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RAILWAY AND INDUSTRIAL
SECTIO N
OF THE
C
ommercial
&f
inancial
C
hronicle
Copyrighted In 1917 according to A ct o f Congress, by W I L L I A M B. D A N A C O M P A N Y . In office o f Librarian o f Congress, Washington. D . O.
N E W YO R K , F E B R U A R Y 24, 1917.
Vol. 104.
R ailw ay
and
I n d ustr ia l
Se c t io n .
The Railway and Industrial Section, Issued three times a year on the last
Saturday of February, June and October, Is furnished without extra charge to
every annual subscriber of the Commercial and Financial Chronicle.
Tho 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 Section, issued semi-annually on the last Saturday
of May and Novem ber, Is also furnished without extra charge to every
subscriber of the Chronicle.
The Bank and Quotation Section, Issued monthly, Is likewise furnished
without extra charge to every subscriber of the Chronicle.
The Bankers’ Convention Section, Issued yearly, giving the detailed pro
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
are Ten Dollars per annum within the United States, Thirteen Dollars
(which Includes postage) In Europe, and SI 1.50 In Canada.
File covers for tho C h ron ic le aro sold at 60 cents each (which Includes
postage). File covers for Supplements can be had at same price.
L O N D O N O F F IC E .— Edwards & Smith, 1 Drapers’ Gardens, E.O .
W IL L IA M B. D A N A C O M P A N Y . P u blish ers,
Front. Pine and Depeyster Streets, N ew Y o rk .
RAILROAD AND OTHER MAPS IN THIS ISSUE.
American Public Sendee Co
--------------------------- ------P °l£ i
Atchison Topeka & Santa Fe R ailw ay..............
3
" ............
c
Atlantic Coast Line Railroad..................................... ................................ 7
Baltimore & Ohio Railroad............ ...................
' ' ............ i }
Buffalo Rochester & Pittsburgh R ailw ay........
.................................. 15
Buffalo & Susquehanna Railroad Corporation
"
........
17
Canadian Northern Railw ay.......... ...............
......................
iq
Canadian Pacific R a ilw a y ........ .................... ...................................... 20-21
Carolina Clinchfield & Ohio R a ilw a y ..
......................................
21
Central Argentine R y .........................
.............. ... ........................ . 25
Central Pacific Railway— See Southern Pacific C om plM y” ” ” .......... 122
Chesapeake & Ohio Railway Lines___
’ 27
Chicago Burlington & Quincy Railroad.
..........
90
Chicago Milwaukee & St. Paul Railw ay
.......................................
9?
Chicago & N orth Western Railw ay___
30
Chicago St. Paul M inn. & Omaha— See C liTcigo'& W rth W M tO Tn 11111 33
Chicago Terre Hauto & Southeastern Railw ay
37
Chicago & Western Indiana R a ilroa d ..
30
Cleveland Cincinnati Chicago & St. Lou is— See' N .'Y . Central "Lines' "96-97
Columbia Gas & Electric Company........ ..................... .......
Dolawaro Lackawanna & Western Railroad
45
Denver & Rio Grande Railroad------------"
47
Erie R a ilro a d ....................- ................................................
................49
Galveston Harrisburg & San Antonio R y .— See Southern Pacific.......... 119
General Gas & Electric C o ......................
........ 160
Grand Rapids & Indiana R y .— See Pennsylvania R R "'.'.'.'.'.'.'.* 102-103
Orand Trunk Pacific— See Grand Trunk System
.
54-56
Grand Trunk Systom............ ..........
'
........ ' ‘ '54-56
Gulf Florida & Alabama Railway
....................................................... .. 61
Hocking Valley Railw ay Linos— See Chraapeake & O h io I 1111111111111 27
Houston & Texas Central Railroad— See Southern Pacific......................119
Hudson & Manhattan R a ilroa d ..
Illinois Central Railroad............ ..... IZ Z IZ II
....................................... 65
Interborough Rapid Transit Com pany.
'
67
Inter State Electric Corporation___
'
ig e
Kansas C ity Southern R ailw ay............ ... .................. ............................. Bq
Lehigh Valley Railroad-. . . - - .......... .......................................... H I H I I 73
Louisville & Nashville Railroad.................
77
M aine Central R R . - - — ....................... ................................................. . 78
Michigan Central Rallroad— See N ew Y ork Contral............................. 96-97
Minneapolis & St. Louis R a ilr o a d .................._.................... ..................g i
Minneapolis St. Paul & S. Sto. M arie R y .— See Canadian P acific. .20-21
Missouri Pacific Railw ay---------------85
Novada-Callfornla Electric Corporation___
175
N ew England Power Co. Systom------------‘
“ 177
Now Y ork Contral Lines................................................................... 96-97
N ow Y ork Chicago & St. Louis Railroad— See N ew York C o n tr a l...96-97
Norfolk & Wastern Railw ay.................................................................
95
Northern Pacific R a ilw a y .........................
98-99
Oregon Short Lino Railroad— See Union P a c I f i c I I I I I I I I I
125
Pan-American Petroleum & Transport C o ...................................
" '1 8 2
Pennsylvania R a ilro a d ..________________
102-103
Pitts. Cine. Chicago & St. Louis R y .— See Poniisyl va n la lI I I I I I H I 102-103
Pittsburgh Fort Wayno & Chicago Railway— See Pennsylvania____ 102-103
lij
Reading Systom_____
Rio Grande Southern Railroad— See' Denver & Rio Grandel 11111111111 47
St. Louis Iron Mountain & Southern R y .— See Missouri Pacific_________85
Soaboard Air Line Railway
117
Shawinlgan W ater & Power C o l” ' ..............H I ' I
1...................... 189
Southern Pacific Company_____
122
----------H I ................-" .'.'.'.H n '.’.'.'.'.".'120-121
Southern R ailw ay. . . . . .
Southwestern l’ owor & Light Com pany____________________________
187
Union Pacific Railroad---------------” l29
Vandaila Railroad— See Pennsylvania Railroad......................
102-103
Virginian Power C o__________________
196
Virginian R ailw ay....................... ....................................... I I ____ I I I I ' 131
Western Pacific Railway— Sec Denver & R io G ra n d e.......................... 47
Western Maryland R y ___________________________________________________ 135
No. 2696.
INDEX TO MORTGAGES.
Abstracts of mortgages published in the “Chronicle":'
VoJ. Page.Atchison Topeka & Santa Fo mtges., securing prior Hell gold 4s
73T
due Oct. 1 1925 and gen. M . g. 4s due Oct. 1 1995-------------- 62
Adjustment mortgage gold 4s due July 1 1995-------------------- 62
73SCambria & Clearfield 1st M . 5s, 1891, duo 1941___________________ 52
976'
Central o f Georgia R y . consol. M . 5s, gold, 1895, due 1945--------- 61
872f
Central R R . & Bk. Co. o f Ga. Col. Trust 5s, duo M a y 1 1937____ 45
242
45
402
Central R R . Co. o f N . J. Gen. M . 5s due July 1 1987.........
Central Pacific 1st ref. gold 4s duo Aug. 1 1949........................... - 69
808
30-year gold 3 ^ s due Aug. 1 1 9 2 9 ................
69
868
Chesapeake & Ohio 1st M . extension 6s due June 1 1922............. 45
55
1st consol. M . 5s due M a y 1 1939................
49
147
1st consol, on Rich. & A ll., due 1989-----------51
144
2d consol, on Rich. & A ll., due 1989------------------------------------- 51
144
General mortgage gold 4 H s due March 1 1992--------------------- 54 644
Chicago Burl. & Q. Nebraska oxt. 4s, due M a y 1 1927--------------- 45 441
Illinois Division 3 Ms, due July 1 1949............ - .......................... 69
283
Chicago & Erie 1st and Income mortgages, due 1982...........
51
911
O.
M . & St. P . 1st M ., Chic. & L . Sup. D lv. 5s, due July 1 1921.. 45 146
1st M . Chic. & M o . River 5s, due July I 1 9 2 6 ......................... 45
213
145
1st M . Chic. & Pacific Westorn 5s, due Jan. 1 1921---------------- 4.5
1st M . Dubuque 6s, due July 1 1920................
45
144
1st M . Fargo & Southern 6s, due Jan. 1 1924----------------------- 45
212
1st M . Lacrosse & Davenport 5s, due July 1 1919-----------------45
114
1st M . Wisconsin & Minn. 5s, due July 1 1921...........
45
145
1st M . Wisconsin Valley 6s, due July 1 1920--------45
145
48
830
General M . bonds o f 1889, due 1989...........
Chicago & N orth Western gen. M . gold bonds (up to 5 % ), due
N o v . 1 1987........................................................... - ................ 65
117
Chic. R . I . & Pac. gon. M . gold 4s, due Jan. 1 1988--------------- 66
522
Clev. Cine. Chic. & St. — . Collat. trust St. L . D iv. 4s, due 1990- 52
42
Denver & Rio Grande 1st Con. M . 4s, due Jan. 1 1936-------------- 47
228
Im provement M . 5s, due June 1 1928_________________________ 47
229
Duluth South Shore & A tl. 1st M . 5s, due Jan. 1
1937__ 45
274
Erie R R . 1st consol, mtge. securing prior lien and general mtge.
bonds, due Jan. 1 1996_______________________________________ 62
86
F ort W orth & Denver C ity 1st M . 6s, due Dec. 1
1921__ 45
44
Georgia Car. & N or. 1st M . 5s, due July 1 1929__________________ 49
239
Ga. So. & Fla. (So. R y . System) 1st M . 5s, g.. due July 1 1 9 4 5 ... 61
429
Houston & Texas Central mortgages o f 1890_____________________ 52
242
Iow a Central 1st mtge. 5s o f 1888, due 19 38 .._____
49
582
Illinois Contral-Lou. D lv. & Term . 1st M . gold 3M s. due July 1
1953 ____ 1.................................................................................66
136
St. Louis D iv. & Term . I s t M . gold bonds (3 to 4 % ), due July I
1951 .....................................- ................................................... 66
136
Lake Erie & Western 1st M . 5s, due Jan. 1 1-937.........
46
45
2d M . 5s, due July 1 1941....................
54
444
L . Sh. & M . So. 3>S % gold bond M . o f 1897, due June 1 1997_____ 64 1182
Lehigh Valley & N ew Y ork 1st 4 H s, due July 1 1940.....
51
114
Louisville & Nashville unified mtge. 4s, due July 1 1940___________ 51 613
Manhattan Elevated consol. 4s, due April 1 1990_________________ 51
24r
Minn. & St. L . 1st cons, gold 5s o f 1894, due N o v . 1 1934............. 59 1145
M . St. P . & S. Ste. M ario 1st cons. M . 5s, duo July 1 1938........
47
142
1st M . M inn. S. Ste. M arie & A tl. 5s. due Jan. 1 1926.............. 45
243
Minnoap. Street R y . consol, mtge. o f 1890, due Jan. 15 1919____ 52
356
M o . Kan. & Texas R y . 1st M . 4s, due June 1 1990.........
51
495
2d M . 4s, due June 1 1990.................
51
495
Missouri Pacific 1st cons. M . 6s, due N o v . 1 1920________________ 47
287
M obile & Ohio gen. M . 4s, due Sept. 1 1938_______________________ 47
«3
N ew Y ork Chicago & St. Louis 1st M . 4s. due Oct. 1 1937________ 45
541
N . Y . Susq. & West. 1st M tge. 5s, due Aug. 1 1 9 4 0 ...................... 52
84
Terminal 1st M . 5s, due M a y 1 1943_____________________________ 57
512
N orfolk & Western R y . 1st consol, mtge. gold 4s, due 1996_______ 64
376
Northern Pacific R y . prior lien M . 4s gold, due Jan. 1 1997________ 63 1012
General lien M . 3s, gold, due Jan. 1 2047...............
63 1017
Oregon R R . & N a v . consol, mort. 4s, due 1946_________
63
928
20
Peoria & Eastern— O. Ind. & West. I s t M . 5s, due Apr. 1 1938___ 47
Consol. 1st mtge. 4s, due April 1 1940___________________________ 51
246
247
Income mtge. bonds, due April 1 1990___________________________ 51
Pittsburgh & Western 1st M . 4s, due July 1 1917_________
45
439
Reading Company and Phila. & Reading Coal & Iron Co. gon.
mortgage gold 4s, due Jan. 1 1997_____________________________ 64
612
Reading Company Voting Trust Agreem ent_____________________ 64
955
Jersey Central collat. trust 4s, duo Feb. 1 1951_____________
72
487
54
163
Rio Grande Southern 1st m tge., due July 1 1940_____
R io Grande West. 1st M . 4s, due July 1 1939................................. 49
237
St. P . M . & M . I s t M . M on. ext. 4s, due June 1 1937_________
45
342
Pacific Extension 1st mtge. 4s, due July 1 1940................
52
82
San Fran. & N orth Pacific 1st M . 5s, due Jan. 1 1919.......
49
241
Southern Pac. coll, trust gold 4s. duo Aug. 1 1949________________ 67
851
Southern Pac. o f Cal. 1st consol. M . o f 1893. due 1937.....
57 10-19
Southern Railway 1st cons. M . 5s, due July 1 1994____________
59
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 . R R . & land grant 4s, duo July 1 1927 - 66
618
20
Virginia Midland general M . 5s. due M a y 1 1936......................... 47
Wabash 1st M . 5s, due M a y 1 1939............................................... 49
270
2d M . 5s, due Feb. 1 1939.......
49
272
Debenture M . 6s, due July 1 1939............................................. 49
273
D etroit & Chicago Exten. 1st M . 5s. duo July 1 1941................ 54 1049
Western N ew Y o r k * Penn. I s t M . 5s, due Jan. 1 1937_________ 47
109
West Shore I s t M . 4s o f 1889, due 2361.......................................... 42
176
RAILROAD COMPANIES.
E X P L A N A T O R Y .— This Supplement ts expressly tntendea tor use in connection with the investment news and official reports published from week to
week In the "Chronlole.”
Frequent reference Is therefore made to the volume and page of the "Chronlole” (as V . 98, p. 000), where fuller Information
may be found. Following also each statement Is given a reference to the latest news Item In the "Chronicle” respecting the company. As every
such Item contains a reference to the last preceding Item, the reader can run back at pleasure. Annual reports are In black-faced figures.
index.— A ny oompany not In regular alphabetical order may be found by means of the Index, on another page, to roads leased and consolidated.
lividends.— The dividends ( “ dlvs.” ) tabulated In the text are those actually paid during the calendar years named. Irrespective of when earned.
Vet Earnings are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed charges.
Stcurities.— These are described In table at head of page (except the stock, for lack of space, sometimes only In text below) as follows:
Miles o f Road.— Opposite bonds, this means the miles of road owned covered by the mortgage.
flies or P ar Value.— Shows (In dollars unless otherwise marked), the denominations or par value, "100, A o .," signifying 5100 and larger.
note Per Cent.— The Interest and dividend rate per annum Is here shown: g. gold; our, ourrenoy, x, extra; s, stock or sorlp.
W!ten Payable.— J & J stands for January and July; F & A , February and August; M A S, Maroh and September: A & O, April and October; M ft N
May and November: J & D, June and December; Q-J, quarterly from January: Q-F, quarterly from February; Q-M, quarterly from Maroh.
Bonds, Principal When Due, A c .— This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations In table; M for “ mortgage” : gen M for "general mortgage” : con M or consol M for "consolidated mortgage” : Inc M for "Incom e m ortgage’
g for “ g old"; o or our for “ currency” ; guar p & 1 for "guaranteed principal and Interest” ; cum for "cu m u lative"; non-oum for "non-oum ulative” ;
oonv for “ convertible Into stock at holder’s option” : pref for "preferred” ; pref d ft a "preferred as to dividends and assets, as “ pref. d & a ” ; s f for
"sinking fu nd "; «r for "land grant"; r “ fully registered (no coupons)” ; o "coupon” ; o* “ coupon, but may be registered as to principal” ; r* “ registered”
and ooupon Interchangeable” ; br “ branch” : end “ endorsed"; red "redeem able": dr’n or drawn .“ subject to call by lot” ; p m "p er mile” ass'd, "assumed.”
Taxes.— The position o f Interest payments as regards deductions for taxes, as shown by bond or mortgage, or as reported by com pany, as far as ascer
tained, Is indicated as follows: x “ payable without deduction for any tax;” xx ‘ ‘company assumes (for the present, at least) so much o f the normal
Incomo tax as company is required to deduct as withholding agent.’ This was 1% for the cal. year 1916 (the holder being obliged to assume the other
1 % ), and w ill be 2% fo r the cal. year 1917. V . 104, p. 609. v “ Free from all taxes except Federal income tax.” yy "F ree from all taxes except Federal
and State Income tax.” “ N o provision as to exemption from taxes.”
k “ Free from Penn. State tax. v "F re e from U . S. taxes.”
Mortgage Trustees and Stock Transfer Agents (T R Treasurer's Office) are Indicated thus:
NEW Y O R K C IT Y —
Ba — Bankers Trust C o
Ce — Central Trust Co
C ol — Columbia Trust Co
Em — Empire Trust Co
Eq — Equitable Trust Co
F
— Farmers' f.oan & T r
Fr — Franklin Trust Co
Q
— Guaranty Trust C o
Me — Mercantile Trust Co
Mp — M etropolitan TrustCo
N
— N ew York Trust Co
T
— T itle Guar & Trust Co
Un — Union Trust Co
Us — United States Trust
Usm— U S M tg e & Trust Co
B A L T IM O R E —
BBa — Baltimore Trust Co
C oB a— Continental T r Co
EBa — Equitable Trust Co
FBa — Fidelity Trust Co
MBa — M aryland Trust Co
MeBa— Mercantile T r & Dep
SBa — Safe Dep & Trust Co
B O STO N —
A B — American Trust Co
1 1 — Boston Safe IJop ft T r
55
FB — Federal Trust Co
IB — International T r Co
NB — Now England T r Co
OB — Old Colony Trust Co
SB — State Street Trust Co
C H IC A G O —
C e C — Central Trust Co o f III
C hC— Chicago Sav Bk & T r
CC — Continental & Com
mercial T r & Sav Bank
FC — First Trust ft Sav Bk
H C — Harris T r & Sav Bank
IC — Illinois Trust & SavBk
M C — Merchants’ Loan & T r
N C — Northern Trust Co
UC — Union Trust Co
CLEVELAND—
CCI — Citlzons’ Sav ft T r Co
Cl Cl— Cleveland Trust Co
FCI — First Trust & Sav Bk
Q C I — Guardian S Bk ft Tr
S T . L O U IS —
M eSt — Mercantile Trust Co
AlSt — Mississippi Valley T r
SSt — St Louis Union Trust
P H IL A D E L P H IA —
L O U IS V IL L E —
C P — Commercial Trust Co
F L — Fidelity & Coliunb T r F P — Fidelity Trust Co
L L — Louisville Trust Co
Q P — Girard T ru stC o
G u P— Guaranty T r ft S Dep
P IT T S B U R G H —
P h P — Philadelphia Trust Co
P IP — Provident Life & Trust
C w P I—Colonial Trust Co
C w P i—Commonwealth T r Co P e P — Penn Co for Insur ou
Lives & Gr Annuities
FP1 — Fidelity T itle ft Trust
VVP — W est End Tr&S D Co
P P I — Pittsburgh Trust Co
SAN F R A N C IS C O —
SP i — Safe Deposit & T r Co
US — Union Trust Co
U Pi — Union Trust Co
D E T R O IT —
DD — Detroit Trust Co
UD — Union Trust Co
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 A Hudson Co.
Akron & Barb Belt— 1st M g s fd calls 105. U sm x.o'ftr
Akron Can & Young— 1st M 51,500,000 g red 105beg'IS
Alabama (Ireat Southern— Ordinary stock-------- . . .
Preferred stock 6% and participating $4,000,000
First M gold ext In 1908 (V 85. p 1645, 1460). Fz.e
General mortgage £1.160.000...................... Cez.o
First Consol M $25,000,000 gold................G .zc*r*
Car trust Series 1), due 550.000 s-a (V 88, p 1559)x
do Series E due $55,000 s - a g ----------- --------Alabama Midland— See Atlantic Coast Line B B
A la N O T e x & Pac J et— Consolidated stock(seo text)
•A” ft 'b ” debentures, redeemable since 1910 at 115c
"O ” debentures Income subj to call any time at 100
Alabam a Tennessee & N o r — A t & N RR 1st M .C o l x
Tombigbee Valley first M ____________________ C o lx
General m tge------------------------------------------ Nx
M obile Terminal & B y 1st mtge gold red 105_____ x
Ala Tenn & N or Ry 1st ft R e f M (V . 96, p. 1228) -X
Secured 3-year gold notes red 101___________ xc*
Equipment notes due $10,000 sem i-annually.GP
Alabama & Vicksburg— Stock (see t e x t ) . . ................
Vicksburg ft Meridian 1st M g 51.000,000- .-F .xo*
Alabama & Vicksburg Cons IstM 81.800,000-Ce z.o
2d M orlg 5700,000 g (1st M on land)-------- Cex.o
A lb a n y & N o rth ern — See Georgia Southw ft Gulf
Albany & Susq— Stock dividends guar by D & H (end)
1st M 510.000.000 g gu o & l oonv (text) Usmx.o’ &r
lies Date
oad Bonds
Par
Value
1902
1910
290
...
$1,000
100
60
60
1,000
1878
1888
£100
1913 $, £ & fr
1OfHI
l ,000
1916
1,000
181)0
1890
1906
1906
1910
1910
...
1913
1913-5
1912
143
143 1881
143 1889
143 1889
142
Rate
%
$924,000
4g
6g
1.500.00(1
7.830.000 8 In 1916
3.380.350 7 In 1916
1,749.000 5 (0) g
£714.700
5g
5g
2.962.000
250.(VHi
444
1,045.000
4 44 g
£10 £1,250,000
5g
Various £1.797.240
£810 000
£20 Ac
5g
1.000
$896,000
5g
1.000
5g
450.000
1,000
270.000
6
1,000
500.000
6g
As collat
5
1.150.000
i *
140,000
ioo
2,100,000 7 In 1916
1.000
1.000.000
6g
100 &o
585.100
5g
100 Ao
422.700
6g
100
1906 1.000 Ac
A D A M S O N (W A G E ) L A W .— V. 103. p. 1887, 1980.
.
A K R O N & BARBERTON B ELT R R .— Belt line at Barberton. O., and
Falrlawn to Akron, O.; total, 23.4 m. Stock, 5100,000. owned equally
by the Cleveland Akron & Cincinnati. Balt. & Ohio, Erie R R . and Northern
Ohio R y . Bonds auth., 51,500,000’ Issued. 51.140.000: 5216.000 redeemed
by sinking fund; 5360,000 for future reaulrements.— (V . 78, p. 2598.)
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 201.
A L A B A M A GRE AT SOUTHERN R R .— (See M ap Southern B y .)— Owns
Chattanooga, Tenn., to Meridian. Miss., 293 miles; leases B elt R y . o f
Chatt., 49 m.; owns half lnt. Woodstock & Blocton Ry., 8m.; trackago , 10 m.
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. 159. Owns $833,300 stock o f S. W
Construction Co. received for $833,300 Cln. N ew Orl, & Tex. Pac. stock.
D IV S .—
’01. ’02. ’03. ’04. ’05 t o ’08. ’09. ’ 10. ’ l l t o ’ 15. 1916. 1917.
Com. stock. 0
0
0
0
0
2
4>$ 5 yrly.
8
text
Pref. s to c k .. 9
9 10
9
6 yearly 6
6
6 yrly.
7 3 H s-a
In 1916 paid on common 5% (214 J & D ) extra 2% In June and 1% In
Dec., In Aug. 1% extra on pref. In Feb. 1917 extra 44 o f 1% on pref.
B O N D S .— Th e First Consols ($25,000,000) are Issuable In lettered series,
$5,686,600 reserved to refund 1st 5s and Gen. 5s, $9,000,000 for second
track, at, say, $30,000 per mile, with extension from Wauhatchlo to South
ern R y .. 3.2 miles; tho remaining $7,813,400 for improvements In and after
1917 at $500,000 yearly. V. 97, p. 1285. 1582. 1820; V. 98, p. 72. 1534,
Equip, trust 1916, V. 102, p. 1539.
L A T E S T E A R N IN G S .— J1916____ Gross. $3,057,060; net, $1,072,975
6 mos., July 1 to Dec. 31.U915____ Grass, 2,710,634; net,
793,100
A N N U A L R E P O R T .— For year ending Juno 30 1916, In V. 103, p. 1787;
Operating Net (.after Other Interest, Pref.
Com. Balance,
June 30
Revenue.
Taxes). Income. Rents,Ac. Dies.
Divs. Surplus.
Year—
S
$
$
$
$
$
$
1915-16— 5.641,402 1,681.301 383,915 604,858 236,625 548,100 675,633
1914-15___4,776,630
944,263 240,433 558.521 202,821 391,500 31,853
In 1915-16, In addition to tho regular payment o f 5% on ordinary stock
and 6% on pref., the company paid an extra dividend o f 2% and 1%,
respectively.— (V . 103. p. 1300, 1787, 1792.)
A L A B A M A & M IS S IS S IP P I R R — See page 204.
A L A B A M A NEW O R LE AN S T E X A S & PA C IFIC JUNCTION R A IL
W A Y S (L td .),— An English co. controlling Ala. & Vicksburg, 143 miles;
Vicks. Shreveport ft Pac., 189 m. In 1916-17 having sold all Interest In
the N ew Orleans & 'N - E. R R . and S. W . Construction Co., to the Southern
R y ., for £2,400,000, this sum was Invested temporarily In British 6% Ex
chequer bonds, duo 1920 (prospectively In other securities) and reduced Its
own share capital to £1,250,000 all o f one class. V. 103, p. 1792, 2078.
D IV ID E N D S .— Pref. “ A .” 344%. 1908; 244%. 1910; 444%, 1911 and
1912;34*%. 1913;444%. M ar. 1914; arrears, 1885 to Sept. 1916. abt. 180%.
S E C U R IT IE S O W N E D .— Alabama & Vicksburg $30,000 1st mtge.,
$141,100 consol, mtge. $343,400 2d mtge., and $1,168,000 stock; Vicks
burg Shreveport & Pacific, $1,613,000 gen. mtge. $2,080,100 pref. and
$2,773,500 com. stock. R R . Lands Co., $108,850 stock. Exchequer bonds,
see abovo.
C O U PO N P A ID For: ’95. *96. ’ 97. ’ 98. ’99. ’00. ’01. ’ 02 to ’ 14. T5. '.16
2>4 2 « 4 44 5
5
5 5% yrly 5% 5%
“ B ” (Incom es).......... % 1
••O” (In com es).......... % .......................... 1H
- - 244 5% yrly 244 5%
E A R N IN G S .— In cal. year 1915 net from Investments was £127,127,
paid general expenses (£4,664), Income tax (£24.261), Interest on “ A ” de
bentures (£32,450), on “ B” debentures 5% (£45,430), on “ O” debentures;
Amount
Outstanding
3.500.000
10.000,000
When
Payable
Last Dtrtdend
and Maturity
Places Where Interest and
Dividends are Payable
II S Mtge A Tr Co. N Y
Cleveland Trust Co
Checks mailed
do
do
Farm L A Tr. N Y ; A B
Morgan .Grenf&Co .Lon
Guaranty Trust Co, N Y
Empire Trust Co. N Y
Guaranty Trust Co, N Y
ft
A
&
A
A
A
&
A
&
D
J
D
A
J
D
1)
J
D
June 1 1942
July 1 1930
Dec 29 '16. 344
Feb 23 '17. 3 44
Deo 1 1927
Deo 1 1927
Dec 1 1943
J u ly’ 17-I'jlv ’ 19
T o Juno 1 1926
M A
A A
A A
A ft
J fr.
M &
M &
N
()
O
o
J
s
N
N ov 11940 .
N ov 1 1940
Oct 1 1950
Apr 1 1956
Jan 1 1935
Sept 1 1935
M ay 1 1943
1916-18
N o v 1915 to ’22
Sept 4 1916 7%
Apr 1 1921
Apr 1 1921
Apr 11921
J
J
J
F
J
J
.1
J
J
M & N
Yearly
ft o
A 0
A o
A
A
A
12 H J
3 Hi r A
A
A
London
Olyo Mills. O A Co, Lon
5% for year 1916
Oct 1915 not paid
Oct 1915 not paid
Jan 1916 not paid
March 1916 not paid
N o v 1915 not paid
N o v 1915 coup not paid
Central Trust Co, N Y
do
do
do
do
do
do
J Jan 2 '17.444% Del A Hudson Co, N Y
do
do
o Apr 1 1946
2 % % pd. Feb. 1916 (£20.199): sinking fund for debenture discount, £4,600
brought In from 1914, £6,508: bal., sur., £2,031.— (V . 102, p. 885; V . 103,
p. 1592, 1792, 2078; V. 104, p. 71, 663.)
A L A B A M A T E N N E S S E E & N O R T H E R N R Y .— Operates from M obile,
Ala., on Gulf o f Mexico, where extensive terminals are owned, to Reform.
Ala., on the M obile & Ohio, about 225 miles. Including about 25 miles o f
trackago. In N o v . 1915 receivers were appointed; they are now M . W .
Thompson o f N . Y ., and Joseph F. M cG ow ln.— V . 103, p. 1686. In Oct.
1916 all coupons beginning Oct. 1915 wero In default.
Committee for the 4 Underlying Bund Issues.— Chairman, Georgo O. Van
Tuyl Jr.; Sec., Chellls A . Austin, 60 Broadway, N ew York. Depositary.
Metropolitan Trust C o., N . Y . V. 102, p. 1058.
Second Noteholders' Committee.— Chairman, F. N . B. Close; Sec,, Graham
Adams, 30 Broad St. Depositary, Bankers T r. C o .,N . Y . V.102,p.l058.
The notes are secured by First & Ref, M tge. 5s, 2 to 1.
E A R N IN G S .— 5 mos.
/1916................ Gross, $184,356; net, $20,863
July 1 to N o v . 30.
(1915................ Gross.
202.550: net.
65,015
E A R N IN G S .— For year ending Juno 30 1916, gross, $513,003; net;
$162,470. In 1914-15. gross, $413,134; not. $112,625: chargos, $200,399:
bal., def., $87.774.— (V . 101, p. 1271,1895; V. 102, p. 1058; V.103, p.1686.)
A L A B A A IA & V IC KSB U RG R Y .— Owns Vicksburg to Meridian. Mis*.,
and branch, 143 miles. Controlled by Alabama New Orl. Texas & Pao.
D IV ID E N D S .— 1890 to 1892, 3% yearly; 1896, 3% : 1897 to 1899, 5%l
1900 to 1902, 6% yearly; 1903, 9% ; 1904 to 1914. 7% yearly; 1915, 5 % .
1916, 7% . Stock dividends, 50% . in 1900, and 100% in 1910.
BONDS.— $1,000,000 consols aro held to retire Vicks. & Meridian firsts.
E A R N IN G S .— 6 mos.J1916...................Gross, $969,674; net, $212,052
836,366; net, 150,395
July 1 to Dec. 31.
(1915.............. .Gross,
R E P O R T .— Fiscal year ends Juno 30. Report V . 103, p. 2074,
June 30
Gross
Net after
Other
Interest, Divs.
Balance,
Year—•
Earnings.
Taxes. Income. Rents, Ac. Paid.
Surplus.
1915-16_______ S I,684,825 $299,251 $196,647 $125,381 $147,000 $223,517
1914-15_______ 1.493,067
83.078 277,971
125,439(5)105000 131/210
— (V.97. p.1499; V.99, p.1298,1666; V.101. p.922,1549; V.103, p.1686, 2074.
A L B A N Y & SU SQ U EH ANN A R R .— (See M ap Delaware A Hudson.) —
R O A D .— Owns Albany to Binghamton, N . Y „ 142 miles.
L E A S E D for term of charter, viz., 150 years from April 19 1851, to Del, ft
Hudson Co.; rental was 9% per annum on stock (see guaranty, V . 56, p.
774). but the courts having heid that the stock Is entitled to the benefit of
refunding effected In 1906. $120,750 additional rental Is paid In Jan.
yearly, beginning 1910, making 3.45% available for extra dividends on
stock; Jan. 1914 to Jan. 1916 20 cents was deducted yearly Tor co s. Federal
income tax. A special dividend o f 30% ($1,050,000) was paid N o v . 16
1909 from the proceeds o f the judgment for back rentals due by reason o f
refunding. A special dividend o f 3 44 % was paid Jan. 10 1916 and Jan. 6
1917. — V. 89, p. 1141. 1666; V. 90, p. 913.
BONDS.-—Tho bonds are guar. p. ft I., and until April 1 1916 convertible
into D . & H . stock— $500 stock for $1,000 bonds; $3,556,000 were so con
verted. V. 80, P. 1174, 1362, 2343. Guaranty. V . 82, p. 989.
.
Pres., Arthur W . Butler; Sec. & Treas., W . L . M . Phelps; Asst. Sec. Sc
Asst. Treas., O. F . Coaney.— (V , 97, p. 1820.)
A L B A N Y & VERMONT R R .— Owns road from Albany to W aterford Jet
N Y
12 miles. Leased to Rensselaer & Saratoga In 1860 and now oper
ated by Delaware A Hudson Co. Annual rental, $20,000.
Kirby
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6
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S .
[For abbreviations, &c., see notes on first page]
Albany & Vermont— Stock 3% guaranteed by rental
Alberta & Qt W at— 1st M deb 57,400.000 g gu t e x t ..
Algoma C & H Bav— 1st M g gu red 105 textUsm .xo*
2d M g S3.240.000 (V 99, p 536, 1 2 13 ).......... -Usm
A lg Cen Terminals 1st M g gu rd 105____ Usm.xc*
Equip bonds (A , 11, O ), duo part annually red----- x
Alrotna East R y— Man A N oSh 1st M g gu red Usmzo*
Equip bonds sor A & D duo part ann through 10 yrs
Allegheny & Western— Stook 53.500,000) g u a r ------First M 52,500.000 gold guar p A 1 (en d)___(J.xo*
Allegheny Valley—See Pennsylvania R R
Allentown Terminal— 1st M guar p A 1 (end) g . ..Ce.xo*
A lto o n a N o rth ern — 1st M S750,000g call 10 5 -.Q u P
Amador Central— 1st M gold (2% s t began 1913) — z
Ann Arbor— First mtge 57,000,000 gold____Mp.xc*
do ser B g due 530.000 s-a red 102 4$ (V 92,p
Apalachicola Northern R R — First mtge 52,000.000 g . .
A rk & Alem R y & Bdge— 1st M $7,500,000 g ____G
Guar Secured gold notes; all callable at par___Ba.c
A ih eville & Spartanburg— See Southern R y , Carolina
Ashland Coal & Iron R y .— Stock____________________
Atchison & Eastern Bridge— I3t M g s t rc
Atch T op & Santa Fe R y — Stock, com $2
Stook pref 5131.486,000 5% non-cum.
General mortgage gold (see te x t)_______
Adjust lno M cum since July 1 1900 g
do do Interest stamped payable M t
T ra n scon S LlstM 530,000,000 g red 1 1 0 _G xa *A r
Miles Date
Road Bonds
12
62
62
1909
1910
1914
1912
’ 11-12
1911
—
$600,000
7,400.000
10.080.000
318,800
$£
£100 &C £1,028,709
$147,000
S, £, &c
2,500,000
$, £, &o
270,000
$, £ , &c
3.200,000
$100
2.000.000
1.000
3
5 g
6K
6g
5g
6g
5g
6g
6g
4g
M A N M a y 15 191714$
J A J Jun 1 1959
J A I) June 1 1960
M & S Sept 1 1964
F *
A Aug 1962
M & N 15 T o M ay 15 1922
M A S Mch 11961
Sem i-A’n T o A pr 1 1926
J Jan 2 1917 3%
j
A
A A O Oct 1 1998
4 g
g
5g
4g
5g
6
5g
5 g
5g
5g
5
6g
5g
6g
J
$100
1.009
£100
See text
do
do
M aitland,Coppell&CoNY
Bk ot Mont, L on A N Y
M alt., C op p ell* O o.N Y
A Iselln A Co. New Y o r*
do
do
Office, 437 Chestnut, Pb
Union T r Co, San Fran
Metropolitan T r Co, N Y
Empire Trust Co, N Y
do
do
Bankers T r Co, N Y
Empire Trust Co. N Y
March 1913 coup last pd
So Pao Co 165 Bway N Y
do
do
Chic, Cont & Com Tr&SB
J
J July 1 1919
Juno 1 1943
N ov 21938
July 1 1995
May 1 1941
M a y 1 1919
To N o v 1 1919
July 17-Jan '21
Sept 51925
N ov 1 1924
M a y 1 1950
Dec 11 1921
M a r 1 1964
J Jan 1 1918
N Y.
773,500 4 In 1916 Q— M Dec. 25 ’ 16 1%
50
M A N May 1 1925
300,000
4g
1,000
1900
374,000
J A J July 1 1928
4 g
1,090
1898
100 218.782,500 6 In 1916 Q— M M a r 1’ 17 14$%
100 124,173,700 5 In 1916 F A A Feb 1 1917 2 A
J A J Jan 1 1937
560.000
5 g
1887 1,000 &c
A A O Oct 1 1995
4g
150,134,500
1895
July 1 1995
N ov
8,933,000
4«
1895
M A N July 1 1995
4g
500 &c 42.413,000
1895
M A S Mch 1 1928
4 g
9.603,000
1,000 Ac
1903
4 B J A J July l 1958
1908 1,000 Ac 22,545,000
J & J Jan 1 1965
3.000.000
4g
1915 1,000 &c
J A D June 1 1955
8.002.000
4a
1905 1,000 Ac
J A D June 1 1917
7,449.000
r> g
1907 1,000 Ac
Check from Co’s offloe
New York Trust Co. N Y
Central Trust Co, N Y
Checks 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
do
do
450,000
500
1,000
300,000
7,000,000
See text
611,000
198,000
210,000
2,000,000
1,492,000
9,155,000
200,000
1,000
1.000
1,000
1,000
1,000
1,000 &c
1,000
A L G O M A C E N T R A L & H U D SO N B A Y R Y .— Owns from Sault Sto.
Mario, O nt., and Michlpicoton Harbor to a connection with the Can. N orth
ern R y ., 272 miles; branch to Helen M in e, 12 ra.; extension to Hearst on
Grand Trunk Pacific R y ., 50 miles, completed Sept. 1914; total 334 miles.
V .95,p.748. 1540; V. 99, p. 814. Cash subsidy, $6,400 per mile. Laud
grant. 2.137,144 acros (In N o v . 1916 about 2,000,000 acres remained.
V . 103, p. 2076). V. 99, p. 1671; V. 101, p. 772. Th e receivers of the
Algoma Central & Hudson Bay R y . and the Algoma Central Terminals
were discharged in Dec. 1916. V . 103, p. 2428.
Owns stock and leases for 999 years Algoma Central Terminals, L td .,
rental covering interest and from July 1918 1% sinking fund on 1st M .; tho
bonds are guaranteed, prin. & int., by Lake Superior Corp. Present Issue
(limited to $5,000,000) is secured on terminal properties and on $900,000
1st M . 5% bonds and $99,300 stock of Algoma Eastern Terminals. L td.
V. 95, p. 1540; V. 96. p. 651, 1020, 1491; V. 99, p. 268, 536. Tho rontal not
being paid, tho int. duo Fob. 1 1915 was defaulted. V. 100, p. 732.
P L A N .— Late In 1916 tho following plan (V . 102, p. 885, 1058, 2076;
V. 103, p. 843) was put In effect:
(1) A bondholders' committoo, including C. B. N . Smith-Bingham and
J. C. Dalton, for tho Railway bonds, and A . F. P. Roger and Androw
Williamson for the Terminals bonds, and one or moro others to exorciso
tho voting power upon tho common stock o f both companies and also for
the conversion o f tho 2d M . bonds o f tho Railway into income bonds until
the principal and interest o f all the 1st M . bonds shall havo boon paid in full.
(2) Th e interest on the Railway bonds from Juno 1 1914, and Interest and
sinking fund on tho Terminals bonds to bo paid only if and to thooxtont
that tho joint not earnings available for tho purpose pormlt (oxcopt as Indi
cated below), but tho interest to bo cumulative 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 payment, howover, to bo a fixed
obligation for tho periods from Aug. 1 1914 to Aug. 1 1915. payable forth
with, and also in oach year after Aug. 1 1921. (ft) Both issues pari passu
as though one Issue, 2% . (c) Railway bonds, 3% . (d) A ny arrears up to
5% on olthor Issue, (e) Terminals sinking fund. (/) Railw ay bonds, 1%
and Terminals bonds, A o f 1%. Whilo the guaranty o f the Lako Superior
Corporation w ill remain, the committee alonn can enforce It.
(3) Reducing existing pref. stock o f tho Railway, $5,000,000 outstanding,
by 60% (1. o., each share to $40 par valuo), and creating a new class of
$3,000,000 5% non-cum. prof, shares o f $40 par valuo, equal to 60% of
presont issue, having similar rights, to bo issued as fully paid to tho bond
holders’ commltteo in consideration o f the Railway and Terminals bond
holders consenting to this schemo, the stock to bo distributed 75% to the
Railw ay bondholders and 25% to tho Terminals bondholders pari passu.
Stock, common, $5,000,000, all owned by Lake Superior Corp.; pref., 5%
non-cum., $5,000,000. 1st M . bonds, see V . 91, p. 93, 1159, 1327, 1573.
Equipment bonds, V. 92, p. 1635; V. 94, p. 1382. For the 4 months ended
Get. 31 1916. tho net earnings available for Interest and depreciation were
at the rate o f about $500,000 p. a., but were expected to fall o ff temporarily
during winter months. V. 103, p. 2076. Tho net earnings for tho 5 mos.
end. N o v. 30 1916 were reported as $232,402, against $85,776 for tho same
period in 1915. Bros., R . Homo Smith; Sec., Alex Taylor, Toronto; Treas.,
I . L . Godfrey, Sault Ste. Marie, O n t — (V . 103, p. 238, 843, 2078, 2237,
2428.)
A L G O M A E A S T E R N R Y .— Owns from Sudbury. Ont., to L ittle Cur
rent (Manltouiln Island) through nickel and copper districts, 86 m., com*
plotcd Jan. 1 1913: branches, 3 m. Land grant 682,692 acros in Ontario
and cash subsidies from Prov. and Dom. o f Can. V. 92. p. 265; V. 95, p.748.
Leases for 999 years Algoma Eastern Terminals, Ltd ., rontal covering int.
and sink, fund on S900.000 1st M . 5% bonds. See Algoma Central T e r
minals, L td ., mtge., under Algoma Central & Hudson Bay R y . above.
Common stock, $2,OoO,000, all issued, and pref. 5% non-cum., $1,000.
000, all issued, all pref. and $1,000,000 common owned by Lako Superior
Corporation. Bonds (M an. & N o. Shore R y .) auth., $3,000,000, issuable
at $30,000 per m ile (Issued, $2,500,000), guar., prlu. & Int., by Lako Super
ior Corp. Th ey aro subject to call as a wholo at par or may bo drawn at
105 from subsidies or tho proceeds o f land sales. V . 92, p. 396, 462, 527,
1032; V. 93, p. 227, 406; V. 94, p. 1382.
Report for year ending Juno 30 1916, in V. 103, p. 2078, showed “ a small
surplus, after deducting all Interset and rental charges, but without any
allowance for depreciation.:” Gross, $540,973; net, $237,110; Int. & rentals,
$196,723; bal., sur.. $40,387. Pres., W . C. Franz; Sec., Alex. Taylor,
Toronto; Treas., E. W . Shell, Sault Ste. M arie.— (V . 101, p. 922; V. 103,
p. 238, 843, 2078.)
A L L E G H E N Y & W E STE RN R Y .— (See M ap D uff. Roch. & Pitts.)
Punxsutawney to Butler, Pa., 60m. andbr. 2m. An extension of Bull. Roch.
* Plttsb., to which leased In perpetuity for guaranty of bonds and 6% on
stock. Uses Balt. & 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.)
A L L E N T O W N 'k R .— Topton to Kutztown, Pa., 4.39 in. Stook, $1,268,
884 (par $50), Inol. $1,071,400 pledged under Reading Co. gen.M. No bonds
A L L E N T O W N T E R M IN A L R R .— Owns 2.91 miles of railroad In Allen
town, Pa., connecting the East Penn. (Phlla. & Reading) with the Cent of
N . J. Leased for 999 years to Phlla. * Read, and Cent, of N. J. (by assign
ment from Lehigh Coal & Navigation Co.) at Interest on bonds and 5% on
$450,000 stock (par $50), and taxes, bonds being guar., prln. and Interest,
by Phlla. & Read. R II. Co. (foreclosed) and Lehigh Coal & Navigation.
A L T O O N A N O R T H E R N R R .— This company, In 1916, to complete
change of gauge to standard, buy now rolling stock, &c., obtained authority
to sell $205,000 bonds In addition to $250,000 then outstanding.
AM ADOR C E N T R A L R R .— lone to Martell, Cal., 12 m. Stock, $400,000
par, $100. Mortgago, see V. 88, p. 156. Year end. Juno 30 1915, gross
$95,398; net. $29,176; int.. $15,000; additions, &c.. $6,448; bal.. sur., $7,
729. D ivs. 1911-12, 6 2-3%, $25,000 from accurn. surplus. Nono slnco
Pros., M eta J. Erickson, San Francisco.— (V . 88, p. 156.)
A NN ARBOR R R .— Owns from Toledo, O., to Frankfort, on Lake Mich .
292 miles; operates car ferries between Frankfort. M id i., Kewaunee and
Troy, N Y
& N
Q— J
M A N
M & N
M A N
J A J
M A S
M A N
M Sc N
J Sc D
1.000
1889
1013
1908
1895
1911
1916
1909
1911
102 1905
124 1894
187 1910
52 A 1915
1014
1915
Dlv.
_
Places Where Interest ant
Dividends are Payable
Last Dividend
and Maturity
Rate
%
12
292
439
8,540
8,540
8.540
479
1102
106
When
Payable
Amount
Outstanding
Par
Value
3
22
[V o l . 104.
6.000,000
A
M
&
See Blair & Co
Manitowoc. W is.. and Menorniueo and Manlstlque. M ich. Wabash and
Marquotto use Toledo terminals. Rate decision 1916. V. 102, p. 1162.
Entire cap, stook ot Manlstlque & Lake Superior, Manlstlque, Mich., to
Evelyn. 42 m. (with branch, 13 m.) was purchased In 1911. V. 92, p. 1108.
ST O C K ., &o.— Common. $3,250,000; pref., $4,000,000; 5% non-cum.
par $100. Pref. stock oert., see issue Got. 30 1897, p. 3.
V. 94, p. 205.
The Ann Arbor Co. was Incorporated Jan. 5 1911 as a holding company
with $7,250,000 auth. stock, ot which $4,000,000 pref. and $3,250,000
common (par $100). the stock being offered, share for share, for the Ann
Arbor R R . stock. A t last advices $2,971,900 pref. and $2,158,201 com.
had been exchanged. V . 92, p. 59. 116, 321.
.
B O N D S .— In April 1916 $750,000 6% notos were sold, secured by doposit o f $1,500,000 Irnpt. and Extension 5% bonds (o f an issue limited t o
$10 000,000) and a first Hon on shops and 470 stool underframo box cars,
and all other property acquired with proceeds o f bonds, and a socond lion
on entire roacl, with all other equipment, &c.— V. 102, p. 1624.
E A R N IN G S .— 6 mos., f 1916........... Gross, $1,461,127; not, $320,328
July 1 to Dec. 31.
(1915_______ Gross,
1,338,316; not, 376,185
A N N U A L R E P O R T for 1915-16 was in V. 103, p. 1880.
1912-13.
Year ending June 30— 1915-16.
1914-15.
1913-14.
Gross earnings_________$2,684,309
$2,310,902 $2,294,466 $2,072,697
461,511
N ot, after ta xes_______
693,622
519,554
473,038
523,649
N ot incomo...................
728,548
554,897
499,761
368,307
lilt ., hire oquip., &C-.
428,489
451,140
418,767
P ero
Balance, surplus_____
$300,060
$100,757
$80,994
$155,342
D IR E C T O R S .— Newm an Erb, H . I. M illor, J. S. Bacho, F . K . Curtis.
A . W . Towsley, W . J. Wollman, W . M . Wadden, E. S. Lyon and Fred
erick Ilortonstoln. Pres., Nowman Erb; V.-Pros., J. S. Bacho; V . - I . &
Gon. M g r., A . W . Towsley; V .-P . and Troas., W . M . Wadden; Sec., I I . B,
Blanchard.— (V . 103, p. 937. 1031. 1300. 1880.)
A N T H O N Y & N O R T H E R N R R .— Completed In 1916 from Trousdale
to (a) Kinsley, Kan., 24 m.; (6) Larned, 26 in.; and In Jan. 1917 was
building from Larned north 21 miles.
A P P A L A C H IC O L A N O R T H E R N R R — See page 205.
A R IZ O N A E A S T E R N R R .— Owns Maricopa to llassayampa, A riz.,
74 miles; Bowlo to M iam i, A riz., 136 m.; Cochise to Gleeson. 35 m.; Tem po
to M esa, 8 m.; other, 31 m.; leases Phoenix, A riz., to Winke man, 92 m.;
other, 1 m.: total, 378 miles. A consolidation in 1910, Including G ila Val
ley Globe & Northorn, &c. V. 90, p. 446. Stock auth., $46,000,000,
of which $9,000,000 outstanding June 30 1916,$8,999.100ownod by South.
Pacific Co.; with $4,042,000 o f tho $9,155,000 outstanding First R e f.
5s. Tho remainder o f the bonds aro hold In sinking funds o f proprietary
companies. In 1915-16, gross, $3,310,302; not, after taxes. $1,304,170;
other incomo, debit, $39,121; chargos, $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 M ID L A N D R Y .— See pago 205.
A R K A N S A S & M E M P H IS R A I L W A Y . B R ID G E & T E R M IN A L CO.
— Owns double-track bridge (with wagon-way) across tho Mississippi River
at Memphis, Tenn.; openod for tra ffic July 15 1916. V. 103, p. 321.
Stock authorized, $100,000, o f which $10,200 Is paid in equally ownod
by tho St. Louis Southwestern R y ., Chic.. Rock Isl. & Pacific R y . and
St. Louis Iron M tn . & Southern R y., which uso tho road undor a 50-yoar
operating agreement. These roads and also (acting undor order o f Court)
the receivers of tho two compauios last named, jointly and severally guar
antee for themselves and tho receivers for any companies succeeding them,
both tho 1st M . bonds and also the 3-yoar gold notes (secured by pledgo of
S6 000,000 o f the bonds), prin. & int., by endorsement. Tho notos aro
limited to $5,000,000 and aro callable as a wholo at par and int. O f the
$7,500,000 1st M . bonds. $6,000,000 are plcdgod to secure tho notes and
$1,500,000 aro available for rurthor capital outlays undor restrictions.
Also owns In fee 5 A acres o f laud in Memphis, subject to the mtge. thereon
o f tho Rock Island Memphis Terminal Rg. Co.— not an obligation o f the
bridge company— under which $4O0,O0() bonds aro hold by'O h. R. I. & 1 ac.
R y . (V . 99. p. 1833). V . 102, p. 711. 799. Pres W . S. M artin, 210
Union Station, Memphis.— (V . 102, p. 711, 799: V . 103, p. 3 1 9 .).
A S H L A N D C O A L & IR O N R Y .— (V . 99, p. 814.)
ATCHISON & EASTERN B R I D G E . — Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used by tho Atoh.
Top. A Santa Fe. the Ohio. R . I. & P .. the Mo. Pac. and the Chlo. Burl. A
Quincy. Stock. $700,000: par, $100 per share. Pres, and Treas., H . P .
Eells, Cleveland, O.— V . 67, p. 578.)
(T H E ) A T C H IS O N T O P E K A & S A N T A FE R Y .— (See M a p .)—
Systom July t 1916 comprised 11,271 miles of railroad and embraced
an unbroken line of track from Chicago, 111., via Kansas City, Mo., and A l
buquerque, N . M., to the Pacific Ocean: also to Galveston, T ex., and the
G u lf of Mexico. For operating purposes the 11,271 m. were divided as follow s.
Atchison T o p e k a * S. F ____ 8 , 6 4 7 . 8 7 1Gulf Colorado & Santa I 'e - - 1,937.59
20.221Panhandle & Santa F o------- 665.02
Rio Grande & El Paso..........
Aso controls, through ownership o f securities or purchase contract
other lines aggregating 161.33 miles, and, jointly with otlior cos., 606.52 m.
In April 1915 the St. Louis Rocky M t. & Pacific R y ., extending from Des
Moines, N . M ., west to Raton, with branches, 106 miles, was purchased for
$3,000,000 Rocky M tn . D lv. 1st M . 50-yr. 4s (secured on the road pur
chased). See V. 97. p. 363,442; V. 95, p. 543, 1771; V . 97, p. 666; V. 100.
P ‘ ln 1966 acquired control of Gulf Beaumont & Kansas City and Gulf Beau
mont & Great Northern, which are le.ased by G u lf Colorado * Santa Fe,
lessee also o f Cano Belt R R ., &c. V. 76. p. 751; V . 77. p. 1224. On July 1
1914 the G ulf & Inter-State, Concho San Saba & Llano Valley, Texas &
G u lf and tho Pecos & Northorn Texas south o f Sweetwater wore loased to
the Guld Colorado & Santa Fo R y.
Lindsay. C al.! to Porterville. Cal., 12 miles.
V. 104, p. 71: V .
r>EB., 1917.]
RAILWAY STOCKS AND BONDS
7
8
RAILWAY STOCKS AND BONDS
R A IL R O A D c o m p a n i e s .
[F or abbreviations, A t ., set notes on irst page.)
M iles Date
Road Bonds
A tc h iso n T o p ek a & S an ta Fe R y [C on.)—
Bonds 528,258,000 g conv com stk red(tex) a.xo*& r
Bds 543.686.000 g conv com stk red U exO G .xc'& r*
Hutchln & So 1st M g red 105 since 1908--OB.zo*
141
8an Fr & San Jo Val 1st M g call 110 aft 1915. Ba.zc
876
Santa Fo Pres & Phoenix— 1st M . ..............g Ba.zo*
195
Prescott & Eastern 1st M guar...... ................ C e.zc*
26
Cal-Ar L ls t& R e f M $50,000,000 g red 110.G.xc*&r‘
834
Athens Terminal Co— 1st M gold redeem 105.-N.xo*
837
A tl Blrm & A tl— A tl & B 1st M red 110____ OB.xc*
First & R e f M *15,000.000 g call (text).E q .yy c*& r*
634
In co m eM 5% n-c $5,200,000 call par & Int. C ol.y c*
638
A tla n ta & C h a rlo tte A ir L in e— Stock (see text) —
263
1st M *20,000.000 (*5,500,000serA4M ) C e.yc*& r*
263
Atlanta Knoxville & Northern Ry— See Louisville & N ashvlll
A tl & S t A nd Bay— 1st M *500,000 g red par____ c*
82
Second mtge (*500.000 authorized)........ .......... .....
82
Atlanta Terminal— First mtge $1,500,000 g__G.xo*&r
5.32
Atlanta & West Point— Stock $2,500,000 auth______
93
Atlantic City— First M tge $2,200,000 gold-.G u P .xc*
83
Atlantic City purchase money real estate m tge.Q Px
Sea Coast prior Hen mortgage gold_______________x
"66
1st Cons M $4,500,000 gold guar......................GPx
All
Atlantic Coast Line Co (Conn)— Stock (see t e x t)____
Certfs of lndebt tno non-cum $5.000,000..SBa.zr
do Class B red 105 after N ov 1920(V S9.pl666)z
do redeemable at parsince 1910....................... z
Atlantic Coast Line R R — Stock common (te x t)..........
Class " A ” com stock tax exempt (Rich & Pet certfs)
Preferred stock 5% (V . 75, p. 1252)........................
Coll tr M gold secured b y L & N stk red 105.xc*&r*
Unified m ortgage gold (closed)........ ...........xc*&r* 4,308
Gen Unified M ortgage_________________ Us.c*&r* 4.348
Do
series B ....................................U s.c*&r* 4.348
Par
Value
Rate
%
When
Payable
1909 S1.000&O *1.403,000
4g
1910 1,000 &c 12.732.000
Ig
1,000
1898
192.000
5g
1896
1,000
6.000,000
5g
1,000
1892
4.940.000
5g
1898
1.000
224.000
5g
* & £ 18.449,034
1912
W e
1907
1.000
200.000
5g
1904
1,000
4.090.000
5g
1915
None
1915
1.000
5,165,787
5g
100
1.700.000
9
1914 1,000 &c 16.009.000 4>S & 5
J
J
J
A
M
A
M
J
J
M
M
M
J
1908
1914
1903
1,000
1889
1900
1898
1901
1,000
1.000
A
J
J
J
M
A
A
J
1897
1900
1905
1902
1909
1914
1914
1,000
100
1,000
60
100 &c
100 &c
100 &c
100
100
100
1.000 &c
1,000
1.000 &c
Th e Oklahoma Central R R ., Lehigh, Okla., to Ohlckasha, 133 miles. Is
leased for 6 years from Aug. 1 1914, wlih privilege o f renewal for 5 years,
and an option to purchase the *1.500.000 stock and *1,500.000 income
bonds. V. 98. p. 1844; V. 99. p. 406; V. 101. p. 845.
O R G A N IZ A T IO N .— Organized Dec. 12 1895 under laws o f Kansas, as
successor o f Atch. T o p . & S. Fe R R . C o., foreclosed. V. 60. p. 658.
The railway company In July 1916 owned In fee 8.349.98 miles of systom,
and also all, or nearly all, the bonds and stocks of the other companies.
Has a Joint Interest with the Southern Pacific In the Northwestern Pacific.
STO C K .— The preferred stock has preference as to assets and non-oumu'
latlve dividends not exceeding 5% per ann., as declared by the board of d i
rectors out of net profits. N o other mtge. and no Increase In the pref. stock
can be made without consent of m ajority of all pref. outstanding and of all
com. stock represented at a meeting. The total auth. amount of pref. is
*131,486,000. Pref. stock certlfs. In "Supplement” o f April 1897, page 3.
In N o v . 1915 810,000.000 pref. stock was sold to large Investment inter
ests, making *124,173,700 outstanding. V . 101. p. 1806, 2143.
Th e shareholders Oct. 26 1916 .authorized the sale on account o f lmpts.
on the line o f the former Atlantic & Pacific R R . o f *4,800,000 pref. btock
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. H 910 to M a r. 1917
3 H 4 y r ly . 4 ^ 6
5
5 H 6% y r ly (lH % Q -M )
g ° m . ( % )...............0
Pref. ( % ) — ,.......... 4
5 5 yrly. 5 5
5
5
6% y rly (2 >5% F & A )
B ONDS.— The Gen. Mort. (Abstract V . 62. p. 731-739: see also V . 68.
p. 974; V . 86, p. 1098) gives a lien, either by direct mortgage or by collateral
trust, on 8,539.97 m . o f the system, with equip., terminals, &c.
Th e unissued Gen. M . 4s wore In 1914 rosorved as follows: T o retire 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. (Income) Mtge. a b stract, 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 adjustment 4s may 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 of 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 Lin e” first gold 4s of 1908 are limited to
$30,000,000 auth. Issue. The $17,000,000 sold In Aug. 1908 covered 693
miles then In operation; the remaining $13,000,000 can b Issued at $25,000
er mile. In Juno 1915 application was made to Issue *10.808.000 aditlonal. V . 100, p. 2008. Compare Issue 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. d . 2695; V. 80, p. 649; V. 81, p. 1174;
V. 82 p. 391, 867. O f the *26,056,000 58 Issued in 1907. convertible at par
to Juno 1 1913, *17,309,000 have been exchanged and *1,298,000 have boon
otherwise retired. Y . 84, p. 1051, 1112; V . 85, p. 97, 283, 529. The *28,258,000 4s o f 1909 are convertible into common stock at par to June 1 1918.
V . 88, p. 1435, 1559. The 4s o f 1910 are convertible Into com. stock at
par prior to June 1 1923. V. 90. P.913. 1043, 1612; V. 92, p. 393, 593, 1700.
Tho several Issues of convertibles must be secured by any future mtge.
covering the lines owned at time the convertible Issue was made, and may
be called at 110 on any Interest day, but when called may be converted
Into stock provided the time for conversion has not expired.
The Callfornla-Arlzona Lines 1st and Ref.m tge. of 1912 ($50,000,000 auth.
Issue, o f which *18,449,034 4>3s are outstanding covers 834 miles of
road, including the line from Needles to M o jave, 242 miles, which was
acquired from the Southern Pacific Co., on which there are outstanding
$4,127,500 Sou. Pao. bonds due N ov. 1 1937. The latter also cover over
1,000 miles of Sou. Pac. Co., which has agreed to Indemnify the Cal. Arlz.
& Santa Fe R y. against any claim on account thereof.
Of the remaining C al.-Arlz. bonds. *26,383,966 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 & Phoenix 5s, $224,000
Prescott & Eastern 5s and $3,000 on the line from Goffs to Ivanpah, Cal.,
45 miles. V . 94. p 649.696.766: V. 95. p. 543.
O f the Rocky 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 Rock
M th . & Pac. Co., Dos Moines to Raton, N .M ., &c., 106 miles. Th e remainder
m ay be Issued for extensions. V . 100. p. 1593; V . 102, p. 250.
S
L A T E S T E A R N IN G S .— (1916----- Gross, *77,507,625; net, *31,550,566
6 mos., July 1 to Dec. 31.(1915____ Gross, 66.979,778; net, *25,705.248
From July 1 to Dec. 31 taxes, &c., were *3,576,445 in 1916, against
*3,028,726 in 1915.
R E P O R T .— Annual meeting fourth Thursday In Octobor. Report for
year ending June 30 1916 was given in V. 103, p. 1206, 1223; edit., p. 1166.
1915-16.
1914-15.
1913-14.
11,247
11,115
10,909
Average miles operated________
Operating revenues......................... *133,762.392 *117665,587 $111,109,770
Operating expenses....................
83,730,960 76,091,553 73,469.334
Taxes.
.................................
6,251,439
5,522,633
5,525.585
Operating Income.............................*43,779,993 *36,051,401 *32,114,850
Other income.......................................
3,307,130
2.997,150
2,174.354
T o ta l income.................................... *47,087,123 *39,048,551 *34^289.204
Interest on bonds.......... .....................*12,529.733 *12,785,747 *12,886,412
Hire o f equipment, rentals, &c...........
2,047.334
2,199,391
1,283,034
Dividends on pref. stock (5 % )...........
6,208.685
5,708,686
5,708,690
Dividends on com. stock (6 % )........... 12,482,280 11,841,330 11.691,750
Additions and betterments................. 7,000,000
6,513,397
2,719,318
Balance, surplus....................... ..
*6,819,091
None
None
O F F IC E R S .— Chairman o f Board o f Directors, Walker D . ITines; E. P.
Ripley, President; D . L . Gallup, Comp.; C. K . Cooper, Asst. Treas.
Amount
Outstanding
425.000
6g
425.000
6
1.500.000
4g
2.463,600 6 In 1916
2.200.000
5g
75.000
4H
350.000
5g
1.851.000
4g
8.820.000 12 In ’ 15
6.000,000
5 cur
61,800
4
3.000.
000
4
67.558.000 5 In 1916
1.000.
5 0001916
in
196,700 5 In 1916
35.000,000
4 g
98.000
4g
17.579.000
4X
100.000
4
[V o l . 104.
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
& D June 1 1955
& D June 1 1960
& J Jan 1 1928
& O Oot 1 1940
A; s Sept 1 1942
& o Apr 1 1928
& s Mch 1 1962
& J July 1 1937
& J Jan 1 1934
& N N o v 1 1945
& S N o v 1 1930
A
s M a r 1917 4 ^ %
& J July 1 1944
5 Nassau Street, N Y
do
do
do
do
do
do
do
do
do
do
do
do
New York Trust Co, N Y
Old Colony Trust Co, Bo»
& o Oct 11938
& J J u n e l1940
& D July 1 1953
& J Jan 2 1917 3%
& N May 1 1919
& O Apr 11930
A O Apr 11948
A J July 1 1951
Q!— M Doc 11 ’ 16 3%
J & D Irredeemable
A J
■
J
J
&
J Jan 1 1925
J & J Jan ’ 10 19173J4
J A
J Jan ’ 10 1917 2
M & N N o vlO 1916 2H
M & N Oct 11952
J & D Deo 11959
J & D June 1 1964
J & D June 1 1961
Columbia Trust C o, N Y
U S M tge & T r Co. N v
Central Trust C o, N Y
AtlantaCenBk&Tr Corp
Guaranty Trust Co, N Y
Atlanta, Ga
Reading Terminal, Phila
do
do
do
do
do
do
Baltmore
Dec 1916 paid 2 H %
Jan 1917 paid 2%
Jan 1917 paid 2%
Treas Office. W llm , N O
do
do
do
do
J P Morgan & Co, N Y
United States T r Co. N Y
do
do
do
do
Directors.— Charles Steele, Edward J. Berwind, A .D . Jullllard, I I . Rleman Duval, W alker D . Hines, Henry S. Pritchett, Ogden L . M ills, N . Y .;
T . D e W itt Cuyler, Phila.; B . P. Cheney. Boston; Hom er A . Stillwell,
Edward P . R ip ley, Chicago: Andrew C . Jobes, M errlam , Kan.; Howel
Jones. Charles S. Gleed, Topeka: I I . C . Frick, Pittsburgh. O ffice, 5
Nassau St., N . Y . — (V . 103, p. 60, 937, 1206, 1223, 2155; V . 104, p. 71.)
ATH ENS T E R M IN A L CO.— Owns freight terminals and approaches In
Athens, Ga. Stock $25,000, equally owned by Seaboard A ir Lino and
Gainesville Midland, which agree to pay operating expenses and Interest
charges In proportion to tonnage use. Bonds ($250,000 auth, Issue), see
table above. Pres.. W . R . Boaunrle, Gainesville, Ga.; Sec. & Treas.,
Gordon C . Carson, N ew Y ork C ity.
A T L A N T A B IR M IN G H AM & A T L A N T IC R Y .— Owns Brunswick, Ga.;
to Birmingham, A la., 453 miles; Sessoms to Waycross, Ga., 25 miles;
Fitzgerald to Thomasville, Ga.. 81 m.; Atlanta to Manchester. 78 m .,
total. 638 m. See V. 103. p. 405.
Result o f Federal Valuation, V. 103, p. 1887.
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. Co.. Georgia Terminal Co. 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
by a syndicate headed by Hayden, Stono & Co., to provide *3,600,000 for
discharge o f all equipment obligations (about *1,266,366), also judgments,
tax loans, &c. V . 102, p. 344, 885.
B O N D S .— First and Refunding Bonds.— When Issued will be a first
mortgage on 300 miles o f main-line track and second mortgage on
337 miles, and upon tho terminal properties In Birmingham and A tlanta.
T o be Issued only (a) to retire, at or before maturity, Atlantic & Birming
ham R y . *4,090,060 1st 5s due 1934. (5) For future Improvements, ex
tensions and acquisitions under restrictions. Nono o f those fixed interest
bonds had been issued to Dec. 31 1916. Interest rate to be fixed at time o f
issue, not to exceed 6 % . V . 103, p. 405. Callable at 110 & int. N o v . 1920
to 1925; at 105 & int. 1925 to 1935, and thereafter at 102^.
Fifteen-Year 5% Income Bonds.— T o bear non-cum. interest payable annu
ally or semi-ann. at such rate, not exceeding 5% p. a., as may be deslared.
(V . 101, p. 2143).
The mortgage provides that net Income, as de
fined by tbe I.-S. Comm. Commission, as available for that purpose, shall
be so declared by tho Board. Tho board may, however, reserve in
any year from such “ net Income" not In excess o f 20% thoreof,
(but not to exceed *100,000 In any year), until the total amount so reserved,
exclusive o f Interest, shall reach *300,000. This “ Income Bond Reserve
Fund,” carrying interest at 6% . may be distributed to tho Income bonds
at any time and In any amount, and any balance at the maturity o f the
bonds shall be paid over to the trustee for the benefit o f the bondholders.
Tho first Installment o f interest on tho 15-yr. 5% income M . bonds at
the fu ll rate o f 5% per annum, from N o v . 1 1915 to June 30 1916, *33 33
per *1,000 bonds was paid Sept. 1 1916, but only a s t o 2 M % from earnings,
tho new company not having taken possession till Jan. 1 1916. V . 103,p.064.
On M ar. 1 1917 2 H % (s.-a.) will bo paid on tho incomes. V. 104, p. 663.
As to Atlanta & Birm. R y . *4,090,000 1st M . 5s, soo V . 80, p. 710, 115.
E A R N IN G S .— 6 mos., /1916_______ Gross, *1,861,175; not, *446,097
July 1 to Dec. 31.
(1915............Gross,
1,573,212; not. 263,044
R E P O R T .— For years ending Juno 30 1916 in V . 103, p. 1683, showing:
June 30
Cross
N et, after
Other
Interest,
Balance,
Year—
Earnings.
Taxes.
Income. Rents, etc. Surplus.
1915-16-------------- *3,051,877 *439.091 *66,599 *345,984sur.*159,706
1914-15___________ 2,656.483
133,803
57.716
......
.....
Th e "interest, rentals, & c.,” Include: Rentals, & c., *18,384, and interost
on bonds includo part interest on incomes paid Sept. 1 1916.
The estimated expenditures for years 1916 to 1918 for lmpts.. ballast, 35
miles new 80-lb. rail, &c., aggregate *601,434, viz.: 1916, *193,000: 1 9 1 7 .
*353,434; 1918, *55,000.
Directors: E. T . Lam b, F . K . M ays, Brooks M organ, J. K . O ttlcy and
M ell. R. Wilkinson o f Atlanta; A . I I . W oodward, Birmingham, Ala.;
Galen L . Stono and Charles F. A yer, Boston; Percy R . I’ ync, Geo. C.
Clark Jr. and Howard Bayne, N . Y . C ity; E. IC. Farmer, Fitzorgaid, Ga.F. D . M . Strachan, Brunswick, Ga.; Elijah B . Lewis, Montezuma. Ga.:
W . C. Vereen, M oultrie, Ga.
Pres., E. T . Lamb; V .-P ., Brooks M organ; Sec. & Treas., tf. K . M a ys.—
(V . 102, p. 1346, 1986; V . 103, p. 405, 664, 1508, 1520, 1683, 1887; V. 104.
p. 162.)
A T L A N T A & C H AR LO TTE A IR L IN E R Y .— (See M ap Southern Railway
System.)— Owns Charlotte, N . O.. to Armour, Ga., 263 miles.
Th e stockholders on June 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
tho Richmond & Danville R R . under which tho dividend to bo paid will be
9% yearly without regard to earnings, instead o f a maximum o f 7% , de
pendent upon gross earnings, the Southern R y . to havo an option to pur
chase the stock on any dividend dato at *250 por share in cash. 8oe V. 98.
p. 1458.1765.1918: V. 98. p. 1991; V. 99, p. 195. 536. 608. The *3,500.000
Ser. B 5s were issued in July 1915 and *7,000,000 Ser. O. 5s In March 1916
for double-tracking or Improving a part o f tho line. In March 1916 it was
expected the work would oxtend over about two years. 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 a r. ’ 14. Since.
Per cent, i 5 yearly.
5>$
6 yearly.
7 yearly.
9 yrly.
Y ear ending June 30 1916, gross, *5,751,748; not, after taxes, *2,569.698:
other income. *17,182; int., &c., *1.461,873; divs. (9 % ), *153.000; addi
tions. &c.. *1.129; bal., sur., *970.878.
Pres., C. S. Fairchild, N . Y .— (V . 103, p. 406, 577, 664.)
F e b ., 1917.
RAILWAY SHOCKS AND BONDS
R A IL R O A D C O M P A N IE S .
[F or abbreviations, A c., see notes on first page.]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
$100 Ac
100 &o
1,000
1,000
$4,482,935
135,100
225.000
1.250,000
Rate
%
9
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Atl Coast Line RR (Concl) —
...
---—.
----
1909
1902
1907
1911
* 3.941
:c
102
•
696
z
69]
do
z
69
•
27
•
479
7
.
91
•
110
•
110
r
544
•
111
c
167
0
174
•
244
x
145
Sll Sp O A G 1st M gold (Ocala to In v A br) -Eq.xc'*
64
Atlantic & Dan v— 1st M S4.425.000 g lnt ren t.-B axc'•
278
Second mort 51,525.000 gold lnt rental
Eq.xo’
*
278
Atlantic & North Carolina— Stock $1,800,000.
___
a
95
<
1S7
*
24
a
53
c, 82
X
___
1902
188.3
1898
1881
1881
1890
1885
1897
1889
1896
1884
1886
1888
1888
1895
1894
1888
1900
1904
do
Bonds to be Refunded bg General Unified Bonds—
tr
-Z
3*
IX
M
M
M
J
&
&
A
A
1,000 Ac 51.326.750
4g
M
1.000
J
657,000
6g
1.000
5,547.000
J
4 e
1.000
868,000
J
5g
1,000
800.000
6 g
A
1.000
4H p A
300,000
1,000
4.000.000 4 g A 5 g J
1.000
106,000
4 tr F
1.000
1,314.000
5g
A
1,000
J
400,000
5g
1.000
6,500,000 5 g A 6 g A
1.000
1.500.000
J
7g
500 Ac
J
1.407,000
4g
1.000
2,800,000
5 g
M
1.000
2.418,000
4g
J
1,000
275.000
J
4g
1.000
J
492.000
4g
1,000
4%
J
3.925.000
1.000
4g
1,525,000
J
100
1.797,200 3 In 1916 J
1887
1.000
325,000
J
6
£ A $100
5.484.000
6
M
1912
500 Ac
30.3,000
M
5g
100
1.022.900
J
5
1894 ,
400.000
5 g
J
1*000
1903 1,000 Ac
225.000
J
4 g
A
A
(*
8
*
A
A
A
A
&
&
__
__
A T L A N T A & ST. A N D R E W S B A Y R Y .— Owns from Dothan, A la., to
Panama City, Fla., on St. Andrews Bay, Gulf of Mexico, 82 miles; opened
15^190.8-, S toc,k authorized, 51.000,000; outstanding. 5300.000; par
100- .? n ? tr,aL.na ul{ & Tru^ Gorp. o f Atlanta, trustee o f 1st M . V .
S’. P ’,,?391’
y : 83, p *
V. 83, p. 270. For year ending June 30
1915-16, gross, $213,477; net, $55,718; 1914-15, gross. $177,143; not, $29,981
p res. Asa G. Candler, Atlanta, Ga.; Troas., Walter T . Candler.— (V . 98
p. 1535; V . 101, p. 526.)
A T L A N T A T E R M IN A L CO.— Owns union passenger station opened
May 14 1905, with approaches, used by Southern R y., Central of Georgia
R y ., Atlanta & W est Point R R . and Atlanta Birmingham & Atlantic R y .
Stock, $150,000, owned in equal proportions by the first three companies
named, charges and expenses being paid by the four using companies on car
basis. V . 76, p. 593, 1394: V . 77. p. 699; V. 88. p. 1196.
A T L A N T A & W E ST PO IN T R R .— Atlanta. Ga., to W est Point. Ga..
93.19 m. Georgia R R , Moh. 31 1910 owned 5936,100 stock, but sold same
In 1910-11 to the lessees at 5135 Dershare, with the option of purchase at
•amo price on expiration o f lease.
D IV ID E N D S .— From July 1 1884 to July 1901, Inclusive. 6% yearly
J. & J.; Oct. 1 1899, 25% extra; 1902 to Jan. 1917, 6% yearly.
In 1915-16, gross, $1,367,285; net, after taxos. $288,270; other income
*178,704; charges, $177,339; dlvs. (6 % ) $147,816; sur.. $ 1 4 i,8 1 9 ;~ (V 93
p. 1104.)
A T L A N T IC C IT Y RR .— Camden to Atlantic City.58.35miles-branches
Winslow Junction to Cape May. N . J., 55.80 miles:
Wllllomstown.
22.67 miles-Gloucester, 10.85 miles; Sea Isle City, 12.35 miles- Ocean
City, 10.16?miles; total.170.18 miles. V .7 2 . p.1278. S T O C K , common
52,625.000; p re f„ 51.000,000 (par. 550). Reading Co. owns over 99% of
stock, and guarantees consol. 4s. prln. and lnt.
Form of guaranty V
75. p. 1398.
Of the latter. 52,649,000 are reserved to retire prior’lien
bonds. See V . 73, p. 81.
There arc also outstanding 522,800 Sea Coast
R R . series A 5s and 51.200 series B 5s.
‘ *
E A R N IN G S .— 5 mos. (1916........ ..G ross. $1,513,851; not, $490,797
Y ear “ 1 2JS
'”
r
T?.I-.3 9 ,«1 i 19i £ v V o Vvv
n ,‘
_J-294„-P56:. net, *365,477
*64,:
*237
*310
A T L A N T I C C O A S T L IN E C O.— Organized M a y 29 1899 In Connecticut
and owned Juno 30 1916818,590,600 common stock and a largo amount o f
bonds o f Atlantic Coast Line R R .— see below and V. 103, p. 1504.
S T O C K .— The stockholders voted February 20 1914 to redueo the
stock from $17,640,000 to $8,820,000. effective as o f M a r. 10 the stock
holders receiving an equal number o f now $50 shares in place o f tho old
*100 shares, also out o f assets $100 Atlantic Coast Line R R s. common stock
for each $50 stock surrendered— seo below. V. 98. p. 234 609
As to the certificates of Indebtedness, see editorial Oct ’ l897- Sunnlement. p. 3: V . 65. p 564: V . 71. p. 1310. In 1898 55 000 000 stock was
distributed as a 100% dividend (V . 67, p. 954), and In 1900 510 000 000 4%
certificates of Indebtedness (including 52,500.000 of Atlantic C oist Line
R R . Co.) as a 100% dividend. (V . 71. p. 697; V 73 n 493 ) As to
ourlttes pledged to sccuro equally the certificates of indebtedness sen v
17. p. 1310; V. 83. p. 560. Bal. sheet 1914? V ? 99, p. 1127.
’
V’
n tv ? % }bk
°
s3’ 8
s4' 9 10 10
a5’ in6’ in7’ 8 ’9?’ 10 ’10 - ’ 12 y rly oc- Q -M )
«8, 9 ’, 10- n
12to D (3 1916.
D IV S — v J6H 8
R E P O R T .— For year ending Juno 30 1916, In V 103 n 1504 showedReceipts, dividends. $947,079; and interest, $436 606- total
3«Tfi85
(against $1,411,416 In 1914-15) ; m iscollancourprofits $27 625- expenses
and taxes, $35,789: Interest chargo, $372,622; dividends (12% ) $1 05E 400’
bal., def., $55,501; total surplus, $13,176,825.
'
ai.uoa.auu,
Chairman Henry Walters.— (V.99, p.1127; V.101, p,136S; V.103, p.1504.)
A T L A N T IC COAST LIN E R R .— (S f6 M a p .)— Operates from Richmond
and Norfolk, Va., on the north, to Fort Myers. Port Tampa and River Jot.,
Fla., on the south, and Montgomery . A la., and Augusta, Ga., on tho west,
reaching the ports of Norfolk, Va.j Wilmington, N . C.; Charleston, S. C.Savannah and Brunswick, Ga., and Jacksonville and Port Tampa, Fla
Lines owned and trackage— Miles
Lines owned. &c. (C on.)— M iles.
Richmond, Va., to Port Tampa,
Sylvan Lake near Sanford to
907
F l a ...... ............
St. Petersburg, Fla_________
145
Norfolk, Va., to South Rocky
Pa atka, Fla., to B rooksvllle.. 145
Mount_____ _____
H 5 Milldalc. Fla,, to Perry
163
Contentnea to Wilmington
105 Branches, A c............
1.826
Wilmington, N . C.. to Pee Dee
Leased—
J u n c tio n ........ ...............
07 Central R R . of So. Carolina—
Florence, S. C., to Augusta, Ga* 167
Lane to Sumter S. C .
40
Sumter to C olu m b ia... .
. 45 Other lines.................................
12
Yadkin Jet. (Wilmington. N.C.)
to Sanford______ _______
H«
Total In earns. June 30 1916.4,790
Waycross, Ga., to Folkston, Ga.
.34 Closely allied lines (see each co.) —
/esup, Ga., to Montgomery. Ala. 355 Louis. & Nash. (lncl. Ga. R R .) 7,642
Brunswick, Ga., to Albany____ 159 Charleston & Western Carolina. 313
Dupont Jot. to Fort Myers. F la. . 349 Northwestern R R .o f So. Car
. —
81
Also owns on^slxth Interest In the Richmond-Washington Co. Leases"
jointly with the Louisville A Nashville RR.. the Georgia R R .. 571 miles.
in Aug. 1916 a contract was awarded for an extension o f tho Iialnes C ity
branch from Sobring, Fla., south to Immokalee, 80 miles, w ith a branch
to Moorehaven, 20 miles. V. 10.3, p. 577.
O R G A N IZ A T IO N .— On April 18 1900 absorbed by consolidation (V . 70
£>. 840, 893), Wilmington A Weldon R R „ Atlantlo Coast Line RRs. of S. C.
and Va. and N o rf. A Car. R R . 1 lorlda Southern and Sanford A St. Peters,
burg were merged April 1903. V . 76. p. 918. 971. The Atlantlo Coast
^•no Co /of con n .) June 30 1916 owned $18,590,600 common siock*17,640,000 having been distributed M ar. 10 1914a mong Its stockholders
See that co. above. V. 70, p. 893; V. 71, p. 1116, 1310: V. 83. p. 560.
Sav. Florida A Western R y. was merged In 1902. V. 74, p. 774 829
In Oct. 1902 acquired 530,600.000 of the 500.000,000 Louisville A Nash
ville R R . stock for 510.000.000 cash. $35,000,000 In 4% collat. tr. bonds
4
4
4g
4h g
N N ov 11939
N Irredeemable
s Mch 1 1917
D
s
J
J
j
O
O
J
A
O
j
a
O
A j
j
A
&
N
&
J
& J
&
J
&
J
&
J.
&
J.
A J.
A S1
A N
A J.
A D
A JJ
7 1 1952
1 1933
7 1 1948
7 1 1928
1 1928
: 1 1940
7 1 1935
C 1 1947
- 1 1939
1 1946
■ 1 1934
1 1936
1 1938
r 1 1928
1 1945
1 1924
r 1 1918
r 1 1948
’ 1 1948
1 1917 1H
’ 1 1917
• 1917 3%
’ 1 1952
6 1917 2 H
1 1924
- 1 1953
Safe Dep A T r Co, Balto
Treas Office. W ilm . N O
U S T r C o . N Y . & Balto
do
do
United States T r Co, N Y
United States T r Co, N Y
Safe Dep A Tr Co, Balto
Meroh N at Bk. Rich’d,Va
do
do
Brown Brothers, N Y
First Nat Bk. N Y . ABalt
Safe Dep A T r Co. Balt
Central Trust Co, N Y
Safe Dep A Tr Co. Balt
United States T r Co. N Y
do
do
do
do
Metropolitan T r Co. N Y
United States T r Co. N Y
do
do
do
do
Bankers Trust Co, N Y
Equitable Trust Co
Check from Co’s Office
Nat Mechanics’ Bk, Balt
London and Portland
Fidelity T r Co. Balt
Savannah. Ga
J P Morgan A Co. N Y
Safe Dep A Trust Co.Balt
^ 7 3 ¥ ’ 792’°905®tVC 79nd ,D r913 acqulred *
k
*6.120,000 additional. V . 75.
S T O C K .— A tl’. Coast Line of Va. class A (Rich. A Pet. ctfs.) tax-exempt
nock was assumed as so much of the com. stock of the new company.
D IV S . ( % ) — ’03-’0 5 .’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12-’ 14. ’ 15.’ 16- 1917
Oom.dncl.Cl.A.) o5 y ’ rly 6
6 65 W 514 6
6
7 yrly
5
5 3H
In Jan. 1916 Increased semi-annual divldond to 3 V i% - V . 103, p. 1980.
. A l s o in 1905 20% In com. stock scrip and 5% in A tlantic Coast Line Oo.
4% certificates o f indebtedness. V . 81, p. 1558. ft Includes 3% paid In
Jan. in Atlantic Coast Line R R . 4% certificates o f Indebtedness.
B O N D S .— In A pril 1914 the 4% Unified M ortgage o f 1909 was closed and
a new $200,000,000 General Unified M ortgage was made permitting (unlike
the mortgage o f 1909) the issuing o f bonds in series at various rates or Interest
The old Unified 4s held by the R R .C o . and the Atlantic Coast Line Co.
($21,330,000 and $3,008,000) were exchanged at once for new Series A
4zss, $ for $. and a similar exchange was offered till June 1 1916 to the
*187.000 old unified 4s held by the public. V. 98. p. 761,1070,1154.1243:
V . 100. p. 1916. Listing, see V . 103, p. 2237.
Purposes fo r which the $200,000,000 General Unified Bonds were or are issuable
Issuable as Ser. A 4 K s to refund $30,749,484 Unified 4s.......... $30,749,484
Reserved to retire 4% certifs. o f Indebtedness, pref. stock and
debenture bonds____________ _____ ___________________________
4,963.960
Reserved to retire underlying bonds........................... ................ 84.438.750
Reserved (along with any bonds not Issued to retire certificates
o f Indebtedness) for future construction. Improvements. & c ._ 79.749.806
V. 98. p. 761, 1070 1154. 1243; V. 100, p. 1508.
The 4% convertible debentures are redeemable (after M ay 1 1916) at
105 and convertible at the option of tho holder Into common stock at 5135
a share at any time up to Jan. 1920. or. if called, up to 30 days o f date.
V . 97, p 1513.
As to the 535.000.000 collateral trust 4s of 1902, see “ Organization”
above. They are subject to call at 105 In amounts not less than 5100,000.
There were outstanding Jan. 15 1917 515,000 Bruns. & W est. Incomes.
The Washington A Vandemere 4H s (51,500,000 authorized, of which
$720,000 outstanding) are guar., p. & 1.. by endorsement. V . 84, p. 1246.
As to Winston-Salem South Bound R R . guar. 4s, see that company.
F IN A N C E S .— Th e dividend rates o f the company and o f the Louisville
& Nashville were reduced from 7% to 5% in 1915, but restored to 7% in
1916-17. Bonded debt per mile June 30 1916, $27,210.
R E S U L T S .— 6 mos., (1916............. Gross. $18,284,960; net, $5,153,912
July 1 to Dec. 31.
U 9 1 5 --......... Gross, 15.407,985; net. 3.586.484
R E P O R T .— For fiscal year ending Juno 30 1916, in V . 103, p. 1977.1992.
„
1915-16.
1914-15.
1913-14.
Gross receipts.................................... $34,445,110 $31,536,475 $36,832,780
Operating expenses, taxes, &c............ 24,606,305 24,507,361 27,782.887
N ot receipts from tra ffic_______ .. $9,838,805 $7,029,114 $9,049,893
Other income______________________ .. 1.770.075
1,468.747
1,485,642
Dividend on L . & N . stock_______ . (ft)2203200 5)1,836.000 (7)2,570,400
T otal net receipts.......................
Interest on bonded debt, & c______
ln t. on certificates o f indebtedness.
Rentals and miscellaneous............
Dividend on preferred stock (5 % ).
Dividends on common stock______
Dividends on R . & P. “ A ” stock___
.$13,812,089 $10,333,861 $13,105,935
5,811,210 $5,676,358 $5,548,708
.
5.446
5.466
9,711
.
366,531
351,101
218,508
Q
Q
Q Q9*
."(5)3,377,900 (5)3,377,900 (7)4.729.032
.
(5)50,000
(5)50.000
(7)70,000
Balanco, surplus............................. $4,161,158
*863,201
$2,520,051
O F F IC E R S .— Chairman, Henry Walters: Pres., J. R . Keniy; 3d V .-P .,
Lym an Delano; 4th V.-Pres., R . A . Brand; Gen. M g r., P. R . Albright)
Sec., Horbert L . Borden; Treas., James F. Post.— (V . 103. p. 1992, 2237.
A T L A N T IC & D A N V IL L E R Y .— (See M ap Southern R y .)— West N or
folk to Danville, Va., 205.1 miles; three branches, 22.25 miles; James R iver
Jot. to C aremont (3-ft. gauge), 50.36 m.; total. 277 m. Leased to Southern
R y . from Sept. 1 1899 to July 1 1949 for taxes, repairs, malnt. and cash
rental sufficient to cover lnt. charges, with privilege of renewals for terms o f
99 years. In addition the Southern R y . agrees to pay the same rate of divi
dends on com. stock as paid on Its own com. stock. V.71.p.447: V.79.p.625
Suit to enforce provisions o f lease, V . 95, p. 1606.
BONDS.— Of the $4,425,000 4s of 1900. $500,000 can be Issued only for
Improvements upon request of Southern R y ., Interest charges to be covered
by Increased rental. O f t e $1,525,000 second 4s, the remaining $750,000
were Issued July 1 1909. V . 77. p. 195.— (V . 89. p. 1410: V . 95. p. 1606.)
A T L A N T IC & NORTH C A R O L IN A R R .— Morehead City to Goldsboro.
N .O . . 95 miles. State o f N o. Car. N o v. 1913 owned $1,266,600 o f $1,797.
200 stk. E. O. Duncan, Pres. Merchants’ N at. Bk.. Raleigh, and a director
o f Norfolk Southern R R .. who in April 1913 had acquired about $270,000
o f tho private holdings at $75 per share, also offered the same for the State's
holdings. V. 96. p. 862. 1088. Leased from Sept. 1904 to Jan. 1 1996 to
Atlantic & North Carolina Co. (the lease being later transferred to Norfolk
Southern R R .) for int. on bonds, taxes. A c., and dlvs. at 3% for 20 years,
ncreasing \ % every 10 years till 5% is reached; thereafter, 6% .
4
D IV S .— ’93. ’94. ’95. ’96. ’97.
2
0
2
2
Per cent----- 2
V . 83, p. 1522: V . 96, p. 862, 1088.)
'98.
2
'99.
2
1900-04.
0
Underlease
as above.
A T L A N T I C & W E S T E R N R R .— Sanford to Lllllngton, N . C .. 24 m.
H . C. Iluffor Jr. controls the company. V . 94, p. 1249. Stock, $312,000;
par, $100. Bonds issuable at $12,000 per mile. Seo table above. For
year 1915-16, gross. $50,223; net. $20,278; charges, $18,919; bal., sur.,
$1,359. In 1914-15, gross, $45,919: net. $16,546; bal., def., $2,007.
’ res., II. C . Huffer Jr., Baltimore, M d .; Sec. & Treas., W m . C . Cooke.—
(V . 94. p. 1249; V. 95, p. 1038.)
10
R A IL R O A D C O M P A N IE S
[F or abbreviations, & c., see notes on first page]
Austin & N W — See Houston & Texas Central
Avon Geneseo & Mt Morris RR — Stock (see t e x t ). . . .
Baltimore Chesapeake & Atlantic— 1st M gold.M p.zo*
Equipment trusts-------------------------- -— ----- - - - B a lt & Cum b V a il R y — See Western M aryland R y
B St C V RR Exten— Stock gu (*270.000 carries 7% ) First mortgage Interest rental . . . ....................MelJa
B alt & H a rrisbu rg R y — See Western M aryland R y
Baltimore & Ohio— Common stock $210,2o0,000........
Pref stock 4% non-cum authorized *00.000.000----P rio r Lien m tgc 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*&r
Pitts Juno A Mid D lv *20.000.000 1st M g.C c.xc* Ar
P L E A W V S y s ret g red 100 after 1925.Un.xo* Ar
Convertible bonds redeemable (te x t)----- C e.xc*A r*
Ref& G enM Ser A g (call, all 105 b e g ’25)yG .c*& r*
Clnc-Tol D iv 1st M $35,000,000 A f call 102)4 -Equl pbdsdue* 1,000.000 y ly g gu ( V94p349) QPxo*&r
do due S I.000.000 yrly (V 97. p 80 2)-O P .xc*
do due $500,000 yrly call 102)4............ G Pc*
To Underlie Cin < Toledo D iv. Mortgage—
&
Dayton & Michigan com stock (3)4 % g u a r ) ---Preferred (8% guaranteed) endorsed........ ......
Bonds Underlying Pills June & M id Div M 'Skis—
Olev Lor A Wheel cons M (now 1st) gold.Usm .xc
Miles
Date
Road Bonds
17.7
88
27
1,077
1,658
921
379
1.643
4,494
_
59
59
141
143
6
6
ginia
198
198
198
83
36
72
Pitts.
Amount
Outstanding
Par
Value
Rate
%
1894
1912
$100
1,000
1.000
$225,000
1,250.000
40.000
8)4
5 ft
5 ft
1881
50
1.000
390.600
230.000
6 A 7
6
1898
1898
1899
1898
1901
1913
1915
1916
1912
1913
1916
1887
1892
1871
1871
1881
When
Payable
J A
M A
M &
J
J
A
6a
Last Dividend
and Maturity
Dividends are Payable
J Jan. 1 1917 1 *
s Sept 1 1934
s S0Dt 1 1917
J Jan. 11917
J July 1 1931
100 151,945,593 5 In 1916 M A S M ar 1 1917 2)4
do
do
100 58.863,182 4 In 1916 M A s M ar l 1917 2%
do
do
500 Ac 74,895.400
3)4 g J A J July 1 1925
!1
do
do
A A Oil July 1 1948
4g
500 Ac 79,976.000
1 St
1
offlo
500 Ac 44,840.980
3)4 e J A Jli July 1 1925
do
do
N ov 11925
C
3H g
500 Ac 66,055.950
do
do
M A N N ov 11941
4«
1,000 42,525,000
do
do
S Mch 1 1933
600 &c 63,250.000
4)4 g M A
do
do
J & D Dec 1 1995
5g
60,000,000
Semi-an 1959
Seo text
4
d Trust C o, Phlla
5.000.000
4 K e F A A T o Feb 1 1922
1,000
do
do
A Sc O T o April 1 1923
1,000 6.965.000
4)4
M & N M a y 1917 to ’26 Now Y ork
4)4
1.000 5,000,000
1,000
1,000
50
60
1,000
2,000,000
3,000,000
2,396,950
1,211,250
2,728,000
4)4 g J & J Jan 1 1937
All coups paid Juno 191&
J & D Juno 1 1942
5g
A & O Apr l 1917, I K Cincinnati, Ohio
3)4
do
8
J— J Jan 1 1917, 2%
J P M organ & Co, N Y
J & J Jan 1 1931
4)4
Office, 2 W all St. N T
4)4 g M A s Sept 1 1930
do
do
J A J July 1 1922
62
do
do
J A J July 1 1922
5 ft
1,000 1,009.000
1886
o934,000
1.00C
1882
0243,000
1,000
1894
4s—
5 ft
1,000 5.000,000
1893
890,000
6 ft
1.01X
1896
894,000
1,00(
4)4 g
1900
3.301,000
4 ft
1.00(
1895
695.000
5g
1,00(
1889
225.000
5g
l.00(
1900
e Coups.
L . E. A W .V a Sys. 4s.
A U d U S T A & S A V A N N A H R R .— Mlllen to Augusta. Ga.. 53 miles. I r
1895 re-leased to Cent, of Ga. for 101 yrs. at 5% on stock.— (V . b l. p. 239.)
A U G U STA SOUTHERN R R . — O w n s from Augusta to Tenullle. Ga.. 825
miles. The Southern Ry. in Jan. 1901 acquired about four-fifths of stock
V . 73. p. 343. Com. stock. *400.000; pref., *350,000; par. *100. Year
ending June 30 1916. gross. $173,417; not, after taxes-and uncollectible
railway revenue, $38,629; other income, $11,686; int. and rentals. $42,593;
bal.. sur., $7,722.— (V . 80. p. 2219. 2456.)
A U G U STA U NION STATION CO.— Owns union passenger station at
Augusta. Ga., used by all roads entering the city, the latter under then
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 Line R R . and lessees o f Georgia R R . V. 78, p. 2333: V . 79, p. 500.
Pres., Chas. A . Wlckersham; Sec., W . H . Vincent. — (V . 82, p. 48.)
A N T O F O G A S T A (C H IL E ) & B O L IV IA R Y .— In Sopt. 1916 $3,000.
000-2-year 6% notes were purchased by N . Y . bankers. V. 103, p. 843.
AVON GENESEO & MT. M ORRIS R R .— M t.M orris to A von. 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.)
B A LT IM O R E C H E S A PE A K E & A T L A N T IC R Y — Owns Claiborne to
Ocean C ity. M d ., 87.0« 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 o f all, 1,221.61 miles. Tb e Penna. and allied cos.own all
the $1,000,000 common and 95% of the S1.5U0.000 5% cum. prof, stock.
V . 92. p. .'2 . 593. D lv. on pref., 2% M ar. 1 1905; in 1906, M a r., 3% :
O ct.. 2% : In 1907, M ar.. 3% ; Sept., 2% ; In 1908. Oct., 2 % ; 1910, Jan.. 5% ;
Sept.. 2% ; 1911, Jan. 31. 3% ; M ar. 31, 2% ; Oct. 2. 3% ; 1912. July 1,
2 > ( %* none since to Oct. 1 1916.
.
.
,
The stockholders voted on Jan. 26 1905 to acquire a m ajority of the stock
o f the M aryland Delaware & Virginia R y ., extending from Lave Point,
M d., to Lewes, Del., with branches, a total of 77 m., and guarantee *2,000.000 of Its first mtge. bonds. See that co., V . 80, p. 116, 1058
In cal. year 1916. gross, ,$1,232,020: net, $1,174,518; other Income, $11,
514; chges., $262,215; def. $76,183.— V. 102, p. 1539.)
B A L T IM O R E & C U M B E R L A N D V A L L E Y ,— SeoWestern M aryland R y .
B A LT IM O R E & C U M B E R LA N D V A L L E Y R R . EX TE N S IO N — W aynes
boro to Shlppensburg. Pa.. 26.o2 miles. Leased to Western Maryland R R
tor 50 years from July 1 1881, with privilege of renewal, for lnt. on bond8
and dividend on stock, amounting In all to 538.730.— (V . 75. p. 665.)
B A L T IM O R E & H A R R IS B U R G R Y .— See Western M aryland R y .
B A LT IM O R E & OHIO R R .— [See M a p .)— R O A D .— Operates from Balti
more to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis;
total mileage leased, owned and operated In July 1915, 4,535 miles. "R o y a l
Blue Line” (see Central R R . of N . J.) gives access to New York.
The system embraces, subject to mortgages, the following lines:
Pr.lten 3 )4 % M .— (1,077m.)M iles.|Pittsburgh & Western----------- 214
Balt.to Wheeling. Belpre.O., Ao.*7401 xPittsb. Cleveland A Tol. B r . .
48
Cumb. to PIttsb. & W ., A c ____ 33l|xPittsb. Painesv. & Fair. B r . .
50
xEastern Ohio B r......................
17
1st Mtge. 4 % — (581 miles)—
9
Balt, to Phlla. and branches—
132 xTrumbull A Mahoning________
36
Chicago, III., to Akron, O h io .. 364 Monongahela River B r..............
83
Branches to F airm ont,W .Va.,A o. 85 xClev. Terminal & V alley------xCleve. Lorain & Wheeling B r—
South W . D lv. 3 H % M .—
Wheeling to Cleveland, A o ._ 198
Belpre, 0 .,v la Clno. to S t.L ..A c. 921
xOhlo River Lines—
264
Pitts. Jet. 3 )4% A f.— (379 miles)
West Virginia Short Line B r—
62
Bellalre to Midland City, Ohio!
72
Shawnee to Sandusky, O h io../ 373 xOhlo A Little Kanawha B r —
43
Pittsburgh Junction R R ..........
6 xMahonlng Valley Western B r .
P .L .E .& W .V .S ysA % M .(*\,0 \3 m .)
West Virginia & Pittsburgh
177 Total of all (adding other lines
incl. in Income acct_________ 4.539
Includes 379 m.. also covered by Pitts. Jet. Is tM . o See this com pany.
x The company has purchased theso linos.
The purchase o f the Cln. Hamilton & Dayton main line with branches
and leased lino, per plan effective in June 1916, will add about 400 miles to
the road operated. See below and Cln. Hamilton & Dayton R y . Co.
Also owns Sandy Valley & Elkhorn R y. V. 95, p. 889; V. 100, p. 307.
Owns B. & O. Chic. Term . R R .. $8,000,000 stock and $32,000,000 or Its
4% bonds. See below. V. 90. p. 166. 1101.
H IS T O R Y .— 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 o f the Cincinnati Hamilton & Dayton.— As to tho readjustment plan
o f the Cincinnati Hamilton & Dayton (see that co. and V. 103, p. 1991),
Pres. Daniel W illard, Oct. 26 1916 (V . 103, p. 1991), said: “ A conservative
estimate places tho value o f tho securities o f the N ew Co. which your com
pany Is to receive under the plan at $25,000,000. Tho operations o f the
properties embraced In tho plan for the 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 tne $16,250,450 o f now Baltimore & Ohio Division Bonds
to be Issued under the plan and the rentals and Interest charges on under
lying securities which are not disturbed, would leave a balance o f over
$600,000, and It Is anticipated that somewhat larger earnings w ill accrue to
your company when it can have a direct interest in tho operations."
R E A D IN G CO., A c.— 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 the N ew York
Central R R ., each co.,taking one-half, but in 1904 each sold $3,950,000
o f the common. V. 76. p. 101: V. 80, p. 1856.
S T O C K .— Pref. stock, see V. 71, p. 1166, 1143; V. 72, p. 1186.
D IV ID S —
1900. 1901-1904. 1905. 1906. 1907-1914. '15. ’ 16 ’ 17.
444
5)4
6 yoarly.
5 5. 244Common ( % ) _____ 2 4 yearly.
Preferred__________ 4 4 yearly.
4
4
4 yearly.
4 4. 2-
[V o l . 104.
RAILWAY STOCKS AND BONDS
A A o
J A D
J A J
M A N
F A A
M A S
M A N .;
Oot 1 1933
June 1 1936
Jan 1 1930
N ov 11995
Feb 1 1919
Mch 1 1950
reg. lnt. Q .-F.
do
do
do
do
do
do
do
do
do
do
do
do
H R eg. lnt. Q.-J.
B O N D S.— (1) P rio r Lien 344%, a first lien on main line and branches,
Parkersburg branch and Pittsburgh division, about 1.077 miles of first track
and 1.707 miles of second, third and fourth tracks and sidings, anil also a ll
the equipment now or hereafter acquired . T o t a l 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 lion on tho Philadelphia,
Chicago and Akron divisions and branches and the Fairmont Morgantown A
Pittsburgh R R ., covering about 581 miles of first track and about 859 miles
o f second, third and fourth tracks and sidings; also on the properties covered’
by tho B. & O. Term . M tg e. o f 1894, all owned by tho B. & O. and Balti
more Belt R It. Also a lion, subject to prior mtgo., upon main lino, &c.
V . 69, p. 30: V . 79, p. 211; V . 97. p. 297, 594; V. 102, p. 1435.
T otal Issue closed at $82,000,000. excopt for $75,000,000 reserved to
retire prior lien bonds in 1925.
(3) Southwestern Division lsf M . 344s. Virtually a first lien
upon formor B. & O. 3. W . system. 921 miles o f 1st track and
552 miles o f 2d track and sidings. All Issued........................ 45,000,000
(4) B. A O . , PIttsb. Jet. & M id . D iv. 3 44*- Expected to be ul
tim ately a first lien upon the railroads of the Central Ohio
system and Pitts. Jet. R R . Co., 379 miles In all. Total
$20,000,000
$6,055,950 is In hands o f tho public and $8,711,550 pledged under Pitts.
Lake Erie & W . Va. 4s. Closed except to retiro underlying bonds, see table.
(5)
Pittsburgh Lake E rie & West V irginia System mtgo. refunding 4% gold
bonds (authorized amount $75,000,000) are a Hen 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 1916 $34,021,550 additional underlying bonds. Including
*8,711.550 PIttsb. June. A Middle D lv. 3 443. were held In trust as part se
curity. The *31,558,500 unissued 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.
(7)
Convertible 20-year 444* $63,250,000. dated M arch 1 1913 will,
be convertible Into common stock up to Feb. 28 1923 at $110 per
share and redeemable beginning March 1 1923 at 10244- These 444s are
secured by tho now blanket mortgage betow describee pari passu with the
new bonds. See V . 96, p. 134. 200. 051. 715, 1088. 1421; V . 97, p. 727.
Schuylkill River East Side 4s. V . 77, p. 1745; V. 81, p. 727.
(8) Refunding & General Mortgage o f 1915 due Dee. 1 1995 (V . 101, p. 1884).
Tho initial $60,000,000 5% bonds o f this Issue was brought out In Dec.
1915 by Kuhn, Loob & Co. and Speyer & Co. See below; also V. 101, p.
1884; V . 102, p. 975; V . 103, p. 1989.
Security.— Secured on practically entire system, 4,494 miles o f first track,
and equipment or interest therein, having in 1915 a not value or over
$79,000,000. Also covers the passenger and freight terminals in Philadel
phia, Baltimore. Pittsburgh and Chicago and the freight terminals on
Staten Island, N . Y ., In Cincinnati and Washington, as well as one-half
stock Interest in the Washington Terminal Co. and one-half ownership
o f joint yards at Washington. A direct lion upon about 2,282 miles o f first
track, and a lien, through tho deposit o f bonds, and In most cases all, and
in no case less than 96% o f capital stock, o f each o f tho companies owning
the remaining inileago.
Reservation o f Bonds.— Tho mortgage reserves bonds to retire about $282,
000,000 prior liens on various parts o f tho system and tho $63,250,000 con
vertible gold bonds [theso last being secured by the now mortgage part
passu w ith the bonds issued theroundor] and provides for the reservation or
bonds for construction, improvements, now equipment and tho acquisition,
directly or indirectly, o f properties and securities. Tho right is rosorved to
refund tho Prior Lien 344s into 1st M . 4s o f 1898 duo 1948, and to extend
tho due date o f tho S. w . D iv. 344a to date not later than July 1 1950.
Tho authorized Issue Is limited to an amount which, together with all the
prior debts o f the Railroad C o., after deducting therefrom tho bonds re
served under the provisions o f the mortgage to retire prior debts at maturity,
shall not exceed 3 times tho then outstanding capital stock, with the addi
tional limitation that when the aggregate amount o f tho bonds outstandinganil the bonds reserved to retire prior debts shall bo $600,000,000, no addi
tional amount o f bonds shall thereafter be issued, except the bonds so re
served to retire prior debt, without the further consent o f the stockholders
o f the railroad company, and such additional bonds may be issued only to
an amount not exceeding 80% o f cost of work done or property acquired.
Cincinnati-Toledo D iv. 1st 4s o f 1916.— See “ Cin. Ham . & D ay. R y .”
Equipment bonds o f 1915. see V . 102, p. 2341; V . 103. p. 144. Jamison
C. & O. Co. car trusts, guaranteed p. & 1. by B. & O ., V . 103, p. 410.
F IN A N C E S .— In Dec. 1915 sold $60,000,000 Ref. & Gen. M . 5s to take
up tho $40,000,000 4 44% gold notos 1915 (paid o ff June 1 1916 at 100H
and int.) and for other requirements. V . 101, p. 1884; V . 102, p. 1346.
Ground rent liens June 30 1916, $2,015,149. Real estate mtges.,$l ,040,310
E A R N IN G S .— (1916..............- .........Gross, $9,544,592; net, $2,865,327
M onth o f Dec. (1915......................... Gross, 9,164,762; not, 2,626,427
Earnings for 6 M os. ending Dec. 31 1916 [Dec. 1916 act.) V. 103, p. 2421.
1916 (act.) 1915 (act.)
1916 (act.) 1915 (act.)
$
$
S
S
Gross earns..61,340,505 56,040,304 Int.,rents,Ac .10,785,082 9,690,531
N et, aft.taxes. 10,297,086 16,486,718 P f. dlvs. (2 % ) 1,177,264 1,177,259'
Other income. 2,717,162 2,486,734 C om .d lv.(2 44) 3,798,573 3,798,573
Gross lncome.19,015,148 18,973,452 Balance, surp. 3,254,228
4,307,089
R E P O R T .— For year 1915-16 see V . 103. p. 1976. 1988.
Year ending June 30—
1915-16 .
1914-15.
1913-14________ _ _______
4,539
4,535
4,515Miles
Fre ght
I I ....................... ....$88,476,032 $70,780,808 $ 7 6 , 3 7 1 7
Passenger........ .........................
14,971.472
14,059,940 15.889.991
M ail, express, & c____________________
8,221,177
6,975,048
6,875,302'
Total gross......................................$111,668,680 $91,815,798 $99,164,010'
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M*plesTiii>
fackson
jlu a u
nb s
Enterprise,
Atucrjruft.
«
w
AibM0j j y
Orirk
B b
rooV ^^j
B _ »_
•
H W ors^
wh
^SAVANN AH
TifW
Andalns!a(
'B U S IC
R NW K
r - j?
✓
M
i
BALTIMORE a OHIO
lamlet
SYSTEM
C ]5
*rlis
it'Point
Ssnfor^
B altim ore S O hio R.R.
B a ltim o re a O hio Southwestern R.R.
Baltimore a Ohio C hicago Term in al R.R.C 0
Cincinnati. Hamilton a Dayton Ry. Coand Connections
12
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c ., see notes on first page]
Miles
Road
B a ltim ore & O h io (Concl) —
166
Ohio River 1st M g_______________________ FP.xc*
208
General mtge gold 1st on 39 miles_____________xc*
32
R a v Sp A G1 1st M g guar p A 1__________ FP.xc*
11
Huntington & Big S 1st M g guar____________ xc*
48
Plttsb 01 A Tol 1st M g ___________________ ______-X
30
Pittsburgh Newcastle A L E 1st M extended In g —z
201
xc*
Pittsburgh A Western 1st cons M g ________
3
EUwood Short Line 1st mtge g o ld _____________Gx
177
W Va A P 1st M g 5s scaled, red at par___Me.Ba.xo*
Leased Lines and Other Securities—■
9
Schuylkill River E S R R 1st M g guar p A len dor.x
13
Staten Island R y 1st mtge 51,000.000 g o ld .. Ba.zo*
37
Hampshire So 1st M gold--------------- ---------------Jamison C & O C o car trusts duo $100,000 each
M a y 1 B & O guar_____________________. . U P i .
Balt & Ohio Chic Term R R — Ch&GtW IstM gass’d .v k
City of Chicago purchase money mtge assumed____
First mortgage 550,000.000 authorized__________ x
a “ Total Issued” shown In first left-hand column, ba lance
Baltimore & Potomac— See Phlla Balt & Washington.
Bangor & Aroostook— Stock $5,000,000 auth-------211
First mortgage (516,000 per mile) gold____ G.xxo*
Second mortgage gold______________________ Usmxx
211
77
First mtge Piscataquis Dlv 51.500,000 g -.G .x x c *
33
V Bur E x t 1st M 5500.000 g (V 69. p 95 2 ).a.xxo*
Aroostook Northern 1st M 5225,000 gold -.G .xxc*
15 H
412
Consol refunding mtge 520,000,000 gold___ OB.xo*
Medford E x t 1st M 51.000.000 g(V84.o692) Us.xxo*
28
55
Washburn E xt 1st M g (V 9 0,p848.913)-C e.c*xx& r
60
St Johns R lv E x t 1st M 51,800,000 guar C e.o’ xxAr
Two-year 5 % coupon notes $2,500,000 ___________
Car trust D gold due $45,000 semi-ann______ PePx
—
Car trust Ser E-F $19,000 or $20,000 yoarly______
Guaranteed by Bangor
Aroostook
54
N or M e Seaport 1st M guar p & 1 end___Usnr.c*&r
Bay o f Q u ln te R y— 1st M gold s f red 105 text----
Date
Bonds
P ar
Value
1886
1887
1890
1892
1882
1878
1887
1892
1890
51.000
1,000
1,000
1,000
1,000
100 Ac
1,000
1,000
1,000
52.000.000
2,911,000
344,000
296,000
441,000
82,000
650,000
300.000
3,877.000
1903
1893
1909
1,000
1.000
500
5.000,000
511,000
5,000
Rate
%
1893
1895
1899
1899
1897
1901
1907
1909
1909
1916
1907
’ l l ’- lfi
1905
1914
10 1889
10 1893
1902
49 1Q09
100
1,000
1.000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
When
Payable
Last Dividend
and Maturity
A
A
&
A
A
&
A
A
A
D
O
A
J
O
D
J
J
O
June 1 1936
Apr 1 1937
Aug 1 1920
July 1 1922
Oct 1 1922
June 1 1917
July 1 1917
Jan 1 1922
Apr 1 1990
O ffice, 2 W all St. N Y
do
do
do
do
do
do
do
do
First Nat Bk, Allegheny
J P Morgan A Co, N Y
Co’s office, 2 W all St, N Y
do
do
J
4g
414 g J
J
5
A
A
Sc
D June 11925
D June 1 1943
J July 1 1934
518 Walnut St, Phlla
17 State St, New York
N Y , Farm L A T r Co
K
g
g
g
g
g
g
g
g
M
J
M
A
& N M a y 1917 to ’21 Union T r Co, Pitts, Pa
Bankers Trust Co, N Y
& D June 1 1936
T o City of Chicago
& N May 1 1938
So O Apr 1 1960
J
J
J
A
A
A
&
J
J
J
o
O
o
Jan 8 1917 1%
Jan 1 1943
July 1 1945
Jan 1 1943
Jan 1 1943
Oot 1 1947
July 1 1951
May 1 1937
Aug 1 1939
Aug 11939
Apr 1 1918
Apr 1917
T o 1921-1925
J
Sc
J
M
F
F
A
A
M
&
1,000
3,448.600 3 in 1916
3,360,000
5g
106.000
5 g
1,500,000
5g
500,000
5g
225.000
6g
8.431,000
4g
1,000,000
5g
1,650,000
5g
5
1.800,000
2,000,000
5g
45.000
5
127,000
5
&
A
&
N
A
A
O
O
1,000
1,000
1.000
1,000
1,000
1.000
4,720,000
250,000
100,000
200.000
780.000
883.000
A
M
J
A
J
J
A O Apr 1 1935
Sc s Sept 1 1934
& D June 11919
A O Apr 1 1923
& J2 Jan 21927
A J July 1 1939
i
.o o o
N e t earnings...................................$32,348,876 $27,890,290 $24,760,621
Operating income (after taxes)______ $28,639,064 $24,581,697 $21,523,741
Other income.......... ........................... 5,844,375
5,260,848
6.133.417
Tota l net income........................... .$34,483,439 $29,842,545 $27,657,158
Interest, ronts, & c............................$20,867,224 $19,119,297 $18,456,704
Preferred dividends ( 4 % ) . ................ 2,354,527 ' 2,354,521
2,354,521
Common dividends............................(5)7,597.225 (5)7,597.253 (6)9.118,762
Balance ..................................... sur.$3,664.463 sur.$771,474df$2,272,829
Executive Committee— Daniel Willard, Chairman; Pres., Daniel Willard;
Vice-Presidents, G . M . Shrlver, Arthur W . Thompson, J. M . Davis and
F . C . Batchelder; Treas., E . M . Dovereux; Sec., C . W .^W oolford.
Directors.— R . Brent Keyser, Robort Garrett, Folix M . Warburg, Oscar
G . M urray. James Spoyer. W . A vorill Harriman, L . F. Loree. CharlesA.
Peabody, John G. Shodd, John R . Morron, N . Y .; J. G. Schmidlapp, Cin
cinnati. and Hugh L . Bond Jr., Balt. Office, 2 W all St.— (V . 103, p.
1300, 1976. 1980, 1988, 2426; V. 104, p. 7 1 . ) ______________________ _
B A LT IM O R E & OHIO CHICAOO T E R M IN A L 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 7b0 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 R iver. Nearly
all land. Including that upon which tracks have been built. Is owned In fee;
Track owned, 76.53 m.; trackage, 15 m.: total, 92 m.; 2d track, 62 m.;
sidings, 130 m. Tota l all tracks, 297 miles.
H IS T O R Y .— 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 .
~TE N AN TS~Balt7TSc"O hio7C hlcag(7G rcaFW estern, Chicago Hammond
& Western R y . (Indiana Harbor B elt), Suburban R R . (Chicago & West
Tow ns), Pere M arquette and Chicago Terre Haute & South Eastern R y.
and Minneapolis St. Paul & Sault Ste. M . Th e last named became a
tenant Dec. 9 1914. See 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
BO N DS.— Of the 1st M. bonds of 1910. $28,000,000 Issued as series A 4s
were given to the Balt. & Ohio to represent tho cost o f the property,
and $4,000,000 havo since been purchased by the company. $3,000,000
additional scries A 4s to be issued when required for improvements and
$1,200,000 reserved to retiro the old bonds and $13,800,000 for extensions.
Improvements and equip, to bear not over 4 M % int. V. 90, p. 1295.
E A R N IN G S .— For year ending Juno 30 1916:
Year—
Gross.
Net.
Other In c. Int.,Rents,Ac. Surplus.
1915-16............ $1,796,502 $206,476 $1,463,965 $1,538,353 $132,087
1,343,908
1,459,633
131,783
1914-15 ............ 1,555,299 247,509
E A R N IN G S .— 6 m os.,f 1916--.".. ........ Gross, $940,729; not, $36,282
874.874; net, 152,493
July 1 to Dec. 31.
(1915........ ........ Gross,
B A N G O R & A R O O S T O O K R R .— Stockton Harbor, M o., northerly to
Van Buren, with brs.; total Juno 30 1916 , 625.84 m. (568.02 owned in fee.)
Bridge over St. John River at Van Buren, M o ., costing about $250,000,
was opened M a y l 1915, giving connection via Intercolonial R y ., with
lumber region in Canada. V . 97, p. 116; V. 100, p. 1591.
O R G A N IZ A T IO N .— See V. 66, p. 855. Owns entire stock o f and leases
for 999 years Northern Maine Soaport R R ., La Grange to Searsport,
64.1 miles. V . 81. p. 1549; V. 84. p. 693.
S T O C K .— In N o v . 1914 was authorized to increase the stock from $3.'
198,600 to $5,000,000. O f tho new stock $250,000 was offered to stock
holders and issued to buy stock o f the Van Buren Bridge C o., making total
amount out $3,448,600. V. 99. p. 1450.
D I V I . 4 1904. 1905. 1906. 1907 to 1912. 1913. 1914. T 5 . ’ 16.
’ 17
Per C e n t - .. 3
1J4
2
4 yearly
3
3M
3
3
1.
BO N DS.— Plscat. D lv. 5s, see V. 67, p. 1159: V . 68. p. 84. 329. Of the
oonsol. ref. gold 4s, $12,500,000 were reserved to pay oil the outstanding
bonds. Including those of controlled roads, oar trusts and pref. stock, and to
acquire such controlled roads; $3,000,000 for Improvements over a series
of years and $4,500,000 for extensions at $25,000 per mile, Including equip
ment, V. 73. p. 286, 896: V . 74, p. 93. Tho Northern Maine Seaport
bonds ($5,000,000 auth.) are guar. p. & 1., In hands o f public, $4,720,000.
V. 81, p. 265; V. 82. p. 392; V. 84. p. 391, 692; form o f guar., V. 81, p. 727.
Th e Van Buren Bridge Co. bonds are subject to call on and after Sept. 1
1916 at 110 and int. V . 100, p. 311.
The St. John River Extension 1st 5s of 1909 ($1,800,000 auth. Issue),
guaranteed, prln. & Int., were Issued at $30,000 Der mile. V. 93. p. 939.
In April 1916 $2,000,000 o f an authorized $2,500,000 5% 2-year notes
was sold to replace,(51,500,000 maturing ono year notes and for improve
ments. V. 102. p. 1346, 1810.
The Aroostook Construction Co., which owns control, has made an Issue
of $2,500,000 5-year collateral trust 5% gold notes dated May 1 1912, of
which S I,915,000 have been Issued to fund floating debt of the Bangor A
Aroostook R R . and the Aroostook Construction Co. The notes arc secured
by $1,350,000 B. & A . R R . consol. 4s and $2,156,500 stock and 1,918 shares
of Northern Telegraph Co. stock. V. 94. D. 1382; V. 95, p. 237.
E A R N IN G S .— 6 m os.J 1916............. Grass, $1,931,769: not, $653,940
July 1 to Dec. 31.
11915............. Gross,
1,694,013; not, 477,199
R E P O R T , E T C .— For year end. June 30 1916. in V. 10.3,p. 1504:
Operating N e t,A c .,a ft. Other
Bond
Dividends Balance,
June SO
Revenue.
Taxes.
Income. In t., A c.
Paid.
Surplus.
1915-16..$3.775,806 $1,233,132 $259,888 $1,252,411 (3)$103,458 $137,151
1914-15-- 3.763,398 1,271,323 207.297 1.252.130 (2) 68,972 157,518
Pres., Porcy R . T odd.— (V . 102, p. 1310, 2253; V . 103, p. 843. 1504.
Places Where Interest and
Dividends are Payable
J
A
F
J
A
J
J
J
A
5
5
6
6
6
4
4
5
4
500,000
414
1916
394,000
5g
1886
1,000
650,000
5
1888
32,000,000 See text.
1910
being owned b y Baltimore A Ohio.
R E P O R T (Continued) —
1915-16.
1914-15.
1913-14.
Operating oxponses........ .................. $79,319,804 $63,925,508 $74,403,389
Amount
Outstanding
[V o l . 104.
5
6
5
5
5
6
g
g
g
c
r
Sc
&
&
&
&
a
Sc
N
Checks mailed
Guar Trust Co. New York
do
do
do
do
do
do
do
do
Lee HigglnSon & Co.Bost
do
do
Brown Bros & Co, N Y
do
do
Boston Old Colony Trust
PennCo for Ins,&c,Phlla
do
do
Brown Bros & C o. N Y
do
do
60 Church St. New York
‘
do
do
Bk o f M on t, T o r. or N Y
71 Broadway. N ew Y ork
B A T H & H A M M O N D 8 P O R T R R .— Bath, N . Y .; to ILammondsport.
N . Y ., 10 miles. Control acquired by Erie R R . in 1908. Slock, $100,000.
For cal. year 1915, gross, $51,417; net, $13,472; other income, $432; int,,
rentals, A c., $19,918; bal., def., $6,014.— (V . 79, p. 1954.)
B A Y O F Q U IN T E R Y .— Owns Deseronto to Bannockburn, O nt., 75.40
miles; Yarkor to Sydenham, O nt., 10.60 miles; trackage (Kingston A
Pembroke R y .), Ilarrowsmlth to Kingston, 19 miles; total, 105.00 miles.
In 1912 Can. N or. R y . acquired control. V. 98, p. 1601. Stock, com .,
$930,000; pref., 6% non-cum., $465,000; par, $50. D lvs. on com. 1907 and
1908, 3% ; pref., 6% . O f the bonds $70,000 are reserved for extensions at
$10,000 per mile. Cum. sinking fund, $10,000 yearly, redeems each 5 years
$50,000 bonds by lot at 105; $50,000 retired in 1907 and 1912. For year
end. June 30 1914.gross, $202,375; op def,$3,863; Int.,taxes,& c.. $86,874;
bal., def., $90,737. Pres., E. W . Rathbun; Asst. Sec., R . P . Ormsby;
Treas., L . W . M itchell. O ffice, Toronto, Ont.— (V . 104, p. 255.)
B E A U M O N T & G R E A T N O R T H E R N R R — Owns Livingston, T e x .;
to W eldon, 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 . IC. & T . R y . o f Texas leases road for 99 years from M a y 1 1914 and
has authority to purchase tho same, &c. V . 98, p. 999. For year ending
M a y 1, 1914, gross. $111,397; not income, $38,042; charges. $77,729; bal
ance, deficit, $39,087.— (V . 95. p. 1121.)
BEECH C R E E K R R .— (See M aps Neto York Central Lin es.)— R O A D .
Jersey Shore, Pennsylvania, to M ahaffey, 112 m .; branches to Philllpsburg,
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, and since M a y I
1899 operated directly as a part o f Its Pennsylvania division. V . 08, p.
872. Carries mostly coal and coko. See fguaranty, V . 52, p. 570. The
bonds aro endorsed with N . Y . [Central's guaranty o f prln. A Int. See
V . 52, p. 570. Assumed by N . Y . Central on consolidation, Dec. 23 1916.
Guarantees Interest on $717,700 Clearfield Bituminous Coal 1st 4s due
Jan. 1 1940— see that co. under “ Industrials."— (V . 75, p. 1398.)
BEECH C R E E K E X T E N S IO N R R .— (See M aps N . Y . Central Lines.)
— Clearfield, Pa., to Keating, 52.14 m.; Curry to Curwensvillo. 15.77 m .)
Dlmellng to Irvona, 26.76 m.; M ahaffoy to Arcadia, 13.67 m.; branches.
27.01 miles; total, 135.35 miles. A low-grade coal line, leased to N . Y .
Central & I I . R . R R . (which owns entiro $5,179,000 stock and $3,964,000
consol. 4s) for 999 years from Juno 1 1905, bonds being guar., p. A I. O f the
consols. $3,500,000 is reserved to retire, $ for $, old bonds. V . 80, p. 1174,
1479; V. 81, p. 30; form o f guaranty, V. 82, p. 1267. Assumed by N . Y .
Central on consolidation, Dec. 23 1914.— (V . 82, p. 1267,)
B E L L IN G H A M & N O R T H E R N R Y .— Bellingham to Glacier, Wash.,
44.03 m.; Goshen to Welcome, 11 m.; Hampton to Lyndon, 5.31 m.; Bel
lingham to Squallcum, 5.80 m. Acquired by Chicago M ilw . & St. Paul.
V. 95, p. 1121. Stock, $1,200,000. Year 1915-16. gross, $203,258; net
Income, $37,284: Int., A c.. $60,222; bal., def.. $22,938.— (V . 95, p. 1121.)
B ELT L IN E R Y . OF MONTGOMERY.— Owns real estate and a belt lino
In Montgomery, A la., about l mile of track on Tallapoosa, Bell, Perry and
Columbus streets. Atlantlo Coast Lino R R . pays an annual rental equal to
bond Interest and difference between taxes, Insurance and cost of operation
and gross earnings from others than the Atlantlo Coast Line. Atlantlo
Coast Line R R . owns majority of $200,000 stock; par, $100. V. 92, p.
1242; V . 93, p. 43. Year ending June 30 1916. gross, $20,810; net. $8,560;
int. on bonds, $12,250; bal., none.— (V . 93, p. 43.)
B ELT R A IL R O A D & STOCK Y A R D OF IN D IA N A P O L IS .— Owns 14
miles of belt road. Ao. Leased for 999 years to Ind. Union— which see.
D IV ID E N D S — Com.
11908. ’09. ’ 10. 1911. ’ 12. ’ 13. ’ 14. ’ 15. ’ 16
6
6 3&50stk 10 13 14 13 bolow.
Since 1907..................%\ 12
In 1915. Jan., 3% : Apr., 5% ; July. 3% : Oct.. 2% . 1916, Jan.. 3 % .
and 5% extra; April and July, 3% : Oct., 6% ; 1917, Jan., 6% .
Mortgago trusteo. Union Trust C o., Indianapolis. V. 89, p. 40; V . 92.
Pres..- S. E. Kauh, Indianapolis, In d.— (V . 102, p. 1249.)
B ELT R A IL W A Y (OF C tlA T rA N O O O A i— Owns 49 mile* of belt
railroad In Chattanooga, Tenn. V. 07, p. 72.
Leased till July 1 1945 to Alabama Great Southern R R .; rental guaran
teed to meet Interest on Urst mtge. bonds, taxes and maintenance. STO CK
Is 5300,000.owned by Alabama Great So. R R . There are also S24,000 2nd
Income M . 4s (tax-free). due 1945, red. at par, Int. at 4% paid In full to 1916.
B E LV ID E R E D E L A W A R E R R .— Owns from Trenton. N . J.. to Manunka Chunk, N . J., 67 miles; Flcmington R R ., Ao.. 13 miles; total oper
ated, 80 miles. Leased to United Companies, and transferred to Pennsyl
vania R R . Maroh 7 1876. N et earnings paid as rental.
Dividends.— 1897 to 1905, 5% yearly: 1906 to 1911. 10% yearly; 1912.
7% ; 1913, 6% ; 1914, none; 1915, 4% ; 1916.
B O N DS.— All of the outstanding bonds aro scoured by the consolidated
mortgago of 1875 for 54,000,000: sinking fund, 1% of outstanding bonds If
earned. The Issues of 1885. 1887 and 1903 aro guaranteed by the United
New Jersey R R . & Canal Co. Guaranty, V . 76. p. 918.
E A R N IN O S .— In 1915, gross, $2,112,433; opor. sur., $308,308; other
Income, $81,414: int., taxes, &c., sinking fund, AC., $261,343; dlvs. (4 % ),
$50,120: sur., $78,259.— (V . 98, p. 154; V. 100, p. 228; V. 102, p. 1539.)
B E N N E T T S V IL L E & C H E R A W R R .— Owns Kollocks, 8. O .. on Sea
board A ir Line, via Bennettsville and Brownsvillo, to Sellers on Atlantic
Coast Line, 45 miles. Purchased by present ownors about March 1907.
Stock, $250,000. Dividends in 1912, 0% ; 1913, 3% : 1914 and 1915, 5% .
Bond sink. fd. $3,000 yearly. Loans and bills payable June 30 1915, $o,297.
V. 92, p. 116. Yoar 1915-16, gross, $93,780; not, $45,206; Int. on bonds,
&c.. $7,500; taxes, $7,835; dlvs. (9 % ). $22,500: depreciation, $8,845; bal.,
def., $1,473. lYes., W . R. Bonsai; Soc. A Treas., B . M . Edwards. O ffice,
Bcnnottsville, S. C .— (V . 92, p. 116.)
BESSEMER & L A K E E R IE R R .— Leases from Pittsburgh Bossomcr A
Lake Erio R R . et al., Bessemer, near Pittsburgh, P a ., to Counoaut Harbor,
Lake Erie, Ac., with branches and spurs, a total o f 249 miles, for 999 years,
from A pr. 1 1901: owns 9 m.; total, 258 miles. V. 72. p. 137. Stock auth.,
$500,000. Dividends paid: In 1904, 100%; 1905, 50%; 1906, 40%; 1909.
Fe b .
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, & c., see notes on first page]
Beech Creek— Stock (guaranteed 4% by endorsement)
First mortgage gold guar p A 1 (cndorsed)CoLxoAr
Second M for $1,000,000 g guar p A 1 (end) .Un.xoAi
8cech Creek Exten— 1st H $4,500,000 g gu p * Kl.xo'
Beech Creek oonsol M $20,000,000 g gu p&I G .o'A i
B ellln g h & N or— B B & B O 1st M $1.000.000gsf _i.
Belt Line Ry. Montgomery— 1st M gold $300.000x___
Belt RR & Stk Yd, Ind— Stock auth $2,000,000
Preferred stock cum ulative..
1st refunding M $1,000,000 gold_ ._ZZIZI
_
xo»
gelt Ry of Chattanooga— First mtge gold~._MeBa.xo*
Belvldcre Delaware— Stock $4.000,000.......................
Consolidated' guaranteed by United Go’ s sk fd _.xr
mortgage
guaranteed by United Co’s sk fd __xr
of 1875
Issue $600,000 reduced by sk fd ..x r
„ $4,000,000 guaranteed by United Co’s sk f d . x c *
Bennettsvllle & Cheraw— 1st M $150,000 g_.M eBa
Bessemer & Lake Erie— Erie equipment trust______ x
Standard equip trust______________________________ x
Bessemer equipment trust, due $110,000 y ea rly-.x
Oonneaut equip Tru st........ ......... ............................
Meadville eq tr due $55,000 y ly __.............. ...............x
Albion eq tr duo $75,000 yrly to 1932_______ ______x
Euclid equipt trust due $250,000 yrly bog 1924_____
Girard Equip trust duo $240,000 yly begin 1918----B irm in gh am B elt— Soe St Louis & San Francisco
Hirin’h & Southeas— 1st M $3,000,000 g red 107>S-Cex
General and eqt M gold rod 101 $1,500.000---- Col
Birmingham Terminal— 1st M $3,000,000 gold guar .x
Bloomsburg & Sullivan R R — 1st M ----------------- FPx
Second mortgage Income non-oum $200.000___FPx
B o o n v ille B rid g e— See Missouri Kansas & Texas R y
Boonville St L tic South R y— 1st M g gu red 107 !$ -.E q
Boston & Albany— Stock ($25.00(),000 authorized)___
Bonds (not mortgage) guaranteed prln and Int___zo
Bonds (not M ) $1,000,000 (V 71 ,p 1218’,V72.p44).z
Im pt bds (not mtge) $4,500,000 due 1934 gu p & I z
Im pt bonds (not mtge) $1,000,000 guar. p. & I z
do
do
do $2,015,000 gu p&i.zc*&r
Bonds (not mortgage) $3,627,000. guar p&l_zc*&r*
Miles
Date
Road Bonds
164
164
161
50
135
A ll
Par
Value
When
Payable
Last Dividend
and Maturity
1911
1914
1907
1898
1898
N o v 1916 coupon unpaid
Interest in default
Equitable Trust Co. N Y
F I T & S D Co. Phila
Reg Bloomsburgh.wh ear
__
49
_ __
SO
SO
so
so
45
......
...
...
... ....
. ..
...
...
4.8
48
6.9
29
29
Places Where Interest and
Dividends are Payable
Grand Cent Terminal, N Y
do
do
do
do
Grand Cent Term inal,NY
do
do
U S M i T r C o . N Y ;A SF
Safe Dep & T r Co, Balt
Co’s offloe, Indianapolis
do
do
Nat City Bank, N Y
Mercantile Tr & D ep,Balt
Penn R R C o.. Phila
do
do
do
do
do
do
do and N ew Y ork
Merc T r & Dep Co, Bali
Hom e Tr Co. H obok, N J
do
do
do
do
do
do
do
do
do
do
do
do
Union T r C o, Pitts, Pa
100 &o
100
1,000
100 Ac
100 Ac
... 1911
1.000
....
100
... 1902
1.000
... 1901
1.000
... ’08-’ 10 1.000
... 1912
1,000
... 1913
1.000
... 1913 1,000 &c
393
C E N T R A L R Y .— See Ohio Copper M ining Co., V , 103,
B IR M IN G H A M & A T L A N T I C R R . — See page 199.
B IR M IN G H A M & N O R T H W E S T E R N R Y .— Jackson. Tenn.. northwosterly to Dyersburg, 49 miles. Entire stock ($300,000) and bonds
($800,000) were deposited as security for $450,000 3-year collateral trust
gold notes o f the Blrm. & Northw. Co. (o f D ela .), guar. prln. & Int. by
Mercantile Trust Co. o f Jackson, Tenn. 'I’liose notes wero paid March 1
1916. V. 96, p. 1295. June 30 1915-16, gross. $119,740; net, $22,466.
In 1914-15, gross, $101,839; net, $5,768.
Pres., A . B. TIgrott: VIce-Pres., O. W . M cN ear; Sec., R . F . Spraglns
Trcas.. J. E . Edenton. Office, Jackson, Tenn.— (V . 102, p. 608).
B IR M IN G H A M & S O U T H E A S T E R N R Y .— Owns Union Springs to
Eclectic, A la., 48 miles. V . 94, p. 1316. Interest on the 1st M . bonds having
boon defaulted N o v . 1 1916, a protective committee with George C Van
Tu yl Jr. as Chairman and II. M . DeLancoio, 66 Broadway, N . Y . as Secre
tary, asked for deposits with Central Trust as depositary. V . 103 n 1887
A committee consisting o f Frederick Carles o f E. B. Smith & Co. Phila '
•
>„,1 Tf.hr. A Smith Itnnl.f.ml Til
________ I , T ' U l i a . ,
$96,778; net, $32,311. Pres., \V. M . Blount, Union Springs. ’A la ’
(V . 94. p. 1316; V. 103, p. 1887. 2340.)
B IR M IN G H A M T E R M IN A L C O .— Owns passenger terminals at Birm
ingham, A la. Stock all owned by the Illinois Central, Southern R y . Sea
board A ir Lino, Central o f Georgia, St. Louis & San Francisco and Alabama
Groat Southern, which lease the property and pay all expenses, charges and
4% dividends on the stock and Jointly guarantee the bonds. O f tho bonds
($3,0 °0 ’°00 authorized), $1,060,000 are reserved for additional properties.
V. 83, p. 1227; V. 85, p. 404. Guaranty, V. 90, p. 848.— (V . 90, p. 848.)
W B L A C K M T . R Y .— Owns Kona, N . C ., on tho Caro. Clinch, ft Ohio R v
*
to Eskota, 24 miles, lia s 99-year traffic agreement with tho Caro Clinch
& Ohio R y ., which guarantees the $500,000 1st M . 5s duo $25,000 annually
beginning A pril 1 1917. See that co. below.
Pres., J. Bis R a y, BurnsV1II0, N « G*
**
BLOOMSBURG & S U L L IV A N R R .— Owns Bloomsburg to Jamison City
P a., 29 miles. Stock Is $600,000: par, $50. V. 66 p 80 952
Year
1916-16. gross, $90,222; not. $34,543: other income. $435;'charges $30 141:
bal., su r„ $4,836. In 191-1-15, gross. $77.464;—
66 p 952 )
’
B O O N V IL L E S T . L O U IS & S O U T H E R N R Y .— Boonvilio to Versailles
M o ., 44 miles. Leasod for 99 years from July 1 191^to Missouri Parlfte’
which guaranteed $500,000 1st 5s, nrin. and Int. V 93 n 285
W k
$250,000: par o f shares. $125.— (V. 63, p. 228. 285; V.' 95,’ p . '968.)
'
BOSTON & A L B A N Y R R .— Owns from Boston. Mass to Albanv N V
199 miles; branches, 104 m.; leased lines, 90 m.; track o 'fim • totaT'294 m"
Leased In 1900 for 99 years to the New Y ork C en tral'* Hudion R ver RR *
tor guaranteed rental o f 8% per annum on the $25 000 MO stock navahin
quarterly (Mch. 30. * 0 .). organization expenses/ Interest onbonds ta*™
(V.
Rate
%
$50 $6,000,000
4
-J Jan 2 1917 1%
Q—
1,000
6,000,000
4g
J A J July 1 1936
1886
1,000
1.892
1,000,000
5g
J A J July 1 1936
1901 1,000 Ac
3.500,000
3 Hi g A A O Apr 1 1951
3.964,000
1906 1,000 Ao
A A O Apr 11955
4g
1,000
1901
514.000
5g J
A D Deo 1 1932
1,000
1911
245,000
5g J A
J July 1 1941
50
1.500,000 See text C — J Jan 2 1917 6%
50
500,000
6
Q— J Jan 2 1917 1J4
1909
1,000
1.000,000
4g
M A N May 1 1939
1895
1.000
300,000
6
J & J July 1 1945
50
1.253,000 See text yearly Dec 31 19164%
1885
1,000
500.000
4
M A S Sept 1 1925
1887
1,000
749,000
F A A Feb 1 1927
4
1893
1,000
308.000
4
J A
J Jan 1 1933
1,000
1903
972,000
8H g J
A J Jan 1 1943
1911
1,000
150,000
6 s
r J A J Jan 1 1941
1902
1,000
1.220,000
5
M A S Moh 1 1922
1905
1.000
1.060,000
5
A A O Apr 1 1925
1907
1.000
1,100.000
5
M A S Moh 1918-1927
1,000
300,000
5
A
O Apr 1 1919
1911
1,000
550,000
5
M A s Mch 1922-1932
1912
1.000
950,000
5
J & D
1914
1.000
2,500,000
5
J &
J July 1924-1934
1916
1,000
3,600,000
5
M & N N o v 1918-1932
150%; 1910, 100%; 1911, 150%; 1912, 250%; 1913, 200%’ 1914 275%
ControUed by U. S. Steel Corp. Guaranty on M ar
quotte & Bessemer Dock & N a v . bonds. V . 77, p. 1228- V 76 t» 1358
L ? 2 . p . 160. For year ending Dec 31 1916, (205 m iles), gross,' 1,110.
685, apt $4,853,065.oth er Income, $608,316: Int., rentals, &c., $3,174,696,
p1V
1986152lli5’ ) $760,000: bal" SUr" $1'630-684-— ( v - 94, p. 1694; V . 102,
n W H A M
Amount
Outstanding
13
539,000
(? )
1,940,000
242,000
199.600
6 g
6g
4g
5
5
M A
F &
M A
,T A
J A
N
A
S
J
J
May
Feb
Moh
Jan
Jan
1 1961
1 1924
1 1957
1 1928
1 1928
500,000
5g
F A A
25,000,000 S H % 16 1 M
3—
3.858,000
A A O
3X
1.000.000
3H J A J
13,500.000
4
M A N
1,000,000
4H J & J
2,015.000
5
J A
J
3.627.000
5
A & O
Aug
Doc
Apr
Jan
May
July
July
Oct
1 1951
Feb 1 1916 coup not paid
3 0 ,’ 16 2H Offloe, Term sta vn . dost
11952
do
do
1 1951
do
do
1 ‘33-34-35
do
do
1 1937
do
do
do
do
1 1938
do
do
1 1963
Lines owned— (Concluded). M iles. Trackage rights_________________
29
Nor h Cambridge to Northamp
ton, Mass____________________
96 Total operated July 11916_____ 2,298
Sundry branches__________________183
Lines leased, a See this oompany.
2d track (3d & 4th traok, 10) 591
Boston A Low ell_______________ a469
Conoord A Montreal___________ a479 Controls:
F itc h b u rg ................................... a458
St. Johnsbury & Lake Champ. 126
Nashua & Low ell_______________ a 15
York Harbor A Beaoh________ 12
Connecticut R iver R R ................ a81
Vermont V alley______________ 25
O th er........................................... 36
Sullivan County______________ 26
Aug. 29 1916. it being doomed inexpedient
further to extend the $13,306,060 notes and certain leased lines having
blocked the merger plan (V . 102, p. 1987), Pres. James H . Hustis was made
receiver. V. 103. p. 757, 843, 1117; V. 104, p. 71.
in neb. 1917 no interest had been paid since tho beginning o f th e receiversh p upon any o f the notes o f plain (debenture) bonds o f the B. & M . But
briefly speaking, dividends on tho stocks and Interest when due on the out
standing bonds o f all leased roads were being paid by tho receiver to prevent
forfeiture or the leases, together with the interest on mortgage bonds as
sumed o f Worcester Nashua & Roch. R R . Co. and Portsmouth Great Falls
& Conway R R . Co. Th e exceptions relate to Connecticut R iver R R . Co.
a n d verm on t Valley R R ., which are also in hands o f a recoivcr. Tho d iv i
dends on the Conn. R iver stock are by the terms o f the leaso payable by
tfie lessee direct to the stockholders o f that road, and therefore had they not
been paid there m ight have resulted a forfeiture o f tho leaso; the interest
on tne bonds was for tho same reason paid to thereceiver o f that road, but
was not paid out to the bondholders until Feb. 1917. V . 104, p. 255, 361.
'The Interest due on the 4 H % bonds o f the Vermont Valley R R . was paid
on Oct. 1 1916 for tho reason that they are mortgago bonds and had the pay
ment o f the Interest been defaulted the bonds would have matured.
1 here were outstanding in Aug. 1916, in addition to $13,308,060 B. & M .
notes and $2,300,000 endorsed notes o f Vermont Valley R R ., also $2,000 000 notes o f Conn. River R R . on which B. & M . admits no obligationand contractual obligations o f $5,391,000 for improvements maturing on or
before Jan. 1 1917, while not less than $10,000,000, It was estimated, would
bo required within the next three years for improvements o f system to make
possible economical operation. Th e $4,065,691 surplus from operation o f
year 1915-16 was considered wholly exceptional, being due to (a) business
boom brought about by foreign war and (b) deferred maintenance o f equip
ment pending reorganization. V . 103, p. 758.
Mass. P . 8. Commission has extended till July 1917 the reorganization
A ct. V . 103, p. 60.' Tentative plan Jan. 1917. V . 104, p. 361.
As to Boston R R . Holding Co. (owner o f 52.9% o f tho stock) and disposi
tion o f control under order o f Court, seo that company below.
Reports o f experts on requirements or system, V. 98, p. 1691; V . 97.
P. 1731. Report o f R R . Commissioners, Dec. 14 1913. V. 97, p. 1818 1820
The Hampden R R . Corporation, completed June 23 1913, from Spring
field, Mass., to Bondsville, total 15 miles, has not been operated owing to
tho failure o f the R R . Commission to approve an arrangement. V . 100
p. 395; V. 99, p. 47; V. 98, p. 72, 452, 1920; V. 96, p. 1020; V. 97, p. 948? ’
B O N D S , &c.— Under tho unsuccessful plan o f Feb. 11 1916 (V . 102. p.
711, 799), the holders o f $13,120,060 o f tho $13,306,060 outstanding notes
extended their notes to Aug. 31 1916, with interest discounted at 6 % . V.102
p. 885, 1987, 2076; V. 103, p. 238, 320, 577, 664, 1502. As to debentures,
soe Issue o f April 1895.
Boston A Maine guarantees S I,328.000 first 5s of St. Johnsbury & Lake
Champlain. Also Interest on $274,000 Manchester A Lawrence 4s. Jointly
with M aine Central guarantees $300,000 Portland Union R y . Station (now
Portland Terminal C o.) bonds. V . 93, p. 940, 1323.
[Assumed by N . Y . Central R R . on consolidation. Doc. 23 1914.
'
D IV S .— f ’ 93. ’ 94-’98. ’ 99. ’00-’07. ’ 08. '09. ’ 10. ' l l . ’ 12.
1913.
B O N D S .— The $11,500.000 25-ycar 4% Impt. bonds aro iruar nrin and Common (% ) l 8
6 yly . 6M 7 y ly . 6*£ 6
6
5
4
1. 1. 0.
Int., by N ew Y ork Central & Hudson K lver H R .
m ortcairs ran ho
G E N E R A L F IN A N C E S .— On Sept. 1 1916 tho $13,306,060 o f short
placed on the property without
' “ eluding the bonds li? tho lien.
term notes o f the Boston & Maine, and the S2.300.000 o f notes o f the Ver
V . 86, p. 1099: V . 89. p. 102, V . 91, p. 396. V . 94, p.277. 1055 1316 1625
Tho 4% bonds mature $7,000,000 in 1933, $4,500,000 in 1934 knd $2 000 - mont Valley R R . endorsed by the Boston & Maine, became overdue asdid
also $2,000,000 o f notes o f Connecticut River R R . T o meet these claims
000 in 1935.— V. 96, p. 653. 651. 946. 1385. 1489, 1838; V . 97?p. 1838.
amounting to about $17,600,000 the road had $8,107,717 o f cash on hand
In June 1916 all bonds issued since tho leaso to tho N . Y O & 1 It RR
1
Co. had been guaranteed (prln. and Int.) by tho lessee.
'
' ’
' and $2,389,930 o f so-called quick assets, which-would probably have been
sacrificed except for the receivership.— V . 103, p. 1117.
D IV ID E N D S .— Slnoe 1900, 8
vi z.: 2% eaoh in March and Sept.;
3M % In Juno and 2 H % In Deo.
v *
E A R N IN G S .— 12 months ending Dec. 31;
Twelve
Gross
Net (after
Other
Fixed
Balance,
E A R N IN G S .— Report 1915 (V . 102, p. 602),
Months—
Earnings.
Taxes).
Income.
Charges.
Surplus.
Calendar
Operating Oner. In c.
Other
Interest,
Balance, 1916..............$55,383,545 $15,036,880 S I,205,835 $11,454,741 $4,787,974
"Y e a r—
ftecenuts. (after Taxes). Income.
Divs., A c.
Surplus.
............ $0,895,988 $415,841
$4,928,637 $2,383,192 1915.............. 47,703,918 10,996,362 1,108.026 10,325,388 1,779.000
1916 - - - - - - - 17,695.865
4,966,055
359,689
A N N U A L R E P O R T .— For year end. June 30 1916, V . 103, p. 1502.
4,544,402
781,342
— (V . 100, p. 228, 1078; V, 102, p. 608; V. 104, p. 558.)
Earnings.—
1915-16.
1914-15.
1913-14.
h
r
L
RR.*—R O A D .— Owns Boston to Lowell, 26 miles; Passongcr........................................... $15,028,316 $15,502,197 $16,111,548
f r o f h t ............ ...................... ............ 31.963,489 26.912,397 27.912,397
'> h « C
I
.heA5-mPoi? *n u a f,owel1’ 17 ralles; Lowell and Lawrence, 12 miles; M a il, express, A c ............................... 4,258,455
4,258,455 4,136,341
otm
S mil J dv el ex Central, 11 miles; leases— Connecticut A Paslumpslc,
Nashua A Lowell, 15 miles; Peterborough, 10 miles.
Tota l operating revenues................$52,075,427 $46,673,049 $48,160,286
Northern N .H . . 83 miles (and subsidiary lines 90 miles); Stony Brook R R .,
N ot income (after taxes)....................$15,059,2931 $9,983,584 $9,151,645
l5 rm-’ ~,1
1US7 f7 ,r'(in ™ :, ^ ea.les mostly assumed by Boston A Maine.
Leasod In 1887 f o r 2
® q J 0 . J e Boston & M aine at 7% per annum on Rentals, sinking fund. & c..................$8,268,125 $7,291,485 $7,878,442
,a S
1
Interost accrued................................. 2,725,477
3,026,561
3,317,945
stock till Jan. 1 1897 and 8% thereafter. V. 95, p. 1330. In Fob. 1917
B. & M . was in receiver s hands but rontal was boing regularly paid V 104
Balance, surplus or deficit........sur.$4.065,691 d e f.$334,462df.$2044,742
p. 255. Tho stockholders on Jan. 3 1917 authorized $20?),000 2l?-yoar bonds
to refund bonds duo Oct. 1 1917.— (V . 103, p. 60, 2340: V. 104, p. 255.)
O F F IC E R S .— Pres., James II. Hustis; Comptroller, W illiam J. Hobbs;
BOSTON & M A IN E R s y s t
e m
with its many branoh Treas., Herbert R . Wheeler. O ffice, Boston.— (V.104, p. 71,.255, 361,663.
lines covers the territory from Boston. Mass., to Portland.Me. (two lines),
B O S TO N & P R O V ID E N C E R R .— Owns Boston, Mass., to Providence,
Springfield, Mass., Sherbrooke, Can., Rotterdam Jet. and Troy. N Y
R . I., 43 miles; branches, 20 miles. Road is to be electrified and fourWorcester, Mass., to Portland, Me., and most of New Hampshire.
tracked. In Oct. 1916 plan in abeyance. Leased 99 years April 1 1888 to
Lines owned.
M iles. Jewett, Me., to Intervale N H
73 Old Colony R lt.; rental 10% yearly on stock, lease being modified in 1912.
Boston, Mass., to Rigby, Me.,
Portsmouth Electric R y
* 18 V. 95, p. 235. Tho N . Y . N . H . & Hartford on June 30 1916 owned $524,
via D over_____________________111 Westbrook, M o ., to Worcos600 stock. V. 94, p. 1249, 1507; V. 95. p. 235, 678, 817; V. 95, p. 235
Boston to R igby,M e.,via Portsm. 105
ter. Mass_____________
139 678, 817.)
14
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[ For abbreviations, & c., see notes on first page]
Miles
Date
Road Bonds
Bos & L ow — Stk auth ($7,679,400).
See description
Bonds 40 years not mortgage z ..
z ____ In "In vestors’
do
do
Bonds 20
z o * ____ Supplement"
do
do
Bonds do
z o *____ ot April 1895,
do
do
Bonds do
z ____ p. 2.
do
do
Bonds do
z ____ Boston&Malne
do
do
Bonds do
do
z o ____ gives a rental
do
Bonds do
z ____ guaranty for99
do
do
Bonds do
z c * ____ years.
do
Bonds do
do
do
Bonds do
do
______ _____ ____ ____ (refunding)]
Bonds $200,000 do
Boston & Maine— Stock, common and scrip-------- OB
Preferred stook 6% non-cumulatlve----------------OB
Im provem ent bonds s f not mortgage or subj tooall.z
Bonds (not mortgage) for Improvement & ref.zo& r
Bonds (not mortgage) gold------------------------ zo&r
Bonds exchanged for Fitchburg stook (V 70. p 175) .z
Bonds (not m ortgage), $1,000,000-------------------- z
Bonds $2,000,000 (not m o r tg a g e )........................ z
Bonds (not m ortgage), 20-year-------------------------z
Bonds (n o tm tg e ). cur________________________ zo&r
Bonds (not mortgage) $12,000,000-------------- zc&r
73
Portsm Gt Falls & Con 1st M assum-------------------z
(47
Worcester Nashua & Rooh first mortgage equally!
147
secured ($735,000 duo 1930 and $150,000 1935)zJ
One-year notes extended to Aug 31 ’ 16 (seo t e x t ).. z ___
do
not so extended-----------------------------63
Boston & Providence— Stock 10% guar 99 yrs Old Col
Bonds___________________________________________
Boston RR Holding C o— I ’ref stk 4% cum red llO .zgu
Boston Revere Beach & Lynn— Stook $1,020,000-.ls t M (V 65, p 68; V 83. p 379) $1,000,000 KSBzo* <
5 13.20
Boston Terminal Co— First mortgage ourr.-O B .-zod
B rinson R y— See Savannah & Northwestern R R .
1st ref M $5,000,080 g i
Buffalo New York & Erie- -See Erie Railroad
Par
Value
Amount
Outstanding
$100
1,000
1892
1,000
’97-’98
1.000
■99-’01
1,000
1903
1,000
1905
1.000
1906
1,000
1907
1909
1,000
1913 1,000 &c
1,000
1916
1917
100
100
1,000
1887
1892 1,000 &o
1,000
1894
1,000
1900
1,000
1901
1,000
1903
1905
1.000
l.OOO&c
1906
1.000&O
1909
500 &o
1877
1,000
Var.
1894
1,000
1913 5,000 &c
1913 5,000 &c
100
1,000
’88-’93
100
100
1897
1,000
1897 1,000 &o
$7,679,400
1.000,000
414,000
939,000
250,000
500,000
500,000
325,000
350.000
1,000,000
1.250,000
1,000
1,000
1,000
1,000
300,000
90,000
1.000,000
1,000,000
1910
1911
6 1891
1910
39,505,391
3,149,800
1,919,000
2,500,000
6.000,000
5,454,000
1,000,000
2,000,000
500,000
10,000,000
11,700.000
1,000,000
885.000
380,000
13,120,060
186,000
4,000,000
2,170,000
27.293,900
850,000
1,000,000
14,500,000
Rate
%
[V o l . 104
When
Payable
Last Dividend
and Maturity
J Jan 3 1917 4%
O Apr 1 1932
O Oot 1917 *1918
J 1919 & 1921
N May 1 1923
S Sept 1 1925
N N ov 1 1926
J July 1 1927
C April 1 1929
)
A Feb 1 1933
S Mar 1 1936
1937
See text
Q— J Apr 1 1913 1
See text M & s Uch 1 1913 3%
F & A Feb 1 1937
4
F & A Aug 1 1943
4
4)4 e J & J Jan 1 1944
J & J July 1 1950
3 k
M & N Nov 1 1921
3)4
J & J Jan 1 1923
3 «
F & A Feb 2 1925
3)4
4
M & S Sept 1 1920
A & O April 1 1929
4)4
J & I) June 1 1937
4H
4
J & .1Jan 1 1930&’35
4
A «c O Oct 1 1934
Text Aug 31 1916
6
A & O M a r to July '16
6
10
Q— J Jan 2 1917 2)4
J & J July 1 1918
4
J & JIG Jan 10 1917 2%
4
6 In 1916 Q — J Jan 1 T7 1)4%
4M e J & J15 July 15 1927
Feb 1 1947
T e xt
3)4
8
4
4
3)4
3H
3X
4
4
4
4)4
5
5 S
4
5g
5e
J &
A &
A &
J &
M &
M &
M &
J &
A &
F &
iV &
l
J
V
J
J
&
&
&
&
J Jan 1 1930
8 Sept 1 1931
J Jan 1 1941
J Jan 1 1961
Places Where Interest ant
Dividends are Payable
A t Office, Boston
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A t Off. Causeway St..Bos
do
do
do
do
do
do
July 1916 int unpaid
do
do 1
M a y 1916 interest unpaid
July 1916 interest unpaid
Int due Sopt 1 ’ 16 not pd
Int duo Oct 1 ’ 16 not pd
do
do
Amer Trust Co, Boston
do
do
Interest discounted
Overduo
Treasurer’s office. Boston
do
do
Office, or checks mailed
State St Trust Co. Boston
Merch National Bk, Bost
St Louis Union Trust Oo
Now Y ork Trust Oo.
U S Mort & T r Co. N Y
do
do
BOSTON R A IL R O A D H O LD IN G CO.— Incorporated In Massachusetts 6% for purchase of bonds Sept. 1 and May 1, respectively, at 105 and Int.: If
not purchasable, bonds may be drawn by lot. Series D & fi may also be called
June 18 1909 under special A ct with power to hold securities of Boston &
as an entirety at 105. Series F may be purchased by sinking fund at not
Maino. Th e N . Y . N . II. & Hartford owns $3,106,500 common stock,
over par or drawn by lot at par and mav also be drawn at 102 and Int. on
and as guarantor has paid the prof. divs. which the Co. could not meet.
Owns $21,918,900 common and $654,300 pref. stock ot the Boston & Me , any Int. day. V . 84, p. 1365: V . 85, p. 283. 414, 863. Series G have an an
nual 6% sinking fund to retire bonds at par and int.; If not purchasable,
or 52.9% of stk., for which has been Issued $27,293,900 non-voting 4% cum.
pref. stock, redeemable at 110, guar., prln. & divs., by endorsement by the bonds to bo drawn by lot. V . 89, p. 468; V . 91, p. 400; V . 93, p. 1785, 939:
V . 94, p. 122; V . 97, p. 364. Series I I , V . 97, p. 1582; V . 98, p. 1459.
$24,493,900. V. 93, p. 870, 1461; V. 94. p. 205; V . 95, p. 968.
E A R N I N G S — Six months July 1 to Dec. 31:
In March 1914, under order o f court to divorce the system, tho B. & M .
Gross.
Net.
Other In c.
Charges.
Dal.,Sur.
stock was transferred to fiv e trustees, viz.; Marcus P . Knowlton and
1916.............. $6,768,749 $1,609,586 $525,414 $1,061,969 $1,083,031
James L . Doherty of Springfield, Mass.; Henry B. D ay and Charles P .
1,573,170
416,238
1,071,779
917,629
H all o f Boston; Frank P . Carpenter o f Manchester, N . H ., with orders to 1915 .............. 5,978,013
sell tho same (as extended in Oct. 1916) before Jan. 1 1918. As to receiver
A N N U A L R E P O R T .— Fiscal year ends Juno 30. T h e annual meeting
ship o f B . & M . In Aug. 1916, seo that company abovo. V. 99, p. 47,4120, Is held at N ow Y ork on tho third M onday in N ovem bor. T h e report for
198. 270, 467, 1129, 1221; V. 98, p. 234, 999: V. 92, p. 117, 185, 259, 460; 1915-16 was given at length In V . 103, p. 574, 589.
V.190, p. 1012. President, Marcus P . Knowlton.— (V . 99, p. 1213.)
1913-14.
1914-15.
June 30 Years—
1915-16.
BOSTON RE VER E BEACH & LY N N R R .— Owns narrow-gauge road Passenger____________________________ S I, 144,892
$1,101,981 $1,184,417
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by com Freight______________________________ 10.381,647
9.153,942
8,022,690
pany’s ferryboats; East Boston to Winthrop, 5 miies; also Wlnthrop to
396,332
355,265
M a il, express, &c___________________
444,480
Point Shirley, 1 mile. V. 94, p. 982; V . 95, p. 1121, 1402.
D IV ID E N D S .—
I ’97-’05. ’06. '07. ’08-T0. ’ l l . 1912 to Jan 1917
Total operating revenues____ ....... $11,971,019 $9,479,936 $10,734,691
5 6 yly. 7'A 6% y ly . (1 M % Q -J)
$2,314,087 $2,535,574
-Since 1894____________ l 2 y ly .
4
‘ '
N et, after taxes________________ ........$3,072,101
In i. & Tax. Divs. Paid.
Balance.
Yr. end. June 30; Gross.
Net.
718,646
820.224
Other incomo__________________ ____ 1,016,099
$94,673 (6% )$51,000 def.S4,358
,1915-16..............$965,834 $141,315
74,772 (6 % ) 51,000 sur. 11,097
Gross in c o m o ..................
$4,088,200 $3,032,733 $3,355,798
1914-15________ 951,083 136,870
...
.
,
D oficit in 1915-16 was met from sale o f lands for $13,143.— (V.9 8,p.l8 44 .)
Rents accrued for leaso o f roads------$373,500
$373,500
$373,600
Interest accrued on funded debt_____
1,412,177
1,437,578
1,311,387
B O S T O N T E R M IN A L C O .— Owns Southern Union Depot in Boston,
Other interest and rents____________
361,309
330,444
332,o59
opened in 1899. V . 68, p. 40; V. 69, p. 591. N . Y . Central (Boston & A l
127,394
65,414
74,104
bany), Boston & P rov., Old Colony and N . Y . N . I I . & Hartford R R . cos. N ow equipment_______________
521,000
1
274,247
own tho $500,000 capital stock and pay as rental in monthly installments Retirement o f equipment bonds------360,000
sums sufficient to pay all expenses, charges, interest on bonds and 4% on Dividends on preferred stock ( 6 % ) . .
stock. These companies are jointly liable for any deficiency in case o f Dividends on common stock_______ (4%)420,000(4%)420,000(6%)630,000
■foreclosure. Reg. int. Q .-F.: coup., F. & A .— (V . 93. p. 1598.)
Balance, surplus__________________
$512,820
-------—
B O Y N E C I T Y G A Y L O R D & A L P E N A R R .— Th e tentative plan o f
In 1915-16 carried 8,905,421 tons o f bituminous coal (out o f 14,133,868
ireorganization calls for an Issue o f $800,000 First M tgo. 20-year 5s, with total tons o f freight m oved), against 7,107,857 in 1914-15.
a first lien on the line as projected from Boyne C ity to Alpena, M ich., about
100 miles o f railroad. Michigan Trust C o., Grand Rapids, Is receiver.—
O F F IC E R S .— Pres., W m . T . Noonan, Rochester; V .-P ., Adrian Iselin
Jr. and W . Emlen Roosevelt, N . Y .; Treas., J. F . Dlnkoy, Rochester; Soc
<V. 104, p. 663, 558.)
and Asst. Treas., Ernest Iselin, N ew York.
B R O W N S V IL L E & M A T A M O R O S B R ID G E C O .— Owns International
stool bridgo over tho Rio Grande R iver between Brownsvillo, Tex., and
Directors— Henry G. Barbey, A . Iselin Jr., W m . E. Iselin, W alter G.
Matam oros, M ox., connecting St. Louis Brownsvillo & M exico R y . (N ew
Oakman, C. O’ D. Iselin, W . T . Noonan, George E. Roosevelt, W . En len
Orleans Texas & Moxico) and N ational Rys. o f M exico. Stock, $650,000, Roosovelt, Ernest Iselin, O ’ Donnell Iselin, Oscar Grlsch. Samuol W oolverouo-half (oxcopt directors’ shares) owned by each o f said companies, which ton, Hamilton F . Kean. N . Y . office, 36 W all St.— (V . 103, p. 674.)
join tly guarantee both classes o f bonds. In Jan. 1917 all coupons on 1st
B U F F A L O & S U S Q U E H A N N A R A IL R O A D C O R P .— (See M a p .)—
mtgo. bonds had been paid to date.
H ow ever, int. duo J. & J. 1916 was
Owns from Sagamore, Pa., to W ellsville, N . Y . , with several branch lines,
advanced by N . O. T . & M . R y ., who were reimbursed by St. L . B. & M .
R y . until such tim e as conditions shall permit earning and paying it back, incl. 15 miles trackage. Total mileage, 252. Incorp. in Pennsylvania and
the National Rys. o f Moxico being temporarily in the hands o f tho Consti- succeeded Dec. 31 1913, per plan V . 97, p. 1503, the B. & S. RR., foreclosed
Dec. 6 1913. V . 97, p. 1582; V . 93, p. 1596. For description o f property
tionalists. 1st M ., $333,000 auth. Seo National R ys., V. 94, p. 277.
see annual report for 1914 in V . 100, p. 1007; also p. 980.
Connects at
B U F F A LO C R E E K R R .— Owns 6 miles of terminal road In Buffalo, N . Y . Wellsvillo with W ellsville & Buffalo R R . for Buffalo.
In Deo. 1889 leased for term of charter less one day to the Lehigh Valley and
She Erie R R ., which together own entire capital stook of $250,000. Rental
S T O C K .— Authorized (par $100), common. $3,000,000: 4% pref. (p . &
is int. on bonds, 7% on stock and organ, oxponses. First rof. bonds are Is d . ) , cumulative after Jan. 1 1915, $4,000,000. W ill be held in voting trust
suable to rotlro old 5s. V . 92, p. 259, 593: V . 93, p. 43.— (V . 93, p. 43.)
for not over 5 years; P . G . Bartlett and J. 8. Farloe o f N . Y . and Edward B.
Smith, Phtla., voting trustees. Listed in Philadelphia. V . 100. p. 1591.
B U F F A LO ROCHESTER & PITTSB U RG H R A I L W A Y .— (See M a p .) —
Operates from Buffalo and Roch.. N . Y .. to bituminous coal regions.
D IV S . (seo V . 103, p.2078).July 15 1915.
T 1916.
„
nm
Trackage (Concluded) —
M iles.
Lines owned in fee—
M ile s .'
.
Preferred stock____________ (N o. 1) 2 % . Jan., 2% ; July, 2% ; D ec., 2% .
W illow Grove to Pittsburgh, P a . 7 Common stock______________________ - - Aug., 1%; O ct., 1%; D ec., 3%
Buffalo Creek, N . Y ., to M t.
Early In 1917, it Is expected, a regular dividend period w ill bo adopteu.
Jewett, P a _____________________ 98 Penn. R R .— Penn. R R . Jot. to
Shuman Run Y , P a _________20
Olarlon Jot. to Lindsey, P a -------- 59
B O N D S .— The first M . bonds ($10,000,000 auth.) aro secured on the en
Rochester to Ashford, N . Y _____ 94 O th er_________________________ 8
tire property and further by deposits o f mortgages aggregating$1.220,309
Leased— Stock not owned—
Charlotte, N . Y „ to Lincoln Park 10
on coal lands o f the Powhatan Coal & Coke Co., and o f a second mortgage
Allegheny & Western— a
Indiana Branch_________________ 70
for $1,300,000 on the properties of tho Buffalo & Susqeuhanna Coal & Coke
Punxsutawney to Butler, Pa.,
Seven branches_________________ 36
C o., and o f all the stock o f the Addison & Susquehanna R R . and all the
&o__________________________ 62
Trackage—
stock and bonds o f tho W ellsville Coudersport * Pine C^eek R R ., and or all
Erie— M t. Jewett to Clarion Jot- 20 Clearfield & Mahoning— a
Clearfield to Beech Creek R R — 26 tho stock o f tho Keystone Store Co. V . 73. P-619. 899: v - 84, p. 748.
B .& O .— Butler. P a., to A llo’he'y 41
_________ to N ew __________ ___
Rlbold Jet._ ____ Castlo----- 33 Mahoning Valley R R _____________ 2 O f the bonds, $6,959,000 have been Issued. T h e remaining $3,041,000
T o ta l June 30 1916 (a See separate statement for this com pany)— 586 bonds, or any o f thorn, may bear not to exceed 5% interest and can bo Issued
only for additions, extensions, Improvements, acquisitions o f property or
O R G A N IZ A T IO N , & C .— Successor in 1887 to Rochester & P ittsb .,fo ro - acquiring or discharging liens on property o f corporations in which 90% of
stock is owned. Sinking fund for redemption o f bonds at not to exceed par
ClT h o,onUre«u\i1
taU to d r ($4 JJOO.OOO) o f tho R o c h e s te r* Pittsburgh Coal and int., $50,000 per ann. for 35 years; also all sums in excoss o f $50,000 per
& Iron Co. (V . 66, p. 1088). carrying control o f tho Jofferson & Clearfield ann. rocelved on account o f principal o f any mortgages held as collateral
Coal & Iron C o., was transferred in 1906 (subject to the lien o f the genera
under such mortgage and any further payments authorized in case o f Issue
mortgage) to tho Mahoning Investment C o., having S4,200,000 authorized o f further bonds or otherwise. Bonds retired through operation of the
(took,In $100 shares. In consideration of $4,125,000 stock, the latter being sinking fund to bo held alivo. T o Jan. 1 1917 $340,200 had been retired.
distributed Deo. 1906 pro rata In proportion of 25% among the holders of V . 97, p. 1503; V. 98, p. 1765: V . 100. p. 980, 1006.
R y . common and pref. stocks. V . 83, p. 1468; V . 8o, p. 414, 415, report,
V. 103, p. 1030. For bonds of these coal companies see mlscel.cos. Clear
B U F F A L O & S U S Q U E H A N N A C O AL & C O KE CO.— This company
field &’ Mahoning securities are guaranteed.
the $1,300,000 2d M . 5% bonds o f which are owned by tho B. & 8. RR.:
D IV S .— J’02. ’0 3 .’04-’06. ’07*: "08.’09 .’ 10. ’ l l . ’ 12. ’ 13. T 4 . ’ 15 ’ 16 ’ 17 Corp.. owns coal lands at Du Bote, Onondaga and Sagamore Pa.
Six mines In operation. V . 77, p. 1301; V . 79, p. 2091-92; V. 82, p. 1322,
Oom m on%l 4 5M 6 y ’ly 5 H 4 H 4 4
5 5I| 6 5,
4 5Txt
V . 85, p. 1268. 1st M . 5% bonds, $1,500,000. held by public.
In Aug. 1916 tho common div. was increased to 3% semi-annually— 6%
per annum. 1917 Feb. 3 % .
..
. . .
.
P O W H A T A N C O AL & C O K E CO.— This oompany, all of whose bonds
Mahoning Investment Co. (seo above) paid on Its stock in 1907, 2% ; in are owned by the B. & S. R R . Corp,, owns coal lands at Tyler and at
1908, 4% ; 1912 and 1913, 3% ; 1914, 2 )4 % ; nono since to Jan. 1917. V.
Sykes. Its coking plants have a capacity o f 800 tons o f coke da lly. Keystone
88 P. 685; V. 94, p. 419: V . 99, p. 233. Compare above, V . 85, p. 283.
Store C o., stock $50,000. all owned by R R . Corp.
B O N DS.— General 5s for $5,573,000 are reserved for prior bonds, &o.
R E P O R T .— For cal. years 1916 and 1915 (V . 104, p. 559; V. 102. P-436)
The $35,000,000 50-year consols are to bear not over 4 M% Int., $3,000,
1916.
1915.
1916.
1915.
000 were issuable at once. $18,145,000 to retire underlying obligations at
$
$
or before m aturity and the remaining $13,855,000 for futurorequirements.
V . 84. p. 867, 1306; V. 85, p. 39. 414; V. 95. p. 361, 749; V . 98, p. 999. Operating revs. . 1,678,686 1,532,863 In t. 1st M . bon ds..261,522 270,015
do equip, ob llg. 4,804 15,051
N e t (after taxes) 402,537
292,267
1070. 1155, 1315; V . 99. p. 118. 1748; V. 100, p. 228.
. T , „
,
214,020 Rents, & c................ 35.200 28,028
Equipment Bonds.— A sinking fund of 5% will retire series A , B & C Add— Hire equip. 316,591
Invest’ts, & c. 190,949
189,529 Pref. divs. (4 % )____ 160,000 160,000
equipment bonds annually on M ay 1, If purchasable at or below par; other
695.816 Com. d ivs____(5% ) 150,000 --------wise to be applied to the purchase of additional equipment. V . 68, p. 1131: Total net.......... 910,077
Balance, surplus___298,551 222,722
V .71, p.501; V . 73, p. 348. Series D and E have an annual sinking fund of
F e b ., 1917.|
RAILWAY STOCKS AND BONDS
15
16
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
P ar
Value
Amount
Outstanding
Rate
When
Payable
[V o l . 104
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
c
*100 *10.500,000 5 In 1916 F S A Fob 16 1917 3 36 W all St. New York
c
do
do
6.000.00C 6 in 1916 F S A Feb 15 1917 3
100
F A A Feb 1 1921
1,300,000
6 g
do
do
R & P 1st M gold Rochester to Salamanca. Un.zo'
104 1881
1,000
J St D Deo 1 1922
3,920.000
do
do
1,000
6 g
Rochester S Pittsburgh con M g _____ _______ Un.zo'
c
234 1882
M St S Sept 1 1937
5 2
do
do
1.000
4,427.000
253 1887
B R & P first gen m tge ($10,000,000) g o ld .. Un.zo'
350,000
5 g
■ & J Jan 1 1939
J
do
do
1 1889
C
1.000
Lino P & Chari 1st M gold guar_____ _____ .U n .zo'
c
9,712,000
4)4 2 M S N May 1 1957
do
do
B R Sc P oonsol m tge $35,000,000 gold -.C e.x .o’ &i
367 1907 1,000 Ao
c
do
do
1,000
2.392.000
4)4 g M S N May 1919-20-21
’ 99-01
Equipment bonds A B & C , each gold s I ________Gs
do
do
1,000
499,000
1902
4)4 g vr A N N ov 1 1919
do
do D $2,000,000 gold red 105 sink fundj
do
do
1,000
924.000
4)4 g M & N May 1 1922
do
do E $2,000,000 gold red 105 sink fundj i
. . . 1904
1,427,000
do
do
1907
1,000
4)4 2 A A O Apr 1 1927
do
do F $3,000,000 gold red sinking fu nd .j 1
A S O Oot 11929
c
do
do
4 2
1909
1,000
2,276,000
do
do G $3,000,000 gold Sinking fund Q xc'
...
J Sc J Jan ’ 18-Jan ’ 30 ’
do
do
5g
1,000
1.625,000
1913
do
do H gold *125,000 due yly text.O .xc"
Various Dec 30 1916 3% B y trustee’s check on N Y
3,000.000
10J
B u ff & Susq R R C orp— Common stock *3,000,000
do
do
100
4,000,000 See text See text Dec 30 ’ 16. 2%
Preferred stock 4% cumulative_____________________
E. B. Smith & C o.. N . Y .
■) &
J Dec 30 1963
100 &c
6.959.000
4g
First mortgage *10,000.000 gold......................Eq.x
F & A Aug 1917
Columbia Trnst Co. N . Y .
1,000
43.000
5
1907
Equipment trust Ser C (V . 85P.283) $45,000s-a PeP
B u llfro g -G o ld fie ld R R — See Las Vegas Sc Tonop Co
c
Burlington Cedar Rapids & Northern— See Chicago R ook Is) and S Paolflo R y.
Burlington & Missouri Valley— See Chicago Burlington & Q
F Sc A Fob 1 1944
3,000,000
Guaranty T r C o, N Y
1,000
5g
B u tte A & P— 1st M *5.000,000 g gu red tex t.y c*& r*
*140 1914
See text
M S S Mcb 1 1961
c
1,000
1.699,000
4
25 1911
Cairo & Thebes RR — First m o rtg a g e.............. - . . . x
C alga ry & E dm onton— See Canadian Pacific R y
California Pacific— See Southern Paolflo R R .
A & o Oct 1 1934
Anglo-Cal T r Co. San F
See text
6
51 1914
Cal W R R & N— N ew mortgage *750,000.............
C am bria & C le a r fie ld — See Pennsylvania R R
M Sc N M a y 1 1936
Girard Trust Co. Phlla
734,000
5g
1,000
26 1911
C am bria & In d ia n a R R — 1st M g red 102)4 Q Pxc*& r
J St J Jan 1917 3% Broad St Station, Phlla
25
500,900
6
39
Camden & Burlington County— Stook 6% guaranteed
1,000
do
do
350.000
4 K F Sc A Feb 1 1927
First M g gu p A 1 by Un N J R R «S Can Co.G P.xo*
c
30 1897
A Sc O Oct 1 1921
6
M ichTrC o, GrRap.M Ich
100,000
8 1911
100
C am lno P la c e rv ille & L a k e T a h o e R R — 1st M ----C an ad a A tla n t ic — See Grand Trunk R
1,000
740,000
5 g J Sc J Dec 31 1930
Royal T r Co. Montreal
36 1910
C an ada & G u lf T erm in
*740;000 gold
100 15.000,000
3
P A A Feb 1 1917 1)4 Grand Cent Term , N Y
Canada Southern— Stock
A Sc () Oct 1 1962
do
do
380 1912 1,000 &c 22.500.000
5g
Cons guar gold bonds (1st M on m ainline) G .zc*& r*
1,000
130.000
A S O Oct 1 1945
c
Leamington & St Clair 1st M g gu p & 1 (en d )..zo *
14 1895
Agts Bk of Montreal. N Y
4 2
D IR E C T O R S (and O ff leers) .— E . R . Darlow (Pres.). Edward B . Smith
(V .-Pros.), Philip G. B artlett, R adcliffe Cheston Jr., Herbert I I . Dean,
Jacob S. Farlee, Frank E. H all, Percy C. Madeira, W . Hinckle Smith,
Julius F. Wurkum, Charlton Yarnall, Albert L . Smith and J. Rutherford
M cAllister. F . E . H all Is Sec.-Treas.— (V . 103, p. 60, 664, 2078; V. 104,
p. 559.)
B U F F A L O St S U S Q U E H A N N A R Y .— See W ellsville Sc Buffalo R R .
"B U R L IN G T O N .” — See C H ICA G O B U R L IN G T O N Sc Q U IN C Y R R .
B U T T E A N A C O N D A & P A C IF IC R Y .— Owns Butte to Anaconda;
M on t:, and west to Southern Cross, 49 miles; spurs, 34 m.: sidings, 57 m.total, 138 m.; also leases Stuart to Anaconda, 9 m.: total, 149 miles, o f
which 122 miles operated electrically. V. 97, p. 1114; V . 96, p. 135. Stock,
*2,500,000, o f which Anaconda Copper Co. owns 51% and Chic. M ilw . &
St. Paul R y . 49% . Dividends: 1910 and 1911, 6% ; 1912. 3% and 150%
Instock; year ending June 30 1915, 5 % . Bonds ($5,000,000 auth. issue),
o f which *3,000,000 have been sold, are guaranteed prin.and lnt. by Ana
conda Copper M ining Co. Redeemable for sinking fund at 105 on any In
terest day since Feb. 1 1915. V. 98. p. 837. For year onding Dec. 31
1916. gross, *2.168,132; net, *703.336: other Income, *30,323; charges,
*206.320; divs. (1 0 % ), *300,000; bal., sur., *227,339.— (V . 101, p. 1884.)
C AIR O & THEBES R R .— Owns Cairo, 111., to the bridge aoross the
Mississippi R iver at Thebes, 111., 25 miles. Leased to St. Louis Iron Mtn.
Sc Southern R y . for 99 years from Mch. 1 1911, rental covering Interest on
an authorized Issue o f *2,000.000 4% bonds, o f which *1.699,000 are Issued
and outstanding, all owned by L . & N . Under modified lease St. Louis
Sc San Fran, and St. Louis S. W . can use the terminals when they apply.
V . 95, p. 1121. Columbia Trust Co. o f Louisville, K y ., trustee. Stock,
*10,000; par, *100. Pres., A . Robertson. St. Louis.— (V . 95, p. 1121.)
C A L G A R Y & E D M O N TO N R Y .— Owns Calgary Jet., Canada, to Ed
monton, Canada, 192.8 miles, and to Fort M cLeod, Canada, 107 miles: Wetaskiwin to Hardisty, 100.2 m.; Lacombe to Kerrobert, 223.1 m.; total,
623.4 miles. V . 93, p. 1785; V. 94, p. 910.
In 1903 re-leased to Canadian Pacific (which owns entire *1,000.000 stock
and *5,900,000 1st M . 4% bonds) for 99 years: debenture stock Interest
is guaranteed at 4% . In 2002 the bonds w ill be paid or a further lease en
tered into. V . 76. p. 434: V . 77, p. 1224; V . 80, p. 116.— (V . 94. p. 910.)
C A L IF O R N IA -W E S T E R N RR . & N A V IG A T IO N CO.— Owns F t. Bragg.
C al., to W illlts, 50.66 m . Stock auth., *1,000,000; par, *100. Dividends
paid year 1909, 2 )4 % ; 1910, 7 )4 % ; 1911, 10%; 1912. 10%: 1913-14,none.
M ortgage covers also terminals and railroad wharf. Bonds are guar.,
p . & L , by Union Lumber Co. V. 99, p. 894, 1213; V. 100. p. 1436. Year
ending June 30 1915, railroad gross, *258,410; net, $131,831; other income,
*9,587; int., rentals, &c., $48,015.— (V . 100, p. 1436.)
C A M B R IA & IN D IA N A R R .— Colver Heights to M anver, P a .. 21.8 m.;
Colver Jet. to Rcxis, 4.25 m.; total, 26.05 miles. Stock, $600,000. Bonds
(*900,000 authorized issue) have a sinking fund o f 2 cts. per gross ton on
all coal originating and shipped over the line; minimum payment, *16,000.
Equipment trusts June 30 1916, *147,000. Series “ A ’ 5s, duo annually
to Sept. 1 1921; *164,000 “ B ” 5s, duo annually to Fob. 1 1927; *240,000
" O ” 5s, due annually, to Feb. 1 1928; *3,937 " D " 5s. duo annually to
Feb. 1 1928., and *312,000 Series “ E ” 5s, duo part annually to M a y 1 1929.
E A R N IN G S .— For 12 months to Juno 30 1916, gross, *273,091; net,
*46,906; other income, *193,525; interest, taxes, rentals, &c., *104,249;
bal., sur., $136,182. Pres., B. Dawson Coleman; Sec. & Troas., A . J.
Rapp. Office, Land T itle Building, Philadelphia, Pa.
CAM D EN & B U R L IN G T O N C O U N T Y R Y .— Owns from Pavoniai,
N . J., to Pemberton, N . J.. 22.34 miles; branch, Burlington, N . J., to M t.
H olly. 7.12 m.; connection with P. &. A . R R . at Birmingham, N . J., 0.39
m.; other branches, 8.92 m.; total, 38.77 m. Organized in 1915 as a con
solidation. Auth. capital stock, *800,000. V . 101, p. 46, 1092; V. 102,
p. 65. Operated under lease by Penn. R R ., which guarantees 6% on stock.
In 1915, gross, *287,194; oper. def., *1,100; loss to lessee under rental,
$27,087.— (V . 101, p. 46. 1092.)
C A M IN O P L A C E R V IL L E & L A K E T A H O E R R .— Placerville to
Camlno. Cal., 8.05 miles. Stock, $100,000. Bonds, see table. Year
ending June 30 1916, gross, *5,082; def., $5,957. Pres. & Gen. M g r.,
C. D . Danaher; Sec. Sc Treas., G. L . Chamberlain. Office, Camlno, Cai.
C A N A D A & G U L F T E R M IN A L R Y .— Owns Ste. Favle to M atane,
Que., 36 miles. Stock authorized. *4,000,000; par *100. Bonds, seo
table. Pres., M . J. O’Brien, Montreal, Que.; V.-Pres., H . J. Lyons,
M atane, Que.; Sec.-Treas., Hugh Doheny, M ontreal, Que.
C A N A D A M IC H . & C H IC A G O .— Bonds worthless.— (V . 63, p.8 3 8 .)
C A N A D A S O U T H E R N R Y .— (See M aps New York Central Lines.)—
R O A D .— Main line from Suspension Bridge station, including the Cantilever
Bridge, to Windsor. Ont., 226 m.; branches to Courtright, Ont., &c., and
controlled lines, 154 m .: total, 380 m.; Canada So. Bridge, 2 H m . Track
age. St. Thomas to London, Ont.. 15 m. Double track, 242 miles.
O R G A N IZ A T IO N , ETC .— The company was chartered In Canada
Feb. 28 1868 and d£bt readjusted In 1878. In 1903 made a new lease to
Mich. Cent, for 999 years, the latter, which owns $7,810,000 stook, guaran
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
*2.000,000 consols, o f Toronto Hamilton & Buffalo R y . (which seo).
Th e M ich. Cent, guarantees, prin.and lnt. o f *40,000,000 50-year bonds,
Int. not to exceed 5% , of which *22.500,000 6s were sold to refund the
*14,000,000 6s and *6,000,000 5s maturing Jan. 1 and M ch. 1 1913, respec
tively, and to cover the cost o f Improvements made and to be made. Th e
remaining *17,600.000 are reserved to refund the *130,000 divisional bonds
and for additions, extensions. Improvements and additions at not over
3,000,000 yearly. Bonds arefree o f Canadian taxes. V. 95, p. 1607,1744
r . 96. p. 134, 200. 789, 1421.— (V . 96. p. 553, 789, 1421, 1884, 1972.)
V...............
'
‘
................
........
C A N A D IA N N O R T H E R N R A I L W A Y S Y S T E M .— (Sec M a p .).— The
Canadian Northern R y. System, with a maximum grade o f practically )4
o f 1% , in July 1916 had in operation 9.450 miles, extending from Quebec
Montreal and Toronto to Vancouver and Victoria, B. 0 ., with many
branches and intersecting lines in the provinces of Quebec, Ontario, Manltoba, Saskatchewan and Alberta
I t has in effect preatlealty three main
line divisions beginning west o f Winnipeg, viz.: (1) the Transcontinental
Division, passing through Edmonton, on the way to British Columbia; (2)
Northern Division, extending to Prince Albert, (3) the Southern Division,
passing through Brandon and Regina, and reaching Calgary by w ay o f the
Goose Lake country, rich in its production o f grain, cattle and domestic
coal. V . 103, p. 664, 238.
In Dec. 1916 for war purposes It was proposed to remove and send to
France 220 miles o f the line west o f Edmonton, using Instead the parallel
line o f the Government’s extension o f the Grand Trunk Pacflic R y . V .
103, p. 2340.
In 1916 Canadian Parliament granted company a $15,000,000 loan.
A bill passed by the Dominion Legislature In June 1914 and approved by
the Crown provided for (a) the guaranty by the G ovt, o f *45,000,000 addi
tional 4% bonds or debentures to aid in completing the system to a total
o f 9,876 miles; (ft) an Increase in the capital stock to *100,000.000, o f which
*40.000.000 to be owned by Canadian G ovt, and *60,000,000 by M ac
kenzie, Mann Sc C o., L td .
Th e last-named turn over to tho Cana
dian Northern R y . Co. the bulk o f their stock holdings In the allied railways
and the beneficial Interest In the associated express, steamship, telegraph,
&c., properties. Th e ownership o f the system is therefore concentrated In
the Canadian Northern R y . C o., which holds the following amounts o f
stock in the several associated companies whose lines, built or building,
aggregated the mileage hero shown (compare V . 98, p. 1600, 1607 1918):
Mileage Operated Feb. 1916— Capital Stock Owned June 30 1916.
M iles op. ---- Capital Stock 1916---*See separate statement for this company. Feb' 16.
Total.
Owned.
♦Canadian Northern Pacific R y ............... 600 *25,000,000 *25,000,000
Canadian Northern Alberta R y ............... 252
3,000,000
3,000.000
Canadian N orth Western R y . . ................. 268
2,000,000
2,000.000
Canadian Northern R y ___________________ 4,773
Seo above
Canadian Northern Saskatchewan R y —
50
1,000,000
1,000,000
10,000,000
10,000,000
♦Canadian Northern Ontario R y __________1,545
Irondalo Ban. & O ttawa....................
55
53,500
53,000
3,331,000
3.329,000
♦Central Ontario R y . ................................ 165
55
1,395.000
1,395,000
♦Bay o f Qulnto R y . . ................................
Brock. W estp. & N . W .............................
45
Fee owned
♦Canadian Northern Quebec R y _________ 354
9,550,000
7,144,600
♦Q u eb ec* Lako St. John........................... 309
4,524,000
4,002,800
H alifax & S. W . R y ........ ......................... 370
1,000,000
925,000
♦Duluth Winnipeg & Pacific R y ............... 172
6,000,000
3,060,000
T o t a l..................................................... 8,913
Th e Can. N o r. R y . Co. also owns all the capital stock severally or the
Canadian N or. M anitoba R y . (projected), $250,090 Can. N or. System
Terminals, Ltd. (V . 85, p. 863). *2,000,000, M t. Royal Tunnel & Terminal
(see that company) *5,000,000, &c .
The first 332 miles o f Hudson Bay R y . being built by G ovt, botween Le
Pas and Port Nelson, 418 miles, has been mostly completed and construc
tion in progress on remainder. V . 93, p. 52; V . 102, p. 712.
L E A S E D L IN E S .— The Manitoba lines o f the Northern Pacific R y .
351 miles, are sublet from the Provincial G ovt, for 999 years from M ay 30
1901 at $210,000 annually for the first 10 years, then $225,000 for 10 years,
then $275,000 for 10 years, and thereafter $300,000, with option of purchase
for *7,000,000. Manitoba G ovt, has option to purchase said property in
1929. V . 72, d . 437; V. 73. p. 615.
Qu’Appelle Long Lake & Sask. deb. stk., V . 83, p. 214, 324, 688, 1036.
C A P I T A L S T O C K .— O f the *125,000,000 cap. stock as Increased In
1914, *25,000,000 Is issuable only in exchange for income charge stk.;
$40,000,000 is owned by Can. G ovt, and *60.000,000 by Mackenzie, Mann
& Co.. Ltd. V. 98, p. 1600; V . 100, p. 393.
F U N D E D D E B T .— Th e "issued” funded debt o f the entire system,
9.599 miles, not including 394 miles o f leased linos, was given in detail as
o f April 15 1916, In V. 102, p. 1981, including amounts pledged.
Th e Issue o f *45,000,000 debenture stock was guaranteed in 1914, princi
pal and Interost, by the Dominion G ovt, under plan outlined in V. 98, p.
1600. 1607, 1918. In M a y 1916 $44,866,667 o f this Issue had been disposed
o f as follows: Sold in 1914 and 1915. *17,033.333 (£3.500,000); pledged
with Dominion G ov t, against advanco o f *10,000,000 Dominion notes,
$12,500,000; pledged as part security for 2-year 6% notes for $11,500,000,
$15,333,333. Seo also V. 102, p. 1982; V. 99. p. 269, 341, 536, 747. 1129,
1450; V. 100. p. 307. 1591.
„ , t , ,
The £2,555,600 4% first mortgago consolidated debenture bonds o f
1901 havo principal and int. guaranteed by G ovt, o f Manitoba. A part
o f this Issue Is held in trust to retire: (a) £105,300 M anitoba Sc South
eastern 4% first lien on 108 miles, assumed; (b) £233,700 Canadian
Northern R y ., Sifton branch,4% bonds,secured on 197 miles Sifton Junc
tion to Erwood, guaranteed, prin. and int., by Manitoba Government;
(c) £500 Gilbert Plains 4% bonds. V . 80. p. 116; V . 78. p. 1274: V . 79.
p. 2794; V . 81. p. 1607; V . 82, p.568.
, „
Particulars regarding various o f tho securities issued wero given In V . 102
p. 1981, also as follows: (a) Perpetual consolidated debenture stock, V . 76,
p. 1247; V . 77, p. 87: V . 80. p. 996: V. 81. p . 1609; V. 86. p. 1099; V . 87, p.
36; V. 89, p. 1279; V. 90. p. 770, 1424. 1489; V . 93, p. 406; V. 94, p. 1695:
V. 98. p. 1601. (6) 3% 1st M . debenture stock, guaranteed by Dom inion
Government, dated July 29 1903, V . 80. p. 1234; V. 76, p. 1299. (c) Cana
dian Northern Alberta. V. 90. p. 1295; V. 92. p. 794. 880: V. 93, p. 162;
V . 96, p. 284. id) Debenture stock, guar, by Province o f Saskatchewan
and Province o f Alberta, see V. 89, p. 40; V . 88, p. 761, 1497, 1619; V. 91,
p. 1322; V . 94, p. 1316: V. 97. p. 1682; V. 98, p. 761. (e) Canadian N orth
ern Western R y . 1st M . 4 )4 % , guar. prin. Sc int. by Province o f A lberta,
V . 93. p. 1724; V . 97. p. 1583; V. 98. p. 610. 838, 1155.
■yfp'O iwpgo
Hamilton
Camden.
N .Falr.H aven
Oak Orchard
C A N A D A
o
Oneida Lake
Charlotte"
' NiaganP-on the-Lakeltl /; .
.
Jjl -------------------\ x ia g a r a FallsS\Uv>laRai'a Falls
K o c h e a te r
Lyons new
M
ewarK,
yob *'
-TouawancU
Utica
Canandai;
Avon
'Attica o.
Geneva}
CanandaiguafLake
Cayuga
Oneida
.ubnrn
Stanley
J s"0
u
late
Sianeatcles
Lake
>lUch field Jc.
Kotterdam J c N o l
Selisnt'ctadv
Richfleld Sprs.
Lake Keuka)
’ormge
\-9 Troy
Otsego Lake I
S p ringvllla.
A lb a n y
h in L irk
Hornell Jc.
R A IL W A Y STOCKS A N D BONDS
Bath
.Ashford;
Bellas
[ayrllle
o /
Cortland
Dayton
Brocton
Chautauqua
Hammondsport
Norwich
,F reer ille
Ithaca/
Watkins Glen
B U FFA LO & SU S Q U EH A N N A
R A ILR O A D C O R P O R A TIO N
Oneonta
^an isteo
!Chautauqua Lake
'Andover
Salamanca F
^Corning
ran EttctyJc.
“ vXCarrol'tou
L akc wood
/
/"^Aleu
/ ^p a
'
Jamestown
[Horseheads
^©RexYllle
E lm ira?
Chenango'
Forks
A N D
"Nichols /1
'y elB D
O
W ar r on
Bradford
illdand
ebain*
TM ,
ceoU
Shiuglehouse*
Eldrcd
Larabee
\
Smeihport^
\
*1
M t.Jewetlo
Coudersport
.Susquehanna''
tawanda
» vm
Sweden
P ort
Lawrej
Phillips
.
* ^ ^C ow an esqne 1 1 . /
1 1 1 c/
^riSabinsrilU
A */
F***t Summit
v ./
^ontb Gaines^*—
tfe. - .
k v l l anta a tm x r f Stokesd
Morris Bun
.Antrim,
f e % 'F a l l F
S c r a n to n
.e a 11 f 8 u in m l£
i
Oleana
Johnsonburg,
Neli»on'.RUu^i
H oy trille
[P ittM o n
B lackrM e
Wharton
W iikes-Barri
Ballej Run/
Berge Run^
.RidgwayJ
1First Fork^N,
LusbbaugbAr^
'Osborne
LUMBER OPERATIONS
COAL OPERATIONS
i North Bend
Brock way vMe\
Mauch Chunk
'&*9qruhanna
Newberry Jc.
Stroudsburg*
lake Hopatcoug!
W i l lia m s p o r t
Eastou
Denville
'PMllipsburg
Summit
L ock 'H arem
So. Bethlehem.
B ullen
., 1 9 1 7 . j
Jnjieat
M . R. S
l
’routvM e
Jlearfleld
Boundbrook.
Sunburyj
tumrille
llopsburg
m ore
Perth
Bellefonte
Clarksburg
AlleghSStN^
Pittsburgh
A llc n t o \ n ^ ^
'orthumberland
Frantz^ c\Maha’fley
F
e b
C O N N E C T I O N S
A t Driftwood with Penna. R. R. System fo r Buffalo.
A t Addison with Erie Railroad and via E rie Railroad
to Elmira with D.L.& W . and Leh igh V alley Railroads.
A t Newfield Junction with Coudersport and P o rt
Allegheny Railroad
A t Ansorna w ith N ew Y ork Central Railroad
A t Keating Summit with Pennsylvania Railroad and
Potato Creek Railroad.
A t V e lls v ille with E rie R ailroad and W ellsville &
Buffalo Railroad.
A t Du Bois with Pennsylvania R ailroad and Buffalo,
Rochester & Pittsburgh R ailw ay.
A t Sykes with Buffalo, Rochester & Pittsburgh R y;
A t Sinnemahoning with Pennsylvania Railroad.
A t Genesee with New Y o rk and Pennsylvania Railroad.
A t Cowanesque with New Y o rk Central Railroad.
Owego /
rVan VM
Corrv
MAP OF THE
Tyrone
Reading
H a r r is b u r g
Trenton
B ellw oo^
Greensburg
>
Johnstown^
Altoona
Lancaster
'C res son
Philadelph;
I
18
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations. & c.. see notes on first page]
Date
Miles
Road Bonds
C an ad ian N o rth e rn — Stock $125,000,000--.
177 1899
Canadian Northern Division $8,000 per mile' Guar
108 1899
Manitoba & S E (assumed $8,000 per m ile). anteed
by
27 1900
Gilbert Plains Branch $8,000 per m ile----287 1901
Ontario Dlv 1st M deb £36,200 are 4 )4s----- Man.
1904
a ls t Con deb M(M an lines) $10,000 p m o&r, Govt.
Manitoba Provincial bonds $8,000 per m ile----------Perpetual consol debenture stock (V 81, p 1609)-1903
First M deb stk $13,000 p m guar by Canadian Govt
1908
1st M stock $13,000 p m guar by Canadian G o v t..
1914
Deb stock $45,000,000 gu by Can G o v’t red par . .
1909
First mtge deben stock guaranteed by Saskatchewan
1909
do
do
guaranteed by A lberta------1910
do
do
guaranteed by Manitoba
1909
Winnipeg Terminals m tge gold guar by Manitoba.o*
Income-charge convertible deb stock redeem t e x t ..
1913
Secured notes £2,000.000 auth red 101 (V97. p 520)
1913
do (V . 98, p. 1601)..................- .................- - -
1916
do $3,000,000 due each year gold................G.c
—
1916
do one-year (terminal) gold notes----------C e.c*
Loan o f $10,000,000 Dominion G ov’t notes obtained
1014
on pledge o f $12,5)0.000 4% guar debentures..
1915
Secured notes (V 101. p 527) conv----------------- Col
1917
Secured g ’ld notes $1,250,000 due y ’y V 103. p71Cex
1899
1st land grant M red 110 (money depos to redeem)
1909
do
do red 105 to July 1917____________
___ 1913
do
do
callable at par---------------------Leading Outstanding Bonds of Allied Companies—
249 1906
Qu’Ap Long Lake & Sask 1st M £1,050,000 g u a r..
Quebec & Lake St John deb stook guar-------------- 286 M 1011
—
Old 1st M bonds (£6,425) and incomes (£21,127)
Can Nor Alberta R y 1st M deb stk guar by Can Govt
do
do
do
do
do
160 1911
Can Northern Western 1st M guar by A lberta----1912-3
do
do
do
do
do
Halifax & Southwestern R y I s t M -------------------1909
Central Ontario R y . . . . . . . ----- . . . . . . . . . . . . . ----Can N or Ont— Can N or Pac— Can N or Quebec— Bay of Qulnte
Niagara St Cath & Tor— See "E lec R y Section”
C a n N o rC o a l& Ore Dock lstM$2,OOO,O0Ocall 105. C o - .- 1916
When
Payable
Rate
%
Last Dividend
and Maturity
$100 000000
F & A Feb 1 1929
4
£100 U . 130.951 f
F & A Feb 1 1929
4
£100 Y 512,285)
M & N N ov 1 1930
2,4331
4
£100 J
5,745,587 4 & 4M g J & D30 June 30 1930
£100
J & D30 June 30 1930
4
£100 12,436.280
June 30 1930
4
1,697,885
$1,000
J & D30 Irredeemable
4
£100 See text
3
M 31-S30 July 10 1953
9,359,997
3 M J 20-J 20 July 20 1958
7,896,590
M & S Sept 1 1934
See text
4
J & D Jan 23 1939
8,030,000
4
J & n Feb 25 1939
4
5,586,666
J & I) June 30 1930
2,859.999
4
& j July 1 1939
4g J
« & £
3,090,000
24.991,403 U d to 5 M & N 2 May 6 1930
F & A 12 Aug 12 1918
9,733,333
5
£100 &c
J & 1)12 June 12 1919
5
2 190,000
$1,000
6,000,000
6 g .7 & J 10 July '17 & T8
1,750,000
5 g M & S Sept 1 1917
$5,000
Places Where Interest and
Dividends are Payable
Can Bk of C om ,N Y;& Lon
London and Toronto
London, Toronto & N ¥
Can Bank of Comm, Tot
London, England
do
London and Toronto
do
do
London
do
London and Toronto
London, Toronto & N Y
None paid 19 15 -M ay’ 16
N ew Y ork and Toronto
do
do
11,500,000
2,500,000
2,000,000
2,217,740
7.300.000
5g
6g
4g
4
5
Sept 1 1917
M & S Sept 1 1917
J &J10 Jan 10 1918-19
F & A Feb 1 1919
J & J July l 1938
J & I ) June 1 1923
N ew Y ork and Toronto
New Y ork
Nat T r Co, Tor or Lond
London. England
London and Toronto
5,019,681
4,359,015
$1,000
$1,000
£100
£100 &c
£100 &c
4g
4
J
J
Can Bank of Com m .Lon.
Loudon and Toronto
3,149.999
3H
As collat
343
2,800,000
4 g
6,424,000
4M
4.447,000
343
5
£100
959,300
R y .— Du luth Winn. & Pac.—
$100
£100
In Jan. 1917 $61,679,622 Perpct. Consol. Deb. stock had been Issued,
but a considerable part o f this (at last advices $16,760,000) was outstanding
only as collateral for loans. V . 102, p. 1981.
IN C O M E -C H AR G E STO C K .— The 5% Income-charge conv. deb. stock,
limited to $10,000 per mile. Is red. at any time after May 6 1920 and Is con
vertible until Jan. 1 1922, at holders’ option, into full-paid common shares,
$500 (or £102 17s.) of deb. stock for $500 capital stock, on 60 days’ notice.
The Interest is payable M a y 2 and N o v . 2 only to the extent that the net
earnings are sufficient after paying fixed charges. Coupons paid in full to
N o v. 1914. N o payments made In 1915 or M a y 1916. V. 100, p. 1347.
1509; V . 90. p. 1674; V . 91, p. 1322; V. 92, p. 1031; V. 100, p. 284; V .
101, p. 46, 1464.
W I N N IP E G T E R M I N A L 4s.— The 4s or 1909 are guar., prln. and Int..
by endorsement, by Province o f Manitoba. V . 89, p. 665, 1480.
N O T E S .— Issues o f 1913 to 1917, V. 96. p. 236; V. 97, p. 520; V . 98, p.
1601; V. 100, p. 2084; V. 101, p. 46, 527; V. 103, p. 71.
Th e 86,000,000 notes dated July 10 1916 are duo $3,000,000 July 10 1917
and $3,000,000 July 10 1918. Seo collateral (par value $9,115,114) carry
ing Dominion or Provincial guarantees, in V. 103, p. 144.
Th e $1,750,000 notes, dated Sept. 1 1916 aro secured by £514,000 o f the
£2 400,000 outstanding bonds o f M t. Royal Tunnel & Terminal Co. (which
see) comprising a double-tracked electrically operated tunnel, over 3 miles
in length and railway terminal facilities in heart o f Montreal/all leased to
the Canadian Northern R y . for 999 years for rentals which include interest
on the M t. Royal Tunnel bonds and sinking fund payments sufficient to
retire samo by maturity. V. 103, p. 1209, 1887.
L A N D G R A N T B ON DS.— $2,000,000 first mtge. 4% land grant bonds
are secured by 1,365,333 acres of land grant subsidies from Dominion of
Canada. V. 85. p. 1205; V. 76. p. 1083: V. 75. p. 183. 549: V. 81, p. 263.
First M . Land Grant 4s o f 1909, V. 87, p. 479, 1477; V . 88, p. 1126.
5% Land Mortgage Debentures.— Th e bonds £3,500,000 auth. Issue, of
which £1,500,000 sold) aro a specific charge on all o f the deb. stock and
capital stock of the Canadian Northern Town Property C o.. L td ., which is
developing 300 towns and villages, aggregating about 68,700 acres, and also
acquiring property In 172 other towns and villages; also on the land grant
o f the railway and deferred payments on land sold; total net security for
debentures. $29,222,870. V. 100, p. 393; V. 97. p. 1424.
Im perial Rolling Stock Equip. Trusts. Series Gold ($500 and $1,000 each) —
Interest Semi-Annual— A ll 4 Ms Except Series “ I I - 1” and “ L - 1” 5s.
r t t i ..i
r, Aon T -n otn ll I'ioio
Qor I'ln tu
rl'n
A n Tn<tfn11 T h in .
Ser. Date.
Outst'd’g.An.Install.Due. Ser. Dale. Outst'd’g. An.Install.Due.
C-1.1912 $1,200,000!/$ 100.000 A&O
N & O '07
$200,000 June 1917
P
1907
100,000 $100,000 F&A D-1.1912 1,800,000 1/150,000 A&O
R __ 1908
340,000 170,000 M ar. E-1.1912 1.260.000 105,000 M & S
S _ 1909
_
300,000 100,000 M ar. F -l .1913 3.740.000 210.000 M&S
700.000 1/50,000 M & S
T
1909
600.000 150,000 M ar. G-1.1913
40.000 J&D
550.000
U__ 1909
150,000
50,000 N ov. H-1.1913
1,200,000 300,000 N ov. K-1.1914 1.685.000 105.000 A&O
V __ 1910
66.000 F & A
A-1.1911 1,476,000 184,000 F&A L - 1.1916 1.184.00J
B-1.1911
750,000 Z75.0J0M&S
x Approximate. ? Amount changes in 1917 or 1918.
/
As to equipment trusts L - l, 1916, see V. 103, p. 664.
L E A S E D P R O P E R T Y .— 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.
F IN A N C E S .— In M a y 1916 the Canadian Parliament voted to grant
this company a $15,000,000 6% call loan, secured by mortgage, to provide
“ for expenditures mado or to meet indebtedness incurred in paying interest
upon securities o f the companies included in tho Canadian Northern R y .
system, having priority over the securities guaranteed by tho Government
under tho legislation o f 1914, and installments o f principal for equipment
securities and upon construction. V. 102, p. 1981.
For the first three years after the road is opened from Vancouver to
Quebec the G ovt, agrees, at tho request o f the company, to advance all or
any portion of tho int. on the $45,000,000 4% deb. Issue auth. in 1914 (see
above) and not to enforce tho re-payment o f samo until tho principal ma
tures in 1934, providod the company pays 4% int. on any sums so advanced
(V . 98, p. 1608, 1601.) Similar provisions were mado respecting the
Dominion guaranty of the bonds on the Canadian Northern Ontario R y .
between M ontreal and Port Arthur.
E A R N IN G S .— 6 mos., (1916______ Gross, $21,631,500; net, $6,296,100
July 1 to Dec. 31.
\1915..........Gross, 17,351,600; net, 5,524,500
R E P O R T .— For year ending Juno 30 1916, In V . 104, p. 159, showed;
Average miles operated as o f June 30 1916 was 8,048 miles.
Oper. Rev.— 1915-10. _ 1914-15. J_ _ Oper.Exp.— 1915-16^.
1914-15.
Passenger_____ $6,128,471 $5,411,224 Maintenance..$9,995,286 $6,846,801
553,076
562,995
F reight_______ 26,560,213 18,207,801 T ra ffic exp___
Transport’ l l . . 13,384,548 10,154,511
M a ll, express,
& c............... 2,787,591 2,293,082 General, & c._ 2,169,834 1,724,507
Total e a r n s ...35,476,275 25,912,106 N e t earnlngs_$9,373,530 $6,623,292
Fixed charges Canadian Northern R y _______________$6,533,062 $6,010,421
do
affiliated companies_____________________ 3,088,595 2,253,154
Int. on income charge convertible debenture........ .
............ (243)625000
Balance, deficit, for years\pndlng June 3 0 . . . ----- $248,127 $2,265,283
Previous accumulated surplus brought forward----- 3,745,179 6,962,894
Balance....................................................................S3,497,052 $4,697,611
Delayed Items, $67,886; accrued taxes, $50,000
(1915-16) .......... ....... ............................- .................
117.886
677,201
Acer. Int. on bonds & equip, secure, to Juno 30 '16,
$1,509,670; loss $907,215 accrued Int. to June30’ 15
602,455
275,230
T o ta l accumulated surplus as of June 30----------- $2,776,711 $3,745,180
O F F IC E R S .— Pres., Sir W illiam Mackenzie; V .-P ., Sir Donald Mann;
3d V .-P ., D . B. Hanna; Sec., W . I I . M oore, all o f Toronto, Ont. Direc
tors, Sir W illiam Mackenzie, Sir Donald Mann, R . J. Mackenzie. Z. A .
Lash, Frederic Nlcholls, E. R . W ood, D . B. Hanna, W . IC. George,
Amount
Outstanding
Par
Value
[V o l . 104.
1.750,000
1U1UU1/U. V U U .,
5g
&
&
J July 1 1936
J Perpetual
J 20-J 20 May 4 I960
Apr 1 1962
M * N May 1 1941
.1 & 1) Feb 16 1942
.1 & J Sept 30 1943
J & J Jan 1 1934
See those companies.
J
&
AV. A JL. l l O l l l L - l
V
J Jan 1 1936
London and Toronto
Tor, London, &c
Toronto and London
London and Halifax
Bank o f M ontreal
Now Y ork C ity
" ’
l- o
,./» j
peg, M an.; H . W . Richardson, Kingston, Ont.— (V . 103, p. 578, 664. 933,
1117, 1209, 1887, 2340; V. 104, p. 71, 159. 256.)
C A N A D IA N N O R T H E R N O N T A R IO R Y .— {See M a p Canadian N orth
ern Ry.)— Owns: M ontreal to Port Arthur, 1,010.94 miles; loron to to
Capreol, 276.43 miles; Toronto to Ottawa, 250.25 miles; total, 1,537.62
miles. A through service Toronto-Vancouver over this lino is now in opera
tion. Seo debenture stock below. In connection with Canadian N orth
ern Quebec R y ., a through train service is maintained between Ottawa,
Quebec and Montreal. V. 92, p . 162; V. 97, p. 1023. Owns modern orehandling plant at K ey Harbor, 80 miles from Moose M t. iron mines. Con
trolled bv Canadian Northern R y. interests. V . 98, p. 1601. Subsidies.
June 1913. V . 96, p. 1627. V. 97, p. 1820.
O R G A N IZ A T IO N .— Controlled by same Interests as the Can. North.
Capital stock (shares $100.) authorized, $50,000,000, outstanding,
$10 000.000. Debenture stock, 3 H % - V.
88\,P' * °n0' r
Tho 4% perpetual consol, debenture stock o f 1909 Is a first lien from
Ilawlccsbury to Ottawa and from Ottawa to Niagara, via Lotonto, with
additional charges on other lines; o f this stock somo $14,577,253 had boon
issued to A pril 30 1916, excluding £532,192 under'trust deed o f Oct. 4 1911.
securing guar. 1st M . dob. stock o f 1911. O f tho $14,577,253, some $8,
883,638, or £1,825,405, is understood to bo in hands of public and tlio re
mainder pledged for short term obligations. V . 102, p. 1981; V . 89, p. 162;
V . 97, p. 1424.
In M ay 1911 the Canadian Government agreed to guarantee 3 M % 50-year
1st M. deb. stock at $35,000 per mile on not exceeding 1,050 miles, to con
struct line from Port Arthur to Montreal via Sudbury and Ottawa Valley,
o f which 970 miles were under construction in Dec. 1911. See, guaranty t
V. 9.3, p. 1667; V. 94, p. 349: V. 92, p. 1309, 1435, 1635; V. 93. p. 1190,1667.
C A N A D IA N NORTH ERN PAC IFIC ■ R Y .— (See M ap Canadian N ^ h e r n
Ry.)— Owns a line across the Rockies from Yellowhoad 1 ass to Vancoiivor
and Pacific tidewater, about 500 m., opened for operation Sopt. 1J15.
Also a 150-milo line from tho 100-mile post on tho Vancouver Island section
to the east coast o f Vancouver Island and a 145-mlle line to Vernon, and
thence via Long Lake to Kelowna and to O ’ Kanagan Lako. V . 92, p. 1309;
V . 93, p. 526; V. 101, p. 46; V. 103. p. 2078. Has trackago rights botweon
N ew Westminster and Vancouver, B. O. Controlled by Can. N or. interests
.Stock auth. and outstanding, $25,000,000, o f which $10,000,000 may bo
prof.; par, $100. First mtge. deb. stock was Issued under A ct o f 1910 at
$35,000 p. m. (proposed to be increased to $45,000 p. m. V. 98, p • 762)•
guaranteed by tho Province o f British Columbia, tho Canadian N orth
ern R y . to indemnify tho Government against any loss it may Incur by the
guaranty; also an additional 195 miles authorized in 1912. O f the deb.
stock, £3,372,329 is listed in London and £550,000 and £392,739 deposited
as security for Canadian Northern note issues. M ortgage trustoos. N a
tional Trust Co. o f Toronto and British Empire Trust Co. V . 93. p. 1461;
V . 94. p. 1565; V . 91, p. 37. 93; V . 90. p. 696; V . 89, p. 1141; V . 97, p. 802.
T h e 1st M . terminals 443% deb. stock authorizedby the 1 erminals A ct
1913. and guaranteed, prin. and Int., by the Province o f British Columbia,
is limited to $10,000,000 or its equivalent. £2,054.794 10a. 4d.
V . 96.
p. 651, 1838; V . 97, p. 297, 364; V. 100, p. 1591.— (V . 103, p.2078.)
C A N A D IA N N O R T H E R N O U EBEC R Y .— (See M an Canadian N o r
r „ . ) _ O wiis Quebec to Montreal. 176.07 m.; Jolletto toIlaw kesbury,67.05 m.Lorette Jet. to Transcontinental Jet., 5.3 m.; Hedleyvillo Jet. to M o n t
morency River, 7.22 m.; branches, Garneau Jet. to Riviere a Pierre,
39.84 m.: Shawinlgan Jet. to Shawinlgan Falls, 3.41 m.; St. Jacques Jet.
to Rawdon, 15.88 m.: St. Jerome Jet. to Iluberdeau, 45.28 m.; business
spurs, 10.97 m.; total. 371.02 miles. Seo V . 95. p. 1402: V. 97, p. 1023.
Controlled by same Interests as Canadian Northern R y. V. 98, p. 1601.
Capital stock. $9,500,000 common and $3,000,000 statutory 5% Income
stock; outstanding Juno 30 1916, $9,550,000. Control held by Canadian
Northern R y . Co. through its ownership o f control o f tho Northorn Consoli
dated Holding Co. V . 95, p. 1471; V. 96, p. 201; V. 97, p. 951.
S E C U R IT IE S .— Regarding 4% pcrpotual debenture stock guaranteed
by the Canadian Northern R y ., seo V. 84. p- 968; V. 84. p. 6J3, 748.
There are $3,505,750 4% bonds of tho Groat N or. R y. o f Canada, guar,
as to prln. and Int. by Canadian N or. R y .; Central Trust Co. o f N . Y .
E A R N IN G S .— Operated under Can. N o . R y . system.
Office, Toronto. Ont.— (V . 96. p. 201: V. 97, p. 950.)
C A N A D IA N P A C IF IC R Y .— (Sec M aps).— Owns a trans-continental
railway from Montreal to tho Pacific Ocean, made up as follows July 1 1910.
384
Montreal to Vancouver____...2 ,8 9 9 Operated account of owners—
Also controlled but oper. sep.—
Branches and auxiliaries-------- 5,087
Leased lines____________________ 4,923 aMlnn. St. P. & Sault Ste. M .,4,228
Used join tly ____________________
94 aDuluth South Shore & Atlantia 028
«See each company’s statement.
Total In trafflo returns_____ 12,9941Spokane In t.R y.(V .10 3,p.l9 81 )-164
Tho 5 milo tunnel through tho Selkirk M ts. was put in use in Doc. 1916.
H IS T O R Y , 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. The trans-Atlantic and Pa
cific steamship lines, also steamers to Alaska, were In March 1915 transferred
to the new subsidiary, Can. Pac. Ocean Services, L td., with £2.000.000
authorized stock (o f which £1.962,910 is owned along with £2.865.860 5%
1st debs, or deb. stock), in order to separate the management and provide
for the issuance by the steamship company o f its own securities for new
steamships. V . 100, p, 811; V . 101, p. 6lb, 699.
STO C K .— The Issue of preferred must never exceed one-half the common
Common stockholders were In Feb. 1913 offered tho right to subscribe for
$60,000,000 now stock at 175, the proceeds to be used to retire the $34,
998,633 1st M . 5% sterling bonds maturing July 1 1915 aud for additions
and improvements. V . 95, p. 889, 1402: V. 96, p. 1421; V. 97, p. 175,
297. 1425. Th e stockholders on Oct. 7 1914 voted to incroase tho auth.
common stock from $260,000,000 to $335,000,000, the now stock to be
Issued as required. V . 99, p. 195, 466, 105.
fife
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MAP OF T H E
Ca n a d ia n n o r t h e r n
R A ILW A Y
Under Construction u’Ull'ii
Proposed
-
-
— ——
e
CANADIAN PACIFIC RAILWAY
T he Min n e a p o lis . St . Pa u l & Sa u lt St e . Marie Ry .
T he D u lu t h . S o u th S hore & A tla n tic Railway ^
AND
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v ,
V
■ &» l i a * a UNDER CONSTRUCTION
• • • ♦ « • • t r a f f ic a r r a n g e m e n t
OR t r a f f i c r i g h t s o n l y
SCALE OF MILES
A o rb ra -
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£ o rm o ra n t L .
Cum berland L .
M olson L .
Y ?M oose Lake
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Isla n d L'ake
■prince A l b e r t ^
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T he D u l u t h , S o u th S hore
AND
a At la n tic
(W ESTERN SECTION )
Railw ay
C O N N E C T IO N S
^
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22
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c ., see notes on first page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Canadian Northern Ontario— Guar deb stk (see text)
268 1908
Perpetual consolidated debenture stock___________
1909
Guaranteed 1st M deb stk, §35.000 per m ile_______
1911
Can Nor Pacific— 1st M deb stock gu by Brit C olu m ..
208 1909
1st M term deb stock gu by Br Col_________________
1913
Branch line stock ($11.865.000) 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
1904 $100 A c
Perpetual guaranteed debenture stock (see t e x t )..
Canadian Pacific— Stook §335.000,000 authorized____
$166
Preferred stook limited to 4% non-cumulatlve____ r
$100
First mortgage on Algom a Br g ________________ o* Ar
180 1888 £100 Ac
Consol perpetual debenture stock........ ....................
1889
£1 Ac
Special Investment fund note certificates red p a r .. .
1914
$20, A c
Vic Roll Stk& R ealtyC o eq tr serT$470,000saPeP.c*
1915
$1,000
Securities of Principa l Leased, A c ., Lines.
Manitoba 3 W Col R y §12,000 per mile Int guar gold
215 1884
S I, 000
346 1887 £100 Ac
Atlantic & Northwest— 1st mortgage gold g u .-o '& r
St Lawrence & Ottawa— flrst mortgage gold see text
58 1876
£50 Ac
Ontario A Quebec stook guaranteed In perpetu ity..
§100
Ontario & Quebeo deben Interest guar In perpetuity
678
£1
Toronto Grey & Bruce 1st M gold Interest as rental
191 1883
£100
New Brunswlok R y 1st M gold Int from ren ta l._.o *
174 1884
£100
Perpetual consol debenture stock. Interest g u a r..
1890
£1
N ew Brunswick So 1st M _________________________
‘ 81
Calgary A Edmonton deb stook gold Interest as rent
1890
Branch line bonds §1,040,000 (owned by CanPao)
'52 1905
§ 1.000
Lindsay Boboayg A Pontypool 1st M §700.000 gold
39 1903
1.000
Quebec Central stock dividend guaranteed_______
1st M deb stk Int gu red 110 after 20 yrs_______
2d M deb stock prin and int guar_______________
3d M bonds prln and Int guaranteed____________
Aroos Val El R R 1st M §300,000 g red 105 Int guar
14 1909
500 Ac
Minn St P & Sault Ste Marie and Duluth South Shor s A A t lantlo — Sec sta
C ape Q lra r N o r— lstM$2.500,000 g red 102 ^ . . S S t
116 1913
1,000
Carolina Central— Bonds— See Seaboard Air Line Ry
Caro Clinchf A Ohio— Lick Crk & L E 1st M gassu-.x
8 1903
1st M §15.000,000 red 110___________ ________ F.xo*
256 1908
1,000
Mortgage gold notes §5,000.000 redeem par.E q.xo*
1909
1,000
Elkhorn E xt 1st M g notes (V 97, p. 1662)___Ba.xc
1912
1,000
C O M M O N D IV S — 1’03. ’04-’06. ’07-’09. ’ 10. ’ l l . ’ 1 2 .to M a r311917,
R R . earnings since 1902) 544 6 yrly. 6 yrly. 644 7 7 yrly 1244 % quar.
Land sales, Int., & c____ J . . _______ 1 yrly. 1
244 3 yrly/
Extra divs. at 3% yearly ( f i o f 1% quar.) are paid i'from the Int. and
sales and extraneous assets, making yearly rate 10%. V. 92, p. 117, 955.
B O N D S . D E B E N T U R E S T O C K . G U A R A N T E E D B O N D S . A c.—
List o f securities owned June 30 1915 in V . 101, p. 700.
In 1914-15 £611,797 4% consol, deb. stock was sold.
Th e $34,998,633 1st M . sterling debentures duo July 1 1915 were all re
tired at or before m aturity. V. 96, p. 1421, 1488; V . 97. p. 175; V\ 99, p.
544; V. 100, p. 139, 228.
In June 1890 company agreed to guarantee the principal and Interest of
$20,000,000 4% bonds to be Issued by the Dul. So. Sh. A A tl.; also 4% Int.
on consolidated bonds of the Minn. St. P. A S. Ste. M., and In 1S99 Interest
on the 2d M . 4s o f the latter. Owns Dul. S. S. A A tl. consols, $15,107,000;
•St. Lawrence A Ottawa bonds are endorsed with the Canadian Paclflc's ac
ceptance of a 999-year lease at a rental sufficient to pay 4% Int. on bonds,
and the bondholders’ agreement to accept Int. at 4% (Instead of 6 % ) and to
refrain from demanding principal (due 1910) during lease. V. 90. p. 1361.
The New Brunswick Railway consolidated debenture stock has Interest
guaranteed by Canadian Pacldo; Interest on the 1st mtge. bonds, though
not guaranteed. Is paid out of rental under 999-year 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 A Pontypool Ry. bonds are Issued under a 99year lease covering the Interest. V. 77, p. 1225; V . 79, p. 2085.
The Interest on the Aroostook Valley (Electric) R R . 20-year 4 4S% bonds,
which has completed a flrst unit of 14 miles from Presque Isle to Washburn,
M e.. Is guaranteed.
V. 89. n. 846: V. 90, p. 107: V . 92, p. 259.
Victoria Rolling Stock & Realty Co. 4 44 % bonds are payablo In series o f
$470,000 seml-ann. to July 1928. V. 99, p. 1672, 543; V. 100, p. 139.
S P E C IA L I N V E S T M E N T F U N D N O T E C E R T IF IC A T E S .— On
Dec. 8 1913 a trust fund was created known as “ Th e Special Investment
Funds’’ , made up o f deferred payments on land sales and securities in which
the cash proceeds o f land sales are Invested, to the aggregate o f $55,000,000;
Royal Trust Co. o f M ontreal, trustee. The trustee will receive all the pro
ceeds from the items constituting tho fund. Stockholders were offered the
right to subscribe pro rata for $52,000,000 6% note certificates at 80. The
certificates will be payablo at their face valuo on or before M a r. 2 1924. but
may be redeemed bv drawings at any time. V . 97. p. 1732, 1897; V. 99,
p. 544; V . 103, p. 937.
L A N D S .— Lands unsold June 30 1916 were 204,528 acres In Manitoba2,001,144 acres In Saskatchewan, 3,752,736 in Alberta (o f which 511,393
are irrigated), 1.080,430 In British Columbia, 96.000 in Quebec and 46,933
acros o f coal land In British Columbia, A c. T otal o f all lands owned
Juno 30 1916, 7,870.056 acres. See V. 103, p. 851. Total sales in 1915-16,
390,715 acres, for $6,126,108. Book valuo o f unsold lands and other in
active assets June 30 1916. $127,129,136.
SUB. COS.— Dominion Atlantic R y ., Yarmouth to Truro, with branches,
total 247 m ., with 45 m. trackage to Halifax, Is leased for 999 years from
1912. V. 91. p. 728; V. 90, p. 1490, 1424; V. 93, p. 1461; V. 94, p. 278.
Owns nearly all stock o f Alberta R y . A Irrigation Co. and leases road on a
guaranty o f Interest on deb. stock. V. 92, p. 955; V. 93, p. 593; V. 91,
p. 1316; V. 95, p. 617.
The Can. Pao. leases for 999 years from Deo. 31 1912 Quebec Central R y .,
Sherbrooke to Harlake, Que., 137 44 miles; Beauce Jet. to St. George, 24 m.,
and Trulg to M egantlc, 59 m.; total, 221 m.. with 5 m. trackage . guaran
teeing 4% on the $3,381,603 capital stock for first 4 years and 5% thereafter.
V. 93, p. 667, 1106; V. 94, p. 1625: V. 96, p. 361. 715.
Canadian Pacific Ocean Services, L td ., organized in 1915 to take over
company’s 17 steamships and Its Interest in Allan Line, may issuo guaran
teed debenture 5% stock. See V. 101, p. 1369; V. 103, p. 1508, 850.
E A R N IN G S .— 6 mos.,/1916______ Gross,$76,717,965; n e t,$30,874,766
July 1 to Dec. 31.
\1915______ Gross, 66,470.164; net, 29,624,187
A N N U A L R E P O R T .— Fiscal year onds Juno 30. Annual meotlng is
hold at Montreal on tho first Wednesday in October. Tho report for 1915
1916 at length was in V. 103, p. 838, 850, and proceedings at annual meot
lng Oct. 4 1916, with Chairman's remarks, in V. 103, p. 1508, 1520.
Railroad Earnings—
1915-16.
1914-15.
1913-14.
M iles operated end o f year................
12,993
12,917
12,044
Passenger earnings.............
$24,960,652 $24,044,283 $32,478,146
F reight........ ..........
89,654,405 60,737,737 81,135,295
M a ll, express and miscellaneous_____ 15.136.828 14,083,190 16.201,382
T otal earnings............................... $126,481,885 $98,865,210$129,814rS24
N e t earnings.......... ............................ $49,225,920 $33,574,628 $42,425,928
Fixed charges...............
$10,306,196 $10,446,510 $10,227,311
125,000
125,000
125,000
Pension fund..................
Transferred special incomo account.. 1,923,289
1,494,152
2,115,842
D ivs. on com. stock (7 % ) (with 3%
from special incomo— see b e lo w ).. 18,200,000 18,200.000 17,150,000
Dividends on prof, stock (4 % )_____
3.227,277
3,219,051
3,109,520
Balance, surplus..............
$15,444,159
$89,915 $9,698,254
(2) Other Income—
Earnings from ocean steamships, A c . $3,583,292 $4,370,280
$783,678
Interest, dividends, A c., received, A c. 6,357,663
6.599.052
7.804,192
$9,940,955 $10,969,332 $8,587,870
T o ta l ..............
Dividends (3% y e a r ly ).....................
7.800,000
7,800.000
7,350,000
B a la n ce.............
$2,140,955 $3,169,332 $1,237,870
Total spec. inc. (incl. in p. A 1. surp.) $8,407,099 $6,266,144 $3,096,812
^ O F F IC E R S .— President and Chairman, Lord Shaughpessy, K . C. V. O.,
Vice-Presidents, George Bury, I. G. Ogden, G. M . Bosworth, E. W .
B eatty, K . C ., M ontreal, and Grant Hall, Winnipeg; Sec., E . Alexander;
Troas., H. E. Suckling. Head office, M ontreal.
D IR E C T O R S .— Richard B. Angus, George Bury, Sir Herbert S. H olt,
Chas. R . Hosmer, Hon. Robert M ackay, Lord Shaughnessy, K . O. V . O.,
Col. Frank S. Moighon, John IC. L. Ross, Edward W . B eatty, K . C.,
M ontreal, Can.; Hon. James Dunsmuir, Victoria, B . C.; W llm ot D . M a t
Rate
%
When
Payablo
[V o l . 104.
Last Dividend
and Maturity
$7,859,998
Various 1936 and 1938
3X
8,883.638
4
A & O 2 Perpetual
34,229,997
3X
J & J 20 May 19 1961
A & O Apr 2 1950
4
16,412,001
8.614.000
A & 02 April 2 1950
4H
443
Pledged
A pr 2 1950
do
Apr 2 1950
4>3
$3,505,750
A & O Oct 1 1934
4
4
5,250,369
J & D31 Perpetual
260.000.000 10 in ’ 15 Q— J M ai 31 1917 244
80,681,921
A & O M ar 3119172%
4
J & J July 1 1937
3.650.000
176,284,882
i B J A J Irredeemable
M & S M ar 2 1924____
52,000.000
10,810,000
443 g J & J July ’ 17-July '28
§2,544 ,000
A D June 1 1934
s ir
£1,330 ,000
& J Jan 1 1937
5 g
£200 ,000 (6) 4 J & D15 See text
§ 2,000 000
J
& D Dec 1916 3%
6
£4.007 ,381
5
A D Irredeemable
£719 000
& J July 26 2882
i *
A A Aug 11934
£600 ,000
& J Irredeemable
£904 ,533
V
A
J Jau 1 1933
$500 ,000
3
£ 1.121 700
4g
J 3 & J 2002
$1,040 000
J A J 1955
4
J & J July 1 2002
500 000 _ 4 g
£694, 850 See text J & J15 Jan 15 1917 2%
F & A
604, 837
4
338, 000
344 J & J15 Jan 1 1963
J & J15 Jan 1 1963
336 500
5
$300 000
444 8 F & A Aug 11929
tements of those co mpanles
F & A Feb 1 1928
1.500 ,000
5g
200,000
13,950,000
2,000,000
5,500.000
5g
5*
£*
5g
J A J Jan 1 1933
J A D June 1 1938
J A J July 1 1919
M A N May 1 1917
Places Where Interest and
Dividends are Payable
Can Bk of Commcroe.Lon
C Bk of Com, Tor A Lon
do
do
London and Toronto
do
do
Can Bk of C om .N Y A T o i
London
Xjond A 31 Pine St, N Y
Company’s Office, Lond
Baring Bros A Co, Lond
Company’s Office. Lond
Royal T r Co, M ontreal
London A 31 Pine St N Y
Baring Bros A Co, Lond
Can Pao office, LondoD
Montreal and London
Morton, Rose, London
Toronto and London
London
do
Guaranty Trust C o, N Y
Can Pao Office. London
Can Pao Office, Montreal
Bk of Montreal, Toronto
N Y and Augusta, Me
St Louis, M o
Wash (D C ) Loan& Tr Co
Blair & C o, N ew York
do
do
do
do
thews, Sir Edmund B.'iOsIor, Toronto; Sir Thos. Skinner, London, Eng.;
A . M .N a n to n , Winnipeg.— (V.-103.P., 1508, 1980. .2340; lV . 104, p. 162.)
C A P E Q IR A R D E A U N O R T H E R N R Y .— Owns from Thebes Bridge
to Farmington, M o ., with branch from Saline Junction to Chester, total
116 miles. A consolidation Jan. 1 1913. Controlled by J. Hunter Byrd o f
St. Louis and associates. V. 95, p. 1683; V. 96, p. 201. In A pril 1914
J. W . Frlstoe was appointed receiver. V. 98, p. 1315. 522: V . 100, p. 1591.
Stock auth.. $2,500,000: par, $100. Bonds, V. 96. p. 1555. Th e U. S.
Dist. Court on N o v . 29 1915 held tho St. Louis A San Francisco R R . liable
on its guaranty o f the bonds. V. 103, p. 2340. V . 101, p. 46. Receiver’s
ctfs. Jan. 1916, $93,700; bills payablo, $135,900.— (V . 103. p. 843, 2340.)
C A R O L IN A C L1N C H FIE LD A OHIO R Y .— (See M a p .)— Owns from
Elkhorn City. K y .. to Spartanburg. S. G.. 277 m.; branch, Kiser, V a., to
Laurel Jet., Va., 6m .; trackage, Kiser to St. Paul, Va., 8 m.; total, 291m.
As extended. July 1 1915 by line then completed from Dante, Va., to Elk
horn R y ., 35 miles, forms a low-grade heavily built link In tho through lino
for general traffic between the Groat Lakes and tho Atlantic seaboard,
serving also extensive coal operations owned by Cllnchficld 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 . 104, p. 75, 365. Connects at
Bostic, N . C ., with Seaboard A ir Line R y ., w ith which close relations are
maintained and tidewater is reached. V. 88, p- 944; V. 87, p. 670. F i
nanced by leading N ew Y ork bankers. See report o f expert in Chronicle”
o f Juno 3 1916, p. 2076.
S T O C K .— Authorized, $50,000,000, o f which $25,000,000 is 6% pref. and
$25,000,000 com.; outstanding. $25,000,000 com. and $11,500,000 pref..
of which $1,500,000 Is owned by tho Ilolston Corp., a subsidiary o f the
railway. A further $2,000,000 pref. is deposited with trustoo o f mottgage
gold notes to provide for conversion o f notes. V. 94, p. 1625. In N o v.
1916 both stocks wero listed on N . Y . Stock Exchange. V . 103, p. 1980.
Dividends on prof., 3% semi-annually March 1913 to Sept. 1914, inclusve.
Nono since to Fob. 1917. In Feb. 1910 arranged with Southern R y . to send
coal to Charleston, S. C., for export, Ac. V. 90, p. 558; V. 95, p. 359.
B O N D S , etc.— First mtge. of 1908, see V. 86. p. 667. 856; V. 88. p. 944.
Th e $2,000,000 10-yoar 5% mtge. gold notes follow In lien the $13,500,
000 first 5s o f 1908. Th ey are subject to call as a whole or may bo drawn
In part by lot. V. 89, p. 285. Tho $5,500,000 Elkhorn Extension 5-year
1st M . 5% notes were sold to construct Dante to Elkhorn. V . 95. p. 358.
418. 480; V. 98. p. 688.
Tho guaranteed securities (see V . 103. p. 1588) included (a) Black M t.
R y . (which see) 1st M . serial 5s, $750,000, auth., $500,000 issued; (b) $1,
500,000 Ilolston Corporation notes (callable at par and convertible $ for $
into Car. Cl. A O. pref. stock.— See stock above.
E A R N IN G S .— 6 mos.,/1916............. Gross, $1,512,241; net, $604,226
July 1 to Dec. 31. 11915............. Gross, 1,339,773; net, 626,644
R E P O R T .— Y ear ended Juno 30 1916, sco V. 103, p. 1588.
June 30
Gross
Net, after
Other
Interest,
Balance,
Year—
Earnings.
Taxes.
Income. Rentals, A c.
Surplus.
1915-16............ $3,101,444
$1,405,356 $409,822 $1,254,940 $500,239
1914-15............ 2,260,776
904,200 232,573
983,967
147,806
M ark W . Potter, Pros., 24 Broad St., N . Y . — (V . 103, p. 1538, 1980.)
C A R O L IN A & N O R T H W E S T E R N R Y — Owns standard-gauge road,
Choster. S. C ., to Edgemont, N . O .. 133M miles.
In 1900 nearly all stock was acquired by a syndicate. Stock authorized,
$1,000,000 each o f com. and 4% non-cum. prof.; outstanding, July 1913,
$854,250 com. and $550,000 pref. stock.
O f tho 1st 5s duo 1953. $1,500,
000 were used to retire all underlying bonds and $1,000,000 wero applicable
to extensions, new equipment, Ac. Year 1915-16, gross, $461,o26; net,
$123,701; other Income, $248; int., taxes, A c., $167,707; bal., dof., $43,844.
Pres., W in. A . Barber, 165 Broadway, Now Y ork.— (V . 91, p. 870.)
C A R O L IN A & Y A D K IN R IV E R R R — Owns High Point via Thomasvlllo and Denton to High Rock, N . O., 35 miles. Freight Is switched elec
trically to the main line.
Stock authorized, common, $3,000,000; pref., 5% non-cum.. $1,000,000;
outstanding June 30 1915, common, $1,540,000, and pref., $300,000; par
$100. Bonds ($3,000,000 auth. issue are redeemable at 105 on any Inter
est dato; sinking fund 1% of gross earnings, July 1 1918 to 1922; I M % 1923
to 1927; 2% 1928 to 1932, and 3% thereafter. Oar trusts outstanding
June 30 1915. $1,500; loans and bills payable outstanding, $40,216.
E A R N IN G S .— For year ending June 30 1915, gross, $70,075; net, $6,184;
other Income, $183; rentals, taxes, A c., $11,604: Int. on bonds, $36,651;
bal., def., $41,888. Pres.. Bird S. Color, N . Y .; Sec. A Treas., L. II. Ilolo
Jr. Office, High Point, N . C. N . Y . offico, 43 Cedar St., N . Y .
C A T A S A U Q U A A FOC1ELSVILLE R R .— Catasauqua. Pa., to Rlttenhouse Gap, Pa.. 19.67 m., and branches, 31.72 miles. Stock, $426,900 (par
$25); $254,125 is owned by Roadir.g Co. Divs. paid in 1904-05, 7% : in
1905-06, 8% ; in 1906-07, 8% ; 1908-09. 8% ; 1909-10, 10%; 1910-11. 10%;
1911-12, 10%; 1912-13. 10%; 1913-14, 10%; 1914-15, 20%. Y ear 1915-16.
gross, $252,299; net, $135,110, agst. $85,677; other Incomo, $23,805; interest
taxes, A c., $14,102; add’ns and betterments, $5,577; bal., $139,236; divi
dends (15% ) $04,035.— (V . 81, p. 149.)
C A T A W IS S A R R .— Owns from Tamanend, Pa., to Newberry Jet., Pa.,
104.05 miles: second track, 40.07 miles; total. 222.20 miles. Re-leased
Deo. 1 1896 for 999 years to Philadelphia A Reading Railway. Rental.
Int. on bonds, 5% divs. on pref. stock, all taxes and §8,000 for org. exp.
See also V. 63. p. 969, 1116
Of tile nref. stocks, §1,000.000 is 2d pref.
Common, $1,159,500; par, $50.— (V . 72. p. 1187: V. 90, p. 1421.)
C A T S K I L L M O U N T A IN R Y .— Narrow-gaugo road from Catskill up
the Catskill Mountain to Palenvlilo, N . Y ., 16 m.; leases Cairo R R .,
Cairo June, to Cairo, N . Y ., 4 miles; total, 20 milos. A ll tho properties
wero bid in at foreclosure sale on A pril 26 1916, freo o f all liens, by the
Hudson R iver D ay Lino interests. V. 102, p. 1625, 1810.
E A R N IN G S .— Y ear ending June 30 1915, gross, $36,878; net income.
$563: i nterest. taxes, A c., $10,797; bal., def.. $10,234.— iV . 102. p. 1810.)
C E N T R A L 'A R G E N T IN E R Y ., L T D .—'(See M a p .)— R O A D .— Extends
from Buenos Ayres, a etty^with a population .of about 1,800,000, through
24
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviation*. A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
[V o l . 104.
When
Payable
Last Dividend
and M aturity
Places Where Interest anA
Dividends are Payable
C arolin a C lin c h fie ld & O h io (Concluded) —
___
—
Carolina & Northwestern— Is t M $2,500,000g old ..
Catasauqua & Fogelsville— First M gold___PeP.xo*
Catawissa— Pref stook 5% guar P & R R y (see text)
First consol mortgage $2,215,000 gold___ PeP.xo*
Cayuga & Susquehanna— Stock 9% rental D L & W .
Cedar Rapids Iowa Falls & Northwestern— See Chlca
C en tra l A rg e n tin e R y— Conv gold notes call(text)G
Central Arkansas & Eastern— See St Louis Southwest
C en tra l o f G eo rg ia R y — Common stock_________
Preferred stock 6% cum____________
1st At $7,000,000 gold..................................(L x o ’ &r
Consolidated m ortgage$18,500,000 gold. . Ba.xo*&r
Mobile D lv 1st M (Columbus to Andalusia' g_ _G.xo
Macon & North D lv 1st M $840,000 gold__MBa.xo
Ocon Dlv Is t M Brewton to Dover S6.000pm .ti.xo
Eatonton Branch first mtge not guaranteed gold.^
Mid Ga & A tl D lv 1st (consol) M $9,000 p m ..G .xo*
Chattanooga D lv puroh money M $2.400,000gG.xo*
Chattanooga Rome A So 1st M $500,000 eUn.xo*
Upper Cahaba 1st M g duo $15,000 s-p call 102 4$.Nx
Greenv & N ew 1st M g due $15,000 s-a call 102& N x
C en & R ef M $80,000,000 auth g red textUsm xc*&r*
1st pref lncomesl Interest up to 5% f __________ Mpz
2d do
do 1 gold If earned •)___________ Cez
3d do
do J non-oumulatlve I . ........... . Baz
35
— See
32
___
___
34
go Ro
___
ern
1908
1910
1912
1913
1914
1917
1916
$1,000
1.00C
1.000
1,000
1,000
12,500
1916
do
do
do
do
do
do
do
do Ser “ E ” due $13,000 s-a.
do
do
M allet Equip notea duo $12,500 monthly_________
Bonds Guaranteed. Prin . and In i., by Endorsem't-
1,000
175,000
5
5
5
5
5
5
5
g
g
g
g
g
g
J
J
F
J
A
J
A
500.000
5g
A
Sc O Apr 1917 to ’36
A
J
J
J
& O Apr 1 1926
& J July 1 1953
& D June 1 1957
& D Jan 1 1962
1916
1,000
1,500,000
5g
1903
1,000
1,700,000
5 g
1907
1.000
543,000
5
1912
100 &c
1,000.000
5g
N Y C & Hud R lver R R.
1898
1,000
135,000
4g
____
50
3,200,000
5
1898
1,000
2.215,000
4 g
____ •
30
589,110 9% in T6
ck Isla nd & Pac ific R y
1917
1,000 15.000,000
6g
312 1895
1,000
1.493 1895
1,000
138 1895
1,000
102 1895
1,000
77 1901
1.000
21 1898
500
65 1897
1,000
164 1901
1,000
138 1897
1,000
12 1905
1.000
24 1905
1,000
- -- 1912 1,000 &c
___ 1895
1,000
. . . 1895
1,000
1.000
- 1895
the c ity o f Rosario, to Cordoba, Santa Fe and Tucuman. Comprises 3,305
miles o f track (all except 202 miles is owned in fee; and partly double-tracked),
covering the territory, primarily agricultural, oxtending north and north
west from Buenos Ayres, and serving the most densely populated section
and the principal cities o f tho Argentine Republic. Liko all o f tho four
principal Argentine roads, is 5 ft. 6 in. gauge.
O R G A N IZ A T IO 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 w ill net 6.80% on the capital investment recognized by tho Argen
tine Government, now amounting to over $250,000,000. In liou o f taxes,
3 % o f tho net receipts go to the Government for constructing wagon roads
leading to tho line o f the Central Argentine R y . Co.
Outstanding Capitalization (at $4 86 to £).
... ...... .
Cent.Deb.3 46 % stk. (150m) ' $550,949 4 M % non-cum. pref. stk.$47,121,189
446% West. A n n .(202 m .) 9,805,050 Consol, ordinary stock_136,988,577
4% Deb. stk. (gen’l chg.)_65,303,528 Deferred stock__________ 3,945,348
10-year 6% notes (new)__15,000,000 (Compare V. 104. p. 256.)
.
-----------Capitalization per mile o f road operated: (a) Debenture stock and annui
ties, about $22,890; (b) tho $15,000,000 new notes, $4,540; (c) dividend
paying stocks, about $56,900 per mile.
C O N V E R T IB L E N O T E S .— Thoso havo interest payablo without de
duction for any taxes imposed by Great Britain or tho Argentine Republic.
Denom. $1,000. Prin. and int. payablo in N . Y .in U. S. gold at office o f
J. P . M organ & Co.; in London at London County & Westminster Bank at
$4 85 per £1 sterling. Tho entire issue, but no part, may bo redeemed
at 102 and int. on and after Feb. 1 1922 upon six months’ notice.
They aro convertible at option o f holder any time after Jan. 31 1918
prior to redemption into ordinary shares o f £10 par valuo, at par, at $4 85
per $1. From 1911 to 1913 the ordinary shares sold continuously above
par on tho London Stock Exchange and from 1905 to 1913 abovo 109.
The Consol. Ordinary stock is entitled to non-cum. 5% dividends beforo
the deferred stock receives any dividends and shares equally with tho (loterred stock in the distribution o f earnings after the latter has received 5% .
A nnual Earns. (Increased In t. Chge. 1915-16 Primarily Due to Construction)
June 30 Years—
Gross.
Net Income. Fixed'Charges.
1906-07.............. $22,375,000
$9,394,000
$2,042,000
1912-13----------- 31,537,000
14.308.000
2,649.000
1914-15----------- 28,120.000
12.471.000
3,305,000
19 5 - 1 6 ............. 27,882.000
10.406.000
3,889,000
A vera g e.............. 26,202,000
11.590.000
2,620,000
As tho now notes are issued to retiro £3,000,000 5% and 6% sterling notes
(issued for construction under Govt, contract), thoy involve only a slight
increase in charges.
From 1907 to 1916 dividends averaging 5.6%
per ann. were paid on the $136,988,000 Ordinary stock. 4% in 1916, 5%
in 1915 and 1914 and 6% in each year from 1904 to 1913 incl. Chairman,
Joseph W . Todd.— (V . 104, p. 256.)
C A Y U G A & SU SQ U EH ANN A R R .— Owns from Susquehanna Rlver~to
Ithaca, N . Y ., 34 m. Leased during length of charter and renewals thereof
to the Delaware Lack. A Western at a rental of $54,600 a year. DIvs. paid
are 9% yearly, with an occasional extra amount; In 1904 9 46% was paid.
O F G E O R G IA R Y .— Operated July 1916, 1,924 miles
(1,432 miles owned)
Lines owned in fee—
Miles.
Lines leased (see these cos.) Miles
Savannah to A tlanta........... 295
Southwestern R R .—
Gordon to Covington_______
82
Macon to Eufaula___________ 144
Columbus to Birmingham. A la . 156
Fort Valley to Perry_________
12
Columbus to Americus_____
62
Fort Valley to Columbus____
71
Montgomery to Eufaula, Ala__
Smlthvllle to Columbia_____
85
Columbus to Greenville, Ga____
Cuthbert to Fort Gaines____
21
Opelika to Roanoke___________
36 Augusta & Savannah R R .—
Eufaula to Ozark_____ ________
60
Mlllen to Augusta___________
53
Griffin, Ga.. to Chat., Tenn.,&o. 198 Chattahoochee & Gulf R R .—
Chickamauga to Durham_____
18
Columbia to Lockhart______
91
Savannah to T y b ee____________
18 T ra c k a g e ______________________
14
Columbus to Andalusia_______
138
Macon Junction to Athens____ 102
Total oper. July 1 1916____ 1.924
Brewton to Dover_____________
77
Barnesvllle to Thomaston_____
16 Also’ owns Medrhn to Lyons, 58 m.
Lyerly Branch_________________
9
(leased to Seaboard A ir Line).
Upper Cahaba Branch_________
12 Ocean SS. Co., est. equlv. o f ____300
Greenville to Raym ond_______
24 Controls Wrightsvllle & Tennille and
W adley Southern R y.
Total o w n e d ________________ 1,432
^ O R G A N IZ A T IO N .-S u c c e e d e d N ov. 1 1895 the Central R R . * Banking
Co. o f Georgia, foreclosed. V . 60, p. 1008; V. 61, p. 68. In Jan. 1916
tho I.-S. C. Comm, consented to retention o f Ocean SS. Co. V. 102, p. 344.
Lain June 1909 the $5,000,000 stock was acquired by the Illinois Centra,
but the road is operated Independently. V 88. p 1550: V 84. n 1550
V. 85, p. 1082, 12681 V. 86, p. 667. On Juno 3 1912 $15,000,000 pref.
stock was issued to retire the incomo bonds acquired by 1 . Cent. ($14,461
11
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 1916, 5% per annum.
.. BO NDS.— The first mortgage of 1895 (described In V . 63, p. 1160) Is a
first lien on the main line from Atlanta to Savannah. Including the Mllledgevllle branch (312 m. In a ll), all equipment and appurtenances, and the equity
In $1,995,000 stock of Ocean SS. Co. V. 84. p. 529. 605: V. 87, p. 550
Application for listing firsts and consols In V. 63, p. 1160.
. o T ^ 0" * 0'- mt9e - (sce abstract V. 61. p. 873; also V. 63. p. 1160; V. 83, p.
1347) Is a first lien upon 600 m. (Including former Mont. & Eufaula R R .
Sav. & Western and Sav. A A tl.); also on the leases of the South Western
and Augusta & Savannah roads and tho stock of New England & Savannah
Steamship Co., and a second lien upon the main line. Its equipment, Ao., and
also on the Macon & Northern, Mobile & Girard, and other divisions. It
also covers all leaseholds, securities, Ac. V. 85. p. 605; V. 89, p. 777.
$520,000
300,000
550,000
175,000
208,000
5,000,000 5 in 1Q10
15.000,000
7,000,000
5g
18,500.000
52
1.000.000
5g
840,000
5g
462.000
5g
168.000
5g
413.000
5 our
2,057,000
4g
343,000
5g
270.000
4g
270.000
4g
5g
122,000
143,500
5
104,300
5
5
_
47.500
&
&
&
Sc
&
&
Sc
D
J
A
J
O
J
O
T o Jan 1920
Aug '17-Aug '22
July T7 -Ju ly’20
Apr ’ 17-Oct' 24
July ’ 17-July’27
M a y 1 1918
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Checks mailed
do
do
do
J &
M &
A &
J &
J July 1 1928
Reading Terminal.
N N o v IS 1916 2 4 Company’s Offloe,
6
O Apr 1 1948
Reading Terminal,
J Jan
1917 4 4 30 Pine Street New
6
F
A Feb 1 1927
&
Phlla
Phlla
Phlla
York
N Y JPM organ& C o.& Lon
N ew York
F &
M &
J &
J a
J &
J A
J A
J
A
J
A
F A
M A
A &
Oot
Oct
Oot
A
N N ov 11945
J Jan 1 1946
J Jan 1 1946
D Deo 11945
D June l 1926
J Jan 1 1947
D June 1 1951
J July 1 1947
A Aug ’ 17-Aug ‘25
S M ar'17-Sep ’25
O Oct 1 1962
1 Nov 1 1945
1 N ov 11945
1 N ov 11945
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 M tgo & T r Co, N Y
Guar Tr Co,N Y or Savau
do
do
do
do
Collateral trust mortgage abstract was In V . 45. p. 242.
The Chattanooga Division mortgage covers tne former Chattanooga
Romo & Southern R R .. Carrollton, Ga.. to Chattanooga. Tenn.. 138
miles, and Durham to Chickamauga, Ga., 17 miles, with branches, In all
164 miles, subleot to $343,000 old 5s, for whloh a like amount of bonds is
reserved. V. 72. p. 1134: V. 78. p. 1446.
Upper Cahaba Branch bonds are scoured by ooal lands In Northern Ala
bama, also by road Henry Ellen to Margaret. A la. V. 81. p. 920, 1099.
O f the General and Refunding bonds o f 1913 ($80,000,000 auth. Issue),
with int. not to exceed 5% . on June 30 1916 $122,000 had boon sold, $6,515,
000 were in treasury unpledged, $636,000 wore In hands o f trustee for
authentication on demand, $31,413.000 reserved to retire old bonds, $ for $,
and the remaining MO.314.0OO for acquisitions, extensions, &c. V. 98. p.
452. Series A bonds are callablo as a whole only at 110. V . 95. p. 110,
889, 1037. Incomo bonds— see preferred stock abovo.
L A T E S T E A R N IN G S .— (1916____Gross, $6,282,101; net, $1,922,025
5 mos., July 1 to N o v. 30. 11915____Grass, 5,297,628; not, 1,395.063
R E P O R T .— For 1915-16, in V. 103, p. 1506.
Year ending June 30—
1915-16.
1914-15.
1913-14.
Operating rovenues.......................... $12,567,618 $12,108,184 $14,326,575
Operating expenses............................ 8,845,067
8,973,511 10,785,764
N e t oper. rovenues__________
Incomo (after taxes, & c .)_____
Othor incomo__________________
$3,722,551
$3,067,288
1,537.732
$3,134,673
$2,547,633
1,355.998
$3,540,811
$2,909,214
898,787
Total income..................................... $4,605,021 $3,903,631 $3,808,001
Int. on bonds, & c........ ...............
$2,021,974 $2,032,271 *$1,840,403
Rentals and miscellaneous__________
661,734
669,355
*876,556
Preferred dividend (6 % )____________
aOOO.OOO
900.000
900,000
Common dividend (5 % )....................
a250.000
250.000
a250,000
Balance, surplus................
sur.$771,313 sur.$52,005 dof.$58,958
O F F IC E R S .— Chairman, Charles II. Markham, Chicago, 111.; Prest.,
W . A . Winbum, Savannah, Ga. General office. Savannah, G a.— (V . 101.
p. 212, 1464, 1547; V. 102. p. 344; V. 103, p. 1506.)
C E N T R A L IN D IA N A R Y .— Muncio to Brazil, Iud., 127 milos, o f which
10 m. trackage. V . 76, p. 653. Controlled by Clov. Cin. Chic. & St. Louis
and Penn. R R . interests. Bonds, guaranteed by Clov. Cin. Chic. & St. L.
(which owns $60,000 stock), aro limited to $20,000 per milo. Tho Penn. Co.
on Dec. 31 1915 owned $750,000 o f 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 1915, gross, $208,574; dof. under opor.
oxp., $29,027; other Inc., $441; chges., $89,738; b a l„ def., $118,324. Pros.,
J. Q. Van Winkle.— (V . 78. p. 1906, 1961.)
C E N T R A L NEW E N G L A N D R Y .— Owns from Campbell Hall, orosslng
the Hudson River at Poughkeepsie by Its own bridge, to Sllvernalls. 34 m.;
Poughkeepsie, N . Y ., to Hopewell, 12 m.; Dutohess Jot., 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 Rhlneoim, 110 m.; Tarltlvllle, Conn., to Agawam Jet., Mass., 14 m.;
Agawam Jet. to Springfield, Mass., 3 m.; trackage over New England R R .,
trackage over Boston & Albany R R ., Wlcopee June, to Flshklll Landing,
1.71 m.; Hopewell Jet. to Danbury, 33.4 m.; total, 301 milos. V . 89, p.
918; V. 95, p. 418.
O R G A N IZ A T IO N ,— On June 30 1916 the N . Y . N . H . & H . R R . owned
$3,737,083 pref. and $4,795,054 com. stock. V. 85, p. 404, 858; V. 89.
0. 469: V . 90. p. 1238. 1296. 1489: V. 91. p. 153. 396. 870.
S T O C K .— Common, $4,800,000; pref., $3,750,000: par, $100.
Dividend on non-cum. prof., 4% . paid in 1913-14; In 1914-15. 6% on
prof, and about 2% on common. 1915-16. 6% pref. and 2% common.
BO NDS.— The 1st guaranteed 4s of 1911 (525,000,000 auth. Issue) are a
first lien on 141 miles o f road and tho Poughkeepsie Bridgo; thaso unsold,
(except $287,000 reserved for Dutchess Co. bonds) are set aside for not
exceeding 75% o f tho cast of extensions, additions and Improvements.
$13,427,000 wero outstanding Juno 30 1915 and $1,217,000 additional In
treasury. V. 98, p. 1315. V. 92, p. 1374, 1635; V. 94. p. 206: V. 96, p. 134.
Tho outstanding $18,000 Gen. M tgo. incomo bonds,duo Feb. 1 1949, on
which 5% p. a. Is regularly paid each Oct. 1, aro covered by a spoclal de
posit. V . 103, p. 1031.
E A R N IN G S .— For 6 months ending Dec. 31:
6 Months
Gross.
Net.
Other Inc. Charges. Bal.. Sur.
1916..................... $2,813,358 $1,221,967
$47,979 $666,044 $603,902
1915..................... 2,476.093 1,210,520
47,170
590,023
6671667
12 Mos. end. June 30.
$196,258 $1,282,627 $978,415
1915-16........... $4,870,933 $2,064,784
68,037
1914-15 ........... 4,055,045
1,343,115
1.001,863
409,289
O F F IC E R S .— E. G. Buckland, N ow Haven, Pres.; A . S. M a y , Treas.;
Arthur E. Clark, Sec.— (V . 98, p. 1315; V. 99, p. 608; V. 103, p. 662, 1031.
C E N T R A L PA C IFIC R Y .— (See M ap of Southern P acific.)
Lines Owned—
M iles. Hazen, N ov., to Keeler, Cal__288.65
Oakland, &c., local lines_____ 17.83
Weed, Cal., to Kirk, Ore____ 127.38
Oakland pier to Elvas, C al___133.46 Natron to Oakridge, Oro-------- 34.39
Sacramento, Cal., to Cecil
M ojave to Owengo. C al---------142.90
Jet., Utah_________________ 692.20 Fornley, N o v ., to Westwood,
Niles to San Jose, C al_______ 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
Raseville, Cal., to Oregon
State L in e ...........................296.58 . Tota l June 30 1916...........2.320.35
O R G A N IZ A T IO N .— Incorp. In Utah In July '99. per plan In V .68,p.378.
In 1914 the Government brought suit to separate the company from the
Southorn Pacific Co. V. 97, p. 1114; V. 98, p. 303, 522: V. 101, p. 1884.
S T O C K .— T h e Southern Pacific Co. owned tho entire $67,275,500 com
mon and $17,400,000 pref. Pref. Is 4% cum. and participates equally with
common after 4% on each. A ll pledged for its coll, trust 4s. V. 96, p. 419.
RAILWAY STOCKS AND BONDS
F e b ., 1917.]
M A P OF THE
G acmes
\ Salta
Rio Anchoo'
CENTRAL ARGENTINE
RAILWAY, Ltd.
Metau
Alcmania
h .......... .
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Central Argentine Ry.
■a i m s
Proposed Branches & Extensions
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26
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, &a., see notes on first page.}
Miles
Date
Road Bonds
C en tral o f Qa R y (Concluded)—
1887
Central R u A t>a coll tr bonds g red at 110— Ce.o*
1907
Equip trust series K $38,000 semi-annually-------- x
—
1918
do
do series L $50,000
do
do ---------Guaranteed, etc.—•
1890
Ocean S3 Co first mortgage gold guaranteed -Ce.zo*
53
Augusta & Savannah stock (no bonded d e b t)------333
Southwestern Railroad stook (no bonded debt) —
Chattahoochee & Gulf stook______________________
91 1900
First M gold $2,000,000 Int rental sf red at 102 45x
117 1903
Cent Indiana— 1st M $4,000,000 gu p&l end.Ce.xo*&r
12 1890
Cent New England— Dutch Co R R 1st M g guar Ba.xo*
149 1911
O N E 1st M$25,000,000g gu redl05beg’21-Fxo*&r*
Central Ohio— See Baltimore A Ohio
Central Ontario R y— See Canada Northern R y —
Centra! Pacific— 1st ref M g gu p A 1 end.Ce.xc*&r 1,349 1899’
3 45s $25,000,000 gold guar p A 1 end----- lIs.xo*& r 1,349 1899
103 1904
Luclncut-olT 1st M $10,000,000 gu (text) .U .xo*& r*
1911
Bonds 250,000,000 francs guaranteed red p a r.-U sx
479 1911
Nevada & Cal, &c, 1st M assumed....................
86 1912
Oregon Eastern Orst mtge assu m ed ..................
Other bonds— see text
Central RR of N J — Stook ($30,000,000 authorized) . .
18S7
Central R R of N J Gen M $50,000,000 gold ..C e.xro All
All
1887
do
do
registered______________
1907
Equip trust Series F _____________________________
1916
Equip trust Series G S3,000,000--------------------1910
1. & W B con M $20,000,000 serial g guar.PeP.xo*
1881
Am Dook A Im p Co 1st M guar redeem at 110. ..x c*
38 1891
N Y & L Br gen M g lnt gu jtly ($192,000 5s) ..Cexo*
1890
Lehigh & Hud R lv gen M gold guar J oin tly ..Ce.xc*
31 1893
Central RR of Penn— 1st M $600,000 ext 1908 . . . F P
40 1881
Central RR of South Carolina— First mtge gold _.xo
Central R y of Canada— 1st M £2,600.000 call lO o----37 1909
Central Counties 1st M (V 90, p 1169)-----------------7 1906
Cent R y of So Car— First M $L50.000 g gu r e d ... C P i
Central Terminal R R — See Minneapolis St Paul & Saul t Ste Mario
b Additional SI, 167,000 in treasury,
c A ll S3,llO.O0O car trust bonds held In treasury.
$1,000
1.000
1,000
1,000
100
100
100
1,000
1,000
1,000
1,000 &o
Rate
%
$1,840 000
38,000
1,000,000
5g
5g
445
1,000,000
1,022,900
5,191.100
436,400
242,000
1.500,000
287.000 4 X
13,427,000
J
5g
0
J
6
J
J
5
.r
5g
M
4g
(6) g J
J
4g
A
A
&
A
F
4g
314 g J
A
4g
M
4
M
6
J
6
500 Ao 98,904,000
500 &o ; 9,441,325
1,000
9,640.000
500 fr
48,262,548
8,500,000
5.000.000
100 27,436.800 12 In ’ 16
1,000\ b43,924,000 / 5 g
1500 &c]
1 5 g
1,000
c llO .000
4
1,000 c3 ,000,000
4 45
l ,000 14,496,00(1
4g
1,000
4.987.00(1
5
1,000
2.500.000 4 & 5 g
1.000
1,062,00(1
5 g
500 &o
600,000
3
300,00C
6 g
£ & $ Seo Text
5
£100
£97,50(
4
$500
150,00(
6g
Ry
L A T E D IV S . (Fiscal Years). '07.’OS. '09. ’ 10. ’ l l . ’ 12. ’ 13. ’ 14. T 5 . T
Preferred, % ___________________ 6 6
6
6 10
6
6
26.6
Common, % ___________________ 6 6
6
6 10
6
6
26.6
B O N D S .— First refunding mtge. gold 4s. $100,000,000. V. 69. p. 808.
and V. 70, p. 739: V. 78. p. 228: V . 87, p. 225. 285, 479: V . 88. p. 52.
Thirty-gear gold 3 45s, $25,000,000. secured by a second lien upon all 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
Oontral Pacific liy ., consisting April 30 1915 o f $4,585,779 in securities and
$467 cash, and by a trust deed upon all the lands covered by ratg. dated
Oct. 1 1870. See M ortgago Abstract, V. 69, p. 858. also see p. 851. From
the proceeds o f these sinking funds and land sales cancellations o f bonds aro
made from time to time: to June 30 1916 $15,558,675 had beon canceled
or purchased for cancelation, reducing those outstanding to $9,111,325.
Lucin Cut-off 4s are red. at 10745 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 Pacific Co (the latter
pledging as security for the guaranty part o f Its interest in affiliated cos.,
notably So. Pacific R R .). V. 92, p. 593, 794; V. 94, p. 130, 1762. In
Dec. 1915 the Southern Pacific arranged to buy back a largo amount o f the
same, presumably to turn them into dollar bonds. V . 101, p. 2146.
The $S,500.000 outstanding Nevada A California 6 % bonds ($15,000,000
auth. Issue) were assumed on purchase Feb. 29 1912; also $3,000,000 Cen
tral California R y., $1,000,000 Chico A Northern R R .. $2,500,000 Sacra
mento Sou. R R . and $5,000,000 Oregon Eastern R y . V . 94, p. 982. 1118.
A ll o f the fiv e foregoing Issues aro owned by So. Pac. Co., as aro also
$10,139,350 5-ycar 6% extensions purchase notes duo M ar. 1 1917.
L A N D G R A N T — Total land grant was about 12,000,000 acres, of which
about 7,117,987 acres unsold June 30 1916.
Sales iu 1915-16, 83.768
acres, avge. price per aero, $5.63. Land contracts July 1916,$2,107,352.
R E P O R T .— Y ear ending June 30 1916, gross, $38,681,484; net income,
after taxes, &c., $16,350,098; gross corp. income, after adding lnt. on securi
ties, &e . $16,889,524; deduct, int., rents, skg. funds, &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 . 103, p. 1210.)
C E N T R A L R A IL R O A D O F H A I T I .— See Haytlan-American Corp.
C E N T R A L RR OF NEW JE R SE Y.— (See M ap Reading System.)— Oper
ates from Jersey City, opposite New York City, westerly to Wilkes-Barre
and Scranton, Pa., and the neighboring anthracite coal Helds: also southerly
to the seashore resorts of New Jersey and to the Delaware River.
• See this company.
M iles.
Lines Owned in Fee—
Miles
Jersey City to Phllllpsburg---------- 72 Nesquehonlng Valley • __________ 17
Sundry branches___________________85 Lehigh A Susquehanna, Phllllpsburg to Union Jet., &o---------- 171
Entire Stock Owned—
Wilkes-Barre A Soranton • ........
4
New York A Long Branch R R .,
5
Perth Am boy to Bay H ead____ 38 Other lines_______________________
Trackage—
„
New Jersey Southern R R ., Long
Branch to Atslon, A o__________ 74 Union Coal R R __________________ 10
Other lines (no d e b t)------------- 154 Allentown Term . (oper.Jointly)-. 4
Other trackage__________________ 32
Leased (Mostly fo r 999 Years)—
Dover A Rookaway R R _________ 5
Total operated July 1916_____ 681
Ogden Mine R R • ________________ 10
There are 262 miles of 2d. 41 miles of 3d and 30 miles of 4 tracks.
H IS T O R Y .— Reorganized In 1887 without foreclosure— see plan V . 44. p*
714, 716. Concerning coal properties, see Lehigh & Wilkes-Barre Coal Co
and Lehigh Coal & Navigation In “ Miscellaneous.”
In 1901 Reading Co.
acquired 314.500.000 stock. V. 72. p. 86, 136 241, 391, 721. In Sept
1913 tho Government brought suit alleging violation o f both the Sherman
law and tho commodities clause of the Inter-State commerce law. In Oct.
1915 tho final decroo o f tho U. S. Dist. Court dismissing said suit, ordered
that this company must dispose of its interest in the Lehigh & Wilkes-Barre
Coal Co. within 90 days. Both parties have appealed to tho U. S. Supreme
Court. V. 97, p. 666; V. 101, 1464, 1807.
D IV S .— ’91. ’ 92 to '94. ’95. '96. ’ 97. ’ 98. '99. ’00, ’01. 1902toFob ’ 17
R egu la r.. 6 45 7 y ’rly 5 45 5 4 4* 4
4 5
5
8 yearly (Q - F ).
Special
. .
_______ __________ Dec. 1899 to Dec 1916.4 yearly (J & D )
Special dividends o f 2% each (making total annual distribution 12%)
were paid as usual Dec. 1915 and J&D 1916. but not as previously, out of
Leh. & W .-B . Coal Co. dividends, the Court decision in the anthracite
case having enjoined the company from receiving payments from that
company. V . 103, p. 60; V . 89. p. 1410; V . 90, p. 1612.
B O N DS.— For General Mortgage abstract, see V. 45. p. 402.
The $20,000,000 Lehigh A Wilkes-Barre consol, serial 4s are guar, prln
and lnt., and mature $2,500,000 every 5 years beginning June 1 1915.
E A R N IN G S .— For 5 months ending N o v . 30:
Five Months—
Gross.
Net.
Charges.
Dal., Sur.
1916........................... ..$14,999,439 $5. 92,658 $2,783,429 $2,809,229
1 9 1 5 ............................. 14,126,789
5,477,869 2,623,387
2,854,482
A N N U A L R E P O R T .— The report for 19.5-16 was In V. 103, p. 1207.
Earnings from—
1915-16.
1914-15.
1913-14.
M erchandise.......... ........................... $16,254,976 $12,649,149 $12,220,103
Coal ...........................................
8,860,622
8,712,472
9,373,920
Passengers___________________________
5,893,056
5,508,150
5,877,854
M a il, express, & c ............................... 2,454,275
1,872,485
1,779.215
T o ta l operating rovenue___________$33,462,929 $28,742,256 $29,251,092
N e t earnings........................................$12,333,033 $9,790,949 $9,509,248
T o ta l not Income (after taxes)______ $11,809,544 $10,702,859*$13,040,013
2,619,373
2,473,288
Interest on debt, & c_________________
2,448,550
478,970
86,798*
M iscellaneous_______________________
137,341
2,830,595* 4,467,086
Rentals paid________________________
3,251,080
3,292,416
3,292,416
Dividends (1 2 % )............................... 3,292,416
____________ ___
Balance, surplus______________
a$2,680,157 $2,019,762 $2,431,518
__
_
___
* Revised for comparison. a Doos not Include Lehigh & Wilkes-Barre
Coal Co. divs o f Dec. 1915 and Juno 1916 declared, but not yet received,
amounting to $l,103,655.1Pres., VV. G .’iBeslor.— (V . 103. p. 1117, 1207.)
Amount
Outstanding
Par
Value
[V o l . 104.
When
Payable
Last Dividend
and Maturity
N May 1 1937
S Mob 1 1917
J Jan 1 1926
Guaranty Trust Co, N Y
Kountze Bros. New York
Commercial T r Co, Phila
&
&
A
J July 1 1920
J Jan 1917 2 45%
J Jan 1917 245%
.1 Jan 1917 245%
J July 1 1930
N May 1 1953
n June 11940
J Jan 1 1961
Guaranty Trust Co. N Y
Savannah, Ga
Savannah and Macon
Savannah. Ga
Cl tlzens’ Bk,Savannah. Ga
Central Trust Co, N Y
Fid I T A S D Co. Phila
Lincoln N at Bk, N Y
&
&
&
A
A
A
A
D
()
S
N
J
165 Broadway,New Y ork
do
do
do
do
London, Paris, Belg, &o
Owned by South Pao Co
do
do
M A
M A
J &
a
Aug
Aug
Oct
Moh
N ov
Jan
11949
l 1929
1 1954
1 1946
11941
1942
Q— F Fob 11917 2%
A J July 1 1987
J— ,r July t 1987
J A i) June 1 1917
M & N M a y 1 1926
J A D Ju nel 1920-’ 50
J A J July 1 1921
M A S Sept 1 1941
r A J July 1 1920
M A N May 1 1923
J
A J July 1 1921
Q—-J Jan 1 1964
M&S 14 1949
J A J Jan 1 1926
J
Places Where Interest and
Dividends are Payable
Office 143 L iberty S t,N Y
Liberty Nat Bank, N Y
Check from Treas. Office
Liberty N a t Bank, N Y
do
do
do
do
do
do
Liberty N a t Bank, N Y
Irving N at E x Bk, N Y
Fidelity Trust Co, Phila
Bankers Trust Co, N Y
See text
Colonial 1'rust Co, Plttsb
C E N T R A L RR. OF P E N N S Y L V A N IA .— Owns Bellefonte (Penn. R R .)
to 44
Mill Hall, Pa. (Pa. D lv. of N . Y . C. A H . R . R R .). 27.3 miles: branch,
3.4 miles. Current liabilities Juno 30 1916, $745,656. For year 1915-16,
145145
gross, $60,575; not. $ 1,446; other inc., $179; charges, $25,572; deficit, $20,
947. Stock, $600,000; par, $50. Pros., W . H . Gephart.— (V . 88, p. 1312.)
C E N T R A L R R . OF SOUTH C A R O L IN A .— Owns from Lanes, S. C.. to
Sumter, S. 0., 40.2 miles; spurs, &o., 1.61 m.; total. 41.81 m. Leased to
Atlantic Coast Line R R .; rental, $31,000 yearly and taxes. Stook, $170,
400; par, $50. In 1914-15, rental, $31,000: general expenses, $326: lnt.,
$18,000; divs. (7 .2 % ), $12,240: balance, surplus, $1090.— (V . 64, p. 887.)
C E N T R A L R Y . OF C A N A D A — Projected to extend from Midland on the
eastern shore o f Georgian Bay on the Great Lakes to M ontreal, 343miles,
with 95 m. o f branchos. V. 98, p. 1315. 1692, 1845; V. 99. p. 748.
O f the new bonds (£2,600,000 authorized issue, limited to $30,000 per m .),
£500,000 were offered in exchango for tho old bonds. Trusteo, C ity Safe
Deposit & Agency Co., L td., London. V. 98, p. 1315; V. 99, p. 747.
In April 1916. owing to war conditions, tho principal subscribers to tho
bond issue had failed to pay up and judgments woro obtained against; thorn.
Th e company was at that timo obligated for £386,485 ($1,880,894) on
account o f £304,825 1st M . 5s o f M a y 1914 that had been sold, and was
owing to creditors about £43.880, most o f which was secured by pledge of
£123,000 ($598,600) additional o f said bonds. A plan (V . 102, p. 1810)
deposited with the Exchequer Court o f Canada M a y 3 1916 confirms the
lion o f the aforesaid bonds, but calls for tho funding o f all interest thereon
current or overdue to and including Jan. 1 1921 Into 6% non-cumulativo
income bonds; it also calls for tho exchange o f the full amount o f the claims
o f other creditors, both secured and unsecured, into said income bonds.
A ll cash G ovt, subsidies received up to Jan. 1 1921 w ill bo used for construc
tion and equipment, but after that date for 1st M . Interest. In January
1917 tho holders o f a majority o f the bonds had assented, but as 75% is
required the time for obtaining consent has been extended to April 1917.
A t adjourned meeting Jan. 20 1917 over £300.000 (over 70% ) o f bonds being
represented, resolutions were adopted approving tho plan, and tho following
committee was appointed, Including J. E . W ilder and I1. Wilson Smith, of
Montreal; Frederick Freeman and Leonard Cloud, London, and J. G. Archi
bald, Paris. Capital stock auth., $7,000,000; issued, $2,328,500. Pres.,
Hon. W illiam Owens; Viee-Pres., C. N . Armstrong; Treas., Henry W .
Raphael; Sec., J. Douglas Wells. O ffico, 103 St. Francis X avier St.,
M ontreal.— (V . 103, p. 320, 2428; V . 101, p. 559.)
C E N T R A L R Y . OF SOUTH C A R O L IN A .— (V . 82. p. 927.)
C E N T R A L VERMONT R Y .— Operates from Rouses Point, at north end
ol Lake Champlain, to New London, Conn., with branches, 536 miles In all,
of whloh 160 miles leased, viz.: New London A Northern (see that co .). 121
miles; M ontvllle Branch, 3; West River R R ., 36 m. V . 68, p. 1070. In M ay
1914 received authority to lease for 999 yrs. Southern Now England R y.
partly built. Palmer, Mass., to Providence; and in M a y 1916 asked right
to purchase it. V. 102, p. 1718. Tho advances by the Central Vermont on
account of this line had on Juno 30 1916 aggregated $8,384,749, the C . V. s
loans and bills payabto June 30 1916 amounting to $7,758,085. V. 98, p.
1459; V . 102, p. 65, 2341; V. 103, p. 2078. Steamboat service, V . 103. p
406.
S E C U R IT IE S . &o — The Grand Trunk R y . holds $2,164,500 of the $3.
000.000 stook. Form of Interest guaranty, V . 85, p. 283. For Central
Vermont Transportation guar. 5% bonds, see V. 88, p. 1252; guar, bonds
ooverlng 2 steamships. V . 94, p. 910, 1249. 1626. 1695; V. 95. p. 749.
In Juno 1916 contemplated croating $30,000,000 bond issue to provido
for funding, refunding, completion o f Southern Now England R y ., future
improvements, &c. T o bo guaranteed by Grand Trunk R y.
E A R N IN G S .— 6 m os., (1916________ Gross, $2,271,673; not, $450,360
July 1 to Dec. 31.
(1915.............Gross, 2,078,770; not, 424,009
R E P O R T .— For year ending June 30 1916, seo V . 103, p. 1883.
Year—
Gross.
Net.
Other In c.
Charges.
Bal., Sur.
1915-16____ $4,612,358
3974,645
$43,720
$843,157
*175.208
1914-15____ 4,210,411
719,924
66,220
770,726
15,418
O F F IC E R S .— Chairman, E. J. Chamberlain; Pres., E . C . Smith; Clerk
and Treas., W . H . Chaffee, St. Albans,Vt.— (V . 103, p. 1508,1883,2078.)
C E N T R A L W E S T V I R G I N I A & S O U T H E R N R R .— Hondricks, W .
Va., to Armentrout, 30 miles; loasos Red Crook R R ., Red Creok Jet. to
Laneville, 5.70 miles; total, 35.7 miles. Stock, $500,000; par. $100.
Bonds ($1 000,000 authorized), o f which $500, OOOresorvodfor new construc
tion. Callablo on any int. day after Jan. 1923 at 105. Sinking fund ortires 245% o f bonds outstanding semi-annually. Pros., Robert F. Whttraer; 1st V .-P ., J. A . Harris; 2d V .-l\ , W . H . Bower; Treas., J. E . Richards;
Sec., Fred H . E ly, Philadelphia, Pa. Offico, Hondricks, W . Va.
C H ARLESTO N (S. C.) T E R M IN A L C O — R O A D .— Owns terminal road,
5.02 m.: 14 wharves, 30 warehouses, 4 cotton compresses, &o. V. 77,
p. 148, 298. Stook, $200,000, owned Jointly by A tl. Coast Lino R R . and
Southern R y., whloh agree to make good any deHelcnoy In Interest on bonds.
Loans and bills payablo, $30,000.
For yoar ending Juno 30 1916, gross,
$198,935; net. $92,289: 1914-15, gross, $227,363; net incomo, $27,369; int.
on bonds, $32,000; bal., dcf.. $2,573 — (V . 77, p. 146.)
CH ARLESTO N U NIO N STATIO N C O — Owns passenger station at
Charleston, S. C., used by Atlantic Coast Lino and Southern R y ., whloh caoh
owns oue-half the stock and guarantees the bonds, p. A L. by endorsement.
Rental covers interest on bonds and 4% on stock. Soaboard A ir Lino R y
also uses passenger station under agreement.— (V . 84, p. 50.)
CH AR LESTO N & W ESTERN C A R O L IN A R Y .— Port Royal, S. C.. via
Augusta. Ga., to Spartanburg, S. C.. 246 m.; branches to Anderson and
Greenville, S. O., 95 m.; leased, 2 m.; total, 343 in. Entire stock owned by
A tl. Coast Lino Co. V . 66, p. 38, 335.
S T O C K .— $1,200,000; par. $100. See Augusta Term . R y . V. 68. p.383.
B O N D S .— O f the 1st consol. 50-yr. bonds o f 1914 ($10,000,000 author
ized issued), $2,380,000, Issued to retire the Incomo bonds, have interest
payable at 2% yearly for the first 2 years, 3%> for the next 3. 4% for the
Feb ., 1917.1
27
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, &c. see notes on first page)
Central Vermont— Stock $3,000,000- - - - - - - - - - —
First M $12,000,000 gold trafllo guar-------AB.xoAr
First & Refunding mortgage $30,000,000----------Gar trusts $13,000 or $14,000 due sem l-annually..Eo tr notes due $49,000 eaoh F A A (V 94, p 350)x
Montreal A Province Line R y 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 SorB due $50,000 seml-an guar.-B a.x
C e n tra l W Va & Sou th R R — 1st M g s f red te x t-.c *
Charleston & Savannah— Sec Atlantic Coast Line R R .
Charleston Terminal— FlrstM $1,000,000 g __G .xc*Ar
Charleston Un Sta— 1st M$400,000 g gu(text) Eqxc* Ar
Charleston ft West Car— IstM g($8,000 p m )C e.xc*Ar
1st consol M Ser A _________________ _____ SB a.xc*
do
do
______________________________________
Augusta Terminal R y 1st M gold guar p A 1end.xCe
Charlotte Monroe & Columbia— 1st M $70,000 g — c*
Charlotte Columbia & Augusta— See Southern R y
Chartiers— See Plttsb Cincinnati Chicago & St Louis
Chattahoochee Valley—
.„
Consolidated mortgage $280,000------------Chattanooga S tation— 1st M g g u (te x t)----- --IEq.xo&r
Chesapeake Beach— First mtgc see V 81 p 974--N .c
Chesapeake & Ohio— Stock ($155,000,000 authorized)
Terminal 1st M 1922 ooverlng 8 m to Phoebus g.zo
First consol mtge for 530.000.000 gold --Ce.xo Ar
Rich & A ll Dlv 1st A 2d Ms ($1,000,000 2ds)Ce.xo
Craig Valley Branch first mortgage gold
-Ce.xc
Warm Springs Branch first mortgage gold --Ce.xc
General mortgage (for 570,000^,000 &o) gold. -Ce.xc
Paint, Creek Branch 1st M $750,000 gold----- Ce.xc^
GreenbNcr Ry^l si ‘m ’ $%.000".000 g'as'sumed- - Eq ,xo•
Big Sandy R y first mtge $5,000,000 gold---C e.xc
Potts Cr Hr 1st M $1,000,000 auth(V 83,p 693)Ce.xo*
Virginia A ir Line 1st M $900,000 g assumed-----Raleigh & Southw 1st M $1,500,000 g assumed.Cex
Gen fd & Imp M $11,000,000red 10 7^-U sm .xo*& r*
Convert g bonds $37,200,000 red text U sm .xo*Ar*
Convert g bonds $40,180,000 g ----------------- c*&r*
Miles Date
Road Bonds
A ll"
40.6
30
1899
1916
1907
1912
1900
1909
1912
1913
Par
Value
$100 $3,000,000
500 Ac 11,750,000
1,000
1.000
100 Ac
1.000
1.000
1,000
1903
1907
1896
1914
1914
1897
18 1902
1,000 Ac
1,000 Ao
1,000
1,000
1.000
1,000
1.000
1900
1907
1898
1,000
1.000 Ac
1,000
100
600 Ac
1,000
1,000
1,000
1,00(1
1,000
1,00(1
1,0 0 c
1.00c
1,ooc
1,00c
1,00c
1.00c
1.000 Ac
1,000 Ac
500 &c
343
343
343
32 l
A
28
lO 1882
697 1889
242 1890
26 1890
25 1891
1.419 1892
23 1905
86 )4 1905
101 1900
80 1904
20 1906
35 1907
35 Vi 1906
1,048 1909
1910
1916
.
Amount
Outstanding
13,000
490.000
200,000
113,000
550,000
600,000
Rate
%
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
$2,185, 100 held by Grand Trun k R y of Canada
American Trust Co, Bost
Q— F May 1 1920
4g
4)4
5
4g
5 2
52
6g
800,000
42
250,000
4 2
2,720,000
52
2,380,000 2 to 5
See text
600,000
62
70.000
52
280,000
1,000,000
1,000,000
62,792.600
142,000
29,858,000
7,000,000
650,000
400,000
48.129.000
539.000
2,776.000
1,762,000
4,365,000
600.000
900,00(1
857,00(1
3.698.00C
31,390,00(1
40,180,000
When
Payable
5
42
62
A A O April 1917
F A A Aug' 17-Fob ’22
A A O Oct 11950
M A N15 T o M a y 1921
M & N T o M a y 1922
J & J Jan 1 1933
Office, Montreal, Canada
Blair A Co, New York
Amer L A T r Co, Boston
Bankers Trust Co, N Y
do
do
West End T r Co, Phlla
J
J
A
J
J
A
A
Guaranty Trust Co, N Y
Equitable Trust Co, N Y
Central Trust Co, N Y
N ew Y ork or Baltimore
do
do
Central Trust Co, N Y
A
ft
A
ft
A
A
A
J
J
J
July
Jan
Oct
Jan
Jan
() Apr
O Oct
J
J
O
J
J
1 1953
1 1937
11946
1 1964
1 1964
1 1947
1 1932
AJ15 July 15 1920
A J Jan 1 1957
A J July 1 1923
D eq30 ’ 16 2%
J A D June 1 1922
6g
M A N May 1 1939
52
J A ,T Jan 1 1989
42
J A J July 1 1940
5 2
M A 8 Mch I 1941
5 g
4)4 2 M A S Mch 11992
F A A Feb 1 1945
4g
J A D June 1 1945
4g
M A N N ov 1 1940
4 2
)
.1 A 1 June 1 1944
4 g
J A J July 1 1946
42
M & N May 1 1952
5g
.) July 1 1936
.1
4 g
J A J Jan 1 1929
5 g
4 )4 g F A A Feb 1 1930
A & O Apr 1 1946
5g
ft
Amer Trust Co, Boston
J, P . Morgan & C o. N Y
In default
Office, 71 Broadway, N Y
J P Morgan A Co, N Y
do
do
do
do
O ffico 71 Broadway, N Y
J P Morgan A Co. N Y
do ■
do
Office 71 Broadway, N Y
J P Morgan A Co. N V
do
do
do
do
Offico, 71 Broadway, N Y
do
do
do
do
do
do
do
do
N ew Y ork
Collateral Pledged or to be Pledged for First Lien and Im p t. Mortgage Bonds.
C. & O. Equipment Corporation securities representing equip’t .S l 1,925,632
Ches. & O. R y. Co. o f And.— A ll stock, bonds and notes______ 13,861,308
Hocking Valley R y . Co. stock (out o f $11,000,000 outstanding) 8,825,000
d ie s . & Ohio R y. Co. General Funding & Im pt. bonds_______
7,302,000
Proceeds o f Kanawha & Michigan stock sale (being principally
applied to purchase o f C. & O. Northern stock)----------------4,026,500
Elkhorn & Beaver Valley R y. Co. stock & bonds (V . 99, p. 119) 1,061,000
Logan & Southern R y . Co. stock--------------------------------------292.100
Tho First Lien & Improvement Mortgage bonds will thus bo (1) a first lien,
either directly or through deposit o f all stocks and bonds, upon 320.57 miles
o f railroad, viz.: (a) Directly on 29.34 miles o f coal branch lines iu West
Virginia; (b) through deposit o f all securities on 9.79 miles o f Logan &
Southern R y . in W. Va., on 20.74 miles o f Elkhorn & Beaver Valley R y .
in Kentucky, and on 260.7 miles o f main line between Cincinnati and Chi
cago. (2) a first lien on all stock o f C. & O. Northern R y ., road under
construction, and 80.23% o f stock o f tho Hocking Valloy R y . Co. (3) A
i S S S : Mcured8 conSol/ Stock. 348.000; P .r 3100. Pro,
W B . lion on all tho remaining lines o f railway owned or controlled by the com
Bonsai; Sec. & Troas., S. O. Bauersflold, McBoo, S. C .— ( V . 89, p. 1346.) pany, aggregating about 1,800 miles, subject to $101,872,000 prior liens.
C H A T F A U G A Y & L A K E P L A C ID R Y .— (See M a p Del. A Ilu d s o n .)Tho 4 >3% convertible bonds, duo Feb. 1 1930, havo a parity o f lien with
O p e ra te fr o W llt t e b u r g . N Y . to Lake Placid. 79 miles, o f which Bluff the First Lien & Im pt. bonds on such lines as wore owned on A pril 28 1910.
Point to Dannomora, 16 m ., is leased at nominal rental from State o f N . Y . but not on the above-mentioned collateral.
Stock. $3,450,000, o f which $3,000,000 Is 4% non-cum. prof., the latter
O f tho authorized $37,200,000 convertible gold bonds o f 1910, $31,390,000
all owned by D . & I f. (V . 84, p. 50) and $450,000 common stock, o f which were Issued In that year. Th ey are redeemable after 1915 at l y g H .
tho I ) . & I I . owns $75,000. Leased to tho Del. & Hudson until Dec. 31 and convertible at par, at tho option o f the holder, Into stock till Feb. 1 1921.
2403 any balance over expenses of operation, Interest, taxes, maintenance, V . 90, p. 771, 848; V. 91. p. 870, 945, 1159. 1574.
damages, dividend on pref. stock, Ac., to go to the lessor
The lease Is
Tho Convertible 30-year 5% gold bonds for $40,180,000, bearing interes
subjoct to revision on 6 months’ notice by oithor party. (V. 84, p. 50, 930.)
from April 1 1916, were authorized in March 1916 (V . 102, p. 1162) to proC H A T T A H O fiC lIF F & G U LF R R .— Columbia, A la., to Florala, 92 m.
vldo for tho retirement on June 1 1916 o f $33,000,000 5-year 5% secured
L E A S E .— Leased In 1900 In perpetuity to Cent, of Georgia R y . for 6% on gold notes dated 1914 and for other financial requirements. The privilege
$436,400 stock and S407.000 bonds (o f which only $242,000 outstanding o f purchasing those now bonds at 97)4 and int. was underwritten by a
Jan. 1 1917), o f which 1% to be used as a sinking fund for retirement o f syndicate) and offered to holders o f common stock o f record A pril 3 1916.
bonds, upon completion o f which rental will bo
Payabl®, J.-J. The bonds arc convertible at option o f holder at face value into common
8ee Gent, o f Ga. lt y .— (V . 93. p. 1599; V . 95, p. 1607; V. 99, p. 1748.)
stock (a) at $75 per share up to and Including April 1 1920, (6) thereafter
C H A T T A H O O C H E E V A L L E Y R Y .— Standing Rock, Ga via West at $80 per share up to and incl. April 1 1923, (c) then at $90 per share up to
Point to Jester, A la., 32.5 m.; with extension completed In>1916 from M c and inch April 1 1926, and (d) at $100 per share up to and lncl. A pril 1936.
Culloch, A la., to Bleecker, 11 m. Stock auth., $1,000,000; Issued, $110, with adjustment o f dividends and interest. Th e entire Issue, but not a
000; par, $100. Bonds, seo tablo al>ovo. The $50,000 old 6s, duo July 15 part thoroof, is to bo redeemable at option o f company on any Interest
1916, wore replaced by consols. V. 103, p. 843. Year 1915-16, gross, date up to and including April 1 1929 at 105% and interest, and thore$138,521; net, after taxes, $67,030. Year 1914-15, gross, $108,652.— (V . after-at 100% and int., upon 60 days’ notice; in case o f redemption during
tho conversion period the privilege o f conversion shall terminate 30 days
103, p. 843.)
prior to the redemption date. The bonds are secured by deposit with
CH ATTAN OOGA STATION C O — Owns union passenger station opened the trustee o f $44,765,000 First Lien & Im pt. M . 5% bonds, above de
Deo. 1 1909 and approaches at Chattanooga, denn., used by tho Southern scribed, and cash to the amount o f $1,010,625 in lieu o f $1,155,000 First
R y ., Central of Georgia, Alabama Great Southern and CIn. N . O. & Texas Lion bonds to be deposited hereafter. A proportionate amount o f the
Paolflo, which eaoh owns one-fourth of the stock and guarantees the bonds security may bo withdrawn as bonds arc conv. into stock. V. 103, p. 60.
and severally, p. < !.. by endorsement. Rental covers bond Interest
&
Louisville & Jeffersonville Bridge.— See separate statement for that co.
a n d ^ r ” °n "sto ck .— ( V . 84. p 50.)
Greenbrier Ry. 4s V. 72, p. 626; see also V. 71, p. 554, 602; V . 79, p. 915.
C H E S A P E A K E & O H IO R Y .— (See M a p .) -On June30 1916operated:
Controlled by stock—
Miles
Big Sandy 4s o f 1904, V . 79, p. 917; V. 82, p. 297; V . 87, p. 225, 414*
Lines owned in fee—
AffIM.
Ft.M onroe,Va.,toCovIngton,Ky. 6b3 Bridge— Covlngton-Clndnnatl
2 1418. Guaranty, V . 81, p. 668.
Ches. A Ohio R y . of Indiana.
261
Richmond via Lynchburg, to
Coal River 4s. V . 80, p. 2219; V . 83. p. 693: V . 89, p. 720; V . 98. p. 452.
Lines leased—
Clifton Forge, V a . . . .......... 230
Paint Creek B r. 4s $211,000 reserved for extensions. V . 81. p. 974. 910
38
Branobes In Va. and W . V a —
<>66 Sundry branches leased
84
Denton, K y ., to Lexington----- 103 Trackage to Louisville
Raleigh & Southwestern 4s, V . 84. p. 1114: V . 89, p. 720.
B ig Sandy Jot. to Elkhorn City.
Trackage to Washington, b V o "
85
Car Trust, Gold ( Denomination $1,000 Each).
64
with branoh---------128 Other traokage_______________3
Series. Date.
Outstanding.
Mature in Installments.
Branches In Kentucky----------70
Total o f a ll________
.T2J591 •’ N ” 1914 4 )4 % ________1,275,000 Juno '17-Juno 15 24
85,000s.a.
______
-Second traok (481 owned) 601 mB®8- Also controls Hocking valloy
158.000 s.a.
350 m. O. & O. N or. R y. and one-sixth int. in Richmond-Washington Go. ' “ ° ” 1916 4 y ,% (^ _ 2 g44 000 July 15 '17-jan. 15 -26
Th e Chesapeake & Ohio Northern R y. (see caption that co.) is building S. S. O. Co. 1913........... 1,863,228 T o . Sept. 15 1918
a 30-milo lino which, as supplemented by 32 miles trackage over the N o r O. L . & O. Works 1914-. 131,974 T o Dec. 15 1917
..................
folk & Western, will afford a direct connection with tho Hocking Valley, A . L . Co. 19 14 .--......... 332.967 Oct. 1 1917
---------
and thus to tho Great Lakes, replacing Kanawha & Mich..Une (V . 101. p, L. & C. W ks................ 510.000 Dec. 1 1920
30,000
1884). O f the cost o f tho now lino, estimated at about $4,500,000, $4,000,
Interest paid semi-annually as Indicated by m aturity date: ‘ ‘J ,” “ L ”
000, the proceeds o f sale of Kanawha & Michigan stock, is on deposit.
and “ M ’ ’ at Blair & Co.; “ K ” at Guar. Trust Co.; " N " and “ O ’ at Commer
V. 100. p. 1751: V. 98. p. 1536, 1692.
H IS T O R Y , AC.— In 1888 reorganized without foreclosure. In 1909 a cial Trust C o., Philadelphia
syndicate headed by Edwin Hawley (now deceased) acquired about $24,
F IN A N C E S .— Tho $40,180,000 convertible 30-year 5s offered to share
000,000 stock, or virtual control. V. 88, p. 294. Owns $8,825,800 o f holders In March 1916 after having been underwritten by a syndicate
$11,000,000 Hocking Val. com. stock. As to Chos. & Ohio R y . o f Indiana
hoadod by Kuhn, Loob & Co. and N at. C ity C o. o f N . Y ., provided for the
see below. V. 90, p. 1675; V. 91, p. 93. 214, 802.
retirement on Juno 1 1916 o f the S33.000.000 5% secured notes o f 1914
Kanawha & Mich, stock was sold to Toledo & Ohio Central R y . as o f
(thereby doing away with burdensome requirements) and for other financial
Juno 1 1914 at par with Int. from that date, $2,000,000 to bo paid In cash purposes; soo above and V . 102, p. 1164.
and remainder In T o l. A Ohio Central note duo Sept. 1 1915, guaranteed by
The company in March 1916 decided (see V. 102, p. 1162, 1810) that it
Lako Shore & M ich. Southern Itv. and fully secured. V. 96, p. 62, 134. would appropriate out o f its net income during the three years beginning
V. 97, p. 1425; V. 98, p. 911, 1536; V. 99, p. 1066, 1055, 1450.
M ay 1 1916 an aggregate sum o f not less than $7,500,000 for additions and
D IV S .— 11899 to 1908. 1909. 1910. 1911. 1912. 1913. 1914.1915. 1916. betterments and for capital expenditures or reduction o f capital liabilities.
Per co n t-.l
1 yearly
3
4 )(
5
5
4)4
3 None
2
Including during tho three years mentioned equipment obligations already
Dividends wore resumed in Dec. 1916, 2% being paid. V. 103, p. 1888 Incurred aggregating about $5,000,000.
S T O C K .— Author, stock was increased In 1916 to $155,000,000, o f which
A N N U A L R E P O R T .— Fiscal year now ends Dec. 31. Cal. year 1916,
$37,200,000 wits reserved for conversion o f 4)4s o f 1910 and $50,240,000 for
V . 104, p. 655. Roport for year end. Juno 30 1916, V . 103, p. 1298, 1319:
conversion o f 5s o f 1916. V. 102, p, 1162, 1625.
B O N D S . — Abstract of consol, mtge. of 1939 In V. 49. p 147; V. 80, p.
---- Years end. Dec. 31---------- Years end. June 30—
1588: V. 92, p. 260: of Richmond A Alleghany mtges., in V. 51, p. 144.
1916.
1915.
1915.
1914.
The G en era l mortgage of 1892 (Central Trust Co. and I I . T . Wickham,
Average miles operated2,379
2,373
^ 2,369
--2,346
trustees) Is for $70,000,000, but additional amounts at $25,000 per mile m aj
Passenger earnings_______ $6,435,025 $5,713,463 $5,696,088 $6,098,059
be Issued for doublo-traoklng. Sec full abstraot of mortgage In V . 54, p
Freight
39,888,933
35,198,358 31,288,537 28,866,516
644. In July 1915 $31,131,000 was reserved to retire underlying bonds.
Express, mail, &C............ 3,510,354
2,669,020
2,479.412
2,495.289
General Funding and Im p. mort., V. 87, p. 1663; V .8 8 ,p . 157.
Tota l earnings............ $49,834,312 $43,580,841 $39,464,037 $37,459,864
Tho "F irs t Lien and Improvement" mortgage o f 1911 is limited to $125,
000,000 bonds, bearing interest at rates not to exceed 5% . I t provides for Operating expenses_____ 32,698.676 28.998,626 27,556,414 26,413,898
extensions and hunts, and the retirement o f certain equipment and other
N e t earnings............... $17,135,636 $14,582,215 $11,907,623 $11,045,966
obligations, including tho “ General Funding and Im provem ent” bonds,
563,038
25,758
203,453
1,191,433
and for other corporate purposes. Tho ontiro $44,765,000 outstanding Other Income (n e t)_____
under this mtge. in June 1916 has been pledged to secure tho S40,180,000
Total Income..............$17,698,674 $14,607,973 $12,111,0763$12,237.399
convertible 5s o f 1910, duo 1946.
next 5 and thereafter 5% . O f tho remaining bonds (to bear interest no
higher than the So. Carolina rate), $2,720,000 are Issuable from tlmo to
time to retiro tho old 1st 5s, $600,000 to tako up the Augusta Terminal 6s
and $4,300,000 exten., betterm'ts or eouip. V. 98, p. 1315. V. 100, p. 1347.
Exchange o f tho $2,380,000 Incomo Bonds was completed in A pr. 1915.
Seo V. 100, p. 1347.
E A R N IN G S .— 6 mos., /1916............. Gross, $1,045,645; net, $332,747
July 1 to Dec. 31.
\1915________Gross,
905,900; net, 200,599
R E P O R T .— For year ending Juno 30 1916, gross, $1,885,624; not, after
taxos, $575,873; other incomo, $56,500; int. on bonds, rentals and other
charges, $292,822; balance, $339,552. In 1914-15. gross $1,765,636, not;
$339,808. Pres., F . B. Grier, Greonwood; J . R . K e n l y , 1st V .-Pres.,
A . W . Anderson, 2d V.-Pros. and Gen. M gr.; R . D . Cronly, Sec., W ilm ing
ton, N . C — (V . 100, p. 1347, 2009.)
[V o l . 104.
R A IL W A Y STOCKS A N D B O N D S
x
F e b ., 1917.]
29
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
\For abbreviations. A c ., see notes on first page]
d i e s . & O h io — (Concl.)
First lien & lmpt mtge $125,000,000 authorized----x
Car and equipment trusts (see te x t)-------------------Guaranteed bonds—
K iev Co lstM g (C & 0 owns $208,000)gu p & L C e.zc*
2d M Inc u-c (C&O owns $402,500) n ot g u a r.z c *
Ches & Ohio N o r R y— See statement below
Louis & Jeff Bdg 1st M $5,000,000 g u p & l en d-.o*
Norfolk Ter & Trans 1st M (V 67, p 322) gu p & Lx
Western Pocahontas Corp 1st M (V 84, p 905)___x
do
do
do
Extension No l . x
do
do
do
Extension No 2.x
Rlohraond-Washlngton Co (one-sixth Interest)____
C hes & O h io N or— 1st M (closed) red 105 gu p & i . .
C h e s & O R y o f ind— 1st M $30,000,000 red p a r...B a x
Chesterfield & Lancaster— 1st M $750,000 g_Coi.xo
Chestnut Hill R R — Stock rental P & R R y ................
Chicago & Alton RR — Common stock_______________
Preferred stock 4% non-cumulatlve_______ _______
4% cumulative participating and prior lien stock..
Chic & Alton R R (old) ref M g (see text) IC.xo*&r*
First lien (old R y) M subjeot to call at par.F.xo&r
Debentures, subject to call.......... ....... CexfEqually
Gen M $20,000,000 g red text-U sm xc*& r*l secured
O & A Eq Trust
$82,000 Ser E due s-a.......... Bax
do
Trust
Ser F due 13M or 12M s - a . . . . . x
do
Ser Ggu red 101 due $72,000 an.PeP.xo*
Kansas City St Louis & C preferred stack g u a r ....
Joliet & Chicago 7% stook perpetual guar by C & A
Louisiana & Missouri guaranteed preferred stock..
Rutland Tol & No 1st M g gu red since Oct 15-NCo*
Miles Date
Road Bonds
Amount
Outstanding
Par
Value
1911
—
30.4
262
38
4
889
943
_
162
37
101
27
Rate
%
When
Payable
5
1888
1888
$1,000
1,000
$820,000
450.500
4g
4
1895
1898
1905
1906
1906
1903
1915
1910
1905
1,000
1,000
1,000
1,000
1,000
1,000 &c
1,000 &c
1.0(H)
1,000
50
100
100
100
1 000 &c
1,000 &c
a4,500.000
500.000
750,000
83,000
51,000
10,000,000
1,000.000
6,869.000
180.000
195.650
19.542.800
19.544,000
868,700
45,350,000
22,000.000
889,000
16,834,000
410,000
50,000
290.000
1,750,000
1,500,000
329,000
225,000
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Dec. 1 1930
A
& O Oot 1 1938
Oot 1 Oot 1 1988
4g
5
4 )4
4)4
4)4
42
5g
5
5 g
6
1899
1900
1907
1912
1908
1909
1910
1910
1,000 &c
1,000
1.000
1.000
100
100
100
100 &c
J P Morgan & Co, N Y
do
do
M & S Mch 1 1945
do
do
F & A Feb l 1948
O ffice 71 Broadway, N Y
F & A Aug 1 1945
do
do
F & A Aug 1 1945
do
do
A & O Oot 1 1946
J P Morgan & Co, N Y
J & D June 1 1943
New Y ork Trust Co. N 4
A & O Oct 1 1945
Office. 71 B ’w ay, N Y
.1 & J July 1 1930
Office. 71 B ’way, N Y
F & A Aug 1 1955
Columbia Trust Co. N Y
<
3— M M a r 5 1917, 1)4 Treasurer’ s office. Fhlla
F & A Feb 15 ’ 10, 2% Checks mailed
J & .1 Jan 16 1911,2%
do
J & J Jan 15 ’ 12. 2%
A & O Oct 1 1949
3 g
First National Bank.N Y
J & J July 1 1950
3)4 g
do
do
5
J & D June 1 1922
60 W all Street, New York
& J July 1 1932
6g
.)
do
do
4)4 g M & N T o N o v 1918
Bankers Trust Co, N Y
F & A Aug 17-Feb 19
4)4
do
do
A & O To Oot 1 1920 Penn Co for Ins,&o.Phila
6 g
0— F Feb 1 1917
6
Checks mailed
Jan 2 1917 I K
7
Q— i
do
do
F & A Feb 1 1917
7
do
do
A & O Oct 1 1930
4g
Northern T r Co, Chloago
a Guaranteed jointly and severally with Cleveland Cinoln natl C hioago & St Louis.
— Years ending Dec. 31—■ — Years ending June 30—
1916.
1914.
(Concluded)—
1916.
1915.
Interest on debt------------ $8,382,833 $8,054,095 $8,098,042 $7,934,648
1.349,497
1,330.935
Taxes..............................
1,648,959
1,461,857
(1)627,816 (4)2,511,264
Dividends................... (2%)1,255,852
.........................................
Balance, surplus........ $6,411,030 $5,092,021 $2,035,720
$460,552
O F F IC E R S .— Chairman, Frank Trumbull; Pres., George W . Stevens.
Richmond, Va.; V .-P ., Decatur Axtell; V .-P . and Gen. Counsel, II. T .
Wickham; Vice-President in charge o f traffic, F. M . Whitaker; Sec., Carl
Remington; Trcas., Jas. Steuart M a cK le; Com p.. L . F . Sullivan
D IR E C T O R S .— Frank Trumbull, Chairman; T . P . Shonts, H . E. Hun
tington, C. K. Graham, Decatur A xtell, George W . Stevens, F. H . Rawson,
F . II . Davis; Jas. II . Dooley. N . Y . office. 71 B ’way.— (V . 103, p. 1319.
1888, 2428; V. 104, p. 451. 655.)
C H E S A P E A K E & O H IO N O R T H E R N R Y .— Is building 30.4 miles of
railroad from Edgington, Kentucky, on C. & O. R y., with bridge, &c.,
across the Ohio River to a connection with the N orfolk & Western R y . Co.
at W averly, Ohio. T h e bridgo is now under construction and w ill have a
total length o f 3,435 ft. Tho Chesapeake < Ohio R y . Co. agrees to acquire
&
for cash at par $3,000,000 o f tho capital stock and such additional stock as
may bo necessary to comploto tho bridgo across the Ohio R iver and con
struct the road to W averly, tho total estimated cost o f which is $4,500 C00.
Tho $1,000,000 bonds (V . 101, p. 1884) are secured by a first and closed
mortgage upon tho entire property. Thoy are guar., p. & 1., by th eO . & O.
R y ., which seo abovo. T o ta l stock auth., $3,500,000.— (V . 101,p. 1884.)
C H E SA PE A K E & OHIO R Y . OF IN D IA N A .— Owns Cincinnati. Ohio, to
Indlana-Illinois State line, 260.7 miles; trackage rights. 23.7 m.; total oper.,
284.4 miles. See O. & O. R y . above.— (V . 99. p. 47; V. 101. p. 1885.)
C H E S A P E A K E W E S T E R N R Y .— See issue o f Feb. 1916.
C H E STE R FIE LD & LANCASTER R R .— Ovras 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 June 30 1916 $67,000
2d 6s duo Jan. 17 1918. Stock. $500,000. a m ajority being acquired in
June 1909 by the Seaboard A ir Line R y., par, $25. For year ending June
30 1916, gross, $52,729; net, $10,468; charges, $15,859. Pres., W . J. Harahan; Trcas., R . L . N u tt.— (V . 89. p. 40.)
CH ESTN UT H IL L R R .— Owns from Germantown to Chestnut Hill. Pa..
4 m.; being doubie-traoked May 1902. Re-leased In 1896 to Phila. & Read,
R y., the rental being reduced from 12% to 6% on stock, the latter being In
creased In June 1902 from $120,650 to $195,650.— (V . 75, p. 76.)
CHICAGO & A LTO N R R .— (See M a p Toledo St. Louis & Western.)—
R O A D .— Chicago to St. Louis, Kansas City, & o„ in all 998 miles.
Road owned—
M iles
Road owned—
M ile s .'
J
Chicago to East St. Louis, 111----- 280 Mexico, Mo., to Cedar City, M o„ 50
Sherman, 111., to Grove, 1 ________51 Roodhousc, 111., to Kan. 0., Mo 251
11
Barnett to Titu s------------------56
Bloomington to Wann. via Jack
sonville, Godfrey and Urnier
Coal City Line. I l l ......................... 27
Alton (all In Illinois)
PP i k «
Dwight. 111., to Washington and
Lacon. I l l ---------------------------- 81 Trackage to Peoria, 111.,'£ 3 '........ 37
lies to Murrayvllle, 1 1
1 _____________34 Leases Rutland Toluca & North I 27
Total owned and operated July 1 1916 (197 m. double tra ck ed )___IT j)5 3
Also operates, Jointly with Clov. Cln. Ch. & St. L ., from Wann to East
St. Louis, 18 m..and. with Atch. T .& S. Fe, from Joliet to Peauot 26 m
Tho stook of the Peoria R y . Terminal Co. is owned by the Chicago & Alton
and Ohio. R . I. & Pao. R y ., whloh guarantee the Qrst mtge. bonds ($1 5no 000 auth. issuo) and 1st & ref. M . bonds. V . 81, p. 1099; V. 83 n 752
1171, 1291; V. 84, p. 451; V. 85. p. 159. Ch. It. I. & Pac. receivers have
discontinued payment o f that company s share o f tho guaranty.
The Rutland Toluca & Northern R R . is leased for 999 years and its bonds
guaranteed prin. and lnt. V. 91, p. 1024: V. 93, p. 408.
O R G A N IZ A T IO N .— The (old) railway company was organWed In A pril
1900 and purchased substantially all the stook of the Chlo. & Alton Railroad.
The two were consolidated In 1906 per plan V. 82, p. 451, the Railw ay
ohanglng Its name to the O. & A .Railroad. V .82, p. 160: V . 70. p. 686. 995.
S T O C K .— The cumulative 4% participating and prior lien stook Is enti
tled, In addition to prior right to accumulative dividends at the rate of 4%
er annum, to receive additional dividends equal to the rate of dividends
colared on the common stock of the consolidated company. In Aug. 1907
the Toledo St. Louis & Western purchased from the Rock Island the con
trolling interest, viz.. $14,420,000 com. and $6,480,000 prof, stock, and
deposited the same under its collateral trust bonds,on which interest was
defaulted Aug. 1 1914. V . 88. p. 468. 529,792; V . 99,p.3 4 1 .4 0 8 ,1051.1216
Union Pac. owned on June 30 1916 $10,343,100 pie., stk. V. 84. p. 1484
V. 95 p. 361.
D IV ID E N D S .—
*0fl. •()' ’08. ••cte. •10. ’ l l . ’ 12.
Since.
Common s to c k ___________________
_ 1
None
2
4
N one
Preferred stock________________ 2
4" 4
2 None
4
4
None
Prior lieu participating p r e f ___2
4
4
2
6
6
8
None
B O N DS.— First lien (old R y .) 3 )4s of 1900, V . 71. p. 1021: V. 82, p.451
The Railroad (old) mtge. scouring the 3s of 1899 will provide funds for im
provements and extensions. Bonds in excess of $40,000,000 were to be
issuable thereunder on vote of two-thirds of stockholders for extensions of
not over 500 miles main traok, at not exceeding $20,000 per mile, to fund
leased line rental obligations and for future betterments not to exceed
$5,000,000, at not over $1,000,000 por 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,
’
O f the Issue o f $20,000,000 o f 6% Gen. M . gold bonds, $16,834,000 were
outstanding June 30 1916, $8,417,000 being owned by the Union Pacific
Railroad. O f the bonds, $4,100,000 were reserved to retire $3,766,500
equip, trust obligations and $1,425,000 to refund $1,284,000 debentures
duo June 1 1922. Bonds are rodoomablo on any intorost dav at 105
V. 94. p. 1565. 1695; V. 96. p. 749; V. 96. p. 789; V , 98. p. 838, 1315.
S
R E S U L T S .— 6 mos. J1916............... Gross. $9,609,301: net, $2,607,976
July 1 to Dec. 31.
\1915............... Gross, 8,153,310; net, 2.077,388
R E P O R T .— For year ending June 30 1916 was in V . 103. p. 1503.
„
1915-16.
1914-15.
1913-14.
Gross earnings.....................................$16,325,288 $14,245,624 $14,159,479
Operating expenses............................. 11,601,794 11,072.707
12.307.741
N e t earnings...................................$4,723,494
$3,172,917
$1,951,735
N e t income......................................._ $4,977,676 $3,270,154 $2,047,045
Hire o f equipment, rental. & c............
$828,121
$799,299
$761,179
Taxes, & c.......... ..................................
576.354
512.333
568.938
Interest on bonds, & c........ ................. 3,384,807
3,275,338
3,114.189
Dividends on guaranteed stocks........
250.024
250,024
250.024
Discounts on securities written o f f . . .
109.948
123.316
115.005
Balance, deficit........ .....................
$171,578 $1,690,156 $2,762,290
D IR E C T O R S .— Pres., W . G . Bierd; Chairman Executive Committee,
R . S. L ovett; Sec.. James Steuart M acKle* J. J. M itchell. Joy M orton.
W in. G. Beale, Samuel Insull, Roberts Walker, Louis C . Krauthoff.
Julius Kruttschnitt and V . D . Skipwoith.— (V . 103. p. 1412, 150.1.)
CHICAGO B U R L IN G T O N & Q U IN C Y R R .— (See M a p .)— R O A D .— Op
erates a great system of roads extending from Chicago 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. The
accompanying map shows clearly the system, viz. (In miles):
Lines east o f Missouri R iv er_ 4,401 I Lines leased____________________ 353
_
Lines west o f Missouri R iv er
4.6141 o ta l oper. June 30 1916______ 9,369
T
In Deo. 1908 523.657,500 of the $31,000,000 Colorado & Southern com,
stook (praotlcally a controlling Interest) was acquired, affording connec
tions with the Gulf of Mexloo. V. 87. p. 1603: V . 88, p. 157, 685.
Owns Jointly with the Nashville Chattanooga & St. Louis the Paducah &
Illinois R R . (which is building a double-track bridge over the Ohio R iver
at Metropolis, 111., and has built from Metropolis to Paducah, K y ., 14 m .)
and Jointly guarantees its bonds. See that company below.
O R G A N IZ A T IO N , &o.— A consolidation in July 1875; since merged
Chicago Burlington & Northern, Kansas City St. Joseph & Council Bluffs,
Hannibal & St. Joseph, Burlington & Missouri, &o., &o.
In 1901 $107,613,500 of the $110,839,100 stook was exchanged tor the
Joint 20-year 4% bonds of the Gt. Northern and Northern Paolflo, secured
by the deposit of the stook In trust, on the basis of $200 in bonds for $100
stock. See V. 72, p. 871; V . 73, p. 293, and bonds under Great Northern.
D IV S. 1 ’98. ’99 to Sept. ’01. ’02 to July ’07. Oot. ’07.
’08 to Dec. ’ 16
Per cent; 5)4
6 yearly.
7 yearly.
8
8 y ’ly (quar)
B O NDS.— General mortgage bonds ($300,000,000 auth. Issue, Interest not
to exceed 5 % )are a first lien on about 3,328 miles of road, and on retirement
of the outstanding underlying bonds, for which bonds are reserved as below
noted, will be a first lien on the entire mileage owned, aggregating 8.491
miles. In July 1916 the Illinois P . U. Commission approved the issuance
o f $13,696,000 4% General M ortgage bonds, $10,000,000 for construction
and $3,696,000 to refund prior bonds. V. 103. p. 493. Tho generals have
been issued or aro Issuable as follows (seo V . 86, p. 1342, 1466; V . 88. p.
504, 685; V. 92, p. 525; V. 96, p. 789.
To retire outstanding bonds (lncl. $17,428,300 In sink. fd s . ) . . $177,000,000
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 which $13,724,000 were
used to purchase $23,657,0O0 Colorado & Southern common stock. In Feb.
1911, $8,000,000. in March 1913 $5,000,000. in 1914 $5,000,000. V. 88.
p. 685; V. 92, p. 525; V. 96. p. 789: V. 98. p. 999. 1315. In July 1915
application was made to issue $15,850,000 gen. M . 4s. V. 101. p. 47.
Tho Iowa Division bonds are a first mtge. on the main line In Iowa from
Burlington to East Plattsmouth. on the Missouri River, 270 miles, and on
621 miles of branches and 86 miles o f second traok. These bonds have a
•Inking fund o f 1 )4% ($203,800) yearly, for whloh the 4s are subjeot to call
at 100 and the 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
•Ingle and $10,000 per mile for second track on not exceeding 1.600 miles.
Now a direct first lien. Abstract of deed, V. 45. p. 441: V . 85, p. 721.
Burlington A Missouri R R . in Nebraska consol, mtge. of 1878 Is now a
1st M . or 1st coll, lien, subject to call for sink. fd. at par. V . 102, p. 2341.
E A R N IN G S .— 5 m os.,(1916....... Gross, $49,341,774; net, $18,959,763
July 1 to N o v . 30.
\1915_____Gross, 43.332.160; net, 16,217,124
A N N U A L R E P O R T .— Report for 1915-16 in V . 103. p. 1682.1702. 1639.
Year ending June 30—
1915-16.
1914-15.
1913-14.
Averago miles________________________
9,369
9,339
9,140
Freight rovcnucs....................
$71,592,578 $62,509,484 $62,799,188
Passenger revenue........................
21,168.051
20.185,564 21,743.507
M a il and miscellaneous...... ............
9,598,263
8,430,013 9,144.446
Gross earnings....................................$102,358,892 $91,125,061 $93,687,141
Operating income after taxes............... $36,186,893 $26,578,028 $26,445,631
1,224,070
1,294,358
Other income....................................... 2,394,152
T o ta l income.............
$38,581,045 $27,802,098 $27,739,989
Interest, sinking fund, & c ._ ............... $10,552,454 $10,513,186 $10,625,582
Misceil. appropriations from Income. 6,000,000
______
. . .
Fund for accrued taxes not y et d u e .. 2,400,000
______
______
Betterments..................
4,431,360
3,340,669 5,715,875
Dividends on stock (8 % )....................
8.867,128
8,867,128 8,867.128
Balanco, surplus................................ $6,330,103
$5,081,115 $2,531,404
F e b .. 1917.1
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c., see notes on first pageJ
Chicago Burlington & Quincy— Stock........ ................
Gen mtge 8300.000,000 lawful m oney— Ce.zo’ A r*
Illinois Dlv first mortgageU85.000.000 currency .
(V. 83. P- 625; V. 69, p. 283)/ redeem at 105.-NBz
Sinking fund Iow a Dlv 5s (coll trust) drawn at 105 z
Sinking fund Iow a dlv. 4s drawn at 100-------- zoAr
Sinking fund 4s (So W Dlv) drawn at 100____ zo*Ar
Denver exten (coll tr) bonds s f drawn at lOO.NBzo*
Nebraska ext $20,000 p m (s f not drawn) -N B .zo* Ar
B & Mo R R In Nebl Land gr s f drawn 100— NBz
aCons M $14,000,000/
do
drawn since 1908--z
Rep Val 1st M guar (rod at par) s f $14,000 y rly .zc
C hicago < : Eastern Illin o is— Com stock $15,000,000
5
Preferred stock 6% non-cum ($15,000,000)--------Danville & Grape Creek R R — 1st M assumed___zc*
First mortgage extension______ ________ ________ xc*
Consolidated mortgage (for $5,948,000) gold.Ce.zo*
General consol and 1st M $30,000.000— Ce.zo’ Ar
Ch A Ind C oa lR y— 1st M $25,000 p m ass’d.M p.zc*
Evansville Terre Haute A Chicago Income mortgage
Receivers' certs$6,000.000, extended in 1916-------do
do
$200,000 E q Sories “ A ” ------------Refund & Imp M (text) g red at 102 K --B a .x o * Ar*
Pur money 1st Hen Coal bds $7,000,000 g .C e.x c’ A*
Evansv & T H 1st consolidated M gold-------F.xc*
Mount Vernon Branch mortgage g o ld . .— F.xo*
Sullivan Co Coal Branoh mortgage g o ld ...F .x c *
First general mtge for $7,000,000 gold— F.xo*
Refunding mortgage $1,284,000 red par........ Nx
Evansville Belt R y first mortgage gold........ ........ r
C&E I Eq bds Ser E duo $125,000 s-a ext red par.
do Series F $220,000 s-a ext ......................Bax
do Series G due $124,000 s-a e x t ..............Bax
do Series H due $166,000 or$165,000saext.x
a Payment of interest resumed as o f Oct 1 1916 un
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
$100 $110839100 8 In 1915
4
8.491 1908 1 000 Ac 65,247,000
l.OOOAc 50,451,000
11.647 J1899
3H
4
11899 1,000 Ac 33,976.000
)
1,865,000
5
891 1879
1,000
1,000
4,575,000
4
891 1879
4
1881
1,000
51,000
370 1881
100 Ac
953.160
4
1,471 1887 1,000 Ac 18,531,000
4
600 Ac
823,000 / 6
l — /1878
11878
600 Ac
J
\ 6
90 1879
600 A c
12,800
6
100
7,217,800
100 11,070,400
9 1880
97,000
1,000
6
14 1881
1,000
91,000
6
191 1884
1,000
2,736,000
6g
817 1887 1,000 Ac 21,343.000
6
176 1885
1,000
4,626,000
5
1881
1,000
150,000
6
1914 1,000 Ac
6,000,000
6
1915
200,000
5 )4
817 1905 1.000 Ac 18,019,000
4g
1912 1,000 Ac
5,167,000
5 g
144 1881
1,000
3.01)0,000
6 g
1,000
375,000
25 1883
6 g
1,000
1890
450,000
5 g
199 1892
1.000
3,175,000
5 g
,
1911
60 Ac
1,284,000
5
1910
4
1,000
142,000
5g
1005
1,000
250,000
5H g
1906
1.000
660,000
5 )4 g
1907
1,000
744,000
5 )4
1912
1.000
2,648,000
5 )4
dor or der o f Court da ted Sept. 25 1916.
D IR E C T O R S .— Halo Holden (Pres.), Geo. B. Harris, Chaster M .
Dawes, Robert J. Dunham; Frederick I f. Rawsou and Samuel C . Scotten,
Chicago, 111.; Louis W . H ill, Jules M . Ilannaford, Ralph Budd and Geo. T .
Slade, St. Paul, M inn.; Charles E. Perkins, Burlington, la .— (V . 102, p.
436, 1810, 2341; V. 103, p. 60, 320, 493, 758, 1508, 1682, 1702.)
C H IC A G O & E A S T E R N I L L IN O IS R R .— Operates road (double track)
to Danvlllo Jet., 106 m .) from Chicago, 111., to Evansville, In d ., and bitumi
nous coal fields; also to St. Louis, M o ., and Thebes to Joppa, 1 1
1.
Lines Owned in Fee—
M iles. Evansville to Terre Haute______ 109
Dolton to Danville, 111.............. 107 Branches to M t. Vernon, A c____ 50
Danvlllo, 111., to Brazil, In d ____ 61 Evansville B elt__________________
4
Momence Jet., 111., to Brazil, In d .130 O th er____________________________ 2
Danville Jet., 111., to Thebes, 111.292
Other Trackage, & c.—
Joppa Jot. to Joppa, 1 __________ 16 Pana, 111., to East St. Louis----- 85
11
Chicago to Dolton, Ch. A W . In d . 17
Clssna Jot. to Clssna Park, 111
___11
Rossvllle Jet. to Sldell Jot., 111.. 34 Otter Creek Jot. to Terre H a u te .. 4
Peroy Jot. to La Crosse, In d ____ 46 Other lines_______________________ 46
Milford Jot.. 111., to Freeland. Ind 11
T o ta l...................................... 1,136
Coal Bluff, Ind., to Casey, In d ._ 7
Woodland, 111., to Villa Grove— 62 2d track________________________335
Operated by its own Receiver from
Findley, III., to Pana_____________20
March 1 1916—
Branches to Coal Mines__________ 9
Rossvllle Jet. to Judyvllle, I n d . . 14 E v. A Ind. R R ., Evansv. to Terre
Hunt’s Extension________________
7
_________________________
Haute via Worthington, & 0..136
Also leases to other companies Rockville extension, 17 miles.
n iS T O R Y , &C .— In 1902 the St. Louis & San Francisco (now in receiv
ers’ hands) acquired the greater part o f tho stock. Th e reorganization plan
presented for that company in Fob. 1916 (V . 102, p. 896) would relinquish
all intcrast in tho Chic. & East. 111. Owns $1,000,000 stock Chic. & W . Ind.
On M a y 27 1913 receivers wore appointed, thero being a floating debt o f
about $5,000,000; W . J. Jackson o f Chicago is now receiver. On N o v . 25
1914 Francis S. Peabody o f Hinsdale, 111., Jackson IC. Dering o f Lake Villa.
111., and Jabez W ooley o f Evansville, Ind., were appointed receivers for 11
coal minos, and In March 1916 Thoo. C. Keller was mado receiver o f Chic. &
E . 111. coal properties. V . 102, p. 1059; V. 99, n. 1596, 1748. Receiver
was appointed for tho Evansvillo & Indianapolis R R . on Feb. 5 1916, and
in M ar. 1916 ho bogan operating tho road separately. V. 102, p. 2077.
Suits for foreclosure o f said company s two mortgages have been filed. V .
102, p. 608.
Receivers’ Certifcates.— See table above and V . 991 p. 47;) V. 102, p. 2253.
Defaults.— In Juno 1916, under order o f court, all interest on equipment
securities had been paid prom ptly and their principal oxtondod till 1918,
but on all other bonds tho interest duo March 31 1915 and subsequently was
In default. On Oct. 1 1916 all coupons duo and ovordue on the following
issues were paid and it was announced future interest on the same issues
would bo mot (as to coupons still In dofault see tablo at head o f page) until
otherwiso ordered by the Court:
,„
Danville & Grapo Creok 1st 6s,
Ch. & E . 111. First Consol. 6s,
E v. T . H. & Ch. Income 6s,
E v . & T . II. R R . First Consol. 6s,
Ch. & E. 111. First Extension 6s,
[Evansvillo B elt R y . First 5s.
In Feb. 1916 foreclosure suits were ponding undor "General Consol. &
1st M .,” Ref. & Im pt. M ., Chic. & Ind. Coal M . and purchase money
(coal M . o f 1912) and E v . & T . II. gen. m tge. V . 99, p. 119; V. 100, p.
228,473,981, 1167, 1436; V . 101, p. 1627; V . 102, p.* 1792.
Committee for Ref. and Im pt. and other Bonds, except Chic. & Ind. Coal.
Evansv. & Ind. and Purch. M oney 1st M . Coal Bonds, also Equipment
Obligations.— John W . Flatten (Chairman), Calvert Brower, Sec.; U. S.
M tge. & 1rust C o., depositary. M a jority o f bonds deposited Including
over 65% o f Gen. Consol. & 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.
Separate Committee fo r Gen. Consol.
1 st M . 5s.— Henry Evans (Chair
man). A . F. Halsted, Sec., 62 Cedar St., N . Y . Guaranty Trust C o.,
depositary. V. 101. p. 447. 129, 1972.
Committee fo r St. L . & S. F . Trust Certifs. fo r Com. and Pref. Stocks and
C. & A. I . Pref .S tock— A lvin W . Krech (Chairm an), Richard It. Hunter,
Sec.; Equitable Trust C o., depositary. In 1914 certifs. and stock represen
ting over J5% o f com.and 90% o f pref.stock had been deposited or was con
trolled. V . 96, P. 1628. 1700; V. 97, p. 175, 1425. See " S T O C K ” below.
Committee for Chic. A i nd. Coal 1st 5s.— James B . Mabon (Chairm an).
Charles E . Sigler, Sec.; Central Trust C o., N . Y . . depositary. V . 98. p.
1992. 0 v Soq? ^
0
boruIs deposited. V. 99, p. 195, 269, 1299, 1596;
V . 100, p. 228, V . 101, p . 845- The receiver In Jan. 1916 asked permission
to discard the Ch. & Ind. Coal R y . V. 102, p. 344.
„ P 0,1”) ! 1 6. '°£ Ecat}?'>- & In d . Bonds.— Fredk. H. Shipman (Chairman).
1 1 ,1?
,
Edwin Gibbs, See-: farm ers’ Loan & Trust C o., N . Y ., depositary. Large
majority deposited. V. 99, p. 119, 341; V . 100, p. 473.
>?T Purchase Money Coal Bonds.— George O. Van T u y l Jr.
(Chairman), James F. M cN am ara, Sec.; Metropolitan Trust C o., N . Y ..
depositary, dhe committee advanced tho amount o f tho Feb. 1915
coupons. M ore than 75% deposited. V. 100, p. 307, 641.
Committee for Evansville A r . I I . 1st Oen. 5s.— Frederick J. Lisman (Chair,
man); Secretary, Graham Adams, 30 Broad St.; Farmers’ Loan & T r . Co.
depositary. M ajority deposited. V. 100. p. 1256. 1437, 1509; V. 101.p.47'.
S T O C K .— In addition to outstanding stock, $6,408,300 common was on
Juno 30 1916 hold in trust by Equitable Trust Co. as a part of
"trust assots under agreement dated July 1 1905, for improvements, acqui
sitions or refunding, and $1,127,700 was in treasury (mostly pledged).
V . 85, p. 1001;. V. 92. p. 1374, 1435; V. 93, p. 229, 588, 1393.
Tho reorganization plan which was adopted in A pril 1916 for the St. Louis
& San Francisco R R . (seo below and V. 102, p. 897) provided that: (1) tho
St. L . & S. Fr. R R . Trust ctfs., issued for pref. and com. stock o f Chic. &
East. III. R R ., $12,153,750 and $16,944,500, respectively, should be surren
dered pursuant to tho terms thereof in exchange for the stock of tho Chic. &
East. III. R R . C o., represented by the same; (2) tho reorganization mana
gers should deliver (a) in respect o f pref. trustetfs. so surrendered for each
pref. sharo represented by tho surrendered trust ctfs., $18 in 6% prof, stock
v. t. c., and $2 50 com. stock v. t. c. o f new St. Louis-San Francisco R y .;
(5) in rospect o f com. trust ctfs. so surrenderee! at tho rate for each com.
31
RAILWAY STOCKS AND BONDS
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
0 - -M 25 Dec 26 1916 2% N Y . Boston & Chicago
N ew Y ork and Boston
M A S Mch 1 1958
do
do
J A J July 1 1949
do
do
J A J July 1 1949
do
do
A A O Oot l 1919
do
do
A A O Oct 11919
do
do
M A s Sept 1 1921
do
do
F A A Feb 1 1922
do
do
M A N May 1 1927
do
do
J A J July 1 1918
do
do
J
A J July 1 1918
N ew Y ork and Boston
J A J July 1 1919
A pr 1 1913 1 )4
N Y , Central T r (text)
N May 1 1920a
N Y . Mech & M etals Bk
1) Deo 1 1931a
N Y , Cent Trust (text)
O Oct 1 1934a
M a y 1915 coup not paid
N N ov 11937
July 1914 coup not paid
J Jan 1 1936
N Y , Farmers L & T r
N May 1 1920a
Equitable Trust Co, N Y
J July 1 1917
Farm L & T Co, N Y
J July 1 1917
July 1914 coup not paid
J July 1 1955
Feb 1915 coup not paid
Feb 1 1942
N Y , Bankers T r (text)
J A J July 1 1921a
April 1915 coup not paid
A A O Apr 1 1923
April 1915 coup not paid
A A O A pr 1 1930
April 1915 coup not paid
A A o Apr 1 1942
,T A
July 1915 coup not paid
J July 1 1941
M
N Y , Columbia T r (text)
N N o v 1 1940a
F A A Feb ’ 18-Aug '18 See text
F & A Feb '18-Feb ’ 19 See text
A
A O Apr '18-Oct ’20 See text
M
s M a r ’ 18-Sept ’25 See text
M A
J A
A A
M A
J A
M A
J &
J &
J A
share represented thereby o f $30 in 6% pref. stock v. t. c. and $4 25 com.
v . t. c.
B O N D S , E T C .— General consol, and first mtge. o f 1887 (trustee. Central
Trust Co. (issue limited to $30,000,000), see V . 64, p. 1088; V . 78, p.
1446: V . 79, p. 1331; V. 80, p. 1728; V . 84. p. 1550: V. 96. p. 284.
Seo Refund, and Im pt. gold 4s o f 1905, V. 80, p. 1424; V. 81, p. 1436;
V . 88. p. 451; V . 90, p. 558; V. 92, p. 117: V . 93, p. 588; V. 94. p. 4S7.
As to First Lien Coal bonds ($7,000,000 auth. Issue), see Committee
above and V. 94, p. 629; V. 95, p. 1039, 1122. 1393; V . 100, p. 307.
The receiver, under authority o f U. S. District Court, on June 25 1915
extended for 3 years the time o f payment o f the principal o f the respective
maturltias o f Series E, F, G and II o f C. & E. I. equip, certs., with int. at
5 h j% : also retired with his 5 } i % certificates due July 1 1917 the $200,000
equipt. trusts o f the E v. & T . H . See V . 101, p. 129, 288, 369.
E A R N IN G S .— 6 m os.J1916........... Gross, $8,775,312; net, $1,523,427
July 1 to Dec. 31.
11915_______ Gross, 8,365,599; net, 1,835,635
R E P O R T .— For 1915-16 was in V . 103, p. 1505:
1915-16.
1914-15.
1915-16.
1914-15.
$
June 30 Yrs.
$
Gross earns.. 16,698,404 14,100,772 Gross income. 4,387,149 2,584,748
N et,aft.taxes. 3,309,647 1,994,230 Int.,rents,& c. 1,463,551 2,131,947
452,801
Other income. 1,077,501
590,518 Balanco, surp. 2,923,598
O F F IC E R S .— Pres., W . J. Jackson, Chicago; V .-P ., A lvin W . Krech,
N . Y .; Sec. & Aud., H . J. Cronin, Chicago: Treas., J. P . Reeves, Chicago.
— (V . 103, p. 1210, 1412, 1505. 1792; V. 104. p. 162, 361.)
CHICAGO & E R IE R R .— (See M a p Erie R R .)— Owns from Marion, O.,
to Hammond, Ind., 249 miles, and leases trackage over Chicago & West Ind.
to Chicago, 20 miles. Erie R R . Co. owns entire $100,000 stook.
BO NDS.— The first mortgage (trustees. Central Trust Co. and Edward
Daniels) covers 249 miles of road, the oontraot with the Chicago & Western
Indiana, $1,000,000 of that company's stock and $240,000 stook of Chicago
Belt R y . See abstracts. V. 51. p. 911; V . 61. p. 750.
E A R N IN G S .— 6 mos.,/1916______ Gross, $4,286,089; net, $1,438,609
July 1 to Dec. 31.
U915.......... .Gross, 3,771,708; net. 1,364,493
For year ending June 30 1915, gross, $6,050,494; net, $1,557,656. In
1913-14, gross, $5,512,663; oper. def., $332.252.— (V . 61, p. 559.)
CHICAGO G REAT W ESTERN R R .— Forms the "Corn B e lt" route
radiating from Oelweln. Iowa, northerly to St. Paul, easterly to Chicago
and southerly and westerly to Kansas City and Omaha.
Operated under agreement.
M iles.
Lines owned (total, 757 m iles), M iles
Chicago to St. Paul______________ 400 Mason C yA Ft.Dodge,383 m.,viz.:
Oelweln, la ., to Coun’ l Bl’ ffs. 260
Oelweln to St. Joseph___________ 290
Hayfleld,Mlnn.,to Clarion.Ia. 100
Bee Creek to B e v e r ly _____________23
Sumner to W a verly_______________ 22 Branches to Lehigh, A c _______
15
Trackage—
M antorville, &c., branches________ 21
8
Leavenworth to Kansas C ity________1 Council Bluffs to So. O m aha..
Trackage (total, 78 miles) —
W is.M lnn.APao.RR.,277 miles,
St. Paul to Minneapolis__________ 11
M ankato to Red W ing, Minn.
96
Chicago Terminals________________ 10
Red W ing to Osage, l a _____ 118
Galena Jet., 111., to Dubuque, l a . 14
Winona to Simpson, Minn
54
Des Moines Terminals___________
3
Branch to Clay Banks, M inn.
3
Leavenworth to Kansas C ity_____ 26
Goodhue to Belle Chester____
6
St. Joseph, Mo., to Bee Creek___ 9
Other trackage______________________________ 5
T o ta l mileage June 1916_1,496
The entire capital stocks of the Mason City A Fort Dodge R R . Co. and
the Wisconsin Minnesota & Paclflo R R . Co. are owned and their roads oper
ated under agreement. See those companies. In 1910 acquired entire
stock of Leavenworth (Kan.) Term. R y. A Bridge Co
V. 91. p. 214, 397.
Holders o f all except $16,000 o f tho $6,232,000 Wisconsin Minnesota &
Pacific bonds accepted in exchange per $1,000 bond $500 each in C. G. W .
1st M . 4s and $500 In pref. stock. V . 97, p. 49, 523, 728, 1203, 1217;
V . 99, p. 673.
O R G A N IZ A T IO N .— Incorp. In Illinois Aug. 20 1909 as successor per plan
V . 88, p. 1497, o f railway acquired at Judicial sale. V . 89, p. 528, 592.
STO C K .— The pref. stock ($50,000,000 auth. Issue) was entitled to
non-cum. dlvs. at 4% per ann. to June 30 1914 and to cum. dlvs. thereafter
at that rate ahead of the com. stock,and also to a preference as to principal
and accrued dividends In case o f dissolution or liquidation. T h e voting
trust expired by limitation on Sept. 1 1914. V . 99, p. 406, 1450.
D IV ID E N D S .— Pref. stock. N o . 1, Dec. 1 1915. 1% “ out o f surplus
slnce July 1 1914;” M a y 1 and Oct. 2 1916, 1% . V. 102, p. 975, 1163.
B O N D S .— V. 89, p. 1482: V . 90, p. 53; V . 100, p. 555, 1078; V . 103, p.
1792.
In N o v . 1917 application was made to the Illinois P . U. Commission for
authority to issue $2,515,000 1st M . 50-year 4% bonds, which, it Is under
stood, would Increase tho amount outstanding to about $27,989,000.
but none issued to Feb. 1 1917 (V . 103, p. 1980).
E A R N IN G S .— 6 months ending Dec. 31 1916;
Gross.
Net.
Charges.
Bal., Sur.
$8,648,399
$2,684,217 51,302.053 $1,382,164
1916______________
1915_________
7,584,051
2,153,037
1,342.248
810,789
R E P O R T .— Report for year 1915-16, in V . 103, p. 1298. 1322.
Years end. June 30—
1915-16.
1914-15.
1913-14.
1912-13.
Gross earnings............... $15,067,345 $13,920,685 $14,349,738 $14,000,618
N et (after taxes)............... $3,787,049 $2,889,931 $2,927,340 $3,303,350
Other income.................
197,495
246,218
146.140
118,475
T o t a l .............
$3,984,544
Int. on C. G. W . bonds. $1,032,798
Int. on M .C .& F t.D .bd s.
480.000
Int. on W . M . & P. bds.
______
Other int., rentals, & c_ .
707,751
Dividends p a id . ........... (2)877,343
$3,136,149
$1,032,660
480,000
$3,073,480
$1,032,580
480,000
755', 295
664'930
$3,421,825
$917,500
4S0.000
232,440
546,846
$886,651
$868,194
$895,970
$1,245,039
Balance, surplus_____
Eldon
G ilbert (Pluiua J;cX,V
Strassburg
Kamloops
Sicamous
M
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Arrowhead
jtegina
An telope.
Moose Jaw
Ikanagan
Keefers
Princeton!
.
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Macleod
Hawk Lake
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.ethbridge
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Nipigon
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R A IL W A Y STOCKS A N D BONDS
Staples'
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations. &c.. see notes on first onoe\
I I
F e b ., 1917.]
Date
Bonds
P ar
Value
Amount
Outstanding
Rate
%
When
Payable
Chicago & Erie— 1st M g lnt guar till prin oatd.Ce.zo*
$1,000 $12,000,000
249 1890
5g
M
Income bonds for $ 10,000,000 5% non-oum____ Nz
a
249 1890 1,000 Ac alO.OOO.OOO
Chicago & Atlantic terminal 1st M gold___________ z
300.000
. . . 1888
J
5g
Chicago & Grand Trunk— See Grand 1'riuia West Ry
Chicago Great Western— Common stock $46,000,000
100 45.210.513
1496
Pref (princ A div> 4% cum red 550.000.000 auth.
100 43,926,602 See text
1496
First mortgage gold 575,000.000-......... G.xo^Ar"
M
1035 1909 $. £ A fr 25.383,000
4 g
Minneapolis Terminal mortgage gold assumed
z
1,000
500.000
. . . 1900
3)4 g J
Mason C ity & Fort Dodge— See that company
Chicago & Great Western— See Balt & O Chicago Ter R R
Chicago Hammond & Western— See Indiana Harbor
1911
100 Ac
562,500
Chic Hgts Term Transf— 1st M $t,000.000gred 105 sfx
6 g
J
2,500,000
J
C h ica go & III M id lan d — 1st M $3,000,000 gold___x
26 1913
5g
1907
1.000
Chicago & 11 W — Gen(new lst)M g gu red par.CC.xo*
1
820.000
6g
J
Chicago & Indiana Coal— See Chicago & Eastern 1 1
1
C h ic In d & So— See N ew Y ork Central R R .
100 10,500,000
Chicago Indianapolis & Louisville— Common S tock ..
J
___ ____
100 5.000,000 4 in 1916 J
Preferred 4% non-cumulative 55,000,000 ..............
509 1897
Refunding (now 1st) M/$4,700,000 are 6 s )...C e x
1,000 9,700,000 5 & 6 g J
509 1910
1.000 5,300.000
do $15,000,000 gold\Series O ________________ x
J
4g
60 1906
1.000 b l , 172,000
Indlanap A Loulsv 1st M closed gold gu........ G.xo*
4g
J
512 1916
500 &c 3,250,000
First & Gen M $40,000,000 gold Ser A ._ y g .c *& r*
M
5g
—
1911
1.000 2.875,000
5g
J
Monon Coal Co 1st M g lnt gu s f red 110— Ba xc*
—
1911
1,000
Equip bonds Ser A g due part semi-annually-------x
191,000
4)4 g M
___ 1911
1,000
do
do Ser B due 537,000 or 538,000 s-a.-x
375,000
A
4)4
_
_ 1913
do
do Ser C due $50,000 s-a............Ba.xc
1.000
700,000
F
4)4
Chicago Indianapolis & St Louis Short Line— See Cle veland CInoln natl Chic ago & St Lo uls
___ 1905
1,000 2,327,000
Chicago Junction R R — lst|M 52.327,000 g red 105.xo*
4g
M
___ 1909
Chicago Lake Shore & East— 1st M g gu red te x t-.x o *
1.000 9.000.000
4)4 g J
52 1910
C hic Mem & G u lf— 1st M g red 105 ...B a .x c *& r
1.000
735,000
J
5g
1911
Equip notes due $6,000 yearly------------------------- x
30,000
5
a M ostly owned by Erie R R Co
b Additional $478,000 pledged undor First & Gen. M . o f
v . o o » p*
1 * . 00, p . oo o.
u i y t 'd r u i h i i i i k J u n o o U
l U l b . fifross
$156,256; net, $29,879. In 1914-15, gross, $138,484; net, $ 13,964. P r e T '
W . B. Clark. Office, 108 South L a Salle St., Chicago.— (V . 97, p. 1356
CHICAGO IN D IA N A P O L IS & L O U IS V IL L E R Y — Operates the
••Monon Route” from Chicago. 111., via Monon, Ind., to Indianapolis, Ind
and Louisville, K y ., with branches. Total June 30 1916, 622 mfies, viz.:
Lines owned—
M iles.
Over, under contract—
Miles
Indiana State Line to Indian
Chicago to Indiana State L in e .. 20
apolis _________________________162 New Albany to Louisville............
7
New Albany to Michigan C i t y . . . 289 Connection to Indianapolis______
2
Bedford to Swltz C ity ................... 40 Swltz City to west of V ictoria____ 10
Orleans to French Lick Sp rings.. l8 Wallaco Jet. to Shirley H ill.......... 55
Clear Creek to Harrodsb’ g, In d .. 9 Miscellaneous __________________ 11
Wallace Jet. to Shirley HU) A br 64
A lease lor 999 years with Chicago A Western Indiana iof whose stonk'rm',
company owns 51,000.000) gives entrance to Chloago on a m lleagebasls8
Owns one-third Interest In K y . & Ind. Terminal R R . a tL o u te v lU e .K y '
H IS T O R Y .— Sucoessor July 1 1897 of Louisville New Albany & Chloago’
foreclosed per nlan In V. 63, p. 922. Suit settled. V. 75, p 1031
*
In Aug. 1902 the Louisville A Nashville and Southern R v aenuired
of 510,500.000 com. and 77% of 55,000,000 pref. stock, on the baslsof 578
and 590 per 5100share, respectively, in their joint 50-year 4% collateral trust
gold bonds at par. secured by the stock acquired. See descrintlon of hnn,k
under Louisville & Nashville. V. 74. p. 1()88. 1138; V 75. p 28
P
& “
D IV S . since 1902—
1 '04. '05. '06. '07. '08. '09 t o '13 '14-15 1018
On common_____ ________ % ] 2)4 3
3
3
3 3 & v ly
()
' 4M
Common dividends were resumed in 1916, 3W % boi ntr" nnbi Ti.no oo
and 1 % % in December. V. 103, p. 2155. V. io2, p. 2253
29
B O N D S .— Refunding Mortgage (closed $15,000,000), see V 90 n 1613
V . 91. p. 518, 1095; V. 92, p. 1031, 1700; V. 93/p 44- v * 9 4 ’ d ’ 1118
Car trusts outstanding Juno 30 1916, $1,378,000.
’ P‘
First & Gen. M . o f 1916 is limited to $40,000,000; $3 250 000 was sold
in M a y 1916 (V . 101. p. 1810): remainder held as follows:
Purposes for which $40,000,000 First < Gen. M . Bonds o f 1016 are Tssunhie
&
$3,250,000 now sold and $1,280,000 taken into the treasury
$4 5™ owi
Reserved— T o refund Ref. M . bonds due July 1 1947____
15’nnnnno
T o exchange for outstanding Ind. & Loulsv. R y 1st M . bonds 1 '17^’noo
T o refund 60% of equipment bonds (40% from incom o).
826 800
For acquisitions, improvements, &c., under restrictions.
is 471'enn
Upon tho retirement July 1 1916 o f all $1,650,000 Gen. M tgo’ 5-vear
5s (V . 102, p. 1718), these now bonds w ill havo tho following lien- ’
*
(1) A First Lien: (a) On the Chicago & Wabash Valley Ity ., 36 miles of
line, in tho first instance, by pledge o f all o f Its outstanding S5nn non
bonds, and, presently by .direct lion, (b) On tho Indiana S to n e R R (9 22
roNes °£ ma'/1 l'c e) by pledge o f all its $253,000 (closed) 1st M . bonds
(c) On $478,000 o f tho $1,650,000 (closed) 1st M . bonds o f Indianapolis &
Louisville R y . (owning 64.17 miles o f valuable main lino into the coal fields)
C o ]n A
H
j0A s larti? (° ntiro capital stock) o f Terminal & Wareh. Co. o f Loulsv
(2) A Direct Second Mortgage: (a) On all tho linos o f tho company (512
miles), subject only to the closed Refunding M tge. (b) On the leasehold
interests in terminal facilities in Chicago, Loulsvillo and Indianapolis and in
Kontucky & Indiana Bridge, (c) On 10,000 shares o f capital stock of
Chicago
In ^*ana R R . and 2.400 shares o f capital stock o f Belt
‘ y ' l“ ' <PJeS o'S o f ■ ,
° n all tho rolling stock and equipment, valued
only $1,378,000.21’ h qulpment trust bonds outstanding amount to
Indianapolis & Louisville guaranteed bonds
V. 82 n 508- v «3 r,
1 2 ?0 : X - J 0 & fc ,«1 i l L A te °38gUaLantaosJ “ c « n S2.875.obo Monon8 Ooai
,
8
o
fs'sue)St V ’ 93 d 44 697.1936’ redoemabl° at 110 (53,000.000 authorized
p
E A R N IN G S .— 6 m os.,jl9 16-------- Gross, $4,332,354; net, $1,369,620
July 1 to Dec. 31. (1915-------- Gross, 3,824,812; not, 1,115,989
A N N U A L R E P O R T .— In V. 103, p. 1408, showedYear end. June 30—
1915-16.
1914-15.
1913-14.
1012-13
Gross earnings......... . $7,094,734
$6,559,665 $6 944 005 $6 085 044
N ot earnings___________ 2,217,285
1.662 633
1 426 286
1 587 968
Dividends, &c., received___ 338,272
232,181
206’,543
'i f f i o i
&
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payabt■
A
N May 1 1982
Oct 11982
J July 1 1918
A
A
Oct 2 1916 1% J P M organ & Co, N Y
S Sept 1 1959
do
do
J Jan 1 1950
Bank of Montreal, N Y
A
A
A
,T Jan 1 1931
D Dec 1 1938
J July 1 1947
A n D ec 29 '16 1)4
A r> D ec 29 '16 2%
A j July 1 1947
A j July 1 1947
A ,T JaH 1 1956
& N M a y 1 1966
A I) June 1 1936
A S T o Mch 15 1921
A015 A pr '17-Oct '21
& A Aug '17-Aug '23
A
A
&
Erie Railroad, N ew York
Erie Railroad, New York
Northern Trust Co. Chic
C onACom TrASavBk, Ch
J P Morgan A Co, N Y
do
do
do
do
do
do
Guaranty Trust Co. N v
J P Morgan & Co, N Y
Bankers Trust Co, N Y
Equitable Trust Co, N K
Bankers Trust Co. N Y
S Mch 11945
Harris Forbes A Co Chlo
June 1 1969
71 Broadway. New York
J Jan 1 1940
Bankers Trust Co, N Y
T o July 1 1921
I)
1916.
C H IC A G O G R E A T W E S T E R N (Concluded)—
O F F IC E R S .— Pres., S. M . Felton: V .-P ., Joseph W . Blabon; Sec. &
Treas., J. F. Coykendall; Gen. And., Con. F. Krebs. President's office,
People’s Gas Bldg.. Adams St. and Michigan Boulevard, Chicago, 1 .
11
D IR E C T O R S .— Samuel M . Felton, John A . Spoor, A . A . Sprague 2d.
Clyde M . Carr, Chas. II. Thorne and E. A . Cudahy, Chicago; Charles
Steele, John R . M orron, N ew Y ork; E. F. Swinney, Kansas C ity; John
Washburn, Minneapolis; G. W . Wattles, Omaha; E. C. Finkblno, Des
Moines; M ilton T ootle Jr., St. Joseph.— (V . 103, p. 1298, 1301, 1322,
1792, 1980.)
C H IC A G O & IL L IN O IS M ID L A N D R Y .— Owns Auburn. 111., to
Ta ylorville, 26 miles, o f which 17 miles was opened June 1907. Stock auth..
$2,000,000; outstanding, $1,000,000 (par o f shares $100). all owned by
Commonwealth Edison Co. Bonds out, $2,500,000; see table above.
Eaulpment trusts July 30 1915, $721,509. due monthly to Feb. 1919.
Loans and bills payable outstanding, $257,656. Year ending June 30
1916. gross, $290,099; not, $88,424.
1914-15, gross, $236,050; net,
$56,278; other incomo, $106,111; lnt., taxes, &c., $191,610; bal., dcf..
$29,221.— (V. 93, p. 1599.)
C H IC A G O & IL L I N O I S W E S T E R N R R .— Projected Western A ve.,
Chicago, southwesterly to Joliet, 111., with branches, a total o f 54 miles of
which 17 miles in operation. W illow Springs to Hawthorne. V . 83. d . 401
Stock, $1,000,000; par, 8100. V . 97, p. 1114, 1356. O f the Gen. 6s of
T otal net income----- $2,555,557
33
$1,794,814 $1,632,829 $1,852,569
Interest on bonds______
Rentals, & c....................
1915-16.
$954,368
709,105
1914-15.
$935,198
619,843
1913-14.
$855,926
631,106
1912-13.
$804,071
510,137
$1,555,042 $1,487,032 $1,314,208
„ T o t a l ........ .................$1,663,474
Surplus for dividends..
$892,083
$239,773
$145,798
$538,361
Dividend on pref. (4 % ).
199,752
199,752
199,752
199,752
Dividend on com m on.. (3)4)341,129
.......... (1)4)170,568(3)4)341.136
O F F IC E R S .— Pres., H . R. Kurrle, Chicago; V .-P ., Morton F. Plant.
N . V.; V .-P ., Fred. Zimmerman, Chicago; Treas., Byron Cassell, 608 So.
Dearborn St., Chicago; Sec.. J. A . Hilton. 52 Broadway. N . Y . — (V . 102.
p. 1249,1625,1718.1810, 2253; V .I0 3. p .320,1114, 1117. 1210, 1408, 2155.)
C H IC A G O J U N C T IO N R R .— Owns 3.61 miles o f elevated track, con
necting South Side Elevated R R . with the stock yards. Leased to that
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, prin. and lnt., by Chicago Junction Rys. A Union
Stock Yards Co.; they are subject to call at 105 after 1910. Form o f
guaranty, V . 82, p. 568. For 6 months ended Dec. 31 1916, gross, $1,290,
109, against $1,133,439 in 1915; net, $192,633, against $269,547.— (V . 85.
p. 792; V . 87, p. 346.)
C H IC A G O J U N C T IO N R Y .— Owns Inner line within the Chicago
Union Stock Yards district, 11.81 m.; side and Industrial tracks, 118.58 m.
In 1907 N ew Y ork Central Interests acquired the outer belt lino, assuming
the $2,500,000 outstanding bonds. V . 85, p. 159. 792.
C H IC A G O J U N C . R Y S . & U N . S T K . Y A R D S .— See “ Industrials.”
C H IC A G O K A L A M A Z O O & S A G IN A W R Y .— See M ich. Central.
CHICAGO L A K E SHORE & EA STER N R Y .— Embrsoes 472)4 miles o f
traok. connecting the various works of the Illinois Steel Co. and Indiana
Steel Co. at Chloago. Joliet, Milwaukee and Gary with diverging trunk lines,
and also with steamship lines, stone quarries, Industrial establishments.
&c.; also reaches the coal fields o f III. and Ind., and Joliet, 111. Stock.
$9,000,000. all owned by the Illinois Steel C o., and so by the U. S. Steel
Corp., which, with Elgin Joliet & Eastern guar, the bonds, prin. and int..
by endorsement. The last named leases the road for 60 years from June 1
1909, rental covering all charges and divs. on stock, dependent on earnings.
See V. 90, p. 108. Divs. paid In 1910, 5% ; in 1911, 5% and 2% extra; In
fiscal year 1912-13, 10%; 1913-14, 7% ; 1914-15, 15%; 1915-16, 10%.
Bonds are redeemable In whole or in part from Deo. 1 1919 at 110 and lnt.;
they £re limited to $20,000,000 and further Issues ol 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.)
C H IC A G O M E M P H IS & G U L F R R .— Owns Dyersburg, Tenn., to
Hickman, K y ., 52 miles.
Stock, common, $520,000; 6% cum. pref.,
$150,000, all acquired In Feb. 1913 by Illinois Central R R . V . 96. p. 716.
A dividend o f 8% was paid from the earnings o f 1910-11 and credited
towards pavment o f pref. stock. D ivs. on pref., 1)4% Oct. 1 1911;
1912, 6% (Q .-J.); 1913, Jan., 1)4 % . None since to Fob. 15 1917.
Bonds ($10,000,000 auth.) outstanding June 30 1916. $735,000; reserved
lor terminals, Ao., $1,750,000, and remaining $7,515,000 at not to exceed
85% of cost of new construction, nor over $20,000 per mile main line. V. 90,
p. 108, 302; V.91, p. 153. For year ending June 30 1916, gross, $195,135
net, arter taxes. $47,924: non-oper. income, $902: interest on funded debt.
$38,550; other charges. $3,206 bal.. sur.. $7.070.— (V . 96, p. 419.)
C H IC A G O M IL W A U K E E & G A R Y R Y .— See page 205.
C H IC A G O M IL W . & P U O E T S O U N D R Y — See Ohic. M . & St. P . R y .
C H IC A G O M IL W A U K E E & S T . P A U L R Y .— (See M a p .)— Operates
from Chicago westerly to Seattle and Tacoma, Wash., with numerous brs.:
Road—
Miles.\ Road—
M ile s :
Lines owned June 30 1916 (of
Seoond and third tra ck s..
l 068
whloh 110 m. owned 1olntly).9.857|Traokage (tnoludlng 2d tracksL.429
In 1916 built from Great Falls to Agawam , M o n t., 66% miles, and in
Jan. 1917 was building Grass Range to W innett, 23)4 miles, and B ig Blackfo ot June, to Clearwater, 22)4 miles.
H IS T O R Y , Ao.— Org. May 5 1863 and on Feb .11 1874 took present name
Chicago Milwaukee A Puget Sound R y. (see m ap), forming Pacific
extension, was acquired In fee Jan. 1 1913, its bonded debt being assumed
and the stock ($100,000,000) held alive merely as a muniment o f title. V
96, p. 62; V . 95. p. 1683: V. 97. p. 819.
V
Seattle Port Angeles A W est., 86 miles, was opened in 1915. V . 100 d .
1751; V. 101, p. 938, 1552.
*
In 1912 acquired Bellingham B ay A British Col. (now Bell. & N or. R y .)
Bollingham, Wash., to Glacier, B. C ., 44 miles, with branches, 11 miles
V. 94, p. 767. Also owns all stock o f Tacom a Eastern R R ., Tacoma
to M orton, with branches, 93 m. V . 91, p. 651. These are operated inde
pendently.
C A P IT A L STO CK .— The pref. stock has a prior right over 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. A fter 7% on com., both share pro rata.
D IV S.
1 '95. ’96. ’97-’00. ’01. ’02-’ l l . ’ 12-T4. T5 -T6 . '17.
On c o m m o n .......... % } 2
4 5 y ’ly
6 7 y 'ly 5 y ’ly 4)4 5
2)4
B O N D S .— The 99-year General and Refunding M ortgage o f 1913 Is an
open mortgage 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 In teres t not in excess o f 6 % ) reaches $696,000,000, further issues
must be limited to 75% o f the cost o f property placed under the mortgage.
The mortgage Is secured by a direct lien on all the properties, including
about 9,741 miles directly owned. 110 miles Jointly owned, terminal proper
ties In Chicago, Milwaukee, Seattle, Tacoma. Spokane & other cities and
tho entire equipment, subject to $179,673,000 prior liens ($18,331 p. m .).
to .retire which an equal amount o f bonds is reserved, $132,007,200 being
also reserved to retire debentures and convertible bonds, which are equally
secured thereunder. None o f the prior liens may be extended and no further
00
M AP OF THE
CHICAGO & NORTHWESTERN
RAILW AY SYSTEM.
S3
>
hH
§
1
5
O
o
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F e b ., 1917.]
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
IFor abbreviations. A c ., see notes on first page. J
C hicago Milwaukee & St Paul— Com stock (see t e x t ).
Preferred stock 7% yearly not cum $116,304,900._
Lacrosse & Daven DIv 1st M (free o f State taxes) F.c*
Wise Val Dlv 1st M sink fund not d raw n .N il.zc*
Dub Dlv 1st M sinking fund not drawn NB.zo*
Ohio A Pao Western Dlv 1st M (see text) gold.F .zo*
Chicago & Lake Superior Dlv 1st M gold_._F .zo*
Fz
Wlso & Minn Dlv 1st M g ___________ .
Fargo & Southern first mtge gold assumed
z
Chicago & Missouri River Dlv first mortgage. F.zo*
Gen M (for *150,000,000) gold Series A_U.s.xo*Ar
do
4°
Series A registered_____ x
do
do
Series B ........ ............. xo*
do
do
Series B registered........ x
<?°
do
Series C gold_______ xc*
do
do
Series C registered_____ x
Mllw & Nor 1st M Schwartz to Gr Bay ext 1913.xo*
Consol mtge extended 1913 (V 96. p 1364 )..zc*
xDob $50,000,000 g ______ (A ll secured f..F .x c *& r*
Deb 250.000,000 fra n c .s .. ( by the Gen. |____ IJsm.x
xGold ($)bds.call at par all |
and
|_..U Sm xc*
Ref. M tge. |. U s.xc*Ar*
Convert debs text g .......... 1
Ch Mil & Puget Sound 1st \f (text) ass.-U sxc* <fcr*
General and Refunding M , Series A ______ Q c*A r*
do
do
Ser A (V 104. p. 451)_______ c*A r*
do
do
convert series 1 (see tex t;___c*A r*
3
C h ica g o & N W — Com stock *177.539.880 a u th ...T r
Preferred stook (not cumulative) see te x t------ — Tr
Northw Union 1st M g Mllw to Fond-du-Lao F.zo*
Mllw Lake Shore & W cons M (now 1st) gold .Ce.zo*
Michigan Dlv 1st M (for *3.000,000) gold . Ce.zo*
Ashland Division first mortgage gold ........ Ce.zo*
Ext & Im p M for *5,000,000 g s f not drawn Ce.zo*
Marsh Ext 1st M *600.000 (*15,000 p m) .U n.zo*
Sink fund bds o f '79 ($15,000 p m) red 105-F.vcAr
Sinking fund debentures 1933-------------- L'n .zc*Ar
30-voar debentures----------------------------- U ».z c * A r
Ext 4s $20,000,000 ($20,000 p m )-------- Un.zc&r
35
Miles
R o 'd
Date
Bonds
18<]
161
347
1.117
179
196
117
78
6,512
6,512
6,512
6,512
6,512
6,512
126
421
9,857
9,857
9,857
9,857
2,008
9,857
9,857
9,857
7,946
7,946
140
413
82
40
693
40
1.041
___
$100 117.406.000 5% 1916 M A S M ar 1 ’ 16, 244 N Y Office 42 Broadway
M A S M ar 1 '16, 3 4
7
10C 115.845,800
4
2,496,000
1879
5
1.00c
J A J July 1 1919
.r A J July 1 1920
1.00c
1.486,000
6
1880
1880
1.00c
4.494,000
6
J A J July 1 1920
do
1.00c 25,334.000
5g
J A
J Jan 1 1921
1881
1,000
1.360.000
J A J July 1 1921
1881
5g
4.755.000
1,000
J
A J July 1 1921
1881
5g
do
do
1.000
.1 A J Jan 1 1924
1883
1.248.000
6g
do
1.000
1886
3.083,000
5
J A ,T July 1 1926
1,000
1889
48.241.000 / 4 g
J A J May 1 1989
do
do
1.000
1889
1 4g
May 1 1989
Q— .
1889
1,000
8.950,000 / 3 4 g J
A J May 1 1989
4
do
do
1.000
1889
3 -J
May 1 1989
\ 344 g
do
1889
1.000 142,597.000 I
J M a y 1 1989
444 g J A
1.000 J
1889
•
M ay 1 1989
1 444 g
Q—
do
1913
1,000
2.117,000
44
4 J
A D June 1 1934
1913
1.000
5,072,000
A D June 1 1934
444 J
1909 1.000 Ao 33.286,000
J July 1 1934
3 A
4g
1910 500 fr Ac 13,490.000 1 4
J A D June 1 1925
1916 1,000 &c 34,686 000 1 4 g
J A D June 1 1925
1912
100 Ac 50,000,000
A D June 1 1932
44 g 3
4
1909
100 Ac 26.175.000
4
J
j Jan 1 1949
1914
100 A c b 18.089.000
4 4 g A A ( ) Jan 1 2014
4
do
1914
1,000 25,000,000
A A O Jan 1 2014
444
1915
100 Ac 29.141.300
F A A Jan l 2014
rin
5g
____
100 See text 7 in 1916 O— J A pr 2 1917 1H Co’ s office 111 B ’ w av.N Y
100 22.395.120 8 in 1916 Q— J Apr 2 1917 2%
1872
500 Ao d.3,500.000
VI A s June 1 1917
7g
1881
1.000
5.000.000
M A N May 1 1921
6g
do
1884
1,090
1.281,000
J
J July 1 1924
6g
do
do
1885
1,000
S Mob 11925
1.000.000
M
6g
1889
1,000
4.059.000
F A A Feb 1 1929
5g
1892
1,000
400.000
A A O Oct 1 1922
5
1879 1,000 Ac 10.794,000
5 A 6 A A O Oot 1 1929
do
1883 1,000 Ac
9.371,000
M A N May 1 1933
5
do
1891 1.000 Ac 10,000.000
5
A 15 A O Apr 15 1921
1886 1,000 Ac 18,632,000
do
4
F 15 A A Aug 15 1926
do
...
b Also In treas'June 30 ’ 16. $123,893,800: d tok. see
x Secured by pledge o f French loan debentures, whlc h in til rn are
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest ant
Dividends are Payaolt
secured by the Gen . & Ref. M tge.
amounts Issued except gen. M . for refunding purposes, so that eventu
ally the Gen. aud Ref. bonds will become an absolute first Hon. Further
bonds may be Issued for Improvements, betterments, acquisitions, construc
tion, equipment. Ac. Of the bonds, $154,489,500 have been issued In ex
change for Chic. M llw . A Puget Sound 1st 4s (leaving only $26,175,000 of
the latter outstanding). On June 30 1916 the treasury hold available
$132,259,200 o f tho now bonds issued for said exchange and against
impts., &c. A block o f $25,000,000 was sold In Jan. 1917. V. 104, p. 451:
V . 100, p. 307; V. 97. p. 1662,1583; V. 98, p. 73, 303,386, 1244, 1315, 1766
V . 99, p. 1450.
In Jan. 1916 $29,089,700 Gen. A Ref. M . bonds, having been underwrit
ten, were offered to stockholders at par. This block o f bonds Is converti
ble into common stock at par for 10 years beginning Fob. 1916. V. 100.
p. 139, 228, 307, 811. 900, 981; V. 101, p. 287.
A bstracts older mortgages, V. 45, p. 114, 144, 212: V. 48, p. 830.
The Central mortgage o f 1889 (see a bstract in V. 48. p. 830: V. 96, p. 1088,
1156: V. 97, p. 175, 520; V. 98, p. 386: covers the ontiro railway property
and franchises o f the company (therein described), subject in July 1916 to
$49,453,000 prior liens which are paid as they mature. V. 89. n 1270
1541. 1596, 1667: V. 103, p. 1114.
’ P
Th e $28,000,000 4% 25-year debs, o f 1909 are secured by new Gen and
Ref. mtge. V . 88. p. 1559: V. 89. p. 1223. 1346.
In M a y 1910 sold to a group o f French banks 250,000,000 francs 15-vear
4% debentures, equally sec. by General and Ret. M tge. V. 90 n 1424
1489, 1554; V . 91. p. 38. 1710: V. 98, p. 303. Dollar bonds were issued in
1915-16 to replace 4% 15-yoar Jronch loan bonds when and as surrendered
by owners. Those bonds are secured by an equal face value o f the French
bonds (which in turn are secured by Gen. & Ref. M . o f 1914 equally with
othor bonds), on the basis that 500 francs equal $96.3533. In June 1916
about $30,000,000 o f the French bonds had given place to these dollar bonds.
V . 102, p. 344; V. 101, p. 2143: V. 102, p. 1625.
The $50,000,000 4 44 % debentures o f 1912 are convertible at par into
common stock after Juno 1 1917 and prior to June 1922, at the option o f the
holders, within 10 days after any dividend shall become payable on the
common stock and redeemable at 105 and Int. after Juno 1 1922 on 90 davs'
notice. They are secured by new Gen. and Ref. mtge. V 94 n 1056
1118,1565; V . 95. p. 744. 1472; V. 96. P- 284, 7 8 9 ? T 97. p 364P; V . 98!
p. tjuo •
O f tho Chicago Milwaukee <c Puget Sound R y . 1st 4s assumed on nnrS
chaso o f road, $181,664,500 wore sold and $154,489,500 were exchanged
for O. M . & St. P. den. A Ref. bonds and deposited under t h lt m o r to ^ h
V . 92, p. 593, 659, 725, 1374; V. 93, p. 1386. 488; V. 94. p . 767 118 $ \ P § f i '
p. 1692. Bonds cover road, terminals and equipment, and run to maturltv
Th e Puget Sound A Wlllapa Harbor Ry. 5% 5 -y e a r'tr^ t gold
are secured by the entire stock o f that company under an airrenmcnf. nmvlding that the St. Paul shall purchase the stock at par on June 1 1918
unless the certificates are sooner redeemed. V. 9fi, p. 17QQ 1^39
Fundod debt in hands o f public Jan. 1915, $37,482 per m.-’ v 100 n 307
Tho electrification o f 440 miles o f tho Pugot Sound main lino contracted
for In Jan. 1913, is to be completed in Fob. 1917. and having proved vo?v
successful, w ill bo continued over tho Cascade M tns
V 104 n 451
Seo V. 96, p. 135; V. 97, p. 1821; V. 101, p. 845, 1369. 1972- V 102 n 43fiV . 103, p. 1687. Montana Power Co. in V. 96, p. 1017. ’
U ’ P ‘ 4Jb’
%
M inn., with the great wheat belts o f D akota, Nebraska, A c., and with th
mining regions o f Michigan and the Black Hills, 8,108 miles July 1 1916,viz.
Road owned in fee—
M iles.
M iles
Main lines. A c ___________
7,946 James R lv A N or West (leased)
39
Entire stock owned—
Iow a Southern_________________
12
W olf River V alley______ _______
2 Sundry trackage_______________
77
De Pue Ladd A East, (lea sed)..
3 [Second t r a c k _________________ 910
Belle Fohrche Valley (leased) - _
24 Also has large Interest In Ohio.
Macoupin County E xtension..
4
St. Paul Minn A O m aha___ 1,7153
Through passenger service between Chicago and Pacific coast Is main
tained via Union Pacific. V. 93. p. 1667; V. 94. p. 697.
H IS T O R Y . Ao.— A Vanderbilt line (V . 75. p. 1086) organized in 1859.
C A P IT A L S T O C K .— Of the com. stock. *2.338.502. and of the pref. *3..
835 additional to amounts shown as outstanding in table above were in
treasury in July 1916. 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 o f tho $130,117,029 common and $22,395,120 pref. stock o f
record M arch 1 1917 were given the right to subscribe at par on or before
A pril 7, with payment in full on or before that date, for an additional 10%
o f common stock, in all about $15,250,950, increasing the outstanding com
mon to $145,367,079. V . 104. p. 451.
In July 1916 U. P. system (Oregon snort Line) owned *4.018.700 stock,
and Ch. A N . W . owned $3,910,576 Union Pacific pref. stock
D IV ID E N D S —
1 ’86-’93. ’94. *95. ’96-’99. '00. 1901. 1902-Apr ’ 17.
lommon ................. i 6 y ’ ly
3
4 5 y’ly
6
6
7 yearly
“ re fe r r e d ___________ J------------------ 7 yearly------------ ----— 8 y ’ly—
BONDS.— General Mortgage.— See Abstract in V . 65. p. 1175. Tho
tuthorlzed Issue Is *165.000.000 (U . S. Trust Co., trustee); *131.645,000
were reserved to retire underlying bonds (of which *62,842,000 had been
retired to June 30 ’ 16), and remainder for additions and Improvements.
*4.000,000 at once and *1,000,000 a year thereafter. V. 65. p. 1070: V . 65.
p. 69, 111, 571; V. 75. p . 980; V. 88. p. 280. 563. In Oct. 1916 there were
$30,817,000 gen. 34*s. $30,554,000 4s and $17,972,000 5s outstanding; there
was held in tho sinking funds $499,000, and there was owned by the com
pany or due from the trustee $1,010,000 bonds. Outstanding generals are
free from all taxes except $8.054.000 4s, sold in M a y 1914; $10,000,000 5s
93. p. 1667: V . 98. p. 1459. 1536.' 16081'fi)93:'V .’ 99. p.’ f W
V .1 00 . pi
1078; V . 102, p. 608: V. 103. p. 493. Tho $4,018,000 Winona & St. Peter
R R . 1st m tge. bonds were paid o ff on Dec. 1. V . 103, p. 2078.
The sinking fund bonds of 1879 are secured by deposit in trust of *12,860 000 of 1st M. bonds at *15,000 per mile on subsidiary lines, the most Im
portant being described la “ Supplement” of May 1894
O f the sinking fund
bonds of 1879, *5,148,000 are 6s: the sinking fund Is at least 1% o f out
standing bonds, which are subject to call at 105, and through its operation
those outstanding have been reduced from *15.000.000 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 A Mo. Valley lsts and
$2,560,000 W yom ing Central lsts (consolidated with F. E. A M. V .) Ao
The Fremont Elkhorn A Missouri Valiev consols have a nrst lien on 1,241
E A R N IN G S .— 6 mos., (1916........ Gross, $59,365,951- net, «1Q i on 7 no
miles (Fremont, N eb ., to Deadwood, S. D ., and branches to Hastings
July 1 to Dec. 31.
(l9 1 5 ........ Gross,’ 54:402:746;’ Sot,’ $19.016,381
Albion, &c.); but besides the amount o f issuo given as outstanding in the
A N N U A L R E P O R T .— Fiscal year ends June 30
Annual meeting i« table, $10,675,000 (along with $2,560,000 W yom ing Central firsts, a F . E.
held in Sept. Report for 1915-16 in V. 103, p. 1114, edit p i 076
& M . V. issue) are held as part collateral for Chicago & N orth Western
extension bonds o f 1886.
1915-16.
1914-15.
1013-14
Average miles operated_____________
10,130
10 130
0 684
Milwaukee Sparta & Northwestern Ry. 1st M . bonds (assumed In April
Passenger earnings..........................
8 > «’ ® , 8 9 3
$17,952,428$18,961,225
1912), road merged In O. & N . W . V. 94. p. 416, 1056. 1185. In Jan.
F reg h t earnings.......... ...................... 63,953,799 65.315,755
1913 sold $2,500,000 Des Plaines Valley R y . (assumed March 1913) and
M a ll, express, A c., earnings----------- 10,686.494
9,529,147
9,340,720
$1,120,000 8t. Paul Eastern Grand Trunk R y . guar. 444s, and in Oct. 1913
$16,066,000 St. L . Peoria A N
R
5s (assumed). V . 96,
Total earnings___________________ $105,646,484 91,435,374 $93,613,700 789: V. 97. p. 1203; V . 98. p. . W . V .y. guar. 829; V . 100, p. 1671. p. 201.
999;
99, p.
Maintenance or w ay_________________ $11,563,769 10.377,185 $10,722,100
Maintenance o f cars and engines_____ 16,518,476 13,737,535 13.625.096
E A R N IN G S .— For year ending Dec. 31 1916 (V . 104, p. 663):
Transportation and traffic__________ 39,627,598 37,454,762 38,648,555
Year—
Gross.
Total Net.
Charges.
Dividends. Surplus•
T a x e s _______________________________
5,264,331
4.746,721
4,106.558 1016............$97,978,844 $30,800,663 $10,631,313 $10,899,615 $9,269,735
Miscellaneous_______________________
1,411,114
402.119
Cr.95.450 1915........ . 83,754,447 25,096.482 10,602,391 10,899,615 3,594,477
REPO
Total expenses.................................. $74,385,289
$66,618,422$66,996,859R T .— Fiscal year now ends Dec. 31. For 1916 earnings, see V .
104,(^663. Report for 1915-16 at length in V . 103, p. 1113,1124; editorial,
N e t earnings....................
$31,261,195 $24,716,952 $26 616 841
Total not inc., incl.“ misc.” (b e lo w ).. 34,620,640 00 € °
,°
28,366,665 30,091,942
Deduct— Bond Interest..............
15,604,262 14,636,298 13.254.823
’ Operating Revenues—
1915-16.
1914-15.
1913-14.
Hire o f equipment_______
*
908,132
Average miles operated...... .........
8,108
8,108
8.071
173,809
Rents paid......................1,039.907
Freight revenue...... ..........
$60,353,399 $51,923,861 $53,989,475
871,503
765,363
M iscellaneous____________________
350gg3
Passenger revenue........ ...........
21,445,004
20.528.443 21,540.543
„ 716.772
595,470
Preferred dividends (7 % )_I IIIZ IZ Z 8,109:206
8,327,371 9,029,317
8,109,206
8,109,206 M ail, expross, & c................................ 9,515,463
Common dividends----------" ( 6 % )5.870,’300(4^ )5258254 (5)5:842.505
T o ta l operating revenues__________ 191,313,866 $80,779,675 $84,559,335
T otal net income____________________ *27,660,182 $22,683,904 $23,245,927
Rents— debits_______________________
$941,169 $1,066,043 $1,586,064
Interest on bonds, &c______________
9,312,124
9,595,616
-----------9,239.008
Sinking funds and other payments_
_
340.949
312,250
315,186
other, $oi4,/4o.
Dividends on common stock (7 % ). .
9,108,015
9.108.015
9.108,015
Dividends on preferred stock (8 % ) . .
1.791,600
1,791.600
1,791,600
Directors.— H . R . Williams, N ew York; Samuel M cRoberts, William ;
Rockefeller, Donald G. Geddes, John A . Stewart- Pcrcv A Rockefeller
Walter P. Bliss, E. S. Harkness, John D. Ryan N ew York- J Ogden
Armour, Stanley Field and A . J. harllng o f Chicago and L. J. Petit o f M il
waukee. N . Y . offico, 42 B ’way.— (V . 103. p. 1687; V. 104, p. 361? 451 )
CHICAGO & NORTH WBSTfcRN R Y .— (See M a p .)— Operates an Im
portant system of roads uniting Chicago, 111., with Omaha. Neb.: St. Paul
Balance, surplus.......... ................. $6,166,325
$810,380 $1,206,055
O F F IC E R S .— Marvin Hughitt, Chairman; Pres., R . IT. ALshton, Chi
cago; V.-Ps., S. A . Lyndo, II. R . McCullough. M arvin Hughitt Jr. and
E. M . Ilyzor (V .-P . & Gen. Counsel); Sec., J. D. Caldwell, Chicago; Treas..
A. S. Pierce, 111 Broadway, N ew Y ork.
Directors.— Marvin Hughitt (Chairman), Chicago: W . K . Vanderbilt,
F. W . Vanderbilt, Harold S. Vanderbilt, Chauncey M . Depew.James
Stillman, W . K . Vanderbilt Jr., N . Y .; Cyrus II. McCormick, Chauncey
Keep, John V. Farwell, R. H. Aishton, E. M . Ily ze r, Chicago; H . O.
Frick, Pittsburgh. Pa.; David P. Kimball. Oliver Ames, Boston; Zenas
Crane, Dalton, Mass.; Homer A . M iller, Des Moines.— (V . 104, p. 663.)
36
[V o l . 104
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
iFor abbreviations, A c., see notes on first page)
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
Dividends are Payable
C h ica g o & N o rth W e stern (Con!—
do
do
3 h e M & N N ov 11987
1897 1000 &o\ m$31316000
Gen gold bond M S165.000.000.............. Us.xc*ftr
do
do
3— F N ov 11987
3H g <
1897 1000 &of
do
do
do
registered.-x
do
do
M & N N ov 11987
4
1897 l.OOO&ol 30.554.000
do
do
do
x and y o*
do
do
<
3— F N ov 1 1987
4
1897 1.000&OJ
do
do
do x and y registered.,
do
do
M & N N o v 1 1987
5g
1897 1.000 See 17.972.000
do
do
do
yc*ftr
do
do
Jan 1 1941
2.500.000
3)4 g 3 ft J
1906 1.000 &o
Mllw & State line 1st M g gu (V 88. p 230).F.xo’ * r
Farmers L A T r O o . N Y
J & J July ’ 17-1922
1.800.000
1912 1.000 &c
4H
O & N W equip tr 1912. Ser A . $300,000 y ly F .zc*r
do
do
A ft O Oct ’ 17-1922
1.800,000
1912 1.000 &c
do
do ser. B $300,000 y r ly .......................z
do
do
J Sc J July ’ 17-’23
1913 1.000 Sec 2,800,000
do
do ser. O $400,000 yrly seo tex t.F .zc*
Branch Lin e Bonds Assumed
Co’s off ce. 111 Broadway
Deo 1 1923
1.440.000
3 H e J ft D
90 1898 l.OOO&e
Boyer Valley R y 1st M g $16,000 per mlleF.zo*&r
do
do
ft D June 1 1924
1.904.000
3)4 g J
119 1899 1.000 & c
Minn & la R y 1st M gold $16,000 per m lle.F .zo '& r
do
do
P416.000
1,000
3)4 g A ft O Oot 1 1929
26 1899
Mankato & New Ulm 1st M gold $416.000.F.zo’ &r
do
do
3)4 g J & J Jan 1 1926
105 1901 1.000 &c 02.100.000
Prlnoeton & Northw 1st M $2,100,000 gold.F.zo& r
do
do
2.125.000
3)4 g M ft s Moh 1 1928
85 1901 1.000 &o
Peoria & Northwest 1st M $2,125,000 gold.F.zo& r
do
do
F ft A Aug 1 1936
000 3)4 g
125 1901 1.000 &c 04.000.
Sioux City & Pacific 1st M gold $4.000,000.F.zo&r
do
do
ft J Jan 1 1935
528.000
1.000
3)4 g J
33 1900
Minn & So Dak 1st M gold $528.000-------------F.zo*
do
do
3.900.000
3 ) 4 g J ft J Jan 1 1935
195 1900 1.000 &o
Iow a Minnesota & Northwestern 1st M g _.F .cz*& r
do
do
M ft S Moh 1 1947
1,000 u 15 000,000
179 1912
Mil Sparta & N W 1st M g $15,000,000 guFxo*&r*
do
do
M ft s M cb 1 1947
2.500.000
4&
1912 1.000 &C
Des Plaines Valley R y 1st M $2,500,000.F.xc’ & r*
do
do
J ft J Jan 1 1941
3.750.000
114 1906 1.000 &o
Manlt Gr B a y & N W 1st M g gu (V88. p230)F.zo*&r
do
do
J ft
J Jan 1 1947
1.120.000
50 1913 1.000 &c
St Paul East Gr T r k 1st M g gu -------- xc*ftr*
do
do
J ft J July 1 1948
115 1913 1.000 &c rl0.001.000
St L P Sc N W M g guar (V 97, p 1203) ..F .y c * r *
do
do
A ft o Oot 1 1933
7.725.000
1,000
Frem E lk ftM V c o n s M $25,000 per mile assumed z 1.170 1883
!
ft
8 M ch 1 1930
2.000,000
4) 4 8 M
235 1900
1.000
Chic Peo & St L R P — Prlorllen M g call at 107)* Eq.xc*
.
J ft D 30 years
2.850.000
Gen and Refunding M $15,000,000 gold red t e x t . . !
M ft N T o N o v 1 1923
6
413.000
1913 " " T ,6 6 6
Equipment notes Series A due $59,000 yearly----Merch N a t Bank, Bost
A ft O Oot 1 1925
765.000
5g
1,000
lu ll
Chic Riv ft Jnd— 1st M gold guar p ft t . .
. MC.xc
C h ic R I & Pa c R R — To be Retired under Plan—
Dec 31 ’ 13 U i First. Nat. Bank. N ▼
Quar
100 74.359,723
Stock ($75.000.000)-------- ---------------------------- N Y office, 14 W all St
Apr 30 1917
5.488.000
5
1916 1.000 &c
Receivers’ certif Sorias A callable 100 & 101 — Z.c
do
do
M ft s M ar 16 '17____
6
1.100.000
1915 1.000 &c
Receivers’ certificates Series B extended in 1916 —
Jan. 1916 not paid
J ft J 15 Jan 16 1932
000
1912 1,000&o 2 0 . 000.
Debentures gold redeem 105-------- -----Ba.xo’ &r*
Feb 16 1917
7.500.000
1914
Two-year coll notes red 102 (extended)----------- Ba
N ew Y ork
1916-1917
4.100.000 4% & 5%
Collateral (bankers) loans---------------------------New Securities— see next page _
__________
$4,101,000
In addition, sinking fund July 1915 held: d $135,000. e also on han d *64.00 0: *$230,00 0: h $970 .000 : ni $499,000 (also u$122,000 on hand;
n $160,000: o $74,000: p a ll in s. f.; r $116,000: s $38,00 O in s .f .; *ln cl$ l 6,199,000 in treas.orp lodged as coll.J’ ne 30 ’ 15
H
in
§e
CHICAGO PE O R IA ft ST. LO U IS R R .— R O A D .— Owns from Pekin to
Granite City, 111., 179 miles; Granite City to Madison, 2 miles; Madison to
Bridge Jet., 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.; trackage, 20 m.; total, 255 miles.
Successor, per plan V. 89, p. 285. 1541, o f raiheav foreclosed N o v . 18
1912 .V. 96, p .13 5. On July 31 1914 Pres. Bluford Wilson o f Springfield.
111., and W illiam Oottor o f St. Louis were appointed receivers.
V . 99,
p. 342. Stock. $4,000,000.
„
„ T „ _ .
Committee for P rior Lien 4)4 *.— Sidney O. Borg (Chairm an). J. N . B ab
cock. 37 W all St., Sec.; E q. T r . C o.. N . Y .. depositary. V.99,p.673. 1527
Committee for Gen. A Ref. M . 4)4*.— Frederick J. Usman (Chairm an),
and Alfred Shepherd; Graham Adams, 30 Broad St.. Seer,; Bankers Trust
Go., N . Y . . depositary. M a jority deposited. V. 99. p. 1213, 1450. 1672.
B O N D S .— O f tho Gen. & Ref. M . bonds ($15,000,000 auth.), outstand
ing $2,850,000, $2,000,000 reserved to refund prior lien mtge. bonds,
$150,000 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. Th e coupons due June 1914 were defaulted. V . 99, p. 118;
also Sept. 1914 coupons on Prior Lien 4 )4s.
.
Notes to Car Trust Realization Co. for $140,132. payable on Installments
out o f surplus earnings. Equipment notes o f 1913, see V. 102, p. 1625.
E A R N IN G S .— 6 m os.,(1916____________ Gross, $944,220; net, $127,071
July 1 to Dec. 31.
\1915____________ Gross, 886.559; net, 142,310
R E P O R T .— For fiscal year ending June 30, in V. 103, p. 1788.
Gross. Net,aft.Tax. Otli.Inc. In i.,A c .
Balance.
1915-16________ $1,752,800 $260,006 $11,653 $166,472 sur.$105,187
1914-15_________ 1,597.909 119,732
7.201 215.221
def. 88,288
Pres., Bluford Wilson. Springfield, 111.; See. & Aud.. H . W . Berger,
Springfield, 111.; Treas., F. J. Wilson.— (V . 103, p. 1687, 1788.)
C H IC A G O R IV E R & IN D IA N A R R — Owns 13.11 milesi o f terminat
road; Atch. Top. ft S. F. trackage, 9.11 m.; P. C. C. & St. L . R y . trackage,
7.43 m.; Ind. II. 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. (seo Miscellaneous Cornnantes) guarantees the bonds, prln. and int., by endorsement. V. 101, p.
773. Dividends 1913. 8% : 1915 and 1916, 6% . O f the 1st 5s ($2,000,000
auth. Issue). $765,000 have been sold (V . 101, p. 773). T ^ y are red. at
105, beginning Oct. 1916. Additional bonds m ay be Issued for 66 2-3%
o f the cost o f additional properties and franchises, but only when annual
earnings are twice the interest charges, including bonds then to be issued.
Y ea r ending June 30 1916. g r o s s . $395,708; net, $t46.537; other income.
$161,592: in t., rentals, &c.. $218,361; dlvs. (6 % ). $30,000; baL, 359.<68.
Pres., Sc Treas., A . E . Rawson: A ud., E . S. Gentle.— (V . 101, p. 773.)
C H IC A G O R O C K IS L A N D ft P A C IF IC R R .— Company’slnteres: in
tho Ralway (see below ) was foreclosed In 1914.
V . 103, p. 60.144, 1031.
C H IC A G O R O C K IS L A N D & P A C IF IC R A I L W A Y .— The sys
tem extends from Chicago. TIL. via Omaha. N eb ., to Denver and C olo
rado Springs, Colo., also to Minneapolis, Kansas C ity, &c. Connects with
the Southern Pacific for Pacific Coast service.
Owned in Fee (Concluded) — M iles
Owned in Fee (5,269 M ile s ). M iles.
Chicago. 111., to Col. Spgs., Col-1.063 Branch lines----------------------- 2,054
Cap. Stic, all owned (2,087 m .)
Davenport, la ., to Terral, Okla. 707
Herlngton, Kan., to Texhoma, ___ Choc. Okla. & Gull (le a s e d )... 967
O k la .................................- - - 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 W atert’n, S. D . 376 St. Paul Sc K . O. Short Line R R . 183
14
St Louis, M o., to Kan. City. Mo.284 Rock Isl. & Dardanelle R y ----21
Bravo, Tex. (New M ex. State line) Rock Island Stuttgart Sc So. R y
Per pet. lease; treated as owned—
to Santa Rosa, N . M ............ -.112
47
Glenrim T e x ., to Tucumcarl. ^ Peoria & Bureau Valley R R . Co.
7,356
Total mileage owned d irictiy and through capital "took. &o .
Lease'dLineT(see“
statement for each)—-W hite & ITlack R iver Vail. R y . Co 62
Trackage: Denver, Pueblo, Kansas C ity (V . 103, p. 493), &c----------- 598
Birmingham to Sheffield, M o ------------------------------------------------- ------- °
T otal mileage June 30 1916-------------------------- --------------------------8,024
Receivership.— On A pril 20 1915 receivers wero appointed. Solo receiver
is now Jacob M . Dickinson. The interest which matured Jan. 15 1916
and July 15 1916 on tho [$20,000,000] debentures was not then paid; tho prin
cipal o f the debentures was doclared duo Dec. 4 1916, and judgment for
$21 560,500 was entered Jan. 23 1917. V. 104, p. 361.
® Th e suits against former directors were settled in Jan. 1917 on tholr offer
to buy $5,000,000 o f new 6% pref. stock at par, and pay $500,000 cash and
expenses o f suit. V. 104, p. 163. Was entered Jan. 23, 1917.
P L A N D A T E D N O V . 14 1916.— This plan o f reorganization (V . 103,
n 1887, 1980, 2155; V. 104. p. 451) was put out by the Joint Reorganization
Committee, having first been underwritten by Speyer & Co. and Hayden,
Stone & C o., and approved by both stockholders committees and also the
debenture committee. Th e plan was declared operative le b . 1 1917, the
holders o f 96% o f tho stock and 95% o f tho $20,000,000 debentures having
deposited their holdings with either the Bankers Trust Co., N . Y .. or First
Trust & Sav. Bank, Chicago. Tho contributions by the stockholders aro
due $10 per share March 3, $10 April 3 and $20 Juno 14. V . 104, p. 451.
Resume of Plan Dated Nov. 14 1916.
_
_
New Stock (in $100 Shares), Presently $125,000,000 (Optionally $140,000,000)
In cl. $50,000,000 (or $65,000,000) Pref. Stock (or Income Debentures).
Th e properties aro either to be retained in the present company , or are
to be vested in a new company, subject to existing mortgages or deeds o f
trust, and w ith new stock as follows:
( l ) Two Classes of Pref. Stock, 7% and 6 % , with Same Preference as to Assets
K'
and Sharing Pro Rata in all Dividends after Prior 1% on 7%
Preferred— Both Cumulative up to 5% .
7% Pref. Stock, callable at 105. Presently auth., $30,000,000.
N ow Issuable----- --------------------------------------------------------- - J. < .»»u
6% Pref. Stock, callable at 102. Presently auth., $25,000,000—
Issuable to assenting debenture holders . . . -------------- -------$20,00 ),000
Sold to former directors (for reorganization purposes)----- 5,000,000
(2) Common Stock. Total auth., $75,000,000; now issuable
74,359,722
(a) T h e Joint Reorganization Committee may In Its discretion determine
that the authorized amounts o f the 6% prof, stock or o f the 7 % prof, stock,
or both, shall exceed tho amounts above specified by not more than $15,
000.000 In par amount for both; and any part o f such pref. stock not re
quired ror the purposes o f the plan m ay be placed in the treasury for general
corporate purposes. The auth. amounts o f tho prof, stocks may not be In
creased after reorganization except by vote o f a m ajority o f each class ot
stock, voting separately.
,
„ ,
... ,
...
(b) The right o f cumulative voting at all elections w ill be provided.
Sale of Stock.— For the cash requirements o f tho plan, estimated at
$29,743,889, a purchase agreement has been entered into with Speyer & Co.
and Hayden, Stone & Co., who agree to purchase, for tho sum o f $29,743,
889, less a commission o f 3 % , tho $29,743,889 7% prof, stock and the
$74,359,722 common stock to be presently Issued, and navo authorized tho
committee to offer depositing stockholders an opportunity to participate.
The settlement w ith former directors in . an- 1917, Involving salo of
J
$5,000,000 6% pref. stock, brought In a further $5,500,000 for reorganiza
tion expenses. V. 104, p. 451.
Terms Offered Holders o f Present Stock and Debentures.
(1)
Depositors o f the present stock ($74,359,722) paying $40 a share ($10
March 3, $10 A pril 30. $20 Juno 14) w ill receive in exchange for each $100
lll% ) h e ^ U ir w '8
D
DebmUire holders (total Issue $20•0°0jp00) w ill [ecelvo jn
cash the 5% arrears o f interest on their debentures to July 15 1916. and in
respect o f each $1,000 debenture $1,000 in new 6% preferred stock.
Application of $29,743,889 from Sale o f 7 % Preferred Stock.
T o pay Tw o-Year Collateral Trust Gold N otes.
...................$7,500,000
do
Loan. Central Trust Co., secured by co lla tera l-.-------- 2,500,000
do
Loan, Hayden, Stone & Co., secured by collateral------- 1,600,000
do
Receiver’s Certificates, Series A and B ----------------- — 4,Uoa,uuu
T o pay or acquire claims against and liabilities o f tho receiver,
to pay interest and other debts o f the new company, and to
pay the expenses o f the reorganization, commissions, & c.t and
to provide additional working c a p i t a l - - - - - - - - - - - - - - - - - ----11.555,889
The 85,500,000 received from former directors in l<eb. 1917 is applicable
to reorganization purposes, Including, it Is supposed, the settlement of
various claims renounced by the receiver (seo below). As against these
claims also the receiver will turn over all monovs remaining in his hands.
On N o v 2 1916 the moneys so held amounted to $4,821,589. a part or
which represented accumulations made in anticipation o f paymonts then
presently to become due.
Estimated Resources to Dec. 31 1919.
Estimated balance o f cash provided for In reorganization (after
paying all short-term loans, receiver’s certificates and expen
ses), additional to receiver's cash------------------------------------ c r ff i’nn
From settlement w ith former directors, as above . . . ------ - - - 5,500.000
Estimated face amount o f First & Refunding bonds available
upon consummation of plan for the making o f the additions and
betterments above specified and the retirement o f the Choctaw
Serial bonds, the 1st M . 6% bonds due In 1917 and tho Choc
taw Okla & Gulf Gen. M . 5s due in 1 9 1 9 -.-----------------------54,174,000
S t P * K . O Short L . R R . 1st M . bonds\Atso further amountsT2.757.000
Rock Isl. Ark. & La. R R . 1st M tge. bonds]for Improvem’ts, &c.\l,905,000
Proposed Sale of Bonds (with Additional Coupons Attached).
B y attaching appropriate coupons, It w ill be possible to sell such o f tho
First & Ref. bonds as It may be deemed desirable to dispose o f at a price
more nearly approaching their faco value than tho present market price.
Such additional coupons'5
will be a fixed charge, but w ill not be secured by
the First & Ref. M tge. In Fob. 1917 It was deemed Inadvisable to sell, so
long in advanco (as suggested In plan), the *15,000,000 M r s t * Ref. bonds
to provide at maturity for $12,500,000 llr s t M tgo. 6s and the $1,494,000
Choctaw Collateral bonds duo July 1 and M a y 1 1917. V. 104, p. 451.
E A R N IN G S — C H A R G E S .— Th e consummation o f thei plan_wlll roduco
tho total fixed charge obligations from $£>5,946.3831 to!$2Jp ,758.383,^In
crease the proportion o f stock to such °blteatlora from * in
rqr tfto
and reduce the fixed interest charge from *12.277,096 to $10,222,696, the
saving in interest payments as compared with tho year 1915-16 being $1,
937 696. Taking the net Income for tho last fiscal year as tho basis, there
should be after reorganization a surplus of' *4.894.977 applicable to divi
dends on the stock, equivalent to the full dividends on tho $50,000,000 or
pref. stocks o f tho new company presently issuable, and a balance o f
$1,594,977 for the common stock.
Estimated Requirements, Aggregating $38,312,840, Jan. 1 1917 to Dec. 31 1919
[Without allowance for any liabilities renounced by the r e c e iv e r
1919.
Calendar Years—
„
l(U71918.
1(1,0
First M tge. 6s, due July 1 1917------$12,500,000
2,409,947 $2,084',947 $2,'084', 946
Equipment trust obligations. ..........
1.494.000
Choctaw Serial Collateral bonds----1,494,000
6',500.666
Choctaw Okla. Sc Gulf Gen. M . 5 s ..
-------
55.000
■'20', 666
L ittle Rock Brldgo 1st M . 6s---------20,000
50.000
50,000
C. Sc R . I . Elevator 1st M . 5 s .........
3,500,000
Additions and betterments-------------3,500,000 3.500.000
....................... $19,973,947 $7,148,947 $11,189,946
Total
I t is alsoTntended to expend a substantial amount for rehabilitation.
Leading Charges, &c., Disallowed by Receiver or in Dispute, and Therefore
Not Provided for by Plan.
(1) Claims for which a preference Is asserted. &c., about $200,000, (2)
Unpaid proportion o f Joint liabilities renounced by receiver: (a) Trin ity &
Brazos Val. R y. Equip, notes A (prln. & int. to Oct. 1916), 840,313,
(b) Galveston Terminal (bond Int. to Sept. 1 1916), M9»770;
Railway Terminal (est. propor. of bond Int. to Jan. 1 1917), 85,000, (3)
Fe b ., 1917.
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c., see notes on first page]
Date
Miles
Road Bonds
C hi R ock Isl & Pac (Concl) — To be Outstanding under Plan
First M Chlo, 111., to Couno Hlutis A branches Usz.o*
765
General mortgage $100,060,000 gold____Ba.xo*Ar
2.486
Coll tr M g (Choctaw) Sor O & P call 101 K .x C e .c *
1st & R ef M $163,000,000 g rod 105 to’ ll.C e .x c*& r Text
292
Cedar Rapids I F & N W 1st mtge gold guar.Ce.zo
998
B G R & Nor consol first mortgage gold .Ce.zo* Ar
12
Minneapolis A St Louis 1st M gold (assumed)___Fz
113
Rook Island & Peoria cons 1st M (V 75, P 30).M pz
351
Choo O & G general (now 1st) M $5,500,000 g .xo *A r
282
Choc & Mem 1st M $3,750,000 assumed.GP.xo&r
___
L Rock Bridge 1st M assumedg red______ GP.xo*
335
Consol mtge gold. _
........-GP.xo*
363
R I A & L 1st M $30,000,000 g gu red 105 Ba.xo* Ar*
___
Little Rock A H ot Spg West notes guar p A i----.....
St P < K O Short ji— ist M g gu red 105-Ua.xc* Ar*
&
L
___
Equip note Scr C gold due $265,000 semi-ami. _ Ce.xc
___
do Ser D g $225,000 s-n (V 90, p 913. 1362) -Bax
...
do Ser E g $5,000 due semi-annually.......... ---X
- -.
do Ser F g $12,000 s-a (V 93, P 939).............Bax
...
do Sor O g $170,000 s-a (V 95p 160/) - - - - - Bax
__
do Ser H g $441,000 ann (V 96. P 1772) -BaxcAr
1877
1898
1902
1904
1881
1884
1877
1885
1894
1899
1899
1902
1910
1911
19)1
1909
1910
1911
1911
1912
1913
1915
Par
Value
Amount
Outstanding
$100
100
100
1,000 Ao
1,000 Ao
1.000
500 A c
1.000
l.OOOAo
50o Ao
1,000 Ac
1,000
1,000
1,000
1.000
500 Ao
1,000
5 <6 d'
5 b
1,000
1.000
1.000
1,000
1.000
1 000
1.000
$74,359,722
29,743,889
25,000,000
12,500,000
61.581,000
2,988,000
a l l l 140000
1,905,000
11.000,000
150,000
450,000
5.500,000
3.525,000
95.000
5,411,000
b l2 ,965,000
453.600
cl2,024,(’40
1,590,000
3,825,000
40,000
228,000
3,570,000
3,087.000
2,608,000
Rate
%
When
Payable
Other charges renounced or disallowed by receiver: (a) Boston and Portland
offlco rent (gross p o Oct. 1 and Dec. 1 1918), $24,325: (/;) Coasolldated
Indiana Coal Co. |Bond Interest to Dec. 1 1916, $250,000: and sinking fund
to Juno 1 1916, ost., .$51,750 [the Railway Co. has a largo Investment In this
company, which is in hands o f a receiver who has Issued $100,000 receiver’s
certlfieatosl; (c) St. Joseph Union Terminal (rental to Jan. 1 1917),
$62,500; (d) lrarlem-Kushvillo trackago (to Dec. 31 1916), about $132,000;
(e) Keokuk & Des Moines rental, say, $50,000; (/) Trinity & Brazos Valley
R y . Co., one-half Interest to N o v. 1 1916 on total cost (now operated
separately— see that company), $496,556.
Inasmuch as the semi-annual Interest installments have not been paid
during the receivership on the half cost o f the T rinity & Brazos Valley lty .,
notlco o f precipitation o f the maturity o f the principal, about $5,517,000,
was served upon the Chic. It. I. & Pac. lty. Co. in M a y 1916. Th e com
mittee Is advised that this claim Is unenforceable, but the Colo. & Sou. R y.
in Dec. 1916 brought suit to enforce said claim, also $40,313 T . & B . V . R y .
equip, notes and $50,000 Galveston Term . lty . bond int. V. 103, p. 2428.
C A P I T A L R E Q U IR E M E N T S .— In N o v . 1915 expert J. W . Kendrlcli
reported (V . 101, p. 1713) that the system required the expenditure for im
provements and additions in the next three years o f $27,000,000, and In the
following two years $4,000,000 yearly, and should then show:
Year—
Gross.
N et Income.
Charges.
Bal..Surp.
1918-19..................... $74,550,000 $21,014,000 $16,711,000 $4,303,000
17,111,000 7.381.000
1920-21............ ......... 76,350,000 24.492,000
Soo also Y . 103, p. 665, 16S3: V. 102, p. 1249: V . 98, p. 762, 1536.
For independent report to Amstor committee, &c.,seo V . 102, p. 608,1435.
Protective Committees for Stock and Bonds.
Joint Reorganization Committee, consisting o f representatives o f the Ifa y den and Amster stockholders’ committees and debenture committee:
Seward Prosser, Chairman; James Speyer, Charles ITaydon, N . L . Amstor,
E. K . Boisot and S. Davies W arfield, with W hito & Caso, Samuol Untormycr and K . R . Babbitt as counsel, and B. W . Jones, 16 W all St., Secre
tary. V. 102, p. 1435, 2341: V. 103, p. 758, 665, 1508.
Committee for First and Ref. Mtge. Bonds.— Charles A . Peabody, Chair
man; Sec., E. C. Granbery, ot Harris, Forbes A Co. Guaranty Trust C o .,
N . Y ., depositary. V. 100, p. 1751, 1671, 2084; V. 101, p. 287. 1464, 1806;
V. 102, p. 250, 885, 1249, 2166; V. 103, p. 665, 1031; V. 104, p ' 451.
Committee for Consol. Indiana Coal Co. Isf M . 5s.— M ortim er N . Buckner
(Chairman): Herbert M . Morso, 26 Broad St., Sec.; Now Y ork Trust Co.
depositary
Stewart Iy. Smith or Chicago was on Ju ly 14 1915 appointed
receiver o f Consol. Ind. Coal Co. V. 100, p. 1921; V. 101, p. 290. 616.
B O N D S — Of the General 4s of 1898, those unissued are available as fol
lows: 514,900,000 at not over 51,000,000 per annum for permanent Improve
ments and additions, Incl. equipment; Bankers Trust Co . N . Y ., and Bcnj.
Strong Jr., trustees. A bstract. V. 66, p. 522; V. 78. p. 228; V. 80, p. 272.
F IR S T A R E F U N D . 4 % BO ND S OF 1904 ($163,000,000 A U T I I . IS S U E ).
A 1st lion (either directly or through pledge o f entire Issues o f bonds o f the
companies owning the same) on terminal property in St Paul, Minneapolis
and Kansas C ity, now equipt and shops at SilvR, near East M oline, 111., and
on railways aggregating 1.179 miles; also a junior lien subject to existing
mortgages on all the other lines o f the system o f the Railway company, aggroKat„,S § '-e»x. ,^ lv,eo 0 f
c
and trackago, 5,683 miles. See V 78.
P ’ 2?8 2,3>, X: 79’ p ,^ 71S 220< Y - 84> P- 219; V . 85, p. 98. Th e deed o f
,’
4!
6:
trust forbids the creation or a junior mortgage without the consent o f the
holders o f all the Ref. M . 4s. V. 87, p. 1089 1419* V 88 n 623 822*
V. 89, p. 666; V. 90. p. 108. 236, 1170.1424; V . 9l p l 760) V . 93, p . ’l667.’
1785; V- 99. p. 1748, 1831: V. 100. p. 900. A dd ition a lco u p on p la n , see
abovo.
As toCblo. R . I . A Pao. Elevator mtge., see V . 79, p.2590: V. 82, p. 750.
For Consol. Indiana Coal 5s, Interest guar.; but int. and sink. fd. in de
fault; see V. 80, p. 2401, 2623; V . 100, p. 1921; guaranty, V .8 2 ,p . 1499.
Rock I . Ark. & La. 1st M . 4 YiS (V . 90, p. 626, 699, 1161) and St. P . &
Kansas Cilg Short Line 1st M . 4M s . v . 92, p. 526, 593; V. 93, p. 1196; 1159;
V . 94, p. 1056; V . 97, p. 236, 1114), were guaranteed, principal and inter
est by tho old Railw ay Co.
Rock Island-Frisco Terminal R y . 5s, sco that company and V . 84, p.
569, 748.
F IN A N C E S .— Capitalization Chic. R . I. & P a c.R y . per milo Juno 30
1916: Stock, $10,126; bonds, including equipment trusts. $36,791.
E A R N IN G S .— 6 mos.,/1916..-Gross, $42,228,895; not, $12,192,838
July 1 to Dec. 31. \1915---Gross,
36,935,261; not,
7,604,819
R E P O R T .— For year 1915-16. V. 103, p. 1683.
,
------------------New Basis-----------------Old Basis.
Year end. June 30—
1915-16.
1914-15.
1913-14.
1913-14.
Average milos........ .......
8,098
8,330
8,205
8,205
Freight earnings..............$50,921,931 $47,576,668 $44,333,447 $44,309,636
Passongor earnings......... 18,664,962 18,230,101 18,829,816 18,824,651
M ail, express, &c--------- 5,760,072
5,141,121
5,512,579 5,073,826
T o ta l grass earns------ $75,346,967 $70,947,890 $68,675,842 $68,208,113
Operating expenses------ 54,513,133 53,521,615 51,635,820 50,999,946
N ot earnings-----$20,803,834 $17,426,275 $17,040,028 $17,208,167
Opor. inc. (aft. taxo s)..$17,201,726 $14,039,895 $13,703,752 $13,718,061
Other income................
1.406,342
1,367,916
1,836,209
1,229,528
Tota l not income------ 18.611,068 $15,407,811 $15,539,962 $14,947,589
Intorest, rontals, & c------ 15,653,786 $16,142,488 $15,089,341 $14,496,968
D ivid end s..................................... .
......
(1,871,763
1,871,763
..........
..........
\
234% _
243 %
Bat., sur. or dof____sur$2,957.2S2def$734,677 def$1421,142dcf$l421,142
O F F IC E R S .— Chairman, J. G. Shedd; Chief Exec. Officer and
1st V .-P ., J. E, Gorman; V .-P ., A . C. Ridgway; V .-P ., Sec. A Treas., Geo.
It. Crosby, Chicago; V .-P ., Asst. Sec. A Asst. Treas., J. J. Quinlan. N . Y .
office. Bankers’ Trust Bldg, tied
Last Dividend
and M aturity
Places Where Interest ana
Dividends are Payable
"
6
4g
4 g
4
5g
5g
7g
6
5 g
5 g
6 g
5g
4a g
4
4H g
4 >4 g
4H g
5g
4 y, g
4H g
5K
5
J
J
M
A
A
A
J
.1
J
J
J
M
M
.1
F
A
M
J
F
J
J
Al
Chicago St Loeuis & New O rleans-S ee Illinois Central.
___ . . . .
100 18,556,700 7 in 1916 F
Chicago St Paul Minn & Omaha— Common stock----. Preferred stock non-cum including scrip (see text)
100 11,259.200 7 In 1916 F
693.000
ChlSt P A Minn 1st M gold Elroy to L St C ass’ d.zo*
500 Ao
177 1878
M
6g
St P A Sioux City 1st M gold $10,000 per m lle.Ce.zc
1.000
A
607 1879
6,0700.00
6g
Nor WIs 1st M Lake St C to near Spooner ass'd Ce.zo*
1.000
J
80 1880
567.000
6
Superior Short Line 1st M $1,500,000 ass--- Un.zo*
1,000
M
1895
1,500.000
5
O St P M A O M $30,000,000 ($15,000 p m ). Ce.zo*
1.000 17.623,000
1880
J
6
do
do
consols Interest reduced...
1880
1.000
3,734 000
3H J
Dpben gold $2,000,000 “ stamped ’ «\ text.Ccxn* Ar*
1912 1.000 Ac 11,200,000
M
6 g
Includes a $16,199,000, b $1,965,000 and c $2,757, 000 in treas. or pledge d as col later al.
37
RAILWAY STOCKS AND BONDS
A
A
A
A
A
A
A
A
&
A
A
A
A
&
A
A
A
A
A
A
A.
t
J July 1 1917
First N a t Bank, N Y
J Jau l 1988
do
do
N May 1917-1918
do
do
O A pr 1 1934
Oct 1910 coup pd wh due
O Oot 1 1921
First N at B k. Now York
O Apr 1 1934
do
do
D June 1 1927
ao
ao
j
J July 1 1925
do
do
1
J Oot 11919
do
or Phila
J Jan 1 1949
do
or Phila
.1 July 1 1919
do
iio
00
do
N May 1 1952
do
or Europe
S Mch 1 1934
J July 1 193 *
Go’s office, Chicago
A Feb 1 1941
New Y ork and London
O Apr T 7-Oct 'IS First National Bank. w Y
N T o M a y 1925
do
do
J July ’ 17-Jan '21 U S Express Co
A Aug ’ 17-Aug ’26 First N a t Bank, N Y
J July'17-July ’27
do
do
J JulyT7-JuIy ’23
do
do
S T o Sept 1925
A
A
A
A
A
A
A
A
&
A
A
N
O
J
8
D
D
S
Fob 20 '17, 3 H Office 111 B’ w ay, N Y
Feb 20 17. 3 H
do
do
May 1 1918
do
do
Apr 1 1919
do
do
Jan 1 1930
do
do
June 1 1930
(lo
do
June 1 1930
do
do
June 11930
do
do
Mch 11930
Board.— As reorganized in 1915 (V . 101, p. 1013, 1092, 1273. 1552)’
J. G . Shedd. Chicago, Chairman; N . L . Amster. Boston. Chairman o f
Exec. Committee; James Speyer, Seward Prosser, James Alexander. ,Cnas.
Hayden, W . B. Thompson, John It. Morron, N ew Y ork; E. D . Hum®,^,
C . G. Dawes, Nathaniel French, Davenport, la .; J. W . Burdick, P itt burgh; S. Davies W a rfield, Baltim ore.— (V . 104,p. 72, 163, 361, 451.)
CHICAGO ST. P A U L M IN N E A P O L IS & O M A H A R Y .— (See M a p Chi
cago & North Western.)— R O A D .— Elroy, WIs., to Omaha, Neb., 593 miles;
other lines, 1.160 m.; total, July 1 1916, 1,753 miles, of which 1,683 are
owned and 70 miles leased. V . 69. p. 1147.
H IS T O R Y .— This was a consolidation July 1880 of the Chicago St. Paul
A Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November 1883 Chicago & North Western R v . nurebased control,
viz., $9,320,000 common and $5,380,000 p re f., and in 1910 $220,000 com.
STO C K .— Authorized common, $21,403,293: preferred. $12,646,833.
Held by the company June 30 1916, common stock and scrip, $2,844,207:
preferred stock and scrip, $1,386,974. Preferred stock has a prior right
to non-cum. dividend of 7% , but com. is never to receive more than pref.
D IV S .— 1 '93-’96. ’97. ’98. '99. ’00. '01. ’02. ’03. '04. ’05-’ 16.
1917.
C om m on../ None
2
2 3H 5
5
8
6
6 7 y 'ly
3 >4,— .
BO N DS.— In April 1911 the $1,500,000 Superior Short Line R y . 5s held
In the treasury were sold. V. 92, p. 954, 1310. Ch. St. P. & Minn. 1st 6s.
due 1918, and North Wlso. 1st 6s, due 1930. are exchangeable at option o f
holder at any time. $ for $. for consol. 6s. V . 68, p. 521: V . 77, p. 2389.
O f tho $11,200,000 outstanding debentures, ($15,000,000 auth.), $9,200,000
are “ plain” and $2,000,000 are “ stamped” as subject to income tax. V .
101, p. 1806. A n y increased mtge. (except for extensions) must secure
debentures. V. 94. p. 278, 487, 1316: V. 95. p. 812; V. 96. p. 1421, 1556:
V . 98, p. 386; V. 101, p. 129.
E A R N IN G S .— Six months ending Dec. 31:
Gross.
Net.
1916................... ......... .$11,544,965 $3,889,199
3,216,367
1915-------------- ---------- 10,190,751
Charges.
$1,505,548
1,544,665
Bal., Surp.
$2,383,651
1,671,702
R E P O R T .— For year ended Juno 30 1916 in V . 103, p. 1113, 1126.
1915-16.
1914-15.
1913-14.
Tota l operating revenue...... ..............$19,522,563 $17,841,348 $18,210,083
Operating expenses----------------------- 12,958,838 12,107,598 12,834,117
N e t operating Income----------------- $6,563,725 $5,733,750 $5,375,966
Tota l net income........ ...................... $5,991,915 $5,069,382 $4,732,508
Interest on bonds..................
2,215,377
2,152,313
2,052,901
Rentals and miscellaneous___________
773,511
697,984
687,992
Dividends on common stock (7 % )—
1,298,934
1,298,934
1,298,934
Dividends on preferred stock (7 % )- 788.148
787,976
787,976
N e t surplus for year_______________ sur$915,910 sur$132,175
def$65,295
O F F IC E R S .— M arvin Hughitt, Chairman o f Board; Pres., Jas. T .
Clark: V.-Ps., S. A . Lynde, E. M . H yzer and A . W . Trenhoim; Sec., J. D .
Caldwell; Treas., A . S. Pierce.— (V . 103, p. 662, 1113, 1687, 1887.)
C H IC A G O T E R R E H A U T E & S O U T H E A S T E R N R Y .— (See M a p .)—
Owns Chicago Heights, III., to Westport, Ind.. 298.02 m.; Blackhawk to Sul
livan, Ind.. 18.52 m.; Bedford to Oolitic, Ind., 4.19 m.: 10 branches, 39.35 m.;
trackage Blue Island Yard to Chicago Heights, 111.. 12.47 miles; track
age to Union D epot, Terre Haute, Ind., .30 miles; total June 30 1916.
372.85 miles. Incorp. in Indiana and Illinois in N o v . 1910 as successor to
the Southern Indiana R y . and the Chicago Southern R y . (both foreclosed),
per plan in V . 91. p. 337, 333. Possession taken Jan. 1 1911 (V . 92. p. 59).
lia s also acquired the Bedford Belt R y .
On Aug. 1 1913 made
99-yr. lease with the Balt. A Ohio Chicago Term . R R . for use o f 12.47
miles through Chicago Heights north to H arvey Junction in the "Chicago
Switching D istrict."— V . 97, p. 1110.
STO C K .— The $4,300,000 com. stook, exoept shares necessary to qualify
directors, have been placed in a voting trust until Deo. 24 1920, unless
sooner terminated, as provided In the agreement. R o v C. Osgood. Frank
F . Taylor and Geo. A . Jackson, voting trustees.
B O N D S .— Th e new “ Flrstand R e f.” M . is afirstlien on about 114 miles
and a second (consol.) mortgage on the remaining 246 m. owned. V . 91.
p. 337: V . 92. p. 596; V . 94. p . 1118.
Purposes for which $20,000,000 First and Refunding Bonds were Issunhle.
Issued under plan (o f which $1,979,000 pledged for loans)______ $6,334,000
Reserved to retire So. Ind. R y . and Bedford Belt 1st M. bonds.. 7,787.000
Reserved under careful restrictions for extensions, additions. Im
provements, acquisition of sub-company stock and bonds, A c . 5.879,000
Th e income bonds dated Dec. 1 1910, $6,500,000, bear interest from
Doc. 1 1912 at 5% per annum from net earnings (determined as provided in
the m ortgage), payable if earned, but cumulative to extent not paid. The
incomes have at all stockholders’ meetings one vote for each $100 par value,
tho condition and manner o f casting such vote being fully stated in the tge
D iv. on incomes, 1% , semi-annually paid Sept.1911 to M ar. 1913 incl.:
1 H % Paid Sept. 1913. None since. V. 97. p. 298; V. 103. p. 1104.
Loans June 30 1916 secured by $1,979,000 “ First A R e f.” 5s, $1,480,000.
E A R N IN G S .— 6 mos.,/1916-........... Gross, $1,527,844: net, $287,S77
July 1 to Dec. 31. \1915________ Gross, 1,242,131; net, 352,868
R E P O R T .— For year ending June 30 1916 in V . 103, p. 1404, 1427:
1915-16.
1914-15
1915-16.
1914-15.
Gross earns.-S2,528,047 $2,186,268 Taxes & rents. $165,807
$165,268
N ot earnings. $715,260
S573.837 Flx.lxL,Ac.,int.
653,160
654.009
H ire equip.,&c.
318,039
265,593
Total net inc. 1,033,299
839,430 Bal., simp—
$214,331
$20,153
O F F IC E R S , A c.— Pres., M J. Carpenter; V .-Pres., E. K . Boisot; Sec.,
W . F. Peter; Treas., F. J. Lawlor. Directors: M . J. Carpenter. E. K .
Boisot, Chas. Porter, J. S. Field, A . W . Howard, F. O. Wetmore, John T .
Beasley.— (V . 99, p .8 9 4 ,1048; V. 101, p. 1092,1185, V. 103, p. 1164. 1427.)
38
RAILWAY STOCKS AND BONDS
[V o l . 104.
RAILWAY STOCKS AND BONDS
F e b ., 1917.]
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 Terre Haute & S E— StockSou Indiana 1st M g (see text) not assumed-GP.zc'
1st and Kef M $20,000,000 g call 107 14-.IC.xo* Ar
do
do
(locomotives) $16,000 ann________
Miles Date
Road Bonds
4 1898
243 1901
360 1910
360 1910
1913
1913
1915
Chicago Utilities— Common stock $22,500,000____
Prcf stook 5% non-cum $30,500,000 ...... ............ .
1st M sor A g 1st lien $20,000,000.Usm.x
isvllle
General mortgage gold sink (undsubj to call 105-xo1
Cons M $50,000,000 g ......................... _IC .xo*Ar'
N o t e s _____________________ ______________________
Chicago & West Michigan— Sec Pere Marquette R R
I t e .............
Cincinnati
Cincinnati
.....
1912
1912
Par
Value
Amount
Outstanding
Rate
%
When
Payable
39
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
$100 $4,300, ,000
250 ,000
J &
5
July 1 1938
1.000
7.534, ooo
F & A Feb 1 1951
1st N at Bk. N Y or Che
i *
l.OOO&o
4.244, 000
5 g J & D Deo 1 1960
do
do
100 &o
6,336 .0 55 See text See text Deo 1 1960
do
do
1,000
570 .000
A & O Apr ’ 17-Apr '23
5
do
do
1,000
70 ,000
J
& J July 1 1923
5
do
do
1,000 Ac 30,000 ,000
A
July 1 1*963
N Y ,P a R R C o ;C h I,I»T rA S
444 gJ
100 18.794, 000
100 30.475, 000
1.000 Ac
5,999, 000 „
A & O Apr 1 1942
5 g
April 1915 coup not paid
1,000 Ac
4.000, ,000 See text
Apr 11942
100
53 1882
1,000
1902 1,000 Ac
1912 1.000 Ac
1915 1.000 Ac
1915
1,000
5.000.
6000 1916 Q— M 31 D ec31'17 144%
In
4,508.000
6 g
Q— M Deo 1 1932
45.351.000
4 g J & J July 1 1952
See text
M A S Sept 1 1962
12.935.000
M A S S e p t 1 1917
1.000.000
M & S Sept 1 1917
Chicago
J P Morgan A Co. N Y
III T r A S Bk.Chlo: A N Y
N Y , J P M & Co. &Chlc
.1 P Morgan A Co. N Y
Chicago, Cent Trust Co
’ "
91
rbed—
59
Second (now first) mortgage gold...... ..........Fxo
59
General mortgage $7,800,000 gold V. 102, p. 2077xo*
Car trusts Ser A due $116,000 semi-ann......... Ba x
—Dayton & Michigan— See that company
New Bonds of B. & O. RR. as per Plan—
B A O R R Tol-Cm D lv M $35,000,000 call 10244- Text
Old Bonds included in plan.
167
Cln Day & Ironton 1st M g guar (assum ed)Ce...xo*
All
1st & R ef M $75.000,000auth, part g u .. .Bax.o* Ar*
All
General mort $20,000,000 redeemable te x t____ Ce.x
Plqua * Troy 1st M $250,000 gold guar p & I --- xo
9
Old bonds and notes not included in plan—
O I I & D purchase money notes (overdue)______
Cincinnati Dayton & Chicago first mtge gold ...... Nx
95
Cincinnati Find A Ft W Is tM g gu end red ._-N .xo *
91
1903
1,000
1.150,000
4g
1887
1892
1910
1.000
1.000
1.000
2.000.000
3.000,000
812.000
4 H gJ
5g J
5
J
1916
1891
1909
1909
1899
1908
1892
1903
16,250.450
1,000
$ A £
M A N
N ov 11923
1959
1,000
3.500.000
5 g M A N May
9.177.000
4
J A J July
17.529.000 See text See text July
225.000
4 g M A N Nov
1,000
1,000
11.557.000
1.200.000
1.150.000
C H I C A G O U N I O N S T A T I O N CO .— Incorporated In Illinois. Owns
old Union Station and is building extensive new terminals covering 35 acres,
a t cost o f $47,000,000. In Jan. 1917 5% completed. Capital stock, auth.,
$3,500,000; outstanding, $2,800,000, held one-fourth each by Pennsyl
vania Company, Pitts. Cln. Chic. & St. Louis R y ., Chic. Burl. & Quincy
R R . and Chic. M ilw . & St. Paul R y. Th e station will bo used by the four
proprietary companies and the Chicago & A lton R R . The $30,000,000 1st
mtge. bonds are part o f an authorized Issue o f $60,000,000. T h ey are
guar. prln. & int. by the four proprietary companies. Rod. at 105 on or
after Jan. 1 1921. See V. 102, p. 608; V. 103, p. 60, 667, 1301.
CHICAGO U T I L I T I E S CO.— Incorporated In Maine April 9 1912 to
luoceed (per plan V. 94, p. 938, 939. 1386: V. 94, p. 350) the Illinois Tunnel
Co. and Chicago Subway Co. foreclosed. V. 94, p. 911. 1056, 1118; V. 90
p. 652. 1089. Reorg. per plan o f Oct. 2 1911 (V . 93. p. 938, 939. 1386.)
Company acquired (either directly or otherwise) all the capital stock and
mortgage notes of the Chicago Warehouse A Terminal Co. and the Chicago
Tunnel Co. (purchaser o f property o f Illinois Tunnel C o.) and the Illinois
Telep. A Tolog. Co. The sub. companies own property free o f incum
brances except certain mortgages hold by the U tilities Co. Th e Chicago
Tunnel C o’s, property was sold for $59,923 taxes on D ec.4.— V.103, p. 2155.
There is owned by subsidiary companies 60 miles o f tunnel, operated with
narrow-gauge electric motors and cars, for the transfer o f freight between
the various railroad terminals In the C ity o f Chicago and to and from the
downtown business district and between business houses; see V . 86, p. 720;
V. 87, p. 1357. The proposod sale o f tho (unprofitable) telephone property
Wets blocked in Sept. 1916 by failuro to get U. S. Attorney-General to pass
on samo. C ity or Chicago has proposed forfeiture o f tho telephone system.
Suit for $8(000,000 is pending against Am . Tel. A Tel. Co. for failuro to
complete purchaso. V. 103, p. 1121,758, 1301; V. 101, p.369. A pril 1915
coupon on Series A unpaid. V. 100, p. 1256, 1751.
E A R N IN G S .— In 1914 no Income from subsidiary companies. For
year 1913: Gross, $789,207; operating expenses, including taxes, $871,413;
«p . def., $82,207; other income, $19,629. See V . 101, p. 369.
Directors.— F. S. Peabody and Spencer Otis, Chicago; Samuel M cR oberts, N ow York; R . J. Dunham, Joseph Harris; Pres., S. W . Tracy, Chi
cago; Treas. A Sec., J. C. Payton. Chicago office, 754 W . Jackson Boul
— (V . 104, p. 451.)
4
4
4g
N o v '14 coup not paid
Jan 1 1937
J P Morgan A Co. N Y
June 1 1942
N Y , Kuhn, Loeb & Co
T o June 1 1920 J P Morgan & Co, N Y
N ew Y ork
1
1
1
1
1941
1959
1939
1939
N o v 1914 coup not paid
See text
Jan 1915 coupon not paid
Un Sav Bk A T r Co. Cln
July 1 1913
A A O Apr 1 1942
M A N Nov 1 1923
Oct 1914 coup not paid
N o v 1914 coup not paid
V . 77, p. 88 , 694. Leased to Cin. Ham. A D ., which guaranteed bonds,
prln. and interest. V . 78, p. 286, 342, 701 Form o f guaranty, V . 78,
p. 701 The coupons due N o v . 1914 were defaulted. V . 99, p. 1451.
Property was not included in the C. II . A D . reorganization plan as issued’
but in Oct. 1916 85% o f bonds had assented to certain
adjustments,
arranged by the committee. Foreclosure suit brought in N o v . 1916.
— V . 103, p. 1792.
Committee fo r Cincinnati Findlay & Ft. Wayne 1st M . 4s.— F . N . B. Close
{Chairman). P. D. Bogue, Sec.: Bankers’ Trust C o., N . Y ., depositary.
V. 99. p. 1909; V . 103. p. 1210, 1301.
C I N C I N N A T I H A M I L T O N & D A Y T O N R Y . — Th e system as consti
tuted June 30 1916 included 622 miles o f road. O f this there is included
*}}, “ho reorganization o f 1916 the main lines between Cincinnati and Toledo,
200 miles, and the main line branches, viz.: Tontogany to N orth Balti
more, Bowling Green R R ., 19 m.; Deshler to Findlay, 18 m.; and Hamilton
to East Middletown, 13 m.; and also for the Piqua A T ro y branch, 8 m .,
and that portion o f the Dayton and Wellston branch line between Dayton
an.d Ironton Junction, 160 m., a total o f 418 miles o f road, o f which 141
miles is leased from the Dayton A M ich., which see.
O f tho remaining mileage, the Cin. Ind. A Western, 361 m ., has been
separately reorganized; see that company below. Other branches left for
separato treatment were the Cincinnati Findlay A F t. W ayne (but see
above), 91 m.; and Cincinnati Dayton A Ch. D iv., Delphos to D ayton.
95 m ., and other lines. Foreclosure suits were brought under mortgages o f
both companies in N o v . 1916. V . 103, p. 1792.
Receivers, Judson Harmon and Rufus B. Smith. V . 99, p. 47.
E A R N IN G S .— 6 mos.,/1916______ Gross, $5,523,123; net, $1,653,934
July 1 to Dec. 31.
\1915______ Gross, 5,867,011; net, 1,476,068
P L A N .— The plan, dated Feb. 15 1916, was declared operative in A pril
1916. See V . 102, p. 1059. 1346. 1895. I t provides:
Securities to Remain Undisturbed (Compare V. 103, p. 1787.)
Dayton A Michigan R y. Consol. M . 444%, due Jan. 1 1931___ $2,728,000
Pref. stock, guar. 8% p. a. under lease to C . H . A D . R y ___ 1,211,250
Common stock, guar. 344% P- a. under aforesaid lease.......... 2,396,950
Cincinnati Hamilton A Dayton R R .—
2d M . 444 % 50-year gold bonds (now 1st M .) duo Jan. 1 1937. 2,000,000
C H i C A O O & W E S T E R N I N D I A N A R R .— (SeeM ap.)— Ownsa valuable
Gen. M . 5% bonds, due June 1 1942 (all coupons paid June
terminal system affording entrance into Chicago to the roads named below
1916, V. 102, p. 2077: Dec. 1916 coupons cashed by Kuhn,
Its lines extend from Dearborn Station, Polk St.. Chicago, to Dolton 17 m •
Loeb A C o., V. 103, p. 2078_________________________________ 3,000,000
also to Indiana State line, 10 m.; to Cragln, 21 m., and to South Chicago’
New Securities— B. & O. RR. Co. Toledo-Cincinnati Division Bonds.
5 m.; total, 61 m.; total track. Including 2d. 3d, 4th tracks and sidings r>1
5
The B. A O. R R . Co. will acquire all the securities to be issued by the
m.; also owns over 1,200 aorcs of real estate, passenger and freight yards,*
new railroad company: that is, to acquire the main line between Cincinnati
warehouses, elevators, Ac.
Leases.— Th e station terminal properties. Including the "D earborn Sta and Toledo, and branches above described (subject to existing said securi
tion” and Its connecting tracks, are used for freight and passenger business ties), and will issue, as to the property, its own direct obligations. The
under 999-year leasos (which have been in force for many years) by the bonds to bo issued in exchange for the existing securities are to mature in
1959, are to boar 4% interest from Jan. 1 1916 (or if from a later date with
following companies, which own all the capital stock o f the Chieavn A
Western Indiana R R . Co. ($1,000,000 each), viz.: Chic. A Eastern Illinois an adjustment o f interest for the intermediate period), and are to be re
deemable on any semi-annual interest date, in whole or in part, at 10244%
R R ., Chic. Ind. A Louisville R y., Grand Trunk Western R y . Wabash liv
and Erlo R It. Co. The Atcli. Topeka A Santa Fe R y . Co. also uses these and interest. Tho total authorized issue is not to exceed $35,000,000.
Thoso now bonds will be secured by a mortgage executed by the B. A O.
tracks and station under a long-term lease at a fixed annual rental nlusa R R . Co. They are intended ultimately to bo a direct lien upon the main
proportionate maintenance, Ac.
'*
Th e "B e lt Railw ay” division. Including the clearing yard upon which line between Cincinnati and Dayton, upon the leasehold interest in the
the First A Ref. M . bonds (mostly pledged to secure the 2-year 5<7 notes o f main line from Dayton to Toledo under the perpetual lease from the Dayton
1915) aro a first lien, Is operated under a 50-year exclusive lease bv the Kelt A Michigan R y. Co., upon the branch lines embraced in the plan, and upon
R y, Co o f O b'__ _
*-l*''‘*“ o (^ i, i„
i__. ..
.
1 v1
1 0 tho equipment o f the now company, and, in the meantime, by tho pledge
o f all tho Refunding Mortgage bonds to be issued by the new company to
Pennsylvania
an amount equal to the B. A O. bonds issued.
0 0 Ohln n,
The B. A O. (V . 103, p. 2078) will also receive (1) the entire capital stock,
Ohes
and (2) Adjustment A Im provement M ortgage bonds o f the new company.
Chic.
B. & O. RR. Toledo-Cincinnati Diris. Bonds— $16,250,450 Now Issuable.
,
„
____ _________ _
_
G r a n d ------- --- O TN ------- ------merely nn operating company, owning no mileage. Th e lease to the Belt Presently Issuable in exchange for existing securities___________ $11,250,450
R y. Co. provides for an annual rental, of which at least $828,000 is payable T o be issued for cash requirements o f the plan (other than pur
chaso of General M . bonds o f 1939) and purchased by Reor
directly to the trustee o f the First A Refunding M tge. In monthly Install
ganization Managers to provide for maturing equipment obli
ments. this payment to bo increased from time to time by an amount equal
gations, receivers’ obligations, reorg. expenses, impts., A c ___ 5,000,000
to tho interest on all obligations Issued for improvements to tho "B e lt
Division.” Th e operating company must also pay the taxes and interest T o bo reserved to retire at maturity, or earlier, the bonds undis
turbed by the plan, as above recited. or for acquisition o f unon all bonds hereafter Issued for Improvements or additions to said dlv
• deriying stocks, branch lines, branch lino bonds, aid in refund
D IV ID E N D S .—
f '95. '96- ’97 ’98 ’ 99 |1900toDoc31 '16.
ing, or for capital expenditures for equipment, additions and
Percent ...................................... \ 7 4
4 6
6
6
6
6 yearly
botterments, or to acquire First A Refunding M ortgage bonds
o f now company issued for any o f such purposes_____________ 18,749,550
B O N DS.— The General M tge. bonds are drawn at 105 and interest.
The
A O. R
cash to pay
for each old
O f the consol. 4s o f 1902 (auth. issue $50,000,000). $4,785,000 are re GeneralB. ortgage R . Co. fprovided tho became subject$700.86 plan.
M
bond o 1939 which
to the
served to retire general 6s. V . 87, p. 36. 1604. 1603; V. 88. p. 100. 374:
V. 92. p. 394: V 93. p. 1068 V. 97” p. 1425: V. 98. p. 235. 462.
Distribution to Holders o f Existing Securities Other than the B. & O. RR. Co.
Of tho 1st A Ref. bonds of 1912 ($21)0,000.000 autn. issue;, with Interest
Amount.
Existing Securities—
New B. & 0. 4% Bonds. Cash.
5T?i• * i,0-°00,000 are reserved to refund existing bonds.
.
$7,500,000 First A Ref. M . 4s, guar, by B. A 0 .-1 0 0 % $7,500,000
1%
$50,000,000 for additions and improvements to tho Belt division, Including
1.677.000
Do
do
not so guaranteed 85% 1,425,450 ________
Chicago Union Transfer R y .. for $4,400,000. and $100,000,000 for now
17,529,000
Do
do Gen. M . bds. o f1939______
_________ 70% +
terminals and other Improvements. There are $18,497,000 o f these out
3.500.000 Cincinnati Dayton A Ironton 1st 5s. 60% 2,100,000 ............
standing, $17,247,000 being pledged under tho 2-year 5% notos o f 1915
225,000 Piqua A T roy Branch 1st 4s............... 100%
225,000 ........ ..
(see below) and $1,250.000 hold In tho interest o f tho Belt Ry. N o addi
Reorganization managers, Kuhn, Loeb A Co.
tional Mrst A Ref. bonds can bo Issued until the aggregate annual rentals
Foreclosure suits are ponding under Gen. M tge. o f 1909 (V . 103, p.r665.
payable above all oper expenses, taxes. A c., shall equal the Interest In 493) and First Ac Ref. S i. o f 1909.
cluding bonds proposed. V. 101. p. 693, 448; V. 100 p. 1671
In July 1916 suit was brought to foreclose the Cin. Dayton A Ironton
T h e $12,935,000 Z-year’ 5% collateral gold notos o f 1915 aro a closed issue
mortgage. V. 103, p. 320.
secured by deposit of $17,247,000 First A Ref. 5s. A further $1,000,000 i
Depositaries: (a) For First A Ref. M . bonds. Bankers Trust C o., 14 W all
noto issuo was sold Sept. 1 1915. V. 101, p . 693, 448; V. 103, p. 57.
St., N . Y ., and Union o f London A Smiths Bank, L td., 2 Princes St.,
London, IC. C ., Eng. (6) For General M . bonds o f 1939, Guaranty Trust
E A R N IN G S .— 6 mos.,/1916--------Gross, $95,724; not loss, $176,639
Co., 140 Broadway, N . Y ., and 33 Lombard St., London, E. C ., Eng.
July 1 to Dec. 31.
11915..........Gross, 98,146; not loss, 124,099
(c) For 1st M . bonds o f the Cincinnati Dayton & Ironton RR. Co. and 1st M .
R E P O R T .— For year 1915-16, V. 103. p. 57.
bonds o f Piqua
Troy Branch RR. Co., Equitablo Trust Co., N ew Y ork.
Cincinnati Findlay & Fort Wayne 4s.— See that company above.
C I N C I N N A T I F IN D L A Y & F O R T W A Y N E R Y . — Owns Findlay, (),.
to F t . W ay no, I nd., 80.09 m .; also connecting link with the Cin. Ilam A D.
Cincinnati Dayton & Ironton Isi 5s.— Alvin W . Krech (Chairman);
from Dolphos to Mandale, 11.30 miles; yard track and sidings, 11.24 miles.
Equitable Trust Co.. N . Y .. depositary. V. 100, p. 473; V. 102, p. 1346.
F e b ., 1917.)
41
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c., see notes on first page]
C in c in n a ti Iiul & W e stern — 1st M $12,000,000
gold redeemable on any Interest day at 105-xEq.c*
ISquIpment trust $28,000 duo seml-an------------ Eq
do $32,000 due s-a toAnr'21thon$33,000-PeP c*
Cincinnati Inter-Terminal R R — 1st pref stk (see text)
Cincinnati Lebanon & Northern—
1st oon M $1,500.000 g gu p & l end (V 75 p 1398) -xc»
Dayton Lob & Cin B B & T — First M g call 105 ass’dx
Cln A Musk Val— See Cleve Akron & Cincinnati B y.
Cin New Orl & Texas Pac— Common stook $3,000,000
Preferred stock (p&d) 5% cumulative $3,000,000..
Equip trusts Ser O due *50,000 s-a (V 92, p 1031) Bax
Equip trust Ser D duo $90,000 s-an_________________
C in cin n a ti N o rth ern — Capital stock_______________
1st M $3,000,000 gold............ ....... ......... fl.x c*& r
Equip trusts duo $43,000 ann Sept '17 to ’2 5 ~ k.c*
Cincinnati Richmond & Ft W — 1st M gold lnt guar.o*
Clarksburg Northern R R — 1st M g red V. 102. p. 1987
Clearf’ d & Mahoning— Stock 6% rent $1,000,000 autk
First mortgage gold guaranteed B R & P — G.xo*&r
Cleveland Akron & Cin— Stook $12,000,000.----------Olev A k & Columbus gen M (now first) gold----- c*
First consol, mtge $4,000,0001 guaranteed p A I end
gold sinking fund........ ..... ] not guaranteed.xc*
Cln & Mask Val 1st M $2,000,000 g gu s t ----- F.xo*
Cleveland Cincinnati Chicago & St Louis— Com stook
Preferred stock 5% non-cumulatlve-------------------0 I St L & C con M drawn at 105 sink fund 1% ,zo*
Gen 1st M $10,000,000 g s f not drawn..Ce.xo &r
01 Col O & I Gen cons M ($12,000,000) g — Us.xo*&r
Indian & St L 1st M in 3 series of $667.000— Us.zo
Olev Cin Chic & St L W hite W at Val D v 1st g.Ce.xo*
Spr & Col Dlv (Col Spr A Cln) 1st M gold ...C e.xo *
Cairo Division 1st M $5,000,000 gold-------Ce.xo*
St Louis Dlv coll tr gold ($727,000 in s f) .Ce xo&r
Clncin Wab & Mich Dlv first mtge gold— Us.xo*
Gen M 100 years for $50,000,000 gold____ Ba.xo*&
do
Series B ---------------------------------Ch t & St L S L 1st M $3,000,000 gold gu.Ce.xo* &
Springfiold D iv lien held by I ’ ooria & East B y _____
••x" ser. " A " are J. & J.; ser. “ B ,” M. & S.: ser
Miles Date
Road Bonds
284
Text
76
29
Amount
Outstanding
Rate
%
1915 $100 &e $2,675,000
1916
504,000
1916
1,00)
618.0 JO
—
100
825,000
5 g
5 g
5 g
4
M &
F &
A & O
F A
N
A
15
A
1902
1914
4g
6g
M &
M &
N N ov 11942
S M ar 1 1934
1911
1916
Par
Value
1.000
500 &c
100
100
1,000
1,000
1,000
1,000
500
50
1,000
1893
100
600 &c
1887
1,000
1900
1900
1,000
1,000
1898
____
100
____
100
1880
1,000
1886 1,000 Ac
1,000
1884
1,000
1869
1,000
1890
1890
500 Ac
1890
1.000
1890 1,000 &o
1,000
1891
1,000
1893
1893
1,000
1903
1,000
1890
M .& N .
206 1901
1915
86 1871
1911
26
187
1 187/
f
\
148
___
173
391
72
62
45
269
194
204
1.021
1,021
44
136
’ •C.”
Results for Year ending June 30 1916 on Properties Embraced in Reorg. Plan«
The property embraced in the plan shows a surplus available for
rentals and Interest, over (comparo B A O B B _____________ $1,800,000
Deducting interest charges on $16,250,450 o f now B. & O. B B .
Oo. bonds, proposed to bo presently issued under the plan in
respect of such property, and the rentals and interest charges
on the underlying securities which are not to bo disturbed
under tho plan, would loavo a surplus o f over_________________
500,000
— V. 103, p. 320, 493, 665, 1087, 1786, 1792, 2078.)
C IN C IN N A T I IN D IA N A P O L IS & W E S T E R N R R .— Owns Hamilton,
O ., to Springfield, 111.. 284 miles; also Sidell, 111., to W est Liberty, 77 milos;
trackago, West Liberty to Olney, 8 miles; trackage over C. II . & D . B y.
(V . 103, p. 1786) for passenger trains Hamilton to Cincinnati, 25M miles.
On Doc. 1 1915 succeeded Cincinnati Indiana & Western Ry., foreclosed
and reorganized independently o f Cincinnati Hamilton & Dayton B y.
(which owned control o f old c o .), per plan In V. 100, p. 2084; V . 101, p. 47,
1552; V. 102, p. 250; V. 103, p. 1786, 1888; V. 104, p. 361.
S T O C K — V O T IN G T B U S T .— Capital stock auth, common, $7,500,000
6% non-cum. pref.. $7,500,000. Par $100. Tho present issues, $5,350,000
or oach class, will bo covored by a voting trust till Dec. 1 1920 (unloss
previously terminated by voto of tho trustees thereunder), tho voting
trustees being Frederick IT. Ecker, George K . Johnson, II. F. Whitcomb,
L . Edmund Zacker and J. A. Barbey. with the Equitablo Trust Co. as
agont for trustees and Metropolitan Trust Co. as registrar.
B O N D S .— T lio new mortgage is limited to $12,000,000; outstanding,
$2,675,200.
An equipment trust for $560,000 was sold on account o f purchase o f 39
locomotives. V. 102, p. 521; V. 100, p. 2084; V. 101, p. 1553. In April
1916 an additional $650,000 equip, trust 5s was sold in connection with
purchase o f 660 steel freight cars and 9 steel coachas. V. 102, p. 1346, 1435
E A R N I N G S — Dec. 1 1915 to Juno 30 1916, gross, $1,296,706; net!
$241,732.
O F F IC E R S — Pras., B. A . Worthington: Sec., J. G . M oore; Treas..
D . J. Curren.— (V . 102, p. 1435; V. 103, p. 1888; V. 104, p. 361.)
C IN C IN N A T I IN T E R -T E R M IN A L R R .— Owns a road 0.6 in. In length
oonneotlng the Chesapeake & Ohio brldgo and the Cln. Ham. & Dayton
terminals. Controlled by Chesapeake & Ohio R y . Common stook. $10,000
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
& Trust Co. of Cincinnati, as trustee, and rentals paid by Ches. & Ohio and
Louisville & Nashville, and subject to call on any lnt. day after Feb. 1 1915
at 105. V. 79, p. 212; V. 80, p. 1728, 2398,2620. Rentals received for
year ending June 50 1916, $33,497; dlvs.. $33,000: bal., sur., $497. Pres.
Geo. W . Stevens.— (V . 80, p. 2620.)
t
1,368,000
300,000
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
N o v 1 1965
N ew Y ork
Aug '17-Feb '26 N Y , Equitablo Trust Co
A pr '17-Oct '26 PennCoforlns onLives,&c
Feb 1 1917 2% Cincinnati
3.000,000 12Inl916 J &
D Dec 12 1916 6)4
2,453,400 5 In 1916 3— M Dec 1 1916 1)4
450,000
4)4 M&N 15 T o M a y 1921
1,710,000
4)4 g J & D T o June 1 1926
3,000,000
M ar 1 1916 3%
1.000,000
4
J A ,T Julv 1 1951
387,000
5g
\1 & S Sept 1917 to '25
1,800,000
7g
J A D June 11921
321.000
s
5 g
A A O Oct 1 1945
900,000
6
.1 A J Jan 1 1917
650.000
5 g J A J July 1 1943
7,500,000
Dec 1914
4%
1,800.000
5 g
M A s Mch 1 1927
1.023,000
4 g
F A A Aug 11940
511.000
4 g
F A A Aug 1 1940
1.684 ,000
F A A Aug 11948
4 g
47,028,700 See text M A s Sept 1 1910 2%
9,998,500 See text
J— 1 Jan 20 1917 1 f i
584,000
M A N May 1 1920
6
0.844,000
4g
i3— F A ug 1 1936
3.205,000
6 g J A J Jan 1 1934
•*x
2,000,000
7
July 1 1919
650,000
4 g J & J July 1 1940
1,103,500
M & S Sept 1 1940
4 g
5.000.000
4 g J A J Jan 1 1939
9.256,000
M A N N ov 11990
4 g
4.000,000
4 g J A J July 1 1991
1 A D June 1 1993
28.579,000
4g
4,161,00C
J & 1) June 1 1993
5g
A A O Apr 1 1953
3.000,000
4g
4
Apr 1 1940
5,000,000
Penn R R Co, N Y
3d-5th N a t B lf, Clncinn
Cincinnati
do
Bankers Trust Co, N Y
Guaranty Trust C o. N Y
Guaranty Trust Co, N Y
Commercial T r Co Phila
Winslow,Lanler&Co..N Y
U n T r A DepCo, Parktrsb
Checks mailed
36 W all Street.New Y ork
W Inslow.Lanler&Co.N Y
do
do
do
do
Penna R R Co, N ew York
Treas office. N ew Y ork
do
do
do
do
do
do
da
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Treas. office . N ew Y o rk
erated (Jan. 1915) by Grand Rapids & Indiana R y . Rental, net earnings.
Int. Is guaranteed by the Pennsylvania Co. and Pitts. Cin. Chic. & St. L Co.
Jointly (the P. C. C. & St. L . taking the place of the Cin. H am ; & Dayton
In 1888). Stock, $2,186,600 (par $50); Penn. Co. owns $1,277,000.
Year ending Dec. 31—
Gross.
Net.
In t., Ac.
Dal., Sur.
1915........ _ ...................... .$827,262
$198,330
$188,540
$9,790
1914................................... 867,453
190,982
189,231
1,751
C L E A R F IE L D & M A H O NING R Y .— (See M ap Buf. Roch. A P itts .)—
Owns road, completed In 1893, from Du Bols Jet., Pa., on Buf. R . & P., to
Olearfield on Beecn Creek R R ., 26 miles. Leased during corporate existence
and renewals thereof to Buffalo Rochester & Pittsburgh— which see— at a
rental payable in gold and equal to 6% on $1,000,000 stock, par S50. and 5%
on bonds, the latter being guar., p. & 1., by endorsement.— (V . 89, p. 1141.)
C L E V E L A N D A K R O N & C IN C IN N A T I R Y .— (See Maps of Pennsyltanla R R .)— Owns from Hudson, O , to Columbus, O., 144 miles; Klllbuck
to Trlnway. 34 m.; Morrow to Trlnway, 148 m.; Apple Creek branch, 9 m.;
total owned, 335 m. Owns a fourth Interest In Akron & Barberton Belt
R R .. 24 m.. and half Interest In Zanesville Term R R ., 5 m. V. 76. p. 435.
A consolidation July 1 1911 of the Cleveland Akron & Columbus R y . and
Olnolnnatl & Muskingum Valley R R . Pennsylvania Company owns $7,
498,487 of the $7,500,000 outstanding stock. Operated b Pennsylvania
Oo. under arrangement terminable on 6 mos.’ notice, the net earnings to
go to C. A . & C. V. 93, p. 1669. First dlv., 2% , paid Sent. 25 1911.
in 1912.6% (M .& S .); 1913, March. 3% ; 1914 & 1915. none; 1916. Dec. 4% .
Of Cleveland A k. & Col. 1st consol, gold 4s of 1940 (Commercial Tr. Co.,
Phila., trustee), $1,023,000 are guar., p. & 1., by the Penn. Company;
$1,800,000 are reserved to retire the gen. 5s due 1927: V . 71. p. 390: V. 76.
p. 653: V . 77. p. 1746, 2280.
Penn. Co. also guarantees Cln. & Musk. Val. bonds; see form. V . 76. p.
653. Car trusts Dec. 31 1916, $7,829. In 1915, gross, $3,851,290; net,
$607,229; other income, $84,149; charges, $391,193; sinking fund, $31,534;
bal., sur., $268,650— (V . 96, p. 1364. 1697; V . 98, p. 522.)
C L E V E L A N D C IN C IN N A T I CHICAGO & ST. LO U IS R Y .— (See Maps
N . Y . Central Lines.)— R O A D .— Radiates from Indianapolis. In d .,
westerly to Chicago, Peoria, Cairo, 111., St. Louis, easterly to Sandusky,
Cleveland, Columbus and Cincinnati, O., and southerly to Louisville.
Owned Directly—
Miles.
M iles
Cleveland, O., to Columbus, 0 — 138 Evansville M t. O. & N o r. R y ___33
2
Gallon. O.. to Indianapolis______ 203 Saline Valley R y ________________
Springfield to Indianapolis_______136 Cincinnati Sandusky & Cleve. R R .—
Delaware to Springfield___________ 50
Sandusky, O., to D ay’n, O.. &C.170
Cincinnati to Lafayette__________ 170
Trackage Into Cincinnati, &o.
65
Indianapolis to Terre H aute_____ 71 Trackage into Jeffersonville____
52
Harrison Branch_________________ 7 Trackage into Toledo (V . 79, p.
Cairo to D anville________________ 260
1023, 2696).......
47
Terro Haute to East St. Louis___190
Hillsboro to Lenox________________ 44
Total Included In earnings..2,384
Dayton to Ludlow Grove_________ 47
Operated; earnings kept separate—
Springfield to Columbus__________ 45
Other______________________________85 Cincinnati Northern____________ *206
Leased— (x entire stock owned) —
Kankakee & Seneca R B ______
42
Cincinnati Lafayette & Chic. R y_ 57 Mt. Gilead Short L in e_________
2
White W ater— Harrison, Ind.. to
Loulsv. & Jeffersonv. B rid g e..
*4
Hagerstown, In d ______________x63
Cincinnati Wabash & M ich. R y .—
Total of system Dec 31 ’ 15.-2,638
Benton lia r, to Rushv., Ind.x204 Trackage 1 . Cent. Into Chlc.l
11
Leased and Controlled—
On percentage basis_______ J
56
Peoria & Eastern B y .—
Operates Independently—
47
Springfield, O ., to Pekin, 111..201 Dayton & Union R R .* _________
Vernon Greensb. & Bushv. R R .—
534
Double track____ ______
•See this company.
Rushville to N o . Vernon, In d . 44
C IN C IN N A T I LE B A N O N & N O R T H . R Y .— Owns Cincinnati. O .. to
Dayton, 56 m.; from Middletown June, to Middlotown, O., 14 m.; Ilom pstoad to Olomont, O.. 5 m.; branch, 1 m.; total, 76 m. V. 99. p. 1831: V.
100. p.139.
Stock. $2,100,000. as increased Jan. 1915. all outstanding
and owned by Pennsylvania Company. V. 75, p. 980: V. 100. o. 53
D iv. o f 3% paid in 1906. '09 <cJ10: 11 & ’ 12. 4% ; '13, 5% ; '14, 3% ; '15,
S
none; '16, 4% . V .99, p. o3.
1 he $1,500,000 1st cons. 4s are guar,
p . & i. by Pennsylvania Company, V. 77, p. 86; V. 98, p. 610. Tho D av
Leb. & Cln. B B . & Term . Co. bonds have been assumed. Cal year 1915gross, $680,856; net. $87,388; other income. $46,480; charges, $108,608;
surplus, $25,260.— (V . 100, p. 900.)
C IN C IN N A T I NEW O R LE AN S & T E X A S P A C IF IC R Y .— (See M ap or
Southern R y .)— Operates Cincinnati Southern R y ., owned by city of Cin
cinnati, Cincinnati to Chattanooga, Tenn., 335 miles; trackage, 2 m. Owns
entire stock of llarrlmaD & N . E. R y ., 20 m., op. separately. V.77 p 1743
In 1901 lease was extended 60 years to Opt. 12 1966; rental until Oct. 12
1906 was modified beginning July 12 1902 to $1,050,000 yearly, tho re
H IS T O R Y , &c.— A consolidation of the Cincinnati Indianapolis St. Louis
maining $50,000 per quarter to be deferred as It accrues and to be paid quar
& Chicago Railw ay Co., the Cleveland Columbus Cincinnati & Indianapolis
terly at rate of $40,000 yearly, with lnt. on def’d payments at 3% ; rental
under ronewal to be $1,050,000 yearly for first 20 years, then $1,100,000 for Railway Co. and the Indianapolis & St. Louis Railway Co., made In July
20 years; thereafter $1,200,000. V. 73, p. 722; V. 74. p. 1251; V. 95. p. 1889, per plan In V. 48, p. 427. Of the com. stock, $30,207,700 was In Jan.
1916 owned by the N . Y . Cent. B B . V. 72, p. 86: V . 82, p. 749, 1912-13
1402. Pref. stock has no voting power. V . 74, p. 528, 829.
purchased subsidiaries (V . 95, p. 418. 890, 1472; V . 97. p. 1114, 1821.
D IV ID E N D S .— /1903. 1904. 1905. 1906. 1907-T0. ' l l . '12-’ 15. '16.
The company is also one-eighth owner of Peoria & Pekin Union R y .
Com m on----------- %\ 2
2
5
5)4
5
8
11 y ’ly
12 (through the Peor & East. R y .), one-fo*rtcenth owner In Terminal R R .
Dividends on common stock, since 1912 somi-annually (J. & D .), 3%
Association of St. Louis, and two-fifths owner of Indlanap. Union R y ., and
and 244 % extra. In Dec. 1916 paid 3% regular and 3)4 % extra. V. 103 part owner of Cent. Indiana R y .. Cent,, Union Depot <c R y . of Cincinnati,
S
p. 1980.
.
Union Depot of Columbus. Dayton Union R y ., Dayton A Union R R .. MunSTO C K .— Common, $3,000,000, controlled in Interest of Southern R y . cio Belt B y ., operated independently. Shareholders voted Dec. 4 to pur
chase the control o f Saline Valley B y. and Evansville M t . Carmel & N orth
and Cincinnati Hamilton & Dayton R y . V. 61, p. 26; V. 65. p. 1173.
ern B y . V. 103, p. 1888, 2155.
L A T E S T E A R N IN G S .— (1916......... Gross, $6,153,374; net, $2,133,515
6 mos., July 1 to Dec. 31. \1915______Gross, 5,194,416; net, 1,368,390
D IV IS .1 ’01. ’ 02 t o ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. ’ 13. 14-’ 15. '16. '17.
C o m „ % f 3)4 4 yearly
1
2
2
0
0
0
0
____
A N N U A L R E P O R T .— For year ending June 30 1916, V. 103, p. 1977.
Year—
Gross.
Net.
Oth. In c. Rentals. A c. lHvs. Pal.,Sur.
P re f
%J 5
5 yearly 5
5
5
5
5
ZM
0
2)4 textDlvidcnds on pref. stock in 1916, 1 )4 % , in July and again Oct. 1917,
1915-1G— $11,060,439 $3,087,015 $524,131 $2,360,815 $451,570$798,762
1914-15— -- 9,422.252 2,241.689 366.403 2,142,379 451 570 14.143 Jan., 1 K % .
Dividends Include yearly $122,670 (5 % ) on pref. and $328,900 (11% ) on
B O N D S .— St. Louis Division bonds, see deed o f trust, V . 52, p. 42-45.
common stock.— (V . 102, p. 1539; V. 103, p. 1977, 1980.)
Tho 100-year mortgage is limited to $50,000,000. On Dec 31 1914
C IN C IN N A T I N O R T H E R N R R .— {See Maps New York Central Lines.)
.$17,090,000 gen. 4s were reserved for prior Hens (exclusive o f Cairo division,
— Owns Franklin, O.. to Jackson, M ich., 205 miles; branch. LewisPeoria Division, Michigan Division and the St. Louis Division west of Terre
burg, O., to quarries, 1 m.; trackago (C . O. O. & St. L .), Franklin to Cin H au te), and tho balance for equipment, construction and betterments, & c.,
cinnati. 38 miles; at Jackson. 1 mile. On Jan. 1 1916 Clov. Cin. Chic. & $1,000,000 yearly. See V . 79. p. 733; V. 83. p. 379; V. 87, p. 1010; V . 90.
St. L . owned $1,707,460 o f the $3,000,000 stock and $581,000 bonds. p. 626, 1044: V . 94. p. 1118; V . 97, p. 1114: V .9 8 , p. 1459: V . 101.'p.2144.
Equip, trusts, see V. 101. p. 1713. Dlvs. M ar. 1910 and 1911. 2% ; 1912 Guar. Chic. Ind. & St. Louis Short Line B y .. Cent. Ind. R y and
and 1913, 1)4 % : 1914 and 1915. none; 1916, 3% M ar. 1.
Springfield Union Depot Co. bonds. V . 77, p. 510. 617, 769, 1363. 2280;
V. 78, p. 1906, 1961: V. 79. p. 2589: V . 95. p. 1541.
.
R E P O R T .— Report for cal. year 1915, V. 102, p. 1436.
As to tho $9,650,181 4s sold M a y 1910. payable In francs, and $10,000,000
Year—
Gross.
N et.
Otherlnc. In t.,A c .
Surplus.
4)4s sold in June 1911, see V. 89. p. 720, 778, 1141; V . 90, p. 1238, 1296,
1915........................ $1,628,641 $352,212 $11,224 $172,761 $190,675
1424, 1554; V. 91, p. 1710: V. 92. p. 1700.
1914 ......................... 1,471.472
185.945
— (V . 102. 608. 800, 1436.)
Guarantees Evansv. M t. Carmel & Northern B y . bonds. V . 95, p. 890.
C IN C IN N A T I RICHM OND & FORT W A Y N E R R .— Owns from Rich
Guarantees Jointly with other roads Gen. & Ref.bon ds o f Indianapolis
mond. Ind., to Adams, Ind.. 86 m.; leases 5 m. of P. F t. W . & C. Now op Union R y ., which see, V . 100, p. 555.
42
M iles Date
Road Bonds
R A IL R O A D C O M P A N IE S
lF or abbreviations, A c ., see notes on first page]
Cleve Cine Chic & St Louis (Concl)— Debentures----Debentures ($10,000,000 authorized)____________ x
Big Four R y equip trust due $373,000 yearly G .c*
do do equip trusts g guar due $115,000 yearly
Obligations o f Proprietary Lines.
Clnolnnatl Sandusky & Cleveland— Preferred stock.
Consol (now first) mtge $3,000,000 g old._A B .zo
Central Indiana 1st M (guar )4 o f $1,500,000)-C e.xf
Evansv M t Oar A N o 1st M $5,000,000 gu Cl.xc*Ar*
Louisville A Jeffersonville Bridge 1st M— See thatCo
Indianap Un R y Gen & R ef M $10,000,000 See text
Cleveland Columbus Cincinnati & Indianapolis— Cleve
C leve L ora in & W h e e lin g — See Baltimore A Ohio
Sieve & M V— Cons M (now 1st) $3,000,000 g.C e.xoAr
Cleve & Mar— See Toledo Columbus A Ohio R lv . R y.
Cleve & Pittsburgh— Stock 7% guar by Penn R R Co
Stock 10% guaranteed by Penn R R C o -------------Special betterment stock $28,738,135 authguar4%
Gen M $10,000,000 g old ..F IS eries A A B ------ xc*
Guaranteed prln and Int ISeries C A D ------ xo*
(endorsed) Penn R R ..J S eries B lnt reduced.x
C levela n d S h ort L in e— See N ew York Central R R
Cleveland Terminal & Valley— See Baltimore & Ohio.
Coal Sc Coke— First mortgage $5,000,000 g o ld -----x .
Coal Sc Iron— See Western Maryland. Coal River Ry
Colebrookdale— 1st M $593,400 und Read M ot 1897.0
Colo Midland— 1st M $10,000,000 (V 71, p 139).Ce.xo*
Colorado S Southern— Common stock $31,000,000___
c
First preferred 4% non-oumulatlve $8,500,000----Second preferred 4% non-oumulatlve $8,500,000..
First mortgage gold $20,000.000__________ Eq.zo*
Ref & E xt M $100,000,000 gold red 101 . .Ce.xo* Ar*
Equip bonds ser A due $52,000 s-a red 1 0 1 _____Gx
Lines Controlled by Ownership o f Practically Entire
F t W orth & Denver C ity 1st mortgage g old. B a.zc*
Equip trust Series B due $19,000 s-a red 101-G.x
Eq tr Ser O $56,000 s-a rod aft M a y ’ 20 102 )4 . PP
Ft YV& D on vT or Ry Is tM $2,500,000 call 105 Baxc
Col Spgs & Crip Cr D R y — 1st M $2,000,000 gsfCez
First consol mortgage $3,600,000 g o ld -.G .x c A r
x Series " A , ” J & J: “ B” A & O. y “ C” , M A N :
—
Par
Value
Gross corporate incomo___________ $10,448,938
Rentals o f leased linos_______________
$571,041
Interest on bonds, A c ________________ 5.089,110
H ire o f equipment, incl. interest____
556,184
Other rents_________________________
704,150
M iscellaneous_______________________
207,525
Dividends on preferred_____________
_________
Amount
Outstanding
1910 500$frAo
1,000
1911
1914 1,000 Ac
1.000
1915
$9,650,181
5.000,000
4,819,000
1,495.000
50
1,000
1,000
428.997
2,571,000
750,000
2.118.000
170 1888
118 1903
1910
Rate
%
4
4)4g
6
5 g
Last Dividend
and Maturity
When
Payable
J
J
J
J
A
A
&
&
M A
6
5g J A
M A
4g
4)4 g J &
D June 1 1930
J Jan 1 1931
D T o June 1929
J July 1917-1929
N
J
N
J
N ov
Jan
May
July
1
1
1
1
Places Where Interest and
Dividends are Payable
Morgan, HarjesACo, Paris
Treas office. New Y ork
Guaranty Trust Co N Y
Comm T r Co, PhiladelTa
1916 3% Troas office. N ew York
do
do
1928
Central Trust Co, N T
1953
(A ll owned by Big Four)
1960
and I ndiana polls St Louis & Chi cago— Se e Clevela nd Cincinnati C hloago & St Louis
RR
Winslow, Lan A Co.,N Y
1.000 Ao
2,936.000
5 g See text. Jan 1 1938
123 1888
205 ) i 1892
205)4 '98-00
205)4 1892
50
50
50
1,000
1,000
1,000
1.000
197 1903
— See Chesap eake & O
100 AO
13 18bs
1.000
261 1897
100
100
m
100
1882
1,000
1,048 1899
100 Ac
Text
1905
1,000
1907
Capita l Stock
1,000
454 1881
1,000
1907
1,000
1915
1,000
1907
1,000
74 1900
1,000
1902
F & A.
Jointly with five other roads covenants to pay N ew Y ork Gontral Lines
$71,494,000 equipment trusts o f 1907. $1,480,139; 1910, $1,597,007; 1912,
$1,598,902. $1,■■>84,071. V. 85, p. 1401; V. 86, p. 168; V. 88, p. 761;
V . 90, p. 1677; V. 93, p. 1726.
In M ay 1914 $5,600,000 5% eaulDmont trusts were authorized, due about
$362,000 yoarly Juno 1 1915 to 1929, o f which $3,870,000 was sold thon and
$1,495,000 in Juno 1916. V. 102, p. 2077; V. 98, p. 1693; V. 100, p. 397.
G E N E R A L F IN A N C E S .— Capital stock per mile of road owned, di
rectly or through proprietary cos., Dec. 31 1915, $31,454; bonded debt,
$55,419. Prof. dlvs. resumed In 1916.
E A R N IN G S .— For 11 months to Dec. 31:
Gross.
Net.
Other In c.
Charges.
Hal., Surp.
1916..............$43,720,082 $12,654,491 $1,319,728 $6,510,473 $7,463,747
1915.............. 34,596,138
8,013,379 1,150,193 6,659,140 2,504,432
R E P O R T .— For 1915 (incl. Peoria & Eastern R y .), V. 102, p.1430, 1447.
1915.
1914.
1913.
Year ending Dec. 31—
.
2.381
2,381
2,365
M iles operated_______________
$38,364,087 $35,365,691 $37,613,498
Railroad revenues____________
. $9,314,103 $4,878,730 $3,398,315
Operating Incomo (after taxes)
. 1.134,835
933.198
816,196
Other incomo_________________
$5,811,928
$575,901
4.632.909
1,706.712
755.126
114.968
$4,214,511
$587,116
4,243,068
1,399,335
700,167
133,786
(2)4)250,000
Balance surplus or deficit______ sur .$3,320,929df$ 1,973.687 df$3,099,661
O F F IC E R S .— Pres., A . H. SmIth;V .-Pres., A . H. Harris. YV. K . Van
derbilt Jr.; Sec., Dwight W . Pardee; Treas., M ilton S. Barger, N . Y .
Directors.— YVilliam K . Vanderbilt, YVm. K . Vanderbilt Jr., Fred’k YV.
Vanderbilt, Chauncey M . Depow, A lfred II. Smith, Goo. F. Baker, YVm.
Rockefeller, W m . H. Newm an, H . S. Vanderbilt, R . S. L o v ett, Walter P.
Bliss, YV. C. Brown, N ew York; Frank J. Jerome, Cleveland; Leonard J.
Hackney, Harry A . Worcester, Cincinnati.— V.103, p. I0 3 l, 1885, 2155.
C L E V E L A N D & MA HO N IN G V A L L E Y R Y .— Owns from Cleveland, O.,
to Penn. State line, 81 m. (57 double track): Niles, O., to Lisbon, O.
36 m.; Girard to Youngstown, O., 6 m. Leased to Nypano R R . (formerly
N . Y . Penn. & Ohio) till 1982; rontal $525,967 per ana. Tho shareholders
were to voto Fob. 15 1917 on (a) issuing $2,851,800 prof, stock to provide
for Improvements, elimination o f grade crossings, &c., (ft) making a modi
fied loase for 999 years from Jan. 2 1917 during tho corporate existence, and
all extensions thoreof, to tho Nypano R R . Co., a subsidiary o f tho Erio R R .
Co. V. 104, p. 163. Coup. int. is J. A J., registered lnt., Q.-J. Stock is
$3,259,200, o f which $3,258,400 Is held by “ Atlantic First Leased Lines
Rental Trust C o., L im ited ,” o f London. Dividends: in 1906 to 1911,
11.40%; 1912, 8 M % : 1913, 11.20%; 1914, 11.25%; 1915, 11.40%; 1916.
11%-— (V . 63, p. 968; V. 104, p. 163.)
C L E V E L A N D & PIT TS B U RG H R R .— (See M ap Pennsylvania R R .)—
Cleveland, O., to Rochester, Pa., 124 miles; branches: Bayard, O., to Ros
well, O., 39 m.; Yellow Creek to Bellalre, 43 m.: trackage. Rochester to
Plttsb. (P . Ft. W . A Chic.), 26 m.; other trackage. 23 m.: total, 255 miles.
L E A S E .— Leased for 999 years Dec. 1 1871 to Penn. R R . Co., ana lease
transferred to Pennsylvania Co. Rental: dividends on stock. Interest on
bonds and organization expenses
■
‘Special guaranteed betterment stock”
(subordinate to the original stock as to dividends only), with dividends of
4% guar, by the Penn. R R ., is Issuable for impts. V. 79, p. 2205, 2642;
V. 83. p. 625; V. 85, p. 1082: V. 87. o 812: V. 91. p. 1446; V 93. p. 1785:
V . 96, p. 135; V. 97, p. 1425; V. 98, p. 999; V. 100, p. 1348. O f tho special
guaranteed 4% stock, Penn. Co. owned on Dec. 31 1915 $5,771,750.
V. 101. p. 1464, 448; V. 92, p. 1031, 1108.
B O N D S .— Generals are all equally secured; guaranty. V. 56, p. 604.
E A R N IN G S .— In 1915. gross, $11,360,635; net, $3,508,621; profit to
essee, $1,732,677.— (V . 101, p 418, 694, 1464; V . 103, p. 578.)
C L E V E L A N D U N I O N S T A T I O N (Proposed).— See V. 101. p. 1370,1552.
C O A L & C O K E R Y .— Owns from Elkins, YV. Va., to Charleston, YV. Va.
175.6 miles; M able to Bellington, 1 1 m .; branch, Gassaway to Sutton,
6*.
6.5 m.; total, 198.2 miles. About 100,000 acres o f coal lands aro owned.
In Fob. 1917 control o f tho company was sold to N ew York interests. See
officers below. Three-milo cut o ff connecting with B .& O. R R . at Buckhannon and purchaso o f 1,000 coal cars is proposed.
Stock, common, $10,000,000, all outstanding; 5% pref., $10,000,000
authorized Oct. 1907, o f which $8,881,800 issued to purchase $6,300,000
bonds and settlement o f other debts; bonds reduced to $5,000,000, o f which
$941,000 In treasury. V. 85, p. 1005. Mortgago covers road and coal lands.
V . 78, p. 47. Loans and bills payable June 30 1916, $1,697,882.
R A IL R O A D E A R N IN G S — 6 mos.,/1916-Gross, $595,959; net, $101,999
July 1 to Dec. 31.
\l915.Gross, 545,060; net, 105,626
R E P O R T .— Y r. end. June30 1916showed: Gross, $1,099,531; net, $240,
222; other incomo, $175,919; int., taxes, Ac., $386,810; bal., def., $29,331.
Pres., Chas. D. Norton (V.-Pres. 1st N at. Bk., N . Y . C ity); V.-Pres.,
Arthur Leo, Elkins, YV. Va.; Sec.-Treas., C. II. Ilendley, YVashington,
D . C. Among the directors are: Edward D. Kenna, Edward E. Loomis,
V.-Pres. o f D. L . A YV. R R . Co., and John L. Kemmerer o f YVhitney A
Kemmerer, leading coal dealers, all o f N ew York.— (V. 104, p. 663.)
CO LE B RO OK DA LE RR.— Pottstown to Barto, Pa., 12.81 miles. Leased
so Phlla. & Reading R y. Common stock. $297,215; par, $50.
C O L O R A D O K A N S A S & O K L A H O M A R R . — Owns acott City to
Winona, Kan., 52 miles. In Feb. 1914 contract was let for extension from
Garden C ity to Forgan, 140 miles. V. 98, p. 689. Incorporated In Kansas
July 1913 and took over tho Scott C ity Northern R R ., foreclosed Aug. 6
tV ol . 104
RAILWAY STOCKS AND BONDS
11,228.300
9,450
17,316,100
4,561.000
3.980,000
349,000
7
Q—M
10
L— M
4
Q— M
X
4 )4 g
3 )4 g
r
3Y4 g A A O
4.059.000
5 g A
hlo.
J
600.000
6
9.532.000
4g J
31.000,000
8.500.000 .............. A
8.500.000
F
19,402,000
4 g
30.803.900
4)4 v M
52,000
A
5
J
A
M
J
J
A
8,176,000
19,000
1,008,000
300,000
1,364,000
1,379,000
6g
5
4)4
6
5g
5g
Winslow, Lan A Co, N Y
M a r l 1917
do
do
M ar 1 1917 )4
do
do
Doc 1 1916 1%
do
do
Mar-Oot 1942
do
do
1948-1950
do
do
Oot 1 1942
A
O Apr 1 1919
Elkins, W Va, or Balto
A
A
A
A
A
D Ovordue
J July 1 1947
Deo 31 1912 1%
O Oct 10 1916 2%
Oct 1 1913 2%
A Feb 1 1929
N May 1 1935
O Apr 1917
Reading Terminal, Phlla
July '12 coupon last paid
Office 26 Liberty. N V
do
do
do
do
do
do
do
do
Guaranty Trust Co. N Y
A
&
A
A
A
A
D
O
N
D
J
O
O ffice, 26 Liberty St, N Y
Guaranty Trust Co, N Y
F idelity Trust Co, Phlla
Office, 26 Liberty St, N Y
Chom Bk, N Y , A Col Sp
do
do
A
Dec 1
April
N ov 1
Doc 1
Jan 1
Oct 1
1921
1917
1925
1937
1930
1942
1913. V . 97, p. 445. Details of securities not decided upon in Juno 1915.
Pros., YV. C. Fordyce o f St. Louis; V .-P . & Treas., Frank S. Yantis o f
Scott C ity, Kan.; Sec., YV. V. Dolahunt, St. Louis.— (V . 98, p. 689.)
COLORADO M I D L A N D R Y . — (.See M ap Col. A South.)— Owns from
Colorado Springs to New Castle, Col., through Busk-Ivanhoe tunnel, 221.92
miles; branches. Basalt to Aspen, 19.37 m.; Cardiff to Spring Gulch, 15.01
an.: Arkansas Jot. to Lcadvllle, 4.80 m.; total owned, 261.10 miles. Leases
Rio Grande Jet. R y., Rifle Creek to end R. G. J. R y., 62.08 m.; trackage
to Rifle Creek, A c.. 14.46 m.; total operated, 337.64 miles. On Dec. 13
1912 George YV. Vallery was maderecelver. V. 95. p. 1683: V. 98, p. 1766.
Foroclosuro decroo was entered in Fob. 1917. V. 104, p. 663.
Bondholders' Protective Committee.— J. N . YVallace, Chairman; James N .
iarvle, Harry Bronner, W . de Lancey ICountze, Francis L. Leland, B. A ymar Sands and Clark YVIlliarns. Secretary, O. E. Sigler; Central Trust
O b . N Y ., depositary. V. 95. p. 1331, 1402, 1683; V. 96. p. 201. 652:
$4,690,000 o f bonds deposited Feb. 14 1917. Last coupon paid July 1912.
O R G A N IZ A T IO N .— Successor Oot. 1897 to the Colorudo Midland R atl'oad, foreclosed and reorganized per plan In V. 64, p. 1224. 1226. In May
1900 a majority of the stock. If not the entire Issue, was purchased by a
lyndlcate In the Joint interest of the Colorado A Southern and Denver &
Rio Grande
V. 70. p. 686, 791, 997. 1290: V. 71. p. 28: V. 73, p. 1111.
Early in 1912 tho Colo A Sou sold its one-half Interest to Blair & Co. V
95. p. 1683: V. 99. p. 342. Pref. stock, $6,000,000; common. $4,000,000.
E A R N IN G S .— 6 m os.,/1916___________ Gross, $992,668; net, $81,429
July 1 to Dec. 31.
\1915-................Gross,
842,614; n e td o f,19,543
Balance.
Charges.
Year—
Cross.
Net.
M lsc.Inc.
$21,813 $162,688 dof
$65,265
1915-16..............$1,516,758 $75,610
184,230 dof. 11.210
15.416
157,604
1914-15 ............. 1.698.780
196,797 def. 140,683
23,744
1913-14 ............. 1,761.981
32,369
373,483 dof. 192,817
10,160
1912-13 ............. 1,828,335 170.506
O F F IC E R S .— Recr., Geo. YV. Vallery; Troas., Harry L. Hobbs;
Aud., YV. S. Wing, Denver, Colo.
Directors.— Geo. YV. Vallery, Henry T . Rogers, Samuel O. Mathews.
Edwin Gould. YVlnslow S. Pierce, E. T . Jeffery and Chas. H. Schlacks.—
(V . 98, p. 1766; V. 99, p. 342; V. 101, p. 1370; V. 104, p. 559, 663.)
C O L O R A D O & S O U T H E R N R Y . — Company oporates a system from
Guernsoy, YVyoming, through Colorado to Fort YVorth, Galveston, Hous
ton, Dallas, &c. Total Juno 30 1916, 1,842 miles, viz.: (*which see):
Controlled—
740 M ties
Lines operated—
1.102 Miles.
D enver,Colo., to Guerasey_____ 249 Denver & Intcrurban R R ______ 29
Denver. C ol.,to Texas StateLlne_347 Fort YVorth A Denver C ity______*454
Donver, Col., to Leadviile, C o l..152 YVIohlta Valley R y _______________ *52
Denver, Col., to Silver Plume,Col. 55 YVlchlta Falls A Oklahoma.............23
Other lines, branches, Ac. (84
YVIchlta Valley R R ........................ 61
narrow gauge)_________________ 299 Abilene & Northern----------- — 39
Stam f.A N .W . R y .(V .s o . p.1281) 82
Leases Colorado Springs A Cripple Creek Dist. R y ., 74 miles (owned) to
Cripple Creek Central R y . V. 94, p. 123. As to Colorado M idland, sco
that company.
In April 1906 acquired a one-half interost In tho Trin ity A Brazos Valley
Ry.,ow ning a line from Cleburne to H ou ston,Tex.,236 miles, with branch to
YVaxahatchio, 67 miles. In Dec. 1916 brought suit against Ch. R. I. A
Pac. R y. to compel payment o f lattor’s sharo ($5,889,718) o f cost o f building
tho T . A B. V. R y.; also o f othor Items. V. 103, p. 2428. See that co.
and V. 98, p. 1920.
O R G A N I Z A T I O N . — Reorganization Jan. 1899, V. 67, d . 748.
In
Deo. 1908 the Chloago Burlington & Quincy acquired $23,657,500 common.
V. 87, p. 1663. 1604: V. 88, p. 158, 685.
Owns a large majority of the com. stock of Fort Worth A Denver City
R y ., which see. Controls Denver A Interurban (Electric) Railway,
which owns 20 miles, and operates 31 miles of Col. A Sou., which has becD
electrified, under lease. V. 87. p. 950; V. 89, p. 934.
D IV S. 1’01. ’02. ’03. ’04.
01.
1st pref % |3Y4 3)4 4
2
2d pref. %
..
C o m m o n % 'i . .
..
..
Dividends were resumed In
’05.
0
__
..
Oct.
'06. ’07. ’08-T1. ’ 12. 13. ’ 11-15
1916.
4
4 4 yrly 4
4 None O ct,2%
..
4 4 yrly 4
4 N one _______
- - . . 2 yrly 1
0 None ______
1916 with 2% on 1st prof. V .103,p .1117,
BO N DS.— 1st 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 Issuablees follows
For Refunding bonds and equipment obligations of system -------$36,850,000
For betterments and Improvements, including equipment, at tho
cum. vearlv rate o f $500 per mile of operated A controlled lines 15,000,000
For reimbursement of the treasury of the company, A c ----------2.500.000
For acquisition of additional property (Including proper provi
sion for the cost of double-tracking parts of the main lin e s).. 45,650,000
The Refunding bonds are secured by a first lien on all the bonds and prac
tically all the stock of the cos. owning about 706 miles of road. Including tho
YVIchlta Valley lines and the Trinity & Brazos Valley R y.; also, by dlrcot
lien, subject to the first mortgage, on about 1,042 miles of road owned by
the Colorado & Southern and on the stock ot subsidiary cos. whose bond*
are not pledged under the mortgage, owning 556 miles of read, making
1,604 additional miles, on which there are outstanding $30,803,900 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
ner mile. V. 80, p. 1791; V. 91. p. 462, 214; V . 93, n. 1021.
O f tho Fort YVorth & Donver Term inal bonds, $728,000 havo boon Issued,
$300,000 sold and $428,000 held by F t. YV. A D . O. R y. V. 86, p. 52, 1100,
V. 87, p. 949.
E A R N IN G S .— Including F t. YVorth A Den. C ity and all affiliated linos.
Six months from/1916_____________ Gross, $9,065,522;
not, $3,789,549
July 1 to Dec 31-\1915..................... Gross, 8,303,555;
not, 3,134,305
RE F O R T .— Report for 1915-10 at length, showing operations o f system,
including the F t. YVorth & Denver C ity and Col. Spr. & Crip. Cr. Dlst.
F e b ., 1917.)
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
lFor abbreviation*, <fce.. fee notes on first page]
Af lies Date
Road Bonds
C o lo Sp rin gs & C rip p le Cr D ist R y — See Colo & So
C ol W yom & Bast— Bar. II . Pk A P 1st M g - A B .z c *
1st A lie f M $2,600,000 gold rod 102 _______
Gen M (income) $1,600,000 gold red par text_____
Coluni Newly & Laurens— 1st M $12,000 per m .SBaz
Columbia & Greenville— See Southern R y —
Columb
Columbus & Xenia— Stock 8% rental___________ .
Concord & Claremont (N H ) — First m ortgage_____ zc
Concord & Montreal —Stook Class 1 (B C & M p r e f)..
Stock Class I I (B C A M new) _ .
Stook Class I I I (B C & M old stock)
Stook Class IV (Concord) (text)
Concord A Montreal cons M for $5.500.00()-BB.zo
Dobon bonds cur. ($650,000 4s; $400,000 3 H s )..z c *
do
do $500,000 3 H-s; $200,000 5s_____ z
Concord & Portsmouth— Stock 7% rental 99 years..
Conn & Passumpsic— Pref stock 6% rental 99 yrs-.o*
First mortgage $1,900,000 gold...................
zo*
Massawlppl stook guar same dlv as Conn & Passutnp
Newport & Rlchford 1st M gold guar by C A P .zo'
Connecticut River— Stook $3,670,300 authorized—
Bonds not mortgage for $1,000,000 gold_________ zo
Bonds not mortgage_______________________________z
do
do
_____________________________ z
Notes, extonded 45days June 1916 (V . 103, p. 7581 .z
Vermont Valley R It notes guar ext 45 days J’no 1916
Conn (Pliila) — 1st M $15,000,000 guar p& I G P.kvc*
Conncllsvillc & Monong— 1st M g s f red par.U Pi xeAr
Cooperstown & Susq Vail— 1st M $200,000 Int guar.z
Copper Range— First mortgage gold (seei_t^xtK_____x
Copper River & Northwestern— IstM $50,000,000 Gxc*
Cornwall & Lebanon— Stock
First M extended at 4% In 1906 (V 82 p 1322)— xr
Cripple Creek Central— Common stock......................
Preferred stook 4% non-cutnulatlvc_______________
Midland Term (lrst mtge gold sinking fund___F.xo
Cuba Eastern— See Guantanamo & Western
Par
Value
$5,728,702
$5,589,504
$2,869,203
497,397
70,298
280,220
500,000
(2)170,000
$4,062,103
$4,100,838
$2,847,880
637,808
61,383
Amount
Outstanding
Rale
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Ry
J A
1904
$ 1.000
$240,000
6g
J July 1 1929
American T r Co, Boston
112 1914
100 Ac
550,000
J & J July 1934
6g
Guaranty Trust Co, N Y
100 Ac
1,600,000 Up to 6
112 1914
July 1 1944
1.000
75 1887
899.030
j
A j July 1 1937
3g
us & r o le d o - See Hock Ing Valley Ry.
1.786,200 8h in ’ 16 Q— M M a rlO ’ 17 21-5 Treasurer, Columbus, O
50
55
1.000
500.000
J
A J Jan 1 1944
71 1914
5
M e t Trust Co, Boston
100
....
800,000
7
0 — J Jan 1 1917 I K Checks mailed
_.
100
540,400
7
Q -J
Jan 1 1917 I K
____
100
459,600
7
Q— J Jan 1 1917 I K
do
___
100
6,457.600
7
Q— J Jan 1 1917 I K
1.000
262 1890
5,500,000
4
J A D June 1 1920
’97-99
1,000
l . 050,000 3 H A 4 .1 A 1) June 1 1920
’09-14
1,000
673,000 3 H & 5 J & 1) Juno 1 1920
100
350,000
39.87 ____
7
J A J Jan 1917 3 K % Manchester, N H
___ —
100
2,500,000
6
F A A Feb 1 1917 3% Safe Dep A Tr Co.Boston
110 1893
1,000
1,900.000
A A O Apr 1 1943
4 it
37 . . . .
100
400,000
H A A Feb 1917 3%
6
do
do
21 1911
1.000
350,000
5 g
.1 A J Jan 1 1941
do
do
100
3.233,300
88 --- 10
J A J Jan 1 1917 5% Boston, Mass
_ . _ 1893
1,000
1,000,000
4g
M A S Sept 1 1943
- . - 1901
1.000
290,000
3H J
& J Jah 1 1921
Jan 1917 paid in Feb
- . - 1903
1.000
969,000
J & J Jan 1 1923
3H
Jan 1917 paid in Feb
. . . 1915 1,000 Ac
2,450,000
J & 1) Aug 31 1916
6
Dec 1916 int not paid
- - 1915 1,000 Ac
2,300.000
6
J A D Aug 31 1916
Doc 1916 int not paid
36 1911
1,000
7,000,000
4g
M 15A S Mch 15 19.51
Treas Pa R R Co, Phila
- -- 1905
1,000
M (S S Sept 1 1930
712.000
c
4g
19
1888
100 Ac
200,000
5
M A N May 1 1918
Text
1899
500 Ac
2,280,000
A A O Oct 1 1949
5 g
Boston, Mass
197 1909
1.000 23,020.000
F A A Feb 1 1959
5g
J P Morgan A Co, N Y
26
50
800.000
1916 4% since! ?)
26 1891
100 Ac
764,900
A A O Apr 1 1921
4
do
do
—
—
100
2,500,000 See text
Duar
M ar 1 1917 1X Checks mailed
... —
100
3,000,000 4 In 1916 Q.-M
Mar 1 1917 1%
do
41 1895
1,000
33 i.000
5 g
J A D Deo 1 1925
Farmers* L & T Co. N T
It
R y ., Donvor & Intorurban R It., Colorado Itlt., F t. AV. & Denv. Term . R y ,,
Wichita Val. (R R . and Ity .), Abilene A N or. R y ., Wichita Falls A Okla.
R y . and Stamford A N orw. R y . in V. 103, p. 1785, 1798.
(♦Slightly inaccurate)
1915-16.
1914-15.
*1913-14. *1912-13.
Average milos................
1,841
1,840
1,866
1,850
Tota l oper. re venues ...$15,707,311 $14,172,978 $13,222,737 $15,077,677
Operating oxponses----- 9,978,609 10,110,875
9,746,002 10,622,961
Oper. Inc. (a fterta x .).
T o ta l not Incomo______
Intorost charges_______
Rents, & c_____________
Sinking funds__________
Addns. A bottermonts..
Miscell. appropriations
D lv. on 1st prorstock..
D lv. on 2d prof, s to c k ..
D lv. on common stock. _
43
i
$2,821,328
$3,711,731
$2,853,818
390,732
61,030
$3,909,364
$4,753,042
$2,875,483
152,019
60,826
(2)170,000
(2)170,000
(4)340,000
(4)340,000
1)310,000
Balance, aur., for year $1,202,475 $553,767
$65,885
$675,076
O F F IC E R S .— C hairm an.G eorgeB. Harris; Pres., Hale H o l d e n , Chicago;
Sec. A Troas., B. F. James, Denver, Colo.: Asst. See. A Asst Treas T . S.
Howland, Chicago, 111.— (V . 103, p. 1687, 1785, 1798, 2428.)
C O N N E C T IC U T R IV E R R R .— Owns from Springfield. Mass., to Ver
mont Line at Brattleboro, 59.65 miles; branches, Chicopee Falls, 2.35 m .,
Easthampton, 3.50 m.; East Deerfield, 1.04 in.; Ashuelot, 21.82 m.; total.
83.36 miles. V. 95. p. 1200; V. 96. 1 . 1838. Controls Sullivan County U R.;
1
Bellows Falls to Windsor. V t., 26 miles. V .80. p. 1478; V .81. p.899, 1723.
YrrP^A P* 1626; V . 95. p. 679. In 1916 extension was granted on the $2,4o0,000 1-yoar 6% notes due Juno 1-2 and also on the $2,300,000 1-year 6%
notes o f the Vermont Valley R y., duo Juno l. guaranteed by the Connecti
cut River C o., till Aug. 31. See 13. & M . V. 102, p. 1936; V. 103, p. 239,
7o8. On Aug. 31 1916 following the recelvorshlp o f tho Boston A Maine,
■Lames H. Hustls, President and receiver o f that road, was made receiver
o f the Conn. River R R ., tho notes remaining unpaid. V. 103, p. 843. The
somi-annual div. o f 5% , duo on tho lease, was paid Jan. 1 1917, but interest
on bonds, while paid as rental to receiver, was not, until Fob. 1917, ordered
paid to bondholders. V. 104. p. 257, 663.
L E A S E .— Leased for 99 years from Jan. I 1893 to the Boston & Maine,
tnnual rental (as amended Oct. 10 1895) being 10% per annum on capital
st 'ck, payable directly to stockholders: also Interest on bonds and scrlo and
$2,000 for organization expenses. Richard Billings, 115 B ’way, N . Y .,
I res.; Georgo It. Yorrall, Clerk A Troas., Springfield, Mass.— (V . 102, p.
2077; V. 103. p. 239, 578, 758, 843, 1032, 1210. 2428; V. 104, p. 663.)
CONNECTING R Y . (P H IL A D E L P H IA ).— Owns from Girard A ve. to
Frankfort Phlla., 6 m.; North Phlla. to Chestnut H ill, 7 m.; branches,
ico., 23 m.: total. 36 m
V 103. p 1508. Stock authorized $5,800,000; outCOLOR ADO SPRINGS A C R I P P L E CRE EK D IS TR IC T R Y .— Colorad ■ ®funding, $4,116,650. of whicn $3,825,350 owned by Penn. R R . Dec. 31
Springs to Crlpp'e Creek. Col., 47 m.; branch, Cameron to Victor, 5 m.; 1915. which operates road under lease assigned to that company by Phlla.
other branches and spurs, 22 m.; total. 75 m.; of which 57 m steam, 16 m
A Trenton U R., terminating Feb. 18 2862. Dividends 4% yearly (J. A D.).
steam and electric and 2 in. solelv electric. In Jan. 1905 Colorado A
In 1911 made a new 1st M. for $15,000,090, of which $7,0 10.090. guar., p. A
Southern acquired all the stock except $900 com. V .80. d . 472 1111 1423
L, by Ponn. R It., havo been sold. $3,000,000 o f these in Oct. 1916. V. 103.
Leased to Crlpplo Creek Cent. R y. system to M a y l 1935. V. 94, p. 123.
p. 1508. V. 93. p. 229. 730; V. 98. p. 522, 610.— (V . 103, p. 1508.)
Stock, all outstanding, com.. $1,200,000; pref., 5% non-cum., $800,000.
Par of shares, $100 each. Dlv. 5% on pref., paid Feb. 1907, June 1908 and „ C O N NE LLSV 1LLE & MONONGAHELA R Y .— Owns Moser Run Jet. to
Nov. 1 1909. On com., 2% , Sept. 1908. Sinking fund can retire first mtge. Brownsville, Pa.. 15 68 miles; branches and spurs, 16.70 in.; total track,
Incorporated in
bonds yearly at 110 for first 15 years, then at 107 H for 5 years, then 105 for 22.38 milos (connecting Ponn. with Monongahela R y .).
Penn. Mar. i l 19)5. Leased to Penn. R R . until Jan. I946at rental equal
next 5 years, 102
for 3 vears, thereafter at oar
V 7(1 n 345
to 4% on cost of road taxes, operating and maintenance charges, rental
Pros., E. S. K oller.— (V . 87, p. 740; V . 88, p. 822; A'. 94, p. 123.)
being more than sufficient to pay interest charges and retire principal of
(T H E ) C O L O R A D O VVYOM1NO & E A S T E R N R Y .— Owns from the bonds through sink, fund at or before maturity. Sink fd. S2o 000 yrly., .
Onion PacIflcJRIt. at Laramie, AVyo., to Coalmont, Colo., 111.35 miles, to call bonds in numerical order, but to bo kept alive. V. 93. p. 407. Stock.
whore largo coal fields are located. Incorporated In W yom ing June 2 1914’ S/00.000. Controlled by or in Intorest o f U S. Steel Corporation. Pres..
Successor Juno 4 1914 o f Laramie Hahns Peak A Pacific Itv foreclosed
W. I I . Clingerman; Sec. and Treas., J. D. M cCroery.— (V . 99. p. 406.)
M ay 12 and 13 per plan V. 98. p. 453; V. 98, p. 1766 1845
C O O P E R S T O W N & C H A R L O T T E V A L L E Y R R .— Entire $45,000
Alexander J. Hemphill, Henry Sanderson and Trowbridge Callaway as
capital stock owned by Del. A Hudson Co., which also owns $307,400
voting trustees, will nold the now stock until all accrued Interest on the
(87% ) o f tho $350,000 stock o f Cooperstown A Susquehanna Valley R R .
Incomo bonds shall have been paid and the current Interest paid regularly
for 2 consecutive years, and for such further period not exceeding one year Owns Charlotte Crossing to Davenport Centro, 3.96 m.; loases for 99 years
front Jan. 1 1889. Cooperstown A Susq. Valley R R ., Cooperstown to Char
as the trustees in their discretion may deem advisable If lawful
Stockcommon, $2,300,000; pref. 6% non-cum. $2,000,000, par $100.
’ lotte Crossing, with branch to Cooperstown Jet., 19.79 in., guaranteeing
Interest on tho Latter’s $200,000 5% bonds. V. 97, p. 1503. Year ending
E A R N IN G S .— Y ear ending Juno 30 1916, gross, $105 466- net $53 667
June 30 1916, gross. $53,097; oper. inc.. $2,724; charges. $15,713; bal., def.,
In 1914-15, gross, $133,687.(V . 98. p. 1766.)
n e l*
$12,989. Stock, $45,000, owned by Dol. A Hud.— (V . 77, p. 88.)
C O LU M BIA N E W B E R R Y A LA U R EN S RR -C olu m b ia to Laurens.
C O O P E R S T O W N & SU S Q U E H A N N A V A L L E Y R R .—See Coopers
8. O.. t 5 m. Stock $500,000
Bonds were 0-;. hut 1-,,-issued as 3s in 1900
town A Charlotte Valley RR . Co.
Incomo certificates to amount o f 40% o f bonds being Issued
Bonds is s u e d ’
CO PPER RAN G E R R .— Calumet, Mich., to Mass City, with branches,
$899,000; I1 treasury N ov. 1915. 311.000. A t last accounts had also out
1
standing $359,600 certifs. for funded coupons and $64 454 Income notes’ total, 93 tn.; sidetracks, 41 m. Stock, $4,244,300. of which Sl.639,200
and on June 30 1915 loans and bills payable. $99,453
nc
1 owned by Copper Range Co. Bonds limited to $20,090 per mile o f main
lino and branches and $15,009 per mile o f sidings. Dividend, 10%, paid
E A R N IN G S .— 6 mos.,11916-............Gross, $155,001- net loss $53 474
N ov. 1909 from accumulated surplus.
July 1 to Dec. 31.
\1915........---G ross, 123,810; net
20 961
E A R N IN G S .— 5 mos., (1916-............... .Gross, $392,66$: net, $31,428
Year ending Juno 30 1915-16, gross, $320,607; net, $82 977- In 1914-15
July 1 to N o v. 30.
11915___________Gross, 842.613; net. 19,543
gross $271,812; not, $37,914; other incomo. $3,204 Interest taxes Ac
iss,
Your ending Juno 30 1916, gross, $907,962, against $673,675 in 1914-15;
$621,416; bai., d o f„ $21.293. Pres., J. F. Livingstone. Columbla S.' C
not, $288,501, against $195,510. Pres.. William A. Paine: V .-P., F. Ward
’
COLUMBUS & XENI A R R .— Owns from Columbus, O.. to Xenia, O.. Paine; Sec. A Troas., Frederic Stanwood, Boston.— (V . 78, p. 228.)
65 miles. Operated as a division of the Little Miami, and Is leased for 99
COPPER R IV E R & N ORTHW ESTERN R Y .— Owns from Cordova,
years from Dec. 1869, In connection with that road, to the Pittsburgh Cin Alaska, on tidewater, through the Copper River Valley to CoppertleUis near
cinnati Chicago A St. Louis, which pays 8% on stock
The lease Is guar the Chitlna River, 197 milos. Kennocott Cornier Corporation (V. 101, p.
anteed by Pennsylvania R R . Co. Since Sept. 1913 the quarterly dlvs. In
1889) in Dec. 1915 arranged to acquire all o f tho outstanding securities,
Sept, and Mar. have been 2 1-5%. making the yearly dlv. rato 8 2-5%
$4,817,400 stock and $23,020,000 1st M . 5s. In Jan. 191 ; paid a $565,000
— (V . 72. p. 512.1
cash dividend.
V. 102, p. i52. Stock auth., $5,000,000; par o f shares,
$100. V. 99. p. 410. Year 1915, gross. $1,751,528 net, after taxes. $1,135,084.
CONCORD A M O N TREA L R R .— From Nashua, N. H „ via Concord
Pres., S. W. Eccles; V.-Pros., Robt. W. Baxter; Treas., E. S. Pegram;
Plymouth, Ac to Groveton and the VVnlte Mountains, 4,50 miles In a ll’ Sec., W . E. Bennett. Office, 120 B ’way.— (V . 102, p. 152, 1625, 1713.)
Including Manchester A Keene, 30 m.: owned Jointly. 414 rn • 35 m' double
C O R N W A L L & L E B A N O N R R .— Owns Lebanon. Pa., to Conewago,
track. Owns Concord Street Ry., 11 m.. also electric branch’ from Concord
21.66 in.; branches, 4.78 m. Pennsylvania R R . on Dec. 31 1915 owned the
to Manchester. N . If.. 17 miles, and Nashua A Acton R R ., 20 miles (stock
$500,000 stock and Pa. Co. $300,000. V. 93. p. 696; V. 96, p. 947. O f the
On Juno 29 1895 leased to Boston A Maino for 91 years at rental o f 7C
/
per annum on all stock. In 1916 the Boston A Maino was placed in re bonds, $151,200 was June 30 1916 In company’s treasury.
ceivers' hands, but In Jan. 1917 the bond interest and dividends o f this com D I V l’97. ’98. ’99. ’00. ’01. ’02 to ’06.'07. '08. ’09. '1 0 to ’ i2. '13 ’ 14-15.'16
pany woro being paid as usual (without affirm ing or disaffirming loose)
P.CJ 3
4 4>* 5 54* 6 yearly 8
7 8 10 y ’ly.
11
0
4
V . 103, p. 1031, 1412; V. 99, p. 1832; V. 100, p. 308— ( V . 104, i) 256 ) '
net, $90,808
E A R N IN G S .— 6 mos., 11916..............Gross, $275,151;
July 1 to Doc. 31.
\1915_____ ...G ross, 220.526;
net,
74,771
CONCORD & PORTSMOUTH R R .— Owns Portsmouth, N. II to Man
Year ending Juno 30 1916, grots, $470,925; net, $182,274; othor income,
Chester, X. II., 39.87 m. Leased to Concord R R . In 1862 for 90 v e a r s - rerirni $4,127; Int., taxes, Ac., $38,477; dlvs. (4 % ). $32,000; bal., sur., $65,923.
$25,000; 7% on stock and org. exp. Operated by Boston A Maine.’
— (V . 102. p. 1510.)
CONNECTICUT & PA SSU MP SI C R IV E R S R R .— W hite River Jet V t
“ C O T T O N B E L T ." — Common name for St. Louts Southwestern R y .
to Canada Line, 110 m.; leases 999 years Massaw'ppi V a l l e y 37 miles’ ’
C R IP P L E C R E E K C E N T R A L R Y .— M ileage Juno 30 1916:
Owns nearly all the stook ($350,000) of the Newport A Richfo-d R R
Other.
M a in L.
Total.
Newport, Vt.. to Canadian line. 21 miles, operated under lease bv Montreal
. A leased lin e s.. 71.40
39.94
111.34
A Atlantic lly . (Can. Pac. system;, and guarantees Its $350,000 1st 30-vear
----------------------29.40
15.59
44.99
5% bonds dated Jan. 1 1911. V. 91. p. 916
’
181
yC" r
L E A S E .— From Jan. 1 1887 leased to the Boston A Lowell for 99 year
on a basis to pay C. A P. stock 5% till Ian. 1897 and 6% thereafter
In
April 1911 B. A M. received authority to purchase stock. V. 92, p. 1108.
S E C U R IT IE S .—Massawlppl stock receives same dividends as stock of
lessee and $400,000 of It (not Included In the amount outstanding) Is pledge 1
us part security for 4s of 1893. Of the $2,500,000 pref., $500,000, as also
*50,000 Massawlppl Vullcy Ry. stock, was purchased Feb. ! 19K) bv the
Vermont Valley, under Its option, at par.— (V . 57, p. 1040; V. 94, p. 826.)
----------- -------- 100.80
55.53
156.33
Reorganization per plan In V 78, p. 2018; V. 77. p. 1542.' of the Denver
A Southwestern, foreclosed Oct. 4 1304. V. 79. p 1461; V. 101. p. 1184.
STOCKS A N D B O N D S .—Com. stock, $2,500 Ooo 4% non-cum pref.
stock. $3,000,000; par ol shares, $100
V. 82. p. 1156; V 85. n. 1209.
D I V I D E N D S .’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. 13-15. T l . 1917.
Common, % . _ . 3
7K 6
0
0
0
0
3
4
15. I K qu.
Preferred, % . . . 4
4
4
4
4
4
4
4
4
i. 1 qu.
41
[V o l . ib4.
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, <&c., see notes on first page]
Mites Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest amt
Dividends are Payable
$100 $15,000, 000 See text See text N o v 1 1916 3%
Cuba R R — Common stock $20,000,000........ ...............
100 10.000, 000 6 In 1916 F & A Fob 1 1917 3 Checks mailed
Preferred stock 6% non-oumulatlve $10,000,000-Royal Bk of Can, N Y
J & J July 1 1952
602 1902 1.000 &o 12,030, 000
Flrst mtge gold $20,000 per mile.............G.xo*
*&r*
do
do
M & N May 1 I960
4.000, 000
S & tr
1910
Im pt & equip M g $12,000 per m ................ ---N x o *
Phlla, Fidelity Trust Co
M & N 15 N o v 15 1918
1,000 3.000, 001)
1915
Three-year secured gold notes callable see text EPc*
F & A Aug 17- Fob '24 Montreal T r Co, M om
602, 000
l.ono
1914
Equipment trust certs., due $43,000 seml-ann------J & J21 July '17-Jan '25 United States T r Co, N Y
5
440 ,000
1.000
1915
do
due $28M&$27M s-an(V100,p.473)-Us
J & D 15 Juno ’ 17 to 1925 United States T r Co. N Y
5
720,,000
1,000
1915
do
due $40,000 seml-ann______________ US
Guaranty Trust Co, N Y
M & N T o N o v 1926
5
1,950 ,000
1,000
1916
do
due $98,000 and $27,000 s-an g ---------Guaranty Trust Co., N Y
M & N May 1 1921
5g
1.000, ,000
1,000
53 1891
Cumberland & Pennsylvania— First mtge g guar
-z
Fidelity Trust Co, Bah
J & D T o Dec 1918
5
228 ,000
1,000
1906
Somerset Coal car tr assum $76,000 y r ly -------FBax
Guaranty Trust Co, N Y
J & D June 1 1958
5g
1,028 .000
1,000
12.9 1908
Cumberland R R — 1st M $3,000,000 gold
------Montreal, Canada
A & O Oct 1940
5g
1.167 ,000
1.000
48 1910
C um berlan d R y & C oal C o— 1st M $3,000,000 g gu .
Cumberland Valley R R — See Pennsylvania RR
A & O Oct 1 1916 I H Cincinnati, O
2,401,950
50
3H
1871
Dayton & Michigan— Com stock (3 K % guar C H & D)
do
Q— J Jan 3 1917 2%
1,211,250
8
50
1871
Preferred (8% guaranteed C H & D) endorsed----J P Morgan & Co, N Y
& J Jan 1 1931
2.728.000 4 >4 (5) J
1,000
141 1881
1st M gu p& 1 end ext In 1911 red 10214 beg 1917-o
Farmers’ L & Tr Co, N Y
J & J July 1 1949
4g
388.000
1.000
2 1899
Dayton Union R y — First mtge sink fund call p a r ..F x
Bayonne, N J, M ochTrC
M & S March 1 1924
5
. £100 See text
1914
D eath V a lley R R — First M call 105 s f begin in 1916
J
& J Jan 1 1917 4% Checks mailed
8
25 $5,078,275
245
Delaware— Stock 8% guaranteed--------------------------Treas Pa R R Co, Phlla
& J July 1 1932
500.000
4 >4 g J
1,000
113 1892
General mortgage gold............................. — FP.xo*
q — F Feb 20 1917 2% 11 W State St., Trenton
1.800.000
8
100
Delaware & Bound Brook— Stock 8% gu Phlla & Read
Mcch N at BU.Trenton.NJ
3 Vi g F & A Aug 11955
1,800.000
1,000
First consol M $1,800,000 guaranteed.-PeP.xo*& r 30.97 1905
Delaware & Eastern (foreclosed)— See Del & Northern
100 42.503.000 9 in 1916 Q— Moh M ar 20 1917 214 Office 32 Nassau St, N T
Delaware & Hudson— Stock $55,711,500 (t e x t )------do
do
M & S Sept 1 1917
5 .000.000
7
1877 1.000 &o
First M on Pennsylvania Dlv ($10,000,000) Un.zo&r
do
do
M & S Sept 1 1924
500.000
6g
100 &o
1874
Soheneotady & Duaaesburg first m ortgage----------z
do
do
1,000,000
1,000
4)4 g M & S Moh 11942
1892
Adirondack 1st M gold guar p & 1 end— U s.zc’ &r
do
do
M & N May 1 1943
4
1908 1.000 &o 32.204.000
Ist& R etM $50,000,000 g s f red 107 >4 beg’ 18-X0*&r»
do
do
A & O Oct 1 1935
5g
500 &c 14.451.000
1915
Convert bonds gold red text-----------------------------do
do
9.643.000
414 g J & J July 1 1922
1,000
1907
Equip 1st lien bonds $10,000,000 g s f__U sm .xo*& r
Guaranteed Securities—
do
do
N May 1 1917
4
75.000
1,000
01-’ 02
Hudson Coal Co deb gu p & l end part due yearly .z
” M a y 11918
200.000
4
1,000
1902
Debentures o f 1902 due 1918-----------------------------do
do
Jan 1 1940
300.000
4
1,000
1890
Bluff Point Land Im provem ent Co 1st M g gu.zo*
do
do
Jan l 1012
1.300.000
4
1.000
1902
Chat Ore & 1 refunding mtge call 105........ N.xo*&r
N Y Trust Co, N ow Y ork
July 1 1939
800.000
1,000
1889
U tica Clinton & Binghamton R R 1st M ----------Offico, 32 Nassau St, N Y
April 1 1946
1,000 10, 000,000
3K g
1906
Albany & Susquehanna R R 1st m tge--------------
IS
88
In Feb. 1916 an extra dividend o f 10% was declared with the quarterly
1% , on common stock, both payable M arch 1. In Sept. 1916 tho common
dividend was increased to 114% quarterly. V . 103, p. 493. V. 102, p. 521.
R E P O R T .— Report for year ending June 30 1916. in V. 103. p. 1028’
showed total net Income o f parent co. above all exp.. $286,396; dlv. on
pref. stock (4 % ). $120,000; com. div. (4 % ). $100,000; balance surplus,
$66,396, against $21,638 in 1914-15. Pros., A . E. Carlton; Sec. & Treas.,
E . S. Hartwell. Office. Colorado Springs.— (V . 103, p. 493, 1028, 1687.)
C U B A R R .— Owns from Santa Clara. Cuba, to Santiago de Cuba, 356
miles; branches, Zaza Jet. to Sanctl Spiritus, 8 miles; A lto Cedro to tho
B ay o f N ipo, 31 m.; Ponupo branch. 11 m.; Jatibonico branch, 1114 m.;
Holguin branch, 11 m.; Manzanillo branch, 32K m. Bayamo extension,
141 m.; Fomento branch, 17 m. Total, 619 miles.
, „ ,.,
In Feb. 1917 construction was in progress on Fomento-Trintdad-Casilda
branch, 39 miles; on Cainaguey & Nuevitas ItR . extension to new deep
water terminus on Bay o f Nuevitas, 3 miles.
S T O C K .— Tho Cuba Co. (V . 103, p. 752) owns tho outstanding $15,000,
000 common but only $1,000 prof. V. 98, p. 1766; V. 96, p. 236, 663.
D IV ID E N D S (% )
1909 1910 1911 1912 1913 T4 T5 T 6 '17
6
6 3. 6
6
544
P re ferred ______________ 144 344 444
4
6
6
6 ...
Common (in cash)_______—
—
—
—
Also paid on the common shares in common stock in 1916, Jan., 20% ;
Juno 30, 25% . V. 103, p. 752.
B O N D S , & C .— 1st M . bonds application to list, V. 86. p. 924; V. 88, p.
451; V. 89, p. 162; V. 91, p. 38, 1253. Tho 5% Im provt. & Equip, bonds
o f 1910 are limited to $12,000 per mile (oxcl. sidings) owned; In July 1912
,000.000 wore sold. V. 91. p. 588. 1253; V. 95 p. 175.
_
_
Tho company having purchased in N o v . 1915 tho ontiro $2,000,000 cap.
stock o f tho Camagudy & Nuevitas R R . an issuo o f $3,000,000 5% gold
notes was made in tho namo o f the Fidelity Trust Co. o f P h ila ., trustee, to
financo the acquisitions. These notes aro guaranteed, principal and inter
est, by Cuba R R . and aro secured by all o f said $2,000,000. Those notes
are callable N o v . 15 1917 at 10044 and Int. V . 103, p. 938, 752.
E A R N IN G S .— For 6 months ending Dec. 31:
Gross.
Net.
Oth. In c.
Charges.
Balance.
* 1916............ $3,175,176
$983,078
$5,055
$538,973
$119,160
1915_______ 2,540,299
1.111,582
------452,748
658,834
R E P O R T for year ending June 30 1916 was in V. 103, p. 752, showing:
June 30.
Gross
Net
Interest Pref.Dies. Com.Divs.
Balance,
Years— Earnings.
Income. Charges. (6 % ).
(6 % ).
Surplus.
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., George H . Whigham; V.-P. and M g r., Charles R . Hudson; V .-P.,
Arthur Coppell; Sec., Herbert C. Lakin; Treas., R . E. Jones. Offico,
83 Montgom ery St., Jersoy C ity, N . J.; 52 W illiam St., N . Y .— (V . 101.
p. 768, 1184, V. 103, p. 493, 752. 758, 938.)
C U M B E R L A N D C O R P O R A T IO N .— Liquidating.— (V . 102, p. 1436.)
C U M B E R LA N D & P E N N S Y L V A N IA R R .— Owns from Cumberland
Md.. to Piedmont, W . Va., and several branches, 57 miles. Owned by
Th e Consolidation Coal Co., which guarantees by endorsement the
first mortgage. V. 52, p. 390. Stock, $1,500,000; par, $100. Car trust, see
V . 85, p. 1401. Y ear ending Juno 30 1915. gross, $811,622: net. $101,599.
other income, $166,253: lnt., taxes. &c.. $208,075: bal., sur., $o9,777. In
191516, gross, $767,047; net, $59,945.(V. 85. p. 1401.)
C U M B E R LA N D R A IL W A Y & C O AL CO.— Owns road from Sprlnghll
Jet. to Sprlnghlll Coal Mines, N . S., and Parrsboro on the Bay of Fundy,
32 miles; also coal acres, timber lands, &c. 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 m tge. 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
C o. For year 1912-13, gross, $110,799; net, $19,854. (V. 97, p. 1583.)
C U M B E R L A 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., $100,000; outstanding, $20,999; par, $100. Bonds
($3,000,000 auth. Issuo) outstanding June 30 1916. $1,028,000. Year end
ing Juno 30 1916, gross, $62,039; net, after taxes. $19,5 51; int., &c., $29,735;
bal., def., $8,993. Pres.. R . W . Stone: Sec., J. L . Stone; Treas., A . J.
Uazeltine; Auditor, A . C. Matheson. Office, Artemus, K y .
D A YTO N & M IC H IG A N R R .— Owns Dayton, O., to Toledo Juno., O..
141.15 m.; trackage Into Toledo, 1.15 in.
Leased M ay 1 18b3 In perpetuity
to Cln. Ham. & Dayton. Lease modified June 23 1870. Rental Is mainte
nance of organization, lnt. on bonds and 8% on pref. stock and 3 44% 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 o f stock and bonds Is undis
turbed by pmn o f 1916, by which B. & O. R R . w ill take over possession,
under lease, along w ith main lino o f Cin. Ham. & D ayton .(V. 92, p. 526.)
D A YTO N & U NION R R .— 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. & Dayton Jointly own the
$86,300 stock. Year ending Juno 30 1916, gross, $152,132; not, $28,948:
other income, $3,705; charges, $38,932; bal., def., $6,279.— (V. 97, p. 236.)
D A YTO N U NION R Y .— Union depot at Dayton, O. Used by Plus
Cln. Chic. & St. L., Clev. Cln. Ohio. & St. L .. Cin. Ham. & Dayton, Dayton
* Union R R . and Erie R R .. under lease which provides that interest od
bonds and other expenses be divided between them on train basis. Stock.
$321,000, all common. For yoar ending June 30 1916, gross, $105,772;
not, 859,008; other income, $106; Interest, rentals, &c., $51,018: bal.. sur.,
$8,096. Pros., G. L. Peck, Pittsburgh, i*;v.; Sec., R. O. Barnard, Cincin
nati, O.— (V . 73. p. 1312.)
D E A TH V A L L E Y R R .— Owns line In In yo County, Cal., to tho Biddy
M cC arthy borax mlno, &c., 23 mllos. Was authorized to Issue bonds guar
anteed by tho Borax Consolidated, L td.; In Dec. 1916 £3,200 for additions,
&c. On Juno 30 1916 had outstanding, $118,900 stock and $264,928 bonds,
while for the year 1915-16 gross earnings were $123,538; total net, $93,810;
rentals, lnt., &c., $18,897; d tvs .,$4,275; bal.,sur., $13,576.— (V . 100.p.981.)
D E L A W A R E R R .— (See Maps Pennsylvania R R .)— Shellpot Crossing.
Del., to Delmar, Md.. 95.20 miles; branches. Centrevllle. Md., to Towaseud.
Del.. 34 98 m.: Clayton, Del., to Oxford, Md.. 54.27 in.: 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 & 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
special cash dividend of 20% and an extra cash dividend of 5% .
DIvs. prior to lease, 1898 to July ’06, 6% yOy; ’Q7, 8% : ’08, 8% : 09, 8% :
TO. Jan., 4% ; July, 4% . For year ending D ec. 31 1915. rental, $431,764.
other income, $65,771; charges, $71,568; divs., $406,262; bal., sur., $19,705.
-(V . 90. p. 913, 1554; V , 94, p. 123, 278.)
D E L A W A R E & B O U N D B R O O K R R .— Bound Brook (Central R R . 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. T otal track, Including 2d, 3d
and 4th tracks, sidings, &c., 98.09 miles. In M a y 1879 leased for 999 years
to Phila. & Reading. Rental, $213,107.5), paying interest and 8% on
stock.— (V . 81, p. 210.)
D E L A W A R E & H U D SO N C O .— Operates railroad lines from WilkesBarre. Pa., via Albany and Schenectady to Rouses Point, N . Y ., on the
Canadian line, with branches to Binghamton, T ro y , Lake Placid, N . Y .
Rutland. V t., and other points, a total o f 909.07 miles (of which 345.19
miles are owned In fee and 459.70 miles aro leased or controlled through
stock ownership), viz.;
Lines leased— *See these cos. M iles.
Steam Lines owned (345 m.)
M iles.
Carbondale to Scranton,I’ a. ,& br. 22 ♦Albany & Susquehanna------------143
Lookout Jet. to HonesdaleJct-., Fa. 28 ♦Rensselaer & Saratoga__________ 189
♦Chateaugay & Lake Placid R R . . 79
Nineveh to Jefferson Jet., P a ____22
Junction to Cherry Vail., N . Y _ . 21 Other leased lines_________________ 49
Schenectady to Duanesburgh.N. Y. 14 ♦Jefferson R R . (trackage)______ 35
Greenwich to Salem Jet., N .
10 Boston & M aine (trackago)------ 22
Saratoga to N orth Creek, N . Y _ _ 57 Other trackago____________________47
Whitehall to Rouses Point, N . Y .,
and branches___________________149
Total operated N o v . 6 1916— 909
Other lines owned_______________ 22
. Second track N o v. 1910, 347.67 m.; third track, 19.21 m.; fourth track,
20-52 m.; yard track and sidings, 641.71 m.
,,
Also leases Utica Clinton & Blngh. and Rome & Clinton R R ., 44 miles,
which are sublet to N . Yr. Ont. & W .
H IS T O R Y .— Incorporated April 23 1823; namo changed A pril 28 1899.
One o f tho largest miners and carriers o f anthracite coal (V . 86, p. 913)
A ll o f the coal produced from tho company’s mines is sold at tho p t mouth
to tho Hudson Coal Co. ( V.89, p. 1449). Th e canal was abandoned and the
cost charged out in 1898. Th e old "G ra v ity ” road, built in 1829, was
broadened to standard gauge and opened for regular service in 1900. Tho
companies taken In by merger Include: Adirondack Ity ., Schen. & Duanes!).
H R .. N . Y . & Canada R y ., Cherry Valley Sharon & Albany R R .
Allied Properties.— (a) Entire capital stocks owned: Quebec Montreal &
Southern Ry. Co., Naplervillo Junction Ry. Co., Greenwich & Johnsonv llle R y. Co., Schohario Valley R y. Co., United Trae. Co. and T roy & New
England R y. Co.; (5) one-half the stock owned; Wilkes-Barre Connecting
R R . Co. and Schenectady R y.
Anthracite rato case. V. 101, p. 2072; V. 102. p. 1357. In July 1916 tho
I.-S. C. Commission authorized tho company to retain control o f its lake
steamship lines.
. .
,
Albany & Susq. stockholders were hold by higher F ederal courts to bo ontitled to tho saving o f Interest effected by the refunding at 3 'A % o f the re
maining $7,050,000 o f the $10,000,000 Issue o f Albany & Susquehanna
R R . Co. 7% bonds, increasing tho yearly rental paid. V. 85, p. 721;
V. 83, p. 1036; V. 80, p . 1174, 1362, 2313; V . 88, p. 938, 1499; V. 89, p.
1068, 1141; V. 90, p. 911. T o Jan. 1916 $3,556,000 A . & S. bonds had
been exchanged for D . & II . stock.
Sinking Fund.— The sinking fund, created M a y 9 1899 and amended
M a y 10 1910, receives out of tho yearly net profits not loss than 5 cents per
ton on coal mined, and has accumulated $4,924,270 from 1900 to 1915,
which amount has been applied to tho purchase and retirement o f $1,288,500
o f the capital stock (In 1900 to 190(3). and In part to tho purcliaso o f coal
lands In the W yom ing and Schuylkill regions.
B O N D S, &c.— Equip. 4Ms o f 1907, V . 84, p. 1247, 1307; V . 85, p. 1082.
On May 12 1908 tne stockholders authorized a F’irst and Refunding M o rt
gage for $50,000,000, bearing not over 4';;, lnt. and running 35 years, anq
subject to redemption as an entirety only at 107 4$ on any lnt. 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 purchas?
bonds or for Improvements and extensions. Of the Issue, $6,500,000 are
reserved to retire outstanding 1st M. bonds; V . 86, p.98. 1109, 1589; V. 87.
p. 96. 480, 1419, 1604: V .8 9 ,p . 847, 1541: V. 90. p. 51, 167; V 92, p. 186.
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 lssuanceof $14,451,000
20-year 5% bonds, which wore offered to stockholders. Tho bonds may at
option o f holders at any time after Oct. 1 1917 up to Oct. 1 1927 be converted
Into paid-up sbaros o f capital stock at the rate o f $1,500 bonds for ten shares
of stock (with an adjustment o f Interest and dividend). The entlro Issue,
but not a part, may be called for redemption on Oct. 1 1922, or on any
seml-anuual interest day thereafter, on 90 days' notice, at 105 and lnt.,
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. Th e proceeds were used chiefly to pay o ff the $13,973,000 4% de
bentures due June 15 1916: onlyf $1 M0;>.3(D new bonds were on Now
Y ork Stock Exchange list Feb. 7 1917.
F e u ., 1917.
45
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Delaware Lacka & Western— Stook auth $42,277,000Hangor & Portland mortgages g o ld _______________x
Del Iliver RR & Bridge— 1st M g g u p & 1 sf l% G P .x o ‘
Dcnv Boulder & W est— Ino 1st M $800,000 red par
Denver Lar & N W — 1st M g red 108 $30,000pm Bax
Receiver's certificates ($20,000 are 7 s )____________ z
Denver & Rio (irande— Stook common (see te x t)_-T r
Preferred stock 5% non-cumulative $50,000,000-Tr
First Consol M $42,000,000 now 1st M g.U s.xo*& r
First & R ef M $150,000,000 gold red 110_.Baxo*&r*
Adjust MIncomes $25,000,000 7% cuinred 115 Nxo*
Im provem ent M ($5,000 per mlo g _____ U s.xo’ &r
Rio Grande Western 1st M gold ( V69. p 284) -Ce.zo*
First Cons mtge redeem at par (see text) g-O.xo*
Equipment bonds Ser B red 101 g $75,000 due sa -X
Bonds o f Affiliated Companies—
R io Grande Southern first mortgage guar— -- Cex
Rio Grande Junction first mortgage guar----- Ce.xo*
Utah Fuel Co 1st M $2,000,000 redeem at 1 1 0 ---(iz
Pleasant Valley Coal 1st M s f redeem at 1 1 5 ----Qz
Salt Lake C ity Union Depot & R R — See that Co.
M iles
Road
Date
Bonds
Am ount
Outstanding
Par
Value
Rate
%
When
Payable
$50 $42,277,000 20 In 1916 See
100 &o
6 g
320.000
F
1.000
4g
1.254.000
100 &o
700.000 T o 5% See
A
1,000 See text
5g
79,697 6 & 7
100 38.000.
000
J
100 49,775.670
500 &c 34.125.000
,647 1886
4 g J
1,000
,047 1898
0,382,000
4H g 1
,541 1908 $ & mks 33.039.000
5 g
F
,541 1912 $,£,m,&c 10 . 000 . 000 7 in 1916 A
500
,647 1888
8.335.000
5 g J
699 1889 1.000 &o 15.190.000
4 g J
699 1899 1.000 &o 15.080.000
4g
A
1907
1,000
150.000
5 g If
’80-’86
1896
1909
1910
180
62
x Of which $1,777,000 In treasu y: there are also $2,233
1890
1889
1901
1898
.0 0 0
d
1,000 x2.277.000
1,000
2.000,000
1,000
486.000
1,000
897.000
4
6
6
6
g
g
g
g
text
& J
& A
text
& O
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Jan 20 1917 2H 90 West St, New Y ork
do
do
1930-1936
Penn R R C o. Phila & N Y
Aug 1 1936
July 1 1939
Kidder &Co,5 Nassau.NX
in default
Apr 1 1940
Jan 16 1911 2
Jan 1 1936
Jan 1 1936
Aug 11955
A pr 11932
June 1 1928
July 1 1939
A pr 1 1949
M ar ’ 17-Sep’ 17
Office, 165 B ’ way, N Y
National Park Bank, N Y
do
do
Bank' T r Co, N Y ;& Ber
N Y , L en d ,B erlin * Am st
National Park Bank, NY
Guaranty Trust Co, N Y
do
do
Blair & C o.. N . Y
July
Deo
Moh
July
Maitland, Coppell,
do
do
Guaranty Trust Co,
do
do
1 1940
1 1939
11931
1 1928
N Y
N Y
ot guara oteed
E A R N IN G S .— 12 m os.,; 1916.- . .Gross, $26,584,969; net, $8,537,416
Jan. 1 to Dec. 31.
\1915____ Gross, 23,733,363; net. 8,969,569
O F F IC E R S .— Pres., W . H . Truesdaie: Sec. and Treas., A . D. Chambers.
Gen. Aud., G. E. Hustls.
R E P O R T .— For year 1915 in V . 102, p. 1341, 1356.
Year ended Dec. 31—
1915.
1914.
1913.
Anthraclto coal carried (tons)________ 9,990,848
9,211,397
8,911,989
Gross earnings o f railroads.................$23,787,519 $22,722,962 $24,153,495
N e t (ra ilroa d s)........ ............................ $8,963,893
$7,534,111 $8,943,188
776,038
640,887
801,692
Coal department (n e t ).......................
Other income.......... ............................ 1,927.130
1,925,472
1,818,133
B O A R D .— E. E. Loomis (V .-P ras.), W m . II. M oore, Henry A . C. T*ayIor ’
W m . H . Truesdala, Goo. F. Baker, W m . Rockefeller, Geo. F. Baker Jr.,
M . Ta ylor Pyno, Henry R . Taylor, W . H . D odge, Bookman W inthrop,
W illiam Fahnestock, Harold S. Vanderbilt, J. F. Talm age. Office, 90
W est St., N . Y . — (V . 102, p. 65, 795, 885, 1896; V. 103. p. 1980, 2078.)
Total not Income...............................$11,667,061 $10,100,470 $11,563,013
Miscellaneous rentals........................ $1,999,352 $1,997,679 $2,020,228
Interest, taxos and miscellaneous____ 3,596,268
3,492,997
3,368,049
Dividends on stock, 9 % .............
3,825,270
3,825,270
3,825,270
Balanco, surplus......................... . $2,246,171
$784,524 $2,349,466
Tho earnings o f the coal department in 1915 were $15,860,677; expenses,
$15,084,639; not, $776,038. In 1914, gross, $15,517,042; not, $640,887.
D E L A W A R E & N O RTH ERN RR .— East Branch to A rkvllle, 38 miles;
and 8-mile branch. Incorp. in N. Y . Oct. 14 1911 as a reorganization of
D el. & Eastern R R ., foreclosed per plan V . 93, p. 588. Stock, common,
$1,000,000; 6% cum. prof., $250,000; par, $100. N o bonds sold at last
advices.
For year onding Juno 30 1916, gross, $131,754; net, after taxes, $16,735;
rental and fixed charges (net). $7,421; bal., $9,314. Accrued pref. divs.
for 1915-16 amounted to $15,000. Pres.. Andrew M . Moreland Sec. &
Treas.. C lyde C . Taylor
O ffice. M argaretville, N . Y .— (V . 96 p. 1725.)
O F F IC E R S .— Pres., L . F. Loree; Chairman Exec. Com m ., R . M . O ly
phant; V .-P ., Chas. A . Peabody, N . Y .; V .-P ., W . I I . Williams;: V .-P . &
Gen. M g r., C. S. Sims, Albany; Asst, to Pres, and Asst. Sec., W . B.
Schofiold; Asst, to V .-P ., G. I I . Parker; Treas., C. A . Walker; Sec., F. N .
Olyphant; Com p., W . II . Davies, 32 Nassau St., N . Y .
Managers.— Robert M . Olyphant, Chauncoy M . Depow, Lconord F.
Loree, William S. Opdyko, Archibald D. Russell, Cornelius Vanderbilt,
W . I I . William s, Henry W . do Forest, George I. W ilber, C. A. Peabody,
R obert S. L o v ett, Charles Weston and Robert C . Pruyn.— (V. 103,p.2428.)
D E L A W A R E R IV E R RR. & BRID G E C O — Frankford Jet., P a., 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 lnt. by endorsement. V. 63, p. 1062, 1159; V . 89, p. 1596.
D E L A W A R E L A C K A W A N N A & W ESTERN R R .— (See M a p .)— Oper
ates main line from Hoboken, N . J ., opposite N . Y . City, to Buffalo, N . Y . ,
410 m., with branches to anthracite region, &c.. 547 m.. viz : ( ‘ see this co
Lines Owned—
Miles.
Lines Leased (Concl.)—
M iles.
N . J. State line to N . Y . line----- 111 •Oswego & Syracuse____________ 36
Branch to Northumberland-------80
Syracuse Binghamton * N . Y _ - 8l
Hopatcong, &o__________________
2 •Utica Chenango & Susquehanna 97
Erie & Central N .Y .(V .9 6 ,p .2 0 2 ) 18 •Valley R R . 0f New Y ork .......... 11
Bangor & Portland R y ___________ 38 •Lackawanna R R . of N . J -.. --- 28
Hanover & Newport R R _________ 7
Lines Controlled and Operated—
Lines Leased— (See each co.)—
Sussex Railroad..............................31
•Morris & Essex and leased brchs.176 Lackawanna & Montrose R R ----- 11
•N . Y . Laokawanna & W estern-.214
•Cayuga & Susquehanna_________ 34
Greene Railroad_________________
8
Total operated Jan. 1916_____ 981
C ut-off from Clark's Summit, Pa., to natlstead, 38 miles, cost $10,000,
0 0 0 to $15,000,000, was completed in N o v . 1915.
V . 101, p. 1627.
•
H IS T O R Y , &C.— Original company chartered In 1832, present title as
sumed In 1853
In 1903 purchased entire stook N . Y . & Hoboken Ferry Co.
In Juno 1909 tno D. L . & W . Coal Co. was Incorporated with $6,800,000
authorized stock, to aot as selling agent for tho 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 were begun in 1910 and 20% oxt. was paid in 1913. V.90.P.54.
United States Supreme Court on Juno 21 1915 in tho suit brought by
the Government held that the company , undor the contract o f Aug. 2 1909,
violated the commodities clause o f the Hepburn A ct and the Sherman anti
trust law (V . 100. p. 2114; V . 101, p. 17), in its relations with the D . L . & W .
Coal Co. A new contract has been arranged
v . 101, p. 47.
Suit over
M orris & Essex lease, V. 100, p. 1509. 1832; V. 102, p. 1896; over Syr.
Bing. & N . Y . leaso, V. 103, p. 1980. Anthracite rate case, V. 101, p. 2072;
V . 102, p. 1357.
DENVER BOULDER & W ESTERN R R .— Boulder to Ward. Colo., 26
miles; Sunset to Eldora, 20 m.; branches, 5 m.; total, 51 in. V. 80, p. 650.
Stock, $300,000, all out; par $100. Or the bonds ($800,000 authorized
Issue), $100,00O are reserved for extensions. Improvements, &o. They are
entitled to lnt. up to 5% If earned, payable Sept. 1 beginning 1910.
For year ending June 30 1916, gross, $03,985, against $61,197 In 1914-15;
net incomo, $11,505, against def., $3,459. D ivide ul on incomes, 3%
($21,000), paid Sept. 1 1910, and 1 K % ($10,500) Sept. 1 1911. . Pres.,
Charles D . M arvin; Sec. & Treas., C . M . Williams. Office, Boulder, Colo.
— (V . 89. p. 993; V . 99. p. 1748.)
D IV ID E N D S —
(1904. 1905. 1906-08. 1909.1910-16.
1917.
Since 1885----------(% )\
r ^?n!£ar y , 70 20 yearly 2
Dividends o f lato years 2 H % Q --J - (1 0 % P . a.) and 10% oxtra Decombor.
July 1909 paid special cash dividend 50% one-hall applicable, if desired,
to subscription of stock of n e w D . L . & W . Coal Co. selling agency; also
15% stook dividend paid Aug. 2 1909. and In Deo. 1911 35% In 4% guar,
stook of Lack. R R . o f N . J. V. 89. p. 41, 224: V. 93. p. 1323;V. 94. p.549.
E A R N IN G S .— 6 m os.,11916.......... Gross, $26,651,572; not, $8,511,205
July 1 to Dec. 31.
\1915--------Gross, 24,406,412; not, 9,006,216
A N N U A L R E P O R T .— Annual meeting is hold on Tuesday preceding last
Friday In February. The report for 1915 was in V . 102. p. 795.
-New Basis-------Old Basis1014.
Year ending Dec. S I—
____
_____
1915.
1014.
1913.
C o a l.............................— $13,364,007$14,056,674 $14,040,574 $14,418,507
Merchandise freigh t______ 18,742.617 15,673,086 14,448 308 15 089 057
P a ss en g e rs -.................... 8.218.316 8,541,316
8.158)458 8)549 346
M all, express and raise. 4,461,791
4,274,902
2,602,450
2,727,238
G ross_____________________$44,786,731$42,545,978 $39,249,790 $40,784,148
N ot, after taxes ............ $14,912,945 $12,591,915 $12,121,918 $13,742,106
Coal department (n e t).. *3,443,039 *4,357,006 *4,357,006 *3,184,686
Other misc. iucomo----1,582,974
2,621,433
2,393,331
1,080,942
Tota l not incomo-$19,938,958
S19.570.354 $18,872,255 $18,007,734
Interest and rontals-$6,070,062
$6,301,429 $5,603,350 $5,881,493
Renewals & botterments
1,616,056
1,299,286
1,299,286
1,879,576
Discount on bonds sold. 1,289,700
--------------------547,050
Dividends (2 0 % ). 8,444,080
8,444,080
8,444,080
6,028,800
Balanco, surplus_S2,519,060
$3,525,559 $3,525,559 $3,670,816
r Earnings o f coal department, see be’ ow.
* Earnings o f coal dept. 1915, $22,802,210; expenses, $19,359,171; net,
$3,443,039; 1914 earnings, $23,949,079; exp., $15,592,073; net, $4,357,006.
D IV IS .— ’00-'05. '06-’07. ’08. ’09-T0. ’ l l . ’ 12-T3. '14. 1915. 1916.
6 6 y 'ly
6
6 y ’ly
4
4
6
Per c e n t____ 4 y 'ly 5 y ’ly
— (V . 99, p. 1832; V . 100, p. 2085; V . 101. p. 2071; V . 102. p. 1540.)
D E N V E R L A R A M IE & N O R T H W E S T E R N R R .— Owns Utah Jet. to
Greeley, Colo., 52 miles; trackage (Greeley Term . R y .) In G reeley, C olo.,
1.36 m.; Denver & Salt Lake. Denver to Utah Jet.. C olo., 3.23 m.; total.
56.59 miles. V. 94. p. 1249. 1382, 1565. 1626. Marshall B. Smith of
Denver is roceiver. In Doc. 1916 foreclosure sale was postponed until
Jan. 24 1917, and then to M ar. 14 1917. Receivers’ certificates and notes
out, $109,698; other loans and bills payable outstanding June 30 1916,
$263,546.
Bondholders' Protective Committee.— Includes Wrn. Barth and W . E Green
o f Denver, Colo; J. F. Wallace and A . R . Oppenhelm o f N ew York. O tto
Huber, Rock Island, 111., and others.
Stock auth., $30,000,000: outstanding June 30 1914, $29,072,000; tem
porary certs, for $1,409,200 prof, stock, par $100.
Bonds auth., $22,
600,000, at $30,000 per mile; $808,000 outstanding M ar. 1912 and $450,000
deposited under $225,000 6 mos. notes due N o v. 1912 given to secure ad
vances by stockholders, Including $125,000 to pay o ff debt and $100,000 to
build extension from Greeley to Severance, and $242,000 under $34,187
notes, tho salo o f which was enjoined in 1913. V. 96, p. 789, 947, 1296:
V . 94, p. 697. Car trusts Juno 30 1915, $62,738. Receiver's account for
year ending June 30 1916, gross, $134,756; net earnings, $3,309: other in
como, $9,152; int., taxes, rentals, &c., $30,781; bal., def., $18,321. For 6
mos. ending Dec. 31 1916, gross, $90,223. against $84,719; net, $14,526,
against $16,738.— (V . 100, p. 1751, 2166; V. 101, p. 773; V. 103, p. 2238.)
DENVER & RIO O RAN D E R R .— (See M a p .)— R O A D .— Mileage:
Hoad owned and operated_____ 2,4351 Of the preceding:
R io Gr. Jo. R R ., &o. (lea sed ).. 142 Standard gauge— .......... ......... 1,791
------- 1Narrow gauge only_____________ 786
Total operated June30 1916.2,577|Second track------------------------ 206
H IS T O R Y .— On July 31 1908 the Rio Grande Western was merged.
V. 87, p. 226, 285. Tho Rio Grande Junction (o f whoso stock the greater
iart Is owned) Is leased Jointly by this co. and the Colorado M idland, and
ts bonds guaranteed. V . 95, p. 1541; V . 97, p. 886. T h e Colo. Midland
Is controlled by parties Interested severally In the D . & R . G . and Colorado Sc
Southern, but see V . 99, p. 342. R io Grande Sou. has been controlled.
f
Touching tho Western Pacific as reorganized, Pres. II . U. Mudge, o f
D . & R. G ., on Aug. 21 1916, wrote: " I t is possible that by negotiations
later on a mutually advantageous readjustment o f financial relationships
betwoon Western Pacific interests and your company w ill be accom
plished.’ ’ V. 103 p. 1038. Prior to the reorganization the D . & R . G .
owned control and guaranteed the interest on the 1st M . bonds o f tho
W . P. In Jan. 1917, pending action in tho court regarding the m atter, tho
Wastern Pacific interests, following several conferences with representatives
o f tho I ). & R . G ., obtained a restraining order lim iting tho uses t i which
funds hold by the company in N . Y . C ity m ay be applied. Th e D . & R . G.
has employed an expert to investigate the equities o f the case w ith a view
to determining what sums, i f any, should properly be paid In case o f a
sottlomcnt o f tho guaranty claim V. 104, p. 256. Western Pac. & V . 102,
p. 155, 160, 1346; V. 104, p. 163. 257.
The stock ($200,000) o f Salt Lake C ity Union Depot & R R . Co. is about
equally owned by tho D. & R . G. and western Pacific, which guarantee its
$1,100,000 first mtgo. 30-year 5% bonds. V . 88, p. 232.
S T O C K .— T h e Missouri Pacific on June 30 1916 owned about a 30%
Interest In the stock, namely: $17,v95,000 common and $9,805,000 prel.
stock. V . 72, p. 338. 580. 1238; V. 73. p. 500.
.Calumet'
Saolt Su.M arie
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R A IL W A Y STOCKS A N D BONDS
A - o Old Forge
fO M I Q d M d f
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F e b ., 1917.]
47
RAILWAY STOCKS AND BONDS
M iles Dale
Road Bonds
R A IL R O A D C O M P A N IE S
[F or abbreoiattons, &c., see notes on first page]
Oenv & S a lt L R R — Stk held In vo t tr $35.000,000..
lst M $36,000,000 gold redeem 105--Ba.xc*&r*
Do cash Int: 3 % , 3 yrs; 4 % , 1 yr; then 5% . . x
Do cash Int: 4 yrs, 1, 2, 3& 4 % , resp, then 5 % .x
Adjustment (lncorno) bonds $2,000.000__________ x
Two-year notes $300,000 auth call 1 0 1 ____ Em.y
Equip notes g due $25,000 or $24,000 a-ann.Em.xc*
do
Pullman Com pany____________________
do
($19,000 duo M arch 1 1917)........ ........
do
due $8,000 s-a beginning Jan 1 1917____
Denver Un Term R y— 1st M red 105 beg '19 text.C C
Des M oines & F ort D odge— See Minneapolis & St L
es Moines Union— First M $800,000 g o ld ____Ce.zo*
et Bay C & W — 1st M $1,250,000 g red text s fF C .x c *
Detroit Grand Haven & M ilw — First equip M gu ..y o*
Oonsol M guar p & 1 Grand Trunk R y of Can ..y o *
8
text
text
text
Amount
Outstanding
Par
Value
Rate
%
When
Payable
4 1887
84.5 1912
189 1878
189 1878
1,000
1,000
671.000
658.000
2 ,000,000
1,000
200 Sec
D IV S. slnoe '911 '92, '93. ’ 94. ’ 95. '96. '97. ’98. '99. '00, '01 to Jan.’ l l
on preferred,
0 2 0 0 2 2
214 4 4
5 yearly.
B O N D S .— Improvement mortgage abstraot In “ Chronicle," V.47, p. 229.
Abstract of R . Q. W . 1st mort. was In V . 49, p. 237, and statement to
N. Y . Stook Exchange. V. 50. p. 73; also V. 69. p. 284. Utah Fuel 1st 5s
of 1931: see application to list, V. 78, p. 1171, 1178, 1548. 2015.
Rio G. W . First Consol. 4s of 1899, see V. 72, p. 537, 775, 1189.
The Refunding mtgo. dated July 1 1908 covers the consolidated properties
to secure an Issue of $150,000,000 bonds, redeemable at 105 to Aug. 1 1913
and 110 thereafter. In addition to a lien on the Denver & R . G. R R .. the
bonds are secured oy two-thirds ($50,000,000) of the stook of the Western
Pacific (V . 102, p. 155, 160), and all tho $25,000,000 2d mtge. bonds on tho
latter. V . 86, p. 1224. 1284, 1529; V. 87. p. 226, 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 o ff Jan. 1 1917 are refundable with
D . & It. G. Ref. M tgo. bonds. V. 103, p. 2340.
The Adjustment mtge. (7% cum. Income) bonds authorized In April 1912
(total $25,000,000, present Issue $10,000,000) received their first Install
ment or Interest absolutely on Oct. 1 1912, tfnd are since entitled (A . & O .)
to such amount as the board shall determine out o f surplus not Income
during the six months ending Dec. 31 or June 30 Immediately preceding,
all arrears, if any, to be paid at maturity or at date o f earlier redemption.
Redeemable at 115 any Interest date; 3 4 % Interest declared, payable semi
4
annually from April 1 1912 to and Including April 1 1916. V . 97, p. 728,
1426; V. 101. p. 773. V. 94. p. 911. 1565; V. 103, p. 493.
3.200,000
5g
5g
6
6
M
A
A
A
Places Where Interest and
Dividends are Payable
& N
& N
& N
& N
&A15
Sc A
& O
& S
$100 $11,070,300
6g
5
1913 $,£,fr,&c 2.991.000
Sc 4 427.000 3-4-5
1913 $, £, < c
1.734.000 1-2-3-4-5
1913 $ . £ , Sec
2,000.000 Up to5%
$ 1,000
1913
217.000
6
1915 1.000 &c
338.000
1,000
1913
6g
106.000
1913
5g
1915
39,500
5
1915
88,000
6
1914
1,000 4.000,000
4H a
Last Dividend
and Maturity
M ay 1 1943
M a y 1 1943
M a y 1 1943
M a y 1 1943
Feb 15 1917
M a r'1 7 -M a r’ 23
A p r ’ 17 - Oct '20
M ar'17 - Septl7
July’ 17-July’22
M ar 1 1964
Funded, then defaulted
do
do
do
do
N ew Y ork
Em pire Trust Co, N Y
do
do
M erch L & T r C o, Chic
Columbia Trust C o, N Y
Com m er’l Trust Co, Phil
Cont & Com Tr& SB ,Chic
&
&
&
&
N ov
Oct
N ov
N ov
Central Trust Co, N Y
First T r & Sav Bk, Chic
New Y ork and London
do
do
N
O
O
O
11917
1932
141918
151918
bonds and also on N orthw. Term , bonds for two consecutive years, but
thereafter fixed 2d M . 5s.
In Feb. 1915 the Issuance o f $300,000 2-year 6% notes secured by 1st M .
bonds taken at 50 was authorized. T o discharge the remainder o f $450,000
floating debt bondholders were requested to fund their M a y and N o v . 1915
coupons into 1st M . bonds, taking the latter at 75, per plan. V . 100, p. 732,
811 (producing $250,000) and Interests Identified with the management
were to fund notes aggregating $163,962 by taking 1st M . bonds at same
rlce. In N o v . 1915 plan was declared operative, over 92% o f the bonds
aving been deposited with Bankers T r. C o., N . Y .
In this connection
$217,000 of tho aforesaid 2-year notes were sold to pay floating debt and
$50,000 were pledged to secure a $50,000 debt extended for two years,
leaving $33,000 2-yoar notes in the treasury.
On M a y 1 1916 the 1st M . interest was defaulted and a reorganization
plan was in preparation providing for the building o f the long proposed
tunnel through the Continental Divide, this outlet being necessary to the
successful operation o f the property. Report by expert M cKenna advises
construction o f now 17-mile cutoff, Including tho 4-mile tunnel, at a cost
o f $2,952,000 and a total expenditure o f $5,266,821 for all purposes to make
possible economical operations. I f this is dono in the next two years, the
following year, it is estimated, should show with a coal traffic o f 1,026,000
tons gross earnings o f $2,225,697 and not income, after taxes, o f $824,000,
increasing to $957,000 and $1,104,000 In the next two years. See V. 102,
p. 2071. As o f June 30 1915 loans and bills payable were $302,461; car
trusts, $657,502.
Equipment notos o f 1913, see V . 96, p. 553, 1088 V . 97, p. 526.
S
E A R N IN G S .— 6 mos.,/1916..........Gross, $14,087,322; net, $5,396,791
July 1 to Dec. 31.
\1915..........Gross. 13,512.921; not. 4,992,723
A N N U A L R E P O R T — For 1915-16, V , 103. p. 1028. 1037, 976.
June 30 Years—
1915^1? i „
1914-16.
1913-14.
Average miles operated-----------------2,572
2,571
2,583
Tota l operating revenue----------------- $21,823,236 $23,593,641
N e t rovenue_________________________ l ? ’ nno n lo $7,533,565 $7,133,072
Taxes and uncollectibles---------------1,092,968
1,021,958
1,009,508
E A R N IN G S .— For fiscal year and the 10 months ending A pril 30:
V . 101, p. 1806.
-Fiscal Year end. June 30----10 Mos. end. A p r. 301915-16.
1914-15.
1913-14.
1915-16.
Operating revenues____ $1,893,747 $1,639,455 $1,207,517 $1,580,699
Operating expenses____
1,119,929
1,367,680
919,586
1.142.363
Operating Income----------------------$6,511,607 86,123,564
Other lncorno.......................................
1,027,731
1,241,181
1,262.934
N et rovenue_________
T a x accruals___________
$526,066
90.503
$519,526
94,889
$287,931
69,728
$438,336
75,641
Total not Income..................$I 9 ’9 § M 3 7
$7,752,788
Interest on bonds, & c.................
. $4,982,143 $5,007,103
Interest on adjustment mtgo. bonds.(7%)700,000
689,471
Rentals, & c.........................................
587,206
637.484
Renowal fund........ ............................
137,661
137,732
Sinking fund.........................• - - £ —
„ 1^9.737
135,313
Appropriations for betterments,
2,300,000
211,045
$7,386,498
$5,014,536
611,499
360,089
137.722
126,167
80,927
Operating income____
Other Income (n e t)_____
$435,399
$424,637
25,253
$218,203
48,210
$362,695
10.458
Rontal o f terminals____
Interest on funded debt.
..............
$449,890
109,534
317,056
$266,413
109,437
303,016
$373,153
90,440
347,741
Surplus........ ......................................$1,228,690
$934,640
$1,055,558
O F F IC E R S .— I’ res., H . U . Mudge; V.-Ps., KIngdon Gould and Arthur
E . Sweet; Sec., John Is. Howland; Treas., T . H . Marshall, Denver; Asst.
Treas., Jesse White. V. 101. p. 1 ^ 2 , 1627. Office, 165 Broadway, N . Y .
Directors.— George J. Gould, Iv. r . Jeffery, KIngdon Gould, Arthur
Coppell, Edward D. Adams, Finley J. Shepherd, B. B. M cAlpln, Gcorgo
G. Haven and Harrison Williams, N . Y .; H U. Mudgo, Denver; Benj. F.
Bush, St. Louis.— (V . 103, p. 239, 493, 1028, 1037, 1508, 2078, 2340; V.
104, p. 72, 163, 256.)
D E N V E R & S A L T L A K E R R .— Projected from Denver to Salt Lake,
about 575 miles, along a line about 100 miles south o f the Union Pacific and
125 miles north of the Denver Sc Rio Grande. In 1916 256 miles, Denver to
Craig, was In operation ,lncl. Steamboat Bprlngs to C raig , 41 miles, opened
Doc. 1 1913. V. 96, p. 1403, 1641; V. 96, p. 1088; V. 97. p. 1601
The electors o f Denver on M ay 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 <»t!mated cost of $4,420,000,
of which this company Is to pay the cost above $3,000,000. and also Interest
on the city bonds and maintenance and l ^ y e a r l y t o retire tho bonds. C ity
bonds auth. Fob. 17 1914 were on July 8 1914.declared illegal by the C olo
rado Supreme Court. V. 90. p- 1488. V. 92. P- 1310, V. 95, p. 1403, 1122;
V . 90, n. 1488. V. 97. p. 1024. 1503, V. 98. p. 73. 610, 702; V. 99, p.119,1597.
O R G A N IZ A T IO N .— Incorp. In Colo. Dec. 1912 and took over as of
S T O C K .— Authorized Issue Increased In M ay 191.3 rrom $10,000,000 to
$35,000,000. Tho $11,670,300 Issued Is all held in 5-year voting trust ex
piring M a y 1 1918. V. 96. p. 1088, 1438; V. 99. p. 1597. In Sept. 1915
Newman 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 o f directors; Gerald Hughes, Fred. G. M offa t and Cnas.
Boettcher o f Denver: Ward E. Pearson, Geo. II. Burr and W . M . Wadden. N . Y . V. 101. p. 1464.
B O N D S .— All graduated 1st M . bonds wore for tho first four years to
ecelve full 1st M . 5s for difference between 5% and rate payable in cash.
(1) T o bear cash Int., payable semi-annually as follows: 3% per
annum for first 3 years. 4% for 4th year and 5% yearly there
after. There was placed In trust $132,810 cash to be applied
In paying 2% on account of the 3% Int. payable for the first
year and 1% of the 3% int. payable the 2d year, say----------- $4,427,000
(2) T o bo Issued bearing cash Interest, payable semi-annually, as
follows: 1% per annum for first year; 2% for 2d year; 3% for
3d year; 4% for 4th year and 5% yearly thereafter, s a y ----- $1,734,000
(3) T o ho lssuod bearing from tho outset full 5% Interest—■
For difference cash payment 1% and 3% graded Interest_____ $486,225
The $2,000,000 adjustment mortgage bonds are to be 5% non-cum. Incomes
until the not earnings are 150% of the full 5% on all outstanding 1st M .
E A R N IN G S .— 6 mos.,/1916............... Gross, $1,096,159; net, $269,220
July 1 to Dec. 31.
\1915............... Gross, 1,076,828; net, 332,720
N ot incomo__________
_____ ___ sur$23,300 def$146.040 def $65.028
O F F IC E R S .— Charles Boettcher, Pres.; W . E. Morse, Vice-Pros. &
Gen. M gr.; Gerald Hughes, Sec., and E. I. Grenfell, Aud., Denver; W illiam
Wadden, Vico-Pres. & Asst. Sec.; Ward E. Pearson, Treas., N ew York.
Directors, see above.— (V . 102, p. 1718, 1811, 1987, 2071.)
(T H E ) D E N V E R U N IO N T E R M IN A L R Y .— T o take over the Union
Depot & 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 Sc 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), o f which $4,000,000 were
sold to the Union Pacific. V. 97, p. 1024,1115: V . 98, p. 762; V. 99, p. 406.
Pres., A . E . Sweet; V .-P ., E. S. Koller; Treas., Chas. S. Haughwout; Sec. Sc
Aud., P. R . M orris. Office, Denver, Colo.— (V . 99, p. 406.)
DES M O IN E S & F O R T D O D Q E R R .— See M in n ea p olis* St. Louis R R .
DES MOINES UNION R Y .— Termlnal'roadln DesMoines; 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 .
Stook Exchange In V. 65, p. 1173. Leased to Wabash R R .. Chicago Great
Western, Chic. M ilw . & St. P. R y ., Chic. Burl. Sc Quincy R R . and Mlnneap.
Sc St. Louis R R . V. 75. p. 342. Rental equal to expenses and fixed chges.
paid monthly by lessees on wheelage basis. Stock auth., $2,000,000: out..
$400,000; par, .$100. Y ear 1916, gross, $108,020; net, $66,205; other
income, $156,715: int., taxes, &c., $77,632; bal., sur., $136,389. Court
decision as to ownership, V. 102, p. 1346.
D E T R O IT B A Y C I T Y & W E S T E R N R R .— Owns Bay C ity . M ich., to
Port Huron, 102 miles, including extension 31 miles in length, completed in
1916. Stock, all out, $450,000. The 1st gold 5s ($1,250,000 auth. issue)
are redeemable at par prior to Oct. 1 1922. thereafter at 105.
In Sept. 1916, 8108,000 bonds were sold for 13J^-milo extension from
Peck to Fargo. Th e $592,000 unissued are reserved for extensions at not
exceeding $8,000 per mile and 75% o f cost o f additional terminal facilities,
provided tho annual net earnings are twice the Interest charges, including
bonds to bo 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;
bal., sur., $51,432. Pres., Thomas L . Handy; V.-Pres., O. W . Handy;
Treas., G. W . Handy; Sec., F . S. Handy. Office, B ay C ity, M ich.— (V .
102, p. 2254; V 103, p. 1117.)
D E T R O IT O R A N D H A V E N & M IL W A U K E E R Y .— Owns from De
troit to Grand Haven. M ich., 189 miles. Real estate bonds, &c., $226,000.
On June 30 1914 sundry outstanding accounts, $4,204,108. Grand Trunk
of Canada owns entire $1,500,000 stock.
E A R N IN G S .— 5 mos.,/1916...............Gross, $1,396,593: net, $192,167
July 1 to N o v . 30.
\1915------------ Gross, 1,377,111; net, 485,647
Year ending June 30 1914. gross, $2,558,130; net, after taxes, $247,578;
other lncomo, $10,476: charges, $671,878: Impts., $114; bal., def., $413,939.
Yoar 1914-15. gross, $2,655,552; net, $363,740; 1915-16, gross, $3,242,210;
net, $783,443.— (V . 96, p. 789.)
R A IL W A Y STOCKS A N D BONDS
(V o l . 1 0 4 .
QC
F e b .. 1917 |
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
(F or abbreviations, & c., see notes on first page]
Date
M iles
Road Bonds
Detroit Hillsda!c& S W — Stock 4% ren talN YR C entB U
05
Detroit & Mackinac— Common stock. $2,000,000 autli
Pref stock non-cum S t.000,000 auth (V 74, p 6 2 9 )..
"F irst lien” $1,500,000 sold__________________ Qxo'
All
"M ortgage bonds" $1,750,000 g red at p a r____ Gxc
All
Detroit Mackinac & Marquette R v .— See "Mlscelian eon» C
D etro it R iv T u n — 1st M $30,000,000 gu e n d.G ,xc*r*
2.72
Detroit Toledo ft Ironton—
Common stock $0.500,000_______________________
P re f stock (p & d ) non-cum 4% A partlc. $0,000,000
First M gold red 105________________ _______N .yc*
AdJ (Inc) M $8,000,000 g cum a ft Jan 19 red text.C e
Car trusts due s-a $25 M 1915, then $50 M .......... N
Equipment gold notos o f 1915 $132.000..-............
48
Det & Tol Sh L— 1st M $3,000,000 g gu........ Ba.xo* Ar
Dover & Rockaway— Stock 0% rental 990 years____
218
Oub St Sioux C ity— 1 1 Cent W lines 1st M g -.U s ,o * A r
1
184
Iow a Falls A Sioux City 1st M Iowa F to SlouxCy._z
328
Cher & Dak.C R & C and Omaha Dlv Ao first mtge
210
Duluth & Iron Range— First mortgage------ Mp.zoAr
05
Duluth Mlssabe & Northern— First mortgage gold _.z
361
General mortgage gold s f, red 105____________ Nxo*
Duluth Rainy Lake St Winnipeg— See Dul Win A Pao.
130
Duluth So Sh St Atlantic— Marq H & On gen M .Ce.zc*
604
Duluth South Shore A Atlantic 1st M g ..C e.xoA r
604
First consol mtge gold Interest guar— Ce.zo*Ar
Income certs held bv Can Pa o_---------------------------z
Car trusts held by Can Pacific R y ----------------------do
do
do
----------------- -— z
do
do
do due $31,000 s-a.C e.xc
do
do
do due $11,000 s-a
x
Du Winn & Pac— 1st M deb stock guar by Can Nor Ry
Dul R L A W in 1st M exten’d gred 100 Joint guar. ICo*
42
Durham & So Car— 1st M $300,000 g red 10 5 ..M eB ax
Durham Union Station— First M $75,000 g-_G ,xo *A r
Dutchess County R R — See Central New England R y
East Broad Top RR & Coal— 1st M ext 1908----------2d M Incomes_______________________________________
Shade Gap 1st mortgage-------------------------------- c*
Amount
Outstanding
Par
Value
Rate
%
When
Payable
$100 $1,350,000
4
J
100 2,000.000 5% 1916 J
100
950,0005 in 1916 J
1,050.000
4g
1,000
J
1395
1,000
1.250.001
4 g
J
1895
lea.”
1,000 18,000,000;
\y 2 g M
1911
1914
1914
1916
1903
1895
1869
’
88-00
1887
1892
1906
1885
1887
1890
1892
1896
1912
1912.
1913
1909
1900
1905
1905
1908
1908
1908
100
100
1.000
100 Ac
5.000
100
1.000
100
1,000
0O6 Ac
1,000 Ac
1,000
Last Dividend
and M aturity
1.077,000
3.816,000
15,107.000
3.000,000
86,213
11,600
62,000
143,000
7,011,324
1.000
2,000,000
1.000
300.000
l.OOOAo
60.000
600,000
464,400
92,500
J Jan 51917 2% Farmers’ L A Tr Co. N V
J Jan 2 1917 2 H II K M cIIarg, New York
J Jan 21917 2 H
do
do
I) June 1 1995
J P Morgan A Co. N Y
D June 1 1995
do
do
A
N M a y 1 1961
0
A A
5 g
J A
F A
4g
4
5
F A
4
4H g J A
A A
4M
4
J A
J A
5 g
5 g
M A
M A
5 g
4
4
J
J
J
Places Where Interest and
Dividends are Payable
A
A
A
A
A
6,500,000........ .
5 ,9 8 9 ,9 9 8 ...........
1,125,000
J & J Mch 1 1964
5g
7,628.868 Up to 5 Semi- an M ch 1 1954
100.000
«
A A O 15 Apr ’ 17-Oct T7
117,000
6
N o v 1 1925
3.000.001
J A j Jan 1 1953
4 g
150,00C
6
A A 0 Oct 1916 3%
5,425,000
F & A Aug 1 1951
4g
2.800,006
7
A A O Oct 1 1917
8.930,000 Illinois C entral bo nds or collatera
8,151,000
5
A A O Oct 1 1937
1,174,000
6 g
J
A J Jan 1 1922
10,665,000
5 g
J <c J Jan 1 1941
3
1,000
1,000
1,000
1.000
100 Ac
500
49
A
A
A
IN ew Y ork Trust Co
N ew Y ork Trust Co
Bankers Tr Co, N Y
143 Liberty St New York
M
32 Nassau St, N Y
lo
do
Company's office. N
O Apr 1 1925
J Jan 1 1937
A Aug 11990
Y
do
A Aug 1 1917
D Dec 1 1917
<) Apr 1 1923
n June 1 1939
J Jan 1 1921
H July 1 1941
N May 1 1955
J Jan 1 1958
J July 1 1958
J July 1 1958
do
do
do
do
48
D ETRO IT H IL L S D A L E & SOUTHW ESTERN R R .— Owns Ypsllanti.
Mich., to Bankers, M ich ., 65 in. Leased in perpetuity July 1 1881 to L . S.
A M . S. R y . (now N . Y . Cent. I IR .); rental, $54,000 per year— 4% on stk.
D ETRO IT & M A C K IN A C R Y .— Owns from Bay City, Mich., to Cheboy
gan. 195 m.; Au Sable division (form erly A . S. A N . W . R R .). 50 m.; Rose
C ity Branch, 31 in.; Prescott Branch. 12 in.; Lincoln Branch, 14 m.; Au
Gres Branch. 8 m .: Alabaster Branch, 4 m.: Hillman division. Alpena to
Hillman, M ich., 22 m.; Rogers C ity Branch, 14 m.; logging branches
(largely tem porary), 36 m.; total, July l 1916, 387.12 m. In 1915-16, for
est products, 26.44% o f traffic. Henry K . M cIIa rg and associates control,
BO N DS.— “ Mortgage bonds” for $500,000 were reserved for betterments,
Ac., at not over $50,000 per year. V. 74, p. 629. In addition to the
amounts shown above as outstanding, $450,000 “ tlrst lien” and $500,000
“ mortgago” bonds wero on Juno 30 1915 held In treasury. Loans and bills
payable outstanding Juno 30 1916, $90,000.
D IV ID E N D S .— On prof., 2 H % July 1 1903; since to Jan. 1917, 5% y ’ly.
On common. In 1911 to Jan. 1917, 5% yearly (except July 1915 none).
L A T E S T E A R N IN G S .— 11916............Gross, $647,679; net, $172,923
137,072
6 mos., July 1 to Dec. 31.(1915--------- Gross,! 569,303; [net,
itlilP O R T .— Report for year ending Juno 30 1916 in V . 103 p 2074’
Year
Gross
Net,after Other
In i.,
Pf.Divs. Common Balance,
,/’nc30. Earns.
Taxes. Income. Rent,&c. (5 % ).
Dividends
Surnlus.
1916.$1,175,726 $280,637 $71,384 $99,700 $47,500 (5)$100 000 $104 820
1915. 1,077.317 201,091 63,319 98,496 47,500 (2 ^ )5 0 000
68,414
— (V . 103, p. 1687, 2074.)
’
’
D E T R O IT R IV E R T U N N E L C O.— Owns double-tubo tunnel and ap
proaches under tho 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. & Int., o f tho
bonds and 4% on tho stock. O f tho $30,000,000 bonds, $12,000,000 are
reserved under restrictions foe additions and improvements. Interest rate
not to exceed 5% . V . 92, p. 1499; V. 93, p. 469; V. 94, p . 123; V. 98 p.
230, 386, 1156, 1244. 1693.— (V . 98, p. 1814.)
1
1
D E T R O IT T O L E D O & IR O N T O N R R .— Road from Detroit. M ich., to
Ironton. via Lim a, 389 m .. Including 45 m. o f trackage; branches Kingman
to Sedalia, O ., 31 m.; Jackson to Cornelia, 19 m .t and Lisman Jet. to Dean
O .. 3 m.; total. 441 m.; coal mino tracks, sidings, A c., 154 miles
Incorp’
In Dela. M ar. 1 1914 as successor, per plan V 97, p . 1821, o f tho Railway
foreclosed. Operates as lessee from M a y 1 1916 (but keens accounts.separ
ate) Toledo & D etroit R R ., Junction to Dundee, 21 miles, V. 103, p. 60
B O N D S , A O .— Tho Issue under tho first mortgago is not lim ited, but
$1,000,000 thereof w ill bo disposed o f solely to rehabilitate tho property
and provide for equipment and payment o f equipment lions 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
carofully guarded restrictions, for Improvements, extensions A c
The
Ohio P. U. Commission in Juno 1916 authorized tho issuance o f 8100 000
1st M . 50-yoar 5% bonds at not less than 88 to provido for tlio purchase o f
0 locomotives and 16 refrlgorating cars.— V. 102, p. 2341.
1
Adjustment Mortgage Bonds ($8,000,000 authorized).— Entitled to Inter
est. payable semi-annually, at such rate, not exceeding 5% nor annum as
the surplus or the net income as defined in the mortgage shall suffice to nav
Tho interest will be cumulative from Jan. 1 1919, but there wlll bo no Hghi
o f foreclosure until maturity o f tho principal o f the bonds ° T h ev are calla
ble as a wholo with Interest as follows: A t 70% during first vear at 75%
In 2d year, at 80% In. 3d[ year a t :85% in 4R, ye°ar at oV% W h Vcar a n l
nt par thereafter. Until the full 5% Int. shall have been paid for 2 successive
years and at least for 5 years from date o f the mortgago, the holders have
tho right to cast one vote for each $100 face amount at all moetlngs o f the
stockholders, but this right may, at the option o f the new company, be
terminated upon its agreement to pay the Interest thereon absolutely.
Tho Tolodo & Detroit R R . (leased) has $460,000 bonds outstanding.
E A R N IN G S .— 0 mos., f 1916-- ........Gross, $1,203,631; not, $252,636
July 1 to Dec. 31.
\1915— ........Gross, 1,090,619; not, 303,787
R E P O R T .— For year ending Juno 30 1916 in V . 103, p. 1408.
Year
Gross
Net
Other Int.,Rents,
Balance,
Covered—
Earnings. Earnings.
Income. Taxes,dec. S u r.o r Def.
J gJfcW -........... $2,212,266
$001,172 $35,595 $308,830 sur$327,937
9 4-15............ 1.707.580
136.136 a45.981 x.314.251 def. 132,134
1913-14----1,513,953 loss 776,362 (Receiver disch’d Feb. 28 1914.)
n Rents o f track $30,806; other rent, $3,753; interest, $976. x In
cludes Interest on funded dobt, and receiver’s certificates, $68,242: hire o f
£< Y t e ont’ . deV
?
,It b;Uanc°. $112,120; taxes, $72,967; rent o f tracks,
$51,086; miscellaneous, $4 416
Directors: James M . Kurn (Pres.), Detroit; W illiam Church Osborn
DET ROIT & TOLEDO SHORE L I N E R R .— Extends from Toledo to
(suburbs of) Detroit. 47.6 m.; 2d track. 20 m.; sidings, 3 m.; trackage over
Toledo R y. A Term. Co., Ao.. 31 m.; total traok. 101.6 m. V 78. p. 2598.
The Grand Trunk Western R y . and the Toledo St. Louis A Western R R .
own the entire $1,428,000 stock and Jointly guarantee the bonds, principal
and Interest, by endorsement. See form of guaranty, V. 70, p. 053
First
dividend, 4% , paid from earnings prior to June 30 1908: in Dscal year
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 $630,000, from accumulated surplus,
paid in 1st M . 4s); 1914-15. 8% and 0% extra. V. 99. p. 1360.
E A R N IN G S .— 6 mos., (1916................Gross, $836,894; net, $433,839
July l to Dec. 31.
(1915-------- --.G ross.
785,809; not, 401,791
Y ear 1915-16, grass, $1,706,518; not income, $898,532; int., rentals. &c..
$454,121; divs. (8 % ). $114,240; bal., sur.. $334,953. Pres., Walter l !
Ross.— (V . 99. p. 1360.)
_ D U BU Q U E & S IO U X C I T Y R R .— (See M ap o f Illin ois Central.)—
Dubuque, la ., to Sioux C ity, la ., 326 miles; Tara, la ., to Council B luffs,
la ., 133 m.; Manchester, la ., to Cedar Rapids, la ., 42 m.; Cedar Falls. Ia .,
to Glonvillo, M inn., 95 m.; Stacyvillo, la ., to Stacyvillo Jet., Ia., 8 m.;
Cherokee, Ia., to Onawa, Ia., 61 m.; Cherokee, Ia., to Sioux Falls, 9. D .,
96 m.; total owned, 761.98 miles.
O R G A N IZ A T IO N .— Controlled since April 1887 by the Illinois Centra1
R R ., which owns nearly all the $11,759,500 stock and has Issued Its own
bonds on the road; the only D. A S. C. bonds held by the public are the Iow a
Falls A Sioux City 7s. $2,800,000. Lease, V . 79. p. 1274; V. 89, p. 470.
D U L U T H & IR O N R A N G E R R .— Owns Duluth to W inton, M inn.,
120.12 m.; Tow er Jet. to Tower, 1.40 m.; Allen Jet, to Virginia, 24.48 m.;
M cK inley to Eveleth, 9.05 m.; W aldo to Winton, 15.62 m.; Mesaba to
Dunka River, 18.29 m.; Robinson to Burntside Lake, 3.16 m.; other
branches, 12.22 m.; branches and spurs, 83.23 m.; trackage to Union Depot.
Duluth, 0.80 m.; total, 287.77 miles. Second track and sidings. 248.23 m .
Owns ore docks and yards on Lake Superior costing over $1.560.000.
STO CK , A c.— Stock, auth., $10,000,000; out., $6,500,000. Federal
Steel Co. (see U. 8. Steel Corp.) owns tho stock. Tho $4,500,600 2d M .
6s were paid o ff Jan. 1 1916 out o f earnings. First m tge., auth., $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 fiscal year
1909-10, 100%; 1910-11, 135%: 1911-12 and 1912-13, 90%; 1913-14, 75%;
1914-15, 20% ; 1915-16. 50%.
E A R N IN G S .— 6 m os.,(1916............Gross, $4,550,770; net, $2,278,021
July 1 to Dec. 31.
\1915--------- Gross, 3,873,188; net, 1,949,635
R E P O R T .— For year ending Doc. 31 1915, V . 102, p. 1866. gross earn
ings wero $5,966,931; net, $2,742,839: other income, $249,435: int. and
charges, $965,828: dividends (5 0 % ). $1,500,000; bal., sur., $526,445. In
1914, gross was $4,534,063 and net$l,357,872.— (V . 102, p. 1806.)
D U L U T H M ISS AB E & N O R T H E R N R Y .— Owns from Stony Brook to
Mountain Iron, M inn., 48.32 m.; Mlssabe Jet. to Columbia Jet . 29.34 m ;
Iron Jet to Biwabik, M in n.. 15.37 m.; W o lf to Hlbblng, M in n., 17.26 m ;
W olf to Virginia, M inn., 6.30 m.; Hull Jet. to Hull Rust Yard. M I dd ..
18.15 m.: main line branches, 38.55 m.; branch from Alborn northwesterly
to Coleraine, M inn., 53 miles; other branches and spurs, 142.88 miles; sec
ond track and sidings, 309.40 miles; trackage to Union D epot, Duluth. 1.9
miles, and Mlssabe Junction to Spirit Lake Transfer Connection. Minn..
5.17 m. Also leases from Spirit Lake Transfer R y . (V . 104, p. 664) and
Interstate Transfer R y ., 24.96 m ., with .62 m. branches and spurs and 8.94
m. yard tracks and sidings. Owns oxtonsive ore docks at Duluth. Entiro
$4,112,500 stock controlled by U. S. Steel Corp.
BO NDS.— O f the gen. 5s of 1906, bonds are reserved to retire the under
lying bonds: additional bonds may be Issued at not over $30,000 per mile for
additional single main track and $20,000 for second, third and fourth main
tracks and for not over 75% o f cost o f improvements, Ac. Sink. fd.. 2% y ly .
(lncl. bonds in s. f.) retires by lot at 105. V.88,p.822; V . 98, p. 1693. 1844.
D IV ID E N D S paid fiscal years onding Juno 30: 1912. 100%; 1913, 85%
1914, 75%; 1915, 10%; 1915-16, 75%.
E A R N IN G S .— 6 m os.,(1 9 1 6 --------Gross, $9,729,480: net, $5,841,271
July 1 to Dec. 31.
(1915--------Gross, 6,810,206: net, 4,033,937
R E P O R T .— For year ending Dec. 31 1915, V . 102, p. 1806: Gross earn
ings, $9,909,549; net, $5,523,946: other incomo, $187,701; interest and
charges, $1,152,422: dividends (7 5 % ). $3,084,375: bal., sur., $1,474,850.
In 1914 gross was $4,999,184; not, $1,372,020.— (V . 102, p. 1436. 1806.)
D U L U T H S O U T H S H O R E & A T L A N T I C R Y .— Operates Superior to
Sault Ste. M arie, 410 miles; "S oo” Junction to St. Ignace, 43 miles; other,
175 miles; total, 628 miles. Including 24 miles o f trackage.
C A P IT A L S T O C K .— Common, $12,000,000: pref. 6% non-cum., $10.'X)0.000: par. both $100. Can. Pao. July 1 1910 owned $6,100,000 com. and
$5,100,600 pref. stook, $3.000.060 Incomes and $15,107,066 consols.
BONDS, Ao.— Abstract first mortgage, V . 45, p. 274.
The flrst consolidated mortgage of 1890 has Interest at 4% , guaranteed
by Can. Pao., which July 1 1916 held the entire outstanding Issue ($15,107 000) In Its treasury as security for Its 4% debenture stock: consols for $4,
893,000 are reserved for prior bonds, and additional amounts may be Issued
at $20,000 per mile of new lines.
Due Canadian Paclflo R v . Jan, 1 1917
for guaranteed Interest advances. $9.544.335
Car trusts o f 1896.886,213.
Loans and bills payable. June 30 1916, $950,000; car trusts. $302,813.
E A R N IN G S .— For 6 months ending Dec. 31:
6 M o s .—
Gross.
Net.
Oper. In c.
Charges.
Bal., Surp.
1916........ $2,014,847
$626,763
$32,354
$611,157
$47,960
1915........ 1,770,951
570,770
24,838
607,853
def. 12,245
R E P O R T .— Report for year ending June 30 1916 In V . 103. p. 1207.
Of the tonnage In 1915-16. ores furnished 39%. lumber, Ac., 25%.
Year—
Gross.
Oper.Inc. Other In c.
Charges. Bal..D ef.
1915-16....................$3,506,792 $772,614 $58,678 $971,612 $140,320
1914-15 .................... 2,938.597 339.342
40,707
937.192
557.083
Pros., A . B. Eldrldge, M arquette, M ich.— (V . 103, p. 1207.)
D U L U T H W I N N I P E G St P A C IF IC R V .— Owns entire $2,000,000 stock
of Duluth Rainy Lake A Winnipeg R y ., Virginia, Minn., north to the Cana
dian Northern at International Falls, 98 miles, giving that road access
to Duluth and T w o Harbors; Virginia to Duluth, 81 miles. Capital
stock auth., $6,000,000; par. $100.
Controlled by Canadian Northern
R y ., V . 98, p. 1601; V. 102, p. 152.
S E C U R IT IE S .— The first mtge. 4% deb. stock of 1910 is guar., p. A I., bv
tho Canadian Northern R y . O f the $10,500,000 auth. issue, £1.473,358
has been sold, $1,525,000 was issued to retiro existing securities. 82,
000.000 is reserved to retire the Duluth Rainy Lake & Winnipeg bonds (ex
tended in 1916 to 1921), the remaining bonds to be available for further ex
tensions, &c. On payment o f D . R . L . A W . bonds in 1921 its property
will be transferred to the company, so that the debenture stock will become
a first charge on 173 miles, the D . R . L . & W . stock in the meantime b e i n g
vested with the trustees, the National Trust Co. o f Toronto and the Britisu
Empire Trust Co. V. 102, p. 152; V. 90. p. 1490: V. 91, p. 154. 1322
O
o
>
co
Q
£
O
p
q
Q
5
5
co
M
o
o
H
C
O
PH
<
§
<3
©
«5
EB., 1917.]
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
(F or abbreviations, A c., see notes on first page. ]
East Carolina R y— First mortgage 5300.000 g o ld . ..
East Mahanoy R R — Stock-----------------------------------East Pennsylvania— Stook 6% guar 909 yrs Phlla A R
First mtge gold guar p A 1 by P A R R R (end) kvc*
East Tennessee Virginia & Georgia— See Southern Ry
East Tenn & \V No Car— 1st M g (V 81 p 1723)QuP.zo*
Eastern Ry o f Minnesota— See Great Northern
Edm onton D unv & Br C ol— 1st M deh stk «u see text
1st M (on extensions) $2,420,000 g $20,000 p m .
El Paso & Northeast— N M R y & C ool tr g red 105. Nx
N M R y & Coal M g o l d ___
Eg x
Alain & Sac M t first mtge 5900,000 gold'guar ".'. Nx
El Paso & Rook Isl lslt M $2.o00,000g guar..E g.xo*
Dawson R y & Coal col trust gold guar p & I.Eu.xo*
El Paso S ou th w estern C o —Funded debt__________
El Paso & S W R R — 1st & R ef M g $25,000 p m ___F
El Paso Union Pass Depot— 1st M g 5240,000 sf.E g.x
Elgin Joliet & Eastern— 1st M (510.000.000) g.Cex.o*
E lk in & A lle g h a n y — 1st M gold red 107>3-Ba.x*c
1st & K ef M $3,750,000 gold......................Col.xx
Income bonds $750,000................................. C ol.xx
Elmira & Lake Ont— Sod us Bay A So— 1st M g-U n.xc
Elmira & William sport— Stock oom 5% rental----- N.o
Preferred stock 7% rental 999 years Northern Cent
First mortgage extended 1 9 1 0 .......... - ................ kv
Income bonds 999 years to run_________________ zc*
E rie & K alam azoo (leased) stock Toledo to Palmyra
Erie & Pittsburgh— Stock 7% rental 999 yrs Penn Co.
Speolal guaranteed betterment stock 52,500.000___
General mtge (now 1st) 54,500.000 gold guar.Un.k
Erie Railroad— Common stock 5153,000,000 auth____
Second pref stook 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 xo*
Second mortgage (extended In 1879) gold
zo*
Third mortgage (extended In 1883) gold
zo*
Fourtn m oitgage (extended In 1880) gold
’ zo*
Fifth mortgage (extended in 1888) gold___
xc*
Erie R y 1st M Bull Br Hornellsv to A ttica gold zo*
___First consol mtge 530.000.000 gold 5 or £ f ’ zo*
Miles
Date
Road Bonds
38
1906
P ar
Value
$1,000
50
50
1.000
"36
36
1888
34
1905
1.000
357
120
lot
1912
1916
1897
1901
1898
1901
1901
1916
1915
1905
1891
1911
1914
1911
1884
£1 &C
1,000
1.000
1.000
1.000
1.000
1.000
31
128
133
458
4X
181
I860
1863
1890
447
447
447
475
476
60
526
1847
1849
1853
1867
1858
1861
1870
1.000
1,000
1,000
1.000
1.000
50
50
1,000
500
50
50
50
1,000
100
100
100
Rale
%
$300,000
497,750
2.126,900
495.000
4g
5
6
4g
a s r ^ h s c ^ & x
L
EAST M A H A N O Y R R .— Owns from East Mahauov Junction to qr
Nicholas and branches. 11.35 m.; 2d track, 4.26 m - t o t a l track 21 on m
Rc-leased Deo. 1 1896 for 999 years to Little Schuylkill
RH a p o K
'
at 5% on stock, and lease assigned to Phlla. A Read n g R v
n'f
8280.000 was deposited by Reading Co. under lts genera^ mortgage
’
EAST P E N N S Y L V A N IA R R .— Owns Reading p a t o A lle n t o w n p »
35.77 mllas; miles 2d main track. 34.64; all track 98 91 m A r
years from M a y 1 1869 to the Phlla. & Reading R R at a ‘r.m tT o fV fe’
ann. on tho stock & int. on bonds & taxes. Lease assunmdllti isor.Hiv t u l
Phlla. A Read. Railway Co. Of the stock 81 27K 3nn
. b ‘ ‘J0
i?
ng Co. June 30 1915, 81.271.450 being
EAST TENNESSEE & W ESTERN NORTH CAROI i n a o n a
gauge road from Johnson City. Tenn., to CranbetTv N c A 34
also Fohn’
son City to Hampton, Tenn., 15 m., third rail
also,[ obn
Iron & Coal Co. Th e same Interests In 1913 purchased?^/nvmJ
Cranberry to Pineola, 12 miles. 3-ft. gauge. V 96 n i ik a i5on
,iv ’
Capital stock, $490,800. Dividends. 4% paid since ions'nu-9^ mno in
8% ; 1910-11,9% & 10% extra: 1911-12.none? 1912-13 ia & • io n M 4 °
*
17%; 1914-15, 15 H % ; 1915-16. 1 3 X % . p or year ending June 3f) ,Q 1«'
gross. $248,605; not. $112,270. In 1914-15,
$190 464- net I n ™
taxes, $73,405: other incomo, $9,349; Interest, &c ?$30 366^su’rnl us *52
388. Pros., F. P. IIowo, Johnson C ity.— (V . 96 p 269 ) '
P
’ ®52’
E A S T E R N K E N T U C K Y R Y — Riverton to W ebbvllle K v
3ft miles
Stock, common. $1,697,800: pref.. $1,779,500; par S lO O ^ N o bm.ds'
Loans and bills payable June 30 1916, $102,657. I n 1915-1(5 gross0 *43 031
oner. dof.. $7,633; other income, $1,214; deductions *2 7?fi° bal
V
$9,622. Pres.. O. M in ot W eld.— (V. 90, p. 1362°) ’ * ,776, bal” d e f’
T, E D M O N T O N DU N V E G A N & B R I T I S H COI U M B I A R Y — From
Edmonton, A lberta, through Dunvegan to tlio western boundarv o f Mm
Province at Spirit River, 357 miles, was placed in mieration in N o v 1916
together with lines from Spirit River to Grand Prairie 55 m 1
m aiul the
A°hranM,anild;a
( V‘
P- 1486), Winaga.nl to Peace R iv e r T s S m ile s
B i<*e Alberta 113*9 fmnn Carbondal°- A lberta, northward to Lac la
v i no „ m e U m.2 n.V'es- was opened for traffic in February 1916
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
J A J July 1 1936
Safe Dep A T r Co. Balt
J A D 15 Dec 15 1916 2 >4 Reading Term, Phlla. Pa
J
& J Jan 18 1917 3%
do
do
M & S Moh 11958
do
do
500.000
5g
M & N N ov 1 1935
Guar Tr A S D Co. Phlla
£1,438.356
F & A16 Feb 16 1942
Lloyds Bank, L td ., Lond
2.420.000
4 X g semi-an Oct 22 1944
N Y ; or Un Bk.Can&Eng
3.000.
000 g
6
A & O Oct 1 1947
Equitable Trust Co, N \
1.792.000
5 g
& O Oct 1 1951
do
do
322.000
A O Apr 1 1928
do
do
f e
2.500.000
5 g
A
Jan 1 1951
do
do
3.000.
000 g
6
A J July 1 1951
do
do
2.000.
000
5.055.000
& O Apr 1 1965
5g
Farm L & T r Co, N Y
216.000
A J Jan 1 191S-1935 Equitable Trust Co, N Y
5 K J
10,000,000
5 g
M & N May 1 1941
71 Broadway, New York
192.000
6g
J
A J July 1 1941
400.000
6g
M & N M a y 1 1944
80.000 Up to6%
M a y 1 1944
500.000
J
& .7 July 1 1924
5g
Treas"Pa R R ’ p’hifaA N Y
500.000
5
M A N See text
Broad St Station, Phlla
500.000
7
A J See text
do
do
963.000
4
A J Jan 1 1950
do
do
570.000
5
A O Oct 1 2862
do
do
300.000
Text
F
& A See text
Lincoln N a t Bank.
2 000.000
7
Q— M M a r 9 ’ 17 We Union Trust Co. N Y
1.716.050
7
Q— 11 M ar 9 T7 1 V
do
do
<
3.945.000
A J July 1 1940
3X g J
do
do
112.378,900
16.000.000
April 1907 2% J P Morgan A Co,
47.892,400
April 1907 2%
do
do
.
1,000
2.482.000
1,000
2.149.000
1.000
4.617.000
1.000
2.926.000
500 Ac
709.500
200 Ac
182,400
1.000 16.891.000
f X b° *2,000,000 Dul. Rainy Lake * W . bonds were extended In 1916
to Jan. 1 1021 (callable at par & Int.) with the unconditional guaranty of
prin. and lnt. o f Dul. Winn. & Pac. and Oan. N or. V 10° n 15°
E JuW IlNt o D ^ 6 ? } O ’ U ^ ..................G ^ $ 8 8 a 8 8 3 ; & t ! 5$252,792
S
f A rJ i N G S - F o r year end. ‘ Juno' 30 1916. T O ^ l ^ 7 ^ n « 9
i m °Sr 1914-15, gross' 31.285,548; net, $314,393.— (V . 102,p’.152.)
D U R H A M & S O U TH C A R O L IN A R R .— Durham N . C ., south 42
mllra to Duncan on N orfolk & Southern. Stock, $500 000; par $100
* l°5 n n h ^ ,t^,m «‘
grossi 388,051; net, *40,604; InGon bonds,
i>lS= 0
jr? lli?/..i?.25’604T L ° ans and bills payable Juno 30 1916, $7,500.
Pres., Ernest William s, Lynchburg, Va.— (V . 90, p. 1424.)
D U R H A M & S O U T H E R N R Y .— East Durham to Dunn. N . C .. 57 m.;
to East Durham. 2 m. Stock authorized. $2,000,000: out., $1 350,000; H?r ’ 31 ° 0 . In 1915-16, gross. $348,628; net, $185,379; taxes.
$16,985; charges, $15,450; divs. (7 % ), $94,500; sum., $61,130. DIvs. o f
24% were paid In 1910-11; In 1911-12, 24%: In 1912-13, 14%; in 1913-14,
i l % ; 1915, 7 )4 % ; 1916, 7 % . Pres., B . N . Duke, N . Y .; Sec., A . B
Oauthen. Office, Durham.
D U RHAM UNION STATIO N CO.— Owns passenger station at Durham
N C.. opened May 1 1905 and used by the Southern R y., Seaboard A ir Line’
R y .. Norfolk A western R y. and Durham A Southern, which each mvn nnp
fourth of 833,300 stock. Lease provides for rental by several lines sufficient
to pay int. and other charges. Pros.. H. W . M iller; S o c . O . D Mackay*
EA ST BROAD TO P RR. & C OAL CO. (P a .)— Owns from Mount U n io n
P a ., to A lvan, l'a ., 33 miles; Orbisonia to N eelyton Pa
in mlbS’Rocky Ridge to Evanston, Pa., 4.93 m.; Coles to M id va llev 2 56 m - to
49.30 m. A coal road opened in 1874. V. 97, p7 1663 ’ 1822
w J ’
$938,825 (par $50). o f which $246,750 Is 6% non-^um. prof
Second mt^o
4% Income bonds. $464,400. due Jan. 1958, given In 1(T08 for back in tw ist
from 1885. Year Juue30 1916. gross $339,621; not. $200 489
1914M5
gross, $315,410; net. $166,544; other inc., $11,988; Int tax<w Ac *53
786; bal., $124,745. Office, 406 Lafayette Bldg., P h lla !^ (V . 97, p. 137o!)
EAST C A R O LIN A R Y .— Owns Tarboro to Hookerton. N C .38 miles
Incorporated In North Carolina July 1 1898. Leased to PrM .’ Henry C
Brldgers for 4% yearly on stock, payable Dec. 10. Stock auth sonnnnn
outstanding .June 30 1916. 855.600; par. SI00 Bonds see table above'
;-” - - Joh
n
Amount
Outstanding
51
M A N May 1 1947
4g
M A S Sept 1 1919
5g
A S Mch 1 1923
4 14 g
A O Oot 1 1920
5 g
A D June 1 1928
4g
A J July 1 1931
7e
M A S Sept 1 1920
‘
do
do
do
do
do
do
do
do
do
do
do
do
do
do
S T O C K .— Stock, $12,000,000. Owned by El Paso & Southwestern C o.
BO NDS.— The New Mexico R y . A Coal Co. coll, trust 5s of 1897 are
bf th1 st0<L and bonds of El Paso A N . E. R y . of New Mex. (82.
k
700.000 of each), the stock of the El Paso A N . E. R R . of Texas. 8300.000
Ann,b0? dl ,ss.Hed)l aDd a1 the stook (*100.000) and all the bonds (81.500.
1
000) of the New Mexico Fuel Co., the latter covering 3.500 acres of coa
lands. V 74. D 776. Th e other Issues are guaranteed.
Now Y ork office. 99 John St.— (V . 87, p. 1605.)
I
nA S Q f P y T^ ' v,P ? T E R N C O .— A holding company, controlling
the El I aso& N . E. Co. (which see above) and El P a so S .W .R R . (see below)
and other properties. Capital stock $25,000,000 (largely owned by Phelps,
nrinmn^ Co. mining interests). In 1915-16 created a funded debt o f $2,
000,000, part, it Is understood, o f a collateral trust issue. Pres., James
Douglas; Sec. & Treas., George Notm an.
E A R N IN G S .— 6 m o s .J l916......... Gross, $6,916,155; net, $3,106,486
July 1 to Dec. 31.
U915..........Gross, 4,973,779; net,
1,760,306
R E P O R T .— Report o f entire E l Paso A Southwestern Co. system (1,028
miles) for year ending June 30 1916. in V . 103,p. 1682, 1705, showed:
1915-16. 1914-15.
„
1915-16. 1914-15.
S
$
Deduct—
$
$
Oper. revenue. 10.671,627 7,788.736 Rentals, & c----- 3,497.681 2,013.443
N e t,a fte r taxes.4,262,499 2,623,580 Interest. &c----- 134,511
202,611
Other in c o m e... 1,937,441 1,405,121 Dividends (5 % ) 1,250,000 1,250.000
T o ta l------------6.199.940 4.028.7011 Bal., surplus. 1,317.749
562,647
EL PA SO & S O U T H W E S T E R N R R .— Owns from E l Paso, Tex., to
f ucson, A riz., 457 miles. Forms tho western division o f the El Paso &
hwestern system (see E l Paso & Northeastern Co. above), its $14,000,
000 stock being held in the treasury o f the El Paso & Southwestern
Company,.which see. V. 101, p. 287; V. 100. p. 549; V . 101. p. 2144. 2151.
A new First & R ef. M tg e. has been made securing bonds w ith interest
payable J. & J.— (V . 103. p. 1682, 1705; V. 101, p. 287.)
E L PASO UNIO N PASSEN'OER DEPO T.— Owns depot at El Paso. T e x .,
which was completed about N ov. 1 1905. Leased by El Paso NortheasternBI Paso Southwestern, Galveston Harrisburg A San Antonio (So. Pao. Sys.)A.tcn. Top. & Santa Fe, Texas & Pao. and Mex. Cent, railroads on a wheel'
ba®}* providing for maintenance and all charges. Stock authorized$240,000; outstanding. 888,800; owned equally by six roads named
Of
?r°nvo (see, i ? blr ab°v e ), 812,000 mature .Tan. 1 yearly, beeinning 1916;
V. 78, p. 104; V. 81, p. 1043. Pres., G. F . Hawks; Sec., W . R . Martin;
Treas., U. 8. Stewart.— (V . 82, p. 1496.)
1
J9 L ,f T & EASTERN R Y .— Owns from Waukegan. 111., on Lake
Michigan, via Spaulding and Joliet, to Porter, Ind., 129.95 miles, and
?,rancJ®8
1
_Sfornlallt®wn t0 Aurora. 9.63 m.— Walker to South Wilmington.
111.— 32.72 miles; Hammond to Whiting, Ind.. Ac., 6.92 miles; Griffith to
Cavanaugh, Indiana, 7.03 miles; Rockdale Junction to Rockdale. 6 54
miles; Cavanaugh to Shearson. Indiana. 2.18 miles; total main line
194.96 miles; spurs to coal mines, A o „ 41.16 miles; trackh;?' 2d track, 41.65 m.; side and yard tracks owned, 165.77 m.;
total, 683.70 miles. Also leases Chic. L . S. A East., 18.73 m., with 438.88
wirvnranCi leS ^ud..uPUr^3 r,a?,d 14.87 miles 2d track for 60 years from June 1
MIO9, and, with the U. S .Steel Corn., guarantees its 89,000,000 4 X % bonds,
DAI. V. 89, p. 1410. Controlled by U. S. Steel Corporation.
e in J OC,?.,T ; * l <
J’0(?
0,000> M Increased Rom 86.000,000 In June 1909; par.
$100. Dividend. 4% yearly (In Deo.) In 1899 to 1915.
E A R N IN G S .— 6 m os.J 1916.......... Gross, $7,043,026; net, $2,209,997
r, „Jony 1 t0'D e c . 31.
U 915------^ r o s s ,
6.258.160; net,
2,752,673
June 30
Gross
N et, after
Other
Interest,
Divs.
Balance,
,„Y S a r ~
.T
Taxes.
Income. Rents. A c.
(4 % )
Surplus
l o , S l , K " * 12
H - V r i - m * ! § ) ' § & *4.122.676 *4007000 *93<?.394
19& i 5.-X. f f l i S L - V W i . 13oi?°1883.'8l7'8!>l
m o -'m
72I-7C0
E L K IN & A L L E Q H A N Y R Y .— Constructed by the State o f N orth Caro
lina from Elkin, N . C ., to Veneer, 15 miles. C. B. Penney and M . IV
Thomson were made receivers in Dec. 1915. Stock authorized. $3,000,000:
outstanding, $436,400; par, $100.— (V . 102, p. 66.)
E L M IR A & L A K E O N TA R IO R R .— Owns from Canandaigua, N . Y .. to
Ohemung Jet., 64 m.; Sodus Point to Stanley. 34 m.; other. 2— total 100 m
Leased to the Northern Central, which owns all the $1,500,000 stock.'
I enn. R R . assumed lease in 1914. Lease may bo terminated on 30 days’
notice. Rental, net earnings.
,-U af. Year—
Gross.
N et.
In t., A c.
Balance.
} 9 } § .......................$1,097,023 op. def. $101,984 $173,724 def.$275,709
1911....................... 1,106,952 op. def.
95.823
(V . 102, p. 1540.)
ELM
&
R T RR
to
U r f t? s ) boo.MO. « i 2 0 ° 6 K O4m l I c % r » " ™ 3 lo
T
‘mt ‘ , 1,reT " e Elmira, IR A Y ., W IL L IA M S P O Leased .— Owns from Williamsport, Pa.,999
N.
73.49 miles.
to the Northern Central R y . for
rom M a y 1 1863. Lease was assumed In 1914 by Penn. R R . Co.
1st M 4 U k o f’ l 01 ft w u l’ ’ by tho Province o f Alberta. Tho $2,420,000
Ih o divs. on the com. stock are 5% and on the pref. 7 % . fees taxes, making
V 103' n 038
qpp’v or sanje Kuaranty, cover 120 miles o f extensions. div. on com. 4.52%. and on pref. 6.32% . Th e $963,000 1st 6s due Jan. 1
1910 wereextonded to
1667. C l.y e a
by Pres. .1. L). M cArthur o f Winn'ipeg and associates'^a^Ki i t / u F l o ^ n 1912 gross, $1,541,822; not.Jan. 1 19 50 at4% . V . 8 9 .p .(V . 97. p.a6660 rl9 1 5
$38,132; rental. $130.020.—
E R IE & K A L A M A Z O O R R .— Vulcan near Toledo to Palm yra, 22 miles.
?Vbei04 &P . 5f9t.)WaterWayS
G
Ecasedin perpetuity in 1849 to Lake Shore (now N . Y . Central R R .) at
$30,000 per annum. Dividends 1913 to 1915, 9% % per annum
R R V n d 1 y &frN
R
omR K i, p ^ o T ^ . C?o C^rHzosa ° N ‘
E R IE & PITTSB U RG H R R .— Owns New Castle, Pa., to Girard, Pa.:
79.56 miles; branch to Erie docks, 3.41 m.; trackage to Erie, 16.74 m.; total
zosa toeSanta™{osa?12™mf;nAiaPnag<mlo y
operated, 99.71 miles. Leased to Penn. R R . for 999 years In 1870 at 7%
gordo, N . M ., to Russia, 31 m.; Dawson R^ S a w a r ^ n t o T.m .'m m Vr'l^
132 m .; Burro M tn . R R .. Jet. to T y r o n e ? # M
13 m • Vnml ^ n m u l ’ on stock and Interest on bonds and lease transferred to Penn. Co. Under
agreement of N ov. 1 1905 the Penn. R R . will provide sinking fund Install
Nam e changed from N ew M exico R y . & C o a l’Co In’ 1005'
ments required by the gen. mtge., th eE . A P .t o deliver Its 3 H % debentures
as eastern division o f El Paso & Southwestern Company
Hmi" bnhnvrat<Kl
The Dawson R y . A Coal Co., stock 8100 000 h a s ’ Is s u e d *3 <
nnn nnn at par for such advances and at maturity of the gen. mtge. bonds to ex“ fS*. bonds therefor. Debentures Deo 31 1916. $519,050.
collateral trust bonds, which are guaranteed, principal and interest'and are
S T G C K .-T h e s p e c la l betterment stock (82.500.000 auth.) is subordinate
secured by the stock and bonds (83,000.000 each) of the Dawson h v and
to the old stock, but guaranteed 7% dividends. Dividends on old stock are
9ft°nnn°r tho Dawso, F Vel C? ' («.0 0 0 .0 0 0 each). the^^Tattc?™lngy about subject to a 4-mill tax on assessed value, on special betterment, tax-free
n
25,000 acres of coal, mineral and timber lands, being sold In 1905^ to the
1A;4A ? N l r i? ,S,’%r^jOS? t ° tb0 ,<Jssees in 1912, $46,222; 1913. profit. $38,332;
Stag Canon Fuel Co. V. 73. p. 900: V . 74. p. 776; V787. P. 1604, 1536?
1914, loss, $111,322: 1915, loss, $55.754.— (V . 84, p. 749.)
52
R A IL R O A D C O M P A N IE S
[For abbreviations. & c., see notes on first page]
M iles
Road
Erie R R (Concluded) —
,.
.
526
N Y L E & West First Consol mortgage gold----- zo
67
Buff & S W 1st M gold ext 1908 red 105 gold--XC*
12
Newburg & N Y 1st M gold extended In 1889.. vc*
250
Ch & Erie 1st M g (Marlon O to Ham ’ d Ind) -Ce.zc*
39
Erie & Jersey 1st M g s f red text............0 .c *& r*
32
Genesee River 1st M gold s fd red text----- <j.c*& r*
Chicago & Atlantlo Terminal first mtgc gold.C ez
B— Erie Railroad Company Bonds
67
Second mtge on Buff & S W gold ext 1908----G.xc
First Consol M tg e o f 1895, securing—
’
. „
(1) Prior lien bonds 535.000.000 gold----- F.xc*&r
(2) General lien $140,000,000 gold............F.xo’ &r
Penn coll trust M $36,000,000 g s f (text) Ba.xo&r
General M ortgage [Series A ------------------- u .xc*& r
convertible,
( Series B ------------------------------ x
350,000,000 ...IS e r ie s D ----- . . . . - - - - - - - - - - -
Refunding & Im pt M tgo 8500,000,000 g (see text) .
C oll tr g notes 813,500,000 red 1 0 2 -...B a .y c*& r
—
Notes gold due $90,000 yearly V. 94, p. 1695
Equipment trust cortfs see table in tex t----- A von Geneseo & Mt Morris and Rochester & Genesee Valle
C— Bonds on Properties Controlled by Ownership of En
10
Bergen Co 1st M Ruth Jet to Rldgew ext 1911- ”
cGoshen & Dcck’ t ’ n 1st A 2d Ms ($60,000 are 2c
cMont & Erie 1st & 2d Ms ($40,500 are 2d) .
8
Jefferson 1st & 2d Ms ext in ’87 & ’89(H daleBr)
37
1st M Carbon to S depot g ext '09 red 105.-FP.xo*
Bong Dook Co cons M g (now 1st M) (see text).xo *
52
cN Y < Greenw L prior lien M $1,500,000 gold_.N :
fc
34
t>New Jersey & New York 1st M ext In 1910— xo1
General mtge $1,200,000 (red 105 after 5 yrs) g .:
N Y L E f t W C R R 1st M “ lawful money” -Alp.zo'
N Y L E & W D & IC o e x g ’ 13red text(V96,p 1776) F.xc’
422
N Y Pa & Ohio prior lien mtge gold $ or £ — F.zo*
evelan
Do Leased lines— see separate statements * ~
N Y Susquehanna & Western— Northern Nev ----- ey— T
Blossburg Coal C o 1st M guar p & 1ext in 1916--.E van sville & In d ia n a p o lis— Receiv certils 8600,000
"54
First mortgago gold g u a r a u t e c c l.....-------F .x c
134
Cons M (82.500,000) « gu p&Kencl) W i l l.- F . x c
Date
Bonds
1878
1877
1868
1800
1905
1907
1888
1895
Amount
Outstanding
Par
Value
$500 &c $3,699,500
1,500,000
60 &o
250,000
1,000
1,000 12,000,000
7,37S,000
1,000
5.982,000
1.000 &c
300,000
1,000
1.000
1,000,000
1895
1895
1901
1903
1903
1903
1,000 35,000,000
1,000 35,885,000
1,000 &o 34,000,000
1,000 &o 10.000,000
1,000 &o 11,015,000
100 &c 19,627,100
1914
1912
1,000 &c
4,500
9,280,000
90,000
ks— See t hose Compa
or a Maj orlty (5) of
200,000
1,000
246,500
170,500
300,000
500 &o
2,800,000
1,000
7.500,000
1,000
1,471,900
100 &c
394,000
500 &o
629.500
500 &o
1,100,000
1,000
3,396,000
1,000
8,000,000
500 &o
ahonlng Valley R R
R — See e aoh eompan
400,000
600,000
647,000
1,000
1884
1,853,000
1,000
1886
y Stoc
tire (*)
1881
•08-'69
’ 66-’ 67
’67-’ 69
1889
1885
1896
18S0
1892
1882
1883
1880
d & M
toga B
E R IE R A I l R O A D .— (See M a p on preceding page.)— Embraces trunk lino
from Jersey C ity to Chicago, 111., and branches, 2,257 miles; second track,
1,220 miles; third and fourth tracks, 18 miles; total, all main tracks, 3,ol4.
Leased Lines—
M iles.
Lines Owned in Fee—
Miles
Plermont, N . Y ., to D u nkirk.. 447 A von Gen. & M t. Morris______ *15
Buffalo to Jamestown, N . Y —
66 Montgomery & Erie-------------- *10
Buffalo to Corning, N . Y -------- 140 Northern R R . of New Jersey.. *26
Hornell to B uffalo-----------------92 Goshen & Deckertown_________ *12
Other branches________________ 206 Rochester & Genessee V a lle y .. *18
83
Stock all (a) or nearly all (b) owned. Other lines_____________________
Leased to Nypano R R .—
„
aChlcago & Erie R R ..................*250
Cleve. & Mahoning Valley R R . *81
aJefferson R R ...... ........... - - - - N . Y . & Greenwood Lake R Y . . *53 Sharon R ailw ay________________ *31
15
Erie & W yom ing Valley R R —
64 Other lines_____________________
75
aNypano R a ilro a d ---------------- 422 Trackage_______________________
bTloga Railroad_______________
58
Other lines_____________________
48 Lines In system Dec. 31 1915.-2,257
N . Y . Susquehanna & W estern. *22o
* See this company.
bNew Jersey & New Y ork R R . *38
T h e Erie & Jersey R R . completed in Jan. 1909 a low-grade cut-off from
Highland M ills via Campbell Hall to Graham. N . Y „ 38.6 miles, and the
Genesee R iver R R . in 1910 from Hunts to Cuba, N . Y ., 32.6 miles. V . 84.
p. 1366. 1488: V . 81, p.77 7; V . 99, p. 816. (See below.)
H IS T O R Y .— On Dec. 1 1895 succeeded, per plan In V . 61, p. 368, the
N . Y . Lake Erie & Western R R . Co., sold In foreclosure under its second con
solidated mtge. The company holds in fee or through ownership of all or
practically all the stock of the subsidiary companies the line from New
Y ork to Chicago (Including the Nypano R R . and Chic. & Erie companies).
D E S C R IP T IO N OF C O A L P R O P E R T Y .— The Erie coal properties rep
resent an aggregate of 12,400 acres of anthracite, of whleh about 9,000 acres
are held In fee; also 53.000 acres of bituminous coal lands held in fee, 14,000
acres of bituminous held under mtneral rights. Its coal and coke tonnage in
the year 1915 aggregated 17,640,160 out of the 39,974,996 tons hauled
The Penn, coal properties acquired in 1901 are additional. V. 82, p. 1*322.
ST O C K .— Prior and General Lien bonds of 1895 have 10 votes for each
$1,000 of principal, their authorized Issues aggregating $175,000,000- of
which 890,097.000 Issued to Jan. 1 1917. Provisions of preferred stock were
n “ Supplement” of April 1897, page 3. V . 66, p. 335, 573.
D IV ID E N D S (cash) %1 ’01.
’02.
'03. '04.
'05. '06.1907.
On first preferred_____ } 1M 3 3)4 4
4
4
A pr., 2
0
On second preferred___J . . __
. . . .
2
4
A pr., 2
0
B O N D S .— First consol, mtge. o f 1895 for 5175,000,000 (Farmers'
Loan & Trust C o., trustee)— see abstract, o f deed, V. 62. p. 89. secures the
535 000,000 Prior Lien (V . 103, p. 1032) and 5140,000,000 General Lien
bonds. Both series have voting power; see “ Stock” abovo.
Of the $140,000,000 General Lien bonds, $92,668,000 were reserved for the
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list, V. 62, p. 89), and $17,000,000 were
reserved for new construction, betterments, additions. &o...after 1897—
not over $1,000,000 to be used in any ono yoar. In Oct. 1916 $55,097,000
Gen. Lien bonds had been issued, o f which $35,885,000 wero in hands or
tho public and $19,212,000 were owned by Erie R R . ($15,839,000 o f which
wore pledged aud $3,373,000 unpledged). V. 102, p. 2077; V. 97, p. 1898;
^The*colla\erai trust 4s of 1901 are secured by 51% of the entire N . Y
Susa. & Western stock ($26,000,000 total Issue), all of the Pennsylvania
Coal Co. stock, and the stock of the Erie & W yom ing Valley R R .. Scranton,
P a., to Lackawaxen. 65 miles, and Delaware Valley & Kingston R R .
Sinking fund o f 10c. per ton o f coal mined from mines o f Penn. Coal Co.
V 71 p. 1219, 1311; V . 72, p. 44, and circular, p. 136, 532, 257; V . 79. p.
212; $7)781,000 included in the $34,000,000 "outstanding" wore In sinking
fUThoDGen.l5M !°C onvertIble 4s o f 1903 ($50,000,000 auth.) are Issued
from tim e to timo as required and may be made convertible into com. stock
at a price to bo fixed when the bonds are Issued, but not loss than $41 % per
share; they will cover all the company’s property subject to underlying liens.
T h e first $10,000,000 (Series A ) issued for improvements and equipment was
convertible on basis o f $100 bonds for $200 stock to A pr. 1 1915. Series B
bonds for $12,000,000 are convertible into common stock at $60 per share
at any tim e since Oct. 1 1907 and before Oct. 1 1917. V. 76, p. 382, 541;
V 78 p . 768: V . 79. p. 2205: V . 84. p. 270.
V In 1916 $19,627,130 Gen. M . 4% bonds Series D (V . 102, p. 66. 345)
were underwritten and offered (at 85) to shareholders and holders o f
Series B . These bonds are convertible at option o f holder into tho common
stock at 50 (5200 par value o f stock for $100 par value o f bonds), after
A pril 1 1918 to Oct. 1 1927. See "Finances” bolow.
Tho shareholders on Dec. 1 1916 authorized a Refunding and Im prove
ment m tge., lim ited to $500,000,000, maturing at a dato to bo fixed, but not
later then Dec. 1 2000, to provide for refunding existing funded debt and for
necessary capital expenditures, for additions, improvements, &c., over a
long period o f yoars. V. 103, p. 1412,2078; V. 104, p. 451.
In Fob. 1915 sold $7,400,000 Erie & Jersey (closed) 1st M . and $6,000,000
Genesee River 1st M . bonds. Both Issues are subject to call as a whole or
in part to July 1 1920 at 110, and thereafter at 115. Cumulative annual
sinking fund o f each issue. Both roads havo been merged In the Erie R R .
Co. V. 100, p. 474, 481, 397, 555. 641, 981, 1437.
Th e $9,280,000 5 )4 % coll, notes dated April 1 1914 are secured b,
(a) Bonds: $14,839,000 Erie R R . Co. 1st consol. M . gen. lion 4s; $985.0(
Erie R R . gen. M . convertible 50-year gold 4s, Ser. B; $600,000 Elmira
Corning & W averly R y . 1st M . 6s, and $95,000 Mutual Terminal Co. of
Buffalo^4% notes, payable July 1st 1924: and (6) stocks: $6,306,000 N . Y .
Susq. & Western R R . prof, stock: $163,100 Lehigh & Hudson River R y.:
5750 000 N ew Jersey & N ow Y ork R R . Co. prof, and $1,000,000 N . J. &
N Y R R . common. V. 98, p. 689, 763, 839; V . 99. p. 816, 969.
N Y Lake Erie & Western Docks Sc Im pt. Co. 1st 6s were extended
30 vears from July 1 1913 at 5% ; they are redeemable at 102)4 on or before
July 1 1918 and at 105 thereafter. V 96, p. 1422 1772; V . 97 p. 54. 370
Long Dock 6s.see March 1894 "Supplement,” under N . Y . L . E. & W .
(V o l . 104.
RAILWAY STOCKS AND BONDS
Rate
%
7
5
5
5
6
6
5
5)4 e A
5
6g
6g
1 1920
1 1918
1 1929
1 1982
1 1955
1 1957
1 1918
Places Where Interest and
Dividends are Payable
J P Morgan & Co, N Y
do
do
do
do
do
do
50 Church St , N ew Y ork
do
do
do
do
&
&
J July 1 1918
50 Church St, New York
Jan
Jan
Feb
Apr
O Apr
° Apr
J
g
g
g
g
g
g
nles.
Capital S
5
6
5
4)4 & 6
5 g
6 g
5 g
5
5
6 our
5g
4)4 e
and Shar
y
Last Dividend
and Maturity
Sept
July
Jan
May
July
July
July
g
g
g
g
g
g
K
5 g
4
4
4
4
4
4
When
Payable
50 Church St. New York
do
do
do
do
do
do
do
do
do
do
1
1
1
1
1
1
1996
1996
1951
1953
1953
1953
O Apr 11917
June 1 1917
took, or by (c) Lease
A & O Apr 1 1921
Various 1928-1929
Various 1926-1927
J & J July 1 1927-29
Apr l 1919
&
Oot 1 1935
&
May 1 1946
&
May 1 1950
&
Dec 31 1932
&
May 1 1922
&
July 1 1943
&
Mch 1 1935
&
on R y
&
do
50 Church St, New York
50 Church St, New Y ork
Fidelity Trust Co. Phlla
50 Church St. New York
J P Morgan & Co, N Y
do
do
50 Church St, N ew Y ork
do
do
do
do
do
do
J P Morgan
&Co,N Y
J July 1 1922
July 1 1924
J Jan 1 1926
July 1914 coup not paid
do
do
Car Trust Series, Gold ( Denomination $1,000 each). See V. 88. p. 88 2
Date. Interest.
Outstanding.
Mature In Installments.
$107,000 s.-a.
$107,000
July 1917
J&J
" L ” ___z _____1907 5
29.000 a.-a.
29,000
July 1917
" M ” . _ x _______19075 J&J
152.000 s.-a.
304.000 T o Oct 1917
" N ” _ _ x _______ 19075 A&O
50.000
100.000 T o Oct 1917
" 0 ” . . x _______ 19075 A&O
230.000 8.-a.
“ Q” . . x _____ 1911 4)4 F& A 2.070.000 T o Aug 1921
108.000 s.-a.
1.188.000 T o Aug 1922
“ R ” _ _ x _____ 1912 4)4 F& A
100,000 8.-a.
1.200.000 T o Dec 1922
“ 8” ___x _____ 1912 4)4 J&D
.-a.
66.000
.
“ T ” _ _ x _____ 1913 5 J&D15 858.000 T o June 15 1923
1,529.000 T o Jan 1 ’23 S117M or$118M s.-a.
U " . . z _____ 1913 5 J&J
100,000 yrly.
V ” . - X _____ 1913 5 J&D15 600,000 T o June 15 1923
" A A ” _ x _____ 1913 5 M & S
7841660 T o Sept 1 1923
66.000 s.-a.
BB”
1914 4)4 F & A
675,000 T o Aug 1 1924
45.000 s.-a.
" C O ” " _____1916 4)4 J&D
4,062.000 T o Dec 1925
213,000 s-'a DD”
.1916 4)4 J&D
1.187.500 T o June 1926
62,o00 s.-a.
“ E E ” .......... 1917 ?
____ 3,680,000 (V . 104. p. 663)
semi-ann.
Wells, F .& C o____ 5
V ar’us
95.000 1917-1918
at N a t. Bank o f
Interest paid: “ J ” and “ L ” in N ew York; Series '_K
Commerce, N . Y .; "
First N at.
‘
at Fldolity
in N . Y .; " ___ , ___ ___
_ _ __
o f equip.’ trusts o f 1916. see V . 102, p. 608, 2077. 2166.
F IN A N C E S .— Circular o f Sept. 25 1916 as to proposed Refunding &
Im pt. bond Issue was fu lly cited in V . 103, p. 1412.
Tho proceeds o f tho $19,627,130 General Mortgage convertible 4s
sold in 1916 (seo above) wero to bo used as follows: (a) $10,000,000
in retirement o f tho 5% notos which matured A pril 1 1916: (o) about
$2,000,000 to complote tho double tracking and grade reduction on 35 miles,
o f tho Chicago & Erie Division between Lom ax and G riffith . Ind., and to
incroase the terminal facilities in Ohio; (c) the balance to provido in part for
tho retirement o f the Issue o f 5)4 % notes duo April 1 1917. I res. Under
wood said: "T h e retirement o f tho last-mentioned notes w ill complote the
refunding o f all o f our short-term debt, which In March 1914 amounted to
$45,000,000. Interost charges on tho $19,627,130 convertible bonds ap
proximated 1 % % per annum less than that heretofore paid on notes
refunded." This Interest began April 11 1916. (V . 102, p. 66, 1896.)
From 1901 to 1915 the company oxponded about $105,000,000 (inch
$30,600,000 from income) on additions and bettormonts, Including double
tracking, improvement o f grades and alignment, additional sidings, equip
’08 to O c t.'15
ment, &c. Tho result wa3 an increase in the gross revenue from about
$45,000,000. Interest charges on the $19,627,130 convertible bonds ap
proximated 1
por annum, loss than that paid on notos refunded.
This interest bogan A pril 11 1916. V. 102, p. 66, 1896.
E A R N IN G S .— 6 m os.,(1916----- Gross. $33,911,622; not, S8.538.342
July 1 to Dec. 31. [1915____Gross. 33,150,972; net. 13,069,8<9R E P O R T .— For yoar ending Dec. 31 1915. V . 102, p. 1341.
12 M os. to
6 M os. to 12 M os. end. 12 Mos.cnd.
M ilos Oper. 2257
Dec. 31 ’ 15. Dec. 31 T4 . June 30 '14. June 30 T3 .
Tota l oper. revenues___$66,436,720 $31,216,708 S60.983.575 $62,647,359
Oper. exp., taxes, & c . . . 45,670,748 24,386,652 48,224,007 46,146,760'
Operating Income____ $20,765,972 $6,830,056 $12,759,568 $16,500,599
595,216
1,797.509
5,147,900
In t. on securities___________________ 1,150,993
662,110
1,055.145
985,911
Rents, &c., received_______________ 1,313,222
T o ta l income_________ $23,230,186
Interest on bonds______ $8,413,493
870.287
Interest on notos______
Int. on unfunded d e b t..
868,265
Rentals o f leased roads. 2,295,149
Hire o f equip., & c______
1,806,456
Int. on equip, obliga’ns.
69.3,797
Sinking funds & miscel.
882,766
In v. in phys. p rop erty.. 1,383,754
$8,087,382 $15,612,222 $22,634,411
$3,874,020 $7,767,849 $7,813,885
—
1,509,917
...............
1,601,600’
684,875
66,997
211,959
344.169
2,252,223
2.226,702
1.117,477
2,201,033
1,587,686
885.921
643,097
760,367
401,599
765,619
885,470
411,770
657,588
502.743
751,765
Balance, sur. ordof.sur$6,016,219 dof$384,213 sur$169,523 sr$6,682,568
O F F IC E R S .— Pros., F . D . Undorwood; V .-P . and Gen. Solicitor, G . F .
Brownell; V .-P ., O. N . Orcutt; V .-P . and S e c .. D avid Bosnian; V .- l .
Dolos W . Cooke; V .-P ., Albert J. Stone; Troas., D. W . Blgonoy; Com p.,
C . P . Crawford, 50 Church St., N . Y .
D IR E C T O R S .— Gates W . McGarrah, A . M . Andorson, Albert H . W ig gin. Ogden M ills, F . D . Underwood. Francis Lynde Stetson. Geo. F . Baker.
M yron T . Herrick, B. A . Eckliart, L . F. Loree, E. J. Bcrwmd, Mitcholl B.
Follansbee, Robert W . Pomeroy, Grenville Kano, George F. Brownoll, Geo.
G. Mason.— (V . 103, p. 1032, 1412, 2078; V. 104, p. 163, 451.)
E V A N S V IL L E & IN D IA N A P O L IS R R .— Owns Evansvillo to Torro
naute via Worthington, 146 miles. Was controlled by Chicago & Eastern
Illinois R R . by ownership o f entire $2,000,000 capital stock, but in M a y
1916 passed under management o f W m . P. Kappes as soparato rocolver.
Foreclosure suits ponding under both mortgages. V. 102, p. 008, ^.077,
V . 99, p. 119. $600,000 receiver’s certificates for general rehabilitation o f
property havo boon sold and the purchaser has taken $200,000. V . 103.P.758.
Committee for Bonds.— Fredk. II . Shirmau (Chairman), Edwin Gibbs,
Sec., Farmers’ Loan & Trust Co., N . Y ., depositary. Largo m ajority
deposited. V. 99, p. 119, 341; V . 100, p. 473.
E V A N S V I L L E & TE R R E H A U T E RR .— See Chicago & Eastern Illinois.
FER NWOOD & G U LF R R .— Owns Fernwood to Kokomo, Miss., 32 in.
Stock outstanding Juno 30 1916. $100,000. . Bonds, seo table abovo. For
yoar onding Juno 30 1916, gross, $179,944; net. $56,651. In 1914-15,
gross, $158,149; not, $36,613.
Pros., F. B. Enochs; V .-P ., N . B . Ball,
Sec., J. L . Bentz; C hief Accountant, L . E. Smart. O ffice, Fernwood, Miss.
FITC HB UR G RR.— System extends from Boston, Mass., t o T r o y and
Rotterdam, N . Y .. 251 miles: branches to Worcester, Bellows Falls. &0..
207 m.; 458 m. In all, of which 59 m. (Fitchburg to Greenfield) leased from
Vermont & Mass, and 5 m. other cos.: second track 199 m. V. 84, p. 1.56b.
F e b ., 1917. ]
R A IL R O A D C O M P A N IE S
[F or abbreviations. &c., see notes on first page]
Miles
Road
Date
Bonds
Par
Value
Amount
Outstanding
Evan sville & T e r re H a u te -S o o Chicago & E a s tllli nols
S I,000
$400,000
32 1911
Hern wood & Onir Ml?— First mortgage 5500,000------101 18,800,000
Fitchburg— Preferred 5% rental................- .................
1,000 5.000,000
1887
Bonds to State of Mass 4% since Feb 1897............ zr
500,000
1890 1,000 &c
Bonds not mortgage----------------------------------zc&r
’97-98 1,000 &c 4,200,000
Bonds not mortgage (52,750,000 are 4s of ’ 97) .zc& r
’00-01 1,000 &c 2,275,000
Bonds not mtge ($1,775,000 are 314s of ’0 1 )--zc& r
1907 1,000 &c 2,000.000
Bonds not mortgage $2,000,000 — .............. z c '& r
1905 1,000 &c 3,660,000
Bonds not mortgage $3,060,000 currency_____ zc&r
1908 1,000 &e 2,400,000
Bonds not mortgage $2,400,000_______________ zc&r
1912 1,000 &c
1,200.000
Bonds $1,350,000 authorized ourrcncy_______zo*&r
400,000
1913 1.000 &c
Bouds $450,000 authorized________________________z
1,872.000
1914 1,000 &c
Bonds 82,100,000 authorized______________________ z
None Jan’ 17
Bonds §3.300,000 authorized_______________________
573.000
35 1874 1.000 &o
Troy & Boston first mortgage (V 53, p 405)___zc&r
750,000
Notes due Juno 1 1917 oxtonded one year_________
1,359,000
Notes subject to call______________________________
1916 1,000 &c
500,000
Notes (to pay bonds) call 100 V i____________________
1903 1,000 &c
772,000
Vermont & Massachusetts plain bonds guar— zo&i
Flint & Pere Marquette— See Pere Marquette statem’ t
100 See text
59 1909
Florida R y— First mortgage $ 4 ,0 0 0 ,0 0 0 -----------Florida Central & Peninsular— Sec Seaboard A ir Line
017 1909 1,000 &o 12.000,000
Florida East Coast— 1st M $12,000,000 g .-B a ,x o *& r’
1900
25,000,000
General Income M 5% non-cum $25.OOO.OO0-_— x
1914
1,000
300,000
Equipment trust certs scr A , duo S50.000 yearly—
Florida West Shore— See Seaboard Air Bine.
100 2,500,000
Fonda Johnstown is GloversviMc— Common stock —
100
500,000
Pref stock 6% cum call at 105 51,000,000 auth----26 1881
100 &c
200.000
Consolidated mortgage $200,000------ — rv-r,--z°
26 1897
1.00C
500,000
First consol refunding mtge $500,000 gold.N .xo
20 1900
800,000
1.00C
General refund mtge 5800,000 (V 71, p 3 4 )--N .xo
4 1893
50,000
1,000
Johnstown G & Klngsboro 1st M assum ext 1913--Z
14 1892
1,000
Cayadutta Elec 1st At guar p & 1 by f J & G gold Nz
350,000
75 1902
1.00(1 5.150,000
First cons geu ref M $7,000,000 g red 120--N.xo &r
124 1913 3100 &c 5.050,000
F o rt D odge Des A l& S o — 1st M g red 105.......... OB
1904
1,000 6,240,000
Fort Smith & W estern— 1st At 57.500.000 gold
xc*
1891
1,000
Fort Street Union Depot— 1st M gold........ - ......... Lex
1.000,000
1,000 See text,
1915
Gold notas____________________________ _________ xc*
98
Fort Wayne & Jackson— Preferred stock 514% rental
100 2.291,416
...
...
__
_
--_
L E A S E .— Leased for 99 years from July 1 1900 to Boston & Maine for 5%
on pref. and 1% on com. stock, organization expenses, Int. on bonds, taxes,
expenses of maintenance, &o. Boston & Maine holds $5,551,400 of the
$7.000.00C common stock, the remainder being In the treasury. V. 70.
p. 70. 125. 170. 583 1291: V. 71, D. 29, 543: V. 72. p. 532.
In Aug. 1916 th oB . & M . was placed in receivers’ hands, but in Jan. 1917
Fitchburg interest and dividends were being paid as usual. V. 101, p. 256.
B O N D 8 , &c.— Debentures, see V . 60, p. 967: V . 84, p. 158, 270. As to
*1.350.000 bonds o f 1912, see V. 93, p. 730, 1461, 1725, 1786: V. 94, p. 08.
$450,000 Issue or 1912. see V . 96, p. 359. V. 97. p. 802, 950; V. 98. p. 839.
1156. 1392. Stockholders on Sept. 27 1916 authorized $3,300,000 bonds
to refund .$500,000 bonds duo July 1 1916 and fund the floating debt and
provido for improvements. V. 103, p. 1118: V. 101, p. 1092; V. 100, p.
733. 811. On Dec. 1 1914 gavo Boston & Malno $750,000 6 months’ notes
to reimburse it for advances: theso have been extended to Juno 1917. Th e
$1,359,000 6% notes duo March 1 1916 were replaced by 5% notes duo
Feb. 15 1917, and the $500,000 4% bonds July 1 1916 by one-yenr 5% notes
duo June 30 1917. V. 103, p. 00. 1210. Treas.. George O. Foster.— (V .
102, p. 712, 885, 2341: V. 103. p. 60. 1118. 1210: V. 104, p. 256.)
F L O R ID A R Y .— Perry to L ive Oak, Fla., 52 miles, with branches, 7 in.
V . 93, p. 1780. On Juno 25 1915 W illiam B . Winslow o f N ow York was
appointed receiver. V. 100. p. 2166: V. 101, p. 47. In N o v. 1916 was sold
for State taxes totaling $19,000 and was bid In by George L. Drew o f Jack
sonville for $35,000. V. 103, p. 2078. Stock authorized. $4,000,000: par.
$100. Bonds ($4,000,000 auth. issue) are subject to call at 106 on any int.
day after July i 1914; they w ill bo Issued at $20,000 per mile. V. 89,
1596; V. 90, p- 1362. The coupons duo Jan. 1913 were not paid. Seo V.
96, p. 1629. For year ending Juno 30 1914 (58 miles), gross, $52,068: not,
$7,297; int. and taxes, $7,039: bal., sur., $258. Pres, and Treas., Frank
Drew, L ive Oak, Fla.— (V . 100, p. 2166: V. 101, p. 47; V.103, p. 2078.
F L O R ID A E A S T C O A S T R Y .— Owns from Jacksonville, Fla., via St.
Augustine to K ey W est, 522 m.; branches, 234 m .; trackage, 6 m .j total,
762 m. Forms connection to Southern and Eastern Florida and tlionco to
Cuba for tho Atlantic Cast Lino, Southern B y. and Seaboard A ir Lino.
The 17>4 miles N ew Smyrna to M aytown, not Included above, was oponod
In Dec. 1916. V. 103, p. 2340. V . 91, p. 1629. Car ferry service from
K e y West to Havana, 96 miles, was begun oil Jan. 1 1915. V. 97, p. 1115,
1281, 1583; V. 99, p. 406; V. 100, p. 140: V . 102, p. 1346.
S T O C K .— $10,000,000. all sold at par. V . 96, p. 1840.
B O N D S , &c.— Th e 1st M . 4 Ms ($12,000,000 auth.) aroa first lion on 617
miles. V. 88, p. 1020; V. 94, p. 1185: V. 98, p. 1993.
Int. on Incomes, 3>4%, paid N ov. I 1910: N o v , 1911, 4% ; N o v . 1912,
1913 and 1914, 2>S%; 1915, 4% : N ov. 1916, 5% . V. 103, p. 1032.
E A R N IN G S .— 6 mos../1910..........Gross, $4,037,931; net, $1,751,562
July 1 to Dec. 31. (1915-........ Gross, 2,529,334; not,
576,152
R E P O R T .— For year end. June 30 1916, In V. 103, p. 1684, showing:
Fiscal
Gross
Net
Water
Intereston
Interest, Bal.,
Year— Earnings. Earnings.
Line.
Income Bds. Taxes,Jkc. Sur.
$
$
$
$
$
$
1915-16— 6,374,933 2,648,2650.500,631 (5% ) 1,250,000 1,076.008 882,889
1914-15.-6,392,782 2,054.946 0.40,000 (4 % ) 1,000,000
881,027 213 319
1913-14.-5.397,046 1,681,432 ----------- (2 'A) 625,000
940,218 116 214
Pres., W . H . Beardsley; Treas., L . C. Hainos.— (V. 103, p. 1684,2340.)
FONDA JOHNSTOWN & G L O V E R S V ILLE R R .— Owns Fonda to
N orthvllle (steam), 25.47 m.; Gloversvlllo toSchenectady (electric). 32.26
m.; Glovcrsvllle to Fonda (electric), 8.70 m.; Belt line In Amsterdam
(electric), 3.67 m.; Belt lino lu Gloversvlllo (electric), 3.84 in.; llagaman
lino (electric), 2.29 m.; second track (electric), 22.97 in. Operates under
lease branch lino Broadalbin Jet. to Broadalbin, 6.15 m. (steam ); also local
lino Gloversville to Johnstown (electric), 4.08 in.; yardlngs and sidings,
13.30 m.; trackage, 1.99 in.; total. 88-45 miles o f road (124.72 miles or
track), o f which 103.32 on prlvato right o f way and 21.19 miles on streets
and highways. The Little Falls & Johnstown U K ., owned by allied Inter
ests, Is building an electric road from Little halls to Johnstown, 28 inlles,
with branch from St. Johnsvlllo to Oanajoharie, 8 miles. V. 95, p. I l l , 1123.
Owns entire $105,000 common stock o f Coal Go. o f Fulton Co. and stock
o f Edison Electric Light & Power Co. o f Amsterdam. In Oct. 1916 tho
latter company had been authorized to Issue now stock or bonds to reim
burse tho railroad for some $300,000 o f advancos. The road may sell tho
new securities to pay o ff its own loans. V. 103, p. 838. V. 71, p. 1167;
V . 78, n. 29. Also 06 2-3% Interest in stock and bonds o f Adirondack
Lakes Traction C o., 4 miles.
D IV ID E N D S .— On com., 2% , July 20 1910: July 10 1911, 2% ; Aug.
1912 and 1913, 2% : 1914 to Feb. 1917, none. V. 99, p. 537.
B O N D S .— Consol. 4)^3. $7,000,000 auth.; $1,850,000 Is reserved to retlro prior liens. V. 76, p. 205. Guarantees $30,000 Gloversville & Broad
albin 53 and 850.000 Johnstown G lov. & K . 5s and $50,000 8% stock.
103. p. 838:
Sur or Def.
0 0 0 sur.$23,864
000 def. 16,738
Dio.
l ) AVIUlf* 11/ l - 'U - ' G i
1916____ $517,507 $250,791 $20,124 $221,102 (6%)$15,000 f sur.$40,813
1915 ....... 471,551 232,737 18.027 215,904 (6% ) 15,000: sur. 20,460
— (Y . 103, p. 758, 038.)
F O R T DODGE DES M O IN E S & S O U T H E R N R R .— Owns from Des
Moines, la ., to Fort Dodge, Boone, Ames and Rockwell C ity, 1 2 8 in. An
extension is being constructed to Lehigh and Webster C ity, adding 25 miles
to track operated. Incorporated In Malno In 1913, succeeding tho Iowa
corporation o f the amo name, which was foreclosed Oct. 13 1913. V. 97,
p. 1357, 1426. 1583. Capital stock, pref., $1,300,000; common, $2,500,000.
D IV ID E N D S .— On prof, stock In 1916. 7 r,'. ( I !.( % Q .-F .); 1917, Fell..
\ H ' . Common stock, 1>S% Aug. and again N ov. 1 1916, and Feb. 1917,
V. 103, p . 1792.
53
RAILWAY STOCKS AND BONDS
Rate
%
When
Payable
Last Dividend
and M aturity
Places Where Interest ana
Dividends are Payable
6
5
4
4
4
3H
4
4
4M
4 «
4M
5
AI & N May 1 1936
InterstateT& BkCo. N O
Q— J
Oct 1 ’ 16 1 K % Office, Boston & Me,Bose
M & N Feb 1 1937
Office Flt*hburgR R ,B oit
J & D June 1 1920
do
do
Various 1927-1928
do
do
A & O Oct 1 1920-21
do
do
A & O Apr 1 1927
do
do
M & N May 1 1925
do
do
M & N May 1 1928
do
do
J & .1 Jan 1 1932
do
do
.1 A
J Jan 1 1933
do
do
J & J Jan 1 1934
do
do
7
6
6
5
3H
J &
.1 &
F A A
J& D
M &
5
J
&
,T •July 1 1924
1) June 1 1917
15 Feb 15 1917
30 Juno 301917
N May 1 1923
J July 1 1959
do
do
do
do
do
ao
N o v 1908 coup last paid
4 H g J & n June 11959
Bankers T r Co, 14 Wall St
New York
5% pd Nov 1 '10 July 1 1959
M & N M a y 1 1917-’22 N Y . U S M tg & T r Co
5
0
6
4« g
4 g
5
0
4H g
5g
4g
4H5
6
5H
Aug
Q— M Dec
A & O A pr
.1 & .1 July
,1 & .1 July
J A J July
A & () Oct
M & N N ov
J & D Dec
A & <) Apr
•
T & J Jan
J & J July
M & S M ar
15 ’ 13 2%
15*16 1 >3%
do
do
1 1921
Imp & Trad Nat Bk. N 7
1 1947
New York Trust Co, N Y
1 1950
do
do
1 1933
F u lC oN B k„G lov’ lle.N Y
1 1922
Farmers’ L & T r Co, N Y
1 1952
New Y ork Trust Co, N Y
1 1917-38 N ew Y ork
1 1954
Oct 1907 coup last paid
1 1941
Central Trust Co, N Y
1 1918
M erc N a t Bk, Boston
3 1917 2M Farmers' L cc Tr Co, N V
Bonds (open mortgago), present Issue, $5,500,000, was offered h yN . W .
TIalsoy & C o., in 1915. See V. 101, p. 1272, 1972. Due serially on I T ■ 1
.
$50,000 yearly, 1916 to 1937, both Inclusive, and $4,400,000 in 1938. bual
redeemable all or part on any interest (lato at 105 and int. Addition
bonds issuable only for 80% o f cost o f additions, &e., when annual not oar
lngs are 1% times interest charges, including the bonds proposed.
Earnings for year ending June 30 1916, gross, $1,337,569; net, S634.789;
other Ineomo, $72,070; int. on bonds. $282,185: div., $67,250; taxes, $23,
022; bal., sur., $334,401. Year ending June 30 1914, gross, $1,026,879;
1012-13, $762 050.
Directors: b . Sidney Shepard. W allace B. Donham, Parley Sheldon.
Homer Loring, Samuel H . Powell. Pres., Homer Loring; Treas., F. M .
Johnston; Gen. M g r., C. I I . Crooks, Boone, l a .— (V . 102, p. 608; V. 103,
p. 1702.)
FORT SM ITH & W ESTERN R R ,— Operates F ort Smith, Ark., to Guth
rie, O. T ., 216 miles, of which Coal Creek, I. T., 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 uso o f M . K . A T , tracks. Fallis to Okla
homa C ity, 30 miles. V . 101, p. 1553. Coal properties are developed
at McCurtaln, I. T ., 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 & W est. K y., Guthrie to El Reno, O. T ., 42 m o p e r Independently.
On Oct. 9 1915 Gen. M gr. Arthur L . M ills was made receiver. V. 101,
p. 1272. Bonds deposited till July 1 1917, with a committee consisting o f
VV. L . Brown, A . W . Mellon. Colgate H oyt, W . H . Connlff. \V. G . M ather.
J. J. Sullivan, Geo. S. Russell, James J. H oyt. S. H . Tolies, O. C . Bolton
and A . C . Dustin (Superior Savings & Trust, Co. o f Cleveland, the mtge.
trustoo, depositary), with power to sell or exchange the same. &c. V. 91,
p. 1446; V. 92, p. 527. In Oct. 1916 was ordered sold under foreclosure.
V. 103, p. 1592.
Stock, $5 o u t) . 000, all outstanding; par $100. Of the 4s of 1901 ($7,500.
000 auth.), $5,833,000 were Issued lu exchange for $5,000,000 old 5s
$400,000 are reserved to replace the 20 miles of trackage rnentloued above,
$400,000 for equipment, and the balance for otuer purposes; Superior Sav.
* Trust Co., trustee. Equipment trust notes outstanding June 1916.
$395,000; current liabilities, $2,426,378. V. 77. p. 88
E A R N IN G S .— 6 m os.,11916................Gross, $564,069; not, $126,122
July 1 to Dec. 31. \1915__________Gross, 352,703; net,
60.393
For year ending June 30 1916, gross. $715,779; net, $128,778; other inc.,
$14-614; Int., taxes, &c., $188.Jti’i; bal., def., $ 14,974. In 1914-15. gross,
$630,894; net, $81,228. Fres., A. C Dustin, Cleveland, O — (V.103, p.1592).
FORT STREET UNION DEPOT.— Owns passenger station with ap
proaches, 1.4 m., connecting with Detroit Union R R . Depot & Station Co •
property, loased for 990 years from Dec. 10 1889 to Wabash, P e re M ar
quette and Canadian Pacific for rental equal to 5% or total cost o f property
and current expenses. Incorp. In Mich. Aug. 24 1889. Stock, $1,000,000,
o f which Pore M arq. owns S515.800; par, $100. On July 1915 Issued
$329,000 6% notes exchangeable for like amount o f 5% bonds duo July 1
1918. As bonds are exchanged they are deposited as collateral to the notes.
Pros., Frank I I . Alfred, Detroit.— (V . 100. p. 1832.)
FORT W A Y N E & JACKSON R R .— Owns Jackson, Mich., to Fort W ayne
tnd., 08 miles. On Aug. 24 1882 leased perpetually to Lake Shore & Michi
gan Southern (now New Y ork Central at a rental of $126,027. equal to
5 % on the pref. stock (see V. 56. p. 812), and after -1887 any net earnings
over 8% on pref. stock to be paid on com., but not exceeding 2% a year.
Common stock. $436,132.
FORT W O RTH & DENVER C IT Y R Y .— F t. W orth . Tex., to Texllne,
454 miles. Owns securities of F t. W . & Den. Term . R y .
STO CK, &o.— Colorado & South. R y . June 30 1915 owned all but $ 13.984
o f tho $9,375,000 capital stock, tho latter including $6,835,008 common
and $2,539,992 stamped stock. V. 63, p. 1003, 75.
Payments under stamped stock agreement of Out. 12 1895: 2% In ’98:
1899, 2% ; 1902. 4% : Feb. 1903, 1904. 1906 to 1913. 4% each; June 30
1913.3% .and Dec. 3 i, 1% and 2% extra to bring payments within cal. year
1914, Juno 30. 3% ; Dec. 31, 1% and 2% extra; 1915. 0% ; 1916, 6% .
BO N DS.— Abstract of mortgage. V. 45, p. 410. Certfs. of Indebtedness
owned by Colo. Sou. June 30 1915. $299,917. Equipment trust, V . 82,
p. 1101: V. 84, p. 508.
The Fort W orth & Denver Terminal R y authorized an Issue of $2,500,000
30-ycar0% bond3 dated Deo. 1 1907 (Bankers Trust Co., N . Y ., trustee),
subject to call at 105, of which $728,000 have been Issued. 5300,000 sold and
$428,000 held by Ft. W . & D. C. R y. V. 86. p. 52. 1100, 1589: V . 87. p. 949.
E A R N IN G S .— 6 mos.,/1916______ Gross, $3,345,229: net, $1,338,840
July 1 to Doc. 31. (1915______ Gross, 3,115,334; net, 1,(16,625
For year ending June 30 1916, gross, $5,822,480; not, $2,039,237. In
1914-15, gross, $5,302,762; not. $1,326,559; other income. $12,047; bond
int., $520,171; other charges, $315,916; bal., sur.. $502,519. Pres., G eo.
B. Harris.— (V . 82, p. 1156; V. 84, p. 503.)
F O R T W O R T H & R IO G R A N D E R Y .— See reorganization plan under
St. IiOuis & San Francisco R R . below.— (V . 102, p. 885.)
G A IN E S V IL L E .M IDLAND R Y .— Owns Gainesville. G a., to Athens. 42
inlles. standard gauge, and Belmont to Monroe, 32 miles gauge now
standard. V. 79, p. 151,269. 500, 627. Stock, all out, $550,000.
O f the 1st 5s o f 1905 ($1,000,000 auth.), $661,000 has been sold and 314,
000 Is reserved to retire old 6s; $26,000 treasury bonds and $192,000 issued
to cover broadening gauge o f 32 miles are pledged to secure an issue of
$400,000 3-yoar 0% coupon notes o f 1913. These notas also have as addi
tional security the following, pledged by Individual owners: S630.000 1st M .
bonds (1905 issue), $514,COO out o f $550,000 cap. stock. O f theso 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
tho extent o f $213,285; Series B Is all out. V. 97, p. 950; V. 81, p. 1848.
The Chatham 15k. & T r. Co. Is mtge. trustee. V. 81, p. 1375, 1550.
Year ending Juno 30 191 i, gross, 31 '5,939; net, $60,293; hit., taxes, &c.,
$73,312; balance, def., $13,019. In 1914-15, grass. $168,245. I’ res., Geo.
J. Baldwin: Sec., Gordon O. Carson, 120 B ’way, N . Y . — (V . 97, p. 950.)
Lake Melville
JAM ES B A Y
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=
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Double Trac k
tetiUH&
i&Hi Lines
under C onstruction
ht»
* w ..;jtd Lin e s in Operation
v
■ *“ = “ “
Projected Lines
o
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TO Y O K p H A M A ^ j
queen
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F e b ., 1917.1
PEACE RiyEi
COUNTRY
::
;
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^
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R A IL W A Y STOCKS A N D BONDS
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Punmore!
■ gB H A N DON
’roctoi
Princeton
MacLeod
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ie Woods
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Crookston
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Trinidad
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Spooner.
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Yellowstoi
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Yellowstone
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■ ■ a m m Projected Lines
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Winnemucca
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AND CO NNECTIONS
----------- Double Track
u w u u Lines under Construction
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Rawlins
M A P OF T H E
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Stamford
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Eureka
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DENVEI
L in c o ln
«;
56
R A IL R O A D C O M P A N IE S
[F or abbreviations. &c.. see notes on first page]
Miles
Road
Date
Bonds
Amount
Par
Value
$1,000
454 1881
Ft""W orth & Den C ity — 1st M g $18,000 pm Ba.zc*
1,000
1907
Equip trust Series B due 510,000 s-a red lO U .G x
1,000
1915
E q tr Sor O $56,000 s-a rod a ft M a y ’20 102J4---FP
1.000
74 1905
Gainesville Midland— First M 51,000.000 e red at 110
100 &c
1913
Notes $400,000 auth extended to Oct 1 1919---------1,000
256 ■71-’80
Gal vestonHarrisb&San Antonio— lst&2dM g 1gr ext o*
1,000
671 1881
Western Division 1st M (Mex & Pao ext) g o ld .._ x
1881
do
do
2d M “ stamped” guar p Sc 1----1,000
1910
Galveston-Victoria Dlv 1st M 510,000,000 a u th ..
1,000
50 1913
Galveston Hous & H endof 1882— 1st M. g.C ol yc* &r
1,01)0
1903
Galveston Terminal— 1st M 55,000.000gu (tex t)-B a .x
1.000
1882
Galveston Wharf Co— 1st (r e) M gold s
zo
1.000
1890
First series (wharf & railroad) gold 5s sink fund.zo*
1,000
1901
Second series (wharf & railroad) eotd os s f — zo*
1,000
16 1899
Genesee St W yom ing R R — 1st M gold 5500^000..-C ol
G en eva C o rn in g & S o u th ern — See N Y Central R R
Georgia & Alabama— Georgia Carolina & Northern— See Se aboard A ir Lino
1,000
85 1906
Georgia Coast & Piedm ont—'First M g 51.000,000-Gx
1912
Income debentures............................................ • - - *
ido &c
1912
New mtge 53,500.000 auth gold red 105--------- C olx
100
Georgia St Fla— Common stock 515,000 per mile----100
Pref stock non-cum partlc. $10,000 per m ile-------1.000
53 1905
Mlllen & South 1st M ...... .............................. --C olx
500 Ac
284 1907
Georgia & Florida mtge 512,000.000 gold ..B B ax o*
500 Ac
1912
Gen M g (cum Inc for 10 yrs) red par-------FBa.xo*
1,000
1910
Georgia A Florida Term M 5200,000 guaranteed., .x
1,000
1904
Georgia Florida & Alabama— First mtge gold Ba.xo* Toxt
1.000
98 1896
Georgia Midland R y — First M gold $l,650,0001ntgu.x
Georgia Pacific— See Southern R y
100
307
Georgia Railroad & Banking Co— Stock---------1.000
1897
Bonds refunding not mortgage ou rren oy.......... zo*
1,000
’82-’ 87
Bonds not mortgage ($200,000 are 5 s ) ----- - - — z
1,000
1907
Bonds not mortgage currency (V 87. p 226. 2S5).zc
100
G eo rg ia Southern & Florida— Common stock-----------100
First pref stock 5% & partlc non-cum r e d . „ . ----100
Second pref 5% & partlc non-cum $1,084,000 ----1,000
285 1895
First mortgage gold 54,000,000................MeBa.xo*
1,000
392 1902
1,000
1910
1.000
1912
do
do
1,000
1915
O ALVESTO N H A R R IS B U R G St SAN ANTO N IO R Y .— (.See M ap Southern
P a cific.)— Owns Galveston, via Houston, T ex., to east bank of Rio Grande
River, 825 miles; Heevllle to Rosenburg, 147 miles; San Antonio to Port
Lavaca, 136 miles; Magers to W est Shore, Galveston B ay, 46 miles; Warton
to Palacios. 68 miles; branches, 119 in., owns jointly 2 m.; trackage. 1 m.;
total, 1,345 ni. Southern Pacific Co. owns $27,055,900 o f the $27,084,372
stock (par $100). V . 79, p. 2642; V . 80. p. 1424; V . 81, p. 211, 668, 1242;
V . 83, p. 1528.
B O N D S .— T h e Oalveston-VIctorla D lv . 1st M . 6s ($10,000,000 auth
Issue) cover the properties acquired in 1905 and the new lino from Stockdale
to Ouero, T e x ., 47 miles: $9,022,000 o f the bonds have boon Issued, and are
held by the So. Pac. V. 02, p. 1636; V. 94, p. 130; V. 96. 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 the holders o f the bonds, part were
retired and the remaining $2,539,000 "stam ped” with a guaranty by
Southorn Pacific Co. o f payment or principal and interest as reduced from
0% to 5% from Jan. 1 1915. V. 100. p. 397. Equip, bonds, $1,558,000 6s,
owned by Southorn Pacific. V. 76. p. 1300: V . 77. p. 2160. T h e Sou. Pac.
Oo. owns $444,000 out o f a total o f $2,539,000 M ex. & Pac. ext. 2d M . 5s
and $4,728,000 G. H . & S. A . East D iv. 1st 6s (e x t.), duo Aug. 1 1935.
E A R N I N G S — 6 m os.,(1916_______ Gross, $8,962,769; net, $3,441,021
July 1 to Dec. 31. \1915_______ Gross. 0.545,249; net, 1,804,109
J'neZQYr. Gross.
Net.
Oth. In c. Interest.
Miscel.
Deficit
1915—
16-$12,831,389 $2,912,587 $810,905 $1,776,330 $2,359,906 $412,844
1914-15- 11,212,141 1,453,907 884,700 1,712,855 2,150,584 1,524,831
(V . 103. p. 1210.)
G ALVESTO N HOUSTON & HENDERSON R R . OF 1882.— Owns from
Galveston. T ex., to Houston, T ex., 50 miles. See V . 61. p. 1013.)
O R G A N IZ A T IO N .— The M. K . & T . and International A Great Northern
have had trackage rights since Deo. 1895 under a contraot providing for pay
ment to Central Trust C o., as mtge. trustee, o f $100,000 yearly to meet inter
est on C». H. & H . bonds and an additional rental o f $24,000 per ann. for
dividends or other purposes— see V. 61, p. 1064; V. 63, p. 697. D lvs., M a y
1904 to 1906, 4% yearly; since to July 1 1913, none. M . K . & T . owns
4,999 shares o f stock. O f tho 1st gold 5s ($5,000,000 auth. issue), $2,000,
000 were issued to retire old bonds due A pril 1 1913. O f the remainder,
$1,000,000 is reserved for not over 90% o f cost of new equipment and $2,
000,000 at not over $1,000,000 yearly for cost o f improvements. Redeem
able at 105 on any interest day. V. 98, p. 839; V . 102, p. 1987.
Stock, $1,000,000; par $100.
For the year ending June 30 1916,
gross, $334,375; net, S14.497. In 1914-15, gross, $344,944, against $319,
145 in 1913-14 and $321,931 in 1912-13; net, $89,708, against $65.4<7 and
$68,804, respectively; taxes, $28,578. against $33,159 and $35,920.— ( V .
102, p. 1811. 1987.)
G ALVESTO N T E R M IN A L R Y .— Owns extensive terminals at Galveston
T ex., used by Trin ity A Brazos Valley R y., Colorado Southern and Ohio"
R. I. A Pacitlc, which own practically all the stock. V. 87. p. 950. Owns
a largo freight depot and warehouse and about 14 blocks along Galveston
water-front. In Sept. 1914 3.49 miles o f main lino and 20.33 miles sidings
had been completed. Stock, $25,000. O f the 1st 6s ($5,000,000 auth.
Issue) $1,051,000 guar, join tly by the Ch. R. I. & P. and Col. & Sou. V.
86. p. 1100. 1589; V . 87. p. 1478. Ch. R . I. & P . sharo o f guaranty in
_ _ I 5 ' ......................................
1 9 1 had no’t been paid by receivers o f that company, but all coupons paid
In full to and Incl. Sept. 1 1916_(see Ch._R. I . & P . R y ., V. 103. p^2428,
1980). Pres., J. VV. Robins, Houston, Tex.; V .-P ., Chas Fowler; Sec. &
Treas., E. R . Cheesbrough, both o f Galveston, T e x.— (V . 87, p. 936;
V . 100. p. 20850
GALVESTON W H A R F CO.— Owns wharf properties extending from 10th
to 41st Sts., Galveston, T ex., and 12.8 miles main line switching tracks In
city, with yard tracks and sidings. Incorporated In Texas Feb. 24 1854.
Stock outstanding June 30 1912, $2,626,600; par $100.
Dividends in
1904, 3 1 9 0 5 , 4 H % : 1906 to 1908, 5% yearly; 1909, 4 X % ; 1910 to
1913, 5 > i%; 1914. none.
„
The first 6s of 1882 cover only the real estate, tho 5s of 1890 and 1901
(V . 73, p. 959; V . 95. p. 483), both tho wharf and railroad property. Alj
threo mtges. have sinking funds sufficient to redeem the bonds by maturity.
E A R N IN G S .— For year ending Juno 30 1916, gross, $1,373,244: net,
$508,401. In 1914-15, gross, $1,577,231; net, $834,884. Pres., John
Sealy; Sec., Treas. & Gen. M g r., J. J. Davis. Office, Galveston, Tex.—
(V . 95. p. 483; V . 99. p. 816.)
GENESEE & WYOiMING R R .— Retsof, N . Y .. to Pittsburgh & Lehigh
Jot., 11 miles: Retsof Jet. to Grlegvtlle, 4 m.: branch, 2 m.: total, 16 miles.
Stock, 5500,000; par, 5100. Dlvs. from Oct. 1899 to 1902, Incl.. 5% yearly;
1903, 8% ; 1904, 8% : 1905 to Apr. 1910, 4% yearly (s.-a.): Aug. 1910, I H % :
N o v ., 1 X % : 1911, 5 % . paid 14*% Q.-J.; 1912 and 1913,5% (Q .-F .): 1914.
Feb. and M a y , 114 % ; Aug. 1914 to Aug. 1916, \ 'A % quar.; N o v. 1916. 2% .
Y e a r 1915-16, gross, $249,585; net, $146,020; charges, $85,729; divs. (6 % ),
$30,000; bal., sur., $30,291. Pres., M . B. Fuller, Scranton, l ’a.; Sec. &
Treas., W . I I . Barnard^ 2 Rector St., N . Y . — (V . 76, p. 1248.)
G E O R G IA C O A S T & P IE D M O N T R R .— Extends from Brunswick to
Collins. Ga., 98.4 miles. V. 98. p.839. V. 101. p.448. In July 1916 no
interest had been paid to date on the Gen. M . o f 1912, the amount unpaid
aggregating $320,000, against a portion o f this stun debentures had boon
issued, but Interest on these too was in default. A receivorship granted
July 17 1916 to a small bondholder has been suspended pending litigation.
V.^ 103,^>.^20. A committeo proposes reorganization. SeeF . J. Lisman
O f the 5s o f 1912 ($3,500,000 authorized issue). V . 94. p. 1448, 1763.
Y ear ending Juno 30 1916, gross, $126,269; net, $24,914; int.. taxes, &c.,
$91,332; bal., def., $66,418. Pres., F . J. Lism a n — (V . 103, p. 320.)
G E O R G IA F L O R ID A & A L A B A M A R Y .— Owns Richland. G a.. to
Tallahassee, F la., 131.22 miles, including 26 miles opened Sept. 1909: Talla
hassee to Carrabelle, on the G ulf o f M exico, 49.68 miles: branch, Havana,
Fla., to Quincy. 11.23 miles; total. 192.13 milas. Also operates steamer
line from Carabelle to Appalachicola. F la.. 32 miles. Stock, $450,000;
[V o l . 104.
RAILWAY STOCKS AND BONDS
Rate
%
When
Payable
Last Dividend
and Maturity
6 g
5
4H
5 g
6
6 g
5 g
6
6
5 g
6
6g
5 g
5g
5g
J & D Deo 1 1921
A A O T o Apr 1917
M & N M a y 1 1925
M A N Nov 1 1935
1 — , Oct 1 1919
Q J
Various Aug 1 1935
M A N May 1 1931
J 7
c J July 1 1931
J A D June l 1940
A & O Apr 1 1933
M & S Mch 1 1938
J & J July 1 1932
A & o Apr l 1940
F A A Aug 1 1926
A & O Apr 1 1929
5g
5
5g
M
&
A
&
5 g
5 g
Sec text
6
5g
3 g
A &
M A
F A
J A
J &
A &
Places Where Interest and
Dividends are Payable
Office, 32 Nassau St, N Y
Guaranty Trust Co, N V
Fidelity Trust Co, Phlla
Savannah. Ga
Chatham Bank & T r Oo
Owned by Sou Pao Co
So Pao Co 165 B’ w ay.N Y
do
do
Columbia Trust Co, N Y
Bankers Trust Co, N Y
N at City Bk. N Y , or Gal
do
do
do
do
Columbia Trust Co, N Y
S Mch 1 1948
July 1 1936
0 Apr 11962
Interest in default
In t only pay when earn
Oct 1914 coup In default
o Apr
N Nov
A Feb
J July
J July
O Apr
Hanover N at Bk, N Y
See text
1 1955
1 1956
1 1932
1 1930
1 1954
1 1940
J Jan 15 1917 4
12 in ’ 16 !Q— ,
J *
J Jan 1 1922
5
& J Jan 1 1922
5 &6 j
J A J Jan 1 1947
4
Bankers’ Trust Co. N V
J P Morgan & Co, N V
Augusta, Ga
Am E x N at Bk, or Aug
do
do
Am Exeh N at Bk. N '
5 in 1916 M A N N o v 8 '16 2 K JI T 4 D Co. B ali; & N i
do
do
5 in 1916 M & N N o v 8 ’ 16 2M
do
do
5 g J & J July 1 1945
do
do
i
4g
1July 1 1952
r & .
1
4 1 g M & SM ar 1917 to 1920 Equitable Trust Co, N Y
4
c
i
4 H k F S AlAug 1917 tol922 Bankers Trust Oo. N v
l
4 H g M & N 1 5 ! N o v '16 to '25 Rlchm ’d.Va.O ld Dom T r
par, $100. In June 1909 President Williams, It was reported, purchased
the minority stock and practically all o f the outstanding bonds. V.SS.
Cora B’. Williams; Sec.-Treas., L . G. Papy, Bainbrldgo, Ga.— ( V . 88,
1437; V . 100, p. 1672.)
GEORGI V St F L O R ID A R Y .— Owns from Madison. Fla. (40 miles from
Gulf of M exico), to Keysville, Ga.. 223.0 miles; trackage, K eysvllle to Au
gusta, Ga., 25.9 in.: other trackage. 3.7 m.; branches, 96.5 m.; total
June 30 1916, 349.8 miles. Owns stock of Georgia A Florida Term . Co.,
o f Augusta and Valdosta and guarantees its 1st 6s. A consolidation in Aug.
1907
V . 82. p. 1211; V. 85. o. 345; V. 87, p. 480. 936. 1533; V. 88. p. 681.
On March 27 1915 J. M . Wilkinson, Harry R. W arfield o f Baltimore, and
W . It. Sullivan o f N . Y ., were appointed receivers. In 1916 Langbourne
M . William s was appointed to succeed J. M . Wilkinson, docoased. V . 100,
1 ' Protective Committee for 1st M . 5s o f 1907; Franklin Q. Brown, 33 Id no
1
St. N . Y ., and others. Depositaries, Baltimore T r. C o., Central Tr. Co.
o f N . Y . and Richmond (V a .) T r. & S Bk. V. 102, p. 712.
BONDS.— Bonds of 1907 to be limited to 512,000,000 at 520,000 per
mile, of which 56.312,000 have been Issued, 55,600,000 being in hands of
public, $212,000 reserved to retire Mlllen A S. W . bonds and $630,000 In
treas. V. 85. p. 221. 530; V . 95, p. 1472. Holders o f 1st M . bonds were
asked to fund their coupons for 3 years from N o v . 1913 to M a y 1916. notes
to bo givon In exchange for said coupons as they mature, secured by said
coupons bearing 5% int. (payable semi-ann.) and due on or before N o v . 1.
1918. In event o f default or receivership, tho coupons woro to be returned
In Jan. 1914 about 82% o f bonds had agroed to funding o f coupons. V . 98.
p. 155. V . 97. p. 1024, 1504. Car trusts M ar. 1915, $77,712.
Gen. M . bonds, see V. 94. p. 830, 826, 911, 1118.
E A R N IN G S .— 6 mos.,/1916................... Gross, $453,638; net, 178,516
July 1 to Dec. 31.
\1015................... Gross. 380,724; not, 20,639
R E P O R T .— For year ending June 30 1916. gross, $739,141, net,
$10,172. In 1914-15. gross, $682,045; oner. def., after taxes. $67,121.
Report for 1910-11 in V . 94, p. 203.— (V . 100, p. 1168; V . 102, p. 712.)
G EORGIA M ID L A N D R Y .— Owns road from Columbus to MoDonougb,
G a .. 98 miles. Leased from July 1 1898 for 99 years to the Southern Rah
way Co. for $49,500 annual rental (being Interest on the first mtge. bonds.
&o.) and $2,500 for Columbus terminal property. Stock Is 51,000,000,
owned by Southern Railw ay Co.— (V . 63, p. 361: V . 82, p. 751.)
G E O R a iA R R .& B A N K IN G CO.— Georgia R . R . Augusta, to Atlanta.
171 m.; braaones to W nulagcoa and Atnons, 58 m.; Macon & Augusta
R R . (proprietary road), Camak. Ga.. to Macon, Ga.. 74 m.; traokago, 4 m.:
total, 307 m. Owns 60% stock of Western R y . of Ala. (the Central of Ga.
R y . owning the other half). In 1910-11 sold its 47% Interest In A tl. & West
Point to the lessees at $135 per share, with option o f purchase at end o f lease
Lease.— In 1881 road leased for 99 years to VV. M . W adley et at for tho
Cent, of Ga. and the Loulsv. A Nashv.. at $600,000 per year, but In April
1899 the Loulsv. A Nashv. was held to have acquired all rights under tho
lease1Atlantic Coast Co. 1899 acquired half Interest. V . 68, p. 722. Owns
majority ($594,900) stock "G a . R R . Bank.”
D IV ID E N D S .—
V83-’87. ’88. '89 to J a n .’ l l Since to Jan. 15 1917,
Regular since 1881 % / 10 yrly. 10 H 11 yearly.
12% yearly
Extra (from bank earnings, V. 103, p. 2340)-------------- ^
Jan. 1917, 1%
Railroad earnings for year ending Juno 30 1916, gross, $3,097,86o; railway
operating income $719,083: non-operating, incomo (rentals. &c.,) $217,408;
total, $936,581 (against $551,375 in 1914-15). Deduct rental to Georgia
R R . & Banking Co., $600,000; other charges, $155,260: additions. &c., $7S 176: incomo balanco. $103,145. against debit balanco o f $220,494 in 1914-15.
(V . 100. p. 1078, 1592; V. 103, p. 2340.)
GEO RG IA SOUTHERN St F L O R ID A R Y .— (Se« M ap of Southern R y .) —
Owns from Macon. Ga., to Palatka. Ida., 285 miles; on N ov. 1 1902 pur
chased A tl. V . A W . R y ., Valdosta, Ga., to Jacksonville, Ida., 107 miles:
traokagolnto Jacksonville, 11 m.; total,402 m. V. 60, p.928; V .7 9 ,p .5 5 1 .
Also owns one-oighth o f stock o f Jacksonville Term . Oo. (V . 77, p. 626) and
1-3 o f stock o f Macon Terminal Co.
„
Owns the stock o f the Hawkinsvillo & Florida Southern R y ., Worth to
Hawklnsville, G a., 43 miles, and Ashburn to Camilla, G a., 50 miles, $606,OOoT 1st M . 5% bonds being guar., p. & i. V. 79. p. 2585; V . 97. p. 175, 365.
D IV ID on
JT892. 1898. 1899. 1900-05. 1906. 1907 to N o v 1916.
Second pref. (% ) l 2
3
3
4 yearly
4 Vi
5 yearly
B O N D S .— First mtge. o f 1895 (A b s tra c t. V . 61. p. 429) provides that the
$684,000 first pref. stock shall be a lien on the assots coverod by that mtge.
second only to tho bonds and coupons.
, , ,
„ „
T h e First Consol. 4s o f 1902 are for tho authorized amount o f $10,000,000
o f which $4,684,000 aro issuable to retlro tho $4,000,000 5s and $684,000 1st
pref. stock and $3,316,000 are reserved for futuro needs. V. 75, p. 980.
L A T E S T E A R N IN G S .— (1916_____Gross, $1,437,249; net, $374,459
6 mos., July 1 to Dec. 31 .\ 1915------Gross, 1,212.849; net, 264,2bb
R E P O R T .— Report for 1915-16. in V . 103, p. 1789, showed:
June 30
Gross
Oper.
Other
Interest, Pref.
Balance,
Years—
Earns.
Income. Income.
An.
Dios.
bur.or Def.
1915-16____$2,445,408 $471,055 $103,696 $354,964 388.400 sur 131,38b
1914-15____ 2,215,773 253.405 108,158 357.304 44,200[ def. 39.941
I’res., Fairfax Harrison, Washington, 1). C .— (V . 103, p. 168/, 1789.)
G E O R G IA S O U T H W E S T E R N & G U L F R R . (A lb a n y & N o rth ern
B y .).— Projected to exteud from Albany, G a., southwest to St. Andrews,
Fla., on tho G ulf or Mexico. In Feb. 1910 acquired tho Albany & Northern
R y.. extending from Albany northeast to Cordelo. 35 miles, with capital
stock. $350,000. and bonds. $400,000. V. 90. p. 109, 502. Uses Albany
Passenger Tormlnal Co. station (openod Oct. 4 1913). owning ono-flrth
of tho stock. G . S. W. & G . stock auth.. $4,000,000. Issuable at $20,000
p. m.; outstanding June 30 1916, $40,500. Tho $4,000,000 m tge. Is se
cured by pledge o f $350,000 cap. stock o f Albany A N or. R y ., &c.; bonds
Issuable at $20,000 p. m. For year eiul. June 30 1916, gross, $105,029; net.
RAILWAY STOCKS AND BONDS
F e b .. 1917.]
RAILROAD COM
PANIES
R te
a
A ou t
m n
a
M
iles D te Par
[For a b v tio s A sen te o first p g ]
b re ia n , c., e o s n
ae
R a B n s V lu O ts n in
o d o d a e u ta d g %
G eo rg ia S ou th w &G u lf— Albany & N or 1st M g__c
400.000
1,000
1896
6K
G 8 W & Gulf m t g e ..............................................Ce
G ettysbA Harrisb— Con(nowlst) M $505.000g (text) .x
.la Valley (ilobe & Northern— See Arizona Eastern
(loghen & Deckcrtown— 1st A 2d M ($00,000 are 2ds>
O ou vern eu r & O sw egntch ie— See N Y C A H R U R
Grand Rapids & Indiana R y— Stock $0,000,000_____
First M mostly land grant g extended In 1899. ..z c
First M extended gold guaranteed by Penn R R .z o
Second mortgage $5,000,000 gold_______ _______xc
Grand Trunk Pac— First M £ guar Can Govt (text)cA r
Prairie Section M (Ser A ) £2,100.0001 guar p and I
Mountain Sec M (Ser B> £2,050.000) by Grand
Lake Sunerlor Dlv 1st M £1.550.0001
Trunk
Sterling bonds guar by Can G ovt $16,000,000.c*Ar*
Deb stk $25,000,000 red aft 1936. Int gu ny G T
Loan $10,000,000 seo. on Prairie section gu by G. T.
Loan $15,000,000 covered by deb. gu by G. T _____
Dominion loan_____________________________________
do
$8,000,000 sec by mtge V 103, p 406-------Grand T r k Pac Br Lines 1st M gu by Alb text._c*
do
do
1st M gu by A lb £238.600............
do
do
guar by Saskatchewan (see te x t).
do
BgeATorm $4,450,000 bu by Sask text
Secured gold notes £2.000,000 guar red 101------ c*
Grand Trunk R y — Consolidated stock...... ..................
Canada Atlantic R y capital stock.....................
4% guaranteed stooa non-cumulatlvc £12,500,000.
First preference 5% stock £3,420.000.................... Second preference stock £2,530,000-------- ------- ---Third preference 4% stock £7.168.055---------------Debenture stock £4.270.575---------------------------- 1
Consolidated debenture stock (collateral trust) oum f
Seoond equip mtge (subject to 1st M In trust) — oj
Great Western perpetual debenture stock------------o
Northern R y third preference A & B bonds______ ol
Debenture stock 4% perpetual £425.850_______J
Canada Atlantic consol (now 1st) M g g u p & l ____
.
1.000
100
155.500
665.000
500 Ac
RR
’ 88-’ 89
N Bk Or Co. Goshen. N Y
%
C a e . B l.. S r
h rg s a u
A ost co p te b C n d nGv a do e te it s ceJ ly
lm mle d y a a ia o t, n p ra d
in u
Ws rn D
e te ivision B ilt a dO n db C p n
, u n we y om a y
a
.
b
.
L k S p B n , B a dO n db C m a y
a e u erior ra ch uilt n we y o p n
S n ry B n L es
u d ra ch in
*0
1928-1929
V
N a r O e In re t, A d s, B la ce
et, fte
th r
te s d ition a n
T x s A In e. R n , A B ll'sA S rrrlu
a e . c. com e ts c. e c u s
la
)
Various
<N Y A Baltimore
jC o’s office. Albany, G a
Reading Terminal, Phila
&
MAN
MAN
1915----- $5,330,928
$1,085,244 .$58,200 $848,599 $255 000 $39 845
1 9 1 4 .... 5,387,885
887.829 52,211
816,452
111 467
12*121
Pres., John II. P. Ilughart.— (V . 102, p. 1625, 1712.)
'
O R A N D T R U N K P A Q / P I 6 . R y f r ( M ^ a | w . ) r Th is new trans-conti
nental railway Is bolng built with the Joint financial support o f the Govern
ment and the Grand Trunk R y. o f Canada. It will consist o f a main line
o f an estimated length o f about 3,550 miles, from Moncton N B
to
Prince Rupert, B. O.. on Pacific Ocean, 30 miles south or Alaska lino with
branches, 1,188 m. Total, 4,378 m., viz.:
1.
by
1915__■
Eastern D lv., Moncton, N . B., via QueDeo to Winnipeg, about
' l 804
(To be leased for 50 years to Grand Trunk Pacific R y Co — for ‘
first 7 years at cost of operating only and for remaining 43'years
at 3% on cost o f construction) estimated to Dec 81
$179,580,877.
aC
2.
—
Prairie Section, Winnipeg to Rooky Mountains, about.
oi t
Mountain Division. Rocky Mountains to Pacific Ocean ‘ a b o u t
sn
3.
__ ’
Thunder Bay on Lake Superior to East. Dlv., east of Winnipeg
188
4.
— Built by co. and Its subsidiaries
about* 1 non
V . 98. p. 73, 1244, 1528. Winnipeg terminals. V. 89? p?666?
In Juno 1916 no agreement had been reached regarding the operation
o f the Dominion built lino, the Transcontinental R y . " extending from
Moncton, N . B ., to Winnipeg, 1,804 miles. Th e company claims that tlio
road In question has not been completed within the moaning o f the con
tract and that thorofore they are not obliged to operate It nor provide It
with the stipulated amount o f rolling stock ($20,000,000 worth). The
G ovt. Is operating this division In a limited fashion. V. 100, p. 1348, 1592.
O R G A N IZ A T IO N .— Incorp. Dy Canadian Parliament In 1003
V
p. 996: V. 81, p. 1315. As to Grand Trunk Pacific Branch Lines Go., so*
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 .: seo that co.
Tho liabilities o f the Grand Trunk Pacific R y. Cor
began to accumulate against not revenue in Jan. 1916 and as tlio Grand
Trunk R y. was not in a position, owing to tho war, to assume tho burdon,
the Canadian Parliament votod to grant the Pacific Company an $8,000,000
6% loan payable on demand and secured by mortgago. Tho proceeds
aro to moot Interest for at least a yoar upon tho securities o f tho company.
°U?irat ' )ns and to purchaso rolling stock (V . 102, p. 1811,
1892, 1982,2166). I he amount o f interest guaranteed by tho Grand Trunk
C o.is about $2,7.>0,000 annually, to which must he added tho Intorost on the
amount spoilt on branch lines, over and abovo tho amount for which bonds
have been or w ill be guaranteed by tho provincial Governments. It Is
expected the provincial Governments will Issue additional bonds to cover
somo of this amount, leaving probably about $8,000,000 duo to tho Grand
Trunk R y. Co. Th e amount o f Interest guaranteed by tlio Government,
including that on tho Government loan o f $25,000,000. amounts to about
$4,000,000 per annum. In any case tho Government would have to find
Intorost charges to the amount o f $4,000,000, which amount, however. In
cludes $1,700.000 which the Government has to pay oil tho M tu . See. bonds.
S T O C K . — Authorized, $45,000,000 (par of shares. $100 each), of which
the $25,000,000 common Is owned by the Grand Trunk Ry.
BONDS.— The Canadian Government agreed to guarantee 3% 1st mtge
bonds for an amount up to 75% of the cost of construction of the Western
division, such amount
In the case of the Prairie Section not to exceed
$13,000 per mile, or £3,210,000 In all: and (6) 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 p
Gv rn e t Loan—
o e mn
Jan 1 1946
Jan 1 1959
O Oct 1 1926
E
$1,201,300
$63,106
1916_______ $5,897,565
$906,706
$357,700
1,085,244
58,200
1915............ 5,330,928
848,599
294,845
R E P O R T .— Report for 1915 InV. 102, p.1712 In 1915 carried 3.224.561
......................
tons of freight, of which 30% was lumber, Ac., and 20% coal and’ coke
C le d r G s
a na
ro s
Y a— E rn g
e r a in s.
&
&
&
&
C ma y
o pn,
O . Inc.
th
J
J
A
& O Apr 25 1910 1 > 1Office Grand Rap. Mlob
5.791.700
4
918.000
& J July 1 1941
1,000
36 1891
3Hg
IWinslow,Lanier ACo.N Y
4.455.000
& J July 1 1941
1,000
1891
44g
4
36
do
do
5.000. 000
& O Oct 1 1936
1,000
4g
419 1890
Philadelphia. Pa
J Jan 1 1962
1,755 1905 £100 Ac 68 010.000 3 $ or £
Bank of Mont, Lon A N Y
& O Apr 11955
4
916 190.5 £100 &o 10.206,000
o’s Office, London, or
9.953.000
& O Apr 1 1955
4
839 1905 £100 Ao
Bank o f Montreal,
4
7.533.000
& O Apr 1 1955
188 1905 £100 Ac
N ew Y ork
1914 £100 Ao
& J Jan 1 1962..
8,440,848
4
$100 34,879,252
4
&
s Perpetual
ndon, Montreal A N Y
10,000,000
1909
4
& o Apr. 1 1919
9 N Broad St.London,EC
15,000.000
4
1913
& J July 1 1923
N Y M ontreal A London
1914
6.000. 000
5
M & N Overdue
do
do
8 , 000.000
6
On
demand
1909 £100 Ao
4
M
N Feb 25 1939
2.430.000
do
do
1,159,59 >
4
£100
88
Feb 1.6 1942
do
do
1909 £100 Ac
4
9,879.408
Jan. 22 1939
do
do
See text
1914
£100
M A N 1943
do
do
1914 £100 &C 9.720.000
M A S 2 M ar 2 1921
do
do
£23,9 >1,312
459 1882
£100 £1.479.452
None ever paid
1884
£100 £12,500.000 See text M A N N o v 2 1916 2% Check from Co’s Office
*73-,74
£100 £3,420 000
M A N N o v 2 1916 2 >4
. do
do
£100 £2.530.000
A pr 1914 2 >4
*73-74
do
do
£100 £7.168.055
3.512
do
do
Apr 1914 2 >4
3.512 1874
£100 £4.270,375
J A J 14 Irredeemable
6
1874
£100 £24.624,455
4
IGlyn, Mills, Currie A Co
Q— J Irredeemable
• T A J July 1 1919
£100
1869
£373,000
6
830 H Var
A
£100 £2,723,080
Irredeemable
5
London
490 /1868
A O Irredeemable
£14,500
6
11884
A A Irredeemable
4
£308,215
396 1905 100 . £200 $16,000,092
A J Jan 1 1955
Mont. N Y A London
4g
.— e M p of P n sy n RR
(S e a s e n lva ia
N
et.
68
5
100
$24,562. In 1914-15, gross, $95,387; not, after taxo-s, $23,864: other In
come, $101; Int. on bonds. $27,775; taxes, rentals and hire o f equip., $8,56;
bal., def., $7,929. Pres.. W . M . I,egg, Albany, Ga.; Sec.-Troas., It. J.
Bruton, Albany, Ga.— (V . 90, p. 502.)
G ETTYSB U RG & H A R R ISB U R G R Y .— Carlisle to Gettysburg. P a „ 31.21
m.; branch to Round Top, Pa., 2.93m.; branch Pine Grove Furnace to Hun
ter’s Run. 7.46 m. The ReadlngCo. owns $571,600 of the $600,000 capital
stock: $535,000 deposited under Its gen. mtge. o f 1896. O f consol. 5s $215.
000 wero guar, by Phlla. A Reading R R . (foreclosed). Gross earnings year
ending Juno 30 1916, $246,951; net, $65,076; Int. on funded debt, $28,250;
taxes, $2,520; rents, A c., $19,134; additions, A c., $5,080; bal., surplus,
$10,092.— (V . 95, p. 1039.)
O R A N D R A P ID S & IN D IA N A R Y
.)—
Owns from Fort W ayne, 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 A F t. Wayne R R .. 86 m.;
Traverse City R R . (nearlv all the stock and all the Income bonds owned),
26 m.; Muskegon Grand Rapids A Indiana R R ., 37 m.; trackage, all lines,
8 miles. Seo V. 74, p. 777; V. 76. p 811; V. 82, p. 988. 1098
Successor
Aug. 1896 o f U R . Co. foreclosed (V . 63. p. 153).
S T O C K .— 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.
D IV ’S.— 1900, 1%: 1901. 2% ; 1902 to April 1910,3% (y ly i; none since.
B O N DS.— The first mtge. bonds extended at 4 >4% are endorsed with the
guaranty o f the Penn. R R . 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 1016 by Pennsylvania R R and
$3,487,000 by tlio Penn.
which company guarantees the prin
cipal and interest on $1,038,000 2d M . bonds.
E A R N IN G S .— For twelve months to Dec. 31;
C s.
ro s
We
h n a ivid d P ces We te s n
re
t
P y b Lnt M en \laiv e hs aInPrea a d
a a le a s D
d aturity \ D id n re a b
d
y le
246.500
1909
1891
57
996. 1234, 1363: V . 81. p. 507, 613; V . 89. p. 224, 286; V. 91. p. 214. 276.
Decision as to guaranty by G o v ’t. V . 93. D. 1386, 1462: V . 95. p. 1607.
In June 1914 an A ct was passed providing for the guaranty on certain
conditions by the Canadian G ovt, o f £3,280,000 4% bonds due Jan. 1 1962
to aid in completing the road. In N o v . 1915 $5,524,000 o f tho issue was
plodged to secure $4,000,000 Grand Trunk R y . 2-year notes. V . 101, p.
1628; V . 98. p. 1766, 1920; V . 99. p. 342, 674; V . 100, p. 642.
Series " A ” (Prairie Sec.) and Ser. " B ” (M tn . Sec.) 4% bonds secured by
a second mtge. (National Trust C o., Toronto, trustee) guar, as to prin. and
int. by the Grand Trunk R y . C o., seo In V . 80, p. 996: also V . 80, p. 996;
V . 86, p. 794; V . 90. p. 1165; V . 92. p. 725.
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 R y . of Canada, yet an agreement schedule to an A ct of 1904
provides In effect that in the event of default by the company for 5 years In
payment of the Int. on the 3% bonds, tho remedy o f 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
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 G ovt bonds and 25
to the holders of the bonds of this division guar, by the Grand Trunk R y . Co.
As to $10,000,000 loan o f 1909, seo V. 88, p. 822, 1194, 1061. 1253. For
$15,000,000 loan o f 1913. V . 96, p. 1629, 1772: V . 97. p. 175. Regarding
bonds, soo V . 90. p. 1044. 1165: V . 88.
p 1437: V. 96, p. 285: V . 97, p. 1583. For issues guaranteed by Provinces
o f Alberta and Saskatchewan, see V. 99, p. 1451; V . 95, p. 1331; V. 96, p.
285: V. 94, p. 1448. As to $16,000,000 guaranty o f 1914, seo V. 9S. p. 1766.
Tho first Grand Trunk Pacific payments for interest after Jan. 1 1916
became due on March 1 and amounted to $940,585.
Perpetual debenture stock, seo V . 84, p. 570; V. 96. p. 1296; V'. 88. p. 624;
V . 90. p. 303; V. 96. n. 789: V . 94. p. 207: V. 95. p. 1207, 1607; V. 96. p.
789. 1088, 1297. 1629, 1700.
For £2,000.000 7-yr. 5% notes o f 1914 see V . 98, p. 73.
F I N A N C I A L S T A T E M E N T . A C .— A full financial statement as o f
Feb 29 1916 was given in V. 102. p. 1982. Tho Canadian Parliament in
1916 appropriated $150,000 to meet the expenses o f a commission to deter
mine what course the Dominion should pursue with regard to tho Grand
Trunk Pacific and Canadian Northern. Early in 1916 the Grand Trunk
R y . offorod to surrender all its interest in the Grand Trunk Pacific,
Branch Linos Co. and Development Co. if tho Government would relieve
tho Grand Trunk R y . o f ail liabilities thereon and also reimburse it for all
advances to thoso companies. See V . 102, p. 1982, 1811.
E A R N IN G S .— The operating loss for tho yoar 1915 was $300,000. in
cluding: Loss on Mountain Section. $1,200,000 and on branch lines,
$300 000; offset by earnings o f Prairie division, $600,000. and Lake Su
perior branch rental, $600,000. Tho interest payments to be met aggre
gate $5,717,427 in 1916 and $7,206,844 in 1917 on a total bonded debt
amounting to $193,251,104.
O F F IC E R S .— Pres., E. J. Chamberlain, M ontreal. Can.: Sec.. H enry
Philips; Treas., Frank Scott,— (V.102, p.1811, 1896. 1982; V.103.p.320. 406.)
GRAND TR U N K RY. OF CANADA
M a ps.)— Quebec. C an ..
Montreal to Chicago. 111., also to Portland. Buffalo. D etroit, Toledo. A c.
S Y ST E M P R O P E R .
REPORTED SE PA R A TE LY.
pari p s u
as
G n T n Pacific B n L es
ra d ru k
ra ch in
.—[S e
e
M
iles.
M
ajoritys cko n d
to we .
M
iles.
Lines owned____________________3.472 Central Verm ont*...................... 531
Grand Trunk W estern*............ 347
Atlantic A St. Lawrence, Port
land,Me.,to Island Pond, V t . 165 Pontiac Oxford A Northern___ 101
Buffalo A Lake Huron.............. 164 Detroit Grand Haven A M il* . . 191
Clncln. Sag. A Mackinaw..........
53 Tol. Sag. & Muskegon..............
90
Other lines................................. 211
Detroit A Toledo Shore L in e ..___ 79
Total In earnings................. . 4 ”015
Total road________
5,360
Car ferry. Grand Haven to Milwaukee. ’ See separate statement this Co
D E B E N T U R E S T O C K — N O T E S .— Perpetual consol. 4% deb. stock
Included In August 1916 a total Issue o f $180,708,378, from time to time
authorized by Acts o f the Parliament o f Canada, o f which $119,839,014
was In hands o f public: $10 723.731 was pledged as collateral security for
promissory notes, $11 115.121 was set aside for certain specified purposes,
and $1,010 2 )9 was held In the treasury without limitation as to purposes
o f Issue. The debenture stock Is a first charge (1) upon the property,
subject to certain prior Hens, Including the 5% debenture stock, aggre
gating about $54,000,000, and (2) on $76,048,441 securities o f companies
consolidated with the Grand Trunk C o., and controlled companies. V . 97,
p. 1733: V. 98. n. 1156.
The £2.000,000 5% 5-yr. notes o f 1913 are secured by £2.617,000 perpet.
cons. deb. stk. and the £1.000,000 5
3-yr. notes dated Jan. 15 1915, by
£1,430,000 stock. Both Issues are redeemable as a whole or in amounts o f
not less than £200,000 by drawings on any Interest date on 60 days’ notice,
the trustee to release a proportionate part o f the collateral. V. 97, p. 298,
521: V. 100. p. 54. Tho $12,500,000 5 % 5-year notes o f 1915 are secured
by deposit or £3.600,000 perp. 4% consol, deb. stock; red. on any Int. date
as a whole or In amounts o f not loss than £200,000 by drawings, a propor
tionate part o f collateral to be released. V . 100. p. 1917, 2085.
Th e $4,000,000 2-year 5% notes dated N o v . 1 1915 are secured by
$5,254,632 (131%) Grand Trunk Pacific R y. 4% sterling bonds o f 1914.
due Jan. 1 1962 (p a r to f £3,280,000 Issue, guar., p. A i.. by Dominion G ov t.)
and aro convertible at 100 and int. Into said bonds at 80 and Int., at option
o f holder, at any tim e prior to m aturity on 30 days' notice to trustee
V. 101, p. 1627. The $2,000,000 2-year 5% collat. notes or 1916 are
secured by pledge o f £670,890 4% Consolidated Debenture Stock and this
collateral must always In market value exceed by 10% the face o f the
loan. V. 10.3, j>. 758.
Canada Atlantic Ry. was merged Jan. 1 1914: V. 100. p. 1432: Its 50-yr. is
o f 1905 (Royal Trust Co., Montreal, trustee), carry guar., prin. A int., of
Grand Trunk. V. 79. p. 1611. 21: V s'). n. 2343:
V. 87. p. 1477.
1916
.— See that companv above.
This loan Is not an obligation o f the Grand Trunk R y . V. 102. p. 2166, 1982
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e s d p rtly we .
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N N E A P O L IS .
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snrook
Waukegan
Feb., 1917.]
R A IL W A Y STOCKS A N D BONDS
Ol
w
60
RAILWAY STOCKS AND RONDS
RAILROAD COM
PANIES
a b v tio s Ac., sen te o first p g ]
b re ia n ,
e os n
ae
Trunk Railw ay— (C n d d —
o clu e )
[For
R te
a
M
iles D te Pa
a
r
Amount
a e u ta d g %
R a B n s V lu O ts n in
od od
[V o l . 104.
We L s D en
h n a t ivid d
P y b a d M rity
a a le n atu
Grand
A & O Oct 1 1918
Secured notes £2.000.000 redeemable 101_______ c*
1913
£100 £2,000.000
5
Tliree-year collateral notes £1.000.000 red I01--C*
54
$ J A J 15 Jan 14 1918
1915 £100 Ac £1.000.000
J July 1 1920
54$ J A
Five-year secured notes £2,500.000 red 101____ c*
1915
£100 Ac £2,500.000
1,000 $4,000,000
M & N N o v 1 1917
5g
Tw o-year secured notes call convertible_________Ba
1915
F A A A ug 1 1918
2,000,000
Tw o-year collat gold notes__________________ yBac
1.000
5g
1916
1901
250,000
1.000
Mew England Elev 1st M g gu due §10.000 y ea rly ..
3 « g J A J July 1917-1941
A A () Apr 1 1936
1,000,000
§ or £
4
1900
Montreal Warehousing 1st M $1 000.000 gold guar.
2.561,000
1912
1,000
44
$ M A N T o M a y 1922
Car trusts due $11)7,000 sera (-an red 102 4$..........Ba
2.352.000
do Ser B gold due SIRS.000 s-a red 10254 Ba
1.000
1912
44$ g M A N T o N o v 1922
do SerO due s-a $113 M 5 yrs then $112 M 1.798,000
—
1913
1.000
44$ M A N T o N o v 1923
red 102)4........ ............................- .............Eq x
Whipple Car Co 1st r. e. A coll tr M g due $30,000
J A D T o Dec 1922
225,000
1912
6g
yearly red 102 (V . 97. p. 1663).................. ....... c*
15,000,000
.1 A .1 July 1 1950
$A £
4g
G ran d T ru n k W est— 1st M ing gu 8 (cur) A £ _.F x
330 1900
11,541,000
M A
S Hept 1 1962
Gen consol M auth $30,000,006 guar p A 1____ Usim
4g
330 1912
100 249.477.850 7 In 1916
— 1 Feb 1 1917 I K
Ureat Northern— Stock $250,000,000________________
44$ g J A J July 1 1961
Gt Nor 1st A Kef M g red 105 beg ’ 41 -.B a.xe* Ar* 7.517 1911 1.000 Ao 35,668.000
—
.1 A J July 1 1933
St P M A M consol m tgel (now 1st M) g o ld _ Cezl 2,541 1883
_
1,000 13.344.000
6g
1,000 21.087,000
2,541 1883
4 4 g J & J July 1 1933
$
for $50.000,000_____ /(V 91 p 518) sink fund.z
J A J July 1 1933
2,541 1883
1,000
8.219 000
4g
.1 A 1) June 1 1937
42C 1887
4g
Montana E xt 1st M ($25,000 p m) gold___ Ce.zc’ Ar
1,000 alO, 185,000
J A
July 1 1940
Pacillo Extension M £6,000.000 gold_____ C e .zc 'A r
4g
849 1890 £100 Ac £5,854,100
July l 1921
J
A
1901 §l,000Ao 1107613 500 / 4 g
C B & Q col tr M g red at 105 4$ share____ G xc*A r*
July 1 1921
do
do
do
registered____ zr*
1901 1,000 Ac /
4g
l
J— «
6 g
J A J July l 1922
Minn Un R y 1st mtgc gold assumed__________ Cc.zc*
1,000
2,150,000
2 1882
_________________
do
do
do
J
J July 1 1922
650,000
5g
2 1882
1,000
E of Minn No Dlv M $9,700,000 g ass re d .B a .zc *A r
A
<) Apr 1 1948
284 1898 1,000 Ao d9.095,000
4g
Mont Cent 1st M g ($6,000,000 are 6s) ass___Ce.zoAr
25C 1887 1,000 Ac 10,000,000 5 A 6 g J A J July 1 1937
Wlllm ar & Sioux Falls 1st M g assum (end)Cc.zc* Ar
3.625,000
J A I) June 1 1938
301 1888
1,000
5g
J A J July 1 1939
Spokane Falls A North first m tge g assum ..B a.xo*
229,000
1,000
6
130 1889
Qt North Ry of Can— See Canadian North Quebec R y
1,000
590,009
J A J July 1 1928
Great Southern R R — 1st M $5,000,000 gold_________x
5g
1908
Feb
Feb 15 1917 5%
Green Bay & Western RR— Stock (see t e x t)_________
2,500.000 5 Feb *16
100
Feb
Debentures Class A Incomes text non-cum_____ zc*
1896
1,000
600,000 5 Feb '16
Feb 15 1917 5%
Feb
Class B Incomes after 5% on stock non-cum.zc*
Feb 15 1917 1%
. . . 1896
1.000
7.000.000 5$Feb’ 16
J
O U d in D
ld n erly g ivision l Bn s
a od
J
J
&
a $11,502,000 additional pledged for Paclflo Extens on bo ads
d Subject to call at 1 05 after
Station Co. bonds, V. 82. p. 452. Montreal Warehousing guaranteed
bonds. V. 83, p. 37. Grand Trunk Pacific Devel. Co.. V. 90, d . 306; V. 91.
p. 1449; V. 92. p. 1238; V. 93, p. 1107. Toronto Term . R y ., V. 95, p. 1474;
V. 98. p. 1768; V. 101. p. 1272. Ottawa Terms. R ys., V. 95. p. 1207.
In Juno 1916 arranged to guarantee bonds of Contral Vermont R y . (which
see) for completion o f lino into Providence, &c. V.102,p.2341; V. 103 ,p.2078.
In July 1916 a “ Railw ay Board o f In q u iry " was fomed, pursuant to A ct
o f Dominion Parliament, to consider the relation o f the Government to the
new Canadian Transcontinental Lines. V . 103, p. 320.
D IV ID E N D S .— Total percentage paid
o f each year since
1903 being the October and following April declarations combined:
’04. ’05. ’06. ’07. ’OS. ’09. ’ 10. ’ l l . ’ 12. '13. ’ 14. '15.
Guar stock____ %
4 4
4
4 4
4 4
4
4
4
3>$ 4
5
6
5
0
0
5 5
5
5 5
5 5
1st pref.............. %
5 5
5
0
0
2d pref.............. %
5 5
5
5 25$ 5 5
3d p r e f . . . .........%
0 2
3
3 0
0
5$ .
.
154 25$ 254 . 0 . . . 0 . .
Th e dividend on guaranteed stock was only 154 % in M a y and N o v . 1915,
but in M a y 1916 254 %, making 4% for year 1915-16 and in N o v . 1916 2% .
First pref. dividends omitted in 1914 and 1915 were resumed in N o v . 1916
with full 25$% (s.a.). V. 103, p. 1413.
E A R N IN G S .— 11 mos., (1916____ Gross, $43,415,990; net, $12,336,548
Jan. 1 to N o v . 30.
\1915____Gross. 36,057,511; net, 10,059,758
R E P O R T .— Report for cal. year 1915 was in V. 102, p. 1711.
1915.
1914.
1913.
1912.
M ile s ...............................
4,015
4,015
4,012
3,545
Gross earnings__________ £8,292,688
£8,596,768 £9,620.176 £8.447,087
Transportation expenses. 6,511,257
6,841.919
7,261.810
6,127,968
frome rn g
a in s
N e t earnings................ £1,781,431
£1,754,849 £2,358,366 £2,319,119
T o ta l not income.......... .£2,540,701
£2,437,593 £2,665,599 £2.535,112
Rentals..............
155,206
155,206
155,206
155,206
In t. on bds.,deb. stk.,& c. 1,730,192
1,592,034
1,429,905
1,193,048
A d v. to controlled roads.
144,620
265,237
104,366
221,414
Dlvs. on guar, stock____(4)500,000(3)4)437.500
(4)496,823 (4 )
_________
(5)170,841
(5 ) 170,841
Do 1st pref. stock___ _________
D o 2d pref. stock______________
_________
(5)126,420 (5)126,420
D o 3d prof, stock___
.......... .(2 )4)179.116(2)4)179.116
D d ct—
eu
Balance_____________ sur.£10,684 dof.£l2,384
sur.£3,922 sur.£5,955
O F F IC E R S .— Pres., E. J. Chamberlain; Chairman o f Board, Alfred W .
Sm ithers— (V . 103, p. 666, 938, 1118, 1301, 1413, 2078.)
G R A N D T R U N K W E S T E R N R Y .— Owns from Port Huron, M ich.,
to Chic. & 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. A
W est. Tnd., 5 m.: total, 347 m. Stock, $6,000,000, all owned by Grand
Trunk. V . 69, p. 954; V. 71, p. 22. Allied line, Pont. Ox. & N or., 100 m.
BO NDS.— The Grand Trunk unconditionally guarantees the Interest on
the 1st 4s. The Incomes were called for payment on Deo. 1 1910 at 85 and
any int. then due. V .9 0 . p.1239. Jointly with Toledo St. Louis & West,
guarantees Det. A Toledo Shore Line bonds. V .7 6 ,p . 653: V. 89, p. 1411.
In March 1 9 ll 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 R y . T h e latter guarantees principal and Inter
est: $15,000,000 to be held to retire the firsts at maturity. V . 92, p. 795.
1108, 1242. 1436; V . 93. p. 1323; V . 97. p. 237.
E A R N IN G S .— 5 mos., (1916______ Gross, $3,941,583; net, $1,042,307
July 1 to N o v . 30.
\1915______ Gross, 3,603,344; not, 1.179,256
Y ear ending June 30 1914, gross, $7,184,559; net, after taxes, $690,673;
other income, $696,385; charges, $1.941,461; deficit, $554,402; additions
and betterments charged to income. $814; profit and loss, $6,325; b a l..d e f.,
$547,263. Year 1914-15, gross, $7,238,464: net, after taxes. $789,188.—
(V . 93, p. 1323: V . 96, p. 1700; V . 97, p. 175, 237; V . 103. p. 758.)
G R E A T N O R T H E R N R Y .— (See
.)— Operates a line from St.
Paul and Duluth, M inn., via Spokane, Wash., to Seattle, Wash., and Van
couver, B . C .. with trackage rights into Portland, Ore., and numerous
branches in Minnesota, Iow a, N orth and South Dakota, Montana. Idaho,
Washington, Manitoba and British Col. T o ta l June 30 1916, 8.051, viz.:
M
aps
L eso n dinfee.
in we
M
iles
L eso n dinfee.
in we
M
iles.
St. Paul to St. Vincent, M in n .. 393 Bam esville, M in n., to Portage
Minneapolis to Seattle, W a sh ..1,832
la Prairie, M a n ______________ 258
E verett, Wash., to Vancouver. 128 St. Cloud to Sioux C i t y ______ 280
Fargo to Surrey, N . D _________ 226
Coon Creek, M in n ., to Su
perior, W ia__________________ 134 Grt. Falls. M on t, to Massm ain. 223
Various branches_______________ 3.599
Allouez, W is., to Devils Lake.
N . D ....................................... 381
______________________ 306
Pacific Jet.. M on t., to B u tte .. 291 [2nd, A c.. tracks and sidings, 2,411
In July 1916 purchased Watertown ASIoux Falls R R ., 103 miles (V . 103,
p. 145), and was building about 70 miles o f new lines in N orth Dakota and
Montana, o f which Lambert to Richey, M o n t., 24 m ., and Wildroses to
Grenora, N . D ., 36 m ., completed. N ew terminal cos. 1917, V. 104, p.560.
Owns Jointly with Northern Pacific the Spokane Portland A Seattle R y .,
656 miles. V. 85, p. 1273: V. 86, p. 1529.
In Dec. 1908 ChidJBurl. A Quincy (Jointly held with N or. Pac.) acquired
control o f Colo. & Southern. V. 87, p. 1664. Uses Jointly Northern
Pacific line, Seattle to Vancouver, Wash., 174 miles. V . 88, p.1372.
In Dec. 1909 a Joint control was acquired o f Spokane A Inland Empire
(Electric) R R .. 213 m. 8ee “ Electric R y . " Section.
Controls M idland R y . o f M anitoba Jointly w ith N or. Pac. R y . V.95,p.236.
O R G A N IZ A T IO N .— In 1907-08 absorbed St. Paul Minn. A Man. ana
other roads theretofore controlled. V. 85, p. 600, 1209: V. 86, p. 108. 794
STO C K .— 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.
D IV ID E N D S .V92 to ’96 (lncl.) ’ 97. ’ 98. ’99. ’00. 1901 to 'F e b T7 .
yearly
5H 6 K 7
7 7% yearly, Q-F
Per cent____________
Also in 1898 50% In Seattle A M on t, stock, which was then exchanged
at 80 In payment or 40% o f subscription to additional G t. N or. pref. V . 66.
p. 1044. 1188: V . 74. p. 829. In M a y 1901. 4$ % and In N o v . 1907 14$%
T ck g
ra a e
) 5%
April
N ew Y ork and M ontreal
N Y and Montreal
UnSDATrCo, Portl’d.Me
Montreal or London
N ew York
do
....................................
Bank M ontreal.N Y A Lon
do
do
Nassau St. New York
do
ao
3
do
do
do
do
do
do
do
do
N Y A Load, Baring Bros
P Morgan A Co. N Y
do
do
32 Nassau St, New York
do
do
32 Nassau NYrLee, II, Boa
32 Nassau St, New York
do
do
do
do
J
Seo Sav A Tr Co, Port.Ot
Office 40 Wall St N Y
do
do
do
do
19 28
was paid from earns, o f Lake Superior C o., L td ., and In Doc. 1906 unit for.
unit, 1.500,000 shares In Iron ore properties. See “ General Finances.
B O N D S . - O r the “ 1st A R e f.” 50-year bonds ($600,000,000 auth.), $73.
307,000 had been issued as 4)4 % bonds to Dec. 31 1916, o f which $35,068.
000 sold and $39,639,900 held In treasury. These bonds (in hands o f public)
are a first lion, directly or through deposit o f stock, on 2,736.24 miles o f road
at $12,792 por m .. and a general lien (subject to existing liens o f $22,543
per m .) on 4,781.14 miles; total mileage covered. 7.517.38: also secured by
equipment at the time o f the mortgage costing $59,073,180, upon $46,200.
068 o f which it is a first lion. V. 92, p. 1499: V. 93. p. 871; V. 98. p. 698.
In Oct. 1916 was authorized to list $2,000,000 additional on N . Y . Stock
Exchango, whon issued, making total listed $37,000,000. V. 103, p. 1592.
$600,000,000
Sold for pres, purposes, $35,000,000: held In treas.,$10.000,000.§45,000,000
Reserved to retire existing obligations, including the §222,400,
000 auth. Issue of Northern Pacific-Great Northern Joint 4s,
duo 1921, of which $7,173,000 have not yet been issued (no
additional bonds, not provided for In the mortgage, are to be
issued or underlying bonds extended)----------------------------- 332,062,000
Reserved for general corporate purposes, acquisition of new
lines, Ac., and purchase of stocks and bonds of other cos____122,938,000
Reserved for the acquisition and construction of new lines, ter
minals, Ao., at not exceeding $3,000,000 in any cal. year— 100,000,000
Th e $39,639,000 of above issue held in thetreasury Includes: $14,954,000
issued for acquisition o f stocks o f other cos., $12,000,000 for acquisition and
construction o f new lines, A c.. and $10,000,000 o f original $45.000,000.
St. Paul M inn. & M an.
o f 1883. for $50,000,000, Is now a
first lien on both land grant and 2.540.63 miles o f road and a second lien on
2.47 m. o f double track formerly Minneapolis Union R y. V. 91, p. 518; V.64
p. 518 ;V. 86, p. 229; V. 87. p. 1633: V. 88. p. 295. 624. 1061. 1372.
mtge. is limited to $21,687,000 on 837 miles In State
o f Montana; $10,185,000 are In hands o f tho public and $11,502.000 with
trustee o f Pacific ext. m tge. to secure to that mtge. first lion on tracks
Pacific
483,112 Jet. to Idaho State lino. 417 miles.
mtge., £6.000,000, at £6,000 per mile in Montana and
£7,000 per mile west o f Montana. V. 66, p. 1044, 1188: V . 80. p. 1111.
1174; V. 90, p. 303. See a b stract o f mtgo., V . 52, p. 82.
On June 301916 G t. N or. and N or. Pac. owned $107,613,500 o f the
5110,8.39,100 Chicago Burl. A Quincy R R . stock, exchanged for their
Joint 20-year 4% gold bonds (secured by deposit of the stock In tru st),
on basis of $200 in bonds for each $100 stock. See circular, V . 72, p. 871.
1034, 1135. and application to list, V. 73. p. 294, 903; V. 85, p. 600.
— Nor. D lv. mtge. of 1898 limited to §9,700,000,
are red. at 105 after April 1 1928. V. 66. p. 471: V. 88. p. 1002. 1253.
G E N E R A L F IN A N C E S .— Total funded dobt in hands o f public Juno 30
1916,$143,275,758. Per mile o f road (7,814.24 in.), bonds, $18,335.21:
stock, $31,925.93. Train load, 1915-16, 663 tons; 1914-15, 650 tons.
Seo Great Northern Iron Ore Properties under “ Industrials.”
E A R N IN G S .— 6 mos., (1916_____Gross, $47,277,023; net, $19,665,148
July 1 to Dec. 31.
\1915....... Gross, 45,358,099; net. 22,733,210
R E P O R T .— For 1915-16. V . 103, p. 1405. Editorial, p. 1501, 1513.
1915-16.
1914-15.
1913-14.
Average miles operated______________
8,053
8,061
7,781
Passenger earnings___________________ $13,661,645 $13,164,8.57 $15,224,463
Froight......................
60,177,249 47,147,314 55.084.925
M ail, express, A c ................................ 5,993,718
5,635,800
5,484,271
Other than transportation____________
1,429,866
1,214,887
1,061,279
Gross operating revenues___________ $81,262,478 $67,162,858 $76,854,938
Gross corporate income_______________$35,061,822 $28,015,114 $27,770,452
Rentals paid......................
$888,892
$349,078
$860,510
Hire o f equipment balance, & c_______
129,048
100,262
10,869
Bond interest accruod_______________
6,443,267
6,447,504
6,451,521
Dividends on stock (7 % )................... 17,456,390 10,796,857 15.063,048
Interest on now stock subscriptions..
______
193,319
572,600
Renewal Allouez Bay ore docks______
256,332
256,332
250,332
Miscellaneous appropriations________
3,100,866
275,000
250.OOo
Improvement and ronowal fund______ 3,500,00()
1,000,0()6
1,000,000
Pension fund________________________
1,000,000
--------------------Balance, surplus_______________'___$2,287,027 $2,096,762
$3,311,572
O F F IC E R S .— Chairman o f Board and President, Louis W . H ill; Asst, to
Pres., li. Budd; Vico-Presldonts, W . P . Kennoy and J. M . Gruber, St.
Paul; V.-Pres., and Asst. Sec., E. T . Nichols, N ow Y ork; V.-Pres. and
Com pt., G . R . M artin; V.-Pres. and Gen. Counsel, E. C . Llndloy; Sec. &
Treas., L . E. Katzenbach, St. Paul; Asst. Sec. and Asst. Treas., N . Terhuno. N ew Y ork. N . Y . office, 32 Nassau St.
D IR E C T O R S .— L . W . H ill, It. Budd, W . P . Kenney, E. C. Llndloy.
L . E . Katzenbach, F . E. Weyerhaeuser, W . B. Doan, St. Paul; A . L. Ordean, A . D . Thomson, Duluth; P . L . IIow o, Minneapolis; E. T . Nichols,
A . Barton Hepburn, N ow Y ork.
G R E A T S O U T H E R N R R .— Owns from Tho Dalles to Friend, Ore.
41.77 miles. Incorp. in Oregon 1908. Stock, $100,000; par $100. Bonds
(Security Sav. & T r. C o., Portland. Ore., trusteo), $5,000,000 auth. issue.
Y ear ending June 30 1915, gross, $43,556; not, $14,953; other inc., $101:
Int., taxes, A c., $36,387; bal., dof., $21,333. Pres, (deceased); V .-P.,
J. L . M eier; Sec., Geo. W . Joseph, and Treas. & Gen. M g r., J. G. Holmrich. Offico, Th e Dalles, Ore.
GREEN B A Y & W ESTERN R R .— Road owned from Green Bay, W Is.,
to Marshland, W is., 209 miles, branohes, 13 m.; trackage to Winona, 4 m.
S E C U R IT IE S .— There are no fixed charges on the property other than
taxes, nor can any bo placed thereon or tho property be sold or leased
without consent of 75% of stock. Class A debentures are entitled to 2 4$%
Interest. If earned, then common stock to 2 4$%, then the two share ratably,
but after 5% on both, class B is entitled to all surplus earns
V 61, p. 471 .
L A T E D IV S .
’05-'07. '08. ’09. ’ 10. ’ l l . ’ 12. ’ 13. 'l l. 15. ’ 16. ’ 17.
Class " A " debs_____
5 y ’ly 5
5
5
5
5
5
5
5
5
5
Capital stock______
5 y ’ly 5 5,
5
5
5
5
5
5
5
5
Class " B ” debs------ -------- 4$
4$
4$ }$ 14$ %
*4 5$
l
P
rovision R s e g Is u n of th
s e p ctin s a ce
e
co s l, m e
n o tg .
M ta a E te s n
on n x n io
Pa E te s n
cific x n io
E s rnR ofM n .
a te y. in esota
V
*
B n s A th rize .
od u o d
RAILWAY STOCKS AND BONDS
F k b .. i'JIT.
RAILROAD COM
PANIES
[For a b v tio s & sen te o first p g )
b re ia n , c., e o s n
ae
M
iles D te Par A ou t
a
m n
R te
a
R a R n s V lu O ts n in
od od
a e u ta d g %
flre.ne RR (New York)— S tock ,gu ar._ _ ....................
$100
G ree n ville & W estern R R — 1st M $460.000_______
23 1914
Greenwich & Johnsonville— 1st M 5500,000 g.Q .zo& r
21 1904
i.000
(Iroveton Lufkin
Northern R y— 1st M g o ld _________
21 1909
Guantanamo & W estern—1st M 5600,000 gold-C ol.x
1909
1.00C
Gulf Fla & Ala— 1st M510.000.000c redl05C ol.xc*& r*
500 &c
160 1911
G u lf Line— See Hawktnsvllle & Florida Southern Ry
G u lf M obile & N or R R — Common stock (vo t tr ctfs)
100
I ’ref (p & d ) (v t certfs) 6 % , non-cum for 3 years___
100
Now mortgage $15,000,000________________________
Gulf & Ship Island— Stock___________________________
100
First Refund and Term M gold sink fund.N .xo*x& r*
307 1902 1,000 Ac
1,00(1
Gen
ref M gold. S200,0ti0 due yrly red 103-M dxo*
307 1911
Serial debentures g ca ll at 105 ($50,000 duo y ly ) .__y
1.000
1916
1.000
Gulf Term, Mobile— 1st M 5700,000 g gu (text) xo* &r*
1907
1,000
99 1909
Gulf Texas
W est— 1st M 510,000,OOOg redl05-Atpx
H am pden R R — First mortgage see text______
Hancock & Calumet— See Mineral Range R R
Hannibal & St Joseph— See Chicago Burlington & Qul noy
100 Ac
20 1895
Harrlman & Northeastern— First mortgage gold-.C ez
Car trusts due semi-annually_______________________
53
50
Harrisburg Portsmouth Alt Joy & Lane— Stock 7% gu
1913
500 &c
First mortgage $700,000, extended In 1913 -_G pkx
124
100
Hartford & Connecticut Western— Stock---------------1,000
124 1883
First mortgage extended In gold In 1903-------------z
44 1902
1,000
Hawklnsv & FI So— 1st M 5400,000 gold guar d & 1-x
--. —
H a ytia n Am C orp— I’ ref stock 7% s fd call 110 conv.
100
Henderson Bridge Co— See Louisville
Nashville R R
100
Hibernia Aline R R — Stock...... .....................................
Hocking Valley R y — S t o c k -------------------- - - — ..— 100
Columbus & Hooking Valley first mtge gold ext.xo*
76 1867
500 Ac
Col & Tol 1st M gold ext 1905 (V81 p 2 1 D .-G .xo*
118 1875
1.000
First Consolidated mortgage 520,000.000 gotd-.Cex
346 1899 1.000 Ac
___ 1915
Tw o-year gold notes cail at 101 (V 101, p 1189)Eqy
1,000
Equip notes gold Ser C due 537,000 s-a-------------x
1907
1.000
do
do
Ser E due $25,000 s-a------------x
_
_ 1907
1.000
do
do
do duo $110,000 annually __x
___ . 1907
1,000
___ 1908
do
do
Eq g Ser I due $25,000 s -a .-G .x c*
1,000
do
do
Ser o f 1913 due $100,000 ann
x
___ 1913
1,000
do
do
8er o f 1914 due $80,000 ann
x
1914
1.000
—
$200,000
460.000
400,000
437,000
600,000
4.410.000
&
ft,
&
&
4
H
E A R N IN G S .— 6mos.,/1916_____ _____ Gross, $441,052; net, $124,627
July 1 to Dec. 31.
\1915........ ......... Gross, 407,100; not, 122,403
R E P O R T for year ending Dec. 31 1915 In V. 102, p. 1806.
C l.
a
Y r.
ea
Gs N a r D o
ro s et fte iv. n D en
ivid d
D o
iv. n
E rn
a s. T x s D .
a e . eb
o S ck D .
n to .
eb
R t.,
a
S rp
u .
"A .”
"B .”
1916......... $816,118 $221,420
............................................................ 1.
1915......... 780,423 207.533 (5)$30,000 (5)$125,000 (%)$43.750 $8,783
1914......... 776.330 211.169 (5)30,000 (5 125,000
52,500 3.669
D IR E C T O R S .— J. A . Jordan, Pres.; Edgar Palmer, V.-Pres.: Charles AV.
Cox., Sec. & Treas., 40 W all St., O. Ledyard Blair, J. A . Jordan. Henry R*
T a ylor, W . J. Wilson and Frank B. Seymour o f Green Bay, AVis.— (\r. 102,
p. 437, 1259, 1806: V. 104. p. 451.)
GREENE R R .— Owns road from Chenango Forks to Greene, N . Y . . 8
miles. Leased to Delaware Lack. & Western for term of charter for 6% on
stock. Stock. 5200,000: par. 5100.
G R E E N V IL L E
W E S T E R N R R .— Owns Greonvllle, S. C „ to Riverviow, 23 miles. V. 99. p. 406. The road has nover been In receiver’s
hands, the receivership mentioned as in effect late In 1915 referring to the
Greenville & Northwestern, an entirely independent enterprise. Stock,
$50,000; par, $100- Bonds, $460,000 1st 20-year 6s (Central Bank & Trust
Corp., Atlanta, trustee), see table above. Pros., R. A . M cT yer: Treas.,
Carl H . Lewis, all o f Atlanta, Ga.— (V. 101, p. 2144.)
G RE EN W IC H & J O H N SO N VILLE R Y — Owns from Schuylervlile, N .Y .
to Johnsonville, N. Y ., 21 m. Stock. 5225.000, all owned by Del & H u d
son Co. V. 90, p. 790. Bonds, see table above. For year ending J u n e :«)
1915, gross, $115,222: net, $60,543; charges, $39,976; Dal., sur.. $11 762.
For year ending Juno 30 1916, gross, $128,318; net, $68,808; charges. $38 456: d iv ., $13,500; net, $16,863. Pros., I. C. Blandy, Greenwich, N . Y
r.
— (V . 86, p. 1224.)
GROVETON L U F K IN & NORTHERN R Y — Owns Veltch to Valr. Tex..
21.15 miles; trackage, Grovcton to Veltch, 1.25 m., and Valr to Lufkin.
Tex., 13.6 m.; total, 36 miles. Stock 550,000; par. 5100.
Bonds.
5437.000; see table above (V . 90, p. 109). For year ending June 30 1915,
gross. SG7.317; net. $22,176; charges, $39,623; bal., d ef. $17,447. Pres..
J. 8. Joyce. Chicago. Office. Groveton. T e x .— (V . 90. p. 109.)
G U A N T A N A M O & W E S T E R N R R — See page 205.
G U A Y A Q U IL
Q U IT O R Y .— See issue o f A pr. 1911. V. 102, p. 975.
G U L F F L O R ID A & ALAB AM ^A^RY.— (
— Pcnsacpla, Fla.,
(>
4
&
&
Se M
e ap.)
Jet.
Broughton, ____ _______________
. ___________
„„„
traffic in Dec. 1916. A . 101, p. 614; piers, &c., Pensacola., V . 95 p 1541’
.
k
vuv
V v«v v,*
-- - '
0 1UI UAljUIU, U J JlillrU,1
IU
poan war has materially affectea tlio earnings, on account o f the inability
to secure bottoms for export shipments. The general car shortage in the
South has also affected earnings. 4 ho G. F. & A . has just completed the
largest and most modern coaling pier on the Gulf.
BONDS.— Of the 1st 5s (510,000.000 autn. Issue) 57,500 000 are Issuable
for main lino and terminals, at not over 520.000 per mile; 5500,000 for
terminals, &o., in J cnsacola, $500,000 for bridges over Alabama and
Warrior rivers and SoOO.OOO for extra heavy work in Alabama
The remalnlng bonds are reserved for improvements or additions at 90% of cost.
V . 93, p. 163; V . 95, p. 419, V. 95, p. 1541; V. 98, p. 010
Pres Rov C
Mogargel, 35 Pine S t., N . Y .; Sec., C . AV. Byram; Treas.,’ M . J. Murphy,’
35 I ino St., N . A .. V .-1. & Gen. M gr., G. A . Berry, Pensacola, Fla. Of
fice, Pensacola, F la
101, p. 614.)
G U L F M O B ILE & N O R T H E R N RR..— Operates 403 miles, viz.: M o
bile. Ala. to Middleton Ienn 369 m.; Beaumont, Miss., to Hattiesburg,
27 m.; Ellisvillo Jet. to E llisville, Miss., 7 miles.
. O R G A N IZ A T IO N .— Successor Jan. 1 1917 o f the Now Orleans M obile
& Chicago R R ., foreclosed Aug. 18 1915, per plan In V. 100 n 1078- V
103, p. 2238; V. 104. p. 256.
’ 1
U 8’
An extension from Middleton, Tenn., northerly to Jackson Tonn. 34
miles, is proposed, at an estimated cost o f between $700,000 and $800 000
cash being on hand to cover the greater part o f tills. V. 102, p. i s i l !
Both classes o f stock aro to be vested for not over 5 years In voting trus
tees, Y,z” i ohn, AV- Flatten, Frederick W m . Scott, Samuol S. Campbell,
1 . Nelson Strother and A . II. S. Post. The prof, stock Is 6% non-cum for
Urst 3 years and cumulative thereafter.
O f the now bonds the committeo may cause sufficient to be sold to provido tho cash requirements o f plan ($845,662), &c., or may provide for
same by Issue o f notes or otherwise.
There aro $33,000 old M obile Jack. & K . C. 1st 50-year (not tax-exempt)
g0w A «m M r 'o Une 1946; Int. J. & D .; Central Trust Co., N . Y ., trustee!
E A R N IN G S .— 5 m os.,f 1916------ ------- Gross, $840,235; net, $227,023
r S i v e o 'O
V 0 ' U915.......... ....... Gross, 807,852; not, 220,101
E A R N IN G S .— I-or years ending June 30 (miles operated, 402 miles):
30
i o i £?i a
w i h o T ij
S§5?'?16
$100,320
$660,242
$27,908
1914-15--- 1.771,473
374,129
54,180
428,309
27 812
1913-14----- 2,204,370
---------$667,487--------667.487
.— ■
(V
Jn
ue
Gs
ro s
N a r
et fte
Oe
th r
In e.
com
T l
ota
In e.
com
R n ls
e ta
P id
a.
10,820,984
11,344,333
See text
7,000,000
5,000,000
200,000
350,000
600.000
2.000.000
6
6
4 g
5
6 g
5 g
ft
5
5
6
6
4
5
g
g
g
e
e
fil
We L st D en P ce We In re t a a
h n a ivid d la s h re te s n
P y b a dM
a a le n aturity D id n s a P y b
iv e d re a a le
J ft D Dec 191916 3% D L & W . 90 West St
J &
J
A
J
A
M A N
J
&
J July
J Jan
.1 Jan
15 N ov
J July
1 1934
1 1924
1 1939
151929
1 1961
Columbia Trust C o, N Y
Columbia Trust C o, N Y
Q-J
J u lyl5 1913 1% Buffalo, N Y
J & J Feb 1 1952
Metropolitan Tr Co. N Y
A
O April 1917
do
do
M & N M a y 1918 to ’24 Bankers T r Co, Buffalo
J & J Jan 1 1957
Franklin Trust Co, N i
M
N N o v 11939
Metropolitan T r Co. N Y
30 years
&
&
&
300.000
J
J Jan 1 1921
fi e
5
J & D T o June 1924
116,400
1.182,550 7 M l n ’ 16 J
J Jan 10 ’ 17. 3
700.000
J
4
J July 1 1943
2,967.000
2
F & A 31 Aug 31 1916 1%
700,000
4
J
J July 1 1923
606.non
A
5g
O Apr 1 1952
5.500,000 N ew
N ew
N ew
H
Cent B k& T r C o, Atlanta
Guaranty Trust Co. N Y
&
&
S
c
200.000
3
A St
11.000,000 See text J &
1.401.000
A &
4g
2,441.000
F
4g
16,022.000
4H g
4.000.000
5 g
M Sc
37,000
4
A
25.000
F A
4
J &
110,000
5
50.000
4 e
F A A
700,000
F
5
F &
560,000
4H
&
c
J S
fc
S
r
,
O Oct 10 ’ 16 1
D Dec 30 '16 2%
O Oct 1 1948
A Aug 1 1955
J July 1 1999
N N ov 1 1917
O Apr 1 1917
A Aug 1917
J July 15. 1917
15 Feb 151918
A T o Aug 1 1923
A T o Feb 1 1924
Central Trust Co. N v
Union S B & T r Co, Cine
Company’s office Phil*
do
do
H artford
do
Union S B & T r Co. Clo
See Central of New Jersey
J P Morgan & Co. N Y
do
do
do
do
do
do
71 Broadway, N Y
Merch L & Tr Co. Chic
Empire Trust Co. N Y
J P Morgan & Co
Guaranty Trust Co. v v
/Commercial T r C o,Phil,
l and 71 B w ay, N Y
Gulf of Mexico, to Jackson, Miss., 161 m • Maxle to Mendenhall. 104.75
m.: Saratoga to Laurel, 41.75 miles; total. 308 miles.
D IV ID E N D S .— 1903 to 1910. 4% yearly: 1911.4% : 1912 & 1913, 2 % .
B O N D S .— O f tho first 5s outstanding In July 1916, $850,000 bonds were.
In skg. fd. (bonds not callable). See V. 74. n. 426. and application to list.
V. 74, p. 1257: V. 81, p. 264. O f the Gen. & Ref. serial 6s o f 1911 ($1.000.000
auth. issue). $200,000 each were paid In April 1913. 1914. 1915 and 1916.
V. 92, p. 460. In 1916 $350,000 serial 6% debentures were issued, due
$50,000 yearly, beginning M ay 1 1918.
E A R N IN G S .— 6 mos., (1916-.............. Gross, $1,000,291; net, $307,668
July 1 to Dec. 31.
(1915-------------Gross,
978,311; net. 403,928
R E P O R T .— For fiscal year ending June 30 1916, V. 103, p. 1788.
Y a e d J n 'S G s .
e rs n . u e O ro s
N
et.
O e Inc. C a e . H l.. S r.
th r
h rg s a u
1915-16_____________ $1,964,177 S738.477 $16,982 $341,443 $414,016
1914-15----------------- 1.633,006 429.584
31.488 340.069
121.003
Pres., M rs. M elodla B. Jones, Buffalo, N .Y .— (Ar.103,p.406, 1413, 1788.)
G U LF T E R M IN A L CO., M O B ILE.— Owns union passenger station and
approaches at Mobile, A la., leased by the Southern R y . and Mobile & Ohio
R R ., which own the stock and guarantee the bonds. Jointly and severally
p.
1., by end. Franklin Trust Co., N . Y .. Is mtge. trustee.—
84. p. 50.
O U LF T E X A S & W ESTERN R Y .— Seymour to Salesville, T ex., 99
miles. Has trackage agreement for freight trains to Weatherford. 31 m.,
and for passenger trains to Mineral AVells, 9 m., giving entrance via Weath.
Mineral AVells & N . AV. and Texas & Pacific to Dallas and Fort W orth.
Stock auth.. $500,000: outst’g Oct. 1916, $250,000; par o f shares, $100.
Of the first 5s ($10,000,000 auth. Issue). $2,000,000 have been Issued on the
first 99 miles. V . 89. p. 993, 1223: V. 90. p. 109: V. 93. p. 44: V . 99. p. 406.
Loans and bills payable Oct. 3 1916, $557,154: car trusts. $727. Y ear end
ing June 30 1916 (130 aver, miles), gross, $172,177; oper. def., $68,688;
bond int., $100,269: rentals, &c., $15,467: bal., deficit. $184,424. Pres.,
J. J. Jcrmyn. Scranton. Pa.: See. & Treas., AV. Frank Knox, Dallas, T ex.
— (V . 99. p. 406.)
H A M PD E N R R . C O R P O R A T lb iN — See page 205.
H A R R IM A N & NORTHEASTERN R R .— Harrlman to Petros. Tenn., 20
miles. In N o v. 1902 entire ($600,000) stock acquired In Interest of Cine.
New Orleans & T ex. Pao. R y.. but Is operated separately. V. 76. p. 157.
D IV ID E N D S .— In 1907. 4% : 1908. 2
1909. 2%
Year to June 30
1916. gross, $101,918; net, $27,540; other Income. $23,492; int., rentals, &c.,
$28,628: dlvs. (3 % ). $18,000: bal.. sur., $4,402.— (V . 76. p. 212.)
H A R R IS B U R G P O R T S M O U T H M T . J O Y & L A N C A S T E R R R .—
In Feb. 1917 consolidation was proposed w ith Penn. R R . C o.— (A'. 103.
p. 239; V . 104, p. 163.)
ft
V
.
H%:
H A RTFO R D & CONNECTICUT W ESTERN R Y .— H artford. Conn., to
Rhlnecliff, N. Y . t 110 miles, and branch. 14 miles. Leased till Aug. 1940
to Central New England R y. (now controlled by New York New Haven &
Hartford R R .). the rental paying charges and 2% on stock.— (V.83.P.1290.)
H A W A II C O N S O L ID A T E D R Y .. L T D .— Owns Paauillo to Puna.
T . H .. 57 miles; Olaa M ill to Glemvood, 17 in.; branches, 7 in.; total. 81
miles. Successor in A pril 1916 o f H ilo R R ., sold under foreclosure and re
organized, per plan in V. 101. p. 1713, 2071. with authorized issues as fo l
lows: (a) $2,500,000 1st M . 5s; ( ) $2,575,000 7% cum. first pref. stock
(c) $679,960 6% non-cum. 2d pref. stock;
$400,000 common stock.
Report in V. 103. p. 2426, showed; For 4 mos. end. Juno 30 1916, gross
$177,406; net, $86,099; Interest, $29,370; taxes, rents, & c.f $4,208: bal.
def.. $52,521. Pres., J. It. Galt, Honolulu, T . H .— (V . 103, p. 2426.)
H A AV K IN SV 1LLE & F L O R ID A S O U T H E R N R Y .— AVorth to Ila w kinsvillo, Ga.. 43 miles; Ashburn to Camilla, 50 miles.
97. p. 175 365.
Stock, $100,000, acquired in Apr. 1904 by Georgia Sou. & Florida, which
guarantees bonds (see table above), prln. & Int. V. 97. p. 175. 365. For
year ending June 30 1916. gross, $123,967: net, $14,372; other income,
$4,799; int.. taxes, &c., $.53,206; bal., def., $34,035. Pres., J. B. Munson:
Treas., AV. P . Hopper, Macon, G a.— (V . 97, p. 175, 365.)
b
(d
)
V
.
H A Y T IA N A M E R IC A N C O R P O R A T IO N .— O R G A N IZ A T IO N .— Incorp. in N . Y . on Jan. 8 1917 with a view to developing tho resources o f
tho Island o f Ila y ti and acquired (por plan in V. 103, p. 145, 318; V . 104.
p. 451) the control o f 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 Haitien: and proposes to cultivate and grind sugar cane, principally
In tho forilo plains o f Cul do Sac and Leogano, where It has obtained control
and ownership o f over 20.000 acres, and Is preparing to install a sugar fa c
tory with a capacity o f 2,000 tons a day.
75%
)
Pref. (a. & d .) stock (par $100). Convertible into common share
for share. Sinking fund begins In 1920. Issued, $5,500,000:
reserved, $500,000 (see offering, V . 104. p. 451)_____________ $6,000,000
Ordinary com. stock (without par va l.), 2,500 shs. held in treas.60,000 shs.
Founders’ stock (without par va lu e)________________ _____ ______60,000 shs.
E S T IM A T E D A N N U A L N E T E A R N IN G S .— O f public utilities
$385,000; sugar property, with sugar selling at 2.73c. (aver. 10 years).
$954,540; total $1,339,540.
Directors: P . AV. Chapman, AV. K . Dick, C. Edgar E lliott, George
E . Turnuro and Edward H . York, &c.— (V . 104, p. 256.)
H IB E R N IA M IN E R R .— Owns Rockaway to Hibernia Mines, N . J.,
4
m., leased to Cent, of N . J. to Oot. 1930 at $6,000 y ly .— (V.91.P.1766.)
HO CKING V A L L E Y R Y .— The company’s main line extends from
Rockwell to Columbus, 119.6 miles; Columbus to Athens, 75.6 m.; Oldtown to Pomeroy, 80.6 m.; total main line, 275.8 miles, with trackage
(Toledo Term . R R .) Toledo to AValbrldge, 3.6 m.; (L . S. & M . S. R y .),
Toledo to Rockwell, 2.5 m.; (P . C . O. & St. L . R y .) Columbus. O.. .6 m .;
total main line and trackage, 282.4 miles. Branches, 45.4 m.; leases W .
J. B. R y ., Dundas to Jackson and branches, 18.4 m.; Pomeroy Belt R y .,
Pomeroy. O., 4 in.; total. 350.2 miles; second track, 53.8 miles. Owns
part Interest In Toledo Terminal R R . V . 99, p. 1210.
C p liza (No b n e db w o t co s n of
a ita tion
o dd e t ith u n e t
of p fe d s ck
re rre to
V
i
G U L F S A B IN E & RED R V E R R Y . & N A V IG A T IO N CO.— Owns
from Nibletts B luff, La., to Francis La., 60 miles, including extension;
completed In 1916, Fields to Francis, 29 m.; projected Francis to Leesvillo,
16 m., and Nibletts B lu ff to Sabine R iver opposite Orange, La. Was in
corporated in Jan. 1917 and took over logging road o f Lutcher & Mooro
Lumber Co. o f Orange.— (V . 104, p. 73.)
G U LF & S H IP IS LA N D R R .— Owns from Gulfport, on Mississippi Sound,
S
c
F e b ., 1917.J
RAILWAY STOCKS AND BONDS
RAILROAD COM
PANIES
IFor a b v tio s & sen te o first p ce
b re ia n , c., e o s n
a]
M
iles D te Par
a
ou
a
R d B n s V lu OA ta dt g R te
oa o d a e umnn
ts in
%
H o ljld a y sb u rg B edford & C um berland R R Hoogac Tunnel & \ ilming— 1st M 1250,000 g _
N
Hou g B elt& Ter— 1stM $5.000,000g red 105 te:
Hous & Brazos Valley— 1st M (trus Merc Tr C(
Hous E & 'V Texas— 1st M gu p
I by So Pao.
First mtge *3,000,000 gold not guaranteed,.
Hous & Tex C RR— 1st M 1gr g red 110 Int gu C
&
Cut-off 1st M *3,000,000 auth (V 94, p 131)
Hudson Companies— Common stook *5,000,000
Pref 7 % cum and partlo see text $16,000,000..
H u dson & M a n h a tta n (H u dson R iver T u b e s )— "
Common stock voting trust certificates.............. ..
P re f stock 5% non-cumulative voting tr. c e rts .___
N ew York & Jersey flrst mortgage red 110-G.xo*
First mortgage convertible........................ Q.xcL&r
First lien & ref M 565,000,000 g red 105.Cexc*&r*
Adjust inc M 533,574,000 red parcu beg '20 Gxc*& r.
Real estate mortg ages_____________________________
Car trusts $46,000 due seml-ann (V 88, p 6 2 4 )..Qz
Car trusts ser B g due *25,000 s-a(V91,p 1253) Gz.o*
Car trust ser C due$21,000 s-a (V 92, p 1 0 2 5 )..Q z
Huntingdon & Broad Top— Common stock------------Preferred stock 7% non-cumulative----------------Second M old 7s extended In 1895 p & 1 gold___GPx
Third M consol extended in gold in 1895-UP.xc'
enns yl vanla R R
24 1892
$1.00C
1907
1.00C
20 1907
10C
1 1911 1893
1.00C
1893
1.00C
J
45( 1890
1.00C
453 1890
1.00C
65 1900
1.00C
106 1891
1.00C
41 1885
1 ooc
9< 1910
1,000
___ ____
100
___
100
. . . 1913
___
—
—
—
______
—
—
—
—
71
71
71
71
71
&
H arvey Fisk &" Sons’ N Y
&
&
&
&
&
&
&
Y a e d gJ n
e rs n in u e
$2,666,318
$1,710,577
(8)879,960
Balanco, surplus___________________ $641,786
853 499
47c 701
O F F IC E R S .— Chairman o f Board, Frank Trumbuli Now York- Pres
Geo. W . Stevens, Columbus, O.; Sec., Carl RemIn’gtom Troaii
T?s’
Steuart M acK ie, N ew York.
nngton,
roas” Jas’
D IR E C T O R S .— Frank Trumbull (C hairm an). F. n Davis C E Gra
ham, H. E. Huntington and Jeremiah M ilbank, 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. 103, p. 1504, 1588. 1606, 1888. 2340, 2429!
104 p 663 )
H O O S A C T U N N E L & W IL M IN G T O N R R . _ g eo page 205.
V.
HOUSTON BELT & T E R M IN A L R Y .— Owns a terminal line in and
around Houston, Tex.. 20 miles, with large freight and nassenyer ter
mlnals. Controlled bv four proprietary roads, viz Beaumont Sour Lako
& Western R y.. G u lf Colo. & Santa Fo (Atchison System) St Iou ls
Brownsville & M exico R y. and T rin ity & B r a M V ^ l e y R v 'whlch ^ e h
own 25% o f the $25,000 stock and, under the terms o f an agreement dat£d
July 1 1907, agree to pay. under a pro rata wheehage bksfs onwaOng ex
penses. and, on a ono-fourth basis, Int. on bonds and annual sink fn n dn f
lir a s : e a w a s w a sw s
M ofS u e Pacific.
ap o th rn
O wrn H roi? N /oustorf T m T
I
aA.S K Y .— (.See
i
—
Stock *1D
920f $0S t ’w h u - h ' RI ver at Logansport, 191 miles,
guaranteed2 S2 536 000 ofC the b o n d ^ r T n ^ a m M n t0' bv"“endorsem’Vn? has
h
serving tho right to call thorn at 105 &'int ' 7 7 0 ^ 8 4 ^ endorsement, re-
6
T n *19' i
°
a| f ^ e f 2 ^ “
8
lp ’ gross’ •481,858,
— e M of In th
(S e ao
u rm
H O U S T O N & T E X A S C E N T R A L R A IL R O A D
Owns from Houston. Tex., to Denison/Tex 338 m lR s H e m ^
•tend, Tex., to Llano, Tex., via Austin. 215 miles; Brem’ond to Ross. Tex.,
55 m.; Garrett to Ft. Worth, 53 m.; Moxia to Nollova. 94 m .' GIddings to
Hearne, 58 m.; other, 43 in.; total Juno 30 1916, 8 M miles
T r a c lig e
rights over San Antonio & Aransas Pass from GIddings to Flatonia 38 m
S T O C K .-S to c k . *10,000,000. of which the Southern Pac flo Co ow n ri
*9,998.400 par *100. V. 76. p. 1084, 1192, 1407.
In 190^03 6% w m
paid out o f accum. surp.; In 1910-11.20%; 1912-13. 3 % . V 76 p 1407
BO NDS.— The 1st M 5s are being gradually reduced with proceeds of land
8alc, - The f/rsl
s
was for *8,634,000.
Bonds may be called
at 110 and Int. with proceeds of land sales. See
of mortgage In
Pacific.)—
mrtg g
o ae
A
A
A
O
Feb
Feb
Feb
Feb
1 1932
1 1957
1 1957
1 1957
s Mch'17-Sept '19
o
A Aug '17-Aug ’21
.1 Jan 28 1904 1%
J Jan 25 1908 3 4
4
O Sept 30 1920
A Feb 1 1925
O Mcb 31 1925
o T o Oct 1 1921
do
do
i off:
do
do
do
do
do
Am
do
do
do
do
V
.
52. p. 242. With the exception o f $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 o f the consolid. 6s have been retired with proceeds o f land sales
foO 9 t e A >ac,; lc,9 2 ’ O TrS 5450.000 Lampasas Extension interim 5s and the
U
Wn
52i? *
y 3• Un,s
,°Ad land grant Juno 30 1916, 23,461 acres.
E A R N IN G S .— 6 m os.,11916--------Gross, $4,423,210; net, $1,899,120
to Dec. 31. 11915------- Gross. 3,622,745; net, 1,001 598
Y ear
gross. $6,484,167; net, $1,464,397; other income, $476,379;
* " ,01'1 ,5 ■ 8ro“ -
*>■**■*&
H U D SO N C O M P A N IE S .— Incorp. Jan. 9 1905 in N ew Y ork . Holding
company for Hudson & Manhattan R R . Co. (see below). Owned Dec 31
Jo! *’,.?,2
o
f
the $5,242,151 Hudson & Manhattan R R . pref. and
$25,171.209 o f the $39,994,890 com .stock. Also owns $2,000,000 stock o f
Greeley Square Realty C o., whose building at 33d St. and B ’way N Y Is
® iP,5el Bros" and $2,877,000 o f Its Ref. 5% bonds. V .-9o’’p.
1614. 234; V . 91. p. 1773: V . 8 8 . p. 748, 1127; V. 96. p. 197; V . 98. p 73
The 6 % notes due Aug. 1 1918 are secured by $25,000,000 Hudson
M an
hattan R R com.. $1 000.000 pref. stock and $1,000,000 com. Greeley
C o - and $24,500 1st ref. M . bonds. V. 98 p. 233
R E P O R T .— Report for calendar year 1916 V. 104, p. 253, showed total
hmome^^$1 896^J against $146,701 in 1915); int., taxes, &c., $102,276;
&
4^
7
O F F IC E R S .— W . G. Oakman, Pres.; W m . Henry Bamum V - P &
Treas.; W m . Everdell, Sec.; M . T . Arrok, Asst. Sec. & Asst. Treas
Directors: Chas. F. Adams 2d and Geo. C . Lee, Boston; W m . M . Barnum'
Pliny Fisk Oscar L . Gubelman W m . C . Lane. W . G. Oakman, John W.’
Simpson, John I. Waterbury W m . Henry Barnum, Julius F. Workum and
E yprdell Jr., all of' N . Y .C it y , and Truman H . N ew berry, Detroit.
Office, 111 Broadway, N . Y . — (V . 102, p. 342; V . 104, p. 253.)
V f™
H U DSON B A Y R Y .— See Canadian Northern R y . and V . 102, p. 1987.
(S e M
e ap.)
^
M A N H A T T A N R R .—
— Owns and operates
double-tube electric tunnels opened in 1908 from Sixth A v e . and 33d St
£ • Y - C ity under the Hudson River to the D . L . & W . R R . station’
Hoboken. N . J.. and thence southwardly through the Erie and Pennsvivania
R R . stations In Jersey C ity and under the Hudson River to the Hudson
Terminal Buildings on Church St. (one block west o f Broadway), extending
from Cortlandt to Fulton St. Tota l double-track tunnel in operation 7 91
miles. Also affords through service between Newark and N . Y C itv
% penn^ ? R. A racks from Jersey C ity to Newark. V. 90. d . 635 1041
V. 93, p. 871, 1259, 1462; V. 94. p. 1246; V. 100, p. 1340
T h e 'P 8 *
Commission has extended the time for beginning the proposed iine from 33d
St. to Grand Central Terminal to July 1 1915. V. 98, p. 999. 1156 1993
° ^ sJS.udson Terminal Bldgs. Fares, seo V. 93, p.
V. 94 p ' 1507’
S T O C K A N D B O N D S .— Under the readjustment o f Jan. 14 1913 (with90; p - 208) flxed charges were reduced from $3,021 660
to $1,851,750. Th e plan was assented to In 1913 by about 9814% o f tho
bonds and 0514% o f stock. Application to fist. V 98 n. 393-8
($65,000.000A u fh .)fs s «e d .5 % c a ll.a n y in t.d a te a tl0 5 $36 765 134
Reserved (interest rate not to exceed 5 % ) for—
* u.<05,134
(1) Retirement o f N . Y . & Jersey R R . 1st 5s, 1932 callable
110 ($5,000,000), 1st M . 4148, due 1947, $944,000 ca?
trusts due Sept. 1 1913 to Aug. 1 1921 ($1.263 000 and
,n / e e?.t.at€ “ ortK^es ($1,207,500). not o v e r ......... .
.aL
9 .53a qoo
(2) Additions, betterments and equipment; also for extensions free from prior encumbrances, provided he annual net
Income o f the company Is 114 times the interest upon the
h ™ 1st M . bonds, Incl. those then about to be Issued, say. 12,698 696
. (3) Extension to Grand Central Station on same conditions
6 000 000
Int. payable out o f surplus
income and cum. from Jan. 1 1920 (V . 96. p. 209), Is s u e d .....33,102 000
Reserved for exchange for remaining 1st M . bonds. .
472000
Th e deposited stock Is to be held for 5 years In a vo'tlng trust and
so long as the adjustment bonds shall not have received full 5% Int for the
preceding year, the holders shall have the right to nominate or approve
up to one less than a m ajority o f the board. Voting trustee*: Charles
Francis Adams 2d.. Boston; Felix M . Warburg and Albert H W igrin N Y
IN C O M E IN T E R E S T .— Interest on income bonds. 5-6 o f 1 for 5 ^ o s
rate 2% yearly, paid Oct. 1 1913 to Oct. 1916, incl. (1 A . &
R E P O R T S .— For 5 mos. period end. N o v . 30:
5 Mos-—
1916........ -.$ 2,397 ,0 08 $1,312,824 $67,450 $107,987 $899,693 $23?,692
1915 ----------- 2.246,310 1.289,636 67,450
99,908 891.929 230,348
The surplus as above Is shown before deducting interest on income bondsReport for year ending Dec. 31 1915, at length.— V. 102, p. 1342 1359.
C a l. Y e a r —
lO lfi
1014
n ,,1 v ™ .
1915 V
1914 ^
1915.
1914.
Gross RR.rev.$3.725,989 $3,750,950
—
N ot .after tax. $1.997.156 $2,052,406 Prior to bd.int. $343,765
$236,790
Buildings, net
947,395
957,080 Fixed bd. in t. 2,137,998 2,121.007
Miscellaneous. ______________________ _ Income i n t . . .
78,344
68,818
662,040
662.040
1 6\
42
4\i%
FirstM
.
v 0 ,y J
,0 0 AV
d s e t com ortg g o d —
****** A ju tmn In eM a eBn s
^ ^ p ro p erty ? — ( ^ ( T ^ ^ . O
652^S 97e, \)t.O128601Ollt^*y rentol and
Af.g
C
H O U S I ON & B R A Z O S V A L L E Y R R .— Owns Anchor via Velasco,
Tex. to Freeport and Lighthouse, 23.6 m.; trackage over Intern. & Great
N or for 2 years from Dec. 1916 from Anchor to Houston. Tex., 40 miles
In March 1916 Receiver Georgei C , Morris was authorized to issue $100,000
6% receiver s certificates to build a bridge over tho Brazos River conncct5?g,y ,ftlasc0 anci Freeport. Brazoria County will pay part o f tho cost
v - i q 2 ,p. 1250. In Dec. 1916 the Mercantile Trust Co., St. Louis, brought
suit to foreclose the 1st M tge. V. 103, p, 2155.
K
non i , ^ Issour.1 ¥,ansi};s & Texa2 owns a half interest in tho stock and $131,
990 bonds, and the Freeport Texas Co., 61 Bway., owns remaining stock
£9? nnn '°°A V j? nd^ o J x J 6.' P ■ 1021. 1089. Stock’ auth $ 120,000; out
$24,000. O f the $420,000 bonds, one-half are guar, bv the M K & T
$or ' v,”ar 1TnnoW 90 1m rS Purchased $92,000 additional. V. 97, p'. 1590.’
8 o L l4 fia
, , c t ' 545.513; 1914-15, gross.
$J7,140, d / f 8 9 R o r a 1G ’r> g r o s s Chas.0 ' E. 9 :Scliaff.— (V . 103, p. 2155.)
dcL, $26,068. Pres., ; , * 2 2 0 8
341 f ’ H?v^ r?^% ) Jjt1
!8U51200;1 ur'.?4«
not, $249,796.— (V . 103. p. 1210.)
Old Colony T r Co, Boston
Centra) Trust Co. N 4
A Aug' 1 1918
T lN
ota et. In
terest. D en s. ' S rn s
ivid d
u lu
82,259.420
81,766,018
(4)439,980
& s Sept 1 1922
& J
1 1937
& .1 July 1 1937
July
& N May 1 1933
& N May 1 1933
& J July 1 1937
A O Apr 1 1921
& N May 1 1930
& J July 1 1941
& n Deo 1 1925
F &
6
____
100 39.994.890 ..........
—
100
5,242,151
1902
1.000
5,000,000
5g
F
1907 $. £ or fr
944.000
444 g F
1913
100 &c 37.119.134
5g
F
1913
600 &c 33,112.000 Up to 5 A &
1,115,500
1909
1.666
230,000
5
M
1910
1,000
200.000
5g
A
1911
1,000
189,000
5 g
F A
—
50
1.371,750
J
—
50
2.000,000
J
1854
500
416,000
A &
4g
1857
500
367.500
P &
4g
1865
1,000
1.497.000
A A
5g
1907
1,000
165.000
444 e A
1%
Gross corporate incomo____________ $2,849,961
Fixed charges, & c_____________________ $1,768,196
Dividends on common______________ (4%)439,980
g
e
e
g
g
g
M
.1
.1
M
M
J
A
M
J
J
J
D June 1 1940
&
G s.
ro s
2
g
&
S
c
Y r
ea
5
5
6
5
5
5
4
6
5
6
6
We
h n a ivid d ce h
s n
P y b Ln M tuen PD idWe aInPrea a d
a a le ast D rity laivse d rerete yt le
d a
ns
a b
165 Broadway. New Y ork
do
do
165 Broadway, N ew Y ork
do
do
do
do
do
do
do
do
do
do
Columbus Hocking Valley & Toledo R y. foreclosed. The coal ’lands aggre
gate about 20,975 acres, and are covered by tho consolidated mortgage,
partly by direct lien and partly by pledged securities.
D IV S .
I
’02-'06. ’07. ’08-10. T l . T2 . '13. T 4 . ’ 15
1916.
P e r c e n t-----\ 1U 3 yrly.
344
4 yriy. 7
12 7
3
4
28^ u 13 pal<? 4 H % wctra’ to make an avg. o f 7% from Jan. 1910.
S T O O K .-C h eea p eak e & Ohio R y . owns $8,825,900 stock.
BONDS. The consols (*20,000,1)00 authorized), besides a lien on the
entire property, subject only to *3.842,000 prior bonds, have a flrst lien on
all tne coal lands; $3,842,000 consols are reserved to retire the existing bonds
(the latter may be extended at m aturity). V. 72, p. 338: V . 74, p. 1038
y . 86. p. 229. Substantially all of the bonds and stook of the Ohio Land
K y . Co. and the Wellston
Jackson Belt R y ., 18 miles, were deposited
under said mortgage, but see V. 101. p. 370. V . 68, p. 823.
, N . Y . Central R R . has takon up at par deposited bonds o f Kan. & Hock
ing Coal
Coke and Continental Coal Co.; seo V. 103, p. 2340, 2347
1890, and Sunday Creek C o., V. 87, p. 815: V. 88, p. 1135: V. 91, p. 1235.
Notes, see V. 101, p. 1189; V. 99, p. 1366, 1528. In N ov. 1916 U. S. Court
authorized tho company to dispose o f its 2,500 shares o f tho Buckeye Coal
& R y . Co. and 2,006 sharas and $1,312,000 in bonds o f tho Ohio Land &
R y . Co. to John 8. Jones o f Chicago. V. 103, p. 1888, 2429: V. 102 p.
2107; V. 101, p. 1370. Loans and bills payable Dec. 1916, $792,893'car
trusts outstanding, $1,683,000.
’
E A R N IN G S .— For year ending Dec. 31 1916 (V . 104, p. 663)—
1916............. $8,200,420 $2,588,415 $1,212,288 (4)$440,000
$93(5 127
1915 ----------- 6,441,445
2.102,806 1,350,432 (3) 330 000
422 374
A N N U A L R E P O R T .— T ra ffic is mostly freight, and over 70% o f this is
bituminous coal. Average revenue train-load is largo— in 1916 1 159 tons
Report for year ending Juno 30 1916 in V. 103, p. 1504. 1588. 1606. '
30—
1915-16.
1914-15.
1913-14
Operating revenue............................... $7,411,526 $6,181,153 $7,021,145
N e t before taxes........ ......................... 2.457,940
1,996,783
2,217,398
Other incom e-------------------------- -----392,012
262,637
448.920
’9}:
$221,000
4.718.000
420,000
2,536,000
464,000
1,417.O C
O
4,161,000
1.105,000
1.920.000
709.O C
O
2,383,000
5.000.000
16.000.000
1.500.000
63
as c
b trat
G s.
ro s
C t. Y a
a e r—
N
et.
A ort. M
m
isc.
%
O.j.
In
terest S rn s
u lu
C l. Y ra ea
D d ctio s
eu n
Total net Inc.$3,022,895 $3,078,304 Balance........ def,$20.908sur $58 467
1915.
1914.
1913.
1912
1911
earnings..$3,725,989 $3,750,950 $3,743,713 $3,630,061 $3,044,756
2.260,394 2,303,611 2.288.687 2.321.856 1 857 632
O F F IC E R S .— Pres., Wilbur C. Fiske; V .-P ., R. W . Melrs' Sec & Treas
J. S. O ’Neale; Comp., F. H . Sllllck. N . Y . office. 30 Chdrch St — (V i m ’
p. 448, 846, 923, 1713; V . 102. p. 885, 1342; V. 103/p. 934 938. 1413.)
R ilro d —
a as
Gs
ro s
'
&
H U N TIN G D O N & BROAD TO P MT. RR.
C O AL C O — Owns from
Huntingdon. Pa., to Mount Dallas. Pa.. 44 miles: branches &c ^ m ite?
D E P O S IT OF S T O C K - O v e r 75% o f stock ha^ b ^ n d e p u te d ^Hth 5
trustees (Drexel & C o., Phila., depositary) under agreement providing for
sale on or before April 1 1918 o f same, which shall not be less than a m ajority
o f the outstanding stock (the pref. at not less than $50 and the com. at not
lees than $25 per share.) V. 96. p. 420, 1021, 1297, 1488.
D IVS. ’98. ’99. '00. ’01. '02. ’03 ’04. '05. ’06. ’07. ’08. '09-T3. 1914.
Common
0
0
0
0
0
5
1
0
0
0
0
0
0
Preferred 5 5 H 7
5
6
7
6 5 X 7 M 7 3 H
0
0
R A IL W A Y STOCKS A N D BONDS
IV o l . 104.
65
RAILWAY STOCKS AND BONDS
F e e ., 1917.
re t n
We L s D id n P ce e h rerete s a d
h n a t iv e d laivs We In a a le
d
P y b a d M tu
a a le n a rity D id n s a P y b
. &
%
$100 $109281822 See text. Q— M M a r 1 ’ 17 1H 32 Nassau St,N Y do Lon
do
Jan 2 1917 2%
J A
4
100 10,000.000
BaringBros .London .Eng
A Apr 1 1951
4g
£200 2.500.000
32 Nassau SC.. New Y ork
A Deo 1 1950
1,000.000
3H 8
1,000
do
do
A Jan 1 1951
4 g
1,000 1.500.000
do
do
1951
3H g M A Jan 1 1951
1,000 2.499.000
Baring Brothers, London
1
A Moh 1 1951
3 g
£500.000
£200
32 Nassau St. N ew Y ork
A A O Apr
000 H
3
Z
1.000 &c 3.000.
Baring Brothers, London
3 Hg J A J July 1 1950
£200 5.266.000
32 Nassau S t.. N ew Y ork
Jan 1 1951
000 H g J
1,000 2 .000.
3
do
do
Aug 1 1921
968.000
6
a
m n
ou
Par
M I D te V lu OA ta dt g R le
iles a
ts
%
Iloa Bn s a e u n in
d od
RAILROAD COM
PANIES
[For a b v tio s Ac., sen te o first p g ]
b re ia n ,
e osn
ae
Illinois Central— Stock $123,552,000............- - - .......
Leased line 4% stock guaranteed. (se e re m a rk s )...z
1875
StUnillK ouuu old ua ext In
First mtge of Sterling Bond UIU 6s oau m i89o ----&’
.z
1875
8 7 4 for Bonds extended In 1905 as $ bonds.z
706 1886
$15,000,000 >4s of 1886 due 1951 gold___zo’ &r
1886
3H s of 1886 due 1951 g o ld -.z o ’ &r
seoures a 11
1896
equally -U s 3s of 1895 due 1951 g o ld .- .z o ’ &r
1903
iv oo. m
(V 83. P 76)o 3 H s of 1903 duo 1951 g o ld -.z o ’ &r.
1886
Trust bonds sterl. (sec by Ch St L
N O cons) - U s z
111 1898
First M Sp D lv r e f M (V 66. p 1237) g o ld ._U s .y o ’ &r
1.000
131 1881
Kank 4 S W 1st M Otto to Normal Juno & b r .- .z r
4
000 g
1,000 3.000.
1892
Cairo Bridge bonds gold (see remarks) .-U s .z o ’ &r
3
g
600 &o 8.377.000
St Louis D lv & Term M $10,000,000gold -U s.y o’ &r l 239 ri897
1.000 4.998.000
3 g
L1897
do
$5,000,000 (see V 65, p 1173) g -U s .y o ’ &r
.
6g
470.000
1.000
17 1883
Underlying St L I Belleville & Carondelet 1st M .zo*
M
538.000
4g
1,000
30 1886
Dlv & Term l-lS t Louis Southern 1stM g.B a .zo
M
4g
241.000
1.000
17 1887
nal mortgage-JCarb < Sbaw 1st M gold— zc*
fc
J
3
1904 1.000 &c 12 000.000
748
Purchased lines 1st M $20,000,000 g o ld -.U s .x o ’ &r
K e f M (N o r Lines) $120,000,000 g r e d ~ a .x c * & r * 2,187 1908 1.000 &o 37.740.000
A
600 &c 15.000.000
4g
857 1888
Collateral trust bonds gold $.......... .--U s -z o &r
24.929.000
M
600
4g
798 1892
Coll trust $25,000,000 gold on L N O
T Us.zo*&r
1.000 5.425.000
4g
218 1895
Western lines first mortgage gold............ Us.zo &r
J
5 g
1,000 al6.635.000
567 1881
Ch St L & N O cons M ($18,000,000) g Int gu.xo’ &r
D
3
g J
1.000 1.359.000
567 1897
do
guaranteed principal and lnterest. _---x
Joint 1st & ref M (Southern lines) $120,000,000—
&
5g
600 &c $31,994,600
1.512 1913
Series A callable 110 after Dec 1 1918--F .y .c * r*
&
5g
£100 &c $1,312,895
1.512 1913
Series B callable at 110 after Doc 1 1918
4g
1.000 3 500,000
100 1889
Memphis D lv 1st M gold guar p & 1 (en d).U s.zo
3
g
500 &c 23.888.000
640 1897
Louisv D & T M $25,000,000 g - ................Ifc y o J & r
000
130 1900 1.000 &c 5.000.
§
Omaha Dlv 1st M g $S,0OT,000-.............. Us.xo
1.000 3.235.000
98 1900
A ll owned
1908
4.800.000
|
g F &
1913
F &
1 , 00(1 2.275.000
1913
4
g A &
1.653.000
1.000
1915
\
v
A
H
.
A
c
A
A
A
A
A
A
He M A
he
A
A
F A A
AD
H A
H
8
58
H
H
4H
II^
Deo 1 1950
July 1 1951
July 1 1951
June 11923
Sept 1 1931
Moh 1 1932
July 1 1952
N ov 1 1955
_ Apr 1 1952
N N ov 1 1953
Aug 1 1951
15 June 15 1951
15 June 15 1951
A
A
A
A
D
D
D
J
A
J
Dec
Dec
Deo
July
Aug
Jan
Jan
A Aug
A Aug
O Apr
do
do
do
do
do
dc
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1 1963
Baring Bros, Lon & N Y
1 1963
32 Nassau St.. N ew Y o rk
1 1951
do
do
1 1953
do
do
1 1951
do
do
1 1951
1 1923
•17-Feb ’23 N Y o ff or Com T r . Phila
’ 17-Aug *23 N Y office or Un T r . P itts
17-A p r ’ 25 N Y office or Com T r , Phil
do
do
1,000 1,710,000
J & J July '17-Jan ’26
1916
Int on or after Jan 1 1921-------— — ---*
O h S t L & N O eq tr ser A g gu rod 102 H beg Dec 19
do
do
J & D T o Dec 1924
5g
1.000 4,000^.000
. . . 1914
duo $250,000 seml-ann........ ..................- _ - - . - C *
Iowa Falls
Sioux City— See statement of Dubuq ue A Sioux City.
a Xnoludes $5.266.000 consol 5s pledged to secure Illin o is Centr al collate raljtrust bo nds o f 18 80.
o f 1913 callable at 10214 after Feb. 1 1918. V . 96.
R E P O R T .— Annual results compare as follows:
„
„ , „
p. 135; 553. Other issues, V . 102, p. 608. 345. V . 99, p. D 48. 48. V .
—
______ ________ $679,418
$253,772
$147,772
$106,045
1916
10EAP N 1 N G S .— 6 mos.,/1916......... Gross, $38,979,284; net, $9,511,386
R
1915
........ - - - 598,804
214,464
150,666
63,798
July 1 to Dec. 31. 11915--------Gross, 34,316,361; net, 6,907.234
Pres. & Gon. M g r., Carl M . Gage.— (V . 102, p. 885: V. 104, p. 559.)
R E P O R T .— Annual meeting Is held the third Wednesday in October.
IL L IN O IS C E N T R A L R R
R O A D .— Operates from Chl- Report for 1915-16 was in V . 103, p. 1265M297, 1 3 0 ^ ^
W13.M .
oago, 111., southerly to New Orleans, L a ., 912 miles, and westerly to Sioux
City, la .. 509 miles, with numerous branches, viz. ( ’ which see):
—
—
Chicago St. L . & N . O. R R .. _
Ohloago to Cairo, 111___IMain
Cairo, 111., to New Orleans— . 546 M g L f f S X : : : : : : : : : : : : : : : : :
Centralla, HI., to E a stlstem .. 706
iS S S S
Line to Louisville, &o— - - - - 743
Dubuque, Io w a ----- J
Mem.,Tenn.,toMem. Jet.,Miss
98
T o ta earnings_____________________ $69,077,343 S62,111,552 $65*873 «700
Dubuq.
Sioux Clty(seeabove) 761
97 St. Louis Alton & Terre Haute- 224 Operating incomo (after taxes)........... S M .155,087 $10,878,473 Sn.<39,475
Springfield to East St. Louts—
Enffresffc.owned-Branohes.&ol.OO.l Other income..................
9,620,744
7,960,827
7,320,bW
Peoria, 111., to Evansville. Ind..
-------------------- 135
with 6-mlle branch.......... —
234
T otal net income...............................$23,775,831 $18,837,300 $19,060,075
Indianapolis, Ind.. to Effing
Totaloperated June 301916.4,774 Interest on bonds.......... ...................... $5,536,942
$5,487,883 $6,094,528
ham. 111. (V . 93. p. 880)........ 177
- - 6,584,256
6,644,158 4,868,000
n TSn v R Yi.. LEA SE S. &o.- Chartered on Fob.101851. The company pays Rental* &c
iu w H .
H u TO n
5.464,800 5,464,800
to the State of Illinois 7% (for the 12 months ending A pr. 30 191b, $.1,501,- Dividends onstoVk" '(5 % ) -' 11111 - I - Z Ifo k s O O
0 7 1 ? ^ g T M °ofth e°7 0 6 m lIes^ w n ed *ln *fe^ ear!y ^ H cu \ rf”tax*CT'" The Chi
Balance, surplus-----------$6,189,833
$1,240,459 $2,632,382
cago St. L .
N . O. Is leased for 400 years from July 1 1882 at 4% per annum
O F F IC E R S .— Pres., Chas. II. Markham; V .-Pres., C . M . K ittle, V .-P .
on its $10,000,000 capital stock deposited to secure tho
and
Int. on bonds. As to proposed terminal station in Chicago. V. 103, p. 1301. (operation), W . L . Park; V .-P . (traffic), F . B. Bowes; V .-P .
Owns all the cap. stock ($4,998,500 common and $15,000,000 pref.) o f C. F . Parker; Sec., B. It. Burbank: Troas., A . J. Wykes. General offices.
Central o f Oa. R y . but road Is operated Independently.. See that co. above. Chicago, 111.; N ow Y ork office, 32 Nassau Street.
Directors.— Walther Luttgen, John W . Auchlncloss, W illiam Averell
Substantially all o f tho stock o f the Yazoo & Mississippi Valley R y ..
1 382 milos is owned in tho Interest o f tho Illinois Central, tho latter also Harrlman, O. H . Markham. Cornelius Vanderbilt, J. Ogden Arm our.
owning nearly all o f tho bonds,some o f which are deposited as collateral. Chas. A . Peabody. R . W . Goelet, John G . Shedd, R . S. L o v ett, H . W .
Y ear ending June 30 1916, operating revenues, $13,552,431; other income, do Forest, Philip Stockton and, ex-officio, H on. Edward F . Dunne. G ov
$251,017; total. $13,803,448: operating expense taxes and int., $13,790,- ernor o f fllinols.— (V . 103. p. 1297, 1301. 1306. 1508, z340-)
o f Mississippi suit, V. 97» P* 2o7, o65.
II l I NO I S SOUTHERN R Y .— Owns Salem, 111., to Bismarck.-Mo. (!nOwns ontlrn stock o f Ohlc. M em p. A
52 rn.: V . 96. p. 420. 716. cudng R iver Transfer, 60 m iles), 123.34 m .; Collins. 111., to Chester 111..
In Doc. 1916 the company laid beforo tho Chicago C ity Terminals Com 10.67 m.; branches, 2.83 m.; total owned, 136.84 m.; trackage, 2.81 m.
mission tentative plans for oxtensivo local improvomonts including new
Stock, com., $4,000,000: 6 % cum. pf., $1,000,000; par, $100, all out.
T h e remainder o f the $3,000,000 1st M . bonds is reserved for additions.
Dassenger terminal, development o f lake-front property, electrification o f
V 93. d . 589; V . 90, p. 167. Holders o f $1,528,000 1st M . bondg
suburban sorvico within fiv e years, four-track subway in Grant Park, &c. &c
canceled the coupons due Dec. 1 1913 and all in 1914. and holders o f $206 V . 103, p. 2340.
C A P IT A L STO C K .— The
Is secured by deposit of $10. 000 bonds canceled all 1914 coupons. Car trusts Juno 1916, $9,000.
R E P O R T .— For year ending June 30 1916, gross. $698,980, net. after
000,000 Chicago St. Louis
New Orleans stock
(V . 65. p. 1071.)
taxes. $162,248; Int.. &c.. $U7.316^bal.. sur., $4o.314., In l9 1 4 -lo . gr<MS.
In July 1916 Union Pacific owned $22,500,000 o f the common stock.
$527,336; net. after taxes, $82,307. Pres., E. K . B o isp t.S ec ., E . M .
Tourtelot; Treas., O. A . Bestel. Chicago; V.-Pres., J. W . Walsh. A u d ..
A . F. Williams, St. Louis. Office, 717 Locust St., St. Louis. M o .—
(V . 101. p. 1372.)
IN D IA N C R E E K V A L L E Y R Y .— See issue Oct. 1916.
BONDS
see adv. in "unronicic. May 7 1892.
IN D IA N A HARBOR B ELT R R .— Owns W hiting, Ind., to Blue Island;
The
of 1886 are ecured by deposit of $5,266,000 Chicago St. L .
111!, 14 miles; McCook to Franklln Park, 1 1 10.5 m ; Argo to Union Stock
1
New Orleans consols of 1881: also by a lien on the road. .See V. 86. p. 1343.
Yards. Chicago. 10.6 ra.; State line to Grasseli, Ind., 5.6 rn.; branches, 4.7 m.
o f 1952 cover by pledge.of $16,350,000 5% 1st M .
total owned, 45.5 miles: trackage, 36.8 m.; contract. 27.2 m.. total, 109.5 m.
bonds 863 miles o f subsidiary linra. V . 55, p. 550; V. 102, p. 1346.
Stock outstanding. $2,450,000, o f which L . S. & M ich. Sou. (u o y
Tho $25,000,000
of 1953 are secured by pledge of all
tho Louisv. N . O.
Texas (now Yazoo & Mississippi Valley R R .), $16. N e w Y o r k Central) and M ich. Cent., which guarantee the bonds, own 60%
O.
St.
and O. & ixorm w.
p..
O M he
900,000 1st mtge. bonds, except $08,000, all the $9,104,000 mtge. incomes and G. M . & bt. P . ana vj. « N orthw . 40% . V . 93, y* 164,_ v i_vuo bonds
($25,000,000 auth. Issue). $2,500,000 are reserved to retire Chic. Ham. & W .
and all land grant Incomes, $6,553,277: V. 54. p. 964: V. 61, p. 112.
86.
*
5s have their Interest guaranteed (by 6s. $2,500,000 bonds out bear Int. at 3% 1912 to July 17, then 4 % .
endorsement) until the principal Is paid. The 3j$s of 1897 are guar., prin p 108. Duo for advances Dec. 31 1915, $4,611,693. Report for cal. year
1915^(V . 103, p. 57) showed: Gross. $3.458,0;>2: net, after taxes, $1,133,376.
cipal and Interest, by endorsement— see guaranty, V. 65, p. 1071.
other income, $93,642: Int., rentals, &c., $1,296,099; bal., def., $69,081.
The
of 1894, see “ Supplement" of Jan. 1899.
(V . 103. p. 57.)
The
are for $15,000,000 authorized.
IN D IA N A P O L IS U NIO N R Y .— Owns 4.44 miles of yard tracks and
$1,499,000 aro held to retire $1,400,000 underlying bonds. A b stra c t of
mortgago in V. 66, p. 138. Seo also V . 66, p. 13.3: V . 71, p.546.
stdlngs, .93 of a mile of road with terminals at Indianapolis. Ind., and leases
is for $25,000,000; of the bonds for 999 years the Belt R R . of Indianapolis— 14.18 m. (which see). Clev.
St. Louis, the Pittsburgh Cincinnati Chicago & St.
$1 112 000 were reserved to purchase the 46 m. (Cecilia br.) from Louisville Cincinnati Chicago
Louis and the Vandalla R R . are virtual proprietors, they having Invested
Nashville and to retire the L .
N. bonds thereon. Chicago St. Louis
New Orleans took title to tho Louisv. Dlv. and joined In making mtge. See in it $1,056,426 to Doc. 31 1916. N o stoc^. o^ stan din g. In Jan. 1917
V. 66. D. 136. for abstract; also “ Supplement of Jan. 1899. V. 65, p. 367, elevation o f tracks was in progress ( 10% completed at cost
In N o v . 1916 suit was brought to compel the Cin ind.
West. R R - a s
616’ V. 66. p. 133: V. 67, p. 581: V . 75, p. 671; V . 97, p. 887, 1024.
Or
3 ^ s o f 1904 $14,662,000 WOTolssual on 748 miles of successor o f Cin. Ind. & West. R y . (foreclosed) to .liv e up to certain con
subsidiary branch lines purchased, o f which $2,662,000 were canceled tracts mado by tho latter company. V. 103, p. 1888, V. 100, p. 1257.
B O N D S .— The General and R ef. M . o f 1915 will secure not over $10.
In Jan. 1911 and ref. bonds substituted therefor
There are also $5.
338 000 reserved to retire at maturity $968,000 bonds o f the Kankakee 000,000 50-year bonds, to bear rates o f Interest as m ay be h e r^ fte r deter
Southwestern lsts due 1921 (see bond table above) and $4,370,000 bonds mined, to be guaranteed Jointly and severally, prin. and ^ t . . b y t h e t h r e e
of tho Chicago Madison
North. (231 m .). which are pledged for the coll. tr. companies above named; a sufficient amount is reserved to rodeem the
4s of 1952. (See V. 71. p. 288: V. 79. p. 1273. 1642, 2588; V. 81. p. 1105.) 4 ^ s o f 1886, and remainder for future purposes. Th e three guarantor
Tho
mtge. gold 4s of 1908 (auth. $120,000,000) are subject companies and also tho Lake Erie & Western R R . , Cincinnati Indianap
to call at 107 and int. M . & N . beginning N o v . 1 1918. Seo V . 87, p. olis & Western, Chicago Indianapolis & Louisville R y . and Illinois Cen1357, 1420; V. 88. p. 295; V. 92. p. 261, 527, 1636: V. 97. p. 1024; V. 98. p. oral R R . havo contracted to use tho property perpetually as their
1459. 1608; V . 99, p. 1300. Cover main lino, Chicago terminals, so-called main passenger terminal, and to pay each its proper and designated
purchased lines, Springfield D lv ., tho St. Louis D lv ., &c., a total o f 2.187 proportion o f tho interest on present or futuro values and o f any bond
m., subject to bonds aggregating $61,766,000, Incl. $2,500,000 Chic. H a va Issued for additions to or improvements o f the property. T he bonds are re
deemable as a whole or in series 15 years after date, or any int. day thereaf
West. 5s and Rantoul R R . 5s pledged undor 4s o f 1952.
na
ter at 103: sink, fund beginning 1926, 1% or outstanding bonds, bondspur$79,260,000
T o retire a like amount of prior lien bonds_____________________$59,026,000 chasod to be kept alive; Farmers’ Loan & T r . Co N . Y .. and Union Trusl
Additional main track. Improvements, funding debt. &o........ 20.234,000 Co.. Indianapolis, trustees. V . 100. p. 1257, 555, V . 101, p. 1272.
Year ending Dec. 31 1916. gross, $391,865; total deductions, $200,699.
Th e Illinois Central and Chic. St. Louis & N ow Orl. U R . Joint First R e
U .*
I f l U O (soo V.
X
- 1888.
funding M . bonds ($120,000,000 auth. Issue) are Issuable In series bearing bal., sur., $131,166 V O W * • 101, p ^ l2 7 1 ).— V . 103, p. -------... T E IR B O R O U Q ^ C O N S O L ID A T E D C O R P O R A T IO N .— ORGANI
Interest at not to exceed 6% and aro secured on about 1,512 miles o f the
IN . E
Southern lines, Including tho main line from Cairo, 111., to N ew Orleans, ZATIONS— A noiaing company, formed u n d e rii • Y-.• laws June 2J915 by
Z A T K J N .— A^oldlnycompany, lormuu unucr V . ■
La.. &c., and comprising all tho system lines south o f tho Ohio River except morger o f the Interborough-Metropolltan Co. (organized in 1906,— V. 82.
tho Chicago Memphis
G ulf R R ., tho M onttcello Branch (52 m. and 21 in. p. 217. 280 and Finance
Holding Corporation, per p an In V . 100. p.
respectively) and tho Yazoo & Miss. Vail. R R . V. 97, p. 1822, 1733. 1204: 1437 1510, 1751. with a view to making the initial capital well within the
fair value o f tho net assets o f the consolidated company” and making posV 98. pi 1459. 1608; V . 99, p. 1300; V. 100, p. 397. 474. 1852.
siblo also the payment o f dividends at once. Th e old Inter-M et. 5% cum.,
$120,000,000
pref. received par in 6 % non-cum. pref. and the old common an equal
T o purchase and improve railroads, terminal, properties,
amount o f new shares o f no par value. V . 100. p. 1917.
„
..
&c., covered by this mtge. [$5,000,000 Ser. A ami £1,000.000
Owns $33,912,800 o f the $35,000,000 stock o f the Interborough Rapid
Ser. B , sold in 1913. and remainder in Jan. 19151................. $33,348,100
Transit Co. and $15,276,500 of the $17,495,060 stock o f the N ew Y ork Rys.
T o refund or retire a like amount o f prior mortgages.......... 50,132.000
<c) For future Improvements, construction, etc........................ 36,519,900 C o, Status In 1917, see V . 104, p. 559-
A
Y r
ea
G s.
ro s
N
et.
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te s c. a u
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e ap.)—
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66
RAILWAY STOCKS AND BONDS
[V o l . 104
tenJi*naur«rv cnr,e
RAILROAD COM
PANIES
[For a b v tio s & sen te o first p g ]
b re ia n . c., e o s n
ae
a ivid d la W re te s n
st
ce h
t
We
a
m n
a
M
iles D te Par | A ou t \ R te ah n Ln D en PD sen e aInPreaa d
aturity
ivid d re a b
s
y le
a le
R a B n s V lu .O ts n in \ % P y b a d M
o d o d a e u ta d g
5 g
$ 1,000 $1,936,000
Illinois Southern— 1st M gold 53.000.000........ F C .xo‘
136 1911
1.380.000
1,000
• Income bonds 51,380,000 authorized.......... .IC .xo*
1.500.000
1,000
*91
Illin o is T e rm in a l— 1st M $5,000,000.................. FC Text 1 *3
Illin o is T u n n e l Co— See Chicago Subway Co.
265.000
1,000
1907
In dia n C reek V a lley R y — 1st M red 1017----- xo&r
In d ia n a D ecatu r & W e stern — SeeC lnlnd AWestern
3-4 g
46 1907 1.000 Ao, 2.500.000
In d ia n a H arb or B e lt— GenM$25,000,000g G.xo*&r*
1.725.000
4g
1907
do
do
do
______
2.500.000
5 *0*
6g
Ohio Ham A W flrst mortgage gold assumed.xo* Ar 27*48 1897 ■*0 &0
In d ia n a Illin o is & Io w a — See New Y ork Central R R
Indianapolis & Louisville— See Chicago Indianapolis & Lou lsvllle
1.000
792,000
g
93 1886
Indianapolis Un— 1st M gold s f not callable.. -FP.xo*
1,000
4.000. 000 5 g
1915
Gen & R e f M $10,000,000 g gu red text___F.c*&r*
None 932.627 shrs
In terb o ro u g h Cons C orp— Com stock (no par value
100 45,740,500 See text
Pref stock (as to assets) 6% non-cumulative------4H g
1906 1.000 Ac 67 825.000
In t.-M et coll trbdsgsec by Int R T s tk s f text .xc*&r
1 ,0 0 0
2.000.000
...
1916
9-mosloan replacing 10-yr notes (V.103,pl301)Ba.c*
100 35.000,000 See text
In te r b o r o u g h R apid T r a n s it— Stock $35,000,000.. T ext
5g
1913 1.000 Ac 160,585.000
lst & R ef M $300,000,000 g s re d jl 10 (toxt) Q .yc*& r*
44
1
M ol S gle T ck O ndb C ma ie C p g S s m
iles in ra we y o p n s om risin y te .
• 505,95
Interborough Rapid Transit C o., subway (see that co. b e lo w ).. 85.29 miles
Elevated (Manhattan Railway, leased)......................................129.64 miles
Surface lines owned or controlled by Interb. Rap. Tran. C o . . 141.07 miles
N ew Y ork hallways Co. and sub. cos. (see “ Elec. R y . Sec.” ) . 154.37 miles
S T O C K .— Th e preferred stock Is pref. as to dlvs. and assets. I f in any
year the full 6% snail not be paid, the pref.stock shall at the next annual
meeting be entitled to double voting rights. Th e common stock, being
932,627 shares of no par value was issued In exchange for an equal
number o f shares o f In t.-M et. com. stock. V. 100, p. 1437, 1510, 1751V O T IN G T R U S T .— Finally expired M arch 6 1916. V . 102, p. 800.
D I V I D E N D S — On pref., 6% p. a. (1>*% Q.-J.) July 1915 to Jan. 1917.
B O N D S .— The coll, trust 4 E s o f 1906 o f the In t.-M et. Co. Empire T r.
Co., N . Y ., trustee are socureu by plodgo o f stock o f Interb. Rapid 1 rail si t
Co.. $1,000 in bonds for $500 Rapid Transit Co. stock. V . 82, P- 280.
A sinking fund was established In 1910, $300,000^ to bo appropriated
yearly
not 1
fund
Dec.
____________________ .
000 o f the $67,825,000 outstanding 4 Ws. .
Th e 10-year 0% collateral notes o f 1915 (32,500,000 outstanding Jan. 1
1916) were retired during 1916, partly w ith a $2,000,000 4 K % loan, for
9 mos., from Bankers Trust Co., and partly from surplus cash.
V. 102,
p. 519; V. 100, p. 140; V . 99, p. 1909.
RIO P O R T .— For calendar yoar 1916, In V. 104, p.358, showed: Dividends
received on I. R. T .. 333,912,800 cap. stock (2 0 % ), $6,782,560; other incomo, $148,797; total income, $6,931,357; int., taxes, &c., $3,795,139; bal.
for dlvs. $3,136,218; pref. dlvs. (6 % ), $2,744,430: approp. for retirement
o f In t.-M e t. 10-year 6% collat. notes in excess o f sinking fund accruals,
$350,000; bal. for year, $41,788.
O F F IC E R S .— Pres., T . P . Shonts; V.-Fs., H . II . Vroeland, E . Mora
Davison, D . W . Ross; Sec., I I . M . Fisher; Treas., J. II. Campboll. Offico,
165 B ’w ay. N . Y . — (V . 103, p. 1301, 2155; V . 104, p. 358, 559.)
’
S e Map)
e
INTERBOROUGH R A P ID T R A N S IT CO.— (
.— Inoorpumted
May 6 1902 In N. Y ., and is now operating municipal tunnel R R . In N . Y .
C ity , oxtending, with two tracks, from tho Hatbush A ve. station o f L . 1.
R R ., Brooklyn, and also from the B attery,M anhattan, to Bowling Green,
and thence to C ity Hall, and as a four-track lino from the C ity Hall (with
two-track loop at that point) under new Elm St., Fourth and Park A ves.,
to 42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack lines, partly viaduct, (a) from 103d St. on the West Side to Van Cortlandt Park; (5) from 103d St. to Bronx Park; in all 85.29 miles o f track
(lncl. 12 miles sidings, A c .), °n 25.72 miles o f road (o f which 18M subway
and 7 elevated). Also leases Manhattan (Elevated) Ity ., 118 miles track.
Largo portions o f the 147.1 miles or track on the company's new rapid
transit lines (75.6 miles subway. 71.5 m. elevated) havo beon practically
completed, whllo tho 21 miles o f third track on tho 2d, 3d and 9th A ve.
lines o f tho Manhattan (Elevated) Ity . Co. wore placed in operation in
Jan. 1916, adding largely to the carrying capacity. See mat) on adjoining
pago and also In V . 101, p. 1973- Progress o f construction, V . 104, p. 257;
V. 103, p. 1115. Also see V . 103, p. 1033.
Owns stock of N . Y . & Queens County R y ., 73 miles, and (jointly with
Long Island R R .) the N . Y . A1L . 1. Traction Co. and Long Island Elec. R y .,
total. 68 miles. V. 80, p. 2621; V. 83. p. 818: V. 86. p. 1100.
N E W L IN E S .— On M ar. 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 .p ro v id in g for expenditures
aggregating about $325,000,000, for tho establishment o f comprehensive
dual systems o f rapid transit serving all boroughs.
Th o official statement to the N . Y . Stock Exchange, dated June 30 1913.
was published In “ Chronicle o f Aug. 16 1913, pages 450 to 455, giving full
particulars as to new contracts, bonds. A c. See also V. 97. p. 744, 1024.
b In orou hR. T.C
y terb g
o. R a T ck T ck T l
o d ra
ra
ota
[E siveof M n a nR a dS in s M
xclu
a h tta y. n id g
iles. S b . E T ck
u w lev. ra .
Lines to be O ve r.
) —25.7
Company’s present lines------ ■
New. to bo built jointly by city and company. 48.5
56.1
75.6
16.9
71.5
73.0
147.1
T o ta l.............................................................. 74.2 131.7
88.4 220.1
The now lines (being built Jointly) here Include: (1) Lexington A v e .
•ubway extending, with 4 tracks, front a connection with the present subway
south of 42d St. northerly to 135th St. In the Bronx, there forking (a) to
Jerome A ve. with 3-track elevated extension thereon to Van Cortlandt Park
and Woodlawn Cemetery;
as a 3-track subway via 138th St. and South
ern Boulevard to Whitlock A ve., thence as a 3-track elevated road to Pel
ham B ay Park. (2) 7th A ve. subway (4 tracks) connecting at Its northern
extrem ity on 42d St. with a line to the Steinway tunnel (which became
the property of the city and Is leased by the Interborough), affording access
to Long Island City, and thence via new elevated lines to
Dltmars
A ve.;
Corona and Woodsldc. The 7th A ve. subway w ill at Its southern
end divide so as to reach both the Battery and, (via a new tunnel under the
East R iver to Clark St., Brooklyn, and the present subway,) the Flatbush
A ve. (L . I. R R ) depot, whence It will run with 4 tracks along Eastern Park
way to Buffalo A ve., with 2-track elevated extension on Livonia A ve. to
New Lots road. Manhattan R y .ls to have third track on 2d.3d and 9 th A ves.
T o cover the company’s requirement under the plan there have been sold
to J. P . Morgan & Co., and through them to a syndicate, *160,957,000 new
1st M. 5% 53-year gold bonds, to be taken and paid for In four yearly In
stallments,viz.: In 1913, $68,658,000; 1914. $30,000,000; 1915, $30,000,000!
1916. $321000.000. See V. 94, p. 1507, 1565. 1249; V . 96. p. 1228; V . 97.
p. 1024; V. 101. P- 1972. See below.
49
—
Th e lease by tho city to the company o f the new subways Is for 49 years
from Jan. 1 1917. but If their completion should be delayed through no
fault o f the company, the beginning o f tho term will be correspondingly
postponed; subject, however, to the c ity ’s right o f re-capture after 10 years.
(b
)
(b
)
S b a L a e , N wa dO , to R n
u wy e s s e n ld u
07
RAILWAY STOCKS AND BONDS
Fe b ., 1917. J
(a
)
Y a R a tu
e rs e-C p re.
J
M
J
A D June 1 1951
& S June 1 1951
& D Dec 1 1938
J
& D June 1927
First T r & Sav Bk, Chic
First T r & Sav B k. Chic
Pittsburgh. Pa
July 1 1957
July 1 1957
Jan 1 1927
Grand Cent T e r m . N Y
do
do
do
do
M ay 1 1926
Jan 1 1965
F idelity Trust Co, Phlla
Farmers’ L & T r Co, N Y
Q— J Jan 2 1917.1H Treas office, 165 B ’way
do
do
A A O Apr 1 1956
do
do
.............. April 1 1917
Q— J Jan 2 ’ 17 5% Belmont & Co. N ew Y ork
Treas office, 165 B 'w ay
J & JfJan 1966
Th e leases o f 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 A ve. branch or the Lexington A v e . branch o f the new sub
ways in order to complete a direct longitudinal line, either upon the East
Side or upon the West Side o f the city. As to the old contracts. Nos. 1 and
2, see this Section, issue o f Feb. 1913 and V. 96, p. 1701.
Th e authorizations and licenses for the elevated railway extensions and
additional tracks are for 85 years from the beginning o f operation, and are
respectively subject to the right o f the city to purchase and take the prop
erty at any time after 10 years upon payment therefor.
C m a y C m la e Prior C imon N E rn g D
o p n 's u u tiv
la
et a in s uring Life of L a e
e s.
(From net earnings, after payment o f rental and taxes annually.)
(1) From net earnings o f old and new subways (z) the average
annual profits from the present subway during the two years
ended June 30 1911. $6,335,000: ({/) 5% int. and 1% skg. fd.
on $80,000,000. the agreed amount o f company's Investment
In new subways and equipment, $4,800.000-------------------- $11,135,000
(2) From net earnings present elevated lines and elevated exten
sions and third tracks to be added, (z) Interest and 1%
sinking fund upon the $24,696,050 o f new capital for elevated
railway extensions and connections and equipment, and in
terest upon about $3,000,000 for Improvement o f M anhattan
power facilities, about $1,734,000;
average receipts dr
company from Manhattan lease for two years ended June 3 0 ____
1911, not less than $1,547,351......................... ......... ............. $3,281,351
(y)
Total prior claim on net earnings after taxes and rentals----- $14,416,351
A d d company's miscellaneous Income, estimated----------------400,000
T o ta l minimum net Income available for Int. and sink, fds----- $14,816,351
Interest (5 % ) and sink, fund (1 % ) on the entire $160,957,000
bonds authorized to be issued to Jan. 1 1917 for construction
anci equipment o f the new lines (which will add 170% to the
miles o f track in Dec. 1915 In operation In the subway and
20% to tho elevated lines) w ill amount to ........ ...................... $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 o f work.
When the profits from the operation o f the
exceed the
amount o f the company’s annual prior claim, and after all accumulated de
ductions (with interest thereon) shall have been made up to the company,
the profits then remaining are to go to the city until the percentage o f the
city ’s rotum upon its investment shall equal the percentage o f the return
received by the company; and thereafter excess profits will be divided
equally between the city and the company. The profits from tho
and connections, after all the company s accumulations shall have
been made up, are to be divided equally between the city and the company.
sb a ss m
u wy y te
ss m
yte
e v te
le a d
C O N T R O L .— In Deo. 1907 $33,912,500 of the $35,000,000 stook had
been exchanged for 200% In 4
collateral trust bonds of the Interborough
Metropolitan Co. (which see above), secured by the stock exchanged.
to Ja .
n
D IV ID E N D S .—
19071O 1910. 1911. 1912. 1913. 1914
1917.
10K
15
12 20% yrly. (5 QJ.)
Since 1906_________% - 9 yearly.
B O N D S .— Tho “ First and Ref. M tg e ." o f 1913 is limited to $300,000.
000. of which $170,000,000 was underwritten early In 1913. as stated above,
in Dec. 1915 it was hoped that only $160,957,000 would be needed to carry
out tho plan, $128,658,000 thereof being outstanding in June 1916 when the
syndicate took an additional $17,000,000. See full data, V . 97, p . 450,
1024: V . 98. p. 304. 611. 1157: V . 99. p. 119: V . 100, p. 2085. O ffering.
V . 101, p. 1972; V . 102, p. 437; V. 103. p. 1592, 1888.
Th e new bonds are since N o v . 1 1913 a first Hen on all leasehold and
other rights of tho company in (a) the existing subways and elevated lines
(including power houses, sub-stations, equipment, real estate and other
property or an estimated aggregate value o f about $40,000,000. owned
directly by the Interborough Co..subject to the c ity ’s rights under the lease)
and (6) 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 o f the power houses, sub-stations
and equipment above mentioned, which cost about $36,450,000 additional);
the estimated total cost o f the new subways Is $123,000,000; of the equip
ment for the initial operation o f the new subways, $22,000,000, and o f the
elevated line additions and extensions, $27,696,050.
Cum. sink, fund o f 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 the operation o f tho sinking fund the whole
Issue will be amortized during the term o f the lease.
In case the city shall exercise its right o f re-capture o f any o f the new lines,
after 10 years from commencement o f operation, the moneys so payable
will retire all outst'g bonds Issued for constructing and equipping same.
G E N E R A L F IN A N C E S .— T o Jan. 1 1916 none o f the additional rapid
transit lines and facilities were yielding income, but on Jan. 15 most o f the
third-track on the Manhattan Elevated lino was placed in use for ex
press service, groatlv relieving the subway. In Feb. 1916 $4,523,000
Manhattan R y . 2d M . 4s were sold to reimburse the Interborough for dou
ble-tracking, Ac. V. 102, p. 609, 712. Wago increase, A c., in 1916,
V . 103, p. 844, 938, 1032. In Oct. 1016 sold $12,229,000 First & Ret. M .
5s, making $160,585,000 outstanding. See “ Chron.” o f Oct. 28 1916.
R E P O R T .— Report for year ending June 30 1916, V . 103, p. 1115, 1131.
30—
1915-16.
1914-15.
1913-14.
Gross operating revenue_____________ $35,891,528 $33,433,743 $33,515,395
Operating expenses__________________ .$14,008,166 $12,941,314 $12,902,053
T a x e s . . ! . . . . ...................................... 2,341,606
2,133,980
2.081,949
Y r e d gJ n
ea n in u e
Income from operation.......... ......... $ 19.541.7561$ 18,358.449 $ 18.531,893
C5
QD
C i j
y
HOBOKEN Weehai
£i
i—
Si
[P MOTT
in ave.
.>
x
r iv e r
Av e .
CUREmonPARK \
JUiRn
■f VC.
C R o r o fl^ ^
. ~*4IJ
bro ad ly
%
W
H
O
O
W
w
>
^
O
w
o
a
o
w
RUFFALO a v e .
INTERBOROUGH RAPID TRANSIT
COMPANY
M A P
SHOWING PRESENT SUBWAY AND
ELEVATED LINES
AND PROPOSED EXTENSIONS
<
o
Subway Shown
Elevated Shown
m m n iiim n
PRESENT
tr*
PROPOSED
---------------• • • • • • • a
PRESENT
PROPOSED
o
69
RAILWAY STOCKS AND BONDS
F e b . , 1917. J
A ou t
m n
R te
a
r
a
M
iles D te Pa
R a B n s V lu O ts n in
o d o d a e u ta d g %
RAILRO COM
AD
PANIES
[For a b v tio s & sen te o first p g ]
b re ia n , c., e o s n
ae
International & Great Northern—
Common stock, see te x t_________________________
Preferred stook (n & d) non-cum (see t e x t )____
First mortgage gold_______ ________________________z
Colorado Bridge bonds sinking fund____________ Fz
Rec ctfs callable till N o v 1 ’ 16 at 100 H thoreaft par
1st Refunding M 550.000,000 gold red 110_____ Cex
Three-year 5% secured notes redeemable 101 g.Ccx
Equipment trust ctfs due $19,000 s-ann__________ x
do g due $50,000 s-a (V 97, p. 521, 729).-Eqx
Receivers equip trust notes $39,000 semi-annually
In te r n a tio n a l R ys o f C en t Am cr— Ordinary sharesPreferred stock 5% and partlo see te x t________
Guatemala Central 1st M g ext 15 yrs to 1931-Emz
Internat Rys (1st M on 104 miles; 2d on b a l.)— x
First m tg g red 102 H ..............- ...................... Em.z
Interoceanic Ry of Alex— 1st pref stk, 5% non-cum..
Second preferred stock 4% (V 87, p 1160) non-cum
4% debenture stock subj to call at par £1,150,000
Ordinary stock_____________________________________
Debenture stock 7% " B ” subj to call 120 cum----Second debenture stook red at 105 since 1911 - - - -
H ex B deb stock 150,000 guar red 105 since 1914
1.106
1,106
74
We L st D en P ce We In
h n a ivid d la s h re terest a d
n
P y b a dM
a a le n aturity D en s a P y b
ivid d re a a le
$100 See text
100 $3,400,000
Jan 2 1913 4%
i f 4 N N ov 1 1919
6g
500 &c 11,291.000
M
N May 1 1920
198.000
1.000
M & N M a y 1 1917
1.400.000
6
1,000 &c
2.708.000
F & A Aug 11941
5 £ fr
F & A Aug 11914
1,000 11,000,000
58
1,000
A & O T o Oct 1918
95,000
6g
F & A Aug ’ 17-Aug ’ 23
1,000
650.000
5g
738,358
J & J T o Jan 1 1926
1,000
6
100 30.000.
000
100 10.000. 000
A u g l5 T 4 1 K %
1,000 2.500.000
A & 6 Apr 1 1931
1886
6g
1,000 3.500.000 2 to 5 J & J Jan 1 1972
1912
1912 £, fr. &c £ 1,000,000
5g
M & N May 1 1972
Stock £1.400,000 4 In 1913
Dec 19 1913 4%
Stock £ 1,000.000
N ov 141912 2%
4
£1,150,000
M & S 15 Sept 15 1950
Stock £1,700,000
£100
£469,459
’ l l - ' 12 Sept 15 1950
7
£100 £1,300.000
M ifc N 30 N o v 30 1950
4)4
£ 10 0
£400,000
J
D 15 Jan 1 1984
5
1879
1880
1916
1911
1911
1908
1913
1916
&
&
Equitable T r Co, N Y
Office, 165 B’way, N Y
Guaranty Trust C o, N Y
Aug 1914 coup not paid
Aug 1914 coup not paid
Guaranty Trust C o. N Y
B lair & C o. N Y
First T r & Sav Bk, Chic
Office. 17 Battery P I, N Y
do
do
Em plreTrCo.NY.Lon, &c
London
do
do
See text
London
See text
See text
it
Y r e d Ju e
ea n . n
C cl
on
1915-16.
580,831
1914-15.
623.631
1913-14.
612,853
port and export duties. Has traffic agreement with United Fruit Co. by
which products of Fruit Company will be carried in territory served.
Stock authorized, as increased from 57,500,000 in April 1912, 530,000,000
Gross incomo.......................... ....... $20,122,587 $18,982,080 $19,144,246
oommon and 510,000,000 5% pref.: par 5100. Pref. Is entitled to share
T o ta l deductions......................... ....... $11,409,260 $10,913,596 $11,119,666
equally In all dividends paid in any year after 5% has been paid on both
Dividends.................................... (20%)7.000.000(20)7000,000(15)5250,000
stocks. V. 95, p. 544. First quar. div. on pref., 1 % , paid Aug. 15 1912;
N o v . 15,
1913. 5%
& .-F .); 1914, Feb.. M a y and Aug. 15.
Surplus * ........................................ *$1,713,327 *$1,068,484
$2,774,580
none since to Oct. 1916.
B O N D S .— For 60-year gold 5s of 1912 (£4,500,000 auth. Issue, which
* A fter adding surplus o f Queensboro subway, $178,688 in 1915-16 and
$5,663 in 1914-15, the balanco, surplus, for tho respective years was $1,892, may be increased to £6,000.000) see V . 94, p. 1449; V . 96, p. 1488.
T h e $3,500,000 bonds Issued by the International Rys. covering all lines
015 in 1915-16 and $1,074,147 in 1914-15.
as a second lien bear Interest at 2% the first year, 3% the 2d year, 4% the
(
),
30
year and 5% thereafter. Balanco sheet, V .
p.
1905 1907 19081909 1910 1911 1912 1913 1914 1915 1916 3d Tho S2,500,000 Guatemala Central 1st M . 95, due544. 1 1916 were ex
6s
Oct.
Passengers.. 339 449 483 514 562
578 607 634
651 647 684 tended till 1931 at same rate o f Interest by consent of over, 80% o f the bonds,
Gross ______ $16 $22
$24 $26 $28
$29 $31 $32
$33 $33 $36 making it effective.
D IR E C T O R S .— August Belmont (Chairman). W . Leon Pepporman.
E A R N IN G S .— Report for cal. year 1915, In V. 102, p. 2163, showed
G uy E . Trip p, A . D . Juilllard, A . J. Hemphill, Cornelius Vanderbilt. Ed Gross, $2,203,938; net, after taxes, $966,439; other income, $46,701; Int.,
ward J. Borwind. H. M . Fisher, Theodore P . Shonts, F . do O. Sullivan, discounts, &c., $596,471; bal., sur., $416,669.
Thos. Cochran, Chas. B. Ludlow, Daniel G. Reid and E . E . Starbard,
O F F IC E R S .— M inor C . Keith, N ew Y ork, President. Pres. Northern
N ew York: T . Do W itt Cuyler, Philadelphia. Pros., T . P . Shonts; V .-P ., Rys. Co. o f Costa Rica. VIce-Pres. United Fruit Co.; Henry M . Keith,
Frank Hcdloy, David W . Ross; Sec., II. M . Fisher; Troas., John H . Cam p N . Y ., Vlce-Pres.; Edward S. H yde. Sec. & Treas. N . Y . office, 17 B at
bell. Offico, 165 B 'w ay, N . Y . — (V . 103, p. 1888; V. 104, p. 361.)
tery Place.— (V . 100, p. 2082. 2163.)
IN TERO C EANIC R Y . OF M EXICO. L T D .— Vera Cruz to Mexico City.
IN T E R N A T IO N A L & G R E A T N O R T H E R N R Y .—
Mex., 338 miles; Los Reyes to Puente de Ixtla, 123 miles; Los Arcos to
— Total system July 1916, 1,159 miles, viz.:
Cuautla, 102 m.; 3 branches, 30 m.; Mexican Eastern R y . (V . 73. p. 1263)
—
.)—
Mex. Southern
below);
Long View Jet., T ex., to Houston 232 Magnolia Park T e r m in a l...
10 124 miles; leases Feb. 1982, after R y ., 313 miles (see to State total, 1.031 m.
end
which road passes
at a valuation.
129 Concessions 1 1910 took over upder lease the Mexican Southern from
Palestine to Laredo..................... 413 Sundry branches_____
On Jan.
—
Spring to F t. W orth. T.&P.Conn,272
Jan. 1910 for the term of Its concessions, the rental providing 4% dlvs. and
Houston to East Columbia breh. 50 G alv. Houston & Henderson____ 49
sinking fund on the £875.000 debenture stock and any further Issues up to
O R G A N IZ A T IO N .— Incorporated In Texas on Aug. 10 1911 and £121,720, and dlvs. payable half-yearly on the £1.000.000 common stock
succeeded the In t. & Great N or. RE. foreclosed Juno 13 1911, per plan in ranging from 3 IS % In 1910 t o 5 H % In 1917 and
thereafter, and also a
V. 92, p. 1310. Th e I. & G. N . Holding Corporation was incorporated in yearly sinking fund from Jan. 1 1918 sufficient to redeem the ordinary stock
Virginia In N o v . 1911 with $5,500,000 capital stock, and owns the common at expiration of concessions June 8 1990. Nat. Rys. of Mex. will assume
stock o f tho railway. See V . 93, P-1386; V. 9o, p. 176.
lease from Feb. 13 1982. V . 89. p. 225, 286, 1223, 1542.
Tho cash required by plan ($15,340,000) was raised as follows: (a) by sale
N at. Rys. of Mexico (which see) owns £1,038.450 of the 2d debentures,
to bankers o f $11,000,000 3-ycar 5% notes due Aug. 1 1914 (prin. and int.
£1,310,500 ordinary and £244,800 pref. stock. About Aug. 15 1914 the
on which are now in default), secured by deposit o f $13,750,000 1st ref. M . M ex. G ovt, took possession o f the road and leased lines. V. 100, p. 55.
bonds, o f which $12,150,000 was deposited by tho now co. and $1,60Q,000 Regular service was resumed in Aug. 1916. V . 103, p. 844. See N a t.
by tho syndicate; and ( ) by the sale to a syndicate o f $1,600,000 1st ref. Rys. o f Mexico.
M . bonds, $3,400,000 pref. stock and $2,500,000 com. stock. V . 92,p .1310.
S E C U R IT IE S .— Th e deben. stockholders in 1914 approved a plan (V.99
— On Aug. 11 1914 James A . Baker, o f Houston, and Cecil A .
p. 48. 674) under which (1) the Installments o f interest payable on
Lyon (deceased) wero appointed receivers, both the principal and Interest the 4% deb. stock Sept. 15 1914 and March 15 1915 and on the 4 H % 2d
o f the $11,000,000 3-year notes being in default. V. 99. p. 467, 406, 342.
deb. stock M a y 30 and N o v . 30 1914 are to be paid in 5% deferred warrants;
In April 1916 thcro were Issued $1,4003)00 6% 1-year receivers' certifi (2) the installments o f rent payable under lease, (a) to Mexican Eastern R y .
cates in connection with tho payment o f $700,000 receivers’ certificates due on Juno 7 and Dec. 7 1914, and (6) to Mexican Southern R y . JUne 30,
M a y 1, and for improvements &c. V. 102, p. 1623; V . 100. p. 1510, 1592. Julv 28 and Dec. 31 1914 and Jan. 28 and April 27 1915 are to be satisfied
Foreclosure salo postponed indefinitely. V . 100, p. 2009, 1752.
by 5% certlfs. of Indebtedness, all to be redeemable from the earnings o f the
Alexander J. Hem phill, Chairman; company or o f the respective leased lines from M a y 30 1914 to M ay 29 4915.
W m . O. Cox. Secretary; Guaranty Trust Co. N . Y ., depositary. 90% has On June 29 1915 deb. stockholders agreed to an extension o f the moratorium
been deposited. V. 99, p. 342, 406, 467, 538, 894, 1300, 1451.
for 2 years to M a y 29 1917 on the same terms. V. 101. p. 130. Earnings
S T O O K .— Of tho com. stock $1,422,000 was issued Juno30 1913 tho re o f M ex. East. R y. for year 1913-14, gross, £820,201; net, £323,976; net In
maining $5,078,000 being held for exchange for a like amount o f conditional sterling, £23,126.
Owing to the disturbed conditions in M exico, the holders o f the perpetual
Interim certific’s. If, as and when Issued, under agreement dated N o v . 7 1911.
IV. W . Lanahan & Co. w ill head tho stockholders' protective committee. debenture stock and second debentures on Jan. 7 1915 authorized (a) the
deferment until 1917 o f the payment o f the interest due In 1915 and 1916
V . 103, p. 2155.
and tho Issuance therefor o f certificates bearing Interest at 6% and
D IV ID E N D S .— First div. on pref. stock, 1% . Aug. 1 1912 Jan. 2 1913
respectively, due on or before Jan. 1 1917 and A pril 1 1917, (b) the
4% . making 5% for year ending June 30 1913. V. 95. p. 111.
omission o f the sinking fund for 2d deb. in 1915 and 1916. V . 100. p. 229.
B O N D S .— O f the new 1st ref. M . 30-yr. 5s ($50,000,000 auth.), $12,150,
D IV ID E N D S on 1st pref.,
1908 and 1909, 6% 1910 and 1911
000 have been pledged as security for the 5% notes duo Aug. 1 1914 and $1 , 5% each (M . & N .) . In 1912, N o v .. 6% ; 1913. D ec., 4 % . On 2d pref.,
600,000 sold for cash to the syndicate and by It deposited as further security 1% 1909: N o v . 1910. 4% : N o v . 1911. 4% : N o v . 1912. 2% ; 1913. none.
for said notes (see above); 511.422.000 are reserved to refund underlying
R E P O R T .— For 1912-13 in V 97. p. 1895. V . 100. p. 55.
bonds and 523.720.000 arc reserved, under restrictions, for additional equip
£.
ment, additions, extensions and Improvements. Compare V. 94, p. 350; 1913-14................ 820 (M ex.)$ 9.147,842 (Mox.)$2,735,572 £176,903
V . 96, p.653: V. 99. p.269. Tho secured notes through their collateral 1912-13................1.031
(M e x .)9 .121.389
(Mex.)3.255.362
322.720
cover the entire property at (including underlying bonds) about $20,500
Total net inc. in 1913-14. £181,393; chges. & Int. on deb. stk.. 214.827;
per mile. V. 94, p. 350. The M ay 1 1916 interest on 1st M . 6s o f 1879 paid to Vera Cruz Terminal C o.. Ltd ., £20,880, to make up deficiency In
was paid when duo M a y 1 1916.
.
.
,
deb. Int. and working expenses; bal., dof., £54.314. N . Y . office. 25 Broad
In Aug. 1913 $1,000,000 5% equip, bonds wore sold. V . 97, p. 521, 729. St.— (V . 99, p. 674; V . 100, p. 55: V . 101, p. 130; V . 103, p. 844.)
E A R N IN G S .— 6 m os.,11916............Gross, $6,179,384; net. $1,912,124
J A C K S O N V IL L E T E R M IN A L R Y .— Owns union passenger depots,
July 1 to Doc. 31.
(1915_______ Gross, 4,832,731: not. 1,013,091
5 locomotives. <io., at Jacksonville, Fla., Including 31.16 miles of track
used by A tl. Coast Line R U ., Seaboard A ir Line, Florida East Coast
R E P O R T for year ending Juno 30 1916 in V . 103. n. 1506.
R y .. Southern R y . and Georgia Sou.
Florida R y ., which own entire
1915-16.
1914-15.
1913-14.
Gross earnings________________________ $9,420,291 $9,083,626 $9,963,407 stock ($200,000). Plans for new passenger terminal, to cost about S I,000.N e t for interest.... .............................. 1,162,081
264,327
877,034 000, were accepted in Aug. 1916- Tho A tl. Coast Line, Seaboard A ir Line
and the Southern R y . and Ga. So. &
Interest on funded debt_____________
813,612
842,482
1,307.730 and Fla. East Coast each guarantee
o f the int. under the rentals and meet expenses on wheelage
Other interest and miscellaneous____
641,539
543,242
18,200 Fla. each
basis, the A tl. Coast Line, Seaboard A ir Lino and Fla. East Coast R y . guar
Balance, deficit...............................
$293,076 $1,121,397
$-148,896 anteeing bv endorsement the prin. and int. o f above bonds. Loans and
bills payable outstanding Dec. 31 1916, $354,770.— (V . 71, p. 135.)
Directors.— Frank J. Gould (Chairman) and Kingdon Gould, N ew York;
JAM ES B A Y & E A S T E R N R Y .— Incorporated in 1915 in the interests
R . Lancaster Williams. Baltimore; Thomas J. Freeman, N ow Orleans;
Fred. W . Cook. San Antonio; A . G . W hittington, Jesso H . Jones, W alter o f tho Canadian Northern R y . and on Fob. 18 1916 deposited with the
K y le Morrow and A . R . Howard, Houston. Pres., Thos. J. Freeman; Secretary o f S tato o f Canada a trust deed dated Sept. 1 1915 to tho Guardian
1st V .-P .. G. H . Taylor; 2d V .-P ., A . G. Whittington; Sec., A . R . Howard. Trust C o., as trustee, securing certain 30-year 5% debenture stock or
Office, Houston, T ex.— (V . 102. p. 975. 1625; V. 103, p.239, 1506.2155.) bonds o f tho company. Tho company is authorized to build a railway
from near Lake A bitibi to tho mouth o f tho Saguenay River. Road com
IN T E R N A T IO N A L R A IL W A Y S O F C E N T R A L A M E R IC A .— Owns pleted from Roberval to Salmon R iver, 30 miles. R . P . Ormsby, Asst. Sec
retary o f the Canadian Northern R y ., Is Secretary o f the company.
688 miles o f 3-ft. gaugo railway.
incorporated In New Jersey June 8 1904 as Guatemala R y .# name being
J A M E S T O W N F R A N K L IN & C L E A R F IE L D R R .— See N . Y . O. R R .
changed In April 1912 and Guatemala Central R R . (V . 79, p. 902, 903)
JEFFERSON R R .— Owns Lanesboro, Pa., to Carbondale, Pa., 37 miles,
taken over. Has long concessions, that In Guatemala giving the Govern
iouble track; branch. West Hawley, Pa., to Honesdale, Pa., 8 miles. Leased
ment the right, after Jan. 2003, to purchase the lines at an arbitrated price.
Tinder the 99-year concession In Salvador, the railways In 2007 are to be in perpetuity for $154,940 per annum to Erie R R ., owner of ($2,095,
come the property of the Govt, without Indemnity, with the right to pur 700) Btock. Used by D A H . t o reach Carbondale.— (V .8 7. p. 1479.)
chase after June 1978 at a price to be fixed by arbitration. Subsidy In
JONESBORO L A K E C IT Y & EASTERN R R .— Owns Jonesboro to Bar
Guatemala on some lines 57,320 per kilometer; on other lines, 53,200 per k. field, A rk., 63.16 miles Osceola Jet. to Osceola, A rk ., 14.39 m.; M idw ay to
In Salvador, 57,000 gold per kilometer, payable monthly from certain Im Luxora 1.4 m.: M idw ay to M ear os Ldg., 0.5 m.; Ross to Wilson, 16.95 m.
30 (
.).—
Non-operating income-------------
Ifi%\
No, P s e g rsC rrieda dG s O e Rv n e in M
as ne a
n ro s p r. e e u s
illions Ju e
n
Pacific.)
L es o nd
in we
M
iles.
\M \
%
M
(IH%
Y
rs.
[S eM M
e ap issouri
L eso n d(con
in we
cl
M
iles.
Join T ck g
t ra a e
"'Miles.
5)4%
b
R ce e h .
e iv rs ip
P te e Cm itte for GldN
ro ctiv o m e
o otes.—
4)4%.
4)4%
At. M
iles.
G s.
ro s
N
et.
&
1
4
N in
et
70
RAILWAY STOCKS AND BONDS
[V o l . 104.
*
RAILWAY STOCKS AND BONDS
F e e ., 1917.]
RAILROAD COM
PANIES
[For a b v tio s & s en te o first p g ]
b re ia n , c., e o s n
ae
A ou t R te
m n
M
iles D te Par
a
a
a e u ta d g
R a B n s V lu O ts n in %
od od
Iow a Central— See Minneapolis A St Louis
Jacksonville Term— 1st M gold gu 5oOO.GOO-.Mp.xo*
$1,000
31 1894
Jam estow n F ran k lin
C le a r fie ld — See N ew York Cont’l UR
1,000
Jefferson— 1st A 2d Ms ext In ’87 A ’89 (H ’ dale Dr) .. o
8 1867
1,000
lot M g ext 1908 red 105 gu p & 1_____________ FP.o*
37 1889
1,000
Jonesboro Lake City & Eastern— 1st M 51.000,000 -x
96 1905
1,000
Joplin Union Sta— 1st M gu J’tly red 105 aft 5 yrsxo
- - - 1910
Junction (Philadelphia)— See Pennsylvania R R
1,000
1908
Kanawha B’ ge & T Co— 1st M g redlOS bcg’ 16 st F P .x
____
100
Kanawha & Mich— Stock 510,000,000_______ _______
1,000
1st M 515,000 per mile g guar p & 1
________Ce.xo*
164 1890
1907
1,000
Second mtge 52.500.000 auth gold red p a r., (ixc*
■
»
___ 1912
1,000
Equipment g 500,0(10 s-a red p a r(V .9 4 .p .l0 9 5 )U n --x
- - - 1914
do
g JflO.OOO s-a red par (V 99. p 342).. U n
1.000
40 1905
Kanawha & W est Va— First M g see t e x t _____ c*
Kanawha & W Va Car trust as of Dec. 31 1916
Kansas C ity Holt— See Kan City Terminal R y
162 1885
1,000
Kansas City Clinton & Spring— 1st M g guar.-N B .xc
1916
Kansas C ity C o n n e ctin g — 1st M auth (7 )------------Kansas City Fort Scott & Memphis R y—
„
R ef M 560.000.000 gold guar p A I en d.B a.xoA r 1.085 1901 1,000 Ac
26 1882
1,000
Kansas A Missouri R R flr«t mortgage.............. . . . x o
715 1888
1,000
Kansas Cltv F t Scott A Memphis R R cons MNB.xo*
82 1887
1,000
Current River R R 1st M 520,000 p m guar. NBx
3 1889
1,000
Kans Cy & M R y A Bdge 1st M g s f drawn at 110xo*
285 1894
500 Ac
Kans Cy Mem A Blrm gen M 54.500.000 cur-.OB.xo
285 1894
500 Ac
Income non-cumulatlve------------------------- OB.xo
do
stamped fixed Interest redeemable te x t.x
285 1894
600 Ac
Birm Belt 1st M gold red 102 1 guar p A I end.OBx
4
39 1902
1,000
30, 1907
Kan City
Memphis— Ark Okl & W 1st M g-Usm x
1,000
K C * M mtge" 518.000 P m red 107 M sf..M S t.x c *
56 1911
1.000
M em pliis
K C Memphis R y & B ridge Co— Seo Fort Scott &
Kansas C ity M exico & O rien t— Stock see te x t----100
Two-year gold notes $6,000,000 red par-------- C ol.c
1914
b Includes $451,000 held alive In islnklng funds
&
_
&
(former Wilson Northern R y .); total, 96.40 miles. Stock, $600,000.
Bonds, $550,000 outstanding. Bank of Commerce & Trust C o.. Memphis,
trustee. Loans and hills payable Juno 30 1915, $223,566. In 1915-16,
grass, $344,094; not, $69,344. For 1914-15, gross, $284,821; net, $67,989;
lnt., taxes, Ac., $90,297; bal., dof., $22,308. Pres., R . Leo Wilson; Treas.,
V. C. Pettle. Office, Jonesboro, A rk.— (V . 98, p. 1844; V . 103 p. 239.)
J O P L IN U NION DEPOT CO.— Owns union freight and passenger station
on 26 acres at Joplin. Mo., completed In 1911, used by the AtchlsonTopeka
A Santa Fe, Kansas City Southern, Missouri Kansas & Texas and Missouri
A North Arkansas, which Jointly own the 540,000 stock and Jointly
and severally guarantee the bonds, prin. and lnt. Of the bonds (5750,000
auth.), 5650.000 sold. Total stock autli., 5750.000.— (V . 90. p. 502. 627.)
K A N A W H A BRID G E & T E R M IN A L CO.— Owns bridge across the Great
Kanawha River near Charleston, W . Va.. used for railway, street railway
and general traffic. Stock, $400,000, owned by Ohes. & Ohio, which op
erates property. Bonds, see table and V. 91, p. 1029. Year 1915-16,
gross, $46,629; net Inc., $40,745; lnt. & taxes, $30,574; bal., $10,171
K A N A W H A & M IC H IG A N R Y
*
Owns Corning, O., to Gauley on Ches. A Ohio, 176 miles, less 18 miles.
Pomeroy to Galllpolls, and J mile, Athens to Armttage, where Hocking
Valley R y . tracks are used. Also owns branch of 11 miles leased to Toledo
Ohio Central and Zanesvlllo
Western R y . companies.
In Aug. 1916 purchased all or nearly all
the $1,359.600 cap. stock and
In Oct. 1916 had agreed to assume tho $1,000,000 bonds and the $123,000
Oar T r . Ctfs. o f Kanawha
W . Va. R R .. a lino extending from Charleston,
W . Va., to Blakely. 33 milos, with branch 4 miles. V. 103, p. 844.
.— e M T le o
(S e ap o d
S
c
&
O io C tra
h en l.)—
of
S
c
H IS T O R Y . Ao .— Reorg. In April 1890 of K . A O. R y . foreclosed (see
V. 60. p. 451,483)i. Toledo & Ohio Central R y . ( V . 100. p. 1251) acquired
0
In 1915 $8,947,800 o f tho $9,000,000 capital stock. V. 99, p . 1052; V . 98,
p. 912.1537; V. 96, p. 63.
D IV ID E N D S .—
1911 1912. 1913. 1914. 1915.
1916.
5
6
5 • 5
Per cent_____________ 6>£
i « . iK . i
E A R N IN G S .— 2 inos.,f 1916................. Gross, S620.707; net, $172,881
July 1 to Aug. 31. \1915............ ...G ro s s , 568.306; net, 186,882
R E P O R T .— Report for year end. Dec. 31 1915. see V. 102. p. 1621.
Web
1915----- $3,139,104 $931.6/7 $222,749
$349,349 $450,000 $355,077
1 9 1 4 --- 2.944.184
684,260
293 051
328,550
450.000
198.760
Pres., A . H . Smith.— (V . 102, p. 602, 609, 1436, 1621; V..103, p. 844.)
x. ix
Y r—
ea
C s.
ro s
O e Inc. Int., Ac. D
th r
ivs.(5% V la ce
) an.
K A N A W H A & W E S T V I R G I N I A R R .— See Kanawha & M . R y . above’
$500,000
300,000 4
2.800,000
724.000
650.000
6*
We L st D en P ce We In re t a d
h n a ivid d la s h re te s n
P y b a d M rity D id n s a P y b
a a le n atu
iv e d re a a le
J
X
& 6J
A
5 g
5 g
M
g M
4X
485.000
5 B
9.000.000 5 In 1915
2.469.000
4 g
2.500.000
5 g
730.000
414 g
960,000
g
1,477.000
5 g
119,000
4X
71
A
A
J
J
J
.1
A
J July 1 1939
A
A
A
A
J
()
S
N
July
Apr
Sept
May
Guaranty Trust Co, N Y
’27-Jan ’29 F idelity Trust Co, Phila
11919
Erie R R , New York
1 1925
M erc Trust Co, St Louis
1 1940
Phil T r, S Dep A Ins Go
A O A pr 1 1948
Quar. D e c 27 T6
A O Apr 11990
A .1 July 1 1927
A .1 J u ly ’ 17-Juiy’ 22
& J July’ 17-July ’ 24
A J July 1 1955
Fidelity Trust Co, Phila
P . Morgan A Co, N Y
Central Trust Co, N Y
J P Morgan A Co, N Y
Union Trust C o, N Y
do
do
Scranton (Pa) Trust Co
1X% J.
o
Oct 11925
April 1915 coup not paid
o
Oct
A ug
May
Oct
Oot
Mch
Mch
Mch
Oct
Jan
May
1 1930
1 1922
1 1928
1 1927
1 1929
1 1934
1 1934
1 1934
1 1922
1 1947
1 1961
Bankers Trust Co. N Y
Old Colony Tr Co. BostOH
Bank Trust. N Y ; A Bost
Old Colony Tr Co. Boston
Bank Tr Co. N Y ; A Bost
Old Colony Trust Co
do
do
do
do
Bankers Trust Co
July 1915 coup not paid
N o v 1914 coup not paid
A & O 30 Apr 30 m e
Prin. over-due. T e e text.
3,274.000
See text
6g
5
A
25,835.000
390.000
13,736.000
1.606.000
b3.000.000
3.323.390
293,780
5,629.500
1.000.000
300,000
508.000
4g
5
6
5
6g
4
6
5
4g
6g
fig
A
F
M
A
A
M
A
A
A
A
A
A
Sept
M &
A A
J A
M A
20.000.000
5.640,200
6g
A
A
N
()
<)
S
S
<)
J
N
$22,500 per mile thereof. As to guaranty, seo "organization,” above,
v . 75, p. 853. See V. 87, p. 414; V . 91. p. 38, 154; V. 92, p. 1311; V . 93
p. 45; V . 94, p. 279.
In 1912 the K . C. F t. Scott A Mem. R y . had guaranteed the int. on all
ex co»t S293.780 of the $6,322,780 K . C. Mem. A Blrm income bonds.
V . 74, p. 477. 577; V . 103, p. 2340. As to K . C. M em . R y . A Bridge, see
V . 78, p. 1549; V . 99. p. 1597; V . 102, p. 800.
bonds are guaranteed, principal and Interest. Jointly by
Kansas City Memphis A Blrm. and St. L . A San Fran. V . 75. p. 1147.
<
B in a B lt
irm gh m e
E A R N IN G S .— For year ending Juno 30 1916. gross. $13,618,298: net.
$4,041,987: other income. $412,979: fixed charges, $3,719,374; pref. diva.
(4 % ), $600,000; bal.. sur., $165,410. In 1914-15. gross, $12,780,120;
net, S3,861.612.— V. 103, p. 2340.)
K A N S A S C IT Y & M E M PH IS R Y — Rogers to Slloam Springs. A rk ,. 30
miles; Freeman to M onte N e, 6 m.; Cave Spring to Fayetteville, A rk ., 20
m ., total, 56 miles. Absorbed the Ark. Okla. A West. R R . and M onte N e
R y. in April 1911. V . 92. p. 881. 1109; V . 94. p. 207. $100,000 receiver’s
certificates have been authorized, o f which $80,000 (6% 3-year, dated
Jan. 1 1916), issued to M a y 31 1916. V . 102, p. 800. Receivers were apointed in July 1914. T h ey are now J. E. Felker o f Rogers, A rk ., and
C.
Bright o f L ittle Rock. Th e interest on $300,000 bonds due July 1
1914 is in default; floating debt was about $90,000. V. 99, p. 269. 538.
Loans and bills payable Jan. 1917, $8,200,000.
IFesf. lsf 6s.— Francis X . Quinn. Chairman;
Byron A . M ilner. Secretary: Real Estate Trust C o., Phila.. depositary.
N early all the bonds deposited. V . 99. p. 467. 816.
5s
1911. See F . J. Lisman A C o., N . Y . See V . 92.
p. 881. 1109: V . 102. p. 800.
E A R N IN G S .— Y ea r ending June 30 1916. gross. $81,081; net, $3,120;
other income, $15; int., taxes, A c., $22,643; bal., def., $19,502.
N . Y . office. 30 Broad St.— V . 99. p. 816, 969; V. 102, p. 800.
S
C m itte for A O la A
om e
rk. k .
C m itte for
om e
of
M ge.
ilea
(THE) K A N SA S C IT Y MEXICO & O R IE N T R R .— Road
— The road when completed will extend from Kansas City, Mo., to Topolobampo, Mcx., 1,659 miles, with acut-otl from San Angelo, Tex., to Del R io ,
Mex., 160 miles, connecting there, as well as at Chihuahua, M ex., with
Mexican lines for M exico C ity. In oper. June 30 1915, 963.33 miles, viz.:
O nd(incl. K. C M <fc O. R of T x s 477 m S rities O n d M
we
. .
y. e a ,
.. ecu
we ), iles.
Wichita, Kan., to Alpine, Tex. (except trackage St. Louis A San
Francisco R R ., Foley to Ewing, Okla., 12.78 m ile s _____________ 737.13
Marquez, Mex., to Tobalaopa----------------------------------------------------- 86.77
Mlnaca to Sanchez, Mex. (74.28 m .); El Fuerte to Topolobam po,
62.23 miles)...............
136.51
Mochls, Mex., to Mochls Junction. M ex______________________________
2.92
K A N S A S C IT Y C LIN T O N & S P R IN G F IE L D R Y .— Owns from Olathe
Kan., to Ash Grove, Mo.. 154 miles: Raym ore Jet. to Pleasant H ill, M o .1
8 m.: total, 162 miles. Stock. $1,775,400. Bonds were guar, by the Kan*
C ity Ft. Scott & Mom. R R . (old co .). In Dec. 1916 tho past duo coupons
for 1915 and 1916 were paid in full. Seo K . O. F t. Scott & Memphis R y .
O R G A N IZ A T IO N .— Sold under foreclosure July 6 1914. but In Oct. 1916
below. Yoar end. June 30 1916, gross, $349,940; net, $22,931; other in only $3,000,000 o f the purchase price ($6,001,000) had been paid and tho
come, $3,799; int. on bondsi $163,700; taxes, $22,000; bal., dof., $162,237. Court to avoid a new receivership ordered $24,000,000 bonds o f the original
— (V . 100, p. 901, 1348, 2310.)
company to be deposited w ith it as security for balance o f purchase price.
Order restraining such action has been asked. V . 103, p. 1508, 1301;
K A N S A S C I T Y C O N N E C T IN G R R . — On Dec. 20 1915 the M o . R R .
V . 99. p. 119; V. 98, p. 1920.
Commission authorized this new company to Issue prior to Jan. 1 1917
4s (
— Lord Monson (Chairman); Harry
$1,000,000 cap. stock and $1,000,000 1st M . 5s.
*
Hoffman, 37 W all St.. Sec.; Columbia Trust C o., N . Y .. and G lyn.
K A N S A S C I T Y P O R I S C O T T & M E M P H IS R Y .— Operates Kansas M ills, Currie A C o., London, depositaries. O f the $21,409,000 In the
C ity , Mo
to Memphis, le n n . and branches. 922 miles. Also has a hands o f the public. $19,545,000 had been deposited In June 1914. Chas.
controlling Interest In stock o f the Kansas C ity Memphis & Blrm. R R .
II. Jones A C o.. 20 Broad St., N . Y ., are fiscal assistants to the committee
owning line from Memphis, Term., to Birmingham, A la., with branch, 290 in the U.S. V. 94. p.767. 911.1566; V.97. p. 443: V .9 S .p . 763.1244.1767.
miles, and of Kansas City A Memphis R y . A Bridge Co., owning bridge
6%
— The following committee was
across Mississippi River at Memphis, 3 miles. Total, 1,215 miles.
formed In 1910 to prepare a plan in which bondholders as well as noteholders
In Dec. 1016 the reorganization o f tho St. Louis & San Francisco R .R
may participate, and In June 1916.
ajority of
notes
having been successfully accomplished, tho past duo coupons for tho years deposited, asked the Central Trust C a mas trustee, the enforce having been
o.,
to
the right o f
1915 and 1916 were paid on the K C. Clinton A Sprlngflold 1st M . 5s
Wallace and
and tho K . O. Memphis & Birmingham Assenting Income 5s. these being tho noteholders: Chairman James N . C ity; Henry Harry Bronner. .N ew
York C ity; Jozach Z. M iller, Kansas
Sanderson, o f C D .
tho only bonds o f tho K . C. I* t. 8. & M . system defaulted. V. 103. p. 2340. Barnoy A Co., o f New York; W illiam J. G ray, Detroit; Herbert F. H a ll
O R G A N IZ A T IO N .— V . 72. p. 1237. See V. 72, p. 438, 532. 675. 988- and Clifford [listed, o f Kansas C ity, and C . M . Sigler, 54 Wall St., N ew
The S t.L. A San Fran. R R . owned the entire stock and leased the roadjguar* Y ork C ity, Secretary. Central Trust C o., N . Y ., and Commerce Trust
C o., Kansas C ity. M o ., depositaries. Tho interest, due April 30 1916,
ante/lng the bonds of 1901. prin. and lnt.. and 4% on pref. stock trust certs
Tho reorganization by which the St. Louis-San Francisco R y . Co. was on these $5,640,200 notes o f 1914, maturing April 30 1916. was paid when
formed (V . 102, p. 896) left undisturbed the lease and outstanding bonds duo at tho Columbia Trust C o.. N . Y .. but tno principal due on April
o f this system. Provisions in the new Frisco mortgages allow that company 30, remains unpaid. V . 102, p. 1430, 1896. 2166.
to make improvements, extensions.
on the Kansas C ity Fort Scott
— In Oct. 1916 the noteholders and bondholders’ committees were
& Memphis Railway system and buy equipment and deal w itli obliga engaged in preparing a new plan o f reorganization. Th e plan o f Dec. 8
tions o f the system, and for these purposes to issuo and rcuow bonds un 1915 was in V. 101. p. 2144; V. 102. p. 153. 713.
der any existing mortgage o f this system, and to issuo now bonds o f this
E A R N IN G S .— 5 mos., f 1916...........G ro s s , $544,862; net, $42,627
company, or of the now 1 t'isco Company, secured on this systom, or any
‘
part thereof, in priority to the existing lease o f tills systom and to any
July 1 to N o v. 30.
11915_________Grass.
523.414; net,
6,852
Annual report. A c., V. 101. p. 1711. 1668, 1886; V. 102, p. 153.
lien o f the new Frisco mortgages on this system, but the aggregate prior
mtgo. debt on this system must not at any time exceed $75,000,000.
—
1915.
1914.
28.71
S T O C K .— Common, authorized, $45,000,000; outstanding, $16,660,000 Tota l gross earnings_________ $2,449,599 $1,903,157 $546,442
3,324
2.582
742
28.71
all owned by St. Loius-San Francisco R y . and pledged under its mortgage Earnings per m ile____________
Th e net earnings for year 1914-15, it is stated, would have been $402,000.
o f 1916 along with $6,522,200 o f tho pref. stock. Tho remainder o f tho
$ 15,000,000 pref. shares (par $100) is deposited in escrow, and against, had it not been for extraordinary Improvements which reduced them to
it aro outstanding trust cert ficates o f the old St. L . A San F. R l l. , tho $90,773, comparing, however, with a deficit o f $364,953 In year 1913-14.
latter having rosorved tho option to retire tho certificatas at any tim e at par,
O F F IC E R S .— Pres., Edward Dickinson: Treas., Townley Culbertson
and obligating itself to pay o lf the whole issue in 20 yoars front date (Oct.
1901), and meanwhile to pay quar.
thereon (V . 72, p. 1238). In tho Aud., Neal S. Doran. Directors. V. 101, p. 1711. O ffice. 10th St. and
Frisco reorganization in 1916 the holders o f $7,681,100 o f tho trust ce rtifi Baltimore A ve., Kansas C ity , M o .— (V . 103, p. 320, 1508, 2340-)
cates (original issuo S15,000,000) surrendered tho same In oxchango fo r
K A N S A S C I T Y O U T E R B E L T & E L E C T R I C R R . — Incorp. July 18
75% in the Prior Lien Series A 4% bonds and 25% in tho Cum. Adjust.
1902 In Kansas to construct a double-track belt line connecting all lines
0% bonds o f the new St. Louis-San Francisco R y . (Seo V. 103, p. 897.)
entering Kansas C ity . K an., and Kansas C ity , M o .. 8 miles; uncompleted
B O N D S .— Of the R ef. bonds o f 1901|($60.000.000), $25,835,000 were out in 1915. V. 75. p. 184; V. 76. p. 331; V . 80. p. 871. On Oct. 31 1912
standing Juno 1916, $106,000 were in treasury, $26,324,270 wore reserved Thomas A . Bigger was appointed receiver. In N o v . 1912 $75,000 receiver’s
for exchange against the face amount o f underlying bonds and remaining certificates were authorized, o f which $50,000 were Issued.
Bondholders’ committee (John W . Flatten. Chairman; Calvert Brewer.
37,734,730, as well as any bonds not used or required for refunding purposes,
are reserved for issue for additional lines aud extensions, at not exceeding Sec.; U. S. M tge. A Trust C o., depositary. V. 102, p. 713; V . 103. p. 2340.
C m itte for F M.
om e
irst
C m itte for 2 e r
om e
-y a
Se
e .,
o C
ld o.)
Gld N
o otes.
Pn
la .
Y a e d gJ n 3
e rs n in u e 0
\%
In a e P C n
cre s . er e t.
[V o l . 104.
RAILWAY STOCKS AND BONDS
72
ce h
re
h n a ivid d la W re te s and
R te We L st D en P ivse de aInP ytb
a
A ou t
m n
D te Par
a
a a le n a rity D id n s re a a le
a e u ta d g % P y b a d M tu
R d B n s V lu O ts n in
oa o d
RAILROAD COM
PANIES
IFor a b v tio s & sen te o first p g ]
b re ia n , c., e o s n
ae
Miles
K an sis City Outer Belt & Elec— Stock (halt 4% pref)
1st M $3,000,000 g ......................- ............................
Kansas C ity & P a c ific — See Missouri Kansas & Texas R y be
Kansas City St Joseph & Council Bluffs— See Chicago Burlln
Kansas City Shrevcp & (iu lf Term — 1st M red 105 . . z
Kansas City Southern— Common stock $30,000,000-
Preferred stock 4% non-cum 521,000,000----------First mortgage $30,000,000 gold------------ Ba.xc&r
Ret and Impt I I $21,000,000 gold red 105.xc*& r.N
...
Equip notes g ser D due $62,000 s-a red par._N x
Kansas C ity Term R y — Stock auth $50,000.000----1st M red as a whole on or aft Jan 1 1930 at 105 & Int
Secured notes $5,000,000 red 101------------- IC .xc
Secured notes $2,666,660___________________________
Secured gold notes 82.500,000 call 101_____ C eC .c*
Secured gold notes $750,000________________________
-Kansas City Viaduct & Term— 1st M g s f (text) c*& r
Kansas & Colorado Pacific—;See Missouri Pacific R y . .
Ken & tnd. Term R R — 1st M guar (see text) G.xc*&r
162
Keokuk & Dcs Aloines— Preferred stock................. "
First mortgage Interest guaranteed C R 1 P ____ c*
162
K e o k u k & Ham B on d h olders Co— Conv Inc deb n-c
Secured notes callable any Int a ate________________
37
Kewaunee tirecn Bay & Western— First m tge— F.xc
Knoxville & Ohio—-See Southern R y .
La Crosse & S E Ry— 1st M $1,000,000 g red 105 _ ._ z
41
Lackaw RR of N J— Stkauth $12,000,000 gu 4% dlv
31
L E F rank & C la rion R R — 1st M $1,000,000 g - - F P
Lake Erie & Detroit River— See Pere Marquette R R .
Lake Erie & Pittsburg— Stock rental guaranty-------28
First m tge $15,000,000 g guar unissued--Q.xc*&r*
$100
1,000
8
1903
low.
gton
1897
&
fc
1900
1909
1912
1910
1915
1915
1916
1916
1905
1911
1878
1915
1891
$5,000,000
1.288.000
v. t. c.
4g
A
‘“ 'Sd
&
Oct 1911 coup last paid
O Apr 11953
fc
Treas Ofl. Kan C ity. Mo
fc
Checks mailed
New York Trust Co, N Y
do
do
Blair
Co, New York
F
A Aug 11927
150,000
4
30,000.000
2 1 ,000,000 4 In 1916 Q— J Jan 15 1917 1%
A & O A pr 1 1950
30,000,000
3g
J A pr 11950
18.000,000
5g J
992,000
5 g J & D T o Dec 15 1924
1,200,000
J Jan 1 1960
4g J
33,094,000
1,000
M & N N o v 15 1918
5,000.000
1,000
444
M & N N o v 30 1917
2 ,000,000
64*
2,500,000
1.000
444 8 J & J July 1 1921
J & D Dec 15 1917
750,000
4
3,302.000
1,000
444 J & J Sept 1 1934
100
100
1,000 &c
1,000 &c
1,000
fc
fe
e
£100 £1,291,000
444 g J & J Jan
100 $1,524,600 See text See text Apr
A
O O ct
2,750,000
5
100 &c
1 ,000,000 Up to 2 44
A & 0 1945
386,000
6
J
DJune
408.000
6
1.000
&
1904
1,000
1913
1,666
300.000
10.750.000
864,000
1915
100
1,000 &c
4.300.000
3,540,000
5 g
4
6 g
5
444
A
J
1 1961
1 1915 2
11923
D June 1 1965
N ew Y ork and Chicago
N ow Y ork and Chicago
see text
London&M organ, G & Co
since April 1 1915
First N at Bank. N Y
3% paid July 1910
y None
i
fc
1 1921
fc O Oct 1 1944
Q— J Jan 2 1917 1%
& D Dec 1 1953
J
B fc
&
N Y Boston & Chicago
do
do
Office. 40 W all St. N Y
La Crosse, Wlso
Del Lack A Western R R
Farm Dop N a t Ilk , Pitts
New York
42.74 miles yard tracks and sidings in and about Louisville. Sou. R y ., B alti
more
Ohio and Chic. Ind. & Loulsv. own tho $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, o f which £1.291.000 guar, by tho threo propriotary cos.,
were issued to retire tho $2,136,600 old bonds and for new construction; re
mainder reserved for future purposes. V . 92, p. 187; V. 91, p. 589, 214, 38:
V. 92, p. 201, 1032; V. 93. p. 469; V. 95, p. 1403; V. 102, p. 437.
Pres., H . W . M iller. Atlanta. Ga.; Sec., C . R . Arnold, Louisville: Treas..
H . D . Ormsby.— (V . 95. p. 1403: V . 97. p. 621; V . 102, p. 437.)
K E O K U K & DES MOINES R Y .— Owns from Keokuk. la ., to Dcs
Moines, la .. 162 miles. Leased for 45 years from Oct. 1 1878 to the Chicago
Rock Island
Pacific R y ., the lessee paying 25% of the gross earnings and
guaranting the Int. (not the principal) on the bonds. Stock Is 51.524,600
pref. and *2,600,400 com. (par, 5100), a m ajority of which is held by the
lessee. Pref. entitled to sharo with common stock In any excess over 8% .
Suit over lease. V. 99, p. 49, 609, 969. E ffective July 1 1915 under court
order, property was operated separately and O. R . I . « P . receiver Is mak
ing no payments on account o f guaranteed Interest, such interest being
paid. If earned, by the company. A bondholders’ protective committee
(F . J. Lisman, Chairman) was formed in Aug. 1915. Oct. 1 1915 and A pr.
and Oct. 1 1916 interest was paid at m aturity. V . 101, p. 527, 1092. H er
bert II. Clark, 66 B ’way, N . Y ., represents stockholders, com. and pref.
J. E . Gorman is chief executive officer. See V . 101, p. 1014.
D IV S . \ ’02. '03. ’04. '05-’07. ’08. ’09. ’ 10-’ 12. '13. ’ 14. 1915.
N one
On pref.% f 1
2 144 N one 14* 1 244 y 'ly 344 344A p r ,244 slnco.
Rental: In 1913-14, $186,306: 1912-13. $187,074; 1911-12, $176,993
1910-11. $179,565; 1909-10. $173,709.— V.100.p.2085: V.101.p.l014. 1092.
K E O K U K & H A M IL T O N B O N D H O L D E R S ’ C O .—
Incorporated in M a y 1914 with $100,000 authorized stock, o f which only
a nominal amount to be Issued at present, to acquire (per plan V. 99, p.
1920, the bonds of the Keokuk
Hamilton Bridgo Co., which owns bridge
across Mississippi River at Keokuk, la ., used by Toledo Peoria & Western
and Wabash RRs. and foot passengers, and assist it In rebuilding the bridge.
Reconstruction has commenced.
The $1,000,000 30-year convertible non-cum. Income debentures, to bear
Interest at not to oxceed 244% per annum, havo been exchanged $ for $ for
the Bridge Co. bonds. Holders o f Bridge bonds subscribed for an Issue o f
$400,000 o f 30-yr. 6% secured notes secured by the bonds, tho proceeds o f
which are being used to rebuild tho bridge.
The income o f the new co. is to be applied, first, to paymont of Interest
on the 6% secured uotos; second, to a special Interest fund on tho non-cum.
Income debentures, and, third, to retirement o f the notes by lot at par and
Int. or by purchase at less than par (theso by Increase In traffic it Is expected
Balance, surplus__________________
$891,716
$300,431
$885,44g to retire in a reasonable tim e). Upon such retirement the notos o f the
D IR E C T O R S .— Chairman L . F . Loreo, Pres. J. A . Edsoti, Kansas C ity, Bridgo Co. w ill bo roturned to tho debenture holders. Tho debenture cou
M o .; Hermann Slelcken. J. A . Blair, W . T . Rosen, Andrew J. M iller, pons for $15 each aro paid whenever tho special interest fund is sufficient^
W . G. Street, VV. H . Williams, Arthur Turnbull, Samuel M cltoberts, B. S.
E A R N IN G S o f Keokuk & Hamilton Bridgo Co. year ending Juno 30
Guinness and Jas. F. Stillman, of N ew Y ork; John J. M itchell, o f Chicago
1916, gross, $59,782; net, $38,828; Interest, $36,822; taxes, $4,909. Pres.,
S. W . Fordyce, o f St. Louis; Edward F. Swlnnoy, Kansas C ity, M o
Andrew Carnegie; Treas., Thoodoro Gilman, 55 W illiam St., Now Y ork.—
Secretary is G. C. Hand. O ffice, 25 Broad St., N . Y . — (V . 104, p. 73,452.)
(V . 95, p. 818; V. 99, p. 120.)
K A N S A S C I T Y T E R A H N A L R Y .— Has built a passenger depot and
L A CROSSE & SOUTHEASTERN R Y .— Owns L a Crosse and Southeast
freight and passenger terminals at Kansas City, Mo., with approaches, ern Jet. to Vlroqua. W is., 40.81 miles: trackage La Crosse and S. E. Jet. to
to be controlled by 12 proprietary cos., viz.: Chic. R . I. & Pac.. Atch. Top.
La Crosse, 1.8 miles: total, 42.61 miles.
Stock authorized. $1,000,000:
& Santa Fe, Chic. M llw.
St. Paul, Chic.
A lton, St. Louis
San Fran., outstanding, $955,000: par, $100. Bonds. $1,000,000; auth.; outstanding,
Union Pacific, Wabash, Chic. Burl. & Quincy, Mo. Pac., Missouri Kan.
$300,000. Wisconsin Trust
Security Co. o f Milwaukee, trusteo. June
Tex., Kan. City Southern and Chic. Gt. Western, which will pay equally 30 1915, loans and bills payable outstanding, $91,115. V . 80. p. 222.
any excess o f fixed charges. V. 89. p. 1671. Has 136 miles now built Year ending Juno 30 1916, gross, $90,187; not, $25,189; int. on bonds
o f main and Industrial railroad tracks, 4 local freight stations, passenger, $15,000; taxes. $4,026; bal., sur., $6,163. Pres., John It. M cM illan ,
freight and switching yards, &c., and union passenger station. V. 90, Minneapolis, M in n.; V .-P ., A . S. Cargill, Milwaukee, W is.; Sec. & Treas.,
p. 627, 630: V. 91, p. 1386; V. 96. p. 135; V. 98. p. 1244; V. 99, p. 1130; Jas. B. Taylor, Minneapolis, M in n ., and Aud., S. J. Lennon, La Crosse.
V . 101, p. 628.
Wis. Offico, 30044 M ain St., L a Crosse, W is.— (V . 80, p. 222.)
In N o v . 1916 lot contracts for $3,000,000 double-decked viaduct over
L A C K A W A N N A R R . OF N EW JER SE Y.— (See
K a w V alley bottoms to connect with (1) Un. Pac. and Ch. R . I. & P. Rys.;
Owns from Hopatcong, N . J., to a point near Portland, Pa., 27.44 miles,
(2) M o . Pac. and Ch. Grt. West. V . 103. p. 1980.
opened Deo.1911, D .L . & W .leases tho road for a guaranty of 4% on tho
O f the 1st 4s ($50,000,000 a u th .), $12,375,000 are plodged to secure notes stock. V . 93. p. 1324, 1786; V . 92. p. 650; V . 90, p. 557; V . 88, p. 558;
and $4,531,000 are reserved for additions and impts. V. 90, p. 559, 627; V. 86, p. 543. Stock outstanding, $10,750,000, was distributed in Dec.
V . 91. p. 1386; V. 92, p. 395; V. 93, p. 164; V. 96, p. 135, 202; V . 98, p.
1911 as a dividend to the D .L . fc W.stockholders.— (V . 93, p. 1786.)
1244, 1316; V . 100, p.733. In April 1916 $750,000 wero sold. V. 102,p.l540.
L A K E E R IE F R A N K L IN & C L A R IO N R R .— Owns Suramorvlllo to
In N o v. 1915 $5,000,000 3-year 444 % notes wero sold (secured by deposit
o f $6,750,000 1st 4s), callable at 101 and int. V . 101. p. 1713. On N o v . 30 Clarion, Pa.. 15 miles; branch, StratlonvllIe t,o M ill Creek, P a ., 3.10 m.:
1915 issued $2,000,000 2-year 5M % notes (all owned by the Union Pacific other branch. 1.67 m.; trackage. Sutton to Franklin. I’ a.. 47.9 m.; total,
June 30 1916) secured; by $2,500,000 1st M . 4s; also in Juno 1916 $2,500. trusts Sept. 1915, $72,000. For year ending June 30 1916, gross, $149,
000 5-year 444 % notes secured by $3,125,000 1st M . 4s, to retiro $2,500,000 381; not, $55,203. 1915, gross, $139,821; net, $52,458; other income.
$2,242; int., taxes, &c., $51,078; bal., sur., $3,622. Pres., Gen. Charles
Kansas C ity Belt R y . j s t 6s, due July 1 1916. V . 102. p. 2254.
Dec. 15 1916 $750,000 1-year 4% notes secured by $900,000 1st M . 4s. M iller, Franklin, Pa.; V.-Pres., T . J. Odell, N . Y .; Treas., H . I I . Hughes.
Pres.. Wm. M . Corbett; Sec., S. \V. Moore; Treas.. E. P . Swinnoy.—■
L A K E E R IE & P IT T S B U R G H R Y . — Owns 27.76 miles between M arcy
(V . 101, p. 1628. 1713; V . 102, p. 1540, 2166. 2254, 1980.)
at a connection with Cleveland Short Line lty . (now N ew Y ork Contral
K A N S A S C IT Y V IA D U C T & T E R M IN A L R Y .— Company owns an R R .) and Brady Jet. on Penna. R R .; was opened Oct. 15 1911. V . 98,
unoperated elevated railway and highway viaduct from BlutI and 6th Sts., p. 1241. Jointly owned by N . Y . Central R R . and Pennsylvania C o.,
Kansas C ity , M o ., to Minnesota A ve. and 4th St., Kansas C ity . Kan., which have trackage rights over tho road, rental providing for intorest and
with branch viaduct to lnterlying railroad and manufacturing districts. 5% on stock. Stock auth.. $6,000,000, as increased in M a y 1911; outstand
M ain structure completed 1907, 1.6 miles. V. 82, p. 160; V. 84, p. 271, 931. ing, $4,300,000, o f which tho Pennsylvania Company and Now Y ork
In M a y 1910 negotiations for a sale o f tho property to Kansas C ity, M o ., Central R R . each owned on June 30 1916 $2,150,000. O f tho bonds
($15,000,000 authorized issue), $3,540,000 50-year 5s to be guaran
for $2,000,000 or $2,500,000 wero said to have been started. V . 102, p.1987.
teed jointly by tho N ew York Central and Pennsylvania Co., were
STO C K .— Stock outstanding, 53.447.700 (par $100).— (V . 94, p. 416.)
B O N D S .— Equitable T r .C o ., N . Y .. and Fidelity T r . C o.. Kansas C ity , authorized to be Issued to take up $4,300,000 444s. which were Issued for
trustees. July 1909 to Jan. 1911 coupons funded Into cumulative Income construction and were all owned Dec. 31 1914 by the two guarantor cos.
V. 101, p. 694; V. 103, p. 320.— (V . 101, p. 527, 694; V . 103, p. 320.)
bonds. V. 90. p. 1101; V. 92, p. 1564.
— In Oct. 1915 over 75% of the 1st 4 44s and Income
L A K E E R IE & W ESTERN R R .— R O A D .— Owns Sandusky, O.. to
bonds had been deposited with a committee under an extension running
Peoria, 111., 413 miles; branch to Minster, 10 miles: branch, Indianapolis to
to Jan. 1 1918 (RIcnard O. Storey o f Boston. Chairman; Equitable Trust Michigan City, 159 miles; Fort W ayne to Conncrsvlllo and brunch to RushCo. o f N . Y ., depositary; W m . G. Dooley, 25 Broad St.. Sec.). V. 92.
vllle, 128 miles: total owned, 710 miles; lcifses Northern Ohio R R ., Akron
p. 187; V . 96, p. 285; V. 96. p. 1772; V . 101. p. 527.
to Delpbos. 162 miles; trackage, 28 miles; total operated. 900 miles.
Pres., J. W . Reinhart; Treas., U . S. Corwin; Sec., Howard Ross.— (V .
H IS T O R Y , fee.— See V. 50, p. 590; V. 85, p. 600. N . Y . Central R R .
102. p. 1987.)
owns $5,940,000 com. and $5,930,000 prer. stock. V . 71, p. 1269.
„„
D IV ID E N D S .—
1’99. '00. ’01-’03. '04. '05. '06. '07. '08. to '15
K E N T U C K Y & IN D IAN A TER M IN AL RR.— Owns 2-track steel
2 4 yearly 3
3
3
2
none
•
bridge over Ohio R iver at Louisville and 16.44 miles main track and On preferred............... %/ 0
K A N S A S C IT Y SH R EVEPO RT & (1ULF T E R M IN A L CO.— Ownsunlon
depot at Shreveport. La . Including 1.16 miles of yard and terminal track.
Stock, 5150,000, all owned by Kansas City Southern R y . Bonds, Pioneer
Trust Co., Kansas City, trustee. Year ending JuneJ50 1916, gross, $28,816:
net. $9,027; Int.
tax., $8,871, bal., sur., $253. Office, Kan. C ity, Mo.
K A N S A S C IT Y SOUTHERN R Y .
.)— Operates a line extendng from Kansas C ity, Mo., to Port Arthur, T ex., thence by Its ship canal:
7 in., to deep water on Gulf of Mexico, with branches and extensive ter.
mlnals used by various roads entering Kansas C ity. Total mileage 841, viz
—
—
Kansas City, Mo., to Belt Ju n e.. 12 Branches to F ort Smith, De
Quincy, L a ., otc______________48
Grand View, M o., to Port A r
— T o Gr View Mo etc 16
thur. Texas____________________765
Also owns entire $650,000 each of stock and bonds of Arkansas Western
R y ., Waldron to Heavener, Ark., 32 miles, operated separately; also con
trols K . C. Shreve.
Gulf Terminal Co. V . 83, p. 38. 492.
O R G A N IZ A T IO N .— A reorganization of Kan. C Pitts.
Gulf R R ., fore
closed in 1900 per plan In V. 69, p. 1012, 1062. V . 73. n. 1356: V. 74. p. 94,
V . SO, p. 1971; V. 81. p. 559; V . 84, p. 1366; V . 8 8 . p. 376.
On Feb. 21 1916 the U. S. Supreme Court held tho company liablo to the
Guardian Trust Co. o f Kansas C ity, as trusteo for $821,623 and intorest
on loans made by predecessor cos. in 1899 and 1900. Settlement made from
surplus earnings. V . 102, p. 976. Valuation in 1916, V . 104, p. 73, 452.
S E C U R IT IE S .— As to the $21,000,000 "re f. and Im p ." bonds o f 1909.
see V . 8 8 . p. 1128. 1253, 1437; V. 89. p. 104; V . 90. p. 167: V . 92. p. 322.
395.461.795; V. 95. p. 1472; V. 100. p. 1832; V. 101, D. 2144. Decision on
Kansas C ity Suburban Belt R y . notes. V . 97, p. 1663; V . 98, p. 1459.
D I V I D E N D S — First dlv. on prer. stock, 4 % . paid July 1 1907 out o f
earns, for 1906-07: Oct.,
1908 to Jan. 1917. 4% (Q .-J.).
L A T E S T E A R N IN G S .— 11916........Gross, $6,034,544; net, $2,201,330
6 mos., July 1 to Dec. 31.11915_____Gross, 5,328,850; not, 1,934,925
R E P O R T for 1915-16 at length was in V . 103, p. 1115, 1128:
—--------------------------------1915-16.
1914-15.
1913-14.
Tota l gross receipts........................... $10,583,630 $10,035,896 $10,970,403
6,478,821
Operating expenses___________________ 6,361,722
6,910,321
3,557,075
N e t earnings________________________
4,221,909
4,060,081
3,727,994
4,257,496
Tota l net income____________________ 4,416,357
574,316
561,990
567,857
Taxes________________________________
1,756,590
1,765,743
Interest on bonds, & c_______________
1,803,566
256,657
198,447
Miscellaneous_____________
319,086
840,000
840,000
Dividend on preferred stock (4 % )___
840,000
&
9
c
—(S e M
e ap
Lin O n d
es we
M
iles.
L es O n d
in we
M
iles.
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fc
fc
&
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fc
fc
fc
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D L. & W M
.
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P
rotectiveC m itte .
om e
73
RAILWAY STOCKS AND BONDS
Ke b ., 1917.]
RAILRO COM
AD
PANIES
[F a b v tio s Ac., sen te o first p g ]
or b re ia n ,
e osn
ae
A ou t
m n
R te
a
a
M
iles D te Pa
r
R a Bn s V lu O ts n in %
o d o d a e u ta d g
$100
710
Lake Erie & Western— Common stock $20,000 p m . .
100
Preferred stock 6% (not cum) ($20,000 per m ile )..
710
1,000
710 1887
1st M ($10,000 per mile, see V 46, p 46) g -.C e .x c *
1.000
710 1891
2d M (V 64, p 444) $3,625,000 ($5,000 p m ) gC c.xc*
1917
Equipment trust duo $110,000 yea rly___________ CP
Contr al R R .
L a k e S hore & M ichigan S ou th ern — See Now York
100 &c
24 1911
Lake Super
I slip— 1st M $1,400,000 ser red lO l.x c
1,000
Lake Tahoe Ry & Tr Co— 1st M g $500,000 s f beg 1905
17 1901
1,000
Lansing Manufacturers— 1st M serial Interest ren ta l..
8 1905
Laram ie Hahn s Peak & P a c ific R y — See Colorado Wyom ing & Eastern
1,000
1906
Las Vegas & T o n — B. A G . I s t M g s f d calll02 M FP
1,000
1914
2d M (held by Las Vegas A Tonopah) g o ld ______
1,000
3 1893
Leavenworth Terminal Ry & Bridge— 1st M g s f.Ccx
100
Lehigh & Hudson River— Stock $1,340,000__________
1.000
6.3 1887
Second mortgage gold_____________________________ z
1,000
74 1890
Leh A Hud R lv gen M $3,000,000 g (sec text)Ce.xc*
1907
1,000
Debentures $400,000 red 105 since N ov 1911_____ x
50
L eh igh & N ew E n gla n d — Stock___________ _________
1S95
1,000
First mortgage 81,000,000 gold______________ FPx A ll
1,000
196 1914
General m tge $15,000,000 g red 105____ G u P.kc*
1,000
1908
Equip tr ser A g gu red 102 M due $30,000 yrlyOuPx
1911
1,000
do
ser 1 g gu red 102
3
due $45,000 yrlyGuPx
1,000
1913
do ser O guar gold red 10234 $35,000 y rly .O u P x
1914
1.000
do ser 11 due S 10,000 yearly g u a r . P e P - x c *
1,000
1916
do ser E due $55,000 yrly (guar) (V. 103,p.1405) P e P
50
Lehigh Valiev— Common stock $80,000,000---------(ip
50
Preferred stock 10% (V 79, p 151, 269)- - - - - — Of
1,000
286 1868
First mortgage extended In gold In 1898.GP.xc&r
1,000
Consolidated M lcou pA reg $4,762,000 4348 ..x c & r l
1 1873
317/ 1873
1,000
$40,000,000 /annuity $2,538,000 4 34s
FPx/
317 1903 1,000 &c
General Consol m tgej $150,000,000 g o ld ..a P x c * & r
317 1903 1.000 &c
Coll trust bonds $500,000 due s a. sec textG P .xc’ &r
1905
1,000
Equip trusts g due $250,000 s-a Scries J ----Usm.xc*
. . . 1907
1.000
—
Lehigh A N Y^ 1st M gold guar p & I----- M p.xc*Ar
115 1895
1,000
Lehigh Valley R y 1st M g gu p
I (end) G P .xc*A r
514 1890
1,000
Lehigh
Lake E 1st M $3,000,000 g Usm .xc*Ar__
11 1907
1.000
$11,840,000
11,840,000
7,250.000
3,625.000
1,100,000
5g
5g
4
J
J
J
J
890.000
500,000
60.000
6 g
5g
5g
J
A
&
_
_
H
B n s of C n lle P erties
od
o tro d rop
S
c
S
c
We L s D en P ce We In re t a d
h n a t ivid d la s h re te s n
P y b a dM rity D en s a P y b
a a le n atu
ivid d re a a le
Ry
182,000
68.000
550,000
1,340,000
164.000
2,587,000
400,000
6,000,000
1,000.000
4, 000,000
210.000
475.000
410,000
520.000
800,000
60.501,700
106,300
5,000.000
10,400,000
12,600,000
26,639,000
20,697,000
7,944,000
500.000
J Jan 15 1908 1% Office, Gr Cent Ter, N Y
J|Jan 1 1937
Chase National Bk, N Y
J July 1 1941
do
do
J Jan 1 1918 to ’27
F
&
A
y
2
A
&
A
&
A
AlPeb ’ 18-Feb ’31 Clt Sav A T r Co, Cleve
0|Oct 1 1931
Merc Trust Co, San Fran
J July 1 1920-30 Union Trust Co, Detroit
J & J Jan 1 1922
6 g
.1 & J July 15 1921
6 g
.1 A
.1Jan 1 1923
5g
See text .1 & D D e c l5 1916 6%
.1 A .1July 1 1917
5g
J A
5g
J July 1 1920
4
M A N July 1 1920
See text
Sept 30 '16. 2%
.1
J July 1 1945
5g
J & J July 1 1954
5g
4 M g .1 A 1) T o June 1 1923
4M
M A N To May 1 1926
4M
A T o Feb 1 1928
M A, S T o M ch 1 1929
4H
A
4M
A O T o A pril 1 1931
Q— J Jan 13'17 2M %
10 in T5
Q— J Jan 13 T 7 2M %
10
J A D June 1 1948
4 g
4M A 6 J A D Dec 1 1923
4M & 6 J A D Irredeemable
M A N May 1 2003
4g
4M B M & N M a y 1 2003
F A A Aug '17-Feb 26
4g
4M g M A 8 Mar'17-Sept '17
2,000,000
15,000.000
3,000,000
S
c
V S
c
M
4 g
4M g J
4M g M
A
A
A
s Sept 1 1945
J July 1 1940
8 Mch 11957
F idelity Trust C o, Phila
do
do
Central Trust Co, N Y
W arwick, N Y
l lr v N a t B k .N Y ,a n d 1st
/ N at Bk,Warwick, N Y
Irving N at Exoh Bk N , Y
Philadelphia office
437 Chestnut St, Phila
Guar T r & S D Co, Phila
do
do v
do
do
Penn C o for Ins. A c. Phil
Phila, Penn Co for Ins,&c
Checks mailed
do
do
C o’s office, 228 So 3d St.
Ph il, and J P Morgan
A C o, N ew Y ork
I,
Co's office. Philadelphia
O f.P h il.& J P M & C o .N Y
do
do
do
do
B O N D S .— Guarantees 5s N or. Ohio, which see. Equip. 434s. V . 104,
Pres., Samuel D . Warriner; V .-P . & Gen. M g r., R . H . W ilbur; V .-P . A
Gen. Counsel, W m . Jay Turner; Sec.
Treas., Henry H . Pease; Com pt.,
p. 256.
E A R N IN G S .— 6 m os.,(1916............Gross, $3,936,337; not, $1,357,691
E . M . Reynolds. 437 Chestnut St.. Phila., Pa .— (V . 101. p. 1009, 1370;
July 1 to Dec. 31.
11915............Gross, 3,473,507; net,
995,534
V . 102, p. 976, 1060; V . 103, p. 1405, 2078. 2156.)
R E P O R T .— Report for year end. Dec. 31 1915, V. 102, p. 1535.
L E H IG H V A L L E Y R R .—
July 1916,1.444 miles,viz.:
—
143
Main Line (fee, or all stock ow ned), I L ea se d ________________________
1915........... $6,239,647 S I,445,241 $126,562 $1,055,253 sur.$516,550
Jersey City to Buffalo________ 446|Trackage____ _________________
46
867.402 123,474
1,218.750
def. 227.873
1914........... 5.602,771
Branches (fee or all stock own’d ) . 809!(2d track 596 miles)
— (V. 100, p. 1341: V . 102, p. 609. 1436, 1535: V . 104, p. 256.)
H IS T O R Y , ETC .— The Drexel-Morgan Interests, It Is understood, have
L A K E S U P E R IO R & IS H P E M IN G R Y .— Owns Prcsquo Isle (M a r a preponderating voice In the management. A syndicate represented by
quette) to Islipeming, M ich., 26.30 miles; branches, 10.07 miles; total,
Kuhn. Loeb & Co. In July 1910 acquired a large Interest. V . 91, p. 276.
36.37 miles. Also owns large docks at Presque Isle Harbor. Controlled
The Lehlgh-Buffalo Terminal R y . Corp., all o f whose securities ($50,000
by Clovoland-Cliffs Iron Co. Stock, $1,000,000; par, $100. O f the serial stock and $5,000,000 5% 50-year debenture bonds auth.) will be owned, is
6s o f 1911 (S I,400.000) $70,000 mature yearly; they are redeemable, all or building a new passenger terminal at Buffalo. V . 102, p. 153: V . 99, p.
any, on any int. day in reverse o f numerical order at 101. V. 92, p. 1636; 467; V . 100, p. 397, 733, 1257, 1672; V . 101, p. 455; V. 103, p. 2341.
V . 93, p. 229. For year ending Juno 30 1916. gross, $802,590; net, $292,
Lehigh Valley Harbor Terminal R y . was incorporated in N . J. on
352; other income, $14,255; int. on bonds, $68,130; rental, Ac., $9,683; March 10 1916 with nominal ($100,000) capital stock, to establish an ex
bal., sur., $228,794. Car trusts out Juno 30 1916, $250,000; loans and tensive terminal development with piers, &c., on somo 400 acres o f water
bills payable, $132,000. Pres., W m . G. Mather, Cleveland, Ohio.—
front and underwater land at or near Jersey C ity. A ll its obligations
(V . 96, p. 790.)
($2,976,336 5% notes) were held Juno 30 1916 by Leh. Val. R It. V. 103.
L A N S IN G M A N U F A C T U R E R S ’ R R .— Leased to M ich. Cent. R R .
p. 587; V . 102, p. 1060, 2166; V . 103, p. 2155.
L A S V E G A S & T O N O P A H R R .— Owns Las Vegas, N e v ., to B eatty.
C O AL P R O P E R T Y .— The Lehigh Valley R R . Co. owns all the ($1,965.
118 miles. In June 1914 an arrangement was mado with the Bullfrog- 000) stock of the Lehigh Valley Coal Co. (V . 81, p. 1726). Annual report
Goldfield R R ., under which the road between Beatty and Goldfield Is to be lor 1915-16 In V. 103. p. 574. Purchase In 1905 of Coxe Bros., see "Bonds.”
practically re-constructed. T h e Las Vegas & Tonopah R R ., in return for
The Coal Co. shipped from collieries owned and controlled 8,103.187 tons
Its guaranty o f tho $199,000 Bullfrog-Goldfield 1st M . bonds and transfer of anthracite coal In 1914-15. against 8,088,901 tons in 1914-15; total coal
of part o f Its line between Beatty and Goldfield, received 51 % o f tho Bullfrog and coke tonnage 1915-16 was 17,418,333.
company’s stock ($1,640,000 as reduced) .p e r plan, V . 99, p. 1538. Stock
In Jan. 1912 the Lehigh Valley Coal Sales C o. was incorporated. See
auth., $4,000,000: outstanding. $1,500.000; par $100. Working liabilities, extra dlv. below and Lehigh Valley Coal Sales C o. under ^
’Industrials.”
a tla st accounts $1,679,753. N o bonds.
*
V . 94, p. 123; V . 92. p. 956; V. 95. p. 487, 478.
E A R N IN G S .— 6 mos-.f 1916............. Gross, $62,471; not loss, S6.012
On Dec. 21 1914 the lower Federal Court dismissed the suit brought by
July 1 to Dec. 31.
11915— . . - - - G r o s s , 71,513;
net, 13,134 the Government against the company and Its subsidiaries and the Lehigh
For year ending Juno 30 1915-16, gross, $142,108; not, $21,735; Valley Coal and Coal Sales companies for alleged violation o f the anti-trust
1914- 15 (118 miles), gross, 3134,959: not $20,125; other inconlo, $7,331; law and commodities clause o f the Inter-State commerce law. V . 98. p.
charges, $36,729; bal., def.. $9,272. Pres., J. Ross Clark; V.-Pros., 912, 1920: V . 99. p. 1910. Also see Central R R . o f N . J. in V. 101. p. 14651
O. O. Whittemore; Sec. A Treas., W . I I . Comstock. Office, 583 Pacific Government has appealed. V. 103, p. 1118; V. 102, p. 1346. Steamship
Electric Building, Los Angeles, Cal.
case, V 101, p. 2145; V. 102, p. 609. 1896.) Th e company’s freight service
B U L L F R O G -G O L D F IE L D R R .— Beatty, N o v ., to Goldfield, N o v., 80 on the Great Lakes was resumed on April 22 1916. v . 102, p. 1626, 1896.
miles. In .Tune 1914 control was obtained by Las Vegas & Tonopah R R .,
D IV S .
/’94-’03. '04. ’05. ’06. ’07-T0. I1 -T 3 . T 4 . 1915 to Jan 13 1917
duplicate lines being abandoned. See abovo; V . 99, p. 1536. Year 1915 Slnce’93 (% )1 None 1
4
4 6 y ’ly. lO y rly Below 10 (2 M % Q-F)
16, gross, $142,516: not, $38,708. 1914-15. gross, $126,596; not, $25,326;
In Feb. 1912 also an extra cash dividend of 10%, applicable If de
other income, $7,413; int., taxes, &c., $26,556; bal., sur., $6,183.— (V . sired to subscription for stock o f new Leh. Val. Coal Sales C o. V . 94. p. 123.
98. p. 1918; V. 99, p. 1536.)
’
v
In Jan. 1914, 5% (seml-ann.): A pril. 214% (quar.): July and O ct.. 2 M %•
LE A VE N W O R TH T E R M IN A L R A IL W A Y & B R ID G E .— Owns high
B O N D S .— Gen. Consol. M tge. o f 1903 is for S I50,000,000 bonds, bear
way and railroad bridge (opened Jan. 1 1894), 1,110 ft. long, over Missouri ing not to exceed 5% Int., covering tho entire road, tho stock o f the Lehigh
River at I.eavenworth, Kan., and valuable terminal property In that city.
Valley Coal Co. and other stocks owned. On Juno 30 1916 there were
In July 1910 the Chicago Great Western acquired the entire stock, but docs outstanding in tho hands o f tho public, $20,697,000 414s and $26,639,
not guarantee or assume bonds. V . 91. p. 214, 397. Kansas City St. 000 4s; in treasury, $1,000,000 4}4s and $13,000,000 4s; reserved ( « )
Joseph & C. B. (Chicago B. & Q.) and Chic. R . I. A p. use the bridge at an to retire underlying bonds, $76,664,000. and for additions, &c., $12,
annual rental of $16,000 each, under a 30-year contract from 1894, with 000,000. these last being issuable at not exceeding $2,000,000.a year.or
option o f 30-year extension. Chicago Great Western R R . also uses tho larger amounts as may be authorized by stockholders. Old bonds may,
brklgo under a contract expiring in 1924, tho annual rental being $12,000. however, be extended, if necessary, for not over tw o years. Provision may
Stock, $600.000.— (V . 9 , p. 397.)
* *
be made at time o f tssue o f bonds thereunder for right to convert into stock
LEHIGH & HUDSON R IV E R R Y .— Owns from Maybrook on Central at pleasure o f holder not over $25,000,000 at any one time outstanding.
V. 103, p. 586: V. 102. p. 1346, 1436; V . 97. p. 1823, 1898; V. 99, p. 477:
New England R y. to Bclvlderc, N. J., on the Penn. R R ., 73.9 miles; and
V. 77. p. 824; V. 78. p. 287: V. 79, p. 1642; V. 82. p. 1380; V . 86, p. 1343;
rrom PhDllpsburg, N . J., to Easton, Pa., .70 miles; trackage, Penn. R R .,
Belvldere to Philllpsburg, 13.3 m.; D. L . A W . trackage, Andover je t . to V . 88. p. 1372: V . 81. p. 211.
• The purchase o f stock o f Coxe Bros. & Co. ($2,910,150) (V . 103, p. 587)
Port Morris, N . J ., 8.7 m.; total operated, 96.6 miles. V. 79. p. 269: V. 94.
p. 416. Divs.. 4% 1912, 1913, 1914; 8 % In 1915 4 % & 4 % extra Juno 1916. and o f Dela. Susq. & Schuylkill R R . in 1905 was financed bj’ an issue o f
$19,000,000 coll, trust 4% bonds, to be retired by $500,000 semi-annual In
and 4% and 2% extra in Dec. 1916.
stallments beginning Aug. 1907 and secured by deposit o f those stocks with
BONDS.— Of the $2,587,000 gen. mtge. bonds out. $1,002,000 are guar. trustoe. Bonds subject to call as a whole at 102J4- beginning Aug. 1912, or
Jointly, p.
I., by Central R R . of N . J. and Leh. Coai & N a v. Co. and In order o f serial numbers. V. 81, p. 1175, 1242, 1376: V . 82, p. 100; V . 83.
$165,000 are reserved to take up prior Hens. V. 92, p.595. 1701. See p. 702; V. 84. p. 1428; V. 88. p. 452.
form o f guaranty, A c., In V . 67. p. 7S8; also V . 85, p. 1513.
Equipment trusts in treasury Oct. 2 1916: “ I f , ” $300,000; ” L , ” $1,200,
E A R N IN G S .— 6 inos.,|1916............... Gross, $1,128,529; net. $350,384
000; “ M ,” $1.400,000. Authorized but unissued, July 1 1916, “ O ,” $3,000,000: “ R ,” $2,400,000. V. 103. p. 587. 588.
July 1 to Doc. 31.
\1915............... Gross, 1,094,788; not, 437,161
In Oct. 1916 the company held $1,100,000 debentures in the treasury
A N N U A L R E P O R T .— For year ending Juno 30 1916, V. 103, p. 1789.
G U A R A N T IE S .—
— Owned Buffalo, N. Y .,
30
to near Sayre. Pa., 174.48 miles, double track, and branches, 339.74 miles.
1915-1 6 _____$2,109,857 $.825,217 $5,494 S350,338(12)$160.800 $325,425
1914-15____
1.816.585 571.554 3.590 315,652 (8)107.200 152.293 In all 514.22 m., covered by $15,000,000 mtge. of 1890. but In 1903 and
1905 consolidated with other sub. cos. and In 1907 absorbed the Lehigh
Lowis A . Riley, Pres., Phila., Pa.— (V . 103, p. 1687, 1789.)
Lake Erie. Stock, $11,745,000, all owned by Lehigh Valley
Mortgage
L E H IG H & N E W E N G L A N D R R .— Operates road from Hauto, Pa.,
abstract. V . 51. p. 114: V . 77. p. 147. 972: V. 81. p. 784: V . 84. o. 1366.
to Campbell Hall, N . Y ., 127 miles; Ilainesburg Junction, N . J., to
Edgewator, N . J., 60 miles; Bethlehem, Pa., to Benders Jet., Pa., 19 milos; In Juno 1916 was authorized to issue $1,100,000 debentures. V.103, p. 61.
.— Owned double-track road from
Bath, Pa., to M artin ’s Creek, Pa., 18 miles, and branches, 72 miles; total.
Juno 30 1915. 296 miles, o f which 9 m. are leased and 96 m. operated under Philllpsburg, N . J.. to Jersey City, and branches, with about 125 acres at
trackage rights, leaving 191 miles owned. V. 95, p. 1403. Lehigh Coal & Jersey C ity and a large water front, Ac. Total mileage. 122 miles. Stock
outstanding. $12,506,000, all owned by Lehigh Valley
which In 1914
N a v. Co. owns majority o f stock. V. 78, p. 1781, 1962: V. 91, p. 1386.
S E C U R IT IE S .— Stock auth., $7,500,000; outstanding, $6,000,000, o f leased It for 99 years. V. 77. p. 972: V. 53, p. 640, 880; V . 81. p. 784: V . 83,
p. 703; V. 98, p. 1845. 1920.
which $5,997,500 is owned by Lclilgh Coal A N a v . Co.; par, $50.
.— Stock and bonds mostly owned by Lehigh Valley R R .
D IV S .—
11913 1914
1915
1916 (cal. year).
See issue Oct. 1912 and V. 92. p. 527. 1109: V. 93. p. 811. 1106: V. 94.p.
Per cent-------- — l 4
8
8 & 3 extra IFeb., 2%; M a y, 2% ; Sept., 2%
419: V. 95, P- 488: V. 97. p. 373. In N o v . 1915 the lease was held taxable.
A c.— Of tho Gen. M . 5s of 1915 ($15,000,000 auth. Issue), $4.
000,000 Series A were sold to retire $2,650,000 old bonds, called for payment V . 101, p. 1807. Ownership o f basin in Jersey C ity . V . 102, p. 1060.
Oct. 1 1914 and Jan. 1 1915. and for additions and Improvements, $1,000,
.— Leased for 99 years from Dec. 1 1888 to
000 were reserved to retire the 1st 5s and $10,000,000 for futuro purposes. Lehigh Valley, which has assumed its debt and owns all its stock. Consols
N a v. Co. (V . 91, p. Include $4,000,000 5s. $3,000,000 4s. $1,500,000 4 Ms. V. 62, p. 950.
V. 102, p. 976, 1060; V . 99, p. 49, 674. Lehigh Coal
1386) guarantees car trusts A and B. V. 8 6 , p. 1343, 1409; V. 96. p. 63.
$500,000 gu.bds.: none sold June 1916. V . 79, p. 1271
E A R N IN G S .—6 mOS.,11916............... Gross, $1,563,822; net. $574,915
mortgage ($3,000,000) covers 11 m. double-track ter
July 1 to Dec. 31.
U915 --------- Gross, 1,796.458; not, 890,530
minal road at Buffalo. V . 81. p. 211: V . 83, p. 702. N ow a part o f the
R E P O R T .- Cal. year 1916 and year end. Juno 30 TO (V 103, p. 1405)
Lehigh Valley R y . Co. V . 84. p. 1248: V . 85, p. 312: V . 87. p. 817. 818.
,
E A R N IN G S .— 5 m o s .,(1 9 1 6 ........ Gross, $21,878,947; net, $5,729,269
July 1 to N o v . 30.
11915.........Gross, 20,436,891; net, 5,820,825
000 $97,771
1916
000 279,708
A N N U A L R E P O R T .— Fiscal year ends June 30. T h e report for 1915-16
1915'
000 212,947 also for Lehigh Valley Coal C o., was given In V . 103, p. 574, 585.
1914
S
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S o n e s to w & o
Brockway V. cr
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■OUCH:
.C o c h e to n
H o n e s d a le V t
I l a l l to n
Trout Run.
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iC a llic o o n
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Foot o f 0
P la n e
m b u rg
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F orks
>¥ F le m ln g r llle
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P H lt- A P '
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k eh en
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K a rth a u s
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P u n x s u t a w n e y \ _____
. M ilt o n
Eloonist),
Au gu sta,
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Wood
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Forest
lambing.
R A IL W A Y STOCKS A N D BONDS
■ g fl' e- \
^
jC a n is t e o
ROUTE)
N W Y R T C IC G
E OK O H AO
N o r w ic h
iM a r a t h o n
r|^& V VR ich ford
ilB
I
Q
B anod:
ir o c t o n
E Ev i l l e N ’
Mlddleburg,
RCO KLYr
PENN. n .
FITTSBURQ
'z R a tlin g B m
D uncannon
LEHIGH VALLEY
RAILROAD
lauphin
B la in
H A R R IS B U R i
f.
B a rto
ib a n o n
Hummelstoi
u /
lills b u r ^ .
R C A O I^ ,
>
Cornwall}
Ephrata^
($ -Q d t w > -— ^ ^
/ lid leo n 5f Manheim
V —
M a r ie t^ > ^ \
\
D o y le s T j
S a lf o r d
READ.
(T r e p t o n J c.
§ S t r e n t <
’ o tts tO w fiN
Farmingdale/A
__ _
v ~~\xBancaster
Y ork I
'r ^ ^ o l u m b i a N T
-~ -
[ F r e e h b l(^ E a t o n t o w ;
P H L L A p ffe ^ L A
^vC am d ca
,
IVol. 104
L in c o ln C o llie r y
N e w p o rt;
F e b .. 1917.J
RAILWAY STOCKS AND BONDS
75
a
RAILROAD COM
PANIES
M
iles D te Par
A ou t
m n
W n a ivid d la We In re t a d
h
a
s
ce
a e u ta d g R te P yele Lnt Da en PD senh rereteas bn
a b v tio s & sen te o first p g ]
b re ia n , c., e o s n
ae
R d Bn s V lu O ts n in
oa o d
a a a d M tu
b
rity ivid d a P y le
s
a
%
L eh ig h V a lley RR.— ( C n d d—o clu e ) p & 1end__Ce.xc*&r
$1,000 $10,000,000
JLotilgh Val Term 1st M g guar
28 1891
5 e A & O Oct 1 1941
Of.. Phil, & J P M , N Y
1,000
1880
6,000,000
[For
East & Am 1st M Phlll N J to Perth A m &c guar.xr
69
Easton & N or 1st M g guar by Leh V al_G P.xc*& r
13
Middlesex Valley 1st mtgo $600,000 gold___C e.zc*
29
Pa & N Y C an & R lt— Cons gu (text) (en d)__G P.xr
137
M orris 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*&r
do
Interest reduced_________________________ x
do
debentures_______________________
Delano L ’d 1st M g gu s f (V 90, p 1617)____ G P.x
Wyoming Valley Coal consol (now 1st m tg e )_____ x
Cons Real Est 1st M $2,600,000 (V 83, t> 7 0 2 ).. Usm
L ew isto n N ez Perce & E astern— 1st Ref. M text—
15
N e z Perco & Idaho 1st M red part yrly 105-CCxc*
Lexington Union Station— Preferred stock (see te x t).
16
L ig o n ie r V a lley R R — 1st M $300,000............ ......... x
12
Lim e Rock— Consolidated refunding mortgage gold.x
44
Litchfield & Madison— First mtgc $1,000,000 golu .x
Little Miami— Stk original gu 8% 99 yrs P C & St L . . . ___
___
■Special guaranteed betterment stock ($5,000,000)
___
General mortgage $10,000,000----------- ------L ittle Rock & Hot Sp West— See St Louis Iron Mtn & Sou.
32
L ittle Schuylkill Nav RR & Coal— Stock (rental guar)
81
Live Oak Perry & Gulf R R — First mortgage.......... x
155
Long island— Second (now first) mortgage----- -r ^ * 0
150
Consolidated mortgage (gold) ($3,610.000are5s)Ce.v
163
General mortgage g o ld -..........- - - - - - - - — Le.vc
...
Long Island R R M on ferry for $2,750,000 g Ce.zc*
18
2
76
19
6
21
316
Bklyn&Mont 2dM assu B
gold assum ed.Ce.vc*
Long Island & Flushing M go
New York Bay Extension 1st M ass $200,UUU----Montauk Extension $600,000 1st M assumed. .
Unified M gold callable at 110.............. -U sm .xc&r
1895
1892
1888
1892
1892
1912
1891
1887
1900
1915
1911
____
1913
____
1904
____
____
1912
____
1912
1878
1881
1888
1892
1892
1894
1880
1888
1887
1893
1895
1899
500 &c
1,000
1,000
100
100
1,000
1,000
1.000
1,000
1.000
100 &c
600 &c
100
1,000
1,000
1 000
50
50
1,000
5
51,000
4H g
200,000
5 g
8.500,000 4. 4 )4, 5
See text
4
See text
10
10,114,000
5 g
1,400,000
4 g
7,600,000
4
326,000
5 it
200.000
6
In treasury
4
See text
6g
105,000
8 g
388,000
4
300,000
6
400,000
4 g
1,000,000
6 g
4,943,100
8 3-5
4,546,650
4
1,070,000
4
50
2,487.950
5g
1.000
789,000
5
100 &c
268.537
7
1,000
4,731,000 4 & 5 g
1,000
3,000,000
4 g
1,000
1,494,000
414 g
1,000
332,000
4 g
1,000 al.135,000
5g
1,000
125,000
6
1,000
600,000
5g
1,000
650,000
5g
1,000
alOO.OOO
5
1,000
a315,000
5
$1,000 $5,660,000
4g
M &
M &
M &
A &
F &
F &
,1 &
.1 &
M &
J &
J &
F &
A &
J &
,T &
M &
J
&
M &
O --M
Q --M
M &
N May 1 1920
N N ov I 1935
N N o v 11942
<) A pr 11939
A Feb 6 '17, 2%
A Feb 6 T7, 5%
.1 Jan 1 1933
J Jan 1 1933
S M ch 1 1962
J Jan 1 1932
J July 1 1917
A Feb 1 1966
O Apr 1 1940
J T o Jan 1 1925
J Jau 1 1917 2%
N M a y 1 1943
J July 1 1929
N N o v 1 1934
10 M a rlO T7 21-5
10 M ar 10 1917 1%
N N ov 11962
Office, 228 So 3d St, Phil
do
do
Of. Phil ,& J P M &Co .N Y
Lehigh Valley R R . Phtla
Office, 228 S 3d St, Phlla
do
do
J P M organ & Co. N Y .
1 and Drexel & C o, Phil
Com pany’s office, Phlla
Go’s office, N Y & Phila.
Fidelity T r C o, Phlla.
I
N ew Y ork and Spokane
Chicago
Office. Lexington, K y
M ellon N a t Bk, PIttsb
Portland, Me
Central T r Co, N Y
Office, Fosdick Bldg, Cln
do
do
Farmers’Ln & T rC o, N Y
J
A
F
& J Jan 15 T 7 2J4 Office, 410 W alnut,Phlla
& O Ju nel 1942
Safe Dep & T r C o, B alt
& A Aug 11918
Treas Penna R R Co
Q— J
July 1 1931
do
do&Lon
,T & n June 1 1938
do
do
M & s Mch 1 1922
do
do
J & D June 1 1932
do
do
J & D June 1 1934
do
do&Lon
M & S Mch 1 1920
do
do
J & D June 1 1938
do
do
M & N May 1 1937
do
do
do
J & .1 Jan 1 1943
do
do
J & J Jan 1 1945
do
S Mch 11949
do
M
do
&
olumn ; balan co under unified m tg e.
O e tio
p ra n
R evenue fro m
—■
1915-16.
1914-15.
1913-14.
Coal freight revenue...........................$18,811,099 $19,195,756 $18,528,246
Merchandise freight revenue............. 20,363,251 16,005,501 15,641,886
P ^ n g e r revenue............................... 4,300,183 4,043,799
4.795.148
M ^ , express, & c............................... 3,908,037
3,280,906
3,305,367
Total operating revenue____________ $47,382,570 $42,525,962 $42,170,647
N et, after ta x e s ................................... $12,574,714 $10,871,803 $10,423,461
1,626,229
1.942,212 3,016,689
Other income........................................
T o ta l net.......................................... $14,200,943 $12,814,015 $13,440,150
Interost on b o n d s-................................ $3,500,437 $3,459,738 $3,308,428
Lease other roads................................ 2,142,589
2.142,589 2,212,420
Joint facilities— rents..........................
212,625
208,614
210,322
M iscellaneous________________________
678,853
680.629
652,320
Dividends on preferred stock (1 0 % )10,630
10,630
10,630
Dividends on common stocks (1 0 % )- 6,050,170
6,050,170
6,050,170
Balance, surplus____________________ $1,605,640
$261,645
$995,860
Pres., E. B. Thomas, 143 Liberty St., N . Y .; Vice-Presidents, J. AMiddleton, F . L . Blendinger. T . N. Jarvis. L . D. Smith: Treasurer,
O. J. Kulp: Sec., D . G. Baird. 228 So. 3d St., Philadelphia; Executive
Committee: Chairman. E. c Thomas: Geo. F. Baker, E. T . Stotesbury,
W m . P. Clyde, W . 11. M oore and Daniel G. Reid.
Directors— Edward T . Stotesbury, W . R . Butler. Fred. M . K irb y .
W m . H . M oore, Daniel G. Reid, E. S. M oore, W m . P . C lyde. Samuel T .
Bodlne. Geo. F. Baker. Henry B . Coxe. E. B . Smith, M orris L . Clothier.—
(V . 103, p. 60, 489, 574, 585, 1118, 2156, 2341.)
LEWISTON NEZ PERCE & EASTERN R R . — Projected from Lewiston,
Idaho, to N ez Perco, 74 miles, o f which 25 miles from Lewiston was partly
constructed in June 1915. Tho latter includes 13.8 miles from Vollmer to
Nezperco, Ida., In operation. Incorporated A pril 1915 to take over tho
Noxperce & Idaho Railroad and to extend the road. Capital stock au
thorized, $1,000,000; outstanding. $562,lO O jpar, $100. Bonds author
ized, $5,000,000 First and Refunding gold 6s at $25,000 per mile; Spo
kane & Eastern Trust C o., trustee. O f the bonds, $150,000 aro issua
ble to retire the $125,000 N ez Perce & Idaho lst 6s,$200,000on account of
work done and
redeemable at :
For year ending wuuw
* W W c,._ , ^__
* |
_ _
,
.
— ------ , W4I ((/lw
int., taxes, &c., $6,012; bal., surplus, $10,548. I ’res., Z. A . Johnson:
V .-P ., D. S. Wallace: 2d V .-P ., J. P . Vollmer: Sec., A . I I . A lford, all o f
Lewiston, Ida.; and Treas., I. I I . Jorgens, N ezP erce. Idaho.— (V . 100, p.
1592, 1832, 2085.)
LEXINGTON & EASTERN RY.— See Louisville & Nashville.
LEXINGTON (KY.) UNION STATION CO.— Owns passenger station.
Common stock, $15,000, owned equally by Loulsv. & Kashv., Ches. &
Ohio and Lexington & Eastern. There has been authorized $500,O O of 4%
O
cumulative (non-voting) preferred stock, secured by mtgc., and rentals paid
by above-named roads on basis of passenger cars. 1 res., W . A . McDowell.
L IG O N IE R V A L L E Y R R .— Latrobe to Ligonler. P a ., 10.3 miles; L ig o
nler to Fort Palmer, P a ., 5.7 m.; total, 16 miles.
Stock, $500,000: par $50. Dividend, 25% in stock paid M a y 1 1913.
In year 1913-14 6% deferred dividend and 6% regular were paid. Bonds,
seo tablo above. For year ending Juno 30 1916, gross, $290,340; net,
$175,154: 1914-15. gross, $213,029; net. $103,423. Pres., J. R . Mellon;
Sec., A . W . M ellon; 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 RocklandRookport Lltne 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;
*10. Offico, Rockland.— (V . 82, p. 1380.)
L IT C H F IE L D & M ADISON R Y .— Owns Litchfield Jet. to Madison. H i..
44 m.; trackage, 1 m.; total, 45 ni. Stock, common. $500,000: pref., 4%
non-cum., $500,OOO: par, $l0o. Car trusts June 30 1916, $18,959.
Year
1915-16. gross, $249,401: net, $83,724; other Inc., $23,220; lut., &c.. $66,
361: sur., $55,231. Pres., James Duncan, Alton. 111.— (V . 79, p. 1256.)
L I T T L E K A N A W H A R R .— Parkersburg, W . Va., to Owensport, 30.44
m. Stock, common, $359,500; pref., $150,000; par, $100. Controlled
by Pittsburgh & Lake Erlo. Pennsylvania Co. anti Balto. & Ohio, which
own $478,100 o f the stock, the last-named operating the road as agent. V.
86. P- 981: V. 82, P. 628: V. 86. p. 981; V . 102, p. 66. For year ending
June 30 1914, gross, $35,292: op. def, after taxes, $13,898; rentals, &c..
$7,310; bal., def.. $21,208. Pros., j . M . Schoonmaker. Pittsburgh;
Soc.-Treas.. J. T . Blair, Pittsburgh.— (V . 99. p. 1366; V . 102, p. 66.)
S e M p P n lva ia RR.)
e a s en sy n
L IT T L E M IA M I RR.- (
— OwnsClnelnuatl,
O., to Springfield, O., 84 m.; branch, Xenia, O., to Dayton, O., 15 m ■ Day
ton, ()., to Ind. State line, 38 in.; leases Columbus & Xenia R R ., Xenia, O ..
to Columbus, O., 55 m,; U n . St. Con. R R ., 2 m.; Richmond & Miami R R ..
Indiana State line to Richmond, 4 m.; total, 199 miles.
L E A S E .— On Dec. 1 1869 leased to Pittsburgh Cincinnati & St. Louis
(now Pittsburgh Cln. Chicago & St. Louis R R .) for 99 years, renewable for
ever. The i’ enua. UR - Co. is a party to the contract and guarantees Its
faithful execution. Rental Is 8% on $4,943,100 original stoek. 4®^ on bettorment stock and int. on debt. V . 84, p. 51,815; V. 8 6 ,1). 857; V. 104. p.
73.
B O N D S .— Tho general 4s o f 1912 ($10,000,000 auth. issue; Cent. Trust
& Safe Dep. Co. o f Cincinnati, trustee) are to bear not over 4% int., with
a first lion; remainder $8,930,000 issuable only for betterments when ap
proved, but nono until all the special betterment stock authorized under
tho leaso has been Issued. V. 95, p. 750, 1331: V. 96, p. 420Lessee’s report shows results to lessee: in 1909. profit, $67,171; In 1910,
profit. $79,646; in 1911. profit, $189,539; in 1912, loss, $28,188; In 1913.
loss, $142,190; in 1914, loss, $218,712; 1915, loss, $22,588. Stock author
ized, $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 dividend 8 3-5% yearly.— (V . 99. p. 467, 969.)
„ L IT T L E S C H U Y L K IL L N A V IG A T IO N RR. & C O A L — Owns from P o rt
Clinton to Tamnnend and Reevesdale, 31.44 miles; 2d track, 26.47 m.; total,
91.71 miles. Re-leased on Dec. 1 1896 to Phila. & Read. R y . for 999 years
and rental reduced from 7% on stock to 5% gold from Jan. 1 1907
D IV S .—
1 ’06. ’07. ’08. ’ 09. TO. ’ l l . '12. T3 . T4 . 1915. 1916. 1917.
Since 1903 %/ 5
6
5M 5 6)1
5
5
2 ^ ,Lossee pays taxes and organization expenses.— (V . 98, p. 1845.)
L IV E O A K P E R R Y & G U LF R R — Owned L ive OaktoEoonfenla, Fla.,
62.85 miles: Mayo Jet. to A lton, Fla., 14.41 m.; Murat Jet. to Murat. Fla.,
3.74 m .; total. 81 miles. Stock auth., $2,000,000; outstanding, $600,000;
par, $100. Bonds, see table.
Car trusts Juno 30 1915. $49,812.
For year ending June 30 1916. gross, $235,273; net. $105,077; 1914-15.
gross, $178,430; not, after taxes, $60,513. Pres., W . L . Roach; Y .-P . &
Treas., J. H . Powell; Sec.& Asst. Treas.,R . Ilopklns. O ffice, L iv e Oak.
LONG IS L A N D R R .— Operates the steam surface roads of Long Island
—
— ( ‘ Which see.)
N. Y . Bklyn. & Man. B ch.*........ 16
Long Island City to Greenport__ 94
Long Island City to Montauk___ 115 Other ___________________________ 2
—
Sundry branches________________ 114
Penna. Tunnel & Term inal______
4
( ‘ which see)—
Nassau Electric R P ...................
9
Total Deo. 31 1915
..............397
Long Isl. R R . N o . Shore Brch___30 Oper. electrically (miles trac)._188
N. v .
Rockaway Beach R y.*
12 1Double track
..
IS#
Also owns tho Huntington R R ., N orthport Traction, Nassau County
R y ., Glen Covo R R . and Ocean Electric R y ., having combined mileage o f
34H miles, and through the Long Island Consolidated Electrical Companies
a one-half interest In N . Y . & Long Island Traction Co., 42 m ., and Long
Island Electric R y ., 26 m. V . 89, p. 598; V . 90, p. 1040.
P L A N .— In Jan. 1917, on condition that the m inority shareholders would
surronder their holdings, the Pennsylvania R R . C o., in order to strengthen
the credit o f the Long Island R R ., agreed (a) to accept from the latter In
settlement o f the approximately S3),600,000 o f indebtedness due it by the
L . I.|R I{. Co. (consisting chiefly o f 4% debentures), $5,202,100 new 5% 20yoar debentures, and for the remainder capital stock at par; (6) to give the
$5,202,100 new 5% debentures in exchange for tho m inority stock, $ for $.
See V . 104, p. 361.
,
Tho new debentures will be secured by any future mortgage on the
property. W ith the debt to the Pennsylvania R R . discharged as above pro
posed, “ tho amount o f earnings o f 1916 applicable to tho payment o f interest
on the $5,202,100 o f new debentures would have been about fiv e times the
amount o f such interest." Assenting stock must bo deposited w ith U. S.
M tgo. & Trust C o., 55 Codar St., N . Y -, on or before March 23. V. 104,
5X
On
ws
5
M
iles.
Lae
e ss
M
iles.
T ck g
ra a e
Lae
e ss
&
,
P S T O C K .— $12,000,000, par $50, o f which Penn. R R . owns $6,797,900.
As to offer to m inority shareholders, see ‘ ‘Plan’ ’ above.
D IV ID E N D S .—
I ’82. '83-00. 91. ’92. '93. 94. '95. ’96.
None
P e r c e n t....................... I 1 4 y ’ly. 4 K
5
5 4#
4
4
since.
BO NDS.— The Refunding 4s of 1903 ($45,000,000 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 prooseds 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 Bay Ridge and Long Island City and for a double
track connection with the New Haven road, for additional freight and pas
senger terminals, tracks, equipment, and to retire old bonds. V . 78, p.
583. 1549; V . 79. p. 2796: V . 80, p. 1111; V . 81, p. 211; V . 82, p. 868: V . 92.
* Equipment trusts Dec. 31 1915, $2,866,000. In Feb. 1917 $940,000
413% equipment trusts were proposed. V. 104, p. 559.
The
Is limited to the amount now outstanding. Bonds
are subject to call at 110 In whole or In part on any interest day. V . 68.
p.018. Mtges on real estate S I.767.680. V .7 6 r 266; V. 85, t>. 1M);
>
V . 89, p. 529, 1411; V . 90, p. 698, 1040; V. 93, p. 1022; V . 102, p. 609: V .
103, p. 2079.
G U A R A N T IE S .— In addition to guaranteed bonds In table above, guar
antees 5% on $050,000 New York Brooklyn & Manhattan Beach pref. stock
as part rental: also 6% on $50,000 P. P . & So. Br. stock and 10% on
$82,500 of the New York & Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and Inter
est, an authorized Issue of $10,000,000 413% 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 and controlled. See
V. 82, p. 100, 864: V . 84, p. 865: V. 86, p. 1157. No bds. sold to Dec. 31 1912
E A R N IN G S .
12
1916..........$14,971,839 $4,156,845 $680,191 $4,595,564
$241,472
1915............ 13.553,780
3,486,602
733,691
4,381,443 dcf.161.150
R E P O R T .— Report for year 1915, V . 102. p. 1165.
1914.
1915.
1915.
1914
$
$
S
11,715
65,823
Oper. revenue 13,553,780 13,282,930 H ire o f equip.
457,362
434,308
N et (aft. t a x ). 3,486,602 3,335,879 Joint faculties
204,451
235,568
Rents, & c____
442,768
441,953 M lscel. rents.
Bond Interest. 2,471,049 2,444,444
Unfund, secur.
_
518,298
543.346
andacc’t s ..
290,857
205.037 Other interost
Miscellaneous
54,237
60,934
Gross In c .. 4,220.226 3,982.869
Tota l dedua. 4,381,377 4,477,000
—
494,131
Lease otli.rds.
664,265
693,196 Bal., d e f i c i t - 161., 150
Pres., Ralph Peters, Penn. R R . Station, N . Y . #Hty; Treas James F .
Fahnestock, Broad St. Station, Phlla.— (V . 104, p. 256, 559, 663.)
U ified M a e
n
ortg g
Gs
ro s
M th E rn gs.
on s— a in
N a
et, fter O e
th r
T x s In e.
ae .
com
$
D u
ed ct
F
ixed
Ca e .
h rg s
D u
ed c.{con
cl.)
B la ce
an,
S rp s.
u lu
RAILWAY STOCKS AND BONDS
76
M
iles D te Par
a
A ou t
m n
R te
a
R a B n s V lu O ts n in
o d o d a e u ta d g %
RAILROAD COM
PANIES
a b v tio s & sen te o first p g ]
b re ia n , c., e o s n
ae
Island ( C n d d—
o clu e )
[For
1on z
Refund mtge $45,000,000 gold gu p A l__E a .xc*A r
Debentures $26,500,000 (all held by Penn R R ) . . . z
L
N
N
P
316
__
1909
1917
2d M $1,200,000 incomes till A pr 1 1916-------------x
Lorain & West Virginia— 1st M $2,000,000 g ___xc*A r
San Pedro Los A & Salt Lake 1st M $70,000,000_Gxf
~~Fl7st"mortgage"$7,000,000 gold (t e x t )----- (i.x c ’ Ar
Louisiana & North West RR— Underlying M gold . _x
First mortgage $10,000,000 gold__________MSt.xc*
Louisiana Ry & Nav— First M gold (see t e x t )-F.xcAr
Louisiana Southern— 1st M g red at 1 0 5 ..........-Cu.xc
Louisiana Western— First mortgage gold.......... Cc.zc*
Louisv Hend A St Louis— 1st M $2,500,000 gold__(l.z
30
19
10
73 H
73 >4
35
1,0 >4
273
273
35
115
342
45
105
182
1S2
Louisville & Jeff Bridge— $5,000,000 g gu p A 1___xc*
Louisville & Nashville— Stock $72,000,000 --- -------E H A N 1st M Hend to Nash g drawn 110__Ce.xc*
155
Louisville A Nashv gen M gold drawn 110__Ce.xc*
803
L C A Lex gen mtge gold (V 63, p 1010)...... _(Lxc*
176,
Pensacola D iv 1st M gold (drawn at 105)__F.zc*
45
141
New Orl A Mob D iv 1st M N O to Mobile g .F .zc*
Second mortgage gold ...... ........... ....... ...... xc*
141
Southeastern A St Louis Div first mtge gold.__xc*
208
Second M gold East St Louis to Kvansv A br.xc*
208
First M (50-year 5s) $15,000 per mile gold._U s.xc*
202
First mtge collateral trust ($7".000,000) g o ld ..F ,z c *
Unified mortgage for $75,000,000 g ___Ce.xc’ A r* Text
Mobile A Montgomery Joint M $5,000,000 g_.Ce.xc
179
N O T E S — b to h See next page.
We L st D en P ce We In re t a d
h n a ivid d la s h re te s n
P y b a d M tu
a a le n a rity D en s a P y b
ivid d re a a le
$>()() Ac $24,008,000
Various to bo r'tired
4 g
4
M
J
1,000 a l , 262.000
1,000 a 1,601,000
1,000
a888,000
1.000
11436,000
1,000
1,500,000
1,200,000
1,000
1.000
2,000.000
5 g
5g
5g
4H
5g
ft
5g
3— J
A A O
M A s
Various
A & o
A A o
J A J
57.053.000
5,000.000
5.196,000
100,000
2,150,000
10.545.000
250.000
2,240.000
2.500.000
4 g
J
&
M
J
A
J
M
J
J
A
A
A
A
A
A
A
M
F
J
J
M
M
J
J
M
M
M
M
J
M
A
A
A
A
L a e a dC n lle L es, Principal or In re t G a n e .
e s d n o tro d in
te s u ra te d
I R R No Sh Br cons M $1,425,000 gu pA l.C e.vc*
Y B A Man B 1st cons M $1,726,000 gold gu .-C ev
Y A Rook Beach 1st M $984,000 guar p A I----- Cc
P A C I 1st and 2d ($96,000 seconds) g u a r _____ v
[V ol . 104
1892
1885
1887
'86-’91
1913
1913
1913
1911
1,000
100
1902
l.o oo
1,000
1895
1.000
1905
1903
1,000
1897
500
18,81
1,000
1896
500
1915
1,000
1895
100
--- 1,000
1879
1880
1,000
1881
1,000
1,000
1880
1.000
1880
1,000
1880
1,000
1881
1,000
1881
1887
1,000
1888
1,000
1890 1,000 Ac
1,000
1895
5g
5g
5 g
G ig
5 g
6g
5g
7 0 0 ,0 0 0
5g
4.500.000
4g
72.000.000 6 In 1916
450.000
6g
d2.284.000
6
3,258.000
4Kg
143,000
6g
b4.991,000
6g
1,000,000
6g
3.500,000
6 g
e2.997,000
3 g
f 1,749.000
5g
g4.705.000
5g
h 64,768.000
4g
4,000.000
4X?
A
A
Cc
A
A
A
A
A
A
A
A
A
S Mch 11949
D Deo 31 1910
_
1937
Oct 1 1932
Oct 1 1935
Sept 1 1927
1926-1931
Apr 1 1961
Apr 1 1961
Jan 1 1963
Treas Penn R R Co, N Y
do
do
Treas Penn R R Co, N Y
do
do
do
do
do
do
Seo text
do
CIt S A T Co. Clev A N Y
Guaranty Trust Co, N Y
J July 1 1961
Checks mailed
Sep 15’ 11 l
Sept 1 1927
Guaranty Trust Co, N Y
Jan 1 1945
Boody, M cL A Co. N Y
Apr 1 1935
In dofault
July 1 1953
See text
s Mch 1 1950
R Winthrop A Co, N Y
J July 1 1921
S P Co. 120 B ’ way, N Y
)’-k of Amer, N Y ;A Lou li
J July 1 1946
()ct 1 1965
J P Morgan A Co, N Y
s Mch 1 1945
A Feb 10 1917 3H 71 Broadway, New York
do
D Dec 1 1919
do
do
do
1) June 1 1930
do
do
N Nov 1 1931
do
.
S Mch 1 1920
do
do
do
J Jan 1 1930
do
do
J Jan 1 1930
s Mch 1 1921
do
do
s Mch l 1980
do
do
do
do
N May 1 1937
do
do
N Nov 1 1931
do
do
J July 1 1940
S Sept 1 1945
71 Broadway, New York
s
J
o
J
H
%
L O R A IN & W E S T V I R G I N I A R Y .— Wellington to Lorain. O.. 3 0 m iles• the stock and bonds, that company also owning tho Kenilworth Sugar
w ith branches, 5 m. Stock. S2.000.000, all outstanding; par, S100. D ivP Estates, 10,000 acres. V. 76. p. 706. Stock. $300,000; par, $100. Dlvs. In
dend 1913-14. 1.6%. Formerly controlled by Wheeling & Lake Erie, but 1900-01,7%: 1901-02, 7V<%; 1905-06, 4 4 % . Year ending June 30 1916.
control relinquished In Oct. 1908. guaranty o f bonds being canceled. Op gross, $127,650; net. $18,893. Pres. E. A . Hopkins, N ew York; Sec.,
erated In July 1914 by receiver o f W h. & L . E. under an operating contract. S. Gibbs. London, Eng. Office. N ew Orleans, L a.— (V . 95. p. 618.)
L O U IS IA N A W E STE RN R R .— (A’ee
— Owns
Bonds, 52,000,000 authorized. Citizens' Savings & Trust Co. o f C leve
land. trustee. For year ending Juno 30 1916, gross, $326,526; net, $241, from Lafayette. La., to Sabine River. 105 miles: Abbeville to Mamou, 68 m.;
Mallard Jet. to Lake Arthur, 34 m.; total, 208 miles. Operated indepen
590; lnt., taxes. &c., $153,730; divs. (1 .6 % ), $32,000; bal., sur., $56,177. In
1913-14, gross. $327,437; net, $225,583. Fres., B . A . Worthington; Sec., dently. Southern Pacific owns all tho $3,360,000 stock. Dividend on
stock In 190.5-06 and 1900-07. 10% yearly; in 1907-08. 85%: in 1908-09,
W . M . Baldwin; Treas., J. K . Nuttr— (V . 100. p. 2009.)
20%; 1909-10 and 1910-11, 15%: 1911-12.10%: 1912-13.10%: 1913-14.
LO S A N G E L E S & S A L T L A K E R R .— (
.)—
10%; 1914-15, 10%: 1915-16. 15%. In 1915-16. gross, $2,441,952; net
From Salt Lake C ity, Utah, to Los Angeles, on the l ’acific Coast, 811 m.
o f main line, with branches, aggregating in all 1,154 miles; from Daggett income, $930,717; dividends (1 5 % ), $504,000; charges, $249,704; surplus,
to Riverside, 111 miles, Is trackage over A . T . & S. Fe and Sou. Pac. Has $177,014. In 1914-15. gross. $2,186,500.— (V . 103, p. 1210.)
L O U IS V IL L E B R ID G E C O .— In 1916 Penn. R R . Co. acquired praotlcally all stock not already owned.— (V . 102, p. 009, 800.)
L O U IS V IL L E HENDERSON & ST. LO U IS R Y .— R O A D .— Louisville
1024. Las Vegas & Tonopah R R ., allied, runs from Las Vegas, N o v., to to Henderson, K y .. 144 miles (Including 6 miles trackage): Irvington to
B eatty, 119 miles. V . 81, p. 1175; V . 98, p. 1920. Construction o f a line
p
’ordsvllle, K y ., 44 miles: L. A N. trackage, Henderson, K y ., to Evans
from Pico Station to Santa Ana, 24 miles, was In progress In Jan. 1917.
ville, Ind., 12 miles; total, 200 miles. Louisv. A Nashv. on Juno 30 1916
N am e changed from San Pedro Los Angeles & Salt Lake R lt. In Aug. owned $1,511.405 o f the $2,000,000 5% non-cum. pref. and $1,721,871 o f
1916. V . 103, p. 759.
the $2,000,000 com. (par $100 . V. 94, p. 207: V .9 5 .P . 1274; V .9 6. p.653.
Stock autli., $25,000,000; par, $100; all issued; held in voting trust for
In Oct. 191.6 filed a $5,000,000 1st consol. M . bond, $2,710,000 reserved
6 years (from 1903) by Farmers’ Loan & Trust Co. in joint interest o f Union to rotlro 1st M . 5s at maturity; $700,000 sold forthwith and $1,590,000 re
Pacific and W m . A . Clark. In Dec. 1912 the U. S. Supremo Court held served for future extensions and additions. V. 103, p. 1882; V. 101, p.
valid control by Union Pacific. V. 95, p. 1542.
1370. There arc $180,000 4>3% equipment notes o f 1912, Series A , duo
B O N D S .— T h e mortgago o f 1911 is for $70,000,000: $28,526,000 were $30,000 yearly Sept. 1917 to 1922.
held April 30 1916 in the Union Pacific (Oregon_Short Line) treasury. V .
E A R N IN G S .— 6 m os.,11916................. Gross, $915,483; net, $271,864
90. p”. I l l ; V . 94, p. 124, 490, 699: V. 96. p. 1703; V . 98. p. 1538, 1994:
July 1 to Dec. 31.
\1915................G ross, 781,613; net,
182,442
V . 100. p. 1833; V. 101, p. 132.
Report for year ending Juno 30 1916, V. 103. p. 1382, For 1915-16:
E A R N IN G S .— 6 mos., /1916.......... Gross, $5,947,177; not. $2,227,358
Gross, $1,617,244; not income. $448,059: charges, $268,238; bal., sur.,
J u l y 1 to Dec. 31.
(1915............Gross, 5,534.648; net, 1,955,923
$179,821, against $31,245 in 1914-15.
Pres., R . N . Hudson.— (V . 103,
R E P O R T .— For year ending Juno 30 1916 (V . 103, p. 1888):
p. 1301, 1882.)
—
1915-16........ $11,244,355 $3,987,292 $50,816 $2,748,996 $1,289,112
L O U IS V IL L E & JE F F E R SO N V ILLE B R ID d E CO.— One-half mile long
1914- 15 ..... 9,497,896 2,796,523
97,319
2,796,810
97,033 approaches 2 miles; overhead viaducts l >4 miles, with connecting lines In
Pres W . A . Clark; V .-P ., I I . V. Platt; Treas., W . H . Leete.— (V . 103, Louisville; 40 acres in Louisville and about 60 acres in Jeffersonville.
Stock, S I,425,000: mtge. for $5,000,000: bonds for $500,000 arc reserved
p. 759. 1888.)
L O U IS IA N A & A R K A N S A S R Y .— Owns from Hope, A rk., to Tioga, for future construction, Ac.; the bonds are guaranteed jointly and severally
L a . 192.89 miles; Packton to W lldsvillo Jet., La., 53.32 m.; Minden, La., by the Chesapeake & Ohio and Cleveland Cincinnati Chicago & St. Louis, in
to Shreveport, 27.15 m.; trackage, Vldalla to Black R iver, La., opposlto whose Interest tho stock Is owned, and any deficit is payablo in tho propor
Natchez, 25 m. (St. L . Iron M t. & So. R y .); Tioga to Alexandria, La., 7.33 tion o f ono-third and two-thirds respectively; seo V. 60, p. 130; V. 61, p.
miles; trackage near Shrovoport, La., 2.01 miles; total, 303.72 milt's. On 327, 559; V. 62. p. 84.— (V . 89, p. 529.)
Jan. 1 1917 was to begin sending trains by ferry across tho Mississippi R iver
L O U IS V IL L E & N A S H V IL L E R R . — R O A D .— Operates
and thence under trackage agreement over 25 miles o f tho Iron M t. (M o .
main line, Cincinnati, O .. to N ew Orloans, L a ., 921 m.; branches to 8t.
Pac. R y .) to a connection with tho Illinois Central and Mississippi Central Louis, Memphis, &c., 4,116 m.: total. June 30 1916, 5,071 miles, viz.:
R lt ., facilitating through tra ffic to and from tho East. V . 103, p. 1888.
M iles I
.—
181 Other linas____________________ 217
Rock Island Co. uses 36 miles, Packton, La., to I ’ lnovlllo, La., under track Louisville to Nashville________
age contract, and St. Louis Southwestern passenger trains the Shreveport Sundry other lines___________ 4,466 lOperated for other companies . 172
terminals under a 25-year lease. V . 93, p. 527.
642
1 1916.)
D IV ID E N D S .— 1906 to 1909,3% y 'ly ith e n to Sent. 15 1911.2 ^ % y ’ly. Nashville Chatt. & St. Louis___ 926 Other lines_______________________
1
None sinco to June 1916, tho surplus funds having been applied to better ♦Georgia Railroad System______571 Owned but leased to other cos
21
ments and sinking fund. V . 102. p. 153.
♦Louisville Hend. & St. Louis— 182
do
Paducah & M em . D iv ___248
BONDS.— The unissued first 5s (total limited to 17.000.000) are reserved
♦Cliic. Indianapolis A Louisville.622 ,
for betterments, equipment and extensions, of which $1,000,000 reserved
* See separato statements for these companies.
for bridges across Black and Red rivers, and the balance limited to $20,000
In Oct. 1915 merged tho Lexington & Eastern R y. (211 miles), and also
per mile of completed railroad. The entire amount outstanding, but no minor subsidiaries with itself. V. 101. p. 1272: V . 91, p. 1447; V. 92, p.
part. Is subject to redemotion at 110 and Interest on anv Interest date.
1701; V. 97, p. 1029; V. 100, p. 901. Seo Bonds below.
Annual sinking fund $75,000 per ann. to buy bonds at 110 and lnt., or under;
In 1913 purchased South A North Alabama R R . V. 97, p. 729, 1287.
— Late in 1902 the Atlantic Coast Line RR.
otherwise, to bo invested. O f tho$5,196.000 issued Sept. 15 1916. $732,000
were held alive in the sinking fund. See V. 101, p. 2071.
acquired $30,600,000 o f the (then) $60,000,000 stock and owns $30,720,000
o f tho present $72,000,000 stock, but the roads are operated Independently.
E A R N IN G S .— For six months ending Dec. 31:
V . 74, p. 830. 1038; V. 75. p. 733. 1399.
—
............................. $760,205
$180,033
$138,155
$ 41,878
1916
D IV S. / '99. '00. ’0 l-’04. ’05-'07. 1908. '09. '10 to ’ 14. ’ 15. ’ 16. '17.
1915
_______ __________ 899,269
303,556
162,547
141,009 Since 1893\ 3
4 5 y ’ly 6 y ’ ly
5J4 5 «
7 y ’ly
5
6. 3
R E P O R T .—F o r year ending Juno 30 1916, see V. 103, p. 1787.
In Feb. 1916 paid 2V$%; August. 3><j % .
—
A l«o In Feb. 19081% in Louisville Property Co. stock. V . 86, p.229, 421;
1915- 16_$1,652,091
$189,915
$47,884
$315,147
$222,653
V . 102. p. 2341.
1914- 15_ 1.679.951
483,574
43,726
334.060
193.240
BO NDS.—
6s are drawn at 110 annually in amounts in
Pres., Wm.Buchanan,Texarkana, Ark.— (V . 103,p.666, 1687,1787,1888.)
creasing each 5 yrs. until $150,000 per year Is reached; 1916, $150,000.
bonds are now called $36,000 yearly. V. 81, p. 265, 726'
L O U IS IA N A & N O R T H W E S T R R .— Owns Magnolia, A rk ., to N atch i
bonds of 1880 are called at 110 In Increasing amounts
toches, La., 115 m.; trackage, Magnolia to M cN eil. 6.4 m. On Aug.22
1913 Geo. W . Hunter was appointed receiver. V. 97, p. 521, 595.
each year: $653,000 was paid June 1 1916. V. 102. n. 1103.
“
"
$75,000,000, o f which $41,917,660 was reserved to re
Stock out, $2,300,000; par, $100. O f 1st 5s o f 1905 ($10,000,000 auth.
Issue). $150,000 Is reserved to retire the old bonds. V. 82, p. 628; V. 85. tire all prior liens (none o f tho prior liens can be extended), tho balance for
p. 1462, Car trusts outstanding June 30 1916, $9,174; loans and bills Improvements, extensions (at tne rate of $32,000 per mile. Including equip
payable, $750,853. For year ending Juno 30 1916, gross. $273,137; net, ment), and for other purposes. The mortgage covers (besides 1,994 miles
$21,937: 1914-15. gross. $245,039: oper. def., $17,147: int., taxes, &c.,
of road and equipment). $26,473,606 stock of companies controlled and
$151,076; bal., def., $168,223. Receiver, Geo. W . Hunter, St. Louis; $3,150 000 bonds free from any lien. See abstract of mortgage In V. 51,
Attorney, John A . Richardson, Homer, L a .— (V . 97, p. 521, 595.)
p. 613; also V . 72. p. 1034, 1188; V .7 7 ,p .9 6 8 . In July 1915. o f $66,149,
I O U IS IA N A R Y . & N A V IG A T IO N C O.— Owns N ew Orleans to 000 outstanding, $1,362,000 was In treasury and $17,000 in sinking funds.
Is for
Shreveport, La ., 303.90 miles; Aloha to Winnficld, 27.60 m.; Pinevillo to
Ems. 8.14 m.; M cN eely's to Gravel P it, 2.84 m.; total, 334,34 miles. $5,000,OOO: $1,000,000 reserved for Improvements. V. 61, p 196. 750.
mtge. abstract, V. 45. p. 372.
Stock auth., $12,000,000; outstanding June 30 1916, $8,131,000; par, $100.
4s.— Jointly guaranteed, prln. and lnt.,
Jan 1 1917, equipment obligations, $26,300.
by L. A N. and Nashv. Chatt.
St. L. See form, V. 88, p. 1313.
E A R N IN G S .— 6 mos.,/1916............... Gross, $1,166,398; net, $353,703
In 1902 the Louisville A Nashville and the Southern R y. acquired $9,
July 1 to Dec. 31.
(1915. ......... Gross, 1,204,234; net, 356,169
796.900 of the $10,500,000 Chic. Indianapolis A Louisv. common and
—
,
$3,873,400 of the $5,000,000 pref. stock In exchange for their Joint 50-year
1915-16........ $2,180,030
$667,245
$12,969
$716,149
$66,936 4% bonds. V. 74. p. 1138: V. 76. n. 593. Of the $15,500,000 Joint bonds
1914-15........ 2,023,698
487,968
_..........................._...................... secured by deposit of this stock, $1,563,000 are reserved to acquire re
Pres., Wm. Edonborn, Hibernia Bldg., N ew Orleans; V .-P ., H. B. Helm, maining "Monon” stock and $2,110,000 for lm pts.,&c., $500,000 yearly.
Treas., L . M . M cFarlln. Shrovoport; Sec., J. J. Tlp pia.— (V . 99, p. 1748.)
The Atlanta Knoxville A Cincinnati division 4s ($50,000,000 authorized)
L O U IS IA N A SOUTHERN R V .— Owns New Orleans, La., to Polnte-a-la- cover 870 miles. Of the bonds, an equal amount will be reserved to retire
at maturity underlying bonds, viz.: Kentucky Central 4s, $0,742,000:
Hache. La., 46 in.; Poydrasto Shell Beach, 16 m.: total. 67 m. Steam
for freight and gasoline m otor cars for passenger service. In Feb. 1916 was Atlanta Knoxv. A North, bonds. $1,500,000. The line from Llvlugston to
lelllco. 61 miles. Is sublect to nrlor Hen of unified mtge. V. 80, p. 872: V.
being operated for account o f owners by New Orleans Texas & Mexico. In
Jan. 1901 the United R y . & Trading Co. of England acquired over 95% of 84, p. 1428; V. 92. p. 1178, 1311. 1565; V, 96. p. 716. 1022.
M p oj sou ern Pacific).
a
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3
RAILWAY STOCKS AND BONDS
D alh ou sieC 'v
K is k is in k
Campbelltoii:
G lo u c e s t e r J c.
L a k e E d w ard
B e a v e r B ro o k
B eau d et
E d m u n d s to it
L a Tuque
C o n n o rs
St. F ra n c is ;
B la s te r K ook
P a s s in o r
S to c k h o lm
R iv ie r e a P ie r r e
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P re s q u e U s le ;
G ran d es
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MAINE CENTRAL RAILROAD CO
Owned & Leased Lines
Controlled Lines . . . .
Total Lines Operated .
Steamboat Lines . . . .
1,206.32 miles
156.19 •
•
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Feb ., 1917.]
RAILWAY STOCKS AND BONDS
RAILROAD COM
PANIES
a b v tio s & sen te o first p g ]
b re ia n , c., e o s n
ae
L o u is v ille & N a s h ville (C n d d
o clu e )—
[For
M
iles D te Par
a
m n
ou
a
R a B n s V lu OA ta dt g R te
od od
a e u n in
ts
%
Pen & A t 1st M gold drawn 110 assumed-------- xc
160 1881
Henderson Bridge Co 1st M gold drawn 105.Ce.xc
10 1881
Nashv FI or A Sbcfl 1st M g assumed In 1900.Ce.zc
105 1887
Paducah & Mem D lv 1st M $5,000,000 g old, Ba.xc*
254 1896
Sou A N or Ala 1st M (V 97,0 1204, 1426)gguCe.xc*
202 1886
Gen cons M $25,000,000 g guar-----U s.yc*A r*
202 1913
Ncwp & Cln Br 1st M g s assurn gu by Penn C o.F.x
—
1895
L A N -S oJ’ tM $7,750,000 red 105 since'07-(l.xc*& r
1902
Loxlngton A East 1st M $20,000,000 gu p & l.N .y c *
211 1915
Kentucky Central 1st M ($7,000,000) gold._M p .zc’
247 1887
Atlanta K noxville & Northern first mtge gotd.Ce.x
228 1896
A tl K n oxv & N or consol M gold $10,000 p rn.Us.x
228 1902
L & N— A tl K & C Dlv M $50,000,000..Us.xc* &r*
870 1905
A N Term M $3,000,000 gold guar Jointly .Ba.xc*
—
1902
Equlpt certs g ser A due $325,000 s-a........ FL.xc*
1913
Louisville New Albany & Chicago— See Chicago India napoU s A Lo
19 ___ Lykens V ail R R & Coal Co— Stock— Kcntal pays4%
97 1896
Macon & Birmingham— First M $500,000 g — OB.xc
92 1907
Macon Dublin & Sav— 1st M $1,840,000 g gu — N.c*
Macon T e rm in a l— 1st M $3,000,000 g gu .C oIe*A r*
—
1915
71 —
Mahoning Coal RR— Stock, Common-------------------71 —
Preferred stock (see t e x t )_________________________
First M Youngs to And Ac guar n & 1 (end) ..U n .zc
68 1884
___ ____
Maine Central— Com stock and scrip ($15,000,000).
___ ____
P rof stock 5% cum non-voting, $3,000,000----------Collateral trust bonds for Mt Desert Branch.AB.zc
41 1883
1st & R e f M $25,000,000 ($6,000,000 callablo on or
aft J ’no 1 T8 & $7,000,000 on or aft Dec 1 18 at
102 & int........ .................. ....... .................c*& r*
1915
--1887
Im pt bds “ B " . _ ..................................... ........ . z
Maine Central Eur A No Am refunding mtge gold.z
56 1893
First M Penobscot Shore Line R R Co assumed— z
48 1890
K & L 2d M (for $400,000) assumed.............. BBz
48 1891
Washington County 1st M per mile g gu red.Ce.zo*
139 1904
Somerset R y first mortgage
----------- zc
42 1887
Consolidated mortgage $420,000 gold-------------z
42 1900
First and refunding mtge $1,500,000 gold ..A B z
94 1905
t
L
. ... ....
$1,000
1,000
1,000
1,000
1,000
1.000 A c
1,000
1,000 Ac
1,000
1,000
1,000
1,000
1,000 Ac
1,000
1.000
ulsvllle.
20
1,000
1,000
1,000
60
50
1,000
100
100
1,000
$1,363,000
802,000
1,996,000
r4,619,000
t9.292,000
7,400,000
1,371,000
n5.898,500
v, .500.000
J6.703.000
999,000
500,000
u24 745,000
2,500,000
4.225,000
1,000 Ac
1,000
1.000
1,000
1,000
1.000
500 Ac
500 Ac
1,000
13,000,000
250.000
1,000,000
1,300,000
400,000
2,500.000
225,00
172,500
864,000
79
We L st D en P ce We In re t a d
h n a ivid d la s h re te s n
P y b a dM tu
a a le n a rity D en sa P y b
ivid d re a a le
F A A Aug 11921
6g
M A S Sept 1 1931
6g
F A A Aug 1 1937
5g
F A A Feb 1 1946
42
F A A Aug 11936
52
A & () Oct 11963
5g
4)4 2 J A J July 1 1945
July 1 1952
4g P
A A O Apr 1 1965
5g
J A J July 1 1987
4g
J A D Dec 1 1946
52
M A S Mch 12002
42
M A N May 1 1955
42
,r A D Dec 1 1952
4g
J A D ,To June 1923
5g
599.120
4
500,000
5g
1,529.000
5g
1,600,000
5g
1,500,000 See text.
661,367
5
1.500,000
5
14,907,617 6 In 1916
3,000.000
5
648,000
5
J
J
J
J
F
.1
J
A
J Jan 2 1917 2%
& J July 1 1946
A J Jan 1 1947
A
J July 1 1965
A A Fob 1 1917 10%
A •
TJan 2 ’ 17 2)4 %
A J July 1 1934
Q— J Jan 1 1917 1)4
c — M M a r 1 1917 I K
J A D June 1 1923
J
J
J
4g
F
4
F
5
3M e J
5
4g
J
4g
4)4
J
J
<
&
A
A
A
A
&
A
A
A
D Dec
J July
J Jan
A Aug
A Feb
J Ian
J July
J2 July
J July
1 1935
1 1917
1 1933
11920
1 1921
1 1954
1 1917
2 1950
1 1955
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J P Morgan A Co, N Y
71 Broadway, New Y ork
do
do
do
do
do
do
do
do
do
do
Office Broad St Sta.Phila
No coupons ever paid
New Y ork Trust Co. N Y
Columbia Trust Co, N Y
Grand Cent Term . N Y
Union Trust Co, N Y
do
do
Office, Portland, Me
American Trust, Boston
N Y , Boston A Portland
do
do
N Y , Boston A Portland
N Y , Boston A Portland
N at Shaw Bank, Boston
do
do
Amer Trust Co, Boston
O f the South A N orth Alabama U R . general consol. 5s ($25,000,000 auth.
Issue), $7,400,000 have boon sold, guar., prln. & Int., by the L . A N .;
$10,000,000 are reserved to retire the 1st 5s o f 1886: remainder for Im
provements, equipment, A c. V. 98, p. 454, 156, 1001.
Th e subsidiary Lewlsburg A Northern R R . In Sept. 1915 mado a mort
gage to secure $15,000,000 50-yoar 5% bonds, o f which $8,257,000 to pay
for construction and $6,743,000 for further construction and Im prove
ments. In Oct. 1915 none hold by public. V. 101, p. 846. 1272.
Lexington & Eastern R y . 5s are guaranteed, prin. and int. (auth. issue
$20,000,000). See V. 100, p .9 0 l, 1438; V. 101, p. 1272; V. 102. p. 1163.
F IN A N C E S .— In June 1916 the dividend rate was restorod to 7% . V102, p. 2341. Dividend on Nashv. Chatt. A St. Louis R y . stock ($11,484
100 owned) was raised from 5% to 6% basis as of Fob. 2 1916. V . 102, p.
251.
E A R N IN G S .— 5 mos., (1916,....... Gross, $27,918,335; not, $8,801,794
July 1 to N o v . 30.
\1915______Gross, 24,110,505; not, 7,039,983
R E P O R T .— Report for 1915-16 in V. 103, p. 1298, 1404, 1417.
30—
1915-16.
1914-15.
1913-14.
f»,071
5,037
4,937
Average mileage_____________________
Freight earnings____________________ $44,658,860 $30,953,794!
Passenger earnings__________________ 11,488,086 10,859,047)$59,906,467
M a ll, express, A c ___________________ 4,171,053
3,793,174J
1370, 1465. These securities having been underwritten were offered to
shareholders. The common stock was thus reduced to $14,907,617. See
bonds below. V . 101, p. 1628, 1714. Th e m ajority interest in the stock
form erly owned by the Boston A M aine was all disposed o f in 1914-16,
through tho M aine Railways, and trust wound up. v . 98, p. 312, 1071;
V . 102, p. 1250: V . 103, p. 1407.
D IV ID E N D S — f ’04-'06.
’07. '08-T0.
'l l .
1912 to Jan. 1917
On common stock-\7 y ’ly.
7K
8 y ’ly.
7)4
6 yearly (1)4 Q-J)
B O N D S .— The 1st A ref. M . made in 1915 (see above) is lim ited to
$25,000,000; $6,000,000 wero issued to retire $6,000,000 notes o f 1919
(called and paid o ff at 102)4 M a y 1 1916); $1,700,000 are reservedto retire
other underlying bonds; $5,300,000 wero issuablo for any lawful purpose,
and the remaining $5,000,000 may bo issued only for improvements when the
earnings are 14$ times all interest charges, including the bonds to be Issued.
A first m ortgage on about 320 miles o f road, including the line running from
Portland to Bangor and on entire stock o f Portland Term . C o., and a
second m ortgage on about 88 miles. Amount outstanding was increased
in A pril 1916 from $7,000,000 to $13,000,000 to retire aforesaid note issue.
V . 102, p. 976. 1163, 1250.
There are also $102,000 M aine Shore Line 6s assumed, due 1923: also
$33,500 Belfast A Moosehead Lake m tge. 4s (not tax-exem pt), due 1920.
not guaranteed, int. and sk. fd. paid out o f rental; And. A Ken. stock
bonds, $11,000. exchangeable for M . O . stock; the A . A K . stock bonds are
Gross earnings_____________________ $60,317,993 $51,606,015 $59,906,467 Included In the above outstanding stock. V . 95. p. 1332.
Operating expenses.............................. 39,790,481 39,431,789 45,012,305
Guarantees bonds o f Portland Term inal Co. See that company.
E A R N IN G S .— 6 mos., /1916-......... Gross, $6,808,108; net, $1,847,885
N e t earnings...............
..$20,527,512 $12,174,226 $14,894,162
July 1 to Dec. 31.
(1915_______ Gross, 5,985,104; net, 1,616,793
N e t, including Investments, & c........ $24,983,681 $15,603,822 $17,782,149
A N N U A L R E P O R T .— Report for 1915-16 was in V . 103, p. 1407:
Taxes, & c................
2,261,608
2,142,778 2.606.007
1915-16.
1914-15.
Interest and r e n t . . ........ .................. 8,682,944
8,509,280 8,126,003
1915-16.
1914-15.
Sinking fund payments-----------------85,281
91,622
405,275
30—
$
S
30—
S
$
D ividends..........................
(6)4,320,000 (5)3,600,000(7)5 040,000 Gross earns-.12.001,673 11,350,423 C om . dlvs. - (7) 1,036,125(6) 1483 ,C02
N e t in com e.. 3,792,837 3,368,061 Pref. d l v s . . . (24*)75,000
..........
750,094
554,114 M isc. charges
Surplus over dividends...... ............. $9,633,849
SI .260,142 $1,604,863 Interest p a id .
241,495
114,694
O F F IC E R S .— Chairman. Ilen ry Walters, Balt.; Pres., M . I I . Smith, Rents, A c ----- 1,442,263 1,195,867
„
Balance . . . ~ 247.858
20,384
and 1st V .-P ., W . L . Mapother, Louisville; 2d V .-P ., E . L . Smithers, N . Y .
Pres., M orris M cD onald. Directors, V . 103, p. 1687.— (V . 103, p. 1407,
Offico, 71 B ’way, N . Y . — (V. 103, p. 666, 1298, 1301, 1417, 1687, 2429.)
1687.)
L Y K E N S V A L L E Y RR . & COAL CO.— Owns from Mlllersburg, Pa., to
M A N C H E S T E R & L A W R E N C E R R .— Owns from Manchester, N . H .,
Wllliamstown. Pa., 19 miles. New lease to Northern Central for 99 years
to Methuen (State lin e ), 2241 miles. Leased for 50 years from Sept. I 1887
from July 1 1910 provides for annual rental of $24,000 (equal to
to Boston A M aine at rental paying 10% div. In 1895 a div. o f 50% paid
stock) organization expenses and taxes. V. 92, p. 527.
MACON & B IR M IN G H A M R Y — Owns Sofkce Jet. to La Grange; Ga.. fn *n proceeds o f C. A M . suit.— (V . 73, p. 1264.)
M A N H A T T A N R Y . (E L E V A T E D ).— Owns all the elevated railroads in
96.87 miles. Passenger trains aro operated between M acon and La Grange.
Ga., 105 miles. 8 miles Sofkle to Macon leased from G. & F . R y . V. 101 • boroughs of Manhattan and the Bronx, N. Y . City, main line and branches,
p. 449*. In 1908 a receiver was appointed; now John B. Munson. V. 86. 37 H miles, double-tracked, with 42 44 miles additional third track, sidings,
P* 337. In yoar 1915-16, gross, $148,451: not, $8,704; other income, $954: Ac.; total track, 118 miles; 3d rail electric. Th e 2d, 3d and 9th A ve. lines,
under agreement with tho city made in March 1913, had in Jan. 1916 been
Int., liiro equip., &c., $14,631: bal., def., $4,973.— (V . 101, p. 449.)
MACON D U B L IN & S A V A N N A H R R — Owns road from Macon to largely 3-trackod. See Interborough Rapid Transit Co.
L E A S E .— The Interborough Rapid Transit Co. leases the road for 999
VIdalla, Ga., 92 miles. Stock, $3,200,000 auth.; outstanding, $2,040,000
(par $100). Seaboard A ir Line R y . guarantees bonds, prin. and Interest. years from N ov. 1 1875, guaranteeing 7% per annum on the stock. V. 75.
Bonds, Series 1506 to 1529 lncl., have clause “ Federal income tax. if any p. 1202, 1302; V . 76, p. 212; V. 79, p. 24,56; V . 96, p. 791. Guaranty, V .
on same, is to be paid by purchaser.” V. 89, p. 43; V. 84, p. 102 450
76, p. 480.
BONDS.— Consols beyond $40,000,000 may be issued for extensions at
For year ending June 30 1916, gross, $469,054: net, 8146,578' other
$300,000 per mile of single and $600,000 per mile of double track. O f the
incomo, $3,784; interest, rentals, &c., $132,848; bal.,su r., 817,514. Pros
James A . Blair Jr., N . Y .; Sec. A Treas., .1. R . Frink.— (V . 100, p. 1078.’ bonds, $12,712,000 are tax-exempt. A fter all the $5,409,000 2d M . bonds
M A C O N T E R M IN A L CO. —Building, tracks, A c., at M acon, G a., com have been issued, all further capital expenditures must bo financed by the
pleted and is used by Central o f Georgia, Georgia Southern A Florida and Intorborough R . T . Co. This mortgage Is made superior in lien to the
Southern R y . (all linos entering M a co n ), which own the $100,000 stock and lease. V . 103, p. 1118. V . 51, p. 248; V. 87, p. 285.
In Fob.
wero sold
guarantee the bonds, prin. and int., by endorsement. Rental on wheelago borougn R1916 $4,523,000 4% 2d M . bonds additions to reimburse the Inter. T . Co. for improvements and
furnished under lease,
basis covers int. on bonds and all charges. O f tho 1st 5s (83,000,000 auth.
The 2d m tge.
lien to the lease o f
Issuo), $1,600,000 has been sold. V. 101, p. 1886.— (V . 101, p. 527, 1465, A c. Interborough. is .made superior in . 102, p. 609, 712, the property to
tho
V 103. p. 1118; V
800; V . 97, p.
1886.)
*
1115, 1504.
M A H O N IN G C O A L R R .— Owns from Youngstown to Andover. O ., and
To 1898 claims aggregating $8,847,854 had been paid as damages to
branches, 71 miles. In December 1907 purchased a one-half Interest in abutting property. In 1907-09 paid franchise tax 1900 to ’08 ($4.876,545).
the Lake Erlo & Eastern R R . in Youngstown, A c.
REPO RT
30)—
1914-15.
1913-14.
1912-13.
Leased In perpetuity for 40% o f gross earnings to Lake Shore (now N . Y .
Gross operating revenue____________ $15,589,948 $15,954,838 $15,689,916
Central), which Juno 30 1916 owned $865.900com. and $399,500 pref. stk. N ot, after t a x e s ............ ....... ............. 7.160.098
7,528,843
7.346.103
D IV S .— V92. ’93. ’94. '95-06. ’07-’09. TO. ’ l l . T2- T 3 . ’ 14. 15. 16. '17
Gross income............ .......................... 7.299,223
7.588,556
7,393,547
On com .; 814 8
8 lO y r ly 12 yrly 66 70 20 70 60 50 50 text
Interost and rental paid_____________
1.682,657
1,682,657
1,665,157
In 1016 and 1016, with regular 20% p. a. (P . A A .) paid in June 30% ext.
Dividends ( 7 % ) .............. ...............
4.200,000
4,200,000
4,200,000
In 1917, Fob., 10%.
The preferred stock certificates are 5% guaranteed and contain a clause
Balance, surplus__________________ $1,416,566 $1,705,899 $1,528,390
making them redeemable at par at option of company.
Pres., Edgar L . Marston; Vice-Pres.. John H . McClem ent; Sec. and
Year ending Dee. 31 1915. rental and other income, $1,322,176; surplus Treas., D. W . M cW illiam s; Asst. Sec.-Treas., P . V . Tralnque.— (V . 103.
over Int and 50% on com. and 5% on pref.. $461.118.— (V . 102, p. 2077.)
p. 1118, 1210.)
M A IN E C E N T R A L R R .— Line of road, Portland to Vanceboro, Mo., via
M A N IL A R R .—
6 .)— 'This company, organized In New Jer
Augusta, 267 m. (incl. trackage Portland to Falmouth, 7 m .); branches. sey in 1906, has taken over and is operating the only steam road on the
Royal Jet. to Skowhegan via Lewiston, 90 m.; Bath to Lewiston and Farm- Island of Luzon, Philippine Islands. 550 miles (V . 88. p. 1313: V . 91. p. 215.)
higton, 79 m., Oakland oton Klneo-------- 1______ m.; Portland and Rumford Falls
8ta., 91 .
In operation Sept. 1916. 315 miles o f Northern lines and 279 miles
,, .< ,
. . .
.
.
fliTufom
1
m • (Iniino n
f/v
Southern lines. Additional mileage has been under construction.
Of the stock, $3,652,800
cum. pref. and $2,130,700 common, all but
directors’ shares were held by tho M anila R y . (1906), L td . (see below ).
a. T
t Too'
y waungwn u oun w ,
m.; j'oruana
t0
Johnsbury, V t., 138 m. incl. trackage, O .llin . St. Johnsbury Sta.,
In Jan. 1917 the purchaso o f all the outstanding stock by tho Philippine
and 8.27 m. from Portland Union Sta. to Windham Lino, M o.; Quebec G ovt, for $4,000,000 cash had been consummated. V . 103, p. 939, 1031;
Jet., N . H .. to Lim e Ridge, P . Q., 108 m.; total, 1,229 miles, o f which
V. 102, p . 609,251,2166.
656 owned, 550 operated under leases, 15 trackage and 8 forry. Also leasos
B O N DS.— The Manila R
from Jan. 1 1915 part o f St. Johnsbury A Lake Champlain R R . from St. antced as to Interest by the R . (Southern Lines) 1st gold 4s of 1909, guar
Philippine Government under A ct of U. S. Con
Johnsbury to Lunonburg, 22 miles, taken up. V. 101, p. 846.
which $10,575,000 have been
In Aug. 1911 purchased entire stock of Sandy River A Rangclcy Lakes gross, are limited to $30,000,000, o fat any time at 110 or by lot for issued
The bonds are redeemable as a whole
a sink
R R .. a 2-ft. gauge road extending from Farmington to Rangcley Me ,
of 1% yearly from May 1 1919 to Apr. 30 1928, and 1% yearly
47 miles, and Strong to D ljelow , Me., 30 miles, with branches,’ a total of ing fund of
103 miles. V. 93. p. 408. 589, 940: V. 94. p. 698. In Oct. 1912 acquired thereafter. V. 91. p. 215. 276, 717; V. 91, p. 1711: V . 93. p. 45.
In June 1916. under agreement for sale o f the capital stock to tho Philip
entiro stock o f Bridgton A Saco River R R .. 21 miles, 2-ft. gauge. V .95,
pine G ovt., it was agreed, with other provisions: (1) T o cancel the N orth
p. 176. Purchase Rangeley Lakes A M egantic R R .. v . 9 5 , p. 1202.
ern D iv. ($4,330,000) 6% 1st M . bonds and (57,716,000) 7% 2 d M . boDds
S T O C K .— Th e stockholders in 1915 authorized retiring $10 000 000 o f (pledged as part security for the “ A ” and " B ” debenture stocks and bonds
the outstanding stock and issuing in placo thereof $3,000,000 5 % non-voting o f M anila R y ., L td .) and to issue in lieu thereof $13,236,000 new 1st M
cum. pref. stock and $7,000,000 1st A ref. 20-yr. 4)4s. V. l o i , p. 923, 5% 40-year bonds. (2) T o apply not over £590.060 o f the $4,000,000 pur-
Y r e d gJ n
ea n in u e
Y re d g
ea n in
■ue
Jn
Y re d g
ea n in
Jn
ue
4% o
n
(Y e d J n
ear n . u e
(G u e 3ft. in
ag,
liO
t'
\
r
7%
\
y
,
[V ol . 104.
RAILWAY STOCKS AND BONDS
80
RAILROAD COM
PANIES
[For a b v tio s Ac., sen te o first p g . ]
b re ia n ,
e os n
ae
M aine C en tral ( C n d d G a n e Is u s
o clu e )— u ra te d s e —
Portland A Ogdensburg stock (2% rental 999 yrs)_.
1st M g uar prln & Int end (V 86, p 1285)----------z
Dexter A Piscataquis stock 5% rental 999 y ea rs..
First M Dexter to Foxcroft Ac guar by en d ..B B z
Hereford R y stock (rental 999 years).............. .......
First mortgage guar prln and Int (endorsed) — z
Upper Coos R R stock 6% rental 999 years..............
1st M and Exten M ($693,000 4 4 s ) guar p A I.z
Dexter A Newport stock 5 % -------------- ---------- —
First M (old 6s refunded In 1897)guar pA I end zc*
East Maine stk 4 4 % rental 999 years......................
Portland Union R y S ta series “ A ” & “ B” (text) .8 fz
Portland Term now M $10,000,000 g gu xc*A r (text)
Portland
Rumford Falls R R — See that company
Manchester & Lawrence— Stk 10% rent till ’37 1 & M
3
Plain bonds (not mtge) Int guar by B & M ______ zc
Manhattan (Elevated) Ry. N Y— Stock 560,000,000..
Manhattan E lev cons (now 1st) mtge gold.Ce.xc* Ar
2d M $5,409,000 g call at 105 (see te x t).......... Eq
Manila— 1st M Sou Lines g Int gu s t red llO F - .x c * A r ’
N ew 1st M on N or Lines $13,236,000...... ........... Ce
Manistique & Lake Sup— Inc M 4% n-c $1,300,000 ,z
Manist & N E— 1st M g due 40M y ’ly red text.CC.xo*
Manitou & Pike’ s Peak Ry— 1st M $500,000 g .-F .x c *
Manitoulin & North Shore— See Algoraa Eastern R y . .
M arion & R y e V a lley R y — First m ortgage............ x
Md Del & Va— 1st M $2,000,000 auth gold g u a r ----- x
Marshall & East Texas— 1st M gold call 102 ..S S t.xc*
Maryland & Pennsylvania— York & Peach Bot M ..x
First mortgage $1,200,000 gold call at 105-MeBa.xc*
Income mortgage $900,000 4% cum call p a r .. MeBa
Notes $500,000 gold red 1023*................MeBa.xc*
Maryland & Pa Ter 1st M $200,000 g gu red llO -.x x
Mason City & Ft Dodge— 1st M g ----------------Ce.xcAr
Massawlppi— Stock guar same dlv as Conn A Pass___
McCloud River— First mortgage $1.200,000.............. x
Meadville Conneaut Cake & Linesville— First m tg e ..z
Mem D a l& Q — lstArefM$3,600,000g red textM Stxc*
Mem Paris A Gulf— 1st M gold red 103 begin 1919.x
&
A ou t
m n
R te
a
a
M
iles D te Par
R a Bn s V lu O ts n in
od od
a e u ta d g %
We L st D en P ce We In re t a d
h n a ivid d la s h re te s n
ivid d re a a le
P y b a d M tu
a a le n a rity D en s a P y b
Q— F 28 Feb 28 ’ 17 4 %
2
$160 $4,392,538
M A N N ov 1 1928
2,119,000
1,000
44
J A J
122,000
5
100
J
175,000
4
1,000
1889
M A N N o v 1916 2%
4
800,000
100
4
M A N May 11930
800,000
1,000
1890
M A N N o v 1916 3%
350,000
6
100
t
N May 1 1930
1,043,000 4 A 4 4 ,\
500 Ac
1890
J
A J Jan 1917 2 4 %
122,000
5
100
M A S Sept 1 1917
4
175,000
1,000
1897
M A N N o v 1916 2)1%
200,000
100
44
4
J A J July '27-Jan *29
300,000
1,000
’57-’89
J A
J July 1 1961
4,600,000
4g
. . . 1911 1,000 Ac
Maine Cent Off, Portland
N Y , Boston & Portland
Office, Dover, Me
Bos Safe Dep & T r Co
Treas office, Portland
N Y , Boston A Portland
Office, Portland, Me
N Y , Boston A Portland
Treasurer’s office, P ’tl’d
N Y , Boston A Portland
Office, Rockland, Me
Fidelity T r Co. Portland
do
do
M A N N o v 1 1916 5%
1,000,000
10
100
A J Ian . 1 1922
4
274,000
1,000
Q— J Jan 1 1917 1H
7
100 60.000.000
A A O Apr 1 1990
4g
1,000 Ac 40,684.000
J A D June 1 2013
4.523.000
4g
M A N May 1 1939
4g
1,000 Ac 10.575.000
July 1 1956
Pledged
5
1,100,000 Up to 4 M A S Aug 1 1934
1,000
J A
J Jan 1918-1939
1.211.000
5e
1,000
A A O Oct 1 1928
5g
1,000
500.000
Manchester, N ew Hamp
Bost
Me R R . Boston
165 Broadway, N Y
do
do
do
do
N Y , London, &c
110
•110
17
17
53
53
55
55
14
14
19
1908
22
1892
37
37 1890
37 1913
1909
1916
68 1909
text 1909
9 1908
1902
1905
1911
1882
1901
1901
1913
1906
378 1905
37
1907
22 1891
1913
— - 1908
18
77
92 .
40
80
80
J A
A
.
1
175,000
6
500
2,000,000
52
1,000
1,180,000
5 g
1,000
202,450
5
50 Ac
897,000
4g
1,000
900.000 See text
1.000
300.000
6g
100 Ac
200.000
5g
1,000
4g
1,000 12,000.000
800.000
6
100
1,200.000
6
1.000
5
200.000
1.000
See text
1.000Ac
fig
420.000
1,000
6g
chase price to payment o f loans o f Manila R y . (tho English co.), canceling
the A & B deb. stock pledged therefor and so reducing the nominal Issues
o f its deb. stock (and bonds) to the amounts heretofore sold, viz., £2,000,000
Class A 4% and £1,880:000 Class B , the interest rate on tho latter to bo re
duced from 4% t o 3 4 % - Tho A and B issues will then be first and second
charges, respectively, on the $13,236,000 new 1st M . 5% 40-year bonds o f
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.
R E P O R T .— Report for cal. year 1914, In V . 101, p. 842, showed: Gross,
$2,496,367; net, after taxes, $1,011,430; other Income, $157,188; charges,
$1,227,061: bal.. def., $58,444.
Eugene E. Reotl Is President and L . F . Goodale Secretary, both o f Manila;
N . Y . representative, C . A . Do W itt, counsel, 45 Nassau St. Office, 45
Nassau St.— (V . 102, p. 251, 609, 2166; V. 103. p. 145, 938, 1888; V .
104, p. 362. 559.)
M A N ISTE E A N O RTH EASTERN R R .— Owns from Manistee, Mich., to
Traverse City, 71 m.; Solon to Provem ont, 15 m.; Platte R iver 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 4 and Interest until $1,000,000 have
been canceled. V. 88, p. 375, 823: V. 90. p. 1363. Report for Juno 30
1915-16. gross, $502,318; not, $91,577: 1914-15, in V. 101, p. 769, showed:
Gross, $469,797; not, $63,623; hiro o f equipmont (C r.), $2,374; interest
paid, $71,702; balance, doflcit, $5,706.
E A R N IN G S .— 6 mos.,/1916.......... ......... Gross, $226,072; net, $21,961
July 1 to Dec. 31.
\1915........ ........... Gross, 215,237; net, 20,663
Pres., Edw. Buckley, Manistee, M ich.— (V . 101. p. 769; V . 102,p. 1436.)
M A N IS T IQ U E & L A K E SU PE RIO R R R .— Manistique. 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 R R . in Apr. 1911 acaulred the entire $250,000 stock. V. 92. p. 1109. Bonds auth., $1,300,
000 25-year 4% non-cum. incomes. In 1915-16, gross, $118,471; net,
$20,386; other income, $1,039; taxes, rentals, &c., $11,491: bal., sur., $9,
856. Pres. & Gen. M g r., A lfred W . Towsloy, Toledo, O.— (V . 92, p. 1109.)
M A N ITO U & P I K E ’ S P E A K R Y .— Manitou, Col., to summit of Pike’s
Peak, 8.9 miles: standard gauge. Operated from April to November yrlys
Stock, $500,000: par o f shares. $100. D lv., 40% paid In 1913-14: 1915,
Sept., 10%: 1916, nono. For year end. June 30 1916, gross, $165,797; not,
$77,485; other incomo, $1,663: int., $25,000; d lv. Oct. 18 1915 (1 0 % ). $50.
000;bal..su r., $4,148. Pres.. C . W . Sells, M anitou , C olo.— (V . 89. p.847.)
M A R IO N & R Y E V A L L E Y R Y .— Owns Marlon to Sugar Grove, V a..
18 miles. A reorganization In Juno 1900. Controlled by United States
Spruce Lumber Co. Stock, $100,000, par, $100. Dividend 1915, 6% .
Bonds $175,000 6s, see table above. V. 96, p. 1472. Year ending June 30
1914, gross, $86,138; net, $33,291; int., &c., $22,392; bal., sur., $10,899.
Pres. & Gon. M an., J. C . Campbell; Troas., L . A . Amslcr; Aud., B. S.
Charlton, M arion, V a.; C . H . M iller, Fairmont, Va.— (V . 95. p. 1472.)
M A R S H A L L & EAST T E X A S R Y .— Owns from Elyslan Fields. 18 miles
south of Marshall. T ex., on Tex. & Pan., to Wlnnsboro, on M. K . A T . 92 m.:
2 branches, 4 miles. On Jan. 25 1917 Bryan Snyder was made receiver on
application o f St. Louis Union Trust Co. V . 104, p. 452.
Controlled by Interests represented by St. Louis Onion Trust Co. Suc
cessor to Texas Southern R y ., foreclosed Aug. 4 1908. V. 87. p. 416, 481.
Stock outstanding, $200,000. 1st M . 20-year 5s ($5,000,000 auth.), see
V. 93, p. 589, 1787. Loans and bills payable June 30 1916, $316,797; car
trusts, $2,375. For year ending Juno 30 1916, gross, $188,357; oper, def.,
$17,494; taxes and rentals, $9,989; bond int.. $59,000. Pres., Albert T .
Perkins, St. Louis, M o .; V .-P . & Asst. Sec., Osco Goodwin, Dallas, Tex.;
Sec.. Bryan Snydor, and Treas., E. K oy, Marshall, Tox.— (V . 104, p. 452.)
J
F
J
M
M
A
J
M
J
F
A
.)
J
J
A
A
A
A
A
A
A
A
A
A
A
A
A
A
&
Detroit
N Y A Grand Rapids
New Y ork and Chicago
Bank o f Marlon (V a .).
J July 1 1922
Treasurer’s Office, Phila
A Feb 1 1955
See text
J Jan 1 1931
See T le .A T r .Co. Y ork.Pa
8 Apr 11932
Brown Bros. N Y & Balt
S Mch 11951
do
do
o Apr 11951
Alex Brown A Sons, Balt
J Oct 1 1923
do
do
N May 1 1936
.1 P Morgan A Co. N Y
D June 1 1955
A Feb 1 1917, 3% Safe Dep A T r Co, Bost
Mercantile T r Co, San Fr
O Apr 11937
Merch Nat Bk. Meadv.Pa
J July 1 1921
Miss Vail T r C o, St L
J July 1 1913
Merc T r Co, L ittle Rk, A r
J Jan 1 1928
R E P O R T .— For year ending Dec. 31 1915’ gross, $480,084’ net. $115.
717: Int., taxes, A c., $101,968: bal., sur., $13,749. In 1914. gross, $528 322. Pres., O. H . Nanco.— (V . 100, p. 397; V . 101, p. 1092. 1973.)
MASON C IT Y & FORT DODGE R R .—
— Owns road from Oelweln, la ., to Council Bluffs, 259 miles; Haytleld, Minn,
to Clarion, Iow a, 100 miles; branches to Lehigh and Coalville, Iowa, 19
miles; trackage, Council Bluffs to South Omaha, 8 miles, total, 386 miles.
The Chicago Great Western owns entire outstanding com. stock ($19,205,
400 of tho auth. $20,000,000) and the non-cum. 4% pref. stock ($13 635,
752 of the $14,000,000 auth.), and operates the road as part of Its main line
to Omaha under a 100-year agreement dated Apr. 30 1901, and modified
June 1904. M. C .A Ft.D .recelvlng 60% of earns, on business Interchanged.
The accounts showed a deficit June 30 1916. See V . 95, p. 1274. In 1905
$12,000,000 4% bonds were sold. Compare Chic. Great Western B y . and
V. 73. p. 566, 616, 722: V . 77. p. 640; V- 78. p. 1782; V . 80, p. 2621.
Earns. Incl. In those o f O. G . W . system.— (V.95.P.1274; V . 99, p. 1451.)
M A S S A W IP P I V A L L E Y R Y .— Province Line to Lcnoxvllle. 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 Passumpslo
Rivers R R . Stock, $800,000; par of shares, $100: dividends payable Feb.
and Aug. 1- Dividends, formerly 5% . 6% since Jan. 1 97. Of the stock,
$400,000 owned by tho Conn. A Pass. River Is deposited under its mtge. and
$50,000 represented by Connecticut Trust A Safe Deposit Co. of Hartford
5% trust certificates 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 R IV E R R R .— Owns from Sisson, Cal., toM cG avIc, 50.6 miles.
Stock, $1,200,000. Bonds ($1,200,000 auth.). Mercantile Trust Co.. San
Francisco, mtge. trusteo. V. 85, p. 1005. For year ending Juno 30 1916.
gross. $319,746: not, $59,512; 1914-15. gross. $295,229; net. $39,701;
other incomo, $6,834; Int., &c., $68,881: bal., def., $22,346. Pres., J. n .
McQueal, San Francisco.— (V . 85, p. 1005.)
M E A D V IL L E CO N NEAU T L A K E & L IN E S V IL L E .— M eadville to Lines
vlllo. Pa., 20.5 miles, and branches, 1 mile; total, 21.5 miles. Leased
to July 1 1990 to Pittsburgh Bessemer A Lake Erie R R .: rental. 25% of
gross earnings. Stock, $200,000; par, $50. Dividend In 1913 to Oct. 1916,
4% (2% A . A O .). For year ondlng Juno 30 1916, gross, $28,091; net, $27,765:
bond int., $10,000; divs. (4 % ), $8,000; bal., sur., $8,795. Y ear 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.)
M E M P H IS D A L L A S & O U L F R R — Owns from Ashdown to H ot
Springs, Ark., 114 miles: Ashdown to Texarkana, 20 in.; Graysonla to
Leard, 6 m.; Dalevlllo to Dalark, 11 m.; total, 151 miles. Extensions pro
posed north to Momphis, Tenn., 255 miles, and south to Dallas, Tex.; 186 m.
Stock authorized, $3,600,000; par, $100; outstanding $1,027,000. O f
the 1st and ref. 30-ycar gold 6s ($3,600,000 auth. issue), $1,015,000 were
issuable at once, $420,000 are reserved to retire the $420,000 Memphis
Paris & G ulf 6s, which aro guaranteed principal and interest by Nash
ville (A rk .) Lumber C o., and $2,165,000 for road acquired or constructed
at $18,000 per mile In 5-mlle sections: they aro redeemable at 101 and Int.
to Jan. 1 1918 at 103 and Int. thereafter: outstanding Juno 30 1915, $558,
000. V. 96, p. 237. 887. Car trusts M a y 31 1914, $15,669: loans and bills
payablo, $772,792. In Sept. 1916 mortgago trusteo appllod for a receiver.
For year ending Juno 30 1916, gross. $336,865: not, $58,814; 1914-15,
(S e M C ica oG a Ws rn
e ap h g re t e te .)
— (V . 97. p. 887.)
M E M PH IS U NIO N STATIO N CO.— Owns union passenger station at
Memphis, Tenn., used by Loulsv. A Nashv., Nashv. Chatt. A St. Louis;
Southern R y ., St. L . Iron M tn . & So. and St. Louis Southw., used since
April 1 1912. Interest charges and expenses are apportioned among the
lines on tho user basis. ’ Stock, $100,000, owned equally by fiv e roads
named. In N o v . 1909 made a mtge. to the Bankers Trust Co. o f N . Y „
as trusteo. to secure an issue o f $3,000,000 5% gold bonds, guar. Jointly
by fiv e roads named. V . 97, p. 1025; v\ 93. p. 1324; V . 89. p. 1411,1542;
V . 9 0 „p . 236; V . 91, p. 94.— (V . 97. p. 1025.)
M A R Y L A N D D E L A W A R E & V IR G IN IA R Y — Operates L ove P t.. Md..
to Lewes, Del., 72 miles; Queenstown Jet. to Centerville. Md., 5 m.; total,
M E R ID IA N & M E M P H IS R R — Meridian, Miss., to Union, 33 miles,
77 m.; and Lewes to Rehoboth, 5 m., Is trackage over Del. M. A Vlr. Also completed December 1913. Has largo terminals at Meridian (used by
owns 10 steamers on the Potomac R iver. A c.. but on Aug. 20 1914 was N . O. M ob. & Oh.) Stock auth., $500,000. and bonds, $675,000 (closod M .)
ordered to dispose o f practically all Its water lines; In Feb. 1917 matter was 30-year 5s aro owned by the company that financed tho onterprlso and aro
not definitely decided. V . 101, p. 694.
pledged to secure the notes shown in table above, said notes having been
Stock, 63,000,000. of which one-half each of common and 4% non-cum. Issued by a voluntary trust in 1916, see offering. V . 103, p. 1118. In
prof.; par o f shares, $50 each; 1st M . 5% bonds due Feb. 1 1955, $2,000,000; Doc. 1916 tho M eridian & Tom bigbee R iver R y. was incorporated as suc
loans and bills payable Dec. 31 1915, $689,290. Balt. Chcs. & Atlan cessor o f tho M eridian A Deepwater R y ., partly built, from Meridian west
tic R y. (Pennsylvania R R . system) in Juno 1916, owned all tho common to Tombigbeo R iver, 47 miles, o f which 27 miles, from Meridian to a point
and $300,000 pref. stock, and guarantees bonds. In 1916, gross, on the A la. Tonn. A Northern R R ., Is expected to be completed during 1917.
$924,287; net, $33,424; other incomo, $1,424; charges, $166,905: bal., def.,
— For year ending Juno 30 1916: Gross earnings wero $132,512
$132,057. Y ear 1915, gross. $904,155; net, $46,054.— (V . 100, p. 1168; and net earnings $08,165; for calendar year 1916 estimated $155,000 and
V . 101, p.694; V . 102. p.1346.)
$78,500, respectively.
.
Pres., J. T . Schloy; Sec.. E . B. M cR aven; Treas., C . W . Schamber.
M A R Y L A N D & P E N N S Y L V A N IA RR .— Baltimore, Md , to Y ork, P a .. Office, M eridian, M iss.— (V . 103, p. 1118.)
78.9 miles. V . 72, p. 339, In 1910 obtained right to build to tidewater.
M E R ID IA N T E R M IN A L CO.— Owns passenger stations at Meridian.
STO C K A N D B O N DS.— Stock authorized, $3,600,000, of which $1,997, Miss., opened Sept. 1 1906, and used by Southern R y ., Mobile A Ohio, New
Orleans A Northeastern R R .. Ala. A Vicksburg and Ala. Great Southern,
500 reserved for conversion o f notes (see below) and futuro requirements.
which own one-fifth each o f the capital stock ($100,000) and guarantee the
In 1902 the authorized Issue o f the first 4s was reduced from $2,700,000 to
bonds jointly and severally by endorsement; form. V. 85. p. 601. l ’ res.,
$1,200,000, o f which $203,000 are reserved to retire the York and Peach
Bottom 5s and $100,000 additional for future purposes, &c. V. 74, p. 94, R . V . Taylor; Sec., G . A . Cooko.— (V . 85, p. 601, 1402.)
427; V . 79, p. 2205. O f the 6% notes o f 1913 ($500,000 authorized issue).
M E X IC AN N O RTH ERN R Y .— Owns from Escalon, Mexico, on the M exi
3300.000 have been sold. T h ey are convertible Into common stock at can Central R y ., to Sierra M ojada. 83 miles, all stool. Soe V . 64, p. 619.
$50 per share up to July 1 1923. N o mortgago can be made without pro
Bonds, see V . 88. p. 14.37, 1500: V . 89. p. 104: V. 91. 0. 1026.
viding for the notes. V. 97. p. 1115, 951. Maryland & Pennsylvania T e r
D IV S .— /’9 3 .’ 94. ’ 95-’99. ’00, *01. ’02. ’03. ’04-’0S. ’09. ’ 10-’ 12. 1913.
minal guaranteed bonds. V. 82, p. 1041, 1102. Equipmont notes Oct.
Per cent
\65
4 6 4 y ’ly.
5 4,4 2 4 1 4 None. 13 4 y rly 1 4 . 0
1916, $49,000. V. 96, p. 203. Paid on Incomes, 1901, 3% : 1902 to Apr.
— (V . 91. p. 1026; V . 96. p. 1635: V . 103, p. 759.)
1914, incl., 4% yearly (2% A . & O .); none since to and lncl. Oct. 1 1915.
M E XIC AN R Y ., L T D .— City of Mexico to Vera Cruz, 264 miles: Puebla
V . l 6 l . p. 1092.
branch, Aplzaco to Puebla, 29 ra.: Pachuca branch, Ometusco to Pachuca,
29 m.: Zacatlan branch (narrow gauge)* 33 m.; Huatusco branch (narrow
E A R N IN G S .— 5 mos.,/1916................... Gross, $262,590; net, $80,590
gauge), 20 m.; Huajuapan branch narrow gauge, 28 miles; total June 30
July 1 to N o v , 30.
(1915................... Gross, 248,349; not, 65.877
E rn gs.
a in
Feb ., 1917.1
RAILWAY STOCKS AND BONDS
RAILROAD COM
PANIES
[For a b v tio s A c., sen te o first p g ]
b re ia n ,
e osn
ae
A ou t
m n
M
iles D te Par
a
R te We L st D en P ce We In re t a d
a
h n a ivid d
s
a e u ta d g % P y b a d M tu
a a le n a rity laivse h rerete y b n
R a B n s V lu O ts n in
od od
D id n s a P a le
d
a
Mem phis U nion S ta tio n — 1st M g guar__B a.xc*r*
M eridian & Memphis R R — 1st M $800,000 red 105-.
Oollat trust notos (o f voluntary trust) call lO l.C C .c
33
Meridian Terminal— fir s t a l 5250,000 g g u .-G x c ’ &r
3.27
Mexican Central— Mexican International— See Nation al Hall
Mexican Mineral— 1st M 5500,000 g red 110 s I ____ Ux
16
Mexican Northern— Stock, 53,000,000...... .................
First mtge U 8 gold red 105 s f ext in 1909-G.xc*&r
83
Mexican R y 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 Southern Ry— Ordinary stock, £1,000,000..
lst M
deb stock £1,000,000 red at par 90 yrs___
Prior lien bonds____________________________________
Mex No W est— Prior lion bonds £2.500,000 red
1st M gold red t e x t ______ ____
_________________
Conv Income bds £1,000.000 6
cum red par s f.c *
Equipment gold bonds £480,000-._____ __________
Michigan Central— Stock_____________________________
Refunding & Im pt M tg e $100,000,000..................... 1,200
—
270
First mortgage 518,000,000 gold................ G.xc*&r
115
M C Michigan A ir Lino first mortgage____ Un.xc&r
171
1st M on Det& Bay City — .......... ................. Un.zc
171
do
do
bonds without coupons— zr
Debentures gold....................................... _G.xc*&r*
84
M C new M on Or R lv Val 54.500,000. g text.Gxc&r
39
M C first mortgage on Kalamazoo &S Haven.xUn.r
Mich Cent 1st M on Jack Lans & Saginaw g __xc*&r
379
M C 1st M on Joliet & Nor Indiana 53.000.000 g .x
45
Equip. Tr. $4,500,000 ($300,000 due s-a) guar, gyc*
La y City & Battle Ur 1st M g gu p & 1 en d.A lp.zc*
18
Battle Cr & Sturgis 1st M g guar p & 1 end.M p.zc*
41
TolCanSo&Det lstM$4,500,000 g gu (end) G.xc* &r_
59
Detroit R iv Tunnel Co
See that company
1913 $1.000&c
1,000
1913
1,000
1916
1905 1,000 &c
ways o f Mexico
1899
100
1,000
1890
£10
£10
£10
£10
£100
1909
4%
1 2A
0
%
1896
1913
1913
1909
1912
_ __
U d in Bn s to b R fu d d
n erly g o d
e e ne
-,-
_
a Exclusive of 531.000 held by sinking fund, b $2
c O f which $16,819,300 hold by N Y Central R R Co.
1916
1902
1890
1881
1881
1909
1909
1889
1901
1907
1915
1889
1889
1900
1,000 &c 18,000,000
1.000 &c
2,600,000
1,000 \ 4.000.000 /
1.000 &c /
1
l.OOO&c
7.634.000
1.500,000
l.OOO&c
700,000
1.006
1.707,000
1,500.000
1.00C
4.200,000
1.006
250,000
1.000
X421,000
1.000&C
3,100,000
2A
4l
A
E A R N IN G S .— For 6 mos. ended Dec. 31 1914, gross (M ex. cur.),
$4,322,095, against $4,968,036 in 1913; not, $1,456,391, against $2,454,777
in 1913; total net revenue, £41,066; debenture, &c., int., £74,390; deficit
charged to reserve, £33,324. Offico, Finsbury Court, Finsbury Pavem ent,
London, E . O.— (V . 99. p. 1673; V. 100, p. 2291.)
M E X IC AN SOUTHERN R Y .. L TD .— Puebla to Oaxaca, Mex., 228 miles,
all narrovv-gaiure; branch, 31 m Tehuncan 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.
Tho road passes June 8 1990 to the Stato without payment, except for
stations, rolling stock, &c. V. 79, p. 2642. Leased from Jan. 1 1910 to
Interocoanic Ry. o f Mexico. See that company. The rental due June 30.
July 28 and Dec. 31 1914 and Jan. 28 and A pril 27 1915 are to bo satisfied
by 5% deb. certificates redeemable from earnings. As no rentals have been
received from Interoceanic R y . for period subsequent to June 30 1914, an
extension o f the moratorium for 2 years to M a y 29 1917 was agreed to.
V . 101. p. 130; V. 99. p .4 8 . 674.
In t. on 2d debs, (now 1st) payable only out o f profits on Feb. 1 & Aug. 1.
OFFIC ER S.— Chairman, Sir Ernest Paget; Sec,, Thos. Linton, 53 New
Broad St.. London. E . O.— (V . 80. p. 222; V. 101, p. 130.)
M E XIC AN O D EL CENTRO R R .—
MEXICO NORTH W ESTERN R Y .— Owns and controls 540)4 fnlles.
Ciudad Juarez to Tabalaopa
La .Junta to Mlnaca............ ......6.34
(Chihuahua) ....................... 475.78 Cumbre to Chulchupa(bulldlng) J5.08
San Antonio to Cuslhulriachio. 13.0o|
Owns over 3,000,000 acres o f timber lands, with 2 mills at Madera with a
capacity o f 175,000,000 ft. per year, and 2 mills at Pearson with a capacity
o f 250,000,000 ft. per year. Controls finishing,
plant at E l Paso, T ex.,
capacity 100^,000,000 ft. ^er year. See V. 88. p. 749; V. 89. p. 348. 470;
&
c..
Stoclc.' $4 0 ,000,*
000’ (par $100). o f which $25,000,000 Issued.
B O N D S .— Present limit 1st M . 5s, £8,459,700; issued, £5,600,000; may
be increased for extensions, terminals, cloublo-tracking and other special
purposes; N at. Trust Co. o f Toronto, trustee. Bonds are redeemable at
par M ar. 1 1959 by annual payments, commencing in 1919. to be applied
In annual drawings at par or by purchase at or below par, or as a whole at
105. V .8 8 . P . 749, V. 93, p . 28, 1324, 1463; V. 95, p. 176. Coupons pay
able at Bank o f Scotland, London; Guaranty T r . C o., N . Y ., and Bank of
Commerce, Toronto. The payment o f the Sept. 1913 coupons was deferred
becauso o f disturbed conditions In M exico which made operation o f railway
and lumber mills impossible. V. 97, p. 621, 695.
As to 6% cumulative convertible Incomo bonds, see V , 94, p. 1627.
Th e issue o f 15-year prior-lien 6% bonds Is limited to £2,500.000. secured
by a prior lion oni the entire'Property, o f which £1,671.000 have been sold.
Tho remaining £829,000 are resorved for future requirements, incl.
int. on prior Hon and 1st M . bonds. Red. at 102)4 any time on 6 months’
notice. Trustee. N at. Trust C o., Toronto, L td . V . 90, p. 285, 1229.
Tho payment o f the Sept. 1914 coupons was doferrod, owing to financial
conditions in Europe and Mexico. V .9 9 , p.674.
R E P O R T .— Report for calendar year 1911 In V . 95. p. 478. showed:
Gross incomo (American currency), $961,468; not Incomo, $460,581; other
lno„ $253,231: bond !n t„ $849,162; gen.exp., $189,438: b a l..d e f„ $324,788.
(V . 97, p. 521.’ 595;’ V . '99, p. 269. 074; V. 103, p. 938.)
N w Y C n l Lin
e ork e tra es.)
M IC H IG A N C E N TR A L RR .— (See Maps
— L IN E o f R O A D .— Main line— Kensington to Detroit, 270 miles,
and Windsor to Suspension Bridge (Canada Southern), 220 m.; total main
line 496 miles. Branches owned and leased, 1,211 m.: trackage (111. Cent.)
Into Chicago under perpetual lease, 14 m.; other trackage, 82 in.; total
Jan. 1 1916, 1,803 miles, with 604 m. of 2d track and 1,509 tn. of side tracks.
Chicago Kalamazoo & Saginaw R y ., Pavilion to Woodbury. Mich., 55 m..
and East Jordan Branch, Iredcric to East Jordan, 43 m , aro controlled
but oporated independently. V. 84, p. 50. Th e shareholders voted
June 8 to purchase tlieso and 15 other subsidiaries, including all tlioso
mentioned In table above except Detroit River Tunnel Co. V. 102, p. 2254.
Third-rail electric Detroit River 1 unnel, 2.42 m. long. Is leased for 99!- yrs.
See below. V. 90. p. 710; V. 91, p. 276; V. 92, p. 1499; V. 98, p. 236.
C O N T R O L .— The N . Y . Cent. & Hud. River R R . Co. In April 1898 gave
*115 In Its 3
100-year gold bonds for $100 stock, and so holds $16,819.
800 of the $18,738,000 stock Issued. Seo that company’s statement (also
V . 93, p. 1787; V. 96, p. 1424, for proposition looking to ultimate merger.
D IV ID E N D S .— /’91. ’ 92-’94. ’95-’ 05. ’06. '07. ’08. ’09-’ 14. '15. 1916
5 5 H y ’ly. 4 y ’ly.
5
0
8 6 y ’ ly
4
4
Since 1890 ........
In 1915 paid 1% Jan. 29. 2% July 29. 1% special Dec. 28. In 1916.
Jan and July 29, 2% ; 1917, Jan , 2 % . As to method o f reporting d ivi
dends, seo V .101, p. 48.
%
\
b326,000
3,000,000
a708,000
£2,254,720
£2.554,100
£1,011,960
£2,000.000
£480,700
£1.000,000
£864,000
5K
5
6g
4g
6g
M & N N o v 1 1959
1 &
J Jau 1 1943
J & ,T July 1 1919
M & N May 1 1955
F
e
J
4A
r
A
F
F
6
6
V
i
Bankers Trust Co, N Y
UnBk&TCo.Jacks’n.Ten
Chicago and N ow Y ork
Guaranty Trust Co, N Y
&
A Aug 11919
82 Beaver Street. N Y
May 1 '13 1
Office, 82 Beaver St, N Y
D Deo 1 1930
do
do
6 ’ 13.1
Glyn,Mills,Currie&Co.Lo
N ov 6 ’ 13, 4%
do
do
N ov 6 ’ 13, 3%
do
do
& J Perpetual
See text
& O Dec 1960
See text
& A
& A See text
1928
1928
Sept 1914 coup deferred
S Mch 11959
Sept 13 coup deferred
& S15
1st coup Mch 1913
See text
J Jan 29 19172% Grand Cent Term ’ l, N Y
&
N
ov
&
&
&
&
3
g \r
N May 1 1952
4
,i
J Jan 1 1940
M & S Mch 11931
5
—
C1 M Mch 11931
5
4g A &
Apr 1 1929
M & s Sept 1 1959
4g
5
M & N N ov 11939
3)4 g M & s Sept 1 1951
4 g J & J 10 July 10 1957
A & () T o Oct 1 1931
5g
1 & D Dec 1 1980
3g
3 g J & D Deo 1 1989
4 g J & J Jan 1 1950
o
Reg at G C T ; cp at G Tr
Union Trust Co. N Y
do
do
Grand Central Term . N Y
do
do
do
do
do
do
Reg at G C T; cp at G Tr
Ouarant.v Trust Co, N Y
N ew Y ork and Phila
Union Trust Co, N Y
do
do
Grand Central Term , N Y
4.000 additlo nal In sin king fund.
xA n additio nal $79,0 00 is guar b y N Y Cc ntral R R
%
A%
$2,500,000
See text
200,000
250,000
4
6
£100 £1,671,000
6
£100 £5,600.000
5g
ii
£20 &o
£750,000 Up to 6 M
(?)
5
*100 C$18738000 See text J
(? )
1914, 403 miles. Jointly guarantees debentures o f Vera Cruz Term inal C o.
On N o v . 18 1914 the military authorities took over the line and no returns
wero rendered to the company. In Sept. 1916 the Carranza G ovt, had
turned over the system to Its owners. V . 103, p. 991.
D1VS. (Sfnce'04.)1905. 1906. 1907. 1908. 1909. 1910. 1911 1912. 1913.
8
8
7 3-16 8
8
8
8
First pref----- % ) 5 X 7 1-16
Second p re f..V o ) - - 1 X 41 3-16 3 X 15-16 4 7-16 6
6
6
19-16 2 X
Common........ % J ................................................
Tho holders o f the perpetual deb. stock and 4 X % 2d debentures on Jan. 7
1915 voted (a) to defer until 1917 the payment o f tho 4 installments o f in
terest duo in 1915 and 1916 and to issue certificates for the same bearing
6% and
% Interest, respectively, due on or before Jan. 1 and A pr. 1
1917, respectively; and (2) to om it the sink, fund for 2d deb. in 1915 and
1916.
100, p.229.
M E X IC AN U NION.— V . 98. p. 623.
V. 91, p. 215, 1630.
81
B O N D S — The $100,000,000 Refunding & Im provement mortgage o f
1916, is to cover about 1.200 miles o f directly ownod road, also leaseholds,
&c. Tho now bonds w ill be Issued in series, all equally secured, and about
840,000,000 thereof w ill be reserved to provide for refunding the under
lying bonds shown in table above, after $10,000,000 o f the new bonds have
been issued for other than refunding purposes, bonds thereafter put out
under the mortgage for additions and improvements must not exceed 70%
o f the cost o f such outlays. Th e debentures o f 1909 will bo secured by the
now mortgage on a parity with the bonds Issued thereunder. V . 103, p. 2156.
A
bonds for $500,000, but o f this $79,000 was subguaranteod by the Lake Shore & Michigan Southern (now merged into
the N ew York Central), 7 miles o f the Battle Creek & Sturgis being oper
ated by that company.
Th e $1,708,000 3
o f 1901 are a first mort
gage on the Jackson Lansing & Saginaw R R ., 379 miles (V . 73, p. 1061):
V .7 6 .p . 1027. O f the $18,000,000 3)4s o f 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, see V . 84, d . 1367. 1428; V. 100. p. 556, 642.
A
guar. 4s of 1906, see V . 82, p. 930 V. 85, D. 406.
In April 1909 an Issue of $25,000,000
20-year debentures was author
ized, of which $7,634,000 sold to orovide for advances to Detroit River
Tunnel Co. Of the $4,500,000 authorized 4s on Grand River Valley R R ..
$1,500,000 are reserved for double-tracking, A c., 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. Tho $6,000,000 1-year
notes due M ar. 1 1915
were paid at maturity and $4,000,000 new
notes were issued.
As to guaranteed bonds o f Canada Southern and D etroit R iver Tunnel
Co. see thoso companies.
Equipment bonds o f 1915. see V . 103, p. 145; V . 102, p. 1447.
Jointly with four other roads, covenants to pay N ew York Central Lines
$62,200,000 car trusts o f 1907, 1910, 1912 and 1913, the company’s share o f
equipment trusts outstanding Dec. 31 1916 being $1,562,553, $3,151,683;
$1,517,109 and $2,693,849, respectively. V . 85. p. 1402; V . 86. p. 168;
V. 88. p. 761: V . 90. p. 1677; V. 92. p. 807.
B ttle C e S rg
a re k tu is
A
s
T le oC n d S D
o d a a a o. el.
4%
4A%
4A%
E A R N IN G S .— 5 mos.,/1916........ Gross, $20,363,023; net, $6,498,122
July 1 to N o v . 30.
(1915......... Gross, 16,451,381; net, 4,962,578
A N N U A L R E P O R T .— Report for 1915 in V . 102, p. 1430, 1447:
31—
1915.
1914.
1913.
Railroad revenues__________________$36,540,665 $33,464,968 $36,676,971
9,285,601
6,681,796
7,281,058
Operating income after taxes_______
Other income________________________
928,483
926,363
1,246,057
Y r e d gD
ea n in ec.
Gross corporate income____________ $10,214,084
Rentals leased linos................
$3,444,651
Interest on bonds, & c_________________ 1,706,395
569,581
Other rents and miscellaneous_______
lliro o f equipment___________________
1,566,501
Additions and betterments__________
113,176
D iv id e n d s ........................................ *(5%)936,900
$7,608,158 $8,527,115
$3,402,187 $3,662,314
1,829,030
1,552,500
597,67.3
661,936
1,364,849
1,367,205
--------------------(4)749.520 (6)1,124,280
Balance, surplus or deficit_____ sur.$l,876,881def.$335,i00sur.$158,8S0
♦O f the above divs. in 1915— 1% ($187,380)— was paid out o f total surplus
Pres., A . II . Smith, N . Y . — (V . 103, p. 145. 2156; V . 104, p. 664.)
..
M IC H IG A N E A S T & W E S T R Y .— Manistee to Marion, M ich., 72 m.;
Filer C ity to Sands, 2 m. Successor o f Manistee & Grand Rapids R R .
V. 91. p. 887. 365; V. 98, p. 74. Stock, $1,000,000; outstanding, $200,000:
par, $100. N o bonds to bo issued at present. For year ending June 39
1915, gross, $78,170; op. def., $16,106. Pres., J. S. Joyce; Treas., F. P .
Leffingwell, both o f Chicago. Office, Manistee, M ich.— ( V . 98, p. 74, 230.
M ID D L E T O W N & U N IO N V IL L E R R .— M iddletown. N . Y .. to
Unlonvillo, N . Y .. 13.65 miles. Has an agreement with the N . Y . Ontario
& Western R y . for the use in perpetuity both o f the terminal in M id dle
town and o f the mile o f track used in entering that city.
Incorp. In N . Y . N o v . 14 1913. Successor, per plan, V . 97. d . 887,
Doc. 1 1913 to Middletown Unionville & Water Gap R R ., foreclosed Oct. 25
West. R y., but reorganized
1913, which was controlled by N . Y . Susq.
Independently. Stock, $150,000, held in 5-year voting trust, with author
ity in m ajority o f trustees to sell same. Adjust, mortgage coupon N o . 3.
for 6 mos ending A pril 30 1916, was paid N o v . 1 1916. V 103, p. 1593.)
For 12 mos. ending Dec. 31 1916, gross, $83.2
net, $27,9)8; Int. o »
bonds. $21,320; rentals, & c ., $4,764; bal., sur.. $1,824. Chairman, Newman
Erb; Pros., Charles 1. Henry, 21 Stato St., N . Y .; V .-P . & Gen. M g r.,
J. A . Smith; Treas., Garrett T . Townsend; Sec., Frank H . Finn.— (V . 98,
p. 387; V. 101, p. 1371; V . 103, p. 1593.
A1IDLAND C O N T IN E N T A L R R .— (V . 102, p. 66; V . 103, p. 239.)
M ID L A N D P E N N S Y L V A N IA R R .— Under construction from Millersburg, Pa., to Ashland, 44 miles. Stock authorized and outstanding, $2,
000.000. Bonds authorized. S2.000.000. About $812,300 bonds issued
to Feb. 1916 account construction 15 miles, Millersburg to Gratz completed
in 1916. Int. defaulted July 1912. Pres , W m J Latta; Sec -Treas.,
John II Williams, Pottsvillo, Pa .— (V. 95, p. 298; V . 99. p. 467.)
M ID L A N D R A I L W A Y .— Statesboro, G a.. to Stevens Crossing, 39 m.
In October 1916 an extension to Savannah, was nearly completed.
V . 105, p. 1118. Formerly Savannah Augusta & Northern R y .. sold In 1918
by receiver for $250,000 to W . J. Oliver. V . 101, p. 450, 1372. Y ear
1910-11. gross. $23,192; net. $6.979.— (V . 101. p. 450.1372; V . 102, p. 251.
V, 103, p. 1118.)
M ID L A N D V A L L E Y RR .— Owns and operates from Excelsior A rk .,
south to Hoye, Ark., and north to Fidelity, A rk .; also from Excelsior west
to SUverdale, Kan., and from Jenks, Okla., to Glenn Pool, Okla., a total o f
304 miles; also operates under trackage from Maney Jet., A rk., to Ft. Smith,
16 m .. and Silverdale to Arkansas C ity , Kan., 9 miles; leases Wichita &
Midland Valley R R ., Arkansas C ity to Wichita, 51 miles, for 50 years from
July 29 1910, for 25% o f the gross earnings (and any deficiency necessary
to meet the bond int. and taxes); total oper., 380 m. V . 92, p. 462, 796.
&
. L eech
Jiam es V. ^5}
ifo
,Edgeley<>—
lloru m gS vEllendaley-
______
_
s F a lls
M .y O a k e s
^
Masoj
\iGBe Esta
fP a r k 1
IRapids
M orrl
fe s s
A
~ .Prenti<
1'urtle
iSlonico Jc.
Marinette^
Wausai
y
S_
■^r^f
v£racy
E lk t o n '
a
M adlsoff
\MitcheU\Saiem
ff
j
— Seaxled
%
Banska HQ? , r
t
1
P lo v e i
f
sa»ejr * Mankato^><C__-4 IwASES
rHuntingtoa
Armatror
y ia rio i^ -fA P a rk e i
/
Raleizhi
Terrill/
M. Tapgdoc£
SPENCER jr
Greenville m
.A. Cornell
tocotland
rfo c \ «U
-M _ «r ,\
-Waukesha]
'Clermont
V
Geneta'*
lACKLEt
JEldcra
APO IE
AIR ^
Pilot Slot
'W ayn e'
W, GRAWO J(
^ \ L o u p Cyl
|
Carroll
Ina.w.a
Ericson, t
\ Albion'
A lS jJS \
STAieCtR^C7«*a
iS & m
lta e /
O.
/
^
Jlintoi
Aurora'
Joliet'
_____ E en d allV ;
1
Maxon
AtBlA
:
B-.
Gilman A> a
^ vBloom ingtoi
ib lica a
p \ G ib io n
Frank foi
I D lu m lle /
,a Plata
itllevU le
]ncis‘
[M acon
Irvin i
Stockton
I L a F a y e tje 1
II I
Norton
L im o ir
W SBai
(B orlin gton '
linden
C olbv
^
*GIvin
tymour.
V
or<LA
b.Bcnd'piJoshei
ECDYVILLE
a
H o ld re g ?
Kalamazj
B gn tpn »
K a ^ o jw :
j^Iym outk
^Council B l u e s '—
Grand Island^
Kearney
—____2£V.
:KTord\
•*Genoss
(Cedar Rapid\
I
ReyOak CrestX
Julesbun
^ arsmau-tow- n
iPickerint ' '
iGUtnin
,
NEW URQ „ .
O
I grirneluIM o
■KnffSS! tg'-NEWTbadC'j fta S e a r a b o r o / DCS M O IN E S ^ .K !lliu n > L , r^MCmTEtuMA
'XLmnville Jo>®
.rvvtAP^
['cN^vSjalntop
Columbu:
\Grand'
Freeport
'ubnqjae'
TABBOTT'
Oakdale1
G rand Hi
O ttaw a Bt
E lk h o t
iFaulknel
Lena
^
;ine
lesvilltj
A V en d l
DENVER
d u C b ie n
lOssl&h Mil
\XZyETarlea Cyi
R andolph
Culbert;
r ^ s f^
Vlroqua
•Pecorah.
r
O’N e i l
Butka
Cadilli
Sparta,
‘ Osagd
Visett
iSTLb.ERVLUL
AlnswortSf
Sterlini
W ln n econ n e
N io b ra ra c
Valentlm
Copeiiiish
M a n is te e ^ ''
W ln onl
y Dunnell
V
tTitta
fg m n o n t
C e n t r a lia ,
tb a s h a
i
iOti»co\
ST: i ^ f S ^ / 2 —^ t T c ^ t a l
cc' '
LHartlaflA
.A fSjasftrftALQ£nT L r * Manckfc f
y
p ^ i g Z - J 2 ± ---------
■pipestone
| \ Vilas,
*
C b a m b e r li
^Clinton
^5? / • ¥
a
R A IL W A Y STOCKS A N D BONDS
W olsey
W oon sock et.
Buffalo Gaj
E la n d
‘ A b b o ts fo r a
lla tre
u stim
a
to
jpooner
^ C h ip pew a Falls*
Forest
cy- v
00
RAILROAD & CONNECTIONS.
H in ck ley,/
fiu n t s b u r g
Ava’s Valle;
<
M
INNEAPOLIS & ST. LOUIS
Valley
PACIFIC
'^ N O R T H E R N
M AP OF THE
L.
Downs
Irawfordsi
W.Quint
lannibal/
P i y c c 'V
"A tch isow
Mattot
Louisian:
ea/'enw.ort
lolumbus'
O akley'
'J jS a rla n t
lolnrabii
iwrenci
'Olathe
G ila io r^ ^ ^ ^
-----^St.gltarlt
leymou
Pueblo
M cP h erson i
La. J u n t a
ATOM.
iporia
Jetm ore
’lorenci
tutcb inst
ySAMTA/i
_
'« S 1
4
i
\“•
>o
1
^Su
S a ndoval
ry-
Cliitod>jC
^
/ \
Bagnell
tarta
-ornir
[V o l . 104.
Colorado
Sprs.
F e b . 1917.]
RAILWAY STOCKS AND BONDS
RAILROAD COM
PANIES
IFor a b v tio s & sen te o first p g ]
b re ia n , c., e o s n
ae
M
iles D te Par
A ou t
m n
a
R te
a
R a B n s V lu O ts n in
o d o d a e u ta d g %
M id d letow n & U n lon v R R — 1st M $500,0 0 0.. Ba.y
14
Second M 6% non-cum adjust Inc bonds red par y
Midland Pennsylvania— 1st M $2,000,000 gold red s f .
M idland Val R R — 1st M g red 102 X beg ’ 16 O Pxc*
299
Adjustment mtge (2d Income) gold red p a r F P .x c *
299
Wichita & Midland Val 1st M g gu red par_____ xc
Mill Creek
Mine Hill Navigation & RR— Stock____
Milwaukee Lake Shore & Western— Milwaukee Sparta & Nor
Milwaukee ^Northern— See Chicago Milwaukee
St
37
M ne Hill & Schuylkill Haven— Stock (6% r e n ta l)...
26
M ncral Point & Northern— 1st M $450,000 g o ld .F .x
16
Mineral Range— Consol mtgc (text) gold red at 105.zc
73
General mtge Interest guar by Canadian PacIllc.Fz
34
Hancock & Cal cons mtge gold red at 105 assum._z
Equipment Trust notes Series 1...............................
do
do
Series 2___________________
__
...
do
do
Scries 3_______ ________—
M nneap Red Lake & Manitob— 1st M $700,000 sr.F.xc 33 X
M ln ncap & St L— Stock, all o f one class, $26,000,000
First mtge Merrlam June to Albert I.ea g — F.zc*
109
Pacific extension first mortgage gold----------Ce.zc*
103
First consol M closed M g (V 59, p 1145)-Ce.xc*&r
502
First & ref M $13,244,000 gold ($18,000 p m)___Cex
779
Refund andextcnM $75,000,000 g red lOTi.Uxc’ &r* 1,409
Car tr ser A g due $60,000 yly (V 88, p 1373) PeP.xc*
Gar trust ser B gold due $18,000 yearly— PcP.xc*
do
Ser C part due y e a r ly ---------------- PePx
Equip tr duo $40,000 each N o v 1; call 102X — PeP
Locom otive trusts duo $6,250 quar_____ ____________
___
Iowa Central 1st At g (V 49, p 582)-------------Ba.zo*
502
1st ref mtge $25,000,000 g (sec text)__U n .xo*& r
539
Car trusts ser A due $32,000 y rly _________PeP.xo*
Car trusts ser B due $16,000 or $ 15,000 yrly Pcp.xo*
American Locom otivo Co notes________________
Des Moines & Ft Dodge gold guar p & l__Ce.xc*&r"
138
Hock Coal Co 1st M $600,000 gu red 105 sf__Em.xc*
&
&
&
_
_
_
_
_
_
_
1913
1913
1910
1913
1913
1911
$100 &c
100 &c
1,000
100 &c
1,000
25
III Wes tern — Se e
1905
1891
1901
1891
1910
1913
1916
1905
50
, 1,000
500 &c
100,000
1.000
1,000
100
1877
500 &c
1881
1,000
1894
1,000
1899
1.000
1912 1.000 &c
1909
1,000
1910
1,000
1912
1,000
1915
1.000
1915
250 &c
1888
1.000
1901
1,000
1909
1.000
1910
1,000
1915
1905
1,000
1912
1.000
O R G A N IZ ’N .— In 1913 readjusted without foreclosure, V . 96, p. 654.
common. $16,000,000; pref., $5,000,000; outstanding
$4,006,500 each o f common and 5% pref. (prln. and d lv .); par, $50. ~
‘
Th e pref. stock Is redeemable at par on any dlv. date after July 1 1916 on 30
days notice, and subject to the right or the Cherokee Construction Co.
(which owns all o f the com . stock) to purchase as follows: During 1914 and
“Ata r m W lfe n S !’ i0%: 1 1 “ , lm 4 %
98 1
6i
B O N D S .— The first 5s and adjustment M . (Income) 5s, 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 & Midland Valley U R
and all tho $1,025,000 1st M . bonds o f the latter and $460,000 o f its $503 300
common stock; (3) all o f the $250,000 stock and $1,250,000 1st M . 5s o^ the
Sebastian County Coal & Mining Co. owning about 18,500 acres o f semi
anthracite coal lands. O f tho first 5s, $5,000,000 have been Issued on
account o f retirement o f outstanding bonds and other indebtedness and
lmpts., &c o f the remaining $ 10 000,000, roservod for $85% o f tho^ost o f
impts., extons., &c., under careful restrictions. $224 nnn have lieon is
sued, making $5,224,000 outstanding. Sm V
n 't m
idSft6
1
Tho tnterost on the adjustment M . bonds is to be paid annually i f e a r n e d
but is not to become a fixed charge, and Is not to be cumu aUvo’unlesTthe
Cherokee Construction Co. shall exercise tho option to n u rch lle T h e ^ re f
Tho $3,512,500 Series A bonds are to have pftoriVb<?th M to llln and
payment o f Interest over tho $2,000,000 Series B bonds/
G
ross,
K r ! d I?<?n«762 C S ’
I}1 > '
q i k .............
$1,177,452; not, $342,578
July 1 to Dec, 31.
11915----------- Cross,
918,892; not, 253,108
Report for year ending June 30 1916, In V . 103 p 178S showed-
^neJO.
Cs
ro s
N (a Jotter^ Intent, B la ce
et fter
an,
In e- Bn , d . S rp s.
corn e ts ie u lu
$1 862 608 « 4«v n )or
............ ....... 1 392'730
8*57.771 $335,793 $199,916
Pros., C ."E .” ingorsoli; Sec. & T r e a s o n . E 1 Yarn-ill^'^Office L b i'r 'iv
lo&ir-
S g g ^ ’ i S f t n S o 100, P ‘ 1918:
v ; 101, p. I365?“ v .
M IL L C RE EK & MI NE H I L L N A V I(iA T IO N a i i u
Mill Preeir Ter + .
Broad Mountain. Pa., 4.01 m.; branches V o n n, • s e ^ d tra e l ^
t(?
total track, 59.17 m. Leased In 1861 for 999 years to'pMl'a1frRwutPnZH? u ' I
lease assumed in 1896 by Phila. &
M IN E H I L L & S C H U Y L K IL L H A V E N R R __ From SchuvlklU Hnvpn tn
Ashland and Enterprise Jet., 36.72 m5 24 track T s X5 in •
129.91 m. In 1897 rental reduced to 6% on stock under n^w lease fnr^aoQ
years from Jan. 1 1897 to Phila. & Read. R y Co • 2 ^ U nMd in Tan and
3% in July, X % being deducted for
14230
M IN E R A L PO IN T & NORTHERN R Y — Highland t n H i g h l a n d T a t
Wis., 26.4 miles; trackage Highland Jet. to Mineral Point 4 2 m • t n tli’
30,6 miles, incorporated in Wisconsin O e l l ^ Y s g g ^ Stock, ah'Issued*
v
nr
S M th
ix on s
G s.
ro s
N
et.
O Inc
th
C a e . B L.S r.
h rg s a u
M &
M &
J &
A &
S ep t.
A &
J
estern
&
N
N
J
O
1
o
J
N ov
N ov
July
Apr
Apr
Jan
July
1 1933
1 1933
1 I960
1 1943
1 1953
1 1931
1916 5%
Empire Trust C o, N V
Bankers Trust Co, N Y
July 1912 coup not paid
New Y ork and Phila
Fidelity T r Co, Phila
Office, Philadelphia, Pa
Reading Term, Phila, Pa
4.210.200
5X
J & J
Office 119 S 4th St, Phila
450,000
5g
M & N May 1 1925
Farmers L
T r Co, N Y
593,000 4 g & 5 g J
.1 *
1 1931
55 W all St, N ew Y ork
1.000,000
J
4g
J &
1 1951
A ll owned by Can Paclflo
325,000
J & J
5g
1 1931
55 W all St. New Y ork
320,087
M onth ly Oct 1 1920
4X
Marquette, M ich ^
j
fit?
n
42 564
Aug 1 1918
M ontreal, Que
90.000
f)
m ‘ & * S M ar 1 1921
Marquette, M ich ” * 1
700.000
5g
J *. D 30 June 30 1925
First Trust & S Bk, Chic
25,792.600
N ew in 1916
950.000
& D June 1 1927
7g
do
do
1,382.000
6g
A & o Apr 11921
do
do
5.282.000
5g
M & N N o v 1 1934
do
do
13,244.000
4g
M & S Mch 11949
do
do
4,0,87.528
5g
Q— I
Feb 1 1962
do
do
180.000
5g
A & o
Penn Co for Ins.&c.PhlJa
72,000
5g
A & o
do
do
110.000
5
M & N ------ o v 1 1922
360,000
6g
M & N M a y 1 ’ 17 to '25
do
do
200,000
6
Q— J' Apr ’ 17-J a n '25
7,650,095
5g
I
& D June 1 1938
25 Broad St, N ew Y ork
7,156,000
S Moh 11951
M
4g
do
do
96.000
5g
M & N T o May 1 1919 Pfehn Co for Ins,&o.Phila
Kg
60.000
A & O To Oct l 1920
do
do
218,750
6
N ew Y ork
T o 1925
3,072.000
4g
J & J Jan 1 1935
25 Broad St, N ew Y ork
196,000
6g
J & J July 1 1932
do
do
&
&
J
f
&
S T O C K .— Th e now consolidated company has an authorized capital
stock o f $26,000,000 (par $100). all o f one class, o f which there was Issued
forthwith $25,792,600, the remainder to be reserved for future needs.
Option on stock, V. 103, p. 1593.
Jan.’lO
.
D IV ID S .
1 ’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05 to
3)1 4 « 5
5
5
5
5
5 yearly
P referred ........ 3
Common______ J-----N on e*
"
~
IX 4
2X
None
since
BONDS, &C.— Bonds due 1927, Nos. 1.101 to 1,400, for $500 each, addi
tional to those above, were assumed by B. C. R. & N . (now C. R . I.
P .).
F rstRefundlng mtgo. o f 1899 is limited to $13,244,000. T h e mtge. is a
n on 277 miles o f road, &c., aqd a blanket Hen on rest o f property.
&
3
'&L v ?i A m 7' v- " • « * * v- ” • i4 °^- «•
3
-■ 2
7 he “ Refunding and Extension” 50-year bonds, dated Jan. 11912 ($75,
000,000 auth. Issue) are secured by a general lien on properties now owned,
subject to existing liens, and, through the retirement of the bonds of the
Minnesota Dakota & Paclflo R y ., became a first lien on the property of said
M. D. &, P- B y-, constituting the recent extension to the Missouri Rtver.
229^6 miles; they w ill also be a first lien on contemplated extensions;
$2,o00,000 were sold in 1912, and $5,500,000 deposited under the notes
Ouo le b . 1 1916.
The $2,500,000 notes were paid o f f Aug. 1 1916.
O f the remaining bonds, $39,891,000 were reserved to retire a like amount
™A*-der,Iylng k °n<Is> $1,036,000 to retire equipment obligations, $11,073,° ° 0 ^ r 'mprovcments 2d track, &c., $3,000,000 to purchase rolling stock
and $10,000,000 for additional road, or terminals. V . 93. p. 1688: V. 9 4
p. 279. 487. 631; V. 96. p. 136; V. 98. p. 1316.
lh e $3,072,000 Des Moines & Fort Dodgo 4% bonds dated Jan. 1 1905
were guar n & i. V . 79. p. 1704. 2696. Tho $200,000 Hocking Coal Co?
1st 6s ($600,000 auth. issue) are also guar. V . 96, p. 360.
In June 1915 issyed $251,813 6% locomotivo trust ctfs. for purchase o f
16 new loeomotlves. V . 100, p. 556. Th e $400,000 equip, trust ctfs.
101 p 171411029* C Ver 600 DeW b0x cars wlth stcel underframes. V
°
E A R N IN G S — 6 mos , 11916.......... Gross, $5,797,837; net,
July 1 to Dec 31 \1915.........Gross, 5,524,127; net,
$1,761,136
1,790,897
A N N U A L R E P O R T — Report for 1915-16 In V 103, p 2073 ,2153,2162.
30
1915-16.
1914-15.
1913-14.
1912-13.
Operating revenues-----$10,721,512 $10,111,975 $9,620,675 $9,707,004
$2,743,196 $2,287,028 $2,617,011
N et (after taxes)............ $.3,229,511
Other Income__________
98,002
* ........
94,434
105.392
155,698
T o ta l net Income______ $3,327,513
$2,837,637 $2,392,420 $2,772,709
— Bond Interest! $2,149,928 $2,139,649 $2,104,828 $2,052,038
Int., disc., ex ch .,& c.)
170,859
118,699
119.389
105,744
H ire o f equip., bal. . J
354,481
392.684
321,595
163,033
Jn
ue
Ya
e r—
D d ct
eu
Balance, sur. or def..sur.$652,245sur .$186,604 dof .$153,392 sur .$451,894
O F F IC E R S .— Chairman, Chas. Hayden; Pres., E. L . Brown; V .-P . &
Treas., F. H . Davis, N . Y .; V .-P . & Gen. M g r., James Russell; V .-P ., J. S.
Bache, Minneapolis; Sec. & Asst. Treas., A . C. Doan, N . Y . Office, 25
I3ro<Kl St*
- I I . E . Huntington. F .
D avis, Charles Hayden, J. S.
Bache J. J. Slocum. Chas. 1 . M cE lroy E. V . P . Thayer. E . L . Brown.
<
Bernard Novem ber and F . P . Frazier, N . Y .— (V . 103 d
145, 406, 666, 844, 1299; V. 103. p. 1593, 2073, 2079, 2153.)
P
D
irectors.
y .g a w s h iw b » b woenaw Bay to Riddle Jet., 36 m.; trackage™ ' m ^ M o h a w f r r ® i
In 1895 paid dividends of 1 0 X % : In 1896. 7% ' i897 7%• 18 98 '3 W '•
none since. Stock, $1,500,000; par. $100.
3X%.
BONDS.— Consols for $1,000 are reserved for S3 non nid hnnda
♦>,»
$593,000 outstanding, $339,000 are 5s; the Can? Pao on June 30 1916 owrmd
the remaining $254,000 (which are 4s) and the si.O W W g e n m tge 48
d
both of which It guar, as to Int. V. 75. p. 554. S e l V 73 n 556 6 H ,-v ' 7 9 *
p. 785. O f tonnage In 1915-16. 90% was ores and mining p ro d u c ts E a u in
trust notes Juno 30 1916, $502,607. Including d e fe ir ^ i n K t
P'
E A R N IN G S .— For 6 months ending Dec. 31
—
10J6-................. $585,213
$134,499
$3,612'
$78,453
$59,658
1 9 1 5 ............ .
650.904
180,800
3,450
. ..
86,540
97,710
We L st D en la W re te s n
h n a ivid d ce h
t
P y b a d M tu
a a le n a rity PD sen e aInPrea a d
ivid d re a b
s
y le
$200,000
6g
250,000 4 T5-T6
812.000
5g
5,221,000
5g
5.512.500 U p to5%
1,02.5,000
g
323,375
10
Chicago & North W
5
*3
n.
M IN N E A P O L IS ST. P A U L & S A U L T STE. M A R IE R Y .— Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal. North Dakota,
at,lnte£natIoJla, boundary line, there connecting with Canadian Pac.. 1,040
mHes; branches Hank nson, N . D . to M ax, 305 miles; Glenwood, M inn., to
Noyes 265 miles; T h ief R iver Falls, M inn., to Kenmare, N . D ., 296 m.;
Fordvillo, N . D ., to Drake, N . D 131 miles; M oose Lake, M in n., to Plum
mer. M inn.. 193 m.; Wlshek, N . D .f to Pollock. 70 m.; Brooten to Duluth.
M inn.. 188 m.; Lawler to Cuyuna. 36 m. (V . 91, p. 912, 787); other
branches, 598.45 miles; spurs, 7 m .; Fairmont & Veblen R y ., Fairmont to
Grenville, S. D ., 87 m.: total operated June 301916, 3.139miles: also track
age to Minneapolis, St. Paul, Sault Ste. M arie. Duluth, Superior and
Ironton, 30 miles; leases Wisconsin Central R y . (which see), 1,127 miles:
loss Joint trackage, 68 m .; total operated. 42.28 miles. Owned but leased
to Minnesota N . W . Elec. R y ., T h ief R iver Falls to Goodridge, M inn.,
lo miles.
H IS T O R Y .— A consolidation In 1888 of Minn. Sault Ste. Marie & A tl.,
Minn. & Pac..
See V 46, p. 538. 609; V. 77, p. 628.
r.
In 1909 51% of Wisconsin Cent. com. stock was purchased, affording a
Chicago connection, the road being leased for 99 years from April 1 1909:
$11,176,800 4% leased line ctfs. were issued (to June 1915), secured by the
Wisconsin Central pref. stock. V. 88, p. 232, 564, 686; V . 98. p. 1668?
ls ? * rc.f-43 ($.>,810,000out)Is guaranteed. V . 95. p. 968.
Th e Chicago Term nal R y ., organized In 1911. on A pr. 1 1914 opened a
2 0wT 'cago terminal to replace the facilities leased from the Illinois Central.
9^
Seo B O N D S below. V . 93. p. 1463,1387, 871, 285; V . 95, p. 745,
&
c.
Ra O nd
o d we
M
iles
K i M a S t i . 18 * ST- “ VJg R » . — (Se* M o p .)— n M d Includes:
—
Rood
Ond
w.
e
(Continued)—
Minneapolis to Angus, l a .........260
Branches -------------------------- 126
Dos Moines to Ruthven, l a ___ 1,37
)—
Hopkins, Minn., to Lcola, S .D .330
la . O. & W.,Belm ond to Algona 37
Condo to Lc Beau, S. D ---------- 115
........ ...................... 109
Iow a Jot., III., to Northwood. .375
Total owned and operated Juno 30 1016_____________________
1 646
Leases to O. R. I. & P „ A lbert Loa to Iowa Lino, 13 m .J n c f. above. ’
O R G A N IZ A T IO N .— Incorporated in Iowa Juno 30 1916 (V 103 n 14M
as a consolidation o f Minn. & St. Louis R R . o f M inn and io w a ’ fV 5<)
p. 371; V. 93, p. 1668). and Iowa Central & W estern R y . nor ohm o f F o b '
Pfan r T f.02, p. 622., 5291 P ^ v id o d j through su L cd p H oM by
Ra O nd
o d we
L a e (All S ckO n d
e ss
to we
Trackage
M
iles.
* « S ^ ? ^ ~ C?nad!,an % cl.flc ln/ uly 19,5 owned $12,723,500 common and
o
56,361,800 preferred. Preferred stock has a prior right to 7% (non-cum.):
then com. to 7% ; then share pro rata. V . 75, p. 549; V . 92, p. 882.
D IV ID E N D S .— 1 ’03. ’04. ’05. ’06. '07. ’08. ’09.
... ...
1910 to O ct. 191
Common................%J 2
‘
'
4
4
4
6
0
7 yearly
BO NDS — Can. Pac. guarantees 4% Int. on all old bonds assenting to
reduction of Int. to 4% : also on consols of 1888. (See V . 50. p. 784; V. 51
p. 239.) About one-half Minn. & Pac. bonds and practically all other Issue
assented. Abstract of
mtge. 1
vP - 243. The
of 1888. abstract V. 47. p. 142
s /°.r $21,000,000 on 800 miles (sufficient of this reserved to retire prlo
bonds) and for $20,000 per mile on all additions. Outstanding amount i
M n p S u S . M &A n
in ea olis a lt te arie
tla tic
co s lid te mrtg g
no a d o a e
84
R A IL R O A D C O M P A N IE S
[F or abbreviations & c., see notes on first page]
M iles Date
Road Bonds
ftlinn St Paul & S Ste Marie— Com stock $42,000,000
Preferred stock 7% non-cum $21,000,000------------Wisconsin Cent leased line ctts $12,500,000 a u th ..
495 1880
Minn Sault Ste Marie & Atlantic 1st M gold.C e.zc*
286 1886
Minneapolis & Pacific first mortgage____ •— Ce.zc*
1st cons M g. Int guar (end) ($2,637,000 5s)_Ce.xc* 3.158 1888
Second mortgage $5,000,000 gold lnt guar----- C e x 3.158 1899
1911
Chicago Terminal joint 1st M g red text-G .xc*& r*
1910
Car trust Ser B due $61.000seml-annuallly----- Ce.x
1911
do
Ser C gold due $60,000 semi-annually.Ce.x
1912
do
Ser D g due 551,000 s-a (V 95, p 750)— x
1913
do
Ser E g $ 1 5 9 .0 0 0 s-a (V . 96,p.203) — -Q .xc
1913
do
Ser P due $64,000 s-a (V 97. p 1663). Cl Pc*
1916
do
Ser G duo $75,000 s-a (V 103 p 1888).Em.c
1913
Fairmont & Voblin Ity 2d M bonds---------------------1916
M in n esota T ra n s f— 1st M g call 102)4 1922 s f c*&r*
164 1909
Miss Cent— 1st M $10,000,000 g gu red (te x t)-.G .x c *
65 1911
M issR iv & Bonne Ter R y — IstM $2,500,000 g red 105x
1901
M o& IIl B r& Belt— StO M & St L B 1st M red g.SSt.zo*
1904
Consolidated mortgage $2,000,000 authorized g — x
—
Missouri Kansas & Texas— Common stock------------Preferred stock 4% non-cumulatlve-------------------1st M g(in ’ 16 Cent T r Co resigned as tru stee ).Us.z 1.599 1890
Second mortgage g o ld _________________________Ba-z 1.599 1890
163 1894
First Extension mortgage gold $3,254,000. . Ce.xo*
1901
St Louis Division First Refunding m ortgage.F.xxc*
162 1892
Missouri Kansas & Eastern 1st M gold assumedCe.xx
162 1892
Second mortgage guaranteed, being retired— xx
182 1893
Sh Sh & So 1st M ($20,000 p m) g ass-------- Cc.xxo*
130 1890
Kansas City & Pacific 1st M gold assumed ..F r.x o *
227 1902
M K & Okla 1st M $5,468,000 g assumed-.-C e.xo•
117 1903
Texas&Okla 1st M $2,347,000 gold assumed.Ce.xo*
1904
First & R ef mtge $40,000,000 gold (see t e x t)----F.x
1906
Gen M $20,000,000 gold sink fund red at par.N .xo*
1889
SW C
Im p 1st M assumed sink fund call 125._Fz
1910
Consol mortgage $125,000,000 gold authorized— x
1913
Two-year secur g notes ext.In 1915 red 101_.Ce.xo
1913
Equipt trust notes gold $95,000 due s-a call p a r.C ex
1914
do
do
Series A $34,000 due s - a ----------- C P
r
Par
Value
E A R N IN G S (road proper)./1916.-Gross, $11,466,870; net, $4,574,997
6 mos., July 1 to Dec, 31.\1915--Gross, 12,695,274; not, 5,645,029
R E P O R T .— Report for year ending Juno 30 1916 was in V . 103, p. 1207:
Year ending June 30—
1915-16.
1914-15.
1913-14.
3,148
3,044
2,982
Average miles operated______________
Gross e a rn in g s...........................
$22,804,825 $17,817,855 $18,717,690
N ot, after taxos......................................$9,106,795 $5,622,822 $5,326,095
Other lncomo........ ..............................
947,416
1,043,965
1,083,244
Gross corporate lncomo____________ $10,054,211
Interest on bonds, & c__________________$3,136,109
In t. on W ise. Cent, leased lino ctfs___
446,894
Rental o f terminals___________________
301,632
882,238
Preferred dividends ( 7 % ) . ................
Dividends on common (7 % )_________
1,764,476
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
(5
$100 $25,206,800 7 in 1916 A & O Oct 1 1916 3)4 Minn office; checks mal)
do
do
100 12,603,400 7 In 1916 A & O Oct 16 1916 3)4
A & o Apr 1 2008
4
100 11,176,800
Bank of Montreal, N T
J & J Jan 1 1926
4g
8,136,000
1,000
do
do
286,000
4 (5) J & J Jan 1 1936
1,000
do
do
& J July 1 1938
1,000 69,500.000 4 g & 5 g J
do
do
J & J Jan 1 1949
3.500,000
4g
1,000
New Y ork & London
M & N N ov 1 1941
4g
6,000,000
1.000 &c
do
do
A & o Apr '17-Apr ’20
427,000
4)4
1,000
4)4 g M & s Meh’ 17-M ch’21 N ew Y ork
540,000
1.000
612,000
4)4 g J & D T o June 1 1922 Bank of Montreal, N Y
1,000
do
do
1,908,000
1,000
4)4 g J & J July ' 17-Jan’23
Girard Trust C o ., Phlla.
5g
1.000
896.000
• & D T o Dec 1923
1
1,500.000
4)4 g M & N15 M a y 15 ’ l7-’26 N ew Y ork
1.000
A & O Apr 1 1928
1,200
6
N Y and St Paul
F & A Aug 1 1946
2.105.000
5g
1,000
N Y , C allaw ay, Fish & Co
J & J July 1 1949
5 g
500 < c
So 3.801,000
1st N Bk, N Y & StLoulfl
A & O Oot l 1931
5 g
2,500,000
1,000
St. Louis, M o.
J & J Jan 1 1951
758,500
4g
1,000
St Louis Union Trust O
& J Jan 1 1951
746.000
J
4g
1,000
9,57
N ov 10 ’ 13 2% Checks mailed
ino 13i000]000
J’ne ’ 16 int pd N o v 29 '16
J
& D June l 1990
4 g
500 &o 39,999,500
Peb 1916 lnt unpaid
F * A June 1 1990
4 g
600 &c 20,000,000
N ov 1915 Int not paid
M & N Nov 1 1944
1,000
3,253,000
5 g
A pr 1916 int unpaid
4 g
A & O Apr l 2001
1,924,000
1,000
A pr 1916 lnt pd Sept 30
A & O Apr 1 1942
4,000.000
5g
1,000
Apr 1916 int unpaid
5g
A A o Apr 1 1942
58,000
1,000
Dec 1915 lnt unpaid
.1 & D June l 1943
1,689.000
5g
1,000
Aug 1916 paid Jan 1917
P & A Aug l 1990
2,500.000
4g
1,000
M a y '16 lnt pd Oct T 6
5.468,000
5 B M & N May 1 1942
1,000
March ’ 16 lnt unpaid
2,347,000
6e
M & S Sept 1 1943
1,000
M arch ’ 16 Int unpaid
M A S Sept 1 2004
9,992,000
4g
100 &o
Jan 1 1916 Int unpaid
A .1 Jan 1 1930
1,000 10,421,000
4)4 g J
Jan 1 1916 lnt unpaid
J & J July 1 1929
743.000
6
1,000
See text. See text A & <) Apr 1 1940
N o v 1915 lnt not paid
1,000 19.000.000
6g
M & N May 1 1910
.) & D f ile ’ 17-J'no ’ 23 1916 prln & lnt paid
1,235,000
5g
1,000
J & J July ’ 17-July ’24 Jan 1917 p & lnt paid
5
1,000
510,000
however, restricted to three tlmos the stock. In 1915, $2,637,000 5s 'wero
issued. V . 94, p. 351; V. 73, p. 185; V. 78, p. 820; V. 79, p. 1332; V. 80.
p. 651; V . 87. p. 1011, 1664: V. 89, p. 779: V. 91, p. 1026; V. 95, p. 544;
V . 98, p. 1316; V. 100, p. 812; V . 103, p. 321. As to 2d 4s, seo V. 68, p.
669, 771. 977; V. 71, p. 845; V. 85, p. 1646; V. 96, p. 1089.
The Chicago Terminal 1st M. 30-year gold 4s ($20,000,000 auth.) are se
cured under a joint mtge. with Central Terminal R y . on the terminals for
the Minn. St. P. & S. S. M. and Can. Pao. system lines. They are subject
to call on any Interest date beginning N ov. 1 1916 as a whole at 105 and
must be called yearly, beginning N ov. 1 1916, at 102 )4 by a sinking fund suf
ficient to retire Issue at or before m aturity If not purchasable for less. The
$6,000,000 bonds sold represent cash investment equal at least to their par
value, the remainder being reserved for not exceeding 80% of cost of exten
sions and Improvements. V . 93, p. 1463; V . 95, p.745
$6,666,787 $6,409,339
$3,094,398 $2,955,928
446,784
446,764
151,601
163,145
882,238
882,238
1,764,476
1,764,476
Balance, surplusl___________________ $3,522,862
$327,290
$206,788
— (V . 100, p . 1510; V . 101. n. 1014. 1089; V . 102, p. 1346; V . 103, p. 145,
321, 1119.1207, 1888, 1981, 2238.)
M IN N ESO TA TR A N SF E R R Y .— Union road owning 13.54 miles, ex
tending from junction with Chic. MIlw. & St. Paul at Merrlam Park to Frid
ley (with stock yards, &c.); side tracks, 89.53 miles; total. 103.07 miles.
V . 67, p. 956. Stock, $63,000, equally owned by Chic. Mllw. & St. Paul.
Nor. Pac., Chic. St. Paul Minn. & Omaha, Minn. & St. Louis, Chic. Burl. &
Quincy, Great North., Chic. Great W est., Minn. St. Paul & Sault Ste. Marie
and Chic. Rock Island & Pacific. In July 1916 mado a now 1st M . for
$3,500,000, callablo all or part at 102)4, beginning Fob. 1 1922; somi-ann.
sink, fund from 1917, )4 o f 1%, out o f part o f the proceods o f $2,105,000
o f tho bonds, the $2,053,000 bonds due Aug. 1 1916 wero paid o ff. V. 103,
p. 578.— (V . 103, p. 321, 578.)
M IS S IS S IP P I C E N T R A L R R — Owns from a point 14 miles south o f
Hattiesburg, Miss., to Natchez, 164 miles. Stock auth. and outstanding
July 1916, $3,940,000; par, $100. Dividends o f 6% yearly paid to Oct. 1
1907; 1913, 1%; 1914 to Feb 1917, 2% (1% F . & A .).
Bonds.— 1st M. bonds dated July 1 1909, limited to $10,000,000, are Issu
able at $25,000 p. m.; they are subj. to call by lot at 110 for yearly sinking
fund o f $49,200; also as an entire issuo at samo price. T h ey aro guar.,
v*. .S 1., by U . S. Lumber Co. V . 88,p. 1561.
c
E A R N IN G S .— 6 mos., 11916....................Gross, $422,173; net, $124,988
in ly 1 to Dec. 31.
\1915................... Gross, 411,504; net, 138,793
'R E P O R T — For year ended Juno 30 1916 in V . 103, p. 2073.
une 30
Gross
N et, after
Other
In t. &
Dies.
Balance,
Years— Earns.
Taxes.
Income. Sink. Fd.
(2 % )
S u r.o rD e f.
1915-16 ..$812,696 $269,851 $84,207 $254,200 $78,715 sur.$21,143
*914-15 - - 771,427 240,615
78,564
254,200 78,660
def. 13,681
Pres., F . L . Peck; Sec., G. F. Royce. O ffice, Hattiesburg. Fiscal
agents, Calaway, Fish & C o., 37 W all S t.— (Y . 103, p. 1301, 2073.)
M IS S IS S IP P I R IV E R & BONNE TE R R E R Y .— Owns Riverside, Mo.,
on Mississippi River, to Doe Run, Mo., 46.44 miles, with branches, 18.10 m.;
also 43.44 miles of industrial tracks; total tracks about 108 miles.
S T O C K .— Stock auth. and outstanding, $3,000,000: par $100. D Ivs.
paid from 1900 to 1910, 6% ; 1910-11, 7% ; T 1 -T 2 , 6% ; ’ 12-T3. 5 % .
BO N DS.— The $2,500,000 1st M. gold 5s of 1911 are secured by a closed
first mtge. on the property owned and hereafter acquired except about onehalf In value of the equipment, and further by deposit of a $2,500,000
2(>-year 5% note of the St. Joseph Lead Co. They are redeemable at 105
as a Whole or by lot for a sinking fund of $25,000 yearly for first 5 years and
$50,000 a year thereafter. V . 93, p. 589, 871E A R N IN G S .— 6 mos., 11916................... Gross, $468,411; not, $171,977
July 1 to Dec. 31.
\1915................... Grass, 405,655; net, 176,936
E A R N IN G S .— For year ending Juno 30 1916, gross, $844,910; not,
$336,437. In 1914-15, gross, $693,635; net, $310,923.
Pres., E . C . Smith; V .-P ., F . J. Thomuro; Treas. & Sec., F . H . Dearlng.
N . Y . office, 61 Broadway.— (V . 101, p. 48.)
AtlSSOURI & IL L IN O IS B RID G E & B E LT R R .— Has bridge 2,100 feet
long across the Mississippi River at Alton, 111.; also 2 miles of road. Owned
by Clove. Cine. Chic. & St. Louis, Louisville & Nashville, St. Louis Iron
Mtn. & South., Balt. & Ohio, Missouri Pac., Wabash. Chic. Rock Island &
Pac., Chic. & East. 111., M o . Kan. & Tex. and St. L . Vandalla & Terre
Haute (Penn. R R . system). Incorp.l n 1904 as successor o f tho St. Clair
Madison & St. Louis Belt R R . V. 79, p. 1642, 681; V. 103, p. 2156. Stock,
$2,500,000; outstanding, $187,000. Pres., Henry M iller; Sec. & Treas.,
W . F . Bonder, Railw ay Exchange B ldg., St. Louis.— (V . 103, p. 2156.)
M IS S O U R I K A N S A S & T E X A S R Y .— Operates a line with north
ern terminals at St. Louis, Kansas C ity , Junction C ity and Hannibal,
M o., extending southerly across the Oklahoma and the Texas cotton belt
to tidewater at Galveston, on tho Gulf of Mexico, and to San Antonio,
T e x ., and Shreveport, La., with branches. (*Seo this company.)
[V o l . 104.
RAILWAY STOCKS AND BONDS
M .K .& T .R g .— Owned (1663 m.) Miles.
Jet. near St. Louis to Red River 629
Hannibal, Mo., to Franklin J et. 105
K. C., Mo., to Parsons, K a n _
94
Parsons, Kan., to Okla. C ity .. 203
Junction City to Parsons, K a n . 158
K. C. Juno, to Paola, K an____
86
Oklahoma City to A tok a______ 132
Osage June, to Verdark, O k la ..
79
Fallls to Guthrie, Okla............
23
Other branches________________ 154
M .K .& T.of Tex.-Oper. (345 m.) —
•Tex. Cent.(99% stock ow ned). 309
•Wichita Falls R y ____IN o t
18
Wascom to Shreveport/owned.
19
op . Jointly la .)— M .K .& T .R y .l 81 m.)
St. Louis to Machens, M o----- 27
Kansas City to Paola------------43
Dewey to Bartlesville__________
4
Moran to PIqua________________
7
Wichita Falls Lines___________ 418
(6) M . K . & T. of Tex.1155 m.) —
Whltesboro to Fort W orth____
71
Houston to Galveston----------60
Sou. Pao Connection. San A n t.
3
Austin to San Marcos (seo ln t.
& Gt. Nor.: V. 94. P. 4 1 6 )...
31
Beaumont & Great N orth orn ..
48
M .K .& T .o f Tex.-Owned (1,153 m .)—
Red R lv.to Houston,via F t.W . 357
Denison to Illllsb., via D allas.. 172
Whltesboro to H enrietta______
87
Greenville to Shreveport______ 150
Other branches__________
387
Tota l operated June 30 1916_______________________________________ 3,865
O R G A N IZ A T IO N .& c .— Reorg. In 1890 without foreclosure. V.49.p.719.
In 1911 the stock of the Wichita F a lls * Northwestern R y. an.l Wichita
Falls & Southern R y ., together operating 418 mtios, was acquired. See
separate statements for each, also committees below. V . 95, p. 1057.
R E C E IV E R S H IP .— Pres. Charles E . Schaff was on Sopt. 26 1915 ap
pointed receiver for tho company by tho U . S. Circuit Court at St. Louis.
Hailgarten & Co. and J. & W . Seligman & Co. aro continuing tho prepara
tion o f a reorganization plan. V. 102, p. 886. In Dec. 1915 Central Trust
C o., mtge. trustee, f ilea suit to foreclose Consol. M tge. o f 1910 (bonds all
pledged as collateral) for default Oct. 1 1915. In A pril 1916 Farmers Loan
& Trust Co. brought suit to foreclose the First & Ref. M tge. V. 103, p.
1119. In Feb. 1917 suit was brought to foreclose tho $20,000,000 2d M tgo,
V . 104, p. 664. See below and V. 101, p. 1973.
A report o f consulting engineers submitted in Oct. 1916 (see V . 103, p.
1977) estimates tho amount required for now working capital and to clear
tho property (exclusive o f bills payablo, defaulted Interest and expenses o f
reorganization) at $9,636,000, and recommends a two-year rehabilitation
and betterment program Involving further expenditures o f $17,000,000;
total, $26,636,000. A 50% reduction In fixed charges was also advised.
An elaborate report mado by Expert J. W . Kondrick to Speyer & Co.,
dated Jan. 22 1917, confirms tho receiver’s estimato as to tho needs o f tho
property for rehabilitation, now rolling stock, &c., and estimates that,
though these expenditures and improved methods o f operation, a very con
siderable saving may bo mado In working cost. V. 104, p. 664, 656.
Default— Interest Payments.— On Juno 30 1916 tho Interest matured sinco
Sopt. 26 1915 remainlug unpaid aggregated $3,594,262, out o f $6,585,127
accrued: sinking fund payments in default, $482,080. V. 103, p. 1795,
Tho earliest coupon unpaid on each Issue, and tho date o f paymont or
doferred interest, m ay bo learned from table at head o f page as roportod
(compare V. 103, p. 1792).
P R O T E C T IV E C O M M IT T E E S (seo V . 101, p. 1903, 1189, 1272):
Two-Year Secured Gold Notes (Extended and Unextended).— Willard Y .
K in g, Chairman: O. A . Austin, Soc., 60 Broadway, N . Y. C ity; Contral
Trust C o., depositary. V . 101, p. 1093. 1553, 1973; V. 102, p. 1250, 14.36.
First M . 4s due June 1 1990.— W illiam Church Osborn, Chairman; Paul
G. Tomlinson, Secy.; U. S. Trust C o., N . Y ., depositary. V . 102, p. 67.
Dutch Committee fo r lsf 4s.— Chairman D r. A . F . Van H all o f I I . Oyons
& C o., Amsterdam. V . 102, p. 154.
Second Mtge. Bonds.— E. G. M errill, Pros. Union Trust C o., Chairman:
O . K . B. Wade. Sec., 80 Broadway. V . 101, p. 1189. 2145; V. 102, p.52 2.
2077, 2254; V. 103, p. 239, 579. $4,948,500 deposited Fob. 1917.
Dutch Committee.— D r. H . K . Westendorp, Amsterdam, Chairman.
V. 102, p. 154.
I'irst Extension 5s o f 1894. John W. Flatten. Chairman; Ohauncoy n .
Murphoy. 55 Cedar St.. N . Y ., Sec. V . 101. p. 1272: V. 102. p. 345.
St. Louis D ivision, First Mtgo. Ref. Gold 4s,— Edwin S. Marston. Pres.
Farmers’ L t. & T r . C o., Chairman; Augustus V . Ile e ly , 22 W illiam S t.,
N . Y . . Secretary. V . 102, p. 67.
,
First & Ref. M . 4% Bonds.— Alexander J. Hemphill, Chairman; W . O.
Cox. Vlce-Pres. o f Guaranty Trust C o., as Soc. V. 103, p. 1508; V . 101,
p. 1093, 1189; V. 102. p. 522. $6,360,200 deposited Fob. 1917.
General Mtge. 4)4s.— Otto T . Bannard. Chairman: Herbert W . M orse,
Sec.. 26 Broad St., N . Y .; N . Y . T r . C o., depositary. V. 101, p. 1093;
V 102, p. 253, 1436, 1626, 1989. $5,122,000 deposited Fob. 1917.
Pref. Stock and Com. Slock.— A lvin W. Krech, Chairman; Equitable
Trust Co., depositary. V . 101, p. 1274.
M issouri lumsas A Eastern Ry. 1st M . 5% Bonds—Chairman, John W .
Stedman; Sec., Georgo E . Warron, 60 Broadway, N . Y . Depositary,
Columbia Trust C o., N . Y .; agent for depos., Conn. T r . & Safe Dop. Co.,
Hartford. M ajority deposited. V. 102, p. 886; V. 103, p. 1210, 2238.
Kansas City A Pacific 1st M . 4s.— Chairman, L. Edmund /acker, Hart
ford, Conn.: Soc.. J. O. Traphagcn, 46 W all St., N . Y . Depositary, Frank
lin Trust Co.. N . Y . Over 70% doposltod. V . 102, p. 1163, 1346; V .
103, p. 814. V. 104, p, 256.
„
Sherman Shreveport A Southern Ry. 1st M . 5s.— R . W alter Leigh, Chair
man; Joseph S. Dale, 52 William St., Soc. Depositary, Columbia Trust
Co., N . Y . V. 101, p. 1274; V. 102, p. 713,
TT n
M.
K . A Oklahoma 1st M . 5s.— John W , Platton, Chairman; U . S. M tgo.
& Trust Co., N . Y ., depositary. V. 102, p. 800, 1346; V. 103, p. 60, 1687.
Boonville Bridge 1st M . 4s.— Chairman, Robert Struthers Jr.; Sec.,
Emerson W . Judd. 37 W all St. Depositary, M etropolitan Trust C o.,
N . Y . V. 102, p. 1625. M a jority deposited. V . 103, p. 320.
Dallas & Waco Ry. 1si M . 5s.— Theodore H . Banks, Chairman; M artin
S. W atts, Sec’y, 115 H ’way, N . Y . V , 104, P-„559
M . K . * T . Ry. o f Texas 1st M . 5% Bonds.— Chairman, Jules S. Bache;
iDOsitary,
do:posU^ary, Empire Trust C o., N . Y .; See., Edward P. Goetz, 42 Broad
way. N . Y . V . 102. p. 1060, 1540; V. 103, p. 6 1 .844.
Texas & Oklahoma Ry. 1st M . 5s.— F. N . B. Close, Chairman; Perry B .
Bogue, 16 W all St.. Sec.: Bankers Trust Co., depositary. V . 101, p. 1189;
V . 102, p. 154. 801, 887.
Miles Date
Road Bonds
R A IL R O A D C O M P A N IE S
[F or abbreviations. A c., see notes on first page]
Missouri Kansas & Texas— (Con)
Securities o f Allied Companies—
66 1890
225 1892
1901
1912
309 1893
154 1909
57 1910
378 1911
52 1908
49 1909
1915
1911
1915
350 1904
K a ty O ffice Bldg Oo 1st m ortgage-------------- c*& r*
Tex CentlstM$2,000,000g redll0($150,0004s) F.xc*
W ichita Falls & N W 1st M g red 105----- FC.xc&r
Pan Handle D lv 1st coll lien M gold s f ----- FC.xc
W ich. & N . VV First & R e f M gold red 105- Usm.xc*
W ichita Falls & So 1st M $780,000 g gu s f-.F C .x c *
Beau & G t N o 1st M g 817,500 p m red 102M----- G
Mo & N A rk R R — Rec ctfs $2,500,000 red p a r ..
Mo O k la & G u lf R R — 1st M $20,000,000 (text
Mo O kla & G u lf R y— Receiver’s certlfie’s $l,7t
Second M goldlY lO U K l a do U U U
XVy U l
JLWX
1911
—
iva
do
do
series A due $34,000 s -a .-G P
Missouri Pacific— Stock 5240,000,000 authorized). . .
Paolflo R R o f Missouri 1st M ext In 1888 gold --B a
m ia o u u il x-ttu xou iu
u p a iu s v u u
v»
---- ,
Consolidated mortgage 530.000,000 B0,d-^v
i
'
I ^ & ^ a n e y V 1st M g gu(V 70. p 1095) assumed zo'
Verdigris Val Indep & W 1st M g guar assumed , ;
K O N W 1st M pref " A ” g assumed red 105 — -Ba. :
:
:
First
Equip
'
:
1
»
285 1868
1871
1872
13 1873
1876
57 1880
800 1880
1,114 1887
673 1890
1905
52 1886
84 1886
162 1894
100 1898
288 1899
1908
3,779 1909
44 1911
1911
1005-7
1912
Par
Value
Wichita Falls A Southern Ru. 1st M . 5s.— (o) Robert E llio tt, Milwaukee*
W m . M . Buchanan. Benj. F. T a ylor (Sec.). Depositary, First Tru st &
Savings Bank. Chicago. V . 102, p. 977. (M Truman H . N ew berry,
Detroit, Chairman; James R . Coulter, Sec., 804 Union Trust B ldg., D etroit,
depositary, Security Trust C o., D etroit.
L A N D G R A N T .— Th e U . 8. Supreme Court on N o v . 9 1914 decided
against the company the suit to recover the value o f the land grant in former
Indian Territory (now Oklahoma), 3,110,400 acres, subject to Indian title.
V . 99, p. 1451. See V . 79. p. 903, 1281; V. 81. p. 608, 1042; compare
V . 67, p.222; V . 55, p.937; V. 61. p. 1155; V . 77, p.2339; V . 82. p. 1102.
V . 84. p. 508. 1248; V . 85, p. 736.
D IV ID E N D S .— On pref., 1906 to N o v . 1913, 4% yrly.; none since.
B O N D S . — M . K . & T . 1st and 2d mtges. of 1890 (abstracts In V . 51,
495) cover, besides right to land grant, 1,599 miles of road, Including line
Hannibal, Mo., to Boggy Tank (except 71 miles trackage), sundry branches,
and Sherman Shreveport & Southern, but see below.
M issouri Kansas A Eastern bonds were assumed In June 1896. (V . 63,
d 30 )
54.076.000 St. Louis Div. 1st ref. bonds reserved for retirement
of both issues. V. 72. p. 1034; V. 75. p. 608.
Sherman Shreveport A Southern m tge., limited to $3,689,000, all Issued, of
which $2,000,000 pledged under M . K . T . & mortgages. Bonds were as
sumed on consolidation in 1901. V . 72. p. 1034.11157
The Missouri Kansas & Oklahoma and Texas A Oklahoma bonds, Issued
at 590 000 per mile, guaranteed, have been assumed. V . 74. p. 1038;
V . 7 6 ,p Y l8 5 . 733; v ! 77, p. 252; V . 78. p. 48; V . 79. p. 968; V . 102, p. 800.
Of the first and refunding 4s of 1904 (540,000,000 auth. issue), 512,037,
000 is reserved to retire divisional mortgages at or before maturity: balance
unissued (517,523,000) for future purposes.
They are a second lien on
507 miles of road and on the first mtge. bonds of Denison & Washita Valley
H v 4 7 miles, and a first lien on terminals and equipment of estimated
value of 524,380.000. V. 79. p. 968. 1281, 1332; V. 80, p. 222, 712; V . 81.
p7 613; V. 82, p. 987, 1497; V. 80. p. 1101; V. 88, p. 158, 295.
Gen. 4 K % mort. sinking fund, 2% of bonds yearly from 1911. V . 82,
p. 218, 334, 692; V. 84, p. 1551: V. 85, p. 346. 654; V. 88, p. 101, 158.
Consolidated mortgage of 1910 Is limited to 5125,000.000: $66,000,000 re
served primarily for refunding and the remainder are issuable only under
restrictions. The bonds were on June 30 1915 secured by the pledge of
513,073,000 bonds and $6,509,600 stocks, including $4,776,000 M. K . & T .
Term . Co. of St. Louis 1st 5s, $0,830,000 M. K . & t . gen. 4 Ms, $1,305,000
Texas Central pref. and $2,602,300 common stock, and by a lien on the
property o f the M . K . & T . subject to existing liens. On Juno 30 1915
$30,292,000 o f the consolidated bonds had been issued,of which $25,825,000
were pledged to secure the $19,000,000 two-year notes due as extended
M a y 1 1916, and $4,467,000 were pledged as security for bills payable.
As to foreclosure suit, see above. V 92, n. 725. 795; V. 90, p. 1491; V.
91, p. 330; V. 92, p. 1179, 1375, 1500. Tho $19,000,000 2-yoar secured
gold notes dated M a y 1 1913 wero extended M a y 1 1915 for one year at 6% .
V . 90, p. 790. 863. 1157. 1229; V. 100, p. 1349. 1150; V. 101. p. 846.
M . K . A T. o f Texas m tge., $10,000,000. see guaranty. V . 56, p. 604:
V . 102, p . 1060, 1626.
The Southwestern Coal A Improvement Co.’s bonds are guaranteed. M ort
gage ($1,000,000) covers coal lands In Indian Territory; the company also
owns 2,350 acres additional. Den. & Wash. R y ., 4.7 milos, mines. A c. In
M a y 1913 sold $1,900,000 5% equipment notes. V . 96, p. 1489. In Aug.
1915 purchased rolling stock for $895,475, o f which $50,000 paid in cash and
remainder due in yearly rental payments. V. 101, p. 694.
d
For 6 months ending Dec. 31:
6 Months ending
Gross
Ad
Charges A
Balance,
Drc. a i —
Earnings.
Earnings.
Taxes.
Surplus.
____ $21,005,091
$4,664,493
$3,480,783
$1,183,710
1910
19151 1 Z I .......... 16,756,916
3,958,166
3,513,239
444,927
A N N U A L R E P O R T .— Annual meeting first Thursday after first M on
day in A pril. Report 1915-16 was cited in V . 103, p. 1785.
1915-16.
1914-15.
1913-14.
1912-13.
A verage miles___________
3,865
3.865
3,825
o,677
Gross earnings___________$32,485,503$32,898,759 $31,317,924 $32,346,258
Operating exp. & taxes. 27,444,513 24,295,463 24,726,353 24,096,316
E A R N I N G S .—
Operating income____ $5,040,995
N e t income....................• 5,405,805
Interest on bonds, &c__ $6,585,127
M lscell. rents, & c______
24,345
Rentals (road, & c .)____
669,750
$8,603,296 $7,191,571
$8,818,130 $7,408,849
$6,480,465 $6,319,872
219,124
25,943
643,556
523,807
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
M & N :
5Z
$1,000 $1,340,000
M A
;
4,505.000
5e
1,000
947,000
M * n :
4g
1,000
200,000
500 &c
5H g J A D
2,000,000 4 & 5 g A & O .
1,000
J & J.
1 1939
2,142.000
5g
1,000
J & J.
5g
843,000
1,000
J & J
3,569,000
5g
1,000
J & J.
729,000
5g
1,000
J A J.
883,000
5g
1,000
M & N :
6
2,062.750
250 &c
M & N N ov 1 1961
6
100 10,655.200
F & A 20 Feb 20 1917
1.500,000
1,000
6g
7,007,000
5 K M & N N o v 11944
100 &c
M A N ,
1,407.000
5g
1941
See text
5
M & N N o v 11944
350,000
5g
100 82,702,585
F & A Aug 11938
0,996,000
4g
1,000
2,573.000
J A J
1,000
5 g
M A N
800.000
5g
500 &c
237,500
500
4 H g A & O Oot 11938
M A N July 1 1938
4
3.828,000
1,000
F A A Aug 11920
650.000
5Z
500 &c
M A N N o v 1 1920
6g
1,000 14,904,000
M A S Jan 1 1917
5g
1,000 14,375.000
F A A Aug 11920
9,636,000
5k
1,000
M A S Men 1 1945
4g
500 &c 37,255,000
J A J July 1 1920
520,000
5g
1.000
,
M & s Mch 11928
5g
806,000
1,000
J A J Jan 1 1933
5g
1,024.000
100 &o
J & D June 1 1948
2,500,000
4g
1,000
F A A Feb 1 1919
3,459,000
4g
1,000
F & A Feb 1 1938
3,972,000
6g
1,000 &c
M & S Sept 1 1959
5g
100 &C 29.806,000
F & A Aug 1 1951
500,000
1,000
5g
6g
J A D June 1 1917
1,000 24.773.000
Q— M Deo 1916
77,000
1,000
5Z
1M A N T o N ov 1921
1,617.000
5
1,000
Wichita Falls A N . W. Ry. First A Ref. M . 5s.— Elisha W alker, Cbralman: G. N . Lindsay, Sec., 25 Broad St., N . Y . Deposits asked in Jan.
1917. Depositary, U . S. M tgo. & Trust C o., N . Y . V . 104, p. 73.
$8,249,942
$8,916,554
$5,978,194
55,626
565,748
Balanco, sur. or d e f-d f.$ l.873.417s r $ l,474,985 sr.$539,227sr$2,316,985
O F F IC E R S .— Pres., Charles E . Schaff, St. Louis; V .-P ., C. H allo and
O. N . Whitehead, St. Louis, and W . A . W ebb, Dallas, Tex.; Sec., E . F .
Broom hall, Parsons, Kan.; and Comp., Geo. T . Cutts, St. Louis.
Directors.— W . W . Brown, Parsons, Kan.; Geo. W . Simmons, Edw. A .
Faust and Charles E. Schaff, s t. Louis; Frank Trumbull (Chairman),
H arry S. Black, Stuyvesant Fish, W alter S. Crandell, Lowis IL Franklin,
A J. M iller, Horace E . Andrews. F . II . Davis, E . R . Tinker, N . Y .;
Frank 1’ Frazier, Chicago; Edward S. Rea, Coffeyvlllo, Kan.; D avid M ulva n orT op ek a , Kan. Office, 61 B ’way.— (V . 104, p. 73,257,559, 656.)
M ISSOURI & NORTH A R K A N S A S R R .— Joplin, Mo., to Helena, Ark.
365 24 miles, of which Neosho, Mo., to Joplin, 19 miles, and Seligman, M o.
to W ayne. 9 miles, arc trackage. V. 86. n. 168; V .8 2 p . 569,1269: V.83.P.39)*
Fostus J. Wade o f St. Louis is now sole recoiver. V . 94, p. 983.
85
RAILWAY STOCKS AND BONDS
F e b , 1917. |
s
Places Where Interest and
Dividends are Payable
M a y 1916 Int paid Oct*16
M a r 1916 int paid Sept 1
M a y 1916 int paidOct’ 16
Dec 1916 Int. paid
61 Broadway, N Y
Jan 1917 int paid
Jan 1917 int paid
Jan 1917 int paid
July '16 int paid D ec 28
61 Bway, NY4 Jan T7 p ’d
M erc Trust Co. St L , M o
N o v 1913 coup not paid
Fidelity T r Co, K an C ity
N o v 1913 coup not paid
do
do
do
do
do
do
120 Broad way. N ew Y ork
Bankers Trust Co. N v
do
(Jan 1916 paid)
do
M a y 1916 paid
do
A pril 1916 paid
do
Jan 1916 paid
Feb 1 1916 coup notpaid
M a y ’ 16 paid. Bank T r
Sept 1915 coup not paid
Feb 1916 coup not paid
Sept 1915 coup not paid
Jan 1916 coup not paid
M a r T 6 coupon paid
Jan 1916 coup not paid
Dec ’ 16 coup paid at m at
Feb 1916 coup not paid
Feb 1916 coup not paid
Sept 1915 coup not paid
Feb 1916 coup not paid
A ll paid, i f extended
New York
Central Trust C o, N Y
In April 1915 $2,500,000 6 % 3-year receiver’ s< *rtfs. secured by a fjrst
Len on the property were authorized, o f which $2,062,7o0 were sold to Retire
the outstanding $1.472.000 certfs. due M a y 1 and for impts.,&c.V .100.P.2010
Stock authorized, $25,000 per mile. In Aug. 1906 mortgage was filed
to secure an Issue of $11,500,000 50-year 4% gold bonds (St. Louis Union
Trust Co., trustee), issuable at $25,000 per mile. Entire stock and bonds
are pledged to secure $6,000,000 5-year 5% gold notes of the Allegheny
Improvement Co. V . 85. p. 99. In Feb. 1917 suit was brought to fore
close on the notes. V . 104,_p. 664.
Outstanding June 30 1916, S8•340,000
each o f stock and bonds. Car trusts outstanding June 30 1916, $61,155.
E A R N IN G S .— 6 m os.,f 1916................... Gross, $731,337: net. $226,775
July 1 to Dec. 31.
\1915...................Gross, 620,389; net,
22,611
For year ending June 30 1916, (365 avge. m iles), gross, $1,199,986; neV(
$84,896; other income, $24,599; int. on receiver’s certifs., $123,765; taxes,
$71,972; rentals and other charges, $69,353; bal., def., $155,595; bond In t .
not paid. Chairman. D . R . Francis; Pres., John Scullin; V .-P .. Geo. L .
Sands.— (V . 94, p. 1566; V . 100, p. 1592, 2010; V . 104. p. 661.)
MISSOURI O K L A H O M A & O U L F R Y .— Owns and operates 205-3
miles of main track and 41.3 miles of sidings, extending from W agoner to
Red R iver, via Muskogee and Henryetta; Dewar to end o f track. 9 m .. and
Junction to Lowerree, 2.4 m.; Junction to Bromide, 4 m.; M o . Okla. &
G u lf RR. (V . 96, p. 1022), Wagoner, Okla., to Baxter, Kan. 98.6 miles,
completed Dec. 1912 and projected to Oklahoma C ity. Dallas and F ort
W orth. V. 93. p. 469; V . 97. p. 887. In Aug. 1915 the M o. Ok A Q u it
R y . o f Texas arranged for trackage from Denison, T ex., to Dallas and F o rt
W orth, and now owns and operates 9.1 miles Red R iver to Denison.
V . 101, p. 449. 923.
On Dec. 11 1913 receivers were appointed for the M o . Ok. & G ulf R y •
M . O. & G. R R . o f Okla. and M . O. & G. R R . o f Kansas. Alexander N ew
o f Kansas C ity and Henry C. Ferris o f Muskogee, Okla.. are now receive™.
V . 100, p. 1257. A ll N o v . 1913 coupons were defaulted. V - 97. p. 1823 ,
V . 98, p. 236. In Feb. 1915 authority was given to issue $1,750,000 prior
Hen receiver’s certificates for Improvements, additional engines, re-ballast
ing and better term inals,of which $1,500,000 is outstanding. Th e certifi
cates cover both railway and railroad. V . 100.p. 734. 901: v . 99. p. 1366.
B O N D S . — Railway 5s 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. Okl. & G ulf R R . 5s o f 1911 are lim ited to $20,000,000 at $27,
500 p. m ., o f which $10,000,000 offered in France in M ar. 1912. sold $6,692.
000. V . 97. p. 444. 487. 698. Th e M . O. A G. R y . o f Texas 5s ($1.000,000
auth. issue), are secured on tho lino between Red R iver and Denison, T o x.,
9 miles. V . 91. p. 1327; V . 93, p. 1022. Equipm ent notes Feb. 1 1917,
Railw ay Co., $589,530; Railroad: C o., $168,282.
E A R N IN G S .— 6 m os.,fl916----------------Gross, $894,694; sur, $118,102
July 1 to Dec. 31.
11915---------------- Gross, /08,840; def,
34,015
For year ending June 30 1916, gross, ? 1,416,301, agst._ $1.174,210;
In 1914-15; op. def., $88,726, agst, def. $177,112 in 1914-15.— (V . 100.
p. 1257; V . 101, p. 449, 923.)
(1) MISSOURI PA C IFI C R Y . — (.See M a p .)— Operates an Important sys
tem extending westerly and southwesterly from St. Louis, M o., including
main lines from St. Louis to Pueblo, Colo., 896 miles; Kansas City to Omaha,
Neb. 216 m., and branches in Missouri, Kansas and Nebraska
Through
the St. Louis Iron Mt. A South., which It controls, connection Is had with
Texas and the lines of the Tex. A Pae., Internat. & Gt. North and the St.
Louis Southw., the whole forming what is known as the “ Gould System.
Lines Owned—
M iles. I Leased Lines, A c .—
M iles.
St. Louis to Pueblo____________ 896 Boonvllle St. Louis & Southern
.44
Kansas C ity,M o., to O m a h a ... 216 Kiowa Hardtner A Pacific R y .
10
Other main lines and branches.2.669(Trackage to St. Joseph. &c . . . ___ 96
T otal Missouri Pacific and branch lines (V . 95. p. I l l ) ------------------3.931
Also controls St. Louis Iron Mtn. A South, arm leased lines, 3.555 miles.
Grand total Missouri Pacific mileage June 30 1916. 7.486 miles
The Missouri Pacific R y . Co. owns about 30% of the stock of the Denver
& Rio Grande R R . Co., the latter extending from Pueblo to Salt Lake C ity.
D IVS.V82. *83-’87. ’88. *89. *90. *91. *92-’00. *01. ’02-/07.
1908. None
P e r c t.j6 H 7 yly. 5 H 4
4
3
None. 2 X 5 yly. 2 X stk. since.
O L D B O N D S . A L L ISSU ES.— See issue o f June 26 1915
R E C E IV E R S H IP .— On Aug. 19 1915 Pres. Benjamin F . Bush was ap
pointed receiver o f the Missouri Pacific R y . and St. L . Iron M t. & S o .R y .
and in Fob. 1916 o f Kansas A Colorado Pacific (V . 102, p. 886). Fgreclosuro sales are advertised as follows: Under M o . Pac. R y . First & R ef.
M tge. o f 1909 and Iron M t. First & R ef. M tg . o f 1913, on Feb. 21; under
Kansas & Col. Pac. First & Ref. M tge. o f 1908, on Feb. 23; under M o . PacR y . 40-year Gold Bond M tgo. o f 1905, on Feb. 28; under Collateral bond
Issues or 1887 and 1890 on M arch 1. V 104, p 163, 256, 362. 452.
w The Interest due Sept. 1 1915 on the $14,375,000 trust 5s 1917. the $37,
255.000 40-year 4 % gold loan bonds o f 1905 and the $29,806,000 5% First
and Ref. bonds was not paid. V . 101, p. 773. Other issues in default:
Iron Mountain First & Refunding M . 6s. July 1 1915: January 1916
coupons o f Leroy & Caney 5s, K . C . N . W . preferred A 5s; Feb.
1916 coupons on Boonvllle St. Louis & Southern R y . 1st M . 5s, duo 1951,
Central Branch R y . C o. 1st M . 4s, duo 1919. Missouri Pac. 1st Coll. 5s,
duo 1920. Lexington D iv. 5s o f 1920 and Kansas A Col. Pac. 1st R ef. M .
6s duo 1938. The int. due June 1 1916 on 6% secured gold notes was paid
at m aturity only on the notes as extended till Juno 1 1917. The Dec. 1915
int. on Central Branch Union Pacific 4s was paid at m aturity.
Interest
has been paid prom ptly on tho underlying bonds o f 1868 to 1876, on cohsol
6s o f 1880, Verdigris Val. 5s and equip, trusts (also principal as due)
Other issues, see table above. Defaults in year 1915-16, see V . 103. p. 1503.
P L A N O F R E O R G . D A T E D J U L Y 1 1915.— This plan, with Kfihn.
Loeb A Co. (as Readjust. M g rs.), in V . 101, p. 130, and m od lfica tio fisof
July 25 1916 in V . 103, p. 406, declared operative in Dec. 1916. Th o firm
named in Aug. 1916 formed a syndicate to underwrite the $46,000,000 cash
requirements o f the plan. V . 103, p. 493, 579.
86
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S .
[F o r abbreviations, A c ., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
[V o l . 104.
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
M i s s o u r i P a c i f i c — ( Concluded)
Mo Pao equip bds g $335,000 M a y l y 'ly _C ol.x c*& r
1907
$ 1 ,0 0 0
do
S14.000 s-a to 1919 then $13,000..-C lP.c*
1914
1,000
Am Refrig Transit equip notes gold not guar— See ‘Indu atrial Cos” and
Mo Pac System— St Louis Iron Mt & Southern R y —
Gen cons & flm guar mtge ($45,000,000) g- Ba.zc" 1.498 ’81-’87
1,000
tt
i? . d„° . gold stamped guar prln & In t-.z c* 1.498
1,000
Unifying & refund M gold $40,000.000-.M p.xo»&r
611 1899
1,000
R iver & Gulf Dlvs 1st M $50,000,000 g .B a .xc*& r*
772 1903 1,000 &c
1st and ref. M $200,000,000 authorized_________ x
227 1912
Oar trusts ser Ser V, part y e a r ly __________________
’05-’ 13
1,000
do
do
gold $366,000 June yearly-Ba.xc&r
1907
1,000
do
do Ser 2 due $145,000 s-a red p a r .. . Ce.x
1912
1,000
do
do Ser 3 due $25,000 soml-ann___________
1914
1,000
do
do $20,000 due semi-annually_________
1914
1,000
P ne Bluff & West 1st M assumed red 10 years 105..
1903
1,000
L ittle Rock & H ot Sp W 1st M gold assumed..SSt
1.000
1899
T n W
1
N , ff, I orkl ^ r 5% First and Ref. M . bonds. Guaranty
e
9,0- stock, Central Trust Co.; 40-year 4% Gold Loan bonds, Bankers
Trust Co. all other securities. Guaranty Trust Co. (b) In other cities,
sub-depositaries for all securities, (1) St. Louis, M ercantile Trust C o., (2)
ftSI1
niin
riiSUahaSt?! T t iisfc
,o f , • Y . (3) Thero aro also sub-depositaries
N
anri
and stock in Amsterdam; for Ref. M . 5s in Basle
vO
.rl103?pd
to ’ amoimt
„ .J h e oriKina! plan provided for a reduction in fixed interest obligations o f
5^0,552,558 and a decreaso in the net annual charges o f about $3,580,772,
nji.n^ _ theim mo wel1 within tho earnings o f tho systom oven under tho
Dg
adverse conditions prevailing during tho past two years."
t
*he p° slt,° n o f several o f the old bond issues and the reawlth e v n K n l ^ atment llrV u;, th0 P,an was published for distribution along
d r
w ith explanatory map; see this analysis in V. 101, p. 1559,1714.
ah t iP b
lJ?a
tri<m ’ Aggregating $128,460,620, to Remain Undisturbed.
s,
A 1 *he 8t. Louis Iron M tn & So. R y . Co. bonds, except $4.
175,000 o f outstanding First & Ref. M . 40-year 6s, July 1
and except its equip, obligations maturing to June 30
0 4 sr „ l S Ich, ™ to bo Pal« ) a« d Little Rock Junction R y. 6 s.$110,283,120
P a cific R R . o f M o . 1st 4s, $6,996,000. and 2d 5s, $2,573,0009,569 000
3,828i000
Missourl Paclfic R y . Co. Third M tge. 4s due July 1 1938____
Pacific R R - (o f M o .): Carondelet Br. 1st 4M s ($237,500) and
T S.V L ? u‘ ? C ity Real Estate 5s ($800,000)...................
7
,
1 037 500
Verdigris Valley Independence & Western R R . Co. 1st M . 5s.
806 000
Equipment obligations maturing after Juno 30 1918__________
2,937^000
vash ?«?«fremenfs fo 6e M et by 50% Assessment on Cap. Stock.
To pay M o . I ac. lt y . Ext. Gold Notes (see V . 102, p. 1896) - $24,773 000
2 270 0 0
Equip, trusts maturing up to June 30 1918..............
Adjustments, payments o f int., &c., under plan,' working
’
capital, now equipment, improvements, & c________________
14,376,792
... , 9 dpitalization o f Proposed Successor Company.
[It is hoped to consolidate the M o . Pac. R y . and Iron M t.]
(1) Obligations to Remain Undisturbed (as above shown)______ $128,460,620
F ± Tst and Refunding M o ri Bonds. Total issue, including amounts
resorved for refunding, improvements, extensions. &c., under restrictions
shall never exceed three times the capital stock at the time outstanding
1 o mature at a date or dates not earlier than 1965, and to bear Interest at
rates not over 6% p. a. Th e bonds issued under this plan are to boar inter
est at 5% p. a., to mature about 1965. and to be redeemable as a whole (but
not in part) at 107>3% and int. on any interest date after 1920; or optional
in exchange for certain bonds as per modified plan dated July 25 1916, o f
series duo Jan. 1 1923 and Aug. 1 1926, but redeemable at any Interest date
at par and In t., seo footnote to tablo below. A lion subject only to the undisturbod liens upon the properties and franchises now owned by tho Missouri
Piiclflc and Iron M tn. companies, with such exceptions and additions as tho
Readjustment Managers may deem wiso; also a lien upon all properties heroafter acquired with the bonds. Presently issuable (seo bolow), $46,923,150.
. ko) New General Mortgage Bonds. Total auth., about $52,000,000, to
boar 4% int. and mature about 1975, but redeemable as a whole (but not in
part) at par and int. on any int. day after 1920. A junior lien upon all
property at any time subject to the now First and Refunding mtge. Pres
en tly issuablo (seo below) about $52,000,000.
iQis*
St0,c (p ‘ & d 'V cumulative from June 30
,k
Convertible at holders option at par into common stock at par,
8Uj
ad^ dividends. Callable by co. as an entire issue at 107 'A %
and div., subject to conversion privilege. Full voting power. I lf for any
reason It should be deemed inadvisable to issue said prof, stock for any of
purposes ° f
plan, 5% income bonds, convertible Into common stock
at tho option o f the holder, may bo substituted therefor In whole or In part:
k V e \ wJth v~iLn? „ p°w ers-l Preferred stock presently issuable
(but seo below), from $70,000,000 t o ............................. .
$76,751,635
(5) JSew Common Stock, presently issuable (see bolow)_________ 82,839,585
Distribution o f New Securities to Holders o f Existing Securi.ies Participating
_
..
New 1st & Ref. New Gen. M .
New 5%
Existing Securities—
5s due 1935.
4% Bonds.
Pref. Stock.
82,839,585 Cap. stk. If pay-1
........ ?____ 1^8 41. lf9.792 ^
nn. „ „ „ _ ln8 50% cash./
[also 100% in com. stock
S °n so1- lsfc 6 s . . . n o 16.394,400
£ ° ' •T r - 5s>1917-100 14.375.000x
9.636.000 Coil ,M . 5s, 1920.100 9,636,000x
37.255.000 Gold Loan 4 s .. . . __________ . . .
___________ igO 37 255 000
29.806.000 First & Ref. 5s_________
~
100 29'806 000
: : : : : : : : : : 188 2 9 i§o:8o8
o,972,000 Kan .& O. P. 6 s ._
inn vq Q79 nnn
2 f i m n m n e n ' ^ r a TC
> V s.............- I - I " I x 5 0 T . W . S O O
50 x l . 729.500
2 'non'nnn
o' v ' w V
----------------- x50 1.250.000 50 xl.250.000
in w n n n v n ^ ' w 1
?*58 ............ - ............... - ............. 100
520,000
^ n n n n n B . 8 t . I i Sc So. 5s................................................. 1°H 1,024,000
5! ' - * ................................. ......... 100
500.000
500.000
St. L . I . Aft. & So.
4475.000
1st & Ref. 6 s .. 105 4.383,750
45,135 Stockoutstanding .....................
.
100
45 13S
393.000 L it. Rock Jet. 6s. 100
393.000x
’
1.741.000 T . & P . notes end.100 1,741,000
T o t a l ----------46.923,150 74.399,292
76.751.635
TH q inc^lfii^lplan o f July SSJiOlO. in V. 103. p. 406, gives also tho foltowng options: (a) T o Coll. T r . £s o f 1917 and L ittle Rock Jet. 6s, 100% in
1st Ref. M . 5s o f series duo Jan. 1 1923 but callable at par; (b) T o Coll.
M .o s o fl9 2 < ) 100% in 1st Ref. M . 5s o f series duo Aug. 1926 but callable
fct Bar. (c) T o Cent. Branch 4s and Cent. Br. U. P . 4s, 100% Gen. M . 4s.
$335,000
M & N May 1917
238.000
J & D T o Doc 1924
V 92. p 883; V 95, p 1747.
37.168.000
5.994.000
30.551.000
34.548.000
29.423.000
267.000
366.000
1.595.000
347.000
340.000
880.000
1.140.000
5 K
I
6 8
5
5* 8
5
5
5g
4 g
Columbia Trust, N T
Girard Trust C o., Phila
&
&
&
O A pr 1 1931
Bankers Trust Co, N Y
O Apr 1 1931
do
do
J July 1 1929
do (Jan '16 paid)
t & N May 1 1933
do
& J July 1 1952
July ’ 15 coup not paid
Q— M To June 1922 Townsend. Whelen & Co
Q— M June 1917
B’kersTrCo, N Y or Phila
M & N T o N ov 1 1921 Central Trust Co, N Y
M Sc S T o Sept 1 1923 Phila Trust Co
& D T o Dec ’24
Girard Trust Co. Phila
A
& O Oct 1 1923
Mew York and St Louis
J
& J July 1 1939
Jan '16 coupon paid at
,St Louis Union T r Co
Th e M o . Pac. R y . Extended 6% notes maturing June 1 1917, and any
unextended notes o f said issue, together aggregating $24,773,000. are to be
paid in cash, as are also the $2,270,000 o f equipment obligations o f the
M o. Pac. and Iron M tn . cos. maturing boforo Juno 30 1918 (soe below).
.
optionally, par for par, in Gen. M tgo. 4s with cash equal to Interest
at 6% p. a. from Aug. 1 1915 to Aug. 1 1916, and at 4% from Aug. 1 to
date, now bonds aro Issuod.
Voting Trust— Directors.— The Readjustment Managers m ay, in their
discretion, cause the deposit o f tho new stock (common or preferred or both)
in a voting trust for not exceeding five years.
1
t
o f directors shall consist o f persons approved by Alexander
J. Hemphill. O tto H . Kahn. Seward Prosser, James N . Wallace and R obert
Winsor. or by a m ajority o f them, and by the Readjustment Managers.
• n W i ' ® 5 Approving Plan.— (1) First & Ref. M . 5s, Alexander J . Ilom pVil1’ Cha,rman. (2) 40-year Gold Loan, Frank N . B. Close, Chairman.
(3) Stock committee. James N . Wallace, Chairman. (4) For all issims
except as specified, Kuhn, Loeb & Co.
(5) Collat. Trust 5s, 1917 and 1920— Moreau Delano (Brown Bros. & C o.)
N . Y .. Chairman; Morrell W . Gaines, 59 W all St., N . Y ., Secretary.
Represents a considerable m ajority o f first-named issue and substantial
v f l O L P f 773,°923f 12?3!ri4 6 5 ? i^ e|'.O
Stfc USted on N ' Y ' Stock exchange.
(6) Central Branch Rg. 1st 4s, due 1919.— Charles A . Peabody. Chairman
f3™9pV?102, p?885.Se077.37 Wal1 S t‘ M a Jority doposltod. V . 101. p.
2
At£ )
Committee fo r First & Ref. 5s— J. D . Santilhano, Secretary.
Amsterdam; V. 101, p. 774. (8) Dutch Committee fo r Collat. 4s o f 1005—
Dr. G . Hymans, Secretary, Amsterdam: V. 101. p. 774.
(9) Kansas-Colorado Pacific 6s.— It. Fulton Cutting, Chairman; Alexander
J* M cAllister. u „ W all d v , , D O ; . , Franklin Trust u u . , N . Y .. depositary.
r. 55
St., Sec.; r L O U A U U i i ' u a u Co.. IN
V . 101, p. 2072; V . 102, p. 154, 886; V. 103, p. 1508, 2079.
(10) Little Rock Junction 6s.— Gordon Dexter and others. American
Trust Co., Boston, depositary. V . 101, p. 1014.
Independent Committees.
S e S I S M
W
&
f M
w
r f f o &
S
? 1
”
1’ 0 h a l ''m “
: Jam <s P '
Vio'iV ’m ^ io ^ riS T ***■ 0 lrm 19
l,a ,‘"' 0
(i) Noteholders' Committee— Edwin G . M errill, Chairman. V . 99, p. 197.
Three-Year Secured Notes.— In Juno 1916 upon tho offer o f tho'receiver
to guarantee payment on security o f additional collateral, tho holders o f
than $24,500,000 o f the issue o f $24,773,000 agroed to extend their
S?
i
i 9. 6 (i V ®c t- i 9.1 furthor extended under existing option
/’
to Juno 1 1917), but subjoct to call on the first o f any month at par and int.
Assenting holders received tho Juno interest, 3% . and a commission of
1 " l • See fu ll particulars, V . 102, p. 1896. 2077; V. 103, p. 1413.
rho trustco has filed suit for foreclosure o f tho noto indenture.
t a / f f i w
i S S j S ’ vT - ^ ; ir
1i o r
i
u 8 » ;,
u m
30-
K ,,‘, o r t f o r y e a r
Combined Results o f M o . Pac. and St. Louis Iron M ountain & Southern.
1915-16.
1914-15
io n -1 4
Gross earnings........... .-.................. $64,372,302 $58,209,306 $59 985 731
Operating exponsos and taxes........ 51,203,973 45,155,666
45 901’O C
O
N et, after taxes_________________ $13,168,329
Other income........ ............
$1,390,109
$13,053,640
$1,103,175
$14,084,731
$1,130,721
m T°,ta,L r
................................$14,558,438
Total deductions.... ..........
15,910,459
$14,166,815
15.397,361
$15,215,452
15,140,760
sur$74,692
Balance for tho year................dofSl ,352,021 dof$l ,240,546
Th e chief accounting officer for tho recoivor has stated that, largely on
account o f flood damage and long-needed repairs to and alterations o f equip
ment, tho maintenance chargo for tho fiscal year 1916 wero largely in excess
" ° rmal, ru9uIreiuents, and that in his Judgment, w ltli normal maintenance
charges, the Income available for fixed charges for tho fiscal year 1916 on
the basis above stated would be about $16,500,000. Upon this basis, after
the payment o f Interest on all underlying obligations, thero would remain
a margin o f nearly fiv e times tho interest on tho now First & Refunding
new p ref° s ^ c k ^ v f IQS. £ % ”< S T O . '^ C<1Ual t0 ° VCr
B
?,
% Upon th°
O F F IC E R S .— Pres., Bonjamln F. Bush; Sec. & Troas., H . L . U tter.
IVDiFeC
rt.°*% 7 B e n J [ u l 1Bush (Chairman & Pros. , Edward A . Faust and
T
hTii
St. Louis; Nicholas F. Brady, Newcomb Carlton. A . J. Hem p
hill, Edgar L . Marston. J. T . M illlken, Finlev J. Shepard Cornelius
Vanderbilt, and W . II. Williams, or N ew York; R . Lancaster Williams o f
Baltimore, and C. M inot Wold o f Boston. N . Y . office, 165 B ’w a y __
(V . 103, p. 1792, 2079, 2156. 2341; V. 104, p. 163, 256, 362?4520
S()nTHPDS U
N o\l P ^S,l,F IS S Y S T E M -S T , LO U IS IRON M O U N TA IN &
.— {bee M a p .)— Owns St. Louis to Texarkana. A rk .,
^ ou!3 to. Thebes, Paragould to Clayton Jet., La.. L it tle
Rock to Lake Charles, La., L ittle Rock to Oklahoma-Kansas State Line,
total main lino mileage, 1,655.97 m.; branches in Missouri, Illinois, Arkanl
sas, Louisiana, l,52o.65 m .; total owned mllcago July 1 1916, 3,181.62 m.:
3r 555^6 aJJi{el ludor eaS0, 373.64 m .; total oporated mileage July i 1916,
s
jH ? ,stoc« ho de.r voted Sept. 8 1914 (a) to acquiro trackage rights over
^
the Texas & Pacific R y. from Alexandria, L a ., to M ile Post 97 or from
Ferriday via Add s to M ilo Post 9, with tho right to purchase the T . & P.
line between Ferriday, La., and Addis, 110 miles; (b) to guarantee not exceedlng $7,o00.000 Trans-Mississippi Terminal bonds jointly with the
Texas < Pac. R y ., each co. owning half o f tho stock. V. 99, p. 50, 817.
&
fES MOINES
.OGDEN;
x
I Great \
fait Lake
^ ==^ < S 5 J isade
al
/Battle Mountain
Stockton1
UNION
G ramt-Isi an ( j \ / Y _ .
c h e y e Nne'
LT L'A-KE-C+TY'Acr:
J Park City
Alta
licber
x
pt°i\u^e\
A
^vrowoo-
.Tn ln sh n r;
'Huttetfr ^ ^ PAC. p" ° g .s tj^
Ft. Collins
4
Eureka
—
,
IFrisco /
.D e c a t u r
fie ld;
Oakle;
A uudalia
DeUa^a
o ^ R ic S ie ld
ilontrosp,
m‘dgwar\
S T .L p U IS j
;pHER?CfN.
GREAt^cJW
^ '
Ji,ake »
£5?S^-fceutrrlia'
larned J
ourifiTO 6 city ,S
V a n c e d c fe ^ l
---- SL
La JuntaJP^CucharaScM
Eioche o
8.
KINSLEY/ d d E i
y ? r—
tq
•jfc. \ ^ o t o sio i
DODGE CIT?c59a*«Bft»3l
< V
P
IINERAl
OBISMARCKi
P
T.
BuckHj-'v'^------ Kin£mori_3%
------rS
^-
Q
jC C rN W A Y S P R 5 .
»**»
T r t u id U -
Dural
£
O
Yasquez
A n th o n y ^
-Liberal
W,‘- U ^
I S p r in g f ie ld
k i o w A cjp2S 0^-
"*71 S. VSNsOURENtajjj
Dillc:
P
W
Keelei
^
p Op l a h
ELo,
DbM p^r
*
(JIsueinore
Q
£
Texlin e'
JJspnnolal
SANTA jEtT
JZ)
Tho Noodles'
W
Oklahoma
TVashburn
Albuquerque
Felton
lardino aYcH‘ o'
O
X.YELLVH.CE '
«
c «»
Kingfisher
Am arillo'
L e h ig h
Prescott
o
Magdalena
H
S ir
St /Atoka
SSocorro
l/ ^ n e d
C/2
arr£*_*
Henrietta'
P H C E N IX
JH
<1
'N Escondido
\ t Foster
Globe
Roswell v
Clifton
Iceanside
Tucson'
Fairbank,
V %
j
" i
i
il.e la d
r°e. A-
IATCHE;
San Angelo
ST. LOUIS, IRON MT. & SOUTHERN R Y .
and Leased, O
perated & In
dependent Lines
Tem ple hPby
G eorgW
Round Re
X e m . U e o ^ AUST||
.Flanderi
IPKINQ
^~N^San M arco s j
San Antopii
MISSOURI PACIFIC RAILWAY
CS
iiAtlceburg
isyille
Burnet
X lan o n__4 ^
=
MAP OF THE
s
i\ J a c k s o n .
Odessa
■sierra Blanca
s
|
a
i r * / U
O Tombstone
Pecos Citv
®
v
Dublin
Ciudad Juarez
^ Q 1SL
iK-Mineola't
A . T y le r
.C isco.
\Colorado
Doming
Benson
S
Albany,
Yuma
h^f' National Cy.
pucAM D EN
rB ra z i
Rincon /
Maricopa
rJ
"Commerce
W hitetoaks
Ft.Thomas
X? San Diego _
B
H
•^'-DaiiYtlleL
•« > *e ^ r% tv
-------
hr* ICNOflft____
C/2
t-
'Bloomington
Rlvert
llleville^
Candelaria
o-—
z iD U lo n V
Mauti
Sevier 'Lake/’ / Jkj**.
W /
J^y^sN'inche
~
^l5nrr<-nCflSk ^
J
O U ir U n -----tM IT H A l L N T E R ^ . ,« f c j, e w - , T
St.Franc
DENVER.
Austin
Peorinl
Keokti]
Kirksvil
Longmont,
».q
Kock^Islftiid.
[r jiu g t o n
— ~ _ ^ 1 fustr ug s A x > ..
; I----------- _
/
t e » i
N C O c,
Yoakum
Piedras Negras
K en edy
Laredo*
ransas'Pass
UiiThristi
liiruuraor.t’
Meridian
88
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c ., see notes on firs t page]
Mobile & Birmingham RR— Pref stock (5900.000)____
Prior lien gold 5600.000.......................
Cc.
First mortgage 51.200.000...........................,'Ba.
Mobile & Ohio— Stock______________________________
First M Mobile to Columbus (principal g ok l)~ lF .zc
First M exten Columbus to Cairo & branch g . .F.zc
General mtge tor 510.500.000 (now gold) s f.F .z c *
w 0?.480?1 D lv lst M 54,000.000 g(V66,p 1045)Ce.zc
.
*
Mobile A B Sh lst M 5200.000 assumed gold.F .zc
c?1
!^ M s 1.200.000 g due 560.000 s-a.x
M & O St Louis D lv M $3,000,000g red 102 Cexc*
' $,t Louis & Cairo lst M gold a s s u m e d ..____
zc
• Equip tr Ser
" A ” sinking fu n d____ T . r ir . x
• do
Ser " B ” sinking fu n d___________________ "x
• C do Ser “ F ” 522.000 and 523.000 s-a........... Ix
do
Ser ‘G ” $32,000 s.-a.— last 3, $31.OOOBa.x
9° „ s? ‘
.r
$50,000 s-a, last threo $53,000-.
u u..° ^Ser , due s-a §47,000 Dec, $48,000 J’no Ce
J
M obile T erm in a l & R y — See Ala Tenn & N o r Ry.__
M ohaw k & M alone— See N ew Y ork Cent & H It R R .
M o n on ga h ela R y — N ew mortgage $15.000,000_____
Monongahela R R I s t M $1,500,000 Joint guar____ k
Monongahela River R R — Bonds— Sec B & O R R
Montana W yom & Sou— lst M g red 110text..E rn xo*
Montgomery & Eric R y— lst M (old 7s extended in‘86>
Mon to u r R R — lst M g$ 2 ,750.000redl0.5sf text U P.xc*
M o n tre a l C en tra l T e rm in a l C o— lst M red 105-.
M orehead & N or F ork — lst M g trust Clearf T r C o .x
Morgan’ s La & Texas— First M (N O to Morg C)F.zo*
ai. fir s t mortgage Alexandria Extension gold___
Fz
M iles Date
Road Bonds
150
150
___
472
525
525
189
46
—
159
159
. -___
. -___
___
—
Par
Value
$100
1895 200,1000
1895 200,1000
____
100
1879
500 &c
1883
1,000
1888
500 &c
1897
1,000
1899
500 &c
1911
1913
1,000
1886
500 &c
1899
1.000
1899
1.000
1912
1,000
1913
1,000
1914
1.000
1916
1,000
37
1915
1902
1,000
33
-57
—
_
95
127
1909
1866
1913
1914
1908
1878
1880
1,000
1,000
1,000
£25, &c
1,000
1,000
1,000
__miuuKu ireigm servico into j n c w urioans was begun
under trackago agreement for use o f Toxas & Pacific line, as aforesaid, 183
V . lOz, p . 1347.
,.tP wl?3,. . ^ 6 3 , 2 5 0 o f the $24,984,756 Toxas & Pacific seconds. See
Bonds below. Suit on T . & P . notes, V. 102, p. 2167.
v ^ H ? vershlpl-^ o rg a n iz a tio n Plan.— See Missouri Pacific R y . above,
foreclosure suit under First & Ref.M tge.was filed Oct.8 1915. V.101,p.l273.
m i!: Juiie i p i ” Che only Iron M t. coupons In default wore thoso due July 1
i . ( A . anCi subsequently on the $29,423,000 First & Ref. M . 6s o f 1912; also
l
principal duo April 1916 on L ittle Rock Junction 6s.
authorized, $190,000,000: outstanding, $44,391,299, or
which $44,349,600 Juno 30 1916 owned by Missouri Pacific. See below.
Loans and bills payablo outstanding Juno 30 1916, $2,940,000.
Iq
f ) f i n
7
t? J 9% ^ ) ^ yearIy: 1905,7%; year 1905-06. 14%
191U?2, i ^ 0,iQ ?'w °|-. ’? $ ■ 1?£8' % lr4r? : 1909-10. 6 % ; 1910-11, none
12,4% , 1913,4%; 1914, 4% ; 1915, Jan., none.
II
consolidated mortgage is for 545,000,000. NosiifOO,1
lo.OOO inclusive are endorsed with the Missouri Pacltlo guaranty o f
v,pa an? J,w
t,erest: forin ° r guaranty was In V . 56, p. 650; they are a
fl
S3 k 49? J9A1
®8- V . 68, p. 85. 233, 520: V . 78, p. 704, 1224
sin oni?n™ 4s*°£
,ssuo 530,000.000) may bo Increased not over
^b.qqq.qOO, at 512,000 per mile, for construction or acquisition and equlp^ i l „ branches and extensions. They are secured by a lien (subject only
i«,v™ ,f?enera cousols) on all the railroads, terminals and equipment of the
f i m K i o w n e d a4
04 tbe making thereof and also a first and only
' I ® ®n all stocks and bonds formerly embraced In the trust of the gold fundad leased and branch lines, or their bonds and stocks
?P51ulred by the loan, and 523,703,000 Texas & Paclflo seconds, future extenslons, &o. V. 68. p. 619; V . 70, p. 997; V. 74, p. 206; V . 78. p. 704, 1224
° rJIgjnal 520,000,000 River & Gulf Divisions 4s of 1903 were secured
_ y .a . „4 lle? °n 678 miles of road built or under construction (see above)
a?9 s m ? ral“ al property at St. Louis. East St. Louis. Cairo and Thebes
ac.r® 04 ct° al ‘ands ln Illinois, and deposit of the bonds of the
8
i s n n m n L 0 Memphis. Additional bonds may be Issued up to a total of
5o0,000,00p, at not over 530,000 per mile of main line, for new construc
tion and 515,000 per mile of second track and branches, but not exceeding
tne actual cost, and for additional terminals, equipment, double tracks. &o
y n J 6 * rfin643’ ? ° ° i 1085: v - 77• P- 1875; application to list, V . 77. p
k
2036, 2049; see also V. 85. p. 222; V. 86, p. £'?0; V . 87. p. 167; V . 89. p. 105,
V . 90. p. 850: V. 91, p. 39. Pine Bluff & West. 5s. see V . 78. p. 103. 769
E A R N IN G S .— 6 mos.,/1916------ Gross, $20,303,440; net, $7,064,062
July 1 to Dec. 31. \1915....... Gross, 16,597,757; not, 4,832,056
R E P O R T .— For 1915, in V. 101, p. 1183. Seo Missouri Pacific above.
— ( v . 101, p. 1014,1273; V. 102, p. 68,2167; V. 103, p. 1688; V . 104, p.362)
M O B ILE & B IR M IN G H A M RR. — (See M ap Southern R y .)— Mobile to
Marlon Junction, Ala., with branches, 150 miles. Leased to Southern R y.
from March 1 1899 for 99 years, the latter agreeing to meet the Interest on
bonds and to guarantee a dividend on the 5900,000 pref. stock of 1% for
? j X®ar’
for second year, 3% for third year and 4% for fourth year
Snd thereafter. Of the 5900,000 common stock, 5894.900 Is owned by
aoutnern R y ., and voting power on pref. assigned to Southern R y . during
ease. V. 68. p. 429, 1134; V. 69. p. 391; V . 71. p. 1013— (V . 72; p. 137 .T
M O B ILE JACKSON & K A N S A S C IT Y . — See New Orl. Mob. & Chicago.
M O B ILE & OHIO RR .— (See M ap Southern R y .)— Owns from Mobile
A ‘aC l,V
& ,mbu,s - K J-. 472 m.; Cairo to East St. Louis, 151.6 m .. with
branch to M illstadt. 7.23 m.: proprietary line, Kentucky & Tennessee R R .
™
i
•» uioiium ui uoiumDus, m iss ., <3 .,
ra
co
m.; uoiuniDus,
™i**2,,t 4 M,°utgom erv( A la.. 167 m.; Mobile A Bay Shore Branch, 38 m.;
1
t 7°
%Tior
H m •: W arrior South. R y . (all stock and bonds
o ™ S ^ , oonewat?r ' 4 Ia" 40 Kellerman, 14 m.; Blocton Branch. 13 m.; total
trackage. 189 m .; total June 30 1915,1,122 miles. Misslssinnf
mi f v ox
1*
1
1
V
OCJ&-— S4° ck authorized, 510.000,000; outstanding, 56,016,800; pai
5100. 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.
T ‘%1''H;'1- '1-;> - '1; 11
2 2 3 3 4
In 1915 the ...
acquired 58,261,000 of UJe 59,472,000
J
J Southern R y . had ovquiicu * ,^u i ,uuu Ol the OV.4 /Z.Ul/U
po
general 4s and 55,670,200 of the 56,016,800 stock. Issuing, 5 for 5, Its col
lateral m m 4% gold bonds In exchange for the M. A O. general 4s, secured
]?7 £>p
£ . 4ho latter and had also Issued stock trust certificates for stock,
dividends being payable (A . & O.) at 4% in perpetuity thereafter.
™°rloaoe o t 1888 abstract, V . 47. p . 83. V . 60. p . 967.
. J * 10 s t - Louis D lv. 5% gold bonds (limited to $3,000,000). dated Aug 1
i P 1 are secured by a mortgage on the former St. Louis & Cairo R R .. sub
.3;
ject to St. Louis & Cairo ls t M . 4s, due Jan. 1931, the latter o f which have
been assumed. V . 96. p. 654, 1022, 1365, 1773, 1&40, and V . 70, p. 532.
Stockho tiers Feb. 7 1917 authorized the creation o f a mortgage to secure
not exceedlhg $50,000,000 bonds, whonever the board o f directors may deem
V adoo p 253° crea4° such mortgage. V 104, p. 452; V. 102, p. 251;
First terminal m tge and collateral trust 5s o f 1911, see V. 92. p. 119.
Equipment bonds series “ J ," V. 102, p. 1718. There is no serios “ I . ”
E A R N I N G S . - 6 mos.,/1916............. Gross, $6,217,581: not, $1,234,904
July 1 to Dec. 31. \1915-............Gross. 5,855,976; net, 1,346,832
R E P O R T — Report for 1915-16 in V . 103, p. 1789 (oper. independently)
Years ending June 30—
1915-16.
1914-15. 1913-14.
X ^ ai 0pera tln g ro v en u o ..$11,868,038 $10,982,149 $13,002,583
i^ w ? ® 8
* , ........................ 2,925,200
2.660,762
2,463,919
N e t, Including other income . . . .
3,182,491
2,727,708 2,571 863
Interest rentals. & c ........ 2,329,361
2,399,010 2.486.752
? W 0nds paW - - - ........(4)240.672
(4)240,672 (4)240,680
Additions and betterments . . . . .
5,391
3,238
23 738
5a
jance, surplus or deficit
sur.$607.067 sur.$84.758 def.$179.309
Pres., Fairfax Harrison.— (V . 103, p. 1789; V. 104, p. 452.)
Amount
Outstanding
Rate
%
[V o l . 104.
When
Payable
Last Dividend
and Maturity
$900,000
4
J & J Jan 1 1917 2%
600,00C
J & J July 1 1945
5g
1.200.00C
4
J A J July l 1945
6.016.80C 4 in 1916 Y ea rly June 23 ’ 16, 4%
7.000.00C
6
J & D Dec 1 1927
1.000.00C
6 g
Q — Jan July 1 1927
9,470,00C
M & S Sent 1 1938
4g
4.000.00C
F & A Feb 1 1947
6 g
200,00C
5 g
M & N May 1 1949
480,00C
5 g
F & A 15 Augl917 to 1921
2.500.00C
5g
J & D Dec 1 1927
J
4.000.00C
4g
.1Jan 1 1931
498.00C
5
M A N May 1 1919
499,00C
A A O Oct 1 1919
5
248,000
4U
M A S M e r ’ 17-Mch '22
M & N T o N o v 1923
445,00C
5g
J & J 15 July '17-JuIy’24
809.00C
5g
903,000
44* J & D T o Juno 1926
N one Oct 1916____
1.254,000
g A
881,100
130.000
2,695.000
£1.028,800
373,000
4,935,000
1.494,000
5g
5
5g
5
5g
7
6g
Places Where Interest and
Dividends are Payable
JPM organ& C o,N Y,& Lon
J P Morgan & Co, N Y
do
do
Washington. D C
Farmers L & T r Co, N Y
do
do
Hanover N at Bank, N Y
do
do
First N at Bk. Mobile, A la
Guaranty Trust Co, N Y
Hanover N a t B k, N Y
Farmers Loan & Tr, N Y
Farmers L A T r Co, N Y
do
do
Bankers T r Co, N Y
Bankers Trust C o, N Y
do
do
N ew Y ork
A
O Oot 1 1942
Treas. office, Plttsb, Pa
M A
M A
F
J &
F A
A A
J A
S ■Sept 1 1939
N May 1 1926
A Feb 1 1963
D June 1 1964
A Feb 1 1958
O Apr 1 1918
J July 1 1920
Empire T r Co, N Y
Goshen, N Y
Union T r Co, Pittsburgh
London and Montreal
do
"M O N O N .” — See Chicago Indianapolis & Louisville R y .
.M O N O N G A H E L A R A I L W A Y .— Brownsvillo Junction, Pa. (connection
w th Penn. R R . and Pitts. & Lake Erio R R .) to Fairmont, W . V a., 69 miles,
with branches aggregating 39 milos. In N o v . 1915 operations extended
from Ponn.-W . Va. State lino to Fairmont, W . V a., 33 miles. A consolldation July 1 1915 o f Alonongahola RIt. and Duchannon
N . Soo particulars
Pitts. & L . E. report, V . 102. p. 1535. Stock autli., $10,000,000; par $50.
Outstanding Juno 5 1916, $5,000,000, o f which Pitts. & L . E. (N . Y . Central
System) owned $2,500,000 and the Penn. System, it Is supposed, the re
mainder, the Penn. R R . Co. itself owning $1,676,500 on Jan. 1 1916.
Bonds auth., $15,000,000; none issued to Juno 7 1916. Pitts. & L . E. and
Pittsb. Virginia & Charleston (Penn. System lines) guarantee tho 314%
bonds o f tho old Monongahela RR.
E A R N IN G S .— For 6 mos. ended Doc 31 1916, showed: Gross, $991,
324; not, $139,429. Results for cal. year 1915: Gross earnings on 108
miles o f road, $1,475,342; not, after taxes, $737,742; total not, including
‘ ‘other incom e," $747,168; int. on bonds, rontals, &c., $124,935: dlvs.
(4 % ), $200,000; bal., sur., for year, $122,233.— V. 102, p. 1546.
MO N T AN A W Y O M I N G & SOUTHERN RR.— Owns from Brldger, 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 milo. V . 89. p. 470. Equip, bonds Juno 30 1916, $10,000;
equip, trust notes, $13,980. Y ear 1915-16, gross, $230,868: net, $117,999;
In t„ taxes, &c., $89,620; bal.. sur., $25,888. Pres., Frank S. Gannon.—
(V . 89. p. 1281: V . 101. p. 1189; V . 103, p. 1210.)
MONTGOMERY & ER IE R Y .— (See M ap E rie R R .)— Owns Montgomery
to Goshen, N . Y .. 10 miles. Leased In 1872 to Eric H R . Rental now
$16,000 per an. Stock, $150,000. Dlvs. (4J4% per an.) paid M a y 10 and
N ov. 10. S. fd.. $6,500 per an. There are $40,500 2d M . 5s duo Oct. 1 1927.
M O N T O U R R R .— Owns Montour Jet. to tho M ifflin Yards o f Bessemer
& Lake Erio R R ., 56 miles. In Oct. 1916 tho Northern M ontour R R . C o.,
with $350,000 o f auth. cap. stock, was incorporated by tho same interests.
Stock $1,500,000, owned by Pittsb. Coal Co. o f Pennsylvania. V. 96.
p. 286, 861. Bonds, originally $2,750,000 lst 50-yr. 5s. redeemable at lorf
as a whole on and after Feb. 1 1924, or at 1 0 2 for a sinking fund o f $55 000
yearly. Equip, trust gold 5s dated Apr. 1 1913, $961,000. due Apr. 1 1938
and $917,361 Apr. 1 1923. For year ended Juno 30 1916, gross earnings
were $660,077; deficit, aftor oper. oxponscs and taxes, $67,844. Year
1914-15 (50 miles), gross, $356,609; oper. def., $243,298. (V . 98, p. 236.)
M O R G A N ’ S L O U IS IA N A & TE X A S RR. & ST EA MS H IP CO,— See M ap
01 Southern P a cific.)— R O A D .— Owns Algiers to ChcneyvIUe, 205 miles;
branches. 119 m.; extensions to Port Allen, La.. &c.. 53 in.; trackago to
Alexandria, &c., 25 m.; total, 401 m.; ferries, 3 milos. Sou. Pac. Co. owns
the $15,000,000 stock. D iv. 1906-07, 10%; 1907-08. 25%; 1908-09, 4% ;
1909-10, 59&; 1910-11,6%; 1911-12, 4% ; 1915-16, 2% .
E A R N IN G S .— 6 mos.,/1916-----------Gross, $2,913,128; not, $912,911
July 1 to Dec. 31. 11015..............Gross, 2,287,420; not, 465,622
In year ending Juno 30 1916. gross, $1,546,868; net, including other in$87*274S* 1 5 ,103 ^12*10 j $788'296; dlvs. (2 % ), $300,000; bal., sur,,
— (V
MOR GANTOWN & K I N G WOOD RR .— Owns Morgantown to M. & IC.
Jot., 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, seo table above. Bills and loans payablo Juno 30 1916 $270 000.
1'or year ending Juno 30 1916, gross, $359,895: net, $73,009. In 1914-15.
gross, $325,463; net, $43,657. Pres., Davis Elkins, Morgantown, \V\ V a.Sec., Richard Elkins, N . Y . Offlco, Morgantown, W. Va.
M O R RIS & ESSEX R R .— (See M ap of Delaware Lackawanna A Western)
— Owns from Hoboken, N . J., with important terminal facilities on N Y
Harbor, to Phillipsburg, N . J., 85 miles; branch, Donvillo to Hoboken N J
34 miles; leases, 38 miles; total oper., 157 miles.
Leased Dec. 10 1868 in perpetuity to Del. Lack. & W est., which guaran
tees 7% per ann. on stock and 1% extra in case 30% o f gross earnings Is
sufficient to pay all fixed charges and 10% on stock.
°
In A pr. 1915 a stockholders’ committee (Geo. C . Van T u yl Jr., Chair
man, James F. M cNam ara, Sec.: Metropolitan Trust C o., N . Y . ’ depos
itary) brought suit against the Do!. Lack. & Western R R . for an accounting
and payment o f 1 % extra in dlvs. for tho years 1905 to 1914 and thereafter
V. 100, p. 1510, 1672, 1752, 1833, 2010; V. 101, p. 527, 1189. D . L & W
in M a y 1916 brought a counter suit. V. 102, p. 1896.
Tho $9,191,000 7s duo Juno 1 1915 purchased by tho D . L . & W .
and are held in tho D . L . & W . treasury pending delivery to it o f 3 Ms under
the lease. V. 102, p. 795, 609. Pres., John O. I I . Pitnoy, o f Morristown
v.- f e . X b ' S ' i ' l r o o . ' f 19‘ 5- v - 101’ D- 48- ( v - 101' » • J180' 1553:
„ M ORRISTOW N & ERIE R R — Owns M orristown. N . J., to Essex
Fells, N . J., 10.64 miles; 2 branches. 2.32 m.. total 12.96 m. Stock.
$400,000: par, $100. Bonds, see table. Year 1915-16, gross, $125 029‘
net, $47,924. In 1914-15, gross, *106.489; net, $34,885: other inc., *291*
int., taxes, &c., $18,668; bal., sur., $16,507. Pres., R . AV. M cEw an,
AVhippany, N . J.— (V . 96, p. 1629.)
„ MOUNT CARBON & PORT CARBON RR.— Owns M t. Carbon to P o r
Carbon, Pa., 2.60 m.; total track, 13.40 m. Leased to Phlla.& Reading R y
Sept. 30 1909, for 999 years from M a r. 5 1910 at 5% on stock, taxes, &c
(V . 89, p. 42.)
. M O U N T H O O D R R .— Hood R iver to Doe, Oro., 16.4 miles. Stock,
$250,000: par, $100. Bonds, see tablo. Yoar 1914-15, gross, $79,095: net.
$33,764; Int., taxes. &c., $52,214; bal., def., $17,450. Pres. W. U.
Eccles, Dee, Ore.; Sec. & Treas., H . H . Rolapp, Ogden. Utah.
M O U N T R O Y A L T U N N E L & T E R M IN A L C O .— A constituent com
pany o f tho Canadian Northern R y . system. Formed to build a tunnel
through M ount Royal and to construct tho terminals at Montreal. Con
struction will bo completed In 1917. Cost to Sept. 1 1916, $8,300,000.
89
RAILWAY STOCKS AND BONDS
F e b ., 1917.]
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Dale
Road Bonds
1902
1905
Morgantown & Kingw ood— 1st M closed is s u e ..-----Morris A Essex— Stock 7% guaranteed I) L A W ----1st M 7% cons hold by D L A W ponding doliv o f 3 Ms
1st R e f M g $35,000,000 gu p A 1........ ......... F.xc*Ar
Morris A Essex extension stock guaranteed 4 % ___
Morristown & Eric— First M $300,000 g s f red p a r ..
Mt Carbon & Port C R R — Stock (rental guar) t e x t . . .
Mount Hood R R — 1st M $500.000------------------------M u n isin g M a rq u ette & S ou th ea stern — I s t M g . x x
Munising— First mort gold. _ __________________ x
M u scatine B u rlin g ton & S ou th ern R R — _________
Muss No & So R y— Seo Muscatine Burl A South R R
Muskegon Grand Rapids & Indiana— First M g ..C cx
M uskogee C ity B ridge Co— Seo plan under St L A SF
1875
1 < 1900
1J
2
13 1903
. . . •07-H I
1914
138 1903
38 1900
Amount
Outstanding
$40,500
$500
500 Ac
773.000
50 15,000,000
1,000
9,191,000
1,000 25,305,500
100
221,000
1,000
260.000
50
282,350
500.000
Seo text
£1 00 ,A c
1.000
1.000,000
1,000
$160,000
37 1886
1,000
1904
____
____
1883
1883
1888
—
1,000
100
100
1,000
1,000
1,000
25
14 H
___
23
46
840
119
vlile
. . . 1902
N a s h ville T e rm in a l— First M gold red 105 -.M e s t-x
1909
First R e f M $3,000,000 auth(V 98, p 1668)call 105.N
National Rys of Mexico— Com stock $75,000,000 U S g
First pref stock $30,000,000 4% n-p (p A d ) ..........
___ 1907
Prior lien M U Sgred 105beg’ 17 (see text) C e.xc*Ar*
___ 1907
Gen mtge U S gold redeem par (text) guar N.xo*
N at R R of Mex prior lien mtge g call 105-- Un.xc* 1,284 1902
First cons M $60,000,000 gold (see t e x t ). . -Ce.xo* 1.534 1902
___ 1889
Mexican Central— Priority bonds gold red 110 _ .. z
F ir s t eons ino A scrip n-cum ($9,600 p m) g AB.zc* 3,407 1889
2 d cons Ino($6.400 p m)rcd 50% to July 29AB.ZO* 3,407 1889
.Nashua & Lowell— Stock 9% rental 99 years B A M . .
N ash ville C h a tt & St Lou is— Stock $16,000,000auth
First mortgage on Jasper Branch____________ Ccz.c*
First mortgage on Cehtreville Branch g — Cc.zo’ Ar
Cons mtge ($20,000,000) $20,000 p m g o ld .. Us.zo*
Nashville & Decatur— Stock guar 7
by t» A N _ - .
Euuinment 5s $50,660 redeemable yrly at p a r..x
do ($50,000 yrly par( red 102 14 beg ’ 10.OB.xo*
Par
Value
—
1897
1899
1.000
$, £, Ac
$, £ Ao
$500 Ao
566 Ao
1,000
1,000
1,000
1.000
1.000
750.000
Rate
%
5
5
7
7
3)4Z
4
5 g
5
6
5
5
4 g
5e
1.276,000 0 4 g
800,000 See text
16,000,000 6)4 in’ lO
370,000
6g
3/6,000
6 z
10,106,000
5e
3,553,750
7)4
1,000.000
See text
74,803,466
28,831.000
120,379,491
84,821,115
50,748.575
23,000,000
24,740,000
1,374,000
170,600
21,000
662,456
150,000
300,000
**
4)4
4
4)4
4
5
3
3
g
g
g
g
g
g
5g
5 g
When
Payable
Last Dividend
and M aturity
J Jan 1 1922
J A
J
A J Jan 1 1935
J A J Jan 2 ’ 17, 3 )4 %
J & D Matured
J A D Dec 1 2000
M A N N o v 1 ’ 16, 2%
M A S Sept 1 1923
J A J Jan 15’ 17.2)4%
J A J Jan 1 1927
A A O Apr 15 1970
J A D June 1 1933
A A O Oct 11925
Places Where Interest and
Dividends are Payable
Bk of Mon Val, M org.W V
Davis T r Co, Elkins, W V
Del Lack A Western, N Y
D el Lack A W est, N Y
do
do
Brooklyn Trust Co, N Y
Reading Terminal, Phila
Ogden (U tah) Sav Bank
C it Sav A T r Co, C leve
do
do
J
A
J July 1 1926
Winslow, Lanier
J
M
F
J
J
A
J
A
A
A
A
A
A
A
J
N
A
J
J
O
J
T S M tg A T r Co, N Y
J
Check from C o’s office
New Y ork and Nashville
do
do
do
do
do
do
Louisville, K y
J
M
A
A
J July 1 1932
N M a y 1 1949
A
A
A Co
July 1916 pd Doc 29 ’ 16
City of Alexlco, Lond, Ao
Feb 10 '13, 2% Office, 25 Broad St, N Y
J
J A
A A O
J
J A
A A O
J A J
July 10
A
A
July 1 1924
N o v 1 ’ 16.4)4%
Feb 1 ’ 17, 3)4
Jan 1 1923
Jan 1 1923
Apr 11928
Jan 1917, 3 J i%
July
Oct
Oct
Oct
July
Jan
Jan
1 1957
1 1977
1 1926
1 1951
1 1939
10 1939
10 1939
O Apr 1 1917
O Oct 1 1919
See text
See text
See text
See text
See text
None j>ald
Old Col T r Co, Bos A Lon
See toxt
tt
Present bond issuo is to bo limited (V . 103, p. 1889) to 520,000,000 till
tho $1,750,000 certain Can. N or. R y . one-year secured notes (V . 103, p.
1209) are paid. The bonds aro callable at 105 and interost (sinking fund
u .% beginning in 1920) trustco, British Empire Trust Co , L td ), in
September 1910 $9,012,565 had been certified, including $6,346,133,
or raoro pledged to secure short-term loans o f tho Canadian Northern.
A bill passed in tho House o f Commons In Canada in M a y 1910 provides
that, as intended by the original A ct o f 1914, rentals paid the company by
tho Canadian Northern Ity ., tho Canadian Northern Ontario R y . and tho
Canadian Northern Quebec R y. shall be included in their operating expenses
and thus rank ahead o f their other fixed charges. V . 103, p. 1210; V. 102,
p. 1987. Capital stock, $5,000,000, owned by Can. N or. R y . Sec., R . P.
Ormsby, Toronto.— (V . 103, p. 1210, 1889; V . 104, p. 164.)
A lU S C A T IN E B U R L IN G T O N & S O U T H E R N R R .— Muscatine. Iowa,
to llm lington, 55 miles. This includes 4.6 miles trackage, tho company
owning a parallel right o f way on 4 miles. V. 80, p. 1059.
Successor in
Aug. 1916 o f Muscatine North & South R y. V . 103, p.579; V. 99, p.969.
1749. Stock, $450,000: par, $100. In N ov. 1916 Muse. Burl. A So.
Securities Co. was incorp. in Maine with $800,000 auth. cap. stock. V . 103,
p. 1981. For year end. Juno 30 1916, gross, $167,703; not, $49,808. In
1914-15, gross, $134,556; net income, $29,521. Pres., M . D ailey, Musca
tine.— (V. 103, p. 579, 939, 1981.)
M USKEGON G RA N D R A P ID S & IN D IA N A R R .— Owns road, Grand
Rapids to Muskegon, Mich., 37 m.; trackage, G. It. & Ind at Grand Rapids,
3 miles. Operated by G. R . A Ind. H it., which was foreclosed in 1896.
consideration, net earnings. Stock autll.. $350,000; par. $100: Issued.
$20,000. Y ear Dec. 31 1916, income from leaso o f road, $86,223; interest on
bonds, $37,500; bal., sur.. $48,723.— (V . 90, p. 560.)
M U T U A L T E R M IN A L CO. OF B U FFA LO .— Owns 5.22 acres of land
with 1,480 feet of fiontage on the city ship canal wharves, freight house
and a steel and brick grain clovator, capacity 3,000,000 bushels. Stock,
$60,000. all owned by tho N . Y . C . & H . It. R Ii., D. L . A W ., Lehigh Valley
and Erie, which each, under agreement o f Jan. 2 1905 as amouded, guaran
tee to pay one-fourth the int. and sinking fund charges on the bonds (tho
latter $200,000 yearly). O f the bonds ($5,000,000 total auth.), $444,000
aro reserved for future uses: $3,280,000 to Oct. 1916 retired. V. 89. p. 779.
Pres., Charles M . Ileald. Buffalo; V .-P .. C. S. Goldsborough, 50 Church
3t., N .Y . Treas., F . H . Sllvcrnail, 143 Liberty St., N .Y .— (V . 89, p. 779.)
NASHUA & L O W E L L R R . — Owns double-track road rrom Lowell. Mass.,
to Nashua, N . II., 14)4 miles. On Oct. 1 1880 leased for 99 years to Bostpn
A Lowell. In 1887 lease was transferred to Boston A Maine, which pays
n rental o f $73,000 (9% on stock) and $1,000 for annual expenses, and in
April 1911 received authority to purchaso stock; in N o v . 1906 to 1912 incl.
extra was paid from accum. cash surplus.— (V.83,p,970; V.85,p,1005.)
N A S H V IL L E C H A T T A N O O G A & S T . L O U IS R Y .— Owns from Chat
tanooga, Tenn., to Hickman, K y .. 322 m.; branches to Lebanon, A c., 517
m.; leases Western & Atlantic, Chattanooga, Penn., to Atlanta, G a., 137
m. (V . 104, p. 452); and Memphis A Paducah Division o f tho L . A N ., 254
miles. Seo V. 71, p. 544. 664, 864. Tota l operated July 1 1916, 1,231 miles.
O R G A N IZ A T IO N .— A majority ($11.484,100) of the stock was owned by
the Lou. A Nash., of which $8,802,400 pledged under its mtges. West.
A A tl. Is leased from State of Georgia till Dec. 27 1919 at $120,012 yearly.
Under tho lease as extended to Dec. 2; 1969, tho rental for tho 50 years
w ill bo $540,000 yearly with taxes o f about $113,000 p. a., while $60,000
yearly w ill be applied to improvements. V. 104, p. 664.
Th e Paducah & Memphis D lv. o f tho Louisville & Nashv. R R . C o. is
leased for 99 years from Dec. 14 1895; the annual rental is 5% on tho cost
o f road and 6% on amounts paid by L. & N . R R . for additions, etc.
Owns jointly with tho Cldc. Burl. A Quincy the Paducah & Illinois R R .,
which is building a double track bridge over the Ohio River at Metropolis,
111., and has constructed a lino from Metropolis to Paducah, K y ., 14 miles,
and w ill jointly guarantee its bonds. See that company.
S T O C K .— V. 96, p. 554; V. 97. p. 176, 1281.
D IV ID E N D S .— Sinco 1894:
„
.
'95-'93. *99-’03.’04. ’OS-’OO. ’07. ’OS. 09. 10- 11. ’ 12. T3 -’ 14. ’ 15. TO. T 7
4 y ’ly
None 4
5 y ’ly 6 5)4 0
7 y ’ly
5 614 3)4
ill 1910, Fob., 3% ; A ug., 3 )4 % : 1917, Feb., 3 )4 % . v . 103, p. 239.
BONDS.— Consol, mtge. of 1688 provides that all prior bonds shall be
paid oil at maturity: sufficient of the $20,000 n.m. are reserved for them.
In Aug. 1915 and Oct. 1916, $1 ,.>00.000 and $ 1,000,000, respectively, con
sols were issued, making total out, $10,108,000. V. 101, p. 131, 694. 1465;
V . 103, p. 1301, 1593. On Jan. 1 1917 threo issues of underlying bonds,
aggregating $1,149,000 wero redeemed.
Jointly, with Lou. A Nash., guarantees $2,535,000 L . Sc N . Ter. 4s;
with tho L . Sc N .. Southern R y., St. Louis I. M . Sc So. and St. Louis South
western 82.500,000 Memphis Union Station 5s, and with tho Chic. Burl. &
Quincy R R . $3,500,000 Paducah A lllln o ls R R . 1st M . sinking fund 4)4s.
E A R N I N G S — 6 tnos.,(1916..........Gross, $7,117,112; net, $2,034,915
July 1 to Dec. 31.
(1915......... Gross, 6,268,211; net, 1,516,396
A N N U A L R E P O R T — Report for 1915-16 in V . 103, p. 1590.
Years end. June 30— 19lh-lG -_ „1014-15._
1913-14.
1912-13
Gross earnings..............$12
N o t earnings------------i f l r ^ f equip .front's' & c.
602,728
488,081
562,423
445,912
N e t incomo-------------88,971,371
82,367,874 $3,299,765 $3,400,414
In t. on debt and taxes..
S9}6,8,j2
$823,617 $1,223,709
R e n ta ls________________
717,031
711,487
626,518
626,518
Dividend on stock ..(6 )4)1 ,039,533(5%)79J,226 (7)1,118,930(7%)698,932
Balance, surplus_____ $1,297,986
$25,397
$730,700
$851,255
Chairman, E. C. Lewis; Pres., John Howe P-j'ton; V .-P ., H . F. Smith:
Treas., J II Ambrc
;Sec., T . A . Clarkson.— ' j r . 103
’ 301.1413,
1593, 2341; V. 104, «,• 452. 664 )
N A S H V IL L E & D ECATUR R R .— (See M a p Louisville & Nashville.)—
Owns from Nashville, Tenn., to Decatur, A la., 119 miles. Re-leased to
Lou. A Nash, in 1900 for 999 years, the rental being 7 )4% on stock. The
Lou. A Nash. July 1 1915 owned *1,958,850 of the stock.— (V . 70. p. 1195.
N A S H V IL L E T E R M IN A L CO.— Owns bridge across the Cumberland
River and 20.17 m. of track. Leased for 99 years from May 1 1902 to Tenn.
Cent. R R ., which owns entire $1,000.000 stock. On Dec. 29 1916 interest
duo July 1 1916 on 1st M 5s o f 1909 was paid at M erc. T r . C o., St. Louis,
stopping threatened forfeiture o f lease.— (V . 104, p. 452.)
N A T IO N A L R A IL W A Y S O F M E X IC O .— On June 30 1914 comprised
tho following lines, but during the revolution o f tho succeeding 2)4 years
somo hundreds o f miles o f track and many bridges, engines, cars, A c., were
destroyed:
Other lines-------------------------138
Standard Gauge— Owned. M iles.
Controlled— Securities Owned.
Laredo to City of Mexico____ 802
Texas Mexican R y . (V.99,p.468) 162
Mexico City to Juarez C ity__1,224
Leased—
Mexico to Rio Balsas_______
182
M ex.U n.Ry., Coahulla Coal R y .
35
Chtcalote to Tam pico_______ 406
Tampico to Monterey and Gomez
Total standard gauge_______ 6,373
Pa la clo__________
548
Narrow Gauge— Owned.
Piedras Negras to Sauceda__ 238
City of Mexico to Acambaro. Ao. 173
Matamoras to Durango_____ 171
Peralvillo to Beristaln (102 m .)_ 214
Branch— Irapuato to Ameca_ 217
Leased—
“ Guadalajara to Manzanillo 221
Mlchoacan A Pacific R y ______
57
50
San Juan Jet. to Jaral______
Monterey to Matamoras____ 206
Total incl. in earnings______ 7,661
Gonzales to Acambaro______
53
Controlled— Earnings separate
Jimenez to Rosario__________
96
Interoo. R y . and Mex. Sou...1,047
Other branches, A c _________1,300
Cordoba to Santa Lucretia_ 202
San Geronimo to Guatemala bor 285 Grand to t.(1.342 m.3-ft. gauge) 8,027
O R G A N IZ A T IO N .— Organized March 28 1908 under special A ct of Con
gress of Mexico, per plan in V. 86, p. 918, 982. The properties of N at. R R .
o f Mexico. Mex. Central and Mex. International were acquired by deeds:
V. 88, p. 452; V . 89. p. 1601; V. 90. p. 1554. Application to list, describing
properties, new securities, A c., V . 88. p. 1318. Vera Cruz to Isthmus R R .
(340 miles) was merged N o v. 1 1913 and its bonds assumed and the Pan
American R R . in March 1914. V. 97, p. 1740. 1823; V. 98, p. 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 and Interest
of the general mtge. bonds. V. 87. p. 1533.
In June 1915 the operation o f tho company was still out o f the company s
hands, and under the direction o f factions engaged in strife. V. 100. p. 1078.
Owing to this, all interest and other obligations maturing Oct. 1 1914 and
subsequently, including the principal of notes due June 1 1915 ($27,476,000).
A 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.
In Sept. 1916 the Carranza Government was in control and was operating
tho entire 8.000 miles o f tho Government lines,as well as operating about
2,000 miles belonging to private companies. V . 103, p. 991.
D IV S .— 1st pref., 1908. 1% : 1909, 2% ; 1910 to 1912, 4% ; 1913. 2%
none since.
B O N D S .— Th e amodnts o f new bonds and pref. shares which the N . Y .
Stock Exch. agreed to list as soon as issued (V . 88, p. 1318) were as follows:
P rio r L ien 4)4% Bonds ($225,000,000 auth.. V . 86, p. 1319, 919.)
Issuable In part exch. for Mex.Cent.bonds, abt — $93,494,962
Betterments, equip., retiring equip, oblig.,-A c— 13,005,000-$106,499,962
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)4s; (2) $90,324,807 (o f which $5,175,193 issued) for extensions. A c.,
The right is reserved to Issue $6,000,000 additional bonds to take up
£1,200,000 prior lien bonds o f the M ex. Internal. R R . Co.
Subject to call after Jan. 1 1917 at 105 in amounts not less than $10,000.
000. or for cum. sink. fd. sufficient to retire entire issue by m aturity.
Guaranteed General Mortgage 4% Bonds ($160,000,000 auth.)
Issuable for Mexican Cent, bonds, cash, Ao-------- $47,765,075
Betterments, equip., retiring equip, oblig., A c— 12,985.925— $60,751,000
The remainder of the $160,000,000 is reserved as follows (U $24,749,000
to retire National R lt. o f Mexico first consol. 4s; (2) $74,500,000 (o f which
$7,776,375 issued) for extensions, impts., A c. See V. 86, p. 1320, 919.
T h e right is reserved to issue additional bonds to retire an equal amount
of the consol, mtge. bonds o f the M ex. Internal. R R .
The general mtge. bonds will be subject to call at par in amounts not less
than $10,000,000 after April 1 1927; also on and after Oct. 1 1937 for a cumu
lative sinking fund, which is to retire entire issue not later than 1977.
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 or prin. 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 Mexloo.
V. 75. p. 185. Prior lien 4 Ms, see V. 65. p. 151, 1071. Consol. 4s of 1897
listed on N . Y . Stock Exch. Feb. 1898. See application in V. 66, p. 341.
Vora Cruz A Pacific R R . bonds aro subject to call at 110 to July 11924,
and on July 1 1924 and thereafter at par. Th e company Jointly guaranteed
Vera Cruz Term . C o. debs. V. 87, p. 39: V . 91. p. 465; V. 92. p. 528.
Tho 6% 2-year secured gold notes dated June 1 1913 were defaulted at
maturity Juno 1 1915. V . 96, p. 1629; V . 97. p. 176, 1504. 1663, 1739;
V . 100, p. 1918.
In 1914 owing to the interruption o f business by tho Mexican revolution,
tho bondholders wore offored in payment o f maturing coupons 6% notes
duo Jan. 1 1917 at par, entitled to interest out o f income from deposited
securities and available revenues and secured by pledge o f 6% 10-year
Mexican G ovt, treasury bonds o f 1913 advanced to tho company (on which
int. was suspended in Jan. 1914 for 6 mos.I
See V. 98. p. 74, 453, 1072.
1393, 1694. 1993, 1749: V. 99, p. 120, 407. 675. 1749.
90
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
( For abbreviations, A c ., see notes on first page]
N a tio n a l R ys o f M exico (Concluded)—
ile x In t prior lien £1,200,000 red at par_.U n.xo* Ar
First cons M 516,000,000 g not gu a r.-M p .x o*A r
do g guar stamp subj to call at 95 to Mch 1907-x
Vera Cruz & Pacific 1st M g red (tex t)------------- xc*
Pan Am er (M ex-Guat) 1st M (text) red 105gu p A i xc*
General mortgage guar prln A lnt------------------- x
N at R ys 2-year secured gold notes red par_____ Cex
3-yoar secured notes $2,460,341 rod par----------- G
Secured gold notes extended In 1914 and ,1915------Three-year secured notes $1,509,752 red par----- G
Secured gold notes $813,090 red par----------------- G
Secured gold notes $3,099,046 red par-------------- G
Nevada-California-Orcgon— First m tg 51.500,000 g .x
Nevada Central— 1st M gold non-cum lno (sk fd) _ Ccz
Nevada Copper Belt R R — First M 51,000,000 gold_-z
N evada C o N G R R — 1st M duo part yea rly----------M ortgage sk fd call 105 $500,000------------------US
New England— Also New Haven & Northampton— Se
New Jersey Indiana & Illinois— First M 5250,000 gold
New Jersey Junction— 1st M guar $4,000,000. G.zcAr
N ew Jersey & N ew Y o r k —’1st M tgo ext 1910-------Second m ortgago___________________________________
General mortgage__________________________________
New London Northern— S to c k -----------------------------First m ortgage___________________________Ba.xo* Ar*
West River first mortgage guaranteed prln and lnt.
New Mex Cen— S Fe Cen 1st M 52.500,000 g . -PP i.xo*
New Mexico R y & Coal— See El Paso & Northeastern
New Orleans Great Northern— First M g — C ol.xo’ Ar
Equip trust ser A (due s-a 525,000 to Aug 1917) -Nx
New Orleans & North Eastern— Stock $6,000,000-
N ow mortgago $16,000,000----------------------------Old Bonds to Be Refunded—
Prior lien mortgage gold____________________ Ce.xo*
General mortgago 58.000,000 gold------------ F.xo*
Income mortgage (non-cum) 51,500.000 gold__N.xr
Equip trusts ($17,000 s-an to Feb 17 1924)----------do
Series E gold duo about $17,500 s-a.-B a
a Out o f the $7,206,500 Moxican International
Rys. o f M exico o f June 22 1908. $4.499.000 income ho
M iles Date
Road Bonds
615
1897
866 1897
866 1897
1904
1903
1907
1913
1913
1913
1914
1914
1914
1899
94 1888
1909
20^'
20 H 1914
e New York
12 1904
5.62 1886
34 1880
34 1885
34 1892
263
285
285
121
121 1910
36
117
Co
243
196
196
1905
1901
Rate
%
When
Payable
Last Dividend
and Maturity
4 H g M A S Sept 1 1947
£100 Ao $5,850,000
M A S Sept 1 1977
705,500
4 g
$500 Ao
4 g
M A s Sept 1 1977
500 Ao a6,501,000
1,000
7,000,000
4H g J & J July 1 1934
J A J Jan 1 1934
2.003,000
5 g
1,000
A J Jan 1 1937
J
1,484,000
5
1,000
J
A D June 1 1915
$ £ Ac 26,730,000
6g
J & J Jan 1 1917
See text
6
45,&c
June 1 1915
746.000
6
J Jan 1 1917
J A
See text
6
2, &c
J A
J Jan 1 1917
Soo text
6
J Jan 1 1917
None Issued
J A
6g
1.312,000
M A N May 11919
5 g
1,000
A J July 2 1938
J
750,000
5g
1.000
,1 A J June 1 1919
622.000
6g
J 1920 to 1924
J A
126,000
7
1.000
A A O April 1943
50,000
5
1.000
New Hav en A H art! ord
250,000
5 Z ,T A J July 1 1934
1,000
F A A Feb 1 1986
1,700,000
4
1,000
M & N M a y 1 1950
394,000
5
500 Ac
J N o v 27 1985
,1 A
5
3,000
100 Ac
J Dec 31 1932
J A
629,500
5
500 Ac
1 J Jan 2 T 7 2% %
1,500,000
9
100
3—
J A J July 1 1940
1,500,000
4g
1,000 Ac
J A D 1990
75,000
4
J
A D Dec 11941
5g
$1,666 $2,500,000
1905 1,000 Ac
1,000
100
1917
Tota l incomo______ _______________ sr.$357,399df$ 1,065,573s$22,571,500
Taxes, ronts, & c...............
$5,253,605
$4,249,456 $1,225,887
Interest charges_____________________ 23,655,664 23,520,595 20.622,051
Reserve fund________________________
_________
_________
36,178
Balance .....................................dof.$28,909,329 d$28835,624 sr.$687,382
First preferred dividend_____________
_________
_________ (2)1,153,316
Balance, d eficit............................... $28,909,329 $28,835,624
$465,934
Chairman o f Board, Carlos Basave y del Castillo Negrete; Vice-Chairman,
Jose Diego Fernandez: President, Alberto J. Pani; Sec., It. D. Carrion,
all o f C ity o f Mexico; Asst. Sec., E. E. Bashford, and Asst. Treas., F . M .
Souther, N . Y . C ity. N . Y . office, 25 Broad St.
Directors (olcctod Oct. 30 1915): (a) In M exico C ity: Jesus Acuna,
Carlos Basavo y del Castillo Negrete, Luis Cabrera, Elias S. A . de Lim a.
Jose Diego Fernandoz, Aquiles Elorduy, Fernando Gonzaloz Roa. Gabriel
Mancera, Rafaol N ioto, Alborto J. Pani, Joso Simon, Rafael Zubaran.
(5) In N . Y . C ity, Alfredo Caturegli, W ni. E. Curtis, J. J. Ilanauer, Rob
erto V. Pesqueira, Waltor T . Rosen, Charles It. Sabin, Richard Schustor
and II. II . Welirhane.— ( V . 101, p. 1959, 1973.)
N E V A D A -C A LIFO R N IA -O R E G O N R Y .— (3-ft. gauge.)— Reno. N ev.. to
Lakoviow. Ore., 236 miles; Plumas to Davies M ill 39 miles (former
Sierra & M ohaw k R y ., bought Jan. 1 1915). V. 99, p. 1366. Stock,
com., $1,450,000; pref., $750,000, all out. A fter 5% on com., both stocks
share nro rata. Divs. on pref., 1906, 3% ; 1907, 4% ; 1908 to 1910, 5%
each: 1911,3%; Sept. 1912, 2% ; on coin., 1% 1909: 1% 1910: none since.
In April 1916 was authorized to issuo $117,000 additional bonds, o f which
$73,000 were sold and $44,000 placed in treasury, making total bonds
$1,277,000. V. 102, p. 1540. 1626.
E A R N IN G S .— 6 m os„ /1910................. Gross, $251,912; net, $53,935
July 1 to Dec. 31.
\1915................. Gross, 228,262; net.
38,339
R E P O R T .— For 1915-16 in V . 103, p. 2075:
. .
Fiscal Year—
Gross.
Net.
In i., A c.
Deficit.
1915-16................................ $369,221
$51,876
$77,475
$25,599
dof.8,846
73,571
82.417
1914-15................................ 377,749
Pres., Charles M oran, 68 W illiam St., N . Y . — (V . 103, p. 1303,2074.)
N E V A D A C E N T R A L R R .— Battlo M t. to Austin, N o v., 94 miles;
3-ft. gauge. Stock, $750,000, in $100 shares, largely owned by the Nevada
Company. Interest payments on the $750,000 incomo bonds in recont
years: July 1906, 4% ; Jan. 1908, 2 H % : Feb. 1909, 1M % : July 1911, l % % ;
'
A u g . — ‘ . 3 % : March 1916. 1%. Pres., J. G. Phelps Stokes, 100 W ill1914
C ity.— (V . 102, p. 1163; V. 99, p. 538.)
lam St., N
N E V A D A COPPER BELT R R .— Owns Wabuska to Ludwig, N ev.,
37.8 miles: Wabuska to Thompson, 2.50 m.: total, 40.3 miles. Incorp. In
M aine M ch. 22 1909. Stock auth., $1,000,000, all issued. Bonds (autb.)
In 1915, gross, $75,752; net, $14,360. Six months to Dec. 31 1916. gross,
$56,731; not, $54,739. Pres., Samuel N aphlay, Grass Valloy, Cal.— (V .
96, p. 1840.)
N E V A D A C O U N T Y N A R R O W G A U G E R R — Colfax to Nevada C ity,
Cal., 201$ miles. In M ay 1913 control was acquired by Oakland Antioch
A Eastorn (Elec.) R y . interests. V. 96, p. 1630. Stock, $250,200; par of
shares, $100 each. Dlvs. paid: In 1882, 3% : 1883. 6% ; 1903 to 1905. 5% ;
1906, 10%: 1909 and 1910, 2>S%; 1911, 6 t* % ; 1912, Juno. 6 H % ; 1913.
5% ; 1914, 16%: M ar. 1915 to Dec. 1916, 2% quarterly. Bonds, see table
and V . 98. p. 1157.
Year onding Juno 30 1916, gross, $144,193; net, after taxes, $47,418;
other income, $817; charges, $36,399; bal., su r.,$11,835.— (V .9 8 .P . 1695.)
NEW JERSEY IN D IA N A & IL L IN O IS R R .— South Bond to Pine, Ind.,
12 miles.
Stock, all Issued, 5100,000; par, 5100. Bonds, $250,OOd
Mechanics’ Trust Co.. Bayonne, N . J. trustee.
Year ending June 30 1916
gross, $59,894; net, $19,046; other Income, $385: int., taxes, A c., $22,141;
bal., def., $2,710. Pres. A Gon. M gr., Clayton M ayo; V .-P ., R. O. Scholz;
Sec., I I . C . Weppler; Treas. ,T . A . Hynes. Office, 149 Broadway, N . Y .
N EW JERSEY JU NCTION R R .— Terminal road through Jersey City.
Hoboken and VVeehawken, about 5.62 miles.
Leased for 100 years in
1886 to N . Y . Contral A II. R. R R . Co. (assumod by N . Y . Central),
which guarantees bonds and owns tho $100,000 stock.
N EW JERSEY & N EW Y O R K RR .— Owns from Erie Jot., N . J., to
Garnervllle, N . Y ., 29 miles; branches to New City, Ac., 5 ni.; operates to
Haverstraw, Ac.. 14 m.; total operated, 48 miles. Erie R R . In A pril 1896
purchased control. Stock, $1,440,800 com.. 5787,800 pref.; par, $100. Con
trol is with pref. std6k and 1st mtge. till 6% has been paid on pref. for three
years at 5% . V. 90, p. 914. Year 1914-15, gross, $861,698: net, after taxes,
&c., $232,892; other income, $28,747; bal., def.. $25,994. In 1915-16.
gross, $879,156; net, $221,507. July 1 to Dec. 31 1916, gross, $163,494;
net, $125,165.— (V . 90, p. 914.)
N EW LONDON NORTHERN R R .— Owns from New London, Conn.,
Via Brattleboro, V t., to South Londonderry, V t., 158 miles.
L E A S E D for 99 years from Deo. 1 1891 to Central Vermont. Tho rental
Is $213,552 per annum, which leaves a small surplus after providing for In
terest, A c., and 9>4% dlvs. Taxes & impts. met by lessee. V . 90, p. 1677.
D IV ID E N D S .— 1888 to April 1892, 7% yearly, then 8% yearly to 1893
to July 1912, 9% per ann.; since July 1912, 9 'A % per ann. (three o f 2>£ %
and one o f 2 M % ).— (V . 90, p. 1677.
Places Where Interest an&
Dividends are Payable
M ar 1915 coup
do
do
Jan 1915 coup
See text
See text
Doc 1914 coup
not paid
do
do
not paid
not paid
Dec 1914 coup not paid
Dec 1914 coup not paid
C o’s office, 68 W illiam St
1% paid March 1916
Boston. Mass
Wells, Fargo Bk. San Fr
Union T r Co. San Fran
Meoh Tr Co,Bayonne,N J
N Y Central R R .
O ffice, 50 Church St, N Y
do
do
do
do
New London Office
Cp M AM B k .N Y ; reg md
New London Office
Columbia Trust Co. N Y
F A A Aug l 1955
8.248,000
5g
F A A Aug 1917 A T 8 N Y Trust Co, or Buffalo
150,000
5
6,000,000 4 In 1916 Yearly Sept 8 1916 4% New Orleans, La
Seo toxt
M A N N ov 1 1940
1,371,000
5g
1.000
1885
6,162,000
1.000
4 H b J A J Jan 1 1952
1902
1,500,000 Up to4
% gold July 1 1952
1.000
1902
F A A Aug ’ 17-Aug ’24
255,000
4
1.00(1
1914
4Jft g J A D T o Juno 1 1926
332,500
1,000
1916
R R . 1 St coi sol. M . 4 s there was plodged $ 3. 900,00 0 under prior li
nds an
85.200 ca pital stock p lodged un der conso 1. m. o f National
196
196
196
R E P O R T .— Roport for year ondin" Juno 30 1915 was In V. 101, p. 1969,
showing, in M ex. curr. conv. into U. S. curr. at 50c. on dollar:
1914-15.
1913-14.
1912-13.
Gross earnings...................
$1,776,982 $34,273,341 $57,370,282
dof.S45.487
$2,379,776 $21,126,336
N e t ea rn in gs...............
Other incomo_________________________
402,886 d f.3,445,349
1,445,164
Amount
Outstanding
Par
Value
[V o l . 104
Central Trust Co N Y
Farmers’ L A T r Co, N Y
(If earned) on Deo 1
en mtgo. o f the N ational
Rys. of M ox.of Mch 15’02
N E W M E X IC O C E N T R A L R R .— Owns Santa Fe, N . M ., to Torranco.
117 m. Ralph C. E ly o f Doming, N . M ., is rocoivor. V. 103, p. 493.
Foreclosure pending under 1st M . o f 1901 and Albuquerque A Eastorn mtgo.
V. 90. p. 168, 1564, 1677; V. 92. p. 1109; V. 100, p. 140. Sale adjourned in
definitely. V. 98, p. 1993: V. 99. p. 198, 1300. Stock, $2,500,000. all out
standing. For 11 mos. to M ? y 30 1916, gross, $55,384; def., $14,539;
1914- 15, gross, $59,952; oper. def., $10,822. Pres., Harrison N esblt.
Pittsburgn, Pa.; Treas., Charles C . M urray; Sec., Francis J. Torrance.
O ffice, Santa Fe, N . M . —(V . 100, p. 140. V . 103, p. 493.)
NEW O R LE AN S G RE AT NO RTH ERN R R .— Owns New Orleans, L a .,
to Jackson, Miss., 182 miles, with branches, Rio, La., to Tylcrtown, Miss.,
41 m.; Slidell, La., to Folsom, La., Ao., 62 m., making a total of 285 miles
operated, incl. 29 m. trackage from New Orleans to Slidell, La., and other
trackage. 13 m. Stock. $7,500,000. 1st M ., $10,000,000 auth. Issue;
Roport for yoar onding Juno 30 1916, in V . 103, p. 1409, showed:
June 30
Gross. Net.aft.TaxOth.Inc. Bondlnt. Rents,Ac. Balance.
1915-16___ $1,768,916 $725,625 $51,039 --------$541,143---- - sur.$235,521
1914-15____ 1,600,000 512,992
7,312 424,863 109.505 dof. 14,064
Pres., Waltor P. Cooke; V.-P. St Gon. M an., Win. E. Farris; V .-P s..
C. I. James and A . C. Goodyear: Soc. A Troas., F. A . Lehr.— (V . 102, p.
154, 341, 2167; V. 103. p. 844, 1109.)
N E W O R L E A N S & N O R T H E A S T E R N R R .—-(.See, map Southern Ry.)—
N ew Orleans, La., to M eridian, Miss., 196 miles; trackago, 8 miles. Stock,
$6,000,000 (par $100). o f which $5,336,300 was held by Ala. N ow Orleans
& Toxas Pacific Jet. R y .. but sold in N o v . 1916 to Southern R y. Co. V .
104, p. 73; V. 103, p. 1792.
D IV .— (% ) f ’03. ’ 04. ’05. ’06. ’07. ’ 08. ’09. ’ 10. ’ l l . T 2 . ’ 13. T4 -’ l5. T6 .
Yearly (Sept.)\ 3
3 3H 5
6
4
5 6M 614 5
5
1 yr y 4
In Fob. 1917 a mortgago was authorized to securo not exceeding $16,000,
000 bonds, o f which, after providing for tho existing funded debt, there
w ill be available over $7,000,000 for improvements, double tracking, &c.
J. P. Morgan & Co. have acquired approximately $7,600,000 ot tho present
$9,033,000 bonds and, it is understood, w ill exchange them for the now
bonds and it is expected most o f tho remaining bonds w ill bo similarly re
tired. V . 104, p. 559.
_
E A R N I N G S — 6 mos., (1916..............Gross, $2,l08,i46; net, $650,514
July 1 to Dec. 31.
\1915_________Gross, 1,878,961; net, 506,086
R E P O R T .— For 1915-16, In V . 103, p. 1978.
Yr.Junc'SO. Gross.
Net.
Oth. In c. In t.. Ac. Dividends.
Balance.
1915-16.-S3,781,662 $1,065,919 $135,655 $518,220 (4)8210,000 $413,354
1914-15-- 3,486,255
666,890 105,469 567,903
(1)60,000 114,456
Pros., Fairfax Harrison.— (V . 103, p. 1978; V. 104, p. 73, 164, 559.)
N E W O R L E A N S L O W E R C O A S T R R .— Alglors to Buras, La., 60 miles
Successor Dec. I 1916 o f Now Orleans Fort Jackson & Grand Isle R y., fore
closed and bid in for a syiullcato. V. 103, p. 407. In Dec. 1916 an ex
tension was projected from Buras to Venice, La., 15 miles. Pres., II. D.
Emerson, N ew Orleans; V.-Ps., Lee Benoist and T . G. Bush; Treas., Ber
nard McCloskoy; Sec., George Janvier. V . 103, p. 1392.
N E W O R L E A N S T E R M IN A L C O .— Owns extensive terminal prop
erty at N ew Orleans and a belt railroad around the city, leased to the
Southern Railway for 99 years from July 1 1903, rental covering all ex
penses o f operation, maintenance, taxes and interest. Southern Railway
and St. Lou isA Sau Francisco each owned halt of the $2,000,000 outstanding
stock ($5,000,000 auth.), and jointly guaranteed tho bonds, but the St. L .
& S. F . on July 1 1913 defaulted in payment o f one half o f tho Int. then
due and the Court held In M a y 1914 had forfeited its one-half sharo, tho
Southern taking over tho samo. Seo V . 102, p. 886; V. 98, p. 304, 1460;
V. 86, p. 721; V. 88, p. 564; V. 92. p. 600; V. 97, p. 1898. The passenger
terminals are used by the New Orleans & Northeastern R R .. New Orleans
Groat Northern R R . and Louisiana Ry. A Navigation Co. Pres., Fairfax
Harrison.— (V . 98, p. 763, 1460; V. 100, p. 813.)
N E W O R L E A N S T E X A S & M E X IC O R Y .— R O A D — O R G A N IZ A
T IO N .— This company and its subsidiaries, all o f whoso outstanding
capitalization, both bonds and stock (excepting only $500 to $900 directors’
shares) it owns, namely tho St. Louis Brownsville A M exico R y., Beau
mont Sour Lake & Western Ry. and Orange A Northwestern R R ., form a
direct lino from Brownsville, T e x ., to Baton Rouge, La., whence ferry across
tho river and tho Illinois Contral R R . afford an operating connection to N ew
Orleans. Valuation protest, V. 104, p.257.
System Operated •
June, 1916 (.Including Aforesaid Subsidiary Lines).
(W ith oper. connection over 1 1 Cent, to N ow Orl., 93 m .)
1.
M iles.
M ain line from Baton Rougo via Houston to Brownsville, Tex., about. 618
O f the foregoing 564 m. is owned and 85 m. is under trackage.
Various branchos, aggrogating about_________________________________ 273
o f which 256 m. is owned and 17 m. under trackage.
------A total o f about (soo fu ll details in V. 103, p. 6 1 )._________________ 921
Entire Stock and Bonds Acquired Since June 1916.
San Benito Sc Rio Grando Valley R y. (V. 105, p. 1593)----- ------------65
N ew Iberia & Northern R R ., Port Barro to Now Iberia, and branches.
72
Iberia St. M a ry & Eastern R R . (leased to N ew Iberia & N orth ern)—
49
Principal trackago is from Do Quincy to Beaumont, 46.54 miles, and
Houston to Aigar, 24.32 miles.
Tho company took possession o f its proporty on M ar. 1 1916. C om
pare V. 101, p. 768.
O R G A N IZ A T IO N .— Formerly part o f St. Louis & San Francisco R R .
but in 1916 separately reorganized, after foreclosure salo, por plan in
V. 101, p. 774, 768. 1714; V. 102, p. 886. Incorporated in Louisiana.
N E W S E C U R IT IE S .— V . 103, p. 493.
First Lien Gold Bonds.— Total auth., $15,000,000. Int. rato, not oxceoding
6% por annum, as determined at time o f Issue. Issuablo in sorios. due
at tho samo or different dates, not lator than Oct. 1 1925, and callable at
a premium. Reserved under restrictions for futuro extensions, Improve
ments, Ac., $9,000,000. Issued $0,000,000, o f which in treasury, $130,
000. The reorganization provided funds for payment o f interest on
$6,000,000 First Lien Gold Bonds, Series A , and equipment trust pay
ments, for period o f 2 years. V. 103, p. 61, 1593, 2156.
F e b ., 1917.]
M iles Date
Road Bonds
R A IL R O A D C O M P A N IE S .
[F or abbreviations, & c., see notes on firs t page]
Now Orleans Term— 1st M $15,000,000 g gU-G.xo^&r*
No w Orleans Texas & Alexico R y.
1st M 315.000,000 gold Sor A call 105--Col yyc*& r*
Non-cum 5% Inc $25,000,000 g Sor A call par _c*G
N O T 4 M on notes sor B gu duo $56,000 s-a____ G
St. L Br & M lle c c q tr duo $80,000 yly call p a r.G .c ’
Newport & Rlchford— 1st M $350,000 g gu 0&P.SB.x<
New York Bay— First mortgage $6,000,000 gold.OPa
N Y Bklyn & Manhattan Beach— Prof stock non-cum.
First cons mtge (now 1st M) gold guar by L I..C c ,o '
N Y C en tral R R — Stock ($400,000,000 auth)____ Ti
(1) Underlying M a in Line Mortgage—
Y O & H 1 R U M $100,000,000 g ____ Ce.
1
do
M tgo on Snuyten D & P M g .C e .
do
100 Sec
100 &c
1,000
1,000
1,000
100
1,000
100
Par
1915
1914 $, £ Sc fr
1,828
$865,656
$94,582
88,050
Rate
%
14.000.000
4g
5,870,000
6 g
15.180,000
5
784,000
640,000
6
5 g
350,000
4 g
4,241,000
650,000
5
5 g
1,726.000
274,590,460 5 in 1915
100,000.000
6
40,000,000
*A g
When
Payable
J
&
J
$386,676
$132,050
$8,050
Balanco, surplus_______________
$183,710
$683,025
$166,577
O F F IC E R S .— Chairman of the board, Frank Andrews; Pres., J. S.
I ’ yeatt; 1st V.-Pros., G. I I . Walker; lrca s., J. n . Lauderdale; Aud.,
J. W . McCullough.
D IR E C T O R S .— J. S. Pyeatt G. I I . W alker, Frank Andrews, Alex.
Berger, Stedman Buttrlck, Carl A . dc Gorsdorff, J. D . O’ Keefe, W illard V.
King, Alonzo Potter, Ilenry Sanderson, Lorenzo Semple, John F . Shoploy,
M . W . Terry, G. I I . Walker, Elisha W alker and Gcorgo E . Warren. N . Y .
offico, 61 Broadway, N . Y . — (V . 104, p. 257.)
N EW PO RT & R I C H F O R D R R . — Owns from Newport, V t., to Canadian
lino near Richford, V t., 22 miles. Leased for 99 years from Juno 8 1881 to
Montreal & Atlantlo R y .. In turn operated by Canadian Pacific R y.; rental
$18,000 a year. Stock, $350,000, mostly owned by Connecticut & Passumpslo Rivers R R . (Boston « Maine system), which guarantees the new
$350,000 1st 5s, principal and Interest. V . 91. p. 1026.— (V . 91. p. 1026.)
N E W P O R T & S H E R M A N ’ S V A L L E Y R R .— N ew port to N ow Ger
mantown, Pa., 31 miles. Stock, authorized, $180,000; outstanding Juno 30
1916, $165,100; par, $50. Bonds. $125,000 1st 20-year 5s duo July 1 1911;
$1,600 2d 25-yoar 4s due Apr. 1 1921 anil $73,400 R ef. M . 30-year 5s due
1938 ($250,000 auth. issue ; Int. J. & J. at Real Estate Trust C o., trusteo;
denominations $100 and S500). I'or year ending Juno 30 1916, gross, $43,
390; net, $14,160; Int., taxes, &c., $14,311; bal., def., $151. Pres, and
Gen. M g r., David Grlng. Offico, N ew port, Pa.
N E W Y O R K B A Y R R .— Owns from Kearney Junction, N , J., to
W averly, and from W averly to the bulkhead lino at Greenville piers, on
N ew Y ork Bay, 10.91 miles, with branches, 2.43 miles; total, 13.37 miles.
Stock, $6,000,000, all owned by Penn. R R . Mortgages payablo Dec. 31
1915, $250.000.— (V . 86. p. 920. 982.
N E W Y O R K B R O O K LYN & M A N H A T T A N BEACH R Y .— Owns from
Fresh Pond Junction to Manhattan Beach (Coney Islan d). and branch to
B ay Ridge 15 miles. Leased for 99 years from M a y l 1882 to the Long
Island R R . Co., which owns m ajority of stock. Renta), interest on bonds
anil 5% on pref. stock. Common stock, $350,000. L. I. U R . has at
tached to the bonds Its unconditional guaranty of principal and Interest In
addition to facts as to lease.— (V. 83, p. 1348)
(T H E ) N E W Y O R K C E N T R A L R A IL R O A D .— (See M aps pp. 96 and
97.)— Owns In foe direct lino from N ew York to Chicago, 948 miles (four
tracks N . Y . to Buffalo, thonco two tracks), and numerous branches, the
total mileage owned In M a r. 1915 aggregating 3,699 miles. Also owns stock
control o f tho West Shore R R . (leased), N . Y . to Buffalo and thonco to
Chicago, via Michigan Central R R . and Canada So. R R . By similar
control o f the Pittsburgh & Lake Erie R R . tho Cleveland Cincinnati Chicago
& St. Louis Ry. and other companies, has close running connection to Pitts
burgh, Columbus, Cincinnati, Indianapolis, St. Louis, &c. T o ta l system
owned, controlled, &c.. Fob. 1916 about 12,842 miles, viz.:
(1) Operated Directly, 6.093 files o f Road,
Lines Owned—
M iles. Boston & Albany* (S y stem )_393
N ew Y ork to Chicago................ 953 Boech Creek R R .* ____ ________ 164
B ra n d ies______________________ 2,747 Beech Creek Extcn. R R ., & c.*_ 135
Proprietary Lines—
Walklll Valley............................
33
Cornwall Bridge C o . ------------ .18
Lines Leased, etc.—
M iles.
D etroit Toledo & M ilw a u k ee..
47 Mahoning Coal R R * ................
71
Battlo Creek 5c Sturgis— - - —
7 Detroit Illllsdalo & 8 W * ........
65
Lines Leased,etc. (*See this co .)—
Fort W ayno Sc Jackson*______
98
88
West Shore*__________ :---------- 479 Lake Erio Alllanco & W heeling.
22
T r o y Sc Greonbush*-------------- . 6 Erie Sc Kalamazoo R R _________
58
N ow Y ork Sc H arlem *----------- 136 Kalamazoo A . & G. R _________
56
N ew Jersey Junction*----------6 St. Lawrence & A diron d ack*..
Last Dividend
and M aturity
&
J July 1 1953
D Oct 1 1925
Oct 1 1935
M & S15 M a r ’ 17-Sept’23
J & D M a rT 7 -S o p t’23
J
& J Jan 1 1941
J & J Jan 1 1948
A & O Oct 1916 2 f i %
A & O Oct 1 1935
Quar
Fob 1 ’ 17. 1X
M & N M a y 1 1935
A & O Oct 1 2013
1,000 &c 94,000,000
3 H g J Sc
1,000 &c
2,500,000
3 A g J Sc
i,000 &c 50,000,000
3)4 g J Sc
M Sc
1,000 &c 50.000,000
4 g
M Sc
1,000 &c 50.000.000
4 g
Y to Buf falo, &c., a nd (b ) B uffaio
1,000 &c 19.336,000
3 A g F Sc
1,000 &c 25,340,000
3 A g F Sc
F Sc
1,000 &c 65,227,000
4g
1,000 See 48,000,000
M Sc
4g
J Sc
1,000 &c a9.188.000
4g
Issues—
&
1 bond
5,500,000
3M> g J
c
1,000
9,176,000 5 & 3 A A S
A &
4
1,000
419,000
5 % Non-Cumulativc Tricorne Ronds.— Lim ited to $25,COO,000 secured by a
trust indenture. T o boar non-cumulativo Interest payablo semi-annually
at rato o f 5% per annum, but payablo only whon and as authorized by
tho board of directors, according to provisions o f the indenture. Lntltled
to share in tno security o f any now mortgage issue on a parity with any
such indebtedness created in excess o f $15,000,000 1st M ., reserved for
future use, $10,000 000. N o w Issued, Series \ , due O ct.1935. but callable
at par and Intorest, $15,158,000, including $483,000 Issued late in 1916,
along with cash for purchase o f ontlro stock and bonds o f Now Iberia &
Northern R R . and Iberia St. M a ry & Eastern R R .
Capital Slock.— $25,000,000; Issued, $15,000,000.
„ ,,
, ,
Tho entiro Issue o f now stock lias been deposited until March 1 1J21
with Willard V . King, N . A . M cM illa n and Clias. It. Sabinas voting trustees,
with power in m ajority on approval by the holdors o f not less than twothirds o f tho outstanding voting trust certificates, to sell, oxchango or other
wise dispose o f said stock on bloc for the pro rata bonofit o f tho holders or
tho voting trust corti. upon such terms as tho trustees may determine.
G E N E R A L F IN A N C E S .— In 1916-17 received in final settlement of
certain claims against tho St. Louis & San Francisco R R . some $460,000
cash, $460,000 6% Income M tgo. bonds. Series “ A , ” and $586,000 6%
prof, stock v. t. c. o f the now St. Louis-San Francisco Railw ay anil $953,
735 First M tgo. 6% bonds and $70,000 capital stock o f San Benito &
R io Grande Valley R y., which owns about 65 miles o f railway In tho Rio
Grande Valley. As o f Juno 30 1910 tho company and its subsidiaries had
as against current liabilities o f $922,072, cash and other current assets
o f $2,697,101.
E A R N IN G S .-—Report for year 1915-10, V. 103, p. 1787, 1593.
Earnings for 12 M os. ended June 30 1916 and 3 M os. ended Sept. 30 1916.
12 M os. to — 3 M os. to Sept. 30—
June 30 1916.
1916.
1915.
S I,993,071 $1,299,777
Gross earnings.................................... Operating income___________________
$987,8531
$865,656
8330,676
Othor incomo________________________ _____ 01,376)
Tota l incomo.................................. SI ,049,229
•*513,319
In t. on equip, notes and rentals----Interest on first mortgage bonds----3o2,200
Amount
Outstanding
Par
Value
1903 1,000 &o
1916
1916
1911
1914
22 1911
13 1908
15
15 1885
...
1897
1909
826 1897
1903
do
Debentures (sec by 2d M ) g, ass.Ce.
1906
do
do
do
gold assumed;;____ Ce.
(2) N Y C A I I Riv bonds secured bg Consol'n M tge etc on line N
1898
Collateral 3M s (M ich Cent stock as collateral).G .x
1898
b Lako Shore Collateral 3j4|s assum ed— G.xc*&r
1913
b Consolidation M ($167.102,500) ----- -B a.xc*& r
1904
Debentures! Junior Hons under C on -f----- Us.xc*&r
1912
do
I solklatlon M o f 19131------- G.sc*&r
(3) Other New York Central A Hudson River RR Assurn ed, A c,
1900
Debentures (V 69. p 1102: V 71. p 502. 964) .
x
1874
Borne W at & Ogdens 1st M ($500,000 d l*s ) ---F .z c A ll
A ll
1874
Consol mortgage------------------------------------- **-zx
91
RAILWAY STOCKS AND BONDS
Operated under Contract—
D olgeville & Salisbury______
Ottawa & N ow Y o rk _______
J
D
D
S
N
to
A
A
A
N
J
July 1 1997
Juno 1 1959
June 1 1997
Sept 1 1928
M a y 1 1931
Chicago, &c
Feb 1 1998
Feb 1 1998
Feb 1 1998
M a y 1 1934
Jan 1 1942
J July 1 2000
C July 1 1922
)
O July 1 1922
Places Where Interest and
Dividends are Payable
Guaranty Trust Co, N Y
N ew Y ork
N ew Y o rk
do (V 99, p 749)
Safe Dep & T r Co.Boston
Treasurer, Philadelphia
Checks mailed
Treasurer Penn R R , N Y
Grand Central Term ,N Y
Grand Central Ter, N Y
N Y . London & Paris
Grand Central Ter, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
|Trackage rights, & c,------------- 468
4
59 I Total in earnings Feb. 1916-6,093
Controlled— Operated Separately— 7,081 M iles o f Road.
Michigan C entral*_____________1,800 Toledo & Ohio Central_________ 446
Kanawha & M ichigan---------- 177
Lake Erio & Western*_________ 904
90
C lov. Cin. Chic. Sc St. L . Syst.*2,381 Zanesville Sc Western------------Cincinnati N orthern*__________ 246 Toronto Hamilton & B uffalo_________92
Pitts. & Lake Erie System *____ 224
Tota l oper. separately_____ 6,558
Chicago Kalamazoo Sc Saginaw
45
43
D etroit & Charlevoix__________
Indiana Ilarb . Belt (V.93,p,164) 110 Grand total Oct. 1916,less 293
miles duplicated abou t____ 12,319
O R G A N IZ A T IO N .— Th e N ew Y ork Central R R . Co. was formed by
consolidation, effective Dec. 23 1914, under laws o f N . Y . , Penna., Ohio,
Ind., M ich, and 111., o f tho N . Y . Central & Hudson R iver R R . (as enlarged
in 1913 by the absorption o f Rome Watertown & Ogdensburg and other
N ew Y ork branch lines; see bond table above) and its leading Western sub
sidiary, tho Lake Shore & M ich. 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 tho N ew York Central R R . acquired, by deeds o f conveyance, the
Jamestown Franklin Sc Clearfield R R ., Cleveland Short Line R y ., Sturgis
Goshen Sc St. Louis R y . and Elkhart & Western R R . Th e company In
July 1916 sold Its controlling Interest In tho stock o f tho N . Y . Chicago &
St. Louis R It. (tho “ N ickle Plato” ) operatod chiefly as a duplicate freight
line) to Cleveland interests for $8,500,000. o f which $2,000,000 was paid
in cash and the remainder in notes. Entiro stock o f Clearfield Bituminous
Coal Co. is owned. V . 103, p. 1794.
Securities Held— Controlled Properties.— The consolidation o f Dec. 23 1914
brought into the treasury securities o f a book value o f about $218,000,000,
75% o f which investments represented affiliated or controlled steam roads,
in a number o f cases the entiro stock issues which are not currently quoted.
Th e book value o f stocks which were currently quoted was in Feb. 1915 about
$100,000,000 compared w ith a market valuo o f over $125,000,000. Income
during tho calendar year 1915 from the stocks then owned represented a
return o f about 4.64% on total invest., including issues paying no div.
Partial List o f Stock Holdings and Dividends Received Thereon fo r 1915.
Total Outstanding---- Dies. 1915
---- Amounts Owned---Pref. Stks.
Com. Slk. t o N .Y .C .
Pref. Stks.
Com. Stk.
None $18,738,000
$840,965
M ich. Central
............ $16,819,300
N one 29,988,000 1,499,425
Pitts. Sc L . E .
______
14,994,250
661,367
1,500,000
452,925
M a h .C o a lR R . 399,500
865,900
..........
O .O .O .& S t.L .
______
30,207,700 10.000.000 47,027,200
...........
Lake E. Sc W . 5,930,000
5,940,000 11,840,000 11,840,000
3,708,000
6.500,000
T ol. & Ohio C.3,701,400
5,846,300
1,601,400
000 170,000,000
Reading f 1st pf6,065,0001 9,852,500 28.000.
42.000.
000 l
C o .. . I2dpfl4,265.000J
544,202
3,862,500 19,952,400
N .Y .S tateR ys.
600 13,604,300
306.858
None
7,500.000
M oh. Val. C o ................
5.114.300
Also stock o f West Shore, N . Y . Sc nariem , See. See “ Stocks Pledged”
Tho Now Y ork State Railways Co. (see "E lectric Railw ay Section” ) 1 s
the company’s trolley a lly . Compare Y . 100, p. 399, 475.
S T O C K .— Dividends on stock regist. in London are pay. at 49 K d . to $.
The authorized amount o f tho capital stock is $400,000,000, o f whlc
in Dec. 1916 $249,590,460 was outstanding, $100,000,000 is roservod fo
tiio conversion o f convertible debentures o f 1915 and $50,409,510 was issu
able on vote o f directors. O f this last amount. $25,000,000 was then offorod to stockholders at par, making $274,590,500 out. Soo “ Finances. ’
In July 1916 tho Oregon Short Line (Union Pacific system) owned $20,
000,000 N . Y . Central stock. V. 84, p. 52, 571; V . 89. p. 411.
D1VS. \ ’96-’99. ’00-’06. ’07. ’08. ’09. TO. ’ l l . ’ 12-T5. 1916.
1917.
P e r c ’n tf 4 yrly. 5 yrly. 6 5H 5 5J£ 5>£ 5 yrly.
5
1M , —
C o n s o lid a tio n M ort. $167,102,400 Secures W ith o u t In cre a s in g 'D eb t
(1) Equally by Lien Prior to that Securing the Debentures and the 4% bonds—•
(а) N . Y . Cent. 3 'A % I-ake Shoro coll, bonds o f 1898-1998----- $90,578,400
[Holders or about $70,000,000 o f these have right o f ex
change— see below.]
____ ____
(б) N . Y . Cent. 3 A % M ich. Cent. coll, bonds o f 1898-1998----- 19,336,000
(2) Equally by Lien Subsequent to Lien o f Aforesaid—
(c) N . Y . Cent, debentures o f 1904, due 1934__________________ $48,000,000
(d) N . Y . Cent, debentures o f 1912, due 1942........ - ..................
9.188,000
(e) 4% Consolidation M tg e. bonds dated. Aug. 1 1913 and due
Fob. 1 1998. issuable In series A . B , C and D only to refund
above collateral bonds and debentures, respectively, see below.
Tho Consolidation M ortgage (securing tho collateral issues and other
bonds in tho ordcri ndicated above) covers by a lien ranking ahead o f tho Re
fund. & Im pt. M tg . (see below), the lines owned in 1913 (incl. those then
brought in by consolidation or merger), 75% (3.750 shares) o f the stock o f
Hudson R iver Bridge C o. at Albany and the leases o f T ro y & Greenbush,
N ew Y ork Sc Harlem, W est Shore and Beech Creek railroads. On the main
lino between N ew Y ork and Buffalo there is no Hen ahead o f It except the
$100,000,000 1st M . o f 1897; and on the raJroads consolidated or merged in
1913, such as tho Rome Watertown & Ogdensburg, M ohawk Sc M alone,
&c., there are no prior Hens except the old underlying mortgages thoreof
and tho N . Y . Central’s $100,000,000 1st M . V . 102, p. 800. 1541.
R e fu n d in g & Im pt. M tge. fo r N ew C a p ita l and D eb t U n ific a tio n .
Tho purpose o f the Refunding and Im pt. M tgo. was to provide for future
financing o f tho N . Y . Cent. & Hud. River and the consolidated company,
and for tho unification o f the debt. T h e bonds are issuable In series, all
due Oct. 1 2013, but bearing date o f April 1 or Oct. 1 noxt preceding the
date on which the scries is authorized, and carrying interest at such rates,
subject to call at such dates, and prices, and with such provisions as to con
version, & c., as shall bo fixed for successive series. V. 96, p. 1424.
92
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
IF or abbreviations, & c., see notes on first page]
Miles
Road
Date
Bonds
Par
Value
Amount
Outstanding
N ew Y o r k C en tra l R R (Concluded) —
R W & Ogd Term R R first M gold assumed------ zc*
Utica & B l’k R lv 1st M gold guar p & i.C e .zc
N ew York A Northern first mortgage g old -------zc
N Y & Putnam cons g gu p & i . . .............. Un.xc*&r
M oh A M ai 1st M $15,000' p m g gup & i(end )C ol xc*
Consolidated mtgo g o ld -------------------- G.xc^&r
Carthage A Adirondack 1st M g guar____ Un.xc*&r
Carth Water & Sack Har 1st M g gu p & i (e n d )-.x
Gauverneur & Oswegatchie 1st M g gu p & l.U n .x c
$1,000
7 1888
$375,000
150 1890
1,000
1.950,000
57 1887
1,000
1,200,000
57 1894
1,000
3,987,000
182 1892
1,000
2,500,000
182 1902 1,000 &c
3,900,000
1,000
46 1892
1,100.000
29 1891
1,000
300,000
13 1892
1,000
300,000
1902
250,000
(4) Bonds o f Other Companies Included in Merger of Jan and M ar 1915
203 1901
1,000
Indiana Illinois & Iow a 1st M gold_________ IC .xc*
4,850,000
337 1906 1.000 &c 15,150,000
Chic Ind & South consol M gold________G.xc*&r
1,000
Kalamazoo A White Pigeon 1st M assum___Un.xc
37 1890
400,000
1.000
76 1885
Pine Creek 1st M gu prin and int endorsed_______ r
3,500,000
Sturgis Goshen & St Louis 1st M gold p & 1 g u a r..z
1,000
29 1889
322,000
Jamestown Franklin A Clearfield—
1909 1,000 &c 11,000,000
1st M 525,000,000 auth guar__________ U.xc*&r*
Cleveland Short Lino R y 1st M gold guar__G.xc*&r
1911 1.000 &c 11.800,000
Lake Erie & Pittsburgh— see that company—■
Shor e Cos—
(5) Note, A c .. Issues o f N Y Cent A H Riv RR an d Lake
N Y Cent eq tr (B & A ) $500,000 due yrly.G .zc*& r
1912 $l,000&c
5,500,000
N Y C R R equip tr duo $1,333,000 yrly (V104,p.362
1917
8,205,000
Kalamazoo Allegan & Gr Rapids— Soe this company
Erio A Kalam azoo— Soe this company.
-
New York Central Lines—
Joint eq tr g $2,000,000 an (V 86, p 920) ..O .z o *& r
do
do $2,000,000 an (V 90. p 9 1 4 )..(i.z c * & r
do
do
due $1,600,000 yearly----------G.zc*&r
___
1907
1910
1912
1913
1,000
1,000
1,000
1.000
&o
&o
&c
See
T h e amount or bonds which may be Issued under the R ef. and Im p. M .
lsnot limited to a stated amount, but is determined bv standards set up
in the mortgage Itself, and those standards are believed to bo such that a
bondholder will be Indifferent as to tho amount o f bonds which m ay be
outstanding under tho mortgage, so long as the standards are complied
w ith. Tho amount o f R ef. A Im pt. M . bonds outstanding cannot exceed
three times the amount o f the capital stock as from ti ne to time Increased.
A fter $500,000,000 o f the bonds shall have been Issued, not more than
80% o f the cost o f Improvements, additions or new property can be paid
for from the proceeds o f bonds. N o t more than one-third o f the amount
o f bonds can be used In the acquisition o f bonds or stocks or otner com
panies. A fter $500,000,000 o f bonds shall have been issued, no additional
bonds can be Issued without the vote o f stockholders. Each Issue o f bonds
must receive approval o f R R commissions and P . 3. Commissions. V . 98,
p. 387. (H I, 690. 1245. 1393: V. 99. p. 1052. 1131, 1367: V. 100, o. 1079.
T h e Ref. & Im pt. M . Is (1) a lien next to the lien o f the Consolidation
M tg o. (see above) on the jiroportles, &c., covered by the Consolidation
M ortgage. (2) A first lien on the leases o f the Beech Creek Extension,
Novy Jersey Junction and W allkill Valloy railroads, subject to the out
standing bonds o f each. (3) A first collateral lien on $500,000 2d M tge.
bonds o f Beech Creek R R . and $3,964,000 Consol. M tg e. 4s o f the Beech
Creek Extension R R . companies. (4) A first collateral lien on—
Pledge o f Stock owned in — Pref. Stock. Com. Stk. Pref. Iss'd. Com.Iss’d.
N . Y . A Harlem R R .(p a r $50)$1,111,300 $5,069,400 $1,343,950 $8,656,050
West Shore R R ......................................... 10,000,000
10,000,000
Beech Creek Extension R R .................... 5,176,000
5,179,000
N ew Jersey Junction R R ____ _________
95,000
100.000
Tho Refunding & Im pt. M tg e. Is also a lien upon the properties described
in the supplemental indenture (dated June 15 1915), assuming, as authorized
b y tho shareholders, the obligations o f the Ref. A Im pt. M tge. and extend
ing tho lien thereof over tli6 former Lake Shore & M ich. So. R y ., Chicago
Ind. A So. R R ., Geneva Corning & So. R R ., Dunkirk Alleg. Val. A Pitts.
R lt . and all o f tho other properties Included in the consolidation o f 1914,
and also over tho former Cleveland Short Line R y ., Jamestown Franklin A
Clearfield R R ., Sturgis Goshen A St. Louis R y . and Elkhart A Western
RR '., acquired by conveyances in 1915 (see "Organization” above). The
lien created by this supplemental mortgage is subject, as to parts o f the
mortgaged properties, to the respective prior liens o f tho several underlying
mortgages thereon shown in tabfo above.
Bonds Issued or Issuable fo r Retirement of which Refunding and Im pt. Mortgage
Bonds are Reserved.
1st M . o f 1897, due 1997..........- ............. ..................- .............$100,000,000
Consolidation M tge. (see above) dated 1913, due 1998______ 167,102,400
17 divisional issues o f N . Y . Cent. & Hud. R iver R R ------------- 29,509,000
Old bonds o f Lake Shore and other cos. absorbed In 1914-15— 197,002,000
C o n v e rtib le 6% 20- Y e a r Bond Issue o f $100,000,000 Dated May 1 1915.
Theso bonds are convertible into stock at tho rate o f $100 o f stock for
$105 o f bonds, between M a y 1 1917 and M a y 1 1925. Thoy may bo called
for redemption on any interest date at 110 and int. upon 90 days’ notice,
but, if so called, thoy may be converted into stock up to 30 days prior to
date' o f redemption. Denom c* $1,000; r* $100, $500, $1,000, $5,000 and
$10,000. See "Genoral Finances” below and V. 100, p. 556, 643, 593-4.
813, 902, 1349, 1438. 1833: V. 102, p. 1443.
O L D B O N D S OF N . Y . C E N T R A L A H U D S O N R IV E R R R .— First
mortgage is for $100,000,000. covering tho original road ownod, and, by
supplemental deed, 930 miles o f lines (Rom e Watertown & Ogdensburg, See.) merged iu 1913.
V. 77. p.452; V. 86, p. 1043, 1101; V. 88.
p. 506; V . 94, p. 208: V . 96. p. 1424.
Collateral trust 3J^s o f 1898 were secured by deposit o f stock o f the Lake
Shore A M ich. Sou. and M ich. Central R R s., respectively, at the rate o f
$100 o f L . 8. & M . S. stock for each $200 o f bonds and $100 of M ich. Cent,
stock for each $115 o f bonds. Th e former (Lake Shoro collateral 3 H s) Id
so far as not exchanged for Consolidation M ortgage 4s, Series A , are a d i
rect (third) mortgage on the former Lake Shoro & M ich. So. R y ., Detroit
M onroe A Toledo R R ., Northern Central M ich. R R ., Kalamazoo A White
Pigeon R R . and Swan Creek R y . o f Toledo. See tho “ Consolidation M o rt
gage” above. V. 96, p. 1424 • V. 68, p. 336, 811.
Th e holders o f over 75% o f the Lake Shore collat. bonds, who consented
to the consolidation o f Dec 1914. had the right to exchange their 3 H %
bonds, $ for $, for Series A Consolidation M . 4s, and a large amount o f the
bonds have been exchanged. In Fob. 1916 this exchange was put in effect.
See V. 102, p. 522; V. 100, p. 556, 2085; V. 101, p. 288.
Tho N ow Y ork Central R R . Co has duly made an Indenture dated Jan.
15, to secure tho payment o f (a) the $3 Hi % gold bonds Lake Shore C ol
lateral, and (b) by secondary lion thereunder so many o f tho 4% Consolida
tion M ortgago Gold Bonds, Series A , as may be issued to pay and retire
an equal amount o f 3 Vi % gold bonds. Lake Shoro collateral (the two Issues
aggregating $90,578,400),by a lion upon the railroads ,&c., formerly owned by
tho Lake Shore, and also on tho property o f its four former subsidiaries,
viz.: D et. Monroe A T o l. R R . C o., N or. Central M ich. R R . C o., K ai. &
W hite Pigeon R R . Co. and Swan Creek R y . o f T o l., such lion following tho
lien thereon of Lake Shore & M ich. So. 1st M . 3>£s o f 1897 and the $100.
000,000 Lake Shore debenture (now mortgago) bonds o f 1903 and 1906.
See old Lake Shore bonds below.
L A K E SH O R E A M IC H . S O U T H E R N B O N D S .— Tho N . Y . Contra
R R . by supplemental indenture (dated Jan. 1 1915) has assumed tho obliga
tions o f the $50,000,000 ;iM % 1st M . o f 1897 (see abstract. V. 64. p. 1182.)
and extended tho lien o f that mortgage over tho railroads, &c., formerly
ownod by Dot. M onroe & Toledo R R . C o., Northern Central M ich. R R .
C o., Kal. & Whito Pigeon R R . Co. and Swan Creek R y. Co. o f Toledo, and
it has also executed a supplemental indenture dated Jan. 2 1915, assuming
the obligations o f the mortgage dated July 1 1914, securing tho 25-year
4% gold bonds o f 1903 and 1906, aggregating $100,000,000 (tw o issues,
$50,000,000 each), and oxtending tho lien thereof to the additional properties
namod above in this paragraph.
G U A R A N T IE S .— Tho old N . Y . Central company guaranteed Western
Transit Co. 3>*s for $1,000,000 due Feb. 1923: $2,500,000 Clearfield Bitiimtnous Coal Corp. 4>^s West Shore R R . 4s, &c. V . 93. p. 45. 164.
12,000,000
16,000,000
10,000,000
17,600,000
Rate
%
[V o l . 104
When
Payable
M
5g
4g
J
5g
A
A
4g
4g
M
3>S g M
J
4g
J
5g
J
5g
3
J
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
A
A
A
&
A
9s
<
&
A
<c
S
A
N May 1 1918
J July 1 1922
() Oct 1 1927
<) Oct 1 1993
S Sept 1 1991
S M ar 1 2002
I) Dec 1 1981
J July 1 1931
1) June l 1942
J July 1 1932
Grand Central T erm .N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Am Exch N a t Bk. N Y
J
J
J July 1 1950
J Jan 1 1956
J Jan 1 1940
J
A
A
&
A
A
D Dec 1 1932
D Dec 1 1989
Lincoln N a t Bank. N Y
Treas Grand Cent Term
do
do
do
do
4g
J
4H g A
A
A
D June 1 1959
O Apr 11961
Grand Cent Term , N Y
do
do and Lond
4H g A
4H g J
A
A
O T o Apr 1927
J Jan 1 1932
N ew Y ork
Guaranty T r Co, N
4g
4g
5
6
3g
J
J
M A
5g
4H g J A
4K e J &
4^ g J A
Y
N N ov 1916-1922 Guaranty Trust Co, N Y
J Jan 1 1918-25
do
do
J Jan 1918-1927
N ew Y ork and London
J Jan 1918-28
Additional Lake Shore guaranties not shown above, see D etroit Hillsdale
& S. W . and F t. W ayne & Jackson.
E Q U IP M E N T B O N D S .— See " N . Y . Central Lines” below.
B. A A . equipment trust, see V. 95, p. 1040, 1332, 1403; V . 98, p. 1072.
F IN A N C E S .— As to Refunding & Improvement M tgo. to bo created by
Michigan Central R R . in 1916, seo that company.
Stockholders o f record Jan. 2 1917 had tho right to subscribe for 10%
($25,000,000) now stock at par, subscriptions being payablo Fob. 16 1917.
V. 103, p. 2341, 452; V . 104, p. 664.
On Dec. 1 19l6 tho company had no unfunded dobt oxcopb on current
account, while its unappropriated surplus, which on Jan. 1 1915 was $29,
405.935 and Dec. 31 1915 $37,406,474. was on Oct. 31 1916 $66,945,397.
Expenditures o f moro than $25,000,000 having been made on capital ac
count, tho procoeds o f tho aforesaid now stock were to be applied for that
purposo, releasing monoys for uso in tho prosecution o f work now under way
or In prospect, or for other purposos.
Tho company’s proposod now passenger and freight terminal in B uffalo
w ill cost about $6,000,000. V. 103, p. 2341.
.
A s to purchase o f bonds o f Continental Coal Co. and Kanawha & Hocking
C . A O. C o., soe Toledo A Ohio Central R R .
E A R N IN G S .— Income account for
11 M os. to
1916.
1915.
Nov. 30.
$
$
Gross earns.185,425,100 152,182,219
N et,a ft.tax. 58,383,962 45,082,118
♦Other inc. 22,129,909 16,203,363
Gross inc. 80,513,871
61,285,481
11 mos. ended N o v. 30. V .101,p.664.
11 M os. to
1916.
1915.
Nov. 30—
$
$
Deductions 38,170,459 36,902,088
Divs. at 5%
p .a .(llm o s .) 11,427,726 11,427,726
Surplus.-.30,915,6S6
12,955,067
♦Includes tho final results o f tho Boston & Albany R R ., $2,196,303 for
tho period in 1916, against $634,025 for samo period In 1915.
Total all lines 8 mos. to A ug. 31:
1916........ $235,219,716 $74,057,694 $19,664,247 $45,248,560 $49,373,381
1915........ 182,372,593 46,442,697 14,433,048 43,137,244 17,738,501
R E P O R T S .— For year ending Dec. 31 1915, V . 102, p. 1430, 1443.
-Boston A Albany RR.—
- N . Y. Central RR.1915.
1914.
1915.
1914.
$
s
$
167,912,333 152,351,590 17,695,865 10,491,441
109,394,345 113,348,423 11.967,300 12,311,150
58,517,989
8,337,531
5,728,565
762,510
4,180,297
749,273
50,180,458
16,628,871
30.929,068
14,735,865
4,966,055
257,087
3,431,018
253,264
66,809,329
, 39,097,855
Operating income___
39,003.167
8,074,099
45,664.933
36,306,685
5.223,142
4,441,801
3,68-1,282
4,618,985
N ot income............ siir.27,7U,474sur.9,35S,218 sur.781,341 dof.934,703
Pres., A . H. Smith; Chairman, Chauncey M . Dopow; Vico-Prosldonts,
John Carstenson, Chas. F . Daly, Ira A . Place, Wm. Iv. Vanderbilt Jr.,
A . T . Hardin, A . H . Harris, John J. Bom et and H . M . Biscoo: Troas.,
E. L . liossitor; Sec., D wight W . Pardeo. Directors (Jan. 26 1916), W m .
Iv. Vanderbilt, F . W . Vanderbilt, C . M . Depow, Harold S. Vanderbilt,
William Rockefeller, W illiam H . Newman, M arvin llu gh ltt, A . H . Smith,
Geo. F . Baker, Horace E. Andrews, W . K . Vanderbilt Jr., Ogdon M ills,
Robert S. L o v ett, Leonard J. Ilacknoy and Frank J. Jeromo.— (V . 103. p.
146, 321, 407, 493, 1508, 1793. 1981, 2156, 2341; V. 104, p. 257, 452, 064.)
N E W Y O R K C E N T R A L L IN E S .— Th e N . Y . Central Lines equip*
trustu cover ongines, passonger cars and freight cars used by various llnep
’
o f the system, which jointly and severally agreo to pay prin. and Int., th °
larger part boing for N . Y . Central. V. 99, p- 1598; V. 102, p. 345; V . 103.
p. 1792, 1981; V . 104, p. 362.
N E W Y O R K C H IC A G O & S T . L O U IS R R .— Owns from Buffalo.
N . Y ., to Illinois Stato lino, except 8 miles leased betweon Dunkirk and
Silver Creek, leaving 495 mllos; leases tho proprietary lino, Chicago &
State Lino R R ., Illinois Stato lino to 71st St., Chicago, 10 miles; also loasos
Dunkirk to Silver Creek, 8 mllos; total, 513 miles; trackago in Buffalo,
N . Y ., 2 miles, and 71st St., Chicago, 111. (Lake Shoro R R .), 8 miles.
S T O C K .— In July 1916 Cleveland Interests bought tho control o f tho
property from the Now York Central R R . C o., .viz.: $6,240,000 common,
$6,275,000 2d pref. and $2,503,000 1st prof, stock. In payment was glvon
$2,OOO,0OO cash and $6,500,000 notes (secured by the stock and boaring 4%
Interest for flvo years and 5% thereafter— ono note duo $650,000 In 1921
and tho others for llko amount at intervals o f ono year thereafter. V. 103,
p. 146. Tho N ickel Plato Securities Corporation was incorporated In Dolawaro on Dec. 4 1916 with $15,000,000 auth. capital stock ($2,500,000 prof.)
to hold tho control o f tho N . Y . Chicago A St. Louis (known as tho N ickel
Plato road). Principally a freight road. V. 103, p- 2238.
A fter 5% on $14,000,000 common stock, all classos o f stock share alike
’08. ’09. TO-’ 12. T3 . T4. T5. 1916.
1917.
D IV S . (since 1907)5
5 5 y ’ly
5 2'A o M a r., 5 text
First proforrod______
5
5 5 y ’ly
5 2H 8
0
2>£
Second preferred______
Common
......... .......... ...................
0
0 3 y ’ly
4
0
0
0
-
In Doc. 1916 declared 5% on 1st pref., payable 2 H % Jan. 2 and 2 H %
July 2 1917. On 2d pref. paid 2 H % Jan. 2 1917. V. 103, p. 2238.
B O N D S .— First mtgo. abstract, V. 45, p. 541. Tho dobonturo 4s will
bo securod by any now mtgo. V. 82, p. 693; V. 86, p. 1344; V. 88, p. 1062.
In Dec. 1916 application was mado to tho Now York P. S. Commission
for authority to issuo $300,000 equip, trust certificates. V. 103, p. 2079.
In Aug. 1916 issued Sl,l00,000i equipment trusts in connection with
purchaso o f 1,000 steol undorframo cars. V. 102, p. 1032.
RAILWAY STOCKS AND BONDS
F e b ., 1917.]
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page
Miles Date
Road Bonds
N ew Y o r k C h ica go & St L ou is— Common stock—
Second preferred stock (5% non-cumulative)______
_ _
First preferred (5% non-cumulative)______________
First mortgage gold (closed)___________Ce.xc*&r
505 1887
Debenture bonds $10,000,000 gold........_G .xc*& r*
1906
Eqps o f '16 $1,100,000 duo$l 10,000 each Aug lG .c *
1916
Equipment trusts $300,000 (V 103, p 2079)_________
1916
N Y C onn R R — 1st M g red 105 begAug’ 18-G .yc*& r*
1913
N Y & G reen w L a k e — Prior lien M gu p & i.N .g x c *
54 1896
N ew York & Harlem— Common 14%, 10% guaranteed
146
Preferred stock 14%, 10% guaranteed____________
146
Refunding mtgc (now first) $12,000,000 g .G .x c ’ Ar
13t 1900
214
N Y Lackawanna & Western— Stock guar|5%_. (end)
214 1880
First mtge guar by Del Lack A Western........ F.xo*
214 1883
Construction mtge guar by D L & W (en d)___F.xc*
214 1890
Third M Term Im p ($5,000,000) guar p A 1(end) ,F.x
N ew York Lake Erie & VVestern— See Erie R R
38 1891
N Y & Long Br— Gen M (now 1st) $2,500,000 g-.C e.o*
N ew York New Haven & Hartford— Stook (see te x t).
■97-’01
Debentures ($5,000,000 are 4s) non con vert--zoAr
1904
Debentures (for F II & W ) (V 78, p 2335)............x
___ 1905
Debentures (for N Y O & W ) (V 80. P 2458) -zo» Ar
1900
Debentures convertible (see te x t )____________ xo*A r
1906
Debentures not convertible....................... - .......... z
- - - 1907
Debentures 145,000,000 francs ($29,000,000) - - - - - X
___ ____
do
dollar bonds (V 103, p 759: V 104.p257)x
1908
Debentures $39,029,000 gold conv (text)
—zc*&r
1916
Dobs for station duo $100,000 yly (V 103, p 1119)
___ 1916
Notes soc by coll $25,000,000 rod 100)4 bog.N ov 16
62 1892
N Y P r & Bost genM (now 1st) g ass, $4,000,000 zcAr
87 1887
rtousatonio con M ($3,000,000) g (assumed)-F zc*
363 1895
N Eng cons (now 1st) M $7,500,000 5s g g u B a . z c *
N Y A N E Boston Term 1st M $1,500,000-AB.zcAr
1889
14 1888
N ew Haven A Derby consolidated m ortga ge-..zc*
Providence A Springfield 1st M gold assumed...z c *
28] 1892
Danbury A Norwalk cons M ($100,000 are 6s) ..zc *
36 1880
Gen mtge Danbury, Conn, to Wilson P t, A c.zc*
36 1885
First ref mtge V 82, p 210) gold assumed.xo* Ar
36] 1905
12 1904
Harlem It & Port 1st M gold $15.000,000-Us.xc* Ar
a Reg interest Am er Exch N a t Bank; coup int T r cas off Penn.
$100
100
100
1,000
1,000
1,000
1,000
1,000 &c
100 Ac
50
50
1,000 Ac
100
1,000
1,000
1,000
$1,608,229
$1,150,730
740,663
$2,440,188
$1,154,868
457,746
(5)250,000
550,000
Balance, sur. or dof.sur.$l 130,988 sur$560,575 def$283,186 sur$27,574
Chairman, O. P . Van Sweringen; Pres., John J. Bernot; Vice-Presidents,
W , S. Hayden, J. R . N u tt and M . J. Van Sweringen; Sec., W . D . Turner;
Troas., Otto M iller.
Directors: O. I>. Van Sweringen, M . J. Van Swerlnen.W . I I . Hayden, J. R . N u tt, F .E . M yers, C. L. Bradloy, M . B . Johnson
. W . Davison, E. It. Tinker, G. M . P. Murphy, J. J. Bernot and E. W .
M oore.— (V . 103, p. 146, 321, 1032, 2079, 2106, 2238.)
S
NEW Y O R K CONNECTING R R .— T o own a new route for the Inter
change of passenger and freight between the Pennsylvania and N ew York
New Haven A Hartford R R ., which own the entire $3,000,000 stook.
Expected to be completed early in 1917.
V. 101, p. 1189.
Road
w ill be about nine 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 at Randall’s Island, to Port Morris, N . Y . (V .9 7, p. 1504.)
O f the 1st M . gold 4)4s ($30,000,000 auth. issue), $24,000,000 have been
sold, guaranteed, prin. and int., jointly and severally, by tho Pennsylvania
R R . and N . Y . N . II. & Hartford R R . V. 102, p. 1718, 1989.— (V . 102,
p. 1436, 1718, 1987; V. 103, p. 407, 2238.)
v
u ’
N EW Y O R K & GREENWOOD L A K E R Y .— (See M a p of E rie R R .)—
Owns from Croxton Jet., N . J., to Sterling fo rest, 42 m., and branches to
Ringwood, A o „ 8 m.; Watchung R y .. Forest H ill to Orange, N . J „ 4 m ;
total owned, 54 in. .Stock, $100,000; par, $50. Leased to Erie R R . for
999 years from May 1 1890. Prior lien bonds arc guaranteed, prln. and in t „
by Erie
See V. 63. p. 513; form of guaranty, V. 65. p. 463.
SIO.OOO.'OOO stock at 350% (or $175pw 'share).
2MLf f i s ! v ( 9 L
v * 98* p - 11675v - " • p - 1749- Docislon
Tho steam road (since partly electrified) was leased A pril 1 1873 for 401
years to tho 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 as
sumed b y N . Y . Central R R . on consolidation Dec. 23 1914.
Tho street railway was leased July 1 1896 for 999 years to tho Metro
politan St. R y . (now N . Y . Railways Co.) at $350,000 for tho first 5 years
and $400,000 annual rental thereafter; this is distributed as a dlv on lin
stock,payable 2% In April and 2% in Oct. V .9 4.P.1 24 .— (V . 100,p.734.)
NEW Y O R K L A C K A W A N N A & W ESTERN R Y .— Binghamton’ to Buf
falo and Internat. Bridge and branches, 214 m., of which the main line 213
m.. Is double track; D. L. A W . has a lease for duration of charter from Oat
1882, giving a guaranty of the bonds and 5% yearly on the stook. See form
of guaranty of terminal bonds In V. 07, p. 1357; see also V . 68, p. 283.
NEW Y O R K & LONG BRANCH R R .— Perth A m boy to Bay Head N
38 miles. Operated under an agreement made In 1888 for a period of 99
years with Penn. R R . and Cent. R R . of N. J., which Jointly and severally
guarantee Interest and 7% on the $2,000,000 stock, all owned by Central
R R . of N . J. Of the bonds $192,000 are 5s.— (V . 72, p. 438.)
v' cu“ u‘
NEW Y O R K NEW H A VE N & HARTFO R D R R . — Covers Southern New
England and the only direct routes between New York and Boston.
Miles. „ Leased (part ovmed) —
M iles
Lines owned in Fee—
_
Woodlawn Jet. N . Y ., to Provi
633
dence, R . 1................................173 ° lU n e l T L s e d - {WhlCh 8eo)—
Boston, Mass., to Hopewell Jet.,
Providence and Worcester........
48
N . Y ...........................................213
Ot°hTr-lfn«V
.0rC08ter(whlch80e) 109
71
N ew Haven, Conn., to Spring
field, Mass................................120
Linos to Pittsfield, Litchfield,
(V .8 8 .P .5 3 )................ .........
5i
Springfield, & c..........................687
_____
Total operated July 1916 (128 m. has four and 831 m . two tra ck s)..2 , 005
In Oot. 1904 $29,160,000 of the $58,118,982 N . Y . Ont. & W est. com.
stock was acquired at $45 per $100 share and $2,200 of the $4,000 prof.
T ™ ^ V‘r¥c .'& .
?vk
o fty V
V V?8\P*
7J> p - 20®0> 2642: V> 80’ p ’ 1363: v - 95, p. 1427.
On M ay 9 1912 permission was obtained to purchase from the New York
Central the remaining one-half ($2,352,052) of its m ajority holding of
$4,704,100 pref. stock of the Rutland R R ., the other one-half having been
acquired by the N ow Haven road in Fob. 1911. Docislon dismissing suit
to proyent this purchase was uphold on Dec. 7 1915 by N . Y . Court of
Appeals, but the N ew Haven it is
.stands ready to dispose o f Its Inter
est. V . 93, p. 1600, 1788; V . 94
-----“ ----Decision In suit against "
settlem ent in Fob. 1916
__ .
_ __ _
___
Owns greater part of stook of'Central New England R y .
see) and
guarantees $13,427,000 gen 4s. V. 92. p. 1179, 1375, 1436; V. 93, p. 866.
Penn. l i l t , on Dec. 31 1915 owned $5,312,500 stock and N ow Y ork Cent.
& H . R . RR * C o.. $1,645,600. V . 90. p. 1426.
Owns practically all the stock of tho N . Y . Westchester A Boston. 177th
St., N . Y . 0 ., and M t. Vernon, Ao.; total trackage, 74.57 miles, of which
50.57 held In fee and 24 in. under perpetual trackage rights
See bond of
fering. A c., V. 93. p. 346, 866; V. 94. p. 1508, 1627: V . 95, p. 48, 298, 964,
1040, 1208, 1746; V . 100, p. 043, l5 l9 . See ’ Electiio Railw ay Section/
s ae
ttd
(Wic
hh
$14,000,000
11,000,000
5.000. 000
18,569.001)
Rate
%
9 When
Payable
5
4 g
4g
1, 100.000
4)4 g
300.000
4)4
24.000.
000 4)4 g
1,471,900
5 e
8,656,050 141M916
1,343,950 14 in l9 l6
12. 000 . 000
3)4 g
10, 000,000
5
12,000,000
6
5.000.
000
5
5.000.
000
4
10.000.000
1,000
2.500.000 4 g & 5
100 157,117,900
1,000 10,000,000 3)4 & 4
500 Ao 10, 000.000
3)4
1,000 15.000. 000
4
100 &c ; 9.765.450
3)4
15.000.
000 4
500frsAc 14.186,700
4
1,000 13,898,605
4g
$100 Ao 39.029.000
6 g
700.000
5g
1,000 Ac 25.000.
000
4>4g
1,000
1.000.000
4g
1,000
2.839.000
5g
1,000 17.500.000 4 g & 5 g
1,000
1.500.000
4
1,000
675.000
5
1,000
750.000
5g
1,000
500.000
5 &6
1,000
150.000
5
350.000
4g
1,000 Ac 15.000. 000
4g
R R ., Phi la.
tY R E P O R T ,— Report for 1915 was in V . 102, p. 1806.
1916.
1915.
1914.
1913.
Railroad revenue_______ $15,387,928 $12,536,380 $11,294,971 S12.393.873
Operating income........... 3,390,977
$2,744,788 $1,496,036 $2,215,245
195,703 .,
229,944
112,192
224,943
Other income................
Gross corporate income$3,586,680 $2,974,732
Interest on bonds----- 1 1,930,692/ $1,146,537
IHro o f equip., & c___ J
\ 1,017,620
D iv . on 1st preferred— (5)250,000 (5)250,000
-------D lv. on second pref___(2)4)275,000
Amount
Outstanding
P ar
Value
A & O
M A N
F & A
A & O
F & A
M & N
See text
See text
M A N
Q -J
J & J
F & A
M A N
M A S
M
A
J
J
M
A
A
J
M
A
M
J
A
M
J
J
A
J
M
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable.
M a r 1 1913 4% Cleveland, Ohio
Jan 2 1917 2)4
do
do
Jan 2 1917 2 y2
do
do
Oct 11937
Chase N a t Bank, N Y
M a y 1 1931
do
do
A ug 1 ’ 17 to ’ 26
Oct 1 '17 to ’26
Aug 11953
See " a ” below
M a y 11946
50 Church St, N ew Y o rk
Jan 2 1917 5% Grand Central T e r m .N Y
Jan 2 1917 5%
do
do
May 1 2000
do
do
"
‘ 1917 1 Vi D el Lack & W est, N Y
do
do
do
do
May 1 1923
do
do
Sept 1 1941
Sept30’ 13 1 )
Mch 1 1947
Apr 11954
July 1 1955
Jan 1 1956
May 1 1956
A pr 1 1922
Apr 1 1923
Jan 15 1948
Apr 1 1923
N M a y 11917
O A pr 1 1942
N N ov 1 1937
J July 1 1945
O A pr 1 1939
N May 1 1918
J
J
O
D
N May 1 1954
A S
A O
A J
A J
A N
A O
& O
A J15
A
A
A
A
A
A
A
A
A
A
A
93
L ib erty N a t Bank, N Y
C o’s office, N e w H aven
Lincoln N a t Bank, N Y
Second N a t Bank, N H
Lincoln N a t Bank, N Y
Second N a t Bank, N H
Lincoln N a t Bank, N Y
Paris, London, &c
.1 P M organ & C o, N Y
Second N a t B k.N ew H a v
N ow Y ork and Boston
Contral Trust Co, N Y
Farmers’ L & T r Co, N Y
Safe Dep & T r Co,Boston
Coup, office: reg, mailed
Second N a t B k.N ew H a v
Lincoln N a t Bank, N Y
Second N a t Bk, N ow H a v
do
do
do
do
Lincoln N a t Bank, N Y
Segregation.— Th e stockholders on A pril 21 1914 approved an agreement
which had been reached with the Government for a surrender to inde
pendent control o f certain parts o f the system so as to prevent a suit under
tho anti-trust law as follows: (1) Th e Boston R R . Holding Co. stock own
ing 52% o f tho stock o f tho Boston & M aine R R . has been transferred to
5 trustees, viz.: Marcus P . Knowlton and James L . D oherty o f Springfield,
Mass.; James L . Richards and Charles P . H all o f Boston, and Frank P .
Carpenter o f Manchester, N . H . , and, after arrangements have been made
to protect the m inority stock o f the holding company, they shall 6ell the
Boston & M aine stock before (as extended) Jan. 1 1918. See V . 103, p.
166; V. 99, p. 1221. As to receivership o f Boston & Maine, see that com
pany and V.U03. p. 757, 843. Recommendations o f Mass. P .S . Commis
sion in Fob. 1916 and Pres. E llio tt’s reply, see V. 102, p. 800. 1897.
(2) The stocks o f the companies which control the Connecticut and
Rhodo Island trolleys have been placed in the hands o f trustees— 6 for each
State— and shall bo sold within 6 years from July 1 1914. V . 99. p. 1452.
(3) Tho m ajority stock o f the Merchants’ & M iners’ Transportation C o.
held by the N ew Haven R R ., which has been sold. V . 98, p. 1320, 1396.
(4) Tho minority stock o f the Eastern Steamship Corporation, held by
the N ew Haven R R ., shall be sold within 3 years from July 1 1914, and in
tho meantime shall be deprived o f voting power. Reorganization plan In
1916, V . 103, p. 846, 1601. V . 99. p. 1369, 1454.
(5) Whether the Long Island Sound steamboat lines m ay be retained
w ill bo determined by I.-S. C . Commission. V . 103, p. 1981.
(6) T h e Berkshire trolleys shall be sold within 5 years from July 1 1914.
(7) Th e stocks o f companies owning or controlling street railways in
N . Y . shall bo 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 form er directors, V . 99, p. 198, 270, 407, 538, 1367, 1052:
V. 102, p. 345, 251; V. 103, p. 844.
In N o v . 1914 modified rate schedules were filed. V . 99, p. 1300,1674.
S T O O K .— Authorized issue unlimited. T h e stockholders voted April 24
1915 to cancel the $22,899,100 stock in the treasury, reducing the issued
stock to $157,117,900. V . 100, p. 1510; V . 103, p. 1210.
D IV ID E N D S .—
11873-1893. 1894. 1895 (0 1912. 1913. N one
9
8
5
since
Per c e n t _______________ l 10 yearly
In 1916 all earnings woro being put back into the road in order to enable it
to meet business requirements. President E llio tt stated in Aug. 1916 (V .
103, p. 579) that it w ill bo nocessary to expend -within the next fiv e or ten
years from $20,000,000 to $30,000,000 for m otive power, yards, terminals,
station Improvements, &c. Short-term notes aggregating about $45,000,
000, Including $20,000,000 3-year Collateral Gold N otes o f the Now Eng
land Navigation Co., mature M a y 1 1917. During the year 1915-16 thore
was paid o f f $6,140,180 o f debt and $4,352,153 wero spent for im prove
ments and equipment, a total o f $10,492,334, or about 6% on tho outstand
ing capital stock. V . 103, p. 66, 1587. Loans and bills payable June 30
1916, $25,007,000.
B O N DS.— Harlem River A Portohester D lv. 4s of 1904, V . 85, p. 1143.
The 3 H % ooupon debenture oertfs. dated 1906, due Jan. 11950, were con
vertible at par of $150 for $100 stock between Jan. 11911 and Jan. 1 1916,
and was so reduced from $30,000,000 to $9,765,450.
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 bonds are issued in exchange for tho foregoing bonds
$ for $, and are to bo secured by any future m ortgage on the main line be
tween Woodlawn, N . Y ., and Providenco. and also Springfield. 235 miles,
pro rata with any other bonds secured thereby. V . 103, p. 759. P ro v i
dence Terminal Co. bonds ($7,500,000 authorized), see V . $2, p. 929, 629,
693. 1213, 1323: V . 83, p. 96. 819.
Tho $39,029,900 6% debentures are convertible into stock after Jan. 15
1923 at par, and are to be secured by any mtge. hereafter created, covering
the main lines between Woodlawn, N . Y . C ity , and Springfield, Mass., or
Now Haven, Conn., and Providence, R. I. V. 85, p. 1270,1339,1402, 1647.
Tho $700,000 5% debentures for N ew Haven station are to be secured by
any future mortgago. V. 103, p. 1302, 1119, 1593.
As to $20,000,000 N ew England N avigation C o. 3-year 6% collateral
notes sold in April 1914, see V. 98, p. 1393.
Tho $25,000,000 1-year 4)4 % collateral notes o f 1916 were sold in con
nection with the payment o f the $27,000,000 5% notes maturing M a y 1,
tho balance coming from cash on hand. T h ey are secured by collateral
valued, viz.: (1) Stocks, $9,813,200 Old Colony R R .; $955,100 Providence
& Worcester R R .; $524,600 Boston & Prov. R R . Corn.; S486.700 P ro v .
Warren & Bristol R li.; $97,100 Norwich & Worcester R R ., and $29,162,200
N . Y . Ont. & Wost. R y.; and (2) bonds: $1,500,000 Central N ow England
1st 4s and $13,000,000 Harlem A Portchester 5% debentures. Tho collat
eral may be withdrawn on deposit o f cash equal to the withdrawal values
named in tho indenture. V . 102, p. 1541.
In M a y 1915 tho Mass. Legislature passed a bill permitting the company
to make a mortgage covering the entire property and having a first lien on
tho main line and to issue thereunder long-term bonds to fund the present
floating debt o f about $53,000,000; also to issue pref. stock when desired.
Enabling legislation lias also been passed in other States. V . 100, d .
2010, 399, 141, 1833, 1918. In Feb . 1917 financial plans wore under con
sideration. V . 102, p. 609. 1896; V . 104, p. 452.
The development of the adjacent surplus real estate not used for the
Grand Central Term inal, N . Y ., w ill be financed through the N . Y . R ealty
& Terminal C o., whose stock is equally owned and obligations guaranteed
by N . Y . N . H . & H . and N . Y . Central. V . 95. d . 964; V. 101, p. 370.
Equipment notes o f 1914, V . 98, p. 913; V . 99, p. 1367, 1452, 1911.
Equipment trusts o f 1915 and 1916, V. 103, p. 119, 1601.
O f tho $21,390.000 N . Y . Westchester & Boston 1st 4)4s, this company
owned $2,190,000 on June 30 1916. See “ Electric R y . Section.”
94
RAILWAY STOCKS AND BONDS
Amount
Outstanding
Rate
%
61 1904 Sl.OOO&c $2,500,000
1902
234,000
Boston & N Y A ir Line 1st M $5,000,000" (assum) ..x
1905
3.777.000
1.00C
Pawtuxot Valley 1st M ____________________________
160,000
5.6C 1905
CD
2,400,000
N H & Northampton ret M $10,000,000 guar p & 1.x
1906
1.000&C 4.000,000
Providence Term 1st M $7,500,000 g assu m ..xc*& r
1906
Consolidated R y debentures_______________________
1907
P rovS eo Co deb $19,911,000 g gu red 105 beg’ 17.xc*
1,000 19,899.000
Bds of elec roads. Seo text below & "E lec tric R y.
7,278,000
Equipment trusts, due $166,000 y o a r ly __________ F
1914 \
1,000 2,258,000
do
do ser A A duo$-18or $19,OOOs-a.PhPc*
1914
775,000
1,000
2,402,000
do
do ser BB due semi-annually_____ C P
1915
do
do ser C duo $65,000 s-a__________ C P
1916
1,300,000
Bonds o f Leading Proprietary, etc., Lines (V 103, p. 1604)
1.000
196.000
H olyoke & Westfield 1st M (V 92, p 322. 795' gu.c*
to 1911
Boston R R Holding C o— Boston Term C o— Central N ew
Engla nd R y — Seo those co
N ew York Connecting R R and Old Colony— See th OS0 CO mpanl es
1,000 1,500,000
Providence & Worcester first mortgage currency___
51 1897
100 4,000,000
N ew Eng Invest & Sec pref cum 4% guar________
do
do
Bounding gold notes_______________
1909
5,000.000
$ & £
See text.
N Y Wes & Bos 1st M $60,000,000 g red 110(1 xo*&r
1911
New England N avigation Co debentures g o l d ____x
1905
3,600,000
do
do
do ____________________________
675,000
Notes secured by coll red 101M ______________OB
1,000 20,000,000
1914
Springfield R y 4% cum pref stock red 105 guar____
100 3.387.950
—
—
N ew Y o rk & N o rth ern — See N Y Cent R R .
100 58,113,983
New York Ontario & Western— Common stock..
Refunding (first) mtge $20,000,000 g o ld ..B a .x o ’ &r T e x t 1892
1,000 20,000,000
Gen M $12,000,000 gold red 110 (see text) ..N x c * & i
1905
1.000 8.630,000
1910
Equip notes “ A ” due $36,000 s-a (V 90, p 977) . Baz
1,000
252,000
1913
690.000
Equip notes Ser O $30,000 s-a (V 96,p 420 --B a z
1,000
Equipment notos Series “ D " duo $35,000 s-a______
1.000
. . . 1916
455,000
N ew Y o rk & O tta w a — See N Y Central R R .
50 2,500,000
New York Phila & Norfolk— Stock, $4.000.000............
1,000 2,600,000
First mtge $3,000,000 g (V 68, p 773, 978) ..F P .x c *
112 1899
Income mtge g non-cum regls (V 68. p 97 8)___ FPx
1.000
950,000
112 1899
RR.
N ew Y o r k & Pu tn am — See N ew Y ork Central
1,000
984,000
N Y & Rockaway Beach— 1st M $1,000,000 g gu-Ce.c*
11 1887
1,000
Second m tge Income bonds non-cumulatlve— Ce.zr
11 1887
980,000
4g
3M
4 g
4
4
4g
R A IL R O A D C O M P A N IE S
(F or abbreviations, «fee., see notes on first page]
M iles Date
Road Bonds
Par
Value
New York New Haven & Hartford (.Concluded) —
Naugatuck first mortgage gold assumed_____ xc*& r
N E W Y O R K N E W H A V E N & H A R T F O R D (Concluded)—
Outstanding Consolidated Ry. Co. Debentures Assumed (soo “ Elec. R y . Sec.” ) •
4% 1904.. x$4,255,000 July 1 195414% 1906 ..x $ 2 ,011,000 Jan. 1 1956
4% 1905 . . x2.309.000 Jan. 1 1955 3-3M -4 % ’05 X972.000 Fob. 1 1930
4% 1905 - - x l , 340.000 A pr. 1 19551
Outstanding Street Railway Bonds Assumed as o f July 1916.
(A ll 5 per cents except as shown. Soo pago 72, “ Elec. R y . Section” ).
W .& C .E .4 M s $ l,9 9 2 ,0 0 0 Jan. ’43 Hartf. St. 4 s . . .$2,500,000 Sept. ’30
N . I I . & C o n t ... 283,000 Sept. ’33 Greenw. Tram . . 320,000 July ’31
63,000 Oct. ’37
M or. Horso_____ 415,000 Jan. ’ 24 Branford Eloc.
Norwich St........ 350,000 Oct. ’23 Torr. & W in ____ 150.000 Doc. ’ 17
M o n tv. St.......... 250,000 M a y ’20 M or. S o.& Comp. 175.000 July ’28
N ew London S t. 150,000 Oct. ’ 23 Staff. Sp. St____ 400.000 July ’56
H a r t .M .& Rock- 200,000 Oct. ’24
E A R N IN G S .— F or six months onding Dec. 31:
6 M os.
Gross.
N et.
Other Income. Charges.
Bal.,Sur.
1916_____$41,943,129 $12,855,694
$1,579,602 $9,889,206 $4,546,090
1915........ 37,822,615 12,177,937
833,459 9,704,526
3,306,870
A N N U A L R E P O R T .— R eport for 1915-16 in V . 103, p. 1501, 1587,1598.
Special statements, 1915-16, V. 103, p. 579, 661, 752, 1598; V . 102, p. 1896;
V . 100, p. 1340; V. 98, p. 1239.
Contingent liabilities, soo list, V . 103, p. 1604.
IN V E S T M E N T S .— Securities pledged and unpledged, sco V . 103, p .1605
Year ending June 30—
1915-16.
1914-15.
1913-14.
M iles operated..............
2,005
2,005
2,046
Passonger earnings......... ..................$29,620,567 $27,010,799 S27,643,836
Freight earnings.............
37,448,021
31,179,319 32,476,639
Miscellaneous ....................................
9,243,065
7,189,146
7,332,117
Gross earnings_________________ ...$76,311,653 $65,379,264 $67,452,592
N e t earnings (after taxes, & c .)___ ...$22,381,882 $18,502,082 $14,650,123
Other income_____________________ . . . 6,459,230
5,855,051
7,821,524
T o ta l net income.............................. $28,841,112 $24,357,133 $22,471,647
Interest on bonds, &c...... ...................$11,307,901 $11,180,323 $11,917,056
Rentals, &c......................... ............... 11,995,146
9,705,146
8,926,529
Separately operated properties_______
981,595
995,572
1,098,325
M iscellan eou s.....................
240,712
168,121
261,074
D iv id e n d s ___________________________
____ ,-________(1^)2,356,769
Balance, surplus or doficit_____ sur.$4,315,757sr.$2307,972df .$2088,106
O F F IC E R S .— Pres., Howard E lliott, Now Haven; Soc., Arthur E .
Clark; Trcas., Augustus S. M a y , N ew Haven, Conn. (V . 101, p. 1629).
Directors.— Howard E llio tt (Chairman), Jamas L . Richards, Jos. B .
Russell and E . J. Pearson o f Boston; John T . Pratt and J. Horace Hard
ing, N . Y . C ity; ’l'. De W itt Cuyler, Phila., Pa.; Arthur T . Hadley, Bonj.
Campbell, E li Whitney, Now Haven; Augustus S. M a y , Bridgeport, Conn.;
Francis 'I'. M axw ell, Rockville, Conn.; Edward M illigan, Hartford, Conn.;
Frank W . Matteson. Providence, R . I.; Harris Whittomoro, Naugatuck,
Conn.— (V . 103, p. 666, 752, 759, 844, 1119, 1210, 1501, 1587, 1593, 1598,
1981, 2156; V . 104, p. 164, 257, 452.)
N EW Y O R K O N TA R IO & W E STE RN R Y .— Operates from Weehawken.
opposite N . Y . City, to Oswego, on Lake Ontario, In all 568 miles, viz.:
Road Controlled, A c.—
M iles
Road Owned—
Miles.
4
O iwego to Cornwall,N. Y --------- 272 Pecksport, Conn, (leased)_______
Branch to New Berlin---------------- 22 Ont. Carb. & S. (leased) Cadosla,
N . Y ., to Scranton, Pa, &c______73
do
to D elhi---------17
do
to EllenvlU e---------------- 8 Rome & Clinton (leased)----------*13
Utica Clinton & Bing, (leased) ..*31
7
Total ow ned------------------- 319 Wharton Valley (ow n ed )_______
Ellenvillc & Kingston (leased)____ 28
Trackage (till 2079) W.Shore R R .
C’nwall to W ’ken (V .61.p.425) _ 56 Port Jervis Mont. & Summltvllle
(owned and leased)....................38
• See this company.
C O N T R O L .— In Oct. 1904 N . Y . N . H . A H. R R . acquired $29,160,000
com. stock at $45 per share and $2,200 o f tho $4,000 pref. V . 95, p. 481,
V . 79. p. 2086. 2643; V . 80. p. 1363, 2458; V ; 8 1 .p . 1044; V . 97, p. 1427.
S T O C K .— There Is $4,000 old preferred.
V. 79, p. 977, 980, 1332.
D IV ID E N D S .: 11905. 1906 to 1911. 1912. 1913. 1914-15.
1916.
On common____ %/ 4M
2% yearly
0
2
Nono July 24,1%
In July 1916 paid 1% dlvldond on common stock. V. 103, p. 146.
B O N DS, &C.— Refunding mtge. for $20,000,000 covers 319 mllas of road
owned, all the securities of the Ont. Carb. A Scran. R y ., 54 miles, and all
after-acquired property. V 72, p. 87: V. 78, p 2012; V. 80, p. 651, Of
the $12,000,000 gen. M . 4s o f 1904 $6,650,000 were Issued and In Fob. 1913
permission given to Issue $1,980,000 additional. V . 79, p. 1332, 1462.
V . 92, p. 462: V . 94. p. 1508; V . 96. p. 420. 653.
Early in the calendar year 1899 the coal properties at Scranton, Pa., of the
Lack. Iron & Steel Co. (the capacity, of the collieries then open being about
700.000 tons per annum) were purchased by the Scranton Coal Co., aided
by loans from the N. Y . O. & VV.. the latter Issuing Its $2,500,000 5% notes
(Anal Installment paid Feb. 1911), and loaning $1,475,000 (of which
$305,000 has been repaid), the O. A W . obtaining contract for entire ton
nage. V. 68. n. 41. 429; V. 69, o. 604. 646: V. 81. p. 1792.
In N ov. 1900 eight Independent anthracite properties with a maximum
output of 2,000.000 tons annually were merged as tho Elk Hill Coal A Iron
Co., the N. Y . O. A W . Issuing Its $3,500,000 5% s. f. first Hen gold notes
secured by the Coal & Iron Co.’s 1st mtge., these notes maturing $75,000
each 6 mos.. beginning June 1 1901, to June 1 1911. and thereafter $200,000
semi-annually to Doc. 1 1915, when final installment was paid. V . 71, p.
1270;V . 73. p. 501.
When
Payable
M A
A A
F A
A &
J A
M A
M
4g
4. 4 95. 5
A
5
M
6g
J
4M
M
4M
4H
mpanles
A
5 g
Up to 5
May 1 1954
Oct 1 1930
Aug 1 1955
A pr 1 1925
June 1 1956
Mch 1 1956
Places Where Interest and
Dividends are Payable
Second N a t Bk. N Haxen
do
do
do
do
Now Havon, Conn
Second N a t Bk, N Haven
do
do
Farm Loan & T rC o, N Y
Phila T r S D & Ins Co
Phila Commercial Trust
A
Treasurer, N Haven,Con
M A
J A
A A
M A
A &
12 In ’ 15 J
J
4 g
M
4
N
O
A
O
D
S
Last Dividend
and M aturity
A N May 1 1957
1916 to 1956
& O A pr 1917-1929
& N T o N o v 1924
& I ) Jne 1917to 1925
S M ar 1917 to ’ 26
A A
4
J A
4
4 to 5
4M g J A
M AM
J *
4
M &
6
J &
4
4g
4g
4M
4M
4M
[VoL. 104.
&
A
&
O Apr 1 1951
Equitable Trust Co, N Y
o Oct 1 1947
R I Hosp & T r Co, Prov
J Jan 1917, 2%
.J July
1 N ov
.9
.T Jan
N M ay
J Jan
S
D
<)
S
o
1 1946
New York & London
13 1955
1 1955
1 1917
1917, 2%
July 24 1916,1%
Office, Gr Cent Ter, N Y
June 1 1992
do
do
June 1 1955
April 1917 to ’20 Bankers Trust Co, N Y
do
do
Mch 1917 to ’ 28
do
do
Apr 1 1923
D N o v 30 1916 6% Checks mailed
Broad Street Station
.) Jan 1 1939
N Jan 1 1939
Checks mailed (see toxt)
M A S Sept 1 1927
5 in 1916 Sept 1 1927
Treasurer Penn R R , N Y
Broad St Station, Phila
E A R N IN G S .— F or six months onding Dec. 31:
6 M os.
Gross.
N et.
Other In c .
Charges.
Bal.,Sur.
$1,312,183
$88,245
$802,813
$597,615
1916........$4,644,357
1915
.................. 4,792,443 1,465,310 89,234 812,632
741,912
R E P O R T .— For 1915-16, in V . 103. p. 1407. Coal traffic in 1915-16,
3,982,568 tons (out o f 5,773,446 tons), against 4,258,753 tons In 1914-15.
Year ending June 30—
1915-16.
1914-15.
1913-14.
Gross earnings.......................................$8,942,252 $8,926,946 $9,251,570
N ot earnings over taxes----------------2,477,863 2,141,440
2,102,360
Tota l not incomo, including “ other” . 2,666,088
2,333,845
2,342,193
1,204,297 ' 1,227,041
'1,256,131
Interost on funded dobt_____________
Miscellaneous interest and discount..
11,055
18,944
13,155
475,353
Rentals and hire o f equipment______
466,858
409,215
210
210
Preferred dividends_________________
210
Common dividends_________________ (1 % )5 81,071 _
____________
Balanco, surplus__________________
$402,597
$612,297
$663,482
Chairman, Howard Elliott; Pres., John B. Korr. Office, N ow York,
N . Y . — (V . 101, p. 1009; V . 103, p. 61, 146, 662, 1407.)
N EW Y O R K P H IL A D E L P H IA & N O R FO LK R R .— In Jan. 1909 all but
$7,250 of the $2,500,000 stock had accepted the offer of the Pennsylvania
R R . to buy the stock with 4% 40-year trust ccrtfs., guar. prln. and lnt. by
Penna. R R . on basis of $3,000 certfs. for $1,000 stock (V . 90, p. 977). In
1912 stockholders authorized Increase In stock, $2,500,000, to $4,000,000.
but no increase Issued to Jan. 1 1916. V . 95, p. 1332. Equipment trust
obligations, $700,000. For cal. year 1915, gross, $4,152,985; net, $892,593:
othor income. $64,968; total deductions, $322,318; dlvs. (1 2 % ), $300,000:
bal., sur., $335.243.— (V . 102, p. 522, 1541.)
E A R N IN G S .— For twelvo months ending Dec. 31:
Gross
Net, after
Other
Fixed
Balance,
12 Months—• Earnings.
Taxes.
Income.
Charges.
Surplus.
$1,242,999
1916 ...................$5,194,158 $1,598,343 $72,408 $427,752
1915____________ 4,154,985
892,592
65,259 322,608
635,243
Secretary, Lowis Nellson.— V . 104, p. 362.
N EW Y O R K & R O C K A W A Y BEACH R Y — Owns Glendale Jet. to Rock
away Park, 10.31 m .,w lth branches,2.06 in.; 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 $972,200 stock, whose endorsement 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
incomas, 5% each, paid in 1914, 1915 and 1916. V . 100, p. 1079. Cal.
year 1915, gross, $1,317,050; not, $414,006: othor incomo, $3,757; deduc
tions, $391,919; bal., sur., $25,844 — (V . 100, p. 1079; V. 102, p. 1540.)
N EW Y O R K SHORT L IN E R R .— Owns a cut-ofl for the Reading Co.
between Cheltenham and Neshamlny Falls, 9.38 miles, opened May i900.
V 79, p.1038. To be 4-tracked— 2 tracks laid at present and on 1.73 miles
3 tracks. Leased to Phila. A Reading R y. 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.)
N EW Y O R K SU SQ U EH ANNA & W E STE RN R R .— (See E rie M a p .)
Owned (in fee) or entire stock. Miles. Wllkesbarro & Eastern___________ 65
Jersey City to Stroudsburg, P a . . 99 Susquehanna Connecting R R ____ 8
(Double track 19 miles.)
Other branches__________________ 24
Beaver Lake, N . J., to Unlonvllle. 21 T ra ck a g e......................
8
Total road operated December 31 1914.......................................... ..225
STO C K .— Pref., $13,000,000: com., $13,000,000, of which the Erie
owned Doc. 31 1915, $25,610,106 com. and pref.— of this, $6,630,000 com.
and $12,936,000 pref. being deposited under Its mortgages. Dividends on
pref., N ov. 1891 to 1892. 2 >4% yearly: nono since.
B O N DS.— General 5s are reserved to retire 2d 4 Ms. See abstract, V. 52,
p. 84. The seconds are exchangeable for generals on payment of an asscss’t.
Terminal bonds, see Issue of Jan. 1898 and abstract, V. 57. p. 512.
The $3,500,000 Midland R R . 6s were extended 30 years from 1910 at 5%
and $200,000 Paterson E xt. 5s 40 years at same rate. V. 90. p. 373, 91.
Equipment notes o f 1916, seo V . 103, p. 61.
E A R N IN G S .— 6 m os.,11916........... Gross, $1,575,266; not, $385,783
July 1 to Dec. 31. 11915........... Gross,
1,714,407; not, 527,872
R E P O R T .— Fiscal year changed to end Dec. 31. For year ending June
30 1914 in V . 99. p. 1360. 1915 earnings calendar year.
Year—
Gross.
Net.
Other Inc.
Charges.
Net Income.
1915........... $4,107,036 $1,331,380 $183,008 $1,084,622
$429,766
1913-14_____ $3,974,796
$1,061,781 $287,404
$1,118,801 sur.$230,383
1912-13____ 3.787.146
1,010.480
179,199
981,563
sur.208,096
— (V . 97. p. 1498; V . 99, p. 1131, 1360; V . 100. p. 475; V . 103. p. 61.)
N IA G A R A JU NCTIO N R Y .— 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% cum. pref. ($55,000
more prof. In treasury), all owned by Niagara Falls Power Co.
Calendar year 1915, gross, $91,371; net, $50,050: other Incomo, $50,983;
lnt. & taxes, $22,017; bal., sur., $28,966. Pres., Edward A . Wickcs; V .-P ,,
Philip P . Barton; Sec. & Counsel, B
’rcd’k L . Lovelace; Trcas., Paxton
L ittle . N ew Y ork offlco, 15 Broad Street.
N IC K E L P L A T E S E C U R IT IE S C O R P O R A T IO N .— Seo N ow Y ork
Chicago & St. Louis R y . abovo.— V. 103, p. 2157, 2238.
N O RFO LK & PORTSAIOUTH B E LT L IN E R R .— Owns Port Norfolk to
Berkley, V a ., 6.13 miles, and Southern branch extension, 6.01 m.; operated
under lease, 1.85 miles. In N ov. 1909 acquired entire stock of Elizabeth
River R R .. whose bonds are guaranteed. V. 90, p. 1044. Stock, $57,600.
all owned by Atlantic Coast Line, Norf. & W cst..Chcs. & Ohio, N. Y . I ’ hlla.
& N orfolk , Seaboard A ir Lino. N orf. Sou., Southorn R y. and Virginian R y .
Bonds, seo table. Y ear ending Dec. 31 1916, gross, $294,668; total not,
SS5.597; int. on bonds, $19,270; othor chargos, $28,990; dlvs. (6 % ), $3,456:
bal., sur., $33,881.
F e b ., 1017. J
R A IL R O A D C O M P A N IE S
[F or abbreviations, & c., see notes on firs t page]
N Y Short Line— 1st M $1,500,000 g gu p & l.P eP -k vc *
N Y Sus & W est— Midland H R 1st M g ext ’ 10-Ce.xc*
Paterson E x te n R R 1st M ext In 1910 at 5% s t g.xc*
New York Susq & Western first M ret g ........ Ce.zc*
Second M ($1,000,000 gold) 3d M on 72 m .C e.zc*
General mortgage for $3,000,000 g o ld -----Ce.zc*
Terminal first mtge for $2,000,000 gold— Usx.c*<Scr
Wllkes-B & E ’n 1st M g gu p & 1 (V 60. p 481) -G.zc*
Equipment notes series A due $40,000 seml-ann___x
do
do B duo $21,000 seml-ann______________
do
do C due $28,000-$27,000 semi-ann guar
Allied Companies—
Passaic & N Y 1st M (999 years rental) ext 1910- .x
N Y & Wilkes-Barre Coal Co first m ortgage-------- N
New York Texas & Alexico— See Galveston Harrisburg
Newark & Bloomfield— Stock, 6% rental.......... - - - -
Newport & Cincinnati Bridge— See Louisville & Nash
N e z Perce & Idah o— See Lewiston NezPorcc & East
Niagara Junction R y— First M $650,000 gold-Ba.xc*
Norfolk & Portsmouth Belt Line— First m tg e ---F P x
Ellz R lv 1st M g gu p & 1s f red 105;slnce ll.G P .x c
Norfolk & Carolina— See Atlantic Coast Line R R
Norfolk Southern— Stock $16,000,000 authorized..
First m ortgage....................... ........ - --.-Mp-xo
First general mortgage gold redeemable at l lo - . U x
Suffolk & Carolina first cons mtge gold red 110 -.xc
1st & Ref M $35,000,000 red 105 since 1915 Ce.xc* &r*
Raleigh & Cape Fear 1st M g. . . - - - - - - - - - - C o L x c
Raleigh & Southport first mort $2,000,000
-Co x
do
do
general mortgage $200,000. Nx
Aberdeen & Asheboro 1st M $164,000 g-MeBa.xo*
Eauipment trusts series A due $25,000 seml-ann —
Norfolk Terminal— 1st M $2,000,000 g gu re d ..G .x c*
Norfolk & Western— Common stock $150,000,000-0x
Adjust pref(p&d)4% stock non-cum $23,000,000.Qx
N <c W gen (now 1st) M N orf to Brls &c g ..F P .x c *
5
New River Division Urst mortgage g o ld ...F P .x c *
Improvement & extension mortgage gold .F P .x c*
Scioto Valley & New Eng 1st M assum gold.C e.zc*
N & W first consol mtge $62,500,000 g -.B a .xc*& r*
Miles Date
Road Bonds
9.38
72
1
127
127
127
'65
& San
4
vllle
ern
T e xt
8
4.6
223
223
75
789
32
61
'82
428
200
572
127
1.626
Par
Value
Amount
Outstanding
$1,000 $1,500,000
1905
500 &c 3,488.500
1880
1,000
200,000
1881
1,000 3,745,000
1887
1887
1,000
447,000
1890
1.000 2,552,000
1893 1,000 &c 2,000,000
1892
1,000 3,000.000
1.000
390,000
1911
278,000
1,000
1913
1,000
522.000
1916
1885
1893
Anton lo
—
1902
1898
1905
1891
1904
1902
1911
1903
1905
1907
1910
1914
1911
1881
1882
1883
1889
1896
Rate
%
When
Payable
F
4g
A
5g
J
5g
J
5g
4H g F
F
5g
M
5g
J
5g
F
4 «
M
5g
4H g J
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
Reading Terminal, Phlla
& A Feb 1 1955
Office. 50 Church Street
& O A pr 1 1940
do
do
& 1) June 1 1950
do
do
& J Jan 1 1937
do
do
& A Feb 1 1937
do
do
& A Aug 1 1940
do
do
& N May 1 1943
do
do
& D June 1 1942
& A A ug'17toAug’21 Commercial T r Co. Phlla
& N T o M a y 1 1923 Phila T r S D & Ins Co
& J Jan 1917 to ’26 Phila Trust Co, Phila
Office. 50 Church St. N Y
V 84, p 342; V 94, p 1701
500
500
70,000
450,000
5
6
J
M
&
&
D Dec 1 1940
N N ov 1 1933
50
1.600,000
6
A
&
O A pr 2 1917, 3% 90 WestHSt.HNew Y ork
1,000
1.000
500 &c
175,000
250,000
169,000
5g
5
4g
F
F
A
fe
&
&
A Aug 1 1922
A Feb 1 1938
O Oct 1 1935
100 16,000.000
1,000
1,655,000
5g
1,000
825,000
5g
1 000
650,000
5g
500 &e 12,870,000
5g
1,000
137,000
5g
1,000
374,000
5 g
6 g
1,000
176,000
164,000
5 g
1,000
5
350,000
1,000 1,000,000
4g
100 119,221,400 7 H In T5
100 22,991,800 4 In 1916
1,000 7,256,000
6 g
1,000 2,000.000
6g
1,000 5,000,000
6g
1,000 5,000.000
4g
100 &c 40,400.500
4g
N O R F O L K S O U T H E R N R R .— Operated June 30 1916 907.71 miles'
extending from N orfolk, V a., to Raleigh, Goldsboro and Beaufort and the
Piedmont section, N . C ., with branches. O f this total, the company owns
794.04 miles and leases 108.33 miles (from Goldsboro to Morehead C ity ),
and has trackage rights on 5.34 miles; 44.82 miles Is equipped electrically.
A t N orfolk the company has connection w ith steamslilj) lines which
furnish practically a dally servico to Washington, Boston, Richmond,
Baltimore, Philadelphia and N ew Y ork.
Projected Boaufort Terminal R y ., V. 96, r>. 863.
Owns entlro cap. stock and bonds o f John L. Roper Lumber C o., owning
over 600,000 acres o f timber lands and 200,000 acres o f timber rights. V . 87,
p. 1415. The John L . Roper Co. owns entire stock ($175,000) o f Carolina
R R . extending from Snow H ill to Pink H ill, N . C ., 35 miles. V .9 5 ,p . 1684.
V. 96, p. 863.
O R G A N IZ A T IO N .— Successor May 5 1910 to N. & S. Railway, foreclosed
Deo. 7 1909 per plan V. 87. p. 614, 678. Incorp. In Virginia May 2 1910.
STO C K A N D BONDS.— Under plan In V. 87, p. 614, 678, the new co.
authorized $16,000,000 stock and $12,000,000 "first & refunding" M. 5s
Of tiro “ First & Refunding” $35,000,000 bonds, $8,100,000 were made
Issuable for general corporate purposes, o f which $7,525,000 were sold;
also (February 1913) $5,456,000 authorized by tho stockholders In Juno
1912 to acquire the Raleigh Cliarlotto & Southern R y . and improve
ments and extensions; $3,981,000 wero reserved to retire a llko amount
o f underlying bonds, leaving $18,638,000 available for future purposes, o f
which $3,693,000, however, w ill bo issuable only upon voto o f three-fourths
o f tho directors and a m ajority o f tho stock for additional road.
Th e now bonds are secured by a first mortgage on 334 miles, and. subject
to underlying issues aggregating $3,981,000, on 455 additional miles, and
also by a first lien on practically tho entire equipment, valued at about $2,
720,625; also by a 1st lien on tho 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 cedar mills, with an annual capaoity of 150.000,000 ft., board
measure; and 140 miles of standard-gauge logging road, 300 logging
oars. 25 locomotives, &o. The value of the Roper lumber property has
been estimated at $12,785,000. Sinking fund $100,000 yearly, as long as
tho luinbor company bonds aro pledged, at least one-half for purchase or
redemption o f bonds o f this Issue, and the balance, i f any, for construction,
iinpts., &c. V . 93, p. 1534; V. 90, p. 487; V. 97, p. 1204; V . 98, p. 523.
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 A R N I N G S — 6 mos.,11916.............Gross, $2,570,558; net, $759,716
July 1 to Dec. 31. (1915............. Gross. 2,223,309; net, 628,448
R E P O R T .— For year ending June 30 1916 in V . 103, p. 1589.
1915-16.
1914-15.
1915-16.
1914-15.
Gross camings$4,591,924 $3,875,875 Tota l net Inc.Sl ,721,054 $1,076,837
N o t, a ft. taxes 1,371,975
769,671 Int., rents,&c. 1,330,045 1,266.328
Other income.
349,080
307,1661 B a la n c e ------ sur$39l,010def$189,491
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 . A very . 37 W all St.. N . Y .; Treas.,
Matthais M an ly, Norfolk; General Counsel, Jollne, Larkin & Ilathbone.
Gon. office, N orfolk, Va. N . Y . offlco, 37 W all St.— (V . 103, p. 1501,1589.)
N O RFO LK T E R M IN A L R Y .— Owns a union passenger station at
Norfolk, Va., with approaches, opened June 1 1912, used by the V ir
ginian R y., Norfolk & Western R y . and Norfolk Southern ItR ., which
own the entire stock and undertake to meet all expenses, charges and
Interest and principal of bonds. Bond3 authorized March 20 1911, $2,
000,000, guaranteed, prln. and Int., by the three lessor companies, o f
which $1,000,000 have been sold. Redeemable at 105 after N ov. 1 1925.
V . 92, p. 660, 1109 V. 93, p. 667, 1191. Pres., Raymond Du Puy; V .-P .,
J. H . Young; Sec., Francis W. Russell, and Treas., M . M anly, all o f N o r
folk. Va.— (V . 93, p. 667, 1191: V. 94, p. 1696.)
N ORFOLK & W ESTERN R Y .— (.See M a p .)— System extends from N or
folk, Va., westward to Columbus and Cincinnati, O., and northward to
Hagerstown, Md., with branches to the various coal fields In Va. and W . Va.
Road Owrwd—
Miles
M iles.
Norfolk, Va., to Columbus, O ...7 0 4 Roanoke to W inston___________ 119
Radford, Va., to Bristol. T c n n ..l0 6 Sundry branches_______________ 537
Roanoke, Va., to H agerstow n.-237 Columbus terminal____________
4
Graham to Norton___
100 T ra c k a g e ______________________
14
No. Caro. Junction to Fries
. 44
Lynchburg to Durham, N . C
115
Total operated June 30 1916.2,086
Portsmouth Junction to Cincin
nati and Ivorydale___
106 Double track_________
547
O R G A N IZ A T IO N .— Successor In 1896 of Norfolk & Western R R ., &o.
foreclosed per plan In V. 62, p. 641. In March 1910 Penn. R R . and sub
sidiary companles.Mt Is understood, owned about 51% of the stock, the
holdings sold In 1906 ($16,000,000) having been rc-purchased In 1909 and
also additional amounts acquired. As o f Dec. 31 1915 tho Penn. Co. owned
$5.000,OOO^ref. and $3.490,500 com. s to c k ._ V . 8 3 ,,P- 502: 4. 88,. p. 1062;
.. ..
j V . 95, p. 361. 688. In July 1916 purchased remaining stock
V. .98.
o f the 79-milc Vlrginia-Carolina R y . V.'103. p'. 321.
In July 1909 the Norfolk & Western and Atlantic Coast Lino agreed to
build Jointly the Winston-Salem Southbound R R ., extending from WinstonSalem, N . C., to Wadesboro, 89 miles, completed In March 1911, the two
proprietary companies Jointly guaranteeing an Issue of 1st M. 50-yr gold 4s
V. 89, p. 161. 598; V . 90, p. 238; V . 91, p. 1448: V . 92. p. 396.
STO C K .— Provisions of pref. stock were In tho Issue of April 1897. P -4.
D IV S —
I ’04. '05. 06. ’07. ’08. '09. ’ 10. ' l l . ’ 12-T5 '16 1917
C om m on ._ % l 3
4 )j
5
4 4H
5
6 y ’ly . 7
2J*
In Juno 1916 dividend was increased to l % % quarterly and an extra o f
1% was also declared. 1917, M a r., I H % and 1% extra. V . 104, p. 362;
V . 102, p. 1626.
BO N DS.— The first consolidated mtge. of 1896 Is limited to $62,500,000,
the balance unissued being reserved to retire the underlying bonds. V . 73,
95
RAILWAY STOCKS AND BONDS
Jan 11914, Vi %
& N May 1 1941
& J July 1 1954
& J July 1 1952
& A Feb 1 1961
& S Mch 1 1943
<c D June 1 1965
S
& O Oct 11917
& J Jan 1 1940
<
fe .) July ’ 17-Jan '24
& N May 1 1961
C— M M ar 191917 2 X
Feb 19 1917 1%
Q—
M & N May 1 1931
A & O Apr 1 1932
F & A Feb 1 1934
M & N N ov 11989
A & O Oct 1 1996
M
J
J
F
.\r
j
A
J
J
M
Bankers Trust Co, N Y
Fidelity Trust Co, Phlla
Girard Trust Co. Phlla
Checks mailed N orf office
Metropol T r Co, N Y
Guaranty Trust Co, N Y
International T r Co, Balt
Central Trust C o, N Y
Columbia Trust Co, N Y
Columbia Trust Co, N Y
New York Trust Co, N Y
Merc T r & S Dep Co,Balt
Guaranty Trust Co * N Y
O ffice, Phlladelpbls
Office, Philadelphia
Bankers Trust Co, N Y
do
do
do
do
do
do
do
do
p. 502; V . 74, p. 151; V. 75, p. 505; V . 77, p 1785: V . T8, 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 Pocahontas 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 such leases alone being shortly expected to be suf
ficient to almost meet the fixed charges. They are subject to call at 105
V . 73, p. 845.
since 1906 for a sinking fund of 2 Vi cents per ton mined
902; V . 74, p. 41, 380, 1197; V. 75, p. 502. These bonds are the Joint and
several obligations of the Railw ay Co. and of the Coal & Coke Co., but as
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
oovered by the 1st consol, mtge. aggregating 227 miles, and upon such ex
tensions and branches as may be acquired from the proceeds of the 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.
„ T „„
The conv. 4s o f 1907, o f which $25,569,000 were Issued 1907-10 (V . 83.
p. 380, 435, 575) are convertible Into common stock, $ for $, prior to June 1
1917, and thereafter subject to call at 105 & int.
T o Jan. 25 1917, $24,
191,000 bonds had been converted. V . 83, p. 1412. 1471; V . 84, p. 1248;
V . 86. p. 109. 286; V . 90, p. 772, 1425; V . 93. p. 1324. 1534.
Stockholders o f record Jan. 31 1912 subscribed pro rata for $13,300,000
20-year 4% convertible bonds, convertible into common stock, $ for $,
prior to Sept. 1 1922, and thereafter subject to call at 105 and int. T o
Jan. 25 1917, $12,859,000 converted. V . 94, p. 208. 417; V . 95, p. 687.
Stockholders o f record Feb. 17 1913 subscribed for $17,110,000 o f the
$18,353,000 25-year 4 H % convertible bonds offered at 1 0 2 The y are
convertible into common stock, $ for $, prior to Sept. 1 1923. and there
after sub. to call at 105 and int. Converted to Jan. 25 1917, S16,173,000;
In treasury. $1,213,000. V . 96. p. 360, 653. 948; V . 97. p. 666.
G E N E R A L F IN A N C E S .— O f the traffic in 1915-16. 68.27% (30,291.601
tons) was bituminous and anthracite coal: average rate per ton per mile.
0.426 cts.: train-load, 957 tons. In Dec. 1911 dividend rate was increased
to 6% . In M ar. 1914 sold $10,000,000 4 H % equip, trusts. V . 98, P
1,000, 1072.
E A R N IN G S .— For 6 months ending Dec. 31;
6 Jllos.—
Gross.
N et.
Other In c. In t.,Tax.,& c. Bal., Surp.
1916________ $30,307,924 $13,015,748 $1,270,897 $2,048,641 $10,808,004
1915............. 28,162,529 12,197,739
703,919 2.266,098
9,620.560
R E P O R T .— Report for 1915-16 in V . 103, p. 933, 942 (see edit. p. 886)
I t is proposed to change the fiscal year to end Dec. 31. Val. 104, p.362.
Year ending June 30—
1915-16.
1914-15.
1913-14.
2,059
2,042
2,036
M iles operated June 30______________
Passenger earnings______________
$5,796,583
$4,739,538 $4,906,679
36,550,550 38.038.622
Freight earnings........ ....................... 49,559,140
M a il, express, &c____ _______________
1,948,863
1,696,956
1,702,009
Tota l gross earnings________________$57,304,586 $42,987,044 $44,650,310
Operating expenses__________________ 32,181,346 27,831,815 30,135.407
T o ta l net earnings________
$25,123,240 $15,155,229 $14,514,903
Total net income.................................. $27,249,818 $17,198,463 $16,792,285
Interest on bonds, &c__________________ $4,354,683 $4,740,462 $4,564,134
Taxes, & c.............
2,068,454
1.879,766
1,620.364
Separately operated properties______
2,641
662
701
Dividends on preferred (4 % )_______
919,672
919,671
919,668
Dividends on common_________(7)4%)8,312,904 (6)6,476,622(6)6,260,924
Betterments ................
9.053,278
1,534.095
2,093,918
Miscellaneous rents, &c. (n e t)_______
Cr.68,493 Cr.171,858
190,592
Balance, surplus........................
$2,606,618 $1,819,043 $1,141,984
O F F IC E R S .— Pres., L . E . Johnson; 1st V.-Pres., N . D . Maher; V .-P .
(Finances), W in. G. MacDowclI; V .-P . (T ra ffic), T . S. Davant; Sec., E . H .
A ider; Treas., Jos. B . Lacy. Phila. office. Commercial Trust Bldg.
Directors.— Victor M orawetz, N ew Y ork; L . E . Johnson, N . D . Maher
and D avid W . Flickwir, Roanoke, Va.; W , G. M acdow ell. Joseph I. Doran,
John P. Green and W . W . Atterbury, Phlla.; Joseph W ood, Henry C . Frick,
Pittsburgh; M . C . Kennedy, Chambersburg, Pa.— (V . 104, p. 362.)
N O R R IS T O W N & M A IN L IN E C O N N E C T IN G R R .— Owns double
track road. 64 miles long. incl. bridge over Schuylkill River at Norristown,
Pa. Leased to Phila. & Reading R y . Jan. 1 1904 for 999 years at 4% on
stock and Int. on bonds. Reading Co. owns the $50,000 stock and guaran
tees the bonds.— (V . 75, p. 1148.)
N O R T H C A R O L IN A R R .— Owns from Goldsboro to Charlotte, N . C .
222.44 m.; Caroloigh Jet., N . C ., to Caroleigh M ills, 1.90 m.; total, 224.34
miles. Leased from Jan. 1 1896 to the Southern R y . for 99 years at $266,
000 (6 H % on stock) per year till Dec. 31 1901 and $286,000 (equal to 7%
onstock) 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 P E N N S Y L V A N IA R R .— Owns from Philadelphia. Pa., to Beth
lehem, Pa., 56.56 m.; Delaware River branch, 20.58 m.; Doylestown branch,
10.09 m.; total first track, 87.23 m.; total track, incl. 2d, 3d and 4th track
and sidings, 259.50 m. Leased for 990 years from M a y . 1 1879 to Phila.
& Reading R R . at 8% on stock, and lease assumed in 1896 by Phlla. &
Reading R y . Pres., Charles E. Ingersoll.— (V . 18, p.|668; V . 103, p. 2429.)
NORTH-EAST P E N N S Y L V A N IA R R .— Owns road from Glenslde to
N ew Hope, Pa., 25.64 miles; 2d track, 1.99 m.; total tracks, 33.05 miles.
Cap. stock, $400,000, o f which $318,950 owned by Reading Co.; par $50.
NORTHERN A L A B A M A R Y .— Sheffield to Parrish. A la., and branches
112.50 miles. In April 1899 a m ajority of stock and bonds purchased b
the Southern R y . V . 68, p. 824, 873. See also V . 69, p. 391.
96
R A IL W A Y STOCKS A N D BONDS
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101
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
IFor abbreviations, & c., see notes on firs t page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
N o r fo lk & W estern (Concluded) —
4g
J A J July 1 1944
• Dlv 1st Hen & gen M (text) g red 105 begin 1929-Gx 1,875 1904 S1.000&C $23,000,000
Bankers Trust Co. N Y
J
A D Dec 11941
Pocah Joint M $20,000,000 g call 105 s f-(IP .x c * A r
4g
do
do
1,000 17,407,000
1901
J
A J Jan 1 1922
Col Con A Term 1st M gold gu (end) a s s ----- M d.xc *
5 g
600,000
Metropolitan T r Co, N Y
4 1892
500
J A D June 1 1932
Convertible bonds $34,000,000 gold red t e x t ____(lx
1,378,000
4 g
Bankers Trust Co, N Y
1907 1,000 Ac
M A S Sept 1 1932
Convertible bonds text gold red _______ (l.x c ’ &r*
172.000
4 g
do
do
1912 1,000 Ac
do
do
text gold red___G .xc*& r*
967,000
4 )* g M & S Sept 1 1938
do
do
1913 1.000&C
J A J July 1 1960
Winston-Sal So’ b’d lstM$5,000,000 g gu U s.xc’ Ar*
4 g
1.000
5.000,000
United States T r Co, N Y
1910
89
Various June 1 1917
Equip tr Series M to O $100,000 each series y rlv .x
300,000
4g
1,000
Commercial T r Co, Pblla
’06-’07
do
Series o f 1914 g gu $500,000 s a
ve*
7,500,000
1,000
do
do
4M g F & A Aug ’ 17—A ug‘24
1914
M A S Sopt 1 1952
Norristown & Main L Con— 1st M g gu (end.) __ G P.kv
250,000
4g
1.000
Reading Terminal, Phlla
.64 1902
F A A Feb 1 . ’ 17 3)4 % Burlington, N C
4,000,000
7
North Carolina— Stock 7% paid from rental..............
100
22C
5,523,050
Q— F
Fob 26 ’ 17 2% Office, 240 S 3d St, PhUa
8
50
North Penn— Stock 8% gu 990 yrs $6,000,000 a u th ..
87
1,500,000
4
M A N May 1 1936
Old second M (now 1st) (7s extended in 1896) ..k v o
500 Ac
do
do
57 1866
4,500,000
3.3g J A J Jan 1 1953
General mortgage extend. In gold in 1903-FP.kvcAr
do
do
87 1873 ..............
408,000
4g
M A N N o v 11928
Funding loan bonds $409,000 gold . .
. kv
Reading Terminal, Phlla
1898
5 EastAPenn— 1stpr gold gu P & Reading Terminal, Phlla
A O A M 11920
1,000
400,000 North g
___(lu P.k vo*
It
25.6 1890
N orth & S ou th C a ro lin a — Seo Seaboard A ir Line
1,650.000
J A J July 1 1928
1,000
5
J P Morgan A Co. N Y
112 1896
Northern A labam a— 1st M($350.000 prior lien) C ol xo
3,068,400 6 in 1916 Q— J Jan 2 1917 1)4 50 Congress St, Boston
100
Northern (N H )— Stock 6% rental_____ _____________
83
Northern California Ry— Seo Southern Pacific R R —
50 27,077,150 8 in 1916 J A J Jan 15 1917 4% Treasurer’s Office, Balto
Northern Central— Stock ($27,079,600 auth) (see text)
1,500,000
6
Q -J 2 7 Irredeemable
do
do
144 1855
First mortgage State of Maryland loan (V 74, p 1197)
1,000
1 757,000
4)4 g A A O A pr 1 1925
114 1885
do
do
Consol general mortgage of 1874 gold Series E — xo
3,565 000
1.000
. T A J Jan 1 1926
144 ’76-’82
5
do
do
Second gen M Ser “ A ” & " B ” (A $2,565,000) .. F P x
500
207,000
4g
J A J Jan 1 1940
16.9 1910
Bk Br N A m .N Y .M o n .A L
Nor New Brunsw & Scab— 1st M g gu $390,000 auth.
___ ____
100
1,000,000
4
Q— M M a r 1917 1% 50 Church St, New York
Northern o f New Jersey— Stock guar (see V 69, p 81)
21 1887
100 Ac
654.000
J
A J July 1 1917
6
do
do
Third mortgage (now first) Interest guaranteed— c
___ 1900
1,000
154,000
A J Jan 1 2000
Gen mtge $1,000,000 g Int guar by lease— Usm.xo*
4M g J
do
do
162 1895
1,000
2,500,000
A A O Oct 1 1945
Northern Ohio— 1st M g ($15,000 p m) gu p & I.Ce.xc*
5 g
Chase N a t’I Bank, N Y
___ ____
100 248.000,000 7 In 1916 Q— F Feb 1 1917 1JT J P Morgan A Co, N Y
Northern Pacific R y— Stock $250,000,000 authorized
St Paul & N P g e n M land grant assumed.Ce.xc*&r
182 1883
1,000 l 7,549,000 / 6 g
F A A Feb 1 1923
J P Morgan A Co, N Y
182 1883
do
do
registered
....................... x
1,000 /
do
do
Q— F
Feb 1 1923
l
6 g
Wash A Columbia R iver 1st M gold assumed.F.xc*
163 1895
1,000 b2,620,000
J A J July 1 1935
Office 34 Nassau St, N Y
4 g
M ortgages of Northern Pacific Railway—■
Prior Hen M $129,537,000 gold land gr.Ba.xc*<3cr See z
500 Ac 112,085.500
1896
J P Morgan, New Y ork
4g
Q— J Jan 1 1997
General lien M $190,000,000 gold land g r .K x c '& r See z
500 Ac aOO.OOO.OOO
do
do
1896
Q— F Jan 1 2047
3g
St Paul-Duluth D lv pur money M $20,000,000 G.xc*
226 1900
1.000
do
do
8,080.000
4g
J A D Deo 1 1996
p Berlin at 4.20.marks per dollar, z 5.130 miles. In cludln g 40 m He3 not 0 peratea; sp urs, 261 miles
Of which In treasury June 30 1915:
j a 5,39 8.500. b 2.480, 000.
Stock Is $2,000,000. Under supp. mtge. of 1898 $400,000 of tne out
standing $1,700,000 1st 5s were made prior Hens. V. 67. p. 1208. In year
ending June 30 1916, gross, $668,624: net, after taxos, $247,959: other
Income, $54,721; bond int., $82,500; rentals, &c., $140,624; bal., dof..
$79,556— (V . 69, p. 28.)
NORTHERN (N. II.) R R .— Owns Concord, N . H ., to W hite R iver Jot.,
V t., 70 m.; branch to Bristol, N . H ., 13 m.; total, 83 m. Subsidiary Hues,
Concord A Claremont U R ., 71 m.; Peterborough A Hillsborough R R ., 19 m
Lease to Boston & Low ell for 99 years from Jan. 1 1890 was assigned to
Bos. & Me.; rental was 5% on stock 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 1901, J4% extra. In April 1911 Bos. A Me. received authority
o purchase stock. V . 92, p. 1108.— (V . 65. p. 463; V . 78, p. 2385.)
N O R T H E R N C E N T R A L R Y — Owns Baltimore, A id ., to Sunbury, Pa.,
136 miles, all double track; branch, 8 miles; total, 144 miles. Leases o f
Shamokln Valley & Pottsvllle R R . and Elmira & Williamsport R R . wore
assumod by Penn. R It. In 1914.
The stockholders on Nov. 2 1910 voted to lease road to Pennsylvania UR.
for 999 years from Jan. 1 1911, the holders of the $19,342,550 stock to
receive a stock dlv. of 40%; also 10% In cash from treasury assets and a
ruaranty of
154 :i:n 404.
guaranty or 8% on an tne scocu uuring tne lease. V. <n, p. 154, 337. 404,
all the stock during the Lease, v . 91,
871,1026. Th e lease went ------- —
----------------. Into effect in July 1914. -- 99. p. 343 4 0 -V.
-------~
171,1026.
V. - 91r p. 1768; V. 92, p. 527, 1109, 1179. 1243, 1566; V. 93, p. 45, 286: V. 96.
)1,
“'
>. 572; V. 102, p. 2342. As to State o f A id. 1st A I. o f 1855, see V. 102, p.
Fo60,i250.
S E C U R IT IE S O W N E D .— On Jan. 1 1916 among the assets held were
Elmira A Lake Ont. stock (all), $1,500,000: Sham. Val. & Pottsv stock,
$619,650; Union R R . stock, $1,225,000 (the bal. of $875,000 being held by
Phlla., Balt. & W ash.), &c. Also Southern Pacific C o., S I,848,700 (ex
changed In July 1913 for Balt. & Ohio stock.
STO C K .— Penn. R R . on Jan. 1 1916 owned $14,808,050 of $27,077,150
outstanding stock. The auth. Issue was Increased In N ov. 1910 from
$20,000,000 to $27,079,600
A 40% stock dlv. ($7,737,000) being paid
Aug. 6 1914 under lease; see above. V. 91, p. 1630; V. 98, p. 1695; V . 99.
p. 271, 538.
D IV S .—
’88. ’89. ’90. '91. ’92. ’93. ;94-’00. ’Ol-’ U.Sfnce under Lease.
8
8
7
8
8 7 yrly. 8 y rly .*
8 yearly.
P e rc e n t----- 7
♦ A ls o Jan. 1907, 12)4% paid In stock ($2,149,169). V. 83 p. 471.
Also 10% oxtra In cash and 40% In 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 E P O R T .— Report is Issued each year, but no operating figures aro
given for the reason that the road is now under leaso, and Its income Is dorived entirely from that sourco.
Report for 1913 in V. 98 n 604 616.
— (V . 102, p. 609. 1060, 1250, 2342.)
JO’ p ’ w k '
NORTHERN N EW B R U N S W IC K & SEABOARD R Y .— Extends from
Iron mines of Canada Iron Foundries, L td ., near Bathurst New Bruns
wick, Canada, to NIpisiquit Junction, on the Intercolonial 16 9 miles.
N o t operating in 1916. Bonds auth., $390,000 at $15,000 per mllo guar
by Province o f Now Brunswick and Canada Iron Corp.— (V . 90, p. 1491.)
NORTHERN R R . OF NEW JER SE Y.— Owns from Croxton N . .1., to
Spark 1 1 N . Y ., 21 m.; leases Sparklll to Nyack, 5 m. Leased to the Erie
1,
R R . from June 1 1899 for the terra of Its corporate existence for Interest
on bonds. 4% on 51-000.000 stock payable quarterly, taxes/ and all coroorato expenses. Of the $1,000,000 new 4 H % gen. mtge. bonds. 5G54 000
are reserved to retire Gs due July 1 1017. See V. 69, p. 81.—■( v 71 p 30*)
„ N O RTHERN R Y . COSTA R IC A
V 71, p. 1067. and United Frul
Co. (V . 92, p. 527; V. 93, p.527, V. 94, p.560; V.95. p. 544; V. 100, p. 643.
NORTHERN OHIO R A IL W A Y — (See M ap Lake Erie & Western.) —
Owns Akron to Dclphos, O., 162 miles
Leased for 999 years to L . E. A VV„
which guarantees bonds (V. 02, p. 826) and owns the S3.5S0.000 common
stock, 2,100 pref. stock. Prcf. non-cum. 5% stock, $650,000; par, $100.
Alortgago fo r $4,000,000; Sl.oOO.OOO reserved for extensions at .$15,000
per mile.— (V . 66, p. 337.)
N O RTHERN P A C IF IC R A I L W A Y — (See -Maps.)— Operates one of the
leading lines to the Pacltlc, having Its eastern terminal at St. Paul, Minn ,
and Duluth, Minn, (the head of Lake navigation), and running thonco 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
M a in Line—■
Miles. ' Leased ' to Others—
J
M iles.
Ashland, W ls., to Portland,
To other companies______ __
112
Ore. (Incl. 5 in. terminals) ..2,171 T o Province of M anitoba.......... 289
N ot operated...... ......................
24
Bralnerd and Staples to St
P a u l................................... 180
Other lines................................. 531
T o t. (Incl. 187 m. tra ck agel& cjToio
Controlled Properties—
Total main lin e..................... 2,882 Minn. A Intern. (V . 77, p. 451) 179
Various branches....................... 3,622 Other companies........................
34
Total, Incl. 5 miles trackage
5
Total system June 30 1916 7,143
(operated d ir e c tly ^ ..........6.505 Second track.............................. ggg
In 1916 completed two lines aggregating 21)4 miles In Washington.
The Manitoba branches, aggregating 351 in., 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 Urst 10
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
$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 A Se
attle R y ., extending from Portland to Spokane, Wash., with branches;
total, 556 miles; additional properties being acquired In 1911— see that co •
•eo V. 81, p. 1101; V. 83, p. 1111; V. 86. p 1530. The Sp. Port. A Seattle
owns m ajority o f the stock o f the Orogon Electric and United Rys..of Port
land. V. 91, p.1178. Tw in C ity Belt lty ., org. in 1917. See V .104,p.560.
i
. In 1909 arranged for Joint use of Co’s line, Tacoma to Vancouver, W a sh .,
135 m.. with Gt. Nor. and Un. Pac.: V 88, p. 1373; V . 93, p. 1030.
In 1912 the Alldland R y . of Manitoba, formed In the Joint Interest of th e
company and the Great Northern, obtained trackage rights from the Cana
dian Northern R y . between Emerson, Man., and Winnipeg, 68 miles, fo r
20 years, with provision for 999 years. V. 95, p. 298, 1129; V. 97, p. 1038
H IS T O R Y .— This Wisconsin company on Sept. 1 1896 succeeded to the
railroads, land grant and other property of the Northern Pacific R R .,
foreclosed In July 1896 and reorganized per plan In V. 62, p. 550.
The original Northern Pacific Company was chartered by Congress July 2
864: 450 miles to Bismarck were foreclosed In 1875
^ D IV ID E N D S .— (1905. 1906. 1907. 1908 .1909.
1910 to Fob 1917
On common (% )_ _ _ , 7
7
7
7
7
7 yrly. (1 % % Q -F )
•Also Deo. 1908, 11.26% from surplus of N. W . Im pt. Co. V. 87, p. 1238.
B O N D S .— Th e Refunding and Im provem ent M ortgage o f 1914 covers
6,271 miles o f road, on 847 o f which it Is a first lion. I t is an open m ortgage
and not limited to any specified amount, but the bonds at any time out
standing are limited to three times the outstanding capital stock, now
amounting to $248,000,000. When the amount o f bonds issued thereunder
(bearing intorest at rates to be fixed) reaches $500,000,000, further issues
must be limited to 80% o f the cost o f now property placed under the m tge.
Bonds o f any series m ay be made redeemable before m aturity or convertible
at the election o f the holders Into capital stock on terms and dates to be
fixed. O f the bonds, $421,492,500 are reserved to retire. $ for $. prior
bonds (including N or. Pac.-Great N or. joint bonds,) at or before maturity.
In July 1914 $20,000,000 Series A 4)4s were sold to retire $10,000,000 6%
notes and on account o f Improvements, redeemable as a whole at 110 and
Int. on or after July I 1919 at 110 and int. V . 99, p. 120, 271.
A b stra c ts o f new prior Hen and general Hen mortgages o f 1896 were In
V. 63, p. 1012-1019. 1072: soe V. 99. p. 49.
P rior lien 4s purchasable with land sales at not exceeding 110
(but not subject to call), not over $500,000 cash yearly to
bo so applied. Total Issue, $136,000,000; Issued___________ $112,615,500
Originally reserved, but no longer issuable_____________________
298,350
Issued, but purchased and canceled...........................................
7,736,150
Reserved to retire St. Paul A N. P. bo n d s____________________
7,806,000
For new construction, betterments, equipment, Ac., under
carefully guarded provisions, but not exceeding $1,500,000
per annum. Originally $25,000,000— still held....................
1,000,000
Of the gen. lien bonds, $130,000,006 are reserved to retire the prior lien 4s.
The St. Paul & Duluth Division mortgage secures $20,000,000 purchase
money bonds on the former St. Paul A Duluth, of which $9,215,000 were
Issued to acquire the road, $5,283,000 are 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 form er St. Paul
& Duluth aro being sold and proceeds applied to purchase o f the bonds at
not over 105 and Int., or, If not purchasable at that price, then to better
ments, Improvements or additions to the mortgaged premises or equlpmen t
therefor. T o July 1915 $2,339,000 had been thus purchased and canceled.
V, 71, p. 1167; V. 72, p 339.
L A N D G R A N T .— The land grant was 12,800 acres to the mile In th e
States of Minnesota and Oregon and 25.600 acres per mile In the (then)
intermediate territories. Unsold on Juno 50 1916, 6,586,898 acres, viz.:
352,051
M inn., N o. Dak. & W is e .. 29,827 I Idaho______________________
W y o m in g _________________
49,454 j W ashington_______________1,706,753
Alontana__________________ 4,241,2711 ro g o n ____________________ 189,812
O
Sales In 1915-16, 1,283,068 acres. Consideration, $6,432,518.
F IN A N C E S .— In 1904 Nor. Pac. and Gt. Northern had acquired $107.
812.600 of the $ll6,839.1()0 stock of Chlo. Burl. A Quincy R R . 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. See circular,
V. 72. p. 871. 1034, 1135; V. 73, p. 294. 610: V. 85. p. 601. In July 1914
sold $20,006,600 Ref. and Im pt. 4 )4 % bonds.
E A R N IN G S .— 6 m os.,fl916____ Gross, $43,742,766: net, $18,572,802
July 1 to Dec. 31. 11915____ Gross, 39,400,653; net, 17,533,810
R E P O R T .— For 1915-16, in V . 103. p. 1405, 1588.
Years ending June 30—
1915-16.
1914-15.
1913-14.
Average miles_____ __________________
6,501
6,461
6,325
Freight earnings......................
$55,656,395 $43,833,636 $18,155,832
Passenger earnings___________________ 13,852,254 13,619,113 15,707,000
M a ll, express, A c ........ ............
6,430,582
5,718,904
6,586.743
Total operating rovenue____
Oporating Income (over taxes)
Other Income_________________
$75,939,231 $63,171,653 S70,440,575
$30,403,190 $21,588,404 $22,336,534
. 8,479,258 10,442,959
5,650,124
Gross Income_______________
Rentals paid_________________
Interest on funded debt______
Aliscollanoous________________
Dividends on stock (7 % )____
.$38,972,448 $32,031,453 S27.086.658
.
$720,912
$668,768
$611,895
12.303,326 12,294,400
7,563,449
156,067
.
218,335
245,46.5
. 17,360.000 17,360,000 17,360,000
N ot surplus for year_______________ $8,369,874
$1,462,820
$2,295,247
D IR E C T O R S .— William P . Clough (C hairm an), Jule M . Hannaford
(Pros.). Arthur O. James. George F. Baker, William Sloane, J. P. M organ.
Lewis Cass Ledyard, Charles Steele, James N . H ill, Amos Tuck French,
W m . S. To d , Thomas W . Lamont, Geo. F. Baker Jr.. Payne W hitney,
Grant B. Scnloy, Crawford Livingston. E. A . Gay Is Sec. N . Y . o ffice ,
34 Nassau St.— (Y . 103, p. 1405. 1588, 1608: V. 104, p. 560.)
NORTHERN P A C IF IC T E R M IN A L CO. OF OREGON.— Owns terminal*
on the Willamette R iver, Ore., at Portland, East Portland and Albina,
comprising 270 acres land, 40 ra track, dock frontage 7.904 feet.
L E A S E .— Leased for 50 years from Jan. 1 1883 Jointly and severally to
Northern Pacific, Oregon R y . A Navigation and Oregon A California, with
102
R A IL R O A D C O M P A N IE S
[F or abbreviations, £
be., see notes on firs t page]
M iles Date
Road Bonds
N o rth ern P a c ific R y .— (Concluded) —
G B & Q coll tr M g (red at 105)
share
do
do
reg istere d ......................... r*
R e f and Im pt M gold ($, £, fr) red t e x t -.G .c ’ &r* 6,271
Bonds Underlying St Paul & Duluth D iv Mtge167
St Paul & Duluth first mortgage assumed--------zc*
167
Second mortgage assumed................— Ce.zc*
238
Consol m tge assumed $5,000,000 gold -.M p .zc*
30
Northern Pac Term Co— First M gold red 110 --F.xo*
Northern Railway (Cal)— See Southern Pacino R R .
Northern Securities— Stock $3,954,000--------- - - - —
8
Northwestern Coal Ry— First M guar (end) gold.F zc*
511
Northwestern Pacific— Stock ($35.000,000)------------F
40
Cal Northvv 1st AI g guar by S F & Nor Pac sk td _z
165
San Francisco & N or Pacific 1st M g s f . . B a.zc*& r
Is t& R e fM $35,000,000 g red 110 aft 10 y r s .F .x c '& r
*76
N o rth w e stern R R o f Sou th Caro— First cons M — x
do
equipment gold bonds_________________
Northw Term Ry— 1st M gold red----------------- Ba.c*
Norwich & Worcester— Preferred stock 8% r e n ta l...
Bonds (not mtge) lnt guarunderlease, c u r ----- zc&r
Norwood & St L— 1st M $300,000 g red 110 1912..Eqx
Ocean Shore RR— 1st M S5.000.000-----------------------O cilla S ou th R R — 1st M $500,000 g red 110-xc*5cr
Ogden Aline R R — Stock (5% rental Central of N J )_ .
Ogdensburg & Lake Champlain Ry— See Rutland R R
Ohio Conn R y — 1st M $2,000,000 g gu (te x t)----- Fxo*
a This Is only one-half tho outstanding issue; see Chi •cago
1901
1901
1914
1881
1887
1898
1883
1893
1898
1889
1907
1914
1914
1906
1897
1902
1914
1903
Amount
Outstanding
Par
Value
%
l.OOO&cl 107.613,500
See “ A ” 1
1.000&cJ
100&c 20 ,000.000
1,000
1,000
1,000
1,000
1,000,000
2,000,000
1,000.000
2.916.000
Rate
%
1,000
1,932,000
When
Payable
Last Dividend
and M aturity
J & J July 1 1921
4g
Q— J July 1 1921
4g
4 H g J & J July 1 2047
5
5
4g
6g
3.954.000 2 In 1916
100
6g
2,000
1,000
100 35,000,000
934.000
1,000
5e
3.621.000
5g
1.000
4M g
1,000 &c 23,486,000
360.000 4 & 5
1,000
5
15.000
2.167.000
5g
1,000
3,000,000
8
100
1.200.000
4
1,000
101.000
5g
500 &c
nil Feb 1917
6 g
416.000
1,000
5
450.000
100
4g
F
A
J
J
&
&
&
&
M
Jan.
&
A Aug 11931
O Oct 1 1917
D June 1 1968
J Jan 1 1933
Places Where Interest and
Dividends are Payable
do
do
do
N ew Y o rk , 5cc.
doj
J P Morgan & Co, N Y
do
do
do
do
W lnsIow.LanlerA Co.N Y
•Jan 10’ 17 3 H % Checks mailed
Farmers’ L & T Co, N Y
May 1 1923
A & O A pr
J & J Jan
M & S Mch
A & O Aug
A pril 1 A pr
J
& J July
Q— J Jan
M & S Mch
A & O Apr
San Francisco
11928
New York and Frankfort
1 1919
New York
1 1957
Safe Dep & T r Co. Balto
1 1964
do
do
11919
Bank T r Co. N Y & Den
1 1926
1 1917 2% Mech Nat Bk, Worcester
Company’s office, Boston
1 1927
W a tertow n (N Y ) Ntft Bk
11932
Chath B & Sav T r Co.Sav
Jan 1 1934
Jan 1917 2 >4% 253 Droxol Bldg, Phlia
M
&
S Sept 1 1943
Ponn R R C o. N ow Y ork
Burlin gton\fc Q ulncy.
3uaranteed rental to pay Interest, sinking fund and taxes; leases assumed
in 1899 by new Nor. Pac. and Oregon R R . & Nav. V. 69, p. 230.
STO C K .— Stock ($3,000,000) owned by said three companies (40% by
Oregon R y. & Nav. Co., 40% by Nor. Pao. and 20% by Oregon & Cal.
R R .), and held by Central Trust Co. of New York, to be delivered after
payments to the sinking fund, which Is to cancel the bonds.
B O N D S .— Th e first m tge. Is for $5,000,000; In Juno 1916 $4,323,000 had
been issued, o f which $1,107,000 retired by sinking fund drawings at 110
and interest.— (V . 103, p. 494; V. 104, p. 257.)
N O R T H E R N S E C U R IT IE S CO.— In 1904 tho capital stock was reduced
from $395,400,000 to $3,954,000. tho par value o f shares to remain at $100
pending completion o f dissolution. V. 78, p. 1168, 1223,1275. 1392; V . 76.
p. 811, 919, 1249. Report Tor cal. yoar 1916 was in V. 104, p. 358.
D IV ID E N D S .— On stock as reduced 5% yearly 1906 to 1908; 1909, 4% >
1910, 2>s%; 1911, 4% ; 1912, 3% : 1913 to 1916, incl., yearly Jan. 11, 2%
1917, Jan., 3 }4 % . V. 103, p. 2238.
O F F IC E R S .— Pres., E . T . Nichols; Sec. & Troas., Nicholas Torhuno.
Office, 26 L ib erty St., N . Y . — (V . 100, p. 306; V. 102, p. 251; V. 103, p.
2238; V. 104, p. 358.)
’ ’ N O R T H W E S T E R N .” — Soe Chicago & N orth Westorn R y .
N O R T H W E S T E R N C O A L R Y .— Allouez B ay, W is., to Allouez Jet.
W is., 2.53 miles, with coal wharf covering about 80 acres o f land. V. 71
,. 698. Owned by tho Pittsburgh Coal C o., which guarantees the bonds.
„eo official statement, V. 71, p.698. Capital stock, $100,000- In 1915-16,
l
gross, $54; o p .k
def., $l,698;;itaxes, $1,675; d e f.,$3,319.— (V . 71 ,p.698.)
NO RTHW ESTERN P A C IF IC R R .— {See M ap Atch. Top < S . F .) —
fc
Operates a system extending from Point Tlburon and Sausallto, Gal.
(whence ferry to San Francisco, 6)4 miles), northerly to Eureka, with
branches, 507 miles in all. Incorp. Jan. 8 1907 In the Interest of Southern
Pac. and Atch. Top. & San. Fe, which each owns $17,500,000 stock, and
took over by consolidation the Cal. & N. W ., the San Fran. & Nor. Pao.,
North Shore R R ., San Fran. & Northwestern. Eureka
Klamath River
and Fort Bragg & Southeastern. A connecting lino o f 106 miles built from
Willits to Shively. V. 95, p. I l l ; V. 96, p. 1489.
B O N D S .— Cal. N . W . 5s Issued at $25,000 per milo; s. f. $5,000 yearly,
bonds drawn at 110 and int. San Fran. & North. Pac. 5s issued at $25,000
per milo; s. f. $25,000 yoarly; bonds drawn at 110 and int. (m tge. abstract,
O f9th o 'ls t & refund. 4 H s o f 1907 ($35,000,000 auth.), $23,196,000 was
4
outstanding Dec. 1916. $23,322,000 being owned by Sou. Pac.: tho mtge. re
served $6,676,000 to retiro a like amount o f underlying bonds, $5,000,000
for impts. and equip, and $13,324,000 for new construction, incl. lino from
Shively to Willits and from Wendling to connection with main lino at
Healdsburg; s. f. $10,000,000 yearly; bonds drawn at 110. V. 84. p. 221,
694: V. 85. p. 222; V. 96, p. 1773; V. 98. p. 1316. In Feb. 1916 Cal. R R .
Commission sanctioned the Issue of $1,867,000 additional 4 H s on account
o f W illits to Shivcloy lino, &c., o f which $1,087,000 have been Issued.
E A R N IN G S .— 6 mos., /1916_______ Gross, $2,582,180; not, $967,357
July 1 to Doc. 31.
\1915_______ Gross,
2,386,216; not,
883,137
Y ea r ending Dec. 31 1916, gross, $4,515,562; net incomo, aftor taxes,
$1,445,587; other incomo, $139,417; fixed charges, Sl,437,140; bal., sur.,
$146,874.— (V . 102, p. 886.)
N O RTHW ESTERN RR. OF SOUTH C A R O L IN A .— (See M ap Atlantic
Coast L in e .)— Wilson Mill, S. 0., via Sumter to Camden. 62 5 miles; branch,
M illard to St. Paul, 3.5 m.; M annville to Rose Hill, 9.5 m.: trackage. 5 rn.:
total, 81 miles. Stock, $100,000. Dividend, 6 % , paid yoarly Dec. 1900
to 1902; 1903 to 1905. 6% : 1907 and 1909, 4% ; 1910, 5% ; 1911 and 1912.
6% ; 1914, 4% ; 1915, 5% : 1916, 6% . O f 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; lnt., rentals, & c., $23,121;
d iv ., $6,000; bal., sur., $5,201. Car trusts outstanding, $15,000.
N O RTH W ESTERN T E R M IN A L R Y .— Owns terminals covering 30 acres
at Denver and 102 acres of right of way In that city, and 100 acres o f freight
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
stock, rontal covering Interest on bonds, operating expenses and taxes.
V. 98, p. 913. Bonds ($3,000,000 auth. Issuo) are redeemable at 102 >4.
V . 89, p. 994; V. 90. p. 503. Denver Laram ie A N . W . also uses facili
ties.— (V . 98. p. 913.)
N O RW ICH & WORCESTER R R .— Owns from Groton, Conn., to W or
cester, Mass., 71.04 miles. Leased to New England R R . for 99 years from
Feb. 1 1869 (now N . Y . N . H . & II.): rental 8% on pref. stock.— V .70,p.125.
NORWOOD & ST. LA W RE N C E R R .— Norwood to Waddlngton. N . Y ..
20 miles, Incl. extension, 13 m., opened July 1909. Stock, $100,000: par
of shares, $100. Bonds aro subject to call at 110 since April 1 1912. V. 95.
p. 1542. Yoar ending Juno 30 1916, gross, $92,639; not, $47,118; bond
int., $5,000; taxes, rentals, A c., $20,480; bal., sur., $21,639. Pres., John
Weekes; Treas., H . Smith; Syc., J. A . Remington.— (V . 95, p. 1542.)
OCEAN SHORE R R ., C A L IF O R N IA .— Owns partly constructed road,
double-track, to extend from San Francisco, Cal., to Santa Cruz, 80 miles,
of which 38 miles south from San Francisco and 15 Vi north from Santa Cruz
Is completed, leaving gap of 2 6 H miles. Incorporated Oct. 9 1911 as suc
cessor o f Railway Co. foreclosed Jan. 17 1911. Stock, $5,000,OOO, o f
which $3,812,700 outstanding Dec. 1915. given to bondholders o f old com
pany in exchango for their securities. V. 96, p. 1229. Reported assess
ments: In 1913, $388,000; 1914, $768,904: 1915, $998,848; 1916, $3 per
share. V . 101. p. 1189; V. 103. p. 2238. Th e stockholders on Jan. 5 1914
authorized an Issue o f $5,000,000 bonds. V. 97, p. 1505; V . 98, p. 236,
611: V. 99, p. 748. Earnings for cal. year 1915 wero: Gross, $231,246;
oper. def., $56,475; othor incomo, $2,399: deductions, $22,095; bal., d c f.,
$76,171. Pres., F. W . Bradley; V .-P . & Gen. M g r., John G. Sutton; Sec.
& Treas., J. W. Crosby. Office, 52 11th St., San Francisco, C al.— (V .
101, p. 1189; V. 102, p. 67; V. 103, p. 2238. )
[V o l . 104.
RAILWAY STOCKS AND BONDS
O C IL L A S O U T H E R N R R .— Owns Porry to Nashvillo, G a.. 110.4 in.
Leases Ocilla to Irwinville, 8.2 m. and Ocilla to Fitzgerald, 11.6 m. Pro
jected and surveyed from Perry to Macon, 28 miles.
Stock auth., $1,000,000: outstanding Juno 30 1915, $265,000. O f the
bonds $84,000 is reserved to purchase a connecting link o f 11 miles betweon
Ocilla and Fitzgerald, Ga. For yoar ending Juno 30 1916, gross, $131,
452; not, $2,038; 1914-15, gross, $93,491; not, $18,018. Pros., J. A . J.
Ilondorson; V .-P .-See., F. W . Clark; Troas., J. I I . Calais.— (V . 101, p.
1553; V. 102, p. 1347.)
OGDEN M IN E R R .— Owns Nolan’s Point (Lake Hopatcong) to Sparta
(or Ogden Mine), N . J.. 10 miles. Leased for 999 years from Jan. I IS82
to Central R R . of N . J. for 5% per ann. on stock and $500 y rly. tor o r g .e x p .
OHIO CONNECTING R Y .— Owns bridge over Ohio River near P itts
burgh, Pa., and approaches, 9.07 miles. Leased from Oct. 20 1890 for no
definite time to Pitts. Cincln. Chlo. & St. Louis R y.: rental, net earnings.
Stock Increased in Deo. 1902 from $1,000,000 to $2,000,000, In $50 shares.
Bonds are guaranteed as to principal and Interest by endorsement by Penn,
sylvanla Company, which on Jan. 1 1917 owned the entire stock. Form of
guaranty, V. 81, p. 669. Divs. in 1906. 5% ; 1907 to 1914, 7% ; 1915, 5%
1916, 5% . For cal. year 1915, gross, $388,937; not, $142,568; rontal from
operating company, $174,749; charges, $81,728; divs. (5 % ), $100,000; bal.,
dcf., $6.980.— (V . 82. p. 752.)
OHIO & K E N T U C K Y R Y .— Owns from L ex. & East. R y . at Jackson,
K y ., to Canncl C ity, K y .
Rcceivor was discharged in 1916. V. 103, p,
2238. Common stock, $200,000; prof, stock, $100,000. 1st M . bonds aro
guaranteed bv Kentucky Block Cantiol Coal Co. Yoar ending Juno 30
1916. gross, $37,081: net, $17,577; int., taxos, &c., $29,063; bal., def.,
$11,487. Pres., L. I ’ . Yandell, 1 Broadway, N ow Y o rk .— (V . 98, p. 1695;
V . 103, p. 2238.)
O IL B E L T R Y .— Bridgeport to Oblong, 111., 25 miles, and was to be
extended 80 miles, making a total o f 105 miles from Charleston to M b.
Carmel, 111. Foreclosure sale set for July 14 1916. V. 103, p. 239, 407.
Steam and gasoline electric cars. Stock, auth., $2,500,000 outstanding,
$525,000; par, $100. Bonds ($2,500,000 auth. Issue; Fort Dearborn Trust
& Savings Bank, Chicago, trustee), of which $500,000 cover first 25 miles,
and were held in the treasury Jan. 1915. V . 96, n. 286. Pres., W . E .
Finley; Sec.-Treas., T . M . Mooney. Office, Bridgeport, 111.— (V . 96,
p. 286 V . 103, p. 239. 407.)
O K L A H O M A C E N T R A L R R .— Owns Lehigh, Okla., to Chickasha, 133.02
miles. Successor Aug. 1 1914 o f Railw ay o f same name foreclosed July 31
1914. per plan V. 98, p. 1845.
Tho Atchison Topeka & Santa Fo has leased the road for fivo years
from Aug. 1 1914 with privilege o f ronewal for anothor fiv o years, the
lessee to pay maint., taxos, &c., and $60,000 yearly tho first 3 years,
$77,500 tho 4th and 5th year and $100,000 per year if lease is ronowed.
Tho commltteo has granted an option to tho lessee to purchase all o f the in
come bonds and stock o f the now company (a) during tho first 3 years of
the loaso 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 rontal
to bo paid during the first 3 years will cover only Interest on tho 1st M ., no
Interest can bo paid on tho incomo bonds; after 3 yoars, the oxcoss rental
can be applied toward the income lnt. V. 99. p. 408; V. 101, p. 846.
OLD COLONY RR. (M A SS.)— Owns road from Boston to Provlncetown,
Mass , Newport, R . I., Ac., 533 miles; leases 101 miles
In June 1907 a
bill was passed permitting purchase of Boston & Provldonco (leased lin e).
L E A S E .— In 1893 leased to New York New Haven & Hartford for 99
years. Of the stock, $9,813,200 was on Juno 30 1915 held by tho lessee.
The lease provides for dividends o f 7% per annum ou stock not exchanged.
V. 76. p. 247, 374; V. 93, p. 1726. 1789; V. 94, p. 68.— (V . 103, p. 1211.)
OREGON & C A L IF O R N IA R R .— (See M ap Southern P a c .)— Portland,
•e.,
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. Oro., to
AIrleo, Ore., 74 in.; M ohawk Jet. to Wendling, 16 m.; Salem to Goer, 7 m.:
Springfield Jet. to Tallman, and branches, 54 m.: leases, 11 m.; lines owned
I
.
i\ r
1rn „ 1 0 1 7 ^ mwwtml iw
o f Orn Sr. Dill
Eastern R y. C o., 107.76 m.: W illam etto Pacific R R . C o., 73.39 m.; total.
468.83 m.; Willam etto Pacific R R . not operated, 67.02 m.; bal., 401.81 m.
L E A S E , Ac.— Leased to Southern Paciilo Co. for 34 years from A ug. 1
1893, the lessee guaranteeing Int. on tho bonds and the lessor receiving any
net prollt and being charged with any deficit after payment of charges.
Betterments are payable by lessor. South. Pao. owns all Imt $47,000 of
the 519,000.000 stock, $12,000,000 of which Is 7% pref. V . 72. p. 287. Due
So. Pac. Juno 30 1916, $5,094,008. Tho U. S. Supremo Court on Dec. 9
1915, in tho G ovt, suit involving 2,300,000 acres in Westorn Oregon, per
manently enjoined tho sale o f lands except to actual settlors in quantities
not greater than 160 acres and at over $2 50 per acre. V. 102, p. 67,154,
1061, and (So. Pa c.) 1347.
,
B O N DS.— Land grant acreage unsold Juno 30 1916, 2,3h3,440, part be
ing covered by the mtge., proceeds of land sales going to redeem bonds
(subject to call at par). The Southern Paclflo guaranty of principal and
Interest is printed on each of the 5% bonds. See V. 63, p. 754.
E A R N IN G S .— Y ear ending Juno 30 1916. gross, $8,934,753; not,
$1,368,250; other incomo, $202,015; Interest, &c., $1,916,516; bal.. def..
$364,995.— (V . 101, p. 48, 371; V. 102, p. 67. 154; V. 103, p. 1211.)
O R E Q O N P A C IF IC & E A S T E R N R Y .~ C o tt a g o G rove to DIsston.
20 m.; branches, 4 m. Successor Jan. 1914 to Oregon & Southeastern R R ..
foreclosed. V. 90. p. 1297. Stock auth., $700,000 com. and $300,000
pref.; outstanding. $200,500 com.; par, $10. Bonds, Union Trust C o., San
___
Francisco, trustee. See table above. V .98, p. 237.
For yoar ending Juno 30 1915, gross, $23,791; not, after taxos, $1,840;
Int., &c., $5,495; bal., def., $3,655. Pres., G. B. Hunger. Monadnock
Block, Chicago; Sec., J. B. Protzman; Treas., A. B. Wood, Cottago G rove.
Ore.— (V . 93. p. 237.)
F e b ., 1917. J
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
26
O h io & L it t le K anaw h a R y— See Balt & Ohio H R
Ohio River— See Baltimore A Ohio
Ohio River & Western— First mtgc $600,000 g o ld ..I
O il B e lt R y — 1st M $2,600,000 g rod text_________x
Oklahoma Central— Common stock $1,500,000 -------Income bonds $1,506,000.
Orcgon Short Line R R — First mtge (R y Co) g ___zo*
Utah A North 1st M ext 1908 (V 86, P 1410) . . .z c *
Cons M gu $15,000 p m s f not drawn g ..A B .z o *
Cons 1st M $36,500,000 g (1st M on 400 m) ..G .x o *
Income bonds Series A 5% non-cumulatlve___ OBz
do
Series B non-cumulatlve________ Gz
First & cons M $150,000,000 g red tcxt._C e.xo* Ar*
Oregon-Wash RR & Nav— Com stk $50,000,000 auth.
Ore R R A Nav cons(now 1st) $24,312,800 g ..N .x c *
1stdiRef M $175,000,000 ggu p Ail red 105.F.xc*Ar*
Oswego & Syracuse— Stock 9% guaranteed D L A W
Consolidated mortgage (guaranteed by D L 4 W )._
Construction mortgage guar (for $1,000,000)— F x
O verton C o u n ty R R — Seo Tennessee Kentucky & N
Ozark & Cher Cent— See St Louis & San Francisco
O zark V a lley R R — 1st M gold (extended 3 years) . . .
1896
1914
$1,000
$250,000
5 g
175,000 2-3-4-5
111
25
1902
1913
1,000
100 Ac
600.000
4g
N one
5g
1,500,000
1,200,000
5g
1,500,000
22,294,000
7
4,000,000
4
3,000,000
4g
5,598,000
4
1,000,000
3H
17,745,000
5Ug •
330,000
5g
14,931,000
6 g
4,991,000
4 (7)
1,744,000
5g
12,328,000
5g
See text
i*
X272.500
X25.000
4
See text
50,000,000
23,380.000
4 g
30,665,035
4 g
1,320,400
9
438.000 See text
668,000
5
200 Ac
—
566 Ac
____
100
1,000
1888
1894 1,000 Ac
1895 1,000 Ao
1902 1,000 Ac
680 1887
1,000
20 1914
1,000
611 1882
488 1878
1,000
488 1886
1,000
1,178 1897
500 Ao
1904 1,000 Ao
: : : 1897
500 Ac
1897
500 Ao
1910 1,000 Ao
—
100
1,135 1896
1,000
Text
1911
$ A £
35 —
50
35 1876
1,000
35 1883
1.000
orther n R R .
133
___
35
1915
150.000
6g
103
When
Payable
J
J
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
A
A
J July 1 1926
D June 1 1919
1 Broadway, New York
M A
J &
S Sept 1 1952
D Dec 1 1943
Treasurer’s office, Pittsb
F
& A Aug 1 1934
Columbia T r C o, N Y
20 years
Q— J Jan 1 1917 1% Treasurer’s Office, Bosfc
J A J Jan 1 1938
do
do
F A A Feb 1 1924
do
do
J
A D Deo 1 1925
do
do
J A J July 1 1932
do
do
,T A J July 1 1927
Southern Pacific Co, N Y
J & J Jan 1 1934
F A A Feb 1 1922
165 Broadway, N ew Y ork
J
A J July 1 1933
do
do
J
A J July 1 1926
do
do
J
A J July 1 1946
do
do
J
A D Deo 1 1929
do
do
Sept
July 1 1946
do
do
Oct
July 1 1946
do
do
J A D Deo 1 1960
Office 165 B ’ way, N Y
J A I) June 1 1946
New Y ork and Germany
J A J Jan 1 1961
New York and London
F A A 20 Feb 20 1917 4 )4 Del L a ck A West R R .N Y
See text Matured
do
do
M A N May 1923
do
do
F
&
A Sep 1917 to 1919 S ,W . N a t Bk, K an . C ity
x Amounts held by public.
OREGON SHORT LINE RR.—-(.See M ap Union P a c ific .)— Granger, W y o.
to Huntington, Ore., 542 miles; branch to Ketohum, Ida., 70 m.; Ogden to
McCammon, Ida., I l l rn.; Pocatello to Silver Bow, Mont., 256 m.; Cache
Jet., Ida., to Preston, Utah., 51 m.; Ogden, Utah, to Sandy, 49 m.; sundry
branches, A c., 974m.; Butte to Garrison, M on t., 57 rn., owned, but leasod
to N or. Pac., less 48 rn. oporatod by Oregon Short Lino under trackage
rights; leasod from Oro.-Wash. R R . & N a v. Co., 173 in.; trackage, 11 in.;
totalJuno30 1916, 2,259 miles. In 1916 built Marshfield to Idahomo, 19m.
On July 7 1903 the portion of the main line from Salt Lake City, Utah, to
Callcntes, N cv., 512 m. In all, was taken over under purchase by Los A n
geles & Salt Lake R y ., the Short Line acquiring a half Interest in San
Pedro L . A . A S. L . V. 79, p. 1705: V. 76, p. 919, 1356; V. 77, p. 38.
H IS T O R Y .— Successor March 16 1897 of the Oregon Short Line & Utah
Northern Ry., foreclosed per plan In V. 62, p. 504, 505. Controlled by Un.
Pao., which holds nearly entire capital stock. Seo also bonds below. V . 84,
p. 52,572, 932. On Feb. 15 1916 closed "Ogden Gate W ay” to D. Sc R .G . R R
C A P I T A L S T O C K .— Stock, $100,000,000, all In the U. P . treasury.
V . 91, p. 871: V. 93, p. 1387, 1669.
BONDS.— First consols, $22,029,000, were reserved to retire old bonds.
Series A Incomes, 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,
Th e Union Pacific owns all but $272,500 o f the $7,185,000 original issue
Incomo A bonds and all but $25,000 o f the $14,841,000 B bonds.
The ref. gold guar. 4s (collat trust) of 1904 (authorized Issue, $100,000,
000) arc subject to call at 102)4- The bonds, o f which $45,000,000 have
been sold, secured by pledge o f $8,700,000 Illinois Central R R . stock
$4,018,700 Chicago & North Western R y . pref. stock, $1,845,000 Chicago
Milwaukee & St. Paul R y . pref. stock, $27,557,000 San Pedro Los Angoles
& Salt Lake 4s and $20,000,000 N . Y . O. & H. R . R R . stock. Th e collat
eral may be roplaced by other o f equal value. See abstract, V. 80, p. 2403:
V. 79, p. 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 % ), 534,422,000 arc reserved to retire underlying bonds and
$36,360,000 Scr. A 4s which were Issued for corporate purposes are In the
U. P. treasury; Scr. A are subject to call as a whole at 105 beginning Deo.
1915, other series on such terms and at such times as the directors or cxco.
comm, may fix. None sold to Juno 1916, but $41,487,000 were then
owned by Union Pacific I1R. and $3,587,000 were In the treasury. V. 91
p. 1512; V. 92. p. 1179.
’
E A R N IN G S .— 6 mos., (1916..........Gross, S14,913,928; not, $7,088,972
July 1 to Dec. 31.
11915-------- Gross, 13,630,913; not, 5,751,861
For year ending June 30 1916, gross, $24,982,958; not, $12,172,374. In
1914-15, gross, $19,967,925; not, $8,087.405.— (V . 100. p. 141; V. 102, p.67.
OREGON-WASHINGTON RAILROAD & NAVIGATION CO.— (See
M ap Union P a c ific .)— Owns from East Portland, Ore., to Huntington.
Ore., 398 miles; Umatilla, Ore., to Spokane, Wash., 183 in,; A tta lla to North
Yakima, Wash., 98 m.; other main lines, 33 in.; branches, 1,190 m.; leased
from Des Chutes R R ., 95 in.; owned Jointly with Chic. Mllw. A Puget Sd
R y ., &c.. 73 m.; trackage rights, 202 in.; total June 30 1916, 2,298*miles’.
Also owns 187 m. water lines. In 1916 completed Riverside to Crane, Oro *
33H m., and Chambers Prairie to Olympia, Wash., 7 'A m ., and was build-’
ng 9 miles near Beaver, Ida.
O R G A N IZ A T IO N .— Tncorp. In Oregon N ov. 23 1910 and on Dec 23
1910 took over by purchase the Oregon R R . A N av. Co., North Coast R y
and affiliated lines controlled by the Union Pacific. V. 91, p . 1447. i k I o ’
1630, 1768. Stock auth., $50,000,000; $49,998,500 owned by Ore.Sh.Line!
BONDS.— The 1st and Itc f. 50-year gold 4s ($175,000,000 auth. Issue)
are guar. p. & I. by U. P . Series “ A ” are dollar bonds. Series " B ” sterling
bonds, each redeemable (but not part o f either) at 105 an any Int. day on
90 days’ notice. Sterling bonds are exchangeable for dollar bonds at $4 85
on payment o f $15 per £100 bond. See V. 102, p. 801, 2255.
The bonds are a first lien on about 767 miles of road owned and a lien
subject to $23,380,000 Oro. R R . A N av. 4s. on 1.135 additional miles, on
70 miles Jointly owned and 139 miles of trackage. See V . 92, p. 1500, 1560.
$23,380,006 aro reserved to refund the Ore. R R . 4s and the remaining $111,
620,000 for extensions, improvements, acquisitions, equipment, A c.. as in
V. 92, p. 1500; V. 93, p. 408, 1324, 1600: V. 94, p. 699. On June 30 1916
In addition to $39,665,035 o f this issue held by the public the Union Pacific
R R . held (unpledged) $31,744.000 ami the treasury $253,000. V.103, p.1033
Tota l listed to Feb. 13 1917, $33,596,000.
An abstraot of Oregon R R . & N av. consol. M. was in V. 63, p. 928.
E A R N IN G S .— 12 m os.,(1915-16
Gross, $17,447,345; not, $4,406 384
July 1 to June 30.
\1914-15— -Gross, 15,444,056; not, 4,335,162
, For 6 mos. end. Dec. 31 1915, gross, S9,070,579. agst. $8,495,638 in 1913
14; net, $2,927,280, agst. $2,695,730; other incomo, $461,185; int. on funded
debt, $1,890,807; other rents, A c., $575,571; bal., sur., $702,944. Pres
J.D . Farrell, P o rtl’d.Oro.— (V. 102, p. 801. 2255; V. 103, p. 1033, 1889.) ”
OSWEGO & SYRACUSE RR.— Owns from Oswego, N . Y ., to Syraousc,
N. Y ., 35 miles. Leased In 1$69 during length of charter and renewals
thereof to the Del. Lack. A Western R R . Co. for 9% per year on $1,320 400
stock and Interest on bonds. The $438,000 7% bonds which matured
M ch. 1 1907 aro hold in treasury o f D . L . & W .— (V . 93. p. 1601.)
„ O ZA R K VALLE Y RR.— Owns Wlliiam svlllo to Cascade. M o ., 35 miles.
V. 100, p. I l l , 643. Stock auth., $350,000; outstanding,«$50,000. Bonds,
$150,000 (Moxico, M o ., Sav. Bank, and E. R. Locko, trustees), extended 3
yoars.from Sopt. 1916 at 6% and duo $50,000 annually. Pres., J. T . Long;
Sec. A Treas., Orah D. Itld gly.— (V . 104, p. 452.)
PACIFIC GREAT EASTERN RY. — Incorporated In British Columbia
early In 1912 to build from Vancouver, B .C ., to North Vancouver, thence
along HowoSound and northeasterly to Llllooet.on tho Fraser River, thence
northerly to a Junction with tho Grand Trunk Pacific (with which a traffic
agreement has Deep mado) at Port George, 480 miles. In Feb 1917 not
operating for traffic. Contractors building the road run train service for
?£< 2n?J]toclation from Squamish Dock to Clinton, 167 miles. Completed in
;<
1916 Clinton to Horse Lake Summit, 37 m. V. 95, p. 1332; V . 98, p. 524.
Stock auth., $46,000,000 (par $100), o f which part may be preferred.
v - 99’ JP’ 1215. T o bo tax-exempt until July 1 1926.
.
1 rovinco o f British Columbia guarantees as to prin. and int. the 4 K %
bonds or dobonturo stock on 480 miles o f main lino, due July 1 1942, under
°,r £list' to rr,le Northern Trusts C o., trusteo. Seo V.96, p. 863, 948,
1557, V . 94, p. 912; V. 95. p. 298, 481, 1332, 1404; V . 97. p. 1840; V. 98. p.
nkn ’
, “ une 1916 tho P rov. o f B. C. agreed to loan the company $6,000,UUU, receiving a mortgago on the entire property and $2,000,000 capital
stock, v . 102, p. 2255.
J- W . Stewart in Oct. 1915 said: T h e total securities guaranteed
,VnX
Province o f B . C .), applying on the main lino, amount to S16.800,UUd, secured by a first charge on tho line, and $3,360,000 secured by a secmalting a total o f $20,160,000, o f which $14,234,805 (£2,925,UJO) have boon issued. T h e balance, $5,925,195, has been pledged to se
cure a loan o f $4,800,000. (V . 94. p. 912: V. 96, p. 863; V. 98, p. 524.)
On Jan. 15 1917 the G ovt, o f British Columbia, for the third consecutive
period, was obliged to pay tho interest due on tho bonds guaranteed by it,
this payment amounting to about $442,443. V. 104, p. 73.
o o £ PI),lylnB on ^ e Peace River Extension (from F ort George northeastward
330 miles at $35,000 per m ile), securities to the extent o f $11,550,066 have
boon guaranteed by the Government, but on account o f tho ad verso condicions no disposition could bo made o f them, and it has boen impossible to
start work on the grading o f this extension. V. 98. p. 763. O ffice. Vic
toria. B. CL, Can.— (V . 100, p. 1833; V. 101, p. 1629; V. 102, p. 2255; V .
t , j)* 73.)
P A C IF IC & ID A H O N O R T H E R N R Y .— Owns Weisor to N ew M ea
dows, Idaho, 90 milos. O n Sopt. 4 1915 Pres. E . M . Heigho was appointed
receiver. N o reorg. plan to Feb. 1917. V. 101, p. 846. Stock, $2,929,
800; par, $100. Bonds, 1st & 2d M s., see tablo above. Loans and bills
Tun0 50 1915, $660,160. For year ending June 30 1915-16, gross,
$137,207; net, $27,556. 1914-15, gross, $129,223; net, $17,649: int.,-taxes,
&c., $142,635; bal., def., $124,986. Pres, and Gen. M g r., E . M . Heigho;
Ircas., James II. Ford; Sec.. John D . Carberry. Offico, N ew Meadows,
Idaho. N . Y . office, 1784 Broadway.— (V . 101, p. 846; V. 103, p. 1687.)
P A D U C A H & I L L IN O IS R R .— Line from M etropolis, 111., to Paducah,
Ivy., 14 miles, was completed Dec. 31 1915. Also building a double
track steel bridge over tho Ohio R iver at M etropolis, 111., to be completed
In 1918. Boat transfer in operation pending completion o f bridge. V . 101,
p. 1465.
Owned jointly by Nashv. Chatt. A St. Louis and Chic. Burl. A
Quincy, which use samo as part o f a route from Northern and Central points
to tho Gulf, and unconditionally guarantee principal, interest and sinking
fund (ovor $120,000 yearly) on bonds. Stock auth., $7,000,000 pref. and
$10,000 common, outstanding, S10.000, all, except directors’ shares, owned
by tho guarantors and by them pledged with the m ortgage trustee. V. 99,
p. 609. Tho bonds ($7,000,000 auth.) are redeemable for sinking fund be
ginning 1921 at 102)4■ See offering V. 102, p. 67, 251; V. 103,p. 2342; V .
104, p. 664.— (V . 102, p. 67, 251, 1988; V. 103, p. 2342.)
P A L M B E A C H & E V E R G L A D E S R R .— A projected line. Seo V . 101,
p. 449.
P A R IS & AIT. P L E A S A N T R R .— Owns Paris, T ex., to M t. Pleasant,
53 miles. Including extension from Bogata to M t. Pleasant, 29 miles, opened
Juno 1 1913. lncorp. in Texas in Jan. 1909. Stock authorized, $75,000.
O f the 1st gold 6s ($2,000,000 auth. issue), $(>00,000 have been sold,
against the present property t53 miles), Including terminals, rolling stock,
Ac., the remainder being reserved for future construction. Redeemable
since July 1 1915 at 105 and int. Sinking fund 5% of gross earnings,
beginning Jan. 1 1915, to be invested in income-producing securities or ap
plied to redemption o f bonds. V . 94. p. 1509.
For half-year ending Dec. 31 1916, gross, $104,971; net, $50,190; int. on
bonds, $21,222; taxes, hire o f equip., $14,325; bal., sur., $14,642. Pres.,
R. F. Scotty Treas., R. J. M urphy. Office, Paris, Tex. (V . 94, p. 1509;
PATERSON & HUDSON R IV E R .— Owns from Marlon. Jersey City*
N .J . (south to Bergen Junction). to Paterson, N . J., 14 miles: single-track
Leased in perpetuity (at $48,400 per year for road, $5,000 lor rent o f lot,
See.) to Krlo U K ., forming part o f main line. Erie has built a second track#
PATERSON & RAAIAPO R R .— Owns from Paterson, N . J., to N ew York
State line, 14 miles; single-track; part of main line of Erie R R ., to which
leasod Sept. 1852 during legal existence, at $26.56o. and which lias built a
second track. Dividends have been paid at various rates. In 1906-07.
82%; In 1907-08 and 1908-09. 8% ; in 1909-10, 6% : 1910-11 and 1911-12.
J - *
J -> i 1,1
• * »
*"
PEA1IGEWASSET V A L L E Y R R .— Plymouth. N . II.. to Lincoln, N . H ..
23 m. Leased to Concord A Mont, for 6 % on stock; op. by Bos. A Maine.
P E N N S Y L V A N IA RR .— (See M a p s.)— The system, as shown on the
adjoining maps, extends from New York City westerly, via Philadelphia,
to Pittsburgh, Erie, Cleveland, Toledo, Chicago and Burlington on the
north and to Washington, Cincinnati, Louisville and St. Louis on the south.
The total systom on Jan. 1 1916 aggregated 11,823 miles, o f which 4,387
miles represents tho mileage operated directly by tho Penn. R R . Co. and
3,107 tho miloago operated directly under the caption "th e lines west of
Pittsburgh and Erie, ’ tho latter being more fu lly described under tho title
Pennsylvania Company and Pittsburgh Cincinnati Chicago A St. Louis.
Tho other linos aro oporated Independently.
P en n . R R . C o.
Lines oper. by lease or contract—
M a in Line and Branches— M les. Har. Ports. M t.Joy.A L a n .R R *
Philadelphia to Columbia, P a ._
81
Dlllersvllle to HarrIsb.,Pa., Ao
5$
Phila.,Pa.,to New Bos Jet., A c . 122 Northern Central R y * _________ 144
Harrisburg, Pa., to Pittsb., P a . 245 United New Jersey R R .,* Tren
Erie, Pa., to Sunbury, A c _____ 288
ton to Jersey City, A o______ 160
Branches and spurs___________2,033 Philadelphia A Trenton R R * . .
26
Western New York A Pen n *___ 551
Total main line and branches.2,769 Connecting R a ilw ay*__________
36
-3 'e n u in stcn
!< § ir a t fo r d
T o r o n to
Brighton
Jc.
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C a r te r
R iv e r t o n '
Ash lan d^
G u y a u d o tte
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
P a c ific G rea t Eastern— 1st M 4)5 % Sua; d e b stock
2d charge ranking aft 1st M gu by G ov o f B O 1915Pacific & Idaho North Uy— 1st M g s f 1% y l y --O .zo
2d M $3,000,000 co ld ..............C e .x a
Pa d u ca h & III— 1st M gu $7,000,000 r ed -.U C .c*& r*
Palm Bch & Evergl— 1st M $3,000,000 g red s f tox t
P a n -A m er (M e x-G u a t)— See N at. Bys. o f M exico
P a rag ou ld S ou th ea stern — See St Louis Southw Ry
Paris & ftlt Pleasant— 1st M g red 105 -- .EC.xc
Paterson & Hudson R lv— Stock 8% rent N Y L L & W
Paterson & Ramapo— Stock (rental guaranty) Consolidated
$100,000,000 Gold coupon P o n d s ----------- ,-kv.c
(now 1st)
M o f 1873
secures all
equally
[V o l . 104.
INDUSTRIAL STOCKS AND BONDS
106
Gold coup s f 1% not d r ----- kv.o*
Sterl (s f in 1900) not dr-kv.o*r&r*
Sterling--------------- . . . . . . . -------I do stamped payable In $-------] Gold dollar bonds-------------------- -
G .P .
76
76
53
14
14
1912
1879
1879
1893
1895
1908
1908
1908
1915
1881
1908
2,769 1915
Sunb
288
288
44
56
Amount
Outstanding
£ l &c £2,925.000
1912
£1 &c see text
1915
1,000 $1,027,000
1899
956.000
1.000
1907
4,256,000
1915 1,000 fee
500 &c See text
1915
1402
1402
1402
1402
1402
1402
1402
1402
Bonds of Cos. Merged in Pennsylvania R R .—
Philadelphia & Erie mortgage (now first) gold ..
do
do
($5,203,000 are 5 s ) ----Sunb Haz & W llk llrst Series A drawn at 100---
Par
Value
1869
1869
1878
1878
1896
Rate
%
When
Payable
J fc J
4)5
J & J
4H
M &
5 g
F &
5 g
4)5 g J &
J &
6g
Last Dividend
and M aturity
15 July 15 1942
15 July 15 1942
iN N o v 1 1949
A Feb 1 1937
J July 1 1955
D June 1 1940
J ft J July 1 1932
600,000
6g
1,000
,T ft J Jan 1917
630,000
8
50
298,000 8 In 1916 ,T fc J Jan 6 1917
50
F fc A Feb 1917
541,500
100
6
Fob 28 T7
50 499,265,700 6 In 1916 O— F
3,498.000
5 g
1,000
Q — M Sept 1 1919
M & S Sept 1 1919
1,500.000
5 g
1,000
2.472.000
M & N May 1 1943
4 g
1,000
£200
3)5 g J fc J July 1 1945
£581 ,200
M & N M a y 11948
4
200 £1,143,400
M & N M a y 1 1948
4g
1,000 $14,285,000
M & N M a y 1 1948
4
1,000 20,000,000
1,000 49,000,000
4)5 g F & A Aug 11960
J fc J July 1 1921
1,000
6,335,000
4
fc D June 1 1948
J
7,478,000
4g
1,000
1,000 65,000.000
4)5 g J & D Juno 1 1965
J
8,680,000
1,000
6 g
1.00C 11,143,000 4 g ft 5 g A
M
5
100 &o al.OOO.OOC
M
100 fee
1.349.50C
6
J
4g
500,000
1,000
&
,
fc
ft
ft
ft
Dividends are Payable
J
O
N
N
J
July
July
May
May
July
do
4%
4%
3%
1 )6
1 1920
1 1920
1 1928
1 1938
1 1936
do
do
do
do
do
do
do
Penn Co for Tns, &o.Phlla
Broad St Sta, Ph; & Lond
Broad St Station. Phlla
do
do
do
do
do
do
i
a Including $537,900 bonds held alive in sinking fu nd
M iles.
Lines operated under contract—
Belvldere Delaware R R * -------80
Delaware River R R . & Bridge*
10
Other lines (lncl D. & R . Canal
66 m. and ferries, 1 m ------- 55S
Tota l in Penn. RR .statistics_4,387
REPO RTED S E P A R A T E LY —
Phlla. Balt. & Washington----- 708
West Jersey fc Seashore R R * . 338
Cumberland Valley R R * -------- 164
Long Island*------------------------ 394
Other companies------------------- 528
West of Pittsburgh and Erie.
R E P O R T E D D IR E C T L Y —
Pitts. Clu Chlo. & St Lou is*-.2,241
Pennsylvania Company lines*-l,68o
E A R N IN G S
1914.
1915.
Gross Earnings
East o f Pittsburgh and E rjo------- *293,690,057 $251,072,448 $241,516,560
W est o f Pittsburgh and E rie______ 147,320,360 120.669.JJ6 111 ,810,38 1
Total reported directly-------- 3,926
Tota l both lines________________$441,010,417 $371,742,444 $353,327,444
N et Earnings (after Taxes)—
.
, or 777
East o f Pittsburgh and E rio--------- §72,531,578 $58,976,282 $46,196,777
W est o f Pittsburgh and E rio_____
36,810,427
29,366,4.>8
1J, J08,o.)0
REPO RTED S E P A R A T E L Y —
Grand Rapids ft Indiana lines* 568
Other lines (see Pennsylvania
Company statem ent).......... - 810
Total system Jan 11916— 11,823
T o ta l both lin e s ________________$109,342,005
$88,342,740 $66,105,327
(LINES
R EPORT OF P E N N S Y L V A N I A RR.
E A S T OF P IT T S B U R G H &
E R IE , IN C L U D IN G N O R T H E R N C E N T R A L R Y .)
Year ending Dec. 31—
1916.
1915.
1914.
•See each company’s statement.
Grand total east of P & E..6.519
^
.......... $230,278:533 $196,628,170 $187,251,851
O R G A N IZ A T IO N , LE A SE S. &c.— The charter of the Pennsylvania R R . G roSearnings °
$42,959,608
’
was dated April 13 1846. Pennsylvania Company (see below) controls the N e t e a r n fn g f !: 111111111111111 $64 , l 13 ',951 $53,891,609 «**>7,700,836
7,640,684
9,057,940
Accrued taxes, & c________________
lines west of Pittsburgh and Erie, the Pennsylvania R R . Co. holding all its
stock
In 1900 acquired most of stock and income bonds of Western New
. $55,056,011 $46,250,925 $35,258,772
Operating income--------York ft Pennsylvania and took a lease of the road. V 72, p. 481.
1.439.634
1,511,004
Joint facilities rent income
In July offered $105 per sharo (par $50) & int. at 7% till Aug. 31, for the
11,438,484
13,334,500
Dividends received______ .. .-----$1,882,500 stock o f the leased lino, Harrisburg Portsmouth M t. Joy & Lan
838,693
790,396
23,164,885
Income from funded securities._
caster R R . V . 103, p. 146.
973,270
2,255,460
(unfund. sec. & a
S E C U R IT IE S O W N E D .— The total book value o f these on Jan. 1 1916 Income(sink. & otherres. c c ts .)..
1,091,353
1,307,889
clo
funds) .
was $337 987.610, many o f which are pledged to secure Pennsylvania Issues.
915,844
1,176,072
Miscellaneous rents, & c----------Revenue derived from these securities in 1915, $13,220,359. The securities
include $17,143,800 Sou. I ’ ac. Co. stock. $38,573,400 stock o f the Norfolk
$78,220,896 $66,626,245 $51,956,051
Gross income_________________
$629,607
& Western, and $5,312,500 stock o f N . Y . N . H . & I I . R R . Co.
$1,325,955
Hiro o f equipment (dobit)-------5,730,695
8,574,860
D IV ID E N D S . ’93 t o ’99. 1900-May’ 06. N ov. ’ 06. ’ 07 ’08 to Fob 1917.
Leaso o f other roads---------------1.057.635
1,084,557
5 yrly.
6 yrly
3)4
7
6 yrly. (1 )5 qu.)
P e r c e n t _____
28,059,261
Joint facilities-----------------------714,131
1,093,260
(lncl. sink.,
In 1893 paid also 2 % In scrip. Dividends now paid quarterly.
Miscellaneous rents, & c----------9,562,205
11,834,384
Interest on funded debt----------- &c., funds)
C A P I T A L S T O C K .— Stockholders of rocord M a y 5 1913 subscribed
171,012
287,907
Interest on unfunded debt-------for 10% in now stock ($45,387,750) at par. Increasing the amount outtan ding to $499,265,700- V . 96, p. 1089, 1425, 1557, 1630.
$42,425,322 $34,090,765
N e t incomo___________________ $50,161,635
B O N D S .— Consolidated mortgage o f 1873 (see in V. 86. p. 1043, 1101) in
Other Deductions—
,
, ,
$1,785,242
Juno 1915 covered 993.01 miles o f road by a first lien and by supplement Sinking, &c., reserve funds-------- lncl. above
$1,946,341
29,952,186
dated 1913. 409.47 miles by a subsequent lien. V. 100. p. 399. 4/o. 1169. Dividends ( 6 % ) _________________ $29,952,219
29,952,219
2,230,335
In 1916 m ajority o f 4% sterling bonds o f 1908 were stamped as $
7,286,849
Additions and betterments........ 1
N ot
I
bonds. V . 101, p . 2072, 2255; V. 103, p. 321.
3,239,913
Construction on branches-------- J stated
1
T h e stockholders on March 10 1914 authorized a General mortgage
to secure bonds to be Issued from time to time to an amount not In excess
$42,425,322 $33,967,764
T o t a l __________________________
_____
$123,001
at any time o f the outstanding stock. V . 98. P
, ?£
----,
these bonds, $65,000,000 50-year 4 )4s were sold due.Tunol 1905 to retire with Balance, surplus---------------------x In 1916 the balanco, surplus, is available for add’ns, botterm ts, &c.
other funds the convertible bonds ($86,870,000) duo Oct. 1 1915.
O F F IC E R S .— Pres., Samuel Rea; V .-Ps.. Geo. D . Dixon. H enry TatnalJ.
Future issues may bear interest at such rates and with such maturities, not
earllor, however, than the 1915 issue, as the board may determine. I he W . W . Atterbury, W . Heyward M yers and A J. County: Areas., J. 1 •
bonds will cover, subject to prior liens, for which General M . bonds are to
Fahnestock; Sec., Lewis Neilson. N ow Y ork office, 85 Cedar
„
Directors.— Perclval Roberts Jr., Geo. I I . M cFadden, Charles L . Ingersoll.
be resorved. all the property and leaseholds (excepting certain unimportant
Samuel Rea. Henry C. Frick, W illiam I I . Barnes, Geo. W ood, C . Stuart
leaseholds). Including the valuable terminals in Philadelphia. Harrisburg
Pattorson, Effingham B. Morris, Thomas li e W itt Cuylor, L evi L. Rue.
and elsewhere in Pennsylvania, rolling stock, shops, and other equipment
ITonrv Tatnall. W . W . Atterbury Goo. D. Dixon, W. II. M yers, Bayard
owned. Ortho bonds. $165,155,000 were rosorved to retire an equal amount
o f underlying bonds and real estate mortgages. Further bonds may also
H enry, Joseph W ood.— (V . 104, p. 73, 164, 447, 560, 664.)
be reserved or issued to retire obligations on roads acquired. V. 10U. p.
P E N N S Y L V A N IA C O M P AN Y .— (See Maps Pennsylvania R R .)— Oper
1593. 1673. 141. 557. 819, 902; V. 101. p. 371.
as all the Pennsylvania Railroad lines west of Pitts. Owns none in fee.
On M ar. 13 1916 tho stockholders w ill vote on (a) increasing the author ates
Controlled by stock or otherwise■
Leased by transfer from Pa. R R .:
ized indebtedness to tho extent o f $75,000,000. to “ enable the board to
Miles. Toledo Col. ft Ohio R iv e r ...*345.31
issuo from time to tim e such amounts, obiter o f Gen. M tgo. bonds or o f Pittsb. Ft. W . & Chicago..*470.53 Pitts. Ohio Val. & Cine........
16 09
capital stock that has heretofore been authorized, as m ay be necessary to
Marginal U R .. Beav. F .. P a .
3.44
provido for capital requirements in tho near future, including maturing Massillon & Cleveland.......................12.23
Erie & Pittsburgh................. *82.97 Cleve. Akron ft Cincinnati-- 335.21
obligations; lb) on acquiring tho property and franchises o f tho Harrisburg Cleveland & Pittsburgh.........*205.34 South Chic. * Southern- . . . . 23.05
Portsmouth M t . Joy & Lancaster R R . V. 104, p. 164.
Branches W . N. Y . & Pa. R y . 61.52
Leased directly by Pa. Co.:
2 28
N O T E S .— In July 1916 sold $20,000,000 3 J4% nine months’ notes.
Pitts. Youngs. & Ashta. Ry.*137.56 Youngstown ft Ravenna----Total Penna. Co. lines..............- .................- ..........................
1,684.53
V G E N E R A L * * IN A N C E S .— As to plan for putting tho Long Island R R .
61
F
2
* See this company
Co. on its feet financially see that co. and V . 104, p. 664.
9.65
Controlled by stock. &c.:
Miles. Wheeling Terminal R y -------Tho bridge from M o tt Haven to Long Island, owned by the N . Y . Con
302
Manufacturers’ R y - - - ...............
necting R It. (see that company) w ill early in 1917 permit the running o f
Pitts. Cln. Chic. ft St. L . . . *2,077.65 Pennsylvania Terminal R y - 4.15
through passongor trains from the South and West to all points in Now
Waynesburg <c Washington 28.lt
5
Controlled jointly.
England and facilitate tho transfer o f freight via South Brooklyn and ferry
Ohio River & Western.......... 11075
Central Indiana............
*117 74
____ i_r____ _ n u .. t rvl.w Af W thn Innd for^V SPPvipP trirnilDTll tllfl
<n
ir
Cln. Leb. & N orthern.......... 76.1/ Pitts. Chartlers ft Y ou gh ------- *19 b9
Grand Rapids & Indiana-----“rlO.O
Tol. Peoria & W estern...........*230 70
3 j.; V . 8 'J, p. O O P , u i u ; v . vu, p. o . w , * . y o , y . oui , • ■ iw.j, f
Musk. Gr. Rap. & Iu d ----- 36.85 trackage - - ------ --------------- 203.99
On Oct. 1 1914 the passenger mileage book rate was Increased from 2 to
Traverse City R R ----------- 2o.eo
Total of all lines-----------5,338.82
2 K cents and on Dec. 15 1914 general passenger tariffs. V. 99. p. 675,1520.
Cln. Rich, ft Fort W ayn e. *85.7<
♦Sue this company.
Tho Pennsylvania Company, whoso $80,000,000 cap. stock is owned by Terre Haute & Peoria R R — 145. l i
tho Penn. R R . (seo caption “ Penn. C o .” ), paid dividends o f 7% yearly
O R G A N IZ A T IO N .— Chartered In Penna. April 7 1870. Its $80,000,000
1910 to 1913. but in 1914 4% , 1915 6 % (Juno 2 % , Dec. 4 % ); in 1916,
stock is owned by the Pennsylvania Railroad. Oil Dec. 31 lo the 1 cnn_._Co.
JU?n D ec.’ 1916 tlio^ldiila.'Baft'. & Wash. R It ., $25,435,475 o f whoso stock
is owned by tho Penn. R R . Co., increased its semi-annual dividend from
2% to 4 % , making total o f 6% for calendar year 1916. V. 103, p. 2238.
wore soli! in N o v. 1915, the profit on
.................- - —
~,
10, r
L A T E S T E A R N IN G S .— For 12 months ending Doc 31 1916:
at $15,200,000. V. 101. p. 1629, 1715; V. 102, p. 1805. In Juno 1916
— Total East P. & E .------- Total West P .& E .----------Total A ll Lines-----purchased substantial!y all the securities o f the Lorain Ashland & Sou. R R .,
Gross
Net after
Gross
Net after
Gross
Net after
Lorain to Custaloga, O., 67 miles. V . 102, p. 2167.
12 Earnings. Taxes, &c. Earnings. Taxes, &c. Earnings.
Taxes, dec.
D IV S — 1 ’03. ’04-’05. ’06. ’07 ’08. ’09 ’ lO to ’ 13. ’ 14. 1915.
1916.
1916 293?690,057 72,5*31,578 147320,359 36,810,427 441010,417 109342,005
RiCJan.’ l910433 1-3% in stock. In 1915, in cash, Juno, 2% : D ec., 4% .
1915-251,072,447 58,976,282 120669,995 29,366,457 371742,444 88,342,740 1 C
^
A N N U A L R E F O R T .— Fiscal year ends Doc. 31. Annual meeting is 1916, Juno and Dec., 4 % . V . 103, p. 61.
BONDS — The gold bonds of 1921 arc secured by leases of P Ft W . &
hold at Philadelphia on second Tuesday in March. Report for 1915 In
C . the Cleve. ft Pittsb, and Erie ft Pittsb. railroads ana of bonds and
V. 102, p. 880, 892, 837. Prelim , report, 1916, V. 104, p. 447.
•
— Pennsylvania Railroad— -Pennsylvania Company- stocks having a par value In 1916 of $20,107,100. as well as real estate.
Guaranteed trust certificates, " A , ” ‘ B,
C,
D and E were Issued by
1916.
1915.
1916.
1915.
trustee, under a
trust
A vg e. miles operated4,536
4,531
1,754
1,752 Girard Trust Co.. Philadelphia,Ras Co., whereby the deed ofCo. hasmade by
the Penn. Co. and
Pledged
T o ta l opor. rovenue-_$230,278,533 $196,628,170 $75,569,026 S60.857.677 an equal amount atthe Penn. R . guar, special stockPenn
par of the 7%
of the l ltcsh. 11. v
Operating income____ 55,056,011
46,250,925 20,320,735 16,522,1/4
F e b ., 1917. J
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, '&c., see notes on first page]
M iles Date
Road Ronds
Pennsylvania R R — (Concluded)—
West Chester first m o rtg a g e___________________ kv
West Penn consol mortgage g assumed___P lP .k v c *
Southw Penn 1st M s l $5,000 yearly not drawn, kvr
Allegheny Valley gen (now 1st) M g . F P i.k v.o *& r
Junotlon (Phlla) general mtgo (now first) gold __kv
Pitts Va & Ch first mtge gold gu p & i.G P .k v o * & r
Cambria & Clearfield 1st M (V.90,p. 286) g G P . kvo*
Cambria & Clearfield general mortgage_______ k v
Clearfield & Jefferson first mortgage . (fu P .k v o*
Pennsylvania & N W gen M $2,500,000. GuP.kvo*
Hollldaysburg Bedf & Chimb 1st M g gu ass. kxxc*
Penn R R real estate purch money gold M .F xc*& r
Equipment Trusts—
Pennsylvania general freight equipment tru st____x
do g gu p& I $1.100,000yly (V 9 0 .p l4 2 5 ) FPrx
do
due $700.000yearly (V 94, p 1566)-F P x
do
g $1,970,000 yrly (V 96. p 1702) . . . F P r
Pennsylvania Company— Bonds gold gu a r..k vc *& r
Guar tr certs $5,000,000 g gu Pa R R Ser A . . . k v r
do
10,000,000
do
Ser U d P k vc
do
5,000,000
do
Ser C
kve
do
10.000,000
do SerD GPvkc*
do
10.000,000
do S e rE .G P k v c *
Gold loan red after 15 yrs (gu V 8 3 ,p . 1229).GPkvc*
Loan $48,262,500 guar red from 1918_________G Px
Gold loan (French loan 3 J£s coll) callablogu ar.G Pc*
P e n n sylvan ia & N ew J ersey R R —-1st M $500,000-Pennsylvania & North Western— See Penn. R R _____
Pensac Mob & New O rl— 1stM $350.000g red 105 — Fx
Peoria & Bureau Valley— Stock rental (see t e x t )_____
Peoria & Eastern— Ind Bloom & W 1st M pf.C c.zc& r
Ohio Indiana & West 1st M pref g Intguar___Ce.xc*
Peo & E 1st (cons) M $10,000,000 lnt guar.-C ex.c*
Incomo M hit when earned non-cuinulative._Cc.zc
x On Juno 30 1916 $8,104,044 add’l held by compan
5
139
144
266
3
91
1879
1888
1877
1892
1900
1904
102 1891
409 1905
57 1886
87 1890
72 1911
1893
25
47
202
338
338
338
P ar
Value
5100 &o
$75,006
1,000
4,000,006
l.OOC
862,()0(
1.00C 20,000.00(
1.00C
725,00(
1,00(1
6,000,00(
1,006
534,00(
1.006
2,000,00f
500 &o
1,000. ooc
1,000
1.021.00C
1,000
1.073.00C
1,000
2,000,000
1907
900,000
1910
1,000
4,400,006
1912
1,000
4,200,006
1913
1,000 13,790,000
1881
1,000 17.184,006
1897
1,000
4,213,000
1901
1.000
8,284,000
1902
1,000
4,255,000
1904
1.000
9.088,000
1912
1,000 10,000,000
1906
1.000 20,000,000
1906 500 fr &c 12,705.151
1915
1,000 x25,482,979
1916
(? )
1913
1,000
5350,000
—
100
1,500,000
1879
1(J0 &c
981,500
1888
500 &o
500,000
1890
1,000
8,376,000
1890
1.000
4,000.000 Up
& Chic. R y . Co. Soe V . 65, p. 368, 572, 1116; V . 67, p. 122; V . 72, p. 339
490; V. 79, p. 2457; V. 94, p. 768. O f the $20,000,000 in scries A , B and C
tho sinking fund had retired $3,248,000 to Dec. 31 1916.
The 3 Is % gold loan of 1901 was Issued to pay for acquisitions of stocks of
the Pennsylvania and Cambria Steel companies. They are guar , p and 1
msylvanla
by Penna. R R ., and are subject to call for redemption -
— 1 ------- --------- ----- ■
■
J
■
■
na.
Nov. annually.
by lot at
' A5„e<y?a l 'S w in g s . V. 73. p. 843, 957. Collateral June 30
£
1916. $2,
.
_____ R y. pref. stock.
2,000,000 P. C. C. & St. L. _________________
R‘ >n n n n n n n
The $20,000,000 gold loan 4s of 1 t\r.n guaranteed, .were at June 30 1916
1906, .... _______ ___ .»
secured by deposit of $15,500,000 Pitts. Cin Cblc. & St. Louis common and
®
J1li7 stock, $2,000,000 Clevo. & Pitts, specla, guar, stock
1 ,$4,000,000 Vandalla H R . stock and $1,000,000 Pitts. Youngstown & Ash
tabula pref. stock; total par value o f collateral. $33,400,000. V. 92. p. 335
V. 83, p. 1229. Car trusts Doc. 31 1916, $4,664,856.
Th e French franc S >4 % guaranteed loan or 1906 was originally 250.000,
000 francs. Denomination 500 and 2,500 francs. V. 82, p. 1439.
lh e gold loan 434s o f 1915 are secured by an equal par value o f the
French loan 334s o f 1906; original Issue, 250,000,000 francs (equal to $48,
262,548), which are being bought in and pledged therefor; tho 434s are
guar., p. & 1., by Penn. R R . Co. and are red., as a whole only, at par and
lnt. on and after Juno 15 1918. on 60 days’ notico. The French SH s are
secured by valuable collateral.
See V. 101, p. 1014. 840. 610; V. 82, p.1439
L A T E S T E A R N IN G S .— See Pennsylvania R R . Co. above.
R E P O R T .— For 1915 in V. 102, p. 1805.
Year ending Dec. 31—
1915.
1914.
iq iq
T o ta l operating rovenuo....................... $60,857,677 $54,698,327 $66 233'505
N ot, after taxes-----------$16,622,174 $9,864,667 $12 211 650
Dividends and interost received............$9,084,408 $9,491,343 $11814’743
Miscellaneous incomo........................
1,163,016
1,536,818
L236’ 223
Total net income..............................$26,769,598 $20,892,820 $25,262 O'?5
Bond interest--------------------$5,149,388 $5,287,882 $5,366 437
Other interest-----------------------------618,107
810,078
389 556
10,313,068
9,117,129
8,848 433
Lease othor roads---------------Joint facilities ami miscellaneous____
084,688
940,667
876 007
Dividends ................... ..................(6)4,800,000(*3)2400,000 (7)5,600,000
Additions & c.................................... 2,969,723
........ .
2,200 000
Sinking, &c., funds---------1,934,624
1,911,619
1,896 803
Balance, surplus----------------------V. 10 3% “
“ ” o "S!, 2U V . 1
l"o
Nono
$416,453
3 0 ° '"
$06 one
>02’ »•
P E N N S Y L V A N IA & N E W JE R S E Y R R .— Tncorp. In N . J Dec 15
o O T ,00!j capital stock, as successor o f tho N ew Jersey & Pennsyl
vania RR., 25 miles, Wbltehouse to Watnong, N . J which was wh i„
t
o
w
oi" Bernardsvllle, N . J., at receiver’s’ sale on Oct. IS for
$27,000, free ot all encumbrances. Tho Now Jersey P. U Comm in Marcv.
1916 approved tho Issuance o f $50,000 1st M . gold bonds, and the oxecu
tion o f a mortgage for $250,000 to tho Federal Trust Co Newark as trn«
tee, dated Jan. 1.— (V. 102, p. 1060.)
’
’ »s tiu s P E N S A C O LA M O B ILE & N E W O R L E A N S .— Projected from Pen«a
cola, Fla., to Mobile, Ala., 75 miles. In 1913 purchased the P eS L co U % '
Perdido R II. and Pensacola Alabama & Tennessee UR Pensacola* tcHMn?
cogee, Fla., 26 miles. Incorp. in Ala. M a y 1907. Stock auth S? I 5n nnn.
par. $100; mtge., $.350,000. V. 96. p. 1490; V . 9 2 n i 56(1 170 ’ 15&?£0:
Elwood M . Laughlin; Sec., L. It. Blltch.— (V 101% 1629 ) '
1
’
PE O RIA & B U R EAU V A L L E Y R R .— Peoria to Bureau Jet Til 47
miles. Leased In 1851 to C. R. I. & Pac. R y. for S125 n o n v i/ • hi\,o ..of,7
’
( Vy 8<L p . 'u s l ) occ;uslon:i,ly raoro: F eb ’ 1908 and A u i i9 1 5 ? i’% e ltr a .—
P E O R IA .8 E A S T E R N R Y .— (See M a n New Y ork Central Tt-nr-c \—
;
Owns from Pekin, 111., to Ul.-Ind. State lino; holds loaso innernctf,U v
lit.-1ml. State line to Indianapolis, also quit claim deed for sama*S?ecHvc
when mortgages on leasehold are satisfied, 202 m.; and holds a nnreha^!
money lion o f $5,000,000 from C. C. C. & St. Louis R y Q o (owner! nn
Springfield D lv., Indianapolis to Springfield, O.. 136 m.; traekaen Pekin
to Peoria, 9 m.; trackage, 5 miles, at Indianapolis; total oper.,'352 runes*!
L E A S E , &o.— Formerly Ohio Indiana & Western, sold in
in
1890, reorganized per V 49. p. 616. Leased tjll April 1 1940 to oie v rin
^
L ”. "'to',01* guarantees interest, but not principal, of the 1st enn'
co!8 and the underjylng bonds, and owns $5,000,100 of the 510.000 100 stock’
par 5100 See “ hupp.’ ’ of Jan. 1894 as to provisions resp?cti
a'nv surnb.s
over charges. Company owns $125,000 stock of Peo. & P e l d n f f i n R v
A committee (John F. Wallaco. Chairman; Frank D . Ketcham 80 Bmml
BO NDS.— See abstracts of mtges. of 1890 In V.51, p. 246.
D IV ID E N D O N IN C O M E S .— April 1 1902 to 1908, both incl nnt,i ao,
yearly; 1909, 0; 1910 and 1911. 4% ; 1912. 0% ; 1913, 4% ; 1914 to Ju/o
R E P O R T for 1915 was In V. 102, p. 976. Operations since Jan 1 1914
included In reports o f Cleveland Cincinnati Chicago & St. Louis R v >r
following statement covers thu 201 miles owned and 9 milos oneratofi’ ,,,,-1!,trackagorights:
u UI1U(jr
Cal. Year—
Gross.
Net.
Oth. In c. Chgs..&c
Rninnr*
1915............... -$2,183,983 $433,395 $304,000 $607,113 sur t lo n oro
— (V. 99, p. 1367; V. 102, p. 251. 801, 976.)
•-$ 19 0 ,2 82
P E O R IA & P E K IN UNION R Y .— Owns Pekin to Peoria, on both sides
of Illinois River, and yards at and opposite Peoria. Mileage mam track!
Amount
Outstandinc
Rate
%
When
Payable
107
Last Dividend
and Maturity
5
M & S Sept 1919
4 g J & D June 1 1928
7
F & A Feb 1 1917
4g
M & S Mch 11942
334 g A & O A pr 11930
4 g
M & N N ov 11943
5 g J & J Jan 1 1941
4g
F & A Feb 1 1955
0
J & J Jan 1 1927
5
J & J Jan 1 1930
4g
J k
J July 1 1951
4g
M & N May 1 1923
Places Where Interest and
Dividends are Payable
Broad St Sta,Phlla &Lon
do
do
do
do
O ffice Phlla & N ew Y ork
Broad St Station. Phlla
O ffice Phlla & N ew Y ork
Broad St Station, Phlla
do
do
do
do
do
do
O ffice Phlla & N ew Y ork
Q— F Var T o 1917
Fidelity Trust Co, Phlla
Q— F T o May 1920
do
do
Q— M T o June 1 1922
do
do
g Q— J Apr 1 1917-1923
do
do
g J & J July 1 1921
’ a R R , N Y (c) & Pitts(r)
g M & S Sept 1 1937
g F & A Feb 1 1941
g J & D Dec 1 1942
Penna R R . N ew Y ork
g T & D Deo 1 1944
and Girard T r Co.
M & N May 1 1952
Philadelphia
A & O Apr 11931
3 H t <t n is June 15 1921
Cred Lyon. &o, Paris. Fr
434 g J & D 15 June 15 1921
Pa R R N Y & Phlla
4
4g
4 g
434
434
334
334
334
334
4 g
5g
8
4
5 g
F
F
A
& A
& A
& O
Q— J
A '& O
to 4 April
Feb
Feb
A pr
A pr
A pr
Apr
1 1933
10 1917 4% First N at Bk, New York
1 1940
Treas office, N Y
11938
do
do
1 1940
do
do
11990
4% paid April 1 1913
m,ain track, 9.73; total main track owned, 25.74 miles. M ileo ™ H h v D an? yard tracks owned, 112.02. Capital stock, $1,000,000.
Western yn ^ rlo & ^ a o (P ^ v - Obi. Chic. & St. L . system), Chic. & North
S t>
T.J i w j
1 ?°- & st - L ., 111. Central system. Lake Erie & Western and
annum? l Q^^. ’
Di vi dends: 1891. 4% ; 1895-1901, 6% per
,
1J92, 4% , 1905, 5% : nono since to Jan. 1917. Debentures, V. 93,
inebme ’ « 9 i s aL n nf J96? ' 31 1916* Kross- § 1,097,903; net. $229,286; other
H ? T . % f n ^ ! £ l (I^ ^ 3 t f ^ ’1 Y o . ) $286’9!8: bal" sur” * 161’897’ Pres”
2
P eorK a n fi
c o -— 0wns terminal road between
total 114 P ? n n’ yi-v,,? “ I1
,08’ ° y er Private right-of-way, and local lines:
Steam
t
: 30,82 I? lle, ot track3
Freight business handled by
e llc tn 'riiJ "°ca' Passenger bus ness In and between Peoria and Pekin by
OVM thn TIH^.®8 «s?Ion depot in Pekin. Owns a 1,000-ft. steel drawbridge
over ta o Illinois River. Capital stock, $1,000,000. all owned by Chicago
* Fac. and Chicago & Alton, which guaranteed the 1st M. bonds,
its tT m a n tv in h b iv T o ? r th1 * M 0 0 A 0 0 First & Ref. M . 4 ^ s ) defaulted on
0
& Aknn
Ju1? T
' 19.15't>ut the coupons were purchased by tho Chicago
self
V - in T
;
l ? 16 a?d Jan. m 7 coupons paid by company it$209 37i'.1 if 1 i 17r',,5 V ‘ .U5,
n
c 7
161‘ For year ending Juno 30 1915, gross,
bal rtnp
?-nl’ 54^: °t^?r income, $15,280; lnt., taxes, &c., $119,525;
conin d o- 8^ 98; ln I 9
*if ti
16. gross $254.426; net. $66,479; other in
como, $1,271; int., taxes, &c., $121,114; bal., def., $53,364.
“ “ n .W . Sfr-{lili::8SS:
S : & £ ; *1
IS
Soc' *
T r' “
"
G o° '
H -
M A R Q U E T T E R R .— R o a d ,2,285 miles: 37 leased to others Cos.
Lines owned—
Miles
Lines Owned— Con.
M iles.
Alexis (near Toledo) to Ludlng' Other lines, branches, & c________270
ton, on Lake Michigan.... ......... ,384
Trackage—
Plymouth to Bay View, M ich____412 St. Thomas, Ont., to Internat’l
Porter, Ind., to Gr. Rap., M ic h ..164
Bridge and Niagara, N. Y ______132
Saginaw to Port Huron, M ich____90 La Crosse. Ind., to Mich.StateLIne 34
Pt. Huron to Grindstone C ity ____126 Other tra c k a g e ..________________ 122
Grand Ledge to Big Rapids,M ich.142
Controlled—
Allegan to Pentw ater_____________127 Lake Erie & Det. R l v ___________ 199
Sarnia to R o n d e a u ................... 72 Other trackage_____ ______________ 44
Operates car ferriesLudington
to Milwaukee and Manitowoc. O f the
37 m. leased to other cos.. 34miles, Lawton. M ich., to South Haven Is
leased to K a l. Lake Shore & Chicago R y .fo r 25 years from April 15 1907
in Oct. 1!)16 an agreement had boon entered into between tho receivers
Pennsylvania Company which contemplates the joint use o f the
road between Alexis, Ohio, and Carlcton, M ich., 25.28 miles (incl. In the
foregoing table o f mileage ow ned), and o f a new double-track line to bo con
structed by tho Pennsylvania Company.
O R G A N IZ A T IO N .— Formed Deo. 11 1907 as a reorganization without
foreclosure, per plan In V. 85. p. 41. 100. 1519.
u“ i
aul H . K in g and Dudley E. Waters o f Grand Rapids. V . 94
p. 98.3. 1057; V . 95, p. 481,545; V . 98, p. 1767; V. 99. p. 817.
T,s, to receivers certificates, sco V . 99, p. 121, 539, 970, 1592 1598
V. 94. p. 1609, 1566, 1627, 1764; V. 95. p. 1208; V. 96, p. 1298.
’
Foreclosure sale under consol. M . o f 1901, Ref. 4% M . and Im pt. & Ref.
Gen. M ., sot for M ar. 15 19L . Lpsct price, $10,100,000, subject to underiying bonds and lnt. V . 104, p. 560; V. 101, p. 1553, 2145; V. 102, p. 976.
.. in A I> 1 1914 default was made on the various bond Issues underlying
r|
«o?,^0fiS i«S o f ,19(V \ v - 98. p. 1072, 763. Foreclosure papers were filed
i°o
8opt. 6 1916 under (a) mortgage o f 1880, covering main lino from Monroe
to Ludington; (bl mortgjig0 o f 1897, covering the Toledo division, and
(c) mortgage o f 1899, covering Sag. Tuscola & Hur. branch.— V. 103, p. 938.
tiue p w w TI} o w '°rfi:anizn£ ? a l,lan ^ t e d Oct. 30 1916 was declared opera
a^ , ‘ > P®®; 1916, over 90% o f tho bonds and stock affected having boon
>
a®Ros*te<l-(W 103, p. 2342). The reorganization managers aro J. & W .
Seligman & Co., Robert Wlnthrop & Co. and Eugene V. It. Thayer. The
Xcn,J!1 ful.‘
11' ^93, p. 1692 to 1700. The depositaries for the
assenting securities are indicated by foot notes to the table o f exchange below
V1
New Securities to lie Created under Plan ( See Table at Top o f Page).
(for exchange. S19.370.600; sale to syndicate,
$25,675,400)__________________
_
04r. n ic nnn
Prior prof, stock 5% cumulative, 1st p'ref. as'to prfn.‘ and divsT
n Redeemable at par and d ivs. A ll to be sold to syndicate..
11 200 000
Pref. stock 5% cum. after Jan. 1 1919, 2d pref. as to prin. and
^ uu'uuu
61vs. Redeemable at par and divs. A ll issuable in exchange
under plan______________________________
-- 12,429,000
1st M . Issuable in series with, i f (fcsi'mf,’d f f f ^ n ’t"maturities
and call features, the interest rates to be fixed at not over
6% p. a. Total auth., $75,000,000. viz.:
Now Issuable, all equally secured, covering as a direct first lien
about 1,856 miles o f main line and branches and as a sec
ond collateral lien 199 miles; total, about 2,055 miles
000,000 Series A for sale to syndicate; rem. for exchange)—
Series A 5% , duo July 1 1956, redeemable at 105 & i n t . . 21,976,000
Series B 4 % . due July 1 19o6, redeemable at par & in t
8 479 000
Reserved to retiro undisturbed bonds, viz.: $3,000 000 P. m T
(Lak®
& D etroit River R y. d iv .) Collateral Trust 4 34s
and $2,870,000 P. M . Collateral Trust 4s________________ 5 870 000
Reserved for Issue after July 1 1918 for acquisitions, additions,
'
'
bettermonts and improvements, under restrictions........ . 38,675,000
Voting Trust.— A ll three classes o f stock w ill bo assigned to James S.
Mexanaer, Francis R . Hart, Frederick Strauss, Eugene V. R . Thayer
Robert W insor and Iieekman Wlnthrop. and, if so determined, an addi
tional person, as voting trustees for not exceeding fiv e years.
R A IL R O A D C O M P A N IE S
[F or abbreviations, & c„ see notes on first page]
M iles
Road
of
Exchange and
$
1,000
1,000
a Flin t & P . M . Toledo D lv .f
400,000
bFlint & P. M . 1st Consol. I 2,850,000
aCh.’ & W.^MichT R y T ls t 5s- 5.758.000
52,500
400,781
782.728
75,150
675,000
aPero M arq. R R . o f Ind.
1st M . 4s-------------------X 618.585
aD et. Gr. Rap. & West 1st 5 ,3 7 9 ,0 0 0
Consol. 4s_______________
100,400
cSag. Tusc. & Huron R R . 1 ,0 0 0 ,0 0 0
1st M . 4s________________ l
f Detached coups, due A pr. 1229,445
115,470
Flint & P . M . R R . 1st 6 s ..
3,373
19,840
do
do
1st 4 s ..
D et. Gr. Rap. & W . R R .
18,289
1st Consol. 4s____________
107,580
Add to adjust small fractional differences------------For sale to purchase syndicate----------------------------
When
Payable
Places Where Interest and
Dividends are Payable
Last Dividend
and Maturity
Central Trust Co, N
Q— F Feb 1 1921
6g
do
do
4 t f g:M & N Feb 1 1921
do
do
F & A To Aug 1 1917
6
do
do
M & N 1924 to 1930
do
do
F & A Aug 1918 to ’23
First N at Bank. N Y
& J Jan 2 1937
4g
do
do
& D Dec 1 1941
414 g
26,000
300.000
236.000
944.000
1.400.000
1,000
1,000
100 11, 200,000
1916
1916
100 12,429,000
21,976,000
8,479,000
1903
1903
3,000,000
2,870.000
1,000
5g
4 g
1 ,1 1 5 ,0 0 0
' .....
($ 1 ,1 1 5 )
4 5 2 ,8 0 0
($ 1 ,1 3 2 )
1 ,8 2 6 ,8 5 0
($ 6 4 1 )
6 ,5 4 1 ,0 8 8
($1,136)
7 5 .6 0 0
( $ 112)
6 1 8 ,5 8 5
($ 1 1 5 )
101,000
($ 101)
Ouls Ui tuling.
1,425,000
($500)
675,000
($ 1 ,000)
5,379,000
($1,000)
1, 000,000
( $ 1, 000)
N ew Y ork
do
Bankers Trust C o, N Y
People’s State Bk, D etr't
do
Guar T r Co, N Y or Det
Various Various
J & J Jan 1 1955
M & S Mch 1 1961
M & S Mch 11916
Oct 8 1912
T & J July 1 1912
& 1) Deo 11921
r
A d) O Apr 1 1946
A & o Oct 1 1920
M & N May 1 1939
A & () Apr 11939
.T & J July 1 1937
M & N May 1 1931
J & J Jan 1 1951
F & A Aug 11931
M A t Mch 1 1924
M A N May 1 1943
A & L April T7 to
J & D June T7 to
Overduo
In default
See text
See text
In default
In default
Juno 1914 coup not paid
April 1914 coup not paid
April 1914 coup not paid
M ay 1914 coup not paid
Apr 1914 coup not paid
In default
In default
In default
Aug 1914 coup not paid
Men '14 coup not paid
In default
„ „
Columbia T r Co, N Y
do
do
- W ill ReceiveTotal yBy Dec. 4. P rior Pref. Stk. Common Stock.
$43 75 $250-$3.478,500 $500-56,957.000
notos —
x l , 200,000 390 00
7000400Dobontures .5,000,000 370 50
66oO3801001st pf. stk. 10,929,800
97 50
1750 1002 d p f. s tk .
968,180
97 50
1750 100Com. s tk . 14,370,430
T o other subscribers or syndicate-----
480,000
1,900.000
1,092,980
96,818
1,437,043
2,714,659
800960,000
760- 3,800,000
200- 2,185,960
200193,636
200- 2,874,086
8,704,718
$25,675,400
$ 11, 200,000
NtUei— T
—
Vim“ cash*" payments must be made at the Central Trust C o.,
N . Y .,'deposita ry for all tho old stock, debentures and col. trust notes,
x This Is tho original faco amount, since reduced by salo o f collateral.
Capitalization and Charges o f the Successor Company.
Am ount.
(1) New Mortgage Bonds—
«i
$21,976,000 First M ortgago bonds, Ser es A , 5 % ............ - ...........
8.479.000 First M ortgago bonds, Series B, 4 % - - -----------------(2 ) Undisturbed Securities (Canadian L m e £ —
5.870.000 Coltat. trust bonds: $3,000,000 4 H s, $2,870,000 4s_
098 800
2so 160
JJJ.idu
249,800
$26 325 000 T o ta l bonded debt and fixed int. charges o f now co-$l,6 87,760
$3b,J25,UUU A° ™ ainst 387,012,919 dobt and $4,127,340 int. o f present co.]
(3) New Capital Stock—
11.200.000 5% prior preference stock, cumulative----- SoOO (H O
12.129.000 P r e f . s t o c k , c u m . a f t e r Jan., 1 1 9 1 9 ------- 621,450
Z 2 3 .2 1 3
b.uuu.uuu
July 1 1956
“uly 1 1956
Aug 11932
Jan 1 1923
&
&
R<bonds— $13,914,000 $243 75
yl44,915
Z 1 2 5 .8 6 9
. . 3 , 0 . .0
. .8 .
J
J
414 g F
4 g
J
4.615.000 414 & 5
1912
400.000
6
1913
4g
1,000 al4,789,000
1905
- 5g
1911 1.000 &c 17.157,942
656.0')3
1911 1.000 &c
2,125.884
1912
6
5.000.
000 g
1907
5
5.758.000
1,000
1881
4
5.379.000
500 &o
1897
4000 6 g
g &
5.000.
1,000
1880
5g
2.850.000
1,000
1889
5g
3.325.000
1,000
1889
400.000
1,000
1897
1.667.000
1,000
1891
4g
8.382.000
1901 1.000 &c
4
1.000.
000 g
1.000
1900
5g
260.000
1,000
1899
4g
675.000
1,000
1903
5
660.000
1,000
1911
b396,000
1.000
1911
5*
b471,000
S u b scrip tion .
xll5,000
%
1,000 $1,495,000
1.499.000
1,000
(1) Bonds (and In t. Thereon to July 1 T 6 ) Exchangeable for New 1st M . Bonds.
(The now bonds w ill carry interest from July 1 1916.]
For Total Issue and
Principal
In t. to
-N ew Bonds in E xch.Each $1,000 Bond—
Outstanding. July l 16, Ser. A 5s. Ser. B 4s.
a Flin t & P . M . 1st 6s, due ’20$4,000,000 x$705,000 §4.^948 J)00
ls t 4 s ,d u o ’20 1,000,000
Rate
Amount
Outstanding
Par
Value
100 45,046,000
Prior prel (a & d) stock 5% cum red at par & d ivs—
P r e f (a & d) stk 5% cum aft Jan 1 19 red par & divs
1st mtge goId/Series A 5% call a t 105 & i n t -------y
S75,000,OOOBalSeries B 4% call at 100 & In t-------y
Securities Left Undisturbed—
199
Lake Erie & Detroit R lv Dlv coll tr M g o ld ........ Qx
Collateral trust mortgage gold call p a r................ •
Securities to Be Retired—
Receivers’ certificates----------------------------------do
n o te s ________________________ - ____ _
Refund mortgage (see text) gold — -----C e .x o &r 2.069
Im pt & K ef Gen M $60,000,000 red 110 Ba.xc‘ &r* 2.069
Coll notes (foreclosed) sec b ylm p & R ef Gen bdsu-xc
Collateral notes-------------— ----------------------------- _
Debentures $5,000,000 (V 85 p 1402)— ----491
Chlo & West Mlcb 1st M — — —
........ - — NB.xc
380
Det Q R & W 1st cons (now 1st) M law mon -OB.xc
323
Flint & Pere Marq mtge ($1,000,000 are 4s) gold.vo
672
First Consolidated mortgage gold — — — -Ce.vc
228
P t Huron Dlv first mtg ($3,500,000) gold-Ce.zc
18
Toledo Division first mortgage g o l d - - - I B . z c
89
Ch & N M 1st M gu p & 1 end by Ch & W M .O B .vc
Consol M (Pere Marq) $50,000,000 auth— .F.xc&r 1.849
66
Saginaw Tus & Huron first mortgage assumed --IN -z
29
Grand Rapids Beldlng & Sag 1st M a s s u m e d --—X
22
Pere Marquette of Indiana call 105assumed. C o l,r 0
Equip tr bonds ser A & B due SJ32.000 s-a-B a.xc
. . do
do 44.000dues-a ( V 92, p 1636) Ba.xo
do
do
m a t u r e d a n d u n p a id ---------- - - - -
a In c lu d e s $ 8 7 5 ,0 0 0 p le d g e d t o s e c u re e q u ip , tru sts,
b Cash is p r o v id e d In p la n t o r o tir o th e s e .
Term s
Date
Bonds
1881
1885
1906
1911
1910
1907
1911
Peoria & Pekin Union— First mortgage g o ld — Ce.xc
Second mortgage gold — - - ............................. ce.xc
Debentures due $50,000 y l y - - - - - - - - ---7.^.7----- *
do
do $60,000 y ’ly (In 1930 $ 40.000)----z
do
do S50.000 y ’ly (in 1917 $26,000)-- —
Peoria Ry Term— 1st M gu g red 10214 beg 1 6 -IC ^ c
1st & R e f M g gu (owned b y C R I & Pac R y ) -B a..
P e re A larq u ette— New Securities Proposed under I Ian-
a F lin t & P .M
[V ol . 104.
RAILWAY STOCKS AND BONDS
108
T o t a l p r o fe r o n t ia l d i v . r e q u ir e m e n t s o f n o w c o .......... $ 1 ,1 8 1 ,4 5 0
--------
T o t a l ........ .......................... .................................$21,976,000 $8,479,000
Depositaries: a Old Colony T r. Co., Boston, b Central T r. Co., N . Y . ,
and Old Colony T r. Co., Boston, c N . Y . Trust Co.. N . Y ., and Old
Colony T r. Co., Boston, f Central T r. Co., N . Y .
y Equals $37 65
x Excluding detached coupons (separately treated;
fo r each $30. z Equal to $23 40 for oach $20 coupon.
(2) Bonds Exchangeable for Stock— 5% Preferred (Cum. after Jan. 1 1919)
For Total Issue and
Principal
In t. to
Stock in Exch.—
Each S I,000 Bonds— Outstanding. July 1 16. Pref. Stk. to m . s ik .
bFlint & Pere_ Marquette J$3,325,000 x$483,164 $2,54(L300 $ 1,27 M 50
($ 3 8 2 )
(Port Huron D iv .) ls t 5 s -(
633,460 1 , 2 6 8 , 5 8 7
234,422
aChicago & North M ichigan] 1.667.000
($ 7 6 1 )
($380)
1st M . 5s________________ l
871,728 9,253,728
dPero M arq. Consol. M . 4s f 8.382.000
($1,104)
4s, due 1951____________ \
___ , ,
15,361,056
R efdg. M . 4s, due 1955— y l3 ,914,000 z l , 447,056
($1,104)
299.000
39,000
2 6 0 ,0 0 0
aGrand Rap. Bold. & Sag.f
($1,150)
1st 5s___________________ \
aOld Colony notes o f 1912,
144.000
balance duo_______________
(?)
f Detached coupons P. M .
116,407 .......... .
1-027,407
Ref.4s,July l '12 toJan.l ’ 14 911,000
............
1,512
400
A dd to adjust small fractions
.......... 25.675,400
For sale to purchase syndicate
T o ta l
........................................................... 512,429,000$45,046,000
Depositaries: a Old Colony T r . C o., Boston, b Central I r . Oo., N . Y .,
and Old Colony T r. Co., Boston, d Farmers L . & l r . C o . , N . Y . e uamcers T r. Co., N . Y . f Central T r. Co., N . Y .
x Excluding amount pledged under P . M . Ref. M tg e. y Excluding
amount pledged to secure equip, trusts, z Excluding detachtd coupons,
separately treated.
» Ref. M tge. Bonds.— O f the Refdg. M tg e. bonds,>9.207,000 b e a r a, guar
anty by tho C. 11. & D . lt y ., Co. and as to such o f these as are deposited
under the plan by M ar. 1 1917 there is paid to cancel said guaranty a net
cash payment o f $12 50 for each $1,000 o f such bonds. V. 104, p. lo l.
Estimated Cash Requirements $16,000,000.
Receivers’ certificates and notes- - - - - - - - - — - - - ---- -.-.-"fK— ^ t 'n r n ’nnn
Equip, tr. obligations as o f Jan. 1 1917 (all thus to bo paid o f f ) — I,0o6,000
Claims requiring settlement in reorganization----- — ------- 30u,uuu
A ll exponses o f reorganizations, oxperts, committees, syndi- ^
qqq
Interest on now bonds and in recognition o f interests o f now
pref. stock from July 1 1916 until possession by iiow com pany. 1,300,000
Auditions, im pts., now equipment, working capital. & c., & C - — - G ’ O jW .O O O
Tho receivers estimato that as o f Jan. 1 1917 thero should remain $2,
500,000 cash available to new company.
T o meet theso cash requirements, J. & W . Seligman & C o ., Robert W in
throo & Co. and Kidder, Peabody & Co. have formed a syndicate to pur
chase for $16,000,000 and int. on the bonds; $6 .000,000 1st ^
A 5 % • $11 200 000 5% prior pref. (v . t. c . ) ; $25,675,400 common s t o c k
(v . t. c ) . This syndicate offers to tho depositors o f divisional bonds,
Consol. M tgo. bonds. Ref. M tg e. bonds. C oll. Trust notes,-^ ^ n n i^ vTo
first prof, stock, second pref. stock and common stj°ck the opportunity to
acquh-o, (subject to allotment in case o f oversubscription,) $11,200,000<5
prior preference stock, cumulative (v. t. c .), and $22,400,000 common
stock (v. t. c .), at tho following rate, v iz .:
nf
$1,000 prior preference stock (v . t. c . )-------- -----------------K $2,000 common stock (v. t. c . )----- .
----- ------------------ ( $0/5 in casn-
45.046.000 Common s to c k .............. ..... .....................................
............ ..
$105,000,000
T o ta l capitalization and charges, incl. pref. d iv .. $2,869,210
Committee Opposing Plan.— Elint & Pere MarguetteRR. 1st M bonds, duo 1920. Edward H . Ladd Jr. o f N . Y ., Chairman. 1 Rio Guar
anty & Trust Co. o f N . Y ., depositary. V . 103, p. 1302.
E A R N IN G S .— Tho receiver’s report for 1915-16 was in V . 103,^ fo rn m v
Tho reorganization plan as against total rixed charges o f $1,687,700 ior now
company, shows:
Earnings fo r Two Years ended June 30 and Three Months ended Sept. 30.
— Year end. June 30—
Average
3 Mos.end. Sept. 30
1916.
1915.
2 Years.
1910.
1915.
rovenuo-20.826,167 17,73S
6,738 19,281,449 5,673.392 4,860,273
Rovenuo from opor.
O p e r a t in g
incl? o t h? hmoni e'.’
540,501
486.010
513,257
164,055
89,747
T o ta l .................. 21,366,664 18.222,748 19,794,706 5.837,447 4,956,020
Oper. exp., incl.
o f efu ip ? ,& c:h-r-ei 6 .580,071 15.334,468 15,957,270 4,280,025 3,768,433
T o ta l in c o m e - - 4,786,593 2,888.280 3,837.436 1,557,422 1,187,587
Tho receivers advise that exceptionally largo expenditures have been made
during tho last two yoars for maintenance, additions and improvements.
V ‘x1ThePto ta l!int. actually paid by th ° receivers during 1915-16 was 8677.
380, against $741,688 in 1914-15 and $1,319,940 in 1J13-11.
' • 104. P
73,164,452,530.
.
PaP E ^ 3 0 ^ . ^ t r ^ a 7 e W
^ P e j k i o m ^ J c t . , P a ., to Emaus Jet..
& R . lty-. Emaus Jot. to East 1’ onn Jet.,
3 .6 ’m. Stock ( * ’
Co. and mostly
a m i: S i M
$ 4 0 5 ,0 0 0 ; b a l., s u r ., $ 2 6 1 ,1 9 1 .— ( V . 7 2 , p . - 8 3 . )
< *% >
P E T E R B O R O U G H R R . — W ilton to Greenfield, N . I I ., 10K miles.
Leased A pril 1 1893 to Boston & Lowell for 93 years at 4% on stock and ex
penses. Capital stock, $385,000; par, $100; d iv. A . & O.
P H IL A D E L P H IA B A L T . & W A SH IN G TO N R R .— (Sea Af«t> Penn .R R . ) .
Lines controlled, eased, &c.Lines owned—
M iles
Delawaro R R . (see this c o .)-----2 4 5
Phila. to Washington, D . C .. via
B alt., all double track-----------131 Delaware, M aryland & Virginia*
(seo this c o .)--------------— •--- 98
Phila. to Octorara, M d .. & brs
86
Other lines ( 6 ) , trackage, &c. (9 )- 15
Frenchtown, M d ., to Columbia,
p a .t
c __ __________ - _________ 4 o
Bowie to Popp’s Creek, M d ....... 49
Branches to Delaware C ity , & c-_ 50
Tota l operated________________ 717
O R G A N IZ A T IO N .— A consolidation Sept. 15 1916 o f tho Phila. Halt. &
Wash Phila. & Balt. Central, F.lkton & Middletown and the Columbia &
Port Deposit R R s. This Increases tho mileago^dirwtly <)\vned from 229 to
359 miles, and capital stock from $25,138,000 to $26,438,000. V. 103, p.
1033; V . 102, p. 1897.
S T O C K .— Stock authorized. $29,900,450; outstanding Oct. 1 1916.
S26 438 000. o f which Pennsylvania R R . owned 520,435,475.
Dividends since consolidation Dec. 31 1902 to Juno 1916, 2% semi-ann.,
Dec. 1916, paid 4 % .
BO N DS.— The first mortgage of 1904, ($20,000,000
tracked*
Hen on the Phlladelphla-Baltlmore division, 117 miles, all ^ 9 '® 7 * raSse<
V
and also secures vari-passu the $4,930,000 debentures of the
iji
M in im u m Amounts o f New Stock which Depositors May\ I h u s . Acquire for B. (see p. 4 of "Supp.” of April 1895), and also on the 1 P?9 ° ? 7qJ ,moo0
1 fi
,alt|
to Washington. V . 78. p. 49; V . 92. p. 795; V. 97. p. 1427. 1734. V .98.
Each $1,000 of Existing Securities.
B [Collate trust notes,.debentures and;stock[have;no[other.rights under plan. ] p. 237.1000. M tges.. &c., 1914, $424,527.
L
F e b r 1917.]
INDUSTRIAL STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c., see notes on firs t page. ]
Miles Date
Road Bonds
38.2
38.2
Perklomcn ■
Peterborough R R — Stock (rental 4 % ) ------------Petersburg RR -S e e Atlantic Coast Line R R .
P h ila & B altim ore C e n tra l— Soo Phlla Balt &
P W & B (old Co) plain bonds.
Plain bonds ................... .........
Plain bonds g o ld .....................
Plain bonds g o ld .....................
First mortgage $20,000,000 go
Plain bonds gold due $500,000
1888
1888
—
A ll secured f-x r
by 1903
1 -xr
l.x r
mortgage.
t-xr
229
Phlla & Ches V— 1st M prof old 5s re d ’9 0 g -P e P .k v .o '
1st m tge old 4s not prer Int reduced In ’96_g P e P .k v o
Philadelphia & Brie— See Pennsylvania R R
Phila & Frank— First mtge $500,000 guar.Q u P. k v .o ’
86
43
24
24
$100 Ac
1,000
100
s
$3,759,527
s
4
4g
— 1907
100
100
1.000
See text
5,000.000
8.551,000
9 1899
_ __
_ __
1.000
50
50
1.000
1.000
1.000
1.000
1.000
1.000
1.000
250,000
10,000.000
2.000.000
2,989,000
579,000
6,432,000
2.000.000
400,000
2.050,000
161.000
4
3
6
5
5
5
5
5
•5
4
When
Payable
A
...
134
151
193
193
_
19
1890
1893
1897
1899
I960
1901
1892
$4 ,195.540
1914.
$
P H IL A D E L P H IA & CHESTER V A L L E Y R R .— Road from Bridgeport
to Downington, Pa., 23.96 miles. Chartered In 1888. Capital stock (par $50)
In common, $550,000; preferred, $205,100; total, $755,100, of which Read
ing Company owns $489,300 common and $205,100 pref., $450,000 common
and $205,100 pref. being deposited under Its gen. mtge. of 1897. Reading
, Co. guarantees bonds, with Int. reduced. See V. 63. p. 1064.
P H IL A D E L P H IA & F R A N K F O R D R R .— Owns from Crescentville to
Frankford. Pa., 2.55 miles: total tracks, 4.20 miles. The $500,000
•took Is owned by Reading Company, of which $498,950 Is deposited under
Its mortgage of 1897: principal and 4% ju t. is guaranteed by Reading Co
Leased to Philadelphia & Reading R y. for 999 years from July 1 19oV for
Interest on $500,000 first mortgage bonds and $111,466 outstanding obliga
tions, any excess of net earnings to be applied to reduction of nrlncinal ol
latter, and thereafter to dividends on stock.— (V . 67. p. 1358, 1357,) P
P H I L A D E L P H I A OERMANTOVVN& NO RR IS TO WN R R — Phlla Pa
to Norristown and Germantown, Pa.. 21.52 miles; second track 20 43 miles’
third track, 3.81 miles; total track, 86.5 miles; leases Plym outh R R
8 93
miles
Leased on N ov 10 1870 to Phlla. & Reading for 999 years1rental
$277,623. Including $8,000 yearly for organization expenses.
rental,
P H IL A D E L P H IA H A R R ISB U R G & PITTSB U RG H R R .— Harrisburg
Pa., to Shlppensburc, on the Western Maryland R R ., 45.83 m • 2d track
41 m.: sidings and laterals. 14.72 m. Leased Oct. 15 1890 f w 999 years’
at 5% on stock. Int. on bonds, taxes to Phlla. & Reading R R ., which by^ nLease
*»
P H IL A D E L P H IA N E W TO W N & N EW Y O R K RR — Philadelnhia tn
Newtown, Pa.. 22.22 miles; 2d track. 3.50 m.: 3d track. 2 16 m - sidings and
laterals, 4.87 miles. Stock— com.. $1,225,000; p r e f .$ 40 0 M 0 - d m *50
Of the bonds, $849,100 (with coupons only partly paid— see v n i ^ n ’ r 't n
aro owned by the Reading Co. and deposited under Its gen m tge o f 1897
*247,100 additional being owned but not pledged. In o i t l l o s Int on
*507,000 bonds was reduced to 3% from A pril 1 1897 and made a fta “
charge; remainder 5% . subject to said agreement,,
68 n
Yenr
ending Juno 30 1915-16, gross, $178,620; net, $209: other Income *28 013In t., taxes, & c „ $87,064; improvements, $16,775; b a l.,d e fV .$74,>17?’
’
73
7
P H IL A D E L P H IA & R E A D IN G R Y .— See "R eadin g Company.”
P H IL A D E L P H IA & TR EN TO N R R .— Phlla. (Kensington). P a . to
Morrlsvllle, P a ., 26 miles, mostly four-tracked. On June 30 1871 leased for
999 years to Pennsylvania R R . at 10% on $494,100 stock, the balance
$765,000, being owned by United New Jersey R R . a Canal Co.
’
P H I L I P P I N E R Y .— Under a concession granted July, 13 looa bv the
Philippine Gov’t, In accordance with an A ct of Congress of the United .States
in 1905, and with the approval of the Secretary of W ar, this company has
contracted to build lines of railroad In the Philippine Islands as follows- Isi*
and of Pauay. 100 miles; Negros. 100 m .. and Cebu, 95 m.
O R G A N IZ A T IO N .— Incorp. M ar. 5 1906 In Connecticut w ith an auth
capital of£5.000,000. V. 80, p. 2622; V. 82, p. 219, 752; V?83, p 493 970
1412: V. 85, p. 794; V. 87, p. 1358. Under the terms o f the con cision the
Philippine G ovt, guarantees interest on an issuo o f 1st M . 30-yoar sinking
fund 4% gold bonds, which may be issued to extent o f 95% o f cost or
construction. A n y Interest payments by the Government become a cumu
lative lien on tho proporty, subject to tho lien o f tho 1st M . bonds.
R E P O R T .— Earnings for calendar year 1915, gross, *362,407: not after
taxes, $125,397: other Income. *3,256; total deductions, *343 305- add’ns
and bettermonts. $468; bal., def*. *215.121.
’
aaa n8
D IR E C T O R S .— H . T . S. Green, Clarence M c K . Lewis, Gen. Frank
M cIn tyre, W m . Barclay Parsons, J. G. W hite, Alonzo Potter, Fredorlc I I
Reed, w illiam Salomon, Charles M . Swift, Cornelius Vanderbilt Col Chas*
O. W alcutt Jr. Chairman, William Salomon; Pres., Charles’ M . ’ Sw ift'
V-Prcs., Frederic H . Reed and C. Lewis; V.-P. & Gen. M g r., It R Han
cock; Sec. & Treas., E . Eberloin; Asst. Sec., Frank S. Connett.
Office, 43 Exchange Place, New York City.— (V . 98. p. 699.)
PITTSBURGH BESSEMER & LAKE E R IE R R .-B es se m o r. Pa ., to
Connoaut Harbor, O., 152 milos; leased to othor roads; other mileage owned
26 m.; branches and spurs, 34 m.; leased M eadville Connoaut Lako & Linosville R R . and Linesvllle to M eadville, 22 m.; trackago to Cascade, near
Erio, &c.. 13 m .; total, 247 miles (142 milos doubla-tracked).
12
5g
3&5
£A
3
g
g
g
g
g
g
g
g
Jan 1 1918
Jan 1 1918
O Oct 1916 2%
Places Where Interest and
Dividends are Payable
Reading Terminal, Phlla
do
do
Nashua, New Hampshire
& D Dec 30 ’ 16 4%
& O A pr 1 1917
A N N ov 11922
A J Jan 1 1926
A A O Oct 1 1932
M A N N ov 11943
J A J T o Jan 1 1924
M & N N ov 1 1951
F & A Aug 1 1940
A A O A pr 1 1938
A A O Apr 11938
Broad St Station. Phlla
Off. Phil; Kldd.Peab.Bos
Broad St Station, Phlla
do
do
do
do
do
do
do
do
do
do
do
do
Reading Terminal, Phlla
do
do
F A A
3— M
A & O 15
A
O
Reading Terminal, Phlla
Mar & Mer Bldg, Phlla
Reading Terminal, Phlla
do
do
A
M
J
15 1925
A
Q— J
4g
Last Dividend
and M aturity
J
10
26
Gross Income.5,579,740 4,473,998
Balance, surp. 145,328
— (V . 102, p. 523. 713, 1154. 1250, 1541, 1897; V . 103, p .4 0 7 ,1033,2,238.)
5e
5g
500.000
2,246,900
2,000,000
1,599,000
$3,553,905
1915.
v.
*797,100
1,125,000
385,000
1,000
50
1.000
1,000
1892
N o t earn in gs...4,864,915 3,759,527 Lease o f oth.rds. 693,762
683,487
Taxes. & c .......... 649,861
674,174 Iliro o f eq., bal. 654,341
607,565
Joint facil., rents 770,707
713,969
N e t Income ..4,215,053 3,085,353 Bond Interest___ 992,829 1,011,936
DIvs. recelvod .. 989,326 1,022,955 Oth. Int. & mlsc. 320,926
227,889
Joint facilities,
Dividends (4 % ) .1,005,520 L,005,520
365,690 Additions, &c__ 996,326
rents, & c ____ 375,361
223,633
tby1 p{df^& °Ito^.^fly!ia,8 t o c k ,^ P006,000.' * * *
Rate
%
50 26.436,950 6 In 1916
4
1,000,000
1887
1,000
4
1,000
1,000,000
1887
4g
1891
1.000
930,000
4g
1892
1,000
1,000,000
4g
1904 1,000 Ac 16,070.000
1,000
4g
1909
3.500.000
1911
1,000
2.200.000
4g
1,000
1890
1,500,000
4g
1888
500
280.510
4g
1888
500
100.000
3g
The S I .000,000 serial 4s o f 1909 are to bo secured by any new mortgage.
V . 84. p. 1368; V. 85, p. 284: V. 87, p. 1605.
E A R N IN G S .— ’For 12 months ending Dec. 31:
Gross
Net
Other
Fixed
Balance,
12Mos.— Earnings.
Earnings.
Income.
Charges.
Surplus.
1916.......... $25,546,425
$6,125,228 $1,397,557 $3,457,387 $4,065,398
1915.......... 21,311,137
4,215,053
1,364,687
3,432,567
2,147,173
R E P O R T .— Report for 1915 In V. 102, p. 1155.
Year end. Dec. 31—
1915.
1914.
1913.
1912.
Gross e a r n in g s .............S21.311.137 $20,357,562 $21,164,341 $20,280,042
Operating expenses----- 16,446,222 16,598,035 17,610,436 16,084,502
N e t ............................. $4,864,915
1915.
1914.
Amount
Outstanding
1890
1892
2.55
30
46
22.22
Philadelphia & Reading R y — See Reading Company
Philadelphia & Trenton— Stock 10% rental Penn R I
Philippine R y — Stock $5,000,000 authorized---------1st M $15,000,000 g Int guar s f red llO .-B a .xo^& r*
Piedmont & Cumberland— See Western Maryland
P in e C reek — See Now Y ork Central
Plqua & Troy— First mtge $250,000 gold guar p A I-.o
Pittsburgh Bessemer & Lake Brie— Common 3% rent
Preferred stock 0% cumulative guaranteed by rental
Pittsburg Skenango A Lake Erie 1st M g __Cc.xc*
Consolidated first mtge for $4,800,000 g ..C ejco *
Pitts Bess & L E cons mtge $10,000,000 g ..U s .x o *
Debentures gold $2,000,000 redeem (see tex t)-U P ix
Greenvlllp equip trust $100,000 due yearly g .U P ix
Butler equipment trust $2,050,000-------------- UPix
Plttsb Chart & Yough— Gen M $1,000,000 g gu .F PIk
Par
Value
109
J
&
M
A
■
J
A
J
J
J
M
A
A
A
A
A
A
A
A
&
A
&
A
Jan 10 1917 2 h Treas Penn R R Co, Phlla
J July 1 1937
N
O
D
O
J
J
D
N ’
O
O
1 1940
1 1943
1 1947
Bankers Trust Co, N Y
Un Sav Bk A Tr Co, Cln
Check from Co’s Office
do
do
Centra1 Trust Co, N Y
do
do
United States T r Co, N Y
Union Trust Co. PIttsb’h
do
do
do
do
Office, Pittsburgh. Pa
O R G A N IZ A T IO N , A c.— A consolidation Jan. 14 1897. Boat lines to
Canada, see V. 77, p. 1228: V. 76. p. 1358, 922: V. 61. p. 241. 795.
Of the stock, $5,500,500 common and 6761,000 preferred are owned by
the U. S. Steel Corp. Leased for 999 years from April 1 1901 to the Besse
mer & Lake Erie R R .. a subsidiary organization o f the U S. Steel C o r p .,
Tor 6% on pref. and 3% on com. stock, interest on bonds and organization
expenses, &c.. lease guaranteed by the U. S. Steel Corp V 72 p. 137.
B O N D S .— Debentures o f 1899 m ay be called since June 1 1909 upon
company paying
% for each year o f unexpired term.
The P. & L. E. mtge. of 1897 Is for $10,000,000 (trustee United States
Trust Co., N. Y .). covering all the railroad, property, rights and franchises
or the consolidated company, including the agreement with the Carnegie
Steel Co., L td ., and the Union R R . Co. Of the 5s of 1897 $3,585,000 re
served to retire Pittsburgh Shenango & Lake E rie bonds.(— V . 75, p. 1203.)
PITTSB U R G H C H A R TIE R S & YO U G H IO G H EN Y R Y .— Owns from
Chartlers to Beechmont. 19 miles; trackage (Chartiera Rv.
m ■22 miles In
all. S T O C K outstanding Jan. 1916, $1,390,000, $940,000 owned jointly
by guarantors mentioned below. Auth. stock, $1,500,000. V. 82, p. 1269.
h alf are guar, (endorsed) by Pitts. Cln. Chic. & St. L ., the other h alf by
Pitts. & Lake Erie. See guaranty, V . 56, p. 650. In year ending Dec. 31
1916, gross, $492,972; net, $240,592; other incomo, $7,508; charges, $51,040;
d lv., $47,000; surplus, $150,059.— (V . 82, p. 1269.)
P IT T S . C IN C IN . C H IC . & S T . L O U IS R R . (Consolidated Com pany).
Lines owned—
M iles.
Lines leased (*See these cos.)—
Pittsburgh, Pa., to Chicago, HI. 511 Terre Haute & Peoria_________ 145
Itendcomb Jet. to Anoka Jet__166
Evansville & Terre Haute_____
16
Bradford Jet. to Indianapolis.. 104 ♦L ittle M iam i..................
195
Indianapolis to Jeffersonville._ 108 Ohio Connecting R y _______
9
Indianap.. Ind., to E. St. L . . 111. 238 Other lines_________________
3
Indianapolis to Vincennes, Ind. 118
Trackage— ToKokom o, e t c , .. 171
South Bend to Rockville, I n d . . 160
Operated under their oum org.
Logansport, In d., to Butler___
93 Pitts. Char. & Y ou gh_________
20
B ranches______________________ 358 Waynesburg & Wash R R ____
28
Total o w n ed ........ ............... 1.8561 T otal o f all Oct. 1916___ .2,443
O R G A N IZ A T IO N .— ThLs railroad company completed Its organization
on Jan. 1 1917 w ith $100,000,000 o f auth. capital stock, per plan in V. 103,
p. 666, 844, as a consolidation o f the following properties belonging to the
Pennsylvania R R . system: Pitts. Cine. Chic. & St. L . R y ., Vandalla R R
Pitts. Wheel. & K y ., Anderson Belt R y . and Chic. Ind. & East. R y !
V . 103, p. 2429.
D IV ID E N D S .— Payments (since 1900) by constituent companies:
P.C. Ch. & St.L.Ry. [ ’02-’05. '06. ’07-’09. TO. ’ 11-T3. T 4 . ’ 15. T6. 1917
Preferred ( % ) --------14 yrly. 4 H 5 yrly. 6H 5 yrly. 2 M 2'A
6
3 .Comrnon ( % ) -------- (— 3 yrly.— 4 yrly. 0 ) { 5 yrly. 2
...
2
5
Vandatia RR .—
(1906. 1907 to 1910. 1911. 1912. 1913. T4. T6 . 1917.
Per cent-------------- 1 4
5% yearly.
4
4
4
0 2
4
B O N D S .— Th e Consolidated Mortgage for $75,000,000, made In 1890 by
tho Pitts. Cin. Chic. & St. Louis Railway Co. reserves sufficient bonds for
tho purpose o f retiring all sectional bonds at maturity, at which time they
must bo paid off. Th e remainder are issuable for improvements, additions.
&c. Th ey aro guar, unconditionally as to prin. & int. by the Penn. Co.
Tho ten series aro all equally secured. See adv. in ‘Chronicle” M a y 21
1892 and guaranty on bonds. V. 96. p. 488; V. 97, p. 365. 596; V. 90, p.
303,1555; V. 91. p. 337; V . 92. p. 1243; V. 98, p. 1461; V . 99, p. 199; V . 100,
p. 475; V . 103, p. 2342. Equip, trusts June 30 1916, $5,132,577.
T o retire the $1,899,000 old Donds o f Terre Haute & Ind. (old Vandalla
R R .) an equal amount o f consols o f 1905 was reserved. See V. 80, p. 1243.
1236; V. 81. p. 1728; V. 82, p. 162. 630; V. 86. p. 1531; V . 90. p. 850. 915!
E A R N IN G S .— 12 months ended Dec. 31:
Gross
Net
Other
„
Earnings.
Earnings.
Income.
19 16..........$50,706,455 S12,035,745 $705,245
1915 ........ . 41,445.690
9,246,126 735,592
Fixed.
Charges.
$7,150,346
6,196,926
Balance.
Surplus.
$5,590,644
3!784,792
R E P O R T .— Report o f old Pitts. Cln. Ch. & St. Louis Railway for 1915.
V . 102, p. 1431. 1449; o f Vandalla R R .. V . 102. p. 1342.
’
Results fo r Year ending June 30 1916 and Calendar Year 1915.
Leading Constituent
-P itts. C. C. & St.L. Ry.----------Vandalia R R ______
Companies—
1915-16.
1915 (Cal.)
1915-16.
1915 (Cal.)
Gross earnings...............$47,370,153 $40,852,466 $12,486,643 $11,426,270
T otal not Income........... $12,559,786 S9,185,539 $2,819,377 $2,317,126
Bond interest, & c-------- $6,134,925 $4,459,617- $1,758,275 $1,544,364
Sinking fund-------------960,030
941,130
166,819
168,834
Preferred dividends___(6)1,794,972(4)1,196,640
..
Common dividends-------- (2)751,904 (2)751.916
(2)292,278 (2)292*278
Balanco, surplus----- $2,917,955 $1,836,236
*602,005
*311.650
Pres., Samuel Rea, Phlla.; Sec., S. H . Church, and Treas., T . H . B.
M cK n lgh t, Pittsburgh.— (V . 103, p. 61, 666, 844, 1033, 1509, 2342, 2429:
V . 104, p. 73, 362, 452.)
*
PITTSB U RG H FORT W A Y N E & CHICAGO R Y .— (See Maps Penn. R R .)
R O A D .— Owns Irom Pittsburgh, Pa., to Chicago, 111., and branch. 470
miles. Double track, 470 miles.
From July 1 1869 leased for 999 years to the Penn. R R .; rental pays Inter
est. sinking fund of debt and 7% on stock, payable Q.-J.
In 1901 an extra dlv. o f 2% was declared, on both stocks, but it w ill be
paid on guar. spec. stk. only in case courts so decide; V . 72, p. 821,1188.
C A P IT A L STO C K .— The special Improvement stock Is Issued to Penn.
R R . for Improvements, &o.. under Article 16 of lease, which provides that
no
[V o l . 104.
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
F or abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
1,854
P ittsb C in cin n a ti C hic & S t L R R (new)— Stock.
581 1883
Ohio St L & Pitts cons M (S22.000.000) g -.U n .x o& r
1890
" A ” gold.xo*
1892
Pittsb Cin Chic & St Louis R y —
“ B ” gold.xo*
1892
Consolidated mortgage $75,000,000 “ C” gold.xo*
gold guaranteed prln & Int (end) by “ D” gold.xo* 1,144 1895
1899
Pennsylvania Company unoondl- “ E ” gold.xo*
1903
tlonally. all equally secured-------- " F " gold.xo*
1907
" G ” gold.xo*
1910
“ H ” gold.xo*
,1913
“ I ” gold.xo*
1914
" J ” gold.xo*
1901
Chartlers first mortgage assumed------------------- xc*
1885
Terre H & Ind cons M (now first) gold assumed.Fz
651 1905
Vandalia R R IC o n s M Scr A sf assmd.F.xc*r&r
651 1907
x
$25,000,000JSorios B assumed----- -------Pittsburgh Cleveland & Toledo— See Baltimore & Oh
Pittsburgh Ft Wayne & C— Gen stk 7% gu Penn R R
1871
Guar speolal lmpt stock 7% guar by endorsem ent..
P ittsb u rg h J u n ctio n — Seo Baltimore & Ohio R R ._
Pittsburgh & Lake Erie— Stock auth $50,000.000—
1878
First mortgage gold-----------------zo
1889
Second mortgage gold Series A and B ------------ N.zo
1913
Equipment Trust Certificates-----------------------1882
Pittsburgh McKees & Yough— Stock guar (see text)
1882
First mortgage guar by P S L E and L S & M S.xc
1884
2d M guar p & I (end) by P & L E and L S & M S.xc
1888
MoKeesport & Belle Vernon 1st M gold assu.FPix
Pittsburgh Painesville & Fairport— Seo Baltimore & Ohio R R
P ittsb u rg h & Shaw m u t R R —-Stock-----. . . — . . . .
1909
First mortgage gold red 105---------------C E.xc*& r*
1914
1st lien coll tr notes g red 102 H -------------G.ko*&r*
1914
Notos payable---------------------------------- -— - - - 1912
Equipment trusts due $10,000 sem i-annually..Colx
1913
do
do
$23,000 somi-annually--------1914
do
do
$14,999 quar Jan 17, & c-----1914
do
do
$30,000 semi-annually---------1914
do
do
$8,165 q u a r ---------------------1915
Pitts Shaw & No— Receivers’ certificates — red par.
1916
Receiver’s certificates V. 102, p. 977---------------- x
1914
do
do
--------------------------------
__
Par
Value
Amount
Outstanding
Rais
%
N ew
$100 384,860,208 Seo text
c
A S
1.506.000
5g
1,000
r,
1,000 10,000,009
4H g A S
8,780,000
1,000
4H g A &
c
1.379,000
4H g M S
1,000
M S
c
4,602,000
4g
1,000
F &
3,075,000
1,000
c
J S
9,851,000
4g
1,000
M S
c
4?
1,000 9,170,000
F S
c
4g
2,657,000
1,000
c
F S
4H
7.000.000
1.000
4 >4 M &
3.494.000
1,000
c
3H g A S
625.000
1,000
c
J S
5g
1.899.000
1,000
c
F S
1,000
9,859,000
4g
M &
6.967.000
4g
1,000
100 19,714,236 7 in 1916
100 52.436,300 7 In 1916
50 35.985,600 10 in ’ 16
6 g
2,000,000
1,000
5 c
2,000,000
1,000
2,920,127
4 >4
50 3,959,650
6
2,250,000
6
1,000
1.000.000
6
1,000
600.000
6 g
1,000
100 15,000,000
3.565,000
1,000
4.500.000
1,000
2.862,161
120,000
1,000
1,000
322.000
1,000
60,000
480.000
1,000
dQR
1,000
1.700.000!
1.000
875,000
1.000
15,000
the lessor may Issue special bonds or stock. See V. 50. p. 139. and wording
of endorsement In V. 56, p. 774. The special stock Is In all respects s u d
lect to the general or prior stock and to “ the rights of holders of said general
or prior stock to have distributed to them In quarterly Installments an annual
dividend fund of $1,380,000. free of all taxes.’ ’ This special stock Is Issued
from time to time for betterments; In 1902, $1,418,300; In 1903, $2,010,400;
in 1904, $4,959,200; In 1905. $3,341,900; in 1906. $3,029,700: In 1907,
$1,431,900: in 1908. $2,681,300; in 1909. $1,552,800: In 1910. $1,654,100.
In 1911 $3,338,300; In 1912. 51.993,400; In 1913, $2,410,000. O f the
$52,436,300 guar, special stock outstanding Doc. 31 1916 $48.50->.500
was owned by Penna. C o. V . 97, p. 365. N o bonds out. V. 94, p. 1627.
R E P O R T .— 1915, lessee’s profit, $2,269,451; 1914, loss, $755,218; 1913.
profit, $401,271; 1912, $1,452,953; 1911. $1,0(8,852; 1910, $1,574,986.
1909. $1,748,115; 1908, $1,563,072.— (V . 97, p. 365; V. 99, p. 121, 344.)
P IT T S B U R G H & L A K E E R IE R R .— (See Maps N . Y . Central RR.)
— Owns from Pittsburgh, Pa., to Haselton, O., 65 m ., to bo 4-tracked;
branch lines to Newcastle, Elwood C ity. &c., Pa., 10 m.; total owned, 75 m.
(o f which 68 m. doublo track); 46 m. 3d and 43 m. 4th track; leases Pitts.
McKeesport & Yough. (which see), 118 m .; M ali. State Lino R R ., 3 m.;
trackage rights Monongahela R R .; 1. m .; Forrona branch, Erie R R ., 24 m.;
Haselton to Youngstown, 2 m.; total, 224 miles.
In M ar. 1916 purchased and merged the Beaver Sc Ellwood R R .
In Jan. 1910 a 99-year traffic agreement was made vvitn the Western
Maryland, which completed July 1912 an 87-mile connecting line with the
Pittsburgh & Lake Erie. V. 90, p. 237; V . 92, p. 874
Th e Lako Erie & Eastern R R .. 8*4 miles, oxtending from Strothers, O..
on the main line o f the Pittsburgh & L . E. northwesterly through Youngs
town. which is Jointly owned by tho company and the Mahoning Coal R R ..
was opened about Jan. 15 1915. V . 99, p. 1911; V. 100, p. 399; V . 100, p.
449. As to L ittle Kanawha R R . see caption o f that company.
S T O C K .— Operated in harmony with tho N . Y . Central, which. Doc. 31
1915, ownod $14,994,250 of $29,988,000 stock.
,
. ,
Stockholders voted in 1916 to increase tho authorized capital stock
from $30,000,000 to $50,000,000 for “ corporato purposes,” at not less than
par. as and when ordered by tho board, tho stockholders to havo the first
privilege to subscribe, present issue, S6,000,000. See dividends below.
V . 103, p. 494; V . 102, p. 1718.
„ „„
t _
P . & L . E . owns stock and securities o f Pitts. Chic. & Yough. R y ., $1,
470,000, and o f M on. R y ., $2,500,000; Mahoning Stato Lino R R ., $96,200;
Pittsburgh & Clearfield R R ., $107,000; Lako Erie & Eastern R R ., $105,000.
As to guaranty o f bonds o f M on. R y ., see that company s statement.
Tho Pittsburgh & Lake Erie and N . Y . Central It It. Jointly own $3,078,
900 o f the $3,959,650 Pitts. M cKeesport & Youghioghony R R . stock at
$65 per $50 share. V. 94. p. 768.
1f. . „ tf.
Covenants to pay N ew Y ork Central Lines oquipmont trusts o f 1913, its
sharo o f the amount outstanding Doc. 31 1916 being $2,920,127.
D IV S .— J’86-’91. ’92-’06. '07. ’08. ’09. ’ 10. ’ l l . '12. ’ 13. ’ 14-’ 16. ’ 17.
Per c e n t ..\6 yrlv. 1 0 vrlv 12 11 10 50 35
22 15
10
5. —
An extra dividend o f 20% was paid Aug. 12 1916. and simultaneously
shareholders wero allowed to subscribe at par for 20% (35,997,600) new
stock, increasing outstanding amount to $35,985,600. V . 103, p. 494.
C— J
1
Q— J
F
J
A
J
J
J
J
J
Last Dividend
and Maturity
Places Where Interest aml
Dividends are Payable
Now— Seo text
When
Payable
Treas office. Pittsb. Pa
Reg Penn R R , N Y coup
Penn R R Co., N Y
do •
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
___ if flee. Pittsburgh,Fa
Pa R R Co, N Y
do
do
Treasurer, Pittsburgh
o Get 1 1932
o Oot 1 1940
o A pr 1 1942
N
N
A
D
N
A
A
N
()
J
A
N
N ov
N ov
Aug
Deo
N ov
Feb
Aug
M ay
Oot
July
Feb
N ov
11942
l 1945
11949
1 1953
1 1957
1 1960
1 1963
1 1964
11931
1 1925
1 1955
1 1957
Jan 2 1917 1H Winslow, Lanler& Co.NY
do
do
Jan 2 1917 1
& A Fob 1 1917 5% Co’s Office, Pittsburgh
do
do
& J Jau 1 192S
New York Trust Co, N v
S O Jan l 1928
c
Guaranty Trust Co, N Y
Sc J Jan l 1928
N *
3% Union Trust Co, J
S J Jan 1917
c
do
do
S J July 1 1932
c
do
do
S J July 1 1934
c
Fid Title & T r Co, Pittsb
S J July l 1918
c
5g
6 g
5
6
5
j
M
intern Bkg C o.N ew Y org
Guaranty Trust Co, N Y
5
M
6
6
5
Various Aug-Sept ’ 17
M S S Mcii 1 1918
c
J Sc D June 1 1917
Columbia T r Co, N Y
do
• do
4th St N a t Bank.Phlla
Columbia Trust Co, N Y
Fourth St N a t Bk, Phlla
Columbia Trust Co. N Y
do
do
do
do
S I) Dec 1959
c
Sc N M a y 1 1917
Aug 1 1917
M Sc N T o N o v 1922
M & N T o N o v 1923
&
N N o v 1 1924
E A R N IN G S .— Yoar ending Juno 30 1916, rental, $534,454; other ineomo,
$141,542; int., taxes, Sec., $788,760; bal., dof., $116,122.
D IR E C T O R S .— Theo. P . Shouts, W in. Shlllabcr, John Hubbard, Edwin
E. T a lt, Henry E. Huntington, Dwight C . M organ, John S. Porter, Nathan
L . Strong, L. G. Bonstoin, A . C. G riffith , R . E . Ball, W . W . Morrison,
F. I I . Davis, C . B. Alexander, E. F . Soarles, S. A . Van Dervccr, F. A .
Schm idt— (V . 98, p. 1538; V. 101, p. 213, 1974; V. 103, p. 666.)
P IT T S B U R G H S H A W M U T & N O R T H E R N R R .— Oporates a road
extending from bituminous coal fields in Elk, Jefferson and Armstrong
counties. Pa., northerly to Wayland. N. Y .. a distance of 152 miles, with
branches. Total now operated, 294 miles. The allied Pittsburgh S Shaw
c
mut R R . (which see above) bas under construction a line running through
extensive coal fields (large areas being owned by those identified with the
enterprise) to river front in Pittsburgh district. The enlarged system will
aggregate 300 miles and will, it Is stated, form the shortest and lowest-grado
mute of any existing line between the Pittsburgh region and central New
York and the New England States, via the Erie and tho D. L. S W ,
c
Trackage—
M ile s .
Owned—
M iles.
6.17
Wayland, N . Y . , to H yde, P a . 144.61 H yde to Brockwayvillo, P a
Prosser to Oiean, N . Y ________ 9.01 wayland to Wayland J c t.,N .Y . 1.24
St.
Kasson to Hazlehurst, P a ___________ 4.81 M a ry ’s, D epot to Junction 0.42
Paine Jet. to Cardiff, P a _______12.08 Brockport to Horton C ity , P a . 2.41
Brown’s Run Branch_________ 1.54
T o ta l operated____________ 201.67
Leased—
Moraine to Hornell, N . Y _____ 10.38
Ciariou River R y ____________ 12.00
Th e Pittsburgh & Shawmut R R ., 90 miles, thorotofore operated under
leaso was on Aug. 31 1916 to be turned back to ts own officors. V , 103, p .
666.
R E O R G A N IZ A T IO N .— On Aug. I 1905 Frank Sullivan Smith was ap
pointed receiver. V. 101, p. 208: V. 92. p. 188; V . 96. p. 864.
In Dec. 1915, following committeo employed an expert engineer to in
vestigate on what basis, if at all, thoy should undertake to reorganize the
company, and consolidato it w ith tho allied Pittsburgh & Shawmut R R .:
Committee: Samuel Fuller, o f Kissel, Kinnicutt & Co.; R. W alter Leigh,
of Maitland, Coppell Sc Co.; Charles Sargont. o f Kidder, Peabody & C o.
Theodoro P . Shonts, Frank IT. Davis and John Hubbard (acting Secy.).
V. 10L, p. 1974. This committee is said to represent tho receiver’s certifi
cates o f tho P . S. & N . R R . and tho stockholders, bondholders and note
holders o f the Pittsburgh Shawmut R R ., which company owns approxi
mately 80% o f tho Refunding 4% bonds and a part o f tho first 5% bonds
of tho Piitsburgh Shawmut Sc Northern R R . Co. In A pril 1916 tho com
mitteo announced that a m ajority o f each class o f bonds had boon deposited
with tho Columbia Trust Co. as depositary.
Protectivo committee for P. S. & N . bonds. Howard Bayne, Chairman
A. N . Hazeltine, Sec., 60 Broadway. N . Y . V. 102, p. 438.
;
Receiver’s certificates. V. 88, p. 1129, 1194; V. 92, i>. 323, 396: V. 101,
p. 208, 213, 449; V. 102, p. 977. In Juno 1914 $525,000 3-yoar 5% certifi
cates were deposited as collateral for loan used to pay o ff cortifs. o f like
amount duo June 1 1914. V. 98, p. 1920. Car trusts o f 1907 issued by re
ceiver. V. 86. p. 169. As to suit touching receiver’s certificates, seo V .
101, p. 2145. Loans and bills payablo outstanding Juno 30 1916, $530,388.
E A R N IN G S .— 11 months ended N o v . 30;
. , „
„ , _
Tho $5,836,000 old firsts o f 1899 exchangod for the bonds o f 1902 havo
r*
Gross Earns. Net Earns.
Other In c.
Fixed Chgs.
B a l.,S u r.
not been canceled. V. 75. p. 291.
1916____ $22,157,757 $10,644,930 $1,267,916 $2,513,292 $9,399,554
1915....... 16,374,398
7,674.362 1,042,948
1,934,434
6.782,867
R A IL R O A D E A R N IN G S .— (1916-........ Gross, $836,443; not, $33,064
6 mos., July 1 to Decembor 31.\ 1915.......... Gross, 207,089; not, 3 6 , 8 2 5
R E P O R T .— For cal. year 1915, V. 102, p. 1535.
Cal.
Gross
Net after
Other
In t. A
D ios.
Balance,
R E P O R T .—-For yoar ending Juno 30 1916 gross, $2,405,640; net,
Year— Earnings. Taxes,Ac.
Incom e. Charges.
(1 0 % ).
Surplus.
after taxos, $575,299; other income, $254,613; interest on boiul3, &c.,
$
S
S
$
$
$182,784; rentals, See., $577,732; bal., $69,396.
1915 ......... 18,196,068 8,617,787 1,033,888 2,082,697 2,998,800 4,560,979
Acting Pres, and Receiver. Frank S. Smith, 60 Wall St. Seo directors o f
1914
15,507.365 4,014.440 1.044,155 1,575.176 2.998.800 1,084.614 Pitts. & Shawmut above.— V . 102, p. 438, 977, 1626; V. 103, p. 666.)
— (V . 102, p. 1060. 1437, 1535, 1718; V . 103, p. 239. 321, 494.)
P IT T S B U R G H & S U S Q U E H A N N A R R .— Owns Wlgton to Fernwood,
PITTSB U R G H M cKE ESPO RT & YO U G H IO G H EN Y R R .— (S f« Map*
Pa., 15.35 miles; branches and spurs, 6.14 m.; trackage, W igton to PhllllpsNew York Central Lines).— Owns from Pittsburgh to Connellsville, Pa..
burg. 0.52 m.; total. 22.01 in. Incorporated In Penna. Aug. 15 1013 as
£6 70 miles; Bello Vernon Jet. to Brownsville Jet.. Pa.. 38.52 m.; branches,
successor o f company o f same name sold at foreclosure sale June 2 1913.
2L00 m.; leases, 2.00 m.; total. 118.22 m.. of which 93.04 miles double tr’ k
V. 96, p. 1630; V. 97. p. 522. Stock authorized, $2,000,000; outstanding,
L E A S E — Leased to Pittsburgh S Lake Erie R R . for 999 years. Rental $362,000. Bonds. $500,000 auth.. Clearfield (P a .) Trust Co., trustee,
c
s 6% on the stock, principal and Interest of the Pittsburgh MoKeesport & see tablo abovo. V. 97, p. 1287. Year ending June 30 1911 (old co .),
Youghioghony bonds being guar, by P itts. & L . Erie and Lako Sh. & M ich. gross. $60,623; net, $8,329; other Income, $7,958; int., taxes, &c., $18,371;
Sou. (now N . Y . Central R R .) coinpanlos. tho guaranties being endorsed on bal.. def., $2,084. Stock auth., $2,000,000. Pres.i C. H. Rowland.
the share certificates and bonds. The guaranty of the stock is on the ex Phillipsburg, Pa.; V .-P .. L . T . McFadden. Canton. Pa.— (V . 97, p. 1287.)
press condltlon')that the holder shall accept par for the same on July 1
P IT T S B U R G H T E R M . R R . & C O A L C O .— Seo Pitts. & W . Va. R y .
1934
See wording of guaranty In V. 56. p. 774. Stock authorized,
P IT T S B U R G H & W E S T V I R G I N I A R Y .— Owns road extending from
$4,000,000: first mortgage bonds authorized, $2,250,000: second mortgage
bonds authorized. $1,750,000. Profit to lesseein 1915. $2,212,083, of which a connection with Wheeling & Lako Erio R y., noar Jewett, O., easterly
to Pittsburgh, Pa., about 60 miles; also connection with Penna. Co., and
one-half was payable to the Lake Shore & Michigan Southern.
extensive terminals at Pittsburgh, and the entire $14,000,000 stock o f Pitts
Tho Pitts. & Lako Erie and Lako Shore Sc M ich. Sou. (now N . Y . Central
R R .) offered jointly to purchase tho stock at $65 per $50 share;$3,078.900 burgh Terminal R R . Sc Coal Co., with its equity in 15,000 acres o f coal
lands in Allegheny and Washington counties, Pa. V. 101, p. 44.
acquired up to Dec. 31 1915.— (V . 94, p. 768.)
in Bonn.
PITTSB U R G H & SHAW M UT R A IL R O A D .— Owns from Erio June., o f O R G A N IZ A T IO N .— Incorporated foreclosed in Dec. 1916 as successor
Wabash Pittsburgh Terminal R y .,
per plan in V. 103, p. 940;
Brockwayvillo, Pa., to Freeport, Pa., 104 miles, tho 8 'A miles into Freeport V. 104, }). 74, 258. The plan assured to tho new company: (a) Complete
having been completed in Dec. 1916.
indopenilence: (6) ownership o f all stock and consols o f tho Pitts. Term . R R .
B O N D S A N D N O T E S .— In 1910 sold $4,000,000 o f an authorized $12, & Coal Co. (the “ Coal Company” ); (c) reduction o f fixed int. charges, incl.
000,000 o f 50-yr. 5% g- bonds, callablo at 105; aim. s. f., $100,000, beg- subsidiaries, front S2,783,252 to $261,103. Tito old 1st M . bondholders
Dec. 1914. Tho bonds are secured on the 95.24 m . in operation; also pledge were required to pay att assessment o f 30% ($9,070,000, underwritten by
o f $11,953,000 o f $14,491,000 ref. 4s and $58,000 o f $164,000 P tts. S & Sutro Bros. & Co. and H . P. Goldschmidt & C o.), in order to discharge
N or. 1st 5s outstanding, pledge o f entire $3,607,262 Allegheny River M in receivers’ certificates, judgments, &c., and meet the costs o f reorganiza
ing Co. stock. Total bonds issued M a y 1914, $10,500,000, o f which $4, tion, and received in all 30% prof, stock and 100% common. V. 103, p.
000,000 wero deposited as security for 3-year notes (see below ), and $2,500, 2080. In F’ob. the new company had not actually taken possession.
000 other income notes maturing after tho 3-year notes.
S T O C K .— Tho now prof. 6% (p. Sc d.) stock w ill bo cum. aftor Jan. 1
Tho $4,500,000 first lien coll, trust 3-year 6% gold notes aro secured by
1921; it is subject to redemption on 90 days’ notlco at 105% and dlvs.
(1) $4,000,000 Pitts. & Shawmut 1st M . 5% bonds; (2) $3,000,000 A lle
B O N D S , Sec.— Tho now company has made no bonds. Tho undisturbed
gheny R iver M ining Co. 1st 5s (entlro issue), and $2,500,000 market value
hlgh-grado securities. Seo V. 98, p. 1538; V . 93, p. 54; V. 96, p. 1490. obligations include: Pitts. Term . R R . & Coal Co. 1st M . 5s o f 1902, duo
Equipment trust notes, V. 96, p. 361, 488. Loans and bills payablo Dec. July 1 1942, $3,922,000 (V . 78, p. 703): West Side Bolt R R . 1st M . 5s.
due Sept. 1 1937, S379.000; underlying real estate mtgos., $795,868.
31 1916, $1,240,000.
F e b ., 19L7. j
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 , & 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
B onds
Par
V a lu e
A m oun t
O u ts ta n d in g
Pittsburgh Shawmiit & Northern (C o n clu d e d ) —
first mortgage gold $ 1 2 ,0 0 0 , 0 0 0 ----------------- Eq.xo*
1899
$ 1 ,0 0 0
Refunding mortgage gold $15,000,000______ ______x
1902
1,000
Car trust (receiver’s) due $11,000 semi-annually, x
1910
1 ,0 0 0
Locomotive trust (receiver’s) SI .309 quarterly____
1913
Pittsburgh & Susquehanna RR— 1st M g rod 105
20 1913
100 &c
Pittsburgh Virginia & Charleston— See Pennsylvania RR
Pittsburgh & V/cst Virginia Ry—•
Now common stock par $100 a share
Pref stock 6 % (p & d) cum after 1920; call 105 & dlv
100
West S Belt RR requip, cert V. 102, p. 11(54
C
1916
West Side Belt 1st M g _ .
UPix Text
1,000
1897
Pittsburgh Term RR & Coal Co 1st M gold CPi.xc* Text
1902
1 .0 0 0
Pittsburgh & Western— See Baltimore A Ohio RR
Pittsb Westmoreland & Somerset— 1 st M $700,000g.N
1 ,0 0 0
25.6 1905
Debentures (6 % interest duo April 1 1918)..............
08-’ 10
Pitts Youngst & Ash— Com stk $5,000,000 7% guar.
100
138
Preferred stock 7% guaranteed $9.100,000......... .
138
100
Consol mtge sinking fund 1% not drawn____F.xq*
123 1887
1,000
138 1908
First general mortgage $15,000,000 gold s f . .Cc.xo*
1,000
Portland & Rochester— See Boston & Maine RR
Portland & Rumford Palls RR— Stock SI. 0 0 0 ,0 0 0 ...
100
Portland & Rumford Palls R y—Stock 8 % guaranteed
100
Cons (now 1st) M $1,000,000 gold________ OB.zc*
64 1896
1 .0 0 0
Debentures sinking fund gold $350.000--------------- zo
1897
500 Ac
Collateral trust bonds $500.000 sinking fund-------- x
1904
500 &o
Debenture bonds guar p & 1 by end by M e Cen RR
1915
Portland Term Co— P On St bds (not M) ser A AB g s f
'8 7 -’89
1 .0 0 0
Portl Term Co new M $10,000,000 ggu (text)xc*&r*
1911 1 .0 0 0 &c
Port Reading— 1st M g guar by old P A R ..PeP.xo*& r
21 1891
1,000
Potoin Pred & P— 1st M g red 105 since Deo '09-PeP.
38 1909
1 ,0 0 0
Potosi & Rio Verde— 1st M $15,000 pm call llOG.xo*
40 1898
1 .0 0 0
Providence Sc Springfield— See New York New Haven AHar tford
Providence Terminal— See New York New Haven & H artfor d
Providence & Worcester— Stock (10% rental)_______
gt
100
First M (ref) cur $1,500,000 (V 63, p 1 0 6 4 )......... zo*
51 1897
1 .0 0 0
Pueblo Union Depot & RR— First mtge gold
Mp.zo
1889
1,000
Pug Sd & Will ffar— Tr ctfs g gu p&i rodl02HUsxr
6 6 1913
100
Quebec & Lake St John— 1st M dob stock guar____I 2 8 6 14 1912
■ Includes $78.00(1 held alive by sinking fund June I3 () i<n 5.
i
Equipment certificates of West Side Belt R R . mature $85,000 on Mar 15
1917 and in nine installments of $43,000 each and nine installments of $42 000 each, payable alternately on Mar. 15 and Sept. 15 in each year begin
ning on Sept. 15 1917 and ending on Mar. 15 1926. V. 102, p. 1164.
E A R N IN d S — 6 m os., (1916.................... Gross, $678,040; net, $163,876
July 1 (o Dec. 31.
\1915----------------- Gross, 508,916; net, 102,684
F or year ended Juno 30 1916 (V. 103, p. 1115):
(i n c l. W e s t S id e B elt R R .) f o r Y e a r en d e d D e c . 31.
16. D e c . 3 1 ’ 1 5 .1
D e c 31 TO D e c 3 1 ’ 15
Gross ea rn s..S i,927.562
$1,317,362 Gross income. $774,531 $436,286
Net, aft. taxes
663,218
333,3661Interest, rents.
Other incomo.
111,313
102,9201 imp’ts, &c_ 337,369
353,194
O p e r . R es u lts o f R R .
D e c .31
Gross in c .. $774,531
$436,286]
Surplus____ $437,162
$83 093
— (V. 101, p. 44. 482, 919; V. 103, p. 494, 067, 759, 940, 1115, 2080, 2157,
2239, 2343; V. 104. p. 74, 257.)
II i
R a te
$164,000
14,491,600
99.000
1.309
362.000
5 g
4 g
5
5g
J
30.500,000 .
9.100.000 .
850.000
379.000
3.922.000
5
5 g
5 g
M & S 5 5 M ar 1917-26 N Y , Blair & Co; & Pitts
S .Sept 1 1937
Pittsb’h, Colonial Tr Co
~ July 1 1942
do
do
600.000
48,900
2 . 1 0 0 .0 0 0
9,088.800
1.562.000
3.834.000
W h en
P a y a b le
%
A
s *
7
7
5
4 g
&
&
| L a s t D iv i d e n d
a n d M a tu r ity
Feb 1 1949
Feb 1 1952
To Dec 1 1920
To Feb 1 1917
.1 July 1 1943
a la c e s W h e r e I n t e r e s t a n d
D iv id e n d s a r e P a y a b l e
Feb 1905 lnt last paid
do
do
Columbia Trust Co, N Y
Fourth St Nat Bk, Phila
First coup due July 1915
O Oct 1 1955
Apr 1 1918
Mar 1 1917 1 % Treasurer, Pittsburgh
Mar 11917 1 H
do • •
do
Nov 1 1927
Pennsylv RR Co, N Y
June 1 1948
do
do
Q— M
Q— M
M & N
J & D
1,000,000 See text See text
8
Q— F
901.000
4 g
M A N
350.000
&
4 g
500.000
4
A
4
&
300.000
300.000
4
A
4.500.000
4 g
&
1.500.000
5 g
&
390.000
4 g
&
A
a600,000
6 e
See text
Fob i 1917 2%
Nov 2 1926
Aug 1 1927
Feb 1 1924-34
Juno 1 1935
J & J 1927 to '29
July 1 1961
Jan 1 1941
June 1 1949
Oct 11918
3.500.000
1.500.000
357,000
2,999,500
£895.688
Mar 30 '17, 244 Checks mailed
Oct 11947
R I Hosp Tr Co, Prov, RI
Sept 1 1919
Metropolitan Tr Co, N Y
Juno 1 1918
Perpetual
London and Toronto
2 .0 0 0 ,0 0 0 :
10
4
a*
48
5
A
Q— M
& O
A S
& D
& J
Portland, Me
Portland, Me
Old Colony Trust, Boston
Portland, Me
do
do
Portland, M e and Boston
N Y , Boston & Portland
Reading Terminal, Phila
Penn Co for Ins. Ac, Phila
82 Beaver St, New York
yearly to a sinking fund to redeem bonds. Latter are purchasable at not
to exceed l()a and lnt. Operations are all at cost for benefit of tenant lines.
® eo iong C | ? SB for >'car ending Juno 30 1916, $53,367: int. and taxes.
o’n a
X?
$29,318; outside revenues, $23,012; bal., charged to tenant lines, $59,693.
Asst. Sec. & Asst. Treas., A . S. Booth, Pueblo, Colo.
PUGE T SOUND & W ILLAPA HARBOR R Y .— Tho 5 % 5-year trust
gold certifs. are secured by tho ontiro stock of tho company under an agree?n°iT^ Pr.ov*dmg that the St. Paul shall purchase tho stock at par on June 1
o
1918 unless tho certificates aro sooner redeemed.— (V. 96, p. 1700, 1839.)
t
O.UANAH ACME & PACIFIC R Y . — Included in reorganization of St.
Louis & San Francisco R R . See below.— (V. 102, p. 8 8 6 .)
QUEBEC CENTRAL R Y .— V. 101. p. 1465; V . 103, p. 1688.
r
LAKE ST. JOHN R Y.— Owns Quebec, Can., to Roberval on
Lake St. John, 190 miles, with branches Chambard to Chicoutlni, 51 m .,
S2oiJ^a 1 none Jet. to La Tuque, 40 m.: Gorford branch, 5 H m .: total,
PITTSBURGH WESTMORELAND & SOMERSET RR.— Owns from
m ’ , W 94. P- 279. 1186. Controlled by Canadian Northern R y.
Llgonier, Pa., to Somerset, 25.6 miles: completed In June 1906
Stock
V. 98, p. 1600, 1607. Stock outstanding, $4,524,000.
$700,000, outstanding $600,000: par. $100.
1
t c P n n ¥ 2 v i re£ t k ™ The, h 1
% :
£ ?,?rs,£ f t h 0 pr,or Hen, 1st M .an d Income bonds
There were also $36,948 equipment trust obligations. For v e a r e n d in g
(£500,000. £442,400 and £610.600. respectively) ln 1911-12 exchanged the
Juno 30 1916, gross, $17,103; other incomo, $778; total deductions S25 4 i: 5 same except £54.800, £105,400 and £142.300 for par, 70% and 13 % , re
spectively, in new 4 % debenture stock carrying interest from Jan. 1 1 9 1 1
bal., dcf., $39,798. Pres., Chas. Cochran; Sec. & Treas.. L ir' Allen
Llgonier. Pa.— (V. 81, p. 1849; V. 90. p. 373.)
’ and guaranteed, p. & L. by Canadian Northern Rv. V. 94, p. 279, 1186.
Immediate Issue of deb. stock was expected to bo $6,600,000, to take up
PITTSBURGH YOUNGSTOWN & ASHTABULA R Y.— Owns Kenwood. the bonds on the railway and Lake St. Joseph Hotel; also the floating debt
Pa., to Ashtabula Harbor, O.. 99 miles; Niles to Alliance Junction O *>5 lest, at S I,570,000) and pay for additional rolling stock, $430,000, &c.,
miles; Homewood to Wampum Juno.. 6 miles: Lawrence June to New additional amounts Issuable at $30,000 per m. for new construction and
Castle, 3 miles; Bessemer Branch, 5 miles; trackage, 1 mile
Total n o
further amounts for new terminals, rolling stock, betterments, &c. The
miles. Pennsylvania C o m p a n y owns $5,775,000 of the pref. stock and also company will have the right to create mortgage bonds on new extensions
the $2,100,000 common. Leased to the Pennsylvania Co for 999 vears ranking ahead of tho consol, debenture stock provided that such bonds are
from July 1 1910, the rental to cover all charges, maintenance and 7%
guaranteed as to p. & L by the Dominion of Canada or Provincial legisla
dividends on both classes of stock, the cost of betterments to be renresenteri tures. V. 94. p. 1317.
by stock or bonds bearing such rate of dividend or Interest as' mav hr — (V, 94, p. 1186. 1317; V. 95. p, 298. 1746; V . 96. p. 361.)
satisfactory to the lessee. V. 90, p. 915. 1364; V 92. p 1243. as,may be
QUEBEC M ONTREAL & SOUTHERN RY.-— Owns St. Constant Jet.
BONDS.— First gen. mtge. bonds of 1908, 315,000 000 auth or which
to main line, Napierville Jet. B y ., Que., 1.40 miles; St. Lambert to For$3,834,000 outstanding, $145,000 having beencanceled bysinking fund
W
, e’„Que- J 6»-69
Bellevue Jet. to Noyan Jet., 80.09 m .; total,
V. 87. p. 416; V. 97. p. 729; V. 98. p. 1538. 1994; V 99, p. 50
8
192.18 miles. Napierville Junction R y., also owned by Del. & Hudson,
E A R N IN G S.— In 1915, gross, $6,876,427; not
r4.> r
.fi0.
fn
operates from Rouses Point to St. Constant Jet., 27.06 miles.
Stock authorized. $2,000,000: outstanding, $1,000,000. all owned by the
lessoe, $1,544,925.— (V. 100, p. 2086; V. 101, p. 371; V.' io 2 .p . 1812? 1 988.)
Del. & Hudson. Certificates of indebtedness, $6,000,000. For year ondPONTIAC O X FO R D & NORTHERN R R .— (V. 103, p. 6 6 6 .)
Ing June 30 1916, gross, $383,654; exp. & taxes. $170,834; other in
come, $231,492; charges, $259,655; deficit, $124,342.— (V. 84, p. 627.)
PORTLAND & RUMFORD FALLS RR.— Leases for l 000 vears from
April 1 1907 tho Portland A Rumford Falls Ry. and the Rumford Falls A
*
& CRESCENT.” — Common name for Cln. N. O. A Texas Pao
Rangeley Lakes R R .. together extending from Oquossuo Me
o Rumford
Ala. Gt. Sou.. New Orl. A N. E.. Ala. A Vicks, and Vicks. Shreve. A Pao.
Junction, 90 mlles.wlthbranchto Livermoro Falls, 10 miles-total imvmnrs
Lease "■’''"•/l,*! tn r
«n linndnd
.L - .
:OCai* iUl);miieS
RAHW AY VALLEY RR.— Owns Aldene. N. J., on Central RR. of New
$2 ,0 0 1
_
_
A Rangeley Lakes RR. The company Is Itself leMed"to” theMalnnU
Centrni Jersey, to Roselle Park on Lehigh Vn'iey R R ., and Summit, on the Del.
Lack. & West., 10 miles. \ . 83, p. 380. In 1915 was operated under
RR. V. 84. p. 8 6 8 : V. 85. p. 922. Has SI.000.000 auth stock
Dlvl
Kahway \alley Co. (stock paid in, $9,900; debt, none); rental,
donds. 6 % per annum since 1907. Of tho $2,051,000 bonds of the* Railway
59-200 p. a. In Feb. 1915 the capital stock paid in was $49,200; bonded
s e e a v ° T d l , p 5 7703
°
iU 8,nk,ng funds ln F o b ’ 1016:^ debentures o f % 7 . debt, $72,000: floating debt, $423,985. V. 80, p. 1720.
Stock auth. $400,000; outstanding, $213,200. Bonds auth., $400,000 1st
PORTLAND & RUMFORD FALLS R Y .— See Portl. & R . F. RR . 25-yoar 5s duo July 1 1931. Of tho bonds $328,000 with $164,000 stock
were at last accounts deposited as collateral for notes payable. For year
PORTLAND TERMINAL CO.— Owns railroad property In the cities of 1913-14 (R. V. Co.), gross, S31.318; net, $2,778; other Incomo, $1,422;
Portland. South Portland and Westbrook: sub-leases from Maino Central charges, $4,009; Improvements, $3,589; bal., def., $3,398. In 1914-15.
the property belonging to tho Portland & Rumford Falls RR
and
.e9b;2p’.1699 .)PreS- ° f R ' V ’ Co” C ’ J’ Wittenberg, Spring!
Portland A Ogdensburg Ry. Furnishes terminal facilities at Portland field.’ N j - ( V n
(Including passenger and freight stations, wharves, coal-dlseharirlna
plants, *)*) U and yardi/incn.i G 07for 1O A r I p.mlri 9.1 O and i .o s to n - & Maine*
shops i I/ui n 1 facilities)
the Maine Central .1 n B ■ .
R AIL R O AD SECU RITIES C O .— Owns $9,200,000 Illinois Central
I IIP V a
I
1 O
_
1
stock, of which $8,000,000 pledged for Its interest certfs., interest at 4 %
(cumulative) being payable If received from dividends on tbe shares pledged,
the stock itself being deliverable to tho holders of the certificates at maturity
Portland Union Ry. Station Co. V. 92,p . 1566. Tho tenant companies unless the option to call at 105 Is In meantime exercised. V. 74, p. 937, 1039.
L
’W *'> Proportion to use all costs of maintenance and operation. Stock.
Union lacific on June 30 1915 owned $3,484,920 com. and $1,936,900
S I,000,000, all owned by Maino Central.
pref. stock. Dividends on pref., 1902 to Apr. 1 1914, both incL. 4 % yrly.
.B O N D S .— The Boston & Maine and Maine Central Jointly guarantee the
f e
1906.' 2 ‘U % . - % . ] 99? pnT l 3 U
P’ 1131* ° n common’
*
$300,000 bonds of 1887-89. V. 93, p. 910. Tho first 4s of 1 9 1 1 (810 000 w
*??uo: Fidelity Trust C o., Portland, M e., trustee), aro guaranteed
RALEIGH & CHARLESTON R R .— Owns Lumberton, N . C ., to M aby Maine Central, prtn. and hit.; the unissued $5,500,000 aro reserved for
„ S P b s S G Vn 3 • ’
4 In
,
V . 81. p. 1241, 1437. Owns stock of Marion ^ S ou th
extensions and Improvements at not exceeding cost. V. 9 5 , p . 1 3 3 2 , 1 1 0 1 .
ern lilt., 19 miles. Stock outstanding June 30 1914, $574,500, all owned
by Seaboard Air Line Ry. V. 95, p. 892.
.
.
.
v
frnn?Pm ^Rcndfm r°rn^'"~S w ? 3 2 1 1 0 mlIes ot r°a,d’ completed Sept. 1892.
Of the bonds (International Trust Co. of Maryland, trustee). $350,000
from I ort Heading Juno . N. J., to coal piers on Staten Island Sound: sld?^e lst mtge. prior lien 4s and $1,000,000 consols, the first ten coupons on
xo’ nm m K r ^ ’ in rt.M lle3’
s
71.35 miles. Capital stock authorized,
the latter to be paid In cash up to 4 % as earned, the balance ln 10-year 6 %
$2,000,000, par, $100, all owned by Reading Co , $1,555,000 being deposited
Interest-bearing scrip, with Interest payable semi-annually and subject to
18<J? and *440.000 under Its Jersey Central
collateral mortgage.— (V. 55, p. 544. 639, 680.)
1
E?
tlJ consols, $350,000 are reserved to retire the prior Hens
e
and $4o0,000 for future extensions and Improvements. The Seaboard Air
POTOMAC FREDERICKSBURG & PIEDMONT RR.__(3 F t Oanne. \__
Line guarantees all of the bonds. V 9 5 , p . 892 • V' 83 p 97
Fredericksburg to Orange. Va.. 3 7 . 6 miles' Stock auth., $1,460,000: out
^„Yo®LCnoingK
o JVIle 3 0 19J & s r ? ? s ’ 5102,813; net, after taxes, $36,075; int.,
Juno 30 1913, $446,600, p a r , $100. Of tho first gold 4s, $300,000 Is ro(^c., $36,028; bal., sur., $47. Pres., W . J. Ilarahan Norfolk, Va.;lSec. Sc
served for Issue on vote o f stockholders. V. 89. p. 470. For year ending
Treas., Robert L. Nutt, Portsmouth, Va.— (V. 9 5 , p . 892.)
Juno
AS.1 * Bn
,6
0S3’
vv m lnco|
l,
T10- 523.212: charges, $16,500; baL,
RAPID CITY BLACK HILLS & WESTERN RY. — Owns Rapid City,
sur.. *6,922.
Presy, Goo. W . Richards, Fredericksburg, Va.; Sec.. Josoph
L . Savage. Office, Fredericksburg, Va.— (V. 89. p. 470; V. 95, p. 1123.) >r.' D , R ?0 MP k P5
!c’
Incorporated early ln 1909 as successor of
Missouri River A Northwestern purchased at receiver’s sale by the old bondPROVIDENCE ft WORCESTER R R .-O w n s from Providence, It. I., to nolders. V. 8 8 . p . 1254. Stock authorized, com., $450,000, all outstanding;
Worcester, Mass., 44 miles, of which 5 miles are owned lolntlv with Boston A oref. 5/o cum., $250,000. of which $233,000 pref. outstanding: par, $100.
Providence; branches, 7 miles; total owned, 51 miles; July 1 1892 leased for
n.'l'ycar voting trust
Of the 1st 30-year 5s (total $750,000 auth.) ,
99 years at 10% per annum on stock to N. Y . N. H. a H — (V. 63, p. 1064.)
redeemable at lOo on and after Nov. 1 1919, $350,000 have been Issued’
remainder reserved for extensions and Improvements. Payment of Interest
PUEBLO UNION DEPOT & R R .-O w n s union passenger station at
w deferred until Noy. 1914 by bondholders so that earnings might be used
a»s
Pueblo, Colo., with 2.45 miles of track and sidings. Stock auth $300 000’
JmgT ad'i
v
r?
col'Pon 'yas paid ln 1915; one In 1916 and another
outstanding, $40,600: onc-llfth being owned by each of tho tenant roads’ w(iin} { ^ V
BejPaJd M ay 1 1917. For year ending Juno 30 1916, gross, S77 610Denver A Rio Grande, Atch. Top. A Santa Fo, Colorado A Southern’ net, $16,253; int., rentals, &c., $24,176; bal., def., S7.923. Pres., Geo?E.’
Missouri PaclUo and Chlo. Rock Island A Pacific, which contribute $4 000 Macomber, Augusta, M e.; Sec., Charles E. Hoyt, South Norwalk, Conn.
Q r tjfe o ii
W1LKES-D3.RRE'
READING SYSTEM
'hU C
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GLOOMSBUi
Clearfield
RU PERTi
W EST MILTON
Lew isburgj
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suplee J
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V M M E L S T p .W N
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Tuckerton.
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'Bruceville
J
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L and Is v ille '
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IP IG A N T IN i
$ ^ KzC
mffi,cA
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. H ook;
i' - . . T L A N T I C C I T Y
ummnskin
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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 , <fcc., s e e n o te s o n f i r s t p a c e ]
M il e s
R oad
D a te
B onds
Preferred stock 4% cumulative $10,000,000.
rd Air
Kaleisiii & Chari— 1st prior lien bds g red text guar _xo'
43
Consol mtge bonds 51,000,000 gguar red text . .xo'
43
Raleigh & Southport Ry.— See Norfolk & Souther!
Raleigh & Southwestern— See Chesapeake A Ohio.
Rapid City (Hack Hills & West— lst.M red textBq.xoA:
___
Raritan River RR— Stock 31,000,000 auth_________
22
8
Debentures__________________ ______________________
Rending Company— Common stock__________________
First preferred stock 4 % non-cumulatlve________
Second preferred stock 4 % non-cumulatlve----------
___
___
___
_
_
Text
1902
Line
1906
1906
Par
V a lu e
$100
100
1 .0 0 0
Ry.
200 Ao
200 Ao
500
1909
1889
1900
1912
1877
1912
....
—
1897
1901
1907
1900
1907
A m ount
O u ts ta n d in g
100
1 ,0 0 0
1 .0 0 0
...... .1 ,0 0 0
50
50
50
1,000 Ao
1 ,0 0 0
1 ,0 0 0
Equipment trust Scries E $5,300,000 (V 84, P 1308)
Old Phila & Reading RR— B o n d s U n d e r ly in g O en e r a l M o r tg a g e o f 1897.
—
Delaware River Terminal purch money M gold_.xo*
1892
1 ,0 0 0
—
Delaware River Term ext purch money M gold.xc*
1892
1 ,0 0 0
sMortgage loan of 1808 goldextended 189.3--kvcAr
148 1868
1 ,0 0 0
Simp M gold ext '07 (see V 05, p 870) g- PeP.kvoAr
325 1873
sConsol mortgage 5s ext 1897 (V 65, p 278). kvcAr
327 1882
500 Ao
sTermlnal mortgage gold (see V 04, P 85) ,_kvo*Ar
—
1891
1 ,0 0 0
■Philadelphia City Subway Loan gu $ 3 ,0 0 0 ,0 0 0 -kv
. . . '9 4 -’98 —
■ Philadelphia & Reading Coal & Iron —
zCol s f gold loan (UR) guar extended In 1902 -kv
. . . 1892
1 .0 0 0
N o te .—
$3,486,420
1,936.900
8 .0 0 0 .0 0 0
350,000
2 0 0 .0 0 0
R a te
%
W h en
P a y a b le
J
A
F
4 g
See text. F
A
A
4 g
113
L a s t D iv id e n d
a n d M a t u r it y
A n r 1 1914 9.%
U
O
J Jan l 1952
' Office, 165 B’way, N Y
A Feb 1 1956
A Feb 1 1956
350,000
5 g
M A N May 1 1939
0 -1 0 ,0 0 0 8 in'15-16 J
& J July 1916. 4 %
400,000
J A J Jan 1 1939
5 e
750.000
M & a Sept 1 1950
4
850.000
M & a Mch 1 1962
4 g
1 ,0 0 0 .0 0 0
6
J A D Deo 1 1917
r,
150 0 0 0
M
8
70.000.000 8 In 1916 Q— F Feb 8 1917 2 %
28,000,000
4
Q— A Mar 8 1917 1 %
42.000.000
4
Q— J
Jan 11 1917 1%
93.717.000
4 g
J A J Jan 1 1997
22.217.000
4 g
A A O Apr 1 1951
2,076.000
A A Feb 1 1957
3X g F
1.295.000
4 g
Q— M When drawn
J
N’ ne J’ne 16
4H g
500.000
534,000
2,696.000
9.363.000
5,766,717
8,500.000
943,500
5
5
5
4
4
5
g
g
g
g
g
g
3X
P la c e s W h e r e I n t e r e s t a n d
D iv id e n d s a r e P a y a b le
M A N May 20 1942
J A J July 1 1942
A A O Oct 1 1933
A A O Apr 1 1947
M A s Mch 1 1937
Q— F May 1 1941
J A J To 1922
Baltimore, Tr Co. M d
do
do
See text
Jersey City
New Jersey Title G & Tr
ReadingTerminal, Phila
do
do
Interest not paid
Reading Terminal, PhUa
do
do
do
do
f j P Morgan A Co, N Y
\ and Phila
Girard Trust Co. Phila
Guarantee Trust Co, Phil
do
do
Reading Terminal, Phila
do
do
do
do
F A A Feb 1 1932
4 g
General mortgage of 1897 requires that the R eadlng Co an d Readln g Coal A Iro n Co sbal 1 be respo nslbleforall old bonds marked s above
RARITAN RIVER RR.— South Amboy to New Brunswick, N. J., 13
miles; branches, 9 miles; total, 22 miles. Stock auth., 51,000.000. In
year 1915-10 outstanding stock was increased from $440,000 to $540,000
on account of additions. In Dec. 1910 $150,000 additional capital was
jssued for investment account made or to bo made.
D IV ID E N D S (% )— f ’03. ’04. ’05. ’06. ’07. '08. ’09. ’ 1 0 .'llt o July’ 10
4 4X 5X
6
5X
5
7 8 % ( J . & J .)
(Fiscal years).............. \ 4
Dec. 1916, 8 % extra; 1917. Jan., 5 % .
Yoar end. Juno 30 1910. gross, $198,141; not, $248,210; other Incomo,
$2,910; lilt., rentals, &c., $99,882; divs. (8 % ), $43,200; bal., sur., .$108,038.
Pros., Wm. G. Bumsted; Troas., Chas. II. Sisson.— (V. 101, p. 289.)
READING BELT RR. — Belt railroad 7.78 m. In length around Reading,
Pa.; 2d track, 0.38 ni. V. 71, d . 761. Stock, $750,000. all owned by
Reading Company. Road leased to Phila. & Reading Ry. for 999 years
rom July 1 1902 for Int and taxes and 4 % on stock.— (V 74, p. 1090.)
READING & COLUMBIA RR. — Owns Columbia to Sinking Springs, Pa.,
40.22 m .; branches, 13.81 m .; operates Marietta June, to Chicltles 6.16 m .;
total operated, 60.19 miles. Stock, $958,373 (par $50), of which $788 200,
together with $200 1st mtgo., $698,000 1st consol. 4s and $ 1 ,000 000 deben
tures of 1917 and $150,000 new debs, of 1902, are owned by Reading Go.
all except $3,200 stock and $053,000 2d M . bonds deposited under Its general
mortgago. Stockholders on Feb. 28 1912 authorized $850 000 new 1st M .
50-year 4s, to be guaranteed by Reading Co. and used to refund the $650 000
1st M . 4s and $200,000 of the $350,000 2d 5s, the remaining $150 000 2d 5 s
being made debentures. V. 93. p. 1789; V. 94. p. 032: V. 95. p. 833. Year
1915-16, grass, $37,011; not, $7,573. 1914-15, gross, $367,791; net,
$53,118; other Incomo, def., $3,825; lnt., taxes, &c., $175 837’ impts..
$12,091; bal.. def., $121,365.— (V. 94. p. 632.)
*
’
nuyt,*..
READINO COMPANY— PHILADELPHI A & READING RY. — (See
Afap.)— The Phila. A Reading Ry. operates In connection with the great
anthracite coal properties of the Philadelphia & Reading Coal & Iron Co. in
the Schuylkill region, Pennsylvania, a system of roads centering at PhllaMay on Atlantic Ocean and to Port Reading on N. Y . Harbor, viz.:
L i n e s o w n ed i n f e e —
M il e s . v h e s s d l in e s — i C o n c l .) —
,u
M ile s .
Phil, to Mt Carbon, &c., and
Reading Belt RR
.7 8
branches____________________127.00 Philadelphia A F r a n k f o r d 'R R * 2>>
Lebanon Valley branch--------- 61.03 Allontown Terminal R R ............ 3.3
Lebanon A Tremont branch.. 51.77 Mount Oa.t*mol PtK....................... 5 . 8
Mahanov & Shamokln branch. 90.67 j hiia. Wllin. & Balt. R li
9 .9
Schuylkill & Susq. branch------53.27
Plymouth R R .
on
West Reading branch................ 1.80 Swodosford Bridge *Co ” ” ” ”
.3
Total (2 tracks. 187 miles) ..3 87 .1 9
(2d tr«ck 341.3) 705.6
L i n e s lea se d — (See each Co.).
E n ti r e stoclc o w n e d —
Colebrookdale R R ____________ 12.8 Chester A Delaware R R ............ 5.7
East Pennsylvania R R *______ 35.8 5 nRfirt*. & , B1°°m sburg.............. 1 .0
Allentown R R * ........... ................
4.4
n 5 Hummelst’n R R .. 6 . 6
Little Schuylkill Nav. A R R .* . 31.8
Mine Hill A Schuy. Haven*___65.2
C o T o U e d ~ Ct° n & N ’ R R "
104
New York Short Lino — ........... 9.4
Mt. Carbon A Pt. Carbon R R .* 2.0 RnmOnl1a V. ot Ncw Jersey ----- 638.1
Columbia R R * ......... 60.2
Mill Creek A Mine H R R .* ------ 5.9
enaSchuylkill Valley Nav. A R R .* 17.5 Phiioh A C h e 1 te r V aR R -* ............25.6
ih lla .
s
lle y R R . * . . 24.0
East Mahanoy R R .* ----------------- 11.3 A t la n t ic C it y R R . a b r a n c h e s . 170.2
Shamokln Sun. A Lewiston*— 32.1
.oL,. ,,a *
q
e
7
Phila. German. & Nor. R R .* .. 21.5 r ^ ? . Ss b u r g <& HF o g isls v lllo RR R** * 3 1 ft
G e tty
a rr b u rg
y.
41
Chestnut Hill R R .* .................... 4.0 P e r k to m e n U R . * . .
*
*
30 * 2
Catawlssa R R .* ----------------------- 104.0 P n r t a n » e H.t o v v ? * N “ Y . ' R R ' * r '22.2
Norristown Juno. R R --------------- 0.3 Port Reading R R . * ..................2 1 2
Norrlst. & Main Line Conn------ 0.6 P ic k e r in g V a l l e y . .
1 2
North Pennsylvania R R .*_____ 87.2 S t o n y C re e k R R
.............. * i A ' o
Delaware A Bound B. R R .*___34.0
Williams Valley R R . I " " " " n 0
Schuylkill A Lehigh R R .*_____ 49.0
M is c e lla n e o u s r o a d s .......... .............. 14.0
Phila Har. A Pitts R R .* ____45.9
(• S e e th is c o m p a n y )
—
------Wilmington A North. RR.* .. 90.4
T rn ^ l c o n t r o > lc d ...................... 1 ,129.7
Phila. A Reading Term RR
1.2
T r a c k a g e __________
34 4A
! .A miles)'.*.**” ” ” * **
Y1
Total systoru July 1916 (2d track. 873.5 Tl1 on1
2 257 <
1
From the company’s docks at the extensive terminal at Port Richmond
It operates a line of steamers and barges In coastwise coal traffic and pro
vides berths with elevators graln-drler and accominoTatlons for severa
trans-Atlantlo steamship lines, new ore-unloader and concrete doH
apaclty 600 tons per hour. In Jan. 1901 control of Central R R M New
cerscy was acquired (V. 72, p. 80,-340, 392, 676: V. 73, p. 847)
01
P r o p e r t y o f R e a d in g C o m p a n y , $303,075,708 J u n e 30 1916 (V . 10.3, p.1228).
Railway equipment leased to Ry. Co______ _________ _________ $39 .781,038
Real estate not appurt. to RR. (ann revenue about $175,000). 16 ,893.903
Sea tugs and barges leased to Ry Co. for $115,000 yearly_____ 3 ,704.438
Loascd equip.. $10,109,494; uncompleted equip., $130,145____ 10 239,639
P. A R. Rv stock, $42,481,700 (auth. issue Increased to $45.
000.000 In April 1911) and bonds. $20,000,000. par................ 62 .481,700
Philadelphia A Reading Coal A Iron stock at par.................. ...... 8 ,000,000
Miscellaneous securities at par (In 1896 yielded $765.000)............ 53 ,388,193
Mtges and ground rents at par (not under 1896-97 mtgo ) _____
42,312
Int. In Phila. A Reading Coal A Iron above securities ow ned.. 71 .603,135
Claims against other companies, A c ____________________________ 5 ,921,436
Cash and current assets............................... ......................................... 6 ,559.228
P r o p e r t y o f P . & R . C o a l & I r o n C o . , $88,905,474 J u n e 30 1916.
(Otlsets-ColL s. f. bds.. $990,000; cur. llabll’s, $2,701,909; $3,694,909).
Coal lands own., 91,640acres, wlthlmp’ts (also leases 7,323 acres) $62,411,521
Timber lands owned, $843,828; New York and Eastern depots,
$840,775; Western depots, $1,842,293; coal on hand and
other current assets, &c., $ 1 3 ,1 0 3 ,1 4 2 ....................................... 16.577,665
Stocks and bonds of (and loans to) companies controlled, nearly
all of which are collateral for loans created prior to 1896_____
9,863,915
SINKING FUND.— Whenever, In any year, a dividend Is paid on the
stock, an amount must be paid simultaneously to the trustee equal to 5
cents per ton on all coal mined by the Coal A Iron Co. during the preceding
year. If the aggregate of dividends so declared exceeds that sum; otherwise
such lesser sum as shall equal the dividends so declared. Under this pro
vision general mortgage 4s (not callable) were purchased and canceled as
follows: 1900 to 1910. $4,860,695: 1911. $468,000: 1912. $517,000: 1913,
$516,000; 1914, $537,000; 1915, $480,000; 1916, $449,000.
STO CK .— Reading Co. has the right to convert the 2d pref. stock Into
ono-half first pref. and one-half common stock. See V. 64. p. 709.
’ 1 0 -’ 1 2 .
D IV S.—
’ 0 1 . ’ 0 2 . ’03. 04. ’05. ’06-’09. *10-’ 12.
First pref___ % 4
4 yriy. 4 yriy.
3
4
4
4
Second pref. %
4 yriy. 4 yriy.
4
0
0
IX 4
C om m on___ %
0
0
0
0
3 X 4 yriy. 6 yriy.
1913 to
4 yriy.
4 yriy.
8 yriy.
1917.
(Q— M )
(O— J)
(Q— F)
BONDS.— The G e n e r a l M o r tg a g e 4 s (abstract, V. 64, p. 612) are secured
by a 2d mtge. and pledge of all properties and securities embraced In tho
reorganization, and also all other property acquired thereafter by use of the
now bonds. The mtge. Is also subject only to the bonds for which reserva
tion Is made, based upon properties or securities of all the lines of railroad
owned, Including the Phila. A Reading Ry. Co. proper, 352 m .; various
leasehold lines, 642 m .; all the property of the Coal A Iron Co., or the
securities thereof; equip’t valued at about $40,974,845. Includ. also marine
equipment. Also a first lien upon a majority of the stock of various com
panies owning 453 m. of railroad, and also on various bonds— list In V. 64,
p. 613, 709. Of the $135,000,060 4s of 1897, there were at last accounts
somo $28,897,000 reserved to take up old bonds, some $8,015,000 had been
canceled by sinking fund, and about $4,371,000 were In tho treasury, but
Included In $97,928,000 “ outstanding,’ ' as shown in annual report. See
V. 77, p. 2099; V. 83, p. 222; V. 84. p. 221; V. 91, p. 1630; V. 92. p. 323.
I m p r o v e m e n t m o rtg a g e 6 % bonds of 1873 due Oct. 1 1897 were extended
at 4 % for 50 years from April 1 1897. payable In U. S. gold, and guaranteed
principal and Interest by the Reading Co. V. 64, p. 470; V 65. p. 516.
The c o n s o l 5s of 1882 for $5,766,500 were also extended at 4 % till March I
1937, the Reading Co. and the Coal A Iron Co. becoming responsible. See
V. 65. p. 870. for contract
V 65. p 152. 870.
T e r m in a l m ortg a g e b o n d s, see V 64 p. 85. and V. 60, p. 732.
For te n -y e a r s in k in g f u n d lo a n see Jan. 1895 “ Supp.’’ The bonds were in
1902 extended to Feb. 1 1932 at 4 % , being guar by the Reading Co.,
anil sinking fund reduced to $30,000 yearly. V. 72. p. 242: V. 74. p. 206.
The P h ila d e lp h ia S u b w a y L o a n of 1894-98 Is payable after 10 years from
date In 20 annual Installments, to secure which $500,000, bearing interest,
has been deposited, and $100,000 yearly Is being set aside in monthly In
stallments. See V. 58, p. 1110: V. 62. p. 950; V 63. p 881; V. 71. p. 758.
The Philadelphia Subway 3 H 8 of 1907 are Issuable from time to time up to
a total of $3,100,000 to reimburse the company for Installments of one-half
of tho city loan and interest as paid, averaging $178,000 yearly until the
end of 1922
V. 81. p. 1437; V 82. p. 281: V 84. p 571: V. 8 o. p 731.
Tho J e r s e y C e n tr a l c o lla te r a l tr u st bonds ($23,000,000 present Issue) are
iccurcd by deposit of $14,501,000 Cent. RR. of N J. (cost $23,200,000) of
the $27,436,800 stock outstanding. $1,495,000 Perklomen stock and $440.
000 Port Reading RR. stock, the remainder of the $15,000,000 auth. being
reserved to acquire the minority stock of the Central Co. They are callable
on any lnt. day at 105 A lnt. See abstract. V. 72. p. 487: V. 73, p. 847.
GENERAL FINANCES.— In 1909-10. 1910-11. 1911-12, 1912-13 and
1913-14 received from Cent. R R . of N . J. 4 % yriy. ‘‘special’’ dlvs.,
$580,160. V. 90. p. 1614.
2
The “ Reading Company” In the reorganization acquired the security
holdings, real estate, equipment, Ac., of the old Phila A Reading n n V o
also the $20,000,000 stock and $20,000,000 bonds of the Phila a Reading
R y . and the $8,000,000 stock of the Coal A Iron Co
The right to m u?
coal, given by charter. Is protected by State Const, of 1873
V 82 n ’103
The U. 8 . Supreme Court on Dec. 16 1912 In the Govt.suit ( 1 ) dismissed
the charge of combination and conspiracy in restraint of trade against the
company and other anthracite coal companies and coal-carrying roads
(2) held that the Temple Iron Co. Is an Illegal organization and should lie
dissolved; and (3) also held Illegal the arrangement under which tho cool
companies pay tho Independent operators for coal at the mines 65% of sell
ing price at tidewater. See V. 95, p. 1684. 1652; V. 96. p. 286 554 1090
1557. Tho U. 8 . District Court on July .31 1915 hold that tho company and
its subsidiaries, had not violated either tho Sherman Law or the commodi
ties clauso of Commoreo Law. Tho Government has appealed. V 10.3 n 1119
V . 101. p. 85. 929, 1465, 1807; V. 96. p. 1425; V. 97. p. 6 6 6 ; V .g g .p .S ljl!
990,000
LATEST E A R N IN G S .— From July 1 to Aug. 30 (2 mos.) results were:
----- P . & R . R y . -------------- C o a l & I r o n ------- R ea d in g C o. A l l C o s .
M os.
to
A ug. 31—
G ross.
N et.
G ross.
N et
N et.
T o ta l N e t .
$
$
$
$
$
$
1916............ 9.895,594 3,746.174 5,627.978
31,107 1,143,811 4,921,092
1915............ 8,313,450 2.766.726 3.791.212def205.003 1,124,886 3,686,609
Charges, all companies] 1916, $2,530,618; balance, surplus, $2,390,474
2 months___________ \l915,
2,471,833; balance, surplus,
1.214,775
AN N U A L REPO RT.— Report for 1915-16 was given at length In V. 103,
p. 1206. 1227. see also editorial, p. 1165.
Y e a r s e n d in g J u n e 30—
1915-16.
1914-15.
1913-14.
Railway company— Receipts............. $57,298,393 $40,714,821 $49,293,103
Expenses (including renewals. & c .) .. 34.385.319 32,287,078 35,393,707
Net earnings.......................................$22,913,074 S14.427.743 $13,899,396
Other income. &c...................................
431.352
510,124
1.163,794
Total net Income..
..$23,344,426 $14,937,867 $15,063,190
114
[V o l . 104.
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 , & c . , see n o te s o n f i r s t p a g e ]
M il e s
B onds
192
Rensselaer & Saratoga— Stock 8 % guar D A H (end)
79
First mortgage. Interest rental------------------- zo’ Ar
Richmond Fredericksburg & Potom— Com stock-----Dividend obligations (same dlv as common stock)..
Stock guar 7 % except $19,300 guar 6 % ....................
Consolidated mortgage $500,00O gold— Ce.xo'Ar
General mortgage $4,000,000-------------------------------- x
Rich & Meek— First M $315,000 gold (V 69, p 391)--C
Richmond & Petersburg— See Atlantic Coast Line RR
Rich-Wash Co— Coll trust gold guar red 105-N.xo*Ar
Rio Grande Junction— Stock....... . ....................... - - — 62
First mortgage gold guaranteed--------------------Cejto*
180
Rio Grande Southern— First Mgold $2,277,000. .g u .x
Rio Grande Western— See Denver A Rio Grande
Roberval-Saguenay Ry— Ha-Ha Bay Ry 1st M g .c*
Consol Ref. M tge. $3,500,000 $35,000 per mile-----Rochester & Genesee Val— Stock 6 % rental Erie RR
Rock Island Ark & Louisiana— See Chic R I & Pacific
Rock Isiand-Frisco Term— 1st M gold guar Jolntly.xo*
Rockingham RR— 1st M $250,000 gold-------------SBax 21 Vi
Rome & Clinton— Stock (rental guaranteed)................
12*A
(The) Rome W atertown & Ogdensb— See New Yor k Cen
Roscoe Snyder & Pacific—
„
1st ref M $5,000,000 gold red text------------------------Qy
Rumford Falls & R L— Stock $ 3 0 0 ,0 0 0 --------- - - - - - 27
Rumford Falls A It L tlrst mtge gold sinking fund.z
38
Mortgage, redeemable:------------------------------------------- z
397
Rutland— Stock cum 7 % pref (for common see text).
120
Flrst consol mortgage for $3,500,000 gold.Us.zc* Ar
127
Ogd & L Cb 1st M $4,400,000 gold assumed.Ce.xc*
43 Vi
Rut-Can first M gold assumed $l,350.000--O B.xo*
59
Bennington A Rutland— 1st ref M g ass------ N.xo'Ar
59
Second M g assumed subj to call since 1901-N.xc*
68
Chatham & Leb Val 1st M $500,000 g p & 1 guar.G
Equip trusts $1,000,000 g $100,000 yearly.AB.xcAr
do
do due $34,000 yrly (V 94, p 1 2 5 0 ).ti.zc*
do
do duo $14,000 yearly ..................... ........ z
Ogd Ter Co M glnt gu s f $10,000 yly July ’ 16-Gc*
D a te
R oad
1871
1890
1903
1898
100
1889
1890
1 ,0 0 0
1912
1915
1 ,0 0 0
1907
1910
1 ,0 0 0
1912
1897
1903
1891
1898
1899
1897
1900
1901
1902
1912
1913
1911
%
W h en
P a y a b le
L a s t D iv id e n d
a n d M a t u r it y
P la ces W h ere In terest ana
D iv id e n d s a r e P a y a b l e
&
&
&
&
A
A
Jan 2 1917 4%
May 1 1921
Dec 30T6.4 V i%
Dec 30’ 16 4 V i%
May 1 1917 3 %
Apr 1 1940
Apr 1 1943
Nov 11948
Del A Hudson Co, N Y
do
do
Richmond, Va
do
do
N Y , Phlla or Richmond
Richmond
J P Morgan A Co
J
8
$100 $ 10,000,000
M
2 ,0 0 0 ,0 0 0
7
1,316,900 9 In 1916 J
100
3.349.000 9 In 1916 J
100
500.400 9 In 1916 M
100
4)4 g A
500.000
1,000
2.680.000
3 Vi A
Various
4 g
M
315.000
1 ,0 0 0
’03-'12 1,000 Ao
tral R
R a te
1 ,0 0 0
1,000
100
1,000
100
1 .0 0 0
100
500 Ac
600 Ac
100
1,000
1,000
1 .0 0 0
1,000
1,000
1 ,0 0 0
1 ,0 0 0
1,000
1 ,0 0 0
1 .0 0 0
1915-16.
1914-15.
1913-14.
Coal & Iron Co.— Receipts..................$36,603,759 $30,086,512 $32,703,982
Expenses......................... - ........................ 35,163,065 29,889,570 31,855,615
Net earnings_______________
$1,440,694
Reading Co.— Net income_____________ $9,055,349
Am ount
O u ts ta n d in g
Par
V a lu e
$196,942
$848,367
$9,276,867 $4,482,778
Net earnings all companies________ $33,840,469 $24,411,676 $24,334,335
Fixed charges, taxes & sinking fu n d..$16,814.001 $15,680,377 $16,890,704
Dividends on first preferred ( 4 % )___ 1,120,000
1,120,000
1,120,000
Dividends on second preferred ( 4 % )- 1,680,000
1,680,000
1.680.000
Dividends on common (8 % ) - - ______
5,600,000
5,600,000
5,600,000
10 , 000,000
2 , 000,000
2 , 000,000
4.509.000
4 g
J
5 g
4 g
J
723,600
636.400
655.200
5 e
5 g
J
6
J
M
J
J
3.390.000
5 g
J
250.000
5 g
345,360 6)4 % ’ 16 J
See text
300.000
400.000
300.000
9,057,600
3.494.000
4.400.000
1.350.000
500.000
600.000
In treasury
93.000
364.000
168.000
90.000
5g
2
5 g
4
4)4
4 g
4 g
4)4
5 g
4 g
4)4
4)4
4)4
5 g
&
J
N
J
J
N
O
O
N
New York Trust Co, N Y
& D June 1 1943
Mch 5 1916 5% (Maitland, Coppell A Co,
\ 52 William St, N Y
A D Dec 1 1939
Maltl’d, CoppellACo.N'S
A J July 1 1940
&
A
Toronto and London
J July 1 1942
Gen Tr Co of Can, Mont
S Sept 1 1955
J Jan 1 1917 3% Erie RR Co. New York
New York or St Louis
J Jan 1 1927
Safe Dep A Tr Co. Balt
AJ21 July 21 1910
A J Jan 1’ 16 3 )4 % By check.
M & N Nov 1 1942
(?)
Q— F
A O Oct 1 1937
A N Nov 1 1923
Jan 15 ’08 1 Vi %
& .TJuly 1 1941
gJ <
,T & J July 1 1948
J A J July 1 1949
g M A N Nov 1 1927
M & S Mch 1 1920
J A J July 1 1951
g A A () Oct 1917
g M A N To M ay 1927
A & O To Apr 1928
J A J 1916 to 1925
A
M
New York
Portland, Me
Old Colony Tr Co, Boston
Un S D A T Co, Portland
Grand Cent Term’l, N Y
do
do
do
do
CItv Trust Co, Boston
Grand Cent Term’l, N Y
do
do
do
do
do
do
Guaranty Trust Co. N Y
do
do
RIO GRANDE SOUTHERN RR.— (S e e M a p D e n v e r &, R i o G r a n d e .) —
Owns narrow-gauge road Ridgeway, Col., southerly to Durango, 162 miles,
and branches, 18 m. Stock, $4,509,000; June 30 1916 $3,579,737 owned
by Denver & Rio Grande. See V. 63, p. 404. Mortgage abstract, V. 54.
p. 163, and application to N. Y. Stock Exchange In V. 54, p. 446; V. 61.
p. 1014. Of tne bonds. $2,277,000 are guaranteed by D .A R. G .; V. 70.
p. 791. See guaranty, V. 70, p. 1295.
For year ending June 30 1916, gross, $562,622: net, $135,263; other
Income, $3,353; lnt., rentals, &c., $202,505; bal., def., $63,889. In 1914
15, gross, $355,899; net, $148,350. J. A . Hanley, Sec.— (V. 103, p. 1509.)
R O B E R V A L -SA dU E N A Y R R .— Bagotville to Ha-Ha Bay June.. 20
miles; branch os, Laterriere June, to Lake Kenogami, 12 m .; La Brosse June,
to Chicoutimi, 3.4 m .; Bagotville to St. Alexis, 1.4 m .;)total, 36.8 miles.
Surplus for year (all companies)___$8,626,468
$331,299
$43,631
Stock, common, $1,200,000, and pref. 6 % non-cum.. $800,000: par $100.
Total surplus June 30 1916, $28,459,406 from which were declared: Div The Consol. Ref. M tge. is limited to $3,500,000, of which in Feb. 1917
on 1st pref. stock, payable Sept, and Dec. 1916 and March and Juno 1917 $536,400 was outstanding, $723,600 was reserved to retire Ha-IIa, Bay
2d pref., payable July and Oct. 1916
April
R y.
to be issued only
additional mile
t 1,120,000; on and 2 % ($1,400,000) on com. stock, and Jan. andV. 100,1917 age, bonds, and 82,240,000 amount of bonds on account of shall not oxceed
1,680,000,
Aug. 1916.
p .929
but so that the total
outstanding
OFFICERS OF R E A D IN G CO.— Pres., Edward T . Stotesbury; V .-P ., $35,000 per mile of road built and under construction. For year onded
Geo. Ziegler; Sec., Jay V. Hare; Treas., H . E . Paisley; Comp., W . H.Whlte. Juno 30 1916, gross earnings were $109,295; not, $6,654. Pres., J. E . A .
Directors.— Henry O . Frick, E. T . Stotesbury, Joseph E . VVldener, Alfred Dubuc; V .-P ., J. E . Cloutier, F. W . Fugua; Treas. & Aud., J. E . RobiH . Smith, W . L . Itinter, Henry P. McKean, Daniel Willard. Geo. F. Baker, taille; Sec., Ray Belleau. Offico, Chicoutimi, Quo.
ROCHESTER & OENESSEE VALLEY RR.— Avon to Rochester, N Y . .
Isaac Hiester. Office, Reading Term., Phlla.— (V. 103, p. 1206, 1227.)
18 m. Leased 1871 in perpet. to Erie Ry. Rental, $34,012, paid by Erie
RENSSELAER & SARATOGA RR .— (.See M a p D e la w a r e & H u d s o n .)
RR. direct to stockholders, $33,312, organization allowance, $700.—
L e a s e d-—
M ile s .
R o a d o w n ed —
M ile s .
Troy to Lake Champlain--------------72 Albany to Waterford Junction___12 4V . 79, p. 2458.)
(THE) ROCK ISLAND CO .— Dissolved in 1916. Shut out by fore
Fort Edward to Caldwell-------------- 15 Schenectady to Saratoga_________22
closure of Chic. Rock Island & Pacific R R . Co. collateral mtge. from all
Eagle Bridge to Rutland, V t..........63 Vermont Line to Castleton, V t___7
interest in the O. R . I. & P. R a ilw a y C o., which see.— (V . 102, p. 1437.)
LEASE.— Leased In perpetuity May 1 1871 to The Delaware A Hudson,
which, Deo. 1916, owned $800,000 of stock: rental, 8 % on the stock and
ROCK ISLAND-FRISCO TERMINAL R Y.— Furnishes part of St. Louis
Interest on bonds. Guaranty on stock, V. 56. p 773.
terminals of the Rock Island and St. Louis & San Francisco systems, Includ
ing new freight station and yards In St. Louis, Mo., the Chicago R. I. A Pao.,
RICHMOND FREDERICKSBURG & POTOMAC R R — Owns from Rlch* St. Louis & San Fran, and Chic. A E. 111. contributing proportionate
mond.Va., to Quantlco,78.65 miles, double-tracked; James River branch.3.27 amounts equal to operating expenses, taxes and fixed charges. Will also
m .; leases Connection RR. In Richmond, 1.21 m .; trackage James River to construct about 30 miles of road. Incorporated April 9 1906; V . 84, p. 929.
Clopton, 4.55 m.; total, 87.68 m. The dividend obligations carry no voting Auth. stock, $5,000,000; outstanding, $500,000. The bonds (see above)
power. Richmond A Petersburg Connection RR. stock of $140,000 re are jointly guaranteed by endorsement by Chic. R . I. & Pac. Ry. and old
ceives 8 % dividends under lease. The R. F. A P. RR guaranteed stock la St. Louis & San Francisco R R . C o., Mere. Trust Co. of St. Louis Is trustee
secured by mortgage. Tax settlement Jan. 1913, V . 96, p. 203.
V. 84, p. 571, 749. Pres., J. E. Gorman, Chicago.— (V. 84, p. 749.)
The Rlchmond-Washlngton Co. (see below) In 1901 took over $947,200
of the $1,316,900 common stock, the road being operated as part of "union”
ROCKINGHAM RR,— Owns Gibson to Leak, N . C., 21 Vi miles. Opened
lino by Rich Fred A Potomac officials
V 74, p. 149
May 1912. Incorporated In No. Car. In 1910. Stock. $72,000; par $100.
D IV. on took and dlvI-\’95 ’96. ’97. ’98. ’99. ’00-’04. ’05-T4. ’ 15. 1916. Bonds, see tablo above. Pres., T . O. Loak, S e e .* Treas., J. LeGrand
Evorett. Office, Rockingham, N . O.
dend obligations.. % ] 7
7
8 Vi 7
7 8 yrly. 9 yrly. 9 4 )4 .4 Vt
♦Also in Jan. 1907 25% in dividend obligations, and In Feb., 1916 50% In
ROME & CLINTON RR.— Owns road from Rome to Clinton, N . Y „ 13
same on both stocks and dividend obligations. V . 102, p. 610; V. 83,p. 1525. miles. Organized In 1869. Leased In perpetuity in 1891 to Delaware*
BONDS.— Of the gen. 3 Vis of 1903 due April 1943 ($4,000,000 author Hudson Canal (now D. A H.) Co. and oper. by N. Y . Ontario & Western.
ized), $3,500,000 were l3suable for double-tracking and Improvements (of Rentals, $22,375 yearly and taxes. Dividends at 0 14 % per ann. (3 V i% J-J)
which $2,680,000, outstanding, Is owned by Rlchmond-Washlngton Co. and paid to Jan. 1910, but payments are to be reduced hereafter on account of
pledged under Its mtge. (V. 81, p. 1178), the remaining $500,000 being re- Federal income tax; 3 % paid July 1910; 1911 and 1912, 6 )4% :1913, 6 ) 4 % :
erved to retire the consol 4J4s at maturity. See V. 77, p. 2388. 2391.
1914 to Jan. 1917, 6 V i % (3 )4 % J. & J .).— (V. 91, p. 1027.)
E A R N IN G S .— 6 m os.,/1916......... ...G r o s s , $1,817,332; net, $697,087
ROSCOE SNYDER & PACIFIC R Y .— OwnsRoscoo, Tex., to Fluvanna,
July 1 to Doc. 31.
11915_________ Gross, 1,421,849; net, 512,394
50 mllos. Stock, $150,000. Dividends for year 1914-15, 2 6 % ; 1915-16,
R EP O R T.— Year ondlng June 30 1915, grass, $2,907,830; net, $967,014! 1 5 % . Of tho First Rof. gold 5s ($5,000,000), limited to $20,000 per mile,
other income, $175,435; charges, $510,381; dlvs., $290,209; add’ns & better $158,000 are rcsorved to retire $157,511 prior lions duo July 1 1917, hold by
ments, $201,919; bal., sur., $139,941. Pros., W m . H . White, Richmond, Texas & Pacific Ry. Bonds are subject to call on any Interest day in blocks
V a.— (V. 96, p. 203; V . 102. p. 6 8 , 346, 609.)
of $1,000,000. V. 95, p. 1685. For year ondlng Juno 30 1916, gross, $168,
RICHMOND-WASHiNGTON COM PANY— Controls a "union’’ line. 159; not, $84,063; int., taxes, &c., $30,974; dlvs. (1 5 % ), $22,500; bal.,
Washington, D. C.. to Richmond, Va ,1 1 5 miles, In the Joint Interest of the sur., $30,589. Pres., E . S. Hughes; Treas., Honry Jamos.— (V. 95, p.
following roads, viz.: the Pennsylvania R R ., Baltimore A Ohio R R ., Atlan 1685.)
tic Coast Line Co., Southern R y., Seaboard A . L. Ry. and Ches. & O. R y.,
RUTLAND RR.— (S e e M a p s N . Y . C . & H . R . R R . ) — 468 miles, viz.:
each of which owns 1-6 of the $2,670,000 capital stock. Dlvs. In 1902, 3 % ;
rr L i n e s O w n ed —
M ile s .
L ea sed , & c .—
M ile s
1903 to 1905, incl., 4 % yearly: 1906 and 1907, none; 1908 to 1915. 4 % .
Lines to Tlconderoga, Ac................18
Bellow’s Falls, V t., to OgdensIncorporated on Sept. 5 1901 and acquired $947,200 of the voting capital
burg, N. Y ....................................283 Traokage (for pass, trains only)
stock of the Richmond Fredericksburg & Potomac RR. and the entire stock
to Montreal____________________ 53
Rutland, Vt., to Chatham, N. Y .1 1 4
of the Washington Southern R y., Long Bridge to Quantlco, 36 mlle3 .
Owns entire $100,000 stock and $100,000 4 % bondo of Rutland A Noyan
The collateral trust 4s of 1903 ($11,000,000 auth. Issue) are guaranteed.
Jointly and severally, prin. and lnt., by the six roads named above of the R R .. entire $1,000,000 stock of Rutland Transit Co. and entire $100,000
bonds. $10,000,000 (Ser. A. to E) have been sold for double-tracking and stock Ogdensburg Term. Co., V. 75, p. 1029; V. 73, p. 437: V . 72. p. 8 8 , 822.
In M ay 1915 the I. 8 . Commerce Commission ordored tho company to soil
Improvements. V. 77, p. 629, 695; V. 78, p. 584, 1393; V. 84, p. 932.
This collateral consists of $2,680,000 Richmond Fred. A Potomac gen. 3 )4s. the Rutland Transit Co. by Dec. 1 1915; six of the Transit Co. ships wore
$947,200 common, $828,800 dividend obligations, $4,000,000 Washington sold in Aug. 1915. V. 101. p. 695; V. 100, p. 1753.
Southern 1st 4 s, $4,000,000 stock (being entire issues of latter). See form of The N . Y . N. H . & Hartford on May 9 1912 obtained authority from P . S.
guaranty, V. 77, p. 2391: V. 81, p. 1178. Cal. year 1915, lnt. on Invest Commission to purchase from the N. Y . Cent. & Hudson River R R . the
ments and deposits, $671,161; lnt., taxes, A c., $410,289; div., $106,800; remaining one-half Interest In the $4,704,100 pref. stock, the other half
having been acquired In Feb. 1911; in Doc. 1915 suit by tho minority stock
bal., sur., $154,072.— (V. 84. p. 932.)
holders’ committee to restrain the purchase was dismissed by the N . Y .
RIO GRANDE JUNCTION RY.— Owns road Rifle Creek, Col., to a con Court of Appeals (V. 101. p. 1974). V . 94. p. 1317; V. 95, p. 48. 1609.
nection with the Denver & Rio Grande at Grande Jet., 62 miles. This Is a Minority stockholders’ committee (Columbia Trust C o., N . Y ., depositary.
connecting link In the standard-gauge route between Ogden and Denver
93, p. 1464; V.
93, p. 1601, 1789; V . 04, p . 1187, 1257;
and Colorado Springs. Leased by Colorado Midland R a il w a y and Denver A V ..9 5 . P. 680: V .9 6 94, p. 6 8 ). .9V.,p . 1052: V. 101. p. 213. Loans and bills
V
.P . 1703:
7
Rio Grande at 30% of gross earnings, which companies Jointly and severally payable outstanding March V 1910, $724,500.
31
guaranteed the bonds, principal and interest. Of the stock the Denver*
STO CK .— In Oct. 1912 all but $199,400 com. stock had been exchanged
Rio Grande In June 1916 owned $1,958,300 of the $2,000,000 capital stock.
for pref.— 10 of common for 1 of preferred. V . 72, P : 439.
V . 95, p. 1542; V, 97, p. 8 8 8 .
Dlvs. on pre-l ’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. 1906-08. 1909-16.
D IV ID E N D S .— 1904. 1905. 1906. 1907-12. 1913-14. Mar. ’ 15 M ar.’ 16
f erred. . % / 1 2 2 3 4 3 1 0 . 0
1)4 (Jan.)
0
Since 1903, % ..........434
3 Vi
4)4
5 yrly.
Nil
15%
5%
Accumulated dividends on pref. said to aggregate about 221% Jan. 1915.
The company paid, on Mar. 11 1915, tho dividends that would have been
E A R N IN G S .— 12 m os.,/1916............Gross, $4,035,655; not, $1,312,466
paid in ordinary course in 1913 and 1914, and also tho dividend which In
Jan. 1 to Dec. 31. \1915______ Gross, 3,549,591; not, 1,077,480
ordinary course would bo payable in 1915, being three dividends of 5 %
each. Nos. 16, 17 and 18.
REPO RT.— Report for calendar year 1915 In V. 102, p . 1807.
D e d u c t—
1915.
1914.
Y e a r en d in g
E A R N IN G S .— For 12 months from Dec. 1 to N ov. 30:
Int. on bonds____ $494,011 $499,824
D e c . 31—
1915.
1914.
G ro ss
3 0 % o f G ro s s
F ix e d
B a la n c e ,
67,428
54,316
RR. revenues.$3,549,591 $3,526,095 Rentals, A c_____
12 M o n t h s —
'E a r n i n g s .
E a r n in g s .
C h a r g e s.
S u r p lu s .
Net aftertax. 874,189
592,446 Improvements,Ac. 39,274 204,008
$315,573
$100,000
$215,673
1916....... .....................................$1,051,910
Total net Inc. 1,058,803
758,1481
,
- "
1915............................................
938,958
281,567
100,000
81,667
None
Balance, surplus____________ _______________ __________ $15U,17U
— (V. 97, p. 8 8 8 .)
.
F e b ., 1917]
115
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 , <fec., s e e n o te s o n fir s t p a g e .]
Rutland Toluca & Nor— 1st M g gu red Oct 15-NC.xo"
Rutland & Whitehall RR— Stock (no bonds)________
St Clair Madison & St Louis Belt— See Missouri & 111
Sag Tuscola & Huron— See Pere Marquette RR.
St John & Quebec Ry— 1st M deb stk guar see text____
Prov Govt 5 % bds $10,000 per mile....................
St Johnsb & Lake Champ -1 s t M ($1,328,000 gu) .xc
St John's River Terminal—'First mortgage_________f
S t. Joseph & Grand Isl Ry— Common stock______
1st pref stock 5 % non-cumulatlve $5,500,000____
2d pref stock 4 % non-cumulatlve______
__
First mtge $5,000,000 gold......................... Ce.xc*&r
Proposed Kef. mortgage §15,000,000 (see text)____
St Lawr I Adirondack Ry— 1st M $800,000 g --N .xc*
&
Second mortgage $400,000 g ....................................N Jt
St Itouls & Cairo— See Mobile & Ohio
St Louis Bridge— See Terminal Railroad Association
St Itouls El Reno & W — 1st M $817,000 g red..(text)
St Louis Iron Mt & Southern— See Missouri Pacific
St Louis K em iett & S E RR— 1st M $150.000-----St Louis Memphis & S E— See St Louis & San Fra
St Louis Merchants' Br Term— 1st M gu p & 1 g.SSt.zc
Merch Bridge IstM red since Feb 1 1909 at 110-SSt-z
St Louis & O’ Fallon— First mortgage gold--------------- z
„ Second M $300,000 g red par beg Oet 1 9 1 2 ........... y
St Louis Peoria & N W Ry— See Chicago & North W
St Louis-San Francisco Ry—
Common stock $250,000,000 v t c _________________
Pf stk non-cum$2 0 0 ,0 0 0 .0 0 0 v t c; sorA6 % rod par
Prior lion M $250,000,000 gold securing—
Series A 4 % callable at par and lnt..Cexc*&r*
Series 1$ 5 % callable at 105 and lut..Coxc*&r*
M ile s
R oad
D a te
B onds
27 1910
6.75
nols B ridge
1912
1914
1894
1902
Par
V a lu e
A m oun t
O u ts ta n d in g
<o
fc
$100
100
&
Belt
R a te
%
W h en
P a y a b le
L a s t D iv id e n d
a n d M a t u r it y
P l a 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 l e
$225,000
4 e
A & O Oot 1 1930
Northern Tr Co, Chicago
255.700 See text. Q— F 15 Nov 15 '16, I K United Nat Bank. Troy
RR
£873,285
See text
2.500.000
1.142.000
4.600.000
6,499.400
4
J
&
D 1962
Bank of Montreal, Lond
B e
100
100
170
126
4
M
J
&
&
S Mch 1 1944
J July 1 1952
Company’s office. Boston
New York
1 .0 0 0
1902. 5 %
251
1897
1 .0 0 0
4.000,666
4g
j
&
j Jan l 1947
U S M tge & Tr Co. N Y
43
43
1896
1896
1 .6 6 6
1 ,0 0 0
800,000
400.000
5 g
6 g
J
A
&
&
j July 1 1996
O Oot 1 1996
New York Trust Co, N Y
Eaultable Trust Co, N Y
of St Louis
42 1906
1 .0 0 0
817.000
J
A
J Aug 1 1926
Last coup paid 1907
1913
1 .0 0 0
130.000
1890
1889
9 1902
9 1903
estern Ry
500 &c
500 &c
3,500.000
2 .0 0 0 .0 0 0
147,000
300,000
100
100
50,447,000
7,500,000
—
- --
1 .0 0 0
. . .
—
—
3,866 ‘ 15-16
3,866 1916
100
d83,801,209
&c 25,000,000
6
A & 020
5g
A
F
A
M
&
&
&
&
O
A
O
S
J
J
&
&
J July 1 1950
J July 1 1950
6
6
6
g
g
4 g
5 g
Oct
Feb
Oct
Sep
1 1930
1 1929
1 1922
1 1928
|S E M o Tr Co, Cape
1 Girardeau, M o
Farm L&TrCo,NY;&StL
Farmers L & Tr Co, N Y
rSt Louis Union Trust Co
estate Bank, Chicago
do
do
d See note on next page
it
D ir e c to r s .— A . II. Smith (Pres.), Harold S. Vanderbilt, William Rocke
feller, John IVPratt, Geo. F. Baker, W m . H . Newman, Now York: T . De
Witt Ouyler, Philadelphia; Geo. T . Jarvis (V.-Pros.), Perclval W . Clement
Edmund R. Morse, Rutland, Vt.; W . Seward Webb, Sholburno, Vt.; How
ard Elliott (V .-P .).E . G . Buckland. Now Haven, Conn.— (V. 100, p .475
1438,1504. 1753; V. 101. p. 213, 695, 1629, 1974; Vol. 102 p. 1718, 1807
RUTLAND TOLUCA & NORTHERN RR.— Rutland to McNabb, 111.,
27 miles. Leased to Chicago & Alton R R ., which owns all the $97,000
«
*°r
from Oct. 1 1910, and guarantees the bonds, prln. & lnt
X ;,.93’ £ : 4 28, 1 ros-> ,w Blerd; Sec. and Treas., H . E . It. Wood
9,r 9 ? 9" , ransportation Bldg., Harrison and Dearborn Sts., Chicago.—
,* ,’
(V . 93, p. 408.)
RUTLAND & W H IT E H A LL R R .— N . Y . State Lino to Castleton, Vt.
0.75 in. Leased 1870 in perpotulty to Rensselaer & Saratoga RR. (rental
$15,342— 6 % on stock, loss U. S. Income tax); operated by Del. & Hudson
;
S T f o f V . * i 02 4 7 p b2 5 i ) ° r " $58’327'
1>res" J-
Van Riper.— (V. 83,
M o T ’ ta°TVil ® £ ENA TT,n& SO UTHEASTERN R R .-O w n s Kennett,
N£
which * 8 5 n & U Ark" 19 “ I'es- Stock Juno 30 1913, $300,000, of
H
An ?nW
J3P&.I1 0 * A onds » uth - $150,000 1st 6s. dated
.0
ApF: 2 l 1913' of whl°b *130,000 issued to retire old bonds. Year ending
J
rirf
l
?ross’ $66,229; net. $8,354; lnt. and taxes, $12,745; bal.,
S?,’ 118V I rof?;. W . D . Lassweli; V.-Pres. H. B . Pankey; Sec &
I roas., Gus Lassweli. Office, Kennett, M o.
ZATTG b ° Ur &
„ ANLS'. BRIDGE TERMINAL R Y.— ORGANIqt
ouble-track road from near Union Station, via Main St., Hall
oontmN’ th * MST«^t
0
n,T?Pp2 Si ? ^ Mer°bants* Bridge, 4.01 m .; It owns and
I
M^rch^ n n l l ii nnn IH*,& S t-R - R y - 1.91 m .; total, 5.92 miles. Leases
•mthor'lzed d
,for I5t ‘ °n Bridge1 Co.'s $2,000,000 bonds. Stock
.
of fh?o . x ' *3.500.000: Issued to June 30 1916, $2,939,500; par. $100;
On1 Docth'ii
R R ' ^ ssoclat'on owned $2,939,300 D oc.31 1916.
“ “ P 60, 31 1916 there was due to Term. RR . of St. L. $1,545,000 for adltS f uaranty; In Nov. 1893 Term. RR . Assoc’n of St. L.
hnnu^ a d.,by, e? a° rsemeJ Jt le
t^
?.t i
and lnt. of Its $3,500,000 1st mtge.
bonds and the in te r e s t on $2,000,000 Merch. Bdge. 6s. Suit, V. 91. p . 1448.
ST. JOHN & QUEBEC R Y .— Completed and operated by the Canadian
Government Railways. Fredericton northwest to Controvllle 8 8 miles,
opened Jan. 1915, and Fredorlcton southeast to Gagetown ono’ od March
n
1915. Now under construction Gagetown to Westfield, N is 38 miles on
the Canadian Pacific, with trackage rights on that road to St ’ John N B
15 miles, to bo operated by the Canadian Government Railways when comBA n iv IiNS Sf n ?
...................Gross, $1,373,275; net, $370,576
p lam£A ° £ S0 V.i! 1 b0, f ? r ™ 9 y, ° ? rs
a roilt a ,1 of 4 0 % of t h 0 xross earnings.
July 1 to Dec. 31. \1915--------------- Gross, 1,066,020; net, 317,693
S IO O K .— l ho 1st M . debenture stock, unconditionally guaranteed
Year ending June 30 1916, gross. $20,245,527; net. after taxes, $616,011prln. & hit., by the Provinco of Now Brunswick, Is secured by a mtge to
the Prudontlai Trust Co. of London and Montreal, with power to Issue other Income, $620,800: charges. $1,116,419; bal.. sur.. $120,392. In 1 9 1 4 I
additional loan capital ranking equally as to security up to an aggregate of 15, gross. $1,813,468; net, $412.507.— (V. 91, p. 14480
$25,000 per mile. Callablo for 1% fund begin, in 1922 at 105 h V 9 4 n
miuX' L? U ,S & °JF ,LL9,fy R Y — East St. Louis, 111., to Mine No. 2, 8-64
^
1450; V. 95, p. 1747.
'*■•>*»•:«
*
’ 1
Tho tltlo of the railway being now vested In the Prov. of N B Instead of miles. Incorporated in Illinois June 1 1896. Stock, $150,000. all Issueda socond mtge. bond Issue being made, the Prov. of N . B issued Provincial June 30 1915-16, gross, S262.962: net, S124.022: lnt. on bon& *24 7875 % bonds to provide for the completion of the railway between Contre- Mnr? ^ ’n$ r
2l309: I t 1 8 / v 878'087/
,-,', U
William Cotte? 'St® Louis.’
M o ., Soc.-Iroas., Philip Marsh.— (V. 77 , p. 1747; V. 103, p. 62.)
vlllo and Westfield at the rate of $10,000 per mile for 170 miles
F. W . Sumner, Pros., and Edw. Glrouard, Sec., Moncton N B __ (V
S T ; LOUIS-SAN FRANCISCO R Y .— The company on Jan. 26 1917
9 8 ,p .1 7 6 8 .
1
'
■
'
n? whi*} Q o t y n°r through subsidiaries a total of 5,339 miles of road,
ii^
ST. JOHNSBURY & LAKE CHAMPLAIN RR.— Owns Lunenburg, V t.. or which 3,462 niiles are owned in fee, 1,672 miles are controlled through
to Maquan Bay. on Lake Champlain, 120 miles. Victory hranch sen V
ownership of substantially all the capital stock, and 205 miles are operated
103, p. 1033. Tho road Is operatod Independently, although a majority of l ntaCH
*
m
The ^
e e o t company extends from S Texas
tho stock Is owned by tho Boston & Lowell, leased to the Boston
Maine
into the States of ' Missouri, Kansas, Arkansas, Oklahoma and L L o u ^
Notes payablo Juno 30 1916. $940,435.
Stock, com , $2 452 449-nref
t,*o Kansas City Fort Scott & Memphis R y., which it controls by
$1,154,400; par, $50. In 1915-10. gross. $372,954; not neomo aftor taxes’ stock ownership, the St. Louis-San Francisco Ry. also has a direct through
& c„ $27,483; lnt. on bonds and notos, $109,054; dof. $ 8 1 ? 7 i — ?v in i’ route from Kansas City to Memphis, Tenn., and Birmingham, Ala.
p. 840, 1093; V. 103, p. 1033.)
•.
(v . iu i.
O R G A N IZ A T IO N .— Incorporated In Missouri Aug. 24 1916 and suc?n
ST. JOSEPH & GRAND ISLAND RY.— Owns St. Joseph Mo to Grand ^ e^ od < rN o y- I I Q i e , per plan in V. 102, p. 8 9 6 , 1061, to the properties
of the St. Louis & San 1- raneisco R R ., foreclosed under the General Lieu and
Island, Nob., 251 mhos; Stouts to Highland, Kan., 7 m. In Sent’ 1914 dis
also tho Refunding Mortgage. V. 102, p. 2 1 6 7 , 1256, 1342.
°
continued trackage. St. Joseph to Kansas City, 01 miles
V
X 7
T
HISTORY.— A reorganization Feb. 23 1897 (per n|an In V d o n i 7 X4
P r o p e r t ie s O m itted f r o m N e w C o m p a n y — S ee E a ch C o m p a n y .
950) of the St. Jos. & Grand Island R a ilr o a d , sold In foreclosure Tintori
Chicago & Eastern Illinois RR. Co., New Orleans Texas & Mexico RR
*
Pacific June 30 1916, owned $4,239,700 com.. $4,558 850 firet nrof and Co. and allied companies. New Orleans Terminal Co.
$3,309,079 2d prof. V. 84, p. 52, 571; V. 92. p. 597. 1244
On Ju^v 9 1915
. , _. .
S e c u r itie s N o t
D is tu r b e d
by R e o r g a n iz a tio n .
Circuit Court of Appeals in a suit by certain prof, stockholders reversed thn
(«) St. Louis & San Francisco Ry. Gen. M . 5 % & 6 % gold bonds due
decision of tho lower court, which hold illegal tho control b ^ th e Union
Pacific RR. Co. Tho appeal of tho plaintiffs from this deHslon to the 1931. (6 ) All Its equipment trust obligations maturing after July 1 1917
*
U . S. Suprome Court was voluntarily dismissed Juno 12 1916
Tn Tnne i oi n (c) Kansas City Fort Scott & Memphis Ry. Co. System, all bonds.
tho proforred stock deposited with tho commlttoo roferred’ to in nrnvim,«
,, S e c u r itie s o f S t. L o u is -S a n F r a n c is c o R a ilw a y (C o m p a r e V . 104 n 452 )
reports was all sold to tho Union Pacific RR. Co. V. 102. p. 1812.provlous
d ) Prior L i e n M . , N oxd I s s u a W e , “ A ” 4 % , $93,398,500; "B ” 5% ,$31,811 500
Limited to $250,000,000 Issuable In separate series boaruig such Inter
DIVIDENDS (% )—
/1898 1899 1900 1901 1902 None
est ratos not to exceed 6 % , maturing at different dates and redeemable at
On flrst preferred............................... 1 5
3
3
g
*5
s ln c 0
such times, and premiums as may be determined.
BONDS.— Bonds for $1,000,000 can bo sold under mtge of 1897 nniv for 8 c^2si ,"A '’ 4 % bonds, due July 1 1950, callablo at par and lnt $93 398 500
new mileage at not exceeding $6,000 per mile. See listings In V 6 4 n 11 axOf these on Jan. 1 1917 S9,597,300 were held by roorg. man’dJ8'5U°
V . 94. p . 763. In Oct. 1913 action was deferred on proposed now bond issue
agers, with $1,845,600, series A adjustment 6 s, to complete ex
owing to pending stockholders’ suit. V. 95, p. 4 2 0 ,1 1 2 3 , 15 3 6 .
' change of remnants of old Issues Indicated In table above.
Series B 5 % boiids, due July 1950, callable at 105 and lnt—
E A R N IN G S .— 6 m os.,/1916------------- Gross, $1,184,842; not $425 846
Sold to Syndicate (seo public offering Nov. 1916 (V. 103,p. 1889) x25 000 000
July 1 to Dec. 31. 11915................ Gross,
892.317; not,’ 18L944
1
x ii’si V rpr!
A N N U A L R EPOR T.— Fiscal year ends Juno 30. Report f o r 1 9 1 5 i« Reserved for purposes of new company............
Reserved to retire $5,306,000 Equip. Trusts, due'aft. j'uly'f 1 9 1 7 5 ’§AA'ftpo
was In V. 103, p. 1882. Results for 1915-16. Opor. revenue 8 1 8 4 0 9 0 9
Reserved to retire $9,484,000 Gen. M . bds., due 1931, undlst
9 484 000
not, $474,558; othor Inc., $45,539; lnt., taxos, &c., $320 41$- bal Ktir
$199,679. In 1914-15, opor. rov., $1,507,314; net, *334,389
P pm ’ f f ’ Iioserved, issuable after Jan. 1 1917. at par, for new e q u ip m e n t J ' 4 8 4 ,0 0 0
a n d im p r o v e m e n ts :
(a ) Prior to Jan. 1 1922, for-entire cost
Calvin; Sec., Alox. Millar.— (V, 102, p. 1812; V . 103, p? 1882.) "
at rate of $5,000,000 annually, viz., equip., $2,000 000- im
provements, $3,000,000; (6 ) After Jan. 1 19227 tar two-thirds
ST. JOSEPH SOUTH BEND & SOUTHERN RR.—Owns South B e n d
Ind., to St. Joseph. Mich., 39 m. Stock, $500,000 com. and * 2 5 0 0 0 0 5 v
nAAh0i CU ulaAI S ^ ^ ° I $ 8 ' 0 0 0 -0 0 0 biennially (equip.
I?
7
fje non nnn
$4,000,000, Impts., $4,000,000)___________________
prof. Leased to Ind. III. & Iowa RR. (now New York Central R R ) for
, U
years from Feb. 23 1900, the Michigan Central assuming operation on Peh i 5 Reserved for Issue at par to construct n e w m ile a g e or acqu'ire
1905; 5 % per annum on pref. and 2% on com. arc paid yearly cvt V q f t ?
other lines of railroad or stocks or bonds representative thereof
(or after Jan. 1 1931 for two-thirds cost of equipment or for
sinco Sept. 1901. In 1905 and 1907 and -March and Sept. 1900 \qen7 1911
SeptM Qia and Sept. 1915 paid >*% extra on common. No g o n d l—
improvements and additions, $4,000,000 biennially.__
4 5 000 000
(2 ) C u m u la tiv e A d ju s t m e n t M t g e . P r e s e n tly I s s u a b l e , $40,547 818 “A " 6 <
y
Limited to $75,000,000 Bankers Trust Co. and some Individual Trus
ST . LAWRENCE & AD IR O N D ACK R Y .— [S e e M a p s N Y C
lin e s )
tees. Interest payable at such rate not exceeding 0 % Dcr annum
fiXfn
— From Malone, N . Y ., to Adirondack Jet., 43.07 miles ' Lores'from
Grand Trunk R y., Valloyfleld to Beauharnols, Quo., 1 3 .3 m and has at time of issue, but payable, prior to the maturity of thoVrincina! nnlvnf.t
of the "Available Net Income." Interest i^ u m u la tS f
be
trackage rights over Can. Pac. from Adirondack Jet. to Montreal One
P d
8.80 m.: total, 65.17 miles. New York Central R R . owns enMro stack’ or before maturity, but accumulations shall not b<»r internet
11
^r o ? 1
1 t.9 ! 3 t?T
Jun9 ^ 9,t916 was earned and paid In full on
$1,015,000. and In 1916 leased the road for 21 years from Jan r°l tarn’
V. 102. p. 1443; V. 99, p. 1599; V . 101, p. 450 , 775.
Jan' 1 1916' distribution of now bonds In Nov. 1916. See V. 103 n 1688 and nfriViYi
statement, V. 104. p. 453. Tho semi-annual 3 % lnt to Dec’ xi ia i« C
ial
Dlvidonds, 1901, 2 X % ; 1902, 2 H % : 1903, 3 % ; 1905, 1 U % - iqnn and tho $38,702,218 outstanding Adjustment bonds has been declared navnido
1907. 6 % : 1908. 4 & ; to 1910. none; Doc. 31 1911, 4 % ; sinco, nino
d April 1 1917 from the earnings of the half-year li v in g a bafance of W - u ®
As per loaso of Jan. 1 1916, the earnings aro now Included with those of
VMoSfpMSGO .40
° n the S 3 5 ’ 1 9 2 - ° 0 0 S S t Z S S i d f i t a S f f lb o n ^ :
tho lessee.— (V. 101, p. 775.)
Resorvoil for 33 1-3% of cost of equipment and Improvements
^ b® *Mued a t par after Jan. 1 1922, $4,000,000 biennially
ST. LOUIS EL RENO & WESTERN RY.— Guthrie to El Reno O T
42 m ., opened In 1904. Ft. Smith & West, acquired 51% of stock In 1906.'
($2 ,0 0 0 ,0 0 0 for equip, and $2,000,000 for Improvements)
20 000 000
Rosorved to bo Issued at par after Jan. 1 1932, at tho cumulative U,UU J,U U
U
Stock, $970,800 July 1909. In Nov. 1915 Arthur L. Mills, Fort Smith
rate of $3,000,000 annually for that p ^ o f the cos“ of im
was mado receiver. V. 102, p. 251. Loans and bills payablo. &c June in
provements and for additions other than new mileage in ro1915, $496,221. Year 1914-15, gross, $58,602; oper. surp., $3,395; lnt..
spect of which Prior Lien Mtge. bonds shall not be issued.. 14.452,182
R A IL R O A D C O M P A N IE S
\Eor a b b r e v ia tio n s , Ac.. s e e n o te s o n fir s t p a g e ]
W ile s
R oad
St Louis-San Francisco Ry (C o n clu d e d )—
Adjust M cum $75,000,000; ser A , call par & IntBax
Income M non-cum $75,000,000; ser A , call par.Un
Old Gen M gold(lston658m)$3.681.000are6sUs-zc*
Kansas City Ft Scott & Memphis System bonds—
E q u iv m e n t T r u s ts (maturing Mar. 1 1917 to July 1
Equip notes gold Series K duo $17,000 s-a--------SStx
do
do
Series L (V. 84, p. 1429)...........SStx
do
Ser O gu, duo $33,000 s-a-------------------PiPx
do
Ser I* g, duo $132,000 or $133,000 s - a .- .x
do
Ser Q g due $72,000 or $73,000 s-a------- Cex
do
notes Ser R due $5,000 s-a------------------------x
do
Ser S due $74,000 s-a (A & O) - ..........---G x
’Frisco Const'n Co eq. notes ser A g gu dues-a.Col.x
■Frisco Const'n Co eq notes Ser B g gu due s-a-N.c
R em n a n ts O ld B o n d s , Ac, s till e x c h a n g e a b le u n d e r p la n
K C F 3 4 M pref stock trust certs--------------------- gua
Musk Cy Bridge 1st M g lnt rent red 105------SSt.zc*
Mo A W Dlv 1st M g $5,000 yearly drawn 105 zc*
St E & San Fran coll trust g s t not dr’n ...U s .z c *
Collateral trust mortgage on branches gold Un.zc*
Consol mtge (V 64. p 1861) gold, no option.Baz
Southwest Dlv M $1,500,000 red at par g-.-C e.zo*
Cent Dlv 1st M gold $3,462,000 red at 102)4-N.zc*
Northwestern Division mtge redeem 102)4--N .zc*
St Louis Wichita & W 1st M redeem at 105 g -----zc*
Ft Worth & Rio Gr 1st M gold old 5s lnt red.Ce.xc*
St L Memphis & SjE 1st M (see text) call 105------ c*
Southern Missouri & Arkansas 1st M 5s----------------Pemiscot First mtge 6 s--------------------------------------------Kennett & Osceola 1st mtgo 6 s-------------------------------Chester Perry villo & StGenovleve 1st M 5s..............
Bt Louis Southwestern— Common stock $130,000,000
Prelerred stock 5 % non-cumulatlve $20,000,000—
First mortgage certs ($16,500 per mile) gold.Ce.xc*
Second M 4 % lnc $10,000,000 non-cum g.-Ba.xc*
First Consolidated mtge $25,000,000 g -.E q .x c '& r
First and Term U nlly Ing M $ 100,000,000 g G x c ’ &r*
Stechenville Nor & Sou Tex 1st M g gu red 105..xe*
d On Jan. 1 1917 an additional $9,597,300 Prior li
managers for retirement of remnants of old issues
D a te
B onds
100
82
101
64
188
112
103
106
144
223
341
93
18
19
11
1902
1879
1880
1887
1896
1897
1899
1900
1879
1888
1902
1897
1894
1897
1899
1 ,0 0 0
1,000
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 .0 0 0
500 &c
1,000
1 ,0 0 0
1 ,0 0 0
500-1000
500-1000
•
1,000
100-1000
100
100
1,223
1,223
1,2/1
...
105
en “ A
.
1 ,0 0 0
1891
500 &c
1891
1 ,0 0 0
1902
1 ,0 0 0
1912
1 ,0 0 0
1910
” 4 % b onds and
F i v e - Y e a r V o tin g T r u s t— R ig h t to P le d g e N e w S to ck u n d e r P r i o r L i e n M o r tg a g e .
P r io r L i e n
C u m . A d ).
In com e.
M o r t. 6 % .
C a sh . ' S e r . A j Y ^ ^ M a r t . 6
$17,139,250
a9% + ($51,417
x25%
.....................
I
d75%
b 6 % + / 17,346,000 17,346,000 y-534,692.000
50%
x25%
I
d25%
x$2,312,568
--.
c3.333%
|$11,2503)00 x$3V50. i00 .....................
4 % Trust Ctfs 15,000,000
for K C F S & M pref stk
Includes Jilly *1T 914 and Jan"."and July 1915 interest on the old Ref. 4s
and interest on now Prior Lien 4s due Jan. 1 and July l 1916. b Includes
1914 interest on old Gen. Lien 5s and interest on now Prior Lion 4s, Jan.
and July 1916. In addition, in both cases (a and b) interest at 6 % will be
paid on the aforesaid overdue lnt. installments, c For hit. on Gen. Lion 5s
from Nov. 1 1914 to July 1 1915. d Those bonds boar int. from July 1 1915
__see (a), e Bearing iut. from July 1 1916. x Carrying cumulative int.
from July 1 1915. y Entitled to lnt. from July 1 1915, if earned.
T e r m s O ffe re d f o r O ld R em n a n ts — O rig in a lly ------------------- W i l l R ec e iv e
P r i n c ip a l. _ O u tsta n d in g ^
Ref. Mtgo. 4s-$68,557,000
(Foreclosed.)
Gen. Lien 5 s -. 69,384,000
(Foreclosed.)
Do Interest
c
( fo r A m o u n ts o u t. S ee ta b le a b ov e) O u ts ta n d in g .
C a sh .
P rio r L ie n , A , 4 %
100% -$1,558,000
10%
Consol. Mtgo. 4 % bonds----------$1,558,000
125% - 1,036,250
(a)6 K %
Southwest. Dlv. 1st 5% bonds..
829,000
181.250
125% («)3 M %
Central Div. 1st 4 % bonds..........
145,000
58,750
125% 47.000
Northwest. Div. 1st 4 % bonds..
‘
548,750
125% 439.000
Trust Mortgage 5% of 1887-----227,500
125% 182.000 (a) 1 2 'A %
Trust Mtgo. 6 % bonds of 1 8 8 0 92,500
125% 74.000 (a) 12)4 %
M o. & West. Div. 1st 6 % b d s ...
380.000
125% (a) 1 2 %
304.000
St. L . Wichita & W . 1st M . 6 s . .
125.000
125% 5V g
100.000
O%
Muskogee City Bdgo. 1st M . 5s.
281.250
125% 5%
225.000
St. L. Mom. & S. E. 1st M . 4 s ..
175.000
125% "
140,000
Chester Per. & Ste. Gon. 1st 5s
5-1,000 100% & int.
Pemiscot RR. 1st M . 6 % bonds
65,000 100% & lnt.
Kennett & Osceola RR* 1st 6 s . _
4-600 1 0 0 % & int. __
_____
...
So. M o. ........................1st M . .........
& Ark. RR . - ........ 5 s ..
Ft! W . & Rio Gr. Ry. 1st M . 4s. 2,923,000 .
. . 100% - 2,923,000
Q u a n a h Acme & i’ ac. Ry. 1st 6 s . 1,758,000
(a ) 1(4%
125% - 2.1J7.500
x No cash, but 25% ($3,750,000) cum. Adjust. M tge. 6 s.
(a ) Includes interest from last matured coupon to July 1 1916.
(c) Depositors will receive in money H of 1% and either (1) 125% in
Prior Lien, Series A, 4 % bonds, or (2) 100% In said Prior Lien bonds and
20% in cash, interest to be adjusted. V. 102, p. 976.
C a sh R e q u ir e m e n t s — The sum of $25,000,000 was applicable under theplan
as follows: Payment of equipment obllgatjojns dim JtUy_2^191^to^Jujy^l
m il
Ornss earnings
48 403,390 42,974.673 44,023,569 46,050,298 42,100,363
Op « p & t a ^ l 3 4 .971,086 31,875,649 35.419,815 32,768,534 30,667,172
7 4 9 ,0 2 3
5 7 1 .842
9 ,5 0 3 ,7 5 4 13,2 8 1 .7 5 6 11,433,191
7 4 9 ,9 1 2
1 ,3 7 9 ,0 2 3
1.559,319
Total Income.14,181,327 11,670,766 10,253,666 14,660,779 12,992,510
L a s t D iv id e n d
an d M a tu r ity
P l a 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 l e
Earned In full in 1915-16
Earned in full In 1915-16
Bankers Trust Co, N Y
Bankers Tr Co. N Y & S tL
do
do
Prov Life & Tr Co, Phlla
Bankers Trust Co, N Y
Central Trust Co, N Y
Co’s ofrice, 71 Bway, N Y
Guaranty Trust Co, N Y
Columbia Tr Co, N Y
N Y Trust Co, N Y
E A R N IN G S .— For 6 mos. to Dec. 31 1916 and Receiver’s roport for
year ended June 30 1916:
„ w
, „
6 M o s . e n d . D e c . 31—
Y ear
1915.
1916.
1915-16.
Operating rovenuo..................................$24,035,769 $28,768,044 $48,403,390
Operating income after taxes-------------- 7,096,710
9,014,002 13,432,304
Miscellaneous, less hire equipment___ C r . 233,841 D c f . 2 12,107 C r . 749,023
Tot.inc.(not incl.Q.A.&P.Ry.,79 m .) $7,330,557 $8,801,895 $14,181,327
R e n t a ls , &c. (now company)------ --------------------------433,630( 9,367,000
Fixed interest charges (new company)................
4,152,606\
Interest on cum. Adjust, bonds (now company)---1,161,007
2,322,133
Available for int. on incomo bonds------ -----------/ . $3,054,053 $2,492,194
Interest on incomo bonds (new company)..........(3% )1,055,760 (6)2,111,520
Surplus............................................................................. $1,998,893
$380,674
OFFICERS.— Chairman, Henry Ruhlender; Pres., W . B. Biddle, St.
Louis; 1st V.-Pres., ------------------------- ; 2d V.-Pros. and Gon. M gr., E . D .
Levy, Springfield; 3d V.-Pres., N . M . Rico, St. Louis; 4th V.-Pros., O. W .
Hillard, New York; Sec. and Treas., F. II. Hamilton, St. Louis.
D ir e c t o r s .— Frederic W . Alien, N . Y .; W . B. Biddlo, St. Louis; E. N .
Brown N . Y .; Murray Carloton, Sam Lazarus and James W . Lusk, St.
Louis; Henry Ruhlender and C. H. Sabin, N . Y .; A. L. Shapleigh, St. Louis;
James Speyor and Frederick Strauss, N . Y .; E. V. R . l’hayer, Boston;
Festus J. Wade, M . L. Wilkinson and W . B. Biddlo, St. Louis.— (V. 103.
p. 1688, 1793, 1889, 2343; V. 104, p. 73, 164, 452, 540.)
ST . LOUIS SO UTHW ESTERN R Y. System embraces:
S t . L o u is S o u th w estern R y . C o .—
'
Main Line— Delta to Texarkana411.8 Paragould S. E. Ry. (ioased).. 37.3
S t . L . S o u th w . R y . C o . o f T e x a s —
Main line trackage------------------1.6
Illinois Division (trackage)------ 161.3 Main L— Texark to Coinancho.373.8
Cairo and New Madrid Branches 63.4 Fort Worth & Dallas Dranchesl74.9
Grays Point Term. Ry. (leased) 13.2 Sherman & Hillsboro Branches 92.5
Memphis Dlv. trackage, &o— 68.9 Lufkin Branch________________ 130.9
Cent. Ark. & Eastern (leased). 44.8 Steph. N . & S. T . (leased)____ 38.4
Stuttgart&Little Rock Branches 78.5
Shreveport ___________ ____
Branch______________62.5 Total perated June 30 1916.1,753.8
The Stephenvllie North & South Toxas R y.. Stephenvllle to Gatesville,
75 m ., and Edson (near Hamilton) to Comanche, 30 in., Is leased from
July 1 1913 with option of extension for 40 years, or right to purchase at
any time. V. 96. p. 1090, 1490. 1774; V. 90, p. 1841. Leases for 30 years,
from July 1 1910, with privilege of purchase on payment of bonds, tho Cent.
Arkansas & Eastern, operating from Stuttgart, Ark., to England, and Rice
Jet. to Hazen. total, 45 miles. Sue BONDS below. V. 90, p. 1045; V. 91.
p. 397; V. 93, p. 104, 228; V. 94. p. 417, 632.
O R G AN .— Reorg. of St. Louis Ark. & Texas, foreclosed In Oct. 1890.
PREF.
11909 1910 1911
1912
Oct. 1912 '13 '14 since
DTV8 .
(2 %
5%
4 % 4 )4 % (J. & J.)
\M %
4 H 1)4
0
BO N D S.— First consols; auth. issue, $25,000,000; unissued bonds were
reserved to retiro the balance of 2d mtgo. Incomes outstanding, $900 of
consols for $1,000 of incomos. Seo V. 74, I). 831; V. 75, p. 790; V. 77, p.
2160; V. 84, p. 1249; V. 87, p. 814; V. 8 8 , p. 453.
The First Terminal and Unifying 5s of 1912 ($100,000,000 auth. Issue)
cover all the property secured by existing mortgages and will also havo a
first lien on all extensions, branches, equipment, &o., constructed or ac
quired with the proceeds of the bonds. Of the bonds, $ 12,269.000 havo
been issued ($4,114,000 in treasury) to provide terminal facilities at bt.
Louis, llimo and Fort Worth, upon which they will be a first lien, the re
tirement of about $2,165,000 equipment obligations and Immediate re
quirements for additional equipment and Improvements. Of the remain
ing bonds, $38,191,000 are reserved to retire prior lion bonds of the company
and controlled companies maturing during the life of the mortgage, and
$49,640,000 for additions, improvements, equipment, &c., under stringent
provisions. See V. 94. p. 1450, 1120, 560, 488; V. 95, p. 887; V . 98, p.
691; V . 100. p. 1673: V. 102. p. 1718. Equipment trusts, series F. V. 103.
p .1 2 1 1 . Of series " E ” $690,000 called will bo paid April 1 1917 at Guar.
Trust Qo,
t y .
G u a r a n tie s .— Gray’s Point Term. guar, of 1st 5s, V. 69, p. 1062.
St
Louis So. W . owns all stock and leases road till Aug. 1958. V. 65, p. 413.
Of the Gray’s Point Term. Ry. 1st ref. & ext. 50-yr. gold 5s, redeemable
after 5 yrs. at 105 ($4,000,000 auth. lf,sue), $550,000 are reserved to
retire the first 5s, $600,000 to acquire $600,000 So. 111. & Mo. Bridge bonds:
*843.000 Issued and plodged under St. L. & S .W .first term and unif. mtge
V. 93. p. 2 7 3 .8 1 9 .8 9 0 ; V. 85. p .2 2 2 .6 0 1 .
. „ , , ,
, ,
The Shreveport Bridge A Terminal Co., which Is controlled, is leased for
50 years from Aug. I 1905, Its $500,000 bonds ($450,000 Issued) being
guaranteed. V. 81, p. 1007, 1101; V . 82, p. 753: V. 83. p. 815.
Gent. Ark. & Eastern 1st 5s Issuable at $25,000 per mile are guar. p. & 1.;
also Paragould Southeastern 1st 5s ($5,000,000 auth. Issue), of which $511,
000 Issued, held by St. L . S. W . June 30 1910. V. 97, p. 366, 1025, 1824.
G ro s s
N e t a ft e r
O th er
F ix ed
B a la n c e .
E a r n in g s . T a x e s , Ac.
In com e.
C h a rges.
S u r p lu s .
1910
$7,906,459
$2,714,427 $747,591 $1,610,759 $1,845,259
890,549
-------------2,016,047
501,218
- - - - 1,626,716
1 9 1 5 ________ 6,280,778
A N N U AL REPORT.— Report for 1915-16 was In V. 103, p. 1299.
Y e a r s e n d in g J u n e 30—•
1915-16.
1914-15.
1913-14.
Total operating revenues.......................$12,224,449 $10,627,861 312,791,904
Operating expenses______ _
- ______ 8,406,785
8,361,164
9,833,800
Net operating revenue______$3,817,664
Total net income (after taxes)_$4,494,887
Fixed mortgage interest_______ $2,098,190
Int. on 2 d M . inc. bds. held by public.
121,700
Other Interest, rents, «S
cc____ .
1,007,541
_
new’ equipment and additional working capital $4,177,701
REPORT.— For report of receivers to Juno 30 1916 and statements for
new company, seo V. 103, p. 1406, 1889; V. 104, p. 453.
E a r n in g s o f L i n e s V n d e r P la n f o r Y e a r s e n d ed J u n e 30. C o m p a r e 1915-16.
V. 103, p. 1406.
1915-16. 1914-15.
1913-14.
1912-13.
1911-12.
Aver, mileage____
5,255
^5,252
^5,2o9
^5,254
^5,241
Oner incomo 13,4 3 2 ,3 0 4 11,0 9 8 ,9 2 4
W h en
P a y a b le
7,382,400
4 g
Q — J Jan 1 1917, 1% Bankers Trust Co, N Y
St Louis Union Trust Co
J A J July l 1942
31.000
5 g
Bankers Trust Co, N Y
F A A Aug 1 1919
63.000
6 g
United States Trust, N Y
F A A Aug 11920
136.000
6 g
Union Trust Co, N Y
A & O Got 1 1987
130 0 0 0
5 g
Bankers Trust Co, N Y
4 g
J A J July 1 1990
531.000
Bankers Trust Co, N Y
A A () Oct 1 1947
518.000
5 g
do
do
A A o Apr 1 1929
4 g
49.000
Bankers Trust Co, N Y
A A o Apr 1 1930
4 g
8.500
Bankers Trust Co. N Y
M A s Sept 1 1919
6 g
215.000
Central Trust Co N Y
J A J July 1 1928
1.536.000
4 g
Bankers Trust Co, N Y
.1 Jan 1 1952
J A
4
62.000
do
do
.1 June 1 1939
J A
4.500
5
St Louis Union Trust Co
A & o Oct 1 1914
6
10,000
do
do.
J A I) Apr 19 1917
6
63,000
Mercantile Trust Co St L
J & J July 1 1919
5
117.000
16,356,100
Apr 151914, l i Office, 165 Bway. N Y
19.893.650
Guaranty Trust Co, N Y
M & N Nov 1 1989
4 g
20.000,000
Bankers Trust Co, N Y
,T A J Nov 1 1989
4
3.042.500
Equitable Tr Co, N Y
A
D June 1 1932
J
4 g
22,261.750
New York, London, &o
J Jan 1 1952
J A
5 g
8.155.000
New York and St Louis
J A J July 1 1940
2.607.000
5 g
$1,845,600 A 6 % ad justment bonds wero ho Id by reorganization
6 M o s . en d .
D e c . 31.
O th e r i n c o m e . . .
R a te
%
A & O July 1 1955
6 g
3,866; 1915 ............d $38,702,218
Oct. 1 July 1 1960
6 g
35,192,000
3,860; 1915
U.484.000 5 & 6 g J A J July 1 1931
986, 1881 ' $ 1 ,0 0 0
see tb'at comi
1917 a re cov ered by c ash subscrib ed under plan)S Sept 1917
M A
5
17.000
1,000
1907
F A A Aug 1917
5 g
244.000
1,000
1907
J & J15 July 1917 to '18
6
66.000
1,000
1908
O Apr 1917 t o '19
A
5 g
795.000
1 ,0 0 0
1909
F A A Aug 1917 to '20
5 g
508.000
1,000
1910
To Dec 1 1920
5
40.000
5.000
1910
A & 6 Apr 1917 to '23
5
1.036.000
1.000
1911
1.638.000
5 K M & s M A S 1917
1,000
1912
M &S15 Mar 1917 to ’22
5 g
1,350 000
1 ,0 0 0
1912
The pref. and common stock will be held till July 1 1921 In a voting trust,
unless upon payment In any year of full interest on tho incomo bonds the
trustees shall elect to terminate the agreement. Voting trustees: Frederic
W . Allen, James W . Lusk, Charles H . Sabin, James Speyer, Frederick
Strauss, Eugene V. R. Thayer, and Festus J. Wade.
Tho new pref. and common stock is pledged as part security under the
Prior Lion Mortgage.
.
, „
,
.
,
.
In Jan. 1917 tho exchange of old bonds for tho now issues and cash was
still in progress under plan as follows, these then including in tho aggregate
13,654,800 underlying mortgage bonds and $7,382,400 4 % trust ctfs. for
I t . O. Ft. S. & M . prof, stock:
3
D is tr ib u tio n o f N e w S e c u r itie s a n d C a sh — H o ld e r s —
(1) F o r R e f. M . a n d G e n . L i e n B o n d s a n d 4 % G u a r . T r u s t C e r tific a te s I s s u e d
f o r K a n s a s C ity F o r t S cott A Memphis P r e fe r r ed S to ck . _________
O rig in a lly
A m oun t
O u ts ta n d in g
Par
V a lu e
(3) N o n -C u m . I n c o m e M t g e . B o n d s , $75,000,000; N o te I s s u e d , $35,192,000.
Limited to $75,000,000. Trustees, Union Trust Co. of New York and
some individual. To bear non-cumulative Interest at such rate not ex
ceeding 6 % per annum as may be named at tlmo of issue, but only after the
therefrom of all interest
K ent 6 % , interest from July 1 on the Adjustment Mortgage Bonds.
A,
1915 to June 30 1916 earned
and to be paid In full on distribution of new bonds in Nov.
1916. V. 103. p. 1688.....................................- - - .......... - - --$35,192,000
Reserved for issue at par for improvements, additions and equip
ment, 1922 to 1931, $2,000,000: thereafter $3,000,000 yearly 39,808.000
(4) N o n -C u m . P r e f . S tock , $200,000,000 A u t h .; N o w I s s u e d ------ $7,500,000
Entitled to recoivo for any fiscal year such non-cumulativo dividends
as may bo determined by the board, provided for the two fiscal years next
recoding tho full interest shall have been paid on the Income Mortgage
Sonds. Issuablo in scries and redeemable, In whole or in part, at such
premiums. &c., as may bo fixed at time of Issue.
Presently issuable as 6 % pref. stock (redeemable if allowed by
laws at par and dlv.) for adjustment of outstanding debt— $7,500,000
For future purposes, with maximum dividend rate to be fixed
__
at time oflssuo at not over 7 % ------------------- - - - - - - -192,500,000
(5) C o m m o n S tock , $250,000,000 A u th o r i z e d ; $50,447,000 N o w I s s u e d
Reserved for ruture Issue for corporate purposes, not exceeding. 199,533,000
E x is tin g
[V o l . 104.
RAILWAY STOCKS AND BONDS
116
$2,260,707 $2,958,104
$2,905,961 $3,424,435
$2,098,190 $2,098,190
121,700
121,700
967,064
868,774
Balance, surplus for year_______ sur.$1,267,455 dof.$280,993
$335,771
Preferred dividend_____ ____ . . . . . . .
......
---------- (2)4)497,341
F e b ., 1917.]
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 , A c . , s e e n o te s o n f ir s t p a g e .]
M ile s
R oad
Am ount
O u ts ta n d in g
D a te
B onds
R a te
%
W h en
P a y a b le
117
L a s t D iv id e n d
a n d M a tu r ity
1
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
St Louis Southwestern (C o n clu d e d )—
Paragould Southeastern 1st M $5,000,000 gu
See text
$ 1 ,0 0 0
5
37
1943
Car trust bonds, due $34,000 yearly........................ _x
$ 1 0 2 ,0 0 0
1 .0 0 0
5
A & o April 1917 to T9 Penn Co for Ins, Ac, Phil
1909
do Ser A (V'JO, p 1364, 1491) $46,000 yly --.U stn x
184,000
1 ,0 0 0
5
A & o April 1917 to ’2C U S Mtg A Tr C o . N Y
1910
Special equip trust (V 96. p 1557) $33,000 s -a n ___x
462,000
J & D To Dec 1 1923 Phila Tr & Safe Dep Co
1,000
5 g
1913
Equipment gold notes ser D _______________________
1 ,0 0 0
255,000
F S A To Feb 1 1924 U S Trust Co, N Y
5
tC
1914
l fz7«r O
>,U ()
o
do
do
Ser E duo $85,000 semi-annually
1,000
A & O A&O 1917 to ’24 Guaranty Trust Co. N Y
1914
do
do
Ser F, due $21,000 s a . . Q c*____
1,000
42U.UU0
4>Sg
M & S15 Mar 15 1917-’26
1916
do
do
G u a r a n te e d B o n d s , & c .—
Gray's Pt Term 1st M guar p A 1 gold......... SSt.zcAr
1 ,0 0 0
500,000
j
& D Deo 1 1947
1897
5 g
N Y , Eq Tr A St Louis
1 ,0 0 0
See text
1st Ref AExt M$4,000,000 g red text gu pAiEq.xc
F A A Aug 11956
5 g
1906
do
do
1 ,0 0 0
Cen ArAE 1st M $3,000,000 g red 105 text SSxc* Ar
1,085,000
5 g J A J July 1 1940
1910
Guaranty Trust Co, N Y
1 ,0 0 0
Shreveport Bdge & Term 1st M $500,000 g gu____:
450,000
F Sc A Aug 1 1955
5 g
1905
St Louis, Mo
500
500.000
1904
J A D Dec 1 1924
St Louis Troy & Eastern— First mtge $500.000___CC
5 g
Miss Val Tr Co, St Louis
1 .0 0 0
173,000
M & S M&S 1917 to '22 St L Union Tr, St Louis
Equip notes $202,000 S15.000&314,000 s-a .-S S T .x
1915
5 g
St Louis Watkins & (iulf— See St Louis Iron Mt A Sou
1 ,0 0 0
1909
St Paul Bridge & Terminal Ry— 1 st M $500,000-FCz
400.000
j
6
A J Jan 1 1929
First Tr A Sav Bk. Chic
St Paul Eastern Grand Trunk— See Ohio A North West
St Paul & Kansas City Short Line RR— See Chicago R 1 & P
1 .0 0 0
1880
St Paul Union Depot— First M gold, lnt as rental— z
250,000
M A N May 1 1930
6 g
Central Trust Co, N Y
1894
Consol mtge gold ($100,000 are 4s), int as rental -.z
1 .0 0 0
250,000 4 g & 5 g M A N May 1 1944
Northwestern Trust Co
19
None
Now mortgage (V 103, p 1688)................ ............
8
100 A c
1915
Snlina Northern RR— 1st M gold $1,500.000---------1,590,000
J & J July 1 1945
6 g
Kansas Trust Co.Kan Oy
4.38 1908
Salt L CU n Dep & RR— IstM $1,500,000 g red .B a -.x
1 .0 0 0
1,035,000
M A N Nov 1 1938
5 g
Bankers Trust Co. N Y
100& C
1916
Salt Lake Oar & W est Ry— 1st M $600,000 call 104CC
300.000
M A S Sept T9 to ’41
6 g
Second mortgage $200,000 authorized-----------2 0 0 .0 0 0
100
1 ,0 0 0 .0 0 0
San Antonio & Aransas Pass— Stock------------ - - 724 1893
First M $21,600,000 g guar p A 1 (end)— Ce.zc’ Ar
1 ,0 0 0 17,544,000
4 g J & J Jan 1 1943
Central Trust Co, N Y
Equipment trust obligations (on Juno 30 1916)-----403,398 (See text below)
1916
San Antonio Belt & Term Ry— 1st M notes g tcxt.c
$ 1 ,0 0 0 $1,750,000
A & o Apr 1 1919
6 g
New York and St Louis
318 1913
San Antonio Uvalde 5: G ulf— IstM $13,500,000.gx
4,413,000
1 .0 0 0
F & A Feb 1 1943
6 g
St Louis, Mo
Receiver’s certificates______________________________
163,000
San Francisco & Nor Pacific— See Northwest Pac RR
San Francisco & San Joaquin Valley— Seo Atchison T opeka A Sant a Fe
San Joaquin & Eastern— 1st M gold red text------ c*
58 1912
1 ,0 0 0
1 .0 0 0 ,0 0 0
M Sc S Mar 1 1952
5 g
Secur Tr A Sav Bk, Loa A
San Luis Southern Ry— First mtge $1,000,000 gold _x
32 1909
1 ,0 0 0
J 6c J Dec 1 1939
327,000
6 g
Internat Tr Co, Denver
San Pedro Los Ang & Salt Lake RR— Seo Los Ang olos & Salt L ako RR
29 1911
Santa /Vlaria Val RR— 1st M $200,000 g red 105 .c*
1 ,0 0 0
M & s Sept 1 1931
2 0 0 .0 0 0
6 g
Sec Tr A Sav Bk, Los An
Santa Fe Prescott & Phoenix— See Atchison Topeka A Santa Fe
Saranac & Lake Placid— SeeChateaugayA Lake Placid
OFFICERS.— Pres. A Chairman, Edwin Gould, 1st V .-P ., J. M . Her
bert; V .-P ., O. W . Nelson; D . II. Morris, N . B. Burr; Sec., Arthur J.
Trussed; Troas., G. If. Warner.
Directors.— Edwin Gould (Chairman), Dave II. Morris, A . J. Hemphill,
Winslow S. Piorco, David II. Taylor and Geo. II. Macy, New York; Mur
ray Carloton. J. M . Herbert and Tom Randolph, St. Louis. Office, Ry.
Exch. Bldg., St. Louis; N .Y . headquartors, 165 Broadway.— (V. 102, p.
1718; V. 103, p. 1033, 1211, 1299, 1406.)
ST. LOUIS TROY & EASTERN RR.— East St. Louis, III., to Troy, 111.,
with branch 1 mile to Donkvllle, 111.: total, 18.9 miles; leases St. Louis A
111. Belt, Edwardsville, Til., to near Formosa, 111., 7 m .; yard track and
sidings, 17.28 in.; total, 45.19 miles. Strictly a freight road. In Jan. 1916
sold $202,000 5% equip, notes guaranteed prin. and int. by Merchants’ A
M frs.’ Investment Co. (which owns the $850,000 cap. stock) and Pres.
Conrades. V. 102. p. 154, 251. Dividend record to Jan. 1 1916: 1244% in
1903 and 1904; 25% each year 1905 to 1909 incl.; 12)4% in 1910 and 10%
In 19-12. None since to Feb. 1917. For year 1915-16, gross, $350,421;
net, $134,692; int., Ao., S60.957; surplus, $102,748. Pres., E . H . Con
rades, 314 N . 4th St., St. Louis.— (V. 102, p. 154, 251.)
ST PAUL.— See Chicago Milwaukee & St. Paul.
ST . PAUL BRIDGE & TERA4INAL R Y .— Owns 2.31 miles of right-ofway from St. Paul terminals to stock yards at South St. Paul with receiv
ing yard and other tracks; total, 6 . 6 8 miles.
Bonds (auth. Issue $500,000), see table above. Pres., W m . MaglvnySec. and Treas., A. A. McKcchnie. Office, South St. Paul. Minn
’
(THE) ST. PAUL UNION DEPOT CO.— Owns Union Passenger Station
with 9.24 miles of track. In Fob. 1917 preparations wero being completed
for a now station, Ac., to cost about $11,000,000. Seo V 104
660•
V . 100, p. 641.
P'
’
Great Northern, Northern Paciflc, Chic. St. Paul Minn. A Omaha Ohio
MU. A St. Paul, Ohio. Great Western, Ohio. Burl. A Quincy. Minn. St.
Paul A S. Ste. Marie, Minn. & St. Louis and the Ohio. R . I. & Paciflo
own the entiro capital stock equally.
Authorized stock, $1,000,000. In Oct. 1916 the limit of indebtedness
was increased to $25,o0o,O0O. rRentals cover interest on bonds and 4 %
...... “ v 1U I fn
i
C
1OA1 r*
SALINA NORTHERN RR — Extends from Salina, Kans., to Osborne,
Kans., 81 miles. Capital stock, $1,500,000, par value $100
First mtze
bonds authorized, $1,500,000; issued, $1,500,000; callable at 105 on.any
interest dato. II. C. Brent, Pres, and Troas.; K. S. McAnanv V -Pres
and Sec. Offices, Salina, Kans.— (V. 101, p. 846.)
y’
’ 1 rcs’
SALT LAKE CITY UNION DEPOT & RR.— Owns union depot and
facilities at Salt Lake City, opened Aug. 20 1910.
Stock $200 000
SALT LAKE GARFIELD & WESTERN R Y ._ S a lt Lake to Saltair
Beach. Utah, A c., 17 miles. V. 65, p. 824. In 1916 Clanged name from
Salt Lake & Los Angelos to name above. The now 1st M is imlted t
$600,000, present Issue $300,000, callablo at 104 A 1nt on aiiv int dato in
rovorso of numerical order. Komlaning bonds aro issuablo for 80% of cost
of extensions, Ac., when not earnings aro twice the Interest champ Including
the additional bonds. Seo ’’Chronicle” of Feb. 24. V 104 n 560
It if
proposed to electrify the road and extend it to Garfield 3 miles
Stork$300,000; controlled by Joseph Nelson, Salt Lake City. Year’ 1915-16*
gross, $128,243;net, $68,107;othcr Inc., $399; lnt., taxos, Ac $25 247- dlvs
(5 % ). $15,000; bal„ sur.. $28,259.— (V. 83, p. 1472; V.103.P72a39V2343:
V . 104, p. 560.)
SAN ANTONIO & ARANSAS PASS RY.— Owns from Kerrvllle to Hous
ton. 309 miles; Kenedy to Corpus Christl. Tex., 8 8 m.; Yoakum to Waco
171 miles; Skidmore to Alice, 44 miles; Shiner to Lockhart, 55 miles’
Gregory to Itockport, 21 miles; Alice to Falfurrlas, 36 mdcs; total. June 30
1916, 723.8 miles.
BONDS.— Mortgage Is for $21,600,000 (trustee, Central Trust Co.) and
the Sou. Pao. Co., by endorsement on each bond, guarantees, uncondition
ally, “ the punctual payment of the principal and interest.” Bonds fo r
$2,700,000 reserved for extensions, limited to 100 miles at $27,000 nor
wilo equipped. Abstract of mtge., V. 56, p. .540. Notes hold by Sou.
I ac. Co. Juno 30 1916, $3,898,000, duo July 1 1920, bearing int. (non-cum.)
at such rate, not over 4 % , as net earnings over betterments will pay; total
bllT
ls
June 30 1910, $8,101,202, incl. $3,905,842 mentioned abovo.
(! ! nder or(*cr of the Texas Railroad Commission) canceled
of A" 3 outstanding $18,900,000 bonds, reduced the stock to
'
$1,000,000, and separated the management from the Southern Paciflc.
V. 77. p. 90. 148, 401, 452, 2340; V. 78, p. 2600; V. 82, p. 453.
K A R N IN G S .-6 m o s.,r i9 1 6 ..............Gross, $2,573,708; net, $706,875
July 1 to Dec. 31.
\1915-------------Gross, 2,294,834; net, 430,393
ANN U AL R EPO R T.- -Fiscal yoar ending Juno 30 1916.— V . 103, p .1881.
J u n e 30 Y r .
G ross.
N et.
o th . In c.
l s t M I n L Q th J n t .,& c B a t., D e f .
a'A x'*- $
^ v 9, .? $701,760 $242,026 $600,471
2
1 9 , ' 15-w A
4
, * m 2v
0
701.760
197.861
861.871
Pres., W . H . McIntyre, N . Y .; Sec and Aud., J. W . Terry, San Antonio,
Tex.— (V. 101, p. 1625; V. 103, p. 1881.)
SAN ANTONIO BELT & TERMINAL R Y.-O rganized M ay 2 1912
with $175,000 capital stock, all owned by the Missouri Kansas A Texas
R y. Co., and in 1915-16 was constructing for that company freight and
passongor terminals and yards at San Antonio, Tex. See report of Mo
Kan. A Texas Ry Co. In V. 101, p. 1816. The property has beon toasod
to the receiver of the M . K . & 1. Ry. Co. of Texas at a rental, incl. in their
operating charges, which covers the int. on the $1,750,000 6 % mtge. notes
of 1916 (V. 102, p. 1718). The principal and interest of those notes has also
beon guaranteed by receivers of M . It. & T . Ry. and M . K. A T . of Texas
under order of Court. The notes aro subject to call during the first year
at 102 and int.; second year at 101 and int.; third year at 100 and int. Mort
gage trustee. Mercantile Trust Co., St. Louis; Pres., C. E. Schaff.
SAN AN TO N IO UVALDE & GULF RR.— Owns San Antonio, Tex., to
Crystal City, 144.6 miles; Uvalde Jet. to Carrlzo Springs, 52.90 ra.;
Pleasanton Jet. to Corpus Christl, 117.50 m .: total. 315 miles The
Bankers’ Trust Co. of St. Louis owned all or nearly all the bonds and pledged
them for loans on which it defaulted, the bonds being largely acquired by
John T . Milliken of St. Louis at judicial sale in Dec. 1916, with right to
Leon AV. Quick, receiver of the trust, to acquire the same (acquire ! Feb. 1'
1917). In Aug. 1914 receivers were appointed. A. R. Ponder ofSanAntonio, Texas, is now receiver. V. 99, p. 468; V. 100, p. 1259. In Jan.
1915 receiver was authorized to issue $163,000 certfs. V. 100, p. 310.
Bonds, 1st M . 5s. V. 96. n. 1630; V. 97. n. 8 8 8 ; V. 97. p. 1116; V. 99,
P- 199, 408. For year 1915-16, gross. $589,500; net, $110,008, against
$5,420 in 1914-15: other income, $3,480: int. on receivers’ certifs., $10,430;
deductions, $73,515; bal., sur., $30,130. against def. $42,868 in 1914-15.
— (V. 100, p. 310, 1259; V. 103, p. 1981; V. 104, p. 74, 453.)
SAN DIEGO & ARIZONA R Y .— Under construction from San Diego.
C a l., via the Imperial Valley to Yuma, Ariz., 220 miles, of which in Jan.
1917 about 91 miles in detached sections was in operation, including the
lijuana A Tecate Ry. of Mexico, 44 miles. Incorp. in 1906. In Dec.
1916 the Southern Pacific Co. agreed to join forces with John D. Spreckles
in completing the road, and on completion to operate it. Capital stock
auth., $6,000,000; issued, $2,000,000. Bonds (auth. $25,000,000) out
standing only as collateral. Pres., John D . Spreckles; V.-Pres., R. C. GilBs; Sec.-Treas., Harry L. Titus. Office, Spreckles Bldg., San Diego.—
(V. 104, p. 74.)
SAN JOAQUIN & QASTERN R R .— El Prado. Cal., on the Southern
Pacific, to Cascade, on Big Creek, Cal., 55.92 miles; sidings, 5.12 miles.
Stock, $1,000,000, of which the Pacific Light A Power Corp. owns a con
trolling interest; par S100. Bonds are redeemable as a whole at par and int.
on 60 days’ notice or by lot for a sinking fund of 1 % of outstanding bonds
from Mar. 1 1917 to Mar. 1 1951. Pres., G. C. Ward; Treas., A. N . Kemp;
Sec., O. V. Showers. Office, Los Angeles, Cal.— (V. 99, p. 1836.)
SAN LUIS SOUTHERN R Y .— Owns Blanca, Colo., on Denver < Rio
fc
Grande to Jaroso, on New Mexico-Oolorado State line, 31.53 m. Com.
stock, $750,000; pref., $250,000. Bonds ($1,000,000) outstanding, $327,- ■
000. International Trust C o., Denver, trustee. For year ending June 30
1915, gross, $19,482; op. def.. $2,199; int., taxes, &c., $20,717: bal., def..
$22,917. Pres., Chas. E. Gibson; Sec., II. Alexander Smith; Treas.,
Chas. A . Robinson. Office, San Acacio, Colo.
SANTA MARIA VALLEY R R .— Guadalupo to Roadamite, Cal., 22 ra.;
leases Guadulupe to Bottaravia, 4 m.; total, 26 miles. Has traffic arrange
ment with Southern Pacific C o., which owns one-half of bonds. V. 101
p. 132. Stock, $300,000; par. $100. Bonds, $200,000 1st 20-year 6 s.
sinking fund 6 % gross earnings yearly; redeemable after 1915 at 105.
Pres., A. A . Daugherty; V .-P .. J. R. McKinnie; Sec. & Treas., O. B.
Eyer, Los Angeles, Cal.— (V. 101. p. 132.)
SARATOGA & SCHENECTADY RR .— (.See M a p D e l. & H u d s o n .) —
Saratoga to Schenectady 21.65 m. Leased in perpetuity in 1861 to Hens.
A Saratoga and lease assigned to Del. & Hudson, by which t It, operated.
Rental, 531,750 per year. Stock, $450,000. Dlvs., 7 % yrly. (J. A J . 15).
SAULT STE. MARIE BRIDGE.— Owns Sault Ste Marie Bridge, Includ
ing 6,421 feet of main track. The Can. Pao., Dul So. Shore A Atl. and
Minn. St. P. A S . Ste. Marie RR . cos. agree to pay for use of bridge as
amount equal to operating expenses and interest and s. f. of debt. Bonds
authorized, $1,000,000: c. f., 55,500 yearly. Stock, $’ ,000,000.
SAVANNAH & ATLANTA R Y .— A 35-mile lino’from St. Clair to Warrenton, Ga., connecting the Georgia RR. and the Savannah & Northwestern
R y., affording the former its only direct entrance to Savannah and the
Savannah & N . W .: (a ) its direct entrance to Atlanta, and also (b ) over the
Augusta Southern RR. to Augusta. Operated by Savannah & Northwest
ern Ry. under a traffic agreement that guarantees the interest on the $500,
000 notes as a prior operating charge. These notes (V. 103, p. 5S0) are a
direct 1st M . on the property at $14,300 per mile, and are additionally
secured by pledge of all the capital stock of the Port Wentworth Terminal
Corp., which controls the tidewater terminals of the Savannah A N . W .
Ry. at Savannah, and which owns about 2,000 acres of laud appralsod at
$700,000.— (V. 103, p. 580.)
SAVANNAH & N O RTH W ESTERN R Y .— Owns Savannah, G a., to
St. Clair, 109 miles; branch, 2 m. (V. 98, p. 297). Also in July 1916 began
operating under traffic agreement the new 35-mile lino of Savannah A
Atlanta Ry. (which see above), thus obtaining a direct line to Atlanta and
via Augusta Southern RR. to Augusta. V. 103, p. 580. 188 ).
The $1,196,400 1-year convertible 6 % gold notes ($1,196,400 auth.) are
secured by deposit of 6 % First A Ref. M . bonds. 130% of bonds for each
100% of notes issued into which they are convertible at 105. See V. 103,
p. 1889. The auth. issue of 1st & Ref. M . bonds is $5,000,000, but no
raoro bonds can be issued during tho life of these notes; $1,000,000 1st A Ref.
aro reserved to retire an issue of 1st M . 5 % bonds, of which $ 8 6 .5 ,0 0 0 are
outstanding. Equip, trusts June 30 1915, 886,682. Com. stk.,$1,000,000.
For year ending June 30 1916, gross earnings were $192,655, agst. $177,
759 in 1914-15; deficit from operation. $26,449, agst. $40,235 in 1914-15.
Chairman, James Imbrie; Pres., John Hurd Hunter; V.-P ., C. E. Gay Jr.;
Sec., R. M . Hitch. Office, Savannah, Ga.— (V. 103, p. 580. 188J.)
SAVANNAH & STATESBORO RY.— Owns Cuyler to Statesboro, Ga.,
32.6 m.; trackage, Cuyler to Savannah, 20 m. Stock. $200 000, all outs’g.
Has tralflo agreement with Seaboard Air Lino, which guarantees bonds
by endorsement, principal and Interest: Savannah Trust Co., trustee
V. 75, p. 1303; V. 77, p. 695. Form ot guaranty, V. 81, p. 614.
EAR N IN G S.— For year ending June 30 1915 (Incl. Sav. Aug. A Nor.,
39 m .). gross. $123,089; net. after taxes. $27,847; int., rentals, A c., $25,
772; bal., sur., $2,076- Pres. & Treas., J. Randolph Anderson. Savannah;
See., Thomas F. Walsh. Office, Statesboro, Ga.— (V. 93, p. 1464).
118
RAILWAY STOCKS AND BONDS
[V o l . 104
F e b ., 1917. j
119
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 . & c . , s e e n o te s o n f ir s t p a g e .]
M ile s
R oad
Saratoga Sc Schenectady— Stook, $450,000 guar 7 % - .
1 M
Sault Ste Marie Bridge— 1st M gold a t drawn 1 1 0 .-xo
35
Savannah & Atlanta Ry— 1st M g notes red 1 01--F
ivannah Florida & Western— See Atlantlo Coast Lin o RR
t av & Northw RR— Ihlnson R y .lst M gold-.F xc*
111
First & Ref mtge g red 110($5,000,000)_.Eq.zcc*
in
Coll trust conv 1-yoar gold notes red 102 conv.Eq.z
Sav & Statesboro— 1st M $500,000 gu p & 1 (end) .xo*
33
Savannah Union Station Co— 1st M $600,000 g -~ G .x r
Schenectady & Duanesburg— See Delaware & Hudson C o """
Schuylkill & Juniata RR— See Pennsylvania RR
49
Schuylkill & Lehigh— First M guar Reading C o ___kv
Schuylkill Valley Navigation & RR— Stock...................
Seaboard Air Lint. Ry— Common stock $40,041,000-Pref 4 -2 % (non-cum) and partlc. $25.000,000-------Pref stock 6 % non-cum & participating $2,280,000Refunding mtge $125,000,000 red 105— N.xc*&r* 2,980
1st & Cons M $300,000,000 serA calU07H Q.c*&r*
...
Adjust M(5% cum tnt) $25,000,000 red Dar.FBa.xo*
U n d e r ly in g B o n d s a n d E q u ip m e n t T r u s ts .
First mtge gold subj to call (see text) ...CoBa.xc& r
Atlanta-Blrm Division 1st M $ 1 0 ,0 0 0 ,0 0 0 --C ol.xo*
Florida West Shore first mortgage g o l d . . - . ......... x
Equipment trust “ D ” old due $15,000 yearly- - - -Z
Equipment mtg gold Ser I due $05,000 s-a .-.P lP x
do
do gold Ser J due $45,000 s-a----------x
do
do gold Ser K gu due $15,000 s-a.xc*
do
do gold Ser L due $69,000 s-a . - - -Nx
do
do g Ser N due $75,000 s-a red 102 W-X
do
dog S o r O due$ 103.000s-a red 102 H .x
do
do g Her P duo $95,000 s-a
---F o x
do
do g Ser Q due $72,000 s-a (V98.pl695)
do “ R ” due $25,000 and $26,000 s -a ...Q P .c *
Carolina Cent 1st cons M gold guar p & l (end). Fz
Durham & Northern first mtge $150,000 ...M cB az
Roanoke & Tar River $260,000 . - - - ................MeBaz
Florida Cent A Pcnln 1st M ($5,226 p m) g..C e.zo*
Second M (1st on ext. 92 m) $5,226 p m g.Mn.zc*
Consol mtge $7,800,000 ($10,000 p m) gold.G.zo*
South Bound 1st M gold Interest rental-MeBa.zo*
D a te
B onds
Par
V a lu e
1887
1916
$100
1 .0 0 0
1 ,0 0 0
1910
1913
1916
1903
1902
1 0 0 &c
1 .0 0 0
l.OOO&c
1898
1 .0 0 0
1909
1915
1909
100
100
100
1 ,0 0 0
1 ,0 0 0 &c
1 .0 0 0
1 .0 0 0
500 &c
50
All
1900 1 ,0 0 0 &c
1 .0 0 0
197, 1903
6 6 1904
1 ,0 0 0
1897
1907
1 ,0 0 0
1907
1 .0 0 0
1907
1,090
1909
1 .0 0 0
1911
_
1911
i.ooo
1913
1914
1 ,0 0 0
1916
1 ,0 0 0
207 1899
1 .0 0 0
42, 1888
32 1887
575 1888
1 ,0 0 0
606 1890
1 .0 0 0
780 1893
1 .0 0 0
136 1891
1 .0 0 0
SAVANNAH UNION STATION CO.— Owns union pass, station and ter
minal at Savannah, Ga., with 8 m. of track. Leased o y the Southern R v.
Sav. Fla. & West, (now Atl. Coast Line RR.) and Seaboard A . L. R y.,
wh'ch own the $300,000 stook,the rental providing for Interest and s.f, on
bonds, maintenance, < c . Pres., J. R. Kenly; Treas., Savannah Tr. Co.;
So
Sec., W . V. Davis.— (V. 71, p. 343: V. 74, p. 1039, 1253.)
A m oun t
O u ts ta n d in g
$450,000
900.000
500,000
R a te
. %
7
5 g
g
6
W h en
P a y a b le
L a s t D iv id e n d
a n d M a t u r it y
P l a c e s W h e r e I n te r e s t a n d
D iv i d e n d s a r e P a y a b l e
J & J15 Jan 15 ’ 17. 3>4 Troy, N Y
J & .1 July 1 1937
55 Wall Street. New York
J & J 15 July 15 1917
Franklin Trust Co, N Y
M &
5 g
865.000
See text 5 & 6 g F &
F &
6 g
1.196,100
J &
5 g
185.000
A &
4 g
600.000
N May l 1935
A Aug 11943
A Aug 1 1917
.1 Jan 1 1953
O Apr 1 1952
Farm Loan & Tr Co,N Y
Equitable Trust Co, N Y
do
do
Savannah Trust Co
Guaranty Trust Co,N Y
4
600,000
576,050
5
37.019,450
23,894,100
37,300
20,004,000
4 g
26,909,500
6 K
25.000,000 Up to 5
M
J
12.775,000
6.910,000
755.000
30.000
65,000
45,000
15,000
414,000
675.000
1,133,000
1,235.000
1,080.000
185.000
3.000,000
* 1 0 0 .0 0 0
*55,000
3,000.000
347.000
4,372,000
2.033.000
24 Broad St, New York
A & O Apr 11950
M & s May 1 1933
do
do
T & J Jan 1 1934
do
do
do
do
M & N To Nov 1917
M & N May 1917
Prov Life & Tr Co, Philo
New York Trust Co, N Y
J & J July 1917
J & J July 1917
Phila S D, Insur & Trust
24 Broad St. New York
J & D 15 To Dec 1919
do
do
F & A 15 Aug 1917 to ’21
J & J15 July 1917 to ’22 24 Broad Street, N Y
F & A15 Aug 1917 to ’23
.T <
fe J July 1917 to ’ 24 Girard Trust Co. Phlla
• & J J u ly’ 17-July '26
J
do
do
J & J Jan 1 1949
do
do
M <c N Nov 11928
f
Merc Tr & Dep Co, Bait
A & O 1917
do
do
J & J July 1 1918
24 Broad St. New Yom
J & J Jau 1 1930
do
do
do
do
J & J Jan 1 1943
24 Broad St N Y , or Balt
A & o Apr 11941
4 g
4 g
5 g
6
5 g
5 g
5 g
5 g
4)4
4H
5g
5
4H
4 It
6
6
5
5
5
5
g
g
g
g
&
&
N May 1 1948
Reading Terminal, Phlla
J July 14 ’ 16.2 H
do
do
A <c O Oct 1 1959
f
M & s Sept 1 1945
F & A Oct 1 1949
24 Broad St. New York
do
do
do
do
variable Interest rates and maturities. This mortgage ilia first lien on the
416 miles of main-line track botween Hamlet and Savannah, via Charleston,
Lanes and Georgetown, S. O ., and on the lines running from McBee. S. O .,
located on the Hamlet-Columbia line, to Florence, Poston, Sumter and
Tlmmonsville. S. O. The mortgage has no direct lion on the former Sea
board Air Line R y .’s property, but there are pledged under It a majority
($24,667,000 out of $44,671,000 outstanding) of tho Refunding Mtge. bonds,
SCHUYLKILL & LEHIGH RR.— Owns from High’s Farm, near Reading, which gives it a collateral Hen on 3,047 miles; and also all the stock of
Pa., to Slatington, Pa., 48.96 m.: total traok. 57.93 m. In 1883 leased to Raleigh & Charleston R R . Co. and Tampa Northern RR. Co., and onePhlla. & Read, for 999 years. Rental, $27,000 yearly and taxes. Reading third of the outstanding stock of Tampa Union Station Co., and all Refund
Co. owns stock ($600,000), of which $598,000 under Its gen. mtge. of 1897.
ing bonds hereafter Issued will be pledged thereunder; also certain stocks
SCHUYLKILL VALLEY NAVIGATION & RR.— Port Carbon to Reeves- under option, If acquired.
The amount Issued under the now mortgage to Dec. 1 1916 was about
dalo. Pa., 17.56 m .; 2d track, 5.26m .; total track, 29.55 m. Leased July 25
1861 for 999 yoars to Phlla. & Read. R R .; assumed by P. & R. Ry. Doc. 1 $26,909,500 30-year 6 % bonds, and of these $14,500,000 were marketed In
Dec. 1915 and the remainder in Dec. 1916. V. 103. p. 1981, 1707: V. 101,
1896. Rectal, $29,450, which pays 5 % on stock and State taxes
p. 1974; V. 102, p. 346. Of the remaining bonds $73,753,000 are reserved
SEABOARD AIR LINE R Y .— (See M a p . ) — This System as enlarged for refunding an equal amount of Seaboard Refunding bonds and various
In 1915 by consolidation with Carolina Atlantic & Western includos a lino underlying bonds, and tho rest of said issue are to be reserved for better
ments, improvements, additions and extensions, refunding or payment of
from Richmond to Atlanta, Birmingham, Charleston and Tampa.
liens on after-acquired property and retirement of equipment obligations,
L i n e s o w n e d in fe e (c o n c l.)
M ile s .
L i n e s o w n e d in fe e —
M il e s .
all under restrictions. V. 101, p. 528, 1189, 1974; V . 103. p. 1707, 1981,
Richmond, Va., to Savannah,Ga.502 Savannah to Tampa, Cedar Keys,
2156.
Wilmington, N. C.. to Atlanta,Ga437
Chattahoochee River, & o ......... 806
Hamlet, N . O .. to Charleston. _ Starke to Wanee, Fla
BONDS— Of the 1st M . 4s of 1900 ($75.000.000). $12,775.000are in hands
58
S. O .. with branches----------------331 Other lines______
598
of public and $27,000,000 are pledged as collateral under tho Ref. mtge. of
Howells, Ga., to Birmingham,
1909. Of the $12,775,000. $12,433,000 are stamped subject to call at any
Portsmouth, Va., to Weldon,N.6". 81
Ala. (incl. 34 miles branches -.2 1 6 State Line to Lewiston, N. C - - . 32 Interest day. V . 89, p. 666.
Savannah, Ga., to Montgomery,
T r a c k a g e ______ ______
80
The $125,000,000 R e fu n d in g M o r tg a g e of 1909 provided for the issuing
Ala. (58 miles trackage de
of bonds as follows: (a) To retire underlying and divisional bonds, except
ducted) -------------------------------r--2 § 0
some $10,728,000 maturing prior to 1959 and certain short-term obligations
Charleston to Savannah (bldg). - 8 6
Total sys.(see V.103.P. 1708) .3535 and equip, obligations not over $72,076,000: sundry Improvements, double
Under construction In Fob. 1917 (but included above)Charleston to tracking, &c., $8,424,000; further Improvements and additions at not over
Savannah, 8 6 miles.
$2,750,000 yearly. $44,500,000. As part security for this mortgage are
Also owns a 1-6 Interest In the Rlobmond-Washlngton Co., controlling the pledged $27,000,000 1st M . 4s of 1900. In Dec. 1916 $24,667,000 of the
road from Richmond, Va., to Washington, D. C. (V. 73. p. 843), and under $44,671,000 Ref. M tge. bonds outstanding had been pledged under tho new
traffic agreement with the Penn. RR. maintains through car service between First & Consol. M tge., as will also all further Ref. M tge. bonds. V. 92,
N. Y ., Phlla.. Washington and the South. In Jan. 1907 the entire stock of p. 189. 1110, 1179, 1244; V. 93, p. 470, 956.
The Adjustment mortgage bonds (issue limited to $25,000,000) are
the Macon Dublin & Savannah, Macon to Vldalia. Ga., 93 tn., was acquired
entitled to cumulative Interest at 5 % . to bo payable as earned In Install
or scoured under option, the $1,529,000 5 % bonds ($1,840,000 auth. Issue)
ments of 1 K % or multiples thereof, and are redeemable at par and
being guar., prin. and Int. V. 84. p. 104. 451. Also controls the Balt
al unoald cumulative Interest on any Interest date, their lien to be immedi
Steam Packet Co. and a substantial Interest In the Old Dominion SS. Co.
Owns majority stook of Chesterfield & Lancaster R y., 38 m. V. 89, p. 43. ately subsequent to the refunding bonds. No dividends to be paid on
In July 1912 acquired all the stock of Raleigh & Charleston R R .. extend the stock until any arrearages of interest on the bonds are paid In full.— V.
93. p ..tl7 1 . 1297. 1555: V. 91. o. 1575. Interest on adjustment bonds.
ing from Lumberton, N . C., to Marlon, S. O.. 43 miles, and, through stock
2 H % Aug. 1 1910: 1911 to Feb. 1916. inclusive, 5 % yearly (F. & A .).
ownership, a 1 2 -ra. extension known as the Marlon A Southern R R .; also
Atlanta & Birmingham division 4s of 1903 ($10,000,000 authorized issue),
of the Tampa Northern RR., extending from Tampa. Fla., to Brookvlllo,
58 miles. V. 94, p. 49: V. 95, P -906. Also guarantees $750,000 bonds and see V . 76, p. 1302: V. 77. p. 647: V. 81. p. 1850.
has option on stock of Tampa & Gulf Coast R R ., oxtending from Tampa,
G U A R A N T IE S .— On June 30 1916 the company was liable as guarantor
Fla., to St. Petersburg. V. 98. p. 14*25. See Tampa Northern R R . of tho Athens Terminal Co. 1st M ., $100,000; Birmingham Term. Co. 1st
V . 97. p. 1899.
M . (Seaboard proportion, 1-6), $1,910,000; Jacksonville Term. Co. 1st M .
(Seaboard proportion, 1-3),
VO T IN G T R U ST .— The largo block of stock purchased by S. Davies M ., $1,529,000; Raleigh & $500,000; Macon Dublin & Savannah R R . 1st
Charleston R
Warfield and associates in 1912, and since that time held in a voting trust, $550,000; Richmond-Washington Co. coll, R . prior . lien & consol, mtges.,
(Seaboard proportion,
was In 1916 placed in a voting trust expiring June 12 1922, unless sooner 1-6). $10,000,000; Savannah & Statesboro trust M M ., $185,000: Tampa
R R . 1st
terminated by the trustees, but holders of v. t. c. may withdraw their stock
Northern RR. notes, $200,000; Tampa & Gulf
M ., $750,000,
from M ay 12 to June 12 1917. Any stockholder may become a party to the and Wilmington Ry. Bridge Co. (Seaboard Coast R R . 1stM ). $217,000.
proportion,
voting trust agreement. The N . Y . Stock Exchange to Jan. 29 1917 had
V. 103, p. 1682.
listed S12.987.000 com. and $9,360,900 pref. voting trust certificates.
----- M o n t h o f D e c e m b e r ---------- 6 M o n t h s to D e c . 31—
Continental Trust Co. of Baltimore is depositarv.
Trustees: S. Davies
E A N IN G S —
1916.
1915.
1916.
1915.
Warfield, Chairman, Baltimore, M d .; Samuel L. Fuller, New York; Robert GrossRoarnings_________$2,671,313 $2,278,108 $13,141,577 $11,451,878
F. Maddox, Atlanta, Ga.; Charles II. Sabin, Now York; O. Sldnoy Shepard, Net after op. exp. & tax.
915,330
760,817
3,680,958
3.093,080
New Haven, Oswego County, N . Y .; Frank A. Vanderlip, Now York;
Clarence W. Watson, Fairmont, W . Va.; George W . W atts, Durham, N . C ..
R EPO R T.— Report for 1915-16, V . 103, p. 1682.
and Albert H . Wiggin, Now York. V, 102. p. 1988.
1915-16.
1914-15.
June 30 Yrs. 1915-16.
1914-15.
$
S
$
$
M e r g e r , & c . — In 1915 the company provided for present and future re
quirements through a financial plan (see V. 101, p. 528, 1189, 1273). Involv Gross earns..24.494,789 21,781,316 Int. on fund, dt_4.206.741 3,893,730
593,901
ing: (1) Consolidation with the Carolina Atlantic & Western under tltlo of Net earnings- 8,162,243 6,493.764 Oth. int.. &c___ 685,005
Taxes, &c____ 1.179,092 1,099.849 Int. on adjustm’t
"Seaboard Air Line Ry. G o ."
(2) Extension of said Carolina Atlantic
inc. bds. (5% ) 1,250.000 1,250,000
& Westorn, then embracing 331 miles and forming the system's outlet to
Oper. Inc.- 6,983,151 5.393.915 Allotm’t of disc.
Charleston, S. O ., by the building or a line from Charleston to Savannah,
358,762
on securities__ 309,548
315,443
85 miles. In Nov. 1915 this consolidation bocamo effective, affording the Other income- 428.574
Seaboard (seo map) a direct low-grade route to Savannah through a rich
Gross In c .. 7,411,725 5,752,676
Balance____ sur.960,431df.300.398
and ferttlo soction and avoiding the necessity of double-tracking the con
gested line via Columbia. (3) Authorization of the $300,000,000 First &
D IR ECT O R S.— S. Davies Warfield (Chairman), J. W m . Middendorf
Consolidated mortgage below described.
and Townsend Scott, Baltimore; W . J. Ilarahan, Charles R. Capps and
ST O C K .— Tho aulh. capital stock is of the same amount as that of the Fergus Reid, Norfolk, Va.; Charles H . Sabin, Albert H . Wiggin, Wilson S.
Klnnoar, Samuel L. Fuller, James A . Blair, Franklin Q. Brown, L. F. Loree,
-old Seaboard Air Lino R y., viz.: $100,000,000: of this tho present issuo Is:
Walter T . Rosen, B. F. Yoakum, R . C . Ream and F. N . B. Close, N . Y .;
„
I n T r e a s . H eld by P u b .
Milton E. Ailes, Washington, D . C .; Mills B. Lane, Savannah, G a.; Robert
C o m m o n S tock (par $100).................................................$3,021,600 $37,019,400
F. Maddox, Atlanta, Ga.; J. P. Taliaferro, Jacksonville, Fla.; A. H . Wood
P r e fe r r e d S tock $27,280,000, issued [without prefer
ward, Birmingham, Ala.; W . It. Bonsai, Hamlet, N . O .; Geo. W . W atts,
ence of one part over atiothorl as follows:
N . O .; Jas. C. Colgate, Bennington, Vt.
(а) As 6 % non-cumulativo preferred....................... 2,235,803
37,303 Durham,William J. Ilarahan: Treas., It. L. Nutt: Sec., D . O, Porteous.
Pres..
(б ) As 4 -2% non-cum. prer., having same pref.
General office, Portsmouth and Norfolk. Va.: N . Y . office. 24 Broad St.
div. provisions as old Seaboard prof., 1. e.. en
— (V. 102. p. 346. 1988; V. 103, p. 62, 490, 1682, 1981. 2156.)
titled to non-cura. pref. dlvs. at 4 % p. a., and
after 4 % on the common, to an additional 2%
SHAMOKIN SUNBURY & LEWISBURG RR.— (S e e M a p R e a d in g S y s
(with right of conversion below stated).............. 1.105,900
23.894,100 t e m . ) — Shamokin to West Milton, Pa., with iron bridge over the Susque
hanna, 32.11 m.: second track, 14.82 in.; total of i ll track, 58.47 m. Leased
C o n v e r s io n R ig h t.—- T o do away with tho division of dividend right above
montlonod, the option is given to holders of all pref. stock exchanged to Phila. & Read. July 2 1883 for 999 years at 6 % on tho stock, int. on bonds
for the present outstanding pref. stock from July 1 1916 and until July 1 and taxos. Lease assumed by P. & It. Ry. Doc. 1 1896. Used for coal
1921: (1) To convert each share of tho said pref. stock Into (a) 2-3 or a traffic northward. Stock, $2,000,000 (par $50), owned by Reading
share of pref. stock entitled to 6 % straight non-cumulative dividends but Co., of which $1,995,000 Is deposited under mtge. ol 1897. The $1,000,000
calling for tho same amount of cash requirod to pay 4 % dividend on tho 1st 5s due May 1 1912 were extended at 4 % to July 1 1925 and guaranteed,
converted stock, and (ft) 1-3 of a share of common stock: or (2) to convert prin. and Int., by Reading Co., V. 94, p. 1120.— (V. 94, p.1120.)
each share of pref. stock entitled to 4 % and then 2 % dividends Into one
SHAMOKIN VALLEY & POTTSVILLE RR.— (.See M a p s P a . R R . ) — Sunshare of prof, stock limited to 5 % non-curaulatlve dividends, thus giving up
bury. Pa., to Mt. Carmel, Pa., and b/anches, 40 miles. Leased Feb. 27 1863
one-half the present right to 2 % additional dividend. V . 101, p. 1273.
for 999 years to Northern Central Ry. Co., with a guaranty of taxes. Interest
on bonds and 6 % on stock, of which N . C . owns $619,650, The lease
N e w M o r t g a g e . — Tho now First and Consol. Mtge. to the Guaranty Trust
<3o. of N . Y ., as trustee secures an auth. issue of $300,000,000 bonds, of assumed In 1914 by the Penn. RR. Co.— (V. 97, p. 1735.)
RAILWAY STOCKS AND BONDS
F e b ., 1917.]
121
CLEVELAND I
Lock Have
N /N
V
S Y
A]
, Jersej
"Nevj'a
Altoona--<Tyrone
f Lima/
Allegheny
rrrsBURG
p vT
^
Urbail
W IL A D E L P H L
1
__________ ^ .m ^ n iiig to n l
/
'
‘
‘
!
w i
"
'
"OHIO
B .'-'fA
Ponrlero's
Weston;
PorJsnTouthl GalllP H
O|
$
P a r is____
y\
/
Winchester
,
N
7
l %
«
s
|
1 1 %
, JfT
/
D'
/ A t H /
/ /
N
lyetteville
I
!
KiastoiT
Newberr
lington
.J R
c i-
f /O h ^ L / I
"onAN^EBURQ ^ L a n e s
J R A N C H Y lL L E
JPregnalli
A
A
,.s"
>
1 Lyons
. A
IJ
%
0'
V
^BRUNSWICK
*
rnandlna
. ,
\/
JWA.I:
C
3v.
Live (
\ St. Marks.
O F
T H E
S O U T H E R N RAILW AY CO.
SYSTEM.
Sanford 1
iSouthern Railway-owned or leased
Operated separately-M ajority Stock Owned.
: Other lines in which the Southern Railway is interested^
, Principal Connections.
: Double Track
*
"
122
RAILWAY STOCKS AND BONDS
R A IL R O A D
C O M P A N IE S
IF o r a b b r e v ia tio n s , & c „ s e e n o te s o n f ir s t p a g e .]
M ile s
R oad
Seaboard Air Line Ry (C o n c l )—
Raleigh & Augusta Air Line IstM ________________ z
107
Georgia & Ala 1st M cons $6,185,000 gold.BBa.xc*
400
Ga & Ala Term Co 1st M callable at 110 guar p & 1,x
Georgia Carolina & North 1st M gold guar.MeBa.zc*
268
R & G first mortgage $1,500,000 gold------AleBa.zc
81
S & R first mortgage $2,500,000_____ AleBa.zc*&r
32
Sham Sunb & Lewisb— IstM gu p&l ext 1912kvc*&r
32
Second mortgage gold..... ..................... ............ ........ kvc
40
Shamokin Valley & Pottsville— Stock guar by Nor Cen
Shannon-Arizona— 1st M red conv (V 8 8 , p 1626)— x
33
Sharon— Stock ($1,600,000) 6 % guar by rental____F
Sharon first mtge gold (Sharon toPymat, &c) -_F.x
16
New Castle & Shen.V.— First M extended Int guar.x
17
Shreveport Bridge & Terminal— See St Louis Southwe stern
77
Sierra Railway (of California)— First mortgage gold.z
Second mortgage $860,000 gold................................. z
77
Yosemlte Short Line 1st M $875,000 gold g u a r _ z
_
Silver Spring Ocala & Gulf— See Atlantic Coast Line RR
5
Skaneateles RR— First mortgage $100,000 gold-.Usm
1st Refunding M $ 1 0 0 ,0 0 0 .. . ___________________
5
Somerset Railway— See Maine Central RR
South Carolina & Ga— See Southern Ry Carolina Div.
D a te
B onds
Par
V a lu e
A m oun t
O u ts ta n d in g
R a te
%
1889
1887
$ 1 ,0 0 0 ,0 0 0
6,085,000
1 .0 0 0 ,0 0 0
1 ,0 0 0
5,360.000
1 ,0 0 0
1 , 2 0 0 ,0 0 0
1 ,0 0 0
2,500,000
1 ,0 0 0
1 , 0 0 0 ,0 0 0
1 ,0 0 0
1 ,0 0 0 ,0 0 0
50
869,450
1 ,0 0 0
a569,000
50
1,005,300
1 ,0 0 0
164,000
1 ,0 0 0
250,000
1897
1904
1905
1 ,0 0 0
1 ,0 0 0
100
1,239,000
633.000
See text
1898
1908
1 .0 0 0
1 ,0 0 0
55.000
6
2 0 ,0 0 0
5
__
1909
6
1 ,0 0 0
5
5
5
5
5
4
W h en
P a y a b le
J
J
J
J
J
J
M
J
6 g
F
6
M
6
M
6
4« gJ
4>* g J
g
g
g
g
SIERRA R AILW AY (OF CALIFORNIA).— Owns road from Oakdale
In Stanislaus County, Cal., to Tuolumne, Tuolumne County,56.5 m .; James
town to Angels, 19.3 m.; total, 75.8 m .; yard, &c., track, 8 . 6 m.
Stock authorized, $5,000,000; Issued, $3,248,000. Of the $860,000 5 %
40-year bonds, $227,000 are reserved for future requirements. V . 79, p. 270.
E A R N IN G S .— 6 m o s ... (1915-16............. Gross, $222,777; net. $113,237
July 1 to Dec. 31____ (1914-15..............Gross. 179,771; net.
80,173
For year ending June 30 1916, gross $360,862: not. $182,136; int., taxes,
& c., $163,968; bal., $20,863. X
’res., R . II. Sowner; Sec. & Treas., J. T .
Bullock Jamestown. Cal.— (V. 92, p. 643, 957; V. 100, p. 1438.)
SOUTH CAROLINA PACIFIC R Y .— North Carolina State lino toBonnettsvllle, S. O ., 10.58 miles
Common stock. $100,000. $82,200 being
owned by Atlantic Coast Line R R ., which leases the road for a term of
years from J an.l 1915 at a rental sufficient to pay 6 % yearly on $104,600
cum. prof, stock and dividends on the $ 1 0 0 ,0 0 0 common stock as follows:
3 % for 3 years ending Jan. 31 1918; 4 % for 4 years ending Jan. 1 1922, and
5 % thereafter to end of lease. The pref. stock is convertible with all ac
cumulated dividends, at option of holder at par into any bonds that may be
issued and would rank ahead of the pref. stock either as to prin. or divs.
V. 99. p. 1675; V. 100, p. 142.— (V. 100, p.142.)
SOUTH GEORGIA RY.— Adel to Greenville, Fla., 51 miles; leases West
Coast Ity., Greenville to Hampton Springs, 31 ra.; total, 82 miles. Stock,
58.000. V. 83, o 1172. Dividends paid in 1908-09. 2 0 % : in 1909-10
f 0 % ; in 19 1 0 -11 .2 5 % : in 1911-12. 3 5 % : In 1912-13. 4 5 % ; in 1913-14, 60 % ;
In 1914-15, 6 0 % . Six months ended Dec. 31 1916, gross, $112,704; not,
$34,350; int., rentals, &c.. $20,054; divs. (3 0 % ), $17,400; bal., def., $2,767.
In 1914-15, gross, $189,086; net, $44,637. Pres., J. W . Oglesby.— (V. 83,
p. 1172.)
SOUTH PACIFIC COAST R Y.— Elmhurst to Santa Cruz, with branches
total, 97 miles; ferry, 3 m. Leased for 55 years from July l 1887 to South
ern Paciflo Co., which guarantees the bonds and owns all the $6,000,000
stock. Year 1914-15, gross, $1,427,553; net, $322,853; surplus over
charges, $23,117.
SOUTHERN ILLINOIS & MISSOURI BRIDGE C O — Owns bridge (and
4.64 miles of track) across Mississippi River at Thebes, 111. Stock, $50,000,
all outstanding, equally owned by the St. Louis Iron Mountain & Southern,
St. Louis Southwestern, Illinois Central, Chicago & Eastern 111. and Mo.
Pacific, all of which, except the last named, have a 50-year contract dated
Nov. 1 1901 for use of the bridge, under which they agree to meet all charges.
SOUTHERN PACIFIC COMPANY.— (See M a p p a g e 122.)— This com
pany owns only 422 m. in fee (operated as part of controlled lines), but,
principally through ownership of stock, it controls a great system of roads
extending from San Francisco to New Orleans (thence by company's steam
ers to N . Y .. &c.) and to Portland, Ore., to Ogden, Utah, with branches.
System comprises the following, mostly described under their own titles:
(1) C o n tr o lle d ; a ls o lea se d .
M il e s .
C o n tr o lle d a s a b o v e (C o n c l .)— M i l e s .
Central Paciflo Ry (see below) .2,268 Houston & Shreveport R R ____
41
South Pacific Coast R y......... ...... 107 Houston E. & W . Texas R y___ 191
Southern Paciflo R R ___________ 3.490 Other (net)__________________
28
Oregon & California R R ________ 1.101 (3) C o n tr o lle d b y M o r g a n 's L a . & T e x .
16
(2) C o n tr o lle d b y S o . P a c . C o . — O p Iberia & Vermillion R R _______
e r a ted b y C o s . o w n in g th e m .
Total in system June 30 ’ 16.10,956
Arizona Eastern (V . 90. p.448) 378 Steamship Lines_____________ 4,590
Gaiv. Harrisb. & San Ant. R y. 1,361
O th er P r o p r i e ta r y C o m p a n ie s —
Houston & Texas Central R R .. 895
(x Jointly controlled.)
Louisiana Western R R _________ 208 Southern Pao. RR. of Mexico..1,242
Morgan’s La. & Tex. RR.& SS. 400 Northwestern Pacific R R ____ x507
Texas & New Orleans R R ___________ 468
Sunset Railway (>^)__________
x62
Lake Charles & No. R y________
72 Electric lines_________________
780
PR OPR IETARY LINES.— These, with a total mtge. Indebtedness June
30 1916 of $454,010,512, are controlled through stock ownership, only
$83,200 out of their total capital stock of $343,885,600 not being held on
July 1 1916 by the Southern Pacific Co., along with $100,561,112 of their
funded debt. “ Omnibus lease,” seo issue of Jan. 1899. Securities ownod
June 30 1914, V. 99. p. 1461; V. 96. p. 570, 571.
O R G A N IZA T IO N .— Organized under laws of Kentucky.
Tho U . S. Supreme Court having held In Dec. 1912 that tho ownership
of $126,650,000 Southern Pacific Co. stock by the Union Pacific R R . was
Illegal, $38,292,400 of the Southern Pacific Co. stock was In July 1913
exchanged for tho holdings of the Pennsylvania RR. system In Baltimore &
Ohio stock ($21,273,600 each of com. and prof.), per modified plan V. 97,
p. 50, the Union Pacific Co. disposing of certificates of Interest In the re
maining $88,357,600 So. Pac. stock owned by It, exchangeable for the stock
on certain conditions. V. 97, p. 445. 667. See Union Pacific RR. The
Pennsylvania RR. owned on Jan. 1 1916 $17,143,800 and Pennsylvania Co.
$12,741,290 stock.
In Feb. 1914 suit was brought by the Govt, to compel the company to
dispose of its holdings in Centra) Pacific. V. 98. p. 524: V. 97. p. 1116;
V . 99, p. 1461. As to Union Pacific decision In 1912, see V. 97, p. 445, 667.
Oil land decision, V. 98, p. 1994; V. 99, p. 1461; V. 100, p. 399, 734, 2011;
V,. 103, p. 1221. Land grant suit, see Ore. & Cal., and V. 103, p. 1222.
On Deo. 27 1911 the So. Pao. RR. sold to the Cal. Arizona & Santa Fe Ry.
that portion of its road from Needles to Mojave in California, 242.51 miles,
which prior to the date of sale was leased to the Atch. Top. & Santa Fe Ity.
&
&
&
&
&
&
&
&
&
&
&
&
J Jan
J Oct
1) Deo
1
1
1
1
1
1
1
1
J July
J Jan
J July
N July
J July
A Feb 6
N Nov 1
S Mar 5
D June 1
J Jan 1
F
F
104.
P la c e s W h e r e I n t e r e s t a n d
D iv id e n d s a r e P a y a b l e
1926
Balt Trust & Guar Oc.
1945
24 Broad St. New York
1948
do
do
1929
24 Broad St, N Y ; & Balt
1947
do
do
1926
24 Broad St, New York
1925
Reading Terminal, Phlla
1925
do
do
1917 3% Broad St Station, Phlla
1919
Boston Safe Dep & Tr Go
1917 3 % Sharon, Pa
1919
Farmers L & Tr Co, N Y
1937
do
do
A 12 & O Apr 121937
g
M 15 & S Sept 15 1944
5 g
4 « g M & S Sept 1 1945
11
J
100
6
104,600
South Carolina W estern— See Seaboard Air L in e ..
1 ,0 0 0
82 1903
204.000
J
South Georgia— Mortgage $250,000 gold...................... z
5 g
1 .0 0 0
South Pacific Coast— 1st M gold gu (s f 1912) ...F .z c
97 1887
4.506,000
J
4 g
South & North Alabama— See Louisville & Nashvill e.
1 .0 0 0
Southern Illinois & Alo Br— 1st M $3,000,000 g.BaJtc*
4.64 1901
3.000.000
4 g
M
Southern Indiana— See Chlo Terre H & Southeastern
a Of this $4 6 6 , 0 0 0 w as
Old leans exciudtng(*)amounts pledged under conso Udate d mort gage
SHARON RY.— Owns from Newcastle, Pa., via Sharon, to Pymatunlng,
Pa., with branches, 32.75 miles. Leased to Erie RR. for 900 years from
Dec. 1 1900 for taxes, interest and 6 % on stock, &c. Tho new O. & S. V.
6 % bonds duo Jan. 1 1917 wore extended for 20 years at 4>$% int.— (V.
103, p. 2343.)
&
L a s t D iv id e n d
a n d M a tu r ity
6
1886
1895
1898
1889
1897
1886
1882
1890
$ 1 ,0 0 0
[V o l
Crocker National Bank
do
do
do
do
&
&
A Aug 1 1918
A Aug 1 1937
&
&
J Jan 1 1923
J July 1 1937
New York & Quitman,G»
So Pao, 165 B’ way. N Y
&
N Nov 11951
Bankers Trust Co, N Y
U S Mtge & Tr Co. N Y
do
do
J Julyl 1916, 3 % Wilmington, N O
owned byShanno n Co pper Co. In Jan 1917
until Sept. 1 1979. Simultaneously the So. Pao. RR. purchased from the
Atch. Top. & Santa Fe Ry. all of the outstanding stocks and bonds of the
New Mexico & Arizona RR . and of the Sonora Ry., the properties of which
were leased to the Sou. Pac. Co. to Sept. 1 1979. V. 90. p. 580.
In Jan. 11917 agreed to tako part in building and then to operato tho San
Diego & Arizona Ry. (V. 104, p. 74), San Diego to Yuma, C al., 220 miles.
V . 104, p. 74.
On July 1 1915 the properties of tho following companies wore purchased .
the stocks of which were owned: Coos Bay Roseburg & Eastern UR. & Nav.
C o., Corvallis & Eastern RR . (V. 99, p. 1528), Pacific Ry. & Nav. Co. (V
94, p. 124), Portland Eugene & Eastern Ry. (V. 95, p. 1404), Salem Falls
City & Wost. Ry. and Willamotto Pac. Ity. V. 100, p. 142; V. 102. p. 2078.
These roads are operated as part of the Oregon & California RR.
Southern Pacific RR . of Mexico, incorporated 1909 with $75,000,000'
stock (all owned June 30 1916 by Southorn Pacific C o .), took over the 1,507
miles covered by Mexican concessions, extending from Empalme to Guada
lajara, 815 miles, with branch linos 692 miles, of which 1,242 miles had boon
completed June 30 1916. In Dec. 1910 obtained additional concession'
from Guadalajara to Mexico City. V. 83, p. 1536; V. 84. p. 1141; V. 8 6 ,
p. 350; V. 87, p. 414: V. 8 8 , p. 303. 1622; V. 91, p. 1645, 1770. Tho prin
cipal of the company’s advances to Southern Pacific RR. of Mexico to June
30 1916 amounted to $40,048,951. Northwestern Pacific ItR. (jointly
owned with Atchison), see that company, V. 84, p. 103.
EL ECT R IC R A IL W A Y S .— The electric roads controlled Include (a)
Pacific Electric Ity., 612 miles of electric interurban road radiating from
Los Angeles; (b) Peninsular R y.. serving San Jose. Santa Clara. &e., 64 m.
(c) San Joso Railroads, 28 m .; (d) Stockton Electric Co., 9 m .; Visalia Elec,
trie R R ., 36 m ., and (e) Fresno Traction C o., 27 m. Soo "E lec. Ry. Soc.’ ,
D IVIDENDS.—
\Oct. ’06-Apr. ’07. J u ly ’07. Oct. '07 to April ’ 17
(Common stock)------ / 5 % yrly. (2M s.-a.) 1 1 4 %
6 % yrly. (1 H quar.)
BONDS.— Tho 4 % collateral trust gold bonds of 1899 are limited to
$36,819,000 and are subject to call at par on 6 months' notice. Tho $34,
218,500 outstanding June 30 1916 woro secured by $67,274,200 common'
and $17,400,000 pref. stocks of the Cent. Pac. Ry. Co. Seo mtge. abstract,
V. 69. p. 859.
Central Pac. first rof. 4s and 30-year gold 3}tfs aro guar, (see that co.
as to replacement of French by dollar bonds).
In March 1909 the stockholders subscribed for $81,814,000 of 4 % 20-year
bonds at 96, convertible to June 1 1919 into common stock at 130 at option
of holder and red. at 105. V . 8 8 , p. 607, 1062; V. 89. p. 44, 105.
On June 8 1909 the directors authorized an issue of not exceeding $100,
0 0 0 ,0 0 0 4 1 4 % 2 0 -year gold bonds for "corporate purposes” ; under option
then given $227,000 was exchanged, along with $20 per share in cash, for
$227,000 pref. stock; no others issued. V. 8 8 . p. 1501; V. 89, p. 1420.
"San Francisco Terminal” bonds ($50,000,000 auth.; int. rate 5 % or less)
oover Bay Shore line and terminals; $24,965,700 4s outstanding, $34,300 can
celed. V. 90, p. 373, 448, 1555, 1615, 1678; V. 91. p. 1631; V. 92, p. 1180.
The stockholders on April 8 1914 authorized an increase In the com
mon stock by $ 2 0 ,0 0 0 ,0 0 0 , which, together with stock then authorized but
unissued, was sot aside to provide for an issue of $54,534,000 5 % 20-yoar
convortiblo bonds, then sold at par. These bonds aro convertible at option
of holder at any time on or before Juno 1 1924 into full-paid stock at par and
subject to call (as a whole only) on or after Juno 1 1919 at 105 on 90 days'
notico. If called, they may be converted up to 30 days prior to call date.
V. 98, p. 524, 1394, 1539, 1921; V. 99, p. 199.
F IN A N C E S .— On June 30 1916 the company hold unpledged $167,876,
306 bonds and $262,088,649 stocks of various companies, and Its assots
as shown by balance sheot exceeded its liabilities by $117,251,288. In
Feb. 1911 250,000,000 francs 4 % 35-year collat. bonds of Central Pacific
wore sold, guaranteed by tho Southern Pacific, which plodgod as security
for its guaranty $83,985,800 (face value) of its holdings In proprietary com
panies (notably the Sou. Pac. R R .), tho rovenuo from which for the year
1913-14 was $2,316,140. V. 92, p. 596.
In 1915-16 the Southern Pacific Co. purchased 116,835,500 francs of tho
French francs bonds, equivalent to $22,555,093. V. 103, p. 1222.
In 1913 sold $12,130,000 414 % equipment trusts. V. 96. p. 1425: V. 97.
p. 597. 730 and Nov. 1914 sold $1,170,000. V . 99, p. 1599, 1675. In
1915 arranged to sell $5,110,000 equipment trusts. V. 102, p. 1812.
E A R N IN G S .— 6 mos. J 1916......... Gross, $66,886,337; net, $22,418,737
July 1 to Dec. 31.
(1915......... Gross, 01,347,347; net, 22,690,998Compare official statement in Jan. 1917. V. 104, p. 362.
REPO RT.— Report for year 1915-16 In V. 103, p. 1206, 1217, 1163:
Years e n d in g J u n e 30—
1915-16.
1914-15.
1913-14.
Average miles (Inch non-propriotary)
10,956
10,554.24
10,421.65
$
$
$
Transportation operations____________152,694,228 129,865,675 138.520,259'
Operating expenses and taxes________ 104,504,257 94,176,061 100,824,892
Net revenues______________________ 48,189,971
Sinking fund for redemption of bonds
653,788
Income from securities, &c__________ 9,818,438
Miscellaneous rentals, &e___________
1,730,809
35,689,614
678,551
10,885,776
2,394,051
37.695.367
556.873
13,416,254
1,911,783
Total net income_____ _____________ 60,393,006
Interest on funded debt. &c__________ 24,962,069
Sinking fund............................................
934,838
Hire of equipment___________________
405,600
Rental for lease of road, &c__________ 2,303,472
Miscellaneous_______________________
188,475
Miscellaneous taxes_________________
1,280,391
Amortization of discount____________
225,343
Maint. of investment organization___
142,411
49,647,992
25,462,422
939,725
120,851
1,932,952
232,538
965,387
237,541
125,981
53,580,277
27,961,976
805,702
177,822
1,816,281
1,092,284
609,458
505,477
159,057
Surplus over all disbursements______ 29,950,416
Dividends on common stock (6 % ) ___ 16,360,632
19,630,594
16.360,464
20,452,216.
16,360,344
ffO
CO
Q
55
O
«
Q
£
CO
M
u
8
co
g
HH
<1
Ph
p
£
124
RAILWAY STOCKS AND BONDS
R A IL R O A D
C O M P A N IE S
[For a b b r e v ia tio n s , & c . , s e e n o te s o n fir s t p a g e . J
M ile s
R oad
Southern Pacific Co—Stock (J 3 9 4.451.800a u th .)-..
Ooll trust mtge gold subject to call par__Un.xo*&r
Conv bonds $82,000,000 gold redeem text..xo*& r*
___
Gold bds $100,000,000 red 105 since July ’ 12 - - G . x
S . Fr.Term. 1st M . g red 105 since •lSUsmxo'&r*
„ .. _
Oonv bonds S55,000.000 g red text..........y c*&r*
Eq tr Ser A $1,012,000 yly red 10214 beg 1918-xc*
do Ser B *201,000 yly red 10214 beg 1918-xc*
do SerO
*117,000 yly red 10214 beg 1919____
___
do Ser D *5,110,000 yrly red 102)4 beg 1 9 2 1 --___
Southern Pacific RR— Stock $160,000,000 authorized
So Pac Br 1st M gold 3 t $50,000 1897 not drawn - .z
240
First Consol mtgeguar gold s f not drawn.Ce.xo*&r 1,685
Northern Ry (Cal) cons(now 1st) M gold. Un,zo*&r
377
Northern California first mortgage gold..............__z
54
First Ref M g g u red 105 since 1910......... Eq.xc*&r* 3,109
' _;
Southern Railway— Common stock $120,000.000____
Preferred 6 % non-cumulatlve $60,000,000................
M & O stock trust certificates...................................._x
- -R ef & Impt Mtgo *500,000,000’gold Series A ____ x
O ld S o u th e r n R a ilw a y I s s u e s —
First Cons M 1st on 900 m g($120,000.000)Ce.xo*&r 4,943
Development & Gen M ($200,000,000) g — Q.xo*&r Text
Collateral notes_____________________________________
--Monon JointM red 105 since 1907half share a.xo*&r
. -Equip tr series X. g due $300,000 F & A.F P.xo*
. -Series M gold due $70,000 J & D _______________x
Series N gold due $260,000 A & O ............... PePx
Series O gold due $75,000 M & N ........................... x
- -Series P gold due $75,000 J fe D ........................... x
Series Q gold due $75,000 J fe D ................ ...P e P x
Series R gold duo $88,000 F & A __________Pe.Px
Series 8 gold due *215.000 A & O..................PePv
Series T gold due *235,000 M & N ................... PeP
Series U gold duo *255,000 M & N 15_______ PeP
--A— P r o p e r t i e s M e r g e d i n S o u th e r n R a il w a y C o .
Georgia Pacific first mortgage______________Ce.zc*
566
Rlobm& Danv deb M .old6s(no longer Incomes)Cez
Virginia Mid— Mtges D due 1921; E , '26; F . ’3 1 ._z
General mortgage.................
Cez
403
Also additional amounts In treasury June 30 1916:
...
___
__
_
D a te
B on ds
Par
V a lu e
R a te
W h en
P a y a b le
%
*100 *272822900 6 in 1916
1899
500 &c 34.218,500
4g
1909 1,000 &c 81.151,910
4 g
1909
1.000
227,000
4)4 g
1910
100 &c 24,965,700
4g
1914
600 &c 54,526,000
6g
1913
$1,000
7,084.000
4)4
1913
1.000
1,608,000
4)4
1914
1,000
444
936,000
1916
1,000
(?)
4)4
100 160,000,000 See text
1887
3,533,000
6 g
1893
500 &c
4,127,500
6 g
1888
1,000
4,751,000
6 g
1889
1.000
1.074.000
5 g
1905
600 fe e 143,873,000
4g
100 120,000,000
-100 60.000,000 See text
____
100
4
5,650.200
1917
1882
1882
1881
1886
b
M
Q— J
A
A
A
&
fe
&
&
J & J
A fe O
M fe S
M fe N
pledged
BONDS.— C o n s o lid a te d M o r tg a g e of 1894 abstract was n V . 57, p. 104.
The first refunding 4s of 1905 ($160,000,000 auth. Issue) will eventually
be a first lien. Guaranty, V . 82, p. 49. The mortgage is a lien subjoct to
existing mortgages on the entire owned mileage, which on June 30 1915
consisted of 3,109 miles. It Is a first lien of 2,438 miles, save Hen of consol.
5s of 1893 at less than *1.700 per mile (V. 87. p. 1012). V. 88, p. 159
V . 89. p. 164; V. 98, p. 264. In Jan. 1916. *15.985,500 unissued, viz.:
Issuable to refund a like amount of prior lien bonds.. ______ $13,485,500
Issuable to aid in refunding purposes_________________
______
2,500.000
The Southern Pacific Co. owns *6,420,500 of the bonds. In June
1915 received authority to issue *909,500 1st Ref. M . bonds to provide for
expenditures for add’ns & betterm’ts amounting to *800,557, for the 6 mos.
ending Dec. 31 1914, and *21,000 account underlying bonds retired.
REPOR T.— For year ending June 30 1916, earnings were; Gross, $57,
429,925; net, *20,767,386; paid by Sou. Pac. Co. to lessor company,
*17,025,748; other incomo, $2,457,691; deductions, *6,670,239; dividends
(6 % ), $9,600,000; surplus, $3,213,200. In 1914-15, gross, *48,136.866:
net. *15.931,015.— (V. 102, p. 346, 1061; V . 103, p. 1211.)
SOUTHERN R A IL W A Y COMPANY.— (See M a p , p a g e s 120 a n d 121.)—
Company operates 7,032 m., extending from Washington, D. C., and West
Point and Richmond, Va., to Danville, Va., Greensboro, N. C., Norfolk,
Va., Charlotte, N . C., Columbia, S. C., and Atlanta, Ga., thence northerly
to Bristol, Tenn., southeasterly to the coast at Brunswick, Ga., and westerly
aoross the States of Alabama and to Columbus, Miss.
O w n ed i n fe e —
M i l e s . L e a s e d (*see this co.)—
M ile s .
Alexandria (near Washington)
•North Carolina R R .—
to Greensboro, N. C_________ 279
Goldsb.,N. C., to Greensboro,
Charlotte, N. C., to Augusta,Ga 190
Charlotte, &o_______________ 226
Columbia,S.Co.,toGreenv.,S.C.. 144 Atlantic & Danville R y.—
West Point, Va., to Neapolls.. 179
Norfolk to Danv., Va.. & b r. 278
Salisbury, N. C., to Morristown,
•Virginia & S. W ......................... 189
Tenn ............................
231
Memphis to Stevenson, Ala____ 272
C o n tr o lle d b y S e c u r itie s —
Bristol to Chattanooga, T e n n .. 242 State University R R ___________
10
Coster to Cumberland Gap, K y .
64 North Carolina Midland..............
54
Ooltewah Jet., Tenn., to Bruns
Roswell R R ....................................
13
wick, Ga_____________________ 412 Other roads......... .......................... 109
Austell, Ga., to Miss.State line. 261
T r a c k a g e R ig h ts —
Atlanta Jet., Ga., to York, Ala. 27l Hardeev’e, S. C., to Savan., Ga.
17
Atlanta, Ga., to Ft. Valley, Ga. 102 Washington, D. C., to Alex.,Va.
9
E .S t . L ., 111., to N. Alb., I n d .. 265 Stevenson,Ala.,to Chattanooga,
Branches, &o___________________1,347
Tenn., f e e ____________________
38
York, Ala., to Meridian, M iss..
27
Total owned................................4,259 Kentucky & Indiana Term. RR.
8
Selma, N.C., to Pinnert, Pt., Va. 154
L e a s e d — (’ see this co.)—
Savannah,Ga.,to Jacksonn, Fla. 152
•Atlanta & Charlotte Air Line,
O ther.........................................
112
Chari., N C., to Armour, Ga. 263
•Georgia Midland R y__________
98
Total mileage oper. Jan. 19177,032
•Mobile & Birmingham R R .—
Mobile, Ala., to Marlon J o t.. 150
C o n tr o lle d — o p e r a te d s e p a r a te ly —
•Southern R y., Car. Div.—
Mobile & Ohio (see this co.)___ 1,122
Charleston, S. C., to Augusta,
Augusta Southern (see this co.). . 83
Ga., with branches to Co
Southern Ry. Co. in Misslssippl.237
lumbia. S. C., &c_________ 252 Blue Ridgo....... ...................................44
Camden,S.C.,to Marlon,N.C. 171 Tallulah Falls...................................... 58
/x d u c y .. 1 1 . C., to m o iu u , o . C. l O i Danville & Western_______________ 83
Ashev.. N. c . , t u Alston, S. u. 134
Other branches______________ 201 Hartwell R y _____________________ 10
•Richmond & Mecklenburg R R .
31 Atlantic & Yadkin............................163
Lockhart RR. (14 miles), & o ...
25 Yadkin R R . (52 m .) . &c................ 41
51 H . P. R. A . & So. R R ................... 2 8
Blberton Southern R y . . ............
Leased for 50 years from July 1 1912. Bluemont branch. 54 m .. to Wash.ic
Old Dominion Ry. Water lines— Chesapeake S3. C o., 200 miles.
Also nas one-sixth Interest In Rlchmond-Washlngton Co., owning ,jne
between Richmond and Washington, 115 miles. V. 75, p. 449
Has trackage rights over Atlantic Coast Line R R . between Savannah,
Jesup, Ga. and Jacksonville, Fla.. 152 miles.
A f f i l i a t e d b u t O p e r a te d S e p a r a te ly — (S e e e a c h c o m p a n y ).
Alabama Great Southern,........... 3 121 Northern Alabama......................... 113
Cincinnati N. O. & Texas Pacific.337 Georgia Southern * Florida.........402
M o b ile * Ohio................ ...............l,122|Now Orleans & Northeastern____ 196
In Jan. 1917 the lines of the Southern Ry. C o., Cine. New Orl. & Tex.
Pac. Ry. Co., Ala. Great South. R R . Co., Now Orl. & Northeastern RIt.
Co. and Northern Ala. R y. Co. were grouped for purposes of administration
Into (1) L i n e s L a s t , made up of those portions of the system east and north
of the old E. T . V.. & G . lino from Chattanooga to Brunswick. (2) L i n e s
W e s t , made up of the other lines of Southern R y. Co., and including the
O. N . O. & T . P. R y., A. G. S. R R ., N . O. & N . E. R lt. and Northern
Alabama Ry. V. 104, p. 257.
Checks mailed
165 Broadway. New York
do
do
do
do
New York, London, 0s
N Y office and Phlla
do
do
do
do
do
do
So Pao, 165 B’way, N Y
do
do
do
do
do
do
do
do
O Oct 1914 2 %
J P Morgan & Co, N Y
O Apr 1 1916 2 %
do
do
New York
11999
1.000
5.660,000
6g
1.000
5
3,368.000
100 fe e
4,034,000
5
too &c 4,859.000
5
$13,207. 000and*16. 667.000
SOUTHERN PACIFIC RR.— (S e e M a p s . ) — About 3,514 m ., embracing
a through line from east bank of Rio Grande River through New Mexico ana
Arizona, via Los Angeles, San Francisco and Oakland, to Tehama, In No
California, with branches. Of lines owned, 24 m. are leased toother roads.
STOCK.— Sou. Pac. C o . June 30 1916 held all the $160,000,000 stock.
Divs.: 4 % in 1906-07; 1 3 % , 1907-08; 5 % , 1908-09; 6 % from 1909-10 to
June 1914, incl.; 5 % 1914-15; 6 % 1915-16.
P la c e s W h e r e I n te r e s t a n d
D iv i d e n d s a r e P a y a b l e .
& o Oct
J & J
A & o
M & 82
J fa J
g F fe A
J fe D
g A fe O
g M fe N
gJ & D
gJ & D
F &A15
A & O
g M & N
M &N15
SOUTHERN PACIFIC COM PANY (C o n c lu d e d )—
L a s t D iv i d e n d
a n d M a tu r ity
Apr 2 1917 1 M
D Aug 11949
S June 1 1929
J & J July 1 1929
A
& O Apr 1 1950
J & D June 11934
M & S Mch 1 ’ 18 to ’23
M & 8 Sept 1 '17 to '23
J & D Dec 1 '17 to '24
M & N To M ay 1 , 1926
See text 6 % in 1915-16
A
& O Apr 1 1937
M fe N Nov 1 1937
fa O Oct 1 1938
A
,T & D June 1 1929
J
fa
J Jan 1 1955
J
6 g
4g
6
4 g
4M
414
414
414
414
414
5g
5g
414
414
1894 1,000 &c 71,809,000
1906 1,000 &c See text
1914
1,000 10,000,000
1902 1,000 &c
5,913,500
1906
1,000
2.400,000
1909
1,000
350,000
1910
1,000
1,820,000
1911
1,000
675,000
1911
1,000
750,000
1912
1,000
825.000
1913
1,000
1,144,000
1.000
1914
3.225,000
1916
1,000
4,465,000
1916
1,000
5,100,000
D IR E C T O R S.— Julius Kruttschnitt, James N , Jarvle. E . P. Swenson,
J. Horace Harding, 'Walter P. Bliss, F. D . Underwood, H . \V. do Forest,
Robert Goelet, D E. Huntington, L. J. Spence, Ogden Mills, L . F . Loreo,
E . S. Harkness, W m . Sproule and W . B. Scott.
Chairman Exec. Comm., Julius Kruttschnitt; Pres., William Sproule.—
(V. 102, p. 1812, 2167; V . 103, p. 1033, 1206, 1217, 2239; V . 104. p. 362.)
A m oun t
O u ts ta n d in g
[V o l . 104,
do
do
July 11994
do
do
Apr 11956
do
do
Mch 2 1917
do
July 1 1952
do
To Feb 1 1921 Fidelity Trust Co, Phlla
To June 1 1919 Girard Trust Co. Phila
To Apr 1 1920 Penn Co for Ins on L . &o
do
do
To May 1 1921
do
do
To Deo 1 1921
do
do
To June 1 1922
do
do
To Aug 15 1923
do
do
To April 1 1924
do
To M ay 1 1926
do
M ay 15 ’ 17to’26
Jan 1 1922
Apr 1 1927
Mar'21, '26&'31
May 1 1936
under 3-year col
J P Morgan & Co. N Y
do
do
Safe Dep & Tr Co, Balt
J P Morgan & Co, N V
lateral 5 % notes of 1914,
O R G AN IZAT IO N .— Organ.1894. V . 5 8 ,p . 3 6 3 ,3 8 5 .0 5 8 ,8 7 4 ,1 0 1 6 .1 0 5 8 .
In 1903-04 Jointly with Louisville & Nashville acquired $13,680,300 of
the $15,500,000 Chicago Indianapolis fe Louisville stock lu exchange for
their Joint 50-year 4 % bonds. V. 74, p. 1029, 1090.
In 1916 purchased most of stock and bonds of N . O, & Northeastern R R .,
which see; also V. 104, p. 74.
ST O C K .— Authorized *120,000,000 c o m . and $60,000,000 5 % n o n - c u m .
p r e f . s to c k .
As to whether the prof. Is callable, see V. 72, p. 1136.
DIVS. ( % ) V 9 9 .’0 0 .’0 1 .’02to ’06. ’07. ’08-’ 10. ’ l l . ’ 12. ’ 13. 1914 1915-16.
On pref___/ 2
3 4
5 y’ly 4
0
2 4>4 5 Below
nono
In April 1914. 2 )4 % cash; Oct., 2 % , payable In 5-yoar 4 % Interest
bearing scrip. V . 99. p. 1053, 749. No div. paid In 1915-16. V. 103, p.
1413. V . 100, p, 902. 643. 982.
BO N D S.— In Oct. 1916 financial conditions having for a considerable
period prevented proper financing by moans of the 4 % Development &
Gen. Mtgo. bonds of 1906 (V. 82, p. 397; V. 86, p. 1468; V. 88. p. 626,
1622), the company presented a plan (V. 103, p. 1593, 2079) for tho immedi
ate closing of that issue and tho retirement of tho *61,333,000 of these
bonds In tne hands of the public by voluntary exchange for now 444% Ref.
& Impt. Mtgo. bonds. Assonting bonds are deposited with tho Bankers
Trust C o., N . Y .
The now Refunding & Impt. Mtgo. bonds aro never to oxceod $500,000,
000, and are to be issued in lettered series, bearing interest at such rates,
and maturing on such dates not later than Oct. 1 1999 as shall bo fixed by
the board with respect to each series.
A p p r o x i m a t e P u r p o s e s f o r w h ic h th e $500,000,000 B o n d s M a y B e I s s u e d .
(1) T o b e i s s u e d p r e s e n tly ( a m o u n ts a g g r e g a tin g *96,292,000)—
(а) Series A 414% bonds, due Oct. 1 1999, to retire a like
amount of Development & Gen. M tge. bonds in hands of
tho public.......................................... ................................................*61.333,000
(б) Series B 5 % bonds, due Oct. 1 1999, to bo exchanged for
the $43,699,000 Development & Gen. M tge. bonds, now
held by tho company (issued for improvements and acquisi
tions heretofore made) and thereafter to bo available from
time to time to retire the *15,000,000 of notes outstanding,
and to reimburse tho treasury for capital expenditures
made, and to bo made........................................................... ........ 34,959,000
(2) T o be r e s e r v e d f o r f u t u r e i s s u e (a m o u n t s a g g r e g a tin g *403,708,000)—
(c) To refund all other outstanding bondod debt................ - -$179,597,000
(d ) To retire, from time to time, the proportion chargeable to
capital of equip, trust obligations outstanding on July 1 ’ 16. 10,461,000
( e ) T o acquire the stocks of certain loased and other linos____29,000,000
(f ) For additions, betterments, &c. (incl. equip, and securities
of connecting or branch lines and terminals) under restric
tions ( x ) tho first $100,000,000 in amounts to be equal at
face value to actual cost of said expenditures; ( y ) tho re
mainder for not exceeding 80 % of cost of iinpts. & acquis.. 193,650,000
F i r s t C o n s o l. M t g e . for *120,000,000, abstract, V. 59, p. 783; soo V. 81>
p. 1850; V. 84. p. 392; V. 89. p. 1598; V. 92, p. 796; V. 97, p . 300, 1205;
V . 99, p. 1834; V . 100, p. 310; V. 102, p. 610; V. 103, p. 580.
A p p l i c a t i o n o f *120,000,000 F ir s t C o n s o l M o r t g a g e 5s o f 1894.
Issued to July 1916 (ot which $154,200 In treasury).......... .............$71,983,200
Issuable only to ("prior bonds” (see V. 59, p. 785)______________ 42,317,000
retire certain!stocks (see V. 59, p. 786)......................................... 5.700.000
D iv i s io n a l f i r s t m tg e . 5 s were Issued in 1898 on account of purchase of
M em. & Chari. R y. Total auth. issue, *8,000,000. V. 67, p. 179; V. 81,
p. 1180; Y . 83. p. 436: V. 84, p. 392. Second mtgo. on former M em . &
Chari, secures $2,500,000 of 5s, of which *1,500,000 owned by Southern
R y. June 30 1916 and *1,000,000 rosorvod for Improvements. S t. L o u is
D i v i s i o n mtgo.. V. 72. p. 138; V. 84, p. 392.
The collateral trust 4s of 1901 have been issued, $ for $. In exohange for the
Mobile fe Ohio gen. 4s as aoqulred, by a pledge of which they are scoured.
Stook trust certificates for M. & O. stock are now entitled to dividends at
rate of 4% per an. In perpetuity. V. 72, p. 242, 822. In Fob. 1917 $8,291,
000 of the $9,472,000 bonds and $5,670,200 of the $6,017,000 stook had
been deposited. V. 72, p. 439: V. 73, p. 664. Bee M. & O. statement.
In Feb. 1914 $10,000,000 3-year 5 % notes were sold secured by *16.667.000 Development & Gen. M . bonds. V. 98, p. 612, 691.
Jointly with St. Louis fe San Franolsoo RR. guaranteed bonds of New
Orleans Terminal C o., and subsequently acquired ontiro control of property
(see St. L. & San Fr. plan, V. 102, p. 897). V. 77. p. 38, 699: V. 79, p. 1466.
UVIUI(7IUUM V trusts, UWl * L to T . W W V. 81, p. UJUU* V. 82, F • l1323: V. o88,
Equipment UlUCUC, Ser.
X « See V •
1850; V •
p. ULt J , ? . o •
p. 1374; V. 90, p. 978; V. 97, p. 366; V. 98, p. 1158; V. 102, p. 1897; V. 103,
p. 1889, 1981.
In March 1916 sold an additional *7,000,000 bonds of Atlanta < Charlotte
&
Air Line Ry. (loased line). V. 102, p. 1058, 1162.
LATEST E A R N IN G S.— (1916-.Gross, $39,933,769; net, $12,654,779
6 mos., July 1 to Dec. 31.\1915--Gross, 34,973,882; not, 10,565,918
AN N U AL REPOR T.— Fiscal year ends Juno 30. Annual meeting is
held second Tuesday in October. The report for 1915-16 was given at
length in V. 103, p. 1404, 1422. See also editorial, p. 1464.
C o tto n T o n n a g e ,& c . — For 1915-16 tho tonnage of cotton and cotton seed
and its products actually decreased 239,416 tons (1 4 .5 % ), due to the
short crop, while the tonnage of all revenue freight increased 4,375.720 tons
(1 6.9% ). Bituminous coal and coke tonnage was substantially tho samo.
1916.
1915.
1914.
1913.
Average miles operated.
7,023
7,031
7,033
7,030
Gross oper. rovenuos...*69,997.675 *62,199,510 *70,750.997 $69,676,721
Net, after taxes________$21,004,005 $13,400,055 *16.310,958 *17,855,715
Other income...............
3,422,026
3,238,918
3,267,406
3,365,971
Total gross in com e...*24,426.031 *16.638,972 *19,578,364 *21,221,686
Dcduc. from gross in c .. 3,885,901
3,886.601
3,799,062
3,104,086
Interest on debt.............. 11,206,229 11,151,814 10,939.596 11,038,974
Preferred dividends..............................
............(4)4)2700000 (5)3.000,000
Additions & betterm’ts .
*88,195
*77,188
*91,929
*48,660
Net income..................... *9.245.704
*1.523,369
*2.047.777
$4,029,965
F e b ., 1017.]
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 , & c . , s e e n o te s o n f ir s t p a c e ]
Southern Railway— (C o n c lu d e d )—
Wash Ohio A West 1st Mu______
B— S o u th e r n R a il w a y D iv i s io n a l S e c u r i ti e s .
Memphis Dlv 1st, M ($8,000,000) gold......... Q.xc
Aiken Branch llrst mtge gold (V 08. p 8 2 6 )..............:
M ile s
R oad
50
552
1,020
95
66
1884
1880
1886
1879
1885
1 ,0 2
2<J
24
365
1894
1898
1898
1901
1901
Mobile A Ohio bODds— See Mobile & Ohlo'liR Co
ed to
uAtlanta A Charlotte— Stock.
aNorth Carolina stock 7 % guaranteed.
First mortgage $1,200,000..........................
Preferred stock........................................ ..........
Northern Alabama R y — See that company
({Atlantic A Danville llrst mortgage--------------------- Ba
Second mortgage gold-------------Eq
Southern Railway, Carolina Division—
aSouth Caro A Georgia 1st M g $5,250,000— Ce.zo*
•Spar Union A Col $1,000,000 guar Ash A Sp g __x
Sumter A Wateree River H R first mortgage------Cex
General mortgage $18,000,000 g o ld ..................... _N
D a te
B onds
166
31
___
263,
98
—
149
149
—
278
278
245
- -16
—
42
(a) S o
1899
1899
-- -1914
1890
—
1895
1895
—
Par
V a lu e
A m ount
O u ts ta n d in g
$1,000 dSl,025,000
1,00(1
3,106,000
1,000 12,770,000
1,000
1,000.000
1,000
2,000,000
1,000
1,000
500
1,000
1,000 Ac
u th e r n
4.500,000
6.8&3.000
150,000
12,500,000
8,291,000
R a te
%
4
5
5
6
6
g
g
g
g
B e
5
4
4
4
g
g
g
g
R V.
1,000
1,000
100
1,000, Ac
1,000
100
200 1,000
200 1,000
100
1.500,000
4 g
315.000
4 g
1,700,000
9
16,000,000 4 ) 4 A 6
1.650,000
3 g
4.000,000
7
600,000
5 g
1,200,000
4
900,000
4
125
W h en
P a y a b le
L a s t D iv i d e n d
a n d M a tu r ity
F
J
M
J
J
A
A
A
A
A
A Feb
J July
N Nov
J July
J July
1 1924
1 1930
11956
1 1918
1 1925
M
J
J
.1
M
A
A
A
&
A
S Sept
J July
J July
J Jan
s Sept
1 1938
1 1996
1 1998
1 1951
1 1938
A A
M A
M A
J A
A A
F A
J A
J A
J A
P la c e s W h e r e I n te r e s t and
D iv i d e n d s a r e P a y a b l e
J P Morgan A Co. N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
o Apr 11949
N Nov 1 1948
s Sept 1 T 6 4 ) 4 %
.1 July 1 1944
o Apr 1 1946
A Feb 1917 3 ) 4 %
J July 1 1945
J July 1 1945
J Jan 1 1917 2%
do
do
do
do
U S Mtge A Trust, N Y
Central Trust Co. N Y
J P Morgan A Co. NJY
Burlington.N C
J P Morgan A C o . N Y
do
do
do
do
1900
1904
1,000
1,000
3,925,000
1.525,000
4g
4 g
J
J
A
A
,TJuly 1 1948
J July 1 1948
Bankers Trust Co, N Y
Equitable Trust Co.
1894
1895
1899
1902
1906
1,000
1,000
1,000
1,000
1,000 Ac
5,250.000
1,000,000
100,000
5,000,000
434,000
5
4
5
4
5
M
J
A
J
J
A
A
A
A
A
N May
J Jan
O Apr
J July
J Jan
J P Morgan A Co. N Y
g
g
g
g
g
Southwest I'cnn RR— See Pennsylvania RR
Southwestern (Ueorgia)— Stock (see text)— ----------333 ____
100
5,191,100
J A
5
Southwestern Ry (Texas)— 1st M gold--------------------- 3
1907
1.000
354.000
A A
5 g
Spartanburg Union & Columbus— See Southern Ry, Caroll na Dlv islon
Also additional amounts pledged June 30 1915 un der fir st cons olldated mortgage; d $225.0 00
G a.; Edwin A . Alderman, Charlottesville, Va.; John Kerr Branch Rich
mond, Va.; John C. Kllgo. Charlotte, N . C .; Robert Jemison Sr., Birming
ham, Ala.: II. B. Spencer, Washington, I). C .; Adrian Iselin Jr.. Charles
Steele, and Charles Lanier of N . Y .— (V. 102, p. 1897; V . 103, p. 580, 066.
1404, 1413, 1422. 1593, 1889. 1981, 2079; V . 104, p. 74. 257, 362.)
SOUTHERN R A IL W A Y CAROLINA DIVISION.— Cayce, S . C., to
Hardceviile, 129 miles; Charleston, S. C., to Augusta, Ga., 137 m .; Klngvllle, S. C., to Marlon, N . C., 208 m .; branches. Ao., 284 m .; total, 758 m.
Leased to the Southern R y. Stock authorized, $7,798,700, ot which
54,176,200 owned by the Southern R y. Of the generals of 1902 ($18,
000.000 authorized), $0,200,000 are reserved to retire at or before ma
turity the underlying divisional bonds, $5,000,000 have been used to
reimburse the Southern R y. for the previous purchase of the several proper
ties, and the remainder is available for Improvements, equipment and ex
tensions, $4,000,000 being reserved for a northwestern extension Into and
through the States of South Carolina. North Carolina. Virginia Tennessee
and Kentucky. V.75, p. 136. Pres., (vacant).— (V. 7 5 , p. 3 1 ,136?)
S O U T H W E S T E R N R R . (Georgia).— O w n s M a c o n , Ga.. t o E u f a u l a - F o r t
V a l l e y t o C o lu m b u s . G a ., A c . , w it h b r a n c h e s t o t a l , 3 3 3 m
l e a s e d f o r 101
o f G e o r g ia R y ; r e n ta l 5% o n s t o o k
As
1002.
O f f i c e , M a c o n , Ga.
y e a r s fr o m N o v
1 1895 t o C e n t r a l
to suit, see V . 7 1 , p . 80 9 , V . 73, p.
SOUTHWESTERN R Y.— Owns Henrietta to Archer. Tex 20 07 milesleases Henrietta terminals, 0.75 m. Incorp. in Texas May 2’’ 1907
Stock ’
$35,000: par, $100. Bonds (auth. amount, $389,905). Fidelity Trust
Co., Ft W o rth ,'le x ., trustee; see table above. Year ending June 30 1 0 1 5
gross. 520,870; oper. def., $5,900; lnt. on bonds, $17,700- charge S2 754
Dal., def., $35,614. In 1915, gross, $24,442; oper.def. ’$ 1 0 ago’ Pres ’
H . J. Scott, Toronto, Ont.; Sec. A Trcas., W . H . Featherston. Office’
Henrietta
1
1
1
1
1
1919
1995
1919
1952
1956
Guaranty Trust Co, N Y
J Jan 5 T7 2 ) 4 % Macon and Savannah.Ga
O Oct 1 1937
New York
with a minimum guaranty of 8 % stock. In June 1912 Mass. law was
signed permitting purchase of road by Connecticut River R R . V. 94, p.
1628. Stock $500,000, owned by Vermont Valley UIt. For year 1915-16.
gross, $600,784; net, after taxes, $237,484; other Inc., $12,536; lnt. A rent
als, $116,823;dlvs. (1 0 % ), $50,000; bal.. sur., S83.197.— (V. 94, p. 1628.)
SUNCOOK VALLEY RR.— Owns road Suncook to Pittsfield, N . H „ 17
miles. Leased till Jan. 1 1912 to Concord A Montreal for 6 % on $240,000
of capital stock, and renewed for 2 years at 3 % on full capital stock, $341.<00. Operated under same temporary arrangement on same basis as last
renewal, but subject to termination on 2 months’ notice by either party.
V . 93, p. 1727; V. 94, p. 280. Pres., Frank W . Sargeant, Manchester, N . II.
— (V. 94. p. 280.)
„ SUSQUEHANNA BLOOMSBURG & BERWICK R R — Watsontown to
Berwick. Pa., 42 miles. V . 75, p. 343. Stock, $1,000,000, owned by the
Pennsylvania RR . V. 91, p. 1386; V. 92, p. 660. First dlv.— 1 % — paid
July 1 1910; none since to June 1916. Bonds, see table. V. 75, p. 1303;
V . 82, p. 753. Year ending Dec. 31 1915, gross, $222,991; net earnings,
$92,414; other Income, $3,503; charges, $57,345; surplus, $38,572. Six
months ending Dec. 31 1916. gross, $93,316, against $174,220; net, $31,773.
against $92,359. Pres., A . J. County.— (V. 92, p. 660; V. 102, p. 1541.)
SUSSEX RR.— Stanhope to Franklin, N. J., and branch, 30 miles. Oper
ated by Del. Lack. A Western, which owns a majority of the $1,638,600
stock. Dividends from earnings of 1899, 3 % : 1900. 4 % : 1901 to 1903, both
Incl 2% yearly; 1904. 5 % : 1905. none: 1906, 5 % ; 1907 and 1908, none;
1 9 0 9 .2 % ; 1910 to 1914, none. Cal. year 1915, gross, $172,602; oper. def,
$2,759; taxes, $13,553; other Inc., $3,637; deduc., $2,916; bal., def., $15,591.
EA R N IN G S.— 6 'm o s .,(1916............G r o s s , $92,185; net loss. $16,337
July 1 to Dec. 31. \1915_________Gross, 95,248; net loss,
1,712
„ SYRACUSE BINGHAMTON & NEW YORK RR.— Geddes, N. Y .. to
Binghamton, N . Y ., 81 miles. Stockholders voted Dec. 6 1911 to lease the
road during Its corporate existence to the Del. Lack. A Western R R . for
12% on the $2,500,000 stock, of which the lessee Dec. 31 1915 owned
SPOKANE INTER NATIONAL R Y .— Owns Spokane Wash to Fast- $2,155,700. Lease took effect Oct. 1 1912. In the suit of minority stock
port, Idaho, on C an.Pac. B y .. 142.8 m .; leases for 60 vra’ Oiwir d’AlerufA holders Justice Giegerich In the Supreme Court in N . Y . on N ov. 16 1916
Pend d’Oreille R y ., Coeur d'Alene J ct., Idaho, to Coeur d’Alemi q U m • decided that the lease of 1912 was inequitable to the minority Interests.
Corbin Jet. to Bay View. Idaho. 12.42 m .; total o p e r a te d 1 0 4 '’5«VnIh?s: This decision unless reversed will necessitate the modification or annulment
The Canadian Pacific interests In Nov. 1916, p u r c h t h o ’road ’ V I 03' of the lease. V. 103, p. 1982; V. 95, p. 481.
p l9 81: V 99 p 539; V 89, p. 694. Stoc£. $4,20o!o«lo; ^ a r of Ihar^i
D IV ID E N D S .-l ’88. ’89. ’90. ’91.— 1892 to 1909— TO to 12.
Since.
$100. V. 81, p. 156, 1551. Loans and bills payable June 30 1015 « qAq Percent................ J 12
8
8 13 8 y’ly (2% quar.) 10 vrly
12 yrly
101. For year end. Juno 30 1915, gross, $754,5.35; net 5245 918- other Inc'
5573; lnt., taxes. A c.. $380,197; bal., def.. 5133.706. In ’1915-16 Cross' — (V. 93. p. 1464, 1601: V . 94, p. 828; V. 95. p. 481; V. 103, p. 1982.)
5731,383; net. $231,400. Pres., Daniel C . Corbin - Hec AT rras ’ a Hred
TACOMA EASTERN RR.— Owns Tacoma, Wash., to Morton, 67 miles
C . Chapin, 192 B ’way. N . Y . - ( V . 89, p. 594; V . 99, p. 539i V . lo f^ p ! 1981)
to bituminous coal fields; branches, 26 miles: total, 93 miles. The Chicago
Milwaukee A St. Paul Ry. owns the stock. Due for advances June 30 1916
SPOKANE PORTLAND &. SEATTLE R Y .— [ S e e M a p N o r t h e r n P a c i f i c . )
$3,037,937. Stock, com., $750,000; pref., 6 % non-cum., $750,000- all
Road O p e r . (557.12 m .)—
M ile s .
C o n tr o lle d —
. Issued; par of shares, $100. V. 76. p. 655. Dlvs. 11% each on com. and
Spokane,Wash.,to Portl.,Ore..372.13
pref. stocks paid July 31 1911. Year ending June 30 1916, gross income
.7
>Goble, Ore., to Holiday, O re .. 79.41 pIcg^ w rk2 R <(v- 8S P -666). 150.9 $513,855: net, $97,158; other Income, $75,003: lnt. on bonds, $181 426Lyle,Wash..to Goldendale,Wash42.25 o ^ n ^ n * ' % (V - 91-P - 946)33.00
Warrenton,Ore.,to Ft.Stevens.. 3 53 Or£gon Elc0- R y. (V. 92. p.
0220)_______
26
“
-p fr a i3 /
“ • “ • E ” " ” e - S e* “ * Trackage rights________________ 23.54
*d
Leases Wilbridge to Goble, Ore.36.24 Great x?ysJ V -90. p". 1297," .1364) 33.72
TALLULAH FALLS R Y.— Owns Cornelia, G a„ to Franklin, N . C „ 58
Northern Pacific 8 8 C o______
miles. Southern Ry. owns $200,000 common stock, of which $199,500
From Vancouver, W ash., to a point near Portland. Ore the line is owned and $123,400 pref. stock and $1,519,000 bonds are deposited under Its
as to an undivided 2-3 by this company and 1-3 by Nor Pao DRv ° W
The development and general mortgage. V . 88. p. 687, 750, 884. Year ending
Willbrldge-Gobie line is leased for 999 years from Nor Pac
K y ‘ 1 16 Juno 30 1916. gross, $117,546; oper. income, S10.057; other income, $299:
Jointly controlled by Northern Paclflo and Great Northern
Stooir auth
charges, $78,737; bal., def., $68,381.— (V. 88. p. 750, 884.)
f62.500.000: outstanding June 30 1916, $40.000.(XX), emVally owned l.V
Nor. Pao. and Great Northern, together with the $73^10 000 bonds Issued
TAMPA & GULF CO AST R R .— Projected from Tampa, Fla., via
whtoh were jointly guaranteed and held In treasuries of two companies.
Belair, St. Petersburg and Tarpon Springs to Port Itlchey, Fla. Ifaa a
Of the 1st gold 4s of 1911 ($126,000,000 auth. Issue), redeemable at 1 0 5 50-year trackage agreement with Tampa Northern R R ., giving entrance
into Tampa and use of Tampa terminals. Of this, Tampa to St. Petersburg
and lnt. after March 1 1931, $80,000,000 are issuable for oorporate purposes
$25,000,000 are reserved for acquisitions, stocks and bonds in other com with 11-m. branch Port Richey to Tarpon, a total of 80 miles, was operated’
in June 1916. The Seaboard Air Line R y. guarantees the bonds, prin A
panies, and $20,000,000 reserved for lmpts., A c ., at not exceeding SI non
lnt., but does not own the stock.
000 a year. V. 9 2 ,p. 886. Loans A bills payable June 30 1916, fl0 ,3 2 9 ,6 0 l"
Of the 1st ,5s ($5,000,000 authorized Issue). the $750,000 Issued are a first
Year ending June 30 1916 (555 miles), gross, $4,971,800: net $1 792 766- Hen on the 80 m. built or under construction.
The remainder is Issuable
other Income. $432,765; lnt., rents, A c .. $4,245,396: balVTdef $2 019 866
for extensions or branches at $12,000 per mile, or. In case net earnings for
Pres., L . C . Gilman.— (V . 93. p. 1628; V. 98, p. 74; V . 100, p. 1350.)
a preceding year shall have been 1 \4 times the interest on outstanding
bonds, additional bonds may be Issued to such an amount tbatthetotal
SPOKANE TERMINAL CO.— See “ Electric Railway” section.
shall not exceed $17,500 per mile of main track. V. 96. p. 1425. Pres.
Charles II. Brown; Secretary, James W . Booth.— (V. 96, p. 1425.)
”
SPRINGFIELD (O.) UNION DEPOT CO.— (V, 77. p. 770; T . 759, 289.)
STATE LINE & SULLIVAN RR.— Owns Monroeton, pa ., to Berenice
foliA 24iif6 T C3' 8100,1 • $980,250 (par. $50). Dividend, 1 % , paid Deo 7
£9 I4 ? m l rf\ 5 -000 acres coftl lands. The bonds are .subject to
call at 105 after l.)14 at par. V. 67, p. 1209. Road leased till 1 9 3 4 to
Pennsylvania A New York Canal & HR. (rental, $40,000 per annum), and
so operated by Lehigh Valley.— (V. 74. p. 479; V. 76. p. 332.)
STEPHENVILLE NORTH & SOUTH T E X A S R R __Owns gtenhnnvllle, T ex., to Gatesvllie, 75.4 miles, and from Hamilton to Comanche,
31.5 ni. (opened Sept. 1911); total. 106.9 miles. Stock all owned by St.
Louis Southwestern 5\y--'yldch leases the road from July 1 1913 as part of
Its V/aco division.— (V. 96, p. 1090, 1490; V. 96 p 1841
*
STOCK TON TERMINAL & EASTERN R R .- ( V . 101. p. 1372; V.
103 p. 1688.)
3,
. S7 ° 7 , ^ m.
i ’T-mn nnn „ o to,LanKdaI°* Pa- 10-22 mHes; out
tracks, ^14.11 RnF Stocky $300,000 auth. (par $50), of which $176,985 total
standing, the Reading Company owning $110,900. Ronds, principal and
Interest, guaranteed by P. A R . R R . Co.— (V. 85, p. 532.)
SULLIVAN COUNTY RR.— Road from Bellows Falls to Windsor Vt
26 miles. Operated since April 1893 by Boston A Malno as agent under
lease of Conn, ltlver, the Sullivan County receiving earnings over charges
TAMPA & JACKSONVILLE R Y .— Sampson City to Emathla Fla 56
m.
Stock auth.. $1,000,000; par, S100; Issued. $604,900.
The first
5s arc limited to $10,000 per mile, V . 89. p. 1543. Coupons due Oct. 1
1914 in default. Bondholders' committee: Henry L . Cohen, 61 Bway
Chairman, H . A . Smith, Hartford, and W m . Shillaber Jr., New York with
Graham Adams, 61 Broadway, Sec. Car trusts outstanding June 30 io 16
$1,251; loans and bills payable, $6,000; lnt. on notes, $26,000.
’
Year ending June 30 1916. gross, $63,583; not, $11,975; interest on bonds
$26,000; other charges, $7,634; bal., def., $23,494. Pres., F. J. Lisman
N . Y .; V.-P. A Gen. M gr., A. do Sola Mendos, Gainesville, Fla.: Sec. \V G*
Edinburg, New Y'ork.— (V. 89, p. 1543; V. 103, p. 1302.)
TAMPA NORTHERN RR.— Owns Tampa, Fla , to Brooksvllle. 50 milesextension proposed from Brooksvllle to Dunnellon, 35 miles. In July 1 9 1 2
the Seaboard Air Line Ry. acquired entire stock. V . 95, p. 49, 112 Stock
pref., $250,000: common, $500,000. Bonds authorized Issue ($5,000 000)
are limited to $10,000 per mile of road. 80% of the cost of new equipment
and the actual cost of terminals. V. 87, p. 814; V. 89. p. 1484. Seaboard
Air L!,I e , 5 y; guarantees $200,000 notes. V. 95, p. 892. For vear ending
i
*
June 30 1915. gross. $112,043; oper. def.. $55,101; other Income, $14,157;
net def., $40,944; int., A c., $78,836; bal., def., $119,780. In 1915-16
gross, $109,656: net def., $24,581. Pres., W . J. llarahan; Sec. A Treas ’
R . L . Nutt.— (V. 95, p. 892, 1090.)
1*26
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 , A 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
B on ds
143 1905
Spokane International— First M $4,200.000g Col.vo*
22 1910
Coeur d’A & Pend d'O 1st M $600,000 g gu .U s.vc*
1911
Spok P & S— 1st M 8125,000.000 g red text.Ce.xcAr
Spuyten Duyvil & Pt Morris— See New York Centr al RR
24 1898
State Line & Sullivan— First M $300,000 goId.Un.xc*
Staten Island Ry and Staten Island Rapid Transit— See B altlmo
105 1910
Stephen North & So Texas RR— 1st M g gu red 105c*
10 1872
Stony Crk— lstM$350.000ext T 7 gu (V 85,p532) .FPx
1894
Sullivan County RR— First mortgage $400,000------zc
Sunbury Hazleton & Wilkes-Barre— Sunbury & Lewis tow n- See Pe
Suncook Valley— Stock (3% rental Oon A M on)-----42 1902
Susq Bloomsb & Berwick— First M $700,000 g -.F P x
81
Syracuse Binghamton & N Y— Stock 12% rental-----93 i903
Tacoma East— lst'M $1,500,000 g red 110_____ ICx.c*
58 1909
Tallulah Falls— First m ortgage..................................... G
77 1913
Tampa & Quit Coast— 1st M g gu red 105.CoBa.xc*
1909
Tampa & Jacksonville— First mtge (see t e x t ) ......... Gx
1906
Tampa Northern— First M $5,000,000 g red 1 0 6 ..OBx
45 1907
Tanana Valley— First M $1,000,000 g s t red 1 05--C ol
32 1890
Tavares & Gulf RR— 1st M gold...............................Bax
1911
Tenn Ala & Ga— 1st M $5,000,000 g red 110--Em .xc*
320 1904
Tenn Cent— Prior lienM $4,200.000g red 110-MSt.zc*
1915
Receivers’ certificates ($100,000 duo Fob. 1 1916)-320 1904
General mortgage $20,000,000 gold (see text) -.zc*
41 1903
Tennessee & North Carolina— 1st M $750,600------ G.xc
56 1907
Tennessee Ry— First mtge $4,500,000 gold. . Oxo*&r
1889
Terminal Railroad Association— First mtge gold.a.vo*
1894
First Consolidated mtge $12,000,000 gold— Gxo*
1903
Gen M ref $50,000,000 g s f red (te x t).. Ce.xc*Ar*
St Louis Bridge Co 1st pref stock guaranteed............
Second preferred stock guaranteed (endorsed)..
1879
First mortgage gold--------------------------------------- xo*
Tunnel RR of St Louis stock guaranteed (endorsed)
Par
V a lu e
$1,000 $4,200,000
544,000
1,000
1,000 Ao 73,710,000
R a te
%
g
6 g
4 g
5
W h en
P a y a b le
J
&
J &
M &
L a s t D iv id e n d
a n d M a t u r it y
J July 1 1955
J July 1 1960
S Mch 1 1961
272.000
1,000
4 X g J & J Jan 1 1929
re & Obi 0
J & J July 11940
2,607.000
1,000
62
A
& O Oct 1 1957
4
350.000
1,000
A & O Apr 11924
357.000
4
1.000
nnsylvanJ a RR
J & J Jan 1 1917 I X
341.700
3
100
A & O Oct 1 1952
700.000
52
1,000
12
Q— F Feb 1 1917 3%
2,500.000
100
J A J Jan 1 1923
884,000
6 ft
1,000
M A S Mch 1 1959
1,519,000
5
A & O Apr 1 1953
750,000
5 g
A A O Apr 1 1949
480.000
5
1,000
J A J July 1 1936
1,258,000
1,000
52
575,000
6 g
J A D Deo 1 1926
1,000
J A J July 1 1921
299,000
5 g
1,000
1,500,000 See text F A A Feb 1 1961
1,000
4.014.000
J A J Jan 1 1934
1,000
330,000
i g
J A J Jan 1 1954
8.353.900
5 g
1,000
J A J 1933
300.000
5
1,000
M A S Mch 11937
5 g
1.000
1,130,000
7,000.000
4 X g A A O Oct 1 1939
1,000
F A A Aug 11944
5,000.000
1,000
52
J A J Jan 1 1953
4 g
1,000 Ao 24,016.000
J A J Jan 1 1917 3 %
2,490,000
6
100
J A J Jan 11917 1 X %
3,000,000
3
100
A A O Apr 11929
6,000.000
500 Ac
J A J Jan 1 1917 3 %
1,250,000
S '
TANANA VALLEY RR.— Owns road from Chena to Chatlnlka. Alaska.
40 miles, and Junction to Fairbanks, 5 miles; total, 45 miles. Stock,
common, $1,000,000; preferred 7% cum., $300,000; par, $100. Dlv
on pref. stock, 3 X % . paid July 24 1909; Dec. 6, 3 X % ; nono since to July
1914. Bonds, see table above; Dec. 1914 coup, in default. V . 87. p.
1239: V . 100, p. 305. 8 % bank loan dated Jan. 1 1914, $21,000. secured
by deposit of $91,000 1st M . bonds. Report for year end. June 30 1915
showed: Gross, $101,650; net, after taxes, $21,889; charges, $36,899; bal.,
def., $15,010. Pres., Falcon Joslln, Fairbanks, Alaska; Treas., Harris A.
Dunn; Sec., H . B . Rettie. Office, 53 W . Jackson Blvd., Chicago.— (V.
95, p. 1123; V . 100, p. 305. 399.)
T AVAR ES & GULP R R ^-O w ns Ellsworth Jet. to Winter Garden, Fla.,
25.71 miles; W ait’s Jet. to Clermont, Fla., 5.93 m .; trackage, Tavares to
Ellsworth Jet., 3.39 m .; total, 35.03 miles. Incorporated March 27 1890.
Stock, $256,000; par, $100. Bonds. $299,000 1st 5s (auth. $9,000 per mllo),
see table on previous pages. For year ending June 30 1913, gross, $28,589;
oper. dof., $3,205; lnt.. taxes, &c., $31,996; bal., def., $35,201. Pres.,
Henry H . Jackson; Sec., S. II. Jackson. Office, Tavares, Fla.
TEM ISCOUATA R Y .— (See V . 101, p. 1465.)
TENNESSEE ALABAMA & GEORGIA RR.— Owns road from Tennessee
State line to Gadsden, A la ., 86.74 m .; Round Mt.'branoh, 3.1 m .; trackage
to Chattanooga, 5 m . V . 91, p. 1628, 336; V . 92, p. 323.
STOCK.— Authorized, common, $2,350,000; pref., $750,000.
BONDS.— Bonds ($5,000,000 auth. Issue; present Issue, $1,000,000;
Empire Trust Co., N . Y ., trustee) are to bear Interest at 5 % , except the
first $1,000,000, which for the first 5 years will be entitled to Interest up to
5 % only In so far as earned, payable semi-annually, and thereafter to fixed
Interest at 5 % . V. 92, p. 528, 323. To Oct. 1916 no Interest had been
paid on the bonds and none had been written up. There were then out
standing car trusts $11,042, and loans and bills payable, $83,574.
For year ending June 30 1916, gross, $101,878; oper. def., after taxes,
$16,736; bal., dof.,
f 17,754; other income, $2,677: deductions, after taxes, $36,088. $50,813.
or year 1914-16, gross, $69,693: oper. def.,
Pres., J. J. Slocum; V .-P ., Henry W . do Forest; Sec., H . B. Blanchard;
Treas., E . O. Osborn. Office, Chattanooga, Tenn. (V . 100, p. 557.)
TENNESSEE CENTRAL RR.— Harrlman, Tenn., westerly to Hopkins,
vllle, 247.35 miles. Branohes, 40.44 miles; sidings and spur tracks, 74.93
miles; lines at Nashville terminals, 20.17 miles; total. 382.89 miles. Leases
till 2001 Nashville Terminal Co. (terminals, bridge and 20.17 miles of track).
V . 79, p. 213: V . 87, p. 39. City or Nashville owns $1,000,000 cap. stock.
On Dec. 31 1912 W . K . McAllister and H . B . Chamberlain were ap
pointed receivers. V . 96. p. 63. Jan. 1913 coupons on gen. M . In default.
In 1915 $430,000 one-year 6 % certs, were authorized. July 1915 coupons
on Prior Lien bonds wore paid in Jan. 1916 at Miss. Val. Tr. Co. Later
data not at hand. The foreclosure sale was adjourned from Feb. 15 1917 to
Mar. 1. T o be sold subject to $4,014,000 undisturbed Prior Lion Mtge.
bonds of 1904. V . 103, p. 1413,2239.
SECURITIES.— Stock outstanding, $8,000,000. all common (par $100.)
The prior lien 4s of 1904 (originally 5s, stamped 4% ) are subject to call
at 110; cash was reserved to retire $12,000 Nash. A Knoxville 6s due 1918.
111. Central R R . and Southern R y. have owned most of the 4s. V .80,p .l059.
P r o te c tiv e C o m m itte e f o r G e n . 5s . — Alexander J. Hemphill (Chairman);
Lewis B . Franklin, 28 Nassau St.. Secretary: Guaranty Trust Co.. N . Y .,
depositary. V. 96. p. 204, 488. In 1916 had plan under advisement.
V . 102. p. 1810: V. 103, p. 1119.
Gen. mtge. 5s ($20,000,000 auth., Merc. Tr. Co. of St. Louis, trustee),
V . 78. p. 1783; V . 79. p. 213. The Nashville Term. mtge. is for $1,000,000;
see that company and V. 104, p. 257. Current liabilities June 30 1915,
$3,345,396. Car trusts June 30 1914. $262,241.
E A R N IN G S.— For years ending June 30 (V. 103. p. 1413):
Y ea r—
G ross.
O p e r a tin g E x p e n s e s .
N et.
D eficit.
(78.92%)$1.277,959
$341,279
$512,248
1915-16____ $1,619,238
1914-15____ 1,481,404
(85.02% ) 1,259,451
221*953
633,903
Chairman of Board, Eben Richards, N . Y .; Sec., F. J. Ready Jr., Nash
ville; Treas., E . R . Burr.— (V. 103. p. 146, 939, 1119, 1413, 2,239.)
TENNESSEE KENTUCKY & NORTHERN RR.— Leases for long term
Cincinnati Nashville* Southern R y ., which extendsfrom Algood.Tenn., on
Tennessee Central R R ., to Livingston, 17 miles. V .9 8 ,p .2 3 8 . TheOincinnatl-Nashville Southern Ry. is successor to Overton County R R ., foreclosed
Aug. 13 1912; V . 95, p. 481. The Cln.-Nashv. Sou. Ry. has Issued $25,000.stock & $150,000 1st, M . tax-exempt 25-yr. gold 5s, due Oct. 15 1937; int.
A . & O. at Colonial Trust & Savings Bk., Chicago, 111., trustee: denomina
tion $1,000 each. The Tenn. Kentucky & Northern has Issued $10,000 stock
and (to Feb. 1 1917) no bonds. Year ending June 30 1916, gross, $31,754;
net, $11,076; deductions, $10,002; bal., sur., $1,074. Pres., Mrs. P. E.
Clark; V .-P ., Sec. & Treas., T . O. McCampboll, Nashville, Tenn.— (V. 95,
p. 1123; V . 98, p. 238; V . 99, p. 1367.)
TENNESSEE & NOR TH CAROLINA R R .— Owns Newport to Water
ville. Tenn., 17.48 miles. Operated from Waterville to Crestmont, N . O .,
3 miles, over leased track. Extension from Waterville to Canton, N . O .,
3 8 X miles, Is proposed, and 3 miles of this line from Waterville has been
constructed. Operates under lease from West Canton to Spruce, 17 miles:
total operatod, 41.48 miles.
In Sept. 1916 Vice-Pres. Jas. G. Campbell
was appointed receiver. V. 103. p. 1793.
Capital stock auth., $625,000: outstanding, $306,000; par $100. Bonded
debt, $300,000 (see table); authorized issue, $500,000 on first 19 miles of
road, Newport to Waterville, Tenn. Earnings for year ended June 30
1915-16, gross, $150,711; net, $63,974; 1914-15, gross, $114,446; net, $ 5 1
775; int.. taxes, &c., $-12,939; bal., def., $4,663.
Pres.. Jas. G . Campbell, N . Y .; Sec., Fred H . Ely, Phlla., Pa.; Treas.,
D . G . Wilson, Phlla. Office, Newport, Tenn.— (V. 100, p. 1511.)
A m oun t
O u ts ta n d in g
[V o l . 104.
P l a 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 l e
Amer Exch Nat Bk, N Y
do
do
Central Trust Co, N Y
Union Trust Co, N Y
N Y and ComTr Co, St'L
Reading Terminal, Phlla
Safe Dep A Trust Co, Bos
Manchester, N H , Nat Bb
Fidelity Trust Co, Phlla
D L A W RR Co, N Y
Harris Tr & Sav By. Ohio
Guaranty Trust Co, N Y
New York & Baltimore
Oct 1914 Int not paid
Old Colony Tr Co. Boston
Dec 1914 lnt not paid
Intcrost not paid
July ’15 coup pd Jan ’16
In default
July 1 1916
In default
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
New York and London
J P Morgan A Co, N Y
TENNESSEE R Y .— Owns Oneida, Tonn., to Rosodale, 60 miles;
11 add’l miles wore authorized Feb. 1915Road to bo 75 miles In all
when completed. Stock authorized, $1,000,000; outstanding, $1,000,000;
par, $100. On July 1 1913 Bird M . Robinson was appointed receiver.
V. 97, p. 177. Pros., Bird M . Robinson; Sec., M . T . Do Vault. Office.
18 B ’way, N . Y .— (V. 95, p. 49; V. 97, p. 177; V. 100, p. 643; V. 103. p.
1793.)
TERMINAL RR. ASSOCIATION OF ST.LOUIS.— PR O PER TY.— Own
and operates extensive terminals at St. Louis, with belt lines and bridges*
and a tunnel 4,800 feet In length; owns and operates East St. Louis &
Carondelet R y., 7.78 m ., since 1903. V . 74, p. 479: V. 83, p. 1168. Touch
ing the Missouri * Illinois Bridge & Belt H R ., see that oo’s statement.
ORG AN IZATIO N .— Organized In 1889. The following companies ar°
sole owners: Cleveland Cincinnati Chicago & St. Louis, Louisville & Nash
ville, St. Louis Iron Mountain A Southern, Baltimore & Ohio Southwestern*
Missouri Pacific, Wabash, Vandalia R R . (Penn RR. system), Chlo. Rook
Isl. & Paolflo, St. Louis & San Fran., Chlo. A Alton. Chlo. Burl. & Quincy,
111. Cent., Southern R y., Mo. Kan. & Tex. and St. Louis Southwestern,
V. 75, p. 1355; V . 76, p. 103. These companies agreed under contract to
use the property forever and pay as tolls the Interest, taxes, rentals and
other charges, eaoh line to contribute Its proportion to the extent of
one-fifteenth to make up any deficiency from unforeseen clroumstances.
See V . 79, p. 499. See also St. Louis Merchants' Bridge Terminal R R .
Government suit, V . 88, p. 1374; V . 90. p. 373; V. 91. p. 39.
The U. S. Supreme Court on April 22 1912 ordered that changes be made
In the organization of the road permitting all roads desiring to become Joint
owners, and for the use by all roads without becoming joint owners, Ao.
U. S. Supreme Court on Jan. 6 1913 ordered a re-hearing of the form of
decree by the lower court, which was filed June 16 1913, and on Feb. 23 1915
affirmed the mandate. V. 94, p . 1187; V. 95. p. 545. 1208. 1685; V. 96. p.
136. 1774; V. 98. p. 764. 1394. 1994; V. 100. p.I734. In March 1913 a new
Gov’t suit (against St. Louis Coal Traffic Bureau) was begun. V. 96. p.716,
LEASES.— The leases of the Bridge and the Tunnel are for their corporate
existence, and were made July 1 1881. As to litigation, see V. 77, p. 299,
512: V . 78. p. 1908, 2443, 2600; V . 81, p. 32. 1666.
STOCK.— Authorized. $50,000,000: outstanding July 1915. $3,087,800.
BONDS, Ao.— Of the gen. M. ref. 4 % s. t. gold bds. of 1953 ($50,000,000
auth.), $17,500,000 are reserved to retire existing bonds and $6,541,000
for issue at not over $1,000,000 yearly for Improvements and acquisitions.
A slnk.fd. commenced July 1 l906retlres $100,000 of those bonds yearly
by lot at 110 and Int. if not purchasable for less; $1,100,000 bonds have boon
canceled by sinking fund. The entire issue Is subject to call at 110 and int.
since Jan. 1 1910. See V. 76. p. 267, 383, 481, 807; V. 79. p. 499; V . 83, p.
1168: V . 85. p. 1647; V . 97. p. 1205: V . 99, p. 50: V. 100, p. 1079.
Guarantees $3,500,000 St. L . Merchants’ Bridge Ter. 1st 5s and in te r e s t
on $2,000,000 1st 6s of Merchants' Br'dge. See those companies.
E A R N IN G S .— 6 mos., (1916............... Gross, $1,522,257; net. $565,544
July 1 to Dec. 31.
\1915............... Gross, $1,469,833; not, $582,083
AN N U AL REPORT.— Year ends June 30.
Y ear—
G ross.
N et.
O th er I n c .
C h a rges.
B a la n c e .
1 915-16...$3,123,588 $1,376,590 $1,633,630 $2,477,519 sur.$532.701
1 9 1 4 -1 5 ... 2.687.884
1,117.615
1.500.842
2,586,395
sur.32.062
Chairman of Board, Julius S. Walsh: Pres., W . S. McChosnoy : Sec.,
O . A . VInnedge; Treas., F . O. Daab.— (V. 100. p. 2 3 1 ,4 7 5 . 734. 1079.)
TERRE HAUTE & PEORIA RR.— (.See M a p s o f P e n n s y l v a n i a R R . ) —
Road operated from Terrre Haute, Ind., via Decatur, to Peoria, 111., 174 m .,
of which 138 m . are owned and half Interest owned In 8 m ., and 28 m. Is b y .
traokage over other roads. From Oot. 1 1892 leased for 99 years to the
Terre Haute A Indianapolis at rental of 30% of gross earnings, with a
minimum sufficient to pay lnt. on debt, the lease being assumed Jan. 1 '17
by Pitts. Cin. Ch. & St. L. V. 104. p. 73; V. 55, p. 766; V. 81, p. 212.
Lessee owns $646,700 of the $1,837,400 prof, and $1,570,400 of the $1,926.
800 common, and Pennsylvania Co. June 30 1916 owned $1,135,200 pref.
and $246,800 common.
BONDS.— The consols (Union Trust Co., N . Y ., trustee), carry t o
guaranty of the T . H . A Indianapolis. In 1905 all baok ooupons were paid.
V . 81. p. 156, 212; V. 72. p. 481, 873. See guaranty, V . 81, p. 212.
E A R N IN G S.— For cal. year 1915, gross, $858,044; net, $21,863; rental
from lessee, $257,413; balance, loss to lessee, $235,550.— (V. 81, p. 212.)
TEXAS CENTRAL RR.— ( S e e M a p M o . K a n . A T e x . ) — Waoo to Rotan,
T ex., 268 m .; branch to Cross Plains, 41 m. First 5s, V. 93, p. 1325; V. 92.
p. 1437; V. 91, p. 95, 1631; V. 90. p. 1556. M o. Kan. & Tex. Ry. of
Texas leases the road for 99 years from M ay 1 1914. with authority to
purchase the same, Ac. V . 96, p. 790; V . 98, p. 999.
DIVS.— % — '0 1 .'0 2 to '04. ’0 5 to '0 7 . ’0 8 to ’ l l . '1 2 ,'1 3 . 1914.
Com m on..
2 « 2 h y ’ly. 5 yearly.
0
5 5
5 5-6
P re f--%
7 X 5 yearly 5 yrly.
5 yrly. 5 5
8 1-3
1915.
Below
Below
Dividends under lease, 5% on both classes slnco July 1914.
Earnings for year ending June 30 1916, show: Not, Inch othor Income.
$298,946; Interest on bonds. $98,500; dividends (5 % ), $200,000; miscel
laneous charges, $446; balanco, nono.
Pres., O. E . Schaff;Sec. & Treas., A . T . Clifton.— (V. 93, p. 1192, 1325.)
TEXAS MIDLAND RR.— Road from Ennis on Houston & Texas Central
Ry. to Paris, Tex., 125 miles, of which 14 trackage over St. Louis South
west
In 1893 purchased by Mrs. Hetty Green. Stock. $112,000: par $100.
Year end. Dec. 31 1916, gross, $665,998; not, $160,087; lnt., rontals, A c.,
$177,181: def., S 17,094. Pres., E . H . R . Green, Terrell, Tox.— (V. 88.
p. 159; V . 161. p. 164.)
F e b ., 1917.J
127
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 , & c ., s e e n o te s o n fir s t p a g e .]
Terre Haute & Indianapolis: Terre Haute & Loganspor
Terre Haute & Peoria—
First mtge $2,5O0.OOO gold guar p Sc 1 (end).Un.zo*
Texas Central— Common stock $2,675,000 authorized
Preferred stock non-cumulatlve $1,325,000 a u th ..
Flrst M $2,000,000 gold red 110 ($150,000 4s) .P.xc*
Texas Midland RR— First Refunding mtge $2,000,000
Texas & N O o f 1874—
Consolidated mortgage for $4,195,000____0.zc*&r
Dallas Dlv 1st M gold $20,000 per m (text)-Un.zc*
Texas & Pacific— First consol (now 1st) M g - - FP.xc*
Second Cons Inc M ($25,000,000) g (see rem) _Ba.xc»
Louisiana Dlv Br lines 1st M gold $12,500 p m.Bax
Texas Sc Pacific Equipment Ass’n bonds__________x
Equip bonds, series AA.due $155,000 seml-an____x
do
series BB. due $30,000 seml-an____x
Equip notes gold duo $22,000 seml-annually-.Eq.c*
do
do
do
$25,0o0 semi-annually________
Texas Short Line— First mortgage gold__________ Usm
Tidewater & Western— First mtge $(500,000 g-.o*& r
Tioga RR— First M extended In 1882 & 1915 gold-.z
Toledo Col & Ohio Riv— Cleve & Mar 1st M g gu F-xo*
•Tol W V & O 1st M 1 "A " guar p & 1 (end)-----F.xo*
($15,700 per m )f“ B”
do
do
--------- xo*
$4,000 000 gold J ’’C”
do
do
sk.fd.xo*
Toledo & Ohio Central— First M g (V 53, p436)--C e.x
Western Division first mortgage gold------------- N.xo*
General mtge (V 62, p 594) ($2,000,000) g ..Cc.xo*
St Mary’s Division first mtge gold $500,000--tLxc*
do
first pref Ino $500,000 non-cum 4 % -O .r
Equipment notes due $2S,000 semi-annually......... x
Equipment notes, $60,000 seml-ann............PcP.xo*
Car trust certificates $1,200,000-----------------------------Zanesville Sc Western car trusts gu, $25,000 s-a.G.xo
Equipment trust certificates-----------------------------------O u a r a n te eil B o n d s — Kan & Mich Ry— See that co
Tol & Ohio Cent Ext 1st M (foreclosed) lnt only guar
Continental Coal Co—-Kan St Hock C & O Co— Soe
M ile s
R oad
D a te
B onds
A m ount
O u ts ta n d in g
Par
V a lu e
R a te
%
W h en
P a y a b le
L a s t D iv id e n d
a n d M a tu r ity
P la c e s W h ere In terest a n d
D iv id e n d s a r e P a y a b l e
t— See Vanda 11a RR
138
1892
$ 1 ,0 0 0
309
1893
1908
1 ,0 0 0
1 ,0 0 0
1893
1900
1888
1888
1901
’ 0 2 - ’ 10
1907
1912
1915
1916
190^
1905
1852
1895
1891
1893
1902
1885
1892
1894
1901
1901
1907
1910
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
111
208
1,387
1,387
398
___
___
11Y
92
46
103
l
7
; 24i\
197
Text
395
60
60
___
___
1 ,0 0 0
1 ,0 0 0
l 000
1 ,0 0 0
$2,230,000
5 g
2,675.000
5
1,325,000
5
2 ,0 0 0 .0 0 0 4 & 5 g
2 ,0 0 0 -0 0 0
4
M &
J Sc
J &
A &
F &
s Sept 1 1942
J
J
0 Apr 1 1923
A Aug 1 1938
1.620,000
3,997.000
25,000,000
25.000,000
5,683.000
72,000
155.000
330.000
176.000
475.000
J &
F Sc
J &
March
J &
J July 1 1943
A Aug 1 1930
D June 1 2000
1 Deo 1 2000
J Jan 1 1931
J
J
&
D To Dec 1917
J Jan 1 1928
M
& N Nov 1 1938
1 .0 0 0
1 .0 0 0
600 Sec
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 .0 0 0
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
300,000
227,500
1,227,000
1,494,000
969.000
1.261,000
3,000,000
2,500,000
2 ,0 0 0 .0 0 0
500,000
500.000
28.000
360,000
(?)
50.000
2.559,876
5
4
5
5
5
5
5
5
g
g
g
g
g
So Pao, 165 B’way, N Y
do
do
Bankers Trust Co, N Y
3 )4 % paidMch 1 1908
Bankers Trust Co, N Y
do
do
,T Sc D To June 1917
g
Blair & Co, New York
.1
S
c. D To June 1922
do
do
6 g
M Sc N To M ay 1920
Equitable Tr Co. N Y
5 g
J Sc J To Jan 1926
Blair & Co, New York
5 g J Sc J Jan 1 1922
Co.Off Grand Sabine, Tex
4 g J Sc J July 1 1955
Jan 08 coupon last paid
M Sc N Nov 1 1935
5 g
ErieR R .SOCh’chSt ,N ,Y
4 H g M St N May 1 1935
Penn RR Co, N Y
4 M g J Sc J July 1 1931
do
do
4)4 g ,T Sc J July 1 1933
do
do
4 g
M Sc S Sept 1 1942
do
do
5 g
,T Sc J July 1 1935
Central Trust Co, N Y
A Sc O Oct 1 1935
5 g
do
do
5 g
J Sc D June 1 1935
do
do
F Sc A Feb 1 1951
4 g
Guaranty Trust Co, N Y
Oct 1 U earned Feb 1 1951
Second Nat Bank, Toledo
4
M & N15 To M ay 1917
Phlla Tr S Dep & Tr Co
J Sc J July 1917 Jan’20 Prov Life & Tr Co, Phlla
4 g
___ 1907
1 .0 6 6
4 K
1913
4)4
—
___ 1888
1 ,0 0 0
300,000
3 g
Sunda y Creo k Co und or “ Industr ials”
TBXAS & NOW ORLEANS RR.— (S e e M a p S o . P a c .)— Houston, T ex.,
to Orange (Sabine River), 111 miles; and Sabine Pass to Dallas, 314 miles;
Houston to Clinton. 8 m.; Nome to Sour Lake, 8 m.; West Port Arthur to
Port Arthur, 3 m .: Gallatin to Rusk, 8 m .; Rockland to Turpentine. 10 m .:
total June 30 1916, 462 miles.
SECURITIES, &C.— The stock Is $5,000,000, all but $900 owned by the
Southern Pacific. Dividend of 20% paid In 1909-10 from accumulated sur
plus. There were June 3 0 1916 $258,289 Texas School Fund 6s, prln. pay
able 2 % per annum.— V. 80, p. 1425.
The Dallas Division first mtge. of 1900 secures bonds at $20,000 per milo
on tho road extending from Rockland to Dallas, Tex., 217 miles, a part of
which was purchased In 1899, and future extensions up to 40 m. V. 70. p.
997; V. 71, p. 133. Of tho amount outstanding, $696,000 are owned by the
So. Pac, Co. and $2,721,000 are owned by tho proprietary companies or are
held In thoir sinking funds. Of tho $862,000 main lino 1st 30-yoar 6s,
$557,000 were on Juno 30 1916 hold In tho So. Pac. treasury and tho re
mainder In tho sinking funds of proprietary cos. Tho $2,575,000 Sahino
Division bonds are held by So. Pac. Co. Equipment 6s, $204,000, all
owned by So. Pac.
E A R N IN G S.— 6 mos., /1010................ Gross, $2,660,125; net. $756,613
July 1 to Dec. 31.
(1915--------------Gross, $2,276,730; net S100 730
In the year ending Juno 30 1916. gross, $1,500,474; net, incl other In
come, $1,197,770; def. under chg..$49,746.— (V.96,p.1090: V .103,p .1211.)
TEXAS & PACIFIC RY. [S e e M a p M o . P a c . ) - —New Orleans, La., west
to El Paso. Tex., 1,150 miles; Marshall via Texarkana Jet. and Whitesboro
to Fort Worth. 335 m .; Opelousas branch, Melville to Crowlev La 57 m.branches, 402 m .; total, 1,944 m ., deduct 92 m .. Sierra Blanco to El Paso’
trackage; balance owned, 1,852 m.
On Oct. 27 1916 J. L. Lancaster and Pearl Wight of Now Orleans were
appointed receivers on application or Receiver Busch of tho St. Louis Iron
M tn. & So. Ity., $410,040 of the judgment of $842,000 obtained by him in
Dec. 1915 remaining unpaid. V. 103, p. 1688. In Fob. 1917 tho receiver
was arranging for important improvements, additional rolling stock, &c..
through salo of about $2,7o0,000 receiver s obligations. V. 104, p. 453.
ORGANIZATION.— In 1888 reorganized (V. 43, p. 164- V 45 p 401)
without having foreclosure sale confirmed, thus preserving Federal’oharter.
Tho Trans-Mlsslssippl Terminal C o., which was formed to build New
Orleans terminals, has filed a mortgage to secure $7,500 000 bonds
The
T - & P. and St. Louis Iron M tn. & Sou. R y. each own one-half ($50,000)
of the stock and guaranteed its bonds, pledgod to secure a dote Issue
of $4,250,000 outstanding in Jan. 1916). V . 102. p 68
The St. L . I . M . Ji Sou- h ^ trackage rlghts over tho Texas & Pacific
Ry. from Alexandria, La., to Mile Post 9, or from Ferridav via Addis to
Mile Post 9. with the right to purchase the T . & p. line between Ferriday,
L a., and Addis, 110 m. y . 95, p. 1609; V. 97. p. 9 5 2 ; V, 99. p. 50. 408.
SuRs.— On Dec 27,1915 the Bankers Trust Co., as trustee under the 2d
M . (Income) bonds, filed suit for a receivership on request of recoivor Bush
of tho St. Louis Iron M t. & So. Ry. (Mo. Pac. System), owner of $23,703.
000 of the $25,000,000 2d M . bonds, on which it Is claimed interest has been
earned but not paid.
I his suit was dismissed M ay 22 1916 for lack of juris
diction, but on M ay 26 a new suit was begun in Louisiana
V 102 n
988, 2078. On Dec. 31 Mr. Bush filed suit in Louisiana to recover on $ 8 4 ^
000 6 % promissory notes duo Juno 1 1915, held by his roads. On Jan 4
1916 tho Gould estato socurod an attachment In N . Y State for $1 741 non
on notes made to tho Iron M tn. on March 1 1 9 1 4 and assigned to ’ thn
estate In Aug. 1915. V. 102. p. 154, 2167; V . 103, p. 1505, 2239.
S T O C K . — Authorized, $50,000,000;
Issued, $38,763 810- nar $100
Missouri Pacific duel. Iron Mtn.) June 30 1916 owned $6 525 000 stock
'
S tock h old ers' P r o te c tiv e C o m m itte e .— A l v i n W . Krech, PrM ^of EqSftable
Trust Co., Chairman. Depositary, Equitable Trust Co. V . 102, p. 154.
Samuel Armstrong, Sec., 37 Wall St.
P r o te c tiv e C o m m itte e fo r M i n o r i t y I n c o m e B o n d s . — Mortimer N . Buckner
Chairman; Herbert W . Morse. Sec.. 26 Broad St.. N . Y . Depositary.
New York Trust Co. V . 102, p. 610; V. 103, p. 1688.
BONDS.— See 1888 mortgage abstracts, V. 47, p. 82; V. 78. p. 1448.
The Weatherford Mineral Wells Sc Northwestern ($780,000 5s of 1902) are
guaranteed, principal and Interest, by endorsement. V. 78, p. 344. The
$100,000 Denison & Pacific Suburban 5s aro also guaranteed.
Louisiana Branch Lines mtg. Is limited to $7,000,000. V. 72, p. 577, 1189.
On 2d M. Income 6 s there Is no right to foreclose unless default Is made on
1st mtge. All except $960,000 of the 2ds have been exchanged for 65% In
St.Louis Iron Mtn. & S. 4s. V. 6 8 , p. 525, 619, 725, 774; V . 70 p .5 3 3 .
Interest on second mtge. U900. 1901. 1902 to 1907. 1908. 1909 to 1914.
Incomes (% ) ............_ f 1 14
4
5 yearly.
31$
0
Loans and bills payable Jan. 31 1917, $3,129,420, Including $1,741,000
notes datod June 1 1914, endorsed by St. Louis Iron M tn. & Sou. R y., with
Interest, it is said, unpaid. 'See M o. Pac. plan, V. 101, p. 130, 615.)
— E g u ip ’ t O b lig ’ n s — — B ills P a y a b le ----------C a sh I l e l d — A u d . A c c t s . A W a g e s
J u n e^ O S . J u n e 16. J u n e 08. J u n e ’ 16. J u n e ’ 15. J u n e ’ 16. J u n e ’ 15. J u n e ’ 16.
Penn RR Co, N Y
61 Broadway, N Y
do
do
do
do
None ever paid
Sc
Guaranty Tr Co, N Y
Guaranty Trust Co, N Y
New York office, 165 Broadway. Chairman and Pres., Goo. J. Gould;
V.-Pres., J. L. Lancaster. Directors March 1915, V. 100, p. 982, 1080.—
(V. 103, p. 240, 1505. 1688; 2239; V. 104. p. 453.)
T E X A S SH O R T LINE R R .— Grand Saline, Tex., to Alba, 11.7 miles.
V. 88, p. 232. Stock, $11,000. Bonds, $174,000 In treasury. Year
1915-16, gross, $53,982: net, $12,275. Pres., T . B . Meeks, Grand Saline,
Tex.— (V. 88. p. 159, 232.)
TID E W A TE R & W ESTERN R R .— Owns Bermuda to Farmville, V a.,
89 m .; branches, 3 m. V. 81, p. 212. Stock outstanding, $300,000; par,
$100; bonds. $300,000 (Virginia Trust Co., Richmond, Va., trustee.)
Year ending Juno 30 19l6, gross, $81,656; net, $2,458: other income,
$4,022; int. and taxes, $14,525; bal., def., $8,044. Pres., L . M . Williams;
Treas., G. M . Wilson, Richmond, Va.— (V. 85, p. 865.)
T IO G A R R .— Stock, common, $391,200. and $189,700 pref.; par, $50
— V . 101. p. 1465, 1554.
TOLEDO COLUA1BUS & OHIO RIVER R Y.— (S e e M a p s P e n n s y l v a n i a
R R . ) — Owns road Toledo Jet. to Toledo, O., 81 miles, and Loudonville to
Coshocton, O.. 45 m .: Sandusky to Columbus. 108 m .: Marietta to Canal
Dover, 103 m ., branch. 8 m. Total owned 345 miles: trackage (Pitts. Ft.
W . & O.) to Mansfield, O ., 7 m .; Cleve. Cin. Chic. & St. L. in Sandusky
and Columbus, O ., 2 miles: Lake Shore, C. H . & D . Jet. to Union Station,
Toledo, O ., 2 miles; total, 356 miles.
Pennsylvania Co. owns the $10,000,000 outstanding stock (of $12,000,000
auth.), and leases the property for net earnings, and guarantees the bonds
of the old cos. V. 92. p. 1702; V. 93, p. 106. E>Iv. 6 % paid 1911 and 1912;
1913 and 1914, none; 1915, Dec., 6 % ; 1916, Dec., 6 % . V. 93, p. 1790.
E A R N IN G S.— For cal. year 1915, gross, $5,940,935; rental for lease of
road, $1,339,802; other income, $34,578; charges, $335,528; dividends (6 % ),
$480,000; surplus, $558.853.— (V, 102, p. 155.)
TOLEDO & OHIO CENTRAL RY.— Operates 436 miles, viz.;
L in es ow n ed —
M i l e s . \ T r a c k a g e (36M i l e s ) — L e a s e d ,5 , M i l e s .
Whitmore to B rem en.................. 171 Peo. to St. Mary’s(V. 73, p. 660). 60
Toledo to Thurston------------------- 1481Corning to New Lexington______12
|
To Truro, &C____________________ 4
Owns all stock and bonds of Zanesville & West. R y., Thurston to Shawnee
and Zanesville, O ., with branches, 90 m., oper. separately. V. 75. p. 906.
In 1914 purchased from tho Ches. & Ohio Ry. and New York Central R R .
$8,947,900 of the $9,000,000 Kanawha Sc Michigan Ry. stock, issuing its
demand or one-year notes for $8,719,012. V . 100, p. 1250. Total out
standing loans and bills payable as of Dec. 31 1915, $10,719,012.
New York Central RR. owns $3,701,400 of tho $3,708,000 pref. and
$5,846,300 of $6,500,000 com. V. 90, p. 771, 1095; V . 92. p. 804.
D IVS.—
'95. ’96.’ 97-’08. ’09. ’ 10. ’ l l .
1912-13. 1914-15
Common(slnce’94) ( % ) -------None------2
5 2)4 5 yly. (Mch.) None
Pref. ( 1 % ) ----------------5 3 % None. 10
5 2)4 5 yly. (Mch.) None
O b lig a tio n s . — In Dec. 1916 the Ohio P. U. Commission authorized the
issue of $1,200,000 car trust certificates. V. 103, p. 2157.
G U AR AN TIES.— Tho company guarantees tho principal and int. of the
Kanawha & Michigan first mtge. bonds (see that company).
Tho Toledo & Ohio Central Ry. Co. (of which the New York Central
owns all of the stock) and the Hocking Valley Ry. Co. were guarantors of
the bonds of the Continental Coal Co. and Kanawha & Hocking Coal &
Coko Co. The bonds having been declared due because of default In pay
ment by tho coal companies of the interost on their bonds, the New York
Central R R .. under terms as to holding by a trustee, &c., imposed by the
Federal Court of Ohio stepped in and bought the bonds at par and int.
The bonds so acquired to Jan. 17 1917 aggregated; Cont. Coal C o., $1,500.
000: Kan. Sc Hock. C . & C . Co., $2,513,000. V . 103, p. 1890; V. 104, p.562.
E A R N IN G S.— For eleven months ended Dec. 31;
G ro ss
11 M o n t h s — E a r n in g s .
1916..............$5,680,713
1915.............. 4,288,181
N et
E a r n in g s .
O th er
In com e.
F ix e d
C h a rges.
B a la n c e ,
S u r. o r D e f.
$1,223,328 $866,085 $1,371,490 sur .$717,923
770,060
566,590
1,362,665 def. 26,016
AN N U A L REPO RT.— Report for 1915 was in V . 102, p. 1620
Of the
total tonnage in 1915. 4,865,861 was bituminous coal.
Y e a r s e n d . D e c . 31—
1915.
1914.
1913.
1912.
Operating revenues____ $4,722,352 $4,930,626 $6,031,430
$5,363,018
Net, after taxes_______
$835,641
$635,695 $1,071,084
$1,215,840
Othor Incomo__________
642,243
413,926
205,740
258.010
Total income................ $1,477,884
Interest, rents, &c_____ $1,434,771
$1,049,621
$1,356,237
$1,276,824
$835,597
$1,473,850
$615,419
Balance, sur. or d e f .. sur.$43,113def.$306.616sur.$441,227sur.$858.431
Pres., A . H . Smith.— (V. 103, p. 1302, 2157, 2343,2429.)
TOLEDO PEORIA & WESTERN RY. — (S e e M a p s o f P e n n s y l v a n i a R R .
3,591,000 1.008.000 6.584,000 3,561,380 659,410 791490 2,235?519 2,224.691 — Owns from Eilner, Indiana State line, to Warsaw, 111., 220 miles; La
Harpe to Iowa, 111., 10 miles: Jointly with Wabash, 1 mile; trackage at
E A R N IN G S .— 6 mos., ( 1 9 1 6 ......... Gross, $11,787,972; not, $3,769,028
Peoria and Burlington, la .. 17 m .; total, 248 miles. Stock, $4,500,000
.
pJoVvom
l ' 9 1 5 ..........Gross,
10,086,871: net, 2,650.166
(par $100); outstanding, $4,076,900, of which the Pa. Co. and O. B. & Q.
A N N U A L REI O R T.— l<or year ending Juno ^0 1916; V. 103, p. 1505.
each own about $2,010,200. Mortgage abstract, V. 45, p. 242.
Y e a r s e n d in g J u n e 30—
1915-16.
1914-15.
1913-14.
Car trusts outstanding, $259,690. Bills payable, $818,000.
Gross earnings............................................$19,156,856 $17,944,638 $18,813,282
Net earnings - ....................................... 5,340,881
4,087,251
4.352,142
E A R N IN G S .— 6 m os..11916....................Gross, $640,935; net, $82,008
Taxes accrued, &c..............................
930,245
861,699
757,341
July 1 to Dec. 31.
\1915....................Gross, 641,372; net, 68,058
R EPO R T.— For year ending Juno 30 1916 in V. 104, p. 253, showing:
Operating incomo...................................$4,410,636 $3,225,652 $3,594,801
June 30
G ross
N e t (a f t e r
O th er
In terest,
B a la n c e .
Other incomo_________________________
407,348
283,872
283,644
Y ear—
E a r n in g s .
T a x es).
In com e.
R e n l.& c .
D eficit.
1915-16................$1,218,132
$97,545
$157,628
$291,098
$35,925
Total not incomo..............— — ...............$4,817,984 $3,509,524 $3,878,445
1914-15................ 1,175,249 loss33,225
91,612
288,454
229,566
Deduct— Interest, rentals, &c----------- 2,519,534
2,512,697
2,392,598
Improvements.......................................
650,880
287,774
641,569 — (V. 102, p. 252; V. 103, p. 2343; V. 104. p. 253.)
Equipm ent...........................................
474,833
457,000
466,500
TOLEDO RIVERSIDE R Y .— The property of this company was deeded
to the Great Central Dock Co., which company assumed the bonds. It is
Balance, surplus____________________ $1,172,738
$252,053
$377,778 understood the guaranty on these bonds has been canceled.— (V. 86, p.287.)
128
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 , & c . , s e e n o te s o n fir s t p a g e
]
D a te
M ile s
R oad B on d s
Par
V a lu e
A m oun t
O u ts ta n d in g
Toledo Peoria & Western— 1st 11 (lor $5,000,000) F vo
$ 1,000 $4,895,000
230 1887
To I Riverside— 1st II g red 102 Yt to March 1909 text.
1902
1,000
150.000
Toledo Saginaw & Muskegon— First mortgage...........
"96 1888
1.000
1,662.000
Toledo St Louis & Western— Prel stock 4 % non-cum.
100 9,952.600
Prior lien mortgage $10,000,000 gold........... F.xo&r
451 1900 1.000 &c
9.575.000
Receivers’ collateral notes $500,000 call at par after
Aug 1 1917 Series A .......................................................
451 1916
1,0 0 0
100.000
First mtge g$6,500,000 red after July 1925-Kqjto&r
451 1900 1.000 &e
6.500.000
Coll tr bonds secured by C & A stock, Ser A.CeJto*
1907
1,000
6.480.000
do
do
do
Ser B ______ x
1907
1.000
5.047.000
Freight & locomotive equipment notes Feb 29 1916
733,564
Toledo Terminal— First M $6,000,000 g Int guar.Col.x 31.27 1907
1,000
4.200.000
Toledo Walhonding Valley & Ohio— See Toledo Colum bus & Ohio River Ry
Tombigbee Valley— See Alabama Tennessee & Nort hern Ry
Tonopah & Goldfield— First M $1,500,000 g red___xo
101 1906
1,000
200,000
Tonopah & Tidewater R R .— 1st M deb stk certs g gu
1905
£500,000
Sterling bonds, guar, redeemable 105.........................
1907
£100
175.000
Toronto Ham & Buff— 1st M g $40,000 p m -.A B .zc*
1,000
84 1896
3.280.000
Equip gold ser A due575,000 s-a (V,96.p.361)Ce.x
1.000
1913
900.000
Consol 1st M $10,000,000 sk fund guar__________ Or
1916
1,000
2,000.000
Trans-MlsslssIppi Term Co— 1st M sf red 105 Gyc*r*
1914
100 &e See text
Note Issue $4,250,000 auth gold call 101................ Eq
1914
1,000 4.250.000
x
R a te
%
4 g
5 8
W h en
P a y a b le
J
M
J
3M g J
6
4 e
4 g
2-4 g
5
4K
[V o l . 104
&
&
&
&
L a s t D iv id e n d
a n d M a t u r it y
J July 1 1917
Amer Exch Nat Bk. N Y
S Mch 1 1927
OhloS Bk&Tr Co, Toledo
All owned by Grand Tr’k
J July 1 1918
Oct 16 ’ l l . 1% Checks mailed
J July 1 1925
Office 60 Wall Street, NY
F & A Aug 119181
A & O Apr 1 1950
F & A Aug 1 1917
F & A Aug l 1917
Various To 1921
g M & N Nov 1 1957
J &
A &O
M &
J &
4H g F &
F &
5 g
J &
5
M &
6 g
6 g
t *
P l a 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 l e
J
15
S
D
A
A
J
N
Jan 1921
July 1 1960
July 1 1960
June 11946
Aug ’ 17-F eb ’23
Aug 11966
July 1 1944
Nov 1 1917
do
do
Aug '14 coupon not paid
do
do
Columbia Tr Co, N Y
Land Title & Tr Co, Pbila
Glyn,Mills,Curr&Co,Lon.
Lincoln Nat Bank, N Y
New York
Office, 165 B ’way. N Y
Or at end of receivership.
TOLEDO SAGINAW & MUSKEGON RY.— From Muskegon, Mich., to
Ashley, Mich., 95.91 m. The Grand Trunk of Canada owns the $1,600,000
stock. Bonds have a traffic guaranty. V. 71, p. 85; V. 72. p. 338.
Y e a r e n d in g — G r o s s .
r
O ver. D e f.
I n terest.
O th er C h g s .
D eficit.
June 30 191 6 ...$ 19 7 ,8 54
$64,181
$83,100
$33,025
$180,614
June 30 1 9 1 5 -.. 172,121
92,978
83.100
36,372
212,450
June 3 0 1 9 1 4 --- 172,957
98,813— (V. 71, p. 31, 859.)
TOLEDO ST. LOUIS & WESTERN R R — Owns road from Toledo to
East St. Louis, 451 ra. (mostly 75 & 80-lb. steel rails); sidings, &o., 175 m.;
also has trackage to St. Louis and Toledo Union depots. Owns Jointly
with the Grand Trunk Western R y. all the stock of the Detroit & Toledo
Shore Line R y., Detroit to Toledo, 48 miles, Jointly guaranteeing Its 4 %
bonds: present Issue $2,918,000. V. 76. p. 655.
ORGAN’N.— Successor of Tol. St. L. & K. C. (foreclosed); V . 70, p. 1196.
In Aug. 1907 acquired control of the Chicago & Alton, viz., $6,480,000
preferred and $14,420,000 common stock. See B o n d s below.
RECEIVERSH IP.— On Oct. 22 1914 Pres. W . L . Ross was appointed
receiver. V . 99, p. 1216. In Jan. 1915 foreclosure suit was brought under
collateral trust mortgage. V . 100, p. 231.
In Oct. 1916 tho receivers sold $100,000 6 % collateral notes (part of a
$500,000 Issue authorized in July 1916) secured by pledge of $714,000
(50% ) of capital stock of Detroit & Toledo Shore Lino RR. and by a gonoral
lien on the receivership estate subject to tho Prior Lien and First Mortgage.
V. 103, p. 1594; V. 102, p. 1810; V. 100, p. 1511, 1350; V. 101, p. 132.
PR EFERR ED D IV ID E N D S .— 1907 to Oct. 1911, 4 % ; none since.
V . 93, p. 1669. Common stock, $10,000,000; par, $100.
BONDS.— Of the prior lien 3 R s, $425,000 was In the treasury June 30
1915.
Additional first mortgage bonds not to exceed $10,000,000 may be
Issued at any time to retire the prior lien bonds. Tho collateral trust bonds
secured by Chic. & Alton stock are limited to $12,000,000, Series A being
Issued In exchange for C. & A.pref. stock,$ for $, and Series B (bearing lnt. at
2 % to July 31 1912 and 4 % thereafter) In exchange for C. & A . com. stock
on the basis of $35 In bonds for $100 stock, but the bonds of both serlesaro
equally secured by the deposited security. V . 85, p. 1647; V . 86, p. 1468.
The Aug. 1914 Interest was defaulted. V . 99, p. 199.
P r o te c tiv e C o m m itte e f o r S e r . A a n d B C o lla t. T r u s t B o n d s . — Edwin G .
Merrill, Chairman: G . K . B . W ade, Sec.; Union Trust C o ., N . Y ., deposi
tary. In Oct. 1916 the certs, of dep. for $4,559,000 “ A ” bonds were listed
on the N . Y . Stock Exchange. V. 101, p. 1208; V. 99, p. 344, 408, 1301,1675,
C o m m itte e f o r 1st M . B o n d s . — Alvin W . Kreeh, Chairman; O. 8. Herring,
Sec., 37 Wall St. Deposits not yet requested in Oct. 1916. V. 100. p.1753
C o m m itte e fo r P r e f . a n d C o m S to c k . — Jules S. Bache, Chairman; E. P.
Goetz, Sec.; Empire Trust Co., N . Y ., depositary. In Dec. 1916 certs, of
doposit for over 8 5% of the common and pref. were on list of N . Y . Stock
Exchange. V. 99, p. 1750, 1911; V. 100, p. 142, 310, 902, 1080, 1259, 1673;
V . 103, p. 2239.
E A R N IN G S .— 6 m os.,11916................ Gross, $3,110,255; net, $954,343
July 1 to Dec. 31.
\1915__............Gros>. 2,794,633; net, 864,459
REPOR T.— For year ended June 30 1916 w
i V.U03,'p. 1589.
1915-16.
1914-1
1913-14.
1912-13.
Gross earnings...................S5.643.365 $4,636,Q59 $4,588,121 $4,335,167
Net earns, (after taxes). $1,808,438
$888,923 $1,245,139 $1,255,405
Other Income.................
75,245
110,808
*343,166
66,361
Total income...................$1,883,683
Interest on bonds______ $1,056,205
Hiro of equipment_____
444,610
Other int., diset., & c - - .
73,699
$999,731
$1,056,205
402,382
89,050
$1,588,305 $1,321,766
$1,055,517 $1,046,918
349,161
159,022
65,321
52,063
Balance______________sur$309,169 def$547,906 sur$118,306 sur$63,726
D IR ECTO R S.----------------------------- - (Chairman), John Hubbard, T . P.
Shonts, E. J. Berwlnd, Clarence Brown, Spencer D . Carr, Colgate Hoyt,
W m . Shillaber, Frank H . Davis, J. S. Bacno and James Steuart MacKlo;
W . L. Ross (Pres.). Office, 60 Wall St., N . Y .— (V. 102, p. 1812; V. 103,
p. 1589, 1594, 2239.)
Pres., M . B . Cutter; Sec., W m . F . Henshaw. Bullitt Bldg., Philadelphia.
— (V. 99, p. 1675; V. 101, p. 1465, 1547, 1887; V. 103, p. 1509, 1882;
V. 104. p. 164.)
TONOPAH & TIDEWATER RR. — Owns Ludlow, Cal., on the Atch.
Top. & Santa Fe, to Beatty, Nev., 168 miles; extension proposed to Tono
pah, Nev., 110 miles.
Stock auth., 51,500,000.
The debenture stock
certificates are guaranteed by the Borax Consolidated, Ltd., and are secured
by deposit of mortgage and bonds issued thereunder with the Indian &
General Trust Co. Ltd., of London: redeemable at 105. V . 81. p. 1793;
V. 82, p. 753 871, 1440. In 1908 Issued £175,000 redeemable 5% bonds,
guar, by Borax Consolidated, to complete the line. V. 86. p. 722.
E A R N IN G S .— 6 m o s.,(1916.................... Gross, $268,210; net, $148,289
July 1 to Dec. 31.
(1915___________ Gross, 196,515; net,
85,160
For year 1915-16. gross, $433,939; not, $191,890.
OFFICERS.— John Ryan, Pres.; Do W itt Van Buskirk, Vicc-Pres.;
C . B. Zabriskie, Sec.& Treas.; John Ryan, Gon. M gr.— (V. 103, p. 1882.)
T O R O N T O HA M ILTON & BUFFALO R Y — Owns Welland Jet. to
Waterford Jet., Ont., 80 miles; branches, 7 m .; trackage, 4 m . (See V. 62,
voted to merge the Erie &
on Lake Erie, Ont., north
about 20 miles to Smlthvllle, of which 15 m. from Smlthville to Dunnvllle
was opened Dec. 22 1914, and also east to Port Colborno, 20 miles, opened
Dec. 22 1914. V . 99, p. 488. 1132, 1750; V. 100. p. 310, 982. Under
traffic agreement with N . Y . Cent., Michigan Cent., Canada Southern and
Canadian Pacific, interest is practically guaranteed. See V . 68, p. 475.
and adv. In "Chronicle” of Mar. 11 1899.
Stock authorized, $5,000,000; $4,500,000 stock outstanding. Control is
held by New York Central system and Canadian Pacific. V. 61, p. 753;
V . 63, p. 359; V. 68, p. 475, 1134; V. 69, p. 29. Tho $1,000,000 2d M .
bonds were cancelled in M ay 1916 .and a liko amount of stock Issued. Tho
proprietary companies in 1916 purchased $2,000,000 Consol. 1st M . bonds.
In Oct. 1912 $1,000,000 additional stock was issued for impts., a cash divi
dend of 20% being paid on the $2,500,000 stock. On Dot. 1 1913 1 'A %
(quar.) was paid; 1914, Jan., April and July, 1 )4 % ; nonesinco to Jan. 1917,
wnen 1 M % was paid. V. 100, p. 310.
The Consol. 1st M . bonds ($10,000,000 auth.) are a first lien on tho formor
Erie & Ontario Ry. at $45,000 per mile, and a third lien on tho remainder of
the property, to provide for betterments, refunding, &c. V. 101, p. 528;
V. 99. p. 1750. Tho Michigan Central RR. Co., Canada Southern Ry. Co.,
New York Central RR. Co. and Canadian Pacific Ry. Co. join in a guaranty
of the interest thereon and provide for sinking fund In proportion to their
respective interests therein. See V . 101, p. 1975, and Can. Pac., V.103.P.
1508.
319.)
stockholders on Nov. 22 1914
8.ntario R Theextending from Port Maitland
y.,
C a le n d a r
Y ear—
G ro s s
N e t (a f t e r
R ev en u e.
T a x es ).
O th er
C h a rges,
In com e.
A c.
P r e fe r r e d
D iv i d e n d s .
B a la n c e
S u r p lu s .
....................... $322,812
1915____ $1,404,320 $492,185 $132,094 $301,466
1914____ 1,335.672 355.390 149.957 284,054 (3% )$105,000 116,292
— (V. 101, p. 528. 924, 1975; V. 102, p. 1626; V. 103, p. 845.)
TRA NS-MISSISSIPPI TER MIN AL C O .— Now Orloans terminals,
opened Feb. 15 1916. Toxas& Pacificand St. Louis Iron M tn. & Sou. each
own one-half ($100,000) of tho stock of the Trans-Mississippi Tormlnal R R .
Co., successor to tho Trans-Mississippi Terminal C o., and Jointly guarantee
rin, and
bonds. Of
E been int. not exceeding $7,500,000of $4,250,000tho bonds, $6,071,000
avo
deposited to secure an issue
6% 3-year gold notes
dated Nov. 1 1914. All notes outstanding. Pres., J. A. Shepherd.— (V.
102, p. 977, 1347.)
TRANSYLVANIA RR.— Hendersonville to Lake Toxaway. N. C.. 42
miles. Leased to .Southern Ry. for 50 years from Jan. 1 1906 at a rental
of 525.000 yearly for 10 years and S30.000 thereafter. V. 83, p. 97.
Stock authorized, $420,000. Bonds, see table. (V. 87, p. 814.)
TRAVERSE CITY LEELANAU & MANISTIQUE R Y . — Owns Hatchs
TOLEDO TERMINAL RR — Owns belt road, 28.77 miles (Including two to Northport, M ich., 24 miles. Trackage Traverso City to Hatchs, 6 m .
bridges), with 2 !4-mlie branch to terminal station; total, 31.27 miles.
total, 30 miles. A reorganization Sopt. 19 1908. V. 86, p. 975; V. 87, p.
ORG ANIZATION.— Controlled by nine roads. V. 84, p. 130: V. 85. 814. Stock auth., $278,000. No bonds Fob. 1917. Year end. Juno 30
1916, gross, $33,878; net Income, $6,557; rentals, chargos, S ec., $10,602;
p. 100, 347, 1402; V. 86, p. 170.
Stock outstanding, $4,000,000. Of the $6,000,000 new bonds, $4, def., $4,013. Car trusts outstanding, $6,941.— (V. 87, p. 814.)
200,000 have been issued and $100,000 held in treasury.
V . 99, p. 1216.
TRAVERSE CITY RR.— Owns road from Walton to Traverse City,
The Pore Marquette and Cincinnati Hamilton & Dayton each guarantee M ich., 25.86 m. Grand Rapids & Indiana owns nearly all the 5205.000
payment of 16.12% of the interest on the bonds, and the Hocking Valley, stock and all the 5190,000 of 5% Income bonds V. 78. p. 1448. For year
Pennsylvania C o., New York Central, Mich. Central, Tol. St. L . & West.., ending Dec. 31 1916. gross. $74,065; not, $6,940; other Income, $182; int..
Grand Trunk Westorn, Hocking Valley and Toledo & Ohio Central. 9.68%
&c., $10,182; bal., def., $3,000.— (V. 87, p. 814.)
each. Earnings 6 mos. to Dec. 31 1916, gross, $276,220, against $261,032
in 1915; net, $120,139, against$126,265. For year ending Dec. 31 1915,
TREMONT & GULF R Y. — Owns Tremont to Winnfield, L a., 48 miles;
gross, $478,029; net, after taxes, $202,365; other income, $137,910; charges, Menefee to Rochelle, 18.47 miles; total, 66.74 miles. Stock authorized.
$277,735; bal., sur., $62,540. Pres., A . B . Nowell.— (V. 94. p. 1764; $5,000,000; outstanding. $2,000,000; par $100. Of tho bonds ($5,000,000
V . 98, p. 309; V. 99, p. 1216.)
auth. Issue), redeemable In whole or part on and after Feb. 1 1918 at 105
TONOPAH & GOLDFIELD R R .— Owns Tonopah Jet. via Tonopah to & lnt. tho $3,450,000 unissued are reserved for extensions at not over
Bullfrog Jet., N ev., 89 in.; trackage, 9 m .; branches, & c., 12 m. V. 82, p. 80.
$30 000 per mile, for Improvements, &c., under restrictions contained In the
DIVIDENDS—
1906.
1907.
1908-11.’ 12.
’ 13.’ 14.mortgage. V .8 8 . p. 1314. For yoar 1915-16, gross. $302,890; net, $120,
1915
441; int., taxes, &c., $101,563; Improvements, $20,201; bal., def.. $892,.
Common stock (51,650,000)-- 27%
10% None
3 7>$
7
10)4
For year 1914-15, gross. $212,681 agst. $217,490 In 1913-14; net, $62,824
Pref.stk (7% n.-cu., 5500.000) 27%
10% None
7 7
7
agst. $34,449. l’ res., J. S. Joyce, Chicago; Sec., Frank P. Stubbs Jr.,
A sinking fund retires 6 2-3% of bonds annually Jan. 1 (drawn by lot), Monroe, La.— (V. 88, p. 1314.)
entire issue subject to call at 102)4; retired to July 1 1916, $850,000.
V . 82, p. 806.
TRENTON DELAWARE BRIDGE CO.— Owns bridge 0.19 miles In length
E A R N IN G S .— 6 m o s .,11916.................... Gross, $321,907; net, $116,174
Leased June 20 1877 to Deo. L 2870 to Penn.RR.; rental, 520,000 yearly
July 1 to Dec. 31.
11915....... .............Gross, 349,480; not, 151,873
and 66 2-3% of taxes. Stock, 5298,900.
R EPO R T.— Report for year ending June 30 1916,' in V. 103, p. 1882.
T R I N I T Y & BRAZOS VAL LEY R Y . — Owns Cleburne to Houston
J u n e 30.
G ro s s
N et
I n t ., S . I '. , P r e f. D io . C o m . D io .
B a la n c e
Tex., 235.5 m .; Teague to Waxahachlo, 67.32 m .; traekago at Houston
Y ear— E a rn s.
I n c o m e . R e n ta ls . A c .
(7 % ).
(7 % ). S u r . o r D e f .
12.59 m .; total, 315,41 miles. On June 16 1914 J. W . Robins was appoln
1915-16 -$681,781 $303,943 $113,759 $35,000 $115,500
sur.839,684
1914-15 . 682,714
304,331
146,024
35,000
115,500 sur.$7,807 ted r e c e i v e r , the int. on bonds due Jan. 1 1914 being In default. V.98,p. 1921
F e b ., 1917.1
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 , tfee., s e e n o te s o n fir s t p a g e .]
M ile s
R oad
Transylvania— First mtge gold 5500,000 ____ Q.xo’ &r
42
Traverse City RR— First mortgage gold...................... z
26
Trcmont & Gulf— First mtge gold red text___IC.xc*
67
Trenton Delaware Bridge— First mortgage__________ x
Trinity & Brazos Val— Kq tr bds gu (text) call 101-Gx
Troy & Green bush— Stook 7% rental New York Cent
6
Tuckerton RR— 1st M ext 1910 red 1920 at 105____ o»
29
Tuscarora Valley— First mortgage 5150,000 gold____
27
Ulster & Delaware— Cons M for 52.000,000 g.Ce.xo*
101
•Refunding mortgage 53,200,000................. G.xo'&r
Unadilla Valley— First M 5200,000 gold redeem at 110
19
Underground Electric Railways London—
4 W ' o bonds £3,000,000 callable at-par (see te x t)..
—Central London Ry trust ctfs £3,000,000 guar 4 % . .
•First oum 6 % deb (Income) stock call at 125...........
Income bonds 0 % non-oumulatlve oall at par---------Three-year notes___________________________________
--Capital stock (full paid)..... ......................... .............—
—
’ •A” Ordinary shares of 1 shilling each£60,035-----Met DIst and Lon El Ry pow house 4 % rent chg stk
___
Union Pacific RR— Common stook 529t),178,7U0-----•Pref stock 4 % non-cum 5200,000,000 (V 80, p 1364)
•First M g ry & land grant 5100,000,000 g ..........Bax 2,090
D a te
B onds
1906
1883
1908
1877
1907
1,000&c
1,000
1,000
1,000
1,000
50
500 &c
1880
1 .0 0 0
1897
1,000
1888
1,000
1902
1904 1,000 & C
£ &o
£10
1 shilling
.1897
100
100
500 &c
p#
TROY & GREENBU 8 H RR.— Owns from Troy to Rensselaer 6 miles
double track; leased to the Hudson River RR. Co. In 1851 at 7 % ’on r>75
000 stock. The lease was assumed by the N . Y . Central R R /o n coM oV
dation Dec. 23 1914.
TUCKERTON RR.— Owns Whitings Station to Tuckerton, N. J., 29 mStock authorized, common, * 125,000; pref., 5500.000: outstanding
mon, $106,
$93,823;
Richard
Tuckerton.
TUSCARORA VALLEY RR.— Port Royal to Blair’s M ills P a
97 m
(3 ft.). Stock issued, $150,000; par, $50. Loans and hi 1Is navahtnTn ,n 3 0
k i r : - < 7 6°67. pY ia 2 .)15*16, grOSS'
V
i6
M
(THE) ULSTER & DELAWARE RR.— Owns from K i n g s t o n P o i n t t o n
Hudson River). N. Y ., to Oneonta, 107.03 miles, with branches a total of
128.88 miles. V.74. p.42. Stock. 53,000,000; outstanding 51 ^9 0 6 0 0 0 -nar
5100. As to refunding 4s of 1902, see V . 75, p . 6 6 7 ;V. 79,’ p . 153. P *
31°S' ’ {1915.................. Gross, $576,412;
net, $126,460
July 1 to jjcc. ,il.
11910----------- -.G ross. 592 sai* not
184 fi7 «
Y e a r s e n d . J u n e 30—
C ross.
N et.
o th In c In t T a r* A c R a i p u r
1915-16.............. ............ $1.025,638
1914-15 ......................... 1,033,734
$269,770
72,601
$79 586
,58b
S255 fi06
S25° '666
SoVtiQfi
$93,690
— (V^IOL P.'l32.‘ 371. / '07fl,21?
200’601
337465
2l6746‘6'
237620
UNDERGROUND ELECTRIC RYS. CO. OF LONDON I TD — O p e r a t e .
1 0 2 miles of double-track underground and surface elec trio road, viz?:
Tube Co.— Stock mostly owned, London Electric Ry
*
"no tr
Surface— Majority stock owned, London United Tramwavs
iontl
Tunnel— Leased, maj. stk. owned, Met.Dlst.Ry . (3 H m . owned jointly)28
O R G A N IZA T IO N .— The company was registered April 9 1902 under
English Cos. Act and undertook the electrification of the Met Dist Ry
(now controlled and leased). and also became largely interested In three tu b e
which were amalgamated In July 1910 as London Electr?c Ry
In 1908 finances were readjusted per plan In V. 8 6 , p. 1 0 4 4 - y . 87 d 347
In 1912 Important changes were made In the capitalization of tile com
pany and Its subsidiaries In connection with the purchMe of control of the
L °J? ? ? n , ? e n e r ? 1 Ginn Ibus Co. (V. 94. p. 352. 417*; V? 95 p 1 1 2 382 478?
of the*Citv”
onthf‘r°n l\y - ( X - 9 5 \Pu k 4 2 { V p- 288.' l'i fi s 'u .e merger
n 1542? V q/ 7, «nn tdo? ? y . with the London Electric Ry. Co. (V. 9 5 ,
wavs Co xm P . London)i’j^ud , ',V merger of, tho Metropolitan Electric TramU
n in
U
,
tramways Co. as London Suburban Traction
iAVJt ' L '
ool,nK agreement 111 1910, see V. 102. p. SOI 1541
1 9 ^ 94 7 ^ X 7 9 7n™ m U re“ t charge stock. see V. 92, p. 1637: V. 93. p!
8iB
13'?n Am % 214 £700 o n n ^ 8 h?yem votes for ea7h *100 principal
n
1
sJs»&
JSi!»affii25 2g is.iiir’v'naK
8. £
5
tsssrJoo's.fia?.
IN T . ON IN S e p t. ’ 10.
COMES ...1 h of 1 %
C a p ita liz a tio n
O p e r a tin g
1 "ta t
C o s .—
Issu ed .
London El. Ry.-i
1911. M c h . ' 12. S e p t. ’ 12.
1913 to 1916.
1* %
1%
2%
6 % yearly.
o f S u b s id ia r y C o m p a n ie s .
ou n ea by
O n e r aiin n
O p e m tin g
T o ta l
O w n ed by
P a ren t C o ,
—
Issu ed . P a re n t C o.
£
Eon.Suburb.Trac.— £
£
Ordinary stk. 9,450,008 8.962,850
4 % pref. stk 4,862,330
650.713
4 % deb s t k ,.4.191.106
681.427
Olty fi S. Lond.
Ordinary
..1,4 8 0 ,0 0 0 1,460.360
Pf.5% stks
850,000
- - .
Per. 4 % deb 681,829
412.000
Ordinary s tk .sl.842.785
5% pn;r. stk 1,597.4 8 5
Deb st k 4 y , % 180.976
, ’ A 5 % ---- 350.000
t,on.V .;L r-4 % 1.649.930
M et. 101.Tram. 813,219
(Int. 6 % and 4 K % .)
434.000
250.000
1.550.000
311.000
50.000
275.000
100.000
150.000
2,000,000
1,000,000
5 g
3 g
200.000
5
7
0 g
7
5
5
6
4
4
g
g
g
g
4M
4
1912
1908
1914
—
R a te
£ &c £1,832,400
1907
Colorado Southern and Rock Island Ca. each own half interest In stock
(the Rook Island’s Interest being subject to the lien of the Colorado & South
ern mtge.), and the Colorado <c Southern Ry. Co. and the Chicago Rock
f
Island * Pao. R y. Co. agreed to advance to the Trln. < Hr. Val. any
fc
necessary funds not otherwise provided for. The Chlo. R . I. & P Ry Co
also agreed to pay for, on May 1 1935 (dato of maturity of Col. & Sou.'
refunding and extension mtge.), one-half of the 1 st mtge. bonds and other
securities of the Tr A R. V. Ry. V. 80. d . 1423. 2622: V. 82. p. 930. 986.
V* 99, p. 1529. This latter obligation has boen disavowed by receivers
of the Ch. R . I. & Pac and In Dec. 1916 the Colorado & Southern Ry. Co.
brought suit to enforce payment. V . 103, p. 2429; V . 100, p. 2087; V. 102,
p. 885.
Owns one-quarter Interest In Houston Belt & Term. R y. and practically
entire stock of Galveston Term. Ry.
Stock, 5500.000; par, 5100. In Aug. 1905 made a first mortgage, to
secure 30-year 6 % bonds due 1935 at 530,000 per mile, all to be deposited
as Issued under Col. & South, refunding mortgage; outstanding June 1915,
$8,760,000. Cert-’, of Indebtedness to Col & Southern and Chic. R. T. &
Pacific Ry. June 30 1915, $7,986,741 6 s and 4 J h; working liabilities
-£
$4,339,236. The 5 % equip, bonds of 1907, subject to call a tlO lT mature
$25,000 semi-annually, and aro guar. Jointly, p. & I., by Col & Sou and
Chic. It. I. & P. V. 84. p. 509.
Receiver of Chic. R . I. & P. l3 not navlng
or
Srin. 30 Int. on account of that company’s guarantee. eOther e a r t r u s t s
uno
1914. $411,842. In 1915-16. gross. $ 9 1 2 ,8 0 1 ;d f.?$?96?358.
For year 1914-15, gross. $980,592:op. def., $61,575: other income * 9 4 k4 7
Int. on bonds. $525,600; rentals and other charges $«nq 9 1 9 - h^l def
$1,171.640.— (V. 98, p. 1921; V. 99, p. 271. 15291 V. 100, p ! 2087; V. 1011
E^lulv^ ^ D e c
A m oun t
O u ts ta n d in g
Par
V a lu e
741,324
151.986
.....
............
.
1 to 6
1.273.000
6.330.050
1 to 6
£700,000
4H
5,000.000
59,948
£2,250,000
222,291,600 8 In 1916
99,543,500 4 In 1916
100,000,000
4 g
O p e r a tin g
C o s .—
1^9
W h en
P a y a b le
J
F
F
J
A
J &
J
J
J
A
J
L a s t D iv id e n d
a n d M a t u r it y
J Jan 1 1956
3 Jan 1 1933
A Feb 1 1948
&
J July 1 1917
&
O To Apr 1917
D 15 Dec 15 ’ 16, 3H
&
J July 1 1930
&
J July 1 1917
&
D June 1 1928
&
O Oot 1 1952
&
J Jan 1 1934
T o ta l
Issu ed .
Guaranty Trust Co, N Y
Winslow. Lanler&Co, N Y
New York and Chicago
Office, Penn R R , Phila
Guaranty Trust Co, N Y
Troy, N Y
Camden (NJ)S D & Tr Co
July 1913 coup last paid
Central Trust Co, N Y
do
do
Bankers Trust C o, N Y
&
&
&
J &
J Jan 1 1933
M &
S
Seml-an 1945
Seml-an Jan 1 1948
1917
J & J
A
J
P l a c e s W h e r e I n te r e s t a n d
D iv i d e n d s a r e P a y a b l e ,
N Y , Lond, & o
Amsterdam
3 % pd 6 mos June 1916
3 % pd 6 mos June 1916
London
See text
Q— J
Office, 165 B’way, N Y
& O Apr. 2 1917 2 %
do
do
& J July 1 1947
do
do
O w n ed by
O p e r a tin g
T o ta l
O w n ed b y
P a ren tC o.
C o s .—
Issu ed . P a ren t C o.
£
£
£
£
London Gen’l Omnibus Co—
aMetrop.Dis.Ry
Ordinary stk ml .600.480 1.600.480
Ordinary stk.3,235,000 1,781,500
4 H % 1st deb. 978.782
1st pf. stock.hi ,500,000
y90,000
5% cum. Inc.1.000,000
2d
do
k 1,470,000 1,470,000
(?)
Central London—
3 % rent ohgez2,116.666
............
Ord. stock ,n 1.698,336}
______
4% rent chge. 350,000
............
Def. ord. stk. p660,832f
............
Prior lien 4 % . 700,000
_______
Pref. ord. stk. r650,832J
- .........
Deb. stk. 6 % . l , 211.625
............
(Over 75% of above £14,000,000 has
Deb. stk. 4 % . l , 437,500
............
been exch. for 4 % guar, stock.)
Pf. 4 H % s t k . 430,000
............
Deb. 4 % ($1.
086,000) — 926.000
............
y Has a vote also on £537,351 on which holders have ceded their vote In
consideration of scaled dividend guaranty, z No vote, a b Underground
Co. has vote on (a) £3,878,851 out of £6,205,000, and (b) £1,032,470 out of
£2,250,000 voting shares, h Of the £1,500,000 first pref. (originally 5 % )
stock of Met. Dist. R y., £962,649 is now 4 K % stock (on this in year 1911
a total of 4 H % in divs. was paid) and £537,351 (stamped “ assented” ) ,s
guar. 3 H % Int. by Underground Elec. Rys. of London. k 2 H % p a i d
for half-year ending Dec. 31 1914. m 16% paid for 1913. n 2 X % paid In
1914. p 1 « % paid In 1914. r 4 % paid In 1914. s H of 1% paid for 6
mos. ending June 30 1914.
R EPO R T.— Annual report was in V . 101. p. 1245, 1541.
C a le n d a r
Y ear—
T o ta l
F ix ed
In com e I n -
C . L . R y.
B a la n c e ,
R eceip ts.
In te re s t.
te r e s t (6 % ). A s s ’ d S to c k . S u r p lu s .
1915...................£707.370
£126,752
£515,111
£26,931
£38.576
1 9 1 4 - - ......... .. 673,830
110,434
487.923
37,031
38.442
lit. Hon. Lord Geo. Hamilton, G .C .S .I., Chairman; Sec., W . E . M andelick. Offices, Electric Railway House, Broadway, Westminster. Lon
don. S. W .— (V. 102, p. 801, 887; V . 103. p. 494.)
UNION PACIFIC RR.— (-See M a p .)— System July 1 1916,8.069 m .,v iz.:
L i n e s O w n ed D ir e c tly —
M ile s .
C o n tr o lle d — P r a c t i c a ll y O w n ed —
Council Bluffs to Ogden________1,000 •Ore. Short Line R R _________ a2,130
Kansas City to Denver................ 639 Ore.-Wash. R R . & Nav. C o ..a l,9 2 9
Denver to Cheyenne___________ 104 Des Chutes R R .. &c ................
123
Lasalle, Colo., to Julesburg
152 Trackage______________
240
Other branches, &c___________ 1,673 Jointly owned________________
79
a See these companies.
* Also owns one-half Interest In the Los Angeles
& Salt Lake Ry. (recently San Pedro Los Angeles & Salt Lake), which see.
H ISTO R Y.— Incorp. In Utah In 1897 per plan of Oct. 15 1895 (V. 61. D.
704. 705, and V. 04. p. 424: V. 66, p. 618: V. 67. p 790.)
Under the modified plan for the sale of the Southern Pacific stock ap
proved by the U . S. District Court June 30 1913 (V. 97, p. 60). $38,292,400
of the Southern Pacific Co. stock was on July 16 1913 exchanged for the
entire holdings of $42,547,200 Baltimore & Ohio stock (one-half pref.) of
the Penn. R R . The remaining $88,357,600 So. Pac. stock formerly owned
was deposited with a trustee, which issued certificates of interest in the
stock, certificate holders to have no voting rights and receive no dividends
until they exercised the option to convert their certificates into So. Pac.
Co. stock, after first making affidavit to the effect that the applicant owned
no Union Pacific stock and was not acting for any stockholder thereof, or In
the interest of the Union Pacific. In 1916 reported net profit of $16,099.
290 from sale of Southern Pacific Co. stock.
U. 1*. stockholders In 1913, under an offer, which was underwritten. sub
scribed for $84,426,700 of said $88,357,600 certirs. of Interest at 92. See V.
97. p. 177, 445, 662, 730. 1288, 1904; V. 99, p. 895, 1675; V. 95, p. 1543.
SECURITIES O W N E D .— On June 30 1916 tho company and Its sub
sidiaries held unpledged except as below shown: (1) In affiliated companies;
(a) stocks, $39,162,479; (b) bonds and notes. $41,665,744; (2) In outside
companies’ stock, $09,528,647; and their bonds, notes and equipment
trusts, $110,291,300.
S o m e o f P r i n c ip a l S e c u r itie s O ion ed a s F o r e s a id J u n e 30 1916 F a c e V a lu e .
B.
& O. RR. com. & pref- $6,300,027
N . Y . Cent. R R . stock_x$20.000,000
-Bonds & equip. 4 H s - . 6,511,000
Ref. & Impt. M . 4J4s- 3,000.000
C. & Alt. RR. pref. stock. 10,343,100
Convertibfe 6s________ 8 , 000,000
Gen. Mtge. 6s ($8,N o. Pac.— Gt.Nor.Jt.4s. 4,132.000
417,000), &c_______
9,614,000] Penn. RR. & Penn. Co.
C . & N . W . Ry. com. stk. x4,018,700!
Various bonds, &c____ 10,600,000
Gen.M.($4,500.000),&c. 5,147,000 J
So. Pacific Co. 4s, 1949- 6,399,000
Ch.Mil.& St.P .liy.pref.. xl,845,000! San Fran. Term. 4s____ 6,000,000
Sundry bonds-------------- 4,975,000 So. Pac. RR. 1st ref. 4s_ 14,568,000
Illinois Cent. R R .stock.y22,500,000, Los.Ang.& Salt L.RR.stk. 12,500,000
Joint Ref. 5s ($5,
1st M . 4s of July 1 1961z28.526,000
000.000). &c_______
5,128,000 j Union Pac. Coal Co. stk. 5.000,000
R R . Secur. Co. stocks.. 5,421,820
1st Mtge. 5s (out of
St. Jos. & Gr. Isl. Ry.
$ 5 ,0 0 0 ,0 0 0 ).............. 2,473,000
1st pref. stock------------ 4,558,850 1Utah Light & Tract. 5 s .. 11,864,000
do
2nd pref. stock 3,309.079 I
do
com. stock 4,239.7001
x y z Oregon Short Line Mtge. covers all of Items, “ x " $8,700,000,
and also of “ y ” $27,577,000, and “ z ” $28,526,000.
STOCK.— In 1901 common stock was authorized to be Increased by
*100,000,000, to provide forconversion of First Lien 4s, and on June 15 1907
hv *100,000.000, of which *42,857,200 to be reserved for conversion of the
$75,000,000 4s of 1907; balance for future requirements. See BONDS
below. V. 82, p. 127): V, 84. p. 1115: V. 85. p. 1587.
DIVS.—
I 00.
01 to ’04. '05. ’06. ’07 to 13. ’ 14. ’ 15. ’16.
’ 17
Common (?'„) I 3 M 4ycarly. 4 ‘-S 8 10 yearly. 9
8
8 2 ,2 ,-,Extra__________________________________ _____ ________ _________ 2 % f i
In Jau. 1917 paid 2 % and 2 % extra and April 2% and J j% extra.
There was distribute'! on July 20 1914 out of accumulated surplus profits
the holder of each share of com. stock 12% In Balt. & Ohio pref. and
22>$% of B. & O. com. held in the treasury and also $3 per share in cash,
payment of which was deferred because of two suits brought by pref. stock-
ifedicln* Hat'
»o ita g e
p ta in ?
rfSgajom
^ e U in g b j^ -
■ co
iiu rtea
- e th b r id g e
—
Y a n g ard
y ta.tiCCa
B o ttin e a u '
P a c ific J c .
*•*7 ^ *1
NAHCOT-T(f.
il v /a c o J
£
-/VTilliston jiinSt
V u ier
E.*-aui»
-O ®
1
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g u g p jg
'K i w r V N J ' ' ' O
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P o r t B e n to n
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I CHEHALIS
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<
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^IlGrandTor)
S h e lb y
Kalispej]
w
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8 A5E80£
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/V.l* J.
jdora
(ELENA
■ *a U V ty J
*f
,
IJcVxrV.
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ly ln o n ^
9
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cjmhom'
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-
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w
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l8*aviUe
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s'- | ------ ^ C r a w fo r d
^1^75
„
M e ir o p o ll,
S p r in g s
Valentine*
^
m em u cca ^
►
<
Cham berlain!
D o u gla s
P o w d e r K lr e r "
>
M itc h e ll,
-^ T T R a p id C it y
N e w c a s tle
>
55
O
I P a lis a d e
<$}?
■O
< M?5
0
••OLTEI^C'
^ O V O i/I K e
R M hhhui
WA.UM FOC<*
C
'D E N V
;
P|° C H e <*
c* u e m t £
>W a g n e r
AJ ora'
F
jT
\ Shule\£,
k iancha
O
{B r o w n
Co\°\
° P a ro w a n
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iN .C re e d e ]
O rd e r v ill#
D ran
u go!
'•o f
a *:
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w
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UNION PACIFIC SYSTEM
A la m o s a }
igoton*
T rln ld a fV ;
A n ton ito/
R a to n '
rmn
o-
« rfTHOMAS
A id e n ,
Calada^
Sanyo*
Gallup
Y oa
:Mn rch * U «
f< ‘*F
'r°m?e ^ O a
P
br
tTVoodvrard1
Union Pacific Railroad Company
Oregon Short Line Railroad Company
Oregon-Washington Railroad
& Navigation Company
I N D EX
SANTA FE.
'a n ha n d le !
'S Albuiuerquej
=
S^\E W
H o lb r o o k
B elen
~ A ~P n l
S N~ EA
o
in n Ison]
jj/tflMnA
Modena
b3
COLBY-
I s
MILFORD
|Ge/dBeld
S tton
tra
n
^noo
a as
r.Glenwood S p r in g s , —
R field
ich .
^R/«c o
< U «£ ^
0
4d|S
.c o ^ c )
/ S a lln a
‘o F o n o pa j,
% B 5 5 lW »5
C e n tra l C ity-
^ c E« « V “ ' v i & o
y - T ; U c e r v iJ ie '
n - ^ o io n e
____ V a lle y S ps.
S tu c k lo a
" s .e a t r ' x y -/
T O M m
■ Ic ls llT ’
A u stin *
r
S ^ O io e t o r /
^.-STERLING j
^Jeta
J u n ip e r
tr*
PIERRE
^Peadw ood
Jhildress
‘ la in v ie w
=
la u b le TT r*c k ! Unlon p flc i,lt System
» ■ » Un. Pac..System Lines under construction
Los Anoeles & Salt Lake R. R
St, Joseph & Grand Island Railway Co.
Camas rra id e Railroad
1915
SCALE OF M ILE S __________
<
o
r<
o
F e b ., 1917.]
131
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 , & c . , s e e n o te s o n f ir s t p a g e ]
M ile s
R oad
Union Pacific RR (C o n c lu d e d )—
Bonds redeemable convertible (text)................B a x
FlrstLIen & Ref mtge red 107 Vi beg 1918-Ea.xo* &r* 3,550
Union Station Co of Chicago— See Chicago Union Statio
U n T e r m Co, Dali— 1st M red 105 beg ’22 text.CCyc*
Un Ter of Jackson v— IstM gu duo p’t yly red-.CeCx
Union Springs & Northern— See Birmingham & South easter
United N J RR & Canal Co— Stock 10% guaranteed..
General mortgage of Loan of 1923 gold................ xr
220
1871 for $20,000. Loan of 1929 g o ld ____ xo&r miles
000
(now first Loan of 1944 g o ld ____ xo&r road
and
mortgage) FP se Loan of 1951 goldguar------ x
cures all equally Loan of 1948 g p & 1gu.xo&r. canal
. ...
603
United RRs of Yucatan— 1st M g red 101 beg’20 sf par
Utica & Black River— See New York Central RR
Utica Chen & Susq Val— Stock 6 % guar by D L & W
Utica Clinton & Binghamton— Common stock - - - -
First mtge guar p & 1 by Del & Hud (end) — N.xo
Debenture stock____________________________ ______
Valley (N Y)— Stock 5% guaranteed by D L & W — .
First mortgage (for $500.000) ------- --------- - - - - - - F
Van Buren Bridge— See Bangor & Aroostook R R .
Vandalia RR— See Plttsb Cln Ch & St Louis RR
Vera Cruz & Isthmus— See National Railways of M exlco
59
Vermont & Mass— Stock 6 % guar by Fitchburg R R .
Bonds currency guar p & 1 by Fltcnourg K K ---------1-year notes guar by Conn River R R . ext. 1915- 16Vicksburg & Aleridlan— See Alabama & Vicksburg
D a te
B onds
1907
1908
n Co
1912
1913
n.
Par
V a lu e
A m oun t
O u ts ta n d in g
R a te
%
$500 &o $26,835,225
$ &£
65.953.000
4 g
4 g
July 1 1927
June 1 2008
Office, 165 B ’way, N Y
New York and London
Apr 1 1942
Jan T7-'27
New York and Chicago
S *
1.000
600 &c
5.000,000
228.000
100 21.240.400
1883
1889
1894
1901
1908
1910
1,000
1.000
1.000
1,000
1.000
£50 &o
1889
100
1,000
1881
100
1.000
1.824.000
6.020.000
5.646.000
5.669.000
841.000
£825.000
10
F
M
M
3Vig M
M
t g
5 g
A
4 g
4 g
4 g
100 $4,000,000
1903
1910
1915
100
649.224 3 tf
800.000
200.000
750.000
400.000
100 13,193,000
1,000
50
1,000
1,000 &c
W h en
P a y a b le
% ’ 16
5
5
5
5
6
772,000
3Vi
1,000.000 10 in ’ 16
1.500.000
4K g
2.300.000
6
L a s t D iv i d e n d
a n d M a tu r ity
P l a c e s W h e r e I n te r e s t anO
D iv i d e n d s a r e P a y a b l e
Q— J Jan 10 ’ 17, 2 Vi Offices. Penn R R , Phtla
& A Feb 1 1923
do
do
& S Sept 1 1929
do
do
& S Mch 1 1944
do
do
& S Mch 1 1951
do
do
&
S Sept 1 1948
do
do
& O April 1950
Oct T 5 coup pd Mch '16
M & N Nov 1 1 9 1 7 ,3 %
F & A 10 Feb 10 T7 l k
J & J July 1 1939
J & J Jan 1 1917 2 H
J & J Jan 2 ’ 17, 2*4%
F & A Aug 1 1911
Oel Lack & Western,N Y
Owned by Del Lack & W
A &
M &
J &
A <
&
J &
53 Devonshire St. Boston
Office Treas Fitchb'g RR
Jan 1917 dividend unpaid
Safe Dep & Tr Co. Boston
In default
O
N
J
O
D
Oct 1916, 3 %
May 1 1923
Julyl 1916. 5%
Oct 1 1940
Aug 31 1916
D L & W RR, New York
Utica (N \ i City Nat Bk
New York Trust Co, N Y
holders to enjoin the same In which favorable decisions wore rendered In
July 1914. V. 98, p. 157, 238, 454, 625, 840, 914, 1246, 1394, 1539, 1847:
V. 99, p. 199, 1082.
„ UTICA CHENANOO & SUSQUEHANNA VALLEY R Y .— Owns U tica.
N . Y ., to Greene, N . Y .. 75 miles; branoh to Richfield Springs, 22 miles.
Leased to Delaware Lackawanna & Western at 6% on stock. No bonds.
im BONDS.— The
„ UTICA CLINTON & BINQHAMTON RR.— Owns Utica, N . Y .. to
Randallville, N. Y ., 31 miles. Leased during continuance of charter
and renewals thereof to Delaware & Hudson Companv, which pays rental
of $61,500 per annum. Operated by N. Y . Ontario & Western. The
street lines owned (10 miles) are leased to Utica & Mohawk Valley Ry.
for $15,000 per annum. Capital stock, $849,285 (par $100), dividends on
$200,000 of which are guaranteed by Del. & Hudson at 5% ner annum:
balance, variable— 32*% 1898 to 1912 incl.. 1913 4 % . 1914 3 M % ; 1 9 1 6 ,
and 1916, 3 H % \ 1917, Feb.. l V i % . — (V. 94, p. 1764.)
„ VALDOSTA M OULTRIE & W ESTERN R R .— Valdosta to Moultrie.
G a., 42 miles. In Jan. was sold under foreclosure of $300,000 1st M . to
B . P. Jones. V . 104, p. 258, 363. B. P. Jones, A .L. Davis and C . I.
Harrell are receivers. V . 99, p. 408. Earnings for year ending June 30
1915, gross, $59,633; net, $4,040; bond int., $15,000; bal., def., $11,960.
Loans and bills payable June 30 1915, $377,525.— (V. 104, p. 258, 363.)
VALLEY (N. Y.) RR.— Binghamton. N . Y ., to State Line of Penn.,
11 miles. Leased to Delaware Lackawanna & Western at 5 % per annum
In stook. The $400,000 1st M . 5s were purchased at maturity, Aug. 1 1911
VANCOUVER V IC TO R IA & EASTERN R Y . + N A V IG A T IO N .— In
Jan. 1917 the company’s passenger and freight terminal at Vancouver,
B . C ., to cost $500,000, was about 75% completed.
VANDALIA R R .— See Pittsburgh Cincinnati Chicago & S t . Louis R R .
1st mtge. of 1897 covers the original 1.854 miles, IncludJ
ing the telegraph, terminals, equipment and land grants. V . 66, p. 618.
Stockholders subscribed in 1907 for $73,762,000 of $75,000,000 new con
vertible 4s at 90. These are convertible at any time before July 1 1917 into
oommon stook at $175 per share, and are redeemable at the option of
the company, or on any semi-annual Interest day since July 1 1912, at a
premium of 2 V i % . upon 90 days’ notice, in which case the privilege of con
version will terminate 30 days before redemption date. V . 84, p. 1115,
1183; V. 85. p. 100, 161.
The First Lien and Refunding 4s of 1908 ($200,000,000 authorized is
sue), of which $50,000,000 were sold in June 1908, $8,402,000 early in
1910 and $7,500,000 In September, 1910) are secured by first mort
gage o d 1,466 miles of main track, including the line from Julesburg to
La Salle. Colo., and also, subject to the 1st mtge., the 2,090 miles of road
oovered thereby, making a total of 3,556 miles covered by the mtge. Of the
remaining bonds, $100,000,000 are reserved to retire the 1st 4s of 1947, the
other $34,098,000 to bo issued only for additional linos, impts., &c. V. 99;
p. 749, 818. 895; V. 86, p. 1468; V. 87, p. 546, 1012, 1541; V . 90, p. 448,
V . 91, p. 872; V. 100, p. 1834; V. 101, p. 1465; V. 102. p. 801, 1719.
Guarantees $39,401,800 Ore.-Wash. R R . & Nav. 1st & ref. 4s ($175,000,
000 auth. issue). See that co. (V. 92. p. 1437; V . 93, p. 1325.)
Eight-hour law, see V. 103, p. 1793.
----- - G r o s s E a r n in g s - ----------------- N e t E a r n in g s - ------E A R N IN G S .—
J u ly 1 to D e c . 31—
1916.
1915.
1916.
1915.
Union Pacific System .-$63,715,031 $54,020,029 $26,381,805 $22,148,671
VERA CRUZVTERMINAL.— (V. 101. p. 289, 847.)
VERMONT & M ASSACHUSETTS RR.— Road, Fitchburg to Green
field, M ass., 50 miles of double track; branch. 3 miles. Leased to Fitch
burg RR. for 999 years from Jan. 1 1874 at 0 % on stock, interest on bonds
and organization expenses.— (V. 79, p. 2589.)
VERMONT VALLEY RR.— Owns Bellows Falls to Brattleboro, V t., 24.7
miles. Controlled by Connecticut River R R ., which owns practically entire
stock, and was operated by Boston & Maine as agent under lease of Conn.
Net revenue................ - ....................... W ? ’§ ! $ ’£3Z *30,180,106 $31,626,214
Other operating Income............................J'SSU'090
1,339,581
1,083,795 River, the Vermont Valley receiving earnings over charges with a minimum
Income from investments, &c............. 11,700,753 11,903,580 16,351.924 guaranty of 4 % on stock. V . 76, p. 214; V. 94, p. 1628. Owns all the
stock of Sullivan County R R ., Bellows Falls to Windsor. V t., 26 miles. In
March 1911 acquired control of the Montpelier & Wells River, Barre and
Total income........................................ *43,483.267 $49,061,933
Chelsea R R s., incl., with spurs, 68 miles. V. 92, p. 528, 660. Dividend
Fized charges
..........- - - - - - .......... *15.090,708 $16,967,989
long 0 % . In 1904. 8 % ; 1905 to July 1916, lncl., 10% yrly. (J. & J.).
Additions and betterments---------------- 3,524,489
1,083,459
On Aug. 31 1916, James H . Hustls, President and temporary receiver
Preferred dividend, 4 % .....................- - 3,981,740
3,981,740
3,98i',740
of the Boston & Maine R R ., was made also temporary receiver of the
Common dividends............................. (8)17,783,328(8)17783.328(9) 19780,778
Vermont Valley R R ., owing to Inability to pay the $2,300,000 notes due
Balance, surplus...................................*13,487,950 $5,544,032 $9,331,426 that day. V . 103, p. 805. In 1917 the January dividend remained unpaid
but tho bond interest had been paid at maturity. V. 104, p . 258.
OFFICERS, & c — Chairman Exec. Comm., Robert 8 . Lovett; Pres.,
Bonds ($1,500,000 1st 4 H s of 19101 are secured by first lien on road 24
E. E . Calvin: V.-P s.. W m . A , Harriman, O. B . Seger and O. O. Stillman; miles, and additionally by deposit of $700,000_Conncctlcut & Passumpsic
Sec., Alexander Millar; Comp., C . B . Seger; Treas., F . V . 8 . Crosby.
................
r stock.
V . 91, p. 791.
to construct the Brattle
Directors.— Otto H . Kahn. F. A . Vanderlip, Marvin Hughitt. A . J.
.
.
River, Barre and Barre
Earling. Mortimer L . Schiff, Joseph I . Smith, Oliver Ames. W m . G . Rocke
feller , W m . Rockefeller, Robert S. Lovett,Chas. A . Peabody. Frank Trum Branch roads; these are guaranteed by the Connecticut River RR and w e r e
extended to Aug. 31 1916. V. 97, p. 1899; V. 98. p. 157. 238; V 99 p
bull .W m . Averill Harriman. W . V. S. Thorne and Robert W Goelet
1675; V. 100, p. 1919. Year ending June 30 1910, gross, $535,351; net,
Office, i05 B ’way.— (V. 103, p. 489, 4 9 4 ,1298, 1313, 1793, 2343; V. 104,
p. 560.)
after taxes, $185,620; other Inc.. $141,343; charges, $242,077; divs. (10%)
$100,000; bal., def., $15,114.— (V. 100, p. 1919; V . 102, p. 2078: v !
103. p. 240, 845.)
U N I O N T E R M I N A L C O . O F D A L L A S — Owns union passenger station
at Dallas, Tox.; to be com ^let^ about^Sept.^1916, for use by tho M o. Kan. &
VICKSBURG SHREVEPORT & PACIFIC R Y.— Delta. L a., on Mis
sissippi River, via Shreveport, to Texas line, 188 miles. Of this, 17 miles
Shreveport to Texas State Line, is leased to Mo. Kan. & Tex. till July 1925’
.
BONDS. &o.— Of the $3,500,000 general 5s. $1,323,000 are reserved
systems, each owning 12 H % of the $48,000 capital stock. Under 99-year
to take up at maturity tho prior lien 6s which were extended in 1915 to
operating contract tho company handlesithe passenger business of the afore
said companies, who discharge all Its expenses, liabilities and receive all 1940 at 6 % and $255,000 for future needs. V. 101, p .7 7 4 , 1629.
incomo. In Dec. 1915 the Trinity & Brazos Valley R y. Co. had dis
D IV ID E N D S — f ’03. ’04. ’05. ’06. ’07. ’08. ’09 to T 2. ’ 13. T 4 . T 5 . ’ 16.
continued operating trains into Dallas, but while It is not released from C om m on ------------- ( 2 V i 3 2
-------------- None-------------- 2
0
0
any of its obligations under tho operating agreement, its obligations Preferred............ - 1
--------- 5 % yearly--------- 0
----- 6 % yearly----- o
5
will as agreed, bo discharged by the remaining companies. V . 101. p. 1887.
E A R N IN G S .— 6 m os.,/1916_________Gross, $1,003,813; net, $323 849
Will cover about 1 Vi city blocks on 10 Vi acres of real estate in buslnoss
July 1 to Dec. 31. \1915................ Gross,
832,855; net, 176,709
district, with 10 parallel tracks and space for 8 moro; total trackage, 9.0
R EPO R T.— For year ending June 30 1916, V. 103, p. 2074.
miles of main track, 2.8 miles of depot track and 3.1 miles of sidings, also
Y ear—
G ro s s .
N et.
O th er I n c . I n t . , & c . P r e f . D iv . B a l.. S u r .
6 miles to be leased from user companies. All of the bonds ($5,000,000),
Uavo been issued under said agreement, guaranteed principal and interest, 1915-10..$ 1 ,6 3 4 ,1 8 0 $329,729 $155,704 $202,457(5)$107,140 $1757836
1 914- 1 5 .. 1.386.737 40,458
243,734
181.005
......
109 180
Jointly and severally, by tho eight proprietarycompanies. V. 98, p. 1073.
1158, 1394; V. 103. p. 140. In 1915-16 William Salomon & C o ., N . Y ., — (V. 101, p. 776. 924. 1623, 1629: V . 103, p. 1211,.1688, 2074.) lu a ,lso
offered theso bonds. V. 101. p. 1887; V. 102, p. 1164. 1898. Pres., F . G .
V IR G IN IA & CAROLINA SOUTHERN R R .— Owns from Lumberton
Pettibone; Sec., Treas. & Supt., Murrell L. Bucknor.— (V. 103. p. 146.)
N . G .. north to Hope Mills, 27 m .; St. Pauls, N . O .. to Elizabethtown
27.75 m .; Lumberton Jet. to North Lumberton and East Lumberton’
U N I O N T E R M I N A L C O . O F J A C K S O N V I L L E . — T o build a tormlnal
road for passengers and freight at Jacksonville, Fla. Incorporated in 3.86 m .; Elizabethtown to Brown’s Landing, 2 m .; total, 60.67 m. Stock
Florida Oct. 1912. The $240,000 6 % serial bonds were Issued to erect a at last accounts, $141,000, majority owned by Atl. Coast Line. Year
1915- 16, gross, $135,003; net, $60,346; int., taxes, &c., $42,716; bal. sur
fireproof storage and freight warehouse and are guaranteed, prin. & Int.. by
Pres. O. B. Gay; they are subject to call at 102 Vi and int. on Jan. 1 1918 or $18,009. Pres., A. W . McLean, Lumberton.— (V. 8^, p. 1345.)
any interest day thereafter. V. 90. p. 280. Pres., O. B . Gay; Vice-Pros.,
VIR G IN IA & SO UTHW ESTERN R Y .— Owns Bristol ,Va., to coal fields
H . B . Hoyt; lrcas., Walter B. Gay; Sec., T . G . Hutchinson.— (V. 9 6,p.286) around St. Charles, Va.. and southerly to mines at Mountain City, Tenn
with branches, 151 miles; Moccasin Gap to Persia Jet., Tenn., 38 m . Leases
U N I T E D N E W J E R S E Y R A I L R O A D & C A N A L C O . — (S ee M a p P e n n .
Rogersvllle via Persia to Bull’s Gap, Tenn., 14 m.; trackage, 22 m .; total
R R . ) . — Part of a system of roads in Northern Now Jersey, extending from
225 miles. In 1908 Southern Ry. purchased the $2,000,000 stock at $200
Camdon to South Amboy and from Trenton to Jorsoy City, with branchos per share and on July J 1910 took a lease of the road for one year and from
and connections, a distance or 100 miles; Hudson River ferries to New York, year to year thereafter until terminated by either party, at a rental equal
1 m .; Del. & Raritan Ganal, from Bordentown to Now Brunswick, &c., to int. on bonds and equip, trust obligs. V. 87, p. 98; V. 103. p. 321. Divi
66 m .; Phila. & Trenton and Bolvidero, Dol.— which soo— are leased lines.
dends 5 % each paid June 1912, June 1913 and Feb., June -nd Dec. 1914,
L EASE.— Leased in June 1871 to the Pennsylvania R R . for 999 years:
June and Dec. 1915 and June 1916. Virginia Iron, Coal & Coke Co. guar
rental equal to 10% on stook. interest on bonds, taxes, &o.
1st M . oonds, p. & i. V. 75 p . 348. 398, 736; V . 76. p. 273. Of the first
;
E A R N IN G S.— For year end. Dec. 31 1915. gross, $42,716,855: net. consol. 50-year 5s ($/ ,0003300 auth^ issue), dated April J 1908, $2,000,000
$0,283,968; other Inc., $135,067; Int., rentals, Impts., &c., 6.286,308; are reserved to tetire 1st 5s. V . 86. p. 1102, 1161, 1187; V . 87. p. 1606;
dividends. $2,124,040; bal.. def., $991,373.— (V. loo; p. 1763.) 0’" 50’000’ V . 93, p. 1192.
EA R N IN G S .— 10 m os.,(1915-16_____ Gross, $1,629,556; net, $410,437
U N I T E D R A I L R O A D S O F Y U C A T A N . — (V.101.p.371; V. 102. p.100.)
July 1 to April 30. \1914-15..........Gross. 1.627:742; net! 324!442
R EPO R T.— For 1915-16 was in V . 103. p. 1298, 1313; editorial, p. 1259
1916-10.
1914-15.
1913-14.
Average miles— ................................7.918
7.784
7.597
Total operating revenue........................$104,717,005 $86,958,295 $92,115,332
Oper. expenses & taxes---------------------- 63,893,468
56,778,189 60,489,118
THE VIRGINIAN
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R A IL W A Y STOCKS A N D BONDS
.
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132
/W aynesboro Jc.
Y ork xx
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A.
M AP OF
RAILWAY STOCKS AND BONDS
F e b ., 1917.J
R A IL R O A D C O M P A N IE S
I F o r a b b r e v ia tio n s , A c . , s e e n o te s o n f ir s t p a g e .]
M ile s
R oad
Vicksburg Shreve & Pac Ry— Com stock $3,000,000188
Preferred stock 5% non-cumulatlve $2,200,000____
General mortgage $3,500,000.............................F.zc*
188
Vicks Shrev & P RR prior lien ext '15 at 5 % g-Ce.xo*
188
Equip trust notes &c June 30 1916 (V 103, p. 2074)
Virginia Air Line— See Chesapeake & Ohio
Virginia & Caro Sou— 1st M 81.000,000 g (see text) _x
57
Virginia Midland— See Southern Ry
Virginia & Southw— 1st M g gu by va I C A C ......... Ox
136
First Consolidated mtg $7,000,000 gold-.Q jcc’ &r*
209
Equip tr sor E due $25,000 s-a (V 93, p 1 1 0 6 ).. Bax
do
do Ber F due 2 2 M and 21 M s-a _ -.B a .x
do
do ser G due 24 M and 23M s-a____ G.x
Virginian Ry— Common stock auth $45,000,000____
Pref stock $35,000,000 auth 5 % cum red text____
470
First mtge $75,000,000 g red at 110........... F.xc’ &r*
First Lien eq notes ser A g red 105 part due s-a.Eqx
42
Wabash Chester & Western— First mtge gold------zo*
65
First consolidated mortgage $1,000,000 g - - SSt.zo*
W abash-Pittsburgh Term— See Pitts & West Va
W abash Railway—
Common stock, $47,290,000....... .......... - .....................
Pref stock A 6 % prof-shar, red 110 aft 5 yrs (text) Conv 5 % pref stock B red 110 aft 1920 $49,970,000
Gold notes secured by Bolt Ry & Refrig Co stock—
—
U n d e r ly in g S e c u r itie s U n d istu r b e d U n d e r P l a n —
First mortgage gold ($34,000,000)................Ce.zc» 1.542
Second mortgage gold---------------------------------- Alp.zc 1,009
Deben mtge income non-cura Series B not red _Ba 1,542
150
Detroit & Chicago Ext 1st M g s f red 110 ---C e.zc*
94
Des Moines Dlv 1st M g $1,800.0001(V 68. p 574) Nxo*
225
Toledo & Chicago Dlv mtge g $3,000,000 —Col.xc*
Omaha Dlv $3,500,000 gold (V 75. p 686) --Eq.xc*
144
1st lion terminal mtge $10,000,000) gold._Ba.xc*&r
Kan City Exo Sp A Nor M g guar (V 79 p 2097) _z
9
Columbia & St Louis $300,000 gold guar p & l.SSt.x
22
Equipment bonds sinking fund (V 72. p 822)N.xc&r
Wallkill Valley— Stock 3 )4 % guaranteed.............. ........
___
Warren (N J)— Stock 7 % perpetual guar D L & W - _ 18
Flrst ref mtge $2,000,000 g gu p A 1-------- F.xc*&r
18
D a te
B on ds
1901
1885
1913
Par
V a lu e
A m oun t
O u ts ta n d in g
R a te
%
$100 $2,856,500
100
2,142.800
1,000
1,922,000
1,000
1.323.000
5
5 g
1,000
M
M
L a s t D iv id e n d
a n d M a tu r ity
Nov 28 '13. 2 % Central Trust Co, N Y
do
do
Sept 8 1 9 1 6 ,5 %
N May 1 1941
Farmers’ L & Tr Co, N Y
N Nov 1 1940
Central Trust Co. N Y
J July 1 1943
5 g
J
&
5 g
5 g
4)4
5
6
J
A
M
J
M
A
t
&
1912
1908
1888
1893
5
5
5
5
g
g
g
g
M
M
J
J
&
1915
100 4 3 ^ 8 ,3 3 0
100 46!SC0,000
100 48,726.110
1.000
1,500,000
4 g
M
A N M a y "! "1920
c
1889
1889
1889
1891
1899
1901
1901
1904
1901
1902
1901
____
____
1900
1.000 33.900,000
1.000 14.000.000
1.000
1.250,000
1,000
2,779,000
1.000
1,600,000
1.000
3,000,000
500 &c
3,173,000
1,000 &c
3,555,000
500
100,000
1.000
200.000
1.000
1,174.000
100
330,000
50
1.800,000
1,000
1,394,000
ST O C K .— Pref. stock is redeemable as an entirety at any time after 3
years from date of Issue bv vote of majority In amount of all the outstanding
stock on payment of $105 per share, plus any accumulated dividends.
The shareholders on Jan. 27 1917 authorized an increase o f canltal s to c k
& J n 65n 0n 5% c , ^ prof, 2 ^ ’ The increase, consisting of $4,000,000
n0
in« o f *40.00ofo00—
on'and
$35,000,000 ^ ^ 00cum.S^ ? 0 stock. c“
com. and $ 6 ,0 0 0 ,0 0 0 pref., may bo issued for tho purposes of the company
at tho discretion of tho board. V. 104, p. 258, 453.
v J
B O N D S . — The first 5s of 1912 ($75,000,000 auth. issue) are a first lien
on all prop erty “ wne<1 “ Thereafter acquired. Including terminals and
equipment, excopt for $750,000 equipment notes due 1917-18 on part
of same. The remaining $45,500,000 are reserved for extensions of the
main line at not over cost or $75,000 per mile, additional branches or
second track not to exceed $50,000 per mile, additions and Impts. of Vlrglnla Terminal R y.at not to exceed actual cost, additional equipment, and
other additions and equipment at not over 75% of cost, and 75% of cost of
not less than 60% of the securities of other companies whose properties
form extensions or can be operated advantageously therewith (to an aggre
gate not exceeding $ 1 0 ,0 0 0 ,0 0 0 ). to acquire stocks under restrictions named
in the mtge. V. 94. p. 1058, 1187. 1318, 1385, 1765; V . 95, p. 4 9 . 1270’
V .9 8 , p . 454, 1539. In Jan. 1916 sold $2,500,000 1st M . 5s, making $29.
600,000 outstanding. V. 102, p. 2o2.
Equipment trust flrst Hen 5 % golu notes, "Series A ,” (V. 87, p. 1480),
mature in series from May 1 1909 to Nov. 1 1918, $188,000 each May l
and $187,000 each Nov. 1. Redeemable as a whole on any lnt. day at 105
E A R N IN G S .— 6 mos., 11916............. Gross, $4,439,479; net, $1,953,624
July 1 to Dec. 31.
11915............. Gross, 3,373,896; net, 1,412,554
R E P O R T .— Report for year ending June 30 1916 was in V . 103, p. 1880.
Y ear—
C ross.
N et.
O th er I n c .
In t
Bat Sur
1915-16........... $7,390,381
$3,259,656 $316,008 $1.707 410 $1 8 6 8 254
213,460
1 665 757
737 921
1914-15--------- 5,820,406 2,190.218
Goal and coke tonnage, year 1915-16, 4,729,091, against 3,605,640. ’
OFFICER S.— Chairman, C. W . Huntington, 60 Wall St N Y - Pres •
(vacant): Sec., James Clarke; Troas., Geo. II. Church. 5 5 W all'st. ’ N Y
— (V. 103, p. 408, 494, 1785, 1880, 2239.)
’
’
W ABASH CHESTER & WESTERN RR.— Chester, III., to M t. Vernon
III., 65 miles. On July 25 1914 J. Fred. Oilster of Chester/ 111® Was
appointed receiver. V. 99, p. 344. Stock, $1,250,000; par, $100. First
consol, mtge. coupons due July 1894 paid July 1896; none paid since; on
1st M . bonds the July 1913 coupons were those last paid. Year ending
Juno 30 1916, gross, $122,299: net, $3,475; int., taxes, & c.. $44,388- bal..
d ef., $40.913.— (V. 92. p. 1637: V. 99, p. 2111.)
,
WABASH R A IL W A Y .— Embraces lines as follows, viz.
P l a 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 l e
&
&
524.000
Total net Inc. $654,825
$559,392
B a lan ce...su r.$29,089def.$93,439
* Dividends are deducted by the company from profit and loss surolus.
— (V. 103, p. 321, 1509, 2073.)
VIRGINIAN R A IL W A Y .— (See M apJ— The main line of the road ex
tends from Deepwater, on the Kanawha River, In West Virginia, to Sewell’s
Point, on Hampton Roads, near Norfolk, Va., a distance of 441 miles.
Winding Gulf branch, Mullins, W . Va., to Pemberton, 25 miles; other
branches, 5 in.; leases Virginian Term. R y ., 1 .7 5 m .: White Oak R y.,
10.34 m .; PIney River & Point Creek R R .. 6.69 ra.; trackage. 15 ra.; total
505.25 m. See V. 84, p. 627; V. 78. p. 1962; V. 81, p. 1551; V. 83, p. 436;
V. 84. p. 1249; V. 8 8 . p. 102; V. 96. p. 1421; V. 97. p. 1495.
Road taps the Pocahontas and New River coal Helds, and forms ” the short
est possible route to tidewater over the lowest grades.” From Princeton,
the main coal-gathering yard. 350 miles west of Sewell’s Point, the eastbound grade does not exceed 0 . 2 of 1 % , or 1 0 ) 4 ft. per mile, except for a
9-mlle section over the Allegheny Mountains, where the maximum grade
Is 0.6 of 1 % . or 32 ft. per mile; on this section a pusher will be used. One
locomorive will haul 80 loaded 50-ton coal cars, or 4,000 tons of coal per train.
M ile s .
W h en
P a y a b le
1,000 &c
2.000,000
1,000 &c
6,000,000
1,000
250.000
1,000
275,000
1.000
350,000
100 31,271.500
100 27.955,000
100 &c 29,500.000
1.000
750,000
1.000
300.000
1.000
390,000
1903
1908
1911
1913
1914
REPOR T.— Year ending Juno 30 1916 in V. 103, p. 2073. showing:
1 Q 1 fi- 1 fi.
1 1 )1 4 - 1 5 .
lO IR - IB
1(11 ,
1915-16.
1914-15.
, ,
1915-16. ""1 9 T 4 -1 5 .
Gross earns-.$1,959,705 $1,799,301 I<ixed charges. $425,736
$452,761
N et, aft. taxes
412,242
379,769 Betterments..
70
Other income.
242,583
179,623 ♦Divs. (1 0 % ).
200,000
200.000
O w n s E a s t o f M i s s . R iv e r .
133
&
&
&
&
&
&
J
O
N
D
S
Safe Dep &
T r.
Balt
Jan 1 2003
Guaranty Trust Co, N Y
Apr 1 1958
do
do
To Nov 1921
Bankers Trust Co, N Y
do
do
To June 15 1923
Mar ’17-Mar '24 Guaranty Trust Co, N Y
N May 1 1962
N M a y ’ 17-No v ’ 18
J July 1 1918
J Jan 1 1928
Farmers’ L A T Co, & Loa
s
Equitable Trust Co. N Y
July 1913 coup last paid
July 1894 paid July 1 ’96
Jan 29 1917 1%
M & N
5 g
F & A
5 g
J & J
6
1
5 g
J
4 g
J & J
4 g
M A .S
3)4 g A A O
J A J
4 g
c
4 g J & ,T
M A N
4g
M A
S
5 g
3)4
C— 1
A & O 15
7
3 Vi g F A A
New York
Central Trust Co, N Y
do
do
In July 1911 paid 1%
Central Trust Co, N Y
New York Trust Co, N Y
Equitable Trust Co. N Y
do
do
do
do
Office St Louis
Office, 165 B’way, N Y
N Y Trust Co. N i t
K % Grand Central Tcrm.N Y
Del Lack & W R R , N Y
do
do
entitled, after payment In any year of 5 % on all stock (com. and pref.), to
participate In any further dividend for that year at the same rate as de
clared on common stock (above said 5 % ) . Of the $47,200,000 auth. com
mon and $49,970,000 oonvert. pref., $3,750,000 and $1,250,000 respectively
are Issuable from time to time on account of claims against old co. The
pref. and common are Issuable as needed for conversion of pref. B . V . 101,
p. 2072, 1599. V. 102. p. 1812.
The holders of the convertible pref. stock may at any time after Aug. 1
1918, and up to 30 days prior to any date fixed for the redemption of the
entire Issue of said Profit Sharing Pref. Stock A , convert the same into and
exchange the same for profit-sharing pref. stock and com. stock at the rate
of $50 of profit-sharing pref. stock and $50 of com. stock for each $100 of
convertible pref. stock, with adjustment of unpaid dividends.
D IV ID E N D S .— No. 1 on pref. " A ” stock. Jan. 29 1917, 1 % .
B o n d s .— The plan of 1915 leaves it to the new company, after reorganiza
tion. to provide, by a First & Ref. M tge., or otherwise, for refunding the
underlying bonds at maturity and for future capital requirements.
The $1,500,000 new 4 % Gold Notes are secured by 2,400 shares of the
stock of the Belt Ry. Co. of Chicago and 1,217 shares of the stock of the
American Refrigerator Transit Co.
Abstracts of the mortgages of 1889 were In V. 49, p. 270-273: D e t r o i t
A C h ic a g o E x t e n . mtge., V. 54, p. 1049.
D e s M o i n e s D i v i s i o n bonds
of 1899. see V. 68, p. 574: V. 69. p. 1248. C o l. A S t. L . R R . , V. 73, p. 338,
786, 1012; V. 74. p. 1040: V . 75. p. 686.
On Jan. 1 1916 total of all equip, oblig’ns outst’g was $2,657,000.
For $10,000,000 terminal gold bonds of 1904, see V. 76. p. 436, 753.1032;
V. 81, p. 1437; V . 82, p. 570; V. 83, p. 1236; V. 84, p. 997.
E A R N IN G S .— 6 m o s.,fl9 1 6............Gross, $19,894,087; net, $6,502,528
July 1 to Dec. 31.
11915______ Gross, 16,877,871; net. 4,751,474
REPO R T.— Report for 8 mos. periods ending Juno 30 In V . 103. p. 1405.
8 M o n t h s to J u n e 30—
1915-16.
1914-15.
1913-14.
Average mileage________________ ____
2,526
______
Gross earn in g s..........................
$23,608,572 $18,414,432 $18,774,816
Net. after taxes...................
$6,907,713
$2,221,384 $1,777,250
Total incomo.................
$7,212,921
$2,538,711 $2,357,530
Hire of equipment.....................................
$803,585
$762,879
$830,382
Rentals. &c................................
1.370,779
1,386,972
1,172,902
Int. on bonds A equip, obligations----- 2,095,056 2,106,026
c
2,099,992
Int. on receiver's certificates_________
_______
632,750
576,180
Discount on receiver’s certificates
_______
109,706
168,285
Int. on 4 % notes_____________________
40,000
______
_______
Balance............................................ sur .$2.903,501df.$2459.622df.$2490,211
The fiscal year of the new co. will end on Dec. 31.
OFFICERS.— Chairman, William II. Williams; Pres., E . F . Kearney;
Sec., J. O. Otteson; Treas., F. L . O ’Leary.
Directors: William H. Williams, Alvin W . Krech, Guy E. Tripp, H . K .
Pomroy, J. Horace Harding, George W . Davison, W . V. Stuart, Robert
Goolet, E . F. Kearney, Winslow S. Pierce, William A . Jamison and H . R .
Winthrop, J. Leonard Reploglo, John N . Willys and Henry B . Joy.—
(V. 102. p. 1541. 1719. 1812. 2078, V. 103. p. 1405. 2429.)
W ALL K IL L VALLEY R Y — Lessed to tae N . Y . C . & H . R .R R . C o .:
effective April 30 1S99, at midnight; lease assumed by the N . Y . C . R R .
Co. on consolidation. Expenditures by tho lessee up to June 30 1916
amount to $69,882. Dividend paid, as rental, direct to the nolder of stock.
The N . Y . Central RR. holds entire capital stock on account of West
Shore R R .
W A R R E N R R . . N. J.— New Hampton Jot. to Dela. Bridge, N . J., 19.9
m. Leased In perpetuity to Dela. L. & W . at 7% on stock and Interest
on bonds. See form of guaranty, V. 72, p. 628.— (V. 80, p. 999.)
W A SH IN G TO N
CENTRAL
R Y . — (S e e
M ap s N o r th e r n Pacific .— O w n s
Cheney to Coulee City, Wash., 109 miles; Coulee City to Adrian, 21 miles
Leased In 1898 to Northern PaclUo for 999 years at rental sufficient to pay
Interest on 50-year gold 4s, to be Issued at $15,000 per mile. (See V . 66
p. 953.) Nor. Pac. owns entire $1,000,000 stock.— (V. 67, p. 691.)
O w ns W est o f M is s .(C o n c l.) — M ile s .
W ASH IN G T O N & FRANKLIN R Y .— Hagerstown. M d .. to Zurabro.
•t L. Levee to Ferguson, M o ..
<
11
19.11 miles. Controlled by Phila. A Reading R y. Leased to Western
c
536 Salisbury to Glasgow. Ia ., &o_
15 Maryland for lnt. on bonds and 5 % on $150,000 stock.— (V. 73. p. 392.)
Des Moines to Chestorflold, Ia.
94
1 1 0 Excelsior Spr. to Mllw. Juno..
9
W A S H I N G T O N T E R M I N A L C O . — Owns union station at Massachusetts
31 Brunswick, Mo.,
to Council
Ave., Washington, D. C.. with terminal and approaches; opened Oct. 27
1907. V. 85, p. 1144. The Phila. Balt. & Wash. (Penn.RR. system) and
Bluffs, Ia. (inol. 41 m. leased) 223
214
the Balt. & Ohio own the outstanding $4,252,000 stock (auth. amount
9
$5,000,000) and guarantee the bonds, of which $10,000,000 bear 3 )4% lnt.
Total owned and leased_____ 2.050
110
T ra cka ge, A c .
and $2,000,000 4 % . V. 80. p. 1073; V. 76, p. 812, 594; V. 77, p.
Chicago to Clarke Junction__________ 26 252; V. 80, p. 652, 1176, 1364; V. 85, p. 42; V, 80, p. 44. Form of guaranty
150 Moberly to Hannibal__________
V. 84, p. 1368. Other tenants, Southern R y., Wash. South. Ry. and Ches.
70
ig East Hannibal to Quincy...................... 16 & Ohio R y.— (V. 89, p. 44, 1543.)
12 7 short lines to Qulnoy, De
W A S H I N G T O N & V A N D E M E R E . — Washington N . C., to Vandemere
troit. &o_____________________
34
Other lines_____________________
52 on Pamlico Sound, 42 miles, completed Jan. 1909. Majority of stock
O w n s W e st o f M i s s . R iv e r .
Windsor, Ont., to Buffalo____ 276 owned by the Atlantic Coast Line R R ., which guarantees the bonds, prln.
& lnt.
Bonds are Issuable at $18,000 per mile. Including $4,000 for equip,
St. Louis to near Kansas C ity .. 275 (Grand Trunk Ry.,V.66,p.812.)
V. 84. p. 1249; form of guaranty, V. 85, p. 347. For year 1914-15, gross,
Centralla to Columbia, Mo____
22
$38,471; oper. def., $9,667; other Inc., $9,673; Int., taxes, Acc.. $35,284;
Moberly to Ottumwa, I a ........... 131
Grand total Jan. 1916............ 2.524
Entrance to Chicago Is over Chic. A West. Indiana, or whoso stock this bal., def., $35,278.— (V . 85, p. 347.)
c
W ATER T O W N & S IO U X FALLS R V .— Owns Sioux Falls, S. D .. to
company owns $1,000,000 (dividends, 1896-1914, 6 % yoarly.)
Watertown, 103 m. Immediate extension from Watertown to northern
O R G A N IZA T IO N .— Incorporated in Indiana Oct. 22 1915 as successor
boundary of So. Dak., 75 miles, said to be proposed In June 1916. Suc
or Wabash RR. (foreclosed) under First Ref. & Extensions Mortgage, and
of South Dakota Central Ry., which was sold under foreclosure
reorganized per plan in V. 100, p. 1599, 1594; V. 101, p. 1975. Took pos cessor12 1916 to C. O. Kalman of St. Paul for $952,000, tho purchaser also
session Nov. 1 1915. The plan reduces the fixed charges from $5,795,278 June
assuming $150,000 of receiver’s debts. This sale, which yielded the old
to $3,183,915, besides eliminating guaranties and unsecured obligations.
bondholders par and interest for their bonds, disposed of the reorganization
STO CK .— Tho pref. shares A and U are respectively pref., prln. anddivs. plan, but this may bo consulted for particulars regarding the property.
(non-cumulatlvo) and are callable after 5 years at 110. The A shares aro See V. 102, p. 1897. Capital stock of now company, $1,500,000 auth. j
Toledo, ()., to East Hannibal,
Camp Point and Elveston, 1 1
1
A d ja c e n t B r a n ch es —
Decatur, III., to E. St. L ouis,,
Streator to Falrbury.........
Juno, near Chicago to Effingham
and Altamont, 111____
Edwardsvllle Branch____I
Dclrey, near Detroit, to Butler"
Montpelier, O., on line to De
troit, to Clarke Jot., near Chic.
Attica to Covington...................
Champaign to Sidney..................
Maumee to Montpelier, O ____
New Haven to Butler, Ind____
134
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 , & c . , s e e n o te s o n fir s t p a g e
]
Washington Central— First M g?15,000 p m ___.xCol
Washington & Columbia River— See Northern Pacific
Washington County— See Maine Central RR
Washington & Franklin— 1st M $475,000 g lnt rent..i
Washington Ohio & Western— See Southern Ry
Wash Ter— 1st M g gu(S2,0O0.OOO 4s) (text) .Us.xo*&r
Wash & Vand— 1st M S I.500.000 g gu p&l.SBa.xc
Waycross & Western RR— First mortgage g o ld
:
Weath Minn Wells & Nor— 1st M gu end (text)____ Nx
West Chester— See Pennsylvania RR
W est Jersey & Seashore— Com stock_____________
Special guaranteed stock (Includ $20,150 W J R R ).
West Jersey & S S First Cons M Series A g s f ._ xc*
Series B $1,500,000 gold___________ __________ xo*
Gold Series C & D ($765,000 Series C 3 >$s) .xo
Gold Series E -------------------------------------------------------:
Gold Series F _____________________________ xo*&r
West Shore— 1st M gu p & 1 end by N Y C-.Un.zc&r
West Side Belt RR. Pitts— See Plttsb Terminal RR
West Virginia Central & Pittsburgh— See Western Ma
W est Virginia & Pittsburgh— See Baltimore & Ohio
West Virginia Midland— First mtge $1,000,000 g ___G
Western (Ala)— 1st M g guar by C Ga and Ga R R .zc*
W estern Maryland — C a p ita liz a tio n to b e i s s u e d o r a s
Common stock $50,000,000________________________
First Prof (p & d) stock 7 % cum from July 1 1 9 1 8 ..
2d Pref (p & d) stock 4 % nno-cum $10,000,000____
First & Ref Mtgo $150,000,000 Series A ___________
First mortgage $50,000,000 gold......... .B a ,x c * & r ..
Equip certs A due 27 M s-a red 102 H (V 88, p 55) .x
Eq tr “ B” duo 10 $23,000 s.-a. then $ 2 2 .0 0 0 ...E q
Equip trusts $4,426,075 due abt $224,000 yrly s-a
Coal & Iron Ry 1st M g assu (V 71, p 1166)-MeBaz
Potomao Val 1st M $2,000,000 g assum.MeBa.zc* &r
M ile s
R oad
D a te
B onds
130 1898
Par
V a lu e
A m ount
O u ts ta n d in g
R a te
%
$500 &c $1,853,000
4 e
19 1901
1,000
1905
1907
1913
41 1902
1,000 &c
1,000
_
1906
188,3
su m ed b y N e w
__
615
Text 1902
1909
1916
1917
46 1900
31 1891
•
1
5
g
4g
4v g
$
5g
5g
&
50] 11,586,250 5 in 1916
50
104,000
6
1.000
1,564,000
4 g
1,000
1,151,000
3A g
1,000
1,823,000 34$ & 4
1,000
683,000
4 g
968,000
4 g
1,000 & j 49,994,500
4
338 1896
338 1896
338 1896
338 1896
1896
479 1886
& Coal Co
ryland RR
34
130
$1,000
378,000
12,000,000 3 A
720.000
$300,000
660,000
•
1,000
1.000
R a ilw a y
1,000,000
1,543,000
C o—
100 49,429,230
100 18,000,000
100 10,000,000
15,000,000
1,000 46,625,000
1.000
108,000
1,000
401,000
6,500,000
1,000
1.000,000
1,000
1.300,000
•
W hen
P a y a b le
Q— M
J
&
&
&
g
g
Mch 1 1948
J Jan 1 1939
1 1945
1 1047
1 1943
11930
P la ces W h ere In terest an d
D iv id e n d s a r e P a y a b l e
Bankers Trust Co, N Y
Philadelphia, Pa
Washington & New York
U S Tr Co. N Y : & Balt
Savannah B & T Sav, G a
Bankers Trust Co, NY
O Oct 2 ’ 16 24$% Broad St Station, Phlla
D Doc 1 1916 3 %
do
do
do
do
July 1 1936
do
do
July 1 1936
do
do
July 1 1936
do
do
July 1 1936
July 1 1936
do
do
Grand Central Term, N Y
Jan 12361
Apr 2 1926
Oct 1 1918
Q— J
g
g
L a s t D iv id e n d
a n d M a t u r it y
& A Feb
< A Feb
%
Aug
Aug
5 g
4 4$ g
5
4
5
5
5
5
5
[V o l . 104
Guaranty Trust Co, N Y
Guaranty Trust Co, N Y
Now
A (3 O Oct 1 1952
c
J & J July'17-Jan
Semi-ann JulyJlO-Jan
1917 to ’26
& A Aug 11920
&
J Jan 1 1941
Bankers Trust Co, N Y
do
do
71 Broadway, N Y City
Merc Tr & l)ep Co, Balt
Nat Bank of Com., Balt.
11 1 '
Tho underwriting and offer to shareholders at par of $18,000,000 7 %
1911.
1912.
1013.
1914.
1915.
1st pref. stock (cum. from July 1 1918) in amounts 3 0% of present holdings,
Gross earnings........... $223,302 $268,519 $328,526 $323,465 $367,168
the subscriber with each $100 of 1st prof, to receive also $22 stock of Davis
Net, after taxes.........
64,869
55,648
75,999
36,766
83,942 Coal & Coke Co. and $25 stock of Monongalia Coal Lands Co., (V. 103, p.
— (V. 102, p. 1437, 1812, 1897, 2255; V. 103, p. 62.)
2157), thus distributing tho entire outstanding capital stocks of the coal
W A YC R O SS & W ESTERN R R .— Projected from Waycross to Adels cos., namely, $3,960,000 and $4,500,000, respectively (as incroasod).
G a., 71 miles, of which 444$ rn. In operation June 30 1916. Stock auth.,
(d ) The lease to tho Davis Coal & Coke Co. for 99 years of all tho rail
$10,000 per mile; outstanding June 30 1916, $420,000; par $100. Bond, way’s coal mining properties and the transfer of tho rosorvo coal lands to tho
auth., $710,000, at $10,000 per mile: outstanding June 30 1915, $314,000, Monongalia Coal Lands Co., this measure, with the distribution of their
Pres., A . K . Sessoms; V .-P ., J. G. Sessoms, Sec. & Treas., L. S. Price Jr. stock, removing dangor of legal complications owing to ownership of coal
Office, Waycross, Ga.— V . 103, p. 2239.
properties by the railway. The now railway company, under tho lease, will
recoive as rental 6 cts. per ton on coal mined and is to transport all tho coal.
WEATHERFORD MINERAL W ELLS & NORTHWESTERN R Y.—
Owns Weatherford via Mineral Wells to Graford, Tex., 41 miles. Stock, Tho Davis O. & C. Co. will operate 31 mines having an annual capacity of
$100,000, of which Texas & Pacific owns $94,680. Latter guarantees the 2,500,000 tons, and reporting for fiscal year 1915-16 an output of 2,004.000
bonds ($1,354,000 authorized Issue), principal and Interest, by endorse tons and net profits of $206,000. V. 103, p. 1701.
ment. V. 75, p. 908, 1356. See form, V. 78, p. 344. In 1915-16, gross,;
(c) Tho paymont of the $18,000,000 matured note Indebtedness (incl.
$132,193; net, $21,914: other income, $10,607; Interest, rentals, &c., $45. $2,000,000 ovorduo Interest) out of proceeds of tho First Prof, stock.
253; bal., dof., $12,732. Pres., J. L. Lancaster, New Orleans; Sec., A . J.
(/) Tho creation of a $150,000,000 First & Ref. Mtgo. under which the
Baird, Dallas.—-(V. 92, p. 1034; V. 103, p. 240.)
prosont Issue is to be $7,500,000 of 5 % bonds, $2,500,000 of these to be
W ELLSVILLE & BUFFALO R R .— Extends from Wellsvllle to Buf placed in the treasury and the remaining $5,000,000 to bo sold forthwith
falo, 91 miles. Including 1 m. branch and 4 'A miles trackage, into latter for corporate purposes, including tho liquidation of $3,250,000 loans.
city where dock and lake front are owned. Successor Dec. 10 1915 of
The plan thus eliminates the $18,000,000 of enforceable (overdue) obli
Buffalo & Susquehanna R a ilw a y , foreclosed. President, Charles A . Finno- gations, reduces the interest charge per inilo of road to $3,633 (as against
an
Operations
the
$5,050 for the
it is believed, well within tho mini
f y0 of Depew, N . Y .'3een ^45,000; suspended Nov. 1 1916, (V. loss for first mum oarningspresent company), boing,periods, and affords ample moans
results during adverse
dissolution proposed.—
101, p. 1975;
for future financing.
WEST JERSEY & SEA SHORE RR.— (S e e M a p P e n n s y l v a n i a R R .)—
D e s c r ip ti o n o f N e w $150,000,000 F i r s t a n d R e fu n d in g M o r tg a g e .
Owns all the lines on the Pennsylvania system In Southern New Jersey,
(1) A direct first mtge. upon road from Cumberland, M d ., to ConnollsIncluding Camden, opp. Philadelphia, to Atlantic City (59 miles), Camden vlllo, Pa., together with branches, in all 118.04 miles; (2) a now First Lien
to Cape May, 82 miles, &c., total, 322 miles. V. 62, p. 366, 871. Of this, by plodgo of all securities representing ownership of branch lines (V. 103, p.
Camden to Atlantic City, with branch, total about 75 miles, Is equipped
1611), aggregating 17.82 miles; (3) a mortgage subject to existing $500,000
electrically. lias traffic agreement with Atlantic City & Shore (electric)
mortgage upon Western Maryland RR. Terminal, and, subject to a $115,000
RR. and option to purchase control May 1 1913 to May 1 1918. V. 85,
mortgage upon the Baltimore Fidolity Warehouse and Hazard Wharf;
p. 162: V. 86, p. 1220. Penn. RR. Jan. 1 1916 owned $4,950,050 stock.
(4) a blanket mortgage, subject only to existing underlying mortgages,
STO CK .— The stockholders on Feb. 4 1915 authorized an Increase In amounting to $5O,177,O0O, on lines to bo acquired In tho consolidation as
the common stock from $10,000,000 to $13,000,000. In Juno 1916 holdors well as all extensions, additions. Improvements, &c., horoafter constructed
of the outstanding stock ($9,641,700) were offered the right to subscribe at or acquired with the now bonds:
par for 20% new stock, and tho amount now outstanding is $11,586,250.
(a) Presently Issuable, bearing 5 % lnt., $5,000,000 to be sold
V . 103, p. 321, 408, 1033.
for cash and the proceeds applied in liquidating temporary
D IV ID E N D S .— Common, Sept. 1898 to March 1905, lncl.. 5 % yearly)
loans of $3,250,000, and in furnishing working capital, and
then to *07, inch, 6 % yearly: ’08. 4 % ; '09, 44$ % ; ‘ 10 to Oct. ’ 16, 6 % (A.-O .
$2,500,000 to be reserved in treasury and utilized from time to
BONDS.— First consol, mtge. Is for $7,000,000; $90,000 reserved for prior
time for general
$7,500,000
Hen bonds when due; $999,000 sold to retire C. & A. bonds due .Tulv 1 (b ) To be reservedcorporate purposes____________________________6 % —
for following purposes, lnt. rate not to exceed
1911. V . 62, p. 1179: V. 84, p. 160; V. 89, p. 995; V. 92, p. 1702; V. 100.
(a a ) For funding ot present 1st M . bonds 4s, and underlying
p. 57 . 311, 473; V. 102, p. 1156.
and divisional bonds_________________________________________$50,000,000
E A R N IN G S .— Twelve months ended Dec. 31:
(65) Under restrictions for terminals and terminal facilities____ 25,000,000
G ross.
N et.
O th er I n c .
F ix ed C h gs.
B a la n ce .
(cc) Under restrictions for now equip., extensions & improv’t s .. 67,500,000
1916___ $7,829,320
$1,412,184
$117,592
$678,345
$851,431
Tho 1st M . 4s of 1902 cover some 522 miles of road, subject to, as to part,
1915------ 6,942,485
1,086,616
134,202
731,896
488,922
to $1,281,500 underlying issues and also coal and coke properties which
R EPOR T.— Report for 1915 was in V. 102, p. 1156, showing; Gross, $6, in 1917 are to be taken over under lease or otherwise by tho coal companies
942,485; net. $1,086,616; other income, $134,202; charges, $639,794; divs. mentioned. Comparo V. 103, p. 1700: V. 75, p. 550, 850; V. 79, p. 1024;
at 5 % on com. (and 6 % on special guar.) call for $488,320; appropriation V . 79. p. 2692, and V. 81. p. 266: V. 80, p. 473, 1914; V, 81, p. 614; V. 83.
for sinking and other reserve funds, $85,862; bal,, sur., $6,842.— (V. 102, p. 273; V. 89, i). 666; V. 92, p. 120, 1437; V. 93, p. 1465.
p. 523, 1156, 2344; V. 103, p. 321, 408, 1033.)
In Dec. 1916 an issue of about $4,420,075 5 % 10-yoar serial equip, trust
WEST SHORE RR.— (S e e M a p s N . Y . C e n tr a l & H u d s o n R i v e r . ) — Wee- notes, maturing semi-annually in 20 Installments, was awarded to tho Pull
bawken, N. J., opposite N. Y . City, to Buffalo, N. Y ., with branches, man Co. The issue covers equipment costing $7,500,000. V. 103. p. 2239.
2343.
479 miles. Between Utica and Syracuse Is equipped electrically.
LEASE.— Leased In 1885 for 475 years to the New York Central & .
RR . E A R N IN G S.— 6 m os.,11916...G ross, $6,442,950: not. $2,283,035
Hudson River (now New York Central R R .), with the privilege of a further
July 1 to Dec. 31.
U 915---G ross. 5,405,338; not, 1,738,836
term of 500 years, and all earnings, &c., included In that company's report.
REPORT.— Report for year end. June 30 1916 in V. 103, p. 1,588
The $10,000,000 of stock is owned by the New York Central RR.
1915-16.
1914-15.
1913-14.
1912-13.
BO N D S.— The bonds cover 479 miles of road and also the terminals at
676
661
661
543
Weehawken. Abstract of mtge. In V. 42, p. 176. Advances for additions Miles operated_____
Gross earnings_________ $10,930,369 $8,683,459 $8,267,736 $7,632,679
and betterments by lessee to July 31 1916, $14.216,894.— (V. 94, p. 913.)
Net (after taxes)______ $3,541,670
$2,118,258
$154,147 $1,375,873
WESTERN (THE) RY. OF ALABAM A.— Selma to West Point, 133 m. lnt. on adv. to sub. cos.
18,433
9,970
17,417
934,425
Central Trust Co. of N .Y ., as trusteo under Central Railroad & Banking Income from coal cos.,&c.
302,923
251,449
209,022
149,625
Co. coll, trust 5s of 1937, and Louisvillo & Nashville, as trusteo for Itself
and Atlantic Coast Line R R .. each own one-half the $3,000,000 stock.
Gross corporate income- $3,854,563 $2,387,124
$381,602 $2,459,923
DIVS.— J’94-’96. '97. '98. '99. '00. '01. '02-'06. '07-T3. 1914toJ an ’17
$2,677,871 $2,580,704 $2,484,655
Interest on bonds______ $2,685,514
Per c e n t-.l 2 y ’ly 3
0
2
7
4
4 y ’ly
5 y ’ly
6 % ( 3 % s . a .)
Other int. & amortiza’n .
350,088
271,761
161,595
76,171
For year ending June 30 1916, gross, $1,308,758; net, after taxes, $266, Iliroof equip., rents,&c.
279,208
345,397
354,968
314,070
470; oth. in., $178,805: charges, &c., $175,235;dlv. (6 % ), $180,000: bal.,
$90,040. In 1914-15, gross, $1,252,293; net, $133,374.— (V.*a
97, p. 1665.)
Balance......................... sur$539,693 def$907,905def$2715,665 def$414,973
Pres, and Chairman, Carl R. Gray, Baltimore, M d .; Sec. & Treas.,
W ESTERN M ARYLAND R A IL W A Y .— (See M ap.)— Embraces:
L. F. Timmerman, 71 Bway, N . Y . City.— (V. 103, p. 494, 667, 1509, 1588,
Baltimore, via Cumberland, to Belington, Durbin, etc., W . Va____355.15
1611, 1689. 1890, 1982, 2157, 2239, 2343; V. 104, p. 74, 363.)
Sundry branches (lncl. roads merged in Feb 1917, V. 104, p. 74)____ 260.34
WESTERN NEW YORK & PENNSYLVANIA R Y.— (S e e M a p P e n n s y l
Total owned in feeiV___________________________ .
615 49 v a n ia R R . ) — Owns BulTalo to Emporium, l’a., 118 miles; Bullalo to Oil
L e a s e d L i n e s . — Balt. & Cum. Val. Exten., 264$ m .; Wash. & Franklin
City, Pa., 137 miles; Oil City to Olean, 110 miles; Stoneboro to MahonlngR y., 19.1 m .; Somerset Coal R y., &c., 5.80 in.; total_____
51.40 town, 37 miles; branches, Including proprietary lines, 200 miles; total owned,
T r a c k a g e r ig h ts Rockwood Jet. to Coal Jet. (B. & O. R R .)................ 21.70
600 miles; trackage, 66 miles; total, 668 miles.
ORGANIZATION.— Reorganization Mch. 18 1895 (per plan In "Sup
Total (with also 71.48 m. 2d and 327.51 m. side, &c., track)......... 688.59
plement” ol Jan. 1895) of the R a ilr o a d , foreclosed Feb. 5 1895.
In April 1915 arrangements were made for trackage rights over the Balt.
Penna. RR. owns $19,439,001 of tho $19,972,756 stock and $9,225,914
& Ohio to reach coal fields, 22 miles in Somerset (Pa.) region and 80 miles of the 5 % income bonds and leases tho road for 20 years from Aug. 1 1903.
from Connellsvlile, Pa., to Fairmont, W . Va. V. 100, p. 1259,1512; V. subject to termination on 60 days’ notice. V. 75, p. 1255.
*
101, p. 371.
BONDS.— Abstract ol 1st Ai. in V. 47, p. 109. Deo. 31 1914, 5395.000
O R G A N IZA T IO N .— A consolidation Feb. 1917 por plan in V. 103, p. Income bonds were In the treasury. Mortgages and ground rents, 5544,928:
1700,<of “ The Western Maryland Ry. (formed as stated in V. 89, p. 287), obligations for advances, $23,463,516.
and subsidiaries owning 222.88 miles of road, &c. (V. 104, p. 74).
AN N U A L REPORT.— Report for 1915 was In V. 102,, p. 1536.
p- 1
The aforesaid plan also resulted in the following:
Y r . e n d . D e c . 31.
1915.
1914. (f. Y r .e n d .D e c . 31.
1915.
1914.
(a) The acquisition by the new company of all the systom’s terminal Gross earns.$10.871,845 $9,574,786 Other interest $770,195
$691,539
properties at Baltimore, including grain elevator with storage capacity of Not(aft.tax.)
1.976.191
399,051 Rent, oqulp't
1,900,000 bushels, &c.
hlro, &c___
Total net Inc.
2,627,080
437,056
730,817
7*lfi,97'$
(b ) Tho exchange of tho old $50,000,000 com and $10,000,000 4 % nonD ed u ct—
Add'ns & bott.
865,340
664,561
cum. pref. stock for a like amount of new com. and new 4 % non-cum. 2d Bond Interest*901,970 _ 904,440
Balance, d e f.. 1,241,243 2,540.457
pref. stock, respectively. See “ Chronicle” of Feb. 24 1917.
— (V. 100. p. 1259, 1342;,V.§102, p.J1636;jV. 104, p. 453.)
E a r n in g s f o r C a le n d a r Y e a r s a s R e p o r te d i n P l a n .
(c )
Feb .. H)17.i
115
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 , <fcc., s e e n o te s o n f ir s t p a g e .]
Balt & Cumb Val Ry 1st m tg e _____________________ z
Balt & Cumb Val RR 1st mtge............................. ...........z
Balt & Harrisburg Ry mortgage gold.AleBa.z____c*
Balt Sc Harrisburg Ry W Ext g guar . . .M cBa.z . _c*
Ilaz. W h fC o 1st M $150,000 g(V 87 p 482) AlcBa.c*
S e c u r itie s o f L e a s e d L i n e s —
Balt & Cum Val RR Ext stk gu ($270,000 car 7% ) First mortgage interest rental............................. Baz
Western N V S Penn— 1st M ($10,000,000) g.Ba.xc*
General mortgage $10,000,000 gold................Uu.xc*
Income bonds 510.000.000 gold non-cum ..F P .xc*
Western Pac RR Co. (oper co) 1st M call par xxc*&r
W heeling and Lake Erie Ry— ( N e w ) S e c u r itie s I s s ’ d:
M ile s
R oad
D a te
B onds
3 1879
5 1879
66 1886
15 1888
1914
27 1881
576 1887
600 1895
1895
941
1916
Ref mtgo $50,000,000 gold callablo 1 0 2 ) 4 ____ Ceyc*
Six-year gold notes____ ______ __
____ _ CCI
1916
1917
Secured sk fd equip notes $843,700 call at par--U s
L e f t U n d is tu r b e d (Issues closed by Ref M of 1916)
First mortgago Lako Erio Division gold____Ba.zc*
First M Wneol’g Div $ & £ (2d on 187 m) g_.C e.zc*
Exton and Imp't mtgo ($1,900,000) gold— Ce.zc*
First Consol mortgago gold $11,697,000------ Ba.xe*
Roc ctfs (lion on Indus spur at Canton) V 104 p 665
Equip notos receivers duo $101,000 semi-ann, call _x
W heeling Term— 1st M $2,000,000 g s f gu p & i_xc*
187 1886
50 1888
260 1889
451 1899
1916
1913
10 1900
1917
_
_
Par
V a lu e
Am ount
O u ts ta n d in g
R a te
$48,500
72,800
690,000
240,000
1)5,000
6
6
5 g
5 g
5 g
390,600
50
230,000
1,000
9,990,000
1,000
1,000 10.000,000
1,000
9,605,000
100 47,500,000
100 27.500,000
100 &c 20,000,000
5&7
6
5 g
4g
5 g
$500
100 &c
1,000
1.000
500 &c
100 11,882,600
100 10,344,958
100 33.641,300
1,000
4,656,000
1,200.000
300,000
650
813,700
1.000
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
894,000
409,000
7,041,000
190,000
1,312,000
1,518,000
%
5 g
W h en
P a y a b le
J &
J Sc
M &
M &
A Sc
.1 July
J July
N Nov
N May
O Oct
J Sc J
J Sc J
J Sc J
A Sc o
Nov 1
M &
L a s t D iv id e n d
a n d M a t u r it y
1 1929
1 1929
11936
1 1938
1 1924
P la ces W h ere In terest a n d
D iv id e n d s a r e P a y a b l e .
National Bank of Com.
do
do
do
do
do
do
Balt, Merc Tr & Dep Co
Jan 1917
July 1 1931
Jan 1 1937
Apr 1 1943
Apr 11943
Office, New York
National Bank of Com.
Treas. Phil. & N . Y .
do
do
Fidelity Tr— when earn
s Mar 1 1946
New York and San Fran
s Sept 1 1966
J 1923
New York
N Y , U S M tg & Tr Co
Quar
4X g M
4 )4 S J
J
4
5
5
5
4
6
5
4
&
g
g
g
g
g
&
J Jan 1 1923
A
J
F
M
&
&
o Oct 1 1926
.1
Sc
8c
&
M &
F &
.1 July
A Feb
H Sept
.TMar
s Mar
A Aug
Bankers Trust Co, N Y
1 1928
Central Trust Co, N Y
1 1930
do
do
1 1949
Bankers Trust Co, N Y
1 1926
Guardian S & T Co, Clev
1 ’ 17 to *23 City Sav Sc Tr Co, Clove
1 1940
Winslow,Lanler&Co.N Y
WESTERN PACIFIC RR. C O R PO R ATIO N .— A Delaware holding
O R G A N IZ A T IO N .— Incorporated In Ohio Dec. 12 1916 as successor of
company owning all the stock of the Western Pacific RR. (of Cal.), which old Wheeling & Lake Erie R R ., placed in receiver’s hands in 1908 and finally
In turn owns the railroad running from San Francisco to Salt Lake City,
reorganized per plan in V. 103, p. 1211,1689. Possession taken Dec. 31 ’ 16.
via Oakland, Stockton, Sacramento, Marysville and Orovllle, Cal., a dis
Kuhn, Loeb & Co. and Biair & Co. were reorganization managers.
tance of 929 mllos(includlng San Francisco Bay ferry, 3 miles);brancn lino,
STO CK .— Tho holders of the $61,280,500 old stock were required to pay an
Including Boca & Loyalton R R ., purchased at foreclosure sale In Sept. 191(5, assessment of 27 % (underwritten), and on doing so received 27 % in now
32 miles. Total mileage operated, 961 miles. Crosses the Sierra Nevada pref. 6 % stock and, according to their class of stock, from 8 7 M % to 100%
Mountains at maximum grado of 1 % .
In new common. The assessment was applied to payment of receiver’s
The several branch line feeder projects to which tho company has agreed certificates, claims, reorganization expenses, &c. The new stock includes:
to glvo financial assistance are mentioned under heading f‘Bonds” below. 1. P r i o r L i e n 7 % S lo ck , entitled to (a) cumulative divs. from Nov. 1 1916,
Authority has also been given for the construction of a branch line from
payable quar.; (b ) to priority over all other stock both as to divs. and
Grants, Utah, to Tooele, Utah, 16 miles.
in liquidation, and also, so far as legal, redeemable on or after Nov. 1
ORG AN IZATIO N .— Both tho holding company (The Western Pacific
1919 at $115 per share and divs.; (c) convertible at any time after Nov. 1
RR . Corp., incorp. in Delaware), and tho operating company (Tho Western
1919 into com. stock, $ for $, with an adjustment of divs.; (d) To elect
Pacific R R ., Co. Incorp. in Cali.), were formed In Juno 1916 per reorgani
for first five years a majority of the directors, and thereafter a majority
zation plan of Western Pacific Ry. foreclosed Juno 28 1916. Possession
of tho board, in case of failure to pay tho full dlv. on tho Prior Lien stock
taken July 13 1916.
The holding corporation proposos to onforco tho
for five consecutive years; otherwise the three classes of stock shall have
claims of old Railway Co. against the Donver & Rio Grando RR. growing
proportionately equal voting rights. Now issuable under plan $11,882,600
out of its guaranty of the railway bonds deposited under plan.
See
2. P r e fe r r e d 6 % S tock , entitled to non-cum. divs. from Nov. 1 1916. Pref.
plan, <Scc.. V. 102, p. 165, 160, 1061, 1542, 2168. 2255: V. 103, p. 62,
over the com. stock both as to divs. and in liquidation, and. so far as
240, 408: V. 104. p. 165, 258, 560. See report of I). & R. G. RR . for
legal, redeemable on or after Nov. 1 1919 at $105, and convertible at any
1915-16 in V. 103. p. 1038, as to possible negotiation for now financial rela
time after Nov. 1 1919 into com. stock, $ for S. Total presently issuable
tionship between tho properties. The official statement of Nov. 18 1916 i n
(with further amounts solely to replace Prior Lien stock reconnection with tho public offering of $10,000,000 of tho now bonds was in
deemed).......... ............................_ ..........................................................$10,344,958
V . 103, d . 2080.
3. C o m m o n S to ck , presently issued for nurposos of plan_________ $33,641,300
STOCK.— The two now corporations have precisely similar capital
B O N D S.— The new Refunding Mtgo. covers not only the entire property
stocks, common and pref., auth. and issued, the holding company owning
subject to
all tho outstanding shares of tho operating company. The pref is convor- additional tho Consol. M tge. and all consols exchanged, but also S5.00o.000
property acquired by tho receiver. To induce the holders to
tiblo by holders, $ for $, into common.
surrender their $11,697,000 4 % bonds, they were offered therefor an equal
BONDS OF N E W OPERATING C O M P A N Y — Secured by a first mtgo. amount of 4 ) 4 % Ref. M tge. bonds.
on tho existing railway properties and all propertv hereafter acquired.
o r W ic
th e $50,000,000
d in g M g e B o n d s A
Present issue callablo at par & lnt. on any Int. date. Trustees First Federal P u r p o s e s fIssuedhin hexchange for suchR e fu nConsol. t4 %. bonds as r e I s s u a b l e .
(a) Now
1st
Trust Co., San Fran., and Henry E. Cooper. Total auth. issuo, $50,000,
assent to plan: Gold 4 H s, dated Sept. 1 1916, due Sept. 1
000, of which $20,000,000 (representing loss than .$21,600 per mile) was sold
1966; int. M . & S. Red. on any int. date at 102H __________ $4,656,000
in 1916, largely for improvements, new rolling stock, extensions, &c.
lb ) All other Refunding Mtge. gold bonds to be payable Sept. 1
Sinking fund beginning in 1919. $50,000 annually, v . 103 p. 2157. 2080.
1966, to bear int. at not exceeding 6 % per annum, and to be
Tho remaining $30,000,000 1st M . bonds are reserved for future use, with
redeemable on any lnt. date, rate of int., Int. dates and re
int. rato not to exceed 6 % , for or against betterments, add’ns and extons.,
demption prices to be fixed at time of Issue. Reserved:
under safeguards, at not ovor $1,000 in bonds for $1,000 of money actually
0a a ) To pay or refund the Lake Erio Dlv. bonds, the Wheeling
invested in additional physical property, subject to tho now mtgo. or in
Div. bonds and the Extensions & Improvements bonds____ 3,303,000
securities subject to tho new mortgage.
Tho sale of 1st mtgo. bonds, together with the funds acquired as part of (56) An amount equal to the amount of First Consol. 4 % bonds
not assenting to plan, reserved to pay or refund the same___ 7,041,000
tho assets purchased at foreclosure salo, after deducting amounts required .
(cc) Under restrictions for betterments, extensions and new
to pay non-assenting bondholders and tho expenses of reorganization, left
properties, and to aid in refunding the above-mentioned
about $17,000,000 cash available for tho purposes of tho now company
bonds, and to retire equip, oblig'ns of receiver or of old co___ 35.000,000
Of this sura $2,000,000 represents free funds applicable as working capital
Under settlement in December 1916 with holders of nearly all of the
or otherwise and $15,000,000 is deposited in a special trust fund to bo used
only for construction and acquisitions on engineers’ certificate and upon $1,298,000 equipment bonds of 1902, the assenting holders received for each
vote of the board.
$1,000 bond: (a) $80 in cash as Interest to Jan. 1 1917; (b) $360 In cash, be
Out of tho aforesaid funds arrangements have been made to glvo financial ing 35% on account of principal; (c) $650 in 6-Year 4 % Secured Sinking
assistance to tho following companies in tho construction of their projected Fund Equipment Notes (65% on account of principal), said notes being
lines which will servo as feeders for tho Western Pacific the latter receiving direct obligations of the new company, secured by a trust agreement with
tho U.S.Mtgo.A Trust Co., as trustee under which there arc to be deposited,
all of tho 20-ycar equipment sinking fund 5 % bonds, the holders of which
may consent to this settlement; 16 2-3% of the total amount of new 4 % notes
Issued are to bo retired annually through purchase by call by lot at par.
Commission was asked to sanction tho purchase of Si 201 hnn nf Mm rAnitni
Tho $190,000 receiver’s certificates are payable only outof earnings of an
stock of tho Tidewater Southern R y., an electric railway now 56 miles in industrial spur at Cleveland. The $300,000 non-transferable certificates of
length, extending from Stockton to boyond Turlock (sco n 123 of "Electric participation are payable out of tho earnings of the Lorain & West Virginia
Railway Section.” ).
Ry. Co. All of tho outstanding securities of tho L. & W . Va. R y., viz.:
An investment of about $2,725,000 is also being made (in Feb 1917) In $1,999,300 stock and $2,000,000 1st M . bonds, of 1913 are owned, the stock
now rolling stock, viz.: (a) By purchase of 2,000 box cars 150 stock cars being pledged under Ref. Mtgo. of 1916, and the bonds as security for the
and 5 Mallet compound locomotives: (o) construction at comnauv’s Jefforv $1,200,000 5 ) 4 % 6-year gold notes, dated Jan. 1 1917. V. 104, p. 665.
shops of 100 stock cars and 6 cabooses.
OFFICERS— Chairman. L. F. Loree, 26 Liberty St.. N . Y .; Pres.,
W . M . Duncan; V.-Pros. & Gen. M gr., H. W . McMastor; V.-Pres., Walter
E A R N IN G S.— Results for Docembor and tho half-year onded Doc. 31:
McNaughton and I. L. Bennett; Sec. & Treas., John G. Stidger, Cleveland.
.
C D rn
^
n
7 a ?ViV
9 1 6 — S ix
Operating rovonuo_____ 19i $715,969mber^$491,817 i$4,752,973M o s . — 1915
‘
S3.948.715
D IR ECTO R S.— F o r T h re e Y e a r s . — Johnston do Forest, F. H . Ecker,
__ _____________ _
/iok sae
........
425,388
364.553
Operating expenses____
2,478,406 L. F. Loree and N . S. Meldrum, N . Y . City; W . M . Duncan, Cleveland.
2,641,137
30,137
21,132
Tax accruals
191.102
163,817 T w o Y e a r s . — Warron Bicknell and J. A . House, Cleveland; James A. Camp
bell, Youngstown: J. II. McClement and H. Hobart Porter. O n e Y e a r . —
$260,444
$106,132 $1,920,734 $1,306,492 W . It. Begg, N . Y . City; Thomas S. Grasselli and E. A. Petrequin, Cleve
Operating Income____
10,968
46,351
Othor lncomo__________
186,700
61,269 land; E. A. Lagonbach, Canton, O .; F. A. Seiberllng, Akron, O.
R EPO R T.— Old company year end. June 30 1916, in V. 103, p. 1299
$117,100 32,107,434 $1,367,761
Total Income_________
$306,795
1409:
36,570
Fixed charges & rentals.
129,643
526,393
225,317
Y e a r —•
G ross.
O per E x p .
T a xes.
N et.
O t h .I n c .
1915- 16.............$9,184,516 $5,960,229 $452,393 $2,771,894 $36,947
Not lncomo..................
$177,152
$80,530 $1,581,041 $1 142 444
1914-15.................. 5,428,069
4,039,740 385,907
1,002.422 20,273
N o t e .— Tho amount of Interest actually accrued on tho now 1st M bonds
6 M o s . to D e c . 31—
during tho half-yoar ended Dec. 31 1916 was $246,813. On tho other hand
Sl.393,079 ............
"other lncomo” was credited with $93,125 as Interest on unexpended balance 1 9 1 6 - ................... $5,227,734 $3,542,890 $286,764
2,663,830 207,769
1,532,043 ............
of bond cash trust fund. Eliminating both these items, the not income 1915........................ 4.403,642
remaining amounts to $1,734,729, as against tho full interest chargo of — (V. 104, p. 165, 665.)
$500,000 for s ix m o n th s on tho $20,000,000 1st M . 5s now outstanding
WHEELINQ TERMINAL R Y.— Owns a railway bridge at Wheeling.
or 3 H times tho required amount.
W. Va., and about 10 miles of terminal track. Successor of Wheeling
D ir e c to r s o f W e s te r n P a c i f ic R R . C o r p .— President Alvin W . ICrech Pros
Bridge & Terminal R y.. foreclosed in 1900. STOCK.— 52.000.000. all
Equitable Trust Co. of N . Y .; C. I.odyard Blair, of Blair & Go • F II
owned by Pennsylvania C o m p a n y , which guarantees prln. and lnt. of bonds
Ecker, Treas. Metropolitan Life Insurance Co.; A. M . Hunt 55 Liberty of whioh 5400.000 arc reserved for add’ns and imnrov’ts; mtge. trustees
St., N. Y .; R. W . Martin, William A. Road Sc Co.; Starr J. Murphy of tho Commercial Tr. Co. of Phila. V. 98, p. 612, 1769. Form of guaranty,
Rockefeller Foundation; William Salomon, of William Salomon & Co.- V. 76, p .655. Divs., 2 % paid in 1906,1907,1911, 1912 and 1913. 1916,
R . II. Young, of E. H. Rollins & Sons; Senator James D . Phelan; Frank 2 % .
Cal. year 1915, gross, S63.163; oper. def., $9,561; other income.
Marsh and Albridge O. Smith.
$100,164; charges, $76,939; bal., sur., S13.665. Sec., S. H . Church.—
Soc.-Treas. Is Lyman Rhoades.— (V. 104, p. 165, 258.)
(V. 98, p. 612. 1769.)
WHITE & BI.ACK RIVER VALLEY RR.— Brinkley to Jacksonport,
W HEELING AND LAKE ERIE R A IL W A Y .— 560 miles of road, viz.:
Ark , 56 miles; Wlville. Ark., to Gregory, 6 m.: total. 62 miles. Leased for
L in es ow n ed —
M ile s . \
M ile s .
80 years from July 1 1900 to the Choctaw Oklahoma Sc Gulf RR . for guar
Toledo, O., to Terminal Juno------ 210 Lorain & W . Va. Ry. (controlled).
anty of lnt., endorsed on bonds. Stock auth., $1,875,000; paid In. $323,
Cleveland to Zanesville, O_______ 144
Wellington to Lorain, O_______ 34
000
Of the $600,000 bonds outstanding, $100,000 had coupons cut oil
Canton to Shcrrodsvllle__________451 trackage (C. O. C. & St. L.) Linfor first 10 years and $200,000 are reserved for extension.— (V. 90. p.504.)
dalo to Wellington....................... 32
Cleveland Belt__________________ 6
W H IT E PASS & YU KO N R Y .— See page 206.
Various branches owned_________89
TO R O N TO 5 '
Bay C ity
i G iand R apids /
HAMILTON,
'St.Thomas
.
MAP OF THE
.
’Niagara Tali:
Western Maryland
Railway
in s in g
D ETRor
/B U F F A L O
[a e k s o n /
CHICAGO
AND CONNECTIONS
W H E E LIN G
.
& m asa
J^yfLStXojlis
i.C a n to n '^ .
/
\
HORTON
•OUISVILLE
&
W A S H IN G TO N
D U R B IN
CHARLESTON
Roanoke
"EVANSVILLE
iButler
Lackawaxe)
DOVER
...
Ronceverte"
'Sherrodsville.
Pittsbui
ita w a if
ShamoEin?
Lew istow n
Branch
W ellsb u r
-r ;°T
Jt r e n t o n
M CKEESPO RT&
efj I
A ltoon a
G
lass.p rt.V
o ^
7j
I
M ouongaheiitVp
/
J
I
y / W e b sterR j.
S '
Moneesenfl ^
X '
H untingdon
jeagirt
F a y e tte Cit^f
Saxton
Reynoldsdalei
■
Coates viHe
Iverett
OMERSET
X AM D EN
[Columbia
/
■
Brownsvi
W H E E L IN G
Uniontown
//
\ ltom id svillo
W
A N D D IX O N
^LINE
N ew Martinsville
/Q
^H A N O V E R VCi
l< y ° {S t
^ TT„ui
, fEMMITSBURQ
^^HOFFMANVILLE
C K D A L e Y j 'C'A
i
aWuLpt. a o o
\v
7 n tireeo M<)unt
* y Hampstead
n ow
F tlesbu s
V
WoodenbuJ*
^J^SkGLYNDON
P arkersbu rg
/
/'C h a r le s tG'.Cn.
iiesteiv,
J
^d u u io rU
(Laurel >A
R a rd iu K Y
I
Rom.
t SLv v
&
#
V .lli; D e u l/ fA
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,
^CHARLESTON
L
R R T C O V lN d T O N
J* U Burner
U Braucher
-W ASH ING TO I
J ia n a s s a ^ # '''
Chariot t e s v i l l g ^ C / Z ^ Fredericksburg
^^Gordonyuie^sv
’ Goshen
Buena Vista
Natural B ridgi
Doswell,
Strathm ore,
■WestpoRtT
Ja m es
R oanoke i
PulaskT
Mechanics^
A rrin gton
C lifton Forge
'G raham
S eafor
Orange
Au gu sta Springs^
/ V Olive
,
>►* D U R B I M /
Cass
_ /
1.
^NNAPOLISg/
Basic,
dSeebert
Clarelnont"
H in ton '
Staunton/
A /^
M
RICHMOND
ipe Charles
[P etersb u rg
Salem
/Atlantic C ity
Reetortow nc
Elkton,
N o rth R iver Gap
\V
§tej£
B luom ont0'
Lu ray .X
y
\ V \\
[Altavista
B urkevillo
NOR
L
me T c ^
s1
[V o l . 104.
Deepwater1
7* ^ W o o d ro w
RiveitohySS/'
I
F M o s tc a
Bernis
r ^ n c ia d j
^
y Beulah
^ D Wikiell
V
Ctiwford i T ^
an
i/crtckf f
H U TTC
R ich w ood o
Bowden
Brid geton;
V \\ \/
B l tim o r e
a
DARING C R .J C .'
j
■/Salem
Y&U
R A IL W A Y STOCKS A N D BONDS
[New Castle J/
s
" °« S
ONS
S T . L O U i^ O lt . C a n n e l
-young*
p h i:
: m in g t o i
'h J P S E L K GARDEN
l
H AR TM A N S
DAVIS
INCINNATI
Gallipolis’
'P u n x s u t a w n l
•P H il a d / L
L O N A C O N IN G
\ /^bAYTON
Paris
ifshenango
Janesville
■QOLUM
BJjSa^
Danvill
IDIANAPOl
136
-St.T.;,:.
F e b . 1917.]
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 , Ac., s e e n o te s o n f ir s t p a g e ]
White & Black River Valley— 1st M g lnt guar..F.xc
White Pass & Yukon— Stock £1.700.000.................... ..
Cons Qrst mtge debenture stock redeem alter 1920Mortgage debentures (navigation bonds) redeem 10,
Securod notes red by drawings------------------------------W hite River R R — 1st M *250,000 auth gold____A1
Wichita Falls & Northw— 1st M g red 105-.FC.xcA
Pan Handle Div first coll Hen tr M gold s f-.F C .x
First A Bet M 510.000.000 gold red 105-.Usm .xo
Wichita Falls & So— 1st M 5780.000 g gu s t -_.F C .xo
Wich Un Term Ry— 1st M g gu red 10814 beg '2 1 .Ce*
Wildwood & Delaware Bay Short Line RR— 1st M ____
Wilkes-Barre & Scranton— Stock 5% rental_
_
First mortgage gold guar p A 1 by L C A N Co
M ile s
R oad
D a te
R onds
62
1900
110
1900
1901
1914
1903
1909
1910
1911
1908
1911
1911
...
20
154
57
378
52
Par
V a lu e
A m oun t
O u ts ta n d in g
R a te
$1,000
$600,000
£1C £1.375.000
£10 Ac
£746,702
£10C
£255.500
£70.000
1.000
200,000
1.000
2.142.000
1.000
843.000
1.000 3.519.000
1.000
729.000
1.000 2.300,000
550 <5eC
350,000
50
500.000
1.000
500,000
500
120,000
1.000
545.000
5 g
W h en
P a y a b le
%
5
6
6
5 S
5 g
5 g
5 g
5 g
4)4
5 g
5
4)4
5
4)4
W H IT E RIVER R R .— Owns Rochester to Bethel, V t.. 20 miles. In
corporated Nov. 21 1902 in Vermont; successor to White River Valiev RB
Stock, $250,000; par, $100. Bonds ($250,000 authorized Issue), see table
above. Year 1912,, gross. $49,845; net, after taxes, $12,853. Pres. Chauncoy
D.Parker. Boston.Mass.; Treas.. E.A.Davis, Bethel.Vt. Office, Rochester,Vt
WICHJTA FALLS & NORTHWESTERN R Y.— Company owns from
Henrietta,
For8SP,» Q^la., 321 m^es» and from Altus, Okla., to
Wellington Tex., 57 m. This includes the Wichita Falls R y., Henrietta,
Tex., to Wichita Falls, 18 miles, all of whose securities are owned, operated
by Mo. Kan. & Texas Ry. under contract extending to Jan. 1 1930. pro
viding for division of rates. Wichita Falls & South. R y., controlled by the
M o. Kan. & rex. (seo below), completed from Wichita Falls to Newcastle,
52 m .. In Sept. 1908. The M o. Kan. & Tex. Ry. of Texas leases the system
for 99 years from May 1 1914, with authority to purchase the same. &c.
V , 96. p. 790; V. 98. p. 999.
STOCK.— 52.000,000, all owned by the Mo. Kan. & Texas Dar 5100.
BONDS, Ac.— The 1st 5s of 1909 (52,300,000 all Issued) are*secured on
154 miles by direct 1st lien or deposit of securities; sink, fd of 1% D a v a b le
seml-ann. V. 8 8 , p. 1439. The Panhandle Dlv. ooll. tr 5s of TO are
secured by first lien on road between Altus, Okla., and Wellington Tex
57 miles, V deposit of all the stocks and bonds issued by co ipanlescom^
prising the division, and further by a lien on the main line from Henrietta
Of the 1st and Refunding gold 5s (510,000,000 auth. issue) . 5 3 JJOILWO
have been sold to build the line from Hammon, Okla north 150 miles
53,370.000 are reserved to refund underlying bonds and 53,630,000 for
new construction, improvements, equipment, Ao. Of the last-named
amount not more than 51,190,000 may be used to Improve the existing
mileage (228) nor $750,000 the 150 completed Aug. 1912 V 9.3 p 873
As to interest payments and committees for Wichita Falls & S o u t h e r n
(July 1916 coupon paid in Dec.) and Wichita Falls & N W First & Ref M*
5s (Jan. 1917 lnt. paid but deposits asked, V . 104 p 7 4 ) see Missouri
Kansas & Texas Ry. Committee. V. 102, p. 2344
P'
REPORT for year ending Juno 30 1910 in V. 91, p. 1708
For vear end
Juno 30 1916, gross. $1,341,790; net, $351,267; other in c o m e $72 124charges, $493,807; bal., dcf.. $70,416. Pres., C . E . SchafP V -P & Gen
M gr., W . A. Webb; Sec., Wiley Blair; Treas., A . WT Eichonberger Wichita
Falls, Tox.; Aud.. A . J. Lyon.— (V. 102. p. 2.344; V . 1 0 4 p 7 4 )
L W IC H IT A FALLS & SO.— See Wich. F . & N . W . above__ V 102 p 2344
il
WICHITA UNION T E R M I N A L R Y — Owns railway terminals at Wich-
These 4 roads own the stock and guarantee Jointly and severailv the * 2
800.000 30-year 434% gold bonds (V. 101, p. 1629).— (V 101 p 1629 )
W IL D W O O D & DELAW ARE BAY SH O R T I INF M — Owns
Rio Grande. N . J.. connecting with Atlantic Oitv Rit
t o Wildwood*
4 miles. Stock. 5500.000; par, 550
Bonds auth
55^2 500 1st Sold
5s; outstanding, 5350,000. Broadway Trust Co. Camden N T
trusteesee table above. Pres.. Hon. J. T . Baker; Treas. W F Short- Sec O I*
Blackwell. Office. Wildwood. N . J .. and Dreiel Bldg Phil'a Pa
*
W ILKES-BARRE & SCRANTON R Y.— (See M a v R c a d ln n V iiitem ) _
Owns from Scranton to Minooka Jet., Pa., 4 .2 7 m.Tof which 1
double track. Leased from May 1 1888 to Lehigh Coal A Nav Co (whloh
holds all the stock) during corporate existence? less one vear a tS 4 7 5 0 0
per annum and taxes. Lease assigned to Central of N . J. i t 6 % on cost of
road (1.141,676) and taxes
W ILLIAM ’ S VALLEY RR.— Williams Valley Jet. to Lykens, Pa. 11 04
a
i ! 1 i t e v . i 4 9:li ! 7a ov ° com” - 83-783:
.
s 9 ;& ; “
“ “ ■
WILLIAMSPORT & NORTH BRANCH RR.— Hall’s to Satterffeld. Pa.
and branch, 46 miles; leases Eagle's Mere R R ., 10 miles: total. 56 miles
Stock (authorized, 52,000,000), common, 5923,950; preferred, 5400,000
par, 550. In Sept. 1909 5150,250 preferred stock was purchased by new
parties. V. 89, p. 780. The 4 34s of 19(11 cover the road and 3,000 acres
l*1 Sullivan County, Pa., $250,000 being reserved lor extensions
V. 72. p. 990, 1280. Equipment trusts Doc. 30 1916, $16,000.
villo, Pa.— (V. 89, p. 780.)
*U N
.0RJ H,RRN RR.— (<S«* M a p s R e a d in g S y s t e m .) —
9nTr Wilmington, Del., to Highs Farm. Pa., 90.39 miles; total track,
lo.
135.84 m . Leased t° tho t’hiki. & Road. Ry. for 999 years from Feb. 1 1900
for hit. on bonds and 3 34 % dlv. on stock, payable quar. (Q.-F. i5) and
organization taxes.— V. 80. p. 1858; V. 102. p. 1812.)
;
WILMINGTON RY. BRI1K1E.— Owns Hilton to Meares’ Bluff.. N . C..
2.4 miles. Stock, 540.000. owned by Seaboard Air Line Ry. and Atlantic
Coast Line RR i{ which Jointly guarantee the 5217.000 bonds— see table
above. Pres., Geo. B. Elliott. Wilmington, N . C.; Seo. and Treas., R L .
Nutt. Portsmouth. Va.
WINONA BRIDGE R A IL W A Y.— Owns bridge between Winona, Minn.,
and Buiralo, Wls., 1.03 miles; opened Sept. 1 1891. Leased for 30 years
to Chicago Burlington A Quincy and Green Bay A Western, the former.
It was reported, acquiring about two-thirds and the latter the balance of
$400,000 stock; par $100. Of the $384,000 5 % bonds due Sept. 1 1915,
$104,000 were paid at maturity and $280,000 extended for 20 years at 6 % .
Sinking fund provision of old mortgago abrogated and sinking fund of $14,
0 0 0 per annum provided, which will retire the extended bonds at maturity.
J
L a s t D iv i d e n d
a n d M a t u r it y
D iv id e n d s a r e P a y a b l e
J June 30 1980
Jan 15 1913 1%
J A J Deo 31 1930
J A J Jan 1 1930
To Nov 1918
J &
J Jan 1 1933
J
A J Jan 1 1939
J A J Jan 1 1925
.1 A J Jan 1 1940
.
J A .7 Jan 1 1938
g M A N Nov 11941
J A D June 1 1941
Deo 31 Dec 31 1916 5 %
g M A N May 1 1938
J A D Dec 1 1924
g J A J July 1 1931
4.27 ____
4.27 1888
11 1903
Williamsport & Nor Br— First M 5750,000;g-.FP.xo
46 1901
Wjlmington Columbia & Augusta— See Atlantic Coast Line RR.
Witlinar & Sioux Falls— Sec Great Northern
90 1887
500
Wilmington & Northern— 1st M call 1907 lnt g u ___xr
354.000
5
90 1892
1.000
Gen mtge 51,000,000 gold p & 1 guar (end) ..PeP.xr
462.000
5 2
Debenture bond.................... ............................................
61.500
5
Wilmington & Weldon— See Atlantto Coast Line RR
2.4 1893
Wilmington Ry Bridge— M guar Jointly__________SBa
217.000
5
1.03 1890
1,000
Winona Bridge— 1st M ext 1935gold s f red at par.Fz
280.000
6 g
89 1910 1.000 Ac 5.000.000
Winston-SalemSouthbound— 1st M g g u -.U s.x c ’ &r*
4 g
«... 1916
1,000
W inston-Salem Union Station Co— 1st M g call.c*
250.000
8
.. -100 11.265.300 4 . 51916
Wisconsin Cent Ry— Pref stk 4% n-c512.500.000 auth
In
1899
All
1.000 23,342.000
First general mortgage.................. — ............ -Us.xo*
4 g
Marsh A S E Dlv 1st M gold subj to call at 1 0 5 .Usx
1,000
33 1901
366.000
4 g
Sup A Dul Dlv A Term M 57,500.000 g (text) Us.xc*
160 1906
1.000 7.500.000
4 g
___ 1909
First and ret M g (560,000,OOOau) lnt gu Gm.xc’ &r
J A £
5.816.000
4 g
Secured gold notes red text--------------------------------------1915
1,000.000
5 g
$1,000
Car trusts various dates Oct. 20 1916____________
11 13
1,556.141 4 .4 ) 4 .5
Wisconsin & Michigan— First mtge g o ld ............. Mpz
1.305.585
136 1895
1 .0 0 6
5 g
General mortgage gold (see text)-------------------------- x
4 g
1905
1.000 V 81,p 1842
—
Wise Minn & Pacific— See Chic Great West By
Wisconsin & Northern— 1st M 510.000.000 g . ..U s . o ‘
...
62
1907
1.000 See text
W orcester Nashua & Rochester— See Boston & Maine
W rightsv & Tcnnille— 1st M s f g red 10214 beg '12zc*
104 1907
1.000
200.000
62
Yosemite Short Line Ry— See Sierra Ry of California
Yesemite Valley— First mtge 53.000,000 gold s f xo
78 1906
1.000 3.000.000
6 tr
Pros, of local (subsidiary) cos., F. O. Elliott, 111 W . Washington So
Chicago.(V. 102. p. 887; V. 103, p. 321; V. 104. p. 363.) vvasmngton Hq"
137
J
J
A
A D Deo 11927
Quar
Aug 1 1932
A J
Owned by
do
do
Phil
do
A A O Apr 1 1913
M A S Sept 1 1935
J A J July 1 1960
A & O Apr 1 1966
See text Oct 2 1916 2 %
J A J July 1 1949
V A N May 1 1951
f
M A N May 1 1936
A A O Apr 11959
F & A 15 Feb 15 1918
To Mch 1 1931
J A J Jan 1 1945
£
F A A Feb 11955
I
J
A
J July 1 1932
I
J
A
J Jan 1 1958
1
J
A
J Jan 1 1936
New York
Bank of Montreal
1
V . 101, v - 1629. Year end. Juno 30 1916. total net earnings, 548.065; lnt.
on bonds, $23,600; taxes, $3,936; rental, $11,667; bal.. sur., SS.862.—
(V. 101. p. 1629.)
“
WINSTON-SALEM SOUTHBOUND RY.— Owns Winston-Salem, N. C .
on Norfolk A Western, to Wadesboro on Atlantic Coast Line R R ., 89 miles,
completed March 1911. The two roads named own the 5125,000 stock and.
Jointly and severally guarantee the 55,000.000 bonds, prln. & lnt. See
form, V. 92. p. 396. Loans and bills payable outstanding June 30 1916.
$1,185,000. Year ending June 30 1915-16, gross, $609,993; net, $276,725:
1914-15, gross, $461,089; net, after taxes, $135,813; other income. $29.781charges. $278,437; bal., dof., $112,844.— (V. 92. p. 396, 1180.)
W INSTON-SALEM (N. C.) UNION STATIO N C O — In July 1916 had
under construction in the business section of Winston-Salem a modem
union passenger station, tracks, power house,&c. The N orfolk* Western
Ry. C o., Southern Ry. Co. and Winston-Salem Southbound Ry. Co. own
the capital stock, unconditionally guarantee the bonds. Jointly and sever
ally, both prin. & lnt., by endorsement on each and have contracted to use
the terminal throughout the life of these bonds, paying as rental an amount
equal to the cost of operation and int. on tho bonds. Bond issue (limited to
$250,000) is callable at 10734 & int. after Oct. 1930. V. 103, p. 944.
Incorp- in North Carolina Dec. 16 1915.— (V. 103, p. 240.)
WISCONSIN CENTRAL R A IL W A Y .— SYSTEM extends from Chicago,
to Ashland, Wls., and Lake Superior Iron mines; also to St. Paul and Minne
apolis and to Superior and Duluth. By car ferry connects with the Pere
Marquette and has a short line to the East. V . 63. p. 117. System Includes
L in e s ow n ed —
M ile s .
L in e s ow n ed —
M ile s .
Ohio, to Trout Brook Jot., W ls .. 459 Marshfleld to Nekoosa..............
33
Spencer to Ashland, W ls_________ 146 Other branches______ ______
109
Owen to Superior________________ 153 T r a c k a g e to Ohio.. Minn.. A o.
78
Branch to Bessemer______________34 Rugby to Milwaukee, Ao_____
28
Stevens Point to Portage C ity .. 71
Neenah to Manitowoc____________ 37
Total June 30 1916______
1,127
ORGANIZATION.— Successor July 1899 of Wisconsin Cent. Co., fore
closed per plan V. 68. p. 725: V. 69. p. 29. 133; V. 70. p. 434. In Jan. 190£
Minn. St. Paul & S. S. M. acquired 51% of common stock, affording that
road a Chicago connection, the road being leased for 99 years from April 1
1909. and most of the preferred stock exchanged for Minn. St. P. & S. S. M.
leased line certificates, secured by deposit of Wlso. Cent. pref. stock, on
which 4% dlvs. are paid. V . 88. p. 159, 232. 566. 626, 750. 1003. 1439:
V . 89, p . 780.
STOCK.— Stook, authorized, oommon, 517,500,000; pref., 4 % nonoum. 512.500.000. Outstanding, com., 516.119,600: pref., 511.265,300:
par of shares. 5100. After 4% dividends on both classes shall have been
paid In any year, both shall participate equally In any further dividends
for such year. The preferred has the right to elect a majority of the direc
tors on failure for two successive years to receive 4 % per annum.
DIVIDENDS.— First dlv. on pref.. 4 % for tho year, paid 1% Deo. 23
1908 and 1% eaoh on Mch. 11 and July 15 and Oct. 15 1909. On June 15
1910. 2 % ; Oct. 1, 2 % : 1911 to Oct. 2 1916. 4 % yearly.
BONDS.— The 1st Gen. gold 4s of 1899 are secured by a mtge. upon al*
the lines of railway, terminals, equlpm't and other property aoqulred there
by, and also by deposit of all securities owned or acquired under the plan
Of the generals, up to June 30 '14. $1,807,000 were purchased In the open
market and canceled. V. 75. p. 734, 1204; V . 77, p. 1236; V . 86. p. 1591.
The Superior & Duluth Division & Term. 4s are limited to 57,500,000.
the present amount outstanding; they cover the road from Owen. W ls.,
via Superior to Duluth, Minn.. 160 miles, and terminals at both Superior
and Duluth. V. 82, p. 806, 930, 1103; V . 83. p. 986: V. 84. p. 1429; V .
85. p .5 3 2 ; V . 86. p. 1411; V . 88. p .8 2 4 .
Tho "First and Ref.” mtge. Is limited to $60,000,000, of which $36,459,000
is reserved to refund existing bonds and equipment obligations and the re
mainder for general purposes; $6,000,000 have been sold. V. 88. p. 687.
824. 884; V. 89. p. 44. 1069; V . 94. p. 489; V. 98, p. 840. The Minn. St!
1’ . & Sault Ste. Marie guarantees interest on the bonds. V . 95, p. 969.
Tho $776,000 Ch. W . & M . 6s, due March 1 1916, were paid on presenta
tion (V. 102, p. 885) and may later be refunded by issue of First & Ref. M .
bonds. V. 102, p. 1061.
Tho $1,000,000 3-year 5 % gold notes dated Feb. 15 1915 are secured by
deposit of $1,500,000 First & Ref. 4s and guaranteed prin. and lnt. by
Minn. St. P. & Sault Ste. Marie. They are redeemable as a whole to
Feb. 15 1917 at 101 and in Aug. 1917 at 101H and int. V. 100. p. 557.
E A R N IN G S .— 6 m os.,/1916.............. Gross, $6,553,526; net, $2,559,451
July 1 to Dec. 31.
U 915_______ Gross, 5,863,002: net, 2.135.481
REPORT.— Report for year ending June 30 1916, In V. 103, p. 1208.
,
1915-16.
1914-15.
1913-14.
Operating revenue.......................
$12,205,239
$9,945,370 $10,588,533
Operating income after taxes................. $4,518,025 $2,525,976 $2,846,029
Other Income--------------------------------------51,846
61,281
46,709
Total not income.................
$4,569,871
Interest, rentals, &c................................. 2.513.012
$2,587,257 $2,892,738
2,450,525
2,375,042
Balance, surplus..................................... S2,056.859
$136,732
$517,696
Dividends on preferred.........................
$450,612
$450,688
$450,688
Dividends paid out of accumulated surplus, but substantially paid dur
ing respective years shown— see V. 93, p. 792.
D IRECTO RS.— E. Pennington, A . n . Bright. W . L. Martin, J. S. Pillsbury, C. E. Wales, O. T . Jaffray, George F. Piper and J. D . McMillan,
Minneapolis; Leroy W . Baldwin, New York; M . H . Ballou, Menasha. W ls.:
W m . Irvine, Chippewa Falls, Wls.
OFFICERS.— Pres., E. Pennington; V .-P ., A . H . Bright; Comp.. O. W .
Gardner; Treas., Chas. F. Clement, and Sec., G . W . Webster, all of Mlnne
apolls; Asst. Sec., J. A. Millington, Milwaukee.— (V. 103, p. 1509.)
W ISCONSIN & M ICHIQAN R Y .
W ISCO N SIN M INNESOTA &
PACIFIC RR. W ISCONSIN & NORTHERN RR. W R IO H T S V IL L E
& TENNILLE RR. and YOSEMITE VALLEY R R .— See page 195.
INDUSTRIAL A D M
N ISCELLA EO S CO PA IES.
N U M N
M IS C E L L A N E O U S C O M P A N IE S .
[F or abbreviations, & c., see notes on f irst page]
Acm e T e a Co— Common stock_______________________________
First preferred stock 7% cum call 110 s fd 2% yea rly______
2d pref stock 7 % cumulativo______________________________
Adam s Express— Stock— 120,000 shares__________ __________
Collateral trust mortgage gold__________________________Baz
Collateral trust distribution mortgage gold .............. _Gz
A d va n ce R u m ely C o.— Debs $3,500,000 g sk fd call 102M -A etn a Explosives Co In c— Cora, stock auth. 630,000 shrsP re f stock 7% cum $5,500,000 (pref sink fund 4% yearly)
First mortgage $5,300,000 authorized, callable at 105--G
A ja x R u b b er Co In c — Stock $10,000,000 listed o f N Y S tkE x
A laoa m a Pow er C om pany—
1st M $100,000,000 s fd call 105 after 1921_______ Us.c*
Alabama Trac Light & Power Co— Com stock 525.000,000-Prefcrred stock (a & d) 6% cumulative $5,000,000---------First M $25,000,000 gold red 105 1% sink fund beg 1920 c*
Other bonds— see text.
Alaska Q old Mines— Stock authorized $10,000,000_________
Debens Ser A g conv red 110 beg 1918 text_________Q .yc*
do Ser B $1,500,000 g conv red 110 beg 1919------ G yc*
A lgo m a Steel C o rp o ra tio n — See Lake Superior Corp.
A llis-C halm ers M a n u fa ctu rin g Co— Common stock-------Preferred stock (a & d) cum (see text) red 110___________
Bullock (Th e) Elec M fg 1st M $936,000 auth_____________
Data
Bonds
1898
1907
1915
1914
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
$100 $3,500,000
M a r 1 1917. \ K
T ext
Text
2.750.000
100
M a r 1 1917, I K
Text
Text
500,000
100
Dec 1 16 S t .50
$6 inl916 Q— it
000
100 10.000.
M & S Mch 1 1948
8,037,500
4 g
500 &c
J & D June 1 1947
4g
500 &c 10,601,700
1925
3.350.000
6g
None 629,940 shs
5,495,900 See text Q-J 25 Jan 1917 none
100
6
2.188,850
Q— J Jan 1 1945
Q— M Doc 15 '16. 2 K
7.100.000 See text
50
6.750.000
5g
17.000.
000
1,000,000
13,138,400
5 g
Places Where Interest an4
Dividends are Payable
Checks mailed
do
do
do
do
61 Broadway, New York
Bankers Trust Co, N Y
Guaranty Trust Co, N Y
Guaranty Trust Co N Y
N ew Y ork
M
&
S M ar 1 1946
Harris, Forbes & Co
M
&
S Mch 1 1962
Seo text
M
M
&
&
S M ar 1 1925
S M ar 1 1926
Guaranty Trust Co, N Y
do
do
1912
1,000
100
100
100
1915
1916
10
100 &c
100 &c
1914
000
100 26.000.
100 16,500.000 9 in 1916
Q— J Jan 15 i§ i7 ,3 %
First Trust C o.,
J & J Jan 1 1934
6
100 &c Seo text
1916
7.500.000
1.494,800
1,488,400
6g
6 g
M llw
ACM E T E A C O .— O R G A N IZ A T IO N .— Incorp. In Pennsylvania in
June 1916 to succeed the Acm e T ea C o. (V . 94, p. 561), established in
1885. Has a chain o f 437 stores located in the eastern part o f Ponn. and
N . J. in 80 cities and towns, notably Philadelphia, Trenton, Reading,
Camden, Harrisburg, Allentown, Lancaster, Y ork, Chester, Bethlehem,
Easton, Long Branch, Asbury Park, Cape M a y and A tlantic C ity. Soils
teas, coffees, spices and grocery products: also from its own modern bakery
in Philadelphia, bread and cake. Stock: Common, $3,500,000, in $100
shares: pref., see table and V . 102, p. 1988: V. 103, p. 62. N o bonds or
mortgage. Dividend— N o . I, o f 1M % — on the 1st and 2d pref. paid
Sept. 1 1916: N o . 2, 1 K % . Dec. 1 1917: M a r., 1 K % .
E A R N IN G S .— For year ended July 31 1916 (tncl. 11 mos. old co.):
(A ll S)
1916— July— 1915
1916— A ug.— 1915
1914-15-Yr. -1915-16
G r’s sales 1,494,729 1,367,406 1,334,694 1,215,477 12,521,405 16,705,316
N ot profits for fiscal year ending July 3 1916 were_______________ $689,277
Divs. for fu ll year (1st p f., 7% , $192,500; 2d pf., 7% , $35,000)227,500
Chairman, A . J. Moxham; Pres., II . S. Kim ball; V .-I’ res. & Troas., F. L
Belln; Sec., Charles W . Graham, 120 Broadway, N . Y . — (V . 104, p. 258
561.)
A J A X R U B B E R C O ., IN C .— O R G A N IZ A T IO N .— Incorp. In N . Y .
Doc. 20 1915, succeeding Ajax-Grieb Rubber C o.. Trenton. N. J.. estab
lished Sopt. 11 1906. V. 101, p. 2073, 2146. In Doc. 1916 purchased
Racino (W is.) Rubber Co. and Increased its own auth. cap. stock from $5,
000,000 to $10,000, o f which $7,100,000 outstanding. V. 104, p. 363:
V. 103, p. 2429. Listed on N . Y . Stock Exchange Juno 28 1916; seo official
statomont to the Exchango, with description o f properties, balanco sheet,
&c., in V. 103, p. 250. Has no pref. stock and no funded dobt. D iv . N o.
1, 2 'A % , M a r. 1916; 2 K % Juno, Sopt. and Doc. 1916.
C O M B IN E D E A R N IN G S .— For year ending Dec. 31 1916, in V. 104,
p. 363 (incl. Racine Rubber C o .), showed: Sales, $10,335,178; othor in
come, $255,835; cost o f production, &c., expenses, $10,330,419; not, profit,
$260,594; add increase in inventory, $1,007,717; total, $1,268,311.
Balance, surplus, for the fiscal year ending July 3 1916______ $461,777
1916— December— 1915.
Increase 11916-6 M o .to Dec. 31-1915. Increase.
*1,706,766
$1,248,786
$157,980 IS9.497,521 $7,876,754 $1,620,767
Pres., John Glenn, Phila.— (V . 103, p. 1793. 2157. V. 104, p. 165.)
D IR E C T O R S A N D O F F IC E R S .— Horace Do Llssor, William G. Grlob
(Pres.). II. W. Stlmpson (Troas.), J. O .M atla ck (Sec.), Louis P. Destribats;
Robert A . Patteson, W m . J. Jackson, Herbert H . Maass and Hugh K .
Prlchitt. N . Y . office, 1796 B ’way. Prich itt & C o., N . Y ., are Interested.
— V. 103, p. 62. 236, 250, 2239, 2429: V. 104, p. 363.)
A L A B A M A P O W E R C O .— O R G A N IZ A T IO N , &c.— Incorporated in
1906 in Ala. and serves directly and indirectly tho major part o f tho urban
population o f Northern A la., including tho co-calied "Birm ingham Dis
trict,” a total population of ovor 325,000, doing (a) directly, all tho elec
tric light and power business in Auniston, AttaTIa, Talladega, lluntsvillo,
Decatur and Now Decatur, &c.; (5) tho street railway business In Anniston
and Huntsville; (c) the gas business in Anniston .Docatur and Now Decatur;
(<Z) furnishes all tho current used by the Birmingham R y ., L t. & Power Co.
in Greater Birmingham and Bossomor, and all tho current distributed by
local companies in Tuscaloosa and in Gadsden and Alexander C ity; (e)
serves large industrial power consumers.
Owns: (a) Now hydro-electric development on Coosa R iver. 45 milos
southeast o f Birmingham, installed capacity 90,000 h. p. (b) N ow stoam
turbine station o f 15,000 h. p. at Gadsden, (c) Additional stoam plant de
signed for 70,000 h. p. under construction, (a) Hydro-eloc. development o f
2.000 h. p. at Jackson Shoals, (e) 675 milos o f stool-tower transmission
linos to Birmingham, &c. (/) Largoly through subsidiary companies, hy
dro-electric possibilities aggregating several hundred thousand horse-power.
A D AM S EXPRESS.— O R G A N IZ A T IO N .— An unincorporated assocla"
tlon formed In 1854. operating on about 45,153 miles of railroad. Incl. N Y '
N . H . & I I., Penn., Ches. & Ohio, Loulsv. & N a s h v.,C h ic . Bur. & Q .’
D el. Lack. & West., Pere M arquette, &c., having in 1914 added about 5.000
miles. V . 98. p. 1921: V . 96, p. 1366: V. 94. p. 1254; V. 97, p. 368, 1359:
V . 95. p. 179, 204, 1118. V. 100, p. 289, 371.
BO N D S.— In 1898 treasury securities were pledged with Mercantile Trust
Co. to secure (subject to prior Indemnification of shareholders from any
loss by reason of personal liability) $12,000,000 of 4% bonds. These last
were then distributed, $100 bonds per share. V. 66, p. 470: V. 85, p. 1647.
O f tho bonds $3,962,500 wore held by the trustee June 30 1916.
In 1907 treasury securities were pledged to secure $24,000,000 collateral
trust distribution gold 4s. each shareholder receiving $200 bonds per share.
O f the bonds $13,398,300 were held by the trustee Juno 30 1916. Secured
loans outstanding June 30 1916, $5,500,000.
C A S H D IV S . I ’08.
’09-’ 13.
’ 14.
’ 15.
T6 .
1917.
& c., since 1907 .-.--I S'
$8
12 y ’ly
$5 50
$4
$6
M a r., $1.50
R E P O R T .— Y ea r ending Juno 30 1916 in V. 103, p. 1884.
Juno 30
Cross
Operating
Other In l.,& c ., Dividends
Balance,
Year— Receipts.
Income.
Income. Charges.
Paid.
Surplus.
S T O C K .— $18,751,000, all owned by A la. Tra c., L t. & P . C o., which seeB O N D S .— O f tho authorized issue, $100,000,000 for future needs,
1915-16-42,983,420 1,927,561 2,558.921
1,267,110 (5)500,0002,7l'9,372
$4,750,000 is outstanding, $l,0o0,000 may bo issued against present prop
1914-15-35.139,984df.316,998 2,141,673
1,009,589(4^)453,780 361,306
erty when tho annual not earnings aro twice tho interest on the bonds out
Pros., W m . M . B arrett.— (V . 102, p. 610: V. 103, p. 1884.)
standing, and those proposed; tho remainder may bo Issuod for only 80%
o f cost o f extensions and additions with same requirements as to earnings.
A D IR O N D A C K E L E C T R IC P O W E R C O .— Plan.— V. 104, p. 561.
Seo V. 102, p. 1250. A ll old bonds retired.
A D V A N C E R U M E L Y C O — O R G A N IZ A T IO N .— Incorp. In Indiana
R E P O R T .— For year ending Oct. 31 1916 (V . 104, p. 75), showed:
Dec. 15 1915 as successor after receiver’s sale o f properties o f Rumely Co.
Gross earnings, $1,315,126; net after taxos, $790,566; Int.charges, $337,500;
and Rumely Products Co., per plan In V. 101, p. 777, 851, 1276, 2146.
Business established in 1853. Has plants at La Porte, Ind., Battle Creek, balanco, $453,066.
President, James M itchell, 120 B ’way, N . Y . — (V . 104, p. 75.)
M ich., <5cc., for tho manufacture o f agricultural implements such as thresh
ers, plowing engines, &c. V. 93, p. 1538: V. 94, p. 71; V. 95, p. 1750:
A L A B A M A T R A C T IO N , I.IC1HT & P O W E R C O .. L T D .— O R G A N I
V. 96, p. 1018: V. 101, p. 2078; V. 102, p. 1626.
Z A T I O N .— Incorporated in Canada Jan. 5 1912 and owns through its sub
N E W S E C U R IT IE S .— (a) $13,750,000 com. stock, par $100: (6) $12, sidiary, the Alabama Power Co. (which seo above), hydro and othor oloc500,000 6% pref. (p. & d.) stock cum. after Jan. 1 1919, and callable any tric properties in Alabama. Also owned, Dec. 31 1915, $500,000 com. and
.
time at 105 and divs., par $100; (r) $3,500,000 10-year 6% sinking fund $1,500,000 2d pref. stock of United Gas & Electric Corporation. V. 94,
p. 628, 981. 1696; V. 101, p. 283. See Alabama Powor Co. abovo.
debentures (callable 102 A and int.) protected by provisions o f trust deed
and a sinking fund o f $100,000 yearly for first 5 years and $200,000 per ann.
B O N D S .— Tho holders o f 1st 5s o f 1912, duo 1962, voted In Oct. 1914 to
thereafter. Listed on N . Y . Stock Exchange to Feb. 1917, $12,060,400 waivo dofault on coupons due Sept. 1914 and March 1915, and to grant an
common stock, $11,528,500 pref., further amounts bolng held to settle in extension of payments to Sopt. 1917 and M ar. 1918, also to m odify sinking
determinate claims o f old co.
Bal. sheet Jan. I 1916, &c.. V. 102.p. 1626. fund provision. The Sopt. 1915 and M ar. and Sopt. 1916 coupons wero
O U T P U T .— In 1913. $11,492,281: 1914, $7,419,927: 1915, $4,723,695.
paid when duo. V . 99, p. 1053; V. 101, p. 2$3, 775.
O F F IC E R S .— Finley P. M ount, I’ res.; J. I I . Guy, V.-Pros. and Troas.,
R E P O R T .— Report for year 1915, in V. 102, p. 2337, showed: Oper.
A . II. Berger, Com pt. and Sec. Directors: Finley P. M ount, W . E. T a y revenue, $1.014,346; net operating income ,$569,605; Interest, &c., received
lor and Maurieo Fox, La Porto, Ind.: John W. Platten, Frank N . B. Closo,
(not), $80,756; total before bond interest and depreciation, $050,361.
Honry II. Wohrhano and Elisha Walker. N . Y . City; Stephon S. Strattan
D IR E C T O R S .— James M itchell, Pres., London; Lawrence MacFarlano.
and C . Edgar E lliott, Chicago; B . T . Skinner, Battie Crock, M ich.; Lucius
K . C ., V.-Pres., Montreal; Frank 3. Washburn, Nashville; E. Mackay
Teter o f Chicago.
Edgar, London, and William J. Henderson, Montreal. Secretary-Treas
O ffice, Laporto, Ind.— (V . 102, p. 346, 1626, 2344: V. 103, p. 580.)
urer, William J. Henderson, 20 Guardian BUlg., Montreal. President’ *
A E O L IA N -W E B E R P IA N O & P IA N O L A C O .— (V . 103. p. 2429.)
office, 120 B ’way, N . Y . — (V . 102, p. 1061, 1251, 2337; V. 104, p. 71.)
A E T N A E X P L O S IV E S CO .. IN C .— O R G A N IZ A T IO N .— Incorporated
A L A S K A G O L D M IN E S CO,— O R G A N IZ A T IO N , &c.— Incorporated
In N ew York in N o v . 1914 acquired directly or through stock own
in Maine Aug. 26 1912. Owns over 95% o f tho $12,000,000 stock and over
ership the plants and properties o f the Aetna Powder Co., Miama Powder
Oo., Keystone National Powder C o., F. II. Brewster, Inc., Jefferson Pow- 93% o f the $3,500,000 1st M . 20-year 6% bonds o f tho Alaska Oastlneau
dor Co., Birmingham, A la., Pluto Powder C o., M ich., & c., and built other Mining Co. Th e latter owns a low-grarlo free-milling gold deposit near
Juneau, Alaska, and is constructing a mill with an estimated capacity o f
plants. V. 100, p. 1594. 2012; V. 101, p. 132: V. 102, p. 1630, 438.
P R O T E C T IV E C O M M IT T E E .— In Fob. 1917 a committee w ith W ill 8.000 tons per day. Application to list, showing properties, bal. sheet
Dec. 31 1914 and 1915, Ac., V. 102, p. 1633; V. 100, p. 1175.
iam A . Bradford as Chairman and T . O. Gillespie, 14 Wall St., as Secrotary,
asked all shareholders to deposit their certificates for mutual protection
D E B E N T U R E S .— The 10-yoar 6% debentures, Sorias " A , ” dated
either with Guaranty T r. C o., N . Y ., or Merch. N at. Bk., Boston, as de March 1 1915, as also Series “ B ,” dated Fob. 1 1916, aro convertible Into
positaries. V. 104, p. 665.
stock at $30 per share and redeemable on or after 3 years at 110 on 60
P L A N .— In Jan. 1916, owing to unavoidable delays In the completion days' notice. Seo application to list, V. 102, p. 1626; V. 100, p. 1175, 476.
o f the plants and thb unexpectedly largo cost o f building, the company As to Sor. " B " soe V. 102, p. 346.
O F F IC E R S .— President, Charlos Hayden; Vlco-Pres., & M an. D irector,
required $8,400,000 to moot $4,000,000 notes (largely secured by pledge o f
*3.500.000 1st M . bonds and o f contracts and equities), due and shortly to D. C . Jackling: 2d V .-P ., II. G. Bell; Sec., K . R . Babbltt;Treas., O. W .
mature and for tho remaining construction work. I t was therefore voted Petors.— (V . 102, p. 346, 523, 1626, 1633.)
(a) T o lncreaso tho common stock from 70,000 shares, par $100, to 030,000
A L G O M A S T E E L C O R E .— See Lake Superior Corp.; V. 99. p 1216
shares o f no par valuo. (b) T o issue in placo o f each $100 common share
throe common sharos without_par value, (c) T o soil tho remaining 420,000 1526. 1599; V. 100, p. 1080, 1169; V. 101, p. 924; V. 103, p. 845, 2081.)
shares at $20 each. The entire 420,000 shares having been underwritten,
A L L IS -C H
T U R IN
O .— O R
were offered at said prico to common shareholders. V. 102, p. 438, 610. Incorporated A L M E R S M A N U F A C 15 1913G CsuccessorG A N IZ A T IO N .—
in Delaware on M ar.
as
o f tho Allis-Chal
In 1916, all o f tho 5% gold notes o f 1915 were paid off. In Jan. 1917 thero mers Co. (foreclosed) per plan V. 94, p. 913,with now cash working capital.
were some $2,700,000 notes outstanding.
Manufactures heavy engines, mining and other machinery. V. 94, p. 913.
S T O C K .— Of the $5,500,000 pref. stock, the final $2,000,000 was sold in Had no bonded debt, in Jan. 1914 purchased Bullock Elec. M fg . C o., the
N o v . 1915. V. 101, p. 1554, 1715. Dividends on pref. stock Apr. 1 1915 $1,170,000 pref. stock being exchanged for 80% in bonds secured on tho
Oct. 1916, 7% per annum (Q .-J.). In Jan. 1917 no dividend was paid; Bullock plant. On Dec. 31 1915 the company owned $919,400 Bullock
though doing a largo business, tho company needed considerable additional Elec. M fg . Co. bonds out of an issue of $936,000. V. 102, p. 1724.
working capital. Seo V. 104, p. 258.
S T O C K .— Tho prof, stock Is pref. both p. & d., cum. from Jan. 1 1913
B A L A N C E S H E E T O F M A R C H 31 1916 (in V. 103, p. 408) showed: at 5% per annum; from Jan. 1 1915 at 6 % , and from Jan. 1 1917 at 7 % .
Funded dobt, $2,228,500: current liabilities, $5,386,824; reserve and ad but entitled to 7% from beginning If earned and declared. It may elect
vances on contracts, $5,836,200, as against inventory, notes, accts. receiv a m ajority o f tho directors and Is redeemable at 110 and divs. O f tho issued
able and cash, $9,467,627, and special deposits in escrow and adv.ances stock as in table abovo tho treasury hold Doc. 31 1915 $229,250 common
on contract, $3,395,183. British $5,000,000ordor Fob. 1917, V. 104, p .561. and $650,500 pref. V. 102, p. 1724.
M IS C E L L A N E O U S C O M P A N IE S
[F o r abbreviations, &c., see notes on first page\
American Agricul Chemical Co— Stock common $50,000,000
First m tgelm nds ~conv'$ 12,000,000 red 10 3 --.C o l.xc* Ar*
Debentures $15,000,000 convgrod 101 beg Feb 19Gyc*&r*
American Bank Note Company— Com stock $5,000,000------Gold notes part redeemable par text---------------------------American Beet Sugar— Common sto c k .- - - - - - - - - ..............
American Brake Shoe & Foundry— Com stk $5,000,000 auth
Pref (a & d) stk 7% cum & partic $5,000,000 (see text) . .
First mortgage gold sinking fund redeemable (t e x t )------ x
American Can— Common stock $44,000,000 authorized-----Preferred (a Is, d) stock 7% cumulative $44.000.000-------Debentures $15,000,000 g rod 10244 s f beg M ay '14-B a.xc*
American Car & Foundry— Common stock S30,000,000----- u
Preferred (a A d) stock non-cum $30,000,000— ............ O
American Chicle— Stock common $8,000,000.------------------Preferred (a & d) stock 6% cumulative $3.000,000-------American Cigar Co— Common stock $10,000,000...................
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
Q— J
100 18.430.900 AH In T6
100 27.558.200 6 in 1916 Q— J
A A O
5
9.069.000
1908 1,000 Ac
F Sc A
8.500.000
6g
100 &c
1914
60 4.4 95.700 See text Q— F
4.495.650 6 in 1916 Q— J
50
M &S 15
200.000
5g
1,000
1915
Q F
Q— J
5.000,000
6
100
4,600.000 7 In 1916 Q— M
100
4,968,800 10 in T6 Q— M
100
M A S
672,000
5g
1.000
1902
100 41.233.300
100 41.233.300 See text
Q— J
F & A
5g
500 12,380,000
1913
000 1916 Q— J
2 In
100 30.000.
100 30.000.
000 7
Q— J
100
8,000,000 See text
100
3.000,000 6 in 1916 Q— J
100 10.000. 000 6 In 1916 Q— F
100 10.000,000 6 in 1916 Q— J
Jan 15 T7, I X Checks mailed
do
do
Jan 15 T7 . 144
Columbia T r C o,N Y A Bos
Oct 1 1928
New Y ork and Boston
Feb 1 1924
Feb 15’ 17, I 44% Checks mailed
____
Jan 2 1917 l 4
4
do
do
Bankers Trust C o, N Y
15 Sep ’ 17-T8
25
1,500,000 6 in 1915
100 20,237,100 See text
100 10.198,600 6 In 1916
1,000
5.000.
000 g
5
1,000
5.000.
000
5
Office 1 Broadway, N Y
See text
M ar 1 1917. 1% Winslow, L A Co. N Y
do
do
Dec 1 1916, 3%
do
do
M av 1 1931
do
do
N ov 11917
—
American Cities Co— Sec ‘ ’ Electric Railw ay Section.
(The) American Cotton Oil— Common stock *20.237.100
Pref (a A d) stock 6% n-o sub to call 105 $14,562.300..
Bonds S I5.000.000 authorized gold red 105--------- Ce.xc
1 9 li
1915
T h e stocks are held by James N . Wallace. Charles G. Dawes. A lex
ander J. Hem phill, W . Kmlen Roosevelt and Henry F. Whitcomb as
voting trustees till March 27 1918. or some earlier date at their discretion.
No mortgage lien Is to be created so long as any of pref. stock remains
outstanding, unless 80% o f pref. stock v. t. c. shall give consent.
P R E F . D IV ID E N D S .—
1916: Jan. Apr. July. Oct.
1917: Jan
1K
R e g u la r ________________ - ....................
On accum ulations.. .......... ..............,--1n
In Jan. 1917 the accumulated pref. dividends were reduced to 10%.
R E P O R T .— Y ea r 1915. V. 102, p. 1714, 1724; 1916, V. 104. p. 561.
Calendar
Sales
Factory
Other
Total
P f-D iv s .
B a L .S u r p l
Year— Hilled.
Prol lls‘
In c '
N$ ‘
or D eficit.
1916
' 19,440,509
................. 3,165,019 1,426,455 s u r.l,738,564
1915----- 11 666 413 2,084,149 347,257 1.078,353
475.485 sur 602,867
1 9 1 4 lIIIlO ,323,150 1.101,976 252,641 df.25.068 .............def.
25,068
Earninos &c.— 1st Quar. ‘ d Quar.
2
3d Quar.
Alh Quar.
Total.
."..1916-54,374.840 $5,106,130$4,217,860 $5,741,679 $19,440,509
do ...1 9 1 5 . 2,017.712
2,816.181 3,062.371 3,770.148 11.666,413
N e t profit 1916.
740,337
950,761
->45,199
028,722
3,165,019
do
1915. loss8.915
194,813 .338.008 M 559 446
1.078.352
U nfilled orders on hand Doc. 31 1916, $13,424,486. V. 102, p. 1719.
D IR E C T O R S .— J. H . McClem ent (Chairman) o f N . Y .; Fred Vogel Jr
(Chairman Exec. Com m .), Otto I I . Falk (Pres.), Oliver O. Fuller, J. D .
M ortim er, o f Milwaukee; M ax Pam and F. O. Wotmore o f Chicago; Charles
F. Pflster, Arthur W . Butlor, Charles W . Cox, Oscar L . Gubolman, R . G.
Hutchins Jr., Arthur Coppell and G. M . F -.M urph y o f Now Y ork, and
James P . Winchester, o f Wilmington. Del. Office, M ilw a u k ee— (V . 102,
p. 1714, 1719, 1724, 2078; V. 103, p. 1303, 1594; V. 104, p. 258, 561.)
AMERICAN AGRICULTURAL CHEMICAL CO.— O R G A N IZ A T IO N .—
Incorporated In April 1899 In Connecticut under special charter. V . 68,
p. 974, and V. 72. p. 672; V. 73, p. 664' V. 75, p. 241, 292. 440; V. 77. p. 349
V. 83. p. 1230; V. 84, p. 272; V. 87. p. 874: V. 92. p. 324: V. 93. p. 1669;
V. 94, n. 209; V. 98, i>. 525. See V. 71, p. 545. Good-will, patents, & c.t
are carried at $1. V. 103, p. 754.
S T O C K .— V. 94, p. 632. 1121; V. 95. p. 542, 1912.
BOND S. -T h e 1st M. bonds (S12.000.000 auth.) are convertible Into
.prof, stock at par. Sinking fund, 3 44% annually o f all bonds Issued; retired
*by sinking fund to June 30 1916, $2,315,000; converted into pref. stock,
$616,000. V. 87, p. 741,814, 874; V. 92, p. 264, 324. Tho 5% debentures
($15,000,000 auth.) are convertible Into common stock at par, $6,500,000
boing reserved for future requirements. N o additional mortgage can be
placed on tho property while bonds remain out. V. 98, p.525; V.100, p.1512.
D IV ID E N D S .— Paid on common, Jan., 1912, to July 1916, 1% quar.
in Oct. 1916 increased to 114%; 1917, Jan., 1 44%. V . 103, p. 1120.
R E P O R T .— Report for year end.June 30 1916, In V. 103. p. 754, showed:
Fiscal
Total
Bond
Reserves. PreJ.Div. Com.Div. Balance,
Year— Income.
Interest.
c6c.
(6 % ).
(4 % ).
Surplus.
1915-16-S8.174.828 $883,392 $1,845,908 $1,653,492 $737,236 $3,054,799
1914-15. 6.225.121
838,094 1,711,882 1,654,176 737,236
1.283,733
Total surplus June 30 1916, after writing o ff $4,193,112 for brands,
patents, good-will, &c., $8,638,388.
D IR E C T O R S .— Robert S. Bradley (C hm n.L Peter B Bradley (Pres.),
Wm. Prascott (1st V .-P .). Wra, W . Baker (2nd V .-P .), James M . G ifford
(3d V .-P .), Thos. A . Doe (Treas.), Geo. B. Burton, G o e .C . Bingham,
A . B. Hepburn, VV. J. Brennan, Samuel Carr, J. F. Kehoe, George O. Leo,
Marcell us K. Wheeler, J. II. Cottman, D. Crawford Clark, F . L . Ames.
Chas. W . Priddy. Calen L. Stone, George E. ( ope and Horace Bowker
(Sec’y ) • N . Y . office, 2 Rector St.— (V. 102, p. 1348; V. 103, p. 754,1120.)
AMERICAN BANK NOTE CO.— O R G A N IZ A T IO N .— Incorporated In
N . Y . Feb. 20 1906 as tho United Bank N ote Corporation, per plan V. 81.
p. 1851, 1794; V. 92, p. 1315, 1503; V. 96, p 714.
In June 1916 still
owned the building formerly occupied In lower N . Y . C ity. In Oct. 1915
received contract for $500,000 000 Anglo-French bonds. V. 101, p. 1372.
S T O C K .—Sold to stockholders in 1909 at par. $500,000 each of common
and preferred, to build the new plant in Bronx Borough, N . Y . Both stocks
were listed on N . Y . Stock Exch. In June 1916. V. 103, p. 62. N o lien
shall bo created or additional stock Issued without tho assent o f 80% o f
each class o f stock.
’06. 1907-11. T2 . '13. T4 . T 5 . ’ 16.
1917.
D IV ID E N D S .—
2 4 yearly
5
6 3K 2
4
1H quar.
C o m m o n ______________^
In full to Jan. 1917 (144% Q.-J.)
In Feb." 1917 "common dividend"was increased from T % 't o 144% quar.
(6% per annum).
N O T E S .— In 1915 $600,000 serial 5% notes due Sept. 15 were sold.
$200,000 duo yearly Sept. 15 1916 to 1918. the 2 and 3-year notes being
subject to call at par on 4 weeks’ notice. V. 101. p. 610
R E P O R T .— Year 1915, V . 102, p. 969, 982.
Calendar
P ro f its (.after In t. < .
0
PensionPf.Divs.
Common
BalanceJ
Year—
D e p r..& c.).D is c..A c. Fund. (6% P- a .). Dividends.
Surplus.
1916 (12 mos.)$970,135 351,128 $40,000 $269,739(4%)$179,828 $397,237
1915 (12 mos.) 890,404 105,710
40,000 269,739 (2 % ) 89,914 385,100
1914 (12 mos.) 572,509 63,333
40,000 269,739 (3 44) 157.350
42,087
Office, 70-72 Broad St., N . Y .— (V . 102. p. 887. 969( V. 103, p. 62.)
AA1ERICAN B E E T S U G A R C O.— Incorp'. M ar. 24 1899. V. 68, p.
280, 616; V. 88, p. 1250. In 1916 took over property o f Las Animas Sugar
Co., having advanced $810,042 to retire its bonds. V. 102, p. 715, 1809.
D IV ID E N D S .—
(1899-00. 1911. 1912. 1913-15. 1916. 1917.
N il
IX
5
N il
T ext Toxt
C om m on ____________ % (
Preferred - . - ..............% ( Oct. 1 1899 to A pril 1917 in cl., 6% p.a.(144 %Q-J)
Common shares received 144% quar. Q.-J. (6% p. a.) A pril 1916 to Jan.
31 1917 incl. In Feb. 1917 an oxtra 12% was declared on common payable
March 1 and 2% quar. (8% p. a.) A pril 1917 to Jan. 1918 Incl. V .104,p.453.
R E P O R T .— For year ending March 31 1916. in V. 102, p. 1809. showed
Gross sugar sales, $10,479,293; net, $2,959,677; other income, $215,154;
pref. dlv. (6 % ), $300,000 common dlvs. (0 % ), $900,000; deposited for re
tirement o f Las Animas Sugar Co. outstanding bonds, $810,042: deprec’n
and add'ns, $729,641; bal., sur., $435,147. Pres., II. Rieman D uval, Sec.
& Troas.,
E. Tucker. 32 Nassau St.. N . Y . — (V . 1C4, p. 153.)
J
.
A M E R IC A N B R A K E SHOE & F O U N D R Y C O — O R G A N .— Incorp. in
N . J. on Jan. 29 1902. Rcincorp. in Delaware, effective Oct. 1 1916.
O fficial data V. 103, p. 2427; V. 100, p . 558, 2012. A consolidation, V . 74,
p. 579; V. 79, p. 2087; V. 90, p. 238: V. 91, p. 212: V. 92, p. 185; V. 90, p.
1240; V. 95, p. 1747; V. 96. p. 655; V. 98, p. 384; V. 100, p. 557. M anu
factures about 175,000 tons o f brake shoes for steam and electric cars and
139
INDUSTRIAL STOCKS AND BONDS
M AS
Q— M
J
a
n
M & N
M A N
Apr 2 1917 1 4 Checks mallert
4
Dec 30 '16 1 X 30 Church St, N Y
Dec 30 T 6 4%
do
M a r 1 1952
Farmers’ L A T r Co. N Y
Jan 2 1917 l f i
Feb 1 1928
Jan 2 T7 2%
Jan 2 T7 1J*%
Jan 20 '16144%
Jan 2 T 7 1 44%
Feb 1 T 7 144%
Jan 2 T7 44%
Checks mailed
Bankers Trust C o, N Y
Guaranty Trust Co, N Y
do
do
1 Madison A ve N Y
do
do
Checks mailed
do
do
castings. W ar orders July 1916, V . 103, p. 494. In N o v . 1916 commo
stock was to bo increased by $400,000 to $5,000,000.
D IV 3 .— ’04. ’05. ’06. 1907.
’08. 09. TO 12. T 3 -T 5 .
1916.
C o m ..% 2
4
4 4 & 1 ext.
4
5 7 y ’ly. 7 y ’ly . 1 X . 1 3X 1 H . I ^
.
8 y ’ly. 2. 2, 2. 2+1
P re f . . % -7 yearlyOn Dec. 30 1916 2% extra was paid on pref. shares. V . 103, p. 2239.
Pref. is entitled to all earnings after 7% on common. V . 95. p. 1609.
B O N D S .— M a y be drawn fo r a yearly sinking fund o f $20,000 1st ten
^ears at 110 and in t., 2d ten years at 105 and in t., thereafter at par and Int.
R E P O R T .— For year ending Sept. 30 1916 (V . 103, p. 2155, 2427;
V . 104, p. 255):
Balance,
Common
Preferred
Bond
Year end. Total N e t
1
a.
Surplus.
Dividend.
Dividend.
Interest.
Sept. 30— Income.
1915-16. .*$1,661,619 $34,312 (8 % ) $400,000 (7 % ) $322,000 $905,307
(7%)322,000 . 423,387
B P ___
35,226
(8%)400,000
.
m m
1914-15-- _____ ____
1,180,613
♦Does not include $344,963 pro rata earnings o f sub. and affiliated cos.
for the year ending Sept. 30 1916 now paid by them in tho form o f dividends.
O F F IC E R S .— Chairman, Otis H. Cutler: Pres., Wm. G. Pearce; V.-Pres.,
Josoph D . Gallagher, V .-P.; J. B. Terbell, E. S. Moore. James S. Thompson,
William S. McGowan and C lifton D. Pettis; Treas., Henry C. Knox; Sec.,
Georgo M . Judd; G. O. Amos. Office, 30 Church St., N . Y . — (V . 103.
p. 2239, 2427; V. 104, p. 255.)
A M E R IC A N B R A S S C O .— Report for 1916, V . 104, p. 453.
A M E R IC A N CAN C O . — O R G A N IZ A T IO N .— Incorporated In New Jer
soy on March 19 1901 as a consolidation of about 100 concerns. See V. 72
p.582. In 1916 oper. abou t5 0 can factories and two machine shoos
See
application to list, V. 84. p. 994: V. 90. p. 371, 629: V . 96. p. 1841. In
1907 plants werecompleted In New Orleans, La., Savannah, G a.. and N ew
Castle, Pa. V. 85. p. 656; V. 86. p. 336. 422; V.90, p. 504. 1230. In
March 1908 an Interest In the Sanitary Can C o., with $1,000,000 authstock, had been acquired. V . 86. p. 796. Has arrangement with G old
schmidt Detinnlng Co. V. 88, p. 232, 373: V. 90, p. 371. Suspended sen
tence in G ovt, dissolution suit. In July 1916. see V . 103, p. 13, 240. 667.
V . 102,p. 802, 1348, 1719: V.97. p. 1665: V. 98, p. 1001: V. 104, p. 555.
D IV ID E N D S .— On pref., 2)4 % Sept. 1903; 1904. 6% (A . & O .); since
to Oct. 1912. Inch, 5% yrly. (Q .-J.). and Jan.'L3 to Jan. T7 144% quar. and
In Jan. 1913 X or 1% and in April 1913 24% on account o f accumulated
dividends, leaving 8.96% still due. V. 95. P- 1543: V . 96. p. 421. 655.
D E B E N T U R E S .— The 15-year 5% gold debentures ($15,000,000 auth
orized issue), o f which $14,000,000 were sold, are redeemable In whole
or part on any Int. day at 102 44: sinking fund $500,000 yearly begins M a y 1
1914. V. 96. p. 421, 489. 1230: V. 97, p. 1841.
R E P O R T .— Fiscal year ends Dec. 31. Report for 1916 in V . 104. p. 555
1916.
1915.
1914.
1913.
E arn in gs............ .......... $11,091,048 $6,533,806 $5,807,802 $6,245,678
Im pts., purch. pats., &c. _________
_____ _
------$612,762
600,000
$750,000
$850,000
Depreciation___________ $2,500,000
681,629
654.533
Interest on dob. bonds. .
628,067
1,050,000
Discount salo dob. bonds _________
2,886,331
2,88(L331
2,886,331
Preferred dividends (7 % ) 2,886,331
Balance, surplus_____ $5,076,651 $2,142,942 $1,489,842 $1,096,586
D IR E C T O R S .— D . G. Reid (Chairman), F. S. Wheeler (Pres.). H . W .
Phelps, F. Rudolph and J. It. Harbeck (V .-P s.), It. H. Ismon (Sec.-Treas.).
W . II . M ooro, F. L . Hino, R . L . Skofield, Jas. M acLean, K . S. Brcckonrldgo, Paul M ooro, Chas. Stollberg and Henry R . H oy t. O ffice. 120
Broadway, N . Y . — (V . 100, p. 231, 472, 476: V. 101, p. 450; V . 102, p. 523;
V. 103, p. 240; V . 104, p. 555.)
A M E R IC A N CAR & F O U N D R Y.— O R G A N IZ A T IO N . &c.— Incorpo
rated In New Jersey on Feb. 20 1899 as a consolidation. Manufactures
freight and passenger cars of wood and steel.
V. 68, p. 280, 377. 1029;
V . 71, p. 86, 545; V. 73. p. 958: V . 83. p. 1413; V. 84. p. 1553. Munition
contracts April 30 1916, about $7,300,000. V. 103, p. 58. 408.
^
D IV S .— JlCOl-02. 03 . 04 05 06 07. 0 8 .’09 to 15.
1910.
1917.
On com . % ) 2 vrly
4 1
0
0
3
3 2 yrly
2(44Q^I) Text.
In 1917 paid Jan. 1 1 % (quar.) and 1% extra. V . 103, p. 2157.
R E P O R T .— For year ending April 30 1916 was (n V. 103. p. 58.
1915-16.
1914-15.
1913-14.
1912-13.
Earns, from all sources.
$4,595,359 $3,615,054 $5,810,889 $5,539,829
$2,330,936 $3,<57,971 $3,328,593
N e t earnings___________ $2,816,018
Pref. dlvs. (7 % ).......... . 2,100,000
2,100.000
2,100,000 2,100,000
D ivs. on common_____ (2%)600,000 (44)150,000(2%)600,000(2%)600.0(W
Res'vo impts. & m a in t..
700,000
250,000
$378,593
$357,971
$89,936
Balance, surplus__________________ $116,018
Previous surplus________ 25,694,076 25,613,140 25,255.169 24,876,576
Total surplus..............$25,810,094
$25,694,076 $25,613,140$25,255,169
♦Also 144% ($450,000) from reserve previously made, making 2% for year.
D IR E C T O R S .— William H . Woodln (Pres.). A . B. Hepburn, S. S. De
Lano (Treas.), T . H . West, J. M . Buick (V .- P .), W . G . Oakman, H . R .
Duval, Gerald L . H oyt. W . M . Hager, C. R. W oodln. W . N . M cM illan.
Chas. J. Hardy and II. R. Duval. Secretary is H. C. Wick. N . Y . office.
165 B ’way.— (V . 102, p. 523; V. 103, p. 58.146, 408, 2157.)
A M E R IC A N C H IC L E C O — O R G A N IZ A T IO N .— Incorp. in N . J. on
June 2 1899 and consolidated chewing gum Interests (V . 71. p. 545); in
Aug. 1914 acquired Sen Sen Chiclet Co. V. 90. p. 238; V. 68, p. 871,
1130: V . 77, p. 197; V. 83. p. 152: V. 84. n. 160: V. 86. p. 230: V. 00. p. 238:
V. 99, p. 51, 122, 271, 409. In Oct. 1916 Am . Chicle Co. o f N . Y . took
over tho proporty o f the Sterling Gum Co. V . 103, p. 1594, 1890; V . 104,
p. 258. Status Dec. 22 1916. V . 103, p. 2429.
D IV ID E N D S .—
( ’99. '00. ’01. ’02. 1903-13. T 4 . T 5 .
1916.
C o m m o n .......................
144 0
8 11 18% y ly . 20 1144 See text
P re ferred ........ ...............I-------6% yearly (144% Q.-J.) to Jan. 2 1917— —
Dividends on the common stock were reduced to 13^% quarterly in
Jan. 1916 and suspended in Apr. 1916.— V. 102. p. 1251. Balance sheet
Dec. 31 1915, V. 102, p. 887. showing “ funded debt” o f $2,361,750: surplus,
$130,499. against $821,325 In 1914.
, ^
O F F IC E R S (V . 102. p. 439).— Chairman o f the board, Thomas Adams.
Pros., Darwin R . James Jr., and Vice-Pros., C . B. Adams; Sec., F. C. Rowlov: Treas.. F. A . Hubbard. Office, Metropolitan Tow er. 1 Madison
A v e ., N . Y . — (V . 101, p. 2146; V . 102, p. 439,887.1251,1594,1890,2429.)
_
F e b ., 1917.]
A M E R IC A N C IG A R C O .— Th e American Tobacco Co. owns m ajority o f
the $10,000,000 com. and $10,000,000 6% cum. pref. stock. See V . 73,
n. 1113; V . 78, p. 1393; V. 93. p. 1122-24. Holds a large Interest In Ha
vana Tobacco Co. com. stock. V. 85. p. 285; V . 86, p. 110. Properties,
V. 72, p. 185. 284, 937, 1037; V . 73. p. 958; V . 76, p. 1255.
140
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[F or abbreviations, &c.. see notes on first page]
Date
Bonds
Par
Value
American Dist Tel Co (of N J )— Stock $10,000,000 author..
$100
1st M collat trust call at 105 A int auth $1,000,000______
1.000
1916
Amor Still Alarm 1st M ser G 5s guar p & i _________________
500
American District Telegraph of N V— Stock $4,000,000____
100
American Express— Shares _________________ par not Uxed,
treate d as 100
American Gas & Elec— Common stock auth $7,500,000
. __ _
50
Preferred (a A di stock 6% cum auth $7,500,000 red 120
50
Collateral M $0,282,000 gold callable at 105______ G.xc* 1907
100 Ac
Debenture bonds g (Am er series) red 110______ G .c*A r 1914
100 Ac
American Uraphophone Co— Common stk $7,500,000 auth .
100
Preferred (not as to assets) stock 7% non-cum $2,500 000 ___
100
1st M (closed; V 102 p 69) gold $2,000,000 red at par_.N < 1910
100 Ac
Serial gold notes $2,500,000 callablo at 102>4_________ xxc* 1916
1.000
American Hide & Leather -Common stock $ 17,500,000____
100
Preferred (a A d) 7% cum $17,500,000 (V 76, p 104)______ ____
100
1st mtge $10,000,000 v sink fil sub to call at 115
Eq.c* 1899
1,000
Am Ice S e cu rt’s— Dobs$3,000,000 called to bo paid M a r 31 17 1905
A m erican Ice C o (per plan in 1917, (V 104, p. 166)—
Common stock $7,500,000_________________________________
100
P rof stock (new) 6% non-cum .$15,000,000 (V 104, p 561)-100
Collateral trust bonds gold ($5,000,000)_______________Ce 1902
1,000
Real Est 1st A Gen M $6,500,000 g s f r e d _______ PeP xx.o*
1912
1.000
Divs. on prof, stock from July 1906 to July 1912, 6% yrly (3% s.-a.);
Oct. 1912 to Jan. 1917. 1>4% quar. On com.. In 1912 to Fob. 1 1917,
6% yearly (1>4% Q .-F .). Roport for 1915 In V. 102, p. 970, showed: N e t,
$1,850,406; pref. dtv. (6 % ), $600,000; com. div. (6 % ), $600,000; bal., sur.,
$650,406. Pres., A . L. Sylvester, 111 Fifth A ve., N . Y . — (V . 102, p. 970.)
D A T E D IV S . ( ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’09. ’ 10-’ l5. ’ 16. ’ 17.
io 10 10 10 10 10 10 10 10 6 y ’ly
6
text
R e g u la r........
E x tr a ----------{ . .
__ 20
..
- - 25 - .........
4
text
Paid 20% 1903 from sale o f real estate and 25% 1907 from sale o f R R .
In M ar. 1916 3% and 2% extra was paid. In Sept. 1916 paid 3% and 2%
extra, and also 15% fr o m s a lo o fN . J. dock property. In M ar. ’ 17, 3% and
2% extra.
Cal. year 1915, gross, $1,032,216; net, $243,733; deprec., $81,245; divs.,
6 % , $90,000; bal., $72,488. Office, 1 R ’way.— (V . 103, p. 760; V. 104, p.
665.)
A M E R IC A N C O A L P R O D U C T S C O .— See Barrott Co.
(T H E ) A M E R IC A N C O T T O N O IL C O .— Incorporated Oct. 14 1889 In
N ew Jersey. Makes crude and refined cotton oil and (through subsidiary
companies) lard, soap, fertilizers, Ac. Crude oil mills in all cotton-growing
States; refineries in Northern and Southern cities. V. 77.- p. 1872; V.
98. p. 1001.
P
D IV S .— 1’02. ’03. '04. '05. ’06. ’07. ’0 8 .’ 09. ’ 10. ’ l l . ’ 15. '10. 1917.
Common . %/ 6
4
1
1
2 (x)
3
5
5 244 1
4 1 ,- .- ,x From earnings o f 1906-07, 4% M ar. 4 1908.
BO N DS.— Of the 5s dated May 1 ’ l l ($15,000,000 auth.) $5,000,000 were
reserved to retire the 4 >4s due N ov. 1915, and the remaining $5,000,000 for
future purposes.
Vo prior lien without written consent o f 80% o f the
bonds. V. 92, p. 661. 1638. In Sept. 1915 $5,000,000 2-year 5% notes
maturing N o v . 1 1917 woro sold. These notes are redeemable at 101 after
N o v . 1 1916. V. 101, d . 847, 1015.
R E P O R T .— Report for 1915-16, at length In V . 103, p. 1883, 1895.
Year—
Net Profit. D eb.,& c.,Int Pref. Divs.
Bal.,Sur.
$607,058
1915-16......................... $2,524,292 $495,833 (6%)$611,916
1914-15.......... ............... 2,514,403 475,000 (6 % ) 611,916
1,427,487
O F F IC E R S .— Pres., J. D . Lewis; Treas., Lym an N . Hlne; See., W illiam
O. Thompson, 27 Beaver St., N . Y . Transfer agents, Winslow, Lanier &
C o.— (V . 102, p. 1348; V. 103, p. 494, 1883, 1895, 2157.)
Amount
Outstanding
Rale
%
$9,965,351
256,000
29,000
39,41,550
18.000,000
3,911,550
4,400.100
6.282.000
3,500,000
2,627,790
2,179,040
1.936,800
2,500,000
11,274.100
12,548.300
3,848,000
2,972,650
5 In 1916
5
5g
2 In 1916
See text
See text
6 In 1916
5 g
6g
7 in 1916
7 in 1916
6g
6g
None pd.
See text
6 g
6
7,147,725
14,920,000
1,369,000
4,199.000
5 i?
6g
When
Payable
Last Dividend
and Maturity
[V o l . 104
Places Where Interest and
Dividends are Payable
Oct 28 ’ 10. 1%
Q— J
A O April 1 1926
A O Apr 1 1923
A J Jan 15 ’17, 1%
See text
Q— J
Q— J See text
Q— F
Feb 1 17. 114%
F A A Feb 1 2007
M A N M ay 12 2014
See text Jan 2 1917, 1J*
Q— F 15 Feb 1 1917, I H
J
A D June 1 1930
M A N M a y ’ 19 to ’26
Q —J
Q— F
Feb 15 '17. 24i
M A S Sept 1 1919
A A O M a r 31 1917
15 Ex PI, Jersey C ity, N J
Now York
Detroit Trust Co, M ich
T tea so f, 15 Doy St, N Y
Office. 65 B’way, N y
Checks mailed
do
do
Guaranty Trust Co, N 1
do
do
Woolworth Bldg., N . Y .
do
do
N Y Trust Co, N Y
Franklin Trust Co, N Y
New York
Equitable Trust Co, N Y
Eq'ult T r Co, Col Br. N Y
Columbia T r Co, N Y
A
F
Central Trust Co, N Y
New York A Phlladel’ a
A
A
J
A
A
O Apr l 1922
A Aug 1 1942
B O N D S .— Coll, trust 5s. see V. 83. p. 1349, 1472; V. 86, pt 549, 1102.
1531; V. 94. p.700; V . 99. p. 1834. In 1914 $1.000,000 100-yr. 6% deben. bds,
woro Issued (American sorias). An .additional $500,000 woro issuod in
Sopt. 1915, making $1,500,000 outstanding; $300,000 in treasury in June
1916. Further debentures cannot bo issuod unless the annual not income
o f Amorican Gas A Eloctric Co. (aftor deducting expenses and inter
est on outstanding secured debt maturing not loss than 5 years from the
date o f the issue) Is threo times the interest charge for a like period on the
debentures outstanding, those applied for. and int. on any debt o f the
company other than the secured debt. V . 99, p. 51, 122.
Leading Bond Issues of Controlled Companies.
Authorised. Issued
Dated. Compare.
Canton (O .) Electric Co. 5s........ x$2.500.000 $1,392,000 101)7 V.93,p.1604
Canton L t., l it . * P. 1st 5s___x
Closed
26,000 1805 V.S5.P. 224
M uno(e(0.)El. L t. Co. 1st gu.5s x 1,500.000 1,422.500 1007 V.Sfl.p. 484
O hloL.& P.C o., Tiffin, O., 1st 53x30 000,000 1.500.000 1914-------‘ ----------------- V.99,p.1678
-----Rockford E. Co. 1st & ref. 5s___x 7.500.000 1.594.000 1909 V.89,p. 530
Rockford Ed. 1st M. 5s______ x
Closed
23.000 1899 ..................
Soranton(Pa.)EIeo.Co.lst s.f.5s xlO,000,000 5.383.000 1907 V.85.P. 808
Marlon Light & Heating 5s_____ x 1,500,000
760.000 1907 V.91,P.1774
Atlantic City (N . J.) Elec. 5 s - ..x 5,000,000 2.101.000 1908 V .80,p.1102
N . J. Hot Water H t. 5s______ x
Closed
18.000 1906 ..................
Atlantic El. L t. & P. 1st 5s___ x
Closed
175.000 1904 ..................
Wheeling (W . Va.) Elec. 1st 5s_x 12,000.000 1.577.000 1911 V .92,p.1441
E A R N IN G S .— Gross earnings o f operating companies for year ending
Dec 31 1915, $5,000,020; bal. o f sub. cos.: earnings aftor all deductions
applicable to A m . G . A EL Go., $1,307,942: other incomo Am. G . A EL O o..
$452,829; total exp. & Int. o f Am. G . A El. Oo., $708,657; annual Int. on
$1,500,000 debentures, issueof 1914. calls for $90,000: bal.,sur., $1.052*414.
V. 101, p. 2168. Earnings o f the compauy and its subsidiaries applicable
to It for 12 months ended M ar. 31 1916. "after deducting oxponsos and lnerost charges," were $1,119,725, against $850,432 in 1914-15; annual d iv i
dend on tho prof, stock as increased in 1916, $264,006.
Chairman o f Board, S. Z. Mitcholl; Pres., It. E. Brood; Sec. Sc Treas,
F . B. Ball. O ffice, 30 Church St., N . Y .— (V . 103, p. 2239, 2343.)
AM ER IC A N GRAPM OPHONE C O — O R G A N IZ A T IO N .— Incorporated
in West Virginia in 1887. Owns Columbia Graphophono Co., selling agent.
V . 70. p. 790. Factories, Bridgeport, Conn., England and Canada.
S T O C K S .— A fter 7% on both, they share ratably. (Bauds, V. 102. p .69.)
A M E R IC A N D ISTR ICT T E L E G R A P H CO. (OF NEW JE R S E Y).—
D IV S .—
( ’04. ’05. ’06. ’07. ’08. ’09-’ l l . ’ 12. ’ 13. ’ 14. ’ 16. ’ 17.
O R G A N IZ A T IO N .— Incorporated in New Jersey In N ov. 1901; operates
7
7
7
7
7
0
7M 7% yrly 1J*
In most of the large cities and towns of the U. S.; Is engaged In all kinds of P re f....................%
4
5 35* 0
0
0
0
0 7
text
electrioal protective service. V. 77, p. 148; V.81. p.213. Messenger business C o m ................ % [ 3
On common from April 1915 to Jan. 1917, 7% yrly. ( I H % Q .-J.).
Is leased to Western Union Telegraph Co. from Jan. 1 1911 to Sept. 1927, the
Notes.— The $2,500,000 notes o f 1926 maturo $300,000 yearly on M a y 1
annual rental, payable In monthly Installments, being based on past operat
1919 to 1924 and $350,000 in 1925 and 1926. Thoy must bo socurod by
ing returns, subject to increase on growth of business. V. 94, p. 1121.
Dividends in 1903,3 % % ; sinco to Oct. 1916, 4% yearly Q.-J., with 1% ex any future mortgage or lien. Total indebtedness, including bonds, must
tra in Jan. 1916. Purchase money obligations, $413,125. Guarantees not excood current assets. V. 102, p. 1899.
principal and interest o f N . Y . Firo Protection 1st M . 4s duo Sopt. 1 1954
TO R T.-— Report for cal. year 1915, in V. 102, p. 1890, showod: N ot.
and $34,000 Amor. Still Alarm Co. 1st M . 5s.
$1,988,401; int., $125,744; special deproc., A c., $491,854; for patents, A c.,
Report for year ondlng Doc. 31 1915, in V. 102, p. 1539, showed:
$516,493; prof. divs. (7 % ), $150,169; com. divs. (7 % ). $183,946; bal., sur..
Calendar
Gross
Oper. Exp.,
Bond
Dividends
Balance, $520,195. Total surplus and res. accts., $1,590,351.
Year—■
Income.
Deprec.,&c. Interest.
Paid.
Surplus.
O F F IC E R S .— Pres., Philip T . Dodge; 1st V.-Pros., F. J. Warburton;
1915.............. $2,655,561
$1,907,426 $13,118 (5%)$498,205 $236,812 Sec., Treas. and V.-Pros., C. W . Woddrop; Asst. Sec. and Treas., T . E.
1914............ . 2,517,682
1,808,729
13,572
-----------------------(4%)398,562
296,819
Pres., W . L . Jacoby; Sec. and Asst. Aud., F. J. M cLain; Treas.,.Lewis Novakoski. Office, Woolworth Bldg., N . Y .— (V . 102, p. 1890, 1898.)
A M E R IC A N H ID E & L E A T H E R C O .— O R G A N IZ A T IO N .— Organ
Dresdner; Aud., E. Y . GallaJher.— (V . 102, p. 1437.)
ized in New Jersoy in 1899 as a merger o f upper leathor interests. See V.
A M E R IC A N D IS T R IC T T E L E G R A P H CO. O F N E W Y O R K .—
69. p. 493; V. 68, p. 925; V. 70. p. 77; V. 102, p. 1348; V. 103, p. 753, and
Annual report for year ending Dec. 31 1916, in V. 104, p. 665, showed; application to list, V. 72, p. 673. In Aug. 1916 sold certain Mich, and Wis
Gross, $946,283; net, $145,014; divs., (2 % ) $76,782; bal., sur., $68,232.
consin leathor properties and supplies for about $2,000,000. V. 103, p. 753.
S T O C K .— O f the amounts issued ($13,000,000 pref. and $11,500,000
D IV ID ’ DS.— \’96. 97. ’98. '99. ’00. ’01. ’02 to N o v ’ 15. ’ 16.
1917P e r c e n t. . . . J
1
2
2 2 H 2 y* 2 H
2 yearly
1W
1 ,-,- common), $451,700 pref. and $225,900 common is hold in trust. Swartwout A Appenzellar, N . Y ., in Sopt. 1916 suggested a plan for settlement o f
In Jan. 1916 paid 44% to change dividend period to Jan. & July.
accumulated dividends and reduction o f capitalization. Pror. stock com
O ffice, 15 D ey St., N . Y . C ity .— (V . 102, p. 523, 884; V. 104, p. 665.)
mittee, Anderson Price et al; proposed another plan. V. 103,p. 1509. 1793.
A M E R IC A N EXPRESS CO.— A n "Association” formed under the laws
D IV ID E N D S .— On pref., Feb. 15 1905 to Aug. 15 1905. 1% quar.; none
o f N ew Y ork State N o v . 25 1868. N o t an incorporated company. since to Sept. 1 1916, when 5% was paid; 1917. Feb., 244%. V. 103, p.
Operated Jan. 1 1917 on over 73,000 miles o f railroad In the United States 408, 753; V. 81, p. 1316. Overdue pref. divs. N o v . I 1916, about 11344%.
and Canada, Incl. Boston A M aine, the Vanderbilt lines, Illinois Central
Committee on overdue dividends, V. 102. p. 346; V. 103, p. 62, 494.
and Union Pacific, 7,000 miles. On M a y 1 1915 took over express business
B O N D S , A c.— Sinking fund retires $150,000 bonds Sept. 1 yearly, if pur
on Western Pacific R y .. 927 miles. V. 100, p. 1439. Rates were reduced chasable at $115 or loss, or, i f not, invested in othersocuritios. On June 30
Feb. 1 1914, but an average Increase o f nearly 4% was allowed in July 1916 thero were $3,848,000 bonds outstanding, not including $475,009 in
1915 o d packages up to 100 lb. V. 101, p. 372.
tho treasury and $4,080,000 in sinking fund, $190,000 in trust representing
D IV S .— f ’82 to ’00. ’01. '02 to '05. ’06. ’07 to ’ 13. ’ 14. 1915. 1916-17. released property and $407,000 held in anticipation o f sinking fund. A c.
V . 102, p . 1626.
Per c e n t--16% yrly. 7
8% yrly. 9
12% yrly. 6
4
toxt
Jan. 1916 to Jan. 1917 paid 1 44% quar. (6% perann .), with a special dlv.
R E P O R T .— Y ear in V . 103, p. 753, 934; 3 mos. 1916, V. 103, p. 1594.
o f $2 In Jan. 1917 from investments. V. 103, p. 1793. In July 1913 paid June 30
Gross
Trading Int.onlstCost o f 150 Olh.DeBalance,
25% ($4,500,000) in Wells, Fargo & Co. stock.
Years.
Output.
Profits.
M . Bds.Bds.forS.F.dues.,net. Surplus.
Partial Results (I.S .C .) 1916— Op.Rev.— 1915.
1916----- Net---- 1915.
1915-16..$23,559,749 $2,498,052 $511,500 $155,781 $187,505 $1,043,266
July 1 to Feb.29(8 mos.) $38,369,380 :*31.601.664 $2,060,717 Ioss$418,448 1914-15-- 19,092,483 1,888,588 511,500 149,948 247,166
959,974
R E P O R T .— For year onding June 30 1915 showed: Gross earnings, $49, 6 Mos. to Operating
Bond
Sinking Fund
In t. for
Balance,
120,912; oper. expenses, $48,119,165; taxes, $417,935: oper. income, $583,
Dec. 31— Income.
Interest.
Approp.
Sinking Fund. Surplus.
812; other incomo, $596\631. less deductions, $188,830; net income. $991, 1916------ $1,511,424
$128,010
$75,000
$127,740
$1,180,074
614: dividends (4 % ), $720,000: balance. $271,614; total surplus, $6,036,600.
1915........ 1,239,198
140.140
75,000
115,610
908,448
Pres., George C . Taylor; Treas., Janies F. Fargo, 65 Broadway.— (V .
D IR E C T O R S .— Theo. S. Haight (Pros.), Charles P. Hall (1st Vico101, p.289. 372,1093, 1887; V . 103, p.1793.)
Pres.), Aaron Heclit (2nd V .-P .), F. L. Roentz (3r V .-P .), Frederick Strauss,
AM ER ICA N GAS & ELEC TRIC CO.— O R G A N IZ A T IO N .— Incorpor- M . Robson, C. II. Buswell, Chas. W. T id d, Henry Seligman, .fames Skin
ner. Geo. A . Hill (Sec. A Treas.). Thomas J. Ryan, Lindsey Hopklus and
William Stuart Cox. Tho following are to bo elected to tho board in Oct.
1916: George Van Tu yl Jr., L. L. Clarke and Lo R oy Baldwin, all o f N . Y .
V . 101. p. 2168. Controlled by Interests affiliated with Gon’l Electric Co. See V. 103, p. 940. Offlco, 96 C liff St.. N . Y . — (V . 104, p. 363.)
In 1916 was building a 60,000 h.p. electric generating station at WellsA M E R IC A N IC E C O .— O R G A N IZ A T IO N .— Incorporated in N ow
burg, Va. V. 102, p. 137. In 1916 purchased Citizens’ E l. Co. o f Pitts- Jersey March 11 1899. Transacts a wholesale and rotall business in N . Y .
ton, Pa. V . 102, p. 1719.
C ity, Phlla., Boston, Baltimore, Washington, D . C ., Camden, Capo M a y
- S T O C K .— Stockholders on April 28 1916 votod to Increase the stock and Atlantic C ity, N . J. Operates In N . Y . under namo o f Knickerbocker
from $7,500,000 to $15,000,000, half to bo pref. and half common. Soe Ico C o . V. 101, p. 1093. Artificial Ice capacity was In Aug. 1915 about 75%
o f total output. V. 92. p. 58; V. 97. p. 667; V. 99, p. 1453; V. 101, p. 529.
V. 102, p. 1626; V. 98, p. 1539, 1610, 1769; V. 97, p. 1585.
From 1905 to Jan. 1917 substantially all o f the company’s $15,000,000 old
In Doc. 1915 both classes o f stockholders subscribed at par for $1,079,400
additional prof, and in M a y 1916 for $1,637,700, making $4,400,100 out pref. stock (6% cum.) and $7,500,000 com. stock was owned by tho Amer.
Ice Securities Co. In tho latter month It was arranged (V . 104, p. 165,
standing. V. 102, p. 1898; V. 101, p. 1887.
Voting trust was renewod for 5 years, expiring M a y 1 1917, but may bo 363, 561) for tho sake o f economy to wind up tho securities Co.: (a) calling
terminated earlier at discretion o f voting trustees. 8. Z. Mitcholl, Anson and paying o ff at par on March 31 its $2,972,650 6% debentures; (5) replac
ing the Am . Ice C o.’s old pref .stock with $15,000,000 6% non-cum. pref.;
W . Burchard, D. B. C. Catherwood, Henry I I . VVehrhano and R . K. Breed.
(c) selling $5,715,600 o f this at 66% , with 40% bonus in com. to stockhold
V . 94. p. 700, 828, 913. 1251, 1567; V. 95, p. 50.
ers (V . 104, p. 453) or sytullcato to provide for tho debentures; (d) exchang
D IV ID E N D S .—
%/ ’ 10. ’ l l . '12. ’ 13. ’ 14. ’ 15. 1916,
1917.
ing the $19,047,300 stock o f Securities Co. for 48% o f the new pref. o f Amer.
----- 1 2 H C
6 ^ 711 8
8
10
2)4. quar.
On common cash
Ice Co., and 25% o f Its common, making tho capitalization approximately
Extra in stock (J. & J.)
,,
2
4
4
2 s. a.
as shown in table above. In Feb. 1917 1’ rosldent Oier said tho directors
142
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S .
[F or abbreviations, & c., see notes on first page.]
A m er In t C orn— Stock auth $50,000,000 50% paid---------American Light & Traction Common stock *40,000,000----Pret (a&d)stk 6% cum $25,000,000 authtv 82, p 50, 279).
American Locomotive— Common stock $25,000.000..-........
Preferred (a & d) 7% cum $25,000,000 (Bonds, see t e x t )..
N otes gold red 102________________________________________ x
Bonds o f constituent companies Juno 30 1916___________
American M alting Co. — Common stock $6.000,000.............
Preferred (a * d) 6% cum (See tex t)............ ......................
2nd pref stock 7% cum (see text and V 103, p 1884) $105,000
3rd pref stock (see text and V 103, p. 1884)-------- $195,000
First R e f M 10-year 5s $1,500,000 gold call 105-------- G.x
American Piano Co— Common stock $5.300,000---------------Preferred (a & d) stock 7% cumulative $6,000.000-------American Pneumatic Service— Common stock $5,000.000—
First preferred (a & d) $3,000,000 7% cumulative-------Preferred (a & d) 6% non-cumulativc $7.000,000_______
Collateral trust mortgage $5,000,000 gold sinking fu nd.IB z
Lamson Con Store Service Co s f bonds------------------- IBz
hate
Bonds
1912
Par
Value
100
$100
100
100
100
1,000
100
100
100
100
1916
1903
1902
100
100
25
50
50
600 &c
500 &c
would bo justified at their next meeting in placing the now pref. stock on
dividend basis. V. 104, p. 453, 561.
B O N D S .— The Real Estate First & General M tg e. sinking fund gold
6s ($6,500,000 auth. issue) are a first lien on real estate in Maine. N ew
York, N ew Jersey, Pennsylvania, M aryland and District o f Columbia,
having an estimated value o f $6,527,693 and a general lien, subject to exist
ing oncumbrances, on substantially all the remaining property. O f the bonds,
$198,000 have beon retired by sink, fund and $458,000 are in the com
pany’s fire insurance and workmen’s compensation funds.
Remain
der reserved to retire about $3,000,000 bonds and real estate mortgages,
and for 75% o f cost o f additions and improvements. Red. at 102)4 as a
whole on any int. date or for yearly sink, fund beginning Aug. 1 1913, viz.:
2% for 10 years, then 2)4 %• V. 95, p. 482: V. 99, p. 1453: V. 101, p. 529.
O f the collateral trust 5% bonds ($5,000,000 auth. issue), $3,155,000 has
been Issued, $1,620.000 used for sink. fd. and to retire underlying bonds and
mortgages and $89,000 were Oct 31 1916 in the treasury, leaving $1,369,000
outstanding in hands o f the public. In Jan. 1915 there remained only
$435,000 bonds for the retirement o f which collateral trust bonds can be
drawn, and o f the $435,000 only $342,920 were outstanding.
B O N D S OF S U B -C O M P A N IE S H E L D B Y P U B L IC (V . 81. p. 29).
Hygienic Ice Co., Washington, $69,400, extended at 6% (paid Q.-J.)
from Jau. 1 1910, payable $15,000 yearly: Boston Ice C o., due M a y 1 1918
(V . 78, p, 1963) (M . & N .), $260,000: Consumers' Ice C o., A tlantic C ity
(V . 83, p. 438). 1st 30-yr. gold 5s. dated Jan. 1902, red. at 105, gu. by Am .
Ice C o., $55,000.
R E P O R T .— Year ending Oct. 31 1916, V. 104, p. 160, 561, lncl. sub.cos.;
Oct. 31 Years—
1915-16.
1914-15.
1913-14.
1912-13.
Tota l Income................
$9,229,111 $8,650,428 $8,837,126 $10,515,208
N e t In co m e ............ ....... $2,132,008 $1,853,415 $1,802,483 $3,052,875
In t., taxes, Impts., & c_. 1,427,447
1,327,233
1,393,617
1,393,555
Preferred d lvs.......... (1 )4 % ) 186,502(1 )4)223,803(1 )4) 186,502(1X ) 186,502
Balanco, surplus.......... $518,058
$302,379
$222,364 $1,472,818
D IR E C T O R S , &c.— (Ice C o .)— W esley M . Olor (Pres.), W m . N . Bavier (V.-P res.), W . A . Tucker, R obt. T . Hooper, E . P . Passraoro, Jos.
W ayne Jr., William West. Jay Cook, Henry C. Harrison (Secretary).
Thomas Pettigrew is Treasurer. Offico, 15 Exchange Place, Jersey C ity.
Directors (Securities C o.) Henry I I . Head (P re s.), Walter Lee (Treas.),
Levis L . Mann, Charles A . K ittle. Charles M . Warner, D ave H. M orris,
Wm. B. Cravath. Fred’ k A . Downes. Robt. M . Thompson. Henry O. H ar,
rlsoulsSecy. Offico, 1480 B ’way, N . Y . — (V . 104, p. 160,165,363,453,561.
A M E R IC A N
I N T E R N A T IO N A L C O R P O R A T IO N .— O R G A N IZ A
T I O N .— Incorp. in N . Y . on N o v. 23 1915 with $50,000,000 capital stock
(par $100) consisting o f $1,000,000 pref. stock, known as managers’ shares,
and $49,0(30,000 common stock, each 50% paid. V . 102, p. 1813. Or
ganized with a view o f furthering foreign trade relations. For terms o f
subscription, &c., see V. 101, p. 1857, 1941, 1762. In Dec. 1916 was more
or less largely Interested in the following companies (V . 103, p. 2338): Pacific
M a ll SS. Co. (V . 101, p. 2076, the Allied Machinery Co. o f America, Latin-
Shlpbullcflng Corp. (V . 103, p. 2159, 1986), Carter & M a cy & C o., (tea
importers); China Corp. and the Siems-Carey Ry.& Canal Co.(V.103,p.l303.)
Common and pref. stock are to be treated alike until over 7% is paid,
when managers’ shares will receive 20% and common 80% or disbursements.
D IV ID E N D S .— N o . 1 on both com. and prof., 75 cts. paid Doc. 30 1916.
R E P O R T .— Preliminary report for 1916 in V . 103, p. 2338. T h e esti
mated surplus earned In excess o f organization and operating expenses to
Doc. 1, was $2,231,495. Dividends o f 75 cents each have been declared,
both on the pref. and common stocks to holders o f record Dec. 15. Tho
company's fiscal year ends Dec. 31.
O F F IC E R S .— F. A . Vandorlip, Chairman o f tho Board; Pros., O. A .
Stone; V .-P ., W . D . Straight, Frederick Holbrook, Robert F. Herrick,
Geo. J .Baldwin. Philip W . Henry, W . S. Kies Sec. & Treas., R . I*. Tinsley;
Asst. Sec., Ames Higgins; Asst. Troas., P. M ayes. N . Y . offico, 120
B road w a y — V. 103, p. 1303, 1809, 1981, 2157, 2338.)
A M E R IC A N LIG H T & TR A C T IO N C O — O R G A N IZ A T IO N .— Incor
porated in New Jersey Mav 13 1901 by Emerson McMlIlln and associates
V . 72, p . 724, 871.987; V. 73, p. 235, and V. 75, p. 343. Owns practically
all o f the stock o f the below-noted cos. oxcopt the Milwaukee Gas L t. Co.
Th e Western Gas Co. owns practically all o f the stock o f the M ilwaukee Gas
L t . Co. Practically all o f tho stock o f the Westorn Gas Co. Is ownod.
Securities issued—
Stock.
Eonds.
Milwaukee Gas Light Co_____________ $5,000,000 $8,697,000 V . 74, p. 482
Grand RapUls (Mich.) Gas Light Co. 2,400,000 1.575,000 V . 64, p. 662
803,500'
Madison (W Is.) Gas & Elec. Co-------400,000
St. Joseph (Mo.) Gas Co----------------- 1,000,000 1,000,000 See page 189
St. P.(M lnn .)G .Lt.C o.(V .77. p.2282) 4,350,000 5,000,000
996,000.
Binghamton (N . Y .) Gas W orks----450,000
Con Gas Co. of N . J. (L . Bran., N . J.) 1.000,000 1.715.000 V . 75. p. 344
Detroit City Gas Co__________________ 9,500,000 8.535.000 See this seot’n
750.000 V . 73. n. 1014
St. Croix Power Co.. Somerset. W Is ..
2,500
984.000 (See “ Electric
San Antonio Gas & Electric C o------- 2,200,000
984,000( Railw ay
San Antonio Traction C o . . ------------- 2,500,000
600.0001 Section.”
Muskegon (M ic h .) Trac. « L tg . C o .
663,000
f '04. '05. 06. ’07. ’08. ’09. ’ 10. ’ l l to ’ 16. 1917.
D IV S . (% )—
________________________ 4)4 5)4 6)4 9 9)4 10 yrly. 2)4 , qu.
Common (cash)
- j l ) S 3)4
Do
(s t o c k )........ [ ................................ 12)4 10 10 yrly. 2)4 , qu.
E A R N IN G S .— For year ending Dec. 31 1916 in V . 104, p. 557, showed:
Calendar Earns, from Other
Net
Pref. Dia.
Common
Balance,
Years— Sub. Cos.
Income.
Profits.
(6 % ).
Cash D iv.
Surplus.
1916 ...$5,295,233 $564,705 $5,648,027 $854,172 $1,801,798 $2,992,056
1915____ 4,555,156 623,232 5.021,764 854,172 1,632,645 2,534.947
Tho co. also deducted stock dlvs. on com. stock, $1,801,798 in 1916,
against $1,602,645 in 1915.
,
Chairman, Emerson M cM illln ; Pres., A . P . Lathrop; 1st V .-P ., Marlon
M cM lIlln; 2d V .-P ., Sec.-Treas., C. N . Jelliffo. N . Y . offico, 120 B ’way.
(V . 102, p. 606, 1719; V . 103, p. 495, 1689; V. 104, p. 453, 557.)
A M E R IC A N LIN S E E D C O .— O R G A N IZ A T IO N , &c.— Incorporated
on Doc. 5 1898 In N . J. V. 67. p. 1161; V . 69, p. 697. See V . 71, p. 545:
V . 70, p. 631: V. 102, p. 1719. Stock, $33,500,000 (ono-half 7% non-cum.)
pref.; par $100. V. 76, p. 216. Dlvs. on prof., 1899 to 1900, aggregated
10)4% ; none slnco till N o v . 1916, when 3% was declared payable 1)4%
Jan. 1 1917, and 1)4% July 1 1917. V. 103, p. 1890.
Amount
Outstanding
Rale
%
When
Payable
[V o l . 104.
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
AlI-50% pd
See text Dec 30 T6 , 75c
$18,681,200 See text
Q— F
Checks mailed
See text
14,236,200 6 In 1910 Q— F Feb 1 '1 7.1)4%
do
do
25.000.
See text Q— M 28 Jan 3'17. 111% Checks mailed
000
7 In
25.000.
000 1916 Q— J Jan 22 '17 1)4% Checks mailed
5g
J & J July 1 1917
N Y , 30 Ohurch St
1.336.000
1.932.000 4 & 6 !............ Soe text
See text
. ______ i text
Soe text
See text See text y — F
15 Exch PI, Jer City, N J
See text
now
See text
now
See text
new
new
Guaranty Trust Co. n " Y
J & D June 1 1926
$1,000,000
5 g
3,161,100
3.858.000 7 In 1916 Q— J Jan 1 '17 1)4% Bankers Trust Co N Y
4,995,662
1.500.000 7 in 1910 M & S Sept 30 '16 3)4 By check
6,328.800 3 in 1916 M & S Sept 30 '16 1)4 By check
283,500
International T r Co, Bos5 g
A & O Oct 11928
311,000
do
do
5 g
F & A Feb 11922
R E P O R T .— Report for year ending Sept. 30 1916, V . 103, p. 1979.
Fiscal
Gross
Operating
Operating
In t. on Bor.
Balance,
Year— Earnings.
Expenses.
Gain.
Money.
Surplus.
1915-16...$ 2 ,847,484 $1,347,147 $1,500,336
$23,518
$1,476,817
1914- 1 5 ... 2,519,467 1,437,806
1.081,661
74,030
1,007.631
Pros., R.IT.Adams; Sec., W . A . Jones; Treas., II. E. Doopor. O ffice, Woolworth Big., N . Y . — (V . 101, p. 1626; V. 102, p. 1719; V.103, p.1890, 1979.)
A M E R IC A N L O C O M O T IV E C O .— O R G A N IZ A T IO N .— Incorp. in
N . Y . on Juno 10 1901 as a consolidation o f various companies (see list V .
73, p. 80). V. 72, p. 1189; V. 73. p. 84, 186, 724: V. 83, p. 686; V. 88, p.
102: V. 89, p. 591: V. 78, p. 1111. 1393, 1448: V. 84. p. 1431; V. 80, p. 474:
V . 87, p. 675. Co-operates with Gonoral Electric Co. in construction o f
electric locomotives. Soe V. 79, p. 1022.
D IV ID E N D S , &c.— Dividend on pref., 1)4% quar. Oct. 1901 to Jan.
1917 both incl. D lv. on com. stock, 1)4% quar., paid Aug. 1906 to Aug.
1908, both incl.; and 1)4% quar. paid Sept. 1916 to Jan. 1917, Incl.
V. 103, p. 845; V. 87, p. 679.
B O N D S . &c.— T h e 5% serial gold notes o f 1912 ($6,000,000 authorized is
sue) mature $2,000,000 yearly. No Hen can be placed on the property unless
cash has been deposited for their payment. O f tho notes $4,800,000 wore
sold, o f which tw o series matured July 1 1915 and July 1 1916, and $264,000
maturing In 1917 havo boon purchased, leaving $1,336,000 outstanding.
V . 94, p. 1628; V. 95. p. 615; V. 96, p. 137; V . 101, p. 133. Richmond Loco
m otive, $432,000 gold consol. 6s, duo Apr. 1 1929 (assumed).
Locomotive < Machine Co. of Montreal 1st 20-yr. gold 4s ($1,500,000),
fc
dated Mch. 1 1904 ($1,000 each), guaranteed prln. & Int. by A m . Loco. Co.
Int. March and Sept, at Royal Trust Co. of Montreal, trustee.
$19,370,532, togother with unfilled orders, to Dec. 31 1916, amounted to
$75,746,377. V. 103, p. 408. 495.
E A R N IN G S .— For 6 months ending Dec. 31. (V . 104, p. 363):
Gross.
Profit. W ar,A c .,Tax. Pref. D io . Com. D iv.
Bal., Sur.
S
S
S
$
J»
§
1916 .37,863,594 5,453,334 1,822,500 (3)4)875.000 (2)4)625,000 2,130,834
_________ 1,952,740
1915 .14.398,859 2.856.490
28.750 (3)4)875,000
Unfilled orders on books Jan. 20 1917, $75,746,377.
R E P O R T .— Report for year end. Juno 30 1916 was in V . 103, p. 576:
Years end. June 30—
1915-16.
1914-15.
1913-14.
1912-13.
Gross oarnings.............. $59,316,016 $9,303,298 $29,987,438 $54,868,175
M fg.,m alnt.& adm .oxp. 46,483,900 9,405,216 26,375,871 46,815,156
D ep recia tio n .................
1,761,682 1,040,684
1,049,316
1,226,535
In t. on bonds o f constit.
cos., coupon notos,&c.
301,005
349,378
486,124
641,178
D iv. on pref. stock (7 % ) 1,750,000
1,750,000
1,750,000
1,750,000
Extraord. additions, &c. 3,000,000
_________
_________
600,000
Balance..................sur.$6,0l9.429df$3.241,980sur.$326,127 sr$3,835,306
D IR E C T O R S .— S. L . Schoonmaker (C hairm an), Charles Hayden.
Geo. R . Sheldon, John W . Griggs, Fred’k I I . Stevons, Andrew Fletcher
(Pras.), Harry Bronnor, A . W . M ellon, L . L . Clarko, Albert H . W lggln,
Lolgh Bast (Vice-Pros.), Charles Hayden. Treasurer and Asst. Sec. is
J. O. H obby Jr.; Sec., W . Spencer Robertson: Com pt., Joseph Davis.
Office, 30 Church St., N . Y .— V. 103, p. 576, 845, 2343, 2429.
A M E R IC A N M A L T IN G C O .— O R G A N .— A consolidation In 1897 un
der law sof N . J. V . 65, p.619; V. 70, p.478; V. 85, p. 1141; V. 84, p. 156.
Tho American M a lt Corporation, which slnco 1900 had owned control
o f tho American M alting C o., announced N o v. 10 1916 (V . 103, p. 1793,
1884) that Inasmuch as there were In the troasury o f tho corporation exactly
tho same number o f shares o f American M alting Co. first prof, and common
stock as were respectively outstanding of A m .M alt Corp., and as thesostocks
owned are “ similar In every respect” to tho corporation's stocks, it was pro
posed to eliminate tho holding company, by an exchango o f said stocks snare
for sharo, tlioroby reducing expenses about $8,000 yearly. On Fob. 17 1917
preparatory to tho exchange $3,609,300 common and $7,897,500 prof, had
been deposited w ith Guaranty T r . Co., N . Y . Seo V. 103, p. 1793, 1994.)
Tho plan was declared operative on Feb. 19 1917. Seo “ Chron.” Fob. 24.
Adjusted Capital Stock ( with accumulated dividends of M ay 2 1916.)
(1) Preference as to Divs.— Accum. Pref. as
Total
Amount A m . M a ll
(D ivs. on same basis)— D ies.% . to A s’ts. Author.
Outstdg. Corp. mens.
1st pref., 6% cum..........
30)4 2nd $8,700,000 $8,559,000 $8,559,000
2nd pref., 7% cum.......... 161.59(
f
105,000
105,000
______
(2) N o pref. as to D ivs.—
____ I 1st {
Third p ro f......................
None
195,000
128,876
..........
C o m m o n ........... ....................... 3d
6,000,000 5,762,372 5,762,372
On Sept. 22 1915 thero was a radical change In tho management (soe di
rectors below). V. 101, p. 1015, 1093.
D IV ID E N D S .— O f old Am . M a lt Corp.— On pref. stock, 2)4 % paid
N o v . 1908; 1909, 5% ; 1910, 3 )4 % : 1911, 3% ; 1912. 4 )4 % ; 1913. 4 )4 % :
M a y 2 1914, 2% ; N o v . 4 1914; 1%; 1915, M a y 3, l% ; N o v . , )4% ; 1916, 2% ;
1917, Feb., 1%, qu. For Am. M alting Co. dividends, see V. 103, p. 1884.
BO N D S .— In 1916 the outstanding 1st M . 6s o f tho M alting Co. thon
$1,552,000, were in part exchanged at par for now 1st M . 5s o f 1916 at 97 H ,
and the remainder were called and paid o ff at par on Dec. 1, some $500,000
from sale o f unneeded property being used to rcduco tho funded debt to
about $1,000,000. V. 103, p. 322, 1594; V. 102, p. 813.
R E P O R T .— For year ended Aug. 31 1916 in V . 103, p. 1884, 1994.
Aug. 31
Net
Bond, &c. Taxes,
Divs.
Balance,
Total
Year.
Profits. Interest.
&c.
Paid. Sur. or Def.
Surplus.
1915-16........$673,633 $99,548 $165,625 $326,349 su r.$ 8 2 ,lll $2,046,599
1914-15........ 306,960 147,349 148,637 100,800 def. 89,826 1,964,988
The net Income for 3 mos. to N o v . 30 1916 was $257,307, and the
balanco after $30,912 bond Int., &c., $226,394.
O F F IC E R S .— Pros., W illiam B. Franklin: V.-Ps., Jas. B. Ta ylor and
S. J. Leonard; Sec., W . A . M cCarthy; Treas., if. Eggerklng. Directors:
Goo. A . Schroifer, H . M . Vickors, Russell I I . Landalo, Stephen J. Leonard,
Ansel Phelps, James B. Taylor, William B. Franklin (Pros, o f Amor. M a lt
Co.) and Friend A . Russ. Headquarters, 120 Bway.— (V . 103, p. 2429.)
AM ER ICA N PIA N O CO.— O R G A N IZ A T IO N .— Incorn. In N. J. June 10
1908 as a consolidation of the following companies, then having a combined
output of about 18,000 pianos yearly: W m. Knabe & Co., Baltimore. Md.;
Chlekerlng & Sons, Boston, Mass.; the Foster-Armstrong Co., Rochester,
Pref. stock rights, V. 85, p. 417. No bonds or mtge. See V . 86, p. 1531.
Report for cal. year 1915, in V. 102, p. 1893, showed: Salos. $3,837,000,
against $2,682,000 in 1914. N ot earnings, after depreciation, $373,135,
against $311,227; pref. divs. (7 % ), $270,102; bal., sur., .5103,030. D ivs.
on prof, in full to Jan 1 1917, 7% per annum (1 )4 % Q.-J.).
O F F IC E R S .— Chairman, O. H . Yv . Faster; Pres., Oeo. G. Foster; V .-P s.,
W . B. Armstrong, Geo. L . Eaton and Geo. L . Nichols: Treas., I. E. Edgar.
8ec.,J . H . Shale. Office. 439 5th A v e ., N . Y . C ity.— (V . 102. p. 1893.)
F e b ., 1917.]
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, & c., see notes on first page]
American Power & L ’ ght Co— Common stock 517,500,000..
Preferred (a & d) stock 6% cumulative $5.000,000.........
.Votes (told convertible to Ann 1921 red 102 see t e x t ____x
Gold doben bonds 6% call 110 ($6,984,300 subscr fo r).B a c
A m erican P u b lic Serv C o— Pref stock 7% cuin, $10,000,000
First Lion g call 105--------------------------------------------- Nxxk
Convertible gold notes callable 1 0 1 _______________Nxx.c*
Am erican P u b lic U tilitie s C o— Common $20.000,000____
Pref (a & d) 6% cum red 105 $20,000,000 autli___________
First lien gold bonds red 105_____________________N .xc*& r*
Bonds (sec by coll; V 102,p 1164) $3,500,000 calll02Mi Kx.c
American Radiator— Common sto c k ......................... .............
Preferred stock (not as to assets) 7% cumulative $3,000,000
American Sewer Pipe— Stock $7,000,000 autli (V 104, pOOO)
First mortgage $2,500,000 s f subject to call 1 0 5 -.C o l.xx
American Shipbuilding— Stock common $15.000.000........ .
Preferred (a & d) 7% non-cumulatlve $15.000.000— ..—
Buffalo D ry Dock Co (controlled) Purchaso M oney INI —
Amcrican Smelters Securities— Common stock $30,000,000-
Preferred (as to dlv) “ A ” 6% cumulative red p a r----------Preferred
5% cumulative guaranteed $30,000.000.. American Smelting & Refining— Common stock $65,000,000
Preferred stock (a & d) 7% cumulative $50.000.000-------1st M (see toxt) Series A for $30,000,000 call c *& r*--------
Date
Bonds
1911
1916
1912
1916
1912
1916
1900
____
1917
Par
Value
Rate
%
Amount
Outstanding
When
Payable
Last Dividend
and M aturity
$100 $8,205,400 4 in 1910 Q— M
D ec 1 1916 1%
100 3.663.206 6 in 1916 Q— J Jan 2 1917 1 K
F & A Aug l 1921
6 g
100 &c 2,200.000
M & S M a r 1 2016
6g
100 &c 4,658,000
687.600 See text
Q— J Jan 1 1917 I K
100
J & D Dec 1 19-12
6g
100 S
ee. 1,750,600
500,000
J & D M ar 1 1919
6g
1.000
100 2.995.000 See text
Q— J July 1 '14 K %
6
100 4,064,000
, Q— J Jan 1 '17 1 K %
J & D Dec 1 1942
6g
461,500
500 &c
A & O A pr 1 1936
6g
500 See 2.500.000
Seo text See text Q— M
100
Seo text
100 3.000,000 7 In 1916 Q— F 15 Feb 15 '17 I K
100 7.000,000 See text See text Juno 20'17 H %
500 &c
1,243.000
6 g
M & S Mch 1 1920
100 7.600.000 See text Q— M June 1 1911 2%
100 7,900.000 See text Seml-an Jan 15 '17 I K
150,000
100 30,000.000
100 16,448,800
6
Q— J Jan 21917 I K
100 30.000,000
5
Q— J Jan 2 1917 1K
100 60,998.000 5 In 1916 Q—M15 M a r 15 '17 I K
100 60.998.000 6 in 1916 O— M
M a r 1 1917 I K
100 &c
Seml-an In 30 years
5g
(?)
A M E R IC A N PN E U M ATIC SERVICE CO.— O R G A N IZ A T IO N .— In
corporated July 1 1899 under laws of Delaware. V . 68, p. 1130, 1179. Is
the owner of the whole, or nearly all. stock of the Lamson Co. (V .
68 p. 1073), the Inter. Pneum. Service C o., ice. V . 84, p. 572, 1244; V . 88,
p 824; V. 102, p. 2255.
Official statement In V. 83, p. 34. Seo also V . 88. p. 824. In Jan. 1917
the House o f Representatives at Washington voted to contlnuo the comanles pnoumatlc tube servlco for mall delivery in N . Y ., Chicago, Phlla.,
;oston and St. Louis, and Increased the annual appropriation by $85,000
(to $1 061,000) to cover the cost o f extending tho system in N . Y . C ity.
V . 104, p. 218. In Feb. 1917 tho Senate also approved retaining tho
tubes. V. 104, p. 665.
S T O C K — The 7% first pref. stock ranks ahead o f old pref.; $1,500,000
was sold in 1910. V. 90. p. 449, 504, 701; V. 91. p. 334. In 1912 reduced
the common stock to $4,995,662 by changing the par from $50 to $25 a share.
D IV ID E N D S on old (now 2d) pref. stock to Jan. 20 1902, Inch, 6% ner
annum; in 1906. 4>*% ; in 1907, Jan., I K % : 1912. 2% ; 1913 to 1916
(M . & S .), 3% . V. 94, p. 280. Semi-annual div. on 1st prof.. Sept. 30
1910 to Sept. 30 1916, 7% yearly (3 K % M . & S.).
First M lge. Collateral Trust S. F .— O f tho $5,000,000 5% bond Issuo,
$1,849,000 has been issued, o f which $1,565,500 was in treasury or sinking
fund Oct 7 1916; $600,000 is reserved to rotire the $600,000 (auth. issue)
o f Lamson bonds, and tho balance for extensions, &c. V. 81, p. 32.
E A R N I N G S — 9 mos.,/1916..........Gross, $392,608; net (after $261,895
Jan. 1 to Sopt. 30. \1915..........Gross, $320,819; Int. & s. f.) 221,002
R E P O R T for year onding Dec. 31 1915, with balance shoot, was in V .
2, p. 2070. showing net earnings, $479,254; charges, deprec., &c., $160.
224; div. on stock o f subsld. cos.. $165; divs. on 1st pref. stock (7 % ). $105.
000: div. on 2d pref.) (3 % ) $188,980; bah. sur., $24,885.
Pros.. W m . II. Ames; V .-P . & Treas., Gilmer Clapp; Sec., R . S. Ingram.
O fflco, 100 Boylston St.. Boston.— (V . 103, p. 240, 580, 1890, 2343; Y . 104
p. 218, 605.)
A M E R IC A N POW ER & L IG H T CO.— Incorp. Sept. 17 1909 In Maine,
Organized by Electric Bond & Share Co. of N . Y ., and is controlled by Inter
ests closely allied therewith. Controls Kansas Gas & Elec. Co. and Portland
(Ore.) Gas Sc Coke Co., Pacific Power & Light Co. and Southwestern
Utilities Corp. (seo separate statement for each, & c.). Th e subsidiaries
in Jan. 1916 supplied electric light and power servlco to 150 communities,
artificial gas to 16 communities, natural gas to 4 communities, water sorvlco to 7 communities, street railway service to 3 communities and intorurban railway servlco to 3 communities; total population served est. at ovor
1,000,000. See data V. 102. p. 1627, 1434, 1813; V. 93, p. 169; V . 94, p.
1509; V. 95, p. 112. and report, V. 97. p. 113; V. 101, p. 616.)
Tho Amor. Power & Light Co. also controls the Southwestern U tilities
Corporation, with $15,000,000 stock. Owns securities In public u tility
companies. Including Texas Power & Ligh t C o ., operating or controlling
properties In Texas and elsowhere in tho Southwest. V . 95, p. 1124.
S T O C K , &c.— The common stock voting trust has expired. N o bonds.
Stockholders were odered the right to siibscrtbe for $2,200,000 10-yr. 6%
gold notes dated Aug. 1 1911 at par. With the notes were Issued transfer
able option warrants giving tho holder or the warrants an option at any time
within 10 years to purchase an amount o f common stock at par equal to
amount o f notes. See full particulars, V. 93, p. 108, 608. Diva, on pref.
in full to Jan. 1917. On com., 1913. 1914, 1915 and 1916, 4% (Q .-M .).
Holdors o f record Fob. 21 1916 o f preferred stock and voting trust certifi
cates and warrants for its common.stock on.Job. 21 had subscribed for
85% o f an underwritten issue o f So,984,300 6% gold debenture bonds
(subscription payinonts spread over fiv e years), receiving therewith option
warrants giving tho right to purchaso common stock at par at any tlmo
boforo March 1 1931 and aftor March 1 1918, and to pay therefor with
bonds of this issuo. Auth. bond issuo, unlimited as to amount, to bo issued
pursuant to an agreement. Bankers Trust Co. o f N . Y ., trustoo. V . 102,
p. 610, 887, 1061, 1627.
E A R N IN G S .— For years onding Dec. 31. V . 102, p. 1434, 1627):
Cal. Year—
Gross.
Net.
Bond,& c.,Int. Pref.Divs. Bal. Sur.
1 9 1 5 :............$7,326,096 $3,454,243 $1,483,767 $864,293 $L106 183
1914..
.... 6,959.333 3,257,827
1.319,004
787,860 1,150,963
D IR E C T O R S .— A . C. Bedford, R . E. Breed, A . AV. Burcliard, G. E
C .B tx ford,
L.
W . Burcliard.
E.
laflin,
F. ~ W alcott, Henry II.
Olaflln, F . A . Farrar, S. Z. M itchell, F. G. Sykcw, ” O. '---* "
/ehrhano,
Wohrhano, II. P . Wright, A . S. Grenier. Officers: F. G. Sykes, Pros.;
Arning, Sec. & Treas. N . Y . offico, 71 B way.— (V. 100, p. 1813.)
MI. II. Art
.
A M E R IC A N P U B L IC S E R V IC E C O .— (See M a p .)— O R G A N IZ A
T IO N .— Incorp. In Oct. 1912: in Delaware and owns the entire capital
stocks and all tho bonds o f 16 public u tility companies serving, witfiout
competition, under favorablo franchises extending, with one exception, to
1942 or later, rapidly growing cities In Texas and Okla., with a combined
population o f about 80,000, these Including, as plainly shown on tho adjoin
ing map: (a) A ll tho electric light and power and ice properties In Abilene,
Marshall, Cisco, Jefforson, Longview, Baird and M erkel, T ex., and Hugo,
Henryetta, Okmulgee and Morris, Okla.; eloctrlc light and power prop
erty in Stamford, Tex.; (b) gas properties in Abilene and Cisco; (c) water
works In Abllcno; (d) eloctrlc street railway in Marshall, Tox., steel pay-asyou-enter cars and 70-lb. rail.
Total electric generating capacity. 7,800 n. p.; 165 miles o f power and
light distributing polo lines; electric transmission lines from Okmulgee to
Morris, 8 miles; Marshall to Jefferson, 16 miles; Abilono to M erkel, 16 miles;
also projoctod from Marshall to Longviow; also building Abilono to Baird.
Cisco, &c. Natural gas is supplied through 34 miles o f mains and 1 165
motors. Water-works, 430,000,000-gal. reservoir and 20.7 miles o f mains.
Hygionic ice-manufacturing capacity, 375 tons.
C A P I T A L S T O C K .— Authorized, common, $15,000,000: pref. 7% cum.
$10,000,000; outstanding Dec. 31 1916: common, $1,595,900; prof.,
$687,600. Tho pref. represents a largo cash invostmont above the bonds.
B O N D S .— Tho First Lien bonds ($1,750,600 outstanding in M a r 1916—
see tablo above) are a first collateral lien equivalent to a direct first lion on
all tho properties o f tho constituent companies, their entire issued capitali
zation, stock and bonds, having been deposited with tho Now Y ork Tru st
C o., tho mortgago trustoo. Additional bonds are issuablo for 85% (a) o f
cash cost o f improvements and additions, or (b) o f replacement valuo o f
acquisitions, but only whon the annual not earnings aro 1 K timos tho
annual interest charge, including the proposed bonds and any underlying
securities not plodgod under tho mortgago. Bottormont fund ranges from
1% on Jan. 1 1916 to 2% on Jan. 1 1918 and annually thereafter o f bonds
out. Bonds placed by N . W. 11a sey Sc Co. (V . 101, p. 1372).
Tho notos o f 1916 aro convertible on any Int. date upon 15 days' notlco,
at option o f noteholder, for each $1,000 principal, into either (a) $500 First
Lion 0% gold bonds, $500 7% cum. pref. stock and $100 com. stock; or
(b) $1,000 7% cum. prof, stock and $200 common. V. 102, p. 1251.
E
143
INDUSTRIAL STOCKS AND BONDS
Places Where Interest and
Dividends are Payable
Checks mailed
Guaranty Trust Co. N Y
N ew York
N ew York
N ew Y ork
Now Y ork C ity
Chase N a t Bank. N Y
do
do
Central T r Co o f 111. Chic
Logan Trust C o. Phlla
Oil 816 So Mich Ave.Chlo
Checks mailed
Columbia Tr. Co, N Y
Cleveland, Ohio
do
do
do
do
120 Broadway,New York
N ew Y ork
Certified Earnings fo r Calendar Years and 12 Months to Nov. 30 1916.
„
1912.
1913.
1914.
1915.
1915-16.
G ross................................ $316,080 $353,471 $411,775 $505,877 $725,726
N e t .................................... 114,761 118,267 136,905 163,757 29o!o39
Annual interest on (a) First Lien bonds, $105,036; (b) convert
ible gold notes, $30,000................................. ........................... .
135,030
g l a n c e .......................................................................................... $155,903
Prof. divs. at rate o f 7% have been paid since organization to date.
, O F F fC E R S .— A . G. H oyt, Pres.; A . C . Smith, E. W . N ivc r and A . V .
Walnright, V.-Ps.; E . W . N lvor, Sec.; S. W . Baldwin, Treas.; E. B . Caff<*ii» Asst. Sec. & Asst. Treas.; J. M : Dickie, Asst. Treas. Executive
office, 55 W all St., N . Y . — (V . 101. p. 1372; V. 102, p. 1251.)
A M E R IC A N P U B L IC U T I L I T I E S CO. Kelsey. Brewer & C o., H old
ing C o.— (V . 101, p. 771; V . 102, p. 888, 1164; V. 103. p. 495, 935.)
A M E R IC A N R A D I A TO R C O .— Incorporated in N . J. Feb. 10 1899. V.68,
D* 3 2 9 ;v . 80. p. 2346: V. 90, p. 374, 629.
D IV S .— f'06. '0 7 .'0 8 . '09. '10-’ l l . '12-’ 13.
1914.
'15. '16. 1917.
Common .1 4 4
4
6 8 y rly . 8 yearly.
914
16 16
toxt
Extra
1 .. 2
2
2 2 y r ly . 2& 10stk. 2 & 10 stk..........................
, I no directors In Feb. 1917 approved a plan to Increase tho auth. capital
stock from $9,000,000 to $22,000,000 ana to declare a stock dividend o f
50% on tho common stock, payable In common stock on M ar. 15 to holders
o f record M ar. 7, making the outstanding common $12,278,400. A cash
Ouarterly dividend o f 3% was also declared on the common stock, payable
M ar. 30 to holders o f record M ar. 21; this dividend will also be paid on the
stock issued as a dividend and Is equivalent to 414% on tho old stock.
V . 104, p. 561, 454.
R E P O R T for year ending Jan. 31 1916, with bal. sheet, V . 102, p. 972:
Net
Pf.D ivs.
Com. Divs.
Com.Stk. Bal.,
Total.
Jan. 31
Promts.
(7 % ).
(Cash).
D iv. 10% Surp.
Surplus.
Year—
1915-16 .2,364.953 210.000 (16%)'l,309,696 . . . . . . 845?257 7,972,843
1914-15 -2.289.075 210.000
m
,
(1114)911.580 744,100 423,395 7.127,586
T o ta l surplus Jan. 31 i916, $7,972,843.
Pros., O. M . W oolley. Office. 816 So. Michigan A ve., Chicago.— (V . 98.
p.1395; V.100, p.476, 809, 903, 1920; V.102, p.888, 972; V.104,p.454, 561.)
A M E R IC A N R E A L E S T A T E C O ., N . Y — V . 104, p. 453.
A M E R IC A N R E F R IG E R A T O R T R A N S I T C O .— Stock, $500,000,
owned by M o. I’ ac. R y. and Wabash R y . The $524,000 5% equipment
notos dated June 1 1911 mature in installments, ranging from 561 000
to $57,000 semi-annually from June 1 1917 to June 1 1921; par $ l,0 0 0 '’int.
& J at Guaranty Trust C o., N . Y .; the $288,000 5% equipment notes
DA
dated Dec. 2 1912 mature in semi-annual installments o f $24,000 each
from June 1 1917 to Dec. 1 1922; par $1,000; int. J. & D .; and the $1 365 000 5% equipment notes. Series C , dated M a y 1 1913, mature in semi
annual installments o f $105,000 each); par, $1,000; Int., J. & D ., at First
Trust & Sav. Bank, Chicago, 111. A ll issues aro tax-oxempt.— (V . 97 -,n
667, 1117.)
A M E R IC A N R O L L IN G C O ., M ID D L E T O W N , O .— Plan, V.104.p.454.
A M E R IC A N S H IP B U IL D IN G C O .— Incorp. in N . J. March 16 1899
V . 68. p. 770; V. 70. p. 896; V. 71. p. 344. 1014; V . 73, p. 390; V. 83. p. 1172
Decision, V. 94, p. 1765; V. 95, p. 1543; V. 96, p. 489. In N o v . 1916
control o f tho Western D ry Dock & Shipbuilding Co. was sold for a sum
said to bo about $2,000,000 to Port Arthur Shipbuilding Co. L td
V
103, p. 1890; V . 104, p. 367.
D IV S.1’02. '03. '04. '05. '06. '07. '08. '09. '10. ' l l . '12. '13. '14. '15 '16
Com
/ 1
3
0
2
6
6
2
2
6
4
0
0
0
0
P r e f.. ---------7% yearly ( 1 K % guar.) to Jan. 1914--------- I K
o 8K
In 1916 pref. divs. were: Jan., 1 K % ; A pr., \ K % \ July, 3K\ Oct., \ K .
1917, Jan., 1 K % - ^ V . 103, p. 495. Changes In management in 1915,
V . 101, p. 1975, 1554, 1437.
R E P O R T .— For year ending June 30 1916, In V . 103, p. 1591, showingJune 30. N et
Other
Total
In t.,
DepreDivs.
Balance
Year— Earns. Income. Income. T ax.,& c. ciation. (344% ). Surnhis'
15-16 $1,643,646 $165,124 $1,808,769 $90.1990 S325.472 $276,500 $302,807
Tho balance for depreciation for the year ending June 30 1915 was $5 406
Pres., M . E. Farr, Cleveland; V .-P ., Sec. Sc Treas., Ora J. Fish
O ffice
Cleveland, O .— (V . 102. p. 1251, 1437; V. 103, p. 495, 1414, 1591, 1890 )
A M E R IC A N SM E LTE R S S E C U R IT IE S C O .— O R G A N IZ A T IO N —
Incorporated March 31 1905 In N ew Jersey. V. 89, p. 1662. V 80 r>
1730, 1915, 1973; V. 82, p. 694; V. 90, p. 1046; V . 93. p. 291; V 91 p
1327; V . 94, n. 854; V . 101, p. 529.
’
p‘
S T O C K .— Pref. “ A " Is preferred over “ B " only as to dividends. There
Is to bo sot aside from Income for retirement o f stock at par yearly on July 1
beginning 1914 1% on pref. stock ser. “ A " and a further sum equal to 6%
on all stock theretofore purchased; $551,200 redeemed in 1914 to 1916
See V. 100, p. 529; V . 94, p. 1628. Pref. stock has no voting power unless
dividends for one year remain unpaid.
In Jan. 1917 the American Smelting & Refining Co. as owner o f all the
$30,000,000 common stock and guarantor o f the $30,000,000 prof “ B ”
stock, offered to g ive in exchange for pref. “ B " its own 1st M . 5s o f 1917
$ for $. Seo said company and V. 104, p. 363. This measure is supposed’
to be preparatory to the winding up o f the Securities Co. for sake o f economy.
D IV ID E N D S .— On both classes or prer. stock in full to Jan. 2 1917
Inch 6% on 1st pref., 5% on 2d (now Q .-J.). On com., from 1908 to 1916
Inch 4% yearly (1% Q .-M .); in June 1916 1% and K o f 1% extra was paid.
D E B E N T U R E S .— O f the $12,237,000 6% debentures outstanding
Juno 30 1916, $1,239,000 were retired by the sinking fund, 56,255 500 were
exchanged by tho holders for common stock o f the A m . Smelting & R e f Co
and tho remainder, $4,742,500, were called and paid o ff at 105 on Feb 1
1917 out o f proceeds of an equal amount o f common stock o f the Refining
n°62*°Vl 92
V ‘ 104’ P ‘ 363'
V ' 91> p ' 1448' 1329* 1327-
R E P O R T .— For year ending Doc. 31 1915, in V . 102, p. 1246, showed:
N ot incomo, $9,397,120. against $6,152,971 in 1914; hit., discount & dopr.
$2,827,625. against $2,193,368; pref. div. “ A ’ ' (6 % ), $1,001,844: pref. “ B ”
div., $1,500,000; com. div. (4 % ), $1,200,000; bal., sur., $2,86/,651.
O F F IC E R S .— Pres., Daniel Guggenheim; Vice-Pres., Edgar L . N ew house, Edward Brush, Karl Ellers, J. K . MacGowan, Joseph Clendenin
and S. W . Eccles; Treas., M urry Guggenheim; Sec., W . E. Merriss. O ffice
120 IV w a y, N . Y . — (V . 102, p. 2344; V. 103. p. 1689; V . 104. p. 75, 363
661, 665.)
A M E R IC A N SM ELTING & R E F IN IN G CO.— O R G A N IZ A T IO N . & c —
Incorporated April 4 1899 under laws of New Jersev; V. 68. p 668
Owns
and operates plants for the smelting of ores and the treatment of lead
144
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
T[F or abbreviations, & c., see notes on first pane]
American Snuff— Stock common $11,000.000________________
N ew preferred (a A d ) 0% non-cum $4,000,000 _________
American Steel Foundries— Stock (see t e x t )_____ ____________
Mortgage $3,900,000 total auth s r red after 10 years___Eqx
Debentures $3,436,800 redeemable at par (t e x t )__________ x
American Sugar Refining— Common stock $45.000,000-___
Pref stock 7% cum (not pref as to assets) $45,000.000____
American Telegraph & Cable— Stock 5% rental_____________
American Telephone & Telegraph— Stock $500,000,000____
Collateral trust mortgage gold (V 70, p 40 )______ 01$.zc*
Convertible bonds redeemable at 105 (text) .OB.xxc* &r*
Convertible bonds redeemable text______________________ *
Sinking fund collateral trust bonds s fd 1% call 105____ OB
W e s t T A T Oo coll trust bonds $10,000,000 assum .OB.zc*
N otes Issued In Jan. 1916 direct and endorsed (see text)____
American Thread— Pref (a A d) stk $6,000,000 5% cum g or £
■First mortgage $6,000,000 gold or £ _______________ ti.xc*
Date
Bonds
1905
1908
1899
1906
1913
1916
1902
1916
1899
Par
Value
Amount
Outstandtno
$100
100
100
100 Ac
100 &c
100
100
100
100
1,000
1.000 Ac
100 &c
100 &e
500 A c
1.000 A c
5
500 Ac
$11 000.000
3 952.800
17. 181.000
1 651.500
404.800
45, 000,000
45, 000.000
14, 000.000
395 704,300
78, 000,000
3 107.000
13, 795.800
80 000,000
9, 985.000
50 000,000
4 890,475
6, 000,000
bullion, copper bullion and copper matte In Utah, Montana. Colorado,
Nebraska, Illinois, New Jersey. Mexico and elsewhere. The principal mer
chantable products are bar gold and sliver, pig lead, electrolvtlc copper and
blue vitriol. Controls the Kansas C ity Smelting A Refining Co., the Omaha
A Grant Smelting C o., A c. Plants, rights o f stock, A c., V. 102, p. 1989;
V . 68, p. 1041; V. 84, p. 160; V . 88, p. 1059; V . 93, p.471. SeoAm . Smelt
ers Securities Co. above. V. 80, p. 873: V. 91. p. 1329: V. 93, p. 291.
S T O C K .— Tlio common stock was Increased In 1910-17 from $50,000,000
to $60,998,000 in connection with tho retirement o f tho remaining $10,
998,000 6% debentures o f American Smelters Secur. Co., which see above.
D IV ID E N D S . 11905.
1906. .1907. 1908. 1909 to 1915.
1916.
Common ( % ) -------\ 5)4
7
7)4
5
4 % p era n n .
5
In June and Sept. 1916 an extra o f >4 o f 1% was paid along with the
regular 1%.
B O N D S .— In Jan. 1917 tho company arranged to mako a first mortgago
bond issuo, limited In amount to tho par amount o f tho full paid preferred
and common shares at any time outstanding, and issuable under suitable
restrictions for Improvements, additions, the acquisition of securities. Ac.
Tho mortgage covers all tho property o f tho Refining Co., all the $30,000,
000 common stock o f tho American Smelters Securities Co. (and all o f Its
“ B ” stock surrendered) and tho entire cap. stock o f tho Consol. Kansas C ity
Smelting A R ef. Co. and U. S. Zinc Co., Ac. V . 104, p. 363.
Tho Initial 830,000,000 series “ A ” 5% bonds were offered In Jan. 1917
In exchange for tho “ B " stock o f tho Amor. Smelters Securities C o., $ for
These bonds like tho “ B ” stock aro subject to call on and after July 1 1930,
all or part, at par and lnt. Annual sinking fund beginning in 1918,1)4%
o f tho maximum amount o f bonds at any tlmo issued. V. 104, p. 363.
R E P O R T S (I N C L U D I N G S E C U R IT IE S C O .).— For half-year ended
June 30 1916, in V . 103, p. 1029, shows: N e t lncomo applicable to dividends,
$11,145,694, or an Increase over tho same period o f last year o f $6,125,712
over the 6 months ending Juno 30 1915.
Combined Results for Calendar Year 1915 (in V. 102, p . 1159).
1915
1914.
1915.
1914.
$
$
Sm elt.,ref.,Ac.l4,472,612 10,667,822
Am .Sm .Sec.—
M ining props. 1,984,977
935,193 Dob. lnt., A c .
820,370
858.064
ln t., rents,Ac. 1,788,142 1,222.514 Pref. A d tv .(6 ) 1,001,844 1,017,450
Pref. B d iv.(5 ) 1,500,000 1.500.000
Gross In c .. 18,245,731 12,825,529
A m .S .A R .—
Adm in, expen.
831,033
924,683 Pref. div. (7 ). 3,500,000 3.500.000
T a x e s ---------280,645
--------- C o m .d iv. (4 ). 2,001.080 2,000,000
175.859
Depr. A Amor 1,646.565 1,540,350
Res’ch Ac.,exp
71,263
55,008
T o t. deduc.13,195,350 11,811,414
Ponsions, A c .
988,122
Chges., P A L .
554,429
240,000 Surplus.......... 5.050.381 1,014,115
D IR E C T O R S .— Simon Guggenheim (Chairm an), Daniel Guggenheim
(Pres.), Isaac Guggenheim (Treas.), Solomon R . Guggenheim, M urry
Guggenheim, S. W . Ecclos (V ice-Pros.), Edward Brush (Vice-Pros.):
W alter T . Page, Grant B. Schley, W . S. McCornick, Karl Ellers (V .-I’ res.),
fra n k W . Hills (C om pt.), Charles Earl, Edgar L . Nowhouso (Vice-Pros.),
W illard S. M orse, John N . Steele, Joseph Clondenln (Vice-Pres.), J. K .
M acGowan (Vlce-Pres.), Leopold Frederick, H . A . Prosser, Judd Stewart
(Gen. A n d .), R . W . Straus, W illiam I.oeb Jr., C . IV. W hitley, W . M .
Drury, F . H . Brownell, L . G . Eakins, I I . A . Guess. C . A . H . do Saulles
and H . R . Wagner. O ffice 120 B ’way, N . Yr.— (V . 103, p. 1029, 1212,1689;
V . 104, p. 75, 363, 561.)
A M E R IC A N SNUFF CO.— Incorporated In N . J. on March 12 1900.
Under plan of disintegration of A m .Tobacco Co. (V . 93. p. 1122-4), the
assets remaining are large modern grinding factories at Yorklyn, Del. and
Clarksville, Tenn., and finishing works at Memphis, Tenn. In M ay 1915
the auth.stock was reduced. V. 93, p. 280; V. 93. p. 1603; V. 100, p. 1439
C O M . D IV S . f’03-’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. T 3 .’ 14.’ 15. ToJan’ 17
R e g u la r.......... % {1 0 y ’iy 10)4 13 19 20 20 1214 12 9 12 (3% qu .)
Extra _
._ % | ................................
4
9
3
3 2 ) * ____ . . . . . .
Also! n Dec. 1911. 34 4-11% each In com. stock o f Geo. W . Helrae and
Weyman-Bruton companies (V . 94. p. 280); In July 1913, 10% in Arner. T o
bacco Co. pref. stock and 4.54% o f Amer. Cigar Co. prof, stock (V . 96. p.
1631). In Oct. 1914, distributed P . Lorlllard Co. and Liggett A M yers
l o b . pref. stock out o f surplus, making .02204 6-11 and .03127 3-11 o f a
sharo, respectively, on each share of common stock. V. 99, p. 676, 1676.
R E P O R T .— Report for year ending Dec. 31 1916 (in V. 101, p. 665):
Cal.Year—
1QIK.
1915.
I
10m
im r:
1916.
1915.
N e t earnings.$1,899,680 $1,701,334 Com.dlvs.(12)$l ,320,000 $1,320,000
Pref.dlvs.(6% )
237.168
238,8181Bal., surplus. $342,518
$142,516
Pres., M artin J. Condon: Treas., M . E . Finch. Office, Memphis, Tenn.
— (V . 102, p. 888, 970; V. 104, p. 665.)
AM ER IC A N STEEL F O U N D R IE S — O R G A N IZ A T IO N .— Incorporated
in N ew Jersey on June 26 1902. V . 79, p. 1463; Y- 80, p. 224, 602: V. 83.
p. 685, 1575. V. 103, p. 495; V. 101, p .l 373.
ST O C K .— The stockholders voted June 12 1908 to reduce the authorized
stock from S37.650,000. consisting of $18,110,000 common and S19.540.000
P/ef.. to $17,184,000 o f one class only. V. 86, p. 170. 482, 605. 722, 796;
V . 87, p. 40. Over 99% o f stock assented.
B O N D S .— As to 6s, see V. 81, p. 267, 842: V . 83, p. 820. Debentures
are callable at par; not less than 10% to be retired yearly from Feb. 1 1913.
,nPoI V I P ^ D S’— M a y 15 1910
M a v 15 1911, both inch. 5% per ann.;
J914, 2 %
\
o f 1% quar.); then none till Dec. 31 1916, 1 )1 % .
V . 103, p:12157.
R E P O R T .— Year 1915, V. 102, p. 1160; prelim. 1916, V . 104, p. 454:
Cab Yr.—
Net.
Other In c.
Total.
In t., A c.
Balance.
1916--------$4,842,237 $122,986 $4,965,223 $1,547,166 sur.$3.418,057
1915,-----517.325
189,523
706,848 1,020,282
def.
313,434
Directors.— Charles M iller, R . P . Lamont, F. E. Patterson, W . D .
Sargent., Geo. B. Leighton, M ax Pam, Edward Shearson, John M . Har
rison, E . F . Goltra. Arthur J. Eddy, Geo. E . Scott. President, Robert
P . Lamont; fir s t Vice-Pres.. Geo. E. Scott; Socond Vice-Pres., R. H. Ripley;
3d V .-P ., Warren J. Lynch: 4th V .-P ., J. C . Davis; Treas. A Sec., F. E.
Patterson; Com p., Thos. Drever; Gen. Counsel, Max Pam
O ffice.
Chicago.— (V . 102. p. 1160, 1164, 1719; V. 103, p. 495, 1033, 1689, 2157:
V . 104, p. 454.)
A M E R IC A N SUGAR R E F IN IN G .— Organized In N . J. In Jan. 1891, per
plan, V . 51, p. 609. (See also V. 91. p. 1571.) The company holds (see
description V. 90, p. 164; V. 88, p. 943). by direct ownership and ownership
In subsld y companies, the Standard Refinery, Boston: Havcmeyer A Elders
New York; Matthlessen A Wlecher’s, Jersoy City: Sprcekels’ Refinerv,
Ihuadelphla, and Chalmette Refinery, Now Orleans, and the Franklin
Refinory, Philadelphia. Tho company holds In rosorvo roady for operation
[V o l . 104
When
Payable
See text
6 In 1916
See toxt
6 g
4
7 in 1916
7 In 1916
5
8 In 1916
4 g
4 g
4)4
5g
5g
4)4
5 in 1916
4 g or £
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Q— J
Q— J
Q— M 31
A A U
F A A
Q— J
Q— J
Jan 2 1917 3%
Jan 2 ’ 17 1 )4%
Dec31 '16.1 )£%
Oct 1 1935
Pel) 1 1923
Jan 2 ’ 17, 1 54%
Jan 2 ’ 17, 1
Dec 1 ’ 16 .1 y, %
Jan 15 '17, 2%
July 1 1929
Mch 1 1936
Mch 1 1933
Dec 1 1946
Jan 1 1932
Feb 1 1918
Jan 1 ’ 17, 2)4 %
Jan 1 1919
Memphis, Tenn
do
do
Checks mailed
Equitable Trust Co, N Y
Guaranty Trust Co, N Y
Checks mailed
do
Western Union Tel, N Y
Checks mailed
N Y , Bos, Lond A Amst
N Y , Boston and Amstd
do
do
N ew York and Boston
Old Colony ’l'r C o, Bos
New York
Guar T r Go, N Y , A Lon
do
do
J
M
M
J
J
F
J
J
Q— J
A J
A S
A S
A D
A
J
A A
A J
A J
tho Louisiana Refinery, N ow Orleans. I t also owned Jan. 1916 $2,428,900
o f tho $10,000,000 stock o f the National Sugar Refining Co. (V . 93, p. 535;
V . 92. p. 326; V. 91. p. 1571), having in 1913 sold $2,699,300 to its stock
holders at par. Soe that company below. V. 96, p.362; V .9 8 ,p . 307.
The American company also owns (V . 93, p. 529) less than one-half of
tho stock of the following beet-sugar companies: Alameda Sugar Co., Cali
fornia; Michigan Sugar Oo. (V . 91. p. 1577; V. 93, p. 1670), Michigan; M e
nominee River Sugar Oo., Michigan, and Continental Sugar Co., Ohio. Also
owns y , o f stock o f Sprockets Sugar Co. and m ajority of tho Iowa Sugar
Co. o f Iowa. Comparo V. 93. p. 529, 1603, 1670: V. 94, p. 764; V . 98.
p. 307. 1995; V . 99. p. 1053, 1132, 1912.
Tho investments in beet sugar and other corporations in Jan. 1910
rggregated $22,577,772. Properties owned, cane and beet sugar see G ov’ t
data, V. 91, p. 1571 V. 93. p. 529
Settlemen' o f litlgution April 1909.
V. 88. p. 1130, 1502; V. 89, p. 1282; V. 91, p. 1031. On N ov. 28 1910sult
was brought by the U . S. Government for alleged violation o f the Anti
Trust laws. V 91, p. 1513, 1571: V. 92, p. 657; V. 94. p. 704; V. 98. p.
239, 306: V. 99, p. 1132. Congressional investigation, V. 92, p. 1312;
V. 94, p. 633. T h e Chalmette Refinery, near New Orloans, was closed
down early in Dec. 1914 on account o f Louisiana litigation, but ro-oponed
Jan. I 1915. In Apr. 1916 the Louisiana law classifying tho company as a
public utility was held unconstitutional by tho U. S. Supremo Court. V.
102, p. 1627, 1813. V . 99, p. 1912; V. 100. p. 311, 1834; V. 102, p. 346.
523, 888, 971, 1627. Other litigation, V. 104, p. 561.
D IV S .— (1891.1892.1893. 1894. to 1899. 1900. 1901 to Jan. 2 ’ 17.
Common .% \ 8
9
22
12 y ’ly (3 Q-J) 6)4 7 y ’iy (1J* Q-J)
R E P O R T .— For year ond. Doc. 31 1915, V. 102, p. 971.
Calendar
Net
Net
Depre- Conling'cy Dividends Balance,
Year—
Profits.
Income, ciation. Res., &c.
(7 % )
Deficit.
1915........ $2,991,465 $6,870,191 $790,305 $481,907 $6,209,972 $701,992
1914------ 2,791,050 6,846,568 821,113 924,114 6,299,972 1,198,631
Tota l surplus Doc. 31 1915, $16,328,802.
D IR E C T O R S .— Earl D . Babst (Pres.), W . B. Thomas (V.-P.)-, George
I I . Frazier (V .-P .), Albert H . W IggIn, Henry C . M o tt, J. H. Douglas,
Samuel Carr, Philip Stockton, Samuel M cRoberts, Edwin S. Marston,
Charles H . Allen and E. F. Atkins. Vice-Pres., Robt. M . Barker; Treas.,
W . Edward Foster; Sec., J. E. Freeman. N . Y . office, 117 YVall St.— (V .
102, p. 971, 1627, 1813; V. 103, p. 62. 1304, 1890; V. 104. p. 561.)
A M E R IC A N T E L E G R A P H & C A B L E .— Owns twocables between N ova
Scotia and England. Leased until 1932 to Western Union— which see.
A M E R IC A N TE LE PH O N E & T E L E G R A P H CO.— O R G A N IZ A T IO N .—
Owns a large Interest, generally a majority Interest. In the capital stock of
the leading local companies operating under the Hell patents throughout
the United States, V. 88, p. 1554: also owns the system of long-distance tcleobone lines by which they are united. Puntn patents, V 72. p. 677; V. 76.
p.33 2. 596; V. 77, p. 39; V . 92, p. 796, 1312. Th e major operating coran 'M -iv greatly reduced In number o f lata years by consolidation, have had
their shares largely exchanged for stock of Am . T . A T . Co. V. 97, p. 446.
The chief subsidiaries having bonds outstanding are separately described
in this section. Th ey are: Chicago Tol. Co., Cumberland T el. A Tel. C o.,
New York Tel. C o., Central D istrict Tel. C o.. Now England Tel. A T el.
C o., Michigan State Tel. C o., Southern Bell Tol. A T el. and Pacific T el. A
Tel. Co. Also soo Mountain States T . A T . Co. and Western Elec. Co.
Also owns most o f tho stock o f Western Eloctrlc C o., Iru;., New York,
manufacturers o f electric and telephone supplies. Soo caution o f that eo.
In Dee. 1913 an agreomont was inado with tho Government by which the
$29,657,200 Western Union Telegraph Oo. stock held was sold. V. 97, p.
1900; V. 98, p.61 2,928: V. 100, p. 1351. Wireless telephoning V. 101. p ,1093.
Proposed purchase o f Federal Tel. A Tol. system o f Buffalo, Ac., V. 103,
p. 1212. In Jan. 1917 tho control o f tho Central Union was hold by tho
Superior Court at Chicago to bo Illegal. V. 104, p. 364.
S T O C K .— Amount outstanding Dec. 31 1915, 8380,477,100. As to
convertible bonds o f 1906 and 1913, see below, and V. 101. p. 1630. V. 92,
p. 1702: V. 93. p. 47. 166. 231,798. 1192.
Each stockholder o f record Dec. 11 1916 was entitled to subscribe at par,
$100 a share, for 10% new stock [in all, say, $ 9,111,010 until Jan. 22 1917.
Subscriptions aro payablo to tho Treasurer in N . Y . or Boston In four In
stallments, less Interest there on at tho curront dividend rate (8 % ), making
tho net cash payments duo on subscriptions for each $100 sharo as follows:
On Feb. 1 1917, $25; M a y l 1917, $24 50; Aug. 1 1917. $24; N ov. I 1917.
$23 50. Tho stock will bo Issued as o f N o v. 1 1917. Increasing tho out
standing Issue to about $433,5:1,110. V. 103, p. 1982.
D IV ID E N D S .— July 1900 to July 1906, Inch, 7 )5 % per annum; Oct.
1906 to Jan. 1917. 8% (Q.-J-).
B O N D S .— Tho (closed) $80,000,000 5% 30-ycar Sinking Fund Collatora
Trust bonds of 1916 have a sinking fund o f 1% por annum and aro redeem
able at 105 and lnt. on any lnt. dato. See V. 103, p. 1982, 2081,2157, 2344.
Security for 5% 30-Year Sinking Fund Collateral Trust Bonds of 1910.
$10,900,000 stock o f Now England T el. A T el. Co. (V . 103, p. 498).
24.462.000 stock o f Now York T e l. Co. (V . 103, p. 1122; V. 102, p. 708).
12,208,700 stock o f Southern Boll Tel. A Tol. Co. (V . 102, p. 1986.)
23.377.000 stock o f Southwestern ’1'. A ’1 . Co. o f N . Y . (V . 104, p. 77).
’
13.600.000 pref. stock o f Pacific Tel. A Tol .Co. (V . 102, p. 1883).
Tho collateral trust mortgago o f 1899 is secured by collateral shown
below (compare V. 92, p. 397). On additional collateral further bonds may
be Issued to an amount not exceeding 75% of the estimated value of collat
eral: and the Issue at any time outstanding must not exceed the amount of
the company’s capital stock then paid up. V. 69, p. 1195, 1249; V. 70, p. 40;
V. 85. p. 1398: V. 80, p. 099, 1113; V. 92. p. 190. 397: V . 93. p. 347.
Nature o f Lien.— A direct obligation o f the company and securod by deoslt with trustee o f tho following stocks o f associated cos., par value $97.
66.750. (Estimated value, $118,328,052. Soe V. 97. p. 446). viz.:
Shares.
Par Value.
261.000 Chicago Telephone C o.. . . . ________________________ $26,100,000
49.695 Cincinnati A Suburban Boll Telephone O o_______
2,484.750
237,710 Mountain States Telephone A Telegraph O o_____
23.771,000
309,804 New York Telephone C o ___________________________ 39.980.400
33,190 Southern N ew England Telephone C o____________
3.319.000
15,116 Wisconsin Telephone O o___________________________
1,611.600
The convertible 4s of 1906 ($150,000,000 original Issue) are to be ratably
secured by any future mtge. or coll, trust Indenture. They are subject to
call since Mar l 1914 at 105 and convertible Into stock since M ar. 1 1909
and before M ar. 1 1918; and In the meantime up to 30 days prior to any date
o f redemption, with a cash adjustment o f Interest and dividends, respec
tively, provision being made to protect tho holders as to the convertible rate
In the event of tho Issue o f new stock. Th e conversion rate Is decreasing as
new stock Is issued to convert tho4)4 % convert, bonds o f 1933. Soe V. 82, p.
f
F e b ., 1917.]
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[F o r abbreviations, &c., see notes on first page]
Date
Bonds
American Tobacco Co— Common stock $100,000,000 auth
Preferred (a & d )% (see t e x t).......... .
"
Gold bonds vnot mortgage) $56.100.00'0mIth” .'d:£ov &r
Gold bonds (not m ortgage)................
_
n ic A r *
Consolidated Tobacco coll trust mtge gold
G‘xo*&r
American Type Founders— Common stock
............
Prelerred (a & d) stock 7% cum $3,000,000 red" 105
Deb gold $1,000,000 s f S20.000 y ’ly begln Sept 1900 "Bai
Deb gold $2,000,000 red 106 a Id *30,000 y ’ly i text)
Gl
1 Wt , M lec C o - In c.— Com stock $10.000.000
k
First pref (a & d) 7% cum stock red 110 $5.000,000..
6% participating pref stock red 105 $10.000.000..
Collateral trust bonds $20,000,000 auth call 102H — B a c *
W indow Glass Machine— Com stock 513.000,000-.
Preferred a & d stock 7% cumulative $7,000,000
A lo ^ fe ? „H V?.ole, T £ ornmon stock $20,000.000....................1
n
fd ° ck 7% cum (a & d) $40,000,000 auth..........
A yer Mills Con & Equip notes gu p & lred 102(V.100. p.644)
d°
do
do
guar p & i .............
. do
...
do
do
guar call at 102
American W riting Paper— Common stock_____________ ____
Preferred (a & d) stock 7% cumulative $12.500,000..........
H rst M s f g $17,000,000 call since July 1909 105 —OB.zc*
Par
Value
Amount
Outstanding
*100
100
50 Ac
50 &c
50 &o
100
100
100 &c
100 &c
100
100
100
100 &c
100
100
100
100
1.000
1,000
1,000
100
100
1.000
1904
1904
1901
1896
1909
1914
1910
1911
1910
1899
394,571, 699; V . 83, p.438; V . 84, p. 105. 160, 273.933. 1369 1489-V SR
p. 171, 1411; V. 87. p. 1013. 1481. 1535, 1606: V. 88. p. 45.3, 508 566 627*
V . 93. p. 47. 231. Outstanding Issue has been reduced from $150 Om nnr,
to $3.107.000 on Feb. 13 1917 by conversion Into stock. V 101 n IRan
Tho 20-year 4 # % bonds of 1913 are convertible (a) into stock at 190
since M a r .1 1915. to M ar. 1 1925. or (6) into an equal amount o f stock unon
payment o f $20 per share. Th ey are rodeomablo at Sept. 1 1925 a n d th E S
after at par. Amount out reduced by conversion from $67 000 nno t «
$13,795,800 on Feb. 13 1917. V. 96, p. 204, 364. 792; V. 100 n’ 644 1
i ln,J a n . l9 16.tO provide for $26,425,000 two-year 5% n o t e s V s u ^ l r a *
145
Rate
%
When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable
$40,242,400 See text
M a y 1 ’ 17 5%
Checks mailed
52,699.700
6
A pr 2 T7. 1)4 %
do
787.800
A & C Oct 1 1944
§*
Guaranty Trust Co, N Y
4 K F & I Aug 1 1951
do
do
i 1.365.300
4g
F & A Aug 1 1951
do
do
4.000. 000 4 in 1916 Q— J Jan 15 T7 , 1%
Checks mailed
2.360.600 7 In 1916 Q— J Jan 15 '17, 1#
do
654.400
6g
-M & N May 1 1926
Bankers Trust Co. N Y
990.601
6g
M & N May 11939
Guaranty Trust Co, N Y
7.000.
000
5.000. 000
10.000.000
17.840.000
A & O Apr T l9 3 4 "
s e
N Y London*& Paris"*
12,997.644
Pittsburgh. Pa
6,998,614
Q — J Feb 3 ’ 17 12%
do
do
20.000,000
Text
Jan 15 1917 l #
40.000.000 7 In 1916 Q— J 15 Jan 15’ 1 7 ,1 # %
Com pany’s office,"Boston
1.000.
000
5
M & S -Mch 1 1918
BrownBros&Co.NY.Bost
1.000,000
M ft S Mch 1917
do
do
1.000,000
M & S M a r 1 1919
do
do
9.500.000
12.500.000 See text A & O Apr 1 1913 1%
Checks m ailed""*..........
12.229.000
5g
J & J July 1 1919
N ew Y ork and Boston
83
=?
i*
of A ^ 1
NM
FOrV r
NDERS CO.— Incorporated in 1892 under laws
K s t ^ d . v ee6 V.‘ p5568P
2
2:
77n p18l9! 9 ^ e C/9,taD «
v a
'
5
t«
19 s s fff
D iY.IP EN.DSr-— ° “ common, A pril 1898 to Jan. 1917 incl
orii,dS
n i” ^
M
19° 3 ’ 3%
4<7 n an
A » r-
™
Ihn
Itlpnal when the old debentures are retired will be used to purchase
414% Notes o f American Telephone & Tolograph Co
000 4 'A % Northwestern Telephone Exchange Co. notes‘ endorsed 627^V % e natinRS ° Vn 1a 6 ° r?d 7 hcm by lot afc 106 and in t ! V.h88?
ph
/?n in
by Amer. Tel. & T el. Co. (V . 98, p. 1248).
a0rsed 0 0 0 i g a L f $ l Pi 15 000 in l915g '
1916notespayable aggregated $1,065.000 4 )4 % Southwestern Telegraph & Telephone Co. notes on
dorsed by Amer. T el. & T el. Co. ( V . 101, p 136)
’ t'n*
R E P O R T .— For year ending Aug. 31 1916 in V . 103. p. 1791
4 )4 % Notes either o f tho company itself or, at its option un to
1o m e
Common D iv. Preferred D iv
Bal Sur
, , Apr. 1 1916, notos o f sub. cos. endorsed by It.
’ P
................- .........(7%)*165.242
$35,872
The collateral trust bonds o f 1902, made by tho Western Telop. & Teles
Pres R " w * NeUbb''966°ri448
160,000 (7 % ) 165,242
25,206
C o., were assumed in Sept. 1912 and will, on application to trustee he
C it y — ( V ’ 99• P
endorsed with tho agreement to pay prin. and Int. V. 95, p. 1407
’ 08 1364; V . ? 6 l p l712“ V i o £ T i 79'u W AVGIn M a y 1916 Cleveland (O .) Telophono Co. sold $3,000,000 o f 5% 2-vear
not«5, dated M a y 10 1916, denom. $500 and $1,000. Prln. & int. (M & N )
In Cleveland. V. 102, p. 1813, 1438.
uvi.<x jn.)
$20,000,000
5.000.
- „„„ „„„
6.000.
„
20.000,000
R E P O R T .— For cal. years, V. 102. p. 1054,1074; 9 mos. end. Sent 30’ 1R
Vrar i q i i ° ’
9 mos. 1916.
1915---- Year---- 1914.
Gross oarnings----------- $37,675,262 $46,809,354 $46,196,599 $4K ono 00b
Surplus over In terest.. . 28,723,296 34,618,638 32 334 814 32 096 non
D iv id e n d s . ......... (6% )23,241,252(8)29100,591 (8)27572:675(8)27454 037
D IR E C T O R S .— Theo. N . Vail (Pres.), Geo. F . Baker A l « « n d
rano. Union N . Bethell, W. Murray Crane, Henry S Hown
Gochh a rd W illia m T.nw all PuCnnm Tnhn T
>?has. E. HubV . R . Thayer. Henry L. Higglnson, a, « wis uass heavarrl
t ."™ '
G . P . Gardner, Richard Olnoy and Philip Stockton. O t u w i f 8 ri A(} :XPL
T
Com pt.; Sec.. A . A . Marsters; Treas.; G00 D M ilne
o m £ U B?&
B ’way, N . Y ., and 125 Mt=k St., Boston.— (V . 103 p 1364 °iQ«oOSbr.19
Q,5
2157, 2344; V . 104, p. 166. 364.)
p. 1304, 1982, 2081,
V
A M E R IC A N TH R E A D CO.— Incorporated In N . J Mareh in iso c
(V . 67. p. 1158). Common stock, $6,000,000 ($4 50 per *5
1898
understood to be entirely owned by the English Sewing Cotton
n rif*
Ish tax decision. V. 94. p. 418; V. 96. p.489. V. 98, p. 1769 V 99 n 271
Com Divs.— PerS h . ’03. ’04. ’05. ’06. ’07’08. ’09. '10 ’ l l M2 M3 * a ’•m .in ’
m
Gents ...................... 14 56 28 49 63 45 18 6 7 # 45 27' 6 i ‘ 8 l ‘ 45 81
B O N DS.— See application to list In full, v . 70, p 179- oi<,n v tr „ non
In 1901 purchased control of Wool Exchange., owning buiMlng 7 i P wS®i
4
Broadway, subject to first mtge. of $250,000. V 73, g 289 3996°44ft
R E P O R T .— Report for year ending M arch 31 i o i r i „ v ’ m o
am
showed: Gross profits for year, $2,311,593; against $1 521 377°i2’
and $2,086,115 in 1913-14; bond In t., $240,000; demec* $517
(6 % ), $244,524; com. div. (18%. including6 % , $324
d iv i nn iri .Tniv s lo ifii «o7o nri6- m n in iJ S . __.7*uuy , bonus on common
(T H E ) A M E R IC A N T O B A C C O C O.— O R G A N IZ A T t o m
*
Oct. 19 1904 uudor N ew Jersey laws. V. 79. p. 1024 1701? v an I?8? ! ! 1
On May 29 1911 the U. S. Supreme Court held the oom nin v
P ‘ l ? 8.
In violation of the Anti-Trust law (V . 92, p. 1501) ° ^ n an L a combination
disintegration plan, there was sold to the new Liggett a
VndSr
lard Tobacco companies property having a total book v lh fe of $116 000L ?50
and there was distributed to common shareholder*
01 *110,000,150,
ties of a book value of $34,627,249. The list of^nronertie* ®u ,pl1 s 6ecdr|X ’i ,
the aforosaid sale was given In V . 94. p. 280.
Properties remaining after
S T O C K .— The prof, stock all ranks now a* r w
... „ ..
voting rights. V . 102, p. 523.
co m b a tive w ith fu ll
Still owns a m ajority of the stock of the A m orW n
,T
P. 1113; V. 72. p. 531, 1037; V. 78, p. 1394. Amorlcan Cigar Co. V . 73.
W o M ’ G u a r a ^ 1 01^ 1 aV ? ^ J ^ ^ i e B o f the A m ^ W a t S
5
^
^
,
S v e l y 49U ro ? t r o
%
^
Pu ,c ut,,,ty Properties) .a S d pros^
b.
ofthebSn d^d’debt
^ 101 p 372 769
° “ propertles a fter tbe Payment
1
^
v . w i , IJ. OiZ , /Oo
1--- v h m v u W W U M U U O U . (.ii; >v
^ ^ r-w
cities and towns In the U. S. [see United W ater . o r ^ P ^ l y ^
frio
iR?7IS iRfV3E ?i7mT £ ? NJ ~ The plan of Oot- 1911 (sec V. 93 p H 22 1325*
1670) divided up the business of the company Pand it J niih'.a
J L S mr'at0 and Independent companies, no one of them having
,V
hr i
dominance In the trade as to any of the products m anufacture!
individual defendants for 3 years from buvlne I t o ^
SSI W
« r e ^ t f<J
rbade th?
S
?
?A?
Interurban railway and a larse hvdro-eleo-
s h a r a ^ t ^ i m ^ S n ^ ^ S 5 i i 7 i Th e 6 % Participating pref. stock is entitled to
or both
Full v^Ung pow er 407 dlvldends 0V8r « % declared In any year
beenissued°Jnn^qrfm m ^7R7°nnn00P a rb o rize d Issue). $17,840,000 had
nS
JlJne
1916 ($767,000 o f which were in the treasury) *8 1fl7 A i»h .
.9?
Isaued In exchango for bonds and notes o f the United W ater
for par’ a“ d *2.463.200 loaned to subsld cos. m b ila tera l
^°rr»Kir
under the plan o f reorganization. V. 100 d 45S 196^
p a ^ ^ W ^ O O - O M (u n tu r n e d ) aiUate^al trust Sote.s_of p r V e c ^ o r comA
Ead^)utstandlngP52SL458.500 bond^'ar^ Wat6r C° mpanles on Juq8 30 1918
„ Y ^ ? n R ^ ° 3 r0 ^ ar 19m
dT
lD V i ? 3i9P
Y
1512° 9:
»
W i,
Gross earns, sub. c o s ... $4,118,045 $4,173,25‘6 $ l!l4 4 4 0 0 3 $1
N e t earns, (after taxes). 2,575,465
2,617 3231
’
$1,022,366
Co. spropor. (excl.Trac.)
653,156
646.013)
400 153
397 rrr
Inc. from bds..& c., own.
713.655
348,463)
’ ^
327.665
T otal income------------- $1,366,811
$994,475
Deduct exp. and taxes..
67.720
48,3531
In t. on bds., notes, & c._
789,958
467.484/
____________________
« t »
h u b
$400,153
l
$327,665
199,804
195,975
f
»
l i a s
V hi o J T 7 5 . 2590e‘ 50 Br0ad
n
D I V I D E N D S .- O n common stock since ’ ’disintegration’ ’ o f 1911 to 1912.
Regular, cash ...............(% ) 7 Yi
20
20 (text) 1020 (B ^ O ^ M 1? 17*
In 1914 paid, M ar. June and Dec., 5% in cash; Sept 1914
\ot
scrip, paid o ff Sept. 1 1915. Also Sept. 1912 $20 p w V a r e from salo°of
certain securities under the disintegration plan, and 2°986% In Amer M a f
chine & Foundry Co. stock, and in March 1913 a similar cistf dfstrlbutlo^nf
$15 per share. V 95. p. 362, 620; V. 96, p. 421. On Aprii 20 1914 a ls
tribution was made in restricted B deferred ordinary sharas o f ImnorKl"
Tob. Co. equaling about 215-240. or about 9-10 o f a £1 share. V?98 d 841
1
W IN D O W G L A S S M A C H IN E CO .— O R G A N IZ A T IO N
707•
fn fe d - 1917 owned $12,997,288 o f the $13,000,000 com
V. 7l:pW7^7?867Tr77C.0 .a 2i21T f 9 f p ! 1
p 2n ;
V p l 'J w T “
stock o f
TOyalty-
to
7 % ?A^U
and In Feb. 1917, 12%, thus leaving about 2 9 & % accumulated. *
R E P O R T .— Y ear ended A pril 30 1916 (V . 102 n 108Q) siinwoH n0<
earnings^$2,106.534. Earnings o f Am . Window bfass Co. 1915-16, D
V?
(V Prt n i ' ^ • iK .M c M u llln ; Sec. & Treas., A . E. Braun, Pittsburgh, P a .—
(V . 101, p. 1715, V. 102, p. 1980; V. 103, p. 62, 1595; V . 104, p. 364.)
A ^ R ' G A N W O O L E N CO . (O F M A S S .)— O R G A N IZ A T IO N .— Incorp<?rat®d in Mass. Feb. 15 1916 as a reincorporation o f the N . J comnanv
ZTiVV'm s;\
me namo a?d capitalization.
In 1899 merged the W asfingNational Providence Mills, Providencerit-T.
&c.. see V. 68, p. 472; see also p. 716; V. 69, p. 77; V. 73 d
- V
Lstorproperties. V. 103, p. 5S0 V. 78, p. 1118: ^ 90 d 622*’
347? V 2 , ¥542.
P ‘ 1316; V ‘ l0 U D- 529’ 1554? 1715fV: 10 2/ £ 253:
446
71
a n fe W a
sets o f cards- 9-957 looms, 443 combs
252,656’ w o o lM )^
(285'312 English worsted, 185.840 French worsted and
R E P O R T .— Report for year ending Dec. 31 1915. In V . 102, p. 970
Ct e a r Sales.
In ^ te .
1 „ K ,
Corn ^
19 16 ..
.$84,710,280 $11,434,019 $199,438 $3,162 770 $8 048 486 393 ?3i
1914..
. 69.339,084 11.830.931 201.740 3;i67.243 810481480 419 462
m
D IR E C T O R S .— Percival S. Hill (Pros.). Charles A Penn w
it
O ’Brion and G. W . H ill (V .-I’s.), T . B . Y uille, o a Penn n l ’n i ^ h i i V
J- T . VVilcox (S ec.), A llle L . Sylvester, J. C. Knglehard o S lt o r a i l r vv' OnDiim rm £ N S ^ ’T ° . n ^ 8f-’ JuIy J.?99 to Jan- 1917. both inch, 7% per an.
i
On comnion. N o. 1 . 1 # % , was paid Apr. 15 1916; N o. 2. 1 # % , July 1916.
Weed, T . J. W alker and James O. Brady, J. H . M ahler ’ O f f i c i i 11 Pirm
u..
A vo., N . Y . — (V . 101. p. 610. 2073; V. 102, p. 623, 970.)
’ 111 F,fth Oct. 1916, i # % ; 1917, Jan. 1 # % . U. S. A rm y orders. V . 102, p. 802,
888; V . 103. p. 62.
W o S a “ s S i » nr 0 - A ' “ r‘ C“
<
3“ “ "
Ooorg'i
w“
h
S S »°^
K r i T f e i ’A
S? A
Ff^“? SIT#
.-
f S *
v- 8 ’ »■ “5& v.«
4
[V o l . 104.
INDUSTRIAL STOCKS AND BONDS
I4<>
Date
Bonds
M IS C E L L A N E O US C O M P A N IE S
[F or abbreviations, & c., see notes on first page]
A n acon d a C opp er M in in g Co— Stk $150.000.0UO autn- - - -
1915
1911
1913
1913
Collateral trust notes S3,000,000---------------------- -----------Second mortgage $3,000,000--------------------------------------A ,R « S l F
ee* t e V t SMC
S50.006;066jf'okf red"102 H " " i o " 'i ' r " *
A ssociated 9 ryi G® > dn n n orp ora tjon .-................I H I I I I I I I
9n
C o m m ^ stock $20,C jU,uuu
H
“A * ■v j o i 7* ®o o non non
1st prof (a & d) stock 6% cum after Dec 1 1917 |2 0.000.009
9d nrof fa & d ) stock 7% cum after Dec 1 1917 siu.uuu.uuu
A ssociated M erchants— See Associated D ry Goods Corp.
1909
$25 $4,828,000
25 2.414.000
50 110,562.500
1,000 16,000.000
£1 £2,000,000
1,000 5.450.000
100 &c 2.500.000
1,000 Pledged
1,000.000
100
1,000 &c 50,000,000
When
Payable
Rate
%
Amount
Outstanding
par
Value
See text
24 %
14%in 16
5g
See text
5g
7g
6g
Seo text
4 Vi g
Last Dividend
and Maturity
.............. Feb 1 1917 4%
Q— F
Fob 1 1917 6%
Q— F 28 Feb 26 1017 4%
M & S M ar 1 1917
See text Jan 15 ’ 17, 10%
J
A D June 1 1941
M & S Sept 1 1918
M & S Sept 1933
Jan
Jan 15 ’ 17 2%
J & D June 1 1939
%i i ! i i §
Final surplus............. * 9 .3 0 5 .1 2 1
$8 ,0 2 4 , 4 3 6
m n i r m 'A K q __W m
Tota l disbu rsem ents....
. , — $69,706,789 S45.178,732 *49.975.629
Tota l net income (incl. in terest)...$17,680,040 *9,198,419
(Pres.). Frederick A yer, Wheaton
a m
c d if*a n
w i ?ITIN(1
W ood
G uar"frCol N Y."Lon, &o
Is tN a t B k .N Y & Chlc.cc
N Y B a & W P B o n b & C o Ln
Bankers Trust Co. N Y
Farmers L & T r C o, N Y
do
do
ill ill
KrK'rv.™:::::::
M
National" City Dank, N Y
100 14,985.000
100 13,818,700
100 6,725,500
E A R N IN G S .— Report for year 1915'. In V . 102. p. OjlO.^M. el10" ^
s
“
Places Where Interest and
Dividends are Payable
$8 ,0 3 5 , 8 3 4 $ 1 2 ,0 1 5 ,6 2 4
r a S d V :::::::::::::::::::::::
Rate o f dividends...............................
M
M
(8 % )________ <#%)
u * /o'
.
Balance for year......................... sur.$7.370.806 df.$287.912d f$ l,674.001
^ D I R E C T O R S .-J o h n D . K ya n ^ Prest. ) . B . B ^Thaym: a n d C .
PAPER CO.— O R GANIZATION.— Incorpor
A IM I O-A M ERIC AN O IL CO.— O R G A N IZ A T IO N , &o.— Incorporated
G
^ U L D - i I n 1888
Marketed most of tho oil of the Standard Oil Co. of
“ U
W
^
“ » K
' ^
N
r
a
e
Y
C M ia ,
! 6
l-of.-p“
«
856.*
I
o »«li
~
.
f
ISIS:::::::::::::* | : g 5 j g «?:?»§
|
*
o'o K s B i t i j t l i X S 'A %
jgffilfo
19Chalfman’,‘W . 'N . Caldwell; Pres., Arthur 6 . Hastings; Treas., Edward
II. Hall; Sec., Edwin S. Smith, Holyoke, Mass.
U P W D IR E C T O R S .— Elected in Feb. 1 9 1 7 (V . 1 0 4 , p. 6 6 1 ). Rpn^Y
W
C . Loree, Frederick B . Van Vorst.(V.
104,
p.
36-38rQueen Anne’s G ate. London, 8 - ^ - .E n g la n d . ( V - 97. p .
1205. 1585; V . 98, p. 75,1922; V . 99. p. 1834.1912; V . 100, P- 2087.
5 O ffic e
5 6 1 .)
S S ’J f f i T K i i S i * J o ~ S u M company for certain aobaldlarle. (.oe V.
1 0 2 , p. 7 3 ) in Missouri, Tennessoo. Wisconsin. Kansas and Illinois.
s t o c k __On Juno 1 5 1 9 1 6 thoro wero issued 1 0 0 , 0 0 0 shares of pref
8^^^n^t^^auth^f^iWO.boO^’ k i s u e ^ flic*, authorized!
n M
L
“
to S
0' ™ ' 1 9 2 T r 1 925kli H % !ld1920 W s o T ^
n
1036
l2to 1940 * 2 ^ % ? 19n Sept?’1913 sold $2,500,000 5-year collateral trust
hf limited To $7,5b§;0003°b lv s. on common stock have been paid as fol ows;
1
«r-
a-
»• *2-si3- i4 v S k f f i
o
l o S K f g F e b . -PKSMSiS B
5
&
. \
Isloob.OOo'lMuFof 2d<
nUge?2^-year 6% bondsP am?$550,000 l s f M . bonds
o f 1911. V . 97, p. 667, 804.
1915.
1914.
s S
S
S1 I
1 9 AG
prfin2 9 o w
w
ic w
-°
r s
2 .7 7 2 . 5 8 2
___ H
^
- ’ lisISo
T h f g m l f f^ " t h e yoar ondIng' Aug. 31 1916 was *742.010. and the net
$399 383. agst. $580465 and $#68.6?l . r ^ e c t l v d y tor year 1914-15.
1 0m
7 a OTZA T IO N -
“ o ™ r9 2 i » lUlnote April 14
.'4
---------------- -Not reported-------------- fl Kimball. Pres.; L . A. Coolidge, P. E. Coyle, C. W_
7 .0 2 5
C O PPFR M I N I N G C O . — O R G A N IZ A T IO N rated A CMontaiiaCHine H U 8 9 5 and was for many
n
a iu a c o n d a
Incorpo
ro?noU
ra?edinyN ° J tlin l ^ ^ O n J u n ^ T l S the i t o &
W
Im g lKamatodeCopper Co voted toIdtesolvethat corporation (V 1 0 0 p- 1 5 9 4 .
?7?6 ^turning over certain r e m
a i n
i n
g 5 6 2 5 0 0 to
uting its holdings of Anaconda stock ($8 3 ,1 9 8 ,4 2 5 out or SUb.oW.oiiu.
four ?arge t in n e d ^ in w i % n Penna the B ig Run. the Gleasontown. tho
D riftwood and tho M edlx Run. V . 104, p. 7o.
..S^?s3a?^OS! ftlWiiSSSSW^S^SS^
raw?
10^O Jrt^sI—(^ ^ o '^ I^ e a rE s t^ o 'T s t^ M O t^ / '^ ^ 's ^ 6 0 Jh)0^000 authorized
V . 88.ep?’l374^V. 104.S
pn^65? Dills S iyablo Oct. 28 1916, $27,865,600.
R E P O R T . - F o r year ending Oct. 281916JV . 1 W ^ _ 2 5 3 ) s h o w ^ g
p
707.
Largo copper contract In Sopt. 1 9 1 6 . V. 1 0 3 , p. l~ l~ .
Among the properties taken over were In 1914 the plants o f th ^ In te r“ aS
' smoiung & Refining Co. (V . ^ 8 .
U te °d
foetus Selling Co ; 1 5 0 .0 0 0 shares of ^ ^ o n ^ O M o U d a ^ Chopper Co .
3 0 , 8 0 0 shares of the Greene-Cananea Copper Co., &c.
V. luz, p. i ^uj
Ore reserves, & c.t V. 1 0 3 , p. 3 2 2 .
_ .«
» .
In Feb. 1 9 1 6 had arranged to own about 75% of the stock ofth e Andra
Connor Co incoro. in Delaware on Jan. 20 with SoU.UOO.OUU scock iu
V0 ?1shares'’ to control Andes Copper Mining Co. and the Potrerillos
1
Raiiwiv Co
Tho Mining Co. proposes to develop low-grade steam-shovel
i
T to S F s E F
“
t h e reduction works and mines.
V . 102, p. 707, 521, 1 8 0 J.
D IV S .% 1 ’ 0 2 to ’0 4 . ' 0 5 . ' 0 6 . '0 7 '0 8 t o 'l l . ' 1 2 . ’ 1 3 . ' 1 4 . 1 5 . 1 6 . 1 9 1 7
Since 1 9 0 1 / 4 yearly
8 1 9 ) 4 2 6 8yearly
9
12
10
6 14 4 , ,
N O T E S — In Fob. 1 9 1 5 sold $1 6 ,0 0 0 , 0 0 0 5% 2-year notes dated M ar. J
1 9 1 5 to acqulro from the Amalgamated Copper Co. the stock of tho United
Metals SelfS i r C o ., (the United Metals Selling Co. of Delaware, withi SS.-
of
property)tCalso^^OOO^OOO^Iifsi^hatl'on^b^soL^C^oppw^Co. and $6 1 6 ,0 0 0
f t rhT. w °v. imTi“ “
loV
P R O D U C T IO N .— Refined copper for tho month of Jan. 1 9 1 7 amounted
2 8 ,2 5 0 ,0 0 0 lbs., against 2 3 ,2 0 0 ,0 0 0 lbs. for Jan. 1 9 1 6 .
R E P O R T .— For cat. year 1 9 1 5 (of former Amalgamated Copper Co.,
v inn t 1 7 4 M with balance sheet, was in V. 102. p. 1800.
o
.
V Fo°r°calendar year 1 9 1 6 , output was about 33<j.!)00.000 lbs. (against
2 5 4 .8 0 0 , 0 0 0
In 1 9 1 5 ).
to
GrossbuslnMs < ovcr)-6 2 5 .o | o.0 0 0 425.l|o.OOO 875.^0.000 350.^0.000
D ld ? M d s VldA F i3
-"-"-"-V-"(222,000,000(1O^OOO :000(10)2000,000(10)2000.000
A s to chango In dividend rates, seo text preceding.
r .
__ Pres and Gen. M p?., J» O^don Armour, V .*l •» ^•T
>
.
409. 1414, 2081; V. 104, p. 75, 166, 253.)
A c c n c iA T F D D R Y G O O D S C O R P ,— O R G A N IZ A T IO N .
Incor-
riog
p.
good^stO Tes^ioU y o'wn^f. j ^ t h ne^'tan^Ible^aMO^vaJui^^S^pC
N 6Y ^ 7 ah neC Coaf'N o w a rk ^ rf-J ^ S to w a rt & C o ., Baltimore; W m . HenH092 &
go'rer’6o.'. Buffalo; Powers M ercantile C o.. 1 in n ea p o lis ;^ N .oA d ^ & C o..
M
Buffalo; Stewart D ry Goods Co., DouisvlBo, K y . ( ) N Y SI 700,000
owning equity In McCrocry real ostato, Wost
y|j.;
F
W
l o f e
4QQ
2tfpref. a n d % ® »
com-'
Lord & Baylor, $743,400 . Lous' ’ » 2Q{) 000 common stock; Suroty Coupon
S r.
n o w . 3807.103 p » . A c.
boon Issued th= lollon 1n|
C A P IT A L IA A 11UXN.- in m<u. iJ i'
0,0 0,0 7()q. 2d prof, stock
Koouritlos' 1st pref. stock (auth. $20.000.uuuj, 5i.},nio,/uo, * t
s e r i i m i i n . i i nnni
7 2 r 6 0 0 - and common stock (auth. 530,000,000;,
>
Feij ., 1917.1
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[F or abbreviations, A c.. see notes on first page]
Date
Bonds
A ssocia ted O il C o— S to ck ________
First m tge gold annual sinking fund 5% o f bonds'out
First & Kef mige *25.(100.HOP call at oar
"*tTs
A t ! O & W I SS— Com stk S20.000.000 listed on N Y Stic Ex'
Proforred (a & d) stock S20.000.000 5% non-cum
" "Fa’ xx
Collateral Trust M g red text____
A tla n tic R e fin in g C o— Stock *5.000,6661111
’
A tla s Pow d er C o— Common stock auth $10,000,565'”
Preferred stock (a & d) 6%'cum, $10,000.000... _
Autosales Gum & Chocolate C o—Stock SO,000.000..........
First mtge $3,bOO,000 sink fund call 107 H (see text)___G z
B abcock & W ilcox C o.— Stock authorized 315,000,000____
Ualdwm 1 ocoinotive W orks— Common stock 520,000,000...
Pref (a & d) stock 7% cum 520,000.000 red 125,beg July’ 18
F list mtge *15,000,000 gold redeem text ..P e P .lc v c '& r *
Standard Steel Works 1st M gold sink fund. . PeP.kc’ &r
Barney A Smith Car— Common stock S2.000.000.......... .. .
Preferred (not as to assets) 8% cum 52,500.000................
F £ st~m?rtSa,?e 52,000,000 gold redeemable at H O -.-G .c
6% Gold Notes $000.000....................................................
B a rrett C om pany (o f N J )— Common stock S15,000,000..
Pref (a&d) 7% cum, *5.000.000 red after 3 years at 1 2 0 ..
Barrett C o (o f W Va) (controlled) deben call 110 in 1919-
Bell Telephone Co of Canada— Stock auth 530,000,000______
Debentures (auth 75% of paid-up capital stock)______ zc*
Rate
%
When
Payable
Last Dividend
and Maturity
In ’ 16 —
5 ’ 17 1)4
5
F & A Aug 1 1922
5g
J-J 15 Ian 15 19X0
Feb 1 1917 5%
5
5_ r
g
& J •fan 1 1959
textSoe text Dec 5 T 6 , 5%
M Dec 11 ’ 16. 10%
6
Q— F Feb 1 ’ 17 ly 2%
See text. See text. Feb 1 1912, 1%
6 g
J & J May 10 1931
7 in 1916 Q — J Jan 2 T7 1J*%
See text •
J & J Jan 1 1915. 1%
7
J & J Jan 11917.3 H
5 g
M & N May 1 1940
5 g J & J Jan 1 1928
See text Q —M Deo 16 ’07 1%
See text Q— M Dec 1 1911 2%
5 g J & J July 1 1930
6
J & D Dec 15 1918
See text Q— J See text
7
O— J Jan 15 ’ 17. 1%
5g
A & O Apr 1939
8 In 1916 Q— J 15 Jan 15 1917 2%
5 g
A & O Apr 1 1925
1902
1910
1908
1911
1910
1908
1900
1915
1899
1895
147
Places Where Interest and
Dividends are Payable
Checks mailed
Mew Vork and San Fran
N ew Y ork
do
Equitable Trust Co. N Y
Co office, Phila, Pa
Jan ’ 16 coup not paid
N ew Y ork
Checks mailed
do
do
Phila. & Brown Bros. N Y
Penn Co for Ins,&c. Phila
Checks mailed
do
Guaranty Trust Co, N Y
First N a t Bank, Cine
17 B attery Place, N Y
do
do
Phila Land T1 & Trust
Montreal
Bk o f M o n t, M on t & Lon
x Sco text.
D ry Goods Companios not deposited under the plan and agreement o f re
organization o f Dec. 28 1915, tho following amounts, viz.: $139 013 1st nrnf
stock, $105,640 2d prof, stock and $40,200 common stock. Th e liabilities
8
Sept. 20 1916 aggregated only $952,383, v iz.: Notes payable, $350,000; duo
payabh ----------to subsidiaries, *602,383.
B A L A N C E S H E E T , &c.— For balance shoot o f Sopt 20 1016
V. 103, p. 1208, 1212, 1412.
P
800
Based on the reports o f certified public accountants who oxamined the
books for tho fiv e years 1911, to_ 1915, the Reorganization Com m ittee
oper reserves
lablo to divi1916, the R eorga^zatlon'C om m ittee expressed tho beHef^hat^he^oarl?^
statement as to tho earnings o f tho now company would bo more than
Justified In tho future. Tho total dividend requirements for tho issued nrnP
stocks o f tho now company w ill bo about $1,300,000 (V . 102, p. 2078.) 01’
O F F IC E R S .— Samuel W . Royburn, Pres.; Louis Stowart, Chairman o f
the board o f directors; Louis Stowart Jr. and Ralph M . Stauffen Vice
Presidents; and Theron S. Atw ater, Soc. & Troas. Tho directors inrhVrtn
tho foregoing officers and also Cornelius N . Bliss Jr., Gatos W MeGarrah
Thomas Cochran, W illiam M . Barrott, John A . Stowart. George P S
and Howland Davis. N .Y . offico, 5 W . 34th St.— (V . 103, p . 1304 1595 )
ASSOCIATED O IL CO.— O R G A N IZ A T IO N .— Incorp. in Cal Ort 5
1901 and In April 1910 held California oil properties aggregating 20 £«7
acres, o f which 13,933 in foe and 6,652 under lease. Also stockholdings
notably 53,500,000 of the 57.000.000 stock of Associated PI m Line *9 *
500.500 of the Amalgamated Oil Co’s 55.000.000. See V. 90 p 1484 *
In 1908-09 the Southern P a d flc Co. acquired control and on liinn xn i o i «
owned $20,069,000 stock and $9,628,000 o f tho $10,460,000 1st R e f 5s °
D IV S .— 1905. 1906. 1907. 1908 to 1912. 1913-14 1915 lo in
1017
P e r c e n t..
3
lh % 1H %
None.
3 yrly. Below
11/
In 1915, April. I X %; Oct., 2% and 1% special from accum. cirninra ~
B O N D S .— O f tho $25,000,000 first Refunding bonds suffleinntserved to rotlro tho 1st M . 5s o f Aug. 1 1922. V. 75 n ’ i 140 C v* ?no ro*
1538; V. 101, p. 1888. As part security, the following stock w-iJ n W & J l■
Associated Transportation C o., $4,222,400; Associated S u m d v ^ r n * i07d '
500; Associated Pipe Lino Co., $3,498,000: Bakersfield Iron W orks’ i ‘120’ '
1916. Compar° V ’ 88’ p ’ H 3 2 ’ s,nkln* fund Paym SrtT*873.286 in Dec?
R E P O R T .— For cal. year 1916, V. 104, p. 561; V. 102 n 1r.qo. 1Q, R
Incomo, including divs.
1916.
1915
1014 1 1
ia ig
o f affiliated cos-------- N o t stated. $15,818,671 $15 544 675 $17 X7i 60$
Surplus for year............ $3,201,502 $1,918 004 $1 264 753 *1 829412
Dividends................. (4% )1 ,590,287(4^)1789095 (3) 1,200,000 (3)1 200 000
O F F IC E R S .— Pres., W illiam Sproule; Troas., W . A Sloan- See p ’ r
William s. Offico, Sharon Bldg., San Fran.— (V . 104 p 455’ 5 6 l") 1 '
A T L A N T IC G U LF & W EST IN D IE S S TE A M SH IP 1 IN FS — Tn.nrn in
Maine N ov. 25 1908 as successor of the Consolidated SS Lines ( V 87°£r 287
1013, 1090) and owns nearly all the stock of the Clyde Mallorv N P-Y 8 *
Cuba M ail SS. C o..and all o f the stock o f the N . Y & Porto IFI’e o gq r-n
and a controlling interest in stock o f Mexican Navigation Co
V in xn
90. p. 1166; V. 88. p. 160; V . 93, p. 409; H 9 ? ? . i530f V03lbE;
S T O C K .— Both tho company’s stocks wore listed on N Y stnek p v
chango in July 1916. See official statement to the Exchange as o f r1 no 91"
1
describing“ tho properties, stock n 167 Sic., and e iiu ig earnings anu oalanco
giving earningsand hahfn™
sheet. In Chreniein" v mx rights. m in i
— V.J l02^'p^ 977. 1001Pr° I n S
OcL 1916 a dividend o V l Y i - f w ^ p a U 1 fn -
V.A in
03?pla i982ldend ° f 5% ^
P,dd F eb‘ 1 1917 on th0 common stock.
BONDS.— The auth. Issue of collateral trust 5% gold bonds is sir, non
000. The 52.000.000 unissued can only be put out on vote of 60?‘>-3 (7 o f
pref. stock
Redeemable at 105 and lnt. on any date by ?ot
N o fore^los.
ure proceedings can be brought for default 1,/ lnt! for less than 2 ycl?s
00, P- 160. Brunswick SS. Co. 1st 5s in Juno 1916 had all boon naid o ff
V . 102, p. 2168. A ll coupons freo o f Federal Incomo tax
P
’
Bonds o f Subsidiary Companies (Comparo V . 102, p. 1431)__
lnt.
Outstanding. Maturity
b TJlyde r-..,. Terminal— - ............ ............*505,000 Oct. 1 1034 (V 01 n 1R871
p V SS , ------- Co. 1st M ..5 A A O
1isl li '- g I
“S
J 2,939.000
c Mallory B3. Co. l 3t M .............. 5 J A
Jan. 1 1932 (V. 83, p 191)
1
!^ ° £ t0 ? lco Nav - 1st M . .5 M& S 128,000 Mar. 1921
C
C°- l8t M ..................5 F & A 3,533,000 Fob X 1931 (V. 82, p. 807)
a Callable at par. b Callablo at 105. c Callable at 110.
f l AS
G S- ^ f U ^
r
cT P ? £ % , * 0r 11 ^ - e n d i n g Nov.. 30:
j 9} 9 ....................*30,079,496
* 2 ’5o a 7q2
SI .818,504
$7,853,56;.
1915.........- T __iin, 18,397.782
R E P O R ......... . i
—
4,494,794
1,815.732
2,679,062
RL1 OR 1. I or cal. y r . 1915, with bal. sheot, V .l02,p.l431; V.103.P.63:
■
.1915.
1914.
1913.
1912.
come
........ S20.121.708 $17,145,454 $19,407,140 $18,026,357
Other
8 1&
2 ?SE «
Gross incomo.............. $5,023,912
Bond Interest__________
784 209
Rentals and mlscol_____
$974 705
Depreciation___________
225,585
D ivid end s.................
1,880,000
$2,854,330
887,417
$819,249
204,316
1,200,000
«
*3,341,804
911,250
*689,155
198,666
920,000
$2,565,270
940,700
$662,956
760,000
Balance.......... - - - - - Sl^ s i *159>412def.$256,652sur.$622,733sur.$201,614
O F F IC E R S .— Pros., Galon L . Stone- Sec & Troas
A
R
t j w .i
i ?
B ’way. N . Y . - ( V . 103. p. 63. 139, 146? 157 760 1982 Y
’ 11
A T L A N T I C M U T U A L IN S U R A N C E C O .— See V . ’l02 p 439
, A T L A N T IC R E F IN IN G CO.— O R G A N IZ A T IO N
* 0 — Tno.irnnrat.vl
In Pennsylvania in 1870. Has roll nl rig plants at 1 i 1 a(!<1 h1 °
M 1 ■ n ?.°
r?Jn n
and Pittsburgh. Pa., and manufactures extensively l X W n i sells oil extensively In several Eastern States?* Formerly &
oon tron eri^ v
Standard Oil Co. of N.J., but segregated in 1911. Stock ^ 5 010 nnn-^ar
n
riy
Dividends Dec. 1914 to Dec. 1916. 5% q u a r ’ 3 j'000-000- I,ar- *100.
R E P O R T for calendar year 1916. in V. 101. p. 665. showed:
Calendar
Total
Apprec. o f Dividends
Balance,
Total
^oYaar~
Inventory. (20% )
Surplus.
Surplus.
} 9 1 9 ............$9,371,258 $256,998 $1,000,000 $8,628,256 $33,976,191
19, iVrC,77,7-,re5 ’381’902 210,523
1
1,000.000
4,592,425
25,347,934
O F F IC E R S .— Pres., J. W . Van Dyke; V.-Ps., W . P. Cutler, W . M . Irish;
See., W . D . Anderson: Treas., H . S. Mustin. Office. 3144Passayunk
A vo ., Phila., Pa .— (V . 100, p. 558. 814; V . 102, p. 610; V . 104, p. 665.)
io ^ X k AS PO W D E R C O .— O R G A N IZ A T IO N .— Incorp. in Delaware Oct.
18 1912 and took over as o f Jan. 1 1913. per plan o f disintegration part of
du Pon t de Nemours Powder Co. (V . 94. p. 1386,
16-9, 1698; V . 95, p. 969; V . 97, p. 446. During 1915 purcliased the entire
outstanding capital stock o f tho Giant Powder C o.. Consol., o f Cal., and
ln Feb. 1916 the entiro assets and business o f F ort P itt Powder C o. o f Pa.
S T O C K .— One-half o f tho common stock received by the 27 defendants
In the du Pont Co. dissolution is without voting power. The stockholders
on April 24 1915 authorized an Issue o f $5,500,000 6% cum. pref. 6tock
(p. & d .), red. on any Aug. 1 beginning 1925, at 110 and dlv. (for further
.
.se0„ * • 100* P- 1-595). Tho authorized cap. stock was increased in
A pril 1916 from $10,500,000 to $20,000,000, $10,000,000 to bo common
and the remainder preferred. Shareholders o f record wero then permitted
to subscribe at par, on basis stated in V. 102, p. 1627. 1899. for $1,439,600
b% cum. prof, and $883,740 common stock, making tho total amount out
standing $7,198,000 pref. and $5,002,440 common, when subscriptions shall
have been paid in full on or beforo A pril 11 1917. Bonds all paid in 1915.
D IV ID E N D S .—
(1913. 1914.
1915.
1916.
On common Q -M ....................| I X
6
1M -1M -1K -1 H
2 .2 , 2 ,2
do
e x t r a ......................_ ( __
___- X-1J4-3K
3, 3. 3. 8
. ^J?X9i P ’ March 10, Juno 15 and Sopt. 10 paid on common shares a regu
lar 2% div. and 3% extra; Dec. 111916,2% and 8% extra. V . 103,p. 2081.
R E P O R T .— For cal. year 1916. V . 104, p. 657 (inch sub. cos.):
V?‘ Gross
* N et
Preferred
Common
Balance,
,F
r Sales.
Income.
Dividends.
Dividends.
Surplus.
1916..$20,652,916 $2,939,790 (6%)$388,706 (2 5 % )$ 1 ,164.180 $1,386,904
* A fter adding $104,777 not credits to incomo in 1916.
Dividends as abovo include interest on temporary receipts.— (V . 103. d .
581, 2081; V . 104. p. 657.)
v
o ^A U T O SA LE S OUM & C H O C O L A T E C O .— See plan, &c.. V . 102, p.
B A B C O C K & W IL C O X C O .— O R G A N I Z A T I O N — Incorp. in N . J.
in 1881 and manufactures water tube boilers, heaters, &c. Stock auth.
aJ*d issued, $15,000,000 (par $100). N o bonds; no mortgages. Dividends
or 7% per annum have been paid Q.-J. for 20 years. Plants at Bayonne.
N . J.. and Barberton, Ohio.
O F F IC E R S .— Pres., E. H . Wolls; V .-P ., W . D . Hoxie; Sec., J. E
Eustis; Treas., J. G. Ward. N . Y . office, 85 Liberty St.— (V.103,p. 259.)
T (T H E ) B A L D W IN L O C O M O T IV E W O R K S .— O R G A N IZ A T IO N .—
Incorporated In Pennsylvania Juno 1911 as a consolidation. Works in
Philadelphia: foundrels, shops, &c., at Eddystone, Pa., and Burnham, near
Lewlstown, Pa. Capacity 2,650 locomotives yearly. V. 88. p. 1623
See application to list, V . 92, p. 1105, and offering, V . 92, p. 1703. In
1915 arranged for eroctlon or extonsivo new shops at Eddystone Pa
eventually for construction o f locomotives, but for the immediate use under
lease by Remington Arms Co. o f Dela. and Eddystone Ammunition Corn.
N ,-, X v o whi<* „ ^ av0 J
a,m o ile rs for war materials. See V. 102, p.
705: V . 103, p. 1120, and M idvale Steel & Ord. C o., V . 102, p. 715.
v
STO C K .— Pret. stock cannot be Increased without consent of m alorlty of
pref. shares outstanding. V. 92, p. 1703: V. 93. p. 47. In Mch. 1911 d ivi
dends had been paid since Incorporation at rate of 6% on pref. and 10% on
common of former Baldwin Locom otive Works.
D IV ID E N D S .— On prof., 1912 to Jan. 1917. 7% (3 H % s.-a.). On
common, in 1912 to July 1915,2% (J. & J.); July 1915. none; V . 100, p.1834.
BO NDS.— Of the 1st 5s of 1910 (515,000.000). *5,000,000 are reserved
for 75% of cost o f extensions and improvements. Redeemable as a whole
at 115 after May 1 1915 and by lot at 107 H for an annual sinking fund of
2% of the maximum bonds theretofore issued. V . 91, p. 40; V . 90, p. 1104
1046; V . 92, p. 1703); two sinking fund Installments, aggregating $400.000’.
wero paid In 1915 and 1916. Standard Steel Works Co. has auth. $5,000,000
1st M. sinking fund 5s, of which *5,000,000 have been Issued. 51,600.000
having been retired by the sinking fund. Sinking fund, 5200.000 yearly.
V. 86. p. 232; V. 89. p. 1416: V . 92. p. 1245, 1703.
ycarljrR E P O R T .— For year ending Dec. 31 1916; see issue o f Feb. 24. W ar
K E P O ltT .— For year ending D
Bond,
83 A U 9 0
5” ,; 1 '
- iak
Pref.Divs. Com.Div.
Balance,
Year. Sales.
Income.
ln t., A c.
(7 % )
(2 % )
Sur. or Def.
1916.859,219,058 $7,042,937 $4,423,471 $1,4^0.000 . . . . sr.$1,219,466
v~ 22.083,011 3,510.383 682,567 1,400 000 . . . I I sr. 1,427 816
*..............
1915.
1914. 13.616,163
981,754
631,524 1,400.000 8400.000 d e fl 1449 770
Tho total surplus Dec. 31 1916, after crediting $2,864,321 for value o f
Eddystone Building (leased to Remington Arms C o .), was $8,949,624.
Tho total surplus Dec. 31 1916 including the Standard Steel Works C o.,
was $11,227,134.
O F F IC E R S .— Chairman, Wra. L . Austin; President, Alba B. Johnson;
V .-P .. Samuel M. Vauclaln; Sec. and Treas., Wm. de Kratft.
D IR E C T O R S .— W illiam L . Austin, A lba B. Johnson, Samuel M . Vau
claln, W ilham Burnham, S. F . Pryor, Samuel M cRoberts. Charles D .
Norton, Francis M . W eld, Guy E . Tripp, Sidney F. Tyler, W illiam E.
Corey, and Sydney E. Hutchinson. Messrs. Corey, Vauclaln and Pryor
are also directors o f M id vale Steel & Ordnance Co. V . 103. p. 2082.
Office, 500 N . Broad St., Philadelphia.— (V . 103, p. 495, 1120, 2081.)
(T H E ) B A R R E T T C O M P A N Y .— O R G A N IZ A T IO N .— Incorporated In
N ew Jersey Feb. 6 1903. Owns and operates through its subsidiaries
about 40 plants In 37 cities o f U. S. and Canada for manufacturing coal
products, such as tar, ammonia, roofing felts, &e. Owns all the $4,807,000
stock o f the Barrett Co. (W . V a .). V . 76, p. 867; V . 91, p. 1513: V . 94, p.
125, 1318; V . 96, p. 717; V . 97, p. 730. 51; V . 96, p. 655. Nam e changod as
above (from “ Am . Coal Products C o.1 in Jan. 1916 with tho samo capital
’)
stock and exchange all stock certificates. V. 102, p. 346; V. 100, p. 1595.
S T O C K .— The full-paid common stock must always be twice the pref.
stock and no additional mortgage or bonded debt can bo placed without a
two-thirds vote o f the stockholders. V . 94, p. 125. Stocks listed on N . Y .
Stock Exck. In July 1916. V. 103, p. 63, 241.
Both classes o f stockholders o f Oct. 29 1915 were allowed to subscribe
at par for 15% o f new pref. stock, or $1,989,000. to retire the $2,000,000
gold notes called and paid Jan. 1 1916. See V. 101. p. 1191, 1466, 1554.
See also “ Dividends” below.
There aro also outstanding $140,000 bonds o f tho Peters Paper C o. of
Latrobo, Pa., which is owned by this company,
148
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, & c., see notes on first page]
8ethlehem Steel Corporation— Common stock $15,000,000-
Common stock Class B 345,000,000 non-voting-------------Pret (a & d) stock 7% nou-cum $60,000,000 --------------Beth Steel purch money mtge tor Beth Iron gold-G P.xe*& r
do
1st E x t M e guar red 105----------------- (i.xo
do
1st lien < R ef M e iru red 105 s f --E a .xc*& r*
fc
do Pur M on & Im p M $60,000,000 call 105 s f-B a K c *& r
do Two-yoar (secured) notes gucall 101 & in t .G K c * & r
Fore River 1st M g gu due $40,000 y ly red 103-OB.xc*
Tltusv Forge Co 1st M gu p & i duo$20,000 yly red 102 A Ba.xc
Bonds of Penn Steel Properties Guaranteed—
Pennsylvania Steel first mortgage currency.............GP.xxr
Maryland Steel first mortgage currency..................G P .xxr
Penn-Mary Steel Co cons mtge $7,000,000g-------- GP.xxc
Spanish-American Iron 1st M g guar red 102 A - H P.xxc’ &r
Collat trust loan (Cornwall) s f red 105; V 74, p 1312. .xx
Penn-Mary Coal M gold guar red 102H (s t 101)----- GPxx
B ooth F ish eries— Common stock 510,000.000 a u th orized...
1st pret stock (cum since Apr 1912) red 110---------------- Sink fd deb 55,000.000 g red 101 conv into 1st pt stk.xo*
Borden's Condensed Milk— Common stock $22,500,000.---Preferred (a & d) 6% cum 57,500,000 redeemable at 110
B orne*Scrym ser Co— Stock--------------------------- - - - - - - - - -
B raden C opp Mines C o — Dobs $20,000,000 g s f calll05&Int
Brill (The .1 G) Co— Common stock...................................
Preferred (a & d) stock 7% cum ulative--------------------
Date
Bonds
1887
1892
1895
1907
1902
1909
1,000
1.000
500 &c
1,000
1911
1,000
100
1,000
100
100
1916
100
1,000
100
100
parts o f Bethlehem Steel w ill consist o f only one part o r d n a n c ^ in a l^
four parts w ill be shipbuilding, and twenty parts, tho manufacture or steel
M in e. C o.. l n c o ™ » « 1 . D ^ J . » f t . a S
In 1913 purchased Fore River Shipbuilding Co., Quincy, Mass., and
guaranteed prin & int. Sf $750,000 I s f M . 20-year 5% bonds o f new M as..
^ I n ^ l a y T o i^ p u rc’hasell ^ a lt.^ ih ’e ^ '& ^ in Phde Co.
^ °In IJan71917 a quarterly cash dividend o f 10% was declared on the $15,non non common stock payable A pril 2, and it was announced that upon
the a u t h o r i z ^ ^ So fC
$3^0^0,000
new clas® o p o o A ^ ^ n ^ e b 8\7°in said
stock tho company would pay a stock dividend o f 200% on Feb. 17
sam
stock and would permit tho common shareholders to subscribe ana PJY
k?
See V . 104, p. 364. 665.
N O T E S __In Fob. 1917, In connection w ith contract for supplying or
R u s s i^ ammunltion, an issue o f $50,000,000 2-year 5%
.vf tho Rftt.hlphem Steel Co. was sold, pruaranteed, principal ana interest,
by tho Bothlohom Steel Corporation. T h «»o notes arosecur&d by
o f $25,000,000 bonds o f the company (1st E x tem ira 5s ^ d ^ r s t L ^ n &
R ef. M . 5s) and $37,600,000 short-torm notes o f British G ovt. See full
particulars in “ Chronicle” o f Fob. 24 1917.
B O N D S .— In Jan. 1917 the Corporation contemplated making a first and
refunding mortgago to provide for future requirements, but no bond salo
in early future. V. 104, p. 364, 455.
r$50 000 000
Tho Bethiehom Steel Company s 30-year 5s o f 1912 (Sou.uuu.uuu
authorized Issue) are secured by a general mortgage on the real estate and
meut o f the First Extension M tge. bonds and #21,086.000 k to bo lasuecl
from timo to time, subject to proper restrictions, for additions and exten
sions except that not exceeding $2,000,000 m ay bo used as necessary to
ft S o T ? . l " T 5 r a ? V . 8 5 ° p i f b f s i i ; M
S
v M l. M
“ '
In 1916 the Bethlehem Steel Co. having guaranteed all the underlying
hoods on tho Pennsylvania and M aryland Steel Co. properties, oxcopt
$8 500,000 which it then retired and $1,000,000 due N o v . 1 1917 and
h iv in g vosted all o f said properties in tho Penn. A lary Steel C o., joined
w ith that company in making a mortgage covering t h ^ e and other Proper
ties in part as a first lion to securo not over $60,000,000 bonus (.v. iuu, p.
1793, 2157)), issuablo as follows:
$60,000,000 Purchase Money & Improvement Mortgage Bondso/W lG.
Issued to purchaso Penn. Steel Co. properties (seo y.l03.p.l793)$31,912.0U0
Reserved to retire old bonds o f Penn. Steel Co. and subsidiaries 16.J49.000
Reserved for 75% o f cost o f additions and 1
mprovemont s a ft er
M arch 1 1919 on mortgaged premises or any company 90% o f
" whose stock is owned and pledged under the m o r tg a g e ------ 11,109,00
Those bonds will have n 2 A % sinking fund from July 1 1916.
The Union Iron Works Dry Docks Co., a subsidiary of t t e Union Iron
Works, took over on N ov. 1 1908 the property of San_ Francisco Dry Dock
Co., and Issued 20-year 6% purchase money bonds ($574,000 outstanding
Dec. 31, 1915), besides assuming $500,000 underlying 5s. V. 88, p. J41.
Rate
%
We
hn
Payable
Last Dividend
and M aturity
Q— J
See text
$100 $14,862,000 See text
N ew
N ew
100 See text
100 14.908.000 7 In 1916 Q—-J Apr 2 17.11*%
Q— F Aug 1 1998
7,500,000
1,000
1901
6 e
J & J Jan 11926
6,999,009
5g
1,000
1906
M A N M a y 11942
5g
500 &o 12.669.000
1912
J & J July 1 1936
5g
1,000
1916 _____ &C 31,942,000
F & A 15 Feb 15 1919
5
1917 1,000 &c 50,000.000
J & J July 16-” 33
5
1.000
640,000
1913
M & S T o M ar 1933
6g
1.000
287,000
1913
A fter deducting 6 mos. div. on pf. stk.$2,738,454
$952,479
$545,0/8
R E P O R T .— Report for cal. year 1915 in V. 102, p. 1248, showed: N et
income, $3,121,184; bond int.. &c., $038,948; pref. div. (7 % ), $175*000,
com. d iv ., in cash (7 % ), $761,933; in stock (5 % ). $538,000, bal., sur.,
$1,007,303. Earnings for 6 mos. ending June 30 1915, after divs on pref.
stock were $952,479, against $545,078 in 1914. V . 101, p. 371.
O F F IC E R S .— Chairman. 1. D. Fletcher: Pres., \V H. Childs: Sec. anil
Troas., E . J. Steer. Office, 17 Battery Place, N . Y .— (V .103, p. 495. 2157.)
BETH LEHEM STEEL C O R PO R A TIO N .— O R G A N IZ A T IO N .— Incor
porated in N . J. on Dec. 10 1904 as successor, per plan Yh 8 .P .5 8 7 , o fth e
-J
U. S Shipbuilding Co., and acquired the entire stock of the Bethlehem Steel
Co. and of the following shipbuilding concerns: Union Iron Works, San
Francisco: Harlan & Hollingsworth Corn.. Wilmington. Del., Samuel I,.
Moore & Sons Corn., Ellzabethport, N . J. V . 82, p. lOoO. V .8 0 , p. 1520,
V . 87 n. 1359; V. 91, p. 278; V. 94, p. 1121; V. 100, p. 2013. Has contract
to purchase coke from Lehigh Coke C o. with option to buy the plant and
agreement to purchaso In 1942. V . 93, p. 1603. V. 100, p. 231. In 1915
expended about $12,000,000 on enlarging' its facilities. V. 102, p. 1-jo
in July 1916 consummated purchaso (V . 103, p. 241, 243), of’ all1 the
assets o f the Pennsylvania Steel Co. o f Pennsylvania
Co., with their extensivo steel plants, shipyaid, A c., through tho^^medium
o f pflnn M arv Steel Co., whose capital stock it owns. In 1916 the company
was jdannin^to expend about $60%0,000 prior to N o v . 1 1920 in extending
theso plants and diversifying their products. V. 103, p. 17J3. 2081.
Dec 1916 acquired through Penn-Mary Steel Co. for about $6,5Jo,UUP,
payable in joint bonds o f 1916, tho plants o f the Amer. Iron & Steel M fg .
a s s si
the close o f tho year 1917.
Amount
Outstanding
Par
Value
D IV ID E N D S (% )—
1903 to 1909.
1910.
1911 to Jan. 1917.
6
7%
Y,-.., _
On common in cash----------f>A % yearly.
Also N o v . 1915 5% and in July 1916 7% in stock, and Jan. 2o 1917
10% cash with right to subscribe for 10% ($1,208,910) common at par.
V . 103, p. 2157; V. 101, p. 1466.
„
E A R N IN G S .— 6 mos. to Juno 30 1916^(V . 103, p. 49o):
JQ14
s ia s s s m I s
M
[V o l . 104.
INDUSTRIAL STOCKS AND BONDS
1,000, ,000
2,000, ,000
4.000 ,000
2,717 ,000
5.550 ,000
1,545 ,000
5.000 ,000
4.110 ,000
4.111 ,000
21,329 ,000
7,500 ,000
200 .000
15,000 ,000
5.000 ,000
4,580 ,000
5
5
6
6
5
5
g
g
g
g
See text
7 in 1916
6e
8 In 1916
6 In 1916
See text
6g
See text
See text
& N N ov 11917
& A Feb 1 1922
& S Sept 1 1925
J & J July 1 1927
A & O Oct 1 1932
A & O Apr 1 1939
text See text
Q— J Apr 1 ’ 17 11*%
—
A & O Apr 1 1926
F & A Feb 1 5 ’ 17 4%
Q— M D ec 15 ’ 16 1
See text Oct 15'16 20%
F & A Fob 1 1931
Q— M Sept 15 ’08 14%
Q— F Feb 11917 1%
o
Places Where Interest and
Dividends are Payable
Checks mailed
Girard Trust Co, Phlla
H arvey Fisk & Sons, N Y
Equitable Trust Co. N Y
N Y office or agency
Old Colony T r C o, Bost
Bankers’ T r C o, N Y
Girard Trust Co, Phlla
do
do
do
do
Guaranty T r Co, N Y
Girard T r C o, Pliila
do
do
Central T r Co o f 111, Chic
do
do
N at City Bk. N Y ; or Chlo
B y check from Co’s office
do
do
80 South St, N ew Y ork
Bankers Trust Co. N Y
Checks mailed
do
do
The Harlan & Hollingsworth Corporation Issued $450,000 6% serial
gold debenture bonds dated A pr. 1 1912, due $90,000 Jan. 1 from 1914 to
1918, but redeemable at par on any Interest day (J. & J.) V .9 4, P. 1122.
Th e Titu sville (P a .) Forge Co. 1st 5s are guaranteed prln. and lut. and
mature $20,000 yearly M ar. 1 1914 to 1933, being redeemable as a wholo
only at any time at 102H and int. on 90 days' notice. V . 96. p. 1492.
R E P O R T .— Roport for cal. year 1916 In V . 104, p. 359, 364, showed:
1916.
1915.
1914.
1913.
Orders^fn hand,! T I - - . - 193,500,000 175,432.895 46,513,190 24,865,560
8,530,708
9,378,385
Manufacturing profits-61,717,329 23,782,781
1,879.220
1,941,092
Interest, &c. (n e t)_____
3,772,5/5 *1,303.972
1,528,785
Depreciation___________ 14,350,785
4,710,00()
- 1,847,273
,w ,■
Preferred dividen ds.. (7 % ) 1,043,560 (7) 1,043,560(7) 1,043,o60 (5)745,400
None
None
Common dividend____ (See above) (30)4,458.600
4,546,460
4,377,303
Balance, surplus_____ 42,550,409 12,260,652
O F F IC E R S .— Chairman, Charles M . Schwab; Pros., Eugene G . Graco;
V.-Pros., Archibald Johnston; Henry S. Snyder; James H . w a rd ; Soc. &
Troas.. B. II. Jones; Asst. Treas. & Asst. See., T . A . McDonald.
D IR E C T O R S .— O. M . Schwab (Chairm an), George R. Sheldon, Plin y
Fisk. Archibald Johnston, O. Austin Buck. John W . Griggs, Allan A . Ryan.
Wm. M . Barnum. Henry S. Snyder. Harry Bronnor. B . H . Jmms and E. G .
Grace. O ffice, 111 Broadway, N . Y . — (V . 104, p. 259, 359, 364.)
(E . W .) B L IS S & C O .— See V . 103, p. 63, 146, 495, 1212, 2239.
BOOTH F ISH E R IE S CO.— O R G A N IZ A T IO N — Incorp. In Delaware
May 10 1909 and purchased at receiver’s sale all the assets of A . Booth &
Co., Chicago, per plan in V. 88. p. 1063. Is engaged in buying and selling
at wholesale and retail fish, oysters and all sea foods, and has a large fleet
of fishing boats on the Great Lakes and Pacific Ocean. On April 11911
purchased the N . W . Fisheries C o., and In June 1915 additional salmon
canneries In Southeast Alaska and Wasnmgton. V . 100, p. 2088. V. 101.
n. 530. Booth St. Louis Cold Storago Co. has or Is to have a largo cold and
dry storage plant In St. Louis. V . 101, p. 1976. In Dec. 1916 purchased
the Lindenborgor Packing Co. through its subsidiary, the Northwestern
FiSB oottf F?shorles C o ^ o f Canada. L td ., was incorporated July 4 1916 with
SI 000,000 capital stock, primarily to take over and.operate'the N ow Bruns
wick Sardine Canning C o., with plant near St. Andrews, N . 13.
S T O C K .— The first pref. stock, cum. from April 1 1 9 1 2 , w ith no voting
power except while dividends are not paid or set aside. V. 102. p. 14.J8.
Holders o f the 6% debentures have the option o f exchango at par for the
first pref. V . 94, p. 125,489. In M a y 1916Issued $1,094,000pref. stock,
making total $4,110,000.
D IV ID E N D S .— On first pref. paid July 1912 to Jan. 1917
On common paid 4% April 1913 in new prof, stock. V. 96, p. 006. In
Jan. 1917 declared an initial dividend o f 2% on the common stock for year
1916 p a y a b l e M a r. 1; also quarterly 1% on tho common, payable April 1.
V . 104, p. 455.
B O N D S .— O f debentures ($5,000,000). $332,000 were on April 0 1916
reserved for additions at 80% o f cost, and $861,-000 wore in sink, fuud.
Cum. sink, fund $150,000 yearly at outset. V . 96, P- 655. V . 101. P- 1191.
Midland Cold Storago 5s, $112,M 0 . due $ ^ ,6 0 0 yearly June 191^1925.
n
pntn.1 cold storasce bonds Dec. 31 1915, $343,814. v . I U3, p. voo. in
1916guaranteed I p . & i. $500,000 1st M . serialJ6si o f Booth-St. L o ^ s Cold
Storago Co. due Jan. 1 1917 to 1931, but callable at 102 H • V.102, p.2311.
R E P O R T .— For cal. year 1915 at length In V. 102, p. 970, 983:
Calendar
Net
Bond, t&c., Deprec.,& c., P r e f.D iv s .
Balance,
Year__
Profits.
Interest.
Reserves.
(7 % )
Surplt/s.
io ir fa
Si 042 770
$.386,779
$307,334
$180,005
$168,652
1914
92L489
344,563
393,635
154.000
29,391
D IR E C T O R S .— R . S. Tu thlll Jr., K . L . Amos, P . L . Smlthors, W . G .
W eil, Geo. F . Goodnow, J. L . Stack, W . J. Feron, Chicago, 111.; Herbert
C W right N ew Y ork. K . L . Ames is Pros.; W . G . W ell, Sec., and P . L .
Smlthors. Vice-Pros., Gen. M gr. & Treas. Chicago offices, M ajostic Bldg.
— (V . 103, p. 241, 2430; V. 104, p. 455.)
B O R D E N ’ S C O N D E N SE D M IL K C O .— Seo page 206.
B O R N E -S C R Y M S E R CO.— O R G A N IZ A T IO N . &c.— Incorporated In
N ow Jorsey In 1893. Has lubricating oilp la n t at Elizabothport, N . J.
Formerly controlled by Standard Oil C o . o f N . J.. but segregated In
1»11. Seo Standard Oil C o. o f N . J.. V. 85. P- 216. 790. V . 93. p. 1JUU.
owns and operates in Province o f O'Higgins, C h 1 o, ox tuns! v-o i nl ni ng p r o p
1
ertv with m ill capacity o f about 4,400 tons o f ore por day. which It is pro
nosed to increase to 10,000 tons. Konnecott Coppor Corporation (which
see) owns 99% o f tho 2,590,706 shares authorized and outstanding (reduced
from 2?800.((80 shared July 14 1916). Bonds authorlzed $2V000.000;
iccnnH ^1^ 000 000
Roe V. 102, p. 524, 713, V. 1U3, p. oo. Keporc or
exncrt’ in V 101, p. 1970. See Kennecott Copper Oorp. V . 102, p 1713.
Wa r n i n g s .— Of Braden Copper Co. (operating co .), V . 102, P - 1627:
Calendar
Copper
Net
Other Bond.&c., Balance,
lotal
Y e a r — . Produced
Profits.
Income. Interest. Surplus.
Surplus.
1915
*5J515?245 $2,415,239 $261,055 $828,518 $1,647,776 $1,634,253
Output in 1916, 44.639,000 lbs., agst. 35,444,000 in 1915.— V. 104.
p. 166. 562.
, , „
,
o p fi I (TH E J G ) CO — O R G A N IZ A T IO N — Incorporated in Pennsyl
vania Aug. 1 1906: organized Feb 1907
Manufactures oars and trucks,
principally electrio. See V . 80, p. 1400; V . 86, p. 1102.
STO CK A N D BO NDS.— Of the preferred stock, $420,000 unissued is
reserved to retire the $400,000 5% bonds on the John Stephenson & Co.
niant due Dec. 31 1925. but subject to call at 105. No other bonded debt
and none can be created without the approval of 75% of preferred stock
D I V I D E N D S — On prof., 1 J* % quar. to Aug. 1914; N o v . i914 to Feb. 1
1917 4% (1% Q .-F .). V. 99, p. 1217, 1368. On common. June 1907 to
M a r . 1908,1% quar.; Juno & Sept. 1908, 'A o f 1% ; none since to Jan. 1917.
R E P O R T .— For cal. yoar 1916 In V. 101, P..660, showed:
Balance,
Calendar
Total
Oper. &c, Depreciation Preferred
Reserve,
Dividends• D eficit,
Year—•
Sales.
Expenses
$70,079 (4%)$183,200 $89,942
i o n ; ________ $6,180,896 $6,087,638
66,874
163.973 -(4 % )1183,200
lo ir,
4.403.117
4,122,817
io o .v /o
\i /oi) "
Pres” S a m u e l M . Curwon; V .-P ., W illiam H . H eu lln ^ Jr.; 2d V .-P ..
I j . w. Rawle; Sec., Henry C. Esling.— (V . 102, p. 605; V* 104, p. 660.)
Feb 1917.1
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O US C O M P A N IE S
IFor abbreviations, & c., see notes on first page]
Brooklyn Ferry Co.— See N Y Terminal Co (V 02, p 1180).
Brooklyn Union (ias— Stock 120,000,000 __________________
First cons $15,000,000 g (for underlying bonds see text)_G z
B row n Shoe Co— Common stock $10,000,000 auth________
Pref stock (a & d) 7% cum red 120_______________________
Buckeye Pipe Line Co— Stock $10,000,000_________________
Buffalo Gas— First mtge $5,900,000 red at 115 gold___G.xe
Buffalo General Electric Co— Stk $10,000,000 V .1 0 2 ,p . 1628
First mortgage (trustee Fidelity Trust C o )_______________z
Cataract Power & Conduit 1st M sink fund_________xxc*
First R ef M $10,000,000 call at 105. V.102,p.l628-Col.zc
Buffalo <c Susquehanna Iron— See Rogers-Brown Co
S
Burns B roth ers— Common Stock (seo tex t)_______________
Preferred 7% cumulative_________________________________
Bush Terminal Co— Common stock $7,000,000...... ......... .....
Preferred (a & d) 6% cum redeemable at 110 te x t______
First M (V 70, p 974) conv sink fund since 1907- C ol.xc*
First consolidated mortgage $10,000,000_______________xc*
Bush Term Bldgs Co M $12,000,000g gu s f.C o l. x, o*&r*
B u tte E le ctric & P o w er— See Montana Power C o.
B u tte & Su perior A lin in g C o,— Stock auth $3,500,000 ----Mutterick Co— Stock $15,000,000 (bonds see te x t)------------C a lifo rn ia P a ck in g C orp— Com 500,000 shares (no par) —
P re f stock 7% cum conv $10,000,000 call 115 & divs-------California Petroleum C orp — Stock, com, $17,500,000 auth
Pref(a A d ) stock, 7% cum&part red text $17,500,000 auth
Ponds of controlled companies—
Amer Petroleum Co 1st M e red 106 beg '14 sink fd ------- x
Amer Oilfields Co 1st M g red 105 beg '16 sink fd -----------x
Date
Bonds
1895
1897
1899'
1897
1909
1902
1905
1910
Par
Value
$100 818,000,
1,000 14,698,1
100
6,000.1
100
3.700,'
50 10,000,'
1,000
5.805.1
100
5,545,
100 Ac
2,375, i
1,000
1.384.1
1,000
7.029.1
100
100
100
100
1,000
1,000
.000 &e
100
100
100
1908
1910
B R O W N SHOO C O .— O R G A N IZ A T IO N .— Incorp. in N . Y . Jan. 1913
and acquired the Brown Shoe Co. o f Missouri. Operates 9 large modern
lants, 5 In St. Louis and one each in M oberly, M o ., Brookfield, Murphysoro and Dixon, 1 1 Aggregate net floor space, over 15 acres. In 1912 sold
1.
o f own manufacture and outside goods about 7,000,000 pairs o f shoes. In
Feb. 1913 acquired Barton Bros, o f Kansas C ity, V. 96. p. 556. N o m ort
gage or funded debt, oxcopt $60,000 real estate mtgo. V. 96, p. 204.
N otes payablo (Oct. 31 1916), $3,815,000.
S T O C K .— The pror. stock Is redeemable at any time, all or part (pro
rata), and also upon dissolution at 120 and divs. on 3 mos.’ notice. N o
mortgage (other than purchase money) can be authorized or prer. stock
increased or prior stock issued by vote o f less than 75% of each class, both
prof, and com. Sinking fund out o f surplus profits to retire at least 2 )4 %
annually o f tho maximum pref. stock at any tlmo outstanding, any deficit
to bo mado up in subsequent years. Pref. shall not vote for directors unless
four quarterly dividends are in default.
D IV ID E N D S .— D iv. on pref. from Feb. 1913 to Feb. 1917, 1 y, % q Uar
Dividends on common, 1% , paid Fob., M a y and Aug. 1 1914- none to
Dec. 1 1916, whon 1 )4 % was paid; 1917. M a r., 1 )4 % . V. 103, p. 1793
REPO RT
~
Year ending Oct. 31 1916 (seo V. 103,jp. 1885), showed:'
Oct. 31
Net
Net
Interest D epr’n V P j. Divs.
Balance,
Year—
Sales.
Profits.
Charges.
A c.
(7 % ). Sur. or D e f
1915-16--S15,913.373 $1,719,762 ............ $252,005 $264,250s r$ l,203,507
1914-15.- 10,764,328
553,726 $146,642 166,762 273,000 def. 32,678
Chairman, Geo. Warren Brown; Pres., John A. Bush; V.-Prcs., E R
M cC arthy; Treas., II. S. Hutchins; Sec., VVm. K ra il.— (V . 103, p. 1885 )
B U C K E Y E P IP E L IN E C O .— O R G A N IZ A T IO N , &c.— Incorporated In
Ohio M ar. 31 1886. Owns pipe lines In Ohio. Formorly controlled by
Standard OH Co. o f N . J „ but segregated in 1911. See Standard Oil Co.
o f N . J.. V. 85. p. 216. 790: V. 93. p. 1300. Stock. $10,000,000; par. $50.
Roport for cal. year 1916, in V. 104, p. 562, showed: N o t income, $2,082,
068; divs. (1 6 % ), $1,600,000; bal., sur., $182,068. In 1915, net, $1,523,
801; divs. (1 6 % ), $1,600,000; bal., def., $76,199.
Divs. in 1912 & 1913, 40% (10% Q .-M -); 1914, M a r., 10%; Juno, 8% ;
Sept., 6 % ; Dec. 1914, to M ar. 1916, 4% : June 1916, 2% ; Sept., 4 % , and
Doc., 4% ; 1917, M a r., 4 % . V. 99, p. 1369. Pres., D. S. Bushnoll; V .-P .
& Gen. M gr., (). S. Juno; Sec., Goorgo Chesobro; Treas., VV. A . Harris.
N . Y . offico, 26 Broadway.— (V . 102, p. 524; V. 104, p. 562.)
B U F F A L O (N . Y .) G A S .— A consolidation In 1899. See listing, V . 77
p. 34. Stock, com., $7,000,000; pref., 6% non-cum.. $2,000,000. o f which
$1,713,000 outstanding; par $100. On Sopt. 24 1914 Pres. Alexander O
Humphreys and Harry P. Ramadell o f Duffalo wore appointed receivers'
tho company being ln urgent need o f money to pay the floating debt and for
working capital, not less than $450,000 as o f M a y 1 1914. V. 99, p, 896 44
Foreclosure sale ordered, but to Fob. 1917 no date had been ’ set’
V. 102, p. 1720.
Bondholders' Protective Committee.— Willard V. King, Chairman; Geo. E .
Warren, Sec.; Columbia Trust C o.. N . Y .. depositary. M a jority deposited
V. 99, p. 896, 971. 1473, 1676. April 1913 coupons were paid from money
borrowed. V. 97. p. 296. Th e Oct. 1913 and April 1914 coupons were pur
chased, but $64,525 o f tho Oct. 1913 coupons wero paid later. V. 97, p. 952;
V. 98. p. 1074. Roport for year 1913 In V. 99. p. 44, showed; N et,
$213,906; int. on bonds, $290,250; bal., def., $76,344. Pros., A . C. Hum
phreys. 165 H ’way.— (V . 100, p. 1439, 2013; V. 102, p. 1720.)
B U F F A L O G E N E R A L E L E C T R IC C O.— Seo issuo Oct. 1912; V . 102.
p. 1062, 1104, 1541, 1627; V. 104, p. 065.
B U R N S B R O S.— Wholesale and retail coal dealers In N . Y . C ity. A
consolidation Dec. 31 1912 under laws of N..1. V. 96, p. 363; V. 103, p.2081.
Stock listed on N .Y . Stock Exchange In 1915. Dividends on common stock
16 }917, 6% per ann. (1 ) t % quar.). Tho shareholders
uln/uw0 Alar. 12 1917 on a plan to increase the common stock from $5,J *>rcr ,noy outstanding to $12,000,000. i t Is contemplated to declare
* 23
'
A 1,375,000 and approximately $2,000,000 o f tho
new stock w ill be applied to tho retirement o f the pref. stock. Tho bal
ance* , ,r? stated win remain in tho treasury and w ill bo distributed in
S
net profit, $678,810.— (V . 103, p. 211, 2081; V.1 04 , p. 0 6 )
B U SH . T E R M IN A L C O — O R G A N IZ A T IO N , & C .— Incorporated in
N ew York on Fob. 10 1902 (V . 74, p. 477). Owns expensive terminals on
tho water-front, 40th to 51st streets, Brooklyn. V. 7(j n <174
“ “ 4.1032; V. 79,
p. 1956; V. 82, p. 1039; V. 88, p. 163; V. 91, p. 1771.. Also controls Bush
c’o
Term inal Bldgs. C o., owning tho following outstanding stock
7% cum. pref; ($7,000,000 auth.) and $i .010*000'c o V iS m ' (I2 000 000
auth.), Including $1,000,000 plcdgtxl In N o v . 1916 under Consol M tgo
As to plan for a municipally-owned water-front terminal in South Brook
lyn, seo v . 95, p. 1686, 751; V. 96, p. 865, 1492; V. 100, p i 170 1835
Possible plant at Bayonne, N . J. V. 102, p. 2344.
1
'
P R E F E R R E D S T O C K .— In addition to the Initial $5,000 000 pref stock
(callable at 110 & divs.), may Issue: (a) from timo to time not exceedin'-$5,000,000 additional pref. stock on consent o f a m ajority o f tho directors
and a m ajority in Interest o f all the stock outstanding; and (6) a further
$5,000,000 pref. stock on consent o f a m ajority o f the directors and a ma
jority in interest o f common and o f pref. stock outstanding. V . 92 p 1034
Rate
%
When
Payable
See text Q— J
5 g
M & N
See text See text
7 In 1916 Q— F
See text See text
A & 0
5g
See text Q— M 30
5g
F & A
5g
J & J
J & J
5g
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
Jan 2 1917 2 ) 4 By check from Co’s office
M a y 1 1945
Chase National Bank,NY
M ar 1 1917 1 V Checks mailed
2
Feb 1 ’ 17, 1M % Checks mailed
M a r 15 ’ 17 4% N ew Y ork
Oct 1 1947
See text
Dec 30 T6 1)4 Buffalo
Feb 1 1939
Fidelity Trust Co, B uff
Jan 1 1927
M etropolitan T r Co, N Y
A pr 1 1939
Columbia Trust Co, N Y
See
7 ln
See
6 in
text Q— F Feb 5 1917 1 ) 4 N ew Y ork
1916 Q— F Feb 1 1917 1 )4 N ew Y ork
text J & J Jan 15 T7 text
1916 J
& J J3 1 15 J7 3%
.1
4g
A & O Apr 11952
5g
J & J Jan 1 1955
5 g
A & O Apr 1 I960
O ffice, i0 0 Broad St. iN Y
10
100
B R IT IS H -A M E R IC A N T O B A C C O C O ., L T D .— (V . 104,p.75,161, 166.)
B R O O K L Y N B O R O U G H G A S C O .— ( V. 103, p. 1033.)
B R O O K L Y N U N IO N G A S .— Incorp. In N . Y . State Sept. 7 1895, per
plan V. 6 1 ,p . 831. and V. 62. p. 1141: V. 64. p. 887; V. 80. p. 1854. D aily
manufacturing capacity Dec. 31 T 5 . 70.100,000 cu. ft. V . 101, p. 1630.
Suit. V. 99, p. 51. 345. 1369.
D I V I D E N D S — 11906
1907
1908
1909 to 1911
1912 to 1917
Slnco 1905 (per c t)-.\
3
0 5)4
6 yearly
6 & 2 oxt.yly.
Jan. 1912 to Jan. 1917 6% p .a . (1 )4 % Q.-J.) and 2% (1% J.-J.) extra.
BONDS.— Mortgage of 1895 Is for $ 15,000.000 of Ponds, subject to.
Bonds—
Interest.
Outstanding.
M aturity.
Feb. 1 1940
Citizens’ Gas con. mortgage____ 5% F. A A z $264,000
Union Gas L. con. m tgo............. 5% J. A J.z
38.000Jan. 1 1920
R E P O R T .— Report (by Public Service Commission) for cal. year 1915,
In V. 102, p. 1890, showed gross, $10,719,758: net (over taxes), $2,324,212,
other Income, $232,167: Int. on bonds, &o., $839,319; divs. (8 % ), $1,440.
000; bal., sur., $277,059. In 1914. gross, $10,730,812; net, $1.918.897
Accountants’ roport 1907 to 1912, V .97,p. 1501. Ann.m eeting,V.101,p .1630.
Pres., James I I . Jourdan; Vice-Pres’ ts., VVm. G. Rockefeller and A . P.
Stanlford; Treas., E. R . Chapman. Offico, 176 Remsen St., Brooklyn.
N . Y . — (V . 100. p. 312, 1260, 1343: V . 101, p. 1630: V. 102, p. 1890.)
Amount
149
See
text
in TO
Q— M
Q— AI
8,347,600 See text
14.877.005
12.343.026 See text
Q— J
2 )4
601.300
1.127,400
6 g
6 g
J
F
&
&
Dec 30 T 6 62K
Sept 1 ’ 16
Checks mailed
'
Checks mailed
see text
do
July 1 T3 1 )4 % Columbia Trust Co, N Y
Jan 1 ’ 17 1%
do
do
D June 1 1920
A Feb 1930
Southern T r Co, Los Ang
do
do
„»? ,Q N D S .— O f the consol. 5s, sufficient aro roservod to retire tho 1st 4s
Vnn?0^'i^^Sc?,llstm gaPPlication' v - 88- P- 1G3i v - 79. p- 1956; V. 80. p. 999.
100o, 1177; V. 81, p. 1243; V. 90, p. 1427. In N o v. 1916 issued $990,000
now common stock o f Bush Terminal Bldgs. Co. as security for its own t
Consol. 5s, making $1,000,000 outstanding. V. 103, p. 1793.
-LSU 1 Crittiricll
Sll
Ir»etc P.A
rr
■ ■
■ ■
•p N - Y . C ity am
V. 97, p. 1901; V.
( ’06. ’07. ’08. ’09. TO. ’ l l . ’ 12-T4. T 5 . T6 . 1917.
1 icfu re d (n ew )----- ] -----Issued in 1911---- July, 3 6 yrly. 6
6
6
----0
0
0
0
2
4
4 yrly. 4 ^ 5 T e xt
Common
^ stock____ _________
__ __ _
__
__
__ u
(Jq
dai[ ■ 1916 with 2 'A % cash, a special dividend o f 214% ln com. stock
i ° n tl10 com - stock, and again In July 1916 and Jan. 1917, those
extras being on account o f incroaso in value o f property. V . 104, p. 259.
(ad companies).— For 11 mos. ended N o v. 30 1916, gross.
8: n
,ut’ S I.849,936; interest, $778,337; sinking fund, $101,405:
balance, surplus (for dividend), $970,193. V. 103, p. 322.
«ti «-m >w S T fo[ Year ending Dec. 31 1915, In V . 102, p. 1344. showed: Gross.
Hlv
other Income. $198,958: charges. $711,724;
000; bal!, sur 6 1 h 9 u ’° 00: COm’ d iv ’ (5 % )’ S250.000; stock d iv •• S125.?4
V - P - W m - Shillabor; V .-P . & Treas., R . G .
S^ y * P - F,-.3 \ ? l0d: Asst. Sec., F. It. Bicrlcin; Asst. Treas., J. A .
V . l()4 p 259C 100 n r° ad S t” N ’ Y — <v - 103- P- 63, 322, 1794, 2430;
)C’
T Byj|T m & SUPERIOR M INING C O .— O R G A N IZ A T IO N .— Incorrv»ratS ro «? Arizona Oct. 2 1906. Owns mining claims in Silver Bow
VjPw
^ re a 164.7 acres), interests in other claims having an area o f
,)8.3 acres and surface ,rights, Ac. Application to list describing , properties.
n c ,1
k ;.
„ . n.,n.,tA,
„ „ „ _______ Annitmtinn
&c. V. 100, p. 100, 1602; V. 102, p. 1635. Output chiefly zinc spelter.
V. 103, p. 237.
B utte-N . Y . Copper Co. issued $150,000 10-year 1st M . con
y , ™ ™ ho" d!?
Juno 1 1915 (Incomes for 5 y ears). $500,000 authorized
V. 100, p. 644, 1754. Presont name assumed in 1916, V. 102, p. 1635.
S T O C K . O f tho S3.5C0.000 auth. stock, $2,726,990 is outstanding.
D IV ID E N D S (slnco 1914)—
1915. 1916.— Afar. June. Sept. Dec.
R egu la r-------------- ------- ---------%
30
7^
7^
12Va 12H
k x tr a ---------------------------------- % 150
30
100
50
50
— Tho total Income for the 9 mos. to Sept. 30 1916 was
$9,708,352, and balance, surplus, $6,564,871.
. ^ l ! ,P ?,1 - T X car 1915 ( V - 103- (>■ 237): Sales, $12,087,117; net profits,
F
oth - inc-- 351,795; divs.(180%),$4,908,115;bal.,sur.,$4,217,832
O F F IC E R S .— Pres., N . Bruco M acK elvfe; V.-P. & Gon. M g r., D . O.
Jackfing; V.-P. & Gen. Counsel, K . K. Babbitt; See., A . J. lionagban
Ircas., 0 . W . Peters.(V . 103, p. 237, 241, 667, 940, 1794, 2344.)
B U T T E R IC K C O .— Seo page 195.
„
IA P A C K IN G C O R P O R A T IO N (O F N. Y . ) .— O R G A N Ifo im # ’— i n
1916 incorporated in Now York to acquiro (V . 103, p.
1 .1 ) ’
o f mortgage or other funded debt, the business, assets and prop
erties o f J. K . Armsby Co.; California Fruit Cannors’ Association; Central
California Canneries; G riffin & Skclloy Co.; and about 80% of tho cap
ital stock o f tho Alaska Packers’ Assn. Tho largest packer and dis
tributor o f California dried fruits and canned goods, and an important fac
tor in Hawaiian pineapple industry; Alaska Packers’ Assn, is the largest
packor o f canned salmon in tho world. William Salomon & Co., N . Y .
sold tho pref. stock. V. 103, p. 1982, 2157.
ST O O K .— The pref. stock is convertible at option o f holder into common
stock at any timo prior to Jan. 1 1932, 1)4 shares o f common for 1 share o f
prof., and Is subject to redemption at 115 and accrued dividends. Dividend
N o. 1, $1 38, Jan. 1 1917, at full 7% rato from Oct. 19 1916.
.
— Approx. Earnings per share—
E A R N IN G S — (as in 1916).
Earnings
Pref. Stock.
Common Stock.
A ver, rate for last 5 fiscal years.$1,450,918 $18 per share $2)4 per share
Last fiscal year----------- --------- 1,519.526
19
“
3
“
Present fiscal year (estim ated)- 2,325,000 28
”
5
“
55‘J^vqoarnings on common stock aro after allowing 7% on tho pref. stock.
D IR E C T O R S .— Wm. Fries, Chairman o f tho Board, and J. K . Armsby,
I resident. Other directors: G. N . Armsby. R. M . Barthold, It. 1. Bent^ y* 9*
Bentley, M . J. Fontana, S. L . Goldstein, A . O. Griffin, O. W .
Griffm , VV. J. Hotchkiss, A . W . Porter, L. E. Wood, B. D. Adamson, F. B.
Anaerson, J. C . Cowdin, John Lawson, and G. O. Honry and Jacquos
Weinbcrgor (both o f W illiam Salomon & C o .).— (V . 104, p. 364.)
C A L IF O R N IA P E T R O L E U M C O R P O R A T IO N .— O R G A N IZ A T IO N .
— A holding company Incorporated In Virginia Sept. 27 1912. Owns 99% of
stock o f (a) American Petroloum Co. (V . 92, p. 1111; V. 91, p. 216); which
owns or controls 2,000 acres o f land in tho Coalinga, Lost Hills and Los A n
gelos districts; and (5) 90% o f American Oil I-'ields C o.,V . 92, p. 957).
which claims 9,800 acres in tho M idw ay, Sunset, M c K ittrick and Lost
Hills oil districts o f Southern California, and ail tho stock o f Petroleum
M id w ay C o., L td ., which owns 60 acres in M id w ay oil field.
Status—
Total
Total
tt eld bu
[As reported Dec. 31 T5 .) Authoriz'd.
Issued.
Public.
Holding Co.
Am. Pet. Co. com. stock.$12,500 000 512.468.400
5108.700 512.359,700
Pref., 6% non-oum. .. 2.506.000
2.095.900
500
2.095.400
12-yr. 6% gold bonds. 2.000.000
691,300
091,300
______
Am. Oilfields Uo. stock . 25.000.0fK) 18.302.800
635,3*0 17,067.500
20-year 6% b o n d s... 10.000,000
2.212.200
1,127,400
1.114,800
STO C K .— Common stock, 517.500,000 auth.; outstanding. $14,877,005
held ln voting trust to continue until Oct. 1 1917. but terminable In d is
cretion o f trustees, E. L . Doheny, Norman Bridge and G . G . Henry.
D IV ID E N D S .— Divs. on common. Jan. 1, A pr. 1 and July 1 1913, 1 H %
each; none slnco. V. 97, p. 239, 668. On pref. in 1913 and 1911 7%1915. 4J*% ; 1916, 4% (1% Q.-J.); 1917, 1% , Jan.
’ />
<’
R E P O R T .— Report for year 1915, at length in V. 102, p. 970, 987.
For 8 mos. to Aug. 31 1910, net earnings wore $842,374 increase
$55,339 over 1915. V. 103, p. 1414.
Year— Earnings.
Earnings. Deductions.
Dividend.
Sur or D ef
1915----- $1,919,878 $1,354,167
SS17.030 (4)01586.294 dof.$49 157
1 9 1 4 .... 2.867,117
2,241.470 1.164.916 (7 ^ 5 864.012 sur.212.542
V. 103, p. 581, 1414.)
50
INDUSTRIAL STOCKS AND BONDS
M I S C E L L A N E O U S C O M P A N IE S
[F o r a b b r e v ia t io n s , A c . , s ee n o te s o n firs t p a g e ]
Calumet & Hecla Minins— Stock (S12 per share p a id )---------Cambria Iron— Stock (4% guaranteed).......... .................. - -
Cambria Steel— Stock S50.000.000--......................... ............
Bonds o f Subsidiary Companies—
Mtrs’ w ater Co 1st M $1,000,000 e fii s f red t e x t-.G P .x
Johnstown SS Co 1st M duo $130,000 each Dec 1 1918 to
1927 call 102............................................................ Q P .c
Beaver SS Co 1st M duo Juno 1 1918 to ’20 $13,000; 1921
to 1927 $28,000. call 102........ .................................Q P .c
(J I) Case Threshing Mach Co— Com stock S20.000.000----Pref stock (a & d) 7% cutn $20.000,000----------- — - - -
1st M serial gold bonds red 103 see text-------- F C .xc*& r*
C ellu lo id C o - S t o c k $0,000,000 authorized--------------- - - -
C en t D lst T e l C o. P itts — 1st M $25,000,000 red te x t.F P lx c *
Central Leather Co— Common stock $40.000.000----------- Eq
Preferred (a & d) 7% cumulative $49,000,000----------Eq
x
First lien gold bonds $45,000,099--------------------Central & South American Telcg— Stock auth $14,000,000-
Central States Electric Corporation— Com stock $lO,O0O,OOO
Pret stock 7% cumulative $39,900,000----------------------- Seoured convert gold notes red 101, conv pref stock --G c*
C erro de Pasco C opp er C orp— Stock (no face va lu e)— - - Convertible bonds $10,009,000 call 105-------------- Col
C halm ers M o tor C o rp o ra tio n — Stock 600,000 shares
...
C h a n d le r M o tor C ar C o rp — Auth capital stock $10,000,000
C hes & Potom ac T e l C o —Oons M $1,500,009 s fd call 103 c*
C hes & P otom a c T e lep h Co o f Va— 1st M g red- . . . . c *
C hesebrough M a n u fa ctu rin g Co C onsol— Stock $1,500,000
D a te
Bonds
Par
V a lu e
Am ount
O u ts ta n d in g
R a te
%
W lie n
P a y a b le
L a st D iv id e n d
a nd M a tu rity
[VOL. 104.
P la c e s W h e r e In te r e s t a n d
D iv id e n d s a re P a y a b le
Q— M Dec 20 T 6 $2
$2,500,000 See text
8.468.000 4 in 1016 A & O Oct 2 1916 2% Checks mailed
50
do
See text
Q— M M a r 15 T7 3%
000
50 45.000.
1909
1916
1916
1914
1913
1905
1.000
1.000
3.555.000
5 g
J
&
D June 11939
1.300.000
5g
J
&
D Dec 1 1918-27
Girard Trust Co,
Ph il.
Philadelphia
do
J & D June 1 1918-28
5g
265,000
1,000
8.300.000
100
100 12.150,000 7 In 1916 Q— J Jan 1 '17 1 X % Checks mailed
First N B , N Y & Chic FC
J & D Dec 1 T6-'26
9.500.000
6g
600 &c
5.925.000 See text Q— M 31 Dec 30 ’ 16 4% Office. 36 Wash PI. N Y
100
N ew Y ork and Pittsburg
J & D Dec l 1913
9.950.000
600 &c
5
Q— F Feb 1 1917. I X Checks mailed
.
100 39,701,030 See text
100 33,209,050 7 In 1916 Q— J Jan 2 1917 1H Checks mailed
Central Trust Co, N Y
A & O Apr 1 1925
5g
34,344.150
Office 66 Broadway, N Y
See text
196 See text See text
Feb 19 ’ 15 X %
5.451.900 See text
D ec3 0 T 6 I X % Checks mailed
4.543.300 7 In 1916
Guaranty T r Co, N Y
j q & J d June 11922
5,963,784
5g
500 &c
$1 Columbia Trust Co, N Y
Q— M Dec 11916
None 666,666 shs. See text
do
do
M & N N o v 1 1925
6g
1.000 10.000. 000
Now Jan 15 ’ 17, 75c
N ew
None 464,000 shs.
Jan 2 1917 3%
Q— J
7,000.000 See text
100
Wash, A m Sec & T r Co
July 1 1929
J &
5
1.000
1.291.000
Richmond, Va
M & N M a y 1 1943
5g
100 &c
3.347.900
100
1.500.000 2 0 H - T 6 Q— M Dec 20 ’ 16 3 H Checks mailed
§3
1912
1915
1899
1913
T o ta l auth. bond issuo: $45,000,000, viz. (on Jan. 1 1916): unissued,
C A L U M E T & H E C L A M IN IN G .— Stock, $2,500,000: $12 per $25 share
$8,242,350, o f which $5,808,000 were roservod for retirement o f U. 8.
paid In. V . 93. p. 941. V. 98. p. 239. Decision 1915. V . 100. p. 232.
In Feb. 1916 the company redeemed, at par and lnt., the remainder (less Leather Co. debentures and aro now free bonds; held In stumpage and
than $400,000) o f tlio $8,519,000 notes Issued In 1909, o f which $2,764,000 special depreciation fund, $2,407,000: in treasury, $13,000, less $6,500 for
exchange o f U. S. Leather pref. stock; balance outstanding, $34,344,150 .
were outstanding Jan. 1 1916. V. 104, p. 166.
D IV ID E N D S .—
(1914. 1915.
1916. _
,
1917.
D IV S .—
1 ’06. '07. ’08. ’09. ’ 10. ’ l l . ’ 12. ’ 13. '14. ’ 15.
1916
Oncommon_________% {
2
7
M a y , 1; Aug., 1; N o v ., 1 F o b .,lj^
P. C. sin ce’05 - 1 280 260 80 108 116 96 168 128 40 200
300
do
extra . . . % l . .
-Aug., 1; N o v ., 1; Doc., 2 ..............
In calendar year 1916 the copper output, including the affiliated cos., was
Prof, dividends rogularly I X % quarterly Oct. 1905 to date.
160.445,610 lbs., against 147,239,621 lbs. In 1915 V . 104, p. 364. Report
for year ending Dec. 31 1915, V. 102, p. 2073. V.-Pres., R . L . Agassiz.
E A R N IN G S .— Y ear 1915 (V . 102, p. 796); 9 mos. 1916 (V . 103, p. 1595):
Cal.
Total
Gross
Bond Pref. Dios.
Common
Balance
— (V . 103, p. 495, 845, 1890, 2344; V. 104, p. 166, 364.)
Year.
Earnings. Income.Interest.
(7 % ).
Dividends.
Surplus.
C A M B R IA STEEL CO.— Incorporated In Pennsylvania In N ov. 1898, per
plan, V. 67, p. 688, leasing Cambria Iron Co. Tor 999 years at 4% on $8,468.
1915___ 12,145,589 8.465,104 1,838,207 2,330.930 (4)1.588,038 2,707,929
000 stock. V. 68. p. 128; V. 75, p. 443: V . 76. p. 862; V. 78, p. 1166.
1914...10,301.056 6,715.131 1.838,207 2.330.930 (3)1,191,028 1.354,965
In Fob. 1916 the M idvale Steel & Ordnance Co. having arranged to buy
T
at $81 a share the m ajority intorest In the stock offered to purchasei remain Q / qS *
1916-.13,198,675 10244,356 1,378,656 1,748,196 (5)1.985.045 5,132,459
ing shares till Feb. 18. V. 102, p. 616; V. 101, p. 1554,1630,1715,1809,1976
1915
____________ 7,945,952 5,325,321 1,378,656 1.748,196
..................
D IV S .—
(1902(01909. 1910(0 1913. 1914. 1915. 19161917.
D IR E C T O R S .— Edward C. n o y t, A . Augustas n e a ly , W alter G. Gat.
5
5
6 H M a r .lH (q u .).
Per cont____{ 3% yearly. 5% yearly.
rltt. Goo. D . Hallock, Leopold Rossbach, Eugene Horton, W alter S. Ilo y t,
Extra
I _________ ________________ Jan., 1 0
2 X M arch, 1J^
Tho quar. div. o f I X % in N o v . 1914 and Feb. and M a y 1915 were paid Warren G. Horton, Lewis II. Lanham, L . O. Krauthoff, Geo. W . Childs,
Edward O. Thiers, Van A . Wallin. Chas. Elnsiedler, Frank H . P la tt.
in 5% scrip, $1,687,500, all redeemed in 1916- In 1916 paid 5% (1M %
Q . -F .) and 1% extra in Feb.; in Dec. 1916 tho dividend period was changed Pres., E . C . H oyt; 1st V .-P ., W alter G . Garrltt; 2d V .-P ., Geo. W . Childs;
3d V .-P., Eugene Horton; 4th V .-P ., W alter S. H oyt; Sec.. Fred. E . Knapp;
to Q .-M ., and I X % and I X % extra paid Dec. 29, making 9% in year.
Treas., I I . W . H ill. N . Y . of fleas. Whitehall Bldg.. Battery Place and West
V . 103, p. 2430; V. 104, p. 666.
St.— (V . 103. p. 63, 409, 1213, 1595, 1982, 2344.)
B O NDS.— Manufacturers’ water bonds are red. on any lnt. day a t 101
C E N T R A L St SOUTH A M E R IC A N T E L E G R A P H .— Owns cables from
and lnt. out of the sinking fund ($150,000 yearly, beginning 1912), and also
at. 102 X in blocks of $500,000 or over. V. 88, p. 1376: V . 90, p. 770. Vera Cruz, M ex., to Valparaiso, Chill, total 15,180 miles, and land lines,
V. 96. p. 1090. Form o f guaranty. V. 90. p. 1365. Th e $3,000,000 3-year
1,730 miles, Ac. Including the Trans-Andine telegraph line, 1,396 miles. Con
6% notes, dated Oct. 1 1914, were retired In 1915. V . 102, p. 1055. Other nects at Vera Cruz with Mexican Telegraph Co., and owns an Interest In
outstanding bonds Dec. 31 1915: $386,172 Johnstown W ater Co., $37,500 cable and duplicate cable between Galveston andCoatzacoalcos, 825 miles,
Mahoning SS. C o., and $45,000 Cambria SS. Co. In 1916 sold tho new
fisc. New cable between New York and Colon, Isthmus of Panama, was
steamship bonds shown in table above. V. 102, p. 2169, 1541, 1623 , 2256. completed about Aug. 1907; of this, 738 miles from N ew York Is owned
by Mexican Telog. Co. and 1,563 by C. & S. A . Co. V . 84, p. 1054, 1117.
Bills payable Dec. 31 1915, $1,750,000.
A new duplicate cable between N ow Y ork and Colon, Isthmus o f Panama,
R E P O R T for 1915, with balance sheot, was in V . 102, p. 1055, showing:
T otal net income, $8,546,08-1; depreciation, &c., $1,470,936; charges, was completed July 23 1915, o f which 738 miles from N ew York is owned by
$671,610; dividends (6 % ), $2,700,000; bal., sur., $3,703,538. In 1914. the Mexican Telegraph C o., the balance, 1,514 miles, by tho C. & S. A. '1 el.
total net income, $3,115,932. Pros., A . C . Dinkoy; V.-Pros., John O.
D IV ID E N D S .—
I ’85. ’86. ’87. *88-;96. ’97. ’ 98-’ 15. 1916.
Neale and E. E. Slick, Johnstown, Pa.; Sec. & Treas., D . Brewer Gehly.
P ercen t........ ............................. t 4
4
6 7 y ’ly 6 X 6 y l y bolow
Office, M orris Bldg., Phila.— (V . 103, p. 322, 2344, 2430.)
In 1890 20% In stock; in 1907. 25% in stock: Jan. 1916. I X and 3% cash
C A N A D IA N C A R & F O U N D R Y C O .. L T D ,— (V . 104, p. 166,259.) extra; Apr., July and Oct., I X : 1917, Jan., 1$£%; A p r., 46% In stock,
increasing amount outstanding to $14,000,000. V . 104, p. 562.)
C A R B O N S T E E L C O — (V . 103. p. 1885; V . 104, p. 166,259,365,455.)
E A R N IN G S .— For 3 mos. to Dec. 31 (ost.) and cal. years:
(J. I.) CASE TH R E S H IN G M A C H IN E CO.— O R G A N IZ A T IO N .— Incor
Total In c.
Net In c.
Dividends.
Bal., Sur. Total Surp.
porated In Wisconsin In 1880 as successor to a co-partnership formed in 1916, 3 m o s.. $913,240
$724,075 (1H )$143,565 $580,510 $7,323,988
1842. Has plant at Racine, W Is., on navigable waters, covering over 40 1915,3m os__
775,000
610,667 U x ) 430,695
179,972 5,378,876
acres of floor space. Manufactures threshing machines, clover hullers,
1916 cal. y r . 3,213,240
2,457,575 (6 % ) 574,260 1.883,315 7,323,988
steam traction and farm engines, steam-road rollers, gas tractors, both for
1915, cal. y r . 2,752,000
2,110.167 (9 % ) 861,390 1,248,777 5 378,876
gasoline and kero-ene, automobiles, &c. Owns 100 acres additional at
Office. 66 B ’way, N . Y . — (V . 103, p. 1414; V. 104, p. 166. 562.)
Racine, on which buildings have been erected and 192 acres at Fort William,
CENTRAL STATES ELECTRIC C O R PO R ATIO N .— See page 201.
Ont., for future development. V. 94, p. 353; V. 98, p. 1152; V. 101, p. 372.
CENTRAL SU G AR CO RPORATION, N. Y .— V . 104, p. 259, 365.
S T O C K .— Th e stocks (except stock held In estate trust funds, about
one-fifth o f the total) were placed In a voting trust for 3 years, which ha*
CERRO DE PASCO COPPER C O R PO R AT IO N .— See V . 101. p.
been extended 3 years to Jan. 1 1918. Voting trustees, Prank K . Bull. 1467. 1716. Incorp. in N . Y. State in N o v . 1915 and acquired extensive
copper, &c., deposits in Andes M tns., Peru. Capital stock, 1,000,000
Francis L. Hine and William E . Black. V . 99. p. 1676, 1913.
No dividend on the common stock In excess of 6% per annum shall be shares, no par value; issued, 666.666 shares and reserved for conversion o f
declared or paid If thereby the assets applicable to the payment of dividends, bonds, 333,334 shares. Listed in N . Y . Stock Exch. Fob. 1917. V. 104,
p. 666. D Ivs., March 1916 to Dec. 1 1916, both incl., $1 a share each 3
as determined by the directors, shall be reduced to less than $2,000,000.
mos.; March 1917, $1 and 50 cents oxtra.
,
DIvs. on pref., Apr. 1912 to Jan. 1 1917, I X % quar.
Tho bonds aro convertible after N o v. 1 1917, each $1,000 bond Into
B O N D S .— In Feb. 1914 $12,000,000 1st M . serial bonds were sold,m a
turing $1,500,000 Dec. 1 1914. $1,000,000 in 1915, $500,000 yearly 1910 to 33 1-3 shares o f stock. Also callable. In whole or in part, after N o v . 1 1917
1918 and $1,000,000 yearly 1919 to 1926. Redeemable or ropurchasable at 105 upon 90 days’ notice, subject to the conversion privilege, which may
on any lnt. date at 103 and lnt., but If less than the entire Issue la called, be exorcised within the 90-day period. Sinking fund, one-third the not
the last maturing bonds must be redeemed first. Secured by a first mort earnings after paying interest, with a minimum o f $1,500,000 per annum.
Receipts for tho 10X mos. ended N o v. 15 1916: D lvs. from sub. cos.,
gage on all the property and further by $12,000,000 notes received in regular
course o f business. Only after $2,500,000 bonds have been paid can notes $3,420,000; lnt., $3,071; total, $3,423,071. Deduct: Admlnis. & gen. exp.,
$11,691; incorp. exp., $42,512; lnt. on bonds, $600,000; four dlvs., $2,666,
be withdrawn against payment o f bonds, so that after 2 years tho notes w ill
bo at least 125% o f bonds outstanding. V . 98, p. 765, 841. Bills payable 664: bal., sur., $102,204. I t is estimated that tho smelter produced
71.025.000 lbs. o f blister copper in 1916 from Cerro de Pasco custom, &c.,
were on Dec. 31 1915, $1,010,000, against $2,050,000 in 1914.
ores, against 60,000,000 lbs. in 1915. Pros., L . T . Haggln. Chas. D .
R E P O R T for tho year ondlng Dec. 31 1915 at length in V . 102, p. 1054 Barney & Co. aro interested.— (V . 104, p. 166. 666.)
1082: Gross sales, $14,058,632 (against $14,395,384 in 1914 and $13,417,406
CHALMERS AlOTOR CORP.— O R G A N IZ A T IO N .— Incorp. in N . Y.
in 1913): cost o f m fg ., &c.. $11,169,350; not profits and other income
$2,889,282; bond, &c., inc. and propor. disc’t, $907,457; reserve for con N o v . 3 1916 as successor o f Chalmers M otor Co. o f Cleveland (incorp. in
1908). Also owns entire stock o f tho Chalmers M otor Co. o f Canada, Ltd.
tingent losses, $50,000; prof. dlvs. (7 % ), $850,500; bal., sur., $1,081,325.
Plant occupies a site o f 42 acres with 23 main buildings; total floor space
D IR E C T O R S .— Frank K . Bull (Chairman o f Board), Warren J. Davis about 900,000 sq. ft. Contemplated 1917 production, 30,000 cars. V . 103
(Pres. & Troas.), Ellis J. Glttens and M ilton I I . P ettit (V .-P s.), W m . P .
Sawyer (Sec.), Frederick Robinson, Stephen Bull (Asst. Sec.), F . W . V'Stock.— Total authorized. 600,000 shares o f no par value; outstanding,
Stevens, A . O. Choate, Racine, WIs.; Francis L. Hine, N . Y .: W . E. Black, 464.000
shares; 240,000 shares placed in N o v . 1916 by J. S. Bache & Co.
Milwaukee, W is. Office, Racine, W is.— (V . 102, p. 1054.)
and Charles D . Barney & Co., N . Y . V . 103, p. 1794. N o bonds.
C E L L U L O ID C O M P A N Y .— O R G A N IZ A T IO N .— Incorporated N ov.28
E A R N IN G S .— In N o v . 1916 curr. earns, wero at rate o f $2,500,000 p. a.
1890 in N ow Jersey. Stock, $6,000,000; issued, $5,925,000; par, $100.
Management.— In same hands as tho old company. Pros., Hugh Chal
N o bonds or mortgage outstanding.
mers; Sec., W . P . Kiser; Treas., D . P . Turnbull. Financial offlco, D etroit.
1916.
D IV S .—
(1899. 1900. 1901. ------1902 to 1915 m c L - —
— (V . 103, p. 1890, 1794.)
Since 1898,%\ 6
7
7
8 yearly. 6 & 2 oxt. In Doc. See below.
CHANDLER MOTOR CAR CO RP.— O R G A N IZ A T IO N .— Incorpo
A quarterly dividend o f 1 X % was paid March 31 1916 with an extra o f rated in Ohio on N o v . 16 1915 to succeed an Ohio corporation ol the same
10% In April; Juno, Sept, and Dec. 30, 2% , with 2% extrain Dec.
name. Capacity 25,000 cars per annum. Plant and offlco at Cleveland, O.
Factories at Nowark, N . J.; Office, 30 to 36 Washington Place, N . Y .
S T O C K .— Auth. capital $10,000,000 (par $100); outstanding, $7,000,
Pros., M . C . Lefferts; W -Ps., D . G. Maynard and Henry Rawle; Sec. &
Treas., Carleton M ontgom ery.—'(V . 101, p. 2169; V. 102, p. 1062, 2079.) 000. Company has no bonds, no preferred stock.
D IV ID E N D S .— In 1916: A pril (N o. 1), 1 H % : July, 2% and X % extra;
C E N T R A L D I S T R IC T T E L E P H O N E C O .— See page 201.
Oct. 2 1916 and again Jan. 2 1917, 2% & 1% oxtra. V . 103, p. 2157.
C E N T R A L F O U N D R Y C O .— (V . 103, p. 243.)
E A R N IN G S — For cal. year 1916: N ot profits (V . 104, p. 666) waj!
C E N T R A L I L L IN O IS P U B L IC S E R V IC E C O.— See V . 103. p. 496. $1,716,166; dlvs. (10 % ), $700,000; bal., $1,016,166. In 1910 shlpemntso1
and p. 64 o f “ Electric R y . Section.”
cars wero about $1,715,000 moro than in 1915. Orders on hand Dec. 4
C E N T R A L L E A T H E R C O . — O R G A N IZ A T IO N .— Incorp. in N . J. on 1915, 20,381 cars. V. 103, p. 2157.
Apr. 12 1905 as a reorganization, per plan V. 79, p. 2751, o f U. S. Leather
O F F IC E R S .— Pres. & Gen. M g r., F. C . Chandler; V.-Pros., W . S. M ead;
Go. (V . 56. p. 757; V. 57. p. 23; V. 71, p. 817; V. 81, p. 213, 560,1176.1852; Sec., Isadore Grossman; Treas., Samuel Regar.— (V . 104, p. 166,666.)
V . 90, p. 1173; V. 94, p. 624. Output, sole leather. Statement to N ew
CH ESAPEAKE & POTOMAC (BELL) TELEPHONE CO .— Seep. 207.
Y ork Stock Exchange. V. 81. p. 504; V. 82, p. 159.
CHESEBROUGH MANUFACTURING CO.. CONSOLIDATED.— O R
B O N D S .— Secured by a 1st M . on all the assets and lands acquired
G A N IZ A T IO N , <S .— Incorporated in 1880 In Vew Y ork. Manufacturers
cC
and, pending their physical acquisition, by the sharos o f old company
( nearly all acquired) and all the stock and bonds o f Its subsidiaries, lnclud- o “ Vaselino” preparations. Form erly controlled by Standard Oil Go.
f ng $3,750,000 4% 25-year gold debentures and S10.000.000 stock o f the of N . J.. but segregated In 1911. See Standard OH Co. of N . J.. V. 85, p.
Central Pennsylvania Lumber Co. (authorized amount $20,000,000). 216, 790; V . 93, p. 1390. Stock, $500,000; par, $10 ». In M a y 1916 the
I l Dec. 1913 a sinking fund was established. V. 76. p. 1196; V. 78. p. 50; capital stock was increased from $500,000 to $1,500,000 by a 200% stock
dividend payable June 10. V. 102, p. 1720. Dividends in recent yoars
81, p. 1176: V. 96, p. 648; V. 98. p. 75.
2,198,469
F e b ., 1JIT.
‘
M IS C E L L A N E O U S C O M P A N IE S
j F o r a b b r e v ia t io n s , & c . t see n o te s o n f i r s t p fio e ]
C h ev ro let M otor Co— Stock autti $ 8 0 ,0 0 0 .0 0 0 -----------Chicago Edison C o—See Commonwealth kdlson Co
Chicago Junction Rys & Union Stock Yards— Common stock
Preferred (a & d) 6% cumulative ..
M tee & roll tr ref bds g ($10,000,000 5s)----------- a .xc*& r
Central M fg Dist 1st M $10,000,000 gu “ A ” duo $120,000
Unloads took Y’ d°& "Transit Co (sub co) clebs g red 105----x
Pneumatic Tool Co— Stock $/»ouu»UUU-- - - - - - - - - - First rntgc gold red at 105 all or by lot for 550.000 s f---X
C h ica go Stock Y ard s Co— Codat tr bonds g r od 105— -O B x
C h ica g o (B e ll) T e le p h o n e -S to c k $30,000,000 autborized.
1st M S50.000.000 trlred lOo since Dee 1 1913.FC.m c &r
C h ile C opper Co —Stock auth SUO.OOO^OO-------- -C oll trusts 7% conv g bonds auth $L5.0g0.000----O.c*&r*
C in Oas & El C o— 1st M $15,000,000 « s fd cal 102-Co.c*&r*
Cin Edison El Co 1st M to bo paid June 1 1917 - - - - - - ........
C itie s S ervice C o— See “ Electric Railway Section
C la flln (H B) C o— See M ercantile
xc.
Clearfield B Coal Corp— 1stM lnt gu by Belt CtnR R e a 1 o l. x c
^
Canoe Ridge purchase money mortgage sinUlng furiA _(jx
M ortgage $5,000,000 gold auth gu by N Y Cent O.xc &r
Old bonds on Penn C & C properties, see text
,
Clevcland(O) Eleceill Co o1 s t C o— 2-yoarn o tm $3 0002000U °c
C leveland (O) T lep h - n e M s:i!'-^ iV notes $3,000,000--- c
C lu e tt Peab ody & Co. I.nc — Common stock $18,000,000P re f (a & d) 7% cumulative $9,000,000--------------------
D a te '
Bonds
Am ount
O u ts ta n d in g
Par
V a lu e
R a te
%
W hen
P a y a b le
L a st D iv id e n d
a n d M a tu rity
P la c e s W h e r e In t e r e s t a n d
D iv id e n d s a re P a y a b le
$100 $38,000,000
1900
1916
1910
1901
1911
1908
1913
1916
100
100
1,000
4,000,000
500.000
0.485.800
100
1.347.000
1.000
0,194.600
500 &c
100 See Text
L.000 Ac 18,998.000
$25 95.000.
500 &c 15.000.
4.500.000
1,000 &c
1.500.000
1,000
100 &c
1891
1902
1911 UOOO&c
1916
6.500.000 9 in 1916 Q— J Oct 2 1916 2H Office 25 Broad St, N Y
do
do
6.500.000 6 in 1916 Q— J Oct 2 1916 1 V i
Guaranty Trust Co. N Y
14 000,000 4 & 5 g A & O A pr 1 1940
1,000
668,500
275,000
2,500,000
5
4Vi
4 In 1916
5 g
5g
8 In 1916
5 g
000
000
I s
!S
M
J
& S
& J
Q— J
J & J
A & O
Q— M
J & D
12^590;^proflt^o^ sale^o^serari t f^ ,^$448,sli^ m ls co flf^ M io m ^ f^ 1^,165^
Sills and A . 1$. O. Hardy. N . Y . office, 000 W . 57th St.— (V . 103, p.
581,’ 846, 1983, 2345.)
CHICAGO JUNCTION R A IL W A Y S & UNION STOCK Y A R D S.— O R
G A N IZ A T IO N .— Incorporated In 1890 in N ew Jersey, and owns entire
stock o f Union Stock Yard & Transit Co. o f Chicago and Chic. June. R v .,
Incl about 700 acres o f land (with one mile o f water fr o n t), contain
ing warehouses, sheds and pens to accommodate 75.000 cattle, 300.000 hogs,
&c. V. 100, p. 1261. In 1907 Now Y ork Central U R . Interests acquired
the' 46 miles outer bolt line o f the Chicago Junction R y ., assuming the
$2,500,000 bonds, and giving $2,500,000 now bonds in payment. V . 85
P ’ Own’s atiout'675 acres making up the Central Manufacturing District o f
Chicago on which factories have been erected used by about 150 Industrial
concerns’
V 99, p. 342; V. 100, p. 1261. Seo bonds below.
Chicago Stock Yards Co. owns or controls all o f tlio $6,500,000 com. stock.
D IV ID E N D S .— On prof., 6% yearly (Q .-J .). On common, 1801, 10%;
1892 to Jan. 1 1915, incl., 8% yearly; 1915 to Oct. 1916,9% (2 V i% Q .-J.).
BONDS.— The c o l l a t e r a l t r u s t bonds are secured by pledge of 131.803
shares o f tho stock o f Union Stock Yards & Transit C o., $5,499,100 o f the
r.nn non stock o f Chicago Junction R y . and $2,500,000 bonds o f IndlIn a H arbor B elt R1L Of the bonds, $4,000,000 are 4s and $10,000,000
issued In 1916 aro 5s, both being equally secured, except that under a sup
plemental mortgage the 1% additional Interest over the original 4% on the
$10,000,000 bonds will bo a secondary charge on the property. Seo V. 70,
p. 1251; V. 72. p. 389; V. 86, p. 664; V. 100, p. 1261. Th e $2,526,000 Real
Estate Im pt. 1st 5s o f 1908. due 1928, were called and paid A pr. 5 1916,
ChCentral°Mfg? *DStrict*fsT"M. M
« t h
,
o f which $3,000,000
were sold in March 1916) aro issuod by J. A . Spoor, Arthur G. Leonard and
Eugono V . R . Thayer, as trustoes o f tho Central Manufacturing District,
and aro a first mtgo. on real estate and property tho valuo o f which Is esti
mated in excess o f $12,000,000. Bonds aro guaranteed prin. & ln t., by
endorsement, bv the Ch. June. Rys. & Union Stock Yards Co. Minimum
sinking fund 2% o f bonds out. V. 102, p. 888, 978: V. 103, p. 1980,2157.
R E P O R T .— Report for 1915, in V . 102, p.. 2075, showed combined results
2l
o f N . J. company, Transit Co. and R y . Co.:
1916.
1915.
„ 1914.
1913.
Gross earnings.............. $7,208,313 *6,566,836
$5,982,368 $6,329,056
Taxes, lnt. & opor. exp. 5,515,109
4,943,324
4,384.898
4.654,757
Surplus after lnt., &c- $1,693,204 $1,623,512 $1,597,470 $1,674,299
D IR E C T O R S .— F. H . Prince (P re s.), Eugene V. It. Th ayer (V .-P .)
Geo. P . Gardner (V .-P .), Bradley w . Palmer, 1<. Lothrop Ames, Rodolphe
Agassiz. Boston; John A . Spoor. Chicago; W m . O. Lane, S. L . Schoonraaker, k . Y.; Samuel S. Dennis, Newark. N .J . N . Y . office, 25 Broad St.
— (V. 101, p. 770; V. 102, p. 799, 1435, 1980, 2075; V. 103, p. 1980, 2157.)
CHICAGO PN E U M AT IC TOOL CO.— O R G A N IZ A T IO N .— Incorporated
In New Jersey on Dec. 28 1901 as a consolidation. Afterwards acaulrcd
several properties
In 1904 began to manufacture e ectrlo tools. In 1900
rook drills; In 1910 railway gasoline motor cars and commercial trucks.
D IV S .— f'02. ’03. ’04. ’05. ’06. ’07. ’08. ’09. '10. ' l l to ’ 10.
1917.
Per c e n t ___ 1 6 7 M H
3 4 4 0 0 3
4 yearly.
1, qu.
B ON DS.— Of the bonds (82,500.000 authorized). 82.500.000 has been
Issued, $89,000 on Jan. 1 1917 being in treasury and $1,064,000 redeemed by
sinking fund o f $50,000 yearly; mtgo. trustee, Lawyers T itle & Trust C o.,
N . Y . V. 74, p. 208.
R E P O R T .— Report for year ending Dec. 31 1916, V . 104, p. 556.
Calendar
Net
Bond
Sinking
Depre- Dividends
Balance,
Year—
Profits. Interest.
Fund, ciation.&c.
(4 % ).
Surplus.
1916..........$1,577,980 $119,375
$50,000 $455,182 $257,952 $695,471
1915.........
982,864 117,775
60,000
281,842 257,952
275,295
1914.........
655,105
116.175 50,000
210,275 257,951
20,703
O F F IC E R S .— Chairman of Board, John R. McGluley; President. W . O.
Duntley; V .-P ., J.G .O sgood ,T reas., Leroy Beardsley: Sec., W . B. Seollg;
Asst. Troas., F . O. Bassett.
Executive Committee, W . B . Seellg, E . M .
Richardson, J. It. M cG inley, W . O. Duntley and W . A . M itchell. D irec
tors (Fob. 1910), Gbas. M . Schwab, Janies II. Ward, W .O . Duntley, J. RM cGlnloy, VV. A. Mitchell, A . \V. Maconochlo, W . B. Seollg, B. II. Camp
bell and E. M . Richardson. General office. Fisher Bldg.. Chicago. N . Y .
office, 52 Vanderbilt A vo.— (V . 100. p. 551: V. 102, p. 606: V. 104, p. 556.)
C H IC A G O (B E L L ) T E L E P H O N E C O.— Incorp. In Illinois Jan. 14
1881. Operates In Chicago and neighboring towns, Amer. Telep. & Telog.
C o., which owns $29,291,800 of the $30,000,000 stock. V . 93, p. 1467.
1791. Franchise granted 1907, expiring Jan. 8 1929, provides that 3% of
gross earnings are to be paid to city annually, c it y may purchase propertire Jan. 1 1919 or 1921 at price 5% In excess o f cost o f duplication. V . 85.
p . 1211.
Stations Doc. 31 1916, 560,083. The proposod purchase o f
M ar 1 T 7 to ’41
Jan 1 1920
Jan 25 ’ 17 1%
Dec 311921
Oct 11961
D e c 30 1916 2%
Dec 1 1923
First T r & Sav Bk. Chlo
do
do
L Ib ’ty N a tB k .N Y & Chic
National City Hank, N Y
Old Colony T r C o, Bost
First T r & Sav B k. Ch
M & N M a y 1 1923
A & O Apr 11956
J & D June 11917
Guaranty Trust Co. N Y
N Y and Cincinnati
Central Trust C o, N Y
J Jan 1 1940
O Oct 11951
N N ov 11932
Columbia T vustCo. N Y
Company's Office
do
do
J
A
3 Vi
4Vi g M
&
&
&
A & O
600 Ac 10,500.000
M & N 10
3.000. 000
500 &c
Q— F
100 18,000,000 5 In 1916
7000 1916 Q— J
In
7.000.
100
m inrtnrlv (O - M ) 1912 to M ar. 1916, 40% (10% quar.). 1916,
S tM q ( % tand 4% extra; Juno 10. 200% In stock; June 29, 3% and V i%
‘ nri ftp ? 20 3% and V i% oxtra. Pres., O. N . Cammann;
extra, Sept. M cG ee1 Sec’. , R . S. Gllft Troas., Charles Lamont; Asst. Sec.
’
-(V. 98, p.
& Troas P reT k l l Williams. Office. 17 State St., N . "
..........
L 1 6 2 -T 'i0 2 p l252. 1720, 1899. 2256.)
C H P V R O I F T M O T O R C O .— O R G A N IZ A T IO N .— Incorp. in D el. In
Oct 1915 and took over properties manufacturing low-priced passenger
automobiles and Increased their capacity forthwith from 100 to 350 cars
X
v
V 103 P 846
Controlled by interests Identified with General
^Motors C o .',which seo below, also in V. 103. p. 1983.
S T O C K — Original Issue, $20,000,000. all disposed of; par, $100. N o
nref - no bonds. On Doc. 23 1915 shareholders voted to Increase the capi
tal stock to $80,000,000. with authorization to the directors to issue now
stock at thoh discretion for shares o f General M otors Co. in ratio o f not
more than 6 shares o f Chevrolet for 1 share o f General M otors com. “ A ”
(old c o .). In Dec. 1916 owned $16,644,500 o f the outstanding common
stock o f General Motors Corp. (5 o f whose common shares had been
issued for each common share o f samo par value o f old Gen. M otors Co.
V . 103, p. 2345. V. 102. p. 972. 1062, 1628.
T R E A S U R E R ’S S T A T E M E N T Aug. 1 1916 showed cash and securities
In hands o f Treasurer exceeding $25,000,000.
R E P O R T __As to status Aug. 1 1916, seo V. 103, p. 581. Eor 4Vi mos.
151
INDUSTRIAL STOCKS AND BONDS
Checks mailed
A Dr 1 1939
First T r & S B, Cleveland
M a y 10 1918
Feb 1 1917, 1 Vi Checks mailed
do
do
Jan 2 1917,1%
Chicago Tunnel C o .’s telephone property was blocked in Sept. 1916 by
failure to get U. S. Attorney-General to pass on deal, resulting in suit for
$8,000,000 for broach o f contract. V . 102, p. 1165, 2169, 2256.
S T O C K .— Stockholders voted on Feb. 14 to increase the auth. capital
stock from $30,000,000 to $40,000,000. V . 104, p. 455: V . 102. p. 1813.
D IV ID E N D S .— For many years 10% yearly; since Deo. 1908 2% quar.
(stock dlv. Oct. 1908, 20% ); 1909 to D ec 1916, 8% (Q .-M .).
B O N D S.— Bonds authorized, 850,000,000. In 1908 $5,000,000 were
sold and in A pr. 1912 814.000,000. Additional bonds can be issued since
Deo. 1 1909 at rate of $5,000,000 yearly. Amount o f bonds cannot exceed
50% of total assets nor more than 60% of the real estate and construction
accounts. Subject to these limitations, further amountsi may be Issued up
to75 % o f the cost o f Improvements, &c. V . 87, p .7 4 2 .1607; V . 94, p.1905.
“ Other funded debt.”
R E P O R T .— Report for year ending Dec. 31 1916. V . 104. p. 558.
Year—
Gross.
N et.
In t.,& c . D iv s .l 8 % ).O th.Chg. Balance.
1916 .......... 19,672,718 4.509,965 1.095,379 2,220,000
1.000 1,193,586
1915 . . .17,559,533 4.216,807 1,053,759 2,160,000 206,000
797,048
— (V . 103, p. 760, 910. 1121, 1304; V. 104, p. 455, 558, 666.)
C H IL D S C O ., N E W Y O R K .— (V . 103, p. 19S3; V . 104, p. 162.)
C H IL E C O P P E R C O .— Incorporated April 16 1913 In Delaware and
owns the entire 10,000 shares o f full-paid and non-assessable capital stock
o f the Chile Exploration Co. o f N . J. Said company owns and operates
extonslvo deposits o f low-grade copper ore and a plant for producing elec
trolytic copper at or near Chuquicamata, Northern Chile, on a branch o f
the Antofagasta & Bolivia R y ., 163 miles northeast o f Port o f Antofagasta,
and has Its own standard-gauge railroad connecting the plant with the mine.
Altitude o f mine, 9.600 ft.; o f plant, 9,000 ft. Th e plant, with capacity
for treating 10,000 tons or ore daily, began operations M a y 18 1915. Se
curities listed on N . Y . Stock Exchange. See statement to Exchange N o v .
1915. V. 101. p. 1893. Produced 45.114,385 lbs. copper in 1916. In Jan.
1917 7,756.000 lbs. against 2.066,782 In Jan. 1916S T O C K .— O f $110,000,000, $15,000,000 Is reserved for conversion o f bds.
B O N D S .— Secured by deposit o f the entire capital stock o f the Chile
----- '
Exploration ~
------*
“
‘
1923, into
In Doc. 1
O F F IC E R S .— Daniel Guggenheim, Pres.; A . O. Burrage. M orris Guggen
heim. I I . F. Guggenheim, V .-P ’s: Leopold Frederick, 'lre a s .;C . K . LipmanSec.— (V . 103. p. 581, 2158, 2431; V . 104, p. 166, 666.)
C H IN O C O P P E R C O .— (V . 103, p. 1794, 2158; V . 104, p. 668).
C I N C I N N A T I G A S & E L E C T R IC C O .— Owns generating stations and
distributing systems supplying gas and electricity to Cincinnati and suburbs.
Operated by Union Gas A Electric C o., a subsidiary o f Columbia Gas &
Electric Co. (which seo below) under a 99-year leaso dated Sept. 1 1906,
which, as amonded. provides for payment o f all Interest and sinking fund
charges and dividend o f 5% upon the $35,056,300 capital stock, (par $100
a share). Performance o f lessee company is guaranteed by deposit o f
$3,000,000 in cash and securities with trustees, which is to be gradual y
Increased to $3,750,000. O fficial report to N . Y . Stock Exchange was in
fu ll in V . 103, p. 1428.
B O N D S .— O f the $15,000,000 1st M . bonds o f 1916, $4,500,000 wore sold
in April 1916 to provide for improvements and tho construction o f an electrie generating station with an immediate capacity o f 50,000 li. p. (ulti
mately 100.000), raising the company’s total present output capacity to
79 000 h p
O f the remainder o f the authorized issue. $1,500.0(50 are re
served for the refunding o f the Cincinnati Edison Electric Co. bonds.
Juno 1 1917, and tho balance aro available for the company under restric
tions. See V . 102, p. 1438, 978, 1542; V. 103, p. 581, 1033, 1428.
C IT IE S S E R V IC E C O .. N E W Y O R K .— See “ Elec. R y .” Section.
C IV IC IN VESTA1EN T & IN D U S T R IA L C O .— (Initial dividend, 1% ,
declared payable N o v . 15 1916: Feb. 15 1917. 1% quar
Stock listed in
M ontreal to Feb. 1917, $63,469,100. See Montreal Light, Iie a t & Power
Co. below, and V . 103, p. 1301, 1595.
C L A F L IN (H . B .) C O .— See Mercantile Stores Corp.
C L E A R F IE L D B IT U M IN O U S C O A L C O R P O R A T IO N .— See p. 205C L E V E L A N D (0 .) ELEC TRIC IL L U M IN A T IN G CO.— O R G A N IZ A
T IO N .— Incorporated In Ohio In 1893; present name adopted In 1895. Has
unlimited franchises In Cleveland and 27 adjoining towns.
The Central States Electric Corp. (which see above) has acquired more
than 74% o f the common stock. V . 94, p. 1461. 1386, 1251.
S T O C K .— A uth., $15,000,000. o f which $1,000,000 m ay be 6% cum.
pref. (p. & d .). Pref. stock issued. $800,000; com ., $9,763,500. V . 96,
p. 1158. Dlvs. on pref. in full; on com. from 1904 to Feb. 1917, 8% yearly.
Par, $100.
BO NDS.— The bonds are now a first lien. They are redeemable on Apr. 1
1924 at 107 Vi and lnt., and thereafter on any lnt. date at a price decreasing
at rate of Vi of 1% yearly to maturity. The authorized issue Is $30,000,000;
beyond the first $5,000,000 bonds can be issued only to the extent of 80%
of tho cost of future Improvements or additions, provided the net earnings
arc twico the Interest charge. V . 95, p. 969; V. 100, p. 143; V. 104. p. 562.
E A R N IN G S . Gross.
Net.
Charges. P f. D iv. Com.Div. Surplus.
Y ea r 1916...$5,109,738 $1,601,592 *401.983 $48,000 $781,080 $370,529
Y ea r 1915-.- 41392:579 1.525,921 362,384 48,000 781,080 334.457
O F F IC E R S .— Chairman, Harrison Williams; Pres., Samuel Scovil; Sec.,
S. C . D . Johns. O ffice. Cleveland, O.— (V . 103. p. 581: V . 104, p. 562.)
C L E V E L A N D T E L E P H O N E C O .— See American T el. & T el. Co.
C l U F T T , P E A B O D Y & C O ., IN C .— O R G A N IZ A T IO N .— Incorp. In
N Y Fob. 4 1913 as an enlargement o f a co. o f samo name whose business
was established about 1851. Combined factories at T ro y , N . Y .; also
operates factories at Rochester and Corinth, N . Y .; Leominster, Mass.;
South Norwalk, Conn.; St. Johns. Que., and a bleachery at Waterford,
N Y . Annual production about 10,000.000 dozen collars and 500,000
dozon shirts, “ A rrow " collars. “ Monarch’ shirts, &c. V. 96, p. 491.
S T O C K .— Pref. Is callable, all or part. In blocks o f 10% o f Issue, at 125
and accrued div., also at same price on dissolution or consolidation or dis
tribution of capital. Beginning Dec. 31 1916, annual sink, fund, 1916 to
1920, 1% of issue and thereafter 2% , payable out o f surplus profits. The
prof, has no vote for directors unless four quarterly dividends are In default.
N o mortgage or new pref. without consent o f 75% o t each class o f stock.
Dividend on common, 1914 and 1915, 4% ; 1916, 5% d V i % quar.).
1917, Feb.. IV i. V . 102, p. 158. ’
152
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
f
Par
Value
Amount
Outstanding
Rate
%
____
1889
1893
1904
$100 $34,235,500
100
2,000,000 See text
1,000
120,000
6g
1,000
5,75*.000
5 g
1,000 33.100.000
5 g
1889
1901
1,000
1.000
—
1907
1913
1908
1897
1898
1908
850.000
6g
462.000
5g
502.597
6
2,500,000 See text
100
100 50.000,000
500 &c 13.488.500
6g
500 &c
2.616,500
5
1,000
3.590,000
5g
When
Payable
See
M
F
F
text
A N
A A
& A
Balanoo, surplus................................ $1,421,824
$821,224
$251,811
— (V . 102, p. 156, 342: V. 103, p. 403; V. 104, p. 75. 255.)
C O L E M O T O R C A R C O.— (V . 102, p. 2344; V. 103. p. 63.)
COLORADO FU E L & IRON CO.— A C olorado*corporation formed
Oct. 21 1892. Re-chartered Oct. 1912. V. 93, p. 1728. In Juno 1903
Rockefellor-Gould Interests assumed control. V. 76, p. 1410* V 98 p
1159. Annual capacity o f finished steel products to be 550.000 tons!
V . 73, p. 561; V . 75, p. 1149; V . 79, p. 736: V. 62, p. 461. Th e strike was
terminated in Dec. 1914. V. 98. p. 1159, 1278, 1357-60, 1434, 1540; V . 99,
p. 819, 897, 973: annual report, V. 99, p. 381-2; V. 99, p. 1751.
Under the reorganization plan of 1903 (V . 77, p. 2037, 2282, 2341* V 79
p. 736, 1267) the Colorado Industrial Co., whose entire capital stock Is
owned, created an Issue of $45,000,000 consol, first mtge. guaranteed bonds
(see below; also full statement In V . 80, p. 1726; V . 83, p. 378).
_ D IV ID E N D S .— Dividends on prof, in full to Fob. 1903, then none til1
*
July 1912, 2 H % ; Jan. 1913, 2 ^ % . M ar. 20 1913, 35% account 74% ac
cumulated dividends; July 1 19l3, 4% : Jan. 1 1914. 4% ; then none till
A ug. 1916, when 30% was paid; on Dec. 22 1916 also paid 30% , thus
clearing up all accumulations; 1917, Feb., 4% on pref. V. 103, p. 63, 2081.
BO NDS.— The Col. Ind. guar. 5s ($45,000,000 authorized Issue) cover all
the property o f that company and,by supplemental mortgage o f 1913, the
real estate transferred to the C ol. Fuel & Iron Co. and entire Issue o f securitles of subsidiary cos. narmxl viz.. $4,500,000 bonds and $100,000 stock o f
Col. & W yo. Ry.; $3,000,000 Rocky M tn. Coal & Iron stock and $331,200
stock and $160,000 notes o f Crystal Riv. R y. Series " A ” (limited to $14 067 000) , Series ” ’B ’ (limited to $30,932,000). $6,000,000 to retire gen M .
V °9718p 3 * 3 V ' 8 * ’ P ' 1481’ 172° : V * 83> P- 381,377. 326; V. 96, p. 1492;
5
&
°
E A R N IN G S .— For 6 mos. to Dec. 31 1916, V. 104, p. 562.
6 A f0S.—
Gross.
Net.
Other In c.
In t .,A c .
Surplus.
- ............ $17,193,680 $3,319,116 $308,865 $1,405,104 $2,222,877
1915 ---------- 10,554,758
1,463,541
214.797
1,355,916
322,422
R E P O R T — For 1915-16. in V . 103, p. 1410.
Y e a r e n d in g J u n e SO—
1915-16.
1914-15.
1913-14.
1912-13.
Tota l gross earnings----- $25,626,605 $16,578,040 $17,803,025 $24,315,888
T o ta l net income............$4,971,077 $2,261,101 $1,651,247 $4,375.895
Interest, taxes, fee.......... $2,769,906 $2,595,762 $2,557,216 $2,648,703
Preferred dividends__(30%)600,000
_________
_________ (4%)80,000
Places Where Interest and
Dividends are Payable
Feb 20 1917 4% Chase N a t Bank, N Y
May 1 1919
Metropolitan Tr Co, N Y
Feb 1 1943
Chase Nat Bank, N Y
Aug 11934
New Y ork Trust Co, N Y
A & O Apr 1 1919
M A N May 1 1951
J
A J
Jan 1 '17 20%
Columbia T r Co. N Y
do
.
do
I
J
J
Columbia T r Co, N Y
&
&
&
$ & £
20,000.000
Q— J
. 4K
$100 Sco text
8 In 1916 Q— F
1.000
8,000,000
M A S
5g
1,000 34,631.000
M A S
5 g
R E P O R T .— For cal. year 1916 In V. 104, p. 255. showed:
„ .
.
1916.
1915.
1914.
N e t sales........ ..................................$16,518,717 $13,346,005 $13,109,442
T o ta l income.......... ........................
$16,524,117$13,351,405 $13,114,842
N e t profits
$2,811,824$2,073,557 $1,531,811
Preferred dividends (7 % )..................
490,000
532,333
560,000
Common dividends........................... (5%)900,000(4%)720,000(4%)720,000
Last Dividend
and Maturity
'1
O’
Colorado Fuel & Iron— Inc common stock $44,200,000 auth.
Preferred stock (not as to assets) 8% cum $2,000,000-Colo Fuel Co’s Gen mtge g s t red 110 (V.102,p.l542)Alp.c’
Colo Fuel A Iron gen M $6,000,000 g s f red U)5_..Ce.c*Ar
Colo Indus 1st M gold ser A A B guar p A 1call 105..N .c*& r
Bonds of Properties Controlled.
Grand River Coal A Coke 1st M gold($ 125.000 guar).Ce.c
Rocky Mountain Coal A Iron first mtge gold g u a r ...C o l
Pueblo R ealty Tr Co M (V 91, p 1772)______ . . . ___________
C olts P a te n t Fire Arm s M fg Co— Stock $2.566.000______
Columbia Gas & Electric Co— Stock S50.000.000_ .
First M s f gold $25,000,000 ($6,770,000 canceled).Col.xc
Cex
Debentures authorized $2,850,000 ___________
Cln Gas Transp Co 1st M $5,000,000 s call 1911 110_____ z
Cln Gas & El Co bonds— See that co. above.
United Fuel Gas Co bonds— See that company.
C olu m bus (O ) Gas Sc Fuel Co— See Ohio Cities Gas C o____
Commercial Cable Co— IstMOnc deb stk)$20.000,00()g.F.cAr
Commonwealth Edison— Stock authorized $60,000.000.. .. .
Commonwealth Elec 1st M f Equally sec by C om m onw l.xx
Commonwealth Ed 1st M l Electric mtge of 1898 J.xx
Date
Bonds
[V o l . 104.
J Jan 1 1927
J Jan 1 1927
J July 1 1933
Hartford, Conn_________
P rov S B A T r Co, Cln
Jan 1 2397
F L A T Co A Office N Y
Fob 1 1917 2% Checks from co's offico
June l 1943
Illinois T r A <: nk, Chic
■
June 1 1943
M er Loan & T r Co
R E P O R T .— Full financial statement Sept. 1916, V . 103, p. 1324. Y ea r
1916, V . 102, p. 1344, 1354. Preliminary report, 1916, V. 104, p. 365.
Calendar
Gross
N et
Other
Rentals.
Bond. A c .,
Balance,
.year
Earnings. Earnings. Income. A Chgcs. Interest.
Surplus.
1916------$9,056,762 $4,432,686 $833,015 $3,414,869
$693,815$1,157,016
1915------ 8,044,532 3,901,467 514,179 3,353.098 681,809
380,639
L E A D IN G C O N T R O L LE D P R O P E R T IE S
(Cln. N . & C ov. L t. & Traction, soe "E lectric R y . Section” ).
C IN C IN N A T I GAS T R A N S P O R T A T IO N CO.— A West Va. corporation,
having capital stock of 53,000,000 5% pref. and $2,000,000 com. stock and
outstanding 53,590,000 5% 1st M. bonds. (V .88, p.1375.) Owns 183 miles
of steel pipe line, running from the Columbia company's natural gas field
In S. W . West Va., connecting with Covington and Newport, K y ., Ac.,
and Cincinnati and surrounding towns. Leased bv the Columbia company
for 30 years. Rental, all maintenance charges, taxes, A c., bond Int., sk. fd.
of $20,833 1-3 monthly beginning Aug. 1 1911, and divs. on common stock
at 10% per annum. The pref. stock Is to receive a dlv. o f 5% per annum,
after all transportation bonds have been canceled. V . 86, p. 1532
C I N C I N N A T I C O M P A N IE S — Th e Columbia Company owns all
o f the $5,000,000 6% preferred and 99.5% o f tho $10,000,000 common
■tock and all o f the $375,000 dividend certificates o f tho Union Gas
& Electric Co. o f Cincinnati (V . 89, p. 230; V. 103, p. 1046), which op
erates, under a 99-year lease, tho properties, A c., o f tho Cincinnati Gas
& Electric C o., with exclusive gas and electric privileges in Cincinnati
and suburbs. V. 83. p. 274, 892, 1231; V. 88. p. 1375; V. 95, p. 752;
V . 97, p. 53, 240. Tho Union Gas A Elec. Co. owns $2,303,000 1st M .
bonds o f tho Columbia C o., these bonds being deposited as part o f the collat
eral under tho guaranty fund o f the Cine. Gas A Elec. Co. Cincinnati Gas
& Elec. Co. has an olectric-generating plant o f 30,000 h. p., 26.547 private
electric consumers, 6,499 city electric street lamps; has 740 miles o f gas
mains, gas holders with a capacity o f 10,000,000 cu. f t . , and supplies natural
gas to 114,498 customers, and lights certain o f tho city and suburban streets
with about 4,700 gas lamps, A c. See V. 100, p. 232; V. 104, p. 365, 562.
As to Cine. Gas & Elec. Co., seo that company and V. 103, p. 1428.
K E N T U C K Y P R O P E R T IE S .— Cincinnati Nowport A Covington L ig h t
& Traction Co. controlled under a 90-year lease. (Seo “ Electric Railw ay
Section" and V . 84, p. 1489. under Columbia Gas A Electric Co.; V. 101,
p. 694). These properties embrace 66 miles o f track, a power house o f
5,950 h. p. supply, the electric railway, and about 7,901 electric consumers
and 125 miles o f pipes for distributing gas to 24,878 consumers.
U N IT E D F U E L G AS CO.— Owns gas rights on over 857,000 acros (also
oil rights on about 438,000 acres o f same), located in W. Va., K y . and
Ohio. Operating on only 44,500 acres, or about 5% . o f tho total acreage,
has drilled 510 gas wells, est. open flow capacity about 800,000,000 cu. ft.
daily, and 78 oil wells yielding 89,000 bbls. in 1914. W ith about 1,200
Balance, sur. or dof._sur.$l,601.171 def$334,661 d e f$905,969sr$ 1,647,192 miles o f pipe line, compressors, A c., supplies gas direct in about 50 cities,
t 9,uf!1C E K 3 • ~ 1
>r5 ? F - Welborn; Vice-Prosidonts, Starr J. M urphy
including Charleston, Huntington, Ravenswood, Clendenin, Spencer. R ip
J. Chilburg and S. G. Pierson: Sec. & Treas., J. A . Writer, Donver
ley, W .V a ., Ironton and Portsmouth, Ohio, and Ashland and Catlottsburg.
D IR E C T O R S .— J. II. McClomont, J. B. McICennan, Willard P . Ward
K y . Further sells large quantities o f gas to Columbia Gas A Electric C o .,
J. I . Welborn, Cass. E. Herrington, Starr J. M urphy, John D. Rockefeller Ohio Fuel Supply C o., Louisville Gas & Electric Co. and Central Kontucky
Jr., Joseph Chilborg, S. G. Piorson, Bertram Cutler, David H . Taylor
Natural Gas Co. and Portsmouth (O .) Gas Co. Population sorvod directly
A lbort A . Reed and J. A . W riter.— (V . 104, p. 562.)
’ about 110,000: by other cos. using its gas wholly or partly about 1.800.000.
Gas sales o f tho company in 1915. 29.594,073.000 cu. ft. Capital stock.
C O L T ’ S P A T E N T F IR E A R M S M A N U F A C T U R IN G C O .- O R O A N I Z A I T O N .— Incorporated in Connecticut In 1855. Manufactured revolv $10,000,000 auth. and $9,000,000 in N o v . 1916 outstanding. V . 104, p. 75
ers. automatic pistols, machine guns and carriages. Plant at Hartford
In 1915-16 United Fuel Gas Co. retired all old bonds and mado a now
Conn. In Aug. 1911 the C olt’s Arms Co. o f N ew York, which owned the $15,000,000 1st M . under which $8,460,000 1st M . 6s havo been issued.
entire stock, was dissolved, its stock being exchanged for that o f M fg Co
Seo statement to N . Y . Stock Exchango in V. 103, p. 1133; also said com
. In Jan. 1917 tho company proposed to increaso its auth. capital stock pany’s caption below and V. 102. p. 816, 1354.
from $2,500,000 to $10,000,000. V. 104, p. 365.
D IR E C T O R S .— Chairman, P. G. Gosslcr, Now York; Pres., A . B .
Learh, N ew York; Vice-Pres’ts, W . Y . Cartwright and W . W . Freeman.
D IV ID E N D S (Since 1911)— 1912. 1913. 1914. 1915. 1916. 1917.
Regular, per cent....................... 6
6
6
7
13 4 . . .
Cincinnati, and F. B. Enslow, Huntington, W. Va.; Soo.-Troas . T FE x tra ........................... .............. 1
4
4 ** 714 4214 1
Wickham, B everly Bogart, Louis J. Hauck, J. M . Hutton, W . H. Schmidlapp, C. P. T a ft, Louis Werk, Cincinnati, O.; A . Y . Gowen, Androw Squiro.
11*A P r1 1916 2 K % and 10% extra; July 1 1916, 4% and 10% oxtra’. ' In
1
7
1
1
191® 4% regular and 12)4% oxtra was paid. N o bonds. In April Cleveland, O.; C. E. Clark, Covington, ICy.: Goo. P. Toby, Henry Holig1916 was reported to havo $22,554,245 unfilled orders on hand.
man, Frederick Strauss, John Alvin Young, W. S. Cox, John W . Horbort.
Pres. W C Skinner; V .-P ’s, F . C. Nichols and S. M . Stone; Treas..
Wm. P . Phillips, N . Y . C ity; Geo. W . Crawford, Pittsburgh. Offico, Cin
H - I ’ onfloldi Sec.. A . L Ulrich. Offico, Hartford, Conn. N ew York cinnati, O.— (V . 104, p. 75. 365, 562.)
office, 233 Broadway.— (V . 103, p. 241, 1034, 2345; V. 104, p. 365.)
COM M ERCIAL C AB LE CO.— See Mackny Cos. and V . 88, p. 999.
C O L U M B IA C A S & E L E C T R IC C O .— (See M a p .) .— Incorporated in
COM
PH
West Virginia In Sept. 1906. and. In conjunction with the sub-companies (J. A J M ERCIAL UNION TE L E G R A Co.; CO.— Stock. $500,000. guar. 6%
.) by Postal Telegraph Cable
par of shares. $25.
« „ai?^d „,bel0M’
n
(compare V 103, p. 1324): (a) T h e gas business
C O M M O N W E A L T H ED ISO N CO.— O R G A N IZ A T IO N .— Incor. Sept.
in Cincinnati and In 13 municipalities in Hamilton County, Ohio, and
the electric buslnps In Cincinnati and 11 adjoining Ohio municipalities; 17 1907 as a consolidation, per plan V. 85, p. 162, 724. Franchises expire
(0) the electric-light and power business In 12, the gas business in 7 and the 1947. Controls tho entiro electric lighting and power business o f Chicago,
water-supply business In 3 communities on tho Kentucky side o f the Ohio sorving a population o f over 2,500,000. On March 24 1908 tho Chicago
C ity Council passed an ordinance providing that 3% annually o f the gross
R iver opposite Cincinnati; (c) a 66-mile system o f electric street railways
receipts during tho life o f tho franchise o f the old Commonwealth Electric
operating exclusively in Covington. Newport and other o f said Kentucky
municipalities and connecting tho same with Cincinnati; ( d ) a 183-inl/e Co. be paid to tho city, and providing that tho franchise bo extended to in
system o f pipe lines for natural gas, connecting (c) gas lands held by the clude all o f the subsidiary companies. Under a rate-regulating ordinance
company under leases, contracts, agreements, royalties, and the ownership passed by tho city o f Chicago N o v. 30 1913 tho maximum rates to be
In fee of 270,000 acres of land in Southwestern West Virginia and Eastern charged wero fixed to N o v. 30 1918.
Has nine generating stations and 48 sub-stations, and on Dec. 31 1915
Kentucky, with above-mentioned municipalities in Kentucky and Ohio
On this domain there have been drilled up to date 183 natural gas well* was supplying an equivalent o f 12,244,115 standard 16-candle-power lamps,
(with a daily initial open flow o f 145,000.000 cu. f t . ) . most or which are sup compared w ith 11,211,196 as o f Doc. 31 1914 and w ith 4,137,650 as o f
1908. It is supplying electric energy amounting to approximately
plying gas for use in Cincinnati. Salos in 1916, 18,251,852,000 cu ft
Also in June 1915 acquired in exchange for securities owned in East Ohio 228,000 h.p. to street and elovated railways and other public service cor
porations under contracts running from fiv e to 25 yoars. (V . 87, p. 1013
Gas Co. 51% o f the $9,000,000 stock o f the United Fuel Gas Co. See below
Col. Gas & El. Co. previously owned $85,000 pref. stock o f the Cincinnati V . 89, p. 350; V. 100, p. 730, 1351.) N o . o f customers, ai>out 320,000.
N ew port & Covington Light & Traction Co.
Holders o f tho $45,838,936 outstanding stock o f recodr Jan. 10 1917
were allowed to subscribe for 10% ($4,583,900) now stock at par. Subscrip
S T O C K .— Authorized and outstanding. $50,000,000. Shares $100
In July 1912 a syndicate with A . B. Leach & Co. at the head purchased a tions payable in four installments o f 25% each at Feb. 1, M a y 1, Aug. 1
*
m ajority interest. V 95. p. 178. Listed on Now Y ork, Cincinnati and and N ov. 1 1917. V. 104, p. 167.
Pittsburgh Stock Exchanges.
D IV ID E N D S .— 1907. 1908. ’09. 1910. 1911. 1912. 1913. 1914-Feb 1917
_ 8e° ful1 official statement made to N . Y . Stock Exchange in Sopt. 1916
Per cent
1 4' 5 «
6 6(Q-F) 0V
7
7H
8 (2% Q— F V . 103, p. 1304, giving description o f tho sovoral properties, tho in
Also 10% paid In stk. to holders o f rec. Oct. 4 1913. V. 97. p. 447?889.
come accounts and balance shoots o f tho various constituent companies
BONDS.— Additional Commonwealth 5s of 1908 are Issuable for not e x (
8i™llar for United Fuel Gas and Cincinnati Gas & Electric Co. were ceedlng 75% o f cost o f extensions and Improvements. Redeemable at 110
in V, 103, p. 1133, 1414.
o n 21 a,f,t
,Sr
1 1918\, v - 79, P- 214; V. 83. p. 326. V . 85. p. 163; V . 88.
, ^ 9 N I ?s _ : The company has an authorized Issue o f $25,000,000 1st M .
p. 55. 103; V . 90. p. 40: V . 100, p. 1351. 1440.
5% bonds, o f which $20,258,500 have been certified and issued, $6 770 000
REPO
Report year ending Dec. 31 1915. V. 102, p. 882.
wero retired to Jan. 1 1916, leaving outstanding $13,488,500, o f which'the Calendar R T .—Gross
Net
Bond
IUil. for
Dividnds
Union Gas A Elec. Co. owned $2,303,000. V. 93, p. 1467: V. 101 p 49
Year—
Earnings.
Income.
Interest.
Dicidends.
Paid.
The debentures of 1913 (authorized, $2,850,000; outstanding, $2,6i6.500
J91®......*20,882.327 $6,519,463 $1,890,000 $4,029,463 (8%)$3,667,110
were issued in connection with purchase o f substantially all the minority
1914------ 19.060.197 5,777.052 1.600.000 4.177.052 (8 % ) 3,534,652
stock and div. scrip o f Union Gas & Electric C o. V . 96, p. 1631, 170.
*
Pres., Samuel Insull. Offico, Chicago, III.— (V . 104, p. 167.)
INDUSTRIAL STOCKS AND BONDS
WATER
TOLEDO®
STREET RAILWAY OPERATION
J
GLENDALE ^
‘
CLEVELAND
r '—
o
Sandusky
LOCKANO
L READING
_
WYOMINL-,
Bowling Greon
C .„»
Warren o
31
MT. HEALTHY K
/ ^ L M W O O O ° SILVERT0N
Iv o ry d a le rfT r u B o n d Hill
< , G t ' u ue NIOT
,
)xOST.BERNARD Madisonville
0
/^NORWOODS vr
...
%
Westwood
S(
... „ A I
Id le w ild ^
Meadville
oChardon
w oodlaw nB
Oakley
&
Mercer
Youngstowno
0 Tiffin
Findlay0
Newcastle
l AY TON
Canton
CINCINNATI)!!!
^iELCgVUE^'
LUDLOWoSO
"^XScilamsvlllesM^r^d
❖ N nbromleSa
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•oostor
Mansfield
Lisbon
J e w p o r 't ')
n
f o r t Xt h o m a s
C O V IN G T O N
California
Carrollton o
anon o
Milldale.
PITTSBU R G H
O H IO
Erlauger
Bellefontaine
COMMUNITIES SURROUNDING CINCINNATI
COLUMBIA
Coshocton
Dolawareo
S E R V E D BY TH E
Wellsburg
SYSTEM
® WHEELING
COLUMBU
lanesvillj
SPRINGFIELD"p
Eaton
Dayton
Dudley
Xenia
MeConnelsville
o Washington
C. II.
Marietta,
c Athens
o Greensburg
'o Parkers'
Hillsboro
C I N C I N
Versailles °
C O V IN G T O N
LUDLOYT c p
Pomeroy
1
Weston
NATU
RAL G S SUPPLIEO
A
U ER CO
ND
NTRACT TO
M
AYSVILLE C S CO
A
.
Madison o
S C IO T O V IL L E
NEW BO STO N
‘ Warsaw
Williamstown
Gallipolis'
R IP L E Y ^
CLA^’
WHEELERSBURG
P O JR TS M O U T H
j?
M
V\YSV?LL; e
1
^-GREENUP’
Litton
RUSSELL^K
^^OLLAR?
.OUISVILLE
’cidti.ES;
KOONTZ
C ATLETTS BURGAS
KAVANAUGHi
■
FRANKFORT
° Summerville
l<fy-Bridge
-Mt.Storliug
o
LEXINGTON
Fayetteville
Lewisburgo
oBeckley
Canada0
Hinton0
Pikeville,
{Welch
Hindman
Somerset
o Clintwood
Tazewell
0 Bland
Floyd
«awAo*^« / l .
“ grand RAPJ.OS]
M I . C A hT
(\
T p ^ U V f a l o N . Y vA l b a n y |m a s s n
M
A P
O P
T H E
A^U^cn'DETROr
K # / ToK dO ,
®
PfORII
9 PR IN G FIE L0
A N D CO M PANIES IT CONTROLS
ST.LOUIS
A N D O PER ATES
REFERENCE
UNITED FUEL GAS COMPANY
Nas hville e
ICHPMI3
KNOXVILLE-
CINCINNATI GAS TRANSPORTATION CO.
RALEIGH
-----
CINCINNATI PROPERTIES
S. C AR ,
Radius Lines
5 0 Miles Apart
____________
PIPE LINES OF OTHER COMPANIES
C A TA O G ,
HT N O A
mmmmmmmmmm
______________
NATURAL GAS FIELDS
154
[For
INDUSTRIAL STOCKS AND RONDS
M I S C E L L /l N E O U S C O M P A N I E S
a b b r e v ia tio n s , d ie ., see n o te s o n f i r s t p a g e ]
Computing-TnbuIating-RecorilingCo— Stk (S 12,000.000 auth)
Sinking fund gold bonds callable at 105 _______ ___ _.Gz
Consolidated (ins IN V'1— Stock S I25,000,000. . . ________ _
Debentures $25,000,000 convertible beg. Feb. ‘ 18______ c*
Date
Bonds
1911
1915
B o n d s o f C o m p a n ie s C o n tr o lle d
XN Y Ed-N Y G A K I. H A P 1st M S 15.000,000 g .(J .c*A r
xPuroh money M S21,000.000 g sudj to call to Feo ’02-Ce.o*
xEdlson Elec III N Y 1st cons M 515,000.000 gold____(i.c*
XUnited Electric Light & Power 1st M 55 ,370.000..__ Un
sEquItable Gas Light cons (now 1st; M .Cel Assumed by )
» N Y & East River Gas 1st M g ____ .(i.c* > New Amst 1
■
xFlrst cons M (55.000,000* gold. ,C K .o *l
Gas Co. J
New Amsterdam first cons .V gold 52().000,000-Ce.xc* Ar
I
Central Union Gas guar p A 1 N Y A East R iver..C e.x c*
Standard Gas Light 1st M $1,500,000 gold______________zc
North Union Gas 1st M 51,500,000 gold not guar. Col.xc*
Westch Lighting con M 510,000,000 g ass (see text) Eq.xc*
First collateral trust 10-year bonds___________________ x
N Y & West L gen M 510,000,000 gold guar red (text).C ex
Debentures 52,500,000 gold guar prln & Int red at 110.x
N o r Westchester L tg Co 1st Cons $1,000,000 call 105..E.C*
Peekskill L tg & R R — Seo “ Electric R y . Section”
N Y & Queens El L & P 1st M $2,500,000 gold________Unx
N Y & Queens Gas Co 1st & gen M $1,000,000 red 110--xc*
1898
1899
1895
1894
1894
1895
1898
1897
1890
1897
1900
1909
1904
1904
1905
1900
1904
Amount
Outstanding
Par
Value
Rate
%
IVo l . 104.
When
Payable
Last Dividend
and Maturity
$100 $10,457,200 4 in 1916
Q— J Jan
J A J July
50U Ac
6.480,000
6 g
100 99,816.500 7 In 1916 Q-— M 15 M a r
Feb
500 &c 24.846.248
0
Q— F
1,000 15,000,000
1,000 20.929,884
1,000
2 188.000
4.841.500
1.000
1,000
3.50.1.000
1,000
3,500.000
1.000
1,500,000
1.000 Ac 10,635.000
1,000
3,500,000
1,195,000
1,000
1.250,000
1,000
1,000
8,488.000
580.000
1.000
1,000 10,000,000
2,500.000
1,000
1,000 ’ 643,000
1,000
C O M PU TIN G -TAB U L A T IN G-RECOR D l N (1 CO.— Incorporated In New
York In 1911 as an amalgamation, per plan In V. 93, p. 48 of
International Tim e-Recording Co., Tabulating Machine Co. and Com put
ing Scale Co. or America, Chicago, 111, S e eV . 4, p. 125-1-5. Th e Com put
ing Scale Co. o f America has outstanding $289,000 % collateral trust bonds
due Oct. 25 1921, red. at 105; int. A . & O. at Columbia Trust C o., N . Y .
D IV ID E N D S .— 1% paid April, July and Oct. 10. 1913; and in 1916 4%
was doclared, payablo 1% quarterly beginning A pril 10.
E A R N IN G S .— For 9 mos. to Sept. 30 and calendar years (V .103,p .1794):
Year—
1916.
1915.
1914.
$850,916
N e t (subsidiary companies’) _________$1,696,990 $1,042,634
N e t earnings....................................... 1,208,515
690,694
489,862
O F F IC E R S .— Chairm an, Hon. Geo. W . Fairchild; Pres., Thomas J.
Watson; V .-P ., Geo. W . Fairchild; Treas., A . DeBuys; Sec. & Asst. Treas.,
James S. Ogsbury.
D IR E C T O R S .— Geo. W . Fairchild (Chairm an), Thomas J. Watson
(Pres.), A lfred DoBuys, Charles R. Flint, Oscar L. Gubelinan, Samuel
M . Hastings, John W . Herbert, Clarenco P . K in g, Rollin S. W oodruff,
C . D . Smithers, Stacy C . Richmond, Geo. I . W ilber, Josoph E . Rogers
and A . Ward Ford. Office, 50 Broad St., N . Y — (V . 101. p. 1191.
1630, 1057, 1062, 1813; V . 103, p. 496, 1794.)
C O N SO LIDATED CAR H E A TIN G CO.— Supplies steam and hot wate
apparatus for heating railway trains and electric heaters for street oars. Ac.
V. 70. p. 232. Stock, $1,250,000: outstanding, $1,130,400: par, $100.
D IV S . f ” 03. '04. ’05. ’06. ’07. ’08-’09. ’ 10. ’ l l . ’ 12. '1 3 .’ 14. ’ 15. 1916
Percent-1 7
6
4
3
3
None 3 4 6 6 4
7 5
2 4 None
Pres., Claude C. N u ckols,413 N o .P e a rl S t..A lb a n y ,— (V . 101,p . 2147).
2,350,000
816,000
5
4
5
5
5
5
5
6
5
5
5
5
5
4
5
5
g
g
2
g
g
g
2
g
g
g
g
g
v
?
g
5 g
6g
P l a c e s W h e r e I n t e r e s t and
D i v id e n d s a re P a y a b le
10 ’ 17, 1%1 1941
Guaranty Trust Co, N Y
15 ’ 17 11 Office, 130 E 15th St
1
N a t ’l C ity Rank, N Y
1 1920
J A
F A
J A
J A
M A
J A
J A
J A
,1 A
M A
M A
J A
J A
J A
J A
J &
D Deo L 1948
A Feb 1 1949
J July l 1995
J July 1 1924
S Mch l 1932
J Jan 1 1944
J Jan 1 1945
J Jan 1 1948
J July 1 1927
N May 1930
N Nov 1 1927
D Deo 1 1950
D Dec 1 1920
J July 1 2004
,1 July 1 1954
D Juno 1 1955
Guaranty Trust Co, N Y
Central Trust Co, N Y
Guaranty Trust Co, N Y
1170 Broadway, A Y
Central Trust Co, N Y
Guaranty Trust Co, N Y
National City Rank. N Y
N ational C ity Bk, N Y
N a t C ity Bank, N Y
Bankers Trust Co, N Y
National C ity Bk, N Y
Equitable Trust Co,
Columbia Trust Co. N Y
Central Trust Co. N Y
do
do
N Y , Equitablo Trust Co
F
F
A Aug 1 1930
A Aug 1 1934
Union Trust Co, N Y
Lincoln T r Co, N Y
&
&
(4) S T A N D A R D GAS L IG H T CO.
Organized In 1886. Owns 160 miles of gas pipes north of 13th St., N . Y .
The Consolidated Gas Co. owns $4,796,200 of the $4,985,700 common and
$4,096,100 of the $4,295,700 preferred.
D IV S . ’ 98. ’99. ’00. ’01. ’02-’05.'06. ’07-’0 9 .’ 1 0 .’ l l . 1212 to June 1910Com. % . 8 5 0
2 6 y ’ ly 14s
0
2 4 3 yrly (1 X J& D )
Pref. % .
8 6 2 IS 6
6 y ’ ly 6
6
6 6 6 yrly (3
J&D)
For year ending Doc. 31 1915, gross, $1,686,509; not, $92,326; other in
come, $496,504; interest, &c., $79,819; pref. div. (6 % ), $257,742; com. divs.
(3 % ), $149,571; bal., sur., $101,697. In 1914, gross, $1,769,400.
O ffice, Third A ve. and 49th St., N . Y . — (V . 94, p. 1630; V. 100, p. 1253.)
(5> U N IT E D E L E C T R IC L IG H T A P O W E R CO.
Stock, $5,318,434 (o f which $1,642,238 prof.), mostly owned.— (V . 80.
1856; V . 87. p. 1535; V . 98. p. 1529; V . 100. p. 1253; V. 103. p. 1090.
(6) C E N T R A L U N IO N GAS GO.— (V . 98. p. 1529; V . 100, p. 1253.)
(7) N O R T H E R N U N IO N G AS GO.— (V . 98. p. 1529; V . 100 p. 1253.)
(8) W E S T C H E S T E R L IG H T IN G CO. (N . Y . & Westchester Light Co.)
— Supplies gas and electricity in Westchester County north of New York
C ity. Sec V. 71, p. 1023, 1175. The Consol. Gas Co. owns the $12,500,000
capital stock. See V . 79, p. 160, 217, 504, 1706. In 1909 permission was
obtained to purchase the $804,000 Northern Westchester Lighting Co. stock,
all the $500,000 Peekskill Lighting & R R . common stock and 50% o f the
pref. stock. V . 87, p. 617; V . 89. p. 108, 1486; V. 96, p. 731.
B O N D S .— N . Y . & Westchester Lighting Gon. M tgo. bonds o f 1904.
subject to call at par and Int. V. 79, p. 1706, 1957. Th ey aro guaranteed,
prln. and Int., by the Consolidated Gas C o., as aro also the $2,500,000 o f
5% dobs. V. 88, p. 1623; V. 92, p. 123, 265; V. 98, p. 389. Th e under
lying bonds not shown In the table abovo (YVestchostor 5s being resorvod
to retire N . Y . & Suburban 5s) aro:
CO N SO LIDATED GAS OF NEW Y O R K .— This company was organized
N ov. 11 1884 as a consolidation, and In 1899-00 secured control of all the
other gas companies and of all the electric-lighting properties In Vfanhattan,
N . Y . City. V. 78. o. 105. 1964: V. 79. p. 105, 629: V. 83, p. 1414; V. 84.
p. 219; V. 86, p. 282; V. 92, p. 257; V. 97. p. 240, 301. Stock holdings
Bonds (V . 81, p. 1609)—
Interest. Outstanding. Maturity.
Dec. 31 1914, V. 100, p. 1252. Franehlso taxation. V . 102, p. 253.
New York A Suburban Gas 1st M .l 5 g M A Sxa$322.000
Mch. 11949
In 1906 a law was passed reducing the price In N . Y . City to 80 cents
g. guar, p A 1 by Am Gas Co_JSubJ to call at lOSAlnt since Mch
.
1 '09
per 1,000 cubic ft., beginning May 1 1906, except In outlying districts.
Hudson R iver Gas A Elec 1st M ____ 5 M A Nz
1)250,000
May 11929
V. 82. p 572. 807. o ;u : v . 90. p. 301. In Jan. 1909 the U. S. Supreme
White Plains Lighting 1st M _____ 5 J & D z
335,000 June 1 1938
Court hold 80-cent feature o f law to bo valid until given a fair trial. V . 88,
(a) V. 68, p. 474; V. 70. p. 844. (b) V . 68. p. 824: V. 70. p. 844.
p. 103, 161, 233, 292, 297, 378. 689; V . 90, p. 301. Th e subsidiary N . Y .
Statement for year ending Dec. 31 1914, with bal. sheet. In V.100.. p.1346.
Edison Co. has reduced Its ratio for electricity from 8 cts. por k.w.h. to showed, gross, $3,073,675; net, $915,400: other Income. $56,441; charges.
7 4 cts. from Jan. 1 to July 1 1916, thereafter 7 % . V. 103, p. 1985.
$1,130,618: bal.. dof., $164,770.— (V . 1Q0, p. 1173, 1346.)
D IV S . (% ) / ’05. *06. ’07-’09. ’ 10. 1911 to 1914. m 5 . '16 1916.
(8a) N O R T H E R N YV E ST C H E ST E R (N . Y .) L I G H T I N G CO.— Or
5 4 y ’ly 4 4
6 yearly
64
7 14
Since 1904 ____l 8 4
ganization.— Incorporated In N ew Y ork M a y 1905 as a consolidation of
In June and Sept., 1915, 1 4 % and 4 % extra; Dec., straight 1 4 % .
companies operating In Ossining, Croton, B riarcliff M anor, &c., in YVcstS T O C K , &c.— In 1914 the authorized Issue was Increased to $125,000,000 choster County, N . Y . (V . 81, p. 268). The entire capital stock, $804,000
to provide for conversion o f $25,000,000 debs. V. 78, p. 1964; V. 98,p. 1463. is owned by tlio YVestchester Lighting Co.
Stockholders M a y 24 1914 authorized $25,000,000 5-yr. 6% debentures
B O N D S .— Authorized 1st consols., $1,000,000; balance unissued con
convertible into stock at par on any interest day beginning three years from served for additions, &c.— V. 89, p. i486.
date. V. 98, p. 1540, 1463, 1610; V . 99, p. 1751, 1600, 1676; V. 100, p.
(9)
NEYV Y O R K & Q U E E N S E L E C T R IC L I G H T & P O W E R C O .—
312, 904.
R E P O R T .— Year ending Dec. 31 1916, in V. 104, p. 359, showed: N et Supplies Borough o f Queens outside o f Itockaway. Seo V. 72, p. 1039.
The Consolidated Gas Co. owned Dec. 31 1914 $1,010,000 common and
ncomo, $10,147,620, against $10,222,603 In 1915 (Including In 1916 $1,130,
646 Astoria L ight, H eat & P. Co. surplus earnings), $6,930,108 incom ofrom $797,300 pref. stock; outstanding, $1,250,000 each. V. 96, p. 1492.
other invostmonts, int., $1,493,156 divs., (7 % ) $6,987,155; bal., sur., D lv. on pref.. 2 ^ % . paid Dec. 1 1904; 1907 to 1911. 5% : 1911, 4 > i% ;
1912 to Dec. 1916. 1% Q .-M . V. 92. p. 1439.
$1.667,309.— V . 80. p. 1854. 1858. 1910.
Short-term notes outstanding Dec. 31 1915, $1,100,000.
O F F IC E R S .— Pres., George B. Cortelyou; V .-P s., W alter R . Addlcks,
Lew is B. G aw try and Robert A . Cartor; Sec., R . A . Carter Sr.; Troas.,
E A R N IN G S .— For cal. year 1915, gross, $1,450,723, against $1,247,145
O. G. M . Thomas; Asst. Soc., H . M . Brundage and F. R . Barnitz; Asst.
Treas., Bonj. W hitely. Trustees, II. E. G aw try, John W . Sterling, In 1914; net, $603,448, against $523,486; Interest charges, $243,733; pref.
W . Rockefeller, Geo. F. Baker, F. A . Vandorlip, Samuel Sloan, Moses divs. (4 % ), $50,000; balanco, surplus, $309,715.— (V . 100, p. 1253.)
T a ylor, W . I i. Addlcks, Donald G. Geddos, N . F. Brady, Geo. B. Cortel
(10)
NEYV Y O R K & Q U E E N S G AS C O .— Supplies Flushing, College
you, W alter P . Bliss and Louis M . Groor. Office, 4 Irvin g Place.— (V . 102, Point, YVhitestono and Bayslde, N . Y . Stock, $600,000. In M a y 1913
p. 253, 434: V . 103, p. 1689; V. 104, p. 359.)
the Consolidated Gas Co. obtained authority to purchase a m ajority of the
C O N T R O L L E D C O M P A N IE S .— U l N E W A M S T E R D A M GAS.
stock and also the remainder at the same price. V. 96, p. 1493. For cal.
Incorporated N ov. 1 1897 and consolidated N . Y . & East River and year 1915, gross, $249,313; not, $78,139; other Incomo, $420; Interest, &c.,
Eq. Gas Light per plan V . 66, p. 133.
$48,027; bal., sur., $30,532. Pros. & Treas., II. L. Snyder; Sec. & M gr.,
S E C U R IT IE S .— The stock authorized is $13,000,000 of common stock; H . M . Spear. Office, 88 M ain St., Flushing, N . Y . — (V . 100, p. 1597.)
$10,000,000 of 5% preferred, cumulative after N ov. I 1900. New consol.
C O N S O L . G A S CO. O F P I T T S .— See " E L R y . Soc.” and V . 102, p. 1989.
6s for $365,000. preferred stock $1,(MX).000 and common $835,000 In Jan
1916 were In treasury available for future needs. Par o f shares $100. Thr
C O N S O L ID A T E D G A S E L E C T R IC L I O U T & P O W E R C O ., B A L T I
Consolidated Gas Co. owns $12,154,592 common and $8,991,476 preferred
M O R E .— O R G A N IZ A T IO N .— Incorp. Feb. 14 1905. V . 82. p. 1441. Has
Stock. V 70. p. 897. 948 1052. 1197. 1252: V. 80. p. 1855. 2224.
YVater &
It con
Y ea r ’ 15. gross. $2,817,766: loss after charges, $14,283.— V . 100, p. 1252. an arrangement with the Pennsylvania company Power C o. wherebyvicinity
trols the entire power supply o f that
In Baltimore and
(2) N E W Y O R K ED ISO N C O M P A N Y .
excepting an amount reserved for the local traction company. V. 84, p.
Organized May 23 1901 ns a consolidation of the N . Y . Gas A Eleo. Light, 627; V. 85, p. 163; V. 90, p. 377, 1557; V . 91. p. 468. 947; V. 92, p. 464,
Heat & Power Co. and the Edison Eleo. Ilium. Co. of N . V. Owns large
1241. On Juno 1 1912 leased the electric business o f the Baltimore County
power plant located on 1st A ve., between 38th and 39th streets. V. 69, YVater & Electric Co. V. 94, p. 1386. Friends o f the company In 1915
p. 704: V. 68. o. 1025; V. 70. p. 283. 482: V. 80. p. 1915; V. 84, p. 219. Stock acquired a large luterest lu the Un. Rys.& Klec.Co.of Balt. V.100, p. 982.
outstanding, $65,953,717, o f which $55,943,400 ownod by Consol. Gas Co.
In 1907 96% o f the $2,500,000 Baltim ore Elec. Co. common stock was
V . 90, p. 562, 773: V. 91, p. 1516; V. 92, p. 191; V. 97, p. 301, 448, 1464. acquired, the property being leased for 999 years from N o v. 20 1907 at a
Quarterly dividends of \ \ i% were paid from Fob. 1907 to Dec. 1914, both rental providing for Interest on tho $3,721,000 5% bonds and dividends on
Inclusive. In March 1915 the rato was Increased to a 7% basis ( l % %
the $1,000,000 6% pref. stock. V .8 5 , p. 1341: V. 86, p. 112. In Jan. 1907
quarterly), paid to Dec. 1916. V . 100, p. 1353, 900, 984; V . 92, p. 1377.
purchased the entire stock o f tho Roland Park Electric & YVater C o. and
BO NDS.— The first 5s of 1898 ($15,000,000) were secured by a first Hen guarantees Its 1st M . 5% bonds. V. 91, p. 721.
The company's operations extend throughout tho C ity o f Baltimore and
on the company’s power plant and other property owned and pledge of vari
ous securities; list see V . 68, p. 773, 824, 1025; V. 70. p. 268. The 4s of 1899 Into Baltimore County, Anno Arundel Co. and Howard Co. Gas was re
are secured by a purchase-money lien on the former Edison Eleo. Ilium, duced from 80c. to 75c. on Jan. 1 1916. V . 101. p.215; V. 102, p. 253.
On April 1 1910 laws were signed repealing monopoly Acts. V. 90, p. 979.
property, subject to bonds of 1890 and 1895 and by a second tntge. Hen
on the remaining property. V. 72, p. 939, 1038; V. 81. p. 35. Real estate
S T O C K .— All of tho $4,103,754 6% pref. stock is to bo paid o ff at 120 on
mortgages. $642,512.
A pril 1 1917. Tota l stock authorized, $30,000,000; reserved for conversion
R E P O R T for year ending Dec. 31 1915 showed: Gross, $22,546,068; net. o f $8,500,000 convertible notes o f 1916, $7,727,300. Seo below and V.
103, p. 1595.
after taxes, &c., $11,338,868; non-oper. Income, $1,554,429; charges,
$3,632,564: divs. ( 6 ^ % ) , $4,451,854; bal.. snr., $4,808,878. In 1914,
D IV S .—
11910. 1911. 1912. 1913. 1014. 1015. 1916.
1917.
gross, $23,538,342: net. after charges, $9,723,935; divs. (6 % ), $3,009,204
On common
%\ 4
4M
5
5M
6 i(
7
7 1% quar.
bal., sur., $6,003,731. Pros., Nicholas F. Brady.— (V . 98. p. 1531; V. 99<
C O N V E R T IB L E N O T E S .— Common shareholders o f record Oct. 13
p. 411, 820. 1371; V. 100, p. 905. 984, 1254; V . 103, p. 1690, 1985.)
were given (V . 103, p. 1213 ) tho right to subscribe at par on or before
(3) N E W Y O R K M U T U A L GAS L IG H T CO.
N ov. 15 for $8,500,000 5% 5-year convertible debentures in amounts equal
Incorp. in N . Y . In 1866 under special charter. Stock, $3,436,600, S I.. to 60% o f common stock hold. Tho proceeds will bo used to provide for
886,200 held by Cons. Gas C o. Par $100. Favorable doclslon, V .95,p .1687. improvements and additions, and obligations incurred therefor, and also to
pay o ff at 120 all the $4,103,754 6% prof, stock. Tho notes, dated N ov. 15
D IV ’S.—
f’98. '99. '00. ’01-’0 5 .’06. ’07>’ 10.’ l l . ’ 12.’ 13-16. 1917.
1916 and due N ov. 15 1921, will bo convertible at option o f holders after
Since ’97 (J .A J .)l 8
7 30 9 y ’ ly 7
6 y ’ ly
8 24 9 yrly
4
In July 1912 paid extra dividend of 14% to bring dividends tor 5 years N ov. 15 1918 Into common stock at $110 per share. Also subject to call by
tho company, all or any part, tho notes on any interest date, on or after
ending Dec. 31 1910 to an average of 9% yearly. V. 95. p. 115.
For cal. year 1915. gross, $1,402,013; not Incomo, $415,306; Interest, M a y 15 1919 at 10113% o f par and hit., on 60 days' notlco, but If so called
$16,192; divs. (9 % ), $309,294; bal., sur., $89,829. In 1914, gross, S I .- may bo converted h vo common stock up to 30 days prior to date o f rodomption. V . 104, p. 666.
520,967; not Income, $294,430. V. 97. p. 608; V. 100, p. 1253.
F e b ., 1917.]
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A NEO US C O M P A N IE S
[F or abbreviations, & c., see notes on first page]
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
155
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
_
Cons Ons Elec Lt < Power of Balt— Common s to c k ._ Co(5a
£
Pref stock 6% cum to bo redeemed at 120 April 1 1917.. B a
Deb stock $69,000,000 auth red 110 (see te x t)_______ FBa.x
Genera Imortarace 815,000.000gold (V . 103, p .2240) CoBa x e '
Convertible gold notes callable from M a y 15 1919 at 101 H
United Electric first corisol mtge $4,500,000 gold .MBa.xc*
Consol Gas consol 1st M g (closed)___________ M eBa.zc*
Consolidated Gas General (closed) M gold (text)-F B a .x c*
Baltimore Electric M $7,500,000 g red 110 gu p & 1 8 f.x c*
Preferred stock 5% guaranteed __
_
Pub Ser Big Co 1st M $900,000 g gu p & 1re d l0 5 x c *.--BBa
I’ ref stock 0% cum guar$700.000_____ ___________________
Roland Park Elec ft Water Co 1st M S400.000 g gu p & L x
Consolidation Coal— Stock authorized $45,000,000...... .........
First rntge $750,000 gold s f redeem each Jan at 105.Usx
Refunding mtge 57.500,000 auth gold s f red 105 (].xc*& r
Fairmont Coal 1st M gold sinking fund assumed____(i.zc*
1st Ac R ef ,\ $40,000,000 g auth red 107 H s L .O . x c '& r *
r
C ollat tr gold bonds $0,500,000 convert red. Eqxc*&r*
C o n tin e n ta l C an Co— Common stock 510,000,000----------P re f stock (a & d) 7% cum $7,500,000 red 125................ ..
C o n tin e n ta l IF ire ) In su ran ce Co— Stock-------------------C o n tin e n ta l M otors C orp— P re f (a & d) stk 7 % cum s f text
(T h e ) C o n tin e n ta l O il Co— Stock $3,000,000-----------------
$100 $14,385,734 See text
Q— J Jan 2 1917 1H Checks mailed
100
3,341,451 6 lu 1916 A ft o Oct 2 1916 3% T o be red A pril 1 1917
See “ b”
M & N Perpetual
5
Checks mailed
1905
1..000 a 13,845,000
4 H g J A .1 Feb 14 1935
New York, Balt and Lon
106 &c
1916
8,500,000
M & N N o v 15 1921
5g
1,000
1899
4,428.000
4 Vi g M & N May 1 1929
Alex Brown ft Sons, Balt
1,000
1889
3,400.000
,r & .1 July 1 1939
5 g
Farm & Merch Bk, Balt
1,000
1904
8,100,000
4 3^ g A & () A pr 11954
Fidelity Trust Co, Balt
1,000
1907
3,791,000
J & D J u n el 1947
5g
Northern Trust Co, Phila
50
1,000,000
J ft J Jan 1 1917 2 Y- Checks mailed
5
500 &c
800.000
1915
F & A Aug 11940
5g
M erc T r & Dep C o, Balt
100
600,000
6
Q— F Feb 1 1917 1 y2
1907
1.000
F ft A Feb 1 1937
300.000
5 g
Continental T r Co. Balto
100
See text 6 In 1916 Q— J
See text
Guarani* Trust Co, N Y
1897
1,000
193,000
4M g J & J Jan 1 1922
U S Mtge <c T r Co. N Y
5
1904
1,000
4.752.000
4 H g M & N May 1 1934
Guaranty Trust Co, N Y
1901
1,000
4,809.000
J ft J July 1 1931
5 g
U S Mtge ft T r Co, N Y
1910
1.000 11,403,000
5 g
J & D Dec 1 1950
Guaranty Trust Co, N Y
1913
500 &c
6.500,000 „
F & A Feb 1 1923
6g
Equitable Trust Co. N Y
100
8.000,000 5 In 1916 Seo text Jan 1 ’ 1 7 ,1 % % Checks mailed
100
5.005,000 7 In 1916 Q— J Jan 1917 154%
do
•
25 10,000,000 See text J &
J Jan 1917
6% Central Trust Co
100
3,500,000
N ew
Q— J 15
N ew
0
100
3.000,000 12% 1916 Q— M D ec 16 '16. 3% Checks mailed
a The remaining $1,155,000 Is pledged under Baltimore Ele c C o 5s closing t he Issue ($1 5,000,00 0).
b In Dee. 1910 the $3,100.423 5% debenture stock formerly held abroad w as wholly or mostly r etired an d replaced with
Gen M tg e 4 ^ s . V . 103. p . 2240.
B O N D S , &c.— A s to tho $15,000,000 Gen. M . 4 H s, seo tablo and V . 103,
p. 2158; V. 80, p. 1731, 714. 1481; V. 88, p. 233; V. 91, p. 41, 1632; V . 92,
p. 1376 .1502, 1568; V. 93. p. 1791; V. 96, p. 1704; V. 98, p. 239.
Tho stockholders on A pril 25 1913 authorized the Issuance, secured by
trust deed, o f $60,000,000 debenture stock to bear not over 5% interest,
redeemable at 110 and Int. on 3 mos. notice; $3,999,995 was issued but
$889,573 thereof was converted into common stock prior to July 1 1916,
and in Dec. 1916 tho remainder, formerly held abroad, had been mostly
retired and replaced by Gen. M tg e. 4>£s o f 1908. V. 103, p. 2240. 764- V
98, p. 841. 1159.
O f the 50-year Gen. 4H s o f 1904 o f Consol. Gas C o., $6,100,000 have been
Issued, Fidelity Trust C o., trustee. N o further bonds can bo Issued except
to retire the 5s due 1939. V. 78. . 1964, 2014, 2387; V. 79, p. 1643; V . 88
p. 103; V . 90. p. 1173, 1493; V. 91. p. 41; V . 96. p. 363, 491, 718. 949:
V . 99. p. 1050.
Tho Baltimore Electric Co. 5s ($7,500,000 authorized Issue; Northern
Trust Co. o f Phila., trustee) are secured by a lion on tho proporty and
$1,155,000 Consol. Gas E l. L . & P . Co. gon. 4J^s; $3,550,000 aro reserved
for extensions at 80% o f cost. V . 85, p.598, 1271, 1340; V . 87, p. 741.
Tho Public Sorvlce Building C o. has erected an 18-story building which
Is leased to tho Consolidated Co. for 25 yoars under an annual charge
sufficient to pay Int. and sink, fund on the bonds, divs. and sink, funds on
the pref. stock, oper. exp., taxes, maintenance, &c. There have been
sold 3800,000 1st M . 5s, $600,000 pref. stock and $400,000 common stock.
See V. 101, p. 1017; V. 103. p. 764.
R E P O R T .— Y ea r end. June 30 1916, V . 103, p. 753, 763; 6 mos. to Dec. 31.
Fiscal
Gross
Net (after
Fixed
Pref.Dio. Com.Dio. Balance,
Year— Earnings. Taxes).
Charges.
(6 % ).
(7 % ).
Surplus.
1915-16-..$7,431,769 $3,583,093 $1,580,058 $246,225 $885,578 $871,831
1914- 1 5 ... 6,789,402 3,212,819 1,640,341 262,848 801,781 507.829
6 Mos. end. Dec. 31—
1916 _ $4,062,670 $1,944,218
_
$769,040 $119,854 $503,500 $551,823
826,210
123,114 402,221 424.558
1915 ----- 3.592,037 1,776.1"3
N et surplus for year 1915-16, after deducting depreciation, &c., re
serves. was $97,831.
O F F IC E R S .— Chairman, .T. E. Aldred; Pres., Herbert A . Wagner; V .-P s.
Chas. M . Cohn and Chas. E. F. Clarke; Sec., W m . Schmidt Jr.; Troas.,
John 1.. Bailey. Office, Lexington and Liberty Sts., Baltimore.
(New
directors, in 1915, V. 101, p. 1191.)— (V . 104, p. 455. 562.)
C O N S O L ID A T E D IN T E R S T A T E — C A L L A H A N M IN IN G
C O .—
O R G A N IZ A T IO N .— Organized in Arizona June 12 1912, and is ongaged
in mining and milling zinc and lead ores in Shoshone County, Idaho. Stock
auth., $5,000,000, in $10 shares. Listed on N . Y . Stock Exchange In July
1916; seo full statement in V. 103, p. 249. Report for year 1915-16 in
V. 104, j). 662. l ’ res., John A . Percival. N . Y . office, 61 Broadway.—
(V . 103, p. 236, 246, 496; V. 104, p. 662.
C O N SO LIDATIO N C OAL CO. M D.— Ino. In Md. 1860. V. 82. p. 1043.
Owns 296.754 acres of land in Maryland, W est Virginia, Kentucky and
Pennsylvania. V. 88, p. 1256, 1375. Also owns m ajority stock of North
western Fuel Co., owning large docks at Washburn, Green Bay and Super'oi
and yards at St. Paul and Minneapolis. Owns about $1,332,240 o f the 82,
660.000 capital stock o f Metropolitan Coal Co. o f Boston. V . 103, p. 2431;
V. 78, p. 1271: V. 79, p. 502: V. 88. p. 1200; V. 95. p. 683.
.
Coal mined In 1915, including subsidiaries, 10.466,414 gross tons and
428,100 gross tons mined by lessees. Owns $1,500,000 stock o f Cumber
land & Penn. R R . and guarantees Its $1,000,000 bonds.
As to allied Elk Horn Fuel C o., see that co. below.
S T O C K .— In Jan. 1917 tho authorized capital stock was increased from
$39,190,500 ($33,443,000 then outstanding) to $45,000,000. On Feb. 1
1917 tho holders o f tho $7,000,000 2-year debentures then duo aro supposed
to have converted tho same at par and two years’ interest at 7% In all
$7,980,000, into capital stock. These debentures were held by tho Rocke
feller interests and the conversion is understood to have given them a
m ajority o f tho outstanding stock. V . 104, p. 365.
C A S n D IV S . ( % ) — f ’05. *06. ’ 07. ’08 .'0 9 ’ 10 t o ’ 16.
1917.
Since 1903, regular . . ( 6
6
6
6 6
6 yly .
1J^. — __ —
Extra In January---- 16
2
2
2 60 stk 0
Jan 5% in stock
In 1909 Issued $0,150,000 stock as a 60% dlv. V. 88, p. 750, 1250,1375.
B O N D S .— Tho "1st & ref.” M . 5% bds. (seo V . 91, p. 1514,1330, 1256;
V. 92, p. 464; V. 94. p. 1053, 1059; V. 95. p. 621; V. 96, p. 949, 1705) are a
first lien on 196.754 acres o f coal lands or rights (incl. the 100,000 acres pur
chased N ov. 1910) and a general lien, subject to about $11,000,000 prlcr
bonds, on the remaining property, about 111,40-4 acres, and on other
tangible assets. Including mining plant, tugs, barges, coal cars, securities,
Ac., aggregating $21,469,075. Sinking fund, 2c. per ton mined In tlrst
5 years, then 3o. for 15 years, 4o. for 10 years and 5o. for remaining 10
yrs. Depreciation charge of 2 lie. per ton, Ac., also charged agst. operation.
Purposes for which $20,693,000 Unissued Bonds M a g be Used.
Reserved to retire prior lien bonds (see table at head of p a ge)_ $9,754,000
_
issuable at not. less than par for not exceeding actual cost of Im
provements of Klkhorn field of 100.000 acres......................... 2 ,2 1 7 ,0 0 0
Issuable for 7 5 % of cost of tmpr’ts or additional coal lands ____ 8 ,7 2 2 .0 0 0
The $6,500,000 10-yr. 6% gold bonds dated Fob. 1 1903 aro secured by
deposit of $6,.>00.000 1st & ref. 40-yr. bonds, $1,800,000 Northwestern
Fuel Co. (o f W Isconsln) common stock and $500,000 Metropolitan Coal Co.
(o f Massachusetts) common stock. Th ey will be convertible into common
stock at 8105 per share up to Feb. 1 1922 (except that in case of redemption
In whole or part at 105 on*Feb. 1 1916 or any Int. day thereafter conver
sion right will ceaso 30 days prior to redemption.) Tho company may at any
time deposit In lieu o f tho shares named "1st A re f." M . 5% bonds equal to
111 1-9% of the par value o f the shares withdrawn, or on any after Feb. 1
1916 withdraw said shares at 80% o f par in cash for uso In redeeming the
bonds at 105%. V. 96, p. 363, 421, 491, 556, 792; V. 98, p. 997.
R E P O R T .— For 1916, V. 101, p. 167, Inch subsidiaries.
Year.
Gross.
Net.
Chgs.,&c. Bal.forDio. D ivs.(6 % ) Bal..Sur.
1016_____________ $6,148,982 $2,117,349 $4,031,633 $1,500,00012,531,033
1915--$15,017,968 4,004,798 1,469,118 2,535,681 1,500.000 1,035,681
1914._ 14,828,980 3,392,645 1,382,913 2,009,732 1,500,000
509,732
Chairman of Board, Clarence W . Watson; Pros., J. ir. Whoehvright.—
V. 103, p. 2431; V. 104 p. 167, 365.)
C O N SU M E R S PO W E R CO. (O F M A IN E ), M I C H — Soo " E L R y Sec.”
C O N SU M E R S' P O W E R C O. (M IN N .)— Soo Northorn States Power Co.
C O N T IN E N T A L C A N C O .— O R G A N IZ A T IO N .— i D c o r p . In N . Y .
Jan. 17 1913. In Feb. 1917 was operating “ 23 up-to-date mills” at Syra
cuse. N . Y ., Baltimore, Chicago and Canonsburg, Pa. V . 95, p. 1610;
V . 96. p. 363; V . 104, p. 555.
1
S T O C K .— Th e preferred Is callable . all or part, at 125 and accrued
dlv., also, beginning In 1915. for annual sink. fd. o f 3% o f Issue, payable
out of surplus profits. The pref. has no vote for directors unless 4 quarterly
divs. are in default. In which case the election Is vested exclusively In the
pref. until all the defaults have been made good. N o mtge. or Increase
In pref. stock without consent o f 75% o f each class o f stock. Dividend on
pref. from organization to July 1916. incl., \ % % quar. (7% per annum).
On common Oct. 1 1915 to Jan. 2 1917, incl., 5% p. a. (1 M % Q.-J.).
R E P O R T .— Report for year ending Dec. 31 1916 In V . 104, p. 555:
Cal. Year—
Net.
Deprec.
Pref. Divs.
Com. Divs.
Surplus.
1916--------- $2,466,665 $323,111 (7%)$353,237 (5%)$400,000 $1,390,317
1915--------- 1,457,965 132,126 (7 % ) 361,725 (2V4) 200,000
764,114
O ffice, Syracuse. N . Y . — (V . 100. p. 472, 1921; V . 101, p. 848: V . 102,
p. 520; V . 104, p. 555.)
C O N T IN E N T A L F IR E IN S U R A N C E C O ., N. Y .— Stock listed on
N . Y . Stock Exchange In Fob. 19i6. In Jan. 1916 (a) the authorized issue
was increased from $2,000,000 to $10,000,000; (6) tho par value o f shares
was changed from $100 to $25 each; (c) $7,000,000 o f tho now stock paid
for out o f surplus, was distributed Jan. 10 as a stock dividend; and (d)
$1,000,000 new stock was offorod to stockholders for subscription at par.
Cash divs., 1909 to Jan. 1916, 50% per annum; 1916, July, 5% ; 1917,
Jan., 6 % .— (V . 102, p. 156, 611; V . 104, p. 167.)
r C O N T IN E N T A L M O T O R S C O R P .— O R G A N IZ A T IO N .— Incorp. in
Virginia In Jan. 1917 (seo V . 104, p. 259), and took over business and plants
at Detroit and Muskegon, M icb., o f Continental M otors C o., makers of
"C ontin ental" gasolcno motors. Estimated output year ending Oct. 31
1917, 160.000 motors. Common stock auth., $15,000,000; par, $10; out
standing Jan. 1917, $14,522,580. Pref. stock (offered by W illiam P. Bonbright & Co. and Lee, Hlgglnson & Co.) is callable in 1920 as a whole at
104 and dlv., Increasing 1% yearly to 110 in 1926 and thereafter. Sinking
fund equal to 20% o f net profits remaining after pref. dividend will accumu
late until entire Issue can bo called. N o bonds.
N e t earnings, after depreciation, for year ended Oct. 31 1916, $2,440,293;
average for fiv e years to June 30 1916 on much smaller capacity, $1,028,546.
Pres., Benj. F. Tobin, Detroit; Vice-Presidents, R . W . Judson and I I . J.
Warner; Sec. & Treas., A . H . Zimmerman.— (V . 104, p. 259.)
(T H E ) C O N T IN E N T A L O IL C O .— O R G A N IZ A T IO N . &c.— Incorp. In
Colorado April 1913 as successor o f the Iowa company o f the same name,
each share o f stock receiving ten times the amount in new stock. V . 96
p. 492, 1091, 1158. Formerly controlled by Standard OH Co. o f N . J., but
segregatedln 1911. Seo Standard Oil Co. o f N . J., V. 85. p. 216. 790: v . 93,
. 1390. Stock, $3,000,000; par, $100. Dividends paid Sept. 1913 to
ec. 16 1916. 12% (3% Q .-M .).
Pros., E. T . AVilson; Treas., C . E.
Strong. Office, Denver, Colo.— (V . 97, p. 447.)
&
C O P P E R R A N G E CO. O F M IC H .— (V . 104, p. 666.)
CORN PRODUCTS R E F IN IN Q CO.— O R G A N IZ A T IO N .— Incorp. Feb.0
1901 per plan V. 82. n. 103. 1321 • V. 85 n 527- v . R n 1412- v 87 p 42;
f>
V . 96, p. 996: V . 90, p. 845. Status Dec. 1916 and report 1906 to 1916,
V . 103, n. 2337.
N ew plant completed A pril 1910,15 m. from Chicago, capacity 60.000 bu.
daily; second unit let Feb. 1911. V. 84. p. 696: V. 87, p. 938; V . 88. p.
628, 1623; V. 90. p. 845; V . 92, p. 465, 883; V . 98. p. 915. In Juno 1916
tho U. S. Dlst. Court in N . Y . held tho company to have violated the Sher
man Anti-Trust Law and ordered the filin g o f a dissolution plan within 120
days. Appeal taken to U . S. Supreme Court. V. 103, p. 13, 63. 1689,
1891, 2345.
S T O C K .— I t is proposod to roduco tho stock. N o plan arranged to Oct.
1916. V . 103, p. 63. V. 98. p. 1002; V. 100. p. 1170.
P R E F . D IV S .—
1906.’07. ’08-T1. 1912. T 3 . T 4 . T 5 . TG.
1917.
Regular ( % ) --------------- 2 7 4 yrly. abt. 6 5
5 5
5 1% quar.
Extra ( % ) - ..................
__
1 y r l y . ___ --In Jan. 1917 paid 1 % % (quar.) and 5% on accumulations, leaving unpaid
14 1-6%. V . 103, p. 2345, 2337.
BONDS.— Of the N . Y . Glucose 6s, 4% of each bond ($40) Is rctlrable
Sept. 1 yearly beginning 1902, but they are not sub. to call. V . 74, p. 1086.
The 1st 25-year 5s of 1909 ($10,000,000 auth. Issue) are secured by a first
lien on all the property of the company and Its subsidiaries now owned or
hereafter acquired (except certain real estate In Chicago), subject only to
N . Y . Glucose 1st 6s. Annual sinking fund o f 2% o f total at any tim e
Issued may be used to draw bonds at 105 and Int. O f tho bonds $5,870,000
have been sold. $1,989,000 wore reserved to retlro debentures and remainder
to retire $2,026,720 underlying bonds and for improvements. V. 88. D.
1064. 1256, 1439; V. 90. p. 845. 846: V. 93. p. 348.
E A R N IN G S .— 9 months ending Sept. 30 (V . 103, p. 1595):
1916.
1915.
|
1916.
1915.
Curr't prof its. $4,989,581 $3,111,267 P f. divs. (3 *4) -$1,118,509 $1,118,509
Bd.int.,depr.&c. 254,731 1,177,462|Balancc, surp. 2,616,341
815,295
R E P O R T .— For year 1915, V . 102, p.972; 1916, partly est. V.103,p.2337
Calendar
Net, after
Bond
Deprec'n, ~Pref.Dies.
Balance,
Year—
Taxes, Ac.
Interest. Repairs, A c.
(5 % ).
Surplus.
1916 (o s t.)___$6,388,500 $288,500 $1,100,000 $1,491,345 $3,508,655
1915_________ 4,590,000
305,710
1.115,921
1,491,345
1.677.023
1914 ........ ..
3,599,626
312,453
981,999
1,493,231
811,943
D IR E C T O R S .— E. T . Bedford (Pres.), W . J. Matheson (V .- P .), E . B .
Walden, G . M . M o ffe tt, F . T . Fisher, C. II. Kelsey, C. M . Warner, G . S.
Mahana, T . P . Klngsford, W . H. Nichols Jr., A . A . Smith, A. B. Boardman, Preston D avie, F . H . H all, W illis D . W ood.— (V . 103. p.2337.2345.)
CO SD EN & CO. (O I L ), B A L T IM O R E .— Seo V. 102. p. 1347. 1269;
V. 103, p. 409, 1116, 1121, 1213, 1689, 1983.
CO SD EN O il- & G A S C O .— (V . 103, p. 846, 1983; V. 104. p. 167 )
(W M .) C R A M P & S O N S ’ S H IP & E N G IN E B L D G . C O .— Seepage 206.
CRESCENT P IP E L IN E CO.— O R G A N IZ A T IO N . &C.— Incorpora ted In
Pennsylvania In 1891. Has pipe line from Greggs, Pa., to Marcus H ook,
Pa., 269 miles. Formerly controlled by Standard OH Co. of N . J.. but
- - . . Jan
[V ol . 104.
INDUSTRIAL STOCKS AND BONDS
156
M IS C E L L A N E O U S C O M P A N IE S
[ F o r a b b r e v i a t i o n s , & .C ., s e e n o t e s o n f i r s t p a g e ]
C orn P ro d u c ts R e fin in g .— Common stock S50.000.000. .
Preferred (a & d) stock 7% cum $30,000,000_______________
1st M . g sink, fa red 105________________________________xc*
Debentures g $114,000 called yearly par (V 85. p 62 7 ).-z
N Y Glucose Co first mtge assumed gold s f (see te x t)----z
N a t Starch Co dobs g guar p & 1 (V 94. p. 127)-------------z
U n a ssu m ed B o n d s o f A llie d
D a te
Bonds
Rate
%
1911
1911
1913
1910
1908
1916
1898
1912
1900
When
Payable
M
M
M
J
Q— J
& N
& N
& S
& J
J & D
b4,000
6g
1,000
3,000,000 See text Q — M
50
000
100 25.000.
See
000 text Q— M
100 25.000.
M & S
7,250,000
5
796,000
5«
1,200,000
6g
4)4
1,000.000
Knn non shs
7
100 $50,000,000
100
9,989.840
7,893,800 7 per ann
100
1,000
8.403.000
6
9.000.
000 g
1,000
5
100
1.000. 000 See text
686.000
1.000
600 * 0 14,969,000
1,000
239,000
5
1,000
1,000
1.000
segregated In 1911. See Standard Oil Co,, V . 85, p. 216, 790; V . 93, p.
1390. Stock. $3,000,000; par. $50. Dividends, 3% quar.. M ch. 1912 to
March 1914, incl.; Juno 1914, 214%; Sopt., 27ol Dec. 1914 to M a r. 1917,
114% quarterly. V . 99, p. 470, 1454. Report for cal. year 1916, In V.
104, p.667, showed netinc., $193,092; divs. (6 % ). $180,000; bal., sur., $13,
072. In l9 1 5 .n e t. $187,269. Office, 323 4th A v . P it t s — (V . 104, p.667.)
C R E X C A R P E T C O .— See 1915 annual report, V . 102, p. 711.
C R U C IB LE STEEL CO. OF A M E R IC A .— O R G A N IZ A T IO N .— Incor
porated In N . J. on July 21 1900. V 7I o. 32; V 73. p. 842- V. 8-1. p 573
V . 101, p. 290. In 1916-17 a very large part o f the exceptionally heavy
earnings were being applied to additions and Improvements (now openhearth steel plant, & c.), to render the company impregnable against
competition, domestic and foreign, $15,000,000 o f total surplus Aug. 31
1916 having been appropriated for and invested in additions to proprety
and working capital. V . 103, p. 1790.
Th e Pltcspurgn Crucible steci Co., all of whose stock Is owned by the
Crucible Steel Co. of America, purchased the property of Midland Steel Co.
(V . 83. n 41). owning a plant at Midland Pa. also 501 acres of land, and
sold an Issue o f $7,500,000 1st M . 5% bonds, guar. p . & 1. by the Crucible
Steel Co., dated M ar. 1 1911 and maturing $250,000 annually, beginning
T 6 . V . 92, p. 525. 728; V. 95, p. 1272; Y . 99, p. 1449; V . 101, p. 1551. Also
;uarantees the Interest ($45,000 yearly) on the Norwalk Steel bonds, hav
ng the option to purchase the same at any time before m aturity at 80 and
int. (V . 95, p. 424); also prln. and lnt. o f bonds o f the St. Clair Steel and
St. Clair Furnace Co. join tly with U. S. Steel Corporation.
Halcomb Steel Co. o f Syracuse (controlled by stock) has outstanding
somo $220,000 2d M . 5s or 1911 (guar. p. & 1.), due $55,000 annually to
July 15 1920. V. 92, p. 728, 397. Th e $415,500 Halcom b 1st M . 6s were
called and paid Jan. 1 1917. V. 103, p. 2082.
In 1913 Crucible Fuol Co. (V . 101, p. 1552; V . 99, p. 1449) sold $1,500,000
serial 6% bonds duo $150,000 yearly 1916 to 192 ) (auth. issue, $2,400,000),
$900,000 bonds, due 1925, being reserved to take up the Crucible Coal
bonds. Redeemable by lot at 102 (V . 93, p. 1019.) Sinking fund 10c. per
ton o f coal mined. Company must also retire $40,000 underlying Coal Co.
bonds yearly. V. 98, p. 239, 307. Coal land purchase notes Oct. 20 1916.
due in equal m onthly installments to Jan. 1918, $265,000.
S T O C K .— Common was Increased by $421,600 to $25,000,000 in Sept,
1915 (V . 101, p. 1094). Dividend scrip outstanding (Aug. 31 1916).
$1,637,401. payable annually and red. any time, but due June 30 1920.
D IV ID E N D S —
'05. *06. ’07. ’08. ’09. ’ 10. ’ 11-’ 13. ’ 14. T 5 . ’ 16. 1917.
On p r e fe rre d ..%/ 1
6 5)4 0 5)4 7 7 yrly. 3 A I K
7
text
do accum’ns.%\
[In 1910% & lOsc]
. 6
text
T h e unpaid accumulated pref. dividends on M arch 1 1917 aggregated
14 M % . V. 103, p. 1791. Jan. 31 1917. 2 % . and Feb. 28, 2% on back
dividends. V . 104, p. 260. 167.
R E P O R T .— F or year ending Aug. 31 1916, V . 103, p. 1790, showed;
Bal., Surp.
F is c.Y r. Profits. D epr.,& c. Conting. Interest.
Pref. D iv.
or def.
i$
.*
$
$
s
s
s
1915-16.16,528,748 1,915,240 794,570 595,282 (814)2,125.000 11,098,655
1914-15. 5,220,921 1,464,616 48,443 634,112 ------------------- 3,073,750
1913-14. 2,991,602 1,316,322 50,755 609,486 (7%),1715,000d e f.734,961
On Aug. 31 1916 profit and loss, surplus, was $6,543,603; surplus, appro
priated to additions. Improvements, &c., $15,000,000.
^ C h a irm a n and Pres., Herbert Du Puy; Treas. & Sec., Geo. A . Tu rvillo.
Exec. Committee; Herbert Du Puy, G. W . Crawford, II . D . W . English,
John A . Sutton and H . S. A . Stewart. Office, Oliver B ldg., Pittsburgh,
P a .— (V . 103, p. 1891. 2845; V . 104, p. 167, 260.
?
C U B A N -A M E R IC A N SUGAR CO.— O R G A N IZ A T IO N .— Incorporated
Sept. 19 1906 In New Jersey and controls and operates, through its sub
companies. eight sugar plantations In Cuba and two sugar refineries, one In
Cuba and one In Louisiana. Annual cmiaclty of Cuban plantations,
225,000 tons of sugar. Compare V. 89. p. 719: V . 90, p. 916.
D IV ID E N D S —
(1907, 1908. 1909. 1910. 1911-14.
1915. 1916.
On preferred_____ %| 3)4
7
IK
8K
7 yearly
14
7
On com m on_______ l ___
___
-—
---------14
text
Dividends on common, Jan. 1916, N o . 1,2 X % i A p ril, 2 X % : Ju ly. 2 )4 % :
O ct., 2 )4 % , 10% extra and 40% paid in com. stock; Jan. 17, 2 )4 % . V .
103, p. 667.
B O N D S .— Th e total authorized issue, $10,000,000, o f which $1,504,000
had been retired and paid o ff to Oct. 25 1916. The company owns all
the capital stock except shares necessary to qualify directors (with the
exception o f $3,100 Colonial Sugars Co. stock) and all the bonded debt of
the Chaparra Sugar Co., Tinguaro Sugar C o., Cuban Sugar Refining Co..
Unidad Sugar C o., Mercedita Sugar Co., Colonial Sugars C o., San Manuel
Sugar Co. and C h apparaR R .O o., and pledged their bonds to secure the coll,
tr. 6s. Sink. fd. equal to 25% o f all divs. paid. V . 90, p. 916; V . 89, p. 723.
R E P O R T .— For yr. end. Sopt. 30 1916,at length in V. 103, p. 2237. 2247:
1915-16.
1914-15.
1915-16.
1914-15.
$788,497
$729,339
Sugar sales.$26,320,943 $22,502,285 Doprec’n___
62,352
61,866
Molas .sales.
492,334
511,803 Dlsc.on bds.
548,860
529,530
Misc.income
530,851
352,537 In t. on bds.
Oth.Int.,&c.
216,766
69,624
276,283
494,921
_______
T o ta l____ $27,344,128 $23,366,625 Bond sk.fd.
Oper. oxp__ 17,718.657 16,156,102 Pref. d lv ..(7 % )5 5 2 ,566(14)1105,132
Com. divs.:
C ash .. .(20)1,427,120 ..................
Gross profit $9,625,471 $7,210,523
In stock(40)2,854,240 ..................
B alance.. $2,906,265 $4,212,633
O F F IC E R S .— Pres., R . B . Hawley; Sec., A . J. Akin; 1st V .-P . & Treas.,
J. H . Post. Offico, 129 Front St?., N . Y .— (V . 103, p. 1213, 2237, 2247.)
C U B A C A N E S U G A R C O R P O R A T IO N — O R G A N I Z A T I O N — In
corporated in Dec. 1 9 1 5 1 n N .Y . A consolidation o f 17 sugar plantations,
said to have an annual capacity o f 4,000,000 bags (325 lbs. each). V. 103,
p. 64; V. 102, p. 1628. In July 1916 acquired the property o f the Stewart
Sugar Co. o f Cuba (output o f 500,000 bags a year). V. 102, p. 2344; V .
103, p. 64, 496. Bills payablo Sept. 30 1916, $3,836,230.
STOCK.-— Authorized, $50,000,000 7% cum. conv. pref. (par $100), and
1,000,000 shares common (including 500,000 shares reserved for conversion
of pref. stock); no par. Pref. Is redeemable at 120 and lnt. and Is preferred
t ft o assets and dividends. Convertible into common, sharo for sharo, at
time at option o f holder. V . 103, p. 64, 1794.
* * W ID E N D S .— On pref. stock N o . 1 a quar. I K % was paid April 1
No, W K % July 1; N o. 3, 1 K% Oct. 2; 1917, Jan., 1 K%-
Amount
Outstanding
$ inn $49,777,333
100 29.826.867 5 in 1916
5.265.000
5g
1,000
1909
1.005.000
5g
1.000
1906
999,680
1901 See text
« (?
5g
1,000 a3,320,500
1910
C o m p a n ie s
United States Sugar Refinery gold first m ortgage............ z
Crescent Pipe Line Co— Stock $3,000,000...............................
Crucible Steel Co— Common stock autnorlzed $25,000,000..
Preferred (a & d) 7% cumulative $25,000,000 authorized..
Pitts Cruc Steel Co 1st M $250,000 yrly begin 1916.UPi.xc*
Halcom b Steel Co bonds, see text.
Crucible Coal Co 1st M not guar s f redeem 102 H -.U P i.x c *
Crucible Fuel Co 1st & ref M g n o t g u a r 8 f red 102 — xc*
Norwalk Steel Co 1st M lnt guar red 80...... ................... _xo*
C u b a C an e Su gar C orp— Com stk 1,000,000 shares no par
P r e f stock 7% cum convert rod 120____________________
Cuban-American Sugar Co— Common stock-----------------Preferred (a & d) stock 7% cumulative— ..................
Collateral trust bonds $10,000,000 gold callable at 105. _Ce
C u d ah y Pa ck ig C o — 1st M $12,000,000 s f call 102)4-C*&r*x
C um berlan d P ip e L in e Co— Stock $1,000,000----------------Cumberland Telep & Teleg— 1st M gold s f (other see te x tl.z
1st & gen M $15,000,000 authorized red te x t_C o l-x o *& r
Debentures callable at par_________________________________
a Excluding $1,847,500 owned by Corn Products Ref.C o.
b A n additional amount is held by National Starch.
Par
Value
I*
J
J
J
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
Jan 15 '17 6 K
May 1 1934
N ov 1 1931
Sept 1 1926
July 1 1930
T itle Guar & T r Co, N Y
T itle Guar & T r C o , N Y
do
do
Title Guar & T r Co.Bkyln
Farmers’ L & T r Co. N Y
Internat Trust Co, B o»t
Deo 1 1921
M a r 15 '17 1)4 Checks mailed
Checks mailed tr T r office
See text
T o March 1945 Union Trust Co, Plttsb’ g
do
do
& J July 1 1936
& D Dec 1917-1925 Guard Sav Sc T r Co, Olev
do
do
& J July 1 1929
8=3
a Q& J o
J & D
See text
J & J
J
& J
F & A
Jan 2 1917,1 K
See text
Jan 2 1917 I K
Apr 1 1918
Dec 1 1946
Dec 18 ’ 16, 5%
Jan 1 1918
Jan 1 1937
Feb 1 1920
Guaranty Trust Co, N Y
129 Front St. N Y
do
do
do
do
N Y , Boston & Chicago
Checks mailed
Columbia Trust Co N V
Columbia T r Co. N Y
Nashv& NatShaw Bk.Bos
R E P O R T .— Operations for 10 mos. end. Sept. 30 1916 in V . 103, p. 2437;
N e t p r o f it s .. ........... ...$14,729,087 Depreciation reserve_____ $1,250,000
Interest charges_________
91,385 Pref. dividends (5 )4 % )- - 2,625,000
(ten
months’
Reserve for taxes________
290,000 Balance
p e r io d )________________ $9,851,507
918,689
Plantation oxpenscs____
O F F IC E R S .— Albert Strauss, Chairman; Manuol Rionda, Pros.;
Regino Truffiu; Frederick Strauss, Alfred Jarotzki and B. Braga Rionda,
Vico-Prosidents; H . F . Kroyor, Sec. and Troas. J. & W . Seligman & C o.,
N . Y ., are interested.— (V . 103, p. 64, 67, 496, 1794, 2345, 2427, 2437.
C U B A N S U G A R M IL L S C O R P O R A T I O N — V . 103, p. 2240.
C U D A H Y P A C K IN G CO .— O R G A N IZ A T IO N .— Began business in
1887 In South Omaha, and, as subsequently enlarged, was sold on Oct. 15
1915 to the present company, organized in Maine.
Has 6 main plants (in So. Omaha, Kansas C ity, Sioux C ity , W ichita,
Salt Lake and Los Angeles) and 107 distributing branch houses in 92 prin
cipal cities, with a slaughtering, curing and preparing capacity for 14,000
hogs, 4,000 cattlo and 7,500 sheep per day.
. , „
„
Capitalization Feb. 1917—
Authorized. Outstandg.
Pref. cum. ($2,000,0006%; $6,550,500 7% )par $100 $8,550,500 $8,550,500
Common stock (par $100)___________________________11,449,500 10,630,200
First, mortgage 5% gold bonds (present Issue)-------- 12,000,000 9,000,000
Th e remaining $3,000,000 bonds may be issued under restrictions up to
2-3 o f the cost o f future acquisitions, &c. Annual sinking fund, $250,000
cash (first payment Oct. 1917), plus 2 )4 % on any additional bonds. See
bond offering (L . I I . & C o.). V . 103, p. 2345.
^
.
Gross Sales for Fiscal Years ( ending Oct. 31) — Net Earnings.
A ll ($)
1912.
1913.
1914.
1915.
1916.
Av. 5 Yrs.
Sales...90443970 104408789 109121449 116162155 133960986 110819470
N e t available for Interest on funded debt, after de
ducting lnt. on loans, deprec’n .renewals, & c----- 3,187,590 1,720,193
Pres., E. A . Cudahy; V .-P ., E. A . Cudahy Jr.; Treas., John E. Wagner;
Sec., A . W . Anderson, Clqcago.— (V . 103, p. 2240, 2075, 2345.)
C U M B E R L A N D P IP E L IN E C O — O R G A N IZ A T IO N . & C .— Incorp.
In 1901 In Kentucky. Owns pipe line In Kentucky. Formerly controlled
by Standard Oil Co. o f N . J., but segregated In 1911. Stock, 31,000,000;
par, $100. Dividends, 6% , paid Dec. 16 1912 and Dec. 15 1913; Dec. 15.
1914, 5% ; Dec. 15 1915, 5% - Report for cal. year 1916, In V . 104, p. 455.
showed: Gross profits, $179,366; divs. (5 % ), $50,000; bal., sur., $129,366,
In 1915 profits, $32,001; divs. (5 % ), $50,000; bal., def., $17,999.
Pres.,
Forrest A M . Tow l; Sec. & Treas., E . R . Shepard. Offico, Oil C ity , P a .—
(V . 100, p. 477; V . 102, p. 525; V . 104, p. 455.)
C U M B E R L A N D T E L E P H O N E & T E L E G R A P H C O .— Soo page 202.
C U R T IS S A E R jO P L A N E & M O T O R C O .— O R G A N IZ A T IO N .— In
corporated in N . Y . Jan. 14 1916 to take over the entlro business founded
by Glonn II. Curtiss for the manufacture o f aeroplanes, Curtiss flying boats
and Curtiss motors. V . 102, p. 254. Plants at Buffalo and Hammondsport, N . Y . , and Marblehead, Mass. A ll plants are o f modern construction
and capable o f efficiently handling a large amount o f business.
Th e corporation in Feb. 1916 acquired the services o f W . Starling Bur
gess o f the Burgess C o., Marblehead. Mass., and his organization, under
an arrangement by which the Curtiss Company became tho owner o f the
stock o f tho Burgess Co. V . 102, p. 611. T otal orders on books Jan. 1
1917 not subject to cancellation over $10,100,000.
C A P I T A L IZ A T I O N .— Authorized and outstanding, $6,000,000 7%
cum. pref. stock In $100 shares, and 150.000 shares o f com. (no par value):
D I V ID E N D .— No. 1 on pref., 3 )4 % , was paid July 15 '16 and Jan.15 T7 .
N O T E S .— In Dec. 1916 to liquidate practically all curront obligations
including $3,000,000 serial notes o f 1916, and providing additional working
capital for new orders, there were sold: (a) $2,000,000 serial notes converti
ble each $1,000 bonds into 20 shares o f com. stock voting trust certificates
and having priority as to principal and dividend over the 10-yoar notes.
V . 104, p. 260. (b) $2,000,000 10-year gold notes, duo Jan. 1 1927.
V . 103. p. 2345.
E A R N IN G S .— N e t profits for (about) 10 months Jan. 24 1916 to N o v . 30
1916 wore $1,747,895. being at rato o f ovor $2,000,000 yearly. Soo
V . 104, p. 260.
O F F IC E R S .— Pres., Glen H . Curtiss; V.-Pres., K . B . M acD onald.
C. M . Koys; Treas., B. A . Guy: Sec., Monroe Wheeler. Geo. F. Rand,
W alter S. Cook and Monroe Wheeler. W m . Morris Im brio & C o., 61
B ’way, N . Y ., are interested. Offico, Buffalo, N . Y .— (V . 102, p. 70, 254,
611; V . 103, p. 147, 667, 1689, 2345; V . 104, p. 260.
D A Y T O N (O .) P O W E R & L I G H T CO.— O R G A N IZ A T IO N .— Incorp.
In Ohio M arch 23 1911 and is supplying electric light and powor in Dayton.
O., covering tho entire city, also in numerous neighboring municipalities,
notably Xenia, Piqua ana Wilmington, Bollbrook, Spring Valloy, Trotwood, West Carrollton, Osborn, Cedarville, N ow Carlisle, O. Stock auth.,
$14,000,000 common stock and $6,000,000 6% cum. prof. (p. & d.) stock,
callable as a whole at 110 and divs., but with fu ll voting power. Par $100.
N o divs. on common to Jan. 1916. Divs. on pref. stock from Oct. 1911 to
Jan. 1917, Inclusive, 6% por annum (1 )4 % Q--J-). V. 103, p. 147.
First & Ref. M . 5% bonds ($20,000,000 auth.) are callable at 105 on or
before Dec. 31 1936. and decreasing 1% for each succeeding yoar to 101 in
1940 and 1941. (See V . 94, p. 282). Columbia Trust Co., trustee.
Underlying bonds Dayton Lighting Co. 1st & Ref. M . 5 % , duo March 1
1937, $2,432,000 assumed; the Dayton Elec. Light Co. 1st M . 5% . duo
March 1 1921, $345,000 assumed. In M a y 1916 $1,250,000 First & Ref.
M . 5s wero sold (making $2,122,000 outstanding) to provide for 35,000
h. p. installation at M ille r’s Ford, Dayton, O. V . 102, p. 1899.
E A R N IN G S .— For 12 months ended Aug. 31. (R eport for cal. year
1915, see V . 103. p. 142.)
,
„ , „
Aug. 31 Year—
Gross.
Net.
Charges. Pref. D iv. Bal., Sur
1915-16...................$1,440,304 $658,720 $221,767 $161,281 $284,896
1914-15................... 1,011,709
462,631 214.679
124,676 135,145
Pres., F . M . T a lt; Sec.-Treas., L . K . Funkhousor.— (V . 103, p. 241.)
D EE RE & C O .— O R G A N IZ A T IO N .— Business founded In 1837; incor.
in 1868 and again In HI. in 1911. M anuf.steel plows, farm implements and
vehicles. V . 92, p. 959. 1245, 1313. 1502: V . 95. p. 238. 299.
S T O C K .— Pref. stock. See V . 92, p . 1502; V. 95, p. 299, 820. Common
stock is hold in voting trust expiring N ov. 1 1920. Voting trustees, W illiam
Buttorworth, W . L. Velio, Burton F. Peek, Geo. W M ixter and G . N .
Peck o f Molino, 111., and Charles C. Wobbor o f Minneapolis, Minn.
Outstanding common stock Oct. 31 1916. $18,382,400; practically all o f
the $3,190,400 additional reserved has been sold to employees under con
tracts providing for payments over a period o f years. D iv. on pref.. Sept.
1911 to M ar. 1917, incl., 1K % Quar.
F e b , 1917.]
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, A c ., see notes on firs t page]
C u rtiss A erop la n e & M otor Co— Common stock__________
Prof stock 7% cum s fd call at 105 till Jan 1 '18 then 110
First & convert serial (prior) notes, duo $400,000 yearly
g coll 102)4........ .......................... . . . .................... _C ec*
Ton-year gold notes___________________________________ ____
D ayton Po w er & L ig h t Co— Common stock $i4,00~(),bboLLL
P rof stock 6% cum callable at 110 & divs $6,000,000______
Underlying bonds (see text)
1st & R e f M $20,000,000 s f call 105............................. K .c*
Deere & Co— Common stock 525,000,000.
Prefcrrcd (a & d) stock 7% cum not callable................PC
Deoenturcs 1902callable at 105_______________ ________
Delaware Lack & Western Coal— Stock $6,800.000.......... .
Denv (ias & El Lt— lst& ref M 325.000,000g red 105sf Baxxc*
1st M $8,000,000 g callable at 105 and in teres t_________E
Lacombo Electric Co first mtgo closed guar callable_______
Denver Union Water Co— First mortgage $8,000,000 g — x
South Platte Can & Res 1st M g guar (end) red (te x t)-.G x
Detroit City Gas— Stock $15,000,000 (V . 101. p.3 7 3 )------5% gold mortgage bonds $6,000,000_________________ N.c
Detroit Gas consol mortgage for $4,000,000 gold — G.c&r
Detroit City Gas gen M SIO.OOO.OOO gold (see te x t)..E q x x
D e tro it & Su bu rban Gas Co— 1st M gold red 103------- c*
Detroit Edison— Stock S35.000.000 authorized----------------1st M $10,000,000 gold (V 77,p 2037; V 97, p 5 3 )...G .x c *
First and Refunding$75,000-000 auth red text. Baxc*&r*
Debonturos gold convertible subject to call-------------- xc*
do
do
do
do
xc*
do
do
do
do
xc*
Eastern Michigan Edison first mtge $ 1 0 ,0 0 0 .0 0 0 g gu__Eqx
Date
Bonds
Par
Value
None 150,000 shrs
$100 $6,000,000
1917
1917
1911
1902
1911
1903
1894
1903
1898
1893
1903
1908
1903
1915
10-11
1914
1915
1900
1,000
1,000
100
100
Rate
%
When
Payable
Last Dividend Places Where Interest and
and M aturity
Dividends are Payable
Jan 15 '17Z)4Vo
J & J Jan 1 1918 to ’22 F N Y Central Trust Co
2,000,000
6g
J & J Jan 1 1927
2,000,000
6g
N ew York
3.053.000
2,962,500 6 In 1916 Q— J Jan 1 1917 1)4
5g
J & D June 1 194L
1,000
2.122.000
100 See text
7
Q— M M a r 1 ’ 17 1 H %
100 37,828,500
500 &o
50,000 „
M & N N ov 1 1917
5*
60
6.590.700 See text
Q— J Jan 15 '16 2)4 %
1,000
5.101.000
5g
M & N May 1 1951
100 &c
6,646,400
5g
M & N M a y 11949
5
900.000
1921
100 &c
8.000,000
j
& J July 1 1914
5 g
500 &c
4.000.
000 g
J
& J July 1 1923
5
100
9.500.000 See text See text See text
1,000
& J Jan 1 1923
5.628.000
58 J
1,000
367.000
F & A Feb 1 1918
5 g
1,000
1.410.000
J & J See text
5 8
1,000
J & D D ec 1 1928
930.000
5g
100 See text
8 in 1916 Q— J 15 Jan 15 ’ 17 2%
1.000 10.000.000
5 g
J
& J Jan 1 1933
600 &c
7.000.
000 g
M & S July 1 1940
5
100 &c
32.900
6g
Various 1920-21
100 &c
65.900
6g
F & A Feb 1 1924
100 &c
6g
1.068.700
J & J 15 Jan 15 1925
1.000
4.000.
000 g
5
M A N N o v 1 1931
From 1911 to Oct. 31 1910 the company had paid o f f all its $5,000,000
serial gold notes o f 1910, reduced its $500,000 debentures to $50,000 and
Its notes payable from $7,715,234 to $78,674. Sub. co. stocks not acquired
Oct. 31 1916, $231,500; and bonds., debs, & mtges. $976,500. V .98,p.834.
R E P O R T .— Report for year ending Oct. 31 1916 in V. 104, p. 253:
Oct. 31
Total Net A d m .,& c., Deb. DU. Depre- Pref. Divs.
Balance
Year.
Earnings.
Exps. (N et), A c. tlon.& c. (7 % ).
Surplus.
1915-16-----$4,783,081 $403,327 $162,990 $98,771 $2,647,995 $1,469,998
1914-15----- 3,904.957 340.134 210,408 106,392 2,647,995
600!029
O F F IC E R S .— Pres., W m Butterworth: Sec., T . F. Wharton; Treas.
Geo. W . Crampton. O ffice, M oline, 111.— (V . 102, p. 604; V. 104, p. 203.)
D E L A W A R E L A C K A W A N N A & W E STE RN C O AL C O — Incorporated
In New Jersey on June 30 1909. Purchases coal produced by the D .L . & W .
R R . In Pennsylvania for 05% of the market value at time of sale (N . Y .
tidewater price), assuming all transportation charges from the mines
Stock, $6,590,700, the I). L. & W . R R . stockholders having used hair of
the special dividend paid them July 20 1909 In subscribing for the same.
V. 89, p.'46; V . 90, p. 561.
D IV ID E N D S .— (TO. ’l l . T 2 . T3 . T4 . T 5 .
1916.
1917
10
10
10 10 10 10 (2)4 Q-.T) 2)4 [qu
R e g u la r ............ % | l 0
Extra
----------- % l ................... .
20 10
50 July, 10%
The U. S. Supremo Court on June 21 1915 in the suit brought by the G ov
ernment held that the company under the contract o f Aug. 2 1909, with the
D. L. & W . R R . violated the commodities clauso o f the Inter-State Com
merce A ct and the Sherman Anti-Trust Law. A now contract will be ar
ranged. V. 101, p. 1750. Balance sheet Juno 30 1915, V. 101, p. 208.
Roport for cal. year 1914, in V. 98, p. 1311, showod: Coal sales, $38,376,486;
profit, $1,798,714; other income, $298,067; divs. (3 0 % ), $1,977,210; bal.,
sur., $119,571. Prest., J. F. Bormlngham. Offico, 120 B ’way, N . Y . —
(V . 101, p. 373, 616: V . 103, p. 64.)
*
DENVER GAS & ELEC TRIC L IG H T C O .-O R G A N IZ A T IO N .- T n c o r porated In Colorado N ov. 29 1909 and on July 11 1911 stockholders voted
to take over the Denver Gas & Electric Co. and Lacombe Electric Co.
V. 92. p. 1502; V . 90. p. 112: V . 91. p. 41; V . 74, p. 1359- v . 83. n. 154
rranc£ ,se fr0™ l.PjjP*.
’ P* 1075. Reduction o f prices in
1910, V. 90, p. 449. Controlled by Cities Service Co. V 91 n 056 873
1255, 1632; V. 92. p. 1245. See “ Electric R a ilw a y ” Section.
S T O C K .— Stock auth., $10,000,000, all Issued, over 9914% owned by
Cities Service Co.; par, $100. Dividends. H o f 1% , paid monthly from
Aug. 1 1911 to Oct 1 1915, inclusive.
BONDS.— The “ First and Refunding” 5s of Denver Gas & El. L t. Corp
($25,000,000 auth. Issue) are callable at 105 In any amounts on any lnt day •
Annual sinking fund, beginning 1910, an amount equal to 1% of outstanding
bonds; $8,900,000 can be used to retire $8,000,000 D. G. & E. bonds and
$900,000 Lacombe Elec, bonds due 1921, but subject to call at a premium,
guaranteed by Den. Gas & Elec. Co. V. 90, p. n o : V 91 n 656
Tn
During tho year 34,269.000 o f theso bonds wero so ld ,' increasing tho
amount outstanding to $5,101,000. chiefly to rotlro the $3 500 000 3-vnar
6% collateral notos duo 1917. called and paid Oct. 1 1916 V 103 n 496
V. 102. p. 1062; V . 98, p. 1075.
J
v•
P
1st M . o f 1903, seo V.. 100, p. 478; V . 82, p. 103; V . 80, p. 983; V . 102.
of
seo’ V
p. 714.
E A R N IN G S .— For calendar years:
1916.
1915.
I
1916.
1915
Gross earnlngs$3,228,666 $3,273,189 Int.undcrl.bds. $377 320 8381 590
N ot aft. taxes 1,523,731 1,657,945|BaIanco____ _
891 361 1 276 355
Less interest on First & Refunding 5s, 1951, year 1916
’
4055050
Chairman, Henry L . Doherty; Pros., Frank W . Fruea'uff7 V -P & Gen
M gr., William J. Barker. N . Y . offico, 60 W all St — (V 102 n 1062V. 103, p. 323, 496; V. 104, p. 455.)
( V ’ 102’ p * 1062’
w D E N V E R U N IO N W A T E R C O — Seo V. 102. p. 889- V 103 n 410
760, 846, 1121, 1213,2345.
’
v ’ 1UJ’ p ’ 410>
D ETRO IT C IT Y GAS.— Organized In March 1898 and owns all the iris
properties in Detroit, M ich. Has a franchise till 192.3
Tho Am er Li?hi
& Traction Co. owns over 99% o f tho stock. V. 82 p 283 989
On A n i l
1913 acquired tho physical property o f Detroit & Suburban Gas Co sub
ject to $930,000 20-year 5s duo Dec. 1 1928. V. 97, p. 731
’
b
S T O C K .— In Aug. 1915 auth. was given to increaso lim it o f stock to 81 5 000,000 and to issue $1,128,000 to provide for extons
also $1,792,000 as a stock dividend o f 27.234% to represent earnings di
verted in recent years for additions, &c., making total outstanding stock
$9,500,000. Tho stock div. was paid at onco. v ! 101, p . 373, 616.
*
BONDS.— The prior lien mortgage Is for $6,000,000. of which S375 non to
retire the outstanding5sof 1893. Gold mtgo bonds arc subject to call at 110
Of the gen. 5s of
I s s u e r E q X b le T r a it Co. of
N . Y ., trustee), $6,000,000 are reserved to retiro the prior liens. O f the
bonds $1,810,000 have been issued. $100,000 having b e w retired
O f the
outstanding bonds, $100,000 inaturej yearly July 1 1017
1000 and
remainder o f outstanding bonds and auth. issue Julv 1 1 9 2 3
Rondo
due 1917 to 1922 are redeemable at par and those due 1923 at 105 and lnt
I f bonds o f earlier maturity than 1923 are called, hoklor m av take now bonds
due July 1 1923. V . 77, p. 253; V 78. p. 822; V . 97 p T l & l 1 8 2 6 State?
mont to N ew York Stock Exchange. V. 79. p. 102. P
Ub’ 8 b* state
O F F IC E R S .— Pros., Emerson M c M illin , N ew Y o rk -G e n Mirr O w
Bennett, Detroit, M ich.— (V . €7, p. 1826; V 10l . p ’373 6Hi )
' V'
D E T R O IT ED ISO N C O .— O R G A N IZ A T IO N .’— Incorporated in Ian
1903; owns capital stock o f tho Edison I llu m ln a t in g C o lf D e t r o a a m i
Peninsular Electric Ligh t C o., D elray Terminal R R . Co fand St Ckdr
Construction C o., Inc. Serves Detroit and suburbs, Ann Arbor Ynsilanti
M t. Clemons and other towns and rural districts.
’ * P SUanuS T O C K .— The auth. capital stock having been increased from $25 000 000 ($19,812,900 outstanding Dec. 31 1916) to $35,000 000, shareholders o f
record l<eb. 28, may subscribe at par on or beforo April 2 for 15% o f new
stock, payable1in full A pril 2 1917 or 50% A pril 2, 25% July 2 and 25%
Oct. 1. Tho holders o f tho convertible debenture bonds, Scries o f 1925
who convert their bonds Into stock on or beforo Feb. 28 1917, w ill bo en
titled to subscribe for an amount equal to 15% o f tho par value o f the bonds
so converted. V . 104, p- 562.
D IV ID E N D S .—
/ 1909.
1910.
1911-15.
1916. to Jan T7
l ’ or cont........ .................... I
2%
5%
7 % y 'ly
2% quar.
B O N D S .— Tho Refunding M ortgage o f 1915 is for $75,000,000 (intorost
rato to bo fixed at time o f issue), to retire at or before m aturity tho $10 000 000 1st M . 5s and $4,000,000 Eastern M ich. 1st M . 5s, and to provide addltional capital when needed; on June 15 1916 $5,500,000 had been sold
Am ount
Outstanding
157
Columbia T r Co, N Y
Co's Office, Moline, III
First N Ilk, N Y ; & Chle
Checks mailed
H L Doherty & Co. N Y
do
do
N Y . N & In t T r Den
M e ch & M etN B k N Y .& D n
Checks mailed
Emerson McMIllln, N Y
Guaranty Trust Co, N Y
Emerson McMIllln & Co
Citizens S & T r C o, C lev
Checks mailed
N oA m C o,30 B roadS t.N Y
do
do
do
do
do
do
do
do
do
do
V • 102, p. 1990. Red. on any int. date until M ar. 1 1930 at 107>4 then to
M a r. 1935 at 105, thereafter 102)4- V. 100, p. 2169; V. 10.3 p 2*40
Debentures o f 1910 are subject to call on or after A pril 1 1915 at 105 and
are convcitiblo at par into stock betwoen A pril 1 1912 and A pril 1 1918
and tho 1911 issuo between Feb. 1 1913 and Feb. 1 1919.
O f tho $6,000,000 6% 10-year convertible debentures authorized Dec. 17
1913, $3,354,500 subscribed in 1914 are subject to call on or after Feb. 1
1919 at 105 and convertiblejat par into stock between Feb. 1 191 f and Feb 1
1922, or when called for redemption. O f this amount all but $05,900 had
been converted into capital stock at Jan 31 1917.
Tho final $2,645,500
aro convertible between Jan. 15 1917 and Jan. 15 1923 into stock at par
but redeemable on and after Jan. 15 1920 at 105. V . 99, p. 1454, 1530.
Eastern Michigan Edison Co. 1st M . bonds aro redeemable at 110 on
or after N o v . 1 1916.
R E P O R T .— For cal. year 1916, V . 104, p. 661, showed:
Calendar
Gross
Net, after
Interest
Dividends
Balance,
Years.— Earnings. Taxes, A c.
Charges.
(7 % ).
Surplus.
1916--------$10,066,786 $3,795,693 $1,078,280 S I,091,463
$1,625,950
1915........ . 7,759,933 3,548,713
1,100,055
944,214
1,504.444
A dividend declared in Jan. 1917 ($396,258) was deducted from profit
and loss for 1916.
O F F IC E R S .— Pres, and Gen. M g r., Alex. D ow; V.-Prosidents, A lfred
Jaretzki, N . Y .; Alfred C. Marshall and James V. Oxtoby, D etroit; Treas.,
George R. Sheldon, N . Y .; Sec. & Asst. Treas., James F. F ogarty, N . Y •
Conipt., S. C . Mum ford. Offices, 30 Broad St., N . Y .; 18 Washington
A vo ., D etroit.— (V . 104, p. 167. 260, 562, 661.)
DIAM OND MATCH
C O — O R G A N IZ A T IO N , &c.— Incorporated
Dob. 13 1889 in 111. and is engaged in tho manufacture and sale o f matches,
lumber, lumber products, match-making machinery, &c. Owns match
factories at Oswego, N . Y ., Barberton, O., Oshkosh, W is., Chico, Cal.;
machine shop and foundry at Barberton, O.; paporboard mill at Southford.
Conn.; block and shook factories at A thol, Mass., and Biddeford, M e.,
together with plants omployod in lumber operations in California, consisting
selling branches in N . Y ., Boston, Chicago and St. Louis. Is interested
in tho match business o f Great Britain and Peru.
. S T O C K . — O f the $2,000,000 6% convertible debentures issued in 1910,
$1,034,900 had on or before Doc. 15 1915 been bought In by the company
and the remainder, $965,100, converted into stock, increasing the samo to
$16,965,100.
D IV S .— f 94. 1895. 1896 to 1908. ’09. ’ 10. ’ l l . ’ 12-’ 15. ’ 16,
1917.
Since 1893% i 10 21 1-9 10(234quar.) 8
6
6 7 y ’ly
7 X See text
In March 1917 2% and an extra 1%.
A N N U A L R E P O R T .— Report for cal. year 1915, In V . 102, p. 1057.
showed net (over $291,188 depreciation, & c.), $1,605,009; divs. (7 % ),
$1,130,599: depreciation and general reserves, $400,000: bal., sur., $74,410.
For year ended Oct. 31 1916 gross earnings were S9,607,350.
O F F IC E R S .— Pres., W . A . Fairburn; V .-P.s, T . J. Reynolds and James
nopkins; Treas., H . O. Cranz; Sec., H . F. Holman; Aud., N . C . Johnson.
General offices, 110 W . Kinzie St., Chicago. N . Y . offices. 111 B ’way.—
(V . 102. p. 1057. 1720; V . 103, p. 410, 2240; V . 104, p. 167, 365.)
. DISTILLERS’ SECURITIES CORPORATION— O R G A N IZ A T IO N .—
Incorporated in New Jersey on Sept. 18 1902 as successor, per plan V.174,
p. 1310, 1358, of the Distilling Co. of America, the latter having control of
the American Spirits M fg. Co., Kentucky Distilleries & Warehouse Co.,
Standard Distilling & Distributing Co.; see V . 68. p. 1224. Hannls Distil
ling C o., V. 69, p. 179, 494, 745. Properties, V . 73, p. 136, 898: V . 71.
p. $15; V. 69, p. 957: V. 95, p. 16$6. In Doc. 1916 in accordance w ith the
plan to make the company an operating instead o f a holding company, the
D istilling Co. o f America was dissolved effecting a material saving. V.
103, p. 2158*
Tho Distilling Co. o f America in Juno 1915 sold $6,300,000 o f tho $12,
500,000 U .S . Industrial Alcohol Co. com. stock owned b y it. Th e Distilling
Co. o f Amer. guaranteed the divs. on tho $6,000,000 7% pref. stock o f the
Ind. Alcohol Co. and the $2,500,000 pref. stock o f Cuba Distilling Co.
(control now held by Industrial Alcohol C o.) and these guaranties have been
or w ill bo assumed by the Distillers Securities Corp. In Dec. 1916 both
tho properties named had regularly earned and paid their pref. dividends
and wore then earning the samo several times over. V. 103. v . 2158
V. 100, p. 2013; V. 84, p. 341; V . 85. p. 790; V . 88, p. 620
Tho D istilling Co. o f America, over 95% o f whoso stocks wero pledged
to secure the bonds o f 1902, was dissolved in N o v . 1916, tho bonds becoming
a dlroct first mortgage lien on tho property now owned by Distillers Se
curities Corp. V . 103, p. 2081; V. 90, p. 305, 375.
B O N D S .— Th e $1,200,000 A m . Spir. M fg . Co. 1st 6s due Sept. 1 1915
were extended for 5 years at 6 % . prin. and int. being guaranteed by D istil
ling Co. o f America; sink, fund $101,000 yearly for purchase o f bonds or
call b y lot for redemption at 101 and Int. V. 101, p. 133. In Juno 1916 the
American had recently paid o ff $200,000 bonds and the Corporation $2,
000,000, reducing tho amounts outstanding to $1,200,000 and $12,526,000.
respectively. V. 103, p. 64.
D IV ID E N D S .—
I '03-’05. '06. '07. ’08-’ 12. ’ 13-’ 15. ’ 16-’ 17.
Per cont.
..................I 4% y ’ly 4)4 5 % 2% y ’ly None
Text
In July 1916 (divs. were resumed a t9 % per ann.) to Jan. 1917, 1 )4 % Q.-J
R E P O R T .— Report for year ending Juno 30 1916, in V . 103, p. 754:
„
,, , „
1915-16.
1914-15.
1913-14.
1912-13.
Gross profits (all sources) $4,806,755 $3,143,843 S3,032,209 $3,046,165
N ot earnings____________ $4,119,204 $2,223,794 $1,494,766 $1,152^663
Interest on bonds___________________ $792,110
$792,922
$792,902
S793.096
D ivid en d s.................(1H % )484,548
23,131
35,131(1%)353,169
Balance, surplus........ $2,842,546 $1,407,741
$666,733
$6,398
D IR E C T O R S .— Alvin W . Krech (Chairman); Julius Kessler (P r e s .).
A . G . Hodges (V .-P res.), Charles F . A yer, James E. Brodhead. W . H . Kiernan and H . J. M . Cardeza. Exec. Comm.— Julius Kessler. A rm ory G.
Hodgos, A lvin W . Krech and W.’ I I . Kiernan; Sec.-Treas., T . H . W ent
worth. Office. 15 Exchange Place, Jersey C ity: 40 Exchange Place, N . Y .
— (V . 102, p. 1900; V. 103, p. 64, 754, 1510, 2081, 2158.)
DOMINION STEEL CORPORATION, L IM IT E D — O R G A N IZ A T IO N .
— Incorporated in 1910 to amalgamate (per plan In V . 90, p. 1104, 1173)
the Dominion Coal and the Dominion Iron & Steel companies. In
March 1911 $14,689,500 o f the $15,000,000 Dom . Coal common and $19,
000.100 o f $20,000,000 Dom. Iron & Steel common had boon exchanged.
In Fob. 1916 the corporation owned 20,798.000 o f the 20,800.000 D om
158
[V o l . 104
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[F o r abbreviations, A c , see notes on first page)
Diamond Match— Stock $18,000,000 (listed In Chicago * N Y )
Distillers’ Securities Coro— Stock, one class S32.r>nn.O00 -
Stocks o f constituent cos held by public June 30 1916------Coll tr M $16,000,000 g call 105 since 1908 i t e x t ). -Ba.xxe*
American Spirits Mtg 1st M g gu s f red 101---------- Ba.ze*
Dominion Coal— Pref 7% cum conv red at 125 t v 80. D 1732)
1st M g sink fund $79,000 yrly call 105 (V. 102,p. 1542) xc*
Dominion Iron & Steel— Pref stock 7% cum convertible. ..
First mtge gold subject to call at 110 sinking fund------ z
Consolidated mortgage $20,000,000 auth red 105 . . - - - - - - z
Dominion Steel Corporation— Com stock auth $50,000,000-Pref stock 6% cum red 110. Convert, by holder Into com
D riggs-Seabu ry O rd C o rp — Com auth $10,000,000-------First preferred 7% cumulative authorized $500.000-------Second pref 6% non-cum conv $500.000-------- -— - ------First m tge serial bonds due $300,000 annually gold calljlOlc*
Duluth Edison Elec— Com stk $1,000,000 autn i V 86, p 1533)
Pref stock $1,250,000 (auth a & d) 6% cum red 120----- - First mtge $2,000,000 gold red 105 sinking fund
..O B x
(E I) du P o n t d e Nem ours & C o — Com stock $80,000,000
Debenture stock 6% red at 125% cum voting $10,000,0001
do
do
do non-voting $150.000.000____________ I
(E I) du Pont de Nemours Powder— Comstock ($.3.50q.fKH»_
Preferred (a & d) stock 5% cumulative (see text) $500,000
Bonds (not M) $16,000,000 g red at 110: opt V 95. u 969.x
du Pont Bldg Corp 1st M 51.500,000 g lnt gu red 110..xc*
East Ohio Oas Co— 1st M $25,000,000 g s f call 105-.-N.xo* &r
Eastman Kodak— Common stock $25.000,000------------------Preferred (a & d) $10,000,000 6% cumulative............
note
Bonds
1902
1895
1905
1899
1909
1915
1906
1906
1910
1909
Amount
Outstanding
Par
Value
Rale
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
$100 $16.965.1007M In ’ 16 O — M M a r 1 ’ 17 3% B y check from N Y Office
i
Q— J15 Jan 15 1917 1 M By check
100 32,282.180 See text
1,991,013
Bankers Trust Co, N Y
1,000 12,526,000
5 K A & (J Oct 1 1927
do
do
M & S Sept 1 1920
6g
1,200,000
1,000
do
do
F & A Feb 1 1917 3 Vi
3.000.
000
100
N E T r Co, Bost & Mont
M & N May 1 1940
6.301.500
5g
500 &0
See text A & O A pr 1 1917 3 H
5.000.
000
100
Bank of Montreal, Can
J & J July 1 1929
6.652.000
M & S Sept l 1939
7.426.533
'$'&*£
f !
do
do
1%
100 See text. See text See text Ian 2 '14
Q— F Feb 1 '17. IV i Can. Bank o f Commerce
7.000.
000
6
T ext
June 15 ’ 16 5% N ow Y ork
loo 8.835.500 T ext
do
Q— M Dec 15 ’ 16 I K
7
500.000
100
do
Q— M Dec 15 *16 \Vi
467,500
6
100
J & D 30 Dec 1917 to 1920 Franklin Trust Co, N Y
6g
1.152.000
1.000
500.000 See text See text See text
100
1.150.000 6 in 1916 Q— J Jan 2 1917 1 X Guaranty T r, N Y : & Bos
100
Old Colony Trust Co. Bos
M A S Moll 1 1931
1.433.000
1,000
5g
Chocks mailed
Q— M 15 D e c l9 l6 26°
100 58,854.200
do
do
Q— J 25 Jan 25 17. 1)
6
100 60,813,950
10
100
1,000
1.000
1.000
too
100
Iron & Steel common. Cumberland R y . & Coal Co. owns coal areas near
Glace B ay, N . 8.. and road Springfield Jet. to Parrsboro, N . S., 32 miles.
See V . 91, p. 1772, 1632. 1576; V . 92, p. 186.
S T O C K .— Common, $50,000,000 auth.; outstanding Feb. 15, 1917.
$37,097,700. or which $5,000,000 held by constituent cos.; nar. $100.
Dividends on common, July 1911 to Jan. 1914, 4% yearly (1% Q.-J.). In
April 1914 the dividend was omitted. V. 98, p. 765. V. 91. p. 1330.
The stockholders on Jan. 15 1912 authorized an Issue of $17,800,000 6%
pref. shares, of which $7,000,000 were Issued In exchange for $3,500,000
each of 6% Income bonds of Dominion Iron & Steel and Dominion Coal
cos., to finance development. V . 94, p. 122, 126: V . 93, p. 1467: V. 94, p.
210,282.1188. 1319. Digs, on Steel Corp. pref. paid in full to Feb. 1917.
N O T E S .— Th e 5-year 6% notes dated Dec. 1 1913 (£1,000,000 auth.
issue) are secured under a trust deed to the National Trust Co. o f Canada
by £734,000 Dominion Iron & Steel Co. 5% consols and $975,000 Cumber
land R y . & Coal Co. 1st 5s. Th e remaining £300,000 may be issued against
deposit o f £220,600 Dom. Iron & Steel 5s and £179,400 Cumb. R y . & Coal
1st M . bonds, or after the redemption o f £308.000 o f present issue, without
further security. V. 97, p. 1586. 1429. Employees’ 6% debentures out
standing M a r. 31 1916. $59,803. Dominion Shipping Co. serial debentures,
payable monthly, $255,000, until Aug. 1917.
R E P O R T .— For year ending M ar. 31 1916, in V. 102, p. 2250, shows:
M a r.3 1
Net
Interest on Sink.Fiind, Pref.Div.
Corp.
Balance,
Year.
Earnings. Bonds,Ac. D epr.,& c. Sub. Cos.
Divs.
Surplus.
1915-16.$7,004,317 $1,590,086 $1,419,006 $560,000 $420,000 $3,015,225
1914-15- 3;57 lj)58 1.651.522 1,064,280 210,000 420,000
225,256
T o ta l surplus M a r. 31 1916, $4,037,389. Production cal. year 1915 in
V . 102, p. 254. Pres., M a rk Workman, M ontreal.— (V . 103, p. 581.)
Dominion Coal Co., Ltd.— O R G A N IZ A T IO N — Incorporated In 1893.
Pref. Is entitled to 115% out of assets ahead of common in dissolution.
Output for year ending Mch. 31 1916, 5.261,198 tons, against 4,550.512
In 1914-15. Bonds (R oval Trust Co.. Montreal, trustee) see V. 80. p. 1.481,
1732: V . 88. p. 1562, 1624: V. 89. p. 106. Coal 6% dobs.. $3,500,000: Ree
D om . Steel Corp. above.— (V . 100, p. 1513; V . 102, p. 1542; V. 103, p. 581.)
Q— F Feb 1 ’ 17, 1H
2,942.710See text
Feb 1 ’ 17 I H
289,100 5 in 1916 Q— J
1.971.000
4M> g J & D June 1 1938
1.400.000
J & D 1940
5g
J & J July 1 1939
5g
17,321.000
See text
19,538,400 See text
Jan 1 1917 1 Vi
6.165.700j
6
8rJ
Checks mailed
do
Guaranty Trust Co, N Y
New Y ork Trust Co, N Y
Rochester. N Y A Lond
do
do
the only amounts to be Issued at present. W hat portion o f the debenture
stock will be issued as voting stock depends on the acceptance o f the option
extended to the holders o f the old pref. shares; any voting debenture stock
so Issued w ill be exchangeable at holders’ option prior to A pr. 25 1916 for
non-voting debenture stock on basis o f $100 o f tho latter for $83 1-3 o f the
voting debenture stock. V . 101, p. 616, 848, 1275.
, ..
Rights o f Debenture Stock.— Except as to voting powers tho rights o f both
debenture stocks w ill be identical.
A ll debenture shares w ill bear cumula
tive dividends o f 6% p. a., may bo called for payment at $125 per share,
anti have preference as to assets for both principal and accumulated d ivi
dends. N o mortgage or other specific lien may do placed upon any o f the
property without the consent o f ?5% o f the total debenture stock outstand
ing, but this does not apply to purchase money mortgages or liens upon
property purchased, or collateral loans for cash advances In tho ordinary
course o f business, provided they do not run more than throe years, ’lh e
voting deb. stock w ill have equal voting rights with the common stock.
Tho non-voting dob. stock has no voting privileges except that (a) In
caso o f default for 6 mos. in the payment o f any dividend theroon, tho voting
and non-voting debenture stockholders will have the solo right o f voting
until the company shall pay all accrued divklonds on said debenture stock:
and (&) in caso o f the net earnings in any cal. year amounting to loss than 9%
on the debenture stock, then tho debenture stockholders of both classes will
have equal voting rights with the common until the not earnings for some
future year equal 9% on the debenture stock. V . 101, p. 616, 848,1275.
D IV ID E N D S ( % ) — Dec. 1915. Afar. 1916. J'ne 1916. Sept., ’ 16 D ec.
,16
g ? S “4 g 8h: : : ; ; : ; :
W
.
„ | L
M
19%
19.2% at 96 19.5%
----Anglo-French bonds._ ______
A N N U A L R E P O R T .— For year end. Dec. 31 1916, see V . 104, p. 656. •
Calendar Years—
1916.
1915.
Gross receipts for years ending Dec. 31-------------- $318,845,685 N o t stated
T o ta l net earnings (including subsidiary co s.)------- 82,107,693 $57,840,758
-------Int. on bonds o f E. I. du Pont de Nem . Powder Oo.
1,715,033
Divs. paid on deb. stk. o f E .I.du P. de N . & C o . . (6)3,648,222
D ivs. on com. stk. o f E. I. du P. do N . & C o ..(100)58,854,200 24,136.672
D ivs. on subsidiary company stocks------------------6,450
Earns, capitalized in reorg. and now represented by
.......... 29,955,799
a portion o f stock o f new co. iss’d in Oct. 1915—
D om inion Iron & Steel Co.— Works at Sydney, Cape Breton: daily caDacltv 1 000 tons o f steel. Owns six blast furnaces, open-hearth plant,
billet m ill, blooming mill and rod mill. See V. 79, p. 2203. Rail m ill,
700 tons daily capacity. Present capacity, 400,000 tons o f finished steel
Balance carried to profit and loss-------------------$19,598,821 $1,449,804
per annum? V. 77. p. 149; V. 81. p. 1549; V. 90. p. 1042; V. 92. p. 1433:
V . 94 p. 1319; V. 97, p. 1586. Th e soml-ann. div. on prof, stock due Oct. 1 P ro fit and loss surplus Dec. 31___________________ $28,567,038 $8,968,217
1914 was deferred. In Apr. 1916 dividends wore rosumed at the regular
O F F IC E R S .— President and Chairman o f Board. Pierre S. du Pont; Vice
rate o f 3Vi % semi-annually. V. 102. p. 1063. In July and again in Oct.
Presidents, H . M . Barksdalo, E . G . Buckner, Frank L . Connablo, Ironoe
1916, 7% was paid. 1917, A pril, 3% . V .' 103, p. 940.
du Pont, J. A . Haskell. Charles L . Patterson, H . G . Haskell. Frank G.
B O N D S .— O f $20,000,000 consols., sufficient reserved for underlying Tallman; Lammot du Pont, H . F. Brown, R . R . M . Carpenter, W illiam
bonds. V. 87, p. 99; V. 88. p. 1064. 1315.1624: V. 89. p. 106: V- 91.p. 1028. Coyne, Secretary, Alexis I. du Pont; Treasurer, John J. Raslcob.
V . 93, p. 1467: V . 96, p. 1698; V . 97, p. 804. See above.— (V . 103, p. 940.)
D IR E C T O R S .— Th e aforesaid officers and Henry Bolin Jr., A . Felix
D R IG G S-SEABU R Y ORDNANCE C O R P O R A T IO N .— O R G A N IZ A du Pont, Eugone E . du Pont, H. F . du Pont, J. P . L a ffey .— (V . 102,
T I O N .— Incorp. in Del. on Aug. 16 1915, and purchased the assets o f the p. 803, 881, 889, 1063, 2079; V. 103, p. 846. 2158; V. 104, p. 167, 656.)
Drlggs-Seabury Corp., and In Dec. 1915 the Savage Arms Co. o f Utica, N .Y .
E.
I. DU P O N T DE N E M O U R S P O W D E R C O .— O R G A N IZ A T IO N .—
Manufactures munitions.
In Dec. 1915 the common stock was increased from $3,000,000 to $10, Incorporated In N . J. M a y 19 1903. V. 85, p. 342; V. 92, p. 1704; V . J)4,
000,000 to purchaso the Savage Arms Co. Holders q f record Dec. 16 were p. 1386, 1629, 1698; V. 95, p. 51, 113, 969; V. 97. n. 1901. On Oct. 1 1916
entitled to subscribe at $125 to the extent o f 155% o f stock held. V . 101, the (E . I . ) du Pont do Nemours & Co. purchased this company.
p 2074 1888. Common stock was listed on N . Y . Stock Exchange in
D IV ID E N D S .— From Feb. 1916 to Fob. 1917, incl., paid 1 )4 % (quar.)
June 1916. V . 103. p. 64.
on common shares.— V . 102, p. 348, 889, 1813, 1900, 2079, 2170.
D IV ID E N D S .— On common for period from Jan. 15 to M a y 31 1916,
D U Q U E SN E L I G H T I N G C O ., P IT T S B U R G H .— Seo “ Elec. R y .” Sec.
at rate o f 20% per ann., N o . 1, M a r. 16, 2V6%1 N o . 2, Juno 15, 5% ; Sept.,
nono on common, owing to unavoidable delay In shipments, but usual
E A S T OHIO OAS CQ.— O R G A N IZ A T IO N .— Incorporated In Ohio In
amounts were paid on 1st & 2d pref. V. 103, p. 846.
1910 by consolidation of the original East Ohio (natural) Gas Co. and tho two
S T O C K .— See table. The 2d pref. Is convertible at holders’ option from
artificial gas companies In Cleveland known as the Cleveland Gas Light
& Coke Co. (estab. 1846) and the People’s Gas L t. Co. (estab. 1868). Owns
Aug. I 1916 to Aug. 1 .918 Into common at 100.
about 2.000 miles of distributing pipes, supplying gas exclusively to a popu
B O N D S .— Th e $1,500,000 1st M . 6% serial bonds, dated 1915, mature
$300,000 each Dec. 31 from 1917 to 1920, but callable all or part on any lation of upwards of 1,000,000 people In Cleveland and 31 other cities and
towns; also owns 403 miles o f pipe lines, conveying natural gas from W est
interest date at 101 and lnt. Trustee, Franklin Trust C o.. N . Y .
Virginia to the distributing systems In tho above-mentioned municipalities.
R E P O R T .— For cal. year 1916, in V . 104, p. 657 (incl. Savage Arms C o.): In N o v . 1912 purchased Akron Gas Co. and Mohican Oil & Gas Oo. and
Sales, $9,147,748; total profits, $3,289,711: int., deprec’n, &c., $2,513,954. was authorized to construct a new supply pipe from the Ohio River to CloveD ivs. on D . S. & O. stock. 1st pref., $43,750; 2d pref., $36,825; com., land to carry gas needed from West Va. fields. V . 95. p. 1334; V . 96. p.421.
$659,550; com. divs. (on Savago Arms C o .), $140; bal., sur., $35,492.
S T O C K .— $10,000,000 7% cum. pref. and $10,000,000 common stock.
O F F IC E R S .— John Stevenson, Chairman o f the Board; Pres.,A. E .
Borio; V .-P . & Gen. M g r., W . L . Wright; Troas., H . II . Moyers; Sec., Stock Is mostly owned by former Standard Oil Oo. interests. V . 90, p.
375. 629: V . 92, p. 661: V . 101, P- 2170.
S. B. Pra tt. W m . Morris Im brie & C o., N . Y .. aro Interested. N . Y .
office, 50 Church St.— (V . 103, p. 64, 846, 2081; V. 104, p. 657.
B O N DS.— The entire Issue of bonds may be redeemed on any lnt. day at
105 and accrued Int., and the company covenants to pay to the trustee on or
D U LU TH EDISON ELECTRIC CO.— O R G A N IZ A T IO N .— Incorporated
In Minnesota In 1906 as successor of the Duluth General Electric Co. Has before Oct 15 of each year, beginning In 1911, the sum of WOO.OOO for retire
unlimited franchise and 10-year contraot with Great Northern Power Co. ment o f bonds at not to excocd 105 and int. Th e $5,000,000 bonds un
expiring July 1917 to provide power on advantageous terms. V. 82, p. 572. issued are reserved for only 80% o f the cost o f permanent improvements and
extensions, but only when the net earnings show 1K times the bond Interest,
D IV ID E N D S .— On pref., 1 Vi% quar.. July 1906 to Jan. 1917, lnol.
ncludlng Interest on bonds then applied for. V . 92, p. 661. In N o v . 1912
B O N DS.— Of the bonds ($2,000,000 authorized Issue), the unissued obtained authority to Issue $5,000,000 additional bonds to purchase Akron
$567 000 are issuable for 80% of cash cost of additions and Improvements, and Mohican Gas cos. and for Improvements and new mains; amount out,
provided for 12 months preceding net earnings shall have been twice the $18,500,000 ($1,000,000 additional being In treasury). Th e Akron com
Interest charges. Including the additional bonus. See V. 82, p. 572.
pany has $400,000 5s due Oct. 1 1947 (V . 66. p. 234) and $396,366 dob. 5a
E A R N IN G S .— Statement for year ending A pril 30 1915 (latest available) due 1921. V . 95. p. 682. 969. 1334: V . 96. p. 364, 421: V /97. p. 1118.
E A R N IN G S .— For cal. year 1914, gross, $10,641,341; net, $3,355,810;
in V . 101. p. 133 showed: Gross. $510,713; n e t,$188,929; interest, $67,650:
bond Int., $864,422; prof, divs., $700,000; bal., sur., $1,791,388.
sink, fund, $25,000; prefi div. (6 % ). S69.000; bal., sur., $27,279.
Pres A . W . Hartman; V .-P., S. Z. Mitchell; Sec., C. E. Van Bergen;
D IR E C T O R S .— A . C . Bedford, M . B. D aly (Pros.), Caleb E . Gowen,
Treas F. Hartman. Duluth. Minn,; Asst Sec. and Treas., A E. Smith,
F. B . Enslow, J. W . R . Crawford, II . V . Shulters (Sec.-Treas.). S. H .
71 B ’w ay. N . Y . — (V . 92. p. 1568; V . 93. p. 1326; V. 101, p. 50. 133.)
Tollos. O ffice. Cleveland, O.— (V . 96. p. 421. 1118; V. 101, p. 2170.)
E. I. DU PONT DE NEMOURS & CO. (o f D ela .)— Incorporated In
E A S T E R N SS. L IN E S .— V . 103, p. 846, 1121, 1213, 1794, 1983.
Delaware on Sept. 4 1915 and an Oct. 1 1915 succeeded to tho ownership o f
E ASTM AN K O D A K CO. (OF NEW J E R S E Y ).— O R G A N IZ A T IO N .— I n '
all the properties o f tho E . I. du Pont de Nemours Powder Co. o f N . J.
(ner plan In V. 101, p. 616, 696, 848). with no change In tho management, oorporated In New Jersey Oot. 24 1901 as an amalgamation per plan V . 73*
and without croation o f bonded dobt or fixed charges. In Dec. 1915 pur o. 1114, of various operating companies, of which lt owns praotlcally all the
stock. See list V . 67. p. 1160, 1207; V . 69. p. 387; V. 75. p. 735. 613; V. 77.
chased the Arlington Co. o f N . J. for about $6,500,000. V . 101, p. 1888.
In Jan. 1917 arranged to purchaso tho property o f Harrison.Bros. & C o., p . 253, 300: V . 89. d . 1225; application to list, V . 80, p. 1477: V. 93, p. 1728;
In c o f Phila. (subject to approval o f latter’s stockholders M a r. 15), for V . 97, p. 731: V . 98, p. 1540. Judge Hazed In tho U . 8. District Court at
Buffalo on Jan. 18 1916, in tho suit for allegod violation o f tho Shorman
$5,700,000 cash. V. 104, p. 167, 450.
Capitalisation.— T h e authorized capital stock Is $240,000,000 in shares o f anti-trust law, caused it to be understood that If the company did not,
$100 each, v iz ., (a) $150,000,000 6% cumulative non-voting debenture within 30 days, present a plan for a division o f Its business so as to restore
competitive conditions, the Court would undortalco tho task. Affairs are
stock (b) $10,000,000 6% cumulative voting debenture stock, (c) $80,000,
000 common stock. Tho purchase price o f the properties under tho afore In statu quo pending an appeal to tho U. 8. Supromo Court. V . 102, p. 440,
1063, 1438, 1900: V . 101. p. 696; V. 96, p. 1705; V. 97. p. 731; V. 99, p.
said plan was $120,000,000, whereof $1,484,100 was payable In cash and the
1676; V . 100,jp. 1755. Patont suit settled, V. 102, p. 1062. V . 98, p.
remainder in stock o f the now company, namely $59,661,700 debenture
841. 1002. 1159.
stock (voting and non-voting combined) and $58,854,200 common stock.
F e b ., 1917.]
INDUSTRIAL STOCKS AND BONDS
M IS C E D D A N E O US C O M P A N I E S
(F or abbreviations, & c., see notes on first page)
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and M aturity
Edison Electric Ilium Co, Boston— Stock (bonds, see t e x t )- .
$22,528,000 12Inl916 Q— F Feb 1 1917 3%
Coupon notes callable on 4% basis_____________________OB 1917
F & A Feb 1 1922
10,000,000
5
Edison Electric Illuminating— See Kings County Electric Llg ht & P ower and Consolidat ed Gas C 0 of New Y ork
Electric Storage Battery— Stock ($120,000 Is preferred— text)
100 16.249.425 4 In 1916 Q— J Jan 2 1917 1%
Elk H orn Coal C orn—
Ton-yr s f g eonv notes call 105 & Int any int date $9,500,000 1915
4.790,000
6g
J & D Dec 1 1925
l ’ rof stock 6% and participating red at 112 M ____________
N ew
6,600.000
J & D 15 Dec 1519163%
Elk Horn Fuel Co 1st M eonv g notes red 105 see toxt G.xc* 1913
1,949,500
Sg
M & N M a y 1 1918
Mineral Fuel Co 1st M sinking fund______________________ 1913
475,000
5
M a y 1 1943
100 10,132.600
Emerson-Brantingliam Co— Common stock $30,000,000____
Preferred stock (a & d) 7% cum red 115 (te x t)_ ............
100 12,170,500 See text Q— F Aug 1 1914 1 H
100
Empire Steel & Iron— Preferred (p & d) stock 6% c u m ...
2,500.000 See text
J a n l 1917.3%
Equitable Illuminating (las Light Co of Phila— Com stock
3,125.000
Dec
(? )
Pref (a & d) stock 6% (dlvs paid regularly since org ) .
3.125.000 6 In 1916 J
& D Dec 15 1916 3
1,000
First mtge gold red 105 for sinking fund of $124,000yearly 1898
5g
J & J Jan 1 1928
(?)
100
Eureka Pipe Lint— Stock $5,000,000__________ _____ ________
5.000,000 24 In *16 See text Feb 1 ’ 17 6%
Fairmont Coal Co— See Consolidation Coal Co
100
Federal Mining & Smelting— Common stock $10,000,000—
6.000,000
Q— J Jan 15 1909 1 H
100 12.000.000 i l i ' i n ’ 1(5 O— M M ar 15 ’ 17 1%
Preferred (a & d) 7% cumulative $20,000,000 authorized
100
Federal Sugar Refining— Common stock_____________________
6,677,200 See text
Q— F Oct 30 ’ 13. 1)4
100
Preferred (a & d) stock 6% cum red eonv (te x t)----------3.322.800 6 In 915 Q— F •Tati29 ’ 17. 1)4
1,000 Seo below
Gold notes $2,000,000 (V99,pl370). to bo jraid o ff M a y l’ 17 1914
5 g
Q— F M a y 1 1917
do for refunding above notes call 101-------------- Ba.c* 1917
1,000
2,000,000
J & J Jan 1 1920
5g
F ish er B ody C orp— Pref (a & d) stock 7% cum auth $6,
000,000 s fd call 120................................- ------- --------------5.000,000
N ew
Q— F Feb 1 1917, 1%
Qalena Signal Oil Co.— Common $12,000,000------------------12,000,000 See text See text M a r 1 ’ 17, 3%
Preferred 8 % _____________________________ _________________
2.000.000 8 In 1916 Q— M M a r 1 ’ 17. 2%
G a ston , W illia m s & W igm ore— Stock auth 300,000 shares..
300,000sh See text See text Feb 15 1917 $1
Serial notes duo S I,000,000 y ly all or any call at 101 y G .c * 1916
5.000,000
6g
A & O 15 Apr 15 1917-’21
Extra Dividends on Common Stock lAdditional to 10% per an., 2 ) i % Q .-J .)•
Year—
’05. ’06. ’07. '08. ’09. ’ 10-’ 13. ’ 14. ’ 15. ’ 16.’ 17.
E x t r a ________________ % 2 7Jj 10 15 20 30 y ’ly 20 50 40 text
Extra payments in 1917, Feb. 10, 10%; M arch, 10%.
Keport for cal. year 1915, incl. sub. cos. (.V- 102, p. 1537), showed:
Cal.
Net (after Pref. Dies.
Common
Balance,
Total
Year— Deprec'n).
(6 % ).
Dividends.
Surplus.
Surplus.
1915----- $15,741.4o3 $369,942 (60%)$11.719,680 $3,651,831 $15,426,289
1914____ 11.313.012 369,942 (30% ) 5,859,840 5,083,230 11,774.458
Pros., Goorgo Eastman: 1st V .-P . & Troas., llonry A . Strong. O ffico
Bochester, N . Y .— (V . 102, p. 440, 1063, 1438, 1900; V. 103, p. 1414, 1595
1794,2082; V . 104. p . 75.)
'
’
EDISON ELEC TRIC IL L U M IN A T IN G CO. OF BOSTON.— O R G A N I
Z A T IO N .— Incorp. In 1886. Does entire electrlc-llghtb uslness of city .
V . 81. p. 157; V. 88, p. 454; V. 88. p. 1132; V . 94, p. 1190: V . 95. p. 422
S T O C K A N D N O T E S .— In Jan. 1917 petition to issue $2,252,800’ (or
10%) now stock was withdrawn and an fssuo of $10,000,600 5-yoar 5%
notoswas sold (callablo at 104); these must bo secured by any future mtgo.
151)
Places Where Interest and
Dividends are Payable
Bv check
Old Col T r Co, Boston
Checks mailed
Guaranty T r Co, N Y
do
do
Checks mailed
do
Philadelphia
do
New Y ork Trust Co, N Y
Checks mailed
Checks mailed
do
Checks mailed
do
Bankers Trust Co, N Y
N ew Y ork
N e w 'Y o rk
Checks mailed
do
N ew Y ork C ity
R E P O R T .— For year ending Dec. 31 1915, In V . 102, p. 1252:
Calendar
Value o f
Net
Other
Gen.Exp.
Preferred
Balance,
Year—
Products.
P rofit.
Income. D ep r.,& c. Dividends. D eficit.
1915..........$2,782,659 $455,939 $352,663 $498,234 (4)$479,444 $169,077
1914.......... 2.200,778 189.093 702,463 339,160 (5) 599,305
46,909
Chairman & Pres., Francis H . Brownell; Sec., B. H oyt; Treas., F. O.
Druding.— (V . 102, p. 1252, 2344; V . 103. p. 1891; V . 104, p. 667.
F E D E R A L SUGAR R E F IN IN G CO.— Incorporated in New Jersey June 19
1902: re-lncornorated In New York May 3 1907. V. 84, p. 1117. Plant at
Yonkers, N . Y . Operations begun Aug. 1 1904. Capacity now 10,000
barrels a day. V . 84, p. 691. Process, V . 74, p. 1358. Pref. stock Is sub
ject to call at 125 and convertible Into com. stock at par. 1 Description,
V. 84, p. 691. Business in 1916, V. 103, p. 1305, 2431. D lv. on common’
stock 1912 to Oct. 1913, 5% yearly (Q .-J.); none since. Notes, V . 104, p.
75.
Official statement Juno 19 1916, V . 103, p. 69; on Sept. 30 1916, net cur
rent assets (including sugar, &c.) aggregated $2,996,009. against note Issue
o f $2,000,000. V. 104, p. 76. Status A pril 1913, V . 96. p. 1159. Pres.,
Claus A . Spreckles; V .-P ., Louis Spreckles; Treas., Pierre J. Smith; Sec.,
A . H . Pla tt. Office, 91 W all St.. N . Y . — (V . 101. p. 697, 1716; V . 103, p.
58, 69, 1305, 2431; V . 104, p. 75.)
F IN A N C E & T R A D IN G C O R P ., N . Y .— (V . 102, p. 1063, 1629; V . 103.
p. 64.)
F IR E S T O N E T I R E & R U B B E R C O .— (V . 103. p. 1794; V . 104, p. 366.)
D IV ID E N D S .—
/ ’03-’06. 1907 to 1909. ’ 10. ’ 11-’ 16. 1917.
Since 1901............................ %1 10 y ’ly 10 y ’ly & 1 ext. 11 ^ 12 y ’ly 3 ,- ,- ,B O N D S .— Bonds are $1 250,000 1st consol, gold 5s (int. M . & S .), duo
Sept. 1 1924, and $135,000 Woburn L igh t, Iloa t & Power Co. 6s, duo 1918.
Int. A . & O. at M ercantile Trust C o., Boston; coupon notes, $28,500;
real ostato mtges., A c., notes, June 30 1916, $1,815,000. V . 83. p. 1101:
F IS H E R B O D Y C O R P O R A T IO N (O F N. Y . ) . — O R G A N IZ A T IO N .—
V . 84. p. 934; V. 96, p. 1125. N otes see above.
Organized in N . Y . State Aug. 1916 and acquired either directly or through
R E P O R T .— Report for yoar end. Juno 30 1916, see V . 103, p. 2077.
stock ownership, the business and properties o f Fisher Body C o. (1908) and
Year— Cross.
Net.
Oth. Inc. Int.A Tazcs. D iv.t 12% ). Bal. Stir
Fisher Closed Body Co. (1911), both o f D etroit, and Fisher Body Co. o f
1915-16--$8,302,814 $4,677,397 $124,050 $1,230,994 $2,702,184 $868,269 Canada, L td. (1912), o f Walkerville, Ont. Capacity 370,000 automobile
1914- 15-- 7,429,124 4,002,292 118,909 1,214,925 2,457,174 449,102 bodies per annum. In Oct. 1916 purchased portion o f D etroit plant o f
O F F IC E R S .— Pres., Charles L . Edgar; Treas., T . K . Cummins. Office
Regal M o tor Car Co. V. 103, p. 1690, 1893.
70 State St., Boston, Mass.— (V . 101, p. 1990; V. 103, p. 1034 1983 2077 )
C A P I T A L IZ A T I O N .— (N o mortgage or funded debt outstanding.)
V. 104, I). 563.
Pref. stock, par $100, auth., $6,000,000, to be presently issued, $5,000,000:
ED M UN D S & JO N ES C O R P — (V . 103, p. 496; V. 104, p 667
common stock, no par value; auth. and to be presently issued, 200,000
shares. A syndicate headed by Hallgarten & Co. and Eugene M eyer Jr.
E L E C T R IC B O N D & S H A R E C O .— V . 103, p. 2158: V. 104. p. 75.
& Co. purchased $5,000,000 o f the pref. and part o f the common. Pref.
E L E C T R IC S T O R A G E B A T T E R Y — Seo page 206.
stock Is 7% cum., pref. as to principal and dfvs. and callable at 120 and
divs.; sinking fund beginning in Aug. 1915, 15% o f net earnings, after de
E L K H O R N C O A L C O R P O R A T IO N .— See pago 205.
ducting prof, dividends. See V. 103, p. 581, 760, 1510. Pref. dlv. N o . 1,
EM ERSON-BRANT1NGHAM C O — O R G A N IZ A T IO N .— Owns at Rock 1 3A paid N o v . 1 1916. N o . 2. 1 % % . Feb. 1 1917.
%
ford, 111., (a) farm machinery plants located on 160 acres of land, (b) Plant
E A R N IN G S .— N ot operating profits years ending Feb. 29: 1913-14,
for manufacture of carriages and wagons for country trade (business estab
$369,321; 1914-15. $576,945; 1915-16, $1,390,952; after deducting in each
lished In 1852). In 1912 purchased the Gelser Mfg. Co. (established 1869),
with plants at Waynesboro and Greoncastlo, Pa.; Reeves & C o., Columbus, case provision for depreciation and all expenses except interest on indebted
Ind.; Gas Traction Co. (V . 94, p. 1189), Minneapolis, M inn., and W inni ness retired at organization o f new company. For N o v. 1916 sales were
peg, Can., and La Crosse Tool C o., Chicago Heights, 111.; N ewton Wagon $1,650,000, an increase o f $180,000 over Oct. 1916; Increase for 9 mos. end
C o., B atavia, 111.; American Drill C o., M arlon, Ind.: Rockford Engine ing N o v. 30 1916, 65.59%. V. 103. p. 2346. Pres., F. J. Fisher, D etroit.
C o., R ockford, I.. V. 95, p. 363. Operations Aug. 1916, see V.103,p.667. — (V . 103. p. 1510, 1690, 1891, 1984. 2346.)
F IS K R U B B E R C O .— See V . 102, p. 714, 889; V . 103, p. 1121, 1690.
S T O C K .— As to pref. stock, see V. 95, p. 363: V. 97, p. 1507. N o bonds.
F O R D M O T O R C O .— V . 102, p. 1629; V . 103, p. 496, 847, 934, 1510,
D IV ID E N D S .— On pref., l 'A % . paid N o v . 1 1912 to Aug. 1 1914.
1595; V . 104. p. 167.
T h e quarterly divs. duo N o v. 1 1914 and subsequently and the annual pref.
sink. fd. payments were omitted. V . 99, p. 1054.
G A IR (R O B E R T ), C O „ B R O O K L Y N . N . Y — (V . 102, p. 2164, 2170.)
R E P O R T .— For year ending Oct. 31 1916, V . 104, p. 557, showed:
G A L E N A -S IG N A L O IL C O .— O R G A N IZ A T IO N , & 0 .— Incorp. In
Oct. 31
Net
Other
A dm in.,
In t. on
Depre•
Balance,
Penn. In 1901. Deals in railroad lubricating and signal oils. Formerly
Year—
Profits.
Income, cSc., Exp.
Loans.
elation.
'
Surplus. controlled by Standard Oil Co. out segregated In 1911.
1915-16...$704,648 $352,842 $373,086 $208,231 $125,000 $351,173 D IV ID E N D S .—
11912.
1913.
1914 to M a r. 1917.
______
1914-15.. . 529,218
371,231
394,359,, 304,438
201,652 (Cash) % -------------------------------- J 16
14
12% (3% Q .-M .)
Pros., C . S. Brantingham, Rockford, 111.— (V . 104, p. 557.)
Com.stock, $4,000,000 was distributed M a y 15 1913 as a 50% stock dlv.
Bal. sheet Dec. 31 1915, V . 102, p. 1349.
E M P IR E R E F IN IN G C O .— V. 104. p. 365.
Chairman, Gen. Charles M iller; Pres. & Gen. M g r., S. A . Megeath;
E M PIR E STEEL A IRON CO.— Incorp. In N . J. in 1899. V . 68. p. 524. Lauren J. Drake Jr, Geo. O. M iller and O. C . Stoinbrenner, V.-Pres.; Sec.,
J. French M iller; Treas.. J. French M iller. Office, Franklin, Pa .— (V . 97
Common stock. $1.25-1,770. V.85, p. 1211. Preferred, seo table.
D IV S .-l ’02. ’03. '04. ’ 05-’06. ’07-’08. ’09. '10. ’ l l . ’ 12. 1913. ’ 16. 1917. p. 598; V. 98, p. 455, 916; V. 100, p. 1352; V. 102. p. 979,1349, 1438.)
On pref) 3 3 K 2 ^ 3 yrly 6 yrly 4H 6
3
0
2
5
3, —
G A S T O N . W IL L IA M S & W IG M O R O , IN C ., N . Y .— Incorp. In N . Y .
Accumulated dlvs. Fob. 1917. 45Ys%D ivs. resumed in 1916.
State Oct. 10 1914, exporter’s and importers and does a shipping business,
Pros., Leonard Pocldtt, Catasauqua, Pa.; Sec. and Troas., J. S. Stillman, owning, operating and controlling the Globe Line (Gaston, Williams &
Catasauqua, Pa . N . Y . office, 30 Church St.— (V . 102, p. 714,803.)
Wigraore SS. C orp.), which has steamships aggregating 30,000 tonnage;
has two ships aggregating 11,200 tons under construction for delivery in
E Q U ITA B LE (IA S L IG H T (OF N. Y ) — See Consol. Gas Co.
1917 and sends a largo amount o f business by other lines and chartered
E Q U IT A B L E I L L U M IN A T IN G G A S L I G H T C O. O F P H IL A D E L - vessels. See V. 102, p. 1438, 1900. Official statement to N . Y . Stock E x
P H I A . “I\orin€Kl
1898 to tako assignmGnt o f the lease o f tho gas works change, V . 103, p. 2076. Initial dividend, $1 per share, was paid July 26
o f Philadelphia from tho city to tho United Gas Improvement C o., and to 1916; N o v . 15, $1; 1917, Feb., $1. V. 103, p. 64. 147.
oporato tho same. Seo V. 84, p. 1304; V . 84, p. 1370; V. 66, p. 436.
E A R N IN G S .— From April 20 1916 to N o v . 30 (7.4 months), total net
D IV ID E N D S .—
is o s , 1899. 1900.
1901 to Dec. 1916. earnings, after interest charges, were unofficially reported as $2,462,000;
Common ( % ) . .........................
4
6
6
6 yearly
two dividends o f $1 each, $600,000; bal., $1,862,000. Compare V. 103,
Sinking fund to retiro stock in 1928.— (V . 96, p. 556; V . 101, p. 1976.)
p. 1510, 2076, 2431.
Directors are: Charles H . Sabin, Pres, o f the Guaranty Trust C o., Chair
(T H E ) E U R E K A P IP E L IN E C O.— O R G A N IZ A T IO N , & C .— Incorp
man; George A . Gaston, W m . H. Williams, J. A . Wigmore and M . J.
In 1890 In f f . ^ a - ^P L
v,n.3 Pipe line In W. Va. Form erly controlled by Budlong o f Gaston. Williams & Wigmore. Inc.; Frederic W . Allen and John
Standard Oil Co. o f N ew Jersey, but segregated In 1911.
W . Prentiss. A . W . Frank is Troas.— (V .103,p .2076, 2431; V .104,p .260.)
„ stock $5,000.000; par, $100. D iv. 10% paid quar. from M a y 1912 to
Feb. 1914; M a y & Aug., 8% ; from N o v . 1914 to Fob. 1917 incl., 24% (6%
G E N E R A L A S P H A L T C O — O R G A N IZ A T IO N .— Incorp. in N . J. on
May 19 1903 as successor of the N at. Asphalt Co., per plan V . 75, p. 188;
Report for cal.. y e a r 1916, in V. 104, p. 456, showed: Profits, $1,322,069;
V *6. p.1145: V . 79. p.101.2586: V. 80. d . 2218; V. 82. p. 1208.
Through subsidiary companies owns extensive asphalt deposits and pe
dlvs! (24%)', $ V | o d f f i ; bb i i : , T e f ^ 0 7 %
$
1915' I)r° fitS’ S" 2 ’247; troleum lands In Trinidad and Venezuela and gilsonite deposits in Colorado
and Utah; operates important mining, refining and shipping properties, pro
P a ^ V M O o T p . f e ' r i b ^ p . ^ s T 104; p M S ^ '
° mC° ’ 011 ° it y ' ducing a great variety o f asphaltic and other materials for paving, roofing,
painting, &c., and conducts a large paving business in N . Y . C ity, Phila.,
F A J A R D O S U G A R CO., P O R T O R I C O — (V. 103. p. 241, 1595,1886.) Buffalo, Toronto, Chicago, St. Louis, Kansas C ity and N ow Orleans.
call. Ac., see V .
243FL VE H
>1L i?.^366.TU F F & C H E M ,C A L C O.— (V . 102. p. 2158. 2346, p. STO C K .— As to right of conversion, $9,861,000; pref.,79. p. 2586; V . 92,
1371. Common stock outstanding,
see table.
D IV ID E N D S .—
11906. 1907. 1908. 1909 to 1915.
1916.
F E D E R A L M IN IN G & SM ELTIN G CO.— O R G A N IZ A T IO N .— Incoi*
2
2
5 yearly
1 K . 1 K . l K . l )£
p o r n t e d under laws of n ^ w a r e Jum; 25 1903.
Owns silver-lead mines In On preferred............. / 4
Tho accumulated dividends, 9 H % . were discharged in full in cash,
Ooeur d Alene district, Idaho. V . 93, p . 733. y , gg, p< iggg. y . 97 p# 1424.
1% in 1910 and balance, 8 )4 % , through payment in 1915 o f debentures
In 1905 Ainer. Smeltera Securities Co. (Am er. Smelting & Refining C o.)
issued representing same.
acquired about $3,000,000 common stock. V. 93, p. 1728; V . 99, p. 52.
D E B E N T U R E S .— In 1915 sold $2,000;000 10-year 6% debentures to
D IV S .— |-’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l ’ 12. '13. '14. ’ 15. '16. 1917.
Common __1 10 17 14 l
A
0 1)4 0
0
0
0
0
0
0 194 au retire $862,000 Barber Asphalt 6% debs, and $1,119,900 5% Gen. Asphalt
dobs. Sinking fund o f at least 10% o f net earnings to bo used to retire
P re ferred - l ---------In fulf to Dec. 1911-------- 6U 6U 5U 4 414
debentures, which will bocome due at once i f any mortgage is placed on any
In Dec. 1916 l \ i % quarterly; March 1917, 1yx % . y . 104, p. 6 6 7 '.""
o f tho property o f company or subsidiaries. V . 100, p. 815, 1171, 1352, 1670.
N E T E A R N IN G S (after depreciation).— For tho six mos. cud. Oct. 31
Bonds o f subsidiary companies: $1,167,395 N ew Trinidad Lake Asphalt
1910 wero $613,931.
deb. 6s. duo Jan. 1 1930: collateral loans Jan. 31 1916, 3297,700: mortgages
N o t profits for year to Oct. 31 1916 wore $976,475, against $449,560 for payable. $134,394. V. 70, p. 993; V . 71. p. 555; V . 79. p. 104; see also
yoar ending Oct. 31 1915.
securities owned, V . 73. p. 290.
160
INDUSTRIAL STOCKS AND BONDS
M IS C E L L ,A N E O U3 CO M P A N IE S
[F o r abbreviations, & c., see notes on first page]
Date
Bonds
General Asphalt— Pret (a & d) stk 5% cum call. llO & d lv . c .
1915
Debentures gold red par sink fund______________F P .K c *
Gen Baking Co— Common stock (510,000,000)......................Preferred (a & d) stock 7 % ~ _______ _____________________
1st & ref M g red 105 also for sink fd ------------------------G .c* 1911
Kolb Bakery pref stock dlvs guar red 110-----------------------do
do
1st M lnt and sinking fund guar----------- 1911
General Chemical Co— Common stock, §20.000.000 auth----Preferred (a & d) 6% cumulative, $20,000,000 auth_____
G en eral C ig a r Co, In c— Common stock $20,000,000-------Preferred stock (p & d) 7% cumulative $5,000,000______
General Electric— Stock ($105,000.000)....................... ...........
Debentures for Sprague stock $2,500,000 g red (text) — xo 1902
Debentures $60,000,000 g red 107 A not conv— B a.xc'& r* 1912
G en era l Gas & E lectric Co— Common stock $10,000,000P re f stock $7,000,000 7% cum & partic callable 12ft_____
Convertible preferred stock $3,000,000___________________
First Lien convert call 105 S20,000,000--.......... Eq.c*& r* 1912
Ten-year gold bonds $1,411,000 callable at par-------- G .c* 1915
Principa l Bond Issues o f Subsidiary Companies—
Pennsylvania Utilities Co 1st M $50.000,000gcall 105 c*& r* 1916
Rutland R y , L t & Power 1st M (closed)________________ c* 1906
Sand G Sc E l 1st R e f & ImpM$2,000,000 s f call 103 te x t.c * 1915
Bing’n L . II & P Co 1st R e f M (V 102,p 1719) call 105.G .c* 1916
2-year 5% secured gold notes--------------------------------------- 1916
General Motors— Common stock $40,000,000 authorized____
Preferred (a & d) 7% cum $20,000,000 authorized______
G en eral M otors C orp (N e w )— Common stock $82,600,000
P ref stock 6% cum non-vot red from Sept 1 ’ 18 at llO & divs
Girard Point Storage— First M guar p & 1 by Penn R R _ .k r 1890
Par
Value
Amount
Outstanding
$100
500 &c
*'!: 000.000
3, 400.000
100
100
500 &c
100
1,000
100
.
100
100
100
100
100 &c
500 &o
100
100
100
1,000
500 &c
100 &c
1,000
1,000
1,000
1,000
100
100
100
100
1.000
R E P O R T — Report for year ending April 30 1916, in V . 102, p. 1889.
1903, contains trading account, balance sheets, &c.:
Jan. 31.
Total
N et
Other Interest, Pref. Dies.
Balance,
Year—
Income.
Profits. Income. D epr.,& c. (5 % ).
Stir, or D ef
1915-16..$10,445,705 $1,644,729 $76,696 $786,954 $652,705 sur$281,766
1914-15-- 10,797,704
1,089,243 57,121 835,664 652,705
def342,005
O F F IC E R S .— Pres., Arthur W . Sewall; V .-P ., A very D . Andrews,
Troas., Ira Atkinson; Sec., J. L . Rake. Office, Land T itle B ldg., Phila
delphla.— (V . 101. p. 1095; V. 102, p. 1720, 1889, 1903.
G E N E R A L B A K IN G C O .. N E W Y O R K .— See page 203.
G E N E R A L C H E M IC A L C O.— O R G A N IZ A T IO N , &c.— Incorp. In
N . Y . on Feb. 15 1899 as a consolidation. V. 68, p. 571; V. 74, p. 1093; V
73. p.724; V. 89. p. 351,414: V . 91, p.656: V . 96. p. 1427; V . 97. p. 295.
V . 99, p. 1835; V. 100, p. 57. In 1915 began making baking powder.
V . 101. p. 925.
S T O C K .— Common shareholders o f record Dec. 30 1916 wero permitted
to subscribe at par for $2,622,000 now common stock (m aking $15,732,000
outstanding) In amounts equal to 20% o f their respective holdings, subscrip
tions being payable prior to Fob. 1 1917, optionally by means o f tho 20%
In extra and special dividends then distributed. V. 103, p. 1891; V. 104,
p. 366.
D IV S .— f’ 00 to ’ 02. ’03. '06 to ’09. ’ 10. ’ l l . ’ 12. '13. ’ 14. ’ 15. ’ 16. 1917.
6
6
6
6 2 -
5 4 yearly
5
6..... 6
Com .% 4 yearly
__
1 5
5
5
5
- - 120, Feb.
Ext.cash
_______
15/
do stk ___________ _________ ______10 .. /
In N o v . 1916 Increased tho quarterly dividend payablo In March 1917
from 1A to 2% and also declared an extra 5% and special 15%, total 20%
applicable optionally to purchaso o f 20% new stock as above stated. V . 103,
p. 1891.
R E P O R T .— For calondar year 1916 was In V . 104, p. 359.
1913.
1916.
1915.
1914.
$2,809,441
N e t profits.................-$12,286,826
$5,958,746$2,857,898
825,000
Prof, dlvidond ( 6 % ) - 912,498
912,498 825,000
607,666
Common d iv. (6 % )____
786,636
684,030 651,480
(5)542,870 (5)517,050
Extra com. d ivs______ (20)2,622,000(15)1 710075
438,446
195,133
405,197 452,509
Ohgd. o ff, &c., acct____
163,065
1,547,275
724,276 139,336
P ro fit sharing, & c..........
Reserve for deprec’n ___
849,230
750,000
$772,670
$246,703
$258,214
Balance, surplus........ $5,374,054
O F F IC E R S .— Chairman o f tho Board, W illiam H . Nichols; Pros., W . H .
Nichols Jr., Gen. Counsol, Sanford I I . Steele; V .-P . and Sec., Jamos L .
Morgan; V .-Ps., Chas. Robinson Smith, E .B. Bragg, John M . Gootchlus
and Nelson A . Howard; Treas., Lancaster M organ, 25 Broad St., N . Y .—
(V . 103, p. 410, 496. 1510, 1891; V. 104, p. 359, 366.)
G E N E R A L C IG A R CO ., I,NC.— Seo pago 207.
O E N E R A L ELE C TRIC CO.— O R G A N IZ A T IO N .— Organized under a
special charter of New York April 15 1892, and manufactures outfits for
electric railways and all kinds o f electrical supplies. V . 85, p. 155, 1648;
V . 62. p. 502, 635, 1040; V. 65, p. 151; V. 68. p. 1024. (See V . 68, p. 927.)
V . 70, p. 689; V. 80, p. 1481; V. 83, p. 689. Owns entire common stock o f
Electrical Securities Corp. and Elec. Bond & Share Co. V . 79, p. 1706,
2645; V . 81, p. 510; V. 103, p. 1595.
Owns the rights for the U. S. under patents covering Curtis steam turbine
engines. V . 76, p. 1195; V . 77, p. 2161; V . 82. p. 1272. Settlement of
Government suit, V . 93, p. 1024, 1194; V. 92, p. 599. Tungsten lamps,
V . 103, p. 582.
D IV ID E N D S .—
1899. 1900. 1901. 1902 to A pr. 1917.
Per cent— ............ ....... 3
6A
9
8 yearly (Q .-J .).
In 1902 distributed 66 2-3% stock, restoring 40% surrendered in 1898,
and on Jan. 18 1913 30% ($23,297,000) to repay In part dividends passed
or reduced In years slnco 1893. V. 95, p. 2388, 422.
D E B E N T U R E S .— In 1902 $2,047,000 deb. bonds were Issued, redeem
able to Aug. 1 1912 at par and thereafter at 105. V . 75, p. 139. There are
also $2,000 5% debs, outstanding, convertible Into stock at 120.
An Issue of $60,000,000 debentures was authorized July 1912 to provide
for future requirements, Interest not to exceed 5% , of which $10,000,006
have been sold. N o mortgage can be made without equally securing the
debentures except purchase money mortgages and pledges as security for
temporary loans or as Indemnity. V . 95, p. 238, 752, 892,1611.
R E P O R T .— For year ending Dec. 31 1915 in V . 102. p. 1622, 1632.
Calendar Year.
1915.
1914.
1913.
Incomo— Sales...... ................ .............$85,522,070 $90,467.692$106,477,439
Royalties, lnt. & dlsct., salo o f securi
ties, & c...... .....................................
3,684,108
2,884,420
3,796,184
T otal income...................................$89,206,178 $93,352,112$110,273,623
Operating expenses and taxes________ $76,898,183 $81,496,729 $96,207,833
Interest and discount..........................
570,086
567,556
1,007,911
Dividends (8 % )..................
8,129,918
8,142,768
8,149,204
Balance over dividends..............
$3,607,992
$3,145,089 $4,908,675
T otal surplus Dec. 31 1915, $23,692,871.
D IR E C T O R S .— O. A . C offin (Chairman), E . W . Rice Jr. (P res.),
Gordon Abbott, Oliver Ames, George P. Gardner, Henry L . Higginson,
I. S. Keeler. Robert Treat Paine 2d. Marsden J. Perry. Seward Prossor,
S. L . Schoonmaker, B. E. Sundy. M . F. Westover and Philip Stockton,
Schonectady, N . Y . — (V . 103, p. 582. 1595; V . 104, p. 366.)
G E N E R A L G A S & E L E C T R IC C O .— [See M a p .)— O R G A N IZ A T IO N .
— Incorp. in Maino July 3 1912 (V . 95, p. 110). Owns control o f certain
public service properties which are operated under the management o f W . S.
Barstow & Co., Inc., o f N . Y . Theso properties serve communities having
a combinod population estimated at 485,000, and represent a total owner
ship embracing (a) Steam and hydro-otectric generating plants, total
capacity 39,514 k. w. (7,977 k. w. hydro-electric). (6) Gas plants with
dally output capacity o f 1,394,000 cu. ft. and holder capacity, 838,000 cu. ft.
(c) and a natural gas company w ith a dally output o f 4,000,000 cu. ft.
(d) Electric street and interurban railway systems, having In the aggregate
86 miles o f track (slnglo mile equlv.) all located as shown on aforesaid map.
Operating Properties arid Company’s Ownership Therein, Direct and Indirect.
---- Capital Stock---Bonds, &c.
"C hronicle”
Issued.
Owned.
Outstanding.
Penn. U til. Co.—
$
S
$
C o m m o n ____ *1,804,171 \Over97% 3,000,000 1st 5s
V.102,p.2259
and 2172.
Pf.stk .7% cum. 800,000)
1,250,000 2d M . 6s
Easton OasWks 269,000 269,000
3S4.000 D iv. 5s
V .102,p.2259
Pref. sto c k .. 200,000 200,000
366,000 Cons. 5s
[V o l . 104.
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
140.000 5 in 1916 Q— M Dec 1 ’ 16. I K Checks from Co’s office
Co's o ff Phlladelphia.Pa
A & O Apr 1 1925
6g
5, 925,0004 In 1916
Q— J Jan 1 ’ 17 1 %
6g
2, OOO.OOO;
June 1 1936
2, .000,000
7
July 1 1916 l»A
2 ,000,000
Jan 1 1937
5
15 ,732,600 See text
M a r 1917. 2%
Jan 2 1917 l A
15 ,207,300
6
N o v 1 1916 1%
18 ,104,0004 in 1915
Sept 1 1916 1 %
5 000,0007 in 1915
A pr 15 ’ 17 2%
101 512,5008 in 1916
2 ,047,000
Aug 1 1942
3H g
10 ,000,000
Sept 1 1952
5g
3 500.000
2 500.000
Q— J Jan 2 1917 \%
2 ,600,000
J & J July l 1932
5g
1 ,693,000
J & J Jan 1 1925
872.000
5g
5
3.000.
000 g
2.000.
000 8
f
5g
710,000
860,000!
5g
675,000!
5
16,511,783 See text
14.985.2007 in 1916
Seo text .See text
See text I
6
1.934,000
3H
i
A & O A pr 11946
M & S A Iar 1 1946
M S S M a r 1 1945
c,
A & OlFeb 1 1946
M & N N o v 1 1918
See text Feb 1 ’ 17. 5%
M & N N o v l ’ 16 3 « %
Q— F |Feb 1 1917 1%
Q— F IFeb 1 1917
A * O ADr 1 1940
Checks mailed
H arvey Fisk & Sons, N Y
do
do
do
do
25 Broad St, New York
do
do
Check from C o’s O ffice
do
do
Check from Co’s Office
Guar T r Co, N Y ; & Bost
N Y , Boston & London
N ew Y ork
N ow Y ork
Guaranty Trust Co, N Y
N ow Y ork & Philadelphia
Lincoln Trust Co, N Y
Fidolity Trust Co, Phila
N ew Y ork
Phila Trust C o, Phila
Checks mailed
Chocks mailed
do
do
Treasurer’s Office. Phila
See
------Capital Stock-----Bonds, & c..
“ Chronicle.”
Issued.
Owned.
Outstanding.
$
$
$
B in g .(N .Y .)L .,H .& P .C o .—
'
196.000 1st 5s
V.75,p. 187
C o m m o n _____ 500,000
500,000
860.000 1st R ef. 5s V . 102,p .1719
Pf.stk.6% cum. 375,400
None
N orthw. Ohio R y
& Pow ., c o m .. 800,000
800,00011,293,000 1st 5s all owned by GenPref. stock____ 500,000
500 ,000/ eral Gas & Electric Co.
Port Clinton (O .)
N on e
;. A P ow
Elec. L t. &Pc
21,350
21,350
Rutland (V t.) Ry.
V .88,p .101
L t .& Pow. C o . 1,700,500 1.679,500 2,000,000 1st 5s
Sandusky (O .)G as
40.000 1st M . 5s
....................
& Elec. C o ____ 500,000
500,000
Href, stock 6_ .
%
100,000 100.000 710.000 R ef.& Im p . V.100,p.l923
Pittsford Pow .C o.
r. Co.
(o f Mass.) pref.
200,000 N one
263.000 1st M . 5s
....................
C o m m o n _____ 300,000
A ll
Sayrej (P a .) E l .C o.
150,000 150,000\ 287,500 M . 5s
V .lO l.p . 928
Pref. stock____ 100,000
100,000)
40,000 Old 5s
W est. V t. P . & L .
Fairhaven, V t . 120,000
120,000 400,000 1st M . 5s
♦A pp roxim ately on completion o f presont reorganization.
A ll Easton stock owned by Pennsylvania Utilities.
Th e principal subsidiary is the Pennsylvania Utilities Co., which oporatos
In Easton and Stroudsburg, Pa.; Phillipsburg, N . J., and 15 other localities
in Northampton Co., Pa. Lee, Higginson & Co. sold $3,000,000 o f tho
1st M . 5s in Juno 1916; balance o f $50,000,000 auth. issuable only under
careful restrictions as stated In V . 102, p. 2172, 2259. For particulars
regarding other subsidiary companies, seo “ Elec. R y. Sec.,’ ’ p. S5 and 86.
C A P . S T O C K O F G E N . G AS & E L . CO .— The 7% pref. (cumulative
from July 1 1915) is entitled to participate with common In any year after
7% on common. The non-cum. convertible pref. (convertible Into com
mon at par at any time) is prof, over common as to assets and as to 4%
dividends in 1916, 5% in 1917 and 6% thereafter.
D IV ID E N D S
I 1912. 1913. 1914. 1915. 1916 to Jan.’ 17.
6
5A
*7
7 ( l 3A
% Q— J)
On 7% Preferred........%\ 1*4%
B O N D S .— Convertible bonds o f 1912, auth., $20,000,000; issued,
$1,700,000, o f which $1,693,000 are outstanding; they are convertible,
$ for $, into pref. stock. Additional bonds can be issued under certain
conditions. V . 95, p. 1210.
Tho 10-year bonds o f 1915 are redeemable at par and int. on any int. day;
tax-freo, oxcept as to Federal Income tax.
E A R N IN G S .— Combined earnings o f controlled companies for 12 months
ending August 31 1916: oper. revenues, $2,553,375; not, after taxos, $896,
114; other incomo, $19,173; gross income, $915,287; deductions, $697,848:
surplus, $217,439.
O F F IC E R S .— Pros., W . S. Barstow; V .-P ., Jos. B . Taylor; Sec. and
Troas., O. Clement Swenson: Asst. Sec., W . J. Roast. O ffico, 50 Pine
St.. N . Y . — (V . 102, p. 979, 1163, 1249, 1436, 2257; V. 103, p. 668.)
G E N E R A L MOTORS CO.— Incorp. Oct. 16 1908 In New Jersey and
acquired Bulck Motor Co., Flint. Mich.; Olds Motor Works. Lansing, &o.
V. 88. p. 751, 824; V . 89. p. 1666; V. 91, p. 948; V. 95, p. 1060. Soo appli
cation to list, V . 93, p. 413. In June 1916 Chevrolet M otor Co. (which soo)
acquired a substantial interest In the stock, and Its President, W . O. Durant,
becamo President o f General M otors Co. V . 102, p. 2170; V . 101, p. 2147;
V . 102, p. 439.
In Fob. 1917 tho General M otors Corp. o f N . J. (which soo below) had
acquired about 96% o f the entire outstanding capital stock, and tho ex
change o f shares was still in progress on terms stated under caption "Gonoral
M otors Corporation” below. V . 103, p. 1510, 2346.
D IV ID E N D S o f old General M otors Co.— Common, 150% stock In 1909:
Oct. 15 1915, 50% cash. On Feb. 15 1916 10% In dividends (5% each) was
paid for the quarters ended N o v . 1 1915 and Fob. 1 1916; also 5% M ay,
Aug. and N o v . 1 1916; 1917. Feb., 5% . V . 102, p. 157: V. 101, p. 925.
E A R N IN G S , &c.— For the three months ended Oct. 31 1916, tho earn
ings at tho rate o f $2,250,000 a month and tho sales for tho quarter wero
37,884 cars, compared with 30,272 in 1915. Seo also V . 103, p. 1984.
R E P O R T .— For year ending July 31 1916, In full, V . 103, p. 1208, 1317:
1915-16.
1914-15.
1913-14.
58,987
76,068
132,088
$
Gross sales___________________________ 156,900,296 94,424,841 85,373,303
7,947,413
N e t profits (after depr., taxes, & c.)__ 29.146,108 14,926,322
General M otors C o.^ proportion____ 28,812,288 14,794,190
3
7,819,969
Deduct— Interest on first lien n otes..
22,728
336,387
570,235
Preferred dividends ( 7 % ) .........
1,048,964
1,048,964
1,048,679
Cash divs. on com ., 65%: Oct. 1915
50%; 1916, Feb. 10%; M a y 5 % . . 10,730,159
....................................
Cars sold, number_____ _____________
Balance, surplus............................. 17,010,437 13,408,839
6,201,055
O F F IC E R S .— Chairman, Pierre S. du Pont: Pros., W . G. Durant:
V .-P ., A . G. Bishop; Sec., Standish Backus; Troas., Jamos T . Shaw;
Comp., W . I I . A lford. O ffico, D etroit.— (V . 103, p. 1510, 1984.2346,2432.
G E N E R A L M O T O R S C O R P .— O R G A N .— Incorporated in N . J. on
Oct. 13 1916 and per plan in V. 103, p. 1510, 2346, has acquired the groator
part o f the outstanding capital stock o f tho General M otors Co. (which seo
above) on the following basis:
Exchange o f Stock as Shown by New Slock Listed on Stock Exchange Jan. 17.
New Corp.
Basis
---- Stock o f Old Oen. Motors Co.
Tot. Exch.
Stock
A cStill
Old Stock
Requires
of
Exchange.
quired.
Out.
Issued.
New Stock.
Listed.
$
$
S
3
$
$
Com ..81,275,100 5 for 1 16,255,020
261,780 16,511,800 82,559,000
P r e f . . 19,010,200 1 1-3 for 1 14,257,050
727,555 14,985,200 19,980,030
T o ta l stock auth.: Com ., $82,600,000; pref. 6% cum., $20,000,000.
On Dec. 1916 the Chevrolet M otor Co. ownod $16,644,500 o f tho com
mon stock o f tho corporation.
On Fob. 1 1917 initial quarterly dividends were paid, 144% on prof, and
1% on common. Pres., Benonl Lockwood: V.-Pres., Frank A . Gaynor:
Sec.-Troas., Jerome A . Lederman. M ain office, D etroit.— V. 104, p. 260.
G E N . P E T R O L E U M C O .— Q E N . P IP E L IN E .— V . 104. p. 456.
THE GENERAL GAS & ELECTRIC COMPANY
OGDENSBURG
M AP SHOWING LOCATION OP PROPERTIES
MONTPELIER
OWATERTOWN
IN D U S T R IA L STOCKS A N D
BONDS
S T E A M H E A T IN G
M END O N
R UTLAND
TORONTO a
R A I L W A Y S E R V IC E
FAIRfciAVENj
POULTNEYl
W EST PAWLETi
IN T E R U R B A N R A IL W A Y S
NIAGARA FALLS
BUFFALO
UTICA®'
GENEVA
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s;
Ip i t t s f i e l d
BING H AM TO N
W AVER LY®
TOLEDO:
V ;
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C LINTO N
KINGSTON
HARTFORD
• A TH EN S
M ARBLEHEAD
CLEVELAND
SANDUSKY
OIL CITY
STRO UDSBURG^
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TRENTON
PHILADELPHIA
MARIETTA
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CAMDEN
162
[V o l . 104.
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Date
Bonds
Goldfield Consolidated Mines Co— Stock $50,000,000 auth —
Goodrich (B F) Co— Common stock $00,000,000--------------Preferred (a & d) 7% cumulative S27.300.000---------------Goodyear Tire & Rubber Co— Common stk $25,000.000----Pref (a&d) 7% cum $25,000,000 red 112 aft Jan '18 s f text)
G ra n b y C onsol Min Sm elt & P o w C o — Stock ($20,000,000*
1st M convertible bonds series A gold red see text----- xct 1913
G re a t A tla n tic & P a c ific T e a CtP-Com m on sto c k -------P re f stock 7% cum $12,500,000 (3% s fd) call 115..........
N otes convort into prof stock $5,000,000 call 102H - Eq.c* 1916
G rea t Lakes T o w in g — Common stock $2,500,000----------Preferred ( a & d ) 7% non-cumulatlve $2,500,000----------G re a t N o rth ern I ron O re P ro p —Trust ce rts l.500.000shares
1915
G re a t W estern Po w er C o o f C a l— First & R e f M ----Underlying Bonds, & c.—
Great West Pour Co 1st M $25,000,000 (call 106)-Ba.xxc* 1906
Cal Elec Gen Co 1st M $5,000,000 gu p & 1 call 105----- xx 1908
Pref stk $2,500,000 6% cum aft 1911 (cal! 1913 106; guar
City Elcc r 0 San Fran 1st M (call 105) $5,000,000 guar - .xx 1907
Central Okla L t & Power Co 1st m tge gold s f __________ 1909
Consumers Light & Power Co gen mtgo gold sink fund____
1915
Consol Eloc Co Gen M sk fd $2,500.000 guar see text—
G W P Co o f Cal conv dobs call 101 & lnt $5,000,000 g-E q .c 1915
G u lf States Steel C o — Common stock v t c (V 102, p 71) —
1st pref stock 7% cum v t c call begin 1918 at 110------------2d prof stock 6% non-cum v t c convort Into common-------Self Fluxing Ore & Iron Co 1st M call 101 (V 101, p 77 7 ,)-. 1913
Am ount
Outstanding
Par
Value
Rate
%
When
Payable
Last Dividend
and laturity
Oct 30 '15. 10c
$10 $35,591,480See text
l00j 60,000,000 See text See text. M a y 15 '17, 1%
100 27,300.000 7 in 1916 Q— J J u ly2 T7 , \ 'A %
Dec 1 T 6 , 3%
100 17.500.000See text Q— M
Q— J Jan 2 T 7 I H %
100 17,500.000!
7
100 14,998.515See text See text Fob 1 '1 7 2 y2
M & N M a y 11928
100 &cj 3.440,000.
6
N one 250,000 shs
N ew
Dee 1 '16 \ *A
100 $6,100,000! Now
June 1 1921
Q— M
1,000 3,000,000
6g
100 1,675,000 See text See text Juno 1 1910 2%
100 1,952,8507 in 1916 Q— J Jan 2 1917 \yx
None 1.500.000shSee text See text Dec 20’ 16,75cts
None
1,000
1,000
See text
1.085.000
£g
5 8
1,000
1,000
1,000
1.663.000
143.000
85,000
1,901,150
5,000.000
7.358.000
1.559.900
1.568.900
274.000
i*
100 See text
100. &c
100
100
100
1,000
6
6
5g
6g
July 1 1946
Sept 1 1948
July 1 1918.1H
July 1 1937
M a y 1 1939
Apr 15 1933
J & D Juno 1 1955
M & N N o v 1 1925
A p r 2 T7 . 2%
Q -J
Q— J A pr 1 1917 1M
Apr 1 '17 l V i %
Q— J
J & J Jan 1 1943
J
M
& J
& S
Q— J
J & J
Places Where Interest and
Dividends are Payable
Checks mailed.
Checks mailed
do
do
Checks mailed
Com pany’s office
T itle Guar & T r Co
Chocks mailed
do
do
32 Nassau St, New York
New York, London, &e
New York and San Fran
N ew Y ork
W P Bonbr& O o.N Y & SF
N Y Bankers T r& S Fr
N ew Y ork and San Fran
Guar T r , N Y , by check
do
do
Birm ’ham T r & Savs Co
x $16,644,500 Is owned by the Chevrolet M o tor Co and hoi d In tr easury
G O L D F IE LD C O N SO LIDA TED A1INES CO.— O R G A N IZ A T IO N .—
Inoorp. In W yom ing N ov. 13 1906. Owns 381 acres of mining ground In
fee. Owns an Interest o f about 25% In C . O. D . Consolidated M ining Co.
Stock authorized, $50,000,000; outstanding, $35,591,480; par. $10
D IV ID E N D S — 11907. 1909. 1910. 1911. 1912. 1913. 1914.1915. 1916.
Cents per share. J 20
90
200
200 160
17
30
45 N one
E A R N I N G S — For year ending Dec. 31 1915, in V . 102, p. 1439:
Cal. Y r.
Gross.
N e t.
D eprec.,& c.
Dividends.
B a L.D ef.
1915--.$3,505,549 $1,558,308 $735,712 (4H%)$1,601,617 $779,020
1914 - - - 3,895,748
1,835,224
798,691
(3 % ) 1,067,744
31.211
O F F IC E R S .— Pros., George W ingfield; V .-P ., J. D . Hubbard; Sec. &
Treas., A . H . Ilow e. Office, Goldfield, N e v — (V . 103, p. 582.)
(B. F.) GOODRICH CO.— O R G A N IZ A T IO N .— Incorp. In New York
May 2 1912 per plan, V. 94, p. 829, as successor of Ohio company of same
name, and In June 1912 acquired the Diamond Rubber Co. (V . 93, p. 1262),
having adjoining plant at Akron, O. V . 94, p. 1386, 1629. Manufactures
a large variety of rubber goods. Including automobile tires, &o., the two
companies consolidated being among the six largest concerns in the U. S.
STO C K .— Of the stock $30,000,000 common and $15,000,000 prel. was
issued, per plan V. 94, p. 829, to acquire the old Goodrich (Ohio) Co. and
for new capital. In June 1912 the stock was Increased to $30,000,000 pref.
and $60,000,000 common to acquire the Diamond Rubber Co. V. 94, p.
1386. Pref. may be redeemed at not exceeding 125 and accrued dlvs.. and
Is to be entitled to 125 and accrued dlvs. on any dissolution or merger ahead
of the com. stock. A t least 3% of pref. stock is to be retired yearly after
July 1 1913 from surplus profits before dlvs. are paid on com. stock. Pref.
stock cannot be Increased or present property mortgaged without vote or
three-quarters of each class of stock. Entire voting power for election of
directors Is vested in common stock until four quarterly dlvs. are In default,
when pref. shall elect one-half of directors until default shall have been made
good. V . 94, p. 1629. In 1917 appropriation was made to retire $900,
000 pref. stock; making total retirement $3,600,000 out o f $30,000,000
originally authorized.
Dividends on pref. have been declared regularly 154% to and Including
payment due July 2 1917.
On common 1% was paid Aug. and again
N o v . 15 1912, Feb. 1 1913, Feb. 1916 to M a y 1917. 4% p. an. (1% Q .-F .).
V . 96, p. 793.
E A R N IN G S .— For 6 months to June 30 1916 the net profits wore about
$4,800,000. V. 103, p. 410.
R E P O R T .— For 1916, In V. 104, p. 366, showed (subj. to final audit):
Calendar
Net
Pref. Dios. Com. Divs.
Balance,
Total
Years—
Income.
(6 % ).
(4 % ).
Surplus.
Surplusr.
1916______$9,550,000 $1,911,000 $2,400,000 $5,239,000 $14,897,540
1915______12,265,679
1,960,000
..............
10,305,679 10,583,589
O F F IC E R S .— Pres., B . G. Work; Sec., O. B . Raymond; Treas., W . A .
Means. Offico, Akron O.— (V . 103, p. 410, 1414; V . 104, p. 366.)
G O O D Y E A R T I R E & R U B B E R C O.— O R G A N IZ A T IO N .— Incorp.
In Ohio in 1898. Owns fireproof plant covering 76 acres at Akron. O. V. 95,
p. 423, and advertisement "Chronicle,” Sept. 14 1912. V . 98, p. 390.
N o bonds or mortgages.
S T O C K .— In April 1916 the authorized capital stock was increased to
$50,000,000 by an increaso o f prof, stock to $25,000,000, the $6,650,000
old pref. being retired and $17,500,000 now 7% cum. pref. tssuo. o f which
$10,378,000 was offered to the public (V . 102, p. 1629). A t the same time
the outstanding common was increased from $8,427,000 to $17,500,000.
in connection with a 100% stock dividond. V. 103, p. 2155. Annual
sinking fund o f 2 'A % , or $437,500 (after 5 years. 5 % ),w ill begin Oct. 1
1917, to retiro tho prof, shares. Notes payable outstanding Oct. 31 1916,
$6,660,000. V. 103, p. 2155.
, „ „
,
Dividends on pref., \ % % quar. in full to Jan. 1917. On common 12%
yearly N o v. 1912 to 1915; 1916. M arch, Juno, and Sept. . 3 % . A stock
div. o f 20% was paid March 1914. V . 98. p. 389. Other divs., see
abovo and V. 98, p. 390.
R E P O R T .— For year end. Oct. 31 1916. in V . 103, p. 2154, showed:
Oct. 31.
Cross
Net
Pref. Dios.
Common
Balance,
Year—
Business. Income.
(7 % ).
Dividends.
Surplus.
1915-16_____ $63,950,400 $7,003,330 $764,239 (12)31.261.332 $4,977,759
1914-15______ 36,490,652 5,137,083 469,583 (21) 1,686,151 2,981,349
O F F IC E R S A N D D IR E C T O R S .— Pres., Frank A . Setberling; V.-Ps.,
C. W . Seiborling, G . M . Stadelman, P. W . Litchfield; Treas., Frank H .
Adams, H . B. Manton and James P. Loomis; Sec., A . F. Osterloh; Asst.
Sec. & Asst. Treas., W . E. Palm er.— (V . 102, p. 254; V. 103, p. 2154.)
G R A N B Y C O N S O L ID A T E D M IN IN O , SA1E LTIN G & P O W E R
C O ,, L T D .— See page 207.
G R E A T A T L A N T I C & P A C IF IC T E A C O .— O R G A N IZ A T IO N .—
Established in 1858. Incorp. M ar. 4 1901 in N ew Jorsey. In Oct. 1916 op
erated about 2,600 tea and grocery stores throughout tho United States.
S T O C K .— Upon conclusion o f recapitalization plan in progress in June
1916, w ill havo authorized (a) $12,500,000 7% cum. prof.. $6,100,000
outstanding, the balance, $8,400,000, being reserved for the conversion of
notes (see b elow ); (b) also 250,000 shares o f common stock o f no par value,
authorized and outstanding. V . 103, p. 1795.
Dividend on pref. stock, 1 % % Dec. 1 1916.
N O T E S .— Of the $5\000,000 authorized 6% notos, convertible at par
into prof, stock, $3,000,000 wore Issued in June 1916. V. 102, p. 2257.
E A R N IN G S .— Roport for fiscal year ending Feb. 29 1916 showod
earnings o f $1,820,598.
11 M os. end. Jan. 27 1917.
1916-17.
1915-16.
------Increase------Gross sales (V . 104, p. 563)____ $86,622,066 $39,913,621 $26,708,445 67%
— V . 104. p. 167, 563.
G R E A T L A K E S S T E A M S H IP C O.— Seo V. 103. p. 1122, 1984.
G R E A T L A K E S T O W IN G C O .— O R G A N IZ A T IO N .— Incorporated In
N . J. on July 6 1899 as a consolidation. See V. 69, p. 79, 593; V. 72. p. 778.
T h e company has amended Its oractice so as to conform to tho Anti-Trust
Law as ordered by tho Federal Court. Th e G ovt., till Dec. 1 1915, may
appeal to tho U. S. Supremo Court. V. 99, p. 123; V. 98, p. 1922; V. 100,
p. 645; V. 96, p. 492; V. 97, p. 301, 1026; V. 100, p. 1441.
D IV S .—
('0 3 . '04. '05. '06. '07. '08. '09. TO. ’ l l to Jan. 1917
Com ( % ) ............ \ 0 0 0 0 2
-- —
2
0
Pref ( % } - ............ I 0
0
7
7
7
7
7
7
7 y ’rly (Q -J )
Pres., Samuel P . Shane; Sec. & Treas., M . H . Wardwell. N ew directors
Feb. 1917, V. 104, p. 667. Offico, Cleveland, O .— (V . 100, p. 645, 1441;
V . 104, p. 667.
G RE AT NORTHERN IRON ORE P R O P E R T IE S — Tho U. S Steel in
terests eleoted to terminate on Jan. 1 1915 their lease (made Oot. 1
1906) of the bulk of the ore lauds on a royalty basis of $1 65 per ton standard
ore with 3.4c. per ton Increase each year. The trustees are Louis W . H ill,
James N . H ill. Walter J. H ill and E . T . Nichols. The 1,500.000 shares of
boneflcial Interest in the trust equal to the number o f sharos o f stock hold
were issued Dec. 1906 to Great Northom stockholders. Properties, royal
ties received, &c., see V . 103, p. 58; V . 94, p. 556; V . 99, p. 1751.
D IV S .
\ '07. '08. '09. TO. ’ l l . T 2 . '13. '14. Dec. '15.
1916.
$1 $1 $1.50 50c 50c. 50c. 50c. 50c.
text
Per share.............. / $1
In 1 9 1 6 , June, 50 cents and Dec., 75 conts.
,
,
R E P O R T for year ending Dec. 31 1915, in V , 103, p. 58. showing
surplus after 50c. (($750,000) div. o f $306,584.— (V . 103, p. 58. 1690.)
G R E A T W E S T E R N P O W E R C O . O F C A L IF O R N IA .— O R G A N IZ A
T I O N .— Incorporated in Cal. N o v . 22 1915 to acquire control o f Great
Western Power Co. (Incorp. in 1906) and as soon thereafter as practicable
to take over its properties together with those o f C ity Electric Co.
.
Old Great Western Power Co. owns (1) at Big Bend (Las Plu m as),C al.,18
miles above Orovllle, and 169 miles northeast of Oakland a hydro-eleotrlo
plant with a total capacity of 87.000 (electrical) h. p.. Its power being
transmitted to Oakland over two olrcults to sub-stations at Sacra
mento, Brighton, Antioch, Cowell and Oakland.
Also owns (a) the $5,000,000 common stock of the California Electric
Generating Co., which has erected at Oakland for emergency service a steam
power plant, capacity 15,000 clectrlo h. p.; and (b) In 1911 (V . 92, p. 1438)
acquired all of the $5,000,000 stock of the City Electric Co. of San Fran
cisco, with a steam power plant of 28,000 electrical h. p. capacity.
Groat Western Power Co. owns all o f tho stock and guarantees prtn.
and lnt. o f $2,500,000 40-yoar 5% gold bonds o f Consol. Eloctric Co.;
$243,000 resorvod to rotiro $100,000 Gen. M . 6% bonds o f tho Consumers
Light & Power, and $143,000 1st M . bonds o f Contral Oakland L . & P . Co.
and $173,850 on Dec. 31 1915 in treasury. V. 100, p. 738. 1843, 2013;
V . 101, p. 50, 696, 1976.
S T O C K O F G R E A T W E S T E R N P O W E R CO. O F C A L .— A uth., com .,
$30,000,000; 7% cum. pref. (p. & d .). $30,000,000. Outstanding in Dec.
1915, com., $27,500,000; pref., none. Par, all shares, $100. V. 101.P-I889.
Th e pref. stock into wnlch the debentures w ill be convertible, as below
stated, is non-assessable by specific covenant, is preferred as to assets In
liquidation, is entitled to cumulative dividends at rate o f 7% per annum,
payable Q.-J., and Is subject to call for redemption In whole or in part at
105 and dlvs. upon 60 days’ notice. N o preferred sharos, other than those
roserved against conversion, may bo issued unless the annual net earnings,
after deducting Interest on all funded debt and guaranteed dividends,
are twice the annual pref. dividend, including sharos proposed.
C O N T R O L .— The entire $27,500,000 com. stock Is owned by the W est
ern Power Corp. o f N . Y ., a holding co., that has outstanding (a) $7,080,000
pref. stock (p. & d.) 6% cum. from Jan. 1 1915 (par $100) and 146,700 shs.
o f com. stock (no par value), V . 99, p. 204; V. 98. p. 1540; V. 99, p. 1218;
V . 100, p. 647. 2015, 1354.
B O N D S .— The First & Refunding Mortgage provides that bonds may
only be Issued to refund the 1st M . bonds o f the Great Western Power C o.,
C ity Electric Co. and California Electric Generating C o., or for not ex
ceeding in par value 90% o f capital expenditures, provided net earnings for
the preceding 12 months are not less than 1 Vi times the annual Interest
on all bonds outstanding. Including underlying bonds and those to be
certified. As to lim it on Issue o f underlying bonds, see V . 101. p. 1889.
Great W . P. Co. 1st M . 5% bonds, auth., $25,000,000; on Jan. 1 1917
$23,325,000 had boon Issued, including $693,000 bearing no interest, and
plodgod under mtge. of California Electric Generating C o., and $224,000
retired through sinking fund; deduct $1,553,000 in G. W . P . Co. treasury;
and sinking fund balance, $20,855,000. V. 96, p. 289, 865; V. 98, p. 1540,
1922. Tho $5,000,000 common stock o f California Elec. Gonorating Co. Is
deposited under tho 1st M ., as also all tho $5,000,000 stock o f C ity Elec. Co.
o f San Francisco. V. 91. p. 1163; V. 92. p. 1438; V. 89, p. 1283,
Tho $5,000,000 10-yoar 6% convertible debentures aro convertible
from N o v. 1 1917 to Oct. 31 1920 incl. at 100 and lnt. Into Groat Wostorn
Power Co. o f California 7% cumulative pref. stock (par value $100) at $95
per share and divs. See further provisions in V. 101, p. 1889, 2147, and
offer to Western Powor Co. stockholders. V . 101, p. 1890.
California Electric Generating Co.— Leased to Groat Western Powor C o,,
which owns the $5,000,000 com. stk. and pays 6% on tho prof, stock ($2,
500,000); all now out (divs. cumulative at 6% from .Tan. 1 1912 and guaran
teed by Groat Western Powor C o.); 1st M . auth., $5,000,000; issued, guar,
by Groat Wostern Powor Co. (V . 88, p. 688; V. 89, p. 472), $1,200,000.
o f which $115,000 retired through sinking fund.
___
City Electric Co. of San Francisco.— First mtgo. 5% bonds (V . 92, p. 883).
$2,824,000 issued; $123,000 retired by sinking fund; $1,038,000 hold by
Great Western Power Co. o f Cal., and $1.683,000 held by public. Intorest
guar, by G. W . P. Co. V. 93. p. 668: V. 96, p. 1843; V. 100, p. 1440.
R E P O R T .— For cal. year 1916, in issue o f Fob. 24 1917.
Earnings o f System for 12 Mos. end. Dec. 31—
1916.
1915.
Gross earnings_______________________________________ $3,743,346 $3,038,204
N et, after taxes_____________________________________ 2,454,865 2,082,865
Other income and Interestchargedto capital-------337,840
206,333
T o ta l in c o m e -............... ............................................ 2,142,875 2,289,198
ln t. on bonds held by public & divs.on guar, s o c k .. 1,814,676
1,448,022
Surplus ........ .................- .......................... ............. $928,029
$841,176
ln t. on $4,500,000 10-yr. 6% conv. debs, o f 1915—
$270,000 ----------Appropriations from surplus o f 1915: T o sinking funds, $172,546: mlsc.
(Incl. $20,880 on capital account), $25,135.
D IR E C T O R S .—-M. Floishhackor, President, San Francisco: H . P .
Wilson, V .-P . & Sec., N ew York; Guy O. Earl, V .-P . & Gen. Counsel, San
Francisco; H . Flelshhacker, Washington Dodge, V .-P s,, San Francisco;
W . H. Spaulding, Asst. Sec., San Francisco; M ark L . Gorstle, James
Irvine, B. H. Dfbbleo, San Francisco; A , O. Bedford, A . W . Burchard,
W . S. Orandell, N . Y .; Richard B. Young, Boston, Mass, Th e Treas. &
Asst. Sec. Is F. M . Tompkins, N . Y . Offices, 50 Broad St., N . Y ., and
14 Sansomo St., San Francisco.— (V . 103, p. 324, 940.)
G U L F S T A T E S S T E E L C O .— O R G A N IZ A T IO N .— Incorp. in Dolawaro N o v . 1 1913 as successor o f Southorn Iron & Stoel Co. (foreclosed),
per plan In V. 97, p. 1119. Owns blast furnaces, opon-hoarth stoel plant,
blooming m ill, rod mill, merchant m ill, wiro mills, machine shop, &c., at
Alabama C ity , A la., and also coal mines at Altoona and Virginia, Ala.,
and iron oro mines at Shannon, Ala. Its products aro barbed wire, gal
vanized wire, wiro fencing, bar steel, billets, rods and wiro nails. (V . 101,
p . 128, 776.)
F e b ., 1917 ]
Date
M IS C E L L A N E O U S C O M P A N IE S
[ F o r a b b r e v i a t i o n s , c e . , s e e n o t e s on f i r s t p a g e ]
b
Bonds
H a rb ison -W alk cr R e fra cto ries C o— Common stock-------Preferred stock 6% cumulative-----------------------------------H artm an C o rp o ra tio n — Capital stock S12,000,000----------H a rt, S c lia ffn c r & Marx— Common stock 815,000,000____
Preferred (a & d) stock 7% cumulative $4,600,000______
Havana Tobacco Co— Ootids §10,000,000 gold..................... x 1902
Hclmc (Qeo VV) Co— Common stock--------------------------------Preferred stock (a & d) $4,000,000 7% non-cum___________
H ercules P o w d er Co— Commonstock auth $10,000,000____
Pref stock 7% cum $10,000,000 red 120 N o v 15 beg 1915-Herring-Hall-Marvin— Common stock----------------------------Pref stock 7% cum callable at par §700,000_____________
Hocking Val Products— 1st M $2,000,000 g red 105sf-Ba.x 1911
Honiestake Alining Co— Stook $25,116,000-------------------—
Hudson Navigation Co— Coll trust s f bonds red par__ Oq.c* 1903
New Jersey Steamboat first mortgage gold_____________ F 1891
Hudson N av Co gold sinking fund mortgage-------------- o* 1908
Albany River Front 1st Hen bds gu sor duo $15,000 ann.c* 1915
H u pp M otor C o rp — Common stock auth $6,500,000--------Prof stock 7% cum conv auth $1,500,000 call 120 S d iv s . ..
c
Hydraulic Power Co of Niagara Falls— Com stk $12,000,000First & R e f M $§,500,000,call 110 after July 1 1020- x c * &r 1910
R e f & Im pt $10,000,000 call by co at 105 after Oct 1921-xr 1916
I llin o is P ip e L in e C o— Stock $20,000.000.........................
Indiana Pipe Line Co— Stock $5,000,000----------------------
Par
V a lu e
1,000
100
H A R B IS O N -W A L K E R R E F R A C T O R IE S C O — O R G A N IZ A T IO N .
— Incorporated June 30 1902 In Pa. Manufactures fire-clay products, &c.
lia s 30 plants, embracing 357 kilns, employing 5,800 hands; total dally
capacity 1,315,000 brick. Plants are located 22 In P a ., 5 In Ohio and one
each In K y ., Ind. and Ala.
S T O C K .— Authorized and issued $9,600,000 6% cumulative prof, and
$18,000,000 common stock, par each $100. N o bonded or funded debt.
____
D IV ID E N D S .— On prof., 1902 in full to Jan. 20 1917, 6 % .
On Common—
1907. 1908-09. 1910-14. 1915. 1916. 1917.
-----Paid quarterly (Q .-M .) — A %
None. 2% yrly 2 A
5A
E x tra .........- ...............- .....................................................- - 4
Text.
In 1917, on common, Feb. 20, 6% extra.
R E P O R T .— For year ended Sopt. 30 1916, in V . 103, p. 2155, showed:
Sept. 30
N et
Net
P f. Divs.
Common
Balance,
Year—
Earnings.
Profits.
(6 % )
Dividends.
Surplus.
1915-16........ $4,305,450 $3,540,604 $576,000 (7 % )$ 1 ,260.000 $1,704,604
1914-15........ 1,673,791 1,498.889 576.000 (2 % )
360,000
562,889
O F F IC E R S .— I I . W . Croft, Pres.; J. E. Lewis, O. M . R e lf and Hamil
ton Stewart, Vice-Presidents; W m . walker, Treas., and P . R . Hilleman.
Sec. Office, Pittsburgh,Pa.— (V . 103, p. 582, 64, 1795, 2155; V.104,p. 503.)
H A R T, SCHAFFNER & M A R X I N C — O R G A N .— Incorp. In N . Y .
May 11 1911, succeeding firm manufacturing men’s clothing. V. 92, p. 1376.
STO CK .— Common stock, $15,000,000; par, S100; pref., see table. Pref.
is redeemable In whole or part at 120 and accrued dividends, at least $500.
000 to be retired on or before July 1 1921 and $500,001) during 5-year periods
thereafter. N o mtge. without the consont o f 75% o f the prof, stock.
V . 92, p. 1376, 1439, 1639- $1,113,500 pref. was retired prior to Feb. 1
1916. V . 102. p.255.
D IV ID E N D S .— On pref. in full to M a r. 1 1917, Incl., 7% (l? i% q u a r . ).
Common div. M ar. 1 1916, to Dec., 1%; quarterly (4% per annum).
R E P O R T .— For year ending N o v . 30 1916, in V. 104, p. 360:
1915-16.
1914-15.
1913-14.
T o ta l profits......................................... $1,792,002 $1,287,505 $1,174,133
Preferred dividends (7 % )..................
260,539
286,110
305,715
Common dividends (4 % )....................
600,000
_
Redemption pref. stock, & c..............
368,893
454,163
310,486
$562,571
$547,233
$557,932
H A R T M A N C O R P O R A T IO N . O R G A N IZ A T IO N .— Incorporated In
Va. in Jan. 1916 and acquired the capital stock o f the Hartman Furniture
& Carpet Co. o f Chicago and affiliated companies. V. 103, p. 2337. Con
ducts a mall order and rotall business in the M id dle West. Capital stock.
$12,000,000 (all ono class), was listed on N . Y . Stock Exchange in Dec,
1916. V. 103, p. 2337, 148N o funded debt other than the (unassumed) $205,000 1st M . R . E . serial
gold 5 A s o f Hartman Furniture & Carpet C o., duo no or before July 1 1920.
Combined Results fo r Calendar Year 1916 (V. 104 p. 660).
Cal. Years— N etln com e.
Interest.
D epreciation,&c.
Surplus.
1916................. $2,014,406
$24,374
$188,000
$1,802,033
1915
1,302,610
20,835
25,000
1,256,775
O F F IC E R S .— Pres.. M a x Straus; V.-Pres., M ilton L . Hartman; Sec. &
Treas., Leon Hartm an.— (V . 103, p. 148, 496, 668, 847, 2240, 2337; V . 104,
p. 503, 660.
H A S K E L L & B A R K E R C A R CO
N . Y .— O R G A N IZ A T IO N .— In
corporated in N . Y . Jan. 12J1910 with 2o0,000 shares o f authorized capital
stock. 220,000 outstanding (no par value), to succeed the Haskell & Barker
Car Co. o f Michigan C ity, Ind., organized 1852. Plants at Michigan C ity,
Ind., have capacity o f between 15,000 and 20,000 cars, both wood and stool.
T h e company has $4,500,000 working capital, with no preferred stock and
no bonds, and with 30,000 shares Of available treasury stock.
D IV ID E N D S .— N o. 1,1 ^ % Jan. 1917; 3% per ann., payable quarterly.
D IR E C T O R S (and officers).— E. F. Carry (Pres.), Chas. A . Liddle
(V .-P ros.), Arthur Van Brunt (V .-P res.), A lex. J. M cA llister (T reas.).—
(V . 102, p. 525, 348, 71; V. 101, p. 2148; V. 103, p. 2082, 2432.)
H A V A N A TOBACCO C O .--O R G A N IZ A T IO N .— Incorporated In New
Jersey on May 28 1902 as amalgamation, per plan In V . 74. p. 1142. The
Amer. Cigar Co., It is understood, owns a m ajority interest In the com
mon stook and $3,696,000 of $7,500,000 bonds. V. 85, p. 287.
Stook, com., $30,000,000; pref., 5% non-cum., $5,000,000; outstanding,
col ? k ^ 2A
)A790'941:.
54.703.800; par of shares, $100.
Bonds, $10.
000.000 20-year gold 5s, o f which $2,500,000 not Issued. Report for cai.
year 1915, V. 102, p. 971, showod: Divs. received, $277,362; deficit after
charges & exp., $ >4,154; Int. on gold bonds, $375,000; bal., dof., $439,154.
Offlco, 111 Fifth A ve., N . Y . — (V . 98, p. 760; V . 100. p. 810; V . 102, p. 971.)
(QEO. W .) HELM E CO.— O R G A N IZ A T IO N .— Incorporated in New
Jersey l)eo. 4 1911 and took over snug factories at Yorklyn, Del., and lle linctta, N . J . , formerly owned by Amer. Snufi Co. V. 93, p. 1605; V.94,p.282.
S T O C K .— No prior lien to the pref. stock shall be created without the
consent o f two-thirds o f each class o f stock. On common, July 1 1912 to
Jan. 1917. incl., 2 A % quar., and in Jan. 1914 and 1915, 2% extra, Jan.
1916, 4% extra, and Jan. 1917, 4% extra. V. 103, p. 2158.
R E P O R T .— Report for cal. year 1915, In V . 102. p. 970. showed net earn
ings, $1.095,010;pref. divs. (7 % ). $280,000; com .divs. (1 4 % ). $560,000;
bal.. sur., $255,016. Pres.. Otis Smith; Sec. & Treas., E. D . Christian.
O ffice, 111 F ifth A ve.— (V . 101, p. 1889: V. 102, p. 970; V . 103, p.2158.)
W h en
P a y a b le
Am ount
O u ts ta n d in g
$100318 000 000 Sec text
6
100 9 600,,000
100
000, 000
,000 ,000 See text
100
569, 500 7 in 1916
100
5g
500, (100
1.000
000, 000 14% TO
100
7
000, 000
100
150,,000 See text
7
,350, 000
100
700, 000
100
400, 000
100
5 g
100 &c
345. 000
,116 ,000 See text
100
218,,000
5
1,000
1,000
392,,900
5g
1,000
,388 ,000
1,000
135 ,000
10 ,192 ,100
100
,307 .900
100
,000 000
1,000
,500 000
S T O C K .— Authorized common, $7,500,000 (subject to Increase by con
version of 2d pref.); 1st pref., $3,000,000; 2d pref., $5,000,000; all hold in
a voting trust oxplrlng Doc. 1 1918. Voting trust certfs. (see table above)
listed on N . Y . Stock Exchange In A pril 1916. A ll the accumulated dlvs.
on the 1st prof, stock to Jan. I 1916, 15 1-6%, were paid Feb. 15 1916; since
in full to April 1917 (1 M % Q.-J-). On 2d pref. paid Aug. I 1916, 1 ^ % ;
N o v ., 3% ; 1917, Feb., 1 H % ; A pril, 1 'A % . On common, N o . 1, Jan. 2
1917, 2% ; A pril 1917. 2 % . Dividend periods all now Q.-J. V . 104, p.667.
E A R N IN G S .— N e t, after depreciation, & c.:
1916— Dec.— 1915.
Increase. I 1916-12 Afos.-1915.
Increase.
$225,528
$81,723
$143,805 [$2,452,510
$614,674
$1,837,836
Th e 2d pref. stock Is convertible into common, share for sharo, at option
o f holder. Annual report for cal. year 1915, in V . 102, p. 973, showed net
Income o f $608,943. Pres., James Bowron; V-.Pres. & Treas., A . R . For
syth; Sec., W . H . M oore. O ffice, Brown-Marx Bldg., Birmingham, Ala.
(V . 103, p. 242, 582, 1034, 1510, 1891, 2240, 2346; V . 104, p. 366, 667.
Balance, surplus......................- - - — (V . 103, p. 668; V. 104, p. 3G0.)
163
INDUSTRIAL STOCKS AND BONDS
50
L a s t D iv id e n d
and M a tu rity
P la c e s W h e re In te re st a n d
D iv id e n d s a re P a y a b le
Q— M 15
See text
Jan 20 TV , 1y2
Q— J
Q— M M a r 1 1917 1%
Dec 30 T 6 1 J£%
Q— J
& D June 1 1922
Q— J Jan 2 T7. 6 X %
Q— J Jan 2 1917. 1U
See text Dec 23 '16, 55
Q— F
Aug 15'16 \ % %
Q— F 15
A & O
See text
J & J Jan 1 1961
Alonthly Feb 26 '17,65c
J & J Jan 1 1923
M & N Mch 1 1921
F & A Feb 1 1938
Q— M Sept 1917-1925
J
Checks mailed
Guaranty Trust Co, N Y
Checks mailed
Checks mailed
Checks mailed
do
do
See text
Equitable Trust Co
Mech & Metals N at Bk
Union Trust Co. Albany
Union TrC o,A lb an y .N Y
N ew York
Q—J Jan 2 1917 1M N ew Y ork
Chase N a t Bank, N Y
J ft, J July 1 1950
C ity T r Co, Buffalo. N Y
A & O Oct 1 1951
,000 ,000
Bankers Trust C o, N Y
,000 ,000 See text See text D e c l8 '16, 12% Findlay, Ohio
Q— F Feb 15 T 7 , 6% N ew Y ork
,000 000 See text
8*
H E R C U LE S P O W D E R C O ,— O R G A N IZ A T IO N .— Incorp. in D ela
ware Oct. 18 1912, and took over,as o f Jan. 1913. per plan o f disintegra
tion, part o f tho properties o f the E . I. du Pont de Nemours Powder Co.
(V . 94, p. 1386, 1629, 1698; V . 95. p. 969). H a lf o f the stock received by
tho 27 defendants in the dissolution suit is -without voting power.
Common Divs.—
1913. 1914. 1915. -------------1916-----------Mar- June. Sept. Dec.
R e g u la r ____ ____________________ 3
8
8
2
2
2
2
E x t r a ___________________________ . .
0
8
8
13'
13
text
Extra dividends o f 5% in cash and 4714% in Anglo-French bonds at 95
wero paid Dec. 23 1916. V. 103, p. 2158.
S T O O K .— The stockholders on Jan. 22 1914 authorized $10,000,000 7%
cum. pref. stock. See V . 98, p. 390, 1416. On Dec. 31 1916, $5,350,000
pref. stock was outstanding. See V . 100, p. 1835. In Feb. 1917 had no
funded debt.
R E P O R T .— Y ear ending Dec. 31 1915, in V . 104, p. 657, showed:
Calendar
Gross
Net ( all
Bond
Pref.
Balance,
Year—
Receipts.
Sources).
In t.
Divs.
Surplus.
1916.................. $63,419,030 $16,65S,873
______
$374,500 $16,284,373
1915................... 15,715,860 4,922,402
$36,300
368,308
4.517,794
1914.................... 7.927.801 1,434.755
187,500
223,589
1.023.666
Tota l profit and loss surplus Dec. 31 1916, $14,812,435. V. 103, p. 1790;
V. 104, p. 657.
Pres., R . H . Dunham; V .-F s., T . W . Bacchus, and J. T . Skelly; Sec. &
Treas., G. I I . M arkell.— (V . 103. p. 663, 941, 1790, 2158.)
H E R R IN Q -H A L L -M A R V IN SA F E C O — O R G A N IZ A T IO N .— Incorp.
In N . Y . on Sept. 22 1905, per plan in V. 80, p. 999. V. 94. p. 354.
419. Par, $100. D iv . on pref. In 1913, 7% (A . & O .). On Jan. 27 1916
paid 7% , being the deferred dividends c f 1914. and on M a y 25 1916 paid
A p r 1 1915 deferred dividend; on N o v . 16 1916 paid Oct. 1 1915 deferred
dividend.
Report for cal. year 1916, with balance sheet, in V . 104, p. 563.
Pres.,
W . F. Forepaugh; Sec. & Treas., F. A . Marsellus. O ffice. 400 B ’way,
N . Y . — (V . 96. p. 1564; V. 100, p. 1676; V. 102, p. 612; V. 104, p. 563.)
H O L L Y S U G A R C O R P .— V . 103, p. 242, 2346; V . 104, p. 456.)
H O M E S T A K E M IN IN G C O .— Incorp. In California N o v . 5 1877. Owns
over 4.000 acres, located in the rhito W ood M ining D istrict, near L ead,
Lawrence County, So. D ak., where the company has a largo mining plant,
including reduction works, stamp mills, electric plants, &c.
D IV S .— (1910 to 1912.
1913..
1914 & 1915. T o Feb. 1917.
Since 1909.1 50c. m ’thly.
65c. m 'thly.
65c. in’thiy.
65c. monthly.
E x t r a ........ I
None
----------$1 y 'ly , Dec. $1 Dec. 26 T6
15% stock dividend was paid M ar. 25 1913. V .9 5 ,p . 1686; V. 96, p .205.
R E P O R T .— Report for year ending Dec. 31 1915 was in V. 102, p. 1057.
Tota l income. $6,525,783; net, after taxos, &c., $2,345,545; dividends
(8 .8 % ), $2,210,208; surplus, $135,337.
Pros., Edward H . Clark, N . Y .; V .-P ., F. G . Drum, San Francisco;
Treas., L . T . Haggin, N . Y .; Sec., Fred. Clark. San Francisco, Cal. O ffice
354 Piue St., San Francisco; transfer agents. Columbia Trust C o.. N . Y . —
V . 100, p. 815, 1346; V. 101, p. 1977; V. 102, p. 2257; V . 103. p. 2240.)
H O U S T O N O IL CO. O F T E X A S .— V . 103, p. 2432; V . 104. p. 76, 161H U P P M O T O R C A R C O R P O R A T IO N .— O R G A N IZ A T IO N .— Inc. on
N o v. 24 1915 in V a., to make automobiles and take over the business and
properties o f the Hupp M otor Car Cos. o f D etroit and Canada, and the
Amer. Gear & M fg . Co. o f Michigan. Annual capacity with new improve
ments building, 25.000 cars. V. 101. p. 2074; V . 102, p. 2079.
C A P I T A L IZ A T I O N .— Pref. stock, $1,500,000, ail lssuod; 7% cum. and
conv. into com. stock, one share o f pref., par $100, for ten shares o f com.
par $10, prior to Jan. 1 1919. T o O ct. 25 1916, $129,100 pref had thus been
converted, leaving $1,307,900 outstanding. Common, $6,500,000 auth.
$5,192,100 issued, balance reserved for pref. conversion. N o bonds or
mtges. outstanding June 30 1916. Pref. divs. Jan. 1916 to Jan. 1917, \ M %
quarterly. Pref. Is redeemable at 120 and accrued div. at 3 months’ no
tice on any d iv. date 3 years after issuance o f last installment.
6 M O S . C O N SO L. R E P O R T .— For 6 mos. end. June 30 1916 (V . 103,
p. 64, 1116):
Balance, surplus__________ $251 198
N e t profits_________________ $300,3711
Preferred dividends............ 49,1731
N et Earnings o f the H upp M otor Car Co. and the American Gear & M fg . Co.
1911.
1912.
1913.
1914.
1915 est.
nu pp M otor Car C o_____ $418,427 $297,513 $739,019 $444,3841 Over
American Goar 3s M fg . C o . ------$175,340------ 129,715 100,728/$500,000
O F F IC E R S .— Pres., J. W . Drake; V .-P . & Sec., J. R . Drake; Treas.
Edwin Denby. N . Y . office, 25 Broad St. Ladenburg, Thalman 3s Co..’
N . Y . are Interested.— (V . 102, p. 1252, 2079; V . 103. p. 64, 496, 1116.)
IL L I N O I S B R IC K C O .— V . 103, p. 2082; V . 104. p. 563.
IL L I N O I S N O R T H E R N U T I L I T I E S C O .— See “ Elec. R a ilw ay” Sec.
I L L IN O IS P IP E L IN E C O .— O R G A N IZ A T IO N .— Incorporated In Ohio
on N o v . 30 1914 and took over as or Jan. 1 1915 the pipe line owned by Ohio
Oil C o., extending from Wood R iver. III., to Centerbrldge on PennsylvaniaN ew Jersey boundary line, about 900 miles, joining at that point the line
o f the Standard Oil Co. leading to the Bayonne refinery. The line also
reaches the Solar Refining Co. s plant at Lim a, O. Also has line from
M artinsville, 111., to Preble, 182 miles. Stock, $20,000,000, all distributed
pro rata among stockholders o f Ohio Oil Co. V. 99, p. 1678, 1913; V. 100
p. 144. First d iv., 5% . payable July 20 1915; 1916, Jan., 15%; June, 12%.
D ec., 12%. Balance sheet, V. 102, p. 1252. V . 100, p. 2013.
Pres., J. R . Penn Jr., Findlay, Ohio; V.-Pres., W . A . M iller, Lim a, O ..
Sec., W . E. Badger, Findlay, Ohio; Treas., J. E . n err, Findlay. O — (V*
101, p. 2075; V . 102, p. 1252, 1900.)
IM P E R IA L T O B A C C O C O . O F G R E A T B R I T A I N & IR E L A N D .—
V . 102, p. 1350, 1814, 1894; V. 104, p. 168.
IN D IA N A P IP E L IN E C O .— O R G A N IZ A T IO N , & C .— Incorporated in
Indiana in 1891. Owns pipe lines in S ta too f Indiana. Form erly control ed
by Standard Oil Co. o f N . J., but segregated in 1911.
D IV ID E N D S % —
1912. 1913. 1914. 1915. 1916.
1917.
R e g u la r.................................... 20
32
27
10
16
4% quar.
E x t r a ................................................................................
__
Feb., 2%
In 1917 paid Feb., 4% and 2% extra. T o ta l surp. Dec. 31 1917
$2,477,075.
164
INDUSTRIAL STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, & c., see notes on firs t page]
Indian Refining Co— Common stock $4,500,000----------------Pref (a & cl) stk 7% cum and participating convertible-.
First mtgo $5,000,000 gold call 102 sinking fund----------Ba
2d M 7% notes (V 96, p 1025; V 100, p 1261) - ..............
Ingersoil-Rand— Common stock $15,000,000 authorized----Pret stock 6% cum (a & d) option (see t e x t )_____________
First mtge $5,000,000 gold red 105 since 1911____ N.xo*&r
In la n d S teel C o (new co)— Stock $30,000,000-------- --------1st M tgo g duo $150,000 yearly A pril 1-------------- FC .c*
Exton & R e f M tg e $10,000,000 skg fd call 103-xxFC .c*Ar*
International Agricultural Corp— Com stk $18,000,000 auth.
P re l stock (a & d) 7% cum $18,000,000 authorized-------1st M A collat tr sink fd bonds $30,000,OOOred 103.Baxc*
In te r n a tio n a l C o tto n M ills— Com stock $10,000,000------P re f 7% cum red 105 for 3 years, then 115 ($10,000,000).
Flve-year notes $5.000,000 g red after one year at 101 OBxc*
Internat Harvester of New Jersey— Com stock $40,000,000.
Preterred (a & d) 7% cumulative $30,000,000---------------Notes $20,000,000----------------- ---------- ..............................
In te r n a t H arvester C orp.— Com stock $40,000,000---------Preferred (a A d) 7% cumulative $30,000,000---------------N otes $5,000,000 gold______________________________________
Date
Bonds
1911
1913
1906
1908
1912
1912
1913
1914
1914
$100
100
1,000
100 Ac
100
100
100 A c
100
1,000
1,000 Ac
lo o
100
100 &c
50
100
1,000
100
100
1,000
100
100
1,000
R E P O R T .— Report for cal. year 1916, in V . 104, p. 667, showed:
1915.
1914.
1913.
1916.
$1,271,416
81,268,792
$1,770,972
Profits for year_____ S I,300,836
(16) 800,00023) 1,150,000 (32) 1,600,000
D ivid en d s_______ (18% ) 900,000
8471,416
$118,792
$170,972
Balanco, surplus____
$400,836
N . Y . office, 26 B ’w ay, N . Y . — (V . 100,
M ain office, Huntington, Ind
p. 478; V. 102, p. 612; V. 103, p. 2432; V . 104, p. 667.)
IN D IA N R E F IN IN G C O .— (V . 103, p. 496, 760; V . 104, p. 366, 456.)
IN G E R S O L L -R A N D C O.— O R G A N IZ A T IO N .— Incorporated In N . J.
June 1 1905 and acquired Ingersoll-Sergeant D rill and Rand D rill companies.
Owns plants at Phillipsburg, N . J., Easton and Athens, P a., and Painted
Post, N . Y . See V. 83, p. 1176; also V . 84, p. 867; V . 85, p. 465.
S T O C K .— Authorized issue, $15,000,000. V . 102, p. 255, 440, 1439;
V . 91, p. 719, 1028, 1098, 1388, 1515, 1632; V . 93, p. 874; V. 96, p. 139,
1232. Common stock was Increased in April 1916 by 20% stock dividend.
In Dec. 1916, there being $10,231,035 stock outstanding, $750,000 now
stock was offered to employees at 200, payable out o f wages. V. 103, p.2240.
D IV ID E N D S —
1910. 1911. 1912. 1913. 1914. 1915. 1916.
5
5
5
5 5
50
Common_____________ % 5
Extra (various)______ % . . 25% stk. ._ 25% stk. _ .
10 20% stk.
On Dec. 29 1915 paid 10% extra in cash as shown and in April 1916 30%
In cash and 20% in common stock. On Dec. 28 1916 20% cash. V. 103,
p. 2346; V. 102, p. 1350, 1439.
R E P O R T .— Year 1915, V. 102, p. 1345, and 9 mos. to Sept. 30 1916
(V . 103, p. 2240):
Period
Total
Bond
Preferred Common Dividends
Balance,
Ending—
Income. Interest. Dividends.
(Cash).
Surplus.
Cal. yr. 1915 $4,762,077 $75,000 (6%)$151,518 (15)81,270.080 $3,265,479
9 mos. in T 6 5,152,370 37,500 (4^)113,638 (30)2,540,250 2,460,982
Also paid in A pril 1916 stock dividend o f $1,693,880.
O F F IC E R S .— Chairman, Wm. L . Saunders; Pres., Georgo Doubleday;
1st V .-P . & Treas., W m . It. Grace; Sec., Fred. A . Brainerd. Office, 11
Broadway.— (V . 102, p. 255, 440, 1345, 1350, 1439; V. 103, p. 2240.)
IN L A N D S T E E L C O .— O R G A N .— Incorp. In Delaware Feb. 6 1917 as
successor o f Illinois company, incorp. in 1893, and owning (a) at Indiana
Harbor works w ith a capacity o f 500,000 tons of steel p. a. and also by-prod
uct coking plant, (6) at Chicago Heights a finishing mill producing about
30,000 tons o f steel p. a.
S T O C K .— Auth., $30,000,000; unissued, $5,000,000; exchanged for stock
o f old co., $250 for $100, $25,000,000. V. 104, p. 168.
B O N D S .— 1st M . 6s o f 1908. See V. 87, p. 1162. Exten. & Ref. M tgo.,
$10,000,000 auth. Subject to call at 103 & int., all or part. Annual sink
ing fund 4% o f aggregate amount issued except on first $2,500,000, for
which the 4% sinking fund begins In 1928, the 1st M . 6s being retired
$150,000 yearly In meantime. V. 95, p. 1749; V. 97, p. 953; V. 100, p. 645.
R E P O R T .— For old cos. in V . 104, p. 449, showed:
Calendar Year—
Net Profits. Bond Interest.
Dividends.
1916______ ______- ...........- .............$10,826,237
$375,450 (8%)$799,908
1915................................. - ...........- 4,169,104
381,690
(6%)599,886
Pres...............................; S e c .,___________________ ; T r e a s .,______________
— (V . 104, p. 449, 456, 563.)
I N S P IR A T IO N C O N S O L ID A T E D C O P P E R C O .— See V . 103, p. 403;
V . 102, p. 2145, 148; V . 104, p. 456.
IN T E R N A T IO N A L A G R IC U L T U R A L C O RPO RA TIO N .— O R G A N IZ A
T IO N .—•incorporated in June 14 19091n New York. Owns one-half of tho
stook of the Kaliwerke Sollstedt Gewerksohaft, owning potash mines at
Sollstedt, Germany (having sold one-half with an option outstanding in
Jan. 1912 on the remaining h a lf), Prairie Pebble Phosphate Co., Florida, Ac.,
phosphate deposits In Tennessee and fertilizer factories In various States.
V . 91. p. 1516, 1450; V . 92, p. 1181; V . 94, p. 282, 1768; V . 97, p. 1895.
Has contract with the Tennessee Copper Co. for sulphuric acid. V . 92, p.
327. Stock increase, V . 92, p. 959, 1131, 1181. Potash supplies, V . 93,
. 287. 231, 1107; V. 94, p. 70, 282. Properties owned, A c., see applicaon to list, V. 100, p. 138.
T h e voting trust expired Sept. 14 1914. V . 99. p. 677.
B O N D S — Of the 1st M . and coll, trust gold 5s ($30,000,000 auth. Issue)
$13,000,000 have been sold, the proceeds of $6,525,500 being used to retire
subsidiary company bonds and of $6,474,500 to retire floating debt. The
remaining $17,000,000 bonds are Issuable for not more than 75% of the
cost of acquisitions, improvements or betterments, securities of other com
panies and general corporate purposes (the last-named to a maximum
amount of $4,000,000, until $21,000,000 are outstanding, and thereafter to
a maximum amount of $2,0OO,00O). but only when the consolidated net
Income for the llscal year next preceding shall have been three times Interest
charges, Including bonds to be Issued.
Annual sinking fund (first payment M a y l 1914) will equal 2 K % o f all
bonds outstanding. M a y 1 1914 to June 1916 81,839,600 bonds wore pur
chased and retired, being $864,600 in excess o f sinking fund requirement
and leaving only $11,160,400 bonds in hands o f public. V . 94, p. 1767;
V . 95, p. 1211; V. 96, p. 1632; V . 98, p. 1463; application to list, V . 100,
p. 138; V. 102, p. 255.
During year 1915-16 tho loans and notes payable were reduced from
$4,340,761 to $1,166,092. V. 103, p. 1300.
Kaliwerke Sollstedt Gewerkschaft has outstanding mortgage bonds for
6,000.000 marks, dated June 18 1912. Independent Phosphate Co. has
out $389,000 bonds pledged under mortgago.
D IV ID E N D S .— On pref. to Jan. 1913 Inch, 7% ner ann. N ono since
Tota l accumulations to Jan. 1917. 28% . V . 104, p. 366.
R E P O R T .— Report for year ending June 30 1916, see V. 103, p. 1300.
June 30
Gross
Net
Other
Bond
A m ortiBalance,
Year—
Profits' \ Earns.
In c.
Interest, zalion.&c. Sur. or Def.
1915-16___ $2,793,898 $2,051,303 $56,475 $581,906 $491,817 surSl,034,055
1914-15___ 1,844,799
645,984 18,000 616,900 207,106
defl60,022
D IR E C T O R S .— Stephen B. Fleming (Pres.), Albert French (V .-P .).
J. J. Watson Jr. (Treas.), Waldemar Schmidtmann, Thomas W . Lam on t,
A . H . W lggin, J. It. Floyd, Daniel E . Pomeroy, Francis M . Weld, Geo.
B . Caso, Edward R . Stettlnius. Office. 61 B ’way, N . Y . — (V . 100. p.
137, 401, 1462; V . 102, p. 255, 1720, 2080; V . 104, p. 366.)
I N T E R N A T IO N A L A RM S & FUZE S E C U R IT IE S C O R P .— (V . 102.
p. 255. 1629; V . 103, p. 324.)
IN T E R N A T IO N A L C O T T O N M IL L S .— O R G A N IZ A T IO N .— A Mass,
corporation organized on Feb. 6 1913. per plan in V. 96, p. 1232, 1705,
N ow interests entered the board and the actlvo management Is with Lock
w ood, Greene & Co. o f Boston. Seo V . 96, p. 1705; V. 98, p. 1395; V . 100.
p. 58.
8
Amount
Outstanding
Par
Value
Rate
%
$3,000,000 See text
3.000.
000
See text
1.273.000
6g
1,125,600
7
10.900.000 See text
2.525.500 6 in*1916
1.000. 000
5g
See toxt
1.800.000
6 g
4.380.000
6g
7.303.500
13,055,500 See text
11,160,400
5 g
5.000.
000
3,545,700 See text
4.000.
000 5
6
5 In
40.000,
:000 1916
30.000
000 7
6.096.000
5
See
40.000.
000 text.
30.000.
000 7
5
5.000.
000 g
When
Payable
[ V o l . 104.
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
Q— J July 15 ’ l l 3%
Q— M Feb 26 '17 1 H
A & O T o 1921
M & N M a y 1 1918
See text See text
J
& J Jan 2 1917 3%
J & J Dec 31 1935
N ew
N ew
A & O A p r l’ 17-Apr’28
J & J July 1 1942
First T r & S B , Chicago
N ow Y ork and Chicago
,T & J Jan 15'13 3 »
M A N May 1 1932
Bankers T r Co, N Y
do
do
J
& D
Q— J
Q— M
F A A15
Q— J
Q— M
F & A15
Dec 1 '16, 1M
June 1 1918
Jan 15 T7 1 M
M ar 1 1917 1 M
Feb 15 1918
July 15’ 14 I H %
M ar 1 '17 13
A
Feb 15 1918
Bankers Trust C o ., N Y
Guaranty T r Co, N Y
Cheoks mailed
do
Office 11 B ’ way, N Y
Lee, Higginson & Co Bos
Blair & Co, N Y A Boat
Checks mailed
Checks mailed
N ew York and Chicago
Checks mailed
do
do
N ew Y ork
M ills Owned in Fee and Through Controlled Companies— Spindles.
Owned in fee—'Manchester, N . H ., 104,096; L a Grango, G a., 9,984;
Hogansvllle, G a., 10,368.....................................
B ay State Cotton Corp. ($712,100 out o f $l,212,l0O stock owned;
no bonds)— Warner C ot., Nowburyport, Mass., 21,624; Le Roy
Cotton, Le R oy, N . Y.,»10,050, and Lowell W eaving, 310 loom s.. 31,704
Imperial Cotton C o., Hamilton, Ont. ($332,400 out o f $600,000
stock o w n e d )_____________________________________________________ 11,220
Cosmos Cotton C o., L td., Yarmouth, N . S. ($474,000 out o f $600,
000 stock owned; funded debt is $273,400)_______________________ 18,388
Also owns a minority Interest ($2,000,000 common) o f tho M t. VcrnonWoodberry M ills, Inc., Baltimore, incorporated Jan. 30 1915, to tako over
tho M t. Vernon-Woodbcrry Cotton Duck properties, per plan V. 99, p. 898,
which Is independently controlled. This property embraces nine mills in
and around Baltimore, with 89,000 spindles; Tallassco (A la.) M ills, 70,000
spindles, and Columbia (S. C .) M ills, 30,000 spindles. V . 99, p. 898, 1218,
1303; V. 100, p. 58, 234, 479, 737, 816, 905, 1262, 2090; V . 101. p. 373.
697, 927; V . 103, p. 582.
C A P I T A L S T O O K .— Tho shareholders votod on A pr. 18 to reduce the
par value o f tho common stock from $100 to $50, thus reducing tho outstand
ing common to $5,000,000, and to issue $50O,OOO additional prof, stock to
pay tho accumulated pref. dividends, which had been in default since Dec.
1913. Seo proposition to pref. shareholders in Juno 1916 In V . 102, p. 2170.
D IV ID E N D S .— On pref., 1 H % paid Sept, and Dec. 1 1913. Nono to
Sopt. 1916, when dividends wero resumed at tho regular rate, 1% % quar.
Dec. 1916, 1M % N O T E S .— Tho 5-year 6% gold notes o f 1913 ($5,000,000 auth. issue) J
$4,000,000 sold, are redeemable at 101, all or any part. V. 103, p. 760.
R E P O R T .— For cal. yoar 1915 in V. 102, p. 2170, 2252, showed:
Gross profit (Ind.sub .cos,) $1,156,408 JCompany’s share------------- $753,802
Depreciation, A c _________
331,4621 Interest on 6% notes______ 240,000
Balanco________________ $824,9461 Balanco, surplus_________ $513,802
Profits for tho three months ended M arch 31 1916 were $263,084, or
4.4 times tho $69,000 note interest for that period. V. 103, p. 761.
D IR E C T O R S .— Robert F . Herrick (Chairman), Albort L . Scott (Pres.),
S. Harold Greene (Treas.) and Edwin Farnham Greene, Frank J. Hale,
Rodman P . Snelling, F . L . Higginson Jr., Boston; F . P . Carponter, M an
chester, N . H .; Jno. B. Dennis and M yron O. Taylor, N . Y ., and H . C.
W right, N . Y .; S. Davios W arfield, J. II. Wheelwright, Baltimore. Offico,
Boston, Mass.— (V . 102, p. 1439, 1990. 2170, 2252; V . 103, p. 760.)
I N T E R N A T IO N A L H A R V E S T E R C O . O F N E W J E R S E Y .— Incorp.
In N . J. on Aug. 12 1902 and acquired fiv e concerns manufacturing agri
cultural machines: Deerlng Harvester C o., McCorm ick Harvesting Machine
C o., Ac. Also has timber lands, coal, ore, blast furnaco and steel proper
ties. See report, V. 86. p. 1471; V . 87, p. 94; V . 90, p. 1242. Wisconsin
Steel mtge., V . 85, p. 104.
On Aug. 12 1914 tne lower Federal Court, in tho Government suit ordered
tho dissolution o f the alleged Illegal combination into independent concerna
and with no stockholders in common. Appeal in U. S. Supreme Court was
argued Apr. 1915, but ro-argument was ordered in Oct. 1915. V . 99, p.
471, 611. 1054; V .lO O .p. 144,2171; V .9 4 .P . 1252; V . 95 .p . 364,359; V . 96,
p. 2171,1843; V . 103, p. 1985. In view or the suit, foreign plants and “ new
lines” wero early in 1913 transferred to tho newly formed International
Harvester Corp. (see that co. below). Seo application to list, showing
properties sold, pref. stock rights, A c., V . 96, p. 726.
S T O O K .— Because o f said separation o f properties, the stock was re
duced in 1913 from $80,000,000 common and $60,000,000 prof, to one-half
those amounts o f each class, each stockholder receiving $100 in cash for
each share o f stock o f both classes or at his option, an amount o f the new
company’s stock equal to his canceled shares. V. 96. p. 365, 492.
Rights o f stock, see application to list, V. 95, p. 302.
D IV ID E N D S .— On common stock, as reduced In 1913 by separation of
properties, April 1913 to Jan. 15 1917, 1 A % quar.
Bills payable Dec. 31 1915, $17,891,280, against $21,743,300 in 1914.
N O T E S .— O f tho $20,000,000 5% gold notes duo Fob. 15 1918, about
$14,000,000 has been acquired by tho company.— V . 102. p. 2084.
R E P O R T .— For 1915 at length in V. 102, p. 2072, 2083, showed:
1915.
1914.
1913.
Income from op eration s.......... ......... $14,186,623 $12,206,227 $13,284,671
Deduct.— Intorost on loans.......... ....... $1,068,642 $1,609,444 $1,828,745
Reserve for depreciation, A c ........ .. 3,841,545
2.733,552
3,140,400
do Fire Ins. fd ., pensions, A c . .
700,000
400,000
400,000
Proforrod dividends (7 % ).............. 2,100,000
2,100,000
2,100,000
Common dividends (5 % )_________ 2,000,000
2,000,000
2,000,000
Balance, surplus_____ ______
$4,476,436
$3,363,231 $3,815,526
O F F IC E R S .—-President, Cyrus I I . McCormick; Vico-Prosts., James
Doering, Harold F . M cCorm ick and John J. Glossner; Sec. A Treas.,
Georgo A . Ranney. General ofrico, 606 So. Michigan A vo., Chicago.—
(V . 101, p. 2171; V. 102, p. 2072, 2083; V . 103, p. 1891, 1985.)
IN T E R N A T IO N A L H A R V E S T E R C O R P O R A T IO N .— O R G A N IZ A
T I O N .— Incorp. in N . J. Jan. 27 1913 and took ovor, per plan V . 96, p. 365*
from the International Harvester C o. o f N . J. (see that co. above) all of its
foreign plants and business, with the stock o f foreign subsidiary com
panies, Including In t. Harvester Co. o f Canada, L td ., and also the plants
In the U . S. manufacturing “ now lines” added since the incorporation o f the
first-named company In 1902 (including gas engines, tractors, auto-wagons,
cream separators, wagons, manure spreaders and tillage and planting im
plements. For properties owned, rights o f pref. stock. A c., see V. 9 6 .p. 728.
Tho assets, surplus and earning power are estimated to be about one-half
of those o f the old co., the $10,000,000 unsecured loau due 1921 and $5.
000,000 o f the 3-year 5% gold notes due Feb. 1 1915, which wore refunded
by a now issue due Feb. 15 1918, being assumed to bring about this result.
D IV ID E N D S .— On com., lk f% quar., paid April 15 1913 to July 1914:
Oct. 1914 to Juno 1916, incl., none declared, owing to European war.
V . 99, p. 820; V . 100, p. 312, 904; V. 101, p. 1467; V. 102, p. 441. Pref.
d iv ., 7% p. a., paid regularly CQ--M. 15.1%) to and including M a r. 1 1917.
R E P O R T .— For 1915 at length in V . 102, p. 2072. 2085, showed:
1915.
1914.
1913.
Income from operations_______________ $6,608,466 $7,329,826 $10,356,628
Deduct— Interest on loans____________ $878,942 $1,224,041 $1,164,432
Reserve for depreciation, A c ________ 1,909,383
1,843,190
1,936.943
Do fire insurance, pensions, A c .
100,009
...........
100,000
Preferred dividends (7 % )........ ........... 2,100,000
____ .
2 , 100,000
2 , 100,000
Common dividends___________________
______ ( 2A ) l ,000,000 (5 )2 ,000,000
Balanco. surplus......................
*$1,620,141 $1,162,595 33.055,253
*Tho balance o f 1915 earnings, aftor payment o f prof, dividends, was not
carried to surplus account but to tho contingent reservo (Europoan war
lossos, A c .)— V . 101, p. 1467; V . 102, p. 441, 1990.)
124,448
F eb . 1917.]
fFor
IN D U STR IAL STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
a b b r e v i a t i o n s , <&c., s e e n o t e s o n f ir s t p a n e ]
(International Mercantile Marine— Stock com $00,000,000___
Pref (a & d) 0% cum $60,000,000 (V 84, p 1309, 1370)--ls t M & Col T r $50,000,000 callable at 110 & in t_________ N
Securities of Controlled Companies—
Oceanic Stm N a v i Ser 1 sf £125,000 yrly, call at par_______
1st M dobonts/Ser 2 s f 5% or £125,000, call p a r _______
Georgo Thompson Co, Ltd , debentures___________________
Other Issues see text below
(The) International Nickel— Common stock $50,000,000auth
Preferred stock (a & d) 6% non-cum $12,000,000 au th ___
International Paper— Stock common $20,000,000___________
Preferred (not as to assets) 6% cumulative (see t e x t ) ____
1st & R e f M 5s $20,000,000 s f call 102)3 ($7,500,000 co n v).
Flrst cons M g red since 1907 at 105________________ Us.xc*
Cons nitge $10,000,000 g red 2% sink fd (V 80,P 1482)Eq.xc*
(In tern a tio n a l S a lt— Stock $6,077,130 (V 96. p 1025)..........
Coll tr M gold $12,000,000 red 105 s f $200,000 yrly.U sm x
Retsof Mining first mortgage g o ld ___________________ C olz
D a te
Bonds
1916
Par
V a lu e
$100 $19,872,400
100 51,726,300
100 &c 40,000,000
£100
1908
1914
£826,060
£100 £1,499,340
£250,000
1917
1898
1905
525 $41,834,600
100 8.912,600
100 17,442.800
100 22,406.700
see text
1,000
8.132.000
1,000
4.176.000
100 6,077,130
500 &c
4,211,400
1,000
2.500.000
1901
IN T E R N A T IO N A L M E R C A N T ILE M A R IN E CO.— O R G A N IZ A T IO N .
A C .— Formerlv Tnternnt. Nav. Co., acquiring In 1902 (ncr nlan. V. 74.
p. 888, 941, 1093; V . 75. p. 1089, 1305), entire cap. stock o f W hite Star,
American, Red Star, Atlantic Transport and Dominion Lino and in the
Leyland Line, £587,030 o f tho £1,414,350 5% cum. pref. stock and £1,184,
630 o f the £1,200,000 common stock. V. 102. p. 2080. Gross tonnage built
or building Dec. 31 1915, 1,341,519 tons. Decision in G ovt, suit, finding
ool agreement “ void by actualities o f war,” sec V . 102, p. 256; V . 99, p.
133, 1677. Securities owned In Aug. 1916, V. 103, p. 668. In N o v . 1916
Joined with others in purchase o f N . Y . Shipbuilding Corp. V. 103, p. 1891.
In Oct. 1916 tho company’s financial position having been vastly im
proved owing to tho war, a reorganization was effected without forociosuro
nor tho jjlan (V . 103, p. 582, 668, 1214, 1985) o f stockholders’ committoos.
Th e company rosumed possession Oct. 6. Tho plan left entirely undis
turbed tho oxistiug common and proforred stock, tho lattor stock with its
82% o f accrued and unpaid dividends (as o f Aug. 1 1918). Tho question
o f paying or funding those accumulated dividends is left to tho futuro action
o f tho directors. V. 103, p. 1214. Tho Amorican International Corpora
tion (V . 103, p. 2338) in 1916 acquired a considerable amount o f tho cap. stk.
W ith cash on hand and without Issuing any o f tho 6% notes authorized
by tho plan tho company then discharged all excopt $40,000,000 o f Its
$78,000,000 funded debt, including therein tho 454s o f 1902 and 5s o f 1899
and the accrued interest thereon. This was accomplished by giving tho
depositing bondholders o f both issues 57% In now 25-yoar First M ortgage
& Collateral Trust 6% Sinking Fund gold bonds and cash for tho remainder
o f their principal and cash also for the full amount o f tlioir accrued and
unpaid interest to Oct. 1916; tho holders o f unassentod bonds received cash.
First M . & Coll. T r. Sinking Fund gold bonds dated on Oct. 1 1916
and duo Oct. 1 1941, but subject to prior redemption on any int. dato at
110 and int. on 4 weeks' notico. Sinking fund not loss than $400,000 per
annum boginning in 1917. and proportionately more if moro than $40,000,
000 bonds aro issued. Total auth., $50,000,000. Present issuo, bearing
6% Int., $40,000,000.
Remaining $10,000,000 resorvod for futuro
uso under restrictions to moot not over 85% o f tho cost o f additional ships,
equipment, &c., and for improvements and bottermonts o f tho property.
In t. rato not to oxccod 6% and callable at not over 110 and int.
SUR. CO. B O N D S .— Oceanic Steam N a v . Co. 454% dobs., seo V . 87,
p. 1091; V. 99, p. 202; V. 102, p. 2170. Thore aro also £72,000 Int. N a v .
real cstato 454s; £1.702 A t. Transport. 454s, £6,300 Leyland Lino deben
tures, due Dec. 1 1921 (cash deposited for these).
N E T E A R N IN G S .— For 7 months onding July 31 1916 (V . 103, p. 848)
viz: Jan., $4,525,000; Feb., $4,007,000; March, $5,192,000;
A pril, $5,727,000; M ay, $7,311,000: Juno. $6,929,000; July,
$4,773,000; Total not earns, beforo deducting war tax.......... $38,464,000
W ar tax (60% with exemptions varying from month to month)ost 12,821,000
f
Balance ........................................................................... ....... $25,643,000
CONSOL. IN C O M E A C C O U N T FOR C A L. YE A R S ( V . 103, p. 1979.)
1915.
1914.
1913.
Gross voyago earnings_______________$57,361,579 $43,378,527 $47,519,405
Mlscel. receipts (Leyland div., & c .)-. 4,307,588
2,242,029
1,961,453
$61,669,167 $45,620,556 $49,480,858
N e t earnings (after exp. on Ocoanic
Steam. N a v . bonds)____________ $28,269,781 $7,792,304 $10,006,567
In t., &c., on bonds (much reduced
in 1 9 1 6 )--.................- ................. 3 -§§5’§2?
3’S i3' 114
3,578,578
Interest on loans____________________
386,774
634,024
554,685
Income tax and excess profits d u ty .. 0,736,071
238,137
156,345
Depreciation on steamships_________ 3,759,367
3,609,557
3,417,272
N e t p ro fit........................................... $ 13,581,660 dof.$302,528 $2^1993387
Working profit, Leyland C o------------- £1,441,690
£551,637
£517,290
N ote.— Tho British excoss profits duty from Aug. 4 1914 to Aug. 4 1915
wero fixed at 50% o f tho earnings In excess o f the avorago earnings o f any
tw o o f tho threo years previous to the war. B y tho budget on A pril 4 1916
tho rato on tho same basis was increased to 60%.
D IR E C T O R S — 1919: Harry Bronner, George W . Davison, Philip A . S
Franklin, Albert Rathbono, Charles I I . Sabin and Fredoric W . Scott(b) 1918 term: Otto T . Bannard, Donald G. Geddas, John W . Flatten
Cnarles A . Stono and Frank A . Vanderlip; (c) 1917 term; Edward C. Gren
fell, J. P. Morgan, lit . Hon. Lord Pirrie, K .P ., Harold A . Sanderson and
Charles Steolc. Chairman, Harold A . Sanderson; Pres., P. A . S. Franklin:
Troas., II. G. Philips; Sec., A . 1*. Palmer. N . Y . Office, 9 Broadway.
— (V . 103, p. 1305, 1415. 1690, 1890, 1979, 1985, 2346.)
I N T E R N A T IO N A L M O T O R C O.— P L A N . &c., V . 103, p. 1415,
1595, 1690, 1891, 2082, 2158, 2346.
(THE) IN T E R N A T IO N A L N IC K E L CO.— In co rp .ln N . J. Mch.29 1902
In Sept. 1912 succeeded to International Nickel Oo. and Colonial Nickel
Co., per plan V. 95, p. 239, 682. the old Int. Nickel com. stock receiving
250% In new com. stock, the old pref. $ for $,ln new pref., and 59,000,000
new com. being offered to old stockholders to retire the 57,900,154 bonds
at 110, all bonds not previously purchased being called for puyment on
April 1 1913.
Tho company had previously acquired all stock of
Canadian Copper Co., with plant at Copper Cliff, Out.; and the Orford
Copper Co. of Bayonne, N . ,).; control Nickel Corp., L td., London, and
Socioto Mlniero N ew Caledonia, A c. V. 75. p. 1205, 1257- English con
tra ct and subsidiary plant in Canada, seo V.102, p. 714; V 103, p. 761, 2432.
r.
Voting Trust.— A majority of the stock is deposited with E . C. Converse,
Joseph R . lie Lamar. Ambrose Monell, Robert M. Thompson and Ezra F
Wood as voting trustees for 5 years ending Sept. 6 1917. The trustees may
terminate the agreement at any time. V. 93, p, 1468: V. 95, p. 682.
S T O C K .— Shareholders voted Jan. 1916 to docroaso tho par value o f com
shares,each $100 share being exchanged for four $25 shares. V.102.p.348 71
D IV ID E N D S .— 1Dec. 1912. 1913. 1914.
1915.
1916.
19i7.
2
10)3
10
1 7 )3& 1 0stk.
25
6 , - ,- . P e r c e n t...... ......... J
In 1916 5% was paid in March, 8% in June, and 6% in Sept, and Doc.
R E P O R T .— For year 1915-16. V. 102, p. 2072; for 9 mos. 1916
V . 104, p.359:
„
( Fiscal Year ends
---- 9 M os. to Dec. 31---— Years end. M a r. 31—.
M arch 31)—
1916.
1915.
1916.
1915.
T o ta l gross_____________$12,844,820 $10,377,980 $14,340,966 $7,230,761
N e t, for dividends_____ 10,354,477
8,525,960 11,748,279
5,598,072
Preferred dividends
(4)3)401,067(4)3)401,067 (6)534,750 (6)534,753
Common dividends____
5,020,152 *3,993,305
9,431,803 4,753,938
P e r c e n t . . . .................
(12% )
(10%)
(23% )
(12 )3% )
Balance, surplus_______$4,933,258 $4,131,588 $1,781,720
P ro fit and loss surplus Sept. 30 1916, $6,860,988.
Am ount
O u ts ta n d in g
$309,378
R a te
%
W hen
P a y a b le
165
Last
and
D iv id e n d
M a tu rity
6g
A
4)3
4)3
4)3
J & D 30 June 30 1922
J & D 30 June 30 1943
Juno 30 1925
See text
6 In 19)6
&
P la c e s W h e r e In t e r e s t a n d
D iv id e n d s are P a y a b le
O Oct 1 1941
London
do
do
Q— M
Q— F
M a r 1 ’ 17 6%
43 Exchange Place, N Y
Feb 1 1917 1 5
4
do
do
July 1 1899 1 % Checks mailed
2)3 In ’ 16 Q— J Jan 15 ’ 17 1)3
do
J & J 1947
5
F & A Feb 1 1918
6g
Metropolitan T r Co. N Y
J & J Jan 1 1935
_ 5 g
do
do
See text Q— J
Dec 30 '16 2%
Empire Trust Co. N Y
5 f? A & O Oct 11951
J & J Oct 11925
6 g
Columbia T r Co. N Y
O F F IC E R S .— Chairman o f Board. Robert M . Thompson: Pres., A m
brose Monell; Sec. & Treas.. James L. Ashley. O ffice. 43 Exchange Place.
N . Y . — (V . 103, p. 403, 582, 760, 1591, 2432, V . 104, p. 359.)
I N T E R N A T I O N A L P A P E R . — Incorporated Jan. 31 1898 and took over
by purchase 25 of the principal pulp and paper mills of the U. S.: see V . 81.
P. 2623; V . 67, p. 428, and V.69, p.494: also applications to list, in V . 67.
n 1359. and V 68, n. 776: V . SO n 1482. Dally output about 1,700 tons.
See V . 66, p. 288; V . 67, p. 177; V . 69, p. 281. In Feb. 1917 owned or
leased over 4,000,000 acres o f timber lands in U. S. and Canada. The
Continental Paper Bag Co., a m ajority o f whoso $5,000,000 stock is owned,
with factory at Rumford Falls, M e ., capacity about 15,000.000 bags daily;
first (quar.) div. on com. stock. 1% , paid June 1905. V. 70, P- 742;V. 69,
p. 494, 908; V. 73, p. 786; V. 80, p. 2624; V. 82. p. 103. American Realty
19°lfSe0 V . 103 P
P‘
In Quiry as to prices ;of paper in
D IV S — 1898. 1899. ’00 t o ’07. 1908. ’09 t o ’ 14. ’ 15. 1916.
Pref. (% )_ 4)3
6
6 yearly
4
2 yearly
2
2A
Com. ( % ) . 1
2
None
None
None
—
—
1917.
ns
JU Feb. 1917 there was 33 'A % of accumulated dividends on tho pref. stock.
1 I N A N O I A L P L A N .— The company, as o f Jan. 31 1917, issued a
financial plan (see V . 104, p. 563) providing both for tho refunding o f the
bonded debt on the terms below indicated and for a settlement o f tho 33 A %
of accumulated dividends on the preferred stock. Holders o f tho pref.
shares aro asked to deposit their holdings with the Bankers Trust C o., N .Y .,
as depositary, on or before M ar. 1 1917, preparatory to (a) the making o f
a no'v $20,000,000 First & Ref. M tg; (b) an increase in tho authorized pref.
st°ck from $25,000,000 to $32,500,000, solely against the convertible feature
o f $7,5OO;O0O o f tho new bonds, and (c) the discharge o f tho 33 A % accumu
lated dividends with 7)3 % in cash, 14% in 6% cum. prof, stock and 12%
in common stock using for this purpose the remainder o f the stock there
tofore authorized.
Tho directors believe that a very substantial part o f the surplus earnings
for 1916 and 1917 (those for 1916, aggregating about $4,5OO,0OO should be
applied to redemption o f funded debt. For the retirement o f tho remainder
o f tho $14,158,000 5% and 6% bonds, due in 1918 and 1935 (leaving $727,
000 divisional bonds to mature in 1919) it is proposed to issue $7,500,000
o f tho now bonds (convertible into preferred stock, as below stated), making
the total funded debt $8,227,000. exclusive o f $3,400,000 to bo issued forth
w ith and held in tho treasury. These $7,500,000 bonds aro offered in ex
change pro rata to tho holders o f the following $14,158,000 bonds, who
would also receivo a 1)3% cash bonus, viz.: $1,500,000 Hudson R iver Pulp
& Paper Co. 6s, $8,132,000; International Paper Co. First Consol. 6s, $4,
176,000; Consolidated M tge. 5% bonds, due 1935, and $350,000 Rumford
Falls 6s. V . 101, p. 563, 667.
Proposed $20,000,000 First & Refunding 5% Sink. Fund Mtge. 30-Year Bonds
T o retire present 6% bonds o f parent and subsidiary companies
(seo above), and Consol. M tg e. 5% bonds) theso new bonds to
bo convertible from July 1 1919 to July 1 1922, incl., into 6%
cum. prof, stock, par for par__________________________________ 7,500,000
ltaserved to refund or retire Piorcefield Co. 5s, due Sept. 1 1919,
$338,000, and Olcott Falls 5s, due March 1 1919, $389,000.. 727,000
T o be immediately Issued to the company [In exchange for Consol.
M tg e. 5% sinking fund bonds similarly held or immediately
issuable to the company], but to be held in treasury___________ 3,400,000
Rascrved under rastrictions for extensions, improvements, &c__ 8,373,000
Tho now mortgage w ill bo dated Jan. 1 or July 1 1917 and w ill provide
for an annual sinking fund o f 1% o f the total amount o f bonds at any
timo iasuod [plus Interest on bonds so retired.] Callable at option o f com
pany, all or in part, on any interest dato at 102)4 and int. V. 104, p. 563.
1. In t. Paper purch. money. In t.
Where paid.
Outst’g. M aturity.
Rumford Fall Sulphite l s t ll.6 g J-Jx N Y , Met T r Co $350,000 July 1 ’ 18
Piscataquis Falls P. 1st M .s.f.4 g F-Az
do
do
19,000 Aug 1 ’ 18
2. Old bonds assumed (all subject to call at J05)—
Hudson River Pulp & P a ___0 g J-Jz N Y , Bkrs Tr Co 1,500.000 Jan 1 ’ 18
Bonds of Controlled Companies—
Olcott Falls 1st M g . - _ ......... 5 gM-Sx N Y . Met T r Co
389,000 Mch 1 ’ 19
Plercefleld Paper 1st M ______ 5 gM-Sx N Y , Met Tr Co
338.000 Sept 1 ’ 19
Umbagog Paper 1st M _______ 5 gM-Sx Un SD & TCo.Port 60.000 Sept 1 ’ 18
Am. Realty Co. 1st M l5 g J-Jx Port. Me. (J S D & T C o
145.000 July 1 ’41
g Int gu red par s f _ _ (Union Safe Deposit & Trust Co..Portland,Me.,trus.
St Maurice Lum (PentecostM )
M -S x________________ 137.500 Sept 1 ’ 27
For tho cal. year 1916 tho net profits were officially estimated in Feb.
1917, aftor deducting all fixed and other charges, as $4,500,000, while for
a period o f fiv o years they had averaged, aftor allowance for depreciation,
$2,701,000 per annum. Fixed charges under tho new financial plan, as
roprasentod b y interest on $7,500,000 proposed new bonds, and tho $727,000
bonds duo In 1919, w ill be $411,350. V. 104, p. 563.
R E P O R T .— Report for cal. year 1915, in V. L02, p. 882.
Calendar
Total Net
Dona
Deprecia- Pref.Dies. Balance,
Year—
Income.
Interest.
lion.
(2 % ).
Surplus.
1915.....................$3,121,681 $847,834 $1,051,332 $448,134 $771,381
1914...................... 3,088.898
867.649
1.083.539
448,134
689,575
D IR E C T O R S .— A . N . Burbank, Philip T . Dodge (Pros.), Ogden M ills ,
F . B . Jennings, Samuel L . Fuller, F. N . B. Close, F. 8. Flower, Chester W .
Lym an, R . Pagonstechor, G . F. underwood. H . A . Wilder, Albert H . W iggin, Wm. I ) . Russell. Secy. Is F. G . Simons. Office. 30 Broad St.. N . Y .
(V . 102, p. 256, 882; V . 103, p. 1214, 1985, 2432; V. 104, p. 564.)
I N T E R N A T I O N A L SA LT CO.— O R G A N IZ A T IO N .— Incorporated In
New Jersey in 1901. In January 1916 owned (a) all of the $3,600,000
capital stock of the Retsof Mining Co., engaged In mining rock salt at Ret
sof, Livingston Co., N . Y.; ( b ) $300,000 stock (75% of entire Issue) of A very
Rock Salt Mining Co., with mine at A very Island, La. (this stock is In
treasury of Retsof Mining Co.); (c) entire $750,000 stock of Internat. Salt
Co. of N. Y ., with producing plants In N . Y . State known as Watkins,
Ithaca and Cayuga. See statement In April 1910, V. 90, p. 852, 1100. In
Jan. 1913 acquired control o f Detroit (M ic h .) Rock Salt C o. V . 96, p. 422.
D IV ID E N D S .— 1905 (old stock). 1%; 1906, 4% : on new stock, A p ril.
July and Oct. 1 1915, A of 1%; 1916. Jan., )3 % and 1% extra: April, )3 % ;
July, A % and 1% oxtra; Oct., 1%; Dec. 30 1916 1% and 1% extra.
V . 103, p. 2082.
BO NDS.— Of the 5s of 1901 ($12 000,000 auth. Issue), one-sixtieth of
amount Issued to be retired each year by sinking fund and canceled. In
March 1910 $2,420,000 were retired as the result of the sale of the West
ern propertias. O f tho $8,927,500 bonds lssuod, $4,502,500 wore retired
on or before Oct. 1 1916. V. 82, p. 1443; V. 90, p. 852; V. 99, p. 273. The
last o f tho collateral notes wore paid o ff In July 1912.
166
M IS C E L L A N E O U S C O M P A N IE S
[ F o r a b b r e v i a t i o n s , d o c ., s e e n o t e s o n f ir s t p a g e ]
D a te
Bonds
Par
V a lu e
Amount
R a te
O u ts ta n d in g
In te rn a tio n a l S ilver C o — Common stock (issued, $9,944,
$685 ,362
$100
700; In treasury. $0,259,338) — -------- ---------------------6,028 .688 See text
100
Stock pref 7% 'a & di SO.000,000 (Issued $6.60/,500)----970 ,764
None
Dividend scrip (V 70, p 106)........ ................. . . . . . . . . . . . .
6 g
3.114 ,000
1,000
First mtge S4.500.000 s f called at 110 since I901.-N .xo* 1898
1003
1.000
1,807,,000
6 g
Debentures S2.000.000 gold redeemable at par...............x
In te rn a tio n a l Steam Pum p Co— SeaW orthington Pump & Mach inory Cor
Text
100 ?'l.000, ,000
In te rs ta te E lectric C o rp o ra tio n — Com stock $1,000,900
7
800 ,000
100
Preferred stock 7% cumulative $1,000,000--------------------6
1,241,,000
500 &c
1st Hen 6% coll.bds.call (all only)at 102 & int since M ar 16 1913
835,,000
U n d e r l y i n g b o n d s as o f N o v 1916 see te x t----------------------1.500,,000 See text
100
Jefferson & Clearfield Coal & Iron— Pret stock 5% non-cum
365,,000
1,000
5g
First mortgage gold sinking fund drawn at 105-------(i.zc* 1896
5 g
1,000,,000
1,000
Second mtge gold sinking fund drawn at 105— Ustn.zc* 1896
1.900,,000
5g
1,000
Indiana County 1st M $2,500,000 auth sinking fu n d ...0 x 1910
100 12,000,,000
Jew el T e a C o — Common stock $12,000,000---------------------7
100 4.000,,000
P re f stock 7 % cum $4,000 000 call 125 & d iv s ............... .
100 10,000,,000
Jones Bros T e a Co In c (G ra n d U nion T e a )— Common stk
N ew
4.000,,000
1,000
P re f stock 7% cum call 110 2% s f 1920--------------------------100 30.000,,000
Jones & La u g h lin Steel Co— Stock--------- - - - - -----5 g
1,000 22.039,,000
1st M $30,000,000 g s f red 10a beginning 1914----- FC.XO* 1909
5«
4.978,,000
1.000
K ansas C ity Mo tins Co— 1st M sink fund purch to 105 z 1897
2.500,,000 5 in 1915
100
Kansas C ity S tock Y d s C o o f M a i n e — Com stk $2,500,000
100 7,981,,500 5 In 1916
P re f stock (a & d) 5% cum $9,000,000 a u t h .......... - - - -
1.900, 000 7 per ann
100
Kansas (las & Electric Co— Pref (a & d ) stock cum red l l o 5 v
3.872. 000
1.000
1910
First mortgage ($6,000,000) gold callable (t e x t )----- 0.xo
100 6.000, 000 6 in 1916
(Julius) Kayser & Co— Common stock; $ 6 ,7 5 0 ,0 0 0 .------100 2,181,,900 7 In 1916
First pref (a & d) 7% cum $3,000,000 redeemable at 120.695,,000 7 In 1916
100
Second pref (p & d) 7% cumulative $750,000 (see text) —
R E P O R T .— For year ended Feb. 29 1916 (V . 102, p. 1623) showed not
after chargos, $437,472, against $358,740, $293,290, $297,059 and $108,033
in 1914-15, 1913-14. 1912-13 and 1911-12, respectively.
Pros., )Vf. B. Fuller; Sec. & Treas., W . II . Barnard. Office, Scranton,
Pa . N . Y . office, 2 Rector St.— (V . 103, p. 848, 1596, 2082.)
IN T E R N A T IO N A L S IL V E R .— O R G A N IZ A T IO N , & c — Incorporated In
N ov. 1898 under laws of N . J. and acquired silver-plating properties— see
V. 67, p. 1160; also V . 68. p. 232. 334. 1024; V. 76, p. 106. Also has a large
sterling sliver output. See V. 68, p. 334, as to rights of capital stock,
plants, &o. V. 67. p. 1160; V. 68. p. 1024. V. 71. p. 545; V . 82, p. 990.
STOCK. &c.— Com. stock Issued, $9,944,700, of which $9,259,338 In
treasury Jan. 1 1916: pref .* $6,607,500. of which $578,912 In treasury.
P R E F . D IV S .— 1’0 7 .’08. ’09. '10. ' l l . T 2 . T 3 . *14. T5 . ’ 16.
1917.
Since 1906 (% ) „ \ 6 H 4 A 4H 7 A
8 10 9 7 A 7
. A & f ~ ’~
In Oct. 1916there remained accumulated dividends o f about 10M % .
Also In Jan. 1903 scrip for unpaid divs. (21A % ) then due, $970,784.
R E P O R T for year end. Dec. 31 1915, with bal. sheet, in V . 102, p. 973.
N et.
Deprec.
Bond In t.
Pref. D iv.
Balance.
1915 ..........$766,214 $278,279 $300,918 (7%j$422,002 def.$234,985
1914_______1.041.813
276.559
305,362 ( 7 ^ ) 437,073 sur. 22.819
Pres., Geo. H . W ilcox, Moridon, Conn.; Treas., Fraray Hale, W alling
ford, Conn.— (V . 100, p. 899; V. 102, p. 803, 889, 973.)
IN T E R N A T . ST E A M P U M P C O.— See Worthington Pump & M acli.C orp
IN T E R S T A T E E L E C T R IC
C O R P O R A T IO N .— {See M a p .)— OR.
G A N IZ A T IO N .— Incorp. in Virginia on Jan. 28 1913 to acquire electric
ight, gas, water and ice companies in the U.S. Owns and operates utilities in
Union C ity and Corry C ity, Pa., Great Bend and Holsington, K an., Tren
ton and Chilllcothe, M o ., San Angelo, Ballinger, Winters, Palestine and
Laredo, T ex., also transmission lines in Texas, Missouri, Kansas and Pennvania. Compare V . 103, p. 941.
C A P I T A L IZ A T I O N .— Stock auth., $1,000,000; common. In $100 shares,
and $1,000,000 7% cum. pref., also in $100 shares, Issued Jan. 1916; out
standing common, $1,000,000; pref., $800,000. First Lien 6% bonds
authorized, $2,000,000: outstanding, S I,241,000. This includes those
reserved to retiro underlying Issues. Entiro bond issue limited to $2,000,
000, secured by underlying bonds and stock in subsidiary companies.
Redeemable as a whole but not in part on any interest date after March 1
1916 at 102 and interest. V . 103, p. 1795.
D IV ID E N D S .— Initial dividend o f 1 H % on pref. stock issued In Jan.
1916 was paid March 1 1916, and div. N o. 2, Juno 1. 1 A % : N o. 3. Sept..
1 % % : Dec., l h % . Common div. N o . 1, 1%, was paid July 1 1916;
Jan. 1 1917, 1% .
.
Subsidiaries.— Controls the entire stock In the following companies,
whose outstanding bonds, aggregating Dec. 31 1916 $836,710, are shown:
San Angelo (T e x .) W ater, L t. & Pow . Co. (1st 6s, duo 1939, $443,000);
Great Bend (K a n .) W ater & Elec. Co. (1st 5s, duo 1923 , 321,000); Laredo
(T e x .) W ater Co. (1st 6s, duo 1918, $18,000; 1st cons. 6s. due 1932, $97,
000; scrip, $1,710, and 8% notes, due 1919. $10,000); C orry C ity (Pa .)
Elec. L t. Co. (1st 6s, due 1921, $9.COO, and 2d 4 Ms. $9,400); Union C ity
(P a .) Elec. Light Co. (1st M ., $9,000); Palestlno (Tex.) Water-Works
Co. (1st 6s, $90,000); Trenton Gas & Elec. Co. (1st 6s, due 1918, $50,000);
and 1st ref. 6s, due 1937, $75,000); W ayne Township Power C o., P a., Home
Pow . Co. (P a .), Concord Township Pow . Co. (P a . ), Holsington (K an.) E l.&
Ico Co.; Peoplo’s Gas & Elec. C o.. Chillicotho, M o.; Ballinger Elec. L t. &
Pow. Co.; Ballinger Ico Co.; Consumers Ico & Fuel Co.; Winters Light &
Power Co. and Palestino Ice Co.
R E P O R T .— For year ending Dec. 31 1916:
Gross earnings, $677,234; net earnings------------------------------------ 9202,»7/
Interest on Inter-State Electric Corporation bonds......................... 74,460
Interest on underlying bonds not owned------------------------------- -51,078
Dividend on preferred stock----------------------------------------------- (7%)55,107
Dividend on common stock_____________________________________ (2%)20,000
Balance, surplus,________________________________________________$62,333
O F F IC E R S .— Pres., William Howard Hooplo; Treas., W . O. Ila r t y ’
Sec.. Robert W . Davidson: V .-P ’s, A . E . Fitkin, M . B. Webster and
W . C . H arty. Office, 141 I l ’w ay. N . Y . C ity .— (V . 103, p. 941,1795,1891.
IN T E R S T A T E IR O N & S T E E L CO ., C H I C A G O — V. 103, p. 2432;
V . 104. p. 168.
JEFFERSON & C L E A R F IE L D C O AL & IRON CO.— O R G A N IZ A T IO N
Organized under the laws of Pennsylvania In May 1896. See V . 62. p
908; V. 63, p. 115. Compare Buffalo Rochester & Pittsburgh R y .
STO C K .— The $1,500,000 common and $300,000 of the $1,500,000 of 5%
non-cum. pref. stock is owned by the Rochester & Pittsburgh Coal &_Iron
Co. (the common mostly pledged as security for Its bonds: V . 75, p. 1357).
D IV S .— (1900. 1901. 1902(0 1905. 1906 to 1914. 1915-16.
1917.
Common,%\ 5
01
5% yearly.
None.
Nono —
.— .—
Preferred,% (------1897 to Aug. 1914, 5% yearly— —• 3%
2M , —
B O N D S .— Th e sinking fund on 5s o f 1896 Is 3 cts. for each ton o f coal
mined, the payments to bo not less than $50,000 per annum. Estimated
that lsts wifi be retired In 1919. In July 1910 filed mtge. for $2,500,000,
covering about 16,000 acres coal lands in Indiana County, P a., o f which
$1,900,000 issued. V . 85. p. 1341; V . 91, p. 279.
In t. and P f. Divs. Balance,
E A R N IN G S .—
Gross
Net
Surplus.
Ending—
Earnings. Earnings. Sink. Fd. ( 2 % % )
160,446 $37,500 $129,012
6 mos. to D ec.31 ’ 16-$1,686,198 $388,123
65,976
337,936
37,500
12 mos.to J’no 30 T6 - 2,827,120
440,598
— (V . 90, p. 1242; V. 91, p. 279; V . 100, p. 478; V. 103, p. 410.)
J E W E L T E A C O ., IN C .— O R G A N IZ A T IO N .— Incorporated In N . Y .
on Jan. 14 1916 to take over the Illinois co. o f the same name. Sells coffee,
tea, baking powder, soap, &c. M ain office and plant o f old co. In Chicago,
Proposes to (ease large building In or near N . Y . as principal shipping station,
C A P I T A L IZ A T I O N .— Pref. stock auth.. $4,000,000 7% cum. pref. (par
$100), divs. Q.-J.; N o . 1 payable April l 1916; July and Oct. 1916, 1 % % .
1917, Jan. and A p r., l % % - Common auth., $12,000,000 (par $100).
P ref. redeemable at option o f directors upon 90 days’ notice at 125 and ac
crued divs. Property cannot bo mortgaged; pref. stock cannot bo Increased
without consent o f H in interest in both classes o f outstanding stock, taken
separately.
[V ol . 104.
IN D U STR IAL STOCKS A N D BONDS
W hen
P a y a b le
y — .1
j
•
J
&
&
L o s t D iv id e n d
a nd M a tu rity
P l a c e s W h e r e I n t e r e s t and
D iv id e n d s a re P a y a b le
J a n 2 ’ 17 1 A % Checks mailed
A t will
A m E x N a t Bank. N Y
D Dec 1 1948
dc
do
J Jan 1 1933
Jan 1 1917 1% A E Fitkin & Co, N Y
Text
Dec 1 1916 1% Guaranty Trust Co, N Y
Q— M
Equitable Trust Co, N Y
M & S M a r 1 1933
F
J
J
J
&
&
&
&
A
D
D
J
Feb 15 ’ 17 2M 36 W all St, N ew York
do
do
J u n el 1926
do
do
June 1 1926
do
do
July 1 1950
Q— J
Apr 1 ’ 17,1% %
N ew
Now Y ork
N ew
M ft N
A & O
Q— F
Q— F
Q— J
M A S
Q— J
Q— F
Q— F
M ay 1 1939
April 1 1922
(?)
Feb 1 ’ 17 l . A %
Jan 2 1917 1H
Meh 1 1922
Jan 2 ’ 17 2 H %
Feb 1 1917 1 H
Feb 1 1917 1 H
New York and Odea to
Guaranty TrustCo. N Y
30 State St, Boston, Mass
Checks mailed
Guaranty Trust Co N Y
do
do
do
do
do
do
R E S U L T S .— For calendar years (V . 104, p. 564).—
1916.
1915.
Increase.
Tota l sales___________________________ $12,892,506 $8,184,548 $4,707,958
N e t earnings________________________
1,479,673 $1,464,273
$15,400
A fter allowing for 7% pref. dividends, $280,000 in 1916, there remained
a balance o f $1,199,673.
O F F IC E R S — Pres., F. V . Skiff; V .-Pres., V. W . Skiff: Sec. and Treas.
F . P. R o ss— (V . 102, p. 979, 1063, 2171; V. 103, p. 148, 497, 848, 1214
1596, 1985, 2346; V . 104, p. 260. 564.)
JO N ES B R O T H E R S T E A C O ., I N C — O R G A N IZ A T IO N .— Est. as a
co-partnership in 1872. Incorp. in N . Y . State In 1910 as Jones Hros. (• o ..
present name adopted in 1916 (V . 103, p. 2346). Owns in Brooklyn, N . Y .,
a plant covering a full block for preparing and packing tea, coffee, spice.
ciiain oi ou si/uies m i a. uuu m . j. m. wj
... ' , , V
company’s products only), through 196 stores hi 190 cities; (c) Anchor
P ottery C o., Trenton, N . J.
S T O C K .— Pref. stock (sco table above) offered by M errill, Lynch & Co.
in Dec. 1916 (V . 103, p. 2347). N o bonds or mortgages without the con
sent o f 75% o f the pref. stock; the pref. is redeemable at 110 and after Jan. 1
1920 Is subject to a yearly sinking fund o f 2% .
... ,
lnri1 lri1„
Net Profits.— For combined companies: A verage profits for 1901-1913.
incl. (cal. years), $774,361; 12 months ending Juno 30 1914, $892,281:
1915, $985,796, and 1916, $862,309. Pres., Harry L . Jones, Brooklyn,
N . Y . — (V . 103, p. 2347.)
JO N E S & L A U G H L IN S T E E L C O — O R G A N IZ A T IO N .— Incorp. in
Penn. June 1902, succeeding the partnership limited o f Jones & Laughlins,
L td . Owns plants and property at Pittsburgh and Aliquippa, 20 miles from
Pittsburgh; controls ore, coal and railroad properties. V. 93, p. 49.
B O N D S .— Th e first 5s o f 1909 ($25,000,000 o f which havo been issued)
are secured by all the property owned or hereafter acquired and further
by pledge o f stocks o f subsidiaries owning coal mines, ore lands and railways.
N e t quick assets are always to amount to $8,000,000, while an equal
amount o f bonds are outstanding. Sinking fund equal to l-15th o f bonds
Issued. V . 93. p. 49: V . 92. p. 1503; V. 88. p. 1257.
O F F IC E R S .— Pres., B. F. Jones Jr.; V .-P .. W . L . King; V .-P . and
Gen. Mgr.. W . L. Jones; See., W . C. Moreland: Treas., C. A. Usher.
O ffice, Pittsburgh. P a — (V . 93, p. 49: V . 98, p. 1697.)
K A N S A S C I T Y M IS S O U R I G A S C O .— Organized April 1897 In M is
souri as a consolidation. Leased N o v . 16 1906 to Kansas C ity Gas Co.
for a period as long as lessee should furnish natural gas in Kansas C ity
rental to cover interest on bonds, sink. fund, taxes and dividends on stock
(payablo Q .-M .). The 5% dividend rate began Dec. 1 1910 and continued
to Juno 1913. but. owing to decreased supply o f gas and earnings, rental
payments were reduced and no payments havo been made since reduction,
and dividends cut o f f. V. 96, p. 1559. See V. 84. p- 1371. Capital stock,
$5,000,000. o f which at last accounts United Gas Inipt. owns a m ajority;
par, $100. Bond Int. Is payable A . & O.i at N . Y . office o f Guaranty 1rust
Co. o r M . & N . In London. V. 65, p. 277: V. 67, p. 28. Pros.. J. C. James;
Sec., R . Macm illan.— (V . 97, p. 668.)
K A N S A S GAS & ELECTRIC CO.— Incorp. In Dec. 1909 In W . Va. as a
consolidation (V . 90. p. 852); also owns entire stock and bonds of Dome
Light. Heat & Power Co. of Pittsburg, Kan., &c. Population served,
about 123.000. Supplies Wichita. Kan., with electric light, power, (nat
ural) gas; Pittsburg, Kan., with electric light, power and (natural) gas;
Frontenac, Independence. Sedgwick, Valley Center, Halsted, Cherokee,
Cherryvale, N ew ton. Arkansas C ity and Eldorado, Ivan., with electric light
and power. Owns electric generating plant, aggregate capacity, 11.605 k.w.
including new 12.000 h.p. plant at Wichita. Gas customers. 15,106 Dec. 31
1915: electric customers, 16.017. Company buys natural gas from Wichita
and Kansas Natural Gas Co. See full data, V. 93. p. 170, and V. 97. i>. 113.
In 1915 purchased Ark. C ity Gas & Elec. L t. Co. V . l O l . p . 452, 616STO C K .— Com..$3.000.000. all owned by Am . Power & L t Co..wnichsee.
Pref. stock. 7% cum. red. 115, $1,900,000; par, $100.
D IV ID E N D S .— Quar., 1 H % on pref. stock July 1910 to Jan. 1917, incl.
BO NDS.— (See table). A ll or any arc redeemable (M . A S.) at 105 tin
Sept. 2 1917: at 104 In 1918, 103 In 1919. 102 In 1920 and 101 and Int. in
1921. Reserved bonds Issuable for not over 80% of cost of improvements,
&o.t provided earnings are twice the total Interest charge (V . 92, p. 1439),
E A R N IN G S .— Tw elve months ending N o v . 30 (sco A m . Power & Light
Co.:
Pref. D iv.
Bal ..Sur.
Cal. Year.
Gross.
Net.
Interest.
$133,000
$219,892
1916_____ $1,568,384
$598,607
$215,715
115,500
217,418
1915 ........ 1,347.756
526,301
193,383
Pres., H. P. Wright; Sec., Chas. H. Smyth; t’rcas., M . H . Arnlng.
N ew York office. 71 Broadway.— ( V . 99, p. 52: V . 100, p 1756, 452.)
K A N S A S C I T Y S T O C K Y A R D S C O . O F M A IN E .— O R G A N IZ A
T I O N .— Incorporated in Maine In Dec. 1912 and acquired per plan V . 96.
p. 1275. about 95% of the $8,750,000 stock o f the Kansas C ity Stock Yards
Co. o f Missouri, which owns about 175 acres used for stockyards purposes,
on which 6% dividends were paid for over20years. Stock autli., common,
$2,600,000; pref. (p. & d .). 5% cum., $9,000,000, o f which the outstanding
amount has been issued in exchange for stock o f the Missouri company.
Th e pref. stock has no voting power except In caso of failure to pay two
consecutive dividends, when It will have full voting powers until all accrued
dividends are paid in full. N o mortgage or other encumbrance shall be
placed on the property except with the consent of 66 2-3% o f the pref. stock,
lMv. on pref., Feb. 1913 to M a y 1916. 1M % quar. On com., 5% , paid
N o v . 1 1915; Feb. and M a y 1916, l 'A % . T h e Missouri company has
outstanding $1,334,000 5% debenture bonds o f 1910 due Feb. 1 1920, but
callable sinco Feb. 1 1915 at 102M and Int. on any int. dato; autli. Issue,
$2,000,000. V. 97. p. 890. Receipts in 1914. V. 100, p. 1$35. I’ ros..
Eugene V . R. Thayer; Sec. & Treas., Frank II. Damon, Boston, Mass.—
(V . 98, p. 1247: V . 100. p. 233. 736. 1835; V. 101, p. 50. 1373.)
K A U F A tA N N D E P A R T M E N T S T O R E S , I N C — V. 103, p. 2132: V .
104, p. 564.
(J U L IU S ) K A Y S E R & C O . — O R G A N IZ A T IO N .— A re-Incorporatlon (In
N . Y .) June 31 1911. ’ ’The largest manufacturers of silk gloves In the
world” (output between 10,000,000 and 11,000,000 pairs yearly); also manu
facturing lisle and woolen gloves, hosiery, silk and cotton-ribbed underwear,
1G7
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168
[Vol . 104
IN D U STR IAL STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, & c., see notes on first pace]
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
K e lly -S p r in g fie ld T ir e C o— Common stock $5,029,000----$25 $4,907,200 15 in T6
100
6
1st prof stock 6% cum $4,239,200 call 110 aft J u ly l’ 17 sf2%
3,593,300
Now
100 10,000,000
K e ls e y W h eel C o— Common stock $10,000,000---------------P ro f stock 7% cum redeemable at 125 and dlvs___________
100 3,000.000
N ew
K e n n e c o tt C opp er Corp— Stock no par value_____________
None 2.786,67Osh
Bonds Braden Copper Mines, &c, see text
5g
K e y s to n e T e le p h o n e C o. o f P h ila — 1st M g red 108CoIxc*r 1905 1,000 &c
6,425.000
100 15.651,200 8 In 1916
K ings County Electric Light & Power— Stock §19,000.000-1,000
Flrst mortgage gold §2,500,000________________ _____ Eq.sc 1897
2,500,000
5 g
5,176,000
Pur money M g see by Edison stk &o (V 76. p 47) - .Ce.xxo* 1898
1,000
6 g
4,275,000
Edison Elec 1 1 cons mtge (now 1st) §10,000,000 g.G .xxo* 1898
1
1,000
4g
385,500
6
Debens conv Into stock beg Mch 1 1913_____________ xxc* 1910
100 Ac
do
do
beg M ch 1 1916_______________ xc* 1913
100 «S
cc
fl
463.300
do
do
at any tim e $2,500,000______ c*
100 &c See text
1913
6
10 10,000,000 See text
(S S) K resge Co (N ew M ich C o)— Common stk $10,000,000P re f stock (new) 7 % cum from A pr 1 T 6 pref p & d _________
10
N ew
2,000,000
100 i 2 ronn nnn
(S H) Kress & Co— Common stock $12,000,000___________
P re f stock 7% cum $5,000,000 s fd 1918 callable at 125____
100
4,000,000
dress nets and voillng. Plants at Brooklyn, Amsterdam, Sidney and Owogo,
N . Y ., and Sherbrook, Que.. V . 95, p. 1405; V. 92, p. 1568. Annual sink
ing fund for cancellation o f first pref. stock at or under 120, $150,000 (or
optionally $200,000). V . 92, p. 568.
D IV ID E N D S .— On com., A pril 1912 to Jan. 1913, 1% quar.; April
1913 to Oct. 1916, 114% quar.; Jan. 1917, 1M % and 1 extra; V . 103, p.2241.
R E P O R T .— Report for 8 months ending Aug. 31 1916, in V . 103, p. 2237,
Y ea r 1915: N e t profits, $1,444,847; redemption o f prof, stock, $150,000;
special reserve account, $254,138; misc., 86,092; pref. div., $218,640;
com. div. (6 % ), $360,000' bal., sur., $455,977. For the 8 months ended
Aug. 31 1916 the new profits were $1,467,657, and after deducting $100,000
for redemption o f bonds, $20,808 miscellaneous, $104,606 (4 2-3% ) 1st pref.
divs., $32,433 (4 2-3% ) 2d pref. divs., and $180,000 (3 % ) common divs.,
the balance, surplus, was $1,029,810.
O F F IC E R S .— Pres., Julius Kayser; V .-P ., H . A . Taylor; Sec. & Troas..
E . S. Bayer. Office, 45 East 17th St., N . Y — (V . 103, p. 2159, 2237, 2241)
K E L L Y -S P R IN G F IE L D M O T O R T R U C K C O .— V. 103, p. 1985, 1215.
K E L L Y -S P R IN G F IE L D T IR E C O — Organization.— Incorporated in
N . .1. A pril 15 1899 as Consolidated Rubber Tiro Co.; name changed Jan. 2
1914.
Manufactures automobilo, motor truck and carriage tires at Akron
and Wooster, Ohio. Concentration o f works at Cumberland, M d ., is pro
posed. Y . 103, p. 1214.
S T O C K .— On N o v . 30 1915 tho par value o f the common shares was
changed from $100 to $25 by increasing tho number o f shares fourfold. Of
the total of $4,907,200 common thero had beon listed on tho N . Y . Stock
Exchangoon Fob. 15 1917 $4,360,100 o f $25 par, tho remainder being still
outstanding In $100 certificates. V . 101, p. 2075. A ll the $907,200 2d pref.
has been converted into common, S for $. Tho first pref. has a 2% sinking
fund which to Juno 20 1916 had retired and canceled $164,900 o f the $3,758,
200 first pref. theretofore issued.
C A S H D IV S . f ’99. '00.
1914.
1915.
1916.
1917.
____
7A
15
4 .-.-,Com . s to c k ..!
..
..
6% 1st p r e f..
3
6 From A pr. T 4 to Oct. '16, 6% p . a . (lH % Q.-J.)
7% 2d pref— t . .
. . From July T 4 to July '16, 7 % p .a .(lM % Q.-J.)
On Juno 15 1914thefull78>3% o f accumulated divs. on tho 6 % p rof. stock
was discharged by issuing 2d pref. 7% convertible stock at par therefor.
In 1916 thecommon stock received in Feb. 3 % ; in M a y , 4% (V . 102, p.1350)
. B O N D S .— In 1901 there were issued $2,850,500 debenture 4% 50-year
sinking fund income bonds for a like amount o f 6% prof, stock at par. In
A pril 1914 the bondholders wero givon tho right to ro-exchango their bonds
par for par for 6% pref. stock. V. 98, p. 1319. On Jan. 1 1917 there wore
still outstanding $123,000 o f these bonds w ith a furthor $147,000 held in s .f.
R E P O R T .— For cal. year 1916 (V . 104, p. 660) showed gross profits o f
$3,464,458: net oper. incomo, $2,060,070; other incomo, $57,243: net for
year, $2,117,314. Deduct interest and sinking fund on incomo bonds
$21,600: sinking fund on 1st pref., $75,164: dividends on 1st and 2d pref.
stock, $215,932: 5 A % on common stock, $735,316; balance, surplus, $1,
069,302. Tota l surplus Dec. 31 1916, $3,456,741.
O F F IC E R S .— Van H . Cartm ell. Pres.; Stephen Peabody. V. Pros.
H . B . Delapiero, Treas., and F. A . Seaman, Sec.— (V . 104. p. 660.)
When
Payable
Q— F
Q— J
N ew
Q— F
See text
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Feb 1 1917,4% N ew Y ork
do
Jan 2 1917, I'A
N ew
N o v 1 1916 1% N ew Y ork
Dec 30’ 16 $1.50 Now Y ork
J
& J July 1 1935
Q— M M a r 1 1917 2%
A & O Oct 1 1937
A & O Oct 1 1997
J & J Jan 1 1939
M & S Mch 11922
M & S M ch 1 1925
M & S
J & J
Q — J Jan 2 T7 1 3A
%
Columbia Trust C o, N
Checks mailed
Equitable Trust Co
Central Trust Co, N
Guaranty Trust Co, N
B'ranklln Trust Co, N
do
do
Checks mailed
do
Y
Y
Y
Y
do
Jan 2 1917, 1M
Seward Prosser and W . C . Potter, N ow Y o rk .— (V . 103, p. 148, 582, 1510,
1690, 1985; V. 104, p. 168.
K E Y S T O N E T E L E P H O N E CO ., P H IL A D E L P H IA .— 1Independent”
"
(o f lle ll) telephone system in Philadelphia and vicinity. Tho Phila. Electric
Co. has a long leaso (subject to approval o f Penn. P. S. Com m .) o f conduit
spaco at 4cts. per duct foot with a graduated minimum rental rising to
$125,000 yearly, with option o f purchase at end o f leaso. V . 100, p. 736;
V . 103, p. 1035.
,
Stock, $2,500,000, all owned by Keystono T e l. Co. o f N . J., having out
standing $1,936,850 6% participating but non-voting prof, and $5,000,000
com. stock. O f tho $5,000,000 common stock, a m ajority is in voting trust
till Feb. 1 1917, which has been renewed for 5 years. V. 97, p.273.
D IV ID E N D S .— Regular semi-annual dividends havo beon paid on the
prof, shares from N o v . 5 1913 to N o v. 1916 (M . & N .).
Accumulated dividends, previously 63% , havo beon reduced by pay
ments as follows: July 15 1915,2%; Fob. 1916,2%: A u g .1,2% ; Fob. 1917,
2 % , leaving about 55% accumulated. V . 103, p. 2241.
Bonds (1st 5s) subject to call, as an entirety only, at 108, beginning July 1
1908; $6,425,000 have been issued; $2,500,000 are reserved to acquire securi
ties o f other telephone companies, and tho remainder o f authorized $10,000,
000 for future purposes, at not over $600,000 yearly. V. 81. p. 34: V . 88,
p. 1625; V . 89, p. 47; V. 99, p. 273, 541; V . 101, p. 1192; V. 103, p. 2159.
2241.
Eastern Telep. & Teleg. Co. 1st 5s duo Dec. 1 1922, $250,000.
R E P O R T .— For 1916 was In V . 104. p. 564.
„
„
,
Years—
Gross.
Net.
Renew.Rests. Interest. Pref.Dio. Surplus.
1916........$1,470,143 $729,923 $170,117 $330,100 $116,211 $113,495
1915 ___ 1,361,775 682,170
158,884
321,157
116.211
85,918
N . T . Folwell. Pres.: James Collins Jones, 1st V .-P.: Edward M . Oooko,
2d V .-P .; W m . W . Wharton. Sec. & Treas. Main office. 135-141 So. 2d
St., Phila.— (V . 102, p. 441; V. 103, p. 242, 405, 1035, 2150; V . 104, p. 564.)
K E Y S T O N E W A T C H CASE C O .— (V . 102, p. 1990; V . 103, p. 410.)
K IN G S COUNTY ELEC TRIC L IG H T & PO W E R .— Acquired In 1898.
per plan in V. 67. p. 482. the entire $5,000,000 stock of the Edison Elec. I l
luminating Co. o f Brooklyn, thus uniting practically all the electric-light
ing business In Brooklyn. N . Y . Seo V . 69. p. 177, 957; V . 70, p. 483: V .
80, p. 2216. In Dec. 1916 accepted modified order o f P. S. Commission
reducing the rates charged, effective Jan. 1 1917, to a total estimated at
$675,000 yearly. V . 103. p. 2433, 1596.
, .
,
1. ,
4
The §5,170.000 purenase money bonds are secured by deposit of $5,000,
000 Edison stock In trust, by a 2d mtge. lien on the Kings County plant as
now owned or hereafter acquired and by $1,000,000 cash guaranty fund to
be Invested In securities approved by the committee; sec V . 67, p. 482, 1309.
As to Edison Co's con. mtge., see V. 67, p. 482, 842; V . 71. p. 493. 868.
Tho stockholders on N ov. 26 1912 auth. an issue o f $5,000,000 conver
tible 6% bonds, o f which $2,500,000. convertible Into stock at par after
M ar. 1 1916 and until M ar. 1 1925. V. 95, p. 1685; V . 96, p. 1427. V . 103.
p. 1510. Shareholders o f record Jan. 9 1917 wero permitted to subscribe
at par at B'ranklin T r. Co., N . Y ., until 3 p. m. M ar. 1 1917 for remaining
$2,500,000 6% convertible debenture bonus o f 1913 (duo M ar. 1 1925) in
amounts equal to 15% o f stock held. Subscriptions aro payable 50%
M ar. 1 and 50% Juno 1 with rights to anticipate. Those $2,500,000 deben
K E L S E Y W H E E L C O ., IN C .— O R G A N IZ A T IO N .— Incorporated in tures are convertible into stock, $ for $, at any time. V . 103, p. 2433.
N . Y . on Aug. 23 1916, and took over as o f Dec. 31 1915 the entire assets
D IV ID E N D S .— Juno 1900 to M ch. 1903,
quar.; since, 2% quar.
and business o f Kelsey Wheel Co. o f M ich, and Herbert M fg. Co. o f M ich.,
R E P O R T .— B'or year 1916. see V . 104, p. 658, and issue o f M ar. 3.
as going concerns, and tho capital stock o f Kolsoy Wheol C o., L td ., o f
Gross
Total N et
Bond Fixed, & c.. Dividends
Balance,
Canada and o f the Kelsey Wheel Co. o f Tenn. Said to own tho largest Calendar
Year— Earnings.
Income. Discount. Charges.
(8 % ).
Surplus.
automobile wheel plant in the world, with not tangible assets as o f over
1916........ $8,130,199 $3,190,758 $20,269 $1,401,550$1,202,664 $566,376
$3,000,000. V . 103, p. 411, 848.
1915........ 6,928,115 2,431,285 20,269
921,462 1,072,270
417,284
S T O C K .— Auth. and issued, $10,000,000 com. and $3,000,000 (par $100)
Fixed, &c., charges in 1916 include int. on fundod dobt, $683,540; int.
7% cum. pref. Pref. is redeemable, all or part, at any time on 90 days’ on unfunded debt, $57,820; rosorvod for contingencies, $569,175; paymont to
notice, at $125 and divs. N o mortgage or funded debt. See stock offering,
Invest,
V . 103, p. 411. D iv. N o. 1 on pref., 124%, was paid N o v. 1 1916. 1917, Edison payablefund profit-sharing plan, $89,630, and mlscoll., $1,385.
Bills
Dec. 31 1916. $1,400,000.
Feb., 1% % .
Pres., N . F . Brady; V.-P., J. C. Brady; V .-P . & Gon. M g r., W . F . Wells;
--------------- Calendar Years------------6 Months
Sec., II. P. Erwin: Troas., P . It. Atkinson. Offico, 360 Pearl St., Brook
Earnings.—
1913.
1914.
1915.
1916.
lyn, N . Y .— (V . 103, p. 2082, 2241, 2433; V. 101. p. 76, 658.)
Sales................................ $3,948,574 $4,214,180 $5,221,814 $3,924,401
(S. S.) K R E S G E C O .— O R G A N IZ A T IO N .— In March 1916 incor
P r o fits ----------------------484,158
629,043
859,627
591,344
porated in Michigan to succeed, per plan V. 101, p. 1555, 1717. tho S. S.
Management.— Old management o f constituent cos. will retain ownership
Kresge Co. incorporated in Delawaro A pril 1912 and operating (oithor
o f a m ajority o f the common stock and will continue as executives. Pres.,
diroctly or through subsidiary corporations, all o f whoso stocks aro owned)
John Kelsey.— (V . 103. p. 941, 848, 1415.)
139 retail 5, 10 & 15-cont storosin Chicago, Dotrolt, St. Louis, Groator Now
„ K E N N E C O T T C O P P E R C O R P O R A T I O N — O R G A N IZ A T IO N .—
Y ork, Philadelphia, Pittsburgh, Boston and other citios north o f Washing
Incorp. on April 29 1915 in N . Y . with 720,000 shares without par value.
M o. V 94, p. 1319; V. 104,
and took ovor tho Kennecott and Beatson properties in Alaska. V. 100, ton, D. C ., and east o f St. Josopli, money .m ortgage, $320,000. p. 366. N o
d . 1922.
On Dec. 14 1915 the number o f shares was increased to bonded debt B'eb. 1916; purchaso
3.000,000 for the purpose o f acquiring (V . 101.D. 1717, 1811. 1889,2075):
C A P I T A L S T O C K .— A t incorporation $10,000,000, all com. stock, in
(a) The stock and convertible bonds o f tho Braden Copper Mines Co. $10 (not $100) shares, holders o f tho old company’s $5,000,000 com. stock
(mines in C h ili); (6) 404,504 sharos o f the capital stock o f tho Utah Copper having tho right to Dec. 20 to oxcliango on basis of $180 o f now for each
C o.; (c) A ll stock and bonds o f Copper R iver R R . in Alaska (V . 102, $100 o f old and also to subscribe at par for tho remaining $1,000,000 com.
p. 1889), and 13.000 shares o f the capital sfock o f the Alaska SS. Co. (d)
to tho extent o f 20% o f their holdings. Tho old $1,800,000 prof, stock was
T o retire the $10,000,000 6% 10-year convertible bonds o f the Kennecott called and rotired at 110 and divs. A pril 1 1916. See \ . 101. p. 1555;
Copper Corporation. Seo full statement to N . Y . Stock Exchange in V . 102, p. 349. A new issue o f $2,000,000 prof, stock was sold in Apr.
V . 102, p. 805. Status July 1916, V. 103, p. 148.
1916. V . 102, p. 715. 804.
On Feb. 14 1916 owned (a) $12,768,290 out o f a total issue o f $12,973,500
D IV ID E N D S .— On new prof., l s % quar. (Q .-J .). On now common.
A
stock o f Bradon Copper Minos Co. Tho last-namod company in Feb.
A
1916 sold $15,000,000 First C oll, trust 6% sinking fund gold bonds. V . 102, N o . 1, 15c. ( l ‘ % ) . July 1 1916 and Jan. 2 1917.
R E P O R T (Old C o .).— For year ending Dec. 31 1914. In V . 100, p. 638.
p. 524, 714. Seo caption o f Braden Copper Minos Co. (i>) $1,588,000 out
Sales—
1917.
1916.
Increase.
o f $3,000,000,stock o f Alsaka SS. Co. (c) Entiro $4,817,400 stock and $23,
$390,036
020,000 1st M l 5s o f Copper River & N . W . Ity. (d) $4,045,040 o f tho $16. M onth o f January_____________________$1,834,022 $1,443,986
244,900 stock o f Utah Copper Co. (e) $9,870,000 or the $10,000,000 1st
S A LE S, &c.— B'or cal. years (seo V . 102, p. 715, 883; V . 104, p. 564):
M . 6s o f Kennecott Copper Corporation
Stores
1912.
1913.
1914.
1915.
1916.
Dec. 31 85
101
118
139
„
157
D IV ID E N D S .— An initial dividend o f $1 nor sharo was declared in Fob.
1916, payable M a r. 31. V. 102. p. 526. 19i6, M a r., Juno, Sept, and Dec. Gross sales $10,325,487 $13,258,227 $16,097,511 $20,943,300 $26,396,544
30. $1.50.
N e t profits
669,179
869,686
1,150,497
1,293,219
2,129.348
O ffice, Detroit, M ich .— (V . 102, p. 256, 349, 613, 715, 804. 883, 1166,
R E P O R T .— For first 714 months ending Dec. 31 1915 (V . 102, p. 1712)
showed: Copper production, 57.555,183 lbs. at 17.996 cts. and silver 1543, 1900,2258; V. 103, p.242, 1122, 1510, 1892,2433; V. 104, p. 168.366)
(S- H ). K R E S S & CO .— Organization.— Incorporated in N .Y . in Juno 1916
production, 591,692 oz. at 50.557 cts. Copper producod from Jan. to
to take over the 5-10-25-cont chain store business o f 8. II. Kress & Co. of
D ec.. 31 1916, 111.536,000 lbs. V. 103, p. 1510.
N . Y . and S. II. Kress & Co. o f T ex., thon operating 123 stores in various
.
Gross
N et
Bond Depre- M in .P ro p . Balance
cities. First storo was opened in Memphis, Tenn., in 1896. Present not
Earnings—
Earnings. Income. Interest, cialion. D epl.,Ac. Surplus.
tangible assets stated as ovor $4,000,000. V. 102, p. 2080, 2345; V . 103,
M a y 27 to
$
$
$
$
$
$
D ec HI 1915-10,656.848 7.709.504 350,000 169,339 616,368 6,573,797 p. 64.
S T O C K .— Prof, stock, authorized, $5,000,000 7% cumulative (par $100);
O F F IC E R S .— Chairman, W . C. Potter; Pros., Stephen Birch; V .-P .,
W . P . Hamilton; Sec., Carl T . Ulrich; Treas., E . S. Pegram . N ow Y ork issuable, $4,000,000. Common. $12,000,000 authorized, par $100. The
o ffic e , 120 Broadway.
pref. w ill have no voting power unless and until two quarterly dividends
Directors: Stephen Birch, Samuel J. Clarke, Thomas Cochran, I I . F . are In default. M ay bo redeemed, all or part, at any time at upon 90 days.
Guggenheim , E . A . Guggenheim, W m . Pierson Ham ilton, I I . O. Uavem oyer I notice at 125 and divs. Annual sinking fund to rotiro prof, to begin in
1 %
*4
%
F eb ., 1917.]
IN D U S T R IA L STOCKS A N D BONDS
M IS O E L L A N E O US CO M P A N IE S
IFor abbreviations, &c., see notes on first page]
La Belle Iron Works— Common stock $10,000,000 auth
Prelerrcd stock (a & d) 8% cum 510,000,000 a u th o riz ed "
First & R e f M $7,500,000 call 105____ _
P e P e*
Lackawanna Steel— Common stock $60,000,000’ authorized
F T 31 “ ^r t^ I e^ ° ‘d r
,
„edeemable convertible (text) _ _F.xc»
1st con M 135,050.000 g red 105 aft Mch ’ 15 conv.U n.xc*
Lack Iron & Steel Co 1st M (on Pa prop. V 76 u 385)
Pk
FlUwnrth m il1C ° 1St M I f •000.000 g $l00,0(j()duo y iy U P i
Ellsworth coll pur mon s fd 5s guar (part duo in 1927).. F.3
Commercial Coal Co bonds, sinking fund yearly____ _ _
Car trusts duo S62.000 s-a M & S 15 call (all only) 102— K
Laclede (las Light— Common stock. $17,500,000 auth..........
Preferred stock, 5% cum. $2,500,000...............................
First mortgage gold........ _ ..................................... Ce.xxo*
Refunding and extension 11 $20,000,000 g BaandMStxxc*
Debentures gold red text......................................... SStxc*
Lake S u perior C o rp o ra tio n —1
Stock'’ —
First and collateral trust mortgage goldIncome mortgage $3,000,000 gold.................._....................
Bonds, c
fee., o f Controlled Companies Held by Public
A lg Steel 1st & R ef M 530.000,000 g gu st red 105 . . Usm.c*
I lireo-ycar gold notes to bo paid o ff M ar 1 1917_________
Bond scrip as o f Dec 1916 for funded Interest__________ _
Oannellton Coal & Coke 1st M Int gu sk fd 5c per t o n ____
Algom a C & I I B ay R ylS eo theso cos. under " R R s .”
Algom a East It y ______ /
Date
Bonds
Par
Value
Amount
1903
1910
1896
1901
1907
1916
1889
1904
1914
1904
1904
1912
1914
500 &c
100
1,000
100 Ac
500 &c
1,000
1.000
100
100
100 &c
1,000
1,000
100
1.000
500 &c
$&£
£100 &C
1911
1918, 3% o f largest amount issued. N o bonds or mortgages outstanding
N o mortgage posslblo without consent o f 75% o f oach class o f stock'
V . 102, p. 2080.
hcock.
Dividends.— On preferred, \ % % Oct. 1916 and Jan. 2 1917.
E A R N IN G S .— Report for cal. year 1916 (V . 104. n 650) showed- Gross
i f f 14®r)93°59In 1915, sales, ^ r e 'e m V°oo 1dlY8’ (3Jtf H $1,013,066. balance,
In8']h ? ? s - d c §12,429,590; net profits, ) , $140,000;
$1,214,093.
O F F IC E R .— Pres., S. I I . Kress, N . Y . — (V . 104, p. 168, G59.)
...L A iBi L, y L l, F ° f '1 W O R K S .— 1 R G A N IZ A T IO N .— Incorp. in West
E
O
V lr g m a ln l 875 (business founded in 1852) and manufactures pig iron, steel
slabs, billots, plates, shoots, tubes and other finished stool products. M ain
& anJ v i S ^ o o n y lllo , O .. 126 acres. Also owns 167 acres o f land on the
?
West Virginia side o f the Ohio River, opposito Stoubonvillo, on which a
by-product coke plant o f 94 ovons was under construction in Doc. 1915
not current assets Oct. 3 i
S T O C K .— Th e $10,000,000 pref. stock was distributed in Oct. 1912 as a
100% dividend on common stock. V. 94, p. 1569, 1768; V . 95, p. 1042.
D IV ID E N D S S IN C E 1912—
1913. 1914. 1915. 1916.
1917.
1
0
0
Jan., 1%
On com m on........ ........................ % 2
On preferred, regu lar................ _% 8
7
4
8
do
on accumulations - (all paid in 1916)
5 V103’ p2082
..,^ 9 £ r;9 ^ -r"T i 10 shareholders on Oct. 27 1915 authorized an Issue o f
$7,500,000 bonds. The initial $3,500,000 was sold in Doc. 1915 to pay for
additions, A c., and to retire $1,580,000 1st 6s o f 1903, to bo called for
payment Juno 1 1916. Sinking fund, beginning 1916, w ill retire at least
60 2-3% o f now issue boforo maturity. V. 101, p. 2075; V . 102, p. 607.
R E P O R T .— For yoar onding Doc. 31 1915, in V. 102, p. 2340 showed1915.
1914.
19 13
19 10
Prof its for y o a r .............. $1,027,734
$378,913 $1,629 148 $1.177 981
fntorost on bonds...........
$99,860
$105,668
$115 1186 * $122 715
Prof, dividends (cash). _ .(4)390,610 (7)694,078 (8)793 2321
991 530
Com m ondivs. (cash)........................
(>4)49,577 (2)198,308/
’
When
Payable
Last Dividend Places Where Interest and
and M aturity
Dividends are Payable
See text
Quar Jan 31 '17 1% Checks mailed
See text Q— M Dec 21 ’ 16 4>i Checks mailed
5g
J & D Dec 1 1940
N Y , Phila, Bost, Chic
See text See text Dec 30 '16 4 A Checks mailed
5g
A & O A p r 1 1923
Farmers’ L & T r Co, N Y
M & S Mch 11950
Union Trust Co, N Y
F & A Feb 1 1926
Farmers L & T r Co. N Y
5g
M & N M a y 1 ’ 19 t o ’ 25 Pitts Union Trust Co
5
J & J Jan 1 1922 & 27 Farmers’ L & T r Co, N Y
5g
M & N M a y 1917 & ’ 18 Pittsb Union Trust C o
5g
M & S15 15Mar'17 to '26 Commercial T r Co, Phila
7 In 1916 Q — M
See text
[Bankers Trust C o, N ew
5 in 1916 J
& D D ec 15 ’ 16,2)4
Y ork, and St Louis
5g
Q— F
M a y l 1919
Union Bank St Louis
5g
A & O Apr 11934
5g
F & A Feb 1 1919
St Louis Un Bank, & N Y
$100
1915
Rate
%
169
9 903.500
1.775.000
700.000
2.850.000
96,000
1.178.000
11,770.000
2.500.000
10.000,000
10.000,000
3.850.000
40,000,000
5.296.000
5g
J & D June 1 1944
3,000,000 Up to5%
Oct 1 Oct 1 1924
iK
15,691,900
2,432.500
1,691,900
441.000
5g
6
A
M
& O A pr 1 1962
& S M ch 1 1917
July 1 1950
Bank of Mont, N Y . &o
5% paid Oct 1 1913
3ee text
Bk o f M ontreal, London
Fidelity Trust C o, Phils
reduced on July 16 to 7o cts per 1,000 for the first 7,800 eu. ft . and 55 cts,
for each additional thousand up to 14,600 cu. ft., when the rate drops to
45 cts. per 1,000. V. 103, p. 324, 2433; V. 92, p. 265. In 1915-16 built 56oven by-product coke oven plant. V. 102, p. 797.
D IV S .— f 98. '99. '00-’04. ’05- 08. ’09. ’ 10. ’ l l to Jan’ 17
1917.
Com. (% )\ 3 3
4 y 'ly
5 y ’ly
0 6H
7 yearly, extra— see text
Tn April 1911 a 10% dlv. in com. stock was paid on both Aom. and Dref.
in Jan. 1917 paid 10% extra in common stock on the common shares, in
creasing tho outstanding Issue to $11,770,000. V . 103, p. 2433.
BO N DS.— See application to Stock Exchange In V . 49, p. 657.
Of the Refunding and Extension 5s of 1904 ($20,000,000 authorized issue;
N . Y . and Mississippi Valley Trust Co. of St. Louis,
trustees). $10,000,000 are reserved to refund tne outstanding 1st M. bonds
due 1919. See V . 78. p. 1273, 1395; V. 79, p. 1644; V . 80. p. 470‘ V . 83.
P. 1169; V. 91. p. 1331; V . 92. p. 666; V . 93. p. 1195.
D E B E N T U R E S .— Th e 5-year 5% debentures ($5,000,000 authorized
and issued) were authorized in 1914 to provide for installation o f coke ovens,
mprovements, &c. Th ey are now redeemable on any int. day at
1U1
N o additional debentures can be created or additional mortcraere
P&9»edvJvit£out discharging the debentures. V. 98. p. 158, 765; V. 101. p.
1473; V. 104. p. 456.
R E F O R T .— For year ending Dec. 31 1916, in V. 101, p. 660, showed:
f f Gross.
jVd.
Interest. P f. (5 % ). Com. (7 % ). Bal. .Sur.
}9.l d ......... *4,509,424 $2,486,695 $1,162,500 $125,000 $749,000 $450,195
5 ......... 4.577.731 2,231.382 1,117.167 125,000
749,000 240,215
1914 .......... 4.629.689 2,105,577 1,103,129 125,000
749,000 128.448
ooFr< mC ,!l .S
5i4’
a ooL VrI I ? Iman: Sec- & Treas., W . I I . W hitton.- -(V . 103. p.
324, 2347, 2433; V. 104, p. 660.
L A K E SU PE RIO R CO RPO RATIO N (TH E) — O R G A N IZ A T IO N .— Inoorponued m N. J .o n Mav 19 1904 as successor, per plan V. 77, p. 1296. and
v . 78, p. 1784, 909, o f Consol. Lake Superior Co. Controls tho various
corporations centering about Sauit Sto. Mario, Canada. Compare V . 103
p. 2075: V. 77, p. 771. Status in 1916, V. 103, p. 1305. 2075.
1 ho plants include: Open-hearth steel works
Balance, sur. or def..sur$531,258 dof$470,410 sur$521,922 sur$63,736 or about 950 tons daily capacity; 8 open-hearthand rail mill; 3 blast furnaces
furnaces o f about 2,400 tons
Pros., R . C. Kirk; V .-P ., H. D. Wostfall; Soc., W . E Beswick- Trn-is
opon-hoarth ingots per month, Helen and M agpie iron ore mines; 579 miles
D. A . Burt. Office, Wheeling, W. Va., and StoubonvilVo O — (V 102 n' or railroad; ore, freight and passenger stoamships; machine shops, forge, iron
607, 613, 2340; V. 103, p. 1415, 2082.)
uuenviuo, U. (V .I 0 2 , p.
and brass foundry, car building shops, water-works and electric-light plant.
’ 0,2 „:c
.6 V
977,:.Y ;
.p.
L A C K A W A N N A STEEL CO.— O R G A N IZ A T IO N — Incorporated in P- 1105, V . 7& }p P-1 1195; U81a P ’ p. 1134.8 3Also1096; V. 88. p. 1004; fV. 90,
V . 99,
owns 6,000 acres o West
New York on Feb. 15 1902. The properties (see V. 77
34" V 74 o i l l-2- Virginia coal93,
lands acquired In 1910. V. 91, p. 868.
V. 76. p. 101, 437; V. 80. p. 1916; V. 81, p. 100S y 04 n' 393 510 68)
In Jan. 1909 tne Fleming syndicate acquired control and undertook ex
application to list. V. 90, p. 985) are; (1) Plant situated at Lackawanna
tensive Improvements. (See V. 87. p. 938; V. S8, p. 234. 1065: V . 89. p. 916)
near Buiralo, N . Y „ to manufacture plate and all classes^ o?structural strei
I he stockholders May 6 1910 approved a plan (V . 90, p. 1105, 1299) for
and other materials, In addition to steel rails an b llets havln a canacltv
financing the completion of the Algoma Central & Hudson Bav
of about 1.150,000 tons of ilnlshed product per annum-' (2) ore pronert es miles In length, to a connection with the Canadian Northern H v., then 90
R v .; under
In Minnesota, Michigan, Wisconsin and New York stated'to have 50 ononnn
tons of ore In sight; (3) 31.500 acres of bituminous coal ands (coal°Hvh°ts the plan $10,080,000 50-year 5% 1st m tg. redeemable gold bonds have been
issued at $30,0,00 per mile. guar, by the Lake Superior Corporation, and
and In fee) In Pennsylvania; blast furnaces and coke ovens at an.lnea?
$3,000,000 o f the $10,000,000 1st mtge. & collateral trust 5s issued by the
Lebanon. Pa., an Interest In the Cornwall R R and the Cornwall iron
atter were canceled,
the
outstanding to $7,000,000. T h e
the first-named being loased. In 1906 acquired Ellsworth Goal Co own" Interest due Doc. 1 reducing tho amount f the Algoma Central & Hudson
1914 on
bonds o
B ay R y . Co. was defaulted, and in N o v. 1916 a plan o f reorganization for
p!*815.r 16,000 ^
° f C° al laDd- V - 83> P ‘ 15W : V . I ^ P . 269. 393?V. m
the railways was about to be consummated. See the railway caption and
S T O O K .— O f tho $60,000,000 o f common stock anthorlrnrl eirr
V. 102, p. 885, 1058; V'. 103, p. 2076.
000,000 Is rosorvod to rotiro convertible bonds
0,000 is reserved
V 76 n 869
The stockholders in 1911 ratified a plan (1) for financing the completion of
forrod
"B onds” below.
on'com m on 1%,
ferrod stock, son “ Bonds” below... First dividend .on common. 1® paid the Sudbury-Little Current section of the Algom a Eastern R y . guaranteeing
Jan. 31 1913. In Sept. 1916 all floating dobt having been n?kl },& n £ E 5
principal and Interest of 50-yeai 5% gold bonds at $30,000 per mile.
tho $10,000,000 gold notes o f 1915, a dividend o f 6 ^ on common stock
to *3,000,000. V. 92, p. 529. 599, 466, 398, 265; V. 93. p. 232;
doclarod payable l >4% quar., boginning S e p t 3(7 1 0 1 8 V O R 6 nk ™
» . I.0o( p. 2076*
V . 103, p. 1035. In Doc. 1916 1 * % and a n oxtra 3 % were paid'. P ' 2° 6'
Through Lake Superior Coal Co. and Cannelton C o a l* C o k e C o., owns
extensive coal properties in West Va. See V. 96. p. 1493; V. 101, p. 921.
BONDS.— The 1st mtge. 5s of 1903 are convertible into atom* * f „ r «
at holder’s option up to April l 1915. V 77
1; ™ 8 ° ci'7' for *
^
In 1916 the Algoma Steel Co. sold all its wator power properties to the
The stockholders on Feb. 15 1910 authorized9 n er’ntnnin v ' an V, o.n
Great Lakes Power Co. (V . 102, p. 1814), which company also bought the
entire $150,000 stock o f tho International Transit Co.
985; (1) a mortgage to secure $35,000,000 dO-ves^iFrftVon-mi m i™ '
bonds, of which $15,000,000 are reserved to tak e^rT
K° l d
d lO N D S .- A s to 1st mortgage and coil, trust 5s of 1904 (reduced to $7.
duo 1923 and $10,000,000 for additional nrnncrtV
’ 1)0nds 000,000, and further reduced to $5,296 000), see Consolidated Lake Supeand (2) $10,000,000 7% cum. pref. stock, to convert the dob?ntu°r«,2?,Jh« ftorC o,, V 77 p. 771, 1290; V. 7.8. p. 1781. 1900: V. 88. p. 1065: V. 90. p.
option o f tho holders after M ar. 1 1912. Tho g i r w i n n r i Y Y 1™ 0
,3
L l ?,2' p - 529. and below. 1 Irst dividend on Incomes, 5 % , Oct. 1
Series A , bonds issuod are convertible into emm?,'!,
M'
«?6; 1907 to 1909 none: 1910, 2J^%; 1911. 2 A % : 1912 and 1913, 6 % ;
M ar. 1 1912 and M ar. 1 1922.
common stock at par between
1914, 1915 and 1916, none. V. 99. p. 814, 820.
Tho $6,000,000 2-year 6% gold notes dated March 1 1915 w o ro c o lld „ „ ,i
Algom a Steel Corporation's $15,000,000 common and $10,000,000 7%
paid at 101 and int. on M ar. 31 1916 out of earnings
V i n a T f i l 'i
cumulative preferred stock is all owned by the Lake Superior Corporation.
Th e Ellsworth Collieries Co. $6,000,000 s. f n l h L m/ruw h l b 5 ; .
.
as to Prin- an(i in t- th° F ^ t & Ref. M . 5s o f 1912,
guar p ri" nnH int. hv the r . a c k n w m , m o n e y ponds are
$30,000,000 authorized. V. 103, p. 2076. T h e Steel Corporation issued
3r V. 8 ? 393t -51b0 T 1 0 ^ 6 8 ™
ydoo. 'V P 84 <,',C
Its purchase money bonds for $5,800,000 to secure L . S. Corp. 1st 5s. These
&l cars
162 ’ p. 889
n. 889
P ' 168' ° ar tru^ s o f 1916 cover 1,400
102,
steel
I’ '1 'las„0 money bonds rank prior to 1st & Ref. bonds; o f remaining bonds,
r£
R E P O R T . \ ear 1915, V. 102, p. 969, 985; yoar 1916, issue o f Fob. 24. 55.800.000 are reserved to retire tho Lake Superior Corp. 1st 5s. Callable
1915.
1914.
1913.
Unfilled orders at end o f
year (gross tons)
811,126
312.680
185,427
Gross sales & earnings.. N o t stated $27,792,935 $16 28? 639 $79 87o’o7k secured by £7503)00 lst'& RefT 5s o f 1912. T h e fin a f s l ^ l . 'J o O o f these
notes wiH be paid o ff M ar. 1 1917. V. 104, p. 665. Report, V. 99, p. 1526.
N ot earnings...... ...........$16,090,858 $5,977 470 $1 581 379 *6 879 069
Sink, fund on bonds and
' ,t(u $1,581,379 $6,872,962
Holders o f Algoma Steel Corp. First & Ref. M . 5s on N o v. 27 1914
exhaust, o f minerals. .
$368,730
authorized (a) the payment o f interest on said bonds due Oct. 1 1914 to
,$313,115
$226,849
$452,188 April 1 1916. both
Doprce. & accr. ren ew .. 1,653,847
cash or in
payable semi
1.210,528
839,789
1,210,020 annually A . & O.,inclusive, either in and after 6% scrip; int. in amounts o f
Int .Lack .St .bds ,&debs.
exchangeable on
Sept. 1 1916
1,750,050
1,750,103 $100 or £100. or multiples thereof, for-a like amount o f said bonds; (5) the
_
Int. bonds o f sub. cos_
1,850,047
2,044,719
315,950
325,515 delivery to tho company upon resolution or Its board o f $2,000,000 bonds
Rentals and royalties___
101,536
112,402 without tho mtge. restrictions: Th e int. due March 1915 and for 3 other
Balance, sur. or def.S$12,218,234 S$2,409,108 D$1 652 795 S$3 022 731 half-year periods on the 6% 3-yoar notes was also paid in scrip. See V. 99.
O F F IC E R S .— Pres.. E. A . S. Clarke; V .-P M osesT- vior v p l r l
u n ’ 81U ' 98, p ' 612, 76i: V '
P ‘ 1370’ 1-599: V ’ 100’ p ’ 1169:
M g r., Charles II. McCullough Jr.; Asst, to P r e s S . ' J i a i n l ™ ! . &Gen.
As to Algoma Central & Hudson Bay R y . and Algoma Eastern R y .
J .P . iligginson; Sec., F . F . Graham; Comp L ' W H A ««lm ng
-P rY
Tn ,as*
guar, bonds, seo R R . C o .’s. Cannelton Coal & Coke, V. 93, p. 804.
offico and works, Lackawanna. N . Y . N ew Y ork o ff[ ^ 2 S e c t o r S t
P
R E P O R T .— Year ending June 30 1916, iii V. 103, p. 840, showed:
D IR E C T O R S . J. J. Albright, C . Ledyard Blair F A 8 ci-irkn
Earns. Bond In t.
Sinking
Denr., Int.,&c.,rd. Balance,
B. S. Guinness, Adrian Isehn Jr.. Hamilton F Kean Percy it Pvne r e n ’ June 30 Net Cos.
Year— Sub.
l’~u
°
"
-1 —
- W . Burleigh, Ogden L. Mills, John J. M itchell, Breki’nan^WinVhrm Moses 1915
Taylor. Henry R. Taylor, Cornelius Vanderbi t^ R chard F Howo’ c i f
1914.........
........................... .
McCullough Jr.. E. J. Haney, Edwin S. Marston. W j WHson F F
Tho total surplus June 30 1916 was $358,718.
Graham and John II. Hammond.— (V . 103, p. 1035, 1415, 1985; V. i o i '
p. 168.)
’
'
’
D IR E C T O R S .— W . K . Whigham (Chairm an), London: J. Frater T a y lo r
(President) and James Hawson, Sauit Ste. M arie, Ont.; W . C . Franz.
LA C LE D E (I VS U G H I\— O R G A N IZ A T IO N .— Incorporated in 1857
Herbert Copped (V .-P s,), N . Y .; Frod’kM cO w on and W ilfred Cunningham,
and in 1889 scoured control of all the other gas companies In St Louis
On
crates under perpetual franchises. In June 1909 the $7,400,000 common
stock held by the North American Co. was sold to a syndicate
V 8$
P. 1563; V. 76, p. 515, 922; V. 78. p. 1273; V. 80. p lW o
PHee of gfs
p. 582, 761, 840, 941, 1305, 1795, 2075, 2241.)
170
[V ol . 104.
IN D U STRIAL STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
\For abbreviations, & c., see notes cm first page]
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable,
• LU
9
L a ke T o rp e d o B oa t C o— Common a u t h S2,8 0 0 ,0 0 0 ------Dcc30 T6,3)4 % Bridgeport, Conn
569,480 7 In 1916
10
1st prof 7% cum auth $1,000,000 fu ll voting power (p&d) —
1,200,000
2d prof 7% non-curn auth $1,200,000------------------------Checks mailed
6.000.000 See text Q— M
100
L a n ston M on otyp e M achine Co— Stock $10,000,000 auth- —
75c Mew Y ork
100,000shrs
None
L ee R u b b er & T ir e C o rp — Stock auth $150,0001shares. . .
Office, Philadelphia
26,557,950 8 In 1910 Q— F 28
50
Lehigh Coal & Navigation— Stock authorized $26,58/.650-do
do
4)4 g Qu & Sa
3.906.000
1,000
General mortgage gold (closed). - - - - - - - - - - - - --FP.xc& r 1884
do
do
J & J
3,982.000
4g
1,000
•1898
Fund and imp m tg e .g (Scr A $2,807,000) (closed) PIP.xc
do
do
M & N
4)4 g
829,000
1,000
Collateral trust gold bonds $1,750,000, red 102)4--FluPxc 1910
do
do
J & D
2.985.000
4)4
1,000
1911
Collat trust power bonds $3,000,000 red 102)4 —
N ew Y ork & Phlla
1 1954
14.67* ,000
4)4 S J & J
Consol M $40.000,000,g, s f rod text................ P eP .k c*r* 1914 1,000 &c
Philadelphia. Pa
1,033.000 Seo text J & J
1,000
Leh N a v & E Iec C o l s t M " B ” g Int guar red to x t.P e P .y c * 1913
Chocks mailed
7.575.225 10 In '16 Q— J
50
Lehigh Valley Coal Sales Co— Stock auth $10,000,000-----30 T6 6)4 Checks mailed
9,210,000 13 In ’ 10 J & D;
50
Lshigh & Wilkes-Barre Coal— Stock $10,000,000 authorized
Liberty Nat Bank. N V
i 1920-35
J & D
4g
1,000 14.496.0iX)
Consol M gold maturing $2,500,000 every 5 y ea rs..P eP .o * 1910
Checks from Cent T r Co
1 T7 3%
Q— M
100 21.490,400 See text
L iggett & Myers Co— Common stock $21,496,400----..........
do
do
1 1917 IVx
Q —J
100 15.383.800 7 In 1916
Preferred stock (a & d) 7% cumulative $22,759,900-----Guaranty Trust Co. N Y
1 1944
A & O
7 g
50 &c 14,908,200
1911
Gold bonds (not mortgage) $15,507,800 auth— G,xc &r
do
do
1 1951
F & A
15.059,600
5g
50 < c
5c
1911
do
do
do
do
15,059.600 a u th ---Q .xo*& r*
Chocks mailed
1 '17 1
4,915,000 7 in 1916 Q — J
100
Loose-Wiles Biscuit Co— 1st pref (p & d) 7% cum red 120-do
1 T5 1 >
4
2,000,000 Soe text Q— F
100
Second pref (a & d) 7% cum $2,000,000 conv Into common
do
Q— J ..... 21917 3 .
15.155,600 See text
100
Lorillard (P ) Co— Common stock $15,155,600--------------do
100 11.307,000 7 In 1916 y — J _ Jan 21917 1 H Guaranty Trust Co, N Y
Pref stock (a & d) 7% cum $11,307,600— - - — - — 7 E A & O Oct 1 1944
50 &c 10.520,80(1
Gold bonds (not mortgage) $10,933,500 a u th -.-Q .x c '& r* 1911
do
do
F & A Aug 1 1951
5 g
50 &c 10,017.450
1911
do
do
do
do
10,617,450 a u th .--G .x c*& r»
A N N U A L R E P O R T .— For 1916 in issue o f Feb. 24 1917. Coal mined
L A K E T O R P E D O B O A T C O .— O R G A N IZ A T IO N .— Incorp. Jan. 13
1914 in Maine ancl builds submarines under the Lake patents, w ith yards and marketed in 1916, 3,939,723 tons; in 19H5, 3,583,743 tons. Net 1915.
Gross 1916. Gross 1915. Net 1916.
at Bridgeport, Conn. Capacity 24 boats yearly. V. 101, p. 850.
$772,108
1,110,035
C o a l ............................. $14,068,471 $12,062,681
Stock.— Auth., $1,000,000 7% cum. 1st pref. (p. & d., full voting pow er),
Canals......................... 164,339
196,360 loss 38,991 loss 29,973
par $10; outstanding. $450,230; 2d pref., auth. j*nd outstanding, » l ,200-.
Railroad rentals recoived 2,270,184
2,293,611]
000 7% non-cum., $10 par. Auth. common, $2,800,000, par $10, out
3,197,145
1,060,876) 3,379,870
961,142
investments ..
standing, $2,184,000.
181.468J
831,169 _______________________
Miscellaneous.
D IV ID E N D S .— 1st prof . 1914 and 1915, 7% ; 1916, Jan. 2, 7 % . 2d
pref., none to Feb. 14 1910. In Fob. 1916 It was proposed to change 1st
$18,295,304 $15,795,002 $4,450,914 $3,939,280
139,331
pref. payments from annually to soinl-ann. In June and Dec. 1916, 3 >5 Vo ■ Deduct— General administrative expensesqqa’ oox
312,574
D IR E C T O R S .— Fred B. W hitney, Chairman: Herbert S. M iller, Pres.;
tui ?ra
Taxes, goneral-----------------------------------------1,175,798
Interest on funded debt-----------------------------1,1
Simon Lake, V .-P .; Frank M iller, Treas.; O. D . W allace, M . D. Blondell.
13,236
Other Interest, & c-------------------------- ---------L . B . M iller, I I . J. M iller and F. M . Voorhees; O. E. Adams, Sec. & Asst.
2,124,630
Dividends ( 8 % ) - - ....................................
2,124,63b
Treas.; It. FI. M . Robertson, M gr. D irector,lato naval constructor In U. S.
N a v y . O ffice, Bridgeport.— V. 102. p. 1063, 1166.)
Balance surnlus
$663,712 $173,704
LANSTON M ONOTYPE M A C H IN E CO.— O R G A N IZ A T IO N .—-Incor
Pres s’. D . W airfaer; V.-Ps., Rollin II. W ilbur, Edwin Ludlow and
porated In Virginia in 1892. iManufactures for sale or rental automatic ma I I . F. Baker; Sec. & Treas., H. I I . Pease. Office, 437 Chestnut St., Phila.
chines for composing and casting type. Controls Lanston Monotype — (V . 102, p. 796, 1063,1350,1440; V . 103, p. 324; V. 104, p. 667.)
Corporation of London, England, with which It has contract for sales In
Europe. V . 78. p. 2440; V. 84. p. 994.
,
,
. . I P H IG H V A L L E Y C O AL SA LES CO.— Incorporated in New Jersey
Stockholders on Oct. 28 1909 authorized an Increase In the stock from
Jan. 22 1912. Purchases from the Lehigh Valley Coal Co. coal mined, pur
$5,000,000 to $6,000,000 and In par value from $20 to $100. V . 90. p. 1105. chased or otherwise acquired by the Leh. Val. Coal Co. and ^ filia tedpCompanles, and shins and markets tho same under contract,; Th e tower Federal
D IV ID E N D S .— I '06. '07. '08. '09. '10-T3. '14. '15. ’ 10.
1917.
Court on Dec. 21 1914 dismissed the G ovt, suit against tho company and the
2
0 1)4 6 y ’ly
3
0
4)4
1 )4,~ > ,
—
Per cent___________ 1 4
Lehigh Valley R R ., &c.. for alleged violation o f the anti-trust law and the
M a y 31 1916 to Feb. 1917, 1)4 % quarterly.
commodities clause o f the Inter-State Commerce law. V. 99. P-191‘1. V.
R E P O R T .— For years ending Feb. 29 1916 and Feb. 28 1915:
98, p. 916. Stock auth.. $10,000,000 (par $50). o f which $7,575,225 has
Year end.— Feft.29'10. Fe6.28'15.|
,,
,
Eeb.29 16. b eft .28 15.
N e t profits........ $429,994 $381,298 D ivid en d s........ - - - - - - (3 )$ 180,000 been Issued, $1,514,425 or which Jan. 17 1914 as a 25% stock Glv. V. 94,
Depreciation - - - $84,154
$75,8341 Bal., surplus$345,840 $125,462 p. 123. 282; V . 97, p. 1429. First div.. 2 )4 % . paid Oct. 1912. 1913, 10%
Pres., J. M aury Dove; V .-P . & Treas., J. Sellers Bancroft; Sec., W . A r (2 )4 % O -J V 1914. Jan., 2 )4 % , also 25% extra; April 1914 to Jan. 1917 .
thur Sellman; Asst. Sec., Samuel A . Fraser; Asst. Treas., Joel G. Clemmer. 2)4 % quar. Pres., Geo. N . Wilson; V .-P . & Gon. Sales A g t ., W . R . Evans;
Sec. & Treas., W . J. Burton.— (V . 98, p. 916; V . 99, p. 1914.)
O ffice and factory, 24th and Locust Sts., Phlla.— (V . 102, p. 1814, 1892.)
LEE R U B B E R & T I R E CORP.— O R G A N IZ A T IO N .— Incorporated
LEH IG H & W IL K E S -B A R R E C O AL CO.— O R G A N IZ A T IO N .— Org. In
In N . Y . on Doe. 14 1915 to take over tho assets o f the Lee T ire & Rubber
Pennsylvania Jan. 1874. Owns in fee and leases property located In
Co. o f Conshohocken, Pa. Th e now company has authorized 150.000 Carbon. Luzerne and Schuylkill counties. Pa. Stock authorized, $10.
shares o f stock (no par valuo), o f which 100,000 aro outstanding. Report
000,000. issued. $9,210,000, o f which Central R R . o f N . J. on July 1 1916
for 10 months 1915 o f Leo Tiro & Rubber Co. showed not profits amounting owned$8,489,050. Tonnage mined, 1915-16. 4.482.598 t o n s ; p u r g e d . 90.
to $412,475. Has no bonds or pref. stock. Common stock listed on N . Y .
776 tons; sold, 4,903,624 tons. As todocLsion o f U .S. D ist. Court In Oct. 1Jlo
Stock Exchange. V. 101, p. 1977; V. 103, p. 1892. In 1916 paid three
ordering Central R R . o f N . J. to dispose of Its
and
dividends o f 50c. and an extra 25c., but in Jan. 1917 no dlvidond was de Lehigh & W ilkes-Barre from paying dividends to tho Central— sco that
clared. See V. 104. p. 366.
company. V . 103. p. 1215. As to Reading anti-trust, seo V. 103, p. 1122.
O F F IC E R S (and Directors).— Albert A . Garthwaite (Pres.), John J.
B O N D S .— O f tho consol, mtge. serial gold 4s ($20,000,000 auth. lssuo),
Watson Jr. (Vice-Pres.), Horace C . Coleman (T reas.), Ilonry Hopkins 32 500,000 maturo every 5 years beginning Juno 1 1915; amount or oonus
Jr. (Set ‘ “
"
' "
T
™r T~‘
T
outstanding, $14,496,000. Sinking fund, V . 90, p. 1299.
Wayne
D IV ID E N D S .— Dividends o f 6>$% have been paid each J. & D . from
1909 to Dec 1916, both inclusive, except that owing to Aforesaid injunction
a m fw h ite ', W eld & Co. aro interested".— (V . 102, p. 613, 1630; V. 103, p.
no dlvidond was paid to Central R l i . o f N . J. sinco Juno lJ lo .
1892, 2159: V . 104, p. 168, 260; V. 104, p. 366.)
LEI I H ill C OAL & N A V IG A T IO N .— Owns canal from Coalport to Easton,
R E P O R T .— Y ear onding Juno 30 1916, in V. 104, p. 360, showed:
Pa., 40 miles, and leases Delaware Division Canal, 60 miles. Also owns
Year__
Gross.
Net.
Interest. Divs. (13 % ). Bal., Sur
Lehigh & Susquehanna UR., PhlUlpsburg, N. J., to Union Junction. Pa.,
1915-16....... $18,047,980 $3,275,309 $579,840 $1,197,300 $1,498,169
105 miles, with branches, 58 miles, and leases for 999 years Nesquehonlng 1914-15____ 16,755,471 3.283,362
671,507
1,197,300 1,414,555
Valley H R ., 17 miles; Treskow R R ., 7 miles: other lines, 17 miles; total, 2 6
<
Pros., Charles F. Huber; Sec. & Treas., G. O. Waterman. OHitos,
miles, of which 115 miles double track; but all these roads are leased for Wilkes-Barre, Pa., and 143 Liberty St., N . Y .— (V . 104, p. 360.)
999 years from 1871 to Central of N . J. R R ., rental being 33 1-3% of gross
LIG G ETT & M YERS CO.— O R G A N IZ A T IO N .— Incorporated In New
receipts, with a minimum rental of $1,414,400. Delaieare Division Canal
leased for 99 years from 1860. In 1904 m ajority o f capital stock o f Lehigh & Jersey N ov. 24 1911 and under order of U. S. Circuit Court dated N ov. 16
1911 took over under plan of disintegration of American Tobacco Co. (V . 93,
N ew England R R . was acquired. V. 78, p. 1785; V . 79, p. 2646; V . 97, p,
d 1122-24). certain of Its plug, smoking, cigarette and little cigar factories.
668, 1587; V. 100, p. 731.
,
„ . .
. , ,
,
„
As to decision In Oct. 1915 in anti-trust suit by U . S. Dlst. Court (sub V. 93. p. 1537: V . 94. p. 282; V. 100. p. 890.
S T O C K .— Th e stockholders on April 15 1914 authorized an Increase of
ject to appeal), see V. 101, p. 1473. Robate suit March 1916 appealed in
A pril 1916 boforo the U. S. Circuit Court.
V . 102, p. 1063, 1350, 1440. «7 370 100 In pref. stock, to be Issued as required, Increasing amount out to
Th e Lehigh Navigation Electric Co. has built a large power plant 10 miles $22,759,900. V . 98. p. 837. 916.
west o f Mauch Chunk. Pa., costing about $3,000,000. to use tho coal dust
D IV ID E N D S (% ) —
[Dec. 1912. 1913 to M a r. 1 1917.
from tho mines. In M a y 1913 m ajority o f tho common capital stock o f tho On c o m m o n . . . . . . . . ...........................
3%
12% (3% Q .-M .).
Harwood Electric Co. was acquired. V. 96. p. 1367; V. 100. p. 645, 731.
Common, extra-------------------------- l
—
4% extra lu Apr.
In Fob. 1917 plans were being perfected for a holding company to take
BO N DS.— The rights of the 7s are prior to those of the os. N o mortgage
over and develop on a much greater scalo im portant electric light and power
properties (including those above mentioned) in connection w ith tho owner shall be placed oil tho property without providing for tho bonds as prior
ship o f a m ajority of the stock o f tho Lehigh Valley Transit Co. Sco “ Elec.
ClaR E ^ O R T .— Report for cal. year 1915, in V . 102. p- }°5 5 . showed total
Ity . Section” and V. 104, p. 667.
net Income. $8,633,449; premium on 7% bonds canceled. *30.537; | . on
nt
S T O C K .— The voting trust holding about $17,296,700 o f the $26,557,950 bonds. $1,802,636; pref. divs. ( 7 % ). $1.076,806; com. divs. (1 6 % ). 33.439.
stock expired March 1 1915. V. 100, p. 479.
424; bal., sur., $2,283,986.
B O N DS.— Gen. mtge. of 1884 covers 7.460 acres coal land, 48 miles cana*
O F F IC E R S .— Pres., C. C. Dula; V .-P . and Treas., T . T . Anderson,
and 161 miles railroad. For mtge. of 1898. see V. 67. p. 125; V. 70. p. 42*5 V .-P ’s, R. D. Lewis. E. B. McDonald, C. W . Toms and H . A . Walker; Seo.V . 81, p. 720; V . 84. p. 106. W ith Central R R . o f N . J. guar. 81,062.000 E H. Thurston. O ffice ,4241 Folsom A vo.. St. Louis; branch, 212 l’ lfth
Lehigh & Hudson River R y. gen. 5s, prin. and lnt. V. 07. P - 788.
A ve., N . Y .— (V . 100, p. 896; V. 102, p. 1055, 10b3.)
Collateral trust 4Ms dated N o v. 1 1910. V . 91, p. 1098, 1388. Unse
L IM A L O C O M O T IV E VVKS., IN C . ( V A . ) . - V . 104, p. 76; V.103,p.2347.
cured notes o f 1916, $600,000, duo $100,000 yearly to July 1 1922.
Tho coll, trust 4)4 % power bonds, dated Dec. 1 1911, (outstanding
LOOSE-W ILES B ISC U IT CO.— O R G A N IZ A T IO N .— Incorp. In N . Y
Dec. 31 1916, $829,000, to bo called at 102)4 and int. on M a y l 1917) aro May 4 1912. Operates large factories In Boston, Chicago, St. Louis, Kan
secured by deposit o f S I ,000,000 Lehigh Coal & N a v . Co. consol. 4)4s and sas C ity, Minneapolis, Omaha and Dallas. New Long Island C ity, N . Y ..
$3,000,000 Leh. N av. El. Co. Ser. A 1st gold 6s. V . 95, p. 1671: V.98,p.685 factorv In full operation since about Sept. 1914. V . 90, p. 65, 3o0; V. 98.
There havo also been issued by Lehigh Navigation & Electric Co. 31,033,
p. 1069. Also manufactures candy. V. 94. p. 1320.
000 Series B bonds to purchase Harwood Electric Co. common stock, re
S T O C K .— Com . stock ($8,000,000) is lu a voting trust extending to
deemable at par and hit., guar, as to int. by Lehigh Coal & N a v. Co. and M a y 8 1917. but terminable by 76% interest o f stock. V . 94. p. 1708.
with int. now payable following annual rates: July 1915 and Jan. 1916. 3% :
D IV ID E N D S .— On first pror., I H % quar. July 1912 to Jan. 1917. On
July 1916 and Jan. 1917, 3 )4 % ; July 1917 and Jan. 1918, 4 % : July 1918 2d pref., Aug. 1912 to Feb. 1915, 1 S % quar.; none sinco to Fob. 1917.
A
and Jan. 1919. 4)4 %; thereafter, 5% per annum. Th e remaining $5,650,
V. 100, p. 646 , 905.
000 o f the $10,000,000 authorized issue aro issuable for 85% o f cost o f ac
R E P O R T .— Report for cal, year 1915, In V . 102, p. 889, showed:
quisitions or Improvements, &c. V. 99, p. 1677. 1532: V. 101, p. 697.
Total
Net
1st Pref.
'2d Pref.
Balance,
Th e Consol, mtge. 4)4s ($40,000,000 auth. issue) are secured by about Calendar
Year—
Income. Earnings. Dividends. Dividends. S ur. or Def.
12,734 acres o f anthracite lands in Carbon and Schuylkill counties, Fa., and
1916...................$1,003,453
$344,050
sur.$495,507
canal and railroad properties, and all oxcopt 100 shares o f Lehigh & N ew
422.371
122,543
344,050
- <l«f- 221,507
England R R . stock and stocks and bonds o f other affiliated companies. O f 1915
19141.......
731,177
503,501
350,000 $140,000 sur.
13,501
the $18,000,000 Series A , $14,000,000 wero sold to rotiro $10,115,333 prior
Pres., J. L . Loose: Treas., J. II. Wiles. Offlco, Kansas C ity, M o .—
lien bonds due on or beforo July 1 1914 and for general purposes, and
$8,079,000 hold In treasury or pledged as collateral for bonds. O f tho (V . 100. p. 905; V. 102, p. 889. 1063.)
$22,000,000 unissued, sufficient aro reserved to retire $7,888,000 prior
L O R D & T A Y L O R .— Sco plan, V. 103, p. 224.
mortgages maturing after July 1 1914 and the balance under restrictions for
(P ) L O R IL L A R D CO.— O R G A N I Z A T I O N . — In co rp o ra ted In New Jer
future purposes. Redeemable on any July 1 at 10214 and int. by sinking
fund o f 5 cents per ton o f poa and largor coal mined and shlppod. Callable sey Nov. 24 1911 and. under order o f IJ. S. Clroult Court dated N ov. 10
1911, took o ver, under plan o f disin tegra tio n o f A m erica n T o b a cco Co.
at 102)4 and int. until July 1 1921; thereafter at 105. In July 1916 $243, V 93. p. 1122-24), certain o f Its plug, sm ok in g, cig a re tte and little cig a r
000 had been retired by sinking and other funds and an additional $847,000
were sold, making $14,678,000 out. V. 103, p. 324; V. 98, p. 390. 1996. factories. V. 93, p. 1537; V. 94, p. 70, 120, 28.3.
S T O C K .— O f tho stock, $461,600 is lssuablo in oxchango for tho $403,900
D IV S .— / '00. ’01. ’02. ’03. ’04. *05-’08. ’09. ’ 10.-’ 16.
1917.
pref. stock of the former P. Lorillard Co. at the rate of $114 25 per $100
Per cent
\ 5)4 6
5
6
7
S y ’ ly 9
8 yearly
2 , - . —
It___ ,0,1 .
0.1 it 70 19ft
Also 15% In scrip March 1 1910. V. 90, p. 55: V . 92, p. 265.
F eb., 1917.]
Date
M IS C E L L A N E O U S C O M P A N IE S
[E o r a b b r e v ia t io n s , A c , s e e n o te s o n f irs t p a g e ]
Bonds
L ou .G as& C Iec.C o.— Pref.stock 6% cum $15,000,000 rod 115
Loulsv Gas & Elec o f K y 1st & lie f M gold call at 101-_xc*
L ou lsv G & B Co (o f K y )— Loulsv. L'tlng Co 1st JM gold.xc*
Lou G A; K1 o f K y notes $2,000,000 g red tox t._C e.C c *
Lu kens Steel Co— First pref (d & a) stock 7% cum call text.
McCror.v Stores C orp — Common autnorizod $5,000,000-I’ ref stock 7% cum authorized $1,250,000________________
Mackay Companies (T h e)— Common shares $50,000,000 auth
Pret (a & d) 4% cum $50,000,000 auth red 106.................
M a n h a tta n S h irt C o— Common stock $5,000,000_________
P re f stock (a & d) 7% cum red 120________________________
Manufacturers Light & Heat— Stock $25,000,000 (bonds text)
M ortgage duo part yearly (red )_________________________ x
M arlin Arm s C o r p — Common stock 60,000 shares_________
Massachusetts Gas Companies— Common stock----------------Preferred (a & d) 4% cum $25,000,000.......... ....... ....... OB
Sinking fund gold bonds redeemable at 105_____ OB.zo’ &r
Debentures gold red 105_____________________________ OB.z
D IV . O N C O M . S T O C K — 11912.
S
Regular_______________________ j
171
IN D U STRIAL STOCKS A N D BONDS
1913.
1914.
10
1913
1914
1907
1909
1911
Par
V a lu e
Am ount
O u ts ta n d in g
S100 $10,907,000
9.000.
500 &c
1,000 3.121.000
1.500.000
100 &c
100 6.000.
5.000.
100
100
1.250.000
100 41,380,400
100 50.000.
100
5.000.
100
1.600.000
60 23.000.
1.000
1.188,000
None 60,000 shres
100 25.000.
100 25.000.
1,000
5.036,000
1,000
4.000.
1915. 1916. 1917.
10 1 ) ^ , 3 , - , - , - .
Quarterly’ dividend' proviou sly^H '% , was incroasod A pril 1916 t o 3 % , with
5% extra. V . 102, p. 889.
BO N DS.— The rights of the 7s are prior to those of the 5s. N o mortgage
shall be placed on the property without providing for the bonds as prior
claims. See V. 94, p. 283
R E P O R T .— Report for the cal. year 1915 in V . 102, p. 1055, showed net
Income, 54,820,913; premium on 7% bonds purchased and canceled, $18.
685; bond int., $1,274,050; pref. divs. (7 % ), $791,532; com. divs. (1 3 % ),
$1,970,228; b a l„ sur., $760,413.
v /o;
O F F IC E R S .— Pres., T . J. M alonoy; Sec. and Troas., W . B. Rbett.
Office, Jersey C ity, N . J.— (V . 102, p. 889, 1055; V . 103, p. 582.)
LO S A N G E L E S U N IO N TE R A 1IN A L C O .— (V . 102, p. 613.)
L O U IS V IL L E O A S & E L E C T R IC C O .— O R G A N IZ A T IO N .— Incor
porated in Delaware Feb. 17 1913. Oporates and controls all o f the gas
electrlc-llght (including suburbs), power and steam-heat properties In the
city. Owns all except $121,400 o f the $10,324,300 common stock o f Louis
Gas & El. Co. o f K y . Also owns the entire stock and bonds o f Kentucky
Pipe Line C o., Incorporated July 1 1913, with $2,000,00!) stock, which In
M arch 1914 placed in operation pino line transmitting natural gas from the
W est V a .-K y. State line to Louisville, about 190 miles, capacity 12,000,000
cu. ft. daily. Controlled by Standard Gas & Elec. Co. in conjunction with
Mississippi Val. Gas & Eloc. Co. Under management o f II. M . Byllesby
& Go. V . 97. p. 54. 179. 526. 1507.
J
S T O C K .— Auth., $8,000,000 common and $15,000,000 6% cum. pref.
(red. at 115); outstanding, common $6,448,200; prof. $10,907,000. Par $100.
V. 97. p. 526. D iv. on pref., 145% Quar., paid Dec. 1913 to Dec. 1914.
In 1915, April 30, July 30 and Oct. 30. 1 % each; Dec., I H %; total, 4 X % :
A
leaving total accumulated dividends I K % . In 1916, M ar. 20 Juno 1 Sept.
2 and Dec. 5 l 'A % was paid. V. 101, p. 2148; V. 100, p. 1441.
B O N D S .— First and Ref. M . 5-.vear 6s o f Louis. G. & E. C o o f K y . area
first lien on all the properties owned (subject only to $3,119 000 Louisville
Lighting 5s) and also tho Pipe Line property through the deposit with the
trustee o f $3,000,000 1st M . bonds and $2,000,000 stock o f the Pipe Line
Co. O f the remaining bonds, $3,121,000 are reserved to retire the Louis
ville Lighting 5s (of which $2,000 In treasury), and $2,879,000 are issuable
for 75% of the cost o f extensions and additions, provided not earnings are
I K times the annual Interest charge. Including tho underlying bonds and
those appliod for. Harris Trust & Savings Bank, Chicago, trustee.
Tota l auth. issue. $15,000,000. V . 97, p. 54; V. 99, p. 541; V. 102, p. 613.
Tho 3 H-year 6% gold notes ($2,000,000 auth. issue) of Louisville G. & E.
Co. (o f K y .) , dated Oct. 1 1914, are redeemable on 60 days’ notice at 101
and Interest to April 1 1917 and thereafter at 100 A . Of tho notos, $1,500.000
have been sold to retire the floating debt and provide for additions. The
remainder may bo issued only when not earnings after deducting tho annual
interest charges on the outstanding 1st & R ef. M . and underlying bonds
shall bo at least throe times the annual interest charge on all notes outstand
ing and proposed to be issued. V. 99. p. 1455- V 100 o 1441 1835
E A R N IN G S .— For year ending N o v . 30 1916, gross,- $2,437,800; net,
’^ 1 ’9°9; bond, & c.’ int., $710,299; bal., sur., $701,310.
[>
V 'p '' ^ eo;n tjH ito 163’ V .-I’ ros. and Gen. M gr., Donald
M acDonald; Sec. & Troas., T . B . Wilson.— (V . 102, p. 613.)
W hen
P a y a b le
See text,
000 g
6
5g
6g
000
000
7 in 1916
5 In 1916
000 4
000
4
7 in 1916
000 1916
8 in
6
See text
000 1916
5 in
000 1916
4 In
4K g
000 H g
4
J
A
A
Q— M. Dec 5 ’ 10 ,1 H %
& .1 July 1 1918
& O Apr 11953
& O A pril 1918
Q— J
Q— J
Q— J
Q— M
Q— J
Q— J
A & O
J
J
J
L a s t D iv id e n d ,
a n d M a tu rity
Q— F
& D
& J
& D
P la c e s W h e r e In t e r e s t a n d
D iv id e n d s a re P a y a b le
Louisville, K y
N ew York and Chicago
Fid & Col T r C o, Loulsv
Cent. Tr. Co.C hicago.lll.
N ew York
N Y , Canada and London
do
do
Checks mailed
do
Checks mailed
Plttsb, Colonial Trust Co
N ew York
1 ’ 17 1 K % Old Colony T r Co. Boston
do
do
1 ’ 16 2%
1 1929
Boston, Mass
Old Colony T r Co, Bost
1 1931
Jan 1 '17, I K
Jan 2 '1 7 1 K
Jan 2 ’ 17 1%
Dec 1 ’ 16 1%
Jan 2 ’ 17 1 H %
See text
To Oct 1 1920
Feb
Dec
Jan
Deo
O F F IC E R S .— Pros., J. G. M cC rory: V .-P ., J. I I . McCullough; V .-P ..
P . A . Prior; Treas., F. D . Jolly; Sec.. C . R . Langfelder. N . Y . offico, 621
B ’w av. M errill. Lynch & C o., N . Y ., are interested.— (V . 102, p. 2171;
V . 103, p. 243, 669. 1035, 1415. 1892, 2159; V . 104, p. 168.)
AlAC A N D R E W S & F O R B E S C O .— (V.103. p. 1122, 2347.)
M A C K A Y C O M P A N IE S (T H E ).— O R G A N IZ A T IO N .— A voluntary
association formed under trust deed o f Dec. 19 1903 and managed by ten
trustees, elected annually. Present trustees are: Clarence H . M ackay,
W . W . Cook, Georgo G . W ard, Edward C . P la tt, George Clapperton,
M . W . Blackmar (N ew Y o rk ), Sir Edmund B. Osier (Toron to). Sir Vin
cent M eredith (M ontreal), Sir Thomas Skinner (London, England), and
R ight Hon. Lord Shaughnessy, K .C .V .O . (M on treal). Owns entire
$25,000,000 stock o f Commercial Cable Co. and tho entire capital o f the
Postal Telegraph system; also capital stock in other cable, telegraph and
telephone companies In United States, Canada and Europe. See V. 84, p.
448; V. 85, p. 407; V. 86, p. 476; V. 89, p. 848. Rights o f stock, V.84.p.870.
D IV ID E N D S .—
11905. 1906. 1907 to 1910.
1910 to Jan. 1917
O ncom m ou__________ %\
2
3
4 yearly.
6 yearly (Q .-J .).
In Feb. 1917 Pres. C. H . M ackay said: ‘ ‘As the earnings o f your company
fu lly warrant, your trustees havo considered increasing the dividend upon
the common shares from 5% to 6% per annum, or 1 A % per quarter in
stead o f 1 K % hitherto p a id ."
R E P O R T .— Year ending Feb. 1 1916, V . 101. p. 063:
Calendar
Income from Pref.Dios.
Com.Divs. Op.Ezp. Balance,
Year—
Investments.
(4 % ).
(5 % ).
Rents, A c . Surplus.
1916....................$4,683,265 $2,000,000 $2,069,020 $56,800 $557,446
1915................... 4,274,941
2,000,000
2,069,020 55,741
150,180
(The policy o f the M ackay Companies Is to obtain from the subordinate
companies only enough money to meet tho divs. o f the M ackay Company
shares, all surplus earnings being left in the treasuries o f the subordinate
companies for extensions and tho development o f the business and the in
crease o f reserves.) Office, 112 State St.. Boston.— (Y . 101, p. 663.)
M A G N O L IA P E T R O L E U M C O .— (V . 101, p. 76.)
M A N H A T T A N E L E C T R IC A L S U P P L Y C O ., IN C .— (V . 103, p.
1596, 1892, 1985.)
M A N H A T T A N S H I R T C O .— O R G A N IZ A T IO N .— Incorporated In
N ew York June 15 1912 as successor o f N ew Jersey company o f same name.
Manufactures men’s shirts, collars, underwear, shirtings, &c. Application
to list showing properties owned, rights o f stock, &c.. V . 100, p. 405.
S T O C K .— Pref. Is redeemable (also In liquidation) as a whole or In part
at 120 and accrued dividend. Cumulative yearly sinking fund. $90,000.
to purchase or call pref. stock. For further rights, see V. 100. p. 405.
Divs. on pref., 1 K % quar. Oct. 1 1912 to Jan. 2 1917 Incl. On com. K
o f 1% paid Juno l 1915 to June 1 1916, both incl.; and Sept, and Dec.
1916, 1% . V . 103, p. 582.
R E P O R T .— Report for year onding N o v . 30 1916 In V . 101. p- 71.
showed total net Income, $846,676; prof. divs. (7 % ). $151,090; com. divs.
(3 % ). $159,000; bal.. sur., $542,676; prof, stock reserve, $100,000.
Pros., Lewis Levi; Treas., Jacob Samuels; Sec.. Louis B. T im . O ffice,
Madison A ve. & 29th St., N . Y . — (V . 103, p. 582; V . 104, p. 71.)
(TH E) M A N U FA C TU RER S L IG H T & H E A T CO.. PIT TS B U R G H .—
O R G A N IZ A T IO N .— Incorporated in Pa. on Nov. 28 1899: re-lncorporated
April 21 1903. Leased Dec. 31 1916 332,932 acres o f gas and oil lands ,of
O R G A N IZ A T IO N .—
Incorp. in l ’enna. in 1917 to acquire all tho capital stock and ultim ately, which 113.444 were operated and219.538 unoperated. V . 88. p. 503; V. 90.
V 104,
~
tho entire property. &c., ol Lukens Iron & steel Co. (established in 1810) p. 1428; V. 92, p. 524; V. 91, p. 1633; V . 91, p. 217. Rates 1916, " . “
free and clear except for current accounts (V.J 92, p. 1314). Specializes p. 168.
in marine and locomotive boiler plates. Capacity about 300,000 tons per
D IV S .f ’01. ‘05. 1900. ‘07 t o ‘ 10. 1911. ‘ 12. ‘ 13. 14. ’ 15. '10. 1917.
annum, and when extensions are completed, 450,000 tons. In tho year P e r c e n t ! 6
text
6
6
None.
K
3 64S 7 . . 8
K
8
ended Oct. .>11916 made and sold over 275,000 tons (nono for munitions).
In 1917 paid In Jan., 2% (quar.) and in Feb. 2% extra.
Owns entire capital stock o f Allegliony Ore & Iron Co., owners o f iron mines
F IN A N C E S .— In 1911 entire floating debt was funded and in 1912
in Va. and two blast furnaces with 75,000 tons annual capacity.
$1,690,000. In 1913 $2,171,000. and In 1914-15 $671,000 bonds were bought
r r £ aptta \ JttonyT *
za
t , ,
Authorized. Outstanding.
7% cumulative first pref stock (8100 par va lu e)...$6,000,000 $6,000,000 In. In 1913 sold $1,500,000 stock. V . 96. p. 793. 949.
R E P O R T .— Cal. year 1916 (Incl. a ffil. cos.) In issue o f Feb. 24.
7% cum. convert. 2d pref. stock (.$100 par v a lu e ).. 6,000,000
6,000,000
Gross
Gross
Bond,
Depre- Dividends
Balance,
Common stock ($50 par va lu e)........ .......... ......... 10,500,000
10,500,000 Cal.
Year— Earnings.
Income.
In t.A c. elation,Ac. (8 % ).
Sur. or Def.
First prof, stock is red. all or part plus dividend on or before N o v . 1 1917
19 16 .-.$7,592,225 53,123,515 $79,348 $715,119 $1,840,000 sur.$489,018
at 102; thereafter until N o v . 1 1918 at 103; thereafter to N o v. 1 1919 at 104;
1 9 15 ..
. 6,403.113
2,816.77193,111721,6751.840.000sur. 161,985
then to N o v. 1 1920 at 105; then to N o v . 1 1921 at 106: thereafter at 110.
1 9 1 4 ..
. 6.471.675
2,558.973121,453670,1541.840.000def. 72.634
A semi-annual sinking fund for both pref. stocks w ill receive 50% o f tho
balanco o f net earnings after all divs. are set asido, one-half for purchase (or
O F F IC E R S .— Pres., John E. G ill, Franklin, P a.; Sec. and Asst. Treas..
call) o f first pref. stock and one-half second prof, stock. See offering,
I I . E . Seibert: Treas., G . W . Ratcllffo, Pittsburgh; V .-P ., L . A . M eyran,
V . 103, p. 2433.
,
„
J. I. Buchanan, Pittsburgh.— (V . 104, p. 168, 366.)
Earnings.— In the ten years from N o v . I 1905 to Oct. 31 1915 total gross
M A R C O N I W IR E L E S S T E L E O . C O . O F A M .— (V . 103, p. 941, 1122.)
profits were $7,402,399; depreciation charges, $1,624,052, and not profits
available for dividends $5,778,347.
M A R K A1FG. C O ., C H IC A G O .— See V 102, p. 2171.
Net Profits After Depreciation Charges N o t Less than the Following.
M A R L IN A R M S C O R P .— O R G A N IZ A T IO N .— Incorporated In N . Y .
14 M os. Cal. Year Cal. Year Cal. Year Cal. Year 10 Mas,
Year end.
on Dec. 8 1915 and purchased the assets o f the M arlin Fire Arms Co. at
1909-10.
1911.
1912.
1913.
1914.
1915.
Oct. 31 '16.
N ow Haven, Conn. Manufactures machine guns, &c.
$1,000,000 $300,000 $650,000 $1,300,000 $150,000 $300,000 $3,000,000
1 res., A . F. Huston, Coatesvillo, Pa.— (V . 103, p. 2433.)
S T O C K .— Common, 60,000 shares, no par value. A ll o f the $3,500,000
pref. stock was paid o f f at par and divs. in Dec. 1916 and Jan. 1917. V .
M c C A L L C O R P O R A T IO N , N . Y .— (V . 102, p. 1161.)
101, p. 76, 260. Gwynne Bros., N . Y ., are interested.
M c C R O R V S T O R E S C O R P .— O R G A N IZ A T IO N .— Incorporated in
O F F IC E R S .— Pres., A . F . Rockwell: V.-Pres.. Edgar Park: Sec.. Errol
M a y 1915 in Del., successor o f J. G. M cC rory Co. Owns and operates a
Kerr; Treas., T . W . Farnam. N . Y . offico, 1 5 W a llS t.— (V . 104, p. 260.)
cnaln or 120 5 and lO-scent stores in tho Eastern and Southern States.
_ S T O C K .— Auth. and outstanding, $5,000,000 common and $1,250,000
M A R O U E T T E & BESSEM ER D O C K & N A V IG A T IO N C O .— O R G A
7% cumulative preferred stock. Par $100. Surplus o f $250,000 must be N I Z A T I O N .— Incorp. In N ew Jersey Feb. 1903. Owns car ferries and a
steel coal-carrying collier; also dock property at Conneaut, Ohio, and Port
maintained prior to payments o f common divs., none to exceed 4% until
surplus Is $o00,000. Preferred has preference as to divs. and assets at 110,
Dover, Ont., and certain rights at P ort Stanley and Port Rond Eau, Ont.
and provision is made for redemption after Jan. 1 1917 at prico not exceed
Stock, $500,000, equally owned by Bessemer & Lake Erie and Pore M ar
ing 110 and divs. V. 100. p. 1750. Dividends paid on pref. stock. I K %
quette R R .. which operate property under contract for preferential Inter
quar. to and inch Jan. l 1917.
change o f business for 99 yoars, and guarantee bonds and debentures,
Tho company Itself in Feb. 1910 had no bondod debt, but 16 o f the pieces
prln. and int. V . 77. p. 1228; V. 82, p. 161; V. 100. p. 1835.
o f storo property occupied by tho company wore in 1915 transferred to
O U T S T A N D IN G B O N D S , A L L J O IN T L Y G U A R A N T E E D — $540,000
W illiam J. Fallon, who executed thereon an Issue o f $700,000 1st M . 6%
1st M . 20-year gold 414s, par $1,000 (c * ), sinking fund, callable at 105,
serial bonds dated Juno 1 1915 and duo yearly on July 1 1917 to 1930, the
$470,000 due April 1 1933 and $70,000 Oct. 1 1935. Also $80,000 5% de
properties being then loased back to tho company for 20 yoars. V .101,p .135. bentures duo 1935. A ll int. A. & O. Office. 65 Liberty St., N ew Y ork .
A N N U A L R E P O R T .— Year onding Doc. 31 1915, V . 102. p. 1057:
— (V . 88. p. 161; V. 100. p. 1835.)
Sales and Net Profits, Except Interest on Debt Retired by Financing in 1915.
M A S S A C H U S E T T S G A S C O M P A N IE S .— O R G A N IZ A T IO N .— A v o l
untary association formed In Oct. 1902, per plan in V . 74, p. 1311. Boston
Year—
1912.
1913.
1914.
1915.
1916N o . o f s to re s ,..
92
105
113
115
137 Consol. Gas Cos. operate gas generating plants at E verett. Commercial
S a los................... $4,764,312 $5,395,059 $4,929,184 $5,613,087 $6,786,989 Point, C alf Pasture, AUston, &c. Gas Is sold and distributed for con
N et profits........
$319,230
$390,550
$304,558
352.190
..........
sumption In Boston and suburbs. Amount sold In fiscal year 1915-16,
0,632.358,000 cubic feet. Th e Massachusetts Gas Companies own
Sales—
1917.
1916.
Increase.
M onth o f January.................................. $514,948
$361,037
$153,911
$15,112,600 o f the $15,124,600 capital stock o f the Consolidated Co.
LUKEN S STE EL CO., C O A TESVILLE, PA.—
172
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M axw ell M o tor C o, I n c — Common stock $13,000,000______
1st pref (a & d) 7% cum red 105. $14,050,000____________
Second preferred (a & d) 6% non-cumulatlve,$l 1,000,000.
MayDepartment Stores Co— Common stock $15,000,000____
P ref (a & d) 7% cum redeem 125 (text) $8,250,000_______
M a y Bldg 1st M leasehold serial M gold red text_________
M e rca n tile S tores C o rp o ra tio n —
Collat notes. 24 series, int prior to mat only if earned- Ba.
Date
Bonds
1913
Par
Value
1914
D IV ID E N D S .— U 9 0 7 to l9 1 0 . ’ 1 1 & ’ 12. 1913. ’ 14. '15. ’ 16
1917.
On common----- %/ 3 yearly
4 yearly. 4Y,.
5
5
5
Fob 1 f i
$1,250,000 set aside for 6% com. dlvs. Aug. 1916 to May 1917.
B O N DS.— The $6,000,000 4 Hs of 1909 have a sinking fund of $120,00„
per annum tor (lrst 5 years and $180,000 thereafter. No mortgage or pledgO
of assets can be made without equally securing the bonds, V . 88, p
104. 161. In 1911 sold $4,000,000 4 )* % deb. V.93. p.1671; V .0 4 .P . 283'’
R E P O R T .— For year end. June 30 1916, in V . 103. p. 1685. shows:
*
June 30 Years. 1915-16.
1914-15. I
1915-16.
1914-15.
Total income_$2,902,922 $2,834,733 P f. dlvs.(4 % ) $1,000,000 $1,000,000
Interest ,&c.,
IC o m .d iv .(5 % ) 1,250.000 1,250,000
charges----520,194
551,779|Bal., surplus. $132,728
$32,954
O F F IC E R S .— Pres., C. M in ot W eld; Troas., E . M . Richards; Soc.,
A . S. Bull. Office, M in ot Bldg., Boston. Old Colony Trust C o., transfer
agent and registrar.
T R U S T E E S .— Charles F . Adams 2d, W alter C . Baylies, Samuel Carr,
Robert O. Pruyn. Joseph B . Russell, Frederick E. Snow, Edwin S. Webster.
James L. Richards, C . M in ot W eld, Robert Winsor.— (V . 103, p. 1685.)
M A T H IE S O N A L K A L I W O R K S — (V . 104, p. 668.)
M A X W E L L M O T O R C O .. IN C .— O R G A N IZ A T IO N .— Incorp. in
Delaware Dec. 31 1912 as successor after foreclosure (plan V. 95, p. 1044,
1335, 1026) o f U. S. M otor Co. V . 90. p. 1177. 1494, 1618. 1682: state
ment Sept. 1910, V. 91, p. 868; V. 97, p. 1111. Output capacity was In Feb.
1916 being Increased to over 8,000 automobiles per month. V. 95, p. 1335;
V . 96, p. 1559. Real estate mortgages June 30 1916, $12,709. See appli
cation to list, V . 100. p. 52.
S T O C K .— First pref. is entitled to 7% cumulative dlvs. from Jan. 1
191.3 and subject to redemption at 105, with annual cash sinking fund begin
ning in 1915 equal to 1% o f the first pref., payable out o f the net profits
before paying any dividends on the stock. In connection with the discharge
o f the accumulated dividends on the 1st prof, shares, aggregating $1,749,
805 on Oct. 1 1915, It was voted N o v . 10 1915 to increase the authorized
1st pref. stock from $13,000,000 to $14,050,000. V. 101, p. 1555, 2148.
A ll three classes o f stock are vested in Charles H . Sabin, Harry Bronner
and James O. Brady, as voting trustees, for 5 years to Jan. 2 1918, subject
to the termination o f the trust at any time. V. 100, p. 52.
D IV ID E N D S .— Dividends on 1st pref., l j f % auar.. aud % % on ac
count o f accumulations, paid July 1 and Oct. 1 1915. In Doc. 1915 the
14)4 % accumulated divs. wero paid in warrants— see above, also below.
In Aug. 1916 declared payment in full o f all outstanding dividend war
rants on tho 1st pref. stock; also payment o f the full year’s dividends on 2d
pref. stock at rato o f 1)4% quarterly, beginning Oct. 2 1916; and quarterly
dividend o f 2)4 % on common stock, payable Oct. 2 1916. Over 90% o f the
1st pref. dividond warrants were converted into 1st pref. stock: tho remain
der not converted were paid on Sept. 1. V. 103, p. 497, 582, 669.
R E P O R T .— For fiscal year ending July 31 1916, in V . 103, p. 1029,1045:
Earnings Years ending July 31—
1915-16.
1914-15.
1913-14.
N e t, after taxes, & c-------------- ------- $5,531,034 $2,337,950 $1,430,444
Other income............ .........................
395,857
222,090
339,979
Gross Income__________________
$5,926,892 $2,560,040
Depreciation on buildings, & c____ . . .
$500,256
$256,726
First preferred dividend__________
x2,750,013(2)4)306,988
Am ount
Outstanding
Rale
%
$100 $12,778,058 See text
100 13,915,142 See text
100 110,127,468
7
100 15.000,000 See text
7,260,000 7 in 1916
100
6g
500 &c See text
(no bonds issued): also the $17,500,000 capital stock o f the N ew Eng
land Gas & Coke Co. and 23,000 shares East Boston Gas Co.
Citizens’ Gas Light Co. o f Quincy, Mass., was acquired in 1906 and lnl90S
control o f the Federal Coal & Coke Co. o f Fairmont. W . Va. (now held by
tho subsidiary Now England Coa & Coke C o .).
Also see “ Annual
R eport.” V. 82, p. 1443; V. 86. p. 1347: V. 91, p. 521. 1023; V. 88. p. 1133;
V .8 9 ,p . 1221; V .9 7 .P . 1356. Slidlng-scalo gas law to continue tlU Ju ly 1
1916. See V. 101, p. 1268: V. 82. p. 1270. Boston Consol. Gas Co. July 1
1907 reduced price o f gas to 80 cents. V . 84, p. 1555. In 1911 the subsidiary
N ew Eng. Coal & Coke Co.purchased 60% o f the stock o f the J. B. Coal
C o., owning 3,500 acres In West Virginia, and in N o v . 1914 increased its
own stock from $500,000 to $1,500,000. V . 93. p. 232; V . 99. p. 1455.
$1,770,423
$264,956
______
Balanco, surplus............................. $2,676,623 $1,996,326 $1,505,467
x Includes regular quarterly dividends o f 1)4 % and also for tho accumu
lated divs. on the first pref. stock $1,748,660, o f which $1,619,940 wero con
verted into first pref. stock during the year and $128,720 wero paid in cash.
For year ending July 31 1916 car sales increased 88% , over year 1914-15.
Saies for fiv e months ended June 30 1916. $11,314,214, against 58,788,017
O F F IC E R S .— Chairman, J. O. Brady; Pres., W alter E. Flanders*
D otroit; V .-P ., J. C. Jay Jr.; Troas., Carll Tucker, N . Y .; Com p., W . M Anthony, D etroit; O. F. W eber, V .-P .; Sec., L. W . Linaweaver. N . Y .
headquarters, 1808 B ’w ay.— (V . 103, p. 497, 582, 669, 1029, 1045, 2347.)
M A Y D E P AR TM E N T STORES CO.— O R G A N IZ A T IO N .— Incorporated
In New York on June 4 1910 and took over the .Shoenberg Mercantile Co. oi
St. Louis (operating the “ Famous’ ’). May Shoe & Clothing Co. of Denver.
Colo., and M ay Co. of Cleveland, O. V. 90. p. 1617
On Fel). 25 1911 ac
quired entire stock ($1,000,000 each of common and pref.) of VVm. Barr
Dry Goods Co. o f St. Louis. V. 92. p. 876. In June 1912 purchased the en
tire stock o f Boggs .feRuhl, Pittsburgh, Pa., but in Dec. 1915 sold same to
pay o ff entire floating debt. V . 100. p. 2075. In July 1912 purchased de
partment store business o f M . O ’N eill & Co. o f Akron, O .— see below.
V . 94. p. 1569; V. 95. p. 484.
Owns stock o f M ay Building Co. (Cleveland) and leases property for 30
years, rental providing for interest and principal o f $2,000,000 6% serial
??j?d3i P atur,n* S60.000 yearly in 1915 aud 1916, then $80,000 yearly to
1922, $90,000 in 1923 and 1924. $100,000 in 1925 to 1927. $120,000 in 1928
and 1929, $140,000 In 1930 and 1931 and $200,000 in 1932 and 1933.
Bonds red. at 103 on any Int. day beginning M ar. 1 1918.MV. 97, p. 51.
V . 98, p. 993. Purchase money mortgage payable Dec. 31 1915. $150,000,
Notes payable Jan. 31 1916, $1,000,000 against $3,025,000 In 1915.
S T O C K .— As to stock provisions, seo V. 94, p. 1569. 1768; V. 95. p. 484First quar. div. on common, 1% . paid Dec. 1 1911; 1912. 4)4%.: 1913 and
1914,o% (1 )4 % Q .-M .); 1915, March. 1)4% : Juno, Sept, and Dec.. )4 % ;
1916, M arch, June & Sept., J4%; D ec., 1)4 % . 1917, M arch, 1 )4 % .
R E P O R T .— For year ending Jan. 31 1916, In V. 102. p. 1160, showed
Total net profits. $2,187,065; bal. for divs. (afterdoprec., & c.). $1,730,542;
pref. divs. (7 % ). $534,187: com .div. (2)4% ).$412.500;bal..su r..$783,855.
Pres., D avid M a y . N . Y . office, 15 Broad St.— (V . 103, p. 1985.)
[Vol . 104.
IN D U ST R IA L STOCKS A N D BONDS
See text
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Jan 2 '17 2 H %
Jan 2 '17 1 H %
Jan 2 '1/ 1 M %
M a r 1 '17 \ \i %
Jan 1 ’ 17,1 H %
M ar 2 '17-'33
N ew Y ork
( ’ hecks mailed
N ow Y ork
Checks mailed
do
Cleveland and Chicago
Dec 1 1917
N ew Y ork
M E R C A N T IL E S T O R E S C O R P O R A T IO N . N E W Y O R K C I T Y . —
O R G A N IZ A T IO N .— Incorporated at Albany, N . Y ., Dec. 23 1914, In
accordance with the plan o f Sept. 25 1914 for the reorganization o f the dry
goods houso o f H . B. Claflin Co. (V . 99. p. 971, 967, 1302. 1454). W ill
supervise the 23 retail stores named below,owning their entire sharo capital
acquired with the other assets at receiver’s sale Jan. 14 1915 (V . 100, p. 32).
Also holds, with other assets (a) the $6,000,000 stock o f the now H . B.
Claflin Corporation, tho new wholesale concern; (6) Entire capital stock o f
M cC reery & C o., Pittsburgh; Wilkes-Barre D ry Goods Co. and M acOullum & Cloutier Mercantile C o.. Anaconda. M on t.
C A P I T A L S T O C K — T R U S T E E S .— Th e entire stock (1,000 shares, no
par) Is held by the following trustees for benefit or holders o f new collateral
notes: James S. Alexander, Pres. N a t. Bank o f Commerce, N . Y .; Ernest A .
Hamill. Pres. Corn Exchange N at. Bank. Chicago: John W . T Nichols,
o f M in ot, Hooper & C o., N . Y .; Philip Stockton, Pres. Old Colony Trust
C o.. Boston, and Henry W . Howe, o f Lawronco & C o., Boston and N . Y .
Whenever the collateral notes and othor obligations o f the Mercantile Stores
Corporation shall be paid in full, this stock is to be turned over to the
present H . B . Claflin Co. (o f N . J .), which will continue in existence. See
also V. 99. p. 967, 971.
C O L L A T E R A L N O T E S , & C.— Under the H . B. OlaBln Co. plan o f 1914,
the holders o f substantially all o f the Indebtedness then existing assented to
adjustment, the debts o f the H. B. Claflin Co. and its endorsements for the
23 retail companies, as reduced to about $38,700,000. being exchanged for
15% cash and 85% In the 3-year collateral trust notes below described.
In Doc. 1915, while current earnings wero favorablo, it was thought ad
visable to defer the question o f intorest payments on the collateral notes
till end o f season, Jan. 31 or possibly till July 31, when first fu ll year under
now management w ill end. V . 101, p. 1889.
Description o f Mercantile Stores Corporation Notes.— Threo-year collat
eral trust notos in registered form, dated December 1 1914, to "boar
intorest at not exceeding 5% per annum, interest payable, however,
prior to maturity, only out o f income,” such notes to bo Issued in 24 separate
series (V . 99. p. 972), Series N o. 1 for about $8,000,000, delivered to the
general creditors o f the I I . B. Claflin C o., and each o f the othor 23 series
delivered to the holders o f ondorsed notes o f the 23 companies, Series 2 for
85% o f H . Batterman Co. notes. Series 3 for 85% o f J. Bacon & Sons notes,
and so on. Upon consent in writing o f a m ajority In number and amount
o f the collateral notes o f all o f the series then outstanding, the trustees m ay
extend the time o f maturity o f all series not to exceed two years. In case
for ono year 5% interest on any particular series o f notes remains unpaid,
the trustees, upon tho written request o f holders o f 75% in number and
amount o f the outstanding notes o f such series must sell the stock deposited
to secure that series or sell the assets o f the company the stock o f which is
so pledged: and distribute the net proceeds pro rata among the holders o f
tho notes o f such series. Tho trustees may also at any time dispose o f the
caDital stock o f any o f the retail cos. and similarly distribute the proceeds.
Following are the note issues Series 1 to 24, o f tho Mercantile Stores
Corporation,'secured respectively by pledge o f tho entire capital stock o f the
soveral retail stores (see V. 99, p. 967) and for the Claflin issue, by $1,000,
000 o f the $6,000,006 stock o f tho new Claflin Corporation (see V.102,p.253).
Notes, Payment Account Principal, and Present Notes.
Note Issues (compare V . 99, p. 972,
Notes. Paym'l Acct. Notes.
967)—
Original A m t. P rln . A m t. F e b . 'l l .
1. I I . B. Claflin Co., N . Y . (V . 102,
8% $6,126,991
05
p. 253; V . 98. p. 223)................ $6,659,772 88
2- II. Batterman Co., Bklyn., N . Y .
814,949 63 8%
749,75368
3. J. Bacon & Sons, Louisvillo, K y _ .
1,985,674 28 8%
1,820,82034
4. Bedford Co.. Brooklyn. N . Y ____ 1,072,078 34
8%
980.31227
5. Castner-Knott D . G. C o., N ashv.
564,747 11 8%
519,56744
6. M . J. Connell Co., Butte.............. 1,000,941 73 8%
920,86652
7. Defender M fg . Co., Now Y o r k . . . 1,200,855 86 J 8%
\
639.34420
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
Fair Store C o., Cincinnati............ 1,541,722 51
Hennessy Co., B utte____________ 1,612,330 64
Jones Store Co., Kansas C ity ____
521,544 60
Joslin D ry Goods Co., Denver___
586,240 14
Klino Bros., Altoona, Pa_________ 1,275,617 37
Lion D ry Goods Co., Toledo. 0 _ _ 1,744,636 09
Lord & Gage, Reading, P a .......... 1,161,313 28
M acD ougall& Southw.C o ., Soattlo 1,642,510 31
The M cAlpin Co., Cincinnati____
414,159 57
Montgom ery (A la.) Fair.............. 1,095.573 12
People’s Store Co., Tacom a........ 1,647,811 80
Root D ry Goods Co., Terra Haute 1,168,625 07
Spring D .G . Co., Grand R a p id s.. 1,053,714 19 1
21.
22.
23.
24.
Thos.C.W atkins,Ltd.,H am .,O n t. 1,107,972 42
W att, Rettew & Clay, Norfolk, Va. 1,092,906 93
J. B. White & Co.. Augusta, G a ._ 1,473,031 46
Whitehouso Co., Spokane_______
846,873 78
T o t a l .............................................. $33,291 603 13
x Reduced 22M % in Jan. 1917; V . 104, p. 76.
1,418,384 67
1,483.344 19
479,821 04
539.340 89
1,173,568 03
1.605,065 26
1,068,408 29
1,511,109 02
381,026 80
1,007,927 39
1,515,987 24
1,075,135 09
\ £729,097 13
ij
1,019,334 05
1.005,474 44
1,355,188 95
779,123 93
$29,S17,593 12
On June 26 1916 tho company paid on presentation 8% on tho principal
o f all the $32,972,000 notes o f 1914 out o f tho proceeds o f “ freo assets,”
as distinguished from the collateral. Seo V . 102, p. 2346.
Security for New Notes— Collateral to Be Deposited under Trust Agreement'
(1) Series 1 notes are secured by one-sixth ($1,000,000) o f tho capital
stock o f the new H . B. Claflin Corporation (wholesale co.) (V . 100, p. 477).
(2) Each o f the remaining 23 series o f notes are socurod by the entire capi
tal stock o f the particular retail company which executed tho notes ex
changed for tho now notes. Thus: Series 2 are securod by tho entiro capita
stock o f the H . Batterman C o., Series 3 by entire cap. stk. o f J. Bacon&Sons.
Source of Income Applicable to Interest and Principal o f New Notes.
' For Series 1.— Dividends upon $1,000,000 stock o f II. B. Claflin Corp.
For Ser. 2 to 24.— Dividends upon stock pledged to secure tho sorles.
. . For Series 1 to 24.— A t one common rate for all series, dependent upon
ncome, the earnings o f (a) Mercantile Stores Corporation on Its unpledged
investments and property, such as $5,000,000 capital stock o f H . B. Claflin
Corporation, and (b ) other unpledged assots shown under “ Organization’
above and all tho various equities in real estate and othor assets.
(d) For Series 1 to 24.— Dividends upon the capital stock o f any or all o f
the 23 retail companies after payment In full o f tho notes for which said
stock is pledged. V. 99. p. 540. 676. 897. 967. 971. 1217.
D IR E C T O R S nominated by the trustees: James S. Alexander, Henry D .
Cooper. Gates W . McGarrah, Oorrish H . M illlken and Albert H . W iggin,
all o f N . Y . C ity; M urray Carloton o f St. Louis; and Alexander N ew o f
F e b ., 1917. J
M IS C E L L A N E O U S C O M P A N IE S
[F or abbreviations, &c., see notes on first page]
Mergenthaler Linotype— Stock authorized $15,000,001)........
Mexican Petroleum Co., L td .— Common stock, $48,000,000.
Pret (a & d) 8% non-cum $12,000,000.................................
1st lien and ret convm tge gold sink fd red 105____Qxc*&r*
M exican T e leg ra p h C o— Stock authorized $5,000,000______
M ich S ta te T e le p — Common s to c k ..______ ________ ________
Prof 6% cu (a & d) $4,000,000 rod any Peb 1____________ c*
Michigan Telephone llrst mortgage gold________________ zc*
Michigan State Telephone 1st mtge $10,000,000 g .-O B xc*
Detroit River Telephone Co 1st M _______________________
M id d le W est U tilitie s Co— Common stock S12.000.000___
Preferred stock 6% $12,000,000.............. ............ .............
Collateral bonds gold red text______________________ IC xc*
M id vale Steel & Ord C o — Stock $150,000,000 (V 102 p 715)
Collateral Trust conv s fd bonds, call, at 105 (toxt) G c*& r*
Milwaukee Qas-Light— First mtge g $10,000,000 red 110. -Ce
M in n ea polis G en Elec— See Northern States Power Co
Mississippi Valley Gas & El Co— Coll tr bonds red 102 t e x t ..z
Date
Donas
Par
Value
V . 86, p
921. 110.3: V . 88
Rate
%
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
Tribune Building, N Y
Los Angeles, Cal.
Los Angeles, Cal
Guaranty Trust C o, N Y
O ffice, 66 B 'w ay, N Y
Checks mailed
Guaranty Trust Co, N Y
HarrlsPorbes& Co.NY& B
D etroit Trust Co, D etroit
1915
6 In" 1916
5g
5g
6
See text
6 In 1916
6g
1916
1902
T g " "
4 g
to u/o
Aug 30 T3 1H
Jan 2 1917 2%
Oct 1 1921
See text
Sept 1914 1H
Q— M30~ Dec 30 T6. I K
J
& J July 1 1917
F & A Peb 1 1924
M & S Sept 1 1930
text
A pr 2 1917
Q— M
See text
J & J Jan 1 1925
Q— P
Peb 1 1917 3%
M & S M ar 1 1936
M & N May 1 1927
M
Chicago (C C ) & N Y (Q )
1911
1897
1904
1910
1912
p. 380. 1005; V . 92, p. 600.
- R E P O R T .— Roport for year ending Dec. 31 1916 showed: gross earnings,
$7,360,690; net, $1,157,603; oth. income, $40,085; int., rents. &c.. $701,297
P rof-llivu ., $240,000 (6 % ); balance, surplus, $256,391.
O F M C E R 3 .— Pres.. B. E. Sunny; V .-P ’s., Dudley E. Waters. Alonzo
Burt (also Treas.) and Iloraco F. Hill; Sec.. W . I. Mizner; Gen. Aud., B. S.
Oarvoy. Offico, Detroit.— (V . 100, p. 984, 1912; V. 102, p. 1064, 1717.)
A lID D LE W E S T U T I L I T I E S C O .— A holding company Incorporated
by the InsuU Interests of Chicago In Delaware M a y 1912.
Principal Operating Subsidiaries (V . 102. p. 2251).— Central 1 1 Public Sor
1.
'd 06 Co., United Gas & EL Co. o f Now Albany, Ind.; Louisville & Northern
R v . & Ltg. Co.; Louisville & Sou. Ind. Traction Co.; Tw in Statos Gas &
E ,O o . o f
Yrv?^ VtVr.n'\c M arq. Co. Gas & El. C o., Illinois Northorn
Utilities C o., \ . 103, p. 496 (see these cos. in “ Elec. R y . S ec."); Intor-Stato
Public Sorvico Co., W 94, p. 1157. 1701; Kentucky Utilities C o., V. 99. p.
1532; Central 1 . Utilities C o., V. 95, p. 1748: V. 100, p. 1595: M o. Gas &
11
El. Service Co.; Public Sorvico Co. o f Oklahoma, V. 101, p. 923; Constan
tino Hydraulic C o., V. 96, p. 363: Nebraska C ity Utilities Co.; Southern
Indiana Power C o., V. 100, p. 2006; V. 93, p. 168; Ohlckaslia (Okla.)
Gas & Electric C o., V. 101, p. 532; Electric Transmission Co. o f Va.,
V. 102, p. 254, 440, and Ionncssee Public Service Co.; Southern Wisconsin
Electric Co. Acts as operator for Groat Lakes Power Co., L td ., Sault
Sto. Mario. V . 102, p. 1814.
S T O C K .— Common and 6% pref., $12,000,000 each; outstanding, com
mon. $9,050,300; pref., $10,032,100. Divs. on pref., Sopt. 1912 to M ar.
1917, 1 H % Q .-M . In Jan. 1917 declared an initial cash dividend o f 2%
Amount
Outstanding
Q— M
12H1916
Q— M
See text
8
Quar.
6g
A & O
10
Q— J
N Y
C ity. Pros. N . Y . offico. 220 5th A ve. Pros, o f H . B . Olalfin
Corp., H . P . Bonties.— (V . 101, p.452. 1889; V. 102, p. 2346; V. 104, p. 76.)
M ERC 1EN TH ALER L IN O T Y P E C O .— Roport for 1915-16 In V. 103,
p 1884. showed, net. $1,898,200; divs. (1 0 % ). $1,279,990; bal., sur.,
$618 210. Controls British L in o ty p e * M achinery, L td .,an d Mergonthaler
Setzmaschlnen Fabrik. V. 88, p. 509, 567, 948, 689. Decision D ec. 1914,
V . 100, p. 58, 234.
D IV S .— / 1895. ’96. ’ 97. ’ 98-’00. '01. ’02-T3. T 4 . ’ 15.
1916.
Per cont____t 10 H
16 lf>H 2 0 y ly 13 H 15 y ly . 14H 10 2 H .2 H .2 H . 5
In Dec. 1916, 2 H % regular and 2 H % extra was paid.— (V . 101, p. 1717,
1803; V. 103. p. 1884. 1892.)
M E X IC A N L I G H T & P O W E R C O — (V . 101, p. 776: V . 103, p. 65.)
M E X IC A N P E T R O L E U M CO., L T D ., O F D E L.— O R G A N IZ A T IO N ,’'
&c.— lncorp. in Del. Peb. 16 1907. Holds 99% o f outstanding stock o f M ex
ico Petroleum Co. o f Calif, and entire stock o f lluasteca Petroleum C o.,
Tamlahua Petroleum Co. and Tuxpam Petroleum Co. Thus owns or controls
600,000 acres, 75% owned in fee and the remainder under leases with an
aggregate rental of less than $20,000 yearly. V. 91. p. 1450; V. 94, p. 355.
Petroleum Transport C o., V. 96, p.206: V. 97, p. 526, 668. V. 100. p. 1514
In Juno 1916 thonow Pan-American Petroleum & Transport Co.(which see)
had acquired control. V. 102, p. 715. N ow tankers, V. 103 ,p. 1596.
S T O C K .— On Doc. 31 1912 authorized an increase in the common stock
from 838.000.000 to S48.000.000. V. 96. p. 1844: V. 95. p. 1687.
D IV ID E N D S .— On common, 1% , 1910 and 1911; 1912, 4% ; 1913, 4% ;
V . 97, l). 1359, 1429. Dividends on pref. stock were resumed A pr. 1 1916,
2% boing paid. July, 2% . Oct., 2% . 1917, Jan., 2 % .
B O N D S . — The 10-year convertible First Lion and Ref. 6s are limited to
812,000,000. Outstanding J u n e 24: 1916, 8942,000 scrios A , $888,520
(£183,200 sterling) scries B and $1 123 000 serios C. T h e bonds o f each
sories are convertible at option o f nolaer into common stock between Oct. 1
1913 and Apr. 1 1921, and up to 30 days prior to date o f redemption, if
called, “ A and C being convertible .$ for $ and “ B ” on basis o f $1,000
common stock per £200 sterling plus $30 cash. The bonds unissued are
reserved to retiro the lluasteca Petroleum 20-yoar Coast Pipe Lino 6s due
July 1 1919 and joint -0-year lluasteca Petroleum and Mexican Petroleum,
L td ., o f Del. Os, duo Apr. 1 1928 (o f which only $675,500 and $269,400,
respectively , aro in the hands o f the public, the remainder being held by tho
consolidated cos.), and the balance for not over five-sixths o f tho cost o f
acquisitions and capital expenditures. Each series has a sinking fund.
Tota l redeemed and canceled, $2,986,480. V. 99, p. 1134; V . 94, p. 355;
V . 96, p. 206.
R E P O R T .— Report for cal. year 1915 at length in V . 103, p. 319, 327:
1915.
1914.
,
1915.
1914.
Oil sales........ 55,236,137 Bond interost.
$280,139
$330,232
?3-093’,2S8|Bal.. surplusl$2,888.'l01 $2.763;056
O F F IC E R S .— 1 res., E. L. Dohony; V.-Ps., C. E. Harwood, II. G. W ylie,
N o r m a n Bridge ( & Proas.) ; J . M . Danzigor, J. S. Wood; Sec., O. D . Ben
nett. Offico, Los Angeles, C al.— (V . 103, p. 319, 327, 1596; V. 104, p. 668.)
— Company organized In 1878 under laws of
N . Y . State, lia s 2 cables from Galveston, T e x ., to Vera C ruz, M e x .. total
length, 1,397 miles; land lino, Vera Cruz to M exico C ity , 267 miles. Also
direct cable from Galveston, Tex., to Coatzacoaleas, M ex., 825 miles,
duplicating the M ex. T el. and Gent. & So. Am er. C o.'s Gulf cable system.
Owns part (738 miles) or now cable completed Aug. 1907 between N ew Y ork
and Colon, Isthmus o f Panama, remainder being owned bv Cont. & Sou.
Am er. Tel. Co. V . 84. p. 1117. Also owns 738 milos northorn end now
duplicate Now York-Colon cable laid July 1915. Owns 6,528 shares of
Cont. & So. Amor. Telegraph C o., which seo.
D IV ID E N D S .— In 1882 to 1886, lncl., 8% yearly; from 1887 toJan.
1917, both Inel., at rate of 10% per annum (2 H % Q.-.T.); also June 1 1906
50%, and Juno 1 1909, 25% in stock. In Fob. 1917 a stock dividend o f
39% was declared from accumulated earnings, payable April 1 to stock
holders o f record Feb. 5. increasing tho outstanding stock to $5,000,000.
See full statement, V. 104, p. 568. V. 82, p. 1104. 1.384- V 88 n 1134
E A R N IN G S . For 3 and 12 mos. to Dec. 31 (partly est.) and cal. years:
Cross.
Net.
Alex. Covt. Dividends Dal Sur
1916, 3 m os------ $300,250 $251,385
$7,500 (2H )$ 89 735 $154 150
1915,3 mos------242,560
221,614
10 000 2 H ) 89 735
*121 879
1916, 12 m o s . .. . 1,099,465
928,600
29 500 10) 358 940
540 160
1915, 1 2 m o s -...
985.696
894,950
47 000 10) 358 940
489 010
Total surplus Dec. 31 1916, $5,412,198. V. 104 p 76 '
8U,U U
J. A . Scrymser, Pres., 66 Bway, N .Y .— (V.103, p.1415; V.104, p.76,565.)
All AM I C O P P E R C O.— V. 103, p. 941; V. 104, p. 76. 457.
A lIC H IG A N L I G H T C O.— Soo "E lectric Railw ay Section.”
M IC H IG A N S T A T E T E L E P H O N E C O .— O R G A N IZ A T IO N .— Incor
porated in Michigan in 1904 (V . 75, p. 33, 1034). In Jan. 1917 Am . Telep.
& Tolog. Co. owned $1,803,200 pref. and $5,993,600 com. stock. V . 91.
p. 218; V. 95, p. 484, 622: V. 96, p. 949; V. 97. p. 179. 369.
D IV S .—
’08. ’09. TO. ’ l l to M ar.'12. Sept. T 2 to Sopt. T 4 . Dec.'16.
Common stock 4
6 6H
7 % p eran n .
------ 6 yearly.-----1H
BONDS.— Of the bonds. $285,000 are reserved to retire the old 5s due
1917.
173
IN D U STR IAL STOCKS A N D BONDS
&
N May 1 1922
N ew Y ork and Chicago
N ew Y ork
Emerson M cM llIln & Co
on tho common stock, payable in quarterly Installments o f H o f 1% , be
ginning April 2, and a stock dividend o f 2 % , payable 1% semi-annually in
A p ril and O ct. 1917. V . 104. p. 457, 668, 559.
Tho subsidiaries are independently financed by soiling bonds on the prop
erties they respectively operato, tho junior securities being “ etained by the
r
M iddle West Utilities Co. and representing its permanent equity in them.
B O N D S , & c.— Th e 3-year 6% notes dated June 1 1913 were all paid
o f f at or before maturity June 1 1916. leaving the $6,500,000 bonds below
mentioned, the only funded obligations.
Tho 10-year 6% collateral gold bonds o f 1915 have (a) their issue limited
to 75% o f tho company's capital stock at any time outstanding; (b) aro se
cured by bonds which are a mortgage on the property o f subsidiary compa
nies, tho earnings o f each o f which at time o f pledge are required to be at
least 1H times the annual interest charge on all mortgage debt o f such com
pany; (c) aro rodeemablo at 102 H on interest dates to April 1 1922 and at
101H thereafter. In 1916 $4,500,000 o f tho bonds were placed to provide
for notes due Juno 1 1916 and reimburse tho treasury for improvements,
&c. This made tho outstanding issue $6,500,000. V. 102. p. 609.
On April 30 1916 there were also outstanding $988,000 collateral loans
nd $699,032 deferred payments on purchase contracts, the latter due part
yearly (V . 102, p. 2251).
R E P O R T .— For year ending A pril 30 1916, in V . 102, p. 2251.
---- Sub. Companies--------- M iddle TVesl Co.—
* A fter ml sc. int.
1915-16.
1914-15.
1915-16.
1914-15.
Gross earnings......................$8,091,149 $7,634,745 $1,642,6S6 $1,528,855
N et. after expenses.............. 3,077,761 2,757,728 *1,329,861 *1,196,604
In t. on collateral notes and bonds__________________
328,575
215,287
D IR E C T O R S .— Samuel Insull (Pres.), M artin J. Insull and John F *
Gilchrist ( Vice-Pres’ts ), Frank J.B aker, Edward J. D oyle (S ec.).L ou is A Ferguson, W m . A . Fox, John H . Gulick, Frank T . Hulswit, L . E . M yers.
O. A . Munroe, F . S. Peabody, Edward P. Russell, Marshall E . Samsel and
Frederick Sargent. R . W . W aite, Treas.— (V . 103, p. 497, 1892; V . 104,
p. 457, 559, 668.
M ID V A L E S T E E L & O R D N A N C E C O .— Incorporated In Delaware
on Oct. 5 1915 (V . 101. p. 1192, 1276) with $100,000,000 o f auth. capital,
all o f ono class (par $50), and took over 99% o f the $9,750,000 capital
stock o f the M idvale Steel Co. (V . 101, p. 1095), the entire share capital
o f Remington Arms Co. (a new concern then building a plant at Eddystone,
P a .), and Worth Bro3. Co., all o f tho properties o f OoatesvUle Rolling M ills
(operated by the Worth Bros. C o.), and all o f the cap. stock o f the Buena
Vista Iron C o., owning extensive iron ore properties in Cuba. In Fob. 1916
had steel capacity o f 2,840,000 gross tons per annum and through the Rem
ington Arms Co. o f Dela. had British rifle contracts amounting to $60,000,
000. In Dec. 1916 this contract having proved burdensome, was modified.
V . 103, p. 2082. See V. 101, p. 1977; V. 102, p. 256, 715. In M a y 1916
purchased property o f Diamond State Steel Co. at W ilm ington, D el., and
reorganized same as Wilm ington Steel Co. V . 102, p. 1901.
On N o v . 1 1916 took over the Union Coal & Coke C o., with mines at
Marianna, P a ., covering about 5,200 acres o f coking coal and in Jan. 1917,
it is said, the adjoining 16.000 acres owned by the Pittsburgh-WestmoreIand Coal Co. V. 104, p. 76.
In Feb. 1916 the company contracted (seo V. 102, p. 613) to purchase at
$81 a share (par $50), a m ajority o f the $45,000,000 stock o f the Cambria
Steel Co. (which see), and to take the remaining sharos at tho same price.
T o finance this purchase: (1) there was authorized an issue o f $50,000,000
o f M idvale 20-year 5% collateral trust sinking fund gold bonds, convertible
Into stock at any time at price o f $100 for a $50 share (o f theso bonds $45,
736,000 were issued and sold); and (2) there was underwritten and offered
to shareholders at $60 a share $25,000,000 o f stock, making $100,000,000
stock outstanding. V. 102, p. 715.
D IV ID E N D S .— N o. 1, 3% Feb. 1 1917.
B O N D S .— Th e bonds o f 1916, $50,000,000 auth., are convertible at
option o f holder into capital stock o f the M id vale S. & O. Co. at the rate o f
10 sharos o f stock (par value $50) for each $1,000 o f bonds. I f called for
redemption, bonds are convertible until within 30 days o f redemption date.
A cumulative sinking fund o f $500,000 per annum to acquire bonds at not
exceeding 105% is to begin M a y 1 1917. Redeemable in part at any time
at 105% and int. for the sinking fund, or as a whole, after March 1 1920 on
any interest date on 60 days’ published notice. V. 102, p. 715, 804, 1064.
Theso bonds are secured by pledge o f all the capital stock o f Cambria Steel
C o: acquired or to be acquired.
E A R N IN G S .— For year 1916 (D ec. est.), Including sub. cos.:
Afar. 31 T6.Jime30T6.Sepl.30T6. Dec. 31 '16. Year 1916.
Quarters Ending:
$
$
$
$
$
8,548,393 9.636,521 13,408,259 38,061,276
N e t earnings----------- 6,468.103
In t. on sub. cos.,
mtgos., bds., &C-. 104.336
150,325
120,853
174,283
549,797
Balance-------------6.363,767 8,398,068 9,515,668 13,233.976 37,511,479
Deduct— Int. on M id v. S.& 0.bds.,$1,816,736;deprec.,$3,525,579 5,342,315
Balance, surp., for year end. Doc. 31 '16 (D ec. estim ated)___$32,169,164
Tho 3% quarterly dividend paid Fob. 1 1917 called for $3,000,000, or at
rate o f $12,000,000 annually.
Directors.— W illiam E. Corey, Albert H . W iggin, Samuel F. Prvor, A m
brose M onell, Frank A . Vanderlip, A lva C. Dinkey, Samuel M . Vauclain,
William P . Barba, Percy A . Rockefeller. Charles H . Sabin, Marcellus
H artley Dodge. J. C . N eale, E. E . Slick, W . B . Dickson and Frederick W .
Allen. Pres., W . E. Corey: V .-Ps., A . C. Dinkey, W m . B. Dickson (and
Treas.); Sec., D . B. G ehley.— (V . 103, p. 761. 1690. 2082, 2159; V . 104, p.
76.)
M ID W E S T R E F IN IN G C O ., D E N V E R , C O L O .— (V . 102. p. 710. 980.
1064; V . 103. p. 65, 2434.)
M IL L E R R U B B E R CO .. A K R O N , O .— V . 102. p. 1901.
A IIL W A U K E E Q A S L I G H T C O .— See page 207.
M IN N E A P O L IS (M IN N .) G A S L I G H T C O .— V . 102. p. 441.
M IS S IS S IP P I R IV E R P O W E R C O .— V . 102, p. 1166, 1892.
M IS S IS S IP P I V A L L E Y QAS & ELE C TRIC C O — O R G A N IZ A T IO N .—
lncorp. in Maine May 23 1912 to acquire the securities and assist in the de
velopment of electric, gas, railway and water-power properties. Controls,
in conjunction with the Standard Gas & Elec. C o., the Louisville Gas & Elec.
Co. Controlled by the Standard Gas & Electric C o., which guarantees
prin. * int. o f the $5,000,000 present issue o f 10-yoar 5% coll, trust bonds,
secured by pledge of $4.5OO,O0O pref. and $2,600,000 common stock of the
Louisville Gas & Elec. Co. (outstanding issues, $10,907,000 and $6,448.
900, respectively). V . 94, p. 1252, 1510.
174
M IS C E L L A N E O U S C O M P A N IE S
[F or abbreviations, & c., see notes on Hrst page]
M itch ell M otors Co In c— Stock 125.000 shares no par value
M oline P lo w Co— Common stock $21,000,000 a u th _________
1st pref stock (a & d) 7% cum $7,500,000 red text_________
2d pref stock 6% non-cum $1,500.000_____________________
M on tan a Pow er Co— Common stock $75.000,000 auth____ .
Prof (a & d) stock 7% red 120 after 3 years $25,000,000.
Butte E lec& P 1st M g s f duo part y ’ly June 1 Usm.xc*
Montana Power Transmission S750 000 g gu call 105___ x
Madison River Power 1st M $5,000,000 g gu call 105___ x
Great Falls Pow Co 1st M $15,000,000 call 107)4 -B a.xc*
First & R e f M $75,000,000 g red 105 beg July ’ 18 s f.Q ,y c * r *
M o n tg om ery W ard & Co— Common stock, no par va lu e..
P re f stock 7% cum $10,000,000 red text__________________
M W Warehouse Assn, K O, pr stk 6% cum (a&d) s f redllO
Montreal Light. Heat & Power— Stock $22,000,000_________
First & coll trust mtge $7,500,000 g red 105 since 1912..c*
Lachlne mtge $4,000,000 gold s f red 105 after 10 y ea rs..c*
P rov L . H & P 1st M g gu p & 1 s f red 105 since Sept 1911
Cedars Rap M fg & Pow Co 1st M $15,000,000 g s f c a ll-.c *
M organ & W r ig h t— Debentures gold guar call at 105____ c
Morris & Co— First mtge $25,000,000 gold red 103..FC.xc&r
Date
Bonds
1901
1903
1005
1911
1913
1902
1903
1900
1913
1915
1909
P ar
Value
Amount
Outstanding
None
125,000 slis
$100 $10,000,000
100
7.500.000
100
1.600.000
100 See text
9.671.800
100
4.095.000
1,000
500 &c
544.000
2.192.000
1,000
4.519.000
1,000
100 &c 17.010.000
sh. 300.000
100
5,000,000
1.000
750.000
100 18,778,266
1,000
7.013.000
1,000
3.139.000
* &£
1.436.000
500 &c 11.467.000
$1,000 $5,000,000
1.000 11.100.000
B O N D S .— O f the 10-year 5% coll, trust bonds ($10,000,000 auth. Issue).
$5,000,000 can only bo issued for 80% o f the cost o f additional collateral
— (V . 94. p. 1630; V. 95. p. 300.)
M IT C H E L L M O T O R S C O „ IN C .— O R G A N IZ A T IO N .— Incorporated
in N . Y . July 15 1916 to acquire- (a) tho business o f tho Mitchell-Low Is
M otor C o., founded in 1903, and building tho M itchell automobilo; (b) the
plant o f the M itchell Wagon Co. Output o f M itchell cars: 82 in 1904, 6,186
In 1915: year ending Oct. 31 1916, at least 10,000 cars: yoar ondlng Oct. 31
1917, estimated, 20,000.
C A P I T A L IZ A T I O N .— Consists o f 125,000 shares o f capital stock having
no par value. Tho financing at organization, handlod by Ladonburg,
Thaimann & Co. and A . G. Becker & Co., provided ample working capital
and leaves tho company free from mortgago dobt. V. 103, p. 243.
Dividend N o . 1 quarterly $1 50 was declared Oct. 20, pay. N o v . 24 1916.
1917, Fob. 24, $1.50.
R E P O R T .— In V . 104, p. 660. showed net earnings for 5 mos. ended
Oct. 31 1916, $549,119: dividend ($1 50 p.s. paid N o v . 24), $187,500:
bal., sur.. $361,619.
Pros., II. O. M cLaren, Racine, W is.— (V . 103, p. 65. 243, 1511; V . 104,
p. 565, 660.)
M OBILE ELECTRIC CO.— See Standard Gas & Eleotrlc Co.
M O L IN E P L O W C O .— O R G A N IZ A T IO N .— Incorporated in Illinois
in 1870: business established in 1865: large manufacturers o f agricultural
Implements. See plants in V . 96. p. 290: V . 98, D. 69. N o bonded debt.
Bills payable July 31 1916, $1,905,000.
S T O C K .— Common stock au th.,$21,000,000: outstanding,$10,000,000,
Th e first pref. stock (issued in Jan. 1913) is subject to call as a whole on 60
days 'notice at 115 (on dissolution at 110) and accumulated divs. First
pref. stock is entitled to a m ajority o f board in case o f 6 mos.' default on
anv quar. div. thereon, or o f failure for one year to have not quick assets
I . 4 times the amount o f 1st pref. N o mortgage thereafter without consent
o f 75% o f the first pref., and no first pref. beyond $7,600,000 without
consent o f 60% o f first pref. Otherwise the first pref. stock has no voting
power. V .!96, p. 290.!Div. on 1st pref., 1*4% quar., Juno 1913 to Dec. 1916
Inch On 2d prof., 1)4% quar., June 1913 to Sept. 1914, then none till
Sept. 1916, whon 6% was paid. Tho common stock dividends also sus
pended in 1914. were resumed Oct. 15 1916, when 2% was paid.
R E P O R T .— For year ending July 31 1916 in V . 103# p. 1590:
Fiscal
Net
1st pref.
2d pref.
Common
Balance,
Year—■
Income. D iv. (7 % ). Dividends.
Dividends.
Sur. or def.
1915-16 ...$1,034,552 $525,000 (6) x$90,000
(2)$200,000 sur.$219,552
1914-15 . . .
524,946 525,000 (1J4) 22,500 (1)4 ) 150,000 def. 172,554
x Paid aftor closo o f yoar and not shown in annual report.
Bills payable July 31 1916, $1,905,000.
D IR E C T O R S .— G. A . Stephens. F . G. Allen. O, R . Stophons, G. H .
Huntoon, L . C. Blanding, J. 1/. Irvin g, G. E . Huntoon, R . W . Loa, O. H .
Selffert.
G. A . Stephens is Pres.; F. G. Allen, Gen. M gr. & V.-Pres.;
C. R . Stephons, Sec.; II. S. Lord, Troas.; L . C. Blanding, Asst. Sec.—
J. L . Hammerich, Asst. Troas.— (V . 103, p. 1305, 1415, 1590.)
M O N T A N A P O W E R C O .— O R G A N IZ A T IO N .— Incorporated In New
Jersey Dec. 12 1912 as a consolidation, per plan V. 95, p. 1334. Supplies
to large mines, various cities, & c., and has contracts to furnish electric power
for operation of 430 miles o f main line o f Chic. M il. & St. Paul Ity. between
H arlowton, M o n t., and A very, Ida., now in operation. V . 96, p. 138.
Tota l present capacity o f all plants controlled, 212,000 h.p. (Montana
Power system, 65,000 h.p.: Great Falls Power C o .,120,000 h.p.: Thompson
Falls Power C o.. 27,000 h.p.); present output, maximum, 200,000 h.p. (avge,
132.000). Est. capacity o f water power sites, undeveloped and in course
o f development, about 242,000 h. p., o f which it is expected about 80,000
h. p. w ill have been developed by 1917, making a total then developed of
about 279.000 h .p ., and total capacity developed and undeveloped, 442,000
h. p. Volta plant, 80,000 h. p., now available. V. 102, p. 441. See
official statement, V . 96, p. 1017; V . 98, p. 455, 159; V . 100, p. 976.
S T O C K .— O f tho $49,407 500 issued common stock, $22,500,000 is
to bo entitled to divs. from timo to timo only, as follows: On Juno 2 1916 in
stallment N o. I, 25,000 shares, and thereafter 30,000 shares on each Juno 2
in tho years 1917 to 1921, inclusive, making a total o f 175,000 shares. Thu
remaining 50,000 shares w ill become dividend-bearing, 25,000 shares on
M a y 1 1917, six months after delivery o f power under tho contract between
tho Thompson Falls Power Co. and tho Chicago M ilw . & St. Paul R y . Co.
and 25,000 shares ono year thereafter. See V. 96, p. 1017; V. 98, p. 456;
V . 95, p. 1611, 1687.
Dividends paid on prof, in full to Jan. 1917. On common, A pril 1913
to Oct. 1915, )4 % quar.: Jan. and A pril 1916, H % ; .Tulv div. was increased
to 1%; Oct. 1916, 1%: 1917, Jan., 1% . V. 102, p. 1991,2346.
B O N D S .— Th e First and R ef. 5s ($75,000,000 auth. issuo), o f which
$17,040,000 have been sold for construction and to retlro underlying
bonds and $2,818,000 are now in tho treasury o f the company; is now
a first lien on about 58% in capacity o f the present developed power
plants, 47% o f tho present transmission lines and 84% o f the undeveloped
water powers, and upon completion o f tho now power plants now under
construction w ill he a first lien on a much largor percentage of total power
plants and transmission lines. O f tho remaniing bonds (a) $11,375,000
reserved to retire, par for par, all outstanding underlying bonds; (6) not
exceeding $2,925,000 Issuable for tho actual cost after Oct. 1 1913 o f certain
dams, hydro-electric plants and transmission lines under construction or
about to bo constructed; and (c) remainder issuable only whon not earnings
are 1 *4 timos tho entire bond int. chargos. Including Int. on tho bonds sought
to be issued, and then only for 80% o f tho cash cost and fair vaiuo o f addi
tions, extensions or impts. Cum. sinking funds begins in 1918. V . 98.
p. 455, 240, 159; V. 100, p. 646, 816, 9S4, 1514; V . 103, p. 1985.
Butte Elec. & Power Co. 1st 5a mature $25,000 yearly to 1930, incl..
$320,000 In 1931, balance in 1951. V . 80, p. 713; V. 73, p. 139; V . 82, p
1441; V. 88, p. 1623. MadLson River guar, bonds, see V. 81, p. 615, 1045;
V . 84, p. 511: V . 87. p. 1482; V. 90. p. 113. Transmission 5s, V. 81. p. 615:
V . 69, p. 1251. O f tho Groat Falls 5s o f 1911, $4,549,000 are in hand* of
public, $151,000 aro in sinking fund and $4,903,000 aro pledged undor First
& Ref. M tge. o f Montana, as w ill bo any further issues of tho $15,000,000
authorized. See V . 101, p. 1631; V. 94, p. 985, 914.
E A R N IN G S .— For nine months ondlng Sept. 30 (incl. sub. cos.):
9 Months to
Gross
Oper. Exp.
Net
Interest &
Balance,
Sept. 30—
Earnings.
& Taxes.
Earnings. Bond Disc. Surplus.
1916.............. $4,411,721 $1,053,927 $3,357,794 $981,158 $2, .376,636
1915 .............. 2,992,525
862,706
2.129,819 853,192
1,270.627
[V ol . 104
IN D U S T R IA L STO C K S A N D BO N D S
Rate
%
When
Payable
Last Dividend
and M aturity
N ow
Fob 24 17 $1.50
Oct 15 TO 2%
1915 Q— M Dec 1 TO 1*4.%
text Q— M Doc 1 T 6 l ,4%
1916 Q— J Jan 2 1917 1%
1916
. 7 ‘
Q— J Jan 2 T.7 1 H %
D T o June 1 1951
5g
A Aug 1 1933
5g
A|Feb 1 1935
5 g
N M a y 1 1940
5g
J July 1 1943
5g
$354 TO
7 in 1916 Q— J Jan 1 '17 1’ %
4
Q -F 15
6
Q— F Feb 15 '17 2%
10 in '15
4)4 g; J & J Jan 1 1932
&
Apr 1 1933
5g
5 g
&
Sept 1 1946
& J Jan 1 1953
5g
St D Dec 1 1918
5g
& J July 1 1939
4M g
7 In
See
3)4
7 in
Places Where Interest and
Dividends are Payable
Checks mailed
do
do
do
do
Checks m ailed
do
do
U S M tge & T r £ o . N Y
do
do
do
do
Cankers T r C o, N Y
Guaranty Trust C o, N Y
Checks mailed
Checks mailed
/Company’s oil. Bank o il
(Montreal or N Y A g o y ;
N Y , Montreal & London
N ew Y ork
Indus T r C o, Prov, R I
Bankers T r Co,NY:& Chlo
R E P O R T .— For cal. yoar 1915, in V . 102, p. 1538, showed (V . 103, p.
2082):
Cal.
Gross
Net. after
Interest, Pref.Divs.
Common
Balance,
Year. Earnings.
Taxes.
D epr., &c.
(7 % ).
Dividends.
Surplus.
1915.$4,359,408 $3,167,504 $1,489,162 $677,036 (2 ^ )$ 0 0 1.283 $397,033
1914. 3,778,285 2,639,239 1,063,614 677.026 (2 % ) 536,636 361,963
D IR E C T O R S .— Pros., John D. Ryan; Vico-Prosidonts, F. M . K err,
Frederick Strauss and Alfred Jaretski. N . Y .: W . S. Brayton, M ontclair.
N . J.; George F. Canfield, Charles Martin Clark, Cjharlos A . C offin , William
E. Corey, Marcus Daly, Sydney Z. M itchell, Charles ft. Sabin, Albort H .
W lggin, Frodoric W . Allon, Henry Soligman, H . P . W hltnoy, all o f N ow
Y ork; W . K . Whigham, London; J. G. Schmldlapp, Cincinnati: N . Ponroso
Hallowoll, Boston; and William D . Thornton, Butto, M ont. W alter D ut
ton is Soc. St Troas., and Chas. R. McOabo, Asst. Soc. St Asst. Troas..
42 B ’w ay, N . Y . — (V . 102, p. 1991, 2258, 2346, 1596, 1985, 2082.)
M O N T G O M E R Y W A R D & C O „ IN C — O R G A N IZ A T IO N .— In corp o
rated in N . Y . in Jan. 1913. M ail order business established in 1872.
Owns plants at Now Y ork, Chicago, Kansas C ity, M o ., F ort W orth, and
Portland, Ore. V. 96, p. 557; V. 98, p. 240. N ew Chicago plant, V . 103,
p. 1985.
Leases until Oct. 31 1925 building at Kansas C ity , M o ., from M on tgom
ery Ward Warehouse Associates (o f which entire common stock Is ow n ed ).
the rental being $48,000 yearly plus $75,000 to retire tho $750,000 6% cu m .
prof, stock, redeemable at tlO and dividend. V. 98, p. 240.
Notes payablo Dec. 31 1916, $1,300,000; total p. & i. surplus $6,600,966.
P R E F E R R E D S T O C K .— As to pref. stock provisions, see V . 96. p. 557.
D IV ID E N D S .— On pref., 1.18% Apr. 1 1913, covering 2 mos. and 1 day:
July 1913 to Jan. 1917, 1*4% quar. Dividend N o. 1, $3 por share, was
paid on common stock out o f earnings o f year 1914 and dividend N o . 2
$3 50 in Feb. 1916 out o f earnings o f 1915. V . 102, p. 613, 890.
R E P O R T .— Report for year ending Dec. 31 1916, in V. 104, p. 556.
Calendar
Sales
Net after Pref. Div's
Common
Balance,
Year—
Made.
Deprec'n.
(7 % ).
Dividends.
Surplus.
1916........ $62,0-44,336 $4,550,791 $350,000
N o t stated $4,200,791
2,472,653
350,000 (3.50)1,050,000
1.072.658
1915........ 49,308,587
O F F IC E R S .— Pres., Robt. J. Thorne; V .-P ., J. C. Maddlson; Troas.,
J. I . Zook: Sec., It. W . Webb. O ffice. 618 W . Chicago A v e ., Chicago.—
(V . 102. p. 613, 890; V . 103. p. 1985; V . 104, p. 556.)
M O N T R E A L L IG H T . H E A T & PO W ER CO.— O R G A N IZ A T IO N .— In
corporated by special A ct of the Quebec Legislature Mch. 28 1901. Controls
tho gas, electric light and power business of Montreal and suburbs; also two
hydraulic stations for generation of electricity, in operation In the fall of
1903, to have a capacity of 28.000 h. p., viz., one hydraulic plant, Lachlne,
Quo., and one at G'kambly. Quo. Controls output for island of Montreal
of Shawlnlgan W ater Power Co., also the output of the Provincial Light,
H eat & Powor Co., which has built a 15,000 h.p. (hydro-eloctric) plant on
the Soulango Canal. V . 83, p. 216; V. 88, p. 380. Properties ownod, see
V . 74. p. 580: V. 75, p. 238; V . 76, p. 923; V . 80. p. 2456; V . 103, p. 238.
In 1916'Clvic Investment & Industrial C o., formed for tho purposes with
$75,000,000 o f auth. cap. stock in $100 shares, offered 3 o f thoso shares for
oach $100 o f tho $18,709,400 cap. stock o f Montreal L t., l i t . & Pow. Co.
shares, and par for par for tho $8,900,000 stock o f tho Cedars Rapids Co.
Tho Civic Co. has issued $61,119,100 o f its stock and leases tho two proportios for 98 years, guaranteeing all fixed chargos, &c., and 8% p.a. on all stock
o f Montreal Co. and 3% on all Cedars Rapids stk. not exchanged on Aug. 1
1916. Seo V . 102. p. 2169. Tho Cedars Rapids Co. on July 20 1916 had
outstanding $11,467,000 1st M . 5s and owned a hydro-olectric plant o f
110,000 h.p., showing not earnings In 1915 available for int. o f $637,299.
V . 103, p. 323. 496.
D IV ID E N D S — ! '07. '08. '09. '10. ' l l . '12. '13. '14. '15. '16.
’ 17.
P e r c e n t................ / 5)4 6
6K 7
8
8)4 9)4 10 10 9)4 2 , - . - . S E C U R IT IE S .— Royal Trust Co., Montreal. Is trustee of both mtges.
O f the 4)4s o f 1902, $525,000 aro reserved to retlro an equal amount o f
underlying bonds and $674,000 in the treasury. O f the Lachino division
bonds $425,000 are reserved to retire an equal amount o f underlying bonds
and S51.OO0 are in the treasury. List or underlying bonds and descrip
tion o f mortgages, V. 74. p. 580: V . 75. p. 238; V. 78. p. 923. Tho $1,421.
000 Provincial L .. H . & P . 5s are guaranteed, p. St i. V. 88. p. 380.
Cedars Rapids M fg . St Power Co. 1st 5s ($15,000,000 auth.) aro rodoomablo, all or part, on or before Jan. 1 1917 at par and int.; on or boforo Jan. 1
1922 at 105, thereafter at 110, and int. V. 103. p. 323; V . 102, p. 1813.
R E P O R T .— Report for year end. A pr. 30 1916 was In V. 102, n. 2075.
Interest.
Dividends.
B il..3 u r
Year—
Gross.
Net.
1915-16...$6,877,168 $3,345,369 $487,18t (10% )$1,870.940 $987,248
1914-1 5 ... 6.617.105
3,085,907
489,164 (10% ) 1,827,500
769.243
Both Cos.—
$911,511 N o t deducted $3,154,578
191516...$7,677,365 $4,066,089
O F F IC E R S .— Pres., Sir Herbert S. H olt; V .-P ., J . S. Norris; Sec.-Troas.,
C . S. Bagg: Asst. Soc.-Troas., G . It. W hatley.— (V . 102, p. 2171,2258.)
V . 103, p. 1596.)
M O R G A N & W R IO H T .— O R G A N .— Incorp. in M ich. Entire $5,500,
000 stock controlled by U. S. Rubber Co. (tho $2,500,000 common through
the Rubber Goods M fg . C o.). Owns large plant at Detroit for manufac
ture o f rubber tires. See “ U. S. Rubbor C o.” N o mortgage permitted
while tho dobontures aro out. V. 102, p. 71, 1815. N o t income in 1913,
$645,636; in 1914. $927,445; interest on all theso dobontures, $300,000.—
(V . 102, p. 71, 1815.)
M O RRIS & CO. (P A C K E R S ).— O R G A N IZ A T IO N — Tnoorp. In Maine
Oct. 16 1903. Owns packing houses, refineries, &c., at Chicago, at Union
Stock Yards; East St. Louis, at N at. Stock Yards: Kansas C ity, Kan.. St.
Joseph, M o ., Oklahoma C ity, Okla., and South Omaha, N eb ., embracing
129 acres o f land. Daily killing capacity, cattle, 8,000; sheep, 9,000; hogs,
25,000. V . 95. p. 647; V . 91. p. 1510.
S T O C K .— Auth. and issued. $3,000,000; par, $100. D ivs. paid for
12 mos. ending Oct. 1 1910. 14)4% ; fiscal years ending N o v . I 1911 and
1912, 6% ; 19i3, 12%; 1914, 15%; 1915, 25% ; 1916, 33 1-3%.
BONDS.— Auth. issue of $25,000,000. secured by mortgages to tho First
Trust A Savings Bank and Emile K. Bolsot of Chicago and the Mercantile
Trust Co. of St.iLouls, as trustees; 511,100,000are outstanding; $1,400,000
bonds have been purchased for the sinking fund and canceled; tho remainder,
$12,500,000. can be certified only for additional fixed assets, such as real
estate, buildings, machinery, fixtures and apparatus, at 75% of actual cost.
Annual sinking fund, beginning July 1 1910, an amount of cash or canceled
bonds at par not less than 1.6% (or $200,000) of the amount of bonds,
delivered, not Including any canceled. V . 91. p. 1510; V . 89. p. 48, 107.)
F eb ., L917.]
175
IN D U STR IAL STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, A c ., see notes on firs t page]
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
N ew
N ew
None 65.000 shs.
M otor P rod u cts C orp— Stock class A no vo to................ .......
N ew
N ew
N oue 5.000 shs.
Stock class 1 votin g--------------------------------------------------3
1017 to 1922
6
$1,000,000
1917
Five-year notes $1,000,000 duo $100,000 s-a n ............. .......
33,827.200 7 In 1916 Q— J 15 Jan 15 1917 1 # N ew Y ork and Denver
$100
Mountain States Tclcp & Teleg Co— Stock $50,000,000 auth.
None 50.000 shs.
m ' (, M otors C o— Cora stock auth 50,000 shares no par v a l.
Feb 1 1917 \ %
Q— F
7
5,000,000
100
’ Prof (a & d) stock 7% non-cum auth $20,000,000 s f callablo
Q— M M a r 1 '17, 1H Checks mailed
60 12,000.000
N a tio n a l Acm e C o— Stock $24,000,000........ ....................
100 29.236.000 7 In 1916 Q— J 15 Jan 151917 1 # First National Bank, N Y
National Biscuit— Common stock $30,000,000--------------do
do
Q— F N o v 29 '16 1 H
100 24,804.500 7 in 1916
Preferred (as to dividends) 7% cum $25,000,000..........
Q— J Jan 15 '17 4% Checks mailed
9.965.500 6 In 1916
100
National Carbon— Common stock $12,000,000...............
do
do
5.600.000 7 In 1916 Q— F 15 Feb 15 '17 1 H
100
Preferred (a & d) stock 7% cumulative $5,000,000. See text
None
N a tio n a l C arbon Co, In c — Cora stock 1,000,000 shs, no par
Q— F N ew
8
See text
100
P re f (a & d ) stock8% cu m $5,600,000call 140----------------Q— J July 1 1905 % Guaranty T r Co, N Y
100 15,591,800 See text
N a t io n a l Enam eling* Stamping— Common stock $20,000,000
do
do
Quar
Dec31 1916 I H
8,546,600 7 In 1916
100
Preferred stock (a & d) 7% cumulative, $10,000,000-.-Central Trust Co, N Y
J & D June 1 1929
5 g
2.623.000
1909 1,000 &c
Refund 1st M real estate sink fund g red te x t. ..C e.xc& r
4.461.300 See text Q— F Aug 25 '03 1 H Checks mailed
50
N a t io n a l Fireproofing— Common stock $4.500,000................
do
Q— J Jan 15'15 1%
7.900.500 See text
50
Preferred stock 7% non-cumulatlve *8,000.000
----
M A S Sept l ’ 17-’32
5 g
2,000,000
1,000
1912
1st M and coll t r g due $125,000 yrly r e d l0 2 )$ ---U j i .xc
100 20,655,400 4 In 1916 Q— M Dec 30 1916 1% 111 Broadway, New York
N a t io n a l L e a d C o — Stock common $25,000,000 authorized..
do
do
100 24,367,600 7 In 1916 Q— M M a r 15 '17 1 #
Pref (also as to assets) 7 % cum $25,0()0,000red s ln c e l.)I 0 100 10,000,000 6 in 1916 Q— J Jan 2 1917 1H Checks mailed
N a t l o n a l S u g a r R e f i n i n g Co o f N J— Stock $10,000,000.
6.362.500 See text See text Doc 15 '16 4% Checks mailed
12.50
N a t io n a l T r a n s i t C o — Stock 86 ,3 62.50 0--.--- - - - - - - - - - - - - 8.581.300
100
N e v - C a l Elec C o r p — Common stock $20,000,000 authorized
Q— J Jan 30’ 17, l> i%
5.341.300 See text
100
Preferred stock $10,000,000 authorized--------------pJJtr*
N Y , Bankers T r; Denv
J & J Jan. 1 1946
3.943.500
100 &c
191(5
First Lion sor " A ” $15,000,000 c a l l . . ------ ~ c &r
1926
S8
1.500.000
1916
Unsecured notes convortibio into preferred stock— . . .
Mortgage Bonds (Closed Is s u e s )-.
.
N Y , Guar T r , & Denver
A & O A p ril 1 1927
6 g
2.580.000
1,000
1907
■Mnv-n-il Power Co. 1st now callablo at 105 s f - - - - — - c
N Y Chic & Denver
J & .1 Sept 1 1936
6g
2.650.000
500 &c
1911
Snnt.hnrn Siorras Powor 1st call lo5 aft July 1 1018_s f c
Southorn sierras P o w er 1st
Feb. 26 on ratifying a plan (V . 104, p. 261) for the sale o f the property to
R E P O U T . - F o r gyear ending Oct. 30 1916 (V . 104,
^
^
tho new N ational Carbon C o., Inc., o f N . Y . (see below). V . 98, p. 614,
308, 240; V . 99. p. 820.
D IV S .— (% ) ( '05. ’06-’08. '09. '10. ’ 11-’ 13. 1914. '15. '16. Jan.. 1917.
Total income— 6,672,323 5.069.317 Other lnt., & c._ 1,054.386 1,175,324
On common
( 3 4 yrly. 4 #
6 6 yrly.
6
6 7'/i %% (quar.)
514,500 D lvs____ (33 1-3)1,000,000(25)750000
ln t. on bonds___ 505,500
-------do
e x tr a !..
........ ....... 15
.......... 5 0 s t k „
„
2%
Adm in’n expon-1,280,224 1,058,078 Pension,&c., f ’d. 200,000
In 1917 paid in Jan. 2% and 2% extra.
Balance, surp.2,632,213 1,571,415
R E P O R T .— For cal. year 1915 (V . 102, p. 797) showed: N e t, after depre
O F F IC E R S A N D D IR E C T O R S .— Nelson Morris (Chairm an). Edward ciation, & c., $2,550,518; divs. on pref. (7 % ), $392,000; div. on com (6 % ).
M orris Jr. (Pres.), C. M . Macfarlano (V .-P . & Troas.), L. II. Heymann $597,930; bonus to employees, $25,000; insur. res ve, $50,000; bal.. sur .
fV -P & Asst. Sec.), H. A . Timmins (Sec. & Asst. Troas.). Chas. E . D avis $1,485,588. Main office, Cleveland.— (V . 99, p. 638; V . 102, p. 797, 804.
and Ira N . M orris.— (V . 102, p. 342. 1350; V. 104, p. 254.)
890, 1596, 1690; V . 104, p. 261.
M O R T G A G E B O N D C O .. N. Y .— Annual report, V. 104, p. 760.
N A T I O N A L C A S H R E G IS T E R C O .— (V . 102, p. 526, 2347.)
M O T O R P R O D U C T S C O R P O R A T IO N .— O R G A N IZ A T IO N .— In
N A T I O N A L C L O A K & S U IT C O .— (V . 104. p. 449, 457.)
corporated'in N . Y . Juno 5 1916 (V . 102, p. 2171) as a consolidation o f ftvo
D etroit and Ann Arbor cos, ongagod in manufacturing miscellaneous
N A T IO N A L E N A M E L IN G & ST A M PIN G CO . - O R G A N I Z A T I O N . products from stool, brass and copper, and automobilo radiators, motor
Incorporated In New Jersey on Jan. 21 1899. bee prospectus In V. 68, p.
car tops, windshiolds, fonders, holds, mufflers, oxhaust pipes, cowls, hubs 187, and official statement In V. 76, p. 1405: V. 77, p. 403: V. 82, p. 7no.
and hub caps, motor manifolds, &c. Tota l amount o f unfilled orders on
D lv.on pref., 1899to Dec.31 1910, 7% yrly. (quar.); 1 H % declaredpayable
books in Juno 1916 figured at $8,000,000, with earnings on a basis o f $788, on June 30. Sept. 30 and Dec. 31 1916. On com. 1902 t o '04. 4% y rly ..
000 for the year 1916. In Sept. 1916 purchased for about $750,000 the
1905, Jan., April and July, H % e a c h ; none since to Feb. 1917. V . 81;
D etroit plant o f the Lozier M otor Co. and was concentrat ng thoroin the p. 017. Decision Dec. 19(fe. V . 81, p. 215; V. 82, p. 755; V. 83, p. 1415.
Diamond, Rands, Vanguard and Universal operations, the Ann Arbor
BO NDS.— Subject to annual drawings at 105 In amounts Increasing y r ly .
plant o f the Superior M fg . being the only other plant retained. V. 103,p.941. from $108,000 to $263,000. See V . 88, p. 1502: V . 90, p. 170.
Stock authorized, 100,000 shares with no par value, divided Into 5,000
Loans and bills payable June 1916, $1,803,783.
class “ 13,” having full voting powor, and 95,000 class ‘ A without voting
N E T E A R N IN G S .— For first six months or 1916 were at an approxima
powor. I f the company falls to earn $5 per sharo per annum for two suc
cessive years, both classes o f stock will have full voting power. Issued in tion o f 10% por ann. on common stock, as compared with about 3% for
June 1916 65,000 shares class " A 1 and 5.000 class B.
A syndicate complete 1915 fiscal year. V . 103, p. 243.
headed bv J . S . Bacho & C o . underwrote 50,000 sharas o f class A . ( V . 102,
R E P O R T .— For year ending Dec. 31 1915, in V. 102, p. 797:
i) ^ *171.) In Fob. 1917 sold $1,000,000 6% notes duo $100,000 s.-an. Cal.
Total
Net
Bond
Sinking P f. Divs.
Balance,
1917 to 1922. T o ta l business douo for 8 months ended Dec. 31 1916 stated
Year.
Income.
Profits.
In t.
Fd., A c.
(7 % ).
Sur. or D e f.
as $4,072,043; unfilled orders Jan. 1 1917, over $6,000,000. V . 104, p. 668. 1915
$1,936,620 $1,199,861 $133,619 $152,500 $598,262 sur.S315.480
Pres., \V. C . Rands.— (V . 103. p. 941; V. 104, p. 668.)
1914___ *1,532,388
836.850 141,594 146.500 598,262 def. 49.50p
Pres., F . A . W . Kleckhefer; Sec.. W m . H . M atthai: Treas.. G eorge V .
M O U N T A IN S T A T E S T E L E P H O N E & T E L E G R A P H C O .— O R
Hagorty. N . Y . offico, 411 5th A vo.— (V . 102. p. 797, 804; V . 103, p. 243.)
G A N IZ A T IO N .— Operates over approximately 780,000 square miles, Incl.
Oolorado, Utah, Idaho, Montana, W yom ing, N ew M exico and a part o f
N A T I O N A L F IR E P R O O F IN G C O .— Incorporated in 1889; name was
Texas and Arizona. Subscribers Dec. 31 1915, 260,002. V . 98, p. 1997. changed in 1899 from Pittsburgh Terra C otta Lumber Co. Controls 29
Amer. Telop. & Tolog. Co. owned $23,830,500 o f the stock out Dec. 31
plants adjacent to various cities between Boston and Chicago, about 5.000
1910. V . 93, p. 1195. V . 96. p. 793; V . 98, p. 916, 1997. First dividend, acres o f coal and clay lands, patent rights, &c. Manufactures porous terra
covering 2 1-3 mos., 1.36% (7 % y e a r ly rate), paid Oct. 15 1911; 1912 to cotta, fireproofing, hollow tile, building blocks &c. Properties owned,
Jan. 1917, 7% yoarly (Q .-J.). Funded debt assumod, $789,000.
see V . 72, p. 296,1191; V . 76, p. 651; V. 94, p. 68, 766; 1060; V. 95, p. 53.
R E P O R T .— For calondar years:
B O N D S .— Th e stockholders July 25 1912 authorized $2,500,000 refund'*
1915.
1914.
1915.
1914.
bonds maturing $125,000 yearly. V . 94, p. 1452: V . 95, p. 53, 424, 893.
s
s
s
$
D IV S .
f ’ 00. '01. '02.' 03. '04. '05. '06. '07. '08. '09. '10-’ 14. T5. '16
Gross oarnings..8,262,879 7.817,545 Dividends (7%).2,316,176 2,180,568
7 7 7 7
5#
1
5
2 0
4 yrly. 1
0
N ot,a ft.ta x.,& c.3 ,334,196 2,999.0371 Balance, surplus 1,018,020
818.469 P re f _ . % __ / I X
%
I . . 3 K 5 4H
0 0
0
0
0
0
0
0 0
Pros., E. B. Field; V .-P . & Treas.. E. 13. Fiold Jr.; Sec., J. E. Macdonald; Com
In A pr. 1915 the divid. was deferred. Status Sept.1915, see V .101,p .1010.
Offico, Denver, Col.— (V . 101, P- 210, 804, 884.)
R E P O R T .— For cal. year 1915. in V . 102, p. 1056, showed: N et, loss,
N A S H M O T O R S C O.— O R G A N IZ A T IO N .— Incorporated in M aryland
$98,907; reserve, $100,000: bal., def,. $198.907\
July 31 1916 and took over the property and businoss o f the Thomas B .
Jeffory Co. o f Konosha, W is., manufacturers o f motor cars and trucks.
D IR E C T O R S .— Jas. J. Booth. W . D . Henry (Pros.), J. B . Finley, W . ARefinanced by Loo, Higginson & Oo., Charles W . Nash, rocently head o f
Dirkor, John R . Gregg. E . H . Straub, Henry M . Keasbey, Geo. A . Jones
Goneral M otors Co., becoming President. Soo fu ll statement in V . 103,
W . E. Cooke. W . L . Curry, J. S. Craig. D . M . Campbell and Sidney F .
p. 497. Capital stock, see table abovo; no bonds. Th e (non-voting) pref.
Hockert. Treas. Is J. P . Robbins and O. G . Jones Is Sec.— (V . 102, p. 1056.)
stock Is callablo up to N ov. 1,1920 at 105 and dlvs. and thereafter at 110
N A T IO N A I L E A D C O .— O R G A N IZ A T IO N .— Organized in N ew Jer
and divs.; 2% sinking fund w ill begin in 1920.
sey on Doc. 7 1891. I t controls extensive plants in different States for
Dividend N o. 1 on pref., 1 % % , N o v 1 1 916; N o. 2, Feb. 1 1917, 1 M % .
During tho fiscal yoar endod June 30 1916 tho Jeffory Co. (V . 103, p. 242) manufacture o f white lead. * c . V . 89. n. 223; V . 102 p 1056. Also
manufactured 5,749 cars and 2,675 trucks. Tho estimated not oarnings United Load Co. (V . 84. p. 697. 160). Magnus C o. (V . 100. p. 402).
U. S. Cartridge Co. of Lowell (V . 90. p. 631; V . 94, p. 824). andtfatheson
for tho yoar aro around $2,000,000.
Lead Co. (V . 95, p . 115); last-named have outstanding $1,000,000 5% bonds.
President, Charles W . Nash, Konosha; Chairman, James J. Storrow,
S T O C K .— Prof, is callablo at not loss than par. V . 60, p. 349; V . 88,
Boston.— V. 103, p. 498, 1511.
N A T IO N A L ACM E C O .— O R G A N IZ A T IO N .— Incorp. in Ohio (about
D IV ID E N D S , %1 '98-'00. ’01-’05. ’06. ’07. '08. '09. ’ 10. ' l l t o ’ 15. 1916.
Doc. 1 1916) to take over tho assets, &c., o f tho N ational Acmo M fg . Co.,
0
3
4# 5
5
4
3 yearly 1,1,1,1
o f Cleveland (incorp. in Ohio Sept. 20 1901) manufacturers o f automatic C o m m o n ............ J 1 y rly
screw machines and milled screw products. Owns and operates 3 plants:
A N N U A L R E P O R T .— Th e annual report for 1915 In V . 102. p. 1057,
(1) Cleveland (floor spaco over 10 acres) w ith new 7-acro plant under con showed: N et earnings, $2,710,526; divs. on pref., $1,705,732; d iv. on com.,
struction; (2) Windsor, V t., 4 .acres o f floor space; (3) M ontreal, making 3% , $619,662: bal. for year, surplus. $385,132.
standard and special milled parts exclusively. V, 103, p. 2347.
D IR E C T O R S .— E. J. Cornish (Pros.), G. O. Carpenter and R . P . Row e
S T O C K .— Capital stock, auth., $25,000,000, all outstanding; par, $50.
(Vice-Presidents), E. F . Beale, It. It. Colgate, E. O. Goshorn,Chas. E .
N o prof, stock, mortgago or funded debt. Hayden, Stono & C o., and Field, W altor Tufts, Geo. W . Fortmeyer, Fred M . Carter, G . D . Dorsey.
Eastman, Dillon & C o. in Dec. 1916 offered a block or tho capital stock at G . W . Thompson, W . N . Taylor, J. It. Wottstcin. Sec. is Charlos D a vi
$40 a sharo. V. 103, p. 2347.
son; Troas., F . R . Fortmeyer. N . Y . office. 111 B way.— (V . 103, p. 1122.)
D IV ID E N D .— 1917. M ar. 1 # % .
N A T IO N A L M O T O R C A R & V E H IC L E C O R P .— (V . 104, p. 261.)
O F F IC E R S .— W . D. B. Alexander, Pres.; E . O. Ilcnn , V.-Pres. & Gen.
Supt.: A . W . Bonn, Sec. & Treas. F. II. G off, Albert II. Wiggin, Galen L .
N A T IO N A L SUGAR R E F IN IN G OF NEW JER SE Y.— Incorporated In
Stono and Herbert Lowell Dillon are among tho directors.— (V . 103, p.
New Jersey on June 2 1900 and took over the New York Sugar Refining
Co.'s (Doseher) refinery. Long Island City, the Mollenhauer refinery.
1506, 2159, 2347.)
N A T IO N A L B IS C U IT .— Incorp. in N . J. in 1898. V . 66, p. 288, 901; Brooklyn. N . Y . . and the National refinery, Yonkers, N . Y . Am er. Sugar
Ref. Co. in Jan. 1917 owned $2,428,900 stock. V . 91, p, 1577; V . 92.
V.7LP.645; V.77.P.92; Y-80.P-870; V.91 ,p 876; V.93,p.669; V.97,p.599.
p. 1377; V . 93, p. 535; V . 98. p. 307.
D IV ID E N D S — l,’00-’05. 06. 07. 08. 09. ’ 10. ’ l l . *12 t o ’ 16. 1917.
5%
Common, reg u lar./ 4 yrly
5 5% 6
5 # 6 8%
.
, .
A N N U A L R E P O R T .— Report for year ending Jan. 31 1917 (V . 104, o n :
p. 668) showed: N e t profits, $4,579.306; pref. divs. (7 % ). $1,736,315; on
com. (7 % ). $2,046,520: bal.. sur., $796,471.
and i ’5 % T iT l9 0 L N oV ondsT Balance sheet Dec. 31 1912, V . 90, p. 419.
D IR E C T O R S .— A . W . Green (Pres.), F . W . W aller (1st V .- P .), T . S. Pros.. J. H . Post; V .-P ., Thomas A . Howell; Treas., H . F. Mollenhauer;
Ollivo (2d V .-P .), F. A . Konnedy, W m . I I . M ooro, I I . J. Evans. F . L .
Sec., Geo. R . Bunker.— (V . 95. p. 1400; V . 96. p. 365, 419.)
Hino, S. S. M arvin, II. M . llanna, S. A . Sears, G. P . Wells (Sec.-Treas.),
N A T IO N A L T R A N S I T C O .— O R G A N IZ A T IO N . &c.— Incorp. in Penn
R . A . Fairbairn, John S. Runnells, E. B. Thomas (3d V .-P .), R . E. T o m
linson (Asst. Sec.), H. C . Taylor, C . E . Dunlap (Asst. Treas.). Office, sylvania in 1881. Owns pipo line in Penna. Form erly controlled by Stand
ard Oil Co. o f N . J., segregated in 1911. V. 85, p. 216. 790; V . 93, p. 1390.
409 West 15th St., N . Y . — (V . 102, p. 882; V . 104, p. 668.)
On Feb. 2 1916 shareholders voted to reduce tho capital stock from
N A T IO N A L C A R B O N CO ., IN C .— O R G A N IZ A T IO N .— Incorporated $12,727,575 to $6,362,500 by the retirement o f 103 shares and the reduction
in N . Y . State Jan. 15 1917 as proposed successor o f National Carbon Co. o f the par value o f the remainder from $25 to $12 50 per share and the
o f N . J., with headquarters and factory at Cleveland.
payment o f $12 50 in cash to the stockholders. T h e N ational Transit
Every holder o f tho $5,600,000 7% cum. pref. stock o f tho N ow Jersey Pum p & MachineCo. was incorporated in Penn, on N o v . 26 1915; capital
corporation was given an opportunity to exchange tho same for a like stock, $2,545,000, in $25 shares, to tak eover (when Penn. P . S. Commission
amount, sharo for sharo. o f tho 8% cum. pref. stock o f tho Now Y ork cor consents) tho company's plant at Oil C ity , P a ., for the naufacture o f
poration, and every holder o f tho $9,965,500 com. stock o f tho N ow Jersey pumps, enginos, compressors, tools, fittings, &c.; all o f the capital stock
corporation an opportunity to exchange tho samo on the basis o f one sharo will bo held by the National Transit Co. V . 101, p. 1890, 2149: v.93,p.669.
for four shares o f tho common stock o f tho N ow Y ork corporation.
D IV ID E N D S .— 1912 to 1914, 12% per ann.; 1915, 8% . None to Doc.
James Parmeloe, Washington, D. C ., Pros.; M yron T . Herrick, V.-Pros.;
J. S. Crider, V.-Pres. & Gen. M gr.; and II. E. Ilackonberg, V.-Pros., Sec.- 15 1916, whon 4% was paid. Compare V. 103, p. 1035. Current liabilities
Treas.; all o f Cleveland; Conrad Hubert, N . Y ., V.-Pres.; John S. Bartlett, Juno 30 1916 about $1,250,000.
Boston; W . Cameron Forbos, Boston; John L . Severance, N . Y .; Androw
R E P O R T .— For year 1915. in V . 102, p. 980, showed:
Squiro, Cleveland; Frederick C. Walcott, Englewood, N . J.; John P . W il
1915.
1914.
1913.
1912.
N ot oa rn in g s............$1,024,631
$1,482,187
$2,315,556
$1,909,807
son, Chicago; M . J. Dognon. W . P. Schmuck, N . Y .
D ivid en d s.......... (8% ) 1.018,207 (12) 1.527.307 (12)1.527,307 (12) 1.527.307
N A T IO N A L C A R B O N C O .— O R G A N IZ A T IO N .— Incorp. In Now
N et earns, for six mos. ended June 30 1916, $536,648. V . 103, p. <61.
Jersoy on Jan. 16 1899. V. 68, p. 85, 130. The shareholders will voto
Feb ., 1917.]
M IS C E L L A N E O U S
C O M P A N IE S
[ F o r a b b r e v i a t i o n s , & c . , s e e n o t e s o r. f i r s t p a g e ]
D a te
Bonds
New Central Coal— Stk $1.000.000(V66,p 901,1140;V64,d515) —
N ew F n d a n d C om pany— Common stock-----------------------First prof (a & cl) stock cum 5)4 % till 1920, then 6 % -------2d prof (a & d) stock cum 4% & partic (V 102,p984. 2172).
Mass Co Oollat Trust assumed callable at 105----- OBxxc* 1907
N ew England Co 1st & Her intgo----- ------------ ------------1915
Ton-yr debentures g conv Into 1st prof call 102 )4 OBc
System Securities Not Owned by New England Co —
N ew England Power Co prof (a & d) stock 6% cum--------1st M $14,000,000 g skg fd callable at 105.......... N B c* 1011
Guar notes callable at par $700,000 guar by Now Eng Co 1914
Conn Kiver Power Co. o f N I I 6% prof (a & d) stock— . . .
1st M (closed) sinking fund callable at 107-------OBc* 1907
1915
Fivo-yoar notes all owned by N ow Eng Power C o.
Beilows Falls Power Co prof stock callablo at 105----Collateral trust callablo at par__________________ OBxxc* 1912
1904
Falls M t Electric Co 1st M ______________________________
New England Cotton Yarn— Com stock $3,900.000........ .......
Pref stk (a & d) 6% non-cum (red 140) --------- - - ;
First mtge $6,500,000 gold s £ subj to call at 110----NB.C* 1899
New England Telephone Ik Telegraph— Stock 575,000.000..
Bonds Series 7 and 8 $412,000 due 1916 not subj to call— z ’ 96-’ 99
1900
Bonds $1,000.000....................................................... .
1912
Bonds $10.000,000.............................- - -- -r,r- v - ,
New York Air Brake— Stock $13,000,000 ali ’'* °r{ ZiQ f4 '"x C e 1908
1
?
*
First M $3,000,000 gold convert text to
11914__xCe
New York Dock— Preferred stock 5% non-cum (text)...U sm
First mortgage $13,000,000 gold call at 105— Usm.xc&r 1901
x A fter deducting $214,000 called for payment.
Am ount
O u ts ta n d in g
Par
V a lu e
R a te
%
$20 $1,000,000 See text
5,000,000
607.000
100
5)4
4
2,720,000
100
5g
192.000
1,000
146,600
5
6g
1,870.000
1,000
100
1,000
1,000
100
1,000
100
1,000
100
100
1,000
100
1,000
1,000
1.000
100
100 &c
100
500 &c
p .„ „ w v M iller- V .-P . and Gen. M g r.. F . D . W illiam s; Treas., O. H .
r
S R Ball.’ Directors: F. D. W illia m s , O. H . La y, S. R . Ball.
D W fM a c k e n z ie , (5. E. M artin and E . E . Colling. Offico, Oil C ity. Pa.
— ’(V .’ 103, p. 761, 1035.
N F V A D A C A l I F O R N I A E L E C T R I C C O R P O R A T I O N . — (See M a p .)
__r t lio A N I 2 A T I O N .—-Incorporated in Delaware on Doc. 12 1914 and
has brought under one control and management (V . 102. p. 2171) hydroehfctrlo plants having installed capacity 34.000 h.p. and an additional
«n n o h n to bo completed in 1916: also steam plants o f 13,000 h.p.;
total 55 000 h.p., with 1,189 miles o f high-tension linos and 417 miles of
distribution linos. These properties servo under satisfactory franchise, for
the most part exclusively, the agricultural and industrial sections o f Cali
fornia and tho mining regions or Novada as shown on tho accompanying
map
Properties valued at $17,877,530; bonded debt, $9,173,500.
Tho corporation during tho year 1915 to 1916 acquired practically all o f
tho capital stocks o f the following companies, in which are vested tho afore
said properties, namely Novada-Callfornla Powor Co. (V . 102. p. 1721), tho
Southern Sierras Powor Co. (V . 101, p. 1193), Interstate Telegraph Co.,
Pacific Powor Corporation.
C A P I T A L IZ A T I O N .— On completion o f financing in progress in Juno
1916 tho bonds and stock w ill bo as shown in tho table abovo.
D IV ID E N D S .— On pref., 1916, July, 2 )4 % ; Oct., 114%'. 1917, Jan.,
1M % » completing payment o f all dividends to Jan. 1 1917.
F IR S T L I E N B O N D S .— Tho 6% First Lion gold bonds, series “ A , ”
IV 102 p. 2171; V . 103, p. 1035) wero to bo securod by deposit o f (a) about
<514 311 800 (over 99%) o f tho capital stocks o f subsidiary cos.; (5) $3,
695000 1st M . bonds, viz.: Hillsido Water Co. 1st M . 6s, $500,000; Intorstat’o Telegraph Co. 1st M . 6s, $250,000; Bishop L t. & Power Co. and Co
rona Gas & E L lA . Co. 1st M . 6s, about $60,000; Cain Co. 1st M . 6s, $1,
650 000: Pacific Power Corp. 1st M . 6s, $935,000; Coachella Valloy Ico &
Elec. Co. 1st M . 6s. $300,000; (e) $3,368,000 First & Refunding M . 6s;
N ov.-C al. Power Co., $2,420,000; Southern Sierras Powor Co., $948,000.
Upon tho completion of all tho proposed financing, involving tho retire
ment o f tho $2,580,000 N ov.-C al. 1st 6s (now callablo at 105) and tho S2,650,000 Southern Sierras 1st 6s (callablo at 105 after July 1 1918), tho sub
sidiary companies will have outstanding only 1st M . bonds, all deposited
as security for the First Lion bonds, Series “ A ,” making tho latter a direct
collateral first lion upon all tho subsidiary properties, and tho only bonds
o f tho corporation and its subsidiaries outstanding In hands o f public.
O f tho $15,000,000 Sorios " A " bonds, $3,943,500 aro now issuable for
cornorato purposes; $5,230,000 aro reservod to retire tho N ev.-O al. and
Southern Soirras 1st M . 6s outstanding. The remainder can bo issued only
for now property and acquisition of additional 1st M . bonds of its subsidi
aries or for working capital, but only whon tho not earnings aro 1 J4 tlmos
th o'interest requirements on all outstanding bonds and those to be issued.
Subsequent series, " B ,” &c., may be issued for 80% o f tho cash cost of
additional plants or properties, &c., but only when tho not earnings aro
1 y. times tho interest on all outstanding bonds and thoso proposed.
Semi-annually, boginning in 1921, a sum equal to % o f 1% o f all First
Lion bonds thon outstanding must bo used to cancel Sorios “ A .” These
bonds aro subject to call at 105 and int. on or prior to Jan. 1 1921, or at
103 and iut. after that dato.
Earns, for Cal. Years 1913 to 1915 — Also for Consol. Cos. in 1915.
Calendar Years—
1913.
1914.
1915.
Consol.Cos.
Total operating earnings____ $1,262,878 $1,398,023 $1,456,256 $1,550,566
Earnings app. to Int. chagos. 874,207
972,915
958,507
1,017,832
Int. on underlying bds. ou t. 313,800
313,800
313,800
313,800
Annual int. on 6% 1st Lion bonds o f N ev.-C al. Elec. Corporation $236,610.
President, VV. E. Porter, Donvor, Colo.— (V . 103,p. 1035, 2434.)
N E V A D A C O N S O L I D A T E D C O P P E R CO.— (V . 103, p. 1795, 2159;
V. 104, p. 565.)
N E W C E N T R A L C O A L .— Incorporated in West Va. In June 1911.
V. 92, p. 1569; V. 93, p. 875. Owns coal lauds In Allegheny County. M d.
V . 66. p. 901, 1140; V. 64. p. 515.
D IV ID E N D S .—
/1911. 1912. 1913. 1914. 1915
1916.
Per cent_____________________l 4
4
4
3
2
2
N ew York office, 17 Battery Placo.— (V . 93, p. 875; V. 90, p. 1218.)
NEW ENGLAND COMPANY
(H y d ro -E lectric) . — (See M a p .)— A
Massachusetts voluntary association (created In March 1915 under laws
of 1914, per plau in V. 100, P. 984), and owns, in addition to undeveloped
water riglits on the Deerfield River, the ontiro comr^on stock o f Now Eng
land Power Co. ($3,500.000). Conn. River Power Co. o f N . H . ($1,500,000)
and Rhode island Powor Transmission Co. ($10,000, only one class out
standing, and 85% of tile $150,000 common and 90% o f tho $650,000
prof, stoclc o f tho Bellows Falls Power Co. Control Is thus held o f tho
several operating corporations below mentioned,
Tho system so formod constitutes tho largest hydro-electric dovolopment In tho U. S. cast of Niagara Falls, with generating stations on the
Connecticut and Deorfield rivers, having Installed capacity o f ovor 75,000
h.p., and controlling power and resorvoir sites capable o f tho contemplated
development o f an additional 125,000 h.p. In addition approximately
17,500 h.p. o f developed powor is under contract to tho system. Ovor
325 miles o f transmission linos, six generating and ten sub-stations and
a largo reservoir aro operating to servo about 100 cities and towns in Cen
tral Now England (In Mass., Copn., R. I.. Vt. and N . I I .), which aro sup
plied wholly or in part by tho system through contracts with largo commer
cial users and with local olectrlcl-lighting compantas, electric and steam
railways, notably in tho Important industrial contres o f Worcastor, Fitch
burg, N orth Adams, Mass., and Providence and Pawtucket, R . I. (seo map)
Tho first powor plant on tho Connecticut River was put in operation in
1910, and tho first year’s gross earnings wore S409.000.
Properties Comprising System.
New England Power Co.— Has in operation on Deerfield River fiv e gen
erating stations (ono completed in 1916) and a storage reservoir o f somo
23 billion gallons capacity. Tho flvo operating stations will utilize about
510 ft. o f fall and have a generating capacity of ovor 48,000 h.p. out o f a
contemplated development o f ovor 100,000 h.p,, somo 1,050 ft. o f fall being
controlled by tho system . Also owns about 250 miles o f transmission
linos In Massachusetts acquired by inorgor o f Conn. River Transmission
Co In April 1916.
Connecticut Hirer Power Co.— Plant locatod on Connecticut River bolow
Brattloboro, installed capacity 27.000 h.p. with dam, storago basin and
about 50 miles o f transmission lines in Now Hampshire and Vermont.
177
IN D U S T R IA L ST O C K S A N D BO N D S
6
3,414,000
5g
6,000,000
X486.000
6g
6
500,000
1,929,000
5g
6
486.000
Sec text
5
550,000
5g
65,000
5
3,900.000 See text
2,000,000
6
2,982,000
5 g
See text 7 in 1916
487,000
5
1,000,000
4
10.000,000
5g
10,000,000 Seo text
3,000,000
6 g
10.000,000 See text
12,550,000
4g
W hen
P a y a b le
L a st D iv id e n d
a n d M a tu rity
D iv id e n d s a re P a y a b le
N o v 1 1916 1% Co’s Off. 17 B att PI, N Y
M & N 15 M a y 15 ’ 16, 254 Boston
do
J & J 15 Ju lyl5 1916,2%
Boston
J & D June 1 1937
M & N
N o v 1 1925
&
Philadelphia
Boston, Old Col T r Co
Q— J 15 Oct 14 ’ 16, 1)5 Boston
Boston & Philadelphia
J & ,1 July 1 1951
Boston, In t Trust Co
M & N N o v 1 1917
J & D Dec 1916 3%
Boston and Philadelphia
J & D June 1 1937
Boston
A & O Apr 1 1920
M & N 15 M a y 15 ’ 16, 2)4
J & J July 1 1922
N a t Bank, Bellows Falls
A & O 1924
A & O Oct 1 1912 3J4 iChecks mailed
do
do
Q— F Feb 1 1914 1)4
iN atShaw m u tBk, Boston
F & A Aug 1 1929
Q— M Dec 30 ’ 16 1M 50 Oliver Street, Boston
[Merchants N a tl Bank
A & O Apr 1 1919
do
do
J & J Jan 1 1930
Old Colony T r Co Boston
A & O Oct 1 1932
Dec 22 ’ 16 5% Office, 165 B ’ way. N Y
Quar
Central Trust Co, N Y
M & N May 1 1928
A & O Oct 1 6 ’ l l 1% Checks mailed
[U S Mtge & T r Co. N Y
F & A Aug 11951
Bellows Falls Power Co.— Tho second largest water-power on the Con
necticut River with a fall o f over 50 ft. and capable o f redevelopment on
modern hydro-electric lines.
,. ,
Rhode Island Power Transmission Co.— Distributes the power sold In
Rhode Island by moans o f high-tension steel transmission lines and a large
new sub-station for transforming purposes.
S T O C K O F N E W E N G L A N D CO.— See table above. Tho first p ref.
stock, $650,000, was offered in exchange for $650,000 guaranteed pref.
stock o f Bellows Falls Power Co. (V . 96, p. 64 ). Th e 2d prof, is entitled to
4% p. a. (cum.) and after 4% is paid in any year on common is entitled to
samo rate for that year as paid on common up to 5% and above 5% to
ono-half tho rate on common. Both prof, stocks o f tho N ew England Co.
(as also tho pref. stock o f the N ew England Power C o.) had in Jan. 1917
received their full dividend regularly from organization to date.
B O N D S A N D N O T E S .— Th e N ow England Co. First & R ef. M . 5s (V .
98, p. 1997) had in Oct. 1916 been practically all redeemed.
Th e
convertible 6s o f 1915 aro convertible into first prof, stock par for par at
any int. dato. Auth., $14,000,000. V . 103, p. 243; V . 102. p. 1721: V. 98,
N ew England Power Co. 1st M . s. fd. 5s are callable at 105 and Int. on
any int. date. Auth., $14,000,000; V . 103, p. 243; V. 102, p. 1721; V. 98,
p. 308. Conn. River Power Co. 1st 5s, see V. 89, p. 165. ,
an.?,6 ^ , c(iu
J)0?
notes, V . 100, p. 1440. Bellows Falls Power Co. and Falls M t . E l L t. &
P ., V. 96, p. 64.
*
Earnings o f all Properties Comprising the New England Co. Syst. (V.104, p.367)
Calendar
Gross
Net, after Bond, A c . , — Pref. Dividend— Balance.
Years—
Earnings.
Taxes.
Interest.
First.
Second. Surplus
1916........... $2,068,437 $1,311,133 $599,462 $237,102 $108,800 $365,768
1915............ 11489,453
954,299 512,827 210,601 108,800 122,071
Cal. Years—
1910.
1911.
1912.
1913.
1914. „
1915.
Gross income___$270,202 $405,206 $514,445 $777,847 $982,529 $1,489,453
Output, 1,000k. w.h.34,000 50,000
64,000
98,000
120,000
1/3,000
O F F IC E R S .— George S. Smith, Boston (Pres.): G . B. Baker, Boston
(V .-Pres.); Malcolm G. Chaco, Providence (V .-Pros.); W m . W . Brooks,
Boston (Treas.); It. Y . FitzGerald, Boston (Sec.). General offices, 50
Congress St., Boston.
_
_ „ ,
Directors.— Charles L. Ayliug (Baker, A ylin g & C o .), George B . Baker,
W m . W. Brooks, Stedman Buttrick (Estabrook & C o .), Chas. L . Edgar,
Ilon ry I. Harriman, Roland O. Lamb, Georgo S. Smith, PhiliD Stockton,
E . V . It. Thayer, Philip Young, all o f Boston; Goo. B. Adams, Adams,
Mass.; Robert L . Bacon (Klssell, Kinnlcutt & C o .), John 8. Phipps and
L . H . Shearman (W . R. Grace & C o .), all o f N . Y .; M alcolm G. Chace.
V .-p ., Providence; J . Sloat Fassett, Elmira, N . Y .; Geo. K . Johnson. Phila
delphia; Edward T . Kim ball, Portsmouth, N . H .; Arthur II . Low e, Fitch
burg. Mass.: S. O. M oore. Gen. M g r.. Worcester; Geo. N . Kim ball and
Frank S. Streeter, Concord, N . I I . — (V . 103, p. 243; V . 104, p. 367.)
N E W E N G L A N D C O T T O N Y A R N — Seo page 207.
N E W E N G L A N D T E L E P H O N E & T E L E G R A P H .— This company does
a telephone business In Maine. New Hampshire, Vermont and Massachusetts
under license from the American Bell Telephone Co
On Dec. 3 1 1 9 1 5
It had 494,410 stations, against 464,074 in 1914. O f stock, $29,690,800
on Jan. 1 1917 was owned by Am . Toleph. & Teleg. Co. V . 70, p. 40. 1 o
Dec. 31 1915 had acquired $3,864,350 o f tho $4,000,000 stock o f Providence
Teloph. Co. and now owns 96% o f the entire issue. V. 101. p. 532, 1473.
Stockholders o f record Aug. 15 1916 had the right to subscribe at par,
on or before Sept. 15, for ($7,926,050) new stock in tho proportion o f one
sharo for every six shares then hold, paying either fa) in fu ll on Sept. 30,
or (b) 50% Sept. 30 and 50% M ar. 31. This w ill make the total stock
$55,482,350. See V . 103, p. 498.
D E B E N T U R E S .— Those are to be secured by any m tge. V . 95, p. 1043.
D IV S .— V94. ’ 95. ’98. ’97. ’ 98-’09. ’ 10. ’ l l . ’ 12-’ 15. ,
1916.
Per c e n t . . ) 4 4)4
5 5>4 6 y ’ly
6 6 U 7 y ’ly 1 J£.1M . l J i . l M
Dividend period changed to Q.-M in 1910
V . 87, p. 1667.
R E P O R T .— Cal. year 1915 (V . 102, p. 883): year end. Juno 30 1916:
Calendar
Gross
Net (after
Other
Interest Dividends, Balance,
Year—
Earnings. Taxes, A c .) Income. Rentals,Ac. (7 % ). Surplus.
1915
— $18,484,825 $3,979,888 $331,443 $921,998 $3,099,647 $289,686
1914 ------ 17 583 879 3 704.217 283,295 840,821 3,021.624 125,067
1915-16 — 19,992,816 4.348.663 446,697 955.007 3.246.075 594,277
O ffico, 50 Oliver St., Boston.— (V . 102, p. 715, 883; V. 103, p. 498, 1122.)
N E W J E R S E Y Z IN C C O .— (V . 103. p. 1596, 1690, 2083; V. 104, p. 457.)
Y O R K A I R B R A K E . — Incorporated under laws of New Jersey.
Works at Watertown, N. Y .; capacity, 500 sets of car brakes a day. in
Apr. 1910 sold for $2,250,000 the gas engine business and plant at Moscow,
Russia, retaining air-brake patents, &o., In Russia. V . 90, p. 124..; V . 74,
n 887. In 1912 the Westlnghouse A ir Brake Co. granted asrenera] license
under its U . S. patents. V . 95. p. 748: V. 96. p. 551. War orders and
oarnings in 1916, V. 103, p. 349, 498 , 583 . 669, 706.
NEW
D IV S .— f’ 97-’ 98. *99-’07. 1908-09. 1910. ’ l l . ’ 12. ’ 13. ’ 14 ’ 151916._
P e r c e n t . .) None 8 y ’ ly
None
3
4)4 1)4 6
6 6 2.2.2 b i.o
In N o v. 1916 declared 12)4% regular and 12)4% extra, payable in quar
terly installments o f 5% each on Dec. 22 1916 M ar. 23 June 22 Sept. 21
and Doc. 21 1917, respectively. V . 103, p. 198o; V . 102, p. 715, V. 103,
p. 669.
B O N D S .— V . 86, p. 725, 797, 921, 1104.
R E P O R T .— Report for year end. Dec. 31 1916 in V . 104, p. 658, showed:
Sales,
Net, after Bond, %c., Dividends
Balance,
Total
Calendar
A c.
Taxes,Ac. Interest.
Paid.
Surplus.
Surplus.
Year__
%
S
”
$
S
S
&
1916 .24.144,997 8,394,962 180.000 (11)4)1.149.126 7.065,836 8,082,591
1915 . — 4,770,153 1,558,442 215,156
(6%)599,544 743,742 1,016,754
D IR E C T O R S .— Pres., C . A . Starbuck, 165 Broadway; V .-P ., John C.
Thompson: F. S. Flower, N . F. Brady, G. W . M ead, W m . N . Shaw. Elon
R . Brown and Walter T . Rosen.— (V . 103, p. 1985; V . 104, p. 658.)
N E W Y O R K D O C K C O .— O R G A N IZ A T IO N .— Incorporated in N . Y .
State on July 18 1901 as successor o f the Brooklyn W harf & Warehouse C o.,
foreclosed and reorganized per plan V . 72, p. 93/. V* 73, p. 239, 1355.
Owns water frontage In Brooklyn, “ frontage o f more than 2M miles, o f
which 157 feet leasod. with 10 miles o f railway tracks. V . 90, p. 1365.
178
IN D U STR IAL STOCKS A N D BONDS
[Vol. 104.
Feb ., 1917.]
IN D U S T R IA L STO C K S A N D
M IS C E L L A N E O U S c o m p a n i e s
r[F or aooreviaiions. cic., see notes on first page]
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
179
BO N D S
When
Payable
Last Dividend
and Maturity
Dividends are Payable
M & N N o v 1 1922
$750,000
5g
1892
N ew Y ork & East R iver Ferry C o — 1st M tg e ----------------4
N ew Y ork & East R iv er Qas C o — New Y o rk Edison Co— N ew Y ork Gas, Elec L t, 1 e a t & Po w— SeoC onsolidated Gas Co
M & N May 1 1946
5
4,100,000
$1,000
N Y & Hoboken Ferry Co— H ob okF y 1st con M red. Usm.zc* 1896
do
J & J Jan 1 1946
1,000,000
5
N Y & New Jersey Ferry two mortgages (V 82, p 164)___z 1896
J & D May 1 1946
3,300,000
1,000
5g
Gen M gold $4,000,000............................... ........................ z 1898
3,436.000 9 in 1916 J & J Jan 1 0 ’ 17 4%
100
N Y Mutual Gas Light— Stock (bonds see Consolidated Gas)
Western Union Tel, N Y
M A N May 1 1941
5,000,000
5 g
1,000
N Y Mutual T e l— Mut Union Tel 1st M gu p & 1ext in ’ l l . N.c 1881
Boston
N ew Y ork & Queens E lectric L ig h t & P o w er— See Consoli dated Gas Co o f N ew York
Seaboard N a t Bank, N Y
M A N May 1 1921
5g
1.500.000
1,000
N Y & Richmond Gas— First mortgage gold red 110_.Ce.xc* 1901
200,000shrs
N ew Y ork S h ip b u ild in g C orp— Stk (no par val) 200,000 shs
1946
7,500,000
5
1916
1st M ortgage $25,000,000________________________________
N Y office; and London
M & N N ov 11939
69,798.350
4M
& £
New York lelephonc— 1 st* gen M auth red 110--F .xxc* &r* 1909
5.000.000 See text
Q— J Jan 15 ’ 17 6% N ew Y ork
New York Transit Co— S tock................................................
Dec 1 ’ 16 2)4 % N ew Y ork
2,500,000 See text
N ew Y ork T ra n s p o rta tio n Co— Stock__________________
Newark (N J) Consol Gas Co— See “ Electric R y “ Section
5.757.700 8 in 1916 Q— J Jan 15 ’ 17 2% Checks m ailed.
Niagara Falls Power— Stock $10,500,000 authorized----- Wlnslow.Lanler A Co.NY
Various Jan 1 1932
10,000,000
5g
First mortgage gold____________________________________ Ccx 1891
A A O Jan 1 1932
Bankers’ Trust Co, N Y
8,226,000
6 g
1909
Ref & Gen M $20,000,000 (V 88, p 1441) gold_.B a.xc*& r*
Guaranty Trust Co. N Y
M & N N ov 1 1954
4,506.000
5g
Nlag Lock & Ont P Co— lstM$5.000,000g red U Osf text-Gxc* 1904
F A A Aug 1 1952
N Y , London, Paris, &C
4.105.000
5g
Salmon River Pow Co 1st M $5,000,000 g guar p A 1-- C olx 1912
Guaranty Trust Co, N Y
J & J Jan 1 1941
533.000
5 e
1911
Nlag A E. P. 1st M $1,250.000g H gu sf red 105te x t..G .x o *
8,500.000 8 in 1916 Q— M M a r 20 *17 3 Checks mailed
Niles-Bement-Pond Co— Stock com $8,500,000 (V 83, p 1350)
do
F eb 2 0 ’ 17 1)4
1,595 700 6 in 1916 Q— F
• Pref (a A d) stock 6% cum $3,000,000 call begin 1921 at 105
do
Feb 2 0 ’ 17 I K
1.806,600 6 in 1916 Q— F
■ Pratt A Whitney new 6% cum pref stock guar Jan 1 1921
do
1.000,000 6 In 1916 Q— M Sept 30 ’ 16 1 )4
Niles Tool Works 6% cum preferred stock not guaranteed
1
The railroad department was acquired Oct. 1 1912 by N ew Y ork Dock
R v the capital stock o f which Is owned by the Now York Dock Co. V . 95,
n 1271 1477: V. 96, p. 1026. Plan for municipally-owned water-front
terminal In So. Bklyn.. V . 95. p. 1687; V. 96. p. 1026; V. 97, p. 1355; V. 100.
p 1 1 7 0 . As to agreement with P . S. Commission in Jan. 1916. Seo
V . 102, p. 349, 980.
STOCKS A N D BONDS.— Com. stock, $7,000,000; pref., 5% non-cumu
lative $10,000,000, all In shares of $100 each. A fter 5% on both stocks,
they share equally. Bonds. $450,000 In treas. July 1 1916.
D IV S .—
/ '02. ’03. '04. ’05. '06. '07. ’08. '09. ’ 10.1911. Nonoslnce
On p referred ...\
1
2
2 2)4 3)4 4 4 )* 4
4 2 )4 to Feb ’ 17
E A R N IN G S .— Eleven months Jan. 1 to N o v . 30 1916:
11 Months—
Gross.
Net.
Charges,Ac.
Bal.,Surp.
$1,544,917
8875.5S0
$669,357
1916 .....................$3,152,866
1 9 15 .....................
2,574,244
1,227,328
860,959
366,369
R E P O R T .— Report for 12 mos. ending Juno 30; 1916, gross earnings,
$2,718,868; not, $1,386,207; other income, $30,563; taxes, $379,643; bond,
&c.. int., $502,000; bal., sur., $1,880,068. V. 102, p. 158.
O F F IC E R S .— Chairman, F. S. Landstreet; Pres., William E. H alm ;
V .- l’s.. O. D. Iloagland and C. O’ D. Iselin: Sec.. Edwin Thorne; Com p.,
Arnold C. Hansen; Treas., D. L . T illy . Office, 44 Whitehall .St. (M anhat
tan), N . Y . — (V . 102, p. 158, 349, 526, 980; V. 103, p. 1791.)
NEW Y O R K & EAST R IV E R F E R R Y .— Owns the ‘’ Astoria” Ferry
from foot of 92d St., N. Y .. and has three ferry boats. Stock, $750,000.
Dividends 1901 to 1908, 6% yearly with ono or more extra, since, if any,
not reported. Directors: W illiam A . Nash, Theo. F. Jackson, II. K .
Knapp, E . Lehman and Roswell Eldridge.— (Y . 101, p. 1712.)
NEYV YO RK & HOBOKEN F ER RY CO.— Incorporated N ov. 10 1898.
V. 77. p. 454. In April 1903 Del. Lack. & West H R . acquired entire
$3,300,000 stock. Of the $4,000,000 general 5s of 1898, $700,000 were re
served for Improvements; all are redeemable at 110.— (V . 82, p. 164.)
N. Y. M U T U A L GAS L IG H T .— See C O N S O L ID A T E D GAS.
NEW YO RK M U T U A L T E L E G R A P H .— Successor to the Mutual Union
Telegraph Co. The stock carries dividends of 6% per annum under a lease
for 99 years from Feb. 15 1883 (with privilege of renewal for 999 years from
1883) to Western Union Telegraph, which owns $2,404.3)0 of $2,500,000
■took (par $25) and $3,143,000 of the $5,000,000 bonds.— (V . 93. p. 108).
NEW YO R K A RICHMOND GAS CO.— O R G A N IZ A T IO N . AC.—
Incorp. In New York In 1901. V. 81. p. 667. Stock auth., $1,500,000;
all outstanding; par, $100. Dlv Aug. 1905 to Feb. 1912. Inch, 2% yearly
(F. & A.) and In Feb 1910 and 1911. 1% extra; M ay 1912 to Feb. 1913.
1% (quar.); none since to Oct. 1915. when 1% was paid. 1916, M a r., 1% .
V . 90, p. 450.
Cal. year 1915, gross, $394,376; net, $157,462; int., A c., $77,082; bal..
sur., $80,380. Pros., Wm. J Welsh; Sec. & Treas., W . M . R . Hammond.
— V. 100. p. 479; V. 103. p. 849.)
N E W Y O R K S H IP B U IL D IN G C O R P .— O R G A N IZ A T IO N . Incorp.
in N . Y . N o v. 28 1916 and took over ( V. 103, p. 2159) the entire assets, Ac.,
o f the Now Y ork Shipbuilding Co. o f N . J., with modern plant on tlio Dela
ware River near Camden, N . J.
*
Control.— Controlled by American International Corp. (V . 103, p. 2338),
the International Mercantile Marino Co., W . R . Graco A Co. and the
Pacific M all SS. C o., which concerns control directly or Indirectly American
Line, Atlantic Transport Co., Pacific M a il and W. R . Grace A Co. steamers.
The uncompleted contracts on the books Aug. 51 1916 amounted to over
$13,000,000. Now contracts secured since that date, together with awards
for battleships lately made by the U. S. G ovt,, aggregated in Dec. 1916
about $23,000,000 additional.
S T O C K .— Offered in N . Y . in Dec. 1916 at $47 50 per share. V . 103,
p. 2159. Auth. and issued, 200,000 shares, no par value.
B O N D S .— Total authorized issue, $25,000,000.
E A R N IN G S .— N et available for interest for the yoar ended Aug. 31 1916
was $1,466,344. which, after bond interest o f the now corp., would show
a balance equal to over $5 45 per share on the outstanding capital stock.
2159, 2242.
NEW Y O R K T E L E P H O N E C O .— O R G A N IZ A T IO N .— A consolida
tion In Sept. 1909 of all the Bell telephone companies operating in State
o f N ew Y ork. See V. 91, P- 151, lo7; V . 93, p. 1263. Owns all tho
stock o f the Delaware & Atlantic Teleph. A Teleg. Co. and $59,859,000
of the $59,996,000 stock o f Bell Telephone Co. of Penna. (V . 96, p. 556).
which In turn owns nearly all o f the $15,000,000 stock o f Cent. D i8t.Tel.Co.
of Pittsburgh (V. 97. p. 952). Controls Empire C ity Subway Co. V. 92,
p. 1569; V 93, p. 167, 474; V. 93, p. 1263.
rotahRations. Including service
and connecting stations, Dec. 31 1916, 1,361,179. Proposed purchase of
Federal Tel. A Tel. system o f Buffalo, Ac., V. 103. p. 1215, 1415.
On July 1 1915 the rates were reduced in New York C ity to a 5-cent
basis except In certain districts. V. 100. p. 1082, 1172, 737, 211, 1892.
S T O C K .— Authorized. $150,000,000: outstanding, $125,000,000 (par
$100). all owned by Amor. Telep. A Teleg. Co. V. 89, p. 781, 849; V. 90,
p. 1242; V. 98, p. 1997.
Dividends: In 1910. to and Inch 1916, paid 2% quarterly.
B O N D S .— The "First A Gen. M tg e ." made In 1909 is limited to $75,
000,000 (all o f which have been Issued and $1,870.75) retired by sinking
fund), having a first lien on entire property (inch real estate valued at
approximately $13,9 15.000 plant, lines, underground conduits, franchises
Ac. This mortgage, however. Is subject in part to tho outstanding m ort
gage indebtedness o f bonds listed below, covering properties acquired from
other companies. Issue subject to call In whole, but not In part, at 110
and Int. on any M . & N . V. 89, p. 849, 924, 1351: V. 90, p. 773; V. 91.
p. 131: V. 94. p. 1510. 1569; V. 95. p. 548, 753; V. 102. p. i815; V. 103/p.
1122.
j ,
„
Maturity.
Bonds—
m iOutst'ding.
M et. Tel. A Tel. Co. 1st M . gold s. f . _ 5 M A N z $1,476,000 M ay 1 1918
N . Y . A N . J. Tel. Co. Gen. M . gold s. f.5 M A N z
989,000 M ay 1 1920
N . Y . A Fa. T . & T . Co. 1st M . g. s. f . , 5 F& Az
223.000
Feb. 1 1926
do
do
Gen. M . gold............4 M A N z
476,000 N o v. 1 1929
Cortlandt Home Tel. Co. 1st M . g o ld ..5 A A O z
1.600 Apr. 1 1921
Utica Home Telep. Co. 1st M . gold----- 5 A AO xx
49. .'00 Apr. 1 1923
Albany Homo Tel. Co. 1st M . gold........ 6 J&Jxx
23,500 Jan. 1 1927
Cohoes-VVatexf. Hom eTel.Co. l s t M . g . . 6 J&Jxx
11,500 Jan. 1 1927
’
R E P O R T .— Report for calendar year 1916 in V . 104, p. 557, showed:
Cal.
Gross Net, after
Other
Interest
Dividends
Balance,
Y r.
Earnings. Taxes. A c .
Income.
Charges.
(8% ) .
Surplus.
’ 16.$57,005,565 $15,002,260 $5,604,994 $3,341,913 $10,000,000 $7,265,341
’ 15 . 49,629,446
11,250,7005,952,0663,400,703 10,000,000 3,802,063
Pres., U. N . Bethell; Chairman o f Board, T . N . Vail. N . Y . office,
15 D ey St.— (V . 103, p. 1122, 1215. 1415, 1892; V . 104, p. 557.)
N EW Y O R K T R A N S IT CO.— O R G A N IZ A T IO N . Ao —Incorp. In Now
York in 1892. Owns pipe lines In States o f N ew Y ork and N ew Jersey.
Formerly controlled by Standard Oil Co. o f N . J., but segregated in 1911.
See Standard Oil Co. o f N . J., V . 85, p. 216. 790; V. 93, p. 1390. •
D IV ID E N D S ( % ) —
1912. 1913. 1914. 1915. 1916.
1917.
R e g u la r _______________________ 7)4
10
19
17
16 4 ,., ., E x t r a _________________________ ____
__
__
-__ 2,_,
_
Report for year 1916, V. 102, p. 526, showed net revenue, $1,339,121;
divs. (18 % ), $900,000; bal., sur., $439,121. In 1915, net, $813,729; divs.
(1 6 % ), $800,000; bal., $13,729. Office, 26 Broadway, N . Y . — (V .104,p.457
NEW YO R K TR A N SP O R T A T IO N CO.— O R G A N IZ A T IO N .— Incor
porated In New Jersey on Feb. 21 1899. Stock authorized, $5,000,000; par.
$20, as reduced In Jan. 1902; outstanding. $4,700,000. Shareholders voted
June 15 ’ 16 to reduce the stock from $5,000,000 to $2,590,000 by chang
ing the par value to $10. V. 102. p. 1987,2031. V . 74. p. 99, 215. Owns
entiro capital stocks of Fifth A vo. Coach (V . 97, p. 524) and Metropolitan
(Express) companies. V . 103. p. 325. Initial dividend o f 25 cents, 2 )4 % ,
was paid Sept. 1 1916; Dec. 1 1916, 2)4% (25 cents). Report for 6 mos.
ending Dec. 31 1914 and year ending Juno 30 1914, V . 101, p. 843, 844.
Pres., Richard W . Meade; V.-Pres., Herbert H . Vreeland; Sec., Samuel E.
Morrow; Treas., Geo. L . William s. Office, 10 East 102d St., N . Y . —
V. 103, p. 325, 1795.)
N IA G A R A F A L L S PO W E R C O . (T H E ).— O R G A N IZ A T IO N .— Incor
porated 1886 and has authority by spocial Acts o f Now York State to use
the waters of Niagara River and also to transmit any power, heat or light
developed from such water to practically any point in N ew York State. It
has 1,071 acres o f land devoted to sites for manufacturers using Its power.
Tunnel first oponod Jan. 1 1894. Controls Niagara Junction R y .. which see.
V. 87, p. 222, 1360; V. 88. p. 627; V . 89, p. 849, and Tonawanda Power
C o., V. 88, p. 629, and Canadian Niagara Power Co., V. 102, p. 1350.
In 1915 sold the $1,005,000 Cataract Power & Conduit Co. stock owned
to the Buffalo General Electric Co. for $1,005,000 Buffalo General Electric
1st Ref. 5s and $412,050 cash, with Int. at 6% from Dec. 1 1913.
In 1915-17 the Canadian subsidiary had under installation throe additional
12,500 h.p. generating units. V . 102, p. 710; V. 104, p. 558.
D IV ID E N D S .— April 1910 to Jan. 1917. Inch. 8% per annum.
B O N D S .— The directors on Oct. 19 1909 authorized a mortgage to
socuro $20,000,000 6% bonds. V. 88. p. 1316; V. 90. p. 240, 632, 1299.
R E P O R T .— For 1916 (V . 104, p. 558):
_
Calendar
Gross
Net
Other
Bond
Divs.
Balance,
Year— Earnings. Earnings. Income. Interest,Ac. (8 % ).
Surplus.
1916........ $3,062,836 $2,210,939 $154,875 $1,003,699 $460,616 $901,500
1915 ........ 2,685.598 1.896.838 165.848 1.034.629 460.616 567,442
Pres., Edward A. Wickes; V .-P . & Gen. M g r., Philip P. Barton; Sec.,
Frederick L . Lovelace; Treas. & Asst. Sec., W . Paxton Little. O ffice, N iag
ara Falls, N . Y .; Now York office and transfer office, 15 Broad St.— (V.
102, p. 526, 710, 1350. 1630; V. 103, p. 1596; V. 104, p. 457, 558.)
N IA G A R A LOCKPORT & O N TARIO POW ER CO.— O R G A N IZ A T IO N .
—Incorp. In N. Y May 21 1894 under special charter. Owns transmission
lines over which It supplies numerous operating cos. with power received at
Niagara Falls, N ew Y ork, from Ontario Power Co. (by which it Is con
trolled), under contract running to 1950 and calling for a minimum o f
60.000 horse-power (the present amount), and privilege o f extension under
certain conditions to 2010. Has long-term contracts for supplying 13
public service corporations which operate 1.000 miles o f road In Oswego.
Syracuse and Rochester, and interurban roads extending to points between
Rochester, Buffalo and Erie, &c. V. 95. p. 1691; V. 89, p. 1415; V. 88.
p. 1317: V. 83, p. 158: V. 82, p.395; V. 79, p.737. Also supplies Niagara
& Erio Power Co. V . 94, p. 1692; V . 92, p. 530. S. R . P . Co. also owns
steam plant at Lyons, N . Y ., with 23,000 h. p. capacity. V . 102, p. 2346.
Owns entire capital stock of Salmon River Power Co. (which built a
hydro-electric plant at a point 42 miles northeast o f Syracuse; Initial devclopm entof 15.000 h. p.completed aboutAprll 1 1914.and second develop
ment, 20,000 h. p.. In N ov. 1914, takes entire output under lease running
until 1953. and guarantees bonds, prln. and Int. V. 95. p. 1043; V. 97, p.
954; V. 98, p. 1320; V. 99, p. 53; V. 102, p. 1442, 1991; V. 103. p. 1036. In
1915 was authorized to lease from Northern Now Y ork Power Corp. a 12,000
h. p. plant at M lnetto, N . Y .. on Oswego R iver. Began operating N o v .
1915. V . 100. p. 1082. 1597.
S T O C K .— Outstanding stock, common ($5,000,000 auth.), $1,230,000.
first pref. 6% cum. ($3,000,000 auth.), $2,700,000; 6% non-cum. pref.
($5,000,000 auth.), $2,000,000; par $100. V. 95. p. 301. V. 98, p. 1396:
V. 99, p. 1915; V. 104. p. 457. Dividend on first pref. stock, 1)4 % quar.,
paid Sept. 1 1912 to M ar. 1 1915, inch; none since.
B O N D S .— The 1st gold 5s or 1904 ($5,000,000) all Issued, are callable as
a whole at 110; cum. sink, fund purchases these at not over 120 and Int.;
$191,000 so purchased to Jan 1 1916. V. 85. p. 225; V.88, p. 137: V.90.
p. 506; V. 96, p. 950. In June 1916 $495,000 was to bo paid for power
plant at Lyons. V. 102, p. 2346.
The Salmon River Power Co 1st guar. 5s of 1912 (55.000.000 auth.) have
a cum. annual sinking fund o f 1% begin, in 1916. $895,000 reserved for
not over 90% of cost o f additions, A c. V. 95. p. 1043: V . 99. p. 53. 411.
Niagara Lockp. & Ont. Power Co. and Buffalo A Lake Erie Traction Co.
guarantee 50% each o f Niagara & Erie Pow. Co. 1st 5s and annual sinking
fund payments o f 1)4 % . beginning Jan. 1 1916. V. 94, p. 1692: V. 92, p.530.
R E P O R T .— Cal. year 1915 (V . 102, p. 1893). Y ear end. M a y 31 1916.
Cal.
Gross
Net
Other
Interest,
1st Pref.
Bal.,
Year.
Profit.
Earnings. Income.
Taxes.Ac. Dividends. Surplus.
1915.........$900,301 $704,721 S177.436 $760,611 (3)$S1.000 $40,546
1914_____ 782.635 609.446
153.550
585.379 (6)162,000
15,618
1915-16 .1.561.051
838.984
24.963
598.485
..........
265,461
O F F IC E R S .— Pres., Fred. D . Corey, Buffalo. N . Y .; V .-P ., Langdon A l
bright; Sec. and Asst Treas.. H . E. Nichols: Treas., R. C. Board Buffalo,
N . Y . office. M arine Bank B ldg., Buffalo, N . Y . — (V . 104, p. 457.)
N I LES-BEMEN l-PO N D CO.— O R G A N IZ A T IO N .— Incorporated in New
lersey Aug. 11 1899’ a consolidation of makers of heavy machines. V . 69.
O 388
.
Pref. stock Is rod. at 105 beginning 1921. V. 91, p. 1388. 1634.
C O N T R O L L E D C O M P A N IE S — G U A R A N T IE S .— Owns entire common
<tock ($2,000,000) of Pratt A Whitney Co., guar. 6% on latter’s 52,000,000
prof, stock, provided that the guarantor earns same on its own stock. V. 71|
J 80
M T S C E L LA N E O US CO M P A N IE S
(For abbreviations, &.e., see notes on first page]
Date
1Bonds
Pur
Value
Amount
Outstanding
Bate
%
$100 $29,793,300 5 In 1916
North American— Stock $30,000.000-----------------------100 10,000.000
N o rth ern C al P o w er Co C ons— Common s to c k ------5 g
820.000
1 000
Northern California Pow 1st m tge gold-------- USxxc* 1902
1 000
3,964,00(1
5g
Ret Aeons M $10,000,000 s f callable 1015 at 110.USxxc* 1908
400.000
6
Sacra Val Power 1st M call 1919 at 105 sink fu n d -------- z 1909
500,000
6
1st and refunding mortgage call at 105------- ------------xx 1911
1.061,278
1,000
6
N or Cal deb te x t$561,278 “ A ” ext to 1920; “ 11” due J ’ly ’ 17 1912
1909
600 Ac
4,6.31,500
6g
Nor Idaho <c Mont Pow C o— IstJI $10,000,000 ir call ’ 14 110
S
500 Ac
1,6.54.500
5
N o rth . N Y U tilitie s C o— W atert’ n L & P 1st M s f call 105-- 1909
5
1,000
1,043.500
lst M & R ef auth 310.000,000 s fd call 105................C o.c* 1913
4,000,000 101nl916
100
Northern Pipe Line Co— Stock-------------------- ------- ---------100
7
5,975,000
N o rth e rn S tates P o w er (D e l)— Common stock 350,000,000
P re f (a & d) stk 7% cum $50,000,000 call 110 A divs.
100 12,250,000
7
• Northern States Power Co (of M in t i.)—
500 Ac 18,000,000
5g
, Is tA R e f MS100.000.000 g ca lll0 5 till’36 then 102
Q.c*&r 1916
Gold notes $12,000,000 red to A pr 1921 at 102; to A p r 1925
500 Ac
8,000.000
6g
at 101, thereafter at par---------------------------C C .c*& r* 1916
1,000
7.028.000
Minneapolis Gen Klee 1st M red 110 (V 95. p 180)----- xc* 1904
5g
1!
N o rth w e stern G a s-L ig h t & C oke Co— See Pub Scrv Corp o f Nor them 1 1 no is
1.500.000
500
4H g
Northwestern Telegraph— First, mtge gold guar p * I.
-Eo 1904
7.500.000
100
N ova S cotia Steel & C oa l— Ordinary shares $15,000,000--100
1,000,000
8
I’ referred (a & d) stock cum not callable------------------------100 &e
5.787.100
5g
First m tge (closed) gold s fd
% call 105------------------------ 1909
£1 & c
4,000,000
6
M tgo debenture stock callable 105 after July 1 1919---------- 1909
100 &c
1.000,000
6
ICastorn Car Co 1st M (closed) guar s fd 1% call 105-C*Ar 1912
139; V . 70, p. 1253; V. 72. p. 143: V. 78. p. 1 1 1 3 ; V . 8 0 . o 17:»<i
<
o9. p. 998; V. 90. p. 563. In June 1916 all the bonds and pref. stock of
Ridgoway Machine Co. had been retired.
Also owns entire common stock ot Niles Tool Works, dividends of 6%
yearly on S 1,000.000 having been paid regularly since 1890. In 1905 and
1906 the entire stock of John Bertram A Sons, Ltd., and Pratt & Whitney
Co. of Canada. L td., was acquired. V. 81. p. 977: V. 83. p. 1350.
D IV ID E N D S .— I ’OO. ’01. ’02. ’03. '04. ’05-’ 12. ’ 13. ’ 14. ’ 15. ’ 16. ’ 17.
6
8
8
7
6 y r ly . 114 0 If Z 8 T e x t
Common ( % ) _____ \ 3
In March and Juno 1916 paid 1 'A % quar. and Sopt. and Dec. 2 'A %
quar.; M a r. 1917,3 % . V . 104, p. 565.
,
, T
„
Also 40% in common stock ($2,000,000) paid on com. stock Jan. 2 190/.
R E P O R T .— For cal. year 1916, sco V. 104, p. 65S, showed;
Calendar
Net
Other
Preferred
Common
Balance,
Year—
Income.
Income. Dividends.
Dividends.
Surplus.
1916............$4,964,780 $125,479 $289,688 (8%)$6SO.OOO $4,120,571
2,482 303,369
(1 U ) 127.497
3,341,592
1915............ 3,769,970
Pres., James K . Cullen: Troas., John 13. Cornell: Sec., I'a v Ingalls,
.1 l l B ’w ay, N , Y . — (V . 102, p. 797; V. 103, p. 583; V. 104, p. 565, Go3.)
N1PR B A Y C O .— See United Fruit Co. below.
P.
N O R T H AAIERFCAN C O .— Organized in 1890 in N ew Jorsoy and con
trols or is interested in, Tho Wisconsin Edison C o., which controls M ilwau
kee (W is.) Electric R y . & L t. C o., Milwaukee Light, Heat & Traction Co.
(see “ E l. R y .” Sec.) and Wisconsin Gas & Elec. Co. (V . 95, p. 1124. 1279,
1335 1478; V. 98, p. 1075, 1172), N orth Milwaukee Light & Power Co.
and W ells Power Co.; also tho electric light, power & trolley companies of
Telephone Co., Washington, M o .; also West Kentucky Coal C o., and tho
Detroit Edison Co. Controlled cos. Juno 30 1916, V. 95, p. 1473.
Th e West Kentucky Coal Co. 1st mtge. 25-year 5% bonds. $2,190,000
outstanding Dec. 31 1915. have Interest guaranteed. V. 81, p. 35, 563.
1178; V . 88, p. 999; V. 90, p.301.
D IV ’ D S —
(1904 to Sept. 1907. ’08. '09.
’ 10 to A pr. 1917.
P e r c e n t ....................... I 5 (1 K Q.-March)
0
3X
5 yearly
R E P O R T , A c.— For year end. Dec. 31 (V . 102. p. 980, 1345) showed:
1914.
Cal. Year1915.
1914.
1915.
Cal. YearGross oarnings$ 1,952,503 $2,156,323ID lvs. (6 % )- - $1,489,665 $1,489,665
N ot incom e.. 1,804,777 1,908,7721 Bal., surplus315.112
419,107
On Dec. 31 1915 owned stocks, $27,236,892; bonds, $5,563,411.
D IR E C T O R S .— Edward Q. Keasbey, John 1. Beggs, llen ry II. Fierce
J v . n i K T U U U i OVVy. VV 3 10.1U.
*
~
Sealy, 30 Broad St.— (V . 102, p. 1345.)
N O R T H A M E R IC A N P U L P <c P A P E R C O .— V . 103, p. 1795, 2242.
S
N O R T H B U T T E M IN IN G C O .— (V . 102. p. 1630; V. 103, p. 65. 405.
N O RTHERN C A L IF O R N IA PO W ER CO. C O N SO LID A T E D .- A Cali
fornia corporation having In successful operation 6 hydro-electric olants
combined Installation 48.000 h. p.; water-works, at Redding and W illo w s
also gas plants in Redding, Red Blurf and Willows. In 1912 purchased
Sacramento Valley Power C o., assumnlg $900,000 bonds. V. 93, p. 1538;
' BondP'a n il' No\e' Issues.— O f the $10,000,000 consols. $943,000 r e
served to retire all underlying Issues (Northern California Power Co.
1st M 5s— see above— $826,000; Battle Creek P. 5s. $84,000. due Feb. 2
1936" Keswick Elec. P. 5s. duo June 1 1931, $23,000; and $10,000 Redding
W ater Co. bonds and $5,000,000 for 80% of cost of additions, Ao. See bond
olTertng of N W. Halsey A Co. in V. 93. p. 167; V. 90, p. 853; also see V. 87.
o 1667 °V 92 > 1439. In 1916 tho holders o f tho $634,351 Ser. “ A ” de
bentures o f 1912 extended the same at 6% lnt. from Feb. 1 1916 to Fob. 1
1920 the power company to pay monthly $5,000 on account o f principal.
V . 101. p. 1473.
C A P I T A L S T O C K .— Common outstanding, $10,000,000: par, $100;
monthly divs., 10c. a share from Dec. 1908 to Feb. 1910 and 20c. from
March 1910 to March 1911.Inch: not income since applied to construction
of Coleman plant. Tho stockholders on July 17 1914 authorized $2,000,000
6% cum. pref. stock (none issued to Jan. 1 1916), V. 98, p. 1611: V. 99,
p 274 1303; V. 100, p- 979. Assessments to Jan. 1 1916. $600,000. V.
101. p.’ l 193. 1473.
E A R N I N G S . — F o r year 1915 (in V . 102, p. 1431) and h a lf ye a r 1916:
Calendar
Gross
Net
Othet Bowl,dec.. DepreBalance,
Year__
Earnings. Earnings. Income. Interest, cia’n .& c . Surplus
1915 year
..$776,972 $134,520 $8,511 $362,896 $18,826 $31,309
37,239
441.460 13,794
363.998 54,016
1914 vear........ 765 017
50,567
1916 6 months! 498 677 ------ 241.814-----176,624
14.623
1915 6 months. 358.100 ------ 190.977—
181,113
5,748
. 3,815
..
Chairman. H. II Noble: Pres.. W. F. Detert. Office, San Iranclsco.—
(V 102, p 613, 804. 1413; V. 103, p. 583, 1596.)
N O R T H E R N ID A H O & M O N T A N A P O W . CO. Seo plan V. 104.p.76.
O F F IC E R S .— Pres., H. M . B vile* by; ^ee . ■' 1 Graf; Troas., J. J.
O ’Brien. Ohickgo.— (V . 99, p. 535: V. 103, p. 2434; V. 104, p. 76.)
N O R T H E R N N E W Y O R K U T IL IT IE S , IN C .— Seo page 203.
N O R T H E R N P IP E L IN E C O.— O R G A N IZ A T IO N . A c.— Incorp. In
Pennsylvania in 1889. Owns pipe lines In State o f Pennsy vania. For
merly controlled by Standard Oil Co. o f N . J., but segregated In 1911. See
26 B ’w ay.— (V . 100, p. 313, 479; V . 102, p. 614; V. 104, p. 457.)
N O R T H E R N S T A T E S P O W E R CO. (O F D E L A .). C H IC A G O .— (See
M a p o f Standard Gas A Electric C o.)— O R G A N IZ A T IO N .— Incorp. in Dela
ware on Dec. 23 1909 (V . 90. p. 1299; V . 91. p. 46/. 592). Stock authorized
‘iio o 000 000. in 8100shares, having equal voting power, o f which $50,000.
000 is common stock ($5,975,000 outstanding) and 850.000.000 Is 7% cum
ulative pref.. S I2,250,000 outstanding, redeoraaolo any time at 110— see
above taDle. V. 102. p. 2346; V . 94, p. 1511. A holding company organized
[Vo l . 104
IN D U STR IAL STOCKS A N D BONDS
When
Payable
Q— J
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
Apr 2 1917 1 X 30 Broad St, New York
j
& J June 1 1932
,T & 1) Dec 1 1948
M A N May 1929
,r & J July 1 1941
Semi-an 1917 A 1920
F A A Feb 1 1949
J & .1 Jan 1 1959
J A J July 1 1963
J
A J Jan 3 1917 5%
Q-J 20 Jan 20 T7 1U
Q-J 15 Jan 15 T 7 1M
New York or San Fran
do
do
Anglo-Oal T r C o, San Fr
do
do
do
do
Oont A. Comm T r. Chic
N ew Y ork
Now Y ork A Watertown
N ow York
Checks mailed
do
A
&
O Apr 1 1941
Now Y ork and Chicago
A
J
&
A
O A pr 11926
D Dec 1 1934
Old Colony TrGo,Boston
J
&
Q— J
J &
J &
J &
J Jan 1 1034
1914, 3%
15 Jan 15 T 7 , 2%
j July 1 1959
j Callable only
j July 1 1952
West Un Teleg Co, N Y
T o r. M tl, Bos. London
N Y , London, Montreal
N Y , London, M o n t.,A c
by H . M . Byllesby A C o., Chicago. Soo full statement to N . Y . Stock Ex
change in Doc. 1916, V. 104, p. 265.
Owns tho entire capital stock o f one Northern Statos Power Co. o f M in e . .
which soo below. Annual report V. 102, » . 1433. Prof. divs. paid Apr.
15 1910 to Jan. 15 1917, 7% , or l % % Q -J - (V . 102, p. 1543). An initial
was paid on common stock July 20 1916; Oct. 20,
Jan. 1917.
1 % % . A ll .shareholders o f record July 6 1916 had the right to purchase at
$3 each “ option warrants,” one warrant for each two shares of stock neld,
entitling them between Jan. I 1917 and April 1 1922, If holding 6% 10-year
gold notes o f 1916 (a) to convert tho notes into either stock or (b) to purchase
at an equivalent price (amounting to par and int. and a premium o f 2%
if redeemed prior to A pril 1 1921, and a premium of 1% If redeemed on or
after April 1 1921) one share o f elthor issue for each option warrant held.
V . 103, p. 65. Tho company lu N o v . 1916 had Issued 80,000 o f theso op
tion warrants.
14
1%
14 :
1%
N O R T H E R N S T A T E S P O W E R CO. (O F M IN N E S O T A ).
This operating company (until March 1916 known as Consumers’ Power
C o.) was incorporated in Minnesota in June 1909. V. 102, p. 980. It owns
all tho properties form erly comprising tho Northern States Power Go. sys
tem, directly or through ownership o f all securities except $7,628,000 1st
(closed) M . bonds o f tho Minneapolis General Electric Co. and oxcopt
directors’ qualifying shares.
Supplies electric light and power to approximately 116 municipalities in
M inn., N o. Dak., So. Dak., Wis. and 111.; 13 communities with gas; 5 with
steam heating; 3 with street railways and 1 with telephone sorvieo. Tho
communities served ineludo Minneapolis, St. Paul, Stillwater, Faribault
and M ankato, M inn.: Grand Forks. Fargo and M inot, N . I).; Sioux Falls,
S. D.; Galena, 111., and Platteville, Wis. Population served, estimated
875,000. Th e installed steam and hydro-electric plants have a generating
capacity o f 121,294 h. p.; also owns or controls undeveloped water powers.
N E W S E C U R IT IE S .— Early In 1916 tho property was practically re
capitalized, all tho short-term obligations and all existing bonds except
Minneapolis General Electric 1st M . 5s being paid o f f or provided for, and
$2,000,000 new money obtained for extensions and additions through the
sale o f ( ! ) $2,000,000 additional prof, stock of tho Northern States Power
Co. o f Dela. (V . 102, p. L54.3), and (2) $18,000,000 First & Ref. M . 5s
(V . 102, p. 16,30). and (3) $8,000,000 6% gold notes o f Northern States
Power Co. of M inn. V. 102. p. 1441.
Tho First A Ref. M . o f 1916. made by tho Minnesota Co. (V . 102. p.
1630). is limited to $100,000,000 bonds, o f which $18,000,000 woro sold
forthwith and tho remainder may bo issued (a) for not over 75% o f the cost
o f permanent extensions and additions, when net earnings are twice the
annual bond Interest charge. Including bonds apptiod for; or (b) to retire an
equal amount o f M inn. Gen. Elec. Co. bonds. O f tho company's gross
earnings. 12 % must he set aside annually for maintenance, improve
ments and additions, or for retirement o f bonds. Seo V. 104, p. 264.
The $8,000,000 gold notes Issued In 1916 (V . 102, p. 1441) are part o f an
authorized $12,000,000, protected by a trust agreement which (1) forbids
tho creation and sale of mortgage or other bonds other than tho First A llof.
M . o f 1916, unless theso notes bo first secured by mortgage Uen next junior
to tho First A R ef. M . (2) Restricting tho issuance o f tho remaining notes
to tho construction of electric generating stations or tho acquisition o f public
utility properties. (3) Requiring that $250,000 bo applied annually out
o f any surplus earnings remaining after payment o f prof, dividends for addi
tions and betterments or retlromont o f tho notes.
R E P O R T .— Year 1015, V . 102, p. 1433, and N o v . 30 year 1915-16.
Cal. 1915. Cal. 1914. Cal. 1913. 1915-16.
1914-15.
Gross earnings..$5,121,827 $4,395,869 $3,887,408 $5,986,1.31 $5,048,153
N ot earnings____ 2,866,034 2,364,370 1,956,934 3,303,922 2,808,567
Intorost charges for yoar 1915-16 (not), $1,630,383; pref. divs., $718,237;
common divs., $955,302. V. 103, p. 411.
Annual interest chargo upon complotlou o f 1916 financing, 5% on $7,
628,000 Minneapolis Gonorai Electric Co. bonds. $381,400; 5% on $18,000,
000 Northern States Power Co. bonds, $900,000; 6% on $8,000,000 N orth
ern States Power Co. notes. $480,000.
O F F IC E R S .— Pros., II. M . Byllesby; Sec., R . J. Graf, Chicago; Troas.,
H . R. Frost, Minneapolis. N . Y . office, T rin ity Bldg.; Chicago office,
208 So. La Salle St. II . M . Byllesby A C o., Chicago.— (V . 104, p. 264.)
N ORTHW ESTERN TE L E G R A P H — Owns 10,000 miles of wire and is
leased to Western Union for 99 years, which guarantees dividends at 6% on
$2,500,000 stk. (par $50) and p .A l. on bonds. (V .7 9, p. 216: V.91, p. 1028.)
N O V A S C O T IA S T E E L & C O A L C O .— O R G A N IZ A T IO N .— Incorp.
in N . S. in 1898. Owns steel plant, blast furnaces, collieries, and iron mines
in Capo Breton County, N . S. Output in 1915 (in tons): Coal, 611,92,3;
ore, 125,069; limestone, 79,211; coke, 90,896; pig iron, 73,110; steel ingots,
97,072; finished steel and forgings, 60,283. Also owns $800,000 o f tho $1,
550,000 stock o f Eastern Car Co., Ltd. Sco full statement to N. Y . Stock
Exchange in Oct. 1916 on listing o f ordinary shares in Y . 103, p- 1896.
S T O C K .— Auth. Issuo as Increased Mar. 29 1916, $15,000,000 ordinary,
$1,000,000 pref.; outstanding, seo table abovo.
C AS H D IV .- ’05. '06. ’07. ’08. ’09. TO. ’ l l . T2 . T3 . ’ l l. T 5 . TO.
-ref. stocks. % 8
8
8
8
8
8
8
8
8
4 12
8
lon u n on
% - - -6 l.’ j
1 414 6
6
6 3 0
0
In 1909 a 20% dividend in stock was paid. V. 102, p. 1064.
B O N D S , &c.— First mtgo. auth., $6,000,000; redeemed, $166,691. V,
^Debenture stock Is limited to amount o f paid-up capital. Eastorn Car
!o. 1st 6s. V. 91, p. 1698.
R E P O R T .— For cal. year 1915 (V . 102, p. 1622; V. 104, p. 261):
1915.
1914.
1913.
1912
... .
“ ono " " "
’ 1,185,768
’ or
$908 114
rofits for tho ----year_______ $2,094,170
$338,994
ond, A c., interest___
$481,117
$601,070
$505,136
$412 ,311
Hv. on pref. stock____a(12) 123,600
(4)41,200
(8)82,400
(8)82 .400
»iv. on common sto c k ..
-------(3)180,000 (0)360,000 (6)360 .000
I n U n c r fllTlfl. .V.fi
.
36.310
137.144
,647
Balance, sur. or dcf.sr. 1,453,143 def.$620.420 sur.$75,280 dof.$55,944
a Includes 6 months over-due preference divs. paid to Doc. 31 1915.
N et profits (Incl. sub. cos.) for 6 mos. ending Juno 30 1916 (V . 103, p.
1896) wero $2,790,710, and after deducting fixed charges tho balanco was
$2 413 680
° Pres'., Thomas Cantloy; Vice-Presidents, J. D . M cG regor and W . I ) .
Ross (Toronto); Sec., Archibald M cC oll. Offlco, N ow Glasgow, N . S.—
(V . 103, p. 1892, 1896; V. 104, p. 261.)
OGDEN GAS (C H IC A Q O ).— See People’ s Gas Light & Coke Co.
Feb ., 1
9L7.J
M IS C E L L A N E O U S C O M P A N IE S
[F o r a b b r e v ia tio n s , & c ., see n o tes o n f i r s t p a g e ]
Date
P ar
Bonds
V a lu e
O hio C ities Qas Co— Common stock $10,000,000----------Pref stock. 5 H % cum. $10,000.000........ ............................
gerB notes duo 5625,000 s a call 102 till '19, then 101 G xx.c* 1917
Bonds of Controlled Companies—
Columbus Gas C q 1st M redeemable 110-------------- C e.zc* 1892
Springfield Gas Co 1st M ------------------------------------- - - - - 1896
D ayton Gas Co 1st M (V 90, p 702) g call 105----- C iC l 1910
O h io Fuel Su pply Co— Stock $20,000,000---------------------Ohio Oil Co— Stock----------------- ------- ----------------------------Old D om inion Co (o f M e)— Stock $8,750,000----------------Ontario Power— Stock, $15,000,000 authorized----------------1903
First M $12,000,000 auth g s f (text) ................ —
xxc
1905
Ontario Transm 1st M s f gu p & 1 red 110 to May Ib .x x c
Second mortgage $5,000,000 securing debentures, etc-.x x ’0 5-14
Secured Gold notes callable at p a r ----------------------------- c 1917
Otis Clevator— Stock common $10,000,000- - - - - - - ..............
Stock (a & d) preferred 6% non-cum $6,500,000-- — - -
Convertible debentures $3,200,000 goldred text-_N.x.c * r 1910
O w en s B o ttle A l a c h Co — Com s t o c k $30,000.0(W--- - - - - - P ref stk (a & d) 7% cum callable at 115 & divs $20,000,000
Pabst Brewing Co— Common stock
---------Pref stock (a A d) 7% cumulative redeemable l l o -------1906
First mtge gold red 105 due 515IXM0 ^ r l y . . . - - - - - - -C
Pacific Coast Co— Stock common $7,000,000 (see text) - ----First inef (a & d) stock $1,525,000 5% non-cumulatlve
Second pref (a&d) stk $4,000,000 4% non-cum (see text)
1897
First mortgage *5.000.000 gold
......................... Ba.xxc
1914
Serial notes $1,000,000 authorized...... ......... - ............. .
Am ount
O u ts ta n d in g
R a te
%
W hen
P a y a b le
$25 $7,997,250 8 X In ’ 16
9.002,100
100
5X
J &
5.000,000
6g
1,000
1,000
"io o
1.000
25
100
100
100
1,000
100
100
100
1.000
1.000
T o ta l net, all properties------ ----,--------------------- $4,968,256
Interest on $5,000,000 notes o f 1917 calls for $300,000.
Pros.. Beman G. Dawes; V .-P ., W . E . Hutton; Sec. & Trcas., F. S.
Heath. Orfico, Columbus. O.— (V . 103, p. 2243. 2434; V. 104, p. 169,367.)
O H IO F U E L S U P P L Y C O.— Stock listed on N . Y . Stock Exchange in
Fob. 1917. See V . 104, p. 668.
O H IO O IL CO.— O R G A N IZ A T IO N , &c.— Incorporated in Ohio In
1887. Owns extensivo tracts o f oil lands in Ohio, Indiana and Illinois.
Produces crude oil. See Standard Oil Co. o f N ew Jersey. V. 85, p.
216, 790; V. 86, p. 984. 1227: V. 93, p. 1390.
Tho pipe lines in
Pennsylvania, Ohio, Indiana and Illinois, about 1,100 miles in length, were
In Dec. 1914 transferred to tho Illinois Pipe Lino C o., the latter’s $20,
000.000 stock being distributed pro rata, in tho proportion o f 133 1-3%
among tho Ohio O il Co. stockholders. V. 99, p. 1678, 1915. Shareholders
voted Jan. 31 1917 to increase tho par value o f tho shares o f stock as o f Mar.
20 from $25 to $100, and thus tho total stock from $15,000,000 to $60,000,
000, in order to represent accumulated profits. V. 103. p. 2347, 2435;
V. 104, p. 457.
D IV ID E N D S .—
(1912.
1913.
1916. 1917.
1915.
1914.
20 5 qu.
Regular (per c o n t ) . . . . ( 20
20
20
20
72 19 qu.
37
Extra (per cent)..........I
30
9
From Doc. 1915 to Sept. 1916 paid quarterly 5% and 19% extra; in Dec.
1916 5% and 15% extra; in M ar. 1917 5% and 19% extra. V. 103, p. 1986Balance sheet Dec. 31 1915, V. 102, p. 1166, showed total surplus, $65,
811,743.
•"• M U U 0B 5
D IR E C T O R S .— Pres., James C . Donnell: V .-P ., James IC. Kerr, M a r
shall 1 1 • O. D. Donnell, F. E. Hurley and R. J. Berry, all of Find1
fay 0 . - - ( V . 102. p. 1166: V. 103, p. 1986, 2347, 2435; V. 104, p. 457.
O H IO S T A T E T E L E P H O N E C O .— V . 104, p. 169, 367.
O l D D O M IN IO N CO. (O F M A IN E ).— Stock listed on N . V. Stock
Exchangein March 1916.— (V . 102. p. 980, 1064, 2172; V. 103, p. 583, 2159;
V. 104, p. 77, 457.)
(TM F) O N TA R IO POWER CO OF N IA o A R A F A L L S .— O R G A N IZ A
T IO N -—Organized under special charter of Canadian Parliament and oper
ates hydro-electric plant on Canadian side of Niagara Falls below Horseshoe
Fails: 169,000 h. p. installed M a y 1914. Owns all tho stock o f Ontario
Transmission C o., guarantees its bonds and operates Its property under
leaso ending April 1 1950, with option to purchase or renew the lease for
40 years. V. 91, p. 720‘ V. 92, p. 1315. Has contracts to sell power to
Niagara Lockport & Ontario Power C o., which is controlled. See that
company. Also contracts with Ontario G ov., cities, &c. See V . 88, p.
297; V. 91, p. 1028; V. 94. p. 691; V. 99, p. 1915.
S T O C K .— Auth., $15,000,000. as Increased Fob. 1915: outstanding.
$10,000,000: par, $100. D ivs., I X % quar., paid Dec. 1912 to Dec. 1914.
both Inclusive. V . 100, p. 1077.
B O N D S .— First mtgo. o f 1903 ($595,000 canceled) only $1,421,000
additional issuable) See V. 91, p. 1176: V. 94, p. 1630; V. 86, p. 1413;
V 85, p. 226; V. 80, p. 1127; V. 97. p. 1429: V. 98. p. 1396. Ontario Trans
mission guar, bonds o f the $2,000,000 Issued $195,000 havo been retired,
v 92, p 1315; V. 93, p. 51; V. 90. p. 306; V. 89, p. 352; V. 96, p. 493.
Or the 2d 6s o f 1914 ($5,000,000). $1,660,000 mature N o v. I 1919.
*400 000 in 1917 and $2,880,000 ($120,000 canceled by sink, fd .) In July
1091' Thi' 6s due 1919 are convertible at option o f holders into common
stock as follows: N o v . 1 to Doc. 31 1915, at 80; Jan. 1 to Oct. 31 191 6. at 85
N o v 1 1916 to Oct. 31 1917, at 90; N o v. 1 1917 to Oct. 31 1918. at 95; and
thereafter at lOOieallablo at 100 amLInt. at any time on 60 days notice,
hilt after N o v 1 1915 the holder can nevertheless convert during this period.
The $400 000 due N ov. 1917 will bo exchangeable for par in 2d M . converti
ble f i s V
99 P 1915; V. 100, p. 479. Tho $700,000 gold notes o f 1917
are secured by N iagara Lock. & Out. P. Co. prof, stock (*1,000.000 1st
prof., $400,000 2d pref.) V. 104, p. 457. Company pays 2% normal incomo tax on all bonds.
P la c e s W h e r e In te r e s t a n d
D iv id e n d s are P a y a b le
M a r 1 1917 3%
Jan 1 '1 7 ,114% Central T r Co o f Illinois
J July 1 ’ 17 to^21
Equitable Trust C o. N Y
j
& j July 1 1932
1.390.000
1st N a t Bk, Springf. O
400.000
* j & j Jan 1 1926
N Y , Harris, Forbes &Co
M & S M a r 1 1930
5g
1.482.000
19,813.000 8 in 1916 Q— J 15 Jan 15 1917 2%
See text See text See text M a r 20 >1917 24
Q— M 30 D ec 2 9 ’ 17$3.50 Boston
8.750.000
10.000,000 See text Q— M Dec 1 ’ 14. I X
Can"B~of Com, Tor o rN Y
F & A Feb 1 1943
9.984.000
do
do
M & N M a y 1 1945
1.805.000
Various 1917-1921
4.940.000
6
Q — F N o v 1 1917
700.000
5g
6,371.587 5 in 1916 Q— J Jan 15'17 1 X % Office, 26th St & 11th A v
do
do
Q — J Jan 15 ’ 17 1 X %
6.500.000
6
N . Y . Trust C o.. N Y
A & O Apr 11920
3.200.000
5g
Q— J Jan 1 1917, 5% B y check
9.050.000 See text
do
do
Jan 1 1917 I X
7,257,400
9.764,00015 in 1916 See text See text
Checks mailed
1,611.800 7 in 1916 Q— M 15 Dec 15’ 16 1J<
J & D To June 1 1927 Wisconsin T r Co. Mllw
4g
1.568.000
Q— F Feb 11917 1 Bankers Trust Co, N \
See text
7.000.
000
do
do
1.525.000 5 in 1916 Q— F Feb 1 1917 I k
do
do
4 000 1916 Q— F Feb 1 1917 1%
in
4.000.
do
do
J & n June 1 1946
5.000.
000
do
do
A & O April 1 1917-19
600.000
t*
T.666
1,000
R E P O R T for year ending M ar. 31 1916, in V. 102. p. 1890:
i
Combined Earnings o f all Properties for 12 Months ended Oct. 31.
Net Income after deducting Operating Expenses,
1914-15.
Maintenance, Taxes and Interest—
1915-16.
Four gas cos., after paying lnt. on $3,300,000 (closed)
$691,270
mortgage bonds.... ........... — - — ,- - - ----------------- $732,897
330,414
Ohio Oil and W . Va. divisions, after deducting ln t - . . 1,244,042
See text.
Gunsburg and Fonnan properties and 2 refineries— 2,991,317
L a st D iv id e n d
a n d M a tu rity
8
1,000
25
text
25
100
1,000
O H IO C IT IF S Q A S C O .— (.See M a p .)— O R G A N IZ A T IO N .— Incorpin Ohio April 1914, per plan V. 98, P , 1463, 1819; V. 100, p. 1746; V..103n 2434
Both an operating and holding company; its properties consist o1
tlie following units, each unit operating separately; (1) Public U tility Cos..
(whoso franchises expire as shown), serving a population o f 410,000 and
having in December 1916 102,641 consumers and 915 miles o f mains;
(a) Columbus Gas & Fuel Company (franchise perpetual); (b) Federal
Gas & Fuel Co. (o f Columbus, franchise till 1924); (c) Springfield Gas Co.
(1934); (d) Dayton Gas Co. (1930). (2) Oil Divisions: (a) Ohio D lv., pro
ducing oil; (b) West Virginia D iv., producing oil, gas and gasoline; (c) Okla
homa D iv., producing oil, gas, and gasoline; (d) Ardm ore Refining Co. o f
Ardm ore, Okla.; (e) International Rofining Co. o f Cushing, Okla., refining
oils4(f) Refinery, now under construction at Cabin Creek Junction, W . Va.
In N ov. 1916 purchased tho Gunsburg and Forman o il properties, located
in Cushing and other Oklahoma fields, and having a production o f 5,500
bbls. dailv; and also tho new refineries o f tho Ardm oro Co. at Ardmore,
Okla., and the International Co. at Cushing, with a combined daily capacity
o f 11,000 bbls.
S T O C K .— Common stockholders o f record Dec. 27 1916 were allowetUto
subscribe at $85 per share (par $25) for $1,003,900 now common stock
(full paid Jan. 22 1917), increasing tho outstanding common to about
$7,937,250. V. 103, p. 2434.
D IV ID E N D S .—
1914.
1915.
1916. ,
0 1917.
Common (per cen t).
June 3 X
5 X (Q .-M .) 8 X & 5 stk. 3. . ,
Th o pref. 5 X % stock pays Jan., I X % < Apr., I l '/0\July, 1 H % : Oct...
A
1X % • In Sept. 1916 a stock dividend o f 5% was declared, payable Doc. 1.
V . 101. p. 1632, 1890; V. 102, p. 2081. On M a r. I 1917 paid on common
2 X and X % extra.
N O T E S .— Th e $5,000,000 serial notes dated Jan. 1 1917 are fully d e
scribed in V. 103, p. 2434. There can be no new mortgage, &c., debt whde
these aro outstanding.
j*i
E A R N IN G S .— For the 6 mos. ended Sept. 30 1916: Gross, $548,430; net,
after operating expenses, including taxes. $497,322. V . 103, P- 1980-1 ^ «
181
IN D U STR IAL STOCKS AN D BONDS
R E P O R T .— Report for year ending Dec. 31 1915 in V , 102, P- 607:
Periods
Gross
N e t (after
Other Bond, & c., Divs.
»*tonce.
Ending— Earnings.
Taxes).
Income. Interest.
(5 % ).
Surplus.
1915 (y ea r).$1,606,950 $1,198,610 $149,224 $974,288 - - - - - - $3<3.546
1914 year . 1.525,571
1.293.037
105,485898.443$500,000
79
'00,756
o j i ’s ig
1910 (9 mos.) 1,303,138
$1,092,5581915 (9m os.) 1,165,470-----981,784-----739,966
„ ’S \8
D IR E C T O R S .— .!. J.Albright. N . P . Clement. W m . H . Gratwick. Fred.
D . Corey. Edmund Hayes, Langdon Albright, W m . A , Rogers, K . G.
Board. Buffalo, N . Y ., and M iller Lash, Toronto, Out.
O F F IC E R S .— Pres., J. J. Albright; 1st V .-P ., Langdon Albright; 2d
V .-P ., Fred. D. Corey: Sec. and Treas.. R O. ^oard. O ffice. N1lagara
Falls, Ont.: M arine Bank B ldg., Buffalo, N . Y . — (V . 103, p. 1036, 1795,
V . 104, p. 77.)
_ ,
,
OTIS ELE VATO R CO.— Incorporated N ov. 28 1898 under the laws e f
Mew Jersey and took over about 13 plants. See V . 71. P. 545. Yhn4UP in-RV. 75. p.552; V . 83 .P .4 4 1 : V . 91. P - 399; V . 94. p.825: V . 100. R - 1 0 '°.
Owns over 80% o f the $1,500,000 Otls-Fensom Elevator Co. o f Toronto
stock, which has also outstanding $1 000.000 7% cum. pref. stock. V . 96.
p. 1093. Investigation in Missouri, V . 99. p. 14.>o.
>_
D IV S .—
(1903-06. 1907-10. A p r . ’ l l to Jan. T 4 . Since to Jan. ‘ 17
On com. % .1 2% y ly . 3% y ly .
4% y ly . (1% quar.)
l t f % quar.
D E B E N T U R E S .— These are redeemable since April 1 1913 at 102X
and are convertible into com. stock at par; not less than $100,000 are to be
retired yearly. V . 90. p. 5 6 2 ,1106.1175. N otes Dec. 311915, $2,237,500
against $1,150,000 in 1914.
R E P O R T for year ending Dec. 31 1915. with balance sheet,in V . 102.p.
1161, showed: N et earnings over lnt.. renewals, depreciation &c., $73o.b68,
div. on pref. (6 % ), $390,000; div. on com. (5 % ). | ^ 8’^§5 v b 'r v o o ’
$27 093. OTfice, 11th A ve. between 26th and 2<th Sts., N . Y .
(V . 99.
p. 1455: V . 100, p. 984, 1076; V . 102. p. 1161.)
O W E N S B O T T L E M A C H IN E C O ., T O L E D O .— O R G A N IZ A T IO N .—
Incorporated in Ohio on Dee. 16 1907. succeeding a N . J. corporation o f the
same name Incorp. Sept. 3 1903. Owns the U. S. rights to use and license
other manufacturers to use the Owens bottle-making machine, tbepatents
covering which are held by the Toledo Glass Co., an Ohio corporation.
Plants at Toledo, O., and Clarksburg and Falrmount, A . A a. Output
Y
Includes bottles for such products as catsup, chili sauce, salad d r ^ l n ^ ,
olive oils, syrups, malted beverages, &c. In ^ 1 y,-nj,9nnoSo d itAn ^
o
1
v
(1 667 shares) o f Charles B oldt Co. for about $1,000,000. A . 103, p. 1<95.
V .’ 103, p. 935, 936, 1596.
S T O C K .— The preferred stock is entitled to cumulative pref. dividends
o f 7% per annum; to priority as to assets to Its par value plus accrued d iv i
dend; and is subject to redemption, all or part,, at_ 115 and divs. o n 90
days’ 'notice. Recapitalized In 1916. Old pref., So00,000, being retired
and $7 257 400 new prof., also $1,550,000 new common, being issued.
V . 103,’ p. 935, 669, 1596.
D IV ID E N D S O N C O M M O N S T O C K .—
,
TO-’ l l . ’ 11-T2. ’ 12-’ 13. ’ 13-T4. T 4 -T 5 . T 5 -’ 16. T 6 -T 7 .
Paid In ca sh ..%
10
12
12
12
12
12
Text
Paid in stock____ _ _
__
50
33 1-3
25
2U
On Oct. 1 1916 paid on common shares regular 3% and an extra 8%
V . 103, p. 1122. Ill Jan. 1917 regular 3% and 2% extra.
B O T T L E SA LES.— In 1915-16 (incl. sub. cos.) aggregated 613,959,696
bottles, an increase o f 66% .
..
R E P O R T .— For year end. Sept. 30 1916, V . 104, p. 449; 3 mos. to D ec
Scw(930’ V
107h(ai4j7 Expenses, Pref.Divs. Common Divs.
Balance.
Years—
Income. Deprec.,&c.
(7 % )
(Cash).
1915-16______ $3,436,199 $332,117 $282,426 (20)$1,715,500 $1,106,155
1914-15____ 2,134,880
490,362
-------. . ----------J’ oov’ kvI
1916(3mos.) 1,345,775
48,202 -------- - N o t stated-------- 1.297.573
O F F IC E R S .— Edward D . LIbbey, Pros.; Clarence Brown. W m . 8. AValbridge and W m . H . Boshart, Vice-Presidents; Frederick L . Geddes. Sec
and Michael J. Owens, Vice-Pres. and Treas.— (V . 103* p. 1122, 935, 669*
1596, 1795, 1892: V . 104, p. 449, 457.
P A B S T B R E W IN G C O ., M IL W A U K E E .— Soe page 000.
P A C IF IC C O A S T C O M P A N Y (T H E ).— This company owns one-half
o f tho capital stock o f tho Pacific Steamship Company, which operate*
several steamship lines (22 steamers) plying along the en tire'Pacific Coast
from N om e, Alaska, to M exico. Also owns all the securities o f Pacific Coast
R R . (old Col. & Puget Sound R R .). Seattle to Franklin, Wash.. & c., w ith
branches, 57 miles; Pacific Coast R y. (narrow gauge). Port San Luis,
Cal , to Los Olivos. &c.. with branches, 103 miles: Pacific Coast ooai Co.,
owning FraDklln mines, with 3.850 acres at Franklin. W ash.; Black Dia
mond mines. with 4.670 acres at Black Diamond. Wash ; Newcastle mines,
with 2.520 acres at Newcastle, Wash., and South Prairie mlnf\ with 1.140
acres at Burnett. Wash.; and coal-handling plants at Seattle Tacoma, Sao
Francisco and Portland. Ore.. Juneau and Nome Alaska
(V . 83 p. i048.>
1917
D IV . Since’08— f 1909. TO. ’ l l . T 2 . T 3 . T 4 . *15. 1916
1 qu.
0
C om m on____ ( %) \ 4 X
9
6 6
6 5
2
I X qu.
5
6
o 5
o o
. 5
First pref----- (% )
1 qu.
4
Second p r e f..(% ) l 4 X
9
6 6
6 5
4
A fter 4% on 2d pref. and com., these share equally. V. 92. p. 122. In
*— •
Aug. 1914 divs. on 2d pref. and com. were reduced from 1 V to l % quar.
4
V 99 p.202. Tho common div. was resumed Feb. 1 1917 at 1% quar.
O f the serial notes ($1,000,000 auth.), $750,000 have been sold $150,000
due April 1 1916 and $200,000 each on April 1 1917, 1918 and 1919.
The $150,000 serial notes due April 1 1916 were paid at maturity.
R E P O R T for year ending Ju n: 30 1916, In V . 103, p. Q,6
1 .8?Nstlo1
Y?4:
1915-16. 1914-15.
1915-16. 1914-15.
$
$
J u n e 30 Y e a r —
$
S
368.837
Gross earnings..7,212.557 6,284,493 T o t. chgs., & c_. 451.321
76,250
76,250
N et, after taxes. 978,467
680,420 1st p f. d iv. (5 % )
160,000
74,927
8,669 2d pf. div. (4% ) 160,000
Other Income___
210.000
Com. divs. (3% )
Gross incom e.. . 1,053,393
689,089
Balance..........sur .365,822df. 125,998
O F F IC E R S , & C .— Pres., AVm. M . Barnum, N . Y .; V .-P . & Gen. M gr-,
E. C . W ard, Seattle; Sec.. John It. Kelly; Treas., W alter Barnum. N . A .
offlco. 10 AVall St.— (V . 102, p. 1064; V . 103, ]>. 325. 1215, 1416, 1686.)
P A C IF IC G A S & E L E C T R IC C O „ SAN F R A N .— See "E l.R y .S e c .”
P A C IF IC M A IL S T E A M S H IP .— (V . 101, P - 2076: V . 102, p. 526. 804.
890, 1441, 1722, 1725, 1901,2250, 2259, 2261: V. 103. p. 669, 841. 189-.)
182
IN D U STRIAL STOCKS AND BONDS
[Vol . 104.
M IS C E L L A N E O U S C O M P A N IE S
[F o r a b b r e v ia tio n s , A c . , see n o te s o n f i r s t p a g e ]
Date
Bonds
Par
V a lu e
Am ount
O u ts ta n d in g
W hen
P a y a b le
B a te
%
$100 $10,559,500
P a c L t & Pow C oro— Com stock $25,000,000 auth--------000
100 5.000.
1st pref ( p & d) stock $5,000,000 6% cum----------------100 9.975.000
2d pref stock $10,000,000 5% c u m ..----------------------5 g
7.634.000
1,000
Pac Lt & P Co 1st M call 110----------- ------------- ---------- xc* 1902
5
37.000
Montono Power Co first mortgage 5s................................. 1901
6
282,000
San Oabriol Electric Co 1st M 6s call at 104 and Interest. . 1898
2.338.000
1,000
Gold notes conv Into bonds So Cal Gas C o . callable par. Rxc* 1915
68
1.000 13.715.000
1 s t * R ef M 535,000.000 e .............. ......................... Usm.x 1911
6.100.000
100
Pacific Power & Light Co— Common stock, $6,000,000........
7
100 2.500.000
Fhst preferred (a & d) 7% cum $3,500,000 red 115-------1.500.000 See text
100
Second preferred red par convertible $2,500.000........ - - -
5g
7.330.000
1910 $ ,£ .fr& c
First A R ef M $30,000,000 gold see te x t........ -Usm.xo &r
Pacific Tclep & Teleg— 1st A Coll T r M $35,000,000 g red 110
1.000Ac 33.766.000
beg 1922 s f ............................. ............................,
&JL 1907
7.030.000
1.000
Home Long Distance Telephone Co 1st M assumed -- - xx 1912
5g
1.561.000
200 Ac
Homo T el & T e l Co Spokano 1st M ass’d s f call 105--xxc* 1906
100 11.656.930 7 in 1916
P a ck ard M o tor Car C o— Common stock $13^00,000 a u th ..
7
100 8 .000. 000
Pref stock 7% cum $8,000,000 callable>1101& d v
5g
1,000 5,000,000
Three-year 5% gold notes auth $7,500,000 ca lla b le101--- 1916
50 30,494,750
P a n -A m er P e tro l & T ra n s p o rt.C o —C o m „s tk § l25-2°°xS00
100 10 . 000,000
7% conv prof rod at 115 and divs to 1936 $25,000,000..
i*
P A C IF IC L I G H T & P O W E R C O R P O R A T IO N O F LO S A N G E L E S .
__ O R G A N IZ A T IO N .— Incorp. in California Jan. 12 1910. Supplies eloctricity for lighting, power and streot railway business in Los Angeles, etc.
P H Y S IC A L P R O P E R T IE S .— (a) T w o modern steam plants o f 52,900
. p. capac
” ' "
'
I
" "
“ ~
“
_ . p ., locat
m °Fr^m ) Oounty,~240Iniles north o f Los Angeles, has a capacity o f 80,400
h p
Company operates 1,184 miles o f high-tension transmission line and
1,876 miles o f overhead distributing systom; also an underground conduit
system in Los Angelos.
_ . fi
„
„ T
„,
_
In 1916 the entiro capital stock o f M t. W hitney Power & Elec. Co. was
purchased by Interests identified with the company, subject to $3,560,000
6 % bonds due Oct. 1 1939, (but callable at 110 till 1929 and thereafter at
1% less each year till maturity. Sinking fund, 1% . V . 99, p. 1486).
V . 103, p. 1511; V . 102. p. 2346, 2080; V. 101, p. 927.
C A P I T A L S T O C K .— Th e m ajority stock owned by H . E . Huntington,
was acquired in Dec. 1916 by So. C alif. Edison Co. (which see b elow ). along
w ith $5,000,000 o f First & Ref. M . bonds and $1,096,048 o f floating debt.
See that company below. M erger and assumption o f bonded debt proposed
in Feb. 1917.
BONDS.— Of the $10,000,000 Pacific Light A Power Co. 1st m tge.5sof
cannot be called. Sinking fund now 2
annually of bonds out to be
Invested In the bonds at not more than 110; otherwise in other securities.
Th e First & Rof. M . 5s o f 1911 are due Sept. 1 1951, but redeemable, all
o r nart (by lot for sink. fund), on any intorcst date on 60 days’ notice at
105 and hit. Authorized. $35,000,000, viz.: (a) $8,179,000 reserved to
rotlro $8,179,000 outstanding iiens; (b) $13,715,000 held by public; (c)
*543 000 alive in sinking fund; (d) $5,000,000 rosorve for future con
struction at Big Creek. Balance reserved for future betterments at
85% o f cost, when the annual not income is
times all rentals and
Interest as then to bo increased, except that no interest on Issue ($10.
000,000) is to bo included until their proceeds are expended upon con
struction o f the now plants for 53,000 h. p .f or until such plants
aro completed. Annual cash sinking fund, commencing Sept. 1
1Q14 eciual to 1% o f the maximum amount o f bonds issued. incl. bonds re
served for refunding. V. 94. p. 356. 634; V. 98. p. 527. 1541; V 102, p. 1631.
Th e $2 338.000 2-year 6% coll, trust notes aro secured by deposit o f
S3 118 000 out o f a total issue o f $4,000,000 1st M . 6% bonds and $3,060,
000 (5 i% ) o f stock o f So. C alll. Gas Co. V . 101, p. 2172.
E A R N IN G S .— Eight months ended Aug. 31:
8 Months to Aug. 31 „ Gross
Net, after
Earnings.
Taxes, A c.
1916
..$2,140,483
$1,418,962
1
9
1
5
1
.906,859
1,277,601
,
Fixed
Bal.-sur.
Charges. Inc.Oth. In c.
$819,460
$667,363
861,515
499,462
E A R N IN G S .— Y ear ending Doc. 31 1915. V . 102, p. 1064:
,
Calendar Year—
Gross.
N et.
Bond In t..A c . Surplus.
1915......................- ............ $3,049,745 $2,066,190 $1,357,604 $708,586
1914 ................................ 2.825.253
1,797.656
1,307.788
489.968
O F F IC E R S .— Pros.,
E. Huntington: V .-P ., G. O. W ard and W . E.
Dunn; Treas. A Comp., A . N . Kem p.— (V . 103, p. 1795, 1986.)
n.
PA C IF IC POW ER & LIG H T CO.— O R G A N IZ A T IO N .— Incorporated
In Mulne on June 16 1910 and serves an extensive territory In Washington,
■Oregon and Idaho, embracing, among others, Walla W alla, Pendleton,
Pasco, N orth Yakima, Hood River, The Dalles; also the seaport city o f
Astoria. Owns all except directors’ shares o f Walla W alla lty ., which
operates tho street railways in W alla W alla and Interurban line between
Walla W alla and M ilton, Ore.; total 30.45 miles. Does gas and electric
business In the Columbia, Yakim a and Walla Walla valleys and also In the
city o f Astoria, Ore., and gas business In city o f Lewiston, Idaho. See de
scription, V. 91. p. 1634; V. 93, p. 171; V . 96, p. 793, and report.V .97.p.ll4.
The American Power & Light Co. (controlled by tho Electric Bond A
Sharo Interests) owns all o f tho common and second preferred stock.
S T O C K .— Pref. is red. at 115 and div. on any div. dato. See V. 91,
n 163‘P V. 94, p. 208. Dlvs. on 2d pref. aro cum. at 6% from date o f Issue
to Jan. 1 1913 and thereafter at 7% . Red. at any time at par and accrued
d iv and also conv.. In lots o f 1,000 shares or moro, into prof, stock, par for
Dar" whenever, in any 12 consecutive months, earns, applicable to divs.
■hail have been 244 times div. requirements upon prof, stock, incl. stock
which it Is proposed to issue in exchange. V. 93. p. 1726; V . 94. p. 7C
mvldends— On pref.. I X % quar. from N o v . 1910 to Feb. 1 1917. On 2d
pref. 1!4% quar. M a y, Aug. and N o v . 1 1912; from Jan. 1913. to N o v .
15 1915, lncl., paid 1M % quar. On common various rates have boen paid.
BONDS.__Of the 1st and ref. 5s ($30,000,000 authorized issue), the unssued bonds arc reserved for Issue at 80% of tho actual cost, reasonable
worth and replacement value o f Impts. and add’ns. Subj. to call as a whole
or in part for impt. fund beginning Aug. 1 1915 on any int. day at 105
and Int. to Deo. 31 1925; 104 and lnt. during 1926: 103 In 1927; 102 in 1928:
101 in 1929 to July 31 1930. Issuablo in doflars, sterling, francs, marks and
guilders. V . 93. p. 536; V. 94, p. 279; V. 96. p. 793; V. 100. p. 402.
^ E A R N IN G fL — For yoars.ending Doc. 31 (see A m . Pow. & L t. C o..
Year— ^G ro s s .
Net.
Interest. Pref.D iv. 2dPf.Div. Surplus
1915 .....$1,429,967 $733,045 $381,955 $166,250 $105,000 $79,840
1914........ 1.387,685 715,361
385.109
140,000
105.000 85.252
O F F IC E R S .— Pres., Guy W . Talbot; V.-Ps.. E. W . Hill, F. G. Sykes.
A . S. Grenier and Edw. Oookingham; Secretary, George F. Nevins;
Treas., E. P. Summerson. 71 B’way, N . Y .; Asst. Sec. A Asst. Treas.,
M . H. Arning. Offices, Portland, Oro., and 71 B ’ way, N . Y . — (V . 96, p.
793; V. 97, p. 55, 121; V. 99, p. 53; V . 100. p. 402, 1758; V. 102. p. 1722.)
P A C IF IC T E L E P H O N E & T E L E O R A P H C O. — O R G A N ’ N .— Incorp.
In Cal. Dec. 31 1906. V. 84, p. 54. 163. Stations Doc. 31 1916,
764 993. In March 1912 purchased tho Bay Cities Homo Telep. Co. for
*895 000 cash, $1,300,000 Pac. Tel. & T el. stock and $7,080,000 Homo Long
Distance Telep. Co. bonds guar, by the Pacific Tel. A T el. Co. V. 95, p.
180 1406- V. 96, p. 207, 291. Settlement o f anti-trust suit, V. 97. p. 241;
V. 98 D. 1003; V . 99, p. 898, 1371. As to Southern California Telephone
■Co see V. 102, p. 1441, 1631.
Stnnk common $18,000,000. all outstanding; pref., 6% cum. (also pref
as to asscTsl $32 OOO.nOO auth.. outstanding *32.000.000
\-nc-|e.ir.
Tclon A T e le g . C o . on Jan. 1 1917 owned $ 11.737.600 com . and $22.950.800
pref
V. 99 p. 1533. Pref. divs. paid regularly. 6% per aim. (Q.-J. 15).
183
IN D U STR IAL STOCKS A N D BONDS
F eb., 1917J
L a s t D iv id e n d
a n d M a tu rity
P la c e s W h e r e In t e r e s t a n d
D iv id e n d s a re P a y a b le
A .1 July 1 1942
& D Dec 1 1931
A & O Apr 1 1928
J A J July l 1917
M A S Sent 1 1951
See text
Q— F
Fob 1 1917 1 H
Q— F See text
F A A Aug 11930
Nat Bk of Com ,N Y A S F
Los Angeles. Cal
Los Angeles, Cal.
N ew Y ork
Los Angeles U i n
Checks mailed
do
do
do
do
U S M tg A T r Co. N Y
A J
A J
M & N 15
See text
Q— M
A & O 15
U S M tg A T r .N Y ;A S Fr
Nat City Bk, N Y or SFr
Office, Spokane
Detroit
do
Central Trust Co, N Y
Q—J
Jan 21937
Jan 2 1932
M a y 15 1936
Feb 1 1917.2%
Dec 15 1916 154
Oct 15 1919
Jan 2 1917 I X
B O N D S .— “ First and collateral trust” 5s o f 1907 ($35,000,000. all Issued;
auth. issue. Mercantile Trust C o., San Francisco, trustee) have a sinking
fund beginning 1912 which will retire about 30% by m aturity. V . 88.
p. 825; V . 90. p. 854; V . 91, p. 720; V. 92. p. 1569; V . 93, p. 349. 412;
V . 95, p. 180; V . 97. p. 954; V . 98. p. 309. 391. ,
R E P O R T .— For cal. year 1916:
„ .
_ ,
Cal.
Gross
Net, after
Other
Interest, Pref. Divs. Balance,
Year— Earninas. Taxes, A c. Income. Rents. A c.
(§% )•
Surplus.
1916
$21 255A 79 $4,621,885 $223,958 $2,700,046 $1,920,000 $225,797
1915
20.114.453 4,543.175 185.561 2.707,136 1,920,000 101.600
— (V .T O I, p. 292? 374, 804, 883, 1441, 1631; V . 103, p. 941, 1986. 2159.)
P A C K A R D A lO TO R C A R C O .— O R G A N IZ A T IO N .— Incorp. In M ich .
Sept. 1 1909 as successor company to West Virginia company o f same name.
Plant at Detroit. N et assets Sept. 1 1916. $26,003,274. V. 103, p. 576.
S T O C K .— In June 1916 tho authorized lim it o f common stock was in
creased from $8,000,000 ($7,771,800 outstanding) to $13,000,000. Sub
sequently a dividend o f 60% in common stock was declared, payable Aug. 1
to common shareholders or record Juno 16. Pref- stock (V . 102, p. 2172,
2259) o f $3,000,000 was sold in Jan. 1916. Pref. callable at 110 and divs.
° nN O ’^E S ?-^u thorizod?$7,500.0001 outstanding,$5.000.000 3-year 5% gold
;
notes dated Oct. 16 1916 and due Oct. 15 1919. ca lable on any int. date
at option o f company at 101 and lnt. on 30 days notice. N o issue or
debenture notes or bonds, secured or unsecured, or mortgage or deed o f
trust, can be created without first paying or making provision fo rth e retire
ment or prior payment of all outstanding notes o f this iss}|£- Th e S3,000.000 notes duo Dec. 1 1916 were paid off. V . 103, p. 1986.
D IV ID E N D S .— Pref., 7% ( I X % Q -M O from Dec. 1909 to Dec. 1916.
Common. 40% paid in common Stock Oct. 1913. 10% payable in Com
stock Feb. 1916 and I X % cash Feb., M a y , Aug. and N o v. 1 1916. 50%
payable in common stock Aug. 1 1916; 1917, Feb., 2 % .
R E P O R T .- F o r year to Aug . M 1916see V . 103. P- 1685. 5 7 6 . ^ ^
N e t earnings................... $6,198,554
455,000
Preferred dividends (7 % )
400,uuu
Common d ivs., cash— (7 %)395,602
do
stock___(60%)4,591,630
$2,769,556
S I .161.054
S2.364.568
350,000
350,000
3..0.000
IIIIIZII (40)2'6o67ooo _________
_ ____________
Balance to surplus____ $756,324 $2,419.556df$l,188,946 $2,014,568
O F F IC E R S .— Pres.. Alvan Macauley; V .-P ., R . A . Alger; Sec. A Treas.,
P . H . M cM illan. Office, Detroit.— (V . 102, p. 2081, 2172, 2259; V . 103,
p. 576, 1685, 1986, 2243.)
P A IG E -D E T R O IT
M O TO R
C A R
C O .,
D E T R O I T .— O R G A N I Z A
T I O N . — O r g a n i z e d i n 1909 i n M i c h , w i t h c a p i t a l o f $100,000 t o m a n u f a c
t u r e fo u r -c y lin d e r m o t o r c a r s , b u t a t p r e s e n t m a k e o n ly s ix -c y lin d e r m a
c h in e s .
P l a n t a t D e t r o i t h a s 10 a c r e s o f f l o o r s p a c e .
A g e n c ie s in m o r e
t h a n 1,100 c i t i e s a n d t o w n s .
P r o d u c t i o n i n 1910 w a s 267 c a r s .
In crea sed
i n 1915 t o 7,749 c a r s . V . 103,_p. 2347.
. , . „ , ,
.,
Capitalization (no Mortgage Debt)—
non g l'n m w U i
7% cum. serial pref. (a. A d .) stock (par $10).......... $o’ nnn’nnn
’ 500 000
Common stock (par value $10)-------- -------— 2,000,000
1.500,000
S T O C K .— Chandler A Co. recently sold the remaining portion or tne
$1,000,000 issue at 98 and div. Stock retirable as a whole at any div.
period (Q.-J.) at 105%. Co. w ill redeem $100,000 annually on Jan. 1 1918
t0 I i f event ■ f absolution, pref. stockholders w ill receive par and divs. Prof,
o
holders will vote i f tw o consecutive pref. divs. are defaulted or i f net bal
ance o f quick assets shall bo less than 110% o f the pref. stock then out
standing. N o mortgage can be made while pref. stock is outstanding
without consent o f 75% o f both classes o f outstanding stock. Same is
necessary for increase in pref. outstanding stock.
.
D IV ID E N D S .— Stock dividends o f 230% have been paid since the
organization o f the co.— 100% in Aug. 1915; 80% in (May 1916 and 50%
in Sept., in addition to two cash dividends which are now 3% m onthly.
^ E?\ R N IN G B .—
nvw^«iTi«£r
,
13 M os. to Dec. 13 ’ 15. 10 M o s .to O c t.31 ’ 16.
$7,471,033
$9,899,790
Net*inTOme a va ila b leV o r d iv s l
*
•609,776
w ,
964.442
Pres., Harry M . Jewett; V .-P ., E . II. Jewett; Sec., W illiam B. Cady,
Treas., Gilbert W . Lee.— (V . 104, p. 367.)
P A N - A M E R I C A N P E T R O L E U M & T R A N S P O R T CO .— (See M a p .)—
O R G A N IZ A T IO N .— Organized in Dolaware on Feb. 4 1916 and owns
$17,500,000 common and $9,035,000 8% pref. stock '0 cin g a b ou t5 1 % o f
the total o f both Issues) o f the Mexican Petroleum Co., Ltd.; $2,900,000 capi
tal stock o f Petroleum Transport Co., and $777,500 par value other stKmrities,
representing oil holdings in California aad Texas and marketing facilities
in South America. Theso holdings constitute a m ajority interest in the
control o f what tho management bollevestobo tho largw t and richest area
o f proven oil territory in the world under one <
ownership, embracing ap
proximately 600.000 acres o f land and appraised at over $294,000,000 by
5tAlso%urposes to acquire further oil holdings in California and to develop
now oil fields in Central and South America, enabling it to deliver oil directly
or through subsidiaries to the industries o f the Pacific Coast and Atlantic
Soaboarcf o f both Americas, in addition to participating in the world-wide
m T h e * fle e t < w n e ^ n d ? ? o n t r o l l e d b y s u b s id ia r ie s , in c o m m i ^ i o n a n d n o w
b u i l d i n g , 28 t a n k v e s s e l s o r a t o t a l c a r r y i n g c a p a c i t y o f 1 . 6 0 0 , 0 0 0 b a r r e l s .
S T O C K .— Th e prof, stock has preference as to both assets and earnings
and is convertible at any time up to Jan. 1 1936 into com. at rate o f $ l lo
pref. for $100 common, but if callod, tho conversion period w ill extend up
to 30 days prior to redemption date.
....
,
T h e c o m p a n y c a n n o t , w it h o u t c o n s e n t o f tw o -t h ir d s o f th e p r e r . s t o c k ,
c r e a t e a n y m o r t g a g e o r lie n u p o n it s p r o p e r t i e s , r e a l o r p e r s o n a l.
T h e p r e f.
h a s n o v o t e e x c e p t a s a b o v e , u n l e s s t h e p r e f . d i v . is u u p a i d f o r o n e f u l l y e a r .
T h e r e m a in d e r o f t h o a u t h . p r o f , s t o c k m u s t n o t b e is s u e d e x c e p t f o r c a s h
( i . 0 ., a t p a r ) .
S e o o f f e r in g b y W m . S a lo m o n A C o . in A p r il 1 9 1 6 , V 1 0 2 ,
p . 1253.
T h e p r e f . s h a r e s w e r e l i s t e d o n t h e N . Y . S t o c k E x c h a n g e in
N o v . 1916.
V. 103, p. 1795. D ivs. o n p r e f . s t o c k : J u l y 1 1916, 1-3,
I X : 1917. J a n . , I X A N N U A L E A R N IN G S .— Earns, o f subsidiaries applicable to Pan-Am er.
C o., based, as to M ex. Pet., on oil sold for delivery in 1916:
Years ending Dec. 31:
, , . 1916 est.
1915.
A r . 13-15.
Earnings applicable to Pan-Am. Co. (incl.
O c t .,
M r ® " 1 1916 “ “ ,W° '. '“
^
^ ^ S l. S O S .O O O 52.135.111 S2.197.407
’ i 0:0?0:000.
700.000
700.000
700.000
F eb ., 1017. J
185
IN D U STR IAL STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
[ F o r a b b r e v i a t i o n s , & c., s e e n o t e s on f i r s t p a g e
Peerless T r u c k & .Motor C orp— Cap stk autti $20,000,000-
Convertible gold notes callablo at 102—
-------Bae*
P e n n s y lv a n ia Steel C o— Soe Bethlehem Steel Co.
P e n n s y lv a n ia U tilitie s C o - l s t M c a l l 1 0 5 - . . - - . -K c *ftr*
t'eoole’ s lias Light & Coke (Chicago)— Stock (See te x t)- ..
First Consolidated mortgage tor $10,000,000 gold— Cc.c
D a te
Bonds
Am ount
O u ts ta n d in g
Par
V a lu e
$50 $ 10 ,000,000
5,000,000
1915
1,000
1916
100 &e
1893
1887
1886
1897
nciuuuiu/i Uio*
v xwiv./wtvv/w t> --- - --1897
Mutual Fuel Gas first mortgage assumed
1892
Calum et Gas first m o rtg ag e assum ed--------------------------- -General and R e f M gold (see tex t)-------------------------,-IC 1913
Indiana Natural Gas & Oil Ret M tg e closed gold gu p & i-Gu 1906
Ogden Ga3 first mortgage $6,000,000 guar prlu & ln t----- V 1900
Pettibone Mulliken Co— Com m on stock. $7,000.000-----------1st pref (a&d) 7% cum red 115 see text ----------------------2d pref 7% cum, $750,000 red (see tex t) ...........................
Phelps. Dodge & Co— Stock $45,000,000 ----- ----------------Philadelphia Electric— Stock full paid S25 per sh. (t e x t )- - - 1899
Trust cert gold $17,500,000 (sec text) $15,014,142
1896
Edison Electric trust certs g (1,901,300)-------------- H
Old Phlla Elec trust, ctfs (11,268,030)------ -------------------z
1915
N otes redeemable (text) to be paid o ff Aug 1 1917
• New Securities to Replace Foregoing under Plan—•
Phila Elec Co (o f Penn) stock *5 0 .0 0 0 ,0 0 0 .---------F ir s t m tg $60,000,00015% call 110fro m Oct 1 2 1 k « c * & r * 1916
1916
sk fd $212,000 y ’r ly |4 % ca ll 105 from O ct 1 21 k x x c *& r
P ie rc e -A rro w M o tor Car .C orporation-—1 ommon.- - - - - - C
P re f (a & d) 8% cum $10,000,000 s f call 125 convertible.-
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
100
100
25
100 ~&c
1.000
1,000
3.000.
38.500.000
4.900.000
9.931.000
4.246.000
20.554.000
5.000.
350.000
1.712.000
6.000.
6,000,000
7,000,000
1.750.000
750,000
45.000.
24.987.750
less than!
1.413.0001
3,500,000
R a te
%
6g
5
000 g
6 X in T6
6g
5e
5*
if
000
Is
000
if
7 In
7 in
See
000
See
W h en
P a y a b le
L a st D iv id e n d
and M a tu rity
M & N 10 N o v 10 1925
A
& O
Q— F
A & O
J & J
J & D
M & S
M & N
Q— J
J & D
M & N
M & N
A
A
Bankers Trust Co, N Y
N ew Y ork & Philadelphia
Apr 1 1946
Feb 24 ’ 17 1H C o.’s office, Chicago
Central Trust Co, N Y
Apr 1 1943
Cent T r , N Y ; & Chicago
July 1 1937
do
do
Dec 11936
Central T r, N Y ; & Chi
Sept 1 1947
do
do
N ov 1 1947
Central T r Co o f 111, Chic
July 1 1917
Illinois T r & S B , Ohio
Dec 1 1963
Central Trust Co, N Y
May 1 1936
Farmers L & T r Co. N Y
May 1 1945
Q~J
Jan~2 M7,” l
1916
Q— J Jan 2 ’ 17. 1J*%
1916
text Q— M 31 Dec29 ’ 16. 12)4
text Q— M Dec 15 T6 . I X
J & J Oct 1949
4g
A & O After A pl 1 1946
A & O Apr 1 1948
5g
F & A Aug 11917
5
See text
(?)
100 &c 33,663,300
5g
4g
1,671,700
100 &e
N ew
None 250,000 shs
000 8
100 10.000.
P la c e s W h e r e In te r e s t a n a
D iv id e n d s a re P a y a b le
& O Oct 11966
& O Oct 11966
N ew
Q — J Jan 2 1917
Checks mailed
do
do
Office 99 John St. N Y
Checks mailed
Land T itle & Trust, Phlla
Fidelity Trust Co. Phlla
Land T itle & Trust. Phila
Drexel & C o, Philadel’la
Philadelphia
do
PH E I PS DODGE & CO.— O R G A N IZ A T IO N .— Incorporated in New
York State on Dec 11 1908 per plan V 87. p. 1536; V . 88. p. 149; V. 89.
p. 1545. Does not directly own or operate any mining or other plants, but
additfonalsteamsh/ps under contract for delivery next year should be over
owns the Issued capital stock (except shares required to qualify directors) o f
®1r
f
These aro E. L . Doheny, Herbert G. W y lie Norman Bridge Copper Queen Cons, M ining Co. ($2,000,000), Moctezum a Copper C o.
($2,600,000). Detroit Copper Mining C o. o f Arizona ($1,000,000) and
and T . A . O’ Donnell, a llo f Mexican Petroleum C o., L td .; Thomas Cochran,
Burro M t. Copper Co. ($6,000,000). Stag Canon fu e l Co. ($3,000,000) and
President the Liberty N at. Bank, N ew York; E . R . link er, V.-Pros. Chase
Phelps D odgeM erc. Co. ($2,000,000) and Bunker H ill Mines Co. ($750,000).
N a t. Bank o f N . Y.; Eugene M eyer Jr., o f Eugene M eyer Jr. & Co. o f N . Y . ;
G .G . Henry and Elisha Walker o f Win.Salomon & Co.— V . 103, p. 411,1795.
D IV S .— 1909 1910 1911 1912 1913 1914 1915
1916
Regular . . 10
10
10
10
10
10
10
PE E R LE SS T R U C K & M O T O R C O R P O R A T IO N .— O R G A N IZ A
Extra
2
2
2
5
6H
4
10 3 1 ^ * 5 3 ^ ,10
T I O N .— Incorporated In N o v . 1915 in Va. and acquired 20,729 shares o f
In SeptT 1916 the extra dividend was increased from 3 H to 5 H % and
nrof. and 20.855 shares o f common (being ontire stock except 278 o f pref.)
Dec. 29 to 10%. V . 103, p. 1036. 2243.
o f the Poerless M otor Car Ob. o f Cleveland, O., and the entire 1,200 sharos
Consolidated Results.— For cal. year 1915, in V . 102, p. 1161, the
o f prof, and 50.000 shares o f common stock o f the General Vehicle Co. o f
Long Island C ity, N . Y . Manufactures electric and gasoline motor net earnings, $10,981,512; depletion o f ore and depreciation o f plant,
trucks, pleasure cars and aerial engines. Authorized stock, all one class, $1,261,037; dividends (2 0 % ). $9,000,000; bal.. sur S) 20,475.
Conner oroduction for year ending Dec. 31 1915 was 127.151.J97 lbs.
$20,000,000 (p a r$50). outstanding, $10,000,000.
N o bonds. Real estate
against 136.719,359 In 1914. N o late m onthly statements published. A s
to allied railway see El Paso & S. W .. V . 100. p. 549.
m N O T E 8 °— Authorized and outstanding, $5,000,000 10-year Q% gold
notes dated N o v . 10 1915 and duo N o v. 10 1 9 2 5 convertible a.^holders
O F F IC E R S A N D D IR E C T O R S .— Pres., James Douglas; V .- P ’s .C leve
into capital stock at par after one year and subject to call on and
option Into ca
land H . Dodge, Arthur Curtiss James. James M cLean; Sec. & Treas..
after M a y 10 1917 at 102 and interest upon 60 days’ notice in amounts or George Notman; Asst. Sec., F. T . Bullmer; Asst. Treas., O. W Parsons.
not less than $1,000,000 on any int. date; conversion privilege continuing
Directors— James Douglas, Cleveland H . Dodge Arthur Curtiss James,
until 20 days before redemption sale. Soe offering V . 102. p. 716.
James McLean. George B . Agnew, E. Hayward Ferry. Francis L , n in e .
R E P O R T .— For year ending Doc. 31 1915:
George Notman, Wm. Church Osborn. N . Y . office, 99 John St.—
Total surplus....................S L 224.204
N e t profits___________________$2,555,773
’m ‘ ’
(V . 103, p. 1036, 2243.)
General Vehicle Co. surp900-000
Preferred dividends________________ 257,335
P H IL A D E L P H IA C O .— See Pittsburgh, In “ Electric R y .” Section.
600.000
S u rp lu s:.......
2,298,438 Contingent reserve..........
To
PH 1 A DEI PH 1A ELE C TRIC CO.— O R G A N IZ A T IO N .— Incorp. In
1
Previous deficit______________ 1,074.234t a l s u r p l u s & r e s e r v e s . . . 2 . 7 2 4 . 2 0 4
E A R N IN G S .— For" 9 "mos .e n d .S e p t. 30 1916 (inch sub. cos.) (V .103
V J. Oct. 5 1899. Controls all electric-tiffin properties of Phlla., also In
n 1BQ0) showed* N et sales, 810,149,394; not income, $2,153,894, other West Phlla. and Chester. V. 73. n. 496. 680: V. 86, p. 97<: \ . 90 o. 1047.
Income? s f K : ' Interest paid, iw .03 3;'depreciation $218,200; special V. 99, p. 820. Has long lease o f conduit space from Keystone 1 elephone
reserve, $184,500; extraordinary charges, $44,100, not profit, $1,932,258.
Co. at a graduated rental rising to $125,000 yearly, with option o f purchase
D IR E C T O R S .— Frederick Gllbart, W m . M . Coleman, T . W Freeh, at end o f lease. V. 100. p. 737. Rate reduction in 1916, V . 102. p. 1254.
E. W . Harden, II . L . Ilooko, L . II. Kittndgo, P. J. M cIntosh, G. V . Rich,
S T O C K .— Authorized, $25,000,000 (o f which $12,250 in treasury). The
F R Tinker Tr B . G. Tremaine, F. S. T erry, P. D . Wagoner, Harrison final installment o f $2 50 per share was called and paid Dec. 161916. making
W illiam s - t v
ib2, p. 158. 435. 614, 716, 1254; V . 103, p. 1690.)
tho $25 shares full paid. In Feb. 1917 no date had been fixed for the ex
change o f the stock for stock o f the Phila. Elec. Co. o f I a. V . 104, p. 457.
P E N N S Y L V A N IA S T E E L C O .— See Bethlehom Stool Corp. above.
D IV ID E N D S —
f ’02-’07. ’08. ’09 t o ’ 12 T3- ’ 14. ’ 15.
1916.
P E N N S Y L V A N IA U T IL IT IE S C O — See page 203.
On amounts paid ln l 5 y ’ly .
6A
6 y rr,J
.
y
7
7
7
P E N N . W A T E R P O W E R C O .— See V . 103, p. 1036; V . 104, p. 449.
*1 50
$1 5U ---------Also extra paid In s t k ----------- $1
F I N A N C IA L P L A N D A T E D J U L Y 20 1916.— T o facilitate present
P
tlon
and futuro financing o f tho company’s constantly growing system, it was
V. f
arranged, per plan o f July 20 1916 (V . 103, p. 326,1416; V. 104, p. 261, 367)'.
Uni vers
(а) T o transfer the ownership o f the various properties to the leading
operating subsidiary, the Philadelphia Electric Co. (o f Penna.).
bonds
in 'F e b . 1917~tho'eroction o f a largo coal gas plant enabling
(б) T o increase the capital stock o f the Phila. Electric Co. (o f Penn.)
the company to manufacture gas more cheaply than from oil, was awaiting making tho total authorized issue $50,000,000; outstanding Feb. 1917
action by C ity Council authorizing change from candle power to hoat unit $17,000,000. all owned by Phila. Electric Co. o f N . J.
(c)
T o cause tho Phila. Electric Co. (o f Penn.) to create a first m ortgage
8^ P R O P E R T Y * — i i f service January 1917; Street mains, 3,035 miles, lim ited to $60,000,000, w ith a first lien on all property now or hereafter
meters. 686.905: public lamps. 7.862; V 78. P. 1501
See V. 66. p. 382. ownod. O f the new bonds, $24,665.000. reserved for future financing
In Feb. 1915 was considering the building of a coal-gas-mfg. plant and under restrictions, and $33,663,300. bearing 5% interest, and $1.6)1,700
spending thereon between $6,000,000 and $8,000,000. V. 96. p. 1233. 4% s, were i.ssued forthwith, having been underwritten by Drexei & Go.
V . 98, p. 619; V. 100, p. 551.
,
The price of gas was fixed at 85 cents per 1,000 cu. ft. for 5 years from aD(d ? T h e 0retfrmnunt~forthwith o f tho $28,276,502 o f Stock Trust C ertifi
Feb 1 1900. V. 82, p. 574: V. 84, p. 342. An ordinance was passed In cates and Gold Trust Certificates. In Jan. 1917 the privilege o f exchange
July 1911 reducing the price from 85 to 75c. for the first year, 70 the 2d and was withdrawn, over 95% o f each class o f the trust certifs. having assented.
3d years and 68 tho 4th and 5th years. The State Circuit Court In Deo.
B O N D S .— The 1st M . o f the Phlla. Electric Co. o f Penn, (see V . 104.
1911 fixed tho orlcc at 80 cents, pending final disposition of the suit brought
by company to enjoin enforcement. V. 93, p. 349, 536, 1600; V . 94. p .1190. p. 565) covers the entire property o f that corporation (and all after-acquired
The Appellate Court on April 25 1912 reversed the decision of the State property except stocks and securities) now embracing all the public electric
CIrcultOourtonDec.5 1911 ln-so-far as it Impounded the dillerence between light and power plants in Phila. except the Edison Electric Iught Co. o f
the 80-cent rate and the 75-cent maximum rate fixed by the ordinance of Phila., whose plant is held under leaso, and its.capital stock (and &1,9)6,<00
July 17 1911, without prejudice to the right of consumers to recover the o f tho $1,994,300 trust certificates issued against the sam e), pledged under
tho mortgage. T o ta l capacity o f generating stations, oyer 182,000 k. v.
tame If the ordinance is found to be reasonable. V. 94. p. 1253. 1190.
On Sept. 23 1916 the city authorities and tho company agreed to havo amperes; output in 1916, 400,000,000 k. w. hours, serving 130 sq. miles
their representatives commence negotiations out o f court for tho settlement with a nonulation estimated at 1,800,000.
Reserved bonds can only bo issued for 85 % o f tho cash cost and fair value
o f tho pending gas rate suit. V. 103. p. 1215, 1511; V. 102, p. 604.
o f acquisitions, permanent additions, extensions. & c.. and then only when
D IV S . J’9 5 .’9 6 .’97-’05. ’0 6 .’0 7 .’08 .’09. T0 -T 2 . T3. T 4 -’ 15. T6 . 1917
the not earnings are 1X times tho interest charges on all bonds issued and
Percent\2M 1X 6 y ’ly 5
6 6 6 « 7 y ’ly 7 X 8 y ’ly 614 I 'A v u .
to be Issued. None m ay be Issued for the acquisition o f any stock or bonds
In M a y 1916 the dividend was reduced trom 2% quar. to 1 'A % quar.
B O N D S , & C .— O f the $40,000,000 issue or 1897. th e$19,146,000 unissued o f other corporations. Thesinking fund o f $212,000 yearly (plus accumula
aro reservod to retire prior bonds. V. 65, p. 572; V. 79, p. 155: V . 84, tions) is expected to retire about $29,160,000 5% bonds and $846,000 4%
I). 1555’ V. 91. p. 792, 876; V. 91. p. 702; V. 97, p. 954; V. 98, p. 842. bonds o f this issue. Earnings o f the properties covered by this m ortgage for
Guarantees, p & L . bid. N at. Gas ft O il R ef. 6s. V 84. p. 388. 1430; calendar years- (a) Y ear 1915. gross earnings, $8,070,292; net, after ex
penses? $1,936,969; (6) year 1916. net earnings, over $3,937,000; m t. on the
V 88 i) 1317, 1433; V . 104, p- 168; form, V . 87, p. 1302.
The stockholders on N o v . 14 1913 authorized a new General and Refunding ®35,335,000 bonds calls for $1,750,033.
mtgo. (unlimited in amount) to secure 50-yoar 5% bonds to provide for now
R E P O R T .— Year ending Dec. 31 1915, V . 102, p. 1539, showed:
construction at not over 75% o f cost, and to refund all old bonds. ftc.; Cal.
U Gross
Oper. E tp .
Net
Dividends Balance,
Total
issued to Dec. 31 1916. V . 97. p. 954, 1119, 1508. 1738; V. 98.
Year
Income. Chgs.,&c.
Income.
(7 % )
Surplus.
Surplus.
1915 $8 777,924 $6,363,373 $2,414,550 $1,574,311 $840,239 $2,311,986
P ‘ R E P O R T .— Report for y e a r ending Dec. 31 1916, in V. 104, p. 556.058:
1914 " 8,160,025 6,181.046 1,978,979 1,574,311 404,671 1-471,747
Years ending Dec. 31—1916.
101K.
m in .
1A13.
1 Pres" JoseDh B. McCall; Sec. and Treas., A . V. R . Coo. Office, 417
419 M arket St., Camden, N . J.— (V . 103, p. 946, 1036, 112, 1416, 1596.
~
Gross in c o m e _______
N ot earnings_____
1892, 1986; V . 104, p. 261, 367, 457, 565.)
Interest on bonds.
(T H E ) P IE R C E -A R R O W M O T O R C A R C O .— O R G A N IZ A T IO N —
Depreciation.
Incorp Dec. 2 1916 In N . Y . State as successor o f the original company o f
Balance for stock____ $2,077,258 $3,228,966 $3,292,468 $2,887,064 similar name. Modern plant at Buffalo covers 25 acres.
S T O C K .— Common stock, auth. and issued., 250.000 shares, no par value*
Pref. stock, $10,000,000. in $100 shares, offered by J. & W . Sehgman & Co
and associates at 107 and divs. in Dec. 1916- > • 10o»
. f.rer; a »
to assets and divs. Sinking fund for purchase (or call at 12o and divs.) o f
pref. stock will receive cash equal to whatever is paid in any year in cash
L . A . W iloy (Sec.), E. J. II. W right (Asst. Sec.). W . D . Gregory (Asst.
Troas.): F. A . Crane, 2d Asst. Sec. & Treas. Office, Chicago.— (V . 104, p. dividends on the common stock over $5 per share. Pref. stock so retired
or otherwise redeemed w ill bo converted into common stock. A ll tho bonds
169, 558, 658.)
were called for payment Feb. 1 1917.
P E T T IB O N E M U L f-lK E N CO.— O R G A N IZ A T IO N .— Incorporated
D IV ID E N D S .— N o . 1 at rate o f 8% per annum was paid on pref.
in Now York Juno 21 1912. Has plant on 32 acres o f laud about 6 miles
from heart of Chicago. Manufactures frogs, crossings, switches, guard stock Jan. 2 1917 for period from Dec. 6 1916 to Dec. 31 1916.
rails, ftc.. for steam railroads. V. 94, p. 1511. N o bonds.
E A R N IN G S .— Profits, after depreciation, were (V . 103, p. 1796):
S T O C K .— As to pref. stock provisions, soe V. 94, P- 1511. T h e second
Y ear end July 1 1911____ $1,960,000) 18 mos. to Dec. 31 1914--S1.) 14,000
nref has no voting power and Is subject to call at par after all the first, prof
6 do
do 1 1912
2,142,000 Calendar year 1915--------- 4,381,000
shali have been retired. V. 94, p. 1511. First nrof. originally $2,250,000;
do
do
1913____ 1,464,000|9 mos. to Sept. 30 1916— 2,460,000
canceled by sinking fund to Jan 1 1917, $500,000.
D IR E C T O R S (A N D O F F IC E R S ).— Pres., Charles Clifton; V .-Pres..
Henry M a y . Buffalo; John F. A lvord. W illiam S Cox Joseph G. Dudley*
W . J. Foss! Charles H . McCullough Jr., C. J. Sclimidlapp, A lbert StraussW alter C. W rye is Treas. and Laurence H . Gardner is Sec. V . 103, p.
1796. 2243.
186
IN D U S T R IA L STO C K S A N D BO N D S.
M IS C E L L A N E O U S C O M P A N IE S
[t o r abbreviations, & c., see notes on first page]
Date
Bonds
P ierce O il C o rp o ra tio n — Common stock ($30,000,000) .
Ten-year debs g conv $10,000,000 red 105 s f beg 1916 c*
80 £ 5.0te? S2.000.000 call at par a ft July 1 '17 te x t.c *
P itts b u rg h C oal Co o f N ew Jersey— Common stock
8t00.k i not as t0 assets) 7% cum J32.000.000--.
P itts b u r g h C oal Co. (o f Penn) stock as proposed under plan
Common stock 6 % and participating_____________
iTY,rC*P,a =*R? prer stock 6 % cum (also as to assets" s’f"calf 110
1st M S I 500,000 s guar red 102 K s r
r
..
_ UPi sc*
R ,Yer Cons Coal & Coke 1st M g a f (see te x t).U P L z c *
Certltlcates of Indebtedness due 5200.000 yearly
k
Midland Coal purchase 1st M $1.200.000 g red 102H-"UPi'xc
Debentures $b,350,000 auth redeemable par
x
Pittsburgh Steel— Common stock $7,000,000 auth
„ p ref (a & d) 7% cum $10,500,000 red 120 (V."96,‘ p~6 5r
Portland (Ore) Oas & Coke Co— P f (a & d) stk 7% cum r e d ll5
First & R e f M $15,000,000 call 110 after 1919.. rc*USm
Portland Oas Co 1st M
U
Prairie Oil & das Co.— Stock. $18,000,0001
Debentures 50 years callable......
.....................
Par
Value
$25
100 &c
100 &c
100
100
o f Feb 1 1916
500
1914
1916
100
1910
1899
1902
1912
1911
1,000
1,000
5.000
1.000
500 &c
1910
1901
1.000
1,000
1905
100
100
100
100
in v i f ^ 9 E t 0 ,L o o S 9 £ P 0 R A , , 0 N — O R G A N IZ A T IO N .— Incorporated
T
v asrUnn 2 1 A ? v ’ &er
9
97V P ’ 303 • 302; V - 93 • P- 1279; V . 96,
a '
t ? ? ’ p * 216. V . 93. p. 1390. In conjunction with Pierce-Fordyce
S owns directly, or through the entire capital stock o f subsidiP& e, m oi m r, finori?s
e
Fort Worth and Texas C ity.
f.and Springs Okla. Tam pico and Vera C ruz.M oclxo. Tota l avorn?ln H n i d l n h o
bbl scrud0 °J1- (6) 129,000 acres o f oil lands.
,
Jpnffnffi
ld upder lease, partly owned In fee. In Okla., Tox., A rk. anci
Tam pico, ■Mnex., r .n n lr e r n o m n u v i u . u g n l 111 tho v y ll.M lllln a lil U MXI - . • fields . .in
inclubing holdings in bitu Cushing and _____
orris
®
o
.__ . .
/ _\ r _
I Wn
wo
..
I
,n
(Y
* aRk steamers, total capacity 60,000 bbls.; floating equipL
men| andf tank
distributing sta-
If
1
fr n H f«!n 0o^n0 f e u0t® D ec’
n
d
1915 to ‘ “ "e a s e the authorized stock
£ 0? , o
SM
9a
000, (al* common, then outstanding $13,857,600). par $25,
thoS«fn?20«9°i?nna nnntO 88110 $2,000,000 5-year 6% convertible notes. O f
nno mnCf *2,500,000 was resorved for conversion o f these notes and $10.t0. convert the debentures o f 1914 and $4,142,500 Is to be used to
acquire other property leaving $2,500,000 new stock In the treasury.
$100 t o P
$2§°7 V . 99 p
Pa53;a203.O 8 7nS Shar6S
9S
Changed *“ 1914 from
m ^ f ^ ^ , 10;09ni:000j 10"yoar
8 °ld debentures o f 1914 are repayable at
maturity at 105 and convertible at option o f holder at any time until ma
turity or earlier redemption into common stock at par. Th ey are redeomasonnnnn Pw f i °T
5iarll
or aft,er,Jl' ,y 1 1«17- Annual slnkingfund.
$235,000: V . 99, p. 531 203 987"
,
Y S,nklng fund t0 Jan’ 1 1917*
.,r,Tn
•°I09’ 5-year’ 6 % 8oId notes o f 1916 are convertible at any time
ffn r l l w f o h f int0 common stock at $20 (or 80%, par $25 a sharo). They
ff
. f? ar
wh0' 0’ at, par and Int., at any time after July 1 1917, but
i f c aRe<L tb® rl« ht o f conversion continues to the date o f redemption. Any
othe^obllgatlons s "cured'therob^.
S6CUr° the n0t6S CClually wlth tho
andrp if S 2 f e ? 5 i^ 2 , ftiithA sbc months ending Juno 30 1916 (including corp.
e
197
^ o c i a t i o n ) . the net, before Interest, was $1,550,v 27; a$alnst, $511.199 in 1915; allowing for Interest on both issues o f de
current accounts the balance was $1,156,557, against $155,
929 for 1915, increase about 800%. V. 103, p. 1036.
tlo5Bln< * T n T '« 0roSJ* yh
v
ear
including Pierco-Fordyco Oil Assoclashowed: Trading profits, $1,857,137; depreciation,
ertraordinary*°SS0S• $209,441; intorost on deben
tures, $600,000, othor interest, $96,523; bal., sur., $649,493.
tp E I ^ E£ fr ? R ^ ’- k 5 ’ ° ^ y PIerce- N . Y . (Chairman); C lay A . Tierce
T o iU-t flLOT SirEben R *cbards (V .-T .). N ew Y ork:C . VV.Gaboon ( V ,-P . L
)i,
U
— 7 v im ’
ak ? c f ? P io?ohaon§?, Rayd„en ancl W . T . Rosen, N ew Y ork.
(V . 101, p. 45, 1812, 1978. 2077; V. 102, p. 2074; V. 103, p. 1036.
T j £ ! T J S B V Ri 3H- C O A L C O .— O R G A N IZ A T IO N .— Incorporated In
N ew Jersey in Sept. 1899. Has owned the entire capital stock, $32,000 000
f , st,fick/and *36.000.000 prof, stock, o f the Pittsburgh Coal C o l o f
Pennsylvania (see caption o f that company b elow ). Th e last named comPap L A N D
OF p f r i absorbed Monongahela Consolidated Coal & Coke Co.
1 1 A A W K FE,B - 1 1916.— This plan described fully in V. 102, p. 804
$ ’. « • » • " 8u" “n,y Tr“s‘ *
an adjustment and refunding o f the accumu-
,afT ? o P,alJ provides (a) for
I h w L f fE a la,dividend8 on the preferred stock o f the N ow Jersey C o., and
stnei^ni'thoeV n ati0n °<
»ra
f
N .ow 3ors°y G o- through an exchange o f the
stock o f the 1 ennsylvania C o., In tho treasury o f the N ew Jersey C o., for
ite d
0*00 8toCi ° f th? ^.ew Jersey C o., thus effecting a saving estimk
at
® .000 yearly due to tho existence o f an unnecessary organization
fnrH«^~hr|inrwhe 7% cumulative pref. stock o f the New Jersey Co. will,
(Par value) o f such stock and all accrued dividends thereon
/^JPOimjduS
Jan l 1916, to $44 58 1-3 per share), receive 6% cumu»
prof/ stock o f tho Pennsylvania Co. to the par value o f $133 33 1-3.
8tock o f tbo Now Jersoy Co. w ill, for each $100 (par
y alue) of such stock, receive common stock o f tho Pennsylvania Co. to the
and XaChronIcle” o f F eba '2°6 lOlfi
?
” 1 C ° al C ° ’ ° f Pennsylvanla boIow
1
^ R ® 1 ' lstu!,ont Committee: J. D. Lyon, A . W . M ellon, J. B. Finley.
ai J
TJ-i?^ v e _•J otln. l.Blshppj^ A . / .M ille r , Harry Bronner and Henry
Bailly, 24 Broad St., N . Y . C ity.
i S V f f W f f s S V k ‘(T-jj Apr- I9 5 7% yr,y-i '°6“ ,0 09
P I ^ l m S h '7 7 V trv,Ur« f T5oar
na
$60 000 fea ? l°y a l V*/ 90 p M 94
P o ? n a - 1st 5s o f 1910 a re gu ar, b y
,
kI“ g fUDd’ 10C‘ P ° r t0 n ’ n o t ,ess than
Du,uthl M ,n n -
5cT ner t in n ? gi ^eli n ^ ,ver ? on,
a
sol- - * O- bonds have a sinking fund of
1°
nnk#Sr
c°al mined, and shipped, which retires bonds an$3:677,000 we?e c k n c e lo r rChaSabIe at & roasonablc Price; to Jan. 1915
fsee
$5.114^295. ‘
V, o’I 50,099n5°x?Sn?ere ®,°ld to extend the MontOUP R R ..
V ' 95' P ' 14° 6: V- 96, p - 861, B,lls Payable Dec. 31 1915;
B O N D E D D E B T OF S U B S ID IA R Y A N D C O N S T IT U E N T COS
Northwestern Coal R y . 1st M ..........May " T f & S
M beg?nnlneR, „ RedeemabIe at 10515 g F& A
2.610,000 Feb.
I 1 1963
®-oS>
x,£1S?®
1919 and 1922
P ! ^ eo i ° r ? ? 0
uue 1910. 1913. 1916,
PItts Coal Dock & W h. !st M .. guar. 5.4 A&Ox 3.151.000 April 1 1938
S : ® ‘ v r'cp• 104>s----------------------/Int. at Union T r . C o., Pittsburgh
There Is also a syntlngent liability on $82,000 Midland Coal Co. bonds 8
r. R R P O R ?:- Foi'oS-al ' ^ e?R-1913 dncl. Monongahela Coal C o.), in V. 102.
P- 105o. Cross, $26,791,985; n e t,$4,219,837; sinkingfund &c 8841 318*
8uT. $299.934:509; bond lnt., $5927^6; proL dfvs. (5 % )f $ i,3 5 3 , iio lb a L ,
’
h^I ?iI R E S T 0 5,S-^7m - n - Taylor (Chairman), W . K . Field (Pres.) A W
S e0- T 4 ,°iiver. H . R . Rea, J. B. Finley, James H. Beal. John i !
Bishop, Harry Bronner, Andrew J. M iller, D . L . Glllosple, J. D . Lyon,
Amount
Outstanding
Rate
%
When
Payable
[Vol. 104.
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
See text
$9,886,000
J & J July 1 1924
68
adenThal& Co.NY& Lon.
2,000,000
6g
J & J Jan 1 1921
Equitablo T r Co, N Y
32,000.000
27.071.800 5 m 1916 Q— J O ct 25 1916 I X Checks mailed
32,169 .200
36,000 ,750
6
(Quar) Jan 25 1917 I X
1.156 000
J & J Jan 1 1935
5«
Union Trust Co, Plttsb
6.0. 56.000
A & O Oct 1 1949
Union Trust C o .P lttsb ’h.
200 000
I s J & J July 1 1917
do
do
919 .000
M & N May 15 1932
Union Trust Co. Plttsb
5 658 ,000
i*
M A S July 1 1931
7.000 ,000 See text
Q— J Jan 2 1917 22 Checks mailed
10,500 ,000 See text Q— M M ar 1 ’ 17,1
Checks mailed
2.000 ,000 per an
Q— F
Feb 1 1917, 1M Checks mailed
5.943 ,000
I
A J May 1 1940
58
N Y , U S Mort & Tr Co371, ,000
F & A Aug 1 1951
Bklyn, Frank Tr:& P o rt
o
18,000. 000 See 5 % See text See text
text
Chase N at Bk, N Y
4.000, ,000
6
J & J 1955 to 1960
N ew Y ork
W illiam Flinn and J. C. D ysart. Troas. is W illiam M iller; Sec.. F . J. L e
M oyn e, 32 Fifth A ve., Pittsburgh.— (V . 103, p. 411, 849.)
P IT T S B U R G H C O A L CO. (O F P E N N A .).— O R G A N IZ A T IO N .—
rVo V r,°mPany' whose stock is to be given in exchange for tho stock o f
,
the N ew Jersey company (seo above), was formed Dec. 31 1915 by merger
uo,eo tbc >
r
a'vs o f Pennsylvania o f the Pittsburgh Co. ofP en n a
S ;„ , 1^ V J f - , P ^ n 65XV 9
n
893, and tbo Monongahela River ConTn FAh C m l & Coke Co- (7- 69. p. 1065: V. 99, p. 233, 875).
i
00I u,F cb. 1916 owned 145,673 acres o f coal In the Pittsburgh vein, as well
as a large area o f coal In underlying veins, with tho surface lands necessary
nffso)P^)w^AiwAn)PAS°S
Hiad oo floating debt which was not more than
oash and quick assets. Tho direct funded debt then
* to $14,235,999 (being only $97 72 per aero, exclusive o f im
■
p rovem en t thereon, which improvements had a present depreciated book
rhA»nnfn% 770' qro' being $66 60 per acre), with an annual Interest charge
fbOpOOu Rfo^ 72,360 P.er,annum. The funded debt o f subsidiary companies.
Aii9Armv!tUv
,t?d t0 * 3> J 7>°00 with an annual interest charge o
8
$306,466, all o f which Is secured by properties and earnings o f such sub. cos.
S T O C K .-U p o n co m p .o tio n o f the proposed readjustment, tho Pennsyl
vania company will have in the hands o f the public $36,000,750 o f 6%
cumulative pref. stock and $32,169,200 o f common stock, being substan
tially the same amount o f capital, both as to pref. stock and common stock,
as the N ew Jersey company now has“ plus ^ ‘ p r o p M ^ S S ^ ^ d w I d e n d
payable in pref. stock on that v
> n mau company’s pref. shares out or tho latter’s
n
i r i nrra
surplus and undivided earnings.
. f t * 8 Provided that the pref. stock shall be entitled: (a) T o cumulative
dividends at rate o f 6% payable quarterly with interest at 5% on any ac
cumulations; (b) T o participate equally with the common sharos in any year
in which each stock has received 6% . (c) T o share In a sinking fund effective
from Jan. 1 1916, based on the sale o f mine-run coal, said fund to be applied
as the directors may direct (a) for payment o f debt. (6) additions, (c) retiroment o f prof, shares by purchase (or call) at not exceeding 110 and divs.
(d.)
preferred payment o f principal at 110 and dlvs. in case o f liquidation.
7 J 0 the restriction that no indebtedness secured by mortgage or pledge
o f the greater part o f the property shall bo created without the consent at
a meeting o f at least 2-3 o f tne outstanding prof, shares.
B O N D S , &c.—-See Pittsburgh Coal Co. o f N ew Jersey above.
mRl7 I.?rG? (r 7 9 haIrman, ¥ ’ TI, T aylor. Fob. 1 1916, wroto: “ I fool justi’
riAi L l g a tin g that in ray opinion the not earnings under tho plan will be suf
ficient to pay full dividend on the prof, stock, with a probability o f dividends
on the common stock within a reasonable time.— (V . 102. p. 1254, 1815.)
P IT T S B U R G H P L A T E G L A S S C O .— (V . 102, p. 974; V. 103, p 2243.).
STRRL- C O — O R G A N IZ A T IO N .— Incorp. in Penna.
«lu. A
9
Owns works at Monessen and Glassport. Pa., and coal mine
withini 2 miles of Monessen works, ore mine on Ouyuua Range, M lnu.
Manufactures pig Iron, open-hearth basic steel blooms, billets, bars, wire*
cotton Ties ‘ %c n ,laIls• M e tric welded-wlre fencing, steel hoops, bands,
In 1915-16 surplus earnings were being used for erection o f four new
open-heatth^ofurnaces in addition to redemption o f $->,000,000 notes.
S T O C K .— M a y 2 1912 increased prof, stock from $7,000,000 to $10,500.
999 , t' P.ar f°r impts. V 94 p. 634, 1253, 1321
a
N o mtgo. or add’ l pref.
stoc>, without consont o f X o f outstandiig prof. V. 91. p. 13S8, 1451.
N O T E S — O f the $5,000,000 6% notes o f 1915, $4,000,000 wero retired
from surplus earnings prior to July 2 1916. and the final $1,000,000 was
' c r' (* a* , 91 andJ ” 1- o'l 0 c t ’ 1 1916„ V ’ 103* P- 946. Pittsburgh Steol
1
Ore Co. $400,000 6% gold notes ^ro all paid off. V. 101, p. 1185.
D IV S .
11905 to TO. 1911. 1912. 1913. 1914. 1915. 1916.
1917.
C o m m o n .%
8
8
8
8
0
0
6
22
Preferred . % [ ______
7
7
7
3^
7
1 0 ^ 1 % --In A p r i l 1 9 1 6 dividends wore resume 1 on common at rate o f 2 % quarterly,
July and Oct., 2 % . 1 9 1 7 . Jan., 2 % and 2 0 % special. V. 1 0 4 ? p. 7 7
l2 M o .to J ’ne30. 1 9 1 6 .
1915.
I GMo.to Dec.31.
1916.
1915.
Gross s a l e s . $ 2 1 , 8 4 8 , 0 3 6 $ 1 1 , 6 4 9 , 8 6 4 Gross sa les.. $ 1 4 , 3 7 1 , 2 9 6 $ 9 , 6 6 0 , 2 5 9
N e t profits. 4 , 5 6 4 , 0 6 7
8 5 8 , 1 6 0 1 ot p ro fits ..
N
5 ,0 2 7 ,1 1 1
1 ,6 9 5 ,1 0 9 '
R E P O R T .— Report for year ending June 3 0 1 9 1 6 , in V . 1 0 3 , p. 1 3 0 0
o
,
,
,
1 9 1 5 -1 6 .
Gross s a l e s ( x net sales).$21,8 4 8 , 0 3 6
N e t profits all sources. $ 4 , 5 6 4 , 0 6 7
Pref. dividends— ( 1 4 % ) $ 1 , 4 7 0 , 0 0 0
Common dividends----- ( 4 ) 2 8 0 , 0 0 0
1 9 1 4 -1 5 .
$ 1 1 ,6 4 9 ,8 6 4
$ 8 5 8 ,1 6 0
______
..........
1 9 1 3 -1 4 .
$ 1 0 ,8 2 4 ,7 6 1
$ 4 1 6 ,5 5 1
(7 )$ 7 3 5 ,0 0 0
(2 1 4 0 .0 0 0
1 9 1 2 -1 3
$1 1 , 6 5 4 ,8 8 8
$1 1 9 3 6 7 0 '
(7 )$ 7 3 5 0 00
(8 5 6 0 ,0 0 0
Balance, sur. or def.sur.2,814,067 sur.$S58,160 dof.$458,449 def.$101,330'
n PpeSi
i
a? ’ a ° 'J ° :n1
R
s* V .-P ., John Bindley; V .-P . and Treas..
lO dl p f ^
262S
) ’
K ' Bccson — ( V - 1Q3. P- 849, 946, 1122, 2435; V.
0 A S & COKE C O .-In c o rp . Jan. 10 1910 In Oregon,
uicceedlng Portland Gas Co. and East Portland Gas Light Co. Does entiregas business o f Portland and East Portland and Oregon C ity, Ore. Porpetual franchises in Portland. V. 99. p. 1678. Now gas-generating station*
placed In opor. in N ov. 1913. Present holder capacity, 6.185,000 cu ft
Gas output for 1915.1,537.808.000 cu. ft.; 855 miles o f mains
Customers
V 973 p U 4 4
52?17' Populatlon servr0cl. 265,000. Seo V. 93. p 172;
S T O C K .— Common, auth., $3,500,000; Issued, $3,000,000, all owned by
V T T u lfto ^ F e ^ V r9h Cha s . ^ f - S2-000’0()0’ aU ,8SUPd- D,V8- « »
lV
BONDS.— Of the S750.000 Portland Oas Co. 5s of 1951, $379,000 ore
deposited as part security for “ 1st and ref. M .” bonds, leaving $371,000
AuS-3l 1912. The "1st and ref. M .” Is for $1 5.000,000; Issued
|3 943.0°°: reserved to retire Portland Gas Co. 5s. the only prior lien,
S3 1.000; remainder Issuable only for 75% of cost of permanent additions
i 1 p 7 '’ e, ne. t?t,
?
r n
Pr°vlded the net earnings are l X times the total Int.
chargo Inol. the bonds proposed to be Issued. See V. 90. p. 1170.
E A R N IN G S .— For 12 mos. ending April 30 (See Amor. Powor & L ig h t
b o ., V. 102, p. 1434):
Gross.
Net.
Interest. Pref.D iv. Bal.,Sur.
} 9 } 8 ....................................$ 1 , 2 5 7 , 9 6 2
1915 - - - - - - - - - - - - 1 .2 5 8 .3 4 7
$ 0 1 3 ,2 5 8
6 4 1 ,1 2 3
$ 3 1 3 ,3 8 4
2 7 8 .4 1 3
$ 1 4 0 ,0 0 0
1 4 0 ,0 0 0
$ 1 5 9 ,8 7 4
2 2 2 ,7 1 0
J^res.. Guy VV. Talbot; Sec. & Treas., Geo. F. Nevins.— (V . 101. p769S.)
,
0 , L ,& QAS CO.— O R G A N IZ A T IO N , * 0 .— Inoorp. In Kansas
*,n Vi,09' form erly controlled by Standard Oil Co. o f N . J ., but segregated
In 1911. See Standard Oil Co. o f N . J., V. 85, p. 216; V. 93 n 1390
Comparo Ohio Oil Co. in V. 100, p. 145; V . 99, p. 1915, and decision. V. 98
F e b ., 1917.]
INDUSTRIAL STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, & c., see notes on first page]
P ra irie P ip e L in e C o— Stock (no bonds)__________________
Pressed Steel Car Co—Stock common .$12,500,000________ (i
Preferred stock (a & d) 7% non-cum $12,500,000______ 0
Western Steel Car & Fdy M (see t e x t )__________ _____ ______
Procter & Gamble— Common stock $24,000,000 autU _____
Pref stock <H% cum! (See terms In editorial. May ’01 Sunn)
Serial 5% coupon notes due $2,500,000 ycrlj Oct 1'17 to'19c
Public Service Co of Nor 111— Common stock $15,000,000___
Preferred stock 6% cumulative $10,000,000 auth red 120.Publlo Service Co. 1st & Kef M g red 110 beg Oct ’21.IC.xo*
Sorlal dob g duo $1,000,000 ann call on 5% basis._IC .c*
Underlying bonds— See text.
Pullman Company— Stock $120,000,000____________________
Pure Oil Co— Common stock $8,000 000____________________
Date
Bonds
1898
1916
1911
1917
Par
Value
$100 $27 000,000
100 12 500.000
100 12 500.000
100 1 250.000
100 14 037.384
2, 25 ‘ i » '0
100
<
10,000 7 ,500.000
100 11 573,900
100 7 672.000
1,000 12 ,137,000
100&C 5 000,000
.
P R A I R I E P I P E L I N E CO .— O R G A N IZ A T IO N .— Incorporated in Kan
sas in Jan. 1915 and took over as o f Feb. 1 1915 tho pipe lino o f tho Prairie
Oil & Gas C o., extending from Red Fork, Ind.. to Griffith. Ind.. &c.. 860
miles, and will complete the 8-in. pipo line from Kansas C ity to a connection
with the Illinois Pipo Line. The stock, $27,000,000, was distributed as a
stock div. among tho holders o f Prairie Oil & Gas stock. Initial div., 5% .
Jan. 31 '16; Apr. 16 to Jan. ’ 17. 5% & 5% extra. Comparo Ohio Oil Co. in V.
100, p. 145: V. 99, p. 1915; and decision, V. 98, p. 1997; V. 99, p. 53. 403.
Pros., W . F. Gatos; V .-P ., C. II. Kountz; Troas., R . G. Ilare; Sec., F . M .
W ilh e lm — (V . 100, p. 403; V. 102, p. 1064.)
P R E M IE R M O T O R C O R P ., I N D . — (V . 102, p. 1722; V. 103, p. 1893,
2083, 2159.)
PRESSED STEEL CAR CO.— O R G A N IZ A T IO N .— Incorporated In New
Jersey on Jan. 13 1899 as a consolidation of the Schoen and Fox pressed
Hteel equipment companies. The company has plants at Allegheny, Pa.,
and McKees Rock, Pa., with a capacity of 150 freight cars per day, and
passenger car shops have a capacity of 750 steam or street railway cars per
annum. Also owns (1) Western Steel Car & Foundry Co. (V . 74. p. 991,
835. 729; V. 80. p. 169: V. 92, p. 458), which has plant at Ilegewlsch. 111.,
near Chicago; (2) also Central Car Wheel Co. and Penn. Malleable Co.
Tile Western Steel Car & Foundry Co. exercised the option to purchase
the Ilegewlsch property of the Illinois Car & Foundry Co. on Deo. 30 1911
for $1,100,000 .bondholders accepting the option to have their 1st M. 5%
50-yr. gold bonds, due Jan. 1 1948 (but redeemable on 6 months’ notice and
convertible into stock at par within 20 days after payment of any dividend)
assumed by the Western Steel Car & Foundry Co. V. 95, p. 424; V . 94,
p. 70, 356: V . 84. p. 53, 806; V. 96. p. 551.
D IV ID E N D S / ’99. 00. ’01. ’02. '03. ’04. ’05-.’ 13. ’ 14. 1915. TO. 1917.
C om m on ____ %/ _.
6
4
4
5
3 None
3 None 2 K I K
P re ferred ____%17% per ann. ( 1 K % Q--P-) to Feb. 1917, lncl.
On common, 3% declared, payable K o f 1% quarterly, beginning March
1914. V. 98. p. 391. None declared in 1915. In Sept. 1916 common d ivi
dends wore resumed at the rate o f 1% and in Dec. 1916 increased to 1K % ,
and in M ar. 1917 increased to 1 K % V. 10.3, p. 1596; v . 104, p. 367.
102, p. 706.
Balance,
Total
Surplus.
Surplils.
$449,815 $8,87’i,167
17,351 8,422,352
O F F IC E R S .— F. N . Iloffstot, Pres. N . S. Reeder. V.-Pres.. N . Y ..
J. B. Rider, V.-Pres. & Gen. M gr.. Pittsburgh; J. F. MacEnulty. V.-Pres..
N . Y .; A . II. Larkin Sec. J. I f Regan and C . E. Church, both o f N . Y .,
and II. E . Swartz o f I ittsburgh, Asst. Secretaries and Asst. Treasurers.
D IR E C T O R S .— F. N . Iloffstot (PresT, N . S. Reeder, C. Ledyard Blair
James A. Blair. James II. Reed, I . II. Given, O. W. Friend J. B Rider
Iia y Walker Jr. N . Y . office. 24 Broad St.— (V . 102 p 706; V. 103
p. 148, 411, 1596; V. 104, p. 367.)
v
p /uo’ v ’
PROCTER & GAMBLE CO. form ed In 1890 under laws of New Jersey
to carry on soap, candle, oils and glycerine business of llrm of Procter &
Gamble. Reincorporated in Ohio in 1905; V. 80. p. 655. 1916. In 1903-04
built a new plant In Kansas City. Kan., costing about $1,000,000. V. 76,
p. 1196. Plant on Staten Island, N. Y .. was completed In Feb. 1908.
V. 81, p. 1243, 1562; V. 83, p. 498. In 1910 purchased plant of D. S
Brown & Co., New York. V. 90. p. 1047.
S T O C K . — T h e s t o c k h o l d e r s o n D e c . 1 7 1 9 1 2 a u t h o r i z e d a n I n c r e a s e In
th e c o m m o n s t o c k fr o m $ 1 2 ,0 0 0 ,0 0 0 t o $ 2 4 ,0 0 0 ,0 0 0 , t h o n e w s t o c k t o b e
d is p o s e d o f a s r e q u ir e d .
S ee D I V I D E N D S b e lo w .
V . 9 5 . p . 1334.
D IV ID E N D S .—
f’92-'97. ’98-’00. ’01 to T2. T3. '14. T5 . 16. 1917.
On common............... / 12%
2 0 yly. *12 yly.
16 16 16 18 5 ,- ,- ,Also in stk. pd . in Aug. [ ____
-----4
4
4 4
♦Also extra dividend o f 14 2-7%. paid Jan. 2 1904. and 25% Doc. 1905.
V. 95, p. 1334: V. 96, p. 1776. In Aug. 1916 the regular dividend was In
creased from 4 to 5% quarterly. V. 102, p. 2346.
N O T E S .— The $7,500,000 serirl 5% notes issued in 1916 (V . 103.1). 1215(
will mature $2,500,000 cacu O ct. 1 1917 to 1919. Any future mortgage
must secure them and total of pll indebtedness must never exceed 50% of
all quick accounts. Total debt June 30 1916 about $6,000,000.
E A R N IN G S .— For year ending-Juno 30 1916 (V . 103. o. 1215).
Results for 12 Mos. ended June 30—
1916.
1915 1
1914
Volume o f business........ - ........... — $88,113,507 $70,790,906 $65,822,080
N et jrofits o f the company and its
constituent companies as— — —
0.216,051
4,835,993
4,247,706
Office, Cincinnati.— ( V . 101. p. 850; V . 102, p. 2346; V. 103, p. 669,1215)
P R OV ID EN T LOAN SOCIETY OF NEW Y O R K .— Incorporated In Now
York In 1894 under Special Act. Operates 8 loaning offices in Manhattan,
1 In Bronx and 8 in Brooklyn. Certirtcatcs of contribution, $7,200,000,
Int. payments of 6% per an. have been paid. V.84, p. 629. See applications
to list, V. 79. p. 2152: V. 80, p. 1182. Bonds (not mtge.) redeemable 1021$
$2,000,000 20-yr. 4 l^s, duo Sept. 1 1921. int. M .& S. at offico. Report year
1915, V. 102, p. 2251. Pros., James Speyer; V .-P ., Frank Tucker; Troas.,
O tto T . Bannard; Sec., Mortim er L. Schiff; Asst. Sec., Frod’k L . Loinlng;
Asst. Troas., Harald A . Lange. Executive offico, 346 4th A ve., N ew York.
— (V . 96. p. 656, 693; V. 100, p. 646; V. 101. p. 285; V. 102, p. 890, 2251.)
Rate
%
When
Pagable
Last Dividend Places Where Interest and
and M aturity
Dividends are Payable
Q— J Jan 311917. 10
See text
Q— M M ar 7 ’ 17 1 K % N V Trust Co. N Y
Q— F
7
do
do
Feb 1 1917. I K
J & J Jan 1 1948
do
do
5 g
See text Q— F 15 See text.
Co.’s Office, Cincinnati,O
8 in 1916 O—J 15 Jan 15 1917, 2%
do
do
A & O Oct 1 1917 to’ 19 N Y N a t Park Bank
5g
Q— F Feb 1 ’ 17. I K Checks mailed.
6)*.1916
6 in 19i 6 Q—-F Feb 1 *17. I K
do
do
5g
A & O Oct 1 1956
Til T . & Sav Bk. Chic
M &
8 M a r '18-M ar '22 Chicago
6g
100 120. 000,000 8 in 1916
5
4.535,245 See text
. 1997; V . 99, p. 53, 403. Acquisitions March 1913, V . 96, p. 950, 1367;
97 d 1119
Stock auth., $20,000,000; out, $18,000,000; par, $100.
1916.
1914-15.
1913
1917
CASH D IV S . /1912
None
12 KJ y UA. d(*U., U «/ 6 CA.
& 6 ox. Jan., 3 & 2 ex.
----- /l u 25
A
ncu Ol
6
Since 1911____%\ l l
Dividends, omitted to acquire additional properties, wore resumed in
u.
Jan 1916. V. 101, p 2077; V. 96, p. 1160, 1367. Stockholders of record,
Feb. 9 rocoivod as 150% dividend tho $27,000,000 cap. stock o f Prairie,
Pip e Line Co.— which see below and V. 100, p. 403.
Bonds outstanding Dec. 31 1915, $1,000,000 50-year deb. 6s, maturing
1955 to I960; int. J. & J.; $14,000,000 having been retired.
V. 95,
1120, 1212; V. 96, p. 494. Balanco shoot Dec. 31 1915, V. 102, p. 1254,
showod surplus o f $34,592,379; accounts payable, $15,999,405; bonds,
$4,000,000.
Pros., James E. O’N eill; V .-P ., W . S. Fitzpatrick; Sec., John TIollihan;
Offico. Tulsa, Olcla.— (V . V. 101. p. 2077; V. 102, p. 1064. 1254.)
R E P O R T .— For year ending Dec. 31 1915, see V.
Calendar
Gross
Tot. Gross Repairs & Pref.Divs.
Year—
Sales.
Earnings. Renewals. ( 7 %) .
1915 . — $17,492,621 $1,517,458 $192-643 $875,000
1914____ 13.375.090 1.104,396 212.045 875,000
War orders in July 1916, see V. 103, p. 118.
Amount
Outstanding
187
Q— F
Q— M
Feb 15 ’ 17,2%
See text
MY, Chicago & Boston
Philadelphia
P U B L IC S E R V IC E CO. O F N O R T H E R N I L L IN O IS .— O R G A N IZ A
T I O N .— Incorporated in Illinois in Aug. 1911 as a consolidation o f electric
light and power companies in Northern Illinois outside o f Chicago, controlled
by Samuel Insull (President o f Commonwealth Edison C o.) and associates,
per plan V. 93, p. 231, viz.: N orth Shore Electric C o. (V . 92, p. 192; V . 91,
p. 1508, 1516), Economy Light & Power Co. (V . 93, p. 39; V. 99, p. 613).
Illinois Valley Gas & Electric Co. (V . 93, p. 167; V . 91, p. 41), Chicago
Suburban Light & Power Co. (V . 92, p. 191) and Kankakee Gas & Electric
Co. (V . 91, p. 875, 1577). T h e stockholders on Feb. 24 1913 voted to
purchase the Northwestern Gas Light & Coke Co. V . 96, p. 654, 793.
S T O C K .— In M a y 1912 stockholders subscribed for $3,325,125 pref.
V. 93. p. 1538. 1607: V. 94. p. 1190: V 96. p. 886. On Feb. 24 1913
$2,000,000 common stock was authorized in connection with the purchase
o f Northwestern Gas Light & Coke Co. V. 96. p. 654.
D IV ID E N D S .— On pref., 114% quar. Feb. 1912 to Feb. 1917. Com
mon. 1% quar. 1912 to Aug. 1913; N o v . T 3 to Aug. 19 T 5 . 114%: N o v .,
114%; Feb., M a y and Aug. 1916, D 4 % ; N o v . , l M % ; 1917, Feb. 6 , 1 K % — (V . 103, p. 1215.) ,
B O N D S .— Th e F irs t& R e f. 5s o f 1911 (not limited as to amount) cover
‘after-acquired properties." and are a first mtge. on all property formerly
belonging to Illinois Valley Gas & Elec. Co. and Chicago Sub. L t. & Power
C o., and are also secured by deposit o f $2,109,500 North Shore Elec. C o.
“ First and R ef.” 5s and $392,000 1st M. 5s, $421,000 Economy Light &
Power Co. 1st M. 5s and $408,000 Kan. Gas & Elec. Co. "first and r e f." 5s
and $89,500 Citizens’ Gas Co. 1st M. 5s.
Additional bonds may be issued as follows: A sufficient amount to
retire the outstanding $o.673,000 underlying bonds and for 75% of the cost
of property hereafter acquired, and if mortgage liens exist thereon at the
time of acquisition, bonds may also be Issued to the nar amount of such
lions to refund same. V. 93. p. 1607: V. 94, p. 1190, 1321; V. 102, p. 1254.
Outstanding Bonds Assumed on Properties Purchased ( Pledged bonds, V. 102.
p. 1254).
Outstanding. M aturity.
Bonds—
Interest.
$175,000 Dec. 1 1921
LaG rangoW at.,Lt.& P.C o. 1st M ___5 g J & D
Village o f La Grange certificates, ______
29.000 T o Dec. ’21
1.869,000 Oct. 1 1922
North Shore Elec. 1st call 1 0 5 | 5 g A & 0
1 1940
1,681,500 Apr. ___
_________
.
lst& rof M . call 107)4aft. A pr.'2015 g A & O
(interest at Illinois T r. & Sav. Bk., Chi.
Economy Light & Power 1st M . s. f_5 g J & D
1,468.000 Dec. 1 1956
Kankakee Gas & Elec. 1st & ref. M .5 g M & S
260,800 Sept. 1 1930
Aug 1927
Pontiac Light & Water Co 1st M 5s. ______
95,000
Citizens’ Gas Co. call 105__________ 5 g F & A
144,500 Feb. 1 1932
Northwestern Gas Light & C o k e (5 g Q - M
1,750,000 Dec. 1 1928
Consol. M . $2,000,000 g _______ /Interest at Central Trust C o.. Chicago
Gold notes c a l l e d ........................5 g M & S
3.836.000 M a r. 11917
Cicero Gas 1st M ............................. 6 Q-J
500.000 July 11922
do
gen. & ref. M . $5,000,-/5 g J & J
3,370.000 July11932
000 g g u ____________ lin t, at Central Trust C o.. Chicago.
O f the Northwestern Gas Light & Coke 5% gold coupon notes, $3,836,000
have been sold and no further bonds can bo issued. N o further mortgage
debt can be incurred nor is the floating debt to exceed $500,000. no part of
tho latter to be represented by permanent notes or debentures. N o sale of
property or franchises or consolidation without securing the notes by a lien
superior to all others except the $5,620,000 outstanding bonds. V . 95,
p. 821; V. 96. p. 793: V . 97. p. 1289.
Tho $5,000,000 serial debentures issued in 1917 by Public Service Co. of
Northern Illinois provided for retirement o f $3,836,000 coupon notes of
Northwestern Gas L t. & Coke Co. called for payment M ar. 1 1917 and other
purposes. See “ Chronicle” o f Feb. 24 1917. V . 104, p. 458.
R E P O R T .— Report for year ending Doc. 31 1916 in V . 101. p. 1669.
Calendar
Gross
Net (after Bond, A c., Deprec., Dividends Balance,
Year— Earnings.
Taxes).
Interest. Res., &c. Paid.
Surplus.
1916___ $7,783,156 $3,274,673 $1,497,818 $150,000 $1,135,161 $191,694
1915___ 6,903,228 3,153,858 1,492,280 450,000
983,561 228,017
Dividends as above include for both years $455,280 on pref. and $679,881
on common stock in 1916, against $528,281 in 1915.
Directors (and officers): Samuel Insull, Pres.; Frank J. Baker, Charles A .
Munroe, John H . Gullck. V.-Pres’ts; Henry A . Blair, Louis A Ferguson,
Win. A . Fox, John F. Gilchrist (Asst, to Pres.), Frank G. Logan, John L .
Norton, Charles H. Randle, Solomon A . Smith, Edward P. Russell. Paul
D. Sexton is Secretary and Treasurer. Office, 72 W est Adams St., Chicago.
— ( V .103, p. 1215; V. 101, p. 458, 566,659.)
(TH E) P U L L M A N CO.— On Jan. 1 1900 the Wagner Palace Car Co.
sold Its assets to the Pullman Company, representatives of the Vander
bilts entering the board of directors. V. 69. p. 854: V. 70. n. 40. In 1908
began building steel cars. V. 84, p. 697; V. 87, p. 1163: V . 90, p. 506; V. 97,
p. 669. V. 90, p. 1617, 1682; V. 91, p. 157. 280, 1332, 1517, 1777; V . 92,
p. 193,265.
On Jan. 1 1913 took over operation o f parlor and sleeping-car service of
New York N ew Haven S, Hartford K R . under contract. V. 96, p.65
c
R E G U L A R CASH D IV S.l ’ 77-’80. ’ 81-’83. ’84-’98. ’99. ’00 to Feb. T7 .
Since 1877 ( % ) ................... J 8 y ’ly. 9 1 y ’ly. 8 y ’ ly. U K
4
8 yearly.
Also In 1898 and 1906 and to stockholders of record April 30 1910 (last
20%) extra dividends to distribute surplus assets. V. 67, p. 75. 789, 840.
902; V. 83. p. 1174, 1233; V. 90, p. 451, 506, 854.
R E P O R T .— Report, for 1915-16 was in \ . 103. p. 1410. Total surplus
July 31 1916, $9,399,076.
Years end. July 31—
1915-16.
1914-15.
1913-14.
1912-13.
Earns, from cars, &C— $43,761.465 $41,512,884 $44,725,515 $42,860,891
Operating expenses____ 24,645,607 20,932,715 23.047.338 22,633,919
5,729,099
8,231,373
7,552.546
D epreciation___________
5.967,184
1,500 ,*>00
3.000.000
3,000,000
Reserve for deprec’n ___
500,000
Sleeping-car associat’ns.
268,307
301.917
280,714
356,766
9.599,564
Dividends on stock____ 9,599,760
9,599,506
9,599,716
N e t surplus for y e a r .. $2,780,607
$947,133 $1,245,353 $1,541,601
D IR E C T O R S .— Robert T . Lincoln (Chairman), John S. Kunnellg
(President). J. P. Morgan. Frederick W . Vanderbilt. W . Seward Webb,
John J. M itchell, Chauncey Keep, George F. Baker, John A. Spoor. A . A.
Cummins is Treas. N . Y . office, 15 Broad St.— (V . 103, p. 1410; V. 104,
p. 566.)
PU RE O IL CO.. P H IL A D E L P H IA .— O R G A N IZ A T IO N — Incorp. in
N. J. Feb. 24 1896. Owns oil lands In Pa., III. and Oklahoma and trans
ports its oil by pipe lines, &c.. to its refineries at Marcus Hook. Pa. In
July 1916. V. 98. P. 1541: V. 99. p. 53. 411. Th e subsidiary Quaker Oil
Co. In 1914 paid a 500% div. on $50,000 stock. V. 98, p. 1320.
188
M IS C E L L A N E O U S C O M P A N IE S
[F or abbreviations, &c., see notes on Jirst page]
Quaker Oats— Common stock (see te x t)---------- -------------Preferred (a A d) stock 0% cumulative (seo t o x t ) -------Railw ay Stcel-Spririg Co— Common 513,500,000-------------Preferred (a & d) 7% cumulative 513,500,000-------------First mortgage on Latrobe plant gold red 105 s f ----- G.xc*
First mortgage on Inter-Ocean plant gold red 105 s f (j.xc*
R e m in g to n Arm s U nion A letallic C a r tr id g e C o —
Three-year 5% uotos callable 100 & int F & A 1918----------R e m in g to n T y p e w rite r — Common stock---------------------First 7% preferred (a & d) stock cumulative----------------Second pref (a A d) stock 8% cum 50,000,000 auth----1st M (85.500,000) call 102)4 conv into 1st pf.C o l.e*& r*
Republic Iron & Steel— Common stock S30.000.000----------Pref 7% (a & d) cum (V 09, p 850) 525,000.000___________
Sinking fund gold ( l s t ) M 525,000,000 red par.Cc.xc* Ar*
Potter Ore flrst mortgage gold guaranteed (text) s f _____ x
Debentures due 550,000 to $75,000 seml-ann ( V 95, P 55)-Z
Rogers-Brown IrCo— lstARefMS8,0()O,00Og red 102 H Ba xc*
bull & Susq Iron— 1st M 58,000.000 g red (text) - . N.xc* Ar
Debens $1,500,000 g red 105 since Sept 1910 C ol.xo* Ar
Royal Baking Powder— Common stock 510,000,000 -------Preferred (a A d) stock $10,000,000 6% cum ulative--------
Date
Bonds
1906
1911
1916
1916
1896
1902
1912
191.0
1902
1906
Amount
Outstanding
Par
Value
Rate
%
S100 $8,250,000 See text
100 9,000.000 6 in 1916
100 13,500,000 See text
100 13.500.0(H) 7 in 1916
1,000
2,994,000
5 g
3.099.000
1.000
5g
1,000
100
100
100
500 Ac
100
100
1,000 Ac
1,00(1
too
100
1,000
1,000
1.000
500 Ac
1,000
1,000
100
100
Voting trust holding 453,670 common shares expired N o v . 6 1915
V. 101, p. 1482.
Pref. stock was gradually retired out o f earnings, $11,300 being re
deemed In 1913 and $481,700 In 1914. V. 99. p. 411.
D IV ID E N D S .—
I ’06-’09. TO. ' l l . T 2 . ’ 13. T 4 . T 5 . 1916.
On common_________________%\ 8 y ’ly 7)4 8)4 12)4 20 10
0 Bolow
In 1916, M a r., 30c. (6% ) and $2 50 (50%) extra. V. 102, p. 810.
June, 30c. (6 % ) and $1 50 (30% ) extra; Sept. (6 % ) and 10c. (2 % ) extra.
D ec., 6% anrl 20 cents (4 % ) extra. 1917, M ar., 6% and 4% extra. V .
103, p. 412, 1596; V. 102, p. 1631.
Also, In Dec. 1911, 10% oxtra from the proceeds o f salo of property to
European interests. V. 93, p. 1389; V .94, p. 694.
R E P O R T .— Report for cal. year 1915, in V. 102, p. 810, showod:
1915.
1914.
1913.
1912.
N ot earns. Pure Oil C o . .
$731,405
$164,542 $1,275,481 $1,189,466
do propor. oth. cos. 2,880,986
1,598,661
911,155
489,136
Total net ea rn in gs... $3,612,391 $1,763,140 $2)186,636 $1,678,602
N e t earnings for the 5 months ending M a y 31 1916 were $2,721,179.
V . 103. p. 343.
O F F IC E R S .— Pres., M . M urphy, Phila.; V.-Pres., IV. C . M cBride; Sec.
& Treas., N . II. Weber. Office, Lafayette Bldg., Phila.. Pa.— (V . 102
p. 614, 716, 804, 890, 1631; V. 103, p. 243, 326, 412, 1596; V. 104, p. 367.)
Q U A K E R O A T S CO.— O R G A N IZ A T IO N .— Incorporated In New Jersey
on Sept. 20 1901. In Aug. 1906 the American Cereal Co. was merged,
V 8.3. o. 321. 381; V. 84. o. 607. Owns mills at Akron. ().; Chicago. Ill •
Cedar Rapids, Iowa; B attle Creek, M ich., and Hamburg, Germany; leases
other mills; V. 81, p. 778; V. 104, i>. 368. In Juno 1911 purchased from
Great Western Cereal Co. the mills at F t. Dodge, la ., and Joliet, 111.,
with trade rights In "M other’s Oats," and In Aug. 1912 the Saskatoon
(Sask.) Milling company’s plant. V. 92, p. 1705; V. 93, n. 289: V . 94. p.
626; V. 95, p. 485. Manufactures various cereal products. In Juno 1913 the
G o v ’t brought suit for alleged violation o f anti-trust law. V.96. p.1706.1766.
V. 98. p. 1004. Great Western Cereal anti-trust suit, V. 98, p. 76; V. 102,
p. 1544, * 163l .
S T O C K , A c.— Pref. stock lias no voting power (oxcept as regards increaso
of pref. stock) unloss dividends are 3 months In arrears. V. 83, p. 574.
As to stock dividend in Sept. 1916, see below, and V. 103, p. 583. Th e
shareholders w ill vote March 1917 on increasing tho authorized issues o f
common and preferred stock respectively to $15,000,000, only a limited
amount o f new stock to bo issued In the immediate future. V . 104, p. ('69.
On Dec.31 1915 had outstanding $1,950,000 notes, agst.$3,770,000 in T4.
D IV ID E N D S (% )—
11906. 1907-09.
1910. 1911 to Apr. 1917
On common (cash )__________l 2
8 yrly
9 )A
10% yrly. (O-.T)
Also in common stock, 50% ($2,500,000) Dec. 5 1912, and 10% ($750,
000) Sept. 30 1916.
R E P O R T .— Report for cal. year 1915, in V . 102, p. 974, showed;
Calendar
Gross
DuprePref. Divs.
Com. Dies.
Balance,
Year. Earninys.
ciation.
(6 % )
(10% )
Surplus.
$293,510
$540,000
$749,982
$2,140,731
1915___ $3,724,223
1914___ 2.367,251
267,602
540.000
749,980
809,669
O F F IC E R S .— Pros. Henry I ’ . Crowell; V .-P ., James H . Douglas
Treas., Robert Stuart; Sec., Robert Gordon. O ffice, 1600 Railw ay E x
change, Chicago, 111.— (V . 103, p. 583; V. 104, p. 669.)
O U IN C Y (C O P P E R ) M IN IN G C O.— V. 102, p. 2172; V. 103, p. 1986;
V . 104, p. 368.
R A I L W A Y S T E E L -S P R IN G C O .— Incorp. In N ew Jersey on Feb. 25
1902 as a consolidation (V . 74, p. 382, 482); enlarged by subsequent acquisi
tions. V. 66. p. 185; V. 72, p. 444: V. 74, p. 1041. 1200; V. 75, p. 80; V. 93.
p. 942, 734. Total capacity steel spring plants, 150,000 tons; steel-tired
wheel plants, 69,500 wheels; tiro plant, 140,000 tons.
D IV ID E N D S on pref., 1*4% quar., paid June 1902 to Dec. 1916. Incl.
Com ., 2% 1904; 1905 to 1907, 4% yearly; 1908, 3% ; 1913, 2% ; 1914-15,
none. 1916, Dec., 1 )4 % . V. 103, p. 1986.
BO NDS.— In N ov. 1905 the Latrobe Steel Co. was acquired, $4,500,000
5% 15-year bonds being Issued, a flrst Hen thereon, but not a lien on other
properties. Annual sinking fund, $135,000. V. 81, p. 1496, 1726: V . 82,
p. 51: official statement, V. 84, p. 100. The 1st 20-year 5s of 1911 ($3,
500,000) on Inter-Ocean plant have an annual sink, fund of $125,000. be
ginning 1914. V. 93, p. 942, 1108; V. 96. p. 1560.
R E P O R T for cal. year 1915. in V. 102, p. 974, showed:
Calendar
Gross
Net, after
Interest Pref. Divs.
Balance,
Year—
Earninys. Dcprec.,&c. Charges.
(7 % )
S u r.o r D e f.
1915 . ...........$7,043,957 Sl,688,406 $325,237 $945,000 sur.$418,229
1914_______ 4,351,465
713,285 338,831
945.000
def. 570.546
Pres., F. I1. Fitzpatrick; V.-Ps., A. S. Henry, S. T . Fulton; Sec., M . B.
’
Parker. Offico, 30 Church St., N . Y .— (V . 103, p. 1986.)
R A Y C O N S O L ID A T E D C O P P E R C O — (V . 102. p. 1815; V. 103, p.
140, 326, 583, 946, 1796, 2160; V. 104, p. 566.)
R E A IIN G T O N A R M S -U N IO N M E T A L L IC C A R T R ID G E C O .—
O R G A N IZ A T IO N .— Incorp. Jan. 17 1916 in Conn, to take over tho Rem
ington Arms & Ammunition Co. o f N . Y . and tho Union M otallic Cartridge
Co. o f Conti. Plant at Bridgeport, Conn., with enlargements said to be
largest small arms plant in tho world. As to modification o f rifle contract
in Dec. 1916, seo V. 103, p. 2083.
S T O C K .— Authorized capital is $60,000,000 in $50 shares, consisting
o f $20,000,000 7% cum. pref. and $40,000,000 common stock, till tho preverred and $30,000,000 o f tho common stock being outstanding. Pref. is
rctirablo at 110% and accrued divs. on any dividend date. N early all of
tho stock is said to be owned by Marcellus Hartley Dodge ,who In Dec. 1916
retired as Chairman o f tho board.
N O T E S .— Authorized and issued, $15,000,000 3-yoar 5% gold notes,
dated Feb. 1 1916, due Fob. 1 1919. Redeemable as a whole at 110 and
lnt. either Fob. 1 or Aug. 1 in 1918 on 30 days’ notice. V. 102. p. 527;
V . 103, p. 762. In Oct. 1916 was said to bo arranging for now financing.
O F F IC E R S , &c.— Managing Committee, organized in Dec. 1916, Samuel
F. Pryor, Chairman; G. M . P. M urphy, V.-Pres. Guaranty Trust Co.;
James 11. Perkins, V.-Pres., N at. C ity Bank, and W . E . S. Griswold.
The President is Henry S. Kim ball: Treas., C. S. Hawley. N . Y . offico,
374 Broadway. V. 103, p. 762, 2083, 2160; V . 104, p. 368.
R E M IN G T O N T Y P E W R IT E R C O .— Organized in 1893 In N . J. as
Union Typew riter Co.; roTncorporated In N ew York In M a y 1909. V. 88.
p. 752, 1377; V. 89, p. 925. In M ch. 1913 changed namo to Remington
Typew riter Co. after taking title to the plants o f tho controlled companies,
viz.: W yckoff. Seamans & Benedict, Yost W riting Machine, American
W riting Machine, Monarch, Smith Premier and Densmore Typew riter
cos. V . 96, p. 866; V. 79. p. 1481. Decision, V. 84, p. 630.
IVo l . 104.
IN D U STR IA L STOCKS A N D BONDS
5g
15.000,000
10,000,000
4,000,000
5.000,000
6g
4,950,000
27 191,000
25.000,000 See text
16,346,000
5 g
255,000
5 e
10,000,000 12 In T6
2,500,000
7
870.0(H)
5 g
1,390 000
4H g
1.100,000
5
4.879 ,(HHi
5g
2.000,000
5 g
1,500,000
5 g
10,000,000 See text
10,000,000
6
When
Payable
Last Dividend
and Maturity
Q— J 15
Q— F
See text Dec
Q— M Dec
J A J Jan
A A O
Places Where Interest and
Dividends are Payable
Checks mailed
do
30 TO. IVL Bankers T r Co,
do
20 TO. 1%
do
1 1921
do
1 1931
F
A
& A
A O
Q— J
Q— J
1 T 4 , 2%
J & J ..... 1 T 8 to '26
Feb l 1917 1H
Q -J
A A O
J A D Dec 1 1931
Q— J Jan 1 T 7 . 8%
Q— J Jan 1 T 7 .1 *4%
M A N May 11946
F A A Aug 1 1932
M A N M a y .17-Nov '28
J A J Jan '18-Jan ’40
J
A D June 1 1932
M A S Jan 1 1926
Q— M Dec 30 T6 . 4%
Q— M Dec 30 T6 , 1 K
N Y
do
do
do
N a t C ity Bank, N Y
Check from Go’s office
do
do
do
d<'
Columbia T r Co, N Y
Gen’ l Office, Youngst'wn
Centra) Trust Co. N Y
Hanover Nat Bank, N Y
Checks mailed
do
36 W all Street, New York
do
do
do
do
Bankers Trust Co, N Y
New York Trust Co, N Y
Columbia Tr C o.N Y
Checks mailed
do
D IV S . f ’95. '96. ’ 97-'99. ’00. ’01. ’02-'07. ’08-’ 12. 13. 1914. T o J a n ’ 17.
1st prof |
7 7 7 y ’ly
7
7
7y 'ly 7 y ’ly
7
7
None
2d pref. (
6 8 8 y 'ly 16
16
8y ’ly 8 y ’ly
8
8
None
Com
.. ..
..
..
6y ’ly 0
1 0
None
Accumulated dividends to Feb. 1917: On 1st prof., 15)4% ; on 2nd pref.,
16%. V . 104, p.669.
B O N D S , &c.— In 1915-16 tho finances woro readjusted.(see V . 101. p.
1812) to provide for the $4,300,000 notes and other requirements ma
turing Jan. 15 1916. Tho plan provided that stockholders should:
(1) Subscribe at par for about $1,800,000 bonds; (2) surrender to tho
company, for underwriting purposes, &c., at least $1,000,000 o f their
common stock; (3) place their stock in a 5-yoar voting trust; (4) consent to
tho execution of a mortgago to securo $7,500,000 sorial bonds, whereof the
present issue $5,500,000 is 6% bonds, due $550,000 Jan. 1 annually 1917
to 1926, both Incl. callable, at 102H , but convert, at option o f holder after
Jan. 1 1918 into new 7% first pref. conv. stock at par. This now stock
is callablo at 110 & divs. Seo salo of bonds, V . 102, p. 72, 158. Tho initial
$550,000 bonds was paid o ff Jan. 1 1917 (V . 104, p. 669).
R E P O R T for year ending Dec. 31 1915 at length in V. 102, p. 1245, 1272,
1344,showing: Prof its. $1,127,667: int. charges, loss int. received, $273,761;
depreciation, $324,797;bal.,sur.,$529,109. (V . 101, p. 1812; V. 102.p. 158.)
Chairman, Loronzo Benedict; Pres., Frank N . Ivondolf; Sec., Geo. K .
G illuly, 293 B ’ way. N . Y . o ff ice. 374 B ’way. N . Y . — (V.104, p. 669.)
REO M O T O R C A R C O R P .— See V. 102, p. 158; V. 103, p. 670, 1036,
1215, 1305, 1511, 2083.
R E PU B L IC IRON & STEEL CO.— O R G A N IZ A T IO N .— Incorporated In
v J. May 3 1899 to consolidate 29 plants making bar and forge Iron. Also
owns 10 blast furnaces, Bessemer steel plant, open-hearth steel works,
tube works, &c., A c., mining properties in Mesaba, M arquotto and Monom lnee, extensive Iron and coal lauds in Alabama, &c., coke plants at Republic
and Acheson, M artin and IJowood, Pa., and Thomas, Ala. (see V . 71, p.
545.) For properties, V. 68, p. 674; V. 70, p. 228; V. 71, p. 454; V . 77, p.
455; V. 79. p. 1480. 1702; V .81, p. 1562; V .S 3 .p . 1035; V. 84. p.342: V .8 7 ,
p. 1303.
In Nov. 1906 Republic Iron & Steel and Tenn. Coal & Iron Jointly guar
anteed $700,000 5«%bonds of Potter Ore no. V.83. p. 973, 1417
D IV S . j ’06. '07. ’08. ’09. ’ 10.’ l l . ’ 12. T 3 .
*14. ’ 15.
1910. 1917.
On prof
7
7 3)4 3)4 7
7 1)4 7
5)4 1)4
7 1)4 qu
Onaccum sl 7 ) 4 6 —
*4
1
1
1
1
1 )4
1.
8 4
On common (initial distribution)________________________________ Feb., 1)4
Last o f dividend warrants for accumulated dividends issued In 1909, 1 % ,
was paid Oct. 1 1915, and tho final 4% o f tho accumulation o f cash divi
dends duo to tho war was paid Jan. 1 1017. V. 103, p. 670, 1986.
B O N D S .— Th e 5s of 1910, now a first lien on tho entire property, are
callable for sinking fund (minimum $250,000) and also on and after Apr. 1
1920 as an entire issue at 105 and lnt.; $19,869,000 had In Jan. 1917 been
Issued to retire the 5s o f 1904 and for general purposes (o f which $2,533,000
retired by sinking fund and $990,000 held in troasury. Tho remaining
$5,131,000 o f tho $25,000,000 auth. are reserved for issuo for acquisitions
and betterments under restrictions. V. 90, p. 451, 703, 854, 1048; V . 92,
p. 1182: V. 93, p. 51; V. 95, p. 622, 822; V. 100, p. 1353, 1442.
There were also, Dec. 31 1916, $194,000 bonds outstanding on tho
M artin & Palos Coko Works properties.
R E P O R T .— For cal. year 1916, in full, V. 104, p. 448, 400.
1916.
1915.
1914.
1913.
Unfilled orders Dec. 31.
800,976
729,676
298,682
170,255
$5,622,909 $2,407,552 $5,025,282
Gross p ro fits ___________ $16,893,212
Total not profits........ . 15.047,900
4,385,723
1,869,074
3.963,390
In t. on b on d s an d n o te s,
8 5 8 ,7 3 7
8 6 9 ,9 0 4
8 4 0 ,3 2 6
8 6 2 ,0 9 0
Preferred divs........(18 % )4,500,000(4)4) 1187500(3)4)875.000(7)1.750,000
Common divs______ (1 H %)407,865
---------------------Balance, surplus........ $9,881,298
$2,328,319
$153,748 $1,351,300
Quarterly Profits in 1916 Applicable to Dividends.
1st Quar.
2d Quar.
3(1 Quar.
4th Quar.
Total.
$2,139,441
$3,628,635
$3,903,677
$5,117,410
$14,789,163
D IR E C T O R S .— John A . Topping (Chairm an), G . Watson French, Thos.
J. Bray (Pros.), Earl W . Oglebay. Edw. J. Berwind, Grant B. Schley,
Leonard O. Hanna, W . T . Graham, II. L . Rownd (Vico-Pres.) and
Howard M . Hanna Jr. Richard Jones Jr. Is Sec. and H. M . Hurd, Treas.
Main offico, Republic Bldg., Youngstown. O.; N . Y . offico. 17 Battery P L
— (V . 103, p. 319, 670, 1893, 1986, 2348; V. 104, p. 448, 460.)
R E Y N O L D S (R . J.) T O B A C C O C O — O R G A N IZ A T IO N . &c.— I n
corporated in Now Jersey Apr. 3 1899. Manufacturers plug, twist and
smoking tobacco and cigarettes. Manufacturing plants at Winston-Salem
N. O.; leaf tobacco and ro-ordernlg plants at Richmond, Danville, South
Boston and Martinsville, Va.; M t. A iry and Roldsvillo, N . O., and L ex
ington, K y .
S T O C K .— Common stock, 810,000.000. Prof, stock, 7% cum., auth.,
$10,000,000: outstanding. $2,500,000. V. 99, p. 1372.
C O M M O N D IV S .(% ) — ’OS. '09. ’ 10. ’ l l . ’ 12. ’ 13. T 4 . *15. ’ 16 ’ 17.
R e g u la r............................ 6 6
6
6
6 12 12 12 12 3 ,- .- ,E x tr a ................................ 13 14
0
0
4
0
4 10 16 5
R E P O R T .— Report for cal. year 1915, in V. 102, p. 1054, showed: N ot,
aftor deprec’n, & c., $4,729,988; pref. divs. (7 % ), $175,000; com. divs.
(22 % ), $2,200,000; surplus. $2,354,988.
^
Pros., R. J. Reynolds; Sec., M . E. Motsinger; Treas., D. Rich. Offico,
Winston-Salem, N . C .— (V . 102, p. 890, 1054; V. 103, p. 2213.)
R O G E R S -B R O W N IR O N C O .— Seo pago 195.
R O Y A L B A K I N G POWDER CO.— O R G A N IZ A T IO N .— A consolida
tion Incorporated In Feb. 1899 under the laws of N. J. Sec v 71, p ,5.(5.
D IV S.— /’01. ’02. ’03. ’04. ’05. ’06-’09 ’ l o t o ’ 13. 1914. 1915. 1916.
Com m on.%1 8
8
8
X 8
10 v ’rly 12 y ’ rly
10
10
10
In Dec. 1915 and again in Dec. 1910 2% and 2% extra.
Pres., W . L . Garey; Vice-Pros., A . H . Porter: Sec., V. O. G ray. Office,
Royal Bldg., William and Fulton Sts., N. Y .— (V . 101, p.928, 2078).
R O Y A L D U T C H C O — V. 103, p. 2160, 2243, 2435; V. 104, p. 368.
R U B B E R G O O D S M FG . C O .— Soo U S Rubber Co
(M .) R U M E L Y C O .— See Advanco-Rumoly Co. above.
S T , L O U IS R O C K Y M O U N T A IN & P A C IF IC C O .— Company owns
In fee 206,488 acres o f high-grade bituminous coal lands and coal rights and
surface nocossary for mining In 344,837 acres additional, cast, west and
southwest o f Raton, Colfax County, N . M . A t Brilliant, Van Ilouten,
Koehler, Gardiner and Sugarite the company has in operation 13 electrically
equipped coal mines o f a presont producing capacity o f about 10,000 tons
of coal dally; In operation at Gardiner and Koehlor coko ovens of
180,000 tons annual producing capacity,
*
Feb ., 1017.]
M IS C E L L A N E O U S C O M P A N IE S
fFor abbreviations, & c., see notes on first page
Safety Car Hcatimr & Lighting— Stock $10,000,000-- - - - - - S t I ouIs Rockv Alt & P a c C o— Common stock $10,000,000
Preferred stock 5% non-cumulativo----------------------- - - -
1st mortgage g sinking fu n d .------------------------Mp.xc*&r*
Saxon Alotor C ar C o rp — Auth stock $(>.000,000..................
Sears. Roebuck x C o—Common stock, $75,000,000.. ........
Preferred stock (a & d) 7% cumulative (text',. . ------------S h a w in igan W a te r & P o w e r C o — Stock $20.000,000------ ■
1st Consol M (closed) call 110 sink fund 1 % -------------- c
Perpetual Consolidated M ortgage debenture stock----- - -
Secured gold notes closed call 101..............
Sierra & San Pr Pow — 2d pref 5% cum non-par 812,029,900
S in c la ir O il & R e fin in g — Stock 1,000,000 shares-------- . . .
1st Lion bonds callod to be paid M a y 1 1917 - — -77.7-7W?
Singer (Sewing Machine) Manufacturing— h,t0«,kn
nAn J
Sloss-Slieffield Steel & Iron— Common stock S 10,000,000-
Preferred (a & d) 7% non-cum $10,000,000----------- Sloss Iron & Steel Co first mortgage gold ..............ce.z
General mortgage gold subject to call
Sm ith M otor T ru ck C orp — Prof (a & d) stk 8% cum conv.
Date
Bonds
1905
1904
1907
1916
1916
1S87
1888
Par
Value
Amount
Outstanding
Rate
%
When
Pagable
Last Dividend
and Maturity
Dec 423 ’ 16. 2%
$100 S9.862.000 8 in 1916 O— J
Jan 10' 17, 1 %
100 10,000,000 2 in 1916
Dec 30 1916 I H
1.000.
5 000 1916 Q— M
In
5.038.000
J & J July 1 1955
5 g
1,000 * 0
Jan 17 1917 1 %
100 6.000. 000
loo! See text 7 In 1916 Q— F A pr 2 ’ 17. 25
100
8,000,000 7 in >916 Q— .1 Jan 1 ’ !7, I %
7 in 1916 Q— J10 Jan 10 1917 1%
000
100 15.000.
J & .1 Jan 1 1934
5g
500 &c
4,536,500
J & D Perpetual
5,476,261
4H
A & O Oct 1 1918
2.500.000
5g
1,000
See text
Q— F Fob 20’ 17 $1.25
None 970,074 shs
M & N M ay 1 1917
6g
500 &c $1,629,500
See text Q— M Dec 1916 2 A %
000
100 60.000.
100 10,000,000 See text Q— M Feb 1 1917 1 A
A
100
6.700.000 in 1916 Q— J Jan 2 1917 13
F & A Feb 1 1920
1,000
2,000,000
6g
1,000
2.000,000
4 A g A & O Apr 1 1918
Q— J 15 See text
100
1.400.000
Ail nf (he securities o f the St. Louis Rocky Mountain & Pacific Railway
nreviously owned were acquired In April 1915 by the Atchison Topeka &
Santa Fo for $50,000 cash and $3,000,000 50-year 4% bonds secured by a
1st M on the road. O f the Atch. T . & Santa Fe 4s, $2,369,000 have been
exchanged for St. L . It. M . & Pac. 1st 5s, reducing the latter by that am t.,
and tlio remaining $040,000 substituted for tho St. L . R . M . & P. R y .
bonds formerly held under the lion o f the St. L . R. M . & Pac. Co. 1st M .
bonds. Tho latter may bo sold and the proceods sold for sinking fund
purposes or also exchanged for bonds under tho mortgage o f 1905.
A supplemental mortgage has been made by this company providing that
no further bonds o f 1905 shall be issuable except not to exceed $1,000,000
to dovelop and improve tho coal property and increasing the sinking fund
to 3c. per ton o f coal minod yearly. V . 97, p. 366, 445, 803, 1824; V . 100.
p. 1169. 1593. 1753.
, ,
S T O C K .— Pref. (as to assets and divs.), 5% non-cum., non-voting,
$1,000,000; common, 310,000,000. Stockholders owning 88% o f the com
mon stock have established a voting trust for fiv e years from Doc. 15 1915
with Charles Springer, Hugo A . Koehler, J. van Houton, M argaret M .
Dobyno and Thomas B. Harlan as voting trustees and M etropolitan Trust
Co., N , Y . , depositary and transfer agent for stock trust certificates
Bankers Trust Co. N . Y ., registrar. V. 95. p. 1332; v - 87, p. 136,>.
D IV ID E N D S .— On pref., Aug. 31 1912 to Dec. 30 1916, 5% p. a.
(1 % quar.) On com., H % . paid Jul.v 16.1913; Feb. 15 and July 1914.
U % ; Jan. & July 10 & N o v . 1 T5 . A % : 16. Jan.. Apr.. July & O ct., A % ,
^ E A R N I N G B .— 6 mos.,/1916-............Gross, $1,431,881; net, §427.477
Julv 1 to Dec. 31.
\1915---........Gross, 1,404,504, net. 405,292
Surplus after charges, $301,527, against $261,738.
R E P O R T .— For vear 1915-16 at longth in V. 103, p. 1684, 1706.
June 30
Gross
Net (after
Other
Interest, Dividends Balance,
Year—
Earnings.
Taxes).
Income. D epr.,& c. Paid.
Surplus.
1915-16
$2,486,271 $557,305 $177,365 $401,543 $250,000 $83,127
1914-15
21465,215 650,007 207,752 525,568 150,000 182.191
Divs. include 5% yearly on pref., calling for $50,000, and in 1915-16
3200 000 (2% ) on common, against (1 % ) $100,000 in 1914-15.
Pres , Jan Van Iloutcn.— (V . 103, p. 1416, 1G84, 1706, 2239.
SAFETY C \R H E A TIN G & L IG H T IN G CO.— O R G A N IZ A T IO N .—
Incorporated in 1887 In New Jersey. Manufactures “ Plntsch” light appa
ratus which, M a y 1914, was in uso on over 43,000 cars in tho U nited States,
Canada and Mexico; in tho world on 165,000 cars and 8,000 locomotives.
Pine trie lighting systems installed on over 80 railroads in 11. S. and Canada.
D IV S
'02. ’03. '04. '05. '06. '07. '08. '09. '1 0 .'11-’ 13.'1 4.'15. 1916.
Cash . % | 9 12 12 17 18 13
9
9 11 9 y T y . 8 8
8
In Julv 1907 a 100% stock dlv. was paid.
R E P O R T .— Report for year ending Dec. 31 1915 in V. 102, p. 1716.
Directors include: Robert Andrews (C hairm an), R . M . Dixon (Pres.) . Win.
Barbour Alex. C . Sopor, II. H. Wohrhane, It. R. Carso, E. M . Bulkley,
E L e B .’ Gardner, R . F am ily, Austin Lathrop, .T. P . Sopor, A . B. Hep
burn O. II. Duell and J. A. Dixon. N . Y . offico, 2 Rector St.— (V . 100,
p 1747; V. 101, p. 135; V. 102, p. 1716; V . 103, p. 1893; V. 104, p. 458.
SAN FRANCISCO GAS fit ELE C TRIC CO.— See “ Electric R ailw ay S e e .’
SA N JO A Q U IN L I G H T & P. C O R P .— See "E lectric R y . Section.”
S A X O N M O T O R C A R C O R P .— O R G A N IZ A T IO N .— Incorporated
n N . Y . N ov. 23 1915 to acquiro tho Saxon M otor Co. See V. 101. p.
1812; V . 104, p. 566. Plant is at Detroit. Auth. capital stock, $6,000,000,
in SL00 shares, all outstanding. N o bonds or pref. stock. In 1910 com
pany produced 27,841 cars, comparod w ith 18.S75 in 1915. D iv. N o. I,
Inly 1 1916,
Oct. 2, 1 % % ; 1917, Jan., 1 *4 % . Report for 1915-16
(V . 103, p. 1411) showed for 8 mos. end. Juno 30 1916 net profits $963,443
and aftor deducting a div. o f I A % $90,000, tho balance for same period
was $873,443. Officers: Pres. Harry W . Ford; V.-Pros. Leo Council
man; Treas. E. E. von Rosen. Offico Detroit. M orrill Lynch & C o.,
N . Y ., arc interested.— (V . 103, p. 946, 1016, 1123, 1411; V. 104, p. 566.)
S C R IP P S -B O O T H C O R P ., N . Y . (A U T O A IO B IL E S ).— V . 103, p.
1046, 1123.
SEARS, ROEBUCK & CO.— O R G A N IZ A T IO N .— Incorporated In New
York June 16 1906. Conducts retail mail order business In Chicago.
V. 83, P- 629, 41. Statement to New York Stock Exchange, showing propsrtlcs owned, rights of stock, &o. V. 84. p. 1246: V. 90. n. 240.
S T O C K .— Preferred stock cannot bo Increased or mortgage (other than
purchaso money mortgage) created without tho vote o f three-fourths of
each class of stock. Entire preferred stock or pro rata portion may ho re
deemed at 125. V. 84, p. 1246. A s to stock distribution in 1917, see
“ Dividends” below.
.
Tn N o v 1909 $750,000 pref. stock was canceled, $2,000,000 In all (origin a l
Issue $10 000 000) h avin g been retired . V . 89. p. 925. 1286; V . 90. n. 714.
D I V I D E N D S . — Pref., 1H % quar., paid Oct. 1906 to Jan. 1917, both
Incl
On com.. 1909, 4 A % : 1910 to Feb 1917. 7 % ( 1 K % Q .’F J . Also
April 1 1911 a 33 1-3% stock dividend. V . 92, p. 601. A stock dividend
o f 50% was paid A pril 1 1915. V. 100 p. 479. In Jan. 1917 the directors
recommended a stock dividend o f 25%, payable A pril 2, increasing tho out
standing common stock to $75,000,000. V. 104, p. 368.
S A LE S.—
1917.
1916.
Increase.
$9,550,251 $3,633,561
M onth o f January_______ ________--$13,183,812
R E P O R T .— Roport for year ending Dec. 31 1916,1 n V. 104, p. 418.
Calendar
Total
Net
Pref .Div. Com.Div. Employ’s Balance,
Income.
Profits.
(7 % ).
(7 % ).
Fund.
Surplus.
Year$
$
$
$
$
$
.137,421,908 10,488,622 559,190 4,199,874 412,216 11,317,344
1916—
-106,382,155 11,100,388 559,190 3,849,759 ..........
0.691,440
1915.
O F F IC E R S .— PrEs., Julius Roscnwald: V .-P . & Treas., Albert II. Loeb;
Sec., John Higgins.— (V . 103, p. 149. 499, 946, 1091, 1791, 2160; V . 104,
p. 77, 368, 448, 458.
S H A T T U C K -A R IZ O N A C O P P E R C O .— See page 206.
S H A W IN IG A N W A T E R & P O W E R C O M P A N Y .— Incorp. in 1898
in Quebec. Owns hydroelectric plant, with present capacity o f 150,000 h.p.
at Shawinigan Falls, Quo. Servos with its 700 miles o f transmission lines,
M ontreal, Quebec, Three Rivers, Tlietford Minos and 30 smaller cities and
towns in l ’ rov. o f Quo. Has also developed a large demand for power
among the industrial plants adjacent to its property. Also owns or controls
water rights capablo o f a further dovelopmont of 110,000 h.p.
Under contracts witli Laurentido Power Co., Ltd. (V . 103, p. 1035),
is able to obtain 50,000 h.p., with an option until July 1 1918 on 50,000 h.p.
adSTO°CK.‘__Capital stock, authorized, $20,000,000; outstanding, $15,° ° ^ i « b
» ’07. ’08. ’04. TO. ’ l l . '12. T 3 . ’ l l . T5 . T6 .
1917.
Per c e n t . . 1 2
4
4
4
5 5A
6
6 <A
4
7 H i quar.
89
IN D U STR IA L STOCKS A N D BONDS
Places Where Interest and
Dividends are Payable
By cheek
Bankers Trust
do
Guaranty T r
Checks mailed
do
Co. N Y
do
Co, N Y
do
N Y , London & Montreal
N ew Y ork
Central Trust Co, N
do
do
do
do
do
do
B O N D S . &c.— First Consol. 5s, all issued but $463,500 in sinking fund
(V . 79, p. 274). Th o Perpetual Consolidated M tg e. 4 A % Debenture stock
is lim ited to 50% o f outstanding common stock, and is a first lien on certain
securities and a 2d lien on plant, &c. See V. 85, p. 164.
The $2,500,000 2-year 5% notes are a first and closed lion on (a) $1,000,
000 stock o f Laurentido Power C o., Ltd .; (b) $2,700,000 stock o f C ivic
Investm ent & Industrial Co.; (c) $100,000 1st M . 5% bonds o f Cedars
Rapids M fg . & Power Co. (V . 103, p. 323, 238), and (d) $500,000 P rov . o f
Quebec 4 A % gold bonds duo July 1 1946, but see V. 103, p. 1597.
S TO C K S O W N E D .— Owns with other securities $4,000,000 o f the
$63,469,100 capital stock o f tho Civic Investment I t Industrial Co. (V . 103,
p. 1304), which controls, through ownership o f practically the entire cap
ital stocks, the M ontreal Light, H eat & Power C o., serving Montreal,
and the Cedars Rapids M fg . & Power C o., having a developed 110,000 h.p.
on the St. Lawrence River, with the rights to develop 160,000 h.p. (V . 103,
p. 323). Also controls various subsidiary m fg. and distributing companies.
R E P O R T .— For cal. year 1915 in V. 102, p. 884, showing:
1912.
Calendar Years—
1915.
1914.
1913.
Gross earns, (all sources) $1,920,143 S I,805.217 $1,690,883 S I,569,671
N et e a r n in g s ............ I $1,695,105 $1,560,622 $1,473,439 $1,362,257
$489,897
Interest charges_________
$526,073
$499,153
$501,360
D iv id e n d s ......................
*787,131 (6)721,875 (6)660.000(5M)540.000
____________
Balance, surplus_____
$381,901
$339,594
$312,079
$332,360
* Includes dividends paid in 1915 and interest on new stock.— V . 103,
p. 2244, 1986.
S IE R R A & S AN F R A N C IS C O P O W E R C O — S e e ’Eloctric R y ’/Soction.
S IN C L A IR O IL & R E F IN IN G C O R P .— (See M a p .)— O R G A N IZ A
T I O N .— Incorp. in N . Y . State in M a y 1916 as a holding company (V . 102,
p. 1815, 1902) and owns the entire capital stock and bonded debt o f four
subsidiaries, namely, Sinclair Oil & Gas Co., Sinclair-Cudahy Pipe Lino C o .,
the Sinclair Refining Co. and tho Excliango Oil Co. Tho properties thus
controlled include (a) 4 modern oil refineries, combined capacity 20,000 bbls.
a day; over 600 miles o f trunk and gatherling lines; (ft) interests in oil leases
on 100,000 acres in tho Midcontinent Oil Fields in Kansas, Oklahoma and
N orth Texas, with about 1,500 wells (50 more drilling). In Jan. 1917 tho
company reported its daily production as about 20,000 bbls. crude petro
leum daily.
,
In Feb. 1917 had under construction: (a) an 800-mile pipe line to \ hiting,
Y
near Chicago, w ith 34 miles extension to Tulsa, Okla.; (6) three refineries
at Kansas C ity, Chicago and Tri-Cities, Ind., increasing the refinod output
to 40,000 bbls. daily. V. 103. p. 2337. Tho Crystal Oil Co. is an inde
pendent company controlled by Sinclair interests (V . 103, p. 2435) so also
is the Sinclair G u lf C o., which is planning to build a 500-mile pipe lino to
Houston, Tex. V. 104, p. 458, 77.
S T O C K .— Total auth., 1,000,000 shares, no nar value: outstanding
Feb. 15 1917,970,074 shares; reserved for conversion, o f 1,029,500 bonds
(at 110), 29,926 shares.
, .
O f the S20.000.000 1st Lien bonds o f 1916 thero had been retired by
sinking fund in Feb. 1917, $119,000, there had been converted at 110 into
stock under option (expired Feb. 11), $17,951,500, and tho remainder,
$1,629,500, had been called for redemption on M a y 1 at 110. A syndicate
underwrote at $60.50 per share tho new stock needed to finance the plan,
increasing tho outstanding stock after M a y 1 1917 to about 1,000,000
shares. V. 104, p. 66J, 170, 77.
D IV ID E N D S P A I D .— N o. 1, quarterly, $1 25 per share, Aug. 10 1916;
N o v ., $1 25: Feb. 1917, $1 25.
„
O B L IG A T IO N S .-— T h e remainder o f tho 1st lion bonds ($1,629,500)
have been called and will be paid at 110 on M a y 1.
■ R E P O R T .— For 6 months ended Oct. 31 1916 (V . 103, p. 2337) showed:
Gross income (all properties) before providing for depreciation-.$5,103,959
Interest on 1st lien 10-year 6% convertible bonds, $478,407: on
.
notes and accounts payable, $18,567--------------------------------496,974
Dividends paid during tho period--------------------------------------- 1,429,497
Balance, surplus, for six months______________________________ $3,177,487
D IR E C T O R S .— Pres. H . F. Sinclair, N . Y ., 1st V.-Pres. Joseph M .
Cudahy and 2d V.-Pres. W . I I . Isom, Chicago; Treas. J. Fletcher Farrell;
O. W . Davison, V.-Pres. Central Trust Co.; S. L . Fuller, o f Kissel, K in nicutt & Co.; Albert Strauss, o f J. & IV. Seligman & Co.; R ay
Morris, o f W hite, W eld & Co.; Acosta Nichols, of Spencer Trask & C o.,
and Theodore Roosevelt J r., o f M ontgom ery, Clothier & T yler, all o f N . Y .;
John R. Manioti; E. R. Kem p; E. \V. Sinclair, Pres. Exch. N at. Bank;
O. E. C raulev and W . L. Connelly, Tulsa, Okla.; W illiam H uttig, Pres.
N at. Reserve Bank; C. A . Braloy; I I . P. W right, Pres. II. P. W right Invest
ment Co., and J. IV. Perry, Pros. Southwest N at. Bank o f Commerce,
Kansas C ity: Jno. A . Bell, Pres. Colonial Trust C o., Pittsburgh.— (V . 103,
p. 65, 244, 876, 670, 946, 2337, 2435: V. 104, p. 77, 458, G69.)
(T H E ) S IN G E R (S E W IN G .M AC H IN E) M FG . C O .— O R G A N IZ A 1
T IO N .— Incorp. In 1873 in N ew Jersey under special A ct. Plants located a
Elizabeth. N . J.: Kllbowle. near Glasgow: St. John. Que.. &c. V . 83. p.276.
Stock Increased in 1900 by 200% stock dividend and in 1910 by 100%
stock dividend, capitalizing surplus. V . 71, p. 1224, 1273: V . 90. p. 1494. '
D IV S.— '0 4 .’0 5 .’06. 07. ’08. ’09.
1910. T 1 . T 2 . T 3 . 14. T5. T6.
■Since 1<102-31 13 8
1
1 15 30 10,3.3.3 12 13
16 12 8
9
In 1916. M a r.. 2% : Juno, 2% ; Sept., 2 A % \ D e c .. 2 ^ % .
Pres., Douglas Alexander: V .-P .. F. A . Park. O ffice, 149 Broadway.
N ew Y ork.— (V . 90, p. 1494; V. 96, p. 65; V. 98, p. 1160; V . 102, p. 1254.)
SLOSS-SHEFFIELD STEEL & IRON CO.— O R G A N IZ A T IO N .— Incor
porated in New Jersey. See prospectus. V . 69, p. 286: V 70. p 1099.
V. 71, p. 185, 545: V . 72. p. 779: V. 76, p. 659; V. 87, p. 352. See
V. 70, p. 1200. showing properties, rights ol preferred shares, &c.: also
V. 72. n. 774: V. 78. o. 1177: v S1. p. 1324.
D IV S .
f
1905.
’06. ’07. ’ 08. ’09. ’ 1 0 .’ 11-’ 14. ’ 15-’ 16. 1917.
C om m on-.-j5 & 33 1-3 stk.
5 5 4)4 5 3 3 K None
A
None 1M qu.
P re ferred ..I
7
7 7 7
7
7 7 yrly B elow 1M <juTh e pref. dividend was paid in Jan. and Oct. 1915 In 1-year 6% scrip; no
distribution April or July 1915. but in Jan. 1916 all the dividend scrip
(3 A % ) was redeemed and there was paid in cash 1 H % and also an extra
1 U % as deferral dividend for 1915. A pr., July and Oct. 1916, 1 4 % .
3
1917, Jan., \3 % - T h e pref. stock is non-cumulative. Common divs.
4
resumed Feb. 1917 on 6% basis, 1 A % Q.-J.
E A R N IN G S .— For tho 3 months to Aug. 31 1916 (Aug. partly est.):
3 M os. to
Net
Legal Bond In i. Depr. over Pref.Divs. Balance,
Aug. 31— Profits. Exp.,& c. & Taxes.
Charges.
(1 H % )
Surplus.
1916-______ $481,466 $7,584 $69,900 Cr.$17,693 $117,250 $304,425
Earnings for 9 mos. to Aug.31 1916 wero $ 1,407,506; throe quar. pref. divs.
o f I X % each (5 H % ). $351,740; bal., surp., was $1,055,766. In Feb. 1919
earnings were at the rate o f about 20% on common stock. V . 104, p. 669.
190
IN D U S T R IA L STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, A c., see notes on firs t page)
Date
Bonds
Solar R e fin in g Co— Stock $2,000,000 __________ ____
South Penn Oil Co— Stock $20,000,000....................... .........
South Porto Rico Sugar Co— Common stock $4,000,000___
Preferred stock (a & d) 8% cum $4.000,000....................
Bonds ($58,000 convert an d$750,000ser unconv) Usm.xc •06-'09
South Bell Tel & T — 1st M red 105 beg 1010 s f.B a xxe*& r* 1911
Southern California Edison Co— Common stock $96,000,000Pref 5% and participating cumulative $4,000,000 ............
Edison Electric of Eos Angeles first mortgage___________ xx 1899
United Electric Gas & Power first mortgage sink fund _.xx 1000
Edison Elec of Los Ang 1st & ref M g s f red 110-- Usm.xxo* 1902
Debentures $2,500,000 rod 101 conv t e x t . . . ........
c* 1915
General mortgage gold redeemable at 105..................
1909
Refunding mortgage (proposed) .$100,000.000...............
S ou th ern N ew E n gland T e le p h o n e Co— Stock________
1st mortgago___________
1898
Southern Pipe Line Co— Stook $4o.obo7666” r i ” i r i r i r
S ou th ern Pow er Co— 1st M $10,000,000 g red 105--F.xxc* 1910
outh West Pennsylvania Pipe Lines— Stock $3,500,000--.
o u th w e tte rn P o w er & L ig h t Co— Com stock $20,000,000
Prefstock 7% cum $3,000,000..................
Second preferred cum $3,000,000........ ............ .....................
First lien m tge gold red 105 beg June 1918____ B a.xc*& r* 1913
t
Par
Value
Rate
%
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
$100 $ 2 ,000,000 See text J
100
100
100
1.000
500 &c
100
100
1,000
1,000
1,000
100
500 &c
100
1,000
100
100
100
100
1,000
- R E P O R T . — Lor yoar ending N o v . 30 1915, V . 102, p. 1431, 1452.
Nov. 30
Gross
Net
DepreBond
Preferred
Balance,
im -P’i'iT
cta'n.
Interest.
Dividends.
Surplus.
*805,430 $73,042 $210,000 (5K)$351,750 $170,638
1913-14
4,708,521 761,193 61,054 210,000 (7 % ) 469,000
21,139
J* C M aben: Sec. & Treas., E . L . M orris, Birmingham, A la.—
(V . 102, p. 1064, 1431, 1452, 2347: V. 103, p. 1331; V. 104, p. 77, 669.)
S M IT H M O T O R T R U C K C O R P .— O R G A N IZ A T IO N .— Incorp. in
Va. N o v . 27 1916 to succeed to tho business o f tho Smith Form -A-Truck
C o., organized in Chicago Aug. 1915. V. 103, p. 2160. Manufactures a
truck unit, selling at retail for $350, by which Ford, Dodge, M axwell and
similar cars aro converted into one-ton trucks. Plant at Clearing, 111.,
near Chicago, covers 1X acres. Capacity about 200 truck units a day.
Capitalization (N o Mtge. or Funded Debt Out) —
Authorized. Issuable.
Pref- (a & d) 8% cumulative stock, par $100______ $2,000,000 $1,400,000
Co™ 5 on.st‘?ck’ Par $10 ........
.............. 12,000,000 10,000,000
Pref. stock, 1,400,000, was offered in Dec. 1916. It is convertible into
common from Juno 30 1917 to Jan. 1 1920, 10 shares o f common for 1 o f
Pr,
c7-. SJi&Ing fund. 5 % ’ beginning Jan. 1 1920. V. 103, p. 2160. A n
initial dividend at tho rato o f 8% per annum on pref. stock from N o v . 27
to Dec. 31 was paid Jan. 15 1917. V. 103, p. 2435.
E A R N IN G S .— From M arch 31 1916 to Sept. 30 1916 at rate o f $940,000
por annum. Y . 103. p. 2160.
O F F IC E R S .— Pres., A . D . Smith; V.-Ps., E. I. Rosonfeld and T . L.
Buckingham; Sec., L . A . Stebbins: Treas., B. E. Veatch. Directors:
A . D Smith, E. I. Rosenfeld, Chas. B. Little, J. M . H oyt, Louis Honoch,
John Frazier, A . G. Hanauer.— (V . 103, p. 2160, 2435; V. 104, p. 262.)
i
— O R G A N IZ A T IO N , &o.— Incorporated in Ohio
P* ,1886. Has refining plant at Lima. O. Formerly controlled by Standard
O h C o. o f N . J . , but segregated In 1911. See Standard Oil Co., V. 85, p.
216, 790; V. 93, p. 1390. The stockholders on June 16 1913 voted to Inc « » s e the stock from $500,000 to $2,000,000, the now stock being dis
p u t e d .a s i a 300% stock dividend. V . 96, p. 1493, 1777. On Doc. 20
1912 20% div. was Dald: June 20 1913, 20%; Doc. 20, 5% and 30% extra
P°S?
19J4 to p e c . 1916, 5% seml-an. Report for cal. year 1915,
,n V '
showed: P r o f it . $353,907; dlvs. (1 0 % ), $200,000; bal.,
sur-. $153,907. Pres., J. G. Neubauor; 1st V .-P ., F. T . Outhbert; 2d
V --P -« Troas., F. G. Borges; Sec., N . D. Keys. Offico, Lim a, O.— (V . 98,
p. 767; V. 100, p. 1098; V. 102, p. 1065.)
_ SOUTH 'P E N N OIL, CO.— O R G A N IZ A T IO N , &C.— Incorporated in
P ra p y lv a n la In 1889. Produces crude oil. Early in 1913 acquired 51%
o f the $10,000,000 Penn-Mexlcan Fuel Co. stock, controlling 280,000 to
300,000 acres leases and fees along the G u lf Coast o f Moxico, extending
200 miles north and south o f Tam pico. V. 96, p. 657; V. 101, p. 532
formerly controlled by the Standard Oil Company o f Now Jersey, but
segregated in 1911. See Standard Oil Company, V. 85, p. 216, 790;
y . 93, p. 1390. Stockholders voted M a y 1 1913 to increase the stock from
$2,500,000 to $12,500,000. o f which $7,500,000 Issued as a 300% stock d ivi
dend and tho remaining $2,500,000 offered to stockholders at par. V. 96.
p. 657, 1428. Tho shareholders voted Fob. 14 1917 to increase tho
auth- capital stock from $12,500,000 to $20,000,000 in order to pay a stock
dividend o f 60% to sharoholdors o f record Fob. 14. V. 103, p. 2244.
D IV ID E N D S .—
1912
1913
1914
1915
1916
Cash, regular............................. 7 K
11
6
12
5,5,5,5
Extra, stock____________________ __
300
_______
“
cash ........................... .......
2
’4
2*
-,’3)3|5
R E P O R T .— Report for cal. year 1915, in V. 102, p. 890. showed:
N e t profits, $5,314,150; dlvs. (14 % ), $1,750,000; bal., sur., $3,564,150.
L oss for 1914 was $2,215,219: dlvs. (10). $1,250,000; bal., def., $3,465,219.
Total surplus Dec. 31 1915, $11,644,318. Pres., Joseph Seep; Sec., R. W .
Cummins; Treas., S. G. Hartman. Offico, 424 Sixth A vo., Pittsburgh. Pa.
— (V . 102, p. 716, 890, 1902; V. 103, p. 762, 1986, 2244.)
P O R T O R IC O S U G A R C O .— See Issuo Feb. 1915.and V. 100,
p. 1933; V . 101, p. 777, 1627, 1718, 2260; V. 103, p. 1597, 1792, 2244.)
.
* A T L A N T IC T E L E G R A P H .— I.eased to Western Union
for 999 years from Oct. I 1876 (which owns $390,475 of tho S94Q.050 stock)
and stock guaranteed by rental 5% , payablo A . & O. V . 104, p. 669.
S O U T H E R N B E L L T E L E P H O N E & T E L E G R A P H C O .— Seo p.|206.
S O U T H E R N C A L IF O R N IA ED ISO N C O.— O R G A N IZ A T IO N .— In
corp-in California July 1909 and took over Tho Edison Electric Co. o f Los
Angeles.
Tho plan o f Dec. 1916 for acquiring control o f tho Pacific L igh t & Powor
Corp.— which see above— through acquisition o f the holdings o f H. E.
Huntington, on terms stated in a subsequent paragraph, will bring M r.
Huntington into tho enterprise as its largest stockholder. It will also
bring under one ownership: (a) 5 steam and 13 hydro-electric generating
plants of 130,000 and 150,000 li. p. capacity, respectively, or a total capacity
or nearly 300,000 h. p., which includes the hydro-electric development at
B ig Creek; (0) undeveloped hydro-electric developments capablo o f gener
ating about 400,000 additional h. p.; (c) over 1,380 miles o f transmission
lines, 103 sub-stations, over 3,700 miles o f distributing lines sorving tho
larger portion o f southern California, embracing 150 cities and towns and
surrounding territory. The two companies now havo a total o f 165,000
consumers.
As to suggested purchase o f company distribution system in Los Angeles
by the city, see V. 101, p. 1812; V . 103, p. 946; for terms proposed In Dec.
191b,seo V. 103, p. 2161, 2348.
Controls $336,500 o f the $400,000 common stock and all o f tho $400,000
prof, stock of the Santa Barbara Gas & Elec. Co. (V . 92. p. 1570) having
outstanding $842,500 1st 30-yr. 6s, due July 1 1941. V . 102, p. 527 615.
V“ l02.
° ' 5 % ' V ' 98' P
In Doc. 1916 arranged to acquire control o f tho Pacific’’Light & Power
Corp. M erger and assumption o f bonded debt o f that company is proposed
but not completed in Fob. 1917. Tho Cal. R R . Commission has been asked
to allow tho company to pay $4,000,000 in cash and 120,299 shares o f 2d
prof. 5% stock for tho following securities o f tho Pacific Light & Power Corp.,
Including 95% o f its outstanding capital stock; 46,175 1st prof, shares
96,602 2cl prof, stock; 104,685 o f common capital stock; $5,000,000 First &
Refunding bonds, and $1,096,048 o f floating indebtedness. Tho company
would also Issuo 111,522 sharos o f Its common stock for tho Pacific C o .’s
properties and franchises, but this stock would remain in tho latter’s
treasury. V. 103, p. 2244.
In Feb. 1917 $5,000,000 new common stock had been underwritten, and
Issue approved by Cal. R R . Commission. V. 104, p. 566
1 i^ ? n 1 r ? M y lvldoru! ? pal(} ' •?% (Q.-J. 15) to Jan. 15 1914; April
'
1914 to July 1916, I K % quar.; Oct. 1916, 1 X % : 1917, Jan., I X %• On
common, 5% yearly (I M % Q -F . 15) from Aug. 1910 to N o v . 1913, lncl.;
Amount
Outstanding
[V ol . 104.
Seo text
3,977,800
3.948.000
52.000
17.289.000
10,405,500
4:000,000
390,000
53.000
2.881.000
1.995.000
13.360.000
See text
11,000,000
& D Dec 20 1916 5% Checks mailed
Q— M Dec 30 1916 11 Pittsburgh, Pa.
Q— J Jan 2 1917 5% Checks mailed
Q— J Jan 2 1917 2%
do
do
6
seml-an Jan & July 1919 U S Mtge & Trust Co,N Y
J & J Jan 1 1941
Bankers Trust Co, N Y
6 In ° lll6
Q— F Feb 15 1917 I X General office, Los Ang
See text
Q— J Jan 15 1917 I X
do
do
5
M & S Sept 1 1929
Title Ins & T rC o .L A & N Y
5
J & D Deo 1 1920
B way B k &TrCo, L A & N Y
M & S Sept 1 1922
5g
Harris, Forbes&Co, N Y
6
M & S 15 M ar 15 1920
N Y , Chic or Los Angelos
J
& J N ov 1 1939
5g
Bank TrCo.N Y ,L A & C h
See text
58%1916
8 In 1916
7
Q— J
Jan 15 '17 I X
N ew Haven
N Haven, Merch N a t
Checks mailed
Mch 1 1930
Farmers’ L & T r C o, N Y
Dec 30 1916 3% Checks mailed
1 , 000,000
J & D Dec 1 1948
5
10 , 000,000 See text Q— M M a r l '17 6%
„ 5g
7.000,000
M & S
3.500.000 See text
Q— J
15.125.000
2.423.000
Q-M
7
Dec 1 '16, I X
1.964.000
7
Q-M
Juno 1 '16. I X
3.076.000
& D June 1 1943
5g
Checks mailed
do
do
Bankers Trust C o, N Y
1917. F e b ./ liP S ? - V . ' S i . t f d l S f t . M g S C ' * N 0V ' 1 ! M ’ I f i % :
B O N D S .— O f tho Gonoral 5s ($30,000,000 auth. issuo), $5,296,000
Is reserved to retire underlying bonds and tho remainder for 75% of the
cost of extensions and additions after Jan. 1 1910, provided the net earnings
shall have been 1 X times the annual Interest charge on all outstanding
bonds, including those to be issued and those to retire bonds of existing
mortgages; Harris Trust & Sav. Bank, Chicago, and Los Angeles Tr. & Sav
V ’ 89> P- 1599- 1073i v - 9 l > P- 1-517: V. 92, p. 1705: V. 93,'
p. 1538, 1671. There are also $48,000 Edison Eioctric Co. o f Los Angelos
6s, $15,000 Southern California Power Co. 6s. V. 96. p. 207. 423- V 97
p. 55; V. 98, p.456; V. 99, p. 1533; V. 100. p. 145.
*
Tho 5-yoar 6% debentures o f 1915 ($5,000,000 auth. issue) aro redeemable
on any int. date at 101 and int., and conv. at option o f holder into com.
l ^ ° ^ P 5 H ie,basis^°r 11 ; haros
s
stock for $1,000 debentures. O f tho debs.
$2,000,000 havo boon Issued for improvements, $332,000 woro reservod to
retire tho debs, due April 1 1916 and tho remainder for futuro requirements,
v . 100, p. 1758.
E A R N IN G S .— For 12 months ending N o v . 30:
12 M os.—
Gross.
Net.
In t., &c.
Pref. Divs.
Bal., Sur.
9 9 ........ * f - 938’7 12 *2,810,956 $1,675,627 (7%)$280,000 $855,329
R E P O R T .— For cal. year 1915 ,* In v V lO ^ p ". 2164, showed?‘ Gross) $4):
933,116, against $4,855,141 in 1914; net, $2,714,497, against $2,522,977;
Int., $1,003,180: depreciation, $700,000; pref. div. (6 % ), $240,000: com.
div. (6 % ). $624,000; bal., sur., $147,317.
'
O F F IC E R S .— Pros., J. B. M iller. Los Angelos: Sec., It. II. Ballard
Troas., W . L. Percoy. Offico, Edison Building, Los Angeles, Cal.— (V .
, ^ A p ’ , l 8l2: V ’ 102- P- 527> 614, 1723. 2164, 2172; V. 103, p. 946, 1796,
l
1986, 2160, 2244, 2348: V . 104, p. 77, 566.)
'
S O U T H E R N N E W E N O L A N D T E L E P H O N E .— <V. 102. p. 527,084.)
Calendar Year— Gross.
Net.
Interest.
Dividends.
Bal. Surv
^ 1 ® — .......... -S4’556.589 $885,061 $76,004 (7%)$700,000 $109,057
1915------------ 4,019.432
908.102
60.262
(7 % ) 700,000
147 840
In 1916 shareholders subscribed for 81.000,000 now stock at par, one now
share for each ten shares held. Paym ents were made Doc. 21 1916. Am
T e l. & T e l. Co. Jan. 1 1917 owned 83,320,900 stock. Seo V. 103, p.
1215, 1512; V. 104, p. 566.
. SOUTHERN P IP E L IN E CO.— O R G A N IZ A T IO N , AC.— Incorporated
In Pennsylvania in 1890. Has pipe line extending from Pennsylvania State
line to Philadelphia, Pa., 263.15 miles. Formerly controlled by Standard
Oil Co. o f N . J.. but segregated in 1911- Dividends: 1912, 28%- 1913
32% ; 1914, 30%; M ar. 1915 to M ar. 1917, 24% p. a. (6% Q .-M .). R e
port for cal. yoar 1916 in V. 104, p. 458, showed:
T „
>
„
1916.
1915.
1914.
1913.
$1,966,756
$2,528,882
$3,743,658
Profits for year........ $2,354,371
Dividends paid-(24%)2.399,999 (24)2,399,998 (30)3.000,008 (32)3,200,018
B a l., sur. or d eficit.-dof.$45,627 def.$433.242 def.$471,126 sur.$543,640
Pres., Forrest M . Tow l; Sec. & Treas., E. It. Shepard. Offico, Oil C itv
P a .— (V . 100, p. 403; V. 102, p. 527; V. 104, p. 458.)
y’
S O U T H E R N PO W E R C O .— O R G A N IZ A T IO N .— Incorp. June 22
1905 and owns (a) 3 hydro-electric developments aggregating 88,000 h.n
on Catawba River. S 0 and Broad River, S. O .. and one at Lookout o ri
P
Catawba River, 30,000 h.-p., under construction; (b) 3 stoam plants 10 000 h.p. each, at Greenville, Greensboro and M t. H olly, in operation) and
one at Eno o f 14,000 h.p., almost completed N ov. 1914. (c) High-tension
transmission linos, comprising a 3-wiro circuit oqulv. to 1,520 miles In length
(d) Entire capital stock of two hydro-electric cos., viz.: Catawba Powor Co '
on Catawba River (8,800 h.p.); Greonvillo-Carolina Powor Co. (3,500 h d ) '
K1y.or noar Greenville, S. O. (V . 93, p. 533); also capital stock
of Charlotte Power Co. and Charlotte Electric R y ., Lt. & Power On of
Charlotte, N . O. See “ Electric R y ." Soctlon.
°’ °r
In Mch. 1913 tho Southern Powor Co. or Interests connected therewith
purchased from the Fries M fg. & Powor Co. the stroet railway and electric
light plants o f Winston-Salem, N . O. V . 96, p. 793. Supplies power to
the Piedmont & Northern R y.. 125 miles, owned by allied Interests
V. 99. p. 749, 1533. In Fob. 1915 the Southern Public Utilities Co said
to bo an allied concern, sold $2,600,000 1st & Ref. 5s, due July 1 1943
Serves a manufacturing and industrial territory extending for some 'g ix
miles over tho western section o f N orth Carolina and South Carolina
having a population of over 950.000. V. 90, p.855; V . 92. p. 1640- V a t ’
p. 1625; V . 97. n. 1219; V . 100. p. 2014.
’
95 ’
S T O C K .— Pref. stock, 7% cumulative. $6,000,000, all outstanding
common. $5,000,000; outstanding, $4,000,000.
tanning
.B O N D S . — Of the 1st 5s of 1910 the unissued $3,000,000 aro rosorved for
70% of the cost o f additions and extensions whon annual net earnings are
twice the Interest charge. Including bonds to bo Issued. The Catawba
Power Co. has outstanding $628,000 (closed mtge.) 30-year s. f. (is due Juno
1 1933 and $6,000 6s due Aug. 1 1922, but neither the proporty nor tho stock
o f that company is covered by tho Southern Power Co. mtge. nor havo tho
bonds of that co. any lien or Interest on tho So. Powor C o ’s nronnrtv
V. 90. p. 855; V. 92, p. 1640; V. 95. p. 1625; V. 99, p. 1533;V )'l0 0 p. 20U
The earnings Include the Income dorlved from tho Catawba Powor C o ’
and the Catawba rental Is charged Into operating oxponses
E A R N IN G S .— For year ending Apr. 30 1915, gross, $2,485,790; not
after taxes and rentals, $1,446,773; present interost charge. $350,000
O F F IC E R S .— Pres., J. B. Duke; Vlce-Prosts., B. N ? Duke, W Gill
W ylie and W. S. Leo; Sec. and Treas., R. B. Arrington. Offico 200
Fifth A ve.. N . Y .— (V . 99. p. 752. 1533; V . 100, p. 2014.)
200
S O U T H E R N U T IL IT IE S C O .— V . 102, p. 1442; V. 103, p. 59.
t SOUTH WEST P E N N S Y L V A N IA P IP E L IN E S CO.— O R G A N IZ A T IO N
&c — Incorporated In Pennsylvania I1 1886.
1
Own pipe linos in Penn
sylvania. Formerly controlled by Standard Oil Company o f Now Jer
sey, but segregated In 1911. See Standard OH Co., V. 85, p 216 7!)flV 93. p. 1390. Dividends paid April 1912 to July 1914. 5% quar • Oct ‘
3% ; Dec. 3 1 ,3% ; 1915. 12% (3% Q.-J. and 3% In Dec.) 1916. Apr., July
Oct. and D ec .30 ,3 % . Report for cal. year 1916.in V. 104, p. 458,showed„
„
1916.
1915.
1914.
1913. ’
Profits for ypar-------$456,358
$346,453
$406,358
$806,227
D ivid en d s-----(12%)419,999 (12)419,999 (16)560.000 (20)700,002
Balance, sur. or deficit- -sur.$36,359 d e f.$73,546def.$ 153,642sur.$106,225
Stock, $3„)00,000: par, $100. Pros., Forrest M . Tow l; Sec. & Treas.
E. R . Shepard. Offico, Oil C ity, P a .— (V . 102, p. 527; V. 104, p. 458.)
_ .S O U T H W E S T E R N PO W E R & L I G H T C O .— (.See M a p .)— O R G A N I
Z A T IO N . & C.— Incorp. In Maine July 30 1912, and owns, as clearly shown
on tho accompanying map, extensive Interests In public utility properties In
Texas and In two o f the border cities o f Mexico, thus sorving, through con
trolled operating companies, 84 prosperous communities, combined d o d u atlon in 1910 407,000: In 1914 (est.), 500,000. V.97 p.95 4. Owns-
TERRITORY SERVED BY THE
SOUTHW ESTERN POWER
& LIGHT COM PANY
Indicates properties
on which bonds
are a first lien
Memphis’*
,
Tulia
Childress
Fanvell
Indicatesproperl
controlledthroui
stockownersh
.Plainview
Ardmore.
•uanali
a\Hugo
Vernon0
^
P lec tra
Taducah
Toydada
GENERATING STATIONS
WICHITA FALLS
ELECTR ICITY SERVED
STREET RAILWAY
HCNRlE TT A
• GAINES VILLI
Seymour
Lubbock
BOWIE
GAS SERVED
Tahoka
WATER SERVED
lacksboro
ICE
TRANSMISSION LINES IN OPERATION
Ansoir
^ROSCOELORAiNE ^
^5Umer
\Mineola
tT rueu-
SWEETWATER
COLORADO.
SCALE OF MILES
'KAUFMAN
'Abilene
'Longview
TYLER
1
GRANDVIEW"2
\ maypeaw
'-^ itasca C
BIG SPRING
M E X IC O
ithens
W TROUP
JACKSON'
HILLSBORO*!
-CO RSICANA
I ABBOTT*
SterlingCity
BLANKET
JUAREZ
^ ockw
J'S.'C^=»<
Albany
Snyder3
LamoMi
WHOLESALE ELECTRIC SERVICE
TR ACTIO N COMPANIES
NEW
M
s®
it: w o r t h ,
TRANSMISSION LINES UNDER CONSTRUCTION
TRANSMISSION LINES PROJECTED
N W OO D\
Angelo
iwaite
fewett
Sierra Blanca
MOODY
Lufkin)
CDDY
mviUe,
Eldorado,
Ft.Stockton
Llano
'Ozona
pet |
BELTON-J^
HOLLAND.
)
^BARTLETT*
j
rORCETOWNA;---1
Sonora
ROUND ROCK
'Alpine
■Junction
^^THOBNOALl
A U S T IN
clgTn~
[errriUe
biddings
San Marcos
lOUSTOI
SAN ANTONIO
Spofford
Uvalde
GALVESTON
.Cuero
Vietoi
PorW
PIEDRAS NEGRAS-
Cleveland
TAYLOR
192
IN D U S TR IA L STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A M IE S .
[ F o r a b b re v ia tio n s , & c ., see notes o n f i r s t paoe.\
D a te
B onds
S p r i n g V a l l e y W a t e r - S t o c k 5 2 8 . 0 0 0 , 0 0 0 - .............................. ...........
G e n e r a l ( n o w f i r s t ) m o r t g a g e 5 2 8 , 0 0 0 . 0 0 0 g o l d ..............._ . x x
2 -y e a r n o t e s s e c b y $ 3 ,3 4 0 ,0 0 0 b o n d s g o ld r o d 1 0 0 H - . U S x x
, N o t e s s e c u r e d b y $ 5 5 0 , 0 0 0 b o n d s _____________________ ____________
S t a n d a r d G a s & E le c t r ic C o — C o in s t o c k 5 1 5 ,0 0 0 ,0 0 0 a u t h . .
P r e t s t o c k 8 % c u m 5 3 0 , 0 0 0 , 0 0 0 a u t h _____________________________
C o n v e r t ib le s in k in g fu n d g o ld b o n d s r e d e e m a b le 1 0 5 . .z o *
2 0 - y e a r 6 % g o l d n o t e s $ 1 5 , 0 0 0 , 0 0 0 r e d 1 0 3 _____________ x x c *
D i v i d e n d s c r i p ( o r i g i n a l l y $ 1 , 6 4 9 , 8 9 3 ) c a l l a b l e a t p a r _______ '
S t a n d a r d M i l l i n g — C o m m o n s t o c k $ 7 , 5 0 0 , 0 0 0 _____________________
S t o c k p r e f ( a & d ) 6 % n o n - c u m $ 6 , 4 8 8 , 0 0 0 ......................................
F ir s t m o r t g a g e g o ld s in k fd 5 6 .2 5 0 ,0 0 0 (s e e t e x t ) _ - M p .x c *
D e b e n tu r e s a ft e r A u g . 1 1 9 1 8 c o n v e r t in to c o m s t o c k c a l l . .
H e c k e r -J o n e s -J e w e ll C o 1 st M
$ 2 ,5 0 0 ,0 0 0 ; $ 1 8 4 ,0 0 0 r e
d e e m e d ; $ 8 6 8 , 0 0 0 o w n e d b y S t a n d a r d __________________ x c *
( 1 ) A l l the S tock a n d B on d s o f N i n e
E l P aso, gas
C iu d a d J u a r e z , g a s s e r v e d .
G a lv e s t o n , g a s .
E a g le P a s s , e le c t r ic it y a n d w a te r .
P le d r a s N e g r a s , e le c t r ic a n d w a t e r .
1915
1916
1911
1915
1 3 -’ 15
Par
V a lu e
Am ount
O u ls ta n d in g
$100
1,000
1.000
100,000
$ 2 8 ,0 0 0 ,0 0 0
1 7 .8 5 9 ,0 0 0
2 .5 0 0 .0 0 0
5 0 0 ,0 0 0
9 ,3 4 3 ,1 5 0
1 1 ,7 8 4 ,9 5 0
6 .8 8 0 .0 0 0
6 ,7 1 4 ,4 0 0
3 2 3 ,5 5 8
See te x t
6 .4 8 8 .0 0 0
2 .8 3 4 .0 0 0
50
50
500 &c
50 & c
""io o
100
1000
1.000
1916
100 & c
1.110.000
1892
1,000
1 .4 4 8 ,0 0 0
S u b s id ia ry C o m p a n ie s O p e ra tin g in
P a r i3 , s t r e e t r a ilw a y .
W ic h it a F a lls , e le c t r ic it y a n d w a te r
B ig S p r in g , e le c t r ic it y .
S w e e tw a te r , e le c t r ic a n d ic e .
C o lo r a d o , e le c tr ic ity .
[V o l . 104.
L a st D iv id e n d
a n d M a t u r it y
W hen
P a y a b le
B a te
%
Q— M
3 K l n ’ 16
D ec3l
J
&
D D ec 1
4 g
M
&
S S ept 1
5 g
S ept 1
5
Q— M
tex t
.1 & D
6 g
A
&
O
6 g
6
Q -M 1 5
Q— F
See
tex t
Q— F
See
te x t
M
&
N
5 g
F
&
A
6
See
6
M
&
P R E F . D I V S .—
1910.
I n c a s h , % ______________3 ) 4
I n 6 % s c r i p , % _______ ______
'1 6 V3 %
1923
1917
1917
1 5 '1 6 1 Y i %
1 1926
1 1935
1 1922
S ee te x t
F e b 2 9 ’ 17 I M %
N o v 1 1930
A u g 1 1926
D ec
D eo
O ct
Sept
P la c e s W h ere In te re s t an d
D iv id e n d s a re P a y a b le
C h o c k s m a ile d
N Y , S a n F r & F r a n -o n M
N ew Y o rk a n d S an F ran
C h e c k s m a ile d
P b ila T r , S D e p & I n s C o
G u a ra n ty T r C o , N
Y
M e tr o p o lita n T r C o , N Y
do
do
do
do
do
do
S S ep t 1 1923
1911.
7 )4
1912.
8
—
1913.
4
4
do
1914.
0
7
do
1915.
l%
1916.
1,1. 1, 1 H
none.
O f th e $ 1 ,6 4 9 ,8 9 3 d iv i d e n d s c r ip is s u e d t o S o p t . 3 0 1 9 1 5 , $ 1 ,3 2 6 ,3 2 5 s c r ip
h a d b e e n r e d e e m e d a n d c a n c e le d t o F e b . 16 1 9 1 7 , le a v in g o n ly $ 3 2 3 ,5 6 8
o u ts ta n d in g .
V . 102, p . 1902.
(2) A c o n t r o l l i n g i n t e r e s t , t h r o u g h C o m m o n S t o c k o w n e d , v i z . : (a) $9,995,
800, b e i n g a l l e x c e p t d i r e c t o r s s h a r e s , 99.96%, a n d (6) $2,577,500, 93% , i n —
B onds ( $ 7 , 3 8 8 , 0 0 0 ) So Pled ged — A ls o T o ta l T h e r e o f O u ts ta n d in g as o f F eb. ’ 1 7 .
(а) Texas Power & Light Co. (see that company below), operating In
a n d A m o u n ts o f O ld U n d e r ly in g B on d s O u t.
Waco, Tem ple, Taylor, Sherman, Hillsboro. Cloburne, T y le r, Bonham.
C o m p a n y a n d B o n d Is s u e —
P a r V a l. P led ged . T o ta l O u ts l'g . P r i o r B onds
Denison, Paris, Palestine, M cK inn ey, &c., &c. (V . 102, p. 1442).
A r k .V a l l .B y .,L t .& P .C o . ls t & R e f . 5 s . $ 3 ,6 6 5 ,0 0 0
$ 3 ,6 6 5 ,0 0 0
$ 2 ,8 3 7 ,0 0 0
(б) F t. Worth Power & Light Co. (V . 93. p. 533; V . 97. p. 119, 240: E n i d E l e c . & G a s C o . 1 s t M . 6 s _______
2 0 ,0 0 0
6 2 0 ,0 0 0
V. 98. p. 307.)
.
E v e r e t t G a s C o . 1st M 5 s (V .9 0 ,p .l2 4 2 )
4 2 6 ,0 0 0
7 6 2 ,0 0 0
S T O C K .— Authorized: Common, $20,000,000; 1st and 2d pref., each F t . S m i t h L t . Sc T r a c . C o . 1 s t M . 5 s .
1 5 0 ,0 0 0
2 ,5 8 7 ,0 0 0
$3,000,000. Outstanding: Common, $15,125,000; 1st prof., $2,423,000; M o b i l e E l e c . C o . 1 s t M 5 s ( V . 9 5 , p . 7 5 3 )
1 ,7 7 5 ,0 0 0
2 2 4 ,0 0 0
2d pref., $1,964,000. Controlled by Southwestern Utilities Corp., a sub M u s k o g e e G a s & E l e c . C o . l s t & R e f . 5 s
1 9 6 .0 0 0
t, 0 1 6 ,0 0 0
3 1 9 ,5 0 0
sidiary o f American Power & Ligh t Co.
N o r t h . I d a . St M o n t . P o w . C o . 1 s t 6 s
1 ,4 6 5 ,0 0 0
4 ,5 0 0 ,0 0 0
6 6 7 ,0 0 0
Dividends on pref. stock, 7% per annum (Q .-M .) to Dec. 1916.
O l y m p i a G a s C o 1 s t M . 5 s _____________
7 0 ,0 0 0
1 2 0 ,0 0 0
S o u t h w e s t . G e n . G a s C o . l s t & R e f . 15s
4 8 9 ,0 0 0
4 8 9 ,0 0 0
B O N D S .— Th e first lien bonds ($3,076,000 outstanding) are secured by
6 8 3 ,0 0 0
1 ,5 5 9 ,0 0 0
4 1 6 ,0 0 0
pledge o f all the stock and bonds o f the nine subsidiary companies and o f the T a c o m a G a s L i g h t C o . I t c f . M . 5 s ____
common stock control o f the Toxas Power & Light Co. and Fort Worth
T o ta ls .
............... $ 7 , 3 8 8 , 0 0 0 3 1 7 , 1 2 3 , 0 0 0
$ 4 ,2 3 9 ,5 0 0
Power & Light Co. Additional first lien bonds may be issued for 80% o f
cash cost o f permanent improvements or additions or for 80% o f cash cost
— Stocks P led ged f o r T h is Is s u e --------------------------In additional properties, but not to exceed 80% o f replacement valuo; but
Com pany—
P le d g e d — P r e f . — O u ts l'g . P led g ed — -Co-in.- -O u ts t’g .
In no case unless the annual not earnings o f properties subject to the lion of A r k . V a i l . l t y . L t . & P ......................... ..
$ 9 2 5 ,0 0 0
3 3 ,4 9 9 ,4 0 0
$ 3 ,5 0 0 ,0 0 0
the bonds are double tho annual Interest charges on all the underlying securi E n i d E l e c t r i c & G a s _______ $ 4 3 9 , 3 0 0
4 3 9 ,3 0 0
4 9 9 ,5 0 0
5 0 0 ,0 0 0
ties o f tho subsidiary companies not pledged under tho mortgage and all first E v e r e t t G a s ________________
1 2 4 ,2 0 0
3 1 0 ,0 0 0
0 2 8 ,4 0 0
1 ,0 0 0 ,0 0 0
Hen 5s outstanding or about to be Issued (V . 97, p. 954).
F t . S m ith L ig h t & T r a c _ .
7 9 8 ,7 0 0
1 ,4 1 0 ,0 0 0
9 4 9 ,9 0 0
9 5 0 ,0 0 0
M o b i l e E l e c t r i c _____________
2 7 7 ,5 0 0
8 5 2 ,5 0 0
8 6 4 ,2 0 0
9 5 0 ,0 0 0
E A R N IN G S .— These aro reported as follows in V . 102. p. 343:
M u s k o g e e G a s & E le c tr ic
5 4 1 ,5 0 0
1 ,5 4 3 ,6 0 0
7 6 5 ,0 0 0
7 6 5 ,5 0 0
C o n s o l i d a t e d E a r n i n g s o f P r o p e r t i e s , Y e a r s e n d i n g Doc. 31.
N o rth . Id a h o & M o n t. P .
2 5 ,0 0 0
2 .5 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
4 ,0 0 0 ,0 0 0
„
.
^
v .,,, ,
1915.
1914.
4 9 S .2 0 0
1 2 ,2 5 0 ,0 0 0
7 5 9 ,5 0 0
5 ,9 7 5 ,0 0 0
Gross earnings o f all subsidiaries.......... ................... $3,300,138 $3,068,922 N o r t h e r n S t a t e s P o w e r . _
________
_______ _
2 ,4 2 7 ,5 0 0
2 ,6 0 0 ,0 0 0
O k la h o m a G a s & E le c tr ic
Balance o f subsidiary companies’ oarnings, aftor de
O ttu m w a R y . & L ig h t -.
2 3 4 ,5 0 0
4 4 9 ,9 0 0
6 3 0 ,2 0 0
6 5 0 ,0 0 0
ducting all charges and all expenses, applicable to
________
1 4 4 ,0 0 0
2 ,0 0 7 ,3 0 0
2 ,9 5 5 ,0 0 0
Southwestern Power & Light C o _______________ $839,059
$810,364 S a n D i e g o C o n s . G . & E .
2 5 ,0 0 0
2 5 ,0 0 0
1 ,0 0 0 ,0 0 0
1 .0 0 1 ,0 0 0
Expenses o f S. W . Power & Lt. Co., less other inc._
60,991
62,562> S o u t h w e s t e r n G e n . G a s .
3 0 6 ,8 0 0
7 5 0 ,0 0 0
a 8 7 5 ,5 0 0
1 ,5 6 0 ,0 0 0
In t. charges on S. W . Power & Light Co. bonds____
100,210
69,402 T a c o m a G a s ________________
1 0 3 ,4 0 0
2 ,1 2 5 ,0 0 0
3 ,1 4 5 ,7 0 0
3 ,5 0 3 ,0 0 0
A ll other interest........ . . .............................. .............
57,807
53,310 W e s t . S t a t e s G . & E . ( D e l . )
Preferred dividends (7 % )....................
121,581
109,550
T o t a l ...............................
B a l a n c e - . .............................................................. ........... ....................... $ 4 9 8 , 4 7 0
N . Y . o f f i c e , 7 1 B r o a d w a y .— ( V . 1 0 2 . p . 7 2 , 1 5 8 , 3 4 3 , 1 4 4 2 .)
S P IC E R
A 1A N U F A C T U R IN G
C O .— V . 1 0 3 , p . 1 2 1 5 , 1 5 9 7 .
1913.
$ 2 1 2 Vs
1914.
$2 50
1915.
$3
1916.
8 7 )4 c .q u .
R E P O R T . — R e p o r t f o r c a l . y e a r 1 9 1 5 . in V . 1 0 2 , p . 1 5 3 7 , s h o w e d :
C a l. Y e a r —
1916.
1915.
C a l. Y e a r —
1916.
1915.
G r o s s e a r n s . . $ 3 ,6 9 3 ,5 4 8 $ 3 ,6 8 2 ,5 8 6 D e p r .,& c .,r e s _
$ 3 3 4 ,7 3 7
$ 5 5 0 ,3 2 4
N e t e a r n in g s . 2 ,1 7 1 ,4 5 5
2 ,2 6 1 ,8 0 1 D iv id e n d s -( 3 1 4 ) 9 8 0 ,0 0 0 (3 )8 4 0 ,0 0 0
B o n d , & c ., in t.
7 9 2 ,0 3 1
8 0 2 , 1 8 0 B a l a n c e ............. s u r $ 6 4 , 0 8 7 s u r $ 6 9 , 2 9 8
O F F I C E R S .— P r e s ., W . B . B o u r n ; S e c ., J o h n E . B e h a n ; T r e a s .,
B angs.
O f f i c o , 3 7 5 S u t t e r S t ., S a n F r a n c is c o .— ( V . 1 0 3 , p . 2 4 3 5 .)
ST A N D A R D
C A R
E Q U IP M E N T
ST A N D A R D
C H A IN
C O .— (V .
C O .— (V .
102, p .
B .
1 1 6 7 .)
1 0 2 , p . 9 7 3 , 1 7 9 6 .)
S T A N D A R D C O R D A G E C O .— I n liq u id ’u , V . 9 2 . p . 1 4 4 0 : V . 9 7 , p . l 5 1 4 #
S T A N D A R D G A S & E L E C T R I C C O . — T n c o r p . in D e la w a r e A p r il 2 8
1 9 1 0 a s a h o ld in g c o m p a n y .
O w n s b o n d s , s t o c k a n d o t h o r s e c u r it ie s o f 16
p u b lic s e r v ic e c o r p o r a t io n s (e le c t r ic , g a s a n d s tr e e t r a ilw a y ) c o n t r o lle d a n d
o p e r a t e d b y H . M . B y l l e s b y & C o . o f C h i c a g o in v a r i o u s p a r t s o f t h e c o u n
t r y , s e r v in g 2 9 2 c o m m u n it i e s w it h t o t a l p o p u l a t io n o f o v e r 1 ,9 1 8 ,0 0 0 .
(S e o
lis t , V . 9 3 , p . 1 3 2 7 , 1 4 6 9 ; V . 9 1 , p . 1 7 0 8 ; V . 9 2 , p . 193, 6 0 1 ; V . 9 6 , p . 1 7 7 7 ),
i n c l u d i n g M i s s . V a l l e y G a s Sc E l e c . C o . , w h i c h , i n c o n j u n c t i o n w i t h S t a n d
a r d G a s & E le c . C o ., c o n t r o ls th o L o u ls v illo G a s & E le c . C o ., V . 9 6 , p . 5 5 6 ,
1 0 2 5 ,1 5 5 9 , 1 6 3 2 , 1777.
T h e c o m p a n y g u a r a n te e s p r in . a n d in t . o n $ 5 ,
0 0 0 ,0 0 0 M is s . V a llo y G a s & E le c . C o . 5 % b o n d s d u e M a y 1 1 9 2 2 . V . 9 4 ,
p . 1 4 5 2 . A ls o c o n t r o ls W e s te r n S ta te s G a s & E le c . C o . V . 1 0 2 , p . 1 5 4 4 .
S eo s e p a ra te s ta te m e n t fo r e a ch .
N O T E S . — P l a n o f S e p t . 1 ’ 1 5 p r o v i d e d f o r a n is s u e o f 2 0 - y e a r 6 % g o l d
n o t e s d a t e d O c t . I 1 9 1 5 . a t n o t im o t o e x c e e d in t h o a g g r e g a t e $ 1 5 ,0 0 0 0 0 0 .
N o t e o ffe r in g , seo V . 1 0 1 , p . 197 8 ; V . 1 0 3 , p . 6 7 0 .
U n d e r th e tr u s t a g r e e m e n t n o a d d itio n a l 2 0 -y e a r 6 % g o ld n o te s m a y b e
I s s u e d u n le s s t h o a n n u a l n e t e a r n in g s ( a f t e r d e d u c t i n g o p e r a t in g e x p e n s e s ,
t a x e s a n d a n n u a l I n t e r e s t 'c h a r g e s o n t h e t h e n o u t s t a n d i n g i n d e b t e d n e s s ,
e x c e p t th e s e n o te s a n d th e p r e f. s t o c k d iv id e n d s c r ip ), a r e 2 ^ tim e s th o
s u m o f th e a n n u a l In te r e st c h a r g e s o n th o 2 0 -y e a r 6 % g o ld n o t e s , in c lu d in g
t h o s e t o b e th e n Issu ed a n d th e th e n o u ts ta n d in g p r e f. s t o c k d iv id e n d s c r io
(in F e b . 1 9 1 7 . $ 3 2 3 ,5 6 8 ).
S e o a l s o V . 1 0 1 , p . 8 4 3 , 8 5 1 , 1 9 7 8 . U 0 U U M -r l I ) ’
B O N D S .— T h e g o l d 6 s o f 1911 ( $ 3 0 ,0 0 0 ,0 0 0 a u t h . Issu e ) a r e c o n v e r t i b le
in t o p r e f . s t o c k o n t h e b a s is o f $ 1 1 0 o f b o n d s f o r S 1 0 0 s t o c k a t a n y t im e
a n d ir c a lle d w ith in t h e p e r io d o r 3 0 d a y s ’ r e q u ir e d n o t ic e o f r e d e m p t i o n .
U n iss u e d b o n d s a r e r e s e r v e d fo r n o t e x c e e d in g 7 5 % o f th e c o s t o f s e c u r itie s
p le d g e d w it h t h e t r u s t e e , w h e n fo r | t h e 12 m o n t h s n e x t p r e c e d i n g t h e n e t
e a r n in g s a p p l ic a b l e t o th e p a y m e n t o f I n te r e s t o r d iv id e n d s t h e r e o n , t o
g e t h e r w ith th e n e t e a r n in g s a p p lic a b le t o in t e r e s t o r d iv id e n d s o n th e
le o u r l t le s s o t o b e p u r c h a s e d , s h a ll h a v e b e e n 2 1 5 t im e s t h e t o t a l I n t e r e s t
c h a r g e s , in c lu d in g t h o b o n d s th e n t o b o is s u e d .
See V. 9 3 , p . 1327.
O f th o
$ 1 0 ,3 0 0 ,0 0 0 6 % b o n d s d u o 1 9 2 6 , p r e v io u s ly is s u e d , $ 3 ,3 9 4 ,0 0 0 b o n d s iia v o
b e e n c a n c e le d b y s in k in g fu n d , tr e a s u r y c a s h o r s a le o f s e c u r it ie s p le d g e d ,
“ S S .fib T . T m
h T 350.rX 7 v .
:
t
a
l
l
$ 2 3 ,7 2 4 ,3 0 0 $ 1 9 ,6 5 2 ,1 0 0 $ 2 9 ,8 9 9 ,5 0 0
* T h o M is s is s ip p i V a ll e y G a s & E I c c . C o . o w n s $ 4 ,5 0 0 ,0 0 0 p r o f, s t o c k
a n d $ 2 ,5 0 0 ,0 0 0 c o m . s t o c k ,
a O w n s a ll th o s t o c k o f th e O ly m p ia (W a s h .)
G a s C o . e x c e p t q u a lify in g sh a re s o f d ir e c to r s .
S P R IN G
VALLEY
W ATER
C O .. S A N
F R A N C I S C O .— O R G A N I Z A
T I O N .— S u cce s s o r S e p t. 2 4 1 9 0 3 , p e r
p la n V . 7 6 , p . 2 1 6 , 9 7 7 , t o S p r in g
V a lle y W a t e r W o r k s . V . 7 8 , p .8 2 7 .
S u it, V . 8 2 , p . 5 7 4 ; V . 8 4 , p . 5 7 7 .
In
A u g . 1 9 0 6 a n a s s e s s m e n t o f 3 3 a s h a r e w a s le v ie d o n th e s t o c k .
V . 83. d .
327, 498, 704.
V . 100, p . 480, 985, 1516.
( H e t c h - li o t c h y m u n ic ip a l
s c h e m e , V . 1 0 1 , p . 1 9 7 8 .)
O f t h e g e n e r a l g o ld 4 s ( ? 2 8 ,0 0 0 ,( ) 0 0 a u t h o r iz e d Issu e ; U n io n T r u s t C o . o f
S a n F r a n ., t r u s t e e ) t h e u n is s u e d b o n d s a r e a p p l ic a b l e t o r a c q u is it io n s a n d
I m p r o v e m e n t s e q u a l In c o s t t o a t le a s t 8 5 % o f v a l u e o f b o n d s .
V
7<<
p . 992; V . 8 1 , p . 1726; V . 8 2 , p . 164; V . 8 7 , p . 1482.
'
T h e s t o c k h o ld e r s o n S e p t . 1 6 1 9 1 5 a u t h o r iz e d a n Iss u o o f $ 2 ,5 0 0 ,0 0 0
2 - y o a r 5 % g o l d n o t e s d a t e d S o p t . 1.
V . 101, p . 292, 532, 619.
In D ec.
1 9 1 6 w a s p r o p o s in g t o is s u e $ 5 0 0 ,0 0 0 a d d i t io n a l 5 % n o t e s , d a t e d D e c . 31
1 9 1 6 , d u e S o p t . 1 1 9 1 7 , b u t c a l l a b l e a t 1 0 0 y2 .
V . 103, p . 2435.
D I V I D E N D S .—
1 1 9 0 9 -1 2 .
S in c e 1 9 0 7 (p e r s h . ) . / 2 y e a r ly
$ 3 ,3 7 4 ,1 0 0
$ 5 1 5 ,5 4 0
bomls ouM,“ a ,° s!
R E P O R T . — R e p o r t f o r c a l . y e a r 1 9 1 5 w a s in
V.
102, p . 1245, 1256.
— Y e a rs e n d in g N o v . 3 0 —
Y e a r e n d in g
June 3 0 ’ 14.
1 9 1 5 -1 6 .
T o t a l i n c o m e ---------------------------------------------------N o t s t a t e d
N e t e a r n i n g s --------------------------------------------------- 1 8 1 , 9 9 0 , 3 1 4
O t h e r i n c o m e _________________________________/
1 9 1 4 -1 5 .
N o t sta ted
$ 1 ,4 8 3 ,2 1 9
G r o s s i n c o m e .....................................................$ 1 , 9 9 0 , 3 1 4
I n t e r e s t c h a r g e s ------------------------------------------7 9 7 ,0 5 7
$ 1 ,4 8 3 ,2 1 9
$ 1 ,4 7 2 ,6 5 3
8 2 8 ,7 4 3
8 0 8 ,1 0 5
N et
i n c o m o ____________________________
.......................................... $ 1 , 1 9 3 , 2 5 8
C o m b in e d E a r n in g s
M a y 3 1 Y e a rs —
$ 6 5 4 ,4 7 6
$ 1 ,5 1 7 ,1 5 2
/ S I ,• 4 7 2 ,9 2 7
\
lo s s 2 7 4
$ 6 6 4 ,5 4 8
( A l l S u b s id ia ry C os. w ith I n t e r - C o . A c c o u n ts E lim in a t e d ).
1 9 1 5 -1 6 .
G r o s s e a r n i n g s ......................................................... $ 1 6 , 1 7 6 , 7 9 7
N o t e a r n i n g s . . .............. ...................................
7 ,9 5 -4 ,0 8 2
B a la n c e , a fte r p r e f. & c o m . d iv s . o f
s u b . c o . ’s i n t . c h g e s . , t a x e s & m a i n t .
1 ,3 1 0 ,9 0 8
1 9 1 4 -1 5 .
1 9 1 3 -1 4 .
$ 1 4 ,9 2 3 ,3 2 6 $ 1 4 ,0 8 5 ,5 3 4
7 ,1 5 0 ,5 7 4
6 ,4 3 8 ,7 5 2
9 8 5 ,1 7 3
6 6 1 ,6 5 4
O F F I C E R S .— P r o s ., I I . M . B y lle s b y ; V .- P s ., O . E . O s t h o ff, J . J .
O ’ B r i e n , A r t h u r S . H u o y , 1 '. C . G o r d o n ; S e c . , M . A . M o r r i s o n ; T r e a s . ,
R . J . G r a f.
C h ic a g o o f f i c e , 2 0 8 S o . L a S a llo S t .; N o w Y o r k o f f i c e , T r i n i t y
B u il d i n g .— ( V . 1 0 2 , p . 1 5 4 4 ,1 9 0 2 ; V . 1 0 3 , p . 4 1 2 , 6 7 0 , 2 0 8 3 ; V . 1 0 4 , p . 3 6 8 .)
“ STA N D A R D
M IL L IN G
C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d
In
N . J . J u n e 3 0 1 9 1 6 , p e r p l a n in V . 1 0 3 , p . 6 5 , a s a c o n s o l i d a t i o n o f a n o w
(te m p o r a r y ) c o m p a n y ; th e C o lo n ia l M illin g C o . o f N . J ., a n d th o o r ig in a l
S t a n d a r d M i l l i n g C o . o f N . J . , w h ic h w a s o r g a n i z e d In 1 9 0 0 ( V . 7 0 , p . 2 8 4 .
V . 7 1 , p . 1 8 5 ), a n d o w n e d d ir e c t ly o r t h r o u g h s u b s id ia r y c o m p a n ie s m ills
In M i n n e a p o l i s , D u l u t h , W e s t S u p e r i o r , M i l w a u k e e , B u f f a l o , K a n s a s C i t y ,
S y r a c u s e a n d N e w Y o r k ; t o t a l d a lly c a p a c it y . 4 0 ,0 0 0 b b ls . o f flo n r .
V . 75,
p . 1252; V . 68. p . 873, 929; V . 69 , p. 29, 1010: V . 71, p. 817; V . 84 . p 697.
T h o a f o r o s a ld c o n s o lid a t io n o f 1 9 1 6 in v o lv e d n o c h a n g e in a m o u n t o f o u t
s t a n d in g c a p it a l s t o c k , b u t (1 ) r e p la c e d th e c u m b e r s o m e o ld p r o f, s t o c k w it h
a s t r a ig h t o % n o n -c u m . p r o f, s t o c k , th u s m a k in g p o s s ib le r e g u la r fix e d
d iv i d e n d s o n b o t h c la s s e s o f s t o c k ; (2 ) p r o v id e d $ 1 ,1 1 0 ,0 0 0 n o w c a s h , w it h
w h ic h w a s p a id o f f o n J u ly 1 1 9 1 6 th e $ 8 5 0 ,3 3 0 b o n d s t h e n m a t u r in g
(H e c k e r -J o n e s -J e w e ll d e b e n t u r e 6 s , $ 4 3 1 ,4 9 5 , a n d N o r t h w e s t C o n s o l. M il l
in g 1 st 6 s , $ 4 1 8 ,8 3 5 ): r e m a in d e r f o r a d d it io n a l g r a in s t o r a g e a t D u lu t h a n d
K a n s a s C it y , a n d fo r w o r k in g c a p ita l.
D I V S . ’0 3 -’0 4 . ’0 5 -’0 6 . ’0 7 . ’0 8 . ’0 9 . ’ 1 0 . ’ l l . ’ 12 . ’ 1 3 . ’ 1 4 . ’ 1 5 . ’ 1 6 . ’ 17 O n p r e f. %
1 y ’ly
2 y ’l y 2 K
3
4
3
4
5
5
5
5
6
6
... ...................................................................................
2
2
3
3
5 tex t
On com .
I n O c t . 1 9 1 6 a d i v i d e n d o f 8 % ( 4 % in c a s h a n d 4 % in s t o c k ) w a s d o c la r e d
o n t h o $ 4 ,6 0 0 ,0 0 0 c o m m o n s t o c k , p a y a b l e 1 % in s t o c k a n d 1 % in c a s h o n
N o v . 2 9 1 9 1 6 , F o b . 2 8 , M a y a n d A u g . 3 1 1 9 1 7 , th u s In c r e a sin g t h o c o m m o n
s t o c k g r a d u a ll y t o $ 4 ,7 8 6 ,8 6 0 a s o f S o p t . 1 1 9 1 7 .
~ eo " . 103, p . 1597.
S
V
N o t e s p a y a b lo (A u g . 3 1 1 9 1 0 ), $ 2 ,4 9 5 ,0 0 0 .
B O N D S .— O f th o 1 st 5 s , $ 1 ,4 4 8 ,0 0 0
$ 1 ,4 4 8 ,0 0 0 H e c k e r -J o n e s -J e w e ll 1 s t 6 s .
is r c s o r v e d t o r e t i r e a t p a r
V . 94, p. 1631; V . 99, p . 54.
th o
T h o $ 1 ,1 1 0 ,0 0 0 6 % 1 0 -y o a r c o n v e r t i b le d e b e n t u r e b o n d s , I s s u e d in 1 9 1 6
u n d e r a fo r e s a id p la n ( V . 1 0 3 , p . 6 5 ) , a r e c o n v e r t ib le In to c o m m o n s t o c k a t
p a r a ft e r t w o y e a r s a n d r e d e e m a b le a t a n y t im o a fte r t w o y e a r s a t 1 0 5 %
a n d in t . u p o n 6 0 d a y s ’ n o t ic e , s u b je c t t o th o c o n v e r s io n p r iv ilo g o w h ic h
m a y b o e x e r c is e d d u r in g th o 6 0 -d a y p e r io d .
R E P O R T . — F o r y e a r e n d in g A u g . 3 1 1 9 1 6 , in V . 1 0 3 , p . 1 5 9 1 , s h o w in g :
J u n e SO Y r .
1 9 1 5 -1 6 .
1 9 1 4 -1 5 .
1 9 1 5 -ltt.
1 9 1 4 -1 5 .
N e t p r o f i t s . . . $ 1 , 4 3 7 , 8 4 5 $ 1 , 1 6 8 , 0 6 9 R e t i r ’ t p f . s t k ........................... ( 1 ) $ 6 5 , 8 1 5
P r e f. d i v s . . ( 6 % ) 3 8 9 , 0 7 0 (5 )3 2 9 ,1 2 8 S p e c ia l s u r p . . 0 . 2 1 9 , 5 6 5
____________
C o m . d i v s . . ( 5 % ) 2 2 9 ,S 2 0 (3 )1 3 7 ,8 5 6
B a l., s u r p ..$ l,0 3 8 ,5 2 0
$ 6 3 5 ,2 6 9
O F F I C E R S . — P r e s . , A . P . W a l k e r : V . - P . , J a m a s P . L e o ; S o c . St T r e a s . ,
J . A . K n o x ; A s s t . S o c . St T r e a s . , J . A . N o v t i l o .
O ffic o , 4 9 W a ll S t ., N . Y . —
( V . 1 0 1 , p . 1270: V . 1 0 3 , p . 6 5 , 1891, 1 5 9 7 . 1 9 8 7 . )
tfKB., 1917]
193
IN D U STR IA L STOCKS AND BONDS
M IS C E L L A N E O U S C O M P A N IE S
[F o r a b b r e v ia tio n s , & c ., see n a te s o n f ir s t p a c e ]
D a te
Bonds
Standard Oil Co of California— Stook authS100.000.000_____
Standard Oil Co of Indiana— Stock $30,000.000___ _ ______
Stan dard O il Co o f Kansas— Stock $2.000,000(a u t h )____
Stan dard Oil Co (K e n tu c k y )— Stock $6,000,000 auth____
Standard Oil Co of Nebraska— Stock, $1,000,000 ___________
Standard Oil Co of New Jersey— Stook 5100,000.000_______
Standard Oil Co of New York— Stock $75,000,000__________
Standard Oil Co of Ohio— Stock $7,000,000_________________
S tew a rt-W a rn er Speed om eter Corp— Com stk $10,000,000
Strom berg C a rb u retor C orp— Stock full pd & non-assass..
t l liej Studebuhcr Corporation — Common stock 530,000.000Pref stock (a & d) 7% cum $15,000,000 red 125(allorpart)
Par
V a lu e
Am ount
O u ts ta n d in g
$100
100
100
100
100
100
100
100
100
Nono
100
100
Sec text
10 In ’ 16
!— M
$30,000,000 12 In '16
i— m
2,000,000 See text See text
See text- See text Q— J
1,000,000 20 in '16 J & D
98,338,300 20 in '16 Q— M
75.000. 000 8 in '16 Q— M
See text
Quar
21 ^ - ’ 16
10.000. 000 In 1916 Q— F
6
50,000 stirs
30.000.000 10 m '16 Q— M
10,965,000 7 In 1916 Q— M
S T A N D A R D O I L C O . (C A L I F O R N IA ) .— O R G A N I Z A T I O N .— O r g a n
i z e d in C a l i f o r n i a S e p t . 1 0 1 8 7 9 a s t h e P a c i f i c C o a s t O i l C o .
P rosen t n am e
a d o p t e d J u ly 2 3 1 9 0 6 .
O w n s c r u d e o il p r o p e r t i e s , p ip e lin e s f o r t h e tr a n s
p o r t a t io n o f o il , r e fin e r ie s a t R ic h m o n d . E l S o g u n d o a n d B a k e r s fie ld , C a l i f .,
ta n k s te a m e r s a n d b a r g e s fo r th e t r a n s p o r t a t io n o f its p r o d u c t s .
A ls o
o w n s s a l e s s t a t i o n s In p r i n c i p a l c i t i e s a n d t o w n s o n t h e P a c i f i c C o a s t .
C A P I T A L S T O C K . — I n c r e a s e d o n J u ly 31 1 9 1 2 f r o m $ 2 5 ,0 0 0 ,0 0 0 t o
$ 5 0 ,0 0 0 ,0 0 0 ; o n J u l y 1 4 1 9 1 4 in c r e a s e d f r o m $ 5 0 ,0 0 0 ,0 0 0 t o $ 1 0 0 ,0 0 0 ,0 0 0 .
D I V I D E N D S .—
(D e c . 15 191 2 t o M a r . 15 1 9 1 7 , in c lu s iv e .
1 0 % p e r a n n u m ( 2 M % Q .- M . 1 5 ).
C a s h . _ ------------- ---------------------- % 1
A s t o c k d iv id e n d o f 5 0 % o n t h e o u t s t a n d in g c a p it a l s t o c k w a s p a id
A p r . 15 1 9 1 6 , In c r e a s in g t h o o u t s t a n d in g s t o c k t o $ 7 4 ,5 2 9 ,9 8 3 .
In J a n .
1 9 1 7 t h o d ir e c t o r s a u t h o r iz e d , s u b je c t t o th e a p p r o v a l o f th e C a lifo r n ia l i l t .
C o m m is s io n , a s t o c k d iv id e n d o f 3 3 1 - 3 % , t o u o is s u e d o n A p r il 16 1 9 1 7 ,
t o h o ld e r s o f r e c o r d F o b . 1 > 1 9 1 7 , I n c r e a s in g t h o o u t s t a n d in g s t o c k t o
$ 9 9 .3 7 3 ,3 1 0 . V . 1 0 4 , p . 2 6 2 .
W hen
P a y a b le
L a s t D iv id e n d
a nd M a tu rity
See text
Feb 28 M7 6%
Feb 20 1917 5%
Jan 2 1917 5%
Dec 20'16 10%
Dec 15 '16 H'i
M a r 15 '17 2?
Jan 1 '17, 4%
Feb 1517 1
P la c e s W h e r e In t e r e s t a n d
D iv id e n d s a rc P a y a b le
Checksmailed
Checks mailed
Checks mailed
Omaha
26 Broadway, New York
Checks mailed
Checks mailed
Checks mailed
M a r 1 1917 2 A Lawyers T i & T r C o ,N Y
M a r 1 17 154 % Checks mailed
p. 1390. The large refineries at Bayonne, Baltimore and Parkersburg
W . V a., were retained. Chinese tentative agreement, V . 101. d . 1719
Prices in 1915, V . 101. p. 1719.
D IV S .—
f '99. '00. '01. '02. '03. '04. '05-’ 10. ’ l l . '12 to Dec. ’ 16
Since 1898 ( % ) . ) 33 48 48 45 44 36 40 y 'ly 37 2 0 % y r ly ,Q - M
Also a distribution o f 40% ($39,335,320) on Feb. 15 1913 from funds re
ceived In liquidation o f loans to former subsidiaries. V . 96, p. 423.
E A R N IN G S (V . 104, p. 170).— For last statement (for 1906) soe V . 85.
p. 709.
D IR E C T O R S .— Pres., A . C . Bedford; V .-Pres’ts, F. H . Bedford. F . W .
W eller, F. D . Aschc, O. T . Waring and Walter Jennings; Trcas., S. B. Hunt,
and H . M . T ilford. Secretary is Charles T . W hite. Office, 26 Broadway.
N . Y . — (V . 103, p. 2161, 2348; V . 104, p. 170.)
. STANDARD OIL CO. OF NEW YORK.— O R G A N IZ A T IO N . &o.—
Incorp. In New York in 1882. Has several refining plants at New Y ork and
Builalo and also markets oil. Also conducts a number of collateral busi
nesses, including the manufacture of barrels, cans, boxes and wicks. For
merly controlled by N . J. company, but segregated In 1911. See Standard
Oil Co. o f N . J., V. 85, p. 216, 790; V. 93, p. 1390. Stockholders voted on
June 5 1913 to Increase the authorized stock from $15,000,000 to $75,000.
000, a 400% stock dividend being paid June 30. V. 96, p. 1428, 1633.
N o t p r o f i t s . - ....................$ 1 7 , 6 0 5 , 3 0 4
$ 9 ,5 2 9 ,9 4 6 $ 1 0 ,0 5 8 ,3 3 8 $ 1 0 ,9 1 1 ,4 8 1
6 ,8 3 1 ,9 1 5
4 ,9 6 8 ,6 6 6
4 , 8 5 6 , 0 9 8 4 , 4 9 3As to Standard Transportation C o., see V. 101, p. 218.
,3 9 9
D i v i d e n d s ( 1 0 % ) _________
D IV ID E N D S .—
(D ec. 1911 1912 1913 1914 1915 '16 1917.
B a l a n c o , s u r p l u s .............. $ 1 0 , 7 7 3 , 4 8 9
$ 4 ,5 6 1 ,2 8 0
$ 5 ,2 0 2 ,2 4 0
$ 0 ,4 1 8 ,0 8 3
20
6
6
8
8
8 2 qu.
Per cent........ .................\
O F F I C E R S .— P r e s ., D . O . S c o fie ld ; V .- P s ., W . S . R h e e m . K . R . K in g s
Total surplus Dec. 31 1915, $26,463,254; 1914, $16,701,591. V. 102.
p. 1723.
b u r y , W . S . M ille r , F . I I. H illm a n ;T r o a s ., R . J . H a n n a ; S e c ., I f . M , S t o r e y .
D ir e c to r s : D . G . S c o fie ld , W . S . R h e e m , K . R . K in g s b u r y . W . S . M ille r ,
R E P O R T for cal. year 1915 In V . 102, p. 1723 showed: Total earnings
F . 11. H i l l m a n , R . J . H a n n a , H . M . S t o r o y . N . Y . o f f i c o , 1 2 0 B r o a d w a y .
after deprecn and reserves, $15,761,663; cash div. (8 % ). $6,000,000
H e a d o f f l c o , S t a n d a r d O il B l d g ., S a n F r a n c is c o .— ( V . 1 0 4 , p . 6 6 9 .)
, ,
total surplus Dec. 31 1915, $26,463,254. Pres., H . C. Folger; V.-Ps.*
II. L . Pratt and W . R . King; See., R . C. Veit; Trcas., II. H. Stein. O ffice.
• S T A N D A R D O I L CO. O F I N D I A N A — O R O A N I Z A T I O N ^ A ^ l n c o r 26 B ’way, N . Y . — (V . 100. p. 1516; V . 101, p. 218; V. 102,p 1723.)
p o r a t e d In 1 8 8 9 In I n d i a n a .
H a s r e fin e r ie s a t W h i t in g I n d . , S u g a r C r e e k
M o . , W o o d R i v e r , 111., a n d C a s p e r , W y o .
A ls o m a r k e ts o i l . its d ls t r ib u t
„ STANDARD OIL CO. (OF O H IO ).— O R G A N IZ A T IO N . & C.—
Incorp. In Ohio in 1870. Has refinery at Cleveland, O ., also markets oil.
l n g t e r r i t o r y c o m p r i s i n g e x t e n s i v e a r e a s In M i d d l e W e s t a n d N o r t h w e s t .
Production In 1904, 347,962 bbls. Formerly controlled by N . J. company,
F o r m e r ly c o n t r o ll e d b y S t a n d . O il C o . o f N . J . , b u t s e g r e g a t e d in 1 9 1 1 . S e e
but segregated in 1911. V. 85, p. 216, 799; V. 93, p. 1390. Shareholders
S ta n d . OH C o . o f N . J . V . 8 5 . p . 2 1 6 . 790; V . 9 3 , p . 1 3 9 0 ^ . 9 5 . p . 1750; V .
on M a y 25 1916 authorized an increase o f stock from $3,500,000 to $7,000,
9 7 . p . 1 2 9 0 . D e c is io n
V . 9 4 . p . 9 8 7 . S t o c k $ 3 0 ,0 0 0 ,0 0 0 . a 2 .9 0 0 % s t o c k
000 to provide for 100% stock dividend, payable July 5 1916. V. 102.
d iv id e n d b e in g p a id M a y 15 1 9 1 2 ; p a r , $ 1 0 0 . V . 9 4 , p . 4 2 0 . S h a r e h o ld e r s
p. 1544, 1991.
w ill v o t e M a r . 1 1 9 1 7 o n In c r e a sin g t h e a u t h . s t o c k fr o m $ 3 0 ,0 0 0 ,0 0 0 t o
Bal. sheet Doc. 31 1915 showed surplus o f S6,749,954. V. 102, p. 1544.
$ 1 0 0 , 0 0 0 , 0 0 0 , w i t h a v i e w , i t is s u p p o s e d , t o a 2 3 0 % s t o c k d i v i d e n d ; a l s o
Divs., Dec. 16 1912, 5% for 6 mos. ending Oct. 30 1912; 1913, 20% ( 3%
s o u g h t r ig h t t o e n te r t h o o il p r o d u c t i o n a n d t r a n s p o r t a t io n b u s in e s s .
and 2% extra quar.; 1914, 9% and 9% extra; 1915, 12 and 12 extra
V . 104, p . 368.
(3% and 3% extra quar. Q.-J.); 1916, Jan.. Apr. & July, 3% and 3% extra.
D IV S . (% )—
f
1912.
1913.
1914.
1915 1916
1917.
Oct., 3 J f% ; 1917, Jan., 3% and 1% extra. Office, East Ohio Gas Bldg.,
R e g u l a r ...................( A u g . , 3 % ; N o v . , 3 %
12
12
12%
12
3% qu.
Cleveland, O.— (V . 103, p. 1894.)
E x t r a _____________ I _____________ N o v . , 7 %
20
13
__ _ F e b 3 %
B a la n c o s h e e t D e c . 31 1 9 1 5 , V . 1 0 2 , p .
8 9 0 .P r e s .,W . P . C o w a n ; 1 st
STANDARD SHIPBUILDING CORP.— (V . 102. p. 256. 980, 1597.)
V .- P ., L a u re n J . D r a k e ; 2 d V .-P ., W m . M . B u r to n ; S e c. & T r o a s .
G eo' W .
STEEL CO. OF C AN AD A.— V . 102, p. 1255, 1352,1716; V . 103, p.1987.
S ta h l.
O f f i c o , 7 2 W e s t A d a m s S t . , C h i c a g o , I I I .— ( V . 1 0 2 , p . 8 9 0 ; V . 1 0 4
p . 3 6 8 .)
'
• ,
'
'
STE W A R T-W A R N E R SPEEDOMETER CORP.— O R G A N IZ A T IO N .
— Incorp. In Virginia Dec. 20 1912. Factories, Chicago, 111., and South
S T A N D A R D O I L C O . O F K A N S A S .— O R G A N I Z A T I O N ,
In cor
Beloit, 111. Full data, V. 104, p. 450. V. 96, p. 207,140, 66; V'. 101, p. 45;
p o r a t e d in K a n s a s in 1 8 9 2 .
O w n s r e fin in g p la n t a t N c o d e s h a , K a n ., w it h
V . 103, p. 499.
9 2 s tills a n d a c r u d e d is t illin g c a p a c it y o f a b o u t 3 ,0 0 0 ,0 0 0 b b ls . y e a r ly
V . 1 0 3 , p . 1 5 1 2 . F o r m e r ly c o n t r o ll e d b y S t a n d a r d O il C o . o f N . J . , b u t s e g l
P R E F . S T O C K , &c.— The remaining $724,400 pref. stock was paid o ff
r o g a t e d i n 1 9 1 1 . A 1 0 0 % s t k . d i v . p a i d i n J u n o 3 0 1 9 1 3 . V . 9 6 , p . 1 0 9 .3 , 1 4 2 8
Aug. 1 1916 at 110. V. 102, p. 2347. On Dec. 31 1916 $700,000 notes
were outstanding.
D I V I D E N D S .—
1912.
1913.
1914. 1915. 1916.
1917. ’
R e g u l a r , % --------------------------3
12
0
12
12
3,
.
.
D IV ID E N D S .— On pref. to Aug. 1916, 7% p. a. (then redeemed); on
E x t r a , % - . - ........................... 9
20 an d 100 s tk .
7
4
common, 1 A % quar. M a y 1913 to Feb. 1917.
. . . B a l . s h e e t D o c . 3 1 £ 9 1 5 , y. H 3 2 , p . 1 2 5 4 , s h o w e d u n d i v i d e d p r o f i t s ,
R E P O R T .— Profits available for dividends (V . 104, p. 450 556)$ 1 ,4 6 8 ,3 < 0 .
E a r n in g s fo r 1 9 1 5 , $ 5 6 3 ,9 4 6 ; d iv 3. p a id ( 1 2 % ) . $ 2 4 0 0 0 0 - b a l
Calendar Years—
1913.
1914.
1915.
1916
s u r p lu s , $ 3 2 3 ,9 4 6 ; t o t a l s u r p lu s D o c . 31 1 9 1 5 , $ 1 4 6 8 3 7 0
P res
I
c ’
N e t p ro fits ..
-------$1,145,132
$982,362 $2,030,620 $2,215,04
M c D o n a l d ; V . - P . , T h o m a s B l a c k ; S e c . & T r o a s . , is A
W arren
O ffic e '
A fter deducting in 1916 pref. divs., $38,556, and common divs., $600,000
N o o d e s h a , K a n .— (V . 1 0 3 , p . 5 8 3 , 1 5 1 2 , 1 9 8 7 ; V . 1 0 4 , p - 3 6 8 0
tho surplus was $1.576,487. Th e total surplus Dec. 311916 was $4,195,441’.
O F F IC E R S .— Chairman. L .
LaChance; Pres.. C. B. Smith; V.-Pres.
STANDARD O IL C O . (K EN TU C K Y). — O R G A N I Z A T I O N
& o ___
& Sec.. W . J. Zucker; V.-Pres. & Troas., T . T . Sullivan.— (V . 102, p. 2260.
I n c o r p o r a t e d In K e n t u c k y In 1 8 8 6 .
A m a r k e tin g c o m p a n y
F o r m e r ly
2347; V . 103. p. 326. 417, 499, 2161; V. 104, p. 368, 450, 656.)
c o n t r o l l e d b y S t a n d a r d O i l C o . o f N . J . . b u t s e g r e g a t e d In 1911
See
S t a n d a r d O i l C o . o f N . J., V . 85, p . 217, 790; V .9 3 ,p . 1390.
S to c k h o ld e r s
s t r o m b e r g c a r b u r e t o r c o . o f A m e r i c a , i n c .— o r g a n i v o t e d D e c . 18 1913 t o I n c r e a s e t h e a u t h . s t o c k f r o m $1,000.000 t o $3,000,
Z A T IO N .— Incorporated in N . Y . on July 21 1916 to acquire the capital
0 00, a 200% c a s h d l y . b e i n g p a i d l o b . 14 1914, a p p l i c a b l e , If d e s i r e d , t o
stock ($50,000) and properties o f tho Stromberg M otor Devices Co. an
p u rch ase o f new sto ck a t p a r.
V. 97, p . 1589, 1827, 1903; V . 98, p . 7 6 .
Illinois corporation (V . 103, p. 417) Including Its factory In Chicago and
branches in N . Y ., Boston. Detroit. Indianapolis and Minneapolis.
T h o s h a r e h o ld e r s o n F e b . 1 a u t h o r iz e d t lio in c r e a s e in c a p it a l s t o c k f r o m
P r o f i t s , V i c .— In 1910 produced 44,719 carburetors and In 1915 128.018
$ 3 ,0 0 0 ,0 0 0 t o 8 0 ,0 0 0 ,0 0 0 , a c a s h d iv i d e n d o f 1 0 0 % , t o b e p a id M a y 1 a n d
and for the first five months o f 1916 83.794. In 1915 net profits were
s to c k h o ld e r s t o b e a llo w e d to s u b s c r ib e fo r t h o n o w s t o c k p r o r a t a a t p a r .
$147,703 and for 5 months ending M a y 31 1916 $107,707.
V . 103, p . 2348; V . 104, p . 4 5 8 , 669.
S T O C K .— Authorized and issued, 50,000 shares o f no par value fully
D I V I D E N D S .—
1913. 1914. 1915.
1916.
1917.
paid and non-assessable.
R o g u l a r , % ...................- ........................................ 1 0
17
16
16
4 ,4 ,- ,D IR E C T O R S .— Charles W . Stlger. Chicago, 111., Pres.; Allan A. Ryan,
2
o
4
1 ,1 ,- ,- '
Extra, % ----------------------------------- - N - ^ ••~v v,Pras-: George II. Saylor o f Chase N at. Bank of N . Y . C ity;
R E P O R T . — F o r c a l . y e a r 1 9 1 6 , in V . 1 0 4 , p . 5 6 6 . s h o w e d :
Harry O . Stutz. Pres, o f Stutz M otor Car Co., Indianapolis; Frederick E.
191o.
1915.
1014.
1013
Gunnison o f the Lawyers T itle & Trust C o., N . Y .; William L . O’ N eill
N o t p r o fits
.............- - S 2 '( ) 6 8 , 5 9 8
$ 1 ,1 2 4 ,6 4 0
$ 7 0 4 ,3 7 6
$ 1 ,0 0 2 ,4 5 7
and Charles A . Brown, Chicago.— (V . 103, p. 583, 417. 1416.)
C a s h d i v i d e n d s -----------( 2 0 l V ^ o ’ ? o (1 6 2 $ ? 9 ' 2 9 8
4 7 0 .0 0 0
1 0 0 ,0 0 0
B a la n c o s u r p l u s .
$ 1 ,4 6 8 ,5 9 8
$ 6 4 4 ,6 4 0
$ 2 3 4 ,3 7 6
$ 9 0 2 ,4 5 7
(The) STUDEBAKER CORPORATION— O R G A N IZ A T IO N .— Incor
R r e S '- C - T - C o liin g s ; V . - P . , G . I I . S t a n s b u r y ; S e e . & T r o a s ., J o s . O .
porated In New Jersey Feb. 14 1911 and took over the Studebaker Bros,
S t o ld lo ; A s s t . S e c ., S . W . C o o n s .
O f f i c o , L o u i s v l t l o . K v ___f V 1 0 3 n 2 3 4 k
(carriage, & c.) M fg . C o., South Bond. Ind.. and “ E. M . F. (automobile)
V . 1 0 4 , p . 4 5 8 , 5 6 6 , 0 6 9 .)
y '
^
Co. o f D etroit and allied cos. V.92,p.534, 602; V.98,p.834; V .103,p .1046.)
S T O C K .— A special
amounted to
STANDARD O IL CO. O F - N E B R A S K A . - O R G A N I Z A T I O N . - I n c o r p . $2,548,654, retires 3% surplus account, which on Dec. 31 1915 125, in addi
o f pref. stock yearly at not exceeding
In N e b r a s k a I n 1 9 0 6 .
A in a ik e t ln g c o m p a n y .
U o r m e r lv c o n t r o lle d b v
tion to which there is a "Special Reserve for Futuro Contingencies" o f $1.S t a n d a r d O il C o . o f N
J
b u t s e g r e g a t e d In 1 9 1 1 .
S e e S t a n d a r d O il C o *
N o mtge. or pref. stock increase oxcept by consent o f at least
o f N . J ., V . 8 5 , p . 2 1 6 . 7 9 0 V . 9 3 , p . 1 3 9 0 .
S t o c k a u t h o r iz e d SI 0 0 0 0 0 0 75% o f each class. See V . 101, p. 1482; V . 102, p. 527, 894.
o n A p r i l 1 5 1 9 1 2 a 3 3 1 - 3 % s t o c k d i v . w a s p a i d , a n d o n J u n o 2 0 1 9 1 3 . 215%
r a is in g a m o u n t o u t s t a n d in g t o $ 1 ,0 0 0 ,0 0 0 ; p a r , $ 1 0 0 . D i v . , 1 0 % . p a id J u n e 2 0
. ,P i VI1 EN, 9 ? ^ 1 iv ',on common: In 1915, June (N o . 1). IM % \ Sept.,
P
P
and D ec. 20
a,1,d G o c - . 2 0 1 9 1 3 . 1 0 % a n d 5 % e x t r a .
June
¥ ? rch and June 1916, i'A & 1% extra; Sept, and Dec.
M E A R N I N G S .— F o r c a le n d a r y e a r s ( V . 1 0 4 , p . 6 6 9 ):
1916.
1915.
1914.
1913. '
E a r n i n g s f o r y e a r ................. $ 2 1 , 2 6 3 , 5 2 0
1 2 ,9 7 4 ,6 5 5
1 2 ,7 7 1 ,3 9 8 \ $ 1 0 .9 1 1 ,4 8 l
D e p r e c i a t i o n -----------------------3 ,6 5 8 ,2 1 6
3 ,4 4 4 ,7 0 9
2 ,7 1 3 ,0 0 0 /
n.
1 9 1 4 t o D e c . 1 9 1 6 , 1 0 % s e m i-a n n u a lly .
P r e s ., C .
B r a n d ie s B ld g ., O m a h a .— ( V . 9 8 , p . 1 5 4 1 .)
STAND ARD
OF
[,. A lle m a n .
O ffic o ,
’
O IL C O .
N. J . O R G A N . — T h i s c o m p a n y w a s I n c o r
p o r a t e d u n d e r t h e Jaw s o f N e w J e r s e y in J u n o 1 8 9 9 a n d t o o K o v e r fr o m
l i q u i d a t i n g t r u s t e e s t h e p r o p e r t i e s o f t h e f o r m e r S t a n d a r d O il T r u s t o r g a n
i z e d in 1 8 8 2 ( V . 6 8 , p . 1 2 2 7 ; V . 6 9 , p . 2 8 ; V . 8 5 , p . 1 2 9 3 ) .
In 1909 had
a b o u t 1 1 3 s u b s id ia r y c o m p a n ie s , d o m e s t i c a n d fo r e ig n , th e ir t o t a l s h a re
c a p it a l a g g r e g a t in g $ 2 2 9 ,9 6 3 ,1 9 5 .
See V . 88, p. 372; V , 85. p . 216, 790
V . 83, p. 1293; V . 89. p. 1355.
A ls o se e V . 8 5 . p . 8 0 S ; V . 8 7 , p . 1 3 0 3 . 170,
100: V . 86, p . 1046, 981, 289; V . 84, p . 808: V . 8 3 , p . 1294; V . 91, p . 1388
T h o U . S . S u p r e m e C o u r t h a v in g o n M a y 1 5 1 9 1 1 o r d e r e d th e d is s o lu t io n
o f t h e c o m p a n y fo r v i o la t io n o f th e a n t i-t r u s t la w s ( V . 9 2 . p . 1 3 4 3 , 1 3 7 8 ),
th o c o m p a n y on D e o . 1 1911
d i s t r i b u t e d I t s h o l d i n g s In 3 3 s u b s i d i a r y
o il
g a s , p ip e lin o a n d a ll ie d c o m p a n i e s in t h e a m o u n t s g i v e n In V . 9 3 -
« „ 1 .^ i ^ N G S r ~ Tho net profits for half year ended Juno 30 1916 were
5
$6,028,000, against $9,248,375 for cal. year 1915 and $5,345,396 for 1914.
R E P O R T .— For cal. year 1915 at length in V. 102, p. 881, 894 showing
... .
,
1915.
1914.
1913.
1912.
N e t sales........................ S56.539.006 S43.444.223 $41,464,950 $35,440,327
N e t earnings---------------- $9,248,375 $5,345,396 $2,483,134 S3.125.876
D e d u c t — Irit. ch gs.(net).
$49,187
$414,941
$484,948
$444,527
Pref. divs. (7 % )........
830.445
869.050
901,075
930.825
Common divs........ (5 % ) 1,396,580
Extr. exp. charged o ff
47,529
488,489
225.712
368,104
Prem.on pr.stk.retired. .
84,234
Balance, surplus........ $6,840,400
$3,572,916
$871,398
$1,382,420
194
IN D U S T R IA L STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
(For abbreviations, & c.. see notes on first page]
S t u t z M otor Car C o— Stock 75,000 shares___________________
Su bm arin e B oat C orp — Stock 800.000 shs no par valuo----Swan & Finch Co— Stock 81,000,000------------------------------Swift & Co— Stock_____________ _________________ ______ . . .
1st M sold s f red 102 H ______________________ FC.xc*&r*
Syracuse Light & Power— Coll trust M g red s l 105 ..E q -xx
Syracuse Gas Co 1st M g guar by Syracuse Lighting C o..xx
Syracuse Lighting Co first mortgage gold ____..
Eq.xxo*
T e m p le Coal Co— P re f stock (a & d) 8% cum s f red 105----First & coll trust M $2,500,000 g s f red 101______ PeP.xc*
Tennessee Coal. Iron & RR Co— Stock com 550.000.000 auth
Preferred stock 8% cu m ulative.. ________________________
General Gold Bond M g $15,000,000______ ________ U n.xc*
Alabama Steel <c Shipbuilding preferred 6% cum guar . .
5
First mtge gold guar s f red 110 since Jan 1907- Ba.x
Cahaba flrst mtge 51,100,000 g gu s f red at 110____Ce.zc*
Potter Ore 1st M 5700,000 g guar jo (text) s f H share— x
Texas Co— Stock (see te x t)__________________________________
1st M notes gold due 5300.000 y ’ly red par_____________ c*
Bonds g callable at 105-.s f _________________________ Eqxc*
Central Petroleum C o pref dlvs guar (bonds, see te x t)_____
Date
Bonds
1914
1907
1961
1914
1901
1898
1892
1906
1910
1911
Par
Value
Amount
Outstanding
Nono
None
5100
100
500 &c
100 Ac
1,000
1,000
100
1.000
100
100
1,000
75.000 shrs
764.680shrs
$1,000,000
100,000.000
31.311.00.)
0,939.740
2.500.000
2.600.000
950.000
1.645.000
32,529.9*18
10&.200
Soo text
150,300
730.000
892.000
255 500
See text
1.200.000
16,386.000
6.000,000
"l'.O O O
1,000
1,000
100
1,000
1,000
100
O F F IC E R S .— Chairman, Frederick S. Fish; Pres., A . R . Erskine; Treas.
•C. O. Ilancb; Sec.. A . G . Rum pf.— (V . 103, p. 499.849. 946 1046, 1796.)
S T U T Z M O T O R C A R CO. OF A M E R IC A , IN C .— O R G A N IZ A T IO N .
— Incorporated In N . Y . on Juno 22 1910 (V . 102, p. 2347) and took over
the entire caoltal stock o f the Stutz M otor Car Co. of Ind., manufacturing
motor cars at Its plant in Indianapolis (free from mortgage). In 1916 tho
total output was 1,535 cars. In 1915 1,079 cars, 1916, 1,537, w ith net
profits o f $649,042. V. 104, p. 661.
S T O C K .— Authorized capital stock, 75,000 shares, no par value, all
Issued and listed on N . Y . Stock Exchange. V. 103, p. 1046, 1893.
D IV ID E N D S .— An initial dividend o f S I 25 was paid Oct. 2.
$1 25, Jan. 2 1917.
N o . 2,
R E P O R T .— For6J4 months ended Jan. 2 1917,in V . 104, p. 661, showed-'
Recoived In dividends ($200,000), &c., $200,435; exp. & taxes, $8,623; two
quar. divs. paid, $187,500; bal., sur., $4,312.
O F F IC E R S .— H arry C . Stutz, Indianapolis, Ind., Pres. & Gen. M g r .’
Allan A . Ryan, N . Y ., V.-Pres.; George H . Saylor, o f Chase N a t. Bank,
N . Y ., Treas.; Kenneth R . Howard, o f Allan A . Ryan & C o., N . Y . —
(V . 103, p. 849, 1046, 1893; V . 104, p. 661.)
S U B M A R IN E B O A T C O R P O R A T IO N , N . Y .— O R G A N IZ A T IO N .—
Incorporated at Albany, N . Y ., Aug. 4 1915 with 800,000 shares o f capital
stock with no par value, and on Dec. 30 1916 had issued 764,810 thereof
(on a ten for one basis) for 76,481 o f the 76,721 shares o f the com. and pref.
stock o f tho Electric Boat Co. V. 101, p. 215. 373. 451, 530. 851. A
dividend o f $1 50 was paid Jan., A pril, July and Oct. 1916 and Jan. 1917.
, (V . 103, p. 584, 1046). V. 103, p. 1796. Outlook in Jan. 1917, see
V . 104, p. 262.
Earnings o f Electric Boat Co. and Sub. Cos., Cal. Years (V. 104, p. 667).
1916.
1915.
I
1916.
1915.
N e t earnings.$7,012,084 $5,622,855 Dividends ...$4,603,260 $1,764,183
D ep recia tion .
532,635
457,149] Surplus.......... 1,876,189 3,401,522
D IR E C T O R S .— Uenry R . Carso (Pres.), Isaac L . Rico Jr., L . Y . Spear,
H enry R. Sutphen, Gregory C . Davison (Vice-Presidents), Thomas C.
Dawson (Treas.), H . C. Sheridan, A . L. Sheuer, George 4V. H oyt, Stacy C.
Richm ond, W illiam H . Rem ick and Andrew Fletcher.— (V . 103, p. 1416,
1796; V. 104, p. 669.)
S U B M A R IN E S IG N A L C O.— V. 102. p. 1991.
S U L Z B E R G E R & SO N S C O.— See Wilson & C o., page 203.
S U P E R IO R S T E E L C O R P .— O R G A N IZ A T IO N .— Incorp. in Dela.
Dec. 22 1916 to acquire all outstanding stock o f Superior Steel Co. o f Carnegio, Pa. Manufactures hot and cold-rolled strip steel, which is used in
making pressed steel parts, replacing castings and machine parts for auto
mobiles, furniture, buildings, &c. N o debt. Plant covers 18 acres.
Capitalization o f New Holding Corporation—
Authorized. Outstand’ .
g
C o n v .8 % cum. 1st pref. (a. & d .) stock (par $100)-_$3,500,000 $3,500,000
Conv. 8% cum. 2d pref. stock (par $100)___________ 2,000,000 2,000,000
Com m on stock (par $100), $5,600,000 to be reserved
for conversion o f the 1st & 2d pref. stocks_________11,500,000 6,000,000
V . 103, p. 2348.
„
Stock offered in Dec. 1916 by W hito, W eld & C o., Frazier & C o., Cassatt
& Co. and M errill, Lynch & Co. An initial dividend o f $1 11 a share on
1st and 2d pref. stock at rate o f 8% from Dec. 26 was payablo Feb. 15.
V . 104, p. 458.
N et Earns. Available fo r Divs. A fter Deducting Decprec’n— Yrs. end. M ay 31.
1913.
1914.
1915.
1916.
4 Yr. Avge.
6 M os.-N ov3 0.
$507,567 $370,026 $251,128 $1,181,578
$577,575
$1,253,318
Chairman, James H . Hammond; Pres., E. W. Harrison; V .-P ., H . F.
Devons; Sec. & Treas., J. E. Hedges; Asst. Sec. & Treas., Howard I I . Henry
— (V . 103, p. 2348. 2435; V. 104, p. 262, 458.)
SW A N & FINC H CO.— O R G A N IZ A T IO N , &o.— Incorporated in New
York In 1891. Deals In lubricating oil. Formerly controlled by Standard
Oil Co. of N. J . but segregated in 1911. See Standard Oil Co. of N. J.
V . 85, p. 216, 790; V. 93, p. 1390. Stock was Increased in M a y 1916 from
$500,000 to $1,000,000 by sale at par to Shareholders. V. 102, p. 1723.
Dividond paid March 31 1913, 6% . Balance sheet Dec. 31 1915, V. 102.
p. 1442. Pres., Ilonry Flotchor; V.-P. & Treas., John T . Leo; Sec., G. E.
Brown. Office, 165 Broadway, N . Y .— (V . 102, p. 1723.)
S W IF T & CO.— O R G A N IZ A T IO N .— Incorporated in Illinois April 1
1885. V. 96, p. 1547. Has packing plants at Union Stock Yards, Chicago;
at South Omaha, Kansas C ity , East St. Louis, South St. Joseph, South
St. Paul, Fort Worth, Milwaukee, St. Louis, N ew Y ork, Denver and
Boston. V. 95, p. 547. 1547; V. 96, p. 1133; V. 101. p. 698. Suit, V . 102,
p. 1723.
S T O C K .— The shareholders voted N o v . 8 1916 to increase tho capital
stock from $75,000,000 to $100,000,000, the new stock being offered at par
to shareholders to whom in N o v . 25 a cash dividend o f 33 1-3% was pay
able, this cash being applicable to paym ent for tho now stock. See below
and V. 103, p. 1796.
Dividends— 1889 to 1894 Incl., 8% : 1895 to July 1898 Incl., 6% ; Oct.
1898 to July 1915,7%. Oct. 1915 to and incl. Jan. 1917. 8% p. a (2% Q.-J.)
On N o v. 25 1916 there was paid to shareholders o f record Oct. 16 a cash
dividend o f 33 1-3% In order to distribute $25,000,000 of accumulated
earnings, the profit & loss surplus on Sept. 25 1915 being $45,850,000.
See stock above, V . 10B, p. 1416.
B O N D S .— The 1st 5s, dated July 1 1914 ($50,000,000 auth. Issue),
are secured by all property, plants and branch houses and further by
the pledge o f stocks of subsidiary companies representing an investment by
thecom panyof over $15,000,000; $10,000,000 bonds wore reserved for cor
porate purposes and $15,000,000 for 75% o f the cost o f additional real
property, upon which the mortgage shall be a first lion. V. 98, p. 160. 242.
392, 528; V. 99, p. 1678, 1515; V . 100, p. 560, 647; V. 100, p. 292. In
1915-10 amount o f bonds outstanding was increased from $15,000,000 to
$29,450,000; $500,600 (additional) canceled in July 1915, and $609,000 in
July 1916. In Aug. 1916 the amount outstanding was increased) by
$2,400,000 to $32,420,000. V. 101, p. 1719.
R E P O R T .— Report for year ending SoDt. 30 1916, with balance sheet,
was In V. 104, p. 70. In 1915-16 sales were “ over $575,000,000” against
“ over $500,000,000” in 1911-15; net, $20,465,000; divs. (8 % ), $6,000,000;
bal., sur., $14,465,000. Pres., Louis F. Swift; V .-P ., Edward F. Swift;
Treas., L. A . Carton: Sec., F . S. Hayward.
Offico, Chicago.— (V . 102,
p. 717, 1442, 1723: V. 103, p. 849, 1796; V. 104, p. 70, 458.)
S Y R A C U S E L I G H T & P O W E R C O .— See issue Feb. 1915.
Rate
%
When
Payable
Last Dividend
and M aturity
.J a n 2 ’ 17, SI 25
. Jan 15'17. $150
Soo text
See text See text Mch 31 ’ 13 5%
-J Jan 1 1917 2%
8 in 1916
J Q & J July 1 1944
5g
5 K J & J July 1 1954
J & J Jan 1 1946
J & D June 1 1951
5 g
Q— J Jan 10 1917 2%
8 In 1916
& J July 1 1924
„
5g
See text
— F M a y l 1914 1%
— F Feb 1 1917 2%
8
& J July 1 1951
5g
r &
Jan 1 1917 3%
6
r &
Jan 1 1930
6g
Dec 1 1922
r &
6 g
r &
Dec l 1931
„ 5g
.
See text Q-M 31 Dec 3116 2H %
J & J Jan 11918-21
0g
J
& J Jan 1 1931
6 ?
A & O O ct 1916 2 )4 %
5
[V o l . 104.
Places Where Interest and
Dividends are Payable
N ew York
165 Broadway
New York and Chicago
Am Ex N Bk, N Y & FC
Equitable Trust Co, N Y
Guaranty Trust Co, N Y
New York A Philadelphia
Checks mailod
Penna Co forlns.& cPhlla
Office, Birmingham, Ala
do
do
71 Broadway, New York
do
do
do
do
do
do
Hanover N at Bank, N Y
Cheeks mailed
Lawyers T it A Tr N Y
Equitable T r Co, N Y
T E M P L E C O A L C O .— O R G A N IZ A T IO N .— Incorp. in Pa. about
July 1 1914 and took over the anthracite coal business o f Tom ple Iron C o.,
whose coal assets were sold under decree o f Federal Court, consisting o f
stocks o f underlying companies operating near Wilkes-Barre, Scranton
and Carbondale, Pa., viz.: Northwest, Edgerton, Sterrick Creek, Babylon,
M t. Lookout, Forty-Fort Coal companies and 4-5ths o f stock o f Lacka
wanna Coal C o., L td . V . 99. p. 203.
S T O C K .— Common stock, $1,000,000, all outstanding. Prof, stock la
redeemable as a whole or for a sinking fund by lot and entitled on liquida
tion or distribution o f capital to 106 and dividends. V . 99, p. 54, 124, 203.
Original pref. issue, $2,000,000: in June 1916 $800,500 pref. had boon
acquired by pref. stock sinking fund. D iv. on pref., 2% quar. Oct. 1914
to Jan. 10 1917.
B O N D S .— Th e 1st and collat. trust 5s are secured by first mortgage lien
upon tho property o f the companies merged into and by tho stocks ownedby
the Tem ple Coal Co. They are redeemable at 101 and int. as a whole or
by a sinking fund o f 20 cts. per ton o f coal mined. V. 99. p. 203. In
June 1916 $526,000 had been retired.— (V . 102, p 1065; V . 103, p. 1123.)
TENNESSEE CO AL, IRON & R A IL R O A D C O M P A N Y .— O R G A N IZ A
T IO N .— Owns steel rail mill, blast furnaces, coal mines. Iron mines, foun
dries, Ac., In Tennessee and Alabama. V . 70, p. 558; V. 84, p. 1179. In
July 1906 re-purchased Birmingham Southern R R ., 26 miles. V . 83, p. 42;
V. 84, p. 1179. In 1906 Tenn. Coal & Iron and Republic Iron A Steel cos.
Jointly purchased about 1.800 acres of Iron ore lands near Birmingham,
Jointly guaranteeing $700,000 Potter Ore 5% bonds. V . 83, p. 1416, 973.
On N ov. 30 1899 the Alabama Steel A Shipbuilding Co. plant was opened
at Ensley C ity. Th e plant has 8 open-hearth furnaces o f 100 tons each and
an annual capacity o f 584,800 tons of blooms, billots and slabs, and 379,400
tons o f rails, and is leased to tho Tenn. Coal, Iron & R R . Co., which guaran
tees its 6% bonds, o f which $730,000 are outstanding and $190,000 in tho
Tenn. C. & I. treasury and its pref. 6% stock, o f which $168,500 is outstand
ing and $271,500 is in Tenn. 0 . & I. treasury. V . 70, p. 591. Tho common
stock, all owned by Tenn. Coal, Iron & R R . Co., carries control. V. 66,
p. 1002, 1235; V. 67, p . 127, 801; V. 70, p. 1196; V. 72, p. 584.
In N o v . 1907 the United States Steel Corn, acquired substantially all of
tho common stock, owning at Jan. 1 1916 all but $70,893 thereof. V . 85,
p. 1212, 1282; V. 86, p. 730. In Dec. 1915 U. S. Steel Corp. had expended
$21.641.000 for improvements. V . 92, p. 735; V . 94, p. 8-14; V . 96, p. 871:
V . 98, p. 923; V . 100, p. 991.
B O N D S .— O f tho $15,000,000 Gen. gold 5s o f 1901. $6,952,000 wero out
standing Jan. 1 1917, when tho remaining $5,104,000 underlying 6s matured
and wero paid, leaving the Generals as straight 1st M tge. on all tho prop
erties covered by that mortgage, excepting only those included in the lien
o f tho $892,000 Cahaba Coal M ining Co. 1st M . 6s o f 1892 and the $730,000
Alabama Steel & Shipbuilding Co. 1st M . 6s o f 1898, for both o f which is
sues General M tge. bonds aro reserved. V . 103, p. 2244. V. 72, p. 876,
940, 989: V . 73, p. 86, 554, 1217; V. 77, p. 93, 2162; V. 80, p. 169.
O F F IC E R S .— Pres., George G . Crawford; V .-P . and Gen. M g r., Frank
n . Crockard; Sec. and Treas., L. T . Beecher, Birmingham, Ala.; Asst.
Sec Thomas M urray. 71 B ’way, N . Y .— (V . 98, p. 1396.)
TE N N E SSE E C O P P E R & C H E M IC A L C O R P .— (V . 103,p. 1512, 1796.
1894, 1987, 2083, 2244; V. 104, p. 77, 458.)
(TH E)
TE X A S C O M P AN Y .— O R G A N IZ A T IO N .— Incorporated
In
Texas April 7 1902 and Is engaged in tho transportation, refining and dis
tribution of petroleum and Its products. Owns about 1,776 miles of pipe
line reaching Texas, Oklahoma and Louisiana oil fields, 5 refineries at
Tulsa, Okla., Port Arthur, Dallas and Port Neches. Tex. (near Beaumont),
and Lockport, 111., tank steamers, barges, &c. V . 88,p. 831; V .8 6 ,p .6 O 0 ;
V. 93, p. 1480. See V. 98. p.767. App’n to list, V. 91. p. 960: V. 93. p. 875.
In 1913 $3,000,000 stock and $2,000,000 convertible bonds wero Issued
to acquire securities o f IToducers’ Oil Co. V. 97, p. 527; V. 94, p. 491.
under reorganization plan of Central Fuol OH Co. dated June 23 1913
and declared effective Aug. 1913 (V . 96, p. 1842), tho Texas Co. guarantees
dividends at 5% (under certain contingencies at a less rate, but not less
than 3% per annum) on $6,000,000 preferred stock of tho successor co.
(Central Petroleum C o., incorporated In Maine) till April 30 1923, hav
ing at that date the option of paying o ff the pref. and thus acquiring per
manent ownership o f $600,000 or tho $900,000 common stock, and In the
meantime having complete control o f the property, bonded to secure only
$240,000 now 1st M . collateral 0s. due $120,000 yearly Oct. I to 1918. Incl.
V. 97, p. 524; V. 99, p. 819; also V. 101, p. 1482. Favorablo docision in
Oklahoma anti-trust suit, V. 100, p. 403. V . 99, p. 274.
S T O C K .— Tho shareholders voted N o v . 14 1316 a 25% increase in capital
stock, making the total outstanding $55,500,000. Subscription rights to
tho $11,100,000 now stock wero offered at rate o f ono now sharo to each
four held, at par, $100, to stockholders o f record N o v. 30, payments to bo
made 50% Jan. 5 and 50% April 5 1917. V. 103, p. 1216.
Cash D iv. Record Since 1903-04, Fiscal Years { % ) — Also 50% Stock June TO
’04-06. ’06-07. ’07-08. ’08-09. ’09-10. T O - t l. T l-1 2 . T2-13. T 3 -T 4 Since.
12 yly .
15
12 12A5ex.
12
10
5
6
8H 2 H q u .
D E B E N T U R E S .— Stockholders M ar. 4 1911 auth. $20,000,000 6% con
vertible (no longor conv.) gold dobent. redeemable sinco Jan. 1 1915 on any
int. day at 105 as a wholo or in blocks o f at least $100,000. Sink, fund be
gan Oct. 1 1915. $1,200,000 aro rosorvod to rotire tho sorial 6% notes o f
1910 (V . 91. p. 610). V. 92. p. 398. 467, 597: V. 93. p. 875: V. 98. p. 843.
On June 30 1916 tho Producers Oil Co., most o f whoso $3,000,000 stock Is
owned by the Texas Co., paid a dividend o f 200%. V. 103, p. 150.
R E P O R T .— For fiscal year end. Juno 30 1916, in V. 103, p. 754. showed:
1915-16.
1914-15.
1913-14.
1912-13.
Gross earnings...............$37,708,382 $26,391,745 $25,924,405 $25,882,864
N e t earnings.................. $15,746,733 $8,024,692 $7,752,459 $11,794,219
Sink, fund & depr. acc’t 1,647.315 $1,338,900 $1,395,321 $4,843,797
Prov. for bad,&c.,acc’ ts.
200.557
292,465
171.163
287.299
D ivid en d s.......... . ......... 3,350,000
3,000.000
2,550.000
1,620,000
Per cent o f dividends.
10%
10%
8)$ %
6%
Balance to surplus...$10,548,862 $3,393,327 $3,635,975, $5,043,123
Pros., E. O. Lufkin; Chairman Ex. Comm., Arnold Sehlaet; V .-P s.,
R . C. Holmes, G. L . Noble, \V. A . Thompson Jr. and J. R . M igllotta: Sec.,
C. P. Dodge. N . Y . offico, 17 Battery P la c e — (V . 103, p. 150, 754, 1216,
1894.)
T E X A S & P A C IF IC C O A L .— Owns 70.000 acres or coal lands in Texas.
Businoss consists o f mining coal and manufacturing brick, &c. Also loasos
somo 125,000 acres for oil and gas dovolopmont dlscovory. In 1915 dis
covered oil and gas and aro now selling about 900 bbls. oil per day, said to
bo equal if not better than any o f tho Texas oils. Construction o f pipo lino
to F t. Worth and Dallas under consideration. V . 100, p. 480.
F e b . 1917.]
195
IN D U S T R IA L STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
[F o r abbreviations, &c., see notes on first page]
Texas Power & Light Co— Pref 7% cum red 115
2d pref cum. 6% to 1916, then 7% red c o n v e rtib le '........
First M S30.000.U00 auth gold red 105 begin 1917
" Ifx c
T o b a cco P rod u cts C orp— Com stock $1 6,000 ,0 00"! ‘
P ref (a & d) 7% cum red 120 after 3 years S8.000.000.1.! !
Transuo 6c W illiam s Steel F o rg in g C o rp — Stk 110.000 shs
(J S In d u strial A lcoh o l— Common stock
P ref stock 7 % cum guar red text
U S L ig h t & H eat C orp— 1st M a f $1,000,000 gold call 105
Under wood I ype writer Co— Common stock $9,000,000 auth
_
.
Preferred 7% cum fa & d) red 125.......... _.......
U n ion Bag & P aper C orp ora tio n — Stock
First mortgage *5,000.noil void red 105 slnklng'fund !E q!xo
Allen Bros Co 1st M $80,000; 2d M $100,000 assumed.—
St Maurice Paper Co 1st M $5,000,000 (not guar) call 105—
Cheboygan Paper Co 1st M gu duo $100,000 y ly call par Emc*
Union El L
P, St Louis— 1st M g (other bds text)M St.xxc*
R ef & E x t M$50,000.000g red 110 begMay’ 18-Ba&MSt.xc
Date
Bonds
1912
1915
1905
1916
1916
1902
1908
Par
Value
Amount
Outstanding
Rate
%
When
Payable
7 In 1916 Q— F
$100
500.000 See text Q— F
1,000
7.830.000
5g
J & D
100 16.000,000
100
7.350.000
None 100,000 shs
100 12,000,000
inn
6,000,1)00
1,000
1,000,000
6g
J & D
too
8 500 00f) 4 In 1916
inn
4.000. 0007 In 1916
100 10.000,000
1,000
3.778.000
J <5c J
180.000
1.000
1.500.000
6
J & J
500 &c
1.000.
000 g
5
1.000
6.202.000
M’ * ” s
5e
1.000
7,071,000
M & N
5g
S T O C K .— Outstanding June 1 1916, $2,500,000; par $100. In Jan. 1917
increased to $3,000,000; stockholders offered right to subscribe for $500 000
at par.
D IV ID E N D S —
09.
Ocf. ’09.
1910-14
1Q15
lh
2% stock
2
6 (1J4Q.-J)
6
81nee 1908-..........
Pres., Edgar L . Marston, 24 Broad St., N . Y .— (V . 100, p. 480.)
Mar.'0 . June'
9
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Feb 1 1917 1X Checks mailed
M a y 1 ’ 16,194 %
do
do
June 1 1937
Bankers Trust Co, N Y
Jan 11 ’ 17
$1
Jan 15 ’ 17 1 >4
June 11935
Jan 1 1917 1M
Jan 1 ’ 17 1 H %
Feb 15 ’ 17, 2 %
July 1 1930
T o 1924
Jan 1 1946
N o v 1 ’ 17 to ’26
Sept 1 1932
May 1 1933
Checks mailed
Checks mailed
Guaranty Trust Co
Checks mailed
do
233 Broadway
N Y and Montreal
N Y .E m p ire Trust Co.
New York or Ht Louis
30 Broad St, New York
, o ® ? N D .S ; T ° n y Jub. co. bonds are S I-.200.000 Republic Distilling Co
;
10-year sinking fund gold 7s, extended 5 years to M a r. 1 1920.
*
n w S F <l5 T ^ r j? ,eP ort !!or .pal. y 0ar 1915. In V. 102. p. 882. showed: N e t
profits, $2,172,014; pref. divs. (7 % ), $420,00:0 bal., sur., $1,752 014
11 %
after all fixed charges for six months ended July 1 1916
’u6?5 asalnst $478,699 for same six months o f 1915. On July 1 1916
T E X A S P O W E R & L I G H T C O .— O R G A N ., &c.— Incorp. M a y 27 1912
in Texas and took over lighting properties in Texas. Does ontire com
mercial electric light and power business in the 69 cities and towns
sorved and gas business In W aco, Cleburne, Denison, Brownwood and Paris
Sells power. Controlled by Southw. Power & L t. Co., which In turn is con
trolled by Southwest. Utilities Corp., the last-named being controlled by
d
American Powor & Light Co. V. 95, p. 1126; V . 96, p. 1428: V. 97, p. 954 comnr9tC , S ^ V H E A T C O R P O R A T I O N .- O R G A N I Z A T I O N .- I n V . 102, p. 1442. Has a 50-yoar contract with tho Southern Traction C o ’ xSS2°iuted D N ‘ Y i J,une 29 1915, per plan in V. 100, p. 1924 and took
fm w )n «n r«r0patfcyi ° f t!*i® U Llght & Heating Co. o f M aine, sold under
(see “ Klee. R y. Sec.). Sep V. 95, p. 970. Also a 30-yoar contract with
foreclosure. Stock auth. and outstanding, all in $10 shares, consists of
Toxas fraction Co. Description o f properties, statistics, &c., see V . 97.
$ %nnn°nnnT;A?re ' ’,„$3'0
1
r00h
0^
^ m o n , $4,000,000.
Bonds auth®,
p . 114; V. 99, p. 1915.
callah)n0?t0 i1 l M -,s n^ln« fund 8% g o ld bonds dated June l 1915, due 1935,
o
5 1916 authorized an increase in pref. stock from ou tstA m finP LH f , nt!: at any ln t- daAe - l n Jtdy 1916 $500,000 bonds were
l
$3,000,000 to $4,000,000 by sale from time to time. V. 103, p.417. Tho Kini!^
c° ™ P fny was then issuing the balance o f $500,000.
2d prof, stock is convertible by lot into pref. stock when earnings for 12 King, Farnum & C o., o f Chicago, and associates, own control. V . 103, p.762.
months equal twice dividend requirements on all outstanding pref., together
R E P O R T .— For year ending June 30 1916 was in V. 103. p. 841 842
with that to be issued. Both pref. and 2nd pref. were originally authorized
O F F IC E R S .— Pres.. J. Allan Smith; V .-P . and Chairman, E. H .’ Gou'ld;
as preferred,” but some o f tho outstanding preferred was subordinated and
V .-l ., C . L . J^ane; Treas., B. J. O Reilly. Office, N iagara Falls N Y
made 2nd pref. Tho $4,000,000 hero includes tho 2nd preferred.
D iv
’
■on prcL, I X % quar., paid Aug. 1912 to Fob. 1 1917. Paid on 2d pref.! Compare V . 103, p. 150, 245, 330, 762, 841, 1894.
1915, 6% : 1916 to Aug., 7% per ann. ( l % % Q .F .)
T Y '^ W R I T E R C O .- O R G A N IZ A T IO N .— Incorn. in
E A R N IN G S .— For yoar ending April 30:
F15«U
AIanufactures “ visible” typewriter. V . 86. p.
Year—
Gross.
Net. Interest. First Pref. Second Pref. Pal Snr
idoy. Factory, Hartford, Conn. N o bonds.
*
1916------ $1,960,420 $805,911 $362,100 $146,843 $54,400 $242 568
P R E F E R R E D S T O C K .— See terms in V . 90, p. 788. In N o v 1916
1915........ 1,769,218 643,018
238,611
116.267 61 725
226 415 retired $400,000 pref., making $1,000,000 o f the $5,000,000 m ef. acquired
(See Amorican Pow er & L ght Co., V. 102, p. 1434.)
■<540.415
o ff Ina i916
103’ P - 1797* N ° teS Payable (S900.000) were T p a l d
BONDS.— Of the 1st 5s ($30,000,000 auth. issue). $7,630 000 have
sold and the remain.ng $22,170,000 are, Issuable for 80% of thif'rnst
D IV ID E N D S .— On pref.. July 1 1910 to Jan. 1917, 154% quar
On
extensions and additions, but only while annual net earnings are em i»i
int. on bonds, including those to bo issued. Bonds are redeemable on U a
V.m
92,S % 15 y 1 19U tQ ° Ct’ 1916, 6% qUar” 1917‘ Jan p®
after June 1 1917 at 105 and Int. (V . 95. p. 970: V. 97, p. 891- V 98 n i ooad.
R E P O R T .— Report for cal. year 1916, in V . 101, p. 659, showed:
V . 99. p. 1915: V. 100, p. 1516: V. 102, p. 1442; V. 103. p! 417.) D‘ 1998’
Venr
r 0ther
^ rc'
^ e f.D iv s . Com.Divs. Balance,
1nYear— Earnings.
Income.
elation.
(7 % ).
(4 % )
Surplus
T ID E W A T E R O IL C O — (V . 102, p. 1246. 1255,2347: V . 103 n 15f)
2244; V. 104, p. 669.)
IU8’ p ’ l j ° ’ \ l \6 ........*2,548,671 $75,519 $244,452 $302,°750 $382,500 $l,40lfo90
5
1915........ 1,464,787 52,372
180,573 316,750
340,000
679,836
T O B A C C O P R O D U C T S C O R P O R A T IO N .— O R G A N IZ A T T O W _
O F F IC E R S .— Pres., John T . Underwood; V .-P ., Clinton L RossitorIncorporated in Virginia Sept. 1912 and has taken over concerns
turing cigarettes, little cigars and smoking tobacco fV 103 u 23^9) Jb- (1) Entire interest in M . Melachrino & Co., Inc. (o f N . Y . C itvV th « 9nrhr?i»
m f v . 1-:
s
C o. (o f N . J.) and Standard Tobacco Co., Inc. (o f Richmond) Tobacco
Prod. Corp. o f Canada, Ltd. (M ontreal), Khedlvial Co. (2) One-half hvtor0
est in Stephano Bros., Inc. (o f Va., successor o f Stephano Bros Phifa’
244, 762, Of Union Bag & Paper Co. » n d its sales agent, the Riegol B a i &
dolphla), manufacturers o f "Ramoses,” &c., cigarettes V 9ft” n u n ’
(3) Entire interest in Nestor-Gianclis Co. (M a in e ), having factorv Pn lit™
cSPJsnt0boo non k I? erKer ^ S27.000.000 stock o f old Union B a f & P apw
York C ity, exclusive agent in U. S. for imported Nestor cigarettes^ v Nn T
b e ^ P ^ ’ ?aye place to $10,000,000 stock. I l l o f one
class (listed on N . Y . Stock E x ch .). Seo full statement, V. 104, p. 71
in
p. 366, 657, 1234. (4) A ll the $1,500,000 pref. and $1,800 000 o f the $ 9 ’
Dec. 1916 purchased the Cheboygan (M ich.) Paper Co and iruarantend
000,000 common stock o f Schinasi Bros., Ltd. (cigarettes) for aliout
rin
its $1 000,000 bonds, p. & i. V . 103. p. 2436, 2161
In Jan 1917 pur^
000. V. 102, p. 890. Also has plants in Cafro and Oanada
statement to N . Y . Stock Exchange in V. 103, p. 2339.
So° ful1 chased for cash Badger Bag & Paper Co. o f Wausau, W is. V . 104 p 262
M Owns $3,750,000 o f the $5,000,000 outstanding capital stock o f the St.
S T O C K .— Stock authorized and outstanding, common 8 i « non non
Maurico Pcipor Co., L td ., a company which in Dec. 1916 took water Dower
consisting o f 160,000 shares ($100 par), for which the corporation nnlwrn
and other Canadian assots o f old Union Bag & Paper Co., and undertook
coivod $1 per share cash, and which wore Issued In Virginl™ a t *1 J *
tho erection o f a newspaper m ill, &c., at Cap. Madeleine, P . Q
Th e Maupref., auth., $8,000,000 (p. & d .). 7% cum. from Jan l i l n ® 1
rlce Paper Co. sold in 1916 $1,500,000 1st M . conv. sinking fund 6s part of
Dec. 1913, $2,000,000 having boon re-purchasod in the onen
a $5,000,000 Issue. See V. 103. p. 150; V. 101, p. 2078; V . 102?p 7§ 350
standing. $7,350,000. Tho prof. Is callable aftor 3 years rmm ? la ^ ): nllt'
part, whon drawn at 120 and accrued divs. N o m tgo!unless 66 0
D IV ID E N D S (N ew C o .).— N o. 1, i y i % , Dec. 15 1916; Feb. 1917,2 extra*.
all stock assents. On pref. 1 % % quar. paid Apr. 1913
1 !, i m ' ! % ,9f
B O N D S.— As to bonds of 1905 (55.000,000 auth.), see V. 80 d 2402
98, p. 76; V. 99, p. 1916. Bank loans Aug! 30 1916, amountcd to $ 9
7on ooo’
V. 81. p. 269 564; V . 87. p. 1667; V. 88. p. 1201. Bonds numbered from
i?990 upward arc tax-free In New Y ork In owners’ hands
V 91 n 99
R E P O R T .- F o r 1915. V 102, p. 1161; Sept. 30 1916. year V in i n 669
Read , of
v
Net ~~ Read)76/ P f.. Divs." Balance,v • 104, p.669. V . 94, p. 921. O f tho $5,000,000 issue, $3,778,000 on Aug. 21 1916 were
f Dins
Total
Years ending—
Earnings. In v .,& c.
(7 % )
outstanding, $1,044,000 were in sinking fund and $672,000 in treasury.
Surplus.
Sept. 30 1916............ $751,873 $61,453 $491,291
IN C O M E A C C O U N T .— For year ending July 31 1916 (V . 103 n 1416 )
1.280,544
Dec. 31 1915.......... . 860,313
61,453
490,000
1.151,650 rw,,°i/rn r?gS’ ,af ter allowin8 for ordinary repairs and maintenance’$888 435
Dec. 31 1914............ 725.471 151,337
560.000
o * „ is o s
,ous
7.9
242 969
iio
719,885 Deduct— 1 rovision for doproc., incl. sink, funds for bond rodemp
Interest on (a) 1st M . 5s, $169,098; on 6% bonds assumed, $] 1,250'
’
D IR E C T O R S .— J. Horace Harding, Reuben M . Ellis j . Tl i\ t
4>
on purchaso-money obligations, $11,383..................... ...
191,730
tek, Seward Prosser, Daniel G. Reid, J. du Pratt W hite, Albert-' it
W m. II. Butler, George L. Storm, James M . Dixon, G ray M m o r ^ W e n
N ot profit available for dividends for year ondlng July 31 1916..$453,736
Schinasi. N . Y . offico, 1600 Broadway. Pres., Daniol G R I
103, p. 2339, 2348; V. 104. p. 669.)
RU d — (V .
( ^ F ^ E R S . — Chairman, August Ileckscher; Pres., M . B. W allace:
V .-I .. O. R . M cM illen; Treas., K. S. Coleman; V.-Pres & See F R
2260°34I7 S H ,P Y A R D S C O R P O R A T IO N , N. Y .— See V . i 02. P . 2172. M urray N Y . Offico, 233 Broadway. N . Y .— (V . 103 p 150^44^499’
762, 1046. 1331, 1416, 1894, 2161, 2436; V. 103, ^ 71; V. 104, p. 368 ) ’
TTnivIOIT eL E C T R J9. L ,(iH T & PO W ER CO., ST. L O U IS — O R G A N IZ A ^ O N . - m c o r p . In Missouri In Sept. 1903. V. 77 p. 40 774
Does n r ^ v . tlo8 s r a»t“ ,“ nU,“ tl,r,JS stco1 for8‘ n‘!s * “ < stamping fo r o "
,? 8’
a1 of the electric-lighting business of St Louis. Has a 10-yearP
1
con°a S U P I ? y Public city electric lighting till Sept. 1 1920.
V. 96, p. 793.
lo o ,o o o ° .h ^ ^ ^
v . l „ ei
r! ^ i1! ^ ° '
1
practically ail o f the outstanding stock. V . 80*
p. 1000. Decisions, V. 95, d . 549; V. 96, p. 1302; V. 100, p. 404.
Mo5e£Yr r l esi 8eo aIso SSad ° f page)— Date.
Interest. Outstand'g.Maturity
M °. El. L t . & Power 2d m --------- 1891
6 Q .F . xx $600 000 Mav 1 1921
v R r l ! ? ess’ Net P r° f lts and Dividends ( Old Co. to Nov. 21916)
“ ° J d ' 1st cons. M „ 53.198.00011897 5 g. F.&A.xx*,198!oOO Aug. 1 1927
1011
Forgings.
Stamped Net F.nm
oor^SP/^*
19(>ross sal os of" now" company’ N ov.79 g®’# ® .
g j ^ f 98, "
iJ J S
^ofcal auth. Issue, $21,040,000; outstanding Dec SI iQlfi 5 Q K
M !s c ^ E f^ rtrlo°stot^t.^l v ? l o 7 C y i5 8 ? rv .SS5.a p (ei007?li466!I*
p
tlln,CMlllS'OUr*-
P r ffl^ roi.nF?’Transue? V.-)P r ^ ! P r a n k ^ r a I ^ ^ ^ a5 ^ r ^ ,d^^ a^ ,
'
— V. 104, p. 368, 262.
usue, tsec.-irtas., F. E . Dussol.
U. S. IN D U STR IA L ALCOHOL C O __ORGANT7ATrni\r
porated In West Virginia Oct. 17 1906 and own! the !tnnFr0fN.U ~I,?rCor.'
Products Co Ronnhllc DlstlllinarCo nn,i 1? i? 'Vn,iS tlJ st. ch Of the W ood
. ,e o
xi’os Corporation) in June 1915 sold the $6,350,000 o f the ^ 2 noo^on ^ w n "
stock owned by it. Its guaranty o f the prof.dividends or2i',9d?.i?2?,ic9?1*
for term o f charter ending Oct. 17 1956. V. 1M . p
*
Application to list, V. 92, p. 1106.
’ P- ^0 1 j’ V ’ 101> P- 218.
S T O C K .— I»ref. stock may bo redeemed on any dividend date at ion
and accrued d iv. N o mortgage without consent o f 2-3 o f pref! stock! 125
„ PD N D S .— In 1908 died a Refunding and Extension M for s^n non nno
Of the bonds, 57.071.000 have been sold, $10 000 000 are rM’ervpi?°tn
overe8 5 ^ eofyc o s t ^ ^ ? e x t e ^ io n s eMd*Pm provem ents?^^conthtioifthat?he
be
e
S
r v ^ .p ^ i r a s w *
r o ^ ^ ^ ^ 8 ? 0 ^ ' ^ ^ a f t ^ t a x e s P ^ . , 3$K423'lfaklint^ o’n 9
bonds’ $9oI°?18*
net Income, $521,864. See V. 102. p. 1352.
’
’ $901’318’
O F F IC E R S . Pres., J. D, M ortim er; V.-P. and Gen M g r
A P Fin
196
M IS C E L L A N E O U S C O M P A N IE S
[F or abbreviations, & c.. see notes on first page]
%
mortgage gold redeemable at 110 since N ov 1 1895-Sjnion Natural (las Corp---Stock $10,000.000----- ■.""/-rW *
Serial bds $6,000,000 auth gdue $500,000 ann red -C Plxc
Bonds o f affiliated coinpanios (see text)
Union Oil Co of California— Stock SoO.UUU.OOO auth
First L ’ en M $20,000,000 g callable see t e x t . - E q . » p &r
Coll trust notes $4,000,000 g $150,000 duo s-a red l03-xxc*
Guaranteed bonds (see t e x t )-------------- ----------- —
Union Steel— First A coll mt?e $45,000,000 g gu s t-N .xc &r
Sharon Coke Co 1st M callable 1 9 0 1 - - - - - - - - - - - .............. *
Union Stock Yards of Omaha— Stock $7,500.000--------- - -
First mortgage $5,000,000 redeemable 105----- - U n ion S w itch & S ig n a l C o— See Westmghouse A ir Brako C
U nion T a n k L in e Co— Stock $ 1 2 ,0 0 0 .0 0 0 --------------United Bank Note Corporation— See American Bank NoteOo
U n ited C igar M a n u fa ctu rers Co— See General Cigar Co,
U n ited C ig a r S tores Co o f Am er— Com $30,000,000 a u tli.Preferred stock (a & d) 7% cum $5,000,000 see text-----U n ited D rug Co, In c— Auth common $35,000 ,0 00-------lst prof (a & d) 7% cum $7,500,000 call any time at,$60 2d pref (a & d) 6% non-cum $10,000,000 call at 105----- *
V
1890
1913
K ill
1913
Var
1902
1911
100
Inc.
7.500.000
9.109.000
On Deo. 31 1915 owned 415.774 acres of gas ands and
also one-half Interest In 55.654 acres in W . Va. (Reserve Gas C o.).
D IV ID E N D S .— Dividends 1903 to 1906, 8% yearly; Jan. 1907 to Jan.
1917, 10% yearly (2 H % Q.-J.).
B O N D S , A C .— Bonds o f subsidiary cos. June 30 1916, $771,000 .Include
idi^doO ^V yria^G i^& ^^ectric^s’ due' S^pt. ? 'l9 2 7 &c
O f fhe $6 000,000
|s o f 1913, S3.659,000 were outstanding Juno 30 1916, S I,000,000 had bewi
a o f Juno36 1916.8289.649. The final $132,000 6s o f 1904 fell duo Sept. 1
“
1916.
R E P O R T .— For year 1915(V. 102, p. 1248); half-year 1916, V . 103,p.584.
Calendar
Gross
N et, after In t. on D epr’n, Dividends Balance,
Surplus.
Year—
Earnings.
Taxes. Bds.,&c.
&c.
(10 %)•
S
$
$
8
$
275,512
1015 112 mos ) 5 732,384 2,495,404 372,307 847,585 1,000,000
________ 206,372
1914 (12 mos.).5,647,140 2,316,429 364,684 745,373.1-000.000
1016 ^ "m o s3 ’ 4 039 250 2!30o!752 175,’68‘i f N o pro-f 500,000 1,625,070
)^
1915 8 S : : 3 : 2 4 9 , 4 3 5 1,650,432 246:9561 vision. 1 500,000
903.476
Pres T N . Barnsdali: V .-P . A Gen. M g r., E. P . Whitcomb; Sec. A
Treas W . R . Iladloy. Offico, Union Bank Bldg.. Pittsburgh, Pa.— (\ .
100fp.’ 738, 897; V. 101. p. 452; V. 102, p. 891, 1248; V. 103, p. 584.)
U N IO N O IL CO. O F C A L I F O R N I A .— O R G A N IZ A T IO N .— Incorp;
in California in Oct. 1890 and producos fuel od, refined oil, gasoline, kero
sene benzine, Ac. Owns or controls more than 800 miles of modern pipe
line (in d . Producers’ Transportation C o., V. 96. p. 1294; report V. 103,
p. 6595), oxtonding from 3 separate tidewater ports to the 4 great oil-produc
ing sections of the State, and controls and o p era te 3 modorn refineries, a
1
fleet o f oil-carrying vessels, w ith a capacity o f over t>00,000 bbls., 239
stationary tanks, with a storage capacity o f 17,870,000 bbls. for crude and
refined oil, Ac. Has its own pipe lino across the Isthmus o f l auama.
Its oil properties aggregate about 220,000 acres in California. V . J i , p.
449; V'. 99, p. 758, 745.
S T O C K .— N o dividends while the First Lien bonds are unpaid, unles®
net income Is twice the interest charge. Owing
J X n n n ^ n n new
with an English syndicate was modified and Instead o f the $ 15,000,000 new
stock which they agreed to b u y. subscriptions for about $2,779,300 stock at
85 were in April 1915 accepted in full settlement .Increasing the_ amount
outstanding to $34,092,200. V. 101, p. 523, V. 100, p. 13o3, lo ll). 8,)7,
V 102 p 1065; V. 103, p. 762. In N o v . 1916 $5,000,000 now stock was
proposal for additions, A c. V . 103, p. 1894.
D IV ID E N D S — In August 1908 a stock dividend of 200% was deolared
and the annual dividend rate, then 15% per annum, was made 6% oer an
num on the increased stock; from N o v . 1910 to July 1913 tho rato was 7.2%
per annum. Tho 2 % . payable Aug. 25 1914. was rescinded on account o f
the European war. In Jan. lOlO rosumod dividends 1Jd%>>oing Paid.
July, Oct. and Dec., 1 X % ‘ Jan. 1 1917, \'A % • V. 103, p. 237, V. 101, p
>
24.
B O N D S __ First Lien 5% 20-yr. bonds, auth. $20,000,000; Initial Issue,
55 000 000; reserved for future Issue at not exceeding $2,500,000 yearly, for
development, betterments and new acquisitions, provided the net income
for the preceding calendar year shall be at least 3 times the annual Interest
charge, including bonds so to be Issued, $6,665,000; reserved to retire $7.
335 000 guaranteed bonds o f subsidiary companies (see V. 92, p. 1373).
V 93 n 109 168; V. 92, p. 1373, 1503, 1641. Tho $4,000,000 coll, trust
gold 0% notes mature $400,000 M a y 1 1914and $450,000 thereafter semlann. to M ay 1 1918 and are secured byp ledge o f $1,500 first lien 5% bonds
for evory $1,000 of notes issued. V . 96. p. 1368. V . 97, p. 242. 449, V . » « .
rV 1005 1321- V 99 n. 745, 1372; V. 102, p. 1544. Purchase-money obli
gations D ec. 31 1916. $1.146,362. V. 103, p. 236. Bills payable, 81,200,-
Places Where Interest and
Dividends are Payable
7
6
S Sepb25’ 16 2 H % Checks mailed
Q— F
Q— M
Feb 1 5 ’ 17 I X Checks mailed
do
M a r 1 5 ’ 17 I X
Q—F
Q—M
Feb 1 1917 I X Boston, American T r Co
do
do
M a r 1 1917 I X
do
BO NDS.— The 1st and C oll. 5s of 1902 ($45,000,000 authorized issue)
are guaranteed principal and interest by the U. S. Steel Corp., and are
secured by all the property of the company, Including the Sharon Steel stock
acquired. They arc subject to call since Dec. 1 1907 at 111) and Interest.
Of the bonds. $43,906,000 have been Issued, of which $16,877,000 were held
alive In sinking fund on Dec. 3 11916: remainder are to be used to retire un
derlying bonds and for future purposos. Annual sinking fund 2% o f amount
of bonds out. V . 75. p. 1150; V. 76. p. 107; 546. Guaranty, V . 76. p. 709.
— (V . 78. p. 1171. 1227: V. 83. p. 912; V. 91, p. 721; V. 92, p. 1247.)
UNION STOCK Y A R D S OF O M A H A .— O R G A N IZ A T IO N .— Incorpor
ated In Nebraska In Dec. 1887. Owns about 220 acres of land lit South
Omaha, covered with plant. Ao.. and other real estate. V . 92. n- 1378,
Dividends since 1897, 6% y ’ly. Of the 1st 5s of 1911 ($5,000,000 auth. is
sue), S700.000 have been sold, remainder reserved for lmprov ts and addi
tions. $1,200,000 at cost and $3,100,000 at 75% o f cost. V 92 p.1.387.
1315. Report for year ending N o v . 30 1916. In V . 104, p. 162, showed:
N ov. 30
Gross
Net
DepreKcDividends
Bal..
Year
Earns.
Earns.
elation.
serves.
Paid.
Mom.
1915-16____ $2,335,524 $910,858 $150,000 $150,000 (§)$599,704 811.154
.......... (G) 449,778 101,824
1914-15____ 2,065.523 701.602 150,000
Pres., R . J. Dunham; Sec. and Treas., J. O . Sharp. O ffico. South Om
aha, N ob.— (V . 100, p. 59, 137; V. 101, p. 21o0; V. 102, p. 43G; V . 103, p.
2436.)
U N IO N S W IT C H & S IG N A L C O .— . to salto of stock to Wostinghouse
Aa
A ir Brako C o., see that co. below.— (V . 103, p. 2348, V. 104, p. 66J.)
U N IO N T A N K L IN E C O .— O R G A N IZ A T IO N , A c.— Incorporated in
N J n 1891. Owns about 16,009 tank cars which It leases to shippers at
rental charges according to capacity, and In addition rroe ves a mileage
from tho railroads. Formerly controlled by Standard Oil Co. o f N . J .,
but se^regated ln l i ) 11. Stock. $12,000,000; par. 8100. Dividends
1914 to Sept. 25 1916, 5% y ’ly ( 2 X % M . A S . )
’
In V. 102. p. 1442, showed net earnings $1,067,958, divs. (5 % ), $600,004.
bal. sur.. $872,496. Pres., Henry E. Felton; V .-P ., \Vm. A.. Bars tow,
V -P A Treas., VVm. M . liutchlsou; Sec.. E. F. Cook.
Office, 26 B w a y .
N . Y . — (V . 100, p. 1354; V. 102, p. 1442.)
U N IT E D A L L O Y S T E E L C O R P .— See V. 103, p. 1512, 1709, 2244.
1915.
450,878
161,275
93,625
2,148,502
T o ta l profits. 11,206,263
General ex p .308.682
2,819,129
T a x e s ________
456,247
D IR E C T O R S .— Lym an Stowart (Chairm an), Los Angelos, W . L .
Stewart (Pres. A Treas.), Alexander Sclater (V .-! .), E . W . Clark (V .-P . A
Gen. M g r .), John M c l’ eak (Sec.), John Carrigues, K . D . Matthews
(Comp.)fA . P . Johnson, F . O. B olt, W . R . Staats.AV. W . Orcutt. General
office oieum (P . O. Rodes), Contra Costa County. Cal.; .branch offices,
Los Angeles and San Francisco.— ( V . 102. p. 236, 244, 762; V. 103, p. 1416,
1512, 1709, 1894; V. 104. p. 160, 566, 659.)
UNION STFFI C O — The United States Steel Corporation, which took
possession as of Deo. 1 1902. ownsi the entire; $20,000,000 stock.guaranteeing
000 000 of 5% bonds. vSee V . 75, d . 1359, 1150, V. 74, p. 100.
* Plante at Donora and Farrell, P a., as follows: 5 blast furnacos. 2 Besse
mer converters for uso in connection with tho opon-hoarth duplox process,
25 open-hearth furnaces; 3 blooming billot ancf shoot bar mills, incl. nail
Last Dividend
and Maturity
and fonco departments, 5 rod mills, 20 hot mills, making black plato to
tinning, 2 wire mills, 1 plato mill, 1 tin plate plant, b shoot mills, 2 galvaniz
ing departments, 2 sulphato o f iron plants, 1 by-product coke plant, 212
ovons; warohousos and shops with tho following annual capaclty. 7o6,000
tons pig iron, 1,030.000 tons O. H . basic and acid ingots, 77.),000 tons
blooms, billots and slabs, 150,000 tons universal platos and skelp, 335,000
tons wlro rods. 200,000 tons wire. 95,000 tons galvanized fonco, 4,000 tons
galvanized nails, 1,525.000 kegs wiro na is, 8,000 tons sulphate of
Coking coal property in lower Connellsvillo or Klondike district, 5,574
acres o f coal and 954 acros o f surfaco. Throo coal mines and „ boe-hive
coking plants (450 oven). T w o modern steel ore steamors.
The Sharon and Penobscot mines an fee) and Donora and Sweeny mines
(leases), on the Mesaba range, estimated to contain 40,000.000 tons of ore.
00S i^ eM
1
nd°retires1?eariy at 1 0 2 * and Int. at least S250J100 bonds; also
callable as an entire issue at lOo and int. on any int. date. V. 102, p. 1 /-0
M aturity.
Underlying Bonds
Interest. Outstanding.
Mission Transp. A Refln. Co. lstM .5 M A Nxx *413*000 N ov 1 1921
Union Transportation Co. 1st M 5 F A Axx 1,620,000 Feb. 1 1923
Producers Trapsporta n Co. 1st SI-5 J A Jxx
92U.UUU July 1 1921
1916.
477,541
108.370
198,994
2,432.465
6,321,648 D lvld en d s--(6 )2,045,532
339,460
B a l-.su rp .- 5.170,030
308.779
When
Payable
12,000.000 5 In 1916 M A
27,102,000 7 in 1916
4,527.000 7 In 1916
101,'p.
R E P O R T .— For cal. year 1916 in V. 104, p. 659
(A ll $)
1916.
1915.
I (A11S)
Gross sales--.2 7 ,745,009 19.248,143 In t. on bonds.
Prof, on oil, &o 11,197.053 6,301,2241 do coll .notes
Rate
%
Corn Exch Bank, N Y
$100 $3,000,000 4 in 1916 See text Jan 15 1917 2% Central Trust C o. N Y
5 g M A N N o v 1 1920
403.800
lOo Ac
Jan. ’ 16 2 A
lO .O O O .O O O 10 In *16
100
Colonial Trust Co, Plttsb
6 g A A O T o Apr 1928
3,659.000
1.000
A J Jan. 15 ’ 17. I X Los Angeles
34.092,200 6% in T6 I
100
N Y . Los Angelos. A c
T A J ■Inn 2 1931
5g
6.578.000
100 Ac
N V (B a ). Los Ang A S F
Q— F T o M a y 1918
6g
1.319.000
1.000
Union Trust Co, Pittsb
Various
5
3.494.U00
New York Trust Co, N *
i
* d Dec 1 1952
LOGO Ac 27.020.0IK)
Dec 2 1931
5g
160.000
N o v 30 ’ 16. 1 X Omaha, N eb
7.496.300 6 in 1916 Q — M
First T r A Sav Bk. Chic
M A N May 1 1931
5
700,000
U N IO N F E R R Y .— Operates 3 ferry lines botween N . Y . and Brooklyn.
10 ferryboats, real estate. A c. Fare increase, V . 87. p.
V. O.i.n. 538.
In Jan. 1916 outstanding bond issue had been reduced to $403,800. V.
90, p. 114; V. 97, p. 1827.
D IV ID E N D S . 11898. 1899. 1900 to Jan. 1908. 1909 to 1915. 1916. 1917.
Pek r ‘ T i 5 , - . - i ^ S e c . i
Amount
Outstanding
Par
Value
Dale
Bonds
Pen n a 'and Ohio
[V o l . 104.
IN D U S TR IA L STOCKS AND BONDS
U N IT E D C IG AR STORES CO. OF A M E R IC A — O R G A N IZ A T IO N .—
Incorporated In N . J. July 25 1912. as successor, per plan V.95, p. 241. of
Corporation of United Cigar Stores (which owned the entire stock and funded
debt of the old United Cigar Stores Co. See V . 94, p. 1451.1386. 1122. V.
93 n. 110S, 1122: V. S3, d . 1132.) Retails cigars, cigarettes, tobacco, A c.,
having, in Oct. 1915, about 900 stores in various parts o f the country. V.
03 n 1122-V 100 n.314; V . 101. p. 1276, 1374. Stockholders wore allowed
t o ’subscribe pro rata to M a y 11 1914 for Initial issue o f stock ($316,890)
o f the United Profit-Sharing Corp. (auth. issuo increased in Dec. 1914 to
$2,000,000). V. 98, p. 1465: V. 99, p. 474, 1683, V. 100, p. 59, 314.
STO CK .__Dividends on pref. stock are cumulative from Sept. 15 1912.
Has equal'voting power with common. A special surplus fund out o f not
profits may bo usod aftor Jan. I 1916 to rodoora prof, stock at prices not
exceeding $140 per share. Th e stockholders on Aug. 14 1914 voted to roduce tho par value o f shares from $100 to $10. but this change having provod
unsatisfactory, they voted M a r. 3 1916 to rostore the old par value,$100
a share. V.. 102, p. 615.
D IV ID E N D S .— D tv. on common, 1 H % and X % extra paid Feb. 15
1913; M a y 15 1913 to N o v . 15 1913. 1 34%: Fob. 15 1914 to M ay 15 1915
6% yearly; Aug. 1915 to Feb. 15 1917, 1?4%*
R E P O R T .— Report for year onding Doc. 31 1915, in V. 102, p. 1344:
1915.
1914.
1915.
1914
S
Cal. Year—
S
„ 8
Rects. less chgs.2,404,4/0 2,241,784 C om . divs - (0 A ) 1.765,530(6) 1629,720
ro. (7% )
___ ____ Bal., surplus____ 322,050
295,174
Pref. divs. V) /0J 316.890
316.890
Pros.. Charles A . Whelan; Vice-Presidents, Edward W ise,E lliott A verott.
W . T . Posey, J. R* Taylor; Soc. & Treas., Georgo W attley. (V .102, p .I7 «6 .)
UNITED CIGAR STORES OF CANADA.— (V. 103, p. 584.)
U N IT E D D R U G CO ., IN C .— O R G A N IZ A T IO N .— Incorp. In Mass,
in M arch 1916. In addition to its manufacturing property and business,
owns tho ontiro capital stock o f tho Louis K . L ig g ett C o ., the retail company
which succeeded to Riker-Hegoman C o.. Riker-Jaynos Co. and Louis K .
Ti
i Co business
Also owns all tho common stock o f Canadian and
British cos . A c
V 103. p 417; V. 102. p. 615. 1167. 1255. In Oct. 1916
operated through its subsidiaries 245 stores In the U. S. and Canada, viz..
37 in n . y . C ity, 7 in Brooklyn, 15 In Boston, 4 In Buffalo, ■ in 1rovidonco,
>
6 In Winnipeg, 3 in Phlla.. 3 In Syracuse, 3 In Detroit and 1 or 2 each in
Washington, Toronto. Columbus. O ., Portland, M o ., A c., Ac.
S T O C K .— Tho 2d prof, stock is exchangeable Into common stock after
tho common pays 7% in any ono year, share for share at any tim e a t option
o f holder. Both pref. issues aro non-voting, unless the dividends thereon
are in default, in which case tho prof, stock at least will havo full voting
power as well as the common. N o funded debt. V . 102, p. 615.
1 Holders o f tho first prof, stock o f rocord July 22 1916 had tho right to
subscribe at par ($50 per sharo) for about 812.413 .650 o f originally authorized
but unissued first pref. stock, making $7,600,000 outst g. V. 103. P-1797.
D iv. N o. 1 on 1st pror. M a y 1 1916 to Fob. 1 1917, \3 % Q--FA
on 2d pref., Juno 1 1916. I A % : N o . 2. Sept. I 1916. 1 H % ; D ec.. l 'A % .
1917, Fob., 1 )4 % ; M arch, \ A % .
P R O F IT S A c.— Salos o f combined companies to thoir customers from
Feb. 4 to M a y 31 1916 wore $11,896,693. an Incroaso o f 22%, ovor| tho
comparative period o f 1915. F or 5 mos. ending Juno 30 1916 tho total not
tfEB., 1917.]
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, &c., see notes on first page
Date
Bonds
Par
Value
U n ited D ry G oods Cos— See Associated D ry Goods Gorp
United Klee Co of N J— Seo “ Electric R y ” Section.
United Fruit— Stock S75.000.000 authorized........ .............
Serial debs (for Nlpe May Co) gold red 103 since 1010____x 1907
Debentures gold s I $425,000 due yearly begin ’ 14.xc*& r* 1909
do
g s f drawn 101 1-10 y ’lv beg July'10 .O B .xc’ &r* 1011
Gold notes 810,000,000 redeemable tex t........ ............... OB 1914
Bonds and debentures o f sub cos (Sept 30 1916)________
U n ited Fuel Gas— 1st M $15,000,000 call l0 5 ..K N c * & r * 1910
United (i ts Improvement Co i’P »e »~ 'Stock
70(). . - .
U nited M otors C o rp o ra tio n — Class B stock voting_______
Class A stock (non voting in all other respects like class B ).
United Paper Board— Common stock $12,000,000 auth----Pref stock 6% non-cura $2,500,000 red U O .........................
Liens on individual properties (not direct obligations)----United Shoe Machinery C oro— Common stock $.-(5,000,U00- Pref (a & d) stock 6% cumulative $15,000,000 (see te x t).
U S Cast Iron Pipe <: Fdy C o-C orn stock $15,000,000 auth.
S
Preferred stock 7% non-curaulatlvo $15,000,000 auth----American Pipe & Foundry first mtge $1,500,000 sk fd - . z 1898
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and M aturity
.
.
$100 $48,792,400 See text Q— J 15 Jan 15 T7, 2%
J A D June 1 1917-18
320.000
r> g
50o &c
J July 1 1923
2.975.000
44$ g J A
500 &c
3,600 .OOO
500 Ac
144 g •r iV ,r Tilly 1 1925
5
M & N M a y 1 1918
100 &c 10,000.000
2,892,626
J & J Jan 1 1936
8.967.000
6g
500 &c
8
O— J 15 Jan 15 ’ 17, 2%
50 55.502.050
5.000 sh
None
None l,195,000sh
too 12,000,000
Jan 15 1917 l 'A
100
2.100.000
470.000
Q— J Jan 5 1917 2%
25 31.506,981 See text
25 9.780.700 6 in 1916 O— J M a r 15’ 17,1 4
100 12.106.300 See text
Q— M U<*c l 1907 1%
100 12.106.300 See text Q— M 15 M a r 15 '17 1M
■ A J July 1 1928
J
6
1.000
849.000
earnlnes after all chargos, were $980,134, being at tho rato, for 12 months,
o f $2 352 300. Divs. on $7,500,000 7% 1st pref. stock call for $520,000.
V . 103, p. 417. 1123. See balance sheet o f Juno 30 1916, V . 103, p. 1797.^
D IR E C T O R S .— Louis K . Liggott (Pros.), Jamas O. M cCorm ick (Treas.)
Louis I. Schreiner, Charles E. Murnan, George M . Gales and .1. N . Stalas Jr. ( V.-Presidents), John B. Cobb, James C. B rady, Fred S. Rogers,
I. D. Cahoon, W . C. Bolton, Thomas P . T a ylor, Byron M . Ily d o , John H .
Flagler, Thomas Voegcli.— (V . 103, p. 1597, 1709, 1797.)
S
U N IT E D D R Y G O O D S C O M P A N IE S .— Soo Assoc. D ry Goods Corp.
U N IT E D D Y E W O O D C O R P O R A T I O N — V . 103, p. 1797. 2161.
U N IT E D E L. L. & POW ER CO.. N. Y .— See Consolidated Gas.
U N IT E D F R U IT CO.— O R G A N IZ A T IO N .— Incorporated In N . T. on
March 30 1899 to carry on tropical fruit business. Properties, see V . 69
p. 854, and successive annual reports as published in the “ Chronicle.'''
Bluofields SS. Co. Anti-Trust case. V. 102, p. 443, 1442. Northern R y
o f Costa Rica, 347 miles, seo V. 71, p. 1067: V. 80, p. 223: V . 81, p. 618.
Rovoro Sugar Refinery is owned jointly w ith N ip e B ay Co. V . 103, p.
1979: V. 99, p. 1755; V. 98, p. 1619. _
t
N IP E B A Y CO ., C U B A .— Sugar M frs .— In this company tho United
Fruit Co. owns $2,713,800 o f the $4,490,400 com. stock, $87,000 o f the
$2,766,000 debentures. See plan, V. 100, d . 906.
Tho Nipo Bay Co.
has outstanding $4,490,400 com. and $12,100 prof, stock, $3,500,000 1st M .
6% sinking fund bonds, rod. $150,000 annually, commencing 1918, boing
duo M a y 1 1925, red .102 44 to M a y 1 1922 and thereafter at 101. and
$2,766,000 10-year 6% debs, due Juno 1 1917 (V . 95, p. 424). V . 100. p.
1597: V . 101, p. 217, 610. On April 15 1916 tho quarterly dividend of
N ipo Bay Co. was increased from 1M % to 2 % . An. report, V . 103, p. 1979.
S T O C K A N D N O T E S .— In order to call and pay o f f at 101 (on M a y 1
1916) the $12,000,000 6% 4-year notes o f 1913, stockholders or record
Jan. 18 1916 wero allowed to subscribe at $120 a share on or before Feb. 15
for $12,198,100 additional stock, increasing amount outstanding in April
1916 to $48,792,400. T o provide for futuro financing o f same kind, tho
shareholders votod Jan. 1916 to increase tho auth. capital stock to $75.
000,000: V. 101, p. 2150. 2078; V. 102, p. 1442.
The American International Corp. has a largo interest in tho company.
D IV S .—
\ '99. ’00. '01. ’02. '03. ’04. Jan. ’05 to Jan. ’07. Since.
86
6
7
7% yearly
2 quar.
P e rcen t ----------J 2M 10
Also on N o v . 1 1913 2% extra, and from accumulated surplus, Aug.
1908, N o v . 1909. N o v. 1910 and Doc. 1911, each, 10%, applicable to pur
chase o f now stock at par. V . 93, p. 1390.
D E B E N T U R E S .— The 4)4 % gold debentures will have annual sinking
fund beginning in 1914 (or 1909 Issue and In 1916 lor the others, which will
retire l-10th of Issues yearly, the bonds being callable therefor at 101.
They are to be secured by any new mtge. placed on the property. V . 87.
p. 1609. 1538: V. 91. p. 1635: V . 93, p. 109. 168.
The $10,000,000 4-year 5% gold notes dated M a y 1 1914 are subject to
call to N o v . 1 1916 at 101 and thereafter at 10014 on 30 days’ notice. This
Issue o f notes will be secured by any mortgage made. V. 98. p. 1619;
V . 96, p. 1302, 1368. Bonds and debs, o f sub. cos. Sept. 1916, $2,892,626.
R E P O R T .— Report for year ending Sept. 30 1916, V . 103, p. 2154.
Fiscal
Net
Other
In t. on
Dividends
Balance,
Year—
Earnings.
Income.
Bomls,&c.
on Stock.
Surplus.
1915-16 ---$8,584,952 $4,758,034 $1,399,835 (8%)$3,415,468 $8,527,683
1914-15 - - - 0,022,054 2,592,516 1,714,048 (8 % ) 2,927,544 $2,972,978
D IR E C T O R S .— Andrew W . Preston (Pres.), V .-P ’s M inor C . Keith,
Shoppard G. Schormerhorn, Eugene W. Ong, W illiam Nowsomo and Craw
ford I I . Ellis, Bradley W . Palmer (Sec.), John S. Bartlett, W . Cameron
Forbos, Reginald Foster, F. R . Hart, Hugh G. Lovick, IC. IC. M cLaren
and W . S. Spaulding. Treas. is John W . Damon. General offices, 131
Stato St., Boston.— (V . 103, p. 584, 1894, 1987, 2084, 2154.)
U N IT E D F U E L G A S C O.—'This company whoso property Is described
under caption of Columbia Gas & Electric Co., (owner o f 51% or more
o f the $9,000,000 capital stock) made a now $15,000,000 mortgago Jan. 1
1916 under which there have boon sold $8,967,000 1st M . 6s to refund out
standing obligations, incl. all bonded dobt, provide additional working capi
tal, &c. Th e balanco o f tho authorized issuo o f bonds is reserved for now
properties, extensions and improvements, and can bo issued only to tho
extent o f 80% o f cost. Tho bonds are secured by a first mortgago upon the
entire property having an aggregate book value o f over $16,000,000.
Annual sinking fund, beginning March 1 1922, is to rotiro outstanding
bonds at or bofore maturity. Seo official statement to N . Y . Stock Excli.,
V . 103, p. 1133; also see V. 102, p. 1726, 1816, 1998; V. 103. p. 2101, 2245.
E A R N IN G S .— For year ended Dec. 31 1916: Gross earnings, $1,
752.589; net, after taxos. $2,955,808; fixed charges, $174,509; bal., sur..
$2,481,239. N ot earns, for calendar yoars 1914 and 1915 wero $1,002,730
and $1,388,388, respectively. Pres., F. W . Crawford. Charleston, W.
V a.— (V . 103, p. 417, 584, 1046.1133, 1216, 2161, 2245; V. 104, p. 78, 566.)
U N IT E D O A S & EilEC. C O R P .— $eo "E lec. Ry. Section."
(TH E ) U N ITE D GAS IM PROVEM ENT CO.— Organized 1882 In Penn
e y iL . reorganized in 1885. Charter is perpetual and business is the
:
bunding, leasing and operating o f gas works, A c. (see list In 1900, V. 70, p.
1000, 944) . See data as to companies in which interested in V. 79, p. 498,
and edltorla , p 478; V. 79. p. 209(1; V. 80. p. 2342; V. 8). p. 977. 1727.
V .8 2 , p. 1160. 1144: V 83. p. 42. 499 1360. 1541; V. 84. p. 107, 305, 936.
1113. 1301. 1373; V 85. p 44; V 89 n. I()00' V. 90 p ifiso- v qi
P-219: T ’ , 2,’ rp i 1099: X i 95’ pV
.
I
* 9
819; V. 100, p. 404, 647; V. 103, p.
1507. In 1915 Invested $5,400,000 in bonds o f Northern Indiana Gas &
Electric Co. V. 102, p. 1350, 1537.
STO C K .— Increased In 1906 from S36.725.000 to $45,900,250 and In 1909
to $50,473,350; in 1010 to $55,520,950. V. 89, p. 1600; V . 88, p. 1201.
D IV ID E N D S .— Since 1888 8% per annum, payable quarterly. In Jan.
1800 paid extra 15% In convertible scrip; also 10% extra Mch. 1 1910 It
scrip convertible Into stock to June 30 1910. V. 80, p. 1600, 1548.
R E P O R T for 1916, In V. 102, p. 1537, showed:
Cal Year—
1915.
1914.
1915.
1914.
Total earns..$9,071,390 $9,084,544 D ivid en d s___$4,440,236I$4,440,236
N ot profits. . . 7,996,921 7,896,400 Sinking fund.
797,500
801,300
Bal., surplus. 2,759.185 2,654.864
197
IN D U STR IA L STOCKS AND BONDS
Places Where Interest and
Dividends are Payable
Company’s office, Boston
do
do
Old Col T r Oo,Bos;& Lon
do
do
Boston and London
N Y & Pittsburgh
Philadelphia Office
fCheeks from Am er
1
T r Co Bos
Office. Burlington, N J
do
do
Chattanooga, Tennessee
D IR E C T O R S .— Effingham B. Morris, Samuel T . Bodlne (ex -officio)!
E. T . Stotesbury, Randal M organ, W m . W ood, Thomas J. Dolan and
Morris L. Clothier. Pres., Samuel T . Bodlne; 1st V .-P . & Gen. Counsel,
Randal Morgan: 2d V .-P ., Walton Clark; 3d V .-P .. Lewis Lillie; 4th V .-P .,
W . F . Douthirt; 5th V .-P ., Paul Thompson: Troas.. I. W . Morris; Sec.,
Geo. W . Curran, Broad and Arch Sts., Ph lla.— (V.102. p, 981, 1597.)
T H E U N IT E D M O T O R S C O R P O R A T IO N .— O R G A N IZ A T IO N .—
Incorporated in N . Y . State M a y 12 1916 and controls (V . 102, p. 1816,
1902, 1998) by stock ownership:— (a) N ew Departure M fg . Co. o f Bristol,
Conn., manufacturers o f bearings: V. 98, p. 391: (b) Tho H y a tt Roller
Bearing Co. o f Harrison, N . J., manufacturers o f bearings. V . 102, p. 440:
(c) Dayton Engineering Laboratories Co. o f Dayton, O ., manufacturers o f
"D e lc o " solf starters and electric systems: (d) Rom y Electric Co. o f Ander
son, Ind., manufacturers o f solf starters and Ignition systems: (e) Perlman
Rim Corporation o f N . Y . C ity , manufacturers o f tho demountable rim.
(V . 102, p. 1901, 1441, 1351.) (f) Klaxon Co. (Klaxhorns), Newark. N . J.
(V . 103, p. 1016). Properties, output. &c., July 1916. V. 103, p. 755, 1432.
(g)
Brown-Lipe-Chapln Co., differential gears, V . 103, p. 1512. Harrison
Radiator Co. was purchased early in 1917: purchase o f Houk M fg . pend
ing. V. 103, p. 1894.
C A P I T A L S T O C K .— 1,200,000 shares o f capital stock without par valu e,
o f which 5,000 shares, to bo dosignatod as class B stock, aro to havo lu ll
voting powor, and the remaining 1,195,000 shares, to bo designated as
class A stock, are not to havo voting power; but these two classes In all
other respects share alike.
E A R N IN G S .— For tho year 1915-16 the controlled companies, omittlug
only tho Perlman Incorporated in March 1916, showed total net earnings
o f $6,478,630. W ith all properties in operation and rocent extensions in
use a 100% Increase in profits Is expected.— V . 102, p. 1902.
D IR E C T O R S .— President, Arthur P . Sloan Jr. o f H yatt Co.; V .-P res.l
E. A . Deeds o f Dayton Engineering Co.; Soc.-Troas., Do W itt Page o f
N ew Departure Co.; S. A . Flotcher o f Rem y Co.; Chairman Finance C om
m ittee, L . G. Kaufman o f Chatham & Phenix N a t. Bank.— V . 102, p. 755,
1046, 1432. 1512; V. 103, p. 1894.
U N IT E D P A P E R B O A R D CO — (V . 102, p. 755, 1046: V . 104. p. 78.):
U N IT E D SH O E M A C H IN E R Y C O R P O R A T IO N .— O R G A N I Z A *
T I O N .— Incorp. in N . J. V . 80. p. 1862. Owns nearly 100% o f pref”
and nearly 99% o f common stock o f United Shoe Machinery Co. Th
lower Court on April 19 1915 in the suit o f m inority pref. stockholders en.
joined the merger pending final hearing. V . 100. p. 560. 1442. Properties
V. 68. p. 333, 430: V . 74, p. 430; V. 75, p. 851; V. 80. p. I486: V . 91.
p. 878: V . 92, p. 1699; V. 97, p. 1359: V . 99, p. 275.
Th e lower Federal Court on March 18 1915 dismissed the dissolution suit
brought bv the Government, but an appeal has been taken to U . S. Supreme
Court. See V . 102, p. 1984, and references in this Section for Feb. 1916.
)1900.1907.1908.1909.
1910. ’ l l -'14. 1915. '16. 1917DXV1S.—
2 qn8
8 yrly
8
8
On common. %4 8
8
8 8
____
4
10
6
Extra cash. . - I ...................... 2
—
10
____
25
..
10
10
Extra stock. . . ] . .
On July 5 1916 6% extra in cash; also on Ju ly 15 1916 15-1000 o f a share
o f Thomas G. Plant Co. preferred stock (outstanding $2,500,000 each o f
common stock and $2,500,000 7% cum. pref. stock, (par $100) (V . 102,
p. 2250) as to each $25 share held on Juno 30, see V. 102, p. 2260. 2347.)
E A R N IN G S .— Report for year ending M arch 1 1916, In V . 102, p. 1984,
showed combined earnings o f Coro, and C o ., after deducting proportion
applicable to stock o f Co. not held by Corp., as follows:
Years ending Feb. 29 and Feb. 28—
'
1915-16.
Combined net earnings____________________________ $6,138,433
Cash dividends paid, common and preferred____ 5.853,658
Rato paid on common stock______________________
(18% )
1914-15.
$4,861,092
2,867,443
(8 % )
Balance, surplus, for year---------------------------$284,775 $1,993,649
D IR E C T O R S .— Sidney W . Winslow (Pres.), Geo. W . Brown (V .- P .).
W in. Barbour (V .-P .), W m . Warren Barbour, Louis A . Coolidge (T reas.),
E. P . Brown (Asst. Treas.), Edmund Le B . Gardner, J. H . Hanan. E . P.
Howe, E. P . Hurd (V .-P . Sc Asst. Treas.), G. E . Keith, J. C. Kilham ,
R. M a tz, W . F. Robinson (V .- P .), Chas. G . Rice. A . R . Turner, Samuel
W ell, J. IT. Connor (V .-P .), Henry B. Endlcott, Sidney W . Winslow Jr.,
William Woodward. Sec. Is H . G . Donham o f Boston. Albany B ldg..
Boston. Mass.— (V . 102. p.1902, 1984. 1998, 2260,2347 )
U N IT E D S T A T E S C A S T IR O N P IP E & F O U N D R Y C O .— O R G A N I
Z A T IO N .— Incorp. in N . J. M arch 13 1899. V . 81, p. 233; V. 69. p. 757:
V . 7 1, p. 1124. Properties, rights o f stocks, &c., V . 85, p. 157, 1522;
V . 103, p. 1709.
S T O C K .— Stockholders on June 23 1915 voted to cancel and retire the
51,000,000 stock in the treasury o f the $12,500,000 each o f common and
pref. issued. V . 100, p. 1836, 2015: V . 101, p. 218.
D IV S.) •04.’0 5 .’0 0 .’07. ’08. ’09. '10. ’ I l . ’ 12. '13. ’ 14. *15. ’ 16. 1911
7
7
344 5 > 4 6
2 ) 4 2 4
2
0
2
Pref% \ 4)4 8
1 4
4
— ---------None------------- . .
._
-
Com .1 0
T h e company in Feb. 1917 declared a dividend o f 5% on the prof, stock,
payable in quarterly installments o f 1 A % beginning M arch 15. T h e ques
tion o f declaring an additional 2% to make 7% for tho year, was deferred
until later in the year.
E A R N IN G S .— For 7 months to Dec. 31 1915, $305,789, against $75,599
for fiscal year ended M a y 31 1915.
R E P O R T .— Report for year ending M a y 31 1915. with balance sheet, in
V. 100, p. 2164, showed: T o ta l income, $319,070; int. on bonds, & c.,
$147,472: reserves. $90,000: bal. sur, for year, $75,599. T o ta l surplus
M a y 31 1915. $253,017: $1,700,000 carried as “ working capital reserve."
Fiscal year changed to end Dec. 31.
O F F IC E R S .— Pres., L . R . Lemolne; V .-P ., Geo. J Long; Sec. & Treas.,
B. F . Haughton, 71 Broadway.
D IR E C T O R S .— Geo. B. Hayes, Colgate H oyt, Colgate H o y t Jr., A . O .
Overholt. B. F. Overholt, E. O. Fuller. George J. Long, P. J. Goodhart
Jr., W . T . O. Carpenter, B. F. Haughton, N . F. Brady. J. C. Brady. F
H . Stevens and L . R . Lemoine.— (V . 102, p. 350: V. 103, p. 1597, 1709;
V . 104, p. 669.)
198
M IS C E L L A N E O U S C O M P A N IE S
[F or abbreviations, & c., see notes on first page]
United States Envelope— Common stock $1,000,000---------Preferred stock (a & d) 7% cumulative $4.000,000______
1st M g part yrly rod 104 aft Dec 1919----------------O Bzc*
U n ite d States L ea th er Co— See Central Leather Co.
U n ited S tates M otor C o— See M axwell M otor C o. above.
U S Realty & improvement— Stock $30,000,000 autti----- N
Debentures $13,506,000 g conv to July 1 1908 red 105-N.c*
United States Rubber— Common ($40,000,000 authorized). .
First preferred (a & d) 8% non-cum (see t e x t ) _____
.Second pref (not as to assets) 6% non-cum (see t e x t ).
Flrst A R e f M tge (see text) call 105 after 1919_____ y
Underlying Sub-Company Bonds—
Coll trust sink fund mtge 530,000,000 gold red 105-Ce
General Rubber deben $9,000,000 g gu p & I red 105.
Morgan A W right debentures gold guar 85,000,000 call 105Eureka Fire Hose M fg Co debentures_______________
Mechanical Rubber Co 1st M call (s f 8459,852)........
Canadian Consol Rubber Co Col T r call 110___________ c*
Debentures gold call 105 (V 102, p. 978)_______________
U S Smelting. Refining A Mining— Com stock 537,500,000.
Preferred (a & d) stock 7% cumulative $37,500,000______
Convertible gold notes callable at 110 & in t___________ c*
Date
Bonds
1908
1904
1917
1908
1915
1915
1908
1906
1915
1916
Par
Value
Amount
Outstanding
$100
100
1 000
100
1,000
100
10U
100
100 &c
Rate
%
When
Payable
BONDS.— The first mortgage 5% serial gold bonds of 1908 ($2,500,000
authorized Issue) mature Dec. 1 yearly from 1910 to 1937. In N ov. 1908
$2,000,000 were sold (falling due 550.000 yearly from 1910 to 1924. $100 000
from 1925 to 1929 and $150,000 1930 to 1934 . V. 87, p. 1360, 1163.
R E P O R T .— Year ending Dec. 31 1916. in V. 104, p. 669, showed:
Calendar
Net
Bond
A d j.In v . P f. Divs. Com.Divs. Balance,
Year—
Profits.
Interest. A cct.& c. (7 % ).
(7 % ).
Surplus.
1916.......... $1,861,329 $84,791 $705,842 $280,000 $52,500 $738,949
1915 .............. 679.441 87,291
34,700
280,000
52,500
224,949
O F F IC E R S .— Pres., C. H . Hutchins, Worcester, Mass.; Treas., Wm. O.
D ay; Sec., W . M . W harfield, Springfield, Mass.— (V . 101. p. 669.)
U N IT E D S T A T E S E X P R E S S .— In liquidation.— (V . 100, p. 1508;
V . 98, p. 933; V. 101, p. 928,1374; V . 102, p. 1816; V. 103, p. 1894.)
U N IT E D STATES R E A L T Y & IM PRO VEM EN T C O — O R G A N IZ A
T IO N .— Incorporated In N. J. on May 26 1904 and In May 1906 had acquired
per plan In V. 78, p. 2019, $32,750,200 of the $33,198,000 common stock and
526,596.200 of the $27,011,100 pref. stock of the U. S. Realty A Construc
tion Co. See list of assets, Ac., In V. 80, p. 2340; also statement to N . Y .
Stock Exch., V. 75, p. 1200. Sec V. 77, p. 297, 953, 2103, 2396; V. 78.
p. 51; V. 82, p.1274; report, V . 86. p. 1465; V. 92, p.1433; V .8 5 , p. 1344,
1406; V. 90, p. 307. 633. Owns $403,300 of $2,000,000 Alliance Realty
Co.stock. V. 81. p. 1798; V . 82. p. 1209; V. 83. p. 822: V. 90, p. 1422.
S E C U R IT IE S .— Of the stock $13,506 000 Is reserved for conversion of
the bonds. No general mortgage can be made without first securing the
der entures by mtge. In Apr. 1911 the company had purchased $1,354,000
of the debentures, reducing the amount to SI 1,930.000. V. 90, p. 241,378.
Bill- payablo as o f April 30 1916, $2,100,000 (partly secured by collateral),
agaiust $1,212,000 in 1915.
D IV ID E N D S .—
(1907 1908 1909 1910 to 1913 1914
1915
1 er cent_____________ ( 4)4
4M
4 )i
5 yearly
3)i
1 .0 ,0 ,ln N o v . 1914 tho dividend was omitted to consorvo cash rosourcos. In
Feb 1915, 1% was paid. In M a y 1915, no paymont. V. 99, p. 1150;
V. 100, p. 235, 1354. Status July 1915, V. 101. p. 375.
R E P O R T .— For year ending April 30 1916, V . 102, p. 1984, showed:
----- ----------------- "
1913-14.
1912-13.
1915-16.
1914-15.
$3,559,303
Total earnings.............. $2,600,838 $2,904,504 $3,419,609
2,078,062
N ot earnings.................. 1,197,349 1,404,636
1,919,038
Interest on deb. bonds..
596,500
596,500
596,500
596,500
D ivid en d s...... .................................. (2)i)363,663 (5)808,140
(5)808,140
Surplus......................
$600,849
$444,473
$514,398
$673,422
D IR E C T O R S .— II. S. Black (Chairman), Frank A . Vandorlip, Paul Starrett, F. M . Sanders, Wilson S. Kiunear, Frederic W. Upham, Franklin
M urphy, It. G. Babbage, Harry Bronner, John F . Harris, B. M . Fellows,
John D. Crimmins, Charles E. Herrmann and W m . O. PoilloD: Pres.. W. S.
Kinnear; V.-Ps., It. G. Babbage, W . A . Merzlman. Paul Starrettaiul H. O.
Winsor; Sec., R. G. Babbage; Treas., B. M . Fellows. Office, 111 Broad
way, N . Y . — (V . 100, p. 1828: V. 101, p. 375: V. 102, p. 1984, 2082.)
U N IT E D STATES RUBBER. — O R G A N IZ A T IO N A N D P R O P E R T Y .
— Organized In Now Jersey in April 1892. V. 55, p. 1039; V. 56, p. 539;
V . 71, p. 545. Directly or through Its subsidiaries Is engaged in producing
rubber footwear, rubber-soled shoes, waterproof clothing, druggists' ruboer
goods, hard rubber products, Insulated wire, tires, belting, packing, hoso
and other mechanical rubber goods, there being over 40 mills in operation
situated In Connecticut, Illinois, Massachusetts, Michigan, N ew Jersey,
Indiana, Rhode island, Pennsylvania, Ohio and Canada. Through Gen
eral Rubber Co. tho company owns In Sumatra one o f the largest rubber
plantations in tho world, the production from which Is being rapidly devel
oped, with over 5,000,000 rubber trees, o f which 2,592,898 wero bolng
tapped in N o v. 1916. V. 103. p. 1700.
On Dec. 31 1915 owned all except $283,665 pref. and $206,835 common
stock o f Canadian Consol. Rubber C o., whoso shareholders wero to vote
Feb. 14 1917 on making a mortgage for $8,000,000. V . 104, p. 364, 259;
V. 89, p. 1673, 1599; V. 90, p. 451, 1293; report for 1915, V. 102, p. 1624.
Owns over 90% (all except $43,300 common out o f $16,941,700 and
$1,489,000 7% cum. pref. out o f $10,351,400 on Dec. 31 1915) o f Rubber
Goods M fg . Co. Rubber Goods M fg . report, V . 102, p. 1432. Prices
Dec. 1916, V. 103, p. 2161.
D l V.(sinco'04-1904. 1905. 1906-’ 10. 1911. 1912. 1913. 1914. 1915. 1916.
Common, % (---------- None---------1
4
5)4
6
3
None
First pref, % (8 yoarly (2% Q.-J. 31) to and including Jan. 31 1917.
2d pref____ % [6 yearly (1 )4 % Q.-J. 31) to and including Jan. 31 1917.
Pres. S. P. Colt In Jan. 1917 said: “ Th e 1916 earnings (see below) appli
cable to the common stock wero nearly double tho highest rate o f dividend
over paid on the common stock, which was 6% . It Is evident that there
can bo no question about tho continuance of tho preferred dividends, and
furthermore,that ovon with only normal conditions, the company will bo
able to oarn'a substantial return on tho common stock.”
V. 104, p. 262.
B O N D S .— In Jan. 1917 tho company sold $60,000,000 First & Ref. M .
5% bonds, covering property owned directly or through subsidiaries, to
provide for all maturing obligations up to Jan. 1 1918, for the funding
o f current indebtedness (about $25,000,000), and additional working capi
tal. A ll existing bonds and Hens upon tho properties o f tho company or Its
subsidiaries, aro provided for by this Issue, except $9,000,000 debentures
o f the General Rubber C o., which aro to bo left undisturbed for the present,
as the company has under consideration other plans for dealing with Its
important crude rubber interests, and $2,600,000 bonds o f the Canadian
Consolidated Rubber Co., Ltd ., which aro not duo until Oct. 1 1946. See
offering, Ac., V. 104, p. 154.
Th e First & Ref. M tge. (V . 104, p. 154) is now limited to S97,252,900
(being tho par amount o f the full-paid pref. stocks and com. stock outstand
ing on Jan. 15 1917), except to tho extent o f any Increase in tho authorized
amount o f said bonds which from time to time thereafter may be consented
to by tho holders o f tho pref. and common stocks; and for the future It Is
limited to said amount- plus the par amount o f any additional stock Issued
at not loss than par for cash actually paid In. Bonds, however, additional
to the Initial $60,000,000, can be issued only with tho consent of Ivuhn,
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
$750,000 7 In 1916 M A S Sep ; 1 ’ 16 3)4% Old Colony Trust C o , Bos.
do
do
4.000.000 7 in 1916 M A S Sopt 1’ 16 3 ) j %
do
do
J A D Dec 1 1917-34
1,650.000
5 g
16.162,800
11,930,000
36.000.000
60,233.900
420,300
60,000,000
Q— F
Seo text
J A J
5 g
Seo text Q— J
8 in 1916 Q— J
6 in 1916 Q— J
J & J
5g
J A D
1,000 &c 16,000.000
6 g
l.ooo
9,000,000
J A D
5
J A D
1,000 5,000.000
5g
J A D
970,000
5
J A J
687,000
6
500
A A O
6
100 Ac 2,600,000
J A D
5,000 2,500,000
5
5
(J 17,555,750 See text
Q—J
50 21,317,500 7 in 1916 Q— J
F A A
500 Ac 12.000,000
6g
U N IT E D STATES EN VE LO PE .— Incorporated In 1898 In Maine. V. 66,
p. 1003. Capacity 1908 over 20.000.000 envelopes dally. V . 87, p. 1360,
In April 1916 the Independent Envelope Co., In d., was purchased.
V. 102, p. 1442.
D IV S . ’01. ’01-’05. ’06. ’07-’08. ’09. ’ 10. ’ 11-’ 12. ’ 13. ’ 14 to Sept. ’ 16.
P re f % 5 Vi 6 y ’ly. 5)4 6 y ’ly, 9 H
8 9)4 y ’ly 11)4 7% y ’ly-3)4 s.a.
..
____
..
..
..
____
2)4 7% y ’ly-3)4s.a.
Oom % ____
[V o l . 104
IN D U STR IA L STOCKS AND BONDS
Fob
July
Apr
Jan
Jan
Jan
1 1915
1 1924
30 ’ 15
31 ’ 17
31 ’ 17
1 1947
1% Checks mailed
Office 111 Broadway,M'S
1)4 Office 1790 B’ way, ft Y
do
do
2%
1)4 July ’ 15 coup. pd.
Now Y ork
Deo 1 191.8
Dec 1 1918
Dec 1 1918
Dec 1 1918
Jan 1 1918
Oct 1 1946
Dec 1 1918
Jan 15 ’ 17 2)4%
Jan 15 ’ 17 1 %
Fob 1 1926
Central Trust Co, N Y
First National Bank. N V
Indus T r Co, I’ rov, R I
N ow Y ork
Columbia T r C o, N Y
Bank o f Toronto, M o n t’l
l ’ rovldonce Ind T r Co
Checks mailed
do
Boston and Now Y ork
Loob & Co. and (except for refunding) only whon tho total unencumbered
quick assets exceed the aggregate dobt o f tho companies and their total
annual net Income for three fiscal years just preceding Is three times thetotal annual Interest, Including tho bonds then to bo Issued. O f tho addi
tional bonds, $11,600,000 are reserved to retire tho $9,000,000 General
Rubber Co. 5% debentures, duo Dec. 1 1918, guaranteed by U. S. Rubber
Co. and Rubber Goods M fg . Co., until otherwise provided for, and tho
$2,600,000 Canadian Consol. Rubber Co. bonds, duo Oct. 1 1946.
Sinking fund for First & Ref. M tgo. bonds from Jan. 1 1919, 10% annu
ally upon all tho bonds outstanding or retired to repurchase bonds at or
below 105 and lnt., othorwlso to bo credited to sinking fund o f following
years.
Tho General Rubber C o., with $10,000,000 stock, tho crude rubber sub
sidiary. in June 1915 sold $9,000,000 5% bonds, guar, by U. S. Rubbor and
Rubber Goods M fg . companies, to retire tho 4 ^ s duo July 1 1915. V. 100,
p. 2013; V. 81, p. 36. 1103; V .8 2 . p. 1100; V. 83. p. 690; V. 93, p. 734, 1791
V. 95. p. 1544.
,
Morgan A Wright, owning tho large now tiro plant at D etroit, in Dec.
1915 mado an Issue o f $5,000,000 debentures. Soo M . & W . abovo and
V . 102, p. 71, 1816.
R E S U L T S .— Official statement Jan. 22 1917 as to now bonds, shows;
Sales and Net Earnings of Company and its Subsidiaries.
(1916 Partly Estimated).
1914.
1915.
1916 (cst.)
Total sales........ ....... ........................ $83,678,812 $92,861,016 $125,000,000
N e t earns, available for Interest____ 10,690,988 11,539,313
12,500,000
Interest charges of tho company and subsidiaries. Including tho
present Issue o f $60,000,000 bonds and Interest on tho undis
turbed bonds o f Canadian Consolidated Rubber Co., L td.,
and General Rubber Co., but excluding Interest on obliga
tions maturing on or beforo Doc. 1 1918, and now provided
for, and on unfunded dobt to be paid by this Issuo would bo
less than____________________________________________________ $3,610,000;
R E P O R T .— For year ending Doc. 31 1915, In V . 102, p. 971.
---- Year end. Dec. 31----- 9 M os. end.
1915.
1914.
Dec. 31 ’ 13.
N ot sales, footwear, tires, mech., & c .$92,861,016 $83,678,812 $87,349,692
Total not Income....................... ......... $13,810,918 $12,088,469 $10,784,752
Interest on funded debt_____________ $1,706,6881 $1,908,650
$2,537,408
Interest on loans, notos, & c_________ 1,083,928/
Cash disc’t allowed customers (n o t).
1,766,660
1,646,690
624,241
Deductions for bad debts___________
375,253
271,220
311,875
Federal income tax__________________
182,301
170,371
171,103
Income charges (n e t)________________
338,508
223,314
-----
First preferred dividends___________ \ $4,795,538 $4,785,388 $3,518,092Second preferred dividend_________j
............ ............„ ......... ..... .... .
Common dividond__________________ (1 H ) 540,000 (6)2,160,000(4)4) 1620000'
Divs. to m inority st'kh'd’s (sub. cos.)
139,995
200,885
190,765
Surplus for period__________________ $2,882,048
$721,951 S I,811,268
— V . 101. p. 928.
.
N et earns. 6 mos. to June 30 1916, after all int. charges, wore $4,920,650
D IR E C T O R S .— In connection with financing In Jan. 1917 tho following
w ill be added to board, representing new interests: W . S. Kies, Vlce-ITcs.
o f the American International Corp.; C. B. Seger, Vico-Pres. o f tho Union
Pacific R R ., and J. S. Alexander, Pres, o f tho N at. Bank o f Commerco, N . Y .
Samuel P . Colt. I I . E. Converso, Jamos B. Ford, James Deshler, Henry
L . Hotchkiss, Lester Leland, Nicholas F . Brady, James O. Brady, W alter
S. Ballou, Middleton S. Burrlll, Francis L . Hlno, Samuel M . Nicholson,
Wm. 11. Truesdalo, Raymond B. Price, Homer E. Sawyer, T’ hco. N . Vail
and Elisha S. Williams. Pros., Samuel P . Colt; V .-P ., James B. F ord,
Lester Leland, Raymond B. Price, Homor E. Sawyer and Elisha S. W il
liams; Troas., W . G. Parsons; Sec., Samuel Norris. N . Y . offico, 1790
Broadway, cor. 58th St.— (V.103, p. 948. 1709, 2161, 2245; V. 104, p. 78.
170, 262, 368, 669.)
U N IT E D S T A T E S SA 1E LTIN Q . R E P IN IN O & M IN IN G C O .— O R
G A N IZ A T IO N .— Incorporated Jan. 9 1906 in M aine and has acquired
control o f extensive properties (compare V. 82, p. 105), Including (a) mining
properties located at Bingham and Eureka, Utah, Eureka, N ov., Chloride
and Gold, A riz., Kennott, Cal., Mexico, A c., producing copper, load, zinc,
silver and gold, (b) U. S. Metals Refining C o., which has at Chrome,
N . J ., an electrolytic copper rofinory with a capacity for refining 240,000.009
lbs. o f coppor annually and a copper smelter, annual smelting charge 200,009
tons, also at East Chicago a plant with an annual capacity for refining 72,
000,000 lbs. o f lead, (c) Through U„ S Smelting C o., lead smelter at M id
vale, Utah, smelting chargo 481,800 tons yearly, and zinc smelters at A l
toona, La Harpo, Kan., and Chocotah, Okla., combined capacity, 102,009
tons o f ore a yoar. (d) Through Utah company and subsidiaries, coal mines
producing in Feb. 1916 about 800,000 tons of coal annually, and also tho
50-milo standard gauge Utah Ity. (w holly ow ned), connecting tho coal miuos
with tho Denver A Rio Gratido R R ., which operates tho road.
Leading
Stock
Public
Property— A nnual Capacity
Subsidiaries— Issued.
Holds.
Mines, Smellers, dec. (1916).
U. S. Smolting_$ 1,000,000
Nono Bingham, load smelt., 481,800 tons
U .S.M etals(
Zincsm elt., 11,100 tons
R e f Co., |p r c f.l.550.000 $506,700 Nono Ref. copper, 210.000.000 lbs.
C h r o m e ,(c o m .1.550.000
505.000 None Ref. load, 72,000,0000 lbs.
N . J., Ac. 1
Cent.-Eureka-- 2,500,000
$500 Eureka (mined 49,530 tons 1915)
M a m m o th ____ 1,500,000
Nono Konnett (mined 296,673 tons 1915)Gold Road____ 1,574,555
Nono Gold Road (minod 96,272 tons 1915)
Needles M .& S .
3,374,435 None Arizona (mined 47,897 tons 1915)
Cia do Real del
M onte y Pach u ca........ pf. 2,554 sh. 20 shares Moxico
Itichm.- Eureka 3,600,000 1,271,845 Eureka (not in operation In 1915)
N iagara........ .
650,005
41,873 Bingham, Utah (boing developed)
Utah Co. (coal)
5,000,000 Nono Utah (produced in 1915 707,559
tons coal)
Th e Utah Com pany, togother with tho U. S. Smoltlng, Refining & Mining
Co., owns all the shares o f the Consolidated Fuel C o., tho Black Hawk Coal
Co., the Panther Coal Co., and 57.8% o f tho shares of tho Castle Valloy
Coal Co. Theso four companies are In tho process o f being united into ouo
company called the United States Fuel Co. Tho four coal companies own
8,016 acres o f coal land, estimated In Feb. 1916 to contain 123,000,009 tons
o f coal in one seam alono. Tho share o f tills belonging to the Utah Company
is 103,090,000 tons. These coal minos in Fob. 1916 wore producing about
700.000 tons or coal a year and aro opened and partly equipped to produco
3,000.000 tons a year whon tho market requires It.
F e b ., 1917.]
M IS C E L L A NEO US CO M P A N IE S
lEor abbreviations, &c., see notes on first page]
Dale
Bonds
Last Dividend
and Maturity
United States Steel Corporation— Com stock $550 000 000
Preferred (a A d) stock 7% cumulative $400,000,000
Coll trust intec/redeemable at 115 s f (see t e x t). Us xc’ *"&r
$304,000.0001 not redeemable s f (see text)
x e * Ar
“ Sink fund” coll tr 2d M $250,000,000 g red (text) u Y x o* Ar
Illinois Steel deb$30,000.000 e gu red 105 b c g A o f 15Nxc* Ar*
Bonds of Cos. Controlled— (Additional to those In text.)
Union Steel Co— See second page preoedtng
The Nat Tube 1st M $15,000,000 g gu red 105 beg'16N.xc* Ar
Ind St 1st i t $40,000,000 g gu red 105 beg N ov TO l x c ^ r *
f t S a E £ prr?a IK l 1 mt* e S ?u S 100.000 y r ly ____ PPi.xc*
„ce
ft
iflrSit ^ i 8 fruar 5100.000 due y e a rly ..U P i.x c *
'n
St Clair Terminal R R first mortgage
x
Elgin Joliet & Eastern first mtge ($10.OO'O,000)~goIdVcY.xo*
Chicago Lake Shore A Eastern 1st M guar red 110 1919..x
Du uth & Iron Range first mortgage....................Mp.zoAr
Union R R first mortgage _
Duquesne equipment trust due" Sil^OOO yeariy(M ar.)
Mifflin Equip Trust, due $120,000 yrly Aug beg 1921.x
Munhall Equip Trust due $75,000 yrly June bog 1923.x
Monongahela Southern first mortgage guaranteed_______ x
Connellsvllle A Monongahela R R 1st M ........................... x
A m erSS 1st M g gu p & 1end s f (V 7 4 , p 1140)____ IC.zc&r
H O Frick Co mtge s f red 105 $100,000 yrly July 1 _.F P ix
PItts-Mon pur money M gu due $600,000 y ’ly .U P i.x c *
Rlsdon Iron Works 1st M $000,000 red 10214____________ z
Pittsburgh Bess A Lake Erie R R , Bess A L E and Duluth
R E P O R T .— For year ending Dec 31 1915 was in V. 102, p. 1714:
P R O D U C T IO N A N D E A R N IN G S OF A L L C O M P A N IE S FOR Y E A R
(.Incl. Custom Ores.)—
1915.
1914.
191.3.
1912.
Copper, lbs______ 26.923,674
H ’^lo'onn 20.2.39,973 21,152.620
Load, lbs............. 87,102.179
’oln 'o§9
Silver, o z .......... ............ 12,071.863 6o ’V36'237 58,116,504 56.385.769
9
13,089,708 12,059,829
Gold, oz_________
196,481
124,719
148.372
140.183
Zinc lbs..................
34,105,471
N e t earns., after repairs. $7,579,184 $2,932'519 $4,57575'122
$5,497,965
Deprec. & reserve funds.
986,860
666,878
969.536
1.265.000
Additional reserve_____
888,900
235.000
Prof, dividends (7 % )_ 1,702,225
1.702,221
1,702 144
1.702.120
Common dividends_(114)263,336
(3)526,671 (6)1.053,322 (5)877,763
“
,s 25 l ®
$36,749
$830,120
$1 418 082
SJ Ef , L C O f P O R A T I Q N . - O R a A N - I n c o ™ . In
v . i u i, p . 115J, v . lUo, p. 1597. Wage increase, N ov. 191G, V. 103, p. 1987.
1“ b l a s t f u r n a c e s onl'nlm arfh
>7
Prf?PertleS 0W?C Deo- :!I ID 15 were
n1
verters l i “ tecl mil 60 bar
u t,11 I urnac?f, an,d 35 Bessemer steel con20 plate mills; 78 m erchant’mills, producing har ' 1 o n '*st ee I** &c * Pi‘ q4 ’ hot’
r
tube ’ mlHs;
t i n 'plate‘ m ll*^ ^02brfc?ff0™^1i*’a^ rO
,^reI^®^i
surface and 22,153 beehive coke ovens ' Ac In Pa and u '" v ? 7°
product coke ovens at Benwood.
i l r i l l
8n 7
and Gary, Ind.: 28 coal plants not connected with coke^nlatfls- oV.’ fiTs
natural' gas‘ hrmN T c “ “ a l s o ^ u ^ ’ ' ^ d 8 a k e ° v ^ . nlo .’e
W'l
1
owimdnni^ °7 3 ^ <
^CTe8^0
ml*oroM*AtSves^*ln^:^ m^nora^^Hi surf^e^nte7est«
only" oWned.' 9 692 “ cr” ; 2,974 & 1 , v ± T c ^ i n ' n'ee° ‘
0
S e e 'V *"l()!fl\)a<2348<' C al la" d 1U Greonc C o -> Ba., for about $6,'500,000.
> °
S
I to c in J ~ Ut>miarieS and Total S h a r e Practically A ll Owned.
o
Stock of—
Total.
Federal Steel, common. .$40,484,300 A m er. Sheet & T . P . corn .$24,500,000
do
0% p re f.. 53.260,900 Am Sheet A T .P i.,7 % p f. 24,500,000
National Tube, common. 40.000,000 L. Superior Con. I. Mines 29.887.400
do
7% p re f.. 40,000.000 -Shelby Steel Tube, com . 8,1.51,500
Amer Bridge C o............ 10,000,000 _
do
7% pref. . 5.000.000
Amer. St. & Wire, c o m .. 50.000.000 1 enn. Coal, Iron A R R — See that co
„
do
7% p r e f.. 40.000,000 Union Steel Co...... ......... 20.000,005
Carnegie Steel Co............ 65.250,000 Clalrton Steel Co............ 3.500.000
Amer. Tin P la t e ............
25.000
Government report as to assets, Ao.. V. 93 p HO 79
Co $4 5 O O n n n J Z ok, V'.PS ,tllu f nJ ,e capltal stook of the new Union Steel
O
.Il'
Sce'th u comnanv n n T 5% b^ n,is bclng R
3la™ntced, principal and Interest
v 78 n 117? V ° ? a preceding page. V. 75, p. 1359; V. 76. p. 107 516*
(WO bonds 17 In in n n «
aCqu,I e G,a,rtpn Steel Co., guaranteeing $10,230
u
o
Diiu bonus, in 1908 purchased Schoen Steel Wheel Co. V . 87. p. 101. 229
^Output of Companv^in^XOR), Gross Tons (see V . 102, p. 1069'
Iron o r e .. — . . . . . . .
93 660 e 7a Steel r a ils __________ 7
1 1 29 832
Pig Iron, splegel, & c . . : i ' i 3 ’(111 50s Finished structural workZ
476,896
Bessemer steel__________ 5
os Plates and sheets_________ 2,342,919
Open-hearth stool____ Z IIlO 792’29'i Wire and wlro productsll 1.771 91.5
C oke. manufactured____114 ,5 60'818 Blooms, slabs, billots, A c. 1 401 413
’
Coal (not used for c o k e ).. 5!h28!‘278
841
8
in April i^ui) me luumna otccl Co. bevan to build
new nhnf it
in
r./ikc County, Ind . to cost about $115,000 000
T o Dec
nnrwinn
had been set aside from earnings, but In Mob 1912$ 15 000 0(V1 horids n w e
575,: o'3717,V>’ q 'T i^ r V m 'v VS3
^ ^ 0 lu M D S 0^ ! ^ 0 " ^ 82" ^
tho Canadian Steel Corp., Ltd,, was incorporated In Canada with $20 0001
000 stock to build a plant at OJibway. Ont., oppos te^ Detroit M ich * fhrit
cost estimated at about $20,000,000. V. 96. p. 207. 873. 1845
The nmv
V lo '1 (n 170*i P o s " ^
fnn' I?
see clwcrlntlon o f same.
• 1 )-, p. 7-, V. J8, p. 9-4, V • 100, p. 991. In June 1915 ft was decided
Office Empire Bldg, N Y
do
do
J P Morgan & Co, N Y
do
do
do
do
Office Empire Bldg N Y
May 1 1952
May 1 1952
Aug 1918-39
T o Jan 1 1925
Feb 1 1932
May 1 1941
June 1 1969
Oot l 1937
•Sept 1 1946
T o Mch 1 1923
Aug 1 1921-32
June 1 '23-’34
Oct l 1955
Sept 1 1930
N o v 1 1920
July 1 1917-18
July 1917-1944
July 2 1917
es under R R s—
E A R N IN G S .— Official statement o f Dec. 28 1916 (V 103 n
showed: net earnings for 11 months to N o v . 30 1916 as $8 155 587 after
providing all interest charges, including interest on the $12,000,'000 notes
n?g J o k in g reserves for depreciation exploration. &o., being at the rate
o f 7% per annum on tho preferred stock plus 41 % on tho common.
Balance, surplus........ $3,737,863
Places Where Interest and
Dividends are Payable
M a r 13 '17 3%
Feb 27 '17 1H
Apr 1 1951
Apr 1 1951
A pr 1 1963
Apr 11940
D IV ID E N D S .— 1907. '08 to ’ l l . 1912. 1913. 1914. 1915.1916. 1917
4 yearly
5
6
3
IH
8)4 T ext
On common, % ____ 634
Jan., 1917, quarterly, 2 H % . V. 103, p. 2436.
**
N O T E S .— The co. sold In Feb. 1916 (V . 102, p. 615. 1714) $12 000 000
10-yoar 6% Convertible Gold Notes, dated Feb. 1 1916 and duo Feb’ 1 1926
convertible at any time, at the option o f the holder. Into common stock
on the basis o f $75 in notes for each share (par $50) and callable as a whole
at 110 and int .o n anv int. date upon 60 days' n o t ic e b u t if so ca lledm ay
bo converted at any time prior to dato o f payment. Th e proceeds o f these
notes, together with other funds on hand, retired the $4 000 000 5% notea
o f the company and the $10,000,000 Utah Co. 6% n o t T ’( g u a r a n t^ d f
called for redemption on Juno 1 and April 1 1910. respectively thus
reducing the funded and guaranteed debt by $2,000 000
T ho com nan v
has no mortgage debt, and (except in the case o f the Utah Co ) “ here is
no mortgage debt on the properties o f any o f the subsidiary corporations in
which the company owns a majority o f the stock. N o mortgage may be
mado by the company without equally securing those notes. a5d none mav
bo made upon any o f tho properties o f its subsidiary companies oxcent on
the coal properties controlled by tho Utah Co. and on tho Utah Raflway
N T ™
199
IN D U S T R IA L STOCKS A N D BONDS.
Office Empire Bldg, N Y
do
do
Colonial Tr, Pitts & N Y
Union Trust Co. Pittsb
Pittsburgh Trust C o,P itt*
Office. Empire Bldg, N Y
do
do
do
do
Fidelity Title ATrCo, P It tr
Home T r Co, N ew Jersey
do
do
do
do
Office, Empire Bldg, N Y
Office, Carnegie B id,Pitts'
Illinois T r & Sav Bk. Chic
Bk of Amer. N Y ; or Pitts
Union Trust Co, Pittsb
Mercan T r Co, San Fran*
For other bonds see text
to build near Pittsburgh a plant for manufacture o f zinc and by-products
including sulphuric acid, to cost from $2,500,900 to $3,000 000
V 100
p. 2091. Capital expenditures of $90,900,000 were proposed in Dec. *1915 ’
lIi.9judln:i> lfc Is understood, $25,000,000 on tube plant at Gary. Ind
V
102, p. 981. V . 101, p. 1719. Wage increase in Jan. 1916, V. 102. p. 25/7
D IV 3 .— f ’06. '07.'08. '09. '10. 'll- '1 3 . '14. '15.
1916.
1917.
Com m on.% 1 1 ^ 2
2 2)1 5H 5 yrly. 4 Vi . .
7 (text)
T e x t.
P referred .% (T o Fob. 27 1917. 7% per annum (154% quar.)
In Dec. 1914 the quar. dividend on common was reduced from l k to
I f of 1%. and thereafter omitted till Feb. 28 1916. when resumption took
place at the 1 M % quarterly rate. In Sept, and Dec. 1916 an extra 1 % was
paid on the common stock, making 2 X % . In M a r. 1917 I M % and 1 U %
extra wera paid. V. 104, p. 459.
B O N DS. —The collateral trust b% bonds of 1991 were secured by al) t h f
securities owned: $154,000,000 only (series A. C and E) are subject to cal
of series A C and E bonds to be drawn by lot." In Aug. 1916
S55.o63.000, not included in amount out, were alive in sinking fund
In
heb. 1916 some $22,800,000 o f English holdings had been repurchased it
was said, for use from time to time for sinking fund purposes. V. 102 d 717
Hie coll, trust sinking fund 2d mtge. 5s of 1903 (V . 74 p 584 73.3*
892 V. 70. p. 545) are next In rank and similar In form to the 5s o f 'l 9 ( ) f
l 'iey are subject to call after ten years from date at 110 aDd Int. In whole
or part (If the latter to be designated by lot and coupon bonds to be releemed first). An annual sink. fd. of $1,010,000 will provide for retire
ment of the bonds. The sinking fund was used until Apr. 1 191.3 In pur
chasing bonds at not over 110 and Int., or Invested In securities; since Apr 1
1913 bonds may be drawn by lot, coupon bonds to be first redeemed
All
bonds purchased are to remain alive and draw Interest. No foreclosure
proceedings can be brought for default (In payment of prln. or Int ) contin
uing for less than two years. In Aug 1916 about $18,247,000 not Included
In table above were held alive in sinking fund.
In 1903 $150,000,000 pref. stock was exchanged. $ for $, for second mtge
oonds. $20,000,000 of the bonds being also sold at par to provide for lrn
-^
iroveraents and $30,000,000 exchanged In N ov. 1907 for Tenn. Coal Iron A
R R . com. stock. Final $50,000,000 (of the authorized Issue of S250.000 000
Id 5s of 1903) Is applicable for exchange for preferred stock. See V ’ 76
J. .334. 439, 545, 1147. 1200: V. 77. p. 717, 827, 1536, 2039- V 78 d
1173. 1786: V. 79. p. 1283; V . 85. p. 1212, 1282; V . 86! p 730
In June 1911 It was arranged to purchase through the H . C. Frick Coke
Co. 15.943 acres of coking lands and 1,408 acres of surface land Ac from
the Pittsburgh Coal and Monongahela Consol. Coal A Coke companies navment being made In $17,084,000 of an auth. Issue of $18,000,000 serial 5%
bonds, secured on the property and guaranteed, prln. and Int.. by the Steel
Corporation. V. 92, p. 1570; V. 93, p. 474. 875, 1108; V. 94. p. 846.
Of the Illinois Steel debenture 4 >*s of 1940 ($30,000,000 auth. Issue),
juar p. A 1 by U .S .S teel Corp., $6,900,000 were reserved to retire the de
.
bentures due April 191.3, $5,928,000 for notes due 1912-1919 held by U S
8teel Coro, and $1,558 000 for 75% of the cost of additions and betterments'
*18.614.000 were outstanding M ay 1914. A ny mtge. must equally se-’
cure them. See V. 93. p. 289: V .94. p. 986. 1191; V. 98. p .1699.
Of the Indiana Steel Co. 1st 5s. guar. p. A 1 ($40,000,000 auth. Issue).
.
ooverBi/the Gary (ind.) plant, $18,035,000 have been sold, the remaining
$21,965,000 being Issuable on new construction from Jan. 1912 at 75% o f
S?s t' ,
an,nuaIIy beginning M ay 1916. 1% o f bonds issued to
M a rol 19222and thereafter^
o
plus int. on bonds retirod. V . 98, p. 1699.
Of The National Tube Co. 1st guar. 5s (not the old co.. but the later one
organized to build the Lorain, Ohio, plant), the unissued $5,000,000 s i c
teserved for 75% of the cost of new construction. Ann. sink, fd begin
ning 1916. 1% of bonds Issued, plus Int. on bonds retired. V. 94, p 986 176 r.
Additional Bonds of Controlled Cos.— Interest. Outstanding. M a tu rity .
Host. Conn. Coke (V . 85, p. 1406)..z5 F . A A
$406,000 July 1 1942
Cont. Coke mtge., due S37.000 yearly. _z4 H A pril127 111.000 A pr. '17-19
Dewees IW .) Wood Co. 1st M. due)
5100.000 yearly beginning 1915— x/5 M. A N . 1.800.000 May '17-30
Schoen Steel Wheel Co. 1st M. g. gu. b y 4
. 105.x (5 g M . AS.
714.000 Mch .1
D $892,000 Dec. 1
-------6 J A
.1 7.30.000 Jan. 1
........ 6 J &
........ 5 J & D
160.000 Dec. 2 1931
Tonnage of Unfilled Orders (00,000 omitted)— (V . 101. p. 133).
----------On December 31— ---------—
---------------- 19161909. 1910. 1911. 1912. 1913. 1914. 1915. Jan. M a y . Aug. Sep. Dec 30
5,09 2.6
5,0
7,9
4,2
3.8
7.8
7,9
9,9
9.6 9,5
11,5
R E P O R T .— For 1915, V . 102, p. 1054, 1066, 1015. Preliminary, 1916,
V . 104, p. 448.
1916.
1915.
1914.
1913.
Year ending Dec. 31—
s
s
s
Gross sales and earns.. 1 .N o t
{726.6S3.589 558.414,934 796.894.299
R ep’rs,chgs.,sub.cos.,&cj divided (596,287,577 486.749,319 659.712.954
. N ot earnings............. 333,625,086 130,396,012
Sk.fd.ofsu b. cos .bonds'
1.660.798
1,990,373
1,950,198
do U.S. S. Corp. bds. 40,519,965
7,329,984
7,018,182
6,721,396
Depr. & cxtlng. funds
(reg. p r o v .)_________%
24,408,577 17,044,183 23,972.376
Set aside for const’n. &c(
____
15,000,000
Int. on U. S. Steel bonds 21,602,852 21,928,634 22,239,087 22,532,691
Depr. in inv. & adjustm. Cr. 129,626 Cr .765,814 Cr.124,978
787.698
D lv. on pref. stock (7 % ) 25.219,677 25,219,677 25,219,077 25,219,677
D iv. on common stock. 44,476,469
6,353,781 15,249,075 25.415,125
P e r c e n t..................... ______________________________________________ 5%
8j£ %
134%
3%
B a l., u ndiv. cams .sr.201.935.749 sr44,260.374 d f16,971.984 srl 5,482.184
D IR E C T O R S .— T n e directors are as follows:
t t,
A p ril 19l6‘
J. I . Morgan.
James A . Farrell.
Elbert H . Gary ( C h m n ),
George F. Baker,
George W . Perkins,
To A T ril 1917>
Samuel M ather.
Daniel G. Reid,
Tnomas Morrison,
John S. Phipps,
Robert Bacon.
To A p ril 1918.
Robert Winsor*
James R . Reed.
Henry C . Friek.
Percival Roberts Jr.
200
[V ol 104.
IN D U S T R IA L STOCKS A N D BONDS
M IS C E L L A N E O U S C O M P A N IE S
[ F o r a b b r e v ia tio n s , & c .. see n o tes o n f ir s t p a g e ]
D a le
Bonds
Par
V a lu e
Am ount
O u ts ta n d in g
R a te
W hen
P a y a b le
L a s t D iv id e n d
an d M a tu rity
$10 $10,244,900 See text. Q— M Dec30 ’ 10,35%
Utah Copper Co— Stock authorized S25.000.000-------- - - Eloctrlc Ra llway Section”
and
U tah Pow er & L ig h t Co— See Utah Securities Corporation below
30,775,100
U tah S e cu rities C orn— Stock auth $35,000,000 ( v t c t f s ) - - C g " M & S 15 Sept 15 1922
7,465,500
500 &c
Ten-yr gold notes red 101 see text------------------------------G 1912
Securities o f controlled operating cos— See text.
2.000.000 10inl916 Quar Apr 1 ’ 17 234%
100
Utica (las tc Electric Co— Common s to c k ------ ---------5
A & O Apr l 1942
1,000,000
1,000
Equitable Gas & Electric Co of Utica tlrst mortgage Ce.xc*
5
J &
J Jan 1 1950
834.000
1,000
1899
Utica Electric Light & Power 1st M s t 1 % y ea rly.-L q .xc
5 g
J & J July 1 1930
390.000
1,000
Herkimer Light & Power first mortgage gold red 110-N.xc* 1900
5 g
J o
ie J July 1 1957
3.350.000
1,000
1907
U G & El ret & ext M $5,000,000 gold------------------------*
100 15,000,000 See text Seml-an Oct 31 ’ 16 3%
Vacuum Oil Co— Stock, $15,000,000— ---------------- - — - - 100 27,984,400 See text, See text Fob 1 ’ 17, 54%
Virginia-Caroiina Chemical— Stk com $38,000 000 auth - -C o
100 20.011.810 8 In 1916 Quar Jan 15,1917 2%
Preferred (a & d) 8% cutn $30,000,000 auth-------------Col
5k J
A D Dec I 1923
t.ono 12.900,000
1st M (& coll tr> S15.000.000 auth sub to call text.C c.xxe^r* 1008
0g
A & O 15 M a y 15 1924
4.737.000
Sink fd debentures $10,000,000 g conv red text-E q .yc*& r* 1914 1,000 &c
7
A & O Apr 1 1933
447.500
100
Consumers Chem Corp p f stk (p&d) 7 % cum gu s r red 110
5 ;
M .v. S \lch I 1949
1,000
4.733.000
1800
Virginia Iron. Coal & Coke— M gold $10,000,000----- Ba zc
5g
A &
O Oct 1 1938
338.000
1,000
Carter Coal & Iron 1st M s t call 1 0 b ---— . - - - - - - - N - y y 1898
V irg in ia n Pow er C o — 1st & coll tr M call 105 & lilt.
5g
J & D Dec 11942
4.200.000
1,000
1912
$ 15,000.000 authorized........................... ........... N.xc*&r
6g
J & D Juno 1 1917
360.500
500
Convertible 6% gold notes $750,000 auth
.......... - - - - - - 1915
N ov 20 '13 21
100
1.600.000 See text Q - J
Vulcan Detinning— Preferred stock (p & d) 7% cumulative
O F F IC E R S .— Chairman, Elbert H . Gary; Pres., James A . Farrell;
V.-Prests., D . G. Kerr and John Reis; Sec. and Treas., Richard Trimble,
° » ,S
B :waybeN : Y . — (V . 104, p. 78. 170, 448, 458.)
U N IT E D S U G A R C O M P A N IE S .— V. 104, p. 263.
U TA H COPPER CO.— O R G A N IZ A T IO N .— Incorp. In N .J. Apr. 30 1904.
Owns about 740 acres on both sides of Bingham Canyon. Utah, a mill-site
of about 1.239 acres at Copperton. Bingham Canyon, a mill-site near Garfield
of about 3,358 acres; 685 acres In Utah County, mills, power plants, &o.
also $5,002,500 o f the $10,000,000 stock (par $5) o f the N evada Consol.
S T O C K .— Stock auth., $25,000,000; out Doc. 1915, $16,244,900; par,$10.
D IV ID E N D S .—
(1909.
1910 to 1914.
1915.
1916.
$3 yearly
*4 -25
Below
Since 1908 ...... ........ ............. 1S 2
In 1910 M ar. $1 50 and $1 extra was paid, In June and Sept. SI 50
and $1 50 oxtra. and In Dec. $2 50 and $1 extra.
E A R N I N G S — Y ea r 1916, V. 104, p. 669.
„ ,
Cal.
Production
Net
Other
Dividends
Balance,
Vrnr (000 nmit'd) Profits.
Incom e.
Paid.
surplus.
1916"-196,753 lbs. 33,649,651 $6,089,024 (120%>$19-493.880 $20,244,795
1915 .156,207 lbs. 14,806.966 3,106,51o (42H ) b,904,083 11,009,399
Pres. C . M . M a cN eill. N . Y .; Sec., K . R . Babbitt; Treas., J. M .H ayes,
Salt Lako C ity. N . Y . offlco, 25 Broad St.— (V . 104, p. 669.)
U T A H P O W E R & L I G H T C O.— See “ Electric R y . Supplement” and
Utah Securities Corp. below.— V . 102, p. 1998, 2172; V . 103, p. 1597, 179i.
U TAH
S E C U R IT IE S CORPORATION.— O R G A N IZ A T IO N .— In
corporated in Virginia in 1912. Strictly an Investment company, doing no
operating, but controlling the Utah Powor & Light Co. through tho owner
ship o f all its outstdg. 2nd pref. and com. stock, except directors shares.
A full statement as to the several properties, their finances, See.. was Ini toe
’ ’Chronicle" o f Juuo 5 1915, p. 1929-32, and condensed data V. 100,p.1828-29
Voting Trust fo r Stock o f Utah Securities Corporation.— Stock auth., 835,
000,000; outstanding, $30,775,100. all held in a voting trust terminating
Oct. 1 1922; voting trustees, R . E. Breed. Charles Hayden, S. Z. M itchell
(President o f Electric Bond & Share Co., N . Y .) and J. R . N u tt; Guaranty
Trust Co. o f N . Y . , depositary.
Note Issue, A c .— Th e 10-year 6% gold notes o f 1912, due Sept. 15, 1922
(but red. on any int. day at 101 and int.) are secured by pledge all securities
issued by Utah Pow. & Lt. Co. except $13,500,000 1st M . 5s and directors
shares. Authorized notes, $30,000,000. Tota l to subscribers and in part
payment for San Juan W ater & Power Co. ($290,000), $26,984,500, loss
retired, $19,518,000. V. 101. p. 1556, 1812; V. 102. p. 159; balance out
standing M ar. 31 1916, $10,158,500.
„
...
Securities o f Controlled Operating Cos. Held by Public (.See Llcc. Ry. Sec. )
O F F IC E R S .— Pre3.. S. Z. M itchell; Sec. & Treas.. A. E. Smith. N . Y .
office, 71 Broadway.— (V. 100, p. 1813, 1974; V. 102, p. 159, 1352.)
V A C U U M O IL C O .— O R G A N IZ A T IO N , & c — Incorporated In N . Y . in
1866. V. 98. p .45 7.
■ ..
. - ...
. ..
Refinery at Olean, N . Y . , whero a considerable amount or illuminating
oil and gasoline is produced. A portion o f product Is shipped to Rochester.
N . Y . ami Bayonne, N . J., where thero are finishing and compounding
plants for the manufacture o f lubricating oils. Formerly controlled by the
Standard Oil Co. o f N . J., but segregated in 1911. See Standard Oil Co. of
N . J., V. 85, p. 216. 790; V. 93, p. 1390. Stock, $15,000,000; par, $100.
Stockholders voted Fob. 29 1912 to Increase tho stock trom $2.o00,000 to
$15,000,000, the new stock being offered to stockholders at par, to pro
vide working capital and pay o ff $2,000,000 bonds and repay $8,000,000
advanced by Standard Oil Co. o f N . J. V. 94, p. 491. 703, 771. lo ta l
surplus Dec. 31 ,1915, $23,988,606.
pa:
M ;.„
_
Report for cal. year 1915. in V. 102, p. 1434, showed:
\$i2
Total not p rofits........ $6,861,913
$2,075,043 $4,832,930 S-l.lS'LOOO
D ivid en d s--,............ (8)1,200.000 (8)1,200,000 (6) 90J.000
(6)900,000
Pres., Charles M . Everest; Treas., Herbert Baker; See., W . M . Smith,
O ffice, Rochester, N . Y . — (V . 102, p. 1255, 1434.)
•
V IR G IN IA -C A R O l.IN A C H E M IC A L CO.— O R G A N IZ A T IO N — Incor
porated on Sept. 12 1895 and acquired many successlul manufactories or
acids, chemicals and commercial fertilizers from Baltimore to Atlanta ano
Savannah, several in Alabama and one each in Louisiana and Tennessee.
V . 68. i>. 431: V- 69, p. 232, 964; adv. In "Chronicle’ M ar. 4 1899; V. 72.
p. 444/1186, 1191, 1285; V. 73, p. 137, 240; V. 74. p. 942, 1095; V . 75. p
§1. 140.496; V. 87. p.283; V. 97. p. 663.
Owns entire common stock o f Consumers Chemical Corporation, which
has erected a modern fertilizing plant at Carteret, N . J., on Staten Island
Sound and guarantees by endorsement tho 7% dividends on tho pref. stock
($447,500 outstanding) and the cancellation o f $12,500 thereof annually
(callable at 110 anrl div.) and tho remainder on April 1 1933 or the entire
amount at 110 on dissolution. V . 96, p. 1428; V . 97, p. 663.
S T O C K .— Seo V. 93, p. 233, 294; V . 77, p. 355,405; V. 78, p. 1503. 1970.
Th e stockholders on M a y 12 1914 authorized an increase in the stock to
$30,000,000. to provide for conversion o f debentures. V . 98. p. 1248.
D IV ID S .— ( ’03. '04-’08. ’09. TO. ’ l l . T 2 . '13.T4. T o . TO 1917.
)
2 ^ None
3
2 % 4 3 1H 0
0
0 F eb ,M %
C om .......... 11%
P re f
_ (V, ) 1Full to July T4 ,Incl. (Q .-J•): N o v . ’ 14, 2 % . 4&4sc. 2 qu.
On Feb. 1 1917 paid A o f 1% on common stock. V . 103, p. 2436. V .
100, p. 1678, 1098, 146; V . 99, p. 1916, 2015.
B O N D S .— Tho 1st M . 5s were limited to $15,000,000, o f which $2,
100,000 have been paid and canceled. T h ey are subject to call as a whole
at 105 and $300,000 vearly tor the sinking fund at 102
They arc secur« d
bv (1) a first lien on all real estate and plants owned In fee and (2) a pledge
of all the shares of the Southern Cot ton Oil Co. ($10,000,000). all the share*
of the Charleston (S. C.j Mining & Mfg. Co. ($2,219,200). a controlling in
terest in the Elnlgkelt fpota-h) Co. and the Chemical Works Schoncbeck
L td . (costing more than $3,000,000). and all other stocks owned at time of
makiug mtge. V. 87, p. 1361, 1092: V. 94, p. 771, 922.
O f the $10,000,000 10-year 6% debentures authorized M a y 12 1914,
$5,000,000 were underwrittou and offered to stockholders at par, I ho re
maining $5,000,000 are not to bo issued for 2 years at least. Tho $5,000,000
P la c e s W h e re In te re st a n d
D iv id e n d s are P a y a b le
Cheeks mailed
Guaranty Trust Co, N Y
Co’s office, Utica, N Y
Central Trust Co. N Y
Central Trust Co, N Y
New York Trust Co
Central Trust Co, N Y
Checks mailed
Checks mailed
do
Central Trust Co. N V
N ew York
do
do
Bk of Manhattan Co. N Y
N Y Trust Co, N Y
N ew Y ork and London
N Y , A U I,each & Co
becks mailed
now Issued are callable at 102 on Oct. 15 1916 or thereafter up to Oct. 15
1922 and thereafter at par for tho sinking fund, and convertible to Oct. 15
1922 Into pref. stock at tho rate o f $110 dobs, for $100 stock.
The roinaln
Ing debentures may be made convertible at the same or a higher rate, 2 H %
w ill be retired annually. V. 98, p. 1172. 1321, 1541; V . 99, p. 54, 204,
V . 104. p. 368.
R E P O R T for year ending M a y 31 1916. in V . 103, p. 491, 1044;
1915-16.
1914-15.
1913-14.
1912-13
Total not profits________ 87,732,798 $7,129,895 $6,035,176 $4,934,221
$2,991,102
N ot p r o fits ______________$5,427,467 $4,979,949 $4,073,756 $1,244,006
Interest on bonds, & c._ $1,160,298 $1,265,740 $1,523,379
1,600,000
1,600,000
1,600.000
Prof, stock div. ( 8 % ) . .
1,600,472
Balance, surplus........ $2,660,697
$2,114,209
$950,377
$147,096
D IR E C T O R S .— S. T . M organ (Pros.), E . B . Addison (1st V .-P res.),
C. G. Wilson (V .-Pres.), S. D . Crenshaw (V.-Pres. & Sec.), o f Richmond.
Va.; N . S. Meldrum, Henry Walters. Harry Bronnor. L . Oudln, Alox. J.
Hemphill, A lvin W. Krech, O. I . Stralom, N . Y .; Geo. W . W atts, Durham,
N C • S H M illor, N . Y . S. W . Travers Is Treas., Richmond, Va.—
(V . 103, p. 491, 1029, 104-1, 2436; V . 104, p. 368.)
V I R G I N I A I R O N COAL & C O K E C O . — O R G A N IZ A T IO N -O w n s fur
naces' at Roanoke. Pulaski. Radford, Bristol, Graham, Max Meadows
and Foster Falls, Va.; Middlosborough, K y .; certain foundry and machine
works. Also owns about 132,000 acres o f coal lands, and owns and contro s
about 209,000 acres Iron ore and timber lands. V .J58, p. 675. V . 6J. p.
388- V. 76 p. 272; V. 79. p. 1703; V . 81, p. 1615. In 190b sold $l,004,o00
stock o f Va. & S. W . R y . V. 87, p.739.
ftan.
l
8 toe it authorized, $ 10.000.0(H).all common; outstanding, $9.0^.680, par
*100. On Oct. 1 1907 paid a 5% stook div. V . 8o. p. 350. Tho voting
trust for $5,000,000 stock expired in 1912. V . 84, p. 512.
Readjusted per plan V. 75. p. 348. 398, 736. Of the 1st & . $4 913.000
nave been canceled: the $338,000 unissued arc held to retl.e prioir Ikn
bonds, viz.: 5352.000 Carter Coal Sc Iron s. f. gold 5s (U .3 . and Va. tax-free)
duo Oct. 1 1938, subject to call at 105 (N . Y . Trust C o., trustee).
R E P O R T for year end. Juno 30 1916 (soo V . 103, P- 1978):
Loss.
Pivm l Year__
Gross.
Net.
Otherlnc. In t., A c.
$248,094
1915-16---............... $4,308,598 $437,016 $53,965 $739,074
244,722
1914-15_____________ 2,844,165
406,574 27,442
678,738
Pres” ' John B. Newton; V.-Pres., I ). D. Hull Jr. Offlco, Roanoke, Va.
— (V . 101, p. 1106, 1463; V'. 103, p. 1432, 1978.
_
V I R G I N I A N POWER CO.— (See M ap p. 195.)— O R G A N .— Organr
Ized Sent. 25 1912 In Mass., and has constructed a modern steam-powe
station at Cabin Creek Junction, and a comprehensive d Ist
r
ha^Now
>3tpp]
t»M doI gs suDolyin# electric powor in tlio KtUiiiwDft jnow
(i
Itiver coal district. W. Va. This district contains “ ° F « t han 250 operating
mines having a combined output for year ended Juno 30 1912 of 20,203,480
tons of bituminous coal, o f which 19,000,356 tons, or 94% , were mined In
Kanawha, Fayette and Raleigh counties, which are at present the principal
market for output o f Virginian Power Co. Electric power Is important in
coal mining for cutting, hoisting, hauling .pumping and ventllatln^u rooses.
Th e steam-power station is located at Cabin Creok Junction. W . Va.. 15
miles from Charleston, on Ches. & Ohio R y ., and lias a steel and brier
superstructure, in which thorp are installed turbo-generatorsi, &C.., capable
o f generating 26,666 electrical h. p.. and space to rJ w o m m 0,, on?i t0
Increaso tho capacity to 53,332 h. p. whon required. (V . J8. p. 907).
Water-Power Sites.— Owns or controls three large powor sites on Now
River, located at Bluestono, Richmond Falls and Hawk a N es t,
and several other smallor water-power sites also
0250
Estimated drainage area ranges from 4,400 sti. miles at Bluestono to b,2o0
S miias at Hawk's Nest. Available power at Bluostone, 125.000 k. w..
(1
Richmond Falls, 15,000 k.w.; Hawk’s Nest, HO.000 k.w. It Is contemplated
that, upon proper authorization, tho Initial water-power development will
bo made at Bluestono, VV. Va., with a 'lain 140 ft. in height, length about
2 000 ft., connecting two chains o f mountains and forming a lake of about
s'soO acres. This would euable tho company to moot the present require
ments o f the mining districts above mentioned anil to do a lucrative business
with public utilities and manufacturing industries i n 0 larlestou, ^ ' ‘ tlnkton, &c. Tho company has recently secured a contract to supply power
for the operation of tho street railways in Charleston, VV. Va., and a
now transmission line to that city has already boon completed.
C A P I T A L STOCK.— Auth.. $10,000,000 (in $100 shares). one-half proL;
outstanding, $1,200,000 prof, and $5,000,000 common.
B O N D S.— A first m tge. on tho power plant, on about 187 mUes of
transmission and distribution lines and water-rights and lands located
betweeu Bluestono and tho Virginia Stato line, and further secured by all
the capital stock o f Now River Power Co. (which owns valuable water
rights and lands along the N ew River at IIa.^k ®
AS?nnmh,-inddb vatha
IV Va. subj'Xtt to a purchase-money mortgage o f $180,000), and by tno
capital stock o f Dominion Power Co. o f Virginia.
1ota' authorized bond
S u e . $ 15.000.000; outstanding. $4.200.000;H™«?rvod^for exterislous, b ^ terments, acquisitions, &c.. under restrictions, $10,800,000. Gonom.
U An°nualsVikFngfJnd, beginning Dec. 1 1917. an amount In C ^h or In these
bonds at cost (not exceeding 105) equal to 1% o f bonds then outstanding.
N O T E S .— Tho Convertible 6% Gold Notes are part o f an authorized
$750,000 dated Doc. 1 1915 and duo Juno 1 1917. In t. J. & D . at ornce
o f A . B. Loach & C o., 62 Cedar St., Now York.
E A R N IN G S .— Began operations In Dec. 1914 with signed power con
tracts to supply 128 mines, among which are the largest coal-mino opera
tions in t h o T m a w L - N e w ’ River district, as for instance. the Now lUver
C o.. Raleigh Coal Sc Coke C o.. N ew R iver & Pocahontas ( 'OnsoL coal Co.
and many others. In July 1916 tho company had closed a cont act with
tho Charleston Interurban R R ., operating 38 “ lira o f r o ^ . to supply all
power for the operation o f its linos. This w ill add 1,000 ^• y;r( o th.l.[(lon‘
nected load o f tho powor station at Cabin Crook, VV. Va. V. 1U3, p. 339.
D IR E C T O R S .— G . D . Baker, P . G. Gosslor, II. G. Scott. G. P . T o b y ,
F. B. r.asher, John L . Dickinson, Wm. O. Abney. 1 . G. Gassier, Pres..
II G . Scott and G . P. T o b y, V.-Ps.; F . B. Lasher, Sec. & Lioas. N . Y .
office. 62 Cedar St.— (V . 103, p. 330.)
V U LC A N D E T IN N IN G CO.— O R G A N I Z A T I O N .- Incorporated In New
lersey on April 25 1902 as a consolidation; V 74, p. 942. Has plant at
Streator, 111., and Sewaien, N . J.; manufactures merchantable pig tin
F e b ., 1917.
IN D U S T R IA L STOCKS A N D BONDS
201
202
[V o l . 104-
IN D U S T R IA L STOCKS A N D BONDS
D a te
Bonds
M IS C E L L A N E O U S C O M P A N IE S
[F o r a b b r e v ia t io n s , & c .. see n o tes o n f ir s t p a g e ]
Am ount
O u ts ta n d in g
Par
V a lu e
R a te
%
W hen
P a y a b le
L a st D iv id e n d
a n d M a tu rity
$100 $7,000,000 See text J A J Jan 1 ’ 14 1%
Waltham W atch— Common stock $7,000,000 authorized----Seo text
5 .0 0 0 .
00(1
See text • T A D
too
Preferred (a A d) 6% cumulative $ 5 .0 (0 .0 0 0 ..- - - - - - - - - F & A F & A 1918-19
2.000.
000
4Y%
Coupon gold notes due $500,000 F & A In 1918 & 1919 — c 1916
W est Penn P o w er C o.— Seo “ Electric Railway Section
100,000 See text See text Oct 20 ’ 16 40%
10
W a sh in g to n O il Co— Stock----- -— - — ------- -------- ------Seo text
100 23,967.400 6 In 1916 J A J
Wells. Fargo & Co— Stock-------------- 11 v - f nm nnn a t
nin 1900
J A D Juno 1 1930
5g
0.799,000
ion Ac
Welsbach Co— Collateral trust mtge go]d $7,000.000 s t ..1 II
Doe 30 '16, $2
None 150,000shrs
W e stern Elec Co In c (M fg )— Corn stk 150.000 shs no p a r ._
Dec 30 ’ 16. 1Y
Q— M
6
100 15,000,000
Pref 6% cum non-voting call at 120 $15,000,000----- — J A J Deo 31 1922
5g
1 noo 15,0)0,000
1909
First mtge 515.000,000 g call beg 1912 at Wo ---M C .xc
146,316 shrs
Nono
W e stern Po w er C orp o f N Y — Common stock (no par v a l)Jan 15 '16, 1%
70.075
100
P re f stock 6% cum from Jan 1 1915. ----------- ." .v V n V S M
Feb 15 ’ 17. Y %
3,503,000
100
W e stern S tates Qas & El (o f D ela )— Com stock $5,000,000
Q— J15 Jan 15 ’ 17, 1 k
7
100
P re f stock $10,000,000 7% cum red 1 5 & dlvs - - - - - -
J & D Juno 1 1941
5 g
500 &c
First & R e f M (o f Cal) $10,000,000 gold ca 1 105 sk fd .x x c* 1911
J & J July 1 1933
5
1,000
American River Electric 1st M (closed) callable. - - - - - - - 1903
A & O A pr 1 1917
6
500 &c
Notes $1,500,000 called for payment A pr 1 17 atlO O >S--U
1927
See text.
N ew 10-year 6 % n otes 1,564,000 - - - - - - - — - - - .................. 1917
W estern I'elep & T e le g — See Amer T e l & T e l Co.
F A A Feb i 1923
3*
1.000
1884
W estern Transit Co— Ronds guar by N Y C ext In 1903----- z
5 Y 1916 Q— J Jan 15 ' i7, 2 Y
100
Western Union telegraph— Stock $100,000,000 authorized-J A J Jan l 1938
5
1,000
1888
Collateral trust bonds-........... 'I S —
May l 1950
4 M S M A N
1900 1,000 Ac
Funding and real estate mtge 520,000,000 gold -F.zcAr
M A N May 1 1941
5 g
1.000
Mutual Union Telegraph Co 1st M ext gu p A l ext 1911-z
J A J Jan 1934
4Y
500
Northwestern Telegraph Co 1st mtge gu p & 1 ext 1904 *
P la c e s W h e r e In te r e s t a n d
D iv id e n d s a re P a y a b le
do
do
Pittsburgh, Pa
Office 51 Rroadway. N A
Phlla Prov L A Trust Co
Now York
do
Chicago and New York
Checks mailed
cio
San Francisco
do
Now Y ork and Chicago
Grand Cent Term inal .N Y
Office, 195 R'w ay. N Y
do
do
do
do
do
do
do
do
qpn v on r» 307
Pres IT B. Thayer; Troas.. J. W . Johnston; Sec.,
tetrachloride of tin and steel scrap (used by steel mllls) frora tln plato waste. G C Pratt P ‘ N Y . office.^105 B ’w a y . - ( V . 102. p. 1065, 1432. 2436;
V. 83, p. 42, 1234. On Oct. 22 1913 tho American Can Co. paid $617,000
V . 104, p. 78, 368.
tin settlement o f suit. V . 95, p. 1487; V. 96, p. 1302; V . 97, p.
S T O C K .— Common stock, $2,000,000* preferred stock. $1 oOO.OOO. 7 ,o
W E S T PE N N P O W E R C O .— Seo “ Electric Railway Section.”
cumulative, all outstanding. Par of shares, 5100. No bonds.
W E S T E R N P O W E R C O .— Seo Groat Wostorn Powor Co.
D I V S .- V 0 2 . -03. ’04. ’05.’ 06 ’07. ’ 08 ’09. TO. 11. 12.
1918
w c c t f d n c t a t p s G A S & F L E C T R IC C O .— (See map Standard Gas
0
5 ?^
^q 0 ^ 0 ^
- ____ B
.
Pref----- % } 3 Y m
C°In lOlS^Jan. and April, l% % \ July and O ct., none. Accumulated prof, & E le c tr ic Co ) — O R G A N .— A consolidation o f sovoral companies operating
in Humboldt, San Joaquin, Contra Costa and a t J J a c o n t f£
dlvs. Oct. 1913, 2 4 Y % . on account o f which 21% was p a id N o v . . 0 1913
2
from proceeds o f suit against American Can Co. V . 9o, P» 1478, v . wo. P nia. Installed capacity, 14,409 h.p., including hydro-electric, 8*0*- nvp.*
and steam-operated power plants, 0,367 h.p. Also manufactures and dis
1302; V . 97. p. 181. 1220.
tributes gas in Stockton and Eureka.
E A R N IN G S .— Report for 12 mos. ending Dec. 31 1915 in V . 102, p.1065
C O N T R O L .— Controlled by Standard Gas & Electric C o., through own*
12 mos. end. Total
Ollier InvenCosts and rXdjustBalance
ership o f a m ajority of tho stock o f the Western States G aS * LloctHc Co
Dec. 31— Sales.
Income. tones.
Gen. Exp. mails. Sur. or D ef
sur.$63,077 o f Delaware (representing a cash Investment o f over $3,750,000) ,w hlcn, in
1915 ......... $685,291 $2,126 +$14,953 $639,293
I ho St;
1914 ......... 775,691
913
+8,997
859,541 $7'029 def. 80,969 turn, owns the entire capital stock o f tho California company.
9 mos. end. Sept. 30 (V. 103, p. 1987 —
7sr dard Gas & Electric Co. is. In turn, controlled and operated by II. M .
1916 ------- $586,560 $8,736
+$9,716 $588,226 ......... s r '$35 806 Byllesby & Co. o f Chicago. V. 100, p. 817.
1915
508,241
1,692
+643
474,770 - - - - sur.j o .suo
D IV ID E N D S .— On common (N o . 1), Aug. 15 1916, Ys o f 1% ; N o . 2,
O F F IC E R S .— Pros., W . J. Buttfield; V .-P ., G °o. F . Eldrldgo; Sec., N o v . 15 1016, Y o f 1%; Feb. 15 1017. Y o f 1% .
•C. E. Outram; Treas., Gilbert N . Knight. O ffice, Sewaren, N . J.— (V .
n n M taq
/• Rrfundina Ad. 5% Bonds.— Authorized, $10,000,000*
?
“
“
101, p. 456, 1719; V . 102, p. 528, 1065, 1998; V. 103, p. 948, 1J87.)
rede^med^hMUgh^stoking fund operations, $357,000. Except for refunding
W A L T H A M W ATCH CO.— O R G A N IZ A T IO N — Incorporated in Massa divisional bonds (only $353,000 outstanding) no additional Jondsmay bo
chusetts lu May 1906 as successor, per plan of recapitalization In V . 82 P.
oxppnt when tho annual not earnings are twico tho interest on an
1042. of American Waltham Watch Co. Manufactures
Waltham
bonds outstanding and contemplated, and then only for 75% ot^ e c o s t o f
watches at Waltham, Mass.; also clocks. V. 76. p. lb l, V. 82, p. 1U12. v .
extensions, betterments and improvements. Semi-annual sinking runa
now till June 1919, 1% o f all bonds Issued, thereafter 1H % . V.102,p.1544.
84ST6(J3 . - f > r cT'. stock cannot be increased or mtge. authorized wpnout
K
9
In Feb. 1917 tho $621,521 notos o f 1915 were called for payment A pril 1
consent of H of each class. V .84. p. 698: V. 90, P-.~ 1 1Q1.
1
and a new Issue o f $1,564,000 10-year 6% notes was sold to pay floating
r)X V S __ 11907.
1908.
09.
10. 1911-12, ly trf-l'i.
debt and for oxtenslons and additions. V. 104, p. 203.
— i9 mns end
Nov. 1916, Dec. 1913. D ec. 1914. D ec. 1915.
Oros^ earnings . . . . . - -SI 232.888 $ 1.083,369 $1,114.858 1,183.834
N e t earnings, after taxes----593,958
486,486
517,756
o69,942
— (V . 102, p. 1544; V. 103, p. 499; V. 104, p. 670.)
C,<N01\ltsl— In ^ 'e b )’ l9li6'$2^000?o6lJ> ^ % KOld notos ,vero soljl to replaco
4
W F S T F R N T R A N S I T C O .— Owns piers, &c.. in Buffalo, N . Y . Boats
■outstanding indebtedness. V. 102, p. 810. B - nnn°XT^C
rCt'i / iqV'rf ^ncliidsold and transferred in 1916. See Groat Lakes Transit Co. In \ . 10-, I •
showed $2,797,000 bills payable, against $2,365,000 M ar 31 1915, includ
in " the S2 000 000 coui)on note issue. V. 102, p. zzou.
1439 — (V . 100, p. 1759.)
Balance sheet" V.100P p 2262. Pres Ezra C Fitch; Treas., Harry L .
W F S T FR N UNION TF1 F G R A P H .— Organized under thr laws of New
Brown, Waltham, Mass.— (V . 102, p. 810, 2260.)
York St\teRon April 2 1851. and Presont name adopted In 1856. Decision
W A SH IN G TO N O IL CO.— O R G A N IZ A T IO N . Ac.— Incorp, In 1887 In
Penna
Produces crude oil. Owns 140 of 200 shares of Taylorstown N a
V 89t ’D19533’ S e 9^’ p7’534’9V3’9f)! in 867. Reduction In cable rates Dec!
03 v
tural Gas Co. Formerly controlled by Standard Oil
o* N. J., but ®
\ 4 l l . f : 93. p i609.Pl'794rin Oct. ?912. V . 95. p. 685. and In Jan. 1913.
gated In 1911. See Standard Oil Co. o N. J.. V. 85. P. 216: V. 93 P. 1390.
flhnrk XI00 000* nar $10.
Dividends In 1906. about 35%, 1911, 29 /
o
^'Tn^Aorll' 1912 arranged with Marconi Co. to receive and deliver Marconlgrams to and from Europe. The Marconi sytem Is to be extended from the
1913.' Feb.* and Doc.. 40% ; 1914, Dec., 30%; 1915. nil;
For cal. year 1915, profits wore $16,099; total surplus Dec. 31 $ 1 5 $52,876.
Faciflc coast of the United States to Hawaii, China, Japan and the I hjllpO ffice, 323 Fourth A vo., Pittsburgh, Pa.— (V . 100, P- 817, V. 102,p. 8JL Dlnes giving Western Union a wireless trans-Paelilo service. V. 94.P.1LH ,
P The Amer. Telep. & Teleg. C o., in accordance with thb agreemont with
V W A S H IN G T O N W A T E R P O W E R C O „ S P O K A N E .— Seo “ Electric
Railw ay Section” and V . 104, p. 663.
W A T E R S -P IE R C E O IL CO.— See Pierce Oil Corporation.
spinster
P
e r *nmtes:
.
107 ^29 m i?os256n° J u T y f l'/h ftook over business o f Balt. & Ohio. St. Louis
C
x. Han Francisco and Chic.& East. Ill,, Cine. Hamilton & Dayton.Central
R R . o f N . J., &c.. and electric lines, adding 12,904 miles to systemI’ a,|g99.
M a y 1 1915 that o f tho Denver & R io Grande, 2,308 miles, V. 98, p. U J .,
V Q n 1049: V. 100, p. 1442. Also, jointly with N at. Kys« or Mexico,
Q
controls Wells, Fargo & Oo. S. A . (Socledad M exicana). V. 91, p- 1451.
Official circulars, V. 83. p. 90, 163, 268, 434. Investments Juno 30 1909,
V ‘Rates were ordered to be reduced beginning Feb. 1 1£14. but, Ini July'1915
an average Increase of nearly 4% was allowedIon packages upToM00 lbs.
See "Express Ratos,” V, 97. p. 368, 1118, 1359, 1423; V, 95, p. 179, 204,
V . 100, p. 292, 375. and report, lu V . 101, p. 1270.
n r y o __ f *70 ,73-’94 ’95-’01. *02. ’03-’05. 06. ’07 to Jan *14 Since
rinati w* o/i f. i i q v ’ lv 6 v ’ lv. 9 8 y’ lv. 0 10 (5 J &J '
3 s-a
° In Jan? 1917 an extra 33 1-3% was paid out o f surplus. V. 104, p. 78.
On Fob. 10 1910 an extra dividend of 300% iW J ? 'U
A
i^ n a vln g for
surplus, shareholders being al owed to use two-thirds o f fc
Ws In paying ror
>$16,000,000 new stock. Increasing Issue to S24.000.000. V. 8J. p .looo. in / t.
R E P O R T .— For year ending Juno 30 1916, in V . 103, p. 1507, showed:
June 30
Gross
Net Earns.
Other
Dividends
Balance,
1 9 lt ai6
S46420 621 $2 932 798 $L0S7™75 $ l f S 044 j t s l f e o
i 9 i t i 5 : : : : : : : si : l i 4 , 7 8 6 T m m J { o s i Im o 1.438.044
900,634
■ (V . 101, p. 1374; V. 103, p, 1432, 1507; V. 104, p. 78.
—
W E L S B A C H C O .— (V . 98, p. 933: V. 100, p. 907, 985; V. 102, p. 1065 )
W F S T F R N E L E C T R IC CO ., IN C ., N. Y . A N D C H IC A G O .— Incarp,
in N . Y . N o v. 17 1915 as successor o f an 1 . corp. (org. in 1881). Am. Lcl.
11
& Tel. Co. on Jan. 1 1917 owned 146,050 shares ot common stock and $14,60Divi0 ndthNoPr! f 'onV
deO
new0cim J o 8 was $4 per share paid Dec 31 1915:
n
M ar Juno Sept, and Dec., $2. “ Th e largest manufacturer o f telephonic
apparatus in the world and the largest distributor o f electrical supplies In
tSe United States.” On Jam 11916 had 17.135 employees.
Authorized bond Issue. $15,000,000. V. 90. P •^07: V .91 , p . 1878,163m
E A R N IN G S .— Tho gross sales for 1916 wore about 107,000,000 and tho
unfilled orders on hand Jan. 1 1917 about $30,000,000.
R E P O R T for year ending Dec. 31 1915, in V. 1>J2,.P. 1433. showed:
^ g l?
W
M
Balance surplus
$1,217,613 $1,170,960 $1,671,695 $1,067,410
^ In c h id e s o C a f r d iv s . o f 2% each on tho SW.OOOflM1old capital stock
(all o f one class) a dlv. o f 0.73% on tho now 815.000,060 6 7 cum. prei.
a
stock coverfng a beriod from Nov" 17 1915 to Dec. 31 1915 and a dividend
o f $4 per share mi the 150,000 shares o f now com. sharos (no par value)
paid Dec. 31 1J15.
to .
T iZ r& tiU S ®
$10,000,000 bonds.
S T O C K __In 1892 Increased stock from $86,200,000 to $100,000,001), of
which $8 6°0 148 was then paid as scrip dividend to represent surplus earn
ings expended on the property and $2,630,000 still unissued, $-.447,225.
being then distributed In Jan. and April 1908 in lieu o f cash dlvs.
D IV ID E N D S .— 1 ’93-’07.
1908.
09- 13. ’ 14. ’ 15. ’ 16.
!<•
Sinco 1893____'. . % ( 5 y ’ly. 3 H (2 ^ % a t k .) 3 y ’ly.
S Y ™ ™
Jan. 15 1916 paid I Y % and Y % extra; A p r., July * O ct., 1 A % - On
Jan. 15 1917 paid 1M % anti 1% extra. V. 103, p. 224o.
RO ND S.— On Dec. 31 1914 the following stocks (par value) were pledged
for the collateral trust bonds: Gold & Stock Telegraph, $1,111,80 ): Inter
national Ocean Tel., $1,961,500; N. Y Mutual Tel.. $2,387,700. Maine
Telegraph Co.. $111,000: Washington to New Orleans Teleg. Co.. $30,000,
a 'The^undlng'and real estate 4\ + '« !v o r real estate In N . Y . and Chicago,
In Dec 1913 suit was brought to obtain permission to wlthdravv from the
lien of the mortgage property at 195 Ornan^ay . V. 70, p. 884,1203. V. 71.
p. 750; V . 74, p. 785; V. 78, P- 1451; V. 80, p. 226, V. 97. P. 1827.
C a p ita liz a tio n o f L e a d in g
L ea sed P r o p e r tie s —
le a s e
e x p ir e s .
In t .o r d lv .
A m o u n t. %
P e r io d .
Bonds
m a tu re .
1932 $14,000,000
5 Q— MNo bonds
Am. Tel. & Cable stock----2010 £3.240,540 6
.............................
Anglo-Amer Tel. pref. stock
£518.920 3 H .............................
2010
do ordinary stock----------
2010 £3.240.540 1 Y
do deferred stock-------43.000 3
MAS.....No bonds
2004
Chic. & St. Paul Tel. stockr--^ 2010 £1.214,200 See text
DIrect U. S. Cable C o .- - - 711,700 6
Q— 1
No bonds
1978
Ilomlnlon Tel. Co. stk. ($50)
3 0 0 .0 0 0 4
Q— M
No bonds
1989
Empire & Bay State stock-3( 6 100 2 Y M A N
No bonds
1975
Franklln Tel. stock-............
, „ 01
2.444.400 6
Q— J - - - - - - - - -
Gold & Stock Tel. stock.--^Jan. 1981
987.300 6
Q— J
No bonds
Internat. Ocean Tel. stock-Jan. 1981
el 12.300 6
---------
N Y . Mutual Tel. stk. (*25)Feb. 1982
1.857.000 5g. M A N
May 1941
M u.U .T el. IstM .ex t .gu ,p. &!. - - - - - 2.500.000 6
J&J ----------Northw. Tel. stk ($50)..M a y 7 1980
1.500.000 4 H
J&J Jan. 1934
Is tM .,p . &1.guar. (V .9 1 .P . 1022).528 325 4
J&J
No bonds
Pac. & Atl. stock ($25)----- 90 years
558,575
A AO
No bonds
Sou'. A Ati'. stbck ($ 2 5 )- - .. 999 years
— ..... - 5
On Dec. 31 1915 the company owned (not l»o lii;l«l . J " £ > | S
Chle ,v St Paul Tel. $57,000: Dominion I el.. $288,300 I ranklln T e l..
8630,000; Gold & Stoak T e l.. $2,555,600; lo t. Ocean Tel., $-.01-,<00.
Pacific & A tl. T e l., $1,471,675; So. & A tl.. $390,975.
MSP mvn- throueh collateral trust, viz. « S2j387.70fl
$3,143.0') '
in \Tar 1016 this company purchased practically all o f tho Sl.OOO.UUU
outstandhig1capital stock o f the III Inols * W . Tefegraph Co. at $40 per
share. This property has been held under perpetual l o . v s o s u i c o 1867.
Leases the Anglo-American Telegraph Company and direct United
States Cable for 09 years from Apr. 1 1911,.dividendsj on the ^7,0003)00
Anglo-Amer. Telegraph Co. stock being guaranteed, viz.. 6 % on the £3.
240.540 pref .. 1 H % on the £3.240,540 deterred and 3 U % o n tho £518.920
.
1866^ ^On’ Jiin\R3 'M (H 6 ^operated^on182^025 _ 1
rwf
M IS C E L L A N E O U S C O M P A N IE S
[For abbreviations, A c ., see notes on first page
WestinKlionse Air Brake— Stock §30,000,000_________
W esting EI&Mfsr— Com. stk §71,000,000 auth(V 71,p 1274)
Pref stock $1,000,000 (a & cl) 7% cum and p articipatin g...
Collateral notes subject to call at 102 H and ln t______ Ba.x
Westlnghouse Machine— Stock authorized 510,000,000
Debentures §1,500.000 gold redeemable by lot at 105
..x
First and refunding mortgage gold
x
Westlnghouse Foundry 1st M guar due §50,000 y e a r !y ...x
Weyman-Bruton Co— Common stock §6,000,000.... ..............
Pref stook (a & d) 7% non-oum §6,000.000..................... .
W h ite M otor Co— Auth capital stock $16,000.000_________
W illys-O verlan d Co— Common stock $50,000.000..............
Preferred (a & d) 7% cum convert, red at 110___________
Date
Punas
1907
1900
1910
1902
Par
Value
Amount
Outstanding
Rale
%
When
Payable
Last Dividend
and M aturity
$50 See text 26 in ’ 16 Q— J See text
50 See text See text Q— J Jan 31’ 17. 1 %
50 $3,998,700 7 in 1916 Q— J Jan 15 ’ 17, 1J*
£ or §
2.720.000
6
A & O Oct 1 1917
$50
7,510,750
Oct 10 '07, 2 H
1,000
401.000
S J Ian 1 1920
c
58
1,000
6.246.000
Q— F Nov 1 1940
1,000
525.000
M & N T o May 1 1926
100
4.600.000 See text Q— J Jan 2 1917 7%
100
4.600.000
7
Q— J Jan 2 ’ 17, 1M %
50 16.000,000
Q— J Dec 31 ’ 16, 2%
25
See text Q— F Feb 1 1917 3%
100 152)00.000
7
Q— J Jan 2 1917 1%
ordinary stock, the rental to the Direct United States Cable Co. to be
£58,568 yearly, the dividends on Its £1,214,200 stock not to exceed 5% with
out permission of Western Union Co
V. 91. b. 1715: V. 92. d 958- V Q3
p. 734. 876, 1047: V. 96, p. 1301.
R E P O R T .— Year ends Dec. 31. For 1916 (Doc. 1916 e s t.), V 104 n 170
1916.
1915.
1914
Rovonuos for tho yoar-------- ------- .*$63,632,295 $51,171,795 $46 264 777
Operating expenses, ront, taxes, & c. 49,783,026 40,972,541 40,578(751
Remainder. ----------------------------1$13,849,269 $10,199,254 1*5,686,026
Incomo from Investments, &c______ /
a
1,303,926
1,022,611
N ot p r o fits .
........................... $13,849,269 $11,503,180 T < L ^ ~ 6 3 7
Iiitorest on bonds..............................
1,331,850
1,335,588
1,337 242
D ivid en d s.......................................... (Seo above) (5)4,986,364 (4)3,988(886
Balance, surplus............. ............ x$12,517,4l8 $5,181,227 $1,382^50 9
* Includes in 1916 income from investments, &c. a Includod in rovenues
gBoforo deducting dividends in 1916.
M iles of M iles of N o. of
Year—
Poles, A c.
Wire.
Offices. Messages.
Receipts.
Profits
1866-67......... 46.270
85,291 2,565 5.879,282 $6,568,925 $2,624 919
1892-93..........189,936
769.201 21.078 66,591.858 24,978,443 7,496 037
1910- 11...... 215.763 1,487.345 24,926 N ot stated 37.158.989 7 105 357
1911- 12...... 217.472 1.517.317 25.392 N o t statod 42.987.8076(923(971
D IR E C T O R S .— Newcomb Carlton (Pres.), Olivor Amos, William Vin
cent Astor, Henry A. Bishop, Robert O. Clowry. Chauneoy M Dnncw
Georgo J. Gould, Robert S. L ovett, Donald G. Geddes, Ohauneov K een ’
Jacob II. Schiff, Joseph J. Slocum, James Stillman. Edwin G M orrill’
Honry W . doForost, W illiam Fahnestock, Percy A . Rockefeller William tr'
Vandorbilt Jr., M ortim er L. Schiff, William II. Truosdale and Albert i r ’
W iggin. Office, 195 Broadway, N . Y — (V . 102, p. 1246,1273 1453 1008
V . 103, p. 245, 948, 1432, 2245: V. 104, p. 170.)
’ 1oJ’ 1JJ8’
W E S T E R N U N IT E D G A S & E L E C T R IC C O .. A U R O R A II I —
<V. 102, p. 257; V. 103, p. 150. 245.)
’ A U K U K A l ,L L *
WESTINCIHOUSE A IR B R A K E .— O R G A N IZ A T IO N
&o — A Penn
sylvania corporation. V. 67, p. 843, 1065; V. 77, p, 1307- V -94 n 141
In 1912 granted the New York Air Brake Co. a general license under Its
U. S. patents. V. 95, 1 . 748. Total surplus July 31 1916 $10 835 298
>
Tho shareholders will vote M ar. 15 1917 on increasing tho’ authorized
capital stock from $20,000,000 ($19,730,967 outstanding Doc 8 1916) to
$30,000,000 in order (1) to acquire tho cap. stock o f tho allied Union Switch
& Signal Co. on tho basis o f $100 Westlnghouse stock for e a c h S I50 o f the
$6,162,000 Union common and $200 Westlnghouse stock for $250 o f the
Union pref.; (2) thereafter to pay on tho Westlnghouse stock as so increased
V ' 10«i» 1 2245, M . 1 V, -, oV p. 263. tin»
!:1
s A irB dpstpovort hv firn
,
V. r
p. ? U 0 2349, 0v P 104, I1 ^ ?
Switche plnnt ra k e 8 s?ock.rCaSce
Fob. 10 1917, will bo replaced by a new $5,000,000 idant
v 104 p 6 6 9
D IV S .— — f ’04. ’05.'06. ’07. ’08. '09. ’ 10. ’ l l . ’ 12. ’ 13 ’ 14-15 ’ 16 ’ 17'
P e r c e n t.... 21 2.) 22V* 20 12>*11H 21 20 19 Kj
l « 26 text
In stock . . . ((In 1898. 1 0 0 % ).. 25
..
..
. 33 1-3 5
°
b
^ I n 1916, 16% reg. (4% Q.-J.) and on N o v. 21 an extra 10%; 1917, Jan.,
R E P O R T for year end. July 31 1916 was in V. 10,3 n i a h ohnwintrYear ending July 31—
1915-16.
1914-15
’ 1913-14
N ot earnings, all sourcos______________$9,396,10.3 $ l ,57r. obQ
7q9 0o ,
Cash dividends p a id ......................... 3,140,972
.3’ 1tn’iiRO * 3 ’ 139 881
Balance, surplus or doficit..............sur.$6,255,L31df.$L564]821sr.$L343 110
Chairman, Ilonry II. Wostlnghouse; Pros., John F. Miller ** N V office
165 B way.— ( V . 102, p. 981, 1065; V . 103, p. 1411 1499 1519 99T5
2349; V. 104, p. 263, 566. 670.)
U S 2 ' 1512’ 2215’
W E STIN IiH O U SE ELECTRIC & M A N U F A C TU R IN G c n — o r d a n t
Z A T IO N .— A Pennsylvania corporation manufacturing appliances used for
rlcctrlc-llghilng and power purposes. V. 54, p 763- V ^
n 15rt
Owns exclusive rights to Tesla patents on alternating currents’ v
n en
153. As to proposed now plant on Delaware R iver, seo "S to ck ” below
Now England Westlnghouse Co. ($1,000,000 outstanding stock all
owned) has contracts for 1,800,000 arm y rifles. V. 100 n 1994 i«7 o- v
101, p. 619; (V . 103, p. 2245).
’ p ’ 1J24’ lb7Jl v ’
In 1908 finances were readjusted (V .8 6 .P . 922; V.87 n m i 875 ikui
In M a y 1916 85% o f tho $7,510,750 stock o f the Wratlugliouse M a
chine Co. had boon exchanged on tho basis o f 3 shares o f Machine On stock
for one o f the Electric Co. V . 100. p. 59. 1738.
acnine ° ° - 8toc,£
N E W S T O C K .— An increaso o f tho common stock from 856 nnn nnn tr>
$71,000,000 having been voted Feb. 15 1917, holders o f the $39 998 761)
pref. and $55,534,150 outstanding common stock o f record Dec ’30 were
allowed to subscribo and pay for in full at par on Fob. 21 1917 for about
coods w ill bo used to financo tho expanding business and* to "build'a new
■factory on tho Delaware River at a cost o f botweon $5,000 000 and $7 000 000.^ Sco earnings below. V. 10.3, p. 2245; V. 104, p/ 670
* ’
.
9J7
R
•— The Preferred stook carries cum. dlvs, of 7% ner annum
iylth the right to participate equally with other stock after ih A im p shali
have received 7% .and pref. as to principal. See editorial M a y 1893 Issue
As to collateral trust 10-year 5% notes o f 1907 ($2,720,001 outstanding)
soo V. 85. p. 227. 1458, and V. 86. p. 2.33; V. 92, p. 1633- V i i T T f f i
There are also $98.750 5% cnllat. notes due Jan. I 1924: real est.Burch',
monoy mtges., $210,000.
Tho $71,000 remaining convertible bonds
^ rig in a ! tesuo 808,695,000) wore paid o ff at 105 anclint. on Jan. 11917.
D IV S . {Since 1907)— 1908. 1909. 1910. ’ l l . 12. '13-14. ’ 15. ’ 16.
17,
Prof, % .................
5H
10H 1234
7
7 7 yrly. 7
,
l^ q u .
Common, % ______
0
0
0
0
2 4 yrly. 5
fl J a n .l^
E A R N IN G S .— N ot profits for tho 7 months ending Oct 31 1916 uftor
■deducting all lntorost charges, wore $7,651,010, and in Doc 1916 the com
pany's not incomo from all sourcos, aftor deducting interest charges was
averaging over $1,600,000 per month, with tho promise for tho fiscal’ vear
ending M ar. .31 1917 o f a profit o f over $15,000,000, equal to 25% on tho
ontiro sharo capital then outstanding. Unfilled orders on hand for tho
‘ Tegular products” (1. o., exclusive o f riflo or shell contracts) Dec 13 1916
amounted to over $.31,000,000. Tho manufacture o f 1,800,000 Russian tvno
rifles fo r tho British G ovt, was then proceeding favorably. V. 103, p.
203
IN D U S T R IA L STOCKS A N D BONDS
I*
Places Where Interest and
Dividends are Payable
Pittsburgh, Pa
Checks mailed fromPlttab
do
do
New York or London
East Pittsburgh, Pa
Fidel T it S Tr Co. Plttsb
c
Colonial Tru st C o, P itt
Colonial Trust Co, PlttsiChecks mailed
do
Bankers Trust Co, N Y
do
do
A N N U A L R E P O R T .— Fiscal year enas M ar. 31. Report for year end
ing M ar. 31 1916 at length in V. 102, p. 1984, and advt., p. xvi.
_ ,
.
,
1915-16.
1914-15.
1913-14.
1912-13.
Sales bdled— ......... -..$50,269,240 $33,671,485 $43,733,646 $39,977,565
Tota l net Income-------- $10,536,626 $3,720,939 $5,998,078 $4,961,707
ln t. on bonds and debs.
718,477
1,023,801
1,042,191 , 1,103,424
lnt. on collateral notes.
135,999
200,866
591,260
409,672
M see laneous interest..
15,361
44,251
72,554
99,319
Mlscol. & extraord. (in oper. exp.)
442,277
233,264
185,260
D iv. on prof, stock (7 % )
279,909
279,909
279,909
279.909
D iV on com .s to c k ..(5 ^ )2 ,5 2 6 ,951 (4)1,427.350 (4)1,405,989 (3)1,053,666
Bal over surplus----- $6,859,929
$302,485 $2,372,911 $1,830,457
Total surplus MTar. 3 1 .. $9,246,707 $7,473,412 $7,659,130 S7.348.522
W A R O R D E R S .— Tho total orders for war ammunitions of this com
pany, its proprietary companies and tho Westlnghouse Machine Co.
amounted to about $96,527,000— "Chron ” o f M a y 27 1916, p. xvl.
D IR E C T O R S .— Class expiring In June 1917— James D. Callery, Paul D .
Uravath, James N . Wallace and Harrison Nesbit. Class expiring June 1918
— A. G. Becker, George M . Verity, William M cC onw ay, J. J. Hanauer.
Class expiring June 1919— Samuel M . Vauclain, John R. McCune, Edwin F.
Atkins and E. M . Herr. Class expiring June 1920— Joseph W . Marsh,
Guy E. Tripp, Herman II. Westlnghouse and Albert H. W iggin.
O F F IC E R S .— Chairman o f Board. Guy E. Tripp: Pres., E. M . Herr!
V.-Ps., H . P. Davis, L. A . Osborne and Charles A . Terry: Treas.. H . D .
Shute; Comp. & Sec., J. C. Bennett. N . Y . office, 165 Broadway. M ain
office and works. East Pittsburgh, P a .— (V . 102, p. 1816, 1984; V . 103.
p. 1797, 2164, 2349, 2436; V. 104. p. 368, 459, 670.)
W E S T IN G H O U S E M A C H IN E C O .— See page 206,
W E YM AN -B R U TO N C O — O R G A N IZ A T IO N .— Incorporated In N . J.
Deo. 2 1911 and took over the snuff factory at Chicago, 111., form erly
owned by American Snuff Co., two at Nashville, Tenn., entire stook
of De Voe Snuff Co. with factory In Spotswood, N . J.. and 50% of stock of
National Snuff Co., Ltd., of Canada, with factory in Montreal. V . 93,
p. 1609; V. 94. p. 285.
S T O C K .— N o lien prior to the preferred stock shall be created without
the consent o f two-thirds o f each class o f stock.
D IV ID E N D S .—
f 1912.
1913.
1914. 1915.
1916. 1917.
6
12
12
12
12, 3 , - . - , - .
On common.............. % {
Do e x tr a ............ %
4
0
4
10
14,
4 ,-,.
Do scrip----------- % I (P a id o ffDec. 1915) 20
10
—,—,—, —
R E P O R T .— Report for calendar year 1915 In V. 102. p.882. showed net
earnings, after all charges. $1,271,372: prof. div. (7 % ), $280,000; com. div.
(1 2 % ), $480,000; bal., sur., $.511,372.
O F F IC E R S .— Pres.. .1. Poterson: Sec. & Treas., I. L. E lliott.
Otfico, 50 Union Square, N . Y .— (V . 102, p. 257, 882, 2172; V . 103, p. 2161.)
-
tfEB., 1917.]
V y illT E M O T O R C O .— O R G A N IZ A T IO N .— Incorporated in Ohio and
took over all the capital stock, excepting qualifying shares, o f tho W hite Co.
o f Cleveland, makers o f the W hite automobiles and m otortrucks. (V . 103
p. 1979)
S T O C K .— $16,000,000 capital stock (all one class, par $50). There are
no bonds or preferred stock and only $175,000 o f purchase monoy obligations.
Dec. 31 1916 2 % .
Dividends.— N o . 1 A p r ils 1916, 1 H % ; N o. 2 July 15, l l i % \ O ct., 1 M % .
and Dec. 31 1916. 2% .
E A R N I N G S .- F o r half-year ending June 30 1916, total not incomo,
S ^ S k 5 2 V v n V o ? !'” 3i512: 1970.Oml N ° ' *• * * * • * “ M " >
.
D IR E C T O R S .— M . B. Johnson (Chairman o f Board), W . T . W hite
(Pros.), W . O. W hite (1st V .-P .), E. W . Hulot (2d V .-P .), O tto M illo r
U re a s .), A . It. Warner (Sec. & Asst. Treas), J. R. N utt, all o f Cleveland,
Ohio: J. Horace Harding, Theo. Roosovclt Jr., E. R, Tinker A M H all
2d, N ow Y o rk .— (V . 103, p. 150, 1512, 1797, 1979.)
WILLYS-OVERLAND CO.— O R G A N IZ A T IO N .— Incorp. In Ohio
N ov. 1912 and acquired the properties and business of the Willys-Overland
N ° ’ tt J ° . lo - ° - On0 o f the largest manufacturers o f automobiles in
}/-• a -: the Overland” cars sell (5 and 7-passenger) at $650. 3 <50 and
$1,325, Its WiUys-Kniglit car for $1,285. Excepting tires and a few pat
ented appliances, it makes practically all parts from raw materials. The
sales have boon as follows:
xr
1907-08.
1912. 1913. 1914. 1915. 6m o. 1916.
N o. cars sold......................323 21.000 37.000 48,000 95.000
94,477
S T O C K .— In Aug. 1916 tho company, to incroaso its working capital
and service facilities, offered to shareholders o f record Sept. 5 the privilege
or subscribing at $44 per sharo for their respective proportions o f $15,000,000
o f tho common stock then held In tho treasury. This stock was under
written by J. S. Bache & Co. and C. D. Barney & Co., bankers, o f N . Y .
C ity. M r. Y lllys waived in favor o f tho pref. shareholders sufficient o f
\
his subscription rights to permit o f an offering to tho pref. shareholders o f
ono sharo, par valuo $25, for each sharo o f prof, stock outstanding. A fter
tho receipt o f tho procoeds o f the S I5,000,000 o f stock, the company was to
havo approximately $15,000,000 o f cash and S30,000,000 o f other strictly
9i'i C x as? r w lfl1 P ° liabilities other than strictly current monthly bills.
T
T
Tho N . Y . Stock Exchange in Sept. 1916 agreed to list $17,155,700 addi
tional common stock when actually issued, including this $15,000,000,
osckooi nen 1° ] r ’ 1cd
al
< ; amount actually listed Feb. 1917,
0
$36,294,050. V .103, p. 6b, 762, 853, 1039, 1046, 1216, 1432. On M a v 25
1916 each share o f common, par $100, was divided into four shares, par $25.
U n d o r p la n o f N o v ,M 9 1 5 1 t h e c o m p a n y p a id o f f a t 1 1 0 o n J a n . 13 1 9 1 6
t h o o r lK i n a l $ 4 . 4 8 3 , / 0 0 p r e f e r r e d s t o c k a n d s o l d a t 1 0 2 $ 1 5 0 0 0 . 0 0 0 ( o f
a n o w $ 2 5 ,0 0 0 ,0 0 0 p r e f e r r e d is s u e ) o f 7 % c u m . p r e f . s t o c k (p r e fe r r e d p r in .
T o .,i
'
11 aoo < . a/ter °,nQ y ear and convertible at par from
i°i
?Iv;
Jan. 1 1917 to Jan. 1 1922, both incl., into common stock at $300 per share
or proportionally reduced with issuo o f additional common stock.
T h e remaining $10,000,000 prer. can only be issued after Jan. 1 1917 under
restrictions. V . 102 p 1168. V . 101. p. 1633; V . 102, p. 257. 350. 443, 528.
rho company will set aside annually on or before July 1 1917 and yearly
thereafter for the purchase or redemption o f tho pref. stock a fund
equal to 3% o f the aggregate amount o f same issued, whether or not then
outstanding. YVithout the consent o f 75% o f tho pref. outstanding: N o
^ r^ a
ig0. sha b.°,
the assuts: salcl Pref. stock shall not be in
creased above said $25,000,000, nor shall any priority pref. stock be issued
nor any evidences o f debt running more than one year; nor shall the voting
powers bo changed. N o voting power unless four quarterly dividends are
20 4
D a te
B onds
M IS C E L L A N E O U S C O M P A N IE S
[F o r a b b revia tion s, & c .. see notes o n f ir s t page
W ilson & C o In c— Common stock authorized S20.000.000
Pref stk (a & d) 7% cum, red as a whole 12o, also sk fd — ls t M s fd S25.000.000 gold call 1 0 7 H -— - - - - - - -O c*& r*
W in c h es te r R e p e a tin g Arms— 2-yr notes, all call 100/ij&int
(F W l W oolworth Co— Common stock $50,000.000..............
Pret stock (a & d) 7% cum §15,000,000 red
- n- aaa
nnW o r th in g to n Pum p & Mach. Corp.— Corn stk $15,000,000
P re f A s t k 7 % cum $10,000,000 call 115 & d lv t e x t ........
P re f B stk 6% (cum 1919) $11,000,000 call 105 & divs----H olly M fg Co 1st M (new) guar p & i, call p a r -----------Jeanesvillo Iron Works Co 1st M -----------------------------
Common dividends (stock)........ - — ' 5)D000,000
Provision for redemption o f pref----2o0,000
A m ount
O u ts ta n d in g
Par
V a lu e
lo T in z
__ '04,16,
or.h'nno
2.)0,000
Balance, surplus for p eriod s-..
87.068,619 $2.149,697 $2,431,277>
Pres., John N . W illys, Toledo, O.; Treas., Frank K . Dolbcer.— (\ . 103,
p. 1216, 1432, 1894, 1995.)
W IL S O N & CO IN C .— Incorporated April 7 1910 in N ow Y ork.
Established In 1853. Has largo and modern plants ,n N • J •• —hi C
n?Pn
Kansas C itv and. through subsidiary cos., owns and operates a plant at
Oklahoma C ity , another at Sioux Falls, S. D ..
Cal. Combined capacity of present plants about 187.000 cattle, sheep and
hogs per week. Company has, either directly or through sub. cos., all or
whose stock it holds. 120 distributing branches by means o f which ami o f Its
refrigorator car service it distributes Its products to practically every city
and town o f Importance in the United States. Also does a largo export
trade. Indlrcctlv owns 2,015 railroad cars, o f which 1Jo / are refrigerator
cars. V . 91, p. 981. 1714; V. 90, l>. 1048; V . 94. P. 491.
S T O C K .— Pref. has no vote except in case or default in payment o f d iv i
dends for one year. V. 97, p. 527: V. 91. p. 1714. In
J915 the com.
stock was placed in a 5-year voting trust, A . Barton 11epbtiriu Charles M .
Sabin, Harry Bronner. Elisha Walker and Ires, lhoinas L . Wilson. V.
101, p. 292. In March 1916 control was acquired by purchaso o f a m a
jority o f the common stock by a group ot bankers, attended by tlio now
financing below mentioned. In July 1916 name was changed trom Sulz
berger & Sons Co. to Wilson V C o., Inc. 4 . 102, p. 125o, V . 103, P- H /•
fcftTho Now Y ork Stock Exchange in Jan. 1917, on listing tho preferred
stock and bonds and voting trust certificates for common stock, or
dered that $10,133,400 pref. stock bo listed on official notice ot issuance
in exchange for outstanding certificates for pref. stock in the name o f Su zberger & Sons C o .. with authority to list on or before July 1 1917 b 1.350,000
o f said stock on official notice o f issuance and payment in full, making tho
total pref. stock authorized to be listed $11,483,400.
Dividends on Dref.. 1 K % quar., paid to Jan. 1917 , Inclusive.
A sinking fund was established in 1913 to retlro each year at not over 125
and divs., the following percentages o f the pref. stock outstanding on p re
ceding Dec. 31: In 1914 to 1916. 1% ; 1917 and yearly thereafter. 2 % . The
sinking fund retired 3516,600 pref. stock prior to Dec. 1~ l.)I6 .
B O N D S .— In 1916 an issue o f $25,000,000 1st M . 6% bonds was author
ized, of which $15,000,000 were sold in March to retire the $8,099,000 6%
debentures due Juno 1 and for additional working capital, &c.
Ih o re
mainder is reserved to provide for 75% o f the cost o f future betterments
“ nd extenslons and to p
Pay prior liens on properties at the time subject to
the mortgage or owned bv companies a m ajority o f whose stock is pledged
hereunder
Annual sinking fund beginning 1917 1 % o f bonds outstand
ing. to retire bonds which are to be kept alive in sinking tuna.
Y e a r—
W hen
Payable
L a s t D iv id e n d
a n d M a tu r ity
Pla ces W h e re In te re s t an d
D iv id e n d s a re Payable
Checks mailed
Now York
Kidder P e a b .N Y & Bos.
Farmers’ L & T r Co, N V
do
do
115 Broadway, N Y
Girard Trust Co, Phila
C o m b in e d E a r n in g s f o r S ix C a le n d a r Y e a rs
Y e a r—
Sales.
Sales.
P r o fits .
P r o fits .
WORTHINGTON PUA1P & MACHINERY CORPORATION-—
O R G A N IZ A T IO N .— Incorporated in Virginia on April 21 U10 as a re
organization of the International Steam Pump C o., foreclosed per Plan in
V 101 p 531 620. 926; V . 102, p. 1890. Description o f properties April
1916, V. 103, p. 139.
„
S T O C K __V O T IN G T R U S T .— Lewis L. Clarke. Georgo G. Henry, Percy
Jackson. R. W alter Leigh and Charles It. Sabin are vofln g frustoiw o f the
stock under a voting trust agreement covering all three classes ol Its stock
for a period o f fiv e years from A pril 1 1916.
,
.,
.
.
C lass A p re f. stock is entitled to cumulative annual dividends at / % and
to a preference in assets and dividends over Class B pref. stock and com
mon stock, but such preference over Class B pref. stock is to continuo only
until both classes o f prof, stock shall havo received full dividends for 3 con
secutive years: it is redeemable at option o f company n t lL > and accrued
dividends
The C lass B p r e f. stock is entitled to annual dividends at 6% ,
nun-cumulative for 3 years, then cumulative, and to .a preferencei In assets
and divs. over the common stock, and is callablo at 10.) and divs.
O f tho Class A stock. $4,407,167 is reserved for additional capital to bo
issued onlv for cash at not less than par: thoro is also reserved f{^ additional
capital $678,329 Class B and $2,007,851 common stock. V . 103. p. 66.
D IV ID E N D S .— An initial quarterly dividend o f 1K% /was paid on the
$5 592,833 Class " A ” pref. stock, July 1 1916; Oct. 1, 1K % ■ana again Jan.
1917. V . 102, p. 2173.
B O N D S .— N o mortgago or other lion can bo created oxcept on vote of
s & Z ii
81.778:“ "
S 8 l| l$ !
MOM -IO
^ Gross’sales. $122,000,000 in 1915, against $91,000,000 in 1911.
O F F IC E R S .— l ’res.. Thomas E. Wilson: Vlce-Pres., Jas. A . Howard;
Sec , E . R. Boswell. Office, 816 First A v e ., N . A .— ( V . 103, p. 41/, 1-00.
1709, 2436; V. 104, p. 263, 368.)
W IN C H E S T E R R E P E A T IN G A R M S C O .— Incorp. in Conn. In J867’
Plant at N ew Haven. Conn. Balance sheet o f D e c .31 1916 showed: rOtal
T.ssi‘ts ^42 43S 263. Outstanding cap. stock in $100 shares, $1.000,000
(no bonds);’ notes payablo, $16,000,000; surplus 818,343-488. 0™ v./
from 1905 to 1915 averaged 55% p. a. In 1916 sold $16,000,000 2 year
5% notes. Notes are callable In any or all amounts at,
and Int. on
any int. date upon 30 days’ notice. As to modification ot English ritlo
contract in Dec. 1916, see V . 103, p. 2084.
R E P O R T .— For fiscal year end. Dec. 31 1916. V . 101, p. 657:
N e t sales________________$26,441,075 Betterments. & c.............. $140,374
T o ta l net profits............ 4,448,851 Deprec n reserve.............. 1,157,015
i nf fiv es A c
1.523,6831Balance, surplus----------- 1,627,779
SPiPros'., Winchester Bennett.— (V . 102, p. 443, 615, 810, 890; V . 103, p.
2084; V . 104, p. 657.)
VVIN TO N C O M P A N Y (A u to m o b ile s ).— (V . 103, p. 1597.)
tP
W ) W OOLW ORTH CO.— O R G A N IZ A T IO N .— Incorporated in
New York Dec 15 1911. Acquired the business ol F. W . Woolworth & Co.,
s TT Knox & Co F M Kirby & Co. E. P. Chariton & Co., the 6 and 10
cent store business of’ c. S. Woolworth, W . H. Moore and W . H . Moore A
Son and the controlling interest in F . ^ . Woolworth & Co.. Ltd , of Great
Britain. Operates 920 5 and 10-cent stores in th e U. S. and Canada, the
j,’
Woolworth & Co. (controlled) operates thus lar 73 stores In England.
See V. 91, p. 567; V . 97, p. 449STOCK — No mortgage or encumbrance shad be created without the
consent of’ at least three-quarters of each class of stock, nor th ep re l. stock
increased without the consent of two-thirds of each class
The ''h o le or
aiiy part of the pref. stock Is redeemable on 3 months notice and w ill be
entitled to 125 and accrued dividend In case of liquidation or dissolution.
The pref. stock has no voting power except in case o f default in payment of
thrpo nnnrtarlv dividends. V. 94. p. 567* In IVTay 1916 it was voted to
purchase and cancel $500,000 p ref.. reducing the amount out to $13,000,000.
P Divs on pref., 1 K % quar. A pril 1912 to Jan 1917, inch D iv. on coin.
\c/ paid Sept. 20 and Dec. 20 1912 and July 1 .1913: June 1913 to M ar
1915,1 114% quar.; June, 1915, to Jan. 1917, I K % ; Juno, 1J16, common
dividend was Increased to 2% quar.; Sept., 2 %; Dec., - 7c.
cates —
1917.
1916.
Increase.
M onth o f January...................................$5,599,075 $4,648,257 $951,718
R E P O R T .— Report for cal. year 1916, In V . 104, p. 555, showed.
ra t V '
Net
Net E Pref.Lnts. Common
Prem .on Balance.
v ,ir
sales
Income.
(7°/,)Dividends.
Pf.Stk-.&c. Surplus.
1916‘ $87.089:271 $8 713.445 $927,500 (7H )$ 3 .875,000$ 118,620 S3.792,319
1915-^75.995.774 7,548,210 953,750 10K)3.375,0(J0 10,510 3.208.950
%
1916............$87,089,271 $8,713,445 1913.............$66,228,072 $6,461,118
5,414,798
1915............. 75,995.774 7.548.210 1912............ 60,557,767
4.955,256
1914________ 69.619,669 6.429,895 1911— ...........52,616,124
Pres., F. W . W oolworth.— (V . 103, p. 249, 584, 948, 1797, 2164; V . 104
F or cal. year 1#15. V . 102.i M J *
......
Rate
$100 $20,000,000
Q —J Jan 2 1917 1 H
See text
7
100
A 6 & O A prg 1 1941
000
1.000 &c 15.000.
M 5 & S March 1 1918
16.000.
000
1916
Doc 1 1916. 2%
Q
000 See text -M
100 50.000.
Q—
000
7 J Jan 2 ’ 17.1 H %
100 13.000.
100 12.992,119..............
Jan 2 1917 l i
100 5,592 ,H33----------100 10.321,671 ----------& J July 1 1922
423.400
5
100 &c.
1916
& J
200,000
5
In default, in which case the prof, will have sole voting power until all arrears
o f dividends are paid.— V. 102. p. 159.
1917
1915.
1916.
D IV ID E N D S —
[1913.
1914.
3 qu.
6
9
6
6
Common stock-------------- % ]
5 stk.
T e xt
--------do
extra____________ l 5
-
3% Aug. 1. Also in July
In 1916 paid l 'A % in Fob. 1 H % m M a y
>16
1916 declared 10% payablo in stock 5% on Oct . 2 191 and 5% A pril 2 1917.
V . 103, p. 249.
E A R N IN G S .— N e t profits for 6 months ending Juno 30 1916 loss prof,
and common dividends and adjustments, wero $5,/o6,13.L
ing $14 229,983 good w ill, patents, trade-marks, &e., tho profit and loss
surplus1 Juno 30 19 16 was' $13,471,706. V. 102. p. 1039. Shipments
1
during 6 months ended Juno 30 1916. wore 94,4/7 cars, against 37,841 for
tho same interval in 1915.
R E P O R T .— For yoar ending Doc. 31 1915.— V . 102, p. 1056, showed:
*
°
Year end. 6 M os. end. Year end.
Dec. 31 ’ 15. Dec. 31 ’ 14. June 30 ’ 14.
N o t earnings and income (see below )-$11,201,256 $3,327,499 35,864,858
Deduct— In t. on floating debt, &c—
$330,578
$168,400
$333,583
Reserve for contingencies- 1,000,000
50.000
300,000
Preferred dividends (cash)-------------(6)1,229,895 ^/airnn'nnnfllvJ ,-00,000
dividends-------------------- '/ rl^ oo n 'ln r
Common
(3)600,000(11)2 en o’flOO
REPO RT.
[V o l . 104
IN D U S T R IA L STOCKS AND BONDS
tWTho now fo n £ n y 'w fllgn u ira n te e payment o f the principal and 5 % inter
est from July 1 1915 o f new H olly M fg . Co. 1st M . bonds ($423,400).
D iR T T r - r o R q __Oharlos I I Sabin, A . W . Burchard, George G. Henry.
Edwvrd H W ells K s
L . Clarke. T . Frank M a n v llR R . W alter
Leigh Harrison Williams, J. E. Saguo, L . F . Rothschild. Percy Jackson
and H • f e k M oller; See.. N . M . Clark. (Pres and Treas. not chosen to
Juno 21 1916.) N . Y . otficc, 115 B way.— ( V . 102, p. -173, > • DM, p. ob,
139, 762, 1123.)
Y O U N G S T O W N S H E E T & T U B E C O .— (V . 103, p. 1894. 2349; V .
104, p. 78, 170. 459, 670.)
Y U K O N G O L D CO., N E W Y O R K .— (V . 102. p. 615. 974, 981.)
RAILROAD COMPANIES.
S U P P L E M E N T A R Y — See also T a b le s 4 to 137.
a
$62,495: other income, $468; int. & rentals, $112,99., bal., def.,^..)0,035.
Pres., H . B. Stewart, Canton, O.; Soc., Jay Taylor. (V . 9o, p. 678.)
. i i R i » i c. M i s s i s s i p p i R R .— Operates from Vinegar Bend, A la.,
to Pas^agoula, M k i. on l & N U R .. 76 miles, of which 42 miles between
Evanston and Pascagoula Is owned by
i
^ %
On July 30 1915 had outstanding only $10,000 stock and $185,000 O /
o
nit.'o bonds
Officers: N . E. Turner, Pros. & Gon. Mgr-: A . U. lurnor,
v!-P res., Sec. & And., and H . S. Turner. Treas., all o f Vineger Bend, and
G. M . Luce, V.-Prcs.. o f M obile, A la.— ( V . 103, p. 3-1.)
a d a i A/’ i u r n i a N O R T H E R N
R R .— River Jet. to Apalachicola,
F l ^ P 79mUes; ApalacldCola to P t . St. Joe, Fla.. 23 miles. V. 8 7 ,n 935.
R ec eiver disdiarged Feb. 22 1916, all floating debt having boon paid w ith
out foreclosure proceedings. Th e shareholders on Dec. 30 authorized ro-
^ U o'nils',1 JlOO'.0Of?'(Id ■ ate’ lr . ’ (k )., E. St. Louis, trustee), all held by
R
$2
committee, who collects interest only as earned.
PresiFor 2 months ended Aug. 31 1916, gross, $30,563, net, $1,615. 1 rest
dent, A . T . Perkins, St. Louis.— (V . 102, p. 2165.)
in Dec 1915 (V . 101, p. 2142) with $1,0()6,0()0 stock, as succi^.sso^oonn^nnn
I a & "G ulf R y ., foreclosed; no new bonds at organization, but $200,000
Crossett. A rk.— (V . 101. p. 922, 2142.)
k i d m i n o h a M & A T I A N TIC RR.— Talladega to Coal City, A la.. 31
mlles^'branohes 'Ropans to ore beds. 9 miles, and Furnace to Welslngeri.
miles. Drancnes,
stock SI 000.000, all common; par of share*.
O n o n is S500 000 40-yTar Ist s. due N ov. 1 1931 ($1,000 each.)
in t^ payable M 7 * N “ in default. Year ending Juno 30 1914. gross $23.nnal
.ipf
(bill* other income, $2; int., taxes, &c., $45,340, bal.t
«V in n .i’ in 1012-13 gross, $23>15: oper. dof.. $4,532.
Pros..
Sidney n ! March: See. and Treas., W . J. Kingsbury, 25 Broad St.. N . Y .
P H i r / f i n M il W a U K F F & G A R Y R Y .— In operation from Rockfoial V lL j S Dehnai\129.51 miles. including Elgin Joliet & Eastern trackage
trasts $74V42001' ^eaV cndw l June 30 1016, gross, $44r).768: net. after
ta x S 853.498. Pres.. Albert T . Perkins care St, Louis Union Trust C o..
St. Louis.— (V . 99, p. 1051; V . 101, p. 109-. 1309.)
r.t-1 a wj \ d r? m a o v i AND & V IR G IN IA RR.— Owns from Harrington
of the $526,758 stock (par $25). In year ending Dec. 311^ i o . Kn« s . $404,
012- oper def., $84,841; other income, $1,460, int., &c., ^ .ti9
o/o, l u *.
def * for year. $175,053.
m ^
Ineoro In Maine. A reorganization after foreclosure M ar. 1 1910.
ner nian In v ! 88, i>. 294. Control acquired in Aug. 1916 by Cuban bank
ers. V. 103. p. 758; V. 93. p. 1725.
F e b ., 1917.]
IN D U S T R IA L STOCKS A N D BONDS
205
Stock authorized and Issued, common, $2,750,000; 1st pref. 7% non-cum..
D IV ID E N D S —
f '03. ’04. ’ 05. ’06. ’07. '08. ’09. ’ 10-’ 15.1916.
52,750,000, and 2d pref. 5% non-cum., $250,0OO; par o f all shares, $100 Since 1902. % .......... 1 4
4
4 4
3 \ U 2 'A 3 y ly .
244
each. Equipment trust notes July 191b, $245,000; 2-yoar 0% redoomablo
In Dec. 1916 the dividend was om itted. V . 103, p. 1890.
notes, $429,500; loans & bills payablo, $319,641.
R E P O R T for year 1915 in V. 102, p. 1985, showed profits, $158,139, agst.
E A R N IN G S .— For year ending Juno 30 1916, In “ Ohron.” Oct. 28, $499,104 in 1914 and $510,593 in 1913; divs. (3 % ). $439,416; bal., sur.,
showed gross, $597,732; net, $120,458; profit outside operations, $33,475; $18,723. Pres., G. W . Wilder; Treas., O. D . Wilder, Butterick B ldg..
bal., $153,933; other income, $12,802; int., taxes, &c., $98,264; amortiza N . Y . C ity .— (V . 100, p. 1316; V. 102, p. 1438, 1985; V. 103. p. 1890.
tion o f discount 2-yr. redeemable notes, $33,560: bal., sur., $34,912.
C E N T R A L D IS T R IC T T E L E P H O N E C O .— O R G A N IZ A T IO N .—
O F F IC E R S .— M . It. Lewis, Pres.; Robert L . Doan, Sec.; I. M cD . Gar
Operates under license from Amer. Telephone & Telegraph Co. in western
field, V .-P . & Treas.; Jose llosch, V .-P . N . Y . office, 82 Beaver St.—
part o f Pennsylvania (including Pittsburgh , northern part o f W est Virginia
(V . 103, p. 1508, 1592.)
and eastern part o f Ohio. Stations Dec. 31 1916, 202,431 (not inch 51,137
H A M PD E N R R . C O R P O R A T IO N .— Owns Springfield to BondsrlHe. service and connected stations ). Stock authorized, $25,000,000 outstand
Mass., 14.82 miles; completed, but in Jan. 1917 not yet operated. Stock
ing, $15,000,000, practically all owned by Bell Telephone Co. o f Pennsyl
auth.. $1.400.000. Th e time to construct the road to Holyoke and Chico vania. Dividends at not less than 7% paid since 1896; present rate 7% .
pee Falls has been extended to July 1 1918. V .100, p. 1509. Bonds
Bonds, $25,000,000 auth. Issue, o f which $10,000,000 sold; remainder
authorized by the Massachusetts Railroad Commission, but not issued,
Issuable only as equal amounts In cash are obtained from sales o f stock and
$1,900,000.
Notes, about $2,000,000 6s, were extended one year invested in Pennsylvania and West Va.; $50,000 retired by sinking fund.
to July 1 1915. V. 99, p. 537. On July 2 1914 suit was fllod against
Redeemable as a whole on or after Dec. I 1918 at 105 and Int. on 3 mos.'
B. & M . to enforce alleged “ contract liability’ ’ amounting to $4,000,000,
notice. Annual sinking fund o f 1%. V. 98, p. 613, 765. 1159.
the approximate cost of road. Under the A ct passed June 1915 by the
R E P O R T .— Report for 1915, V . 102, p. 884, showed:
Mass. Legislature, the B. & M . Is authorized to purchaso the road subject
Calendar
Gross
N et
Interest
Dividends.
Balance,
to approval o f tho R R . Commission. V. 98, p. 1920; V. 99, p. 48, 748; V.
Year—
Earnings.
Earnings.
Charges.
(7 % ).
Surplus.
100. p. 397.— (V . 99, p. 48, 537, 748. 1673: V. 100. p. 397, 1509.)
1916---------------- $7,794,588
1,893,449 $511,240 $1,050,000 $332,209
H A W A IIA N C O N S O L ID A T E D R Y ., L T D .— Owns Paauilio to Puna,
1915............ .
6,949,496
1,733,619
511,244
1,050,000172,375
T . II., 57 miles; Olaa M ill to Glonwood, 17 m.; branches, 7 m.; total, 81 — (V . 100, p.736; V . 101. p.447, 802, 884.
miles. Successor in April 1916 o f Hilo R R ., sold under foreclosure and re
C E N T R A L STATES ELE C TRIC C O R P O R A T IO N — O R G A N IZ A T IO N .
organized, per plan in V. 101, p. 1713. 2071. with authorized issues not to
exceed the following: (a) $2,500,000 1st M . 5s; (6) 7% cum. first pref. stock — Incorporated in Virginia May 28 1912, with power, among other things,
( " A ” ), say, $3,000,000; (c) 6% non-cum. 2d pref. stock ( B ’ ); (d) common to acquire stocks and securities of public utility corporations. Owns over
stock. For year ending Juno 30 1915. gross, $429,089; net, $228,981; 75% of the $8,803,200 Cleveland (O.) Electric Illuminating Co. com
mon stock. V . 99, p. 272. Common stock has been deposited with Edwin
bond interest. $269,700; other interest, rents. &c., $63,107; bal., def.,
M . Bulkley, Anson W . burchard and Harrison Williams as voting trustees.
$103,826. In 1913-14, gross, $436,405; net, $180,165. Pres., B . F. DiiD Iv. on pref., 144% quar.. paid Oct. 1912 to Dec. 1916. D iv. on com
ngham" Honolulu. T . I I .— (V. 101. p. 1628. 1713. 2071.)
y . none. V.
H O O SA C T U N N E L & W IL M IN G T O N R R .— Hoosac Tunnel, Mass., mon stock. 1914, 4% ; 1915, Feb.. 44%; M a June 1 1922 100. p. 1835. au
The 10-year5%
notes due
($0,000,001)
to Wilmington. Vt., 24 miles. M ade standard-gauge In 1912. V. 95, p. thorized issue) are secured goldcall, in whole or part, on any Interest date,
subject to
1511. Stock. $250,000; par, $100. D ivs.: In 1903, 2% ; year 1905-06, on due notice, at 101 and int., and convertible at par into pref. stock at
3% ; 1910-11 and 1911-12, 10%: 1912-13 to 1914-15, none. Earnings for
1915-16. gross, $118,737; net, $26,653; bond Int., $11,317; charges, $2,376; 105, with the right to convert if called for payment prior to maturity.
$5,963,784
(over
sur., $12,960. against $4,690 in 1914-15. Pres., Joint P. Kolias, Malone, o f Th e outstandingissued are secured by deposit o f $6,630,400 94, p. 75% )
tho
Cleveland El. 111. Co. common stock. V.
1451;
N . Y .— (V. 95, p. 1541.)
V. 95, p. 50, 1334. Pres., Geo. A . G allivcr.— (V . 100, p. 477, 1835.)
M O R E H E AD & N O R T H F O R K R R .— Morolioad to Itcdwine, K y ., 24
T H E C H E S A P E A K E & P O T O M A C T E L E P H O N E C O M R A N Y .— In
miles; 6 m. branch. Stock, auth., $500,000; out, $260,000; par, $100.
Bonds, see table above. For year ending June 30, 1914, gross, $93,632; corporatod under Now York laws July 2 1883. succeeding tho Nationa
not, $25,341; charges, $19,731. A . W. Lee, Pros., Clearfield, Pa.; Sec. & Capital Telephone Co. o f Washington, D. C ., and tho Telephone Exchange
Co. o f Baltimore, M d . Stock authorized S15,000,000; outstanding, $13,
Treas., John W . Wrigloy. Offico, Clearfield, K y .
000,000. A ll owned by Bell Telephone Co. o f Pennsylvania and tho N . Y .
W H IT E PASS & S UKON RY — Owns a narrow-gauge line 110 miles in Telephone Co. Present dividend rate 6% .
length, extending horn Nkaguay, Alaska, to White Horse. (V . 69, p. 335;
Stations Dec. 31 1916, 77,344 (not incl. 17,919 service and connecting
V. 67, p. 1162, 1138); also operates steamers between W hite Horse and stations.)
Dawson City and Caribou and A tlln. V. 73, p. 443; V. 75, p. 1300. White
B O N D S .— Authorized, $1,500,000; outstanding, $1,291,000. Redeem
Horse cooper mines branch.
at 103 and interest
any interest date upon three weeks’ notice. Sink
S E C U R IT IE S
Of the stock, £255,555 Is reserved to retire a like ablefund 2% annually oonoutstanding bonds.
ing
f
amount of debentures. V. 72. o. 582; V. 74, p. 479. British Yukon f ! v „
E A R N IN G S .— For calendar year 1916: gross, $3,684,013; net (after
V. 86, p. 1099. 1166; V. 88. p. 687. Tho Interest duo Jan. 1 1915 to June 30
1918 on tho 6% debentures and 5% debenture stock was paid in scrip (with $929,695 for maintenance, incl. deprec.), 1,598,167; interest, $651,399:
a bonus o f 1 % ), carrying Interest from Juno 30 1915 at 6% and 5% , respec dividends (6 % ), $780,000; balance, surplus, 166,768.
tively.. repayable on Dec. 31 1930. V. 100. p. 57. 400: V . 103, p. 321.
C H E S A P E A K E & P O T O M A C (B E L L ) T E L E P H O N E C O . O F V I R
Coupon N o. 32 o f tho 6% debentures, duo on Jan. 1, was not paid, but G I N IA .— Incorporated in Virginia in 1912 as successor o f the Southern Bell
with the installment duo July 1 next will on notice bo exchangeable for in- Tolop. & Teleg. Co. o f Virginia. Stations operated directly Dec. 31 1915,
coino debenture stock. V. 103, p. 363. In M ar. 1914 sold £70.000 6%
70,053.
Stock, $4,247,(K)0 owned by the Ches. & Potom ac T e l. Co. o f
secured notes. V . 98, p. 840.
N . Y . , and so by tho Beil Telep. Co. o f Penna. and tho N . Y . Telephone Co.
D IV S .—
] 01. 03. 04. ’05. 06-08. '09. ’ 10.
1911-13.
1914
There is also a Ches. & Pot. T el. Co. o f W . Va. similarly controlled (V . 104.
Cash................ ..% ]
5 244 5 344 5 yly .
3 2 1 yly . (Jan.)
None. p. 455.)
S t o c k __________ % ( 25 -- -- --------- ----------------O f tho bonds ($.5,000,000 authorized issue), $3,347,900 outstanding
For year ending Juno 30 1915, total income. £56,233; charges,£82,415;
Dec. 31 1916, $68,700 in treasury and $83,400 retired through the sink
not, deficit, £26,182. against £10.186 for 1913-14.
ing fund and $1,500,000 reserved for improvements and additions. ReWISCONSIN & M IC H IG A N R Y .— Owns from iron Mountain, Mich., to deomablo as a whole after M a y 1 1918 at 103. Sinking fund, >4 o f 1%
Peshtlgo Harbor, Wls., 75.79 miles; branches, 51.66 m .; trackage, 8.50 rn. semi-annually beginning M a y 1 1914; Old Dominion Trust Co. o f Rich
In May loo t logging railway Pembina, Wls., westerly 42 m., was purchased. mond, trustee. V. 98, p. 7C5, 915; V. 100, p. 558. For cal. year 1916,
V. 78. p. 2013. In Mch. 1911 John Marsch of Iron Mountain, Mich., It was gross, $2,171,208; net (after $786,107 for maintenance, incl. depreciation)
reported, acquired control. V. 92. p. 660 On Feb. 1 1912 S. N. H arri $355,847; interest, $162,209; dividends (4 % ), 169,880; va l., sur., $23,758.
son was appointed receiver. V. 94, p. 418. Stock, $951,500, auth. In — (V . 103, p. 2344.)
June 1905. to he Increased to $5,000,000; par value 5100. Current liabilities
C L E A R F IE L D B IT U M IN O U S C O A L C O R P O R A T IO N .— O R G A N
June 30 1914, $943,208. Last coupon on 1st mtge. bonds paid was that
IZ A T IO N .— Incorporated Oct. 7 1886 under laws o f Pennsylvania. In
maturing July 1 1898. Of the bonds, $905,000 1st 5s and $150,000 4s were Oct. 1910 owned over 148,000 acres o f coal lands, mineral rights, &c., in
lncl. In the collateral turned over to t h e Chicago hanks in Jan. 1010 on settle
Clearfield, Centre and Indiana counties, Pa. Stock, $825,000, all owned
ment o f the Walsh notes. V. 90. p. 169. Y e a r ’ 13-T4,gross, $122,920: net
by N . Y . Central R R .
$626; oth. inc.. $17,487; rentals, taxes, &e., $16,487 (bond Int. not incl.)
In 1911 acquired, per plan V. 92, p. 1439, property o f tho Pennsylvania
Coal & Coke Co. (foreclosed June 23 1911). Under said plan the company
net, $5,609
E A R N IN G S .— 6 m os.,f 1915................. Gross. $00,833;
leases to the Pennsylvania Coal & Coke Corp., the successor of the company
July 1 to Dec. 31.
(1914..................Gross.
54,742;
net,
605
Year 1915-16, gross, $149,311; net, $31,905. Vlco-Pros., Emil Marsch; of the same name, organized with $7,500,000 stock, the developed proper
ties, amounting to about 59,000 acres, until the coal Is exhausted. Annual
Sec., John Marsch; Treas., Chas. A . Olin, Chicago. Offico, Pcshtlgo, Wls.
minimum rental o f $225,000. See V. 93, p. 1606; V. 98, p. 391.
— (\?. 94. p. 209, 418; V. 95, p. 751.)
B O N D S .— Tlio N . Y . Central R R . Co. guarantees (V . 103, p. 1794)
W IS C O N S IN & N O R T H E R N R R .— Projected from Monasha, W ls.,
north to Mass, M ich., 210 miles, with branch to Antigo, Wls., 24 mllos o f p. & L, o f tho 4 44s o f 1911 ($5,000,000 auth.), present issue, $2,500,000.
(V . 92, p. 1439; V. 93, p. 164: V. 103, p. 1794.) These bonds are dated 1916
which Shawano to Crandon, and AY. & N . June.,75miles, werooporatedOct.
(see V. 103, p. 1794) were a first lien on 22,000 acres o f coal and a general
1916 and 24 miles Crandon to Black Creek, on Green Bay & Western R R .,
was under construction. Stock, $1,500,000; outstanding Juno 30 1915. mortgage on 126,000 acres, subject to $7,114,700 closed prior lien bonds,
$1,414,632; par, $100. Bonds, $10,000,000 auth.; none outstanding including those shown in table on a preceding page, and .also the following:
Jan. 1 1916. Loans and bills payablo Juno 30 1915, $301,008. Year end
Bonds on Penn. C. & C. Prop. Date.
Interest. Outstanding. When D ue.
ing Juno 30 1915, gross. $85,110; not, $17 ,544. In 1913-14, gross, $92,817;
5M &S
$42,000 Sept l 1924
Watkins mtge. bonds______ x 1899
net, $26,053; int., taxes and hire of equip. $24,596; bal., sur., $1,789.
Webster C. & C. 1st cons. M tg.xl902
5 g M-S
2.634.000 March 1942
Pres., J. S. Jonas; Sec. & Gen. M g r., O. I I . Hartley. Offico, Oshkosh, Penn. C.&C. 1st M. Ser. A . g .l
1902 5 g J-J
1.084.000 July 11932
Wis.— (V . 87. p. 741; V. 101. p. 1975; V. 103. p. 240.)
red. 105 s. f. 3c. per ton. .xj Int. at Commercial Tr. Co., Phila., trustee.
1898 4 A-O
96.000 Oct. 1 1924
W R U 1 H TS V ILLE & T E N N IL L E RR — Tennllle. Ga.. to Hawklnsvlllc, Chest. Creek Land & Im p t.f
first m ortga ge_______ C K z j T o be retired $12,000 yearly.
76 miles: Dublin to hastman, Oa.t .28 miles (former Dublin & Southwestern,
Beech Creek C. & C. 1st m tg.l
1904 5 g J-D
2,017,000 Juno 1 1944
acquired Aug. 1907): total, 104 miles. Incorporated In Georgia Dec. 1883.
$3,000,000 g. guar. p. & 1 U nt. at Columbia T r. Co.. N . Y .. trustee
.
Stock, common, $530,000; pref.. $70,000; par. $25. Central of Georgia
end. redeem. ($1,000 each) Sinking fund 3c. per ton; minimum, $75,000
owned June 30 1915 all pref. and $278,575 common. First mtge. to Citi
(V . 80. p. 1364)............xc*l yearly; V. 78, p. 1910: V. 79. p. 1706
zens’ & Southern Bank. Savannah, for $250,000; $10 000 in treasury
West Branch Coal Co. 1st M .\ 1896
5JJ
98.000 Jan 11930
$40,000 having been retired and canceled Dee. 1915. V ’ 85 t> 285 79 >
($1,000)__________________ JII. B. Powell, Clearfield, P a ., trustee.
1578; V. 102. p. 951.
’ 1
Divs., long 6 to 7% yearly; 1904, 7 % ; 1905, 6% ; 1906 1 %: 1907. 11% :
1
Pres., A. H . Smith; V .-P ., H. 8. Vanderbilt; Sec., D . W . Pardee; Treas..
1908 to 1911, 6% (.J & J.): Doc. 18 1911,3% ; July i and Dec. 24 1912. 3% . M . S. Barger. Office, Grand Central Term ., N . Y .— (V . 93, p. 1604;
July 1 1913. 3% 1914. 6% (3% J. & J.): 1915, Jan., 3% ; July, nono. V. 103, p. 1794.
1916, Jan., 3% ; July, nono. 1917, Jan.. 3% each class.
(W M .) C R A M P & SO N S’ S H IP & E N G IN E B U IL D IN G C O .— Incorp.
For year ending Juno 30 1916, gross, $264,339; net, $10,743; other inc., in Penn. March 26 1872. Properties owned. V. 78. p. 46; V. 90. p. 916.
$4,293; int., &e., $25,118; bal., def.. $4,083.
In June 1915 a largo interest was acquired by N ew Y ork and other
Pres., H . D. Pollard; Sec. & A u d .. M . Lanigan, Tonniile.— (V . 102, p. parties. V . 100. p. 2013; V. 101, p. 50; V. 102, p. 156.
155.)
In Oct. 1916 plans for a comprehensive refinancing o f tho company were
YOSEM1TE V A L L E Y R R .— Merced, Cal., to the Yosemtte National reported under consideration, looking to the retirement o f all obligations
Park, 78 miles, completed May 15 1907. Stock, $5,000,000. all outstand ahead o f the $6,098,000 capital stock, cither by refunding into now m ort
ing; par. $100. 1st M. bonds ($3,000,000 auth.), V. 82. p. 511. 930; V. 84. gage bonds or by payment out o f the proceeds o f an issue o f pref. stock at
p. 1553. 2d M. 5s. $2,000,000. held in treasury June 30 1914. For year the same time capitalizing to present shareholders $1,600,000 spent and
ending Juno 30 1915. gross, $323,215; net, $117,548: other income, $1,080; to bo expended out o f the income for plant additions and improvements
int., &c., $158,026; bal.. def., $39,418. In 1915-16, gross, $429,396; not, undertaken a year ago and then about completed.— V. 103, p. 1510, 2081.
$244,430. Pres., Frank G. Drum; Auditor, Julius I I . Etlls. Offico, M er
S T O C K .— Stock, as increased Juno 1903, $6,250,000; outstanding, $6,
ced, Cal.— (V . 85, p. 655.)
098,000; par o f shares, $100. O f this, $5,621,000 has been deposited with
voting trustees, viz.: E. T . Stotesbury and Levi L . Rue. Phila., and Geo. F.
Baker, N . Y . V . 76. p. 921, 975, 1037; V . 101, p. 290; V. 102, p. 803.
IND USTR IAL COMPANIES.
D IV S .— f
1892.
’93. ’94. ’95. ’96-’97. ’98. ’99. ’00. ’01. ’02. None
S U P P L E M E N T A R Y — See also T a b le s 138 to 204.
Per cent___\8& 20ser. 10 18 7
Nono 144 5
5
5 344 since.
B O R D E N ’ S C O N D E N SE D A11LK CO.— O R G A N .— Incorp. in N . J. in
B O N D S .— Th e 5% serial notes ($2,260,000 outstanding) mature part
1899. V. 68. p. 821; V. 69. p. 1195: V. 74. p. 97. 579: V. 76. p 656. Prico
Jan. 1 and July 1, semi-annually, viz.: $140,000 to July 1 1918, then
adjustments In 1916, V. 103, p. 607; official statement, V. 103, p. 1592.
$170,000 for 5 years, but subject to call at 102 44: secured by $5,000,
000 consol. 5s o f an authorized issue o f $7,500,000; o f tho latter, $2,
D IV ID E N D S — (1903 1904 1905’0 6 '0 7 '0 8 t o ’ 14
’ 15 1916.1917.
000,000 are reserved to retire prior liens and $500,000 for future pur
On common ( % ) . . _ !
8
8
8
8 8
8 yearly
8
8
4
poses. Seo V . 76, p. 921, 975. First M . gold 5s o f 1899. $1,075,000 (int.
E x tr a ----------------- 1 - 144
2
2 2
----------------Pros., S. Frederic Taylor; V .-P ’s, Walter M . Gladding, H. N . Hallock; M . & S .), duo March 1 1929, but subject to call $25,000 yearly Jan. 31 at
110 for a sinking fund. Real estate mortgages April 30 1916, $555,444.
Treas., Franklin D. Shove; Sec.. Sidney J. Pearson. 10S Hudson S t.—
V. 67, p. 1310: V . 68. p. 383; V. 78. p. 46. In Jufy 1916 sold $1,500,000
(V . 93, p. 1107; V . 103, p. 667, 1592, 2430.)
5% one-year collateral notes secured by $1,670,000 5% consols. V. 103.
B U T T 0 R IC K CO.— O R G A N IZ A T IO N .— Incorporated In N . Y .o n Jau. p. 63.
15 1902. Owns stocks o f various cos. publishing magazines, manufacturing
R E P O R T .— Report for 1915-16, in V . 103, p. 237, showed: N ot, after
papor patterns, <Stc. See V . 75, p. 237. Stock was on Oct. 19 1909 a u th
depreciation (Incl. subsidiaries), $1,299,376; charges, $211,672; bal., sur.
orized to 1)0 Increased from $12,000,000 to $15,000,000, to acquire tho
$1,087,704. In 1914-15, net, $956,797; charges, $305,162; bal., sur.
$1,000,000 Ridgway C o. stock. Rldgway Co. has out $250,000 first 7%
$6^1,635.
bonds duo M a y 15 1018.
D IR E C T O R S .— II. A . Berwind, Androw Fletcher, Hoboken; N . J.
Underlying bonds, $1,200,000 hodoral Pub. Co. collateral 6s due 1920,
payable 10% yearly beginning 1910, o f which $960,00J has been retired, W . Hincklo Smith, 11. S. Grove, I I . W. Hand, C. E. M ather, G. II . M cFad
and $500,000 Butterick Pub. Co. 5% real estate mortgage, maturing den, Phila.; H . B. Taylor, V.-Pres., Carroll S. Smith, N . Y . C ity and W . M
Potts o f Wycbrook, Pa. Officers; Pres., II, S. Grove; V .-P . & Gen. M gr.
Sept. 7 1910.
206
R A IL W A Y A N D IN D U S T R IA L STOCKS A N D BONDS
H . W . Hand; Sec. & Treas., C. T . Taylor; Asst. Sec., R. L . Howe, and Asst.
Treas., C. L . Peterson.— (V.103,p.63, 237. 1510,2081, 2431; V. 104, p. 365.)
C U M B E R LA N D TE LE P H O N E & T E L E G R A P H C O — Incorporated In
Kentucky In 1883.
Operates under perpetual and exclusive license
trom American Bell Telephone Co. through the entire States of Mississippi
and Louisiana, Tennesseo and Kentucky and a few counties in Illinois. In
1915 sold its property in Indiana to Southern Telephone Co. o f Indiana,
all o f whose stock it owns. Subscribers Sept. 30 1916 owned stations,
200,896; connecting stations, 95,023. Southern Bell Telephone & Telegraph
Co. owned Sept. 30 1916 about 99% o f stock. V 95, p. 684.
A fter cancellation o f 812.000,000 o f the 815,000.000 5s o f 1912 theremalnder may be called as a whole after 1916 at 105 and int. on 8 weeks notice.
T h e greater part of the issue was acquired by Am . Tel. & Tol. Co. and by t
exchanged for Cumb. stock, which has been canceled. V. 93, p. 1467; V.
94, p. 210, 354. Th e 36.000,000 2-yr. 5% notes due Apr. 1 1916 were
paid at maturity. See Am . Tel. & Tel. Col above. V. 98, p. 1247.
D IV S .— i'9 2 t o ’97. '98. ’ 99. ’00. '01. '0 2to'0 7. '08. ’0 9 to T 2 .,13.’ 14-’ 15
Per c e n t 4 yearly
5 5>4 6M 6 K 7 yearly 7 'A 8 yearly 7
6
1916. three quarterly payments o f 1H % each . x
Also 2% in stock or Amer. T el. & T e l Co. Sept. 15 1909.
R E P O R T .— Report for year 1915 In V. 103, p. 1404, showed, gross. 37,
880 374; net. 82.180,667; rent, Inc.. &c., 31.300,089; dlvs. (6 % ), 8664,809;
bal., sur., 3215,769. Offices, Atlanta, Ga.— (V.102, p.1062; V.103, p. 404.)
El ECTRIC STORAGE B A T T E R Y .— Incorp. in 1888 in New Jersey
Owns basic patents for storage batteries. (V . 69, p. 76, 850: V . 92, p. 191.)
STOCK, A c.— Stock authorized, $18,000,000; outstanding, pref., 1%
oura. $120 000; convertible into com. stock, share for share; com., $16,
129.425: par of shares, $100. A fter 1% on pref., com. and pref. share
equally. On com.. 1901 to 1907, 5% yearly; 1908, 3 t f% ; 1909. 3% : 1910
[V o l . 104.
E A R N IN G S . &c.— Statement in V. 103, p. 1122, showed for yoar ondod
Juno 30 1916: Gross earnings, $2,593,790; not, aftor taxes, $1,511,758; other
income, $75,926; int. charges, $327,124; deprec’n rosorvo, $180,000; bal.,
sur., $1,080,560.
D IV ID E N D S not made public. Chairman, Emorson M c M Illin .—
(V . 103, p. 1035. 1122.)
NEW ENGLAND COTTON YARN. — See issuo o f Oct. 1916.
NORTHERN NEW YORK UTILITIES, I N C — O R G A N IZ A T IO N .—
Incorporated M a y 12 1913 in N . Y . Owns and operates electric-light and
power properties in Watertown, Carthage, Brownville, Dexter, Sachet Har
bor, Clayton, Cape Vincent, Alexandria Bay and ten other villages ana
towns in N . A’ . State. Serves population of 55,000. Present hydro-elec
tric generating capacity. 16,330 n.p.; gas, 2,500,000 cubic feet daily.
S T O C K .— Pref. 7% cumulative, $2,000,000 authorized, out, $669,000:
common, $2,000,000 authorized, out, $729,700; par, $100. Is paying
pref. dlv. and for several years 8% on common stock.
Bonds.— First M . and Ref. 5s o f 1913. authorized. $10,000,000; out.,
$1,043,500; $1,654,500 reserved to retire Watertown 5s. V. 102, p. 614.
E A R N IN G S .— For 12 months ending Dec. 31 1916:
Grass earnings..................... $657.2201Int. on $2,698,000 bonds ..$134,900
Surplus........................... ..
257,970
N et (after taxes)............... 392,8701
O F F IC E R S .— Pres., J. B. Taylor; V .-P ., F. A . Rogers; Sec., S. F. Smith;
Treas., F. H . Bassett. Office, W atertown.— (V . 101, p. 850.)
PABST BREWING CO., MILWAUKEE.— O R G A N IZ A T IO N .—-Incor
porated inWisconsin inl871. PlantatM ilwaukee,capacity2,000.000bbIs.
yearly; alsol28 properties in 187 cities, mostly for distribution. V. 91, p.42.
S T O C K .— Stock, common, $10,000,000, o f which $236,000 in tho treas
ury. Pref. stock, $2,000,000 ($3 58.2)0 In treasury), cannot bo increased
without unanimous consent o f all stockholders. N o bonds or othor obli
t0 E A R N IN G S ^ — Statement for cal. year 1915. V . 102, p. 1623, showed:
Cal. Year—
Sales.
Net.
Oth. In c. Divs. (4 % ). Surplus. gations securod by lien can be outstanding In excess o f $2,600,000 while the
1915
...81,770,188 81,188.618 8172.130 8649,964 $710,784 pref. stock is outstanding, nor can bonds bo issued to replace tho serial
bonds as they mature without the consont o f two-thirds o f each class o f
1914........
. . . 1,395,793
848,628 254,610
649,964
453.274
Pros.'.'lTorbert Lloyd; Sec. and Treas.. W altor G. TIendorson, Philadel stock. Pref. divs., 1 ^ % quar. to Dec. 15 1916, Incl. On com.. In 1912,
6% : 1913. 444%; 1914, 4%,; 1915 (to Dec. 15). 4 % ; 1916, 4% .
phia. Office, Allegheny A vo. and 19th St., Phila.— (V . 103, p. 667.)
R E P O R T .— Roport for cal. year 1915, In V. 102, p. 1983, 1997, showed:
E LK H O R N C O A L C O R P O R A T IO N .— O R G A N IZ A T IO N .— Incorp
in W . Va., N o v. 18 1915. por plan in V. 101, p. 1716; V . 102, p. 348: and N ot, aftor depreciation, &c., $374,457 in 1914; other Income, $79,547; Int.
took over tho properties and business o f Elk Horn Puel Co. (V . 98, p. 1762), on bonds, &c.. $83,441; balance, $370,563; previous surplus aftor adjust
Elk Horn Mining Corp. (V . 98, p. 1618), and Mineral I'uol Co. (V . 96, p. ment, $1,651,554; total, $2,022,117; prof. div. (7 % ), $137,235; com. d iv .
1427.) Eighteen mines have been oponed and tho output for the year 1917 (4 % ). S390.560. Total surplus Dec. 31 1915, $1,494,322.
O F F IC E R S .— Pres., Gustavus Pabst; V .-P ., Henry Danishofsky; Sec. &
Is estimated at 3,000,000 tons. See V. 103, p. 668.
C A P I T A L S T O C K IN 850 S H A R E S .— Authorized (a) prof. (6% and Treas., II. J. Stark. Office, 917 Chestnut St., Milwaukee.— (V . 102, p.
participating; red. at 112*5% ), $6,600,000. all1out. with ^ l e voting power 1983 1997.)
during any default on full year’s dividend. (6) Common, 822,000,000 (6%
PENNSYLVANIA UTILITIES CO.— O R G A N IZ A T IO N .— Operates
and partic.); outstanding. 312,000,000. V . 101. p. 1716. Pref. dllvidond electric light and power properties In and about Easton, Bangor and
N o. 1, 3% , was paid Juno 15 1916. Doc. 15. 3 % . V . 102, p. 20<9Stroudsburg, Pa., and Phillip-.burg, N . J., and steam heat plant in Easton
N O T E S .— Th e 10-yoar sink, fund notes o f 1915 (39,500,000 auth. and Bangor. I t also owns tho entire capital stock o f Easton Gas Works,
which supplies gas in Easton and Philllpsburg and adjacent territory.
V 101 p. 1716; V. 102, p. 348) aro secured by mortgage on the entire
property. Sinking fund, 2c. por ton on all coal mined commencing April 1 Control held by General Gas & Electric C o., which soo above.
1916 (after April 1 1919. 3c. por ton), w ill purchase or call and retire the
B O N D S .— Authorized $50,000,000 of which tho Initial Issue o f $3,000,000
notes at not exceeding 105 and int. Convertible at option o f holder into was sold by Leo, Hlgglnson & Co. In June 1916 (V . 102, p. 2179 2259.)
common stock o f tho company at par. Lim itation o f Issuo: 84,500,000 to be Theso bonds are a first mtgo. on all properties and franchisor now owned
presently issued and sold; 31.000,000 for futuro development and other cor or hereafter acquired; also on entire capital stock o f Easton Gas Works.
porate purposes; 84,000,000 only for refunding Elk Horn Fuel Co. 5-yoar Further bonds may bo Issued for not exceeding 80% of cost o f additions
and improvements, but only whon net earnings aro 144 times interost
C°Ther 8l!949°500 5% notes (o f the Elk Horn Fuol C o.) aro callable (in charges on all first mtgo. bonds of tho system, including the bonds thon
whole or in part by lot) on any interest day upon 60 days notice at 105 to be issued; or to acquire the $750,000 outstanding bonds on Easton Gas
and int. and are convertible at option of holders since N o v . 1 1913 and
Works. Cumulative sinking fund 1% annually (first payment In 1917).
until Feb. 1 1918. or until 30 days before redemption at par into Consolida Soo also V. 102. p. 2172. 2259.
tion Coal Co. stock at 105. Th e only underlying liens aro 8475,000 Mineral
ROGERS-BROWN IRON CO.— O R G A N IZ A T IO N .— Incorn. In N . Y.
Fuel Co. 1st s. f. 30-year 5s, duo M a y 1 1943. V. 101, p. 1716; V. 96.
Dec. 27 1909 and owns 4 blast furnacos at South Buffalo, N . Y . , leases for
p. 1427: V . 97. p- 731, 1507.
50 years ore lands in Mesaba Range; also leaseholds on ore lands at Iron
O F F IC E R S .— Chairman, C. W . Watson, Fairmont, W . Va.; Pros..
River, Mich. Company mtnos Its own coal and manufactures its own coke
George W . Fleming, N . Y .; V .-I’ res’s, J. N . Camden, Versailles, K y ..
from coal lands leased at Tylor and Sykes, Pa. Stock auth., $5,000,000
George A . Baird, Chicago, and Edward Cornell, N . Y .: Sec., J. W . M .
common and $2,000,000 7% pref., lattor boing Increased from $1,000,000
Stewart. Ashland. K y .; Treas. & Asst. Secy.,, J • F. Caulfield, N . Y . — (V .
on Juno 21 1915. Applications to list, V . 83, p. 101, and V. 85. p. 1524.
100, p. 1081. 1347, 1513, 1716; V. 102, p. 348. 2079; V. 103. p. 668.)
BO NDS.— The “ First and Refunding” 5s of 1910 ($8,000,000 author
G E N E R A L B A K IN G CO., N E W Y O R K .— O R G A N IZ A T IO N .— In
ized Issue) are secured
lien on two new furnaces and a direct
corn in N . Y . State In 1911 to unite tho baking business o f 20 concerns Hen on all the remaining by a Urst and by a sinking fund of 25c ner ton on
property,
(located in 15 differenct cities), notably J. G. & B. S. Ferguson & Co
upwards o f 20,000,000 tons of iron ore. O f the Issuo, $5,092,000 is out
and Geo. G. Fox C o., Boston; Flelschinann’s Vienna Model Bakery, Inc.
standing. $875,000 had been retired up to M ar. 1 1916, $500,000 is re
N Y . C ity; C . Martens C o., Inc., Jersey C ity; Weber Baking C o., Newark
to retire final
Susq. 5s
N . J.: Collins Baking C o.. Buffalo. Morton Baking & M fg . Co.. D etroit. served $1,500,000 to $500,000 Buffalo & B. & S. to be outstanding June 1
1932.
retire $1,500,000
debentures
The bonds
D IV ID E N D S .— On pref.: In 1912, 5M %I 1913 to Jan. 1917, 4% p. a. will be paid at 10244 and Int. Jan. 1 yoarly, tho rato now boing $213,000
1917-20. incl., and $214,000 1921-1940. Incl. V. 90. p. 774; V. 92, p.
Overdue on pref., April 1 1916, 1494%,
,
, .. . n m n n i m r
Controls Kolb Bakery C o., guaranteeing dividends on Its 82.000.000 7%
1246; V. 93. p. 1793.
pref. stock and int. and sink, fund on $2,000,000 5% bonds. V. 94. p 211
The B. & S. 1st os aro sub. to call as an entire Issue at 107 44. also at par
t> B O N D S .— Authorized bond, debt, $5,000,000, of which $1.,300,000 re for sinking fund In order of their numbers, beginning at the lowest number,
served for future extensions. See V . 93, p. 232. Of tho $3,700,000 Issued, $100,000 redeemed In June 1907 to 1916. Debentures, V. 82, p. 220:
$376,000 woro held In the treasury and $424,000 canceled by sinking V. 85. p. 1524.
W m . A . Rogers, Pros.; Hugh Kennedy, 1st V.-Pros. and Gen. M g r .,
fU R E P O R T ?— Report for year ending Dec. 31 1915 In V. 102, p .8 8 3 ,
showed net income. $741,014; bond, &c.. int.. S205.432; reserve for de John D. Larkin. 2d V.-Pres.; It. D. Carson, Soc.; W m . T . Shepard, Treas.
— (V . 100. p. 1923. 2014.)
preciation. $209,012; p rop .org. exp., $4,245; pref. dlv. (4 % ), $237,000.
SHATTUCK-ARIZONA COPPERCO.— O R G A N IZ A T IO N .— In
aproslir W **H .Collins; Sec., F. H . Frazier; Treas., G. E. Fawcett. Office. corporated M ar. 22 1904 In Minnesota. Properties (owned In fee) comprise
109 acres In Cochise County, A riz. Producing coppor at tho rato o f 18,
45 East’ m h St.; N . y ! - ( V . 98. p. 697; V. 100. p. 645. 898; V. 102, p. 883.
GFNERAl
C IG A R C O ., IN C ., N. Y .— O R G A A N IZ T IO N .— In 000,000 lbs. per annum.
C A P I T A L IZ A T I O N .— Authorized and outstanding, $3,500,000; par,
corporated In N Y April 28 1906. V. 84. p. 802: V 94. P.213. 357.1388.
$10. N o bonds or preferred stock.
Owns $2,500,000 common stock o f M . A . Ounst & Go., Inc., organized
in M aine. In Oct. 1915 bought out Bondy & Loderer, and In March 1916
D IV ID E N D S .— First div., July 20 1910, 10%; Oct. 1910, 10%; 1911,
control o f Best and Russell companies. V. 102, p. 1255.
„
10%- 1912, none; 1913, 15%: 1914, 15%,: 1915, 20% and 5% extra; 1916,
STO C K .— Fret, stock cannot be Increased or mtge other than purchase 20% and 2744% extra. 1917, Jan., 5%, and 7 44% extra.
money mtge. created without consent of three-fourths of pref. stock. Pref.
E A R N I N G S — For calendar year 1916:
shall have no voting power except while default for at letwt two quarterly
Cal
Total
Net
DepreD ivtads.
Balance,
Total
dividends continues. Bills payable Dec. 31 1910, $4,068,500.
Year.
Receipts.
Profit.
cialion.
(47 44%)
Surplus.
Surplus.
D IV ID E N D S .— On common, 1909, 5% ; 1910,6% , 1911, 4>s% , 1912
1916...$5,160,924 $3,074,013$34,936 1,662,500 $1,376,576 $2,274,256
to Feb. 1917. 4% (Q .-F .).
Production—
Copper (lbs.)
Lead (lbs.)
Silver (oz.)
Gold (os.)
x R E P O R T .— Year 1916, V. 104, p. 557.
Calendar
Gross.
Net
In t. on P f. Divs. Com.Divs. Balance, Y ea r 1916 .................... 18,161,763
3,413,445
314,918
4,721.23
Year
Profits.
Income. Loans, A c. 7% P -a . 4% p. a. Surplus.
Year 1915________
11,154,211
2,345,342
201,869
3,151.00
1 9 1 6 .........$4,553,656 $1,491,298 8177.433 $350,000 S724.160 $239,705
M onth or Jan. 1917____ 1,415,303
425,638
19,10o
211.05
19 15 ,.......... 3,582,581 1.602,851 129,868 350,000 724,160 398.823
O F F IC E R S .— Pres., Thomas Bardon: V.-Pres., H . L . Mundy; Sec.
O F F IC E R S .— Pres., Fred Hirschhorn; V .-P ., Alfred I. Esberg; \ .-I . A
Treas.. A . M . Chisholm. O ffices, 120 Broadway, and Bisbee, A riz.—
Treas.. Henry Esberg: V.-Ps.. Preston Herbert, John N . Kolb and R. C.
(V . 100, p. 313: V. 102, p. 442; V. 103, p. 583, 1046, 1305, 1796, 2160; V .
B o n d v Sec. W . A. Snyder.
Office, 119 W . 40th St., N . Y . — (V . 101,
104, p. 77, 458, 566.
p. 445,’ 1193; V . 102. p. 607, 717, 1255; V. 103, p. 491: V. 101. P- 557.)
SOUTHERN BELL TELEPHONE & TELEGRAPH CO — O R G A N IZ A
G R A N B Y C O N S O L ID A T E D M IN IN G . S M E L T IN G & PO W E R C O .
LTD
O R G A N IZ A T IO N .— Incorporated Mch. 29 1901 In British Colum T IO N .— Incorporated in New York In Dec. 1879. Controls "B e ll’ tele
phone system In southeast coast section o f U. S.. Including N orth Carolina,
bia
Owns low-grade copper, &c., deposits; also smelter at Grand Forks
South Carolina, Georgia. Alabama and Florida. Also owns noarly all o f
n o V 79 n 1644; V. 81. p. 1490: statement to N .Y . Stock Exchange
V 85, p. 403^ report o f expert. V. 91. p. 1250; V. 96, p. 289. In 1907 a the $11,080,150 Cumberland Tel. & Tel. Co. o f Kentucky, stock, operating
in Kentucky, Tennesseo, Mississippi, Louisiana, &c., portions. Stock
large interest was acquired In the Crow s Nest Pass Coal Co., which proauthorized. $30,000,000; outstanding, $21,400,000, o f which American
viefts the coal supply. V. 88. p. 155. Stock authorized. $20,000,000; out
T e l. & Tel. Co. owns all. D ivs.. 6%, yearly since 1906.
standing. $14,998,515; par. $100, changed from $10 in 1906.
B O N D S.— o r the 1st gold 5s ($50,000,000 authorized issue), $18,000,000
D1V 1’07. ’08. ’09. ’ l l . ’ 11-T2. T3 . ’ 14. A u g .'lb to A/ay’ 16 AuffAlVop’ 16 191< have been sold and the remaining $32,000,000 are reserved for extensions,
% (9
4
2
1 None 6
3 6% (U S % Q .-F.) 2 % e a c h 2 H q “
additions. &c. A fter bonds to tho amount o f tho presont outstanding stock
Stockholders in 1913 auth. $5,000,000 15-year bonds, sub), to call afte
($21,400,000 have been issued, the remainder ($28,600,000) can only be
10 years at 105 and Int.. with sink. fd. o f 4% of bonds issued, to purchase up Issued to an amount not exceeding the cash paid In on further Issues o f stock,
to 110 and then call at 105. and conv. Into com. stock at not less than par:
provided that, during the previous year, tho company shall havo oarnod
Issues above present $3,440,000 (convertible Into com. stock at par until net at least twice the Interest charge o f all bonds outstanding during the
M ay 1 1923) limited to $650,000. Tho $2,000,000 Issue o f 1915 and futuro previous year. A sinking fund o f 1% o f bonds Issued will be used yearly
issuts will he redeemable at 110 by lot by an annual sinking fund o f 10% o f to cancel bonds If purchasable at or under par.
To Sept. 30 1916 $711,000’
net earnings or 1% o f copper ore mlnwl (except at Phoenix). V. 96. p. 289. had been canceled. V'. 91. p. 1714: V. 95, p. 684. 893, 1212.
718: V. 100, p. 1513, 1596: V. 98, p. 1319. 1611; V. 101, p. 1275.
R E P O R T .— Report for yoar ending Dec. 31 1915, In V. 102. p. 1986,
R E P O R T .— Y ear end. June 30 1916. V. 103. p. 2427; 6 mos. end. Dec. 3U showod: Gross. $6,712,745: not, income aftor taxos, $2,819,826; charges,
$1,042,342; divs. (6%0), $1,284,000: bal.,sur., $293,484.— (V . 102, p. 1986.)
June 30
Gross
Net
Net after
Dividends
Balance,
J Year—
Sales.
Profits.
DU., A c.
Paid.
Surplus.
W ESTINGHOUSE MACHINE CO.— O R G A N IZ A T IO N . &C.— Incor
1915 16(yr.) $11,370,500 $4,107,621 $3,819,295 (0%)$899.911 -$2,919,384 porated In Pennsylvania In 1881- manufactures steam engines steam tur
1914-15(yr.)
5 053,887 1,340.559
929.168
-------------929.168 bines. &c. In 1906 purchased (V . 83, p. 1417) tho Nernst Lamp Go. (5%
T 6 (6 m o s .)_ -------- N o t stated-------- $2,533,079 (4%)$600,000 $1,933,079 s. f. bonds out. $1.056.000). V .8 5 .P - 1085: V . 89, p, 596.
’ 15 (6 m os.). -------- N o t stated-------- - 1,412,059 (3% ) .449,955 _ 962,104
The stockholders on March 19 1911 authorized consolidation with the
Pres, W." 11. Nichols; Sec., Northrup Fowlor. Office, 52 B ’ way.— (V .
Weetlnghouse Foundry Co. and tho creation (per plan. V. 91. p. 1518) or &
101, p. 1275, 1368; V. 102, p. 440, 2345; V. 103, p. 324, 2346. 2427: V. 104. first and ref. mtge. to secure an Issue o f $10,000,000 6%, 30-year gold bonds.
In M ay 1916 85% o f stock had been exchanged for stock o f the Westingp. 456.«
M IIW A U K E E GAS L IG H T CO.— O R G A N IZ A T IO N .— Incorporated Id house Elec. & M fg . Co. on tho basis of 3 shares o f Machine Co. stock for
one share of the Elec. Co. stock. V . 100. P- 59.314•. f 9'l'no99’ 738. . 1on.
1852. Has perpetual franchise. V. 74. p. 1199. V. 78, p. 2602: V . 83. p
Annual sinking fund, soo V . 91. p, 1636. 1779; \ . 92, p. 799, 1120,
1293. Am L t. A Trac Co. owns practically entire stock (V . 88. p. 752).
V . 96, p. 66. Gold debentures, V . 69, p. 854, 802, 1252.— (V . 100, p. 738.>
V . 85. p. 164. Rate decision, V . 93. p. 731.
F e b ., 1917]
NIZW Y O R K A N D B R O O K LY N B AN K S.
Companies.
Capital.
Par
Amount.
207
BANKS, TRUST COS., INSURANCE COS., ETC.
Surplus &
undivided
profits, b
NEW Y O R K A N D B R O O K L Y N T R U S T C O M PAN IES (Concluded).
Dividends.
1916.11915.1
Latest.
Capital.
Companies.
New York.
$
$
America a— 100 1.500.000 6,030,300 J S
c
28
28 Jan. ’ 17. f t
Am . Exch___ too 5.000.
000
5,281,100 M S I
c
10
10 N o v .’ 16.
5
A t la n t ic ----- 100 1.000.
000
811,100 J &
*7
6 Jan. ’ 17.
3
Battery Park 100
IA00,000
369,800, J S
c
*7!Jan. ’ 17. 4*
fS
Bowery a ... 100
250.000
801,500 Q— F
n 16 ©20 iFob. ’ 17. 4*
Bway Oonfc_< 100
100.000
38,600 Beg.bus M ay 1914.lV. 98, p.1580
Bronx Bor a 100
75,100 J & ’ None
150.000
10 July T o .
Bronx ______ 100
200.000
259,300 J S
c
4 Jan. ’ 17.
6
Bryant Parka 100
200.000
&
3i . . . Jan. ’ 17.
But. S D rov. 25
c
300.000
75,800 J & J None
6'July ’ 15.
Chase_______ 100 rlO 000000 12,025,200 Q— J
20 Jan. ’ 17.
20
ChatA Phe’ x. 100 3.500.000 2,145.700 Q— J
Jan. '17.
10
Chelsea Ex_a 100
400.000
136.500 A — O
6 (U)6 Oct. ’ 16.
Chemical____ 100 3.000.
000
8,425,600 Bl-mo. m20
15 Jan. ’ 17. I
wCltlzens’Ccn 100 2.550.000 2,462,100 Q— J
8
8 Jan. ’ 17.
C ity ----------- 100 25.000000 C/43210400, M & N
10
10 N o v .’ 16.
City Co, Nat_ 100 10,000.000
J S J
c
6 Jan. ’ 17.
6;
Coal & Iron_. 100 1.000. 000
7 Jan. ’ 17.
771,200 Q— J
8
Colonlal.a_ 100
_
930,100
12 !
12 Dcc.30’ 16.
400.000
Columbia a .. 100
703.800 J & J
16 Jan. ’ 17.
16
300.000
18.865,800 Q— J
Com m erce.. . 100 25.000.
8 Jan. ’ 17.
8
000
Corn Exch._a 100 3.600.000 7,408,600 Q— F
16
16 F e b .’ 17.
30,100
Cosmopoll’n a 100
100.000
81,700 J Sc J
East R iv e r ._ 25
250.000
Jan. ’ 16.
2
98,800 J & J
Europe a____ 100
150.000
Jan. ’ 17.
5
197,100 M S N
c
Fidelity . a _ 100
_
200.000
6
6 N o v .’ ie .
3
420,200 Q— J
F i f t h _______ 100
250.000
____ . . .
12
1 2 Jan. '17.
3
100.000 2,271.200 Q— J
Fifth A ve. a. 100
c200, ©200, Jan. ’ 17. 25
000
25,243,100 Q— J
Flrst ______ 100 10.000.
i 38, m33 Jan. ’ 17.
First Security 100 10,000,000
Q— J
12
12 Jan. ’ 17.
Garfield----- 100 1.000,000 1,316,706 Q— M
12
Dec.30’ 16
German-Ain a 75
830.300 F S A
750.000
c
6
Fob. *17. Ak
200.000
869,200 J S .1
German E x .a 100
c
20
Jan. ’ 17. 10
Germania a
100 200.000 1,092,400 M Sc N 2 0 !
N o v .’ 16. 10
Gotham_
_
224,800 Q— J
100
200,000
8
Jan. ’ 17.
2
Grace (W . It.)
& C o .a _. 100 *600.000
533,300 Beg.bus Juno 21*15 V.100,p.1411
Grecnwlch a 100
500.000 1.254,400 Q— J
hl5
12 Jan. ’ 17.
3
H a n ove r---- 100 3.000.
000
16,144.900 Q— J
23
20 Jan. ’ 17.
6
Harrlman __ 100 5500.000 1,243,600 ______
— (Jan. ’ 17. 100
Imp. & Trad. 100 1.500.000 7,850,500 J & J "~24
24 Jan. ’ 17. 12
Internat.a__ 100
500.000
134,000 J & D
6
4 Dec.30’ 16. 3
Ir v ln g _____ 100 4.000.
4.354.700 Q— J
000
8 Jan. ’ 17. 2 A
Liberty ----- 100 1.000.000 3.667.500 Q - J
m25 Jan.’ 17.17
Lincoln ____ 100 1,000,000 1.941.800 Q— F
10 F e b .’ 17. 2 A
Manhattan a. 50 2.050.000 5.297.700 J & J A16 *15 Jan. ’ 17.
:
8
Mkt. S F ult. 100 1.000,000 2.070.500 Q— J
c
12
12 Jan. ’ 17.
3
M ecli.A Met.. 100 0.000.000 9.593.000 Q— F
12 Feb.13’ 17. 4
12
Merchants’
50 2.000.000 2,476,400 J & J
4
8 Jan. ’ 17.
8
Metropolis
100 1,000,000 2.201.800 Q— J
4
16
16 Jan. ’ 17.
Metropol’n a _ 100 2.000
000
2,092,600 Q— J
2
8
8 Jan. ’ 17.
Mutual a _
_
100
495,200 J & J
200.000
14
14 Jan. ’ 17. 13/
New Neth.a 100
200.000
208,800 A & O
4
8
8 Oct. *16.
New Y o r k .-. 100 2,000.000 5,206.900 J Sc J
16
16 Jan. '17.
N. Y . County 100
500.000 1.250.000 J & J
30
40 Jan. ’ 17.
Pacific a__
994.600 Q— F
500.000
50
8
2
8 Feb. ’ 17.
P a r k ........
16,268.000 Q —J
000
100 5.000.
18
16 Jan. ’ 17.
5
People’s a_
_ 25
200.000
468,900 J & J
10
10 Jan. ’ 17.
5
Prod. E x .a
000
100 1.000.
1,088,200 A S O
c
9
8 Oct. 16’ 16. 5
Public a___
100
663.600 Q— J
750.000
7 Nona Dec.30’ 162H
Seaboard----- 100 1,000,000 3.095.100 Q— J
11
2
12 Jan. - “ 13t
'17.
Second _____ 100 1.000 000 3.483.100 Q —J
12
12 Jan. ’ 17.
3
Sherm an____ 100
300.000
135,000 Beg.bus N ov 1907. V. 85, p.1184
State a _____ 100 1,500.000
812,600 J & J
6
10.Jan. ’ 17.
3
23d Ward a_. 100
200.000
138.300 F & A
6
6 F e b .’ 17.
3
Unlon E x _ 100 1,000.000 1,119,000 J S D 31
_
c
8
8 Dec.30’ 16. 4
Unit. States a 100
200.000
118.800, Beg.bus July
13. V. 97, p. 22
Wash. I I .a
100,000
100
436,500 Q— J
8
8 Dec.31’ 16. 2
Westch. A v.fl 100
100,000
81.100 Q— F
5
2 Fob. *17. 1 A
West Slde.a 100
487.300 J & J
200,000
12
12 Jan. '17.
6
Yorkville a_ 100
642,500 Q— M
100.000
24
20 Dec.31'16. 6
1
Par
N. Y . City.
F arm .L .& T r
F id e lity _____
F u lton______
G u ara n ty ___
H u d s o n ____
L a w .T it & Tr
Lincoln _____
Metropolitan
N .Y .Lf.I.& T r.
New Y o rk _
_
T itle Gu &Tr.
Transatlantic
U n io n ........ .
U. S. M .& Tr.
United States
Brooklyn.
Brooklyn____
Fran k lin ____
H a m ilto n _
_
Kings County
M anufac’rs._
P eoples_____
Amount.
Surplus A
undivided Dividends paid in 1915 and 191ft
profits on
and also last dividend.
market ral.
Nov. 29*16.
1916.11915. Last paid.
$
$
u25 u 1,000,000 8,628,100 O— F
50
50 F e b .’ 17.12H
100 1.000.000 1,259.900 Q— J
n l9
58 Jan. ’ 17. 45
100
721.700 J & J 512 512 Jan. ’ 17. 7b
500.000
100 20,000.000 33,999,900 Q M31 S32K! i28 Dc.30’ 16 17i2r
100
500,000 _ 593,800 J S J
c
6
6 Jan. ’ 17. 3 A
000
100 4.000.
5,774.600 Q— J
5 5*A Jan. ’ 17. 1A
100 1.000. 000
501,200 Q— M N one None Sept.’07.
3
100 2,000.000 5.48-1,400 Q— M31
24
24
100 1.000.000! 4,443,500 J & D 45 45 Dec.30'16. 6
Dec. 11’ 16.25
100 3,000,000 11,548,600 Q— M31
32
32 Dec.30’ 16. 8
12,587,900 Q— M31
100 5.000.
000
20
20 Dec.30‘ 16. 5
100
567.500 J & J
700,000
55
9 ____ Jan. ’ 17.
000
too 3.000.
5,942,200 Q — J
ml7j m l7 Jan. ’ 17.
4
100 2.000. 000 4.738,700 Q -M31
‘
/29,
24 Dec.30’ 16.11/
100 2,000,000 14,878,500 J & J
50,
50 Jan. ’ 17. 25
1,500,000
1,000.000
500.000
500.000:
1.000,000:
l.OOO.OOOl
4.398,400
1,445,200
1.147,400
2,733,100
438,200
1,722,000
Q— J
Q - M 31
Q
Q
(^—J
7i30
12
12
21'
6,
io h I
/25
12
12
20
5
12
Jan. *17. 20d
Dec.30’ 16. 3
F e b .’ 17.
3
F e b .’ 17.
6
Jan. ’ 17. I A
Dec30’ 16.3H
a Decrease due to change In div. period. 5 Includes extra divs. o f 2% .
c Increase due to change in div. period, d Includes extra div. o f 15%.
e Includes extra div. o f 16%. / Includes extra div. o f 5% . a Paid in 1916*
on old capital o f S3,000.000, 30% , a special d iv . o f 366.66 2-3, and 6% on
now capital o f $5,000,000. h Includes extra div. o f 10%. i Includes extra
divs. o f 4 % . * Paid in 1916: 21% on old capital o f S2,000,000, and a
special cash div. o f 32.000.000. /Stockholders on Dec. 4 1916 ratified
proposition to increase capital from 32,000,000 to $5,000,000. V. 103. p.
2130, 1858. m Includes extra d iv. o f 1%. n Includes special d iv. o f 10%.
o Includes extra divs. o f 6 % . p Stockholders on June 2 1916 authorized
?J?r crease In tho capital from S3,000.000 to S5.000,000. V . 102, p. 2048,
tl?
1868. / includes extra div. o f 1 2 H % . s Includes extra divs. o f 15>*%.
£0
ers on *ian- 22 1917 ratified proposition to increase capital from
$3,000,000 to $6,000,000. V . 104, p. 336, 32. u Stockholders on Jan. 10
1917 voted to increase capital from 31,000,000 to $5,000,000, and raise the
par value o f shares from $25 to $100. V. 104, p. 132; V . 103, p. 2130.
i2il
7
Brooklyn.
C i t y ________
Coney Isl'd a
First _______
Flatbush a.__
Grecnpolnt - _
Homestead a
Mechanlcs’a _
Montauk a ..
N a s s a u -----North Side a_
People’s ----Ridgewood - .
300.000
50
100.000
100
100
300.000
100
100.000
100
200.000
100
200,000
50 1.600.000
100
100,000
100 1 , 0 0 0 ,0 0 0
100
200.000
100
200.000
100
100.000
611.600J S J
c
14
14 Jan. ’ 17.
63,9001 Jan.
3
2 J a n .’ 17.
691,700 Q— J
/12 f \2 Jail. ’ 17.4
73,500, Q — J
6
6 Jan. ’ 17.
183.200 J & J
6
4 Jan. ’ 17.
56.700 J & J
4
4 J a n .’ 17.
933.200 J & J - T 8
*7 Jan. ’ 17.
41,000 J & J None None! July ’ 14.
1.131,400 Q— J
10 Jan. ’ 17.
204,300 J A J
6 Jan. ’ 17.
186.900 J S J
c
6 Jan. ’ 17.
101.900 J & D 31
4 Doc.31’ 16.
T2
4
2
3
2
N E W Y O R K A N D B R O O K L Y N F IR E IN S U R A N C E C O M P A N IE S .
Companies.
Capital.
P a r( Am ount.
N e t Surp.
Dividends.
Dec. 30
19161916.11915. 1914. Last paid. %
$
S
American Eagle
1.000.000 1,145,233
12
C ity o f N Y ____
583.200
321.469 None! 4 K
C om m onwealth
'
500.000 1.360,983:
10 10
5 C ontinental.. 25 510000 000 12,303,334 (W . 50
Fldellty-Phenix 100, 2,500.000, 7.120.733;
20 10
nnn 1.069,599
c\
Gorman-All ’ nee inn
400.000: i t\a cnni
15 15
German-Amor, _
2.000.
000 10,759,422 30
Germania Flre. ou 1.000.
000 3,331,219 | 20
22 H
Globo S Rutgers 100
c
1700.000 6,250,191 d )
40
Hamilton Firo__ 15
200.004
175,883
8 6
1
H a n o v e r ______ 50 1.000.000
906.081
10 in
H om e__________ 100 6.000.000 12,651.748
20
M e r c a n tile ____ 100 1,000.000 1.108,435
10 10
Niagara Fire___ 50: 1,000.000 3,031.778
25
N orth ern ______ 100|
350.000
361,951
6
N orth R iv er___ 25
600.000 1.155.139
1
10 1 )
Pacific Fire____ 25
400.000
329,534!
10 10
Queen o f Am er. 100 1,000.000 5.176.150,
35
/ Stuyvosant___ IOO! /700.000
225,756 AAQ 5
*UnIted States. 20, *1,400.000 *1,643,905
7
W estchester___1 iui
10
500.000 1,406,480;
40
* W ’msburg C ity IIOO! 1.000.000
(*)
I
10 10
!
____ IJan. ’ 17.
6
10
July '15.
2
10
Jan. ’ 17.
5
50
Jan. ’ 17.
6
10 Jan. *17. 10
15 Jan. '17. 7 K
30
Jan. ’ 17. 15
20 |
Jan.'17. 12 K
40 Man.31'17. 8
4 i Feb. ’ 17.
2
12A Jan. ’ 17. 2 A
20 ,Dec31*1612H
10 Jan. '17.
5
25
Jan. ’ 17. 15
6
Jan. ’ 17. 3 A
10
Oct. ’ 16.
5
10 Jan. '17.
5
30
J a n .'17. 20
10 'Jan. '17.
3
7
F e b .’ 17. 5*
40
Feb. '17. 10
12
A u g .’ 16.
5
a Paid on capital o f $600,000. b Paid on Jan. 3 1916 tho regular dividend
o f 25% on old capital o f $2,000,000. Also on Jan. 10 1916 paid a stock dividend from surplus o f 350% ($7,000,000). thereby increasing capital to
$9,000,000 and in addition issued $1,000,000 new capital, making total
capital as o f Jan. 11 1916, $10,000,000. Par value changed to $25. See
V. 102. p • 70. 5% paid on new capital July 1916. /Lumberm en’s Ins.
merged into tho Stuyvesant Ins. Co. and capital o f latter increased to
$700,000; first div. on new capital paid M a y 1916, 1 A % : July and Oct
each 1 ^ % . i Capital increased in April 1916 from $400,000 to $700 000’
and first div. o f 7% paid on new capital stock July 31; 7% paid Oct 31
1916. On old capital o f $400,000 paid divs. o f 10% each in Jan. and April
1916. fc Williamsburg C ity and United States Fire Ins. Cos. consolidated
under name o f latter Oct. 31 1916. First div. on new capital o f $1 400 000
5 % , paid in Feb. 1917.
’
*
a Stato banka, b Dec. 27 1916 for national and N o v . 29 1910 for State
banks, d Includes extra diva, of 2 K % - e Special divs, o f 100% each paid
in July 1918 and 1915. / Includos extra dtv. o f 2 % . „ Includes 85,000,000
capital set aside for foreign branches, ft Includes extra d iv o f 3%
i Includes extra div. o f 10%. ) Includes extra div. of 20%
* Includos
QAS COMPANIES— SEE ALSO MISCELLANEOUS.
extra div. o f 1%. / Stockholders on Juno 5 1916 auth. increase in capital
from $200,000 to $400,000. V. 102. p. 1783. m Includes extra div. o f 5% .
Dividends and Interest.
n Includes extra div. o f 4% (1% quar.). o Includes oxtra divs. o f 8% .
Companies.
Par. Securities Interest
P Decrease duo to change in div. period, r Increase duo to change in div*
Afloat.
period. 1916,;1915.ia Date.
period, s Stockholders on Jan. 9 1917 voted to increase capital from
$
$
$500,000 to $1,000,000. V. 104, p. 131; V . 103, p. 2051, 1858. / Includos cBlngb (N Y ) 1st M 5s-- 1.000
750.000 A & O
5
5 A pril 1 1938
extra div. o f 6 % . u Paid in 1915, 6% on capital o f $2,250,000 and 2 A %
GenMg5s52,500.000op 1,000 246.000 A & O
5
5 Oot
1 1964
100 1.000.000 Mostly owne d by Am L t & Tr
on now capital o f $3,500,000. v Stockholders o f Chase N at. Bank on Con Gas (N J) stock____
Cons M, 5s, gold_____ 1,000 1.000.000 J & J;
5 Jan
1 1936
Sept. 7 1916 approved proposition to Increase capital from $5,000 000 to
l 1st ref g 5 s _________ 1.000 700.000 A & O
-----|Apr
1 1965
L Br L tg 1st M, 6s___ 1.000
$10,000,000. V. 103, p. 911, 466. w Stockholders w ill vote on Feb 28
15.000 J & J
6
6 Jan 15 1924
50 2.000.000 J & D n i l m l6 Dec. ’ 16.
on proposition to change name to Citizens N a t. Bank. vr. 104 p 335 i plndlanap Gasstk 6% gu
3
1st M, 5s. $7,500,000 g 1.000 5.073.000;A & O
5
5 Oct
1 1952
* Capital Increased from $100,000 to $500,000 in Dec. 1916. V. 103*. p.205L C Madison (W Is) G S E
c
100 400.0001 Owned by A mer iLIffht & Trac
1st M, 6s, gold_______ 1.000 400.000, A & O
6
OiAprll 1 1926
hist ref g5s.$3,000,000
optional ............... 1.000 463.500 A & O
5 loot
1 1940
Minneapolis G L , stock,
50 800.000 ............ (?)
lil
(? )
1st M5s. 510,000,000. 1.000 6.510.000 M & S
5|Fcb 1 1930
Muoiclpal G as(A lb.N Y ).
100/6000.000 Q— F
(4) Feb. *17. I K
c St Jos (Mo) 1st M. 5s. . 1.000 1.000.000 J & J
NEW YORK AND BROOKLYN TRUST COMPANIES
5|Julv 1 1937
c S t P (Minn) G L stock100 4.350,000 Owned by
mer ,Light & Trao
Consol M, 6s_______
1.000 ! 600.000 J & J
6 July 1 1918
Gen M. 5s $5,000,000 1.000 4,400,000 M & S
5 Moh
1 1944
Surplifs <
fc
Capital
undivided Dividen is paid In 1915 and 1016
profits on !
ar a also last dividend.
a This column shows last dividend on s lo c k s and maturity on bonds
market v a l.---------Par Amount. Nov. 29'16 Period. 1916. 1915 Last paid. % c American Light & Traction owns practically all tho capital stock.'
1
29 1011 stockholders authorized increase In capital from 12 000 000 to $6,250,000. V. 101, p. 135: V .9 4 , p. 253. 212. g Indianapolis Gas
$
!
$
N. Y City. $
1
Co. leased to Citizens Gas Co., 6% dividends being guaranteed: see CitlAstor ______ 100 1,260,000 1,960,800 Q— F
16
8 Feb. '17.
4 ! f " ? v e fnnC o '
R § P ?.”
p.
B an k ers____ 100 10.000,000 17,016.600 Q— J
20
20 Jan. '17.
6 also V. 100, p. 1514: „ AJ,nual 1736°r‘953, v . 99,and 893, for terms o fhloase;
V . 97, p.
.
885.
V. 96, p. 1704.
Now
954.200 Q— F
Broadway . . 100 1.600.000
6.
6 F o b .'17. I K
mortgage, taking placo o f the 1st ref. 6s. i Paid In 1915: 2 K % Feb.. 2 K %
C en tra l........ 100 p 5.000,000 16.460.800 Q— J
(?)
550 Jan. '17. 22e M a y. 1 K % Aug. and l K % N o v . , a n d an extra dividend o f l o t o n J u l y i
C olu m b ia ___ 100 12,000,000 8,591.000 Q— M30 (*)
20 Jan. '17. 3 K
,®ur£L“ s ° ( c? ml>any. V. 101, p. 135. 1 With the sanction o f Public
Commercial . 100
500,000
195.200 Beg.bus NovJlOOO.
!7 ry b e commission old 1st ref. 6s were replaced by now ref. 5s. Sen
E m p ire........ 100 1.600.000 1.602.900 Q— M30 *12:
10 Dec30'164K5
'
S
J
from sale o f certain
Equ ltablo___ 100 (3.000.000 10,465,200 Q— M
030,
24 Dec.30'16. 12
C ma ie .
o pn s
208
R A IL W A Y
E A R N IN G S
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
A la . O t . S o u t h e r n - y
1913
1914
1915
1916
...........310 m.
...........310 m.
........310 m.
_______310 in.
4 r.T o i> .iirS .I-e S y s .
•13ffl0.735-10.874 m.
•14ffl0.874-l 1.136 m.
•15ffll.137-ll.242m.
•16ffl 1.242-11,271 m.
A tla n tic C o a s t L .
1913.4.600-4,619
1914.4,619-4.701
1915.4,701-4.697
1916.4,697-4,761
m.
ra.
m.
m.
W a ltlin o re ix O h io - y
1913______ 4.455 m
1914.4.456-4,516 rn
1915.4,516-4,535 m.
1916.4,535-4,539 m.
B o s & M a in e — y
1913 ____ 2,252 ra.
1914 ....... 2,252 m.
1915.2,252-2,301 m.
1916.2.301-2,298 m.
B u ff.R o c h .& P lt t a .y
1913
1914
1915
1916
........... 573m.
........... 586 m.
........... 586 m.
........... 586 m.
C a n a d ia n P a c ific
1913 11,354-11,827m
1914 11,827-12,319m
1915 12,319-12,921m
1916 12,921-12,993m
C e n t, o f ( l e o r e i a - f f
1913...........1.916 m.
1914.1,916-1,924 m.
1915 ........ 1.924 m.
1916 ........ 1,924 m.
C e n t, o f N e w J e r - y
1913 __ 671-678 m.
1914 ______ 676 m.
1915 __ 676-6S0 m.
1916 __ 680-683 m.
C h e s a o . <* O h lo - y /
1913.2.315-2.339
1914.2,339-2,367
1915.2,367-2,374
1916.2,374-2,385
m.
m.
m.
m.
O i l m e n 8; A l t o t i - y
1913.1.025-1,032 m.
1914 ........ 1,032 m.
1915 ........1,032 m.
1910........... 1.052 m.
C h ic . O f . W e s t - y
1913.1.496-1,498 m.
1914.1,490-1,420 m.
1915 ........1.429 m.
1916 1,429-1,496 m.
C h ic . I n d . & L o u . —
1913.............615
1914.. . ..... 015
1915____ 615-622
1916.. . ..... 622
m.
m.
m.
m.
C h . M il. & S t. p . - y
1913z9,592-9.690 m.
191429.690-10.067m.
1915210,067-10,075ra
1916210,075-10,210m
C h lc .it N o r .W e s t - y
1913.7,978-8.091
1914.8,091-8,108
1915.......... 8.108
1910.......... 8,107
ra.
ra.
m.
m.
1913 8.042-8.212
1914.8,300-8,328
1915......... 8,328
1916.8,328-8,132
m.
m.
m.
m
C h ic R I & P S y s -y
C h . S t . P . M .i t O .- ff
1913 1,744-1,740 m
1914.1,747-1,753 m.
1915 .......1,753 ra.
1916 .............1,752m.
C ln N O i t l e t P - f f
1913 ............... 336m.
1914 ......... 336 m
1915 ......... 336 m
1910.............337 m
C G C & S t L — py
1913 ............ 2,361m.
1914 ...... 2,361 m.
1915.2,361-2,381 m.
1916 ............2,384m.
C o lo A S o u th e r n —
1913*1,313-1,867 m.
1914*..............1,867ra.
1915*_______ 1,807m.
1916* 1,867-1,841m.
D e l L a c k £c W — y
1913
1914
1915
1916
............... 960m.
..............900m.
..............958m.
...............955m.
D e n v & R io Cir— y
1913............... 2,598ra.
1914.2,598-2,501 m.
1916.2,561-2,576 m.
1916............... 2,577m.
K r ie —
1913
1914
1915
1916
............ 2,257m.
............ 2,257m.
............ 2,257m.
............ 2,257m.
(It N o r S v s te m — y
1913.7,712-7,769
1914.7,769-8,077
1915.8.077-8.102
1916.8,102-8,198
ra.
tn.
m.
m
H o c k in g V al —
1913
1914
1915
1916
.......... 352 m.
.......... 352 ra.
.......... 352 ra
.......... 351 m.
I llin o is C e n tr a l — t
1913 ........4,763
1914 ....... 4,763
1915.4,763-4.769
1916______ 4,767
m.
m.
ra.
ra.
In te r ’ l & (it N o r-y
1913
1914
1915
1916
........1,159
....... 1,159
....... 1.100
....... 1.160
m.
ra.
ra.
ra.
K a n C it y S o u th - j
1913
1914
1915
1916
.......... 827
______ 827
__827-836
..........830
ra
m.
m.
m.
1913.4,723-4,923
1914.4,923-5,034
1915.5,034-5,037
1916.5,038-5,071
m.
m.
ra.
m.
L o u ls v i i N a sh — y
since July 1 1913, outsldo operations, formerly excluded.
[V o l . 104
Feb .; 1917.1
209
R A ILW A Y EARNINGS
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS— (Concluded.)
January.
February.
March.
T
M a in e C e n t r a l
1913.1,204-1,207 m.
1914.1,207-1,209 m.
1915.1,209-1,219 m.
1910......... 1,220 m.
M in n & S t L
$
m
m.
m.
m.
942,991
1,047,819
1,026,602
1,106,184
1,020,857
1,014,808
990,964
1,084,537
789
845
891
959
705,325
723,779
750,905
794,823
702,277
701,400
719,578
855,850
770,024
780,900
815,624
832,757
1,748
1.392
1,344
1,825
1,864,107
1,344,647
1,225,563
1,581,209
1,605,052
1,292,519
1,235,136
1,703,867
1,573,738
1,409,770
1,207,758
1,862,435
1,746,002
1,580,323
1,449.799
2,088,995
950.306
970,109
908.600
1,127,318
933,384
840,918
787,071
1.009.222
889,008
785,014
816,592
1.184.344
2.409
2,405
2,784
2,730
2.324,015
2,204,473
2,598,981
2,554,503
2,409,627
2,220,109
2,287,509
2.731.345
5.105,686
4,641,505
4,534,215
5,670,217
.
2.509,160
2,357,484
2.818,684
2,591,158
I r o n A lt- 2
1913.7.233-7.283 m. 5,125,699
4,890,016
1914
.................... 7,283m.
1915.7,283-7,292 m. 4,496,739
1910.7,292-7,485 m. 4,942,530
M ob ile & O h io
978,824
941,689
809,118
880,334
1913.1,114-1.122 m. 1,053,077
1,048.192
1914
.................... 1,122m
839,705
.................... 1.122in.
1915
937,748
1910.1,122-1,160 in.
N ash Ch & St L —
1,139,167
1,101,252
840.897
1,053,222
. . _
1913
1,230 m.
1,230 m
1914
1915
1,231 m.
1910.1,230-1,230 m.
N Y C en tra l
13,023,162
11,905,800
11,918,983
14,889.054
1913*5,015-5,590 m.
1914*5,590-5,595 m.
1915*.......... 5,591 m.
1910*-5,7OO-5,679m.
1,081,109
1,074,203
927,936
1,019,998
1,059,143
1,098,600
896,356
923,713
1,100,271
1,010,093
849.618
1,028,827
1
1
]
1
_
Pac—
2
4,011,320
4,335,798
4,125,077
4,903,512
5,701,842
5,575,981
5,530,894
6,638,131
3,508,830
3,011,274
3,428,528
5,050,887
m.
m.
m.
m.
3,152,492
3,573,005
3,759,184
4,676,973
1,059,808
1,034,442
897,078
1,008,177
6,221,481
6,075,933
6,076,329
7,041,003
7,590.007
0,649,518
7,166,395
7,683,068
3,294,073
2,931,775
2,297.003
2,747,181
8,155,585
0,801,475
5,908,244
9,395,107
0,928,138
5,882,878
5.154,327
8,312,085
i
S e a b o a rd A i r I,— z
1913? 3,148-3,100 m.
1914? 3,100-3,299 m.
1915? 3,299-3,429 m.
1916? 3,429-3,458 m.
S o u th ern P a c —
1913
1914
1915
1916
10.317-10,431m
10,431-10,553ra
10,548-10,905m
10,900-11,094m
5,147.098
5,232,400
4,743,500
5,078,124
T e x a s & P a c ific — z
1913......... 1,884 m.
1914......... 1,884 ra.
1915.1,880-1,944 m.
1910............1,944 m.
1.305,930
1,388,080
1.322,574
1,433,073
_
423,708
380.041
354.447
431,552
U n io n P a c S y s —
m.
m.
m.
m.
.
4.721.769
4,253,268
5,230,272
5,600,700
4.454,584
3,984,042
5,083,491
5,521,5681
2,335,159
2.797,331
2,125,237
3,701,312
6,579,360
6,606,789
6,204,184
8,009,951
6,763,587 7,991,698 7,902,461
7,088.472 7,205,151 0.938,510
0,586,963 8,829,079 8,700,0S6
8,960,645 10,389,509 10,398,587
3,929,398
3,815,950
3,550,223
4,431,155
4,203,299
3,844,985
3,753,083
4,859,036
3,993,067
3,675,369
3,899,922
4,681,417
4,333,065
3.955.2S1
4,224,050
5,160,340
1,123,176
953,967
862,195
1,130,687
1,127,344
881.161
969,133
1,252,913
1,208,660
1,018,505
1,221,816
1,533,682
1,182,663
883,387
1,141,028
1,408,048
1,814,880
1,719,780
1,632,751
1,969,095
1,920,910
1,609,488
1,777,087
2,039,452
2.275,578
1,748,714
1,974,
2,292,
2,354,688
1,911,165
2,278,108
2,071,313
12,254,090
11,672,158
13,207,856
15,163,482
12,748,309
11,940,999
13,281,718
15,187,750
13,512,897
12,005,046
14,133,363
15,692,153
11,253,513
9,997,195
12,758,223 :
15,390,828 :
6,785,151
5,531,969
6,137,263
7,248,009
5,513,213
5,705,119
5,299,556
5,481,475
_
..459 m.
..459 ra.
459-512m.
.512 m.
Y a z o o fitA lls s V y — z
. .
1913
1,374 ra.
1914
1,372 m.
1915.1,372-1,382 m.
1910............1,382 m.
675,325
525,890
313,142
092,324
6,312,772
5,040,463
6.120,630
7,086,498
6,603,192
5,284,248
6,287,114
7,093,112
1,533,195
1,434.307
1,518,083
1.7S3.298
1,860.874
1,738,853
1,782,225
2,425,898
1,913,429
1,654,739
1,943,971
2,192,607
576,907
544,932
418,381
617,993
603,227
617,893
422,930
551,460
542,177
578,382
486,466
581,334
605,704
362,384
434,171
2,295,952
2,049,062
2,180,334
2,833,995
2,785,177
2,647,733
2,875,790
3,309,717;
741,148
405,841
491.283
942,685
942,888
1.198.010
992,329
1.119.011
kirk Allcg. V a il. A Pitta. IIR., which have been combined for comparative nurnoscs onlv
C en tra l. 1 Includes, since July 1 1913, outside operations.formerly eiclmtod.
4,010,503
3,051,284
4,275,541
4,853,947
1,506.809
1,448,540
1,422,680
1,025,801
7,822,609 8,441,501 9,351,488
7 ,5 5 9 ,2 3 7 8 ,4 6 8 ,0 2 7 9,162,999
7.840,866 8,440,063 9,152,464
9,137,486 10,884,320 10,9S4,591
2,458,907
2,302,559
2,231,074
2,859,284
2,845,591
2,949,605
3,905,102
1,404,713
1,473,202
1,472,559
1,607,780
W h e el A L lir le — z
1913
1914
1915
1916
3,447,877
2,954,468
3,616,596
4,877,019
1,489,!
1,421,7
1,876,:
1,942,:
5<7,980
J
361,407
402,907
592,756
T o l & O C e n t— z
W abash—z
4,428,428
4,291,141
4,401,726
5,259,333
11,701,011
11,032,919
12,963,204
14,255,788
11,059,395
10,960,575
10,104,030
12,351,273
1.478.9S0
1,484,421
1,905,742
2,017,741
1,830,694
1,861,161
1,673,851
1,691,605
10,709,690
10,399,322
9,203,829
9,837.972
1,660,812
1,697,190
1,812,922
2,121,109
2,140,258
2,477,393
1,973,932
2,948,507
2,164,511
2,210,008
1,745,351
2,144,800
S o u th e rn R y —
1913............2.514 m.
1914.2,514-2,618 m.
1915
2,518m.
1910............ 2,519 m.
205,148,244
187,251,852
196,028,170
230,278,533
4,439,108
4,129,396
4,230,252
5,121,384
3,700,121
3,411,450
3,400,804
4,130,233
1913........... 7,030 m. 5.547,838
1914.7.030- 7,037m. 5,738,908
1915.7.030- 7,022 m. 4,053,002
1910.7,022-0,982 m 5,588,021
1913.7.322-7.583
1914.7.583-7,805
1915.7,807-7,904
1910.7,904-7,902
73,123,117
65,860,738
60,992.430
80,281,342
1,527,845
1,743,779
1,753,585
2,042,303
1,040.084
979,198
837.283
932,917
1913
..442 m.
1914
442-440in.
1015_____ 440-435 m.
1910...............435 m.
5,878,258
4,679,791
6,708,453
7,025,016
1,037,546
926.342
901,020
1,093,597
3,801,600
3,713,014
3,429.715
3,094,054
m.
ra.
ra.
m.
3,772,427
3,020,715
4,715,143
4,799,592
0,273,614
5,044,751
5,900,478
7,453,021
C o .’ s- 2
S t I. Sou in w —
673,698
673,103
705,024
621,376
18,720,204 16,978,788 16,673,573
14,825,283 14,366,250
18,617,404 18,171,676
19,323,057.18,725,511
10,060,857
15,825,333
10,421,507
19,384,193
2,887,205
2,461,002
1,890,585
3,508,000
1013.1.609-1,715
1914.1,715-1,753
1915..........1,753
1910..........1.753
688,4311
094,958
720,849
660,368
3,689,061
3,079,603
4,572.791
4,931,771
3,680,573
2,830.047
2,422,785
4,344.090
S t L & S F S y »— c
850,320
821,968
727,510
770,850
4,155,789
3,525,889
4,888,127
5,260,244
4,309,543
4,222,630
4,081,703
4,919,975
1913.5,255-5,235 m.
1914.5.235- 5,231 m.
1915..........5.235 ra.
1910.5.235- 5,252 m
13,322,944 13.229,822
12,094,114 12,018,599
10,104,354 15,854,818
16,790,118:
3,947,047
3,990,567
4,729,492
5,343,013
4,040.873
3,421,810
3,203,742
4,804,679
T o t a l b o th
1,107,316
895,099
1,135,359
1,250,449
3.901,508
3,773,014
4,010,353
5,293,540
1913..........1,024 m.
1914.1,024-1,120 m.
1915.......... 1,120 m.
1910.1,120-1,127 m.
1913
............
1914
............
1915
1910.........................
1,150,966
878,750
1,011,468
1,115,820
1,055,938
909,055
1,034,628
1,146,541
1.415,752
1,280,297
1.447,930
1,820,082
C oal & Iro n C o —
5,098,510
4,740,651
5,792.344
6,497,740
5,734,886
5,125,780
6,407,273
6,840,778
1,244,508
1,135,077
1,320,870
1,069,081
1913.
1914
............
1915
............
1910.........................
5,430.009
4,989.135
6,161,023
5,639,521
6,532,914
7,087,456
m.
m.
m.
m.
P h lla & R c a d lu g - z
3,100,635
3,033,044
3,026,338
3,607,570
6,168,286
5,756,909
6,264,053
7,149,732
15,899,802
10,390.049
14,024,857
18,907,092
P c rc M a rq u e tte — 2
1913.2,330-2,325
1914.2,325-2,319
1915.2,319-2.285
1910-2,285-2,249
2,908.104
2,692,740
2,620,899
3,403,155
5,760,417
5,200,904
4.050,001
6,533,155
5.619.874
5,004,255
4,771,441
0,470,535
P e n n s y lv a n ia — y 2
1913/.4,491-4,505 m.
19147-4,505-4,517 m.
1915/.4,517-4,528 m.
1916/.4,523-4,541 in.
1,453,120
1,332,960
2,103,286
1,495,090
822,274
690,466
951,103
951,366
996,677
1,000,730
912,030
9G9.811
5,478,475
5,328,780
5,351,512
0,098,626
N o r fo lk & W e s t — 2
N o r th e r n
806,533
872,771
973,952
925,050
1,655,393
1,540,242
1,569,391
1,916,943
14,413,841 15,104,561 15.259,734
--13,029,498 13,874,906 13383267
13,947,770,14,531,756 15,419,907
. ■ _________________
17,127,204 18,078,121 17,889,110
692,344
079,407
629,020
638,681
Total.
898,454
797,004
924,340
1,025,528
811,450
858,559
948,150
1.013,532
1,027,198
1,071,780
942,303
1,054,266
12,054,735
12,756,108
12,038,873
10,752,552
669,695
507,710
545,854
678,143
1913.0.
034-0.313 m.
1914.0.
315-0,498 m.
1915.0. 497-0,510 m.
1910.6,510-6,514 m.
974,301
934,006
958,169
1,121,073
5,514,130
5,353,509
5,111,359
0,324,428
N Y Ont & W
1913
..505 m.
1914
565-508m.
1915
..508 m.
1910............... 508 m.
N Y N II& H
1913.2,091-2,113 m.
1914.2,113-2,003 m
1915............ 2,002 m.
1916.2.004- 2,009 m.
November. December.
S
1,088,478
1,000,624
1,050,516
1,185,226
2,650,009
2,716,701
2,517,286
3,127,313
4,756,570
4,468,324
4.407.223
5,391,144
October.
946,918
899,178
938,390
1,112,687
837.690
810,679
803,541
971,343
2,657,549
2,853,704
2,827,792
2,471,446
l ex -z u
September
742,787
784,748
792,675
844,697
853.003
798,810
715,665
924,202
1913
3,310 m.
1914.3,816-3,865 m.
1915......... 3,805 m.
1910......... 3.865 m.
August.
938,985
935,441
888,379
1,043,125
4,913,424
4,908,301
4,600,583
5,477,491
A tS tP & S S M (C h D lv )
1912,2.019-2.035
1914.2,037-2,043
1015.2,044-2,049
191012,049-2,085
July.
1,344,450
1,057,800
1,215,529
1,385,024
At S t P & S S M —
Mo P &
June.
$
701,175
727,725
772,298
878,096
1913 .2,694-2.904 m.
1914.2.904-3,007 m
1915..........3.004 m.
1910.3.004- 3,105 m
M o Kan &
May.
’
914,441
921,853
858,788
973,529
1913d..........1,585 m.
1914ol.585-l.046 m.
1915o........1.040 m.
19100.......... 1,040 m.
1913......... 1.075
1914.1,076-1,123
1915......... 1,123
1910......... 1,123
April.
S
810,252
908,345
836.448
944,947
8,548,109
7,592,182
9,389,069
10,750,682
2,850,163
2,578,539
2,984,778
3,557,408
777,920
531,094
501,805
938,924
786,037
516,541
667,792
979,118
822.980
569,727
749,501
932,625
890,380
925,111
1,007,828!
878,547!
1,100,1661
1,333,439
1,209,814
1,106,748
1,340,001
1,603,145
2,588,049
2,318,595
2,881,097
3,438,346
2,502,184
2,280,392
2,900,460
3,313,770
858,829
532,266
862,813
913,509
807,829
863,191
900,789
1,058,683
7,450,576
7,041,701
8,910,078
9,973,682
990,254
1,243,558
u Includes Texas Central,
577,576
321,886
774,345
072,869
1,348,317
1,124,273
1,340,687
1,699,343
v Includes Iowa Central,
1,489,633
1,164,458
1,368,842
1,697,263
y Includes Northern
210
[V ol . 104
R A ILW A Y AND IN D U STRIAL SECTION
RAILROAD AND INDUSTRIAL DIVIDENDS FOR TEN YEARS.
The following is a record of tho dividends paid in the last ten years on the stocks of the more important railroad
and industrial corporations throughout the country. Dividends actually paid form the basis of a year’s total. Ihose
declared in one year and paid in another year appear in the latter year. The record of the industrial corporations is given in
a group by itself, at tho end of the tabulations.
D IV ID E N D S ON RAILROAD STOCKS.
Name of .Company.
Dividend
Periods.
Ala Great Southern ordinary........ J&D29
P referred ______________________ F&A23
Alabama & Vicksburg-------------- Ann-Sep
Atch Topeka & Santa Fo com____ Q— A1
F& A
Preferred __________________
Atlan Coast L Company (P a r $50) Q-M 10
Atlantic Coast Lino R ll com_____ J&J10
P re ferred ______________________ M &N10
Baltimore Sc Ohio common______ AI&S
P referred ____ - _______________ M&S
Bangor & Aroostook_____________
J&J 16
(7) Belt It It & Stock Yds Ind com Q— J
Boston & M aine common_______
Q— J
P referred ______________________ M &S
Boston Rovero Beach & Lynn____ Q— J
(7) Buffalo Rochester & Pitts com. F&A 15
Canada Southern guaranteed____
Canadian Pacific_________________
P re ferred ______________________
Central l t l i of New Jersey_______
Chesapeake & Ohio______________
Chicago & Alton R R common____
P re ferred .............. ....................
4% prior lien & partic stock____
Chicago Burlington & Quincy____
Chicago & Eastern Ills pref______
J&.T 1fi
F&A
Q— J
A&O
Q— F
Q-AI31
F&A15
J&J 15
J&J15
Q -M 25
Q— J
1907.
6
7
6
5
10
6
5
6
4
4
6 & 5d
7
6
5
54
24
6 & He
4
8
1
4
4
7 4 & 0y
6
i
1908.
6
7
6
5
8
54«
5
6
4
4
C & 6d
64
6
6
14
24
6 & lie
4
8
1
1
4
5
8
0
1909.
2
6
7 & 50b
54
5
9
54
5
6
4
4
6
6
6
0
4
3
J&D30
3
34
J&D30
4
4
4
AI&S
7
7
7
7
7
7
Q— J
Q— J
8
8
8
Q-M 31
54
54
54
F&A20
7
7
7
F&A20
7
7
7
5
5
Cine Now Orl Sc Tex Pac com____ J&D15
5
P re ferred _____ ________________ Q— M
6
5
6
Cincinnati Northern_____________ Ann-AIeb
4
1
n il
Cleve Cine Chie Sc St Louis______ Al&S
6
5
5
P re ferred ______________________ Q— J20
Colorado & Southern common___ Ann-Dee
2
2
3
4
4
First preferred_________________ A&O
4
Second preferred_______________ A&O
4
4
nil
nil
Cripplo Creek Central com m on.. Q— F15
6
4
4
4
Preferred______________________ Q— F15
Cuba It It common_______________ A I& N
I’ roforred______________________ F&A
14
9
9
9
Delaware Sc Hudson C o __________ Q-AI20
Delawaro Lackawanna & Western Q— .120 10 & lOd 10 & lOd
70i
Denver Sc Rio Grande pref_______ J&J15
5
5
5
Detroit & Mackinac common____ J&J
5
6
5
Preferred______________________ J&J
n il
nil
2
Erie first preferred_______________ Serai-ann
nil
nil
2
Second preferred_______________ A&O
Fonda Johnst Sc G lov common___ Annual
P referred ______________________ Q-AI15
44
4
4
4
F t W orth Sc Den C ity "stpd stk’ ’ .
5
5
Georgia Sou Sc Florida first p r e f.. M & N 8
5
5
5
5
Second preferred_______________ A1&N8
3
3
3
Grand Rapids & Indiana_________ A&O
4
4
4
Grand Trunk guaranteed_________ Semi-ann
6
First preference________________ Somi-ann
24
74
5
Socond preference_____________ Semi-ann
24
24
nil
3
3
Third preference_______________ Annual
7 Sc 14<1
7
7
Great Northern__________________ Q— F
IronOru Proportios(ctfs) (no par)
SI
$1
$1
5
5
Green Bay S W estern___________ Ann-Feb
c
5
4
4
Hocking Valley common_________ J&D30
34
7
nil
Huntington Sc Broad T op pref___ J&J
34
7
7
7
Illinois Central_______ . . ------- Q— AI
Q J
15.
9
9
9
Interboro Rap T r (N Y C ity )----- Q— J
___
Internat Sc Great Northern p ro f..
___
___
___
Kanawha Sc Allchigan.................. Q— AI31
4
4
5
Kansas City Southern pref-------- Q— J15
nil
1
Keokuk Sc Des Alolnes p f (leased) Ann-Apr
14
Lackawanna R It o f N J guar___ Q— J
nil
J&J
i
3
Lake Erio & Western pref_______
8
4 & 2d
10
3
5 4 & 1j
12
8
nil
Q Sc 2d
5
6
7
4
2 4 stk.
4
54
1
4
54
5
5
10
8
2
4
4
8
44
6
7 & 100b
6
5
10
0
5
6
4
4
6
6
6
6
4
1911.
5
6
7
6
5
10
6
5
0
4
4
3 & 50b
5
6
746
5
1912.
1913.
1914.
1915.
1916.
5
6.
7
6
5
12
7
5
6
4
4
10
4
6
6
54
5
6
7
6
5
12
7
5
6
4
3
13
2
3
6
6
6
6
7
6
5
12
5
6
5
12
5 Sc 3d
6 & Id
7
6
5
12
6
4
3
12 & 8d
nil
n il
6
3
7& 24w
4
8 & 4z
5
nil
2
4
106
5
3
7 & 3te
4
8 & 4x
5
nil
nil
2
8
6
3
7&3te
4
8&4z
44
nil
nil
nil
8
3
34
34
4
4
7
7
846
7
8
8
64
44
7
7
7
7
5
54& 24d
5
5
3 (N o . 1)
3
nil
4
5
6
2
2
4
4
4
4
nil
nil
4
4
34
4
5
7
8
54
7
7
6 & 5d
5
34
4
5
7
8
5
7
7
6&5d
5
14
ml
34
nil
4
4
4
4
4
6
9
10&10d
nil
5
5
nil
nil
2
6
8&2d
5
5
nil
24
6 4 & lie
4
8 & 4r
44
2
4
6
8
6
24
6 & \w
4
8 & 2z
3
4
4
8
8
0
Chicago Ind & Louisville com____
P re ferred ______________________
(9) Chicago Alii waukco «S St Paul.
c
Chicago Sc North Western com ___
Preferred______________________
Chicago Rock Isl & Pacific By----Chicago St Paul Alinn & Om aha..
8
Lehigh Coal & N a v . (P a r $ 5 0 ).. Q-F29
Lehigh Valley common (P a r $50) Q— AI25 4 & 2d
10
Preferred (P a r $50)___________ Q— A125
3
Louisiana Sc Arkansas___________ AI&S15
6
Louisvillo & Nashvllto___________ F&A 10
12
AtahoningCoal Itit com. (P a r $50] F& A
Q— J
74
nil
Mexican N orthern_______________ A I& N
t)
Michigan Central________________ J&J29
Minn Sc St Louis preferred______ J&J
5
4
Minn St P Sc S Sto Alarlo com___ A&O 15
Preferred______________________ A&O 15
7
4
Allssouri Kansas & Texas prof___ A I& N K
5
Missouri P a c ific _________________ J&J
Ann-J’ne
5
6
Nashv Chattanooga Sc St L ou is.. F&A
National Rys o f Alex 1st pref____ F&A 10
6
N ew Orleans & Northeastern____ Ann-Sep
Q— F
6
N Y Chicago & St Louis com____ Ann-Alar
AI&S
5
At&S
4
N Y & Harlem (incl 4th A v ) ($50)
10 & 4
(/)
8
N Y Now Haven & H artford----- Q-M31
2
N Y Ontario & Western.......... .
N orfolk Southern_____________
Q— J
Q-AI19
6
N orfolk & Western com m on...
Q-F19
4
Preferred ___________________
8n
Northern Central______ (P a r $50) J&J15
7
Northern P a c ific ________________ Q— F
7
Pennsylvania Railroad (P a r 850) Q-F29
4
Pitts Gin Chic & St L com m on..
5
Preferred______________________ j&J25
7
Plttsb Youngstown & Ashtabula. Q— M
7
P referred ______________________ Q— M
F& A
12
Plttsb & Lako E r ie ____ (par 850)
4
Reading Company com (Par 850) Q-F10
4
First preferred______ (Par 850) Q -M 9
4
Second preferred____ (Par 850) Q— J 13
9&25r
Rich Fred & Pot com & dlv obllg. J&J
Rutland preferred________________ Ann-Jan
115
St Louis Rocky A lt & Pac Co com Q— J10
P re ferred ______________________ Q-M31
4
St Louis & San Francisco 1st pref. Q— P
n il
Second preferred_______________ Q— M
St Louis Southwestern preferred. Q— J15
Q-F16
Seaboard Air Line R y pref___
1910.
ml
5
1
4
4
3
4
___
64
44
34
9
9
9
10 & lOd 20y&35(l) 10 & lOd
nil
5
24
5
5
5
5
5
nil
nil
nil
nil
nil
n il
2
2 (N o . 1)
2
6
6
6
4
4
4
5
6
5
5
5
5
nil •
nil
14
4
4
4
4
5
5
5
5
5
5
6
74
24
nil
h
7
7
7
7
50 eta
50c.
50c.
$1.50
5
5
5
5
7 y$b 7 ^ < 4 ^4d
4 fc
76
4
nil
nil
nil
nil
6
7
7
7
16 & 5o
1
5
4
2^
3
nil
nil
(N o . O 4
8
8 Sc 152
8
8 Sc Id
10 & lOd
10
4 & 2d
6
lO & 10d
10
10
10
nil
3
24
24
7
7
7
54
20
16 & 50d 20 & 50d
12
6
8
8
74
4
4
2 & llu
4
0
0
6
6
nil
nil
5
24
7
7
7
0
7
7
7
7
4
4
4
4
nil
nil
nil
nil
4
4
4
24
6
64
6
5
4
4
2
4
5
5
64
64
5
5
54
54
3
3
3
5
746
5
5
5
746
5
5
10 & 4
10 & 3 4 10& 11(2)
10 & 14
8
8
8
8
n il
2
2
2
9
___
4
24
9 4 Sc Id
___
64
4
24
___
nil
2
I*
8
7m
6
4
5
7
7
U
4
4
4
9
D5
7
6
4
5
7
7
10
4
4
4
9
n il
4
nil
4
n il
2 (N o . 1)
5
56
8
7
6
646
S 6!
B
84
10 & 40 (l
6
4
4
9
nil
54
4
8
7
6
5
r
7
7
10 & 25 d
0
4
4
9
n il
2
6
4
8
7
6
5
5
7
7
10 & 124
54
4
4
9
n il
- - -
4
nil
5
—
4
nil
4
*2 4
4
nil
546
. . .
10&2U
4
5& Id
4
34
4
nil
4
8
10
10
nil
7
20&50d
6
14
0
nil
7
7
4
nil
4
7
2
5
5
4
5
5
10 & 4
5
2
3
7&3te
4
8&4z
3
nil
nil
nil
8#
nil
4
5
7
8
n il
7
7
6&5d
5
n il
nil
nil
nil
n il
4
6
0
9
10&10d
nil
5
5
n il
nil
n il
6
4&2d
5
5
n il
4
2H
24
2^
7
50 eta
7j
nil
5
10&5d
5
4
34
4.
4
1246
1246
nil
7
20&40d
6
n il
0
nil
7
7
n il
nil
4
7
nil
1
5
nil
24
2H
10&4
nil
n il
6
4
4
7
0
5
5
7
7
10 & 5 il
8
4
4
9
nil
15(N o.l)
5
2
nil
44
1
5
5
6
4
34
14
nil
nil
6
5
6
8
6
(
4)
7
6
2
24
7
7
10
8
4
4
9
nil
l
5
nil
nil
11
5
3
5
5
5
4
3
13
nil
nil
5
5
5
4
5
5
(N o 1)2
3
7Sc3w
4
8&4d
nil
nil
nil
nil
4
8
3
7 & 3u>
4
8 & 4d
2
n il
nil
nil
8
nil
1
n il
4
415
7
nil
nil
7
7
6&5d
5
nil
n il
n il
nil
n il
nil
4
4
ml
7
7
8
6
6
9
lO&lOd
nil
215
5
n il
nil
n il
6
6
5
5
n il
3
nil
nil
n il
7
50cts.
5
3
nil
5
3
124& 10d
ml
5
4
215
4
nil
8
8
10
10
n il
5
20&30d
6
nil
3& la
nil
7
7
nil
nil
4
5
nil
l
5
n il
nil
n il
0&4
ml
nil
nil
6
4
8
7
6
nil
2.4
7
7
10
8
4
4
9
nil
l*
nil
nil
n il
nil
2
4 Vs
4
5
7
8
0 & 6d
5
3
n il
215
nil
2
n il
5 Sc lOd
4
6 & 45p
6
9
10 & lOd
nil
nil
nil
nil
6
0
nil
415
24
n il
n il
7
$1.25
5
4
nil
664
b
20
n il
5
4
nil
4
n il
8& 6 d
4
5
5
n il
6
20 & 30d
6
nil
4
nil
7
7
nil
n il
4
04
nil
4
5
nil
5
n il
10 & 4
n il
1
n il
6 4 & Id
4
8
6
2
6
7
7
10 & 20 d
8
4
4
9 & 50r
n il
2
5
ml
nil
n il
nil
F eb ., 1917.]
Name of Company.
Southern Pacific common---------Southern Railway preferred-----(3) Texas Central common-------P referred ______________________
Toledo St Louis & Western p r o f..
Union Pacific common___________
P re ferred ______________________
211
R A IL W A Y AND IN D U STRIAL SECTION.
Dividend
Periods.
Q— J
A&024
J&J
J&J
Q— J15
Q -J
A&O
1907.
1908.
1909.
4
10
4
0
n il
nil
5
4
10
4
0
nil
n il
5
4
10
4
n il
5
n il
nil
0
4
1
6A
4
5
5
5
Vicksburg Shrove & Pacific c o m .. Ann-Nov
Preferred ---------------------------- Ann-Sep
Western Maryland preferred____ Q— J20
West Jersey & Seashore. (Par $50) A&O
Wisconsin Central preferred_____ A&O
5
'
5
n il
5
4A
3
1910.
6
nil
nil
6
4
10
4
6 >*6
nil
5
3
5
4
1911.
6
2
nil
5
4
10
4
4
nil
5
4
5
4
1912.
1913.
1914
1915.
6
4 1*
5
5
nil
10
4
4
nil
5
4
5
4
6
5
5
6
nil
10
4
4
2
5
nil
5
4
6
2 4&2c
(5)5.8334
(5)3.3334
nil
(3)
4
6
nil
nil
5
4
1916.
0
n il
5
5
nil
8
4
n il
5
nil
nil
nil
5
4
nil
5
n il
5
4
r>
nil
S
4
a Special div. b Increase due to change in d lv. period, c Payable in scrip, d Additional div. was an extra payment, e 3% o f this in Atlantic Coast
Line RR. 4% certs, o f indebtedness, a Loased from Oct. 1901 to Chic. Burl. & Quincy Ry. at 7% per annum, but lease abrogated in July 1907 and an extra
common stock, r Additional amount was paid in dividend obligations.
u On Dec. 22 1909 paid 11%, being for period from July 1 1903 to Jan.l
1909. v Additional dividend was paid In stock,
w Additional dividends are from special income acct, x Extra payments from dividend received from
Lehigh & Wilkes-Barre Coal stock owned, v 10% o f this Is an extra payment. * Additional dividend payable in scrip. (1) Payable in stock o f the
Lackawanna R R , o f N . J. (2) Seven per cent o f this Is accumulation o f rentals which were withheld for a time on account o f franchise tax litigation.
(3) Paid in 1914 regular cash dlvs. o f 7 A % (Q.-J-): also declared In Jan., payable Apr. 1. an extra dividend o f 3% In cash and $22.50 par valuecom . and
$12 par val. pref. stock o f the B a it .* Ohio R R . for each share o f union Pac. com. stock held, payment o f said extra divs., both cash and stock, being postoned from A pr. 1 to July 20 on account o f litigation. Said cash dividend was augmented by the interest accrued, being at rate o f 2 “ % from A pr. 1 to
4
uly 1 and 2% from July 1 to July 20. (4) Paid in 1914. in addition to the regular 8% (4% s.-a.), 10% extra in cash, 40% in stock and 28% extra in
cash, this latter representing 8% on the 40% stock dividend from Jan. 1 1911 to July 1 19i4. during whichtime the lease was held up.
(5) Leased from
M a y 1 1914 to M o . Kan. & Tex. at 5% per annum on both com. and pref. stocks.
(6) Decrease due to change in dividend period.
(7) 6 % being
paid on preferred stock. (8) 5% being paid on preferred stock. (9) 7% being paid on preferred stock.
S
DIVIDENDS ON INDUSTRIAL STOCKS.
Name of Company.
Dividend
Periods.
1909.
1910.
1911.
1912.
Acme T ea 1st & 2d pref.
n'o 1 9 1 6 ...
Adams Express---------4 & 4d
4 & 8d
12
12
12
A jax Rubber, I n c ______(par $50)
ted Dec. : 0 1 9 1 5 ...
2
Allis-Ohalmors M fg ., preferred..
tod M ar.
15 191; as succof sor to A lis-C halm
(11) American Agrlcul Ohem com.
___
4
Amerlcan Bk N ote com (Par $50)
4
4
4
4 & Id
Preferred____________ (Par $50)
0
0
6
6
___
(11) American Beet Sugar com___
l> i(N o .l
5
Amor Brake Shoe & F ay com ____
5
6A & A a
7
7
Preferred ___________
7
7
7
7
American Can preferred__________
5
5
5
5
2
(27) Amorlcan Car & Foundry com
2
2
2
(11) American Chicle common___
12 & 0d
12 & 0d
12 & 6d
12 & 6d
(11) American Cotton Oil common
5
5
nil
2A
Amer Dist Telog o f N J
4
4
4
4
Amer Dist Teieg o f N Y
2
2
2
2
American Express________________
12
12
12
12
___
Amer Gas & Electric common____
6
2A
6A
Preferred _____________________
6
0
6
6
9& 12Jl)ff 9 A & 10(7 10 & lOff
Amer Light & Traction common.
10 & 10c;
0
0
Preferred______________________
6
6
n il
n il
nil
n il
(27) American Locom otive co m ..
5
Amer M a lt Corp preferred_______
3
3A
4A
(11) Amer Power & Light common
22 1909
(27) American Radiator common.
0 & 2d
8 & 2d
8 & 2d
10 & 100
American Shipbuilding com m on..
2
4 & 2d
nil
2 & 2d
P referred _____________
7
7
7
7
Amor Smelters Sec prof A
0
0
0
5#
Amer Smelt & Refining common.
4
4
4
4 2-36
Preferred _____________________
7
7
7
8 1-66
Am er Steel Foundries___________
24
nil
3A
Amer Sugar R e f'g com & pref____
7
7
7
7
Am er Telephone & Telegraph____
8
8
8
8
Amer Thread preferred ..(P a r $5)
5
5
5
5
(27) Amer T yp e Founders com___
4&2J
4
4
4
Amor. Woolon (M ass.), com____
oratod F e b. 16 1916
cliusetts.
J15
Preferred ______________________
7
7
7
7
A&O
Amer W riting Paper preferred—
1
2
2
2
Anaconda Copper Mlning(Par$50) Q— F28
8
8
8
9
A&O 15
Associated Oil___________________
...
...
...
...
Q— J
A tl. G u lf& W . I. SS. Linos, prof.
...
Baldwin Locom otive Works com. J&J
1911—
w
Preferred______________________ J&J
17
Q— J
Bothlohom Steel, common______
P re ferred ______________________ Q - J
n il
inil
n il
n il
p Barrett Co comm on..,
6A & A d
0
BA
6A
J15
Preferred _____________
BA
Bliss (E W ) Co. common
Q— J
10
10
5
nil
P referred _____________
Q— J
8
8
8
8
Booth Fisheries, 1st pref
3A
(11) Bordon’s Condensed M ilk com F&A15
8
8
8
8
Brooklyn Rapid T ra n sit..
5
r,
3
4A
S3
Brooklyn Union Gas______
0 & 2d
0
0
0
Brown Shoo common_____
1913.........
1=1
Preferred_______________
Q— F15
(27) Burns Bros., common
2____
Bush Terminal common___
J— J15
4
2 ( N o . 1)
4
Preferred _______________
J&J15
6
5
5
seon ote(3)
Q— M
Butterick Company
3
3
3
2A
B u t t e * Superior M ining (P a r $10) Q -M 30
:>rnia
California Petroleum C orp___
Q— J \ Incorpora ted Sept. 27 1 9 1 2 ..
Q— J
Preferred
Calumet & Hocla Mining (Par $25) Q -M 23
200
108
108
96
116
80
Cambria Steel (Par $50)
Q— F15
3
5
3
5
3
6 Mb
_____ Q -M 31
Celluloid Company_____
0 & 2d
6 &2 d
6 & 2d
6 & 2d
0 & 2d
0 & 2d
Central Coal & Coke common____ Q— J15
0
6
0
6
0
6
Preferred---------------------------- Q— J15
5
5
5
5
6
5
(27) Coutral Leathor comm on____
Q— J
Central & So Amor Toiegraph----- Q— J8
0 St 251
0
6
6
"o ’
6
Cerro do Pasco Copper (no p a r ).. Q— M
Incorpora ted in N o v . 191 5..
v.
Chandler M otor Car . . . . . . . ----Q— J
Incorpora tod N o v . 10 1915.
(11) Chic June Rys & Un Stk Yds
8
8
8
8
8
8
Chicago Pneumatic T o o l---------Q— J25
nil
n il
3
4
4
4
Chicago Telephono-----------------Q-M31
8
10
8
8
9 A & 20/
8
Chino Copper (par $ 5 ). . . — . . .
Q -M 31 Incorpora tod June 9 1909 . . .
(27) Cluott, Peabody & C o., Inc
Q— F
Incorpora ted Fob. 4 1913 . . .
Colorado Fuel & Iron preferred ... J&J
n il
nil
I
n il
nil
n il
24
Common woalth-Edison---------- Q— F
1
0
N o .(l)ltf
6
6A
7
BA
Computlng-Tabulating-Rocord . . Q— J 10 Incorpor ated in 19 11.
(26) Consol G E L t & P, Balt, com Q— J
4
5
Formed Feb. 14 1905
4A
Consolidated Gas o f N ew Y o rk ___ Q -M 15
4
6
6
4
4
4A
Consolidation Coal_____ _________ Q— J31
8 & 00/
6
0 & 2d
6 & 2d
6
6
Q— j
(27) Continental Can, com m on..
Incorpora tod Jan. 1 7 1 9 1 3 ...
Corn Products Refining preferred Q— J15
4 & Id
4 & id
4 & Id
4 & Id
5 11-12
7m
Crex Carpet______________________ J&D15
4 & Id
6
6
5A
2
Crucible Steel preferred
Q-M31
7
7
nil
7A& 10 n
BA
"5 A
Cuba Cano Sugar Corp., prof___
Incorpor ated in Do c. 1915.
Q— J
i
Cuban-American Sugar, com____
Q -J
P re ferred ______________________
7
7
7'
1A
8A
. *3H
Del Lack & West C o a l..(P a r $50) Q— J15 Incorpora ted July 2 1909
10
10
10
Detroit Edison----------------------- Q— J15 Incorp’ d Jan. 1903
7
2
7
5
Diamond M atch---------------------- Q -M 15
6
6 & ld
8
6
10
10
Distillers’ Securities Corporation. Q— J15
2
2
2
2
5H
2
Dome Minos, Ltd (Dar $10)-------- Q— M
Incorpora tod Marcli 23 1910 . .
(34) Driggs-Soabury Ord, c o m ... Q-M 15 Incorpora tod on Au g. 10 1915
10&15d
10&20d 1 0 & 2 7 ^ d 1 0 & 3 2 4 d
(11) Eastman Kodak co m m o n ...
lO&lOd
10&30d
lO & ld
12
Edison Electric Ilium , B o sto n ... § = F
12
lO&ld
lO&ld
l l& X d
8
4
8
8
Electric Bond & Share com m on.. Q— J15
5
5
6
5
'6 *
Preferred_________________ - - - 4
4
4
3
Electric Storage Battery com & pf
5
nil
nil
nil
0&8 A d
Federal M ining & Smelting co m ..
\'A
nV
7
7
7
6
7
Preferred____________ _________ q- mTs
5
Federal Sugar Refining common. Q— J30
6
6
0
6
Preferred______________________ Q— J31
1914.
1913.
6
12
ers C o.
4
6
6
4
3A
0
n il
nil
7
8
7 *2 4 4 a
2
12&6d
nil
4
2
12&25U2J
7A
6
lO & lO y
0' Ab
nil
7
8
7
2
12&8d
nil
4
2
6
8&2 0
6
10*100
6
nil
3
4A
4
4
(7 )1 0 *1 0 0 (7)1112&1O0
1915
3A
6
10
6 & 3 x
--4A
4
6
6
nil
4A
7
7
8 & 2 d
8
7
7
2
2
9A&2 d
14
1
4
4 & 1d
4
2
1A e
4
6
S&40
1 10 & 4 0
6
6
10 & 10 g
IO & IO0
6
6
nil
14
2
lAe
4
4
16
16
4
nil
nil
l\l
6
4
7
0
7
8
5
4
n il
7
n il
nil
5
4&2J
7
1
12
3
10
3
~2
7
~2
7
'3 k
7
7
n il
f
1
__
1
1
»■
4
7
6
4
7
2
7
8
8
7
8
5A
6&2d
...
7
1A
4
6
3
34
7
128
5
6&2d
6
5
6
8
4
5
7
7
3A
8
7
8
(i
6&2d
3
7
5
4
6
3
22 A
nil
nil
6
4
7
7
S
5
4
7
6
3H&1
T~
7
4
n il
9
4
8
8
8
45
50
4
4
8
60
4
6 4& 35j
7 4 & 10/
3
54
6
6
5
6
7
_
n il
64
6
6
5
3
3A
n il
84
6
44& 1 d
7
14
7
s
5
4
34
7
n il
14
4
nil
7
"6 4
7&50
7 & 7 0
7
7
5 & 3 H d 5&233 4 d
8
8
7
8
8
6
6
6 & 2 d
6&2d
nil
14
7
7
5
5
4A
5 & 5 0
6
6
3
24
30&150d
40&300d
7
5A
40
200
(21) 4*4*11 2 A & 2 A J
4J
6&2d
6&2d
nil
4A
5
5
2 (N o .l)
7
6
6
8
1916.
n il
4
300
(31)6*j-2>id
74& 12d
n il
5
3 & 4 d
6 & 3 d
$4
5A&lAd
9
4
8
r
105&60d
nil
8
n il
(32) 60
8
3
7
7
6A&Ad
7
6
6
( N o . 1 )1 4
5
5
5
nil
IV*.
_
7 .7
&X
n il
7 & 6x
5J*
:33)2O&1O0
7
7
10&50 d
7
lO&lOd
7
6& Id
6 & ld
nil
nil
10
6 M & ld
3
lb&20d
12
8
10&50d
12
10&40d
10&20d
6& id
nil
10&30d
12
8(8)
6
4
nil
6
5
6
6
4
nil
7
8
6
rm
nil
5
4
nil
6
6
7
lO &lOd
8
20
7 1£
12
35)8
6
4
ni.
4
ni
212
Name o f Company.
[V o l . 104
K A IL W A Y AND IN D U STRIAL SECTION
Dividend
Periods.
Q— M
Q— M
Q— .115
Q— F l
M&NJ
Quar
Q-F15
Q— J
Ann-Apr
Quar
J&J15
Q— J15
Q— M
Q— J15
Q— M
Q— M
Q— F
Q— J15
Q— J
Q— J
Q— J
Q— F
Q— M 31
Q— M
Q-M30
Q -M 15
J&D15
Q— M
J&D2S
Q— J
Q— F
Q— J
Q— M
Q— I
Q— J
Q— M
Q— J
Q-M31
1907.
1909.
1908.
1910.
1912.
1911.
5
5& lz
5&8 M i
5
2
2
General Asphalt preferred_______
6&5o
6
4
4
5&10?
4
(11) General Chemical common . .
8
8
8
8
8
8
General Electric common_______
n il
150 stk.
Inc orporated
General M otors, common_______
7 7-126
7
7
*7
Sep t. 16 1908
I’ roferred______________________
12&4d
12&8d
12&8d
n il
9
2
G oldfield Consol Mines ($10)____
2
1 Incorpor ated M a y
1912
Goodrich (B F ) Co common_____
4M
{
Preferred______________________
5
(N o . 1) 5
5&25p
(11) Ingersoll-Rand com m on----Inspiration Cons Copper (par $20)
(N o . 1) 7
7
Incorpora ted In July 1909
Internat Agrlcul Corn pref______
3&33 1-3 (7
4M
Internat Harvester or N J com___
7
7
*7*
7
Preferred ______________________
"BM
1 Incorpor ated Jan. 27 1913
Internat Harvester Corp com____
P referred ______________________
17)4(6)
4&25d
10&M d
2& )4d
International Nickel com (Par $25)
6
6
6
6
6
’ a"
Preferred ______________________
2
2
2
2
4
6
International Paper preferred____
nil
n il
n il
n il
n il
n il
International Salt________________
7&3x
O M & lM d
7& lx
4)4
5)4&1 d
International Silver pref_________
4M
3
...
A re-incor poration J uno 30 19 11.
(24) ICaysor (Julius) & C o., com.
(26) Kelly-Spring. Tiro, com. (25)
Incorpor ated April 29 1915.
Kennecott Copper C orp. (no par)
*8*
'8 *
8
8
8
Kings County Elec Light & Power
Lackawanna Steel, common_____
7
7*10(7
6
5
6)4
5
Laclede Gas common____________
5
5&10(7
5
5
5
5
P referred ______________________
Incorpor atod Dec. 14 1915.
Leo Rubber & Tiro C orp. (no par)
13*
13*
(N o .l)6 )4
L eh & Wilkes-Barre Coal (Par $50)
3M
!? :
(
1 Incorpor ated M a y 4 1912
Looso-Wiles Biscuit first p r e f____
41-12
Second preferred_______________
5
5
5
4
(29) Mackay Companies common
Manhattan Shirt common
"1 M
Incorpor ated 1912
Preferred_______________
Incorpora ted Dec. 3 1 1912...
(34) M axw ell M otor,In c, com ___
(N o . 1) 1
4M
1 Incorpor ated June 4 1910 |
M a y Department Stores common
7
(N o .ljlH
P referred ___________
10&5d
10&5d
10&5d
10&5d
10&5d
10&5d
Mergenthaler Linotype
3
1
Incorpor atod Fob. 16 1907.
1
Mexican Petrol. C o., L td ., c o m ..
8
8
8
8
8
6
Preferred______________________ **Q— J "
10
10
10
10&251
10
10
Moxlcan Tolegraph_______________ Q— J15
$1.50
M iam i Copper__________ (Par $5) Q— F 15 Incorpor ated N o v. 29 1907.
\ Incorpor ated Oct. 28 1912
M ontana Power common_______ Q— J
Preferred ______________________ Q— J
7
6
6& ld
BM
(27) National Biscuit comm on___ Q— J15 4M&1 d
BM
6
6&15d
6
4
4
(27) National Carbon common —
4M
Q— J15
7
7
7
7
8Mb
7
N a t Enam & Stamping preferred. Q-M31
4
4
4
n il
2
4 & Id
N a t FlreDroofing p r e f..(P a r $50) Q— J15
3
3
5
4)4
5
(27) National Lead common_____ Q-M31
4)4
n J a n .191 3 by now c im stocl
Old prefer red stock replaced
National Sugar__________________ Q— J
$2
$1.50
37)|cts.
$1.50
N evada Cons. C o p p e r..(P a r $5) Q— M 31
7Mb
6M
*0*
* 6*
N ew England Tolep & T e leg _____ Q-M31
3
n il
4M
n il
8
N ew Y ork A ir Brabo____________ Q-M 23
n\P
4
4 & Md
2M
4
4
N ew Y ork Dock p referred ______ A&015
8
8
6
Niagara Falls Power_____________
Q— J15
5
5
5
'nil
N orth American_________________ Q— J
~3M
~3M
$4
$1.50
$l.c0
$1.50
50c.
Old Dominion Co o f M e (par $25) Q-M31
$1
4
3
3
3
3
3
(11) Otis Elovator common______ Q— J15
6
6
6 & 3d
6
Pacific Coast common___________ Q— F
4M
4M
5
5
5
5
5
5
First preferred_________________ Q— F
6
6
6 & 3d
6
Second preferred_______________ Q— F
4M
4M
N ote (4)
...
3M
Pacific Gas & Electric com m on.. Q— .115
First preferred_________________ Q— F15 Issued In Aug. 1914
*6*
*6*
*6*
n il
n il
Original pref (now 2d p re f)____ Q— F15
6
6
6
6
6
Pacific Telop & Teleg preferred.. Q— J15
4)4
7
7
7
6
6
Peoplo’s Gas Light & Coke (Chic) Q-F25
6M
10 & 2d
10 & 5d
10 & 2d
Incorp Dec. 1908 10 & 2d
Phelps, Dodge & Co (In c )______ Q-M31
6 & Id
6 & Id
BM
6
6
6
Q— F
Philadelphia Co com___(Par$50)
6
5
5
5
5
5
Preferred 5% non-cum(Par $50) M &S
Issued in Feb. 1913
Preferred 6% cum____ (Par$50) M & N
*5*
T
*5*
'n il
n il
n il
Pittsburgh Coal preferred_______ Q— J25
8
8
8
8
8
Q— J
8
Pittsburgh Stool, common______
7
7
P re ferred ______________________ Q— M
n il
nil
n il
"nil
nil
nil
Pressed Steel Car, common______ Q— M 6
7
7
7
7
7
7
P referred ______________________ Q— F24
12
12
12
12
12
12
(30) Procter & Gamble com m on.. Q— F15
8
8
8 & 20/
8
8
Pullman Company______
Q— F15
8
6 & 2d
7M & 2d 9)4 & Md 10 & 50o
6 & 2d
(11) Quaker Oats common
Q— J 15 6 & 2d
nil
nil
nil
n il
3
4
Railw ay Steel Spring common___
7
7
7
Preferred ______________________ Q-M*20
7
7
7
R a y Consol. Copper___(Par $10) Q— M 31 Incorpor ated M a y 1907.
nil
n il
n il
n il
n il
6
Remington Typew riter common
7
7
7
7
7
7
First preferred_______________
Q— J
8
8
8
8
8
8
Second preferred_____________
Q— J
7 & 1*
1M & lx
7 & lx
Ropublic Iron & Steel preferred
3 H & 1*
1M
8M & Qx
Q— J
12
12
12
10
10
10
(11) Royal Baking Powder co m .. Q-M31
9
8
1
1
1
4
Rubber Goods Manufacturing com Q -M 15
7
7
7
7
7
7
Preferred ______________________ Q -M 15
7
7&33 1-3(7
7
Sears, Roebuck & Co common___ Q— F15
7
7
7
7*
P referred ______________________ Q— J
n il
$2
•SI
Shattuck Arizona C op_____ (S10) Q— J 20
13
z
12
11
so "
15
Singer Manufacturing C o_______ Q -M 31
n il
nil
5 & Md
5 8-336
3M
Sloss-Sheffield Steel & Iron c o m .. Q— M
4M
7
7
7
7
7
7
Preferred ______________________ Q— J
6
5
3M
Southern California Edison c o m .. Q— F15
5
5
6
P referred ______________________ Q— J 15
4 & 2d
4
4 & 2d
South Porto Rico Sugar common. Q— J
8
8
8
8
8
Preferred ______________________ Q— J
2
Standard M illin g common_______ Q— F
*4*
BM
3 & 'M d
3 &Md
*3*4
Preferred______________________ Q— F
Studebaker Corporation common Q— M
—
Incor. Feb
"6 M
14~l911
Preferred______________________ Q— M
Submarine Boat C orp___(no par) Q— J 15 Incorpor ated Aug 4 1915.
7
*7*
7
*7*
7
7
Swift & Company________________ Q— J
11 & 50/
12 & 5d
BM
12
7M
15
Texas Company_________________ Q -M 31
2
4
1 ...
|Incor. M ar. 8 1910
Underwood Typew riter common. Q— J
7
7
1
3M
P referred ______________________ Q— J
d Union Ba g & Papor Co. and af
Union Bag & Paper C orp_________ Q-M 15 Inc. Oct. 4 1916; me
3
3
2
M
Union Ferry______________________ J&J 15
12 & JO (7
12
12
12
12
12
Union Switch & Signal ..(p a r $50) Q-J15
12
12 & 60 o
12
12
12
12
P referred ____________ (par $50)
Q-J15
8
8 & lOd
8 & lOd
8 & lOd
8 & lOd
Q— J 15
United Fruit____________________
8
8
8 & 10)
8
8
United Gas Improvem’ t (Par$50) Q— J 15
5 *8
8
10 & 10( 12 & 10(7
8
United Shoo Mach com (P a r $25) Q— J 5
8 & 25(7
6
6
6
6
6
Q— J 5
6
Preferred (P a r $25)___________
nil
nil
nil
n il
n il
4
U S Cast Iron Plpo & Fdy com ___ Q— M
2
6
2M
5M
3)4
7
Preferred ______________________ Q— F15
4 & 20o
1
nil
nil
n il
n il
United States Rubber common___ Q— J 30
8
8
8
8
8
8
First preferred_________________ Q— J 15
6
6
6
6
6
6
Second preferred_______________ Q— J 15
4
4
4)4
4
.4
(27) U S Smelt R ef & M cot - /$50) Q— J 15
5M
5
5
4M & Mo
2
2
2M
United States Steel Corp com____ Q -M 30
7
7
7
7
7
Q — F28
7
Preferred
$3
$3
$3
$2
$1
Utah Copper C o_______ (Par $10) Q— M 31
3
4
3
nil
n il
F& A 15
2M
Virginla-Carolina Chemical com.
8
8
8
8
8
8
Q— J 15
P referred _____________________
7
5M
6 & UMi
5
5
Q— J 20
Vulcan Detlnnlug preferred_____
1M
10
10
10(7
10
10
10
J&J 15
W ells, Fargo & C o_____________
3
3
3
3
1 & 2Ml
5
Wostem Union Telegraph______
Q— J 15
19 & 33b/
20
21
12)4&25 /
20
11)4
W est’house A ir Brake ..(p a r $50) Q— J21
n il
2
nil
n il
n il
10
Westinghouse El & M fg com ($50) Q— J 31
7
1 M & 3M x 7 & 3M x 7 & BMx
n il
10
Q— J 15
Preferred (Par $50)
Incorpora ted Apr. 1 2 1912..
Q— F
(27) WlllysrOverland. common —
Incorpora ted D ecl5
(27) W oolworth (F W ) Co co m .. Q— M
nil
,
1913.
5
6&5(7
8&30Z
nil
7
(i&ld
1
7
6&25(7
3M
5
7
I3M
]5M
10)4
6
2
nil
7&2x
BM
1914.
1915.
nil
B
7
3M
7
10
6
2
nil
7&Mx
6
3
12
12
8
8
18&10ff
6
nil
nil
3
8
6
nil
nil
7
$4.25
nil
4&4j
nil
6
4M
16
4M
7
B&B
BM
6
5
12
20
10&2d
7
6
5
12
20
10 & 4d
7
nil
5
7
nil
7
17)4&l0e
6
2
1)4
7
0
7M
8
8
8
7
5
7
5
7
5
13
7
7
5
13
7
7
5
7
7
13
7
1M
5
1)4
7
5
7
10&5d
4
6 2-3
10
$2.00
I1M
{ 5M^
7
6
7
4
3
4M
$2
7
6
nil
8
5
$5
4
6
5
6
2M
0
6
7)4
10&6)id
7
5
6
5
8
7
nil
7
16&4(7
8
10
2
7
$1.12)4
1
7
8
7&lx
12
10
7
7
7
$1.50
16
nil
7
5
5
4&2d
8
2
5
7
5
2M
7
7
10&4)4d
10
nil
nil
nil
nil
10
10
$1.50
$2.25
2
2
7
7
7
7
6&50(7
6
7
7
1
4
3
3
6
6
$1.12*4
$1.50
7
7
6
6
nil
nil
8
8
5
5
$4
$5
5
4M
6
2
5
5
5
4
nil
Bg
l)4 (N o .l)
6
6
6
6
6
8
8
10&4d
lO&lOd
BM&1M) 4)4&l M
5
5
6
6
5
5
nil
nil
3)4
3M&3M
3
nil
7
7
16&10
16&4(7
8
8
10
10
nil
nil
7
7
75c.
$1.25
nil
nil
nil
7
nil
8
6H & lz lM & M x
8&2d
10
2
7
7
7
7
7&50o
7
7
$1.50
$2.50
12
8
nil
nil
7
3M
6
6
6
BM
4&6d
4
8
8
3
3
5
5
4&ld
7
7
7
7
10
BM
4
4
7
7
filiated co
3
3
12 & 10 (7 12 & 33'. g
12 & 10(7 12 & 33bo
8
8&vd
8
8
8
8
6
6
nil
nil
2
4
6
BM
8
8
6
6
6
4)4
5
4M
7
7
$3
$3
nil
1)4
8
8
nil
3M&2U
8
10
3
3M
16
16
4
4
7
7
6
6&5d
6
BM
1916.
5
6 & 15g
8
25
7
nil
4
7
37)50&20o
26 M
nil
5
7
nil
7
25
6
2)4
2)4&2d
BM
6
15
$5.50
8
3&3d
7
5
Sl‘ .&75c.d
13
7
nil
5
3
7
2M
2M
7
10&2>4d
nil
6
10
$5.75
3)4
7
7
7M
7
nil
4
6
$1.75&$2d
7
9 & 2Md
nil
8
5
$12
5
nil
5
4
3M
6
6
6
6)4
10&22 Md
BM
5
6
5
6
7 &3)4s
2)4
7
18 & 4o
8
10 & 1 (7
0
1)4
7
$2>4
&d50c
nil
nil
nil
7 & 8x
8 & 2d
nil
7
7
7
$2&$2.75d
9
nil
7 & 1« x
6)1
6)1
(37)40&lSff
8
6 & lo
5
8 & 2d
7
$0
8&33 l-3d
10
4
7
1)4
4
12
12
8
8
(40) 8&6d
6
nil
2 & 2d
nil
8
6
7)4
5 & 2d
7
$7 & $5d
nil
8
nil
6
5 & )4d
16 & 10 d
6
7
(42)9 & 50
7)4
5
5
6&5d(22) 6&5d(22)
8
8
50
nil
7
7
3
4)4
nil
nil
7
7
5&10d
B
7
10
4
7
TO BACCO STO CKS.
(ll)A in erlca n Cigar common ..
American Machine & Foundry___
(41) American Snuff common____
(11) American Tobacco common.
Ilclm e (Geo W ) common______
Preferred __________________
Q— F
Annual
13
19
Q— J
10)4
Q— M
10&15 d 10&22 Md 10 & 2
Q— J ' Incorpora ted Dec. 2 1911
Q— J .
6
6
6
5
(
20*&*4d 20 & 9d(2) 12H&3d (13) 12&3< (23)»&2i2
(20)25
5&15d 16)7M -20 20& 15(10
10 & 30a
(
BM
10
7
10&2d
7
R A IL W A Y AND IN D U STRIAL SECTION.
F e b ., 1917.1
Dividend
Periods.
Name o f Company.
1907.
1908.
1909.
Liggett & M yers Tobacco com—
Q— M 1 Incorpora ted N o v . 2 4 1911
Lorillard (P ) common-------------P referred ______________________
(41)MacAndrcws & Forbes co m ..
Porto Rtco-American Tobacco—
(27) Reynolds (R J) Tobacco Co _
Q— J 15
Q— M 5
Q— J
(27) United Cigar M frscom m on ..
United Cigar Stores o f Am co m ..
(27) Weyman-Bruton Co common
(27) Young (J 8) Co com m on...
Q— J
1910.
1911.
_
_-
j Incorpora ted N o v . 2 4 1911
.. .
( j*
1912.
1
1Q 1 2 "
Q— F15 lln corpor ated July 25 1912
Q -M 15
Incorpora ted Dec. 2|1911
Q— J 15
:::
:::
7 jt
8 8c 201
3 & 2d
*
:::
:::
[ (N o '.i)lJ *
5
7X
213
1914.
1915.
1916.
12&4d
12&4d
12&4d
12 & 4d
1 0 & 2 «d
7
10
20j
(1 5 )ll& 3 j
r.\/.
10&5d
7
10
20j
10&3d
ll*S & 5 d
1913.
5
10&331-3C 10 & 5d
16 & 10/
12&5j
12 & 16d
12&4d
6
7
12&20J
10
7
10
10
6H
12&10j
10
7
7
12 & 14d
10
DIVIDENDS ON STAND AR D OIL STOCKS.
Dividend
Periods.
Name o f Company.
1914.
1915.
1916.
O il Subs idiaries—
20
15 & 5d
J— J15 25*100/
5
20
20
Q -M 15
20
20
20
20
Ann-Oct
40
16
28
16
Q-M 15
Q-M 29 24 & 16d 24 & 16d 24&16d
(r)
12
6
12
Q-M 15
12
12
9
6
6
Q-M 15
6
Ann-Dee
5
5
5
40
Q— F
32
24
24
Q-M31
14 & 6O0
12
12
12
Q-M 31
8
8
8
8
In c. N o v . 30 1914
J&J
(N o .1)5 39(36)
32
Q-F15
27
16
16
Q-M 15
12 (39)
12(39)
8(39) 4(38)
Q-J 15
40
34
17
16
j & j
10
10
10
10
Q-M 20 20 & 37d
20& 9d 20&30d 20&72d
°
Form er Stan dard
Anglo-American O U (£ l)
A tlantic R efinin g______
Borne-Scrymser C o____
Buckeye Pipe L (P a r 150)
Chesebrough M fg .
Continental OH___
Crescent Pipe L (P a r $50)
Cumberland Pipe L in e ..
Eureka Pipe Line..........
Galena Signal Oil com ..
P referred____________
Illinois Pipe Lino..........
Indiana Pipe L (Par J50)
N a t Trans (P a r $12.50)
N ew Y ork Transit_____
Northern Pipe Line____
Ohio Oil (P a r $25)........
1913.
Name of Company.
Prairie Oil & Gas_______
Prairie Pipe L in o ______
Solar Refining__________
Southern Pipe L ine_____
South Penn O il_________
S W Penna Pipe Lines. _
Standard Oil (California)
Standard Oil (Indiana).
Standard Oil (K a n sas)..
Standard Oil (Kentucky)
Standard Oil (Nebraska)
Standard Oil o f N J ____
Standard Oil o f N Y ____
Standard Oil (O h io)____
Swan & Finch C o______
Union Tank Line______
Vacuum O il____________
Washington Oil (par $10)
o 1 he additional paymont was a special dividond. b Increase duo to change in dividend period, c An extra dividend o f 200%, payable in collateral
trust bonds, was declared In June 1907. il Tho added amounts were extra dividends, e Decrease due to change in dividend period, g Payable in com
mon stock, h Dividend o f I % , payable Doc. 2 1907, was deferred and paid in Jan. 1908. i Additional amount is in full o f accumulated dividends and is
payable in dividend warrants convertible into 5% debentures, j Payable in scrip. / Payable in stock, rn 2% o f this on account o f acprued div.
n Declarcd payablo Juno 30 1910 (in addition to the regular quar. div. o f 1 M % ), a paym ent o f % % In cash and 10% in 3% scrip on account o f deferred divs.
P TM s te tho old American Coal Products Co.; name changed in Jan. 1916. r Paid in M ar. 1916 on old capital 10% (6% reg .& 4 % extra) and in Junea
stock div. o f 200%; on new capital paid 3 A % (3% reg. & >4% extra) each J’ne, Sept. & Dec. ’ 16. s On’ account o f accum. divs. and being in full o f all ac
cumulations. x On account o f accumulated divs. y Also paid Fob. 10 1910 an extra div. o f $300 per share from accum. surp. z Paid 3% each June, Sept.
& Ccc. 1910 on new stock o f $60,000,000, a stock div. o f 100% having been doclarod from accumulated surplus in June 1910, increasing stock from $30,
000,000; 10% was paid on old stock M ar. 1910. (2) Also in Dec. 1911 received 36 4-11% in com. stock o f tho Geo. W . Ilelm e Co. and 36 4 - ll% in
o f V10 Wyman-Bruton Co. (3) Paid 2 M % in Jan. 1911 on old prof., which has been retired; first div. on new pref., 3 % , paid July 15 1911
(4) Distributed in 1911 on com. stock J4 sharo o f com. stock for each wliolo share held.
(5) Also distributed in Sept. 1912 12,000-401,824 o f a share
o f Amor. Mach. & Fdy. stock for each sharo o f Amer. Tobacco com. stock held. (6) Stock readjusted in 1912. A bove divs. are on old stock: paid on
now com. 2% Dec. 2 1912, and on now pref. l 'A % N o v. 1 1912. (7) 2% o f this is extra. (8) Also paid on com. stock in Jan. 1913 a cash div. o f $1,500,
000. (9) Also a distribution o f 40% on Fob. 15 1913 from funds rocolved in liquidation o f loans to former subsidiaries.
(10) Additional distribution,
being part o f cash proceeds from salo o f certain securs. (11) Pref. stock recoivos 6% per annum. (12) Extra payment was in stock o f Wells, Fargo &
Co. (13) Also distributed on July 1 one-tenth o f a sharo o f Am er. Tobacco prof, and one-twenty-second o f a share o f Amer. Cigar pref. for each share
o f Amor. Snuff com. stock hold. (14) Paid in 1912 50% on stock o f old co. and 20% on new co.’s stock. (15) O f this 5% is extra. (16) Paid in 1913
20% on old capital, a stock dividond o f 300% and 5% and a special disbursement o f 30% on now capital. (17) Paid in 1913 20% on old capital, a stock
dividend o f 300% and 6% reg. and 2 extra on now capital. (18) 28% o f this Is extra. (19) 10% o f this is extra. (20) Fivoper cent o f this paid in
scrip, and also distributed in A pr. 1914 360,729 Restricted B Deferred Ordinary shares o f the Imperial Tobacco Co. (21) One per cent o f this is extra.
(22) W ith option to subscribe for com. stock at par. (23) In lion o f tho usual cash dividend o f 3% in Oct. 1914, distributed 2,425 shares o f P.Loriliard
Co. prof, and 3,440 shares o f Llggott & M yers Tobacco Co. (24) 1st and 2d pref. stocks receive 7% per annum. (25) Prairie Oil & Gas Co. stock
holders rocolved in 1915 the stock o f the now Prairio I ’ ipo Lino Co. on tho basis o f 1H shares o f Pipe Lino stock for each sharo o f Prairie Oil & Gas
held. (26) First prof, stock receives 6% Per annum. (27) Pref. stock receivos 7% per annum.
(29) PreL stock receives 4% per annum. (30) Pref.
stock receives 8% per annum. (31) Includes a quarterly dividend o f 1 H % paid Dec. 29. due to change in dividend periods from Q .-F. to Q .-M .
(32) Being in full o f all accumulated dividends onjpreierred stock. (33) 10% o f this is extra. (34) First pref. receives 7% and 2d pref. 6% per annum.
(35) Also in Oct. 1916 paid on common stock a cash dividend o f $1,060.000. (36) Jan. 1917 dividend o f 12% Included; paid on Dec. 18 1916.
(37) 20% o f this is extra. (38) On par value o f $12.50. (39) On par value o f $25. (40) Also in June 1916 distributed to common stock 15-1000 of
a share o f the Thomas G. Plant Co. preferred stock for each share o f T' .....................
. .
■ - -—
United Shoe - - - Machinery common stock held. (41)_ Pref. stock received 6% per
annum. (42) Par value changed M a y 25 1916 from $100 to $25.
A. B. LEACH & CO.
INVESTMENT SECURITIES
NEW YORK, 62 Cedar Street.
BOSTON
PHILADELPHIA
CHICAGO, 105 So. La Salle St.
BUFFALO
BALTIMORE
HIGH GRADE RAILROAD BONDS
Suitable for Banks, Insurance and Trust Companies
GUARANTEED R. R. STOCK
(E X E M P T FR O M
TAX)
Suitable for Executors, Trustees, &c.
Descriptive List of Offerings on Application
5 NASSAU STREET, NEW YORK
TELEPHONES 2780-2784 RECTOR
Members of the New York Stock Exchange
E S T A B L IS H E D 1865
INDEX
214
[V ol . 104.
INDEX TO COMPANIES—CONSOLIDATED, &c.
Companies not given in the tables in their alphabetical order may be found by reference to the index below.
Marne— .
W ill be Found under—
berdeen & A sh e b o ro _____________Norfolk Southern.
S Hudson.
o
A diron dack________________________ Delaware Railway Co.
Alabama Central.................................Southern
Alabama Consolidated Coal & Iron .-A labam a Company.
Alabama Midland...............................Atlantic Coast Line R R .
Alabama Steel & Shipbuilding C o ____ Tennessee Coal, Iron & R R . Co.
Albany & N orthern__________________ Georgia Southwestern & Gulf.
Alberta R y . & Irrigation C o ..............Canadian Pacific R y.
Algoma Central Term inals__________ Algom a Central & Hudson Bay R y .
A'<roma Steel Corporation..................Lake Superior Corporation.
Allegheny V alley....................... ......... Pennsylvania R R .
Almagordo & Sacramento M tn . R y - . E l Paso & Northeastern R R .
American Coal Products C o .--------- Barrett Co.
American Dock S Im provem ent____ Central of New Jersey.
o
American Ice C o .......... ..................... American Ice Securities Co.
American Oilfields C o . . ....................California Petroleum Co.
American Pipe & Foundry C o ............ U . S. Oast Iron Pipe & Foundry Co.
American Petroleum C o _____________ California Petroleum Co.
American Refrigerator Transit C o— Missouri Pacific R y .
American Spirits Manufacturing........ Distilling Co. of America.
American Steamship C o .......... ......... United States Steel Corporation.
American Still A larm ........................American District Tolegraph o f N . J.
Arkansas Oklahoma S Western........ See Kansas City S Memphis.
o
o
Aroostook Northern E lectric. .......... Canadian Pacific.
.
Aroostook Northern R R ____________ Bangor & Aroostook R R .
Associated Merchants C o................... Associated D ry Goods Corporation.
Atlanta Knoxville Sc Northern.......... Louisville & Nashville.
Atlanta & Northern R R ..................A tla n ta Tennessee & Northern R y .
.Atlantic & Birmingham..................... Atlanta Birmingham St Atlantic.
Atlantic S Northwest.........................Canadian Pacific.
o
A tlantic & Yadkin R R .....................S ou th ern R y .
„
Augusta Terminal R y ....................... Charleston & Western Carolina R y .
o
Austin S Northwestern_____________ Houston S Texas Central.
o
Ayer Mills________________ _____ ______American Woolen
altlmore
Maryland
Baltlmore & Cumberland Valley R R .W esternGas El. L t. RSR .P .
—
Electric............................. Consol.
o
Baltimore St Harrisburg R R ..............Western Maryland R R .
of Balt.
Bangor S Portland............................. Delaware Lackawanna & Western.
o
Bay City & Battle Creek................... Michigan Central.
Bedford B e l t ........ ............................Chicago Terre Haute & Southeastern.
Bellows Falls Power C o ..................... N ew England Company (Industrials).
Bennington & Rutland_______________Rutland R R .
Bergen County R R ----------- ------------Erie R R .
Big Sandy ........................................ Chesapeake S Ohio.
o
Billings & East.M ontana Power C o ..M o n ta n a Power Co.
Binghamton Gas W orks_____________ American Light & Traction.
Birmingham B elt...............................St. Louis & San Francisco.
B luff Point Land Im pt. C o __________Delaware & Hudson Co.
Boonvllle B r id g e .............................. Missouri Kansas & Texas.
Boonvllle St. Louis & Southern........ Missouri Paclflo.
Boston & New Y ork A ir L in e............New Y ork New Haven & Hartford.
Boyer V a lley...................................... Chicago S North Western.
o
Brinson R ailw ay.................................Savannah & Northwestern.
Brooklyn & Montauk................. ....... Long Island.
Brunswick S Western....................... Atlantic Coast Line R R .
o
Buffalo & Susquehanna Iron C o -------Rogers-Brown Iron Co.
Buffalo S Southwestern...... .............. Erie R R .
o
B ullfrog-Goldfield..............................Las Vegas & Tonopah.
Bullock Electric Manufacturing........ Allls-Chalmers Co.
Bullock Manufacturing C o _________ Allls-Chalmers Manufacturing Co.
Burlington Cedar Rapids & Northern-Chicago Rock Island & Paolflo.
Burlington S Missouri R iver..............Chicago Burlington & Quincy.
o
Butte E lectric & Power C o ................Montana Power Co.
airo Bridge C o____________________Illinois Central R R .
aldwell & Northern________________Carolina S Northwestern.
o
Calgary & Edmonton R y ____________ Canadian Pacific R y .
California Electric Generating Co____ Great Western Power Co.
California Northwestern........ .............Northwestern Paclflo.
Calumet Gas....................... - ...............People’s Gas Light & Coke.
Cambria & C learfield_______________ Pennsylvania R R .
Canada A tlantic................................Grand Trunk R y .
Canadian Northern Alberta R y ..........Canadian Northern R y.
Canadian N or. Coal & Ore Dock..........Canadian Northern R y .
Canadian Northern Western R y ..........Canadian Northern R y.
Carnegie Co........................................ United States Steel Corporation.
Carolina Atlantic & Western..............Seaboard A ir Line.
Carolina Central____________________ Seaboard A ir Line.
Carthage & Adirondack..................... N ew Y ork Central R R .
Carthage W atertow n & Sack. H a rb .-N e w Y ork Central R R .
Cataract Power & Conduit C o.......... Buffalo General Electric Co.
Cedar Falls & Minnesota................... Dubuque & Sioux City.
Cedar Rapids Iow a Falls S Northwes.Chlcago Rook Island & Paclflo.
o
Cedars Rapids M fg . & Power C o ----- Montreal Light, Heat & Power.
Cedar Rapids & Missouri R iv er.......... Chicago & North Western.
Central Arkansas S Eastern..............St. Louis Southwestern.
o
Central Branch Union Paclflo........... Missouri Pacific.
Central Counties____________________ Central R y . of Canada.
Central Ga. R R . & Banking..............Central o f Georgia R y.
Central Iron & Coal..........................Central Foundry.
Central Ohio....................................... Baltimore S Ohio.
o
Central Ontario R y .......................... Canadian Northern R y .
Central Petroleum............................ Texas Company.
Central Terminal R R ......................... Minneapolis St. Paul & Sault Ste. M
Central Union Gas................... ......... New Amsterdam Gas.
Central Vermont Transportation----- Central Vermont.
Charleston Northern_____ __________ Seaboard A ir Line.
Charleston & Savannah........ .............Atlantic Coast Line R R .
Chartlers................................... .........Pittsburgh Cln. Chicago & St. Louis.
Chateaugay Ore & Iron C o ................Delaware & Hudson Co.
Chatham S Lebanon V alley.............Rutland R R .
o
Chattanooga Rome & Southern........ Central of Georgia.
Chicago & A tlantic Terminal C o ----- Erie R R .
Chicago Dock..................... ............... Chicago Utilities.
Chicago Edison C o __________________Commonwealth Edison Co.
Chicago Gas Light & Coke................. People’s Gas L. S C. (Ml cell, cos.)
c
Chicago St Grand Trunk R y ________ Grand Trunk Western R y.
Chicago S Great Western___________Balt. St Ohio Chicago Terminal R R .
o
Chicago Hammond S Western..........Indiana Harbor Belt.
o
Chicago S Indiana Coal..................... Chicago & Eastern Illinois.
o
Chicago Indiana St Southern----------- N ew Y ork Central R R .
Chicago Ind. S St. Louis Short Line.Cleveland Cln. Chlo. S St. Louis.
o
o
Chicago M ilw a u k e e *P u g e t S ound..C hicago Milwaukee & St. Paul.
Chicago S North Michigan............... Pere Marquette.
o
Chicago St. Louis & N ew Orleans___ Illinois Central.
Chicago Santa Fe S California......... Atchison System, April '96, Supp.
o
Chicago St. Louis & Pittsburgh....... Pittsburgh Cincinnati Ohio. S St. L .
o
Chicago St. Paul S Minneapolis........Chicago St. Paul Minn. & Omaha.
o
Chicago Subway................................ Chicago Utilities.
Chicago S West Michigan.................Pere Marquette.
o
Chicago Wisconsin S Minnesota....... Wisconsin Central.
o
Choctaw & Memphis.'.)______________ Chicago Rock Island S Pacflc.
o
o
Choctaw Oklahoma S Gulf .......... ..C hicago Rock Island S Pacific.
o
Cicero Gas C o .......... ......................... Public Service Corn, o f N or. Illinois.
Cincinnati Gas Transportation C o___Columbia Gas & Electric Co.
Cincinnati Ind. St. Louis S Chlcago.Cleveland Cln. Chicago S St. Louis.
o
o
Cincinnati Indianapolis & W estern..Cincinnati Hamilton & Dayton.
Cincinnati & Muskingum V alley........ Cleveland Akron S Cincinnati.
o
Cincinnati Sandusky S Cleveland..-Cleveland Cln. Chicago S St. Louis.
o
o
Cincinnati Southern..........................Cincinnati New Orleans & Texas Pao.
Cincinnati Wabash & Michigan R y ..C lev ela n d Cine. Chic. & St. L . R y .
City Electric Co. of San Franolsco___Great Western Power Co.
(H . B .) Claflln C o __________________ Mcrcantilo Stores Corporation.
Cleveland Akron St Columbus.......... Cleveland Akron & Cincinnati R y .
Clearfield & Jefferson__________ _____ Pennsylvania R R .
Cleveland Columbus Cln. S In d ........ Cleveland Cln. Chicago &St. Louis.
o
Cleveland Lorain So Wheeling............ Baltimore S Ohio.
o
Cleveland S M arietta......................... Toledo Columbus S Ohio River.
o
o
C
Name.
W ill Be Found Under—
Cleveland Short L in e________________ N ew Y ork Central R R .
Cleveland Terminal S V alley............ Baltimore S Ohio.
o
o
__
Clyde L in e........ ............... ................Atlantic Gulf & W est Indies SS. C o.
Coal & Iron R y .................................. Western Maryland.
Coal R iver S Western_______________Chesapeake S Ohio.
o
o
Coeur d ’Alene & Pend d ’Oreille_____ Spokane International R y.
Colorado B r id g e .................................International S Great Northern.
o
Colorado Industrial Co_______________Colorado Fuel S Iron.
o
Colorado-Utah Construction Co_____ Denver Northwestern & Paolflo R y .
Columbia S St. Louis......................... Wabash.
o
o
Columbus Connecting S Terminal___Norfolk S Western.
o
Columbus (O .) Gas C o ........ .............Ohio Cities Oas Co.
Columbus Gas & Fuel C o ___________Ohio Cities Gas Co.
Columbus & Hocking Valley_________Hocking Valley.
Columbus & Indianapolis Central___Pittsburgh Cln. Chicago & St. Louis.
Columbus S Toledo................- ......... Hooking Valley.
o
Commercial Nat. Safe Deposit Co____ Commonwealth-Edlson Co.
Connecticut R iver Power C o _________N ew England Company.
Connellsville St Monongahela R R ___United States Steel Corporation.
Consolidated Electric C o..................G r e a t Western Power Co.
Consolidated Gas Co. of Baltim ore..Consol. Gas, Electric Light S Power.
o
Consolidated Indiana Coal___________ Chicago Rock Island S Paclflo.
o
Consumers’ Chemical Corporation___Vlrginia-Carollna Chemical Co.
o
Consumers’ Gas____________________ People’s Gas L t. S C. (Mlscell. cos.)
Continental Coal.................................Hocking Valley.
Crucible Coal C o ____________________ Crucible Fuel Co.
Crucible Fuel C o.................................See Crucible Steel Co.
Cuba Eastern_______________________ Guantanamo & Western R R .
Cumberland Valley R y ................... Pennsylvania R R .
Current R iv e r.....................................Kansas City Fort Scott S Memphis
o
allas S
c a co..................................
Kansas S
o
D anbury&WGrape Creek..................... Missouri So Eastern Texas.So Hartford.
* Norwalk________________New Y ork New Haven
Danville
Chicago
Illinois.
Dawson R y . & Coal C o ................... El Paso & Northeastern Co.
Delano Land...................................... Lehigh Valley.
.
Des Moines & Fort D odge____ _____ Minneapolis St St. Louis.
Des Plaines V alley............................. Chicago & N orth Western.
Detroit Grand Rapids S Western----- Pere Marquette.
o
Detroit R iver Tunnel......................... Michigan Central.
Dexter & N ew port R R ______________ M aine Central R R .
Dexter & Piscataquis R R ................. M aine Central R R .
Dimmick P ip e C o ...............................U . S. Cast Iron Pipe & Foundry Co.
Dominion L ine.................................. International Mercantile Marine Co.
Duluth R ainy Lake & Winnipeg R y ..D u lu th Winnipeg & Pacific R y.
Durham S Northern_________________Seaboard A ir Line.
o
Dutchess County R R ..............- ......... Central N ew England R y .
M aine R _______
E astTennessee RVirginia _____________Maine Central R R .
ast R iver Gas................................ New Amsterdam Gas.
East
S Georgia..Southern Railway.
o
Eastern Michigan Edison................... Detroit Edison.
Eastern of Minnesota_______________ Great Northern.
Easton & A m boy— East. & Northern.Lehigh Valley.
Economy L igh t & Pow er....................Publlo Service Corp. of Nor. Illinois.
o
Edison Elco. 1 . of Brooklyn............ Kings Co. Eleo. Light S Power.
11
Edison Eleo. 1 1 of New Y o rk ..........Consolidated Gas Co. of New Y ork.
1.
Elizabeth River
.............................Norfolk S Portsmouth Belt Line.
o
Elk Horn Fuel C o ...... ........................Elk Horn Coal Corporation.
Ellwood Short L ine........................... Baltimore S Ohio.
o
E l Paso & Rock Island R y ................. El Paso & Northeastern Co.
Equitable Gas Light Co. (New York) New Amsterdam Gas Co.
Erie & Jersey..............- ...................... Erie R R .
Euclid Equipment Trust____________ Bessemer & Lake Erie.
Evansville Belt R y . ....................... ..C h icago & Eastern Illinois R R .
Evansville Henderson & Nashville.-Louisville S Nashville.
o
Evansville & Indianapolis..................Chicago S Eastern Illinois.
o
Evansville M t. Carmel & N or. R y .- .C le v o . Cine. Chicago * St. Louis.
Evansville S Terre Haute................. Chicago S Eastern Illinois.
o
o
Coal..................................
argo S
c
Chicago Milwaukee S
o
F airmontSouthern__________________ Consolidation Coal Co. St.
Flint S Pere Marquette..................... Pere Marquette.
o
Paul.
Florida Central & Peninsular............Seaboard A ir Line R y.
Florida Southern................................ Atlantic Coast Line R R .
Florida West Shore............................ Seaboard Air Line.
Fort Worth S New Orleans............... Houston & Texas Central.
o
F ort W orth & Rio Grande................. St. Louis & San Franolsco.
Fremont Elkhorn & Missouri Valley.Chicago S North Western.
o
Frick H . O. C o ...................................United States Steel Corporation.
Rubber.......... ......................United
Rubber.
G eneral SoRAlabamRa.......................... Erie R RStatesLine R y.
enesee iver R ..........................
.
Georgia
Seaboard Air
Georgia & Alabama Terminal R y ---- Seaboard A ir Lino R y.
Georgia Carolina S Northern........... Seaboard Air Line R y .
o
Georgia Paclflo................................... Southern Railway.
Glia Valley Globe S Northern............Arizona Eastern.
o
Gold S Stook Telegraph Co............... Western Union Telegraph Co.
o
Goshen & Deckortown R R .............. Erie R R .
Gouvernour & Oswegatchie............ .. N e w Y ork Central R R .
Grand Rapids Belding S S a gin aw ...P ere Marquette.
o
Grand Rapids Gas Light................... American Light & Traction.
Grand R iver Coal & Coke C o............ Colorado Fuel & Iron Co.
Grand River Valley.......................... Michigan Central.
•
Gray’s Point Terminal.......................St. Louis Southwestern.
Great Falls Power C o ...... .................. Montana Power Co.
Great Northern R y . of Canada______ Canadian Northern Quebco.
Groat Western R y. o f Canada.......... Grand Trunk R y.
Greenbrier R y ................................... Chesapeake & Onio.
Guatemala Central.............................International Rys. of Cent. America.
_____________ Hawklnsville& Florida Southern R y.
G ulf Line R y
14alcomb Steel C o.............................Crucible Steel Co.
r i alifax & Southwestern R y ............ Canadian Northern
R y.
Hancock & Calumet.......................... Mineral Range.
•' • "1 'T •
>
Hannibal & St. Joseph R y ................. Chicago Burlington & Quincy R R .
Harlem River S Portchester..............New York New Haven * Hartford
o
Heckor-Jones-Jowol 1 C o ..................... Standard M illin g C o..........................
Henderson Bridge.............................. Louisville S Nashville.
o
Hereford
........................................ Maine Central.
Hoboken F erry ....................... - ......... N. Y . S Hoboken Ferry (Mlscel. Cos.)
o
Hocking Coal C o .................................Minneapolis & St. Louis R R .
Hollidaysburgh Bedford & Cum b------ Pennsylvania.
. . . . .
„
H olly Manufacturing C o.................. Worthington Pump & Machinery Co.
H o ly o k e * Westfield R I t ................... N . Y . N . II. & Hartford R R .
Home Long Distance Telephone C o..P a clflo Telephone S lelegraph Co
o
H o u sa to n lc........................................ New York New Haven & Hartford
Hudson C oal......................................Delaware S Hudson Co.
o
Huntington S Big S a n d y ..................Baltimore & Ohio.
o
Hutchinson S Southern..................... Atchison Topeka S Santa Fe
o
o
llinois
United
Illinols Steel C o..................................Chicago States Steel Corporation.
Tu nnel..................................
Utilities.
Imperial Rolling Stock....................... Canadian Northern.
Indiana Bloomington S W estern-----Peoria & Eastern.
o
Indiana Illinois & Iow a....................... N ew York Central R R .
Indiana Steel C o................................ United States Steel Corporation
Indiana Natural Gas S O il................People’s Gas Light & Coke.
o
Indianapolis Decatur & Western----- Cincinnati Indianapolis* Western.
Indianapolis S Louisville................. Chicago Indlanap. & Louisville.
o
Indianapolis St St. Lou is................... Cleveland Cln. Chic. & St. Louis.
International N avigation...................International MercantileMarine.
Interborough-Metropolitan C o .........Interborough Consolidated Corp.
International Steam Pump C o .......... Worthington Pump & Machinery Co.
Iow a Central..................................... Minneapolis & t. Louis.
Iow a Falls S Sioux C ity ..................... Dubuque & Sioux City.
c
Iowa Minnesota S Northwestern-----Chicago S N orth Western.
o
o
Irondaie Bancroft & Ottawa R y ....... Canadian Northern Ry.
F e b ., 1917.]
Name.
INDEX
W ill Be Found Under—
Name.
& Saginaw.............
amestown Franklin
Clearfield___Now York Central.
J ackson LansingCoke&C o____________Michigan Central
Jamison Coal &
Baltimore A Ohio.
Joliet A Chicago_____________________Chicago & Alton.
Junction ............................................ Pennsylvania.
Junction A Breakwater-------- ---------Delaware Maryland A Virginia.
W hite Pigeon_________N ew Y
R.
K alamazoo &Southwestern__________Illinois ork Central R(Industrial
anawha & Hocking Coal & C oke..Sunday Creek Co.
Kankakee A
Central.
Cos.)
Kansas C ity Excelsior Spgs. A N o r..W a b a s h R R ,
Kansas C ity Memphis A BIrm. R y ..K a n s a s C ity Ft. Scott & MemphlsRy,
Kansas City A Memphis R y . B ridge..Kansas C ity Fort Scott * Memphis.
Kansas City & Pacino-------------------- Missouri Kansas A Texas.
Kansas City Pitts. & G u lf................. Kansas City A Southern.
Kansas C ity Northwestern R y ......... Missouri Pacific R y .
Kansas City St. Louis & Chicago____Chicago & Alton.
Kansas & Colorado Pacific__________Missouri Pacific.
Kentucky Central...............................Louisville & Nashville.
Knickerbocker Ice C o____ ___ ________Consumers Co.
K nox A Lincoln.................................Maine Central.
Knoxville & Ohio__________________ Southern R y .
K olb Bakery_______ . . . ____ ________General Baking Co.
ake Erie A Detroit R iv e r __________Pere Marquette
ake Erie A Pittsburgh R y _________N ew Y ork Central R R .
Lake Shore A M ich. Southern R y ___N ew Y ork Central R R .
Lamson Consol. Store S e rv ice ...........American Pneumatic Service.
Laramie Hahn's Peak A Pacific______ Colorado W yom ing A Eastern.
Leamington A St. C lair..................... Canada Southern.
Lehigh A Lake Erie R y ----------------- Lehigh Valley R R .
Lehigh N avigation Electric C o ______ Lehigh Coal & Navigation Co.
Lehigh A New Y o r k ........................... Lehigh Valley.
Lehigh & Susquehanna...... ......... — Lehigh Coal & Navigation (Mlscel.)
Leroy & Caney V a lley....................... Missouri Pacific.
Lexington A Eastern R y — .......... ..L ou isville & Nashville R R .
Lexington A Frankfort..................... Louisville A Nashv. (L . C. & L ex .).
Leyland L in e------------------------------- International Mercantile Marine.
Lick Creek A Lake E r ie .................... Carolina Cllnchfleld A Ohio.
Lincoln Park A Charlotte................. BulTalo Rochester A Pittsburgh.
L ittle Falls A Dolgevllle R y .............. N ew York Central R R .
L ittle Rock Bridge O o........ ...............Chicago Rock Island A Paciric Co
L ittle Rock A H ot Springs W est'n .-S t. Louis Iron Mountain A Southern
L lttlo Rock Jet.— L it. Rk. A Ft. Sm.Missouri Pacific.
Locomo. A Mach. Co. of Montreal___See American Locom otive Co.
Long Dock Com pany...... .................. Erie R R .
Long Island A Flushing....................L o n g Island.
Louisiana * Missouri R iv e r __________Chicago & Alton.
Louisville Cincinnati A Lexington___Louisville A Nashville.
Lousvllle A F rankfort...................... Louisville A Nashv.— L . C. A L.
Louisville A Nashville Term inal.......Louisville A Nashville.
L
RAacopIn R R ------------------------------N . Y . Susquehanna A Western RR *
ivtadlson Gas A Electrlo...................American Ligh t & Traction.
Madison River Power C o ____________M ontana Power C o.
Mahoning Coal ----------------------.. .L a k e Shore & Michigan So. System.
Mallory Line.......................................Atlantic Gulf Sc West Indies SS. C o.
Manitoba A Southeastern................. Canadian Northern.
ManitobaSouthwcst’ n Colonization..Canadian Pacific.
Manltoulln & North Shore R y ............Algoma Eastern R y .
Manitowoc Gr’n Bay A Nor. W est’n.Chicago A North Western.
Mankato A New U lm ......................... Chicago & North Western
Marquette Houghton & Ontonagon..Duluth South Shore & Atlantic.
Marshfield A Southeastern R R -------Wisconsin Central R y .
Maryland Steel C o ----------------------- Bethlohom Steel Co.
Massawippl - - - - - - - - ....................... Connecticut a Passumnslc.
McKeesport A Belle Vernon..............Plttsb. McKeesport A Youghlozhenv
Memphis Paris A G u lf....................... Memphis Dallas & Gulf OUBal0KU,-ny
Mercantile Corporation ..................... (H . B .) Olaflhi C o.
’
Merchants’ B ridge............................. St. Louis Morch. Bridge Term R R .
Mexican Central.................................National Railways of M e x ic o *
Mexican Eastern----------- ---------- — Intcroccanto o f Mexico
Mexican In te rn a tio n a l.................... National Railways of Mexico
Middlesex Valley R R ......................... Lehigh Valley R R .
*
Midland ol!New Jersey.......................New York Susquehanna & Western.
Midland R R ...................................... N . Y . Susquehanna A Westorn R R
Midland T e r m in a l............................Cripple Creek Central
M ifflin Equipm ent............................ United States Steel Corportlon.
MUlen & Southwestern...................... Georgia & Florida.
Milwaukee Lake Shore A W estern— Chicago <c North Western
S
Milwaukee A N orthern....................... Chicago Milwaukee A St Paul
Milwaukee Sparta A North Western..Chicago & North Western
'
Milwaukee A State L in e _____________ Chicago A North Western '
Minneapolis A Pacific.........................Mlnneap. St. P. & Sault Ste Mari
Mlnneap. Sault. Ste. Marie A A t l -----Mlnneap. St. P. & Sault Ste Mario
Minneapolis Term inal.........................Chicago Great Western
Marl0<
Minneapolis Union__________________ Great Northern
'
Minnesota A Io w a ...............................Chicago A North Western
Minnesota A South Dakota................Chicago A North Western
Missouri Kansas & Eastern..........— Missouri Kansas A Texas '
Missouri Kansas A O k la h om a ..........Missouri Kansas A Texas*
Mobile A Bay Shore...........................Mobile A Ohio
,
M obile Sc M ontgom ery R y ................lou lsvllle & Nashville R R .
M obile Terminal Sc R y . C o ................Atlanta Tennessee A Northern R y
Mohawk Sc M alone----------------------- N ew Y ork Central R R
y'
Monon Coal - - — — — - - — - - — — - - ..Chicago Tndlanaooils .v t miisviii*
Monongaheta R iver Cons. Coal Sc O . P ittsb u rg h O o a lC o
Loulsvllle’
Monongahela River R R ----------------Baltimore Sc Ohio R R
"Monon Route” - - - - -------------------- Chicago Indianan Sc Louisville
Montana Central R R ................... ...G r e a t Northern R v L,0ulsv1118
Montana Power Transmission C o___Montana Power Co
Montauk Extension R R .................... Long Island
M ontreal A Province Lino R y .......... Central Vermont R v
Montreal W a reh ou sin g................... Grand Trunk
M orris Canal C o................................Lehigh Valley R R
Mount Vernon Branch....................... Chicago a Eastern Illinois
Munising
.....................................Munising M .nquetto A Southeastern
Mutual Fuel Gas.................................People’s Gas Light & Coke
5astorn»
Mutual Union Telegraph C o..............Western Union Telegraph Co.
lVTashvllle Florence & Sheffield........Louisville Sc Nashville
A"atlonal Railroad of M exico............National Rallwavs of Mexico
National Starch..................................Com Products Refining1Co *
National Tube C o...............................United States Steel Corporation
Naugatuck R R ......................... .........N * Y .
H . & Hartford R R ° ‘
N eb ra sk a ........................................... Chicago Burlington A Qulncv
N evada & California R I t ................... Central Pacific R y
y
y’
New Amsterdam Gas........................ Consolidated Gas of New York
New Brunswick..................................Canadian Paclflo
C B . ,or“ *
Now Brunswlok Southern.................Canadian Pacific"
" J
N ew Castle Sc Shenango Valley______ Sharon R y .
'
New England..................................... New York New Haven * Hartford
N e w England Elevating R y .............Grand Trunk R v
eD * IIarttord*
N ew England Navigation C o .......... N . Y . N . H . A Hertford RR
N ew England Power C o .....................Now England Company R R *
Newburg A New Y o r k ...................... Erie R R .
com pany.
New Haven A D erb y........................ New York New Haven * Hartford
N ew Haven Sc Northmapton R R . . . . N . Y . N . H. & Hartford r r
d*
New Mexico R y . S C oal..................... El Paso Sc Northeastern
c
Now Orleans Mobllo Sc C hicago.........G ulf M obile A Northern °*
New Orleans Mobile A T exa s. . . . . . . .Louis. A Nash. (N o a* Mobile iviv
s
Newport S Cincinnati B ridge............Loulsvllle A Nashville
c
1
Nowport Sc Rtchford R y ................... C on n ecticu t* Passumnslc Rv
New York Bay E x te n sio n ......... — Long Island.
y*
N . Y . Central Sc Hudson River R R ._ N o w Y ork Central R lt
New York A Cuba M all SS. C o .......... Atlantic Gulf Sc West infill's ss n o
New Y ork Elevated...........................Manhattan Elevated
New Y ork A E rie...... ........................ Erie R R .
’
N ew Y ork Sc East River Gas C o ........Consolidated Gas Co o f N ew York
N. Y . Gas. El. L t.. H t. A Po w er---- Consolidated Gas of New York
New Y ork Glucose............................ Corn Products.
’
N ow Y ork Sc Jersey R R ..................... Hudson & Manhattan R R
New York Lake Erie A W estern........ Erie R R .
N ew .Y ork Mutual Gas....................... Consolidated Gas of New York.
215
Will Be Found Under—
New York A New Eng. Bost. T e rm ..N e w York New Haven A H artford.
New Y ork A Northern....................... New York A Putnam.
N ew Y ork Sc Porto Rico SS.C o ....... Atlantic G ulf Sc West Indies SS. Co.
New York Providence A Boston___ New York New Haven A Hartford.
N ew Y ork Sc Putnam ........................ N e w York Contra* R R .
N ew Y ork A Queens E l. L t. A Pow..C onsolidated Gas Co. o f N ew Y ork.
N ew Y ork A Queens Gas C o ............ Consolidated Gas Co. o f N ew York.
New York A R o ck a w a y .....................Long Island.
N ew Y ork A Westchester L ig h tin g .. Consolidated Gas Co. o f N ew York.
New York A Wilkes-Barre Coal........ New York Susquehanna & Western.
Nezperce A Idaho------------------------- Lewiston Nezperce A Eastern.
----------Niagara Lockport A Ontario Pow. Co.
Niagara A Erie Power Co
Niagara Falls H yd Pow. A M fg. C o..H ydrau lic Pow. Co. of-Nlagara Falls.
NUes Tool Works C o...........................Nlles-Bement-Pond Co.
Caf ollna.............................Atlantic Coast Line R R .
Norfolk Terminal A Transportation..Chesapeake A Ohio.
Northeastern R R . of So. Carolina-----Atlantic Coast Line R R .
x t EIk ?ir?re Electric C o----------------- Public Service Corp. of Nor. Illinois.
North Wisconsin ............................. Chic. St. Paul Minn. A Omaha.
Northern California........ .................. Southern Pacific R R .
Northern Maine Seaport................... Bangor A Aroostook.
Northern Mississippi River Pow . C o.N orthorn States Power Co.
Northern R y . (Canada)..................... Grand Trunk R y.
Northern R y. o f California................Southern Pacific R R .
Northern Union Gas C o ..................... Consolidated Gas Co.
Northwestern Gas Light A Coke C o .-P u b lic Service Corp. o f North. IP .
Northwestern Telegraph C o ----------- Western Union Telegraph Co.
Northwestern Union---------------------- Chicago A North Western.
Norwa'k Steel C o — •- - - - -------------Crucible Steel Co. of America.
Norwood A Montreal R R ------ ------- N ew Y ork Central R R .
Steam Navigation C o ........ International Mercantile Marine Co.
cean
O ceanicSteamship----------------------- Central of Georgia Ry.Coke.
Ogden Gas. . . . . . . . . . . - - - - - - ..........People’s Gas Light A
Ogdensburg A Lake Champlain....... Rutland R R .
Ogdensburg Terminal R y .................Rutland R R .
Ohio Indiana A W estern................... Peoria A Eastern
Ohio A L ittle Kanawha..................... Baltimore A Ohio.
Ohio R iv e r ......................................... Baltimore A Ohio.
Ohio Southern.................................... Detroit Toledo A Ironton
Ontario A Quebec.............................. Canadian Pacific.
Oregon Eastern R y ............................ Central Pacific R y.
Oregon R R . A N avigation C o .......... Oregon-Wash. R R . A N a v .'C o
Ozark A Cnerokee Central................. St. Louis A San Francisco.
o f Missouri................... Missouri
y.
P acific R R . Memphis R y ..................LouisvillePacific Ro f Mexico.
A Nashville R R .
aducah A
Pan-American R R ............................ National Railway
Paragould Southeastern............. ......... St. Louis Southwestern.
Passaic A N ew York R R ................... N . Y . Susquehanna A Western R R .
Pembroke Southern_________________ Grand Trunk R y.
Penn-Mary Coal ----------------------- Pennsylvania Steel.
Pennsylvania Coal A C oke................. Clearfield Bituminous Coal Corn.
Pennsylvania A N . Y . Canal............. Lehigh Valley.
Pennsylvania A Northwestern______Pennsylvania R R .
Pennsylvania Steel C o ...................... Bethlehem Steel Co.
Pennsylvania Utilities C o ..................General Gas A Electric Co.
Penobscot Shore L in e........................Maine Central.
Pensacola A A tla n tic........................Loulsvllle A Nashville
Peoria A Northwestern..................... Chicago A North Western.
Petersburg ............................. Atlantic Coast Line R R .
Philadelphia A E rie..........................Pennsylvania.
Philadelphia A Reading.................... Reading Company.
Phila. Wilmington A Baltim ore........ Phlla. Baltimore A Washington R R .
Piedmont A Cumberland R I t ............ Western Maryland R R
*
Pine Bluff A W estern......................... St. Louis Iron Mtn. A Southern.
Pine Creek . . .
............ N ew Y ork Central R R .
Pittsburgh Cleveland A T o led o..........Baltimore A Ohio.
Pittsburgh Crucible Steel C o..............Crucible Steel Co. of America.
Pittsburgh Junction..........................Baltimore A Ohio.
Pittsburgh Lisbon A Western............ Wheeling A Lake Erie R R .
Pittsburgh Newcastle A Lake E rie..B altim ore A Ohio.
Pittsburgh Palnesvllle A Falrport___Baltimore A Ohio R R .
Pittsburgh Shenango A Lake Erie. ..Pittsbu rg Bessemer A Lake Erie.
Pittsburgh Virginia A Charleston. ..Pennsylvania.
Pittsburgh A W estern...................... Baltimore A Ohio.
Pleasant Valley Coal......................... Denver A Rio Grande.
Portland A Ogdensburg.................... Maine Central.
Portland A Rochester R R .................Maine Central R R .
Portland (M e .) Union Station C o ___Portland Terminal Co
Portsmouth Great Falls A Conway ..B oston A Maine.
Postal Telegraph Cable.................... Mackay Companies.
Potomac V alley.................................. Western Maryland.
Potter O r e ----------------------- ---------- Republic Iron A Steel.
Pratt A W hitney.............................. Nlles-Bement-Pond Co.
Prescott A Eastern.............................Atchison Topeka A Santa Fe.
Prlncton A Northwestern................. Chicago A North Western
Prospect Park A Coney Island R R ___Long Island R R .
*
Providence A Springfield ................. New York New Haven A Hartford
Providence Term inal........................ New York New Haven A Hartford
Public Service Bldg. Co. o f B alt........ Consol. Gas E l. L. A P . Oo. o f Balt.
u’ Appelle L 'g L a ’ e A Sask..........Canadian Northern
uebec Central-.............................. Canadian Paclflo.
Quebec A Lake St. John R y ..............Canadian Northern R y.
Q
Augusta-Ral. A Gaston ..Seaboard A ir Line
R aleigh AA Southport.........................Norfolk Southern.
ateigh A Cape F ea r....................... Norfolk
Raleigh
Southern.
Raleigh A Southwestern........ ...........Chesapeake A Ohio
Ravenswood Spencer A G len vlllc___Baltimore A Ohio
Republican V a lle y .............................Chicago Burlington A Quincy.
Retsof Mining C o............................... International Salt Co.
Richmond A Allegheny Valley R y . . . Chesapeake A Ohio Ry
Richmond A Danville........ ............Southern Railway.
Richmond A Mecklenburg R R ______ Southern R y.
Richmond A Petersburg................... Atlantic Coast Line R R .
Rio Grande W e s te r n ........................ Denver A Rio Grande
Rlsdon Iron W orks.............................United States Steel Corporation.
Rochester A Pittsburg.......................Buffalo Rochester A Pittsburg
Rock Island Ark. A Louisiana......... Chicago Rock Island A Pacific’
Rock Island Im provem ’ t Equlpm’ t-.Chlcago Rock Island A Pacific
Rock Island A Peoria R y ..................Chicago Rock Island A Pacific R y.
Rocky M t. Coal A Iron C o ................Colorado Fuel A iron Co.
Roland Park Electric A W ater C o . . . Consol. Gas El. L. Heat A Power Co
Rome Watertown A Ogdensburg____ N ew York Central R R .
Rutland-Canadlan........ ................... Rutland.
Rutland Toledo A Northern R y ........ Chicago A Alton R R .
acramento Valley
Huron..............Pere Marquette
S aglnaw Tuscolag eA Power C o......... Northern California Power Co
St. Charles B r id .............................Wabash.
i
■
St. Clair Madison A St. Louis B e lt ..Missouri A Illinois Bridge A Beit
St. Clair Furnace C o .........................United States Steel Corporation.
St. Clair Steel . . . . . . . — ................. United States Steel Corporation.
St. Clair Terminal R R ....................... United States Steel Corporation
St. Joseph Gas.
.............................. American Light A Traction.
St. Lawrence A O ttaw a..................... Canadian Pacific.
St. Louis B r id g e .............................. Terminal Association of St. Louis.
St. Louis A Cairo R y ......................... M obile A Ohio R R .
St. Louis Iron Mount’n A Southern.Missouri Pacific System.
St. Louis Peoria A N . W . R y ............Chicago A North Western Ry
St. Louis Wichita A W estern............St. Louis A San Francisco
St. Maurice Paper C o ....................... Union Bag A Paper Co.
" ? t . P a u l " . . . .................................... Chicago Milwaukee A St. Paul
St. Paul A Duluth.............................Northern Pacific.
St. Paul Eastern Grand Trunk -----Chicago A North Western
St. Paul A Kansas City Short Line ..Chicago Rock Island A Paclflo
gt- Kau!
-v
v - - - -Anl8rlcan Light A Traction. '
St. Paul Minneapolis A M anitoba...G reat Northern.
St. Paul A Northern Pacific..............Northern Pacific R y
St. Paul A Sioux City bonds..............Chic. St. Paul Minn. A Omaha.
.Salmon U 'ver Power Co’
........... Niagara Lockport A Ontario Pow.Co.
Sanford A St. Petersburg R R ........... Atlantic Coast Line R R .
San Francisco A North. P a c ific ........Northwestern Pacific.
[V o l . 104
INDEX.
216
Name.
W ill Be Found Under—
San Francisco & San Joaquin V a l. ..Atchison Topeka & Santa Fe.
San Pedro Los Angeles & Salt L a k e ..Los Angolos & Salt Lake R R .
Santa Fe Prescott & Ph oenix..........Atchison Topeka & Santa Fe.
Saranac & Lake P la cid ..................... Chateaugay & Lake Placid.
Sault Ste. Marie & Southwestern— Chic. St. Paul Minneap. & Omaha.
Savannah Florida & Western----------Atlantic Coast Line H R .
Schenectady & Duanesburg..............Delaware & Hudson.
Schoen Steel W heel........................... United States Steel Corporation. ,
Schuylkill R iver East Side............... Baltimore & Ohio.
Schwarzschild & Sulzberger............. Sulzberger & Sons Co.
Scioto Valley & New England..........Norfolk <s Western.
S
Seaboard & Roanoke......................... Seaboard A ir Line.
Sea Coast___- ______ . . . . . . . . . . . . . -Atlantic City.
Shade Gap
___________ ____ ______East Broad T o p R R . & C£oal Co.
Sharon Coke C o ................- - ...........-Union Steel C o ^
Sherman Shreveport & Southern____Missouri Kansas & Texas
Shreveport Bridge & Term inal..........St. Louis Southwestern.
Silver Springs Ocala & G u lf________ Atlantic Coast Line R R .
Sioux City & Pacific......................... Chicago & North Western
SIo m Iron & Steel C o ......................... Sloss Sheffield Iron & Steel Co.
Sodus Bay & Southern..................... Elmira & Lake Ontario
Somerset R y _____ - _____ ______ _..M aine Central.
South Carolina & Georgia................. Southern R y .. Carolina Division.
South & N orth A la b a m a ................... Louisville & Nashville.
South Platte Canal & Reservoir_____ Denver Union Water.
Southeastern & St. Louis................. Louisville & Nashville.
Southern In d ia n a ............................... Chicago Terre Haute & Southeast d .
Southern Pacific Branch................... Southern Pacific R R _
___
Southern Sierras Power C o . . . .......... N evada California Electric Corp.
Southwest Pennsylvania....................Pennsylvania.
Southwestern Coal & Im pt. C o .......... Missouri Kansas & Texas R y.
Spanlsh-Amerlcan Iron C o __________ Bethlehem Steel Corporation.
Spartanburg Union & Columbia-----Southern R y .. Carolina Division
Spokane Falls & N o r th e r n .............Great Northern.
. . . .
Spuyten D u yvll & Port M orris..........N ew Y ork Central R R .
Standard Gas...... ................................Consolidated Gas.
•
Standard Steel W o r k s ....................... Baldwin Locom otive Works.
Staten Island R y .................................Baltimore & Ohio R R .
Stephenvllle N orth & South T e x a s ..St. Louis Southwestern R y .
Sturgis Goshen & St. Louis__________ N ew York Central R R .
Suffolk & Carolina.............................Norfolk Southern.
Sullivan Co. Coal Branch................. Chicago & Eastern Illinois.
Sulzberger Sons & C o ....................... -Wilson & Co.
Sumter & W ateree.............................Southern R y ., Carolina Division.
Sunbury Hazleton & W ilkes-B arre.-Pennsylvania.
Sunbury & Lew iston......................... Pennsylvania.
• •
Superior Short Lino R y ..................... Chicago St. Paul M inn. & Om. R y .
Indianapolis_______ Pitts. Olu. Chicago & St.
T erre Haute &Southern & Detroit-.M ichiganKansas co Texas. Louis R y .
exas & O klahom a.......................... Missouri
Toledo Canada
Central.
Toledo Walhondlng Valley & O h io -T o le d o Columbus & Ohio River
Tom bigbee V alley___________________ Alabama Tennessee & Northern.
Toronto Grey & Bruce....................... Canadian Pacific.
T roy & Boston----------------------------Kiteh-burg.
Tunnel Railroad of St. Louis..............Tormina Ass'n of St. Louis.
Turner (J. Spencer)........................... International Cotton Mills Corp.
Name.
WHl r
Found Under—
nited Cigar Manufacturers______ Genen l Cigar C
U nitodElec. Light <3s Companies____ Associated DElec.o.,t.Inc.Power.
ry Goods Corporation.
D ry Goods
United
Power, B alt___Consol. Gas
L
&
United Elec. L t. & Power of N . Y ..Consolidated Gas.
Union R R .................................. ....... United States Steel Corporation.
Union Stock Yard & Transit C o-----Ch. J. Rys. & U. Stk. Y . (Mlsc. Uo».)
United States Leather.......................Central Leather.
United States Sugar Refinery............ Corn Products Refining Co.
Upper Coos....................................... Maine Central.
Utah Central...................................... Denver & Rio Grande.
Utah Company...................................U. S. Smelting, Refining & Min Oo
Utah F u e l..........................................Denver & Rio Grande.
Utah & Northern.............................. Oregon Short Line.
U tica & Black R iv e r......................... N ew Y ork Central R R .
U tica Clinton & Binghamton R R ____ Delaware & Hudson R R .
Buren
Aroostook R .
V an Cruz to Bridge........................... Bangoral& Railways o ffRM exico.
erz Cruz & Pacific R R ...................N ation
o Mexico.
Vera
isthmus_______________National Railways
Verdigris Val. Independ’ ce & W est..M issouri Pacific.
Vicksburg & Meridian ..................... Alabama & Vicksburg.
Victoria Rolling 8tock................. ....... Canadian Pacific.
Virginia A ir L in e ........................... ..Chesapeake & Ohio.
Virginia Midland____________________ Southern Railway.
abash-Pittsburgh Term inal......... Pittsburgh & W est Virginia.
aco & Northwestern______________Houtston & Texas Central Railway.
W alker Co _________________________ West'ghouso El. & Man. (Mlso. Co*.#
Washington County___________ _____ Maine Central.
Washington & Columbia R iv er........ Northern Pacific.
Washington Ohio & Western........... Southern R y .
_ , _ _
Webster Coal & Coke........................ Clearfield Bituminous Coal Corp.
Westchester Lighting C o ....................Consolidated Gas Co.
W est Chester R R ..................- ...........Pennsylvania R R .
West Pennsylvania R R ..................... Pennsylvania R R .
West R i v e r .............................. ......... New London Northern.
W est Side B e lt...................................Pittsburgh Terminal U R . & Coal.
West Virginia & Pittsburgh.............Baltimore & Ohio.
Western Pennsylvania...................... Pennsylvania.
Western Pocahontas Corporation____ Chesapeake & Ohio.
Western Steel Car & Foundry C o ----- Pressed Steel Car Co.
Western Telephone & Telegraph C o.-A m erican Telephone & Telegraph Co.
W nlpple Car C o .................................Grand Trunk R y .
Wichita & Midland V a lley ................. Midland Valley.
Wilkes-Barre & Eastern....................N . Y . Susquehanna & Western.
Wlllm ar & Sioux Falls........................Great Northern.
Wilm ington Columbia & Augusta— A tlantic Coast L ine R R .
W llm . & Weldon— WUm. & Newbern A tlantic Coast Line R R .
Winnipeg Term inal.............................Canadian Northern
Winona & St. Peter........................... Chicago & North Western.
Worcester Nashua & Rochester.. . . Boston < Malno.
&
W yom ing Valley Coal Co____________ Lehigh Valley R R .
•
W
_______ _____ Maryland
Y ork <& Peach B ottom ..................... Sierra R y . & Pennsylvania.
osemlte Short Line
of California.
■Janesville & Western....................... Toledo & Ohio Central.
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Bonds and Preferred Stocks
of Public Utility Companies
in the management of which we are associated
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Hodenpyl, Hardy & Co
Incorporated
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