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RAILWAY AND INDUSTRIAL
SECTIO N
OF T H E
C ommercial & F inancial £ hronicle .
Copyrighted In 1918 according to Act of Congress, by W ILLIAM B. DANA COM PANY, In office of Librarian of Congress, Washington, D . O.
NEW YORK, FEBRUARY 23 , 1918 .
Vol. 106 .
R
a i l w a y
a n d
I
n d u s t r i a l
S
e c t i o n
.
The Railway and Industrial Seotlon, Issued three times a year on the last
Saturday of February, June and Ootober, Is furnished without extra charge to
every annual subscriber of the Commercial and Financial Chronicle,
The Railway Earnings Section. Issued monthly, containing the sworn
returns of earnings and expenses filed each month with the Inter-State
Commerce Commission, is also furnished without extra charge to every
annual Chronicle subscriber.
The Electric Railway Section, issued three times a year,In January, May
and September. Is likewise furnished without extra charge to every Chronicle
subscriber.
,
The State and City Seotlon, Issued semi-annually on the last Saturday
of May and November, Is also furnished without extra charge to every
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The Bank and Quotation Section, Issued monthly. Is likewise furnished
without extra charge to every subscriber of the Chronicle.
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ceedings of the annual convention of the American Bankers’ Association
Is also furnished without extra charge to Chronicle subscribers.
Terms for the Chronicle, Including the six Supplements above named
arc Ten Dollars per annum within the United States, Thirteen Dollars
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File covers for the C hronicle are sold at 60 cents each (which Includes
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LONDON OFFICE.— Edwards & Smith. 1 Drapers' Gardens, E.O.
WILLIAM B. DANA COMPANY. Publishers.
Front, Pine and Depeyster Streets, New York.
RAILROAD AND OTHER MAPS IN THIS ISSUE.
Atcfiison Topeka & Santa Fe Railway_____________________________
Atlantic Coast Line Railroad---------------------------------------------7
Baltimore & Ohio Railroad_____________ _________ _______________ n
Bangor & Aroostook R R -------------------------------------------------------------------- 13
Buffalo Rochester & Pittsburgh Railway_________________________]g
Buffalo & Susquehanna Railroad Corporation________________________ 18
Canadian Pacific Railway------------20-21
Carolina Clinchfleld & Ohio Railway_____________________________ 22
Central Pacific Railway— See Southern Pacific C o m p a n y ...I ” ! ” 111124
Chesapeake & Ohio Railway Lines___________ _______________________28
Chicago Burlington & Quincy Railroad______________________________ __
Chicago Milwaukee & St. Paul Railway_________________
_
32
Chicago & North Western Railway---------------------34
Chicago St. Paul Minn. & Omaha— See Chicago & North'Wostcrn
34
Chicago & Western Indiana Railroad____________
40
Cleveland Cincinnati Chicago & St. Louis— See N. Y . Central'Lines'* 96-97
Columbia Gas & Electric Company------------------------------------“
154
Delaware Lackawanna & Western Railroad_________ ""
45
Denver & Rio Grande Railroad_________________” ”
47
Erie Railroad---------------------------------------------------- I
51
Galveston Harrisburg & San Antonio Ity.— See Southern"Pacific
124
Grand Rapids & Indiana R y.— See Pennsylvania R lt
101-1 Of!
Grand Trunk Pacific— See Grand Trunk System
ri(5-r>7
ro.gA
Grand Trunk System_____________________
Great Northern Railway----------------------------60-61
Hocking Valley Railway Lines— See Chesapeake &’6 h fo......................
28
Houston & Texas Central Railroad— See Southern Pacific".........
124
Hudson & Manhattan Railroad___________
Illinois Central Railroad--------------------------- 2
Interborough Rapid Transit Company_____
~~~ 07
Inter State Electric Corporation_________
i 70
Kansas City Southern Railway____________ '
70
Lehigh Valley Railroad----------------------------73
Louisville & Nashville Railroad___________
70
Maine Central R R . ._ —
- - ....................111111111111111111111" 78
Michigan Central Rallroad— See Now York Central...................
96-97
Minneapolis & St. Louis Railroad.................
81
Minneapolis St. Paul & S. Sto. Mario Ity.— See Canadian" Paciflc'.".".2b-21
Missouri Pacific Railway.................................
ok
Nevada-Oalifornla Electric Corporation___
180
Now England Power Co. System....................
* 182
Now Orleans Texas & Mexico R y................................ . . . ____ 1 .1 .I I .H I 89
New York Central Lines.. . . .
..96-97
Now York Chicago & St. Louis Railroad— See New York Central__ 96-97
Norfolk & Western Railway.......................................
95
Northern Pacific Railway.— ------------------------------------------------------ 100-101
Oregon Short Lino Railroad— See Union Pacific______________________ 130
Pan-American Petroleum & Transport Co___________________________ 185
Pennsylvania Railroad— - — ----------------------------------------------------- 104-105
Pitts. Cine. Chicago & St. Louis R y .— See Pennsylvania__________ 104-105
Pittsburgh Fort Wayne <k Chicago Railway— Sec Pennsylvania___ 104-105
Reading System___________ - — --------------------------------------------------------111
Rio Grande Southern Railroad— See Denver & Rio Grande______________47
St. Louis-San Francisco R y ---------------------------------------------115
Seaboard Air Lino Railway-----------------------------------------------------------------119
Shawlnigan Water & Power C o---------------------------------------------------------- 193
Sinclair Oil & Refining Corp-----------------195
Southern Pacific Company__________________________________________ 124
Southern Railway_______________________________________________ 120-121
Union Pacific Railroad............................ - ______ _________ _____ ______ 130
Vandalla Railroad— See Pennsylvania Railroad___________________ 104-105
Virginian Power C o. . ______________________________________
208
Virginian Railway__________________________________________________ 132
Wabash Railway________________
134
Western Maryland lity___________________________________________ H I 136
No. 2748 .
INDEX TO MORTGAGES.
ole”
Vol. Pag*.
a
731
. 62
due Oct. 1 1925 and gen. M . g. 4s due Oct. 1 1995.
739
. 62
976
- 52
873
. 61
242
. 45
402
. 45
808
. 69
Central Pacific 1st Ref. gold 4s due Aug. 1 1949.
. 69
868
55
. 45
147
. 49
144
. 51
144
. 51
644
. 54
441
. 45
283
. 69
Illinois Division 3 ^ s , due July 1 1949911
. 51
146
. 45
C. M . & S t . P.
. 45
213
. 45
145
. 45
144
212
. 45
. 45
114
. 45
145
. 45
145
. 48
830
Chicago & North Western Gen. M . gold bonds (up to 5%) , due
!
65
117
Nov. 1 1987.........................................................................
522
, 66
Chic. It. I. & Pac. gen. M . gold 4s, due Jan. 1 1988----------42
52
Clev. Cine. Chic. & St. — . Collat. trust St. L. DIv. 4s, due
228
47
47
229
274
Duluth South Shore & Atl. 1st M . 5s, due Jan. 1 1937---------------- 45
Erie R R . 1st Consol, mtge. securing prior lien and general mtge.
62
86
45
44
49
239
429
61
52
242
582
49
136
66
Illinois Oentral-Lou. Div. & Term. 1st M . gold 3>$s----138
66
St. Louis Div. & Term. 1st M . gold bonds (3 to 4 % ).
45
40
54
444
64 1182
114
51
51
613
24
51
59 1145
47
142
45
243
356
MInneap. Street Ry. consol, mtge. of 1890, due Jan. 15 19 19... 52
51
495
51
495
2d M .
47
287
47
83
Mobile & Ohio gen. M . 4s. due Sept.
45
641
52
84
57
512
64
376
63 1012
63 1017
General lien M . 3s, gold, due Jan. 1 2047.
63
928
47
20
61
246
Consol.
61
247
Reading Company and Phila. & Reading Coal & Iron Co. gen.
64
612
64
955
72
487
54
163
49
237
45
342
52
82
49
241
Southern Pac. coll, trust gold 4s, due Aug. --------------1 1949
851
------ 67
Southern Pac. of Cal. 1st consol. M . of 1893, due 1937______ . . . . 67 1049
Southern Railway 1st cons. M . 5s, due July 1 1994--------------------- 69
783
Texas & Pacific 1st M . 5s. due June 1 2000-------------------------------- 47
82
2d M . 5s, due Dec. 1 2000............................................................ - 47
82
Toledo Peoria & Western 1st M . 4s. due July 1 1917------------------- 45
242
Union Pacific R R . 1st M . RR. & land grant 4s, due July 1 1927 _ 66
618
Virginia Midland general M . 5s, due May 1 1936---------------------- 47
20
Wabash 1st M . 5s. due May 1 1939— ------------------49
270
2d M . 5s. due Feb. 1 1939............................................................... 49
272
Debenture M . 6s, due July 1 1939------------------------------ -—----- 49
273
Detroit & Chicago Exten. 1st M . 6s, due July 1 1 9 4 1 6 4
1049
Western New York & Penn. 1st M . 5s, due Jan. I 1 9 3 7 -- --- ----- 47
109
West Shore 1st M 4s of 1889, due 2361............................................. 42
176
RAILROAD COMPANIES.
N O T E .— U . S. G overnm ent on Jan. 1 1918 as a war measure to o k con trol.
See V . 1Q6, p . 35, 154, 155, 254, 360, 361, 559, 660.
E X P L A N A T O R Y .— This Supplement Is expressly Intended tor use In connection with the investment news and offlolal reports published trom week to
week In the "O hronlole.”
Frequent reference Is therefore made to the volum e and page of the "C hronicle” (as V . 98. p. 000), where fuller inform ation
m ay be found. Following also each statement Is given a reference to the latest news Item In the "C hronicle” respecting the com pany. As every
such Item contains a reference to the last preceding Item, the reader can run back at pleasure. Annual reports are In black-faced figures.
Index.— A ny oom pany not In regular alphabetical order m ay be found by means of the Index, on another page, to roads leased and consolidated.
Dividends.— The dividends ( " d lv s ." ) tabulated In the text are those actually paid during the calendar years nam ed. Irrespective o f when earned.
N et Earnings are given after deducting operating exponses and frequently taxes and. when so stated, rentals, but not interest or other fixed charges,
iSicurities.— These are described In table at head of page (except the stock, for lack of space, sometimes only In text below) as follows:
M iles o f Road.— Opposite bonds, this means the miles of road owned covered by the mortgage.
5<*s or Par Value.— Shows (In dollars unless otherwise m arked), the denom inations or par value, “ 100, <5co.," signifying $100 and larger.
Rate Per Cent.— The Interest and dividend rate per annum Is here shown: g, gold; our. currency, x, extra: s, stock or scrip.
When Payable.— J A J stands for January and July; F & A , February and August; M 4c S, March and Septem ber: A & O, April and October: M & N
May and N ovem ber: J 4c D, June and December; Q-J, quarterly from January; Q -F, quarterly from February: Q-M, quarterly from March.
Bonds, Principal When Due, A c .— This oolumn shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations In table1 M for "m ortg a g e": gen M for "general m ortgage” ; con M or consol M for “ consolidated m ortgage” : lno M for “ Income m ortgage”
g tor " g o ld ” : o or cur for "ourrenoy” ; guar p 4c 1 for "guaranteed principal and Interest” : cum for "cu m ulative” ; non-oum for “ non -cum ulative";
oonv for "convertible Into stock at holder's op tion ” : pref for "preferred” : pref a 4c d “ preferred as to assets and dividends; s f for "sinking fu n d ”
;lgr for "lan d grant” : r “ fully registered (no cou p on s)” ; o "co u p o n ” : o* “ cou pon , but may be registered as to principal” ; r* "registered” and ooupon
Interchangeable” ; br “ branch” : end "en d orsed ": red “ redeem able” : d r’n or drawn .“ subject to call by lo t” ; p m “ per m ile” ass’d , “ assum ed.”
Taxes.— The position o f interest paym ents as regards deductions for taxes, as far as ascertained, is indicated as follows: " x " The bonds so marked contain
the broad tax-exem ption clause that the com pany will pay the interest thereon without deduction for any tax. The Federal A ct approved O ct. 3 1917
provides, how ever, that only one normal 2 % incom e tax shall be deducted at the source and that all further Federal Incomo taxes shall bo m et
b y the recipient o f the incom e. See terms o f A ct V. 1 05 ,p . 1373. xx "C o m p a n y was paying at last advices so m uch o f the normal incom e tax as com^
pany is required to d educt as withholding agent (V . 104, p . 699). xxx "F ree from incom o tax up to 2 % . xxxx “ Free from incom o tax up to 4 % . ’
y “ Free from taxes except Federal incom e ta x .” yy “ Free from all taxes except Federal and State incom e tax. z " N o provision as to exem ption
from taxes.” zz “ Payable with deduction o f Federal incom e ta x .” k “ Free from Pennsylvania State ta x .” kk Freo from N . Y . State tax.
v "F ree from U. S. taxes.”
Mortgage Trustees a n d S to c k T ra n s fe r A g e n ts ( T R T r e a s u re r’s O ffic e ) are In d ica te d th u s:
NEW Y O R K C IT Y —
B a — B an k ers T r u s t C o
C e — C en tra l T ru st C o
C o l — C o lu m b ia T r u s t C o
Em — E m p ire T ru st C o
— E q u ita b le T ru st C o
— F a rm e rs ' L oa n & T r
Fr — F ran k lin T r u s t C o
— G u a r a n ty T ru st G
Co
G
Me — M e r c a n tile T ru s t C o
Mp — M e t r o p o lita n T r u s tC o
— N e w Y o r k T ru st C o
N
— T it le G u ar & T ru s t C o
T
U n — U nion T ru st C o
Us — U nited S tates T ru s t
U S M t g e & T ru s t C o
U sm
B A L T IM O R E —
B B a — B a ltim o r e T r u s t C o
C o B a — C o n tin e n ta l T r C o
E B a — E q u ita b le T ru st C o
F B a — F id e lity T r u s t C o
M B a — M a r y la n d T r u s t C o
M e B a — M e r c a n tile T r & D e p
S B n — Safe D e p & T ru s t C o
BOSTON—
A B — A m e rican T r u s t C o
B B — B o s to n S afe D e p & T r
F B — F e d e ra l T r u s t C o
IB — In te rn a tio n a l T r C o
N B — N e w E ngland T r C o
O B — O ld C o lo n y T ru st C o
S B — S tate S treet T ru s t C o
C H IC A G O —
C e C — C e n tra l T r u s t C o o f 111
CM C— C h ic a g o S av B k & T r
C C — C o n tin e n ta l & C o m
m ercial T r & S av B an k
F C — F irst T r u s t & S av B k
H C — H arris T r & S av B an k
IC — Illin o is T r u s t & S av B k
M C — M e r c h a n ts ’ L o a n 4c T r
N C — N o rth e rn T ru st C o
U C — U n io n T ru s t C o
CLEVELAND—
C C I — C itlz o n s ’ S av & T r C o
C1C1— C le v e la n d T ru st C o
FCI — F irst T ru st & S av B k
G C I — G u ard ia n S B k & T r
S T . L O U IS —
M e S t — M e r ca n tile T r u s t C o
M S t — M ississip p i V a lley T r
S S t — St L o u is U n io n T ru s t
P H IL A D E L P H IA —
L O U IS V IL L E —
C P — C o m m e rc ia l T r u s t C o
F L — F id e lity & C o lu m t T r F P — F id o lity T ru st C o
L L — L o u is v ille T r u s t G i
G P — G ira rd T r u s t C o
G u P — G u a r a n ty T r & S D e p
P IT T S B U R G H —
P h P — P h ila d e lp h ia T r u s t C o
P IP — P r o v id e n t L ife & T ru st
C1P1 —C o lo n ia l T ru s t C o
C w P I —C o m m o n w e a lth T r C o P e P — P e n n C o fo r Insur on
L ives & G r A nnu ities
F P i — F id e lity T it le 4c T ru st
W P — W e s t E n d T r& S D C o
PP1 — P itts b u rg h T r u s t C o
SAN F R A N C IS C O —
S P i — S afe D e p o s it & T r C o
U S — U n io n T ru s t C o
UP1 — U n io n T ru s t C o
D E T R O IT —
D D — D e tr o it T r u s t C o
U D — U n io n T r u s t C o
Subscribers will confer a favor by giving Immediate notice of any error discovered In these tables.
R A IL R O A D C O M P A N IE S .
For abbreviations, A c ., see notes on first page]
Adirondack R y— See Delaware 4c Hudson Co.
Akron & Barb Belt— 1st M g s fd calls 105- UMrix.o* Ar
Akron Can Sc. Young— 1st SJ $1,500,000 g red 105beg’ 15
Alabama Great Southern— Ordinary s t o c k .,- .. .. . .
Preferred stock 6% and participating $4,000,000 . .
First M gold ext In 1908 (V 85, p 1645, 1460). Fz.o
General mortgage £1.1 60 ,0 0 0 _______________ Cez.c
First Consol M $25,000,000 gold --------------- O .z c ’ r*
E qu ip trust Scr I>. due $50,000 s-a (V 88, p 1559)x
do
d o Series E duo $55,000 s-a g ---------Alabama Midland— See Atlantlo Coast Line R R
A labam a T e n n e ss e e & N or— A t & N RR I s t M .C o I x
T om blgbee Valley first M ____________________ C o ls
General m tge_________________________________ Nx
M obile Terminal & R y 1st mtge gold red 105..........x
Ala Tenn & N or Ry 1st & R ef M (V . 96. p. 1228) .x
Secured 3-year gold notes red 101___________ xc*
Equipm ent notes due $10,000 sem i-annu ally.G P
Alabama & Vicksburg— Stook (see text)...
-------▼loksb 4: Meridian 1st M g s fd (V . 1 0 5 ,18 9 2 )-F .x o
Alabam a 4c Vicksburg Cons IstM S I.8 0 0 ,0 0 0 .Ce z.o
2d M orlg $700,000 g (1st M on land)----------Cex.o
A lb a n y & N o rth e rn — See Georgia Southw & G ulf
Albaay & Susa— Stock dividends guar by D & H (end)
1st M $10,000,000 g gu d 4e 1 con v(text) U sm x.o’ Ar
A lb a n y & V e rm o n t— Stock 3 % guaranteed b y rental
M iles
Road
7
290
—
1902
1910
$ 1 ,0 0 0
100
50
50
1 .0 0 0
£100
$ , l & fr
1.000
1,000
S I .0 2 4 ,0 0 0
4 K
1 ,5 0 0 ,0 0 0
6 g
7 .8 3 0 ,0 0 0 7 in 1917
3 ,3 8 0 ,3 5 0 7 In 1917
1 ,7 4 9,00 0 5 (0) p
£ 7 1 4 .7 0 0
5 g
4 .3 1 2 .0 0 0
5 K
150.000
4H
4H g
935 ,00 0
J
J
J
F
1,000
1,000
1,000
1.000
5 g
$89 6 ,0 0 0
450 ,00 0
5 K
270 .00 0
6
6 g
500 .00 0
A s c o lla t
5
1 .1 5 0.00 0
6 g
110.000
5
2 ,1 1 0 .0 0 0 7 In 1917
942 ,00 0
6 g
580 ,80 0
5 g
5 K
4 1 6 ,10 0
A & O
A 4c O
4c
J
J
M 4c S
M «& N
V ariou s
M & N
Y e a rly
A <5r. O
A A O
A A G
1906
1906
1910
1910
1913
191 3 -5
1912
143
143
143
143
1881
1889
1889
142
12
1906
100
1.000
100 A e
100 A c
100
1,000 A c
100
AKRON & BARBERTON BELT R R .— Belt line at narberton. O .. and
Fatrlawn to Akron. O .; total. 23.1 m. Stock. $100,000. owned equally
b v the Cleveland Akron 4c Cincinnati, Balt. & Ohio, Erie R R . and Northern
Ohio R y . Bonds auth . S l.500.0001 Issued. $1,140,000; $216,000 redeemed
b y sinking fund; $360,000 for future requierments. (V . 105, p. 71.)
A K R O N C A N T O N & Y O U N G S T O W N R Y .— See page 208.
A LA B A M A F L O R ID A & G U L F R R .— Operating in Jan. 1918 from
Cowarts, G a., on Atlantic Coast Line R R . south to Greenwood, 32 miles,
and projected thence to M arianna, on A tl. Coast L. R R ., 5 miles. Pres.,
W . S. W ilson, M alone, Fla.
A LA B A M A G R E A T SO U T H E R N R R .— (.SeeMap Southern Ry. System.)
•—Owns Chattanooga, T on n ., to Meridian. M iss.. 293 miles (about 20%
double-tracked); leases B elt R y . C liatt., 49 nr.; owns 50% int. W oodstock
& B locton R y ., 8 m .; trackago. 10m .
O R G A N IZ A T IO N .— Controlled by Southern R y
but operated inde
pendently. V . 81. p. 1722; V . 82. p. 169. Owns $975,100 stock o f 8. W .
C onstruction C o. received for $833,300 Cln. N ew Orl. & T ex. Pac. stock.
D 1V S.— ’02. '03. '04. '05 to 08. '0 9 . TO.
T l to T 5. 1916.
1917
C om . stock - 0
0
0
0
2
4 H 5 yrly. 54c 2 ext. 54c2ext.
P ref. s t o c k .. 9 10
9
6 yearly 6
6
6 yrly.
0&1 ext. 64cl ext.
In June and D ec. 17 paid on com . 2 y ,% and 1% extra. In Feb. and A ug.
1917 and Feb. 1918 paid extra 'A o f 1% on pref. with regular 3 % . V . 104,
p . 2009; V . 106, p. 295.
B O N D S .— The First Consols ($25,000,000) are issuable In lettered sorios,
$0,223,500 reserved to refund 1st 5s and Gen. 5s. $8,150,000 for second
track, at, say, $30,000 per mile; the remaining $7,313,500 for im provem ents
at not over $500,000 yearly. V . 97. p. 1285. 1582. 1820: V. 98, p. 72. 1634.
E quip, trust 1916. V. 102. p. 1539.
In 1917 sold $1,350 000 C onsols,
making $4,312,000 outstanding. V . 104, p. 1044; V. 105, p. 1704.
E A R N IN G S .— 6 m os .,J 1 9 1 7 ________ Gross, $3,870,191: net, $1,140,245
July 1 to D ec. 31.
(1910________ Gross, 3,057.060; net,
1,072,976
R E P O R T .— Year 1916-17 in V. 105. p. 1704:
Operating Net (after Other
Interest, Pref.
Com. Balance.
June 30
Revenue. Taxes).Incom e. Rents.&c. (7 % )
(7 % ) Surplus.
Year—
3
$
$
$
$
$
$
1916-17
6,337,924 1,969,274 704,311 669,883 236,625 548,100 1,218,977
1915-16
.5,641,402 1,681,301 383,915 604,858 236,625 548,100 675,633
— V . 105, p . 1704: V . 106, p. 295.
ALABAA1A & M IS SIS SIPPI R R .— See page 212.
A L A B A M A TE N N E SSE E & N O R T H E R N R Y .— Operates from M ob ile,
A la ., on G ulf o f M exico, where extensive terminals are ow ned, to R eform ,
A la ., on the M obile 4c Ohio, about 225 miles. Including about 25 miles o f
trackage. In N ov . 1915 receivers woro appointed: they are now M . W .
Thom pson o f N . Y .. and John T . Cochrane, M obile, A la. V. 103, p. 1686.
All coupons beginning 1915 are In default except on equipment notes.
Committee for the 4 Underlying Bund Issues.— Chairman. George O. Van
Tuyl Jr.; Sec.. Chellls A. Austin. 115 B roadw ay, New Y ork . Depositary.
M etropolitan Trust C o ., N . Y. V . 102. p. 1058.
Second Noteholders' Committee.— Chal man. P. N . B . Close: S ec., Graham
Adam s. 30 Broad St. D epositary, Bankers T r C o .,N . Y . V .102.p . 1058.
The notes are secured by First 4c R ef. M tge. 5s. 2 to 1.
E A R N IN G S .— 11 m os.. (1917------ Gross, $540,404; net (after $92,575
Jan. 1 to N ov . 30.
\1016------ Gross, 449,750;
rents),
49,472
E A R N IN G S .— For year ending June 30 1916, gross, $513,003; net;
$162,470. In 19)4-15, gross, $413,134: net. $112,625: charges, $200,399;
bal., d of.. $8 7 ,7 7 4 .— (V . 101, p. 1271. 1895; V . 102, p. 1058; V.103, p.1686.)
When
Payable
Par
Value
1878
1888
1913
1909
1916
Amount
Outstanding
Pan
Date
Bonds
3 ,5 0 0 ,0 0 0
1 0,000,000
600 ,00 0
3
z
J
J
J
J
J
g A
M
Sc
D
J
n
A
j
& D
& D
A.
J
4c D
A
A
A
&
A
&
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Ju n e 1 1942
July J 1930
D e c 2 8 ’ 17.
F o b 21 ’ 18,
D ee 1 1927
D e c 1 1927
D e c 1 1943
J u ly ’ 18 J u ly
J u u o ’ 18-Jne
11 S M tge & T r C o . N Y
C le v e lan d T r u s t C o
3 H C h e ck s m ailed
do
do
'iVi
Farm L & T r . N Y : & B
M o r g a n .G re n f& C o ,L on
G u a r a n ty T ru s t O o , N Y
T 9 E m pire T ru st C o, N Y
’26 G u a r a n ty T r u s t C o , N Y
O ct 1 1956
A p r 1 1056
Jan 1 1935
S e p t 1 1935
M a y 1 1943
1916-18
M a y 1918 t o '2 2
A u g 15 1917 7 %
A p r 1 1921
A p r 1 1921
A pr 1 1921
O c t 1915 n o t p a id
O c t 1916 n o t paid
Jan 1916 n o t p a id
M a rc h 1916 n o t paid
N o v 1916 n o t p a id
C e n tra l T r u s t
do
do
do
D el 4c H u d s o n
J Soo t o x t
do
O A pr 1 1946
N N o v 15 1917 1 H T r o y , N Y
C o, N Y
do
do
do
C o, N Y
do
A LABAM A & VICKSBU RG R Y .— Owns Vicksburg to Meridian, M iss ,
and branch, 143 miles. Controlled by Sterling Trust C o. o f London.
Formerly known as tho Alabam a New Orl. Texas 4c Pac. (see this Section
for Feb. 1917 and “ C hronlclo” V . 104, p. 1263, 663.)
D IV ID E N D S .— 1890 to 1892, 3 % yearly; 1896. 3 % ; 1897 to 1899, 5 % ;
1900 to 1902, 6 % yearly; 1903, 9 % : 1904 to 1914. 7 % yearly: 1915. 5 % .
1916 and 1917, 7 % . Stock d ivs., 50% in 1900 and 100% In 1910.
B O N D S .— Consols are held to retiro V . 4c M . firsts. V . 4c M . sinking
...........
fund, $350,867. V . 105, p . 1892.
,
L A T E S T E A R N IN G S .— ( 1 9 1 7 - G r o s s , $1,927,190; not (after $514,669
11 m o s., Jan. 1 to N o v . 30. \1916-Gross, 1,633,863:
rents),
397,295
R E P O R T .— Fiscal yoar ends June 30. R eport V . 103, p . 2074.
June 30
Gross
Net after
Other
Interest, Divs.
Balance,
Year—
Earnings. Taxes.
Incom e. Rents. A c . Paid.
Surplus.
1916-17............$1,927,251 $389,031 $174,709 $124,288 $147,000 $292,452
1 9 1 5 -1 6 ........... 1,684,825 299,251
196,647 125.381 147,000 223,517
— (V . 101, p. 922, 1549; V .103, p.1686, 2074; V .104. p.951; V.105, p . 1892.)
A L A S K A GOVERNMENT ROAD.— V . 105, p . 1521, 2182.
ALBANY & SUSOUEHANNA R R .— (See M ap Delaware A H u d s o n .)R O A D .— Owns Albany to Bingham ton, N. Y .. 142 miles.
LE A SE D for term of charter, viz., 150 years from April 19 1851, to Del. &
Hudson Co.: rental was 9 % per annum on stock (sec guaranty, V . 56. p
774), but the courts having held that the stock Is entitled to the benefit of
refunding effected In 1906. S120.750 additional rental Is paid In Jan
yearly, beginning 1910. making 3.45% available for extra dividends on
stock; Jan. 1914 to Jan. 1918 20 cents was deducted yearly for c o ’s. Federal
income tax. A special dividend o f 30% ($1,050,000) was paid N ov. 16
1909 from the proceeds o f the Judgment for back rentals due b y reason of
refunding. A special dividend o f 3 .2 5 % was paid Jan. 10 1916 and again
Jan. 6 1917 and Jan. 5 1918. V . 89, p. 1141, 1666; V . 90. p. 913.
B O N D S .— The bonds are guar. p. 4c 1., and until April 1 1916 convertible
Into D . A II. stock— $500 stock for $1.000 bonds; $3,556,000 were so con
verted ($3,500,000 pledged b y D . 4c II.; V . 105, p. 389). V . 80. p . 1174,
1362. 2343. Guaranty, V . 82, p. 989.
,
„
_
Arthur W . Butler. Pros.; W . L . M . Phelps, Sec. 4c T roas.; O. F. Coanoy.
Asst. Sec. 4c Asst. T reas.— (V . 97, p. 1820.)
ALBANY & V E R M O N T R R .— Owns road trom Albany to W aterford Jet.,
N. Y .. 12 miles. Leased to Rensselaer & Saratoga In I860 and now oper
ated by Delaware & Hudson Co. Annual rental, 520.000.
A L O O M A C E N T R A L & H U DSON B A Y R Y .— Owns from Sault Ste.
Marie, O n t., and M lenlplcoten Harbor to a connection with the ( an. N orth
ern R y ., 272 miles; branch to Helen M ine. 12 in.; extension to Hearst on
Grand Trunk Pacific R y ., 60 miles, com pleted Sept. 1914; total 334 inlles.
V.95.P.748. 15*10; V . 99. p. 814. Gash subsidy. $6,400 por mile. Land
grant. 2J3 7 .1 4 4 acres (In N o v . 1916 about 2.000.000 acres remained.
V. 1 0 3 , p . 2 0 7 6 ) . V . 9 9 . p . 1 6 7 1 ; V . 1 0 1 , p . 7 7 2 . R e c e iv e r s d is c h a r g e d
In D ec. 1 9 1 6 . V. 1 0 3 , p m ? s . Status June 1 9 1 7 . V . 1 0 5 , p. 7 1 .
Owns stock and leases for 999 years Algom a Central Term inals, L td .,
with bonds secured on terminal properties and on $900,000 1st M . 5%
bonds and $99,300 stock o f Algoma Eastern Term inals, L td. V. 95. p.
1540; V . 96, p. 651. 1020, 1491; V. 99, p. 268, 636; V. 100, p. 732. See
plan below and V. 104, p. 1700: V. 105, p. 71.
P L A N .— In 1916 the following plan (V . 102, p. 885. 1058. 2076: V. 103.
p. 843; V. 104, p . 1700, 2341; V . 105. p. 908), was put In effect:
.^wiuwAUXte
[Buffalo Gap
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6
R A ILW A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
(For abbreviations, & c., see notes on first page)
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Amount
Outstanding
Rale
%
£100 $10,080,000
318,800
$£
£100 &c £1,028.709
$, £ . Ac
$370,000
S, £ , Ac
2,500,000
235.000
$. £ . A c
3,200.000
*100
1898
1.000
2.000.000
text
text
text
6 g
5 g
0 g
6 g
4 g
J
A D June 1 I960
Sept l 1964
F A A Aug 1902
M A N 15 T o M ay 15 1922
M A S Moh 11901
Sem i-A'n T o A pr 1 1026
J A J Jan. 2 1918 3 %
A A o O ct 1 1998
See text
do
do
M altland.O oppellA C oN Y
Bk of M ont, Lon A N Y
M a lt., C o p p e ll* C o .N Y
A Iselln A Go, New York
do
do
4 g
g
g
g
g
J
A J July 1 1919
Juno 1 1943
A N N ov 2 1 9 3 8
C— J July 1 1995
M A N May 1 1941
M & N M a y 1 1919
M A N M a y ’ 18-N ov’ 19
J A J July '18-Jau '21
M A S Sept 5 1 9 2 5
M A N N ov l 1924
M A N M ay l 1950
J & D Dec 11 1921
M a 1 1964
O ffice. 437 C hestnut. Ph
M
Union Tr Co. San Fran
Metropolitan Tr Co, N Y
Empire Trust Co, N Y
do
do
Bankers Tr Co, N Y
Empire Trust C o, N Y
M arch 1913 coup last pd
So Pao Co 165 Bway N Y
do
do
C hic, C on t A O om TrA SB
773.500 4 In 1916 Q— M Sept. 25 '17 1%
50
M A N May 1 1925
300.000
4 g
1,000
A J July 1 1928
374.000
4 g
J
1,000
100 220.374.500 6 in 1917 Cl— M M ch 1'18 1 )4%
100 124.173,700 5 in 1917 F A A Fob 1 1918 2)4
A J Jan 1 1937
J
560,000
5 g
i887 1.000 Ac
A A o Oct l 1995
1895
500 Ac 160,634 ,.500
4 g
4 g
M & N July 1 1995
600 Ac
1895
8,440,500
1895
500 Ac 42.905.50(1
4 K ,V1 «3e N July 1 1995
M A s Moh 1 1928
9.603.00C
4 g
1903 1,000 Ac
V J July 1 1958
.1
1908 1,000 Ac 22.545.00C
4 g
J A J Jan 1 1965
3,000,000
4 g
1915 1,000 A c
A D June 1 1955
J
7.376.000
4 g
1905 1,000 Ao
Cheok from Co's office
New Y ork Trust Co, N Y
Ceutral Trust Co, N Y
Cheeks mailed from N Y
do
do
5 Nassau Street, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Miles Date
Road Bonds
Algom a C & H B av— 1st M g wu red 105 textU sm .xo*
2d M g $3,240,000 (V 99. p 530. 1 2 1 3 )------------Usm
Alg Cen Terminals 1st M g gu rd 105------ Usm .xe*
E quip bonds (A , II, C ), due part annually red ------ x
Algom a East R y— Man A N oSh IstM g gu red . Usnio*
E quip bonds ser A & D due part ann through 10 yrs
62
Allegheny A W estern— Stock S3,500,000) g u a r -------62
First M $2,500,000 gold guar p A 1 ( e n d ) ...a .x o *
Allegheny Valley— See Pennsylvania U R
3
Allentown Term inal— 1st M guar p A 1 tend) g -C e.xe*
A lto o n a N o r t h e r n — 1st M $750.000g call 1 0 5 --G u P
12
Amador Central— 1st M gold (2% s f began 1913) . . x x
292
Ann A rbor— First, mtge $7,000,000 g old ------ M p.xo*
Tmpt and ext M $10,000,000 g o ld -------------------------- x
3-year notes $1,000,000 ------------------------------------ inE
Equip bonds, ser A gold due $33,000 sem l-ann.Bax
do ser B g due $30,000 s-a red 102
(V 9 2 ,p 59)xo
102
Apalachicola Northern R R — First mtge $2,000,000 g - 124
Arlzona Eastern— Gila Vail G1 A N 1st M g g u .M p .z
187
First Refunding M s f ----------------------------------- F.c*A r
A rk a n sas Sc L ou isia n a M idlan d R y— I s t M notes gx 62
Ark & Mem R.v & B d gc— 1st M $7,500,000 g ------G
Asheville & Spartanburg— See Southern R y, Carolina Dlv.
Ashland Coal & Iron R y .— S tock ---------------------------- -
22
First refunding mortgage $400,000 gold -------------Nx
Atchison & Eastern Bridge— 1st M g s f red at par.C ex
Atch Top & Santa l:e R y — S tock, com $ 25 0 ,0 0 0 .0 00 ..
Stock pref $131,486,000 5 % n on -cum --------------------439
Chicago Santa Fe A California 1st M g ___B B .zo’ Ar
General mortgage gold (see t e x t )________ U n.xo*Ar 8,629
A djust lno M cum since July 1 1900 g C e .x o 'A r 8.529
do do Interest stam ped payable M A N -------- x 8.529
479
Eastern Oklahoma Dlv I s t M $ 10,000,000g G .x o 'A r
1102
TransconSL IstM $30,000,000 g red 1 1 0 ..(lx o * A r
106
R ock y M tn D lv 1st M $20,000,000 g re d -G .y c* A r
Bonds convertible till Juno 1918 red (text) G .x c*A r
When
Payable
[ V o l . 106.
Par
Value
1910
1914
1912
’ 11-12
1911
1889
1913
1908
1895
1911
1916
1909
1911
1905
1894
1910
1915
1914
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
1,000 A c
1900
1898
(1) A bondholders’ com m ittee, including O. B . N . Sm lth-Binghara and
J. O. Dalton, for the Railway bonds, and A . F. P. Roger and Andrew
Williamson for the Terminals bonds, and one or m ore others to exercise
the voting power upon the com m on stock o f both compatiias and also for
the conversion o f the 2d M . bonds o f the Railway Into Income bonds until
the principal and Interest o f all the 1st M . bonds shall have been paid in full.
(2) The interest on the Railway 1st M from June 1 1914, and Interest and
sinking fund on the Terminals bonds to be paid only If and to the extent
that the Joint not earnings available for the purpose pormit (except as indi
cated bolow ), but the interest to be cum ulative up to 5 % . with right to
6% per annum, if earned, in the following priority (a) Terminals bonds for
current and all prior years 3 % p. a ., said paym ent, however, to be a fixed
obligation for the periods from Aug. 1 1914 to Aug. I 1915, (paid M a y
1917), and also In each year after Aug. 1 1921. ( 0) B oth Issues pari passu
aa though one issue, 2 % . (c) Railway bonds, 3 % . (d) A ny arrears up to
6 % on either Issue, (e) Terminals sinking fund. (/) Railway bonds, 1%
and Terminals bonds,
o f 1 % . While the guaranty o f the Lake Superior
C orporation remains, the com m ittee alono can enforce it. V. 105, p. 1998.
(3) Reducing existing pref. stock o f the Railway. $5,000,000 outstanding,
b y 60% (i. e., each share to $-10 par value), and creating a now class of
$3,000,000 5 % non-cum . pref. shares o f $40 par value, equal to 6 0% of
present Issue, having similar rights, to be issued as fully paid to tho bond
holders’ com m ittee in consideration o f the Railway and Terminals bond
holders consenting to this scheme, the stock to be distributed 75% to the
Railway bondholders and 25% to the Terminals bondholders pari nassu.
Stock, com m on. $.5,000,000. all owned by Lake Superior C orp .: pref., 5 %
non -cum ., $5,000,000. including $3,000,000 now p ref., represented by
v . t. c . The pref. shares have a par value o f $40 each and in July 1917 it
was proposed to divido tho com m on shares into similar am ounts. V .
105, p. 71. 1st M . bonds, see V. 91, p. 93', 1159, 1327, 1573. Equipm ent
bonds, V . 92. p. 1635; V . 94, p. 1382. For the 12 m onths ended Juno 30
1917, after deducting all interest charges, depreciation, & c.. thoro was a
deficit o f about $380,000. V . 105, p . 994. For tho 6 raos. to D ec. 31 1917
the not operating revenue increased about $50,000 over tho six m onths in
1916. V’ . 105, p. 1998. I’ res., R . H me Smith; Sec., A lex. T aylor,
T oron to; Treas., .1. M . Alton; C orap., K. B. Barber, Sault Ste. M ario,
O n t.— V. 105, p . 71, 908, 996, 1521, 1998.)
A LG O M A E ASTE RN R Y .— Owns Trom Sudbury. O n t., to Little Cur
rent (Manitnuiin Island) through nickel and copper districts, 80 m ., com
pleted Jan. 1 1913; branches, 3 m . Land grant 682,692 acres In Ontario
and cash subsidies from Frov. and D om . o f C an . V . 92, p. 265; V . 95. p.748.
Leases for 999 years Algotna Eastern Term inals, L td ., rental covering Int.
and sink, fund on $900,000 1st M . 5 % bonds. See Algoma Central T e r
minals, L td ., m tge., under Algoma Central A Hudson Bay R y. above.
C om m on stock, $2,000,000, all issued, and pref. 5 % non-cum ., $1,000,
000, nil Issued, all prof, and $1,000,000 com m on owned b y Lake Superior
C orporation. Bonds (M an. & N o. Shore R y.) auth . $3,000,000, issuable
at $30,000 per mile (Issued, $2,500,000), guar., prln. & in t., by Lake Super
ior C orp. They are subject to call as a whole at par or may bo drawn at
105. V . 92, p. 396, 462, 527, 1032; V . 93. p . 227, 406; V. 94. p. 1382.
For 12 m os. ended June 30 1917 tho earning-; were $203,815; interost on
bonds, $140,538: rentals, $66,424; doficit, without allowing for depreciafion, $3,147. H alf year ending D ec. 31 1917 showed im provem ent.
V . 105, p. 994, 1998.
R ep ort for year ending Juno 30 1916, in V , 103, p . 2078. P ros., A . L.
Smith, Sudbury; S ec., Alex. T a ylor, T oron to; Treas., E . W . Shell, Sault
Sto. M a r ie — (V . 105, p. 1998.)
ALLEG H EN Y & W ESTERN R Y .— (See M ap B u ff. Roch. A P itts.)—
Punxsutaw ney to Butler, P a., 60 m. and br. 2m. An extension of Buff. R och.
A P lttsb ., to which leased In perpetuity for guaranty of bonds and 6 % on
stock. Uses Balt. A Ohio from Butler to New Castle and Pittsburgh under a
trackage arrangement, making in all 144 m . V . 70, p . 849.— (V . 82, p. 691;
V. 106, p . 394, 600.)
450.000
See text
300.000
7,000.000
See text
611,000
132,000
180.000
2,000.000
1,492,000
9,155,000
200.000
See text
5
4
5
6
5
5
5
5
5
6
5
g
«
g
g
g
g
E A R N IN G S .— 6 m os., (1916............. Gross. $1,461,127; not. $320,328
July 1 to D ec. 31.
11915............. Gross.
1.333.316: net.
376.185
For 11 m onths,
(1017____Gross, $3,054,265; N et(a ft. $4-19,606
Jan. 1 to N ov. 30.
11916___ Gross. 2,719,188; rents)
586,485
A N N U A L R E P O R T for 1915-10 was In V. 103. p. 1880.
Year ending June'SO—
1915-16.
1914-15.
1913-14.
Gross ea rn in g s........................................ $2,684,309
$2,310,902 $2,294,468
N ot, after t a x e s _____________________
693,622
519.551
473,038
N ot Incom e__________________________
728,548
554,897
499,761
428,489
451,140
418,767
In t., hire equip., & c ._ ________a___
Balance, surplus__________________
$300,060
$100,757
$80,994
D IR E C T O R S .— Newman Erb, If. I. M iller. J. 3 . Bache. F. K . C urtis,
C . M . Iugorsoll, W . J. W ollm an, W . M . W addon, E . 3. L yon and Fred
erick Hortenstoin. Pres., Newman E rb; V .-P ros., J. 3. Bache; V .-P . A
Gen. M g r., E . F. Bloinoyer; V .-P . and T reas., W . M . W adden; S ec., II. B .
Blancha r d — (V . 101, p. 2640; V . 105, p . 1206. 2271.)
A N T H O N Y & N O R T H E R N R R .— Com pleted In 1917 fro m Trousdale,
K a n ., to Vaughn, 47 miles, and Pratt via Trousdale to Kinsley, 53 miles.
Pros., O. P . Byers; See.. E. M . Vetter. O ffice, Hutchinson, Kan.
A P A L A C H IC O L A N O R T H E R N R R .— River Jet. to Apalachicola.
Fla., 79 miles; Apalachicola to Pt. St. Joe, Fla., 23 miles. V. 87, p. 935.
Receiver discharged Feb. 22 1916, all floating debt having been paid with
out foreclosure proceedings. Capital stock reduced to $1,000,000.
Bonds, $2,000,000 (111. Stato T r. C o .. E. St. Louis, trustoo), all held by
com m ittee, Henry C . Haarstlck, St. Louis, Chairman, and R o b ’ t R . T om p
kins, Secretary, which collects interest only as oarnod.
For yoar ended Dec. 31 1916, gross, $209,742; not, $32,012; charges,
129.308: d e f., $87,981. Pros., A . T . Perkins, St. Louis.— (V . 104, p.763)
A R IZ O N A E ASTE RN R R .— Owns M aricopa to Ilassayam pa, A ria.,
74 miles; Bowie to M iam i, Artz., 136 m .; Cochise to Gleoson, 35 m .; T em pe
to M esa, 8 m .; other, 31 m .; leases Phoenix, A riz., to Winkoltnan, 92 in.;
other. 1 m .; total. 378 miles. V. 90, p. 440. Stock auth., $40,000,000,
o f which $9,000,000 outstanding June 30 1917,$8,999.100owned by South.
Pacific C o .; with $4,042,000 o f the $9,155,000 outstanding First R ef.
5s. T ho remainder o f the bonds are held in sinking funds o f proprietary
compantos. In 1015-16, gross, $3,310,302; not, after taxes, $1,304,170:
other incom e, debit, $39,121; charges, $919,312: bal., sur., $345,737.
— (V . 103, p. 1209.)
A R K A N S A S & L O U IS IA N A AUDLAND R Y .— Owns M on roe to Crossett. L a.. 52H miles, and leases Rolfo June, to Hamburg, 8 miles, and
Ashley Drew A Northorn R y ., Crossott to M on ticollo, A rk., 41 miles.
Extensions o f 70 miles to Pino Bluff, A rk ., & c., projected. Incorporated
in D oc. 1915 (V . 101, p. 2142) with $1,000,000 stock, as successor o f Ark.
La. & G ulf R y ., foreclosed; no now bonds at organization, but $200,000
mortgage notes, also on (loosed) Ashley Drow A Northern R y ., $438,000
1st 10-year gold 6s due Sept. 1 1922. V. 80, ()■ 100. Pros., Edward Ford
(Asst, to Pres, o f Ala. A Vicks. R y .); Qen. M g r., J. M . Parkor. O ffice,
Crossott, A rk.— (V . 101, p. 922, 2142.)
A R K A N S A S & M EM PHIS R A IL W A Y . B R ID Q E & T E R M IN A L C O .
— Owns doublo-track bridge (with wagon-way) across tho Mississippi River
at M em phis, T enn.; openod for tra ffic July 15 1916. V. 103. p. 321.
Stock authorized, $100,000, o f which $10,200 Is paid In, equally owned
by the St. Louis Southwestern lty .. C hic., Rock Isl. A Pacific R y. and
St. Louis Iron M tn . A Southern R y ., which uso tho road under a 50-year
operating agreement. These roads and also (acting undor order o f Court)
tho receivers o f the two com panies last nam ed, Jointly and severally guar
anteed for themselves and tho receivers for any companies succeeding them ,
both tho 1st M . bonds and :also| 3-year gold notes (secured by pledge o f
$6,000,000 o f tho bonds), prin. and int., b y endorsomont. These $5,000,
000 notes were taken up by tho guarantors at m aturity Jan. 11918. V. 106,
p. 85. O f tho $7,500,000 1st M . bonds, $1,500,000 are available for fur
ther capital outlays.
Also owns in fee 5)4 acres o f land In M em phis, subject to tho mtge. thoroon
ALLENTOW N R R .— T op ton to K utztow n, P a., 4.39 m . S tock, $1,268,- o f tho Rock Island Memphis Terminal Ry. Co.— not an obligation o f the
$84 (par $ 50), lncl. $1,071,400 pledged under R eading Co. gen.M . N o bonds_ bridge com pany— under which $400,000 bonds are hold by Oh. R . I. A Pac.
ALLENTOW N TE R M IN A L R R .— Owns 2.91 miles of railroad in Allen R y. (V . 99. p. 1833). V . 102, p. 711, 799. Pres., W . 8. M artin, 210
tow n, P a ., connecting the East Penn. (Phlla. A Reading) with the Cent, of Union Station, M em phis.— (V . 105, p. 2271; V . 106, p . 85.)
N. J. Leased for 999 years to Phlla. A R ead, and Cent, of N . J. (by assign
& EASTERN B R ID G E .— Owns railroad and wagon bridge
ment from Lehigh Coal A Navigation Co.) at Interest on bonds and 5% on at ATCHISON
Atchison, K a n ., connecting with the union station. Used by the A toh.
$450,000 stock (par $50), and taxes, bonds being gu ar., prln. and interest, T op . A Santa Fe, the Chlo. R . 1. A P ., tho Mo. Pao. and the Ohio. Burl. A
by Phlla. A R e a d .R R . Co. (foreclosed) and Lehigh Coal A N avigation.
Quincy. Stock, $700,000: par, $100 per share. Pres, and Treas,, H . P .
A L T O O N A N O R T H E R N R R .— This com pany. In 1918, to com plete Eells, Cleveland. O — V . 67. p. 578.)
change o f gauge to standard, buy new rolling stock, A c ., obtained authority
(T H E ) A T C H IS O N T O P E K A Sc S A N T A FE R Y .— (Sea M a p .)—
to sell $205,000 bonds In addition to $250,000 then outstanding.
System July 1 1916 com prised 11,262 milos o f railroad and embraced
AMADOR CEN TRAL R R .— lon e to Martell, Cal.. 12 m . Stock, $400,000- an unbroken line of track from Chicago, 111., via Kansas City, M o., and A l
ar, $100. M ortgage, see V. 88, p. 156. Year ending Dec. 31 1916, grossbuquerque, N . M ., to the Paclflo Ocean; also to Galveston, T e x ., and the
100.088; net, $43,673; in t., $15,000; other incom e, $3,300: taxes, rentals. Gulf of Mexico. For operating purposes the 11,262 m .were divided as fo llow s.
:c ., $8,445; bal., sur., $23,559. Dividends 1911-12, 6 2 -3 % , $25,000 from
Atchison T o p e k a * S. F ____ 8,0 3 9.53 )G u lf Colorado & Santa F o_„ 1,937.21
accum ulated surplus. Pres., M eta J. Erickson, San Fran.— (V .8 8 ,p .l5 0 .)
R io Grande & El P aso............
20.221 Panhandle A Santa F e.......... 666.02
Aso controls, through ownership o f securities or purchase contract
ANN ARBOR R R .— Owns from Toledo, O .. to F rankfort,on Lake M ich.,
other lines aggregating 101.33 miles, and. Jointly with other co s ., 606.52 m .
2 9 2 miles; operates car ferries between Frankfort, M ich ., Kewaunee and
In O ct. 1917 was proceeding with tho construction o f threo branch linos
M anitow oc. W ls.. and M enominee and M anistlque. M ich. Wabash and
Pere M arquette uso T oledo terminals. Ratos, V . 102, p . 1162; V . 105, p. In Kansas and Okla., aggregating 176 miles, and estimated to cost $5,475,
000. V. 105. p. 908, 714. Tho shareholders voted O ct. 25 1917 to acquire
2271.
the Barton C ounty & Santa Fo R y ., Osage C ounty * Santa Fo R y . and
Entire oap. stook o f Manistlque A Lake Superior, Manistlque, M ich., to
the N orth Texas & Santa Fo R y ., all new lines built or building. Seo
E velyn, 42 m. (with branch. 13 m .) was purchased In 1911. V . 92. p. 1108.
V . 105, p. 908. In 1917 built Lindsay to Porterville, C al., 12 milos; H olyS T O C K ., A c.— C om m on, $3,250,000: pref., $4,000,000: 5 % non-cum .
rood to Gallatin, K a n ., 32 m .; L ubbock to fcoagravos, T o x ., 64 m ., and
par $100. Pref. stook cert., see Issue O ct. 30 1897, p. 3.
V. 94, p. 205. Shattuck, Okla., to Spearman, 75)4 m , Soo Annual Itoport In V . 105, p .
The Ann A tbor Co. was Incorporated Jan. 5 1911 as a holding com pany
1613, and V . 105, p . 908.
_
with $7.250.0o0 auth. stock, of which $4,000,000 pref. and $3,250,000
In April 1915 the St. Louis R ock y M t . St Pacific R y ., extending from Des
com m on (par $100), the stock being offered, share for share, for the Ann
M oines. N . M ., west to R aton, with branches, 106 miles, was purchased for
A rbor R R . stock. At last advices $2,971,900 pref. and $2,158,201 com .
$3,000,000 R ocky M tn . D lv . 1st M . 50-yr. 4s. Sco V . 97. p . 363, 442;
had been exchanged. V. 92. p. 59. 116. 321.
V . 95. p . 543, 1771; V. 97, p. 666: V . 100, p . 1169, 1591.
B O N D S .— In April 1910 $750,000 0 % notes were sold , secured by d e
In 1900 acquired control of Gulf Beaumout <Sc Kansas City and Gulf Beau
posit o f $1.500.000 Im ot. and Extension 5 % bonds (of an Issue limited to m ont & Great N orthern, which are loosed by G u lf C olorado & Santa F e.
lessee also o f Cane Belt R R .. A c. V . 76, p . 751; V . 77, p . 1224.
$10,000,000), and a 2d lien on road, equipm ent, A c. V . 102, p . 1624.
1?EB., 1918. j
R A ILW A Y STOCKS A N D BONDS
8
R A IL W A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S .
[For abbreviations. A s ., see notes on irst page.]
A tc h is o n T o p e k a & S a n ta Pe R y (Con.)—
Bonds convertible till Juno 1918 red (tex t).G .x c*& r
Bonds convertible till Juno 1923 red (text) G .xc*& r*
H utchln A So 1st M g red 105 since 1 9 0 8 .-OB.zo*
San Fr & San Jo Val 1st M g call 110 alt 1915- Ba.zo
Santa Fe Pres A Phoenix— 1st M __________ g Ba.zo*
Prescott & Eastern 1st M guar_______________C e.zc*
Cal-Ar L lst& R e f M $50,000,000 gred llO .G .x c '& r*
Athens Terminal Co— 1st M gold redeem 1 0 5 --N .x e*
A tl Birm & A tl— A tl & B 1st M red 110____O B .xc*
F i r s t * R e f M $ 15,000,000g c a ll (text).E q .yy c*& r*
Incom e M 5 % n-c $5,200,000 call par & I n t .C o l.y c *
A tla n t a & C h a r lo tt e A ir L in e— Stock (see text) —
Atlanta Knoxville & Northern R y— See Louisville & N
A tl & S t A n d B ay— 1st M $500,000 g red par____ c*
Second m tge ($500,000 authorized)________________
Atlanta Terminal— First mtge $1,500,000 g__G .xo*& r
Atlanta & W est Point— Stook $2.500,000 auth______
Atlantic C ity— First Mtge $2,200,000 gold _.G u P .xo*
Atlantlo City purchase m oney real estate m tge.G P x
1st Cons M $4,500,000 gold guar......... ...............GPx
Atlantic Coast Line Co (Conn)— Stock (see t e x t )-----Gertfs of lndebt lno non-cum $5,000,000. .SBa.zr
do Class B red 105 after N ov 1920(V 8 9,p l66 6 )z
do redeem able at par since 1910........................ z
Atlantic Coast Line R R — Stock com m on (te x t)______
Class " A ” com stock tax exem pt (R ich & Pet certfs)
Preferred stock 5 % (V . 75, p. 1262)_______________
Coll tr M gold secured b y L & N stk red 1 0 5 .xo* Ar*
Unified m ortgage gold (closed)____________ xc*&r*
Gen Unified M ortgage__________________ Us.c*&r*
Do
series B ______________________ U s.c*& r*
M iles Date
Road Bonds
___
141
375
195
26
834
337
634
638
263
263
ashvlll
82
82
5.32
93
83
66
All
- ..
-- ___
___
__
4,304
4,353
4.353
Par
Value
1908
1914
1903
1889
1900
1898
190i
1897
1900
1905
____
____
1902
1909
1914
1914
1,000
425,000
4g5.000
1,500.000
2,463,600
2,200,000
75,000
350.000
1,000
1.851,000
50
8,820.000
100 &c
5.000.000
100 &C
61,800
100 & c
3.000.000
100 67,559.400
100
1,000.000
100
196.700
1.000 &c 35.000.000
1,000
16,000
1,000 &c 22,840 000
100.000
1,000
100
1.000
1,000
O R G A N IZ A T IO N .— Organized D ec. 12 1895 under laws o f Kansas, as
successor o f A tch. T o p . & S. Fe H R . C o ., foreclosed. V . 60. p. 658.
The railway com pany In July 1917 owned In fee 8,341.51 miles of system ,
and also all, or nearly all. the bonds and stocks of the other com panies.
Has a Joint Interest with the Southern Paclflo In the Northwestern Pacific.
S T O C K .— The preferred stock has preference as to assets and non-cum u"
latlve dividends not exceeding 5 % per ann., as declared b y the board of di
rectors out of net profits. No other mtge. and no Increase In the pref. stock
can be made without consent of m ajority of all pref. outstanding and of all
oom . stock represented at a m eeting. The total auth. am ount of pref. Is
$131,486,000. Pref. stock certlfs. In “ Supplement” o f April 1897, page 3.
In N o v . 1915 $10,000,000 pref. stock was sold to large Investment Inter
ests, making $124,173,700 outstanding. V . 101, p. 1806. 2143.
T he shareholders O ct. 26 1916 authorized the sale on account o f lmpts.
on the line o f the form er A tlantic & Pacific R R . o f $4,800,000 pref. stock
still held In escrow under agreement o f M ar. 8 1898. V. 103. p . 937.
D IV S .—
’00. '01. ’02-’05. *06. '07. '08. '09.
1910 to M ch 1918.
O om . ( % ) .................0
3444 yrly . 444 6 5
544 6 6%%y ryrly(1
ly (l> 44 % Q -M )
5 5 yrly . 5
5 5
5
P ref. ( % ) ................. 4
5" % yrly(244 % F & A )
B O N D S .— The Gen. M ort. (A bstract V . 62. p. 731-739; see also V . 68
p. 974; V . 86, p. 1098) gives a lien, either b y direct m ortgage or b y collateral
trust, on 8,539.97 in. o f the system , with equip., terminals, &c.
T h e unissued G en. M . 4s were In 1914 reserved as follow s: T o rotlre under
lying bonds, $2,004,960; for lm pts., & c., $1,852,102; acquisitions o f other
lines, $6,731,554; no longer available $2,339,383.
Adjust. (Incom e) M tqe. a b s t r a c t . V . 62. p. 739. In t. payable only If
earned up to 4 % In each year, cumulative. Present Issue limited to $51,
728,000, but when the $30,000,000 gen. 4s auth. for Improvements as above
have been Issued, $20,000,000 additional adjustm ent 4s m ay be Issued for
the same purpose at not exceeding $2,000,000 In any one year, but only by
a m ajority vote of the adjustment bondholders. Interest— In N ov. 1897
paid 3 % ; since, full 4 % yearly.
Eastern Oklahoma division 4s o f 1903, V . 76. p. 434; V . 79. p. 1331;
V. 84. p. 1549: V . 85. p. 598: V . 86. p. 980. 1041.
The “ Trans-Continental snort Line” first gold 4s o f 1908 are limited to
$30,000,000 auth. Issue. The $17,000,000 sold In A ug. 1908 covered 693
miles then In operation: the remaining $13,000,000 can bo issuedat $25,000
per mile. V . 100, p . 2008. Com pare lssuo June 26 1915. V. 87, p. 479, 878.
The 4s of 1905 ($49,711,000 auth. Issue) are convertible Into com . stock
at par till June 1 1918. V . 79. p. 2695: V . 80. p . 649; V . 81. p. 1174;
V . 82, p . 391, 867. O f the $26,056,000 5s issued In 1907, the $7,500,000
still outstanding June 1 1917 wore paid at m aturity on that date. V. 104, p.
2341. The 4s o f 1909 are convertible Into com m on stock at par to June l
1918. V . 88, p . 1435, 1559. The 4s o f 1910 are con v. Into com . stock at
par prior to Juno 1 1923. V. 90, p . 913, 1043.1612; V . 92, p. 393. 593, 1700.
The several Issues o f convertibles must be secured by any future m tge.
covering the lines owned at time the convertible Issue was m ade, and may
be called at 110 on any Interest day, but when called m ay be converted
Into stock provided the tim e for conversion has not expired.
The Callfornla-Arlzona Lines 1st and R ef.m tge. of 1912 ($50,000,000 auth.
Issue) o f which $18,503,768 444s aro outstanding covers 834 miles o f
road, Including tho line from Needles to M oja ve, 242 miles, which was
acquired from the Southern Paclflo C o., on which there are outstanding
$4,127,500 Sou. Pac. bonds due N ov. 1 1937. The latter also cover over
1,000 miles of Sou. Pac. C o., which has agreed to Indemnify the Cal. A rlz.
& Santa Fo R y . against any claim on account thereof.
Of the remaining C al.-A rlz. bonds, $26,329,232 are Issuable for not
exceeding the actual cash expenditures for betterments. Improvements and
additions on and after Jan. 1 1912 and $5,167,000 are reserved to refund the
underlying bonds, $4,940,000 Santa Fe Prescott A Phoenix 5s, $224,000
Prescott A Eastern 5s and $3,000 on the line from Golfs to Ivanpah, Cal.,
45 miles. V . 94, p. 649. 696, 766: V. 95. p. 543.
O f tho R ocky M tn . D Iv. 1st 4s o f 1915 ($20,000,000 auth. Issue), $3,
000,000, redeemable at 105, were Issued to purchase the St. Louis R ock
M tn . & P ac. C o ., Des M oines to R aton, N .M ., &c., 106 miles. T he remainder
m ay be Issued for extensions. V . 100, p . 1593; V . 102, p. 250.
L A T E S T E A R N S .— ( 1917-C.ross, $150,988,453; N et(a ft. $44,286,215
11 mos., J an .l to N ov.30.11916-G ross, 131,156,371; taxes)
45,774,264
For 11 m os. to N o v . 30, taxes, & c., wero $11,254,769, agst. $6,124,926
In 1916.
R E P O R T .— Y ear to be changed to end D ec. 31 w ith annual m eeting In
A pril. R eport for year onding June 30 1917.
V . 105, p . 1613, 1623;
e d it., p . 1567.
1916-17.
1915-16.
1914-15.
11,270
11,247
11,115
Averago miles op erated....................
Operating revenues........................... $156,179,121 $133,762,392 $117,665,587
Operating expenses.......................
96,333,568
83,730,960
76,091,553
Taxes, & c..............................................
9,893,877
6,251,439
5,522,633
Operating incom e.........................$49,951,675 $43,779,993 $36,051,401
Other incom e......................................
3,418,291
3,307,130
2,997,150
$47,087,123
$12,529,733
2,017.334
6,208,685
12,482,280
7,000,000
- ............
839,048,551
$12,785,747
2,199,391
5.708,686
11,341,330
6,513,397
.
Balance, surplus...........................
N one
$6,819,091
N one
O F F IC E R S .— Chairman o f Board o f Directors, Walker D . Hines; E . P .
R ipley, President; D . L . G allup, C om p .; G. K . C ooper, A sst. Treas.
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
1909 $1.000&o $1,305,000
4 g
J * n June 1 1955
5 Nassau Street. N Y
1910 1,000 &c 11,864,000
J * D June l 1960
4 g
do
do
1,000
1898
192,000
6g
J (fe J Jan 1 1928
do
do
1,000
1896
5,989,000
O Oot 1 1940
A *
5 g
do
do
1,000
1892
4,940,000
M Sc s Sept 1 1942
5 g
do
do
1.000
1898
A SC o Apr l 1928
224,000
5 g
do
do
1912
$ & £ 18,503,768
do
do
444 g M & s Mch 1 1962
1.000
1907
200,000
5 g
,r *
J July 1 1937
New York Trust Co, N Y
1,000
1904
j
4,090,000
<’* J Jan 1 1934
5 g
Old Colony Thrust Co, Bos
1,000
N one
1915
text
M * N N o v 1 1945
Equltablo Trust C o , N Y
1.000
1915
4,543,907 5 In 1917 M *
S N o v 1 1930
Co'lumbia Trust C o , N Y
100
1.700.000
M *
S M a r 1918 444% U wSMtge A Tr Co. N Y
9
1914 1,000 &c 20.009,000 1st
M&
$20,000,000
Central
C e.yc*&
Trust
r* C o , N Y
July 1 1944 A 4 44)
444
5 J & J($5,500,000ser
T h e Oklahom a Central ItU .. Lehigh. O kla., to Chlckasha, 133 m iles. Is
leased for 5 years from A ug. 1 1914, with privilege o f renewal for 5 years,
and an option to purchase the $1,500,000 stock and $1,500,000 incom e
bonds. V . 98. p. 1844; V . 99. p . 406; V . 101. p . 845.
T otal incom o.................................... $53,399,966
Interest on bonds................................$12,112,814
g ir o o f equipm ent, rentals, & c___
2,161,596
Dividends on prof, stock ( 5 % ) - . 6,208.685
Dividends on com . stock ( 6 % ) - - - 13,041,630
P rov. for additions & betterments
8,875,211
Investm ent In equipm ent_______
11,000,000
Amount
Outstanding
[V o l . 1 06
6 g
6
A
J
J
6 ln4l§17 J
M
5 g
A
44*
A
5
a
4 *g
J
12 In ’ 17 c
5 cur ,T
4
J
4
7 In 1917 J
7 in 1917 .1
5 in 1917 M
M
4 g
4 g
J
J
444
4
J
Ai o
J
& D
& J
& N
A ()
<fe o
& J
—M
A D
& J
A J
A J
*
J
* N
& N
& D
& D
Sc D
Oct 1 1938
AtlantaCenBk& Tr Corp
July 1 1953
D ec 311917 3%
May 1 1919
Apr 119 3 0
Apr 1 1948
July 1 1951
D ec 10 ’ 17 3 %
Irredeem able
Guaranty Trust Co, N Y
Atlanta, Ga
Reading Term inal, Phlla
do
do
do
do
do
do
Baltm ore
D ec 1917 paid 244%
Jan 1918 paid 2%
Jan 1 1925
Jan 1918 paid 2 %
JanU 01918 3 44 Treas Office, W ilm , N O
do
do
Jan’ 10 1918 3 44
do
do
N o v 10 1917 244
Oct 1 1952
J P Morgan A Co, N Y
Deo 11959
United States Tr Co, N Y
do
do
June 1 1964
June 1 1961
do
do
Directors.— Charles Steele, Edward .1. Berwlnd, A .D . Jullllard, H . R leman D u va l. W alker D . Hines, H enry S. P ritchett, Ogden L . M ills, N . Y .;
T . D e W itt C uyler, P hlla.; B . P . C heney, B oston; H om er A . Stillwell,
Edward P . R ip ley , C hicago; A ndrew O . Jobes, M errlam , K a n .: H owel
Jones, Charles S. G loed, T opeka; IT. O . F rick, P ittsburgh. O ffice, 5
Nassau S t., N .Y .— (V . 105. p. 714, 908, 1613, 1623, 2271; V . 106, p. 497.)
ATHENS TE RM IN A L CO.— Owns freight terminals and approaches In
Athens, Ga. Stock $25,000, equally owned by Seaboard Air Lino and
Gainesville Midland, which agree to pay operating expenses and Interest
oharges In proportion to tonnage use. Bonds ($250,000 auth, Issue), see
table above. Pres., W . R . Beauprle, Gainesville, Ga.; Soo. A T reas.,
G ordon O . Carson, N ew Y ork C ity .
A T L A N T A & A N D E R SO N R Y .— Organized to construct a railroad 140
miles long running from A tlanta, G a ., to A nderson, S. O ., In July 1917
applied to tho Georgia R R . Comm ission for authority to Issue $7,500,006
com m on stock, $7,500,000 pref. stock and $20,000,000 1st M tge . 5 % 40-yr.
gold bonds secured b y a mortgage all on the p roperty.
J. L . M urphey Is President and M ark B olding, Sec’y ., A tlanta, G a.
ATLAN TA BIRMINGHAM & ATLANTIC R Y .— Owns Brunswick, Ga.
to Birmingham, A la ., 453 miles; Scssoms to W aycross, G a., 25 miles;
Fitzgerald to Thom asvllle, G a., 81 m .; Atlanta to Manchester, 7H m .:
tota l, 638 m . See V . 103, p. 405. An extension from W aycross, G a ., to
Jacksonville, F la ., 75 miles, Is proposed, to cost something over $2,000,000
and to be com pleted to tidewater b y Jan. 1 1920. V . 104, p. 2116
O R G A N IZ A T IO N .— On Jan. 1 1916 succeeded to foreclosed properties
o f the A . B . & A . RR. C o ., Georgia Terminal C o. and Alabama Terminal
R y ., per plan In V .101,p .2143. Result o f Federal valuation, V .103,p .1887
N E W S T O C K .— $30,000,000 In $100 shares underwritten at $12 a share
b y a syndicate headed b y H ayden, Stone & C o ., to provide $3,800,000 for
discharge o f all equipment obligations (about 81,266,366, incl. somo amount
still unpaid D e c. 31 1916), also judgm ents, tax loans, & c. V . 102, p. 344,885.
B O N D S .— First and Refunding Bonds.— W hen Issued will be a first
m ortgago on 300 miles o f main-line track and second mortgage on
337 miles, and upon the terminal properties In Birmingham and Atlanta.
T o be Issued only (a) to retire, at or before m aturity, A tlantic & Birming
ham R y . $4,O9O,O0O 1st 5s due 1934. (b) For future Im provem ents, ex
tensions and acquisitions under restrictions. N one o f thoso fixed intorest
bonds had been Issued to D ec. 31 1916. Interest rate to be fixed at time o f
Issue, not to oxceed 6 % . V. 103, p. 405. Callable at 110 & Int. N o v . 1920
to 1925: at 105 & Int. 1925 to 1935. and thereafter at 10244Income Bonds.— Entitled to non-cum . Interest (paid semi-annually)
at such rate, not exceeding 5 % per annum, as m ay bo declared.
(V . 101, p. 2143).
The mortgage provides that net Income, as de
fined b y tne I.-S . C om m . Comm ission, as available for that purpose, shall
bo so declared b y tho B oard. Tho board m ay, how ever, reserve In
any year from such "n e t Incom o" not in excess o f 20% theroof,
(but not to exceed $100,000 In any year), until tho total am ount so reserved,
exclusive o f Intorest, shall reach $300,000. This "In co m e Bond Reserve
F u n d ," carrying Interest at 6 % . m ay be distributed to tho Income bonds
at any time and In any am ount, and any balance at tho m aturity o f the
bonds shall be paid over to the trustee for tho benofit o f tho bondholders.
T otal auth. Issue, $5,200,000; held by or for com pany $656,093, including
$370,640 purchased in 1917; outstanding, $4,543,907. V. 105, p. 68.
T he first Installment o f Interest on the 15-yr. 5% incom o M . bonds at
the f u ll rate o f 5% per annum, from N o v . 1 1915 to Juno 30 1916, $33 33
per $1,000 bonds was paid Sept. 1 1916, but only as to 2 )4 % from earnings,
the new com pany not having takon possession till Jan. 1 1916. V .103,p.664
On M a r. and Sept. 1 1917 2 )4 % (s.-a.) was paid on the incom es.
As to Atlanta & B irm . R y . $4,090,000 1st M . 5s, sco V . 80, p . 710, 115.
L A T E S T E A R N IN G S . (1917____ Gross, $3,600,252; N ct(a ft. $429,843
11 m os., Jan. 1 to N o v . 30.11910__ Gross, 2,973,224; rents) — 535,507
R E P O R T .— F or years onding D o c. 31 1916 In V . 105, p. 68, showing:
Calendar
Cross
N et, after
Other
Interest
Balance,
Year— Earnings.
Taxes.
Income.
Rents, A c .
Surplus.
1 9 1 6 ..........$3,339,840
$622,143
$103,180
$438,424
$286,899
1915 .......... 2,852,042
287,922
54.283
314,690
27,515
T he estimated expenditures for years 1910 to 1918 for lm pts., ballast, 35
miles now 80-lb. rail, & c., aggregate $601,434, v iz .: 1916, $193,000; 1917.
$353,434; 1918, $55,000.
Directors: E. T . L am b, F . K . M a ys, Brooks M organ, J. K . O ttley and
M ell. R . W ilkinson o f A tlanta; A . II. W oodw ard, Birmingham, A la.;
Galen L . Stone and Charles F. A yer, Boston; P ercy R. Pyne, G eo. O.
Clark Jr. and Howard Bayno, N. Y . C ity ; E . IC. Farmer, FItzergald, G a .;
F. D . M . Strachan, Brunswick, G a .; Elijah B . Lewis, M ontezum a, G a.;
W . C . Vereen, M ou ltrie, G a.
P res., E . T . Lam b; V .-P ., Brooks M organ; Sec. & T reas., F . K . M a y s.—
(V . 104, p. 162, 2116; V. 105, p . 68, 714.)
ATLANTA & CHARLOTTE A IR LINE R Y .— (See M ap Southern Ratlwav
System.)— Owns Charlotte, N . C ., to Arm our, Ga., 203 miles.
T he stockholders on Juno 2 1914 voted (1) to authorize a first mortgage to
secure an Issue o f $20,000,000 bonds to bo Issued In lettered series and to
bear not over 5 % Int., and (2) to m odify tho operating contract made with
the R ichm ond & Danville R R . under which the dividend to bo paid will be
9 % yearly without regard to earnings. Instead o f a maximum o f 7 % , d e
pendent upon gross earnings, tho Southern R y . to havo an option to pur
chase the stock on any dividend date at $250 per share In cash. Seo V . 98,
p. 1458, 1765, 1918; V. 98, p. 1991: V. 99, p. 195, 536. 608. T ho final
$4,000,000 1st M . 5s was sold In M arch 1917 on occount o f additional
double-tracking, & c. V . 104, p . 1044. V . 102, p . 1058, 1162; V . 101,
p. 286, 368; V . 103, p . 577, 664.
D IV S — 11881 to ’89. 1890 '91 to M a r. ’01. Sept. ’01 to M ar. ’ 14. Since.
Per c e n t.) 5 yearly.
544
6 yoarly.
7 yearly.
9 yrly.
Year ending Juno 30 1916, gross. $5,751,748; not, after taxes, $2,669,698
other incom o, $17,182: Int., & c., $1,461,873; d ivs. (9 % ), $153,000; addi
tions, & c., $1,129: bal., sur., $970,878.
Pres., C . S. Fairchild, N . Y .— (V . 104, p . 1014, 1898; (V . 105. p. 388.)
R A ILW A Y STOCKS A N D BONDS
F e b ., 1918.
RAILROAD COMPANIES.
[For abbreviations, &c.. see notes on first pace.]
A t l C o a s t L in e R R (C o n c D —
___
C o n v d e b s J 2 3 . 5 6 2 . 5 0 0 r e d 1 0 5 a f t e r M a y '1 0 S B a . x r
C e r t i f i c a t e s o f I n d e b t e d n e s s ( n e w ) ____________________ z
E q u i p t r u s t s e r B g o l d $ 1 2 5 , 0 0 0 d u e s - a ----------- S B a x
Bonds to be Refunded by General Unified Bonds—
F ir s t c o n a ( 1 s t M o n 1 ,0 2 3 m il e s ) c l o s e d ._ F . x c * & r *
N o r t h E a s t (S O ) O o n s M g o ld F lo r t o C h a r le s t o n .x o
A t la n t ic C L o f S C O e n 1 st M ( l s t o n 5 9 4 m lg S B a z o *
P e t e r s b u r g M c l a s s A g o l d ...........................................................z
do
do
c la s s B g (P e t e r s b u r g t o W e ld o n ) .z
R i c h m o n d A P e t e r s b u r g C o n s o l M g __________ C e . x o *
W llm A W e l d o n G e n M ($ 9 3 8 ,0 0 0 a r e 4 s) g .S B a .z o *
• W ilm in g t o n & N e w b e rn 1 st M g o ld a s s u m .-S B a .z
N o r A C a r 1 st M g o ld (P P t V a to T a r . N O .C e .z o *
S e c o n d m o r t g a g e g o l d ........................... .................S B a . z o *
S a v F la A W 1 s t M g ( $ 2 ,4 4 4 ,0 0 0 a r e s ) - M p .x o * A r
C h a r le s to n A S a v a n n a h g e n m t g e g o l d — s B a .z o *
B r u n s A W 1 st M (B r u n s w ic k t o A l b a n y ) g g u M p .z c
A la b a m a M id la n d 1 st M g (B a ln b t o M o n t g )..J Y lp .x o
F l o r i d a S o 1 s t M g o l d ........................ ............................ A B . z c *
S a n f o r d A S t P e t e r s b u r g f i r s t m t g e g o l d ............ - P c P x
S ll S p O A G 1 s t M g o ld (O c a la t o I n v A b r ) - E q . x c *
A t la n t ic & D a n v — 1 st M $ 4 ,4 2 5 ,0 0 0 g ln t r e n t .- B a x c *
S e c o n d m o r t $ 1 ,5 2 5 ,0 0 0 g o ld ln t r e n t a l— . . E q . x o *
Atlantic & North Carolina— Stock $ 1 , 8 0 0 , 0 0 0 ------ 1 st M t g e $ 3 2 5 ,0 0 0 g g u a r p & 1 b y N o r f S o E q .y c *
A t l a n t i c Q u e b e c & W * » t — 1 st M c a lla b le 1 1 0 - - - - C *
A tla n tic & St La w ren ce— S to c k 6 % ren ta l G ra n d T r ’ k
A t la n & W c s f n — 1 st M S I . 5 0 0 .0 0 0 g r e d 1 0 5 -.P B a c *
A u g u s ta & S a v a n n a h — S to c k 6 % re n ta l C en tra l o f G a
A u g u s t a S o u t h e r n — F ir s t c o n s o l m t g e g o l d . . . . C e . x c
A u g u s t a U n io n S t a t i o n — F ir s t M $ 2 5 0 ,0 0 0 g o l d .S B a x
A u s tin & N W — S e e H o u s t o n A T e x a s C e n tra l
5
M ile s
R oad
D a le
B onds
—
1909
1902
1911
3,942
102
696
69
69
27
479
91
110
110
544
111
167
174
244
145
64
278
278
_
6
167
24
53
82 H
Par
V a lu e
A m ount
O u ts ta n d in g
$100 Ac $4,481,045
135.100
100 Ac
1,000.000
1,000
R a te
%
9
W h en
P a y a b le
M A
4
M
A
4
4M g J &
1902 1.000 Ac 50.938,000
4g M
J
1883
6 2
1,000
657.000
1898
4g J
5.547.000
1,000
1881
808.000
1,000
5g J
A
1881
800,000
1,000
6 2
1890
300.000
1.000
4H e A
1885
1,000 4.000.000 4 g A 5 g J
1897
4g F
1,000
106,000
1889
1,000
1.314.000
5g A
1896
1,000
400,000
5g J
1884
1,000 6,500,000 5 g A 6 g A
1886
1.000
1.500,000
7g J
1888
500 Ac
1,407.000
4g J
M
1888
1,000
2,800.000
5g
1895
1,000 2,418,000
4g J
1894
1,000
275,000
4g J
1888
1.000
4g J
492,000
1900
4g J
1,000 3.925.000
1904
1,000
4g J
1,525,000
100
1,797,200 3 In 1917 J
J
1917
1,000
325,000
6g
1905
text J
£100 2,548.675
M
£ A $100
0.484.000
6
1912
M
500 Ac
5g
303,000
J
100
1,022,900
5
1894
1,000
J
400,000
5g
1903 1.000 Ac
225.000
4 it J
L a s t D iv id e n d
an d M a tu rity
Places Where Interest and
Dividends are Payable
Safe Dep A Tr Co, Balto
N Nov 1 1939
N Irredeemable
Treas Office. Wllm, N O
D June 18-Dec ’21 U S Tr Co. N Y . & Balto
A S July 1 1952
A J Jan 1 1933
A J July 1 1948
A J July 1 1920
A o Oct 1 1926
A O Apr 1 1940
A
J July 1 1935
A A Aug 1 1947
A o Apr 1 1939
A J Jan 1 1948
A o Apr 1 1934
A J Jan 1 1930
A J Jan 1 1938
A N Nov 1 1928
A J Jan 1 1945
A J Jan 1 1924
A
J July 1 1918
A
J July 1 1948
A J July 1 1948
Sc J July 1 1917 m
A J July 1 1922
Sc J July 1 1935
A X Sept 1917 3%
A N May 1 1952
A
J July 0 1917 2H
A
n Deo 1 1924
A J July 1 1953
United States Tr Co. N Y
United States Tr Co, N Y
Safe Dep A Tr Co, Balto
Meroh Nat Bit. Rloh’d.Ya
do
do
Brown Brothers, NY
First Nat Bk. NY. ABalt
Safe Dep A Tr Co. Balt
Central Trust Co. N Y
Safe Dep A Tr Co, Balt
United States Tr Co. N Y
do
do
do
do
Metropolitan Tr Co. N Y
United States Tr Co. N Y
do
do
do
do
Bankers Trust Co. N Y
Equitable Trust Co
Check from Co’s Offloe
N Y . Equitable Trust Oo
See textisee LondonSt Ex
London and Portland
Fidelity Tr Co. Balt
Savannah. Ga
J P Morgan A Co. N Y
Safe Dep A Trust Co.Balt
Sav. Florida & Western R y. was merged In 1902. V. 74. p. 774, 829.
ATLANTA & ST. ANDREWS BAY R Y .— Owns from Dothan, Ala., to
In Oct. 1902 acquired $30,600,000 of the $60,000,000 Louisville A Nash
Panama Gitv. Fla., on Gulf of Mexico, 84 miles. Now Interest came Into
ville RR. stock for $10,000,000 cash, $36,000,000 in 4% collat. tr. bonds
control on Nov. 1 1917. Stock auth., $1,000,000; outstanding, $300,000;
par, $100. Central Bank Sc Trust Corp. of Atlanta, trusteo o f first mtge. and $5,000,000 stock; and In 1913acquired $6,120,000 additional. V. 75.
V. 68, p. 391, 1460; V. 88, p. 685; V. 83, p. 270. For year ending Juno 30 p. 733. 792, 905; V. 79. p. 785.
STOCK.— Atl. Coast Line of Va. class A (Rich. & Pet. ctfs.) tax-exempt
1916-1/ gross, $259,129; not, $102,414. Pres., B. W . Steele, Dothan. Ala.;
Sec , H. w .W o o lf, Panama City, Fla.— (V. 105. p. 1801. 2271.)
stock was assumed as so much of the com. stock of the new company.
ATLANTA TERMINAL CQ.— Owns union passenger station opened
DIVS. (% )— ’05.'06. '07. '03. '09. '10. ’ l l . ’ 12-T4. ’ 15.T0. 1917 1918
May 14 1905. with approaches, used by Southern R y.. Central of Georgia Com.(Incl.Cl.A.) <i5 6 6 6 5 H 5 W 6 0 7 yrly 5 5
7% 3 H .R y., Atlanta & West Point IUt., Atlanta Birmingham & Atlantic Ry. and
Also In 1905 20% In com. stock scrip and 6% In Atlantic Coast Line Oo.
Seaboard Air Line Ry. Stock, $150,000, owned In equal proportions oy 4% certificates of indebtedness. V. 81. p. 1558. b Includes 3% paid In
the first three companies named, charges and expenses being paid by the Jan. In Atlantic Coast Line R R . 4% certificates of Indebtedness.
five using companies on car>basis. V. 76, p. 593, 1394; V. 77, p. 699;
BONDS.— In April 1914 the % Unified Mortgage of 1909 was closed and
V. 105. p. 2093.
a new $200,000,000 GeneralUnlfled’ Mortgage was made permitting (unlike
ATLANTA & WEST POINT R R — Atlanta. Ga.. to West Point. Ga., tho mortgage of 1909) the Issuing of bonds in series at various rates of Interest
93.19 m. Georgia R R . Moh. 31 1910 owned $936,100 stook, but sold same Tho old Unified 4s held bv the R R .C o. and the Atlantic Coast Line Oo.
In 1910-11 to the lessees at $135 pcrshare, with the option of repurchase ($21,330,000 and $3,008,000) were exchanged at once for new Series A
at «ame prlco on expiration of lease.
4J$s, $ for $, and a similar exchange was offered till Juno 1 1910 to the
DIVIDEN DS.— From July 1 1884 to July 1901. Inclusive, 6 % yearly. $187,000 old unified 4s held by the public, v . 98, p. 761,1070,1154.1243:
J. & J.: Oct. 1 1899. 25% extra; 1902 to Doc. 1917, 6 % yearly.
V. 100. p. 1916. Listing, see V. 103, p. 2237.
Year ended Dec. 31 1916, .gross, 81.469.722; net, after taxes, $344,487:
for which the $200,000,000 General Unified Bonds were or are issuable
other income, $23,059; rentals. &c.. $178,651;'dlvs. (6 % ), $147,816; sur., Purposes
Issuable as Ser. A 4J4s to refund $30,749,484 Unified 4s--------- $30,749,484
$41,079.— (V. 93, p. 1104.)
Reserved to retire 4% certlfs. of Indebtedness, pref. stock and
ATLANTIC CITY RR.— Camden to Atlantic City,58.35mlles; branches
debenture bonds________ __________________________________ 4,963,960
Winslow Junction to Cape May. N. J., 55.80 miles: Wllllainstown’ Reserved to retire underlying bonds................ ............................- 84,438.750
22.07 miles-Gloucester. 10.85 miles; Sea Isle City, 12.35 miles; Ocean Reserved (along with any bonds not Issued to retire certificates
City. 10.10Indies; total. 170.18 miles. V . 72. p . 1278. STOCK, common,
of Indebtedness) for future construction. Improvements, &c__ 79,749.806
$2,625,000; pref., $1,000,000 (par, $50). Reading Co. owns over 99% of V. 98, p. 701, 1070 1154. 1243; V. 100. p. 1508.
,
.
stock, and guarantees consol. 4s, prln. and lnt.
Form of guaranty, V.
The 4% convertible debentures are redeemable (after May 1 1916) at
75. p. 1398. Of the latter. $2,649,000 are reserved to retire prior lien 105 and convertible at the option of the*holder Into common stock at $135
bonds. See V. 73, p. 81. There are also $22,800 Sea Coast “ AVl 5s and a share at any time up to Jan. 1920. or. If called, up to 30 days of date.
SI 200 " B " 5s
V . 97. p. 1513.
W A R N I N G S — 11 m os.,(1917..Gross, $3,027,831; net (after $526,529
As to the $35,000,000 collateral trust 4s of 1902, see "Organization”
Jan. 1 to N o v . 30.
\1916--Gross, 2,561,906;
rents),
424,919 above. They are subject to call at 105 In amounts not less than $100,000.
Year ending June 30 1910, gross, $2,477,137; not, $468,914; other Income,
There were outstanding June 1 1917 $16,000 Bruns. & West. Incomes.
$64,298. Deduct: Interest on funded debt, $207,872; rentals, &c.,
The Washington A Vandemere 4 Hs ($1,500,000 authorized, of which
$237,791; additions & improvements. $47,215; bal„ def., $40,334. against $720,000 outstanding) are guar., p. & 1., by endorsement. V. 84. p. 1246.
$310,285 In 1914-15.— (V. 82. p. 750.)
As to Winston-Salem South Bound RR. guar. 4s, see that company.
Equipment bonds (4H g.) of 1911, duo 1921. See V. 93. p. 1323.
ATLANTIC COAST LINE C p — Organized M ay 29 1899 in Connecticut
FINANCES.— The dividend rate on the common stock was reduced
and owned Juno 30 1917 $18,590,600 common stock and a largo amount of
from 7% to 5% In 1915: was restored to 7% In 1917, Bonded debt per
bonds of Atlantic Coast Lino R R .— see bolow and V. 103, p. 1504.
S T O C K — The stockholders voted February 20 1914 to reduce the mile Dec. 31 1916, $27,584.
E A R N IN G S— /1917 Gross, $44,063,331: net (aft.$13.263,702
stock from $17,640,000 to $8,820,000, effective as of Mar. 10, the stock 12LATEST
mos., Jan. 1 to Dec. 31. 11916 Gross, 37,322,085; rents), 12,299,600
holders receiving an equal number of new $50 shares in place of the old
$100 shares, also out of assets $100 Atlantic Coast Line It Us. common stock
REPO RT.— For new fiscal year ending Dec. 31 1916, in V. 105, p. 2089,
for each $50 s t o c k surrenderwl—see below. V 98, p. 234. 609.
— Years end. June 30--------Years end. Dec. 31—
As to the certificates of Indebtedness, see editorial Oct. 1897. Supple
1917.
1916.
1916.
1915.
ment. p. 3; V. 65, P
V. 71, p. 1310. In 1898 $5,000,000 stook was
distributed as a 100% dividend (V .6 7. P -954) . and In 1900 $10,000,000 4% Gross receipts_________ $40,406,204 S34,445,110 $37,322,085 $31,936,962
certificates of Indebtedness (Including $2,500,000 of Atlantlo Coast Line Oper. exp., taxes, A c . . . 28,785.722 24,606,305 25,915,848 23,751,450
RR. Co.) as a 100% dividend. (V. 71. p . 697; V. 73, p. 493.) As to se
curities pledged to secure equally tho certificates of Indebtedness, see V.
Net earnings............... $11,620,482 $9,838,805 $11,406,237 $8,185,506
17. p. 1310; V. 83. p. 560. Bal. sheet 1914, V. 99. p. 1127.
Other in com e.-.......... 2,245,766
1,770,075
1,996,468
1,548,486
CASH
1'02. *03. '04. '05. ’06. ’07. ’08. ’09. '10. ’ l l . ’ 12 to Dec. 1917. Div. L. & N. sto ck ..(7 % )2 ,570,400 (6)2,203,200 (7)2,570,400 (5)1,836,000
DIVS— % jQ yi 8
8
9 10 10
8
9 10 10
1 2 y r ly (3 Q -M )
Gross income............... $16,436,648 $13,812,080 $15,973,105 $11,569,992
REPO RT.— Fiscal year remains June 30. For year ending June 30 1917.
in V. 105, p. 1613, showed: Receipts, dividends $1,390,181: and interest, lnt. on funded debt___ $5,932,458 S5.744.865 $5,812,267 $5,656,779
72,068
101,791
86,666
116,426
$434,100; total, $1,824,281 (against $1,383,085 In 1915-16); other incomo, Other interest_________
Rentals, &c.....................
285,452
366,531
402,545
368,420
$149,202: expenses and taxes, $46,504; interest charge, $372,672; dividends
Preferred
dlvs.
(5
%
).
..
9,835
9,835
9,835
9,835
(12% ), $1,058,400; bal., sur., $495,907.
Chafrman, itenry Walters.— (V. 103, p. 1504; V. 105, p. 1613; V. 106, Common dividends..(7% )4,729,060 (5)3.377.900 (6)4.053,480 (5)3,377,900
Dlvs.
R.&
I\“
A
"
stock.(7%
)70,000
(5)50,000
(6)60,000
(5)50,000
p. 600.)
ATLANTIC COAST LINE RR.— (Seei M ap.)— Operates from Richmond
Balance, surplus.........$5,337,775 $4,161,158
$5,558,$12 $1,990,632
and Norfolk, Va., on the north, to Fort Myers, Port Tampa and River Jot.,
"O f f i c e r s .— Chairman. Henry Walters; Pres., J. R. Kenly; V .-P .,
Fla., on tho south, and Montgomery .A la ., and Augusta. Ga.. on the west,
Lyman Delano; V.-P., R. A. Brand; Gen. Mgr.. P. R. Albright; V .-P. Sc
reaoblng the ports of Norfolk. Va.; Wilmington. N. C.; Charleston, S. 0 .; Sec.,
llerbort L. Borden; Treas., John T . Reid.— (V.106, p. 601.)
Savannah and Brunswick, Ga., and Jacksonville and Port Tampa, Fla.
ATLANTIC & DANVILLE RY.— (See Map Southern Ru.)— West Nor
Lines owned, &c. {Con.)— Miles.
Lines owned and trackage— Miles.
folk to Danville, Va.. 205.1 miles; three branches, 22.25 miles; James River
Richmond, Va., to Port T a m p a .___ SyiYarJ, Lake near Sanford to
F l a ____
907 __ 8t. Petersburg. Fla_________ 145 Jet. to Claremont (3-ft. gauge), 50.36 m.; total, 277 m. Leased to Southern
Norfolk, Va.. to South Rocky
Pa atk.a. Fla., to Brooksvllle.. 145 R y. from Sept. 1 1899 to July 1 1949 for taxes, repairs, malnt. and cash
M ount..
115 Mtlldale, Fla., to Perry............. 163 rental sufficient to cover lnt. charges, with privilege of renewals for terms of
. 1,809 99 years. In addition the Southern R y. agrees to pay the same rate of divi
Gontcntnea to'wilm lngton___ 105 Branches, Ao...............
Leased—
dends on com. stock as paid on Its own com. stock. V.71,p.447; V.79,p.625.
Wilmington, N. C., to Pee Dee
_
Junction .
97 Central R R . of So. Carolina—
Suit to enforce provisions of lease, V . 95, p. 1600.
Florence, S. C., to Augusta, Ga. 167
BONDS.— Of the $4,425,000 4s of 1900, $500,000 can be Issued only for
L a n e t o S u m t e r S . C ...................
40
12
Improvements upon request of Southern R y., interest charges to be covered
Sumter to Columbia...................
45 O t h e r l i n e s ____________________________
Yadkin Jet. (Wilmington, N.C.)
■
by Increased rental. Of the $1,525,000 second 4s, the remaining $750,000
to Sanford
116
Total In earns. Dec. 31 1916.4,774 were Issued July 1 1909. V. 77. p. 195.— (V. 89. p. 1410: V . 95, p. 1606.)
Waycross, Ga., to Folkston, Ga. 34 Closely allied lines (see each co.)—
ATLANTIC & NORTH CAROLINA RR,— Morehead Cltv to Goldsboro.
Jesup. Ga., to Montgomery, Ala. 355 Louis. A Nash. (Incl. Ga. R R .).7,642 N .O ., 96 miles. State of No. Car. Aug. 1917 owned $1,266,500 of $1,797
Brunswick. Ga., to Albany___ 169 Charleston A Western Carolina. 343 200 stk. V. 90. p. 862, 1088. Leased from Sopt. 1904 to Jan. 1 1996 to
Dupont------------------------------Jet. to Fort Myers, Fla.
349
—
Northwestern R R .of So. C ar..
81 Atlantic Sc North Carolina Co. (the lease being later transferred to Norfolk
Also owns one-sixth Interest In the IUchmond-Washlngton Co. Leases, Southern R R .) for int. on bonds, taxes, A c.. and dlvs. at 3% for 20 years,
jointly with tho Louisville & Nashville R R ., the Georgia R R .. 571 miles.
then Increasing
every 10 years till 5% is reached; thereafter 6% .
In Aug. 1910 & contract was awarded for an extension of the Haines City
DIVS.— ’93. ’94. '95. '96. '97. ’98. ’99. 1900-04. Under leas*
branch from Sebring, Fla., south to Immokalee, 80 miles (of which 20 miles Per cent___ 2
2
0
2
2
2
2
0
as above.
wero built in 1917), with a branch to Moorchaven, 20 miles. V. 103. p. 577.
The 1st 6s are guar. p. & 1. by Norf. So. R R . (V. 105, p. 714).
Tho Tampa Southern RIt. Co., an auxiliary company, in Dec. 1917 let
ATLANTIC QUEBEC & WESTERN R Y .— Paspebiac to Gaspe. Que
contracts for a 50-mile lino from Tampa, via Orient to Palmetto. V. 105,
bec, 102*A miles; trackage, 1J* m. Stock $2,000,000 in $100 shares.
p. 2457.
ORGANIZATION.— On April 18 1900 absorbed by consolidation (V. 701 Tho Interest due July l 1917on 1st M . 5% debenture bonds was not paid,
and tho bondholders agreed to forego all interest during the war except
p. 840. 893), Wilmington & Weldon R R ., Atlantlo Coast Lino RRs. of S. d
See V. 105, p. 616; V. 91, p. 1253.
Chairman Sc
and Va. and Norf. & Car. R R . Florida Southern and Sanford A St. Peters, In so far as earned.
burg wero merged April 1903. V. 76. P. 918. 971. Tho Atlantlo Coast Pres., Earl of Ranfurly, London, Eng.— (V. 105. p. 72, 289, 1616.)
Lino Co. (Of Conn.) June 30 1917 owned $18,590,600 common slockATLANTIC & WESTERN R R — Sanford to LUllngton, N . O., 24 m .;
$17,640,000 having been distributed Mar. 10 1914 among Its stockholders. H. O. Huffor Jr. controls the company. V. 94, p. 1249. Stock, $312,000,
See that co.labovo. V. 70, p. 893; V. 71. p. 1116, 1310;V. 83. p. 560.
par, $100. Bonds Issuable at $12,000 per mile. See table above. ^ F o r
10
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page]
Miles Date
Road Bonds
Avon Geneseo & Mt Morris RR— Stock (see text)____
Baltimore Chesapeake & Atlantic— 1st M Kold.Mp.zo*
Balt tie Cumb Vail Ry— See Western Maryland Ry
B & C V R R Exten—Stock gu ($270,000 carries 7 % ).
Flrst mortgage Interest rental_______________MeBa
Balt & Harrisburg Ry— See Western Maryland Ily
Baltimore & Ohio— Common stock $210,250,000------Pref stock 4% non-cum authorized $60,000,000___
Prior Lien mtge gold (closed) not call___ Ba.xc* Ar
First M gold red at 105 after July 1923.-Us.xo* Ar
SouthwDlv 1st M$45,000.000g........................Fxc* Ar
Pitts June & Mid Dlv $20,000,000 1st M g.Ce.xc* Ar
P L E & W VSys ret g red 100 after 1925.Un.xc* Ar
Convertible bonds redeemable (text)___ Ce.xc*Ar*
Ref&GenM Ser A g (call, all 105 beg’25)yG.c*Ar*
Toledo-Cincinnat Dlv. / Ser. A call 102 Mi - Bayc*Ar*
1st A Ref M tge___ (Ser. B call 105-Bayc*Ar*
Secured notes $7,500,000 due yly; call p a r..U s.c
Secured (6% discount) notes_____________________
Underlying Toledo & Cincinnati Div. Mtge.—
Cln Ham A Dayton 2d (now 1st) mtge g o ld .. Fxc*
General mortgage $7,800,000 gold__________ xc*
Dayton A Michigan (leased) com stock (guar)____
Preferred (8% guaranteed) endorsed_________
1st M gu p & 1 end ext In 1911 red 1 0 2 beg ’ 17-C
Bonds Underlying Pitts June <X Mid Div M 3)4*—
Cent Ohio $2,500,000 con 1st M (1st loan)g MeBa.zc
Pittsburgh Junction 1st M g o ld ___________ Ba.xc*
Pittsburgh Junction 2d M gold___________ Ba.xc*
Bonds Underlying Pittsburgh Lake Erie & West Vir
Clev Lor A Wheel cons M (now 1st) gold. Usin .xo*
General mortgage g redeem 1 0 5 ___________ N.xo
Cons Ref M gold red at 102 )4_____________Eq.xc
Cleveland Term A Valley 1st M gold guar. Ba.xc* Ar
Monongahela Rlv RK 1st M gold, guar I) A O.Ce.xo*
Ohio & Little Kan Ry 1st M $250,000 red 105 g ..z
Ohio River 1st M g_____________________ FP.xo*
General mtge gold 1st on 39 miles___________ xo*
Rav Sp & G1 1st M g guar p & 1_________ FP.xo*
Huntington A Big S 1st M g guar___________ xo*
M u addition $8,711,550 pledged as part collat. for
17.7
88 1894
26.5 1881
__
1.081
1,663
921
379
1,643
__
4,502
text
text
...
____
1898
1898
1899
1898
1901
1913
1915
1917
1917
1917
1918
60
60
__
__
141
1887
1892
1871
1871
1881
Par
Value
Amount
Outstanding
Rate
$100
1.000
$225,000
1.260,000
3)4
52
50
1,000
890,600
230,000
5 A 7
0
When
Payable
1,000
1.000
50
50
1,000
2 .000.000
3,000,000
2,396,950
1,211,250
2,728.000
Last Dividend
and Maturity
Places Where Interest ant
Dividends are Payable
J A
M A
J July 1 1917 1 % Erie Railroad. New York
S Sept 1 1934
Phlla and New York
J
J
J Jan. 11918
J July 1 1931
A
A
100 151,945,618 5 In 1917 M A
100 58,863,179 4 In 1917 M &
500 &c 74.895.400
3)4 g J A
500 &c 81.996.000
4g
A A
500 Ac 44,840,98.)
3H g J
500 Ac 66,055,950
c
3)4 g
1,000 42.525,000
42 M A
500 &c 63.250.000
4)4 g M &
71,500,000
5g J A
100 Ac 11,151,400
4g
J A
100 Ac 5,000,000
J A
5g
1,000 15,000.000
5g J A
8 ,000,000
s Mch 1 1918 2)4
vS Mch 1 1918 3%
J1l July 1 1925
oil July l 1948
Jll July 1 1925
Nov 11925
N Nov 1 1941
s Mch 1 1933
D Dec 1 1995
J July l 1959
J July 1 1959
J July 1 1918-19
■Tillv 29 1018
Company’s office, N . Y.
Nat Bk Commerce N .Y .
Co’S Office, 2 Wall St.NY
do
do
do
do
do
do
0o'« office, 2 Wall St, NY
do
do
do
do
do
do
do
do
C o's offico, 2 Wall St,NY
do
do
U S Mtge & Tr Co, N Y
J P Morgan A Co, N Y
4)4 g J A J Jan 1 1937
Kuhn Loeb A Co,, N Y
5 g J A 1> June 1 1942
3)4 A & () Oct 1 1917, Wx Cincinnati, Ohio
8
do
u— J Jan 1 1918. 2%
J A J Jan 1 1931
J P Morgan A Co, N Y
4)4
143 1886
1,000 1,009.000
Office, 2 Wall St. N Y
4)4 2 M A S Sept 1 1930
6 1882
1.000
a934,000
6 2 J A J July 1 1922
do
do
6 1894
1,000
O243.000
6 2 J A J July 1 1922
do
do
ginia 4*—
19S 1893
1,000 5.000,000
52
A A o Oot 1 1933
do
do
198 1896
1,000
890,000
5 2 J A D June 1 1936
do
do
198 1900
1,000
894.000
do
do
4)4 2 ,T <5c J Jan 1 1930
83 1895
1,000 3.301.000
A
N Nov 1 1995
42 M
do
do
37 1889
1,000
695,000
5 2 F A A Feb 11919
do
do
72 1900
1,00(1
225.000
5 2 M A S Mch 1 1950
do
do
166 18S6
1,000 2,000,000
5 2 J A n June 1 1936
do
do
208 1887
1,000 2,911,000
A A o Apr 1 1937
do
do
52
33 1890
1,000
344.000
do
do
6 2 F A A Aug 1 1920
11 1892
1,000
296,000
do
do
6 2 J A J July 1 1922
Pitts. L- E. A W.Va. ^Sys. 4s.
CCoups. M• A N .; reg. lnt. Q ,-F.
Ti Reg lnt. Q.-J
ear 1915-16, gross, $50,223; net, $20,278: charges, $18,919; bal., sur.,
1,359. In 1914-15. gross, $45,919; net, $16,546. Pres., II. O. iluffer
Jr., Baltimore, M d.; Sec. & Tr a)., Wm. C. Cooke.— (V. 95, p. 1038.)
AUGUSTA & SAVANNAH RR.— Mlllen to Augusta, Ga.. 53 miles. Ir
1895 re-leased to Cent, of Ga. for 101 yrs. at 5% on stock.— (V. 106. p. 709.)
AUGUSTA SOUTHERN R R .— Owns from Augusta to Tennille, G a.,
82.5 miles. Tho Southern Ryi In March 1917 sold its majority Interest to
Georgia & Florida R R . (which see). V. 73, p. 343. Com. stock. $400,000;
pref., $350,000; par, $100. Year ending Dec. 31 1916, gross, $181,830;
net, $28,091; other Income, $12,304; rentals, $42,921; bal., def., $2,526.
Pres., Franklin Q. Brown o f Redmond & C o., N. Y .— (V. 106, p. 709.)
AUGUSTA UNION STATION CO.— Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter under theli
operating contract providing for Interest on the bonds and 4% dividends on
stock
Stock, $75,000 (25% paid In). held equally by Southern R y ., Atlan
tic Coast Lino UR. and lessees of Georgia RR. V. 78, p. 2333; V. 79, p. 500.
Pres., Chas. A. Wlckersham; Sec., W. H. Vincent. — (V. 82, p. 48.)
AVON GENESEO & MT. MORRIS RR.— Mt.Morris to Avon. N .Y ., 17.7
miles. Leased to Erie R R . Feb. 26 1896 In perpetuity: rental (after 1911),
3)4% on stock.— (See V. 63. p. 512; V . 62. p. 318, 589.)
BALTIMORE CHESAPEAKE & ATLANTIC RY.— Owns Claiborne to
Ocean City, M d., 87.06 m.; Salisbury, M d.. to Fulton, 0.55 m.: from Clai
borne to Baltimore, 44 m. transfer Is made by water: steamer lines owned.
1.134 m ' total of all, 1,221.61 miles. The Penna. and allied cos.own all
the $1 (>00.000 common and 95% of the $l,.'itj0,000 5% cum. pref. stock.
V. 92, p. 52 593. Div. on pref., 2% Mar. 1 1905; in 1906, M ar., 3% ;
Oct.. 2% ; In 1907. Mar., 3% ; Sept., 2% ; in 1908, Oct.. 2% ; 1910, Jan., 5% ;
8ept. 2% ; 1911. Jan. 31. 3% ; Mar. 31. 2% ; Oct. 2, 3% ; 1912. July 1,
2 ) i % ’ none since to Oct. 1 1917.
The stockholders voted on Jan. 26 1905 to acquire a majority of the stock
of the Maryland Delaware & Virginia R y., 77 m ., and guarantee $2,000,
000 of Its tlrst rntge. bonds. See that, co., V. 80, p 116. 1058.
In cal. year 1917, gross. $1,281,364; [net. $79,837: other Income, $8,
093; chgs., $222,587; def., $134,657.— V .'.102, p. 1539; V. 105, p. 496, 605.
BALTIMORE & CUMBERLAND VALLEY RR. EXTENSION— Waynes
boro to Shlppensburg, Pa., 26.52 miles. Leased to Western Maryland R R .
for 50 years from July 1 1881, with privilege of renewal, for lnt. on bonds
•nd dividend on stock, amounting In all to $38,730.— (V. 75, p. 665.)
BALTIMORE & OHIO RR.— (See M ap.)— ROAD.— Operates from Balti
more to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis;
total mileage leased, owned and operated on Dec. 31 1916, 4,545 m. “ Royal
Blue Line” (see Central R R . of N. J.) gives access to New York.
The purchaso of tho Cln. Hamilton A Dayton main lino, &c., on July
19 1917 (see “ Bonds” below) added 394 miles to road operated.
The system embraces, subject to mortgages, the following lines:
Pr.lien 3)4% M .— (1.081m.)Miles. xPittsb. Cleveland & Tol. Br__
48
Balt.to Wheeling, Belpre.O., Ao. 750 xPlttsb. Palnesv. A Fair. B r._
50
Oumb. to Plttsb. A W ., Ac____ 331 x Eastern Ohio B r____________
17
ls< Mtge. 4 % — (5S2 miles)—
xTrumbull A Mahoning_______
9
Balt, to Phlla. and branches__ 133 Monongahela River B r________
37
Chicago, 111., to Akron, O h io.. 364 xClev. Terminal A Valley_____
83
Branches to Fairmont,W.Va.,Ao. 85 xCleve. Lorain & W hecllngB r..
South W. Div. 3)4% M .—
Wheeling to Cleveland, & o.. 198
Belpre, 0.,vla Clno. to St.L., Ac. 921 xOhlo River Lines—
264
Pitts. Jet. 3 W% M — (379 miles)
West Virginia Short Line Br___
62
Bellaire to Midland City, Ohio)
xOhlo A Little Kanawha Br__
72
Shawnee to Sandusky, O h io ../ 373 xMahonlng Valley Western Br_
43
Pittsburgh Junction R R ______
6 Toledo Division______________ 394
P .L .E .& W .V .S ysA % M .C l,643m .)
West Virginia A Pittsburgh__ 177 Total of all (addlngO.H.&IJ.nnd
Pittsburgh A Western________ 204
other lines Incl. In Inc. acct. 4,939
Includes 379 m.. also covered by Pitts. Jet. 1st M. a See this company.
x Tho company has purchased these linos.
Owns B. A O. Chic. Term. R R ., $8,000,000 stock and $32,000,000 of its
4% bonds. See below. Sandy Valley & Elkhorn Ry. SeoV. 100, p.307.
HISTORY.— Receivers were appointed in Feb. 1896, but In 1899 reor
ganized without foreclosure, per plan In V. 66, p. 1235. See also V. 67.
p. 688. 1206, 1356; V. 95, p. 681, 1121, 1744; V. 96, p. 134; V. 97. p. 363.
Control of the Cincinnati Hamilton & Dayton.— As to tho readjustment
Pres. Daniel Willard, Oct. 26 1916 (V. 103, p. 1991), said: “ A conservative
estimate places the value of the securities or the Now Co. which your com
pany Is to receive under the plan at $25,000,000. Tho operations of the
properties embraced in the plan for tho year ended Juno 30 1916 show a sur
plus available for rentals and interest In excess o f $1,800,000. Deducting
Interest charges on the $16,250,450 of new Baltimore & Ohio Division bonds
to be Issued under tho plan and the rentals and Interest charges on under
lying securities which are not disturbed, would leave a balance of over
$600,000, and It Is anticipated that somewhat larger earnings will accrue.”
READING CO., Ac.— In 1901 $68,565,000 (virtual control) of the $140,
000,000 Reading Co. stock, consisting of $12,130,000 1st pref., $28,530,000
2d pref. and $27,905,000 com., was acquired jointly with tho New York
Central R R ., each co..taking one-half, but in 1904 each sold $3,950,000
of the common. V. 76, p. 101: V. 80, p. 1856.
STOCK.— Pref. stock, see V. 71. p. 1166, 1143; V. 72, p. 1186.
DIVS.— 1900. 1901-’04. 1905. 1906. 1907-’ 14. 1915 to Mar. 1918 incl.
Com. (% ). 2
4 yrly. 4)4
5)4
6 yrly.
5% yrly. (2)4 M . A S.)
Preferred . 4
4 yrly. 4
4
4 yrly. 4% yrly. (2
M . A S.)
The directors on Jan. 16 1918 declared tho usual somi-annual dividends,
payable March 1; the preferred dividend, 2% “ from tho net earnings for
tho six months ending Doc. 31 1917," the common dlvidond, 2 ) 4%, from
tho surplus earnings of thocompany.See full statement V.
106, p. 295.
BONDS.— (i) Prior Lien 3 )4 % , a first lien on main line and branches,
Parkersburg branch and Pittsburgh division, about 1.081 miles of first track
and 1,715 miles of second, third and fourth tracks and sidings, and also all
f
%
[Vol. 106.
the equipment now or hereafter acquired. Total auth., $75,000,000. See
application to list. V. 69. p. 30; V. 78. p. 1906; V. 86. p. 1528; V. 86, p. 36.
(2)
First M . 4% Bonds. Due July 1 1948; a first Hen on the Philadelphia.
Chicago and Akron divisions and branches and the Fairmont Morgantown A
Pittsburgh R R ., covering about 582 miles of Qrst track and about 860 miles
of second, third and fourth tracks and sidings; also on tho properties covered
by the B. & O. Term. Mtge. of 1894, all owned by the B. A O. and Balti
more Belt R R . Also a lion, subject to prior mtge., upon main lino, &c.
V. 69. p. 30; V. 79, p. 211; V. 97, p. 297, 594; V. 102, p. 1435.
Total issue closed at $82,000,000 (V. 104, p. 1044). except for $75,000,000
reserved to retire prior lien bonds In 1025.
(3) Southwestern Division 1st M . 3)4*. Virtually a first Hen
upon former B. A O. 8 . W. system, 921 miles of 1st track and
560 miles of 2d track and sidings. All Issued______________ 45,000,000
(4) B . O., Pittsb. Jet. & Mid. Div. 3 )4* • Expected to be ul
timately a first lien upon the railroads of the Central Ohio
system and Pitts. Jet. RR. Co., 379 miles In all. Total___ $20,000,000
$6,055,950 is in hands of the public and $8,711,550 pledged under Pitts.
Lake Erie & W. Va. 4s. Closed except to retire underlying bonds, see table.
(5)
Pittsburgh Lake Erie A West Virginia System mtge. refunding 4% gold
bonds (authorized amount $75,000,000) are a lion on 1,643 miles,
forming a direct connection with Pittsburgh, Cleveland, Falrport, Lorain
and Sandusky, subject to underlying bonds outstanding thereon (see table
above). In June 1917 $3 1,021,5fio additional underlying bonds, including
$8,711,550 Plttsb. June. & Middle Dlv. 3 )4s, were held in trust as part se
curity. Tho unissued bonds are reserved to retire underlying bonds.
V. 74, p. 266; V. 79, p. 2793; V. 80, p. 1423; V. 86. p. 479, 1528; V. 87.
p. 36; V. 88, p. 451, 685. The $650,000 Pitts. & West. 1st consol 4s were
redeemed July 1 1917. V. 105, p. 715.
(7)
Convertible 20-year 4)4s $63,250,000, dated March 1 1913, will
be convertible Into common stock up to Feb. 28 1923 at $110 per
share and redeemable beginning March 1 1923 at 102)4. These 4)4s are
secured by the new blanket mortgage below described pari passu with the
new bonds. See V. 96. p. 134. 200. 651. 715, 1088, 1421; V. 97. p. 727.
Schuylkill River East Side 4s. V. 77. p. 1745; V. 81, p. 727.
(8) Refunding & General Mortgage of 1915 due Dec. 1 1995 (V. 101, p. 1884).
Tho Initial $60,000,000 5% bonds of this Issue was brought out In Dec.
1915 by Kuhn, Loeb A Co. and Speyer A Co. See below; also V. 101, p.
1884; V. 102, p. 975; V. 103, p. 1989. In Jan. 1918 applied to Ohio P. U.
Commission for authority to issue an additional $11,500,000, but with no
immediate Intention, it is said, of selling same. V. 106, p. 394.
Security.— Secured on practically ontire system, 4,502 miles of first track,
and equipment or interest therein, having in 1915 a not value of over
$79,000,000. Also covers the passenger and freight terminals in Philadelhla, Baltimore. Pittsburgh and Chicago and the freight terminals on
taten Island, N. Y ., In Cincinnati and Washington, as well as one-half
stock interest in the Washington Terminal Co. and one-half ownership
of joint yards at Washington. A direct lien upon about 2,283 miles of first
track, and a lien, through the deposit of bonds, and In most cases all. and
in no case less than 96% of stock, of tho co. owning remaining mileago.
Reservation of Bonds.— The mortgage reserves bonds to retire about $282,
000,000 prior liens on various parts of the system and the $63,250,000 con
vertible gold bonds (these last being socured by tho new mortgage pari
passu with the bonds issued thereunder] and provides for tho reservation of
bonds for construction, Improvements, new equipment and tho acquisition,
directly or Indirectly, of properties and securities. Tho right Is resorved to
refund the Prior Lien 3)4s into 1st M . 4s of 1898 duo 1948, and to extend
the duo date of the S. W . Dlv. 3)4s to date not later than July 1 1950.
The authorized issue is limited to an amount which, together with all the
prior debts of the Railroad Co., after deducting therefrom tho bonds re
served under the provisions of tho mortgage to retire prior debts at maturity,
shall not exceed 3 times tho then outstanding capital stock, with tho addi
tional limitation that when the aggregate amount of tho bonds outstanding
and the bonds reserved to retire prior debts shall bo $600,000,000, no addl
tional amount of bonds shall thereafter bo Issued, except the bonds so re
served to retire prior debt, without tho further consont of tho stockholders
of the railroad company, and such additional bonds may be Issued only to
an amount not exceeding 80% of cost of work done or property acquired.
Toledo-Cincinnati Division Bonds.— In July 1917, following foreclosure
sales, 394 miles of the former Cincinnati Hamilton A Dayton Rv. Systom
was reorganized per plan In V. 102, p. 1059; V. 105, p. 715, 908, as the
Toledo & Cincinnati R R . C o., whoso outstanding securities ($5,000,000
capital stock, $16,250,500 First A Ref. Mtge. bonds and $20,000,000 Ad
justment A Improvement bonds) were then acquired by tho B. & O. R R .
The aforesaid 394 miles embrace: Main lino Cincinnati to Toledo, 201 miles,
including 141 miles leased from Dayton & Michigan R R . (a very profitable
lease; see caption of that company); Tontogany to North Baltimore, 19
miles; Deshler to Findlay, 18 miles; Hamilton to East Middleton, 13 miles;
P iquatoTroy. 8 miles; Dayton to Ironton Jet., 123 miles; other, 12 miles.
The B. A O. RIt. having acquired all tho securities Issued by the Toledo
& Cincinnati R R ., made a deed of trust covering tho same to secure not
exceeding $35,000,000 collateral bonds, which aro intended ultimately to
be made as far as possible a direct lien on this division. Of these new B. A
O. bonds, $11,250,450 of 4% and $5,000,000 of 5% wore issued forthwith
under the plan. Tho remainder were reserved to rotiro at maturity or
earlier tho bonds undisturbed by tho plan as shown in table abovo, or for
acquisition of underlying stocks, branch lines, branch lino bonds, aid for
refunding additions and betterments, or to acqulro First A Ref. Mtge.
bonds of now company issued therefore. V. 105, p. 2364.
NOTES.— In June 1917 sold $15,000,000 5% secured gold notes
$7,500,000 Series A, maturing July 1 1918, and $7,500,000 Series B, ma
turing July 1 1919, either series being callable at par. Security, subject to
withdrawal as the notes are paid (but total market valuo never to bo less
than 120% of notes outstanding, included in Juno 1917 (a) B. A O. R R .
Ref. A Gen. Mtgo. 5% gold bonds duo 1995, $10,000,000; (6) Reading
Company stock ($3,000,000 first pref., $3,000,000 2d pref. and $3,000,000
common stock), total par value $9,000,000, with the privilege of substitut
ing additional Ref. A Gen. Mtge. bonds for Reading stocks. V. 104, p.1260.
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BRUNSWICK
Baltimore £ Ohio R.R.
Baltimore a Ohio Southwestern R.R.
Baltimore 8 Ohio Chicago Terminal R. R.Ca
Cincinnati. Hamilton a Dayton Ry. Co
and Connections
12
R A IL W A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , <f e e . , s e e n o te s o n f i r s t p a g e ]
Balt & O h io (Concl)— Plttsb Cl & Tol 1st M g ------x
Ellwood Short Lino 1st mtge gold______________ Gx
W Va A P 1st M g 5s scaled, red at p a r.. Me.Ra.xo*
Equlpbdsdue$ 1.000.000 yly g zu (V94p349) O Pxo* &r
do due $1,000,000 yrly (V 97. P 802)-G P .xc*
do duo $500,000 yrly call 102)4.............GPc*
do due $1,000,000 yrly call 1 0 2 > 4 -g --G P y c*
Leased Lines and Other Securities—
Schuylkill River E S RR 1st M g guar p & lendor.x
Staten Island Ry 1st mtge $1,000,000 g o ld .. Ba.zo*
Hampshire So 1st M gold_______________________ Jamison O & O Co car trusts duo $100,000 each
M ay 1 B & O guar_____________________ UPiB a i t & Ohio Chic Term RR— Ch&GtW IstM gass’d .vk
City ot Chicago purchase money mtge assumed-----First mortgage $50,000,000authorized---------------- x
Baltimore & Potomac—See Phlla Balt A Washington.
Bangor & A roostook— Common stock----------Pref stock 7% cum §10,000,000 autli-----------First mortgage ($16,000 per mile) gold------G.xxo*
Second mortgage gold_____________________UsmxX
First mtge Piscataquis Dlv $1,500,000 g -.G .x x c*
V Bur Ext 1st M $500,000 g (V 69, p 952)-G.xxo*
Aroostook Northern 1st M $225,000 gold . -Q.xxo
Car trust Ser E-F $19,000 or §20,000 yearly.
Guaranteed by Bangor <%Aroostook
Bay of Q ulnte Ry— 1st M gold s f red 105 text—
Beaum’t Cc Ut (Nor— 1st M g $17,500 pm red 102 H -Beech Creek— Stock (guar 4% by endorsem ent)...
M ile s
R oad
D a te
B onds
48 1882
3 1892
177 1890
1912
1913
1916
__ 1917
A m ount
O u ts ta n d in g
Par
V a lu e
§ 1,000
$441,000
300.000
1,000
1,000 3,864.000
1,000 5.000.000
5,970.000
1,000
4.500.000
1,000
1,000 10,000,000
9 1903
13 1893
37 1909
1,000
1,000
500
1916
1886
1888
1910
1,000
__
211
211
77
33
15)4
412
28
55
80
1893
1895
1899
1899
1897
1901
1907
1909
1909
’ 11-15
100
100
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
5.000.000
511,000
5.000
' •*Total gross_________ $61,170,348$116,968,882$111,668,6S0,'$91.815,798
Operating expenses_____ 46,723,726 a 84,460,293 ... 79,319,804Si.63,925,508
Net earnings...............§14,446,622J832,508,589 $32,34S,876J$27,890,290
Oper. inc. (after taxes).$12,359,523 §28,465,598 $28,639,064 $24,581,697
Other income................ 2,858,716
6,089,680
5,844,375
5,260,848
Total net income___ §15,218,239 $34,555,277 $34,483,439’'S29,842,545
Interest, rents, A c_____§11,129,351 $21,991,916 $20,867,223 $19,119,297
Pref. divs. (4% p. a .) .. 1,177,264
2,354,527
2,354,527
2,354.521
Com. divs. (5% p. a .) .. 3,798,524
7,597,225
7,597,226
7,597,253
%
W h en
P a y a b le
L a s t D iv id e n d
an d M a tu rity
O Oet 1 1922
J Jan 1 1922
Apr 1 1990
To Feb 1 1922
To April 1 1923
May 1918 to ’26
Apr 1 1918 to 27
6g
5g
4g
A
J
A
e F
4)4 A
4)4 M
4)4 e A
A
&
A
As
&
A
A
4g J
4)4 g J
J
5
& D June 11925
& D June 11943
& J July-1 1934
o
A
O
N
O
P la c e s W h e r e I n te r e s t a n j
D iv id e n d s a r e P a y a b le
Office, 2 Wall St, N Y
Co’s office, 2 Wall St. NX
do
do
Girard Trust Co, Phlla
do
do
New York
do
do
518 Walnut St, Phlla
17 State St, New York
N Y , Farm L & Tr Co
400,000
4)4 M & N May 1918 to ’21 Union Tr Co, Pitts, Pa
Bankers Trust Co, N Y
& D June 1 1936
394.000
5g J
To City of Chicago
M & N May 1 1938
650,000
5
Apr
1
1960
&
O
A
32,000,000 B & O R R
3,860.000 See text
7
3,480,000
3,360.000
5g
26,000
5g
1,500.000
5B
600,000
6g
225,000
6e
6,331.000
4g
1,000,000
5g
5g
1,618,000
5
1,632,00(1
107,000
5
1,000 4,743,000
54 1905
250.000
1,000
1914
100,000
1,000
16 1889
200,000
1,000
10 1893
980,000
1,000
1902
883,000
1.000
49 1909
6,000.00(1
50
164
1,000
5.000,000
164 1886
1,000.000
1.000
164 1892
Bosto n atLe e, Higgin son & Co.
Equipment bonds of 1915, seoiV- 102, p. 2341 ;?V. 103,!p. 144. Equip
ment trusts o f 1917, V. 104, p. 1386. Jamison,C..& C. Co. car trusts,
guar. p. & i. by B. & O.; V. 103, p. 410.
FINANCES.— As to equipment bonds of 1917, see V. 104, p. 1386.
In Juno 1917 sold §15,000,000 5% Secured Gold Notes; seo above.
In Feb. 1918.i'sold §8,000,000 of 6 mos.secured notes, duo July 29 1918,
at 6 % discount; donom. §25,000, secured by deposit of Reading Co. com
mon and 2d pref. stock with 20% margin. V. 106, p. 497, 606.
The regular 2)4% dividend on common stock payable Mar. 1 1918 was
declared Jan. 16 1918 out of accumulated surplus. The statement of the
6 mos.’ operations considered at the directors’ meeting, based on actual
figures for 5 mos., and estimated figures for December showed a deficit
for the period of about 1 % and for the year a deficit of approximately 1 )4 % •
For the year 1917 tho total gross earnings were §133,662,126, an increase
of §11,868,284, but the expenses, owing to increased cost of labor and ma
terials, showed an increase of $15,669,089, so that after deducting taxes
&c., §4,477,310, the railway operating income was §25,735,571, or a decrease
of §4,068,515, and tho final not income of §7,695,550 showed a decrease
of $5,488,840. Compare V. 106, p. 295.
EARN ING S.— 12 m os.,/ 1917.Gross, §133,613,321; net (be- $30,589,108
Jan. 1 to Dec. 31.
\1916.Gross, 121,793,843; fore tax.) 34,013,689
(Dec. 1917 partly est.) Above includes Toledo Div. figures from July 19
1916 (not 1917).
RE PO RT.— For year 1915-16, V. 103, p. 1976, 1988; cal. year 1916,
V. 105, p. 601. 6 mos. to June 30 1917, V. 105, p. 2364. Approx, results
1917. see "Finances.” President Willard as to rate situation, N ov. 1917,
V. 165, p. 1861. Year now ends Dec. 31.
„
6 mos. to
Cal. Yaer — Years end. June 30—
1916.
1916.
1915.
*
Jun, 30 ’ 17.
4,545 N ot stated
4,535
________
Miles_________________
Freight..........................S 4 8 ,034,336 91.891,921 $88,476,032 ^§70,780,808
Passenger____________
8,094,156 26,169,173 14,971,472 14,059,940
8,907,788
8,221,176 ____________
6,975,048
Mail, express, &c______ 6,041.856
R a te
[ V o l . 106.
5z
6g
5
5
6 ti
5k
4
4Z
5c
& O Oct 1 1917 2%
& o Oct 1 1917 3)4
A J Jan 1 1943
& J July 1 1945
A & o Jan 1 1943
A As o Jan 1 1943
A As o Oct 1 1947
J cC J July 1 1951
M As N May 1 1937
F A A Aug 1 1939
F A A Aug 1 1939
semi-ann To 1921-1925
Checks mailed
do
do
Guar Trust Co, New York
do
do
do
do
do
do
do
do
Seo “ x” below
Leo Higginson & Co.Bost
Brown Bros & Co, N Y
do
do
PennCo for Ins,&c,Phlla
A As O Apr 11935
M & s Sept 1 1934
As D June 1 1919
A As O Apr 1 1923
J & J2 Jan 21927
J A J July 1 1939
Q - -J Jan 2 1918 1%
ft J July 1 1930
J
J A J July 1 1930
Brown Bros & C o, N Y
do
do
60 Church St, New York
do
do
Can Bk of Com , T or-N Y
61 Broadway, New York
Grand Cent Terminal, NY
do
do
do
do
A
A
J
J
J
aoqulre such controlled roads: $3,000,000 for Improvements oyer a series
of years and $4,500,000 for extensions at $25,000 per mile. Including equip
ment. V. 73. p. 286, 896: V . 74, p. 93. , The Northern Maine Seaport
bonds ($5,000,000 auth.) are guar. p. A L. In hands of public, $4,743,000.
V. 81, p. 265: V. 82. p. 392; V. 84, p. 391, 692; form of guar., V. 81, P-727.
Van Huron Bridge Co. bonds are callablo at 110 A int. V. 100, p. 311.
The St. John River Extension 1st 5s of 1909 ($1,800,000 auth. Issue),
guaranteed, prln. A lnt., were Issued at $30,000 per mile. V . 93, p. 939.
Tho Aroostook Construction C o., which owns control, had outstanding
In Oct. 1917 §1,000.000 5% 2-year collateral gold notes duo M ay 1 1919.
V. 104, p. 1803; V. 94, p. 1382: V. 95, p. 237.
LATEST EARNINGS.— (1917-Gross, $4,045,181; net (aft. §1,291,980
11 mos., Jan. 1 to Nov. 30.\l916.Gross, 3,675,194; rents),
1,337,224
R EPO RT.— Fiscal year now ends Dec. 31. For 1916, see V. 104, p.1696.
Cal.
Operating Net, A c.,
Other
Bond
Dividends Balance,
Year. Revenue, aft. Taxes. Income. Int., Ac.
Paid.
Surplus.
1916—.$4,013,408 $1,412,067 $336,511 $1,252,560 (3)$103,458 8392,554
1915—
3,748,080 1.296,073 204,529 1,253,559 (3) 103.458 143,585
Pres., Percy R. Todd; Treas., W. F. Cram.— (V. 106, p. 601.)
BATH & HAMMONDS PORT R R .— Bath, N . Y .; to nammondsport.
N Y .. 10 S ilos; Control acquired by Erie RR. in 1908. Stock. $100,000.
For cal. year 1916. gross, §38,332; not, §7,014; othor Income, §226;ln t..
rentals, A c., $18,506; bal., def., §11,266.— (V. 79, p. 1954.)
BAY OP QUINTE R Y .— Owned Dcsoronto to Sydenham, 25 miles;
which was rebuilt with some changes in line and usod as O. N. R y. main
line between Toronto and Ottawa; Yarker to Bannockburn; 55 miles.
In 1912 Canadian Northern Railway acquired control. V. 98, p.
1601. Stock, com ., §930.000; pref., 6 % non-cum.. $465,000; par. $50.
Divs. on com. 1907 and 1908, 3% ; prof., 6% . Cum. sinking fund, $10,000
yearly to redeem each 5 years $50,000 bonds by lot at 105; 850,000 retired
in 1907 and 1912. Office, Toronto, Ont.— (V. 104, p. 255.)
BEAUMONT & GREAT NORTHERN R R .— Owns Livingston, T ex.,
to Weldon, 49.3 miles. Stock, $50,000, all acquired in 1912 by Missouri
Kansas A Texas R y., which guaranteed the bonds, principal and Interest,
M . K. & T . R y. of Texas leases road for 99 years from M ay 1 1914 ana
has authority to purchase the same, Ac. V . 95, p. 1121; V . 98, p. 999.
BEECH CREEK R R .— (See Maps Neu> York Central Lines.)— ROAD.
Jersey Shore. Pennsylvania, to Mahaffey. 112 in.; branches to Phillipsburg.
to mines, &c.. 52 m.; total. 164 miles. Leased in 1890 to N. Y . Central A
H .R . R R . for 999 years at Int. on bonds and 4% on stock. V. 68. p .
872. Carries mostly coal and coke. Seo (guaranty, V. 52, p. 570. The
bonds are endorsed with N. Y. (Central’s guaranty of prln. & Int. See
V. 52, p. 570. Assumed by N. Y . Central on consolidation, Dec. 23 1914,
Guarantees Interest on $717,700 Clearfield Bituminous Coal 1st 4s duo
Jan. 1 1910— seo that co. under “ Industrials.” - -(V. 100, p. 497.)
BEECH CREEK EXTENSION R R .— (See Maps N . Y. Central Lines.)
—Clearfield, Pa., to Keating, 52.14 in.; Curry to Curwensvllle, 15.77 m.)
DFueling to Irvona, 26.76 m.; Mahaffoy to Arcadia, 13.67 m.; branches.
27.02 miles; total. 135.36 miles. A low-grade coal line, leased to N . Y .
Central & II. R. R R . (which owns entlro §5,179,000 stock and §3,964,000
consol. 4s) for 999 years from Juno 1 1905, bonds being guar., p. & 1. Of the
consols, $3,500,000 is reserved to retire, $ for $, old bonds. V. 80, p. 1174,
1479; V^. 81, p. 30; form of guaranty, V. 82, p. 1267. Assumed by N . Y .
Central on consolidation, Dec. 23 1914.— (V. 82, p. 1267.)
BELLINGHAAV & NORTHERN R Y .— See page 212.
B E L T LINE R Y . O F MONTGOMERY.— O w n s real estate a n d a b e l t l i n e
In Montgomery, Ala., about 1 mile of track on Tallapoosa, Bell, Perry a n d
Columbus streets. Atlantic Coast Line R R . pays an annual rental equal to
bond interest and dltference between taxes. Insurance and oost of operation
and gross earnings from others than the Atlantio Coast Line. Atlantlo
Coast Lino RR. owns entiro issue of $200,000 stock; par, $100. V . 92,jp.
1242; V. 93,p. 43. Year ending Dec. 31 1916, gross, §19,161; net, $12,250;
int. on bonds, $12,250; bal., nono.— (V. 93, p. 43.)
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.— Own* 14
miles of belt road. Ao. Leased for 999 years to Ind. Union— which see.
DIVIDENDS— Com. (1908. ’ 09. ’ 10. 1911. ’ 12. ’ 13. ’ 14. ’ 16.
’ 16.
Since 1907.....................% t 12
6
6 3A50atk 10 13 14 13
20
In 1917, Jan., 6 %; April, 3% ; July, 4% ; Oct., 3% ; 1918, Jan., 6 %.
Mortgage trustee, Union Trust C o., Indianapolis. V. 89, p- 40; v . 92.
Pres., S. E. Rauh, Indianapolis, Ind.— (V. 102, p. 1249; V. 106, p. 394.)
BELT RAILWAY (OF CHATTANOOGA)— Owns 49 miles of belt
railroad In Chattanooga, Teun. V. 67. p. 72.
Leased till July 1 1945 to Alabama Great Southern R R .; rental guaran
teed to meet Interest on first mtge. bonds, taxes and maintenance. STOCK
is $300,000.owned by Alabama Great So. R R . There are also $24,000 2nd
income M . 4s (tax-free), due 1945. red. at par, int. at 4% paid in full to 1910.
BELVIDERE DELAWARE RR.— Owns from Trenton. N. J.. to Manunka Chunk, N. J., 67 miles; Flemlngton R R „ Ao.. 13 miles; total oper
ated, 80 miles. Leased to United Companies, and transferred to Pennsyl
vania R R . March 7 1876. Net earnings paid as rental.
Dividends.— 1897 to 1905. 5% yearly: 1900 to 1911. 10% yearly; 1912.
7% ; 1913, 6%; 1914, none; 1915 to 1917, 4% yearly.
BONDS.— All of the outstanding bonds are secured b y t h e c o n s o l i d a t e d
mortgage of 1875 for $4,000,000; sinking fund, 1% of outstanding b o n d s II
earned. The issues of 1885. 1887 and 1903 are guaranteed b y t h e U n i t e d
New Jersey RR. A Canal Co. Guaranty, V. 76, p. 918.
B alan ce.......................def$886.949S.$2.611,609sur$3,664,463 sur$77l,474
Executive Committee— Daniel Willard, Chairman; Pres., Daniel Willard;
Vice-Presidents, G. M . Shrlvcr, Arthur W . Thompson, J. M . Davis and
F. O. Batchelder; Treas., E. M . Devereux; Sec., O. W. Woolford.
Directors.— R. Brent Koyser; Robort Garrett and Hugh L. Bond Jr.,
Baltimore; John G. Shedd, Chicago: Felix M . Warburg, James Speyer,
W . Averill Harriman, L. F. Loree, Charles A. Peabody, John R. Morron,
N. Y .; J. G. Schmidlapp, Cincinnati, and F. H. Goff, Cleveland. Office,
2 Wall St.— (V. 106, p. 85, 295, 394. 497, 606.)
BALTIMORE & OHIO CHICAGO TERMINAL RR.— Property con
sists of passenger and freight terminals in city of Chicago, lines of railway
leading thereto and a belt line around the city: also 760 acres of land In
and adjacent to the city, of which 50 acres are in the centre of the business
district; also Includes 7.500 feet of dock property on Chicago River. Nearly
all land, including that upon which tracks nave been built, is owned in fee;
Track owned, 83.09 m.; trackage, 32.64 in.; total, 43.75 m.; 2d track,
43.75 m.; sidings, 131 m. Total mileage operated, 290 miles.
H ISTORY.— Successor to .Chicago Terminal Transfer R R ., foreclosed In
1910. V. 90. p. 166. 108. 235. 625. Stock. $8,000,000. all owned by B.&O.
TEN AN TS.— Balt. & Ohio, Chicago Great Western. Chicago Hammond
& Western Ry. (Indiana Harbor Belt). Suburban R R . (Chicago & West
Towns), Pere Marquette, Ch. Terre Haute & S. E. Ry. and Mlnneap. St.
Paul & Sault Ste. M . V. 77, p. 948, 2158; V. 79, p. 901; V. 96, p. 486.
Total minimum rentals from tenants, $1,105,325 annually. V. 79, p.2084.
BONDS.— Of tho 1st M . bonds of 1910, the $32,000,000 outstanding are
owned by B. & O. RIt. and pledged under its Mtgo. V. 90, p. 1295.
EARNS.—
Gross.
Net.
Other Inc. lnt.,Rents,Ac. Balance.
1917...............$1,910,003def$342,142 $1,522,210 §1,590,856 def§410,788
1916............... 1,862,357
90,264
1,493,061
1,608,594 def25,269
1915............... 1,608,528
286,167 1,429,514
1,472,211
sur243,470
B A N G O R & A R O O S T O O K R R . — Stockton Harbor, M e., northerly to
Van Buren, with brs.; total Dec 31 1916. 625-82 m. (568.02 owned in fee.)
ORGAN IZATION .— See V. 66, p. 855. Owns stock o f and leases for
999 years Northern Maine Seaport HR., La Grange to Searsport, 54.1 m.
D IV I.
1904. 1905. 1906. 1907 to 1912. 1913. 1914. ’ 15. '16. ’ 17
Per C ent__ 3
1)4
2
4 yearly
3
314
3
3
5
Dividends paid in 1917: Jan., 1% ; July, 2% ; Oct. 1, 2% , tho dividend
period being changed to April 1 and Oct. 1. V. 105, p. 1616.
STOCK.— During 1917 issued $3,480,000 o f a new $10,000,000 issue of
7% cumulative pref. stock and also an additional $411,400 common stock,
making $3,860,000 of latter outstanding (see below). V . 105, p. 1616.
BONDS, Ac.— Tho proceeds of tho now stock issued in 1917 were used
to retire $2,000,000 2-Year 5% gold notes, called for payment Oct. 1 1917,
and to reacquiro $2,300,000 other funded debt, reducing tho outstanding
issues, as compared with Jan. 1 1917, as follows: 2d M tge. 5s o f 1895, from
§106,000 to $26,000; Consol. Ref. Mtge. 4s, from §8,431,000 to $6,331,000; income,
Washburn Extension 5s from §1,650,000 to $1,618,000, and St. Johns sur.
River Extension 5s from $1,800,000 to §1,632,000. These acquisitions,
BENNETTSVILLE & CHERAW R R .— Owns Kollocks, S. O .. on Sea
together with §241,000 Consol. Ref. 4s held in troasury Jan. 1. gave the
company $2,621,000 o f its own bonds as freo assots, with no floating debt. board Air Line, via Bennettsvtllo and Brownsville, to Sellers on Atlantio
Coast Line. 45 miles. Purchased by prosout ownors about March 1907.
V. 105, p. 1616. Piscat. Div. 5s, seo V. 67. p. 1159: V. 68, p. 84, 329.
Dividends in 1912. 6%; 1913. 3% ; 1914 and 1915. 5 % .
Of the Consol. Ref. 4s, §12.500,000 were reserved to pay off outstanding Stock, $250,000
bonds, including those of controlled roads, oar trusts and pref. stock,and to Bond sk. fd.. $3,000 yearly. V. 92, p. 116.
14
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
(For abbreviations, &c., see notes on first page]
Beech Creek Extcn— 1st M 84.500,000 g gu p A 10.xo*
Beech Creek consol M f20,000.000 g gu pAl (j.o 'A r
Belli ugh & Nor— B B A B O 1st M $1,000,000 g sf _z
BeltLine Ry, Montgomery— 1st M gold S300.OOOx__
Belt RR A Stk Yd, Ind—Stock auth §2,000,000____
Preferred stock cumulative______________________
1st refunding M §1.000,000 gold_______ ______ xo*
Belt Ry of Chattanooga— Firstmtge gold._MeBa.xo*
Belvidere Delaware—Stock §4,000.000____________
Consolidated) guaranteed by United Co’s sk fd__xr
mortgage ^guaranteed by United Co’s sk fd __xr
of 1875
Msswc §600,000 reduced by sk fd _.xr
§4.000,000 j guaranteed by United Co’s sk fd .x c *
Benncttsville A Cheraw— 1st M §150.000 g.-McBa
Bessemer A Lake Erie— Erie equipment trust____ xx
Standard equip trust___________________________xx
Bessemer equipment trust, lue §110,000 yearly.xx
Conneaut equip Trust____________________________
Meadville eq tr due §55.000 yly__________________ xx
Albion eq tr due $75,000 yrly to 1932___________ xx
Euclid equipt trust due $250,000 yrly beg 1924_____
Girard Equip trust due $240,000 "yly begin 1918___
Birmingham Belt— See St Louis A San Francisco
Blrm’h A Southeas— 1st M §3.000.000 g red 107 44-Cex
General and eqt M gold red 101 S I.500.000___Col
Birmingham Terminal— 1st M §3,000,000 gold guar .x
Bloomsburg & Sullivan RR— 1st M -------------------FPx
Second mortgage Income non-cum §200.000__ FPx
Boonville Bridge— See Missouri Kansas A Texas Ry
Boonville St L A South Ry— 1st M g gu red 107 45--Eq
Boston A Albany—Stock (§25.000.000 authorized)__
Bonds (not mortgage) guaranteed prln and lnt__ zn
Bonds (not M) §1.000,000 (V 71 ,p 1218: V 72.p44) .z
Impt bds (not mtge) §4,500,000 due 1934 gu p A l.z
Impt bonds (not mtge) §1.000,000 guar. p. & 1 z
do
do
do $2,015,000 gu pAl.zc*Ar
Bonds (not mortgage) $3,627,000. guar pAl.zc*Ar*
Bonds $1,000,000 guar pAi (V 105. p 715) ...c * A r
Equipment trust obligations—See N Y Central R L
B oston & L ow ell—Stk auth (§7,679,400)__________
Bonds 40 vearsnot mortgavez . ________________
Miles Dale
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[Vol. 10G.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
56 1901 Sl.OOOAc $3 500.000
344 g A A n Apr 1 1951
135 1906 1,000 Ac
4 A o
3.964.00C
4g
All
1901
1,000
J A n Deo 1 1932
514.001
5g
1911
1.000
245.001
5 g J A j July 1 1941
__
50 2,000.001 See text
Q— j Jan 1 1918 6%
50
500,001
6
Q— j Jan 1 1918 144
1.000
1909
4g
1,000,001
M A N May 1 1939
1,000
49 1895
J A J July 1 1945
300,001
5
50
1.253,000 See text yearly Dec 31 1917 4%
80 1885
1,000
4
M & S Sept l 1925
500.000
80 1887
1,000
F A A Feb 1 1927
749,000
4
J A J Jan 1 1933
1.000
80 1893
33S.OOO
4
1.000
80i 1903
972.000
344 6 .1 A J Jan 1 1943
1,000
150,000
J A J Jan 1 1941
45 1911
5g
1902
1,000
1,220,000
VT A S Moh l 1922
5
1905
1.000
A A o Apr 1 1925
1.060.000
0
1907
1,100.000
1,000
M A S Mch 1918-1927
5
1909
1.000
300.000
A A o Apr 1 1919
5
1,000
1911
550.000
5
M A s Mch 1922-1932
1.000
J A I) June 1923-’34
950.000
1912
5
1914
1.000 2,500.000
J A J July 1924-1934
5
1916
1,000
3,600,000
5
M A N Nov 1918-1932
4.8 1911
48 1914
5-9 1907
29 1898
29 1898
393
100 Ac
100
1.000
100 Ac
100 Ac
539,000
(?)
1.940,000
242.000
199,600
6g
6g
4g
5
5
M
F
M
J
J
A N May 1 1961
A A Feb 1 1924
A S Mch 1 1957
Sc J Jan 1 1928
A J Jan 1 1928
Grand CentTermlnal.NY
do
do
U SM A T r Co. N Y ;* SF
Safe Dop A Tr Co, Balt
Co’s office, Indianapolis
do
do
Nat City Bank, N Y
Mercantile Tr A Dep.Ball
Penn RR C o., Phila
do
do
do
do
do
do
do and New York
Mero Tr A Dep Co, Balt
Home Tr Co. Hobok, N J
do
do
do
do
do
do
do
do
do
do
do
do
Union Tr Co, Pitts, Pa
Nov 1916 coupon unpaid
Interest In default
Equitable Trust Co, N Y
F I T A S D Co, Phila
Reg Bloomsburgh.wh ear
1,000
F A A Aug 1 1951
500,00(1
5g
Fob 1 1916 coup not paid
100 25.000,000 * H % 17 Q— M Dec 31 T7 244% Office, Term S ia m , Boat
1902
1,000
3.858,000
do
do
Apr 1 1952
344 A A O
1901
1.000
1.000,000
do
do
344 ,1 A J Jan 1 1951
’08-’ 10
1.000 13,500,000
M A N May 1 ‘33-34-35
4
do
do
1,000
1,000,000
1912
do
do
444 J A J July 1 1937
1913
1.000
2.015,000
J A .1 July 1 1938
do
do
5
1913 1,000 Ac 3.627.000
5
A A O Oct 1 1963
do
do
1917 1.000 Ac
1,000,000
J A D Juno 1 1942
do
do
5
1911
1892
$100 $7,679,400
1.000
1.000.000
8
4
J A J Jan 2 1918 4%
A & O Apr 1 1932
At Office, Boston
Meroh Nat nir Boston
Year end. Dec. 31 1916, gross, $83,255; net, 826,270; int. on bonds, Ac
BOSTON & MAINE RR.— ROAD.— The system with Its many branoh
*7,600; taxes, 87,387; divs. (9% ), 822,500; bal., def., 811,116. Pres. 4nes covers the territory from Boston, Mass., to Portland.Me. (two lines);
W . R. Bonsai; Sec. A Treas., B M . Edwards. Office, Bennettsville, Springfield, Mass., Sherbrooke, Can., Rotterdam Jot. and Troy, N. Y.;
8. C .— (V. 92, p. 116.)
Worcester, Mass., to Portland, Me., and most of New Hampshire.
BESSEMER & LAKE ERIE R R .— Leases from Pittsburgh Bessemer A
Lines owned.
Miles.
Lines leased— (Concluded). Miles.
Lake Erie R R . et al., Bessemer, near Pittsburgh, Pa., to Conneaut Harbor,
Nashua A Lowell_______________al5
Lake Erie, Ac.. with branches and spurs, a total o f 249 miles, for 999 years, Boston, Mass., to Rigby, Me.,
via Dover____________________ 111 Connecticut River R R _________ a8l
from Apr. 1 1901; owns 9 m.; total, 258 miles. V. 72, p. 137. Stock auth.,
Boston to Rigby,Me.,vIa Portsm. 105 O ther__ ______ _______ _____ __ 36
8500.000. Dividends paid; In 1904. 100%; 1905. 50%: 1906. 40% ; 1909.
Jewett, Me., to Intervale, N. H . 73 Trackage rights________________ 29
150%; 1910. 100%; 1911. 150%; 1912, 250%; 1913, 200%; 1914, 275%,: Portsmouth
Eleotrlo R y _______ 18
1915 and 1916, 150%. Controlled by U. S. Steel Corp. Guaranty on Mar
M e., to Worces
Total operated July 1 1917_____ 2,305
quette A Bessemer Dock A Nav. bonds. V. 77, p. 1228; V. 76. p. 1358; Westbrook.
ter, Mass--------------------139
V. 82, p. 160. Eor year ending Doc. 31 1916, (205 miles), gross, 811,110, North
Cambridge
to Northamp
2d track (3d A 4th traok, 10) 591
685: net. 84,853,065; other Income, 8608,316; lnt., rentals, &c., 83,174,696:
ton,
Mass___________________
96
divs. (150%), 8750.000; bal., sur., 81.536.684.— (V. 102, p. 1986, 2165.
Sundry branohes_______________ 196 Controls:
BINGHAM CENTRAL R Y .— See Ohio Copper Mining Co. In V. 104,
Lines leased, a See this company.
St. Johnsbury A Lake Champ. 121
p. 1391; V. 103, p. 1122, 1415, 2237.
Boston A Lowell______________ a469
York Harbor A Beach_______ 12
BIRMINGHAM & ATLANTIC R R .— See page 199.
Concord & Montreal__________ <i479
Vermont Valley____________
24
BIRMINGHAM COLUMBUS & ST. ANDREWS R R .— Chipley to Fltohburg_______________
a458
Sullivan County_____________ 26
South Port, Ela., 38 miles. Judicial sale ordered Jan. 7 1918.— (V. 105,
RECEIVERSHIP.— On Aug. 29 1916 I’ rcs. James II. Hustls was made
p. 2542.)
temporary receiver. V. 104, p. 71: V. 103. p. 757, 843, 1117. Rates In
BIRMINGHAM & NORTHWESTERN R Y.— Jackson, Tenn.. north 1917, V. 105, p. 1414. Wages, V. 105, p. 2093.
westerly to Dyersburg, 49 miles. Entire stock (8300,000) and bonds
In Feb. 1918 no Interest had been paid since the beginning of the receiver
(8800.000) were deposited as security for 8450.000 3-year collateral trust ship upon any of the notes or plain (debenture) bonds of the B. & M . But
gold notes o f the Blrm. & Northw. Co. (of Dela.), guar. prln. <Sc lnt. by briefly speaking, dividends on tho stocks and Interest when duo on the outMercantile Trust Co. of Jackson. Tenn. Those notes were paid March 1
1916. V. 96. p. 1295. June 30 1915-16. gross. $119,740; net. $22,466.
In 1914-15. gross. 8101,839; net, $5,758.
Pres., A. U. Tlgrett; Vlce-Pres.. O. W. McNear; Sec., R. P. Spragins
Tho reorganization Act has been extended till July 1919. V. 103, p.60.
Treas.. J. E. Edenton. Office. Jackson. Tenn.— (V. 102. p. 608).
As to Boston RR. Holding Go. (owner of 52.9% of the stock) and disposi
BIRMINGHAM & SOUTHEASTERN R Y.— Owns Union Springs to tion of control undor order of Court, see that company below.
Ecloct.Ic, Ala., 48 miles. V .9 4 ,p . 1316. Interest on the 1st M . bonds having
The Hampden RR. Corporation, completed June 23 1913, from Spring
been defaulted N ov. 1 1916, a protective committee with George O. Van field, Mass., to Bondsvllle, total 15 miles, has not been operated. V. 100.
Tuyl Jr. as Chairman and H .M . DeLanole, 66 Broadway, N . Y., as Secre 395: V. 99. n. 47; V. 98, p. 72, 452, 1920; V. 96, p. 1020: V. 97, p. 948.
tary, asked for deposits with Central Trust as depositary. V. 103, p. 1887.
CASIT.— The cash on hand June 30 1917, Including agents’ remittances
V. 103, D. 2340. Stock, 8700,000. First 6s o f 1911. V. 93, p. 43; V. 94. p. in transit and time deposits, was $7,963,757. This sum, however, Includes
1316. June 30 1915-16, gross, $105,818; net, $32,047. In 1914-15. gross, overdue Interest, A c., amounting to $2,087,575, which had it been paid as
$96,778; net, $32,311. Pres., W. M . Blount, Union Springs, Ala.— it matured would have left a cash balanco of $5,876,182.
(V. 94. p. 1316; V. 103. p. 1887. 2340.)
B1RA1INGHAM TERMINAL CO.— Owns passenger terminals at Birm Plan of R eorgan, and Union (V. 104, p. 2009, 2640; V. 105, p. 1414).
This plan prepared by committees from tho loading loasod linos, and
ingham, Ala. Stock all owned by the Illinois Central, Southern R y., Sea
board Air Line, Central o f Georgia, St. Louis & San Francisco and Alabama adopted by tnoir boards of dlroctors, and also with reservations by tho
Great Southern, which lease the property and pay all expenses, charges and directors of tho B. A M ., has beon apnrovod by the Now Hampshire Legis
4% dividends on the stock and Jointly guarantee tho bonds. Of the bonds lature, but in Feb. 1918 it had not been formally promulgated, and was
(83.000,000 authorized), $1,060,000 are reserved for additional properties. being held in abeyance, owing to war conditions and Government operation.
At least temporary purchaso by tho State was suggested Jan. 1918 by
V. 83, p. 1227; V. 85, p. 404. Guaranty, V. 90. p. 848.— (V. 90. p. 848.)
BLACK MT. R Y .— Owns Kona, N. C ., on tho Caro. Clinch. A Ohio Ry. Attorney-General Atwill, of Mass. V. 106, p .295. Tho plan provides for
(1) Merger.— Of B. A M . with loading loasod linos, viz.: Fitchburg R R .,
to Eskota, 24 miles. Has 99-year traffic agreement with the Caro. Clinch.
A Ohio R y., which guarantees the $500,000 1st M . 5s due $25,000 annually Boston A Lowell R R ., Connecticut River R R ., Concord A Montreal RR.,
Lowell A Andover R R ., Manchester A Lawronco RR. and Kennobunk A
See that company below. Pres., J. Bis Ray, Burnsville, N. C.
Kennebunkport RR. (the "subsidiary companies” ), and the assumption of
BLOOMSBURG A SULLIVAN RR.— Owns Bloomsburg to Jamison City, all
their sub-leases and all their funded or floating dobt not paid off: and also
Pa., 29 miles. Stock Is $600,000; par, $50. V. 66, p. 80. 952. Year, acquisition
of Hampden RR. free and clear.
1915-16, gross, $90,222; net, $34,543; other Income, $435: charges. $30,141:
(2) exchange of Stock.— All holders of tho $39,505,100 com. stock and
bal.. sur., $4,836. In 1914-15. gross, $77.464:— (V. 66, p. 952.)
$3,149,800
prof.
stk. of the new B. & M. R R .: (a) who either themselves sub
BOON Vll.LE ST. LOUIS & SOUTHERN R Y.— Boonville to Versailles
for their proportion of now stock or procure subscriptions thorofor
M o., 44 miles. Leased for 99 years from July 1 1910 to Missouri Pacific, scribe
to
be
made
in
their
behalf, will rocoive without further pavment In addition
which guaranteed $500,000 1st 5s, prln. and int. V. 93, p. 285. Stock. to the stock subscribed
for an amount of prof, or com. stock In the now
$250,000: par o f shares, $125.— (V. 93. p. 228, 285; V. 95, p. 968.)
corporation equal to tho prof, or com. stock held by them, respectively, in
BOSTON & ALBANY RR.— Owns from Boston, Mass., to Albany. N. Y .. the old corporation. A bankers’ syndicate will, on request, advance for
199 miles; branches, 104m.; leased lines,90m.; track,0.6 m.; total.394 m. one year tho funds needed for this subscription at 6% interest on security
Leased In 1900 for 99 years to the New York Central & Hudson River RR. of all new stock receivable; or tho syndicate will, on request, assume the sub
tor guaranteed rental of 8% per annum on the $25,000,000 stock, payable scriptions either (x) on payment to It by the stockholders of $5 per share in
quarterly (Moh. 31, A c.), organization expenses. Interest on bonds, taxes, cash for each share of com. stock and $2 50 for each share of prof, stock held
expenses of maintenance, Ao. The B. & A. received for certain property by them; or (y) upon assignment to it of now common stock equal to 20%
not Included lu the lease $5,500,000 In N. Y. Central 3M % 100-year deben or now pref. stock equal to 10% of their holdings in the old corporation;
tures, thus adding .77% per annum to 8 h % guaranteed on stock. See lease (5) If not subscribing, the stockholder will rocoive 70% of now com. stock
In V. 69. p.282; V. 69. p. 1061, 1102, 1246; V .70. p.74; V. 71. p. 645. 963; for each share of old com. stock, and 85% of pref. stock for each share of
(Assumed by N. Y . Central RR. on consolidation. Doc. 23 1914.1
old prof, stock held by him.
BONDS.— The $13,500,000 25-year 4% Impt. bonds are guar. prln. and
To the holders of tho outstanding stock of tho aforesaid subsidiaries (other
Int., by New York Central A Hudson River R R . No mortgages can be than stock held by B. A M .) tho now corporation will distribute now First
placed on the property without Jointly Including the bonds in the lien. Pref. stock carrying dividends at the respective ratos now payablo undor
V. 86, p. 1099: V. 89, p. 102; V. 91. p. 396. V.94, p. 277.1055, 1316, 1625. the lease of each company as shown below. Compare V. 104, p. 2009.
Tho 4% bonds mature $7,000,000 in 1933, $4,500,000 In 1934 and $2,000.
Cash Requirements.— The now corporation, to raise tho $12,324,000 cash
000 In 1935 — V. 96. p. 553. 651. 946. 1365, 1489, 1838; V. 97, p. 1838.
In June 1916 all bonds Issued since the lease to tho N. Y. O. A H. R R R . required in connection with tho acquisition of tho several properties, will
Co. had been guaranteed (prln. & Int.) by the lesseo. In Aug. 1917 sold sell at par to B. A M . shareholders (or to tho underwriting syndicate),
$7,394,400 First Prof, and $4,929,600 Convertible Prof, stock, oach com.
$1,000,000 guar. 25-year 5s for additions, &c. V. 105, p. 715.
being entitled to subscribe in the proportion of $18 First Pref.
DIVIDENDS.— Since 1900, 8 M % . viz.: 2% each In March and Sept., stockholder
and $12 of Convertible Pref. for each share or com. stock owned by him,
244% in .lime and 244% In Deo.
and oach pref. stockholder for $9 of First Pref. and $6 of Convertible Prof,
E A R N I N G S . — E le v e n m o n th s to N o v . 3 0 :
for each share of prof, stock owuod by him In the old corporation. Bonds
11 M os.
Gross.
Net.
Oth. Inc.
Charges.
Balance.
1917 ------$20,799,812 $3,921,996 $361,437 $4,689,958 def.$406,525 for $12,500,000 will be issued to provide for floating debt. Improvements, Ac.
1916 ------ 19,783,053 6,330,617
378,439
4,512,735 sur.2,196,303 Original Capitalization of New Corporation I f It Acquires the Franchises and
Calendar
Operating
Oper. Inc.
Other
Interest,
Balance,
Property of All Companies (Par of New Shares, $100).
Year—
Revenues. (after Taxes). Income.
D ivs., A-e.
Survlas
(1) First Pref. Cumulative Stock (Total, $47,872,300)— NewStock. Div.Rate
19 16............ $21,676,511 $7,264,392 $265,342 $4,778,138 $2,751,595
(a)
For
Sub. Co. Stocks, $ for $,— Dividend Rates to
1915
17.695.865
4.966,055
257.087
4.441 801
781 342
Be Respectively as under Present Leases.
— (V. 104, p. 558, 2450; V. 105, p. 180, 605, 715; V. 106, p. 709.)
Fitchburg
R R . (for $18,860,000 pref.stk.— see note)$18,860,000
5%
BOSTON A LOWELL RR.— ROAD.— Owns Boston to Lowell, 26 miles;
Boston A Lowell RIt. (excl. $561,900 hold by B. A M .) 7,117,500
8%
branohes—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles'
Concord
A
Montreal
RR.
(excl.
$333,500
owned
by
others, 45 miles; Middlesex Central, 11 miles; leases— Connecticut A PasB. A M . RR. and $7,000 by Man. A L. R R .)____ 7,917,100
7%
sumpslo, 146 miles; Nashua A Lowell, 15 miles; Peterborough, 10 miles.
Connecticut River R R ____________________________ 3,233,300
10%
Northern N. H.. 83 miles (and subsidiary lines 90 miles); Stony Brook R R .,
Lowell
A
Andover
RR.
($531,300
8
%
:
$93,700
10%)
625.000
8-10%
15 m.; Wilton R R ., 13 m. Leases mostly assumed by Boston & Maine!
Manchester A Lawronco R R ______________________
1,000.000
10%
Leased In 1887 for 99 yoars to the Boston & Maine at 7% per annum on
Kennebunk A Kennebunkport R R _________________
65,000 445%
stock till Jan. 1 1897 and 8% thereafter. V. 95, p. 1330. The stockhold
(b)
For
Hampden
RR.
ana
New
Cash
on
Above
Basis—
ers Jan. 3 1917 authorized $200,000 bonds to refund bonds due Oct. 1 1917
nampdon Railroad Corporation___________________
1,660,000
5%
but in Sept, borrowed funds therefor on notes.— (Y. 106, p. 497.)
’
For cash— 6 % ................................................................... 7,394,400
6%
Feb ., 1918.]
R A ILW A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
(For abbreviations, A c ., see notes on first page]
Mtles Dale
Road Bonds
Boston & Lowell (Concluded!)—
do
do
z
See description '
Bonds 20
do
do
zo*.
In “ Investors’
Bonds do
do
do
Bonds do
zo*.
Supplement”
do
do
...
Bonds do
z.
of April 1895.
__
do
do
z.
Bonds do
__
do
do
?lostonAMalne
Bonds do
zo.
do
Bonds do
do
z.
gives a rental
do
do zc*.
Bonds do
--guaranty for99
__
Bonds do do
do..
_________ years.
Bonds $200,000 do (refunding))
....
Boston & Maine—Stock, common and scrip______OB
...
Preferred stock 6% non-oumulatlve___________ 013
__
Improvement bonds s f not mortgage or subj to call .z
....
Bonds (not mortgage) for Improvement A ref.zoAr
__
Bonds (not mortgage) gold_________________ zoAr
...
Bonds exchanged for Fitchburg stook (V 70, p 175) .z
...
Bonds (not mortgage), 51,000,000........................... z
__
Bonds ?2,000,000 (not mortgage)________________ z
__
Bonds (not mortgage), 20-year__________________ z
__
Bonds (notm tge), our______________________ zoAi
__
Bonds (not mortgage) $12,000,000__________ zcAr
Portsm Gt Falls A Con 1st M assum_____________ z
73
Worcester Nashua * Rooh first mortgage equally!
[47
secured ($735,000 due 1930 and $150,000 1935)z/
147
One-year notes extended to Aug 31 ’ 10 (see to x t).. z ___
—
do
not so extondod_____________________
03
Boston & Providence—Stook 10% guar 99 yrs Old Col
—
Bonds.______________________________________ zc*
...
Boston RR Holding Co— Pref stk 4% cum red 110-zgu
...
Boston Revere Beach A Lynn—Stock 51,020,000— z
1st M (V 35. p 68; V 83. p 379) 51,000.000 gSBzo*Ar 13.20
—
Boston Terminal Co— First mortgage ourr..O B ..zoA r
—
Boyne C ity Gaylord & A lpena— 1st M $800,000-.
Brinson Ry— See Savannah & Northwestern B R .
___
Brownsville & Matain Bridge Co— 1st M goldguarSStx
...
Gold bonds $100,000 guar Jointly------------------- N .x
6
Buftalo Cr— Con (now 1st)M51.000,000 g Int as rente**
1st ref M 55,000.000 g red 105 since July ’ 12-Usmx
Buffalo New York & Erie— See Erie Railroad
Par
Value
Amount
Outstanding
•97-’ 08
$1,000
09-’01
1.000
1903
1.000
1905
1.000
1906
1.000
1907
1,000
1909
1,000
1913 1,000 Ac
1916
1,000
1917
100
____
100
1887
1,000
1892 1.000 Ac
1891
1,000
1900
1.000
1901
1.000
1903
1.000
1905
1,000
1906 1.000 Ao
1909
1.000 Ac
1877
500 Ao
Var.
1.000
1894
1.000
1913 5.000 Ac
1913 5,000 Ac
___
100
’88-’93
1.000
....
100
....
100
1897
1,000
1897 1,000 Ac
1917
1910
1911
1891
1910
1.000
1.000
1,000
1.000
(2) Convertible 6% Cum. (2nd) Pref. Stock (convertible Into com
mon at holder's option, $ for $) for cash----------------------------- $4,929,600
(3) Preferred Stock, 6% non-cumulatlve.----------------- -------------- 4,549.800
Corresponding to B. A M . RR. prof, stock, 6 % — $3,149,800
To tho Hampden Railroad Corporation, 5 % ------- 1,400,000
(4) Common Stock— Corresponding to B. A M . RIt. com. stock .$39,505.100
(6) Five Per Cent Bonds.— To bo Issued for tho purpose o f fund
ing tho present floating debt of tho old corporation and tho
subsidiary companies and providing additional tnonoy for the
purpose of paying for noeded additions and improvements__ 12,500,000
(7) Existing Funded Debts Undisturbed — ------------------------------- 84,202,000
B. A M . bonds___ $43,338,0001Con. A Mont. bd s.$7.223.000
Fitchburg b o n d s ... 24,580,000 Conn. River bonds. 2,259,000
Bos. & Lowell bds. 6.528,0001Man. & Law. b d s ..
274,000
J. P. Morgan A C o., Kidder, Peabody A Co. and Leo, Illgglnson A Co.
will, as syndicate managers, form a Purchase Syndicate to underwrite the
$12,324,000 now stock to bo issued for cash to assist tho B. A M . stockhold
ers in making subscriptions and to purchase tho $12,500,000 now bonds.
BONDS, A c.—The notes of the company outstanding June 30 1917
aggregate $13,306,060, viz., Extended to Aug. 31 1916, $13,120,060; ex
tended to July 17 1916, $160,600; extended to June 2 1916, $24,400; ex
tended to March 2 1916, $1,000. V. 102, p. 886. 1987, 2076; V. 103, p.
238, 320, 577. 664, 1502. As to debentures, see issue of April 1895.
Boston & Maine guarantees 51.328,000 first 5s of St. Johnsbury & Lake
Champlain. Also Interest on 5274,0()() Manchester & Lawrence 4s. Jointly
with Maine Central guarantees $300,000 Portland Union R y. Station (now
Portland Terminal Oo.) bonds. V. 93, p. 940, 1323.
DIVS.— / ’93. '9 4 -'9 8 .’ 9 9 .’00-’0 7 .’ 08. ’ 09. ’ 10. ’ l l . ’ 12. 1913. Non
O om m on (% )l 8 6 y ly . OH 7 yly. OH 8
6
5
4
2.
sine
EARN INGS.— Fiscal year to end Dec. 31; 11 months ending Nov 30Elevn
Gross
Net, (after
Other
Fixed
Balance
M os.— Earnings.
Taxes).
income.
Charges.
Surplus
1917..........$54,759,015 $10,135,476 $996,021
$10,699,922
$431 ’575
1,090,010
10)452,711 4 ,595)531
1916.......... 50,645,521 13,958,232
ANNUAL R E PO RT.— For year end. June 30 1917, V. 105 n 1414
1916-17.
1915-16.
1914-15 1913-14
Operating rcvonucs------ $56,992,040 $52,075,427 $46,673,018 $48 160 285
Operating expenses____ 42,448,076 36,197,958 35 909 771 38 856 218
Taxes. &c........................ 2.124.711
1,988,891 JL 059)oiG
2)025)028
Rate
%
15
When
Payable
Last Dividend Places Where Interest a n t
and Maturity
Dividends are Payable
$214,000
939.00C
250.00C
500.006
500,006
325,006
350.000
1,000.000
1,250.000
4
A A O April 1918
J A J 1919 A 1921
3*
M A N May 11923
3H
M do S Sept 1 1925
3H
1
M A N Nov 1 1926
4
J A J July 1 1927
A do O April 1 1929
4
F A A Feb 1 1933
4K
M A S Mar 1 1936
5
17...........
1937
39.505,391 See text Q—J Apr 1 1913 1%
3,149,800 See text M A S Uch 1 1913 3%
F A A Feb 1 1937
4
1,910,00(1
F A A Aug 11942
4
2.500,000
6.000.000
4H g J A J Jan 1 1944
5,454.000
3 g J A J July 1 1950
1,000.000
3 H M A N Nov 1 1921
J A J Jan 1 1923
2,000.000
F A A Feb 2 1925
500.000
3H
M A S Sept 1 1926
4
10,000.000
A A (> April 1 1929
4H
11,700.000
1,000.000
414 ,1 A 1) June 1 1937
J A J Jan 1 1930A’35
885.000
4
A A O Oct l 1934
4
380,000
Text Aug 31 1916
6
13,120.060
A A 0 Mar to July '16
6
186.000
4,000.000
10
Q—J Jan 1 1918 2M
J A J July 1 1918
4
2.170,000
27,293,900
4
J A J10 Jan 10 1913 2%
850.000 6 In 1917 Q—J Jan 1 18 114%
1.000,000
4H g J A J15 July 15 1927
14,500,000
Feb 1 1947
3H
Text
800,000
J A J Jan 1 1937
5
300,000
90,000
1.000.000
1,000.000
5g
4
5g
5g
J
M
J
J
A
&
A
A
,T Jan 1 1930
S Sept 1 1931
J Jan 1 1941
J Jan 1 1961
Merch. Nat. Bk. Bos
ao
ao
do
do
do
do
do
do
do
do
do
do
do
do
do
do
At Off, Causeway S ;
do
dj
do
d»
do
do
Jan
1917 int un
do
do
-*-*'-'* IUVUIUO
VUl^OlU
Jan 1917 interost unpaid
Int duo Sept 1 ’ 16 not pd
Int due Oct 1 ’ 16 not pd
do
do
Amer Trust Co, Boston
do
do
Interest discounted
Overdue
Treasurer’s office, Boston
do
do
Offloe, or checks mailed
State St Trust Co, Boston
Merch National Bk. Bo*t
Grand Rap, Mich, Tr Co
St Louis Union Trust Oo
New York Trust Oo.
U S Mort A Tr Co. N Y
do
do
Stato line from Lake Michigan to Lake Huron. The Michigan Trust
Co. of Grand Rapids as receiver is completing the entire road.
With this in view an issue of $800,000 1st M . 20-year 5s was auth. in 1917, of
which $275,000 was sold to provide for construction and tho remainder was
used to retire outstanding notes and claims. There wero also outstanding In
Aug. 1917 $47,000 notes maturing part yearly July 1 1918 to 1922, tncl
See statement as to enterprise, V. 105. p. 1616.— (V. 105, p. 1616, 2183.)
BRAZIL RA ILW A Y.— Reorganization plan, V. 105, p. 1102.
BROWNSVILLE & MATAUORAS BRIDGE C O .— See page 208.
BUFFALO CREEK RR.— Owns 6 miles of terminal road In Buffalo, N .Y .
In Deo. 1889 leased for term of charter less one day to the Lehigh Valley and
the Erie R R ., which together own entire capital stook of $250,000. Rental
is Int. on bonds, 7% on stock and organ, expenses. First ref. bonds are Is
suable to retire old 5s. V. 92, p. 259, 593; V. 93. p. 43.— (V. 93. p. 43.)
BUFFALO (OKLA.) NORTHWESTERN R Y — V. 106, p. 394.
BUFFALO ROCHESTER & PITTSBURGH RAILW AY.— (See M a p .)—
Operates from Buffalo and Roch.. N. Y ., to bituminous coal regions.
Lines owned in fee—
Miles
Buffalo Creek, N. Y .t to Mt.
Jewett, Pa____________________ 98
Clarion Jot. to Lindsey, P a _____ 59
Rochester to Ashford, N. Y _____94
Charlotte. N. Y „ to Llnooln Park 10
Indiana Branch_________________ 70
Seven branches_________________ 38
Trackage (Concluded) —
M iles.
Willow Grove to Pittsburgh, P a. 7
Penn. R R .— Penn. R R . Jot. to
Shuman Run Y, Pa____________20
O ther__________________________ 8
Leased— Stock not maned—
Allegheny & Western— a
Punxsutawney to Butler, Pa.,
Trackage—
&o____________________________ 62
Erie— Mt Jewett to Clarion Jot- 20 Clearfield & Mahoning— a
B.AO.— Butler. I’a.,to Pittsburgh 41
Clearfield to Beech Creek R R .r 26
Rlbolu Jet. to New Castle___ 33 Mahoning Valley R R __________
2
Total June 30 1916 (a See separate statement for this com pany)__ 586
ORG.— Successor 1887 to Roch. A Pittsb., foreclosed, plan V. 41, p. 516.
Tho entire capital stock ($4,000,000) of the Rochester A Pittsburgh Coal
A Iron Co. (V. 66, p. 1088). carrying control o f the Jefferson A Clearfield
Coal A Iron C o., wasXransforred in i906 (subject to the lien of the general
mortgage) to the Mahoning Investment C o., having $4,200,000 authorized
(took,In $100 shares. In consideration of $4,125,000 stock, the latter being
listrlbuted Deo. 1906 pro rata In proportion of 25% among the holders of
Ry. common and pref. stocks. V. S3, p. 1468; V. 85, p. 414. 415; report,
V. 103, p. 1030. For bonds of these coal companies see mlscel.eos. Clearleld A Mahoning securities are guaranteed.
DIVS.— / ’02. '03. ’04-'06. ’07. ’08 .’0 9 .’ 10. ’ l l . ’ 12. ’ 13. ’ 14. ’ 15 ’ 16 ’ J7
m on%i 4 5H 6 y ’ly 5>4 4H 4 4
5 5*4 6 5,
4 5 6
Operating Incom e...J$12,419,251 $13,888,577 $8,779,109 $7,245,049 0om
In 1917, Fob. ana Aug.. 3% ; 1918, Feb., 3% .
Other income_________
1,165,855
1,1/0,715
1,204,473
1,906,595
Mahoning Investment Co. (see above) paid on Its stock in 1907. 2% : In
Gross lncom o_______ $13,585,106 $1.5,059,293 $9,983,583 $9 151 645 1908, 4% ; 1912 and 1913. 3% ; 1914, 2J.4%; none since to Jan. 1917. V.
Rentals, sink. fd.. & c ..\ $ ll,704,657/ $8,268,125 $7,291,485 $7*878*442 88, p. 685; V. 94, p. 419; V. 99, p. 233. Compare above, V. 85, p. 283.
Interest accrued---------/
\ 2,725,477
3,0261581
3)317)945
BONDS.— General 5s for $5,573,000 are reserved for prior bonds, &o.
The $35,000,000 50-year consols are to bear not over 4 >4% Int.. $3,000,
Bal., sur. or def
sur.$1,880,448 sr$4,065,691 df.$334,402df$2,O44,742 000 were Issuable at once, $18,145,000 to retire underlying obligations at
or before maturity anil tho remaining $13,855,000 for future requirements.
OFFICERS.— Receiver, James II. Ilustis; V .-P ., William J Hobbs’ V. 84. p. 867, 1306; V. 85. p. 39. 414; V. 95. p. 361, 749: V. 98. p. 999.
Troas., Herbert It. Wheeler. Office, Boston.— (V. 106, p. 295.)
1070, 1155. 1315; V. 99. p. 118, 1748; V. 100. p. 228. On Dec. 31 1917
$11,841,000 consols, were outstanding and $1,323,000 in treasurv. In
BOSTON & PROVIDENCE R R .— Owns Boston, Mass., to Providence
March 1917 sold $1,020,000 consols (V. 105, p. 2183) and in Aug. 1917 a
It. I.. 43 miles; branches. 20 miles. Leased 99 years April 1 1888 to Old further
$205,000.
Colony Itlt.: rental 10% yearly on stock, leaso being modified In 1912
V. 95 p. 2.35. The New York N. II. & Hartford on June 30 1916 owned
Equipment Bonds.— A sinking fund of 5% will retire series A, B A C
$524,600 stock. Tho shareholders were to vote Jan. 23 1918 on Issuing equipment bonds annually on May 1, if purchasable at or below par; other
$2,170,000 debenture notes or bonds for the purpose o f extending or re wise to be applied to the purchase of additional equipment. V. 68, p. 1131;
funding tho $2,170,000 4% bonds, duo July 1 1918. V. 106 p. 188.
V.71, p.501; V.73, p.348. Scries D and E have an annual sinking fund of
6% for purchase of bonds Sept. 1 and May 1. respectively, at 105 and lilt.: If
BOSTON RAILROAD HOLDING CO. Incorporated In Massachusetts not purchasable, bonds may be drawn by lot. Series DAE may also be called
June 18 1909 under special Act with power to hold securities of Boston & as an entirety at 105. Scries F may be purchased by sinking fund at not
Maine. Tho N. Y. N H & Hartford owns 1 3 . 1 ® —
^
,
over par or drawn by lot at par and mav also be dravvn at 102 and Int. on
and as guarantor has paid the pref. dlvs. which tho Co. could not meet
any int. day. V. 84, p. 1365; V. 85, p. 283, 414, 883; V. 105, p. 2183.
Owns $21,918,900 common ana $654,300 prer. stock of the Boston A Me
Series G havo an annual 6% sink, fund to retire bonds at par; if not purchas
or 62.9% of stk., for which has been Issued 527,293,900 non-voting 4% cum
able, bonds to bo drawn by lot. V. 89, p. 468; V. 91, p. 100; V. 93, p. 1785.
pref. stook, redeemable at 110. guar., prln & dlvs,, by endorsement bv the 939; V. 94. p. 122; V. 97. p. 364. Series II. V. 97, p. 1582; V. 98. p. 1459;
$24,493,900. V. 93. p. 870. 1461; V. 94, p. 205: Vi 95 p 068
series J, V. 105, p. 388. 605. (No Series 1.)
In March 1914, under order of court to divorce tho system the B A M
stock was transferred to five trustees, viz.: Marcus P. Knowlton and
R E PO RT.— Fiscal year now ends Dec. 31. Tho report for tho year end
James L. Doherty of Springfield. Mass.; Henry B. Dav and Charles P
ing June 30 1916 was given in V. 103, p. 574, 589; for the year onding
Ilall of Boston; Frank
Manchester, N. II.. with orders to Dec. 31 1917 in V. 106. p. 606.
soil the RtUiic. In Fod» 1918 still unsold, time extended
As to ropoivor*
— Years ending Dec. 31------- Years ending June 30—
ship of B. A M. in Aug. 1916. see that company above.' V 99 d 47
1917.
1916.
1916-17.
1915-16.
President, Marcus I’ . Knowlton.— (V. 99, p. 1213.)
*
’ v'
Passenger.....................1
($1,144,892 $1,101,981
Freight........................... $14,975,000 $12,761,755 10,381,647
8,022,690
BOSTON REVERE BEACH & LYNN R R .-O w n s narrow-gauge road Mail, express, A c.........)
[
444,480
355,265
from Lynn to East Boston. Mass., 9 miles, connecting with Boston by com
pany s ferryboats; East Boston to Wlnthrop, 5.miles: also Winthrop to
Total oper. revenues-$14,97o,000 $12,761,755 $11,971,019 $9,479,936
Point Shirley, I mile. V. 94, p. 982; V. 95, p. 1121, 1402.
Net, after taxes.............$2,590,075 S3,108,518 $3,072,101
$2,314,087
1,125,274
1,016,099
718,646
p m D E N D S .—
f ’97-’05. ’06. ’07. ’08-’ I0. ’ l l . 1912 to Jan. 1918. Other incomo................. 1,316,001
YXueux- JuTie^ (K ar°V™ - « ,a i
igid-15 : : : : : : : : V i : < ) 8 3 s i36'.87o s 74)772 ( e l ^ l i ’ ooo ^ m i o E?
Deficit In 1915-16 was mot from salo of lands for $13,143.__(V.106, p.4*97.)
BOS TON TERMINAL CO.— Owns Southern Union Dopot In Boston,
opened In 1899. V. 68, P- 40. V. 69, p. 591. N Y . Contral (Boston A Al
bany), Boston A Prov Old Colony and N. Y. N. II. & Hartford RR. cos.
own tho $500,000 capital stock and pay as rontal in monthly installments
sums sufficient to p<iy nil expenses, charges, interost on bonds and 4 % on
stock. Those companies are Jointly Hablo for any deficiency In case of
foreclosure. Reg. int. Q.-F.; coup., F. A A .— (V, 93, p. 1598.)
BOYNE CITY QAYLORD & ALPENA R R .-P ro je cte d Boyne City to
llpena, Mich., with branches, a total of about 97 miles, forming a cross-
Gross income.............. $3,906,076 $4,233,792
S4,OSS, 200 $3,032,733
Rents accr. leaso of rds.
$373,500
$373,500
Int. accr. on fund. d t._
1,412,177
1,437,578
Other int. and rents____ $2,166,256 $2,104,253
361,309
330,444
Now equipment_______
127,394
65,414
Uetiro. of equip bonds..
521.000
45,797
Dlvs. on pref. (6 % )..
360,000
360,000
360.000
360,000
Dlvs. on common______(6)690,000
(5)525,000 (4)420,000 (4)420,000
____________________________________
Balance, surplus------$689,820 $1,244,539
$512,820
...........
In 1915-16 carried 8,905,421 tons of bituminous coal (out of 14,133,868
total tons of freight moved), against 7,107,857 In 1914-15.
OFFICERS.— Pros., Wm. T . Noonan, Rochester: V.-P., Adrian Iselin
AY. Emlon Roosevelt and Thos. F. Brennan. N. Y.: Troas., J. F. Dinkey,
Rochester; Sec. and Asst. Treas., Ernest Iselin, New York.
ir>
R A ILW A Y STOCKS A N D BONDS
(Vol . 106.
F eb ., 1918.]
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
17
Last Dividend
and Maturity
Dividends are Payable
$100 $10,500,000 6 In 1917 F A A Feb 16 1918 3 36 Wall St. New York
Buffalo Rochester & Pittsburgh— Common stook__Tr
do
do
100 6.000.000 6 in 1917 F & A Feb 15 1918 3
Pref stock non-oum common 6 % then pro rata.-Tr
do
do
F A A Feb 1 1921
1.300.000
6g
1.000
109 1881
R * P 1st M gold Rochester to Salamanca. Un.zo*
do
do
6 Z J ft, D Deo 1 1922
234 1882
1.000 3.920.000
Rochester & Pittsburgh con M g .................... Un.zo’
do
do
t.427.000
5 Z M ft S Sept 1 1937
253 1887
1,000
B R & P first gen mtge ($10,000,000) gold..U n.zo*
do
do
J
ft
Jan
1
1939
J
350.000
5
z
10 1889
1,000
Lino P & Chari 1st M gold guar------- ----------Un.zo*
do
do
4 MB M & N May 1 1957
367 1907 1,000 Ac 11,844,000
B R &P Consol mtge $35,000,000 gold-.Ce.x.o* &r
do
do
&
M
N
May
1919-20-21
4H
g
2,341.000
’
99-01
1.000
Equipment bonds A B & C. eaoh gold s f .......... .( l x
do
do
M & N Nov 11919
384,000
1902
1,000
D $2,000,000 gold red 105 slnkfundx.........
do
do
do
809.000
4H g M & N May 1 1922
1,000
1904
E $2,000,000 gold red 105sink fun.........dx
do
do
do
A
O
Apr
1
1927
&
1.238.000
4H
K
1907
1.000
F $3,000,000 gold red sinking fund------- x
do
do
do
A & O Oot 1 1929
4«
1909
1.000 2,096.000
G $3,000,000 gold Sinking fund.........Qxc*
do
do
do
J
&
.1
Jan’
19
to
Jan’30
5
g
1913
1.500.000
1.000
gold
SI25,000
due
yly
text-...........G.xc»
do
do
&
do
A
O
A
pr’
18
toOct’33
1,600,000
5
g
1917
1,000
w
J gold (no “ I ” ) $50 000 due s .a .. Ok.yc*
do
Q— M 31 Dec 29 T7, 3)4 By trustee's check on NY
3,000.000
100
B uff & Susq RR Corp— Common stock $3,000,000
do
do
100 4,000.000 See text J &D29 Dec 29 '17, 2%
Preferred stock 4% cumulative____________ - - - —
E. B. Smith Sc C o., N . Y
J & J Dec 30 1963
4g
6,382.800
...
—
100 &c
First mortgage $10,000,000 gold------------ - — Eq.x
B ullfrog-G old field RR— See Uas Vegas & Tonop Co
Burlington Cedar Rapids & Northern— Sec Chicago R 00k Is) and & Paolflo R 7.
Burlington & Missouri Valley—See Chicago Burllngto
F & A Feb 1 1944
3,000.000
6g
140 1914’
1,000
B utte A & P— 1st M g gu sk fd cail 105------yc*&r*
M & S Mch 11961
i
1,699,000
25 1911
1,000
Cairo & Thebes RR— First mortgage - - - - - - - - - - - - '
Calgary & E dm onton— See Canadian Padric Ry
Anglo-Cal Tr Co. San P
A & O Oct 1 1934
6
See text
51 1914
Cal W RR & N—New mortgage $750,000
Cambria & C learfield— See Pennsylvania RR
5 g M & N M ay 1 1936
735.000
1.000
26 1911
Cambria & Indiana RR— 1st M g re d il0 2 $ GPxc*&r
Girard Trust Co, Phil
F & A Aug 11919
6g
500.000
1917
5,000
2d M. gold notes call. Aug. 18-Feb 1!) 100 .xxxGP
J & J July 1917 3% Broad St Station, Phlla
6
39
600.900
25
Camden & Burlington County— Stook 6% guaranteed
do
do
350.000
30 1897
1,000
4 Z F & A Feb 1 1927
First M g gu p A 1 by Un N J RR & Can Co OP.xo*
Interest In default.
A & O Oct 1 1921
6
100.000
8 1911
100
Camino Placervlllo & Lake T ahoe RR— 1st M -----Canada A tlantic— See Grand Trunk Ry
Royal Tr C o. Montreal
5 g J & J Dec 31 1930
740,000
1.000
36 1910
Canada & G u lf Term inal Ry— 1st M $740,000 gold
F & A Febl 1918 1)4% Grand Cent Term. N Y
3
100 15.000,000
Canada Southern— Stock---------------do
do
5 g A & O Oct 11962
380 1912 1.000 &c 22.600.000
Cons guar gold bonds (1st M on main line) G.zc &r
Agts Bk of Montreal. N Y
130.000
4 Z A <& O Oct 1 1945
. 1.000
14 1895
Leamington A St Clair 1st M g gu p A l (end)-.zo*
$100
oooooo
Canadian N orthern— Stock 51253)00.000 F & A Feb 1 1929
4
£100 U 71371340 f
177 1899
Canadian Northern Division $8,000 per mile
Can Bk of Com,NY;&Lon
F & A Feb 1 1929
4
£100 \ 512.4601
108 1899
Manitoba A S E (assumed $8,000 per mile)M & N Nov 1 1930
4
by
2.4331
£100 J
27 1900
Gilbert Plains Branch $8,000 per mile-----London and Toronto
£100 5.745,587 4 & 4K Z J & D3C June 30 1930
287 1901
Ontario DIv 1st M deb £36.200 are 4 Hs - - - Man.
London. Toronto A N
4
J & U30 June 30 1930
£100 10.784.047
1904
1st Con deb M(Man lines) $10.000 P m oAr-J Govt
Directors— Henry G. Barbey, A. Iselln Jr., Wm. E. Iselln, Walter G. solidation. Auth. capital stock, $8003)00. V. 101, p. 46, 1092: V. 102.
i. 65. Operated under lease by Penn. R R ., which guarantees 6% on stock,
Oakman C. O'D. Iselln, W. T. Noonan, George E. Roosevelt, W. Emlen
n 1915, gross, $287,194; oper. def., $1,100; loss to lessee under rental.
Roosevelt Ernest Iselin, O’ Donnell Iselln, Oscar Grisch, Samuel Woolver•tonTHamllton F. Kean. N. Y . office. 36 Wall S t . - ( V . 106. p. 394, 606.) $27.087.— (V. 101, p. 46. 1092.)
BUFFALO & SUSQUEHANNA RAILROAD CORP.— (See M ap.)—
CAMINO PLACERVILLE & LAKE TAHOE R R .— PlacervUle to
Owns from Sagamore. Pa., to Wellsvlllo, N . Y .. with several branch lines, Camino, Cal., 8.05 miles. Stock. $100,000. Bonds, see table. Year
lnel 15 miles trackago. Total mileage Doc. 31 1916, 253. Incorp. in Penn ending Dec. 31 1916. gross, $5,013; net loss. $4,153. Pres. & Gen. M gr.,
sylvania and succeeded Doc. 31 1913, per plan V. 97, p. 1503, tho B. & S. O. D . Danaher; Sec. & Treas., G. L. Chamberlain. Office. Camino. Cal.
RR. foreclosed Dec. 5 1913. V. 97, p. 1582; V. 93. p. 1596. For descrip
CANADA & OULF TERMINAL R Y .— Owns Ste. Favie to Matane,
tion o f property see annual report for 1914 In V. 100, p. 1007: also p. 980.
Que.. 36 miles. Stock authorized. $4,000,000; par $100. Bonds, see
Connects at Driftwood Jet. with Pennsylvania R R . for Buffalo.
Pres., M . J. O’Brien. Montreal. Que.; V.-Pres., H. J. Lyons,
STOCK.— Authorized (par *100). common, $3,000,000; 4% pref. (p. & table.
d.). cumulative after Jan. 1 1915, $4,000,000. Will bo hold In voting trust Matane, Que.; Sec.-Treas., Hugh Doheny, Montreal, Que.
until Jan. I 1919. P. G. Bartlett and J. S. Farlee o f N . Y . and Edward B.
CANADA MICH. & CHICAQO.— Bonds worthless.— (V. 63, p .8 3 8 .)
Smith, Phlla., voting trustees. Listed in Philadelphia. V. 100. p. 1591.
CANADA SOUTHERN R Y .— (See Maps New York Central Lines.)—
DIVIDEN DS (seo V. 103, p. 2078)—
1916.
1917.
ROAD.—
Main line from Suspension Bridge station, Including the Cantilever
5
5 & 2 ext. (text,)
Common stock------------ -----------------------------------Bridge, to Windsor. Ont., 226 m .; branches to Courtrlght, Ont., &c., and
On com. in 1917 paid, Mar., June & Sept., I H %\in Dec. 1)4% and 2%
controlled
lines. 154 m.; total. 380 m.; Canada So. Bridge, 2)4 m. Track
extra.
age, St. Thomas to London, Ont., 15 m. Double track. 242 miles.
BONDS.— The first M . bonds ($10,000,000 auth.) are secured on the en
ORGANIZATION,
ETC.— The company was chartered In Canada
tire property and further by deposits o f mortgages aggregating $1,220,309
Feb. 28 1868 and debt readjusted In 1878. In 1903 made a new lease to
on coal lands of the l owhatan Coal & Coke Co., and of a second mortgage
Mich.
Cent,
for
999
years,
the latter, which owns $7,810,000 stock, guaran
for $1,300,000 on the properties of the Buffalo & Susqeuhanna Coal & Coke
Co., and of all the stock of the Addison & Susquehanna R R . and all tho teeing divs., rate since Jan. 1 1911, 3% yrly. V . 76, p. 1191, 1247.
In Oct. 1916 had arranged to join with other roads in guaranteeing
stock and bonds o f the Wellsville Coudersport & Pine Creek IiR ., and of all
the stock o f the Keystone Store Co. V. 73, p. 619, 899: V. 84, p. 748. $2,000,000 consols, of Toronto Hamilton & Buffalo Ry. (which see).
The Mich. Cent, guarantees, prin. and Int. of $40,000,000 50-year bonds,
Of the bonds, $6,959,000 have been issued. The remaining $3,041,000
bonds, or any of them, may bear not to exceed 6% Interest and can be issued tnt. not to exceed 5% . of which $22,500,000 5s were sold to refund the
only for additions, extensions. Improvements, acquisitions o f property or $14,000,000 6s and $6,000,000 5s maturing Jan. 1 and M ch. 1 1913. respec
acquiring or discharging liens on property o f corporations i n which 90% of tively. and to cover the cost of Improvements made and to be made. The
stock is owned. Sinking fund for redemption o f bonds at not to exceed par remaining $17,500,000 are reserved to refund the $130,000 divisional bonds
and int., $50,000 per ann. for 35 years; also all sums In excess of $50,000 per and for additions, extensions. Improvements and additions at not over
ann. received on account or principal o f any mortgages held as collateral $3,000,000 yearly. Bonds arefree o f Canadian taxes. V. 95, p. 1607. 1744
under such mortgage and any further payments authorized in case o f Issue V. 96. p. 134. 200. 789. 1421.— (V. 96. p. 1884. 1972.)
of further bonds or otherwise. Bonds retired through operation of the
CANADIAN NORTHERN R AILW AY SYSTEM.— The Canadian
sinking fund to bo held alive. T o Sept 1 1917 $357,700 had been retired, Northern
Railway System, with a maximum grade of practically ^
while $218,500 were held in treasury and $6,382,800 wore outstanding. or 1%. in July 1916 had In operation 9.455 miles, extending from Quebec
V. 97. p. 1503: V. 98. p. 1765: V. 100, p. 980, 1006.
Montreal and Toronto to Vancouver, British Columbia, with many
BUFFALO A SUSQUEHANNA COAL A COKE CO.— This company branches and intersecting linps In the provinces of Quebec, Ontario, Mani
It has in effect practically three main
the $1,300,000 2d M . 6% bonds o f which are owned by the B. & 8. RR. toba. Saskatchewan and Alberta
Corp.. owns coal lands at Du Bols, Onondaga and Sagamore, Pa. line divisions beginning west of Winnipeg, viz.; (1) the Transcontinental
Six mines in operation. V. 77. p. 1301: V. 79. p. 2091-92; V- 82. p. 1322; Division, nasslng through Edmonton, ou the way to British Columbia; (2)
Northern Division, extending to Prince Albert. (3) the Southern Division,
V . 85. p. 1266. 1st M . 5% bonds, $1,500,000, held by public.
POWHATAN COAL A COKE CO.— This company, all of whose bonds passing through Brandon and Regina, and reaching Calgary. V. 103, p.
are owned by the B. A S. RR. Corp,, owns coal lands at Tvler and at 664, 238, 2340. Mileage under construction June 30 1916: Eastern lines,
132 miles; Prairie lines, 510 miles; Pacific lines. 306 miles; total, 948 miles.
Sykes. Its coking plants have a capacity o f 1,800 tons o f coke dally. Key Grand
total when completed, 10,403 miles. As to rails for France, com
stone Store C o., stock $50,000, all owned by R R . Corp.
pare V. 105, p. 1103.
REPO RT.— For cal. years 1917 and 1916 (V. 106, p. 606).
In 1916 Canadian Pari, granted co. a $15,000,000 loan.— V. 102, p. 1981.
1917.
1916.'
1917.
1916.
A bill passed by the Dominion Legislature in June 1914 provided for
Operat’g revs-$l ,785,701 $1,678,686 Int. 1st M . bonds!$294,341 $261,522 (a) the guaranty by the Government of $45,000,000 new 4% bonds or
Net (aft. tax.) $311,373
$402,537 Other int., & c - - ./
43,939 debentures to aid In completing the system to a total o f 9,876 miles; (6)
/ldd-IIiro equip 1 674,508
309,405 Prof. divs. (4 % )-- 160,000 160,000 an Increase In the capital stock of $100,000,000, of which $40,000,000
Invost.,& c. I
202,071 Com. divs. (5 % ). 150,000 150,000 to be owned by Canadian Government and $60,000 000 by Mackenzie,
Total net___ $985,881
$914,013 Balance, surplus-$381,541 $298,551 Mann & C o., Ltd. The last-named to turn over to the Canadian North
DIRECTORS (and Officers).— F.. R. Darlow (Pres.), A. A. Jackson ern Railway Co. the bulk of their stock holdings in the allied railways
(V.-Pres.). P. G. Bartlott, Radcllffe Ohoston Jr., Herbert II. Dean, J. S. and the beneficial Interest In the associated express, steamship, telegraph.
Farlee, F .E . Hall, Percy O. Madeira, W . IlinckleSmith, Julius F.Workum. &c., properties. The ownership of the system is therefore concentrated In
Charlton Yarnall, Albert L. Smith and J. Rutherford McAllister. F. E. the Canadian Northern Ry. Co., which holds the following amounts of
Hall is Soc.-Treas.— (V. 104, p. 559, 1391; V. 105, p. 2183; V. 106, p. stock In the several associated companies whose lines, built or building,
aggregated the mileage here shown (compare V. 98. p. 1600. 1607 1918):
497, 606.)
In Sept. 1917 an Act passed by the Canadian Parliament authorized the
"BURLINGTON. "— See CHICAGO BURLINGTON A QUINCY R R .
Government (a) to purchase the remainder ($60,000,000) of the capital
stock
at a price to be determined by valuation (6) so soon as $50,000,000
BUTTE ANACONDA & PACIFIC R Y .— Owns Butte to Anaconda,
said $60,000,000 stock has been acquired to make advances to the
M ont:, and west to Sou thorn Cross, 49 miles; spurs, 34 m.; sidings, 57 m.; of
company
to a total not exceeding $25,000,000 (secured by blanket mortgage
total, 138 m.; also leases Stuart to Anaconda, 9 m.; total, 149 miles, of on the property)
In order to pay or settle any Indebtedness of the system.
which 122 miles operated electrically. V. 97. p. 1114; V. 96, p. 135. Stock. V. 105, p. 996. 1207,
1616, 1897. 2093. 2271, 2364; V. 106, p. 497, 714.
$2,500,000. of which Anaconda Copper Co. owns 51% and Chic. MUw. &
St. Paul lty. 49% . Dividends: 1910 and 1911. 6% ; 1912, 3% and 150%
Mileage Operated and Sub. Co’s Stock Owned by System July 1917.
In stock; year ending June 30 1915, 5% . Bonds ($5,000,000 auth. issue).
Miles o p . ---- Capital Stock 1917----of which $3,000,000 have been sold, are guaranteed prln.and Int. by Ana *See separate statement for this company. Mar’ l l
Total
Total.
Owned.
conda Copper Mining Co.
V. 98, p. 837. For year ending Dec. 31 ♦Canadian Northern Pacific R y________ 502 $25,000,000 $25,000,000
1916, gross, $“ •'88.132; net, $703,336; other Income, $30,323; charges. Canadian Northern Alberta R y ________ 259
3.000.
0003.000.000
$206,320; divs. (12% ), $300,000: bal., sur., $227,339.— (V. 101. p. 1884.)
Canadian North Western R y ___________ 26.3
2.000.
0002,000.000
See above
CAIRO & THEBES RR.— Owns Cairo, 111., to the bridge across thr Canadian Northern R y _________________ 4.918
Canadian Northern Saskatchewan R y —
50
1,000.000
1.000,000
Mississippi River at Thebes, 111., 25 miles. Leased to St. Louis Iron Mtn
10.000.000
10.000.000
A Southern Ry. for 99 years from Mch. 1 1911, rental covering Interest or ♦Canadian Northern Ontario R y ________ 1,508
52
53,500
53.000
an authorized Issue o f $2,000,000 4% bonds, of which $1,699,000 are issued Irondale Ban. & Ottawa-----------------------3.331.000
3.329.000
and outstanding, all owned by L. & N . V. 95. p. 1121. Columbia Trust ♦Central Ontario R y___________________ 167
55
1.395.000
1.395.000
Co. of Louisville, K y., trustee. Stock, $10,000; par, $100. Pres., A. ♦Bay of Qulnte R y ____________________
Fee owned
Brock. Westp. & N. W .................... ..........
44
Robertson, St. L ouis— (V. 95, p. 1121.)
♦Canadian Northern Quebec R y ________ 356
9,550.000 See that co.
♦Quebec & Lake St. John_______________ 285
4.524,000
4.002,800
CALGARY & EDMONTON R Y .— Owns Calgary Jet., Canada, to Ed
monton, Canada, 192.8 miles, and to Fort M cLeod, Canada, 107 miles; Wo- Halifax & S. W. R y .................................... 368
1.000.000
925.000
3,060,000
6.000.000
tasklwln to Hardlsty, 100.2 m.; Lacombo to Kerrobert, 223.1 m.; total. ♦Duluth Winnipeg & Pacific R y________ 171
623.4 miles. V. 93, p. 1785; V. 94, p. 910.
Northern Consol. Holding C o __________ ___
6.181.500
4,444,985
In 1903 released to Canadian Pacific (which owns entire $1.000,000 stock Northern Pacific & Manitoba R y ______ - 351 (Leased from Nor. Pac.—
V. 73, p. 610.)
and $5,900,000 1st M . 4% bonds) for 99 years; debenture stock interest
62 (See "E lec. R y. Section” )
Is guaranteed at 4% . In 2002 the bonds will be paid or a further lease en Nlag. St. Catherines & Toronto R y_____
tered luto. V <6, p. 434 V. 77, p. 1224; V. 80, p. 116.— (V. 94. p. 910.)
Total (see V. 105, p. 1305)................... 9,410
CALIFORNIA-W ESTERN R R . & NAV. CO.— Seo page 212.
The Can. Nor. R y. also owns all the capital stock severally of the Cana
dian Nor. Manitoba R y ., $250,000 Can. Nor. System Terminals, Ltd.
CAMBRIA & INDIANA R R .— See page 212.
(V. 85, p. 863), $2,000,000 M t. Royal Tunnel & Terminal (see that com
CAMDEN & BURLINGTON COUNTY R Y .— Owns from Pavonla , pany and V. 104. p. 1898). $5,000,000, &c. Subsidies, &c., V. 105, p.1207.
N. J.. to Pemberton. N. J., 22.34 miles; branch. Burlington, N. J., to M t.
LEASED LINES.— The Manitoba Hues of the Northern Pacific R y.
Holly, 7.12 m.; connection with P. &. a . RR. at Birmingham, N. J.. 0.3 351 miles, are sublet from the Provincial Govt, for 999 years from May 30
m.; other branches, 8.92 m.; total, 38.77 m. Organized In 1915 as a con 1901 at $210,000 annually for the first 10 years, then $225,000 for 10 years.
F
Oswego
Hamilton
X.Faif.Haven
CANADA
Charlotte^
Jioch eater.
)j| /Lock^rt^-vNiagara FullsJL£Niagara Falla
Oneida Lake
Newark
Batavia
Tonawt
Canandaigua
Geneva.
Canandaigua[Luke Stanley
Avon
^Attica
luffalY
Cayuga
Lukuru
Chautauqu;
Chautauqua
Lake
Lakewood
l&rrolltoi
Bradford ]
EJmiri
Freenlaus
O/? Van Vjejets
CyNiehols 1
- ______
ISon
V*
^y^EUlutid
^.j£rJ
ncouia____ Lawrenceville
Ingham*
^ p Vjffr&xaAmmy Corners
Eldred \ Shinglehouse1
Ltarabee
SinAhport y
oil
cr
rett o Port
Oneonti
Torning
Rcxville
’Bolivar
* y* * P
'' a
>4rh*binsvilU
7[
*Mt Summit
S*vk
Sleuth Gaines
hattan*
Coudersport
j/ T
Norwich
iFieeville
rvVan Etten'Jc.
fHorseheads OwegoJ
Chenango'
Forks
AN D
randa
.Ridgwayj
Hoytville
[Pitiston
Blackvillc
CORPORATION
CO N N ECTION S
At Du Bois with Pennsylvania Railroad and Buffalo
Rochester & Pittsburgh Railway.
At Sykes with Buffalo, Rochester & Pittsburgh Ry.
At Sinnemahoning with Pennsylvania Railroad.
At Genesee with New Y’ork and Pennsylvania Railroad.
At Cowanesque with New York Central Railroad.
Morris Run]
e-^jaFall wook
Scranton L“ kuwa*SH-
0leana
OF THE
At Driftwood with Penna. R. R. System for Buffalo.
At Addison with Erie Railroad and via Erie Railroad
to Elmira with D.L.& W. and Lehigh Valley Railroads.
At Xewfleld Junction with Coudersport and Port
Allegheny Railroad
At Ansonia with New York Central Railroad
At Keating Summit with Pennsylvania Railroad and
Potato Creek Railroad.
At V\ellsvillo with Erie Railroad
Stokesdale
iWell&boro
AII8011i
’Xolwon'.Run^to-Ai
HLurtuii
Ballsj Ruoyy .
B«rge kLun&O
|First Fork
LuahbttugbMJ*
LU M BER OPERATIONS
COAL OPERATIONS
r m
Brockwayvtlle,
North Bend
Sutque/uinna
-eating
Sl.mch Chunk
Stroudsburg
Newberry Jc. Williamsport
Hopatcou,
Kaston./phiMipsburj
BuiIpA
■y
Juneau
g]
R- A
pTroutville
Northumberland
Bouudbrook,
Sunbtxry.
"oBelJetonte
Perth
Clarksburg
Reading
Harrisburg
Trenton
^ Greensburg
rohnstown) —
'Altoona
Lancaster
Cresson
Pliiladelphi
i
[V o l . io g
Alleghi^
PIttsburj
Summit
?U»lefcein.
llearfield
K,.p
4fmv“
'e' sMahaflfey
ffKK
Uopsburf
a^amore
J
BUFFALO & SUSQUEHANNA
itjuehanna'
I t ./
Antrim.
Johnsonburg'
j\ _____
M AP
RAILROAD
ndover
lOlean
Cortland
Ithaca'
Watkins Glen'
Canlsteo
'Salamanca
Jamestewa
Hammondsport
Hornell
Belfast,
.Rotterdam
Schenectady------ M-/Troy
Otsego Lake(
R A IL W A Y STOCKS A N D BONDS
fayvilla
»Richfield Jc.
Richfield Sprs.
^^>^Alba»y
Hornell Jc.
Dayton *
\ Ashford
Brocton
^^Vtioa
Oneida
&yugt
Lake Keuka)
Springville;
THCuae
Skaneateles
\ Lake
Penn Yan
>unkirk
Camden,
iodu^Koi
R A ILW A Y STOCKS A N D BONDS
F t?b ., 1918.]
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Canadian Northern (Concluded) —
Manitoba Provincial bonds $8,000 per mile--------Perpetual consol debenture stock (V 81, P 1609)
First M deb stk $13,000 p tn guar by Canadian Govt
1st M stock $13,000 p m guar by Canadian Govt__
Dob stock $15,000,000 gu by Can Gov't red par . .
First mtge deben stock guaranteed by Saskatchewan
do
do
guaranteed by Alberta-------do
do
guaranteed by Manitoba._r
Mtge to Can Govt for advances ($25,000,000 auth)
Winnipeg Terminals uitge gold guar by Manitoba.o'
Incorne-oharge convertible deb stock redeem text
Secured notes £2,000,000 auth red 101 (V97, p 520)
do (V. 98. i). 1601).....................................
do $3,000,000 due each year gold_______
Secured gold notes V 1
Secured gold notes ( V . __
^ ---105, p
180), ----------.
Convert Collat Tr notes gold_____________
xxxCol
aid.
1st land gnfht M red 110 (money depos to redeem)
do
do red 105 to July 1917--------------—
do
do
callable at par--------------- -----Leading Outstanding Bonds of Allied Companies—
249
Qu'Ap Long Lake & Sask 1st M £1,050.000 guar..
Quebec A Lake St John deb stock g u a r . . . - - - - - - - 288 H
Old 1st M bonds (£6,425) and Incomes (£21.12<)
Can Nor Alberta By 1st M deb stk guar by Ca~ —
do
do
do
do
do
160
Can Northern Western 1st M guar by Alberta----do
do
do
do
do
Halifax & Southwestern Ry 1st M -----------Central Ontario R y ________________- - — -Bay of
V/itii iioi out-v"»u £’ t/i x
« 'v .
Niagara St Cath & Tor—See ‘Elec Ry Section
Can Nor Coal & Ore Dock lstM $2,000.000call 105. C o . . .
a Of which $360,392 Is pledged, b In addit ~~ " $1.65
1903
1908
1914
1909
1909
1910
1017
1909
1913
1913
1916
Par
Value
1911
1912-3
Rate
%
When
Payable
Last Dividend Places Where Interest ant
Dividends are Payable
and Maturity
A & O June 30 1930
4
$319,000
J & D30 Irredeemable
4
See text
M 31-S30 July 10 1953
3
9,359,997
3H J 20-J 20 July 20 1958
7,896,590
M & S Sept 1 1934
4
See text
J & D Jan 23 1939
8,030,000
4
J & D Feb 25 1939
4
5,586,666
J30-D 31 luno 30 1930
4
2.859.999
________ On demand
(■/)
3.0 >0.000
4 g J & J July 1 1939
$ &£
a23,000,000 Ud to 5 M * N 2 May 6 1930
F & A 12 Aug 12 1918
5
9,733,333
£100 &c
J & D12 luno 12 1919
5
2 190,000
6 g J & J 10 July 1918
$1,000 3.000,000
$1,000
£100
1914
1917
$1 000
1,000
1917
1917
1,000
£100
1899
1909 £100 &c
1913 £100 &c
1906
1911
1901
Amount
Outstanding
ID
£50,&c
1,250.000
2.700,000
10,000,000
b342.500
1,852.740
7.300,000
6g
6g
6g
4S
4
5
Sent 1 1917
J &J10Jan 10 1919
J &J10 July 10 1918
M & S Sept 1 1918
F & A Feu 1 1919
July 1 1938
J &* D A June
J
1 1923
5,019,681
4,252.503
4g
4
J
J
3,149.999
2,800.000
6,424.000
4.447,000
945,593
1909
£100
Qulnto Ry.— Du luth Winn.
$100
£100
1916
7,500 pledged.
1,750,000
&
&
J July 1 1936
J Perpetual
3 H j 20-J 20 May 41960
Apr 1 1962
aw
4 k eM & N Oct 22 1943
4H J & D Feb 18 1942
3>A M31-S30Sept 30 1943
J & J Jan 1 1934
5
& Pac.— See those companies.
6g
J
&
J Jan 1 1936
Can Bank of Comm, Toi
London, England
do
London and Toronto
do
do
London
do
London and Toronto
London. Toronto & N V
None paid 1915-M ay'16
New York and Toronto
New York
N Y and Toronto
do
do
Nat Tr Co, Tor or Lond
London, England
Loodon and Toronto
Can Bank of Comm.Lor.
London and Toronto
London and Toronto
Tor, London, &c
Toronto and London
London and Halifax
CanBk ofCom,Lon&N Y
New York City
G U A R A N TY .— For first 3 years 3fter road Is opened from Vancouver to
Quebec the Govt, agrees, at the request of the company, to advance all or
any portion of the lnt. on the $45,000,000 4% deb. issue auth. In 1914 (see
above) and not to enforce the re-payment of same until the principal ma
tures in 1934, provided the company pays 4% int. on any sum so advanced
(V. 98, p. 11308. 1601.) Similar provisions were made respecting the
Dominion guaranty of the bonds on the Canadian Northern Ontario Ry.
between Montreal and Port Arthur, but for 2 years only. See V. 105, p.
1304.
LEASED P R O PE R TY.— Canadian Northern Coal & Ore Dock Co.
1st M . sinking fund gold 5s, due Jan. 1 1936 (callable at 105 & int.),
$1,750,000 outstanding in July 1916. See V. 103, p. 146, 323.
REPORT OF COMMISSIONS.— On Mar. 20 1917 a Special Commission
composed of Edward E. Loomis, Pres. Lehigh Valley RR. C o., and John W .
Patten, Pres. U. S. Mtge. & Trust C o., assisted by Ooverdale & Colpltts
of N. Y ., consulting engineers, made a report (V. 104, p. 1700). concluding:
1. The project as a whole Is sound and its traffic resources should de
velop rapidly under normal Immigration and labor conditions.
2. Its general topographic features are favorable and Its physical property
Is modern and generally in good condition; but Incomplete as to certain im
portant features; expenditures for maintenance should be increased.
3. Tho capital Invested appears to have been secured economically
and expended wisely. In our judgment tho road could not bo duplicated
for anything like Its cost.
.
_____ ,,
.,,
4. Its fixed capital liabilities cover all o f Its 9,513 miles o f line owned or
operated except 58 miles of trackage. They include: Bonds and equip
ment notes, $282,127,431; short date notes, loans, &c. (V. 102, p. 1981).
$102,080,252; total, $384,207,683. [Income charge convertible debenture
Particulars regarding various of the securities Issued were given In V. 105, stock
and common stock are not Included.]
n 1304 .also as follows: (a) Perpetual consolidated debenture stock. V. 76.
5. Outstanding short-date notes, temporary loans, &c.. which must be
d . 1247: V. 77, p. S7: V. 80. p. 996; V. 81. p. 1609; V. 86, p. 1099; V. 87, p.
amount to S86,202.085, against treasury assets of $103,238,796.
&5; V. 89, p. 1279; V. 90, p. 770. 1424, 1489; V. 93. p. 406; V. 94, p. 1695; funded,
6. Wo estimate the system's net cash requirements for completion or
V 98. n. 1601. (W 3% 1st M. dobouturo stock, guaranteed bu Dominion terminals, extensions and branches (for most part already under construc
Government, dated July 29 1903. V. 80. p. 1234; V 76, p. 1299. (c) Cana tion), miscellaneous impts. and working capital at $54,000,000 over a
dian Northern Alberta, V. 90, p. 1295; V. 92, p. 794, 880; V. 93, p. 162; three-year period, and at $86,000,000 for fivo-year period.
V 96 l). 284. (d) Debenture stock, guar, by Province of Saskatchewan
7. We estimate the total cash requirement at$67,000.000for throe-year
arid Province of Alberta, soo V. 89, p. 40; V. 88. p. 761, 1497, 1619; V. 91, period and at $ 101,000,000 for fivo-year period.
p 1322; V. 94, p. 1316; V. 97. p. 15.82; V. 98, p. 761. (e) Canadian North!
8. We estimate the fixed capital liabilities at $402,000,000, exclusive of
ern Western Ry. 1st M . 4 H % , guar. prin. & int. by Province of Alberta. income charge convertible debenture stock at end of three-year period, or
V 93 D. 1724: V. 97. p. 1583; V. 98. p. 610, 838, 1155.
p. m.; and at $196,000,000 at the end of five years ($47,715 p. m.)
In July 1917 $61,837,789 Perpet. Consol. Deb. stock had been Issued, 316,569
9. We estimate that tho capital Invested will amount to $521,000,000 at
but of this only $44,944,565 was In hands of public; $11,893,224 was out end of the three years, and to $555,000,000 at end o f five years.
standing as collateral for loans. V. 102, p. 1981.
10 Wo estimate the gross revenue at $67,744,000 and profit and loss
INCOME-CHARGE STOCK.— The 5% income-charge conv. deb. stock* surplus at $329,000 for the first year, following tho completion of the three
limited to $25,040,00). Is red. at any time after Mav 6 1920 and Is con year program, and at $80,320,000 and $4,615,000 during the firs year fol
vertible until Jan. I 1922, at holders option. Into full-paid common shares, lowing the fivo-year program. (Estimated gross for 1917, $41,000,000
3500 (or £102 17s.) of dob. stock for $500 capital stock, on 30 days’ notice. net. $10,250,000. against $16,940,000 in 1920 and $24,800,000 in 1923, as
The Interest Is payable May 2 and Nov. 2 only to the extent that the net against Interest charges est. at $12,077,000. $17,942,000 and $20,285,000.
Royal Commission report, V. 101, p. 1800, 1754, 2235; V. 105, p. 1207earnings are sufficient after paying fixed charges. Interest paid In full to
EARN ING S.— 6 mos., (1917...........Gross, $21,854,800; net, $3,335,100
Nov 1914
No payments in 1915, 1916 or 1917. V. 100. » . 1347, 1509;
July 1 to Dec. 31.
\1916...........Gross, 21,631.500; net, 6,296,100
v fflO .p . 1674; V. 91, P- 1322; V. 92, p. 1031; V. 105, p. 1801.
REPO RT.— Year end. June 30 1916, V. 104, p. 159. Year 1916-17
(Juno est.), V. 105, p. 1304. Average miles operated June 30 1916,
8,048 miles. Grain traffic in 1917, V. 105, p. 1522.
1916-17.
1915-16.
1914-15.
(a now issuo’of $2,700,000) being sold (see below) and $3,000,0f)0 will ma! Gross earnings.......................................$42,319,687 $35,476,275 $25,912,106
9,995,286
6.846,801
Maintenance.
turn Julv 10 1918. See collateral in V. 103, p. 144; V. 105, p. 180.
553,076
562,995
Secured gold notes of 1917 duo July 10 1918 $2,700 000. see V. 105. p.180. Traffic expenses__________________ 30,794,332 13,384,548
10,154,511
Tiro $10,000,000 collateral notes of 1917, issued to refund notes duo Transportation___________________
2,169,834
1,724,507
Genoral
expenses,
&c_____________
Sept. 1 1917, are secured by pledge of $15,333,334 20-year General Mtgc.
4% bonds, duo Sept. 1 1934, part o f the authorized $45,000,000 guaranteed
Not earnings...........................(ostA S ll,525.355 $9,373,530 $6,623,292
by Dominion of Canada, principal and interest; they are convertible at
par and int. into the pledged guaranteed bonds at 79 and int. at option of Fixed charges Canadian Northern R y_________ $6,533,062 $6,010,421
do
affiliated companies.........................
3.088.595
2.253,154
holder, on or beforo Juno 1 1918, on ten days notice
v . 105. p. 817.
------------ (2^)625,000
Tho $1,750,000 notes one-year dated sept. 1 1916, secured by bonds of Int. on incorno charge convertible debenture-----M t. Royal Tunnel & Terminal Co. (which see) were extended to Dec. 1
$248,127 $2,265,283
Balance, deficit (see "note” below)...............
1917 and then paid off; $ 1,250,000 6% notes of 1917 were paid Jan. 10 1918. Previous
6,962,894
3,745.179
accumulated surplus brought forward..
V. 103, p. 1209. 1887; V. 105, P- 2271, 1801, 1209.
$3,497,052 $4,697,611
LAND G R A N T.— In 1917 tho land account showed that tho Canadian
677.201
117,886
Northern R y. bold 843.127 acres of laud in Manitoba and Saskatchewan Delayed items, $67,886; accrued taxes, $50,000.
and 2,000,000 acres In Ontario, and 402,860 acres in Quebec— in Saskatche Acer. lnt. on bonds & equip. secure. to June 30 ' 16,
275,230
602,455
$1,509,670; less $907,215 accr. int. to June 30'15
wan valued at .$15 an aero and that in Ontario and Quebec at $3 an aero.
Estimated total value of unsold lands, $1 J,o«)5,48o; deferred paymonts reTotal accumulated surplus as of Juno 30------- $2,776,711 $3,745,180
celvablo, $7,140,997; cash in hand from lands, $2,408,683. Total land
assets $29,405,165, against which there wore mortgages outstanding of
N OTE.— Tho Canadian Royal Commission reported: “ Tho report for
$21,251,073. V. 105. p. 817. 1207, 1304- V. 85, p. 1205; V. 76, p. 1083; tho year ending Juno 30 1916 appears to show that, after paying working
V. 75. p. 183, 549; V. 81, p. 263.
expenses and fixed charges, the company has a deficit of only $248,127.
But this report does not disclose the fact that more than $5,400,000 was
First M . Land Grant 4s of 1909. V. 87, p. 479, 1477; V. 88, p. 1126.
paid for interest and charged to capital as part of the construction cost of
5% Land Mortgage Debentures.—The bonds £3,500,000 auth. Issue, of a system which was all but completed. According to an estimate submitted
which £1,500,000 sold) are a specific charge on all of the deb. stock and to us by tho company, tho fixed charges for tho year ending June 30 1917
capital stock of tho Canadian Northern rown Properties, Ltd., which is will bo $16,539,638. Of this tho Dominion and British Columbia Govern
developing towns and villages; also on the land grant o f the railway and de ments havo undertaken to pay $4,514,507 under certain agreements. This
erred paymonts on land sold. V. 100. p. 393; V. 97, p. 1424.
loaves tho company to find out of net revenue about $2,500,000 more than
it had available this year. Tho above agreements to pay Interest are only
EQUIP. TRU STS.— Imperial Rolling Stock Series Gold ($500 and $1,000 for two and three years, respectively.” V. 105, p. 1207, 1304.
ch)— Interest Semi-Annual— All 4 Ms Lxcept Series “ i f - 1” and “ L -l" 5s.
each)
OFFICERS.— Chairman, Hon. Frank Cochrane; Pres., Sir William
Ser. Date. Outst'd'g. Install. Due.
Install. Due.
V.-P., Sir Donald Mann; 3d V .-P., D. B. Hanna; Sec., W. II.
D-1.1912 $l.435.(fco $165,000 A&O Mackonzio;
R __ 1908
170.000 Mar. 1918
Mooro,
all of Toronto, Ont. Directors: Sir William Mackenzie, Sir Donald
S.
. . 200.000
1909
100,000 Ma . E-1.1912 1,050.000 105.000 M&S Mann, R. J. Mackenzie, Z. A. Lash, Frederic Nicholls, E. R. W ood, D. B.
T.
..1909
300.000 150.000 Sept. F-l .1913 2.320.000 210.000 M&S Hanna, W. K. George, Toronto, Ont.; R. M . Horne-Payne, London, Eng.;
U.
..1909
600,000 1/50,000 M&S W . J. Christio, Winnipeg, Man.; Graham A. Bell, Toronto.— (V. 106, p .711)
50,000 Nov. 0-1.1913
150.000
V__ 1910 1.200,000 300.000 Nov. II 1.1913
550,000
40.000 J&D
A-l-1911 1.292.000 184.000 F&A K-1.1914 1.475.000 105.000 A&O
CANADIAN NORTHERN ONTARIO RY.— (See Map Canadian North
B -l-1911
66.000 F&A ern Hu.)— Owns: Montreal to Port Arthur, 1,010.94 miles; Toronto to
600.000 175.500 M&S L - l . 1916 1,184,003
C -l-1912
--------- ------------1.990.000 110 000 A&O ,
Capreol, 276.43 miles; Toronto to Ottawa. 250.25 miles; total. 1,537.62
X Approximate, y Amount changes In 1918.
miles. V. 92, p. 162; V. 97, p. 1023. Owns modern ore-handling plant at
Key Harbor, 80 miles from Moose M t. Iron mines.
As to equipment trusts L -l, 1910. see V. 103, p. 664
then $275,000 for 10 years, and thereafter $300,000. with option of purohase
for *7 onn non
V.
i2 .
i>. 437; V. 73, p. 615.
QuLXppelleLong L a k e * Sask. deb. stk.. V. 83. p. 214, 324. 688. 1036.
CAPITAL STOCK.— Of the $125,000,000 cap. stock as Increased In
1914 $25 000 000 Is Issuable only In exchange for Income charge stk.:
V. 98, p. 1600; V. 100, p. 393; V. 105, p. 996. As to purchaso by Canadian
Government, see above.
FUNDED D E B T .— The funded debt o the entire system Issued,
nlodged and outstanding, and also the floating debt, was given in detail as
6f Juno 30 1917 in V. 105, P. 1304.
•
, ,
The issue o f $15,000,000 debenture stock was guaranteed In 1914, princi
pal and Interest, by the Dominion Govt, under plan outlined in V. 98, p.
1600. 1007, 1918. In May 1916 $44,866,667 of this Issue had boon disposed
of as follows: Sold in 1914 and 1915, S17.033.333 (£3,500,000); pledged
with Dominion Govt, against advance Of $10,000,000 Dominion notes,
$12,500,000; pledged as part security for 2-yoar 6% notes for $11,500,000,
$15 333,333. See also v. 102, p. 1982; V. 99, p. 269, 341, 536, 747, il2 9 ,
1450: V. 100, p. 307, 1591.
„
. .. t . , ,
The £2.555,600 4% first mortgage consolidated debenture bonds of
1904 have principal and int. guaranteed by Govt, o f Manitoba. A part
of this Issue Is held In trust to retire; (a) £105,300 Manitoba & iSoutneastern 4% first lien on 108 miles, assumed; (b) £233.700 Canadian
Northern R y., Slfton branch,4% bonds,secured on 197 miles SIftou Junc
tion to Erwood. guaranteed, prin. and lnt., by Manitoba Government.
(C) £500 Gilbert Plains 4% bonds. V. 80. p. 116: V. 78, p. 1274: V 70.
p. 2794; W 81. ^ 1 6 0 7 ; V. 82, p.568. Winnipeg Termls. 4s have samo guar.
MAP
OF
THE
CANADIAN PACIFIC RAILWAY ~
T he Minneapolis , S t . Paul & S ault S te . Marie Ry .
.JAM!
Shin
T he D uluth . S outh S hore & A tlantic Railway^
AND
ANTICOSTI
CONNECTIONS
(EASTERN SECTION)
.
^■‘ VERpool
L. Mistassinis'
Sandy L.
lake I
.Evans’
Zhiska L.
Saguenay R. ^
Kobervaj'^s
Cliambord J j;
Shalogam a
'Lake
*Nipigon-
Cochrane
a.
'ilatbesi
\ “ ~feaeS
•o^ranM
(-Veteghau
SlieV-wr^: V
II alej o
rw *“
Virginia^
p
a
y
*
I&rrjvaleR>^c*W$V'
V
o oV
o. iil£sieaippi%^^v^ T
S' i»U
B0T L
A
M
■ Aa^iu2P>iEf./* Ki
#?K '
; fsc«vA?/s?
IUWk
S
I S
R A IL W A Y ST O C K S A N D B O N D S
Albany
^
Svj^25^^Tillnnan(Qu^(
jxingtoi ^T lOMd'Oti jrjLfc
J^TCIHOK^AB£ \
Winoua^
Uteri LeJ
NOTE
am SINGLE TRACK
= ." ’
: DOUBLE TRACK
<
d c s b bd UNDER CONSTRUCTION
•••«•••• TRAFFIC ARRANGEMENT
OR TRAFFIC RIGHTS ONLY
6CALE OF MILES
^Oelweiu
Waterloo,
CcUur Rapids,
Cliutoqx
uroru ..- ^ammJ
ou
^urora^P
u(l4
^JoUev^^M^CooV
i
[Vol. 108.
Cahuaj
f
Granville
>7IslandL.
'tt&shz,.
Sandy L.
iClear L.
Waskaiowaka
Assean L.
Jelson L.
goERICK 10.
-ptrcupMJ^
F E B .. 1 9 ' 8 ]
Burns,
'■rteniz!'
Kississing L.
Boat,
Lore L.
y AthapupusJcow
Montreal L,
Gods Lake
Cormorant L.
Cumberland L.
Molson L.
J^lMoose Lake
Rossville
Island Lake
prince Albert#V<
Cedar L.
Melton
Hudson Bav^
coanTnurc
ItOVSlCMf
, ««:<!»
QO^Sg
m
l Swan KiverVv
’ Durban\
yl
& WinnipegosiK
U*> ^ \ / S [ton Jc.
-^oWouua'-
M Ss*
" fcANA'US^
L^TSUlTM
LAKE Y|
'jmgjjPEGOsis
i°^'<s>rc£?{J*vaM!«a
v
Martin ■»'
LaupIlitH.
•MORE 1
Prlncetou'
c **W g
iWij,
^ h fa ^ g a g s g s
7
HlnsdaJe^s
M«k RIt^
^| § I
1 1
.U^N-Sui*
1
W#P
P
n
lfo
u
T
VsviUe
‘wlstowi
Garneil
Stlte,
r*BgerOl(
Waehburn
Ealdwi
Lombard
ipringfleld
Baker
IyieM
fIEFR
SSO
X
N
MER
SO
N.
MaiW
BISMARCK
Stewartdafi
Evergreen
IW
jp s ^ s ^ v s
EMahnomen
■ Callaway
•wtobi^^V
Fargo/'
Vi.
?L'> / c
«Iv
o <
v1?^!
icranton
Bed Lodged
M AP
o f
THE
*ack»y
CANADIAN PACIFIC RAILWAY '
g
Aberdeen
MW*
'ONAL
Rk
.Arvada
utewood
T he Minneapolis . S t . P aul & S ault S te . Marie Ry .
idwood'""
Wolsey
T he Duluth , S outh S hore & A tlantic Railway
AND
(WESTERN SECTION)
Chamberlain
CONNECTIONS
-
-a>nn)on'
Albert
‘Sioux Falls;
R A IL W A Y STOCKS A N D BONDS
L.Dauphinl
Fe b ., 1918. J
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
■For abbreviations. &e., see notes on first page]
Miles Date
Road Bonds
268
Canadian Northern Ontario— Guar deb stk (sec text)
Perpetual consolidated debenture stock__________
Guaranteed 1st M deb stk, $35,000 per mile---------208
Can Nor Pueific— 1st M deb stock gu by Brit C olum ..
1st M term deb stock gu by Ur Col________________
Branch line stock ($11,805,000) issued $5,330,128-
Second charge stock ($5,100,000) issued $4,999,999
Can Nor Quebec— Gt Nor cons M $5,462,000 (text) Ce
Perpetual guaranteed debenture stock (see text)-Canadian Pacific—Stock $335,000,000 authorized-----Preferred stock limited to 4% non-oumulatlve----- r
180
First mortgago on Algoma Br g _______________o* Ar
Oonsol Derpetual debenture stook_________________
Collateral bonds .$200,000,000 call par after 20 yrs
Special Investment fund note certificates red p a r ...
Vlc Roll Stk&RealtyCo eq tr serT$470.000saPeP.c*
—
Securities of Principal Leased, A c.. Lines.
215
Manitoba S W Col Ry $12,000 per mile Int guar gold
346
Atlantic & Northwest— 1st mortgage gold gu.-O’ &r
58
St Lawrence A Ottawa—first mortgage gold see text
__
Ontario A Quebec stook guaranteed In perpetuity..
678
Ontario A Quebec deben Interest guar In perpetuity
191
Toronto Grey & Bruce 1st M gold Interest as rental
174
New Brunswick Ry 1st M gold lnt from rental— o
Perpetual consol debenture stock, Interest guar..
81
New I3runswlck So 1st M ______________________ Calgary & Edmonton deb stook gold Interest as rent
52
Branch line bonds $1,040,000 (owned by CanPao)
39
Lindsay Boboavg A Pontypool 1st M $700,000 gold
Quebec Central stock dividend guaranteed
1st M deb stk lut gu red 110 after 20 yrs
2d M deb stock prin and lnt guar--------3d M bonds prin aud lnt guaranteed-. . .
14
Aroos Val El RR 1st M $300,000 g red 105
o A At
Minn St P & Sault Ste M
Carolina Central— 3onds- -See Seaboard Air Line Ry
8
C a r o Clinchf & Ohio— Lick uru & l w tsi ivi b b ' u- j
256
1st M $15,000,000 red 110---------- - - - ---------- -F.xo,
Mortgage gold notes $5,000,000 redeem par.bq.xo
31.89
Equipment gold notes ser
1908
1909
1911
1909
1913
1904
____
1888
1889
1917
1914
1915
1884
1887
1876
___
1883
1884
1890
1890
1905
1903
1909
lantlo
1903
1908
1909
1917
1908
Rais
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Various 1936 and 1938
3M
4
A & O 2 Perpetual
3H J & J 20 May 19 1961
A & O Apr 2 1950
4
4H A & 02 April 2 1950
Wi
Apr 2 1950
Apr 2 1950
4>*
do
A & O Oct 1 1934
$100 &c $3,505,750
4
4
J A D31
5,250,369
$100 260,000,000 10 in ’ 17 Q —J Apr 1 1918 2M
A & O Oct 1 1917 2%
4
$100 80.681,921
£100 Ac $1,650,000
5 g ■J & J July 1 1937
£ &$
J & J Irredeemable
See text
4
1947
M & S Mar 2 1924____
$20. Ac 52,000.000
8
$ 1,000 9,870.000
4M S J & J July'18-July ’28
Can Bk of Commerce,Lon
C Bk of Com, Tor A Lon
do
do
London and Toronto
do
do
June 1 1934
Jan 1 1937
See text
Dec 1917 3%
Irredeemable
July 26 2882
K
Aug 11934
S
Irredeemable
Jan 1 1933
2002
C
r
a
j 1955
2 T A J July 1 2002
J & J 15 Jan 15 1918 2H
F & A
338 ono
J15 Jan 1 1963
3 H ,T
.Tnn 1 1Q63
500 &c
$3oo;ooo
4>£ g F A A Au2 1 1929
— See sta tements of those oo mpanles
London & 31 Pine St N Y
Baring Bros & Co, Lond
Can Pac office, London
Montreal and London
Morton, Rose, London
Toronto and London
London
do
Guaranty Trust C o, N Y
Can Pac Office, London
Can Pac Office, Montreal
Bk of Montreal, Toronto
$7,859,998
8,883,638
34,229,997
16,412,001
8,614,000
$ 1,000
£100 &o
£50 Ao
$100
£1
£100
£100
£1
$2,544,000
£1,330.000
£ 200,000
$2,000,000
£4,007.381
£719,000
£600,000
£904.533
$500,000
£1,121,700
$ 1,000 $1,040,000
1.000
500.000
£fiQ4 S/aO
200,000
1.000 13,050.000
1,000
2.000.000
1.000
6.090,000
1.000
260.000
ORGAN IZATION .— Controlled by the Canadian Northern Railway
Co. Debenture stock, 3 'A %■ V. 87, p. 96; V . 88, p. 1060.
The 4% perpetual consol, debenture stock of 1909 Is a first lion from
Ilawkesbury to Ottawa and from Ottawa to Niagara, via Totonto, with
additional charges on other lines; o f this stock, excluding £o32,192 under
trust deed o f Oct. 4 1911, securing guar. 1st M. deb. stock o f 1911, some
*£883.638 is held by public. V. 102. p. 1981; V .89.p ,162; V 9 7 .p 1424.
In May 1911 the Canadian Government agr eed to guarantee 3
50-year
1st M. deb. stock at $35,000 per mile on not exceeding 1,050 miles, toconstruct line front Port Arthur to Montreal via Sudbury and Ottawa Valley,
1.022 m
Guaranty. V. 93. p. 1667; V. 92, p. 1635; V. 93, p. 1190,1667.)
CANADIAN NORTHERN PACIFIC' RY.— (See Map Canadian Northern
Ry.)—Owns a lino across the Rockies from Yollowboad Pass to Vancouver
anil Pacific tidewater, about 500 nr. Also a 150 mile lino to the east coast
of Vancouver Island and a 145-milo lino to Vernon, and thence via Long
Lake to Kelowna and to Okanagan Lake. V. 92, p. 1309; V. 93, p. 526;
V. 101, P- 46; V. 103, p. 2078; V. 105, p. 120#. Has trackage rights be
tween New AVestminster and Vancouver, B. O., 12.67 miles. V. 105, p.1207
Stock auth. and outstanding, $25,000,000; par, $100. First mtge. deb.
stock was Issued under Act o f 1910, guaranteed by the Province o f British
Columbia, the Canadian Northern Ry. to Indemnify the Govt, against any
loss
Of the dob. stock, £3,372,329 is listed In London and £550,000 and
£392 739 pledged to secure Canadian Northern note issues. V. 93, p. 1461;
V . 94 P 1565; V. 91. p. 37. 93; V. 90, p. 696; V. 89, p. 1141; V. 97 p . 80
The 1st M . terminals 4 H % deb. stock authorized by the Terminals Act
1913. and guaranteed, prin. and int., by tho Province o f British Columbia,
is limited to $10,000,000 or its equivalent, £2,054,794 10s. 4d
V. 96.
p 651. 1838; V. 97. p. 297. 364; V. 100, p. 1591.— (V. 105. p. 1207.)
CANADIAN NORTHERN QUEBEC R Y .— (See Map Canadian North
ern Ry.).— Owns Montreal to Quebec, 176.07; Hurdman to Jolletto, 124.24;
Rinfrct Jet. to Huberdeau, 45.28; Paradise Jet. to Rawdorr, 15.88; Xldred
Jet. to Shawlnigan Falls, 3.80; Garneau Jet. to Riviere a Pierre Jet.. 39.84:
total, 405.11. See V. 95. d . 1402; V. 97. p. 1023.
’
Capital stock, $9,550,000 common and $3,000,000 statutory 5% Income
stock; outstanding June 30 1917, $9,550,000. In July 1917 the Can. North.
R v. owned $2,000,000 of tho company s stock and also 71.9% stock in
Northern Consol. Holding C o.. Ltd. which owns $5,144,600 of C. N . Quo.
R y. stock; total so controlled, $7,144,600, or 74.7% . V. 95, p. 1471;
v f 96, p. 201; V. 97, p. 951.
SECURITIES.— Regarding 4% perpetual debenture stock guaranteed
by the Canadian Northern R y., see V. 84, d . 968; V. 84. p. 693, 748.
There are $3,505,750 4% bonds of the Great Nor. R y. of Canada, guar,
as to prin. and Int. by Canadian
P £ ’ :Q£ entrnaL TJ’U8t C o ’ o f « . V.
Office, Toronto, Ont.— (V. 96, p- 201, V. 97. p. 950.)
CANADIAN PACIFIC R Y .— (See Maps).— Owns a trans-continental
railway from
Montreal to tho Pacific
.......
II Will --------------„ on_Ocean. made up as followsDoc 31 1916
778
Montreal to Vancouver-----------2.895 Operated account of owners
Also controlled but oper. sep.—
Branches and auxiliaries--------- .>,037
Leased lines_____________________ n. aMlnn. St. P. A Sault Ste. M ._4.228
a Duluth South Shore A Atlantlo 625
Used Jointly__________________
aSee each company’s statement.
12,981 Spokane Int.R y.(V .103,p.l981).164
Total In traffic returnsTho 5 milo tunnel through tho Selkirk M ts. was put in use in Dec 1916.
HISTORY, ETC.— Incorporated Feb. 17 1881 under charter from Do
minion of Canada, receiving $25,000,000 In cash as a subsidy; also 25.000.
000 acres o f land, all to bo fit for settlement. Steamships, see V. 100, p.
811; V. 101, p. 016. 099.
STOCK.— Tho issue of preferred must never exceed one-half tho common.
COMMON DIVS— r0 3 . ’04-’06. ’07-’09. ’ 10. ’ l l . ’ 12. to Apr 1 19is!
R R . earnings since 1902} 5M 6 yrly. 0 yrly. 6 H 7 7 yrly \‘2 >4 % quar.
Land sales, Int., &c___ J .................
1
1
2 H 3 y rly |
BONDS. DEBENTURE STOCK, GU ARAN TEED BONDS, A c.—
List of securities owned Juno 30 1916 In V 104, p. 1605.
In June 1917 made a loan o f $10,000,000 to the Imperial Munitions
Board to assist in mooting financial requirements for the purchase o f muni
tions in Canada during tho next year. British Treasury bills, it is said,
woro taken as security. V . 104, p. 255...
In 1916-17, for the benefit of the Britlsh treasury, tho company agreed to
Issue In tho U. S. between $175,000,000 and $200,000,000 or collateral
bonds, secured by Issues then outstanding, held under tho control of the
British Treasury. This plan was Indefinitely postponed In 1917 when, with
tho entrance o f the U. S. into the war. other financial arrangements became
more destrablo. V. 104, p. 1604.1590, 1898: V. 105. p. 715.
Late In 1910 $40,000,000 4% Consolidated debenture stock over and
above tho $170,284,882 (£35,611.124) then listed on tho London Stock Ex
change, was issued and loaned to the Imperial Treasury for a maximum
period o f five years, at a premium o f
per annum, over tho Interest
payable on the stock. Provision is made in the agreement for the sale to
tho British Treasury o f this stock in annual Installments, should tho com
pany requlro money for any o f its purposes In Great Britain, and the
Treasury roserves the right to purchase all or any o f the stock (luring tho
fivo years at tho price o f 80% o f Its face value. V. 104, p. 1604, 1388.
In Juno 1890 company guaranteed tho principal and interest o f $20,000,000
4% bonds issued by tho Dul. So. Sh. & A11.: also 4% lnt. on Consolidated
bonds o f tho Minn. St. P. & S. Sto. M ., and In 1899 interest on the 2d M ,.
4s of tho latter. Owns Dul. So. Sh. & Atl. consols, $15,107,000.
Si. Lawrence A Ottawa bonds are endorsed witn tho Canadian Pacific's ac
ceptance of a 999-year lease at a rental sufBelent to pay 4% lnt. on bonds,
and the bondholders’ agreement to accept lnt. at 4% (Instead of 6%) and to
refry In from demanding principal (due 1910) during lease. V. 90. p. 1361.
The New Brunswick Hallway consolidated debenture stock has Interest
guaranteed by Canadian Pacillo; Interest on the 1st mtge. bonds, though
not guaranteed, is paid out of rental under 990-ycar lease of 1890.
The Calgary a Edmonton Ry. debenture stook Is guaranteed interest at
4% under new lease of 1903. V. 76. p. 435: V. 77. p. 636.
The Lindsay Bobcaygeon * Pontypool Ry. bonds are Issued under a 99year lease covering the Interest. V. 77, p. 1225; V. 79, p. 2085.
,•_<
Amount
Outstanding
Par
Value
23
5
6
(8)
6
5
4
5
4
3
4
4
4
5
2
s
4
5 g
5g
52
5 25a
J & D
J & J
J A D15
J & D
J & D
J & J
F & A
J A J
J & J
J3 A J
Can Bk of Com,NY A Tor
London
Lond A 31 Pine St, N Y
Company’s Office. Lond
Baring Bros A Co, Lond
Company’s Office. Lond
New York and Montreal
Royal Tr Co, Montreal
N Y and Augusta, Me
Wash (D C) Loan&Tr Co
T A J Jan 1 1933
Blair & Co, New York
T A D Juno 1 1938
do
do
1 A .1 July 1 1919
do
do
F A A Jan 1 1920
do
d«
J A D Juno ’ 18-Dec '18
The Interest on the Aroostook Valley (Electrlo) R R . 20-year 4 >4% bonds *
which has completed a first unit of 14 miles from Presque isle to AVashburn,
Me., Is guaranteed.
V. so r>. S46; V. 90, p 107: V 92. p. 259
Victoria Rolling Stock & Realty 4>5% V .99, p. 1672, 543: V. 100. p. 139
SPECIAL INVESTM ENT FUND NOTE C E R TIF IC A TE S.— On
Dec. 8 1913 a trust Bind was created known as “ Tho Special Investment
Funds", made up of deferred payments on land sales and securities in which
the cash proceeds of land sales are Invested, to the aggregate of $55,000,000;
Royal Trust Co. of Montreal, trustee. Stockholders were offered the
right to subscribe pro rata for $52,000,000 6 % note certificates at 80. The
certificates will be payable at their face value on or before Mar. 2 1924. but
may he redeemed bv drawings at any time. V. 97, p. 1732, 1897; V. 99,
p. 544; V. 103, p. 937. Compare V. 104. p. 1605. 1606.
LANDS.— Lands unsold Dec. 31 1916 were 200,859 acres In Manitoba,
1,904.712 acres In Saskatchewan, 3,524,300 In Alberta (of which 478,183
are Irrigated), 1,080.022 In British Columbia and 46,933 acres o f coal land
in British Columbia, Ac. Total o f all lands owned, Dec. 31 1916,7,444,181
acres. See V. 103, p. 851. Total saios for 6 mos. to Dec. 31 1916. 328,574
acres, for $5,295,345. Book valuo o f unsold lands and other Inactive assets,
Dec. 31 1916, $123,442,275.
SUB. COS.— Dominion Atlantic R y., Yarmouth to Truro, with branches,
total 247 miles, with 45 miles trackage to Halifax, Is leased for 999 years
from 1912. V. 91. p. 728; V .9 0 ,p . 1490, 1424: V. 93, p. 1461; V 94, p.278.
Alberta Ry. A Irrigation C o., see V. 92, p. 955; V. 93, p. 593: Ar. 94, p.
1316; V. 95, p. 617- Quebec Central R y ., see V. 93. p. 667, 1106; V. 94,
p. 1625: V. 96. p. 361, 715.
EARNINGS.— 12 mos., J1917____Grass, $152,389,335; net, $46,546,01 9
Jan. 1 to Dec. 31.
\1916___ Gross, 139,729,687; net, 50,476,499
R E PO RT.— Fiscal year now ends Dec. 31. Annual meeting is held at
Montreal on tho first Wednesday In M ay. Report for 6 mos. to Dec. 31
1916. in V. 104, p. 1585, 1604: for year 1915-16, V. 103, p. 838. 850; and
proceedings at annual meeting Oct. 4 1916, In V. 103, p. 1508, 1520.
-Years ending June 306 Mos. end.
1914.
1915.
1916.
Dec. 31 ’ 16.
12,917
12,044
12,994
Miles operated_____. . .
12,989
$
$
$
(1) Revenues—
5
Passenger_____________ 15,988,424 24,960,652 24,044,283 32,478.146
Froight________________ 51,945,292 89,654,405 60,737,737 81,135,295
Mail, express, &c______ 8,784,249 15,136,828 14,083,190 16,201,382
Total earnings______
Net earnings__________
Fixed charges_________
Pension fund__________
To special Income acc’t.
Com. dlvs. 7% p.a.(with
3% p. a. from special
Income— below )_____
I’ref. (llvs. (4% p. a .) ..
76,717,965 129,481,885
30.874.766 49,225.920
5.132,551 10,306,196
125,000
200,000
1,923,289
1,144,071
__
9,100,000
1,613,638
18.200.000
3,227,277
98,865,210 129,814,824
33,574,628 42,425,928
10,446,510 10,227,311
125,000
125,000
1.494,152
2,115.842
18,200,000
3,219,051
17,150,000
3,109,520
89,915 9.698,254
Balance, surplus_____ 13,634,505 15,444.159
6 Mos. end. --------- Years ending June 30---------1916.
1915.
1914.
(2) Other Income—■ Dec. 31 ’ 16.
$
$
$
$
3,583,292
4,370,280
783,678
Earns, ocean SS., fee--------------------- 2,546,249
6,357,663
6,599,052 7,804,192
lnt., divs., A c., rec’d ______________ 3,869,103
Total
.......................
Dividends (3% p. a . ) . . .
6,415,352
3,900,000
9,940,955
7,800,000
10,969.332
7.800,000
8,587,870
7,350,000
Balance....................... 2,515.352
2,140,955 3,169,332
1,237,870
8,407,099 6.266,144
3,096,812
Total special Income__ 10,922,451
OFFICERS.— President and Chairman, Lord Shaughnossy, K. C. V. O .,
VIco-Presidents, George Bury, I. O. Ogden, G. M . Bosworth, E. AV.
Boatty, K. C., Montreal, andGrant Hall, Winnipeg; Sec., Ernest Alexander:
Treas., H. E. Suckling. Head office, Montreal.
D IRECTO RS.— Richard B. Angus, George Bury, Sir Herbert S. H olt,
Chas. R. Hosmer, Frederick L. Beique, K .C ., Lord Shaughnessy, K .C .V .O .
Col. Frank S. Melghen, John K. L. Ross, Edward AV. Beatty, K .C ., Sir
Vincent Meredith, Montreal, Can.; Hon. James Dunsmuir, Victoria, B .C .;
AVilmot D. Matthews, Sir Edmund B. Osier, Toronto; Sir Thos. Skinner.
London, Eng.; A. AAT. Nanton, AVinnipeg.— (V. 106, p. 295, 497.)
CARE GIRARDEAU NORTHERN R Y .— Formerly operated from
Ancell, M o., via Cape Girardeau, to Farmington, M o., 93 miles, with
branch, 11 miles. In July 1917 discontinued operations between Jackson
and Porryville, M o., 37 miles, and Saline Junction and Farmington, 35
miles, leaving onlv 17 miles between Ancell and 14 miles between Perryville,
West Chester (ferry to Chester). A consolidation in 1913. V. 96, p. 201.
In 1914 J. W. Frlstoo was made receiver. A’ . 98, p. 1315, 522; V. 100,
p. 1591. Stock auth., $2,500,000; par, $100. Bonds, $1,500,000. V. 96 ,
p. 1555. The U. S. Dist. Court on Nov. 29 1915 held the St. L. & San Fran.
R R . liable on its guaranty of the bonds. V. 103, p. 2340; V. 104, p. 763,
1144; V. 101, p. 46. Receiver’s certificates, $93,700.— (V. 105, p. 605.)
CAROLINA CLINCHF1ELD & OHIO R Y .— (See M ap.)—Owns from
Eikhorn City. Ky.. to Spartanburg. S. C .. 277 m.; branch, Kiser, Va., to
Laurel Jet., Va., 6 m.; trackage, Kiser to St. Paul, Va., 8 in.; total, 301 m.
As extended July 1 1915 by line then completed from Dante. Va., to Elkhorn Ry., 35 miles, forms a low-grade heavily built link In the through Line
for general traffic between the Great Lakes and the Atlantic seaboard,
serving also extensive coal operations owned by Cllnchfield Coal Cor
poration.
See V. 101, p. 2070; V. 102. p. 611; V. 94. p. 1448; V. 97.
p. 1661; V. 98, p. 1692; V. 100, p. 900; V. 101, p. 75. 365. Connects at
Bostic, N. C ., with Seaboard Air Lino R y.. with which clase relations are
maintained and tidewater is reached. V. 88, p. 944; V. 87, p. 670. Fi
nanced by leading N. Y. bankers. See report o f expert, V . 102, p. 2076.
24
R A ILW A Y STOCKS A N D BONDS
[Vol . 106
Feb .; 1918 . J
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviate . A c., see notes on first page]
Miles Date
Road Bonds
o
53w
o^
Carolina CHnchfield & Ohio (Concluded)—
Equipment gold notes Ser “ B” due $50,000 s a.Urix
......
do'
do Ser " C ’ (V .88,p .461) duo $50,000 s-aNx
«...
do
do
Ser“ D "(V 97,p49)dua$25.000s-a.Nx
do
do Ser “ E”
due $13,000 s-a__________
__
do
do Ser " F "
due $38,000 s-a_______ Nx
__
do
do Ser “ G ” due $42,000 s-a not call CPy
...
Mallet Engine Equip notes duo $12,500 m onthly..
Bonds Guaranteed. Prill, and Int., bj Endorsem't—
Black Mt Ry 1st M $750,000 g duo $25,000 each
...
April l callable at par____________________ N.c*
Holston Oorp Realty & Coll Tr Co convert notes
--call at par convert Into Ry prof________ Ce.c*&r*
__
Carolina ec Northwestern— 1st M $2,500,000gold--Gx
__
Caldwell * Northern 1st M______________________ x
35
Carolina & Yadkin Riv— 1st M g red 105 s f.E q.xc*
Carthage & Adir and Carthage W ater & Sack Har — See
32
Catasauqua & Fogelsville— First M gold— PeP.xo
__
Gatawissa— Pret stook 5% guar P A R Ry (see text)
__
First consol mortgage 52,215,000 gold___ PeP.xo*
Cayuga & Susquehanna— Stock 9% rental D L & W .
Cedar Rapids Iowa Falls & Northwestern—See Chlca
Central A rgentine Ry— Conv gold notes call(text)G
Central Arkansas & Eastern—See St Louis Southwest ern
Central o f Georgia Ry— Common stock----------------__
Preferred stock 6% cum____________ ____________
312
1st M 57.000,000 gold.......... ......................... G.xo*Ar
Consolidated mortgage518,500,000g o ld .. Ba.xc* Ar 1,493
138
Mobile Dlv 1st M (Columbus to Andalusia' g.-G.xo*
102
Macon & North Dlv 1st M 5840,000 gold._MBa.xo*
77
Ooon Dlv 1st M Brewton to Dover 50,000 pm.G.xo*
21
Katonton Branch first mtge not guaranteed gold.x
85
Mid Ga & Atl Dlv 1st (consol) M 59,000 p m G.xo*
164
Chattanooga Dlv puroh money M 52,400,000g(l.xo*
138
Chattanooga Rome & So 1st M 55OO.0OO glln.xq*
12
Upper Cahal)a 1st M g due515,000 s-p call.102Hi*Nx
24
Greenv & New 1st M g duo $15,000 s-a call 102j$Nx
- -Gen&Ref M $80,000,000 auth g red toxtUsmxc*&r*
—
1st pref lnoomesl Interest up to 5% f - ------------ Mp*
2d
do
do \ gold If earned ( ---------------Cez
—
3d
do
do ) non-oiimulatlve 1--------------- Baz
Par
Value
1910
1912
1913
1914
1917
1917
1916
$ 1,000
1.000
1.000
1.000
1916
1.000
1,000
Amount
Rate
Outstanding ' %
STOCK.— Authorized, $50,000,000, of which $25,000,000 is 6% prof, and
$25,000,000 com.; outstanding, $25,000,000 com. and $11,500,000 pref.,
of which $1,500,000 Is owned by the Holston Corn., a subsidiary of the
railway. A further $2,000,000 prof, is deposited with trustee o f mortgage
old notes to provide for conversion o f notes. V. 94, p. 1625. In Nov.
916 both stocks were listed on N. Y . Stock Exchange. V. 103, p. 1980.
Dividends on prof., 3% semi-annually March 1913 to Sept. 1914, Inclusve.
None since to Dec. 1017. In Fob. 1910 arranged with Southern Ry. to sond
coal to Charleston, S. O., for export, &c. V. 90. p. 558; V. 95, p. 359.
BONDS, etc.— First mtge. of 1908. see V. 86, p. 667, 856; V. 88, p. 944.
The $2,000,000 10 year 5% mtge. gold notes follow in Hen tho $13,950,
000 first 5s of 1908. They are subject to call as a whole or may be drawn
in part by lot. V. 89, p. 285. The $6,000,000 Elkhorn Extension 5-year
1st M . 5% notes were sold to refund $5,500,000 maturing notes (issued to
construct Dante to Elkhorn) and for other purposes. No additional mort
gage is permitted while those notes are outstanding. V . 104, p. 1044. Car
trusts o f 1917, V. 104, p. 2235.
The guaranteed securities (see V. 103, p. 1588) Included (a) Black M t.
Ry. (which see) 1st M . serial 5s, $750,000, auth., $500,000 issued; (b) $ 1,
500,000 Uolston Corporation notes (callable at par and convertible $ for $
Into Car. Cl. & O. pref. stock.— See stock above.
REPORT.— Year ended Dec. 31 1917, see V. 106, p. 606.
When
Payable
Last Dividend Places Where Interes: an,
and Maturity
Dividends are Payable
$200,000
450.000
125,000
182,000
684,000
798,000
37,500
5g
5g
5g
5g
5g
5g
5
J &
F A
J &
A A
J &
A &
A &
475.000
5g
A
& O Apr 1918 to ’36 New York Trust Co, NY
A
J
.1
J
& o Apr 1 1926
& J July 1 1953
A T) Juae 1 1957
& D Jan 1 1962
J
M
A
J
A J July 1 1928
Reading Terminal,
A N See text
Company’s Office,
A () Apr 11948
Reading Terminal.
A J July 1917 4M 30 Pine Street New
F
& A Feb 1 1927
1916
1,000
5g
1,500,000
1903
1.700,000
5g
1.000
1907
1.000
543,000
5
1912
100 &c
1,000.000
5g
N Y O & Hud R Ivor R R.
1898
1.0001
135,000
4g
____
50 3.200,000
5
1898
1,000 2.215,000
4g
30
589.110 9% in T7
ok fsla nd & Pac tfic Ry
1917
0006 g
1,000 15.000.
__ _ __
1895
1.000
1895
1.000
1895
1,000
1895
1.000
1901
1.000
1896
500
1897
1,000
1901
1.000
1897
1,000
1905
1,000
1905
1.000
1912 1.000 Ac
1895
1,000
1895
1,000
1895
1.000
\J
5.000,000 5 in 1917
15.000.
000 text
See
7,000,00')
5g
18.498.000
5g
1,000,000
5g
840,000
5 g
462.000
5g
168,000
5g
413,000 5 cur
2.057,000
4g
343,000
5g
240,000
4g
240,000
4g
122,000
5g
136,500
5
104.350
5
47,500
5
F
M
J
J
J
J
A
A
A
A
A
A
A
A
A
A
J
J
J
F
M &
A &
Oot
Oot
Oct
J To Jan 1920
Blair & Co, New York
A Aug, '18-Aug ’22
do
do
J July TS-July’20
do
do
O Apr. ’ 18-Oct’ 24
do
do
J Jan. '18-Jan ’27
do
do
() Apr. 1 1927
Commercial Tr Co, Phlla
O M ay 11918
do
do
Dec. 31 ’ 17 2M
Dec. 31 '17 3%
A Nov 1 1946
N Nov 11945
.1 Jan 1 1946
J Jan 1 1946
D Deo 1 1945
D June 11923
J Jan 1 1947
D June 1 1951
J July 1 1947
A Feb’ .'18-Aug '25
S Mar 18-Sept'25
o Oct 1 1962
1 Nov 11945
1 Nov 1 1945
1 Nov I 1945
Central Trust Co. N Y
Checks mailed
do
do
June 1917 coups unpaid
Phlla
Phlla
Phlla
York
NYJPMorgan&Co.&Lon
New York
Guaranty Trust Co N Y
do
do
do
do
do
do
do
do
Savannah, Ga
Guaranty Trust Co. N Y
do
do
Union Trust Co, New Yk
Guaranty Trust Co, N Y
do
do
U S Mtge &Tr Co, N 'Y
Guar Tr Co.N Y or Savan
do
do
do
do
principal Argentina roads, is 5 ft. 6 in. gauge. Increase in rates 22% , from
Nov. 20 1917. V. 105, p. 1998.
ORGA N IZA TIO N .— Originally organized In 1863. Operates under a
perpetual concession and an amended law contract running until 1947.
entitling It, without restriction, to charge such rates, payable In gold equiva
lent, as will net 6.80% on the capital investment recognized by the Argen
tine Government, now amounting to over $250,000,000. In lieu of taxes.
3 % of the net receipts go to the Government.
Outstanding Capitalization (at $4 86 to £) June 30 1917.
Cent.Deb.3 j$%stk.(150m) £95,98414 V$ % non-cum. pref. stk. $9,695,718
4>S% West. Ann.(202 m.) 2,017,5001Consol, ordinary sto ck .. 28,186,950
4% Deb. stk. (gen'l chg.)_ 13,452,232 Deferred stock_________ '
811,800
10-year 6 % notes (n ew ).. 3.092,7831 (Compare V. 104, p. 256;SV. 105.
|p. 1998.)
•!
Capitalization per mile of road operated, Jan. 12 1917: (a)’«Debenture
stock and annuities, about $22,890; (b) tho $15,000,000 new notes,i.$4,540;
(c) dividend-paying stocks, about 856.900 per mile.
In Aug. 1917 underwriters issued £500.000 6% 5-yr. notes. V.105, p. 605.
CONVERTIBLE NOTES.— These have Interest payable without de
duction for any taxes Imposed by Great Britain or the Argentine Republic.
Denom. $1,000. I’ rin. and int. payable in N. Y.ln U. S. gold at office of
J. P. Morgan & Co.; in London at London County & Westminster Bank at
Calendar
Gross
N et, after
Other
Interest,
Balance,
$4 85 per £1 sterling. The entire issue, but no part, may be redeemed
Years—
Earnings.
Taxes.
Income. Rentals, &c. Surplus.
at 102 and int. on and after Feb. 1 1922 upon six months’ notice.
$1,608,203 $567,436 $1,275,846 $899,79 4
1917 ...............$4,285,390
They are convertible at option of holder any time after Jan. 31 1918
1,378,928 398,684
1,189,893
587,719
1916 ............... 3,276,487
prior to redemption into ordinary shares of £10 par value, at par, at $4 85
Mark W. Potter, Pros., 24 Broad St., N . Y .— V. 106, p. 606.
per £1 . From 1911 to 1913 the ordinary shares sold continuously above
par on the London Stock Exchange and from 1905 to 1913 above 109.
CAROLINA & NORTHWESTERN R Y .— Owns standard-gauge road.
The Consol. Ordinary stock Is entitled to non-cum. 5% dividends before
Chester. 8 . C ., to Edgemont, N . O., 1334$ miles.
tho deferred stock receives any dividends and shares equally with the de
In 1900 nearly all stock was acquired by a syndicate. Stock authorized,
ferred stock In the distribution of earnings after the latter has received 5% .
$1,000,000 each of com. and 4% uon-cum. pref.; outstanding, July 1913,
$854,250 com. and $550,000 pref. stock.
Of the 1st 5s duo 1953. $1,500. Offered in March 1917. V. 101, p. 1044, 1144.
F1ARNINGS.— For fiscal year ending June 30 1917, V. 105, p. 1418.
000 wore used to retire all underlying bonds and $ 1,000,000 wero applicable
to extensions, now equipment, &c. Year 1915-16, gross, $461,626: net
June 30 Years—
1916-17.
1915-16.
1914-15.
1913-14.
$123,701; other lncomo, $248; Int.. taxes, &c., $167,707; bal., dor., $43,844!
Gross earnings...............£5,246,000 £5,737,000 £5,755,000 £6,058,000
Pres., Win. A. Barber, 165 Bway., N. Y.; Treas., W . A. Corkill.— (V 105
Net income __________ 1,882.000 £2,260,000 £2,577.000 £2,689,000
590.000
Interest, A c___________ 1,078.000
685.000
800,000
p. 605.)
436.000
Pref. stock (41$% )_____
436.000
436.000
436,000
CAROLINA & YADKIN RlVER R R .— Owns High Point via Thomas- Ordinary stock______(1%) 282,000 (4)1,128,000 (5)1,409.000 (5)1,409.000
vlllo and Denton to High Rock, N . C ., 35 miles. Freight Is switched elec Deferred stock (5 % )__
______
______
41,000
41,000
trically to the main lino.
Balance, sur. or def..sur.£86,000def.£104,000 sur.£6,OOOsur.£213,000
Coupons due Juno 1 1917 remain unpaid. On Juno 8 W. N . Coler & Co.
F
’rom
1917
to
1916
dividends
averaging
5.6%
per
ann.
wero
paid
on the
of N. Y ., who had financed tho enterprise and then owned some $250,000 $136,988,000 Ordinary stock, 4% in 1916. 5% in 1915 and 1914 and
6%
of tho bonds and $1,800,000 stock, made an assignment to Arthur D. Ham iu each vear from 1904 to 1913. Chairman, Sir Joseph W. Todd, Bart
.
mond o f Brooklyn.
.
„
Bondholders committee: Alvin W. Kroch, Chairman; Samuel Armstrong. — (V. 105, p. 1801, 1998, 2455, 2542.)
CENTRAL OF GEORGIA R Y .— Operated Oct. 1 1917. 1,919 miles
Sec.; Equitable Trust Co. depositary
Reorg proposed, it Is hoped
without foreclosure. V. 104, p. 2451; V. 10.>, p. 2542.
(1,427 miles owned):
L i n e s leased (see these cos.) Miles.
Lines owned in fee—
Miles.
Stock autnorized, common, $3,000,000: pref. 5% non-cum., $1,000,000;
Southwestern R R .—
outstanding Juno 30 1915. common, $1,540,000, and pref.. $300,000; par Savannah to Atlanta______ 295
Macon to Eufaula__________ 144
82
$100. Bonds ($3,000,000 auth. issue aro redeemable at 105 on any Inter Gordon to Covington___ _____
F^ort Valley to Perry________
12
est date; sinking fund 1% o f gross earnings, July 1 1918 to 1922; l>$% 1923 Columbus to Birmingham, Ala. 156
Fort Valley to Columbus____
71
62
to 1927; 2% 1928 to 1932. and 3% thereafter. Loans and bills payable. Columbus to Amerlcus_____
80
85
Smlthvtlle to Columbia_____
Montgomery to Eufaula, A la ..
Doc. 31 1916, $191,976.
Cuthbert to Fort Gaines____
21
49
to Greenville. Ga___
EARNINGS.— For year ending Doc. 31 1916, gross, $107,869; net, $24, Columbus
36 Augusta & Savannah R R .—
to Roanoke__________
031; other lncomo, $157: rentals, taxes, & c.. $25,037; Int. on bonds. $63,790: Opelika
Hlllen
to
Augusta__________
53
Eufaula
to
Ozark____________
60
bal.,
'
dcf.,
f., $64,639. _____
Pres., Alvin W. Krech, N. Y .: 8ec. & Treas., L. H. Griffin. Ga„ to Chat., Tenn.,&o. 198 Chattahoochee & Gulf R R .—
Hole Jr. Office, High Point, N. O.
Y. office, 43 Cedar St., N. Y .— Chlckamauga to Durham_____
Columbia to Lockhart______
91
18
(V. 104, p. 2451: V. 105. p. 2542.)
Savannah to Tybee___________
18 Trackage____________________
14
CATASAUQUA & FOGELSVILLE RR.— Catasauqua, Pa., to Rltten- Columbus to Andalusia_______ 138
Total oper. Oct. 1 1917.........1.919
houso Gap, Pa., 19.67 m ., and branchos, 31.72 miles. Stock, $426,900 (par Macon Junction to Athens___
77
$25); $254,125 Is owned by Reading Co. D1vs. paid In 1904-05, 7 % ; in Brewton to Dover______________
16 Also owns Medrim to Lyons, 58 m.
1905-00. 8 % ; In 1906-07, 8% : 1908-09. 8% ; 1909-10, 10%; 1910-11. 10%: Barnesvllle to Thomaston_____
(leased to Seaboard Air Line).
4
1911-12, 10%; 1912-13, 10%: 1913-14. 10%; 1914-15, 20% . Yoar 1915-16, Lyerly Branch________________
12 Ocean Ss. Co., est. equlv. o f___ 300
gross, $252,299; net, $ 135,110. agst. $85,677; other lncomo, $23,805; interest Upper Cahaba Branch________
24Controls Wrightsville & Tennllle and
taxes. See., $14,102; add’ns and bettermonts, $5,577; bal., $139,236- divi Greenville to Raymond________
Wadley Southern Ry.
dends (15%) $64,035.— (V. 81. P- 149.)
Total ow n ed _______________1.427
CATAWISSA RR.— Owns from Tamanend, Pa., to Newberry Jot., Pa.,
ORGANIZATION.—
Succeeded
Nov.
1
1895 the Central RR. & Banking
104.05 miles; second track, 40.07 miles; total, 222.20 miles. Re-leased
of Georgia, foreclosed. V. 60, p. 1008; V. 61, p. 68. Ocean SS. C o.,
Deo. 1 1896 for 999 years to Philadelphia & Reading Railway. Rental, Co.
V. 102, p. 344. New rolling stock in 1917, V. 105, p. 1418.
Int. on bonds. 5% dlvs. on nref. stock, all taxes and S8.000 for org. exp
In June 1909 the $5,000,000 stook was acquired by the Illinois Centrral
See also V. 63, p. 969, 1116. In Nov. 191/ paid the dividond of 2 K %
the road Is operated Independently. V. 88. p. 1559: V. 84. d . 1550:
on the pref. stocks less 5 cents per share for war incomo tax. Of the but
V.
85, p. 1082, 1268; V. 86. p. 667. On Juno 3 1912 $15,000,000 pref.
prof, stocks. $1,000,000 Is 2d pref. Common, $1,159,500; par, $50.— stock
was Issued to retire the Income bonds acquired by III. Cent. ($14,461.
(V. 72, p, 1187; V. 96. p. 1421.)
000). remaining $539,000 as presented; V. 94, p. 1316. 1565; V. 95, p. 1037.
D IV ID E N D S.— On common stock, 1913 to Dec. 311917, 5% per annum.
CATSKILL MOUNTAIN RR. CORP.— Narrow gau« e road from Catsklll to Palonville, N. Y ., 15.75 miles; from Otis Jet. to Otis Summit (cable Pref., 6% p. a. since June 1913.
road), 1.08 miles; from Otis Summit to rannersvillo, 5.25 miles, gauge 3 ft.
BONDS.—The first mortgage of 1895 (described In V. 63, p. 1160) Is a
ORGAN IZATION .— Incorp. May 2 1917 under laws o f New York., first lien on the main line from Atlanta to Savannah, Including the Mllledgevillo branoh (312 m. In all), all equipment and appurtenances, and the equity
comprising tho property formerly owned by Catskill Mountain R R . Co.
In $1,995,000 stook of Ocean SS. Co. V. 84. p. 529. 605: V. 87, p. 550.
Otis Ry. Co. and Catskill & Tannersville R lt. Co.
Application for listing firsts and consols In V. 63, p. 1160.
Capital stock authorized, $100,000; outstanding, $3,200. No bonds.
The Consol, mtge.(Bee abstract V. 61, p. 873; also V. 63. p. 1160: V. 83, p
Officers.— E. FI. Olcott. Pres.; Geo. II. Beach, V.-Pres.; A. V. S. Olcott,
1347) Is a first Hen upon 600 m. (Including former Mont. & Eufaula R R .
Treas. & Gen. M gr.; W. Y . Hawley, Sec.— V. 104, p. 1800.
Sav. & Western and Sav. & Atl.); also on the leases of the South Western
CAYUGA & SUSQUEHANNA RR — Owns from Susquehanna River to and Augusta & Savannah roads and the stock of New England & Savannah
Ithaoa, N. Y., 34 m. Leased during length of charter and renewals thereof steamship Co., and a second lien upon the main line, Its equipment, Ao., and
to the Delaware T.aok. A Western at a rental of $54,600 a year. Dlvs. paid also on the Macon & Northern, Mobile & Girard, and other divisions. It
also covers all leaseholds, securities, Ao. V. 85, p. 605: V. 89, p. 777.
aro 9% yly., with an occasional extra: 1904 9 H % was paid. V. 106, p. 497.
Collateral trust mortgage abstract was In V. 45. p. 242.
CENTRAL ARGENTINE R Y., LTD.— ROAD.— Extends from
The Chattanooga Division mortgage covers tne former Chattanooga
Bueuos Ayres, a city with a population of about 1,800,000, through Romo & Southern R R ., Carrollton, Ga.. to Chattanooga, Tenn., 138
tho city of Rosario, to Cordoba, Santa Fe and Tucuman. Comprises 3,305 miles, and Durham to Chlokamauga, Ga., l7 miles, with branches, In a l l
miles of track (all except 202 miles Is owned in fee; and partly doubfo-tracked), 164 miles, subject to $343,000 old 5s. for which a like amount of bonds Is
covering tho territory, primarily agricultural, extending north and north reserved. V. 72. p. 1134: V. 78. p. 1446.
g'SHSI
west from Buonos Ayres, and serving the mast densely populated section
Upper Cahaba Branch bonds are secured by coal lands In Northern Ala
and tho principal cities of the Argentine Republic. Like all of tho four bama, also bv road Henry Ellen to Margaret, Ala. V. 81. p. 920. 1099.
f
26
R A ILW A Y STOCKS A N D BONDS
Miles
RAILROAD COMPANIES
IFor abbreviations, A c., see notes on first page.]
Date
Road Bonds
Central of Qa Ry (Concluded)—■
Central RR & Bn coll tr bonds g red at 110__ Cc.o*
Equip trust series L $50,000 semi-annually_______
Guaranteed, &c.—
Ocean S3 Co first mortgage gold guaranteed.Ce.zo*
Augusta A Savannah stook (no bonded debt)______
Southwestern Railroad stock (no bonded debt)___
Chattahoochee A Gulf stook________________
First M gold $2,000,000 Int rental st red at 102 H*
Cent Indiana— 1st M $4,000,000 gu pAl end.Ce.xo*Ar
Cent New England— Dutch Co RR 1st \l g guar Ba.xo~
O N E 1st M$25,000,000g gu redl05beg’21.Fxo*&r
Centra] Ohio-—See Baltimore A Ohio
Central Ontario Ry— See Canada Northern Ry—
Central Pacific— 1st ref M g gu p & 1 end.Ce.xo*Ar
3H s $25,000,000 gold guar p & 1 end___ U s.xo'Ar
Luoln cut-off 1st M $10,000,000 gu (text) _G.xo*Ar
Bonds 250,000,000 francs guaranteed red par.-U sx
Nevada & Cal, Ao, 1st M assumed_________
Oregon Eastern first mtge assumed_________
Other bonds— see text
Central RR of N J—Stook ($30,000,000 authorized)..
Central RR of N J Oen M $50,000,000 gold .Ce.xxro
do
do
registered______________xx
Equip trust Series O $3,000,000_________________
L A W B Oon M $20.000,000serial g guar.PeP.xxo
Am Dock & Imp Co 1st M guar redeem at llOx.xxo
N Y 4 1 , Br gen M g Int gu Jtly (5102,000 5s).Cexxc
IiChlgh A Hud Rlv gen M gold guar Jolntly.Ce.xxc*
Central Ry of Canada — 1st M £2,600,000 call 105___
Central Counties 1st M (V 90, p 1169)_______
Cent Ry of So Car— First M $150,000 g gu red . ..C P i
Central Terminal RR— See Minneapolis St Paul * Saul
b Additional $1,167,000 In treasury, c AH held in
. . .
53
333
1887
1916
1890
___
__ __
91
117
12
149
1900
1903
1890
1911
Par
Amount
Outstanding
Rate
%
$ 1,000 $1,840 000
1,000
80:).00()
5g
4X
Value
When
Payable
F
4g
3H g J
A
4g
4
M
0
M
6
J
100 27.436.800 12 In ’ 17
1.000) b43.924.000 ; 5 g
500 Ac/
i 5 g
1,00f) c3 .000.000
4H
1.000 14,490.000
4g
1.000
4.987.000
5
1.000 2.500.000 4 A 5 g
1,000
1.062.000
5g
500 Ac
600.000
3
300.00(1
6g
.... . - - _£ A $ Seo Text
5
37 1909
£100
£97,500
4
7 1906
$500
150,000
ag
t ate Marie Ry
treasu ry.
All
All
1887
1887
__ 1916
..... 1910
1881
38 1891
1890
"31 1893
40 1881
Of the General and Refunding bonds of 1913 ($80,000,000 auth. issue),
with Int. not to exceed 5% , on Oct. 1 1917 $122,000 had been sold, $6,515,000 were in treasury unpledged, $636,000 were In hands of trustee for
authentication on demand, $31,413.000 reserved to rotire old bonds, $ for $,
and the remaining $40,314,000 for acquisitions, extensions, &c. V. 98, p.
452. Series A bonds are callable as a whole only at 110. V. 95, p. 110.
889, 1037. Income bonds—see preferred stock above.
LATEST EARN ING S.— (1917 Gross, $14,387,634; net (aft. $3,476,598
11 mas., Jan. 1 to Nov. 30.\1916 Gross, 12,370,369; rents), 3,185,474
RE PO RT.— For cal. year 1916, In V. 105, p. 385.
---- Six Months ended--------- Years ended Dec. 31—
June 30 ’ 16. Dec. 31 T 6.
1916.
1915.
Operating revenues____$6,088,268
$7,636,876 $13,725,144 $12,254,153
Operating expenses------ 4,453,187
4,827,859 9,281,046 8,654,468
Net oper. revenues__ $1,635,081
Income (after taxes, &c.) $1,304,697
Other income................. 1,055.927
$2,809,017
$2,418,989
567,376
$4,444,098
$3,723,686
1,623,303
$3,599,685
$2,961,835
1,424,457
Total Income................. $2,360,624
Interest on bonds, Ac__ $1,013,430
Rentals & miscellaneous $.335,499
Preferred livs. (6% ) . . .
450,00
Common divs. (5 % )
125,000
$2,986,365
$1,016,510
$331,888
450,000
125,000
$5,346,989
$2,029,049
$667,389
900.000
250.000
$4,386,292
$2,035,916
$656,252
900.000
250.000
Last Dividend
and Maturity
A J July 1 1920
A J Jan 1918 2H %
A J Jan 1918 2>$%
A ,J Jan 1918 2
& J July l 1930
A N May 1 1953
A D Juno 1 1940
A J Jan 1 1961
Guaranty Trust Co. N Y
Savannah, Ga
Savannah and Macon
Savannah, Ga
Citizens’ B k,Savannah. Ga
Central Trust Co, N Y
Fid I T & S D Co. Phlla
Llnooln Nat Bk, N Y
A A Aug
A n Aug
A o Oct
A s Mob
A N Nov
A J Jan
165 Broadway,New York
do
do
do
do
London, Paris, Belg, Ao
Owned by South Pao Co
do
do
LATE DIVS. (Fiscal Years). ’07. '08. '09. '10. ’ l l . ’ 12. ’ 13. ’ 14. '15. ’ 16
Preferred, % ............................. 6 6
6
6 10
6
6 26.6 4
4
Common, % ............................. 6 6
6
6 10
6
6 26.6 1H 1>$
1 1949
1 1929
1 1954
1 1940
1 1941
1942
3— F See text
A J July 1 1987
July 1 1987
M A N May 1 1926
J & D June 1 1920-'50
.T A J July 1 1921
M A S Sept l 1941
J A J July 1 1920
\f A N May l 1923
J A J July l 1921
Q—■J Jan 1 1904
MAS 14 1949
J A J Jan 1 1926
J
Offloe 143 Liberty St,NY
Liberty Nat Bank, N Y
Check from Treas. Offloe
Liberty Nat Bank, N Y
do
do
do
do
Liberty Nat Bank, N Y
Irving Nat Ex Bk. N Y
Fidelity Trust Co, Phlla
Bankers Trust Co, N Y
See text
Colonial Trust Co, Plttsb
BONDS.— First refunding mtge. gold 4s, $100,000,000. V. 69. p. 808.
»nd V. 70, p. 739; V. 78, p. 228: V. 87. p. 225, 285. 479; V. 88. p. 52.
Thirty-year gold 3 Hs, $25,000,000, seoured by a second lien upon ail the
properties covered by the 1st ref. mtge. and also by deposit with the trus
tees, as acquired, of all securities and moneys held In any sinking fund of the
Contral Pacific lty., consisting April 30 1915 of $4,585,779 in securities and
$467 cash, and by a trust deed upon all the lands covered by intg. datod
Oct. 1 1870. See Mortgage Abstract, V. 69, p. 85S. also soo p. 851. From
the proceeds of these sinking funds and land sales cancellations of bonds aro
made from time to time; to June 30 1916 $15,558,675 had beon canceled
or purchaser! for cancelation, reducing those outstanding to $9,441,325.
Lucln Cut-off 4s are red. at 10714 any int. day.
V. 79. p. 1641; guar
anty, V. 80, p. 162.
In Feb. 1911 the sale was arranged In France of 250,000,000 francs 4%
35-year coll, trust bonds, guaranteed by the Southern Pacllio Co (the latter
pledging as security for the guaranty part of Its Interest In affiliated cos.,
notably So. Pacific R R .). V. 92, p. 593, 794; V. 94, p. 130, 1762. In
Dec. 1915 tho Southorn Pacific arranged to buy back a large amount of the
same, presumably to turn them Into dollar bonds. V. 101, p. 2146.
The $8,500,000 outstanding Nevada & California 6% bonds ($15,000,000
auth. Issue) were assumed on purchase Feb. 29 1912; also $3,000,600 Cen
tral California Ry., $1,000,000 Chico A Northern RR., $2,500,000 Sacra
mento Sou. RR. and $5,000,000 Oregon Eastern Ry. V. 94, p. 982. 1118.
All of the five foregoing Issues aro owned by So. Pac. C o., as aro also
810,139,350 5-year 6% extensions purchase notos.
LAND GRANT.— Total land grant was about 12,000,000 acres, of which
about 7,117,987 acres unsold June 30 1916.
Sales In 1915-16. 83,768
acres, avge. price per acre. $5.63. Land contracts July 1916. $2,107,362.
REPORT.— Year ending June 30 1916, gross, $38,681,484; not Income/
after taxes, A c., $16,350,098; gross corp. lncomo, after adding Int. on socurl.
ties, A c., $16,889,524; deduct. Int., rents, skg. funds, A c .. $10,895,254’
bal., sur., $5,994,270; dividend appropriations, $1,705,133; bal., $4,289,
137. In 1914-15, gross, $31,877,982; net. $12,477,503.— (V. 105, p. 180.)
CENTRAL RR. OF NEW JERSEY.— (See Map Reading Sustem.)— Oper
ates from Jersey City, opposite New York City, westerly to Wilkes-Barre
and Scranton, Pa., and the neighboring anthracite coal (lelds; also southerly
to tho seashore resorts of New Jersey and to the Delaware River.
• See this company.
Miles.
Lines Owned in Fee—
Miles.
Jersey City to Phllllpsburg_______ 72 Nesquehonlng Valley •___________17
Sundry branches_________________ 85 Lehigh & Susquehanna, PhilllpsEntire Stock Owned—
burg to Union Jot., Ao_______ 171
New York & Long Branch R R .,
Wilkes-Barre A Scranton •_____ 4
Perth Amboy to Bay Head__ 38 Other lines______________________ 5
Trackage—
New Jersey Southern RR., Long
Branch to Atslon, A o ._ ............. 74 Union Coal R R _________________ 10
Other lines (no debt)_________ 154 Allentown Terra, (oper.Jointly). . 4
Leased (Mostly for 999 Years) —
Other trackage_________________ 32
Dover A Rookaway R R ________ 5
Ogden Mine RR •______
10
Total operated Doc. 1916--------684
There are 262 miles of 2d. 41 miles of 3d and 30 miles of 4 tracks.
H ISTORY.— Reorg. In 1887 without foreclosure; V. 44, p. 714, 716; V.
105, p. 1707. Concerning coal properties, seo Lehigh & Wilkos-Barrc Coal
Co. and Lehigh Coal A Navigation in '‘ Miscellaneous.” In 1901 Reading Co,
acquired $14,500,000 stock. V. 72, p. 86. 136 241, 391, 721. In Sept.
1913 the Government brought suit alleging violation of both the Sherman
law and the commodities clause of tho Inter-State commerce law. In Oct.
1915 the final docree of the U. S. Dlst. Court dismissing said suit, ordered
that this company must dispose of its Intorost In the Lehigh A Wilkes-Barre
Coal Co. within 90 days. Both parties havo appealed to the U. S. Supreme
Court. V. 101, p. 1464, 1807. Full Crow Law, V. 105, p. 1897, 2093.
DIVS.— ’91. '92 to ’94. '95. ’96. ’97. ’98. ’ 99. ’00. '01. 1902to Fob '18
Regular.. 614 7 y ’rly 5 'A 5 4£f 4
4
5
5
8 yearly (Q-F).
Spocial____________ _____ _______ Dec. 1899 to Doc. 1917,4 yearly (j A D)
Spoclal somi-ann. divs. of 2% oach (making total annual 12%) aro paid
out of Loh. A W. B. Coal Co. dividends. V. 103, p, 60; V. 89, p. 1410
V. 90, p. 1612; V. 104, p. 1793; V. 105, p. 2455.
BONDS.— For General Mortgage abstract, see V. 45, p. 402.
The $20,000,000 Lehigh A Wilkes-Barre consol, serial 4s are guar. prln.
»nd Int., and mature $2,500,000 every 5 years beginning June 1 1915.
EARNINGS.— 11 months ending Nov. 30:
Balance.
Gross.
Net(aft.Tax.). Oth. Inc. Deductions.
$5,644,672 $7,093,534
1917..........$34,323,287 $8,830,271 *cr$3807,935
1916.......... 31,539,490
9,752,096 def.287,854
3,836.628
5,627.614
* Inch dlv. on Leh. A W . B. Coal Co. stk. acc’d prev. to 1917, $2,257,784.
R E PO RT.— Fiscal year now ends Dec. 31. For 1916, see V. 104, p.1793.
— Years ending Dec. 31-------Years ending June 30—
Earnings from—
1916.
1915.
1916.
1915.
Merchandise.................... $16,930,604 $14,341,790 $16,254,976 $12,649,149
Anthracite coal............... 8.511,500
8,635,635
8,860,622 8,712,472
Passengers........................ 0.134,814
5,567,820
6,893,056 5.508,150
Mall, express, A c............ 2,795,430
2.023,660
2,454,275
1,872,485
Balance, su rp lu s-----$436,694 $1,062,957 $1,499,651
$544,124
OFFICERS.— Chairman, Charles H. Markham, Chicago. III.; Prest.,
W. A. Wlnbum, Savannah, Ga. General office, Savannah, Ga.— (V. 103,
p. 1506; V. 105, p. 385, 997, 1418, 2542; V. 106, p. 606.)
CENTRAL INDIANA R Y.— Muncie to Brazil, Ind., 127 miles, of which
10 m. trackage. V. 76, p. 653. Controlled by Clev. Cln. Chic. & St. Louis
and Ponn. RR. Interests. Bonds, guaranteed by Clev. Cin. Chic. & St. L.
(which owns $60,000 stock), are limited to $20,000 per mile. The Penn. Co.
on Dec. 31 1916 owned 3750,000 of tho $1,500,000 1st M . 4s. V. 77, p.
517, 2279: V. 78, p. 1906. 1961. Stock auth., $120,000. Tho Penn. Co.
owns $60,000 stock. Calendar year 1916, gross, $225,888: def. under oper.
exp., $16,544; other inc., $548; chges., $89,761; bal., def., $105,756. Pros.,
J. Q. Van Winklo.— (V. 78. p. 1906, 1961.)
CENTRAL NEW ENGLAND RY.— Owns from Campbell Hall, orosslng
the Hudson River at Poughkeepsie by Its own bridge, to Sllvernalis, 31 m.;
Poughkeepsie, N. Y., to Hopewell, 12 m.; Dutchess Jet., N. Y., to State
line, 53 m.: Poughkeepsie, N. Y ., to Boston Corners, 34 m.; total owned,
138 m ; and leases and controls Hartford & Conn. Western R R .. Hartford
to Rhlnecllff, 110 m.; TariflvIUe, Conn., to Agawam Jet., Mass., 14 m.;
Agawam Jet. to Springfield, Mass., 3 m.; trackage over Now England RR..
trackage over Boston A Albany R R ., Wicopee June, to Kishkill Landing,
1.71 m.; Hopewell Jet. to Danbury, 33.4 m.; total, 301 miles. V. 89, p.
918; V. 95. p. 418.
ORGANIZATION.— On Oct. 1 1917 the N. Y. N. H. & H. R R . owned
$3,737,083 pref. and $4,795,054 com. stook. V. 85, p. 404, 858; V. 89.
D. 469; V. 90, p. 1238, 1296, 1489: V. 91, p. 153, 396. 870.
STOCK.— Common, $4,800,000; pref., $3,750,000; par, $100. After
4% on the pref., both classes participate equally.
Dividend on non-cum. pref., 4 % , paid in 1913-14; In 1914-15. 6 % on
rof. and about 2% on common. Cal. year 1916, 7 H % on pref. and
J<% on common.
BONDS.— The 1st guaranteed 4s of 1911 ($25,000,000 auth. Issue) are a
first lien on 141 miles of road and the Poughkeepsie Bridge; those unsold,
(except $287,000 reserved for Dutchess Co. bonds) are set aside for not
exceeding 75% of the cost of extensions, additions aud improvements.
$13,427,000 wero outstanding July 31 1917 and $1,217,000 additional In
treasury. V. 98, p. 1315. V. 92, p. 1374. 1635; V. 94, p. 206; V. 96, p. 134.
The outstanding $18,000 Gen. Mtgo. Income bonds.due Feb. 1 1949, on
which 5% p. a. is regularly paid each Oct. 1. are covered by a special de
posit. V. 103, p. 1031; V. 105. p. 997.
LATEST EARNINGS.— (1 917..Gross. $5,050,632; net (after $710,193
11 mos., Jan. 1 to Nov. 30.\1916-.Gross, 4,779,073; rents), 1,344,522
EARN IN G S.— For 12 months ending Dec. 31:
12 mos. end. Dec.31. Gross.
Net.
Other Inc.
Charges. Bal.,Sur.
1916.................. $5,208,198 $2,076,232 $197,066 $1,358,648 $914,650
1915.................. 4,644,112 2.110,306
90,410 1,090,750 1.109.966
Dividends amounting to $470,684 were paid during the cal. year 1916.
OFFICERS.— E. G. Buckland, New Haven, Pres.; A. S. M ay, Treas.:
Arthur E. Clark, Sec.— (V. 99, p. 608: V. 103,!p. 662. 1031; V. 105, p.997.)
CENTRAL PACIFIC RY.— (See Map of Southern Pacific.)
Lines Owned—
Miles. Hazon, N ov., to Keeler, C a L .288.66
Oakland, A c., local lines______ 17.83 Weed, Cal., to Kirk, Ore____ 127.38
Oakland pier to Elvas, Cal___133.46 Natron to Oakridge, Ore______ 34.39
Sacramento, Cal., to Cecil
Mojave to Owengo. Cal______ 142.90
Jet., Utah............................. 692.20 Fernley, N ov., to Westwood,
Niles to San Jose, Cal_______ 17.58
C a l......................................... 136.60
Niles Jet. to Redwood Jet_____ 16.24 Branches___________________ 115.52
Umbria Jet., N ev., to near
Ogden. Utah______________ 142.48 Leased______________________ 12.06
Lathrop to Goshen Jet., C a l..146.48
T o ta l............................ $34,372,348
Roseville, Cal., to Oregon
Net earnings.................... $12,215,701
State Line....................................................... 296.58
Total June 30 1916.2.320.36
income (after taxes)$11.823,432
ORGAN IZATION .— Incorp. In Utah In July '99, per plan In V.68,p.378. Not
Interest, A c...................... 2,474,442
In 1914 the Government brought suit to separate tho company from the Miscellaneous..................
142,639
Southern Pacific C o., but was beaten in lower Court in March 1917. V. Rontals paid.................... 3,308,456
104, p. 1044.
Dividends
(12%
)............
3,292.416
STOCK.— The Southern Pacific Co. owned the entire $67,275,500 com
mon and $17,400,000 pref. Pref. Is 4% cum. and participates equally with
Surplus.........................a$2,605,478
common after 4% on each. All pledged for Its coll, trust 4s. V. 96, p. 419.
S
Places Where Interest and
Dividends are Payable
M A N May 1 1937
Guaranty Trust Co, N Y
J & J July ’ 18-Jan '26 Commercial Tr Co, Phlla
1.000
l . 000.000
5 S
J
100
1.022.900
6
J
100 5.19L.100
5
J
100
436.400
5
J
1,000
225.000
5g
J
1.000
1,500.000
M
4g
287.000 4 « (6) g J
1.000
1.000 Ac 13.427.000
4g J
1.349 1899
500 Ao 98.904.000
1,349 1899
500 Ac
9,249.825
103 1904 1.000
9.040.000
__ 1911
500 fr
48.262.548
479 1911
8.500.000
86 1912
5.000.000
[Vol. 106.
$30,568,905 $33,402,929 $28,742,256
$10,714,623 $12,333,033 $9,790,949
$10,875,915 $11,809,544 $10,702,859
2,451,661
2.448,550 2,473,288
113,591
137,341
86,798
3,102,100
3,251,080 2,830,595
3,292,416
3,292,410 3,292,416
$1,915,146 a$2,680,157 $2,019,762
a Docs not Include Lehigh A Wilkes-Barre Coal Co. divs. o f Juno and
Dec. 1916 declared, but not yet received amounting to $1,103,055., Pros.
W. G. Besler.— (V. 105, p. 1308, 1707, 1897, 2093, 2455; V, 106, p. 497.)
R A ILW A Y STOCKS A N D BONDS
Feb ., 1918,
R A IL R O A D COM PAMI RS
[For abbreviations, A c . see notes on first pace J
M iles Date
Road Bonds
Central Vermont— Stock $3,000.000------------ -
First M $12,000,000 gold traffic guar------- AB.xo&r All
First & Refunding mortgage $30,000,000— - - - -Eq tr notes due $49,000 each F Sc A (V 94, p 350)x
40.6
Montreal & Province Line Ry 1st M guar p & 1----C
O V Trans eq bds g gu $12 M or $13 M due s-a.Ba.x
do
do Ser B due $50,000 seml-an guar.-Ba.x
30
Central W Va & S outh R R — 1st M g s f red text _c*
Charleston & Savannah— See Atlantic Coast Line R R Charleston Terminal— First M $1,000,000 g — G.xc’ &r
Charleston Un Sta— 1st M$100,000 s gu(text)Eqxo*&r
343
Charleston St West Car— IstM g($8.000 p m)Ce.xo*&r
343
1st consol M Ser A .......................................SBa.xc*
343
_____________________________ - - - -
do
do
Augusta Terminal Ry 1st M gold guar p & 1end.xCe
18
Charlotte Monroe & Columbia— 1st M $70,000 g — c
Charlotte Columbia & Augusta—See Southern Ky
Chartiers—See Pltt.sb Cincinnati Chicago & St Louis
Chattahoochee Valley—
3214
Consolidated mortgage $280,000----------- v ; - - A v
Chattanooga Station— 1st Mg gu(text)..----E(i,xo<56r
Chesapeake & Ohio—Stock ($155,000,000 authorized)
10
Terminal 1st M 1922 covering 8 m to Phoebus g.zo
697
First consol mtge for $30,000,000 gold---.Ce.xo &r
242
Rich & All DIv 1st & 2d Ms ($1,000,000 2ds)Ce.xc*
26
Craig Valley Branch (lrst mortgage g o ld -.— Le.xo
25
Warm Springs Branch first mortgage gold--.C e.xo
1,433
General mortgage (for $70,000,000 &o) gpld-.Ce.xo
22
Paint Creek Branch 1st M $750,000 gold-.--C e.xo*
104
Coal River IstM g ass d _________________---C e .x c*
101
Greenbrier Ry 1st M $3,000,000 g assumed.-Eq.xo*
86
Big Sandy Ry first mtge $5,000,000 gold.--C e.xc*
20
Potts Cr Br IstM $1,000,000 auth(V 83,p 093)Ce.xc*
30
Virginia Air Line 1st M $900,000 g assumed. . . - - - -x
Raleigh & Southw 1st M $1,500,000 g assumed Cex 35 h
Gen fd A Imp M $11,000,000 red 107 H-Usm.xo*&r* 1.661
__
Convert g bonds $37,200,000 red text Usm.xo*Ar*
Convert g bonds .$40,180,000 g - - — ---------- c
1899
1916
1912
1900
1909
1912
1913
$100 $3,000,000
500 &c 11,750,000
1,000
100 &o
1,000
1,000
1.000
1903 1,000 Sec
1907 1.000 Sco
1896
1.000
1914
1.000
1914
1,000
1897
1,000
1902
1,000
1900
1.000
1907 1,000 Sec
100
1882
500 &c
1889
1,000
1890
1,000
1890
1,000
1891
1,000
1892
1,000
1905
1,000
1905
1.000
1900
1.000
1904
1,000
1906
1,000
1907
1,000
1906
1,000
1909 1,000 Sen
1910 1,000 Ao
1916
500 &c
CENTRAL RR. OP PENNSYLVANIA.— Ownsi Bellefonte (Penn. RR.)
to Mill Hall. Pa. (Pa Dlv. of N. Y .C . & H. R. R R 0 . 27.3 miles: branch.
3.4 miles. Current liabilities June 30 1918, $74o,65b. For year 1915-18,
gross, $60,575: not. $ 1,446; other Inc.. $179; charges. $25,572; deficit, $20.
947. Stock, $600,000; par, $50. Pres., W. H. Gephart.— (V. 88. p. 1312.)
CENTRAL RR. OF SOUTH CAROLINA.— Owns from Lancs, 3. O., to
Sumter. S. C., 40.2 miles; spurs, &o., 1.61 m.. total, 41.81 m. Leased to
Atlantlo Coast Lino R R .; rental, $31,000 yearly and taxes. Stook, $170,
000; par. $50. In 1914-15. rental. $31,000; general expenses $326: Int.,
$18,000; divs. (7.2% ). $12,240; balanoe. surplus, $1090.— (V. 64. p. 887.)
C E N TR A L-R Y . OP CANADA.— Seo page 208.
CENTRAL RY. OP SOUTH CAROLINA.— (V. 82. p. 927.)
CPNTPAI VERMONT R Y.— Operates from Rouses Point, at north end
of Lake Champlain, to New London, Conn., with branches, 536 miles In all,
of which LOO miles leased, viz.: New London & I^rthern (see that oo.) 121
miles; Montvllle Branch, 3; West River R R ., 36 m. V . 68,p . 1076. In May
1914 received authority to lease for 999 yrs. Southern Now England Ry.
partly built, Palmer, Mass., to Providence; and In May 1916 asked right
topurchasoit. V. 102, p. 1718. The advances bythe Central Vermont on
account of this line had on June 30 191 Oaggregated 18,049,104, the O. V.'s
loans and bills navablo June 30 1916 amounting to $8.260,271. V. 98, p.
1459; V. 102, p! 65. 2341: V. 103, p. 2078. Steamboats, V. 103, p. 406.
SECURITIES, Ac — The Grand Trunk R y. holds $2,164,500 of the $3,
000,000 stock. Form of Interest guaranty. V 85 p 283
For Central
Vermont Transportation guar. 5% bonds, sec V. 88, p. 1252-jjuar. bonds
oovering 2 steamships. V. 94, p. 910, 124
. 1095. \ . Oo. p. 749.
In Juno 1916 contomplatod creating $30,000,000 bond Issue to provide
for rundlng, refunding, completion of Southern Now England R y., future
Improvomonts, &c. To bo guaranteed by Grand 1 runk Ry.
LATEST EARN INGS.— J1917--Gross, $4,120,499; net (aft. $371,534
11 mos., Jan. 1 to Nov. 30.\1916--Gross, i 4,096,811;
rents), 633,146
R E P O R T — Year 1915-16. V. 103. p. 1883. Earnings 1916-17:
Year—
Gross.
N it.
Other Inc.
Charges.
Bat., Sur.
$828,652
$43,720
$789,159
$83,213
1916-17___ $1,725?84Q
1915-16___ 4.612,358
974,(>4o
43,720
843,157
17o,2C8
OFFICERS.— Chairman. Howard O. Kelley; Pro?.. E O. Smith;JCler,c
&JTreas., W. H. Chaffee, c t. Albans, Vt.— (V. lOo, p. 1522, 2093.)
CENTRAL WEST VIRGINIA & SOUXHBRN R R .— Hendricks. W.
Va., to Armontrout, 30 miles; leases Bed
Creek Jet. to
Lanevillo 5 70 miles; total, 35.7 miles. Stock, $500,000; par, $100.
Bonds ($1 000,000au thorlzod), of which $500,000 rwerved for new construc
tion. Callable on any Int. day after Jan. 1923 at 105. Sinking fund ertires 2 H % of bonds outstanding semi-annually. I res., Robert F. Whitmor- 1st V.-P., J. A. Harris: 2d V .-P .. W. H. Bower; Treas., J. E. Richards:
Sec.. Fred II. Ely. Philadelphia, Pa. Office. Hendricks, \V. Va.
CHARLESTON (S. C.) TERMINAL CO.— ROAD.— Owns terminal road!
8 02 m - 14 wharves, 30 warehouses. 4 ootton compresses, Ao. V 77,
p. 148, 298. Stock authorized, $5,000,000 (V. 10o, p. 2455); issued to
Dec. 1917. $200,000, owned jointly by Atlantic Coast Lino R R . and
Southern Ry. which agree to make good any dedoienov in interest on bonds.
Loans and bills payable. $30,000.
Year endlng June 30 mir, 8r0ss
$198,935; not. S92.2S9; 1914-16. ^ j * 227{363; net income. $29,427; Int.
on bonds, 832,000; dal., dof., $2,573. (v . 10.), p.
CHARLESTON UNION STATION CO.—owns passenger station at
Charleston. S 0.. used by Atlantlo Coast Line and Southern Ity., whloh each
owns one-half the stook and guarantees the bonds, p A i . oy endorsement.
Rental covers Interest on bonds and 4% on stock. Seaboard Air Line Ry
also uses passonger station under agreement. (V. 84. p. oO.)
CHARLESTON & WESTERN CAROLINA R Y.— Port Royal, S. 0 .. via
Augusta. Ga„ to Spartanburg. S. 0 .2 4 6 m.; branches to Anderson and
Greenvillo, 3. C ., 95 in.; leased, 2 in., total, 343 m. Entire stock owned by
M L Coast Lino Oo. V. 66. p. 38, 335.
STOOK,— $1,200,000; par, $100. See Augusta Term. Ry. V. 66, p. 383.
BONDS.— Of the 1st cousol. 50-yr. bonds of 1914 ($10,000,000 author
ized Issued), $2,380,000. Issued to retire the Income bonds have Interest
payable at 2% yearly for the first 2 years. 3% for the next 3, 4 % for the
next 5 and thereafter 5% . Of the remaining bonds (to bear Interest no
higher than the So. Carolina rate), $2,720,000 are Issuable from tlmo to
time to retire the old 1st 5s, $600,000 to take up the Augusta Torminal 6s
and $1,300,000 oxton., betterm ts or eonlp. V. 98, p. 1315. V. 100. p. 1347.
V 'LATEST EARN ING S.— / 1917,-Gross, $2,157,929: net (aft $592 042
11 in o s lfja n 1 to Nov. 30.\1916--Gross, 1,828,988; rents).* *648,409
REPORT — Year ending Dec. 31 1916, V. 105, p. 2365:
Calendar Gross
Years Earnings.
Net after Other
Interest,
Taxes.
Ineomt. Rents, Ao.
Common
Dividends.
Balance,
Surplus.
19^6..'-$2 025^70 $648,022 $04,843 $309,105 (5)$00.000 $34.‘f,760
1Q15
1 770.596
476,172
45,259
326,216
............
195.185
, pros".” F.’ B. Grier, Greenwood; J. It. Kenly, 1st V.-P.; A. W. Andorson
2d V -P & Gon. Mgr.; R. D. Cronly, Sec., Wilmington, N. O.— (V. 100.
p. 1347, 2009. 2365.)
CHAPIOTTE MONROE & COLUMBIA RR.— Owns MoBee, S. 0 .. to
Jefferson 18 ml ««
In Feb. 1913 W. R. Bonsai. Hamlet. N. O.. and
associates’ securwl control. Stock, $48,000; par. $100. Pres., w r .
K a l - s 'e c T T r e a s .. S. O. Bauorsfiold. McBoo, S. G . - ( V . 89. p. 1346.)
CHATPAUOAY ft LAKE PLACID RY.— [See Map Del. A Hudson.)—
Ope" t i from Plattsburg, N. Y., to Lako P acid. 79 miles, or which Bluff
Point to Dannemora, 16 m ., Is leased at nominal rental from State of N. Y.
Stock S3 450.000, of which $3,000,000 Is 4% non-cum. prof., tho latter
all ownod by D. & II. (V. 84, p. 50) and $450,000 common stock, of which
the D. & II. owns *75.000. Leased to tho Del. A Hudson until Dec. 31
2403 any balance over expenses of operation. Interest, taxes, maintenance,
damages, dividend on pref. stack, Ao., to go to the lessor. The lease Is
subjoct to revision on 6 months' notice by either party.— (V. 84, p. 50. 930.)
Amount
Outstanding
Par
Value
361,000
200,000
98,000
450,000
500,000
Rate
%
When
Payable
27
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
$2,185, 100 held by Grand Trun k Ry ef Canada
American Trust Co, Bost
4g
Q— F May 1 1920
5
4
5
5
5
g
g
g
g
4g
800,000
4g
250,000
5g
2,720,000
2.380,000 2 to 6
See text
6g
600,000
5g
70,000
F
A
M
M
J
& A Aug '18-Feb ’22
6c O Oot 1 1950
Sc N15 M ay’ 18-May’21
& N May'18-May'22
Sc J Jan 1 1933
J Sc J July 1 1953
J Sc J Jan 1 1937
A & O Oot 1 1946
J & J Jan 1 1964
J & J Jan 1 1964
A Sc O Apr 11947
A Sc o Oot 11932
J
5
280,000
4a J
1.000,000
62,792,000 4 In 1917
J
142,000
6g
M
5g
29,858,000
4 g .1
7,000.0<X]
r
5g
650,000
400,000
5R M
M
48,129.000
4>4 g
F
4g
539.000
4 g ,T
2,756,00(1
M
4g
1,742.000
4 g J
4,510,000
4g J
600,000
5 tr. M.
900,000
4g J
845.000
3,698.00(1
5g J
31,390,000
4H g F
A
40,180,000
5g
&J15 July 15 1920
& J .Tan 1 1957
Dec 31 1917 2%
Sc 1) June 1 1922
Sc N May 1 1939
Sc .1 Jan 1 1989
Si J July 1 1940
& s Moh 11941
Sc s Mch 11992
Sc A Feb 1 1945
Sc n June 1 1945
Sc N Nov 1 1940
Sc D June 1 1944
& J July 1 1946
Sc N May 1 1952
Sc J July 1 1938
dc J Jan 1 1929
Sc A Feb 1 1930
£ O Apr 1 1946
Blair & Co, New York
Amer L & Tr Co. Boston
Bankers Trust Co, N ¥
do
do
West End T r C o, Phlla
Guaranty Trust Co, N Y
Equitable Trust Co, N Y
Central Trust Co, N Y
New York or Baltimore
do
do
Central Trust Co, N Y
Amer Trust Co, Boston
J, P. Morgan & Co. N Y
Office, 71 Broadway, NY
J P Morgan Sc Co. N Y
do
do
do
do
Office 71 Broadway, N Y
do
do
do
do
do
do
do
do
J P Morgan Sc Co. N Y
Office, 71 Broadway, N Y
do
do
do
do
do
do
do
do
do
do
do
do
CHATTAHOOCHEE & (1ULF RR.— Columbia, Ala., to Florala. 92 m
LEASE.— Leased In 1900 In perpetuity to Cent, of Georgia R y. for 6% on
$136,400 stock and *407,000 bonds (of which only $242,000 outstanding
Jan. I 1917), of which 1% to be used as a sinking fund for retirement of
bonds, upon completion of which rental will be 5% on stock, payable J.-J.
See Gent, of Georgia R y.— (V. 99. p. 1748; V. 105, p. 2542.)
CHATTAHOOCHEE VALLEY R Y — Standing Rock. Ga., via West
Point to Jester, Ala., 32.5 m.; with extension completed In 1916 from M c
Culloch, Ala., to Bloccker, 11 m. Stock auth., $1,000,000; Issued, $110,
000; par, *100. Bonds, see table above. The $50,000 old 6s, due July 15
1916, wero replaced by consols. V. 103, p. 843. Loans and bills payable
Dec. 31 1916, $100,500. Year 1916, gross, $144,330; net, after taxes,
$67,179; charges, $30,114; bal., sur., $38.396 — (V. 103, p. 843.)
CHATTANOOGA STATION CO.— Owns union passenger station opened
Dec 1 1909 and approaches at Chattanooga, Tenn., used by the Southern
R y., Central of Georgia, Alabama Great Southern and Ctn. N. O. & Texaa
Paolllo, whloh each owns one-fourth of the stock and guarantees the bonds
jointly and severally, p. & 1., by endorsement. Rental oovers bond Interest
and 4% on stock.— (V. 84, p. 50.)
CHESAPEAKE & OHIO R Y .— (See M ap.)— On Dec. 31 1916operatod
Controlled by stock —
M iles.
Lines owned in fee —
M iles.
2
Ft.Monroe,Va.,toCovlngton,Ky. 663 Bridge— Covlngton-Clnclnnatl .
Ches. & Ohio Ry. of Indiana__ 261
Richmond via Lynohburg, to
Lines leased—
Clifton Forge, Va_________ 230
38
Branches In Va. and W . Va__ 661 Sundry branohes leased______ _
84
Denton, K y., to Lexington____ 103 Trackage to Louisville________
Trackage to Washington, D. 0 .
85
Big Sandy Jot. to Elkhorn City,
55
with branch________________ 128 Other trackage_______________
Branches In Kentucky________
76
Total of all...............................2.386
In Jan. 1918 (V. 106, p. 188) purchased Piney River & Paint Creek R R .,
11 miles.
Second track (481 owned) 607 miles Also controls Hocking Valley,
350 m., C. & O. Nor. Ry. and ono-slxth Int. In Rlehmond-Washlngton Co.
Ohesapoako & Ohio Northern Ry. (see caption that co.) opened Sept.
1917 a 30-milo lino which, as supplemented by 60 miles trackage over the
Norfolk & Western, affords a direct connection with the nocking Valley,
and thus to the Great Lakes, replacing Kanawha & Mich, line (V. 101, p.
1884). V. 100, p. 1751: V. 98, p. 1536, 1692; V. 105. p. 497.
HISTORY, &C.— In 1888 reorganized without foreclosure. V. 88, p.
294. Owns $8,825,800 of $11,000,000 Hocking Valley com. stock; for
court decision in 1917. seo V. 105. p. 90S, 997. As to Ches. & Ohio Ry. of
Indiana, soo below. V. 90, p. 1675; V. 91, p. 93. 214, 802. In July 1917
purchased .8,000 acres of coal laud through tho Wostern Pocahontas Fuel
°rCanawha>&1 Mich! stock was sold to Toledo A Ohio Central Ry. as of
Juno I 1914 at par with lot. from that date. *2.000.000 to be paid In cash
and remainder in Tol. t Ohio Central note due Sept 1 1915, guaranteed by
Lako Shore & Mich. Southern Ry. and fully secured. V. 96. p. 62, 134.
V. 97, p. 1425; V. 98, p. 911. 1536; V. 99, p. 1066. 1055. 1450.
DIVS.— ('99-08. 1909. 1910. 1911. 1912. 1913. 1914.1915. 1916. 1917
Per cont__fl yearly 3
4*4
5
5
4J4
3 None
2
4
Dividends in Dec. 1916, 2% ; Juno 1917, 2% ; Dec, 31, 2 % . See V. 105,
p. 1998.
STOOK.— Author, stock was Increased in 1916 to $155,000,000, o f which
$37,200,000 was reserved for conversion of 4H » of 1910 and $50,240,000 for
conversion of 5s of 1916. V. 102, p. 1162, 1625.
PONDS.— Abstract or consol, mtge. of 1939 In V. 49. p 147; V. 86, p.
1588. V. 92, p 260: of Richmond & Alleghany mtges., In V. 51, p. 144.
The General mortgage of 1892 (Central Trust Co. and H. T. Wickham,
trustees) Is for $70,000,000, hut additional amounts at *25,000 per mile may
be Issued for double-tracking. See full abstract of mortgage In V. 54, p.
644. In July 1915 $31,131,000 was reserved to retire underlying bonds.
General Funding and Imp. mort., V. 87, p. 1603; V . 88,p. 157.
Tho " First Lien and Improvement” mortgage of 1911 Is limited to $125,
000,000 bonds, bearing Interost at rates not to exceed 5% . It provides for
extensions and Impts. and the retirement of certain equipment and other
obligations. Including tho "General Funding and Improvement” bonds,
and for other corporate purposes. Of entire $17,265,000 outstanding under
this mortgage in June 1916, *45.920.000 had been pledged to secure the
$40,180,000 convertible 5s of 1916, duo 1946.
Collateral Pledged or to be Pledged for First Lien and Impt. Mortgage Bonds.
Q . Sc O . Equipment Corporation securities representing equip't.$l 1,925,632
Ches. St O . Ry. Co. of Iud.— All stock, bonus and notes______ 13,881,308
Ches. & Ohio Ry. Co. General Funding & Impt. b o n d s ..------- 7,302,000
Hocking Valley Ry. Co. stock (out of Sll.000,000 outstanding) 8,825,000
Proceeds of Kanawha & Michigan stock sale (being principally
applied to purchase of O. St O . Northern stock)------------------- 4,026.500
Elkliorn & Beaver Valley Ry. Co. stock Sc bonds (V. 99, p. 119) 1,061,000
Logan St Southern Ry. Co. stock-----------------------------------------292.100
The First Lien A Improvement Mortgage bonds will thus be (1) a first lien,
either directly or through deposit of all stocks and bonds, upon 320.57 miles
of railroad, viz.: (a) Directly on 29.34 miles o f coal branch lines In West
Virginia; (b) through deposit of all securities on 9.79 miles of Logan St
Southorn Ry. in W. Va.. on 20.74 miles of Elkhorn & Beaver Valley Ry.
In Kentucky, and on 260.7 miles of main line between Cincinnati and Chi
cago. (2) a first lien on all stock of C. & O. Northern R y., road under
construction, and 80.23% of stock of the Hocking Valley Ry. Co. (3) A
lion on all tho remaining lines of railway owned or controlled by the com
pany, aggregating about 1,800 miles, subject to $101,872,000 prior liens.
Tho 114% convertible bonds, due Feb. 1 1930, have a parity of lien with
the First Lien & Impt. bonds on such lines as were owned on April 28 1910.
but not on the above-mentioned collateral.
__ _ „ ___
Of the authorized $37,200,000 convertible gold bonds of 1910, $31,390,000
were Issued In that year. They are redeemable after 1915 at 10214,
and convortiblo at par, at the option of the holder, into stock till Feb. 1 1Q21.
V. 90, p. 771. 848; V. 91, p. 870, 945, 1159. 1574.
^ ^ sf.A StW M
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Federal Reserve
Bank of St. Louis
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29
RAILWAY STOCKS AND BONDS
F e b ., 1918. |
Miles Dale
Road Bonds
R A IL R O A D C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
^^Krst^Llwi'&Tnpt mtge 1125,000,000 authorized..x
Oar and equipment trusts (see text)---------------------Guaranteed bonds—
..
.
Elev Co lstM g(C& 0 owns $284.000)gu p& l.Ce.zc«
2d M Inc n-c (O&O owns $402,500) not guar.zc*
Ohes & Ohio Nor lty— See statement below
Louis & Jeff Bdg 1st M $5,000,000 gu P & I end o
Norfolk Ter & Trans 1st M (V 67, p 322) gu P & Lx
Western Pocahontas Corp 1st M (V 84, p 99«>)---x
do
do
do
Extension No 1.x
do
do
do
Extension No 2.x
Western Pocahontas Fuel Co. coupon n o t e s ...----Rlohmond-Wasblngton Go (one-sixth Interest). . . Cties & O hio Nor— 1st M (closed) red 105 gu p & I- C hes& O Ry of Ind— 1stM $30,000,000 red par Bax
Chesterfield & L ancaster-lst M $750,000 g -.C ol.xo*
Chestnut Hill RR— Stock rental P A R R y .............
Chicago & Alton RR— Common stock.....................
Preferred stock 4% n on -ou m u la tlv e.------ - - - - - - 4% cumulative participating and prior lien stook..
Ohio & Alton RR (old) ref M g (see text) IC.xo &r
First Hen (old Ry) M subjeot to call at par F.xo&r
Debentures, subjeot to oall-----------------CexlEquallly
Gen M $20,000,000 g red text-Usm xc’ &r* I secured
O A A Eq Trust
$82,000 Ser E1due s-a— — -Bax
do
Trust Ser F due 13M or 12M s - a . . — *
do
Ser G gu red 101 due *72.000 an - Pe P .xo
do Ser ’ 16 call 102 $47,500 duo J&D GCl.xxx
Kansas City St Louis & C preferred stack guar. . Joliet & Chloago 7% stook perpetual guar’ by O & A
Louisiana & Missouri guaranteed I,refeAr^.., k
R utland Tol & No 1st M g gu red since Oct 15-NOO
Amount
Outstandino
Par
Value
Rate
%
When
Payable
$ 1,000
1,000
$820,000
450.500
1895
1.000
1,000
1898
1905
1,000
1000
1,000
1906
1,000
1917
50,000
1903 1.000 &C
30.4 1915 1 . 0 0 0 & c
262 1910
1.000
38 1905
1,000
50
100
100
100
889 1899 1 000 Ao
943 1900 1.000 Ao
1907
1912 1,000 &c
1908
1.000
1909
1.000
1910
1.000
1916
500 &c
162
100
37
100
101
100
27 1910
100 Ac
a4.500.000
500.000
750.000
83.000
51.000
2 ,000,000
10 .000.000
1.000.000
7.270.000
186.000
195.650
19.542.800
19.544.000
868.700
45.350.000
22,000.000
815.000
16.834.000
164.000
37.000
218.000
380.000
1.750.000
1.500.000
329.000
225.000
1888
1888
Places Where Interest and
Dividends are Payable
Dec. 11930
See text
1911
Last Dividend
and Maturity
I*
Is
4M
4H
54H
4g
5g
6
3 g
I*
6g
4M
t5 *a
4H
6
7
4g
A
& O Oot 1 1938
Oot 1 Oot 1 1988
Office 71 B ’way, N Y
do
do
J P Morgan & Co. N Y
& S Mch 1 1945
Office 71 Broadway, N Y
& A Feb 1 1948
Aug 1 1945
do
do
&
Aug 11945
do
do
&
do
do
& O Oot 1 1946
Nat City Bk, N Y
& D June 1 1921
New York Trust Co. N T
& D June 11943
Office, 71 B ’way. N Y
& O Oct 1 1945
Office, 71 I)’way, N Y
& J July 1 1930
Columbia Trust Co. N Y
<2 A Aug 1 1955
Q—M Dec 4 1917, 1H Treasurer’s offloe, Phlla
F & A Feb 15 ’ 10. 2% Checks mailed
do
Jan 16 1911,2%
&
do
Jan 15 ’ 12. 2%
&
First National Bank.N Y
Oct 1 1949
&
do
do
July 1 1950
&
60 Wall Street, New York
June 11922
A
do
do
July 1 1932
&
M ayT 8-N ov’ 18 Bankers Trust Co, N Y
&
do
do
Aug ’ 18-Feb ’19
A
A O To Oot 1 1920 Penn Co for Ins.Ac.Phlla
Bankers Tr, N Y ; Clev
& D Dec 1 1921
Checks mailed
Feb 1 1918
do
do
Jan 2 1918 IM
do
do
F A A Feb 11918
Northern Tr Co, Chicago
A & O Oct 1 1930
M
F
^G uaranteed Jointly and severally with Cleveland Clnoln natl C hlcago A St Louis.
The C o n v e rtib le 30-y e a r 5% g o ld bonds f o e $40,180,000. bearing interest
frnm Anril 1 1Q1B were authorized in March 1916 (V. 1(32, p. 1102) to pro
vide for tho retirement on June 1 1916 o f $33,000.000 5-year 5% secured
gold notes dated 1914 and for other financial requirements. Tho privilege
nf mirchaslntr these now bonds at 97 >3 and int. was underwritten by a
ayn^kate)and offered to holders o f common stock o f record April 3 1916.
The hnnds 'ire convertible at option of holder at face value into common
atock M at $
7
5
up to and including April 1 1920. (b) thereafter
at
ner share ud to and incl. April 1 1923, (c) then at $90 per share uo to
and hi5eFApHl°lUlf926fand (d) at $100 per share up to and incl. April 1936.
wRh adjuirment of dividends and Interest. The entire Issue, but not a
A proportionate amount of the security may bo withdrawn as bonds are
convertible Into stock. V. 103, P- 60.
Louisville A Jeffersonville Bridge.— Seo separate statement for that co.
Greenbrier Ru. 4s V. 72, p. 626; bee also V. 71. p. 554, 602; \ . 79. p. 915.
Big S a Z v Z o t 1904. V 79. p. 917; V. 82. p. 297; V. 87, p. 225, 414
1418. Guaranty, V. 81, p. 668.
Coal River 4s. V. 80, p. 2219: V. 83. p.693: V. 89. p. 720; V. 98. p. 452.
Paint Creek Hr. 4s $211,000 reserved for extensions. V. 81. p. 974, 910
Raleigh A Southwestern 4s, V. 84, p. 1114: V. 8J. p. 720.
Car Trust, Gold (Denomination $1,000\ Each) . Jan. 31 1918.
Series Dale.
Outstanding.
Mature in Installments.
N 1914 414%
.$1,105,000 Ju n e’ 18-Juuo 1 5 ’24
$S5.000s.a.
0,1916 414% calf 102J4-- 2,528,000 July 15 18-Jan. lo 26 158,000s.a.
p 1916 4 %
- - 2,250.000 June 18-Dec. 26
125,000s.a.
R 1917 4>4% calf 102 - - - 3.591,000 M f g A S‘ ?5% 1|7
189.000 s.a.
885.426 T oS ept. 151918.........
8. 8. O. B o. 1913.............
Interest paid soml-annually as indicated by ’maturity date; “ N ,” “ O,”
“ P ” and " R " at Commercial Trust C o., Philadelphia.
F I N A N C E S . — Tho $40,180,000 convertible 30-year 5s offered to share
holders in March 1916 aftor having been underwritten by a syndicate
headed by Kuhn, Loeb & Co. and Nat. City Go. of N. Y ., provided for the
retirement on Juno 1 1916 of the *33^0^,000.5% secured notes of 1914
and for other financial purposes; see above and V. 102, P. 1164.
Tho company In March 191b decided (see V. 10., p. 1162, 1810) that It
would appropriate out of Its net income tdhurJ^ng l he £hree years beginning
Mav 1 1916 an aggregate sum of not less than
,500,000 for additions and
tmtrerraenta and for capital expenditures or reduction o f capital liabilities,
neluding during the three years mentioned equipment obligations already
ncurred aggregating about $5,000,000.
EARNINGS — For cloven months ending Nov. 30 1917:
II M os
L
s.
Net.
Oth. Inc.
Interest. Rentals, Ac. Surp.
1917
1916
::: 49
M 902 S850
:
. ,
,
:
12 860.535 2,517,559 7,886,972 1,044,391 6,466,731
1 4 3 9 :4 5 2 7 6 8 1 1 4 5 1 0 0 7 .5 0 5 7 0 5 5 :3 7 4
ANNUAL REPO RT.— Fiscal year now ends Dec. 31. V. 105, p. 1418.
Report for cal. year 1916, V. 104, p. 2129, 2110.
-----Years end. Dec. 31----------- Years end. June 30—
1916.
1915.
1915.
1914.
Express, mall. &c..........
Total earnings
s§:it!ll I I I I I I s
3,510,354
2,669,020
2,479,412
2,495,289
$49,834,312 $43,580,841 $39,464,037 $37,459,864
32,698.676 28,998,626 27,556,414 26:413,898
Net earnings...............* 17,i§ £ ’« i£ $14,582,215
Other Income (not)____
550,683
9-586
203,453
*11.045.966
1,191,433
Total Income................$17,686,319 S14.691.801 S12.lll.076 $12,237,399
Interobt on debt------------- $8,382,833 *?-95r’«Qa
87,934,648
Taxes
.............- - 1.636,604
1,445,685
1.349.497 1.330.935
Dividends.................... (2%)1.255.632
(l)b27,816
(4)2,511,264
Balance, surplus_____$6,411,250
OFFICERS
$5,092,021
$2,035,720
$460,552
oper., 284.4 miles. In Feb. 1918 Issued $401,000 additional First 5s, on
account of improvements, making $7,270,000 outstanding. See C. & O.
Ry. above.— (V. 106, p. 188.)
CHESTERFIELD & LANCASTER RR.— Owns cueraw, s . c . . to Pageland and Crowburk, 38 m. Bonds (limited to $750,000) Issuable at $5,000
per mile. V. 81, p. 1790. There were outstanding Dec. 31 1916 $67,000
2d 6s due Jan. 15 1918. Stock. $500,000, a majority being acoulred in
Junel909bythoSeaboardA irLineR y.,par,$25. For year ending Dec. 31
1916, gross, $50,914; net, $7,148; charges, $19,040; bal.. def., $11,892.
Pres., W . J. Harahan; Treas., R . L . Nutt.— (V. 89, p. 40.)
CHESTNUT HILL RR.— Owns from Germantown to Chestnut Hill, Pa.;
4 m.; being double-tracked May 1902. Re-leased In 1896 to Phlla. A Read,
Ry.. tho rental being reduced from 12% to 6% on stook, thb latter being lnoreased In June 1902 from $120,650 to $195.650.— (V. 75. p. 76.)
CHICAGO & ALTON RR.— (See M ap Toledo St. Louis A W estern.)—
ROAD.— Chloago to St. Louis, Kansas City, Ao., In all 998 miles.
Road owned—
M iles,
Road owned —
M iles.
Chicago to East St. Louis, 111____280 Mexloo, Mo., to Cedar City, M o._ 50
Sherman, 111., to Grove, 111_______ 51 Roodhouse, Til., to Kan. C., M o ..251
Barnett to Titus............................... 56 Bloomington to Wann, via Jack
sonville, Godfrey and Upper
Coal City Line. Ill...........................27
Alton (all In Illinois)................. 158
Dwight, 111., to Washington and
Laoon, 111.................................. 81 Trackage to Peoria, 111., Ao--------- 37
lies to Murrayvllle, 111..................... 34 Leases Rutland Toluca A North. 27
Total owned and operated July 1 1916 (197 m. double tracked)------1,053
Also operates. Jointly with Clev. Cln. Ch. A St. L., from Wann to East
St. Louis, 18 m., and. with Atch. T. A S. Fe, from Joliet to Pequot, 20 m.
The stook of the Peoria Ry. Terminal Co. Is owned by the Chicago A Alton
and Chlo. R . I. A Pao. R y., which guarantee the first mtge. bonds ($1,500,
000 auth. issue) and 1st & ref. M . bonds. V. 81, p. 1099; V. 83. p.752.
1171. 1291; V. 84, p. 451; V. 85, p. 159. Ch. R. I. & Pac. receivers have
discontinued payment of that company’s share o f the guaranty.
The Rutland Toluca A Northern RH. is leased for 999 years and Its bonds
guaranteed prln. and Int. V. 91, p. 1024: V. 93, p. 408.
ORGANIZATION.— The (old) railway company was organized In April
1900 and purchased substantially all the stook of the Chlo. A Alton Railroad,
The two were consolidated In 1906 per plan V. 82, p. 451, the Railway
ohanglng Its name to the C. A A . Railroad. V. 82, p. 160; V. 70, p. 686. 995.
STOCK.—The cumulative 4% participating and prior lien stock Is enti
tled, In addition to prior right to accumulative dividends at the rate of 4%
per annum, to receive additional dividends equal to the rate of dividends
declared on the common stock of the consolidated company. In Aug. 1907
the Toledo St. Louis A Western purchased from the Rook Island the con
trolling Interest, viz., $14,420,000 com. and $6,480,000 pref. stock, and
deposited the same under its collateral trust bonds,on which Interest was
defaulted Aug. 11914. V. 88 ,p .4 6 8 ,520,792; V. 99, p. 341,408,1051,1216.
Union Pac. owned on June 30 1916 $10,343,100 pie,, stk. V. 84. p. 1484;
V. 96 p. 361.
DIVIDEN DS.—
’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12.
Since.
Common sto ck ......................................... 1
4
2
None
None
Preferred stock_____________ 2
4
4
4 4
2 None
None
Prior lien participating pref — 2 4
5
8 6
4
2
None
BONDS.— First lien (old Ry.)
3 Hs of
1900, V.
71. p. 1021: V. 82. p.451.
The Railroad (old) mtge. seouring the 3s of 1899 will provide funds for Im
provements and extensions. Bonds In exoess of $40,000,000 were to be
issuable thereunder on vote of two-thirds of stockholders for extensions of
not over 500 miles main track, at not exceeding $20,000 per mile, to fund
leased line rental obligations and for future betterments not to exoeed
$5,000,000. at not over $1,000,000 per annum, from Jan. 1 1900. V. 69.
p. 178. V. 69. p. 26. 129. 541; V. 70. p. 429. 739, 995; V. 79. p. 211. 967;
V. 84. p. 480. 507. 626. 803. 809; V. 88. p. 99. 293.
Of the Issue of $20,000,000 of 6% G en .M . gold bonds, $16,834,000 were
outstanding June 30 1916, $8,417,000 being owned by the Union Pacific
Railroad. Of the bonds, $4,100,000 were reserved to retire $3,766,500
equip, trust obligations and $1,425,000 to refund $1,284,000 debenture*
due Juno 1 1922. Bonds are redeemable on any Interest day at 105.
V. 94. p. 1565. 1695: V. 95, p. 749; V. 96, p. 789: V. 98. p. 838. 1315.
RESULTS.— 12 m o s .,/1917--Gross, $20,525,689; net (aft. $3,317,885
Jan. 1 to Dec. 31. \1916-.Gross, 17,781,279;
rents),
3.798,341
REPO RT.— Year ending June 30 1916, V. 103, p. 1503. Fiscal year now
ends Dec. 31. No report will be Issued for year ending June 30 1917.
V. 105, p. 1418, 1522. Special statement of earnings for year ending
June 30 1917 in V. 105, p. 1522.
„
1916-17.
1915-16.
1914-15.
1913-14.
Gross ea rn in g s............$19,340,163 $16,325,288 $14,245,624 $14,159,479
Operating expenses____ 13,628,152 11,601,794 11,072,707 12.307.744
R ichm ond
charge o f
R em ington, ____ .
Net earnings................. $5,712,011
D IR E C T O R S .— Frank Trum bull, Chairman; T . I\ S hoots, II. e . H un
Net Incom e...............
$5,826,261
Hire of equipment, & c._ 1,068,894
tington, O. E . Graham. Decatur A xtell, <^oorge W. Stevens, F. H . R aw son,
614,168
F . II. D avis, Jas. II. Dooley
N. Y . office. 71 B w a y . - V . 105, p. 817. Taxes, & c._..............
908, 1208, 1418, 1801, 1993, 2183; V. 105, p. 188, 601, 714.)
CHESAPEAKE & OHIO NORTHERN! R Y .— In Sept. 1917 opened
for traffic 30 4 miles o f railroad from EfgJngton K y., on O. & O. R y., with
hridtzn &c across ihs Ohio River to a connection with the Norfolk &
w K y . CO at Waverly. O. V 105, P. 388. 497. 1208. The bridge
has a total length of 3,4.35 ft. The Obes. & Ohio Ry. Co. agreed to acquire
for cash at par $3,000,000 of tho capital stock and such additional stock as
may be necessary to complete the bridge across the Ohio River and con
struct the road to Waverly. the total estimated cost o f which is $4,600,000.
The $1,000,000 bonds (V. 101. p. 1884) are guar., p. & 1., by’ the O. A O.
which seo above. Total stock auth. In Dec. 1917, $4,200,000. of which
$3,497,900 was owned b y C. & O. Ry. and pledged under its First Lien &
Impt. Mtge.— (V. 106, )>• 295.)
CHESAPEAKE & OHIO RY. OP INDIANA.— Owns Cincinnati, Ohio,
to Indiana-IlIinoLs Stato line, 260.7 miles; trackage rights, 23.7 m.; Total
Int. on bonds, &c...........
Dlvs. on guar, s to c k s ...
Discounts written off__
3,290,095
250,024
108,045
$4,723,494
$4,977,676
$828,121
576,354
3,384,807
250,024
109,948
$3,172,917
$3,270,154
8799,299
512,333
3,275,338
250,024
123,316
$1,951,735
$2,047,045
$761,179
568,938
3,114.189
250,024
115,005
Balance, sur. or def..sur.$495,035def .$171,578df$l ,690,156df$2,762,290
DIRECTORS.— Pres.. W . G. Blerd; Chairman Executive Committee.
R . S. Lovett; Sec.. James Steuart M acKlo1 J. J. Mitchell. Joy Morton,
Wtn. O. Beale Samuel Instill, Roberta Walker. Louis C. Krauthoff,
Julius Kruttschnltt and V. D. Skipwotth.— (V . 105. p. 605. 1418, 1522.)
CHICAGO BURLINGTON & QUINCY RR.— (See Afap.)— ROAD.— Op
erates a great system of roads extending from Chloago westerly, reaching St.
Paul and Minneapolis. Minn.; St. Louis and Kansas City. Mo.; Omaha. Neb.;
Denver, Col.; Cheyenne, W yo.; Black Hills, S. D., and Billings, Mont., viz;
Linos east of Missouri River__ 4.3911Lines leased---------------------------- 354
Lines west of Missouri Itivor
4,6281Total mUcs oper. Dec. 31 1016-9,374
R A IL W A Y STOCKS A N D BONDS
[V ol . iog
F e b ., 1918.)
RAILW AY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
(For abbreviations, A c., see notes on first page]
Chicago Burlington & Quincy— Stock_______________
Gen mtge $300,000,000 lawful money__ Ce.zo*Ar*
Illinois Dlv first mortgagel$85,000.000 currency (V. 83, p. 625: V. 69, p. 283)/ redeem at 105--NBz
Sinking fund Iowa Dlv 5s (coll trust) drawn at 105 z
Sinking fund Iowa dlv. 4s drawn at 100______zoAr
Sinking fund 4s (So W Dlv) drawn at 100____zo’ Ar
Denver Exten (colltr) bonds s f drawn at lOO.NBzo*
Nebraska Ext $20,000 p m(s f not drawn) .NB.zc* Ar
Rep Val 1st M guar (red at par) s f $14,000 yrly.zc
C hicago & Eastern Illinois— Com stock $15,000,000
Preferred stock 6 % non-cum ($15,000,000)_______
Danville A Grape Creek R R — 1st M assumed__ zo*
First mortgage exten sion..................................... xo*
Consolidated mortgage (for $5,948,000) gold.Ce.zo*
General Consol and 1st M $30,000,000--.Ce.zo*Ar
Ch & Ind CoalRy— 1st M $25,000 p m ass’d.Mp.zo*
Evansville Terre Haute A Chicago Income mortgage
Receivers’ certs $0,000,000, V 104, p 2640________
Refund A Imp M (text) g red at 102 H ..Ba.xo* Ar*
Purmoney 1st lien Coal bds $7,000,000 g-Ce.xc*A*
Evansv A T H 1st consolidated M gold_____F.xo*
Mount Vernon Branoh mortgage gold_____F.xo*
Sullivan Co Coal Branoh mortgage gold__ F.xo*
First General mtge for $7,000,000 gold__ F.xo*
Refunding mortgage $1,284,000 red par_____Nx
Evansville Belt Ry first mortgage gold__________ x
CAE l Eq bds Ser E due $125,000 s-a ext red par—
do Series F $220,000 s-a e x t _______ _____ Bax
do Series G due $124,000 s-a e x t _______ Bax
do Series II due $166,000 or$l65,000saoxt.x
a Payment of accumulated and current Interest resu
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
31
Last Uiviaena Places Where Interest and
and Maturity
Dividends are Payable
$100 $110839100 18 In ’ 17 Q - -M 25 See text
N Y, Boston A Chicago
8.490 1908 1 000 Ac 65,247,000
4
M
A S Mch 1 1958
New York and Boston
11,647 /1899
1.000AC 50,451,000
& J July 1 1949
3X J
do
do
11899
1.000 Ac 33,976.000
4
J A .1 July 1 1949
J
do
do
891 1879
1,000 1,642.000
A A O Oot l 1919
5
do
do
891 1879
1,000 4,474.000
A <5c O Oot 1 1919
4
do
do
_
_
_
_
_
1881
1,000
M <fe s Sept 1 1921
14,000
4
do
do
370 1881
100 Ao
664,400
4
F A A Feb 1 1922
do
do
1,471 1887 1.000 Ac 18.294,000
\r A N May 1 1927
4
do
do
90 1879
600
600 Ac
J A J July 1 1919
6
New York and Boston
—
________
100 7,204,400
_
_
_
_
_
_.
100 11,063,500
Apr 1 1913 1 M
9 1880
1.000
M <3c N May 1 1920a
97.000
6
N Y , Central Tr (text)
14 1881
1,000
91,000
J A D Deo 1 1931a
6
N Y , Mech & Metals Bk
191 1884
1.000 2,736,000
6 g A A O Oot 1 1934a
N Y , Cent Trust (text)
817 1887 1.000 Ao 21,343.000
6
M A N Nov 11937
May 1915 coup not paid
176 1885
A
1.000 4,626,000
J
5
J
Jan 1 1936
July
1914 coup not paid
—
1881
1,000
150,000
M A N May 1 1920a
6
Farmers' L & Tr, N Y
—
1916 1,000 Ac 6 .000,000
J A J July 1 1917
6
Eq Tr Co, N Y , see text
817 1905 1.000 Ac 18,019,000
4 g J & J July 1 1955
July 1914 coup not paid
—
1912 1,000 Ac 5,167.000
5g
Feb 1 1942
Feb 1915 coup not paid
144 1881
1,000 3.000.000
6 g J A ,T July 1 1921a
N Y. Bankers Tr (text)
25 1883
1,000
375,000
6 g A A O Apr 1 1923
April
1915 coup not paid
—
1890
1,000
450,000
5 g A A O Apr 1 1930
April 1915 coup not paid
199 1892
1,000 3,175,000
A
A O Apr 1 1942
5g
April
1915
coup not paid
—
1911
60 Ac 1,284,000
6
J A J July 1 1941
July 1915 coup not paid
4 1910
1,000
142,000
5 g M A N Nov 1 1940a
N Y , Columbia Tr (text)
—
1905
1,000
125.000
5 m F A A Aug ’ 18
See text
- -1906
1,000
440.000
5H g F A A Aug ’ 18-Feb '19 See text
—
1907
1,000
744,000
A
A O Apr ’ 18-Oot ’20 See text
5H
- -1912
1,000 2,648.000
M A S Mar'18-Sept '25 See text
bX
mod a s o f Oc t. 1 1916 under order of Court
dated Se pt 25 1916 and continued to Jan 1918.
-- -
CHICAGO BURLINGTON & OUINCY RR. (Concluded).—
In Deo. 1908 $23,657,500 of the $31,000,000 Colorado A Southern com
stook (practically a controlling Interest) was acquired, affording oonneo
tlons with tho Gulf of Mexico. V. 87. p. 1663; V. 88. p. 157, 685.
Owns jointly with the Nashville Chattanooga & St. Louis the Paducah &
Illinois RR. (which is building a doublo-track bridge over the Ohio River
at Metropolis, 111., and has built from Metropolis to Paducah, K y ., 14 m.)
and Jointly guarantees Its bonds. See that company below.
Tho Burlington-South Chicago Terminal Co. was Incorporated In Fob
1917 with $1,500,000 stock to build a line from 100th St. S.VV. to city limits.
ORGANIZATION, Ac.— A consolidation In July 1875; since merged
Chicago Burlington A Northern, Kansas City St. Joseph A Council Bluffs
Hannibal A St. Joseph, Burlington A Missouri, Ac., Ao.
In 1901 $107,613,500 of the $110,839,100 stook was exchanged for the
joint 20-year 4% bonds of the Gt. Northern and Northern Paolflo, secured
by tho deposit of the stook In trust, on the basis of $200 In bonds for $106
stock. See V. 72. p. 871: V. 73. p. 293, and bonds under Great Northern
D IVIDEN DS—
f ’98. ’99 to Sept. *01. ’ 02 to ’ 06. '07. ’0 8 /o D e c ’ 17
Regular % ..................\ b'A
6 yearly.
7 yearly. 7\i 8 yrly. (quar.j
------------------- ------------ 6
Sept. ’ 17 10%
Extra % ------------------ 1 - Extra dividends in Sept. 1917, 10%. V. 105, p. 715.
’
/o
BONDS.—General mortgage bonds ($300,000,000 auth. issue. Interest not
to exceed 5 % )are a I1rst lien on about 3,328 miles of road, and on retirement
of the outstanding underlying bonds, for which bonds arc reserved as below
noted, will be a first. lien on the entire mileage owned, aggregating 8 491
miles. V. 103, p. 493. Tho Generals have been issued or are issuable’ fV
86, p. 1342, 1406; V. 88, p. 504, 685: V. 92, p. 525; V. 96, p. 789), as follows:
To retire outstanding bonds (lnel. $17,428,300 In sink, tds.) . -M77,UOt) quo
Issuable for reimbursing the treasury for outlays already made
by It for betterments and additions ($22,000,000 sold)__ _ 45,000 000
Issuable for additions, Improvements and betterments of and
to the mortgaged property (of which $13,724,000 sold)
78 000 000
In Jan. 1909 $20,000,000 general 4s were sold, of whloh $13,724,000 were
used to purchase $23,657,000 Colorado A Southern com. stock. V 88 n
685; V. 92, p. 525; V. 96, p. 789; V. 98. p. 999, 1315.
’ 1’
In Aug. 1917 tho Illinois P. U. Commission authorized tho Issue of $25 455,000 additional Gen. Mtge. 4% bonds. Tho bonds cover additions
and betterments out of earnings and will be held in tho treasury for a favor
able market. V. 105, p. 605. Nono of these bonds had been issued to
Oct. 1 1917. V. 101, p. 47.
w
The Iowa Division bonds are a first mtge. on the mam line in Iowa from
Burlington to East Plattsmouth, on the Missouri River, 270 miles, anil on
621 miles of branches and 86 miles of second track. These bonds have a
Unking fund of 1
(5203.800) yearly, for which tlio 4s are subjeot to oall
at 100 and tho 5s at 105. The single main line and branches covered "shall
not exceed In the aggregate 900 miles." at $16,000 per mile; on second track
additional $14,000 per mile. V. 65, P. 462.
The Nebraska Extension bonds of 1887 are Issued at $20,000 per mile for
ilngle and $10,000 per mile for second track on not exceeding 1.500 miles
Now a direct first lien. Abstract of deed, V- 45. P 441: V. 85, p. 721.
Tho remaining ($162,400) Hurl. & M . RR. in N eb. consols, were paid
Jan. 1 1918. V. 105. p. 2542.
EARN ING S.— 11 mos., (1917-Gross, .$111,954,304; not (aft. $30,876,424
Jan. 1 to Nov. 30.
\1916-Gross,
99,441,789; rents), 35,075,588
REPORT.— Ann. meeting 1st AVed. in M ay. For 1916, V. 105,p.383, 396:
-Y ea rs ending Dec. 31— I ears ending June 301915.
1915.
1916.
1914.
$
$
S
$
Gross earnings______ .109,191,204 93.589,722 91,125,061 9b ,687,141
Net, after taxes___
. 39.098,988 29.175.934 26,578,028 26,445.631
1,301,867
Other incomo_______ . 2,991,317
1,224,070
1.294.358
Total incomo............... 42,090,301 30,480,802 27,802,098 27,739,989
7,077,552
Interest on funded debt. 6,960,493
7,118,898
6,981,650
1,731.357
------------Rents, A c------------------- 2,135,086
1,641,280
1.951,137
1,783.800
Sinking fund__________
1.753.007
1,864,287
1,692.795
Additions, A c . - _______ 8,864,596
3,340,669
3,340,669
5,715,875
Fund for taxes not d u
e .. 2,400,000
___
Misc. approp. of income 6,000,000
Dividends (8% )............. 8,867,128 __________
8,867,128
8,867,128
8,867,128
was surrendered. V. 102, p. 896; V. 104, p. 1387. 2235. C. A E. I. owns
$1,000,000 stock Chicago A Western Indiana.
On May 27 1913 receivers were appointed, there being a floating debt of
about $5,000,000; W. J. Jackson of Chicago Is now receiver. Theodoro C.
Ivoller was receiver of the coal properties of the Ch. A E. 111. RR Co —
seo below.
Foreclosure sale of C. A E. III. R R . set for Sept. 4 1917 has been post
poned until April 6 1918. V. 105. p. 1897; V. 106, p. 606. S e e terms o f
reorganization plan as rumored, V. 104, p. 2116: V. 105, p. 1103.
As to elimination of Ev. A Ind. R R . from system, see V. 105, p. 1418,
also separate statement below.
Receivers' Certificates.— The $6,000,000 due July 1 1917 continue to re
ceive 6% Interest till paid; V. 104. p. 2460. See table above and V. 99.
p. 47: V. 102, p. 2253.
DEFAULTS.— In June 1915, under order of Court, all Int. on equip, se
curities had been paid promptly and their principal extended for three years
but on all other bonds the interest due March 31 1915 and subsequently was
In default. On Oct. 1 1916 all coupons due and overdue on tho following
Issues were paid and subsequent Interest on the same i-sues has been regu
larly met to and incl. Jan. 1918 (as to other coupons still in default seo table
at head of page). (V. 104, p. 1387, 2225; V. 106, p. 85.)
Danvillo A Grape Creek 1st 6s,
ICh. A E. 111. First Consol. 6s.
Ev. T . II. A Ch Incomo 6s,
|Ev. A T. II. RR. First Consol. 6s.
Ch. A E. 111. First Extension 6s,
|Evansville Belt Ry. First 5s.
In Fob. 1916 foreclosure suits were pending under "Goneral Consol. A
1st M .," Ref. A Impt. M ., Cblc. A Ind. Coal M . and purchase money
(coal M . of 1912) and Ev. A T . II. Gen. Mtge. V. 99, p. 119; V. 100, d .
228,473.981. 1167. 1436; V. 101, p. 1627; V. 102. p. 1792.
P
Protective Committees for Bonds, Stock, A c .—
Committee for Ref. and Impt. and other Bonds, except Chic. A Ind. Coal
Evansv. A Ind. and Burch. Money 1st M . Coal Bonds, also Equipment
Obligations.—John W. Flatten (Chairmen), Calvert Brewer. Sec.- U. S
'lXuAt Co-- depositary. Majority of bonds deposited Including
over 65% o f Gen. Consol. A 1st 5s. V. 96, p. 1555; V. 98. p. 999- V. 99
p. 47; V. 100, p. 981. 1671, 2166: V. 101, p. 447, 1092. 1885; V. 104. p. 361.
Committee for General Consol. A 1st Morlna .e 5s.— Hetirv Evans (Chair
man) A. F. Halsted, Sec.. 62 Cedar s t.. N. Y . Guaranty Trust C o.,
depositary. V. 101. p. 447. 129, 1972.
Committee for St. L. A s . F. Trust Certifs. for Com. and Pref. Stocks and
C. A E. 1. Stock.— Alvin W. Krech (Chairman), Richard R. Hunter,
1 7 5 : 14^5*W i O ^ p . % 7*!el235.ary’ V ' 9G' P' 1028, 17° ° ; V ’ 97, P’
committee for Chic. A Ind. Coal 1st 5*.— James B. Mabon (Chairman).
Charles E. Sigler, Sec.; Central Trust C o., N. Y .. deposltarv. V . 98. p.
1992. Over 90% of bonds deposited. V. 99, p. 195, 269, 1299, 1596:
V. 100, p. 228: V. 101, p. 845. V. 102, p. .344; VT 104. p. 2552.
Committee for Purchase Money Coal Bonds.— George C. Van Tuyl Jr.
(Chairman). James F. McNamara, Sec.; Metropolitan Trust C o., N. Y .,
depositary; 75% deposited. The coal property was sold under foreclosure
to tho committee on Dec. 18 and 19 1917 for .$3,800,000. V. 105. p. 1617
2542; V. 100, p. 307, 641. In Nov. 1917 this issue received a payment of
20% ($200 per $1,000 bond) chiefly from coal earnings accumulated during
tho receivership. V. 105, p. 2093.
Committee for Evansville A T. IJ. 1st Qen. 5s.— Frederick J. Lisman (Chair
man); Secretary, Graham Adams, 30 Broad St.; Farmers’ Loan A Tr. Co
depositary. Majority deposited. V. 100. p. 1256. 1437, 1509: V. 101.p.47’.
STOCK.— In addition to outstanding stock. $6,403,300 common was on
Dec 31 1917 hold In trust by Equitable Trust Co. as a part o f
‘trust assets)" under agreement dated July l 1905, for improvements, acqui
sitions or refunding, and $1,127,700 w;is in troasury (mostly pledged).
V. 85, p. 1001; V. 92, p. 1374, 1435; V. 93, p. 229, 588, 1393.
BONDS, ETC.— General Consol, and First Mtge. of 1887 (trustee, Cent.
Trust Co. (Issue limited to 330^000,000), see V. 64. p. 1088;
“ ~ V.
” 78.
“ “ p.
» . id , 11. 1001; v . 8u, p. i/z s ; v . »4, p. loou; v •y<), p. 284.
See Refund, and Impt. gold 4s of 1905. V. 80. p. 1424: V. 81. p. 1436;
V. 88, p. 451; V. 90, p. 558; V. 92. p. 117; V. 93, p. 5S8: V. 94, p. 487. In
June 1017, of .$16,172,000 listed on N. Y. Stock Exchange, .$7,416,000 had
boon deposited with U. S. Mtge. A Tr. Co. (Flatten committee).
As to First Lien Coal bonds ($7,000,000 auth. Issue), see Committee
ab°16°17n2093 ° 4 ' P ' 629’ V ‘ ° 5, P' 1039, 1122’ 1393’ V ’ 10° ’ p ’ 307: V’ 105
Balance, surplus.........$4,998,715 $7,680,295 $5,081,115 $2,531,401
The receiver, under authority of U. S. District Court, on June 25 1915
DIRECTORS.— Halo Holden (Pros.), Geo. R. Harris (Chairman)
Thomas 8 . Howland, Robert J. Dunham, Frederick IT. Rawson and Samu- extended for 3 years the time of payment or the principal of tho respective
maturities
Series E. F, G and II of C. A E. 1. equip, certs., with Int al
uol O. Scotten, Chicago, 111.; Louis W. Hill, Jules M . Hanna ford. Italnh 5 M%; alsoofretired
with his 5 A % certificates duo July 11917 the S200 000
Budd and Geo. T. Slade, St. Paul, Minn.: Charles E. Perkins, Burlington
Iowa; O. M . Spencer, Chicago.— (V. 106, p. 394, 498, 601.)
’ equip, trusts of tho Ev. A T . H. See V. 101. p. 129, 288, 3C9. "
EARNINGS.— 11 mos.,(1917-Gross, $19,329,812; net (aft. .$1,212 133
CHICAGO & EASTERN ILLINOIS R R .— Operates road from Chicago.
Jan. 1 to Nov. 30.
\1916-Gross, 15.2,89,650; rents),
3,115i354
III., to Evansville, Ind.; also Chicago to St. Louis, leaving main line at
RE PO RT.— For calondar year 1916, In V. 104, p. 2225.
Woodland Junction; and lines to Thebes and Joppa, 111., reaching various
bituminous coal fields, with 215 miles of double track.
— Years ending Dec. 31------ Years ending June 30—
Lines Owned in Pee—.
Miles. Rossvlllo Jet. to Judyvlllo, Ind
14 _
,
1916.
1915.
1915.
1914.
*“ 7 Gross earnings...............$16,884,697 $14,871,495 $14,210,602 S15.633 625
Dolton to Danville, 111
)07 hunt’s Extension_________
Danville, 111., to Brazil, f n d 'I 'I 61 Evansville to Terre Hautel
109 Net, after taxes............... $2,979,601 $2,210,720 $1,967,224 $1,916,636
Momenoo Jot., III., to Brazil, In d .130 Branches to Mt. Vernon, Ac
RO Other incomo................. 1,246.587
650,910
583,360
1.119,330
a
Danville Jot., 111., to Thebes, 111-292 Evansville Belt----------------Joppa Jot. to Joppa, 111
16 Other__________________
0
Gross incomo............... $4,226,188 $2,861,630 $2,550 591 $3,035,966
Other Trackage, A c.—
Clssna Jot. to Clssna Park, ill"
11
Interest paid------------------$1,045,602 $1,042,418 SI,345 863 $3,26S,237
85 Rents, A c ,.....................
Rossvllle Jot. to SIdell Jet., Ill"" 34 Pana, 111., to East St. Louis
826,296
777,052
787 129
777,018
Percy Jet. to La Crosso, Ind____46 Chioago to Dolton, Ch. A W . fnd" 17 Accrued int. not paid___ 2,384,795 Not stated
2,262,096
516,603
Milford Jot.. 111., to Freeland. Ind 11 Otter Creek Jot. to Terre Haute * 4
Coal Bluff, Ind., to Casey. I n d .. 7 Other lines____________________”
Balance, sur. or def.sur.$169,494
........... df$l,844.497dfS1.525,892
Woodland. 111., to Villa G rove.„ 62
OFFICERS.— Pres., W. J. Jackson, Chicago; V .-P., Alvin W. Krech
Findley, 111., to P ana-.
20
Total Dec 31 1917....................lTlSH N. Y .; Sec. A And., H. J. Cronin, Chicago; Treas., J. P. Reeves, Chicago.
Branches to Coal Mines
9 2d track_______________________ ___ — (V. 105, p. 1897, 2093, 2542; Y. 106, p. 85, 606.)
^mcago.
Also leases to other companies Rockville extension, 17 miles"
& ERIE RR.— (See Map Erie RR.)— Owns from Marlon, O
HISTORY, Ac.— In 1902 tho St. Louis A San Francisco acquired the to CHICAGO
Tnd,, 249 miles, and leases trackage over Chicago A West Ind'
greater part o f tho stock, but In the reorganization of 1916 tho stock owned to Hammond,
Chicago. 20 miles. Erie R R . Co. owns entire $100,000 stook.
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RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, A c,, see notes on first page)
Miles Date
Road Bonds
Par
Value
249 1890
Chicago & Erie— 1st M g int guar till prln patd-Ce.zo»
$1,000
249 1890 1,000 &o
Income bonds for $10,000,000 5% nou-oum____Nz
Chicago & Atlantic terminal 1st M gold__________ z
1888
Chicago & Grand Trunk— See Grand Trunk West Ry
Chicago Great Western— Common stock $40,000,000 1496
100
Pref (prln. & div) 4% cum red $50,000,000 auth. 1496
100
First mortgage gold $75,000,000-..........G,xo*&r*
1035 1909 ? . £ & tr.
Minneapolis Terminal mortgage gold assumed____z
1.000
— 1900
Mason City Sc Fort Dodge— See that company
Chicago & Great Western—See Balt & O Chicago Ter RR
Chicago Hammond & Western— See Indiana Harbor Belt R R
__ 1911
Chic tigts Term Transf— 1st M $l,000,000gred 105 sfx
100 Ac
C hicago & 111 M idland— 1st M $3,000,000 g o ld .-.x
20 1913
1,000
Chicago & III W— Gen(new lst)M g gu red par-CC.xo*
1.000
— - 1907
Chicago & Indiana Coal—See Chicago Sc Eastern 111
C hic Ind & So— See New York Central R R .
Chicago Indianapolis & Louisville— Common S took..
100
__
Prcterred 4% non-oumulatlve $5,000,000 .......-----100
509 1897
Refunding (now 1st) M ($4,700,000 are 6 s ) — Cex
1.000
609 1910
do $15,000,000 gold\8orles O.....................— a
1.000
60 1900
Indlanap & Loulsv 1st M closed (assumed)--G.xo*
1.000
618 1910
First & Gon M $40,000,000 gold Ser A ..yg.e*& r*
500 &c
__ 1911
Monon Coal Co 1st M g lnt gu s f red 110— Baxo*
1,000
__ 1911
Equip bonds Ser A g due part semi-annually------- x
1.000
__ 1911
do
do Ser B due $37,000 or $38,000 s-a .-x
1.000
— 1913
do
do Ser O due $50,000 s-a---------- Ba.xc
1.000
Chicago Indianapolis & St Louis Short Line—See Cle veland Clnoln natl Ohio
__ 1905
Chicago Junction RR— 1st M $2,327,000 g red 105-xo*
1.000
Chicago Lake Shore & East— 1st M g gu red test.-xo*
1909
1.000
52 1910
Chic Mem & G u lf— 1st M g red 105— Ba.xc*&r
1.000
.
Equip notes duo $0,000 yearly__________________ x
1911
Amount
Outstanding
Rais
%
$12,000,000
a 10,000.000
300.000
5g
a
sg
When
Payable
6g
6g
6g
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
M
&
J
&
N May 1 1982
Oct 1 1982
J July 1 1918
&
S»
Apr 2 19l7 1% J P Morgan Sc Oo, N Y
S Sept 1 1959
do
do
J Jan l 1950
Bank of Montreal. N Y
Sc
Sc
St
,TJan 1 1931
1) Dec 1 1938
J July 1 1947
45,210,513
43,920,602 See text
M
25,383,000
4g
500.000
3 44 g J
562.500
2.500,000
820.000
33
J
J
J
Erie Railroad, New York
Erie Railroad, New York
Northern Trust Co, Ohio
Con & ComTr&SavBk.Ch
10,500,000
J & D Dec 29 '17 1*4
P Morgan & Co. N Y
5.000,000 4 in 1916 J Sc n Dec 29 '17 2%
do
do
9,700,000 5 & 6 g J Sc j July 1 1947
do
do
Sc
j July 1 1947
do
5,300.000
4g J
do
b l , 172,000
4 g J Sc j Jaa 1 1956
Guaranty Trust Co. N Y
M Sc N May 1 1906
3,250.000
5g
2.875.000
5 g J Sc I) June 1 1936
4M g M Sc S To Mch 15 1921 Equitable Trust Co, N Y
152,000
300.000
444 A *0 1 5 Apr.'18-Oct '21 Bankers Trust Co, N Y
do
do
550.000
444 F Sc A Aug.'18-Aug '23
ago & St Lo uls
2,327,000
4 g M Sc S Mch 11945
9.000.000
444 g J Sc n June 1 1969
735.000
5 g J Sc J Jan 1 1940
5
To July 1 1921
24,000
a M ostly owned by Erie R R Co
b Additional $478,000 pledged under First Sc Gen. M , of 1910.
BONDS.— The First Mortgage (trustees, Central Trust Co. and Edward
Lines owned—
Miles.
Oper. underTrackage contract— Mile*
Daniels) covers 249 miles of road, the contract with the Chicago & Western Indiana State Line to Indian
Chicago to Indiana State L in e .. 20
Indiana, $1,000,000 of that company's stock and $240,000 stook ol Chicago
apolis
________
162 New Albany to Louisville_______ 7
Belt R y. See abstracts, V. 51, p. 911: V. 61. p. 750.
New Albany to Mlohlgan City__ 289 Connection to Indianapolis______ 2
EARN ING S.— 11 m os.,/1917--Gross, $8,094,065; Net(aft.loss$709,128 Bedford to Swltz City..................... 40 Swltz City to west of Victoria____10
1
Jan. 1 to Nov. 30.
U916--Gross, 7,706,899; rents) prof. 867,820 Orleans to French Lick Springs.. 18 M iscellaneous________________
For yoar ending Dec. 311910, gross, $8,335,152; net, after taxes, $2,826, Clear Creek to Harrodsb'g, I n d .. 9 Less— Track north of Dunwiddie,
Ind., not operated____________ (4)
983; other Income, $186,525: Int., taxes, &c.. $2,800,638; investment In Wallace Jet. to Shirley Hill & br. 64
McCoysburg to Dinwiddle______36
physical property, $86,201; bal.. surp., $126,669.— (V. 61, p. 559.)
The
stockb
-----„vv.w^.olders
voted Sept. 20 1916 to purchase three sub. cos., viz.,
CHICAGO GREAT WESTERN RR.— Forms the "Corn Belt” route, Indianapolis Sc Louisville R y., Indiana Stone R R . and Chicago & Wabash
radiating from Oelweln, Iowa, northerly to St. Paul, easterly to Chicago Valley Ry. V. 103, p. 320; V. 105, p. 1305. Purchase consummated
and southerly and westerly to Kansas City and Omaha.
Dec. 31 1910.
Lines owned (total, 757 miles). Miles.
Operated under agreement.
Miles.
A lease for 999 years with Chloago Sc Western Indiana (of whose stook this
Chicago to St. Paul_____________400 Mason CySc Ft.Dodge,383 m.,vlz •
company owns $1,000,000) gives entrance to Chloago on a mileage basis.
Oelweln to St. Joseph__________ 290
Oelweln, la ., to Coun'l BI'lls 260
Owns one-third interest In Ky. & Ind. Terminal R R . at Louisville, K y .
Bee Creek to B ev erly ____________23
Hayfleld,M!nn.,to Clarlon.Ia. 100
HISTORY.— Successor July 1 1897 of Louisville New Albany & Chloago;
ir
Sumner to Waverly--------------------- 22 Branches to Lehigh. &c.____
Trackage—
"
° foreclosed per plan in V. 63, p. 922. Suit settled, V. 75, p. 1031.
Mantorvllle, &c., branches--------- 21
Aug. 1902 the Louisville <fc Nashville and Southern Ry. acquired 93%
Leavenworth to Kansas City------ 1 Council Bluffs to So. Omaha
8 of In
$10,500,000 com. and 77% of $5,000,000 pref. stook, on the basis of $78
Trackage (total, 78 miles)—
Wls.Minn.&Pao.RR.,277 miles’
and $90 per $100 share, respectively. In their Joint 60-year 4% collateral trust
St. Paul to Minneapolis_________ 11
Mankato to Red Wing. Minn.
96 gold
at par. secured by the stock acquired. See description of bonds
Chicago Terminals---------------------- 10
Red Wing to Osage, la ......... 118 underbonds
Louisville & Nashville. V. 74, p. 1088. 1138; V. 75. p. 28.
Galena Jot., 111., to Dubuque, la . 14
Winona to Simpson, Minn
54
DIVS. since 1902— \ ’04. '05. '06. ’07. ’08. '09 to '13. '14-15. '16. ’ 17.
Des Moines Terminals-..........—
3
Branoh to Clay Banks. MirinI
3
3
3
3 344 yly.
0
444 344
Leavenworth to Kansas City------- 26
0 On common.................% / 244 3
Goodhue to Belle Chester.__
Common dividends, 344%. paid June 29, and 1*4% In Dec. 1916, June
St. Joseph, Mo., to Beo Creek__ 9
Other trackage----------------------------- 5
Total mileage Dec 31 1910..1,496 and Doc. 1917. V. 103, p. 2155: V. 102, p. 2253.
BONDS.— Refunding Mortgage (closed $15,000,000), see V . 90, p . 1613.
The entire oapltal stocks of the Mason City & Fort Dodge R R . Co and
tho Wisconsin Minnesota & Paolflo R R . Co. are owned and their roads oper V. 91. p. 518, 1095: V. 92. p. 1031, 1700; V. 93. p. 44: V. 94, p. 1118.
ated under agreement. See those companies. In 1910 acquired entire Car trusts outstanding Feb. 28 1918, $1,002,000. as against equipment
stock of Leavenworth (Kan.) Term. Ry. & Bridge Co
V. 01, p. 214, 397. having a depreciated value of $7,438,000. Monon Realty Co. notes.
Holders o f all except $11,000 o f tho $6,232,000 Wisconsin Minnesota Sc $21,305.
First Sc Gen. M . o f 1916 is limited to $40,000,000; $3,250,000 was sold
Pacific bonds accepted In exchange por $1,000 bond $500 each In O. G. W.
1st M . 4s and $500 in pref. stock. V. 97, p. 49, 523, 728, 1203, 1217; n May 1916 (V. 102, p. 1810; V. 104, p. 1044); remainder hold as follows:
V. 99, p. 673.
' Purposes for which $40,000,000 First & Gen. M . Bonds of 1916 are Issuable.
ORGANIZATION.— Incorp. In Illinois Aug. 20 1909 as successor per plan $3,250,000 sold and $1,280,000 In tho treasury June 30 1917__ $4,530,000
Reserved—To refund Ref. M. bonds due July 1 1947__________ 15,000,000
V. 88, p. 1497, o f railway acquired at Judicial sale. V. 89. p. 528, 592.
To exchange for outstanding Ind. Sc Loulsv. Ry 1st M . bonds 1,172,000
STOCK.— Tho pref, stook ($50,000,000 auth. Issue) was entitled to
T o refund 60% of equipment bonds (40% from income)_____
826,800
non-oum. dlvs. at 4% per ann. to June 30 1914 and to cum. dlvs. thereafter
For acquisitions, Improvements, &c., under restrictions_____18,471,200
at that rate ahead of tho oom. stock, and also to a preference as to prlnolpal * The
First
S
c
General
Mtge.
covers
the
entire
property,
being.
In
March
and accrued dividends In case o f dissolution or liquidation. The voting 1917 (compare V. 102, p. 1810):
trust expired by limitation on Sept. 1 1914. V. 99, p. 400. 1450.
(1)
A
Direct
Lien
on
all
Road
owned,
viz.:
A
1st
Mtge.
on
45
miles,
a
2d
D IV ID E N D S — Prof, stock, No. 1. Dec. 1 1915, 1% ; M ay 1 and Oct. 2 mtge. on 509 miles, and a 3d mtge. on 64 miles. Prior liens (closed)
1910, 1% ; Apr. 1917, 1% . V. 104. p. 882.
*
u
W z only $16,172,000.
BONDS.— ’V. 89. p. 1482; V. 90. p. 53; V. 100. p. 555. 1078; V. 103. p.
(2) A Direct Second Mortgage, subject only to the closed Refunding mtge.,
the leasehold Interests in terminal facilities In Chicago, Louisville
In*Nov. 1910 application was made to tho Illinois P. U. Commission for (a) on
Indianapolis and In Kentucky Sc Indiana Bridge. (6) on 10,000 shares
authority to lssuo $2,515,000 1st M . 50-year 4% bonds, which, It Is under oand
f
capital
stock of Chicago & Western Indiana R R . and 2,400 shares of
stood, would Increase the amount outstanding to about $27,989,000, capital stock
of Bolt Ry. Co. o f Chicago, (c) On all the rolling stock and
but none Issued to public to Oct. 1 1917. (V. 103, p. 1980).
equipment, valued at over $7,438,000. while equipment trust bonds out
EARNS.— 11 Mas. Gross.
^ ‘. - 0
L)eductns. (Net). Surplus. standing amount to $ 1,002,000.
T o Nov 30 19l7.$14,991,897
$3,487,578
$2,358,157
$1,129,421
Indianapolis & Louisville bonds, entire Issue of $1,650,000 assumed
To Nov 30 1916. 14,674,695
4,482,607
-2,348,287
2.134,220
Dec. 31 1916, of which $478,000 are held In the treasury along with $253,000
Ind.
Stone R R . (assumed) 1st M . 5s. V. 105. p. 1305; V. 82, p. 508; V. 83,
RE PO RT,— Roport for calendar year 1916, In V. 104, p. 2224.
p. 1290; V. 102. p. 1810. Also guarantees lnt. on $2,875,000 Monon Coal
Year end. Dec. 31—
1916.
1915.
1914*.
1913.
Operating rovonuo........ $16,131,692 $14,119,321 $14,152,865 $14,347,163 s. f. 1st M . 5s duo Juno 1 1936, redeemable at 110 ($3,000,000 authorized
Operating Income.......... 4,292.013
3,092,648
2.887,688
3,048,594 issue). V. 93, p. 44, 697.
EARNINGS.— 11 m os.,fl917--G ross, $8,411,663; Net(aft. $1,647,404
Deducs. (Con.)— 1918.
1915.
1910.
1915.
Jan. 1 to Nov. 30.
\1910--Gross, 7,496,960; rents)
1,778,621
$
$
Oper. Income (as
ANNUAL REPO RT.— In V. 105, p. 1305, showed for 1916-17:
HIreof pqulpm’ t 1.874.496 1,714,680
a b o v o )...........4,292,013 3,092,646 Rents (loasod rds.)480,000 480,000
June 30 Years—
1916-17.
1915-16.
1914-15.1913-14.
Hire equip., & c. 1,431,874 1,145,632 D ividends------(2)877.358(1)438.679
Gross earnings................. $8,724,582 $7,694,734 $6,559,665 $8,944,005
Not (after taxes. S ec.).. $2,543,008 $2,217,285 $1,562,633 $1,426,286
Gross Income-5,723,887 4,238,279
Dlvs., & c.f received____
238,879
338,272
232,181
206,543
Int. charges------1,034.022 1,034.122
Bal., surplus. 1.458,011
570,819
Total net Income____$2,781,887
$2,555,657 $1,794,814 $1,632,829
Interest on bonds______ $1,005,031
$954,368
$935,198
$855,926
624.290
Rentals, &c...................709,105
619,843
631,106
Boulevard, Chicago, III.
Surplus for dividends. $1,152,566
$892,083
$239,773
$145,798
D IR E O T O R S.-Sam uel M . Felton, John A. Spoor, A. A. Sprague 2d.
on prof. (4 % ).
199,652
199,752
199,752
199,752
Clyde M . Carr, Chas. II. Thorne and E. A. Cudahy, Chicago; Charles Dividend
______ (1>4)170,568
Steele, E . N. Hurley, New York: E. F. Swinney Kansas City; John Wash Dividend on co m m o n ..(3>4)341.146(3 >4)341.129
OFFICERS.—
Pres.,
H.
R
.
Kurrte.
Chicago;
V
.-P
.,
Morton
F.
Plant,
burn. Minneapolis; G. W. Wattles. Omaha; E. O. Finkblne, Des Moines;
N. Y .; V .-P ., Fred. Zimmerman. Chicago; Treas., Byron Cassell, 608 So.
Milton Tootle Jr., St. Josoph.— (V. 105, p. 72, 908, 1897, 1998; V. 106
Dearborn St.. Chicago; Sec., J. A. Hilton, 52 Broadway. N . Y .— (V. 104,
p. 709).
p. 1044, 1387, 1488; V. 105, p. 1208, 1305; V. 106, p. 394.)
CHICAGO & ILLINOIS MIDLAND R Y .— Owns Corapro, 111., to
CHICAGO JUNCTION R R .—Owns 3.61 miles of elevated track, con
Tayloryllle, 28.4 miles. Stock auth.. $2,000,000; outstanding, $1,000 000 necting South Side Elevated RR. with the stock yards. Leased to that
(par o f shares $100}, all owned by Commonwealth Edison Co. Bonds but, company for 50 years (with right to purchase at cost within 20 years) at a
rental covering bond interest and all expenses. Capital stock, $50,000.
Bonds are guaranteed, prln. and lnt., by Chicago Junction Rys. Sc Union
Stock Yards Co.; they are subject to call at 105 after 1910. Form of
-(V . 93, p. 1599.)
guaranty, V. 82, p. 568. For 11 months ended Dec. 31 1917, gross $2.
C H IC A aO & ILLINOIS WESTERN R R .— Projected Willow Springs 645,278, against $2,090,324 for corresponding period In 1916; net, after
southwesterly to Joliot, Illinois, with branchos, a total o f 54 miles. of rents, $176,380, against $358,266.— (V. 85. p. <92; V. 87. p. 346).
CHICAGO JUNCTION R Y .— Owns Inner line within the Chicago
which
S operation. Willow Springs to Uawthorno. V. 83, p. 491.
Stock. $1,000,0(K): par, $100. V. 97. p. 1114, 1350. Of tho Gen. 6s of Union 8tock Yards district, 11.81 m.; side and industrial tracks, 118.58 m.
In 1907 New York Central Interests acquired the outer belt line, assuming
1907 ($4,000,000 auth. Issue), $965,000 were outstanding in Jan. 1917
the $2,600,000 outstanding bonds. V. 85. p. 159, 792.
CHICAGO JUNC. RYS. & UN. STK. Y ARDS.— See “ Industrials.”
CHICAQO KALAMAZOO & SAOINAW R Y .— See Mich. Central.
CHICAGO LAKE SHORE & EASTERN RY.— Embraces 485 miles o f
CHICAGO INDIANAPOLIS & LOUISVILLE RY.— Operates the track, connecting the various works of the Illinois Steel Co. and Indiana
"Monon Route” from Chicago, 111,, via Monon. Ind., to Indianapolis. Ind.; Steel Co. at Chicago. Joliet. Milwaukee and Gary with diverging trunk lines,
and Louisville, K y „ with branohes. Total June 30 1917, 054 miles, viz,:
and also with steamship lines, stone quarries, Industrial establishments.
<$t. Hilaire
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UNION PACIFIC CONNECTION
TO PACIFIC COAST
Cilillicothe'
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P A C I F I C
l~r> l>uru\'l
TACOMA SPOKANE 0|
LG
u
Anacondar\_i
R A IL W A Y STOCKS A N D BONDS
Brown’s Vallej^.
F
e b .,
193 3
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page. ]
C hicago Milwaukee & St Paul—Com stook (see test)
Preferred stock 7% yearly not cum $116,274,900-Lacrosso A Daven Dlv 1st M (free of State taxos)F.c*
Wise Val Dlv 1st M sink fund not clrawn.NB.zo*
Dub Dlv 1st M sinking fund not drawn.NB.zo*
Chic A Pao Western Dlv 1st M (see test) gold.E.zo*
Chicago A I.ake Superior Dlv 1st M gold__ F-zo*
Wise A Minn Dlv 1st M g --------------------------------- Fz
Fargo A Southern first mtgc gold assumed_______z
Chicago & MIssourl'Rlver Dlv (lrst mortgage.F.zo*
Gen M (for *150,000,000) gold Series A .U s.xo'A r
do
do
Series A registered_____ x
do
do
Series B_____________ so*
do
do
Series B registered-------- x
do
do
Series O gold_______ xc*
do
do
Series O registered------- 1
Mllw & Nor 1st M No Milw to Gr Bay ext 1913-XO*
Consol mtgo extended 1913 (V 96. p 1364)-.zc*
xDeb $50,000,000 g ______[ All secured f..F,xc*A r*
Deb 250.000,000 francs
[by the G e n ./____Usm.x
xGold ($)l>ds.call at par all I
and
I
USmxc*
Convert dobs test g______ [Ref. Mtgo. (_Us.xc*Ar*
Ch Mil A Puget Sound 1st M (text) a ss.. Usxc* Ar»
General and Refunding M , Series A ---------Qc*Ar*
do
do
convert series B (see text)— c*&r*
C hicago A N W— Com stook 3177,539 880 auth__.Tr
Preferred stook (not cumulative) see test------------ I r
Mllw Lake Shore A W oona \t (now 1st) gotd-Co.zo*
Michigan Olv 1st M (for 33.000,000) gold._Ce.zo*
Ashland Division first mortgage gold------- Cc.zo*
Ext A Imp M for $5,000,000 g s f uot drawn Ce.zo*
Marsh Ext 1st M 8600,000 ($15,090 p ra) .Un.zo*
Sink fund bds of 7 9 ($15,000 p m) red 105.F.vcAr
Sinking fund debentures 1933___________Un.zc*Ar
30-year debentures________________________U n.zc*Ar
Extension 4s 320.000.000 ($20,000 pm J.U n.zcA r
b Also in treas Dec. 31 '17, $107,259,200: d to k.soo
x Secured by pledge of French loan debentures, whle
Miles Dato
llo ni Ronds
188
161
347
1,117
179
196
1 17
78
6,344
6,344
6.344
6,314
6,344
6,344
118
413
9,802
9.802
9,802
9.802
2.333
9.802
9,802
7.9 It.
7,916
413
82
40
693
40
1,641
__
__
—
next p
h In tu
1S79
1880
1880
1881
1881
1881
1833
1885
1889
1889
1889
1889
1889
1889
1913
1913
1909
1910
1916
1912
1909
1914
1915
___
1881
1884
1885
1889
1892
1879
188.3
t891
1886
ago
rn are
Par
Value
$100 117,406.000
100 115,845,800
1,000 2,496.000
1.000 1,478,000
1,000 4,261.000
1.000 25,334.000
1,000 1,360,000
1.000 4,755,000
1.000 1,248,000
1,000 3.083.000
1,0001 48.241.000
1,000/
1,0001 8,950,000
1.000/
1,000 142,597,000
1,000
1.000 2.117.000
1,000 5,072.000
1.000 Ac 33,286.000
500 fr Ac 13.077,000
1.000 Ac 35,103 000
100 Ac 49,980.800
100 Ac 26.175.000
100 Ac b43.089.000
100 Ac 29,129.830
100 145,152,500
100 22.395.120
1.000 5.000,000
1,000 1.281,000
1,000 1.000.000
1,000 4.019,000
1,000
400,000
1,000 Ac 10 569,000
1.000 Ao 9.171,000
1,000 Ac 10,000,000
1,000 Ac 18,632.000
In’ l9i2 acquired Bellingham Bay A British Col. (now Boll. A Nor. R y.).
Bellingham. Wash., to Glacier, B. O., 44 miles, with branches, u miles.
V. 94, p. 767. Also owns all stock of Tacoma Eastern R R .. Tacoma
to Morton, A c ., 93 m. V. 91. p, 651, Those are operated Independently.
CAPITAL STOCK.—Tho pref. stook has a prior right oyer the com. stock
to a dividend of not over 7% from net earnings In each year, but If not
earned It has no cumulative right. After 7% on corn., both share pro rata.
DIVS.
1 '95. '98. '97- 00. 01. ’02-’ l l . ’ 12-'14. ' 15-76. 77 .
O n oo m m o n ...........% )
2
4 5 y ly
6 , I ry *y.,05
5
44
In March 1917, 2 4 % : Sept., 2% . See V. 105, p. 388, 2455.
Tho directors on Jan. 31 1918 postponed action as to March 1 dividends
on both classes of stock, awaiting, it is understood, more complete infor
mation as to tho effect of Government control. I ho results o f tho year’s
operations show that tlio preferred dividend was barely earned. Seo
V . 106. p. 498.
„ . ..
.
BONDS.— The 99-year General and Refunding Mortgago of 1913 is an
open mortgago and not limited to any specified amount, but the bonds at
any time outstanding are limited to three times the outstanding stock, now
amounting to $233,686,200. When the amount o f bonds Issued thereunder
(bearing Interest not In excess of 6%) reaches $696,000,000, further Issues
must bo limited to 75% of the cost of property placed under the mortgago.
The mortgage Is secured by a direct lien on all the properties. Including
about 9,747 miles directly owned, 110 miles Jointly owned, terminal proper
ties In Chicago, Milwaukee, Seattle. Tacoma. Spokane A other cities, and
the entire equipment, subject to $179,673,000 prior liensi (S18,331 p. m .),
to retlro which an equal amount of bonds Is,reserved, $132,007,200 being
also reserved to retlro debentures and convertible bonds, which are equally
secured thereunder. Nono of tho prior Hens may be extended and no further
amounts Issued except gen. M . for refunding purposes, so that eventu
ally the Gen. and Rer. bonds will become an absolute first lien. Further
bonds may be Issued for Improvements, betterments, acquisitions, construc
tion, equipment, Ac. Of the bonds, $154,489,500 have beon Issued In ex
change for Chic. Milw. A Puget Sound 1st 4s (loavlng only $26,175,000 of
tho latter outstanding). In Aug. 1917 the treasury held available $107,
259,200 of tho now bonds Issued for said exchange and against Impts., Ac.
A block o f $25,000,000 was sold In Feb. 1917. V . 104. p. 451; 1701. 2640;
V. 100, p. 307: V. 97, p. 1662, 1583; V. 98. p. 73, 303. 386, 1244, 1315
1766; V*. 99. p. 1450.
,
In Jan. 1915 $29,089,700 Gen. A Ref. M . bonds, having been underwrit
ten, wero offered to stockholders at par. This block or bonds Is converti
ble Into common stock at par for 10 years beginning I'eb. 1916. V. 100.
p. 139, 228. 307, 811. 900, 981; V. 101. p. 287.
Abstracts older mortgages. V. 45. p, 114. 144, 212; V. 48, p. 830.
The (General mortgage of 1889 (see abstract In V . 48, p. 830; V. 98, p. 1088,
1156; V. 97, p. 175, 520; V. 98, !>• 388; covers the entlro railway property
and franchises o f tho company (therein described), subject In Apr. 1917 to
49.453.000 prior Hons which aro paid as they maturo. V. 89, p. 1279.
541, 1596. 1667; V. 103, p. 1114. „ tnnn
Tho $33,280,000 4% 25-year dobs, of 1909 are secured by newGen. and
Ref. rntge. V. 88. p. 1559; V. 89. p. 1223. 1346.
In May 1910 sold to a group of French banks 250.000.000 francs 15-year
4% debentures, equally sec. by General and Rof. Mtge. V. 90, p. 1424,
1489. 1554; V. 91, p. 38, 1710; V. 98, p. 303. Dollar bonds wore Issued In
Rate
%
When
Payable
Last Oividena Places Where Interest and
and Maturity
Dividends are Payable
4 4 in '17 M A S Sept 1 '17. 2
M A S Sept 1 '17. 3 4
7
J A J July 1 1919
5
6
J A J July 1 1920
.1 A J July l 1920
6
5 g J A J Jan 1 1921
5 g J A J July l 1921
5 g J A J July 1 1921
J A J Jan 1 1924
6g
J A J July 1 1926
5
/
4 % J A J May 1 1989
May 1 1989
l 4g
Q -J
) 3)4 B J A J May 1 1989
May 1 1989
j
3 4 g Q -J
/
4 4 g J A J May 1 1989
May 1 1989
l 4.4 g Q—
44
J A D June 1 1934
J A D June 1 1934
44
4 £ J A J July 1 1934
J a n June 1 1925
/
*
1 4 g J A D June 1 1925
4 4 g J A D June 1 1932
J A J Jau l 1949
4
4.4 K A A O Jan 1 2014
F A A Jan l 2014
5g
7 In 1917 Q— J Jan 2 1918 1 4
8 In 1917 Q—J Jan 2 1918 2%
6 g M A N May l 1921
6 g J A J July l 1924
6 g M A S Mch l 1925
F A A Feb 1 1929
5g
A A O Oot 1 1922
5
5 A 6 A A O Oot 1 1929
M A N May 1 1933
5
A 15 A O Apr 15 1921
5
F 15 A A Aug 15 1926
4
N Y Office 42 Broadway
do
do
do
do
def
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
PC
do
do
do
do
do
do
Parts and London
N Y office 42 Broadway
do
dO
do
do
do
do
do
do
Co's office 111 B’way.NY
do
do
do
do
do
do
do
do
do
do
do
do
do
do
dO
do
do
do
do
do *
secured by the Gen . A Rof. Mtge.
&c.: also reaches the coal fields of III. and Ind., and Joliet, 111. Stock,
Sir
*9.000,000.
all owned
Illinois Steel Co., and so by
S
....... .................
. „by the
___________
. the U. 8
3.. Steel
Corp., which, with Elgin Joliet & Eastern guar, tho bonds, prln. and int.,
by endorsement. The last named leases tho road for 60 years from Juno 1
1909, rontal covering all charges and divs. on stock, dependent on earnings.
Seo V. 90, p. 108. Divs. paid In 1910, 5% : in 1911, 5% and 2% extra: In
year 1912-13. 10%; 1913-14,7%; 1914-15,15%; 1915-16,10%; 1916,10%;
1917, (?) %.
Bonds are redeemable In whole or In part from Deo. 1 1919 at 110 and Int .
they are limited to $20,000,000 and further Issues of bonds beyond the
*9,000.000 now outstanding can be made only for 50% of cost of property.
V. 88, p. 1372; V. 89, p. 224, 1410.— (V. 91, p. 1446; V. 103, p. 1301.)
CH ICAGO MEMPHIS & GULF R R .— Owns Dyersburg. Tenn., to
Hickman, ICy., 52 miles. Stock, common, $520,000; 6 % cum. pref..
*150,000. all acquired In Feb. 1913 by Illinois Central RR. V. 96, p. 716.
A dividend of 8 % was paid from the earnings of 1910-11 and credited
towards payment of pref. stock. Divs. on pref., 1 4 % Oct. 1 1911:
1912.6% (Q--J-); 1913, Jan., 1 4 % . None since to Feb. 15 1917.
Bonds ($10,000,000 auth.) outstanding Juno 30 1916, $735,000; reserved
for terminals, Ao., $l,75O,O0O, and remaining $7,515,000 at rot to exceed
85% of cost of new construction, nor over $201000 per raHe main line. V. qo
P
net
charges
not
CHICAGO MILWAUKEE & OA R Y R Y .— Seo page 212.
CHICAGO MILW. & PUGET SOUND R Y .— See Chic. M . & St. P. Ry.
CHICAGO MILWAUKEE & ST. PAUL R Y .— (Sec M a p .) — Operates
from Chicago westerly to Seattle and Tacoma, wash., with numerous hrs.:
Road—
Miles. I Road—
Miles
Lines owned Doc. 31 1916 (of
2d, 3d & 4th tracks
.............1,082
which 110 m. owned Jointly).9,8571Trackago(incl.2d JA 3d tracks). 430
In 1916-17 built from Great Falls to Agawam M ont., 70 miles, and
Grass Rango to Wlnnett, 23 miles. Partly built, Blackfoot June, to Clear
water, 22 miles. The electrification of 440 miles of the I uget Sound main
lino, contracted for in Jan. 1913, was completed in Feb. 1917, and having
proved very successful, is being extended over tho Cascado Mtns. v . 104,
p. 451, 1489, 2116. Seo V. 96, p. 135: V. 97, p. 1821; V. 101, p. 845
1369, 1972; V. 102, p. 436; V. 103, p. I087: V..105, p 1998.
HISTORY. A c.— Org. May 5 1863 and on Feb.11 1874 took present name
Chicago Milwaukee A Puget Sound Ry. (see map), forming Pacific
extension, was acquired In foe Jan. 1 1913, Its bonded debt being assumed
and the stock ($100,000,000) held alive merely as a muniment of title. V.
96. p. 62; V. 95, p. 1683; V. 97, p. 819.
Soattlo Port Angeles Sc West., 86 miles, was opened In 1915. V. 100, p.
f
Amount
Outstanding
35
1915-16 to replace 4% 15-year French loan bonds when and as surrendered
by owners. Those bonds are secured by an equal face value of the French
bonds (which in turn are secured by Gen. A Ref. M . of 1914 equally with
other bonds), on the basis that 500 francs equal $96.3533. In Aug. 1917
about $35,000,000 of the French bonds had given place to these dollar bonds.
V. 102. p. 344: V. 101. p. 2143; V. 102, p . 1625.
Tho $49,980,800 4.4 % debentures or 1912 are convertible at par into
common stock after June 1 1917 and prior to June 1922. at the option of the
holders, within 10 days after any dividend shall become payable on the
common stock and redeemable at 105 and Int. after June 1 1922 on 90 days’
notice. They are secured by now Gen. and Ref. mtge. V. 94, p. 1056.
1118^1565; V. 95. p. 744. 1472: V. 96. p. 284. 789; V. 97. p. 364; V. 98.
Of the $181,664,500 Chic. Milw. A Puget Sound Ry. 1st 4s assumed on
purchase of road, $27,175,000 were sold and $154,489,500 wore exchanged
for O. M . A St. P. Gen. A Ref. bonds and deposited under that mortgage.
V. 92, p. 593. 659. 725, 1374; V. 93. p. 1388, 488: V. 91. p. 767. 1185: V. 98,
p. 1692. Bonds cover road, terminals and equipment, and run to maturity.
Tho Puget Sound A Willapa Harbor Ry. 5% 5-year trust gold certificates
are secured by tho entire stock of that company under an agreement pro
viding that tho St. Paul shall purchase tho stock at par on June 1 1918
unless the certificates are sooner redeemed. V. 96. p. 1700, 1839.
Funded debt In hands o f public Jan. 1917, $36,125 per m.; V. 100. p. 307.
EARNINGS.— 12 m os.,] 1917-Gross, $113,739,202: net (aft. $22,026,025
Jan. 1 to Dec. 31.
\l916.Gross. 110.009.689: taxes), 31,364,518
As to status and outlook in Dec. 1917, see V. 105, p. 2455.
ANNUAL REPORT.— Fiscal year now ends Dec. 31. Report for 6 mos.
to Dec. 31 1916 in V. 104. p. 2111; edit., n. 1076.
6 Mos. to — Years end. June 30—
Dec. 31 '16.
1916.
1915.
Averago miles operated-.....................
10,208
10,130
10,130
Passenger earnings.............................. $10,879,355 $18,923,893 $17,952,428
Freight earnings.................................... 42,611,703 76,036,097 63,953,799
Mall, express, A c., earnings................ 5.874.893 10.686.494
9,529.147
Total earnings...................................$59.365.951$105,646.484 $91,435,374
Maintenance of way and structures.. $6,010,678 $11,563,769 $10,377,185
Maintenance of equipm ent................ 8,940,090 16,518,476 13,737.535
Transportation and traffic.................. 21,933,284 39.627.598 37,454,762
T axes...................................................... 2,936,292
5.264,331
4,746,721
Miscellaneous...............
410,323
1,411,114
402,119
Total expenses and taxes.................$10,230,668 $74,385,289 366,618,422
Net earnings......................
$19,135,283 $31,261,195 $24,716,952
Total not Inc., lncl. “ mlsc.” (below). 20,463,682 34,620,640 28,366,685
Deduct— Bond, A c., Interest________ 7.797,202 15.604,262 14,636,293
‘ ‘
Hire of equipment_________________
715,442
908,132
173,809
Rents jpaid________________________
553.030
1,039.907
871.503
Miscellaneous_____________________
226,102
350,983
716,772
Preferred dividends (7% p. a .)______ 4,054,603
8,109,206
8.109,206
Common dividends.....................(2 4 % 12.935.150 (5)5,870,300(4 4 )5257854
Balance, surplus or deficit____ sur.*4,182,152sr$2,737,851 dfSl.399,177
“ Miscellaneous” Included in “ total net Income” for 6 months to Doc. 31
1916. Int. on bonds owned, $21,431: divs. on stock owned, $92,099; Int.
ou other securities, loans, A c., $679,934; rents, $271,354; other, $263,581.
OFFICERS.— Chairman, A. J. Earling, Chicago; Pros.. II. E. Byram;
Vice-Presidents, II. II. Williams, N. Y.; K. M. Calkins. E. D. Sewall,
D . L. Bush and C . A. Goodnow, Chicago, and II. B. Earling. Seattle,
Wash.; V.-Pres. and Asst. Sec., C. B. Ferry, N. Y .; Treas., Archibald
G. Loomis, Chicago; Sec., E. W. Adams, Milwaukee.
Directors.— II. E. Byram, Samuel McRoberts, William Rockefeller,
Donald G. Goddos, John A. Stewart, Percy A. Rockefeller, Walter P. Bliss,
E. S. Harkness, John D. Ryan, Now York; J. Ogden Armour, Stanley
Field and A. J. Earling, of Chicago, and L. J. Petit, of Milwaukee. N. Y.
office, 42 Broadway.— (V. 106, p. 394, 498, 606 )
CHICAGO & NORTH WESTERN R Y .— (See M ap.)— Operates an Im
portant system of roads uniting Chicago, 111., with Omaha, Neb.; St. Paul
Minn., with the great wheat belts of Dakota, Nebraska, A c., and with the
mining regions of Michigan and the Black HUls, 8,108 miles Jan. 1 1917.via.:
Road owned in fee—
Miles.
Miles.
Main lines, A c________
7,916 James Riv A Nor West(Ieased).
39
Entire stock owned—
12
Iowa Southern_____________
W olf River Valley_____________
2 Sundry trackage___________
77
Do Puo Ladd A East, (loasod)..
3 Second track_________
915
Bollo Fourcho Valloy (leasod)..
24 Also has large interest In Chic.
Macoupin County Extension..
4
St. Paul Minn A Omaha_1.753
Through passenger service between Chicago and Pacific coast la main
tained via Union Pacific. V. 93, p. 1667; v. 94, p. 697.
HISTORY. Ao.— A Vanderbilt line (V. 75. d . 1086) organized in 1859
CAPITAL STOCK.—Of the oom. stook, *2,338,502, and of the pref. $3,
835 additional to amounts shown as outstanding In table above were in
treasury in Jan. 1917. Pref. stock has prior right to 7% , then com. 7% ;
then pref. 3% ; then com. 3% : then both classes share. V. 89, p. 1482.
Tho holders of tho $130,117,029 common and $22,395,120 pref. stock of
record March 1 1917 wore given tho right to subscribe at par on or before
April 7, with payment In full on or before that date, for an additional 10%
or common stock. In all $15,250,950, increasing the outstanding common to
$145,367,979. V. 104, p. 451.863.
In July 1917 U. P. system (Oregon Short Line) owned *4.018,700 stock,
and Ch. A N. W. owned $3,910 576 Union Pacific pref. stock
DIVIDENDS—
| 86-'93. '94. '95. 9rt-’99. 00. 1901. 1902-Jan '18
Joramon __________ }• 6 y ’ly
4 5 y'ly
6
6
7 yearly
P referred___ . . . .
7 yearly---— 8 7'ly—
BONDS.—General Mortgage.—
See Abstract in V. 05, p. 1175.
, _
____ The
___
authorized Issue Is *105,000.000 (U. S. Trust Co., trustee!; *131,645,000
wero reserved to retlro underlying bonds (of which $62,137,500 were still
to maturo Dec. 31 1916,) and remainder for additions and Improvements,
*4.000,000 at once and *1,009.090 a year thereafter. V. 65. p. 1070: V. 65.
p. 69. I l l , 571: V. 75, p. 980: V. 83. p. 280, 563. In Jan. 1917 there wore
$30,817,000Gen. 3 4 s, *30,554,000 4s and $17.972,000 5s outstanding: there
was held In the sinking funds*199,000, and there was owned by the com -
36
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
C hicago 5c North W estern (Con)—
Gen gold bond M *165,000,000...............Us.xc*&r
do
* do
do
registered..*
do
do
do
x and y o*
do
do
do x and 7 registered.,
do
do
do
yc*ftr
Mllw & State line 1st M g gn (V 88. p 230)-F.xo*&r
O ft N W equip tr 1912, Ser A, *300.000 ylyF.zc*r
do
do ser. B $300,000 yrly_____________ z
do
do ser. O $400.000 yrly see text. F.zc*
do ($10,000,000) In series due 1-10 y ’rly„_Fc*
Branch Lins Bonds Assumed
Boyer Valley Ry 1st M g *16.000 per mlleF.zo’ &r
Minn & la Ry 1st M gold *16,000 per mile. F.zc* &r
Mankato & New Ulm 1st M gold $416,000-F zo*&r
Princeton & Northw 1st M *2,100,000 gold.F.zo&r
Peoria So Northwest 1st M $2,125,000 gold.F.zo&r
Sioux City & Pacific 1st M gold *4,000,000-F.zc&r
Minn & So Dak 1st M gold *528.000.................F.zc*
Iowa Minnesota & Northwestern 1st M g ..F .o z ’ &r
Mil Sparta & N W 1st M g *15.000.000 guFxo*&r*
Des Plaines Valley R y 1st M $2,500,000-F.xc*ftr*
Manlt Gr B a y & N w istM g gu (V88, p230)F.zo*&r
S t Paul East Gr Trk 1st M g gu______xc*ftr*
S t L P & N W M g guar (V 97. p 1203) -,F .yc*r*
Frem Elk&M Voons M *25.000 per mile assumed.z
Chic Peo & St L RR— Prlorllen M gcall at 1 0 7 Eq.xc*
Gen and Refunding M *15,000,000 gold red te x t..*
Equipment notes Series A duo $59,000 yearly_____
Chic Riv & Ind— 1st M gold guar p & I______MC.xxc*
C hicago R ock Isl & Pac—
New common stock $75,000,000--------------------------7% p f stk call 105\(5% cum) same pf as to assets..
8% p f stk call 102/dIvs after 1% on 7% prof--------General mortgage *100.000.000 gold-------Ba.xo’ &r
Coll tr M g (Choctaw) Sor O & P call lO lK .x C e .c*
First ft Ref M $163,000,000 g ...................Ce.xc*ftr
M iles
R oad
D a le
B onds
Par
V a lu e
A m ount
O u ts ta n d in g
1897
1897
1897
1897
1897
1906
1912
1912
1913
1917
1000 &o\
1000 &oj
l ,000&o\
1,000<&oj
1.000 &c
1.000 * c
1,000 &c
1,000 &c
1.000 &c
1,000 Sec
m$31316000
1898
1899
1899
1901
1901
1901
1900
1900
1912
1912
1900
1913
1913
1883
1900
1909
1913
1911
l.OOO&c
1,000 &o
1.000
1,000 &o
1,000 &o
1,000 &c
1,000
1,000 &c
1,000
1.000 See
1,000 &o
1.000 &c
1,000 &c
1,000
1.000
5,047
5,047
5,047
5,047
5,047
50
...
90
119
26
105
85
125
33
195
179
114
50
115
1.170
236
235
—
2.486
Text
30,554,000
17,972,000
2,500,000
1,500,000
1.500.000
2.400.000
NoneFeb’ 18
1,440,000
1,904,000
p416,000
n2.100,000
2.125,000
o4.000.000
528,000
3,900,000
u l5 000,000
2,500,000
3,750,000
1. 120,000
rlO.OOO.OOO
7,725.000
2,000,000
2,850.000
1,000
354,000
765,000
1.000
R a ti
%
/
l
[Vol. 106
W h en
P a y a b le
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
do
do
g M & N Nov 1 1987
do
do
3M g 1J— F Nov 11987
do
do
M
&
N Nov 1 1987
4
i 0 — F Nov 11987
do
do
4
do
do
5 g M & N Nov 1 1987
do
do
3H g J & J Jan 1 1941
Farmers L & Tr Oo, N Y
J
Sc
J July ’ 18-1922
4H
do
do
A ft O Oct ’ 18-1922
IX
do
do
J
Sc
J July ’ 18-’23
iX
do
do
seml-an D uel-lO th y ’ ly
5
3H
3X
3X
3X
3X
E J
g J
E A
EJ
&
&
&
&
3X g M &
3 X E F So
3X E J &
3X g J &
4g M &
M Sc
iX
3X EJ &
4 X J Sc
6 S J ft
A So
0
4 X g M ft
J ft
6
M &
5g A &
Co’s office, 111 Broadway
D Deo 1 1923
do
do
D June 1 1924
do
do
Oot 1 1929
do
do
J Jan 1 1926
do
do
S Moh 1 1926
do
do
A Aug 11936
do
do
J Jan 1 1935
do
do
J Jan 1 1935
do
do
S Moh 1 1947
do
do
8 Mcb 1 1947
do
J Jan 1 1941
do
do
do
J Jan 1 1947
do
do
J July 1 1948
do
do
(J Oot 1 1933
Sept ’ 15 coup not paid
S Mch 1 1930
June 1914 coup not paid
D Dec 1 1939
N
’23
Mcrch Nat Bank, Boat
O Oct 1 1925
O
100 74,359,722
Jan 14 ’ 18 3X
100 29,743,889 7 J & J 14
Jan 14 ’ 18 3%
100 25.000,000 6 J& J 14
1898 1,000 &o 01.581.000
4 g J & J Jan 1 1988
1902
1.000
1,494.000
4 g M & N May 1918
A ft O Apr 1 1934
1904
500 &c a l l l 140000
4
In addition, sinking fund Doc. 1916 held....................... e a lso n n h a n d $64,00 0;
n $160,000; o $74,000; p all In s. f.; r $116,000; u $$212, 000
g
$230,00 0; h $970 ,000 ; m $499,000
(also
First Nat Bank, N Y
do
do
do
do
$4,632,100 on hand;
pany or due from the trustee $5,239,600 bonds. Outstanding Generals are
free from all taxes except $8,054,000 4s, sold In May 1914; $10,000,000 5s
sold in Dec. 1914 and $8,000,000 5s sold in Feb. and M ay 1916, and *2.972,000 5s sold May 1 1916. and stamped "Federal Income tax not
assumed by C o.” V. 91, p. 1385; V. 80, p. 1489; V. 92, p. 117, 1178; V.
93, p. 1867: V. 98, p. 1459, 1536, 1608, 1993; V. 99, p. 1748: V. 100. p.
1078; V. 102, p. 608; V. 103, p. 493. Gen. Mtge. bonds o f 1987 outstanding
Doc. 31 1916, but owned by company and due from trustee, $4,632,100.
The $4,018,000 Winona & St. Peter R R . 1st M . bonds wero paid off on
Dec. 1 1916. V. 103, p. 2078.
The Sinking Fund bonds ofll879 are secured by deposit In trust of *12,860,000 of 1st M. bonds at *15.000 per mile on subsidiary lines, the most imortant being described 1* “ Supplement” of May 1894 Of the sinking fund
onds of 1879. *5,148.000 are 6s; the sinking fund is at least 1% of out
standing bonds, whloh are subject to call at 105, and through Its operation
those outstanding have been reduced from *15,600,000 to amount In table.
The Extension bonds of 1886 are secured by deposit In trust of first mort
gage bonds at a rate not exceeding *20,000 per mile. Included In the collat
eral July 1 1916 were *10,675.000 Fremont Elkhorn & Mo. Valley lsts and
'$2,560,000 Wyoming Central lsts (consolidated with F. E. & M. V .). &o.
The Fremont Elkhorn A M issouri Valley consols have a first lien on 1,241
miles (Fremont, N eb., to Dead wood, S. D ., and branches to Hastings,
Albion, &c.); but besides the amount of issue given as outstanding in the
table. $10,675,000 (along with $2,560,000 Wyoming Central firsts, a F. E.
& M . V. issue) are held as part collateral for Chicago & North Western
extension bonds o f 1886. Tho $3,098,500 N. W. Union R y. 7s. due June 1
1917, wero paid off. V. 104, p. 1701.
Milwaukee Sparta A Northwestern Ry. 1st M . bonds (assumed In April
1912), road merged In O. & N . W. V. 94, p. 416, 1056, 1185. In Jan.
1913 sold *2.500,000 Des Plaines Valloy R y. (assumed March 1913) and
in Feb.1913 $1,120,000 St. Paul Eastern Grand Trunk R y. guar. 4H s, and
in Oct 1013 $10,000,000 St. L. Peoria Sc N . W. R y. guar. 5s (assumed).
V 96 o 201 789; V.97.p i 203: V.98,p.999; V.99,p.829: V.100.p.l671.
' Equipment trasts o f 1917. V. 102, p. 951. Series " D ” of 1913 outstand
ing Feb. 1 1918, owned by company and duo from trustees, $2,400,000.
REPO RT.— Fiscal year now ends Dec. 31. Report for 1915-16 at length
V 103 p. 1113,1124; for 6 mos. to Dec. 31 1916 In V. 104, p. 1271,1257.
INCOME ACCOUNT.— For 12 mos. end. Dec. 31 1917, V. 106. p. 606.
CHICAGO RIVER & INDIANA R R .— Owns 13.11 miles of terminal
road; Atch. Top. ft 3. F. trackage, 9.11 m.; P. C. C. & St. L. Ry. trackage,
7.43 in.; Ind. H. B. R R . trackage, 3.12 m; trackage through Union Stock
Yards, 9.21 m .; total operated, 41.98 miles.
Stock, authorized, $1,000,000; outstanding, $500,000: par, $100,
Chicago Junction Rys. & Union Stock Yards Co. (see Miscellaneous Com
panies) guarantees the bonds, prin. and iut., by endorsement. V. 101, p.
773. Dividends 1913. 8 %: 1915 to 1917 6 % yrly. Of tho 1st 5s ($2,000,000
auth. Issue), $765,000 have been sold (V. 101, p. 773). Thoy are red. at
105, beginning Oct. 1916. Additional bonds may be Issued for 66 2-3%
of the cost of additional properties and franchises, but only when annual
earnings aro twice tho Interest charges. Including bonds then to bo issuod.
Year ending Dec. 31 1917, gross, $347,347; net, $51,328; other income,
$203,159: int., rentals, &c., $200,6-12; divs. (6 % ), $30,000: bal., $23,845.
Pres. & Treas., A. E. Rawson; Sec., E. S. Gentle.— (V. 101, p. 773.)
CH. R. I. & PAC, R R .— (H olding C o.)— Foreclosed. V. 103, p. 1031.
CHICAGO ROCK ISLAND & PACIFIC R A ILW A Y.— The sys
tem extends from Chicago, 111., via Omaha, Neb., to Denver and Colo
rado Springs, Colo., also to Minneapolis, Kansas City, &c. Connects with
the Southern Pacific for Pacific Coast service.
Owned in Fee (Concluded)— Miles
Owned tn Fee (excl.trackage.) Miles.
Chicago, 111., to Col. Spgs., C ol.1,063 Branch lines__________________ 2,157
Cap. Stk. all owned—
Davenport, la ., to Terral. Okla. 707
Choo. Okla. & Gull (teased)__ 067
Herlngton, Kan., to Texhoma,
O kla.........................
323 Ch. R. I. & Gulf R y ........... ........ 469
Burlington, la ., to Mlnn’p.Mlnn. 308 Rook Island, Ark. & La. R R . 385
Vinton, la ., to Watert’n, S. D_ 376 St. Paul & K. C. Short Line R R . 183
St. Louis, Mo., to Kan. City, Mo.284 Rock Isl. Sc Dardanelle R y_________ 14
Bravo, Tex. (New Mox, State line) Rock Island Stuttgart Sc So. Rv 21
Perpet. lease; treated as owned—
to Santa Rosa, N. M---------------112
Peoria So Bureau Valley R R . Co. 47
Glenrlo, Tex., to Tucumcarl,
N. M........................................... 42
Oncrathi"revenues
Net after tax(S
O R G A N I Z A T I O N .— T h e c o m p a n y a t m id n ig h t o n J u n o 24 1917 r e
su m e d p o sse ssio n o f Its p r o p e r t y , h a v in g b e e n s u c c e s s fu lly re o r g a n iz e d ,
w ith o u t fo r e c lo s u r e . T h e sale o f $ 2 9 ,7 4 3 ,8 8 9 7 % p r e f . s to c k t o a s y n d ic a te
a n d $ 5 ,0 0 0 ,0 0 0 6 % p r e f. t o fo r m e r d ir e c to r s p r o v id e d fo r o ld flo a t in g o b li
g a tio n s a n d r e o r g a n iz a tio n e x p e n se s , w h ile th e $ 2 0 ,0 0 0 ,0 0 0 d e b e n tu re s o f
1912 h a v in g be e n d e cla re d d u e a n d p a y a b le (b y o rd e r o f C o u r t ) , w ero re
p la ce d b y $ 2 0 ,0 0 0 ,0 0 0 6 % p re L s to c k .
V . 104, p . 2 64 1 , 2 55 2 , 2 451, 2 3 4 2 .
In o r d e r th a t th e o ld c h a r te r m ig h t b o r e ta in e d , th o sh a re h o ld e rs v o t e d
J u n e 21 1917 t o In crease t h e ca p ita l s to c k fr o m $ 7 5 ,0 0 0 ,0 0 0 t o $ 1 4 0 ,0 0 0 ,0 0 0 ,
th is In clu d in g , as p r o v id e d b y p lan o f re o r g a n iz a tio n : (a) C o m m o n s t o c k ,
$ 7 5 ,0 0 0 ,0 0 0 ; (b) 7 % p r e f. s t o c k . $ 3 0 ,0 0 0 ,0 0 0 ; (c) 6 % p r e f. s t o c k , $ 3 5 ,0 0 0 .
000. V . 104, p . 1800. S tatus o f c o m p a n y In 1917, V. 105, p . 9 97, 1418.
§
1917.
1916.
1915.
................108,264,983 $97,978,844 $83,754,447
I............ ... 23,828.514 27,835,731 22,099,767
D?videndincome. . I l l — ...............\ 3.496.045 (1,547,632
Other in c o m e ........... .......................- - /
_____ 11,411,541
1,612,232
l,3b9,321
Gross
.........- ...............,$27,324,559
$30,794,904
$25,081,321
Uruna income
lucviuu-------------•
. n__
a, n / t o 190
$1,057,671
$1,049,122
Rentals, & c ---------- - - -----------------9,338,621
9,368,309
Interest on funded d e b t ----------------($10,3(0,410
199,575
208,486
Sinking funds - - - - - - - - .............--1
, - 01 rrin
1,791,600
1,791,600
Preferred dividends (8% )---------------- o ’Tna’m e
9,108,015
9,108,015
Common dividends (7 % )---------------- 9,108,01 o
$9,269,735 $3,594,477
Balance, surplus________________$6,054,534
OFFICERS.— Marvin Hughltt, Chairman; Pres., R . H. Alshton, Chleaito- V -Ps.. S. A. Lynde. H. R . McCullough. Marvin nughitt Jr. and
E * y . Hyzer (V.-P. Sc Gen. Counsel); Sec., J. D. Caldwell, Chicago; Treas.,
A', s/P ie rce , 111 Broadway, New York.
Directors.— M arvin Hughltt (Chairman). Chicago; W . K . Vanderbilt,
W . Vanderbilt, Harold S. Vanderbilt, Chauncey M . Depew .James
Stillm an, W . It. Vanderbilt Jr., N . Y .; Cyrus H . M cC orm ick, Chauncey
TRTenn Tohn V Farwoll. R . H . Alshton, E. M . Hyzer. Chicago; H . O .
F
Pittsburgh, Pa.; David P. Kimball, Oliver Ames, Boston; Homer A .
Miller, Des Moines.— (V. 106, p. 498, 606.)
r H i f i n n PFORIA & ST. LOUIS RR.— ROAD.— Owns from Pekin to
Granite City, IU., 179 miles; Granite City to Madison. 2 miles; Madison to
Bridge Jot.. 3 m.; Havana to Jacksonville. 111.. 42 m.; branch, Lookhaven
to Grafton, 8 m.; total owned. 234 m.: trackage. Pekin to Peoria, 9 m.;
lines operated, 1 m.; other trackage, 11 m.; total, 255 miles.
Successor per plan V. 89, p. 285, 1541, o f railway foreclosed N ov. 18
1912. V . 96, p. 135. On July 31 1914 Pres. Bluford Wilson o f Springfield,
111 and William Cotter or St. Louis were appointed receivers.
V. 99.
p. 342. Stock, *4.000,000.
Committee for Prior Lien 4 Ha.— Sidney O. Borg (Chairman). J. N . Bab.
cock, 37 Wall St., Sec.; Eq. Tr. C o., N . Y ., depositary. V.99.P-673, 1527.
committee for Gen. A Ref. M . 4 Ms.— Frederick J. Llsman (Chairman),
an dA lfrid Shepherd; Graham Adams. SOBroad St Seer,^Bankers Trust
Co N . Y ., depositary. Majority deposited. V. 99, p. 1213, 1450, 1672.
B O N D S .— Of the Gen. & Ref. M . bonds ($15,000,000 auth.). outstand
ing $2 850.000, $2,000,000 reserved to refund prior Hen mtge. bonds,
1150 000 served to retire same, and $700,000 reserved for extensions,
equipment and Improvements: *1 100,000 bear only 3% Interest for the
first six years. The coupons duo June 1914 were defaulted. V. 99, p. 118,
also SeDt. 1914 coupons on Prior Lien 4 Ms.
..
t .
Notes to Car Trust Realization Co. for $140,132, payable on Insta lments
out of surplus earnings. LQuipment notes of 1913, see V. 102, p. 1625.
W ARN IN GS__11 m os..J19l7--Gross, $2,016,409; not (after $182,623
Jan l t o N o v 30
n010--G rass’, 1,054,667:
rents),
192,577
RE PO RT.— For half-year end. Dec. 31 1916, in V. 105, p. 1893, showing:
Balance.
c.
Gross. Net a ft.Tax. Oth. Inc. Int.,A
T"'
n„inr,ro
1910 (6 m o s .)...........$944,220
$127,071 $ 7,861 $87,887 sur.$47,045
96,237 sur. 52,854
i ll.S
if;| | 160,472 sur.105,187
215,221 def. 88,288
A V d .r u . W . Berger.
Springffeld, 111.; Treas.. F. J. Wilson.— (V. 105, p. 1893.)
T o t a l m ileage o w n e d d ir e c tly a n d throu gh ca p ita l s to c k . & o . .
_.
. .7 ,4 5 9
Leased— ICeok. & D . M . R y . , 162 m .; W h it e Sc B la c k R iv . V a il. R y .
C o ., 6 2 ................................ - ..................................................................... ..................
Trackage; D e n v e r , P u e b lo , K a n sa s C it y (V . 103, p . 4 9 3 ), & c __________
B irm in gh a m t o S h e ffie ld , M o ---------------------------------------------------------------------
224
602
8
T o t a l m ilea ge, a b o u t ___________________________________________________ 8 ,2 9 3
During tho receivership of the Rock Island rental payments to the Keokuk
& Des Moines Ry. wero suspended by order of the Court, but tho Interest
on its bonds was paid regularly out of its own earnings. Upon termination
of the receivership, in June l9l7, the operation of tho Keokuk ft Das M .
Ry. was again taken over by the Rock Island under terms of old leaso.
C A P I T A L S T O C K .— T h e p lan o f re o r g a n .
V . 104, p . 4 51) a u th o riz e d :
(V . 103, p . 1887 1 980.. 2 15 5 ;
(1) Two Classes of Pref. Stock, 7% and<S%,with Same Preference as to Assets
and Sharing Pro Rata in all Dividends after Prior 1 % on 7 % Pref.
— Both Cumulative up to 5 % from July 1 1917.
7 % Pref. S lo cifc.ca llab lo a t 1 05. A u t h . , $ 3 0 ,0 0 0 ,0 0 0 ; n o w is s u e d .$ 2 9 .7 4 3 ,8 9 8
QV„Pref. Stock, ca lla b le a t 102. A u t h ., $ 3 5 ,0 0 0 ,0 0 0 ; Issued-------$ 2 5 ,0 0 0 ,0 0 0
T h e a u th . p ro f, s to c k s m a y n o t b o Increased e x c o p t b y v o t e o f a m a
jo r it y o f e a ch class o f s to c k , v o t in g s e p a ra te ly .
T h e rig h t o f cu m u la tiv e v o t in g a t all ele ctio n s w as p r o v id e d .
Sale of Stock.— F o r th e ca sh req u irem en ts o f th o p la n , es tim a ted at
$ 2 9 ,7 4 3 ,8 8 9 , a pu rch a se a greem en t was en tered in to w ith S peyer Sc C o .
a n d H a y d e n , S to n o ft C o ., w h o agree t o p u rch a se , fo r th o s u m or $ 2 9 ,7 4 3 ,
8 8 9 . less a co m m is s io n o f 3 % , th o $ 29 ,7 4 3 ,8 8 9 7 % p re f. s to c k a n d th e
$ 74 ,3 5 9 ,7 2 2 co m m o n s to c k t o b o p resen tly Issued, a n d a u th orized th e c o m
m itte e t o o ffe r d e p o s itin g s to c k h o ld e rs an o p p o r t u n it y t o p a rtic ip a te . T h e
fu n ds s o raised w ere a p p lie d as p ro p o s e d In p lan to p a y in g o f f c o lla te r a l
lo a n s, re ce iv e rs' c e r tifica te s , va riou s c la im s , expen ses o f re o r g a n iz a tion .
T h o s e ttlem en t w ith fo rm e r d ire cto rs In J a n . 1917, I n v o lv in g sale o f
$ 5 ,0 0 0 ,0 0 0 6 % p re f. s to c k , b ro u g h t In a fu rth er $ 5 ,5 0 0 ,0 0 0 fo r re o rga n iz a
tio n expen sos. V . 104, p . 4 5 1 .
(1) D e p o s ito r s o f th o o ld s to c k ($ 7 4 ,3 5 9 ,7 2 2 ) p a y in g $40 a share receiv ed
in e xch a n g e fo r e a ch $ 100 sharo o f their s to c k a n d fo r th o ca sh p a y m e n t
(a) $100 now c o m m o n s to c k , (6) $40 n ew 7 % p re f. s to c k .
(2) Depositing Debenture holders ($ 2 0 ,0 0 0 ,0 0 0 ) re c e iv e d In ca sh the
5 % arrears o f Interest o n th e ir d e b e n tu re s t o J u ly 15 1910, a n d In ro s p e ct
o f each $ 1 ,0 0 0 d e b e n tu re $ 1 ,0 0 0 in n ow 6 % p r e f. s t o c k .
V . 101, p . 2 3 4 2 .
Treasury Resources Sept. 1917 (V . 105, p. 9 9 7 ).
___ „
First
Sc
Refunding bonds__________________________________ $40,181,000
S t. F . & K . C . S. L . b o n d s _________________________________ _______
2 ,7 5 7 ,0 0 0
R . I . A . & L . b o n d s _________________________________________________
1 ,9 6 5 ,0 0 0
B o n d s o f s u b sid iary c o m p a n ie s ___________________________________
3 ,7 7 5 ,0 0 0
T h e $ 1 2 ,5 0 0 ,0 0 0 1st M . 6s o f 1877, d u o J u ly 1 1917, w ore p a id o f f a t
m a tu r ity , In p a r t, a t least, o u t o f te m p o r a r y lo a n s.
V . 105, p . 605.
D IV ID E N D S . — T h o d ire cto rs o n D e c . 28 1917 d ecla red Initial sem i
annu al d iv id e n d s o f 3 H % on th e 7 % preferred s to c k , a n d 3 % o n th e 6 %
p referred s to c k , fo r th e 6 m o s. e n d in g D e c . 3 1 , p a y a b lo J an . 14. T h o
earnings fo r 1917, w ith 11 m o s. a ctu a l and o n o m o n th e s tim a te d , then Indi
ca te d o v e r $6 a share earn ed on th o co m m o n s to c k , a fte r d e d u ctin g th o fu ll
annu al d iv id e n d ch arge o u all th e now p r e f.
V . 105, p . 2 542; V . 1 06, p . 2 95 .
R A ILW A Y STOCKS A N D BONDS
Feb., 1918.)
M iles
Road
R A IL R O A D C O M P A N IE S
[For abbreviations. A c ., see notes on first page]
C hic R ock Is! & P acific Ry (Concluded)—
Cedar Rapids I F A N W 1st mtge gold guar.Ce.zo
B C R & Nor oonsol first mortgage gold.Ce.zo* Ar
Minneapolis & St I,ouls 1st M gold (assumed) ~ .F z
Rook Island A Peoria cons 1st M (V 75. P 30)-Alps
Choc O & G general (now 1st) M 55.500,000 g.xo « r
Choo A Mem 1st M $3,750,000 assumed.GP^o&r
Ij Rook Bridge 1st M assumed g red........... GP.xo
Consol mtgo gold___________ ________ i--G P .x o
R I A A f i l s t M $30,000,000 g gu red 105 Ba.xo* &r
Little Rock
Hot Spg West uotos guar p
St P & K C Short u— 1st M g gu red 105-Ba.xo* Ar
■quip note Ser O gold due 5265.000 semi-ann.--Ce.xc
do Ser D g 5225,000 s-a (V 90, p 813. 1362).Bax
do Ser E g $5,000 due semi-annually----------- - 3
do Ser F g $12,000 »-a (V 93, p 939) - - ........ BaJ
do Ser G g 5170,000 s-a (V 05p 1 6 0 7 ) - . B a
do Ser H g $441,600 ann (V 96. P 1772) -Baxc&i
do Receivers’ due In $144,973 soral-ann _—. . . .
Chicago S4 Louis & New Orleans— See Illinois Central
Chicago St Paul Minn & Omaha— Common stock . . .
Preferred stock non-oum Including sorlp (see text)
Gh'St P A Minn 1st M gold Elroy to L St C ass d.zo
St P A Sioux City 1st M gold 510,000 per mlle.Ce.zo
Nor WIs 1st M Lake St C to near Spooner ass d~e.zo
Superior Short Line 1st M 51.500.0001ass...U n.zo
O S t P M & O M $30,000,000 (515.0(X) p m ).C e.zo'
do
do
consols Interest reduced . . .
Deben gold $2,000,000 "stam ped"g; text.Cexo Ar
Chicago ferre Haute & S E - S t o c k . - - - - - - - .............■
&
&l--~
Date
Bonds
Par
Value
Amount
Outstanding
$1,000 $1,905,000
1881
1884 l.OOOAo 11,000,000
150.000
500 <Sco
1877
450.000
1885 1.000 Ao
1894
1,000 5.500.000
1899
1,000 3.525.000
95.000
1899
1,000
335 1902
1,000 5.411.000
600 Ao bl2,965,000
363 1910
453.600
1911
1.000
1911 5 & £ cl2.624.640
1.060.000
1909
1,000
3.375.000
1910
1,000
30.000
1911
1.000
204.000
1911
1.000
3.230.000
1912
1,000
1913
2.646.000
1 000
1.000 2.464.000
1915
—
292
998
12
113
351
282
Rate
When
Payable
%
5
6
7
6
5
5
0
M
M
.1
F
A
M
J
F
J
J
M
Oct 1916 coup pd wh duo
O Oot 1 1921
First Nat B k .lle w York
O Apr 1 1934
no
D June 1 1927
do
do
’
do
J July 1 1925
or Phils
J Oct 1 1919
do
do
or Phils
J Jan 1 1949
do
do
J July 1 1919
do
do
N May 1 1952
or Europe
do
S Mch 1 1934
Go’s office, Chicago
J July 1 193)
New York and London
A Feb 1 1941
O Apr 18-Oct T9 First National Bank, N Y
do
do
N To M ay 1925
J July'18-Jan '21 U S Express Co
A Aug '18-Aug ’26 First Nat Bank. N Y
do
do
J Jul.v’ 18 July ’27
do
do
J July'18-July ’ 23
S To Sept 1925
F
F
M
A
J
M
J
J
M
A
A
A
&
A
A
A
A
A
A Feb 20 ’ IS. 2J4 Office 111 B’ way, N Y
do
do
A Feb 20 18 3 H
do
do
N May 1 1918
do
do
O Apr 1 1919
do
do
J Jan 1 1930
s June 1 1930
do
do
D June 11930
do
do
n June 1 1930
do
do
s ileb 1 1930
J
F
J
See
A
J
A j
A A
A D
text.
A
A
I
g
g
£
J
J
4H g
4
4 y, g
4H g
4)4 g
5g
4 >4
4 Vi g
5g
5
100 18,556,700 6 in 1917
100 11,259,300 7 In 1917
6 g
624.000
177 1878
500 Ao
6.070.000
di
607 1879
1,000
6
536.000
80 1880
1,000
5
1895
1.500.000
1,000
6
1880
1,000 17.723.000
1880
3H
3,734 000
1,000
5g
1912 1.000 Ac 11.400.000
' 100 4.300.000
ft
5 1898
250.000
242 1901
4g
1.000 7.534.000
5e
362 1910 1,000 Ao 4.244.000
362 1910
100 Ao 6,336.055 See text
___ 1913
5
1,000
450.000
r,quipmeiix guiu iiuuua uuo
------_
5
1913
60.000
1,000
do
do
(locomotives) $ 10,000 ann. . - . . - .
a
l
.
000
in
treas.
d
as
collator
or
pledge
Includes a $16,199,000. b $1,965,000 and c $2,545
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
A
A
A
<5c
A
A
A
A
A
&
A
A
A
A
fr
Sr.
Sr.
&
e
g
g
5 e
37
J
J
1st Nat Bk
July 1 1938
do
Feb 1 1951
do
Deo 1 1960
do
Deo 1 1960
do
Sr. o Apr 'lS -A pr '23
do
& J To July 1 1923
do
do
do
do
do
Richmond, Va.; James N. Wallace, N. Y .; Beman G. Dawes. Columbus;
James A. Patten. Chicago; A. C. Rearick, N. Y . (representing Holland own
ership, 114,000 shares); W. Z. Ripley, Henry Bruere and J. P. Ten Eyck.
Executive committee: J. E. Gorman, Chairman, John G. Shedd, James
Patten. B. G. Dawes, N. L. Amster, W. Z. Ripley and A. C. Rearick.
Finance committee: J. N. Wallace, Charles Hayden, Frederick W . Scott,
James Spoyer and Henry Bruere. Seo V. 105, p. 1418, 1522, 161/, 1801,
Estimated Requirements, Aggregating $38,312,840,. Jan . 1 1917 fo Dec^Sl 1919 2185, 2271. 2542; V. 106, p. 295.
CHICAGO ST. PAUL A1INNEAPOLIS & OMAHA RY.— (See Map Chi
[About $10,000,000 debt hero shown paid off early In 1917. V.105.P.997.J
cago & North Western.)— ROAD.— Elroy, WIs., to Omaha, Neb., 593 mile*,
Calendar Years—
eioM m nnoo
1919‘
other lines, 1,160 m.; total, Jan. 1 1917, 1,753 miles, of which 1,683 are
First
Mtgo. Cs, paid July 1 1917-----«12,500,000
... .
Equipment trust obligations. ........ 2,409,947 $.,084,947 S2.084.946 owned and 70 miles leased. V. 69. p. 1147.
Cfioctaw Serial Collateral bonds —
1.494,000
1,494,000
-------
HISTORY.—This was a consolidation July 1880 of the Chicago St. Paul
Choctaw Okla. & Gulf Gen. M. os._
5,o00,000 A Minneapolis, the North Wisconsin and the St. Paul A Sioux City.
In November 1883 Chicago A North Western Ry. purchased oontrot,
io ffi
r,8:8oo
^8:888 viz.,
$9,320,000 common and $5,380,000 pref., and in 1910 $220,000 com.
Additions and°bettermonts.f........... 3,500,000
3,500,000
3,500,000
STO C K — Authorized common, $21,403,293; preferred. $12,646,833.
Held
by the company Dec 31 1917, common stook and scrip. $2,844^07!
Tota,
.................................$19,973,947 $7,148,947 $11,189,946
preferred stook and scrip, $1,386,974. Preferred stook has a prior right
L ea d in g'C h arges'A c. , Disallowed by Recdver or in Dispute, and Therefore to non-oum. dividend of 7% . but com. Is never to receive more than pref.
Not Provided for by PIclti (V •
j)» fSow)*
DIVS.— 1 ’ 93-’ 96. ’97. ’98. ’99. '00. ’01. ’02. ’03. '04. '05-’ 16. T7. ’ 18 •
m oiaims for which a preference Is asserted, & c.t about $200,000*. (2)
C om m on ..f None
2
2 3M 5
5
8
6
6 7 y ly 3
2H
The dividend on common stock. 7% since 1905, has been reduced to 5%
p. a., beginning with 2 H % , payable Aug. 20 1917. V. 104, p. 2451.
BONDS.— In April 1911 the $1,500,000 Superior Short Line Ry. 5s held
the treasury were sold. V. 92, p. 954. 1310. Ch. St. P. A Minn. 1st 6s,
Indiana Coal Co. Bond interest to Dec. 1 1916. $250,000; and sinking fund In
1918, and North Wlso. 1st 6s, due 1930. are exchangeable at option of
rn Tnne 1 1916 est $51 750 (the Railway Co. has a largo investment In this due
at any timo, $ for $, for consol. 6s. Y. 68. P. 521: V. 77, p. 2389.
company whlcMs fn hands of a receiver who has Issued $100,000 receiver’s holder
Of
tho
$11,200.000 outstanding debentures, ($15,000,000 auth.), $9,200,000
cfirtifien.tffd* (c) St Joseph Union Terminal
Jan. 1 1917).
’ ’plain” and $2,000,000 are "stamped” as subject to Incomo tax. v.
cq2 500* (a) Harlem-Rushvillo trackage (to Dec. 31 1916), about $132,000; are
increased mtge. (except for extensions) must secure
(e) Trinity & Brazos Valley lty. Co., one-half Interest to Nov. l 1916 on 101, p. 1806. V.Any
94, p. 278, 487, 1316: V. 95. p. 812; V. 96. p. 1421, 1556;
total cost (now operated separately—see that co.), $496,o56. I eoria debentures.
V. 98, p. 386: V. 101. p. 129.
REPO RT.— Year now ends Dec. 31. Report for year to Dec. 31 1917
^ ^ n A ^ rch 'ig f'ft^ re O T g a ^ za ^ o n committee bought at 75% and int. the
_.
. n
g ra te r part of the $2,003,000 defaulted bonds of Consol Indiana Coal Co., in V. 106, p. 606.
----------- 1 ears end. Dec. 31----------- •
1917.
1916.
1915.
^"inasmuch^a^ th^semf-annual* Interrat^InstollmMits’ bad^ not^bc»n"^pald
during tiie receivership on the half cost of the Trinity & Brazos Valley Ky., Operating revenues----------------------..$21,476,509 $20,855,286 $18,200,614
Net,
after
taxes,
&c-----------------------notice5of precipitation of the maturity of,*her Elr n, :
S
'Vv,17,010,
539,187
478,0/0
413,108
. . . . .„.™ \ imnn the Chic. It. I. & l ’ac. Ry. Co. In M ay 1916. The com- Other Income______________________
panv Is advised that this claim Is unenforceable, but tlio Colo. & Sou. Ry.
$5,357,109
Gross
income____________________
$4,837,725
36.664,051
In Dec. 1916 brought suit to enforce said claim, also $40,313 l & B . V . R y .
$792,138
$689,410
equip, notes and $50,000 Galveston Term. Ry- n<md Int. V. 103, p. 2428. Rentals, &c_______________________ i$2,719,136/
2,165,332
2,259,665
Interest ................................................ /
BONDS__Of tho General 4s of 1898, those unissued are available at not Pref.
___
787,976
788.235
divs. (7% P- a .)...... ..................788,23o
over $1,000,000 per annum forpermanent Immovermntsand additions, Common’
divs.V. 1
- -~-V(6) 1,113,402 (7)1,298.986 (7)1,298.934
n i l , if f; iru Arc__The reorganization redneed the total fixed charge
Including equipment; Bankers Trust Co., N. > ., • d
'“J- Strong Jr.,
trustees? Abstract, V. 66. p. 522; V. 78. P- 228, V. 80. p. 2/2.
FIRST A REFUND 4% RONDS OF 1904 ($163,000,000 AUTJB, ISSUEJ
* 1A 1st Hen fnl^er diroctlv or through pledge of entire Issues of bonds of the
Balance, surplus_________________
$216,952 $1,627,754
$312,729
OFFICER3.— Chairman of Board. Marvin Hughltt; Pres., Jas. T ,
Clark; V.-Ps., S. A. Lynde. E. M . Hyzcr and A. W . Trenholm; Sec.. J. D
Caldwell; Treas., A. S . Pierce.— (V. 104, p. 1257; V. 106, p. 49S, 600.)
CHICAGO TERRE HAUTE & SOUTHEASTERN R Y .— Owns
Chicago Heights, 111., to Westport, Ind., 298.09 m.; Blackhawk to Sul
gating, exclusive of leased line.s and trackage. 5,683 mll«i. Seo \ 78, livan, Indiana. 18.50 m.; Blue Island Yard. Illinois. 0-88 m.; Bedford to
n 228 234s V. 79 n. 1716, 2206; V. 84. p. 219, V. 8o, p. 98. The deed of Oolitic, Indiana., 4.76 miles; 10 branches, 39.18 miles; trackage Blue
?rust forbids the crSitlon of a Junior mortgage wlthoufthe consent of the Island Yard to Chicago Heights Illinois, 12.47 miles; trackage to Unlon
Depot, Terre Haute, Indiana, 0.30 miles; total Dec. .31 1917, 374.18 miles
holders
all V.
tho90,
Ref.
M. 4s.
o /Ov9bl
l7rtfVtJ
V. 89. P.of666;
p. 108,
236. Yi,>w
1170.7’,2
1424.
V. 91, n
p. 1766,
V. 93, p. 1667, Inconiorated In Indiana and Illinois in November 1910 as successor to
1785; V. 99. p. 1748, 1831: V. 100, p. 900.
„
the Southern Indiana Ry. and the Chicago Southern Ry. (bothforeclosed),
As to Ohio. R. I. A Pao. Elevator mtge., se0 V.79,p.
V. 82, p. 780 per plan In V. 91. p. 337.333. Possession taken Jan. 1 1911 (V. 92, p. 69).
Rock I.Ark. A La. 1stM. 4 Ms (V. 90. p. 620, 699. 1161) and« . P. A lias also acquired the Bedford Belt Ry. On Aug. 1 1913 made
Kansas City Short Line 1st M. 4 Ms, V. 92, p. 526, 593, V .93, p. 1196, 1169, 99-yr. lease with the Balt. & Ohio Chicago Term. R R . for use of 12.47
V. 94. P- 1056; V. 97, p. 236, 1114), were guaranteed, principal and Inter miles through Chicago Heights north to Harvey Junction in the Chicago
est by the old Railway Co.
. _ j v 0, „ . . . _
Rock Island-Frisco Terminal 5s, see that co. and V. 84, p. o69, 748. Switching District.” — V. 97, p. 1110.
STOCK.— The $4,300,000 com. stook. except shares neoessary to qualify
EARNS. OF SYSTEM./1917. . Gross. $85,709,549; (net)
$22,220,459
12 mos., Jan.I toDcc.3l. \1916 Gross, 77:482.911 . (net/
24.686,090 directors, have been placed In a voting trust until Deo. 24 1920, unle**
sooner terminated, as provided In the agreement. Roy O. Osgood, Frank
T?nr Rockland Lines Q mos. to Sept* 30 1VH« * » • A0»>t p.
F. Taylor and Geo. A . Jaokson, Toting trustees.
9 Mos —
fflS?'’
Net.
Other Inc Deductions. Surplus.
1017
*63 0ci8 > q *13 280 477 $1,080,555 $10,125,108 $4,235,924
BONDS.— The new “ Firstand R ef." M . is aflrstllen onabout 115 mile#
\l\l............... *68 485,’171 15.489:295 i:070.720 11.567,225 4:992,790 and a second (consol.) mortgage on the remaining 246 m. owned. V. 91.
R E P O R T .- F o r c a l e r ^ y e a M 9 1 6 . in V ^ . £ . 6 7 . shows; ^
X916.
S X i S s f e ::::: * 8 :M
1915.
S S
1914-15.
1913-14.
‘ISSIS
Total gross earnings..$80,889,129 $71,299,369 ^ZS^^.SOO $63,675,842
Operating expenses___ 65,091.717 53,610,4.j< 53„)21,615 ol,635,820
Not earnings
$25 797.412 $17,688,902 $17,426,275 $17,040,028
Oper. Inc. (a^t. taxes)..$ 2 1,992,343 SJf’ioo’ar?
Other incomo.......... ..
1.436.342
1,329,467
1.367,916 _ 1 ,836.209
T otal not Incomo
82.3 428.685 $15,469,676 $15,407,811 $15,539,962
Interest, rentals, &c___ $15,350,496 $16,856,064 $16,142,488 $16-639,341
Dividends......................
..........
..........
...........
l-8'l-<63
Bal., sur. or def . sur.$8.078,189 def.$386,388 def.$734,677df.$l,421,142
i1 iiI'i'ICEfts —Chairman. J. G. Shodd; President, J. E. Gorman; V.-I>.,
'a O Ridgway; V -lLTSec. & Troas.. Geo. II. Crosby Chicago; V.-P.l
Asst. Sec. ^ Asst. Treas.. J.J.Quinlan. N. Y.
Irust Bklg.
Hoard__J G Shedd Chicago, Chairman J. E. Gorman (Pres.), Chicago;
N. LoAmster, Boston; James Speyer, N. Y.; Chas. Hayden. F. \v. Scott.
VPu?poses 'for ‘JhicA $20,6(K),0(?0 First and Refunding Bonds were Issuable.
Issued under plan (of which $1,485,000 pledged for loans).
.$6,334,000
Reserved to retire So. Ind. Ry. and Bedford Belt 1st M. bonds.. 7.787,000
Reserved under careful restrictions for extensions, additions, lmprovements, acquisition of sub-company stock and bonds, A c. 5.879.UUO
Tho Incomo bonds dated Doc. 1 1910, $6,500,000, bear interest from
Dec. 1 1912 at 5% per annum from net earnings (determined as provided in
the mortgage), payable If earned. but cumulative to extent not paid. The
Incomes have at all stockholders’ meetings one vote for each $100 par value,
the condition and manner of casting such vote being fully itated in the mtge
Div. on Incomes, 1% . semi-annual^, paid Seot. 19 11 to Mar. 1913 Incl.:
1 K % paid S t. 1913; then none till IM % March 1 1917; 1 \i% Sept. 1
1917 March 1 1918, 1 % % . V. 97. p. 298; V. 103. p. 1404.
Loans Doc. 31 1917Secured by $M 85,000 "F irst*; R ef.” 5s, $837,000.
LATEST EARNINGS.— 11917.-Gross, $3,440,634; net,(aft. $1,167,219
8 mos.. Jan. 1 to Nov. 30. \1916--Gross. 2,516.739: rents)
,66.721
REPO RT.— For year ending Dec. 31 1916 in full, V. 104, p. 2651:
1915.
1916.
1916.
1915.
$836,738
Gross earns..$2,813,761 $2,263,877 Gross Income. $946,061
30,927
32,754
Net earnings- $516,083
$581,072 Rents, &c____
652,410
Hire equip.,&c. 429,978
255,666 Interest_____627,707
Gross Income. $946,061
$836,738 Bal., surplus. $185,600
$153,401
38
RAILWAY STOCKS AND BONDS
( V o l . 106.
Feb ,, 1918. j
39
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , d e c ., s e e n o te s o n / trst p a g e ]
Miles Date
Road Bonds
C hic Union S tation— 1st M g gu p&i red.IC.yc*&r*
Chicago Utilities— Common stock $22,500,000
Pro! stock 5% non-cum $30,600,000
—
__
-- ‘ “ do Scr B g 2nd lien $4,000,000----- Usm.xc*&r*
Chicago & Wabash Valley R y—See Chic. Ind. & Lou Isvllle
Chicago & Western Indiana— Stock (sec te x t)-. — *53
General mortgage gold sink fundsubj to call lOo.xo
Cons M $50,000,000 g .............................IC.xc*&r
First and Ref M $200,000.000-------------- Ba xc* & r'
CoIIat trust notes gsec'd by 1st & Ret M red 100 'A B:
Notes taken by Bolt Ry and sec by 1st & Ref M o - Chicago St West Michigan—See Pere Marquette RR
Chicago Wisconsin & Minnesota— See Wisconsin Cen
C hoc & Mem— C hoc Okla & Q u it—See Ch R I & I
Cincinnati Dayton & Ironton— See Clnoln Ham & Daj
91
Cincinnati Find & Ft W— 1st M g guar end red N.o
RR
284
a Further $850,000 in Oct. 1917 hold by co. or pled; ed as
b $147,000 called for payment March 1 1918.
Amount
Outstanding
Par
Value
1915 $ l,000&c a$30000000
-----
Rats
%
When
Payable
J July 1 1963
NY,PaRRCo;ChI,IllTr&S
& O Apr 1 1942
Apr 1 1942
April 1915 coup not paid
Q— M 31 Dec 31 T7 1H %
Q— M Deo 11932
J & J July 1 1952
M & S Sept 1 1962
M & S Sept 1 1918
M & S Sept 1 1918
Chloago
. „
J P Morgan & Co, N Y
111 Tr & S Bk.Chlo; &NY
N Y . J P M & Co, &Ch!c
J P Morgan & C o, N Y
Chicago, Cent Trust Co
Nov T4 coup not paid
4M g J
A
5g
5,999,900
4,000,000 See text
19l2 1.000 &c
1912 1.000 &c
5.000. 0006 in 1917
100
6Z
1882
1,000 b3,931.667
4s
1902 1.000 &o 45,491,000
1912 1.000 &c See text
6g
1917 1.000 Ac 15,000.000
1.000.
0005
1915
1,000
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
&
1.150.000
4g
M & N Nov 11923
1915 $100 &c $2,675,000
1916
448,000
554.0JO
1916
1.00)
5g
5g
5g
N Y , Equitable Trust Co
M & N Nov 1 1965
do
do
F & A Aug '18-Feb '26
A & O 15 Apr '18-Apr '26 Penn Coforlns onLlves,&e
1903
1,000
collate ral
w
?F
® 'r ^ rFPF68j'WcDnore John T B egley F. Nf. Gordon and
B o°is
oIP
t ,J€SlS
.’ Field,
BEI’ O RT.— For year 101/ snowea: uross, .ji/u .io o ; net
other income, $3818,197; interest, $2,612,242; rentals, 411,077; dividends
(6 % ), $300,000; surplus, $112,833.(V. 106, p. 715.)
.'
CINCINNATI BLUFFTON & CHICAGO R Y .— In N ov. 1917 was
to bo dismantled. See V. 105, p. 1801.
CINCINNATI FINDLAY & FORT WAYNE R Y .— Owns F in d la y .O .,
to Fort Wayne, Ind., 80.09 miles; from Dolphos to Mandalo, 11.30 miles.
V. 77. P. 88, 694. Leased to Cin. Ham. & D ., which guaranteed bonds,
prin. and int. V. 78. p. 286, 342, 701. Coupons due N ov. 1914 were
defaulted. V. 99, p. 1451. Property was not included in the C. H. & D.
reorganization plan as Issued, but under “ adjustments of certain claims,
arranged by the committee, the depositing bondholders in Aug. 1VJ1<
received $200 per bond. V. 105, P- 606. Foreclosure suit brought in
Nov. 1916. J. B. Carothers was appointed receiver in March 1917.—
\V. 1<\ Peter.— (V. 103, p. 1464, 1427, V. 104, p. J51, 2552.)
r m r A f i O UNION STATION CO.— Incorporated In Illinois. Owns
AlH TTnInn Station and is building extensive new terminals covering 35 acres,
2t cost o f $47 000 000. In Jan.1917 5% completed. Capltalstock, auth.,
! q Cr“nn non- outstanding $2,800,000, hold one-fourth oach by Pennsyllin W o m n S S y ^ IMtts. Cin. Chic. & St. Louis R y., Chic. Burl & Quincy
RftR anc?oElc ^Mlhv. & St. Paul Ry. The station will bo used by the four
nmnriotary companies and the Chicago & Alton R R . Tho $30,850,000 1st
E f f l s w e p a r t o f an authorized issue o f $60,000,000. They are
iriiar ' nrin & Int. by tho four proprietary companies. Red. at 105 on or
aftor Jan. l 1921. See V. 103, p. 60. 667. 1301; V. 104, p. 2010.
CHICAGO UTILITIES CO.— Incorporated In Maine April 9 1912 to
succeed (per plan V. 94, p. 938, 939, 1386; V. 94, p. 350) the Illinois Tunnel
Commfttee for CincinnaHFindlay <6 Ft. Wayne Is tM . 4s.— F. N . B. Close
C<) and Chicago Subway Co. foreclosed. V. 94. p. 911, 1056, 1118; V. 96. (Chairman), P. D. Bogue. Sec.; Bankers’ Trust C o.. N. Y .. depositary.
p. 652. 1089 Iteorg. per plan of Oct. 2 1911 (V. 93 p 938. 939. 1386.).
V. 99. p. 1909; V. 103. p. 1210, 1301; V. 104, p. 1145.
Company acquired (either directly or otherwise) all the capital stock and
R E PO RT.— Year ended Dec. 31 1916, gross $137,411; net def., $25,671.
mortgage notes of the Chicago Warehouse & Terminal Co. and tho Chicago int. on bonds, $46,000; taxes, rentals, &c.. $33,008; bal., def., $104,642.
Tunnel Co. (purchaser of property of Illinois Tunnel Co.) and the Illinois — (V. 105, p. 606.)
Telep & Toleg. Co. Tho sub. companies own property free of Incum
CINCINNATI HAMILTON & DAYTON R Y .— Sto Baltimore & Ohio
brances oxcopt certain mortgages held by the Utilities Co. Tho Chicago
Tunnel C o’s, property was sold for $59,923 taxes on Dec.4.— V.103, p. 2155. and V. 105, p. 72, 389, 715, 908; also Dayton Toledo & Chicago R y. below
There is owned by subsidiary companies 60 miles of tunnel, operated with and V. 105, p. 1801. 2272.
CINCINNATI INDIANAPOLIS & WESTERN R R .— Owns Hamilton
narrow-gauge electric motors and cars, for the transfer of freight between
the various railroad terminals In the City of Chicago and to and from the O., to Springfield, HI.. 284 miles; Sidell & Olney R R . (stk owned), Sidell.
downtown business district and botween business houses; see V. 86, p. 720; 111., to West Liberty, 75 miles; trackage to Olney, 8 miles; trackage O. H. &
V 87 p. 1357. Tho proposed sale of the (unprofitable) telephone property D. for passenger trains Hamilton to Cincinnati, 25 miles. On Dec. 1 lv lo
was blocked by U. S. Attorney-General, and in Juno 1917 tho city agreed succeoaed Cincinnati Indiana & Western R j.t foreclosed &n4jrorgaiii£ea
to accent $200,000 for right to dispose of the telephone system. In Jan. Independently of Cin. Ham. & Dayton B y ., per plan in V 100, p. 2084;
1918 matter was still pending. V. 104, p. 2552. Suit for $8,000,0001s V. 101, p. 47,1552; V. 102, p. 250; V. 103, p. 1786. 1888; V .104,p .361,2451.
nending against Amer. Tel. & Tel. Co. for failure to completo purchase V. 105. p . 72.
V 103, p. 1121, 758, 1301; V. 101, p. 369. April 1915 coupon onScrios
STOCK— VOTING T R U ST .—Capital stock auth. common. $7,500,000
A unpaid. V. 100, p. 1256, 1751.
5% non-cum. pref., $7,500,000. Par $100. The present Issues, $5.3p0.000
EARNINGS.— Sinco 1913 no Income from subsidiary companies. For of each class. Is covered by a voting trust till D oc. 1 1920 (unless
vear 1913; Gross, $789,207; operating expenses. Including taxes. $871,413: previously terminated by vote of tho trustees thereunder). Voting trustees
on def. $82,207; other income, $19,629. See V. 101 p. 369. Figilrcs are Frederick II. Ecker, George K. Johnson, H. F. Whitcomb, L. Edmund
nresoutecl at tho annual meeting Jan. 22 1918 indicated a deficit for the Zachor, J. A. Barbey. Equitablo Trust C o., agent for trustees.
BONDS.— Tho now mtge. is limited to $12,000,000. See table.
Chicago Tunnel Co. in 1917 o f $100,200, comparing with a deficit of
Equipment trusts of 1916, V. 102, p. 521, 1346, 1435.
®gi igq in 1<)16 and $25,661 in 1915.
* Directors.— A. Slade, \v. E. Worth and W. J. Gavin of Chicago; R. J.
L A T E S T E A R N I N G S . — /1 9 1 7 - - G ro s s , $ 2 ,6 3 9 ,5 3 7 ; n e t ( a ft .
$ 4 0 5 ,8 8 2
Dunham Joseph Harris; Pres., S. W. Tracy, Chicago; Trcas. & Sec., 12 mos., Jan. 1 t o D e c . 3 1 . 1 1 9 1 6 — G r o s s , 2 , 3 7 2 , 1 3 0 ; rents),
4 0 8 ,3 0 5
J. O. Payton. Chicago office, 754 W. Jackson Boul.— (V. 106, p. 394.)
R E P O R T . — F o r c a l. y e a r 1 9 1 6 in V . 1 0 5 , p . 6 8 .
CH ICAGO & WESTERN INDIANA R R .— (SceMap.)— Owns a valuable
1916.
1915.
Cal. Year—
1916.
1915- _ I
terminal system affording entrance into Chicago to the roads named below. Gross warnings.$237,213 $2,034,222 Gross Incom e..$590,551 loss$33,475
Its lines extend from Dearborn Station. Polk St., Chicago, to Dolton, 17 m.; Not, n* ter taxes.$540,235 loss$3$,863 Rents, &c......... 166,030
228,405
also to Indiana State line, 10 m.; to Cragin, 21 m.. and to South Chicago, Other incom e.. 50,216
341,357
5,383 Interest_______ 181,521
5 in •total 51 m.; total track. Including 2d, 3d, 4th tracks and sidings, 545 Gross
Balance
. . .su
ross incomo—
JU.&Ol loss$33,475
10SSJ,.3.},‘*/0 liaiau
cu ----a
ur.$243,000dof$603,237
r.«iio,u u u u oi«w o,^ i
incom e.. b’
590,551
m • also owns real estate, car yards, warehouses, clovators, &c. The
Sidell & Olney RR. earnings aro hero included only for first 11 months
“ carfn^y?ard embraces 1,810 a c r e s .-V 105, p. 388.
of 1915; its gross earnings for 1916 were $90,119 and net deficit, after taxes,
Leases —Tho station tormlnal properties, including tho "Dearborn Sta
tion” and Its connecting tracks, arc usod for freight and passenger business rGOFFKUk?tS7— Pres., B. A. Worthington; Sec., F. J. Goebel; Treas.,
under 999-yoar leases (which have boon in force for many years) by tho D . J. Curran.— (V. 104, p. 361, 2552; V. 105, p. 68, 72.)
following companies, which own all the capital stock of tho Chicago &
CINCINNATI INTER-TERMINAL RR.— Owns a road 0.6 m. In length
WMtorn lndiana lU i. Co. ($1,000,000 each), viz.: Cldc. & Eastern Illinois
RR 1 Chic Ind & Louisville R y.. Grand Trunk Western R y ., Wabash Ry. connecting the Chesapeake & Ohio bridge and the Cin. Ham. & Dayton
and Erie lilt Co. The Atch. Topeka & Santa Fe R y. Co. also uses these terminals. Controlled by Chesapeake & Ohio R y. Common stock, $10/000
trucks and station under a long-term lease at a flxod annual rental, plus a in $100 shares. Issued for purpose of control. There is authorized $1,000,
000 of first pref. 4% cum. stock secured by mtge. to the Union Savings Bank
Pr^ ? e t"Bdt°RaUwajP’a division. Including the clearing yard upon which h Trust Co. of Cincinnati, as trustee, and rentals paid by Ches. & Onlo and
the First & Ref M . bonds (mostly pledged to secure tho 1-year 6% notes of Louisville & Nashville, and subjeot to call on any Int. day after Feb. 1 1915
1917) aro a first lion, is operated under a 50-year exclusive lease by tho Belt at 105. V. 79. p. 212; V. 80. p. 172S. 2398, 2020. Rentals received for
------ 1
, n ----- *— year ending June 30 1916, $33,497; dlvs., $33,000; bal., sur., $497. Pres..
JJy Q
'• -* —'
Geo. W . Stevens.— (V. 80. D. 2820.)
Penns;
C o..
C I N C I N N A T I L E B A N O N & N O R T H . R Y . — Owns Cincinnati. O . . t o
Dayton, 56 m ; from Middletown June, to Middletown O.. 14 m.; Hemp
East.’ ili ' r r ^OhicT Ind* & Louisv. Ity., Erie R IL ,“Grand’T r. West. Ity., stead to Clement, O., 5 m.; branch, 1 m. \ . 99, p. 1831; V. 100, p. 139.
W abash liy. ’ The Belt Ry. (V. 101, p. 1488; V. 105, p. 388) is merely an Stock, $2,100,000. owned by Penna. Co. V. 75. P- 980; X : ,10o°/P- ,53*
operating company, owning no mileage. flic leaso to tho Bolt Railway Div. of 3% paid in 1906, ’09 & TO: ’ l l & T2, 4% ; T3, 5% ; 14, 3% ; 15.
Co. provides for an annual rental, of which at least $798,899 Is payable none; T 6, 4 % . V. 99. p. 53. The Sl.500,000 1st cons. 4s are guar. p. & 1.,
directly to tho trustee of tho First & Refunding M tge. in monthly Install by Ponna. Co. V. 77, p. 86; V. 98, p. 610. Cal. year 1916, gross, 8815,589;
ments, this paymont to bo Increased from time to time by an amount equal net, $146,181: other income, $56,951; charges, SiC) 1.772; dividends, $84,000;
to tho interest on all obligations issued for improvements to the "Bolt surplus, $17,360.— (V. 100, p. 900.)
Division” ; also a further $159,000 yearly for sinking fund. Tho operating
I N C I N N A T I N E W O R L E A N S & T E X A S P A C I F I C R Y . — (See T a p
company must also pay tho taxes and interest on all bonds horeafter issued of CSouthern
Ry. System.)— Operates Cincinnati Southern R y., owned by
for iini)rovomi>Tits n” iidditious to so>itl ill vision.
city
of Cincinnati, Cincinnati to Chattanooga, Tenn., 335 miles; trackage.
dW i d b n d s —
l ’95. ’96. ’97 ’ 9 8 .’ 9 9 .1900 to Sept,30’ 17
2 m. Owns entire stock of Ilarriman & N. E. R y., 20 m., operated sepa
Poroont
'
................ 1 7H 6
0
6
6
6 yearly
rately. V. 77, p. 1743. In 1901 lease was extended 60 years to Oct. 12
BONDS.— The "General Mtge. bonds are drawn at 105 and Interest.
1966; rental under renewal to be Sl.050,000 yearly for first 20 years, then
Of the Consol. 4s of 1902 (auth. issue $50,000,000), $3,932,000 are re $1,100,000
for 20 yoars; thereafter $1,200,000. V. 73, p. 722; V. 74, p. 1251.
served to retire General 6s. V.87.
1604, 1603; V. 88, p. 100, 374: V. 95, p.1402.
Pref. stock has no voting power. V. 74, p. 528, 829.
V.92. p. 394; V. 93 p 1668- V.97. P- 1425: V.98, p. 235. 452; V. 104, p.802.
D IVIDEN DS.— /1904. 1905. 1906. 1907-T0. ’ l l . T 2-T5. T 6. T 7.
Of the 1st & Ret bonds of 1912 ($200,000,000 auth. issue), with Interest
5
5
5
8
11 y ly 1JH
13
not to exceed 5% $50,000,000 are reserved to refund existing bonds, Common . . . ___ % ( 2
Dividends on common stock semi-annually (J. & D .), 3 % . and in Dec.
#50.000,000 for additions and improvementsi to tho Belt division, including
Chicago Union Transfer Ity.. for $4,400,000. and $100,000,000 for now 1916 and Juno and Dec. 1917, 3 K % extra. V. 103. p. 1980- Majority
terminals and other improvements. I hero are $22,250,000 of these out of common stock is owned by S. w . Construction C o., which in turn is
standing. $21,000,000 being pledged under the 1-yoar 6% notes of 1917 controlled by Ala. Great So. R lt., &c. V. 61, p. 26; V. 65, p. 1173.
(soo below) and $1 250 000 held In tho Interest of tho Belt Ry. No addi
EARN ING S.— 6 m os.,/1917..Gross, $6,738,334; net (after $1,785,129
tional First & ltcf. bonds can be Issued until tho aggregate annual rentals
July 1 to Dec. 31. \1916—Gross, 6,153,374; taxes),
2,133,515
payable above all oper expenses, taxes, <Scc., shall equal tho Interest, InANNUAL REPO RT.— For year ending June 30 1917. V. 105, P- 2089.
Year—
Gross.
Net.
Oth. Inc. Rentals, &c. Dies. Bal., Surp.
1916-17$12,466,859 $3,923,679 S i.281,023 $2,038,196 8511,370 $2,655,136
1915-16 11,060,439 3.087.015
524,131 2,360,815 451.570
798,762
9,422,252 2,241,689
366,403 2.142,379 451,570
14,143
Tho $15,000,000 one-year 6% collateral gold notes of 1917 aro a closed 1914-15
Dividends include yearly $122,670 (5%) on pref. a i^ in 1917 8388,700
Issue, secured by deposit of $21.000.000 First & Ref. 5s. A further $1,000,noto issuo was sold Sept. 1 1915 and oxtended ono year in 1917. V. 105, (13%) on the com. stock against $328,900 (11%) in 1915-16 and 1914-15.
— (V. 102, p. 1539; V. 103, p. 1977. 1980; V. 105, p. 2089, 2093.)
p. 176. 606.
Feb ., 1918. J
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v ia tio n s . & c „ s e e n o te s o n f i r s t p a g e]
M ile s
R oad
Cincinnati Inter-Terminal RR— 1st pref stir (see text) Text
76
Cincinnati Lebanon & North 1st con g KU.P * L---5S
29
D a yton Lob A Gin R R A T — 1 lrst M g call 105 ass d .
Cln A Musk Val—See Cleve Akron A Clnelnnatl Ry.
Cln New Orl & Texas Pac— Common stock.J3.000.000
Preferred stook (a&d) 6 % cumulative $3.000.W0—
Equip trusts Ser O due $50,000 s-a(V 92, p 1031) Bax
Equip trust Ser D due $90,000 -----------------------------C in c in n a t i N o rth e rn — Capital s tock ..........
206
1st M $3,000,000 gold.................- - - - - - 7Q-xC*“ £
Equip trusts due $43,000 ann Sept 17 to 25--k-c
"86
Cincinnati Richmond & Ft W— 1st m gold tat
Clarksburg Northern RR— 1st M g red V. 102. p. 1987
Clearf’ d A Mahoning— Stook 6% /e n t *1,000.W0 autt
26
First mortgage gold guaranteed B R & P -.U .x o « r
Cleveland Akron & Cln—Stook $12,000,000-------187
Olev Ak & Columbus gen M (now first) gold— — First consol, mtge $4,000.0001guaranteed p & 1 ena
gold sinking fund............... J not guaranteed.xc* } l87{
148
Oln A Mask Val 1st M $2,000,000 g gu • 1
Cleveland Cincinnati Chicago & St Louis— Com stock
Preferred stook 5% non-oum ulatlve—
173
0 I St L A C eon M drawn at 105 sink fund 1% -zo
Gen 1st M $10,000,000 g s f not drawn Ce.xo&r
391
01 Col C & I Gen cons M ($ 12.000,000) g— U s.xo A r
72
Indian & St I. 1st M In 3 sertes of $667.000--Us.*o
62
Olev Cln Chlo & St I. White Wat Val D v lstg-Ce.xo
45
Qpr A Col DIv (Col Spr A Cln) 1st M gold-.-Ce.xO
269
Cairo Division 1st M $5.000,000 gold
Ce.xo
194
St Louis Dlv coll tr gold ($727,000 In s f) .Ce xo&r
204
Clnoln Wab & Mloh Dlv first mtge g o ld .-.U s. to
1.021
Gen M 100 years for $50,000,000 gold------Ba.xo*A
1,021
44
Oh I A St L S L lst*M fa.OOO.OOO gol'd gU-Ce.xo»&
136
Springfield Dlv Hen held by Peoria & East B y ------Debentures ($10,000,000 authorized)i
Ser. " A " are J. A J.: ser. " B ." M. * S.. ser "O'."
y Includes $6,000 called, payable May 1 1918.
D a te
B onds
A m ount
O u ts ta n d in g
Par
V a lu e
1902
1914
$100
1,000
500 Ac
1911
1916
100
100
1,000
1,000
1901
1915
1871
1911
1893
1887
1900
1900
1898
$825,000
1,388,000
300.000
1.000
1,000
1,000
500
50
1,000
100
500 Ao
1.000
1,000
1,000
100
100
1880
1,000
1886 1.000 Ao
1,000
1884
1869
1,000
1,000
1890
1890
500 Ao
1.000
1890
1890 1.000 Ao
1,000
1891
1,000
1893
1,000
1893
1,000
1903
1890
1,000
1911
M.AN
r 'lw r iN M a t i NORTHERN R R .— (.See ALaps New York Central Lines.)
§ r r „ l 8i h
707 W 0°or the1 J3\000?0MC«tocIt
S E f f see V 101. P. 1713. Dlvs. Mar. 1910 and 1 9 li, 3% ; 1912
and fo'lS lH '% fl9 1 4 and l915. none; 1916 and 1917. 3% Mar. 1.
‘ l ° V i i e d 0U Dies.
Balance.
Operating Net (after ig 0thZ
operating
Income. Charges. _(3%)._ Surplus
mJ&lb $268‘,622
SUJ09 947 $527472
$16,924 $185,474 $90,000
90.000
100.675
---------m l " " " " : : : : i;628.’64i 352.212
11.224 172.761 90
—
— (VJ 104, p. 763, 1591.)
CINCINNATI RICHMOND & FORT WAYNE RR.— Owns from Rich
mond, Ind., to Adams. Tnd . 86 m.: leases 5 m. of P. Ft. W A C
Now op
ia t e d (Jan 1915) by Grand Rapids & Indiana R y. Rental, net earnings.
!n t to guaranteed by the Pennsylvania Co. and Pitts. Cln. Chlo. A St L Co.
lolntlvithe P C C. & St. L. taking the place of the Cln. Ham. A Dayton
to 1888). Stook. $2,186,600 (par $50); Penn. Co. owns $1,277,000.
m Vear endina Dec. 31— Gross.
Net.
In t.,& c.
Bal.. Sur.
year ending uec. o i
s920,636
$237,250
$190,980
$46,270
Calendar
.........827.262
198,330
188.540
9.790
n PAPFIFI D A MAHON I NO R Y .— (See Map Buf. Roch. <fe Pitts.)—
Ownsro^L completed in 1893. from Du Bols Jet., Pa., on Buf. R . & P.. to
Oliarfleld on Beecn Creek R R .. 26 miles. Leased during corporate existence
and renewalsthereof to Bullalo Rochester A Pittsburgh— which see— at a
rental payable In gold and equal to 6% on SI,000,000 stook, par $50, and 5%
on bonds, the latter being guar., p. & 1.. by endorsement. (V . 89, p. 1141.)
CLEAR LAKE R R . (CAL.).— V. 105, p. 2271; V . 98. p. 1693.
CLEVELAND AKRON & CINCINNATI RY.— (See Maps of Pennsyl
vaniaRR.)— Owns from Hudson, O . to Columbus. O.. 144 miles; Klllbuok
fcn Trlnway. 34 m.; Morrow to Trlnway, 148 m.; Apple Creek branoh, 9 in.;
total owned. 335 m. Owns a fourth Interest to Akron A Barberton Belt
RR 24 m. and half Interest In Zanesville Term R R ., 5 m. V. 76. p. 435.
A'consolidation July 1 1911. Pennsylvania Company owns $7,498,488
or the $7,500,000 outstanding stock.
Operated by Pennsylvania UR:
under arrangement terminable on 6 months’ notice, the net earnings to
go to O. A. & O. V. 93. P. 1669. First dlv., 2% , paid Sept. 25 1911;
to 1912. 6% (M .AS.); 1913, March, 3% ; 1914 & 1915, none; 1916, Dec., 4% .
Of Cleveland Ak. A Col. 1st Consol, gold 4s of 1940 (Commercial Tr. Co.,
Phlla trustee). $1,023,000 are guar., p. & I., by the Penn. Company.
V 71 " d 390; V. 76, p. 653; V. 77, p. 1746, 2280.
'pVnn Co also guarantees Cln. * Musk. Val. bonds: see form. V. 76, P.
Car trusts Dec. 31 1916. $7,829. In 1916, gross. $4,930,617; net.
*002 969- other Income, $41,065; charges. $383,821; dividends, $300,000;
bal sur.’, $2G 0,214.-(V . 96. p. 1364. 1697; V. 98. p. 522.)
r'i PV FLAN D CINCINNATI CHICAGO & 5T. LOUIS RY.— (See Maps
'central Lines.)— ROAD.— Radiates from Indianapolis, Ind.,
westerly to Chicago, Peoria, Cairo, 111., St. Louis, easterly to Sandusky,
aieveland Columbus and Cincinnati. 0 „ and southerly to Louisville. ,
riinnn/1 HlTPCtll/—
*“*
AlllCS.
AXilSS
C l e v X b O.. to Sprtogrield, 0 - 1 8 3 Saline Valley R
y
.
5
Gallon O., to Indianapolis--------- 203 Cincinnati Sandusky <Se Cleve. R R .—
Sandusky, O., to Day’n, O.. Ao.170
Springfield to Indianapolis........... 137
Trackage Into Cincinnati, Ao.
65
Delaware to Springfield........ —
50
62
Cincinnati to Lafayette................. l<u Trackage into Jeffersonville___
Trackage
Into
Toledo
(V.
79,
p.
Harrison Branch-------------------------1023. 2696).............................
47
Cairo to Danville—- s r - j - - - , - ---Indianapolis to East St. Louis— 249
Total Included In earnings..2,387
Hillsboro to Lenox. — — ............... 06
(Double track 538 miles.)
Dayton to Ludlow Grove------— 47
other
________ - - - - - - oo
Leased—(x entire st^k owned)—
Operated; earnings kept separate—
Olnolnnatl Lafayette A Cblo. Ry ot Cincinnati Northern.....................*206
Kankakee & Seneca R R ...........
42
White Water—Harrison, Ind., to
Mt. Gilead Short Line________
2
Hagerstown, Ind - - - - -
Loulsv. A Jeffersonv. B ridge..
*4
Cincinnati Wabash & Mich. R y.—
Benton liar, to Rushv., Ind.x204
Total of system Dec 31 '10.-2,641
Leased and Controlled—
111. Cent. Into Chio.l
Peoria 3c Eastern Ry-“ "t «„ tii om Trackage
On percentage basis_______ j
56
Springfield, O., to P?kln, 111-201
Operates Independently—
Vernon Greensb. & Rushv. KB.
47
Rushvllle to N o. Vernon. Ind- 44 Dayton A Union R R .*...............
•See this company
Evansville M t. O. A Nor. R y -— 33
HISTORY A o __A consolidation of the Cincinnati Indianapolis St. Louis
A China™ Rail wav Co., the Cleveland Columbus Cincinnati A Indianapolis
Rallwav’ Co -ind the Indianapolis A St. Louis Railway Co., made In July
1889 per plan in V. 48, p. 427. Of the com. stock. $30,207,700 was on Dec.
31 loFe ow2S<l by N. Y . Cent. UR. V . 72. P-. 86;_V._82. p.,749. 191213 purchased .subsidiaries (V. 95, P. 418, 890, 1472; V. 97, p. 1114, 1821
The company Is also ono-elghth owner of Peoria A Pekin Union R
(through the Peor A East. R y .). ono-flfteenth owner In Terminal RI
Association of St Louis, and two-fifths owner of Indlanap. Union R y., and
part owner of Cent. Indiana R y.. Cent. Union Depot A Ry. of Cincinnati
Union Depot of Columbus. Dayton Union Ry Dayton A Union R R .. Mun
clo Bolt Ity., operated independent y. Shareholders voted Doc. 4 1910 to
purchaso tho control of Saline Valley R y. and Evansville M t. Carmol &
Northern R y. V* 103, P* 1888, 2155.
17.
*DIVS. ) '01. ’02 to ’07.’08. ’09. ’ 10. ’l l . '12. '13. 14-’ 15. '16.
0
0
............
Com
f 3 ’A
4 yearly 1 2
2
0
0
3H
0
214 text
Pref__ %J 5
5 yearly 5 o
5
5
5
Dividends on pref. stock July 1916 to Jan. 1918. 1 X % <iuar. (5% P-.r<*•)•
BONDS.__St I ouis Division bonds, see deed of trust, V. 52, p. 42-45.
The 100-year mortgage is limited to $50,000,000. On Dec 31 1014
$17,090,000 Gen -is were reserved for prior liens (exclusive of Cairo division,
Peoria Division, Michigan Division and the St. Louis Division west of Terre
Haute). and the balance for equipment, construction and betterments, A c..
*1.000.000 yearly! See V. 79. p. 733; V. 83. p. 379; V. 87. p. 1010; V. 90.
41
R A ILW A Y STOCKS A N D BONDS
R a te
%
4
4g
6g
2.990.000 13!nl917
2,453,400 5 In 1917
350.000
4X
1.530.000
4 >4 g
See
3.000.
000 text
4
1.000. 000
5g
344.000
7g
1.800.000
5g
321.000
6
900,000
5 g
650.000
7.500.000
1.800.000
6g
4g
1.023.000
4g
511.000
4g
1.684.000
47,056,300
10,000,000
6
y578.000
4g
6.771.000
6g
3.205.000
7
2,000.000
4g
650.000
1,103,600
4g
5.000.
0004 g
9.216.000
4g
4g
4.000. 000
4g
28,579,000
5g
4.161.000
3.000.
0004 g
5.000.
0004
5.000.
0004Hg
W h en
P a y a b le
F A
M A
M A
L a s t D iv id e n d
an d M a tu rity
A
N
S
P la c e s W h e r e I n te r e s t a n d
D iv id e n d s a r e P a y a b le
Cincinnati
.
Penn R R Co, N Y
5th-3d Nat Bk. Otoclnn
121917 6 H Cincinnati
do
" 1917 I X
8-M ay'21 Bankers Trust Co "
Guaranty Trust Co. N Y
N Y . Grand Central Ter’l
Guaranty Trust Co. N Y
Commercial Tr Co Phlla
Winslow,LanlerACo..N Y
Un Tr A Dep Co, Parkersb
1 1945
Cheeks mailed
36 Wall Street.New York
4% Treasurer, Pittsburgh,Pa
Wlnslow.LanlerACo.N Y
do
do
do
do
Penna R R Oo, New York
Treas office. New York
do
do
do
do
do
do
do
da
1 1934
do
do
do
do
J
do
do
S
do
do
J ___ 1 1939
do
do
N Nov 11990
do
do
J July 1 1991
do
do
D June 11993
do
do
D June 11993
Treas.
office,
New
York
O Apr 1 1953
1 Apr 1 1940
Treas office. New York
J Jan 1 1931
D Dec
J A
Q— M ~
MAN 1 5
J A D
March
J A J
M A H
J A D
A A O
J A J
J A J
See text
M A S
F A A
F A A
F A A
M A S
Q— J
M A N
Q—
J & J
" x ”
J A
M A
J A
M A
J A
J A
J A
A A
March
J A
1118; V. 97. p. 1114: V. 98. p. 1459: V . 101. P- 2144.
P. 626. 1044: V. 94.
iJuarT’
Ind '&
Louis »norr
Short Line
Line Ky.^ De“
and
Guar. Chic.’
Chic, ind
ot sSt.
t. Lotus
e.Vt.^
'TRIn
o d.i wRy. MSnSpringfield Union Depot Co. bonds. V. 77. P- 510. 617, 769, l o 6o. ztov.
V. 78, p. 1906. 1961; V. 79. p.2589; V. 95. p. 1541.
—
As to tho $9,650,181 4s sold May 1910. payable In francs, and 310.000,000
4X 8 sold In June 1911, see V, 89, p. 720, 778, 1141. V. 90, p. 1-38, 1296,
1424, 1554; V. 91, p. 1710; V. 92. p. 1700.
_ Q- „ RQn
Guarantees Evansv. M t. Carmel & Northern R y. bonds. V. 95, p. 890.
Guarantees Jointly with other roads Gen. & Ref. bonds of Indianapolis
Union R y ., which see- V. 100, p .5 5 5 .
v „ ,i/
r (n«i
Jointly with five other roads covenants ^ pay New York Central Lines
$71,494,000 equipment trusts of 1907, $1,480,139: 1910, $ 1.o97,007, 1912.
$1,598,902; 1913, $1,284,071. V. 85. p. 1401; V. 86, p. 168; V. 88. p.
76Equl'pn?en^’trusts of'l9d7?none sold to Feb. 15 1918: see V. 105, p. 72.
GENERAL FINANCES.— Capital stock Per mile of road owned, dlrectly or through proprietary cos., Dec. 31 1916, $31,454, bonded debt,
$55,451
Prof. divs. resumed in 1916.
vi'xionths^-' Gross
Net.
Other Inc. Deductions. Surnlus.
1 9 1 7 ...............$48,406,492 $11,081,353 $1,581,123 *7,736,456 $4,926,020
1 9 1 0 ________ 42,720,082 12,654,491 1,319,728 6,342,902 7,631,317
R E PO RT.— For 1916 (Incl. Peoria & Eastern R y .), V. 104, p. 1602,1794Year ending Dec. 31—
191§ ’oo7
191o ’qq*
2 381
& a r e r^ u e i : : : : : : : : : : : : : : : : : s 4 6 . 6 j S
W i& m
Gross corporate Income__________ $15,061,345 $10,448,938
$571,041
$571,041
Mi
Rentals o f leased lines........................
5.089,110
Interest on bonds, &c_______________ 4,798,088
556,184
519,461
Hire o f equipment, incl. Interest_____
704,150
747,679
Other rents_______________________
207,525
300,169
Miscellaneous_____________________
750,000
Equipment depreciation account-------------Dividends on preferred__________ (3H %)374,944
$5,811,928
$575,901
4,632,909
1.706,712
755,126
114,968
---------
Balance, surplus or deficit______sur.$6,999,964 sr$3,320,929df$l ,973,687
OFFICERS.— Pres., A. H. Smith; Vice-Presidents, A. H. Harris, W. K .
Vanderbilt Jr.. Abraham T . Hardin and Hairy A. Worcester; Sec., Dwight
W. Pardee; Treas., Milton S. Barger, N. Y.
W
Directors.— William K. Vanderbilt, Wm. K . Vanderbilt Jr., Fred k W.
Vanderbilt. Chauncoy M . Depew, Alfred II. Smith. Geo. F. Baker, W m.
Rockefeller, Wm. H. Newman. H. S. Vanderbilt, R. S. Lovett, Walter P.
Bliss. W. C. Brown. New York; Frank J. Jf3^nio.C levelan d;L eonard J .
Hackney, Harry A. Worcester, Cincinnati.— (V. 105, p. <2, 2365, V. 106.
P cY f v f i AND & MAHONING VALLEY RY.— Owns from Cleveland. O.,
to Penn. State line, 81 m. (77 double track); Niles, O., to Lisbon, O.
36 m "Girard to Youngstown, O., 6 m. Leased to Nypano EB.^formerly
N. Y*." l’onn. & Ohio) under new lease dated 1917; rental, *55P ’9o>J’i m 7h ^
additional amount contingent. The shareholders voted hob. 23 1917 (a)
to issue $2,851,800 pref. (a. & d.) stock for impts., elimination ot grade
crossings, &c. (none issued to Oct. 15 1917); (6) to make a modified lease for
999 years from Mar. 9 1917. during the corporate existence and iall «exten
sions thereof, to the Nypano RR. C o., a subsidiary of the Erie Railroad
Co. V. 104. p. 163. Coup. tot. Is J. & J-, registered tot., Q.-J. Stock is
$3,259,200. o f which $3,258,400 Is held by ^ t la n t lc Flrat Leased Lines
Rental Trust C o., Limited.” o f London. Dividends In 1906 to 1911.
11.40%: 1912, 8 X % : 1913, 11.20%: 1914. 11.25%, 1915. 11.40%. 1916.
11%.— (V. 63, p. 968: V. 104. p. 163, 1489, 1701.)
r i P V P I AND & PITTSBURGH RR.— (See Map Pennsylvania R R .)—
Cleveland. O.. to Rochester, Pa., 122 miles; branches: Bayard. O., to Ros
well, O.. 38 m.; Yellow Creek to Bellaire. 43 m.-, branches tc'Denver and
Valley Jet., 2 m.; trackage, Rochester to Pittsb. (P. Ft. W . & Chic.), *.6
m.: other trackage, 23 m.; total, 255 miles.
_
, . „
1
LEASE.— Leased for 999 years 1871 to Penn. R R . Co. and since Jan. 1
1918 operated directly by that company. Rental, dlvs. on stock, tat. ra
bonds and organization expenses. "Special guaranteed be^ c r|Plf?5
(subordinate to the original stock as to dlvldends only) . with dlvldendso
4% guar, by the Penn. R R .. Is Issuable for Impts. V. 79. p. 2205, 2b42;
v /0R3 n 625" V 85 d . 1082; V. 87, o. 812; V. 91, p. 1446, V_93, p. 1<»5|
V.' 96.’ p.‘ 135;’ V.'97. pP. 1425; V. 98, p. 999: V. 100, p.
guaranteed 4% stock, Penn. Co. owned on Dec. 31 1916 $5,472,850.
V. 101, p. 1464, 448; V. 92. p. 1031, 1108.
BONDS.— Generals are all equally secured; guaranty, V. 56, p. 6U4.
EARNINGS.— In 1916. gross, $14,751,629, net, $4,444,164; profit to
lessee, $2,600,735 — (V . 105. p. 606. 2093; V. 106. p. 29o.)
Cl PVPI AND (OHIO) TERMINAL CO.— In Dec. 1917 applied to
Ohio 1>. U. Commission for authority to Issue $2,500,000 First Mtge. 6 /o
25-year bonds and also to Issue $500,000 in stock for the purchase o. land
in Cleveland for terminal facilities. V. 105, p. 2001-— (*• 101, P- 1552.)
COAI & COKE R Y .— Owns from Elkins, W . Va., to Charleston, W . Va.
175.6 miles; Mablo to Belltagton, 16.1 m .; branch, Gassaway to Sutton.
6.5 m.; total, 198.2 miles. About 100.000 acres of coal lands are owned.
In Fell. 1917 control was sold to New York interests, bee officers below.
Stock, common. $10,000,000. o f which SI,039,100 hps been acquked and
held In the treasury; 5% pref., $ 10,000,000 authorized Oct. 1907. of which
$8 8S 1,800 Issued to purchaso SO.300,000 bonds and settlement of other
del,Is; bonds reduced to $5,000,000 of which $941,000 In ttrasury. V. 85.
i) 1005. M ortgage covers road and coal lands. ''• J 8. P .4 7 . Koans ana
Eills payable D m . 31 1916. $1,703,027; car trusts. $30.o6o.
RAILROAD) EARNINGS.— 11917 Grass, S I,185,113; net (aft. $<9,422
11 mos., Jan. 1 to Nov. 30. \1916 Gross, l,0o4,126; rents), 148,864
REPO RT.— Yr. end. Doc. 31 1916 showed: Gross, $1,150,430". not, $239,*
RQR- nthftr income. S263.627: Int.. taxes. A c.. $372,856; bal., sur., $130,366-
42
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
{For abbreviations, &c., see notes on first pays]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
IVol . 106.
Rate
%
When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable
___ 1910 500$frAo $9,650,181
Cleve Cine Chic & St Louis (Concl) — Debentures____
4
J A D June 1 1930
Morgan,
IlarjesACo, Paris
Big Four Ry equip trust due $373,000 yearly O.c*
__ 1914 1,000 Ac
4,476,000
J A D To June 1929
6
Guaranty Trust Co N Y
__ 1915
do do equip (rusts g guar due $115,000 yearly
1,000
1.380.000
J & J July 1918-1929 Comm Tr Co, Philadel’ la
5g
no do equip trust due $237,000 yearly____c*Q
__ 1917
1,000 NoneFeb’ 18
J & D T o June 1927
5
Guaranty Tr. Co. N . Y .
Central Grain Elevator 1st M assumed_________
1905-6
212.000
5
M A N Various
Obligations of Proprietary Lines.
Cincinnati Sandusky & Cleveland— Preferred stock.
50
428,997
0
M A N Nov 1 1917 3% Treas office, New York
Consol (now first) mtge J3.000.000 gold.._AB.zo
1,000 2,571,000
17C 1888
5 g .1 A J Jan 1 1928
do
do
Central Indiana 1st M (guar
o f $1,500.000)-Ce.xf
1,000
750,000
118 1903
4 g M A N May 1 1953
Central Trust Co, N Y
Kvansv M t Car & No 1st M $5,000,000 gu a.xc*A r*
2,118,000
4K g J A J July 1 1960
(All owned by Big Four)
- - - 1910
Louisville & Jeffersonville Bridge 1st M— See thatCo
Indlanap Un Ry Gen & Ref M $10,000,000 See text
See text
Cleveland Columbus Cincinnati A Indianapolis— Cleve and I adiana polls St Louis & Chi cago— Se e Clevela nd Cincinnati C hloago A St Louis
Cleve Lorain & W heeling— See Baltimore & Ohio
Cleve & M V— Prof stk 4 H % cum ($2,851,800 auth)
50 N’n eO ct’ 17
A A O New— see text
4H
Cons M (now 1st) $3,000,000 g ................... Ce.xc&r
123 1888 l.OOOAo 2,936.000
5 g See text. Jan 1 1938
Winslow, Lan A Co.,N Y
Cleve & Mar— See Toledo Columbus & Ohio Riv. Ry.
Cleve & Pittsburgh—Stock 7% guar by Penn R R Co
50 11.228,300
Q— M M ar 1 1918 l*A Winslow, Lan A Co. N Y
7
__ ____
Stock 10% guaranteed by Penn RR C o__________
50
9,450
10
Q— M Mar 1 1918 2H
do
do
Special betterment stock J28.738.135 authguar4%
50 17,369,450
4
Q— M Mar 1 1918 1%
do
do
Gen M $10,000,000 gold..FlSeries A A B_____xo* 205 H 1892
1,000 4,561,000
4M g
Mar-Oot 1942
do
do
X
Guaranteed prln and lntlSerles C & D ____ xo* 205 H '98-00
1,000 3,980.000
3H g
1948-1950
T
(endorsed) Penn RR__JSerIes B int reduoed.x 205 H 1892
1,000
349.000
3K g A A O Oct 1 1942
do
do
Cleveland Short Line— See New York Central R R
wleveland Terminal & Valley— See Baltimore A Ohio.
Coal & Coke— First mortgage $5,000,000 gold____x._
197 1904
1,000 4,059,000
5 g A A 0 Apr 1 1919
Elkins, W Va, or Balto
Coal & Iron— See Western Maryland. Coal River Ry — See 3hesap cake A O hlo.
Colebrookdale— 1st M $593,400 und Read M ot 1897.0
100 Ac
13 1868
600,000
J A D Ovordue
0
Reading Terminal, Phlla
C oIoradoM idlandRR— Incomobonds7%cum(sae text)
2,000.000
Colorado & Southern— Common stock $31.000.000..
100 31,000,000
Deo 31 1912 l
Office 2ft TJherty
Y
Flrst preferred 4% non-cumulatlve $8,500,000___
100 8.500.000
A A O Oct 1 1917 2%
do
do
__ 1882
Second preferred 4% non-cumulatlve $8,500,000..
100 8,500,000
A A O Oct 1 1917 2%
do
do
Hrst mortgage gold $20,000,000.................Eq.zo* 1,038| 1898
1,000 19,402,000
K A A Feb 1 1929
4g
do
do
Ref A Ext M $100,000,000 gold red 101 ..C e.xc* Ar* Text 1905
100 Ao 30.803,900
4M g M A N May 1 1935
do
do
Lines Controlled by Ownership of Practically Entire Capita l Stock
Ft Worth A Denver City 1st mortgage gold.B a.zc*
1,000 8,176.000
D Dec 1 1921
454 1881
6g J
Offlco, 26 Liberty St, NY
Eq tr Ser O $56,000 s-a rod aft M ay ’20 102H - FP
__ 1915
1,000
896,000
M A N May 1 1925
Fidelity Trust Co. Phila
4H
Ft W A Denv Ter Ry IstM $2,500,000 call 105 Baxc
__ 1907
1,000
300,000
J A D Dec 1 1937
6
Offlco. 26 Liberty St. N Y
Col Spgs & Crip Cr D Ry— 1st M $2,000,000 gsfCez
1,000
1.299.000
74 1900
5 g J <& .1 Jan 1 1930
Chem Bk, N Y , A Col Sp
first consol mortgage $3,600,000 gold-.G .xc& r
__ 1902
1,000 1.379,000
A A O Oct 1 1942
5g
Nat’l City Bank, N Y
X Series " A ,” J A J; " B ” A * O. v “ C” . M * N: “ D.” F A A.
Pres. Chas. D. Norton (V.-Prcs. 1st Nat. Bk., N . Y . City); V.-Pres.
Edward D. Kenna, New York; Sec.-Treas., A. II. Crane, Washington.
D. C. Among the directors aro: Edward D. Kenna. Edward E. Loomis.
Pres. Lehigh Valley R R ., and John L. Kommerer o f Whitney & Kemmerer.
leading coal dealers, all of New York.— (V. 104, p. 663; V. 105, p. 497.)
. COLEBROOKDALE RR.— Pottstown to Barto, Pa., 12.81 miles. Leased
to Pblla. A Reading R y. Common stock, $297,215: par, $50.
COLORADO KANSAS & OKLAHOMA R R .— (V. 106, p. 85, 374.)
. (THE) COLORADO MIDLAND R R .— Owns from Colorado Springs
to New Castle, Col., through Busk-Ivanhoo tunnel, 221.92 miles; branchs,
Basalt to Aspen, 19.37 m.; Cardiff to Spring Gulch, 15.01 m.; Arkansas Jet.
to Leadvillo, 4.80 m.; total owned, 261.10 miles. Leases Rio Grande Jet.
R y., Rifle Creek to end R. G. J. Ry., 62.08 m.; trackage to Rifle Creek,
o ' ’, , , , , m ' :
337.64 miles. Improvement proposed, Include an
8-mile link connecting the Uintah RR. at Mack, Colo., with tho?Grand
River Valley RR. at Frluta. The Uintah line taps asphaltum and gilsonIte deposits in the Book Cliff Mtns., near Dragon, Utah. V. 104,ip..234.
ORGANIZATION.— Successor June l 1917 o f the Colorado Midland
1224, 1226), sold under foreclosure of 1st M . April 21
1917 to A. E. Carlton and associates o f Colorado Springs, for $1,425,000;
M ay 11- _V. 104, p. 1701. 2010, 2342.
CAPITALIZATION .— On Juno 1 1917, on taking possession, tho "com*
pany auth. and issued $8,000,000 common stock and $2,000,000 7 % cum.
i
nnr?m0Ii aPd $(,425,000 prof, being issued to acquiro tho property
and $575,000 pref. for cash. Before any dividends on common aro paid.
an,,eiJ}la^ a'uount was to bo placed in the sinking fund for retirement an can
cellation of preferred. On Juno 5 1917 there was no indebtedness, either
on road, equipment or any other property of the company. V. 104, p. 2342.
Late in 1917 or early in Jan. 1918 the $2,000,000 prof, stock was retired
and there were issued in lieu thereof $2,000,000 7 % income bonds said to
have participating rights with common stock. V. 105. p. 2183.
E A R _ N IN G S .-n mos., (1917-G ross. $1,473,290; Not(aft. df.$44,866
Jan. 1 to N ov. 30.
(1916--Gross, 1,540,438; rents)
sr.54.078
Year—
Gross.
Total Net. I Year.
Gross.
Total Net.
19 15-16......... $1,516,758
$97,423 1913-14 _____ $1,761,981
$56,113
1914-15___ ——1,698,780_
173,02011912-13 ......... 1,828,335
180,666
w ^ I5 ? CTClRS,'— A - E - Carlton, Spencer Penrose, Charles M .’ M acNeill,
E. P. Shove. Irving Howbert, C. C. Ilamlin and Charles L. Tutt o f Colorado
SPrAngs; Ao V. Hunter o f Leadvillo; C. C. Parks, Charles Boettcher (Pres.
° ‘ P ? 5 VV,&
Lake R R -), A. G. Minor and Gerald Hughes of Denver'
and W . E. Moyer, Grand Junction, Colo.
Jl.CFBICERS.— Pres., A. E. Carlton; Chairman, Spencer Penrose; First
Vice-Pres., Charles M . MacNoill, all o f Colorado Springs; Sec., Leslie G
Carlton and Treas., A. S. Gill, Colorado Springs. (V. 105. p. 2183.)
COLORADO & SOUTHERN R Y .— Company operates a system from
Guernsey, Wyoming, through Colorado to Fort Worth, Galveston, Hous
ton, Dallas, Ac. Total Dec. 31 1916, 1,833 miles, viz.: (*which see)
Lines operated—
1.102 Miles.
Controlled—
731 Miles.
Denver,Colo., to W e n d o v e r... 249 Denver A Interurban R R ............. 20
Denver, C ol.,to Texas StateLine.347 Fort Worth & Denver City_____ *454
Denver, Col., to Leadvllle, Col--152 Wichita Valley R y ______________ *52
Denver, Col., to Sliver Plume.Cel. 55 Wichita Falls A Oklahoma_______ 23
Other lines, branches, Ac. (84
Wichita Valley R R ______________ 61
narrow gauge)________________299 Abilene A Northern______________39
Stamf.^A N.W ^Ry.(V.89, p.1281) 82
Leases Colorado Springs A Cripple Creek
*' Dist. R
T>y., “74' miles
"es (owned) to
Cripple Creek Central Ry. V. 94. p. 123. As to Colorado M
Midland, see
that company.
In April 1906 acquired a one-half interest in the Trinity & Brazos Valley
R y., owning a line from Cleburne to Houston, T ex .,236 miles, with branch to
Waxahatchie, 67 miles. In Dec. 1916 brought suit against Ch. R. I. &
Pac. Ry . to compel payment o f latter’s share ($5,889,718) o f cost o f building
& B. V Ry.; also o f other items. V. 103, p. 2428. See that co.
___
____ _____ fcqn,,,
and V. 98. p. 1920. <
n
f
ON Reorganization Jan. 1899' V. 67? j>.'~748.*» In
V 8719p ^ 6 6 3 ° 16°04'°^U
88 ngt°158: G85D° 7 aCqulred *23*657*500 oommon
Owns a large majority of the corn, stock of Fort Worth & Denver City
R y., which see. Controls Denver & Interurban (Electric) Railway
which own^20 mHes.^nd^operatesSlmilesof Col. & Sou., electrified, under
DIVS.
.........................
’03. ’04.
’05. '06. ’07
•11-T5. 1916. 1917.
1st pref %
4
2
0
4
4 4 yrly 4
None Oct,2%
4
2d pref. ■%
-. . . . .
4 4 yrly 4
4
None ______
Common%
2 yrly 1
None
BONDS.— ist M „ see V. 68, p. 1027: V. 77. p. 2158: V. 87, p. 444, 1160.
The $100,000,000 Refunding bonds of 1905 were made Issuable as follows:
r or Refunding bonds and equipment obligations of system_____$36,850,000
ror betterments and Improvements, Including equipment, at tho
cum. yearly rate of $500 per mile of operated & controlled lines 15,000,000
ror reimbursement of the treasury of the company, Ao________ 2,500,000
ror acquisition of additional property (Including proper provi
sion for the cost of double-tracking parts of the main lines).. 45,650,000
' T“ e Refunding bonds are secured by a first lien on all the bonds and praoSofHjy. aU th? stock of the cos. owning about 706 miles of road. Including the
Wichita Valley lines and the Trinity & Brazos Valley Ry.; also, by dlreot
lien, subject to the first mortgage, on about 1,039 miles of road owned by
the Colorado A Southern and on the stock of subsidiary cos. whose bondi
? r!n ? ot
UI?,der the mortgage, owning 556 miles of read, maklna
1,604 additional miles, on which there are outstanding $30,S03,900 under
lying bonds; total thus covered, 2,304 miles, on which the total outstanding
funded debt, Including these bonds and all prior Hens, averaged $26,471
per mile. V. 80, p. 1791; V. 91, p. 462, 214; V. 93, p. 1021, • ■ . . . .
Of the Fort Worth & Denver Terminal bonds, $300,000 sold and $428,000
held by Ft. W. & D. O. Ry. V. 86, p. 52. 1100; V. 87, p. 949.
EARNING S.— Including Ft. Worth & Don. City and all affiliated lines.
11 months from f 1917------------Gross, $16,913,S81; Net (aft. $5,319,729
taxes)
4,950,030
Jan. 1 to Nov. 30(1916..............Gross, 14,824,725;
R E PO RT.— Report for 1916-17 at length, showing operations of system.
Including the Ft. Worth & Denver City and Col. Spr. & Crip. Cr. Dist.
R y., D en ver* Interurban R R ., Colorado R R ., Ft. W . & Donv. Term. Ry .
Wichita Val. (R R . and R y .), Abilene Sc Nor. Ry., Wichita Falls A Okla.
R y. and Stamford & Norw. Ry. in V. 104, p. 2445, 2458.
. , ,
— Years ending Dec. 31-------Years ending June 30—
(♦Slightly inaccurate.)
1916.
1915.
1915.
*1914.
Average miles-------------1,842
1,829
1,840
1,860
Total oper. revenues...$16,469,279 $14,745,665 $14,172,978 $13,222,737
Operating expenses------ 10,085,532 10,071,277 10,110,875
9,746.002
Oper. inc. (after tax.) $6,383,947
Total not Income______$6,347,780
Interest charges............... $2,861,164
Rents, A c.......................
475,389
Sinking funds_________
67,432
Add'ns A betterments .
280,220
Miscell. appropriations.
500,000
Dlv. on 1st pref. sto ck .. (2)170,000
Div. on 2d pref. s to ck ..
...........
$4,674,388
$4,575,975
$2,860,986
606,840
68.301
$4,062,103
$4,100,838
$2,847,880
637,808
61,383
$2,821,328
$3,711,731
$2,853,818
390,732
61.030
(2)$170,000
(2)170,000
Balance, sur.. for year $1,993,575 $1,039,848
$553,767
$65,885
■ OFFICERS.— Chairman. George B. Harris; Pres., Hale Holden, Chicago;
Sec. A Treas., B. F. James, Denver, Colo.; Asst. Sec. A Asst. Treas.. T . S.
Howland. Chicago, 111.— (V. 104, p. 1044, 2445, 2641; V. 105, p. 1103, 1208)
a COLORADO SPRINGS & CRIPPLE CREEK DISTRICT RY.— Colorado
Springs to Cripple Creek, Col., 47 m.; branch, Cameron to Victor. 5 m.;
other branches and spurs, 22 m.; total, 75 m.; of which 57 m. steam, 16 m.
steam and electric and 2 m. solely electric. In Jan. 1905 Colorado A
Southern acquired all the stock except $900 com. V. 80, p. 4 7 2 ,1111, 1423.
Leased to Cripple Creek Cent. Ry. system to May 1 1935. V. 94, p. 123.
Stock, all outstanding, com., $1,200,000; pref., 5% non-cum., $800,000.
Par of shares, $100 each. Div. 5% on pref., paid Feb. 1907. June 1908 and
Nov. 1 1909. On com., 2% , Sept. 1908. Sinking fund can retire first mtge.
bonds yearly at 110 for first 15 years, then at 107 ^ for 5 years, then 105 for
next 5 years, 102 H for 3 years, thereafter at par. V. 76, p. 345.
Pres., B. B. Greer.— (V. 88, p. 822; V. 94, p. 123; V. 105, p. 1898.)
(THE) COLORADO W YOM INd & EASTERN R Y — Owns from the
Union Pacific RR. at Laramie, W yo., to Coalraont, Colo., 111.35 miles*
where large coal fields are located. Incorporated In Wyoming June 2 1914*
Successor June 4 1914 of Laramie Hahn's Peak A PaciMc Ity.. foreclosed
May 12 and 13 per plan V. 98, p. 453; V. 98, p. 1766, 1S45.
Alexander J. Hemphill, Henry Sanderson and Trowbridge Callaway, as
voting trustees, will hold the new stock until all accrued Interest on tho
Income bonds shall have been paid and the current Interest paid regularly
ror 2 consecutive years, and for such further period not exceeding one year
as the trustees In their discretion may doom advisable, if lawful. Stock,
common, $2,300,000; prof. 6 % non-cum. $2,000,000, par $100.
EARNINGS.— 11 mos., (1917..........Gross, $161,363; Net(aft. $54,430
Jan. 1 to Nov. 30.
(1916...........Gross, 105,211; rents)
50,079
o COLUMBIA NEWBERRY & LAURENS R R .— Columbia to Laurens,
S. C., 75 m. Stock, $500,000. Bonds wore 6s, but reissued as 3s in 1900,
®or$wS\neri'Iflcates to amount of 40% of bonds being Issued. Bonds issued,
$899,000; in treasury July 1917, $11,000. At last accounts had also outstandlng $359,600 5% non-cum. certfs. for funded coupons and $56,453
Income notes, and on Doc. 31 1916 loans and bills, payablo, $40,000.
E A R N IN G S ^ -!! m os.,(1917----- Gross, $365,417; Net(aft. $87,981
Jan. 1 to Nov. 30.
(1916----- Gross. 323,162;
rents)
81,374
Year ending Dec. 31. Gross.
Net.
Oth. Inc. Charges.
Balance.
...............................$115M26 $4,368 $57,321 sur.$62.073
19i 6- - . V " . - - i - v r - v - 282.270
34,591
4,191 50,792 def. 12.010
President, J. F. Livingstone, Columbia, S. O.
..COLUMBUS & XENIA RR.— Owns from Columbus, O., to Xenia, O.
55 miles. Operated as a division of the Llttlo Miami, and Is leased for 99
years from Deo. 1869, In connection with that road, to the Pittsburgh Cin
cinnati Chicago & St. Louis, which pays 8% on stock. The lease Is guar
anteed by Pennsylvania R R . Co. Sinco Sept. 1913 the quarterly dlvs. In
Sept and Mar. have been 2 1-5%, making the yearly dlv. rate 8 2-5% .
— (V . 72, p. 532.)
CONCORD & MONTREAL RR.— From Nashua. N. H ., via Concord.
Plymouth, Ac., to Groveton and the White Mountains, 450 miles in all.
including Manchester A Keene, 30 m.; owned Jointly, 414 m.; 35 m. double
track. Owns Concord Street R y., 11 m.; also electric branch from Concord
to Manchester, N. II., 17 miles, and Nashua A Acton R R ., 20 miles (stock.
On June 29 1895 leased to Boston A Malno for 91 yoars at rental of 7%
per annum on all stock. In 1916 tho Boston A Maine was placed in re
ceivers hands, but In Feb. 1918 the bond Interest and dividends of this com
pany wore being paid as usual (without affirming or disaffirming lease).
See plan under B. A M .— (V. 104, p. 256, 1263.)
CONCORD & PORTSMOUTH RR.— Owns Portsmouth, N. H. to Man
N. H., 39.82 m. Leased to Concord RR. In 1802 for 99years; rental
$25,000; 7% on stock and org. exp. Operated by Boston A Maine.
_ CONNECTICUT A PASSUMP8IC RIVERS RR.— White River Jot., VC.
to Canada Line, 110 m.; leases 999 years Massawlppl Valley, 37 miles.
Owns all the stock ($350,000) of tho Newport A Uichford R R ., New
port, \ t., to Canadian lino, 21 miles, operated under Ieaso by Montreal
A Atlantic Ry. (Can. Pao. system), and guarantees its $350,000 1st 30-year
5% bonds dated Jan. 1 1911. V. 91, p. 916.
*
LEASE.— From Jan. I 1887 leased to the Boston A Lowell for 99 years
on a basis to pay C. A P. stock 5% till Jan. 1897 and 6% thereafter. In
April 1911 B. A M. received authority to purchase stock. V. 92, p 1108.
Feb .. 1918.1
R A ILW A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, <fcc., see notes on first page]
M iles
Road
Date
Bonds
Par
Value
Amount
Outstanding
Rale
%
43
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
SECURITIES.— Massawlpnl stook receives same dividends as stock o f
lessee and $400,000 of It (not Included In the amount outstanding) Is pledged
as part security for 4s of 1893. Of the $2,500,000 pref.. $700,000. as also
$100,000 Massawlppl Valley Ry. stock, was purchased Feb. 1 1910 by the
Vermont Valley, under Its option, at par.— (V. 106, p. 395.)
CONNECTICUT RIVER R R .— Owns from Springfield, Mass., to Ver*
mont Line at Brattleboro, 50.13 miles; branches, Chicopee Falls, 2.26 m .'
Easthampton, 3.26 m.; East Deerfield, 1.04 m.; Ashuolot, 21.66 m.; total;
88.15 miles. V. 95. p. 1200; V . 96, p. 1838. Controls Sullivan County R R .'
Bellows Falls to Windsor, Vt., 26 miles. V. 80. p. 1478; V. 81, p. 899, 1723
V. 94, p. 1626; V. 95, p. 679. In 1916 extension was granted on the 32,
450,000 1-yoar 6 % notes duo Juno 1-2 and also on tho $2,300,000 l-year 6 %
notos o f tho Vermont Valloy R y., duo Juno 1, guaranteed by tho Connecti
cut River Co., till Aug. 31. See B. & M . V. 102, p. 1986; V. 103, p. 239,
758. On Aug. 31 1916 following tho recolvorship of tho Boston & Maine,
Jamos II. flustls. President and roceivor of that road, was made rocoiver
o f tho Conn. RIvor R R ., tho notes remaining unpaid. V. 103, p. 843.
Dlv. of 5% , duo under leaso, was paid July 1 1917, also Jan. 1 1918, but
lnt. on bonds, while paid as rental, was not, until Feb. 1917, paid to bond
holders. Interest was then ordered paid until further notice both on bonds
and notos as and when received from receiver of B. & M . RR. In July 1917
tho Feb. 28 interest on $2,000,000 Conn. River notes was paid, and
on Nov. 1 1917 tho Aug. 31 Interest on these notes. V. 105, p. 180, 1522;
V. 104,p.257, 663, 763, 1387, 1591, 2451. Interest duo Fob. 28 1917 on
Vermont Valley notes was paid in Sept., and Aug. 31 interest Oct. 1 1917.
V. 105, p. 1310. Tho directors in Sept. 1917 formally approved the B. & M .
reorganization plan. Seo that company, V. 105, p. 1309.
LEASE.— Leased for 99 years from Jan. 1 1893 to the Boston A Maine,
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stook, payable directly to stockholders: also Interest on bonds and serin and
$2,000 for organization expenses. Richard Billings, Woodstock, Vt., Pres.;
Georgo R . Ycrrall, Clerk & Troas.. Springfield, Mass.— (V. 104, p. 663,
763. 1387, 1591, 2451; V. 105. p. 180, 1309, 1998.)
CONNECTING RY. (PHILADELPHIA) — Owns from Girard Ave. to
Frankford Phila., 0 m.; North Phila. to Chestnut Hill, 7 m.; branches,
Ac., 23 m.: total, 36 m. V.103, p.1508. Stock authorized. $5,800,000; out
standing, $4,116,650. of which $3,825,350 owned by Penn. R R . Dec. 31
1916, which operates road under lease assigned to that company by Phila.
& Trenton R R ., terminating Feb. 18 2862. Dividends 4% yearly (J. & D.).
In 1911 made a now 1st M . for $15,000,000, of which $7,000,000, guar., p. &
I., by Penn. R R ., have boon sold, $3,000,000 of these In Oct. 1916. V. 103,
p. 1508. V. 93. p. 229. 730; V. 98, p. 522, 610.— (V. 103, p. 1508.)
CONNELLSVILLE & MONONGAHELA R Y — Owns Moser Run Jet. to
Brownsville, Pa., 15.68 miles; branches and spurs, 10.70 m.; total track,
22.38 miles (connecting Penn, with Mononganela R y .). Incorporated In
Ponn. Mar. 11 1905. Leased to Penn. RR. until Jan. 1946 at rental equal
to 4% on cost of road, taxes, operating and maintenance charges, rental
being more than sufficient to pay interest charges and retire principal of
bonds through sink, fund at or before maturity. Sink. fd .. $25.000 yrly..
to call bonds in numorlcal order, but to be kept alive. V. 93. p. 407. Stock,
$700,000. Controlled by or in Interest of U. S. Steel Corporation. Pres..
W. II. Clingerman; Sec. and Treas., J. D. McCroery.— (V. 99, p. 406.)
COOPERSTOWN & CHARLOTTE VALLEY R R .— Entire $45,000
capital stock owned by Del. & Hudson Co., which also owns $307,400
(87%) o f the $350,000 stock o f Cooperstown & Susquehanna Valley R R .
Owns Charlotte Crossing to Davonport Contre, 3.96 m.; leases for 99 years
from Jan. 1 1889, Cooporstown & Susq. Valloy R R ., Cooperstown to Charlotto Crossing, with branch to Cooporstown Jet., 19.79 m ., guaranteeing
Interest on the latter’s $200,000 5% bonds. V. 97, p. 1503. Year ending
D o c -31 1916, gross, $49,455; oper. exp.& taxes, $67,053; loss from oper.,
$7,598; other income, $29,886; rentals. $12,288. Stock, $45,000, owned
by Del. & Iiud.— (V. 77, p. 88.)
COPPER RANGE RR.— Calumet, Mich., to Mass City, with branches,
total, 93 m.; sidetracks, 41 m. Leases Mohawk R lt. to Gay, 15.84
miles, with branches, Ac., 1.66 m. Stock, $4,244,300. of which $1,039,200
owned by Copper Range Co. Bondsflimlted to $20,000 per mile of main
lino and brauchos and $15,000 per mllo o f sidings. Dividend, 10%. paid
Nov. 1909 from accumulated surplus.
EARNINGS.— U m os.,/1917-.Gross, $882,476; not (after $147,693
Jan. 1 to Nov. 30.
\1916--Gross, 861,368;
rents),
230,273
Year ending Dec. 31 1916, gross, $930,606. against $811,347 In 1915;
not, after taxes $265,212, against $276,909. Pres., William A . Paine:
V .-P ., F . Ward Paine; Sec. & Treas...................... Boston.— (V. 106. p. 188.)
COPPER .RIVER & NORTHWESTERN RY.— Owns from Cordova
$4,817,400 stock and $23,020*.O'OOTstlvi? 5s
In Jan. 1916 paid a $565,000
c a
s h
7 ’ J 02- P-152. Stock auth., $5,000,000; par of shares,
$100. V. 99. p. 410. Year 1916, gross, $2.911.207 net, after taxes, $1,768,671.
Pres Stephen Birch; V.-Pres., Robt. W. Baxter; Treas., E. S. Pegram;
VeC1 0 6 'p E 395))inOtfc‘ 0frico- 120 B ’way.— (V. 102, p. 152, 1625, 1713;
^.^.Q^^W ALL ^ LEBANON R R .— Owns Lebanon, Pa., to Conewago,
21.66 m.; branches 4.78 rn. Pennsylvania R R . (V. 105, p. 181) on Dec. 31
1916 owned $800 000 stock. V. 98, p. 696; V. 96, p. 947. On Jan. 1 1917
.,\Vol
s
bonds I*1 fbe company’s treasury.
DIV1
90 - , 01- 02 t o '06. 0 7 .’0 8 .'0 9 .’ 10 to T2. ’ 13. ’ 14-15, ’ 16-’ 17.
P.CJ 4 4 X 5 5 X 6 yearly 8
7 8 10 y ’ly.
11
0
8 6
EA R N IN G S.— 6 mos., (1917................ Gross, $254,358; net, $56,708
Jan. 1 to Juno 30.
\1916................Gross, 250,399; net, 92,749
Year ending Dec. 31 1916, gross. $525,550; not, $197,561; other Income,
$5,783; lnt., taxes &c., $95,216; dlvs. (8 % ), $64,000; bal., sur., $44,128.
— (V. 102, p. 1540.)
“ COTTON BELT.” — Common name for St. Louis Southwestern Ry.
Q
►
“3
C olo Springs & Cripple Cr Dist R y — Soo Colo & So Ry
American Tr Co, Boston
$240,000
1904
$ 1,000
6 g J & J July 1 1929
Col Wyom & East— Lar. H. Pk & P 1st M g .A B .zc*
U 2 1914
550.000
Guaranty Trust Co, N Y
6 g J & J July 1934
100 Ac
1st & lief M $2,500,000 gold red 102X .........- ..........
112 1914
1,600,000 Up to 6
July 1 1944
100 Ac
Gen M (Income) $1,600,000 gold red par text------75 1887
Safe Dep A Tr Co, Balt
888.000 _ 3 8 J & J July 1 1937
1.000
Colum Newb & Laurens— 1st M $12,000 per m.SBaz
Columbia & Greenville—See Southern Ry— Columb us & X oledo—See Hook lng Valley Ry.
55
1,786.200 8*5 In T7 Q— M Moll 10 T 8 2 1-5 Treasurer, Columbus, O
50
Columbus & Xenia— Stock 8% rental_______________
71 1914
500.000
Met Trust Co, Boston
1,000
5
j
& J Jan 1 1944
Concord & Claremont (N H)— First mortgage------- zo
800.000
7
Checks mailed
100
Q—J Jan 1 1918
Concord 5: Montreal—Stock Class I (B G A AI p ref)-do
540.400
7
Q—J Jan 1 1918 XX
100
Stook Class II (0 C & M new)___________________
__
do
459.600
7
Q—J Jan 1 1918 X X
Stook Class III (B C A M old stock)_______________
100
__
do
7
Stock Class IV (Concord) (text)__________________
100 6,457.600
Q—J Jan 1 1918 X X
262 1890
Safe Dep A Tr Co, Boston
J A D June 1 1920
Conoord A Montreal cons M for $5,500,000-BB.zo*
4
1,000 5,500,000
Boston S D A Tr, Boston
1,050,000 3 X A 4 J A D June 1 1920
’97-99
Deben bonds cur. ($650,000 Is; $100,000 3 X s )-.zc*
1,000
__ ’09-14
do
do $500,000 3Hs; $200,000 5s......... z
do
do
673,000 3 X & 5 J & D June 1 1920
1,000
J & J July 1917 3 X % Manohester, N H
7
350,000
100
Concord & Portsmouth—Stook 7% rental 99 years.. 39.82
F & A Feb 1 1918 3% Safe Dep A Tr Co.Borton
6
100 2,500,000
Conn & Passumpsic— Pref stock 6% rental 99 yrs._o*
110 1893
do
do
1,900,000
4 g A & O Apr 1 1943
1,000
First mortgage $1,900,000 gold________________ zo*
F A A Feb 1918 3%
do
do
37
400,000
6
Massawlppl stook guar same dlv as Conn A Passump
100
21 1911
do
do
350.000
5 g J & J Jan 1 1941
1,000
Newport A Rlohford 1st M gold guar by C & P -zo*
J A J Jan 1 1918 5% Boston, Mass
10
88
100 3,233.300
Connecticut River—Stook $3,670,300 authorized-----4 g M A S Sept 1 1943
1893
1.000.000
1.000
Bonds not mortgage for $1,000,000 gold-------------zo
Jan 1917 int paid in Feb
1901
290,000
3 X J A J Jan 1 1921
1,000
Bonds not mortgage____________________________ z
J A J Jan 1 1923
Jan 1917 lnt paid in Feb
1903
969,000
1.000
do
do
3X
___________________________ z
___ 1915 1,000 &c
F & A31 Aug 31 1916
6
2,000,000
Augl917 int paid in July
Notes, extended 45days June 1916 (V. 103,p.758)-z
J & D Aug 31 1916
6
1915 1,000 &c
450,000
6% notes duo Juno 1 1916 extend to Aug 31 1916__ 1915 1,000 Ac
F & A31 Aug 31 1916
2,300,000
6
Augl917 int paid N ov’ 17
Vermont Valley R ll notes guar ext 45 days J’ne 1916
Treas Pa RR Co, Phila
36 1911
4 g M 15A S Mch 151951
1,000 7,000,000
Conn (Phila) — 1st M $15,000,000 guar p& 1 GP.kvc*
Union Tr Co, Pittsb, I a
675,000
1905
1.000
4 g M A S Sept 1 1930
Connellsville & Monong— 1st M g s f red par. UPi xc&r
M A N May 1 1918
Nat Bk Cooperst’ n N Y
5
100 Ac
200.000
Cooperstown & Susq Vail— 1st M $200,000 lnt guar.z 19 X 1888
2,280.000
Boston, Mass
1S99
500 Ac
5 g A A O Oct 1 1949
Copper Range— First mortgage gold (see text) - . . x Text
J P Morgan & Co, N Y
F A A Feb 1 1959
197 1909
1,000 23,020.000
5g
Copper River & Northwestern— 1st JJ $50,000,OOOGxc*
26
50
800,000
Dec 31 17 6%
Cornwall & Lebanon— Stock---------- - - - — •- - - do
do
26 1891
100 &o
613,700
A A 6 Apr 11921
4
100 2,500,000 6 in 1917 Q.-M . Mar 1 1918 I X Checks mailed
Cripple Creek Central— Common stock--------do
100 3.000,000 4 in 1917 O.-M. Mar 1 1918 1%
Preferred stock 4% non-cumulatlve------- -
Farmers' L A T Co, N Y
Deo 1 1925
41 1895
1,000
Midland Term flrst mtge gold sinking fund- -E.xo'
332,000
5g
Cuba Eastern—See Guantanamo A Western
CRIPPLE CREEK CENTRAL R Y .— Mileage Juno 30 1916:
M a in L.
Crip. Creek & Colo. Sprgs. R R . & leased lin es.. 71.40
Midland Term. R y. merged in above co. in
Aug. 1917 ........................................................... 29.40
Other.
Total.
39.94
111.34
15.59
44.99
Total mileage...................................- ........... 100.80
55.53
156.33
Reorganization (per plan In V .78,p. 2018; V. 77, p. 1542.) of the Denver
& Southwestern, foreclosed Oot. 4 1904. V. 79. p. 1461; V. 101, p. 1184.
STOCKS AND BONDS.— Com. stock, S2.500 000: 4% non-cum. pref.
stock. 53,000,000; par of shares, 5100. V. 82, p. 1156: V. 85, d . 1209.
D IV IS —’05. ’06. ’07. ’08. ’09. TO. ’ l l . T2. T3-15. 1916. 1917. 1918Com., % . . 3 7 X 6
0
0
0
0
3
4
15
6 lH q u Pref., % .. _ 4 4 4 4 4 4 4
4
4
4
4
4,
In Feb. 1916 an extra dividend of 10% was declared with the quarterly
1%, on common stock, both payable March 1. In'M ch. 1918 the common
dividend was 1 X % quarterly. V. 103, p. 493. V. 102, p. 521.
REPORT.— Year changed to Dec. 31 but no report will be issued for 1916.
Report for year ending Dec. 30 1917: Total net income of parent company
above all expenses, $62,821; dividend on pref. stock (4 % ), $120,000; com.
div. (6% ), $150,000. Pres., A. E. Carlton; Sec. & Treas., E. S. Hartwell.
Office, Colorado Springs.— (V. 105, p. 997; V. 106, p. 601.)
CUBA R R .— Owns from Santa Clara, Cuba, to Santiago de Cuba, 356
miles; branches. Zaza Jet. to Sancti Splrltus, 8 miles: Alto Cedro to the
Bay of Nipe, 31 m.; Ponupo branch, 11 in.; Jatibonico branch, 1 1 m. ;
Holguin branch, 11 m.; Manzanillo branch, 32X m. Bayamo extension,
141 m.; Fomento branch, 17 m. Total, 619 miles.
In Feb. 1918 construction was In progress on Fomento-Trlnidad-Casilda
branch, 39 miles; on Camaguey & Nuevitas RR. extension to new deep
water terminus on Bay of Nuevitas, 3 miles.
STOCK.— The Cuba Co. (V. 105, p. 1993) owns the outstanding $15,550,
000 common but only $1,000 pref. V. 98. p. 1766; V. 96. p. 236. 663.
------------------- --(% ) ----------- 1911
----i 5 12
1913 ’ 14 T5 T0 T7
DIVIDENDS
1909 1910
6
6
6
Preferred.....................I X
3X
4X
5X
6
6
6
6 none
Common (In cash)__ —
___
__
__
4
6
Also on com. in com. stock In 1916, Jan., 20%: June, 25% . V.103, p.752.
In 1917 the pref. shares received usual 6% (3% F.& A.)
On Feb. 1 1918 paid a scrip dividend of 3% on the pref. stock, redeemable
on Feb. 1 1921, or earlier at option of company, with 6% interest payable
annually Feb. 1. V. 106, p. 295.
BONDS, &C.— 1st M . bonds application to list, V. 86, p. 924; V. 88, p.
451; V. 89, p. 162; V. 91. p. 38, 1253. The 5% Improvt. & Equip, bonds
of 1910 are limited to $12,000 per mile (excl. sidings) owned; in July 1912
4.000.000 wore sold. V. 91. p. 588, 1253; V. 95 p. 175.
The company having purchased in Nov. 1915 the entire $2,000,000 cap.
stock of the Camaguey & Nuevitas R R . an issue of $3,000,000 5% gold
notes was made In the name of tho Fidelity Trust Co. of Phila.. trustee, to
finance the acquisitions. These notes are guaranteed, principal and inter
est, by Cuba R R . and are secured by all of said $2,000,000. These notes
were callable Nov. 15 1917 at 100X and lnt. V. 103, p. 938, 752. Loans
payable (as of June 30 1917), $2,475,000.
EARNINGS.— For 6 months ending Dec. 31:
Gross.
Net.
Oth. Inc.
Charges.
Balance.
1917............$4,551,515
$1,136,273
$7,924
$635,638
$508,559
1916______ 3,175,176
9-83.078
5.055
538,973
449.160
REPORT.— Year ending June 30 1917 was in V. 105, p. 1992, showing
income greatly curtailed by revolution early In 1917:
June 30.
Gross
Net
Interest Pref.Dies. Com.Divs. Balance,
Years— Earnings. Income.
Charges. (6% ).
(6 % ).
Surplus.
1916-17.-$6,452,108 $1,934,146 $1,140,715 $600,000
......... $193,817
1915-16-. 6,815.697 3,523,659
978,244 600,000 720,000 1,225,414
1914-15
5,206,714 2,727.540
853,856 600,000 600.000
673,684
Pres., Georgo II. Whlgham; V.-P. and M gr., Charles R. Hudson; V .-P .,
Arthur Coppell; Sec., Herbert C. Lakin; Treas., II. W. Snyder. Office,
83 Montgomery St.. Jersey City, N. J.; 52 William St., N. Y .— (V. 101,
p. 768, 1184, V. 103, p. 493, 752, 758, 938; V. 105. p. 715, 818. 1992;
V. 106, p. 601.)
C U M B E R L A N D & P E N N S Y L V A N I A R R . — Owns from Cumberland.
M d., to Piedmont. W. Va., and several branches, 51 miles. Owned by The
Consolidation Coal C o., which guarantees by endorsement the first mort
gage (V. 52, p. 390) and owns all the $1,500,000 stock. Car trust, see
V. 85, p. 1401. Cal. year 1916, gross, $777,432; net, $81,775: otherdneome.
$219,213; lnt., taxes, A c., $298,988; Dal., sur., none.— (V. 85, p. 1401.)
• C U M B E R L A N D R A I L W A Y & C O A L C O . — Owns road from Sprlnghlll
Jet. to Sprlnghlll Coal Mines, N. S., and Parrsboro on the Bay of Fundy,
32 miles; also coal acies, timber lands, Ac. The Dominion Steel Corpora
tion late In 1910 arranged to acquire the $1,000,000 stock, which has been
exchanged for $600,000 Dominion Steel common stock, the $979,000 6 %
bonds being exchanged for $1,167,000 5s guaranteed by Steel Corp. Issued
under a mtge. for $3,000,000 providing for future requirements. V. 91, p.
1629. 1766: V. 92. p. 186, 1435; V. 97, p. 1583 Leased to Dominion Coal
Co. Earnings included in report of lessee.— (V. 97, p. 1583.)
C U M BE RLA N D
R R . — Artemus to Wheeler, K y.,
10.2 miles, and
Lansford to Anchor, K y., 2.7 m.; total, 12.9 miles. Incorp In Kentucky
in 1902. Stock auth., $100,OOO: outstanding, $20,999; par, $100. Bonds
($3,000,000 auth. issue) outstanding June 30 1916, $1,028,000. Year end
ing June 30 1916, gross, $62,039: net, after taxes, $19,561; lnt., &c.. $29,735:
bal.. def., $8,993. Pres., R. W . Stone: Sec., J. L. Stone: Treas., A. J.
Hazoltlne; Auditor, A. O. Matheson. Office, Artemus, Ky.
D A Y T O N & M I C H I G A N R R . — Owns Dayton. O., to Toledo Juno., O . ;
141.15 m.; trackage Into Toledo, 1.15 m.
Leased May 1 1863 In perpetuity
to CIn. Ham. & Dayton. Lease modlfled June 23 1870. Rental Is mainte
nance of organization. Int. on bonds and 8% on pref. stock and 3 H % on
com. Guaranty on pref. Is secured by mtge. of 1871, but the pref. carries
no voting power. V. .56, p. 813. Mtge. of 1856 Is held alive under mtge. of
1881. V. 91, p. 1446: V. 92. p. 118. Status of stock and bonds Is undis
turbed by plan of 1916, by which B. & O. RR. took over possession, under
lease, along with main line of Cin. Ham. & Dayton,— (V. 92. p. 526.)
44
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, ifee., see notes on first page]
M ile s
R oad
D a te
B onds
Par
V a lu e
A m ount
O u ts ta n d in g
Cuba RR— Common stock $20,000,000________
$100
re erred stock 6% non-cumulatlve $10,000,000-. ’ . . .
100
First mtge gold $20,000 per mile_______ Ci.xo’ Ar*
602 1902 1,000 Ac
. . 1910
Impt A equip M g $12,000 per m ____________ Nxo*
$ A fr.
Three-year secured gold notes callable seo text FPc*
1915
1,000
Equipment trust certs., due 543,000 seml-ann_____
1914
1,000
do
due $28M&$27M s-an(V100,p.473).Us
1915
1,000
"
do
due $40,000 seml-ann__________
1915
1,000
do
due $98,000 and $97,000 s-an g _______
__ 1916
1,000
Cumberland St Pennsylvania— First mtge g g u a r __ z
51 1891
1,000
__ 1906
Somerset Coal oar tr assum $70,000 yrly_____FBax
1,000
Cumberland RR— 1st M $3,000,000 g o l d . ...................
12.9 1908
1,000
Cum berland Ry & Coal Co— 1st M $3,000,000 g gu.
48 1910
1.000
Cumberland Valley RR— See Pennsylvania RR
Dayton & Michigan— Com stock (3 f 6 % guar C H & D)
1871
50
__ 1871
Preferred (8% guaranteed C H A D) endorsed____
50
1st M gu pA 1 end ext In 1911 red 102H beg 1917-0
141 1881
1,000
Dayton Union Ry— First mtge sink fund call par__Fx
2 1899
1.000
__ 1914
Death Valley RR— First M call 105 s f begin in 1916
£100
Delaware— Stook 8% guaranteed...................................
215 ____
25
General mortgage gold____________________ FP.xo*
113 1892
1,000
__ ____
Delaware & Bound Brook— Stook 8% gu Phlla A Read
100
First consol M $1,800,000 guaranteed. _PeP.xo*Ar 30.97 1905
1.000
Delaware & Eastern (foreclosed)—See Del & Northern
Delaware & Hudson— Stook $55,711,500 (text)_____
100
Soheneotady & Duaaesburg first mortgage_______ z
14 1874
100 Ac
Adirondack 1st M gold guar p A 1 end__ Us.zo’ Ar
57 1892
1.000
l*t ARefM $50,000,000 g s f red 107 H beg’ 18-xo» Ar*
__ 1908 1,000 Ao
Convert bonds gold red text_________________
1915
560 &c
Equip 1st lien bonds $10,000,000 g s f._U sm .xo* Ar
__ 1907
1,000
Secured gold notes callable (see text)________ Usyc
—
1917
1,000
Guaranteed Bonds—
_
_
Hudson Coal Co debentures o f 1902 due 1918______
1902
1,000
__ 1890
Bluff Point Land Improvement Co 1st M g gu.zc*
1,000
Chateaugay Ore A I Ref mtge call 105___ N .xo'Ar
__ 1902
1,000
Utica Clinton & Binghamton RR 1st M ___________
__ . 1889
1,000
Albany & Susquehanna RR 1st mtge______________
__ 1900
1,000
__ ____
Delaware Lacka & Western— Stook auth $42,277,000.
550
Bangor A Portland mortgages g old ______________x
’80-’86 100 Ao
DAYTON TOLEDO & CHICAGO R Y .— Owns Dayton to Delpbos,
O., 94.9 in., and, it is understood, has operating rights from Delphos to
Mandate, 11 miles. Successor Jan. 4 1918 of Cin. Dayton & Chicago Ry.
(foreclosed), tho former Delphos Division o f the old Cincinnati Hamilton
& Dayton RR. Authorized capital stock o f new company, as reported at
Incorporation on N ov. 15 1917, $300,000; total capitalization approved
by Ohio P. U. Commission N ov. 19 1917, $750,000. Officers, John Ringling, Pres., with office at New York; Chas. O. Wilson, V.-Pres., Chicago;
O. C . Van Zandt, Sec., offices at Dayton.— (V. 105, p. 2272; V. 106, p.188.)
DAYTON & UNION RR.— Owns from Dodson, O., to Union City, Ind.,
31.74 m.; leases Dayton to Dodson, 15.30 m.; total operated, 47.04 m.
The Cleve. Cin. Chic. & St. Louis and Cln. Ham. & Davton Jointly own the
$80,300 stock. Year ending Dec. 31 1916, gross, $156,740; net, $38,613;
other Income, $3,530; charges, $38,733; bal., sur., $3,411.— (V. 97, p. 230.)
DAYTON UNION RY.— Union depot at Dayton, O. Used by Pitts.
Cln. Chic. A St. L., Clev. Cln. Chic. A St. L.. Cin. Ham. A Dayton, Dayton
A Union R R . and Erie R R ., under lease which provides that Interest on
bonds and other expenses be divided between them on train basis. Stock.
332.1,000, all common. For year ending Dec. 31 1916, gross, $107,578;
net, $58,773; other Income, $112; Interest, rentals, &c., $50,661; bal., sur.,
$8,224. Pres., G. L. Peek, Pittsburgh, Pa.; Sec., R. O. Barnard, Cincin
nati, O.— (V. 73. n. 1312.)
DEATH VALLEY R R .— Owns line In Inyo County, Cal., to the Biddy
McCarthy borax mine, &c., 23 miles. Bonds (all or part) guaranteed by
the Borax Consolidated, Ltd. In Feb. 1918 was authorized to issue $34,100
stock to that company in connection with retirement of £7,000 bonds.
V. 106, p. 715. On June 30 1916 had outstanding $118,900 stock and
$264,928 bonds. For tho year 1915-16 gross earnings were $123,538; total
net, $93,810; rentals, int., &c., $18,897; divs. $4,275; bal., sur., $13,576.
— (V. 106, p. 715.)
DELAWARE RR .— [See Maps Pennsylvania RR.)— Shellpot Crossing.
Del., to Delmar, Md., 95.20 miles; branches, Centrevllle, Aid., to Townsend.
Del.. 34.98 m.; Clayton, Del., to Oxford. Md., 54.27 m.; Seaford. Del., to
Cambridge, Md., 32.96 m.; Massey. Del., to so. of Chestertown, 20.52 m.:
other branches, 7.22 m.; total. 245.15 miles. V. 67, p. 1356.
Leased to Philadelphia Baltimore A Washington (which owns $2,704,600
of the stock) for 99 years from Mch. 1 1910 at a guaranteed rental of 8% on
the stock, a special stock dividend of 70% being paid Feb. 28 1910; also a
■pedal cash dividend of 20% and an extra cash dividend of 5% .
For cal. year 1916, rental, $431,764; other income, $68,652: charges,
376,344; divs., $406,262; bal., sur., $17,811.— (V. 94, p. 123, 278.)
DELAWARE & BOUND BROOK R R .— Bound Brook (Central RR. of
N. J.) to Delaware River, 27.22 miles: branch to Trenton, 3.75 m.; East
Trenton R R ., 3.05 m.; total, 34.02 miles. Total track, including 2d, 3d
and 4th tracks, sidings, & c., 98.09 miles. In M ay 1879 leased for 990 years
to Phlla. & Reading. Rental, $213,107.50, paying interest and 8 % on
stock.— (V. 81. p. 210.)
DELAWARE & HUDSON CO.— Operates railroad lines from WilkesBarre, Pa., via Albany and Schenectady to Rouses Point, N. Y ., on the
Canadian line, with branches to Binghamton, Troy, Lake Placid, N. Y .,
Rutland, Vt., and other points, a total of 909.38 miles (of which 345.19
miles are owned In fee and 459.70 miles are leased or controlled through
stock ownership), viz.:
Steam Lines owned (345 m.) Miles.
Lines leased— *See these cos. Miles.
Carbondalo to Scranton,Pa.,& br. 22 ♦Albany & Susquohanna________ 143
LookoutJct. to IIonesdaleJct.,Pa. 28 ♦Rensselaer & Saratoga__________190
Nineveh to Jefferson Jet., Pa___ 22 ♦Chateaugay & Lako Placid R R .. 79
OherryVal.Jct.toCherry Val.,N . Y . 21 Other leased lines________________ 48
Charlotte Crossing to Davenport
♦Jefferson R lt. (trackage)______35
Centre. N . Y ............................. 4 Boston & Maine (trackage)_____.37
Schenectady to Duanesburgh,N.Y.14 Othor trackage__________________ 32
Greenwich to Salem Jet., N. Y _ . 10
Saratoga to North Creek, N . Y ._ 57
Whitehall to Rouses Point, N . Y .,
and branches_________________ 149
Other lines owned.............
22
Total operated Jan. 1 1917 ...9 0 9
Second track Jan. 1917, 347.67 m.; third track, 19.12 m.; fourth track.
20.52 m.; yard track and sidings, 656.27 m.
Also leases Utica Clinton & Blngh. and Romo & Clinton R R ., 44 miles,
which are sublet to N. Y . Ont. & W.
H ISTORY.— Incorporated April 23 1823; name changed April 28 1899.
One of the largest miners and carriers of anthracite coal (V. 86, p. 913)
In Nov. 1917 tho company’s coal tonnago in ground was estimated to agto the Hudson Coal Co. (V.89, p. 1449). The canal was abandoned and the
cost charged out In 1898. Tho old “ Gravity" road, built In 1829, was
broadened to standard gauge and opened for regular servlco In 1900. The
companies taken in by merger include: Adirondack R y., Schen. & Duanesb.
R R ., N. Y. & Canada R y., Cherry Valley Sharon & Albany RR.
Allied Properties.— (o) Entire capital stocks owned: Quebec Montreal &
Southern Ry. C o., Napiervllle Junction Ry. Co., Greenwich & Johnsonvllle Ry. Co., Schoharie Valley Ry. Co., United Trno. Co. and Troy & Now
England Ry. Co.; (If) one-half the stock owned: Wilkes-Barre Connecting
R R . Co. and Schenec. Ry. Seo list o f stock. &c., holdings, V. 104, p. 1482.
Coal prices in 1917. V. 105, p .767. Anthracite rate caso, V. 101, p. 2072;
V . 102, p. 1357.
Albany & Susq. stockholders were held by higher Federal courts to bo ontitled to the saving of interest effected by tho refunding at 3}4 % of tho re
maining $7,050,000 of the $10,000,000 issue o f Albany & Susquehanna
Rlt. Co. 7% bonds. Increasing tho yearly rental paid. V. 85. p. 721:
V. 83, p. 1036; V. 80, p. 1174, 1362, 2343; V. 88, p. 938, 1499: V. 89, p.
1068, 1141; V. 90, p. 911. To Jan. 1917 $3,556,000 A. & S. bonds had
been exchanged for D. & H. stock. See Albany & Susquehanna.
Sinking Fund.— The sinking fund, created May 9 1899 and amended
May 10 1910, receives out of tho yearly net profits not less than 5 cents per
ton on coal mined, and has accumulated $5,235,280 from 1900 to 1916,
which amount has been applied to the purchase and retirement of $1,288,500
R a te
%
W h en
P a y a b le
[ V o l . 106.
L a s t D iv id e n d
an d M a tu rity
$15,550,000 See text See text See text
10,000,000 6 In 1917 F & A See text
12,030,000
5 g J A J July 1 1952
4,000,000
5 g M A N May 11960
3,000.000
5 g MAN 15 Nov 15 1918
516.000
F A, A Aug '1 8 -F eb’24
5
385,000
J t J21 July'18-Jan '25
5
640.000
5
J & D 15 Juno T8 to 1925
1,755.000
5
M Sc N M ay’ 18-Nov ’26
1,000,000
6 K M A N May 1 1921
152,000
5
J A D To Doc 1918
1,028,000
5 g J A D June 1 1958
1,167.000
5 g A & O Oct 1940
Places Where Interest and
Dividends are Payable
Cheoks mailed
Royal Bk of Can, N Y
do
do
Phlla, Fidelity Trust Co
Montreal Tr Co. Mont
United States Tr Co. NY
United States Tr Co, N Y
Guaranty Trust Co, N Y
Guaranty Trust Co., N Y
Fidelity Trust Co, Balt
Guaranty Trust Co, N Y
2,401.950
3H
A A O Oct 2 1917 1 >4
1,211,250
8
C— J Ort 3 1917 2%
2,728,000 4H (5) 3 A 3 Jan 1 1931
388.000
4 g J A 3 July 1 1949
See text
5
M Sc S March l 1924
5.078,275
8
J A J July 1 1917 4%
500,000
4 ^ g J A J July 1 1932
1,800,000
8
F Nov 20 1917 2%
c
1.800.000
3H g F A A Aug 1 1955
42.503,000 9 In 1917 Q - -Moh Mch20 1918 2K Office 32 Nassau St. N Y
500,000
6 g M A S Sept 1 1924
do
do
1,000,000
do
do
4H g M A s Moh 1 1942
32,204.000
4
M A N May 1 1943
do
do
14,451,000
5g
A Sc O Oct 11935
do
do
9,307,000
4H g J A J July 1 1922
do
do
9,000,000
5 g F & A Aug 1 1920
do
do
200,000
4
M Sc N May 1 1918
300,000
4
J A J Jan 1 1940
do
do
1,300,000
4
J A J Jan 1 1942
do
do
800,000
5
J «& J July 1 1939
10,000.000
3HJ g A Sc O April 1 1946
42,220,400 20 in '17 See text Jan 21 1918 5% !
West St, New York
320.000
6 g J A J 1930-1936
do
do
of the capital stock (In 1900 to 1906), and In part to the purchase of coa*
lands in the Wyoming and Schuylkill regions.
DIVS.—
r 87. '88. '89 to ’96. ’97 to ’00. ’01 to '06. ’07 to Mch. 'IS
Since 1886..% \ 5
6 7 yearly. 5 yearly. 7 yearly.
9 yearly.
BONDS. Ac.— Equip. 4H s of 1907, V. 84, p. 1247, 1307; V. 85, p. 1082,
On May 12 1908 tne stockholders authorized a First and Refunding M ort
gage for $50,000,000, bearing not over 4% Int. and running 35 years, and
subject to redemption as an entirety only at 107 Vt on any int. day, beginning
May 1 1918. One per cent of the amount of bonds outstanding Is to be paid
to the trustee June 1 annually from 1909 to 1942, to be used to purchase
bonds or for improvements and extensions. Of the Issue, $0,500,000 ara
reserved to retire outstanding 1st M. bonds; V. 86, p.98. 1409, 1589; V. 87:
D. 90,480, 1419. 1604; V. 89. d . 847. 1541; V .9 0 .p . 51. 167; V. 92, p . 180.
394; V. 96, p. 1156, 1700; V. 97, p. 1024; V. 98, p. 1168, 1844; V. 99, p. 48
The stockholders on Sept. 30 1915 authorized the Issuance of $14,451,000
20-year 5% bonds, which woro offered to stockholders. The bonds may at
option of holders at any time after Oct. 1 1917up to Oct. 1 1927 bo converted
Into paid-up shares of capital stock at tho rate of $1,500 bonds for ten shares
of stock (with an adjustment of Interest and dividend). The entire Issue,
but not a part, may be called for redemption on Oct. 1 1922. or on any
semi-annual interest day thereafter, on 90 days’ notice, at 105 and int.,
but If so called during the conversion period the bonds may bo converted
up to 30 days prior to such call day. V. 101, p. 773, 1092; V. 102. p. 800.
1356. V. 104. p. 1044.
Tho $9,000,000 3-year 5% secured gold notes of 1917 due Aug. 1 1920.
are redeemable (as an entire issue only) on any interest date on 60 days’
notice upon paymont of a premium equal to M % for each six months until
maturity. They are secured by pledge of $7,300,000 Del. & Hudson Co.
Ref. M . 4% gold bonds, duo 1943; $3,500,000 Albany & Susq. R R . First M .
3Ms g., due 1916: and $400,000 Alb. & Susq. RR. C o., and $500,000
Rensselaer & Saratoga R R . Co. guaranteed stock. V. 105, p. 389.
EARNINGS.— 12 mos., (1917.Gross, $29,935,653; not (aft. $3,867,715
Jan. 1 to Dec. 31.
\1910.Gross, 26,595,974; rents),
5,486,447
For the three months ended Sept. 30 1917 (V. 105, p. 2183, 2093):
3 M os.to
Gross
N et after Other
Interest,
Divs.
Balance,
Sept. 30. F.armings. Taxes.
Income.
R ents,Ac. (2 1 4 % ). Surplus.
1917----- $8,375,463 $2,351,660 $1,210,909 $1,367,945 $950,318 $1,244,306
1916----- 6,888.527 2,032,874
250,086 1,300,942 956,318
25,700
REPO RT.— For year 1916 In V. 104, p. 1482, 1501. 1794.
Year ended Dec. 31—
1916.
19t5.
1914.
9,990,848 9,211,397
Anthracite coal carried (tons)............. 9,300,552
Gross earnings of railroads....................$20,634,426 $23,787,519 $22,722,962
$8,523,331
$8,963,893 $7,534,111
Net (railroads)...............
Coal department (not).........................
123,303
776,038
640,887
Othor Income.........................................
1,253,227
1,927,130 1,925.472
Total net income.................................. $9,899,861 $11,667,001 $10,166,470
Miscellaneous rentals.......................
$1,928,475
$1,999,352 $1,997,679
3,813,014
3,596,268 3,492,997
Interest, taxes and miscellaneous___
Dividends on stock, 9 % _____
3,825,270
3.825,270 3,825,270
Balance, surplus................................
$333,102 $2,246,171
$784,524
The coal department in 1916 showod: Earnings, $15,758,705; expenses,
$15,020,372; net, $738,393; In 1915, earniugs wero $15,860,677; not, $770,OFFICERS.— Pres., L. F. Loreo; Chairman Exec. Comm., R. M . Oly
phant; V.-P., Chas. A. Peabody, N. Y .; V .-P., W. H. Williams; V.-P.,
F. P. Gutelius, Albany; Asst, to Pres, and Asst. Sec., W. B. Schofield:
Asst, to V .-P .. G. H. Parker; Treas., C. A. Walker; Sec., F. M . Olyphant:
Comp., W. II. Davies, 32 Nassau St.. N. Y. Gen. M gr., F. P. Gutelius.
Managers.— Robert M . Olyphant, Chauncoy M . Depew, Loonor P.
Loree, William S. Opdyke, Archibald D. Russell, Cornelius Vanderbilt.
William H. Williams, Henry W. do Forest, George I. Wilber, O. A. I’eap0 2fo3R 2b183, i M ^ W l O ^ p I t f r * 0"
R ° bert
PrUya- (V ’ 105’
D E L A W A R E L A C K A W A N N A & W E S T E R N R R .— (See M ap.)— Oper
ates main line from Hoboken. N. J., opposite N. Y. City, to Buffalo, N. Y.
410 m., with branches to anthracite region, Ac., 547 m.. viz : (*seo this co!
Lines Owned—
Miles.
Lines Leased (Concl.)—
Miles.
N. J. State line to N. Y. line___ 111 •Oswego A Syracuse_____________35
Branch to Northumberland_____80 •Syracuse Binghamton A N. Y__ 81
Hopatcong, &c_________________ 2 •Utica Chenango & Susquehanna 97
Erie & Central N .Y .(V .90,p.202) 18 •Valley R R . of New York______ 11
Bangor A Portland R y __________ 38 •Lackawanna R R . of N. J........ .. 28
Hanover A Newport R R ________ 7
Lines Controlled and Operated—
Lines Leased— (See each co.)—
Sussex Railroad_________________ 34
•Morris & Essex and leased brclis.176 Laokawanna A Montrose R R __
ll
•N. Y . Lackawanna A W estern..214
•Cayuga & Susquehanna________ 34
Greene Railroad________________ 8
_
_ 1917.
Total operated
Jan.
-980
Cut-off from Clark’s Summit, Pa., to Hailstead, 38 miles, cost $i6!6o67
000 to $15,000,000. was completed In Nov. 1915. V. 101, p. 1027.
HISTORY, AC.— Original company chartered In 1832. present title as
sumed In 1853. In 1903 purchased entire stock N. Y. A Hoboken Ferry Co.
In June 1909 the D. L. A W. Coal Co. was Incorporated with 56,800,000
authorized stock, to act as selling agent for the company’s coal In Pennsyl
vania, the railroad stockholders being permitted to subscribe for Its stock
pro rata to the extent of 25% of their holdings. See extra dividend below,
V. 89, p. 41; V. 90, p. 557. Quarterly dividends of 2\<,% on the coal com
pany’s stock wore begun In 1910 and 20% ext. was paid In 1913. V.90.P.54.
United States Supreme Court on June 21 1915 In the suit brought by
the Government held that tho company, under the contract of Aug. 2 1909,
violated the commodities clause of the Hepburn Act and tho Sherman anti
trust law (V. 100, p. 2114; V. 101, p. 17). In Its relations with tho D. L. & W.
Coal Co. A new contract has been arranged. V. 101, p. 47. In May 1917
suit over Morris & Essex lease was settled, tho guaranteed dividend on
M. & E. stock being increased from 7% to 7% % p. a. V. 104, p. 2116.
V. 100, p. 1509, 1832; V. 102, p. 1896; over Syr. Bing. & N. Y. lease; V. 103.
p. 1980. Anthracite rate case, V. 101. p. 2072; V. 102, p. 1357. Govern
ment regulation of coal prices In 1917, V. 105, p. 767.
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46
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Del River RR & Bridge— 1st M ggu p & 1 sf l%GP.xo*
10
Denv Boulder & West— Ino 1st M *800,000 red par .x
Denver & Rio Urande— Stock common (see te x t)..T r
Preferred stock 5% noii-cumulattve $50.000,000.Tr
First Consol M 542.000,000 now 1st M g.U s.xo**r f 1,647
11.647
First & Ref M 5150,000,000 gold red 1 1 0 ..Base*&r 2.541
Adjust M Incomes 525,000,000 7% cum red 115 Nxo 2.541
Improvement M (55.000 per mle g _____Us.xo’ &r 1,647
Rio Grande Western 1st M gold (V69, p 284) -Ce.zo*
699
First Cons mtge redeem at par (see text) g.Q.xo*
699
Bonds of Affiliated Companies—
Rio Grande Southern llrst mortgage guar_____Cex
180
Rio Grande Junction first mortgage guar___ Ce.xo*
62
Utah Fuel Co 1st M 52,000,000 redeem at 110__ Gz
Pleasant Valley Coal 1st M s f redeem at 115____Gz
Salt Lake City Union Depot & R R — See that Co.
Denv & Salt L RR— Stk held In vot tr $35,000,000-lst M $35,000,000 gold redeem 105--Ba.xc*&r*
text
Do cash lnt: 3 % , 3 yrs; 4 % , 1 yr; then 5% ..x
text
Do cash lnt: 4 yrs, 1, 2, 3& 4 % , resp. then 6 % .x
text
Adjustment (Income) bonds *2,000,000_________ x
1896
1909
1888
1898
1908
1912
1888
1889
1899
1890
1889
1901
1898
Par
Value
Amount
Outstanding
1,000
100 &o
100
100
500 &o
1,000
$ & mks
S,£,m.&c
500
1.000 &o
1.000 &o
Rate
%
When
Payable
[ V o l . 106.
Last Dividend Places Where Interest and
arid Maturity
Dividends are Payable
1,254, 000 _ 4 g
F & A Aug 11930
P enn R R C o.P bila& N Y
700, 000 To 5% See text July 1 1939
Kidder&Co,5 Nassau,NY
38.000, 000
49,775, 670
&
Jan 16 1911 2H Office, 165 B’ way, N Y
34,125, 000
4 g
Jan 1 1936
&
National Park Bank, N Y
6,382 000
414 g
& J Jan 1 1936
do
do
y32,922, ,000 . 5 *
& A Aug 1 1955
Feb 1918 coup not paid
10.000, 000 7 In 1917
& O Apr 1 1932
N Y. Lond,Berlin* Amst
8,335, 000
& D June 1 1928
5g
National Park Bank, NY
15,190, 000
4g
& J July 1 1939
Guaranty Trust Co, N Y
15.080, 000
& O Apr 11949
4g
do
do
1,000 x2,277,000
1,000 2.000,000
1,000
486.000
1,000
897.000
4
5
6
6
g
g
g
g
& J July 1 1940
& D Deo 1 1939
M & S Mch 11931
J & J July 1 1928
$100 $11,670,300
6g
1913 $,£,fr,&c
M
3.641.000
5
1913 5. £, &c 4.427.000 3-4-5
M
1913 ' £. &c
1.734.000 1-2-3-4-5 M
1913
$1,000
2,000.000 Up to5% M
&
&
&
&
May
May
May
May
1 1943
1 1943
1 1943
1 1943
Maitland, Coppell, N Y
do
do
Guaranty Trust Co, N Y
do
do
May 1915 coup unpaid
do
do
do
do
New York
x Of whloh 51.777.000 In treasury: there are also *2.233 .000 d ot guara nteed
y Additional $7,005,000 pledged under Adjustment Mortg age
DIV ID E N D S— (1904. 1905. 1906-08. 1909.
1910 to Jan. 1918.
Since 1903 — (% )1 17
19K 20 yearly
70
20% yrly.— see below
Dividends previously 2>$% Q.-J. (10% p. a.) and 10% extra December
woro In 1918 changed to 5% each quarter, the annual 20% rate remaining
unchanged. On Jan. 21 1918 paid 5% (qu.). V. 105, p. 2542.
July 1909 paid special cash dividend 50% one-half applicable, If desired,
to subscription of stock of new D. L. & W. Coal Co selling agency: also
15 tS stook dividend paid Aug. 2 1909. and In Deo. 1911 35% In 4% guar,
stack of Lack. RR. of N .J . V. 89. p. 41. 224; V. 93. p.1323: V. 94, p.549.
LATEST EARN INGS.— (1917-Gross, $57,211,224 not (aft.SlO,103,56 i
12 mos., Jan. 1 to Dec. 31. \19l6-Gross, 51,580,899. rents), 10,589,008
EARNING S.— Three months ending Sept. 30 1917, V. 105, p. 2183.
13 Mbs. to
Gross
Net After
Other
Interest Dividends Balance
Sept. 30. Earnings.
Taxes.
Income. Rents, &c. (2f$% )
Surplus.
S
S
$
§
%
1917 ------ 14,962,898 4,752.255 2,352,729 2,549,560 1,055,510 3,499,014
1916 ------ 13,269,206 4,448,695 1,717,567 2,266,354 1,055,510 2,844,399
ANNUAL R E PO RT.—Annual meeting Is held on Tuesday preceding last
Friday In February. The report for 1916 was In V. 104, p. 760.
Year ending Dec. 31—
1916.
1915.
1914.
C o a l..................
$14,475,244 $13,364,007 $14,056,674
Merchandise freight.............................. 23,229,865 18,742,617 15,673,086
Passengers..............................
8.674,863
8.218,316
8,5-11,316
Mall, express and miscellaneous_____
5,200,927
4,461,791
4,274,902
G ross.................................................. $51,580,899 $44,786,731 $42,545,978
Net. after taxes.....................................$17,114,593 $14,912,945 $12,591,915
Coal department (net)...................
*4,933,022 *3,443,039 *4,357,000
Other miscellaneousIncome_________
2,599,543
1,582,974
2,621,433
Total net Income...............................$24,647,158 $19,938,958 $19,570,354
Hire of equipment--------------------------$755,734 Inch with ‘‘Other Inc.’ ’
Interest and rentals________________ 5,989,308 $6,070,062 $6,301,429
Renewals and betterments_________
1,701,968
1,616,056
1,299,286
Discount on bonds sold____________
______
1,289,700
______
Dividends (20% )................................. 8,444,0S0
8,444,080 8.444.0S0
Balance, surplus...............................$7,756,068 $2,519,060 $3,525,559
* Coal Department—
1916.
1915.
1914.
1913.
Gross earnings..............$26,627,148 $22,802,210 $23,949,079 $22,742,982
Profit............................... 4.933,022
3,443,039
4,357,007
3.184.687
“ Profit and loss surplus” Dec. 31 1916, $46,987,406: “ corporate surplus,"
$20,316,120.
OFFICERS.— Pres , W. H. Truesdale: Sec. and Treas., A. D. Chambers
Gen. Aud.. G. E. Hustls.
B O A R D .— W. S. Jonny, Wm. FI. Moore, Henry A. C. Taylor, Wm. H.
Truesdale, Geo. F. Baker, Wm. Rockefeller, Geo. F. Baker Jr., M . Taylor
Pyne, Henry R. Taylor, W. II. Dodge, Beckman Winthrop, William
Fahnestock, Harold S. Vanderbilt, J. F. Talmage. Office, 90 West St.,
N . Y .— (V. 106. p. 498, 601.)
DELAWARE MARYLAND & VIROINIA R R .— See page 208.
DELAWARE & NORTHERN RR.— East Branch to Arkville, 38 miles,
and 8-mlle branoh. Incorp. In N. Y. Oot. 14 1911 as a reorganization of
Del. & Eastern R R ., foreclosed per plan V. 93, d . 588. Stock, common,
$1,000,000; 6% cum. pref., $250,000; par, $100. No bonds June 1 1917.
For year ending Dec. 31 1916, gross, $131,895; not. after taxes, $17,116;
rental and fixed charges (net), $7,609; bah, $9,507. Accrued prof, divs
for 1915-16 amounted to $15,000. Pres.. Andrew M . Moreland Sec. &
Treas., Howard Feist. Office, Margarotvillo, N. Y .— (V. 96, p. 1725.)
DELAWARE RIVER RR. & BRIDGE CO.— Frankford Jot., Pa., to
Pensauken, N. J., and branches, 9.52 miles.
Cap. stock. $1,300,000. all owned by Penn R R ., which guarantees bonds,
prin. and int. by endorsement. V. 63, p. 1062, 1159; V. 89. p. 1596.
DIV1S.— ‘00-’05. ’06-'07. '08. ‘09-‘ 10. ’ l l . ‘ 12-‘ 13. ‘ 14. ‘ 15. ‘ 16. ‘ 17.
Per c e n t____4 y ’ly 5 y ’ly 6
6 y ’ly 6 6 y ly
4
4
6
6
— (V. 99, p. 1832; V. 100. p. 2085; V. 101. p. 2071; V. 102, p. 1540.)
DENVER BOULDER & WESTERN R R .— Boulder to Ward. Colo., 26
miles; Sunset to Eklora, 20 m ; branches, 5 m.; total, 51 m. V. 80, p. 650
Stock. $300,000. all out; par $100. Of the bonds ($800,000 authorized
issue), $100,000 are reserved for extensions. Improvements, &c. They are
entitled to lnt. up to 5% If earned, payable Sept. 1 beginning 1910.
In Dec. 1917 the right to abandon operation and dismantle the property
was withheld. V. 105, p. 2183, 2542.
For year ending June 30 191•>, gross, $93,985, against $51,197 In 1911-15:
net Income, SI 1,505, against dof., Si.451). Dividend on Incomes, 3%
($21,000). paid Sept. 1 1910, and 1 X % ($10,500) Sept. 1 1911. Pres..
Charles D. Marvin: Sec. & Treas., C. M . Williams. Office, Boulder. Colo.
— (V. 89, p. 993; V. 99, p. 1748; V. 105, p. 2183, 2542.)
DENVER & RIO GRANDE RR.— (See M ap.)— ROAD.— Mileage:
.Road owned and operated____ 2,436
Of the preceding:
Rio Gr. Jo. R R ., &o. (leased).. 142 Standard gauge______________ 1,792
--------1Narrow gauge only............... ...... 786
Total operated Doc. 31 1916.2.5781 Second track_________________ 206
Extensions proposed, see V. 105, p. 1103.
H ISTORY.— On July 31 1908 the Rio Grande Western was merged
V. 87, p. 226, 285. The Itlo Grande Junction (of whose stock the greater
part Is owned) Is leased Jointly by this co. and tho Colorado Midland (fore
closed In 1917) and Its bonds guaranteed. V. 95. p. 1541: V. 97, p. 886;
V. 105, p. 2455. Rio Grando Southern has been controlled.
In Oct. 1917 tho Missouri Pacific RR. C o., previously owner of about
30% of tho stock, arranged for greater representation on tho board with a
view, it is understood, to closer relations between tho roads and possibly
later on some now agreement with the West.Pac. V.105, P. 1419, 1617. 1801.
Judge Learned Hand In tho U. S. Dist. Court In N. V . City on May 18
1917 decided In favor of the Equitable Trust Co., as mtge. trustee of the
old Western Pacific Railway, the suit brought against the Denver & Rio
Grande R R . Co. to enforce the payment of the guaranteed bonds. V. 105
p. 1309. 1522; V. 104, p. 2641, 2117.
Tho Circuit Court of Appeals at N. Y . on Jan. 4 1918 affirmed the
decision, ranking tho judgment as a lien on tho property inferior to tho
lien of tho mortgage bonds. V. 106, p. 188. Tho lower court awarded
the plaintiff a judgment of practically $38,000,000. Of this amount
$3,000,000 was paid by the Denver company, leaving tho balance about
$35,000,000. This, with interest, rnado tho judgment in Jan. 1918 about
$36,000,000. V. 106, p. 85.
On Jan. 26 1918 in view of the foregoing judgment and for tho purpose
of protecting the rights of all tho creditors, tho property was placed In
the hands of Its President Edward L. Brown and Alexander It. Baldwin
of San Franc., V.-Pres. and Gen. Attorney of tho Western Pacific RR.
as receivers by the U. S. Dist. Court at Denver, on .application by a creditor
tho company consenting, although a surplus over all fixed charges was
earned In 1917; floating debt aside from tho judgment. V. 106, p. 498.
Committees Formed in View of Aforesaid Decision (V. 104, p. 2117).
First & Ref. 5% M . Bonds.— Seward Prosser, Chairman; Bertram Cutler,
C. Ledyard Illair, E. K . Boisot, John Henry Hammond, Andrew J. Miller,
William Salomon. Joseph H. Seaman and Frederick Strauss; P. W . Jones,
Secretary, 16 Wall St. Cadwalader, Wickersham & Taft, counsel. Bankers
Tr. Co., N. Y ., depositary. V. 106, p. 498; V. 104, p. 2117, 2552.
Common & Pref. Stock.— Harry Bronner, J. Horace Harding, John W.
I’ latten and Harrison Williams. Cravath & Hondorson, counsel; Chauncey
H. Murphey, 55 Cedar St., N. Y ., Secretary; United States Mtge. & Trust
Co., N. Y .. depositary.
7% Cum. Ad). Mtge. Bonds.— John B. Dennis, Alonzo Potter, Otto T .
Bannard and Albert Strauss, with B. L. Stowell as Secretary, 24 Broad St.,
N. Y .; New York Trust Co., depositary. V. 104, p. 2235.
Rio Gr. West. Is! M . 4s.— See Spencer Trask & (To.. 25 Broad St.. N. Y
1st Mtge. Bonds of Rio Gr. Jet. Ry.— L. Edmund Zacher, J. Herbert Case,
Edward C. Dolafield: with E. S. Blagden, Secretary, 40 Wall St., N. Y .
Franklin Trust C o., N. Y ., depositary.— V. 104, p. 2642.
STOCK.— The Missouri Pacific on Juno 30 1916 owned $17,295,000
common and $9,805,000 pref. stock. V. 72, p. 338, 580, 1238; V. 73, p. 500.
DIVS.— 1 ‘92. ‘93. ‘94. ‘95. '96. '97. ’98. ‘99. ‘00, ‘01 to Ja n .'ll None
pref. %J 0
2
0
0
2
2 2H 4
4
5 yearly.
since.
BONDS.— Improvement mortgage abstract In "Chronicle,” V. 47, p. 229.
Abstract of R. G. W . 1st mort. was In V. 49, p. 237, and statement to
N. Y . Stock Exchange, V. 50, p. 73; also V. 69, p. 284. Utah Fuel 1st 5s
if 1931; see application to list, V. 78. p. 1171, 1178, 1548. 2015.
Rio G. W. First Consol. 4s of 1899. sec V. 72. p. 537, 775, 1189.
Tho Refunding mtge. covers tho consolidated properties to secure an
issue of $150,000,000 bonds. V. 80, p. 1224, 1284, 1529; V. 87, p. 220, 285,
544, 741, 1419; V. 88, p. 100, 230, 294, 504, 822; V. 89, p. 348, 593: V. 90.
p. 848. Utah Central R R ., $390,000 1st M . 4s paid off Jan. 1 1917 aro
refundable with D. & R. G. Ref. & Mtge. bonds. V. 103, p. 2340. The
roport as of Dec. 31 1916 shows 1st & Ref. M . 5s of 1908 outstanding
$32,922,000 (additional $9,139,000 held in treasury and by trustees, in
cluding $7,005,000 pledged under Adjustment M tge.), and tho N. Y .
Stock Exchange $33,944,000. V. 105, p. 1098.
The Adjustment mtge. (7% cum. Income) bonds authorized In April 1912
total *25,000,000, present Issue *10,000,000) received their llrst Install
ment of Interest absolutely on Oct. 1 1912, and aro since entitled (A. & O.)
to such amouut as the board shall determine out of surplus net Income
luring the six months ending Dec. 31 or June 30 Immediately preceding,
*1) arrears. If any, to bo paid at maturity or at date of earlier redemption.
Redeemable at 115 any Intorost dato: 3^4 % Interest declared, payable semi
annually from April 1 1912 to and Including O ct.l 1917 (see below). V. 97.
p. 728, 1426; V. 101, p. 773; V. 94, p. 911, 1560; V. 105, p. 006, 818.
The stock ($200,000) of Salt Lake City Union Depot & KB Co. Is about
equally owned by the D. & It. G. and Western Pacific. which guarantee its
$1,100,000 first mtge. 30-year 5% bonds. V. 88, p. 232.
EARNINGS
Gross
Net after
Other
Fixed
Balance,
1IMos.toNov.30 Earnings.
Taxes.
Income.
Charges.
Surplus.
1917--------------- $20,038,789 $7,152,093 $2,502,192 $7,675,393 $1,978,892
1 9 1 6 ---............. 23,254,528 8,691,065 1,921,150 0,818,923 3,793,292
ANNUAL R E PO RT.— For 1916. in V. 105, p. 1098.
------- Calendar Years----------------- 6 Months to-------- „
J
1916.
1915.
Dec. 31 ‘ 16. Dec. 31 ‘ 15.
Aver, miles op era ted ...
2,573
2,576
2,577
2,574
Gross earnings------------ $25,461,486 $23,138,797 $14,087,323 $13,512,921
Not, after taxes, &c___ $9,461,773
$7,802,900 $5,390,792 $4,992,724
Othor income................. 1,181,868
1,141,818
270,185
159,484
Gross income............. $10,643,641
Hire of equipment.........
...........
Rents, &c.......................
623,945
Interest on funded debt. 4,957,826
do A dj.M .bds.(7% p.a.) 700,000
Sink. & renewal funds..
304,269
Additions & botterments 2,300,000
$9,004,719 $5,606,977
$51,781
598,601
337,240
4,983,095
2,476,465
689,471
350,000
278,338
157,263
________
$5,152,208
*43,436
314,349
2,486,931
350,000
140,403
Balance, surplus.........$1,757,600 $2,403,431
$2,345,999 $1,817,089
OFFICERS.— Pres., E. L. Brown; V.-Ps., James Russell, Denver and
Finley J. Shepard, N. Y.; Sec., John P. Howland; Treas., It. F. Watkins,
Denver. V. 101, p. 1552, 1627. Offlco, 165 Broadway, N. Y.
Directors.— George J. Gould, E. T. Joffory, Arthur Coppell, FInloy J.
Shepard, George G. Haven, Harrison Williams, N. Y ., Harry Bronner, J.
Horace Harding and John W. Flatten. N. Y .; BonJ. l<’ . Bush. St. Louis; E.
L. Brown (Pres.), Denver— (V. 106, p. 85, 188, 295, 395, 498. 607.)
DENVER & SALT LAKE R R .— Projected from Denver to Salt Lake.
»bout 576 miles, along a lino about 100 miles south or the Union Pacific and
125 miles north of the Denver & Rio Grande. In 1916 256 miles, Denver to
Oralg. was In operation, Incl. Steamboat Springs to Craig, 41 miles, opened
Dec. 1 1913. V. 95. p. 1403. 1541; V. 96. p. 1088; V. 97, p. 150$.
The electors of Denver on May 20 1913 approved charter amendments per
mitting a tunnel to be built by city through the Continental Divide, for use
under lease by this and other companies at an estimated cost of $4,420,000.
R A IL W A Y STOCKS A N D BONDS
Feb., 1918.1
48
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
IFor abbreviations, &c., see notes on first pace]
Miles Dale
Road Bonds
Par
Value
Amount
Outstanding
Rale
%
When
Payable
Denver & Salt Lake RR (Concluded)—
Two-year notes 4300.000 auth call 1 0 1 ____Em.y
F
$217,000
1915 Sl.OOO&c
6
__ 1913
Equip notes g due $25,000 or $24,000 s-ann.Em.xc*
288,000
M
1,000
5g
__ 1913
do
Pullman Company_____________________
95,586
A
5g
__ 1915
do
due $8,000 s-a beginning Jan 1 1917______
80,000
J
6
__ 1916
do
due $22,750 seml-ann___________________
A
159,250
6
Denver Un Term Ry— 1st M red 105 beg ’ 19 text.CC
1914
1,000 4.000,000
4H g M
Des Moines & Fort Dodge— See Minneapolis & St L
1887
Des Moines Union— First M $800,000 g o ld ___ Ce.zo*
1,000 See text
5g M
Det Bay C & W— 1st M $1,250.000g red text s f FC.xc*
84.5 1912
1,000
A
658,000
fig
189 1878
Detroit Grand Haven & Mihv— First equip M g u „ y c *
1,000 2,000,000
A
0
Consol M guar p Sc l Grand Trunk Ry of Can __yo*
189 1878
200 Sco 3.200,000
A
6
Detroit Hillsdale & S\V— Stock4%rentalNYRCentltR
100 1,350,000
J
65
4
__ - - - Detroit & Mackinac— Common stook, $2,000,000 auth
100 2,000,000 2J4 in ’ 17 J
Pref stook non-oum $1,000,000 auth (V 74, p 62 9)-.
100
950,000 5 in 1917 J
"First lien” $1,500,000 gold...............................Gxo* All
1,000
1895
1,050,000
4g J
"Mortgage bonds” $1,750,000 g red at par____Gxc*
All
1895
1,000
1.250.000
4g J
Oetroil Mackinac & (Marquette Rv.— See "Mlscellan eous Comoan lea.”
Detroit Riv T u n — 1st M $30,000,000 gu end.G.xc*r*
2.72 1911
1,000 18,000,000
4H g M
D etroit Tol & Iron ton — Common stock $6,500,000
100 6,500,000
Pref stock (p & d) non-cum 4% Sc partlc.$6.000.000
100 5,9.89,998
First M gold red 105_____________________ N.yc*
1914
J
1.000
1.439.000
5g
AdJ (Inc) M $8,000,000 g cum aft Jan 19 red text.Ce
100 Sec 7.628,868 Up to 5 M
Equipment gold notes of 1915 $132,000__________
__ 1916
104.000
500
6
M
__ 1917
1.000
do
do
of 1917 $500,000 5 )4 % ________
475,000
J
5H
Det & Tol Sh L— 1st M $3,000,000 g gu_____Ba.xo’ &r
48 1903
1.000 3.000.000
J
4 s
of which this company Is to pay the cost above $3,000,000. and also Interest
on t, e city bonds and maintenance and 1% yearly to retiro the bonds. City
bon da auth. Feb. 17 1914 were on July 8 1914 declared illegal by the Colo
rado Supreme Court. V. 96. p. 1488; V. 92. p. 1310: V. 95, p. 1403. 1122;
V. 96 . d . 1488, V. 97. p. 1024,1503; V. 88. p. 73. 610.762; V. 99. p.119.1597.
ORGAN IZATION .— Incorp. In Colo. Dec. 1912 and took over as o
M a y 1 1913 (per plan, V. 95, p. 890) the Denver Northwestern Sc Paclf
R y.. foreclosed. V. 95. p. 1083, 1603. 1331: V. 96, p. 135, 1290. 1304
Leases Northwestern Terminal R y., Denve .till Jan. 1 1964. V.98.P.911*
RECEIVERSHIP.— On A ig. 16 1917 Pres. Chas. Boettcher and
W . R . Freeman of Denver were made receivers in anticipation of foreclos
ure and reorganization. V. 105, p. 818, 1419.
Default having been made in ' tie payment o f the Interest duo May 1
1916 and semi-annually thereafter on the First Mtge. 30-year gold bonds,
the bondholders’ committee In 1917 urged deposit of the bonds with Mer
cantile Trust Sc Deposit C o., 115 Broadway, N. Y ., as depositary. Com
mittee; Edward R. Tinker, Chairman; George H. Burr, F. N. B. Close,
L. O. Phipps, Eugene V. R. Thayer and Herman Walleck, with Charles D.
Makeplece, Secretary, 115 B ’way, N. Y .— V. 104, p. 1800; V. 102, p. 2071.
Default occurred Jan. 1 1918 on N . W. Terminal bonds and a protective
committee was organized; see that co. below and V. 106, p. 85.
In Jan. 1918 the last installment of principal was in default on all four
Issues of equipment trusts, but the interest had been met regularly, except
the Jan. 1918 interest on the $80,000 6s of 1915, payablo at Commercial
Tr. Co. o f Phila. V. 106, p. 85.
STOOK.— Authorized Issue Increased In May 1913 from $10,000,000 to
$35,000,000. The $11,670,300 issued is all held In 5-year voting trust expilrlng M ay 1 1918. V. 96. p. 1088. 1488; V. 99. p. 1597. In Sept. 1915
N ewman Erb retired as trustee. President and director. V. 101. p. 1013.
Directors and Voting Trustees (as changed in 1915); LawrenceC. Phipps,
Chairman o f board of directors; Gerald Hughes, Fred. G. Moffat and Chas.
Boettcher of Denver; Ward E. Pearson. Geo. H. Burr and W. M . Wadden. N. Y . V. 101. p. 1404.
BONDS.— All graduated 1st M . bonds were for the first four years to
receive full 1st M . 5s for difference between 5% and rate payablo in cash.
In Feb. 1915 the Issuance of $300,000 2-year 0% notes secured by 1st M .
bonds taken at 50 was authorized. To discharge the remainder of $450,000
floating debt bondholders were requested to fund their May and Nov. 1915
coupons Into 1st M . bonds, taking the latter at 75. per plan. V. 100. p. 732.
811. Over 92% o f the bonds assented and were deposited with Bankers
Trust C o., New York.
June 30 1915 loans and bills payable were $302,461; car trusts, $657,502.
Equipment notes o f 1913, see V. 90, p. 553. 1088 V. 97, p. 526.
LATEST EARNINGS. \1917-.Gross, $2,065,217; net(aft. df.S242,639
12 mos., Jan. 1 to Dec. 31.(1916--Gross, 1,913.078; rents) sr. 300,893
ending June 30 1917:
1916-17.
1915-16.
1914-15.
1913-14.
$1,893,747 $1,639,455 $1,215,361
1,865,9841 11,367.681
1.226,1251
953,399
Taxes, &c_
(
90,667
96,555/
. . $127,756
$435,399
$416,775
$261,962
Other Income19,375
46,203
86,443
66,404
- $147,131
$481,602
$503,218
$328,366
- $489,571
$439,805
$390,5191
$339,807
Rentals, &c.
.
181,430
125.709
123,702/
- $526,870
$83,912
$11,004
$11,441
OFFICKRS.— Charles Boettcher, Pres.; W. E. Morse, VIce-Pres. Sc
Gen. M gr.; Gerald Hughes, Sec., and E. I. Grenfell, Aud., Denver: William
Wadden, Vlce-Pres. & Asst. Sec.; Ward E. Pearson, Treas.. New York.
Directors, see above.— (V. 105, p. 818, 1419; V. 106, p. 85, 189.)
(THE) DENVER UNION TERMINAL R Y .— To take over the Union
Depot Sc R y. Co. (V. 71. p. 343) and extend and Improve the passenger
terminals at Denver, Colo. Stock $30,000. equally owned by the Union Pa
cific. Denver & Rio Grande, Colorado Sc Southern. Chic. Burl. Sc Quincy
Atch. Topeka Sc Santa Fe and Chicago Rock Island Sc Pacific which
guarantee the bonds ($10,000,000 auth. Issue), of which $4,000,000 were
sold to the Union Pacific. V. 97. p. 1024,1115; V. 98, p. 762; V. 99, p. 400.
Pres., A. E. Sweet; V .-P., E. S. Koller; Treas., Chas. S. Haugbwout; Sec. Sc
Aud., P. It. Morris. Office, Denver, Colo.— (V. 99, p. 400.)
DES MOINES UNION RY.—Termlnal road In Des Moines; owns4.18mlles
main track and branches, 19 miles 2d and side tracks, bridge across Des
Moines River and 25 acres of land In Des Moines. See statement to N. Y.
Stock Exchango in V. 65, p. 1173. The $671,000 1st Mtge. 5s due Nov. 1
1917 were taken up at maturity, presumably with loan secured by tho issue
no new bonds being put out. V. 105, p. 1801, 1898. Leased to Wabash
R R ., Chic. Gt. West., Chic. Mihv. Sc St. P. R y., Chic. Burl. Sc Q. R R . and
Minneap. & St. L. R R . V. 75, p. 342. Rental equal to exp. Sc fixed chgs.
paid monthly by lessees on wheelage basis. Stock auth., $2,000,000: o u t ..
$400,000; par, $100. Year onded Dec. 31 1916, gross, $122,427: net.
$57,583: other income, $175,991; Int., taxes, See., $84,070: bal., sur.. $149,.
501. Court; decision as to ownership, V. 102, p. 1346; V. 105, p. 1801,1898.
DETROIT BAY C IT Y & WESTERN R R .— Owns Bay City. M ich., to
Port Huron, 102 miles. Including extension 31 miles in length, completed In
Peck to Fargo. The $592,000 unissued arc reserved for extensions at not
exceeding $8,000 per mile and 75% of cost of additional terminal facilities,
provided the annual net earnings are twice the Interest charges, Including
bonds to be Issued. V. 95, p. 1273. Year ended Juno 30 1916 on 71 miles,
gross, $209,067; net, after taxes, $84,332; int. on $658,000 bonds, $32,900:
Dal., sur., $51,432. Pres., Thomas L. Handy: V.-Pres.. C. W. Handy;
Treas., G. W . Handy; Sec., F. S. Handy. Office, Bay City, Mich.— (V.
102, p. 2254; V 103. p. 1117.)
[ V o l . 10G.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
&A15 Feb 15 1917
Prin. & Int In default
& s Sept '17-Mar’23 Empire Trust Co, N Y
Sc o Oct ’ 17- Oct ’2C Merch L & Tr Co, Chic
Sc J Jan '1 8 -July’22 Jan 1918 coupon unpaid
& o Oct ’ 17-Oct ’2C American Locomotive Co
& s Mar 1 1904
Cont & Com Tr&SB.Ohic
&
&
&
Sc
Sc
Sc
Sc
Sc
Sc
N Nov 11917
o Oct 1932
o Nov 14 1918
() Nov 151918
J Jan 5 1918 2%
J Jan 2 1918 2K
J Jan 2 1918 2 ^
1) June 1 1995
D June 1 1995
Central Trust Co. N Y
First Tr & Sav Bk. Chic
New York and London
do
do
Farmers’ L Sc Tr Co, N Y
H K MoHarg, New York
do
do
J P Morgan & Co, N Y
do
do
& N M ay 1 1961
Sc
<Kc
Sc
&
J Mch 1 1964
S M ch 1 1954
N Nov 1 1925
D J’n e l 1927
Sc J Jan 1 1953
New York Trust Co
New York Trust Co
New York Trust Co
Bankers Tr Co. N Y
DETROIT ORAND HAVEN & MILWAUKEE R Y .— Owns from De
troit to Grand Haven, Mich., 189 miles. Real estate bonds, &c., $220,000.
On June 30 1914 sundry outstanding accounts, $4,204,108. Grand Trunk
of Canada owns entire $1,500,000 stock.
EARNINGS.— 11 m os.,(1917------Gross, $3,042,556; Not(aft. $367,476
Jan. 1 to Nov. 30.
11916------Gross, 2,996,713; rents)
139,313
Year ending June 30 1916. gross, $3,242,210; net, $832,002; charges
I f 63’740^_(V1 96SUr:7891?.930'
Year 1914' 15‘ f^033’ 32,655,552; net.
DETROIT HILLSDALE & SOUTHWESTERN RR.— Owns Ypsllantl.
Mich., to Bankers, M ich., 65 m. Leased in perpetuity July 1 1881 to L. S.
Sc M S. Ry. (now N . Y . Cent. R R .); rental, $54,000 per year— 4% on stk#
V. 106, p. 601.
DETROIT & MACKINAC RY.— Owns from Bay City, Mloh., to Cheboygon, 195 m.; Au Sable division (formerly A. S. Sc N. W. R R .). 50 m.; Rose
City Branch. 31 m.: Prescott Branch. 12 m.: Lincoln Branch. 14 m.; Au
Gres Branch. 8 m.: Alabaster Branch. 4 m.: Hillman division. Alpena to
Hillman, M ich., 22 m.; Rogers City Branch, 14 m.; logging branches
(Iargoly temporary). 36 m.; total. July 1 1916. 387.12 m. In 1915-10, for
est products, 26.44% of traffic. Henry K.M cIIarg aud associates control.
BONDS.— “ Mortgage bonds” for $500,000 were reserved for betterments,
&o., at not over $50,000 per year. V. 74, p. 629. In addition to the
amounts shown above as outstanding, 8450,000 "tlrst lien” and $500,000
•‘mortgage” bonds were on Feb. 15 1918 held in treasury.
DIVIDENDS.— On pref., 2)4% July 1 1903; since to Jan. 1918, 5% y ’ly.
On common, in 1911 to Jan. 1918, 5% yearly (except July 1915 and July
1917 none).
REPORT.— Year onded Dec. 31 1916, V. 103, p. 2074; V. 105, p. 1707.
Cal. Year. Gross. Net aft. Tax. Oth.Inc. Int.,Rent,& c. Divs. Ilal.,Sur
1917...........$1,340,450
$169,734 $96,135 392,000 $97,500 $76,369
1916 --------- 1,254,102
316,488 86,625
99,036 147,500 56,577
— V. 103, p. 1687, 2074; V. 104, p. 2235, 2343; V. 105, p. 1707. 2272;
V. 106, p. 715.)
DETROIT RIVER TUNNEL CO.— Owns double-tube tunnel and ap
proaches under the Detroit River, with terminals, all leased for 999 years
from Jan. 1 1907 to Michigan Central R R . Co. (N. Y . Central System)
which owns tho entiro $3,000,000 stock and guarantees, prin. Sc Int., of the
bonds and 6% on tho stock. Of the $30,000,000 bonds, $12,000,000 are
reserved under restrictions for additions and Improvements, Interest rate
not to exceed 5% . (V. 98, p. 1844.)
DETROIT TOLEDO & IRONTON R R .— Road from Detroit, M ich., to
Ironton, via Lima, 389 m .. Including 45 m. of trackage; branches Kingman
to Sedalla, O., 31 ra.; Jackson to Cornelia, 19 in., and Usman Jet. to Dean,
0 ., 3 m.; total. 441 rn.; coal mine tracks, sidings. Sec., 154 miles. Incorp.
In Dola. Mar. 1 1914 as successor, per plan V. 97, p. 1821, of the Railway
foreclosed. Operates as lessee from May 1 1916 (but keeps accounts separ
ate) Toledo Sc Detroit R R ., Junction to Dundee, 21 miles. V. 103, p. 00.
BONDS, &C.— Tho Issue under the first mortgage Is not limited, but
$1,000,000 thereof will bo disposed of solely to rehabilitate tho property
and provide for equipment and payment of equipment liens, and an addi
tional $1,000,000 solely for Improvements and additional facilities. Fur
ther 1st M . bonds may only be issued thereafter from time to time, under
carefully guarded restrictions, for Improvements, extensions, &c. The
Ohio P. U. Commission In Juno 1916 authorized the Issuance of $100,000
1st M . 50-year 5% bonds at not less than 88 to provide for the purchase of
6 locomotives and 16 refrigerating cars.— V. 102. p. 2341.
Adjustment Mortgage Ronds ($8,000,000 authorized).— Entitled to inter
est, payablo semi-annually, at such rate, not exceeding 5% per annum, as
tne surplus or the net Income as defined in the mortgage shall suffice to pay.
The Interest will be cumulative from Jan. 1 1919, but there will be no right
of foreclosure until maturity of the principal of the bonds. They are calla
ble as a whole with Interest as follows: At 70% during first year, at 75%
In 2d year, at 80% In 3d year, at 85% in 4th year, at 90% In m year and
at par thereafter. Until the full 5% int. shall have been paid for 2 successive
years and at least for 5 years from date of the mortgage, tho holders have
the right to cast one vote for each $100 face amount at all meetings of the
stockholders, but this right may, at the option of the new company, be
terminated upon its agreement to pay the Interest thereon absolutely.
The Toledo Sc Detroit RR. (leased) has $460,000 bonds outstanding.
In June 1917 Issued $500,000 5)4% equipment gold notes on account of
purchase of auto box and gondola cars.— V. 104, p. 2117.
EARNINGS.— 11 m os.,(1 917..Grass, $2,465,914: Net(aft.
$45,322
Jan. 1 to Nov. 30.
U916-.Gross, 2,142,109; routs)
402,370
REPORT.— For years ending Dec. 31.
Calendar
Years—
Gross
Earnings.
Net
Earnings.
Taxes.
Interest,
Rents, c'ic.
Balance,
Sur. or Def.
1917 -------- $2,640,122
$116,020
$96,000
$130,118 dof.$150,098
1916 --------- 2,325,278
552,694
75,467
141,388
sur, 335,840
"Int., rents, taxes, & c.,” include in 1916-17 interest on bonds, &c..
$76,368; taxes, $84,000, and rentals, &c., charges, $66,012.
D irectors:------------------------ (Pres.), Detroit; William Church Osborn,
N. Y .; Otto T . Bannard, Sidney C. Borg, Frederick H. Ecker, Harry
Forsyth. Frederick II. Osborn is Sec. & V.-Pres. Office, Boyer Camp.
Bldg., Detroit, M ich.— (V .104, p.2117, 2445; V.105, p. 997, 1208, 1309.)
DETROIT & TOLEDO SHORE LINE RR.— Extends from Toledo to
(suburbs of) Detroit. 47.6 m.; 2d track, 20 in.; sidings, 3 m.; trackage over
Toledo Ry. Sc Term. Co., &o.. 31 m.; total track. 101.0 m. V 78. p. 2598.
The Grand Trunk Western Ry. aud the Toledo St. Louis & Western R R .
own the entire $1,428,000 stook and Jointly guarantee the bonds, principal
and Interest, by endorsement. Sec form of guaranty, V. 70. p. 653, First
dividend, 4% , paid from earnings prior to Juno 30 1908: In fiscal vear
1908-09. 6% . and In 1909-10, 1910-11. 1911-12, 1912-13 and 1913-14, 8% ;
also In 1911-12, 8% and in 1913-14 $030,000, from accumulated surplus,
paid in 1st M . 4s); 1914-15, 8% and 0% extra. V. 99. p. 1360.
Feb., 1918. J
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Dale
Road Bonds
Par
Value
Dover & Rockaway— Stock 6% rental 990 years------ . — —
$100
Dub & Sioux C ity— See Illinois Central—
210 1887 1,000 &o
Duluth & Iron Range— First mortgage_
- Mp. zo &r
65 1892
D uluth Missabe & N orthern— 1st Div First M tgo.z
361 1906
General mortgage gold s t, red 105___________ Nxc*
1,000
Duluth Rainy Lake & Winnipeg— See Dul Win & Pao.
130 1885
1.000
Duluth So Sh & Atlantic— Marq H & On gen M-Ce.zo*
604 1887
1,000
Duluth South Shore & Atlantic 1st M g ..Ce.xc& r
604 1890
First consol mtge gold interest guar__ Ce.zo*&r
1,000
1892
Income certs held by Can P ao. .................................. z
1896
Oar trusts held by Can Pacific Ity_________________
1913
do
do
do due $11,000 s-a_____ x
1917
do
do
do due $20,000 s - a - .._ - .
1909
Du Winn & Pac— 1st M deb stock guar by Can Nor Ry
1906
1.000
Dul RL &Win 1st M exton’d gred 100 Jolntguar. ICo’
42 1905
1.000
Durham & So Car— 1st M $300,000 g red 105--MeBa.x
— 1905 1.000&o
Durham Union Station— First M *75.000g--G .xo*& r
Dutchess County RR— See Central New England Ry
49 1908
1,000
East Broad Top RR & Coal— 1st M ext 1 9 0 8 ...
49 1908
100 Ac
2d M Incomes______ ___________________________ „
10 1908
600
Shade Gap 1st mortgage............................ ..............c*
38 1906
1,000
East Carolina Ry— First mortgage $300,000 gold----- x
50
East Maha noy RR— Stook.............. - - - - - - = ,- ,- .7- V o
50
East Pennsylvania— Stook 6 % guar 999 yrs Phlla & R - 36
36 1888
First mtge gold guar p & I by P&R RR (end) kvo*
1,000
East Tennessee Virginia & Georgia— See Southern Ry
36 1905
1,000
East Tenn & W No Car— 1st M g <V 8 1 p 1723) GuP.zo*
Eastern Ry of Alinnesota—See Great Northern
357 1912
£1 Sec
E dm onton Dunv & Br Col— 1st M deb stk gu soe text
120 1916
1,000
1st M (on extensions) $2,420,000 g $20,000 p m -----a An additional $1.216,910 pledged by Can Nor Ry V 106 P 1304
EARN ING S.— 11 mos., f 1917.-Gross, $1,680,179; net (after $371,549
Jan. 1 to Nov. 30.
\1910--Gross, 1,607,246;
rents),
549,076
Year ended Dec. 31 1916. gross, $1,757,543: not income, $930,581: other
Income. $7,345; interest;rentals, & c„ $460,625: divs (8% ) $114,240; bal„
eur., $363,061. Pres., Walter L. Ross.— (V. 99, p. 1366.)
DUI UTH & IRON RANQE RR.— Owns Duluth to Winton, Minn,,
120.12 m.; Tower Jet. to Tower. 1.40 m.; Allen Jet. to Virginia, 24.48 m.;
McKInlev to Eveloth, 9.05 m.; Waldo to Winton. 15 m.; Mesaba to
Dunka ftivor, 17.21 m.; Robinson to Burntside Lake, 3.16 m.; other
branches, 6.03 m.; branches and spurs, 72.25 m.; trackage to Union Depot,
Duluth, 0.80 m.; total, 269.50 miles. Second track and sidings, 250.52 m.
Owns ore docks and yards on Lake Superior costing over $1,500,000.
STOCK. &o.— Stock, auth.. *10,000,000: out., *6.500,000. Federal
Steel Co. (see U. S. Steel Corp.) owns the stock. First M tge., authorized,
$25,000 per mile for construction and $7,000 for equipment. Dividends
since 1904: 1905, 65% ; 1906, 40%; 1907. 80%: 1908, 80%; 1909. 145%; in
Amount
Outstanding
Rate
%
49
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
6
A
& O Oct 1917 3%
8,151,000
1.174,000
10.665,000
5
6g
5g
A
J
J
&
A
&
1.077.000
3,816.000
15,107.000
3,000.000
86,213
121,000
372.000
a7.004,997
2,000,000
300.000
60.000
6
5 g
4g
4
5
4*
5
4
5g
5g
5g
A
J
F
& o Apr 11925
A J Jan 1 1937
& A Aug 11990
Matured
A
.)
J
J
M
M
&
&
&
&
&
A
55 Wall St. New York
do
do
New York or London
Held by Canadian Pacific
Held by Canadian Pac
o To Apr 1 1923 Cont&ComT&SBk. Chic
J To Jan 1 1927 First Tr & Sav Bk, Chic
D June 1 1939
London or Toronto
J Jan 1 1921
Chase NatBk.NY; & Chic
S July 1 1941
Merc Tr So Dep Co, Balt
N May 1 1955
Guaranty Trust Co, N Y
600,000
464,400
92,500
300.000
497,750
2,126.900
495.000
4
4
4g
4g
5
6
4g
J &
J &
J &
J A
J &D
J A
M &
J Jan 1 1958
406 Lafayette Bldg, Phil
J July 11958
do
do
J July 1 1958
do
do
J July 1 1936
Safe Dep & Tr Co, Balt
15 D ecl5 1917 2H Reading Term. Phlla, Pa
do
do
J July 18 1917 3%
S Moh 11958
do
do
5g
M & N Nov 11935
$150,000
500.000
£1.438.356
$2,420,000
o
Oot 1 1937
J Jan 1 1922
J Jan 1 1941
F Sc A16 Feb 16 1943
4
4H g semi-an Oct 22 1944
143 Liberty St New York
Offloe Empire Bldg, N Y
Company’s offloe. N Y
Guar Tr & S D Co. Phlla
Lloyds Bank. L td., Lond
Nat’l Park Bank. N Y
The $2,000,000 Dul. Rainy Lake & W. bonds were extended In 1916
to Jan. 1 1921 (callable at par & int.) with the unconditional guaranty of
prln. and Int. o f Dul. Winn. & Pac. and Can. Nor. V. 102. p. 152.
In Dec. 1917 made a mortgage to secure demand loan from Canadian
Government. V. 105, p. 2364.
E A R N ING S.— 6 mos.. (1916...................Gross. $880,883; net, $252,792
July 1 to Dec. 31.
\1915--------------- Gross. 690,715: net. 222,469
Eleven months from
/1917-.Gross, $1,889,416; net (after $297,669
Jan. 1 to Nov. 30.
ll916--G ross, 1,736,188;
ronts),
363,038
EARNINGS.— For year end. June 30 1916, gross, $1,692,720: net
$634,439. Year 1914-15, gross, $1,285,548; net, $314,393 — (V. 105, p.2346.)
DURHAM & SOUTH CAROLINA R R — Durham. N. O .. south 42
miles to Duncan on Norfolk & Southern. Stock, $500,000; par. $100.
Bonds, see table. Year 1915-16. gross, $88,051; net, $40,604; Int. on bonds.
$15,000: surplus, $25,604. Loans and bills payable June 30 1916. $7,500.
An unconfirmed press dispatch in Jan. 1918 stated that the property had
been sold to Interests affiliated with the American Tobacco Co. V. 106,
p. 189.
Pres., Ernest Williams, Lynchburg, Va.— (V. 106, p. 189.)
Jan. 1 to Nov. 30.
\1916 Gross, 6,964,823; ronts),
3,203,775
DURHAM & SOUTHERN R Y .— East Durham to Dunn. N. O., 57 m.R E PO RT.— For year ending Dec. 31 1916, V. 104, p . 1263:
Durham to East Durham, 2 m. Stock authorized, $2,000,000; out.. $1,
Cal.Yr. Gross.
Net.
Oth.Inc. Int., Ac. Dividends.
Snrnlus
350.000; par, $100. In 1916, gross. $375,196; net, $199,489; other income.
1910--S7,015.736 $3,158,538 $225,843 $741,070 (25)$1.625,000 $1,017,711 $2,722; taxes, $17,686: charges, $15,378; divs. (8% ), $108,000; surp..
1915.. 5.846.651 2.742.839 249.435 965,828 (50)1,500!000 526 445 $61,148. Divs. of 24% were paid in 1910-11; in 1911-12, 24%: in 1912-13.
— (V. 104, p. 1263; V. 105, p. 283.)
14%; In 1913-14, 11%; 1915, 7 K % ; 1916. 7% . Pres., B. N . Duke, N . Y .;
DULUTH MISSABE & NORTHERN RY.— Owns from Stony Brook to See.. A. B. Cauthen. Office, Durham. N . C.
Mountain Iron. Minn., 48.32 m.; Missabe Jet. to Columbia Jet.. 29 34 m.DURHAM UNION STATION CO.— Owns passenger station at Durham,
Iron Jet to Blwabik, Minn., 15.37 m.; W olf to Hibblng, Minn., 17.26 m.; N. C.. opened May 1 1905 and used by the Southern R y., Seaboard Air Line
W olf to Virginia, Minn., 6.30 m.; Hull Jet. to Hull Rust Yard, Minn.. R y „ Norfolk <5c Western Ry. and Durham & Southern, which each own one18.16 m.; main line branches, 36.55 m.; branch from Alborn northwesterly fourth of *33,300 stock. Lease provides for rental by several lines sufficient
to Coleraine, Minn.. 53 miles; other branches and spurs, 154.85 miles; sec to pay Int. and othor charges. Pres., H. W . Miller; Sec., O. D . Mackay.
ond track and sidings, 332.37 miles; trackage to Union Depot. Duluth, 1.9
EAST BROAD TOP RR. & COAL CO. (Pa.)— Owns from Mount Union.
miles, and Missabe Junction to Spirit Lako Transfer Connection, Minn.,
to Alvan, Pa., 33 miles; Orblsonla to Neelyton, Pa., 10 miles;
6.83 m. Also leases from Spirit Lake Transfer Ry. (V. 104. p. 664) and Pa.,
Rocky Ridge to Evanston. Pa., 4.93 m.; Coles to Midvalley, 2.56 m.; total.
Interstate Transfer R y., 24.96 m ., with 2.10 m. branches and spurs and 49.30
m. A coal road opened In 1874. V. 97, p. 1663, 1822. Stock,
11.25 m. yard tracks and sidings. Owns extensive ore docks at Duluth. $938,825 (par $50). of which $246,750 Is 6% non-cum. pref. Second rotee.
Entire $4,112,600 stock controlled by U. 8. Steel Corp.
4% Income bonds, $464,400. due Jan. 1958, given In 1908 for back Interest
BONDS.— Of the gen. 5s of 1906, bonds are reserved to retire the under from 1885. Year Doc. 31 1916. gross, S313.126; net, $132,845; other inc..
lying bonds: additional bonds may be Issued at not over *30,000 per mile foi $12,223; int., $42,276; bal., $102,792. Office, 406 Lafayette Bldg., Phlla.
additional single main track and *20,000 for second, third and fourth main — (V. 97, p. 1370.)
tracks and for not over 75% of cost o f improvements, &c. Sink. f d „ 2% yly.
EAST CAROLINA RY.— Owns Tarboro to Hookerton, N. C., 38 miles.
(Incl. bonds In s. f.) retires by lot at 105. V.88.p,822; V. 98. p. 1693, 1844. Incorporated
In North Carolina July 1 1S98. Leased to Pres. Henry C .
DIVIDEN DS paid fiscal years ending June 30: 1912, 100%; 1913, 85% . Brldgers for 4% yearly on stock, payable Deo. 10. Stook auth., *200,000.
1914 7 5 % ‘ 1015. 10%; 1915-16, 76%; 1916, 100%.
outstanding June 30 1916. *55,500: par. *100. Bonds, see table above.
EA’R N m G S — 11 mos.,/1917 Gross, $14,961,664; net (aftor $5,780,948 For year ending June 30 1916. gross, $70,553; net, $18,715; othor Income,
Jan. 1 to Nov. 30.
\1916 Gross, 14,022,742; rents),
7,776,593 $6,655; Int., &c., $25,371; balance, none. Pres., Treas. & Gen. M gr.,
RE PO RT.— For year ending Dec. 31 1916, V. 105, p. 284: Gross earn Henry O. Bridgens; V.-Pres., John L. Brldgers; Sec., Haywood P . Foxings. $14,389,278; net, $7,823,688: other Income, $209,596; Interest and hall. Office. Tarboro.
EAST MAHANOY RR.— Owns from East Mahanoy Junction to St.
charges, $1.171,lid : dividends U00%) $4,112,500; bat sur., *2,749,669.
Nloholas and branches, 11.35 m.; 2d traok. 4.26 m.; total track 21.00 m.
In 1915 gross was $9,909,549; net. So,523,946.— (V. 105, p. 284.)
Re-leased
Deo. 1 1896 for 999 years to Little Schuylkill Nav. R R . & Coal Oo.
DULUTH & NORTHERNJMINNESOTA R R .— Knife River. Minn, to at 5% on stook,and
lease assigned to Phlla. & Reading R y. Of the stook,
Meredith. 80 miles, and extension Milo Post 87 to Milo Post 99, 12 miles
built In 1917. Capitalization at last accounts, $1,000,000 capital stock, *280,000 was deposited by Reading Co. under Its general mortgage.
In $100 shares; no bonds. Pres.. B. W. Arnold, Albany; Troas., Russell A.
EAST PENNSYLVANIA R R — Owns Reading. Pa., to A llentow n/Pa..
35.77 miles; miles 2d main track, 34.64; all track, 98.91 m. Leased for 999
Algor, Detroit.
„ DULUTH SOUTH SHORE & ATLANTIC RY — Operates Superior to years from May 1 1869 to the Phlla. <& Reading R R . at a rental of 6 % per
Sault Sto. Marie, 410 miles; ‘ Soo Junction to St. Ignace, 43 miles; othor. ann. on the stock & int. on bonds So taxes. Lease assumed lu 1896 by the
Phlla. & Read. Railway Co. Of the stock, *1,275,300 was owned by Read
174 miles; total, 627 miles. Including 26 miles o f trackage.
CAPITAL STOCK.— Common, *12,000,000; pret. 6% non-oum„ *10.- ing Co. June 30 1915, *1,271,450 being deposited under gen. mtge. of 1897
000,000; par, both *100. Can. Pao. D ec3 1 1916owncd *6.100.000 com. and
EAST TENNESSEE & WESTERN NORTH CAROLINA R R —A narrowgauge road from Johnson City, Tenn., to Cranberry, N .C .,3 4 m .; also John
$5,100,000 pref. stook. *3.000.000 Incomes and *15.107.000 consols.
BONDS. &o.—Abstract first mortgage V .4 5 . p. 274.
son City to Valley Forge, Tenn., 12 m.. third rail. Controlled by Cranberry
The Urst consolidated mortgage of 1800 has Interest at 4% , guaranteed Iron So Goal C o, The same Interests In 1913 purchased Linville River R y ..
by Can. Pao.. which July 1 1916 held the entire outstanding issue (*15,107,- Cranberry to PIneola, 12 rallos. 3-ft. gauge. V. 96, p. 1156, 1296.
000) In Its treasury as security for its 4% debenture stock; consols for $4.
Capital stock. $490,800. Dividends, 4% paid since 1908-09; in 1909-10
893.000 are reserved for prior bonds, and additional amounts may be Issued 8%; 1910-11. 9% & 10% extra; 1911-12, none; 1912-13, 18%; 1913-14.
at 520.000 per mile of new lines.
Due Canadian Pacltlo Ry. June 30 1917 17%; 1914-15, 15M % ; 1915-16. 1344%. For year ending Dec. 31 1916,
for guaranteed lntorost advancos. $9,846,475. Car trusts of 1896, $88,213: gross, $271,162; net, $129,757; other income, $7,691; Interest, &c., $43,976;
oans and hills payable, $ 1,140,000; car trusts, $560,800.
alv. (1244%). $61,350; surplus, $32,122. Pres., F. P. Howe, Johnson
City,
' f . — (V. 96, p. 269.)
EARNINGS.— For 6 mos. ending Dec. 31:
GMOrtths—
Gross.
iVeL Olh. Income. Charges.
Balance.
EASTERN KENTUCKY R Y .— Riverton to Webbvllle, K y „ 36 miles.
19}7........................ $2,256,449 S471.£74 354,010 $657,150 def.$131,366
Stock, common. $1,697,800; pref., $1,779,500; par, $100. No bonds.
1916.................... .. 2,014,847
62b,/63
32,3o4
011,157
sur.47,960 Loans and bills payable June 30 1916. $102,657. In 1915-16, gross, $43,931
def.. $7,633; other Income, $1,214; deductions, $2,775; bal.. def.
RE PO RT.— Report for year ending June 30 1917 in V. 105, p. 1305* oper.
$9,022. Pres., C. Minot Weld.— (V. 90. p. 1362.)
Of the tonnage in 1916-17, ores furnished 30% , lumber, &c. 26% .
Year—
Gross.
Oper. Inc.
Other Inc.
Charges.
Bal., D ef
EDMONTON DUNVEQAN & BRITISH COLUMBIA R Y .— From
Edmonton, Alberta, through Dunvegan to the western boundary o f the
1916-17-.$4,074,693
$827,379
*92,818
$1,059,672
$169,776
1915-16-. 3,506,792
772,614
58,678
971,612
140,320 Province at Spirit River, 357 miles, was placed in operation In Nov. 1916.
together
with lines from Spirit River to Grand Prairie, 55 miles, and the
Pres., A. B. Eldrldgo, Marquette, Mich.— (V. 106, p. 189.)
Central Canada Ry. (V. 100, p.1436), Wlnagami to Peace River, 4844 miles.
DULUTH WINNIPEG & PACIFIC RY.— Owns entire *2,000.000 stock A branch, extending from Carbondale, Alberta, northward to Lac la
of Duluth Rainy Lake & Winnipeg Ry.. Virginia, Minn., north to the Cana Biche, Alberta, 113.2 miles, was opened for traffic In February 1916
dian Northern at International Falls, 98 miles, giving that road access V. 102, p. 975.
The 30-year 4% debenture stock (at present lim
to Duluth and Two Harbors: Virginia to Duluth, 81 miles. Capital ited to $7 ,000,000, at $20,000 per mile, on said 350 m .). Is Issued under a
stock auth., $6,000,000; par. $100.
Controlled by Canadian Northern trust deed dated July 22 1912 to the National Trust C o., Ltd., trustee, and
R y.. V. 98, p. 1601; V. 102, p. 152.
Is guaranteed, prln. & Int.. by the Province of Alberta. The $2,420,000
SECURITIES.— The first mtge. 4% deb. stock of 1910 Is guar., p. & l„ by 1st M . 444» of 1916, with same guaranty, cover 120 miles of extensions.
the Canadian Northern Uy. Of the $10,500,000 auth. Issue, £1,473,353 V. 103. p .938 . Seo V. 95. P. 1273: V. 96, p. 419. 1422. Formed in 1912
sol<!- $1,525,000 was issued to retiro existing securities, $2. by Pres. J. D. McArthur o f Winnipeg and associates and In 1913 took over
000,000 is reserved to retiro the Duluth Rainy Lake & Winnipeg bonds (ex Alberta & Great Waterways project (V. 97. p. 886; V. 89. p. 1346).—
tended In 1916 to 1921), the remaining bonds to be available for further ex (V. 104, p. 55').)
tensions, &c. On payment o f D. R L. & W. bonds In 1921 Its property
EL PASO & NORTHEASTERN CO.— Owns the El Paso & Northeastern
will bo transferred to the company, so that the debenture stock will become R R . and Ry. from El Paso, Tex., to Corrizosa, N. M ., 144 miles, with
a first charge on 173 miles, the D. It. L. & VV. stock in the meantime being branches, 25 m.; controls and operates El Paso So Rock Island R y .. Carrivested with the trustees, the National Trust Co. o f Toronto and the BrIti3U xosa to Santa Rosa. 128 m.; Atamagordo St Sacramento M tn. R y., AlamaEmpire Trust Co. V. 102, p. 162; V. 90. p. 1490; V. 91, p. 154, 1322.
g o r d o .N .M .. to Russia. 31m .; Dawson R y., Dawson to Tucumcarl, N .M .
RAILWAY STOCKS AND BONDS
E! Paso & Northeast— N M Ry & C col tr g red 105-Ns
N M Ry A Coal M gold _____________________ Eq.x
Alam A Sao Mt first rntgo *900,000 gold guar__ Ns
El Paso A Rook Isl lslt M $2,500,000g guar__Eq.xo*
Dawson Ry A Coal ool trust gold guar p & I.Eq.xo*
El Paso Southw estern Co— Stk (auth $35,000,000)
El Paso & S VV RR— 1st & Ref M g $25,000 p in . . . F
EliPaso Union Pass Depot—1st M g $240,000 sf.E q x
Elgin Joliet & Eastern— 1st M ($10,000,000) g.Cer.o*
Elkin & A lleghany— 1st M gold red 107K -B a.x*c
_ 1st A Rof M $3,750,000 gold...........................Col.
Income bonds $750.000______________________Col.
Elmira & Lake Ont— Sodus Bay A So— 1st M g-Un.xo
Elmira St Williamsport—Stook oom 5% rental------N.o
Preferred stook 7% rental 999 years Northern Cent
First mortgage extended 1 9 1 0 _________________ kv
Income bonds 999 years to run________________ zo*
Erie & Kalamazoo (leased) stock Tolodo to Palmyra
Erie & Pittsburgh—Stook 7% rental 999 yrs Penn Co.
Speclal guaranteed betterment stock $2.500,000__
General mtge (now 1st) $4,500,000 gold guar-Un-k
Gr'e Railroad—Common stook $153,000,000 auth___
Second pref stock 4% non-oum redeemable at p a r..
First pref stock 4% non-cum redeemable at par__
A— Old Bonds Assumed— Roads Consolidated
N Y & Erie 1st M Plerm to Dun ext 1897 gold.xc*
Second mortgage (extended In 1879) gold___ zo*
Third mortgage (extended In 1883) g old ........ zc*
Fourtn mortgage (extended In 1880) gold___ zc*
Fifth mortgage (extended in 1888) gold______ xc*
Erie Ry 1st M Bufi Br Hornellsv to Attica gold-zo*
First consol mtge $30,000,000 gold $ or £.F .zo*
N Y I. E & West First Consol mortgage gold___ zo*
Buff A S W 1st M gold ext 1908 red 105 gotd-.xo*
Newburg A N Y 1st M gold extended In 1889-. vo*
Ch & Erie 1st M g (Marlon O to Ham'd Ind) .Ce.zo*
Erie & Jersey 1st M g s f red text_______G.c*&r*
Genesee River 1st M gold s fd red text___ G.c*&r*
'iHSChlcago & Atlantlo Terminal first mtge gold.Cez
Miles Date I Par
Value
Road Bonds
103 1897
1901
" s i 1898
128 1901
113 1901
453 1915
4K 1905
181 1891
1911
1914
IBM
34 1884
73
73
73 1860
1863
*22
83
83
83 1890
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Equitable Trust Co, N Y
$ 1,000 $3,000,000
o g A A O Oct 1 1947
do
do
1,000
1,793,000
5 e A A O Oot 1 1951
do
322,000
do
1.00U
5 g A A () Apr 1 1928
do
do
2,500.000
5 g J A J Jan l 1951
1,000
do
3,000,000
do
1,000
5 g J A J July 1 1951
100 25,000,000 5 in '16
Q— M Dec 1 1917 IK
Farm l, & Tr Co. N Y
1.000
5,055,000
5 g A & o Apr 1 1905
204,000
5 g J A J Jan 1 1919-1935 Equitable Trust O o ,N Y
1,000
71 Broadway, New York
5 z M A N May 11941
1,000 10,000,000
192,000
1,OJO
6 IT ■r A J July 1 1941
400,000
0 8 M & N May 1 1944
80.000
May 1 1944
% -- Troas Pa RR,Phila&N Y
500,000
1.000
6 8 J A J July 1 1924
M & N Sue text
Broad St Station, Phlla
600,000
5
50
do
J A J See text
do
500.000
7
50
do
J <3g J Jan 1 1950
do
963,000
4
1,000
do
A A () Oot 1 2S02
do
570,000
5
500
Lincoln Nat Bank. N Y
F & A Seo text
300,000
Text
50
50 2 ,000,000
7
Q _ J Dec 10 ’ 17 IK Amor ExchNatBank.N Y
do
do
1.717,500
7
50
Q —M Dec 10 ’ 17 IK
Penn R R Agent, Phila
1,000 3,899,000
3K gJ & J July 1 1940
100 112.378,900
April 1907 2%
100 16,000,000
do
April 1907 2%
100 47,892,400
447
447
447
475
475
60
520
520
67
12
250
39
32
1817
1,000 2.482.000
1849
1,000 2,140,000
1853
1,000 4.017.000
1857
1,000 2,926.000
709,500
1858
500 Ao
182,400
200 Ao
1861
1.000 16,801,000
1870
500 Ao 3.699,500
1878
50 Ao 1,500,000
1877
250,000
1,000
1808
1890
1,000 12,000,000
1.000 7.354,000
1905
1907 1.000 Ac 5,963,000
1,000
300,00)
18SS
132 m.; Burro M tn. R R ., Jet. to Tyrone, N. M .. 13 m.; total. 470 miles.
Name changed from New Mexico Ry. & Coal Co. in 1905. Operated
as eastern division of El Paso & Southwestern Comp mu.
See below
The Dawson Ry. A Coal Co., stock $100,000, has Issued $3,000,000
collateral trust bonds, whloh are guaranteed, principal and Interest, and are
seoured by the stock and bonds ($3,000,000 each) of the Dawson Ry., and
those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about
25.000 acres of coal, mineral and timber lands, being sold In 1905 to the
Stag Canon Fuel Co. V. 73, p. 900: V. 74, p. 776; V. 87, p. 1604, 1536.
STOCK.— Stock, $12,000,000. Ownod by El Paso & Southwestern Co
BONDS.— The New Mexico R y. & Coal Co. coll, trust 5s of 1897 ar°
seoured by the stook and bonds of El Paso A N. E. Ry. of New Mcx. ($2.‘
700.000 of each), the stook of the El Paso A N. E. R R . of Texas. $300,000
(no bonds Issued), and all the stook ($100,000) and all the bonds ($1,500,
000) of the New Mexico Fuel Co., the latter covering 3.500 acres of coal
lands. V. 74, p 776. The other Issues are guaranteed.
Now York office. 99 John St.— (V. 87, p. 1605.)
WIEL PASO SOUTHWESTERN C O .— A holding company, controlling
the El Paso & N. E. Co. (which seo abotfd) ind El Paso S .W .R R . (see below
and other properties. Capital stock $25,900,000 (largely owned fay! Phelps
Dodge & Co. mining interests). In 1917 tho $2,000,000 funded debt was
paid off out of surplus earnings.
EARN ING S.— 11 m os.,f 1917-Gross, $12,459,001: net (aft. $1,657,819
Jan. 1 to N ov. 30.
\l916-Gross, 11,475,655: rents),
1,308,322
R E PO RT.— Report of entire system (1,023 mile3) for years ending
Doc. 31 1916 and .June 30 1916. V. 103, p. 1632. 1705.
1916(CaL) 1915-16.
1916(CaL). 1915-16.
Deduct—
$
$
Oper. revs...12,014,004 10.671.627 Rentals, & c._ 4.543,350 3,497,681
Net,after tax. 5,610.926 4.262,499 Interest. & c ..
______
134,511
Other income. 2,514,516 1,937,441 Dividends (6 %) 1.500,000(5) 1250.000
r..3
-—
*—
.-.T o t a l _____ 8.125.442 6.199.940
B a l„su ro -_ 2.032,092 1,317.749
Pres., T . M . Schumacher; Soc. & Treas., Goorgo Notman.— V. 104,
p. 1044,
flflELIPASO & S O U T H W "'” 'IRN R R .— Owns from El Paso. Tex., to
Tucson, Ariz., 457 miles. Forms the western division of tho El Paso &
Southwestern system (see El Paso & Northoastarn Co. above). Its $14,000,
000 stock being held la tho treasury o f the El Paso & Southwestern
Companu, which seo. V. 101, p. 237; V. 100. p. 549; V. 101. p. 2144. 2151.
A new First & Rof. Mtge. has boon made securing bonds with Interest
payable J. & J.— (V. 103, p. 1682, 1705; V. 101, p. 287.)
EL PASO UNION PASSENGER DEPOT.— Owns depot at El Paso, Tex.
which was completed about Nov. 1 1905. Leased by El Paso Northeastern
El Paso Southwestern, Galveston Harrisburg & San Antonio (So. Pao. S ys.)"
Atch. Top. A Santa Fe, Texas & Pao. and Mex. Cent, railroads ou a wheel*
age basis providing for maintenance and all oharges. Stock authorized$240,000; outstanding, $88,800; owned equally by six roads named. Of
bonds (see table above), $12,000 mature Jan. 1 yearly, beginning 1910
V. 78, p. 104; V. 81, p. 1043. Pres., G. S. YVald; Sec., W. R. Martin;
Treas., U. S. Stewart.— (V. 82. p. 1496.)
ELGIN JOLIET & EASTERN R Y.— Owns from Waukegan, III., on Lake
Michigan, via Spaulding and Joliet, to Porter. Tnd., 129.9i miles, and
branches Normantown to Aurora, 9.63 m.— Walker to South Wilmington.
III.—32.72 miles; Hammond to Whiting, Ind., Ao., 0.92 miles; Griffith to
Cavanaugh, Indiana, 7.02 miles: Rockdale Junction to Rockdale, 0.54
miles; Cavanaugh to Shearson, Indiana, 2.18 miles; total main line
owned. 194.96 miles; spurs to ooa! mines, &o., 37.29 miles; track
age, 214.23 miles; 2d track, 11.65 m.; side and yard tracks owned, 179.53 m.;
total, 097.71 miles. Also lease* Chic. L S. A East.. 18.73 in , with 307.88
m. branches and spurs and 14.87 m. 2d track, and 144.81 m. yard tracks
and sidings, for 60 vears from Juno 1 1909, and. with tho U. S. Steel Corp.,
guar, its $9,000,000 434% bonds, p. & 1. V. 89, p. 1410. Controlled Y>y
U. S. Steel Corporation.
STOCK.— $10,090,000, as Increased from $6,000,000 la June 1999; par;
$100. Dividend, 4% yearly (In Deo.) In 1899 to 1915.
EARNINGS.— 11 mos., 11917-Gross, $14,621,184; net (aft. $1,006,234
Jan. 1 to Nov. 30.
\1916.Gross, 13,057,439: rents),
1,770,492
June 30
Gross
Net, after
Other
Interest,
Dies.
Balance.
Year— Earnings.
Tares.
Income. Heats, Ac.
(4% )
Su-plus.
1915-16..$13,353,457 $5,271,426 $131,011 $1,122,670 $100,000 $936,391
1011-15
3,541.355 2.893.0.1 131.600 1.817.891 109.000 721.700
Pres., A. F. Banks.— V. 103. p. 1301. 1333; V. 105. p. 1309. 1522.
ELKIN & ALLEGHANY RY. —Constructed by the State o f North Caro*
lina from Elkin. N O.. to Venoer, 15 miles. O. B. Penney and M. W
Thomson were made receivers in Dec. 1915. Foreclosure sale set for
Oct. 23 1917. Stock outstanding, $436,400; par, $100.— (V. 105, p. 1522.)
ELMIRA Sc LAKE ONTARIO R R .— Owas from Canandaigua. N. Y ., to
Chemung Jet., 61 in.. Sodus Point to Stanley, 31 m.; other, 2—total, 100 m
Leased to the Northern Central, which owns all the $1,500.0)0 stock.
Penn. RR. assumed lease In 1914. Lease may be terminated on 30 d ays’
notice. Rental, not earnings.
Cal. Year—
Gross.
Net.
hit.. Ac.
Deficit.
oper. inc.$.39.771
$211,186
$180,410
1916.................. $1,355,492
1915 .................. 1,097,023
op. dof. 101.934
173.724
275,70
ELMIRA & WILLIAMSPORT R R .— Owus from Williamsport, Pa., to
Elmira. N. Y., 73.49 miles. Leased to the Northern Central Ry. for 999
years from May 1 1863. Lease was assumed lu 1911 by Penn. RR. Co.
The dlvs. on tho com. stock are 5% and ou the pref. 7% , less taxes, making
dlv. on com. 4.52%. and on pref. 6.32% . Tho $963,000 1st 6s duo Jan. I
1910 wore extended to Jan. 1 1950at4% . V. 89, p. 1667. Cal. year 1918,
gross, $1,851,259; not, $01,985: rental, $130.020.— (V. 97. p. 686.)
ERIE & KALAMAZOO R R .— Vulcan near Toledo to Palmyra, 22 miles.
Leased In porpetultv In 1819 to Lake Shore (now N. Y. Central RR.) at
$30,000 per ann. Dividends 1913 to 1915. 93a % per ann. V. 106, p. 4 )8.
Amount
Outstanding
M &
4 g
M A
5g
4H gM A
5 g A
4 g J A
4 g J A
7 g M A
7 g M A
5 g J A
J A
5 i
5g M A
6g J &
6g J &
b e J A
N May 1 1947
S Sept 1 1919
S Moh 11923
o Oot 1 1920
n June 1 1928
j July 1 1931
S Sept 1 1920
S Sept 1 1920
J July 1 1918
J Jan 1 1929
N May 1 19.82
J July 1 1955
J July l 1957
J July 1 1918
z]
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page, ]
[Vol. 10G
oJ
50
do
do
do
do
do
do
do
do
do
do
do
do
do
do
da
do
do
do
do
do
do
do
50 Church St, New York
do
do
do
do
ERIE & PITTSBURGH RR.— Owns New Castle, Pa., to Girard, Pa.:
79.56 miles; branch to Erie docks, 3.41 m.: trackage to Erie, 16.74 m.; total
operated, 99.71 miles. Leased to Penn. R R . for 999 years In 1870 at 7%
on stock and interest on bonds and since Jan. 1 1918 oporated directly by
it. Under agreement of Nov. 1 1905 tho Penn. RR. provides .sinking fund
Installments required by tho gon. mtgo., the E. & P. to deliver its 33$%
debentures at par for such advances and at maturity of the Gon. Mtgo.
bonds to exchange new mtgo. bonds therefor. Debentures Doc. 31 19i7,
$557,990.
STOCK.— The special betterment stock ($2,500,000 auth.) Is subordinate
to the old stook, but guaranteed 7% dividends. Dividends on old stook are
tubject to a 4-mIll tax on assessed value, on special betterment, tax-free.
EARNINGS.— Loss to the leasees In 1912. $40,222; 1913, profit, $38,332;
1914. loss, $111,322; 1915, loss, $55,754; 1916, prodt, $102,430.— (V. 105,
p. 2093; V. 106, p. 395.)
ERIE RAILROAD.— (See Man on preceding page.)—'Embraces trunk line
from Jersey City to Chicago, 111., and branches, 2,257 rnllos; second track.
1,236 railos; third and fourth tracks, 37 milos;-total, all main tracks, 3,530.
Leased Lines—
Miles.
Lines Owned in Fee—
Miles.
Pterinont, N. Y ., to Dunkirk.. 447 Avon Gen. A Mt. Morris______ *15
06 Montgomery A Erie__________ *10
Buffalo to Jamestown, N. Y __
Buffalo to Corning, N. Y ______ 140 Northern RR. of New Jersey.. *26
Hornell to Buffalo____________
92 Goshen A Deckertown________ *12
Other branches_______________ 206 Rochester A Gonessee V alley.. *18
83
Stock all (a) or nearly all (b) ownea. Other lines____'_____
Leased to Nupano RR.—
aChlcago A Erie R R __________ *250
aJefferson R R ________________ *45 Cleve. A Mahoning Valley R R . *81
N. Y. A Greenwood Lake R Y . . *53 Sharon Railway_______________ *31
15
Erie A Wyoming Valley R R __
64 Other lines___________________
75
aNypano Railroad___________ 422 Trackage_____________________
bTloga Railroad_____________
58
Other lines___________________
48 Lines In system Dec. 31 1916..2,257
N. Y. Susquehanna A Western. *221
• See this company.
bNew Jersey A NewYork R R . *38
The Erie & Jersoy RR. completed In Jan. 1909 a low-grade cut-off from
Highland Mills via Campbell flail to Graham, N. Y ., 38.0 tnilas, and the
Gonosee River UR. in 1910 from Hunts to Cuba. N. Y .. 32.6 miles. V. 84.
p. 1366, 1488; V. 81. p. 777; V. 99. p. 816. (Sue below.) In 1910 acquired
half-interest with Penn. Company in the stock and bonds (except a few
2d mtgo.) of Lorain Ashland & So. R R ., Lorain to Custaloga, O., 67 miles.
HISTORY.— On Deo. I 1895 succeeded, per plan In V. 61, p. 368, tho
N. Y . Lake Erie A Western R R . Co., sold In foreclosure under Its second conolldated mtge. The company holds In fee or through ownership of all or
practically all the stock of the subsidiary companies the line from New
York to Chicago (Including the Nypano RR. and Chlo. A Erie companies).
COAL PR O PE R T Y.— Tho allied coal properties at last advices aggre
gated 12,400 acres of anthracite, of which about 9,000 acres, and 53,000
acres of bituminous coal lands woro hold by allied companies. 14,000 acres
of bituminous held under mineral rights. Its coal and coke tonnage In
theyoar 1916 aggregated 19,082,331 (40.46%) outof44,359,34l tons hauled.
Penn, coal properties acquired In 1901 aro additional. V. 82, p. 1322.
STOCK.— Prior and General Lieu bonds of 1895 have 10 votes for each
$1,000 of principal, their authorized Issues aggregating $175,000,000- of
which $90,104,000 issued to July 31 1917. Provisions of proforrod stock
were in "Supplement” of April 1897, pago 3. V. 66, p. 33.>, 573.
DIVIDENDS (cash) %\ ’01. ’02. '03. '04. '05. '06. 1907. ’ 08 to Fob ’ 1
On first preferred_____)
IK
3 3)1 4 4
4
Apr,, 2
0
On second preferred__ J
. . . . 2
4
Apr., 2
0
BONDS.— First Consol, mtgo. of 1.895 for $175,000,000 (Farmers
Loan & Trust Co., trustee)—see abstract, of deed, V. 62. p 89. socuros the
$35,000,000 Prior Lieu (V. 103, p. 1032) and $140,000,000 General Lion
bonds. Both sorios have voting power; seo “ Stock" above
Of the $140,000,000 Consol M . Qen. Lien is, $92,668,009 wero reserve*! for
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list, V. 62, p. 89), and $17,000,000 were
reserved for new construction, bettermonts. additions, Ao.. after 1897 —
not over $1,000,000 to bo usod In any one yoar. On May 1 1917 $55,104,
000 Gon. Lion bonds had been issued, of which $35,885,000 were in hands of
the public and $19,219,000 wore ownod by Erie RR. (In March 1917 $18,
217.000 of those wero pledged to secure tho $15,000,000 note issuo— V. 104.
p. 1044). V. 102, p. 2077; V. 97. p. 1898; V. 100, p. 1108.
The collateral trust 4s of 1901 are seoured by 51% of the entire N. Y
Susq. A Western stook ($26,000,000 total Issue), all of the Pennsylvanio
Coal Co. stook. and the stook of the Erie A Wyoming Valley RR .. Scranton,
Pa., to Lackawaxen, 05 miles, and Delaware Valley & Kingston R R .
Slaking fund of 10c. per ton of coal mined from mines of Penn. Coal Co.
V. 71, p. 1219, 1311; V. 72. p. 44. and circular, p. 136, 532, 257; V. 79, p.
212; $9,247,000 Included In tho $34,000,000 * outstanding" woro In sinking
fund July 31 1917.
The Gen. M. Convertible 4s of 1903 ($50,000,000 auth.) aro Issued
from time to time as required and may bo made convertible Into com. stock
at a price to be flxod when the bonds are Issuod, but not loss than $415$ por
share; they will cover all the company’s property subjoct to underlying lions.
Series A was convertible to Apr. 1 1915. Series B bonds for $12,000,000
are convnitlble Into common stock at $80 per sharo at any time since Oct. 1
1907 and before Oct. I 1917. V. 70, p. 382, 541; V. 78, p. 70S; V. 79,
p. 2205: V. 84. P- 270.
In 1918 $19,627,130 Gon. M . 4% bonds Series D (V. 102. p. 66. 345)
were underwritten and offered (at 85) to shareholders and holdors of
Series B. These bonds are convertible at option of holder Into the common
stock at 50 ($200 par valuo of stock for $100 pir value of bonds), after
April 1 1918 to Oct. 1 1927. Seo "Finances” below and V. 105, p. 606.
On April 1 1917 $8,372,000 Gon. Mtgo. convertible 4s wero pledged as
part collateral for $15,000,000 now notes.
The shareholders on Dec. 1 1916 authorized a Refunding and Improve
ment mortgago, limited to $500,000,000 (maturing as to Sorios A at
Dec. 1 1936), to provide for refunding existing funded debt and for
necessary capital expenditures over a long period of yoars, but early In
R A IL W A Y STOCKS A N D BONDS
co
52
R A IL W A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations. A c.. see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[Vol. 106.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Erie RR (Concluded)—
B— Erie Railroad Company Bonds
$1,000 $1,000,000
5 g J A J July 1 1918
67 1895
Second mtge on Buff <Sc S W gold ext 1908— Q.xo
First Consol Mtge o f 1895, securing—
1,000 35,000,000
1895
(1) Prior Hen bonds 535,000,000 gold____F.xo*Ar
4 g J A J Jan 1 1990
1,000 35,885,000
r A 3 Jan 1 1996
1895
4 g
(2) General lien 5140,000,000 gold...........F.xo*Ar
1901 1,000 Ao 34,000,000
V A A Feb 1 1951
4g
Penn coll trust M 536,000,000 g s f (text) Ba.xoAr
1903 1,000 Ao 10,000,000
A A O Apr 1 1953
4g
General Mortgage Series A, $10.000,000.„Cl.xc*Ar
1903 1,000 Ac 11,015,000
Series B. $12.000.000___ xc*&r
4 g A A O Apr 1 1953
convertible,
None Aug ’ 17...........
Series C $8,000,000 all In treas .
100 Ac 19,627,100
A & O Apr 1 1953
____ ________Series
D, $20.000,000--------xc*&r
1903
4g
$50,000,000
—
500 Pledged
1916
Refunding & Impt Mtge $500,000,000 g Ser A
Ba
—
1917
1,000 15,000,000
Collateral gold notos $15,000,000 g call 101 Ba.yc*
5 g A & O Apr 1 1919
Equipment trust cortfs— seo tablo In te x t _________
Avon Geneseo & Mt Morris and Rochester & Genesee Valle y Stoo ks— See t hose Compa nles.
C— Bonds on Properties Controlled by Ownership of En tire (•) or a Maj orlty (6) of Capital S took, or by (c) Lease
A A O Apr 1 1921
200,000
5
1,000
10 1881
Bergen Co 1st M Ruth Jot to RIdgew ext 1911__ x
246,500
6
’ 68- ’6fl
1928-1929
cGoshen A Dcck’ t’ n 1st & 2d Ms (560,000 are 2d).z
170,500
Various 1926-1927
5
’ 66-’67
eMont A Erie 1st & 2d Ms (540,500 are 2d)_____z
300,000 414 A 6 J A J July 1 1927-29
8 ’67-’69 500 Ao
Jefferson 1st & 2d Ms ext In '87 & ’89(H’ daleBr).xc
1,000 2,800,000
5 g A A () Apr 11919
37 1889
1st M Carbon to S depot g ext ’09 red 105.-FP.xo*
1,000 7,500,000
6 g A A () Oct 1 1935
1885
Long Dook Co cons M g (now 1st M) (see text).xo*
100 Ac
1,471,900
M A N May 1 1946
52 1896
5g
( N Y 4 Greenw L prior lien M 51.500,000 gold..N x
500 Ac
394,000
5
M A N May 1 1950
34 1880
&New Jersey & New York 1st M ext In 1910— xo*
500 Ac
631.000
1892
5
■J A J Doc 31 1932
General mtge 51,200,000 (red 105 after 5 yrs) g _x
6 cur M A N May 1 1922
1882
1,000 1, 100,000
N Y L E 4 W C RR 1st M "lawful money” .Mp.zo*
1883
1,000 3,396,000
5 g 3 & J July 1 1943
NYLE&YVD&ICo ex g’ 13red text(V96.p 1776) F.xc*
500 Ao 8.000.000
422 1880
N Y Pa A Ohio prior lien mtge gold 5 or £ — F.zo*
414 g M A S Mch 11935
Do Leased lines— see separate statements for Cl evelan d A M ahonlng Valley RR and Sbar on Ry
N Y Susquehanna A Western— Northern New Jers ey— T toga R R— See e aoh oompan y
6
J & J Jan 1 1920
600 &c
600.000
134 1917
Evansville & Indianapolis— Recelv certlfs call 1016 g J & J July 1 1924
1,000
54 1884
647,000
First mortgage gold guaranteed------------------- F.xc*
1.000
1.853’,000
6 g J & J Jan 1 1926
.134 1886
Cons M ($2,500,000) g gu p&i(end) E & T H -.F .xc*
Evansville & Terre H aute-See Chicago & East 1111 QOls
M A N May 1 1936
32 1911
1,000
400,000
6
Fern wood & Gulf RR— First mortgage 5500.000_____
100 18,860,000
5
Q—J Jan 1 ’ 18 144%
Fitchburg— Preferred 5% rental--------- --------------------1,000 5,000,000
4 • M A N Feb 1 1937
1887
Bonds to State of Mass 4% since Feb 1897-----------zr
•J A D June 11920
500,000
4
1890 1,000 Ao
Bonds not mortgage________________________zcAr
Various 1927-1928
4
Bonds not mortgage (52,750,000 are 4s of ’97)-zcAr
’97-98 1,000 Ac 4,200,000
'00-01 1,000 Ac 2,275,000
Bonds not mtge (51.775,000 are 314s of ’01)--zoA r
314 A A O Oct 1 1920-21
A A O Apr 1 1927
4
1907 1.000 Ao 2,000,000
Bonds not mortgage 52.000.000 ....................zo* Ar
50 Church St, New York
50 Churoh St. New York
do
do
do
do
do
do
do
do
do
do
50 Church St. New York
50 Churoh St. New York
50 Churoh St, New
Fidelity Trust Co,
50 Churoh St, New
J P Morgan A Co,
do
do
50 Church St, New
do
do
do
do
do
do
J P Morgan & Co.
York
Phlla
York
N Y
York
N Y
Mech & Mot Nat Bk, N Y
July 1914 coup not paid
do
do
InterstatoT&BkCo, N O
Office, Boston A Me.Bost
Office Flt«hburgRR,Bo*t
do
do
do
do
do
do
do
do
1917 general financial conditions made It Inadvisable to sell any of these Robert W . Pomeroy, Grenville Kane, George F. Brownell, Geo. G. Mason.
bonds and the note Issue below mentioned was floated (V. 104, p. 1498). — (V. 105, p. 1898, 2093. 2183, 2272; V. 106, p. 295.)
V. 103, p. 1412, 2078; V. 104, p. 451. In N ov. 1917 authority was ob
EVANSVILLE & INDIANAPOLIS R R .— Owns Evansville to Terre
tained to Issue $15,000,000 6% Series A Ref. A Impt. Mtge. bonds dated
Dec. 1 1916, to reimburse the treasury In part for expenditures made from Haute via Worthington, 134 miles. Was controlled by Chicago & Eastern
Income within the last five years. Of the initial issue, the company was Illinois R R . by ownership of entire $2,000,000 capital stock, but in M ay
authorized forthwith to pledge $8,750,000 as collateral security for a short 1916 passed under management of Wm. P. Kappes as separate rocoivor.
term loan aggregating $5,000,000, with the right to use the remaining Foreclosure suits ponding under both mortgages. V. 102, p. 608, 2077;
$6,250,000 as security for other and additional loans, upon the basis of V. 99, p. 119. In Fob. 1917 $675,000 (total Issue) of receiver’s certificates
not more than $175 In amount of bonds for each $100 in amount of loan. was sold with prior lien on road for general rehabilitation. V. 104, p. 863.
It is supposed that the company used some part o f the new bonds as col In Sept. 1917 the road was not yet paying its way. See statement by bond
holders' committee. V. 105, p. 1419. Freight and passenger rate in
lateral to secure bank loans. V. 105, p. 2093.
In Feb. 1915 sold $7,400,000 Erie & Jersey (closed) 1st M . and $6,000,000 crease in 1917, seo V. 105, p. 1801.
Genesee River 1st M . bonds. Both Issues are subject to call as a whole or
Committee Jor Bonds.— Fredk. H . Shipman (Chairman), Edwin Gibbs.
In part to July 1 1920 at 110, and thereafter at 115. Cumulative annual (Sec.); Farmers’ Loan & Trust C o., N. Y ., depositary. Largo majority
sinking fund of each issue. Both roads have been merged in the Erie R R . deposited. V. 105, p. 1419.— (V. 105, p. 1419.1801.)
Co. V. 100. p.474, 481,397. 555, 641.981, 1437; V. 104. p .863.
The$15,000,000 coll.notesdated Apr. 11917 are secured (at par value) by
FERNYVOOD & GULF RR.— Owns Fernwood to Kokomo, Miss., 32 m.
the following collateral (par value): (a) Consolidated General Lien 4s 1996, Stock outstanding June 30 1916, $100,000. Bonds, seo tablo abovo. For
$18,217,000 (ft) General Mtge. convertible 4s 1953, $8,372,000: and (c) year ending June 30 1916, grass, $179,944; net, $56,651. In 1914-15,
Columbus & Erie RR. 5% notes, $200,000; the withdrawal value of this gross, $158,149; net, $36,613.
Pros.. F. B. Enochs; V.-P., N. E. Ball;
collateral being 70% , 80% and 100%. The proceeds were used to retire Sec., J. L. Bentz; Chief Accountant, L. E. Smart. Office, Fernwood, Miss.
$13,500,000 544% notes and for improvements. V. 104, p. 1044.
N.
Y. Lake Erie & Western Docks Sc Impt. Co. 1st 6s were extonded FITCHBURd RR.— System extends from Boston, Mass., to Troy and
30 years from July 1 1913 at 5% : they are redeemable at 10244 on or before Rotterdam, N. Y ., 251 miles: branches to Worcester, Bellows Falls, Ac.,
July 1 1918 and at 105 thereafter. V. 96, p. 1422, 1772; V. 97, p. 54. 370. 209 m.; 460 m. in all, of which 59 m. (FItohburg to Greenlleld) leased from
Vermont A Mass, and 5 m. other cos.: second track 200 m. V. 84. p. 1366.
Long Dock 6s,see March 1894 “ Supplement," under N. Y . L. E. A W.
LEASE.— Leased for 99 years from July 1 1900 to Boston A Maine for 5%
As to extension of bonds of Northern R li. of N. J . see that cos. statement.
on pref. and 1% on com. stock, organization expenses, int. on bonds, taxes,
Car Trust Series. Cold (Denomination $1,000 each). See V. 88. p. 882. expenses of maintenance, Ac. Boston A Maine holds 55,551,400 of the
Date. Interest.
Outstanding.
Mature in Installments.
57,000,00C common stock, the remainder being In the treasury. V. 70,
‘ *Q” _ -X ____ 1911 444 F&A $1,610,000 T o Aug 1921
$230,000 s.-a. p. 76. 125. 176, 583 1291; V. 71. p. 29. 543; V. 72, p. 532.
" R ” __x ____1912 444 F&A
972,000 To Aug 1922
108,000 s.-a.
In Aug. 1916 the B. & M . was placed in receivers’ hands, bu tin Jan. 1917
100,000 s.-a. Fitchburg interest and dividends were being paid as usual. V. 104, p. 256.
“ S” ___x ____1912 444 J&D 1,000,000 T o Dec 1922
" T ” __x ____ 1913 5 J&D15 726,000 To June 15 1923
66.000 s.-a.
BONDS, &c.— Debentures, see V. 60, p. 967; V. 84, p. 158, 270. As to
MU” __z___ 1913 5 J&J
1.293.000 ToJuly 1 ’23 $117Mor$118Ms.-a.
**V” - . x ____ 1913 5 J&D15 600,000 T o June 15 1923
100,000 yrly. $1,350,000 bonds of 1912, see V. 93, p. 730, 1461, 1725, 1786; V. 94. p. 68.
"A A ” . x ____1913 5 M&S
672,000 To 8ept 1 1923
56,000 s.-a. $450,000 issuo of 1912. see V. 96. p. 359. V. 97. p. 802. 950; V. 98, p. 839,
1156, 1392. Stockholders Sopt. 26 1917 authorized $3,700,000 bonds to
585.000 To Aug 1 1924
45,000 s.-a.
“ B B " ........... 1914 444 F&A
refund $2,609,000 floating debt and provide for improvements, rescinding
" C C ” ...........1916 444 J&D 3.423.000 T o Dec 1925
213,000 s.-a
$3,300,000 authorization of 1916. V. 105, p. 1309. On Dec. 1 1914 gave
“ D D ” .........1916 4 44 J&D 1.062,000 To Juno 1926
62,500 s.-a
VEE” ...........1917 4>4 A&O 3.496,000 To Apr 1 1927
184,000 s..a; Boston & Maine $750,000 notes to reimburse it for advances; those have been
extended to June 1918. The $1,359,000 6% notes duo March 1 1916 wore
Interest paid: “ J” and “ L ” in New York; Series **K” at Nat. Bank of replaced
by 5% notes due Feb. 15 1918, the retirement o f which on Jan. 17
Commerco, N. Y .; Series “ M ” at Girard Trust C o., Phlla.; Series “ N ” at had
yet been decided upon, and the $500,000 5% notes duo June 30
First Nat. Bank, N .Y .; Series “ O” at Central Trust Co., N .Y .; Serles“ Q’ 1917not
were reissued, due June 30 1918. Treas. George O. Foster (V. 103,
at Fidelity Tr. C o., Phlla.; “ T ” Columbia Tr. C o.. N. Y .: “ U” and “ V*’ p.
60, 1118, 1210; V. 105, p. 1103, 1309; V. 106, p. 295.)
In N. Y .; *‘A A ,” “ B B ,” “ C C .” “ D D ” and “ E E ” at Com'l Tr. C o., trustee,
Phlla. For security o f equip, trusts o f 1916, see V. 102, p. 608, 2077, 2166;
FLORIDA R Y .— See page 212,
issuo of 1917, V. 105. p. 1617.
FLORIDA EAST COAST R Y .— Owns from Jacksonville, Fla., via St.
FINANCES.— Circular as to Refunding & Impt. bond Issue was fully
cited in V. 103, p. 1412. Compare above as to authorization o f S15,000,000 Augustine to Key YVest, 522 m.; branches, 240 m.; trackage, 3 m.; total,
765 m . Forms connection to Southern and Eastern Florida and thonce to
of these bonds in 1917, also V. 104, p. 1498.
for the Atlantic Cast Lino, Southern Ry. and Soaboard Air Lino.
The proceeds of the $19,627,100 General Mortgage convertible 4s Cubaferry
service from Key West to Havana, 96 miles. V. 97, p. 1115,
sold in 1916 (see above) were used In part as follows: (a) $10,000,000 Car
1281.
1583;
V. 99, p. 406; V. 100. p. 140; V. 102, p. 1346.
in retirement o f the 5% notes which matured April 1 1916; (6) about
STOCK.—
$12,500,000, all sold at par. V. 96, p. 1840; V. 105, p. 497.
$2,000,000 to complete the double tracking and grade reduction on 35 miles
of the Chicago & Erie Division between Lomax and Griffith, Ind., and to
BONDS, &c.—The 1st M . 444s ($12,000,000 auth.) are a first lien on 617
Increase the terminal facilities in Ohio. (V. 102, p. 66,1896; V. 105, p.606.) miles. V. 88, p. 1620; V. 94, p. 1185; V. 98, p. 1993.
Regarding $15,000,000 notes dated April 1 1917, see above.
Int. on Incomes, 314%. paid Nov. 1 1910; Nov. 1911, 4% ; Nov. 1912.
From 1901 to 1916 the company expendod about $120,000,000 on addi
tions and betterments. Including double-tracking, improvement o f grades 913 and 1914, 214%; 1915, 4% ; Nov. 1916, 5% ; Nov. 1917, 5% .
and alignment, additional sidings, equip., &c. V. 102. p. 66, 1896.
EARNING S.— 11 mos.,11917--Gross, $7,483,634: Net(aft. $2,762,601
Jan. 1 to Nov. 30.
\1916--Gross, 7,081,732: routs)
3,536.716
EARN INGS.— 11 mos., f 1917.-Gross, $73,767,041; Net(aft. $6,477,034
Jan. 1 to N ov. 30.
\1916--Gross, 68,534.686; rents) 13.414,569
REPORT.— Fiscal year now ends Dec. 31. For yoar ending June 30
REPORT.— For cal. year 1916, V. 104, p. 1482, 1496:3 mos. to Sept. 30, 1916. In V. 103, p. 1684. showing:
Gross
Net
Water
Interest on
Interest, Bal..
1917, V. 105, p. 2183.
Year— Earnings. Earnings.
Line.
Income Bds. Taxes,Ac. Sur.
3 Mo3.toSept.30: Gross.
Oper. Inc. Other Inc. Ini., Ac.
Surplus.
$
$
S
S
5
1917.................. $18,925,562 $2,830,185 $3,700,338 $4,332,814 $2,203,708
1916.................. 17,213,815 4,509,692
816,908 3,866,826 1,459,773 1916-17.7,787,813 3,645,8650.912,126 (5% )1,250,000 1,133,237 2,174,754
1915-16.6,374.933 2.648,2650.560.631 (5%) 1,250,000 1,076,008 882,889
Operating Results---------Year end. Dec. 31------ 6 Mos. to 12 Mos. end. 1914-15.5.392.782 2,054.946 0.4 0.00 0 (4%) 1.000,000 831,627 213.319
Pres.. YV. H. Beardsley; Treas., L. O. Halnos.— (V. 105. p.497. 818.)
Miles oper. 2257.
1916.
1915.
Dec. 31 T4. June 30 ’ 14.
Total oper. revenuos.--$74,311,262 $66,436,720 $31,216,708 $60,983,575
FONDA JOHNSTOYVN & GLOVERSVILLE RR.— Owns Fonda to
Oper. exp., ta x o s .& c -.. 55,682,662 45,670.748 24,386,652 48,224,007
Northvllle (steam), 25.47 m.; Gloversvllle to Schenectady (eleotrlo), 32.26
tn.; Gloversvllle to Fonda (electric), 8.70 m.; Belt line In Amsterdam
Operating income------$18,628,600 $20,765,972 S6.830,056 $12,759,568
(electric), 3.67 m.; Belt line In Gloversvllle (electric), 3.84 m.; Hagaman
line (electric), 2.29 m.; second track (electric). 22.97 m. Operates under
1916.
1915.
1916.
1915.
Int. on fund.
$
Inc. Acct.—
$
S
leaso branch line Broadalbln Jet. to Broadalbln, 6.15 m. (stoam); also local
$
Oper. incom e.18,628,600 20,765,972
d e b t ...........10,361,414 9,977,578 line Gloversvllle to Johnstown (electric), 4.08 m.; yardlngs and sidings,
D lv .in co m o .. 2,042,421
645,335 Other int., &c.
238,573
909,825 13.30 in.; trackago, 1.99 m.; total, 88.45 miles of road (125.10 miles of
track), of which 103.91 on private right of way and 21.19 miles on streets
Other income- 1,711,809 1,818,880 Amort, dt. dis.
86,204
Sink., &c.,fds.
881,920
836*068 and highways. The Little Falls Sc Johnstown R R ., owned by allied inter
ests, is building an electric road from Little Falls to Johnstown, 28 miles,
Gross Inc__22,382,830 23,230.187 Inv. in phys.
Hire of equip- 2,411,743
872.910
property___
513.833 1.383,754 with branch from St. Johnsville to Canajoharie, 8 miles. V. 95, p. I l l , 1123.
Rent for leased
Owns entire $105,000 common stock of Coal Co. o f Fulton Co. All
T ot. deduc. 17,750.918 17,213,968 Interest in the Edison Electric Light & Power Co. of Amsterdam has been
roads______ 2,245.031 2,295,149
Oth. rents &c. 1.012.200
938,654 Bal., surplus- 4,631.912 6,016.219 sold. Also owns 66 2-3% interest in stock and bonds of Adirondack Lakes
OFFICERS.— Pres., F. D. Underwood; V.-P. and Gen. Solicitor, G. F. Traction Co., 4 miles.
Brownell; V.-P., G. N . Orcutt; V.-P. and Sec., David Bosman; V.-P.
DIVIDENDS.— On com., 2 % . July 20 1910: July 10 1911, 2% ; Aug.
Delos W . Cooke; V .-P ., Albort J. Stone; Treas.. D. W . Bigoney; Comp., 1912
and 1913, 2% ; 1914 to Jan. 1918, none. V. 99, p. 637.
C. P. Crawford, 50 Church St., N . Y .; Gen. M gr., R. S. Parsons.
BONDS.— Consol. 414s. $7,000,000 auth.; $1,850,000 is reserved to re
DIRECTO RS.— Gatos W . McGarrah, A. M . Anderson, Ogden Mills, tire prior liens. V. 76, p. 265. Guarantees $30,000 Glovorsville Sc BroadF. D. Underwood, Francis Lynde Stetson, Geo. F. Baker, Myron T. Her albin 5s and $50,000 Jonnstown Glov. & K. 5s and $50,000 8 % stock.
rick, B. A . Eckhart. L. F. Loree, E . J. Berwind. Mitchell D . Foilansbee
Loans and bills payable outstanding June 30 1917, $225,000.
F eb ., 1918.]
R A IL W A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, <fee.; see notes on first page]
'F itch bu rg RR. (Concluded)-
Bonds $3,700,000 authorized_____________________
Troy A Boston first mortgage (V 53, p 405)— zo&
Notes duo Juno 1 1917 extended a year_________
Notes subj to call duo Feb 15'17 ext twice in 1 year
Notes (to pay bonds) call 10044__________________
Vermont A Massachusetts plain bonds guar— zo&i
Florida Ry— First mortgage $4,000,000.
Florida Central & Peninsular— See Seabt
Equipment trust certs ser A, due $50,000 yearly —
Equipment trust certs ser B (auth $1,000,001" J“
$ 100,000 yrly— ............................................
Florida West Shore— Seo Seaboard Air Line.
Fonda Johnstown & Qlovcrsvillc— Common stock—
Pref stock 6% cum call at 105 $1,000,000 auth----First consol refunding mtge $500,000 gold.N.xo*
General refund mtge $800,000 (V 71, p 34)--N.xo*
Fort Dodge Des M & So— Common stock------Preferred stock 7% cum ulative------------------- ----1st M g red 105 $50,000 duo serially Dec 1 to 1937-.
Fort Smith & Western— 1st M $7,500,000 gold._.xo*
Fort Street Union Depot— 1st M gold----------------- Cex
Gold notes__________ _____ _________ . . . „ . . . x c *
Port Wayne & Jackson— Preferred stock 5 ^ % rental
Ft W orth & Den C ity— 1st M g $18,000 pm Ba.zc*
Eq tr Ser O $56,000 s-a red aft May 20 10244— FP
Gainesville Midland— First M $1,000,000 g red at 110
Notes $400,000 auth extondod to Oct 1 1919—
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
$1,000 &o $3,660,000
1,000 &o 2,400.000
1,200.000
1,000 &o
1,000 &c
400.000
1.000 &c
1.872.000
______ N one O c t.' 17
1.000 &o
573,000
750,000
1,359,000
1916 1.000 &c
500,000
1903 1,000 Ao
772,000
4
444
444
444
6
M
M
J
J
J
7
6
6
5
344
J A
.1 A
F&A
J& D
M A
5
J
1905
1908
1912
1913
1914
1917
35 1874
59 1909
100
...
__
26
26
26
4
14
75
...
—
124
--...
...
98
454
—
74
...
1917
1,000
____
1881
1897
1900
1893
1892
1902
—
....
1913
1904
1891
1915
—
1881
1915
1905
1913
100
100
100 &c
1,000
1,000
1.000
1.000
1,000
100
_______
$100 Ac
1.000
1.000
1.000
100
1.000
1.000
1,000
100 &c
R EPO RT.— For new fiscal year end. Dec. 31 1917, in V. 106, p. 607:
Years— Gross. Net aft.Tax. Oth. Inc. Int., Ac.
Fre/. DjB.
Surplus.
1917 $1,064,318 $421,687 $23,780 8392,852 (b%)$30,000
$22,615
1916
999,967
437,985
32,231
396.999 j 6% ) 30.000 44,210
— V. 103, p. 758, 838; V. 104, p. 863: V. 105, p. 818; V. 106, p. 607.)
FORT DODQE DES MOINES & SOUTHERN R R .— Owns from Des
Moines, la ., to Fort Dodge, Boone, Ames and Rockwell City, 1284* m.;
also extension to Lehigh and Webster City, 25 miles; total, 153K miles.
' • ■ ■ ■ a steam .line
. . but nowv electrically equipped. V. 97, p. 1357,
Originally
1426, 1583: V. 106, p. 393.
______________
1916.
1917.
1918.
D
IV ID E N D S.—
Oncom m on______________________ - — - - 3
6
Fob. 1 % qu.
On preferred___________________ Feb. 1W 6 to Feb. 1918 7% (1 K % Q-F)
BONDS.— (open mtge.). Initial issue, $5,500,000, was offered by N. W .
Halsey A C o., in 1915. See V. 101. p. 1272, 1972. Duo serially on Dec. 1,
$50,000 yearly. 1916 to 1937. both Inclusive, and remainder In 1938. but
redeemable all or part on any Interest dato at 105 and lnt. Additional
bonds Issuablo only for 80% o f cost of additions, & c.#when annual net earn
ings are 1 % times interest charges, Including the bonds proposed. V.
10EARNINGS.— Year ending Juno 30 1916, ctoss, $1,337,569; not,
$634,789; other income, $72,070; lnt. on bonds, $282,185: dlv., $67,250
taxes, $23,022; bal., sur., $334,401. For 12 months ending Sept. 30 1917,
gross income was $1,551,126; net Income, S/08,587; annual lnt. on first
mtge. bonds, $280,000. V. 106, p. 395.
ors:’ C. Sidney
Shepard. Wallace B. Donharn, Pa Hoy Sheldon,
Directors
" ‘
Homer 1Loring, Samuel H. Powell. Pres., Homer Loring (201 Devonshire
ton), Treas., F. M . Johnston; Gen. M gr., C. II. Crooks, Boone, la.
St., Boston)
(V. 106, p. 395.)
FORT SAIITH & WESTERN RR.— Operates Fort Smith Ark., to Guth
rie, O. T., 216 miles, of which Coal Creek. I. 4 .. to Guthrie, 196 m, is
owned and Ft. Smith to Coal Creek, 20 m.. Is Kansas City Southern track
age. In Oct. 1915 contracted for use of M . K. & 1 . tracks. Pallia to Oklahoraa City, 30 miles. V. 101, p. 1653. Coal properties aro developed
at McCurtaln, Okla., 40 m. west of Fort Smith, producing an average of
30,000 tons per month. Owns 51% of the capital stock of the St. Louis El
Reno & West. Ry., Guthrie to El Reno, 0 . 4 ., 42 m., oper Independently.
On Oct. 9 1915 Gen. Mgr. Arthur L. Mills was made receiver. V. 101.
p. 1272. Bonds deposited till July 1 1917, with a committee consisting of
W . L. Brown, A. W. Mellon, Colgate Hoyt, W. II. Conniff, W. O. Mather.
J. J. Sullivan, Goo. S. Russell, James J. Hoyt, S. II. Tolies, O. O. Bolton
and A. O. Dustin (Superior Savings & Trust Co. o f Cleveland, the mtgo.
trustee, depositary), with power to sell or oxchango the same. &c. V. <jl
p. 1446: V. 92, p. 527. In Oct. 1916 was ordered sold under foreclosure!
but up to M ay 31 1917 no dato had been set for salo. V. 103, p . 1592.
Stock, $5,000,000, all outstanding; par $100. For th o4sof 1904 ($7,500.
000 auth.), Superior Sav. & 4’ rust C o., trustee. Car trusts outstanding
Dec. 31 1910, $51,511. Bills payable outstanding Dec. 31 1916, $370,000.
EARN INGS.— 11 m os., (1917----- Gross, $1,038,120; Net(aft. $200,951
Jan. I to Nov. 30.
\1916----- Gross, 825.986; rents)
82.640
For year ending Dec. 31 1916, gross, S927.14o; not, $ 192,95.3; other Inc.,
$12,680; lnt., taxes, &c„ $390,870: bat., def 8185 237
PregM A 0 |
Dustin, Cleveland, O.— (V. 103, p. 1592; V. lOo, p. 2183 )
FORT STREET UNION DEPOT.— Owns passenger station with ap
proaches, 1.4 m ., connecting with Dotrolt Union RR. Dopot & Station C o.
property, leasod for 990 years from Doc. 10 1889 to Wabash, Pore Mar.
quette and Canadian Pacific for rontal equal to15 %1 o f total cost o f property
and current expenses. Incorp. In Mich. Aug. 24 1889. Stock, $1,000,000,
of which Pore Marq. owns $515,800; par, $100. On July 1915 Issued
$329,000 6 % notes exchangeable for like amount o f 5% bonds duo July 1
1918. As bonds aro exchanged they are deposited as collateral to the notes.
Pres.. Frank H. Alfred, Detroit.— (V. 100. p. 1832.)
FORT WAYNE & JACKSON RR.— Owns Jackson, Mloh., to Fort Wayno
In d „ 98 miles. On Aug. 24 1882 leased perpetually to Lake Shore A Michi
gan Southorn (now Now York Central at a rental or $128,027, equal to
545% on the prof, stock (see V. 56, p. 812), and after 1887 any not earnings
over 8 % on pref. stock to be paid on com., but not exceeding 2 % a year.
Common stock, $438,132. V. 108, p. 601.
0 J “
FORT WORTH & DENVER CITY RY.— Ft. W orth, Tex., to Texllne
454 miles. Owns securities of Ft. W. A Den. Term. Ry.
STOCK, &o.— Colorado & South. Ry. Doc. 1916 owned all but $13,984
of the $9,375,000 capital stock, tho latter Including $6,835,008 common
and $2,539,992 stamped stock. V. 03, p. 1083, 75.
Payments under stamped stock agreement of Oot. 12 1895: 2% In ’OS1899. 2% ; 1902. 4% : Fob. 1903, 1904, 1906 to 1913, 4% each; June 30
1913,3% .and Dec. 31,1% and 2% extra to bring payments within cal. year
1914, June 30. .3%: Dec. 31, 1% and 2% extra; 1915. 6% ; 1916, 8 % .
BONDS.— Abstract of mortgage, V. 45. p. 440. Certfs. of Indebtedness
owned by Colo. Sou. Doc. 31 1916, $299,917. Equipment trust, V 82
p. 1101: V. 84, P. 508.
m
,
,
Tho Fort Worth A Denver Terminal Ry authorized an Issue of $2,500 000
30-year 6% bonds dated Deo. 1 1907 (Bankers Trust Co., N. Y., trustee)
subject to call at 105, of which $728,000 have been issued, $300,000 sold ami
$428,000 held by Ft. W. A D. C. Ry. V. 88. p. 52, 1100, 1589: V. 87, p. 949.
EA R N IN G S.— 6 m os.,/1916...........Gross, $3,345,229; not. $1,338,840
July 1 to Dec. 31. 11915...........Gross, 3,115.334; net, 1,118 025
For 11 mos., Jan. ’
Nov. 3 0 .............
For yoar ending June
■ .. „
1914-15. gross, $5,302,762; not $1,326,559; other Income. $42,047; bond
lnt., $520,171: other charges, $345,916; bal., sur., $o02,519. Pres., Geo
B. Harris.— (V. 82. p. 1156; V. 84, p. 503.)
GAINESVILLE MIDLAND R Y .— Owns Gainesville, O a „ to Athens. 42
miles, staudard gauge, and Belmont to Monroe, 32 miles, gauge now
standard. V .7 9 .p . 151,269,500.627. Stock, all out, $550,000.
Of the 1st 5s of 1905 ($1,000,000 auth.), $661,000 has been sold and $14,.
000 Is reserved to roliro old 6s; $28,000 troasury bonds and $192,000 issued
See text
617 1909 1,000 &o 12,000.000
1909
25.000.000
1914
1.000
250.000
290,000
53
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
& N May
& N May
a
J Jan
a
J Jan
& J Jan
A
1 1925
1 1928
1 1932
1 1933
1 1934
.1 July 1 1924
1)
15 Feb 15 1918
30 June 30 1918
N May 1 1923
J July 1 1959
Office, Fitchb R R , Bost
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Nov 1908 coup last paid
445 g J A D June 1 1959
Bankers Tr Co, 14 Wall St
New York
5% pd Nov 1 ’ 17 July 1 1959
M & N May 1 1918-’22 N Y , U S M tg & Tr Oo
5
6
A
&
O Oct 1 ’ 18 to ’27 N Y Mtge & Tr Co. N Y
Aug 15 ’ 13 2%
2,500,000
6
500,000
Q— M Dec 15’ 17 1 44%
A A O Apr 1 1921
200,000
6
500,000
4 45 g J & J July 1 1947
800.000
4 g J & J July 1 1950
50,000
J & J July 1 1933
5
A A O Oct 1 1922
350,000
6
5,150.000
445 g M A N Nov 1 1952
2,500,000
c; — F Feb 1 1918. 14*
1,300,000 64* 1917 (, — F Feb 1 1918, I K
5,600,000
5 g J & i) Dec 1 1918-38
6.240,000
A A O Apr 1 1954
4g
1,000.000
445 g .T A J Jan 1 1941
See text
J A J July 1 1918
6
2,291,416
545 M A S Mar 3 1917 2 K
8.176,000
6 g J A n Deo 1 1921
896,000
445 M A N May 1 1925
See text
5 g M A N Nov 1 1935
325.000
8
<; — J Oct 1 1919
Checks mailed
do
do
Imp & Trad Nat Bk, N Y
New York Trust Co, N Y
do
do
FulCoN Bk,G lov'lle,N Y
Farmers’ L A Tr Co, N Y
New York Trust Co, N Y
N ew Y ork
907 ooup last paid
Central Trust Co, N Y
Merc Nat Bk, Boston
Farmers’ L & Tr Co, N Y
Office, 32 Nassau St, NIY
Fidelity Trust Co, Phila
Chatham Bank & Tr Oo
to cover broadening gauge of 32 miles are pledged to secure an Issue of
$400,000 3-yoar 6% coupon notes of 1913. These n<
notes also have as addi
tional security the following, pledged by individual owners: $630,000 1st M .
bonds (1905 Issue), $514,000 out of $550,000 cap. stock. Of these notes,
$325,000 are Series A, having a prior lien on the collateral and $75,000 Series
B, $250,000 of Series A have been issued and Installments paid thereon to
the extent of $213,285; Series B is all out. V. 97. p. 950; V. 81, p. 1848.
The Chatham Bk. & Tr. Co. is mtge. trustee. V. 81. p. 1375, 1550.
Year ending Dec. 31 1917, gross, $192,682; net, $33,751; lnt., taxes. &c..
$77,805; bal., dof., $44,054, agst. $19,419 in 1916. Pres., Geo. J. Baldwin;
Sec., Gordon O. Carson, 120 Broadway, N. Y .— (V. 97, p. 950.)
GALVESTON HARRISBURG & SAN ANTONIO RY.— (See Map Southern
Pacific.)— Owns Galveston, via Houston, Tex., to east bank of Rio Grande
River, 825 miles; Beevllle to Rosenburg, 147 miles; San Antonio to Port
Lavaca, 130 miles: Magers to West Shore. Galveston Bay. 46 miles; Warton
to Palacios, 08 miles; branches, 119 m ., owns Jointly 2 m.; trackage. 1 m.;
total. 1.345 m. Southorn Pacific Co. owns $27,055,900 of the $27,084,372
stock (par $100). V. 79, p. 2042; V. 81. p. 211. 608, 1242; V. 8? . p. 1528.
BONDS.— The Gaiveston-VIctorla Dlv. 1st M . 6s ($10,000,000 auth.
Issue) cover tho properties acquired In 1905 and the new line from Stockdale
to Cuero, Tex., 47 miles; $9,022,000 of the bonds have been Issued, and are
held by the So. Pac. V. 92. p. 1036; V. 94, p. 130; V. 90. p. 1772.
The Western DIvs. 2ds (then $6,354,000 outstanding) were under an
agreement made In 1893 treated as Incomes, but under a later agree
ment made in Dec. 1914 with tho holders of the bonds, part were
retired and the remaining $2,539,000 “ stamped” with a guaranty by
Southern Pacific Co. of payment of principal and Interest as reduced from
6% to 5% from Jan. 1 1915. V. 100, p. 397. Equip, bonds, $1,558,000 6s.
owned by Southorn Pacific. V. 70. p. 1300; V. 77, p. 2160. The Sou. Pac.
Co. owns $444,000 out of a total of $2,539,000 Mex. & Pac. ext. 2d M . 5s
and $4,728,000 G. H. & 8 . A. East Dlv. 1st 6s (ext.), due Aug. 1 1935.
LATEST EARNINGS. (1917..Gross, $17,908,971; Net(aft. $5,202,213
llm o s ., Jan. 1 to Nov. 30.11916.-Gross, 13,691,716; rents)
3.651.821
For tho 6 months.,
(1916.......... Gross. $8,962,769; net, $3,441,021
.
July 1 to Dec. 31.
\1915..........Gross. 6,545,249; net. 1,804,109
J neHOYr. Gross.
Net.
Oth. Inc. Interest.
Miscel.
Deficit
1915-16.$12,831,3S9 $2,912,587 SS10.905 $1,776,330 $2,359,906 $412,844
1914-15- 11,212.141 1.453,907 884.700 (V. 103, p. 1210.)
GALVESTON HOUSTON & HENDERSON RR. OF 1832.— Owns from
Galveston, Tex., to Houston, Tex., 50 miles. See V. 61. p. 1013.)
ORGANIZATION.—The M. K. A T. and International A Great Northern
have had traftkage rights since Deo. 1895 under a contract providing for pay
ment to Central Trust C o ., as mtge. trustee, of $100,000 yearly to meet Inter
est on G. II. & n . bonds and an additional rental of $24,000 per ann. Tor
dividends or other purposes—see V. 61, p. 1064; V. 63, p. 697. DIvs., M ay
1904 to 1906, 4% yearly; slnco to July 1 1913, none. M . K . & T . owns
1.999 shares of stock. Of tho 1st gold 5s ($5,000,000 auth. issue), $2,000,
000 were Issued to retire old bonds due April 1 1913. Of the remainder,
$1,000.000 is reserved for not over 90% of cost of new equipment and $2,
600,000 at not over $1,000,000 yearly for cost of Improvements. Redeem
able at 105 on any Interest day. V. 98. p. 839; V. 102, p. 1987.
Stock. $1,000,000: par $100.
For tho year ending June 30 1910J
gross. $334,375; net, $14,497. In 1914-15. gross, $344,944. against $319,
145 In 1913-14; net, $89,708, against 365,477; taxes, $28,578, against
$33,159 and $35,920.— (V. 102, p. 1811, 1987.)
GALVESTON TERMINAL RY.— Owns extensive terminals at Galveston,
Tex., used by Trinity & Brazos Valley R y., Colorado Southern and Chlo.
R. I. A Paoifio, which own practically all the stock. V. 87, p. 950. Owns
a large freight depot and warehouse and about 14 blocks along Galveston
water-front. In Juno 1917 operated 3.49 miles of main lino and 20.33 miles
of sidings. Stock, $25,000. Of the first 6s ($5,000,000 authorized
Issue) $1,051,000 guar, jointly by the Ch. R. I. & P. and Col. & Sou. V.
86, p. 1100, 1589; V. 87, p. 1478. Ch. R. I. & P. share of guaranty in
1915 had not boon paid by rocolvers of that company, but all coupons paid
In full to and Incl. Mar. 1 1917 (see Ch. R. I. & P. R y ., V. 103. p. 2428,
1980). Pros., J. W . Robins, Houston, Tex.; V .-P ., Chas Fowler; Sec. &
Treas., E. R . Cheosbrough, both of Galveston, Tex.— (V. 100, p. 2085.)
GALVESTON WHARF CO.— Owns wharf properties extending from 10th
to 41st Sts., Galveston, Tex., and 12.8 miles main line switching tracks In
city, with yard tracks and sidings. Incorporated In Texas Feb. 24 1854.
Stock outstanding Juno 30 1912, $2,026,000; par $100.
Dividends In
1904, 3 H % ; 1905. 444%; 1900 to 1908, 5% yearly; 1909. 44*% ; 1910 to
1913, 54*%; 1914, none.
The first 6s of 1882 cover only the real estate, the 5s of 1890 and 1901
(V. 73, p. 959: V. 95, p. 483), both the wharf and railroad property. All
three mtges. have sinking funds sufficient to redeem the bonds by maturity.
EARNINGS.— For year ending Dec. 31 1916, gross, SI,399,830: net.
$573,456; other Income, $9,900; int., rentals, &c., $128,254: div. (44*% ),
$11,630; bal., surp., $343,471. Pres., John Sealy; Sec., Treas. & Gen.
Mgr., J. J. Davis. Office, Galveston. Tex.— (V. 99, p. 816.)
GENESEE & WYOMING RR.— Retsof, N. Y .. to Pittsburgh <5: Lehigh
Jot.. 11 miles: Retsof Jot. to Grlegvllle, 4 m.: branch. 2 m.; total, 16 miles.
Stock, $500,000; par, $100. Dividends since 1909: Aug. 1910, 14*%;
Nov., 14*%; 1911. 5% . paid 1 Vf % Q.-J.; 1912 and 1913, 5% (Q.-F.): 1914.
Feb. and M ay, l i ( % ; Aug. 1914 to Aug. 1916, 144% quar.: Nov. 1916. 2% .
1917, Fob. and May, 2% each. Yoar ended Dec. 31 1916, gross, $286,929;
net, after taxes, $174,207; charges, $93,570; dlvs. (8 % ), $40,000; bal.,
sur., $42,360. Pres., M . B. Fuller, Scranton, Pa.; Sec. & Treas., W. H.
Barnard, 2 Rector St., N. Y .— (V. 76, p. 1248.)
GEORGIA COAST & PIEDMONT R R .— Extends from Brunswick to
Oollins, Ga.. 98.4 miles. V. 98. p. 839. V. 101, p. 448. In J u n el9 17n o
Interest had boon paid to dato on the Gon. M . of 1912, the amount unpaid
aggrogating $425,000; against a portion of this sum debentures had been
Issued, but Intorest on these, too, was In default. Receivers appointed In
1910, Henry L. Cohen, N. Y ., and Frank D. Aiken and C. II. Leavy,
Brunswick, Ga. In Nov. 1917 $100,000 receiver's certificates were author
ized. V. 105, p. 1208. 2094.
R A ILW A Y STOCKS A N D BONDS
51
RAILROAD COMPANIES
IFor abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Amount
Value Outstanding
Rate
%
When
Payable
[ V o l . 106,
Last Dividend Places Where Interest anC
and Maturity
Dividends are Payable
Various Aug 1 1935
1,000 5,728,000
Owned by Sou Pao Co
6g
lst&2dM gl gr ext o*
256 ’ 71-'80
1.000 13,418.000
M * N May 1 1931
So Pao Co 165 B’ way.N Y
5 g
Western Division 1st M (Mex So Pao ext) gold— x
671 1881
6
J Sc J July 1 1931
do
do
2d M “ stamped" guar p & 1____
2.539.000
1881
1,000
J & n June 1 1940
do ”
do
1910
9.022.000
Galveston-Vlotorla Dlv 1st M $10,000,000 a u th --.
6
$1,000 $2,122,000
Columbia Trust Co, N Y
A So o Apr 1 1933
G a l v e s t o n H o u s & H e n d o f l 8 8 2 — 1st M, g.Col yo* &r*
50 1913
5g
Bankers Trust Co, N Y
1,000
1.106.000
6
M So S Mch 1 1938
G a l v e s t o n T e r m i n a l — 1st M $5,000,000gu (text).B a.x
1908
1,000
Nat City Bk, N Y, or GaJ
1882
489.000
6 g .1 So .1 July 1 1932
G a l v e s t o n W h a r f C o — 1st (r e) M gold s t ...................z o *
1,000
do
do
1,363,000
First series (wharf <Se railroad) gold 5s sink fund.zo*
1890
5 g A & o Apr 1 1940
1,000
F So A Aug 1 1926
do
do
Second series (wharf So railroad) gold 5s s f ___zo*
907,000
1901
5g
1,000
500,000
A So o Apr 1 1929
Columbia Trust Co, N Y
16 1899
Genesee & Wyoming RR— IstM gold $500.000— Col
5 g
Geneva C o r n i n g & Southern— See N Y Central RR
Georgia & Alabama— Georgia Carolina & Northern— See Se aboard Air Line Ry.
1,000
Interest In default
32,000
M So s Mch 1 1946
Georgia Coast & Piedmont— First M g $1,000,000-Gx
85 1906
5g
Int only pay when earn
July 1 1936
1912
70,000
5
Income debentures______________________ ____,.x
100 &c
Oct 1914 coup In default
Gen. mtge $3,500,000 auth gold red 105...........Colx
1,705.000
1912
5 g A So 0 Apr 1 1962
100 5.250.000
G e o r g i a & F l a — Common stock $15,000 per mile-----Pref stock non-cum partlo. $10,000 per mile.
100 3.500.000
Hanover Nat Bk, N Y
Mlllen So South 1st; M ....................................
.
..... Colx
212,000
1,000
A & o Apr 11955
53 1905
5g
1917
Receivers’ certificates $500,000___________________
500,000
500 &o 5,600,000
Georgia So Florida mtge $12,000,000 g o ld .. BBaxo*
284 1907
See text
5 g M So N Nov 1 1956
500 &c 2,000,000 See text F So A Feb 1 1932
Gen M g (cum Inc for 10 yrs) red par_____FBa.xc*
1912
1910
Georgia & Florida Term M $200,000 guaranteed__ x
1,000
200,000
J So .1 July 1 1930
6
1,000 2.113,000
Bankers’ Trust Co, N Y
5 g J So J July 1 1954
Georgia Florida & Alabama— First mtge gold ..B a.o* Text 1904
J P Morgan & Co, N Y
1,000
Georgia (Midland Ry— First M gold $1,650,000lntgu.x
98 1896
1,650,000
3 g A So O Apr 11946
Georgia Pacific— See Southern Ry
100 4.200,000 See text
307
Georgia Railroad & Banking Co— Stock------- ----------3— J Jan 15 19183% Augusta, Ga
Am Ex Nat Bk, or Aug!
1897
1,000
J & J Jan 1 1922
Bonds refunding not mortgage currenoy_______ zo*
1,000.000
5
1.000
do
do
'82-’87
Bonds not mortgage ($200,000 are 5 s ) ................ z
500,000 5 So 0 J * .1 Jan 1 1922
1,000
Am
Exoh Nat Bk, N Y
Jan
1
1947
1.000.000
So
Bonds not mortgage currency (V 87. p 226. 285) zc
1907
4
J
J
-100 2,000,000
Georgia Southern & Florida— Common stock---------100
First pref stock 5% Sc partlc non-cum red________
684,000 5 in 1917 M SO N N ov 8 '17 2 4 M T So D Co. Balt: A N Y
100
do
do
Second pref 5% Sc partlc non-cum $1,084,000____
1,084.000 5 in 1917 M So N N ov 8 ’ 17 2 4
do
do
1,000 4,000,000
First mortgage gola $4.000,000..............M eB a.xo*
285 1895
5 g J So .1 July 1 1945
do
do
1,000 2.000.000
First oonsol mortgage $10,000,000 gold__ N.xo*<5sr
392 1902
4 g J So J July 1 1952
1,000
1910
Equipment trust Ser C due $25,000 sem l-ann... Eq*
125.000
4,4 g M So S Mar ’ 18 to 1920 Equitable Trust Co, N Y
1.000
do
do
Ser D due $22 or $21 M s - a ... Bax
1912
189.000
4 4 g F Sc A Auijl918to 1922 Bankers Trust Co. N Y
1,000
Equipment trust Ser E due $22M or $23M s-a g . . c
1915
360,000
4 4 g M & N 15 Mch ’ 18 to ’25 Richm’d.Va.Old Dom Tr
N Y Sc Baltimore
1,000
Georgia South w & G u lf— Albany Sc Nor 1st M g__c
36 1896
400.000
5 g J Sc J Jan 1 1946
Co’s office, Albany, Ga
G 8 W & Gulf m tg e .................................... ............Ce
100
J Sc J Jan 1 1959
36 1909
155,500
5 g
Reading Terminal, Phila
1,000
42 1891
A So O Oct 1 1926
' G ttysb& Harrlsb— Con(nowlst)M $565,000g(text).x
565,000
5
G ila Valley G lobe 5s N orthern— See Arizona Easte rn RR
G a lv e s t o n H a r r is b & S a n A n t o n io —
Bondholders’ committee: Henry L. Cohen (Chairman), P. J. Goodhart
and Howell H. Barnes, with Graham Adams, Sec., 30 Broad St., N. Y.
Depositary, Columbia Trust Co., N. Y . City. V. 104, p. 2452.
As to 5s of 1912 ($3,500,000 auth. issue), see V. 94, p. 1448, 1~03.
Year ending June 30 1916, gross, $126,209; net, $24,914; int.. taxes, &c..
$91,332; bal., dof., $66,418. Pres., F. J. Lisman.— (V. 105. p. 2094.)
GEORGIA FLORIDA & ALABAMA R Y — Owns Richland, Ga., to
Tallahassee, Fla., 131.22 miles. Including 26 miles opened Sept. 1909: Talla
hassee to Carrabello, on the Gulf of Mexico, 49.68 miles: branch, Havana,
Fla., to Quincy, 11.23 miles; total, 192.13 miles. Also operates steamer
line from Carabelle to Appalachicola. Fla.. 32 miles. Stock, $450,000:
ar, $100. In June 1909 President Williams, it was reported, purchased
re minority stock and practically all of the outstanding bonds. V .88.
p.1437. Bonds see table above. In 1906auth. pref. stock, none Issued 1917,
For year ending Dec. 31 1916, gross, $559,072; net, $73,385; other
Income, $11,558; int., rentals, &c., $128,590; bal., def., $43,647. Pres.,
Cora B. Williams; Sec.-Treas., L. G. Papy, Balnbrldge, Ga.— (V. 88.
p. 1437; V. 100, p. 1672.)
GEORGIA 5: FLORIDA R Y .— Owns from Madison, Fla., to Keysville,
Ga., 223.6 m.; Augusta Southern Ry. (controlled), Augusta to Fennille,
Ga., 8 2 4 m.; trackage, 3.7 m.; branches, 96.5 m.; total, 349.8 miles.
Owns stock of Georgia Sc Florida Term. Co. of Augusta and Valdosta and
guarantees Its 1st 6s. A consolidation in Aug. 1907. V. 82, p. 1211; V.
85, p. 345; V. 87, p. 480, 936, 1533; V. 88, p. 681. On March 27 1915 J. M.
Wilkinson, Harry R. Warfield of Baltimore and W. R. Sullivan of N. Y.
were appointed receivers. In 1916 Langboume M . Williams succeeded
J. M . Wilkinson, deceased. V. 100, p. 1168.
In March 1917 $500,000 receivers certificates were authorized, and with
the proceeds o f $250,000 purchased $296,000 o f the $400,000 common
stock and $296,000 of the $350,000 preferred stock of the Augusta Southern
R R . V. 104, p. 1045, 1145. The new issue is a first lion on all the prop
erty of the Georgia & Florida Ry. (subject only to $212,000 of Milion &
Southwestern 1st 5s), and on the securities of the Augusta Southern pur
chased from Southern Railway Co. V. 104, p. 1145.
Protective Committee for 1st M . 5s of 1907; Franklin Q. Brown, 33 Pine
St., N. Y ., and others. • Depositaries, Baltimore Tr. C o., Central Tr. C o
ot N. Y. and Richmond (Va.) Tr. & S Bk. V. 102, p. 712.
BONDS.— Of bonds o f 1907, $5,600,000 are In hands of public and
$630,000 in treasury. V. 85, p. 221, 530; V. 95, p. 1472. Holders of 1st
M . bonds were asked to fund their coupons for 3 years from Nov. 1913 to
May 1916; about 82% had agreed. V. 98, p. 155. V. 97, p. 1024, 1504.
V. 104, p. 2452.
0 6
’ v
*
Gen. mtge. bonds, see V. 94, p. 630. 826. 911. 1118; V. 104. p. 2452.
EARNINGS.— 10 m os.J 1917___ Gros.,, $702,451: Net (aft. $37,475
Jan. 1 to Oct. 31.
\1916___ Gross, 649,199;
rents)
31,330
REPO RT.— For year ending Dec. 31 1916, gross, $559,072; net, $106,*
787; other income, $11,558; int. on bonds, $105,677; taxes, rentals, &c..
$56,316; bal., def., $43,647.— (V. 102, p. 712; V. 104, p. 1045, 1145, 2452.)
GEORGIA MIDLAND RY.— Owns road from Columbus to McDonough,
Ga.. 98 miles. Leased from July 1 1896 for 99 years to the Southern Rail
way Co. for $49,500 annual rental (being Interest on the first mtge. bonds,
&o.) and $2,500 for Columbus terminal property. Stock Is $1,000,000,
owned by Southern Railway Co.— (V. 63, p. 361: V. 82, p. 751.)
GEORGIA R R .& BANKING CO.— Georgia R. R. Augusta, to Atlanta,
171 m.;i branches to Washington and Athens, 58 m.; Macon & Augusta
R R . (proprietary road), Camak, Ga., to Macon, Ga., 74 m.; trackage, 4 m.;
total, 307 m. Owns 50% stock of Western Ry. of Ala. (the Central of Ga.
R y. owning the other half).
Lease.— In 1881 road leased for 99 years to W . M. Wadley et al tor the
Cent, of Ga. and the Loulsv. & Nashv.. at $600,000 Der year, but In April
1899 the Loulsv. So Nashv. was held to have acaulred all rights under the
lease; Atlantic Coast Co. 1899 acquired half Interest. V. 68, p. 722. Owns
majority ($594,900) stock "G a. R R . Bank."
DIVIDENDS.—
l ’83-’87. ’88. ’89 to Jan. ’ l l Since to Jan. 15 1918.
Regular since 1881 % ;1 0 yrly. 10 H 11 yearly.
12% yearly.
Extra (from bank earnings, V. 103, p. 2340).......................... Jan. 1917, 1% .
Railroad earnings for year ending Dec. 31 1916, gross, $3,433,069; rail
way oper. income, $1,027,809; non-opey. income (rentals, See.), $200,035;
total, $1,227,844; deductions, $926,063; bal.. $301,781.— (V. 103, p. 2340.)
GEORGIA SOUTHERN & FLORIDA R Y.— (See Map of Southern R y.)—
Owns from Macon, Ga., to Palatka, Fla., 285 miles; on Nov. 1 1902 pur
chased Atl. V. & W. R y., Valdosta, Ga., to Jacksonville, Fla., 106 miles;
trackage Into Jacksonville, 11m.; total, 402 m. V. 60, p.928: V. 79. p.551.
Also owns one-eighth o f stock o f Jacksonville Term. Co. (V. 77, p. 826) and
1-3 of stock o f Macon Terminal Co.
Owns the stock of the Hawkinsville Sc Florida Southern R y., Worth to
Hawkinsvillo, Ga., 43 miles, and Ashburn to Camilla. Ga., 50 miles, $606,
000. IstM . 5% bonds being guar., p .& i. V. 79. p. 2585; V. 97, p. 175,365.
DIVID. on
/1892. 1898. 1899. 1900-05. 1906.1907 to N ov. 1917
1st & 2nd pref. (%)\ 2
3
3
4 yearly
44
5 yearly
BONDS.— First mtge. o f 1895 (A bstract, V. 61, p. 429) provides that the
$684,000 first pref. stock shall be a lien on the assets covered by that mtge.
second only to the bonds and coupons.
The First Consol. 4s of 1902 are for the authorized amount of $10,000,000
of which $4,684,000 aro Issuable to retire the $4,000,000 5s and $684,000 1st
pref. stock and $3,316,000 aro reserved for future needs. V. 75, p. 980.
EARN INGS.—
For 6 month —
(1917____ Gioss, $1,623,113; Net(aft. $274,776
374,459
July 1 to Dec. 31.
\1916____Gross, 1,437,249: taxes)
REPO RT.— Report for 1916-17. in V. 105, p. 1798, showed:
.
June 30
Gross
Oper.
Other
Interest, Pref.
Balance.
1 Years—
Earns.
Income. Income.
Ac.
Dies.
Sur.or Def.
1916-17_____$2,797,563 $552,042 $265,277 $375,566 $88,400 sur.353,353
8
1 9 1 5 - 1 6 ______
1 9 1 4 - 1 5 ______
2 ,4 4 5 ,4 0 8
2 ,2 1 5 .7 7 3
4 7 1 ,0 5 5
2 5 3 .4 0 5
1 0 3 ,6 9 6
1 0 8 .1 5 8
3 5 4 ,9 6 4
3 5 7 ,3 0 4
8 8 ,4 0 0
4 4 ,2 0 0
s u r . 1 3 1 ,3 8 0
d e f . 3 9 .9 4 1
Pres., Fairfax Harrison, Washington, D . O.— (V. 105, p. 1798.)
GEORGIA SOUTHWESTERN & OULF RR. (A lbany & Northern
R y .).— Projected to extend from Albany, Ga., southwest to St. Andrews,
Fla., on the Gulf of Mexico. In Feb. 1910 acquired the Albany Sc Northern
R y., exending from Albany northeast to Cordele, 35 miles; trackago rights,
0. 73.miles; capital stock, $350,000, and bonds, $400,000. V. 90, p. 109,
502. Uses Albany Passenger Terminal Co. station (opened Oct. 4 1913),
owning $3,000 of the stock. G. S. W. & G. stock auth., $4,000,000; issu
able at $20,000 p. m.; outstanding Dec. 31 1916, $40,500. Tho $4,000,000
mtge. is secured by pledge of $350,000 cap. stock of Albany & Nor. R y.,
&c.; bonds issuable at $20,000 p. m. For year end. Dec. 31 1916, gross,
$115,242; net, $26,584; other income, $1,376; charges, $37,596, baL, def.,
$9,636. Pres, and Gen. M gr., W. M . Legg, Albany, Ga.; Sec.-Treas.,
II. J. Bruton, Bainbridge, Ga.— (V. 90, p. 502.)
GETTYSBURG & HARRISBURG RY.— Carlisle to Gettysburg. Pa., 31.21
m.; branch to Round Top, Pa., 2.93m.; branch Pine Grove Furnace to Hun
ter’s Run, 7.46 m. The Reading Co. owns $571,600 of tho $600,000 capital
stock; $535,000 deposited under Its gen. mtge. of 1896. Of consol. 5s $215.
000 were guar, by Phila. Sc Reading RR. (foreclosed). Gross earnings year
ending Juno 30 1916, $246,953; net, $65,076; Int. on funded dobt, $28,250;
taxes, $2,520; rents, &c., $19,134; additions, &c., $5,080; bal., surplus.
$10,092.— (V. 95, p. 1039.)
GRAND RAPIDS & INDIANA RY.— (See Maps of Pennsylvania RR.)—
Owns from Fort Wayne, Ind., to Mackinaw City, 366 m.; branches, 53 m.;
total owned. 419 miles; operates the following roads, but has not assumed
the old company’s leases thereof: Cin. Richmond & Ft. Wayne R R ., 86 m.;
Tsaverse City R R . (nearly all the stock and all the income bonds owned);
26 m.; Muskegon Grand Rapids & Indiana R R ., 37 m.; trackage, all lines,
8 miles. See V. 74. p. 777; V. 76, p. 811; V. 82. p. 988, 1098 Successor
Aug. 1896 of RR . Co. foreclosed (V. 63. p. 153).
STOCK.— Stock, $5,791,700, of which Pennsylvania Interests are sup
posed to own all or nearly all. Penn. Co. on Jan. 1 1917 $2,295,600.
DIV’S.— 1900, 1% : 1901, 2% ; 1902 to April 1910,3% (yly): none slnco.
BONDS.— The first mtge. bonds extended at 44$% are endorsed with the
guaranty of the Penn. RR . Co. to purchase the coupons as they mature,and
the bond Itself at maturity. See guaranty, V. 56, p. 649; V. 69, p. 1193.
Of the 2nds, $888,000 were owned Jan. 1 1917 by Pennsylvania RR. and
$3,487,000 by the Penn. Company, which company guarantees the prin
cipal and Interest on $1,038,000 2d M . bonds.
REPORT.— For 1916, V. 105, p. 69. In 1916 carded 5 508.435 tons of
freight, of which 34% was lumber, &c., and :.6% coal and coke, for 1917
V. 106. p.491.
Net, after
Other
Interest, Additions, Balance.
Calendar
Gross
Taxes, A c. Income. Rents. A c. Belt's.Ac. Surplus.
Year— Earnings.
1917___ $6,491,358 $1,085,398 $67,177 $899,093 not stated $2*3,482
__ 5.897.565
_
_
1,201,300
63,106 865,402 $300,000
99,003
1916___
Pros., J. J. Turner.— (V. 104, p. 2641; V. 105. p. 69, 715, 2183.)
GRAND TRUNK PACIFIC RY .— (S e e M a p s . ) — 'This new trans-conti
nental railway was built with the joint financial support of the Govern
ment and the Grand Trunk Ry. of Canada. It consists of a main lino
of an estimated length of about 3,550 miles, from M oncton, N . B ., to
Prince Ruport, B. O., on Pacific Ocean, 30 miles south of Alaska line, with
branches, 1,188 m. Total, 4,378 m ., viz.:
1. Almost completed by Canadian Govt, and operated by it since July 1915—
Eastern Div., Moncton, N. B., via QueDeo to Winnipeg, about----- 1,804
(was to be leased for 50 years to Grand Trunk Pac. Ry. Co.— for
7 years at cost of operating only and for remaining 43 years
at 3% on cost of construction) estimated to Doc. 31 1916 at
$179,580,877.) This Is the "Transcontinental Railway," so-called.
2. Western Division, Built, Owned and Operated by Company—
a. Prairie Section, Winnipeg to Rooky Mountains, about-------------- 911
b. Mountain Division, Rocky Mountains to Pacific Ocean, about— 835
3. Lake Superior Branch, Built and Owned by Co.; Leased A Oper. by G o v t.Thunder Bay on Lake Superior to East. Dlv., east of Winnipeg----- 188
4. Sundry Branch Lines— Built by co. and Its subsidiaries— about 1,000
V. 98. p. 73. 1244. 1528. Winnipeg terminals, V. 89. p. 666.
In Oct. 1917 no agreement had boon reached regarding the operation
of tho Dominion built line, the “ Transcontinental R y ." oxtending from
Moncton, N. B., to Winnipeg, 1,804 miles. The company claims that the
road in question has not beon completed within the moaning of the con
tract and that therefore they aro not obliged to operate It nor provide It
with tho stipulated amount of rolling stock ($20,000,000 worth). The
Govt, is operating this division. V. 100. p. 1348,1592; V. 105, p. 1415.
ORGANIZATION.— Incorp. by Canadian Parliament in 1903. V. 80.
p. 996; V. 81, p. 1315. As to Grand Trunk Pacific Branch Lines Co., see
V. 90, p. 1044 (also bonds below); V. 82, p. 333; V. 88, p. 295, 822, 1372,
1437. Option on Pac. Great East. R y., 450 m.; see that co.
Government Loans.— The liabilities of the Grand Trunk Pacific R y.C o.
began to accumulate against net revenue In Jan. 1916 and as the Grand
Trunk Ry. was not in a position, owing to tho war, to assume tho burdon,
tho Canadian Parliament voted to grant tho Pacific Company an $8,000,000
6% loan payable on demand and secured by mortgago. Tho proceeds
were to meet interestforat least a year upon tho securities of tho company,
to meet deficit in operations and to purchaso rolling stock (V. 102, p. 1811.
1892. 1982,2166). The amount of intorest guaranteed by the Grand Trunk
Co. is about $4,000,000 annually, which includes interest on tho Govern
ment loans of $25,000,000, to which must bo added tho interest on the
amount spent on branch lines, over and above tho amount for which bonds
have been or will be guaranteed by tho priovlncial Governments. It is
expected the provincial Governments will lssuo additional bonds to cover
some of this amount, leaving probably about $8,000,000 duo to tho Grand
Trunk Ry. Co. Tho amount of Interest guaranteed by tho Government,
amounts to about $2,378,000 per annum. V. 105, p. 1415.
-i
The Canadian House of Commons at Ottawa on Sept. 3 1917 voted a 6%
loan not exceeding $7,500,000, repayable on demand, with Interest payable
half-yearly, to be used to meet expenditures made or indebtedness incurred
F e b ., 1918.]
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Gotten & Deckertown— 1st A 2d M (§60.000 are 2ds)
12 1888
Gouverneur & Oswegatclile— See N Y O & H R RR
(Irand Rapids & Indiana Ry— Stock §6.000,000_____
—
____
First M mostly land grant g extended In 1899__ zo*
3t) 7 1891
First M extended gold guaranteed by Penn RR.zo*
367 1891
Second mortgage §5,000,000 gold_____________ xo*
419 1896
drand Trunk Pac— First M £ guar Can Govt (text)cAr 1,755 1905
Prairie Section M (Ser A) £2,100,0001 guar p and 1
916 1905
Mountain Sec M (Ser B) £2,050,0001 by Grand
839 1905
Lake Superior Dlv 1st M £1,550.000)
Trunk
188 1905
Sterling bonds guar by Can Govt $15.940,800.c*Ar*
- - - 1914
Deb stk 850,000,000 red aft 1936. Int gu by G T
--- —
G ov’t Loan §10,000,000 seo. on Prairie section do
1909
---- 1913
G ov’t Loan $15,000,000 cov. by deb. gu by G. T._
__ 1914
Dominion Government loan______________________
do $8,000,000 sec by mtge V 103. p 406______
__ 1917
do
$7,500,000 (V 105, p. 1617, 999, 818, 497)
Grand Trk Pac Br Lines 1st M gu by Alb text._c*
__ 1909
do
do
1st M gu by Alb £238,600______
58
do
do
guar by Saskatchewan (see text).
—
1909
- - - 1914
do
Terminals guar by Sask text__________
do
Bridges auth $1,300,000 guar by Sask
___ 1914
Secured gold notes £2,000,000 guar red 101.........c*
Brand Trunk Ry— Consolidated stock______________
Canada Atlantic Ry capital stock_________________
459 1882
4% guaranteed stock non-cumulative £12,500,000..
—
1884
— ’73-’74
First preference 5% stock £3,420,000......................
__ ’73-*74
Second preference 3tock £2,530,000_______________
Third preference 4% stock £7,168.055___________ 3.512
Debenture stock £4,270,575___________ _____ — 1 3,512 f 1874
Perpetual consol debenture stock (colltrust) o u m .-f
i 1884
Second equip mtge (subject to 1st M In trust)— oj
11869
Great Western perpetual debenture stock------------ o 836
Var
Northern Ry third preference A & B bonds--------- cl 490 h J1868
Debenture stock 4% perpetual £425,850--------- j
(1884
Canada Atlantic consol (now 1st) M g gu p Sc 1-----396 1905
Par
Value
600 Ao
$100
1,000
1,000
1,000
$ A£
£100 Ac
£100 Ac
£100 Ao
£100 Ac
§100
_______
..............
j A £
£100
£100 Ac
£100
£100 Ac
£100
£100
£100
£100
£100
£100
£100
£100
£100
100, £200
In paying interest on securities of the Grand Trunk Pacific Ry. or thoGrand
Trunk Pacific Branch Lines Co.- to meet deficit in operation o f tho Grand
Trunk Pacific Ry. System and for betterments and tho purchaso of rolling
stock; said loan to bo .secured by mortgage upon the undertaking of the
Grand Trunk Pacific Ry. C o., saia company agreeing to constitute its board
of directors as may bo required from time to time by the Governor in
Council. V. 105, p. 999, 818, 497, 1304, 1617, 2183.
STOCK.— Authorized, §45,000,000 (par ofjshares, §100 each), of which
the §25,000.000 common is owned by the Grand Trunk Ry.
BONDS, Ac.— For full debt statement in 1917 seo V. 105, p. 1415
Tho Canadian Government agreed to guarantee P3% lat mortgage
bonds for an amount up to 75% of the cost of construction of the Western
division, such amount (a) In the case of the Prairie Section not to exceed
§13,000 per mile, or £3,210,000 in all: and (b) three-quarters of total cost
per mile from the mountains to Pacific Coast, called Mountain Section
Total Issue, £14.000,000: Royal Trust Co., Canada, trustee. V 80 n"
996, 1234. 1363: V. 81. p. 507, 613: V. 89. p. 224, 286: V. 91, p. 214, 276
Decision as to guaranty by G ov’t, V. 93, d . 1386, 1462: V . 95. p. 1607 *
In June 1914 an Act was passed providing for the guaranty on certain
conditions by the Canadian Govt, o f £3,280,000 4% bonds duo Jan. i 1962
to aid in completing the road. In Nov. 1915 $5,524,000 of the issue was
a socond mtge. (National t rust u o „ ipronio. trustee) guar, as to prin and
lnt. by tho Grand Trunk Ry. Co., seo in V. 80, p. 996; also V. 80 t> 996
V. 86, p. 794; V. 90, p. 1165: V. 92, p. 725.
’ p
Although the mortgage to secure the 3% bonds guaranteed by the Govern
ment ranks before the mtges. securing A and B bonds guaranteed by the
Grand Trunk Ry. of Canada, yet an agreement schedule to an Aot of 1904
provides In effect that In the event of default by the company for 5 vears In
payment of the lnt. on the 3% bonds, the remedy of the Government shall
be to put In a manager with the concurrence of the company to operate the
Western Division and to collect and distribute net earnings of each particular
division pari passu between the holders of the bonds guar, by the Govt
and the holders of the bonds guar, by the Grand Trunk R y. Co. In the pro
portion of 75% of such earnings to the holders of the Govt, bonds and 25
to the holders of the bonds of this division guar, by the Grand Trunk Rv Go
As to $10,000,000 loan of 1909, see V. 88. p. 822, 1194, 1061, 1253
For
$15,000,000.loan of 1913. V..90, P; 1629, 1772; V. 97, p. 175. Regarding
ui aiuui id uiiu odsiittibuoniuii
*•x ’
» • oo, ii. Id ol: V 'In n
285; V. 94, p. 1448. As to 515,910,800 guaranty of 1914, see V. 98 n 176BPerpetual dobonturo stock, soo V. 84, p. 570; V. 96, p. 1296; V. 88 o 624
V. 90“ P. 303: V. 96, p. 789; V. 94. p. 207: V. 95. p. 1207. 1607?V .9 6 n
789, 1088,1297, 1629. 1700. Seven-year 5% notes of 1914, see V. 98, p” 73\
FINANCIAL STATEM EN T, AC.—A full financial statement as of
Feb. 29 1916 was given in V. 102, p. 1982. The roports of members of tho
Royal Commission appointed to consider what course the Dominion should
pursuo with rogard to the Grand Trunk Pacific and Canadian Northern
wero referred to in V. 104, P- 1754, 1800, 2117, 2235; V. 105 p 1415
jn
1916 Grand Trunk Ry. offered to surrender all its interest In Grand Trunk
Pacific, Branch Lines Co. and Development Co. if tho Government would
relieve tho Grand Trunk Ry. of all liabilities thereon and also reimburse
It for all advances. Seo V. 102, p . 1982, 1811; V. 106, p. 607.
EARN IN G S.— For year ended Juno 30 1917:
G.T.P.Ry. G.T.P.Dr.L. |
G.T.P Ry a T r nr i
Opor. revs ..$6,651,298 $l,593,019|Deductions,
J* U I 1 Mr L "
N o t_______ loss 250,878 loss225,613 I
incl. int., A c$ 7,99 l 766 $1 222 523
Non-opcr. Inc. 2,535,064
909.3761Net deficit ..$5,707,581
$538 760
Note.— Deductions from gross incoino G. 1. P. Ry. includes $906 934tho operating loss on tho branch lines and non-operating income of tho
branch lines company includes credit for this amount.
For yoars ended Juno 1916.— Or. Tr. Pac. G.T.P.Br.L. Transcon.Ry.
Operating revenue's.............................. *1.319.599 $5,798,516
N ot Income after opor. expenses--------
1.070,904
loss 50,534
466 135
Charges other than funded debt----------------------------80S,'751
Balanco
___
_____ __________
. . . _______ - - - $1,070,904 loss .$50 5X4 ins<s&X42 61 5
Status in Aug. 1917, seo V. 105, p. 818, 1415, 1708
l»ssS342,blo
OFFICERS.— Pres., Howard G. Kelley, Montreal, Can.: Sec.. Henrv
Philips; Troas., Frank Scott.— (V. 105, p. 2183, 2455; V. 106, p. 607)
GRAND TRUNK R Y. OP CANADA.— (See M aps.)— Quebec. Can.,
Montreal to Chicago, 111., also to Portland, Buffalo, Detroit. Toledo Ac
SYSTEM
'Jvun’ n " PROPER.
REPORTED SEPARATELY.
Miles.
stock owncd.
Miles
Lines owned__________________ 3,472 Central Vermont*
kqi
Leased—partly owned.
Grand Trunk W e s t c m V lZ ;::: 347
Atlantic & St. Lawrence, Port
Entire stock owned
land,Mo.,to Island Pond, V t. 165
Oxford A N orth ern ... 101
Buffalo A Lake Huron________ 164
Haven & M il*.. 191
Clncln. Sag. & Mackinaw______
54
V 7 a.? - * Muskegon________
96
Other lines______
211 l 0Jointly
owned.
Detroit & Toledo Shore L in e..
79
Total In earnlng3___________ 4,008
Total road.............
1T366
Car ferry. Grand Haven to Milwaukee. •See separate statement'thls’c o .
H ISTORY.— See V. 106, p. 395.
. DEBENTURE STOCK— NOTES.— Porpetual consol. 4% dob. stock
Included In August 1916 a total issue o f $180,708,378, from time to time
authorized by Acts of the Parliament o f Canada, of which 3119 839 oi l
was in hands o f public; $10,723,731 was pledged as collateral security for
promissory notes, $1 i 195.421was sot asldo for certain specified purposes
and $9,010 299 was held In the treasury without limitation as topurposes
of issue. The dobonturo stock is a first charge ( 1) upon the property
subject to certain prior lions. Including tho 5% debenture stock aggre
gating about $54,000,000, and (2) on $76,048,441 securities of companies
consolidated with the Grand Trunk Co , and controlled companies. V 97
p. 1733: V. 98, p. 1156.
Amount
Outstanding
Rate
%
When
Payable
55
Last Dividend Places Where Interest anC
and Maturity
Dividends are Payable
246,500
6
Various 1928
$5,791,700
A A O Apr 25 1910 1 A
918,000
3 44 g J A J July 1 1941
4.455.00C
4)4 e J A .1July 1 1941
5.000.000
4 g A A O Oct 1 1936
3
68 0 10.000
J A J Jan 1 1962
10,206,000
A A O Apr 1 1955
4
9,963,000
4
A A O Apr 1 1955
7,533,000
A & () Apr 1 1955
4
4
J A J Jan 1 1962___
8,440,848
34,879,252
M A S Perpetual
4
10,000,000
A & O Apr. 11919
4
15,000,000
4
J & J July 1 1923
M & N On demand
6,000,000
5
7.081.783
6
3.202.90S Jan 31 ’ IS
M A N Feb 25 1939
2,430,000
4
M A N Feb 15 1942
1,159,59 >
4
M & N Jan. 22 1939
4
11,315,052
M A N 1943
1,881,792
4 !4
Dec 18 1943
V105,p 1415
4)4
M A S 2 Mar 2 1921
v 9.720.000
5
£23,955,437
None ever paid
£1,479,452
£12,500,000 See text M A N fin Nov i917
none
£3,420,000
M A Nj
l declared.
£2,530,000
Apr 1914 2 A
£7.168,055
£4,270,375
J A J 14 Irredeemable
5
£24,624,455
4
Q—( Irredeemable
J A J July 1 1919
£372,900
6
£2,723.080
F A A Irredeemable
5
£14,500
A A O Irredeemable
6
F A A Irredeemable
£308,215
4
$16,000,092
4 2 J A J Jan 1 1955
N Bk Or Co, Goshen, N Y
Office Grand Rap, Mich
Winslow,Lanier ACo.N Y
Bank of Mont, Lon A NY
London, Montreal A N Y
9 N Broad St,London.EO
do
do
Check from Co’s Office
do
do
do
do
1
iGIyn, Mills, Currie A Oc
London
Mont, N Y A London
The £2,000,000 5% 5-yr. notes of 1913 are secured by £2,667.000 perpet •
cons. deb. stock. This issue is redeemable as a whole or in amounts of
not less than £200,000 by drawings on any interest date on 60 days’ notice,
the trustee to release a proportionate part of the collateral. V. 97, p. 298.
521. The $12,500,000 5)4% 5-year notes of 1915 are secured by deposit
£3,600,000 perpetual 4% consol, debenture stock; red. on any int. date
as a whole or In amounts of not less than £200,000 by drawings, a propor
tionate part of collateral to be released. V. 100. p. 1917, 2085.
Tho £1,000,000 6% 3-year notes issued in Jan. 1918 to meet £1,000,000
5)4% notes and due Jan. 14 1918, are secured by £1,700,000 perpetual
consol, deb. stock. V. 105, p. 2272, 2542, 2272; V. 100, p. 54.
. T h e $4,000,000 2-year 5% notes dated N ov. 1 1915 and secured by
$5,254,632 (131%) Grand Trunk Pacific Ry. 4% sterling bonds of 1914,
wero retired at maturity Nov. 1 1917. V. 105, p. 1801. The $2,000,000
2-year 5% collateral notes of 1916 were secured by £670,890 4% Consol.
Debenture Stock. V. 103, p. 758.
Canada Atlantic Ry. was merged Jan. 1 1914; V. 100, p. 1432; its 50-yr. 4s
of 1905 (Royal Trust Co., Montreal, trustee), carry guar., prin. A int., of
Grand Trunk. V. 79, p. 1641. 24; V. 80, p. 2343; V. 87. p. 1477.
Govt. Loan in 1916 to Grand Trunk Pac. Ry.— See that company above.
Tbl3 loan is not an obligation of the Grand Trunk Ry. V. 102,p .2166, 1982
Station Co. bonds, V. 82, p. 452. Montreal Warehousing guaranteed
bonds, V. 83, p. 37. Grand Trunk Pacific Devel. C o., V. 90, p. 306; V. 91.
p. 1449; V. 92, p. 1238; V. 93, p. 1107. Toronto Term. R y.. V. 95, p. 1474;
V. 98, p. 1768; V. 101, p. 1272. Ottawa Terms. Rys.. V. 95, p. 1207.
In June 1916 arranged to guarantee bonds of Central Vermont Ry. (which
seo) for completion o f line into Providence, Ac. V .102.p.2341; V .103,p .2078.
In May 1917 the “ Railway Board of Inquiry,” formed pursuant to Act
of Dominion Parliament, presented a majority report recommending
nationalization of the Grand Trunk and Canadian Pacific systems and their
Joint operation by an Independent board of trustees as the Dominion Ry.
Co. “ for the benefit of the people of Canada.” The company pronounces
this report inaccurate and misleading. V. 105, p. 180, 1415; V. 104, p.
1800, 1754, 2117, 2235; V. 106, p. 607.
In Sept. 1917 the Canadian Government agreed to loan the company a
further $7,500,000 for interest charges, improvements, Ac., as stated under
Grand Trunk Pacific R y. above. V. 105, p. 497, 818, 997, 1415.
DIV ID E N D S.— Total percentage paid from earnings of each year since
1903 being the October and following April declarations combined:
f’04. ’05. ’06. ’07. ’08. ’09 ’ 10. ’ l l . ’ 12. ’ 13. ’ 14. ’ 15. 16. ’ 17.
Guar, stock. % I 4 4
4 4 44 4
4 4
4 3H
4 4See
1st pref........ %
5 5 5 5 5 5 5
5 5
5
0 0 5 text.
2d prof.........% { 5 5 5 5 2)4 5 5 5
5
5
0 0 5
3d pref.........%
0 2 3 3
0 0
)4 1H 2 H 2 H 0
0 0
In Nov. 1917 none on 4% guaranteed or the preference stocks.
V . _105.
P- 1708, 1522, 1415. In May 1917 paid the semi-annual dividends, 2% on
guar, stock and 2)4% on first pref., and an annual 5% on 2d pref.
EARNINGS.— 11 m os.,/1917..........Gross, $47,717,491; net, $9,281,864
Jan. 1 to Nov. 30.
(1916_____ Gross, 43,415,991; net, 12,337,537
R E PO RT.— Report for cal. year 1916 was In V. 104, p. 2112.
1916.
1915.
1914.
1913.
M ilos.................................
4,015
4,015
4,015
4,012
Gross earnings.................£9,819,700 £8,292,688 £8.596,768 £9,620,176
Transportation expenses. 7,288,000
6,511,257
6,841,919
7,261,810
Net earnings................£2,591,700 £1,781,431 £1.754,849 £2,358,366
Total not income_______ £2,654,100 £2,154,631 £2,437,593 £2,665,599
Deduct— Rentals________ (1,914,600
1,499,3871
155,206
155,206
Int. on bds.,deb.stk.,Ac.|
1,592,034
1,429,905
Adv. to controlled roads. Cr.62,800
144,6201
265,237 * 104,366
______
.
Divs. on guar, s t o c k ..(4%)500,000 (4)500,000 (3 H) 437.500 (4)496,823
Do 1st pref. s t o c k ...(5) 171,000
170,841
Do 2d pref. s t o c k ...(5)126,500
126,420
Do 3d pref. stock__
______
(2)4) 179,116
Balance..... ................... sur.£4,800 sur.£10,704 def.£12,3S4 sur.£3,922
OFFICERS.—Pros., Howard G. Kelley; Chairman of Board, Alfred W.
Smithers.— (V. 105, p. 1801, 1998, 2272, 2542; V. 106, p. 395, 607.)
GRAND TRUNK WESTERN R Y .— Owns from Port Huron, M ich.,
to Chic. A West. Ind. R R .. at Chicago, 331 m.; leases Chic. Kalamazoo A
Saginaw, 9.57 m.; Chic. A Kalamazoo Terminal, 1.73 m.; trackage Chic. &
West, rnd., 5 m.: total. 347 in. Stock, 56.000,000, all owned by Grand
Trunk. V. 69. p. 954; V. 71. p. 22. Allied line, Pont. Ox. A Nor.. 100 m.
BONDS.— The Grand Trunk unconditionally guarantees the Interest on
the 1st 4s. The incomes were called for payment on Dee. 1 1910 at 85 and
any lnt. then due. V. 90. p. 1239. Jointly with Toledo St. Louis A West,
guarantees Det.A Toledo Shore Line bonds. V .7 6 ,p . 653: V. ,89, p. 1411.
In March 1911 authority was granted to make a new mtge. for §30,000,000,
to extend and improve the road; $7,662,000 4s, due Sept. 1 1962, were pur
chased by the Grand Trunk Ry. The latter guarantees principal and Inter
est: $15,000,000 to be held to retire the firsts at maturity. V. 92. d . 795.
1108, 1242. 1436; V. 93. p. 1323; V . 97. p. 237.
EARNINGS.— 11 m os.,fl917--G ross, $8,839,802; net after
$8,268
Jan. 1 to Nov. 30.
\1916--Gross, 8,494,553; rents),
1,719,643
Year ending June 30 1916, gross, $8,818,661; net, after taxes, $2,662,398;
other income, $465,082; charges, $3,122,396; surplus, $5,084. Year
1914-15, gross, $7,238,464; net, after taxes, $789,188.— (V. 104, p. 1387.)
GREAT NORTHERN R Y.— (See Maps.)— Operates a line Trom St.
Paul and Duluth, Minn., via Spokane, Wash., to Seattle, Wash., and Van
couver, B. O., with trackage rights into Portland, Ore., and numerous
branches In Minnesota, Iowa, North and South Dakota. Montana, Idaho.
Washington, Manitoba and British Col. Total Dec. 31 1916, 8,198. viz.:
Lines owned in fee—
Miles.
Controlled Companies—
Miles,
St. Paul to St. Vincent, M in n .. 393 Vancouv., Vic. A East. Ry.AN . 271
Minneapolis to Seattle, W ash.. 1,832 Other lines...............
418
Everett, Wash., to Int. Boundary 92
Trackage—
Other lines owned in fee to SuSeattle to Vancouver, Wash
173
porior, Butte, Sioux City, A c.4,796 19 other lines__________ ______ 223
(Second, A c., tracks A sidings_2,447
Lake Melville
J *i‘ton
a
JAM ES B A Y
Attawapiskac
Ashuanipi
Main
Pletipi L.
River'
L. Mistassinis
IL.Mattagami
m £***oZ
MptfNipigon
a.
Heron Bay
PORT WILUAM;
■I
» ”* « %
Tlmagai(& %
Forest
Reserve
'Supsrioi
v°'^X—7'
E°l>erytJ
^TChambord Jc.
*£
Sudbur
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AstUBd j 0-r^ Y ^
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^ ^ W n" ha17fax
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i
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ITTSBURGH
rhamton
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GrandTrunkSystem
-TO
Mills
llarrlsbui
Zanesville
Decatur
('Haute
teelingj
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bzthuhs,
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'ITHACA
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Lansing^
>ONTIA<
>rtsmoutb/
i
A N D C O N N E C T IO N S
: Double Track
—
Lines in Operation
kLines under Construction
Projected Lines
’e
W
A
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g
PRlHCE-OF^VALEi
D_#
PEACE P.JVEl
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AY
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./
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npegosis
i
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Fishermans
Okanagan
Landing^
Okanagan L.
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Columbia,'
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gt.~*
poplar
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ISismarck'
Marmarth
^ ---- ^GL
Stites
•madia
I//Vancouver
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^akesj
Hinckley
ISpooneryT+
Jluntley
/Aberdeen
Mobridj
^Livingston
Gardiner
Austir
Idahna
Redfieldj
leadwood
Huntington
Yampa'
Oakland
ItoUc
Ketchum?
Mackay
Sioux
Thermopolis<
Shosh<
Pocatello
>heldon
Valentine
Lander
Dakota Jo.
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Dakota
Mullen
S E C T IO N )
Rawlins
M AP OF THE
OGDEN
Granger
C heyenne
Winnemucca
Palisade
AND
C O N N E C T IO N S
----------- a Double Track
i«i®®Msorai Lines i
dMMHMMMBh Lines under Construction n k ■ ■ a, proiect
Albert Lea,
Stamford
.Edgemont
Glendale'
Pierre)
Moorcrpft
SHORT
(W E S T E R N
"^MNNEAPOLI:
YellowstoneSheridan
Yellowstone
\
/ft, National Park.
Council
Salem
JLUTH'
Moorhead
Glendive'
Anaconda
Kennewick
JgorrTTances
yhurchs Ferr;
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Crookston
.Helena
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Woods
Pembinay
Missouri
Garrison
Chehalis
:
Kaplnka Ij
.Sherwood
1 nV
V /\ .
Lewistown
Ellensburg^
*/ Columbia R.
Pacific Jc.
A
Great Falls!
'SPOKANE
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WeyLurch
NOR.
CAN.
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w a s
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loiympH^
Dunmore!
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Princeton
Eureka
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lesburg
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un.
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1>C8 MoillCfl *;
l.ineol n
! S 5 / 0 / U RXl
Glenwood
DENVEI
'ST. JQoCPK
58
R A ILW A Y STOCKS A N D BONDS
RA ILROA D CO M PA NIES
[For abbreviations, & c„ see notes on first page]
i Miles ! Date
I Bonds
111and Trunk Railway— (Concluded) —
I 1913
Secured notes £2.000.000 redeemable 101-----------c*
! 1918
Three-year secured notes £1,000.000 red 301 — c*
, 1915
Five-year secured notes £2,500,000 red 101------c*
1916
Two-year collat gold notes------------ ------------- yBac
1901
New England Elev 1st M g gu due 510,000 yearly..;
1900
Montreal Warehousing 1st M $1 000.000 gold guar.
| 1912
Car trusts due 5197.000 seml-an red 102 Vj.......... Ba
: 1912
do Ser B gold due *108.000 s-a red 102^ Ba,
do
Ser C due s-a 5113 M 5 yrs then 5112 M _
1913
red 102 M.............................................. ........Fa x
1917
do Ser D due $125,000 s-a call 102M--Eq.C|
Whipple Car Co 1st r. e. & coll tr M g due 530,000;
1012
yearly red 102 (V. 97. p. 1663)---------------------- c*;
) 1900
G rand Trunlv W est— 1st M lot gu $ (cur) & £ .Fx
1912
Geri consol M auth $30,000,000 guar p & i------Usmx
(ireat Northern— Stock 5 2 5 0 .0 0 0 ,0 0 0 --.---.......- - - Gt Nor 1st & Ref M g red 105 beg ’ 41 B a.xc**r 7.518 1911
1917
Collateral trust gold Dotes call (see text) — Bayyc
Old Underlying Divisional Bonds1883
St P M & M consol mtge\(now 1st M) gold -.C ez’l
1883
for 550,000.000........./(V 91 p 518) sink fund-?.[
1883
1887
Montana Ext 1st M (525.000 p m) gold---- Ce.zc’ &r
1890
Pacific Extension M £6,000.000 gold------- Ce.zc*&r
1901
C B & Q col tr M g red at 105
share----- Gxc*&r*
1901
do
do
do
registered------zr*
1882
Minn Un Ry 1st mtge gold ussuined-------------- Ce.zc*
2 1882
do
do
do
-----------------------1 1898
E of Minn No Dlv M $9,700,000 g ass red_Ba. zc*&r
0 1887
Mont Cent 1st M g ($6,000,000 are 6s) ass__-Ce.zc.5srj
1 1888
Wlllmar <&Sioux Falls 1st M g assum (end)Ce.zc* &r
0 1889
Spokane Falls & North first mtge g assum --Ba.xo*
Qt North Ry of Can— See Canadian North Quebec Ry
. 1908
Great Southern R R — 1st M $5,000,000 g o l d ............. x
iireen Bay & Western RR— Stock (see text)-----------I 1896
Debentures Class A Incomes text non-cum------- zc*
. 1896
Class B Incomes after 5% on stock non-cum_zc*
a $11,502,000 additional pledged for Pacific Extens ion boo ads
Par
Value
Amount
Outstanding
£100
£100 &c
£100 &c
1.000
1.000
$ or £
1,000
1.000
£2.000.000
£ 1.000.000
£2.500.000
$2,000,000
240.000
1,000.000
2,167.000
2,006,000
1.000
1,000
1,572.000
2,500,000
Rate
%
165.000
6g
15,000.000
4 g
11.541.000
4g
100 249.478,250 7 In 1917
1.000 &o 35.668.000
4M g
5g
1,000 &c 20,000,000
J &
f &
M &
j-i,T *
M &
6g J &
13.344.000
21.059.000
4M g J &
4 £ J &
8,152 000
4 g J &
1.000 a 10.185,000
4 g .1 &
£100 &c J65.854.100
J &
$l,000&c 1107G13 500
Q -J
l 4 g
1.000 &c
6 g J <!fc
1.000 2.150.000
J &
650,000
6g
1.000
4 g A &
1,000 &c d9,695,000
1,000 &c 10,000,000 5 & 0 g J &
5g J &
1.00C 3.625.000
6
J &
229,000
1,000
1.000
1.000
1.000
1,000
100
1,000
1,000
Last Dividend
and Maturity
When
Payable
A &
5
6 g .1 & .)
. 5K J &
!<• &
5g
3H 9. J Si
A <5c
4
4 Yi M &
4M K M &
Vf ,V
4H
F &
5
$& £
( V o l . 106.
O Oct 1 1918
15 Jail 14 1621
.J July 1 1920
a !Aug i m is
jljitly 1018-1941
Ol Apr L 1936
N' May'18-May 22
NjM ay'18-Nov 22
London, England
N Y and Montreal
nnSD&TrCo. Portl’d.M*
Blair & C o., New York
do
do
do
do
N M a y '18-Nov '231
A Feb ’ 18-Aug ’27
D Doc ’ 18-Dec '22
iBauk Montreal,NY&Lon
1
J July 1 1950
do
do
8 Sept 1 1962
Feb J 1918 I K
do
do
.1 July 1 19(11
do
do
S Sept 1 1920
July 1 1933
.1 July 1 1933
J July 1 1933
1) June 1 1937
.TJuly 1 1940
J July 1 1921
July 1 1921
J July 1 l fJ22
J July 1 1922
O Apr 1 1948
J July 1 1937
D June 1 1938
J July 1 1939
j
do
do
do
do
do
do
do
do
N Y & Lond, Baring Broa
do
do
lew ’
do
32 Nassau St,’ New York
do
do
do
do
Sec Sav & Tr Co. Port.Or
5 g J & J July 1 1928
590.000
Feb
Feb 15 1918 5% Office 40 Wall S t N Y
2.500.000 5 Feb* 17
do
do
Feb
Feb 15 1918 5%
600.000 5 Feb ’ 17
do
do
Feb
Feb 15 ’ 18 H %
7,000.000 1 Feb ’ 17
d Subject to call at 1 05 after
April 19 28
OFFICERS.— Chairman of Board. Louis W . II11I; Asst, to President.
In July 1916 purchased Watertown &Sloux Falls R R ., 103 miles (V. 103.
It. Budd; V.-Pres. (Traffic), W . P. Kenney; V.-Pres. & Gon. Mgr., J. M .
p. 145). New terminal cos. 1917, V . 104, p. 560.
. „
. _
Gruber,
St. Paul; V.-Pres. & Asst. Sec., E. T. Nichols, Now York; V.-Pres.
Owns Jointly with Northern Pacific the Spokane Portland & Seattle R y ., & Compt.,
G. R. Martin; V.-Pres. & Gen. Counsel, E. O. Bindley I Sec. &
556 miles. V. 85. p. 1273; V. 86. p. 1529. ,
,
‘
„
v
In Dec. 1908 Chic. Burl. & Quincy (Jointly held with Nor. Pac.) acquired Treas.. L. E. Katzenbach, St. Paul; Asst. Sec. and Asst. Treas., N. lercontrol of Colo. & Southern. V. 87. p. 1664. Uses Jointly Northern huno, New York; Gen. Mgr., J. M . Gruber. N .Y . oflice, 32 Nassau 9t.
DIRECTORS.— L. W. Hill, R. Budd. W . P. Kenney, E. p . Bindley.
Pacific line, Seattle to Vancouver, Wash., 174 miles. V . 88. p.1372.
In Dec. 1909 a Joint control was acquired o f Spokane & Inland Empire L. E. Katzenbach, F. E. Weyerhaeuser, W . B. Dean, St. l’ aul; A. L. prdoan. A. D . Thomson. Duluth; P. B. Howe. Minneapolis; E . T . Nlchou.
(Electric) R R .. 213 m. See "Electric R y .'* Section.
Controls Midland R y. o f Manitoba Jointly with Nor. Pac. R y. V.95, p.236. A. Barton Hepburn. N . Y .— (V. 105. p. 1119, 1898, 2183; V. 10G, p. 295.)
GREAT SOUTHERN R R — See page 212.
ORGANIZATION.— In 1907-08 absorbed St. Paul Minn. & Man. ana
GREAT WESTERN R A ILW A Y.— V. 109. P- 295.
other roads theretofore controlled. V. 85, p. 600, 1209; V. 86, p. 168. 794
GREEN BAY & WESTERN R R .— Road owned from Groen Bay, WIs..
STOCK.— In 1898 surrendered the right to Issue common stock, all stock
being "o f a single class with uniform rights.” V. 83, p. 1469; V.84. p.749. to East Winona, Wis.. 213 miles; branches. &c., 38 m.; trackago Ch. &
W ., 23 miles.
..
DIV IDE N DS.V92 t o ’96 (Incl.) ’ 97. ’98. *99. '00. 1901 to Feb. T 8. N .SECURITIES.—
There are no fixed charges on the property other than
5H 6 M 7
7 7% yearly, Q-F
P e rce n t.................... J 5% yearly
nor can any be placed thereon or the property be sold or leased
Also In 1898 50% In Seattle Sc M ont, stock, which was then exchanged taxes,
without consent ot 75% o[ stock. Class A debentures are entitled to 2 H%
at 80 In payment of 40% o f subscription to additional Gt. Nor. pref. V . 66. Interest,
If earned, then common stock to 2 H % , then the two share ratably,
p. 1044. 1188; V . 74. p- 829. In M ay 1901. H % and In N ov. 1907 1 K %
after 5% on both, class B Is entitled to all surplus earns. V. 01. P. 471.
was paid from earns, of Lake Superior C o.. Ltd., and In Dect 1906 unit for. butLATE
D lV S .'0 5 --07. 'OS. '09. TO. ' l l . '12. T 3. '14. '15. 19. 17. 18.
unit. 1.500.000 shares In Iron ore properties. See "General Finances.
5
Class " A " debs. 5 y'ly
5
5
5 5
5 5
5
5 6
BONDS.— Of the "1st & Ref.” 50-year bonds ($600,000,000 auth.), $78,- Capital
5
5
sto
ck .. 5 y ’ly
5
5
5 5
5 5
5
5 6
879,000) had been issued as 4 K % bonds to Doc. 31 1917, o f which $35,668,- Class “ B ” debs..................
K
'4
H
H
1H
«
H
H
000 sold and $18,211,000 held in treasury and pension fund and $25,000,000
$160.M l
EARNING
S.—
11
m
os.,(1917-----Gross,
$683,616;
Net(aft.
deposited as security under company's collateral trust indenture to secure
201,219
Jan. 1 to Nov. 30.
11016___ Gross, 698.851; rents)
tho issue thereunder o f 320,000,000 3-year 5% Collateral Trust notes.
REPORT for year ending Dec. 31 1916 In V. 104. p. 1806.
These bonds (in hands of public) are a first lien, directly or through deposit Cal.
■ dross
Net after Div. on
Dividend
Div. on
tsat..
of stock, on 2,736.41 miles of road at $13,035 per mile, and a general lion
Year.
Earns.
Taxes. Deb. " A ."
on Stock.
D eb."B .
Surp.
(subject to existing liens o f $22,491 per mile) on 4,781.31 miles; total mileage 1910_____$850,071 $240,973 (5)$30.000 (5)$125.000(1 %)$70.000 $15,973
covered, 7,517.72; also secured by equipment at the time o f the mortgage 1915......... 780,423 207.533 (5) 30.000 (5) 125.000 CH> 43.750
8.783
costing $59,073,180, upon $46,200,068 o f which it Is a first lien. V . 92, p.
DIRECTORS.— J. A. Jordan, Pres.; Edgar Palmer. V.-Pres.; Charles W .
1499; V. 93. p. 871; V. 98, p. 698.
Cox., Sec. & Treas., 40 Wall St., O. Ledyard Blair, J. A. Jordan. Henry R .
Provisions Respecting Issuance o1 the $600,000,000 Bonds Authorized.
Taylor, W . J. Wilson and Frank B. Seymour of Green Bay. Wis.— (V . 102,
Sold for pres, purposes, 535,000,000; held In treas ,$ 10,000,000_S45,000,00<
p. 437, 1250. 1806; V. 101. p. 451. 1387. 1483; V. 106, p. 395, 49S.)
Reserved to retire existing obligations. Including the $222,400,GREENE R R .— Owns road from Chenango Forks to Greene, N . Y ., 8
000 auth. Issue of Northern Pacific-Great Northern joint 4s,
miles. Leased to Delaware Lackawanna S: Western for term ot charter
due 1921. of which $7,173,000 have not yet been Issued (no
for
6% on stock. Stock, S200.000; par, $100.
additional bonds, not provided for In the mortgage, are to be
GREENVILLE & WESTERN R R .— See page 212.
Issued or underlying bonds extended).......... - ............. - ..........332.062.00C
Reserved for general corporate purposes, acquisition of new
GREENWICH & JOHNSON VILLE RY.— Owns from Sohuyleryille. N .Y .;
lines, &e., and purchase of stocks and bonds of other cos------122.938,006
to Johnsonvllle, N.Y 21.15 -n. Stock. J225.000, all owned by Del. * Hud
Reserved for the acquisition and construction of new lines, ter
son Co. V. 00. p. 790. Bonds, see table above. For year ending June 30
minals. &o.. at not exceeding $3,000,000 In any oal. year— 100.000,006
1015. gross. $115,222; net. $60,543; charges. $39,976: bal., sur.. $11,762.
The $43 A 11,000 o f above Issue held In the treasury includes: $21,211,009 For year ending Dec. 31 1916, gross, $112,131; net. $76,964; charges. $42,213:
div., $13,500: bal., surp., $21,251. Pros., 1. O. Blandy. Greenwich.
Issued for acquisition of stocks of other cos.. $ 12,000,000 for acquisition.and
N. Y .— (V. 86. p. 1224.)
construction o f uew lines, Sec., and $10,000,000 of original 545,000,000.
OROVETON LUFKIN & NORTHERN RY — Owns Vcttoh to Valr, Tex..
St. Paul Minn. & Man. consol, mtge. of 1883, for $50,000,000. Is now a
first lien on both land grant and 2.540.83 miles of road and a second lien on 21.15 miles; trackage. Groveton to Veltch, 1.25 m., and Valr to Lufkin,
2.47 m. of double track formerly Minneapolis Union Ry. V. 91, p. 518; V.64. Tex.. 13.0 m.; total. 36 miles. Stock 550.000; par, S100. Bonds.
$137,000; sec table above (V. DO, p. 109]. For year ending June 30 1916,
p . 518 ;V. 86. p. 229; V. 87. p. 1533; V. 83. p . 295. 624. 1061. 1372.
Montana Extension mtge. is limited to $21,687,000 on 837 miles In State gross, $02,521; net, $22,007; charges. $34,653; bal., d cf. $11,713. Pres..
of Montana; $10,185,000 are in hands of the public and $11,502,000 with J. S. Joyce. Chicago. Office. Groveton, Tex.— (V. 90. p. 100.)
trustee o f Pacific ext. mtge- to secure to that mtge. first lion on tracks
GUANTANAMO & WESTERN R R .—Soa page 212, V. 105. p. 189S.
Pacific Jet. to Idaho State line. 417 miles.
.
.
,
GUAYAQUIL & QUITO R Y .— See issue of Apr. 1911. V. 105. p . 909.
Pacific Extension ratge.. £6.000.000. at £6.000 nor mile In Montana and
GULF FLORIDA & ALABAMA R Y .— (See M a p .)--Pensacola, Fla.
£7,000 per mile west o f Montana. V. 66. p. 1044, 1188; V , 80, p. 1111.
to a connection with thu So. Ry. at Kimbrough, Ala., 143 m.; Gatoswood1174; V. 90. p. 303. See abstract of mtge.. V. 62, p. 82.
On Doc. 31 1917 Gt. Nor. and Nor. Pac. owned $10,613,500 of tho Jet. to Oweu, 15 m.; sidings. 10 m. Goulding branch. 2H in.; total, liOW m$110,839,100 Chicago Burl. & Quincy RR . stock, exchanged for thoir Broughton, Ala., to Kimbrough, 50 miles, hero Included, was opened for
joint 20-year 4% gold bonds (secured by deposit of the stock In trust), traffic in Dec. 1916. V. 101. p. 614; plors, &c., Pensacola., V . 05. p. 1541:
V. 97. p. 1203. Extensions projected to coal and mineral territory or
on basis of $200 In bonds for each $100 stock. See circular, V. 72, p. 871
Northern Alabama. V. 93, p. 1259, 163; V . 95, p. 419; V. 07, p. 40, 050.
1034, 1135, and application to list, V. 73, p. 294, 903; V. 85, p. 600.
Autn. stk.. *1.600.000 5% non-cum. nf.; Sh,000.000 corn.; par. *100
Eastern Ry. of Minnesota.— Nor. Div. mtge. of IS93 limited to $9,700,000
In May 1917 receivers were appointed; solo receiver Is now Joh n,I.
are red. at 105 after April 1 1928. V. 66, p. 471; V. 88, p. 1002, 1253
Stcelo. Interest on 1st M . os was not paid July 1 1917. On M ay 28 the
NOTE ISSUE.— On Sept. 1 1917 sold $20,000,000 Collateral Trust Court
authorized tho Issuance of 3500,000 receivers' certificates; $222,500
Three-Year 5% gold notes, dated Sept. 1 1917, due Sept. I 1920, but re
deemable at any time before Sept. 1 1918 at 101 and int., and at any time of these wore sold prior to Nov. 1917. V. 104, p . 2117, 2343; V. 105, p.
thereafter before maturity at 100M and int. Secured by s25.000.000
Bondholders' Protective Committee.— Georgo C. Van Tuyl Jr.. Chairman,
First & Ref. Mtge. 4 K % bonds, due 1961. V. 105, p. 606. 715.
Pros. Metropolitan Trust Co., N. Y. City: Juraos F. McNamara, S ecy.
GENERAL FINANCES.— Total funded debt in hands of public Dec. 31 00 Wall St. See circular V. 101, p. 2117; V. 105, p. 2094.
1916. $143,235,515. Per mile of road (7,820.64 in.), bonds, $18,315 06;
REORGANIZATION PLAN.— In Nov. 1917 tho road for lack of ade
stock, $31,899 80. Train load, 6 mos. to Doc. 31 1916, 701 tons; same quate rolling stock and other facilities was showing a deficit from operation
period 1915, 708.
of about $10,000 a month. In order to put tho property on its feet, with
E A R N IN G S.—12 mos.,J1917--Gross, $88,534,163;
net, $23,581,039 means to obtain the needed equipment, &c., and a prospective gross Income
Jan. 1 to Dec. 31.
\1916--Gross, 83,152,017; net, 29,321,536 ol' 3100,000, tho foregoing committee, which on Nov. 22 represented
of the $4,410,000 1st mtge. bonds, brought out a plan of l'eor-.
REPO RT.— Fiscal year now ends Doc. 31. For 6 mos. ending Doc. 31 $3,800,000
ganlzation dated Nov. 12 1917 (underwritten). V. 105. p. 2091.
1916, see V. 104, p. 2109. 2124.
„
„
'
This
plan
provides for foreclosure and the creation by a successor com
6 Mos. to — Years ending June 30- pany of tho now
bonds, &c., shown at top of page.
Dec. 31 T 6.
1916.
1915.
BONDS.— As to the 1st 5s ($10,000,000 auth. Issue), see V. 93, p.
Average miles operated_______
8,143
8,053
8,061
$13,661,645 $13,161,857 lGE,uiNINGS*— il15m os.'j lot ^Gross', $100,512; Net(aft. Ioss$l,142,225
Passenger earnings......................$8,356,578
Freight......................................... 34,686,306
60,177,249 47.147,314
Jan. 1 to Nov. 30.
11916-Gross, 165,205: rents) loss
16.650
Mail, express. &c...................... 3,352,385
5,993,718
5,635,800
NEW OFFICERS (elected In April 1917).— Nowton P. Hutchinson.
Other than transportation____
899,149
1,429,866
1,214,887 President,
with offlco at Providence. R. I.; John T. Steolo, First Vlco-Pres..
Buffalo, N. Y.; Win. U. Knowles. Second Vice-Pros., Pensacola, bla.;
Gross operating revenues__ $47,294,419
$81,262,478 $67,162,858 Philip
Sawyer, Sec’y. Elmira, N. Y .; F. S. Stranahan, Treas., Provldenco.
Gross corporate income_______ $21,023,823
$35,061,822 $28,015,114
Rentals paid...............................
$475,740
$888,892
$849,078 — (VT 101, p. 014, 1899, 2343, 2091: V. 100. p. 189.)
GULF
MOBILE & NORTHERN R R .— Operates 403 miles, viz.: M o
Hire o f equipment balance, &c_____
126,487
129,048
100,262
Bond interest accrued________ 3,220,419
6,443,267
6,447,504 bile, Ala., to Middleton, Tenn.. 309 m.; Beaumont, Miss, to Hattiesburg.
Dividends on stock (7% per annum) 8,731,251 17,456,390 16,796,857 27 m.: Ellisvlllo Jet. to Ellisvlllo. Miss., 7 miles.
In Jan. 1918 purchased tho securities of tho Meridian & Memphis Ry.
Intorest on new stock subscriptions-- ----------------------193,319
Renewal Allouoz Bay ore docks-------128,166
256,332
256,332 ($500,000 capital stock, $675,000 30-ycar 5% bonds, duo 1043, anil $200,000
collateral trust notes, due July 1 1919). but will operate the line, which
Miscellaneous appropriations_______
— -— 3,100.865
275,090
Improvement anti renewal fund-----------------3,500,000
1,000,000 extends from Union to Meridian. 33 miles, as a separate property under Its
Pension f u n d - - - - - - - - ________
10,448
1,000,000
------eliMtame.
]ans iia(} j,con drawn for a $ 1,000,000 tidewater terminal
Balance, surplus......................$3,331,309
$2,287,027 $2,096,762 near Mobile. V. 105. p. 25-12; V. 100, p. 296: V. 105. p. 2542.
Feb ., 1918 j
RAILWAY STOCKS AND BONDS
RAILROAD COM PA NIES
[For abbreviations, <fec„ see notes on first page]
Miles Date
Road Ronds
fircone RR (New York)—Stook.guar_____ _______
Greenville & W estern RR— 1st M 8460,000_______
Greenwich & Johnsonville— 1st M 5500,000 g . G.zo&r
Groveton Lufkin & Northern R y —1st M gold
.
Guantanamo & Western—1st M *600,000 gold-Col.x
One-year coupon notes $500,000__________________
Car trusts as of June 30 1917 (Series l t o 4 ) ..............
G u lf Fla & Ala—Receivers' certificates $500.000___
1st M $10,000,000 gold red 105______Col.xc*&r*
160
New Securities Proposed by Rcorg. Plan of Nov. 12 ’17 ( a p p r o
Participation receipts issuable____________________
160
Capital stock $2,500,000 auth v i e (.participating
with incomes)_________________ ________________
1st M $3,000,060 gold (abt $500,000 reserved)____
160
Income 5% bonds ($1,500,000) participating with
stock after 5% on each________________________
G u lf L i.lc—See Hav.kinsville & Florida Southern Uy
G u lf Mobile & Nor RR— Common stock (vot tr ctfs)
Pref (p & d) (v t cortfs) 6 % , non-cum for 3 years__
New mortgage $15,000,000 authorized.....................
Gulf & Ship Island—Stock...................... ........... .........
307
First Refund and Term M gold sink fund.N.xo^x&r*
Serial debentures gcall at 105 ($50,000 due y l y )-..y
Gulf Term. Mobile— 1st M *700.000 g gu (text) xo*&r*
'9 9
Gulf Texas & West— 1st M *10,000,OOOg redl05-M px
Hampden RR— First mortgage see text___________
Hancock & Calumet—See Mineral Range RR
Hanniba! & St Joseph—See Chicago Burlington & Qul n o y
20
Harriman & Northeastern— First mortgage gold-.Cez
Oar trusts due semi-annually................ .............. —
Harrisburg Ports Alt J & Lane— See Penna Ry.
124
Hartford & Connecticut Western— Stoca----------------124
First mortgage extended In gold In 1 9 0 3 ---...........z
44
Hawklnsv & FI So— 1st M *400.000 gold guar p & Lx
Haytian Am Corp— Pref stock 7% s fd call 110 conv.
Henderson Bridge Co—See Louisville & Nashville RR
Hibernia Mine RR— Stock................................ - ............
k T h e n e w s t o c k a n d b o n d s w ill t o a g r e a t e r o r le s s e x t e n t
Par
Value
Amount
Outstanding
$100
1914
1904
1909
1909
1916
V ar.
1917
1911
x .)
’ 1 7 -1 8
1*666
T .060
600
&c
1.000
$200,000
4 6 0 .0 0 0
4 0 0 .0 0 0
4 3 7 .0 0 0
6 0 0 .0 0 0
4 5 0 .0 0 0
3 1 2 .0 0 0
2 5 0 .0 0 0
4 .4 1 0
o.’ooof
5001
k l . 109
2 ,5
00
’ 1 7 -T 8
k 2 ,5 0 0 ,0 0 0
k 2 , 5 0 0 ,0 0 0 :
’ 1 7 -1 8
k l , 2 0 0 ,0 0 0
100
100
1902
1916
1907
1909
100
.000 &o
1.000
1.000
1.000
1 0 .8 2 2 .5 0 0
1 1 ,3 4 4 .4 0 0
S ee tex t
7 .0 0 0 .
5 .0 0 0 .
3 5 0 .0 0 0
6 0 0 .0 0 0
2.000. 000
Rate
%
When
Payable
6
6
4 g
5 8
6 g
J
& D
J
&
J
J
*
J
&
M & N 15
5 g
J
&
100
1883
1902
bo
&o
3 0 0 .0 0 0
1 0 8 .0 0 0
100
1.000
1.000
100
2 .9 6 7 .0 0 0
7 0 0 .0 0 0
6 0 6 .0 0 0
5 .5 0 0 .0 0 0
100
200.000
h e l d in e s c r o w f o r 3 y r s .
Last Dividend
and Maturity
D e c 19 T 7 3 %
J u ly 1 1 9 3 4
Jan 1 1924
Jan 1 1939
N ov 15 1929
N o v 1 1917
V a rio u s
J J u ly 1 1961
Places Where Interest and
Dividends are Payable
D
L
&
W ,
90
W est
St
G u a ra n ty T ru s t C o . N
Y
C o lu m b ia T r u s t C o . N Y
E x te n d e d t o F e b 15 191 8
J u ly
1
’ 17
in t
not
p a id
6
tex t
6 g
u p to 5
000
005
0 g
2 *e
4
5 g
te x t
Q-J
&
&
J
M
J
M
&
&
S ee tex t
1895
59
56 *
2
4H
3
See tex
jin 2 0 y e a rs
S ee tex t
jin 3 0 y e a r s
do
J u ly 15 1 9 1 3 1 %
J F eb 1 1952
N M a y 1918 to ’24
J Jan 1 1957
N N o v 1 1939
__ 3 0 y e a r s
B u ffa lo , N Y
M e t r o p o lit a n T r C o .
B ankers T r C o, B u
F r a n k lin T r u s t C o ,
M e t r o p o lit a n T r C o ,
J J a n 1 1921
D T o J u n e 1924
C en tra l T ru s t C o . N Y
U n io n S B & T r C o . C in e
F & A 31 A u g 3 1 1 9 1 7 1 %
J
&
J J u ly 1 1 92 3
A
A
O A p r 1 1952
Q -J
See tex t
A
&
O A p r 1 1917
1H
N
ffa
N
N
Y
lo
Y
Y
H a rtfo rd
do
U n lO D S B A T r C o . C l n
N ew Y ork T ru st C o . N Y
S ee C en tra l o f N e w J ersey
t.
p. 451) the control of the 55-mile railroad, electric light plant, wharf and
warehouses in Port au Prince, the capital and principal seaport, and the
control, through bond and stock ownership, o f the electric light property
at Cap Haltien; and proposes to cultivate and grind sugar cane, principally
ORGAN IZATION .— S u c c e s s o r J a n . 1 1 9 1 7 o f t h e New O r l e a n s M o b i l e
In the fertile plains of Cul de Sac and Leogane, where It has obtained control
& C h ic a g o R R . . f o r e c lo s e d A u g . 18 1 9 1 5 , p e r p la n In V . 1 0 0 , p . 1 0 7 8 ; V .
and ownership of over 20,000 acres, and Is completing a sugar factory with
103. p . 223 8; V . 104. p . 256. 764.
j
„
a capacity of 2,000 tons a day.
B o t h cla s se s o f s t o c k a re t o b o v e s te d fo r n o t o v e r 5 y e a r s in v o t in g t r u s
te e s , v iz ., J o h n W . F la t t e n , F r e d e r ic k W m . S c o t t , S a m u e l S . C a m p b e ll
Capitalization (No bonded debt without consent of 75% of preferred stock).
T .
N e ls o n S tro th e r a n d A . I I. S . P o st.
T h e p r e f . s t o c k I s 6 % n o n - c u m f o r Pref. (a. & d .) stock (par $100).
Convertible Into common share
llr s t 3 y e a r s a n d c u m u la tiv e th e r e a ft e r .
for share. Sinking fund begins in 1920. Issued, $5,500,000;
O f th e n o w b o n d s th e c o m m it t e e m a y c a u s e s u ffic ie n t t o b e s o ld t o p r o
reserved, $500,000 (see offering, V. 104. p. 451).......................$6,000,000
v id e t h e c a s h r e q u ir e m e n ts o f p la n , t o p a y fo r e x te n s io n s , & c ., o r m a y p r o
Ordinary com. stock (without par val.), 2.500 shs. held In treas.60,000 shs.
v i d e f o r s a m e b y is s u e o f n o t e s o r o t h e r w i s e .
Founders’ stock (without par value).............................................. 60,000 shs.
T h e r e a r e $ 3 3 ,0 0 0 o ld M o b il e J a c k . & K . C . 1 st 5 0 -y e a r (n o t t a x - e x e m n t )
D IV ID E N D S.— No. 1, 1 1-6%, paid April 1 1917; July and Oct. 1
g o ld 5 s. d u o J u n o 1 9 4 6 ; ln t. J . & I ) .; C e n tr a l T r u s t C o ., N . Y . , tru s te e ^
and Jan. 1 1918. each 1 J* %.
E A R N I N G S . — 1 1 m o s . , f 1 9 1 7 --------G r o s s , $ 1 , 1 4 2 , 4 4 2 ; N o t ( a f t . $ 7 4 3 1 0 3
ESTIM
ATED ANNUAL NET EARNINGS.— Of public utilities,
J en . 1 to N o v . 30.
\ 1 9 1 6 ------- G r o s s ,
1 ,8 9 1 ,0 2 5 ;
ren ts)
61K 263
$385,000; sugar property, with sugar selling at 2.73c. (aver. 10 years),
E A R N I N G S .— Y e a rs en d . J u n e 3 0 1916 a n d 6 m o s. to J u n e 3 0 1 9 1 7 :
$954,540; total. $1,339,540. Each H ct. advance over the 10-year averJune 3 0
Gross
Net, after
Other
Total
Rentals az should net $345,000 additional yearly Income, based on a 2.000-ton
Year—
Earnings. Taxes.
Income. Income.
dally grinding capacity.
<&c.
1 9 1 5 - 1 6 ( y e a r ) ...............$ 2 , 0 3 9 , 1 3 4
$ 5 5 9 ,9 1 6
$ 1 0 0 ,3 2 6
$ 6 6 0 ,2 4 2
Directors- P. W . Chapman (Pres.), W. K. Dick, E. Edgar Elliott,
$ 2 7 ,9 0 8
1 9 1 4 - 1 5 ( y e a r ) _________ 1 . 7 7 1 . 4 7 3
3 7 4 ,1 2 9
5 4 ,1 8 0
428 309
George E .Turnure, Edward H. Yorke, George B. Caldwell, F. A. Dilling
2 7 ,8 1 2
6 m os. to Ju n e 30 T 7 1 ,0 2 0 ,4 8 7
2 5 0 ,9 1 8
1 1 7 .8 3 2
368 750
ham, E. D. Douglas (V .-P.), H. B. Harris (V .-P .), Philip W . Henry,
3 ,0 9 3
6 m os. to June 30 T 6 1 ,0 5 0 ,7 9 0
2 8 3 ,4 4 0
5 7 ,9 2 1
341 361
W. W . Lanahan, S. Mallet-Prevost, Stacy O. Richmond.— (V. 104. p.
3 ,9 1 1
256, 1387; V. 105. p. 497.)
WHIBERNIA MINE RR.— Owns Rookaway to Hibernia Mines, N. J.;
tw l
UMU
iiui *yJj « aJcaa., . 11.
ASSt IT
4.2 m „ leased to Cent, of N. J. to Oct. 1930 at *6.000 yly.— (V.91.p.1766.)
a n d C h a u n c e y I I . M u r p h e y , A s s t . S e c .— ( V . 1 0 5 , p . 6 0 6 . 8 1 8 , 2 5 4 2 .)
HOCKING VALLEY RY.— The company’s main line extends from
Q U L F & S H I P I S L A N D R R . — O w n s f r o m G u lf p o r t , o n M ls s ls s ln n i S o u n d
Rockwell to Columbus, 119.6 miles; Columbus to Athens, 75.6 m.; OldG u lf o f M e x i c o , t o J a c k s o n . M is s ., 101 m • M a x le t o M e n d e n h a ll
104 75
town to Pomeroy, 80.6 m.; total main line, 275.8 miles, with trackage
m .; S a r a t o g a t o L a u r e l, 4 1 .7 5 m ile s ; t o t a l , 3 0 8 m ile s .
' 1 0 4 -7 5
(Toledo Term. R R .) Toledo to Walbridge, 3.6 m.; (L. S. & M . S. R y .).
D I V I D E N D S .— 1 90 3 t o 1 9 1 0 . 4 % y e a r ly ; 1 9 1 1 . 4 % ; 1 9 1 2 & 1 9 1 3 , 2 % .
Toledo to Rockwell. 2.5 m.; (P. O. O. & St. L .R y .) Columbus, O., .5 m.;
B O N D S . — O f t h e f i r s t 5 s o u t s t a n d i n g In J u l y 1 9 1 6 , $ 8 5 0 0 0 0 h i m d i 'w n w '
total main line and trackage, 282.4 miles. Branches, 45.4 m.; leases W . &
In s k g . f d . ( b o n d s n o t c a l l a b l e ) . S e e V . 7 4 , p . 4 2 6 , a n d a p p l i c a t i o n t o I f a t ’
J. B. R y., Dundas to Jackson and branches, 17.8 m.; Pomeroy Belt R y ..
V . 7 4 . p . 1 2 5 7 : V . 8 1 . P . 2 0 4 . O f t h e G e n . & R e f . s e r ia l 6 s 0 * 1 9 1 1 ( $ 1 0 0 0 0 0 0
Pomeroy, O., 4 m.; total. 349.6 miles; second track. 53.8 miles. Owns
a u t h . I s s u e ). $ 2 0 0 ,0 0 0 e a c h w e r e p a id in A p r il 1 9 1 3 , 1 9 1 4 , 1 9 1 5 a r i d 1 9 1 6
hart interest in Toledo Terminal RR . V. 99, p. 1210. Double tracking.
V . 92. p . 460.
I n 1 9 1 6 $ 3 5 0 ,0 0 0 s e r ia l 6 % d e b e n t u r e s w e r e I s s u e d .
V. 105, p. 1801.
HISTORY. &o.—Successor Feb. 25 1899, per plan V. 68. p. 231, o f
Columbus Hocking Valley & Toledo Ry. foreclosed. The coal lands aggre
gate about 20.975 acres, and are covered by the consolidated mortgage,
partly by direct lien and partly by pledged securities. Decision In Ohio
ren ts)
6 1 7 ,9 2 7
State anti-trust suit, V. 105, p. 997, 909, 818.
R E P O R T .— F o r fis c a l y e a r e n d in g J u n o 3 0 1 9 1 6 , V . 1 03 n . i 7 s s
DIVS.— I ’01. 02-’06. ’07. ’08-10. '11. ’ 12. '13. *14. ’ 15. *16. ’ 17.
Years end. June 3 0
G row .
I V e f.
Other Inc. Charges. Rat Sur
P ercent------- 1 1H 3 yrly. 314 4 yriy. 7 7K 12
7
3 4 514
__________ $ 1 , 9 6 4 , 1 7 7
$ 7 3 8 ,4 7 7
$ 1 6 ,9 8 2
$341 443
S i 1 A 016*
1 9 1 5 -1 6 .
In 1917 paid 2% June 30; 314% Dec. 31. V. 105, p. 1998.
1 9 1 4 - 1 5 . : : : ____________ 1, 633, 000^ 429,584
31.488 340.069 121003
P r e s ., M r s . M e l o d l a B . J o n e s , B u f fa lo , N . Y — ( V .1 0 3 ,p ,4 0 6 , 1 4 1 3 ,1 7 8 8 .)
STOCK.— Chesapeake & Ohio Ry. owns $8,825,900 stock.
BONDS.— The consols (*20.000.000 authorized), besides a lien on the
G U L F T E R M I N A L C O .. M O B I L E .— O w n s u n io n p a s s e n g e r s t a t io n a n d
entire property, sub.cct only to *3.842,000 prior bonds, have a first lien On
a p p r o a c h e s a t M o b il e . A l a . , le a s e d b y t h e S o u t h e r n R y . a n d M o b ile & O h io
all the coal lands; *3,842,000 consol9 are reserved to retire the existing bonds
R R . . w h ic h o w n th e s t o c k a n d g u a r a n t e e t h e b o n d s , J o in tly a n d s e v e r a lly
(the latter may be extended at maturity). V. 72, p. 338; V. 74, p. 1038;
p . & I ., b y e n d .
F r a n k lin T r u s t C o ., N . Y i s m t g e . t r u s t e e .— V . 8 4 , p . 5 0
V. 86, p. 229. Substantially all of the bonds and stock of the Ohio Land
G U L F T E X A S & W E S T E R N R Y .— S e y m o u r t o S a le s v ille , T e x . . 99
& Ry. Co. and the Wellston & Jackson Belt R y., 18 miles, were deposited
m ile s .
H a s t r a c k a g e a g r e e m e n t f o r f r e ig h t t r a in s t o W e a t h e r f o r d
31 m
under said mortgage, but see V. 101, p. 370; V. 68, p. 823.
a n d f o r p a s s o n g o r t r a i n s t o M i n e r a l W e l l s , 9 m . , g i v i n g e n t r a n c e v l a 'W e a t h "
The $5,000,000 6% gold notes due Nov. 1 1918 were issued In Sept. 1917
M in e r a l W e lls it N . W . a n d T a x a s & P a c ifi c t o D a lla s a n d F o r t W o r t h
to provide for the $4,000,000 notes due N ov. 1 1917 and for other capital
S t o c k a u t h ., $ 5 0 0 ,0 0 0 ; o u t s t ’g J u n o 1 9 1 7 $ 2 5 0 ,0 0 0 ; p a r o f s h a re s 5 1 0 0
requirements. V. 105, p. 909.
A n e x te n s io n fr o m M id d le t o n . T e n n ., n o r t h e r ly t o J a c k s o n . T e n n ., 4 0
m i l e s . Is u n d e r c o n s t r u c t i o n , a t a n e s t i m a t e d c o s t o f b e t w e e n $ 7 0 0 , OO0 a n d
$ 8 0 0 ,0 0 0 .
V . 102, p . 1811; V . 105. p . 818.
10 000
O f t h e llr s t 5 s *
,
,0 0 0 a u t h . Issu e) 5 2 ,0 0 0 ,0 0 0 h a v e b e e n Is s u e d o n th e
fir s t 9 9 m ile s .
Y \ 8 9 . p . 9 9 3 . 1 2 2 3 ; V . 9 0 . p . 1 0 9 ; V . 9 3 . p . 4 4 : V . 9Q n 4 0 6
L o a n s a n d b ills p a y a b le D o '. 3 1 1 9 1 6 . $ 5 2 9 ,5 2 7 : c a r t r u s t s , n o n e
Y e a r en d^
b ig D e c . 31 1 9 1 6 (1 3 0 a v e r , m ile s ), g r o s s , $ 1 8 8 ,8 6 7 ; o p o r . d e f .
538b o n d ln t ., $ 1 0 0 ,2 1 6 ; r e n t a ls , & c ., $ 1 3 .3 o 3 ; b a l . , d e f i c i t , $ 1 4 9 ,1 0 8 .
P r e s ..
J • J - J o r m y n , S c r a n t o n , P a .; S e c . & T r e a s ., W . F r a n k K n o x ; D a lla s , T o x .,
(V . 9 9 , p . 4 0 6 .)
$35
H AM PDEN
R R . C O R P O R A T I O N .— S ee p a g e 2 0 5 .
H A R R I M A N & N O R T H E A S T E R N R R . — I l a r r l m a n t o P e t r o s . T e n n . , 21
m ile s
I n N o v . 1 9 0 2 e n t i r e ( * 0 0 0 . 0 0 0 ) s t o c k a c q u i r e d In I n t e r e s t o f C n o
N e w O r l e a n s & T e x . P a o . R y . . b u t Is o p e r a t e d s e p a r a t e l y ,
v V6 p 157
Iislooo!
« “ ••** d,is- * * > :
H A R T F O R D & C O N N E C T IC U T W E S T E R N R Y .— H a r t fo r d . C o n n ., tc
R h ln e c lllT ’ N . 5
n o m ile s , a n d b r a n c h , 1 4 m ile s .
L e a s e d t ill A u g . 1 9 4 0
K n s la n d R y . (n o w c o n t r o lle d b y N e w Y o r k N e w H a v e n A
H a r t f o r d R R . ) . t h e r e n t a l p a y in g c h a r g e s a n d 2 % o n s t o c k . — ( V .8 3 p .1 2 9 0 .)
H A W A II C O N S O L ID A T E D
R Y ., L T D .— O w n s P a a u IIIo t o
Puna.
1 .
H . . 5 7 m i l e s ; o i a a M i l l t o G l e n w o o d . 1 7 m . ; b r a n c h e s , 7 m . ; t o t a l 81
m ile s
S u c c e s s o r in A p r i l 1 9 1 6 o f H ilo R R . . s o ld u n d e r f o r e c l o s u r e a n d r e
o r g a n iz e d , p e r p la n In V . 1 0 1 , p . 1 7 1 3 . 2 0 7 1 . w it h a u t h o r iz e d I s s u e s a s f o l -
(>^**670
''000
c ir n ’ ^r’ S
l s t M ' „ 5/
<*> * 2 . 5 7 5 . 0 0 0 7 % c u m . « ™ t p r e f ? s t o c k
n o n -c u m . 2 d p r o f, s t o c k , (d ) $ 4 0 0 ,0 0 0 c o m m o n s t o c k .
B o p o r t in V . 1 0 3 , p . 2 4 2 6 , s h o w e d : F o r 4 m o s . e n d . J u n e 3 0 1 9 1 6 , g r o s s ,
I S 0 '0 9 9 j i n t e r e s t , $ 2 9 , 3 7 0 ; t a x e s , r e n t s , & c . , $ 4 , 2 0 8 ; b a l .
d e f „ $ o 2 ,5 2 1 .
P r & s ., J . R . G a l t . H o n o l u l u . T . H . — ( V . 1 0 3 , p . 2 4 2 6 ! )
& F L O R I D A .S O U T H E R N [ R Y .- W o r t h to H a w k in s v ille , G a ., 4 3 m ile s ; A s h b u r n t o C a m illa , 5 0 m ile s .
V . 97. p . 175, 365.
S t o c k , $ 1 0 0 ,0 0 0 , a c q u i r e d In A p r . 1 9 0 4 b y G e o r g i a S o u . & F l o r i d a , w h ic h
g u a r a n t e e s b o n d s (s e e t a b le a b o v e ) , p r lu . & I n t .
V . 9 7 , p . 175 3 6 5 .
F or
y e a r e n d in g J u n e 3 0
1 9 1 6 , g r o s s $ 1 2 3 ,9 6 7 ; n e t , $ 1 4 ,3 7 2 ; o t h e r in c o m o .
$ 4 ,7 9 9 , i n t ., t a x e s , & c ., $ 5 3 ,2 0 6 ; b a l ., d o f ., $ 3 4 ,0 3 5 .
P r e s ., J . B .M u n s o n ;
T r e a s ., W . P . H o p p e r . M a c o n , G a — (V . 9 7 . p . 1 7 5 . 3 6 5 .)
H A Y T IA N A M E R IC A N C O R P O R A T I O N — O R G A N I Z A T I O N .— In Y . o n J a n , 8 1 6 1 7 w it h a v ie w t o d e v e lo p in g t h e r e s o u r c e s o f
t h e I s la n d o f H a y t l a n d a c q u ir e d (p e r p la n in V . 1 0 3 . p . 1 4 5 , 3 1 8 ; V . 1 0 4 ,
N . Y. C e n t r a l R R . h a s t a k e n u p a t p a r c e r t a i n b o n d s o f K a n . & H o c k
in g C o a l & C o k e a n d C o n tin e n ta l C o a l C o ., a n d o w n s c e r ta in S u n d a y C re e k
C o. bonds, V . 105, p . 2542: V . 103, p . 1890, 2340, 2347; V . 104, p . 2224
V . 8 8 , p . 1135; V . 91 , p . 1235; V . 105, p . 2455.
In N o v . 1916 U . S.
a u t h . t h e s a le o f 2 , 5 0 0 s h a r e s o f B u c k e y e C o a l & R y . C o . a n d 2 , 0 0 1 s h a r e s
a n d $ 1 , 3 1 2 , 0 0 0 b o n d s o f t h e O h io L a n d & R y . C o . t o J o h n S . J o n e s . V . 1 0 3
p . 1888, 2429; V . 102, p . 2167; V . 101, p . 1370.
C a r tr u s t s o u ts ta n d in g
J a n . 1 9 1 8 , $ 1 ,0 8 0 ,0 0 0 .
Court
ANNUAL REPORT.— Traffic Is mostly freight, and over 70% of this is
bituminous coal. Average revenue train-load is large—In 1916, 1,204 tons.
Net Income, After Taxes and Fixed Charges, for Years ended June 30.
Years ended June 30—
1917.
1916.
Net incomo.................... ............................................. $2,187,765 $1,081,765
Equivalent on outstanding stock to .......... - ............
19.89%
9.83%
R e p o r t f o r c a l. y e a r 1 9 1 7 in
V . 106, p . 607.
1917.
O p e r a tin g r o v e n u e ___ ______
1916.
1915.
$ 10 ,6 9 6 ,4 3 4
$ 8 ,2 0 0 ,4 2 0
$ 6 ,4 4 1 ,4 4 5
O p e r . i n c . ( a f t e r t a x e s ) ------------ ------------------------- $ 2 , 4 5 4 , 5 6 4
$ 2 ,0 1 1 ,4 3 8
$ 1 ,9 5 7 ,4 0 9
Other income (net)................................
686,544
Gross corporate income___________ $3,141,108
Interest on debt____________________ $1,207,195
Dividends (4 % ).........- .......................
439,980
576.977
$ 2 ,5 8 8 ,4 1 5
$ 1 ,2 1 2 ,2 8 8
4 3 9 ,9 8 0
145,397
$ 2 ,1 0 2 ,8 0 6
$ 1 ,3 5 0 ,4 3 2
4 3 9 .9 8 0
Balance, surplus.................................$1,439,932
$936,147$312,394
OFFICERS.— Chairman of Board, Frank Trumbull, New York; Pres.,
Oeo. W. Stevens, Columbus, O.; Sec., Carl Remington; Treas., Jas.
Steuart MacKle, New York.
D IRECTO RS.— Frank Trumbull (Chairman). F. H. Davis, O. E. Gra
ham, H .E . Huntington and Jeremiah Mllbank. N. Y .; Geo. W. Stevens,
Richmond, Va.;J. B. Zerbe. Cleveland; F. R. Huntington, S. P. Bush. R.S.
Warner and M . J. Caples, Columbus, O.; Clarence Brown. F. J. Reynolds
Toledo, O.— (V. 106, p. 499, 601. 607.)
HOOSAC TUNNEL & WILMINGTON RR.— See page 205.
HOUSTON BELT & TERMINAL RY.—Owns a terminal line In and
around Houston, Tex., 20 miles, with large freight and passenger ter
minals. Controlled by four proprietary roads, viz., Beaumont Sour Lake
& Western R y .. Gulf Colo. & Santa Fe (Atchison System), St. Loula
Moose Jai
8 *®
REGINA'
Pasqua
M NITOB^m teOU Point
GfatliJ
[omarno.
Wolseley
'lake myyiPEO
^Kaiser
M AP
Milestone1
Eagle River
Weybura
■WoodMountain
$ @
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Killdeer
MauroS^X .
Circle ^nlCMCY}:
1» • * •
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ssb
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NOR’____.
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Linton.
Broadus
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FaulktoiA
RedfleWl
Clearmont
Slpearlial
Buffalo
Gillette
d)eadwood^_
< VPicdniont
Engleut
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Minucka
Minnesela
Hot Springs
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Laramie
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^Saunders*
Gladstone
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^Escanaba
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^ K jo / Ca'|Lbridge
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Premice
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illingham
^Ml N N EAPOLIS___
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East Winona
lOwatoni
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<>/fHolland
1
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Mbnitowoc'
Onalaska e.
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Ericson
Oakland
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ZQSiqus Center
■MADISON
Mason City
[Struble
Hampton
Marshalltown
uefferson
’ifanniug—■
Dalton;
Columbu!
Janesville,
Monroe,
'Dubuque^ ' Galetja"
Freeport
Rockford
SavanffaN. Porrestbn1
tPedarjgap id s.
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tinton;
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Iron Mountain
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lOUX FALLS
Interior
iiart|ueu\j
VVatersmeer
4 t° mb y
'Davenport; JGxtk Island*
-Ut-ror"
Waukegan
[Vol. 106.
Pmoifle
Yienn:
w Lakes>
Yale^Fit
PIERRJ
Midland
»Rosebud
Wendover'
X*
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(EASTERN SECTION)
$ v
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R A IL W A Y
R A IL W A Y STOCKS A N D BONDS
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la
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(WESTERN SECTION)
\ N
Thayer Jc.
Laramie
Daltoni
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()*J
(Vol . 106
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first pane]
M iles Date
Road Bonds
Hocking Valley Ry—Stock ........................ . - ----119
Columbus & Hooking Valley first mtge gold cxt.xo*
121
Col & Tol 1st M gold ext 1905 (V81 p 211)--U.xo•
346
First Consolidated mortgage $20,000,000 gold-.Cex
Gold notes ($4,000,000 Iss to icl notes due Nov 1’ 17)
“Equip notes gold tGq g Ser I due $25,000 s-a._G .xc*
do
do
Ser of 1913 due $100,000 ann------ x
do
do
Ser of 1914 due $80,000 ann.........
24
Hoosac Tunnel & Wilniing— 1st M $250,(KX) g ------OBz
Hons Belt & Ter— 1st \I $5.000.000g red 105 textCexo”
20
Hous & Brazos Valley— 1st M (trus Mere Tr Co, St L)
Hous E & W Texas— 1st M gu p & 1 by So Pao.Un.zo* l 191]
i
First mtge $3,000,000 gold not guaranteed.............z
453
Hous & Tex C R R —1st M 1gr g red 110 Int guCe.zo’ &r
453
• General mortgage gold interest guar end.Mp.zo*&r
55
• Waco & N W'D'Iv 1st M g $25,000 p m__.Ce,zc*&r
106
• Austin & N W (merged) 1st M g gu p & 1 Mp.zo’ &r
41
• Ft Worth Sc New Orleans 1st M (Wax to Ft W) — z
94
Cut-off 1st M $3,000,000 auth (V 94, p 131)...........
Hudson Companies— Common stock $5.000,000------Pret 7% cum and partlo see text $16.000,000--------—
Secured notes___________________________________ x
Hudson & M anhattan (H udson River Tubes)—
Common stock voting trust certificates_______ . . .
Pref stock 5% non-eumulatlve voting tr. certs. —
New York & Jersey first mortgage red110-G.xo*
First mortgage convertible_______________ G .xct«S:r
First lien Sc ref M $65,000,000 g red 105-Cexc*&r*
Adjust Inc M $33,574,000 red parcubeg 20 Gxc*&r.
Real estate mortgages------------------------ --------------Car trusts 546,000 due seml-ann (V 88, p 62 4 )..G z
Car trusts ser B g due $25,000 s-a(V91,p 1253) Oz.c*
Car trust ser O due $21,000 s-a (V 92. p 1025)-_Gz
72
Huntingdon & Broad Top—Common stock-------------72
Preferred stock 7% non-cumulatlve------------------72
First M extended In 1890 (Int only In gold) — GPx
72
Second M old 7s extended In 1895 p Sc 1 gold— GPx
72
Third M consol extended In gold In 1895-(JP.xo*
Car trusts gold due $33 000 yearly-V 84,p 1424 .x
...
Equipment trusts due about 36.600 s-a---------- PeP
Par
Value
Amount
Outstanding
Rats
%
When
Payable
$100 $11,000,000 5H in T 7 J &
1,401,000
A Sc
500 Scc
4 g
1867
F Sc
1.000
2,441,000
4 g
1875
1899 1.000 &c 16.022.000
4Vi g J Sc
M &
5,000,000
1,000
6 g
1917
25,000
4 % F Sc A
1,000
1908
F Sc
600,000
5
1,000
1913
F <Kc
1,000
480,000
1914
<Vi
M <58
221,000
1892
ty «
1,000
4,667,000
J
Sc
5 «
1907
1.000
J
Sc
420,000
6
1907
100
M Sc
2.536.000
5 g
1,000
1893
M Sc
464,000
5 g
1893
1.000
Sc
1,417,000
1,000
1800
5 S J
A Sc
4.161.000
1800
1,000
4 g
M &
1,105.000
1900
1.000
6 g
J
St
1,920,000
1,000
5 g
1891
J
709,000
Sc
6
1 000
18S5
J Sc
6
2,383,000
1,000
1910
100
5,000,000
100 16 OOO.OOO
F Sc
1913
1,500.000
0
1902
1907
1913
1913
1909
1910
1911
1854
1857
1865
1907
1918
100 39,994.890
100
5 242,151
1,000
5,000,000
944,000
£ or fr
100 & c 37,521.234
501) See 33.102.000 Up
027,000
1.000
138,000
1.000
150,000
1,000
147,000
50
1,371,750
2.000.000
50
416.000
500
500
367.500
1,000
1,107,000
132.000
1,000
134,000
1,000
Brownsville Sc Mexico Ry, and Trinity & Brazos Valley R y.. which each
own 25% o f the $25,000 stock and, under the terms of an agreement dated
July 1 1907. agree to pay, under a pro rata wheelage basis, operating ex
penses, and, on a one-fourth basis, Int. on bonds and annual sink, fund of
1% of bonds Issued. The Terminal Co. has leased from Gulf Colo. &
Santa Fe Ry. for 99 years from July 1 1907 all of Its property In Iloustou,
Tex., and the Terminal Co. has agreed to pay monthly rental and maintain
the property.— (V. 96, p. 652; V. 97, p. 1286.)
HOUSTON & BRAZOS VALLEY R R .— See page 209.
HOUSTON EAST & WEST TEXAS R Y.— (See Map of Southern Pacific.) —
Owns from Houston, Tex., to Sabine River at Logansport. 191 miles.
Stock $1,920,000, of which $1,919,100 owned by So. Pao. Co., which has
guaranteed $2,536,000 of the bonds, prln. and Int., by endorsement, re
serving the right to call them at 105 & Int. V. 70, p. 841; V. 71, p. 236.
D lv., 16% paid In 1902-03, 30% In 1907-08. 10% In 1909-10, 11% In
1911-12 and 4% 1912-13, 1913-14 out of accum. surp.; 1915-16, 6% .
Year
1915-16. gross, $ 1.486,214; net, 5403,123; other Inc., $66,954; charges, 3252,
341; divs. (6 % ). $115,200; sur., $102,536. In 1914-15, gross, $1,361,858;
net. $249,796.— (V. 103, p. 1210.)
HOUSTON & TEXAS CENTRAL R A ILR O A D .— {See Map of Southern
Pacific.)— OwnsTfrom Houston, Tex., to Denison. Tex., 338 miles; Hemp
stead. Tex., to Llano, Tex., via Austin, 215 miles; Bremond to Ross, Tex.,
55 m.; Garrett to Ft. Worth, 53 m.; Mexla to Nelleva. 94 m.; GIddings to
Hearne, 58 m.; other, 43 in.; total June 30 1916, 856 miles. Trackage
rights over San Antonio & Aransas Pass from GIddings to Flatonla, 38 in.
STOCK.— Stock, $10,000,000. of which the Southern Paclflo Co. owned
9,998,400. par $100. V. 76. p. 1084. 1192, 1407.
In 1902-03 6% was
paid out of accum. surp.; In 1910-11,20%; 1912-13, 3 % . V. 76, p. 1407.
BONDS.— The 1st M 5s are being gradually reduced with proceeds of land
■ales. The first mortgage was for $8,634,000.
Bonds may be called
at 110 and Int. with proceeds of land sales. See abstract of mortgage In
V. 52, p. 242. With the exception of $1,149,000 consol. M . 6s (on which
no Interest is paid) deposited with the trustee as part security for the gen
eral 4s, all of the consolld. 6s have been retired with proceeds of land sales.
Southern Pacific Co. owns $450,000 Lampasas Extension Interim 5s and the
$2,383,000 cut-off 6s. Unsold land grant June 30 1916, 23.461 acres.
EARNINGS.— 6 mos., (1916............ Gross, $4,838,239; not, $1,899,120
July 1 to Dec. 31.
(1915-.......... Gross, 3,622,745; net. 1.001,598
Eleven months—
11917- - Gross, $7,315,538; not (after $2,347,130
Jan. 1 to Nov. 30.
\1916.-Gross. 6.561,589; rents),
2.100,916
Year 1915-16, gross, $6,484,167; net, $1,454,397; othor Income, $476,379;
charges, $1,251,662; bal., sur., $679,114. In 1914-15, gross, $6,563,488:
net. $1,053,272.— (V. 103, p. 1210.)
HUDSON COMPANIES.— incorp. Jan. 9 1905 In New York. Holding
company for Hudson & Manhattan RR. Co. (see below). Owned Dec. 31
1917 $2,307,613 of the $5,242,151 Hudson & Manhattan RR. pref. and
$25,171,209 of tho $39,994,890 com. stock; also $1,000,000 of the stock of
Greeley Hudson Securities Corporation. V. 106, p. 493.
Plan.— The plan of May 1 1917 (V. 104, p. 1801), now operated, pro
vided for tho outstanding $1,950,000 6% notes due in 1917 and 1918 as
follows: (1) Transfer o f all Greeley stock and bonds owned to tho GreeleyIludson Securities Corp. (V. 105, p. 1806) in exchange for all of tho
latter's $2,000,000 stock and $2,000,000 6% sinking fund notes duo Aug. 1
193) but callable at 105, secured by all proporty transferred; (2) holders of
tho Hudson Companies’ $16,000,000 pref. stock having tho right to sub
scribe for tho notes at par and Int. with 35% In stock (and later possibly
the remaining 65% ); (3) Hudson Cos. to retain its H. & M . R R . (majority)
stocks ami any of the now Greeley stock not used in connection with the
note payments. V. 106, p. 493. The plan also contemplated tho following
steps which on Dec. 31 1917 had not been taken: (1) tho Hudson Cos.
$5,000,000 common stock to be canceled; (2) tho $10,000,000 pref. stock to
bo reduced and to enjoy any and all available dividends from the new
Greeley stock and II. & M . RR. stock owned.
The Greeley securities so transferred included: $2,000,000 stock of
Greeley Square Realty C o., whoso building at 33d St. and Broadway, N .Y .,
is leased to Gimbel Bros., $250,000 subordinate interest In that company’s
first mortgage ($5,500,000 held by Mutual Life Ins. Co.) and $3,627,000
out of Its $4,250,000 outstanding Ref. Mtge. 5% bonds. V. 104, p. 1800.
REPO RT.— Balance sheet as of Dec. 31 1917, V. 106, p. 493.
OFFICERS.— W. G. Oakman, Pres.; Wm. Henry Bsmura, V.-P. &
Treas.; Wm. Everdell, Sec.; M . T . Orrok, Asst. Soc. & Asst. Treas.
Directors: Chas. F. Adams 2d and Geo. C. Lee, Boston; Pliny Fisk, Oscar
L. Gubelman, Wm. C. Lane, W. G. Oakman, John W. Simpson, John I.
Waterbury, Wm. Henry Barnum; all of N. Y . City. Office, 111 Broad
way, N. Y .— (V. 105, p. 1208, 1801; V. 106, p. 493.)
5 *
5 g
M
A
F
,J
J
A
F
t e
A
5 g
4 «e A
6
4g
Sc
Sc
Sc
Sc
&
Sc
Sc
&
Sc
Places Where Interest and
Dividends are Payable
D D ec 31 ’ 17 3>* J P Morgan & Co. N Y
do
do
O Oct t 1948
A Aug 1 1955
do
do
do
do
J July 1 1999
N ew Y ork
N N ov 1 1918
Guaranty Trust Co. N Y
15 Feb 151918
A T o Aug 1 1923 (Com m ercial T r C o,P h il,
A T o Fob 1 1924 1 and 71 B w ay. N Y
S Sept 1 1922
Old Colony Tr Co, Boston
Central Trust Co, N Y
J July 1 1937
J July 1 1937
165 R roadway. New York
N May 1 1933
do
do
N May 1 1933
165 Broadway, N ewYork
J July 1 1937
do
do
O Apr 1 1921
do
do
N May l 1930
do
do
J July 1 1941
do
do
1) Deo 1 1925
do
do
D June 1 1940
A A ug 11918
F Sc A
5 g
4 Vi g F Sc A
8’ & A
5 g
to 5 See text
5
Last Dividend
and Maturity
Feb
Feb
Feb
Feb
1 1932
1 1957
1 1957
1 1957
S M a r ’ 18-Mar T9
O A pr ’ 18-Oot 20
A Aug ’ 18-Aug ’21
.1 Jan 28 1904 1%
J Jan 25 1908 3 Vi
O Sept 30 1920
A Feb 1 1925
O Moh 31 1925
O O ctT 8 -O ct’21
July ’ 18-Jan ’28
Harvey Fisk Sc Sons, N Y
Guaranty Trust C o . N Y
H.FIsk Sc Sons.N Y & L ob
do
do
No Int paid April 1917
Harvey Fisk & Sons, N Y
Guaranty Trust Co, N Y
do
do
do
do
Phila oITlce.No Am BldC
do
do
do
To
Phila Tr S D Sc
Philadelphia
do
do
do
do
Ins Co
(1) Retirement of N. Y . & Jersey R R . 1st 5s, 1932. callable
110 ($5,000,000), 1st M . 4 ^ s , due 1947. $944,000 car
trusts due Sept, 1 1913 to Aug. 1 1921 ($1,263,000) and
real ostate mortgages ($1,207,500), not over------------------- 9,538,000
(2) Additions, betterments and equipment: also for exten
sions free from prior encumbrances, provided the annual net
Income of the company Is 1 Vi times the Interest upon the
new 1st M . bonds. Incl. those then about to bo Issued, say. 12.698,096
(3) Extension to Grand Contral Station on same conditions. 6,000,000
Adjustment Income Mortgage Bonds— Int. payable out of surplus
Income and cum. from Jan. 1 1920 (V. 96. p. 209). Issued------- 33.102,000
Reserved for exchange for remaining 1st M . bonds-----------472,000
The deposited stock Is to be hold for 5 years In a voting trust and
so long as the adjustment bonds shall not have received full 5% Int. for the
preceding year, the holders shall have the right to nominate or approve
up to one lees than a majority of the board. Voting trustees: Charles
Francis Adams 2d., Boston; Felix M . Warburg and Albert H. Wiggln. N. Y.
INCOME INTEREST.— Interest on Income bonds. 5 6 of l % for 5 mos
rate 2% yearly, paid Oct. 1 1913 to Oct. 1916, incl.; boginning April 1917,
none pending establishment of $1,000,000 reserve for contingencies.
V. 104, p. 856, 1483.
EARNINGS.— For 6 mos. period end. Doc. 31:
6 M os.—
Gross.
Net.
Amort. Misc.
Fixed Int. Surplus.
1917...........$3,159,044 $1,617,844 $80,940 $141,868 $1,084,267 $310,768
1916______ 2,947,134 1,633,153 80,910 129,969 1,079,879
342,365
856, 1483):
REPO RT.— Year ending Dec. 31 1916 (V. 104
1916.
1915,
Cal. Year—
1916.
1915.
Gross RR.rev.S4 084,848 $3,725,989 Contlng.res’ve $390,000 ________
264,543
$243,765
Net, aftor tax.$2.168,604 $1,997,156 Prior bd. Int.
Buildings, net 900,376
947,395 Fixed bd. Int. 2,155.402 2,137,998
Miscellaneous
73,099
78,344 Income I n t ...(1)331,020 (2)662.040
Total net inc.$3,142,080 $3,022,895 Balance______sur.$ 1,115 def .$20,908
1914.
1913.
1912.
Railroads—
1916.
1915.
Gross earnings..$4.084.848 $3,725,989 $3,750,950 $3,743,713 $3,630,061
Net before taxes.$2.462,214 $2,269,394 $2,303,611 $2,288,687 $2,321,856
OFFICERS.— Pres., Wilbur O. Fiske: Sec. & Treas., J. S. O'Neale;
Comp., F. H. Sillick. N. Y. office, 30 Church S t — (V. 103, p. 934, 938.
1413; V. 104. p. 764, 856, 1483; V. 105, p. 905.)
HUNTINGDON & BROAD TOP MT. RR. & COAL CO.— Owns from
Huntingdon, Pa., to Mount Dallas, Pa., 44 miles; branches, Sco.. 28 miles
DEPOSIT OF STOCK.— Over 75% of stock has been deposited with 5
trustees (Drexel & C o., Phila., depositary) under agreoinont providing for
sale on or before April 1 1918 of same, which shall not be less than a majority
of the outstanding stock, the pref. at not less than $50 and the com. at not
less than $25 per share. V. 98. p. 420, 1021. 1297. 1488.
DIVS. '98. '99. ’00. ’01. ’02. ’03 '04. ’05. ’06. ’07. '08. ’09-June. 17.
Common 0 0
0 0
0
5
1
0
0
0
0
0
Preferred 5 5 H 7
5
8
7
6 5 S 4 7 M 7 3 H
0
CAR TRUSTS.— V. 105, p. 2542; V. 106, p. 296.
REPORT.— Annual results compare as follows:
„
_ . „
Year—
Gross.
Net.
Interest, <fec. Bal., Sur.
1916.................................... $679,419
$253,772
$147,727
$106,046
1915..................................... 598.804
214,464
150.666
63,798
Pres. & Gen. M gr., Carl M . Gago.— (V. 105, p. 2542; V. 106, p. 296.)
ILLINOIS CENTRAL RR.— {See M ap.)— ROAD.— Operates from Chi
cago, 111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City. Ia.. 509 miles, with numerous branches, vlz._(*whlch see):
Leased— Control owned—
Miles
Hoad owned in fee—
Miles
Chicago St. L. & N. O. R R .,
Ohloago to Cairo, 111__ )Maln
Cairo, 111., to New Orleans__ 546
(lentralla. 111., to Eastlstem .. 706
Line to Louisville, &o______ 752
Dubuque. Xowa----- J
Mem.,Tenn.,toMem.Jet.,Miss 98
Dutiuq. A Sioux City (see above) 761
Springfield to East St. Louis—
97 St. Louis Alton Sc Terre Haute. 224
Entiresffc.owned-Branohes.&o 986
Peoria. TIL. to Evansville, Ind.,
Trackage, etc_______________ 184
with 6-mlle branch_________ 234
Indianapolis, Ind., to Effing
Total operated Dec 31 1917.4.766
ham. 111. (V. 93. p. 880).........177
HISTORY LEASES. &o.— Chartered on Feb. 101851. The company pay*
to the State of Illinois 7% (for the 12 months ending Apr. 30 1916, $1,501.
071) of gross of the 766 miles owned In fee yearly In lieu of taxes. The Chi
cago St. L. Sc N. O. Is leased for 400 years from July 1 1882 at 4% per annum
on Its $10,000,000 capital stock deposited to secure tho leased line stock and
Int. on bonds. As to proposed terminal station In Chicago. V. 103, p. 1301.
Owns all tho cap. stock ($4,998,500 common and $15,000,000 pref.) of
Central of Ga. R v . but road la operated Independently. See that co. above.
Substantially all of tho stock of the Yazoo & Mississippi Valley R y..
HUDSON BAY R A IL W A Y — V. 105, p. 290.
1,382 miles, is owned In the Interest of tho Illinois Central, the latter also
nearly all of the bonds, some of which are pledged. (See 4s of
HUDSON & MANHATTAN R R .— {See M ap.)— Owns and operates owning
1953 below.) Year ending Juno 30 1916, operating rovonucs, $13,552,431;
double-tube electric tunnels opened In 1908 from Sixth Ave. and 33d St., other
income,
$251,017; total, $13,803,448; opor. expenses, taxes & int.,
N. Y. City, under the Hudson River to the D. L. & W. R R . station,
Hoboken. N. J.. and thence southwardly through the Erie and Pennsylvania
Owns
entire
stock
of Chic. Memp. & Gulf R R ., 52 m.; V. 96, p. 420, 716.
R R . stations In Jersey City and under the Hudson River to the Hudson
Terminal Buildings on Church St. (one block west o f Broadway), extending Tennessee Central RR ., see V. 105. p. 1899; faro decision, V. 106, p. 296.
CAPITAL STOCK.—The leased line stock Is secured by deposit of $10.
from Cortlandt to Fulton St. Total double-track tunnel In operation. 7.91
miles. Alsoaffords through service between Newark and N. Y. City, 000.000 Chicago St. Louis & New Orl. stock. V. 65, p. 1071; V. 106,
using Penn. RR. tracks from Jersey City to Newark. V. 90, n. 635. 1041: p. 395.
Eventually to extend to Grand Central Terminal. V. 98, p. 1993. Owns
In Jan. 1917 Union Pacific owned $22,500,000 of tho common stock.
Hudson Terminal Bldgs. Fares, see V. 93, p. 1462; V. 94, p. 1507.
LA TE l 90 *91-*99. 0 0 .’01Sep.’0 4 '0 5 to ’ 1 2 .’ 13. *14. *15. 18 17. 1918.
6
5
5 614 6 3 c l e x . q u
STOCK AND BONDS.— Under the readjustment of Jan. 14 1913 (with DIVS J « 5 yearly 5 H 6 vearly 7 yearly
In 1917. March. June and Sept., 1H % : Dec., i f i and 1 extra. V. 105,
out foreclosure) (V. 96. p. 208) fixed charges were reduced from S3.021.660
to $1,851,750. Tho plan was assented to in 1913 by about 98 Mi % of the p. 1617, 1708. Mar. 1 1918, 1?^% quarterly. V. 106, H- 85BONDS,— Cairo bridge, see adv. In •’Chronicle,’ ’ May 7 1892.
bonds and 95K % of stock. Application to list, V. 98. p. 393 8.
The Trust Bonds of 1886 are secured by deposit of $5,266,000 Chicago St. L.
First Af. $65,000,000 Auth.) issued. 5% call, any Int.dateat 105 $36,765,134
& New Orleans consols of 1881: also by a lien on the road. See V. 86, p. 1343.
Reserved (interest rate not to exceed 5% ) for—
HUDSON & M A N H A T T A N R. R. C O
M AP OF S Y S T E M
THE NEWARK SERVICE IS OPER
ATED OVER PENNSYLVANIA R R
TRACKS BETWEEN SUMMIT AVE
STATION. JERSEY CITY AND
PARK PLACE STATION NEWARK
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64
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first pane]
Illinois Central— Stook $123,552,000
Leased line 4% stock guaranteed (see remarks)— z
First mtge oil Sterling Bond old 0s ext In 1895— z"
1 8 7 4 tor Bonds extended In 1905 as $ bonds.z
$15.000.000 4s of 1886 due 1951 gold— zo'Ar
secures a 11 3 Ms of 1886 due 1951 gold..zo*&r
equally .Us 3s ol 1895 due 1951 gold— zo*Ar
(V 83. P 76) 3 Ms or 1903 due 1951 gold..zo*&r
Trust bonds sterl. (seo by Ch St L A N O oons).Us-z
First MSp Dlv Ret M (V 66. p 1237)gold_.Us.yo* Ar
Kank & S W 1st M Otto to Normal Juno A br.-.zr
Cairo Bridge bonds gold (see remarks)..Us.zo*&r
St Louis Dlv A Term M $10,000,OOOgold -Us.yo’ &r
do
$5,000,000 (see V 65. p 1173) g.Us.yo'Ar
Underlying St LI Belleville A Carondelet 1st M-zo*
Dlv A Terml-1st Louis Southern 1st Mg.Ba.zo"
nal mortgage.) Carb A Shaw 1st M gold— zc*
Purchased lines 1st M $20,000,000 gold-.Us.xo^&r
Ref M (Nor Lines) *120.000.000 g red..Q.xc*&r*
Collateral trust bonds gold $— ...........Us.zo*&r
Coll trust $25,000,000 gold on LN O & T.Us.zo»Ar
Western lines first mortgage gold.............Us.zo'Ar
Ch St L & N O oons M ($18,000,000) g lnt gu.xo'&r
do
guaranteed principal and Interest----------Joint 1st & Rer M (Southern lines) *120,000,000—
Series A callable 110 after Dec 1 1918--F.y.c*r*
Series B callable at 110 after Dec 1 1918-----------Memphis Dlv 1st M gold guar p A 1 (end).Us.zo*
Litchfield Dlv 1st M g $4.000.000...................... F.xo*
lstLleneqM$30.000.000(less$24.453000oanoeled)Us.x
Equip eq certs ser A g ^400.000 s-a red text------- x
s-a (V 97, p 299).........x
Series B g due *17a
Series O g due S99,000s-a redl02Mbeg 1920 .yc*
Series D due *95.000 each J Sc J; callable 102M &
lnt on or after Jan 1 1921----------------------------- k
Ser Edue *275,000s-a call ’22 102M% gu.CPyc*
OhStL&N O eq tr ser A g gu red 102 M begDec'19
due *250,000 seml-ann______________________ c*
a I n c lu d e s $ 6 .2 6 6 .0 0 0 o o n s o t 5 s p le d g e d
[ V o l . 106.
RAILWAY STOCKS AND BONDS
to secu re
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rale
%
When
Payable
Last Dividend Places Where Interest and
Dividends are Pavable
and Maturity
*100 *109281822 7 in 1917 Q— M Mar 1’ 181M%
J A J Jan 2 19182 %
100 10.000.000
4
2,500.000
4 « A A O Apr 1 1951
£200
1875
1,000
1,000.000
1875
3M g J A D Deo 1 1950
1,000
1.500.000
4 Z J A J Jan 1 1951
706 1888
1,000 2,499,000
1886
3 M Z J A J Jan 1 1951
£500,000
£200
3 g M A S Moh 1 1951
1895
3 MZ A A o Apr 1 1951
1903 *1,000&c 3,000,000
5,266.000
£200
1886
3 M Z J A J July 1 1950
*1,000
2,000.000
111 1898
3 M g J A JiJan 1 1951
F A A Aug 1 1921
1,000
968,000
5
131 1881
4 g J A D Deo 1 1950
1,000 3,000,000
1892
500 See 8,377,000
1 239 11897
3 M g J A J July 1 1951
1,000
4.998,000
3 g J A J July 1 1961
J
U897
470,000
1,000
6 g I A T> June 1 1923
17 1883
638,000
4 g M A S Sept 1 1931
3C 1886
1.000
241.000
1,000
4 g M .V s Moh 1 1932
17 1887
748 1904 1,000 Ao 12.000.000
3 M g J A J July 1 1952
2,187 1908 1,000 Ao 40,740.000
4 g M A N Nov 1 1955
857 1888
500 Ao 15,000,000
4 g A A O Apr 1 1952
798 1892
500 Ao 24.929.000
4 g M A N Nov 1 1953
218 1895
1.000 5,425,000
4 g F A A Aug 1 1951
5 g J & D 15 Juno 15 1951
567 1881
1,000 al6.635.000
1.359.000
567 1897
1,000
3 M g J & D 15 Juno 15 1951
6 g J Sc D Dec 1 1963
600 Sec 29.215.500
1,512 1913
5 g J Sc D Dec 1 1963
1,512 1913
£100 Sec
760,965
4 g J A I) Deo 1 1951
10C 1889
*1 000 3 500.000
500 Ao 23,888.000
64 C 1897
3 M Z r A J July 1 1953
3 g F A A Aug 1 1951
13C 1900 1.000 Ao 5.000.000
3 g J A J Jan 1 1951
1,000 3.235.000
1900
Jan 1 1923
4.000.000
1913
4M g F Sc A Aug 18-Fob ’23
1,000
1,925.000
5 g F A A Aug 18-Aug ’ 23
1913
1,000
1.485.000
.9 8 1915
4M g A & O Apr 18-Apr 25
...
1916
1917
1,000
1,000
1.520.000
5,500.000
4M
5g
32 Nassau St. N V. & Lon
do
do
BaringBros .London .Eng
32 Nassau St., New York
do
do
do
do
Baring Brothers, London
32 Nassau St. New York
Baring Brothers, London
32 Nassau St.. NewYork
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
Baring Bros, Lon & N Y
32 Nassau St.. New York
do
do
do
do
do
do
N Y off or Com Tr. Phlla
N Y office or Un Tr. Pitts
N Y office or Com Tr. Phil
J Sc .TJuly 18-Tan '26 Bankers Trust Co, N Y
M & N M ay’ 18-Nov’27 New York
5 g J & D Juno '18-D ec’24
1.000 3,500.000
1914
Illlno'i sCentr al collate ral trust bo nds o f 1886.
do
do
Collateral Trust bonds of 1952 cover by pledge of *16.350.000 5% 1st M . canceled the coupons duo Dec. 1 1913 and all In 1914, and holders of *2001000 bonds canceled all 1914 coupons. Car trusts Juno 1910. *9,000.
bonds 863 miles of subsidiary lines. V. 55, p. 550; V. 102, p. 1346.
The $25,000,000 collateral trust bonds of 1953 are seoured by pledge of all
LATEST EARNINGS. /1917___ Gross, *641,573; Net(aft. *45,690
the Loulsv. N. O. A Texas (now Yazoo & Mississippi Valley RR.), $16, 11 mos., Jan. 1 to Nov. 30.\1916___ Grass, *642.321;
rents)
118,573
900,000 1st mtge. bonds, except $68,000, all the $9,104,000 mtge. incomes.
REPORT.— For year ending June 30 1916, gross, *698,980; not, after
V. 61, p. 112.
lnt., &c., *117,316: bal.. sur., *15,314. In 1914-15. gross,
Chicago St. Louis A Neio Orleans 5s have their Interest guaranteed (by taxes, *162,248;
net, after taxes, *32.307. Pres., E. K. Bolsot; Soc.. E. M .
endorsement) until the principal Is paid. The 3 Ms of 1897 are guar., prin *527,336;
Tourtolot; Troas., O. A. Bestel, Chicago; V.-Prea., J. W. Walsh; Aud.,
cipal and Interest, by endorsement— see guaranty. V. 65, p. 1071.
The Western Lines loan of 1895, see "Supplement” of Jan. 1899. Total A. F. Williams. Office, 717 Locust St.. St. Louis.— (V. 101, p. 1372.)
auth., *10,000.000. The *2.800,000 Iowa Falls Sc Sioux City First Mtge.
ILLINOIS TUNNEL CO.— See Chic. Utilities Co. above. V.105.P.1522.
7% bonds,due Oct. 1 1917, were paid off at maturity, making the remaining
*4,575.000 Western Lines bonds available for issue. V. 105, p. 715.
INDIAN VALLEY RR. (CAL.).— V. 105, p. 2272.
The St. Louis Division & Terminal bonds are for $15,000,000 authorized,
INDIANA HARBOR BELT RR.— Owns Whiting. Ind., to Blue Island.
51.499.000 are held to retire *1,400.000 underlying bonds. Abstract of
111., 14 miles: McCook to Franklin Park, 111.. 10.5 m.: Argo to Union Stock
mortgage in V. 68, p. 138. See also V. 00, p. 133; V. 71, p.546.
Louisville Division A Terminal mtge. is for $25,000,000: of the bonds Yards, Chicago. 10.6 m.; State lino to Grasseli, Ind., 5.5 m.; branches, 4.8 m;
*1,112,000 were reserved to purchase the 46 m. (Cecilia br.) from Louisville total owned, 45.5 miles; trackage, 63.9 m.; total, 109.4 miles.
Stock outstanding, *5,000,000. or which L. S. & Mich. Sou. (now
& Nashville and to retire the L. & N. bonds thereon. Chicago St. Louis &
New Orleans took title to the Loulsv. Dlv. and Joined In making mtge. See New York Central) and Mich. Cent., which guarantee the bonds, own 60%
and
C. M . & St. P. and C. & Northw., 40% . V. 93, p. 164. V. 105, p. 2183,
V. 66, p. 130, for abstract; also "Supplement” of Jan. 1899. V. 65. p. 367.
Of the bonds (*25,000,000 auth. issue), *2,500,000 aro reserved to retire
510: V. 60. p. 133: V. 67. p. 581; V. 75. p. 671; V. 97. p. 887, 1024.
Ot Purchased Lines 3Ms of 1904 *14,602,000 were Issued on 748 miles of Chic. Ham. & W . 6s; *2,500,000 bonds out boar lnt. at 3% 1912 to July 1917
subsidiary branch lines purchased, of which *2,662,000 were canceled then 4 % . V. 86, p. 108. Due for advances Aug. 31 1917, *5,101,693. RoIn Jan. 1911 and ref. bonds substituted therefor. There are also *5.- port for cal. year 1916 (V. 104, p. 2548) showed: Gross, *4,053,960: net,
338.000
reserved to retire at maturity *968,000 bonds of the Kankakee after taxes, *1,415,104; other incomo, $103,274: lnt., rontals, &c., *1,308,A Southwestern lsts due 1921 (see bond table above) and $4,370,000 bonds 233: bal., sur., $150,145. In 1915, gross. *3,458.052; bal.. def., *69,082.
of the Chicago Madison & North. (231 m.), whloh are pledged for the coll. tr. — (V. 10$, p. 57; V. 104, p. 1591, 1702, 2048; V. 105, p. 2183.)
48 of 1952. (See V. 71. D. 288: V. 79. p. 1273. 1642, 2588; V. 81, p. 1105.)
INDIANAPOLIS UNION RY.— Owns 4.15 miles of yard tracks and
Refunding mtge. gold 4s of 1908 (auth. *120.000,000) aro subject to call at
1.23 ot a mile of road with terminals at Indianapolis. Ind., and leasos
107M and lnt. M . & N. beginning Nov. 1918; V. 104, p. 863; V. 87, p. sidings,
999 years the Belt RR. of Indianapolis— 14.18 m. (whloh see). Clev.
1357. 1420; V. 88, p. 295; V. 92, p. 201, 527, 1630; V. 9 7 . p. 1024; V. 98, p. for
Cincinnati
Chicago & St. Louis, the Pittsburgh Cincinnati Chicago A St.
1459. 1608; V. 99. p. 1300. Cover main line, Chicago terminals, so-called
RR. are virtual proprietors, they having invested in It *1,065,472
purchased lines, Springfield Dlv., the St. Louis Dlv., &c.. a total of 2,187 Louis
Dec. 31 1916. N o stock outstanding. In 1917 elevation of tracks was
m.. subject to bonds aggregating *61,766,000, incl. *2,500.000 Chic. Hava to
In progress.
na Sc West. 5s and Rantoul RR. 5s pledged under 4s of 1952.
In Nov. 1910 suit was brought to compel the Cin. Ind. & West. R R . as
Purposes for which *79,200,000 Ref. Bonds (Nor. Lines) Unissued were Res'v'd. successor
of Cin. Ind. & West. Ry. (foreclosed) to live up to cortatn con
To retire a like amount of prior lien bonds___________________ $59,026,000 tracts made
by the latter company. V. 103, p. 1888: V. 100, p. 1257.
Additional main traok. Improvements, funding debt, Ao_____ 20.234,000
BONDS.— The General and Ref. M . of 1915 will secure not over *10,The Illinois Central and Chic. St. Louis St New Orl. RR. Joint First Re 000,000
50-year
bonds, to bear rates of interest as may be horeafter deter
funding M . bonds (*120,000,000 auth. Issue) are Issuable in series bearing
to be guaranteed Jointly and severally, prin. and lnt.. by the
Interest at not to exceed 5% and are secured on about 1,512 miles of the mined,
above named; a sufficient amount Is reserved to redeem the
Southern lines, including the main line from Cairo, 111., to New Orleans, companies
and remainder for future purposes. The guarantor
La.. Ac., and comprising all the system lines south of the Ohio River except 4Ms o f 1886,
and also the Lako Erie & Western R R ., Cincinnati Indianap
the Chicago Memphis & Oulf RR., the Montlcello Branch (52 m. and 21 m. companies
& Western. Chicago Indianapolis & Louisville Ry. and Illinois Cen
respectively) and the Yazoo & Miss. Vail. RR. V. 97. p. 1822, 1733. 1204; olis
tral R R . have contracted to use the proporty perpetually as their
Y . 98, p. 1459,1608; V. 99, p. 1300; V. 100, p. 397, 474,1852.
main passenger terminal, and to pay oach Its proper aud designated
Purposes for which said *120,000,000 Joint Bonds are Issuable,
proportion of the Interest on present or future values and of any bond
la ) To purchase and Improve railroads, terminal, properties,
issued for additions to or improvements of the proporty. The bonds are re
&c.. covered by this mtge. [*5.000,000 Ser. A and £1,000,000
deemable as a whole or in senes 15 years after date, or any lut. day thereaf
Ser. B, sold In 1913, and remainder in Jan. 1915)--------------- *33,348,100
ter at 103; sink, fund beginning 1920, 1% of outstanding bonds, bonds pur
(6) To refund or retire a like amount of prior mortgages------ 50.132,000 chased to be canceled; Farmers’ Loan Sc Tr. C o.. N. Y ., and Union Trust
(c) For future Improvements, construction, etc-------------------- 36,519,900 Co., Indianapolis, trustees. V. 100, p. 1257. 555; V. 101, p. 1272.
As to authorization of those and other bds. in 1917 see V.104, p.1701,1899.
Year ending June 30 1917, gross, *446,901; total deductions, *270,609;
bal., sur., *176,292.— (V. 103, p. 1888.)
V "Equip- Trusts.— 4Ms of 1913 callable at 102M after Feb. 1 1918. V. 90.
INTERBOROUaH-CONSOLIDATED CORPORATION.— O RGAN I
p. 135; 553. Other issues, V. 102, p. 608, 345. V. 99, p. 1748, 48: V.
ZATION.— A holding company, formed under N . Y . laws June 2 1915 by
„
10lri PDec.571917 filed a ten-year equipment agreement for *5,500,000. plan in V. 100, p. 1437, 1510. 1751. 1917.
Owns *33,912.800 of the *35,000.000 stock of the Interborough Rapid
all (but not part thereof) subject to redemption 6n or after Nov. 1 1922 at
Transit Co. and *15,276,500 of the *17,495.060 stock of the New York Rys.
102M dlv. V. 106, p. 189.
505.95 Miles ot Singt* TracK Owned W Companies Comprising System 1917.
EARNINGS— 11 mos.,/1917 Gross, *79,746,002; Net(aft. *15,206,498 Interborough Rapid Transit Co., subway (see that co. below)_ 85.29 rnllea
Jan. 1 to Nov. 30.
\1916 Gross, 67,036,917; rents)
11,933,734 Elevated (Manhattan Railway, leased)______________________ 129.64 miles
Surplus applicable for dividends for 8 mos. to Aug. 31 1917 was *10,400,- Surface lines owned or controlled by Inter!). Rap. Tran. C o ..141.07 miles
000, being atn an annual rate of 14% on capital stock.
New York Railways Co. and sub. cos. (see "E lec. R y. S o c ."). 154.37 miles
REPORT.— Fiscal year changed to end Dec. 31. Report for 1916 was
STOCK.— The preferred stock Is prof. as to dlvs. and assets. If In any
given in full In V. 104, p. 1892,1905. Status Sept. 27 1917, V. 105, p. 1309. year the full 6% shall not b« paid, tba nrsf.stock shall at the noxt annual
6 Mos. to
6 Mos. to 12 Mos. to 12 Mos. to
meeting be ontltled to double voting rights. V. 100, p. 1437, 1510, 1751.
June 30 ’16. Dec. 31 ’16. Dec. 31 ’10. Dec. 31 ’ 15.
DIVIDENDS.— On pr*f.. 6% p. a. (1M % Q.*J.) July 1915 to Jan. 1918.
Average miles operated.
4,767.tl
4,766.47
4,766.79
4,767-42
Dividend outlook In May 1917. see V. 104. p. 2010. 1055. 559.
Freight revenue............. *23,421,978 *26,015,851 *49,437.830 *42,681,011
BONDS.— The coll, trust 4Ms of 1900 of the Int.-M et. Co. Empire T r.
Passenger rovenue......... 6,563,737
7,659,112 14,222,848 12,661,576
Other revenues............... 4,775,267
5,304,322 10.079.688 8,461,492 C o., N . Y ., trnstes are secured by pledge of stock of Interb. Rapid Transit
o.. *1,000 in bonds for $500 Rapid Transit Co. stock. V. 82, p. 280.
Total oper. revenue..*34,760,982 *38,979,285 *73,740.266 *63,804,079 C
A sinking fund was established in 1910. *300,000 to be appropriated
Net, after taxes.............*7,247,853 *9,511,386 *10,759,239 *11,492,233
out of surplus Income after Interest and taxes to purchase bonds at
Other income................. 7.086,628
5,929.202 13.015,837
7.679,650 yearly
not over par, bonds acquired to be kept alive In the sinking fund. The
Gross Income_______ *14,334,482 *15,440,588 *29,775.070 *19,171,883 fund. It Is estimated, will exceed *40.000.000 by 1950. V. 93. p. 606. To
Interest on funded debt. *2,778,202 *2.768,062 *5,546.260 *5,504.903 Dec. 31 1917 there had been purchased for the sinking fund about *3,251,Rents, &c....................... 3,289,721
3,472,669
6,062,391
6,529,815 000 (face value) of the *67,825,000 outstanding 4 Ms.
Dividends...................... (3)3.278.880(2 M)2732400(5 M)6011280 (5)5.464.800
Tho *2,000,000 loan due Apr. 1 1917 was reduced to *1,250,000 and
Surplus....................... *4,987,077 *6,407.455 *11,455,132
*2,672,365 later to *1,000,000, and is now due July 2 1918. V. 106, p. 395.
REPO RT.— For calendar year 1917, in V. 106, p. 493, showed:
OFFICERS.— Acting Pres., O. M . Kittle; Pres., Chas. H. Markham
1917.
1916.
Cal. Years:
1917.
1916.
(Regional Director under Mr. McAdoo); V.-P. (operation), T. J. Foley; Dlvs.
Oth. int., &c.
*110,307 *164.619
on I. R.
V.-P. (traffic), F. B. Bowes; V.-P. (purchases), C. F. Parker; Sec., D. R.
229,494
128,395
Taxes.............
T. capital
Burbank; Treas., R. E. Connolly. General offices, Chicago, III.; New York
300,000 450,000
stk. (20%).*6,782,560 *6,782,560 Sinking fund.
offico, 32 Nassau St.
Pf.
dlvs.(6%)
2,744,430
2.744,430
Other
incomo173,306
148,797
Directors.— Walther Luttgen, John W . Auchlncloss, William Averell
Harriman, O. H. Markham, Cornelius Vanderbilt, J. Ogden Armour,
Bal., surp .
*519,480 *391,788
Inc..*6,955,866 *0,931,357
Chas. A. Peabody. R. W. Goelet, John G. Shedd, It. S. Lovett, II. W. IntTotal
.onl-Ml Ms*3,052,125 *3,052,125
do Forest, Philip Stockton and, ex-offIdo, Hon. Frank O. Lowden. Gov
Estimate of earnings for year 1919, see V. 105, p. 2365.
ernor of Illinois.— (V. 106, p. 189, 296, 395, 498.)
OFFICERS.— Pres., T . P. Shonts; V.-Ps., II. II. Vrecland. E. Mora
• ILLINOIS SOUTHERN RY.— Owns Salem, 111., to Bismarck, Mo. (in
Davison, D. W. Ross; Sec., II. M . Fisher; Troas., J. H. Campbell. Office,
cludng River Transfer, 60 miles), 123.34 m.; Collins, 111., to Chester. 111., 165 Broadway, N. Y .— (V. 106, p. 395, 493.)
10.67 m.; branches, 2.83 m.; total owned. 136.84 m.; trackage, 2.81 m.
INTER BOROUGH RAPID TRANSIT CO.— (See M ap.)— Incorporated
Stock, com., $4,000,000: 6% cum. pf., $1,000,000: par, $100, all out.
The remainder of the *3,000.000 1st M. bonds Is reserved for additions, May 6 1902 in N. Y ., operates municipal tunnel and elevated lines In N. Y.
&c. V. 93. p. 589: V. 90, p. 107. Holders of *1,528,000 1st M . bonds City; also leases Manhattan (Elevated) Ry., which seo.
F eb ., 1918.]
R A IL W A Y STOCKS A N D BONDS
65
66
R A ILW A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v ia tio n s , & c . , s e e n o te s o n f i r s t p a g e ]
M ile s
R oad
D a te
Bonds
Illinois Southern— 1st M gold $3,000.000.........FC.xc
136 1911
Income bonds $1,380,000 authorized_______ IC.xo*
Illinois T u n n el Co— See Chloago Subway Co.
Indiana D ecatur & W estern— SeeCln Ind &Western
Indiana Harbor Belt— GenM$25,000,000 g Q.xo* Ar»
46 1907
do
do
do
______
1907
Ohio Ham & W first mortgage gold assumed.xo*&r 27*48 1897
Equipment trust certificates $540,000____________
1916
Indiana Illinois & Iowa— See New York Contral RR
Indianapolis & Louisville— See Chloago Indianapolis & Lou Isville
Indianapolis Un— 1st M gold s t not callable__ FP.xo*
93 1886
Gen A Ref M $10,000,000 g gu red text___F.c*Ar*
1915
Interborough C onsolidated C orporation—
Common stock (no par value)____________________
Pref stock (as to assets) 6% non-cumulative______
Int.-M et coll tr bdsg sec by lnt R T s tk s f text.xArc*
1906
Bank loan replacing 10-yr notes (V.103,pl301(Ba.c*
1916
In terborou g h Rapid Transit— Stock $35,000,000— Text
lst A Ref M $300,000,000 g s redJUO (text) Q.yc*&r»
1913
International & Great Northern—
Common stock, see text_______________________
Preferred stock (p & d) non-oum (see text) — .
First mortgage gold_____________________________ z 1.106 1879
Colorado Bridge bonds sinking fund___________ Fz
1880
Receiver’s ctfs extended in 1917 call at 100)4____
T 6-T 7
1st Refunding M $50,000,000 gold red 110.........Cex 1.106 1911
Three-year 5% secured notes redeemable 101 g.Cex
1911
Equipment trust ctfs due $19,000 s-ann_________ x
1908
do g due $50,000 s-a (V 97, p. 521, 729)._Eqx
1913
Receivers equip trust notes $39,000 semi-annually
1916
Par
V a lu e
A m ount
O u ts ta n d in g
R a te
$1,000 $1,936,000
1,000
1.380,000
fig
1.000 &o
500 &o
1,000
1,000
None
100
1.000 &o
1,000
100
1.000 Ac
2,600,000
1.725.000
2.500.000
604,000
%
[ V o l . 106
W h en
P a y a b le
A
M A
June 11951
June 11951
J
3-4 g
4g
6g J
4)4 J
A
&
A
&
L a s t D iv id e n d
an d M a tu rity
First Tr A Sav Bk. Ohio
11957
1 1957
1 1927
1 1931
Grand Cent Term. N Y
do
do
do
do
Comm’l Trust Co, Phlla
May 1 1926
Jan 1 1965
Fidelity Trust Co, Phlla
Farmers’ L & Tr Co, N Y
J July
J July
J Jan
J Jan
765.000
4H g
4.000.
0006 g
P la c e s W h e r e I n te r e s t and
D iv id e n d s a r e P a y a b l e
932.627 shra
45.740.500 See text
Q— J Jan 2 1918,1)4 Treaa office. 165 B’way
do
do
x67.825.000
4 ) 4 g A A O Apr 1 1956
do
do
July 2 1918
1.000. 000
5)
4
Belmont & Co, New York
35.000. 000See text Q— J Jan 2 '18 5%
Treas office. 165 B’way
J A JJ an 1966
160.586.000
5g
100 See text
100 3.400.000
500 Ac 11.290.500
1,000
198.000
1,006 Ac
1.450.000
6
$ £ tr
2.708.000
1,000 11.000.
000 1*
1,000
57,000
««
1,000
600.000
1,000
621,000
A
A
M A N
F A A
F A
Jan 2 1913 4%
Nov 1 1919
May 1 1920
Nov 1 1918
Aug 1 1941
Aug 11914
Apr '18-Oct T8
Aug ’ 18-Aug ’23
July '18-Jan ’26
Equitable Tr Co. N Y
Office. 165 B’ way, N Y
Guaranty Trust Co, N Y
Aug 1914 coup not paid
Aug 1914 coup not paid
Guaranty Trust Co. N Y
Blair A Co. N Y
First Tr A Sav Bk. Chic
x Includes $3,251,000 (face value) held alive In sink! ng fun d Dec. 31 1917.
Length of Road. Total Single Track
Mileage in Operation June 36—
1917.
1916.
1917.
1916.
25.72
85.29
85.29
Original subways, A c..............................25.72
Queensboro subway___________________ 9.18
1.61
24.74
2.86
____
13.80
-----White Plains Road...................................4.49
Jerome Avenue.........................................3.93
____
12.07
____
Seventh Avenue______________________ 0.49
____
0.72
____
Manhattan (Elev. R y.) division.............. 37.67 37.67
129.64
129.64
81.48 65.00
266.26
217.79
Total (system)..................................
Construction, V. 105, p. 993, 998, 2543. Sale o f power, V. 104, p. 2118.
Owns stock of N. Y. & Queens County R y., 73 miles, and (jointly with
Long Island RR.) the N. Y. A L. I. Traction Co. and Long Island Elec. R y.,
total. 68 miles. V. 80. p. 2621; V 83. n. 818; V, 86. D. lin o.
The ’’Outside assets” in Dec. 1917 (V. 106, p. 86) included company’s
Interest in the $6,000,000 surplus of Subway Construction Co. (whose
$6,000,000 stock Is all owned), and passible use o f Interborough Co. s con
duits for municipal light and power system. V. 103, p. 2365.
NEW LINES.— On Mar. 19 1913 an agreement was signed between
the city and this company (V. 94. p. 1507, 1565; V. 96, p. 62, 359, 1701)
and the Brooklyn Rapid Transit Company, providing for expenditures
aggregating about $325,000,000, for the establishment of comprehensive
dual systems of rapid transit serving all boroughs.
The official statement to the N. Y . Stock Exchange, dated June 30 1913.
was published In “ Chronicle" of Aug. 16 1913, pages 450 to 455, giving full
particulars as to new contracts, bonds. A c. See also V. 97, p. 744. 1024.
Lines to be Oper.by Interborough R .T .C o.
Road Track Track Total
[Exclusiveof Manhattan R y. and Sidings)— Miles. Subw. Elev. Track.
Company’s original lines .................................... 25.7
66.1
16.9
73.0
New. to be built jointly by city and company. 48.5
75.6
71.5 147.1
T otal.................................................................- 74.2 131.7
88.4 220.1
It Is expected that during 1918 the Interborough will begin operating
both the 4-track Lexington and 7th Avenue lines, also all o f the Jerome Ave.
branch and a part of the Pelham Bay Park branch of the Lexington Ave.
line; the Eastern Parkway line in Brooklyn and the Nostrand Ave. line in
the same borough; the Webster Ave. extension of the Third Ave. elevated
railroad and the 162d St. extension o f the Ninth Ave. elevated line. See
map on another page. V. 106, p. 296.
The Brooklyn Rapid Transit Co. on Jan. 5 1918 inaugurated the opera
tion o f the Broadway subway between Times Square and Whitehall St.
V. 106, p. 85.
T o cover the company’s requirement under the plan there were sold to
J. P. Morgan A Co., and through them to a syndicate, $160,957,000 new
1st M . 5% 53-year gold bonds. See V. 94, p. 1507, 1565, 1249; V. 96, p.
1228; V. 97, p. 1024; V. 101, p. ,1972; V . 104, p. 764. As to additional
bonds, see “ General Finances.’ ”
Subway Leases, New and Old, to Run 49 Years— Re-Capture.
The lease by the city to the company of the now subways is for 49 years
from Jan. 1 1917, but if their completion should be delayed through no
fault of the company, the beginning of the term will be correspondingly
postponed; subject, however, to the city’s right of re-capture after 10 years.
The leases of the existing subways as modified expire contemporane
ously with the lease o f the now subways, but are not subject to termination
by notice except as portions thereof may be taken over In substitution
for the 7th Ave. branch or the Lexington Ave. branch of tho new sub
ways in order to complete a direct longitudinal line, either upon the East
Side or upon the Weet Side of the city. As to the old contracts. Nos. 1 and
2. see this Section, Issue of Feb. 1913 and V. 96. p. 1701.
The authorizations and licenses for the elevated railway extensions and
additional tracks are for 85 years from the beginning of operation, and are
respectively subject to the right of the city to purchase and take the prop
erty at any time after 10 years upon payment therefor.
Company’s Cumulative Prior Claim on Net Earnings During Life of Lease,
JFrom net earnings, after payment o f rental and taxes annually.]
(1) From net earnings of old and new subways (z) the average
annual profits from the present subway during the two years
ended June 30 1911. $6,335,000: [y) 6% int. and 1% ekg. fd.
on $80,000,000, the agreed amount of company’s investment
in new subways and equipment. $4,800,000______________ $11,135,000
(2) From net earnings present elevated linos and elevated exten
sions and third tracks to be added, (x) Interest and 1%
sinking fund upon the $24,696,050 of new capital for elevated
railway extensions and connections and equipment, and In
terest upon about $3,000,000 for Improvement of Manhattap
power facilities, about $1,734,000; (t/) average receipts of
company from Manhattan lease for two years ended June 30
1911, not less than $1.547.351.................................................- $3,281,351
Total prior claim on net earnings after taxes and rentals____$14,416,351
Add company's miscellaneous income, estimated____________
400,006
Total minimum net Income available for lnt. and sink, fds___ $14,816,351
Interest (5% ) and sink, fund (1%) on tho ontlro $160,957,000
bonds authorized to be Issued to Jan. 1 1917 for construction
and equipment of the new lines (which will add 170% to the
miles of track In Dec. 1915 In operation in the subway and
20% to tha elevated lines) will amo mt t o __________________ $9,657,420
When the new subways and-elevated extensions are completed. It Is
estimated that for the first five years the annual net earnings available for
Interest will average $13,088,000 and for the fifth year $15,490,000. In
terest during construction forms part o f cost of work.
When the profits from the operation of the subway system exceed the
amount of tho company’s annual prior claim, and after all accumulated de
ductlons (with Interest thereon) shall have been made up to the company
the profits then remaining aro to go to the city until the percentage of the
city's return upon its Investment shall equal tho percentage of the return
received by the company; and thereafter excess profits will be divided
equally between tho city and the company. The profits from the elevated
and connections, after all the company’s accumulations shall have
been made up, are to be divided equally between the city and the company.
CONTROL.— In Deo. 1907 $33,912,500 of the $35,000,000 stock had
been exchanged for 200% in 4)4% collateral trust bonds of the Interborough
Metropolitan Co. (which see above), secured by the stock exchanged.
DIVIDENDS.—
1907(0 1910. 1911. 1912. 1913. 1914 to J a n . 1918
Since 1906. — .........% . 9 yearly.
10)4
15
12 20% yrly. (5 QJ.)
BONDS.—The "First and Ref. M tge." of 1913 Is limited to $300,000.000,of which $170,000,000 was underwritten early in 1913.as stated above;
In June 1917 $160,585,000 was outstanding. See full data V. 97, p. 450,
1024; V. 98, p. 304, 611, 1157: V. 99, p. 119; V. 100, p. 2085. Offering,
V. 101, p. 1972; V. 102, p. 437; V. 103, p. 1592, 1888.
The new bonds are since Nov. 1 1913 a first lion on all leasehold and
other rights of the company In (a) the existing subways and elevated lines
(Including power houses, sub-stations, equipment, real estate and other
property of an estimated aggregate value o f about $40,000,000, owned
directly by the Interborough Co..subject to the city’s rights under the lease)
and (5) In the new subway and elevated line extensions and In the author
ized additional tracks on the present elevated lines. The existing subway
lines cost about $66,500,000 (exclusive of the power houses, sub-stations
and equipment above mentioned, which cost about $30,450,000 additional);
the estimated total cost of the now subways Is $123,00(),000; of the equip
ment for the Initial operation of the new subways, $22,O0O.OOO. and of the
elevated line additions and extensions, $27,696,050.
Cum. sink, fund of not less than 1% yearly will begin not later than
July 1918. Bonds may be drawn for sinking fund at 110, or bought In the
market at a lower price. By tho operation of the sinking fund the whole
Issue will be amortized during the torm of the lease
In case the city shall exercise Its right of re-capture of any of the new lines,
after 10 years from commencement of operation, the moneys so payable
will retire all outst'g bonds Issued for constructing and equipping same.
GENERAL FINANCES.— T o June 30 1917 only 18.09 miles of the new
transit facilities were yielding income, (Including the Stoinway tunnel to
Long Island City), along with the third-track on Manhattan Elevated.
See “ New Lines” above.
_
____
In 1916 sold $12,229,000 First A Ref. M . 5s, making $160,585,000
outstanding, and in 1917, there being $160,585,000 of tho bonds out
standing, the company was authorized to Issue a further $16,436,000 on
account o f cost of tnird-tracking the elevated railway In excess of estimates.
In Aug. 1917 was authorized to Issue a further $23,053,000 First A Ref. M .
bonds, chiefly to meet the additional cost o f equipment of now su b w a y
lines over estimate of 1913. V. 104, p. 2452, 2235; V . 105, p. 389, 497, 606.
Official statements as to status in Nov. and Dec. 1917, V. 106, p. 1898,
1998, 2184, 2273, 2365.
REPORT.—Year ending June 30 1917, V . 105, p. 993, 1005. Six
months to Dec. 31 1917, V. 106, p. 499.
(See also Int.Cons.Co.)— S ix M o s . E n d e d . D e c . 31
1917.
1916.
1916-17.
1915-16.
Gross oper. revenue____ $19,669,016 $19,023,024 $39,806,146 $35,891,528
Operating expenses____ 9,200,950
7,801,551 16,583,293 14,008,166
Taxes................................ 1.893,763
1,376,928
2,871,385
2,341,606
$9,844,545 $20,411,468 $19,541,756
Operating income___ $8,574,303
256,744
559.077
580.831
Other income.................
261,002
93,3t6
217,296
178,688
♦Contract No. 3............. 1,181,012
T o ta l.......................... $10,016,317 $10,194,605 $21,187,841 $20,301,275
$2,375,715 $2,380,620
Int. A s. f. on city bonds
3,043.630
3,572.515
Int. on Co. 1st A ref. 5s.
1,604.556
1,627,360
Int.on Manh.Ry.Con.5s 4,382,085
3,873,773
180,453
309,597
Other Interest, A c_____
Guar. dlv. 7% on Man
4,200,000
4,200,000
2,100,000 2,100,000
hattan Ry. stock____
7,000,000
7,000.000
3,500,000
I.R.T.Co.dlvs.(20%p.a.) 3,500,000
Balance, outRiua..--surplus.
$34,232
$720,832
$2,102,654i $1,892,015
ip
i
♦Accruals under the provisions of contract No. 3 and related certificates
which, under the these agreements with the city, are payable from future
earnings.
P a s s e n g e r s C a r r ie d & C r o s s R e v s .[in M i l l i o n s ) .J u n e 30 Y e a r s : 6 Albs. Dec. 31 ’ 17
’05. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. '13. ’ 14. ’ 15. *16. '17 6mos.’ 17
Passengers 339 449 483 514 562 578 607 634 651 647 684 763 375
Gross___ $16 $22 $24 $26 $28 $29 $31 $32 $33 $33 $36 $40 $20
DIRECTORS.— August Belmont (Chairman). W . Leon Pepperman,
Guy E. Tripp, A. D. Juiillard, A. J. Hemphill, Cornelius Vanderbilt. Ed
ward J. Berwlnd. II. M . Fisher, Theodore P. Shouts, F. do O. Sullivan,
Thos. Cochran, Ohas. B. Ludlow, Daniel G. Reid and E. E. Starbard,
New York; T. Do Witt Cuylor, Philadelphia. Pros.. T. P. Shonts; V.-P..
Frank Ilodloy. David VV. Ross; See., II. M. Fisher; Troas., John II. Camp
bell. Office, 165 B’way, N . Y .— i,V. 106. p. 86. 296, 395, 499. 607.)
INTERNATIONAL & QREAT NORTHERN R Y .— (See M a p M i s s o u r i
P a c i f i c .) — Total system July 1917. 1,159 miles, viz.:
L in e s o w n e d —
M ile s .
L in e s o w n e d [c o n c l .)—
M iles .
Long View Jet., Tex., to Houston 232 Maguolla Park Terminal-----------10
Palestine to Laredo...................... 413 Sundry branches....................... — 120
Spring to Ft. Worth, T.Al».Conn.272
J o in t T ra c k a g e—
M ile s .
Houston to East Columbia brch- 50 Galv. Houston A Henderson^ — 49
ORGANIZATION.— Incorporated In Texas on Aug. 10 1911 and
succeeded tho Int. A Great Nor. R R . foreclosed June 13 1911. per plan In
V. 92, p. 1310. The l. A O. N. Holding Corporation was Incorporated In
Virginia In Nov. 1911 with $6,500,000 capital stock, and owns the common
stock of tho railway. See V. 93, p. 1386; V. 95, p. 176.
The cash required by plan ($15,340,000) was raised as follows: (a) by sale
to bankers of $11,000,000 3-year 5% notes due Aug. 1 1914 (prln. and lnt.
on which aro now In default), socured by deposit of $13,750,000 1st ref. M.
bonds, of which $12,150,000 was deposited by tho now co. and $1,600,000
by the syndicate; and (ft) by tho sale to a syndicate of $1,600,000 1st ref.
M. bonds, $3,400,000 pref. stock and $2,500,000 com. stock. V. 92,p,1310.
R e c e iv e r s h ip .— On Aug. 11 1914 James A. Baker, of Houston, and Cecil A.
Lyon (deceased) wero appointed receivers, both tho principal and Interest
of tho $11,000,000 3-year notes being in default. V. 99, D. 467, 406, 342.
s y s tem
o
F e b ., 1 9 1 8 .]
R A IL W A Y STOCKS A N D BONDS
HOBOKEJV Weeh,
http://fraser.stlouisfed.org/
* _________<r
Federal Reserve Bank of St. Louis
roadway
CLAREMON'
parkas
croton^|>
par4
I
^♦ o '2JS!L£>
\ BUFFALO AVE.
INTERBO R O U G H RAPID T R A N S IT
COM PANY
MAP
SHOWING PRESENT SUBWAY AND ELEVATED
LINES, ALSO EXTENSIONS
IN COURSE OF CONSTRUCTION
Subway Shown
Elevated Shown
---------- 5------------------
>
68
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, & c.,see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[Vol. 106
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$100 $30,000,000
In tern ation a l Rys o f C ent Amer— Ordinary shares.
Pref erred stock 5% and partlo see text________
100 10.000,000
Aug 15 ’ 14 IH %
Dividend notes_______________________________
1917
F & A Feb 15 1927
1,250,000
0
Guatemala Central 1st M g ext 15 yrs to 1931-Emz
74 1886
1,000
2,379.000
6 g A & O Apr 1 1931
1,000 3,261.000 2 to 5 .1 & J ■Jan 1 1972
1912
Internat Rys (1st M on 104 miles; 2d on bal.)__ x
___ 1912 £, tr, Ac £1.000.000
M * N May 1 1972
First mtg g red 10214.........................................Etn.z
5g
Stock £1,400,000 4 In 1913
Interoceanlc Ry of Mex— 1st pref stir, 5% non-oum ..
Dec 19 1913 4%
Stook £1.000.000
Second preferred stock 4% (V 87, p 1160) non-cum
Nov 14 19122%
M A S 15 Sept 15 1950
4% debenture stock subj to call at par £1,150,000
4
£1,150,000
Ordinary stock___________________________________
£1,700,000
Debenture stock 7 % “ B” subj to call 120 oum-----£100
£469,459
' l l - ’ 12 Sept 15 1950
7
__
Second debenture stook red at 105 since 1911_____
£100 £1,300,00 i
4)4 M & N 30 Nov 30 1950
Max E deb stook C 150.000 guar red 105 since 1914
—
—
£100
£400.0)0
J A D 15 Jan 1 1984
5
Interstate RR (of Va)— Equip trust ser A due
1913
$37,000 or $38,000 yearly................................. PhP
225.000
5 g J & J Jan 1918 to ’ 23
Equip tr ser B due $75,000 yrly call 101______ PhP
— 1917
750,000
5 g A & O Apr 1 ’ 18 to ’27
Iowa Central—See Minneapolis & St Louis
31 1894
$1,000
Jacksonville Term— 1st M gold e u ----------------Mp.xo*
$500,000
5 g J & J July 1 1939
1st & Gen M gold guar p & 1 (end) $3,500.000-----1917
1,000 2,100,000
J & J July 1 1967
5
Jamestown Franklin & Clearfield— See New York Cent’l RR
1,000
Jefferson— 1st & 2d Ms ext In ’ 87 & ’89 (H’dale Br) . . o
8 1867
300,000 4)4 & 6 J * ,TJuly '27-Jan '29
1,000
37 1889
1st M z ext 1908 red 105 gu p & I____________ FP.o*
2,800,000
5 g A A () Apr 1 1919
1,000
96 1905
724,000
5 g M & S Sept 1 1925
Jonesboro Lake City & Eastern— 1st M Sl,000,OOo -x
1.000
Joplin Union Sta— 1st M gu J'tly red 105 aft 5 yrsxo*
— 1910
650.000
4)4 e M & N May 1 1940
Junction (Philadelphia)— See Pennsylvania RR
1,000
Kanawha B’ ge &T Co— 1st M g redl05 beg’ 16 sf F P.x
1908
485.000
5 ft A A O Apr 11948
100
Kanawha & Mich— Stook $10.000,000.........................
9,000,000 5 In 1917 Quar. Dec31T7 1)4%
1st M $15,000 per mile g guar p & 1_______ Ce.xo*
164 1890
1,000 2,469,000
4 g A & o Apr 1 1990
Second mtge $2,500,000 auth gold red p a r .. Qxo*
1,000 2,500.000
•—. 1907
5 g J & J July 1 1927
__ 1912
Equipment g $60,000 s-ared par (V.94, p. 1695) U n -.x
1,000
540.000
4)4 g J A J July’ 18-July ’22
do
g $60,000 s-a red par (V 99. p 342)_Un
1914
780,000
4)4 g J & J July'18-July '24
Kanawha <fe West Va— First M g see t e x t _____ c*
3£ 1905
1.000
1,477.000
5g
J A J July 1 1955
5
Kanawha & W Va Car trust as of Oct. 1 1 9 l7 ___
100,000
Dec 1 1919
Of the $1,700,000 6% 1-yoar receiver’s certificates, due May 1 1917, and
extended to N ov. 1 1917, $250,000 wore paid at maturity and $1,450,000
were extended one year, callable at 100>4. V. 105. p. 2272; V. 102, p. 1623;
V. 100, p. 1510, 1592.
Protective Committee for Cold Notes.— Alexander J. Hemphill, Chairman)
Wm. O. Cox, Secretary; Guaranty Trust Co., N. Y ., depositary. 90% has
been deposited. V. 99. p. 342, 406, 467, 538, 894. 1300, 1451
STOOK.— Of the com. stock, $1,422,000 had been Issued Juno 30 1917’
the remaining $5,078,000 boing held for exchange for a like amount of con*
ditlonal interim certificates. If issued, under agreement dated N ov. 1911.
D IV ID E N D S .— First dlv. on pref. stock, 1% , Aug. 1 1912 Jan. 2 1913
4 % , making 6% for year ending June 30 1913. V. 95, p. 111.
BONDS.— Of the new 1st Ref. M . 30-yr. 5s ($50,000,000 auth.) ,$12,150,000 have been pledged as security for the 5% notes due Aug. 11914 and $1,
600,000 sold for cash to the syndicate and by It deposited as further security
for said notes (see above). Compare V. 94, p. 350; V. 96, p. 653; V. 99,
p. 269. The secured notes through their collateral cover the entire prop
erty at (Including underlying bonds) about $20,500 per mile. V. 94, p. 350.
The Interest on 1st M . 6s of 1879 was paid when due M ay 1 1917. Liability
for loan of $158,447; V. 104, p. 2118.
Equip, bonds, V. 97, p. 521, 729. Loans and bills payable outstanding
June 30 1917, $1,139,959.
R E PO R T .— Report for year 1917 in V. 106, p. 607.
------ Calendar Years-----— Years end. .June 30—
1917.
1916.
1916.
1915.
Gross earnings.............. $12,588,224 $10,766,945 $11,819,828 $9,420,291
Net, after taxes............ $3,577,367 $2,559,440 $3,254,324 $1,660,408
Other Income.............__ 1,058,815
646,627
891,044
531,142
Office, 17 Batteyr PI, N Y
Office, 17 Battery PI, NY
do
do
EmplreTrCo.NY.Lon, &c
London
do
do
London
See text
See text
Philadelphia
do
Metropolitan Tr. Co. N Y
U S Mtgo & Tr Co, N Y
Fidelity Trust Co, Phila
Erie R R . New York
Merc Trust Co, St Louis
Phil Tr. S Dep & Ins Co
Fidelity Trust Co, Phlla
J. P. Morgan A Co, N Y
Central Trust Co, N Y
J P Morgan & Co, N Y
Union Trust Co, N Y
do
do
Scranton (Pa) Trust Co
Holders o f tho 4% debenture stock and 4)4% second debenture stock
wore to vote M ay 22 1917 on extending the moratorium granted In June
1915 for a further three years from May 29, having regard to the condition
of affairs In Mexico and to the fact that the company’s railway and Its
leased lines aro still In tho hands o f the Government of Mexico. V. 104,
p. 2343; V. 100, p. 229.
D IV ID E N D S on 1st pref., 4)4% 1908 and 1909. 5% 1910 and 1911
5% each (M . & N .). In 1912. N o r ., 5% : 1913, Dec., 4 % . On 2d pref.,
1% 1909; N ov. 1910. 4% ; N ov. 1911. 4% : N ov. 1912, 2% ; 1913. none.
R E PO RT.— For 1912-13 In V. 97, p. 1895. V. 100. p. 55.
Av. Miles.
Gross.
Net.
Net in £.
1913-14................. 820 (Mex.)$9,147,842 (Mex.)$2,735,572 £176,903
1912-13.................1.031 (M ex.)9,121,389
(Mex.)3,255,362 322.720
N . Y . office, 25 Broad St.— (V. 104, p. 2343.)
INTERSTATE R R . (OF V A .).— Operates about 64 miles o f track In
Southwestern Virginia, of which part Is owned, extending from Stonega
via Norton to Glamorgan, &c. In March 1917 had no funded debt, other
than equipment trust certificates, which are being retired annually. The
lines have direct connection with the Southern R y., Louisville & Nashville
R R ., Norfolk & Western Ry. and the Carolina Ollnchfield & Ohio Ry.
systems. Tho prompt payment of the rentals specified In tho equipment
trust agreements of 1913 and 1917 (V. 95, p. 1608: V. 104, p. 1045) Is guar
anteed by the Virginia Coal & Iron Co. (V. 91, p. 1636), which owns 99%
of the capital stock. Gross (year ending Juno 30 1917), $413,806; not,
$110,345; other Income, $115,245; lnt., taxes, rents, Ac., $119,223; dlvs.
(3 )4 % ), $91,758: surp., $14,609. Pres, of RR ., Harry L. Mlllor, Big Stone
Gap, Va.; Sec.-Treas., Harrio B. Price, Land Title Bldg., Phlla.— (V. 95.
p. 1608; V. 104, p. 1045.)
IOWA & SOUTHWESTERN R R .— See V. 105. p. 1998.
Gross Income...............$4,636,182 $3,206,067 $4,145,368 $2,191,550
TERMINAL RY.— Owns union passenger depots,
Rents, &c........._............ 1,381,711
1,139,136
1,291,081
1,032,641 6 JACKSONVILLE
locomotives, Ac.. at Jacksonville. Fla., inoludlng 31.16 miles of track
Interest deductions____ 1,557,332
1,502,891
1,531,681
1,451,980 used
by Atl. Coast Line R R ., Seaboard Air Line, Florida East Coast
Ry.. Southern R y. and Georgia Sou. A Florida Ry., which own entire
Balance------- -------- sr.$1,697,139 sr .$564,040sr.$l ,322,606 df .$293,070
($375,200). Plans for now passenger terminal, to cost about S2.000,a Includes the $685,883 Interest in default, on the 3-year gold notes and stock
000, wore accepted In Aug. 1916. The Atl. Coast Line, Seaboard Air Line
First Ref. Mtgo. bonds.
Fla. East Coast each guarantee \i and the Southern Ry. and Ga. So. A
Directors.— Frank J. Gould (Chairman) and Klngdon Gould, New York; and
Fla. each 14 o f the lnt. under the rentals and raeot expenses on wheolage
R . Lancaster Williams, Baltimore; Thomas J. Freeman, New Orleans; basis,
the Atl. Coast Line, Seaboard Air Lino and Fla. East Coast R y . guar
Fred. W . Cook, San Antonio; A. G. Whittington, Jesse II. Jones, Walter anteeing
by endorsement the prln. and lnt. of the 1st Mtge. bonds and also
Kyle Morrow and A. R. Howard, Houston. Pres., Thos. J. Freeman;
bonds of 1917 bolow described. Loans and bills payable outstanding
1st V .-P ., O. n . Taylor; 2d V .-P ., A. G. Whittington; Sec.. A. R. Howard. tho
Dec. 31 1917, $352,349.
Office, Houston, Tex.— (V. 104, p. 2272; V. 106, p. 607.)
Tho 1st & Gen. M tge., dated Jan. 1 1917, authorizes the Issuance of
INTERNATIONAL RAILW AYS OF CENTRAL AM ERICA.— Owns 33,500,000 of bonds, $509,000 to be used to retire the 1st mtgo. bonds,
536 miles of 3-ft. gauge railway; main line and branches.
balance for construction of new stations, Ac. $100,000 1st mtgo. bonds
Incorporated In New Jersey June 8 1904 as Guatemala R y., name being retired during year and similar units of 1st A Gen. Mtgo. bonds Issued In
changed In April 1912 and Guatemala Central R R . (V. 79, p. 902, 903) place thereof. $2,000,000 of the new bonds also were sold during year and
taken over. Has long concessions, that In Guatemala giving the Govern $500,000 aro held by the trusteos. $2,600,000 total Issue to Dec. 31 1917.
ment the right, after Jan. 2003. to purchase the lines at an arbitrated price. As to guaranty, see above.
Under the 99-year concession In Salvador, the railways in 2007 are to be
JAMESTOWN FRANKLIN & CLEARFIELD R R .— Bee N . Y . O. R R .
come the property of the Govt, without indemnity, with the right to pur
JAMESTOWN W ESTFIELD & NORTHWESTERN R R .— V. 105, p.
chase after June 1978 at a price to be fixed by arbitration. Subsidy In
1802.
Guatemala on some lines $7,320 per kilometer; on other lines, $3,200 per k.
In Salvador, $7,000 gold per kilometer, payable monthly from certain Im
JEFFERSON RR.— Owns Lanesboro, Pa., to Carbondale, Pa.. 37 mllos
port and export duties.
louble track; branch, West Hawley, Pa., to Honesdale, Pa.. 8 miles. Leased
Stock authorized, as Increased from $7,500,000 In April 1912, $30,000,000 in perpetuity for $154,940 per annum to Erie RR ., owner of ($2,095,
common and $10,000,000 5% pref.; par $100. Pref. Is entitled to share 700) stock. Used by D .& H .to reach Carbondale.— (V .87. p. 1479.)
equally In all dividends paid In any year after 5% has been paid on both
JONESBORO LAKE C IT Y & EASTERN RR.— See pago 212.
stocks. V. 95, p.544. First quar. dlv. on pref., 1)4 % . paid Aug. 15 1912:
JOPLIN UNION DEPOT CO.— Owns union freight and passenger station
N ov. 15, 1)4% : 1913, 5% ; 1914, Feb., May & Aug. 15. 1 H % . On Feb. 15
1917 provision was made for the payment of all dividends due to that date on 26 acres at Joplin. Mo., completed In 1911, used by the AtohlsonTopeka
A Santa Fe, Kansas City Southern, Missouri Kansas & Texas and Missouri
In tho form of ($1,250,000) dividend notes, duo Feb. 15 1927, bearing 6%
Interest, payable F. & A. 15.
& North Arkansas, which Jointly own the $40,000 stock and Jointly
BONDS.—For 60-year gold 5s of 1912 (£4,500,000 auth. issue, which and severally guarantee the bonds, prln. and lnt. Of the bonds ($769,o90
auth.), $650,000 sold. Total stook auth., $750.000.— (V. 90. p. 502, 627.)
may be Increased to £6.000.000) see V. 94, p. 1449: V. 96, p. 1488.
The $3,500,000 bonds Issued by the International Rys. covering all lines
KANAWHA BRIDGE & TERMINAL CO.— Owns bridge aoross the Great
as a second Hen boro Interest at 2% the first year, 3% the 2d year. 4% the Kanawha River near Charleston, W. Va., used tor railway, street railway
3d year and 5% thereafter; $239,000 purchased and in treas. Dec. 31 1910.
and general traffic. Stock, $400,000, owned by Ches. A Ohio, which op
The $2,500,000 Guatemala Central 1st M . 6s duo Oct. 1 1916 were ex erates property. Bonds, see table and V. 91, p. 1029. Year 1915-10,
tended till 1931; $121,000 purch. and in treas. Dec. 31 1910.
gross, $46,629; not Inc., $40,745; lnt. A taxes, $30,574; bal., $10,171.
R E PO RT.— Report for cal. year 1916 In V. 104, p.2446, showed: Gross,
KANAWHA & MICHIGAN RY.— (See Map Toledo A
Central.)—
$2,575,619; net, after taxes, $1,378,101; other Income, $40,811; lnt., dis Owns
Corning, O., to Gauley on Ches. A Ohio, 176 miles, les 18 miles.
counts, &c., $587,700; bal., sur., $831,213.
Pomeroy to Galllpolls, and 1 mile, Athens to Armltage, where Hooking
OFFICERS.— Minor O. Keith, New York, President. Pres. Northern Valley Ry. tracks are used. Also owns branch of 11 miles loased to ZanosRys. Co. o f Costa Rica, Vlce-Pres. United Fruit Co.; Henry M . Keith, ville & Western Ry. Gawkey A Eastern Ry. (a subsidiary) was building
N . Y ., Vlce-Pres.; Edward S. Hyde, Sec. & Treas.; H. n . Hanson, Compt. in Oct. 1917, 5)4 miles to Belva. V. 105, p. 1522.
N . Y . orfice, 17 Battery Place.— (V. 100, p. 2082, 2163; V. 104, p. 2440.)
In Aug. 1916 purchased $1,305,300 of the $1,359,600 capital stock and
INTEROCEANIC RY. OF MEXICO. LTD.— Vera Cruz to Mexloo City- In Oct. 1916 had agrood to assume the $1,477,000 bonds anti tho $119,000
Hex.. 338 miles; Los Reyes to Puente de Ixtla, 123 miles; Los Aroos to Car Tr. Otfs. of Kanawha A W. Va. RR., a line extending from Charleston,
Cuautla, 102 m.; 3 branches, 30 m.; Mexican Eastern R y. (V. 73, p. 1263) W . Va., to Blakely, 33 m ., with branch 4 m. V. 103, p. 844; V. l94, p.2005.
124 miles; leases Mex. Southern R y., 313 miles (see below); total, 1,031 m.
HISTORY Ao.— Reorg. In April 1890 of K. & O. Ry. foreclosed (see
Concessions end Feb. 1982, after whloh road passes to State at a valuation. V. 60, p. 451,483). T ole d o * Ohio Central Ry. (V. 100, p. 1251) acquired
On Jan. 1 1910 took over under lease the Mexican Southern from in 1915 $8,947,800 of the $9,000,000 capital stock. V. 105, p. 818, 998;
Jan. 1910 for the term of Its concessions. Nat. Rys. of Mex. will assume V. 99, p. 1052: V. 98, p. 912, 1537; V. 96. p. 63.
lease from Feb. 13 1982. V. 89. p. 225, 286, 1223, 1542.
DIVIDEN DS—
1911. 1912. 1913.
1914 to Dec. 1917.)
Nat. Rys. of Mexico (whloh see) owns £1,038.450 of the 2d debentures,
5
6
5 p. a .(1)4 % Q.-M .
£1,310,500 ordinary and £244.800 pref. stock. About Aug. 15 1914 the P ercen t.......................................6)4
EARNING S.— 11 mos., (1917..Gross, $3,306,441; Net(aft. $1,379,549
Mex. Govt, took possession of the road and leased lines. V. 100, p. 55.
Jan. 1 to Nov. 30.
\l916..Gross, 3,264,293; rents)
1.377,254
■ See Nat. Rys. of Moxlco.
In June 1917 property was still operated by Mexican Government.
REPORT.— Roport for year ending Doc. 31 1916, soo V. 104, p. 2005*
Gross.
Net.
Other Inc. Int., Ac. Dios.I5% ) Balance•
SECURITIES.— The deben. stockholders In 1914 approved a plan (V.99, Year—
$552,050 $335,543 $450,000 $747,365
p. 48, 674)- under which (1) the Installments or Interest payable on 1916--------$3,527,861 $980,859
225,242 351,842 450,000
355,077
the 4% deb. stock Sept. 15 1914 and March 15 1915 and on the 4)4% 2d 1915-------- 3,139,104 931,077
Pres., A. II. Smith.— (V. 104. p. 2005; V. 105. p. 818, 1522; V.100,p.001.
deb. stock May 30 and N ov. 30 1914 wero paid In 5% deferred warrants;
(2) the Installments of rent payable under lease, (a) to Mexican Eastern Ry,
KANSAS CITY CLINTON & SPRINGFIELD RY.— Owns from Olathei
on Juno 7 and Dec. 7 1914, and (6) to Mexican Southern Ry. June 30, Kan., to Ash Grove, Mo., 154 mllee; Raymore Jot. to Pleasant Hill, M o..
July 28 and Doc. 31 1914 and Jan. 28 and Apr. 27 1915 were satisfied by
8 ra.; total, 162 miles. Stook, $1,775,400. Bonds were guar, by the Kan,
5% certfs. o f Indebtedness. V. 101. p. 130.
C ity Ft. Scott & Mem. R R . (old co .). In Dec. 1916 tho past duo coupons
Feb., 1918.]
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
IFor abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Kansas City Belt—See Kan City Terminal Ry
Kansas City Clinton & Spring— 1st M g guar_NB.xo
102 1885
31,000 $3,274,000
Kansas City C o n n e ctin g — 1st M auth (? )_ ______
1916
See text
Kansas City Fort Scott & Memphis Ry—
Ref M $60,000,000 gold guar p & 1 end.Ba.xo&r 1,085 1901 1.000 Ao 25.835.000
Kansas & Missouri RR flr«t mortgage___________ xo
26 1882
390.000
1,000
Kansas City Ft Scott & Memphis RR cons MNB.xo*
715 1888
1,000 13.736.000
Current River RR 1st M $20,000 p m guar.-.N B x
82 1887
1,606,000
1,000
Kans Cy & M Ry A Bdge 1st M g s f drawn at llOxo*
3 1889
1,000 b3.000,000
Kans Cy Mem A Blrm gen M $4,500,000 our.-OB.xo
285 1894
600 Ac 3.323.390
Income non-oumulatlve__________________ OB.xo
285 1894
293,780
500 Ao
do
stamped fixed Interest redeemable text-x
285 1894
600 Ao 6,629.500
Blrm Belt 1st M gold red 102 Hi guar p & 1 end.OBx
39 1902
1,000 1.000,000
Kan City & Memphis— Ark Okl & W 1st M g-Usnix
30 1907
300.000
1,000
K C 4 M mtge g $18,000 p m red 107 H sf-.M St.xo*
56 1911
608.000
1.000
K C Memphis Ry & Bridge Co— See Fort Scott A Mem phis
Kansas •City Mexico & O rient— Stock see text____
100 20.000,000
Two-year gold notes $6,000,000 red par______Col.c
1914
6.640.200
b Includes $406,000 held alive In sinking funds
Rate
%
69
When
Payable
A
A
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
O Oot 1 1925
Jan 1 1948
4g
5
6
6
68
4
6
6
48
6g
5g
A A O Oot
F & A Aug
M & N May
A & O Oot
A & O Oot
M A S Moh
Sept. Mch
M & S Moh
A A O Oot
J A J Jan
M A N May
6 g
A A O 30 Apr 301916
1 1936
1 1922
1 1928
1 1927
1 1929
1 1934
1 1934
1 1934
1 1922
1 1947
1 1961
April 1915 coup not paid
Bankers Trust Co, N Y
Old Colony Tr Co, Boston
Bank Trust, N Y ; & Boat
Old Colony Tr Co, Boston
Ba’ik Tr Co. N Y; A Boat
Old Colony Trust Co
do
do
do
do
Bankers Trust Co
July 1915 coup not paid
Nov 1914 coup not paid
Prin. over-due. See text.
ror 1915 and 1916 wore paid In full. See K. O. Ft. Scott & Memphis R y. company to be deposited with It as security for balance o f purchaseprlce.
below. Year end. Juno 30 1916. gross, $349,940; not, $22,931; other In Order restraining such action has been asked. In April 1917 W. T . Kemp
come, $3,799; lnt. on bonds. $163,700; taxes, $22,000; bal., dof., $162,237. er, of Kansas City, was appointed receiver. V. 104, p. 1591; V . 103. d .
— (V. 106. p. 901. 1348. 2340.)
1508, 1301; V. 99, p. 119; V. 98, p. 1920.
Committee for First M . 4s (old Co.)— Lord Monson (Chairman); Harry
KANSAS C IT Y CONNECTING R R — On Dec. 20 1915 the M o. R R .
Commission authorized thLs new company to Issue prior to Jan. 1 1917 Hoffman, 37 Wall St., Sec.; Columbia Trust C o., N .Y ., and Glyn,
Mills, Currie & C o., London, depositaries. Of the $21,409,000 In the
$1,000,000 cap. stock and $1,000,000 1st M . 5s.
KANSAS C ITY FORT SCOTT & MEMPHIS R Y .— Operates Kansas hands of the public, $19,545,000 had been deposited In June 1914. Chas.
City, M o., to Memphis, Tenn.. and branches, 922 miles. Also has a H. Jones & C o.. 20 Broad St., N. Y ., are fiscal assistants to the committee
In tho U.S. V. 94. p. 767, 911,1566: V .9 7 ,p . 443; V. 98. p. 763.1244,1767.
controlling Interest In stock o f the Kansas City Memphis & Blrm RR
Committee for 2-year 6% Cold Notes.— Tho following committee was
owning line from Memphis, Tenn., to Birmingham, Ala., with branch 293
miles, and of Kansas City A Memphis Ry. A Bridge Co., owning bridge formed in 1916 to prepare a plan In which bondholders a* well as noteholders
across Mississippi River at Memphis, 3 miles. Total, 1,215 miles
may participate, and In Juno 1916, a majority of the notes having been
In Doc. 1916 the reorganization o f the St. Louis & San Francisco R R deposited, asked the Central Trust C o., as trustee, to enforce the right of
having boon successfully accomplished, tho past duo coupons for the vears the noteholders: Chairman James N . Wallace and Harry Bronner, New
1915 and 1916 wore paid on the K. O. Clinton & Springfield 1st M ^Ss York City; Jozach Z. Miller, Kansas City; Henry Sanderson, of O. D.
and tho K. O. Memphis & Birmingham Assontlng Income 5s those being Barney & C o., of New York; William J. Gray, Detroit: Herbert F. Hall
the only bonds o f the K. O. Ft. S. & M . system defaulted. V. 103 p 2340* P. W . Goebel, W. S. McLucas and Clifford Hlsted of Kansas City, and
ORGANIZATION.— V. 72. p. 1237. See V. 72. p. 438. 632, 675 988* O. M . Sigler. 54 Wall St., N. Y . City, Sec’y. Central Trust C o., N. Y .,
The St.L. & San Fran. R R . owned the entire stock and leased the roadViin?! and Commerce Trust C o., Kansas City, M o., depositaries. The Interest
due Apr. 30 1917 on these $5,640,200 notes of 1914, maturing April 30 1916,
anteelng the bonds of 1901, prin. and lnt., and 4% on pref. stock trust'oerti
The reorganization by which the St. Louls-San Francisco R y Co was was paid when due at the Columbia Trust Co., N. Y ., but the principal
formed (V. 102, p. 896) left undisturbed tho lease and outstanding bonto due on April 30 remains unapid. V. 102, p. 1436, 1896, 2166.
P lanofD ec.8 1915 failed of adoption. V. 101, p .2144; V. 102, p. 153, 713.
of this system. Provisions In the now Frisco mortgages allow that comnanv
to make Improvements, extensions, &c., on tho Kansas City Fort Scott
EARN ING S.— 11 m os.,f 1917.-Gross, $2,294,993; net (aft. def.$52,634
Jan. 1 to Nov. 30.
\l916--Gross, 2,369,180; rents) sur. 78,027
& Memphis Railway system and buy equipment and deal with obliga
tions of tho systoin, and for those purposes to Issue and renew bonds un
Annual report, Ac., V. 101, p. 1711, 1668, 1886; Y. 102, p. 153.
der any existing mortgage of this system, and to Issue now bonds of thLs
Years
ending
June
30—
1915.
1914.
Increase. Per Cent.
company, or of the new Frisco Company, secured on this system or anv Total gross earnings------------- $2,449,599
$1,903,157 $546,442
28.71
art thoreof, In priority to tho existing lease o f this system and to anv Earnings per mile___________
3,324
2.582
742 28.71
on o f the now Frisco mortgages on this system, but tho aggregate nrlor
The net oamings for year 1914-16, it is stated, would have been $402,000.
mtge. debt on this system must not at any time exceed $75,000^000/ y
had It not been for extraordinary Improvements which reduced them to
STOCK.— Common, authorized, $45,000,000; outstanding $16 666 666 $90,773. comparing, however, with a deficit of $364,953 In year 1913-14.
all owned by St. Louls-San Francisco R y. and pledged under its^mortgage
OFFICERS.— Receiver. Wm. T . Kemper; Chairman of Board, Herbert
o f 1916 along with $7,756,700 o f the pref. stock. T h r r e m a in d T o f
F. Hall; V.-Presidents, A. Do BernardI, Clifford Hlsted and II. S. Garret;
$15,000,000 pref. shares (par $ 100) is deposited in escrow and against
Treas., Townley Culbertson; Aud., Neal S. Doran. Directors, V. 101. p.
ft are outstanding trust certificates o f the old St. L. & San F R U
Lha 1711. Office, 10th St. and Baltimore Ave., Kansas City, M o.— (V. 104,
latter having reserved the option to retire tho certificates at any time at par
p . 1591; V. 105, p. 818, 2184.)
nnrl nhUffat.ing Itself tO Day Off thO Whole Issue In 96
KANSAS C IT Y OUTER BELT & ELECTRIC R R .— Incorp. July 18
1902 In Kansas to construct a double-track belt lino connecting all line*
Frisco roorgauieeuivu
yi
, i o o , < w or the trust certifi
entering Kansas City, Kan., and Kansas City, M o., 8 miles; uncompleted
cates (original Issuo $15,000,000) surrendered tho same in oxchange for in 1918. V. 75. p. 184; V. 76. p. 331; V. 80, p. 871. On Oct. 31 1912
75% in the Prior Lien Series A 4% bonds and 25% In the Cum. Adjust
Thomas A . Bigger was appointed receiver. In Nov. 1912 $75,000 receiver’s
6% bonds of tho now St. Louls-San Francisco Ily. (See V. 103 p 897 ) ' certificates
were authorized, of which $50,000 were Issued.
Bondholders’ committee John W . Platten. Chairman: Calvert Brewer,
BONDS.— Of the Ref. bonds of 1901 ($60,000,000), $25,835 o’oOwero out
standing Fob. 1918, $106,000 were In treasury, $26,324,270 wererraerved Sec.; U. S. M tge. A Trust Co., depositary. V. 102, p. 713; V. 103, p. 2340.
for exchange against the face amount of underlying bonds and remaining
In June 19l7 the committee withdrew its plan and agreement dated
Doc. 31 1915 and was refunding all subscriptions. V. 104, p. 2641.
$7,734,730, as well as any bonds not used or required for refunding purposes
are reserved for issue for additional lines and extensions, at not exceeding
KANSAS CITY SHREVEPORT & OULF TERMINAL CO.— Owns union
$22,500 per mile thereof. As to guaranty, see “ organization " above
depot at Shreveport, La , Including 1.16 miles of yard and terminal track.
v. 76, p. 853. See V. 87, p. 414; V. 91, p. 38, 154; V. 92, p. 1311* V 93 Stock, $150,000, all owned by Kansas City Southern Ry. Bonds, Pioneer
P. 45; V. 94. p. 279.
y
v * J Trust Co., Kansas City, trustee. Office. Kan. City, Mo.
KANSAS CITY SOUTHERN R Y .— (See M ap.)— Operates a line extend
ing from Kansas City, Mo., to Port Arthur. Tex., thence by Its shin canal:
7 m., to deep water on Gulf of Mexico, with branches and extensive term
v ; i k V t t m v : 98
102^ p? 800°- M ° " ' Ey- *
inals used by various roads entering Kansas City. Total mileage 841, viz.
Lines Owned—
Miles.
Lines Owned—
Miles,
Birmingham Belt bonds are guaranteed, principal and interest, Jointly by
Kansas City Memphis & Blrm. and St. L. & San Fran. V. 75, p . 1147 y Kansas City, Mo., to Belt June.- 12 Branches to Fort Smith, De
Grand View, Mo., to Port Ar
Quincy, La., etc____________ 48
EARNINGS.— For year ending Juno 30 1916, gross, $13,618 298- net
thur, Texas____________ _____ 765 Trackage— To Gr View Mo etc 18
$4,041,987; othor Income, $-142,979: fixed charges, $3,719,374; prof.’ divs.
Also owns entire $650,000 each of stock and bonds of Arkansas Western
(4%), $600,000; bal., sur., $165,410. In 1914-15, gross, $12,780,120‘ R y.,
Waldron to Heavener, Ark., 32 miles, operated separately; also con
net, $3,861.612.— V. 103. p. 2340.)
’ , 4 ,' ou' u u '
trols K. C. Shreve. A Gulf Terminal Co. V. 83, p. 38. 492.
KANSAS CITY f t MEMPHIS RY.— Rogers to Slloam Springs, Ark.. 30
ORGANIZATION.— A reorganization of Kan. C Pitts. & Gulf R R ., fore
miles; Freeman to Monte Ne, 6 m.; Cave Spring to Fayetteville, Ark.. 20
m., total, 66 mllos. Absorbed the Ark. Okla. & West. RR. and fvlonte Ne closed In 1900 per plan in V. 69, p. 1012, 1062. V. 73, p. 1356; V. 74. p. 94.
80, p. 1971; V. 81. p. 659; V. 84. p. 1366; V. 88. p. 375.
lly. In April 1911. V. 92, p. 881, 1109; V. 94. p. 207. $100,000 receiver’s V. On
Fob. 21 1916 the U. S. Supreme Court held the company liable to the
certificates have been author zed, of which $80,000 (6% 3-yoar/ dated Guardian
Trust Co. of Kansas City, as trustee for $821,623 and interest
•fan. 1 1916), Issued to May 31 1916. V. 102, p. 800. Receivers wore ap on loans made
by predecessor cos. In 1899 and 1900. Settlement madeirom
pointed in July 1914. They are now J. E. Felker of Rogers. Ark., and
It. O. Bright of Little Rock. Ihe interest1on $300, (((bonds duo July 1 surplus earnings. V . 102, p. 976. Valuation in 1916. V. 104, p. 73. 462.
SECURITIES.—
As to the $21,000,000 “ Ref. and Im p ." bonds of 1909,
1914 is In default; floating debt was about $90,000. V.
269 538
see V. 88, P. 1128. 1253, 1437: V. 89, p. 104; V. 90, p. 167; V. 92, p. 322.
Loans and bills payable Oct. 1 1917, $82,000.
395, 461,795; V. 95, p. 1472; V. 100, p. 1832: V. 101. p. 2144. Decision on
Committee for Ark. Okla. A West. 1st 6s.— ]Francis X . Quinn, Chairman: Kansas City Suburban Belt Ry. notes. V. 97, p. 1663; V. 98, p. 1469.
Byron A. Milner, Secretary; Real Estate Trust Co., Phlla., depositary
DIV ID E N D S.— First dlv. on pref. stock, 4 % , paid July 1 1907 out of
Nearly all tho bonds deposited. V. 99, p. 467, 816.
* earns, for 1906-07: Oct., 1%; 1908 to Jan. 1918. 4% (Q.-J.).
Committee for 5s of 1911. See F. J. Llsman & Co., N. Y . See V 92
LATEST EARNINGS.— 11917-Gross, $13,547,487; net (aft. $5,341,951
p. 881. 1109; V. 102, p. 800.
* 1 12 mos., Jan. 1 to Dec. 31U916-Gross, 11.289,324; taxes) 4,506,624
EARNINGS.— Year ending Juno 30 1916, gross, $81,081; net, $3,126:
R E PO RT.— For fiscal year ending Dec. 31 1916 (V. 104. p. 1793,1811):
other income, $15; lnt., taxes, Ac.. $22,643; bal., dof., $19,502.
*
0
— Years ending Dec. 31------- Years ending June 30—
N . Y . office, 30 Broad St.— V. 99, p. 816, 969; V. 102?p. 800.
m .
,
1916.
1915.
1915.
1914.
Total
gross
receipts----$11,289,324
$10,076,170 $10,035,896 $10,970,403
0THE) KANSAS CITY MEXICO & ORIENT R R .— Road Mileage
6,205.956
6.478,821 6,910,321
— The road when completed will extend from Kansas City, Mo., to T odoIoZ Operating expenses------ 6,782,700
bampo. Mex., 1,659 miles, with a cut-off from San Angelo? Tex., to Del R o
Not earnings................. $4,506,624
$3,870,214 $3,557,075 $4,060,081
Mex., 160 miles, connecting there, as well as at Chihuahua, Mex. with Total
net income...........$4,798,195
$4,147,010 $3,727,994 $4,257,496
Mexican lines for Mexico City. In oper. June 30 1916, 964.07 miles, vis • Taxos...............................
$584,959
$566,995
$574,316
$567,857
Owned iincl. K . O. M . A O. Ry. of Texas. 478 m.. Securities Owned), Miles'. Interest on bonds, A c . . .
1,831,080 1,765,445
1.756,590 1.765.743
Wichita, Kan., to Alpine, Tex. (exoept trackage st. Louis A San
Miscellaneous-------------359.515
438,807
256,657
198,447
Francisco RR., Foley to Ewing, Okla., 12.73 miles
7^7 07 Dlv. on prof, stock (4%)
840.000
840.000
840.000
840,000
Marquez, Mex., to Tobalaopa...............................................1................. 8H 77
Mlnaca to Sanchez. Mex. (74.28 m.); El Fucrte to TopolobanmoZ
Balance, surplus.........$1,182,642
$535,764
$300,431
$885,449
62.23 miles)_____
______________ ____
nn Ki
DIRECTO RS.— Chairman L. F. Loreo, Pres. J. A. Edison, Kansas City,
Moohis. Mex., to Mochls Junction, Mex.................
23)2
o.: Hermann Sielcken, J. A. Blair, W . T. Rosen, Andrew J. Miller,
. G. Street. W. II. Williams, Arthur Turnbull, Samuel McRoberts, B. S,
So,d under foreclosure July 6 1914, butln Oct 191ft
only $3,000,000 of the purchase price ($6,001,000) had been paid and the Guinness and Joseph F. Stillman, of N. Y .; John J. Mitchell, of Chicago;
Court to avoid a now receivership ordered $24,000,000 bonds of tho original 8. W . Fordyce, of St. Louis; Edward F. Swlnney, Kansas City, M o .
G. O. Hand is V .-P .— Sec. Office 25 Broad St., N . Y .— (V. 106, p. 607.
R
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RAILWAY STOCKS AND BONDS
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Feb., 1918. j
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, A c.. see notes on first page]
Miles Dale
Road Bonds
K a n s a s C it y O u te r B e lt & E le c — S t o c k (h a lf 4 % p r e f)
1 s t M $ 3 , 0 0 0 , 0 0 0 g ............... ............................................................
a n s a s C it y & P a c if i c — S e e M is s o u r i K a n s a s & T e x a s
a n s a s C it y St J o s e p h & C o u n c il B lu ffs — S e e C h ic a g o
a n s a s C i t y S h r e v e p A Q u it T e r m — 1 s t M r e d 1 0 5 . . z
a n s a s C ity S o u th e r n — C o m m o n s t o c k $ 3 0 ,0 0 0 ,0 0 0 -P r c f c r r e d s t o c k 4 % n o n - c u m $ 2 1 , 0 0 0 , 0 0 0 . . ..............F i r s t m o r t g a g e $ 3 0 , 0 0 0 , 0 0 0 g o l d ..........................B a . x c & r
R e f a n d I m p t M $ 2 1 ,0 0 0 ,0 0 0 g o ld r e d 1 0 5 . x c * A r .N
E q u ip n o te s g ser D d u e $ 6 2 ,0 0 0 s -a r e d p a r . - N x
Kansas C i t y T e r m R y — S t o c k a u t h $ 5 0 , 0 0 0 , 0 0 0 -------1st M r e d s a a w h o le o n o r a f t J a n 1 9 3 0 a t 1 0 5 & i n t . x
S e c u r e d n o t e s $ 5 , 0 0 0 , 0 0 0 r o d 1 0 1 ________I C . x c
S e c u r e d gold notes $2,500,000 call 1 0 1 ..__ CeC.c*
S e c u r e d g o l d r a t e s ____n__________________________________ I C . c
S e c u r e d g o l d n o t e s . _______ ____________________________________
K a n s a s C ity V ia d u c t & T e r m — 1 st M g s I (t e x t ) c ’ & r
K a n s a s & C o lo r a d o P a c ific — S e c M is s o u r i P a c lflo R y . _
K e n & I n d . T e r m R R — 1 s t M g u a r (s e e t e x t ) Q .x o * A r
K e o k u k & D e s M o i n e s — P r e f e r r e d s t o c k _______________
F i r s t m o r t g a g e I n t e r e s t g u a r a n t e e d C R I & P _____ *
K e o k u k & H a m B o n d h o ld e r s C o — C o n v In c d e b n -c
S e c u r e d n o t e s c a l l a b l e a n y I n t d a t e _____________________
K e w a u n e e (ir e e n B a y & W e s t e r n — F ir s t m t g e — F .x c
K n o x v i ll e & O h io — S e e S o u t h e r n R y .
L a C r o s s e & S E R y — 1 st M $ 1 ,0 0 0 ,0 0 0 g r e d 1 0 5 - „ _ z
L a c k a w R R o f N J— S t k a u t h $ 1 2 , 0 0 0 , 0 0 0 g u 4 % d l v
L E F r a n k & C l a r i o n R R — 1 st M g c a ll 1 9 1 8 1 0 5 -F P
L a k e E r ie & D e t r o i t R i v e r — S e e P e r e M a r q u e t t e R R .
L a k e E r i e & P i t t s b u r g — S t o c k r e n t a l g u a r a n t y ------------F ir s t m t g o $ 1 5 ,0 0 0 ,0 0 0 g g u a r u n i s s u e d .- G .x e * A r *
K
K
K
K
0
$100
" 8 1903
1,000
Ry bo low.
Burlln gton A Quincy.
1897
500
100
100
1900 1.000 Ac
1909 1.000 Ac
1912
1.000
1910 1.000 Ac
1915
1.000
1916
1.006
1917
1.000
1917
1905
1.000
1911
162
162 1878
1915
37 1891
41 1904
1.000
31 1913
1.000
100
28 1915 1,000 Ac
In Nov. 1916 let contracts for $3,000,000 double-docked viaduct over
Kaw Valley bottoms to connect with (1) Un. Pac. and Oh. It. I. & p. Rys.;
(2) Mo. Pac. and Ch. Grt. West. V. 103, p. 1980. (To bo completed
about Juno 1918.)
Of the 1st 4s ($50,000,000 auth.), $16,906,000 are pledged to secure notes
and 82.240.000 are roserved for additions and lmpts. V. 90, n. 559. 627;
V. 91. n. 1386; V. 92, p. 395; V. 93. p. 164; V. 96. p. 135, 202; V. 98, p.
1214, 1316: V. 100. p. 733; V. 106, p. 296.
In Nov. 1915 $5,000,000 3-yoar 4M % notes woro sold (secured by deposit
of $6,667,000 1st 4s). callable at 101 ana Int. V. 101, p. 1713. On Nov. 30
1917 Issued $1,625,000 1-year 6% notes (all owned by the Union Pacific
June 30 1916) secured by $2,500,000 1st M . 4s; also in July 1916 $2,500.
000 5-year 4 M % notes secured by $3,125,000 1st M . 4s, to retire $2,500,000
Kansas City Belt Ity. 1st 6s. duo July 1 1916. V. 102, p. 2254. Nov.
1917 $3,000,000 one-year 6 % notes secured by $4,616,000 1st Mtgo. 4s,
duo 1960. V. 105. p. 1998.
Pres., Wm. M . Corbott; Sec., n . F. Taylor; Treas., E . F. Swlnney.—
(V. 105, p. 1998; V. 106, p. 296.)
KANSAS CITY VIADUCT & TERMINAL R Y — Company owns an
unoperated elevated railway and highway viaduct from Bluff and 6th Sts.,
Kansas City, M o., to Minnesota Ave. and 4th St., Kansas City, Kan.,
with branch viaduct to lnterlying railroad and manufacturing districts.
Main structure completed 1907,1.6 miles. V . 82, d . 160; V. 8-1, p. 271. 931.
Was sold under foreclosure 1st M . May 1 1917. V. 104, p. 1263.
STOCK.— Stock outstanding, $3,447,700 (par $100)— (V. 94. p. 416.)
BONDS.— Equitable T r.C o ., N . Y ., and Fidelity Tr. O o., Kansas C ity,
trustees. V. 90, p. 1101: V. 92, p. 1564.
Protective Committee.— In July 1917 over 98% of the 1st 4 Ms and Income
bonds had been deposited with a committee consisting o f Richard O. Storey
of Boston, Chairman; Equitable Trust Co. of N. Y ., depositary; Wm. G.
Dooley, 25 Broad St., Sec. V. 101. p. 627; V. 104. p. 1263.
. K E N T U C K Y & INDIANA TERMINAL R R .— Owns 2-track steel
bridge over O h ■
i)o ____
_
River___
at______
Louisville
and _________________
16.44 miles main_____
track_____
and
43.13 miles yard tracks and sidings In and about Louisville. Sou. Ry.TBaltlmore A Ohio and Chic. Ind. A Louisv. own the $75,000 capital stock, and
under new lease from Jan. 3 1911, pay monthly. In proportion to cars
handled, any deficit In operations, rentals, taxes and Int. Bonds, £2,000.
000 auth. Issue, of which £1,291,000 guar, by the three proprietary cos.,
wore Issuod to retire the $2,136,600 old bonds and for now construction; re
mainder reserved for future purposes. V. 92, p. 187; V. 91, p. 589, 214, 38c
V. 92, p .201 . 1032; V. 93, p. 469; V. 95, p. 1403; V. 102. p .437 .
Pres., Geo. H. Campbell; Sec., O. It. Arnold, Louisville; Troas., H. D.
Ormsby.— (V. 97, p. 521; V. 102, p. 437; V. 105, p. 1898.)
KEOKUK & DES MOINES RY.— Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from Oct. 1 1878 to the Chicago
Rock Island & Paclflo R y ., the lessee paying 25% of the gross earnings and
guaranteeing the Int. (not the prln.) on tho bonds. During tho receiver
ship of tho O. It. I. A Pac. Ity. from July 1 1915 to Juno 24 1917, the
payments under the lease were suspended under order o f Court, but the
Interest on bonds was regularly paid out of tho earnings o f tho road. Upon
termination of Rock Island receivership In Juno 1917, tho operation of the
property was again taken over by Rock Island Ity. under tho old lease.
viCk i3 l 1 j2! ’000 prof- and $2,600,400 com. (par, $100), a majority of
which Is hold by the lessee. Prof, ontltled to snare with common stock
In any excess over 8% . V. 99, p. 49, 969; V. 104. p. 1801.
« DIV? i , \ '°,2 - ’03- 04. ’05-’07. ’08. ’09. ’ 10-’ 12. ’ 13. ’ 14. 1915. None
O n n rof.% f 1
2 1M None 1H 1 2 M y ’ly 3M 3H Apr,2M since.
. , £ 6 r™ n u D oc- 31 1916, gross, $671,024; not. $203,407; int. on bonds.
$137,500; chargns, $188,980; bal., d e f„ $117,686.
J. E. Gorman, Pres.; Geo. H. Crosby, V .-P ., Treas. & Asst.
Sec.; F. W. Sargent. Sec.— (V. 105. p. 67. 1818.)
K E O K U K & H A M I L T O N B O N D H O L D E R S ’ C O .—
Rate
%
*5,000,000 v. t. c.
4g
1.288.000
150.000
30.000.
21.000.
30.000.
18.000.
868.000
1,200.000
33,094.000
5.000.
2.500.000
3.000.
1.625.000
3.302.000
4
000
4000
In 1917
000 3 e
00G5 g
5g
Incorporated In May 1914 with $100,000 authorized stock, o f which only
»-arn.oun.t .£> bfl I*jue<l at present, to acquire (per plan V. 99, p.
1920. the bonds of the Keokuk Sc Hamilton Brldgo Co., which owns bridge
I**v,er at Keokuk, la., used by Toledo Peoria A Western
an^u # 1*000 nno'o*nnd foot Passengers, and assist It In rebuilding the bridge.
i no 5 1.uou.uuu du-year convertible non-cum. Income debentures, to bear
Interest at not to exceed 2 U % per annum, have been exchanged $ for $ for
l^ooUoooK<(/e o
Holders o f Bridge bonds subscribed for an Issue of
*400.000 or 30-yr. 6% secured notes secured by the bonds, tho proceeds of
which are being used to rebuild the bridge.
TLle
co> ls t0 be applied, first, to payment of Interest
on the 6 %.8«cur«d notes; second, to a special Interest fund on the non-cum.
Income debentures, and. third, to retirement of the notes by lot at par and
Int. or by purchase at less than par (these by Increase In traffic It ls expected
to retire In a reasonable time). Upon such retirement the notes of the
Bridge Co. will be roturned to the debenture holders. The debenture cou
pons for $15 each are paid whenever the special Interestfund ls sufficient.
JJamllton Bridge Oo. year ending Dec. 31
1916. gross. $60,671; net. $40,179; interest, $42,735; taxes, $4,972. Pres..
AV d95Wp °“ l 8 ^ e.:99rT l 2 0 l)eO<1Ore Gllman’ 55 Wlllkkm s t - New York.—
LA CROSSE & SOUTHEASTERN RY.— Owns La Crosse and Southeast
ern Jet. to Vlroqun. Wis.. 40.81 miles; trackage La Crosse and S. E. Jot. to
La C r ° « e . 1.8 miles: total. 42.61 miles.
stock authorized. $1,000,000:
outstanding. $955,000; par. $100. Bonds. $1,000,000: auth.; outstand-
i
See text
When
Payable
5g
4
5g
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
A
A
O Apr 1 1953
Oct 1911 coup last paid
F
A
A Aug 1 927
Treas Off. Kan City, Mo
Q—J Jan 15 1918 1% Checks mailed
A A O Apr 1 1950
New York Trust Co, N Y
J A J Apr 1 1950
do
do
J A D 15 June’18-Dec ’24 Blair A Co, New York
4g J A J
M A N
000
4M
4H 8 J & J
M & N 15
000
6g
M & N
6g
4M J A J
£100 £1,351.000
4M e
$100 $1,524,600 See text
100 Ac
5
2.750.000
1.000.
000
Upto2M
6
386.000
1.000
5
KANSAS C IT Y TERMINAL R Y .— Has built a passenger depot and
freight and passenger terminals at Kansas City, Mo., with approaches,
to be controlled by 12 proprietary cos., viz.: Chic. R. I. A Pac., Atch. Top.
A Santa Fe, Chic. Mllw. & St. Paul, Chic. A Alton, St. Louis & San Fran.,
Union Pacific, Wabash, Chic. Burl. & Quincy, Mo. Pac., Missouri Kan. &
Tex., Kan. City Southern and Chic. Gt. Western, which will pay equally
any excess of fixed charges. V. 89. p. 1671. Has 151 miles now built
of main and Industrial railroad tracks, 5 local freight stations, passenger,
freight and switching yards, &c., and union passenger station. V. 90,
627. 63O:0W 01. p. 1386: V. od. p. 135: V. 98, p. 1244: V. 99. p. 1130;
Amount
Outstanding
Par
Value
71
Jan
Nov
July
Nov
Nov
Sept
1 I960
15 1918
1 1921
15 1918
30 1918
1 1934
N Y Boston A Chicago
do
do
New York and Chicago
N Y , Boston and Chicago
See text
J A J Jan 1 1961
J P Morgan & Co, N Y
See text Apr 1 1915 2H
A A O Oct 1 1923
First Nat Bank. N Y
30 years
1M % paid July 1917
A & O 1945
J A D June 1 1921
Office. 40 Wall St. N Y
A
J
5
4M 8 J
A O Oct 1 1944
La Crosse, Wise
Q—J Jan 2 1918 1% Del Lack A Western RR
& D Dec 1 1953
U S Mtge & Tr Co, N Y
A
D June 11965
New York
lng, $300,000. WLscoraln Trust C o. of Milwaukee, trustee. Jfme 30
1915. loans and blits jxiyable outstanding, $91,115- V. 80. p. 222,
Year ending June 30 1916, gross, $90,187; net, $25,189; Int. on bonds
$15,000; taxes, $4,026: bal.. sur., $6,163. Pres., John II. McMillan,
Minneapolis, Minn.; V.-P., A. S. Cargill, Milwaukee, WIs.; Sec. A Treas.,
Jas. B. Taylor, Minneapolis, M inn., and Aud., 8 . J. Lennon, La Crosse.
Wis. Office. 300M Main 8t.. La Crosse. WIs.— (Y. 80. p. 222.)
LACKAWANNA RR. OF NEW JERSEY.— (See D. L. A W. M ap.)—
Owns from Hopatcong, N. J., to a point near Portland, Pa., 27.44 miles,
opened Dec. 1911, D .L . & W.leases the road for a guaranty of 4% on the
stock. V. 93. p. 1324. 1786; V. 92. p. 656; V. 90. p. 557; V. 88. p. 558;
V. 86. p. 543 Stock outstanding, $10,750,000. was distributed In Deo.
1911 as a dividend to tho D . L. A W. stockholders.— (V. 106, p. 601.)
LAKE ERIE & EASTERN R Y — Marcy to Brady’s Lake Junction,
O.. 2 7 miles. Stock $7,790,000 all owned by N . Y . Central System.
V. 105. p. 2184; V. 101, p. 449.
LAKE ERIE FRANKLIN & CLARION R R .— Owns Summerville to
Clarion, Pa.. l5 miles; branch, Strattonvllle to Mill Creek, Pa.. 3.10 m .;
other branches, 8 H m.; trackage, Sutton to Franklin, Pa., 47.9 m.; total,
74.75 miles. Capital stock $1,000,000, par $50, 1st M . bonds auth. $1,
000,000, callable on or after Dec. 1 1918 at 105 and Int. Car trusts June
30 1916, $77,500; trusts Dec. 31 1916. $117,500; loans and bills payable,
$90,500. For year ending Dec. 31 1916, gross, $153,345: net. $56,713:
other Income, $5,583: Int., taxes, &c., $59,063: bal., sur.. $13,232. Pres.,
Gen. Charles Miller, Franklin, Pa.; V.-Pres., T . J. Odell, N. Y .; Treas.,
H. H. Hughes.
LAKE ERIE & PITTSBURG R Y .— Owns 27.76 miles between M arcy
at a connection with Cleveland Short Line R y. (now N . Y . Central R R .)
and Brady Lake Jet. on Penna. R R .: was opened Oct. 15 1911. V. 98,
p. 1211. Jointly owned by N . Y . Central RR. and Pennsylvania C o.,
which have trackage rights over the road, rental providing for Interest and
6% on stock. Stock auth.. $6,000,000, as Increased In May 1911; outstand
ing, $4,300,000. of which the Pennsylvania Company and New York
Central R R . each owned on June 30 19l6 $2,150,000. Under date o f N ov.
30 1915 old 1st M . bonds outstanding, amounting to $4,300,000, were
cancelled. In lieu thereof there was authorized an Issue of $3,540,000 of
1st M . 50-year 4M % bonds and a liability set up on the books for that
amount. In Feb. 1918 the new bonds had not as yet been issued. If sold
they may be guaranteed by the proprietary companies. See V. 101, p.
694; V. 103. p. 320.— (V. 103, p. 320; V. 104, p. 1801.)
LAKE ERIE & WESTERN RR.— ROAD.— Owns Sandusky. O.. to
Peoria. 111., 413 miles: branch to Minster. 10 miles; branch, Indianapolis to
Michigan City, 159 miles; Fort Wayne to Connersville and branch to Rusbvllle, 128 miles: total owned, 710 miles; leases Northern Ohio R R ., Akron
to Delphos, 162 miles: trackage, 28 miles; total operated. 900 miles.
HISTORY, Ac.— See V. 50, p. 590; V. 85, p. 600. N . Y . Central R R .
owns $5,940,000 com. and $5,930,000 pref. stock. V. 71. p. 1269.
DIVIDENDS.— \’99. ’00. ’01-’03. ’04. ’05. ’06. ’07. ’08. ’0 9 to Feb.’ 18
On preferred__ % / 0
2 4 yearly 3
3
3
3
1
None
BONDS.— Guar's 5s Nor. Ohio, which see. Equip. 4Ms, V. 104. p. 258.
EARNINGS.— 12 m os.,/1917.........Gross, $8,122,896; net, $1,361,867
Jan. 1 to Dec. 31. \1916..........Gross, 7,404,184; net. 2,120,040
REPO RT.— Report for year end. Dec. 31 1916, in V. 104, p. 2637.
Year—
Gross.
Net.
Other Inc. Int., A c.
Balance.
1916...............$7,404,184 $2,410,960 $126,438 $1,017,431 sur.$l,519,967
sur.516.550
1915............... 6,239.647 1,445,241 126,562 1.055.253
1914________ 5,602,771
867.402 123.474 1,218,750
def.227.873
— (V. 102, p. 609. 1436, 1535; Vol. 104, p. 256, 1591. 2637.)
LAKE SUPERIOR & ISHPEMING R Y .—Owns Presoue Isle (Mar
quette) to Ishperutng, M ich., 26.30 miles; branches, 10.07 miles; total,
36.37 miles. Also owns large docks at Presque Isle Harbor. Controlled
by Cleveland-Cllffs Iron Co. Stock, $1,000.000; par, $100. The serial 6s
of 1911 are redeemable In reverse of numerical order at 101. V. 9 2 .p. 1636;
V. 93, p. 229. For year ending Juno 30 1916, gross, $802,590; net. $292,
352: other Income, $14,255: Int. on bonds, $68,130; rental, Ac., $9,683:
bal.,sur.,$228,794. Car trusts out June 30 1916.$250,000; bills payable.
$132,000. Pres., Wm. G. Mather. Cleveland, Ohio.— (V. 106. p. 189.)
LAS VEGAS & TONOPAH R R .— Owns Las Vegas. N ev.. to Beatty;
117.2 miles. In June 1914 an arrangement was made with the BullfrogGoldfield R R .. under which the road between Beatty and Goldfield ls to be
practically re-constructed. The Las Vegas A Tonopah R R ., In return for
Its guaranty of the $199,000 Bullfrog-Goldfield 1st M . bonds and transfer
of part of Its line between Beatty and Goldfield, received 51% of the Bullfrog
company’s stock ($1.6-10.000 as reduced), per plan. V. 99. p. 1538. Stock
auth., $4,000,000; outstanding, <1,600.000; par *100. Loans and bills
payable Dec. 31 1917. $1,439,000. No bonds.
EARNINGS.— 11 m os.,11917..Gross, $91,085; net (after rents), $2,115
Jan. 1 to Nov. 30. 11916..Gross, 122,686; net (after rents), 6.753
For year ending Dec. 31 1917 (118 miles), gross, $100,102; net, $4,508
other Income, $2,878; charges, S27.691; bal., def.. $20,315. Pres.. J. Ross
Clark; V.-Pres., C. O. Whittemore; Sec. & Treas., W. H. Comstock.
Office, 583 Pacific Electric Building, Los Angelos, Cal.
BULLFROG-GOLDFIELD R R .— Beatty. Nev.. to Goldfield. N ev., 80
miles. In June 1914 control was obtained by Las Vegas A Tonopah R R ..
duplicate linos being abandoned. See above; V. 99. d. 1530. Year 1915
10. gross, $142,516; net. $30,978; other Income. $1,203; int., taxes. A c..
$22,562: bal., sur., $9.619.— (V. 98. p. 1918; V. 99, p. 1536.)
LEAVENWORTH TERMINAL RAILWAY A BRIDdE.— Owns high
way and railroad bridge (opened Jan. 1 1894), 1,140 ft. long, over Missouri
River at Leavenworth, Kan., and valuable terminal property In that city.
In July 1910 the Chicago Great Western acquired the entire stock, but does
not guarantee or assume bonds. V. 91, p. 214, 397. Kansas City St.
Joseph A C. B. (Chicago B. A Q.) and Ohio. R. I. A P. use the bridge at an
annual rental of $16,000 each, under a 30-year contract from 1894, with
option of 30-year extension. Chicago Great Western RR. also uses the
bridge under a contract expiring In 1921, tha annual rental being $12,000.
8tock. $600.000.— (V. 91. p. 397.
72
RAILW AY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[Vol. 106.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
710
$100 $11,840,000
71C
100 11.840.000
J & J Jan 15 1908 1%
71C 1887
1,00(
7,250,000
Chase National Bk, N Y
5 g .1 & J Jan 1 1937
716 1891
l.OOt 3,625.000
5 g .1 tc J July 1 1941
do
do
1917
990,000
444 J & J Jan 1 1919 to’27
Lake Shore & Michigan S outhern— See New York Centr al R R .
Lake Super & Ishp— 1st M $70,000ciueyrly red 101 xc1
24 1911
100 &c
820.000
F & A Feb ’ 19-Feb ’31 Clt Sav & Tr Co, Clevo
6g
Lake Tahoe Ry & Tr Co— 1st M g 5500.000 s f beg 190!
1.00C
17 1901
600.000
6g
A & O Oct 1 1931
Merc Trust Co, San Fran
Lansing Manufacturers— 1st M serial Interest rental..
l.OOt
60.000
8 1905
5 g J & J July 1 1920-30 Union Trust Co, Detroit
Laramie Hahn a Peak & Pacific Ry— See Colorado Wyom Ing & Eastern Ry
Las Vegas & T on— B. & G. 1st M g s Td calll0244 FF
1906
1.00C
100,000
Fidelity Trust O . Phlla
6 g J tc J Jan 1 1922
2d M (held by Las Vegas Sc Tonopah) g o ld ______
1914
1,000
68,000
do
do
6 g J & J July 15 1921
1,000
3 1893
660,000
5 g J & J Jan 1 1923
Central Trust Co, N Y
Lehigh & Hudson River— Stock $1,340,000_________
10C 1.340,000 Seo text J & 1) Dec 15 1917 6 % Warwick, N Y
General M 53.000,000 g (see te x t)__________ Ce.xc*
1,000 2,587,000
74 1890
5 g .1 & J July 1 1920
IrvN atBk.N Y Warwick
Debentures 5400,000 red 105 since Nov 1911.
1.00G
1907
400,000
4
M & N July 1 1920
Irving Nat Bank, N Y
Lehigh & New England— Stock__________ ___
50 Seo text See text
Feb 28 ’ 17, 2% Philadelphia office
All
1.000
1895
1,000.000
5 g J Sc J July 1 1945
437 Chostnut S, Phl l a
General mtge $15,000,000 g red 105____QuP.kc*
196 1914
1,000 4.000.000
5 g J Sc J July 1 1954
Equip tr ser A g gu red 102 K due $30,000 yrlyGuPx
1,000
180.000
1908
4 44 g J & 1) To June 1 1923 Guar Tr & S D Co, Phlla
do
ser B g gu red 102 H due 545,000 yrlytluPx
1911
1,000
430.000
444 M & N To May 1 1926
do
do
do ser C guar gold red 102IS $35,000 yrly.Q uPx
1,000
375,000
1913
444 F Sc A To Feb 1 1928
do
do
do ser D due $40,000 yearly guar______PeP.xc*
1,000
480,000
1914
444 M Sc S T o Mch 1 1929 Penn Co for Ins. &c. Phil
do ser E due $55,000 yrly (guar)(V.103,p .1405) PeP
1,000
1916
745.000
444 A Sc 0 To April 1 1931
do
do
Lehigh Valley— Common stock $80,000,000______ Gp
50 60.501,700 10 In ’17
Q— J Jan 12 ’ 18 244% Checks mailed
Preferred stock 10% (V 79, p 151, 269)________ OP .
O—J Jan 12 ’ 18 244%
50
106,300
10
do
do
First mortgage extended In gold In 1898-GP.xc&r
285 1868
1,000 5,000,000
4 g J & D June 1 1948
1
Consolidated Mlcoup& reg $4,762,000 4 44s __xc&rl
1,000 10,400,000 444 & 6 J & D Dec 1 1923
1 1873
$40,000,000 Jannuity $2,538,000 4 44s ____FPx/
1,000 12,600,000 444 & 6 J & D Irredeemabl ( Co’s office, 228 So 3d St,
315/ 1873
General Consol mtgel $150,000,000 gold— aPxc*&r
315 1903 1,000 &c 26.639,000
M & N May 1 2003
4g
Phil, and J P Morgan
do
do
/
315 1903 1,000 &c 20,697,000
444 g M & N May 1 2003
& Co, New York
Coll trust bonds $500,000 due s a, see textGP.xo*&r
1905
1,000 7.075,000
F & A A ug’ 18-Feb 26]
4g
—
Bonds of Controlled Properties—
Lehigh & N Y 1st M gold guar p & 1____Mp.xc*&r
115 1895
1,000 2,000,000
4 g M & S Sept 1 1945
Lehigh Valley Ry 1st M g gu p & 1 (end) GP.xc*&r
1,000 15,000,000
514 1890
4H g T & J July 1 1940
do
do
Lehigh & Lake E 1st M $3,000,000 g Usm.xe*&r__
11 1907
1.000 3,000,000
444 g M & S Mch 1 1957
do
do
LEAVENWORTH & TOPEKA R Y .— Leavenworth to Topeka, 57
miles, Including 11 miles trackage at terminals. Control acquiree! In Sept.
1917 by F. L. Wells of Chicago, now President. W . A. Austin, Leaven
worth, suspended operations Feb. 6 1918, as receiver.— (V. 106, p. 715.)
LEHIGH & HUDSON RIVER RY.— Owns from Maybrook on Central
New England Ry. to Belvldero, N. J., on the Penn. R R ., 73.9 miles; and
from Phllllpsburg, N. J., to Easton, Pa., .70 miles; trackage, Penn. R R .,
Belvldere to Phllllpsburg, 13.3 m.; D. L. & W. trackage, Andover je t . to
Port Morris, N. J., 8.7 m.; total operated, 96.6 miles. V. 79, p. 269; V. 94.
p. 416. Dividends., 4% 1912, 1913, 1914; 8 % In 1915 4% & 4% oxtra June
1916, and 4% and 2% extra In Doc. 1916.
BONDS.— Of the $2,587,000 Gen. M . bonds out. $1,062,000^ are 'guar.
Jointly, p. & I., by Contra! R R . of N . J. and Leh. Coal & Nav. Co. V. 92,
p. 595, 1701. Seo form of guaranty, &c., in V. 67, p. 788; also V. 85,
p. 1513. The $164,000 2d Mtge. bonds, duo ju ly 1 1917, wero paid at
maturity. N o now securities issued.— V. 105, p. 716.
EARN IN G S.— 11 m os.,fl917—Gross, $2,089,302; net (after $437,643
Jan. 1 to N ov. 30.
\1916__Gross, 1,984,468;
rents),
525,218
ANNUAL REPORT.— For cal. year 1916; V.104, p.2225; V.105, p.1708.
Dec. 31 Year. Gross.
Net. Oth. Inc. Ini.,Tax.,Ac. Divid’ds. Bal.,Sur.
1916............$2,143,597 $796,044 $7,331 $377,810 (14)$187,600 $232,975
(8)107,200 314,126
1916............ 2,006,429 795,859 3,277 382,800
Lowls A. Riley, Pres., Phlla., Pa. Sec.-Treas., W . II. Sayer, Warwick,
N . Y .— (V. 105. p. 716,1708; V. 106, p. 189.)
BONDS.— Gon. Consol. Mtge. of 1903 is for $150,000,000 bonds, boar
ing not to excoed 5% Int., covering tho entire road, the stock of tho Lehigh
Valloy Coal Co. and other stocks owned. On Oct. 1 1917 thero wore
outstanding in the hands of tho public, $20,697,000 444s and $26,639,
000 4s; In treasury, $1,000,000 444s and $13,000,000 4s: rosorved (o)
to retire underlying bonds. S76.664.000. and for additions, A c.. $12,
000,000, these last being Issuable at not exceeding $2,000,000 a year, or
larger amounts as may be authorized by stockholders. Old bonds may,
however, be extended, if necessary, for not over two years. Provision may
be mado at time of Issue of bonds.thereunder for right to convert Into stock
at pleasure of holder not over $25,000,000 at any one timo outstanding.
V. 103, P-586; V. 102. d . 1346, 1436; V. 97, p. 1823, 1898; V. 99, p. 477;
?: ll: i: !tfeV7!iV §Ii.v -n - *•lM* v-82- »•I380; v- “ •»•
The purchaso of stock of Coxe Bros. & Co. ($2,910,150) (V. 103, p. 587)
and of Dola. Susq. & Schuylkill R R . in 1905 was financed by an issue of
$19,000,000 coll, trust 4% bonds, to bo retired by $500,000 semi-annual in
stallments beginning Aug. 1907 and secured by deposit of those stocks with
trustee. Bonds subjoet to call as a whole at 10244, beginning Aug. 1912. or
in order o f serial numbers. V .81, p. 1175. 1242. 1376: V. 82. p. 100: V. 83.
p. 702; V. 84, p. 1428; V. 88, p. 452. On July 1 1917 paid off $200,000
1st M . bonds of tho Wyoming Valloy Coal Co.
Equipment trusts in treasury Dec. 31 1917; " L ,” $800,000; " M ,” $1,
200,000; “ O ,” $2,500,000; “ R, $2,000,000; “ S ," $2,500,000. Authorized
but unissued. V. 103, p .574, 585.
GUARANTIES.— Lehigh Valley Railway Co.— Owned Buffalo, N. Y .,
to near Sayre, Pa., 174.48 miles, double track, and branches, 339.74 miles,
in
all 514.22 m.. covered by $15,000,000 mtge. of 1890. but In 1903 and
LEHIGH & NEW ENGLAND R R .— Operates road from Hauto, Pa.,
with other sub. cos. and In 1907 absorbed tho Lehigh A
to Campbell Hall, N . Y ., 127 miles; ifainesburg Junction, N . J., to 1905 consolidated
Erie. Stock, $11,745,000, all owned by Lehigh Valley RR. Mortgago
Edgowater, N . J., 60 miles; Bethlehem, Pa., to Benders Jet., Pa., 19 miles; Lake
abstract,
V.
51.
p.
114; V. 77. p. 147. 972: V. 81. p. 784; V. 84. p. 1366.
Bath, Pa., to Martin’s Creek. Pa., 18 miles, and branches, 72 miles; total. In June 1916 was authorized
to issue $1,100,000 debentures. V.103, p. 61.
D oc. 31 1916, 296 miles, o f which 9 m. are leased and 96 m. trackage rights,
Lehigh Valley RR. Co. of New Jersey.— Owned double-track road from
leaying 192 miles owned. V. 95, p. 1403; V. 105, p. 181. Lehigh Coal &
Phllllpsburg, N. J., to Jersey City, and branches, with about 125 acros at
Nav. Co. owns majority o f stock. V. 78, p. 1781, 1962; V. 91, p. 1386.
Jersey City and a large water front, &c. Total mileage. 122 miles. Stock
SECURITIES.— Stock auth., $7,500,000; outstanding June 30 19171 outstanding, $12,506,000. all owned by Lehigh Valloy RR.. which In 1914
$6,300,000, of which $5,997,500 is owned by Lehigh Coal & Nav. Co.; par, leased It for 99 years. V. 77, p. 972; V. 53. p. 640, 880; V. 81. p. 784: V. 83.
$50. In July 1917 the New Jersey P. U. Commission authorized the issu p. 703; V. 98, p. 1845, 1920.
ance of additional stock, making total auth. to bo issued and sold $7,500,000.
Morris Canal.— Stock and bonds mostly owned by Lehigh Valloy R R .
$300,000 of this additional stock was owned in Aug. 1917. V. 105, p. 73.
Seo Issue Oct. 1912 andV. 92, p. 627. 1109: V. 93. p. 811. 1106: V. 94.p.
419; V. 95, p. 488; V. 97. p. 373. In Nov. 1915 the lease was held taxable.
D IV ID E N D S.—
11913. 1914.
1915.
1916 (cal. yoar)
Per cont—......................... \ 4
8
8 % & 3% extra 8 % & 2% extra V. 101, p. 1807. Ownership of basin In jorsoy City, V. 102, p. 1060.
Penn. A N. Y. Canal & RR.— Leased tor 99 years from Deo. 1 1888 to
Bonds, Ac.— Of tho Gen. M . 5s o f 1914 ($15,000,000 auth.), $1,000,000
were reserved to retire tho 1st 5s and $10,000,000 for future purposes. V. Lehigh Valley, which has assumed Its debt and owns all Its stock. Consols
102, p. 976, 1060; V. 99, p. 49, 674. Lehigh Coal & Nav. Co. (V. 91, p. include $4,000,000 5s. $3,000,000 4s, $1,500,000 4 44s. V. 62, p. 950.
1386) guarantees car trusts A and B. V. 86, p. 1343, 1409; V. 96, p. 63.
Seneca County Ry.,%500.000 gu.bds.; none sold June 1916. V. 79. p. 1271
Lehigh A Lake Erie mortgage ($3,000,000) covers 11m. double-track ter
EARN IN G S.— 11 mos.,J1917.-Gross, S3,412,529; net (after $1,187,555 minal
road at Buffalo. V. 81. p. 211: V. 83. p. 702. Now n part of the
Jan. 1 to N ov. 30.
\1916—Gross, 2,777,485; rents),
925,533
Lehigh Valley R y. Co. V. 84, p. 1248; V. 85, p. 312; V. 87. p. 817. 818.
R E PO RT.— For year ending Dec. 31 1916, V. 104, p. 2005.
LATEST EARNING S.— 11 months:
Cross
Net, after
Other
Interest, Dividends
Balance,
Jan. 1 to f 1917................ Gross, $49,495,607; net (after rents), $6,114,430
Earnings.
Taxes.
Income. Rents,Ac. Paid.
Surplus.
N ov. 30. (1916--------------Gross, 45,020,299; net (after rents), 7,696,304
19 16___ $3,046,332 $1,116,762 $61,202 $480,193 (10)8600.000 $97,771
19 15___ 3,074,265 1,395,569 23,598 470,029 (11)660,000 289,138
For three months to Sept. 30 1917, V. 105, p. 2184:
Total Net
Interest Pref. Dies. Com.Divs. Balance.
Pres., Samuol D. Warriner; V.-P. & Gen. M gr., R. H. Wilbur; V.-P. & 3 mos. to Gross
Surplus.
Gen. Counsel, Wm. Jay Turner: Sec. & Troas., Honry H. Peaso; Com pt., Sept. 30. Earnings. Income. Rents, Ac. (244%). (2 44%).
1917--.$14,529,788 $5,208,103 $1,972,626 $2,658 $1,512,542 $1,720,277
E . M . Reynolds, 437 Chostnut St., Phila., Pa.— (V. 105, p. 181, 1309.)
1916.— 13,052,105 3,954.647 1,737.109 2,658 1,512,542
702,338
LEHIGH VALLEY R R .— [See M ap.)— Oper. Dec. 1916,1,443 mllos.vlz:
ANNUAL REPO RT.— The report for 1915-16 also for Lohlgh Valloy
Main Line (fee, or all stock owned), ILeased______________________ 143
46
Jersey City to Buffalo________ 445|Trackagc____________________
p 0^ ^ 0 2339 2350P’ 574’ 585' F° r 6 m° S' t0 D0C' 31 1910’ V‘ 104,
Branches (fee or all stock own’d) .8 0 9 1(2d track 597 miles)
— Six Mos. to Dec. 31-------- Year ending June HO—
HISTORY, ETC.— The Drexel-Morgan Interests, It Is understood, have
Revenue from Oper.—
1916.
1915.
1916.
1916.
a preponderating voice In the management. A syndicate represented by Coal freight.
........... $9,345,640 $9,825,860 $18,811,099 $19,195,756
Kuhn, Loeb & Co. In July 1910 acquired a large Interest. V. 91, p. 276.
Merchandise freight------ 11.317,769 10,202,599 20,363,251 16,005,501
The Lehlgh-Buffalo Terminal R y. Corp., all of whose securities ($50,000 Passongor....................... 2.599.694
2,301,665
4,300.183 4,043,799
stock and $5,000,000 1st M . 4s are owned, has built a now passenger and Mall, express. &c........... 2,455,454
1,911,093
3,908,037 3,280.906
freight terminal at Buffalo, V. 102, p. 153; V. 99, p. 467; VT 100, p. 397,
Total oper. revenue..$25.718,557 $24,241,217 $47,382,570 $42,525,962
733, 1257, 1672; V. 101. p. 455; V. 103, p. 2341; V. 104, p. 1263.)
Lehigh Valloy Harbor Terminal Ry. was incorporated In N . J. on Net, after taxes............... $6,358,396 $6,653,332 $12,574,714 $10,871,803
730,346
1,626,229
1,942.212
March 10 1916 with nominal ($100,000) capital stock, to establish an ox- Other Income................. 1,360.562
tensive terminal development with piers, &c., on somo 400 acres of water
Total net........................ $7,718,958 $7,383,678 $14,200,943 $12,814,015
front and underwater land at or near Jorsey City. All Its obligations
($3,562,740 5% notes) wero held Doc. «1 1916 by Loh. Val. RR. V. 103, Bond interest.................... $1,917,434 $1,706,662 $3,500,437 $3,459,738
Lease other roads........... 1,071,295
1,071,295
2,142,589 2,142,589
p. 587; V. 102, p. 1060, 2166; V. 104, p. 2351; V. 105. p. 1309.
727,685
764,409
891,477
889,243
COAL PRO PE R TY.— The Lehigh valley RR. Co. owns all the $9,465, Other rents. &c................
(5)5,315 (10)10.630 (10)10,630
000) stock of the Lehigh Valloy Coal Co. Purchaso in 1905 of Coxe Bros., Preferred dividends------(5%)5,315
seo “ Bonds.”
Common d i v id e n d s .- ( 5 % ) 3 ,0 2 5 ,0 8 5 (5 )3 .0 2 5 ,0 8 5 (1 0 )6 ,0 5 0 ,1 7 0 (1 0 )6 ,0 5 0 ,1 7 0
The Coal Co. shipped from collieries owned and controlled 7,074,765 tons
Balance, surplus------$972,244
$810,912 $1,605,640
$261,645
o f anthracite coal for the 6 mos. to Dec. 31 1916, against 7,254,367 tons for
the corresponding period In 1915; total coal and coke tonnago, 6 mos. to
Pres., E. E. Loomis; Chairman. E. B. Thomas; V.-Pres., J. A. M iddle
Dec. 31 1916, was 8.692,076.
ton, F. L. Blondlnger, T . N. Jarvis, L. D. Smith and M . P. Blauvelt (and
In Jan. 1912 the Lehigh Valloy Coal Sales Co. was Incorporated. See Comp.); Treas., C. J. Kutp; Sec., D. G. Baird, 228 So. 3d St.. Phila.
extra dlv. bolow and Lehigh Valley Coal Sales Co. under ^Industrials.’ ’ Executive Committee: Chairman, E. B. Thomas, E. E. Loomis, Geo. F.
V. 94, p. 123; V. 92, p. 956; V. 95, p. 487, 478.
Baker, E. T . Stotesbury, W. II. Moore, Daniol G. Reid and James McLean,
On Dec. 21 1914 the lowor Federal Court dismissed the suit brought by
Directors.— E. B. Thomas, Edward T . Stotesbury, W. R . Butler, Prod
the Government against the company and its subsidiaries and the Lehigh
Valley Coal and Coal Sales companies for alleged violation of the anti-trust M . Kirby, Wm. H. Moore, Daniel G. Reid. James McLoan. Samuel T .
law and commodities clause of the Inter-State commerce law. V. 98, p. Bodlne, Geo. F. Baker, nonry B. Coxo. Arthur W. Sowall, MorrlsJLi.
912.1920: V.99. p. 1910. Also see Central RR. of N . J. In V. 101, p. 1465; Clothier.— (V. 105, p. 2184; V. 106, p. 296, 601, 607.)
Government has appealed. V. 105, p. 1898; V. 103, p. 1118; V. 102. d .
LEXINGTON & EASTERN R Y .— See Louisville Sc Nashville.
1346; V. 101. p. 2145; V. 102, p. 609, 1626, 1896.
LEXINGTON (KY.) UNION STATION CO.— Owns passenger station.
DIVS.
J’94-’03. ’04. ’05. ’06. ’07-’ 10. ’ 11-’ 14. 1915 to Jan 12 1918
Common stock, $15,000, owned equally by Loulsv. & Nashv., Ches. to
Slnce’93 (%)1 None
1
4
4 6 y ’ly.
lOyrly
10 (244 % Q -J )
Ohio and Lexington & Eastern. There has been authorized $500,000 of 4%
In Feb. 1912 also an extra cash dividend of 10%, applicable if de
(non-voting) preferred stock, secured by mtge., and rentals paid
sired to subscription for stock o f new Leh. Val. Coal Sales Co. V. 94. p .123. cumulative
by above-named roads on basis of passenger cars. Pres., W. A . McDowell-
>swego
^NFultOn
Charlotte
VaUingtonj^
Rochester*
CANASio-TAjy
Weeds
IThrooj
\ RipplctonhT
ikancateiifs L.
■Romulus/
_ \^asca<T<r
r°ra
^ .L ocke
^ W arsaW W
Sll/et L. Jc. C-Mt Uorris
V
X A rcaJ
de/
lunkirk
U
f
\Daytont
frocton \
/
lt'ratersW3roton-
v gf«
51'
PortageY<\ N r
,
Kanoi
w
.Bath
Homellsvilife
m
Salami
AVelisyUle
Hinsdale
Turen
<Mt. Jewett,
Addison
nd
hoga
iarton
lingham ton
Hunter,
Phoenicia'
Downsvllle
JVTioga
\
Roxbury
Paletv'
Deposit
'Camden
i
Cairo
Arkvllle/
Walton,
Hancock
WM* '6
Hudson
itsklR
Malden
Westfield JFlats
,Alford
TOWANDA]
\ M orris R u n /o 1
Herrick Centre ‘o^aCalllcooa
Monroetopj
Stevenson
Foot of
“Blackwells
Plane
Hoytyille
Hallton
Westal
Delhi
> 9 j)i
/ftSi
'W est End.
mburg
Sidney
ifiheveh
h i l a o cL '
.anesboro
^ r*w \
Snedekcryllle
lltok esd a le
/
GaletonN.
Coudersport
HORSEHEADS
ELMLFW
Y>Tronton
£
---- -— -6 Lawrenceville
K a n e Y y '^ j
'Titusyille
THROUGH ROUTS
NEW YORK TO CHICAGO
Norwich
y o w E Gj
Eldred Genesee\
V
Harris! s ^ e * '
.Corry
^Cleveland
EarbHle
CORTLAND
^LudlowY. 2 SREEVILLE\Y
Dryden
iMarathon
foatvOT Q M ills
Ltv*** ^ BRlchford
if Berkshire
<Chonanho.
fiKewark Talley F o rk s V
tyFlemlngrllle
1
Alachlas Jc.
Jamestown
d ^ ^ T r u x to n
Itidg, a rY^y~F-McLean
\
Lshford i
vV-Chautauqvl
Toledo
’De Ruyter"
r ^ ^ r C n jle r
o Camden
oSyracuse
.Ithaca
:use W. C a le p o v i a ^
'alidonla
R A IL W A Y STOCKS A N D BONDS
McConnells Y."
/Ridgway
H o n e s d a le y h
Nordmont,
Trout Run i
Driftwood
'OUCH
[Carbondalej
Dushore*
Satterfield'
Hawley
Eagle Mere c^_
Sonestowi
Newbi
•MoscojY
Elshklll
est Point
Toxbui
iGouldsbo.ro
iButler
‘ W alston
Punxsutawney'
Deckertoi
'Clearfield
'ensrills
!now shpe
Golural
Phlllipsb
;rrmoor
J>j3unburyj
W ek ert
(Freeport
[Pomptoj
W.Miltom^
Milesburg
pen N.
"Andovei
t. Oraml
ILB.URT06|
■Hiddleburg
;BRdOKLrt
— lykens
o;
Lincoln Colliery
•Ratling Runo—
F e b .. 1 9 1 8 .]
.PITTSBURQ
;banon
L E H IG H
VALL
R A IL R O A D
iclls-ril!
HARRISBURI
Carlisle tc
iillsburg.
READlNi
Barto \
Salford*
READ.
/
Comwal
.Middletown
.0y ’'\ y Doyles Z,
’ottstowu'
|VvMarlett5 v<d
fiumbia
rp H IL A P _E j:p.a i.
74
R A ILW A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, «fcc., see notes on first page]
M iles Date
Road Bonds
Lehigh Valley RR— (Concluded)—
Lehigh Val Term 1st M g guar p & I ond_.Ce.xc*ftr
28 1891
East & Am 1st M Phill N J to Perth Am &c guar.xr
GOj 1880
Easton & Nor 1st M g guar by Leh V al.Q P .x c’ &r
13 1895
Middlesex Valley 1st mtgo $600,000 gold__ Ce.zc*
29 1892
Pa & N YOan&RR— Cons gu (text) (e n d)..G P .xr
137 1888
Morris Canal consol stock 4% guaranteed perpetual
Preferred stock 10% guaranteed perpetual______
L V Coal Co 1st M $12,000,000 g s f not dr__xc*ftr
1892
do
Interest reduced________________________x
1892
Delano L’d 1st M g gu s f (V 90. p 1617)___ GP.x
1891
Cons Real Est 1st M S2.600.000 (V 83, o 702)..U sm
1906
Lexington Union Station— Preferred stock (see text;.
LIgonler Valley RR — 1st M $300.000____ _______ x
16 1913
Lime Rock— Consolidated refunding mortgage g o ld ..
12
Litchfield ft Madison— First mtge $1,000,000 gola.x
44 1904
Little Miami— Stk original gu 8% 99 yrs P 0 & St L ..
____
Special guaranteed betterment stock ($5,000,000)..
General mortgage $10,000,000................................ z
1912
Little Rock & Hot Sp West— See St Louis Iron Mtn & Sou.
Little Schuylkill Nav RR & Coal— Stock (rental guar)
32
Live Oak Perry St Gulf RR— First mortgage--------- x
81 1912
Long island— Second (now first) mortgage_______ xo‘
155 1878
Consolidated mortgage (gold) ($3,610,000 are5s)Ce.v
156 1881
General mortgage gold____________________ Ce.vc*
163 1888
Long Island RR M on ferry for $2,750,000 g .Ce.zc*
1892
Stewart Line mtge of 1932 for $500,000 gold__ Cev
18 1892
Debenture ($1,500,000) gold not subject to call__ z
1894
New York ft Flushing first mortgage assumed...Ccz
2 1880
Bklyn&Mont 2dM assu BusSta to E’tp't & brsCe.zc*
76 1888
L. 1. City ft Flushing M gold assumed ..C e .v c *
19 1887
New York Bay Extension 1st M ass $200.000_____z
6 1893
Montauk Extension $600,000 1st M assumed__ z
21 1895
Unified M gold callable at 110_________ Usm.xcftr
316 1899
Par
Value
Amount
Outstanding
$1,000
1,000
500 &c
1,000
1,000
100
100
1,000
1,000
1,000
1.000
100
1,000
1,000
1 ooo
50
50
1,000
$10,000,000
5g
6.000.000
5
51.000
4H g
200.000
5g
' 8,500,000 4, 4£4. 5
See text
See text
10
10.114,000
5g
1,400,000
4g
297,000
5g
In treasury
4
388.000
4
300.000
6
400.000
4g
1,000,000
4,943,100
8 3-5
4
4,546.650
1.070,000
4
Rate
%
50 2,487.950
5g
1,000 . 789.000
6
100 Ac
268.537
7
1,000
4,731,000 4 & 5 g
1,000 3,000.000
4g
1,000
1.494.000
4)4 g
1,000
332.000
4g
1,000 a l, 135,000
5g
1,000
125,000
6
1,000
600,000
5g
1,000
650,000
6g
1,000
alOO.OOO
5
1,000
a315.000
5
1.000 6.660,000
4g
[Vol. 10G
When
Payable
A ft
M &
M ft
M ft
A ft
F ft
F ft
J ft
,1 ft
.1 ft
F ft
.1 ft
M ft
J ft
M ft
Q - -M
y - -M
M. ft
Last Dividend
and Maturity
O Oct 11941
N May 1 1920
N Nov 1 1935
N Nov 1 1942
O Apr 1 1939
A Feb 6 T8. 2%
A Fob 6 '18. 5%
J Jan 1 1933
J Jan 1 1933
.1 Jan 1 1932
A Feb 1 1956
J July 1 1917 2%
N May 1 1943
.1 July 1 1929
N Nov 1 1934
10 Doc 10 17 21-5
10 Dec 101917 1%
N Nov 1 1962
Places Where Interest and
Dividends are Payable
Of.. Phil, ft J I’ M , N Y
Office, 228 So 3d St. Phil
do
do
Of. P h ll.ftJP M & C o.N Y
Lehigh Valley RR. Phlla
Office, 228 S 3d St. Phlla
do
do
JJ P Morgan ft Co. N Y ,
1 and Drexelft C o, Phil
Co’s office, N Y ft Phlla.
Office. Lexington, Ky
Mellon Nat Bk, PIttsb
Portland. Me
Central Tr Co. N Y
Office, Fosdlck Bldg, Cln
do
do
Farmers’LnftTrCo. N Y
J
A
F
ft J Jan 15 T 8 214 Office. 410 Walnut.Phlla
Safe Dep ft Tr Co, Balt
ft <) Junol 1942
ft A Aug 1 1918
Treas Penna RR C o,N Y
do
do &Lon
c— J July 1 1931
do
do
J ft 1) June 1 1938
do
do
M ft S Mch 1 1922
do
do
J ft D June 1 1932
J ft D June 1 1934
do
do&Lon
do
do
M A S Mch l 1920
do
do
J ft D June 1 1938
do
do
M ft N May 1 1937
do
do
J ft J Jan 1 1943
do
do
J ft J Jan 1 1945
M ft S Mch 1 1949
do
do
a In hands of public; total Issue shown In loft-hand.c olumn ; balan co under unified mtg 0.
LIQONIER VALLEY R R .— Latrobe to LIgonler. Pa.. 10.3 miles; Llgonler to Fort Palmer, Pa., 5.7 m.; total, 16 miles.
Stock. $500,000: par $50. Dividend, 25% In stock paid M ay 1 1913.
In year 1913-14 6 % deferrod dividend and 6 % regular wero paid. Bonds,
see table above. For year ending Juno 30 1916. gross, $294,961; net.
$168,167: other income, $5,198: int., &c., $42,736; dlv., $60,000; sur.,
$70,629. Pres., J. K. Mellon; Sec., A . W . Mellon; Treas., R . B. Mellon.
Office, Pittsburgh, Pa.
LIME ROCK RR.— Owns road In and around Rockland, Me., 11 m .,
trackage, 1 m.; total. 12 m. Stock, $450,000; controlled by the RocklandRockport Lime Co. of Maine (V. 92. p. 960). Dlv. In 1905-06, 5% : 1906,
07. 5% , of which 3% from accumulated surplus; 1907-08, 2 H % : 1908-09;
6% : 1909-10, 414%: 1910-11. 3 H % ; 1911-12. 214%: 1912-13, 4 K % ;
1913-14. 114%; 1914-15, \M % . Year ending Doc. 31 1916, gross, $87,33"
not, $29,951. Office, Rockland.— (V. 82. p. 1380.)
LITCHFIELD ft MADISON RY.— Owns Lltchflcld Jet. to Madison, 111.,
44 m.; trackage, 1 m.: total. 45 m. Stock, common, 5500,000: nref.. 4%
non-cum., $500,000; par, $100. Car trusts Juno 30 1916, $18,959. Year
1915-16. gross. $249,401; net, $83,724; other Inc., $23,220; lnt., &c., $66.
381: sur., $55,231. Pres., James Duncan, Alton, 111.— (V. 79. p. 1256.)
LITTLE KANAWHA R R .— Parkersburg, W. Va.. to Owensport, 30.44
miles. Stock, com., $359,500; pref., $150,000; par, $100. Salo of control
to Balt. & Ohio was pending In Jan. 1918. V. 106. p. 86; V. 105, p. 2454,
2543; V. 86, p. 981; V. 82, p. 628; V. 86, p. 981; V. 102, p. 66. For year
ending Juno 30 1916, gross, $32,141; oper. def., $5,092; rentals, &c., $9,856;
bal., def., $14,948.— (V. 105, p. 2543; V. 106. p. 86.)
LITTLE MIAMI RR.— (See Maps Pennsylvania RR.)— Owns Cincinnati’
O., to Springfield, O., 84 m.; branch, Xenia, O., to Dayton, O., 15 m.; Day'
ton, O., to Ind. State line, 38 m.; leases Columbus ft Xenia R R ., Xenia, O.*
to Columbus. O.. 55 m.; Cln. St. Con. R R ., 2 m.; Richmond & Miami R R ..
Indiana State line to Richmond, 4 m.; total, 199 miles.
LEASE.— On Deo. 1 1869 leased to Pittsburgh Cincinnati & St. Louis
(now Pittsburgh Cln. Chicago & St. Louis R R .) for 99 years, renewable for
ever. The Penna. R R . Co. Is a party to the contract and guarantees Its
faithful execution. Rental Is 8 % on S4.943.100 original stock. 4% on bet
terment stock and lnt. on debt. V. 84, p. 51, 815; V. 86, p. 857; V. 104, p.
73.
BONDS.— The general 4s of 1912 ($10,000,000 auth. Issue; Cent. Trust
& Safe Dep. Co. of Cincinnati, trustee) are to bear not over 4% lnt., with
a first lien; remainder $8,930,000 Issuable only for bettermonts when aproved, but none until all the special betterment stock authorized under
ie lease has been Issued. V. 95, p. 750, 1331: V. 96.jp. 420.
Lessee’s report shows results to lessee: In 1909, profit, $67,171; In 1910.
profit. $79,616: In 1911. profit. $189,539; In 1912. lass. $28,188; in 1913.
loss, $142,190; In 1914, loss, $218,712; 1915, loss, $22,588; 1916, profit,
$196,704. Stock auth., $10,000,000. Beginning Dec. 1899, 1-5% extra
paid on com. stock each Dec. and June, and with 1912 1-5% also In Sept.,
from surplus invested funds, making dlv. 8 3-5% yearly.— (V. 104, p. 2010.)
LITTLE SCHUYLKILL NAVIGATION RR. & COAL.— Owns from Pori
Clinton to Tamancnd and Recvesdale, 31.44 miles; 2d track, 26.47 m.; total,
91.71 miles. Re-leased on Deo. 1 1896 to Phlla. ft Read. Ry. for 999 years
and rental reduced from 7% on stock to 5% gold from Jan. 1 1907
DIVS.— 1 ’06. ’07. ’08. ’ 09. TO. ’ l l . T 2. T3. T4. T 5. TO. '17. T 8Since 1903 % f 5
514 514 5 614 5
5K 6 6 H 5
5
5 2>4
Lessee pays taxes and organization expenses.— (V. 106, p. 189.)
LIVE OAK PERRY & QULF R R .— Owned Live Oak to Econfenla,
Fla.. 62.85 miles; Mayo Jet. to Alton, Fla., 14.41 m.; Murat Jet. to Murat,
F la.,3.74 m.; branches, 2.88 m.; total, 83.88 miles. Stock auth., $2,000,000; outstanding, $600,000: par, $100. Bonds, see table. Car trusts
June 30 1916. $35,000. For year ending June 30 1916, gross, $235,273:
not. $119,063: charges, &c., $66,621: bal., sur., $54,951. Pres., J. tl.
Powell; Sec. ft Treas., R . Hopkins. Office, Live Oak. V. 104, p. 2452.
LONG ISLAND RR.— Operates the steam surface roads of Long Island.
Owns—
Miles.
Leases— ( ‘ Which see.)
Miles,
Long Island City to Greenport__ 94 N. Y. Bklyn. & Man. Bch.‘ ______ 16
2
Long Island City to Montauk___ 115 Other __________________
Trackage—
Sundry branches_______________ 114
Penna. Tunnel ft Terminal_________ 4
Leases (‘ which see)—
Nassau Electric R R ___________
9
Total Jan 1 1917_______
397
Long Isl. RR. No. Shore Brch___30 Oper. electrically (miles trac)__188
N. Y. ft Rockaway Beach R y .‘ ._ 12 Double track___________________ 150
Also owns the nuntlngton R R ., Northport Traction, Nassau County
R y ., Glen Cove RR. and Ocean Electric R y., having combined mileage of
34 14 miles, and through the Long Island Consolidated Electrical Companies
a one-half Interest In N. Y. & Long Island Traction C o.. 42 m ., ana Long
Island Electric Ry., 26 m. V. 89. p. 598; V. 90, p. 1040. In Dec. 1917
rate of mileage books was to be Increased from 2c. to 2Mc. per mile. V.
105, p. 716, 2272. Other rates, V. 104, p. 2343. New freight terminals at
tidewater In So. Brooklyn were opened In Jan. 1918. V. 106, p. 396, 499.
PLAN.— In Jan. 1917, on condition that the minority shareholders would
surrender their holdings, the Penn. RR. Co.: (a) accepted In settlement of
the approximately $30,000,000 of Indebtedness due it by the L. I. RR. Co.
(consisting chiefly of 4% debentures), $5,202,100 now 5% 20-year deben
tures, and for tho remainder capital stock at par; (6) gave the $5,202,100
new 5% debs. In exchange for tho minority stock, $ for $. See V. 104, p. 361.
The new debentures will be secured by any future mortgage on the
proporty. With the debt to the Pennsylvania RR. discharged as above pro
posed, the amount of earnings of 1916 applicable to the payment o f Interest
on the $5,202,100 o f new debentures would have been about five times the
amount of such Interest.”
Only about $500,000 minority stock had
not assented In May 1917. V. 104. p. 663,863.1146.1263. 1899. 2235.2452.
STOCK.— In April 1917 the auth. capital stock was Increased from
$12,000,000. par $50. of which Penn. RR. owned $6,797,900, to $40,000,000,
tho total outstanding being increased to $34,110,250. V. 104, p. 1899.
S
DIVIDENDS.—
/ ’82. ’83-’90. ’91. ’92. ’93. ’94. ’95. ’96.
None
5 4 4
4
since.
P ercent_____________ \ 1 4 y ’ly. 4 H 5
BONDS.— The Refunding 4s of 1903 (545.000,000 authorized Issue) are se
cured by a lien on the entire road, subject to the $21,992,000 outstanding old
bonds, to retire which an equal amount Is reserved: remainder, $24,008,
000, guar, as to prln. and Int. by the Penn. R R ., were sold, the proceeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for addi
tional terminal facilities at Ray Ridge and Long Island City and for a double
track connection with the Now TIavon road, for additional terminals, tracks,
equipment, and to retire old bonds. V. 78. p. 583, 1549; V. 79, p. 796;
V. 80, p. 1111; V. 81, p. 211; V. 82, p. 868: V. 92, p. 527.
Equipment trusts Dec. 31 1916, $2,360,000. In March 1917 $940,000
414% equipment trusts wore authorized. V. 104, p. 559, 126 5.
file Unified Mortgage Is limited to cue amount now outstanding. Bonds
are subject to call at 110 In whole or In nart on any Interest dav. V. 68.
p 618. Mtges. on real estate $1.767 680. V. 76 n 266; V 85, P 160;
V. 89. p. 529. 1411; V. 90. p. 698, 1M0; V. 93. p. 1022: V. 102, p. 609; V.
103, p. 2079. Debentures of 1917, see "plan” above and V. 104. p. 2452.
GUARANTIES.— In addition to guaranteed bonds in tabic above, guar
antees 5% on $650,000 New York Brooklyn & Manhattan Beach pref stock
as part rental; also 6% on $50,000 P. P. ft So. Br. stock and 10% on
$82,500 of the New York ft Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and Inter
est, an authorized Issue of $10,000,000 414% 40-year collat. trust bonds of
the Long Island Consolidated Electrical Companies, a holding company, all
of whose stock Is owned, for the trolley lines owned ami controlled. See
V. 82. p. 100. 864; V. 84. p.865: V. 86. p. 1157. No bds. sold to Dec. 31 1912
EARNINGS.— For 3 mos. ending Sept. 30 1917, In V. 105, P- 2184:
3 Mos. to
Gross
Net after
Other
Interest,
Balance,
Sept. 30— Earnings.
Taxes.
Income.
Rents,&c.
Surplus.
1917________$5,774,812 $2,453,862 $295,296 $1,309,080 $1,440,078
1916 ............... 4.746,068
1.945.376 272,214
1,470.998
746,592
REPORT.— Report for year 1916, V. 104. p. 1257; for 1917, V. 106, p.
597:
1916.
(All in $)— 1917.
1916.
_
1917.
204.169
Oper. revenue.17,286,180 14,971,839 TTIro of equlp't
Net (aft. tax). 4,379,807 . 4,156.845 Joint facilities Includes
486,190
all
Rents, &c
200,615
452,812 Misce... rents.
Bond Interest. deduc
2,710.242
Unfund, secur.
tions.
296,551
& accounts.
659,4691
227,379 Other interest.
Miscellaneous.
29,171
Gross Income. 5,039,277 4,837,036
Total dedu c.. 4.169.976 4,505,564
Deduct—
809,300
241,472
Leaso oth. rds.
869,300
668,625 Surplus______
Pres., Ralph Peters, Penn. RR. Station. N. Y. Olty; Troas., James F.
Fahnestock, Broad St. Station. Phlla.— (V. 105, p. 1898, 2184, 2272;
V. 106, p. 396, 499, 697. 607.)
LOS ANOELES & SALT LAKE R R .— (See Map Union Pacific.)—
From Salt Lako City, Utah, to Los Angelos, on tho Pacific Coast, 811 m.
of main line, with branches, aggregating In all 1.154 miles: from Daggett
to Riverside, 111 miles. Is trackage over A. T. & S. Fe and Sou. Pac. llaa
steamship connection via Hawaiian Islands to China, Japan and Manila,
V. 81. p. 1551; V. 82. p. 1323; V. 91, p. 590. Salt Lake City terminals.
V. 76. p. 920. 1193, 1356, V. 77. p. 38. 148. 695: V. 78. p. 1393: V. 79. p.
1024. Las Vegas & Tonopah RR ., allied, runs from Las Vegas, Nev., to
Beatty, 119 miles. V. 81, p. 1175; V. 98, p. 1920. Construction of a line
from Pico Station to Santa Ana, 24 miles, was In progress In Jan. 1917.
In Feb. 1918 purehaso of the 9-mile Riverside Rialto ft Pacific R R .,
free of all lions, mortgages, &c., was pending. V. 105, p. 909, 997: V. 106,
p. 189.
Name changed from San Pedro Los Angeles ft Salt Lake RR. In Aug.
1916. V. 103, p. 759. In Dec. 1917 $3,250,000 was being oxponded for
additional rolling stock and sundry improvements. V. 105, p. 2456.
STOCK.— Auth., $25,000,000: par. $100; alllssued: held In voting trust for
5 years (from 1903) by Farmers’ Ixjan ft Trust Co. In Joint Interost of Union
Pacific and Wm. A. Clark. In Dec. 1912 tho U. 8 . Supremo Court held
valid control by Union Pacific. V. 95, p. 15-12.
BONDS.— The mortgage of 1911 Is for $70,000,000; $28,526,000 were
held Juno 15 1917 In tho Union Pacific (Oregon Short Line) treasury. V.
90. p. I l l ; V. 94, p. 124. 490, 699: V. 90. p. 1703: V. 98. p. 1538. 1994:
V. 100, p. 1833; V. 101. p. 132. Tho Calir. RR. Commission in May 1917
authorized the Issue of $1,969,000 additional 1st 4s of 1911 on account of
Improvements, &c., making, it Is understood, whon sold, $59,022,000 out.
EARNINGS.— 11 mos., 19171 Grass, $11,632,863; net (after$3,546,459
Jan. 1 to Nov. 30, 1916/ Gross. 10.594.710;
rents)
3.608.136
REPO RT.— For years ended June 30 and Dec. 31 (V. 103. p. 1888):
Year—
Gross.
Net.
Olherlnc. Charors.
Bat..Sur.
Dec. 31 1916.$11.656.885
$4,843,876 $113,856 $3,432,271 $1,525,461
June 30 1916. 11,244.355
3,987.292 109.648
2.807.828 1,289.112
Juno 30 1915. 9.497.896
2,796.523 97,319
2,797,283
96.559
Pres., W. A. Clark; V.-P., H. V. Platt: Treas., W. H. Leete.— (V. 103,
p. 759, 1888; V. 105, p. 606, 909. 997, 2456; V. 106, p. 189.)
LOUISIANA & ARKANSAS R Y .— Owns from Ibme, Ark., to Tioga,
La., 192.89 miles; Packton to Wlldsvllle Jet., La., 53.32 m.: Mlnden, La.,
to Shreveport, 27.15 m.; trackage, Vldalla to Black River, La., oppaslto
Natchez, 25 m. (St. L. Iron Mt. & So. Ry.); Tioga to Alexandria, La., 7.33
miles; trackage noar Shreveport, La.. 2.01 miles; total, 303.72 miles. On
Jan. 1 1917 was to begin sending trains by ferry across tho Mississippi River
and thonco under trackage agreement over 25 miles of tho Iron Nit. (M o.
Pac. Ry.) to a connection with the Illinois Central and Mississippi Central
R R ., facilitating through traffic to and from the East. V. 103. p. 1888.
Rock Island Co. uses 36 miles. Packton, La., to Plnevllle, La., under track
age contract, and St. Louis Southwestern passenger trains tho Shroveport
terminals under a 25-year lease. V. 93, p. 527.
F eb ., 1918.]
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES f ^ '1
[For abbreviations, A c., see notes on first page]
L one Island (Concluded)—
. .
Refund mtge S45.000.000 gold g u p & 1 .-Ea.xc* Ar
Debentures call aft 5 yrs 102 H ----- Usm.yyxc*Ar*
Miles Date
Road Bonds
316
Equipment trust Series II §04.000 due yearly..........
Leased and Controlled Lines, Principal or Interest Guara
30
L I RR No Sh Hr cons M 51.425.000 gu pAl.Ce.vc*
19
N Y l ! 4 Man B 1st cons M $1,726,000 gold gu "
N Y A Rock Beach 1st M 5984,000 guar p & 1.
" io
Los Angeles & Salt Lake RR —
____
Ban Pedro Low A A Salt Lake 1st M $70,000,000-0: 1,024
302
Louisiana & Arkansas— Stock 57.000,000 authorized.
302
First mortgage 57.000,000 gold (text)___ (l.xc*<5e:
Equip notes S8.0OO duo annually_________________
35
Louisiana A North West RR— Underlying M gold
115
First mortgage 510,000.000 gold,:________MSt.xc'
334
45
105
Louisiana Western— First mortgage gold..........Ce.zc
182
Louisv Hend & St Louis— 1st M 52.500.000 g o ld ..ti.
182
First Consol M 85,000.000 gold__ - ________ . . . .
Louisville & Jeff Bridge— 55.000,000_g gu p & 1
_
Louisville & Nashville— Stock §72,
155
803
176
I*C A Lex Gen mtge gold (V 63. P 1010) . . — O.xo;
45
141
141
Second mortgage gold_______________- - -
208
Southeastern A St Louis Dlv first mtge gold .
208
202
Unified mortgage for §75.000,000 g . . Ce.xc* A r
Par
Value
Amount
Outstanding
1903 $500 Ac $24,008,000
5.202.100
1917
100 Ac
900.000
1906
1,000
732.000
1914
1.000
846.000
1917
1.000
nteed.
1892
1.000 a l.262.000
1885
1.000 a 1.001,000
a883,000
1887
1.000
436.000
’86-’91
1.000
1911
1902
1914
1895
1905
1903
1897
1881
1896
1915
1895
1879
1880
1881
1880
1880
1880
1881
1881
1887
1888
Text
1890
179 1895
Rate
%
75
When
Payable
A
A
A
A
&
Last Dividend
and Maturity
S
N
A
D
A
4g
5g
4
5
414
M
M
F
J
F
5g
5g
5g
4M
C— J
A A O
M A S
Various
4 g J A
1.000 58.053.000
100 5.000.000
5g M A
1.000 5,196.000
A A
6
20.000
1,000
5g J &
100.000
1.000
5g A A
2.150.000
1.000
414 g J &
1,000 10,545.000
250.000
5g M A
500
6g J A
1.000 2.240.000
5g J A
2.500.000
500
5 g
700.000
4.500.000
4 g M A
1,000
100 72.000.00C 7 In 1917 F A
6g J A
300.00C
1.000
J A
6
1,000 dl.596.OOC
3.258.00C
1.000
4H g M A
1,000
108.00C
6g M A
6g J A
1.000 b-1 991.00C
6g J A
1.000.00C
1.000
M A
6g
1.000
3.500.00C
3g M A
1.000 e2.997.00C
M A
1.000 fl.749.OOC
5g
1C &
1.000 g4,70.5,00C
5g
4g J A
1.000 Ac Ii64.768.00(
1.000 4.000.000
4H g M A
Dividends a re Payable
Mch 11949
May 1 1937
Feb 1919-21
June 1918-24
Feb 1919-27
Treas Penn RR Co, N Y
do
do
Fidelity Trust Co. Phila
Fidelity Trust Co, Phila
Fidelity Trust Co, Phila
Oct 1 1932
Oct 1 1935
Sept 1 1927
1926-1931
Treas Penn R R
do
do
do
J July 1 1961
Sep 15’ 11 l H%
Sept 1 1927
1923
Jan 1 1945
Apr 1 1935
July 1 1953
Mch 1 1950
July 1 1921
July 1 1946
Oct 1 1965
s VIch 1 1945
A Feb 11 1918 3H
I) Dec 1 1919
D June 1 1930
N Nov 1 1931
S Mch 1 1920
J Jan 1 1930
J Jan 1 1930
Mch 1 1921
8 Mch 1 1980
N May 1 1937
N Nov 1 1931
J July 1 1940
S Sept 1 1945
S
o
J
0
J
s
J
J
s
Co, N Y
do
do
do
Ouaranty Trust C o, N Y
Checks mailed
Guaranty Trust Co, N Y
Boody. McL A Co, N Y
See text
R Wlnthrop A Co, N Y
S P Co. 120 B’ way, N Y
HU of Amer. N Y ;* Louis
New York
J P Morgan & Co, N Y
71 Broadway, New York
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
71 Broadway, New York
FOOT-NOTES— b to h See next page.
Miles.
Miles.
39
Owned, property deeded______ 4,222 Operated under contract______
Under trackage arrangements.. 221
Entire capital stock owned_________ 450
do
(owned but leased).
5
Operated under lease________ 134
Reporting Separately (Making 7,647 M les Owned and Associated Jan. 1 1917).
1
Other lines________ _____ _______
Nashville Cnatt. A St. Louis___ 983' .............
♦Georgia Railroad System______571 Owned but leased to other cos__ 21
do
Paducah A Mem Dlv__ 248
♦Louisville Hend. A St. Louis— 182
.
59
♦Chic. Indianapolis
A Louisville.622 Deduct (Incl. In trackage above)
♦ Soe separate statements for these companies.
In Oct. 1915 merged the Lexington A Eastern Ry. (211 miles), and also
minor subsidiaries with Itself. V. 101. p. 1272; V. 91. p. 1447; V. 92, p.
1701; V. 97. p. 1029: V. 100, p. 901. See Bonds below.
In 1913 purchased South A North Alabama RR. V 97. p. 729. 1287.
In Oct. 1917 the North Georgia Mineral Ry., with the same Pres, and
V.-Pres. as L. A N. was proposing to build a 50-mile line from Atlanta to
Wofford Crossing. Ga. V. 105, p. 1523.
Control by Allantic Coast Line.— Late In 1902 the Atlantic Coast Line RR.
acquired $30,600,000 of the (then) $60,000,000 stock and owns $36,720,000
of the present $72,000,000 stock, but the roads are operated Independently.
V. 74. p. 830. 1038: V. 75. p. 733. 1399.
DIVS J’01-’04. ’05-’07. 1908. '09. ’ 10 to '14. ’ 16. ’ 18. ’ 17. 1918.
Slnoe 1900 .5 y'ly 6 y'ly
■'>W 5 *■<
7 y’ly
5
6.
7
314. —
Also In 1908 1% In Louisville Property Co. stock. V. 86. p . 229. 421«
V. 102. p. 2341.
BONDS.—Ev. Rend. A Nash. 6s are drawn at 110 annually In amounts in
creasing each 5 yrs. until $150,000 per year Is reached; 1918. $150,000.
Pensacola Dlv bonds are now called $36,000 yearly. V 81. p. 265. 726’
The General Mortgage bonds of 1880 are called at 110 In Increasing amount!
each year: $688,000 was paid June 1 1917. V. 104. p. 1284.
"Unified" mortgage. $75,000,000. of which $41.917.660 was reserved to re
tire ail prior Hens (none of the prior liens can be extended), the balance for
Improvements, extensions (at tne rate of $32,000 per mile. Including equip
ment). and for other purposes. The mortgage covers (besides 1.994 miles
of road and equipment), $26,473,606 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 Jan. 1917. of $64,708.
000 outstanding. $2,155,000 was In treasury and $18,000 In sinking funds.
Mobile A Montgomery—Louisville A Nashville joint mortgage Is for
$5,000,000; $1,000,000 reserved for Improvements. V. 61. p 196, 750.
Kentucky Cerural mtge. abstract, V. 45. p. 372.
Louisville A Nashville Terminal 4j .—Jointly guaranteed, prln. and Int.,
by L. A N. and Nashv. Chatt. & St. L. See form. V. 88. p. 1313.
In 1902 the Louisville A Nashville and the Southern Ry acquired $9,
796.900 of the $10,500,000 Chic. Indianapolis A Louisv. common and
*3.873.400 of the $5.0<>0.000 pref. stock In exchange for their Joint 50-year
4% bonds. V 74. p. 1138: V. 76. p. 593. Of the $ 15.500,000 lolnt bonds
socured by deposit of this stock, $31,000 are in treasury; $1,563,000 are
I OUIS1 ANA SOUTHERN R Y *r_ 9 '?1ns Now Orleans, La., to Potnte-a-la- reserved to acquire remaining “ M onon" stock and $2,079,000 for lmpta.,
Hache, La.. 45 m.: Poydras to Shell Beach. 16 m.; total. 67 m. Steam A
c., $500,000 yearly.
for freight and gasoline motor cars for passenger service. In Juno 1916 was
The Atlanta Knoxville A Cincinnati division 4s ($50,000,000 authorized)
leased to New Orleans Texas & Mexico Ry. In Jan. 1901 tho United Ry. cover
870 miles. Of the bonds, an equal amount were reserved to retire
A Trading Co. of England acquired over 95% of the stock and bonds, that at maturity
underlying bonds, viz.: Kentucky Central 4s, $6,742,000:
company also owning the Kenilworth Sugar Estates, 10.000 acres. V. 76. Atlanta Knoxv.
A North. bonds. $1,500,000. The line from Livingston to
p. 706. Stock, $300,000; par. $100. Divs. In 1900-01. 7% ; 1901-02, Jelllco. 61 miles, Is subject to prior lien of unified mtge
V. 80, p. 872: V.
714%: 1905-06. 414%. Year ending June 30 1916, gross, $127,650; not. 84. p. 1428: V. 92. p. 1178. 1311. 1565: V. 96. p. 716. 1022.
$18,893. Pros., J. S. Pyeatt; Sec., Treas. A Aud., M . iSckort. Office.
Or the South A North Alabama RR. general consol. 5s ($25,000,000 auth.
New Orleans, La.— (V. 95. P- 618.)
Issue). $7,400,000 have been sold, guar., prln. A int., by the L. A N.;
LOUISIANA WESTERN KR.— (Ses Mnp oj Southern Pacific).— Owns $10,000,000 are reserved to retire the 1st 5s of 1886; remainder for Im
from Lafayette. La., to Sabine River. 105 miles; Abbeville to Mamou. 68 m : provements. equipment. Ac. V. 98, p. 454, 156. 1001.
The subsidiary Lewlsburg A Northern RR. In Sept. 1915 made a mort
Mallard Jet. to Lake Arthur. 34 m.: total, 208 miles. Operated Indepen
dently. Southern Pacific owns all the $3,360,000 stock. Dividend on gage to secure $15,000,000 50-year 5% bonds, of which $8,267,000 to pay
ror construction and $6,743,000 for further construction and Improve
stock in 1905-06 and 1906-07, 10% yearly; In 1907-08 . 85%; in 1908-09
20% ; 1909-10 and 1910-11, 15%; 1911-12. 10%: i 9 12- l 3 . 10%: 1913-14, ments. On Jan. 1 1917 none heid by public. V. 101. p. 846. 1272.
Lexington A Eastern 5s were assumed In 1917 (authorized, $20,000,000).
10%; 1914-15, 10%; 1915-16. 15%. In 1915-16. gross. $2,441,952; net
Income, $930,717: dividends 0 5 % ) . $504,000; charges, $249,704; surplu*. V. 100. p 1438: V. 101. p. 1272 V. 102. p. 1163; V. 104. p. 1489; V. 100,
p. 296. 596.
$177,014. In 1914-15. gross. $2.186.600.— (V. 105. p. 1210.)
FINANCES.— In June 1916 the dividend rate was restored to 7% . V.
LOUISVILLE HENDERSON & ST. LOUIS R Y .— ROAD.— Louisville 102. p. 2341. Dlv. on Nashv. Chatt. A St. Louis Ry. stock ($11,484,100
to Henderson, K y .t 144 miles (including 6 miles trackage); Irvington to owned)
was raised from 6% to 7% basis In 1916. V. 102. p. 251.
Fordsville, K y., 44 miles; L. & N- trackage, Henderson, fcy., to KvansE A R N IN G S — 11 mos., 11917.-Gross, $70 040,801: net (aft.$20 514.651
ville, Ind., 12 miles; total. 200 miles. Louisv. & Nashv. on Dec. 31 1916
Jan. 1 to Nov. 30.
\1916--Gross, 58,971,086: rents)
19.893.163
owned $1,524,662 of the $2,000,000 5% non-cum. prof, and $1,724,662 of
tho $2,000.000com. (par $100). V. 94, p. 207; V. 95. d . 1274; V. 96. p.653.
REPORT.— Year 1916. V. 104, p. 1393: 10 mos. to Oct. 31. V. 106, p.
In Oct. 1915 filed a $5,000,000 1st consol. M . bond, $2,710,000 reserved
to retire 1st M. 5s at maturity; $700,000 sold forthwith and $1,690,000 re
— 10 Mos. end. Oct. 31--------Years ending Dec. 31—
served for future extensions and additions. V. 103, p. 1882; V. 101. p.
1917.
1916.
1916.
1915.
1370. There are $120,000 414% equipment notes of 1912, Sorlos A. due Railway revenues____ ..$62,753,636 $53,037,789 $64,928,120 $54,026,979
$30,000 yearly Sept. 1918 to 1922 and (Dec. 31 1916) $110,000 rnisc. oblige. Not. after taxes. A c____ $15,643,910 $16,299,663 $20,439,866 $13,275,690
Add— Hire of equipment $2,912,375 $1,512,967
1.970.088
918.124
EARN ING S.— 11 mos.,(1917-----Gross. $2,034,737; not (after $518,330
Rents, A c.................... deb.192.728 deb.191.624
884.959
944.284
Jan. 1 to Nov. 30.
\1916----- Gross. 1,596,337; rents)
383,737
Dividend Incom e__ (
( 1.182.797
764.133
R E PO R T .— For year ending Dec. 31 1916, V. 104. p. 2445.
Inc.from fund.secursi 2.449,033
______ ]
404.114
328.774
Cal. Yrs.—
Cross.
Net.
Other Inc. Int.,Rents,&c. Surplus.
685.306
808.147
do unfund, sec., A cl
1 9 1 6 .......... $1,751,114
$528,730
511.748
$282,717
$257,731
1915 ........... 1.447.836
294.166
6,689
249.955
49,900
............. $25,689,971 $16,916,312
Gross
Incom
e_______$20,842,590
Pres.. R. N. Hudson.— (V. 103. p. 1301, 1882; V. 104, p. 2235. 2445.)
........... $1,006,619 $1,066,165
Deduct— Rents, A c____
$853,270
...........
7,621.067
7.618.878
LOUISVILLE & JEFFERSONVILLE BRIDGE CO.— One-half mile
Int. on funded d e b t.. 6.256.765
long; approaches 2 miles; overhead viaducts 1 14 miles. with connecting linos
...........
99.474
94.367
Sinking funds, A c___
62.673
.......... (7)5.040.000 (5)3.600.000
in Louisville; 40 acres In Louisville aud about 60 acres In Jeffersonville.
Dividends...............(314)2.520.000
Stock, $1,426,000: mtge. for $5,000,000; bonds for $500,000 are reserved
for future construction, Ac.; the bonds are guaranteed Jointly and severally
Balance, su rplus...$11,149.882
...............$11,922,810 $4,536,902
by tho Chesapeake A Ohio and Cleveland Cincinnati Chicago A St. Louis, In
OFFICERS.— Chairman, Henry Walters, Balt.; Pres., M. H. 8mlth,
whose lntorest the stock Is owned, and any deficit Is payablo In the propor and 1st V.-P., W. L. Mapother, Louisville; 2d V .-P., E. L. Smlthers, N. Y .
tion of one-third and two-tblrds respectively; see V. 60, p. 130; V. 61, p. Office. 71 B’way. N. Y .— (V. 106. p. 296. 396. 499.)
327. 669; V. 62. p. 84.— (V. 89. P- 629.)
LYKENS VALLEY RR. & COAL CO.— Owns from Mlllersburg, Pa.
LOUISVILLE & NASHVILLE RR. —(.See M ap.)— ROAD.— Operate# to Wllitamstown. Pa., 19 miles. New lease to Northern Central for 99
main line, Cincinnati, O., to Now Orleans, La., 921 m.; branches to St. years from July 1 1910 provides for annual rental of $24,000 (equal to 4%
Louis, Memphis, A c., 4,160 m.; total. Dec. 31 1916, 6,071 miles, via.:
on stock) organization expenses and taxes. V. 92, p. 527.
In Apr. 1917 took over the Black River Branch (St. Louis Iron M tn. A
So. Ry7) for exclusive operation botwoon Wildsvillo, La., and Concordia,La.
D IV ID E N D S.— 1906 to 1909,3% y ’ly; then to Sent. 15 1911,2 H % y'ly.
Nono since to Jan. 1918, the surplus funds having been applied to better
ments and sinking fund. V . 102, p. 153.
BONDS — The unissued first 5s (total limited to $7,000,000) are reserved
for betterments, equipment and extensions, of which $1,000,000 reserved
for bridges across Black and Red rivers, and the balance limited to $20,000
ner mllo of completed railroad. The entire amount outstanding, but no
Dart Is subject to redemntlon at 110 and Interest on anv Interest date
Annual sinking fund $75,000 per ann. to buy bonds at 110 and Int., or under;
otherwise, to bo invostod. Of tho $5,196,000 Issued June 15 1917, $851,000
wero hold ailvo In tho sinking fund. See V. 101, p. 2071.
R E PO RT.— For year ending Juno 30 1916, see V. 103. p. 1787. Re
sults for 1917, as reported to Inter-State Commerce Commission:
Prea.,Wm.Buchanan .Texarkana, Ark.— (V. 103, p.666. 1687,1787.1888.)
Year—
Gross.
Net.
Charges,Ac.
Balance.
1917 .............................$1,658,042
$417,858
$315,767
$102,091
19161............................... 1,570,948
424,814
301.293
123.522
LOUISIANA & NORTH WEST R R .— Owns Magnolia, Ark., to Natchi
toches, La.. 115 m.; trackage. Magnolia to McNeil, 6.4 m. On Aug.22
1913 Geo. W. Hunter was appointed receiver. V. 97, p. 521, 595.
Stock out. $2,300,000; par. $100. Of 1st 5s of 1905 ($10,000,000 auth.
Issue), $150,000 Is reserved to retire the old bonds. V. 82. p. 628; V 85.
D. 1462. Car trusts Jan. 21 1918, $19,900: loans and bills payablo, $750.
853. For vear ending June 30 1916 (fiscal year now ending Dec. 31) gross,
$273,137; net. $21,937; 1914-15, gross $245,039; oper. der. $17,147: int .
taxes, A c.. $151,076: def.. $168,223. Receiver. Geo. VV. Hunter. St.
Louis; Counsel, W . E. Ilemmlngway, Little Rock, Ark.— (V. 97. p. 521.
695.)
LOUISIANA R Y . & NAVIGATION CO.— Owns New Orleans to
Bhroveport, La., 303.90 miles; Aloha to WInnfleld, 27.60 m.; McNoely's to
Gravel Pit. 2.84 m.; total. 334.34 miles. Stock auth., $12,000,000: out
standing Doc. 31 1916. $8,131,000; par, $100. In June 1917 company had
beon paying original 1% Federal income tax, but was doubtful abou
further amounts beyond the 1%. Jan. 1 1917, equip, obligations. $26,300
EARN INGS.— 11 mos.,(1917----- Gross, $2,246,001; net (after $438,902
395.489
Jan. 1 to Nov 30. \‘1910___ Gross, 1.929.744; rents)
Net.
Other Inc. Int., Ac. Bat., Def.
Year ending—
^ Gross.
$673,983
$14,023
$700,309
$12,303
Doc. 31 1916...............
667,245
12.969
746,149
66.936
Juno 30 1916...............^.180.030
487,968
Juno 30 1915............... 2.023,698
Pres. Wm. Edenborn, Hibernia Bldg., New Orleans; V .-P ., H. B. Helm,
Treas. A . M . McFarlin. Shreveport; Sec., J. J. Tlppln.— (V. 99. p. 1748.)
Feb., 1938.]
R A IL W A Y STOCKS A N D BONDS
RAILROAD COMPANIES
lFor abbreviations, &c., see notes on first pace]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
77
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
L ouisville & Nashville (Concluded)—
Pen & At 1st M gold drawn 110 assumed______xo*
160
Henderson Bridge Co 1st M gold drawn 105.Ce.xo*
10
Nashv Flor & Shed 1st M g assumed In 1900.Ce.zc
105
Paducah & Mem Dlv 1st M 55,000,000 gold. Ba.xc*
254
Sou & Nor Ala 1st M(V 97, p 1204, 1426)g-guCe.xc*
202
Gen cons M 525,000,000 g guar___ Us.xc*&r*
202
Newp & Cln Br 1st M g s t assum gu by Penn Co.F.x
L & N-SoJ’ tM 57.750.000 red 105 since’0 7 -G.xc'&r
Lexington & Bast 1st M 120,000,000assumed N.yc*
213
Kentucky Central 1st M (57,000,000) gold.-M p.zc*
247
228
Atlanta Knoxville & Northern first mtge gold.Ce.x
228
Atl Knoxv & Nor consol M gold 510,000 p m.Lls.x
L & N— Atl K & C Dlv M 550.000,000..Us.xc*&r*
870
L & N Term M 53,000,000 gold guar Jointly .Ba.xc*
Equlpt certs g ser A due $325,000 s-a_____FL.xc*
Louisville New Albany & Chicago— See Chicago India napoll
19
Lykens Vail RR & Coal Co— Stock— Rental pays4%
97
Macon & Birmingham— First M $500,000 g __ OB.xc
Macon Dublin & Sav— 1st M $1,840,000 g gu . . . N.c*
93
Macon Term inal— 1st M $3,000,000 g gu.Colc*&r*
Mahoning Coal RR— Stock, Common______.________
Preferred stock (see t e x t ) .........................................
First M Youngs to And &c guar n & 1 (end) ..U n .zc
Maine Central— Com stock and scrip ($15,000,000).
Pref stock 6% cum non-voting, $3,000,000...............
Collateral trust bonds for Mt Desert Branch.AB.zc
41
1st & Ref M $25,000,000 ($6,000,000 callable J’ ne 1
’ 18 & $7,000,000 Doc 1 r18 at 102 & ln t...c*& r*
Maine Central Eur & No Am refunding mtge gold.z
56
48
First M Penobscot Shore Line R R Co assumed__ z
48
K & L 2d M (for $400,000) assumed_________ BBz
Washington County 1st M per mile g gu red.Ce.zo*
139
42
Somerset Ry Consol, mortgage $420,000 gold------- z
First and refunding mtge $1,500,000 gold ..A B z
94
1881
$1,000 $1,244,000
Aug 11921
6g
71 Broadway, N Y City
1881
1,000
726.000
Sept 1 1931
do
6B
1887
1.996.000
1,000
Aug 11937
§ 8
do
1896
1,000 r4,619,000
Feb 1 1946
|8
do
1886
1,000 t9.292,000
Aug 1 1936
58
do
1913 1.000 &c
7.400.000
& o Oct 11963
5g
do
1895
1.358.000
& J July 1 1945
1.000
4X 8
do
1902 1.000 <5cc n5,898,500
4g
July 1 1952
J P Morgan & Co, N Y
1915
1,000 v7,850,000
Apr 1 1965
5
8
1887
1,000 J6.703.000
July 1 1987
48
71 Broadway, New York
1896
1,000
999.000
Deo 1 1946
68
do
do
1902
500.000
1,000
Mch 1 2002
4
8
do
do
1905 1.000 Ac u24 745,000
& N May 1 1955
48
do
do
1902
& D Dec 1 1952
1,000 2.500.000
48
do
do
1913
Sc D J une’18-June’23
-----1,000
3.575.000
5g
do
do
s <3c Louisville.
20
r &
4
699,120
Jan 2 1918 2% Office Broad St Sta.Phlla
1896
r &
1,000 • 500,000
July 1 1946
No coupons ever paid
e 8
1907
r &
1,000 • 1,529.000
Jan 1 1947
5g
New York Trust Co, N Y
1915
1.000
July 1 1965
r &
1.600.000
5g
Columbia Trust Co, N Y
50
1.500.000 See text. ? &
Feb 1 1918 10% Grand Cent Term, N Y
50 ■ 661,367
r &
Jan 2 '18 2H % Union Trust Co, N Y
5
1884
1,000
July 1 1934
1.500.000
r &
5
do
do
100 14,888,400 6 In 1917 Q— J Jan 1 1918 1J$ Office, Portland, Me
100 3.000.
Q—M Dec 1 1918 1X
0005
1883
1,000
J & D June 11923
636.000
5
American Trust, Boston
1915 1.000 &c 13,000,000
& D Dec 1 1935
N Y , Boston & Portland
4
X
1893
1,000
& J Jan 1 1933
1.000.
0004 g
do
do
1890
1,000
& A Aug 11920
1.300.000
4
N Y , Boston & Portland
1891
1,000
400.000
& A Feb 1 1921
5
do
do
1904
1.000 2.500.000
& J Jan 1 1954
N Y , Boston & Portland
3X 8
1900
500 &o
172,500
Nat Shaw Bank, Boston
& J2 July 2 1950
48
1905
1.000
864.000
& J July 1 1955
Amer Trust Co, Boston
4g
e$3,00 0 , f$l 5.000 g$4 24,000 h$2. 156,000 i $38,000n $15,500 r $217, 000 t$708,000 u $1,249,Also In treasury Dec. '16 b $9,000. d $11,000.
000. v A further $1,973,000 was In L. & N . treas ury In Jan. 1 918.
MACON & BIRMINGHAM RY.— Owns SofkeeJJct. to La Grange. Ga..
96.87 miles. 7.03 miles of G. S. & F. Ry. and 1.10 mile o f O. o f Ga. Ry.
between Sofkoe and Macon operated under trackage rights. V. 101,
p. 449. In 1908 a receiver was appointed; now John B. Munson. V. 86
p . 337. In year 1916-16, gross. $148,451; not, $8,704; other Income, $954;
Int.. hire equip., &c., $14,631; bad., def., $4.973.— (V. 101, p. 449.)
MACON DUBLIN & SAVANNAH R R .— Owns road from Macon to
Vldalla, Ga., 92 miles. Stock, $3,200,000 auth.; outstanding, $2,040 000
(par $100). Seaboard Air Line Ry. guarantees bonds, prin. and Interest.
Bonds, Series 1506 to 1529 lncl.. have clause ‘ ‘Federal Income tax. If any
on same. Is to be paid by purchaser." V. 89, p . 43; V. 84, p. 102. 450
For year ending Dec. 31 1916. gross, $490,655; net, $156,976: Interest
rentals, &c., $112,793; bal., sur., $26,690. Pres., James A. Blair Jr
N . Y .; Sec. & Treas., J. R. p’rlnk.— (V. 100. p. 1078.)
*
M A GO N T E R M I N A L C O .— Building, tracks. &c.. a t M acon, Ga., com
pleted and Is usod by Central o f Georgia, Georgia Southern & Florida and
Southern Ry. (all linos ontoring M acon), which own the $100,000stock and
guarantee the bonds, prin. and Int., by endorsement. Rental on wheelaire
Basis covers Int. on bonds and all charges. Of the 1st 5s ($3,000,000 auth
Issue), $1,600,000 has been sold. V. 101, p. 1886.— (V. 101, p. 1886.) *
M A H O N I N d C O A L R R . — Owns from Youngstown to Andover. O. , knd
branches, 71 miles. In December 1907 purchped a one-half Interest in
the Lake Erie & Eastern R R . In Youngstown, &c.
Leased In perpetuity for 40% o f gross earnings to Lake 8hore (now N . Y
Central), which Jan. I 1917 owned $865,900 com. and $399,500 pref. stock
DIVS.— 1’92. ‘93. 94. '95-06. ‘07-09. TO. 'l l . T2. T3. ‘ 14. 15. 16. •17
On c o m ./8 h 8
8 10 yrly 12 yrly 66 70 20 70 60 60 50 30
Dividends 1915 to Feb. 1918, 20% yearly (10% s.-a. with 30 extra in
Juno or July.
__
,
The prelerred stock certificates are 6% guaranteed and contain a clause
making them redeemable at par at option of company.
Year ending Doc. 31 1916, rontal and other income, $1,729,410; surplus
over Int. and 50% on com. and 5% on pref., $868,338.— (V. 106, p. 601.)
MA IN E CENTRAL R R .— (SeeMan.)— Portland to Vanceboro, M o., via
Augusta, 267 m. (lncl. trackage Portland to Falmouth, 7 m .); branches
Royal Jet. to Skowhegan via Lewiston, 90 m.; Bath to Lewiston and Farm
ington, 79 m,; Oakland to Klneo Sta.. 91 m.: Portland and Rumford Falls
System, 103 m.; Oquossoc to Kennebago, 11m .; Bath to Rockland lncl
ferry (0.60 m .). 49 m.; Belfast, Harmony, Foxcroft, Bucksport and M t
Desert, lncl. ferry (7.7 m .), 157 m.; Washington County, 139 m.; Portland
to 8t. Johnsbury, v t., 138 m. lncl. trackage, 0.11m. St. Johnsbury Sta
and 8.27 in. from Portland Union Sta. to Windham Line. M e.: Quebec
Jet., N. H ., to Lime Ridge, P. Q., 108 m.; total June 30 1917, l,216TnileA
o f which 656 owned, 545 operated under leases. 15 trackage and 8 ferry ’
In 1911-12 purchased entire stock of Sandy River & Rangeloy Lakes RR
(101 miles), and Bridgeton & Saco River R R ., 21 miles; both lines 2-ft!
gauge, and now inclined In Maine Central system,
8TOOK.— The stockholders in 1915 authorized retiring $10,000,000 of
the outstanding stock and Issuing in place thra-eof $3,000,000 5% non-voting
cum. pref. stock and $7,000,000 First & Ref. 20-year 4H s. V. 101, p. 923*
1370, 1465. The common stock was thus reduced to $14,907,617. See
bonds bolow. V. 101, p. 1628. 1714. The majority Interest In the stock
formerly owned by the Boston & Maine was all disposed o f In 1914-16
through the Malno Railways, and trust wound up. V. 98, p. 312 I0 7 l’
V. 102. p. 1250; V. 103. p. 1407.
’
DIV ID E N D S— f ‘04-’06.
’07. '08-'10. *11.
1912 to Jan. 1918
On common stock_(,7 y ’ly.
7U. 8 y ly.
7H
6 yearly
q .j )
BONDS.— Tho 1st & Rof. M . made In 1915 (see abovo) Is limited to
$25,000,000; $6,000,000 wero issued to r®t*r® 56-000,000 notes of 1919
(called and paid o ff at 10214 May 1 1916);$1,700,000 are reserved to retire
other underlying bonds; $5,300,000 were Issuable for any lawful purposo
and tho remaining $5,000,000 may be issued only for improvements when the
earnings are 1>5 times all interest charges, including the bonds to be Issued
A first mortgage on about 320 miles o f road, Including the line running from
Portland to Bangor and on entire stock of Portland Term. Co. and a
second mortgage on about 88 milas. Amount outstanding was increased
in April 1916 from $7,000,000 to $13,000,000 to rotiro aforesaid note issue.
V. 102. p. 976, 1163, 1250. All bonds duo July 1 1917 were paid off
rn Feb. 1918 no now securities had been sold to replace the Improve
ment bonds $250,000, and Somerset Ry. 1st 5s, $225,000, due July 1 or
Dexter & Newport R R . 4s, $176,000, due Sept. 1.
* A‘
,?r,e„ ftIs0. 5102,000 Maine Shore Line 6s assumed, due 1923; also
$33,500 Belfast & Moosehead Lake mtge. 4s (not tax-exempt), due 1920
not guaranteed, Int. and sk. fd. paid out o f rental; And. & Ken stock
bonds $11,000. exchangeable Tor M . O. stock; the A. & K. stock bonds are
included In the above outstanding stock. V. 95, p. 1332.
Guarantees bonds o f Portland Terminal Co. See that company.
EARNINGS.— 12 mas., Jan. 1 to Dec. 31:
1917.................. ........... Gross, $14,125,577; net (after taxes), $2,722,379
1916------------------------- Gross, 12,824,676; net (after taxes), 3,402 597
Increase In passenger rates auth. in 1917 to 2 % cts. per mile, mileage
books 2>4 cts. V. 105, p. 1802.
ANNUAL REPO RT.— Year ending June 30 1917, V. 105, p. 1303, 1316:
~
1916-17.
1915-16.
1914-15.
1913-14.
Operating revenues------$13,632,798 $12,001,673 $11,350,423 $11,833,989
Net, after taxes, &c------$3,254,100 $3,171,505 $2,561,482 $2.536 886
Other income.................
462,877
621,332
806.579
601 817
Gross Income
$3,716,977 $3,792,837 $3,368,061 $3,138,703
$735,767
Interest on funded debt.
$827 351
$550,381
$362,549
1,499,461
1,322,048
Rents, & c . . .............
1.239,651
1.428,093
Invest t in phys. p ro p ..
371,726
198,628
74,643
Common dividends...?6% )720,888 (7)1.036,123 (6)1.483,002 (6)1,491*797
...........
........
Preferred dividends— (5% ) 150,000 (2>4)75,000
Balance, sur. or def.__sur.$324,964sur.$247,858 sur.$20,384def.$143 736
Year now ends Dec* 31, Pros., Morris McDonald.— (V. 105, p. 1802*)
MANCHESTER & LAWRENCE R R .— Owns from Manchester, N . H .;
to Methuen (State line), 23.4 m.; side track 9.2 m., total, 32.6 m. Leased
for 50 years from Sept. 1 1887 to Boston & Maine at rental paying 10% d ir.
In 1895 a div. o f 50% paid from proceeds of C.& M.suit.— (V.73, p. 1264.)
MANHATTAN RY. (ELEVATED).— Owns all the elevated railroads In
boroughs of Manhattan and the Bronx, N. Y. City, main line and branches,
37 H miles, double-tracked, with 42 W miles additional third track, sidings,
&c.; total track, 118 miles; 3d rail electric. The 2d, 3d and 9th Ave. lines,
under agreement with the city made In March 1913, had In Jan. 1916 been
largely 3-tracked. See Interborough Rapid Transit Co.
LEASE.— The Interborough Rapid Transit Co. leases the road for 999
years from 1875, guaranteeing 7% p. a. on the stock. V. 75, p. 1202, 1302;
V. 76, p. 212; V. 79. p. 2456; V. 95, p. 791. Guaranty. V. 76. p. 480.
BONDS.— Consols beyond $40,000,000 may be Issued for extensions at
$300,000 per mile of single and $600,000 per mile of double track. Of the
bonds, $12,712,000 are tax-exempt. After all the $5,409,000 2d M . bonds
have been issued, all further capital expenditures must be financed by the
Interborough R. T . C o. This mortgage Is made superior In lien to the
lease. V. 103, p. 1118. V. 51, p. 248; V. 87, p. 285.
In Feb. 1916 $4,523,000 4% 2d M . bonds were sold to reimburse the Inter
borough R. T . Co. for Improvements and additions furnished under lease,
&c. Tho 2d mtge. is made superior in Hen to the lease to the Interbor
ough. V. 103, p. 1118; V. 102. p. 609. 712. 800: V. 97, p. 1115, 1504.
To 1898 claims aggregating $8,847,854 had been paid as damages to
abutting property. In 1907-09 Dald franchise tax 1900 to ‘08 ($4,876,545).
Report (June 30 Yrs.)
1916-17.
1915-16.
1914-15.
1913-14.
Grass oper. revenue------$18,411,254 $16,534,276 $15,589,948 $15,954,838
Not. after taxes............. 7,875,689 7,563,324
7,160,098
7,528,843
Gross Incom e................... 7,9.51,279 7,676,705
7,299,223
7,588,556
Interest & rent paid____ 2,605,099 2,083,475
1,682,657
1,682,657
Dividends (7 % )............ 4,200,000 4,200,000
4,200,000
4,200,000
Balance, surplus------- $1,146,180 $1,393,230 $1,416,566 $1,705,899
Pres., Edgar L. Marston; Vice-Pres., John H. McCIement; Sec. and
Treas., D. W. McWilliams: Asst. Sec.-Treas., P. V. Trainque.— (V. 103.
p. 111$, 1210; V. 106, p. 499, 601.)
MANILA RR.— (Gauge, 3 ft. 6 in.)—This company, organized In New Jer
sey In 1906, has taken over and Is operating the only steam road on the
Island of Luzon, Philippine Islands, 550 miles (V, 88, p. 1313: V. 91. p. 215J
In operation Sept. 1916, 315 miles o f Northern lines and 279 miles
Southern linos. Additional mileage has been under construction.
In 1916-17 the Philippine Govt, purchased all the outstanding stock for
$4,000,000 cash. V, 103, p. 939, 1031; V. 102, p. 609, 251, 2166.
BONDS.— The Manila R R . (Southern Lines) 1st gold 4s of 1909, guar
anteed as to Interest by the Philippine Governmnt under Act of U. S. Con
gress, are limited to $30,000,000, of which $13,714,000 have been Issued.
The bonds were redeemable as|a whole at any time at 110 or by lot for a sink
ing fund of H of 1% yearly from May 1 1919 to Apr. 30 1928. and 1% yearly
thereafter. V. 91, p. 215, 276, 717, 1711: V. 93. p. 45. The plan to extend
these bonds with Increased sinking fund failed of support. V. 104, p. 1801;
V. 105, p. 1802, 1898.
In June 1916, under agreement of sale ratified Sept. 8 1916, $4,330,000
Northern Lines First Mtge. 6% bonds and $7,716,000 2d Mtge. 7% bonds
wero cancelled as of July 1 1916. In lieu thereor there were issued $13,
236,000 Manila RR. Co. Refunding Mtge. 5% 40-year gold bonds, dated
July 1 1916, a first lien on the Northern Lines and, subject to the Southern
Lines First 4s, a lien on the Southern Lines. The entire issue is held and
pledged by the Manila Ry. Co. (1906), Ltd., as below stated.
It was also arranged to apply not over £590,000 of the $4,000,000 pur
chase price to paymont of loans of Manila Ry. (the English co.), canceling
the A & B deb. stock pledged therefor and so reducing the nominal issues
of Its dob. stock (and bonds) to theamounts theretofore sold, viz., £2,000,000
Class A 4% and £1,880,000 Class B, the Interest rate on the latter being re
duced from 4% to 3)^ % . The A and B Issues thus to be first and second
charges, respectively, on the $13,236,000 new 1st M . 5% 40-year bonds of
the American co. and on about $2,000,000 Southern Lines 1st M . 4s. See
also V. 102, p. 2166; V. 103, p. 145. 493, 1032; V. 103. p. 1888.
REPORT.— Report for cal. year 1914, In V. 101, p. 842, showed: Gross,
$2,496,367: net, aftor taxes, $1,011,430; other Income, $157,188; charges,
$1,227,061: bal., def., $58,444.
Eugene E. Reed is President and L. F. Goodale Secretary. both o f Manila.
N. Y. representative, O. A. De Witt, counsel, 1530 Whitehall Bldg.—
(V. 104, p. 1801; V. 105. p. 1802.)
MANISTEE & NORTHEASTERN RR.— Owns from Manistee, Mich., to
Traverse City, 71 rn.: Solon to Provemont, 15 m.; Platte River to Empire,
Jet., 17 m.; other, 80 m.; sidings and spurs, 53 m.; leased, 1 m.; operated
under contract, 6 m.; total, 243 miles. Stock, $2,000,000.
Of the bonds ($1,500,000), $40,000 mature Jan. 1 yearly from 1912 to
1938. Sinking fund of 50% of surplus Income, beginning July 1 1910. Is
to be used to call bonds by lot at 102 K and Interest until $1,000,000 have
been canceled. V. 88, p. 375. 823; V. 90. p. 1363.
EARNINGS.— 11 mos., (1917.Gross, $440,137; net (aft. rents), $31,184
Jan. 1 to Nov. 30. \1916_Gross, 470,789; net (aft. rents), 86,287
REPORT.— For year ending Dec. 31 1916—see V. 104, p. 1489.
Cal. Year—
Gross.
Net.
Charges. Oth. Inc.
Balance.
1916__________ $517,309
$98,143
$67,883
$652
sur.$30,913
1915.................. 469,797
63.623
71.702
2.374
def.5.706
Pros., Edw, Buckley, Manistee, Mich.— (V. 102, p. 1436; V. 104, p.1489.)
MANISTIQUE & LAKE SUPERIOR RR.— Manlstique. Mich., on Lake
Michigan, northerly to Evelyn. 42 m.; branch to Doyles, 15 m.; V. 81, p.
975; V. 87. p. 97: V. 89. p. 470. The Ann Arbor RR. In Apr. 1911 ac
quired the entire $250,000 stock. V. 92 p. 1109. Bonds auth., $1,300.
000 25-year 4% non-cum. incomes. On D ec.31 1916, gross, $142,904; net.
$37,724; other income, $735; taxes, rentals, &c.. $18,066; bal., sur., $20,
393. Pres. & Gen. M gr., Alfred W . Towsley, Toledo, O.— (V. 92, p. 1109. )
Feb ., 1918.]
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first paoe. ]
Maine Central (Concluded)— Guaranteed Issues—
Portland A Ogdeusburg stock (2% rental 999 yrs) —
1st M g uar prln A Int end (V 80, p 1285)_______ 2
Dexter A Piscataquis stock 5% rental 999 years..
First M Dexter to Foxcroft Ac guar byen d..B B z
Hereford Ry stock (rental 999 years)____________
First mortgage guar prln and Int (endorsed)__ z
Upper Coos RR stock 6 % rental 999 years________
1st M and Exten M ($093,000 4K*) guar p A l.z
Dexter A Ncwportstock 5 % _____________________
East Maine stk 4 K % rental 999 years____________
Portland Union RySta series “ A ” A "B ” (text).s fz
Portland Term now M $10,000,000 g gu xc*Ar (text)
Portland A Rumford Falls RR— See that company
Manchester & Lawrence— Stk 10% rent till ’37 B A M
Plain bonds (not mtge) int guar by B A M .........zc
Manhattan (Elevated) R y , N Y— Stock $60,000,000..
Manhattan Kiev cons (now 1st) mtge gold.Cc.xc* Ar
Manila— 1st M Sou Lines g Int gu s f'rcd 110F— xc* Ar*
New 1st M A Rof on Nor Lines $13,236,000 ------Ce
Manlstiuue & Lake Sud— Inc M 4% n-c $1,300,000 .z
Manist & N E— 1st M g due 40M y ’ly red text.CC.xc*
Manltou & Pike’ s Peak R y — 1st M $500,000 g.-F .xc*
Manitoulin & North Shore^Sce Algoma Eastern R y ..
Marlon & Rye Valley Ry— First mortgage-----------x
Md Del A Va— 1st M $2,000,000 auth gold guar _.xe*
Marshall & East Texas— 1st M gold call 102 ..SSt.xc*
Maryland & Pennsylvania— York & Peach Dot
First mortgage $ 1,200,000 gold call at 105-MeBa.xc*
Income mortgage $900,000 4% cum call p ar.. MeBa
Notes $500,000 gold rod 102 K .................MeBa.xc*
Maryland A Pa Ter 1st M $200,000 ggu red llO -.x x
Mason City & Ft Dodge— 1st M g -------------- .Ce.xoAr
Massawipoi— vStock guar same dlv as Conn <5c Pass—
McCloud River— First mortgage $1.200,000------------ x
Mcadville Conncaut Lake & Linesville— First m tge..z
Mem Dal&O— IstArefM$3.600,000g red textMStxc*
•Mem Paris A Gulf— 1st M gold red 103 begin 1919.x
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
110
$100
110 1908
1.000
17 ___
100
17 1889
1,000
53 ___
100
53 1890
1,000
55 ____
100
55 1890
500 Ac
14 ____
100
19 ___
100
__ '57-’89
1,000
. . . 1911 1,000 Ac
22 ____
100
__ 1892
1,000
37 ____
100
37 1890 1,000 Ac
37 1913
1909 1,000 Ac
1917
__ 1916
1,000
68 1909
1,000
text 1909
1,000
9 1908
1,000
18
77
92
40
80
80
...
- __
378
37
- __
22
...
...
1902
1905
1911
1882
1901
1901
1913
1906
1905
____
1907
1891
1913
1908
When
Payable
Rate
%
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
$4,392,538
2
2,119,000
4K
122,000
5
175,000
4
800,000
4
800.000
4
350.000
6
1,0-13,000 4 A 4H
122,000
5
200,000
4K
300,000
4
4g
4,500.000
Q - -F
M A
J A
J A
M A
M A
M A
M A
J A
M A
J A
J A
28 Feb 28 '18 K %
N Nov 1 1928
J Jan 1 '18 2 K %
J July 1 1929
N Nov 1917 2%
N May 1 1930
N Nov 1917 3%
N May 1 1930
J Jan 1918 2 K %
N N ov 1917 2 K %
J July ,27-Jan129
J July 1 1901
Maine Cent Off, Portland
N Y, Boston A Portland
Office, Dover, Me
Bos Safe Dep A Tr Co
Treas office. Portland
N Y , Boston A Portland
Office, Portland, Me
N Y, Boston A Portland
Treasurer’s office, P’tl’d
Office, Rook land. Me
Fidelity Tr Co, Portland
do
do
1.000.000
274,000
60.000,000
40,684.000
4,523.000
13,714,000
See text
Pledged
1,100,000
1.172.000
500,000
M A N Nov 1 1917 5%
J A J Jan 1 1922
Q— J Jan 1 1918 I K
A A Q Apr 1 1990
J A D June 1 2013
M A N See text
M A N May 1 1959
J A J July 1 1956
M A S Aug 1 1934
J Jan 1919-1939
J
A A o Oct 1 1928
Manchester, New Hamp
Bost A Me R R , Boston
165 Broadway, N Y
do
do
do
do
Philippine Nat. Bk.
do
do
New York
Detroit
N Y A Grand Rapids
New York and Chicago
10
4
7
4 g
4 g
4 g
4
Up
5g
to
5e
62
4
500
175,000
fl
1,000 2,000.000
52
1.000
5 g
1.180.000
50 Ac
202.450
5
1.000
897.000
4 g
1,000
900,000 See text
100 Ac
300.000
6 g
1.000
200.000
52
1,000 12,000,000
4g
100
800.000
6
1.000
1,200,000
5
1.000
5
200.000
1,000Ac
See text
6g
1,000
420,000
62
MANITOU & PIKE’S PEAK R Y.— Manltou, Col., to summit of Pike’s
Peak, 8.9 miles- standard gauge. Operated from April to November yrly.
Stock, $500,000: par of shares. $100. D lv.. 40% paid In 1913-14: 1915,
Sept., 10%: 1910, none. Int. on bonds paid regularly to date Juno 1 1917.
For year ond. Dec. 31 1916, gross, $61,812; not, loss, $710; other income,
SI ,399; Int., $25,000. taxes, $4,323; bal., def., $28,634. P re s.,0 . W . Sells,
Manltou, Colo.— (V . 89. p. 847.)
MARION St RYE VALLEY R Y.— Owns Marion to Sugar Grovo, Va.,
18 miles. A reorganization In June 1900. Controlled by United States
Spruce Lumber Co. Stock. $100,000. par, $100. Dividend 1915, 6 %.
Bonds $175,000 6s, see table above. V . 00, p. 1472. Year ending Juno 30
1916, gross. $86,138; nut. $33,291; int., Ac., $22,392; bal., sur., $10,899.
Pres. A Gen. Man., J. C. Campbell; Tress., L. A. Amslor; Aud., 13. 8 .
Charlton, Marlon, Va.; C. H. Miller, Fairmont, Va.— (V. 95. p. 1472.)
MARSHALL A EAST TEXAS RY.— Owns from Elyslan Fields, 18 miles
south of Marshall Tex., on Tex. & Pac.. to WInnsboro, on M. K. & T. 92 m.2 branches, 4 miles. On Jan. 25 1917 Bryan Snyder was mado receiver on
application of St. Louis Union Trust Co. V. 104. p. 452, 1899; V. 105. p.
389, 498. Freight embargo in Aug. 1917. V. 105, p. 606.
Successor o f Texas Southern tty., foreclosed. V. 87, p. 416, 481
Stock outstanding, $200,000. 1st M . 20-yoar 5s ($5,000,000 auth.), see
V. 93. p. 589, 1787. Loans and bills payable June 30 1916, $316,797; cur
trusts. $2,375. For year ending June 30 1916, gross, $188,357; opor. def.,
$17,191; taxes and rentals, $9,989; bond int., $59,000. Pres., Albert T
Perkins. St. Louis, M o.; V.-P. A Asst. Sec., Osce Goodwin, Dallas. Tex.:
Sec.. Bryan Snyder, and Treas.. K.Koy. Marshall. Tex.— (V. 105.p.498,606.)
MARYLAND DELAW ARE & VIRQINIA RY.— Operates Love Pt.. Md..
to Lewes. Del., 72 miles: Queenstown Jet. to Centerville. Md., 6 m.; total
77 m.; and Lewes to Rchoboth, 5 m.. Is trackage over Del. M. A Vlr. Also
owns 10 steamers on the Potomac River. A c., but on Aug. 20 1914 was
ordered to disposo of practically all Its water lines; in Feb. 1917 matter was
not definitely decided. V. 101. p. 694.
Stock. $3,000,000. of which one-half each of common and 4% non-cum.
pref.; par of shares. $50 each; 1st M . 5% bonds due Feb. 1 1955, $2,000,000;
Joans and bills oayablo Dec. 31 1916, $761,750. Balt. d ie s. & Atlan
tic Ity. (Pennsylvania RR. system) in Dec. 1916, owned all tho common
and $300,000 pref. stock, and guarantees bonds. In 1917. gross
$1,011,519; not. $59,354; oth.lncomo. $1,719; charges, $158,512; bal. def.
$97,439. Year 1916. gross. $924,287; not, $33,424.— ( V . 105, p 607.)
MARYLAND A PENNSYLVANIA RR,— Baltimore, Md.. to York P a..
78.9 miles. V. 72, p. 339. In 1910 obtained right to build to tidewater.
STOCK AND BONDS.— Stock authorized, 53.600,000, of which 51 997 600 reserved for conversion of notes (see below) and future requirements
In 1902 the authorized Issue of tho first 4s was reduced from $2 700 000 to
$1,200,000. of which $203,000 are reserved to retire the York a ’ Peach
Bottom 5s and $100,000 additional for future purposes, Ac. V. 74 n 94
427; V. 79. p. 2205. Of the 6% notes or 1913 ($500,000 authorized' Issue)!
$300,000 have been sold. They are convertible Into common stock at
$50 per share up to July 1 1923. No mortgage can be made without pro
viding for the notes. V. 97, p. 1115, 951. Maryland A Pennsylvania Ter
minal guaranteed bonds. V. 82, p. 10-11 1102. Equipment notes Dec.
1917, $35,500. V. 96. p. 203. Paid on Incomes. 1901. 3% ; 1902 to Apr.
1914, inch, 4% yearly (2% A. A O.); none since to and Inch Oct. 1 1917.
EARNINGS.— 11 m os.,fl917--G ross, $191,216; not (aft.rents) S110 290
Jan. 1 t o Nov. 30.
\1916-G ross, 450.256; net (aft.rents)! 108!928
REPORT.— For year ending Dec. 31 1917, gross, $534,599: not. 8147,
710; Int., rents, Ac., $100,191; bal., sur., 847.519. In 19U). gross $489 894. Pres.. O. H. Nance.— (V. 100, p. 397: V. 101. p. 1002. 1973.)
MASON CITY & FORT DO DOE R R . — (See Map Chicago Great West.) —
Owns road from Oelwein, la., to Council Bluffs, 259 miles; Mayfield Minn
to Clarion. Ia. 100 m.; branches to Lehigh and Coalville la., 19 m'.; track
age, Council Bluffs to So. Omaha, 8 m.; total, 386 m. Tho Chicago Great
western owned Dec. 31 1916 ontlro outstanding com. stock ($19 205 752 of the 514,000.000 auth.). and operates the road as part of its niaJn line
to Omaha under a 100-year agreement dated Apr. 30 1901, and modified
June 1901. M. 0. A Ft D receiving 60% of earns, on business Interchanged
The accounts showed a deficit June 30 1910. See V. 95. p. 1274. In 1906
$ 12,000,000 4% bonds wore sold. Compare Chic. Great Western Ry and
V 73. p. 500. 616. 722; V. 77, p. 640; V. 78. p. 1782; V. 80, p. 2621
Earns. Incl. In those o f O. O. W. system.— (V .95,p.1274; V. 99. p. 1451.)
MASSAWIPPI VALLEY RY.— Province Line to Lenoxvlhe, Que.. 34
miles, with branch, 3 m ; trackage to Sherbrooke. Que., 3 m.; total. 40 m.
Leased for 999 years from July 1 1870 to the Connecticut A Passumpslc
Rivers RR. Stock, $800,000; par of share*, 5100: dividends payable Feb.
and Aug. 1 Dividends, formerly 5% . 6 % since Jan. 1 '97. Ot the stock,
5400,000 owned by the Conn. A Pass. River Is deposited under its mtge. and
550.(5()0 represented by Connecticut Trust A Safe Deposit Co. of Hartford
5% trust ccrtiOcates was purchased Feb. 1 1910 under its option at par.
In April 1911 Bos. A Maine rec'd authority to purch. stk. V. 92, p. 1108.
McCLOUD RIVER RR.— 0 wnstrom Sisson.Cal., toMcGavic. 50.6 miles.
Stock, 51,200,000. Bonds ($1,200,000 auth.), Mercantile Trust Co.. San
Franelsco. mtgo. trustee. V. 85. p. ,100.>. For year ending Juno 30 1016
gross, $313,880; not, 853,646; other income, 87,140; interest, Ac., $66,844;
bal., def., $6,058. Pres., J. II. Queal, San Francisco.— (V. 65, p. 1005.)
MEADV1LLE CONNEAUT LAKE & LINESVILLE.— Meadvllle to Lines
vllle. Pa., 20.5 miles, and branches, 1 mile; total, 21.5 miles. Leased
to July 1 1990 to Pittsburgh Bessemer A Lake Erie n il : rental. 25% of
gross earnings. Stock, $200,000; par. $50. Dividend In 1913 to Apr. 1917,
4% (2% A. A O.). For year ending June 30 1916, gross.$28 091; net, $37 766;
bond Int., $10,000; divs. (4% ). $8,000; bal., sur., $8,795. \rear ending
Dec. 31 1916, gross. $32,470; net. $31,183; bond Int., $10,000; dlv. (4% ).
$8,000; bal , sur., $13,183.— (V. 96, p. 709.)
MEMPHIS DALLAS & GULF R R .— Owns from Ashdown to Hot
Springs, Ark., 114 miles; Ashdown to Texarkana. 20 in.: Graysonin to
Lcard, 6 m.; Dalevlllo to Dalark, 11 m.; total. 151 miles. Extensions pro
posed north to Memphis, Tenn., 255 miles, and south to Dallas. Tex.; 186 m.
79
RAILWAY STOCKS AND BONDS
J
K
J
M
M
A
J
M
J
F
A
J
J
J
A
A
A
A
A
A
A
A
A
&
A
A
A
A
3 July 1 1922
Bank of Marlon (Va.).
A Feb 1 1955
Treasurer's Office. Phi la
J Jan 1 1931
See tesit
S Apr 11932
See Tie.A Tr .Co. York,Pa
s Mch 11951
Brown Bros, N Y A Bait
1914 to Oct. '17 none pd
0 Apr 1 1951
Alex Brown A Sons. Balt
J Oct 1 1923
do
do
N May 1 1930
J P Morgan A Co N Y
D June 1 1955
A Aug 1 1917. 3% Safe Dep A Tr Co, Bost
Mercantile Tr Co. San Fr
O Apr 11937
Mercb Nat Bk. Meadv.Pa
J July 1 1921
Miss Vail Tr Co. St L
J July 1 1943
Merc Tr Co. Little Rk. Ar
J Jan 1 1928
Stock authorized, $7,675,000: par, $100; outstanding $1,027,000. Of
the 1st and ref. 30-year gold 6s ($3,600,000 auth. Issue), $1,015,000 were
issuable at once. $420,000 are reserved to retiro the $420,000 Memphis
Paris A Gulf 6s. which are guaranteed principal and interest by Nash
ville (Ark.) Lumber Co., and $2,165,000 for road acquired or constructed
at $18,000 per mile In 5-mlle sections; they are redeemable at 101 and Int.
to Jan. 1 1918 at 103 and Int. thereafter; outstanding June 30 1915, 3558.
000. V. 96. p. 237. 887. Car trusts M ay 31 1914. $15,669; loans and bills
payable, $772,792.
For year ending Juno 30 1916, gross, $336,865: net, $58,814; 1914-15.
gross, $270,439; not, $42,909; Interest, Ac., $45,571; bal., def., $2,662.
Pres., W. W. Brown, Camden, Ark.: V.-P. A Gen. M gr., C. O. Hender
son; V .-P., A. C. Ramsey; Sec., J. W. Bishop; Treas., W. H. Toland.
— (V. 97. p. 887.)
MEMPHIS UNION STATION CO.— Owns union passenger station at
Memphis, Tenn., used by Louisv. A Nashv., Nashv. Cbatt. A St. Louis;
Southern R y., St. L. Iron Mtn. A So. and St. Louis Southw.. used since
April 1 1912. Interest charges and expenses are apportioned among the
Unas on the user basis. Stock, $100,000, owned equally by five roads
named. In Nov. 1909 made a mtge. to the Bankers Trust Co. of N. Y .,
as trustee, to secure an Issue of $3,000,000 6% gold bonds, guar. Jointly
by five roads named. V. 97. p. 1025; V. 93. p.1324; V, 89. p. 1411.1542;
V. 90. p. 236; V. 91. p. 9 4 — (V. 97, p. 1025.)
MERIDIAN & MEMPHIS R R .— Owns Meridian, Miss., to Union, 33
miles, with large terminals at Meridian. In Jan. 1918 the Gulf Mobile &
Northern (which see) purchased the outstanding securities (S500.000 stock,
$1,676,000 1st M . bonds and $260,000 collateral notes), but tho properties
are operated separately. V. 106, p. 296; V. 105, p. 2543: V. 103, p. 1118.
In 1916 tho Meridian A Tomblgbee River Ry. was Incorporated as successor
of the Meridian A Deepwater Ity., partly built, from Meridian west to
Tomblgbee River, 47 miles, of which 27 miles, from Meridian to a point on
tho Ala. Tenn. A Northern R R ., was to be completed during 1917.— (V.
103, p. 1118; V. 105. p. 2543.)
MERIDIAN TERMINAL CO.— Owns passenger stations at Meridian,
Miss., opened Sept. 1 1006, and used by Southern R y., Mobile A Ohio, New
Orleans A Northeastern R R .. Ala. A Vicksburg and Ala. Great Southern,
which own one-fifth each of the capital stock ($100,000) and guarantee the
bonds Jointly and severally by endorsement; form. V. 85. p. 601. Pres..
R . V. Taylor; Treas. A Sec., G. A. Cooke.— (V. 85, p. 601, 1402.)
MEXICAN NORTHERN RY.— Owns from Escalon. Mexico, on the Mexi
can Central I y.. to Sierra Mojada, 83 mllos, all steel. See V. 64. p.
Bonds, see V. 88. p. 1437. 1500; V. 89. p. 104: V. 91. p. 1020
DIVS.— I '93. '94. ’95-’99. ’00. '01. ’02. ’03. ’04-’08. ’09. ’ 10-’ 12. 1913.
5 4K 2K I K None. 13 4yrly 1H. 0
Per cent__ \ 6 K 6 4 y ’ly.
— (V. 91. p. 1026; V. 90, p. 1635; V. 103. p. 759.)
MEXICAN RY., LTD.—City of Mexico to Vera Cruz, 264 miles; Puebla
branch, Aplzaco to Puebla, 29 m.: Pachuca branch, Ometusco to Pacbuca,
29 in.; Zacatlan branch (narrow gauge), 33 m.; Huatusoo branoh (narrow
gauge). 20 m.: Iluajuapan branch narrow gauge. 28 miles; total June 30
1914, 403 miles. Jointly guarantees debentures of Vera Cruz Terminal C o.
On Nov. 18 1914 the military authorities took over the line and no returns
wero rendorod to the company. In Sept. 1916 the Carranza Govt, sur
rendered possession, but In Apr. 1917 again took charge. V. 105, p. 290;
1802; V. 104, p. 1489; V. 103. p. 991. In Nov. 1917 had taken over the
operation of the Tehuantepec National R y., extending from Coatzacoalcos,
Gulf of Mexico, to Sallna Cruz, on Pacific Ocean, 188 miles; and operating
Pan-American Ry. (Nat. Rys. of M ex.), Picacho to Suchlate, 285 miles.
V. 105, p. 199"U ”V. «'i, -p. "zzz.
""
DIVS. (Nfnee’G14.) 1905. 1906. 1907. 1908. 1909. 1910. 1911 1912. 1913.
First pref___ %1 5 H 71-16
8
8 7 3-16 8
8
8
8
IK 413-10 3K 15-16 4 7-16 6
6
6
Second pref— % \ . . .
H 19-16 2 K
2K
Common......... % f ..................................................
Tho holders of tho perpetual deb. stock and 4 K % 2d debentures on
Jan. 11 1917 voted (a) to defer until 1919 tho payment of tho 9 Installments
of interest duo in 1915. 1916, 1917, 1918 and 1919, and to issue certificates
for tho same bearing 6% interest, due on or before July and Oct. 1 1919,
respectively; and (2) to omit the sink, fund for 2d deb. In 1915 to 1919.
V. 100, p. 229; V. 105. p. 73.
EARNING S.— For 6 mos. ended Dec. 31 1914, gross (M ex. cur.),
$4,322,095, against $4,968,036 In 1913: net. $1,456,391. against $2,454,777
In 1913; total net revenue, £41.066; debenture, A c., int., £74,390; deficit
chargod to reserve, £33.324. Office, Finsbury Court. Finsbury Pavement,
London, E. O.— (V. 104. p. 1489; V. 105, p. 73, 290. 1802.)
MEXICAN SOUTHERN RY.. LTD.— Puebla to Oaxaca, Mex.. 228 miles,
all narrow-gauge: branch. 31 m., Tehuacan to Esperanza; Oaxaca to San
Pablo, 16 m.; Oaxaca to Tlacolula, 20 m., opened Jan. 1912; other, 7 m.,
total. 302 miles; sidings. 19 miles. Tehuacan tram lines. 5 m.. standard
gauge, and Oaxaca tram lines, 7 m ., narrow gauge. Ord. stock, £1,000,000.
The road passes June 8 1990 to the Stato without payment, except for
stations, rolling stock, Ac. V. 79. p. 2642. Leased from Jan. 1 1910 to
Intc.roceanlc Ry. of Mexico. See that company. The rental due June 30,
July 28 and Dec. 31 1914 and Jan. 28 and April 27 1915 are to be satisfied
by 5% deb. certificates redeemable from earnings. As no rentals have been
receive 1 from Interoceanlc Ry for period subsequent to June 30 1914, an
extension of the moratorium for 2 years to May 29 1917 was agreed to.
V. 101, p. 130; V. 99. p. 48. 674.
Int. on 2d debs, (now 1st) payable only out of profits on Feb. 1 A Aug. 1.
OFFICERS. -Chairman, Sir Ernest Paget; Sec.. Thus. Linton, 53 New
Broad St.. London. E. C .— (V. 80. p. 222; V. 101. p. 130.)
MEXICO NORTH WESTERN R Y.— Owns and controls 5 4 0 H miles
Ciudad Juarez to Tabalaopa
ILa Junta to Mlnaca__________ 6.34
(Chihuahua)........................ 475.78 Cumbre to Chulohupa(bulldlng) 5.08
San Antonio to Cuslhulrlachio. 13.051
Owns over 3,000.000 acres of timber lands, with 2 mills at Madera with a
capacity of 175,000,000 ft. per year, and 2 mills at Pearson with a capacity
of 25O.OOO.O0O ft per year. Controls finishing, A c., plant at El Paso, Tex.,
capacity 100,000,000 ft. per year. See V. 88. p. 749: V. 89. p. 348, 470:
V. 94. p. 1627. V. 96. p. 287.
Stock. $40,000,000 (par $100). of which $25,000,000 Issued.
80
RAILW AY STOCKS AND BONDS
RAILROAD COMPANIES
IFor abbreviations, A c., see notes on first page]
M ile s
R oad
Memphis Union Station— 1st M g guar__Bn.xc*r*
. .
Meridian & Memphis RR— 1st M $800,000 red 105..
Collat trust notes (or voluntary trust) call 101-CC.c
33
Meridian Terminal— first M $250,000 g gu._Gxc*Ar
3.27
Mexican Central— Mexican International— See Nation al Rail
Mexican Mineral— 1st M $500,000 g red 110 s t____Gx
16
Mexican Northern— Stock, $3,000,000........................
First mtge U 8 gold red 105 s f ext In 1909-G.xc*&r
83
Mexican Ry Limited— Ordinary share capital stock ..
First preference stock 8% ________________________
Second preference stock 6% _____________________
Perpetual 6 % debenture stock____________ _____ _
403
__
2d debens £1,000,000 auth red par since 1912 s f_.
__
Mexican Sou’n Ry— 1st M 4% deb stk red at par 90 yrs
Prior lien bonds_________________________________
Mex No West— Prior lien bonds £2,600,000 red 102 >4
__
1st M gold red t e x t ______________________________
Conv Income bds £1,000.000 6 % cum red par s f.o*
Equipment gold bonds £480,000_________________
__
Michigan Central— Stock................................................
Refunding & I nipt Mtge $100.000.000____________
1,200
Underlying Bonds to be Refunded—
First mortgage $18,000,000 gold.............. G.xc’ Ar
270
M C Michigan Air Line first mortgage____Un.xcAr
115
1st M on Det A Bay C ity________ _____ ______ Un.zc
171
do
do
bonds without coupons__ zr
171
__
Debentures gold___________________ ____ a .x c ’ Ar*
M C new M on Gr RIvVal $4,500,000, g text.GxcAr
84
M C first mortgage on Kalamazoo AS Haven.xUn.r
39
Mlcb Cent 1st M on Jack Lans A Saginaw g _.xc*&r
379
M C 1st M on Joliet & Nor Indiana $3,000,000 g.x
45
__
18
41
TolCanSoADet lstM$4,500,000 g gu (end)G,xc* Ar_
69
Detroit Rlv Tunnel Co
See that company
M iddletow n & Unionv RR— 1st M $500,000.. Ba.y
14
___
Second M 6 % non-cum adjust Inc bonds red par._y
a Exclusive of $31,000 held by sinking fund, b $2 4.000
c Of which $16.819,300 held by N Y Central RR Co.
x An
D a te
B onds
Par
V a lu e
1913 $ 1.000Ac
1913
1,000
1916
1,000
1905 1,000 Ac
ways o t Mexico
1899
100
1890
1,000
£10
£10
£10
£10
1909
£100
1896
1913
1913
£100
1909
£100
1912
£20 &o
1917
R a te
%
W h en
P a y a b le
& N Nov 1 1959
& J Jan 1 1943
& J July 1 1919
A N May 1 1955
A A Aug
May
A D Deo
Nov
$2,500,000
See text
260.000
250.000
5g
6
6g
4g
b328.000
3,000.000
a708,000
£2,254,720
£2.554,100
£1.011,960
£ 2,000,000
£480,700
£864.000
6g
F
6g
J
1902 1,000 Ac 18,000,000
1890 1.000 Ac
2,600.000
1881
1,000 1 4,000,000
1881 1,000 Ac /
1
1909 l.OOOAc 7.634.000
1909
1,500.000
1889 1,000 Ac
700,000
1901
1,000
1,707,000
1907
1.500 000
1915
1,000 3,900,000
1889
1,000 • 49,000
1889
1,000
X421.000
1906 1,000 Ac
3,100,000
L a s t D iv id e n d
an d M a tu rity
M
J
J
M
6
J
4)4
A
4
F
6
£1,671.000
6
£5.600,000
5g M
£750,000 Up to 6 H
(?)
$100 C$18738000 See text J
NoneDec'17
g
Gross corporate Income............. ...$15,013,063 $10,214,084 $7,608,158
Rentals leased lines...................
$3,259,907 $3,444,651 $3,402,187
Intorest on bonds, &c.........................
1,993,942
1,706,395
1,829,030
647,425
569,581
597,673
Other rents and miscellaneous..........
Hiro of equipment.................................. 2,274.352
1,566,501
1,364,849
Depreciation_______________________
500,000
. . .
113.176
Acquisitions, Additions, &c................. xl,700,984
D ividen ds................ ......... ............... (4% ) 749,520 (5)936,900 (4)749.520
Balance, surplus or deficit...........sur.$3.888,932sr$l,876,881 def.$335,100
x Includes stock purchased Jacks. Lans. & Sag. R R ., $1,151,150; Grand
River V. R R .. $405,375;Badditions, &c.. $144,459.
Places Where Interest and
Dividends are Payable
Bankers Trust Co, N Y
UnBk&TOo.Jacks’n.Ten
Chicago and New York
Guaranty Trust Co, N Y
1 1919
82 Beaver Street, N Y
1 '13 1 H% Office, 82 Beaver St, N Y
do
do
1 1930
6 ’ 13.1K % Glyn, Mills, Currie ACo.Lo
do
do
do
do
Nov 6 ’ 13, 3%
A J Perpetual
See text
A O Dec 1960
See text
A A See text
1Q2S
Sept 1914 coup deferred
1928
A S Mch 11959
Sept '13 coup deferred
A S15
1st coup Mch 1913
See text
A J Jan 29 '18 2% Grand Cent Term’ l, N Y
314 g M A N May
4
J A J Jan
M A S Mch
Q— M Mch
5
4g
A A o Apr
4 g M A 8 Sept
\r A N Nov
5
314 g M A 8 Sept
10 July
4g
5g
A & o Apr
3 g J A D Deo
3 g J A D Deo
4 g J A J Jan
1 1952
Reg at G C T; cp at G Tr
1 1940
Union Trust Co. N Y
11931
do
do
11931
Grand Central Term, NY
1 1929
do
do
1 1959
do
do
11939
do
do
1 1951
Reg at G C T; cp at G Tr
Guaranty Trust Co, N Y
10 1957
’18-Oct ’31 New York and Phlla
1 1989
Union Trust Co, N Y
1 1989
do
do
1 1956
Grand Central Term; N Y
1913
100 &c
200.000
6 g M A N Nov 1 1933
1913
260,000 4 ’15-17 M & N Nov 1 1933
addltlo nal In sin king fund.
additio nal $79.0 00 is guar b y N Y Ce ntral RR
BONDS.— Present limit 1st M . 5s, £8,469,700; issued, £5.600,000; may
be Increased for extensions, terminals, double-tracking and other special
purposes; Nat. Trust Co. o f Toronto, trustee. V. 88. p. 749; V. 93, p.
28, 1324, 1463; V. 95, p. 176. V. 97. p. 521. 695.
As to 6% cumulative convertible Income bonds, see V. 94, p. 1627.
The issue o f 15-year prior-lien 6 % bonds Is.llmlted to £2,600,000. secured
by a prior lien on the entire property. Red. at 102 >4 any time on 6 months’
notico. Trustee, Nat. Trust Co., Toronto, Ltd. V. 96, p. 285, 1229.
The payment of coupons was doferred, owing to financial conditions in
Europe and Mexico. V. 99, p. 674.
REPORT.— Report for calendar year 1911 In V. 95, p. 478, showed:
Gross Income (American oummey), $961,468; net Income, $460,581: other
ino.. $253,231; bond lnt., $849:162; gen.exp., $189,438: b a l..d e f..$324,788.
OFFICERS.— Pres., R . Home Smith, Toronto; V.-Ps., H. I. Miller*
N . Y .; Miller Lash, Toronto, Can.; Treas., U. de B. Daly, Toronto; Sec.*
A . M . Trueb, N . Y . Office, 115 Broadway, N . Y .— (V. 103. p. 938.)
MICHIGAN CENTRAL RR.— (See Maps New York Central Lines)
— LINE OF ROAD.— Main line— Kensington to Detroit, 272 miles,
and Windsor to Suspension Bridge (Canada Southern), 381 m.; Branches
owned and leased, 1,108 m.; trackage (111. Cent.) Into Chicago under porpetual lease, 14 m.; other trackage, 86 m.; total Jan. 1 1917, 1,862 miles,
with 663 m. o f 2d track and 1,569 m. o f side tracks.
Chicago Kalamazoo & *
•
R y.. Pavilion to Woodbury, M ich., 55 m..
Is controlled but operated' independently. V. 84, p. 60. Shareholders
votedJune 8 1916 to purchase 15 subsidiaries, including all those mentioned
In bond table at head of pageexcept Detroit River Tunnel C o. V. 102,
p. 2254.
Third-rail electric Detroit River Tunnel, 2.42 m. long. Is leased for 999yrs.
See below. V. 90. p. 710; V. 91. p. 276; V. 92. p. 1499; V. 98, p. 236.
CONTROL.— The N. Y . Cent. A Hud. River R R . Co. In April 1 898 gav
$115 in Its 3 )4% 100-year gold bonds tor $100 stock, and so holds $ 16,819,
800 of the $18,738,000 stock Issued. See that company’s statement (also
V. 93. p. 1787; V. 96. p. 1424. for proposition looking to ultimate merger.
DIVIDENDS.— f’91. ’92-’94. ’95-’05. ’0 6 . ’0 7 . ’0 8 . ’09-T4. '15. 1916
Since 1890 .........%\ 5 5)4 y ’ly. 4 y ’ly.
5
6
8 6 y’ly
4
4
In 1915 paid 1% Jan. 29. 2% July 29. 1% special Doc. 28. In 1916.
Jan. and July 29, 2% ; 1917, Jan. and July, 2% ; 1918, Jan. 2% . As to
method of reporting dividends, see V. 101, p. 48.
BONDS — The $100,000,000 Refunding & Improvement mortgage of
1916, is to cover about 1,200 miles of directly owned road, also leaseholds.
&c. Tho now bonds will be Issued In series, all equally secured, and about
$40,000,000 thereof will be reserved to provide for refunding the under
lying bonds shown in table above, after $lO,OOO,OO0 of the now bonds have
been Issued for other than refunding purposes, bonds thereafter put out
under the mortgage for additions and Improvements must not exceed 70%
of the cost o f such outlays. The debentures o f 1909 will be secured by the
new mortgage on a parity with the bonds Issued thereunder. V. 104 p. 1600.
Bailie Creek A Sturgis bonds for $500,000, but or this $79,000 was sub
guaranteed by the Lake Shore & Michigan Southern (now merged Into
tho New York Central), 7 miles o f the Battle Creek & Sturgis being oper
ated by that company.
The $1,708,000 3K s of 1901 are a first mort
gage on the Jackson Lansing & Saginaw R R .. 379 miles (V. 73, p. 1061);
V .7 6 ,p . 1027. Of the $18,000,000 3>4sof 1902. the final $4,000,000 was
sold in Feb. 1915. V. 74. p. 728; V. 76, p. 102; V. 83. p. 1229. First 4s.
on Joliet & Northern Indiana, seo V. 84, d . 1367. 1428; V. 100, p. 556. 642.
Toledo Canada So. & Det. 4s, V. 104, p. 1600; V. 82, p. 930; V. 85, p. 406.
•In April 1909 an Issue of $25,000,000 4 % 20-year debentures was autnorIzed, of which $7,634,000 sold to nrovide for advances to Detroit River
Tunnel Co. Of the $4,500,000 authorized 4s on Grand River Valley RR..
$1,600,000 are reserved for double-tracking, Ac., and $1,500,000 for future
requirements. V. 88, p. 945, 1002, 1061, 1254: V. 90, p. 1554; V. 89.
p. 170; V. 90, p. 627. $4,000,000 4 >4% notes due March 1 1917 wore paid
at maturity. V. 104, p. 1045.
As to guaranteed bonds, seo Canada Southom and Detroit River Tunnel.
Equipment bonds of 1915, see V. 103, p. 145; V. 102. p. 1447.
The Michigan Central RR. Equipment Trust of 1917 (V. 104, p. 1794)
rovidos for an Issue o f $9,000,000 of 4)4% equipment trust certificates,
ut not In excesss of 80% of the cost of tho equipment to be furnished there
under, payable in 16 annual installments, the first installment Mar. 1 1918.
on Nov. 15 1916 the board authorized the issuance of $1,962,000 of those
certificates on account of tho purchase of 6,000 freight cars and 50 passen
ger and baggage cars.
Jointly with four other roads, covenants to pay New York Central Lines
$62,200,000 car trusts of 1907, 1910, 1912 and 1913. the company’s share of
equipment trusts outstanding Aug. 31 1917 being $1,562,553, $3,151,683;
$1,517,109 and $2,885,955, respectively. V. 85, p. 1402; V. 86. p. 168;
V. 88. p. 761; V. 90. p. 1677: V. 92. p. 807.
EARN ING S.— 12 m os.,fl917-Gross, $52,879,434; net (aft. $5,899,713
Jan. 1 to Dec. 31.
\1916-Gross, 46,418,790; rents),
8,182,735
ANNUAL REPORT.— Report for 1916 in V. 104, p. 1600, 1794.
Year ending Dec. 31—
1916.
1915.
1914.
Railroad revenues.................................$46,418,790 $36,540,665 $33,464,968
Operating income after taxes................ 14,076,169
9,285.601 6,681.796
Other income.........................................
936,894
928,483
926,363
A m ount
O u ts ta n d in g
[ V o l . 106.
Empire Trust Oo, N Y
Bankers Trust C o, N Y
Pres., A. n . Smith, N . Y .— (V. 104. p . 1045. 1585. 1794. 1899; V . 106.
p. 499.)
MICHIGAN EAST & WEST R Y .— Manistee to Marlon, M ich., 72 m.
In Dec. 1917 was denied authority to discontinue business and junk the
road and Eugene Ford was then made receiver. V. 106, p. 189: V. 105,
p. 607. V. 91. p. 887, 365: V. 98. p. 74. Stock, $1,000,000; outstanding,
$200,000; par, $100. Loans & bills payablo Dec. 31 1917, $131,469. For
year ending Dec. 31 1917, gross net def. $28,692; int. rentals, &c., $16,602;
deficit, $44,909. Pres., J. S. Joyce; Treas., F. P. Lcffingwoll, both of
Chicago.(V. 105. p. 607, 2272.)
MIDDLETOWN & UNIONVILLE R R .— Middletown, N . Y .. to
Unionvllle, N. Y ., 13.65 miles. Has an agreement with the N . Y . Ontario
& Western Ry. for the use In perpetuity both of the terminal In Middle
town and of the mile of track used In entering that city.
Incorp. In N. Y . Nov. 14 1913. Successor, per plan, V. 97, p. 887,
Dec. 1 1913 to Middletown Unionvllle & Water Gap R R ., foreclosed Oct. 25
1913, which was controlled by N . Y . Susq. & West. R y., but reorganized
independently. Stock, $150,000, held in 5-year voting trust, with author
ity In majority of trustees to sell same. Adjust, mortgage coupon No. 5,
for 6 mos. ending April 30 1917 was paid Nov. 1 1917. V. 105, p. 1617.
For 12 mos. ending Dec. 31 1917, gross, $89,319; net, $38,037; lnt. on
bonds, $21,320; rentals, Ac., $2,825; bal., sur., $13,892, against $1,824
in 1916. Chairman, Newman Erb; Pres., Charles I. Henry, 21 Stato St.,
N. Y .; V.-P. & Gen. Mgr., J. A. Smith; Treas., Garrett T . Townsend; Sec.,
Frank H. Finn.— (V. 105, p. 1617.)
MIDLAND CONTINENTAL R R — (V. 102. p. 66; V. 103, p. 239.)
MIDLAND PENNSYLVANIA R R .— Under construction from Mtllorsburg, Pa., to Ashland. 44 miles. Stock authorized and outstanding, $2,
000.000. Bonds authorized. $2,000,000. About $812,300 bonds issued
to Feb. 1916 account construction 15 miles, Millersburg to Gratz completed
In 1916. Int. defaulted July 1912. Pros , Wm J Latta: Sec -Treas.,
John H Williams. Pottsville, Pa.— (V. 95, p. 298; V. 99. p. 467.)
MIDLAND RA ILW A Y.— Savannah, G a „ to MIdville, 90 miles. V.
105, p. 1118. Formerly Savannah Augusta & Northern Ry., sold in 1910
by receiver for $250,000 to W. J. Olivor. V. 101, p. 450, 1372. In Fob.
1917 was granted authority by tho Georgia RR. Commission to issue $423,
600 more stock and also to create a 1st ratgo. securing an issue of $ 1,000,000
bonds. Tue proceeds from the sale of thoso bonds will bo used to refund
outstanding obligations and to acquire properties, Ac. V. 104, p. 764,1489.
Year 1910-11, gross, $23,192; net. $6,979.— (V. 101, p. 450, 1372; V. 102.
p. 251; V. 103, p. 1118; V. 104. p. 764.1489.)
MIDLAND VALLEY RR.— Owns and operates from Excelsior Ark.,
south to Hoye, Ark., and north to Fidelity. Ark.; also from Excelsior west
to SUverdale, Kan., and from Jenks, Okla., to Klofer, Okla., a total of
306.5 miles; also operates under trackage from Rock Island, Ark., to Ft.
Smith, 16 m., and Siiverdale to Arkansas City, Kan., 9.; ieasos Wichita A
Midland Valloy RR., Arkansas City to Wichita, 51 mllos, for 50 years from
July 29 1910, for 25% of the gross earnings (and any deficiency necessary
to meet the bond Int. and taxes); total oper.. 382.5 m. V 92, p.462, 796.
ORGANIZ’N .— In 1913 readjusted without foreclosure. V. 96. p. 554.
STOCK.— Auth., common, $16,000,000; pref., $5,000,000; outstanding,
$4,006,500 each of common and 5% pref. (prln. and div.); par, $50. Stock
Is all held In a voting trust terminating Jan. 1 1924 or at any time after
May 1 1918, at the discretion of the voting trustees; Edward T . Stotosbury,
Sidney F. Tyler, J. It. McAllister, Lloyd W. Smith and Francis I. Gowen.
Tho pref. stock is redeemable at par on any dlv. date after July 1 1916 on 30
nays notice, and subject to the right or the Cherokee Construction Co.
(which owns all of tho com. stock) to purchaso as follows: 1916 and 1917,
at 40%: 1918 and 1919. 45%: 1920 and 1921, 50% ; 1922 and 1923, 65% .
BONDS.— The first 5s and adjustment M . (Income) 6s, Issued per plan
V. 96, o. 554, are a first and second lien, respectively, on (1) the entire
property; (2) the leasehold Interest in the Wichita A Midland Valloy R R .
and all the $1,025,000 1st M. bonds of the latter and $460,000 of Its $56.3,300
common stock; (3) all of the $250,000 stock and $ 1,256,000 1st M . 5s or the
Sobastlan County Coal & Mining Co. owning about 18,500 acres of somlanthraclte coal lands. Of the first 5s, $5,000,000 have been Issued on
account of retirement of outstanding bonds and othor Indebtedness and
Impts., &c.. of the remaining $10,000,000 reserved for $85% of tho cost of
(mpts., extens., Ac., under careful restrictions. $224,000 havo boon Is
sued, making $5,224,000 outstanding. See V. 96, p. 1423, 1489.
The interest on the adjustment M . bonds is to be paid annually. If earned,
but Is not to become a fixed charge, and is not to be cumulative unless the
Cherokee Construction Co. shall exercise the option to purchase the prof.
The $3,512,500 Series A bonds have priority both as to lien and
payment of Interest over the $2,000,000 Series B bonds.
For the year ended June 30 1917 3% was earned, and paid on Sept. 1.
on Adjust. Mtge. Series A bonds (coupon No. 1) at Fidelity Trust C o.,
Philadelphia. V. 105, p. 909.
LATEST EARNINGS.— Years ended Doc. 31:
Cal.
Gross
Net (.after Other
Interest,
Balance,
Year—
Earnings.
Taxes).
Income. Rents, A c. Surplus.
1917.......
$2,927,127 $788,925 $53,665 $467,221 $374,755
1916...........
2,121,166
558.597
53,920
331.213 280,111
Pres.. O. E. Ingersoll; Sec. & Treas., J. R. K. Delaney. Office,Liberty
Building, Phila.— (V. 103. p. 1032,1788; V. 104, p.163; V. 105, p. 181, 909.
MILL CREEK & MINE HILL NAVIGATION & R R — Mill Creek Jot. to
Broad Mountain, Pa., 4.01 m.; branches, 1.90 m.; socond track, 3.79 m.;
total track. 69.17 m. Leased in 1861 for 999 years to Phila. & Roadlng R R .;
lease assumed in 1896 by Phila. & Reading Railway, rental, $33,000 & taxes.
MINE HILL & SCHUYLKILL HAVEN RR.— From Schuylkill Haven to
Ashland and Enterprise Jet., 36.72 m.; 2d track, 18.86 m.; total track,
129.91 m. In 1897 rental reduced to 6% on stock under new lease for 999
years from Jan. 1 1897 to Phila Sc Read. Ry. Co.; 2 H % Is paid In Jan. and
3% in July, >4% being deducted for taxes.— (V. 96, p. 1365, 1423.)
MLeech L.
'X*a ilou
Edgeley<>MonangOT
Ellendale
Eureka,
MINNEAPOLIS & ST. LOUIS
Valley
PACIFIC
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pac.
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82
RAILW AY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Date
Road Bonds
M ile s
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[Vol. 106.
Last Dividend Places Where Interest a n d
Dividends are Payable
and Maturity
July 1912 coup not paid
5 g J A J July 1 1960
§812,000
1910 $100 Ac
Midland Pennsylvania— 1st M $2,000,000 gold red s t1917
lst consol M $1,000,000----------------- — - - - - - - - - 1
Now York and Phlla
Apr
1
1943
O
A
&
5.224,000
5
g
1,000
299 1913
Midland Val R R — 1st k g red 10214 beg 16 .QPxc*
See text
5,512.500 Up to5% Sept. 1 Apr 1 1953
100 &c
299 1913
Adjustment mtge (2d Income) gold red par F P .xc*
Office, Philadelphia, Pa
() Jan 1 1931
A
&
1,025,000
5
g
1,000
1911
Wichita & Midland Val 1st M g gu rod p a r.— -xc
Reading Term, Phlla, Pa
J A J July 1917 5%
323,375
10
25
Mill Creek & Aline Hill Navigation & RR— Stock
.
Milwaukee Lake Shore & Western— Milwaukee Sparta & Nor th VVes tern — Se o Chicago A North W estern
Milwaukee & Northern— See Chicago Milwaukee & St Paul
5)4 J A ,TJan 15 ’ 18 2)4 Office 119 S 4th St. Phlla
50 4,210.200
37
Mine Hill & Schuylkill Haven— Stock (6 % rental)
Farmers L & Tr Co, N Y
M A N May 1 1925
450,000
5g
1,000
26 1905
Mineral Point & Northern— 1st M $450,000 gold-F.x
55 Wall St, New York
593,000
4
g
& 5 g J A .1 Jan 1 1931
500
&c
16 1891
Mineral Range— Consol mtge (text) gold red at 105.zo
All
owned by Can Pacitto
Jan
l
1951
A
J
1,000,000
4 g >T
100,000
73 1901
General mtge Interest guar by Canadian Paclflo.Fz
55 Wall St, New York
325,000
5 g J A J Jan 1 1931
1,000
34 1891
Hancock A Cal cons mtge gold red at 105 assum__z
Marquette,
Mich
M
onthly
Oct
1
1920
311,070
4)4
1910
Eauipmont Trust notes Series 1--------- ---------Montreal, Quo
c — F Aug 1 1918
17,746
5K
1913
do
do
Series 2 -------------------Marquette, Mich
Mar
1
1921
S
M
A
70,000
5
1916
do
do
Series 3------- First Trust & S 13k, Chic
J A D 30 June 30 1925
5g
700.000
1,000
Minneap Red Lake & Man11ob— 1st M S700 00^ 5
?£ 33 )4 1905
New In 1916
New
100 25,792.600
M inneop & St L— Stock, all of one class, $26,000,000
do
do
June
11927
A
D
J
950,000
7
g
600 &c
1877
First mtge Merrlam June to Albert Lea g— F.zo
do
do
A A () Apr 11921
1,382,000
6g
1,000
1881
Pacifle Extension first mortgage gold ....- C e .z c »
do
do
Nov 11934
M
&
N
5,282,000
5
g
1,000
1894
First Consol M closed M g (V 59, p 1145)_Ce.xc &r
do
do
Mch
11949
M
&
S
4
g
13,244.000
1,000
1899
First A Ref M $13,244,000 gold ($18,000 p m) ..C ex
do
do
Q— P Feb 1 1962
5g
1912 1,000 &o 4.085,856
Refund andExtenM $75,000,000 g red 105.Uxc*Ar*
To Apr 1 1919 Penn Co for Ins, Ao,Phlla
A
o
A
5
g
120,000
1,000
1909
Car tr ser A g due $60,000 yly (V 88, P 1373) PcP.xc
do
do
A A o To Oct 1 1920 .
5g
36,000
1,000
1910
Car trust ser B gold due $18,000 yearly..-P eP .xc*
M & N T o N ov 1 1922
5
110.000
1,000
1912
do
Ser O part due y ea rly ------- . - . - . P e P x
Penn Co for Ins, Ac, Phlla
Fob
1
T9
to
’27
F
A
A
5
1,530.000
1,000
do Ser D due $170,000 yly Feb 1 call 102)4 PePc
do
do
M A N Nov 1 T 8 to '25
320.000
6g
1.000
1915
Eqidp tr due $40,000 each Nov 1; call 102 H ---P e P
C— J Apr ’ 18-Jan '25
175.000
6
250 Ac
1915
Locomotive trusts duo $6,250 quar V . 100, p 556-Now
York
25
Broad
St,
n
June
1
1938
J
A
7.650.095
5
g
1,000
1888
Iowa Central 1st MC (V 49, p 582) — - - - - - - Ba,zo
do
do
7.156,000
4 g M A s Mch 1 1951
1,000
1901
1st ref mtge $25,000,000 g (see text)--U n.xo* Ar
64,000
5 g M A N To May 1 1919 Penn Co for InB.&o.Phila
1,00(1
1909
Car trusts serAduo 532,000y r ly ._ - - - - . - PeP.xo
do
do
A A o To Oot 1 1920
31,000
5e
1,000
1910
Car trusts ser B due $16,000 or $15,000 yrly Pep.xo*
Now York
To 1925
206,250
6
1915
American Locomotive Co notes------- -— - - - ,
25 Broad St, New York
Jan 1 1935
A
J
J
4
g
3,072.000
1.000
1906
138
Des Moines & Ft Dodge gold guar p &; l-.C e.xc*& r
do
do
J July 1 1932
6g J A
196.00C
1,000
1912
Hock Coal Co 1st M $600,000 gu red 105 s f . . Em.xc*
10(1 25,206,80C 7 In 1917 A & ( ) Oct 15 1917 3)4 Minn offlco; cheeks mal)
Minn St Paul & SSte Marie—Com stock $42,000,000
do
do
A A 0 Oct 15 1917 3)4
7
In
1917
12.603.40C
10C
Preferred stook 7% non-cum $21.000,000--------- A A (1 Apr 1 2008
4
IOC ! 11.176.80C
Wisconsin Cent leased line ctfs $12,500,000 a u th ..
Bank of Montreal, N Y
4 Z J A .1 Jan 1 1926
1,001 1 8.136.00C
1886
Mlnn Sault Ste Marie A Atlantic 1st M gold.Ce.zc*
do
do
J Jan l 1936
4 (5) J A
286.000
1,000 1
1886
Minneapolis & Pacific first mortgage---------- Ce.zc*
Zdors— H. E . Huntington, F. IT. Davis, Charles Hayden, J. S.
Directors
Bache , E. V. P. Thayer, Newman Erb, W. II. Bremmer, 1'. P. Frazier.
W is., 26/4 miles; trackage to Mineral Point, 4.2 m.; total 30.fi1 miles
N. Y F. C. Letts, Chicago; F. A. Chamberlain and F. E. Kenasto
Minneapolis. -(V. 105, p. 1104, 1419, 2366.)
1916^'g r o s s ^ 25,^58’; not?$3^569;SP J M -l^ 'g ro M ^ I^ O s/L b ® ^
Int., taxes, A c., $39,312: bat., def., $25,341. Pres., Thos. D . Jones, Chi
MINNEAPOLIS ST. PAUL & SAULT STE. /MARIE RY.— Owns main
cago; V .-P .. A. P. Cobb, New York.
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North Dakota,
MINFRAL RANQE R R .— Houghton, M ich., to Calumet, M ich., 14 m.
at International boundary line, there connecting with Canadian Pae.. 1,040
H a n c o ck to Mohawk, 20 m.; branches, 30 m.; South Range exten., K e miles; branches, Hanklnson, N. D ., to Max, 305 miles; Glenwood, Minn., to
Noyes, 265 miles; Thief River Falls, Minn., to Kenmare, N . D ., 296 m.;
weenaw Bav to Riddle Jet., 36 m.; trackage, 3 m.
.... .
In 1895 paid dividends of 10)4% : In 1896, 7 % ; 1897,7% ; 1 8 98,3 )4% ; Fordvillo, N . D ., to Drake. N. D ., 131 miles; Moose Lake, Minn., to Plum
mer. M inn., 193 m.; Wishok, N. D., to Pollock, 70 m.; Brooton to Duluth.
none since. Stock, $1,500,000; par, $100.
BONDS.— Consols for $1,000 are reserved for $3,000 old bonds. Of the Minn.. 188 m.; Lawler to Ouyuna, 36 m. (V. 91. p. 912, 787); other
$593 000 outstanding, $339,000 are 5s; the Can. Pao. on June 30 1916 owned branches, 598.45 miles: spurs, 7 m.; Fairmont A Voblon R y.. lalrmont to
the remaining $254,000 (which are 4s) and the $1,000,000 gen. mtge. 4s, Grenville, S. D ., 87 m.; total operated June 301916, 3,139miles; also track
both of which It guar, as to Int. V. 75. p. 554. See V. 73. p. 556. 616. V. <3, age to Minneapolis, St. Paul, Sault Ste. Mario, Duluth, Superior and
p. 785. Of tonnage In 1915-16. 90% was ores and mining products. Equip, Ironton. 30 miles; leases Wisconsin Central R y. (which soo), 1,12/ miles;
less Joint trackage, 68 m.; total operated, 42.28 milos. Owned but leased
trust notes June 30 1916. $502,607. including deferred interest.
to Minnesota N. W. Elec. Ry.. Thief River Falls to Goodridgo. Minn..
EARN IN G S.— For 6 months ending Dec. 31:
18 miles. Late In 1916 became interested In Spokane International Ry.;
Balance.
Charges.
Six Months—
Gross.
Net.
Olh. Inc.
$79,095 def .$4,057 Edmund Pennington being now Pres, of both cos. V. 104, p. 1899.
.........$598,014
$69,106
$5,932
1917
sur.59,058
HISTORY.— A consolidation In 1888 of Mhm. Sault Ste. Marie & AtL.
78,453
i 9 i 6 : : : : .............535,213
134,499
3,612
& Pae., Ac. See V. 46, p. 538, G09; V. 77, p. 628.
REPORT — For year 1915-10, gross, $1,073,472; net, $253,832; other Minn.
In 1909 51% of Wisconsin Cent. com. stock was purchased, affording a
1nc., $7,122; charges.3186,270; sur., $ 7 4 ,6 8 4 .-(V . 106. p. 189.)
Chicago connection, the road being leased for 99 years from April 1 1909:
MINNEAPOLIS RED LAKE & MANITOBA RY.— BemldJI to Redby, i l l . 176.800 4% leased line ctfs. were Issued (to June 1917). secured by the
Minn . 33 )4 miles. Stock, $100,000; bonds (see table). For year ending Wisconsin Central pref. stock. V. 88. p. 232, 564, 680; V. 98. p. 1668.
D ec. 31 1916. gross, $65,026: opor. exp., $55,355: not, $9.6/ 1; taxes, rentals Int. on Wise. Cent. 1st & ref. 4s ($5,810,000 out) Is guaranteed. V. 95, p. 90S.
The Central Terminal Ry., organized In 1911, on Apr. 1 1914 opened a
T ? J 3.sx T i. S & & :
new Chicago terminal to replace the facilities leased from the Illinois Central.
See BONDS below. V. 93, p. 1463. 1387, 871. 285; V. 95. p. 745.
MINNEAPOLIS & ST.
Road Owned—
Miles
STOCK.— Canadian Pacific in Jan 11917 owned 512.723,500 common and
Branches ----------------------------- 129
Minneapolis to Angus, l a . ----- 260
$6,361,800 preferred. Preferred stock has a prior right to 7% (non-cum.);
Leases (All Stock Owned)—
Des Moines to Ruthven, la — 137
then com. to 7% ; then share pro rata. V. 75, p. 549; V. 92. p. 882.
la.
C.
A
W.,Belmond
to
Algona
37
Hopkins, Minn., to Leola, S.D.330
Trackage--------------------------- 109
Conde to Le Beau, S. D - - - - - - 1 1 5
’03. '04. ’05. ’06. ’07, ’08. ’09. 1910 to Oct. 1917
DIVIDENDS.Iowa Jot.. 111..,to Northwood 375
, R ± 7 Common_________ % J 2 4 4 4 4 6 6
7 yearly
Total owned and operated Dec. 31 1916---- ------- --------- -.--1,04/
BONDS.— Can. Pao. guarantees 4% Int. on all old bonds assenting to a
Leases to C. R. I. & P .. Albert Lea to Iowa Line. 13 m ., Incl. above.
ORGANIZATION.— Incorporated In Iowa June 30 1916 (V. 103, p . 145) reduction of Int. to 4% : also on consols of 1888. (See V. 50. p. 784; V. 51,
as a consolidation o f Minn. & St. Louis RR. o f Minn, and Iowa (V. 59. p. 239.) About one-half Minn. A Pao. bonds and practically all other Issues
assented. Abstract of Minneapolis Sault Ste. Marie A Atlantic value. In
d 371; V. 93, p. 1668), and Iowa Central & Western R y., per plan of Fob.
1916. This plan (V. 102. p. 522, 529) provided, through subscriptions by V. 45, p. 243. The Consolidated mortgage of 1888, abstract V. 47, p. 142,
shareholders (underwritten), $4,530,200 cash to retire on Aug. 1 1916 was for $21,000,000 on 800 miles (sufficient of this reserved to retiro prior
$2,500,000 6% gold notes due Fob. 1 1916. and all outstanding bills Payable, bonds) and for $20,000 per mile on all additions. Outstanding amount Is
however, restricted to three times the stock. In 1915, $2,637,000 5s wore
the reduction of accounts payable, &c. V . 103, p. 2163, V. 104, p. 2240.
V. 94, p. 351; V. 73. p. 185; V. 78, d . 820; V. 79, p. 1332; V. 80.
STOCK — The now consolidated company has an authorized capital Issued.
p. 651; V. 87. p. 1011, 1664: V. 89. p. 779; V. 91. p. 1026: V. 95, p. 544.
stock of $26,000,000 (par $100), all of one class, of which there was Issued V. 98, p. 1316; V. 100. p. 812; V. 103, p. 321. As to 2d 4s. soe V. 68, p.
forthwith $25,792,600, the remainder to be reserved for future needs. 669, 771. 977; V. 71. p. 845; V. 85. p. 1646; V. 96, p. 1089.
The Chicago Terminal 1st M. 30-ycar gold 4s ($20,000,000 auth.) are seDIV1DS.
1 ’97. ’98. ’99. ’00. ’ 01. ’02. ’03. ’04. ’05 to Jan.’ lO.
Preferred......... 3
3)4 4)4 5
5
5
5
5
5 yearly
None oured under a Joint mtije. with Central Terminal Ry. on the terminals for
1 )4 4
5
5 2)4
0
smco the Minn. St. P. & S. S. M. and Can. Pao. system lines. They are subject
Common...........J----- None----BONDS, AO.— Bonds due 1927, Nos. 1.101 to 1,400. for $500 each, addi to call on any Interest date beginning Nov. 1 1916 as a whole at 105 and
tional to those above, were assumed by B. C. R. A N. (now C. R. I. A P .). must be called yearly, beginning Nov. 1 1916, at 102 )4 by a sinking fund suf
First Refunding mtge. of 1899 Is limited to $13,244,000. 1 he mtge. Is a ficient to retire issue at or before maturity If not purchasable for less. The
1st lion on 277 miles o f road. A c., and a blanket lion on rest o f proporty. $6,000,000 bonds sold represent cash Investment equal at least to their par
V. 68, P? 187. 332; V. 79. p. 2147; V. 80, p. 2220; V. 87. p. 1420; V. 88, p. value, the remainder being reserved for not exceeding 80% of cost of exten
sions and Improvements. V. 93, p. 1463: V . 95, p. 745
^ T h e °‘^Refundlng°and Extension” 50-year bonds, dated Jan. 11912 ($75,
R E PO RT.— Report for year onding Doc. 31 1916, V. 104, p. 1893.
000.000 auth. Issue) are secured by a general lien on properties now owned,
— M . St. P. & S. S. M .----------Wisconsin Central----subject to existing liens, and, through the retirement of the bonds of the
1917 (not 1916.) 1916. 1916 (not 1917.)
1915.
Minnesota Dakota & Pacific Ry.. became a first lien on the property of said A ver, miles operated ___
3,168
3,168
1,126
1,122
M D & P R y.. constituting the recent extension to the Missouri River. Operating revenues ____ $20,726,280 $21,576,320 $12,895,765 $10,682,248
229 fi’ miles* they will also bo a first Hen on contemplated extensions;
ot earnings ____________ $6,631,510 $9,518,175 $5,712,317 $3,931,128
*2 500 000 were sold In 1912, and $5,500,000 deposited under the notes N
1,103,252
59,334
50,383
due Feb. 1 1916.
The $2,500,000 notes wore paid o ff Aug. 1 1916. Other incom e __________ 1,492,804
Of the remaining bonds, $39,891,000 were reserved to retire a like amount
Gross Income_________ $8,125,314 $10,621,427 $5,771,651 $3,981,511
o f underlying bonds, $1,036,000 to retire equipment obligations, $11,073. Int.
on Wis. Cent, leased
____ _
000 for Improvements, 2d track, A c., $3,000,000 to purchase rolling stock
line certificates______
$446,894
$446,894
and $10,000,000 for additional road, or terminals. V. 93, p. 1688; V. 94, Other
fixed chgs., taxes
___
p. 279, 487, 631; V. 96. p. 136; V. 98. p_. 1318
3,166,170
3,259,188
& terminal rentals__ 4,931,900
4,915,938
Prcf. dividends________ (7)882,238 (7)882,238 (4)450,612 (4)450,612
were
Common dividends (7%) 1,764,476
1,764,476
1st 6s (S6UIMJUU auin. issue; are aiau «uar. » . l>lf, v
In Feb. 1917 issued $1,700,000 equipment trusts covering 1,000 40-ton
Balance, surplus_____
$99,716
$2,611,881 $2,061,851$364,729
box cars and 500 50-ton coal cars. V. 104, p. 952. Equip, trust ctfs. of
Substantially the entire amouut of pref. dlvs. of the Wisconsin Contral
1915, see V. 101. p. 1714. 1629.
are paid to the “ Soo” company proper and Included in Its other Income.’
EARN ING S.— 12 mos.,J1917___ Gross, $11,005,063; net,*$2,589,818
— (V. 103, p. 145, 321. 1119, 1207, 1888. 1981.2238; V. 104, p. 1893, 1899;
Jan. 1 to Dec. 31.
(1910-----Gross, 10,995,223; net, *3,196,079
V. 106. p. 499.)
* After allowing for additional income, total net earnings were $2,765,522
this year, against $2,842,623.
MINNESOTA TRANSFER RY.— Union road owning 13.54 miles, ex
tending from Junction with Cnlo. Milw. A St. Paul at Merrlam Park to Frid
ANNUAL REPORT.— Report for cal. year 1916 In V. 104, p. 2224, 2240,
ley (with stock yards, Ac.); side tracks, 89.53 miles; total, 103.07 miles.
— Years ending Dec. 31--------Years cnumg June 30—
1916.
1915.
1916.
1915.___ V. 104,p. 1045. Stock, $63,000, equally owned by Ohio. Milw. & St. Paul,
Gross earnings__ ____ $10,995,223 $10,319,210 $10,721,512 $10,111,975 Nor. Pae., Chic. St. Paul Minn. A Omaha. Minn. A St. Louis, Chic. Burl. &
N etfafter tales....$3,198,632
$3,030,925 $3,229,511 $2,743,203 Quincy. Great North., Chic. Great-West,, Minn. St. Paul & Sault Ste. Marie
Other incom e___
80,627
100,858
98,002
94,434 and Chic. Rock Island & Pacific. In July 1916 mado a new 1st M . for
$3,500,000. callablo all or part at 102)4, beginning Feb. 1 1922; somi-ann.
Total net income_$3,279,259
$3,131,783 $3,327,513 $2,837,637 sinking fund from 1917. >4 of 1% . V. 104. p. 1045.
Intorest on funded debt. $2,092,504 $2,143,803 $2,149,928 $2,139,649
MISSISSIPPI CENTRAL R R .— Owns from a point 14 miles south of
392,684
Hire o f equipment------145,547
42,659
354,481
118,699 Hattiesburg, Miss., to Natchoz, 164 miles. Stock auth. and outstanding
Miscel. dociuctions_____
291,090
501,523
170,859
July 1916, $3,940,000; par, $100. Dividends of 6 % yearly paid to Oct. 1
1907; 1913. 1%: 1914 to Fob. 1918, 2% (1% F. & A .). ___ ___
Balance, suiylus........., $750,118
$443,798
$652,245
$186,604
Bonds.— 1st M. bonds dated July 1 1909, limited to $10,000,000, are Issu
Chairman, Ohas. Hayden: Pros., W . II. Bretnner, Minneapolis; V.-P. A
able at $25,000 p. m.; they are subj. to call by lot at 110 for yearly sinking
Treas. F. H. Davis, N . Y .; V.-Pres., F. P. Townsend: Gen. M gr., R. G. fund
of $49,200; also as an entire issue at same price. They are guar.,
Kenly Minneapolis: V .-P ., J. S. Bacho, Now York; Sec. AJAsst. Treas
p. A 1.. by U. S. Lumber Co. V. 88.p, 1561.
A. O. Doan, Now York. Offlco, 25 Broad St.
F e d ., 19L8.]
RAILW AY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
M inneapolis St Paul & Sault Ste Marie (Concluded)
1st cons M g. lnt guar (end) ($2,637,000 5s).Ce.xo* 3.158
Second mortgage $5,000,000 gold lnt guar____Ce.x 3.158
Chicago Terminal Joint 1st M g red text-G.xc*<3cr*
Oar trust Ser B due $61.000seml-annuallly----- Ce.x
do
Ser C gold due $60,000 semi-annually. C ex
do
Ser D g due $51,000 s-a (V 95. p 750) - - .x
do
Ser E k $159,0003-a (V.96.p.203) ...O - x c
do
Ser F due $64,000 s-a (V 97. p 1663). d P c*
do
Ser G duo $75,000 s-a (V 103 p 1888).Em.c
Fairmont & Veblln R y 2d M bonds...................... .....
M innesota T ransf— 1st M gcall 102H 1922 s f c*&r*
Miss Cent— 1st M $10,000,060 g gu redj (text) .-G .xc*
Miss Riv& Bonne Ter Ry— lstM $2,500,000 g red 105x
Mo&ill Br& Belt— St CM & St L B 1st M red g.SSt.zo*
Consolidated mortgage $2,000,000 authorized g ._ x
Missouri Kansas & Texas— Common stock---------Preferred stook 4% non-cumulative____________
1st M g(ln '16 Gent Tr Go resigned as trustee)_Us.z
Second mortgage g o ld ________ _____ ________ Ba.z
First Extension mortgage gold $3,254,000..Cc.xo*
St Louis Division First Refunding mortgage.F.xxo*
Missouri Kansas & Eastern IstM gold assumed— xx
Second mortgage guaranteed, being retired— xx
Sh Sh & So 1st M ($20,000 p m) g ass______Cc.xxo*
Kansas City & Pacific 1st M gold assumed ..F r.xo*
M K & Okla 1st M $5,468,000 g assumed ...C e.x o*
Texas&Okla 1st M $2,347,000 gold assumed.Ce.xo*
First & Ref mtge $40,000,000 gold (see te x t)...F J t
Gen M $20,000,000 gold sink fund red at par.N.xo*
S W O & Imp 1st M assumed sink fund call 125..F*
Consol mortgage $125,000,000 gold authorized.. .x
Two-year seour g notes ext,In 1915 red 101--Ce.xo
Equlpt trust notes gold $95,000 due s-a call par.Cex
do
do
Series A $34,000 due s -a ------------ CP
Securities o f Allied Companies—
„
Dallas & Waco 1st M $20,000 p m ggu p &l-Ce.xxo*
M K & T o f Tex Receivers’ certif $3,000,000 au th ..
M K & T of Tex 1st M $20,000p m — Ce.xxo’ lGu.p.
Boonv Bridge IstM g sfdV.73,p.494.Ce.zo*j& 1..
Amount
Outstanding
1888
$ 1,000
1899
1.000
1911 1.000 &c
1910
1,000
1911
1.000
1912
1,000
1913
1,000
1913
1.000
1916
1,000
1913
1916
1.000
164 1909
500 &o
65 1911
1,000
1901
1.000
1904
1,000
100
100
1.599 1890
600 &o
1.599 1890
500 &o
163 1894
1,000
1901
1.000
162 1892
1,000
162 1892
1,000
182 1893
1,000
130 1890
1,000
227 1902
1.000
117 1903
1.000
1904
100 &o
1906
1,000
1889
1.000
1910
1913
1,000
1913
1,000
1914
1.000
66 1890
1.000
1917 1.000 &c
225 1892
1,000
1901
1.000
E A R N IN G S .— 11 m os../1 9 1 7 -G ross, $862,493; net (aft. ren ts) , $251.689
Jan. 1 to N ov . 30.
\1916 .G ross, 762,356;net (aft. rents), 239,748
Rate
%
When
Payable
83
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$59,500,000 4 g& 5 g J & J July 1 1938
4 g J & J Jan 1 1949
3.500.000
M & N Nov 1 1941
4g
6 .000.000
305.000
4H A & O Apr ’ 18-Apr
420.000
4M g M & S Mar ’ 18-Mch
459.000
4H g J & D June'18-June
1.590.000
4 'A g J Sc .1 July’ 18-Jan
J Sc D Juno'18-Dec ’
5g
768.000
1.350.000
4H g M & N15 M ay’ 18-May’
A & O Apr 1 1928
6
800
F & A Aug 11946
5g
2.213.000
8 .8 0 4 .0 0 0
5a: J & J July 1 1949
5 g A & O Oot 1 1931
2.500.000
4 g J & J Jan 1 1951
758,500
4 g J & J Jan 1 1951
737.000
63,283,257
N ov 10 '13 2%
13.000. 000
4 g J & D June 1 1990
39.999,500
F & A June 1 1990
20.000.
000 4 g
M & N Nov 11944
3.253.000
5g
A & O Apr 1 2001
4g
1.924.000
A & O Apr 1 1942
4,000,000
5g
A & O Apr 1 1942
6g
58,000
1.689.000
5 g J & D June 1 1943
F & A Aug 1 1990
2.500.000
4g
5 g M & A May 1 1942
5.468.000
2.347.000
5 g M & S Sept 1 1943
9.992.000
4 g u & s Sept 1 2004
10,421,000
4 A e J & J Jan 1 1938
J & J July 1 1929
743.000
6
See text. See text A & 0 Apr 1 1940
19.000,000
6 g M & N May 1 1916
1.045.000
5 g J & D June'lS-June’23
5
J & J July’ 18-July ’24
442,000
1.340.000
2.166.000
4.505,000
5g
5
5g
4g
M &
F&A
M &
M &
ments in default, $577,848.
N
15
S
N
Bank o f Montreal, N Y
do
do
York & London
do
do
New York
Bank of Montreal, N Y
do
do
Girard Trust C o .. Phila.
New York
New
N Y and St Paul..........
N Y , Callaway, Fish & Go
1st N Bk. N Y & StLouis
St. Louis, M o.
„ 4
St Louis Union Trust Co
Cheeks mailed
June ’ 17 intpd Nov 26
Feb 1916 lnt unpaid
Nov 1915 lnt not paid
Apr 1916 lnt unpaid
Oct 1916 lnt unpaid
Apr 1916 lnt unpaid
Dec 1915 lnt unpaid
Aug 1917 paid Jan 1918
M ay ’ 17 lnt pd Oct ’ 17
March ’16 lnt unpaid
March ’ 16 lnt unpaid
Jan 1 1916 lnt unpaid
Jan 1 1916 lnt unpaid
Nov 1915 lnt not paid
Dec 1917 prin & lnt paid
Jan 1918 prin & lnt paid
Nov 11940
Aug 15 1918
Sept 1 1942
Nov 11951
May ’ 17 lnt pd Oct 17
' National City Bank, N Y
Sept 1916 lnt unpaid
M a y ’ 17 lnt paid Oct 17
V. 105, p. 710.
The earliest coupon unpaid
R E P O R T — For cal.year 1916 and years ended June 30, V. 103, p. 2073
Net, after Other
lnt. A
Dies.
Balance,
Gross
Taxes.
Income. Sink. Fd. (2% )
Sur. or Def.
Earns.
PROTECTIVE COM M ITTEES (seo V. 101. p. 1903, 1189. 1272):
1916......... $823,365 $255,991 $109,475 $249,531 $78,740 sur.$34.535
Two-Year Secured Gold Notes (Extended and Unextended).— Willard V
1915-16 ..$812,696 $269,851 $84,207 $254,200 $78,715 sur .$21 143 King,
Chairman; O, A, Austin, Sec., 60 Broadway, N. Y. Cltv; Central"
..............
..
210.615
78.564
254,200
78.660
d
e
f.l3
!6
8
1
1914-15 . . 771.427
Pros., F. L. Peck; Sec., G. F. Royco- Treas., E. S. Beck. Office, Hat Trust C o., depositary. Of tho $19,000,000 notes issued, $9,176,000 had
tiesburg. Fiscal agents, Callaway, Fish & C o., 37 Wall St.— (V. 105, p. been deposited. V. 101. p. 1093, 1553, 1973; V. 102, p. 1250, 1436.
First M . 4s due June 1 1990.— William Church Osborn, Chairman; Paul
1522.)
O. Tomlinson, Secy.; U. S. Trust Co.. N. Y ., depositarv. V. 102 d 67
MISSISSIPPI RIVER & BONNE TERRE R Y — Owns Riverside. Mo.
Dec. 1916 coupon was paid May 31 1917: V. 104. p. 2010.
’
on Mississippi River, to Doe Run, Mo., 46.44 miles, with branches, 18.10 m.Dutch Committee for 1st 4s.— Pres.. B. W. Van Vloten. V. 102, p. 154.
also 43.44 miles of industrial traoks; total tracks about 108 miles.
Second Mtge. Bonds.— E. G. Merrill, Pres. Union Trust C o.. Chairman:
STOOK.— Stock auth. and outstanding, $3,000,000: par $100. Divs. &
)v ?,d0.’ Sec-* 80 Broadway. V. 101, p. 1189. 2145; V. 102. p. 622
paid from 1900 to 1910. 6% ; 1910-11. 7% : *11/12. 6% : ’ l2 -’ 13. 5 % .
V ' 2077 2254:
V. 103. p. 239. 579. $4,978,000 deposited June 1917
B O N D S.— The $2,500,000 1st M. gold 5s of 1911 are secured by a closed
Dutch Committee.—J. H. Wysman, Amsterdam, President. V. 102.n. 154.
first mtge. on the property owned and hereafter acquired except about oneFlrsi Extension 6s 01 1894. John W. Flatten, Chairman; Ohauncey U,
half In value of the equipment, and further by deposit of a $2,500,000 Murphey, 55 Cedar St., N. Y ., Sec. V. 101, p. 1272; V. 102 d 345*
20-year 5% note of the St. Joseph Lead Co. They are redeemable at 105
St. Louis Division, First Mtge. Ref. Gold 4s.— Edwin S, Mars ton. Pres.
as a whole or by lot for a sinking fund of $25,000 yearly for first 6 years and
Farmers Ln. & Tr. C o., Chairman; Augustus V. Heely, 22 William St.
$50,000 a year thereafter. V. 93, p. 589. 871.
N. Y .. Secretary. V. 102, p. 67.
First A Ref. M . 4% Bonds.— Alexander J. Hemphill, Chairman; W . O.
EARNINGS.— 6 m os.,(1916.................... Gross, $468,411; net, $171,977
July 1 to Doc. 31.
11915.................... Gross. 405,655; net. 176.936
CoxkX,ce' Pres- of Guaranty Trust C o., as Sec. V. 103, p. 1508: V. 101
Eleven m onths.—
11917-Gross, $913,544; net (alt. rents), $185,357
p. 1093, 1189; V. 102, p. 522. $6,386,300 deposited June 1917.
Jan. 1 to N o v . 30.— \1916. Gross, 833,0o8; net (aft. ren ts) , 283,848 _ C em jralM tge.4A s.— Otto T . Bannard, Chairman: Herbert W. Morse.
Broad St., N. Y .; N. Y . Tr. C o., depositary. V. 101, p. 1093’
E A R N IN G S .— For year ending June 30 1916, gross, $844,940; not,
V. 102. p. 253. 1436. 1626. 1989. $5,185,000 deposited Fob. 1917.
$336,437. In 1914-15, gross. $693,635; net $310,923.
’
Southwestern Coal A Impt. 1st 6s. due 1929.— Chairman. Janies B. Col
Pres., Clinton II. Crane; 1st V .-P., E . C . Smith; 2d V .-P ., F . j . Thom ure;
gate; Sec., Sherwood E Hall, both of N. Y . Depositary, Farmers’ Loan
Troas. & Sec., F. II. Gearing. N. Y. offico, 61 B roadw ay.— (V. 101. p.48.)
& Trust C o., New York.
MISSOURI & ILLINOIS BRIDGE & BELT RR.— Has bridge 2.100 feet
Fief. Stock and Common Stock.— Alvin W . Krech, Chairman; J. Y . R ob
long across the Mississippi River at Alton, 111.; also 2 miles of road. Owned bins Jr., Sec. Equitable Trust C o., depositary. V. 101, p. 1272
by Cleve. CIno. Chlo. & St. Louis, Louisville & Nashville, St. Louis Iron
Missouri Kansas A EasternRy. 1st M . 0% Bonds.— Chairman, John W.
Mtn. & South., Balt. & Ohio, Missouri Pac.. Wabash, Cblc. Rock Island & Stedman; Sec., George E. Warren. 60 Broadway, N. Y. Depositaries:
Pac., Ohio. * East. 111., M o. Kan. Sc Tex. and St. L. Vandalia & Terre Columbia Trust C o., N. Y .; Conn. Tr. & Safe Dep. Co.. Hartford
M a
riauto (Penn. R R . system). Incorp.l n 1904 tw successor o f the St. Clair jority deposited. V. 102, p. 886; V. 103, p. 1210. 2238: V. 104. p 20107
Madison & St. Louis Belt R R . V. 79, p. 1642. 681; V. 103, p. 2156. Stock,
Kansas City A Pacific 1st M . 4s.— Chairman, Edward O. Delafield*
$2,500,000; outstanding, $187,000. Pres., Henry Miller; Sec. & Treas.. Sec., J. C. Traphagen, 46 Wall St. N. Y . Depositary, Franklin Trust
W. F. Bender, Railway Exchango Bldg., St. Louis.— (V. 103, p. 2156.)
tCd- V ' 102’ P’ 1 I & 1346' V - 103' p MISSOURI KANSAS & TEXAS R Y .— Operates a lino with north ? ? ' i 0?.-p Y 25«<?V“ I7&% pd«
Sherrhan Shreveport A Southern Ry. 1st M . 5s.— R. Walter Leigh Chalrern terminals at St. Louis, Kansas City, Junction City and Hannibal,
Mo., extending southerly across the Oklahoma and the Texas cotton belt man;^J°seph 8. Dale, 52^WUliam^St.. Sec^ Depositary, Columbia Trust
to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
M . K . A Oklahoma 1st M . 5s.— John W . Flatten, Chairman: U. S M tm
Tex., and Shreveport. La., with branches.
& Trust Co., N. Y ., depositary. V. 102, p. 800, 1346; V. 103, p. 60, 1687:
M .K.A T.Ry — Owned (1663\m.) Miles. M .K .A T.of Tex.-Over. (345 m.)—
V. 104. p. 1702. To June 17 1917, $2,849,000 had been deposited.
Jet. near St. Louis to Red River 629 •Tex. Cent.(99% stock owned) 309
Boonville Bridge 1st M . 4s.— Chairman, Robert Struthers Jr • Sec
Hannibal, Mo., to Franklin Jet. 105 •Wichita Falls R y ------m o t
Emerson W. Judd, 37 Wall St. Depositary, Metropolitan Trust C o ”
94 Wascom to Shreveport/owned.
K. C., Mo., to Parsons, Kan__
19 N. Y. V. 102, p. 1625. Majority deposited. V. 103. p. 320
Op.Jotntlyia.)—
-M
.K
.
&
T.Ry.(81
m.)
Parsons, Kan., to Okla. C ity .. 203
Dallas A Waco Ry. 1st M . 5s.— Theodore n . Banks. Chairman: Martin
27
Junction City to Parsons, Kan. 158 St. Louis to Machens, Mo
a-} S. Watts, Sec'y, 115 B ’way. N. Y. V. 104, p. 559; V. 105, p. 1898/
86 Kansas City to Paola___
K. C. June, to Paola, Kan_____
M . K . A T. Ry. of Texas 1st M . 5% Bonds.— Chairman, Jules S. Bache:
Dewey
to
Bartlesville..
4
Oklahoma City to Atoka........... 132
7 depositary, Empiro Trust Co., N. Y .; Sec., Edward P. Goetz 42 Broad
Osage Juno, to Verdark, O kla..
79 Moran to P lq u a ...............
roaa
410 way. N. Y . V. 102. p. 1060. 1540: V. 103. p . 6 1 . 844.
Fallls to Guthrto, Okla.............
23 Wichita Falls Lines____
Texas A Oklahoma Ry. 1st M . 5s.— F. N. B. Closo, Chairman; Perry B.
Other branches_______________ 154 (b) M. K . A T. of Tex.(155 m.)—
Boguo, 16 Wall St., Sec.; Bankers Trust C o., depositary. V. 101 d . 1189‘
Whltesboro to Fort Worth
71 V.
102. p. 154. 801. 887.
’P
cn
M .K.A T.of Tex.-Owned (1,153 m.)— Houston to Galveston..
Wichita Falis A N . IV. 1st 5s, 1939.— Chairman, Oscar L. Gubelman*
3 Secretary,
Red RIv.to Ilouston.vla F t.W . 357 Sou. Pao Connection. San'Ant’
F. W . Seymour, 120 Broadway. Depositary, Bankers’ Tr. Co
Denison to HUlsb., via Dallas.. 172 Austin to San Maroos (see lnt'
Y ., with Wisconsin Trust C o., Milwaukee, as agent. V. 105. d . 717 ’
<So Gt. Nor.; V. 94, p . 416)
31 N. Wichita
Whltesboro to Henrietta______
87
Falls A N. W. (Panhandle Division) 1st Lien Coll. Trust 5s, due
48 Jan.
Greenville to Shreveport........... 150 Beaumont Sc Great N orth ern "
1 1925. Chairman, Robert M . Lansing; Sec., John R . Gray, both of
(♦See this company.)
Other branches........................... 387
Chicago. Depositary Nat. City Bank of Chicago.'
Total operated Dec. 31 1916
3.865
Wichita Falls A N . W.
- -M
- . 5s.—- Elisha Walker, Chair
11'. Ry
Ry. First A- -Ref.
ORGANIZATION,&c.— Roorg. In 1890 without foreclosure. V.49.P.719. man; G. N. Lindsay, Sec., 25 Broad St., N. Y. Depositary, U. S. Mtge
As to Wichita Falls & Northwestern Ity. (placed In hands o f receiver in & Trust Co.. N. Y. V. 104. p. 73, 2453: V. 105. p. 73. Issued to Dec. 31
Juno 1917) and Wichita Falls & Southern R y.. see separate statements for 1917. $3,601,000. of which $519,000 Is owned by M . K . Sc T . R y. and $82 000 Is in treasury.
® ’
each, also committees below. V. 95, p. 1057.
Wichita Falls A Southern
Ry 1st M . 5s.— (a) Robert Elliott, Milwaukee;
mthem Ry.
RECEIVERSHIP.— Pros. Charles E. Schaff was on Sept. 27 1915 ap
Wm.
M
.
Buchanan,
Ben
.
BonJ.
F.
Taylor
(Sec.).
Depositary.
First
Trust
&
pointed receiver for tho company by the U. S. circuit Court at St. Louts.
........ .
, c „ UOTt.
. . 102, p. 977. (b)
x_, Truman
cago. V.
H. A
Newberry,
Hallgarten & Co. and J. & W. Scligman & Co. arc1preparing a reorganization Savings Bank. Chicago.
plan. V. 105. p. 909, 998, 1209. V. 102, p. 886. In D ec. 1915 Central Trust Detroit, Chairman; James R. Coulter, Sec., 804 Union Trust Bldg., Detroit1
Co., mtge. trustee, filed suit to foreclose Consol. Mtge o f 1910 (bonds all depositary. Security Trust Co., Detroit.
pledged as collateral) for default Oct. 1 1915., Tn April 1916 Farmors’ Loan
LAND GRAN T.— The U. S. Supreme Court on Nov. 9 1914 decided
& Trust Co. brought suit to foreclose the First & Her. Mtge. V. 103. n. against tho company the suit to recover the value of tho land grant in Okla
1119. In Feb. 1917 suit was brought to foreclose the $20,000,000 2d Mtge. homa, 3,110,400 acres, subject to Indian title.
(Seo below and V. 101. p. 1973) and In March 1917 to foreclose M . K. &
D IVIDEN DS.— On pref., 1906 to N ov. 1913, 4% yrly.; none since.
T.^Ry^ of Texas 1st M .— V. 104, p. 664, 1045. Filing of claims, V. 105,
BONDS.— M. K. & T. 1st and 2d mtges. of 1890 (abstracts In V. 51;
P’ ln Aug. 1917 $2,166,000 5% receiver’s certlflcajtaj1 were1 outstanding, p. 495) cover, besides right to land grant, 1,599 miles of road, including lino
on M . K. & T. Ry. o f lexas, ranking ahead o f Its $4,505,000 first mortgage Hannibal, Mo., to Boggy Tank (except 71 miles trackage), sundry branches,
bonds of 1892; $3,000,000 auth. VT 104. p. 764, 2343, 2462.
and Sherman Shreveport & Southern, but see below.
A report o f consulting engineers submitted In Oct. 1916 (see V. 103, p.
Missouri Kansas A Eastern bonds were assumed In June 1896. (V 63
1977) estimates tho amount required for new working capital and to clear p. 30.) V. 72. p. 1034; V. 75, p. 608.
°
|V<
the property (exclusive of bills payable, defaulted Interest and expenses of
Sherman Shreveport A Southern mtge., limited to $3,689,000. all Issued of
reorganization) at $9,636,000, and recommends a two-year rehabilitation which $2,000,000 pledged under M . K .T . & mortgages. Bonds were as
and betterment program involving further expenditures o f $17,000 000: sumed on consolidation In 1901. V. 72, p. 1034.1115.
total, $26,030,000. A 50% reduction In fixed charges was also advised!
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds. Issued
An elaborate roport made by Expert J. W. Kendrick to Speyer & Co.,
at $20,000 per mile, guaranteed, have been assumed. V. 74 d 1038
dated Jan. 22 1917, confirmed tho receiver’s estimate as to tho neods of the V. 75, p. 185, 733; V 77, p. 252; V. 78. p. 48; V. 79, p. 968; V. 102, p. 80o!
property for rehabilitation, new rolling stock, & c.,and estimated that,
The First and Refunding 4s o f 1904 are a second lien on 507 miles of
through those expenditures and Improved methods o f operation, a very con road and on tho first mtgo. bonds o f Denison Sc Washita Valley R y 4 7
siderable saving may bo made In working cost. A report by Receiver miles, and a first lion on terminals and equipment of estimated value of
Schaff In March 1917, loss optimistic, rocoinmends the expenditure of $16, $24,380,000. V. 79. p. 968, 1281, 1332; V. 80. p. 222, 712; V /8 1 , p. 613;
000,000 on the property In tho next four years. V. 104, p. 1592, 664. 650; V. $2, p. 987, 1497; V. 86, d . 1101; V. 88. p. 158, 295.
V. 105, p. 998, 1104. Application for a co-receiver was denied in Oct. 1917.
Gen. M.g4 ^ s . V. 82, p. 692; V. 84. p. 1551; V. 85, p. 346, 654; V. 88.
V. 105. P. 1617, 1104, 998, 909.
Default— Interest Payments.— On Dec. 31 1916 tho Interest matured since
Consolidated mortgage of 1910 Is limited to $125,000,000; $66,000 000 re
Sept. 27 1915 remaining unpaid aggregated $5,242,828; sinking fund pay served primarily for refunding and the remainder are Issuable only under
R A ILW A Y STOCKS A N D BONDS
84
lF o r
R A IL R O A D C O M P A N IE S
a b b r e v ia tio n s , & c . , s e e n o te s o n f i r s t p a g e ]
Mo Kan & Tex (Con)— Katy Off Bldg Co 1st M .c*&r*
Tex CentlstM$2,000,000g redll0($150,0004s) F.xc*
Wichita Falls & N W 1st M g red 105------FC.xc&r
Pan Handle Dlv 1st coll Hen M gold s f-_F C .xc
Flrst& Ref M gold red 105____________ Ustn.xc*
Wichita Falls & So 1st M $780,000 g gu s f..F C .x c *
Beau & Gt No 1st M g $17,500 p m red 102 H ----- Q
San Antonio Belt Sc Term Ry 1st M notes g text-_c
Mo & N Ark R R — Rec ctfs $2,600,000 red par------- -
Mo Okla & Quit RR — 1st M $20,000,000 (text).S bt
Mo Okla & Qulf Ry— Receiver's certlflc’s $1,750,000
First M $10,000,000 gold--------------------------- SSt.c*
Second M gold-------------- «.--------------------------------- -
M o Okla & Gulf Ry o f Tex 1st M $l,000.000.-S St
Missouri P acific RR (New Co), as per modified plan:
Common stock (auth $200.000,000) -----------------Pref stock 5% convert cum 1918 call 107H -------First & Ref Mtge gold................... - ..............Q .c*& r*
Series A callable on or after 1921 107 H & ln t -.y
Series B callable (all) par Sc Int________________y
Series O callable (all) par & lnt------------------------y
Gen M $53,000,000 g call par aft 1920— Bayc*&r*
(1) Missouri Pacific Railway Securities Outstanding
Pacific RR of Missouri 1st M ext In 1888 gold— Ba
Second mtge ext in 1891 in gold St Li to K O.XC*
First mtge St Louis real estate ext in 1892 gold.x
First mtge Caron Br g gu p & t (end) ext 1893— z
Third M ext 1906 red 105 (V 83, p 492,134~
Lexington Div 1st M (in default), M o, gold
Missouri Pac consol mtge gold---------------------- --zc*
Equip notes series 2 due $147,000 s-a red par__Ce.x
Equip notes series 3 gold $14,000 s-a----------- . - —
Central Br Un Pac 1st M g (in default)---------Un.x
Central Branch 1st M gold (in default)------------ Bax
Ler& C an V I s t M g g u (V 70,p 1095) (in default)zc*
Verdigris Val Indep & W 1st M g guar----------------z
(2) Former St. Louis Iron M t. A So., &c.—
Gen Cons & L ’d Gr't Mtge ($45,000,000) g B a.zc*
Unifying & Refund M gold $40,000,000-Mp-xc*&r
a Includes amount reserved under plan to retire cer
M ile s
R oad
D a te
B onds
" '3
R a te
%
$200,000
5H g
2 ,000,000 4 & 5 g
6g
2.133.000
6g
843.000
6g
3.601.000
6g
729.000
5g
883.000
1.750.000
1.849.000
5
6,704,100
5g
1.720.000
5g
7.007.000
1.467.000
S*
350.000
1912 $500 &c
1,000
1893
1,000
1909
1,000
1910
1,000
1911
1,000
1908
1,000
1909
1,000
1916
250 &c
1915
1,000
1911
1.000
1915
100 &c
350 1904
309
154
67
378
62
49
1911
When
Payable
J Sc
A Sc
J Sc
J <&
J Sc
J &
J Sc.
A Sc
M Sc
M Sc
F&A
\r Sc
M Sc
L a s t D iv id e n d
an d M a tu rity
P la c e s W h e r e I n te r e s t a n d
D iv id e n d s a r e P a y a b le
Dec 1917 Int. paid
61 Broadway, N Y
July 1917 int paid
Jan 1917 Int paid
Jan 1917 int paid
J u ly '17 Int pd Dec 26 17
61 Uway, N Y , Jan *18ip ’d
Chase Nat Bank, N Y
Merc Trust Co, St L, Mo
Nov 1913 coup not paid
Fidelity Tr Co, Kan City
Nov 1913 coup not paid
do
do
do
do
D Dec 1 1932
O Apr 11923
J Jan 1 1939
J Jan 1 1925
J Jan 1 1940
J Jan 1 1938
J July 1 1939
O Apr 1 1919
N May 1 1918
N Nov 1 1961
2(1 Indefinite
N Nov 1 1944
N June 1 1925
Jan 1941
100 82,839,500
100 a71.800,100
6.691
6.691
6.691
6.691
1917
1917
1917
1917
~ 285 1868
1871
1872
13 1873
1876
55 1880
755 1880
1911
1914
100 1898
288 1899
52 1886
84 1886
600
500
500
500
&c a24,238,000
&c 13.641.000
&c 9.044.000
&c a51,350.000
1,000
1,000
500 &c
500 &c
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
6.998.000
2.573.000
800.000
237.500
3.828.000
214.500
5.817.000
1.176.000
196.000
1.628.000
120.000
2,000
806,000
1,000 43.090.000
1,498 ’81-’87
1,000 30.551.000
611 1899
See text.
tain of tho old bonds
restrictions. The bonds were on Dec. 31 1916 secure
$13,073,000 bonds and ?6,624,600 stocks. Including $4,776,000 M .K .& T .
Term. Co. of St. Louis 1st 5s. $6,830,000 M. K. & T. gen. 4 <Aa. $1,310,000
Texas Central pref. and 52.672,300 common stock, and by a llen on tne
property o f the M . K. & T . subject to existing lions. On Dec. 31 191b
$30,292,000 of the Consolidated bonds had been issued, o f which $25,82o,U9U
were pledged to secure tho $19,000,000 two-year notes due as extended
M ay 1 1916. and1$4,467,000 wore pledged as security for bills payablo.
As to foreclosure suit, see above. V. 92. p. 725. 795: V. 90. p. 1491, y .
91, p. 336: V. 92. p. 1179. 1375. 1500. The $19,000,000 Secured gold
notes dated M ay 1 1913 wore oxtended 'May 1.1915 for one year at 6
V. 98. p. 1229; V. 100, p. 1349, 1150: V. 101, p. 840: V. 104. p. 1045.
M .K . & T.o/T ex.m tgo,.510,000,000. V. 56. p. 604;!V, 102, p.1000, 1626
Tho Southwestern Coat A Improvement Co.'s bonds arc guaranteed. Mort
gage ($1,000,000) covers coal lands in Indian Territory: the company also
owns 2,350 acres additional, Don. & Wash. R y .. 4.7 miles, PJ‘P®S>^CC: _
In May 1913 sold $1,900,000 5% equip, notes. V. 96, p. 1489. In Aug.
1915 purchased rolling stock for $895,475, of which $50,000 paid In cash and
remainder due In yearly rental payments. V . 101, p. 694.
ANNUAL REPO RT.- -Report for 1916 In V . 105, p. 710:
June 30
--------------- Years ending D ec. 31----------1914.
1917.
1916.
1915.
3,82
3,866
3,865 . . . . 3,865
Gross ^earnings________ $43,444,150 $36,733,682 $32,453,462 $31,917,924
Operating exp. & taxes. 35,129,225 30,986,360 24,761,185 24,726,353
$5,747,322 $7,692,277 $7,191,571
Operating income____$8,314,925
$6,143,711 $7,921,966 $7,408,849
Net income___________ $8,135,085
$6,577,652 $6,558,058 $6,319,872
interest on bonds, &c_$6,655,512
549,750
849,026
700,693
Rentals, &c___________
______
Balance, sur. or def.sr.$1,479,573df.$1134,634 sr.$514,881 sr.$539,227
Pres. & Receiver, O. E. Schaff, St. Louis; V .-P ., O. Haile and C. N .
Whitehoad, St. Louis, and W . A. Webb, Dallas, Tex.; Sec., E. F. Broom
hall, Parsons, Kan.; Comp., Geo. T . Cutts: Troas., F. Johnson, St. Louis
Agont for Receiver, J. B. Barnes, N . Y . City.
Directors.— W . W . Brown, Parsons, Kan.; Geo. W . Simmons Edw. A.
Faust and Charles E. Schaff, St. Louis; Frank Trumbu I (Chairman).
Harry S. Black, Stuyvesant Fish, Walter S. Crandell, Lewis B . I*ranklln,
A. J. Miller, Horace E. Andrews, F. H. Davis, E. R . Tinker, N . Y ;
Frank P. Frazier, Chicago; Edward S. Rea, Coffeyvllle, Kan.; David Mulvane, Topeka, Kan. Office, 61 B ’way.— (V. 106, p. 296, 396.)
MISSOURI & NORTH ARKANSAS RR,— Joplin. Mo., to Helena, Ark.
365.24 miles, of which Neosho, Mo., to Joplin. 19 miles, and Seligman, M o.
to Wayne, 9 miles, are trackage. V. 86, p. 168; V .82 p. 569,1269; V.83,p.39).
FestusJ. Wade of St. Louis is now sole receiver. V. 94. p .983.
In April 1915 $2,500,000 8% 3-year receiver’s certfs. secured by a first
Hen on the property wore authorized, of which $2,062,750 were sold to retire
the outstanding $1,472,000 certfs. due M ay 1 and for lmpts.,&c.V.100,p.2010
Stock authorized, $25,000 per mile. Entire stock and bonds are
pledged to secure $8,000,000 5-year 5% gold notes of the Allegheny
Improvement Co. V. 85. p. 99. In Feb. 1917 suit was bnmght toforecloso of the notes. V. 104, p. 664. Outstanding Feb. 1918, $8,340,000
each of stocks and bonds. Car trusts outstanding Dec. 31 1917, $13,294
Balance,
Net after
Other
Interest,
EARNINGS.—
Gross
Surplus.
Taxes.
Income. Rents, Ac,
Years ending— Earnings.
$88,004
1917......................$1,417,969 $227,895 $150,824 $290,715
51.128
217,420
96,404
262,696
1916......................1,310,935
Chairman, D. R. Francis; Pres., John SculHn; V -P ., _ _ _ _ _ — . . . . . .
(V. 94. p. 1566; V. 100. p. 1592, 2010; V. 104, p. 664, 952; V. 105, p. 1209.)
MISSOURI OK LAH OM A & QULF RY.— Owns and operates 205-3
miles of main track and 41.3 miles of sidings, extending from Wagoner to
Red River, via Muskogee and Henryetta; Dewar to end of track. 9 m .. and
Junction to Lowerree, 2.4 m.; Junction to Bromide, 4 m.; M o. Okla. &
Gulf RR. (V. 96, p. 1022), Wagoner, Okla., to Baxter, Kan., 98.6 mlle3,
completed Dec. 1912 and projected to Oklahoma City, Dallas and Fort
Worth. V. 93. p. 469; V. 97, p. 887. In Aug. 1915 the M o. Ok. & Gulf
R y. o f Texas arranged for trackage from Denison, Tex., to Dallas and Fort
Worth, and now owns and operates 9.1 miles Red River to Denison.
On Dec. 11 1913 receivers wore appointed for the M o. Ok. Sc Gulf R y .,
M . O. Sc G. R R . o f Okla. and M . O. & G. R R . of Kansas. Alexander New
of Kansas City and Henry O. Ferris of Muskogee, Okla., are now receivers.
V. 100, p. 1257. All Nov. 1913 coupons were defaulted. V. 97. p. 1823 ;
V. 98, p. 236. In Feb. 1915 authority was given to Issue $1,750,000 prior
lien receiver’s certificates for Improvements, additional engines, re-ballaatlng and better terminals, of which $1,500,000 is outstanding. The certifi
cates cover both railway and^rallroad. V. 100.p. 734.901; V. 99. p. 1366.
BONDS.— Railway 5a o f 1904. $25,000 per mile. V. 86, p. 1043; In
July 1912 $7,007,000 had been sold. V. 88. p. 686; V. 90, p. 977. 1171,
1363. M o. Okla. Sc Gulf R R . 5siof 1911 wero offered in France In 1912.
V . 97. p. 444 , 487 , 698. Equipment notes ..Feb. 1 1917, RaUway C o.,
$589,530; Railroad C o., $168,282.
EARN INGS.— Years ending Dec. 31 1917 and June 30 1916:
Years
Gross
Net, after
Other
Interest, Balance,
Ending—
Earnings.
Taxes.
Income.
Rents, A c. Deficit.
Dec. 31 1917____$1,935,962 $254,523 def.$10,870 $296,017 $52,365
June 30 1916........ 1,416,301 loss88,726
cr.33,237 671,567 727,056
— (V. 100, p. 1257; Y . 101, p. 449, 923; V. 106, p. 607.)
MISSOURI P A CIFIC ’ R R .— (.See M ap.)— Operates an important sys
tem extending from St. Louis. M o ., to Omaha, N ob., and Pueblo, Colo.,
via Kansas City, M o ., and also to Texarkana, Ark., Lake Charles, La.,
and Johnston City, 111. Total about 6,793 miles of first main track, viz.;
A m ount
O u ts ta n d in g
Par
V a lu e
[ V o l . 106
6
6
5
4
g
g
g
g
F Sc
F Sc
F &
M Sc
A
A
A
S
Feb
Jan
Aug
Mar
1 1965
1 1923
11926
1 1975
do
do
do
F Sc A Aug 11938
4 g
5 g J Sc J July 1 1938
M Sc N M a y l 1938
6g
4H g A Sc O Oct 1 1938
M Sc N July 1 1938
4
F Sc A Aug 1 1920
5g
M Sc N Nov 1 1920
6g
M Sc N T o Nov 1921
5
5 g J Sc D To Dec 1 1924
4 g J Sc D June 1 1948
4 g F Sc A Feb 1 1919
5 g J Sc J July 1 1926
5 g M Sc S Mar 1 1928
5g
4g
A
J
do
do
do
do
do
do
do
do
do
do
do
do
do
In default
„
C o’s office,120 Bway.NY
Central Trust Co, N Y
Girard Trust Co, Phlla
In dofault
In dofault
In default
C o’s offico.120 Bway.NY
do
do
Sc O
Sc J
do
do
Missouri.......... 1,444 m. IColorado..............152 m. lLouisiana............571 m.
K a n sa s........... 2,211 m .llllinois................. 194 m. (Oklahoma........... 162 m.
Nebraska_____ 348 m . |Arkansas------- 1 ,7 0 9 m .I
Also owns all, or substantially all, of the capital s t o c k o f ^ rtaln oth er
subsidiary railway companies which own In tho aggregate 107 miles of first
main track. Also has trackage rights over about 193 miles of the main line
of tho Tex. Pac. R y. in Louisiana which affords It an entrance to Now O rl.
ORGANIZATION.— Incorp. In Missouri March 5 1917 and about June 1
V. 104, p. 863, 1899. (As to K. O. & N. W., R R .’, see V. 104, p. 1591, 2010.)
The Missouri Paclflc H R. Co .7 which .nJune ^917 o w n e d M 30% of
the stock of the Denver & Rio Grande R R ., arranged In Oct. 1917 for closer
relations with that company. As to receivership in 1918, see that company.
V. 105. p. 1420. 1618. Alsoowns$23,703,000 2dmtgo.bonds of the rexas &
Pacific R y. These are pledged as part security for the Unifying Sc Ref.
Mtge. 4s of the former St. Louis Iron Mtn. & Southern Ry., Co.
Official statement as to properties, securities, & c.
V . lOo, p . 498, 1802.
OLD BONDS. ALL ISSUES.— See issue of June 26 1915. Remnant*
of five old bond issues included In plan of reorganization are still belmg ex
changed under terms of plan, viz.. Consol. 1st 6s and Lexington Dlv. 5s
of 1880. Cent. Branch and dent. Br. U. P. 4s and Leroy & Canny Valiev
5s, tho four Issues last named being In default In Feb. 1918. V. 105, p. 4J8.
STOCK.— The now stock lssuos (compare V. 101. p. 131) embrace:
(1) New Convertible 5% Pref. Stock (p. Sc d .)— Cumulative from Juno 30
1918. Convertible at holders’ option at par Into common stock at par,
subject to adjustment of dividends. Callable by company as an entire
tcqnn n.t. 10714% and dlv.. subject to conversion privilege. Full voting
powor?^Authorized, $100,000,000. Presently issuable not over $71,800,100,
Fncluding $216,500 reserved in Oct. 1917 to retire $ for $ when presented.
$214,500 Lexington Div. 5s and $2,000 Leroy Sc Oaney Valley 5s.
(2) New Common Stock, auth., $200,000,000: presently iss. *82,839.800.
All tho common and pref. stocks issued aro in a voting trust expiring
April 1922 or earlier, at option of trustees. The voting.trustees are Otto
H. Kahn, James N. Wallace and Robert Winsor. V. 104, p. 2343.
BONDS— First A Ref. Mtge. Bonds— Total lssuo. Including amounts
reserved for refunding, Improvements, extensions, &c., under restrictions,
is limited (except with furthor consent of a majority in amount of tho stock
h old ers)to$45o!o00,000 and furthor limited so that tno tota at any time
Including amounts reserved for refunding bonds and
trusts
(together aggregating $135,945,500 In June 1917, exclusive of the equipment
tnist maturing prior to July l ’ 1918. which were Provided for unOor p an):
shall nover exceed three times the capital stock at the time outstanding,
nor shall issues above $450,000,000 exceed 80% of the expenditure for im
provements and additions. The $46.923.loO bonds ^ o a b le under the
plan boar 5% interest and maturo and are callable (asan en*‘rotX 5 n{y/ ,n
sories as shown in table above; future Issues must not carry over 6% inter
est nSor^\naTuro earlier ?han June 1 1948. and d^ired may be mad* conh
vertlble. Now Issuable (see tablo abovo), 346,923,000. loss $6»“ ° ° ,700
Series A (110%) reserved in Oct. 1917 to retiro $5,817,000 old Consol. 1st
6s duo Nov. 1 1920 still unexchanged. V. 105, p. 389.
Mileage, 6,690.66. Securing First and Ref. M . and Sub). Thereto the Gen. Mtge.
First main track upon which First Sc Ref. M . is a first lien . . . . . 1,958.02
First main track upon which First & Hof. M* is a direct 2nd, &c.,
mortgage subject to less than $133,500,000 outstanding prior
bonds and subject as to 14.70 miles to a lease thoroof-----.4,189.47
Lines In Nebraska and Illinois (subject to prior mortgages) to bo
covered directly or through collateral..— - - - - - - - - — - - - - - - - 012.0/
And all mileage hereafter built or purchased with these bonds.
(2) New General Mortgage Bonds— Total auth., $53,000,000. to bear 4%
nt. and mature 1975, but redeemable as a whole (but not In part) at par
and int. on and after March 1 1921. A Junior lion upon all property
time subject to tho now First and Refunding Mtge. Now Issuable, $51,
350.000. less $1,748,000 reserved in Oct. 1917 to retire. $ tor $.$1,028,000
Cent. Branch U. P. Ry. 1st Mtge. 4s, due Juno 1 1948. and $ 1^ 0,000 Cent.
Branch Ry. 1st Mtge. 4s, due Feb. 1 1919, still unoxchanged. V. 105.P.389.
EARNINGS.— 11 mos.,/1917r Gross, $71,539,997; net (aft. $19,412,332
Jan. 1 to Nov. 30.
\1916 Gross, 63,475,060 taxes)
13,522,541
A N N U A L R E P O R T .— F i s c a l y e a r n o w
c o m p a n y f o r y e a r 1916 in V . 104, p . 2 112;
en ds D e c. 3 1.
R e p o r t o r o ld
V . 103,
Combined Results of M o. Pac. and St. Louis Iron Mountain A Southern.
— Six Months Ending-----------Calendar Years-----June 30 ’ 10. Dec. 31 ’ 10.
1916.
1915.
Gross earnings...............$31,852,850 $38,119,962 $69,972,812 $59,500,591
Operating exp. & taxes. 26,835,915 27,610,244 54,440,159 46,105,587
Net, fter taxes------- $5,016,935
$10>60(L718 $15,620,653 $13,395,004
Other 1 com e.................
787.018
656,854
1,443,872
1,195,658
T o t a l - ......................... $5,803,953 $11,160,572 $16,970,525 $14,590,062
OFFICERS (new company).— B. F. Bush. Pres.; F. J- Shepard. VicePre*.; A. Robertson, Vice-Pros. In chargo of operation, J. G. DreWf.
:
Pres In chares of accounts; E. J. White, Vice-Pros, and Gonoral Solicitor ,
h T m . Adams, Vice-Pros, in chargo of traffic: J. M . Johnson, V .-Ires.
O. B. Huntsman, V.-Pres., Asst. Sec. & Asst. Troas.; H. L. Utter, Sec. and
Treas.
DIRECTORS (new company).— Nicholas F. Brady. Harry Bronner,
Bertram Cutler, Alexander J. Hemphill, John H. ^1
I* *
Mars ton Finley J. Shepard (V .-P .), Cornollus Vanderbilt, Albert H. Wiggin and William H. Williams. Now York; B. F. Bush (Pres.j, William II.
Lee^John T . Milliken and Edward O. Simmons, St. L^ .If.:, { A
soil, Phlla.; O. Minot Weld. Boston, and R„-,^ C M to r Williams, Baltimore.
N . V . office, 120 Broadway.— (V. 105, p. 71 6,14 20,1 618 ,1802, 2366.)
' TACOMA
W A S H I N
\
G\T Q-N .
M issouri Pacific Railroad
Yellowstone YELLOWSTONE
{NATIONAL
— PARK
Columbia^
Com pany
Madison
AND CONNECTIONS
Indicates Double Track
Salem
Sioux City
[Pocatelloi
WarshaLltown
,Ashland
CHICAGO/
Fulton
Davenport
iQreat Salt
Des 2Icineu
Cheyenne
1 Redding
Springfield
DENVER
Stockton
N E V A
Carson City
Maniton
COLORADO SPRINQ3
Sa pacific
MISSOURI
UkoH,.|Zi
toty ofPfc
North *S
MESAVERDE
NAT. PARK
MSiWtrtc^^
Parosafl
O* Springs
f
CucharaJo.
RouseJo.
lThebes
iwCA)
Elmoro
bEnglerale
(PasoRobles *
i Hot Springs
Guthrie
iRKANCAS CITY
Phoenix
KoatrogA
k
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Tucson
V
A A /
SanAngelo
Monterey
Felsenthai
hi Farmorvillc
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PalestinoV#'
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RAC.
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a:
Austin
sSAN ANTONIOj
Narasota
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VfiJLt,
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—
!Ti7/SNATCHEZ _
Baton Roii}
Sellers
HOUSTON]
*■»
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W
LakeCharles
Acglctf
SanLuis Potcsi
Tampico<
Gonzales
M
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X
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POOLE BROS Chicago.___________ D533
86
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Missouri P acific RR (Concluded)—
River & Gulf Divs 1st M $50,000,000 g_Ba.xc*Ar*
772 1903
Pine Bluff & West 1st M assumed red 10 years 105 44 1903
Little Rock & Hot Sp VV 1st M gold assumed.-SSt
57 1899
Iron M t car trusts sor V, part yearly____________
1913
do
Ser 2 due $145,000 s-a red par__ Ce.x
1911
do
Ser 3 duo $25,000 somi-ann___________
1914
do
Ser 4 $20,000 due semi-annually_______
1914
Am Refrlg Transit equip notes gold not guar— See "Indu strial
Mobile & Birmingham RR— Pref stook (¥900,000)-----Prior lien gold ¥600,000___________________ Ce.c
150 1895
First mortgage $1,200,000...............................Ba.c
150 1895
Mobile & Ohio— S to ck .. _________________________
First M Mobile to Columbus (principal gold)--F .zc*
472 1879
First M exten Columbus to Cairo A branoh g__F.zc
525 1883
General mtge for $10,500,000 (now gold) s f.F.zo*
525 1888
Montgom Div 1st M ¥4,000,000 g(V66,p 1045)Ce.zc*
189 1897
Mobile A B Sh 1st M $200,000 assumed gold-F.zc*
40 1899
1911
1st Term & Coll Tr M $1,200,000 gdue $60,000 s-a.x
M & O St Louis D lvM $3.000,000gred 102H Cexc*
159 1913
St Louis A Cairo 1st M gold a s s u m e d ..________ zc
159 1886
Equip tr Ser “ A ” sinking fund__________________x
1899
do
Ser “ B” sinking fund................................ x
1899
1912
do
Ser “ F” $22,000 and $23,000 s-a___ na.x
do
Ser “ G ” $32,000 s.-a.— last 3. $31.000Ba.x
1913
do
Ser “ H ” $50,000 s-a, last 3 $53.000.Ba.y
1914
do 8er "J ” due s-a $47,000 Dec, $48,000 J’no Ce
1916
Mobile Terminal & Ry— See Ala Tenn & Nor Ry.__
Mohawk Sc Malone— See New York Cent & II R R R .
1915
Monongahela RR 1st M $1,600,000 Joint guar____k
37 1902
VIononEahela River RR— Bonds— See B A O RR
Montana Wyom A Sou— 1st M gred 110text-.Eiuxo*
33 1909
Montgomery & Erie Ry— 1st M (old 7s extended ln’86>
I860
Mon tour RR — lstMg$2.750.000red 105sftext UP.xc*
57 1913
M ontreal Centra! Terminal Co— 1st M red 105-1914
Morehead & Nor Fork— 1st M g trust Clearf Tr C o.x
1908
Morgan's La & Texas—First M (N O to Morg OF.ze*
95 1878
First mortgage Alexandria Extension gold______Fz
127 1880
1,000
When
Payable
None Oct 1917____
1,235,000
3 « gA
1.000
881.100
1,000
130,000
2,585.000
1.000
£25, Ac £1.028,800
$ 1,000
$373,000
1,000 4,935.000
1.000
1.494,000
{
Balance...................sur.$l,230,903sur.$607,067 sur.$84,758def.$l79,309
Pres., Fairfax Harrison.— (V. 105, p. 1797: V. 106, p. 189.)
“ MONON.” — See Chicago Indianapolis & Louisville R y.
MONONGAHELA R A ILW A Y.— Brownsville Junction, Pa. (connection
with Penn. R R . and Pitts. A Lako Erie R R .) to Fairmont, W . Va., 69 miles,
with branches aggregating 39 miles. In Nov. 1915 operations extended
from Ponn.-W. Va. State line to Fairmont, VV. Va., 33 mllos. A consolida
tion July 1 1915 of Monongahela RR. and Buchannon & N. See particulars
Pitts. A L. E. report, V. 102, p. 1535. Stock auth., $10,000,000; par $50.
Outstanding Dec. 31 1916. $5,000,000. o f which Pitts. A L. K .(N .Y . Central
System) owned $2,500,000 and tho Penn. Systom, It Is supposed, the re
mainder. the Penn. R R . Co. itself owning SI,676,500 on Jan. 1 1917.
Bonds antli., $15,000,000; none issued to Juno 7 1916. Pitts. & L. E. and
Plttsb. Vlrglhia A Charleston (Penn. System linos) guarantee the 3 Ms.
RESULTS.— For cal. year 1916. gross earnings on 108 miles of road,
2,024.939; net, after taxes, $932,155: total not, Including “ other Income,"
959.374; int. on bonds, rentals. A c., $503,504; divs. (4 % ). $200,000; bal..
sur., for year, $255.870.— (V. 105, p. 181.)
OFFICERS.— J. M . Schoonmaker, Pros.; J. J. Turner, V.-Pres.; T . II. B.
Me Knight, Treas; Lewis Nellson, Sec. Office, Pittsburgh, Pa.
MONTANA WYOMING & SOUTHERN RR.— Owns from Bridger, Mont.;
on Northern Pacific, to Belfry, and westerly to Bear Creek,about 33 miles,
serving a coal district. Stock outstanding, $1,000,000. Additional bonds at
$25,000 per mile. V. 89. n. 470. Year 1915-16, gross, $230,868 net.
$117,999; Int., taxes, <Sce., $89,620 bal., sur., $25,888. Pro3., Frank S.
Gannon.— (V. 103. p. 1210 V. 105, p. 1309.)
MONTGOMERY & ERIE RY.— {See Map Erie RR.)— Owns Montgomery
to Goshen, N. Y .. 10 miles. Leased in 1872 to Erie R R . Rental now
*10,009 per an. Stock, $150,000. Divs. (4M % per an.) paid May 10 and
Nov. 10. S. fd.. $6,600 per an. There are $40,500 2d M . 6s due Oct. 1 1927.
MONTOUR R R .— Owns Montour Jet. to the Mifflin Yards o f Bessemer
& Lake Erie RR. and branches, 51 miles. In Oct. 1916 tho Northern Mon
tour R R . C o., with $350,000 of auth. cap. stock, was incorporated by the
same Interests. Stock $1,500,000, owned by Plttsb. Coal Co. V. 96.
p. 286, 861.
In Fob. 1917 obtained authority to increase the authorized capital stock
from 81.500,000 to $5,000,000 In order to retire equip, trusts of 1913,
$961,000 refund $165,000 1st M . bonds paid out of working capital and for
additional tracks, equipment, &c., $706,638. No new stock Issued to
July 10 1917. V. 104. p. 764; V. 105, p. 910.
Bonds, originally $2,750,000 1st 60-yr. 5s; retired by sinking fund to
June 1916. $585,000: redeemable at 105 as a wholo on and after Fob. 11924,
or at 102M for a sinking fund o f $55,000 yearly. Equip, trust gold 5s
dated Apr. 1 1913, $961,000. due Apr. 1 1938. and $917361 Apr. 1 1923.
For year ended June 30 1916. gross earnings wore $660,077: deficit after
aper. expenses. 51.345; other income. $359,541; balanco. surplus, $135,210.
— (V. 104. p. 764; V. 105, p. 910.)
Rate
%
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$ l,000Ao $34,548,000
4 g M & N M ay 1 1933
1.000
880,000
5 g A A O Oct 1 1923
1,000
1,140.000
4 g J A J July 1 1939
1,000
223,000
5
Q— M To June 1922
M A N To Nov 1 1921
1,000
1,160.000
5
1,000
297,000
M A
HTo Sept 1 1923
5
1,000
.1 A D T o Dec 1924
280,000
5
Cos” and V 9 2 ,p 883; V 95, p 1747.
900,000
J A
100
4
J Jan 1 1918 2%
600,000
200. 1000
5 g J A J July 1 1945
200,1000
1,200,000
4
J A
J July 1 1945
10Q 6,016.800 4 In 1917 Yearly June 29 ’ 17, 4%
500 Ac
7,000,000
j
A
D Deo 1 1927
6
1,000.000
1,000
6g
Q-—Jan July 1 1927
9,470,000
500 Ac
4 g M A S Sept 1 1938
4,000,000
1,000
5 g F A A Feb 1 1947
200,000
500 Ac
5 g M A N May 1 1949
360,000
5 g F A A 15 Aug ’ 18-Feb '21
1,000 2,500.000
5 g J <X D Dec 1 1927
4.000.000
500 Ac
.1Jan 1 1931
4g J A
498,000
5
M A N May 1 1919
1,000
499.000
5
A A O Oct 1 1919
1.000
1,000
203.000
4H M A S M ar’ 18-Mch ’22
1.000
381.000
5 g M A N M ay’ 18-N ov’23
659.000
5 g J & J 16 July '18-JuIy'24
1.000
1,000
808,000
4H J & D J'n o’ IS-Juno ‘26
MOBILE & BIRMINGHAM R R .— (See Map Southern By.)— Mobile to
Marion Junction, Ala., with branches, 150 miles. Leased to Southern Ry.
from March l 1899 for 99 years, the latter agreeing to meet the Interest on
bonds and to guarantee a dividend on the ¥900,000 pref. stook of t% for
first year, 2% for second year, 3% for third year and 4% for fourth year
and thereafter. Of the 5900,000 common stook, $880,400 Is owned l>v
Southern R y., and voting power on pref. assigned to Southern Ry. during
lease. V. OS. p. 429. 1134: V. 69. p. 391: V. 71. p. 1013.— (V. 72. o. 137.)
MOBILE & OHIO R R .— {See M ap Southern Ry.)— Owns from Mobile,
Ala., to East Cairo, K y., 489 in.; Cairo to East St. Louis 152 m ., with
branch to Millstadt, 7 in.; Montgomery Division, Artesia, Miss., to M ont
gomery, Ala., 181.18 m.; Mobile & Bay Shore branch, 38 m.; other branches
30 m.; Warrior Branch, 9 rn.; Warrior Southern Ry. (all stock and bonds
owned), Tidewater, Ala., to Kellerman, 14 m.; Blocton Branch, 13 m.; total
owned, 920 m.; trackago, 189 m.; total June 30 1917, 1, IGOmiles. Missis
sippi anti-trust suit, V. 95, p. 1403.
STOCK.— Stock authorized, 510.000,000: outstanding, ¥6,016,800; pat
$100. The voting power on 54,984.200 of the stock Is exercised by the gen
eral mortgage bondholders by virtue of deposit of old debentures of 1879
DIVS. (Since 1910-11 f ’ 11-T2. ’ 12-’ 13. '13-’ 14. ’ 14-T5. '15-’ 16. ’ 16-’ 17.
June 30 years...................\
4
4
4
4
4
4
The Southern Railway has acquired $8,346,000 of the $9,470,000
'eneral 4s and 55.670,200 of the 56,016,800 stock. Issuing, 5 for 5, Its col
ateral trust 4% gold bonds In exchange for the M. & O. general 4s, secured
by a pledge o f the latter and had also Issued stock trust certificates for stock,
dividends being payable (A. A O.) at 4% In perpetuity thereafter.
BONDS.— Generalmorfyays or 1888 abstract, V .4 7 .P .8 3 . V. 60. p. 967
The St. Louis Div. 5% gold bonds (limited to 53,000.000), dated Aug. 1
1913, are secured by a mortgage on the former St. Louis & Cairo R R .. sub
ject to St. Louis & Cairo 1st M . 4s, due Jan. 1931, the latter of which have
been assumed. V. 96. p. 554, 1022, 1365, 1773, 1840. and V. 70. p. 632.
Stockholders Feb. 7 1917 authorized the creation o f a mortgage to securo
not exceeding $50,000,000 bonds, whenever the board o f directors may deem
It advisable. V. 104. p. 452: V. 102, p. 251: V. 100, p. 253.
First Terminal Mtge. and Collateral Trust 5s of 1911, V. 92, p. 119:
V. 105, p. 1797.
Equipment bonds series " J ," V. 102, p. 1718. There is no series “ I ."
E A R N IN G S.— 6 m os.,fl917-.G ross, $6,962,222; net (after $1,042,460
July 1 to Dec. 31.
\1916-.Gross, 6,217,581; taxes),
1,234,904
RE PO RT.— Report for 1916-17 in V. 105, p. 1797 (opor. independently):
Years end. June 30— 1916-17.
1915-16.
1914-15.
1913-14.
Total opor. revenue----- $12,859,866 $11,868,038 $10,982,149 $13,002,583
Net over taxes________ 2,754,957
2,925,200
2,660,762
2.403,919
Net, incl. other income.
3,812,009 3,182,491
2,727,708 2,571.863
Interest, rentals, A c .- .
2,329,605 2,329,361
2,399,040 2,486,752
Dividends paid (4 % )...
240,672
240,672
240,672
240,680
Additions & bettennonts
10,829
5,391
3,238
23,738
{
Amount
Outstanding
Par
Value
[Vol. 106.
5g
*>
5g
5
5c
7
6C
M
\t
F
J
F
A
1
A
Co office, 120 B ’way.NY
do
do
St Louis Union Tr Co
Townsend, Wholon, Phila
Contral Trust Co, N Y
Phila Trust Co
Girard Trust Co, Phila
JPMorganACo.NY, ALon
J P Morgan A Co, N Y
do
do
Washington, D C
Farmers L A Tr Co, N Y
do
do
Hanover Nat Bank, N Y
do
do
First Nat Bk, Mobile, Ala
Guaranty Trust Co. N Y
Hanover Nat Bk, N Y
Farmers Loan A Tr, N Y
Farmers L A Tr Co, N Y
do
do
Bankers Tr Co, N V
Bankers Trust C o, N Y
do
do
Central Trust Co, N Y
O Oot 1 1942
Treas. office, Plttsb, Pa
<5c S Sept 1 1939
A N May 1 1020
<3fc A Feb l 1963
A D Juno 1 1964
A
A Feb 1 1953
A O Apr 1 1918
A J July 1 1920
Empire Tr Co, N Y
Gosbon, N Y
Union Tr Co, Pittsburgh
London and Montreal
Clearfield! Pa) Trust Co
S P Co. 105 B’way, N Y
do
do
MORGAN’ S LOUISIANA & TEXAS RR. & STEAMSHIP CO.— See Map
of Southern Pacific.)— ROAD.— Owns Algiers to Cheneyvllle, 205 miles;
branches. 119 m.; extensions to Port Allen, La., A c., 53 m.; trackage to
Alexandria, &c., 25 m.; total, 401 m.; ferries, 3 miles. Sou. Pac. Co. owns
the $15,000,000 stock. Dlv. 1906-07, 10%; 1967-08, 25%; 1608-09, 4% :
1909-10 , 5% ; 1910-11, 6% ; 1911-12. 4% ; 1915-16. 2% .
EARN ING S.— 6 m os.J1916...............Gross, $2,913,128; net. $912,911
July 1 to Dec. 31. 11915________ Gross. 2.287.426; not 465,622
Eleven months.—
/1917-.Gross, $6,204,163; net (after $2,282,532
Jan. 1 to Nov. 30. \1916.-Grass. 4,541,219; rents),
1,174,841
In year ending June 30 1916, gross, $4,540,808; net. Including other In
come, $1,175,570; charges, $788,296; divs. (2 % ), $300,000: bal.. sur..
$87,274.— (V. 103, p. 1210.)
MORGANTOWN & KINGWOOD RR.— Owns Morgantown to M. A K.
Jet., W . Va., 47.94 miles; Rock Forge to Richard, 0.77 m.; total, 48.71 m.
Incorporated Jan. 14 1899 in W. Va. Stock auth., $2,000,000; par, $100.
Bonds, see table above. Bills .and loans payable Juno 30 1916 $270,000.
For year ending June 30 1916, gross, $359,895; net, $73,009. In 1914-15,
gross, $325,463: net, $43,657. Pres., Davis Elkins, Morgantown, VV. Va.;
Sec., Richard Elkins, N. Y . Office, Morgantown, W. Va.
MORRIS & ESSEX RR.— (See Map of Delaware Lackawanna <fc Western)
— Owns from Hoboken, N . J., with Important terminal facilities on N . Y
Harbor, to Phllllpsburg, N. J., 85 mlles;brauch, Deuvllle to Hoboken, N . J.
34 miles; leases, 38 miles; total oper., 157 mllos.
Leased Dec. 10 1868 In perpetuity to Dol. Lack. & West., which guaran
teed 7% per anti, on stock and, contingently, 1% extra. In May 1917,
following some litigation. It was agreed that In future tho dividends under
the lease should bo fixed at 7 H % , payable unconditionally, tho additional
rental ( H%) for year 1916 to bo paid on July 1 1917, and for subsequent
years on each succeeding Jan. 1, respectively. In addition to this, tho
D. L. & W. agreed that It would not capitalize, that Is to say, charge to con
struction account of the M . Sc E .. or demand bonds of tho M. A E. for cer
tain expenditures it has made upon tho M .A E. from 1899 to date, and not
heretofore capitalized, aggregating about $11,000,000. Soo V. 104, p. 2118.
Tho $9,191,000 7s due June 1915 were purchased by the D. L. & VV.
and aro held in tho D. I,. & W. treasury ponding dollvorv to It of 3 Ms undor
tho lease. V. 102, p. 795, 609.— (V. 105. p. 2272; V. 106, p. 601.)
M ORRISTOWN & ERIE R R .— Owns Morristown. N. J.. to Essex
Fells. N. J.. 10.64 miles; 2 branches, 2.32 m ., total 12.96 m. Stock.
5100.000; par, $100. Bonds, see tattle. Year 1915-16, gross, $125,029;
net, $47,924. In 1915-16. gross, $129,029; not. $47,925; other Inc., S359:
Int., rentals, A c., $23,901; div., $16,000 (paid from surp.); bal., sur..
$8,383. l’ res., It. W . McEwan, Whlppany, N. J.— (V. 90, p. 1629.)
„ MOUNT CARBON & PORT CARBON RR .— Owns Mt. Carbon to Port
Carbon, Pa.. 2.60 m.; total track, 13.40 m. Leased to 1’ hila. A Reading
999 years from Mar. 1910 at 5% on stock, taxes, Ac. (V. 89, p. 42.)
MOUNT HOOD R R .— Hood River to Dee, Ore., 16.4 miles. Stock.
$250,000; par, $100. Bonds, see table. Year 1910, gross, $82,664; net.
$22,582: Int.. taxes. See., $56,059; bal., def.. $33,477. Pres., VV. H.
Fccles. Dee. Ore.; Sec. Sc Treas., H. H. Rolapp, Ogdon, Utah.
MOUNT ROYAL TUNNEL & TERMINAL CO.—A constituent com
pany of tho Canadian Northern Ry. system., building a tunnel through
Mount Royal and constructing terminals at Montreal. Construction will
bo completed in 1918. V. 105, p. 1209. Cost to April 30 1917, V. 105.
p. 1209.
Present bond Issue was to ba limited (V. 103, p. 1889) to $20,000,000 till
the $1,7.50,000 certain Can. Nor. Ry. notes (paid Dec. 1 1917) wero re
deemed (V. 10.5. p. 2271: V. 103, p. 1209). The bonds are callable at
105 and Interest (sinking fund M% beginning In 1920). Trustee British
Empire Trust Co., Ltd. On June 30 1917 $11,430,034 of tho bonds had
beon ‘ Issued Including $2,238,067 In hands of public and $9,191,307
pledged these last embracing £514,000 deposited as collateral for the afore
said Can. Nor. Ry. notes. See V. 105. p. 1304. In Dec. 1917 niado a
mortgage to secure demand loans from Canadian Govt. V. 105, p. 2306.
A bill passed In House of Commons In Canada in May 1916 provides
that, as intended by tne original Act of 1914, rentals paid the company by
tho Canadian Northern R y., tho Canadian Northern Ontario Ry. and the
Canadian Northern Quebec Ry. shall bo Included In their operating expenses
and thus rank ahead of their other fixed charges. V. 103, p. 1210; V. 102,
p. 1987. Capital stock, $.5,000,000. owned bv Can. Nor. Ry. Sec., R. P.
Ormsby, Toronto.— (V. 103, p. 1210, 1889; V. 104, p. 164, 1801; V. 105.
p. 1209.)
MUSCATINE BURLINGTON & SOUTHERN R R .— Muscatlno. Iowa,
to Bmlingtou. 55 miles. This Includes 4. 6 miles trackage, the company
owning a parallel right of way on 4 miles. V. 80, p. 1059.
Successor In
Aug. 1910 of Muscatine North A South Ry. V. 103. p. 579; V. 99. p. 969.
1749. Stock, $450,000; par, $100. In Nov. 1916 Muse. Burl. & So.
Securities Co. was Ineorp. In Maine with $800,000 auth. cap. stock. V. 103,
p. 1981. For year end. June 30 1916, gross, $167,703; net, $49,808. In
1914-15, gross, S134.556: not incomo. $29,521. Pres., M . Dailey, Musca
tlno.— (V. 103. p. 579, 939. 1981.)
MUSKEGON GRAND RAPIDS & INDIANA RR.— Owns road, Grand
Rapids to Muskegon, Mich.. 37 m.; trackage. G. R . A Did at Grand Rapids,
3 miles. Operated by G. R. A Ind. RR ., which was foreclosed In 1890
consideration, net earnings. Stock auth., 5350,000; par, .5100; Issued.
$20,000. Year Dec. 31 1916. Income from lease of road, $30,223; Interest on
bonds, 537,500: bal.. sur.. $43.723.— (\ • 90, p. 560.)
M ill UAL TERMINAL CO. OF BUFFALO.— Owns 5.22 acres of land
with 1,486 feet of ftontnge on the city ship canal wharves, freight house
and a steel and brick grain elovator, capacity 3,000,000 bushels. Stock
$60,000, all owned by tho N. Y . O. & II. R. UR., D. L. & VV., Lehigh Valley
and Erio, which each, under agreement of Jan, 2 1905 as amondod, guaran
tee to nay one-fourth tho int. and sinking fund charges on tho bonds (the
latter $200,000 yoarly). Of tho bonds ($5,000,000 total auth.), $444,000
are reserved for futuro uses; $3,362,000 to Juno 1917 retired. V. 89. p. 779.
Pres., C. S. Goldsborough, 50 Church St., N. V.; V.-Pres., J. A. Middle
ton; Treas., F. II. Silveruail, 143 Liborty St., N , Y ,— (V. 89. p. 779.)
F e b ., 1918
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
,
►[For abbreviations, A c., see notes on first page]
Morgantown & Kingwood— 1st M closed Issue........
1st mortgage $1,500,000-----------Morris & Essex— Stock 7% guaranteed DT, & w . . . .
1st M ‘7 % cons hold by D L &W pending deliv of 3H s
1st Kef M g $35,000,000 gu p &1.................* r
Morris & Essex extension stock guaranteed 4 % ----Morristown & Eric— First M $300,000 g s t red p a r..
Mt Carbon & Port C RR— Stock (rental guar) text—
Mount Hood RK— U t M $500,000... . . . . . . -------------Mt Royal T unnel & Term— 1st M rent charge------M unising Alarquette & Southeastern— 1st M g.xx
Munising— First mort gold---------------------------- - - *
Muskegon Grand Rapids & Indiana— First M g --c e *
Mutual Terminal— 1st M gold s f red 102 M.-Gx.o*
.Nashua & Lowell— Stock 9% rental 99 years B & M .
Nashville C hatt & St Louis— Stock $16.000.000auth
First mortgage on Jasper Branch-------------- ..Cez.p
First mortgage on Centrevllle Branch g — Ce.zo &r
Cons mtge ($20,000,000) $20,000 p m gold Us.zc*
Nashville & Decatur— Stock guar 7 M% by L & N . . .
Nashville Florence & Sheffield— Sec Louisville & Nash
Nashville Term inal— First M gold red 105 --M est.x
First Kef M $3,000,000 auth(V 98. p 1668)call 105.N
National Rys oi Alcxico— Com stock $75,000,000 U S g
First pref stock $30,000,000 4% n-c (p & d )...........
2d pref stock $125,000,000 5% n-o (p & d )------. . . .
Prior lien M USg red 105begT7 tseetext) Cc.xc*&r*
Gen mtge U S gold redeem par (text) guar.-N .xo
Nat RR of Mex Prior Lien intgegcall 105-.U n.xo
First Cons M $00,000,000 gold (see text) Ce.xo*
Mexican Central— Priority bonds gold red 110 . . . z
First Cons lno & scrip n-oum ($9,000 p
AB.zo
2doons lno($6.400 p m)red 50% to July 29 AB.zo
Car and locomotive rental notes----- -— ---------- x
Equipment 5s $50,000 redeemable yrly at par x
do ($50,000 yrly part red 102 M beg 10-OB.xo*
M ox ln t prior Hen £1,200,000 red at par.U n.xo'& r
First oons M $16,000,000 g not guar.-Mp.xo*&r
do g guar stamp subj to call at 95 to Mch 1907.
Miles Date
Road Bonds
1902
1905
1875
119 1900
2
13 1903
07'-" 11
1914
138 1903
38 1900
37 1886
1904
14 U
'23 1883
40 ! ‘V.j
846 1888
119|
vllle
1902
1909
1.284
1,534
3.407
3.407
1907
1907
1902
1902
1889
1889
1889
1897
1899
015 1897
866 1897
860 1897
1,000
1,000
$, £, &o
$. £ &o
$500 &o
500 &o
1,000
1,000
1,000
1.000,000
1.000,000
74,803.466
28.831.000
120,379.491
84,821,115
50,748.575
23,000,000
24.710.000
1.374.000
170,600
21,000
662.456
150.000
1,000
300.000
1,000
£100 &o 5.850.000
705,500
$500 &o
500 &o a6,501,000
O R G A N IZ A T IO N .— A majority ($11,484,100) of the stock was owned by
the Lou & Nash., of which 58,802.400 pledged under Its mtges. West.
& Atl? is leased from State of Georgia till Dec. 27 1919 at *420.012 yearly.
Under the lease as extended to Dec. 27 1969 the rental for the 50 years
will bo $510,000 yearly with taxes o f about $113,000 p. a., while $60,000
yearly from Dec. 27 1919 will be applied to Improvements. V. 104, p. 664,
8°T he Paducah Sc Memphis DIv. of the Louisville Sc Nashv. R R . Co. Is
leased for 99 years from Dec. 14 1895; the annual rental la 5% on the cost
of road and 5% on amounts paid by L. Sc N. B it. for additions, etc.
Owns jointly with the Chic. Burl. & Quincy the Paducah & Illinois R R .,
which Is building a double track bridge over the Ohio River at Metropolis,
111 and has constructed a line from Metropolis to Paducah, K y ., 14 miles,
and will Jointly guarantee its bonds. See that company.
STOCK.— V. 96, P- 554; V. 97. p. 176, 1281.
3>S%.
B O N D S __ Consol, mtge. of 1888 provides that all prior bonds shall be
paid off at maturity: sufficient of the $20^000 p.m. are reserved for them.
It
V
Jan
CeJointly’ with Lou. Sc Nash., guarantees $2,535,000 L. * N . Ter. 4s;
with theiY & N , Southern Ky., St. Louis I. M . Sc So. and St. Louis HouthwiMtern
500 000 Memphis Union Station 5s, and with the Chic. Burl. &
qSlney K B ? $5,000!oOO faducah & Illinois R R . 1st M . sioklng fund 4Ms.
EARNINGS — 12 m os.,11917 Gross, $15,194,755; net (aft.) $3,337,482
Jan 1 to Dec. 31. 11916 Gross, 13,519.588; rents),
3.440,293
REPO RT.— For now fiscal year ending Dec. 31 1916. V. 104, p. 1794s
Cnli>ntlnr Vrort
1916.
1915.
1914.
1913.
Grossearninxs ^
..$13,519,588 $11,539,843 $11,973,872 $13,322,633
Net earnings
I ! I- S3 769,778 $2,532,718 $2 287 645 $2 714 108
HIro*of equipment........
565.048
264.215
601.566
695.971
Other income, & c..........
415,323
311,279/ ________________________
83.410,079
$1,708,750
(7)698,932
Balanc .surplus'.'.— $2,017,403
$700,103
$204,193 $1,002,396
Chairman Whltcfoord K. Cole; Pres., John Howe Peyton; V .-P ..H .P .
Smith; Treas*., J. H . Ambrose; Sec., 1. A. Clarkson.— V. 104, p. 1794,2010.)
NASHVI11 F & DFCATUR RR.— (S e0 Map Louisville A Nashville.)—
Owns from Nashville, Tcnn.. to Decatur, Alu 119 miles. Re-leased to
Lou. & Nash. In 1900 tor 999 years the rental being 7 H % on stock. The
Lou. <Ss Nash. July 1 1917 owned $1,958,850 of the stock.— (V. 70. p. 1195.
1900; V. 105, p. 73, 181.
N A T I O N A I RAILW AYS O F M E X I C O . — O n J u n e 3 0 1 9 1 4 c o m p r i s e d
t h e fo l lo w i n g lin e s b u t d u r in g th o r e v o lu t io n o f t h e s u c c e e d in g 2 M y e a r s
s o m e h u n d r e d s o f m ile s o f t r a c k a n d m a n y b r id g e s , e n g in e s , c a r s , & c . . w e r e
d estroy ed :
____Gauge—
_
Miles. Other lines___________________ 138
Standard
Owned.
Controlled— Securities Owned.
Laredo to City of Mexico..........., 802
T e x a s M e x i c a n Ky. (V.99,p.468) 162
Mexico City to Juarez City-----Leased—
Mexico to Rio Balsas................ 1?2
35
Ghlcalote to Tampico...............- 400 M ex.Un.Ry., Coahulla Coal R y.
Tampico to Monterey and Gomez
Total standard gauge_______ 6,373
Palaclo...............
548
Narrow Gauge— Owned.
Pledras Negras to Saucoda------ 238
Matamoras to Durango_______ 171 City of Mexico to Acambaro,3cc. 173
Branch— Irapuato to Ameca— 217 Peralvlllo to Berlstaln (102 m .). 214
teased—
* Guadalajara to Manzanillo 221
57
San Juan Jet. to Jaral________
50 Mlchoacan & Paclflo R y ______
Monterey to Matamoras______ 206
Total lncl. In earnings______ 7,661
Gonzales to Acambaro________
53
Controlled— Earnings separate
Jimenez to Rosario___________
96
Other branches, &o............— 1.300 Interoo. R y. and Mex. Sou...1 ,047
Cordoba to Santa Lucretla___ 202
flan Geroulmo to Guatemala bor 285 Grand tot.(1.342 m.3-ft. gauge) 8,027
ORGAN IZATION __Organized March 28 1908 under special Act of Con
gress of Mexico, per plan in V. 86. p. 918. 982. Tho properties of Nat. RR.
o f Mexico, Mex. Central and Mcx. International were acquired by deeds.
When
Payable
Rate
%
$40,500
6
$500
6
773.000
500 &o
000
50 15.000.
7™
1,000 9.191.000
1.000 25.305,500
4
221.000
100
260,000
1.000
fg
282,350
50
6
500.000
5
2,238,667
£100. &c
5
1,000,000
$ 1,000
160.000
1,000
Vs
5g
750.000
1,000
4g
1.194.000
1,000
800.000 See text
100
7 In’ 17
000
100 16.000.
6g
371.000
1,000
6g
376.000
1,000
fig
1.000 12,108,000
7M
25 3.553.750
m a c h iia
o w e s I RK —Owns double-track road from Lowell, Mass.,
N? H.. 14.26 miles. On Oct. 1 1880 leased for 99 years to Boston
to Nashua
- . in 1887 lease was transferred to Boston & Maine, which pays
^rental o f £73 000' (9%’ on stock)'and" $1,000 for annual expenses, and In
Anrh 1911 received authority to purchase stock; in Nov. 1908 to 1912 lncl.
‘extra w m paid from accum. cash surplus.-(V .83.p.970; V.85.P.1005.)
N48HVI1 I p CHATTANOOGA & ST. LOUIS R Y .— Owns from Ohatnoola Venn., to lllekrnan K v .. 323 m.; branches to Lebanon. &c.. 522
uuufsU), a
•
«
rihat.tsAnnncra.. Tnnn.. to Atlanta.. On.. 1 *7
Total Income..............................................................?2’889'211
Int.ftPAof.
$582,776
$533,6771
Taxes & u'nc'olle'ctibicsl 348.117
313,789 $1,566,088
Rnntaly
702,320
761,418)
Dividends. . : 11 '.'.'.'.'(6 M) 1.039.533 (5)799,225 (7)1,118,930
Amount
Outstanding
Par
Value
5 g
5g
4M
4
4M
4
5
3
3
e
g
g
g
g
g
fie
5g
4H g
\%
4
g
87
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Bk of Mon Val, Morg.WV
Jan 1 1922
Davis Tr Co, Elkins. WV
Jan 1 1935
Jan 2 18, 4H % Del Lack & Western, NV
Matured
Del Lack & West. N Y
Deo 1 2000
do
do
N ov 1 ’ 17. 2%
Brooklyn Trust Co. N Y
Sept 1 1923
Ju fyl5'17,2H % Reading Terminal, Phila
Ogden (Utah) Sav Bank
Jan 11927
Apr 15 1970
Cit Sav'&Tr Co, Cleve
June 1 1933
do
do
Oct 11925
Winslow, Lanier <5s Co
July 1 1928
U S Mtg & Tr Co. N Y
July 1 1924
N ov 1 ’17.4M % Check from C o’s office
Feb 1 ’ 18. 3 X New York and Nashville
do
do
Jan 1 1923
do
do
Jan 1 1923
do
do
Apr 1 1928
July 1917,3 J*% Louisville, Ky
J & J July 1 1932
M & N May 1 1949
July 1916 pd. See Text
City of Mexico. Lond, &c
Feb 10 T3. 2% Office. 25 Broad St, N Y
July
Oct
Oct
Oct
July
July 10 Jan
Jan
A
A
M
M
M
1 1957
11977
1 1926
1 1951
1 1939
10 1939
10 1939
& O Apr 11917
& O Oct 1 1919
& S Sept 1 1947
& S Sept 1 1977
& S Sept 1 1977
See text
See text
See text
See text
See text
None j>ald
See text
Mar 1915 coup not piad
do
do
do
do
V. 88, p. 452; V. 89. p. 1601; V. 90. p. 1554. Application to list, describing
properties, new securities. &c.. V. 88. p. 1318. Vera Cruz to Isthmus R R .
(340 miles) was merged Nov. 1 1913 and Its bonds assumed and the Pan
American RR. In March 1914. V. 97, p. 1740, 1823; V . 98, D- 1000.
The Mexican Government owns $115,056,367 of the $230,000,000 auth
orized stock, viz.: $10,000,000 first preferred, $30,278,300 second preferred
and $74,778,067 common stock, and guarantees the principal ana interest
of the general mtge. bonds. V. 8Z. p. 1533.
, ___
In Dec 1917 the Carranza Government was In control and was operating
tho entire 8.000 miles of the Government linos, as well as operating about
2,000 miles belonging to private companies. V. 103, p. 991, V. 105, p. 2184,
Owing to this, all Interest and other obligations maturing Oct. 1 1914 and
subsequently. Including the principal of notes due Ju no1 1915 0*27 .476,000).
&c., and Int. were defaulted, and the plan to fund the July 1 to Sept. 30
1914 maturities has not been declared operative. V . 100, p. 2010.
D iv a .— 1st pref., 1908. 1% : 1909. 2% ; 1910 to 1912, 4 % ; 1913, 2 % .
BONDHOLDERS’ PROTECTIVE C O M M IT T E E .— (Representing
both the Prior Lien 4K s and the 4% bonds of Nat. Rys. and Nat. R R . or
Mexico, and Mex. Int. R R . and the secured notes of Nat. R ys.). Chair
man Laurence Currie. Depositary, Glyn, Mills, Currie & C o., London.
V. 105, p. 716; V. 106, p. 396.
Prior Lien 4H % Bonds ($225,000,000 au th ..V . 86. p. 1319. 919.)
Issuable for Mex. Cent, bonds, cash. & c . . . ------$§6,294,363
Betterments, equip., retiring equip, oblig., &c— 20,205,03/-$106,500,000
The remainder of the auth Issue of $225,000,000 Is reserved as follows:
(1) $23,000,000 to retire $23,000,000 National R R . of Mexico prior lien
4
As: (2) *95.500.000 (of which $5,175,193 issued) for extensions. &c..
Additional bonds may be issued to retire Mex. Internal. R R . consols.
The general mtge. bonds will be subject to call at par after April l 1U27.
Guaranteed General Mortgage 4% Bonds ($160,000,000 auth.)
Issuable for Mexican Cent, bonds, cash, & o ..------^4:7.763.075
Betterments, equip., retiring equip, oblig., & c ... 12*?8° i925“ "fxY ’ZvA'XXX
The remainder of the 5160.000.000 Is reserved as follows: (1) $24,749,000
to retire National RR. of Mexico first consol. 4s; (2)_S74.500.0(WI (of which
$7,776,375 Issued) for extensions, lmpts., &c. See V. 86, p. 1320. 919.
Additional bonds may be Issued to retire Mex. Internal. RR. consols.
Tho general mtge. bonds will be subject to call at par after April 1 1927.
Of the Mexican International consol. 4s, $2,497,000 were in Jan. 1905
reserved for extensions at $10,000 per mile and Improvements. The total
Issue of consols Is limited to $16,000,000. The guaranty of prln and int
by National R R . of Mexico under agreement of June 30 1902 stamped on
$6,501,000 of the consols has been assumed by the National Rys. of Mexico.
V. 75. p. 185. Prior Hen 4 Ms. see V. 65, p. 151, 1071. Consol. 4s of 1897
listed on N. Y . Stock Exch. Feb. 1898. Sec application n V 6 0 p 341.
Vera Cruz & Pacific R R . bonds are subject to call at 110 to July 11924.
and on July 1 1924 and thereafter at Par- . T ^e companyjolntlyguaranteed
Vera Cruz Term. Co. debs. V. 87, p. 39, V. 91, p. 465, V. 92, p. 628.
The 0% 2-year secured gold notes dated June 1 1913 wore defaulted at
maturity. / o G p lGM; V. 97. p. 176. 1504. 1663. 1739: V. 100, p. 1918.
In 1914 owing to the Interruption of business by the
..an revolution,
the bondholders were offered In payment of maturing coupons 6% notes
due Jan. 1 1917 at par. entitled to interest out of income from deposited
securities and available revenues and secured by pledge of 6% 10-year
Mexican Govt, treasury bonds of 1913 advanced to the company (on which
Int. was suspended in Jan. 1914 for 6 mos.)
7* 98. p. 74. 453, 1072
1393.1694. 1993, 1749; V. 99, p. 120, 407. 675. 1749.
REPO RT.— Report for year ending June 30 1916 was In V. 104, p. 1489,
showing, in Mex. curr. conv.^nto U. S^curr. at
Oross earnings
1
Not
JS1,776,982 $34,273,341 $57,370,282
Net o a r m n ^ : : : : : : : : }
operated {dofSISriS? *2,379.770 $21,126,336
Other Income_________
*899,986
402,886 d f.3,445,349
1,415,164
Total income...............sur*899,986 sur*357,399df* 1,065.5738*22,571,500
Taxes, rents, &c_______
$624,786 $5,2o3,665 *4,249,456 $1,225,887
Interest charges_______ 22,444,544 23,655,664 23,520,595 20,622,0ol
Reserve fund__________
________
________
________
Bal., stir, or dof..def.$22.169.344df$28,909.329d.S28835,624 sur$687.382
First preferred dividend -----------------------------------(2)l,lo3,31b
Chal
Diego
Southor, N ?V ."city V ' n 7 y .’ office, 25 Broad St.
Directors (elected March 31 1917): (a) In Mexico City :C arlqsB a sav ey
O. N ., Mariano Cabrera, Elias S. A. de Lima, Jose Diego Fernandez.
Aquiles Elorduy. Fernando Gonzalez Roa, Ignacio Enriquez, Rafael Nieto,
Alberto J. Pani. Eduardo Hay. Thomas Houoy, Loon Salinas. (6) In New
York City: Alfrodo Caturegli, Justo Acevedo, J. J. Hanaucr. Henry Bruere.
Walter T . Rosen, Charles H. Sabin J. llirchman L. 1<. Loree and H. H.
Wehrhane.— (V. 104, p. 1489; V. 105, p. 716, 1420; V. 106, p. 396.)
NEVADA-CALIFORNIA-OREQON R Y .— (3-/t. gauge.)— In(June 1917
the Western Pacific R R . purchased 63 miles of the mam line and the 41mile branch line in California, together with terminals in Reno, N ev..
leaving 171 miles between Hackstaff, Cal., and Lake View, Ore.
Of tho $2,200,000 gold bonds or 1917, *750,000 were to be used to redeem
a like amount of 5% gold bonds of 1899 (only $4,000 still out Feb. 1918),
and *250 000 were Issuable on account of additions and improvements; the
remaining $1,200,000 are issuable only for additional railway at not over
$20,000 p. m. Total issue, however, on entire line, new and old, not to
exceed $10,000 p. m. Sinking fund to purchase bonds (or call at, 105 &
int.), 1922 to 1931, yearly an amount equal to K o f 1% bonds then out.
anstock11»mmony$L456,§001’ pref., $750,000. After 5% on common, both
stocks share pro rata. Divs. on pref., 1906, 3% ; 1907. 4 %; 1908 to 1910.
5% each; 1911, 3% ; Sept. 1912. 2% ; on common. 1% , 1909; 1% . 1910
none since. • V. 102, p. 1540. 1626.
88
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
N ational Rys o f M exico (Concluded)—
Vera Cruz & Pacific 1st M g red (text).................„ „
Pan Amer (Mex-Guat) 1st M(text)redl05gu p&l xc*
3-year secured notes $2,460,341 red par________ O
Secured gold notes extended in 1914 and 1916_____
Three-year secured notes SI,509,752 red p a r .. Q
Secured gold notes $813,090 red par.......................a
Secured gold notes $3,099,046 red p a r . . . ............. O
Neyada-Calilfornia-Oreicon— First mtg $1,500,000 g.x
1st M $2,200.000$10.000p m ? c a ll 105s f . . U n - c *
Nevada Central— 1st M gold non-oum lno (sir Id ). Cez
Nevada Copper Belt RR— First M $1,000,000 gold__z
Nevada Co N G R R — 1st M due part yearly________
Mortgage sk fd call 105 $500,000.....................U S
New England— Also New Haven & Northampton— Se
New Jersey Indiana & Illinois— First M $250,000 gold
New Jersey Junction— 1st M guar $4,000,000.Q.zc&r
New Jersey & New York— 1st Mtge oxt 1910_____
Second mortgage__________________________
General mortgage____________________
New London Northern— Stock ............................ ......
First mortgage............................................ Ba.xo»&r
f • Equip trust (ser A due s-a $50,000..-.'.V ___ '...N x
* °w Orleans & North Eastern—Stock $6.000.000___
Prior lien mortgage gold.............................
Ce xo*
Ref& Im p M $16,000,000 g Ser A call 107)4Cl.xc*&r*
Equip trusts ($17,000 s-an to Aug 15 1 9 2 4 )...'..
Ser E g, due s a $18,000.June; $17,000 D e c .. Ba
a Out of the $7,206,500 Mexican International
Bys. o f Mexico o f June 22 1908. $4,499,000 Income bo
Miles Date
Road Bonds
Par
Value
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
263 1904
S i.000 $7,000,000
4M g J & J July 11934
285 1903
1,000 2,003,000
5 g J & J Jan 1 1934
285 1907
1,000
1,484,000
6
J & J Jan 1 1937
1913
$ £ &c 26,730,000
6 g J & D June 1 1915
1913
45,See See text
6
J & J Jan 1 1917
1913
746.000
6
June 1 1915
...
1914
2, &c
See text
j
& j Jan 1 1917
6
1914
J ^ J
6
1 1917
1914
6 8 J & J Jan 1 1917
1,000
1899
4,000
5 g M & N May 1 1919
1917
1,000
850,000
M & N May 1 1967
94 1888
1,000
750,000
5g J & J
_
_
_
_
_ 1909
600 Ac
622,000
6 g J & J
20)5
1.000
126.000
7
J & J 1920 to 1924
1,000
20 H 1914
49,000
5
A & O
e New York New Hav en & Hartf ord
12 1904
1,000
250,000
5g
J & J
6.62 1886
1,000
1,700,000
4
F & A Feb 1 1986
34 1880
500 &c
394,000
6
M & N May 1 1950
34 1885
100 &c
1,500
5
J & J Nov 27 1985
34 1892
600 &c
631,000
5
J & J Dec 31 1932
121
100
1.500,000
9
Q—J
121 1910 1,000 &c 1,500,000
J & J
4g
4
36 1905
75,000
J & D 1990
Co
243 1905 1,000 &o 8.248,000
5g
F & A
...
1,000
50,000
5
F & A Aug ’ 18
190 _______
100 6,000,000 4 in 1917 Y early Juno 29 ’ 17
196 1885
1.000
1,371,000
5 g M & N Nov 1 1940
196 1917 1,000 Ac
7,195,000
4 )4 g J & J
_
_
_
_
_ 1914
1.000
221,000
4)4
F & A
—
1916
1.000
298,000
4)4 g J & D
R R . 1 st con sol. M . 4 a there was pledged $ 3.000,00
uds an d$15,7 85,200 ca pltal stock p [edged un der conso
E A R N I N G S .-1l m o s ..(1917........ Gross, $353,532; net (aft. $21,504
Jan. 1 to N ov. 30.
\1916-------Gross, 366,132;
rents)
53,082
R E PO R T .— For calendar year 1916, compare V. 103, p. 2076:
Year ended—
Gross. Total Net. Bond Int. Rents. A c. Sink.Fd. Deficit.
Dec. o»l 1916...$391,726 $49,080 $64,009
$1,500 $6,780 $23,209
■iune oR } £ } § - - - 369,221
51,876 62,910
925 13,640
25,599
June 30 1915-.-_377.749 _ __8,846 55.527
4.249 13,795
82,417
Pres.. Charles"Moran, 68 Wiiliam S t ./N . Y . - ( V . 105. p 2184.)
NEVADA CENTRAL R R .— Battle M t. to Austin, N ev., 94 miles,
3-ft. gauge. Stock, $750,000, In $100 shares, largely owned by the Nevada
Conipany. Interest payments on the $750,000 income bonds in recent
Years-, 3167 1906,4% ; Jan. 1908, 2 )4 % : Fob. 1909. I K%\ July 1911,
Aug. 1914 3 )4 % ; March 1916, 1%; Dec. 1917. 4 % . W e s .f J. G. Phe/ps
Stokes, 100 William St., N. Y . City.— (V. 106. p. 86, 189.)
.N E V A D A COPPER BELT RR.— Owns Wabuska to Ludwig, Nev.,
37.8 miles; Wabuska to Thompson, 2.50 m.; total, 40.3 miles. Incorp. In
M aln eM arch 22 1909. Stock, $1,000,000, all Issued. Bonds, see table.
19*S: g„ 7 i
57'. 2; nx>et’ *14 360. f Six months to Dec. 31 1916. g S
$56>731, net, $34,739. Pres., Samuel Naphlay, Grass Valley, Cal.— (V.
Wu•p. JLo4U.)
n ^ E9^ 1 ff S UNrT XrNA,?nR,9 W QAUQE R R .— Colfax to Nevada City
2
rm S \
¥ ay 1913 control was acquired by Oakland Antioch
& Eastern (Elec.) R y. Interests. V. 96, n. 1630. Stock, $250,200; par of
S100 each. Diva. paid: In 1882, 3% ; 1883. 6% : 1903 to 1905 5%190 ? -1 ? % : 1909 ®nci 191$ 2 )4 % ; 1911.6)4% ?'1912, Jv&e, 6 )4 % ; lO lli
anti’ V% 48 1p ^ i’l 57ar’ 191^ t0 June I0 ! 7,
Quarterly. Bonds, see table
Year ePdl',g D„e£- 31 1916, gross. $135,858; net. $42,372; other income,
$1,156; charges, $38,784; bal.. sur., $7,290.— (V. 98, p. 1695.)
NEW JERSEY INDIANA & ILLINOIS RR.— South Bend to Pine, In d „
12 miles.
Stock, all Issued. $100,000; par. $100. Bonds, $250,000
OTO^as65
87V S
np?°*99
’ trust,e,
01’- int.,
,Year taxes,
ending&c.,
June$23,317;
30 1916
gross, $65,875,
net,
$22,931, other Income,
$415;
bai” sur., $29. Pres. & Gen. Mgr., Clayton Mayo; V .-P ., R. O?Scholz;
Broadway ' NVC? ? er; Troas” T ’ A ’ nyu es>South Bend, Ind. Office. 149
rw JUNCTION RR.— Terminal road through Jersey City,
H°boken and Weehawken. about 5.62 miles.
Leased for 100 years In
X - Central & H. R. R R . Co. (assumed by N . Y . Central)
which guarantees bonds and owns the $100,000 stock.
'
n J ^ ^ f,in ER<rEX & N E W YORK RR.— Owns from Erie Jot., N. J., to
Garnervllle, N. Y., 29 miles; branches to New City, dec., 5 m.; operates to
Haverstraw, &o., 14 m.; total operated. 48 miles. Erie R R . In April 1896
f f i a^ , C0nt,r01; Stock. $1.440.800 com ., $787,800 pref.; par. $l50. Conj l g U ,re,,v, t o?,11and lst mtge. till 6 % has been paid on pref. for three
years at 5% . V . 90, p. 914. Year ending Dec. 31 1916, gross, $882,063;
bal.’, deff, S 0 4 . - ( V ° 9 6 f p : 9140
S28’ 76° : ChargeS* 5287’646:
Nl w , LONDON NORTHERN R R .-O w n s from New London. Conn.,
7la
« t 'n b,o ro;inV t" t0 ^outh Londonderry. Vt., 158 miles.
tor 99 years fr?.™ I)ec- 1 1891 to Central Vermont. The rental
i f f *!.2
i'ThIch I.eaves a stnal* surplus after providing for inanrl
Tan&
9"in
?« 9 %
% dIvs’,
, An extra div-mot
of >£%
was paid
2 1917.
and Jan. 2 1918.
Taxes
and improvements
by lessee.
V.July
90, p.
1677
NEW MEXICO CENTRAL RR — Owns Santa Fo. N. M .. to Torrance,.
J*7
Ralph C. Ely of Santa l«o,N. M ., Is rocelver. V. 103, p. 493.
i
d lr] at foreclosure sale under 1st M . of 1901 and Albequerque
’v
rST686’ j ™ understood, o f Federal Export Corp.
9,
ii way, N . Y . V. 105, p. 1708. On Jan. 2 1918 New jVIexico Cent
S X ,J VaS^lncorp0raT
tPd '"D elaw are with $500,000 auth. cap. stock as p?o^
Sonecl oi
cSor’ F ” r. 12 ,nos- to Juno 30 1916, gross, $05,072; def. $13 — C ^ ioo’ . p. 1 ^ 4 9 9 7155 :)° Per- def' ’ 510,822 ’ 0ffico’ Sauta Fe- N. M .
NORTHERN RR.— Owns New Orleans. La..
49 m -kS!MVnr Sr\' 4?2 pnl cs’ wlTth branches, Rio, La., to Tylertown, Miss.,
42
81ldel , La., to Folsom, La., &o„ 62 m „ making a total of 285 miles
operated, Incl. 29 m. trackage from New Orleans to Slidell, La , and other
trackago, 13 m. Stock. $7,500,000. 1st M ., $10,000,000 auth/Issue;
Report for year ending Dec. 31 1916, In V. 104, p. 1893, showed:
lq ifi3 1 - « i G74R 70t Nei'-?fcT
£ n CS- °J%A I7} 0' Int..Rents,&c. Balance.
...........* }-746-701
*717,579
$99,419
$529,995
$287,003
1915 ........... 1,658,477
539,511
3,113
633,623
9,001
Pres., Walter P. Cooke; V.-P. & Gen. Man., Wm. E. Farris; V.-Ps
f 3•,1•Jam«3
A • C. Goodyear; Sec. & Treas., F. A. Lehr.— (V. 102 o ’
154, 341, 2167; V. 103. p. 844. 1409; V. 104. p. 1045. 1893.)
P‘
by° So’uthcrn°Ry,° C o?1" T
?. T f f i
v
’0?* ’65. ’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. ’ 13. ’ 14-’ 15. ’ 16 ’ 17
Yoarly (Sept.H 3 3)4 5
6
4
5 6)4 6)4 5
5
1 yrly 4 * t
n n n ,AlaL' 19 Jr,
^ aa authorized to secure not exceeding $16,000,i!2?,^Kind« ’ i T b° Initial $7,663,000 (Series A— see table above) were mado
bjfuable only on cancellation o f the $1,500,000 income bonds o f 1902 and
the cancellation of the $6,163,000 Gen. Mtge. bonds (or the deposit of cash
uu/.auceled Gen. Mtge. bonds). Bonds of $1?371,000 are
Vrlor k ion
and 8363.000 to retire that amount out
eQu*Pment trusts outstanding Jan. 1 1917. The remaining
*®-.99;3-,992 new bom s are reserved from additions and Improvements undor
^strlc tlons. The old bonds, except prior lien 5s. have all been retired
k
P
1892. b uturo issues under the mortgage
are to bear not oyer 6 % interest, mature not later than Jan. 1 1967 and
bo callable at such prices as the directors shall determine.
Amount
Outstanding
[Vol. 106.
Jan 1915 coup not paid
See text
See text
Dec 1914 coup not paid
Dec 1914 coup not paid
Dec 1914 coup not paid " "
Co’s office, 68 William St
New York
4% paid March 1918
Boston. Mass
Wolls, Fargo Bk, San Fr
Union Tr Co. San Fran
Meoh Tr Co.Bayonne.N J
N Y Central R R .
Office, 50 Church St, N Y
do
do
do
do
New London Office
Cp M&M Bk.NY; reg md
New London Office
Columbia Trust Co. N Y
N Y Trust Co, or Buffalo
New Orleans, La
Central Trust Co N Y
J P Morgan & Co, N Y
en mtge. of the National
Rys. of M ex.of Mch 15’02
LATEST EARNINGS. (1917------Gross, $2,074,387; net(aft. $582,897
6 mos. July 1 to Dec. 31. \1916------Gross, 2,108,746; taxes)
650,514
REPORT.— For 1916-17. In V. 105, p. 1892.
YZiY.
, GrossNet.
Oth. Inc. Int.,Ac. Dividends. Balance.
1 - - H 4 9 3 ’%22 *1.280,278 $281,140 $632,776 (8)$480,000 $451,642
1915-16- . 3,781,662 1,065,9i9 135,655 518,220 - . - ............... $683,354
Pres., Fairfax Harrison.— (V. 104. p. 863, 1387; V. 105, p. 1892.)
NEW ORLEANS LOWER COAST R R .— Algiers to Buras, La., 60 miles
Successor Doc. 1 1916 of Now Orleans Fort Jackson & Grand Isle R y., fore
closed and bid in for a syndicate. V. 103, p. 407. Pres., H. Hall, New
Orleans; V.-Ps.. Leo Benoist and T . G. Bush; Troas., Bernard McCIoskey; Sec., A . O. Hammer.— (V. 103, p. 1392; V. 104, p. 2343.)
NEW ORLEANS TERMINAL CO.— Owns extensive terminal prop
erty at New Orleans and a belt railroad around the city, loased to the
Southern Railway for 99 years from July 1 1903, rental covering all ex
penses or operation, maintenance, taxes and interest. Southern Railway
a° d ,St-Louis & San Francisco each owned half of tho $2,000,000 outstanding
stock (*5.000.000 auth.), and Jointly guaranteed the bonds, but the St. L.
& 8 . F. on July 1 1913 defaulted In payment of one half of the Int. then
due and the Court hold In May 1914 had forfeited Its one-half share, the
Southern taking over the same. Soe V. 102. p. 886; V. 98. p. 304, 1460;
V. S6, p. 721; V. 88, p. 564; V. 92, p. 660; V. 97. p. i89S. Tho passenger
terminals are usod by the Southern Railway System, New Orleans Great
Northern R R . and Louisiana Ry. & Navigation Go. Pres., Fairfax Harri
son.— (V. 98. p. 763. 1460; V. 100. p. 813.)
o I^ .T O R k lA N S p X .E X A S & MEXICO R Y .— (SeeM ap.)— ROAD— OR— This company and Its subsidiaries, all or whose outstanding
capitalization, both bonds and stock (excepting only $500 to $900 directors’
shares) It owns, namely the St. Louis Brownsville & Mexico R y., Boaumont Sour Lake <& Western Ry. and Orange & Northwestern R R ., form a
direct lino from Brownsville, Tex., to Baton Rouge, L a.. whence ferry across
the river and tho Yazoo & Miss. Valley Ry. (Illinois Central RU.) afford
an operating connection to New Orleans. Valuation protest, V. 104, p. 257.
, System Operated Dec. 31 1916 (Including Aforesaid Subsidiary Lines).
(W ithoper. connection over 111. Cent, to New Orl., 93 m.)
Miles.
M ^i?Jino/ rora Baton Rouge via Houston to Brownsville, Tox.. about. 647
Or the foregoing 564 m. Is owned and 85 m. is undor trackage.
Various branches, aggregating about______ .
273
of which 256 m. is owned and 17 m. undor trackage. ..................... ...........
A total o f about (soe full details In V. !03, p. 6 1 ).________________ 920
— —
— |,
Entire Stock and Bonds Acquired Since June 191(1.
AT
a° 'Benito & Rio Grande Valley Ry. (V. 103, p. 1593).........................
65
Now Iberia & Northern RR., Port Barre to New Iberia, and branches.
72
Hjerla St. Mary & Eastern R R . (leased to New Iberia & Northern). . .
49
Principal trackage Is from De Quincy to Beaumont, 46.54 miles, and
Houston to Algoa, 24.32 miles.
ORGANIZATION.— Formerly part of St. Louis & San Francisco R R .
VrtnV 191b separately reorganized, after foreclosure sale, por plan In
Y -_J01,' P- 774. 768, 1714; V. 102, p. 886. Incorporated in Louisiana.
Took possession on Mar. 1 1916. Compare V. 101, p. 768.
NEW SECURITIES;— These include (see V. 103. p. 493):
Fust Lien Cold Bonds.— Total auth., $15,000,000. Int. rate, not exceeding
6% per annum, as determined at tlmo or Issue. Issuable In series, due
at the same or different dates, not later than Oct. 1 1925, and callable at
« rn‘
under restrictions for future extensions, Improvem^nts,^&c^$9jOOO^OOO^^Issued $6,000,000, of which In treasury, $130,
5% Non-Cumulative Income Bonds.— Limited to $25,000,000 secured by a
trust Indenture. T o boar non-cumulative interost payable semi-annually
r? t0,?}
per annum, but payable only whon and as authorized by
the board of directors , according to provisions of tho indenture. Entitled
to share in the security of any new mortgage issue on a parity with any
such indobtedn^s created lu excess or $15,000,000 1st M .. reserved for
future use, $10,000 000. Now Issued, Series A, due Oct.1935, but callable
at par and Interest, $15,158,000, including $483,000 Issued iato In 1916.
along with cash for purchase of entire stock and bonds of New Iberia &
Northern RR. and Iberia St. Mary & Eastorn UR. Initial interost payfbr'yeaV’* \ '“ 05° Apgio1 1917, and furthcr 3 -^% Oct. 1, making 5%
Capital Stock.— $25,0C^!000; ‘issued...............................................$15,005,300
tir.e.r,s11
/.0 of "°lv ftock has been deposited until March 1 1921
Willard V. King,, N . A. McMillan and Ohas. II. Sabinas voting trusteeswith power In majority on approval by the hotdors of not less than twothirds of the outstanding voting trust certificates, to sell, exchange or other
wise dispose of said stock en bloc for the pro rata benefit of the holders of
tmst certi. upon such torms as the trustees may determine. 4
^ , „ h» d as against current liabilities of $2,703,761, current assets of $6,1
366,398, o f which $2,836,829 is cash and $380,000 time deposits. „„j
ig J ^ E O R T . Year 1916, V. 105, p. 67; year 1917, “ Chronicle” of Feb. 23
Calendar Years—
1917.'w,« r ’»'1916."^’J'’rTOr 1915 H
Gross earnings......................................$6,661,229 $6,410,378 j£$4,796,249
Net, after taxes....................................$2,183,914 $1 946,810* ^974 726
Other income.........................................
i 59i281
m*72,940
« 47,098
Gross Income........................................ $2,343,195 $2,019,756
Rents, &c
$142,100
$311,369
947 102
462 044
Interest on funded d e b t -....................
Amort, of discount. &c.........................Not stated
23;224
Balance, surplus.................................[$1,253,687
$1,021,824
$356,164
289,263
59,643
$1,223,118£*,$241,205
R A IL W A Y STOCKS A N D BONDS
Feb., 1918.]
90
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES.
IFor abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
New Orleans Term— 1st M $15,000,000 g gu_Q.xo*&r*
1903
New Orleans Texas & Mexico Ry.
1st M $15,000,000 gold Sor A call 105--C ol yyc*&r*
1916
Non-cum 5% Inc $25,000,000 g Ser A call p'ax _c*G
1916
N O T & M eq notes ser B gu due $56,000 s-a____Q
1911
St.L Br &M R eceq tr $75,000 duo '18call par__ G.c*
1914
Newport & Richford— 1st M §350,000 g gu C&P.SB.xo
22 1911
New York Bay— First mortgage §6,000,000 gold.QPx
13 1908
N Y Bklyn & Manhattan Beach— Pref stock non-cum.
15
First cons mtge (now 1st M) gold guar by L I--C e.c»
15 1885
N Y Central RR — Stock ($400,000,000 auth)____Tr
Convertible bonds call 110 $100,000.000_____c*&r*
1915
Ref&Impt M g.Series" A."assumed,see text G.c*&r*
1914
(1) Underlying Main Line Mortgage—
N Y O & H R RR M $100,000,000 g ____Ce.xc*&r 1,828 1897
1909
do
do
Mtge on Spuyten D & P M g.C e.
Lake Shoro & M S 1st M gold, ass______ Us.xc*&r
826 1897
1903
do
Debentures (sec by 2d M ) g, ass_Ce.xc*&r
1906
do
do
do
gold assumed *____Ce.xc*&r
(2) N Y C A II Riv bonds secured by Consol’n Mtge etc on line N
Collateral 3 /3s (Mich Cent stock as collateral)-G.x
1898
b Lake Shore Collateral 3 /3 s assumed__ G.xc*&r
1898
b Consolidation M ($167,102,500)-..........Ba.xc*&r
1913
Debentures! Junior liens under C on -/___ Us.xc*&r*
1904
do
/ solidatlon M o f 19131_____ G.sc*&r
1912
(3) Other New York Central A Hudson River RR Assum ed. A c,
1900
Debentures (V 69. p 1102: V 71, p 502. 9 6 4 )........x
1874
Rome W at* Ogdens 1st Con M ($500,000 3 / 3s) F.zc All
Consol mortgage____________________ ______ F.zx All
1874
Amount
Outstanding
Rate
%
$ 1,000&o $14,000,000
4g
Par
Value
100 &c
100 &c
1,000
1,000
1,000
100
1,000
100
Par
$. £ & fr
1,000 &e
1,000 &c
1,000 &c
1,000 &c
1,000 &c
Y to Buf
1,000 &c
1,000 &c
1,000 &c
1,000 &c
1,000 &c
Issues—
1 bond
1,000
1.000
When
Payable
5,870.000
6g
15.158,000 51n’ 16-17
672,000
5
535,000
6
350,000
5 g
4.241,000
4g
050,000
5
1,726.000
5g
249,849,360 5 in 1917
100.000.000
6
a40.000,000
4/3 g
94,000,000
2.500,000
50.000,000
50.000,000
50,000.000
falo, &c., a nd
19,336,000
25,150.000
65,418,000
48,000.000
9,188,000
3/3
3 /3
3/3
4g
4g
(b)
3/3
3/3
4g
4g
4g
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
J
&
j July 1 1953
Guaranty Trust Co, N Y
J
A
M
J
J
J
&
D Oct 1 1925
Guaranty Trust Co, N Y
Yr 1916-17 pd 5% (text)
Now York
do (V 99. p 749)
Safe Dep & Tr Co,Boston
Treasurer, Philadelphia
Checks mailed
Treasurer Penn lU i.N Y
Grand Central Term, NY
Grand Central Ter. N Y
N Y . Loudon Sc Pa**is
J July 1 1997
D June 1 1959
D June 1 1997
S Sept 1 1928
N May 1 1931
to Chicago, &c
A Feb 1 1998
A Fob l 1998
A Feb 1 1998
N May 1 1934
J Jan 1 1942
Grand Central Ter, N Y
do
do
do
do
do
do
do
do
Sc O Oct 1 1935
& S15 Mar ’18-Sept'23
Sc D June '18 to '24
& J Jan 1 1941
* J Jan 1 1948
& O Apr 1917 2/3 %
A
A * O Oct 1 1935
Quar
Feb 1 T 8, I X
M & N May 1 1935
A
& O Oct 1 2013
g J Sc
g J Sc
g J Sc
M Sc
M Sc
B uffalo
BF &
g F &
F &
M *
J &
5,500,000
3 13 g
9,576.001! 5 * 3 / 3
4
419,000
a An additional $20,000,000 (not issued to public) pledge d to so euro $15, 000,000 2-y oar notes
OFFICERS.— Chairman o f tho board, Frank Andrews; Pros., J. S.
Pyeatt; V.-Pres., G. H. Walkor; Roy Terrell; Treas., J. II. Lauderdale.
D IR E C TO RS.— J. S. Pyeatt, G. H. Walker, Frank Andrews, Alex.
Berger, Stedman Buttrick, Carl A. de Gersdorff, J. D. O’Keefe, Willard V.
King, Henry Sanderson, Lorenzo Semple, J. C. Harvey, C. B. Fox, N. A.
McMillan, A. T . Perkins, and Elisha Walker. N . Y . office, 61 Broad
way, N . Y.— (V. 104, p. 257, 863; V. 105, p. 67, 910.)
NEWPORT & SHERMAN’ S VALLEY R R .— Newport to New Ger
mantown, Pa., 31 miles. Stock, authorized. $180,000; outstanding June 30
1916, $165,100; par. $50. Bonds. $125,000 1st 20-year 5s due July 1 1911;
$1,600 2d 25-year 4s due Apr. 1 1921 and $73,400 Ref. M . 30-year 5s due
1938 ($250,000 auth. Issue ; lut. J. & J. at Real Estate Trust C o., trustee;
denominations $100 and $500). For year ending June 30 1916, gross, $43,
390; net, $14,160; int., taxes, &c., $14,311; bal., def., $151. Pres, and
Gen. M gr., David Gring. Office, Newport, Pa.
NEW Y O R K BAY R R .— Owns from Kearney Junction, N . J.. to
Waverly, and from Waverly to tho bulkhead line at Groenville piers, on
New York Bay, 10.91 miles, with branches, 2.43 miles; total, 13.37 miles.
Stock. $6,000,000, all owned by Penn. R R . Mortgages payable Dec. 31
1916. $250.000.— (V. 86, p. 920, 982.
„ NEW Y O R K B R O O K L Y N & M A N H A T T A N B E A C H R Y . — Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island) and branch to
Bay Ridge 13 miles. Leased for 99 years from M ay 1 1882 to the Long
Island R R . Co., which owns majority of stock. Rental, interest on bonds
and 5% on pref. stock. Common stock, §350,000. L. I. RR. has att ached to the bonds Its unconditional guaranty of principal and Interest in
addition to facts as to lease.— (V. 83. p. 1348)
(THE) NEW Y ORK CENTRAL RAILROAD.— (See Maps pp. 96 and
97.)— Owns in fee direct line from Now York to Chicago, 953 miies (four
tracks N . Y. to Buffalo, thence two tracks), and numerous branches, the
total mileage owned Dec. 31 1916 aggregating 3,700 miles. Also owns stock
control of the West Shore R R . (leased), N. Y . to Buffalo and thence to
Chicago, via Michigan Central R R . and Canada So. Ky. By similar
control of the Pittsburgh & Lake Erie R R . the Cleveland Cincinnati Chicago
& St. Louis Ry. and other companies, has close running connection to Pitts
burgh, Columbus, Cincinnati, Indianapolis. St. Louis, &c. Total system
owned, controlled, &c., Feb. 1917 about 12.662 miles, viz.:
(1) Operated Directly. 6,083 Miles of Road,
Lines Owned—
Miles.
7
Battle Creek & Sturgis________
New York to Chicago______ 953
Boston & Albany* (System ).. 393
Branches____________
2,746 Beech Creek R R .*___________ 164
Proprietary Lines—
Beech Greek Exten. R R ., &c.*_ 136
Cornwall Bridge C o _______
.18
Walkill V a lle y ..........................
33
Lines Leased, etc. (*See this co.)—
Lines Leased, etc.—
Miles.
West Shore*______________ 479
Mahoning Coal R R *_________
Troy & Greonbush*_______
6
Detroit Hillsdale & S W *.........
New York & Harlem*_____ 136
Fort Wayne & Jackson*______
New Jersey Junction*_____
6
Lake Erie Alliance & Wheeling.
Detroit Toledo & M ilwaukee..
47 Erie & Kalamazoo R R .
Kalamazoo A. & G. R _____
58
Trackage rights, &c,_________ 458
St. Lawrence & Adirondack*..
56
Ottawa & New York............
57
Dolgevlllo & Salisbury C o . __
4
Total in earnings D e c.31 T6-6#083
Controlled— Operated Separately— 6,635 Miles of Road.
Michigan Central*..................... 1,862 Zanosville & Western_________
90
Lake Erie & Western*________ 900 Indiana Harb. Belt (V. 93.P.164) 110
Olev. Cin. Chic. & St. L. S y st.*2,387 Toronto Hamilton & Buffalo__ 104
Cincinnati Northern*_________ 246
Pitts. & Lake Erie System*___ 225
Total oper. separately_____6,579
Chicago Kalamazoo & Saginaw 45
Toledo & Ohio Central________ 430 Grand total Dec. 1916, less 219
Kanawha & M ichigan_____ 177
miles duplicated about____12,413
ORGAN IZATION .— The New York Central R R . Co. was formed by
consolidation, effective Dec. 23 1914, under laws of N. Y ., Penna., Ohio
Ind., Mich, and 111., of tho N. Y . Central & Hudson River R R . (as enlarged
In 1913 by the absorption o f Romo Watertown & Ogdensburg and other
New York branch lines; see bond table abovo) and its leading Western sub
sidiary, the Lake Shore & Mich. So. R y., and 9 minor controlled properties.
See consol, plan In V. 96, p. 1425; V. 98. p. 387. 1393; V. 100. p. 140. In
1915 the New York Central RR. acquired, by deeds of conveyance, the
Jamestown Franklin & Clearfield R R ., Cleveland Short Lino R y., Sturgis
Goshen & St. Louis Ry. and Elkhart & Western R R . The company in
July 1916 sold Its controlling interest in tho stock of the N. Y. Chicago &
St. Louis R R . (tho “ Nicklo Plato” ) operated chiefly as a duplicate freight
lino) to Cleveland Interests for $8,500,000. o f which $2,000,000 was paid
In cash and the remainder in notes. V. 104, p. 1598. Entire stock of
Clearfield Bituminous Coal Co. is owned. V. 103, p. 1794.
In M ay 1917 a subsidiary, the Hudson Bay Connecting R R ., received
authority to build a bridge across tho Hudson River 11 milos south of
Albany for through freight. V. 104, p. 1801. Court decision respecting
Toledo & Ohio Central, &c., V. 105, p. 819, 998.
Partial List of Stock Holdings and Dividends Received Thereon for 1916.
-----Amounts Owned----------- Total Outstanding----- Dies. 1916
Pref.Slks. Com. Stk.
Pref. Stks.
Com. Slk. loN .Y .C ,
Mich. Central ...........$16,819,300
”None $18,738,000 $672,772
Pitts. & L. E .................
17,993,100
None 35,985,600 4,623,827
M ah.C oalR R . 399,500
865,900
661,367
1.500.000
452,925
O.O .O .& St.L................. 30,207,700 10,000,000 47,056,300
Lake E. & W .5,930,000
5,940.000 11.840,000 11,840,000
Tol. & Ohio 0.3,701,400
5,846,300
3,708,000
6.500.000
Reading (1st pf6.065,000l 9,852,500 28.000.
000 /70.000.000
1,601,400
C o ... I2dpfl4,265.000J
42.000.
000 (
N.Y.StatoRys.
600 13,604,300
646,234
3,862.500 19,952,400
M oh. Val. Co
_____
5.114.300
■
None
7.500.000
306,858
Also stock o f West Shoro, N . Y . & Harlem, &c. See "Stocks Pledged'
The New York State Railways Co. (see “ Electric Railway Section” ) Is
the company's trolley ally. Compare V. 100, p. 399 475.
[ V o l . 106
J
A
A
& J July 1 2000
* O July 1 1922
& O July 1 1922
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
due Sept . 15 1919.
S T O C K . — D iv id e n d s o n s to c k r e g is t . i n L o n d o n a r e p a y . a t 4 9 / 3 d . t o $ .
T h e a u th o r iz e d a m o u n t o f th e c a p it a l s to c k is $ 4 0 0 ,0 0 0 ,0 0 0 , o f w h ic h
o n J a n . 1 1 9 1 7 $ 2 4 9 ,5 9 0 ,4 6 0 w a s o u t s t a n d in g , $ 1 0 0 ,0 0 0 ,0 0 0 is r e s e r v e d f o r
c o n v e r s io n o f d e b e n tu r e s o f 1 9 1 5 .
S o u rc e s o f 1 9 1 7 d iv s .
V . 106, p . 396.
I n J u ly 1 9 1 6 th e O re g o n S h o r t L in e ( U n io n P a c ific s y s te m ) o w n e d $ 2 0 .
0 0 0 ,0 0 0 N . Y . C e n tr a l s to c k .
V . 84. p . 52, 571; V . 89. p . 411.
D I V S . 1 ’ 9 6 - '9 9 . ’ 0 0 - ’ 0 6 .
P e r c ’n t j 4 y r l y . 5 y r l y .
'0 7 .
6
'0 8 .
5 X
'0 9 .
5
TO .
5 X
'l l .
5X
T 2 - T 5 . '1 6 . '1 7 .
5 y r ly . 5 5
1918.
l/i.q u .
C onsolidation Mort. $167,102,400 Secures W ith ou t Increasing Debt
( 1 ) Equally by Lien Prior to that Securing the Debentures and the 4 % bonds—
(a)
N . Y . C e n t. 3 /3 %
L a k e S h o re
(O n D o c . 3 1 1 9 1 6 $ 6 5 ,2 3 8 ,0 0 0
fo r C o n s o lid a tio n M t g o . S e
(h ) N . Y . C e n t. 3 / 3 % M ic h . C e n t.
c o i l , b o n d s o f 1 8 9 8 - 1 9 9 8 ______ $ 9 0 , 5 7 8 , 4 0 0
o f th e s e h a d b e e n e x c h a n g e d
r ie s A 4 s .
S e e b o lo w .)
c o l l , b o n d s o f 1 8 9 8 - 1 9 9 8 ............ 1 9 , 3 3 6 , 0 0 0
Equally by Lien Subsequent to Lien of Aforesaid
(2 )
—
( c ) N . Y . C e n t , d e b e n t u r e s o f 1 9 0 4 , d u e 1 9 3 4 ____________________________ $ 4 8 , 0 0 0 , 0 0 0
N . Y . C e n t , d e b e n t u r e s o f 1 9 1 2 , d u e 1 9 4 2 ____________________________
9 ,1 8 8 ,0 0 0
(e ) 4 % C o n s o lid a t io n M t g e . b o n d s d a t e d , A u g . 1 1 9 1 3 a n d d u e
F e b . 1 1 9 9 8 . is s u a b le I n s e r ie s A , B , O a n d D o n l y t o r e f u n d
a b o v o c o lla t e r a l b o n d s a n d d e b e n t u r e s , r e s p e c t iv e ly .
S e e b e lo w .
Id)
T h o C o n s o lid a tio n M o r tg a g e
( s e c u r in g t h e c o l l a t e r a l is s u e s a n d o t h e r
b o n d s in t h o o r d o r In d ic a t e d a b o v e ) c o v e r s b y a lio n r a n k in g a h e a d o f t h o R e
f u n d . & I n a p t . M t g . (s e e b e lo w ) , t h e lin o s o w n e d in 1 9 1 3 ( in c l. th o s e th e n
b r o u g h t in b y c o n s o lid a tio n o r m e r g e r ) , 7 5 %
(3 .7 5 0 s h a re s ) o f th e s to c k o f
H u d s o n R i v e r B r i d g e C o . a t A l b a n y a n d t h e le a s e s o f T r o y & G r e o n b u s h ,
N e w Y o r k & H a r le m , W e s t S h o re a n d B e e c h C re e k r a ilr o a d s .
O n th o m a in
i in e b e t w e e n N e w Y o r k a n d B u f f a l o t h e r e is n o lio n a h e a d o f I t e x c e p t t h e
$ 1 0 0 ,0 0 0 ,0 0 0 1 s t M . o f 1 8 9 7 : a n d o n t h e r a .tr o a d s c o n s o lid a te d o r m e r g e d in
1 9 1 3 , s u c h a s th e R o m e W a te r to w n & O g d e n s b u rg . M o h a w k & M a lo n e ,
t& c ., t h e r e a r e n o p r i o r lie n s e x c e p t t h o o ld u n d e r ly i n g m o r t g a g e s t h o r o o f
a n d t h o N . Y . C e n t r a l 's $ 1 0 0 ,0 0 0 ,0 0 0 1 s t M .
V . 102, p . 8 0 0 , 1541.
R efu nd ing & Inapt. Mtge. for New C apital and Debt U n ifica tion .
T h e p u r p o s e o f t h e R e f u n d in g a n d I n a p t M t g e . w a s t o p r o v id e f o r f u t u r e
f in a n c in g o f th e N . Y . C e n t. & H u d . R iv e r a n d th e c o n s o lid a te d c o m p a n y ,
a n d fo r th o u n ific a tio n o f th e d e b t .
T h o b o n d s a r e I s s u a b le I n s e r ie s , a l l
d u e O c t . 1 2 0 1 3 , b u t b e a r in g d a t e o f A p r i l 1 o r O c t . 1 n e x t p r e c e d in g t h e
d a t e o n w h ic h t h e s e r ie s is a u t h o r i z e d , a n d c a r r y i n g i n t e r e s t a t s u c h r a t e s ,
s u b je c t t o c a ll a t s u c h d a te s , a n d p r ic e s , a n d w i t h s u c h p r o v is io n s a s t o c o n
v e r s io n , & c . , a s s h a ll b e f ix e d f o r s u c c e s s iv e s e r ie s . V . 9 6 , p . 1 4 2 4 .
T h e a m o u n t o f b o n d s w h ic h m a y b e Is s u e d u n d e r t h o R e l’ . a n d I m p . M .
i s n o t l i m i t e d t o a s t a t e d a m o u n t , b u t is d e t e r m i n e d b v s t a n d a r d s s o t u p
In t h e m o r tg a g e I t s e lf , a n d th o s e s t a n d a r d s a r e b e lie v e d t o b o s u c h t h a t a
b o n d h o ld e r w i ll b e in d if f e r e n t a s t o t h o a m o u n t o f b o n d s w h ic h m a y b e
o u t s t a n d in g u n d e r t h e m o r tg a g e , s o lo n g a s th e s ta n d a r d s a r e c o m p llo d
w ith .
T h e a m o u n t o f R e f. & f m p t . M . b o n d s o u ts ta n d in g c a n n o t e x c e e d
th r e e tim e s t h e a m o u n t o f th e c a n it a l s to c k a s fr o m tim e t o t im e in c r e a s e d .
A f t e r $ 5 0 0 ,0 0 0 ,0 0 0 o f th e b o n d s s h a ll h a v e b e e n Is s u e d , n o t m o r o th a n
8 0 % o f th o c o s t o f Im p r o v e m e n ts , a d d itio n s o r n o w p r o p e r t y c a n b e p a id
fo r fr o m
th o p ro c e e d s o f b o n d s .
N o t m o re th a n o n o - th ir d o f th e a m o u n t
o f b o n d s c a n b o u s e d In th e a c q u is itio n o f b o n d s o r s to c k s o f o t n e r c o m
p a n ie s .
A f t e r $ 5 0 0 ,0 0 0 ,0 0 0 o f b o n d s s h a ll h a v e b e e n is s u e d , n o a d d i t i o n a l
b o n d s c a n b e Is s u e d w i t h o u t t h e v o t e o f s t o c k h o ld e r s .
E a c h Is s u e o f b o n d s
m u s t r e c e iv e a p p r o v a l o f R R c o m m is s io n s a n d P . 8 . C o m m is s io n s .
V . 98.
p . 387. 611. 690, 1245, 1393; V . 99, p . 1052, 1131, 1307; V . 100, p . 1079;
V . 104, p . 1387.
T h e R e f . & I m p t . M . Is ( 1 ) a l i e n n e x t t o t h e l i o n o f t h e C o n s o l i d a t i o n
M t g o . (s e e a b o v e ) o n th o p r o p e r t ie s , & c . , c o v e r e d b y t h e C o n s o lid a t io n
M o rtg a g e .
(2 ) A f i r s t lie n o n th e
o f t h e B e e c h C r e e k E x t e n s io n .
N e w J e rs e y
J u n c t io n a n d W a l l k il l V a lle y r a ilr o a d s , s u b je c t t o t h o o u t
s ta n d in g b o n d s o f e a c h .
( 3 ) A f i r s t c o lla te r a l lie n o n $ 5 0 0 ,0 0 0 2 d M t g e .
b o n d s o f B e e c h C r e o k R R . a n d $ 3 ,9 6 4 ,0 0 0 C o n s o l. M t g o . 4 s o f t h o B e e c h
G r e e k E x t e n s io n R R . c o m p a n ie s .
(4 ) A f ir s t c o lla te r a l H e n o n —
leases
Pledge of Stock owned in— Pref. Stock. Com. Stk. Pref. Iss'd. Com.Iss'd.
N . Y .&
H a r le m R R . ( p a r $ 5 0 ) $ 1 ,1 1 1 ,3 0 0 $ 5 ,0 6 9 ,4 0
W e s t S h o r e R R . ..................... _ ........................................... 1 0 , 0 0 0 , 0 0
B e e c h C r e e k E x t e n s io n R R . .
_____________
5 ,1 7 9 ,0 0
N e w J e r s e y J u n c t i o n R R ______
_____________
1 0 0 ,0 0
0
0
0
0
$ 1 ,3 4 3 ,9 5 0 $ 8 ,6 5 6
1 0 ,0 0 0
5 ,1 7 9
100
,0
,0
,0
.0
5
0
0
0
0
0
0
0
T h e R e f u n d i n g & I m p t . M t g e . is a ls o a l i o n u p o n t h e p r o p e r t i e s d e s c r ib e d
in t h e s u p p le m e n t a l i n d e n t u r e ( d a t e d J u n e 1 5 1 9 1 5 ) , a s s u m in g , a s a u t h o r iz e d
b y t h e s h a r e h o ld e r s , t h e o b lig a t io n s o f th o R e f . & I m p t . M t g e . a n d e x t e n d
in g th o lie n t h e r e o f o v e r th e fo r m e r L a k e S h o r e & M ic h . S o . R y . , C h ic a g o
I n d . & S o . R R . , G e n o v a C o r n in g & S o . R R . , D u n k i r k A lle g . V a l. & P i t t s .
R R . a n d a ll o f t h e o t h e r p r o p e r tie s In c lu d e d in t h e c o n s o lid a t io n o f 1 9 1 4 ,
» n d a ls o o v e r t h e f o r m e r C le v e la n d S h o r t L i n o R y . , J a m e s t o w n F r a n k l i n &
C le a r f ie ld R R . , S t u r g is G o s h e n & S t . L o u is R y . a n d E l k h a r t & W e s te r n
R R . , a c q u ir e d b y c o n v e y a n c e s in 1 9 1 5 (s e e “ O r g a n iz a t io n ” a b o v o ) .
T h e
lie n c r e a t e d b y t h is s u p p le m e n t a l m o r t g a g e is s u b je c t , a s t o p a r t s o f t h e
m o r tg a g e d p r o p e r t ie s , t o th e r e s p e c tiv e p r i o r lio n s o f th e s e v e r a l u n d e r ly in g
m o r tg a g e s th o r e o n s h o w n In ta b le a b o v e .
S e e " F in a n c e s ”
b o lo w a s t o
p le d g e o f $ 2 0 , 0 0 0 ,0 0 0 b o n d s in 1 9 1 7 t o s e c u r e n o te s .
Bonds Issued or Issuablefor Retirement of which Refunding and Impt. Mortgage
Bonds are Reserved.
1 s t M . o f 1 8 9 7 , d u e 1 9 9 7 ............. ................... ................... ................................................ $ 1 0 0 , 0 0 0 , 0 0 0
C o n s o l i d a t i o n M t g e . ( s e e a b o v e ) d a t e d 1 9 1 3 . d u o 1 9 9 8 __________ 1 6 7 , 1 0 2 . 4 0 0
1 7 d i v i s i o n a l i s s u e s o f N . Y . C e n t . & H u d . R i v e r R R . . .....................
2 9 ,5 0 9 ,0 0 0
O l d b o n d s o f L a k e S h o r e a n d o t h e r c o s . a b s o r b e d i n 1 9 1 4 - 1 5 ____ 1 9 7 . 0 0 2 , 0 0 8
C onvertible 6% 20-Year Bond Issue of $100,000,000 Dated May 1 1915.
These
b o n d s a re
c o n v e r t ib le
in to s to c k a t th o r a te o f $ 1 0 0 o f s to c k fo r
$ 1 0 5 o f b o n d s , b e tw e e n M a y 1 1 9 1 7 a n d M a y 1 1 9 2 5 .
T h e y m a y b o c a lle d
fo r r e d e m p tio n o n a n y in te r e s t d a te a t 1 1 0 a n d in t . u p o n 9 0 d a y s ’ n o tic e ,
b u t , i f s o c a lle d , th e y m a y b e c o n v e r te d I n t o s to c k u p t o 3 0 d a y s p r io r to
d a te o f r e d e m p tio n .
D enom
c * $ 1 ,0 0 0 : r * $ 1 0 0 , $ 5 0 0 , $ 1 ,0 0 0 , $ 5 ,0 0 0 a n d
$ 1 0 ,0 0 0 .
S e e " G e n e r a l F in a n c e s " b e lo w a n d V . 1 0 0 , p . 5 5 6 , 6 4 3 . 5 9 3 - 4 ,
813, 90 2. 1349, 1438, 1833; V . 102, p . 1443.
First
O L D B O N D S O F N . Y . C E N T R A L & J H U D 9 0 N
R IV E R
R R .—
is f o r $ 1 0 0 ,0 0 0 ,0 0 0 , c o v e r in g t h e o r ig in a l r o a d o w n e d , a n d , b y
■ u p p le m e n t a l
deed,
930
m ile s
c f lin e s ( R o m o
W a te rto w n
&
O gdena-
mortgage
F e b ., 1918.]
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
IFor abbreviations, &c., see notjs on first page]
Mites Date
Road Bonds
Par
Value
Amount
Outstanding
New York Central RR (Concluded)—
7 1888
R W & Ogd Term RR flrst M gold assumed____ zo
$375,000
$ 1,000
Utica & Bl’k Rlv 1st M gold guar p & l.C e.zc
150 1890
1,950,000
1,000
57 1887
1,200,000
New York & Northern first mortgage gold_____zc
1,000
N Y & Putnam cons g gu p <Sc 1__________ Un.xc*&r
57 1894
1.000 3,987.000
182 1892
Moh & Mai 1st M $15,000 p m g gu p&l(end)CoI xc*
2.500,000
1,000
182 1902 1.000 &c 3,900.000
Consolidated mtge g old _______________a.xc*&r
46 1892
1,100,000
Carthage & Adirondack 1st M g guar____Un.xc*&r
1,000
29, 1891
300,000
Carth Water & Sack liar 1st M g gu p & 1 (en d)-.x
1.000
13 1892
300,000
Gouverneur & Oswegatchle 1st M g gu p & l.U n .x c
1.000
1902
250.000
Little Palls & Dolgeville first mortgage_________ x
(4) Bonds of Other Companies Included in terger of Jan and M ar 1915
203 1901
Indiana Illinois & Iowa 1st M gold________ IC.xc*
1,000 4,850.000
337 1906 1.000 &c 15,150.000
Chic Ind & South consol M gold_______ G.xc*&r
37 1890
Kalamazoo & White Pigeon 1st M assum__ Un.xc
1,000
400.000
76 1885
Pine Creek 1st M gu prin and Int endorsed-----------r
1.000 3,500.000
29 1889
Sturgis Goshen & St Louis 1st M gold p & l guar..a
1.000
322,000
Jamestown Franklin & Clearfield—
1909 1,000 &c 11,000.000
1st M $25,000,000 auth guar_________ G.xo’ &r*
Cleveland Short Line Ry 1st M gold guar_.G.xc*&r
- - - 1911 1.000 dec 11,800,000
Lake Erie & Pittsburgh— see that company—
(5) N o t e , Ac,. I s s u e s —
_
..
1912
l.oon&c
Equip trust (B & A) $500,000 due yrly--G-ZC*&r
5,000.000
1917
l.OOO&c 8,474.000
Equip tr $19,995,000 duo part yearly------- d y .c*
1917 1,000 &c 10.000,000
One-year note issue (V 104, p 1592)----------------- - -
Collateral note issue $ 15,000,000 g o ld ______G.c
- - 1917 1,000 &c 15,000,000
Kalamazoo Allegan & Gr Rapids— See tnis company
Erie & Kalamazoo— See that company.
•
New York Central Lines (incl various associated c os)—
1907 1,000 dec 10.000.000
Joint eq tr g $2,000,000 an (V 86, P 920) ._<i.zo»&r
• do do $2,000,000 an (V 90. p 914)--G.zo*&r
1910 1,000 dee 14,000.000
1912 1,000 dee 9 000,000
• do do due $1,000,000 yearly------------ U zo*&r
do do due $ 1,600,000 yearly.......... ..G .zc*& r
1913 1.000 dec 16.000.000
100 13,989.600
New York C hicago & St Louis— Common s t o c k ...
100 10,999.800
Second preferred stock (5% non-cumulative)--------100 4,997,900
First preferred (5 % non-cumulative)------ ------- . . .
505 1887
1,000 18.350,000
First mortgage gold (closed)----------------- Ce.xc*&r
burg, &c.) merged in 1913.
V. 77, p.452; V. 86, p. 1043,1101; V. 88.
p. 506; V. 94, p. 208; V. 96. p. 1424.
Collateral trust 34*s of 1898 were secured by deposit of stock o f the Lake
Shore & Mich. Sou. and Mich. Central RRs., respectively, at the rate o f
$100 of L. S. & M . S. stock for each $200 of bonds and $100 of Mich. Cent,
stock for each $115 of bonds. The former (Lake Shore collateral 34*s) in
so far as not exchanged for Consolidation Mortgage 4s, Series A, are a di
rect (third) inortgago on the former Lake Shore & Mich. So. R y., Detroit
Monroe & Toledo R R ., Northern Central Mich. R R ., Kalamazoo & White
Pigeon RR. and Swan Creek Ry. o f Toledo. See the “ Consolidation M ort
gage" above. V. 96, p. 1424- V. 66, p. 336, 811.
The holders o f over 75% of the Lake Shore collat. bonds exchanged
their 344% bonds, $ for $, for Series A Consolidation M . 4s. See V. 102,
p. 522; V. 100, p. 550, 2085. V. 101. p. 288.
’
The New York Central Railroad Co. has duly made an indenture
to secure the payment of (o) the 3 4*% gold bonds. Lake Shore Col
lateral, and (b) b y secondary lien thereunder so many o f the 4% Consolida
tion Mortgage Gold Bonds, Series A, as may be issued to pay and retire
an equal amount o f 344% gold bonds. Lake Shore collateral (the two issue's
aggregating $90,578,400) ,by a lien upon the railroads ,&c., formerly owned by
tho Lake Shore, and also on the property o f its four former subsidiaries,
viz.: Det. Monroe & Tol. R R . Co., Nor. Central Mich. RR. Co Kal &
White Pigeon R R . Co. and Swan Creek Ry. o f T ol., such lien following tho
Hen thereon o f Lake Shoro & Mich. So. 1st M . 344s o f 1897 and the $100 000.000 Lalco Shore debenture (now mortgago) bond3 o f 1903 and 1906.
See okl Lako Shore bonds below.
LAKE SHORE & M ICH . SOUTHERN BONDS.— The N. Y . Central
R R . by supplemental indenture (dated Jan. 1 1915) assumed tho obliga
tions of the $50,000,000 344% 1st M . of 1897 (see V. 64, p. 1182), and has
extended tho lien o f that mortgage over the railroads, &c., formerly
owned by Det. Monroe & Toledo R lt. Co., Northern Central Mich. R R .
Co.. Kal. & White Pigeon R R . Co. and Swan Creek Ry. Co. o f Tolodo, and
it has also executed a supplemental indenture dated .Jan. 2 1915, assuming
the obligations of tho mortgage dated July 1 1914, securing the 25-year
4% gold bonds of 1903 and 1906, aggregating $100,000,000 (two issues.
$50,000,000 each), and extending the lien thereof to the additional properties
named above In this paragraph.
GUARANTIES.— The old N. Y . Contral company guaranteed Western
Transit Co. 3 44s for $1,000,000 due Feb. 1923; $2,500,000 Clearfield Bi
tuminous Coal Oorp. 444s West Shoro R R . 4s. &c
V. 93. p. 45. 164
Additional Lake Shore guaranties not shown above, see Detroit Hillsdale
& S. W. and Ft. Wayne & Jackson.
EQUIPMENT BONDS.— See “ N . Y . Contral Lines” below.
B. & A. equipment trust, see V. 95. p. 1040, 1332, 1403; V. 98, p. 1072.
Tho N. Y. Central RR. Equipment Trust of 1917 provides for an issuo of
$19,995,000 o f 444% oquipmont trust certificates, but not to exceed 80%
of the cost o f the equipment to bo furnished under the terms o f said agree
ment. Of tho said certificates, $8,4/4,000 were in hands o f public in Sept.
1917 and an additional $8,270,000 wero issuable. V. 105. p. 1209; V. 106,
p. 396. Comparo V. 104, p. 2235, 1598.
FINANCES.— As to Refunding & Improvomout Mtge. to be created b y
Michigan Central RR. in 1916, see that company.
Stockholders o f record Jan. 2 1917 wore offered the right to subscribe for
10% ($25,000,000) now stock at par, but the right was withdrawn owing to
market conditions. V. 103, p. 2341, 452; V. 104, p. 664, 764.
Vonner suit, V. 104, p. 1489. West Side Improvement caso, N. Y . city,
V. 104, p. 1592. 2343; V. 105, p. 1802, 2094, 2184, 2456, 2543.
The company's proposed now passongor and freight torminal In Buffalo
will cost about $6 ,000,000. V. 103, p. 2341.
In Apr. 1917 Issued $10,000,000 1-year 444% notes, duo M ay 1 1918.
V. 101, p. 1592.
In Sept. 1917 in order to provide $5,500,000 for additions and better
ments and $9,500,000 for the discharge of outstanding Indebtedness, com
pany sold $15,000,000 5% notes due Sept. 15 1919, secured by pledge of
$20,000,000 444% Refunding & Improvement M tge. bonds. Series A.
V. 105. p. 910. 1209.
,
,
President Smith on rato situation and equipment, V. 105, p. 1862, 1766.
Company's real estate holdings in N. Y . City, V. 106, p. 607.
EARN ING S.— For 11 months ended N ov. 30.
Gross
Net after
Other
Fixed
Balance,
Earnings.
Taxes.
Income.
Charges.
Surplus.
1917-------- $198,941,130 $45,018,732 $16,001,083 $39,344,957 $21,704,858
1916-------- 185,425,100 58,383,962 19,933,607 38,170,459 40,147,110
Total All Lines 11 Xfos. to Nov. 30:
1?17.......... $360,555,980 $82,936,856 $21,007,517 $66,176,452 $37,767,921
1916-------- 329,835.842 105.788,963 25,402,915 61,939,884 69,251,994
R E PO R T — For year ending Dec. 31 1916, V. 104, p. 1585, 1598.
„ , ,
1916.
1915.
Calendar Years—
$
$
Operating revenues.......................................................201,585,048 167,912,333
Operating expenses, taxes, &c..................................... 138,241,031 117,731,876
Rate
%
When
Payable
5g
M
4g J
A
5g
A
4g
M
4g
34* g M
4g J
5g J
5g J
3
J
4g
4g
6
6
3g
91
J
J
J
J
J
4g J
4 4* g A
*,
d!
dc
dc
ds
dc
&
dc
dc
dc
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
N May 1 1918
J July 1 1922
<) Oct 1 1927
O Oct 1 1993
8 Sept 1 1991
8 Mar 1 2002
D Dec 1 1981
J July 1 1931
D Junel 1942
J July 1 1932
dc J July
dc J Jan
dc J Jan
dc D Dec
de D Deo
Grand Central Term.N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Am Exch Nat Bk. N Y
1950
1956
1940
1932
1989
Lincoln Nat Bank, N Y
Treas Grand Cent Term
do
do
do
do
dc D June 11959
& O Apr 11961
Grand Cent Term, N v
do
do and Lond
1
1
1
1
1
New York
44* g A dc O To Apr 1927
44* g J dc J Jan 1919 to '32 Guaranty Tr Co. N Y
Grand Central Term, N Y
44* M dc N May 1 1918
do
do
5 g M & S 15 Sept 15 1919
5g M
44* g J
44* g J
44* g J
5
4g
A
dt N Nov 1918-1922 Guaranty Trust Co. N Y
do
do
& J Jan 1 1919-25
d! J Jan 1919-1927
New York and London
dc J Jan 1919-28
Mar 1 1913 4% Cleveland, Ohio
do
do
Jan 2 1918 24*
do
do
Jan 2 1918 24*
Chase Nat Bank, N Y
dc O Oct 11937
Pres., A. H. Smith; Chairman, Chauncey M . Depew; Vice-Presidents.
John Carstensen, Chas. F. Daly, Ira A . Place, Wm. K. Vanderbilt Jr.,
A. T. Hardin, A. H. Harris, Patrick E. Crowley and H. M . Biscoe; Treas.,
E. L. Rossiter; Sec., Dwight W . Pardee. Directors (Jan. 26 1916), W m.
K. Vanderbilt, F. W. Vanderbilt. O. M . Dopew, Harold S. Vanderbilt.
William Rockefeller, William H. Newman, Marvin Hughitt, A. H. Smith.
Geo. F. Baker, Horace E. Andrews, W . K . Vanderbilt Jr., Ogden Mills,
Robert S. Lovett, Leonard J. Hackney and Frank J. Jerome.— (V. 106.
p. 396, 607.)
NEW YORK CENTRAL LINES.— The N. Y . Central Lines equip,
trusts cover engines, passenger cars and freight cars used by various lines
of the system, which Jointly and severally agree to pay prtn. and int., the
larger part being for N. Y. Central. V. 99, p. 1598; V. 102, p. 345; V. 103.
p. 1792, 1981; V. 104, p. 362.
NEW Y O R K CHICAGO & ST. LOUIS RR .— Owns from Buffalo.
N. Y „ to Illinois State line, except 8 miles leased between Dunkirk and
Sliver Creek, leaving 495 miles; leases the proprietary line, Chicago &
State Lino R R ., Illinois State line to 71st St., Chicago, 10 miles; also leasee
Dunkirk to Silver Creek, 8 miles; total, 513 miles; trackage in Buffalo.
N . Y .. 2 miles, and 71st St.. Chicago, 111. (Lake Shore R R .). 8 miles.
Nickel Plate Connecting R R . (4 miles projected at Buffalo), V. 105,
p. 819.
STOCK.— In July 1916 Cleveland interests bought the control o f the
property from the New York Central R R . C o., viz.: $6,240,000 common,
$6,275,000 2d prof, and $2,503,000 1st pref. stock. In payment was given
$2,000,000 cash and $6,500,000 notes (secured by the stock and bearing 4%
Interest for five years and 5% thereafter— one note due $650,000 in 1921
and the others for like amount at intervals of one year thereafter. V. 103,
p. 146. The Nickel Plate Securities Corporation was incorporated in Dela
ware on Dec. 4 1916 with $15,000,000 auth. capital stock ($2,500,008 pref.)
to hold the control of the N. Y . Chicago & St. Louis (known as the Nickel
Plato road). Principally a freight road. V. 103, p. 2238; V. 104, p. 1899.
After 5% on $14,000,000 common stock, all classes of stock share alike.
DIVS. (since 1907)— ’08 .'0 9.'10.'11-'12 . '13. '14. '15. '16. '17 1918.
5
5 24*. First preferred________ 5 5 7 K 5 y ’ly 5 24* 0
0
5 24*. Second preferred_______ 5 5 74* 5 y ’ ly 5 24* 0
....................................... 0
0 3
3 y ’ly 4
0
0
0 ------Common
In Dec. 1916 declared 5% on 1st prof., payable 24*% Jan. 2 and 24*%
July 2 1917; Jan. 1918, 24*% - On 2d pref. paid 24*% Jan. and July 2
1917; Jan. 1918. 24*%.
BONDS.— First mtge. abstract, V. 45, p. 541. Tho debenture 4s will
be secured by any new mtge. V. $2, p. 693; V. 86, p . 1344; V. 88, p. 1062.
In Apr. 1917 issued $3,800,000 5% sinking fund equipment trusts (under
Phila. plan), dated May 1 1917. V. 104, p. 1801, 1592.
In Aug. 1916 Issued $1,100,000 equipment trusts in connection with
purchase of 1,000 steel underframo cars, and in Oct. 1916 $300,000 engine
trust certificates. V. 103, p. 1032; V. 104, p. 952.
REPO RT.— Report for 1916 was in V. 104, p. 2110.
1917.
1916.
1915.
1914.
Railroad revenue............ $16,901,206 $15,387,928 $12,536,380 $11,294,971
Operating income............ 3,011,759
3,390,977 $2,744,788 $1,496,036
Other income_________
355,875
195,703
229,944
112,192
Gross corp. incom e.. $3,367,634 $3,586,680
$1,157,267
Interest on bonds______$1,324,566
H ireof equipment, & c._ 1,192,429
871,882
Div. on first pref........... (5)249,895 (5)250,000
Div. on second pref____(5)549,990(24*)275,000
$2,974,732
$1,146,537
1,017,620
(5)250,000
$1,608,229
$1,150,730
740,663
Bab. sur. o r d e f_____sur.$50,754sr$l,032,531 sur.$560,575 def.$283,186
Of the 2d pref. dividends here shown in 1917, one ($274,995) was charged
by company against 1916 surplus earnings.
Chairman, O. P. Van Swerlngen: Pres;, John J. Bemet: Vice-Presidents.
W. S. Hayden, J. R. Nutt, M . J. Van Swerlngen and O. L. Bradley; Sec..
W. D. Turner; Treas., Otto Miller. Directors: O. P. Van Swerlngen. M . J.
Van Sweringen, W. H. Hayden, J. R . Nutt, C. L. Bradley, J. J. Bernet,
E. W. Moore, Parmely Herrick, J. A. House, K . V. Painter and E. R.
Tinker of N. Y.; F. E. Myers of Ashland. O., and William A. Morgan of
Buffalo.(V. 105, p. 819, 2366; V. 106, p. 709.)
NEW YORK CONNECTING R R .— On April 1 1917 this company’s
new 4-track viaduct bridge, &c., was turned over to the N. Y . N. H. & H .
R R . to operate, forming a connecting link between the Pennsylvania and
New York New Haven & Hartford R R .. which own the entire $3,000,000
stock. Road Is 8.96 miles long, extending from connections with the
Long Island R R ., and the East River tunnel of the Penn. R R ., near L. I.
City, via its own bridge over the East River at Hell Gate to Port Morris.
N. Y . Passenger trains run direct via Penn. R R . station In N . Y . City;
freight trains also go via Bay Ridge, Brooklyn, passing by ferry to and from
Greenville. N. J. V. 104. p. 1045. 1388; V. 106. p. 396. Of the 1st M . 44*
($30,000,000 auth.), $24,000,000 have been sold, guaranteed, principal and
int., jointly and severally, by the Pennsylvania R R . and N. Y. N. H. &
Hartford R R . In May 1917 received authority to issue an additional $1.
.O p eratin g income................................................... 63,344.017 50,180,457 500.000. V. 102, p. 1718. 1989. (V. 103. p. 407, 2238; V. 104, p. 952.
Miscellaneous income.................
8,811,452
5.944,628 1045, 1388. 1489; V. 106, p. 396.)
Dividend income........ ................
11,099,697
6,961,516
NEW YORK & GREENWOOD LAKE R Y .— (See Map of Erie RR.)—
Income from funded securities..............
476,467
680,893
Income from unfunded securities, &c-------------------- 2,235,812 2,969,132 Owns from Croxton Jet., N. J., to Sterling Forest, 42 m., and branches to
Rlngwood, &o„ 8 m.; Watchung R y., Forest Hill to Orange, N. J., 4 m.;
Gross income__________________
85,967.446 66,736,627 total owned, 54 m. Stook, $100,000; par, $50. Leased to Erie R R . for
Hire o f equipment_______________________
2,200,652
Cr72,702 999 years from May 1 1896. Prior lien bonds are guaranteed, prln. and int.;
2,264,661
2,188,363 by Erie See V. 63, p. 513: form of guaranty, V. 65, p. 463.
Miscellaneous_________________
NEW Y O R K & HARLEM R R .— (See New York Central Railroad).—
Rent for leased roads____________________
6,354,581
6,270,648
Interest on funded debt__________ ________- .......... 28,871,300 27,073,097 Owns 8team road N. Y . City to Chatham, N. Y ., 136 m. Also owns street
Interest on unfunded debt________________
617,036
3,565,747 railroad on Fourth & Madison avenues, N .Y . City, 10 m . Assets, V. 95, p . 47.
Tho N. Y . Central R R . had on Dec. 31 1916 acquired $6,425,550 ofithe
Equipment depreciation account._____ __________ 2,500.000
______
Dividends paid (5 % )----------12,466,611 12,466,484 $10,000,000 stock at 350% (or $176 per share). V. 94. p. 208. 768: V. 93
p. 1788.1600.1696: V. 9 i. p. 1057: V. 98. p. 1157; V. 99. p. 1749. Decisio
Fob. 1915, V. 100, p. 398, 734; V. 106, p. 499.
Balance, surplus or deficit...................................sur.30.692.606
srl5,214.990
92
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
{For abbreviations, <&c., see notes on first page
New York C hicago & St Louis (Concluded.)—
Debenture) bonds $10,000,000 gold______G.xc*&r*
Eqps o f '10 $1,100,000 due$110.000 each Aug lQ .c*
Equipment trusts due $30,000 yrly Oct 1______ G
do
do sink fd red 101 & int__________ xxc*
N Y Conn R R — 1st M g red 105 begAug’ 18-G .y
Preferred stook 14%. 10% guaranteed.
First mtge guar by Del Lack & Western_____F.xo"
Construction mtge guar by D L & W (end)__ F.xo'
Third M Term Imp (55,000.000) guar p A 1(end) .F.J
New York Lake Erie & Western— See Erie RR
Pref. a&d stock 7% cum $45,000,006 call 110Debentures ($5,000,000 are 4s) non convert-
Miles Date
Road Bonds
___
__
__
--54
148
146
136
214
214
214
214
Par
Value
$ 1,000
1906
1.000
1916
1,000
1916
1917
1,000
1913 1,000 &c
1896
100 &o
__ _
50
50
1900 1,000 Ao
100
1880
1,000
1883
1,000
1890
1,000
38 1891
__ ’97-’01
__ 1904
__ 1905
__ 1906
___ 1906
___ 1907
do
__ ____
-- 1908
___ 1916
Oollat tr notes, $45,066,666 g.
1917
62 1892
87 1887
N Eng cons (now 1st) M $7,500,000 5s g gu.Ba.zo'
363 1895
__ 1889
14 1888
2S 1892
Danbury & Norwalk cons M ($100,600 are 6s) ..z c '
36 1880
36 1885
36 1905
1? 1904
n Reg Interest AmQ
easoff Penn.
3 .— (V. 106, p
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable.
sp10.000.000
4 g M A N M ay 1 1931
990.000
444 g F <& A Aug 1 '18 to '26
270,000
444 A & () Oct 1 ’ 18 to '20
3.800,000
M & N May 1 1931
5
24.000.000
4 'A g F & A Aug 1 1953
1.471.900
5 g M & N May 1 1946
8,656,050 14 Inl917 See text Jan 2 '18 214%
1.343.950 14inl917 See text Jan 2 '18 214%
12,000,000
344 g M A N May 1 2000
10,060,000
5
Jan 21918144
12,000,000
J A J Jan 1 1921
0
5,000,000
F A A Aug 1 1923
6
5.000,000
4
M & N May 1 1923
Chase Nat Bank, N Y
2,500,000 4 £T & 5 M & S Sept 1 1941
157.117.900
Sept30’ 13 114%
NoneFob’ 18
10,000,000 314 & 4 M & S Moh 11947
10,000,000
314 A & () Apr 1 1954
15,000,000
J & J luly 1 1955
4
9,705,450
3 44 J & J Jan 1 1950
15,000.000
4
M & N May 1 1950
500f rs&o 14,784 572
A A O Apr 1 1922
4
1,000 13,898,605
4 g A & O Apr 1 1923
100 &c 39,029.000
o e J fc J15 Jan 15 1948
5g
Apr 1 1023
1,000 &c 44,000,000
A & 015 Apr 15 1918
6g
1,000
1.000.00U
4 e A & o Apr 1 1942
1,000 2,839,000
5 g VI A N Nov l 1937
1,000 17,500.000 4 g A 5 e J A J July 1 1945
1,000 1,500.000
4
A A o Apr 1 1939
1,000
575,000
5
M A N May 1 1918
1,000
750.000
5 e J A J July 1 1922
1,000
500,000
5 A 6 J A JJuly 1 1920
1,000
150,000
5
A A 0 Apr 1 1925
350,000
4 g J A D June 1 1955
1,000 &c 15.000.000
4 g M A N May 1 1954
R R .. Phi
. 607.)
Liberty Nat Bank, N Y
Co's office. New llaven
1,000
100
100
1,000
500 &o
1,000
100 Ac
The steam road (since partly eleotrlfled) was leased April 1 1873 for 401
years to the N. Y, Cent. & Hudson R. R R . Co. for Interest on the bonds and
dividends o f 8 % (this being Increased to 10% by a supplementary agree
ment) per annum, payable J. & J. on the entire capital stock. Lease asmimed by N . Y . Contral R R . on consolidation Dec. 23 1914.
The street railway was leased July 1 1896 for 999 years to the Metro
politan St. R y. (now N. Y. Railways Co.) at $350,000 for the first 5 years
and $400,000 annual rental thereafter; this Is distributed as a dlv. on the
■tock,payable 2% In April and 2% In Oct. V .94.P .124.— (V. 100,p.734.)
NEW YORK LACKAWANNA & WESTERN RY.— Binghamton to Buf
falo and Internat. Bridge and branches, 214 m., of which the main line, 213
m ., Is double track; D. L. & W. has a lease for duration of charter from Oct
1882, giving a guaranty of the bonds and 5% yearly on the stook. See form
of guaranty of terminal bonds In V. 67, p. 1357; see also V. 68. p. 283.
NEW YORK & LONQ BRANCH RR.— Perth Amboy to Bay Head, N. J.,
38 miles. Operated under an agreement made In 1888 for a period of 99
years with Penn. R R . and Cent. RR. of N. J., which Jointly and severally
guarantee Interest and 7% on the $2,000,000 stook. all owned by Contral
R R . of N. J. Of the bonds $192,000 are 5s.— (V. 72. p. 438.)
NEW YORK NEW HAVEN & HARTFORD RR.— Covers Southern New
England and the only direct routes between New York and Boston.
Lines owned in Pee—
Miles.
Leased (part owned)—
Miles.
Woodlawn Jet. N . Y ., to Provi
Old Colony R R . (which see)__ 532
dence. R . 1__________________ 173
Lines Leased—
Boston, Mass., to Hopewell Jet.,
48
Providence and Worcester_____
N . Y ............................................. 213 Norw. & Worcester (which see)
71
New Haven, Conn., to Spring
Other lines___________________ 109
field, Mass.................__........... 120 Track to New York City, &c.
Lines to Pittsfield. Litchfield,
(V. 88. p. 53)...........................
51
Springfield, &c_______________ 687.
Total operated Jan 1 '17 (128 m. has four and 831 m. two tra cks).. 1,995
On April 1 1917 began operating N. Y . Connecting R R . (which see
abovo). V. 104, p. 1592; V. 105, p. 2094.
In Oct. 1904 $29,160,000 of the $58,118,982 N. Y. Ont. A West. com .
■took was aoqulred at $45 per $100 share and $2,200 of the $4,000 pref.
V. 95, p. 481: V. 79. p. 2086, 2642: V. 80, p. 1363; V. 95. p. 1427.
On May 9 1912 permission was obtained to purchase from the New York
Central the remaining one-half ($2,352,052) of Its majority holding of
$4,704,100 pref. stock of the Rutland R R ., the other one-half having been
acquired by the New Haven road In Feb. 1911. Decision dismissing suit
to prevent this purchase was upheld on Doc. 7 1915 by N. Y . Court of
Appeals, but the New Haven, It Is stated, stands ready to soli out. Rut
land pref. received 2% dividend April 1917, V. 104, p. 1046. V. 93,
P. 166o. 1788; V. 94. p. 1317; V. 95. p. 1608; V. 101, p. 1974. Suit against
former directors. V. 102, p. 251, 1347; V. 104, p. 1801. Rate caso,
V. 105, p. 1955. Reduced passenger train service duo to war, V. 106, p. 86.
Owns greater part of stook of Central New England Ry. (which see) and
guarantees $13,427,000 gen 4s. V. 92, p. 1179, 1375, 1430; V. 93, p. 866.
Penn. R R . on Dec. 31 1910 owned $5,312,500 stock and New York Cent
& H . R. R R . C o.. $1,545,000. V. 90. p. 1425.
Owns praotlcally all the stock of the N. Y . Westchester A Boston. 177tb
St., N. Y . O., and Mt. Vernon, &o.; total trackage, 74.57 miles, of which
50.57 held In fee and 24 m. under perpotual trackage rights
See bond ofJS ft*
V. 93. p. 346, 800; V. §4. p. 1508. 1627: V. 95. p. 48, 298. 904.
1040. 1208, 1746: V 100. D. 643, l6 l9 . See “ Electric Railway S ection/
MASSACHUSETTS A C T.— An Act of Mass. Legislature duly adopted
by directors on M ay 8 1917, (1) grants authority to retain possession of
14 subsidiaries, but requires the sale of the Rutland RR. stock within five
years (unless the tlmo be extended); (2) makes numerous stipulations as to
how sundry branch line securities shall be treated in the accounts, and
(3) limits dividend on common stock to 6% p. a., untU various conditions
are complied with. V. 104, p. 2010.
SEGREGATION.— The stockholders on Apr. 21 1914 approved an agree
ment which had been reached with the Govt, for a surrender to inde
pendent control of certain parts of the system so as to prevent a suit under
the anti-trust law as follows: (1) The Boston RR. Holding Co. stock own
ing 52% of the stock of the Boston & Maine R R . has been transferred to
5 trustees, viz.: Marcus P. Knowlton and James L. Doherty of Springfield.
Mass.; James L. Richards and Charles P. Hall of Boston, and Frank P.
Carpenter o f Manchester, N. H ., and, after arrangements have been made
to protect the minority stock o f the holding company, they shall sell the
Boston & Maine stock before (as extended) Feb. 1 1919. V. 105, p. 1618:
1802. See V. 103. p. 166; V. 99, p. 1221. See Boston & Maine.
(2) The stocks of the companies which control the Connecticut and
Rhode Island trolleys have been placed In the hands of trustees— 5 for each
State— and shall bo sold within 6 years from July 1 1914 V 99. p. 1452.
(3) The majority stock of the Merchants' & Miners' Transportation Oo.
held by the New Haven R R ., which has been sold
V. 98, p. 1320, 1396.
(4) The minority stock of the Eastern Steamship Corporation, held by
theNew Uaveu RR shall be sold by April 1 1918 (asextended In 1917), and
In the meantime shall be deprived o f voting power. Reorganization plan
In 1916, V. 103. p. 846, 1601. V. 99. p. 1369. 1454; V. 104. p. 952.
(5) Whether the Long Island Sound steamboat linos may ho retained
Will be determined by I.-S. C. Comm. V. 103, p. 1981; V. 105, p. 2184.
(6) The Berkshire trolleys shall be sold within 5 years from Julv 1 lv)H
(7) The stocks or companies owning or controlling street railways In
N .Y . shall be sold by July 1 1919. V. 89, p . 1000. 1072. 1157, 1239, 1245:
V . 99. p. 467, 270, 198, 120, 1131, 1221; V. 100. p. 642.
Report or Inter-State Commerce Commission July 1914, V. 99, p. 270.
Suits against former directors, V. 99, p. 198, 270, 407. 538, 1307. 1052:
V. 102, p. 345, 251; V. 103, p. 844; V. 104. p. 1592.
STOCK.— Authorized Issue unlimited. In M ay 1917 the Connecticut
Legislature passed a bill authorizing the company by vote o f 06 2-3% of its
stock to create an Issue o f not exceeding $50,000,000 pref. stock for the
purpose o f discharging floating dobt, and to fix the dividond rate theroou
at not exceeding 7% p. a. with, if desired, the cumulative feature and the
right to retire common stock therewith. V. 104, p . 2010. A hill adoptod
by the Mass. Legislature, limits the prof, stock to .$45,000,000. V. 105.
p. 1104; V. 104. p. 2118, 2343. V. 100, p. 1510; V. 103, p. 1210.
Amount
Outstanding
[ V o l . 10G
Guaranty Tr Oo, N Y
New York and Olovoland
See “ a " below
50 Church St, Now York
Grand Central Term ,NY
do
do
do
do
Del Lack & West, N Y
do
do
do
do
do
do
Lincoln Nat Bank, N Y
Second Nat Bank, N II
Lincoln Nat Bank, N Y
Second Nat Bank, N H
Lincoln Nat Bank, N Y
J P Morgan & C o., N Y
J P Morgan & Co, N Y
Second Nat Bk.New Ilav
N Y and Boston
Central Trust Oo, N Y
Farmers' L & Tr Co, N Y
Safo Dep & Tr Co,Boston
Coup, office; reg, mailed
Second Nat Bk.New Hav
Lincoln Nat Bank. N Y
Second N atB k, Nownav
do
do
do
do
Lincoln Nat Bank, N Y
PREF. STOCK PLAN.— The shareholders voted Oct. 24 1917 to auth
orize $45,000,000 7% cum. pref. stock to which they wore to bo asked to
subscribe for the purpose of putting tho company on Its feet free of the
$45,000,000 note issue. See full official statement, with earnings, &c.. in
V. 105, p. 1413, 1420, 1708, 1802. In Feb. 1918 the Mass. 1>. S. dommis.
slon sanctioned tho issue of $44,200,000 of this prof, stock. V. 106, p. 715.
DIV ID E N D S.—
j 1S73-1893. 1894. 1895 to 1912. 1913. None
Per c e n t ______________\ 10 yearly
9
8
5
since
BONDS.— Tho $45,000,000 one-year 5% collat. trust notes dated Apr. 15
1917, were Issued (V. 104, p. 1264, 1388, 1489) to provide for paymont at
maturity on May 1 of the company’s $25,000,000 444 % one-year notes and
$20,000,000 6 % 3-year guar, notes of Now England Navigation Co. Tho
new notes aro secured by pledge of tho securities named below, having a
total market value In March 1917 of about $66,575,000, and representing
at current rates an annual Income of $3,140,000. tho total income earned
on the pledged securities, Including tho undistributed Income of tho several
companies, being about $5,232,000 yearly. In 1917 $1,000,000 of the
notes wero bought in and in 1918 a further $341,000 was called for payment
April 12. V. 106, p. 607.
Collateral Valued at $66,575,000 Securing $45,000,000 Notes of 1917.
Stocks—
Par.
Value.
Stocks~(Concl.j— Par.
Value.
Bost. & Prov. RR. $524,600 210% Conn.Co.(St.Ry.)$40.000,000 50%
Nor. & Wore. R R .
97,100 120
Contral (p r e f ... 3.737,000
70
Old Colony R R .. 9,813.200 120
Now Eng.[com ___ 4,795,000
50
Prov.War.&Br. RR. 486,700 100
Hart.fc N.Y.Trans. 2,000.000
100
Prov. & Wor. R R .
955,100 185
Ronds (See also V. 104. p. 1264.)
Conn. River R R .
101,500 140
Cent. N. E. 1st 4s. 1.500,000
75
Hart. & Conn. W . 1.748,200
28
Harlem Rlv. & Port.
Rutland RR. pref. 2,352,000
30
Debenture 5 s..13,000,000
93
Concord & M ont.
240.900 100 Prov. & Dan.
146,400
Conn. & Pass___
90
1st 5s.................
600,000
90
North. RR., N. H.
92.200 100 Sea View R R .lst 5s 600,000
90
N.---------------Y . Ont. & W
.. ..2 9 ,162.200
24
Conn. Co. dob. 5s. 1.250,000
97
Harlem River * Portchester Dlv. 4s of 1904, V 85. p. 1143.
Debenture certfs. of 1906. V .81. p.976. 1039, 1493; V.84, p. 103. 694.
In Feb 1907 145,000,000 francs ($29,000,000) 4% 15-year debentures
with a fixed rate In marks and £ were sold. V. 84. p. 391, 450, 508, 804,
931. The dollar bouds aro Lssuod in exchange for tho forogolug bonds
$ for $, and are to be secured by any future mortgage on the main line be
tween Woodlawu, N. Y ., and Providence, and also Springfield, 235 milos,
pro rata with any other bonds secured thereby. V. 103, p. 759. Provi
dence Terminal Co. bonds ($7,500,000 authorized), see V. 82. p. 929. 629.
693, 1213, 1323; V. 83. p. 90, 819.
The $39,029,900 6% debentures are convertible Into stock after Jan. 15
1923 at par, and are to bo secured by any mtge. hereafter created, covering
the main lines between Woodlawn, N. Y. City, and Springfield, Mass., or
New Havon, Conn., and Providence, R. I. V. 85, p. 1270. 1339. 1102, 1647.
Tho $700,000 5% debentures for New Haven station aro to bo secured by
any future mortgage. In March 1917 nono had been lssuod. V. 103,
p. 1302, 1119, 1593. Equipment trusts of 1917, V. 105, p. 910.
The development of the atljaccnt surplus real estate not used for the
Grand Central Terminal, N. Y .. will be financed through the N. Y . Realty
& Terminal C o., whoso stock Is equally owned and obligations guaranteed
by N. Y . N. II. <k II. and N. Y . Central. V. 95. o. 904; V. 101, p. 370.
Equipment notes of 1914, V. 98, p. 913; V 99. p. 1307, 1452. 1911.
Equipment trusts of 1915 to 1917, V. 105, p. 1708. V. 103, p. 119, 1601.
Of the $21,390,000 N. Y. Westchestor & Boston 1st 4 Us, this company
owned $2,190,000 on June 30 1916. See “ Electric Ry. Section."
Outstanding Consolidated Ru. Co. Debentures Assumed (see "Elec. Ry. S e c .").
4% 1904— x$4.255,000 jjuu,y
iy ti 1954|4 % 100,3
uiuo __x$2,011,000 Jan. 1 1950
1% 1905 „ x2,309,000 Jan. 1 1955 3-3>4-4%'05 X972.000 Fob. 1 1930
4% 1905
x 1,340,000 A p r .l 1955
Outstanding Street Railway Ronds Assumed as of July 1916
(All 5 per cents except as shown. Seo pago 72, “ Elec. Ry. Section").
W .& O .E . 444a $1,992,000 Jan. '43 Hartf. St. 4 s ...$2,500,000 Sept. '30
N. H. <& C e n t ... 283.000 Sept. '33 Greenw. Tram . . 320.000 July '31
Mer. Horse_____ 415.000 Jan. '24 Branford Elec__
63,000 Oct. '37
Norwich St......... 350.000 Oct. '23 Torr. & Win____ 150.000 Doc. '17
Montv. St........... 250.000 M ay '20 Mor. So. & Comp. 175.000 July '28
New London S t. 1.50.000 Oct. '23 Staff. Sp. St____ 400.000 July '56
H art.M .& R ock. 200.000 Oct. '24
GENERAL FINANCES.— As of March 28 1917 Chairman Elliott
reported
that except
.
.
for equipment trusts aud the refunding of
short-term debts no money had boon borrowed for capital purposes
In threo years, while In the past 31 months floating dobt had been reduced
by $10,297,000 and a further $10,037,000 had gono into Improvements and
additions. V. 104, p. 1702, 1264, 764.
On M ay 1 1917 V.-Pres. E. J. Pearson succeeded President noward
Elliott, who retired from executive management but remains a director and
chairman of new committeo on Intorcorporato Relations. V. 104, p. 1702.
In Jan. 1918 N. Y. Ont. & Western Ity., $29,160,000 of whoso stock is
owned by this company, paid a dividend of 2% , tho first distribution since
July 1916, when 1% was paid, preceded by 2% in 1913, 2% yearly 1906 to
1911 and 414% in 1915. V. 105, p. 2456.
INVEST’S.— Pledged and unpledged, V. 103.jp. 1605: V. 105, P- 1413.
EARNS.— 11 m os.- Gross
Net
Oth. Inc. Charges.
Surplus.
s
s
s
s
s
To Nov. 30 1917.-78,823,276 19,597,426 2,290,930 19,367,188 2,521,168
To Nov. 30 1916..73,639,985 21,262,678 2,483,648 19,096.398 4,649,928
REPORT.— For now fiscal year ending Doc. 31 1910 In V. 104, p. 1709.
Roport for 1915-16 in V. 103, p. 1501, 1587, 1598. Status 1917-1918, V.
105, p. 1413, 1420, 2094; V. 106, p. 189. Contingent liabilities, seo list,
V. 103, p. 1604.
Net Income After Paying Taxes, Rentals, Interest and Guaranties.
June 30 Years—
1916-17.
1915-16.
1914-15.
1913-14.
Net after all charges------$0,233,003
$4,974,052 $2,397,141
$349,204
For year 1916-17, gross earnings, $88,624,400; not, $25,287,642; nonoper. income, $6,679,480; deductions, interast, rentals, &c., incl. intorost
and discount on $45,000,000 notes, $25,734,119; bal., sur., $6,233,003
R A ILW A Y STOCKS A N D BONDS
F e b ., 1918.]
RAILROAD COMPANIES
[For abbreviations, &c.t see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
93
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
New York New Haven & Hartford (Concluded)—
Boston <&N Y Air Line 1st M $5,000,000 (assum)
Pawtuxet Valley 1st M _________________________
Consolidated Ry debentures.
do
do
do
do
do
do
do
ser OO duo $65,000 s-a
iii»
* *»
cvo.,
\ V LUO*
Holyoke A Westfield 1st M (V 92. p 322. 795) gu.o'
-
-------
” w»vvovv* Uinu luuufiago ViUUCUi/jr...
New Eng Invest & Sec pref cum 4% guar.. . . . . . . .
™ rr°TTr
. Funding gold notes...........................
N Y W m & B os 1st M *68.000,000 g red llO G xo’ Ar'
--- **w*i6C*nuu V-iUUOUCUIUIC3 bVSIU----------------4
do
do
do ______ ___________________
.. Springfield R y cos 4% cum pref stock red 105 guar
New York & Northern— See N Y Cent UK.
New ,«ork Ontario & Western— Common stock-------juiaw uuKo »zu,uuu,uuu gom -.u a .xo’ ocr
Gen M *12,000,000 gold red 110 (see text) —Nxo* Ai
Equ p notes Ser O 530,000 s-a (V 96,p 420 -Bnz
Equipment notes Series " D ” duo $35,000 s-a
New York & Ottawa— See N Y Central UR.
New York Phlla & Norfolk— Stook, *4,000,000
First mtge $3,000,000 g (V 68, p 773. 978) -F P .x o *
Income mtge g non-cum regls (V 68, p 978)___FPx
New York & Putnam — Seo New York Central
N Y & Rockaway Beach— 1st M *1,000,000 g gu-Cc-o’
Second mtge Income bonds non-cumulatlve— Co.zr
61 1904 Sl.OOO&c *2.500.000
M & N May 1 1954
Second Nat Bk, N Haven
1902
234.000
A & O Oct 1 1930
IS
do
do
1905
1.000 3.777.000
F & A Aug 1 1955
do
do
5:60 1905
(?)
160.000
A & O Apr 1 1925
New
Haven,
Conn
1906
2.400.000
June 1 1956
Second Nat Bk, N Haven
1906 il.OOO&c 4.000,000
t g
M & S Mch 1 1950
do
do
See text
1907
1.000 19,899.000
4 g M & N May 1 1957
Equitable Trust Oo. N Y
Sectlo n” p.72
7,278.000 4. 4 X . 6
1910 to 1956
1914
1,000 1.992.000
5
A & O Apr 1918-1929 Farm Loan & TrCo. N Y
1914
1.000
679.000
8g
M & N To Nov 1924
Phlla Tr 8 D A Ins Oo
1915
die
1.900.000
J & D
Phlla Commercial Trust
1916
1.235.000
M & S Mar ’ 18-Sept ’26
1917
1,000 1,103.000
F
&
A
4X
Aug ’ 18-Aug ’27 Commercial Tr C o, Phlla
1604)'
10 1911
1.000
190.000
4H A & O Apr 1 1951
Treasurer, N Haven,Con
New
Engla nd R y— See those co mpanles
ose co mpanl os
61 1897
1,000 1.500.000
4
A & O Oct 1 1947
R I Hosp A Tr Co, Prov
100 4.000.
J & J Jan 1918, 2%
0004
1909
5.000. 000 4 to 5
Apr 11924
1911 * & £
See text.
J
&
J
July
1
1946
4X g
New York A London
1905
M &M13 Nov 13 1955
3.600.000
675.000
i e
J & J Jan 1 1955
—
—
100 3.387.950
4
J & J Jan 1918, 2%
___
100 58,113.983
Jan 14 1918,2% Checks mailed
Text 1892
1.000 20.000.000
M A S June 1 1992
4g
Office, Gr Cent Ter. N Y
1905
1.000 8.630,000
4 g J & D June 1 1955
do
do
1910
1.000
180.000
4 X A & O Apr 1918 t o ’20 Bankers Trust Co, N Y
1913
1,000
630.000
M & S Mar 1918 to '28
do
do
1916
1.000
385.000
A & O A p r’ 18-Apr ’23
tn
do
do
50 2.500.000 12 1n ’ 17 M & N 30 Nov30 1917 6% Checks mailed
112 1899
1.000 2.600.000
J
&
J
4
g
Jan
1
1939
Broad Street Station
112 1899
1.000
881.000
4
M & N Jan 1 1939
Checks mailed (see text)
RR.
11 1887
1,000
984.000
5
g
M
A
S
Sept
1
1927
Treasurer Penn R R , N Y
1887
1.000
980.000 Up to 5 5 In 1916 Sept 1 1927
41
Broad St Station, Phlla
NEW Y ORK NEW HAVEN & H ARTFORD
-Dec. 31 Years
1916.
1915.
Miles, oporated1.995
2,004
$
$
Passenger earnings___ „ 31,085,035 27,996,925
Freight earnings_____ — 38,727,424 34.397,449
Miscellaneous_______ — 10,619,708
7,712,212
(Concluded)—
——June 30 Years1914-15.
1913-14.
2,005
2,046
$
27,010,799 27,643,836
31.179,319 32,476,639
7.189,146
7,332,117
Gross earnings______ 80,432,167
Net, after taxes_______ 23,058,358
Other income_________ 7,288,281
70.106,586
22,069,085
6.568.512
65.379,264
1§ ’§ 2 ?’982
6,855,051
Total not Income____ 30,346,639
Interest on bonds, &c__ 10,894,567
Rentals. A c..................
12,755,019
Separately oper. prop’s .
984,391
M'scoHanoous.................
157.684
Dividends_____________ ________
27,637.597
11,392,027
10,493,732
988,726
105,970
24,357,133
11,180,323
9,705,146
995,672
168,121
67,452,592
14.650.123
7.821,524
22,471,647
11.917.056
8,926.529
1,098,325
261,074
(1X)2356769
Balance---------------- sur.5,554,977sur4,659,140 sur2,307.972 dof2,088,106
OFFICERS.— Pros.. E. J. Poarson, Boston; Sec.. Arthur E . Clark^ r?53” ,Augustua 8 - M ay, Now Haven, Conn. V. 101, p. 1629.
’
, Dlrectors.— Howard Elliott, James L. Richards and Jos. B. Russell
of Boston; John T . Pratt and J. Horace Harding N. Y . City; T De Witt
. Phlla.; Edward J. Pearson, Arthur T . Hadley, BonJ. Campbell
§
• Augustus S. May, New Haven, Conn.; Francis T . Maxwell
Rockville, Conn.; Edward Miliigan, Hartford, Conn.; Frank W. Matteson’
O & H s r ” " " 0- * '” » " ' * • Con—
v ! “ o «:
o n S , Y O RvK ONTARIO & WESTERN R Y .-O p era tes from Weehawken.
’ Clt5r- to Oswego,
on
Lake
Ontario, In all 568
miles, viz
Road O
lOTLPY
.fi—
A.'fU
p.9
finmi
a■ Hoad
Owned—
Miles.
Hoad Controlled, Ac.—
' Miles
Oiwego to Cornwall, N. Y ......... 272 Pecksport, Conn. (leased)............. 4
branch to New Berlin.....................22 Oat. Garb. *
(leased) Cadosta,
do
to Delhi............................ 17 „ N - Y ;. to Scranton. Pa, A c_____ 73
do
to Elienvllle- - - - - - - - - _ 7 Jr?.rae
cllnton (leased)............. *13
Utica Clinton & Bing, (leased) „* 3 1
Total owned______________ 319 Wharton Valley (owned)___ ___ 7
Tracfcape(tlll 2079) W.Shore R R .'
Elienvllle & Kingston (leased)____ 28
C’nwall to W ’ken ( V .6 1 .P .4 2 5 ). 56 Port Jervis Mont. & Summltvllle
See this company.
(owned and leased).....................38
CONTROL.— In Oct. 1904 N. Y. N. H. As H. R R . acquired S29 160 000
com stock at *45 per share and *2,200 o f the *4.000 pref V. 4 p. 48l
V .7 9 .P . 2086. 2643; V. 80. p. 1363. 2458; V .8 1 .p :f 0 4 4 V . 97. p. 1427.
STOCK.— There Is *4,000 old preferred. V. 79, p. 977, 9gof 1332.
DIV ID E N D S:
f ’05. ’06 to ’ l l . ’ 12. *13. 1914-15. ’ 16. 1917. 1918.
On common_____% \ 4X 2% yearly. 0
2 None
1% None Tan 2%
In Jan. 1918 paid 2% dividend on common stock. V. ins n 24KR '
NEW YORK & ROCKAWAY BEACH RY.— Owns Glendale Jet. to Rock
away Park. 10.31 m.,wlth branches.2.06 m.; total, 12.37 m.; double-track.
Stock, *1,000,000; par, $100. Leased 50 years from July 1 1904 by Long
Island R R . Co., which owns 5972.000 stock, whose endo’-sement Is printed
on 1st M. bonds. On Jan. 1 1916 *101,000 firsts were owned by L. I. R R .,
together with the *978.000 Incomes. V. 83. p. 890. First dlv. on stock and
Incomes, 5% each, paid In 1914. 1915 and 1916. V. 100. p. 1079. Cal.
year 1916. gross. *1.371,520; not. $410,109; other Income, $1,946; deduc
tions. *406.701; bal., sur.. *5,354.— (V. 100. p. 1079; V. 102. p. 1540.)
NEW YORK SHORT LINE RR.— Owns a cut-off for the Reading Co.
between Cheltenham and Neshaminy Falls. 9.38 miles, opened May 1908.
V 79, p.1038. To be 4-tracked— 2 tracks laid at present and on 1.73 miles
3 tracks. Leased to Phlla. & Reading Ry. for 999 years from Feb. 1 1907.
The $250,000 stock Is owned by Reading Co., which guarantees the bonds.'
principal and interest.— (V. 84. p. 1552; V. 87, p. 1421.)
NEW YORK SUSQUEHANNA & WESTERN RR .— (See Brie Map.)
Owned (in fee) or entire stock. Miles. Wilkesbarre & Eastern__________ 65
Jersey City to Stroudsburg, P a .. 99 Susquehanna Connecting R R ____ 8
(Double tracn 19 miles.)
Other branches__________________ 24
Beaver Lake, N. J.. to Unlonvtlle. 21 T rackage......................................... 4
Total road operated December 31 1916___________________ _______ 221
STOCK.— Pref., *13.000,000; com., *13,000,000, of which the Erlo
owned Dec. 31 1916, *25.610,658 com. and pref.— of this, *6,630,000 com.
and *12,936,000 pref. being deposited under its mortgages. Dividends on
pref., Nov, 1891 to 1892, 2)4% yearly; none since.
BONDS.— General 5s are reserved to retire 2d 4 )4s. See abstract, V. 52;
p. 84. The seconds are exchangeable for generals on payment of an assess’t.
Terminal bonds, see Issue of Jan. 1898 and abstract. V. 57, p. 512.
The *3,500,000 Midland RR. 6s were extended 30 years from 1910 at 5%
and *200.000 Paterson Ext. 5s 40 years at same rate. V. 90. p. 373 . 91
1916> v - 103- P- 61.. Loans and bills payable Deo.
31 1916, *350,000.
EARNINGS.— 12 mos., (1 9 1 7 ..Gross, $3,478,993; net(aft. *582.720
Jan. 1 to Dec. 31.
\1916—Gross, 3.398,205;
taxes)
774,137
R EPO RT.— For new fiscal year ending Dec. 31 1916, in V. 105, p. 69.
Year—
Gross.
Net.
Other Inc.
Charges.
Net Income.
1 9 1 6 ..........$3,974,431
$962,089 *249.355 $994,510
*216.934
1915 --------- 4,107.036 1.331.380 183.008
1,084,622
429.766
— (V. 100, p. 475; V. 103, p. 61; V. 105, p. 69.)
NIAGARA JUNCTION RY.— A terminal and switching road extending
from Niagara Falls. N. Y .. to Fletcher’s Corners, N. Y ., 4.86 miles: factory
sidings, 9.16 miles. Electrically operated since September 1 1913. V .
97, p. 1837. Stock, $160,000 com. and $85,000 8 % c u m . pref. (*55.000
more pref. In treasury), all owned by Niagara Falls Power Co.
Calendar year 1916, net, *72,910; other income, *427; Int. and taxes;
*20,125: bal., sur., *53,211. Pros., Edward A. WIckes; Sec. & Counsel.
Fred’k L. Lovelace; Treas., Paxton Little. N . Y . office. 15 Broad St.
NORFOLK & PORTSMOUTH BELT LINE RR.— See page 213.
own?riN
nn’fh
’—
mlIea of
owned, all
the° securities
of the Ont. Carb. & Scran.C0ver3
Rv 319
54 miles
androad
all
NORFOLK SOUTHERN R R .— Operated Dec. 31 1910 907.71 mllea’
^ te£ aC9ulred property. V. 72, p. 87; V. 78, p 2012; V. 80 p 651. As
extending from Norfolk, Va., to Raleigh. Goldsboro and Beaufort and the
Jiao ®}2,000,000 Gen. M . 4s of 1904 see V. 79, p. 1332 ’ l432- V. 92
P. 462; V. 94, p. 1508; V. 96. p. 420. 653.
* Piedmont section. N. O., with branches. Of this total, the company owne
L a c k e r ™ t£°<F.ale,n^lar Ziar} 8™
coal properties at Scranton, Pa., of the 794.04 miles and leases 108.33 miles (from Goldsboro to Morehead C ity),
70i)()n n ?n * ®teel Co (the capacity of the collieries then open being about and has trackage rights on 5.34 miles; 44.82 miles Is equipped electrically.
At Norfolk the company has connection with steamship lines which
tons per annum) werepurchased by the’ Scranton Coal Co., aided
rurnish practically a dally service to Washington, Boston, Richmond.
( f f
trZ ttl0, N’ Yi °P„h i oi n e latt<Jr !S3uln‘r
*2.500.000 5% notes
*305 non h ^ T nt 0aI6- Teh- 19H) • and loaning *1.475.000 (of which Baltimore, Philadelphia and New York.
Owns entire cap. stock and bonds of John L. Roper Lumber C o., owning
naK0 V
,re^
v th,m°A
^ taIhlnj?
v heo bee5
o. 41.
429: ) ’V.
69. d. 604. 646;
V. 81,contract
p. 1792.for entire ton- over 600,000 acres of timber lands and 200.000 acres of timber rights. V. 87,
nntmit^Yo
^dependent anthracite properties with a maximum p. 1415. The John L. Roper Co. owns entire stock (*175,000) of Carolina
2i„ put of 2,000,000 tons annually were merged as the Elk Hill Coal A Iron R R ., Snow Hill to Pink Hill, N. O.. 35 miles. V. 95, p. 1684: V. 90. p. 803.
As to Piedmont-Cumnock Coal C o., an ally or subsidiary, see V.106p.607.
seemed5 & & ° A & ,WY
6 mos
^
IP1®0-* these notes maturing each
ORi 3&&JZATION-— Successor May 5 1910 to N. & S. Railway, foreclosed
V .7 3 V ^ r - *
when final installment was paid. V. 71, p. 1270; Deo.
7 1909 per plan V. 87. p. 614. 678. Incorp. In Virginia May 2 1910.
STOCK AND BONDS.— Under plan In V. 87, p. 614. 678, the new oo.
— Fiscal year now ends D oc. 31. For 1910. In V 104 n 1894
authorized *16.000.000 stock and *12.000,000 "First & Refunding” M. 6s.
« 7 2 . a — ‘S , , #
l t “ M 7 y v “ B o !0pU'4 § l . 5-421' 102 •»“ >'•
Of the ‘ First & Refunding” *35,000,000 bonds. *8.100.000 were made
Issuable for general corporate purposes, of which *7,525.000 were sold;
-Dec. 31 Yearsalso (February 1913) *5,458.000 authorized by the stockholders In June
1916.
1915.
*8,794.166 $8,779,753 1912 to acquire the Raleigh Charlotte & Southern R y. and Improve
NotSafferr
,878
J{ct,
afterntngS.......................................S9,1641
taxes.....................................not stated
$2,320,249 $2,314,810 ments and extensions; *3,981.000 were reserved to retire a like amount
__ _ _
297 f\7(\ $2,510,383
Net income, _
$2,499,920 of underlying bonds, leaving *18.638.000 available for future purposes, of
^ '• c a t on fu n d e d 'd e b t:::::--------- : r ’227’070 $1,145,200 $1,145,200
which $3,693,000, however, were Issuable only upon vote o f three-fourths
Rentals n&°cUS ,ntcrcsfc and discount.. j 1,250,209
73,271
71,812 of the directors and a majority o f the stock for additional road. To Jan. 1
1918 retired by sink, fund, *555.000; held for co. by Cent. Tr. Oo.. *1,955,„
452,230
460,947
Preferred dfv'idends.............
210
210
210 000: held by public, *12,870,000.
Common d i v i d e n d s .:" ::...................
These bonds are secured by a first mortgage on 334 miles, and. subject
(1%)581.071
to underlying Issues aggregating *3.981.000. on 465 additional miles, and
Balance, surplus...............................
$977,257
$258,301
$821,750 also by a first Hen on practically the entire equipment, valued at about *2,1 res.. John B. Kerr. Office, Now York,— (V. 105, p. 1309, 2184, 245 6.) 720,625; also by a 1st lien on the entire stock (*1.000,000) and 1st M . bonds
($5,000,000) of the John L. Roper Lumber Co., owning 10 planing, saw and
shingle and oedar mills, with an annual capacity of 150.000,000 ft,, board
NEW Y O R K & PENNSYLVANIA R R .— V. 105. p. 2272, 2368.
measure; and 140 miles of standard-gauge logging road, 300 logging
» 7 2 l o W e D PSM
E.LPlHl,A 1& NORFOLK R R .- I n Jan. 1909 all but oars, 25 locomotives, &o. The value of the Roper lumber property has
P n in h n v Y ^ ’ Y00-,000
bad accepted the offer of the Pennsylvania been estimated at $12,785,000. Sinking fund *100,000 yearly, as long as
the lumber company bonds are pledged, at least one-half for purchase or
o W lg a tio ^ $600,o o t ^ ^ P> ^
V‘ ° 5’ P’ 1332’ Equipment trust redemption
of bonds of this Issue, and the balance. If any, for construction,
mpts., &c. V. 93, p. 1534: V. 90. p. 487; V. 97. p. 1204; V. 98. p. 523.
EARN IN G S— For twelve months ending Dec. 31:1917: V. 106. p. 598.
The 3-year notes of 1917, $1,000,000 auth., are secured by pledge with
Vcnr—
TCar«fL. Met, after
Other Int., Rents, Dividends balance,
trustee of *1.575,000 First & Ref. Mtge. 6s, due 1961. The proceeds,
lof-r
„ Taxes.
Income. S. F d„ Ac. (12% ).
Surplus.
except *176.000, which were used to retire *176,000 R. & 8 . Gen. M . 6 %
1917— -$.),516,810 $1,151,403 878,084 $359,640 *300;000 $569,837 bonds,
paid Oct. 1 1917, will be used for expenditures for equipment and
betterment work. V. 104, p. 1264, 1388, 1801.
19Spcretarv1Jr
u’ 598,31?r
72'408
942,999
Secretary, Lewis Neilson.—
(V. ,104,
p. 362,427-7r>
1702; 3V. 300,000
106, p. 598,
607.)
Atlantic & North Carolina *325,000 guar, bonds of 1917, see that co.
R A ILW A Y STOCKS A N D BONDS
94
R A IL R O A D C O M P A N IE S
{For abbreviations, & c „ see notes on first paoe]
I Y Sus & West— Midland RR lat M g ext ’ 10-Co.xc*'
Paterson E xtenRR 1st Mext In 1910 at 5% a f g.xq_.
Seoond M ($1,000,000 gold) 3d M on 72 m-Ce.zc*
General mortgage for $3,000,000 gold----- Cc.zc*
Terminal first mtge for $2,000,000 gold. — Usx.o* &
Wilkes-B & E’n 1st M ggu p & l (V60.p 481)-Q.ZC
do
do
O due $2
Allied Companies —
Newport^ &*C?ncinna11 B rklgi^See Loulsvllle^*&Nasi
Niagara Junction Ry— First M $030,000 gold.Ba.xo
Horfolk & Portsmouth Belt Line—First mtge --FP :
Ellz Rlv 1st M g g up & Is f red 105sInce’ ll-G P .x q'
Norfolk & Carolina— See Atlantlo Coast Line RR
Norfolk Southern— Stock $16,000,000 authorized----First mortgage...............................................-Mp.xo'
Aberdeen & Asheboro 1st M $164,000 g-MeBa.xo'
Miles Bate
Road Bonds'
3
& San
4
ville
Text
8
4.6
2231
223
75
789
32
61
82
428
200
572
127
1,626
1885
Anton lo
1902
1898
1905
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
j
500
70,000
5
J
& D
Office, 50 Church St. N Y
50
1,600,000
6
A
& O
90 West St, New York
5g
5
4g
F
F
A
& A
& A
<5g O
Bankers Trust Co, N Y
Fidelity Trust Co, Phlla
Girard Trust Co, Phlla
1,000
1.000
500 &c
175,000
250.000
169,000
F
4g
5g A
5g J
5g J
4« g F
F
5g
5g M
5g J
F
4H
5g M
4M g J
10dE 10 000,000
1.655.000
5g
1,000
1891
5g
825,000
1,000
1904
5g
650.000
1.000
1902
5 g
500 &c 12.870.000
1911
5g
137,000
i.ooc
1903
5g
374.000
1,000
1905
5g
164,000
1,000
1910
6g
1917 1,000 &c 1,000.000
5
300,000
1914
4S
1.000.000
1,000
1911
100 120,445.400 S e e t e x t
100 22,992.300 4 in 1917
6g
1,000 7.256.000
1881
6 g
2,000,000
1882
1,000
5.000,000
6 g
1.000
1883
4g
5,000.000
1,000
1889
4g
100 &c 40.400.500
1896
D IV ID E N D S .— In 1911. 2% (quar.): 1912 to Jan. 1914, 2% (Q.-J.).
None since, to Oct. 1916. V. 98, p. 1000, 1072.
E ARN IN G S.— 11 m os..11917..Gross, $4,883,651; net (aft. Sl.161.292
Jan. 1 to Nov. 30.
\1910-.Gross, 4,506,397; rents),
1,254,698
Compare official statement in July 1917. V. 105, p. 819.
R E PO RT.— For year ending Dec. 31 1916 In V . 104, p. 2337,2355, 2445.
1916.
1915.
1916.
1915.
Gross earn s..$4,939,172 $4,135,347 Total net In c .$ l,882,101 $1,284,907
Net, aft. taxes
1,503,242 977,364 Int., rents, &c. 1,376,590 1,278,488
$6,420
Other income.
378,859 307,543 Surplus........... $505,511
O F F IC E R S — Chairman, Marsden J. Perry; Pres., Joseph H. Young;
Norfolk; V .-P ., Richard H.Swartwout,44 Pine S t..N . Y .; Sec., Morris S.
Hawkins, Norfolk; Asst. Sec., James T . Avery. 37 Wall St.. N . Y .; rreas.,
Matthais Manly, Norfolk; General Counsel, Joline, Larkin & Rathbone
Gen. office, Norfolk, Va. N. Y . office, 37 Wall St.— (V. 105, p. 716, 819,
V. 106, p. 607.)
passenger station at
NORFOLK TERMINAL RY.— Owns a union
ui
-n e 1 1912, used by the Vir
Norfolk, Va., with approaches, opened June
ginian
western my.
nuu Norfolk
Southern R R ., which
glnlan ±
Rty
y.,„ iNorioiK
Norfolk «& Western
Ry. and
Nor
own the entire stock and undertake to meet all expenses, oharges and
Interest and principal of bonds. Bonds authorized March 20 1911, $2,
000,000, guaranteed, prln. and int., by the three lessor companies of
which $1,000,000 have been sold. Redeemable at 105 after Nov. 11925.
V. 92, p. 660, 1109; V. 93, p. 667, 1191. Pres., J. H. Young;l V .-P ., N . D .
Maher; Sec., Francis W . Russoll, and Treas., M . Manly, all o f Norfolk, Va.
— (V. 93, p. 667, 1191; V. 94, p. 1696.)
NORFOLK & WESTERN RY.— (See M a p .)— System extends from Nor
folk, Va., westward to Columbus and Cincinnati, O., and northward to
Hagerstown, Md., with branches to the various coal fields In Va. and w . v a .
M iles.
Road Owned—
M iles.
Norfolk, Va., to Columbus, O ...7 0 4 Roanoke to Winston------------ 119
Sundry
branches----------------537
Radford, Va., to Bristol. T en n ..l0 6
4
Roanoke, Va., to Hagerstown..237 Columbus terminal-------------Graham to Norton--------------------- 100 T rackage------------------------------- ---- 14
No. Caro. Junction to Fries------- 44
Total operated Jan. 1917--- 2,085
Lynohburg to Durham, N. C------115
Portsmouth Junction to Cincin
nati and Ivorydale____________106 Double traok_________ _____ 648
ORGANIZATION.— Successor In 1896 of Norfolk & WesternR R ., &o.,
foreclosed per plan In V. 62, p. 641. In March 1910 Penn. R R . and sub
sidiary companies, it is understood, owned about 51% of the stock, the
feoldings sold In 1906 ($16,000,000) having been re-purchased In 1909 and
also additional amounts acquired. As of Dec. 31 1916 the Penn Oo. owned
*5,000.000 pref. and $3,190,500 com. stock. V . 83. p. 502; V. 88, p. 1062;
V. 98. p. 763; V. 95, p. 361, 688. In 1916 purchased remaining stock of
79-miie VIrginla-Carolina Ry. V. 103, p. 321. Boat lines, V. 105, p. 73.
As to Winston-Salem Southbound R R ., see that company.
STOCK.— Provisions of pref. stock were in the Issue of April 1897,p. 4.
DIVS—
I ’04. ’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12-’ 15 ’ 16 1917
C om m on._% \ 3 3 « 4H
6 4 4 )i
6 5H 6 y ’ly. 7'A Text
In June 1916 dividend was Increased to 1 H % quarterly and an extra of
1% was paid. 1917, M ar., 1?*% and 1% extra; June, Sept, and Dec.,
1 k % - 1918. M ar., 1 H % BONDS.— The First Consolidated mtge. of 1896 Is limited to $62,500,000;
the balance unissued being reserved to retire the underlying bonds. V. 7o,
p . 502; V. 74, p. 151; V. 75. p. 505; V . 77, p 1785: V. 78. p. 229. They are
a 1st M. on about 890 miles of railroad, upon Important terminals at Norfolk
and Lamberts Point, upon the Ohio River Bridge and the Roanoke Machine
Works; also a consol. M. upon 736 miles subject to the undisturbed liens.
They also cover equipment. See abstract. V. 64, p. 376; V. 72, p. 137.
438, 532. 723, 1080; V. 75, p. 505; V. 79, p. 213; V. 81. P- 212.
The N. & W.-Pocahontas Joint bonds are secured by about 290,000 acres
of coal lands owned and held by the Pooahontas Coal & Coke Co., whose
stock Is owned, of which about 50,000 acres have been leased to companies
whose stock Is all owned by the U. S. Steel Corp. and 39,797 to other con
cerns. the royalties under suoh leases alone being shortly oxpeoted to be surflolent to almost meet the fixed oharges. They are subject^to call at l05
between the two companies the debt Is to be paid by the latter company
Divisional 1st lien and gen. mtge. 4s of 1904 ($35,000,000) authorized for
future capital requirements are a 1st lien on extensions and branches not
covered by the 1st consol, mtge. aggregating 227 miles, and upon such ex
tensions and branches as may be acquired from the prooeeds of tno new
bonds and also a Hen subject thereto upon the properties covered thereby.
V. 78, p. 1549: V. 79, p. 501, 628, 973, 1642, 1704, 2148; V. 80, p. 1175;
V. 82, p. 510; V. 83. p. 1471; V. 88, p. 231. 453.
The Oonv.48 o f 1907, o f which $25,569,000 were Issued 1907-10 (V . 83,
Z/o.UUU douus uau uwu uuuvoiucu. »•oo, y a*x^
V . 86, p. 109, 286; V. 90. p. 772,1425; V. 93. p. 1324.1534; V. 104, P-1592.
Convertible bonds of 1912 are convertible into common stock, $ for $,
prior to Sent. 1 1922, and thereafter subject to call at 105 and Int. T o
Feb. 1 1918, $12,907,000 converted. In treasury, $269,000. Y. 94, p. 208,
convertible bonds o f 1913 are convertible into com
mon stock, $ for $, prior to Sept. 1 1923, and thereafter sub. to call at 105
tmd int. Converted to Fob. 1 1918, $16,262,000; in treasury $1,213,000.
V. 96, p. 360, 653. 948; V. 97, p. 666. Equipment trusts #f 1914, V. 98,
p. 1000, 1072.
GEN ERAL FINANCES.— Of the traffic In 1916 66.08% (30,676,505
tond) was coal; average rate per ton perm ., 0.425 cts.; train-load, 1,018 tons.
Rate
%
Reading Terminal, Phlla
Office, 50 Church Street
do
do
do
do
do
do
do
do
do
do
do
do
Commercial Tr Co. Phlla
Phlla Tr S D & Ins Oo
Phlla Trust Co, Phlla
$1,000 $1,500,000
1905
500 &o 3,488.500
1880
200,000
1.000
1881
1,000 3.745,000
1887
447,000
1.000
1887
1.000 2,552,000
1890
1893 1.000 &c 2,000,000
1,000 3.000.000
65 1892
280.00 0
1,000
1911
2 3 1.000
1,000
1913
468.000
1,000
1916
9.38
72
I
127
127
127*
Norfolk TerininalNew River Division first mortgage g o ld --.F P .xc
Improvement & extension mortgage gold.FP.xo1
Soloto Valley & New Eng 1st M assum gold-Ce.zc'
Amount
Outstanding
Par
Value
[ V o l . 106.
&
&
&
&
&
&
&
&
&
&
&
A
O
D
J
A
A
N
D
A
N
1 1955
1 1940
s 1 1950
1 1937
1 1937
1 1940
Checks mailed Norf offloe
Metropol Tr Co, N Y
M & N
Guaranty Trust Co, N Y
& J
International Tr Co, Balt
J & J
Central Trust Co, N Y
F & A
Columbia Trust Co, N Y
M & S Moll 1 1943
Columbia Trust Co, N Y
1 1905
J
& D
Mere Tr & S Dep Co,Balt
___
1
1940
J & J
Central Trust C o., N Y
A & O Apr 1 1920
J & J July ’18-Jan
Guaranty Trust Co. N Y
M
& N May 1 1901
Q— M Mar 191918 1H Office, Philadelphia
14— r Fob 19 1918 1% Office, Philadelphia
Bankers Trust Co, N Y
& N May 1 1931
M
do
do
A & O Apr 1 1932
do
do
F & A Feb 1 1934
do
do
M & N Nov 1 1989
do
do
A Aj O Oct 1 1996
J
6 mos. to Dec. 31 1916, V. 104, p . ’1138, 1165. Fiscal yoar now ends
Dec. 31. Preliminary figures for 1917, V. 106, p. 597.
Year end.
Year end. — Years ending June 30—
Dec. 31 ’ 17. Dec. 31 ’ 16.
1916.
1915.
Gross earnings...............$65,910,242 $59,449,982 $57,301,586 $42,987,044
Operating expenses____ 41,161,503 33,508,732 32,181,346 27,831,815
cess profits taxes)____
5,095,000
2,480,000
2,065,000
1,878,000
Net earnings _______ $19,653,739 $23,461,249 $23,058,240 $13,277,228
FIir e o f equipment11 —
(1,397,313
1,011,978
1,100.804
Divs. & int. received
3,292,142
811,592
676,842
l o o ’niq
Other rents, &c., rec d__
l 492,400
437,758
192,019
Gross income.............$22,945,881 $26,162,555 $25,184,818 $15,320,462
Bond interest_________ [$3,990,744
Other Interest, &c------- /
_____
Pref. dividends (4 % )—
919,672
Common dividends----- 9,601,973
___________
Per cent on com. divs8%
Balance, surplus.........$8,424,492 $11,786,218 $11,391,423 $3,013,612
OFFICERS.— Chairman, L. E. Johnson: Pres., N . D . Maher; V.-P.
(Finances), Wm. G. MacDowell; V.-P. (Traffic), T . S. Davant; V.-P.
(Operation), A. C. Needles; Sec., E. H. Alden; Treas., Jos. B. Lacy.
Phlla. office. Commercial Trust Bldg.
Directors.— Victor Morawetz, Now York: L. E. Johnson. N . D. Maher
and David W. Fllckwlr, Roanoke, Va.; W. G. Macdowell Joseph I. Doran.
John P. Green and W. W Atterbury, Phlla.; Joseph Wood, llenry O. Frick.
Pittsburgh; M . C. Kennedy, Chambersburg, Pa.— (V. 105, p. 73. 2543;
V. 106, p. 190. 499. 597.)
NORRISTOW N & MAIN LINE CONNECTING R R .— Owns double
track road. 64 miles long. Incl. bridge over Schuylkill River at Norristown,
Pa. Leased to Phlla. & Reading Ry. Jan. 1 1904 for 999 years at 4% on
stock and int. on bonds. Reading Co. owns the $60,000 stock and guaran
tees the bonds.— (V. 75, p. 1148.)
N O R T H CAROLINA R R .— Owns from Goldsboro to Charlotte, N . O .,
222.44 m .; Caroloigh Jet.|n . O ., to Oarololgh Mills, 1.90 m.; total. 224.34
miles. Leased from Jan. 1 1896 to the Southern Ry. for 99 years at $266.
000 (6)4% on stock) per year till Deo. 31 1901 and $286,000 (equal to 7%
onstook) balance of lease; also taxes. V . 63, p. 361. State of North Caro
lina holds $3,000,000 stock,— (V. 66, p. 665; V. 89, p. 163.)
NORTH GEORGIA MINERAL R Y .— Projected in 1917; see Louisville
& Nashville, V. 105, p. 1523.
NORTH PENNSYLVANIA RR.— Owns from Philadelphia, P a „ to Beth
lehem, Pa., 56.56 m.; DclawareRlver branoh, 20.68 m.jDoylestown branch;
10.09 m.; total first track, 87.23 m.; total track, lncl. 2d. 3d and 4th track
and sidings, 261.61 m. teased for 990 years from May. 1 1879 to Phlla.
Cap. stock, $400,000. of which $318,950 owned by Reading Co.; par $60.
NORTHERN ALABAMA R Y — Sheffield to Parrish, Ala., and branches,
112.50 miles? In April 1899 a majority of stook and bonds purohased by
the Southern Rv
V. 68. P. 824, 873. See also V. 69. p. 391.
1 Stook Is $2,000,000. Under supp. mtge. of 1898 $400,000 of the out
standing $1,760,000 1st 5s were made prior lions. V. 67. D. 1208. In y e a i
ending Juno 30 1917. gross, $792,047; net. after taxes, $300,436; other in
come. $53,185; bond Int., $82,500; rentals, &c.. $163,338; bal., sur., $107,
783, against deficit of $79,656 in year 1915-16.— (V. 69, p. 28.)
Conoord & Claremont rut., /r m.; i-eturuorougu 00 a u|5“ “ luusu *” •••
Lease to Boston & Lowell for 99 years from Jan. 1 1890 was assigned to
Bos. & Me.; rental was 5% on stook till July 1 1897. and now 6 % , payable In
gold. Until July 1897 1% extra was paid regularly from contingent fund.
Also In 1894. Jan., 5% extra was paid; In 1896, July 2% extra, in 97, 5%
extra; In July 1904, H% extra. In April 1911 Bos. & Me. received authority
topurohase stook. V, 92, p. il0 8 .— (V. 65, P. 463: V. 78, p. 2385.)
NORTHERN CENTRAL R Y — Owns B altim ore, M d .. to Sunbury, P a.,
136 miles, all double track: branch, 8 miles; total, 144 miles. Leases of
Shamokin Valley & Pottsvllle R R . and Elmira St Williamsport R R . wera
aS^rhes<tockholders’ on ^ ov ? 2 1910 voted to lease road to Pennsylvania R R .
for 999 years from Jan. 1 1911, tho holders of the $19.342,o56 stock to
receive a stock dlv. of 40%; also 10% In cash from treasury assets and a
guaranty of 8% on all the stock during the lease. V. 91, p. 154. 337. 464.
871, 1026. The lease went into effect In July 1914. V . 99, p. 343, 49, V.
91 d 1768- V. 92. P- 527, 1109, 1179, 1243, 1566; V. 93, p. 45. 286; V. 96.
p. 5?2; V. 102. p. £342. State of M d. 1st hi. of 1855. V. 102, p. 1060,1256
SECURITIES OWNED.— On Jan. 1 1917 among the assets held wera
Elmira A Lake Ont stock (all), $1,500,000; Sham. Val & P ottsv stock.
$619',650: Union RR. stock, $1,225,000 (the bal. °* *875.000 being held by
Phlla Balt. & Wash.), &c. Also Southorn Pacific C o., $1,848,700 (ex
changed In July 1913 for Balt. & Ohio stock.
STO C K __Penn R R . on Jan. 1 1917 owned $14,808,050 of $27,077,200
outstanding stock. The auth. issue was Increased In Nov. 1910 from
$20,000,000 to $27,079,600 A 40% sto<dc div. ($7,737,000) being paid
Aug. 5 1914 under lease; see above. V. 91, p. 1030, V. 98, p. 1095, V. uu,
p. 271. 538.
R A IL W A Y STOCKS A N D BONDS
Fe b ., 1918.]
Feb., 1918.]
R A ILW A Y STOCKS A N D BONDS
97
98
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[Vol. 106
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
N orfolk & W estern (Concluded)—
Dlv 1st Ilea A gen M (text) g red 105 begin 1929-Gx 1,875 1904 $l,000&c $23,000,000
4 g J A J July 1 1944
Pocah joint M $20,000,000 g call 105 s f.a p .x o * A r
1901
1.00C 17,030,000
4 g J A D Doc 1 1941
Col Con & Term 1st M gold gu (end) a s s ____Mp.xc*
1892
50C
600.000
5 g J A .1 Jan 1 1922
Convertible bonds $34,000,000 gold red te x t___ Qx
1907 1,000 Ac
291,000
4 g J A n June l 1932
do
do
13,300.000 gold red G xc*Ar*
1912 1,000 Ac
124,000
4 g M A s Sept 1 1932
do
do
s e e text gold r a d ____ G.xc*&r*
_
1913 1.000&C
878,000
4)4 g M & s Sept 1 1938
Wlnston-Sal So’b’d lstM$5,000,000 g gu Us.xo’ Ar*
89 1910
1.00C 5.000,000
J A j July 1 1960
4g
Equip trSerles or 1914 g gu $500,000 s a ___ yc*
1.00C 6,500.000
1914
4)4 g F & A Aug '18—Aug’24
Norristown & Main L Con— 1st M g gu (end.)
GP.kv
1.00C
1902
250,000
4 £ M A S Sept 1 1952
North Carolina— Stock 7% paid from rental_______
10C 4,000,000
F A A Fob 1 '18 3)4%
7
North Penn—Stock 8% gu 990 yrs $6,000,000 auth._
5C 5,523,050
Q— F Feb 25 T8 2%
8
Old second M (now 1st) (7s extended in 1896)--kvo
500 &c 1,500,000
1866
4
M A N May 1 1936
General mortgage extend. In gold In 1903-FP.kvcAr
1873
4,500.000
3.3g J A .1 Jan l 1953
Funding loan bonds $409,000 gold____________ kv
1898
408,000
4 g M A N Nov 11928
North East Penn— 1st M gold g u P & R __ GuP.kvc*
25.6 1890
1,000
400,000
5 g A A O Apr 1 1920
N orth & S outh C arolina— See Seaboard Air Line
Northern Alabama— 1st M($350,000 prior Hen) Col xo
112 1896
1,000 1,650,000
5
J A J July 1 1928
Northern (N H)— Stock 6% rental...............................
83 —
100 3,068,400 6 In 1917 Q— J Apr 1 1918 1)4
Northern California Ry— See Southern Paclflo R R —
Northern Central— Stock ($27,079,600 auth) (see text)
50 27,077,200 8 in 1917 J A J Jan 15 1918 4%
First mortgage State of Maryland loan (V 74,p 1197)
1855
1,500.000
6
Q -J 27 Irredeemable
Consol general mortgage of 1874 gold Series E -.-x o
1,000 1 757,000
1885
4)4 g A A o Apr l 1925
Second gen M Ser “ A ” & “ B” (A $2,565,000) ..F P x
144 ’76-’82
1,000 3,565 000
,r a J Jan 1 1926
5
Nor New Brunsw & Seab— 1st M g gu $390,000 auth.
16.9 1910
500
297,000
4 g J A J Jan 1 1940
Northern of New Jersey— Stock guar (see V 69. p 81)
___
100 1.000,000
Q— 11 Mar 1918 1%
4
IstM ext at 4H % till July 1 1927 see text_______ c
21
1887
100 Ac
654.000
J A J July 1 1927
4)4
Gen mtge $1,000,000 g lnt guar by lease__ Usm.xo*
___ 1900
1,000
154,000
4)4 g J A J Jan 1 2000
Northern Ohio— 1st M g ($15,000 p m) gu p & l.Ce.xc*
162 1895
1,000 2,500,000
5 g A A o Oct 1 1945
Northern Pacific Ry— Stock $250,000,000 authorized
__
100 248.000.000 7 In 1917 Q— F Feb 1 1918 1H
St Paul A N Pgen M land grant assumed.Ce.xo’ Ar
182 1883
1,000 4,533.000 J 6 g
F A A Feb l 1923
do
do
registered ______________ x
182 1883
1,000 3,235,000 1 6 g
Q— F Feb 1. 1923
Wash A Columbia River 1st M gold assumed.F.xo*
163 1895
1,000 b2,620,000
4 g J A J July 1 1935
Mortgages of Northern Paclflo Railway—
Prior lien JJ $129,537,000 gold land gr.B a.x c'A r See z
1896
500 Ac 112,568,500
Q— J Jan 1 1997
4g
General lien i f $190,000,000 gold land gr.F.xc* Ar See z
1896
500 Ac a60,000,000
3 g
Q— F Jan 1 2047
St Paul-Duluth Dlv pur money M $20,000,000 G .xc'
226 1900
1,000 8,080,000
4 g J A D Deo 1 1996
p Berlin at 4.20 marks per dollar, z 5 .130 miles, in cludln g 40 m lies not o perated; sp urs, 261 miles
Of which In treasury Dec 31 1916; (additional) a $5,39 8.500. b 2.480, 000.
DIVS.— ’88. ’89. ’90. ’91. *92. ’93. ’94-’00. ’01-’ l4.Slnce under Lease.
P ercent7
8
8
7
8
8 7 yrly. 8 yrly.*
8 yearly.
* Also Jan. 1907, 12>*% paid In stock ($2,149,169). V. 83, p. 471.
Also 10% extra In cash and 40% !n stock under lease In Aug. 1914 and 28%
extra In cash representing 8% on 40% stock dividend for 2)4 years from
Jan. 1 1911 to July 1 1914, during which lease was held up. V. 99. p. 343.
R EPO RT.— For 1916: Income (rental from loase of road), $2,529,821;
lnt., &c., charges, $361,644; dividends (8 % ), $2,166,172; surplus, $2,005.—
(V. 102, p. 609, 1060, 1250, 2342; V. 105. p. 1523.)
_ NORTHERN NEW BRUNSWICK & SEABOARD R Y .— Iron mines of
Canada Iron Foundries, Ltd., near Bathurst, New Brunswick, to Nipisiquit Junction, on Intercolonial, 16.9 miles. Not operating In 1916, but lnt.
paid to Jan. 1 1917. Bonds auth., $390,000, at $15,000 per mile, guar, by
Province of New Brunswick and Canada Iron Corp.— (V. 90, p. 1491.)
NORTHERN RR. OF NEW JERSEY.— Owns from Croxton, N. J., to
Sparklll, N. Y., 21 m.; leases Sparklll to Nyaok, 5 m. Leased to the Eric
RR. from June 1 1899 for the term of Its corporate existence, for Interest
on bonds, 4% on $1,000,000 stock, payable quarterly, taxes, and all cor
porate expenses. In June 1917 the company offered holders of the $650,000
1st M . 6% bonds o f 1887, maturing July 1 1917, to extend the bonds until
July 1 1927, with 4 )4 % lnt., and to pay to bondholders accepting such ex
tension $75 per $1,000 bond. Bonds not assenting to this wilfbe purchased
at par and lnt. by J. P. Morgan & Co. V. 104, p. 2553.— (V. 104, p. 2553.)
NORTHERN RY. COSTA RICA.— See V 71, p. 1067, V . 100,p.643.
NORTHERN OHIO RAILW AY.— (See Map Lake Erie & Western.)—
Owns Akron to Dclphos, O., 162 miles. Leased for 999 years to L. E. A W ..
which guarantees bonds (V. 62, p. 826) and owns the $3,580,000 common
•dock. Prof, non-cum. 5% stock, $650,000; par, $100. Mortgage auth.,
$4,000,000; issued, $2,500,000, and $1,500,000 reserved for extensions at
$15,000 per mile.— (V. 66, p. 337.)
NORTHERN PACIFIC RAILW AY.— (See Maps.)— Operates one of the
leading lines to the Paclflo, having its eastern terminal at St. Paul, Minn.,
and Duluth, Minn, (the head of Lake navigation), and running thence west
erly, traversing the great wheat belt of Minnesota and North Dakota, the
mining district of Montana and the farming country of Washington to
Tacoma and Seattle and to Portland, Ore., with branches.
Main Line—
Miles.
Leased to Others—
Miles.
Ashland, Wls., to Portland,
To other companies__________ 112
Ore. (Incl. 5 m. terminals) -.2,171 To Province of Manitoba______ 289
Bralnerd and Staples to St
Not operated_________________
24
P a u l..................................... 180
Other lines................
531
Tot.(incl.l87 m. trackage)&c.6,959
Controlled Properties—
Total main line____________ 2,882 Minn. & Intern. (V. 77, p. 451) 179
Various branches_____________ 3,652 Other companies-.....................
34
Bankers Trust Co. N Y
do
do
Metropolitan Tr Co, N Y
Bankers Trust Co, N Y
do
do
do
do
United States Tr Co, N Y
Commercial Tr Co, Phlla
Reading Terminal, Phil a
Burlington, N C
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Of thegen.lien bonds, $130,000,000 wero reserved to retire the prior Hen4s’
The St. Paul & Duluth Division mortgage secures $20,000,000 purchase
money bonds on the former St. Paul & Duluth, of which $9,215,000 were
Issued to acquire the road, $5,283,000 wero reserved to retire existing St. P.
A D. bonds and the balance for Improvements to the property. V. 70, p.
1250; V. 71, p. 1167. The lands Included In the grant of the former St. Paul
& Duluth are being sold and proceeds applied to purchase of the bonds at
not over 105 and int., or. If not purchasable at that price, thon to better
ments, Improvements or additions to the mortgaged premises or equipment
therefor.
To Dec 31. 1916 $2,339,000 had boon thus purchased and can
celed. In Sept. 1917 $1,000,000 St. P. & D. 2d M . 5s duo Oct. 1 were paid
off in cash. V. 71, p. 1167; V. 72, p. 339.
LAND GRANT.— The land grant was 12,800 acres to the mile In the
States of Minnesota and Oregon and 25,600 acres per mllo In the (then)
Intermediate territories. Unsold on Doc. 31 1916, 5,864,007 acres, viz.;
M inn., N o. Dak. & Wise.*.
19.897 I Idaho____________________ 349.580
W yom ing________________
61,058 Washington-----------------------1,633,530
Montana-------------------------- 3,581,138 \Oregon ...............................
187,031
Sales for 6 mos. to Dec. 31 1916, 741,863 acros for $3,789,541.
FINANCES.— In 1904 Nor. Pac. and Gt. Northern had acquired $107,
612,600 of the $110,839,100 stock of Chlo. Burl. A Quincy RR. In exchange
for their Joint 20-year 4% gold bonds secured by the deposit of the stock In
trust, on the basis of $200 In bonds for each $100 stock. Sec circular.
V. 72. n. 871. 1034, 1135; V. 73, p. 294. 810: V. 85, p. 601. In July 1914
sold $20,000,000 Ref. and Impt. 4)4% bonds.
EARNINGS.— 11 mos.,(1 917 ..Gross, $80,856,076; not(aft. $28,716,861
Jan. 1 to Nov. 30.
\1916-.Gross, 73,255,726; rents), 30,585,312
REPO RT.—Year now ends Dec. 31. Report year 1915-16 in V. 103. '
p. 1405, 1588; 6 mos. to Dec. 31 1916 in V. 104, p. 1381.
— 6 Mos. end. Dec. 31-------- Years ending Dec. 31—
1916.
1915.
1916.
1915.
Operating revenues____ $43,742,766 $39,400,653 $80,281,343 $66,992,429
Net, after taxes------------$18,572,802 $17,533,810 $31,532,181 $26,543,273
Hire of equipment..........
$187,582
$221,413
$532,839
$767,352
Other rents------- -------1,205.943
1,176,244
2,696,478
2.539,776
Dividend income............ 2,172,926
2,173,871
4,345,152
6,200,152
Inc.from secs.,acc’ts,&c.
493,743
255.179
1,097.638
797,252
Gross income................ $22,632,998 $21,360,518 $40,204,288 $36,847,805
Hire of equipment..........
$102,101
$65,833
$119,172
$126,576
Rents, &c........................
395,518
369,101
816,198
741,409
Interost on debt.............. 6,155,154
6,163,499 12,320.907 12.331.669
Dividends (7% p. a . ) . . . 8,680,000
8,680,000 17,360,000 17,360,000
Balance, surplus.............S7,300,222 $6,082,085 $9,588,010 $6,288,150
DIREOTORS.— Julo M . Hannaford (Pros.), Arthur Ourtiss Jamos,
Howard Elliott (Chairman of executive committee), George F. Bakor,
William Sloane, J. P. Morgan, Lewis Cass Ledyard, Charlos Steelo, James
N. Hill, Amos Tuck French, Thomas W. Lamont, Geo. F. Bakor Jr.,
Payne Whitney, Grant B. Schley, Crawford Livingston. E. A. Gay Is
Sec’y. N. Y. office. 34 Nassau St.— (V. 105, p. 389, 1310, 1618, 2273,
2366; V. 106, p. 190, 500.)
Total, lncl. 5 miles trackage
Total system Jan 1 1918____7,172
(operated d lr e c tl)............ 6,514 Second track............................... 714
In 1917 built in Montana, Ilesper to Rapelje, 38 m.; Dixon to Poison,
33 m.
The Manitoba branches, aggregating 354 m., were leased for 999 years
from May 31 1901 to the Provincial Government and sub-let by the latter to
the Canadian Northern Ry. at a rental of $210,000 annually for the first 10
NORTHERN PACIFIC TERMINAL CO. OF OREGON.— Owns terminal*
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
on the Willamette River, Ore., at Portland, East Portland and Albina,
$300,000, with option of purchase any time for $7,000,000. V. 73, p 610
Owns Jointly with Great Northern the stock of Spokane Portland & Se comprising 270 acres land, 40 m track, dock frontage 7.904 feet.
attle R y., extending from Portland to Spokane, Wash., with branches:
LEASE.— Leased for 50 years from Jan. 1 1883 Jointly and severally to
see V. 81. p. 1101; V. 83. p. 1111; V. 86. p 1530. The Sp. Port. A Seattle Northern Paclflo, Oregon Ry. & Navigation and Oregon & California, with
owns majority of the stock o f the Oregon Eloctric and United Rys..of Port guaranteed rental to pay Interest, sinking fund and taxes; leases assumed
land. V. 91, p. 1178. Twin City Belt R y., org. in 1917. See V.104,p.560.
n 1899 by new Nor. Pac. and Oregon RR. A Nav. V. 69, p. 230.
In 1909 arranged for Joint use of Co’s line. Tacoma to Vancouver, Wash.,
STOCK.— Stock ($3,000,000) owned by said three companies (40% by
135 M ., with Gt. Nor. and Un. Pac.; V. 88, p. 1373; V. 93, p. 1030. In Oregon
Ry. A Nav. Co., 40% by Nor. Pac. and 20% by Oregon A Cal.
Jan. ’ 18 began running its own trains into Vancouver, B .O . V. 106, p. 190. R R .), and
held by Central Trust Co. of New York, to be delivered after
In 1912 the Midland Ry. of Manitoba, formed In the Joint Interest of the
oompany and the Great Northern, obtained trackage rights from the Cana payments to the sinking fund, which Is to cancel the bonds.
BONDS.— The first mtge. Is for $5,000,000; in Fob. 1918 $4,323,000 had
dian Northern R y. between Emerson, Man., and Winnipeg, 68 miles, for
20 years, with provision for 999 years. V. 95. p. 298, 1129; V. 97. p. 1038. been Issued, of which $1,501,000 retired by sinking fund drawings at 110
HISTORY.— This Wisconsin company on Sept. 1 1896 succeeded to the and interest.— (V. 105, p. 294; V. 106, p. 500.)
railroads, land grant and other property of the Northern Paclflo R R .,
NORTHERN SECURITIES CO.— In 1904 the capital stock was reduced
foreclosed In July 1896 and reorganized per plan In V. 62, p. 550.
from $395,400,000 to $3,954,000. the par valuo of sharos to remain at $100
The original Northern Paclflo Company was chartered by Congress July 2 pending completion of dissolution. V. 78, p. 1168, 1223,1275, 1392; V. 76.
1864: 450 miles to Bismarck were foreclosed In 1875
p. 811, 919, 1249. Roport for cal. year 1917 was lu V. 105, p. 295.
DIVIDEN DS.— (1905. 1906. 1907. 1908 .1909.
1910 to Fob. 1918
D IVIDEN DS.— On stock as reduced 5% yearly 1906 to 1908; 1909, 4% ,
On common (% )- — ! 7
7
7
7
7
7 yrly. (1 M % Q-F) 1910. 2)4% : 1911, 4% : 1912, 3 % ; 1913 to 1916. incl., yearly Jan. 11. 2 % :
•Also Deo. 1908, 11.26% from surplus of N. W. Impt. Co. V. 87, p. 1238, 1917, Jan., 3)4% : 1918, Jan., 3 )4 % - V. 103, p. 2238.
„ * i? N ??3 .— The Refunding and Improvement Mortgage o f 1914 covers
OFFICERS.— Pres., E. T . Nichols; Sec. & Treas., Nicholas Terhune.
6,271 miles o f road, on 847 o f which It Is a first Hen. It Is an open mortgage Office, 26 Liberty St., N . Y .— (V. 105. p. 295; V. 106, p. 500.)
and not limited to any specified amount, but the bonds at any time out
“
NORTHW ESTERN.” — See Chicago & North Western Ry.
standing are limited to three times the outstanding capital stock, now
amounting to $248,000,000. When the amount o f bonds Issuod thereunder
NORTHWESTERN COAL R Y .— Allouez Bay, Wls., to Allouez Jet.
Wls.,
2.53 miles, with coal wharf covering about 80 acres of laud. V . 7 1
(bearing Interest at rates to be fixed) reaches $500,000,000, further issues
must bo limited to 80% o f the cost or now property placed under the mtge.
. 698. Owned by the Pittsburgh Coal Co., which guarantees the bonds,
Bonds or any series may be made redeemable before maturity or convertible
ee official statement, V. 71, p.698. Capital stock, $100,000. In 1915-16.
at the election o f the holders Into capital stock on terms and dates to be gross,$54; o p .d e f.,$1,698; taxes. $1,675; def..$3,319.— (V. 7 1 ,p.698.)
fixed. Of the bonds, $421,492,500 are reserved to retire, $ for $, prior
NORTHWESTERN PACIFIC RR.— (See Map Atch. Top A 3 . F .)—
,P t*s! / l n.cl u<*lnK Nor. Pac.-Great Nor. Joint bonds,) at or before maturity.
^ I n 1914 $20,000,000 Series A 4)4s were sold, callable as a whole at 110 and Operates a system extending from Point TIburon and Sausallto, Cal.
(whence ferry to San Franolsco, ti)4 miles), northerly to Eureka, with
lnt. on or after July 1 1919. V. 99, p. 120, 271; V. 105, p. 2366.
'r? A bstracts of new prior Hen and general lieu mortgages o f 1898 were In branohes, 507 miles In all. Incorp. Jan. 8 1907 In the Interest of Southern
Pao. and Atch. Top. A San. Fe, which eaoh owns $17,500,000 stock, and
V. 63, p. 1012-1019, 1072; see V. 99. p. 49.
took over by consolidation the Cal & N. W., the San Fran. A Nor. Pao.,
Prior lien 4s purchasable with land sales at not exceeding 110
North Shore R R ., San Fran. A Northwestern, Eureka * Klamath River
(but not subject to call), not over $500,000 cash yearly to
„ be soappHed. Total Issue, $130,000,000; Issued................... $112,568,500 and Fort Bragg & Southeastern. A connecting line of 106 miles built from
Originally reserved, but no longer issuable______________- ____
582,000 Wllllts to Shively. V. 95. p. I l l ; V. 96. p. 1489.
Issued, but purchased and canceled................................... ..........
9,081,500
BONDS.— Cal. N. W. 5s Issued at $25,000 per mile; s. f. $5,000 yearly,
Reserved to retire St. Paul A N. P. b on d s__________________
7.768,000 bonds drawn at 110 and Int. San Fran. & North. Pac. 6s Issued at $25,000
For new construction, betterments, equipment, Ao., not ex>er mile; s. f. $25,000 yearly; bonds drawn at 110 and lnt. (mtge. abstract,
Kiceedlng $1,500,000 per annum_________ _______ _____ _
25.000,000
7. 49. p. 241).
§
F e b ., 1918.]
R A ILW A Y STOCKS A N D BONDS
RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page]
Miles Date
Road Bonds
N orthern Pacific R y.— (.Concluded)—„ . . .
O B & Q coll tr M g (red at 105) H share — S.o**r
do
do
registered................- - - - r.
Ref and Impt M gold ($. £. tr) red text .Q.c*&r* 6,27l
Bonds Underlying St Paul & Duluth Div Mtge.
167
St Paul & Duluth first mortgage assumed —- - - .z c
238
Consol mtge assumed $5,000,000 g old —Mp.zc
30
Northern Pac Term Co— First M gold red 110 - F - * °
Northern Railway (CaN;~See Southern Pacific RR.
Northern Securities— Stock $3,954,000 —
” 8
Northwestern
607
Northwestern
40
Cal Northw
165
San Francisco
lst& Rcf M $35
'76
Northwest
"
do
'7 2
Ocean Shore RR— 1st M *5,000.000-
Debenture certificates
V/lliU tA L.ILV1V ixaiiunua ivj ----------Ohio River— See Baltimore & Ohio
Ohio River & Western— First mtge$600,000g<
Oklahoma Central— Common stock $1,500,000 .
First mortgage $1,200,000 rod par...............
Income bonds $1,500,000----------------------------
Par
Value
1901 1,000&c) bl07613500
1901 1,000&oJ See “ A ”
100 &c 20.000,000
1914
1881
1898
1883
1,000
1,000
1,000
1,000,000
1,000.000
2,822.000
Rate
%
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
When
Payable
J & J July 1 1921
4g
Q— J July 1 1921
4g
4 X 8 J & J July 1 2047
F & A Aug 11931
6
4 g J & D June 1 1968
6 g J & J Jan 1 1933
100 3.954.000 3MJf g 17
2,000
1,000
100 35.000.000
929.000
1,000
1898
II
1889
1.000 3.596.000
1907 1,000 &0 24,140000
360.000 t i V
1914
1,000
6
10,000
1914
1906
1,000 2.167.000
1‘
100 3.000.000
4
1.200.000
1897
1,000
5g
101.000
'2 0 1902
600 &o
nfioct 1917
416.000
62 1914
1,000
!g
450.000
10
100
1893
J. P. Morgan, N Y
do
do
Now York, &c.
J P Morgan & Co, N Y
do
do
Winslow,Lanier* Co.N Y
Jan 10’ 18 3 y2% Checks mailed
Jan.
Farmers* L A T Co, N Y
M & N May 1 1923
A & O Apr
J & J Jan
M & S Mch
A & O Aug
April 1 Apr
J & J July
Q—J Jan
M A S Mch
A A O Apr
j
j
&
&
j
j
San Francisco
1 1928
New York and Frankfort
1 1919
New York
1 1957
Safe Dep & Tr Co. Balto
1 1964
do
do
11919
Jan 1918 coupon not paid
1 1926
1 1918 2% Mech Nat Bk, Worcester
Company’s office, Boston
11927
Watertown (NY) Nat Bk
11932
Chath B & Sav Tr Co.Sav
Jan 1 1934
July 1917 2)4% 253 Drexel Bldg, Phila
9 1903
26 1890
1914
1,000
1,000
1.000
4 g M & S Sept 1 1943
1,927,000
J & J July 1 1926
250.000
175.000 2 4-4*5 J & D June 11920
Penn R R C o. New York
1 Broadway, New York
111 1902
1,000
600,000
i Knn non
1,200,000
1,600,000
M &
S Sept 1 1952
Treasurer’s office, PIttsb
F &
A Aug 1 1934
20 years
Columbia Tr C o, N Y
133
a This Is only one-half the outstanding issue; see Chi cago
—
200 Ac
600 &c
Burlin gton & Q ulncy.
Of the 1st & refund. 4)*s of 1907 ($35,000,000 auth.), $24,140,000 wa
Tnn -o '18 823 970.000 bolus owned by Sou. Pac.; the mtge. re
served $0 676 000 to retire 'a like amount of underlying bond3, $5,000,000
’ Vnri nniiln and $13,324,000 for new construction, Incl. line from
from Wendllng to connection with main lino at
f
000 yearly; bonds drawn at 110. V. 84. p. 221,
gfa'dsburg. s .l a - V 96 D 1773; V. 98, p. 1316. In Feb. 1918 Cal. R R .
nnmmissio’nPsanctionwl the issue o f $1,867,000 additional 4H s on account
nf w
i to S h i v d v I t a e T o f which $1,401,000 have been sold.
T u n i n g s — 11 mos. J 1917-G r o s s , $4,465,379; net (after $1,407,853
EAl n l to N ov. 30. \1916- -Gross, 4.185.877; rents)
1,420,275
rJ vea rs—
Gross.
Net.
Other Inc. Int., &c.
Surplus.
Cal. Years
vruss
j 1.5n . 48O $85,689 $1,445,030 $152,139
1910: : : : : : : : : : : 4 :515:662
1.445,587 139.417
1,437.140
146,874
NORTHWESTERN RR. OF SOUTH CAROLINA.— (See Map Atlantic
Coast Line A —Wilson M11L S. C., via Sumter to Camden, 62 5 miles; branch,
Millard to St Paul, 3.5 m.; Mannvllle to Rose Hill, 9.5 in.; traekago, 5 m.;
total 81 miles. Stock. $100,000. Dividend. 6% , paid yearly Dec. 1900
to 1902’ 1903 to 1905, 6% : 1907 and 1909, 4% ; 1910, 5% ; 1911 and 1912.
« V - 1 9 i4 4 % ’ 1915.5% ; i910, 6% . Of the outstanding $360 000 first
consol mtge. bonds, $285,000 are 4s and $75,000 5s. Yoar 1915-16, gross.
*109 442- net $32,377: other Income, $2,005; Int., rentals, & c., $23,121;
dlv .’ selbOO; bal.. sur.,$5,261. Car trusts outstanding. $15.000.
NORTHWESTERN TERMINAL RY.— Owns terminals covering 36 aores
at
Denver and 102 acres of right of way In that city, and 100 acres of freight
at
terminals at Utah Junction, 3 miles north o f Denver. Leased for 50 years
from Jan. 1 1914 to Denver & Salt Lake R R ., which owns the $3,000,000
ntock rental covering interest on bonds, operating expenses and taxes.
v ° C<i8 n 913
Interest was defaulted Jan. 1 1918 and a bondholders’
mmmittAn Irith Ilcnry II. Wehrhano as Chairman, was formed. The
Bankers TYust Co will act as depositary if deposits are necessary. V. 106,
n 86 Ronds ($3 000,000 auth. issue) see V. 89, p. 994; V. 90. p. 503.
Denver Laramie & N . W. also uses facilities. - ( V . 98, p. 913.)
v
BO, I I oUd luun
--------- -------NORWOOD & ST. LAWRENCE RR.— Norwood to Waddlngton, N. Y ..
20 miles Inol extension, 13 m., opened July 1909. Stock, $100,000; par
of shares, $100. Bonds are subject to callLat 110 since April 1 1912. V . 95.
int .
W eekos.______
OCFAN SHORE RR.. CALIFORNIA.— Owns partly constructed road,
double-track to extend from San Franoisoo. Cal., to Santa Cruz. 80 miles,
of whloh 38 miles south from San Francisco and 15 H north from Santa Cruz
taoomDletcd leaving gap of 20)4 miles. Incorporated Oot. 9 1911 as suoce^M o fl liil w a y O o . foreclosed Jan. 17 19 ll. .S to ck , $5,000,000, of
which $3,809,950^outstanding Oct .1917, given
b o n d h o ^ rs of old comxfi'onn nhn h'nnds ' V 97. P> 1595; V. 98, p. 236, 611; V. 99, p. 748.
Earnings0 for cal?‘ year 19i 6 were: Gross, $161,235; oper. def., $43,837;
other income $1,281; deductions, $25,204; bal., dcr.. $67,760. Pres..
F. W. B radley V.-P. A Gen. M gr.. John G. Sutton; Sec. A Treas., J. W.
Crasby. Office?52 ilth St., San Francisco, Cal.— (V. 105, p. 2094.)
110.4 m.;
O c V l P a ' t ^ I t l f f l ® mR ‘ L ^
O ‘, 1 to R w in ^ Um.
eP l^Pro$265,000.
O f the
OcUla and’^ltzgetolcfjGa-10
452; not, $2,038; 1914-15, gross, $93,491, not, $18,018. Pros., J. A. J.
Henderson; V i-P .-S e c./F . W . <5lark; Treas.. J. H. Calais.— (V. 101. p.
1553; V. 102, p. 1347.)
OdDEN AtINE RR.— Owns Nolan’s Point (Lake Hopatcong) to Sparta
(or Ogden Mine), N. J.. 10 miles, leased for 999 years from Jan. 1 1882
to Central R R . of N. J. for 5% per ann. on stock and $500 yrly. for org. exp.
OHIO CONNECTING RY.— Owns bridge over Ohio River near Pitts
burgh, Pa., and approaches, 9.07 miles. Leased from Oct. 20 1890 for no
definite time to Pitts. Clnoln. Chic. & St. Louis R y.; rental, net earnings.
Stock Increased In Deo. 1902 from $1,000,000 to $2,000,000. In $50 shares.
Bonds arc guaranteed as to principal and Interest by endorsement by Penn
sylvania Company, whloh on Jan. 1 1917 2
®n.t'r,e. stook. !■orm of
guaranty, V. 81, p. 669. DIvs. In 1906. 5% , 1907 to 1914, 7% ; 1915, 5%
1910, 5% . For cal. year 1916. gross, $409,561; net. $206,693; other In
come. $42,427: charged. $111,095; divs. (5 % ). $100,000; bal.. sur., $38,020.
— (V. 82. p. 7r52.)
OHIO & KENTUCKY RY.— Owns from Lex. & East. R y. at Jackson,
K y ., to Oonnoi City, Ky. Receiver wasi dischargedrin 1916. V. 103, p.
2238. Common stock, $200,000; prof, stock. $100,000. 1st M . bonds are
guaranteed by Kentucky Block Oannol Coal Co. Year ending June 30
1916, gross, $87,081; net, $17,577; Int., taxos, A c.. $29,063; bal., def.,
$11,487. l^ros., t,. P. Yandell, 1 Broadway, New York.— (V. l63, p. 2238.)
OHIO RIVER & WESTERN R Y -/7;0 ^\" Be,i alre
Zanesville, O.,
I l l miles, trackage 1 mile. Total, 112L
Pennsylvania, Co. owns
$652,600 o f the $653,900 capital stock outstanding, also all tho bonds. In
1916. gross, $229,505; deficit, $16,074; other ilncome, $17,404; charges
$32,530; bal., deficit, $31,200.
OKLAHOMA CENTRAL RR.— Owns Lehigh, Okla., to Chlokasha, 133.02
miles. Successor Aug. 1 1914 o f Railway o f samo name foreclosed July 31
1914, per plan V. 98. p. 1845.
.
,
...
The Atchison Topeka A Santa Fe has leased the road for five years
from Aug. 1 1914 with privilege o f renewal for another five years, the
lessee to pay raalnt.. taxes, A c.. and $60,000 yearly the first 3 years
$77,500 the 4th and 5th year and $100,000 per year if lease Is renewed.
Tho committee has granted an option to the lessee to purchase all o f theiu
Amount
Outstanding
99
4g
b Addlti onal $1,2 71,000 held In tr easury Dec. 31 1916
come bonds and stock of the new company (a) during the f ’rst 3 years c f
the lease for $800,000; (b) during the 4th and 5th years for *875.000. and
(c) if lease is renewed, during the next 5 years for $950,000. As the rental
to be paid during the first 3 years will cover only interest on the 1st M ., no
interest can be paid on tho Income bonds; after 3 years, the excess rental
can be applied toward the income int. V. 99. p. 408; V. 101. p. 846.
OI I) COLONY RR. (.MASS.)— Owns road from Boston to Provlncetown.
Mass , Newport, R . I., &o.. 533 miles; leases 101 miles
In June 1907 a
bill was passed permitting purchase of Boston & Providence (leased line).
LEASE.— In 1893 leased to New York New Haven & Hartford for 99
years. Of the stock, $9,813,200 was on June 30 1915 held by the lessee.
The lease provides for dividends of 7% per annum on stock not exchanged.
V. 76. p. 247. 374; V. 93. p. 1726, 1789; V. 94. p. 68.— (V. 103, p. 1211.)
OREGON & CALIFORNIA RR.— (See Map Southern P«w.)— Portland.
Ore., to California State line, 367 m.; Albany Jet to Lebanon. 11 m. Port
land to Corvallis, 101 m.; Lebanon to Woodburn. 49 m.: Portland. Ore., to
Airleo, Ore., 74 m.; Mohawk Jet. to Wendllng, 10 m.; Salem to Geer, 7 m.j
Springfield Jet. to Tallman, and branches, 54 m.; leasee, 11 m.; lines owned
by Southern Pacific Co. (V .103. p. 1217) operated as part of Or^ & Cal..
Coos Bay Roseburg & Eastern RR. * Navigation C o.. 27-J 7 mlles. I aclfic
Railway & Navigation C o.. 91.16 m.; Salem Falls City & Western R y. C o..
28.17 m.; Corvallis A Eastern RR.
“ 4 P o r t la n d ^ ? e.n . f 5
Eastern R y. C o., 107.76 m.; Willamette Pacific R R . C o.. 73.39 m.; total.
468.83 m.; Willamette Pacific R R . not operated, 67.02 m. bal., 401.81 m .
LEASE, &o.— Leased to Southern Paolflo Co. for 34 years from Aug. 1
1893, the lessee guaranteeing Int. 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. South. Pao. owns all but $47,000 of
the $19,000,000 stock. $12,000,000 of which Is 7% pref. V. 72, P. 287, Due
So. Pac. June 30 1916. $5,094,008. The U. S. Supreme Court on Dec. 9
1915, In tho Govt, suit Involving 2,300,000 acres in Western Oregon, per
manently enjoined the sale of lands except to actual settlers In quantities
not greater than 160 acres and at over $2 50 per acre. V. 104, p. 1703;
V. 102. p. 67, 154. 1061. and (So. Pac.), 1347.
BONDS.— Land grant acreage unsold June 30 1916, 2,353,446, part be
ing covered by the mtge,, proceeds of land sales going to redeem bonds
(subject to call at par). The Southern Paolflo guaranty of principal and
Interest Is printed on each of the 5% bonds. See V. 63, p. 754.
EARNINGS.—Year ending June 30 1916. gross. $8,934,753*. net.
$1,368,250; other Income, $202,015; Interest, A c.. $1,916,516. baL. def..
$364.995.— (V. 102. p. 67, 154; V. 103, p. 1211; V . 104, p. 1703.)
OREGON P A C I F I C & EASTERN R Y .— Cottage Grove to DIsston.
20 in?: branches.4 m.* Successor Jan. 1914 to Oregon & Southeastern R R ..
foreclosed V. 90 p. 1297. In Oct. 1917 J. H. Chambers of Cottage Grove,
O re.,<\ras reported to have purchased control. V. 105. p. 1618. Stock
auth., $700,000 com. and $300,000 pref.; outstanding, $200,250 common,
par, $10. Bonds, Union Trust C o., San Francisco, trustee. See table
a For yoar ending June 30 1916, gross, $35,899: net, after taxes. $10,822;
in t.; & c .r $5,389; improvements. &c.. $10,278; bal., def., $4,899. Pres..
G B Henger Monadnock Block, Chicago; Sec., J. B. Protzman; Treas.,
A." B W o o l Cortage Grove, O r e .-(V . 98. p. 237; V. 105, p. 1618.)
OREGON SHORT LINE RR.— (See Map Union Pacific.)— Granger. W yo.
to Huntington. Ore.. 542 miles; branch to Ketchum, Ida., 70 m,; Ogden to
MoCammon, Ida., I l l m.; Pocatello to Silver Bow, Mont., 2o6 m.; Caohe
Jet., Ida., to Preston. Utah., 51 m.; Ogden, Utah, to Sandy, 49 m.; sundry
branches, &c., 1,008 m.; Butte to Garrison, M ont.. 67 m ., owned, but leased
to Nor. Pac., less 48 m. operated by Oregon Short Line under trackage
rights; ieased from Ore.-Wash. R R . & Nav. Go., 173 m.; trackage, 11 m.;
total Feb. 1917, 2,293 miles. In 1917 proposed building 7 lines aggregating
^ O w n fa half Interest In San Pedro L. A. A S. L ., which see below. V . 7 9 i
p. 1705; V. 76. p. 919, 1356; V. 77, p. 38.
HISTORY.— Successor March 16 1897 of the Oregon Short Line & Utah
Northern R y., foreclosed per plan In V. 62, p. 504. 50o. Controlled by Un.
Pao., which holds nearly entire capital stook. See also bonds below. V .8 4 ,
p .52, 572, 932. On Feb. 151916 closed OgdenGateWay t o D .A R .G .R R ,
CAPITAL STOCK.— Stock. $100,000,000. all In the U. P. treasury.
V. 91. p. 871; V. 93. p. 1387. 1609.
BONDS.— First consols. $22,029,000, were reserved to retire old bonds.
Series A lnoomes, non-cumulatlve 5 per cents, have received: In Sept.
1897 4% ; Sept. yrly. since, full 5% . at N .Y . office or Old Col. Tr., Boston.
The Union Pacific owns all but $272,500 of the $7,185,000 original issue
Income A bonds and all but $25,000 of the $14,841,000 B bonds.
The Ref void guar. 4s (collat. trust) of 1904 (authorized Issue,$100,000.000) aresubject t o c i l l a t 102)4 • The bonds, of which $15,000,000 have
boon *8(?ld secured by pledge of $8,700,000 Illinois Central Hit. stock.
$^018,700 Chicago & Nx>rth Western R y. pref. stock, $1,845,000 Chicago
Milwaukee & St. Paul Ry. pref. stock, $27,557,000 San Pedro Los Angeles
& S^lt Lake 4s and $2o/ooTOOO N . Y . O & H R . RR stock. The collatoral may be replaced by other of equal value. See abstract, V . 80, p. 2403;
V 79 D. 2086; V. 80, p. 1913; V. 96. p. 1424.
Of the 1st and consol. M. bonds ($150,000,000 auth. Issue, Interest lim
ited to 5% ). $34,422,000 are reserved to retire underlying bonds and
$36 360 000 Ser. A 4s whloh were Issued for corporate purposes are in the
U P treasury; Ser. A arc subject to call as a whole at 105 beginning Deo.
1015 ’ other series on such terms and at such times as the directors or exeo.
comm? may fix? None sold to Dec. 1916, but $41,487,000 were then
ownod by Union Pacific R R . and $3,587,000 were In the treasury. V. 91.
p. 1612; V. 92. p. 1179.
EARNINGS.—6 mos. 11916.......... Gross. $14,913,928; net, $7,088,972
11915.......... Gross, 13,030,913; net, 5.751.801
July 1 to Dec. 31.
11917.Gross, $28,149,722; net (aft. $10,492,062
Eleven months,
11.017,396
Jan. 1 to N ov. 30. 11916-Gross, 24
@FedFRASER