Full text of Commercial and Financial Chronicle : February 27, 1915 : Railway and Industrial Section, Vol. 100, No. 2592

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INDUSTRI
AL
RAILWAY AND
SECT,ON
OF THE

COMMERCIAL & FINANCIAL CHRONICLE
Copyrighted in 1915 according to Act of Congress, by WILLIAM B. DANA COMPANY,in office of Librarian of Congress, Washington, D.C.

Vol. 100.

NEW YORK, FEBRUARY 27, 1914.

RAILWAY AND INDUSTRIAL SECTION.
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THE TRESPASSER EVIL.
Disasters to passenger trains might be called the
'conflagrations" in railway troubles, and they are
also spectacular and are liable to sacrifice many lives
on a single occasion; therefore, they receive the
widest attention. Deaths and injuries among railway employees are also noted, because everything
which concerns labor is now made much of. Yet
fatalities occurring to persons with whom the roads
have no contractual relations and no possible concern
except to repel them as much as possible—the trespassers upon railway property—receive barely a
mention in a line or two, if any; they are straggling
incidents which seem to have no public interest,
although their aggregate number is large.
In the year 1913 these fatalities reached 5,558—
more than the slain at the Battle of Bull Run; and
fourteen times as many persons who had voluntarily
exposed themselves to danger were killed in that year
as there were passengers killed, according to a recent
bulletin of the Railway Business Association. In
the decade 1901-10, inclusive, 50,025 trespassers
were killed and 53,427 were injured in the United
States, against 4,434 killed and 1,315 injured in the
United Kingdom. The General Safety Agent of the
New York Central says that in the decade 33,000
persons under twenty-one years of age were killed
or injured while trespassing on the right-of-way of
roads in the United States—enough to mark a post
for every mile around the globe. Inter-State Com-




No. 2592.

merce Commissioner McChord said to the Co-operative Safety Congress held in Milwaukee in 1912 that
in twenty years the trespassers killed by railroads in
this country were 86,733 and the injured were 94,646,
the total, 181,379 casualties, equaling the population
of Columbus, Ohio. The majority of those hurt, he
said, were either crippled or seriously maimed for
life. Nor are these heedless unfortunates all of the
hobo class, wage-earners and small children being included in them. Of a thousand investigated cases,
he said, 598 were of self-supporting persons; 376 were
single, 273 were known to have left wives and children, 312 were laborers.
There are some reasons why a natural temptation
is felt to walk the tracks, especially by persons who
live near them. When the points of starting and of
destination are near them,the tracks offer the shortest
possible distance; while the irregular spacing of ties
makes the step somewhat fatiguing, this is not much
felt in brief walks, and there are no grades to overcome, nor can anybody possibly lose his way. A
railroad track offers perfect safety from ordinary
vehicles, automobiles included, and there are many
near-by residents to whom it appears a great convenience. Besides the great latitude of the laws on
this subject in our own country and the much
greater sternness in Europe, our roads are"more easy
of access for pedestrians, the grade crossings here
making it easy to reach them without climbing; yet
people will take the trouble to climb. Where track
elevation in Chicago has been expensively constructed people "leap over a city ordinance and climb up
on the elevation, in their unconscious devotion to
the pursuit of being killed or maimed; in three
months 339 arrests were made on the elevated right
of way of four systems, but only 67 of the offenders
were punished." A like recklessness with the auto
at grade crossings, and with even less plea of necessity, is observed. According to careful observation,
an astonishingly large proportion of drivers rush over
without pausing or glancing, and even a lowered gate
hardly halts some in the fierce desire to get over the
crossing before the advancing train can pass it.
Since 1868 persons who go on railway property
without right or permission have been subject to a
$10 fine in the United Kingdom, this penalty reaching
up to $25 in Germany; in France the penalty in case
of non-employees who go on the right of way without
written permit reaches as high as $579 fine and a
month's imprisonment. In Canada the penalty extends to $50 and two months' imprisonment. In the

4

RAILWAY AND INDUSTRIAL SECTION.

year ending with last June, 94 trespassers were killed
and 135injured on the Wabash lines, but only 3 were
killed and 3 injured on the mileage operated in
Canada. This may be partly because of the comparatively short distance there, but the receiver
ascribes the little trouble in Canada to the very
strict enforcement of the law,and it must be said that
strict enforcement prevails in Europe.
In this country the defect is not merely in the
entire absence of prohibitive statutes but in their
evasiveness. Thirteen States by statute prescribe
penalties ranging from $5 fine to ten days in jail in
Maine to $50 fine or one year in jail in New York,
but thirty-five States have no law specifically forbidding walking on a railroad right of way. Last
year, Louisiana passed a law forbidding others than
passengers and employees from being on railway
equipment, and Maryland passed one prohibiting
trespass on cars and locomotives, this being plainly
a very different and inadequate method of treatment; but the most notable example of evasion is
Section 3,145 of the laws of Missouri, that:
"If any person not connected with or employed
upon the railroad shall walk upon the track or the
tracks thereof, except where the same shall be laid
across or along a publicly traveled road or street or
at any crossing, as hereinbefore provided, and shall
receive harm on account thereof, such person shall be
deemed to have committed a trespass in so walking
on said track, in any action brought by him on account of such harm against the corporation owning
the railroad, but not otherwise."
The effect of this verbose apparent prohibition of
trespass is that the trespasser is not such before the
law unless and until he is hurt and seeks to collect
compensation from the company.
Lack of realization that people not only take their
own personal risks by trespassing but are actually
trespassers and are bound to keep off is general. The
Iowa Railroad Commission said in its 1911 report
that a very large percentage of those killed on the
right of way are neither tramps nor irresponsibles,
"but are persons of good standing in the community
who make short cuts to and from points where they
are employed." and the report gave tables classifying
the killed and injured as trespassers and non-trespassers. Minnesota also furnishes an example of
avoidance by declaring a misdemeanant every nonemployee who, without permission, "on foot or with
any animal or vehicle, shall enter upon any railway
bridge or trestle," or shall without authority ride or
propel any velocipede along the track. It would be
possible to perform the perverse feat of entering upon
a bridge or trestle without setting foot on the line
outside; yet walking on the latter is not forbidden,
if one gets off when reaching the forbidden spots.
Illinois forbids trespassing on locomotives or cars,
but not on the line itself.
Where there are statutes, enforcement is commonly
left to the railways themselves. The General Managers' Association of Chicago reports 4,785 arrests in
three months, "by railway police," but in considerably more than one-half the cases no penalty was inflicted. The Executive Office in Indiana reports
that prohibitions of track-walking are made by the
companies and are within their powers of regulation.
commissions to special officers
In Delaware "we issue
these officers have police
companies;
of the railway
of all matters of tresregulation]
powers and the



[VoL. 100.

passing." The general testimony of railway managers is that trespassers are seldom punished ordinarily, and insufficiently when at all; that trespassing is
encouraged rather than the contrary, and that in
some of the Northwestern States it is not difficult
to make out a case before a jury which will get a
damage verdict against the company. The explanation is that it is deemed the company's duty to keep
bipeds as well as quadrupeds off the tracks if it can,
and that right of way is only a legal fiction as against
an apparent public convenience of unpaid "service."
The most striking evidence of this was furnished by a
speaker at an address to the legislative board of the
Illinois firemen and enginemen, in September, who
said of a proposed severe bill against trespassing:
"That bill didn't look good to us, and we killed it,
and one of the Senators told us, 'you boys could
come here and ask to have the rails nickel-plated on
the railroads and we would do it for you, but when
the railroad company asks for a little bill like that
you boys object to it.' And why shouldn't we"?
A number of important systems have been working
energetically to combat the evil. The New York
Central's Safety Agent (whose very title is suggestive) in 1913 visited local magistrates, to whom statistics were exhibited; publicity was sought through
the press, and a campaign of safety education was
also begun in the schools. The road's own police
worked systematically, and in May-July last there
were 4,545 arrests and 4,015 convictions of persons
walking on the tracks or stealing rides; in the seven
months ending with last April the numbers of killed
and injured were 98 and 121, respectively, against
136 and 173 in the like time of 1913. The antitrackwalking crusade promoted by the Public Safety
Commission of Chicago and Cook County is interesting the women; the American Museum of Safety in
this city is publishing matter about this, and an
earnest movement will be made upon all legislatures
which hold sessions in 1915, in States where proper
action has been unprocurable heretofore.
This has been loosely regarded as merely a nuisance
to the railroads, with which they might deal as they
could; it has not been recognized as a public nuisance,
not only in the toll it exacts of life and limb and the
burden of support it throws upon the public, but as
an encouragement to tramps and yeggmen. To
suppress it is far less a duty owed to the roads than
a protection owed to the public in general.
SINS OF AND AGAINST RAILROADS.
The Inter-State Commerce Commission report for
1913 showed that between Dec. 1 of 1912 and the date
of compilation for that report it had caused 61 criminal indictments to be returned for violations of the
Act to regulate commerce and of the Elkins Act,
and that of the 61 no less than 34 were of shippers
themselves, for such offenses as misbilling shipments,
securing rebates and violations by passengers of the
anti-pass provisions. In this time 72 persecutions for
such offenses were concluded, and of these no less
than 46 were against patrons of the roads. Of 25
indictments found in October and November of last
year, the large number of 21 were of shippers, and
complete figures for 1914 are in the same direction;
the indictments of roads were 21 in that year, against
37 of other corporations and persons, and the prosecutions maintained were 23 against the railroads and
45 against others. In 1913 and 1914 together the

FEB.. 1915.]

RAILWAY AND INDUSTRIAL SECTION.

5

total indictments were 119, of which 48 were of the going on in other States and they wanted so good
roads.
a thing in theirs.
The offenses of patrons are quite varied in the
Candidly speaking, there was no other reason; that
forms of cheating. They are: Making fraudulent comprised the entire case. Like services ought to be
claims; using false weights; misusing the free pass; rendered for like charges, but the conditions which
accepting rebates; seeking unlawful discriminations; make services "like" were ignored. Because the
falsely describing contents of packages; misbilling; New York Central had a charter restriction to two
&c. These are not novel practices, and on July 27 cents a mile and had gotten on under it, the assumpof 1912 the "Chronicle" referred to a then recent tion was made that other roads in this State could
article by Mr. Edward Sherwood Meade giving re- do the same; that roads in any other States could
sults of an investigation by himself. By falsely do it was an easy next step in assumption. No
marking and billing the many articles in "class" consideration was given to differences in first cost,
freight (as to which many conditions govern the rate) in operating expense, in character and density of
the shipper may and does get them into a lower-class traffic; just as the engineers and other workers urge
rating. A list of articles most often so treated was now that whatever the roads in one section manage
given, the commonest trick being to lump many to pay and struggle along with can be paid everythings composed more or less of metal under the gen- where,so the travelindpublic demanded leveling down
eral designation of "hardware," thus getting third- to the minimum rate observed anywhere and with
class instead of first-class rates; the cheating also that considered the case closed.
extended to weighing, and a list of 29 miscellaneous
State legislatures compliantly enacted two-cent
shipments was mentioned, whose actual weights laws, and it became impossible to keep up a differtotaled 116,581 lbs., against reported totals of ence between intra-State and inter-State in this
85,558 lbs. It was said that shippers were urged to respect. So apparently satisfying a plea as that
play tricks under threat of giving the trade to some- increase in traffic would gradually make good any
body more compliant, "and when the shipper finds temporary loss and convert it into a still better profit
he is losing business he begins to ship his goods under could not be overlooked and was worked to the full;
wrong descriptions in order to recover his trade."
but it did not operate thus in practice. The growth
According to Mr. Meade, in 1908-11 there were of traffic went on, inasmuch as a reduction in rate
only 20 prosecutions for such violations of law, yield- could not have an influence to retard it; but, even
ing only $7,425 in fines, while in the same term the allowing that the ratio of increase in travel (like the
roads were fined $600,000, in 84 cases, for their ratio of increase in population) cannot be expected
offenses. The later figures indicate that either the to keep on rising through successive terms, the ininspection bureaus of the roads have gained in sharp- crease in travel was not enough to offset the decrease
ness and vigilance or the offending shippers have in rate. The Illinois lines have shown that in the
grown careless, or, perhaps, that the Commission four years last preceding July 1 1907 (the date when
has bestirred itself, as the Government representa- the two-cent law took effect), the number of passentive, to administer justice more even-handedly. gers carried one mile increased 22.31%, but in the
Whether the standard of morals has risen more than four years ending with June of 1913 the increase
the appreciation of the inadvisability of getting pun- was only 17.43%.
ished and the improbability of escaping undetected,
It is self-evident that increasing the volume of an
it is not necessary to determine; at least the roads unprofitable business increases the loss. Partly by
appear to be obeying the law better than the shippers the direct force of statute and partly otherwise, the
are, and as for the latter they are beginning to take average freight rates in the country have moved
their share. Corporations are sinned against as well downward, this being made possible by the very
as sinning. Even among the body of persons who increase in efficiency which the employees desire to
adhere to honesty not merely because it is the best absorb for their own benefit; but it is not possible
policy, and would not knowingly do any wrong, to parallel this cost-reduction in the different work
we may suspect there is a lurking question whether of carrying passengers. Freight can be so packed
it is quite as bad to cheat a corporation (especially as to increase the car-load, but when the freight is
one engaged in the work of common carrying) as to the American voter and his family there are physical
cheat an individual. Here is our Government, dis- and other difficulties in carrying in the way least
coursing beautifully upon morals and conscience and costly to the carrier; therefore, as freight and passensetting itself up as judge and punisher of the sins ger gross earnings increase the increase in their
which are so sweepingly imputed to business in pro- respective costs of service keeps closer following
in
portion to the size of the business, and yet this same the latter than in the former. It was
shown, for
Government is itself persistently robbing the rail- example, by Mr. Brandeis (who is
certainly not
roads in the matter of mails-carrying, and the general readily convinced of anything
favorable to the roads
public, while sharing the proceeds of the robbery upon any point whatever),and
shown, too, to the
through the parcels post, expresses no qualms over convincing of the Inter
-State Commerce Commisthe wrong.
sion, that in the fiscal years 1911-13 the ratio of
expenses to earnings on the Baltimore & Ohio deTHE CAMPAIGN FOR ADVANCED PASSENGER clined from
68.16% to 66.44%, but that in passenger
RATES.
traffic the same ratio of expenses to earnings rose
About eight or ten years ago a movement started from 82.39% to
106.23%. Experiences resembling
for reduction of passenger fares from three cents and this convinced that quite immovable body of judges
a fraction to about two cents a mile, and spread that a two-cent rate is entirely unremunerative on
swiftlyfrom State to State, by the force of imitation the Eastern roads where traffic is dense; therefore, it
and example; for instance, an association of com- must be more so in the Middle West and yet more in
mercial travelers once made such a demand in trans-Mississippi States. Thera is no more
baseless
Georgia, offering no other reason than that this was assumption, however convenient for the
desires



[voL. loo.

RAILWAY AND INDUSTRIAL SECTION

6

of some who urge it,than that what one railway or ning they would have been told, not unnaturally,
other large corporation can do, any other can do; that they were premature in outcry and should
there is only one step in assumption still worse; that properly wait until they were sure they were hurt.
whatever a big corporation "must" do, because the Now they have felt the pressure so long that it is
people and the law demand, that it will manage unquestionable and measurable. Now they have
somehow to do. As between passenger and freight the proofs to submit, and of course it is not to be
traffic, it might not be too much to say, as a general complained of that the burden of proof is laid upon
statement, that the latter has been carrying the them.
The newpapers of Illinois are saying that this
former, albeit the step is plainly seen to have become
campaign of publicity will prove interesting and "the
a staggering one.
Now the roads are beginning to appeal directly to advertisements that will appear in the daily press
the public to come and reason this subject out. In of the State giving the railroads' side of the case
Illinois, about a month ago, fourteen railway presi- will, no doubt, be read carefully by the wople; the
dents presented to Governor Dunn and the members new form of open play by the railroads is an en-,
of the State Utilities Commission an argument why couraging sign of the times and shows that the railthe passenger rate limit in that State should be roads want to reclaim the lost confidence of the public,
raised from 2 to 23/ cents, the hearing being the which has been gradually drifting away from them."
Well, it is unhappily true that there has been a
beginning of a campaign for legislation to this end in
the Middle Western States. President Markham loss of confidence and a drifting apart, shown by
of the Illinois Central told the Governor that the the long course of attack, pursued without disconference was suggested by the Inter-State Com- crimination or limit by the established facts, upon
merce Commission itself, which had advised the railroads and nearly all other forms of associated
roads to seek such an increase as an apparently just capital. The subject has been sensationally treated
and needed measure of relief. Except for the as if the roads were owned by some mysteriouslyfreights, he said, passenger traffic in Illinois could concealed third parties, hostile to the people, whereas
not stand, so unremunerative is it; so another half- the people are the owners and have been misled into
cent is asked, commutation travel being excepted attacking themselves. Doubtless there have been
some sins in railroad building, in the past; but the
in the application.
Governor Dunne has replied in writing that he communities which so longed for roads as to promise
favors a fair and full hearing on the matter, and does anything for the sake of getting them and have
not doubt the Legislature will accord this; he does turned upon them after getting them are not without
not believe there is any disposition among the some sin themselves.
Now it is time to bury recriminations and take
people of Illinois to insist on rates which are unfair,
the subject open-mindedly. Indeed, there is no
But,
.
up
confiscatory
are
which
much less on any
he adds, the present two-cent rate has been in force other way; legislatures and Congress will not become
for eight years, nearly, without any vigorous pro- convinced until the people are. The latter really
test, "and if the rate is to be increased you must be seem to be learning. In Missouri, where the popular
prepared to satisfy the representatives of the people repudiation of the full-crew law lately attracted
that the present two-cent rate is clearly unfair and attention, petitions for raising the passenger rate to
unremunerative." He will keep himself fully ad- 23/ cents have been presented, and farther on in the
vised as the case progresses, he said, and if it comes West an Irrigation Congress of farmers has actually
adopted a resolution favoring "modification of such
before him officially he promises to treat it fairly.
legislation as has been applied to railroad
restrictive
us
to
or
seems
it
demurrer,
rebuttal,
As a point in
and found to be so burdensome as to
for
enterprises
the
roads
by
protest
any
vigorous
the lack of
nearly eight years has no force whatever. They destroy profits from railway operation and dishave kept silent while the two-cent rate was re- courage investment of capital in betterment and
ceiving its trial. Had they protested at the begin- extension of transportation facilities.."
RAILROAD AND INDUSTRIAL DIVIDENDS FOR TEN YEARS.

of the more important railroad and
The following is a record of the dividends paid in the last ten years on the stocks
basis of a year's total. Those declared
industrial corporations throughout the country. Dividends actually paid form the
corporations is given in a group
in one year and paid in another year appear in the latter year. The record of the industrial
byitself, at the end of the tabulations.
DIVIDENDS ON RAILROAD STOCKS.
Name of company.

Dividend
periods.

1905.

1908.

1907.

.
.

1903.

--_

1909.

J & D28
Ala Great Southern ordinary
F & A24
-aPreferred
7 & 508
7
Ann-Sep
Alabama do Vicksburg
7
34
cl—M
8
Mob Topeka & Santa Fe oom
4M
F &A
Preferred
og-MIO
Atlantic, Coast Line Company
10
1
o
34
J eon() 5 &no
Atlantic Coast Line RR corn
6
34o
M&N10
Preferred
5
S
M&
44
Baltimore & Ohio common
534
M& S
4
4
Preferred
J&J21
4 26
34
Bangor & Aroostook
6&
&
6
26
&
3
Q—j
6 & 84
7 54
Belt RR & Stock Yds /nd cow_
7
O---.7
64
7
Boston & Maine common
6
S
&
Id
6
6
Preferred
Q___.1
2
4
6
5
Boston Revere Beach &Lynn
a
F&AI5
8
4 54
5M
BulTalo Rochester & Pitts oom
F&A15
6
6
6
6
Preferred
4
234
F&A
234
334
234
Danada Southern guaranteed
6 & lw
6
O—J
6 & lto
6 & lto
6
Danadian Pacific
4
A &0
4
8
44
Preferred
6 & Zr
a
0—F
8
8
a
3entral RR of New Jersey
3
1
1
1
1
O-M31
Jhesapeake & Ohio
a
F&AI5 I New oo: oonaol of
1
.
common—
RR
Alton
Mikado &
4
-iMar 8 190 6 2 1
J&J15
4
Preferred
8
4
2
Jecj15
6
stook—
partio
&
lien
prior
4%
88
7
734 & 6g
O—M23
7
Thloago Burlington & Quincy
6
6
8
6
Q—.1
lhicago & Eastern Ills pref
3;(
3
3
3
3
J&D30
corn—
Louisville
4
Thloago Ind &
4
4
4
i
J&030
7
Preferred
7
7
7
7
M& S
.1hIcago Milwaukee & St Paul
7
7
7
7
7
M&9
7
7
7
7
7
r1-1
. -. --_---— Preferred




-r

5

a

1910.

19 1.

4 34
8
7 & 00.
1

1

a

5
6
7
6
5
13
7

5

5
a

1912.

38008
5
6
7345
5
6
3
4
634 & lto 7&234w
4
fl&Le
8 & 4z
5
4M
nfi
a
3
4
4
6
100
a
•
6
334
34
4
•
7
7
7
7
8343
7

6
4
4
10
4
6
8
534
6
3
7&3w
4
8&4x
5
nil
nil
a
a
8
34
4
5
7
1

1913.
5
6
7
6
5
12
7
5
6
4
3
13
2
3
6
6
6
3
7&3w
4
83t4z
4M
nil
nil
nil
8
3
34
4
5
7
7

1914.
5

a

7
8
5
12
7
5
6
4
34
14
nil
nil
6
5

a

3
7&3w
4
Max
3
nil
nil
nil
8
ntl
nil
4
5
7
7

FEB., 1915d

RAILWAY AND INDUSTRIAL SECTION.

Dividend
1913.
1907.
1912.
1908.
1906.
1911.
1909.
1914.
1905.
1910.
Name of Company.
Periods.
8
8
8
8
8
8
8
8
s
8
Chicago 8,; North Western pref__
Q-J
5
nil
434
5%
534
634
53.4
534
Onloago Rock Iii & Pacific Ry____ Q-M 31 634 & 1.63
7
7
7
7
7
7
7
7
7
Chicago St Paul Minn & Omaha__ F&A20
7
7
7
7
7
7
7
7
F&A20
7
Preferred
6&5d
5
6&5d
S
5%
6&5d
5
5 346s2 ;id
5
5
J & Dla
Cin New On & Tex Pac corn
5
5
5
5
5
5
5
5
C:1-3!
Preferred
nil
3
3 (N,. 1
Ann-Itch
13.
13-4
-Cincinnati Northern
--nil
nil
4
4
nil
M& S
nil
4
Cleve Cino Chin & St Louis
nil
5
5
5
5
5
334
5
Q-J20
5
Preferred
nil
nil
2
2
1
2
Ann-Dec
_
Colorado & Southern common
3
4
nil
;al
4
4
4
4
4
A 63 0
First preferred
4
nil
4
44
4
4
4
A &0
Second preferred
3
4
nil
6
5 346; 20
nil
4
3
nil
Q-M
()ripple Creek Central common_
4
4
0-It
4
4
4
4
4
4
4
4
Preferred
4
_
M &N
6
Cuba RR common
----5--34
-134
6
"I-3.6
-134
6
_
F& A
__Preferred
9
9
Q-M20
9
9
9
9
9
9
7
7
Delaware de Hudson Co
10&10d
10 & 104 20y8c35(1)
10&10d 10&10d
701
Delaware Lackawanna & Western Q-J20 934 & 106 10 & 106 10 & 106 10 & 106
nil
nil
5
nil
6
J6sJ15
5
5
5
5
23-4
Denver & Rio Grande pref
nil
nil
nil
5
nil
5
Ann-Aug
5
6
nil
Des Moines & Ft Dodge prof
5
5
5
5
J & J
-_Detroit & Mackinac corn
5
5
J & .7
5
5
5
5
Preferred
nil
nil
nil
nil
nil
2
nil
Semi-ann
4
4
nil
Erie first preferred
nil
2
nil
nil
A &0
nil
2
nil
nil
nil
Second preferred
2
2
_2(No. 1)1
nil
2
Annual
___
Fonda Johnst h Cloy common
8
6
Q-3,113
i-34
6
6
6
Preferred
4
4
a
4&2d
4
4
8&2d
4
WU
Ft Worth & Den Cy "stpd stk"_
5
5
5
5
5
5
5
5
5
Georgia Sou & Florida first pref._ if --- N
5
5
5
5
5
5
5
4
43,4
M& N
5
Second preferred
nil
nil
1 34
1
3
nil
3
nil
3
Grand Rapids 63 Indiana
A &0
a
4
a
4
4
Semi-ann
4
4
4
4
4
Grand Trunk guaranteed
5
5
5
5
5
5
23.4
23'4
7
First preferenceA
Se mi-ann
73,4
5
5
734
234
5
5
Semi-eon
5
23-4
73.4
23,4
Second preference
nil
ntl
3
34
3
nil
Annual
234
13,4
Third preference
234
7
7
7 & 1 344
7
7
7
7
7
7
Q-F
7
Great Northern
500.
$1
50 cts.
$1.50
Si
50 cts.
_50 cts.
Iron Ore Properties (etre)
51
5
5
5
5
5
5
5
Ann-Fob
5
5
Green Bay & Western
4
4
4
5
nil
3
2
Q-J10
4
2
Gulf Os Ship Island
75
7345 7348c434d
4
3
4
3
4
0-3130
7
Hooking Valley common
334
nil
nil
7
nil
nil
nil
Huntington & Broad Top Pref_ J & J
nil
334
734
534
7
7
7
7
7
M& S
6 63 Id 614 & Sid
Illinois Central
7
6
5
• 9
9
8 34
/nterboro Ran Tr (N Y City)
9
9
931&1d
0-3
10&5a
834
10&5d
10&2d
Internal & Great Northern pref
___
--nil
1
4
--Kanawha & Michigan
0-5131
63-4
--5
5&ld
5
4
Q-J15
4
Kansas City Southern prof
4
4
4
4
4
nil
flU
1
Id
Keokuk ec Des Moines pf (leased). Ann-Apr
23.4
234
134
33,4
33.4
234
Lackawanna R It of N J guar
Q-J
__4
3
4
3 & J
3
3
Lake Erie & Western pref
3
nil
73ii
Vii
1
nil
nil
nil
J60.129
a
12 & 66
8
12
Lake Shore & Mich Southern
12 & 2
12&86
12
12 Aid
12&6d
12&6d
0-F28
8
8
Lehigh Coal & Navigation
8
8 & Id
8 & 15s
8
8
8
8
8
4 & 26
4
Lehigh Valley common
4
Q-312
10
4 & 26
6
4 & 20
12340
10&10d
10
10
Preferred
10
10
10
10
10
Q-312
10
10&10d
10
1234b
Louisiana & Arkansas
1
lu&S15
3
3
3
nil
334
nil
nil
--234
6
F&Alo
6
6
Louisville & Nashville
7
7
534
7
534 &
7
7
12
10
Mahoning Coal RR common
12
10
F & A
12
18 de 506 20&50d
20&50d 20&40d
20
7
Maine Central
7
8
8
6
6
8
0
6
-J
73.4
73.4
nil
nil
Mexican Northern
nil
M&N
2 & I lu
4
nil
4
4
nil
134
6
a
Michigan Central
4
J6c8.29
6
6
6
6
6 & 20
6
6
Minn & St Louis preferred
5
6
5
nil
nil
nil
5
nil
2 34
5
J 63 J
Minn St P & S Ste Marie com
4
A&015
7
4
7
4
6
7
6
7
7
Preferred
7.
7
7
7
A-015
7
7
7
7
7
Missouri Kan & Texas pref
4
4
4
4
44
4
M & NIO
4
nil
Missouri Pacific
5
5
J & J
nil
nil
5
nil
nil
nil
nil
23.4 stk.
Mobile & Ohio
5
4
4
4
4
6
4
Ann J'ne
53.4
23.4
4
Neely Chatt & St Louis
7
6
5
F &A
6
5
5
6
7
634
53-4
National Rys of Hex lit pref
1
2
4
2
nil
4
F & A10
4
New Orleans & Northeastern
5
6
-5-34
4
Ann Sept
5
5
1
5
634
63.4
N Y Central & Hudson River
5
5
5%
Q-J15
5
6
5
5
53.4
53,4
N Y Chicago de St Louis corn
nil
3
5
Ann-Mch
4
3
-First preferred
M & S
5
6
5
5
5
5
5
234
7 145
7145
Second preferred
5
4
St & S
5
234
3
5
3
5
5
New York h Harlem (incl 4th Av)
10 & 4
10 & 4
10&4
10 & 4
10 & 134 10&3 34
10 & 4
(I)
10
10&4
10&11(2)
N Y New Haven & Hartford
Q-M31
8
8
8
5
8
nil
8
8
8
8
N Y Ontario & Western
Ann Aug
2
2
414
nil
2
2
3
z
nil
Norfolk Southern
Q-J
2
2
2
35
--Norfolk & Western common
0-1119
-5-34
6
4
6
6
43.4
4 34
6
534
Preferred
Q-F19
4
4
55
4
4
4
4
4
4
Northern Central
$
J hJ15
an
a
8
8
a
8
8
(4)
Northern Pacific
7
Q-F
7
7
7m
7
7
7
7
7
7
Pennsylvania Railroad
Q-F28
7
6
6
634
o
6
6
6
6
6
Pitts Cin Chic & St L common.... Q-J25
I
4
3
4
4
6 315
5
5
2
5•
Preferred4
S
434
6 365
5
5
5
5
23,4
Pittsb Youngstown & Ashtabula_ 0-It
7
7
p6
7
7
7
7
83,45
7
Preferred
7
0-It
7
7
7
8 365
7
7
7
7
33,4
Reading Company common
Q-F13
4
4
4
a
6
6
8
8
534
First preferred
0-M11
a
4
a
4
a
4
4
4
Second preferred
Q-J 9
4
4
a
4
4
4
4
4
4
Rich Fred & Pot corn & dly obilg_ J & J 8 34& 34d
9r
9
9
9
9
9
9
Rook Island Co preferred
0---fe
1
nil
nil
nil
nil
nil
nil
nil
nil
nil
Rutland preferred
nil
13,4
Ann-Jan
13,4
13,4
nil
nil
nil
nil
nil
nil
St Louis Rocky Mt & Pac Co coin
1
3i(bro.1)
Preferred
Q-M31
--5
5
2 34
Q-F
St Louis 6s San Fran let pref
4
4
a
4
4
4
2
nil
Second preferred
Q-M
nil
4
nil
nil
nil
nil
nil
nil
nil
nil
St Louis Southwestern preferred
Q-J15
_
2(No.1)
5
4
534b
434
134
Seaboard Air Line Ity pref
___
Q-F16
-_ _
__ _
1
-3
---614
Ii
Southern Pacific common
23.4
_6
Q-J
6
a
6
a
6
5
Southern Railway preferred
A & 024
z
nil
nil
2
nil
43.4
5
234&2c
5
5
5
Annual
Texas Central common
nil
nil
nil
nil
5
5
5.8334
5
5
J & J15
5
Preferred
5
5
5
5
5
5
8.3334
Toledo St Louis & Western pref
4
Q-J15
4
4
4
nil
nil
nil
10
a
Union Pacific common
10
-154
0-3
10
10
10
10
10
(3)
4
4
4
Preferred
A &0
4
4
4
4
4
4
5
4
2
Vandalla
5
Ann-Dec
5
630
44
4
nil
nil
nil
Vicksburg Shreve & Pacific corn.. Ann-Nov
nil
2
nil
nil
nil
nil
2
nil
6
5
Preferred
nil
5
Ann-Sep
5
5
5
5
5
5
Western Maryland pref
Q-J20
_
3
4
- -4
nil
nil
West Jersey ee Seashore
6
-8-3.4
A &0
434
5
5
5
5
5
Wisconsin Central preferred
A &0
3
4
4
4
4
4
a Special dividend. b Increase due to change in dividend period. c On Jan. 10 1905 paid 20% in common
scrip and 5% in Atlantic Coast
Line Company 4% certificates of indebtedness. d The additiona dividend was an extra payment. e$% of thisstock
paid
in
Atlantic Coast Line RR. 4%
certificates of Indebtedness. p Leased from Oct. 1901 to Chic. Burl. & Quincy fly, at 7% per annum, but lease abrogated
in July 1907 and an extra
dividend of 6% paid in Oct. 1907. i Includes 10% regular (234% fluar•), regular extra payment of 10% and a special dividend
of 50%; also paid
Aug. 2 1909 15% in stock. I The extra payment was in shares or the Louisville Property Co. I Dividends paid J. & J. and A. & 0.
m Also paid in
Dec. 1908 an extra dividend of $11.26 from surplus of Northw. Impt. Co. n Also paid in Jan. 1907 123-4% in
stock.
p
First
dividends
on stocks
of new company. r Also in Jan. 1907 paid 25% in dividend obligations. u On Dec. 22 1909 paid 11%. being
period from July 1 1903 to Jan. 1
1909. v Additional dividend was paid in stock. w Additional dividends are from interest on land sales. x Extra for
payments from dividend received from
Lehigh & Wilkes-Barre Coal stock owned. y 10% of this is an extra payment. z Additional dividend payable in
Lackawanna RR. of N. J. (2) Seven per cent a this is accumulation of rentals which were withheld for a time on scrip. (1) Payable In stock of the
(3) Paid in 1914 regular cash divs.of 734% (Q.-J.); also declared in Jan, payable Apr.1,an extra dividend of 3% in account of franchise tax litigation.
cash and $2250 par value com. and
$12 par val. pref.stock of the Balt.& Ohio RR.for each share of Union Pac. corn.stock held. payment of said extra divs„ both cash
and stock, being postponed from APr. 1 to July 20 on account of litigation. Said cash dividend was augmented by the interest accrued, being at rate of
234% from Apr. 1 to
July 1 and 2% from July 1 to July 20. (4) Paid in 1914, in addition to the regular 8% (4% 5.-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 1914. during which time the lease was held up.

nil4

nil

`‘..

DIVIDENDS ON INDUSTRIAL STOCKS.
Name of Company.
Adams Express
Amalgamated Copper
American Agrleul Chem, common
Preferred
American Bank Note common
Preferred
American Beet Sugar common__ _
Preferred
Amer Brake Shoe & Fdy nom_ _ _ _
Preferred
American Can preferred
American Car & Foundry com_




Dividend
Periods.

1905,

1906.

1907.

1908.

1909.

1910.

1911.

4&66
46066
C4&64
0-It
4&46
4&86
12
13
Q-F23
6hld
65cld
434
2
2
2
2
___
Q-J 15
-----.----6
66Q-J 15
6
6
6
6
2
t,)-F15 1/no.Feb. 5
4
4
4
4
4
6
8
3
6
0-.1 120 1906 1
6
6
_ _
Q-F 15
______
I 36(No.1)
---i
8
6
6
6
8
Q---J
8
5
4
4
4
Q-M 31
5
534 & %a
7
7
7
7
7
7
7
0-11 31
7
5
5
5
5
5
5
5
Q-J
3
3
nil
0,-3
nil
z
2
2
7
7
7
A
7
7
5 7•.
0-.r
7

--1912.
12
4
4
6
4 hid
6
5
6
7
7
5
2
7

1913.
12
6
4
6
6
6
nil
6
7
8
73z2434x
2
7

1914.
6
5
4
6
:334
6
nil
6
7
8
7
2
,

8

RAILWAY AND INDUSTRIAL SECTION.
Name of Company.

Dividend
Periods.

1905.

1906.

1907.

1908.

1909.

1910.

[VOL. 100.

1911.

1912.

1913

1914.

12
Monthly
12&44
12&6d
12 & 6d
American Chicle common
12,3066
la & 66
12&66
12&60
12&6d
12&8d
6
6
6
0-3
6
6
6
Preferred
6
6
6
6
Q—J
534
6
534
635
535
6 34 & 34d
Amer Coal Products, common
535
7
534
7
Q—J15 Issued In 1912
Preferred
7
7
531
J &D
1
American Cotton 011 common
5
2
254
nil
na
7
5
nil
nil
J &D
6
Preferred
a
6
6
6
a
6
6
6
6
Q—J29
a
4
4
a
Amer Dist Teleg of N J
a
4
4
a
4
4
M&N15
2
2
2
2
2
2
Amer Dist Teleg of N Y
2
2
2
2
6&2d
0—S
American Express
6&56
12
12
12
12
12
12
12&25(12)
6
Q—J 1/ncor De o. 24 1906 f
6
Amer. Gas & Electric. coin
234
734
634
8&20
Q—F J
Preferred
6
-i6
6
6
1
i-35
8
6
6 gag 346 954 & 100 10&1017
Amer Light & Trac common
Q—F
334
10 & 100
454
10&100 10&100
534
634
Preferred
Q—F
6
6
6
6
6
6
6358
6
6
6
American Locomotive common
0—F
-._
nil
5
nil
nil
25.4
nil
nil
nil
334
Preferred
0-521
7
7
7
7
7
7
7
7
7
7
American Malt Corp preferred_
___
M&N
3
_
434
334
5
3
_
435
234
Amer. Power & Light common
Q—M
___
___
___
--___
--4
4
___
Preferred
0-3 Incorpora ted Sept 22 lib's)...
0
6
6
6
6
Q-M31
American Radiator common
8&26
4
10 & 100 (7)10&10g (7)1118,410g
8 & 261
4
4&2d
4-gad
6-8;id
Preferred
Q-F15
7
7
7
7
7
7
7
7
7
7
American Shipbuilding common
2&2d
2
tia
0-31
4 &2d
4&26
nil
2
53&26
nil
33
Preferred
0415
7
7
7
7
7
7
7
7
134
7
Amer Smelters Sec pref A
8
4
a
a
6
6
Q-3
138
a
6
6
Amer Smelting & Refining corn_ Q—M 15
4
4 2.-4b
4
7
554
4
a
4
a
734
Preferred
7
8 1-6b
QM
7
7
7
7
7
7
7
7
American Steel Foundries
0-11 31
234
3 31
2
2
--..
..Amer Sugar Ref'g co
corn & pref__. Q—J
7
ffi
7
7
7
77
7
7
7American Telephone & Telegraph Q-J15
8
8
8
8
6&1 hd 535&1 34c1
8
8
a
8
American Thread preferred
3 & 3
5
5
5
5
5
5
5
5
5
5
American Type Founders corn.._ - 0415
48t2f
4
4
4
4
4
a
4
4&2j
4
Preferred
7
0415
7
7
7
7
7
7
7
7
7
American Woolen preferred
7
Q-J15
7
7
7
7
7
7
7
7
7
American Writing Paper pref
nil
1
2
A &0
2
___
2
1
(k)
k2
Anaconda Copper Mining
10
12
8
9
a
0-315
8
a
19-34
8
26
Associated Merchants common
334&%d
7&2d
Q-F28
7&26
7 & 2d
7&26
7&1 WI
7&2(1
7&2d
7&26
7
235&356
First preferred
5&ld
0415
Mid
5 & 16
Mid
5&54d
5&16
5&31cl
5,th!
15&31c1
3&35d
Second preferred
&kid
Q-J15
e& ld
6&16
6& hd
6&1d
6&16
13,5034d
6&16
6eo4d
Baldwin Locomotive Works com_ J & J 1Incorpor ted June 1911
2
2
J
2
Preferred
7
J & J f
7
1
7
Barney & Smith Car corn
nil
Q—M
nil
nil
nil
nil
2
nil
nil
nil
4
Preferred
nil
nil
nil
n41
Q—M
8
8
8&36g
8
4
nil
Bethlehem Steel Corp pref
5
6
334
nil
31
334
nil
nil
nil
0-3
nil
Borden's Condensed Milk common F diA15
8
8
8
8&2d
8
8&2d
8
8&2d
a
8
Preferred
0-1115
6
6
6
6
6
a
6
6
6
a
Brooklyn Rapid Transit
6
--J3
5
535
5
434
Q
Brooklyn Union Gas
6&2d
6&26
6
6 &2d
8
-il%
-50-3
6
-nii
-ils
Bush Terminal common
4
______
5-415
4
4
4
2(No. 1)
Preferred
6
J & 315 /no.Feb.• 2 "66
seenote(3)
5
Wii
5
-iris
6
Butterick Company
3
3
3
4
3
a
Q—M
3
3
134
231
Calumet & Recta Mining
40
128
0-11 20 160&406 280
96
260
1.68
116
80
108
(21)434&114i
Cambria Steel
Q-F15
5
3
3
5
5
3
3
$
6345
Celluloid Company
6&2d
Q—M 31
6&26
68*26
6&26
6 &2d
Oda(1
68*26
63026
68*26
68*26
Central Coal & Coke common
435
6
6
6
a
66
6
6
6
Q—J 16
Preferred
5
0-4 15
5
5
5
5
5
5
5
5
5
Central Leathercommon2(No.1)
-------------Prefeed
rr
7
7
7
Q—J
7
7
-7
7
7
7
- ii
Cent & So Am Telegraph
6
6
6
Q—J 9
6
6&251
6
a
6
6
8
Chicago Juno Rye & Un Stk Yds_
8
8
8
8
a
Q—J
8
8
a
a
6
Preferred
a
6
a
6
6
Q—J
4
4
4
Chicago Pneumatic Tool
$
a
4
Q426
nil
nil
8
Chicago Telephone
8
8
a
8
8
1
1
10
Q-51 31
934 & 201
635
6
Claflin (H B) common
a
3
Q415
a
6
a
8
5
235
5
First preferred—F
5
a
5
5
5
6
6
6
3
6
Second _preferred
6
6
2—F
6
nil
nil
nil
nil
235
Colorado Fuel & Iron preferred
6356t35s
nil
nil
4
nil
3& 3
7
6
8
7548*101
a
Q—F Incorpor Sept. 1907 (No. 1)1 31
634
Commonwealth-Edison
53(
5
4
434
Formed Feb. 14 1905
631
Consol Gas Eleo Lt & P. Bait, corn Q—J
5.34
6
6
6
5
6
4
4
454
4
Consolidated Gas of New York
834
'0 t-M 15
6
6
88*601
6
a
-431
68*26
28*2d
68*26
10 34
6
Consolidation Coal
5
48*16
46516
5 1143
5
0415 Con in 19 06 2
48*1d
7r73
Corn Products Refining pref
48*16
6
3
6
6
Crex Carpet
2
J & D 15
4 & 1 il
534
7
335
7
535 735&10n
Q-M31
7
1
Crucible Steel preferred
nil
6
53.4
7
7
7
Q—J Incorp Sep t 19 1908
834
7
7
Cuban-American Sugar pref
134
334
10
10
108*20d 10&10d
10
Del Lackawanna de Western Coal. Q—J 15 Incorpora ted July 3 1909
7
7
Detroit Edison
5
Q-J15 Incorpora Led Jan. 1903
2
7
7
Diamond Match
0-1115
6& Id
10
6
10
6
a
10
6&ld
10
13& 1d
Distillers' Securities Corporation_ Q431
2
434
2
nil
a
2
2
2
nil
534
Eastman Kodak common
108*9356 108*106
108*206 108*2735d 10&32 35/1 10&306
10
108*156
108*30d 108*20d
0—J
Preferred
6
8
6
6
6
6
6
6
6
6
0—.1
Edison Electric III. Boston
(:)—F
10
10
108*16 108*16
12
108*16
118* 346
12
12
12
Eleotrio Bond & Share, corn
Q—J15
8
8
a
4
8
8(8)
Preferred
Q—F
2 35
5
5
6
5
5
5
6
•
6
5
Electric Storage Battery corn & pf Q—J
5
5
3
5
4
4
351
a
4
4
Federal Mining & Smelting com _
siii
66:110
68*46
nil
nil
nil
nil
68*8356
nil
134
Preferred
0-1115
7
7
7
7
7
5
6
6
7
7
Federal Sugar Refining, common_ Q—J30-nil
5
5
-_-_----Preferred
iii;
iii)
6
0—J 31
6
6
6
3
6
6
6
General Asphalt preferred
Q—M Inc May19 03 4
5
5
2
5
5603 341
5
15&1z
2
General Chemical common
68*5d(22)
&Sap
Q—M
nil
a
645g
5&10g
a
6
a
4
Preferred
6
6
6
6
6
6
6
6
Q—J
6
6
8
General Electric common
g
Q415
8
8
8.5:301
a
8
8
8
a
General Motors preferred
7
Incorpor ated Sept. 16 1908_
M &N
7
7
7 7-125
7
7
nil
Goodrich (B F) Co common
1
a
Q-F15 1 Incorpor ated May 2 1912_
7
7
Preferred
435
Q—J I
133e2d
11
Guggenheim Exploration
10
10
0---.T
7
10
7
10
10
10
5&25g
5
Ingersoll-Rand, common
Ann. Apr 1 boor Ju ne 1 19051
(No. 1) 5 5 & 25g
6
6
6
Preferred
6
J & j f
6
6
8
6
1
6•
nil
335
7
fnternat Agrlcul Corp, pref
7
J & J 15 Incorpora ted In July l909_....
(No. 1) 7
5
5
5
Internet Harvester of NJ cora_ Q416
434
1-30
38*33
43
4s
1.
___
--7
7
7
7
Preferred
7
7
0-31i 7
13-3(
34
6
f334
Internet Harvester Corp com
--Q—J 15 Incorpor ated Jan. 27 1913.
-------7
Preferred
0-13
110
16
0%
17
6%(8)
1066356
4&6
256
2& 34a
International Nickel conamon
9—M Ino Mch 1 0021
--6
Preferred
0—F
6
6
la
a
2
2
2
2
2
International Paper preferred
2
Q—J 15
a
4
6
6
nil
nil
nil
nil
nil
Enternattonal Salt—Id
nil
1
a
nil
nil
7&3x
7&1z
78c2x
Mhz
6 3540134d
fnternational Silver pref
4M
4
a
Aaold
a
454
?)--.1
nil
nil
nil
nil
nil
tnternat Steam Pump corn
nil
1
nil
0-3
nil
nil
6
6
nil
a
134
International Steam Pump pref._ 0—F
a
6
6
a
a
8
a
8
Kings County Eleo Lt & Power..
a
8
8
a
5
Q—M
3
8
7&10g
7
7
Laclede Gas common
7
654
6
0-1115
5
5
5
5
58*100
5
5
Preferred
5
5
J&D15
5
5
5
5
5
13
13
Lehigh & Wilkes-Barre Coal
13
13
13
(No.1)8 h
J &D
Loose-Wiles Biscuit first preferred Q—J 1 Incorpor ated May 4 1912
1
335
7
7
1
41-12
Second preferred
7
7
0—F i
5
5
Mackay Companies common
5
5
5
4
2
3
0-5
a
a
a
a
4
Preferred
4
4
a
4
a
0-4
4
4
1
Manhattan Shirt, preferred
7
7
Q—J
Incorpora ted191213
1
_
(No.
1) 1
435
Kay Department Stores, common Q.
5
5
-31 1 Incorpor ated June 4 1910
7
7
Preferred
1 (No.fil Si
7
7
0---,T
i
108*56
10 &56
Mergenthaler Linotype
108*54
10 & 54 108*56
0_1131 10 & 56 10 & 56 10 & 56 10 & 156
108*4344
10
10
10
Mexican Telegraph
Q415
10
10
10 & 251
10
10 & 501
10
10
----Montana Power common
Q—J 1 Incorpor ated Oct. 28 1912.
2
1
___
----Preferred
7
Q—J 1
IA
63(
a
7
0415
7
7
5(
4
National Biscuit common
a & Id
431 & 16, 5 & 16
7
7
7
0-F28
7
7
7
7
Preferred
7
7
7
68*156
a
a
43(
Q415
3
6
6&500
a
4
National Carbon common
a
7
7
7
Q-F15
7
7
7
7
7
7
7
Preferred
nil
nil
nil
nil
nil
nil
1 34
Q-3
nil
nil
nu
gat Enamel & StPc corn
7
7
7
Q—M31
7
7
7
7
7
7
8 MD
Preferred
a
a
4
0415
nil
4
53(
4
preferred
1
4
2
&lid
Fireproofing
qational
4 35
a
3
Q—M 31
5
3
nil
2
3
434
5
klational Lead common
7
7
7
Q-M15
7
7
7
7
7
7
Preferred
Old prefe rred stock replaced! n Jan. 191 3 by new common stock.
6
435
gatIonal Sugar
7 355
63(
7
-1131
6
6
7
a
7
a
Teleg
&
Telep
Hog
slew
3
434
8
134
nil
6
a
Q—J 20
a
nil
gew York Air Brake
4
254
nil
nil
nil
4
A&015 2 & 145
3%4
4 & 346
gew York Dock preferred
a
6
a
8
8
Q—J
15
_-•
Power
glagara Falls
5
5
5
3--5
5
5
5
31
nil
Q-3
qorth American
3
3
a
4
4Si
4
2
2
Q--J 15
3
Ws Elevator common
6
6
6
6
6
6
6
6
6
Q-J15
Preferred
68*36
6
6
6
43(
5
6
534
4"i
0—F
.aelfic Coast common
5
5
5
5
5
5
a
5
5
0—F
First preferred
6&3d
6
5
4 31
5
6
6
4M
531
n—F




{

FEB., 19 I 5.]

RAILWAY AND INDUSTRIAL SECTION.

9

Dividend
1912.
1913.
1906.
1907.
1908.
1910.
1911.
1909.
1914.
1905.
Periods.
nil
24
Note (4)
3%
Pacific Gas & Electric. common- Q-J 15 1/noorp.
154(No.1)
Issued in Aug.1914
First preferred
Q-F 15
nil
6
6
6
6
6
1%46 20g
nil
Original pref.(now 2nd pref.) Q-F 15 Oct.'05 (No.1)151
6
a
a
8
431
6
6
a
Pacific Telep & Teleg, preferred
Q-J 15 Consolid Dec. 1905
7
nil
7
4
7
7
T
7
7
7
Pennsylvania Steel preferred
M&N
6
74
7
7
6
8
7
5
6%
People's Gas Light & Coke (Chic).. Q-F25
5
10&6514 10&4d
10 do 54
10 & 24
10 & 24
10 & 24
Phelps, Dodge & Co (Inc)
Q-M31 Incorpora ted Dec. 11 1908_
551&141
6&1a
6
6
a
a
7
631
66:1a
6
Philadelphia Company common_ Q-ir
5
5
5
5
5
5
5
5
5
5
Preferred 5% non-cumulative... M & S
6
----------6
Preferred 6% cumulative
M & N Issued in Feb.
.
4
5
5
nil
5
nil
nil
1913"
5
nil
$34
Pittsburgh Coal preferred
Q425
7
7
7
351
Pittsburgh Steel, preferred
Q-M
nil
nil
nil
nil
nil
nil
3
nil
nil
nil
0-M11
Pressed Steel Car common
7
7
7
7
7
7
7
7
7
7
Q-F 20
Preferred
12
12
16&4g
12
12
12
8&4g
12
12
Procter do Gamble common
Q-F15 12 & 256
8
8
a
8
a
a
8
8
8
8
Q-J15
Preferred
a
a
a
86,201
8
8
a
8
8 & 361
0-F15
Pullman Company
8
6 do 24 74 do 24 954 & ma 10 & 504
10
6 & 24
10
154 & 354 6 & 24
Quaker Oats common
Q415
6
6
6
6
6
6
6
6
6
6
Preferred
Q-F28
nil
nil
4
2
nil
nil
nil
$
4
4
Railway Steel Spring common_7
7
7
7
7
7
7
7
7
Preferred
7
Q-3120
nil
nil
nil
nil
nil
6
nil
1
a
6
Remington Typewriter common T
7
7
7
T
7
7
T
7
7
First preferred
-J
8
8
8
8
a
8
8
8
8
8
Second preferred
7&1x
7&lx
14 Mx
334 & lx
151
7&12
53.1&lx
7 le 754W 854 do 6w
15(
Republic Iron & Steel preferred... Q-J
12
12
12
10
12
10
10
10
8 & 20
8
Royal Baking Powder common
Q-M31
6
6
6
6
6
6
6
6
6
6
Q-M31
Preferred
a
1
9
1
1
7
10
a
1
nil
Rubber Goods Manufacturing corn Q-M 15
7
7
7
7
7
7
7
7
7
7
Q-M15
Preferred
7&3$ 1-3g
7
7
7
7
4
(11-F15 Moan June j__--Sears. Roebuck do Co common
"7"
7
7
7
7
7
7
7
1154
Q-J ; 16 1906
Preferred
12
13
s
30
15
11
8
12
16
1$
Q-M31
Singer Manufacturing Co
$4
nil
nil
5 & WI
451
5 8-331i
nil
nil
Q-51 5 & 33340
3
Sloss-Sheffield Steel do Iron com
7
7
7
7
7
7
7
7
7
7
Preferred
Q-J
5
351
5
5
6
Southern California Edison, comf 0-F 15
5
5
5
5
5
5
5
551
5
5
1 Q-J 15
Preferred
4 & 24
4 & 24
4
4&2d
4
South Porto Rico Sugar common_ Q-J
8
8
8
8
8
a
a
8
8
8
Q-J
Preferred
3
2
3
-----------Annual
Standard Milling common
4
334
2
551
3 53--HO 3 ie--;id
3
2
5
5
A do 0
Preferred
7
531
7
7
Studebaker Corporation preferred Q-M Incor. Feb. 14 1911
7
7
7
7
7
7
7
7
7
7
Swift & Company
Q-J
74
12 & 54 11 & 501
12
15
12
551
12
Q-M31
Texas Company
10
634
4
Underwood Typewriter common_ Q-J Moor.Mc 11.819102
4
4
7
{ 351
Preferred
7
7
7
Q-J 1
4
4
4
4
4
634
7
Q-J15
Union Bag do Paper preferred
nil
nil
4
$
3
3
2
2
J&J15
3
3
Union Ferry
34
3
3
8
i
2
8
a•
Q-F 1 Incor. Ma y 1909
United Dry Goods Cos common
4
8
7
7
7
Q-M f
Preferred
7
1
$51
354
8&10(1
751
7
8 & 104 8 & 104
7
Q415
8
8&10d
United Fruit
8
8&2
8
8
8
8&101
8
8
8
Q-J15
8
United Gas Improvement
8
8
8
8
10 & lOg 12&10g
a
8 & 250
8
8
United Shoe Machinery common. Q45
8
8
6
6
6
6
6
6
Q-J5
Preferred
13
6
6
nil
nil
n1
nil
4
4
1
Q-M
U S Cast Iron Pipe & Fdy com
nil
nil
nil
231
0
51
2
3)4
7
7
a
Q415
Preferred
2
4
nil
n1
1
nil
nil
nil
nil
Q-J15
United States Rubber common
6
554
41400
8
8
Q-J15 6 & 1344
8
8
8
First preferred
8
8
8
6
6
6
6
6
1 51
Second preferred
6
6
Q.-.J15
6
4
4
4
534
US Smelt Ref & Milne aim
6
494
Q415 1Inc•Jan.1 9061
44
7
7
7
7
Q415 f
Preferred
7
7
7
1 Elli
2
3
5
5
451&51,1
51
131
United States Steel Corp corn
5
Q-M30
431
nil
7
7
Q-F28
Preferred
7
7
7
7
7
7
7
nil
1H
3
4
254
nil
nil
Virginia-Carolina Chemical cons_ F&A15
nil
nil
Preferred
8
8
8
8
8
a
8
Q-J15
8
8
Vulcan Detinning, preferred
nil
3318:21z
7
151
5
54
5&1134x
5 & 231 x
5
Q-J 20
Wells, Fargo do Co
8
10
10
by
1
10
10
10
8 & 14
6 & 24
J&J15
3
Western Union Telegraph
351
1 & 2541
6
5
5
Q415
3
3
3
4
4
2
nil
nil
nI
Westinghouse Elm & Mfg com
nil
10
10
10
Q430
Preferred
7
7
nil
7
7&551x
151do 34x 7&351x
10
10
10
Q-J15
TOBACCO STOCKS.
6
6
6
___
___
___
11American Cigar common
___
Q--F
5
American Machine & Foundry_
___
___
____ American Snuff common
1614
20 & 44 ZOicia(2) 12-319
13
10
10
-J
4-& 3d (13c1-2-&34 (23)9&2124
6
Preferred
6
6
6
6
6
6
a
6
6
2-J
American Tobacco common
10&10d 10&12 344 10&154 10&2244 10&25d
5&154 (5)7)4 200 208/15(10) (20)25
10&300
-M
Preferred
6
6
-J
6
6
6
6
6
6
6
6
FIelme (Geo W)common
108ad
moorpora ted Dec. 1911
10
5
Q-J
Preferred
7
551
7
Liggett & Myers Tobacco, corn
Q-M
Incorpora ted Nov. 4 1911_
12&44 12&44
3
Preferred
-J
7
7
Lorillard (P) common
Incorpora ted Nov. 4 19111
10&5d
Preferred
Q-.1
7
7
531
MacAndrews & Forbes common
Q415
10
10
7)4
Preferred
Q415
6
6
3
Porto Rico-American Tobacco
r5
205
205
8 & 205
Reynolds (R J) Tobacco Co
--.."
125
3 & 24 (15)11&31
Tobacco Products Corp pref
J
Incorpora ed in Sept.1912
7
551
United Cigar Mfrs common
Q-F 1 Inc.Apr.1 0:1
4
4 & la
4
4
6
451
0-51 i
Preferred
334
7
7
7
7
7
7
7
7
United Cigar Stores of Am com_ Q-F 15 1 Incorpor
July 25 1912._
5&131d
6
Q-M 15
Preferred
No7
1 c.V131
9
.
-J 1, mon Dec. 2 1911.
eyman-Bruton Co. common
W
12&20j
10
t."--,T j
Preferred
7
551
15t
715
Q4
Young (J S) Co common
10
10
754
0415
Preferred
7
7
334
Name of Company.

8--.7

8-J

ri

DIVIDENDS ON STANDARD
Name of Company.

Dividend
Periods. 1911.

1912.

1913.

1914.

-

- - ---- Dividend
Periods. 1911.

Name of Company.

icgamd

1913.
1912.
1914.
20
25&1001
20
Anglo-American 011..__- 3-3
Solar Refining
20
(16)
J&D20
10
5
Atlantic Refining
Southern Pipe Line
28
32
Q-m
30
20
20
20
Borne-Scrymser Co
Ann-Oct
South Penn 011Q-M31
6&4d
30
(17)
28
40
Buckeye Pipe Line
El W Penna. Pipe Lines_
40
-M15
16
20
J
20
Chesebrough Mfg Cons..
24 & 16d 24 & 16d 24& 16d
Standard 011 (California) -M15
-M20
10
10
24
12
6
Continental Oil
-M15
Standard Oil (Indiana)..
(14)
12&134
12&20d
-F28
13&
2900
12
Crescent Pipe Line
9
12
Standard Oil pansas)
-M15
-F28
3 & 2d (18)40&1001 6&7d
5
6
Cumberland Pipe Line... Ann-Dec
Standard 011 (Kentucky)
6
J
10
19&200a
32
Eureka Pipe Line
40
30
Q-F
Standard Oil (Nebraska) -1)20
20
(24)20 (19) 30&251
14 & 600
12
Galena Signal 011 com_
Standard Oil of N J
-M31 1........
16
I_
37
20
20(9)
20
8
Preferred
8
Standard Oil of N Y
-M31 1 2
8
-11115
6
6&4001
20
8
27
Indiana Pipe Line
32
Standard Oil (Ohio).
20
-F15
J
5
s9&9d
12&8d
12
National Transit
Swan & Finch Co
12
12
-M15
nil
5
New York Transit
34
Union
40
Tank
Line
-J 15
30
M&S25
5
Northern Pipe Line_
10
Vacuum 011
&J
10
5
Bern-ann
6
6
6
Ohio Oil
20& 9d
Washington Oil
20 & 37d
Q-M20
20
30
80
nil
Prairie Oil& Gas
6
Q-M30
25
Tile aOaltlonai payment was a(medal dividend. S Increase aue to c ange In dIvIdend period. C An extra dividend of 200%, payable iu collateral
atrust bonds, was declared in June 1907. d The added amounts were extra dividends. e Decrease due to change in dividend period.
g Payable in common stock. h Dividend of 1%. payable Dec. 2 1907. was deferred and paid in Jan. 1908. i Additional amount is in full of accumulated
dividends and is
payable in dividend warrants convertible into 5% debentures. 1 Payable in scrip. k Two dividends of 1% each were declared payable Apr.
1 and Oct. 1
1907, but were withheld and paid In June 1908. I Payable in stock. m 2% of this on account of accrued city. n Declared. payable June 30 1910 (In
addition to the regular guar. env. of 134%), a payment of 4% in cash and 10% in 3% scrip on account of deferred divs.
p Being accumulation of dividends on old co.'s Pref. stock. s Old stock, one class; divided in two class in 1907. common and preferred. to On account of accumulated dividends,
balance of accumulations paid In 1907. x On account of accumulated dividends. y Also paid Feb. 10 1910 an extra div. of $300 per share from socum.surP.
Paid 3% each June, Sept. and Dec. 1910 on new stock of $60,000,000. a stock div. of 100% having been declared from accum. stir
-p. in
June'10. increasing stk.from $30,000,000:10% was paid on old stk. Mch.'10. (2) Also in Dec.'11 rec'd 364-11% in corn.stk. of the Geo. W.Helml
July5
eC1o.1
91&
.
364-11% in COM •stk of the WeYrilan-bruton Co. (3) Paid 234% in Jan. 1911 on old pref., which has been retired. 1st div. on new pref.3%.paid
Distributed
in
1611
on
for
each
stock
whole
common
common
stock,
share
held. OD Also distributed in Sept. 1912 12,000-401.824
(4)
one-bait share of
of a share of Amer. Mach.& Fdy. stock for each share of Amer. Tobacco cora,stook held. (6)Stock readjusted In 1912. Above dividends are on old stock:
paid on new common 2% Dec. 2 1012, and on new preferred 14% Nov. 1 1912. (7) Two per cent of this is extra. (8) Also paid on common stock
In Jan. 1913 a cash dividend of 31.500,000. (9) Also a distribution of 40% on Feb. 15 1913 from funds received in liquidation of loans to former subsidiaries. (10) Additional distribution, being part of cash proceeds from sale of certain securities. (11) Preferred stock pays 6% per annum.
(12) Extra payment was in stock of Wells, Fargo & Co. (13) Also distributed on July 1 ono-tenth of a share of Amer.Tobacco pref. and one twentysecond of a share of Amer. Cigar pref. for each share of Amer. Snuff Corn, stock held. (14) Paid in 1912 50% on stock of old co. and 20% on new co's
stock, (16) Of this 5% is extra. (16) Paid in 1913 20% on old capital, a stock dividend of 300% and 5% and a special disbursement ofthis
30%nne
is extra.
capital. (17) Paid in 1913 20% on old molts'. a stock dividend of 300% and 6% reg. and 2 extra on new capital. as) 28% of
(19) 10% of this is extra. (20) Five per cent of this paid in scrip, and also distributed in Apr. 1914 ratably to Amer. Tob. corn. stockholders 360.729
Restricted B Deferred Ordinary shares of the Imperial Tobacco Co. (of Great Britain and Ireland). (21) One per cent of this is extra. (22) With
option to subscribe for an equal amount of common stock at par. (23) In lieu of the usual cash of 3% in Oct. 1914 distributed 2,425 shares of P. Lorillard Co. pref. and 3,440 shares of Liggett & Myers Tobacco Co. pref., in the proportion of .02204 6-11 of a share of the former and .03127 3-11 of a
share of the latter for each share of American Snuff common held. (24) Also :33 1-3% in stock.




RAILROAD COMPANIES,
FOR MISCELLANEOUS COMPANIES, SEE PAGES 142 TO 186, INCLUSIVE
BIPLANATOR y.-Thls Supplement Is expressly intended for use In connection with the Investment news and official reports published from week to
week In the "Chronicle." Frequent reference Is therefore made to the volume and page of the "Chronicle" (as V. 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 oornpany. As every
uch item contains a reference to the last preceding Rem, the reader can run back at pleasure. Annual reports are in black-faced figures,
indez.-Any company not In regular alphabetical order may be found by means of the index, on another page. to roads leased and consolidated.
Dividends.-The dividends ("dive.") tabulated in the text are those actually paid during the calendar years named. Irrespective of when earned.
Wet Earnings are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed charges.
Securities.-These are described in table at head of page (except the stock, for lack of space, sometimes only in text below) as follows:
Miles of Road.-Opposite bonds, this means the miles of road owned covered by the mortgage.
Size or Par Value.-Shows (In dollars unless otherwise marked). the denominations or par value, "100. &c.." signifying $100 and larger.
Rate Per Cent.-The Interest and dividend rate per annum is here shown: g, gold; our, currency, x, extra; et, stock or scrip.
When Payable.-J & J stands for January and July; F & A. February and August; M & S. March and September; A & 0, April and October; M & N
May and November; J & D. June and December; Q-J, quarterly from January; Q-F, quarterly from February; Q-M, quarterly from March.
Bonds, Principal When Due. &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 If for "consolidated mortgage"; Ina If for "income mortgage';
g for "gold"; o or our for "currency"; guar p & I for "guaranteed principal and interest"; cum for "cumulative"; non-oum for "non-cumulativel;
cony for "convertible into stock at holder's option"; pref for "preferred"; pref p & d "preferred as to principal and dividends; s f for "sinking fund";
I gr for "land grant"; r "fully registered (no coupons)"; o "coupon"; 13* "coupon, but may be registered as to principal";'
"registered and coupon
bonds are interchangeable"; br "branch"; end "endorsed"; red "redeemable"; dr'n or drawn,"subject to call by lot"; pm "per mile"; ass'd."assumed";
Taxes.-The position of interest payments as regards deductions for taxes, as shown by bond or mortgage, or as reported by company, as far as ascertained, is indicated as follows: x"payable without deduction for any tax"; xx"company assumes normal Federal income tax for the present at least.'
y "Free from all taxes except Federal income tax." ii "No provision as to exemption from taxes." k "Free from Pennsylvania State tax." o "Free
from United States taxes.'
Mortgage Trustees and Stock Transfer Agents(TR Treasurer's Office) are Indicated thus:
PHILADELPHIANEW YORK CITYUC -Union Trust
Usm -U S Mtge & Trust Co 1/1 -international Trust
TIL& Say Bk FP -Fidelity Trust
,o
tiViiTaleirlE
Ba -Bankers Trust
lay
NB -New England Trust
-Girard Trust
GP
Ca -Carnegie Trust
Trust
Colony
-Old
OR
BALTIMORECe -Central Trust
FL -Fidelity & Columb Tr OuP-Guaranty Tr & S Dep
BBa -Baltimore Trust
SB -State Trust
PIP -Provident Life & Trust
Col-Columbia Trust Co
-LL -Louisville Trust
CoBa -Continental Trust
CHICAGO
PeP -Penn Co for Insur on
PITTSBUROHErn-Empire Trust Co
FBa -Fidelity Trust Co
CeC -Central Trust Co of III
Lives & Gr Annuities
Eq -Equitable Trust
MBa -Maryland TrustCC -Continental & Corn- CPi -Colonial Trust Co
F -Farmers' Loan & Trust MeBa-Mercantile Tr & Dep
mercial Tr & Sav Bk FPi -Fidelity Title & Trust WP -West End Tr & S D
-Pittsburgh
Trust
PPi
Say
13k
Trust
&
G -Guaranty Trust
SBa -Safe Dep & Trust Co FC -First
FRANCISCOMe-MercantileTrustSAN
IC -Illinois Trust & Say Bk UPI -Union Trust
CS -California Safe Deposit
N -New York Trust
ST LOUISMC -Merchants' Loan & Tr
BOSTONMSt-MississIppi Valley Tr
& Trust
Un-Union Trust
AB -American TrustNC -Northern Trust
US -Union Trust Co
SSt -St Louis Union Trust
Us -United States Trust BB -Boston Safe Dep & Tr RC -Royal Trust
Subscribers will confer a favor by giving Immediate notice of any error discovered In these tables.
RAILROAD COMPANIES,
(For abbreviations. &c., see notes on first Page)
Adirondack Ry-See Delaware & Hudson Co.
Akron & Barb Belt-let Ms f (text) g---- Usmx.o•dor
Akron Can & Young-1st If $1,500.000 g red 105beg'15
Alabama Great Southern-Ordinary stook
Preferred stook 6% $4,000,000
First If gold ext in 1908(V 85. p 1645. 1460)-Fz.c
Cez.o
General mortgage £1.180.000
First consol M $25,000,000 gold
0.zer*
x
Car trust $74.000 due o-a gold (V 82, p 867)
Do
Series D, due $50.000 s-a (V 88. p 1559)x
RR
Line
Coast
Atlantic
Alabama Midland-See
Ala N 0 Tex & Pac Jet-Preferred "A" stook 6% cum
Deferred "B" stook
"A"& *B"debentures,redeemable since 1910 at 115c
"0" debentures income sub) to call any time at 100
Alabama Tennessee & Nor-At & N RR 1.st M_Col x
Cola
Tombigbee Valley firstp4
Nx
General mtge
x
Mobile Terminal & Ry 1st mtge gold red 105
x
Ala Tenn & Nor Ry 1st & ref M $25,000.000
xcs
Secured 3-year gold notes red 101
Alabama & Vicksburg-Stook (see text)
Vicksburg & Meridian let If g $1.000,000.__F.xo•
Alabama & Vicksburg cons lst M $1.800.000 g-Cez.c
2d M °rig $700.000 g (let If on 3,278 acres)Cex.o
Albany & Northern-See Georgia Southw & Gulf
Albany & SUSa-Stook dividends guar by D & H (end)
1st M $10.000.000 g gu p & I oonv(text) Usmx.o•&r
Albany & Vermont-Stock 3% guaranteed by rental

Miles Date
Road Bonds
--- 1902
___ 1910
--_ 1878
290 1888
--- 1913
1906
--- 1909
__

____

___
-___
--_
-- _

1890
1890
1906
1906
1910
1910
1913
1913
--_1881
1889
1889

143
143
143
143

Par
Value
1,000
100
50
50
1,000
£100
S. d & fr
1.000
1.000

Rate
%

When
Payable

4g J
$982,000
1,500.000
6g J
7.830.000 5 In 1914 J
3,380,3506 In 1914 F
1,750.000 5(6) g I
5 if J
£810,000
5g J
2.500.000
$222,000
454 M
434 J
450,000

&
&
&
&
&
&
&
&
&

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

D June 1 1942
U S Mtge & Tr Co, N Y
Cleveland Trust Co
J July 1 1930
D Dec 28 '14. 254 Checks mailed
do
do
A Feb 23'15,3%
Farm L & Tr. NY:63B
J Deo 1 1927
D Deo 1 1927
Morgan,Grenf&Co,Lon
New York
D Dec 1 1943
N To May 1 1916 Franklin Trust Co, N Y
J July'15-July '19 Empire Trust Co. N Y

£10 £1,500,000 See text March Mob '14. 454% London
£10 £2,500,000
Glyn, Mills. CI & Co, Lon
g M & N Nov 1 1940
Various £1,797.240
do
do
tr A & 0 Nov 1 1940
£20 Ac
£810,653
Columbia Trust Co, N Y
$862.000
1.000
g A & 0 Oct 1 1958
Columbia Trust Co, NY
g A & 0 Apr 1 1956
450,000
1,000
New York Trust Co, NY
J & J Jan 1 1935
270,000
1,000
Mobile and New York
g M & S Sept 1 1935
500,000
1,000
Guaranty Tr Co, N Y
M & N May 1 1943
See text
do
do
6 g M & N May 1 1916
1.000,000
100 2.100.000 7 In 1914 Yearly Sept 4 1914 7% Central Trust Co, N Y
do
do
6 g A & 0 Apr 1 1921
1,000 1.000,000
do
do
5 g A 65 0 Apr 1 1921
585,100
100 am
do
do
A & 0 Apr 1 1921
5g
422.700
100 Ac

-------100 3,500.000
142 1908 1.000 Ac 10,000,000
600,000
100
12 ----

AKRON & BARBERTON BELT RR.-Belt line at Barberton, 0., and
Fairlawn to Akron, 0.; total, 23.4 m. Stock, $100,000, owned equally
by the Cleveland Akron & Cincinnati.Bait. & Ohio, Erie RR.and Northern
Ohio Ry. Bonds auth.,$1,500,000* issued,$1,140.000;.$158.000 redeemed
by sinking fund; $360.000 reserved for future requirements. Drawn at 105
yearly for sinking fund of $11.550 and int. on bonds in fund per annum.
-(V. 78, p. 2598.)
AKRON CANTON & YOUNGSTOWN RY.-See page 140.
ALABAMA GREAT SOUTHERN RR.-(See Map Southern Ry.)-Owns
Wauhatchle, Tenn., to Meridian, Miss., 291 miles; leases Wauhatchie to
Chattanooga, 5 miles, and Belt By. of Chattanooga, 49 miles; Owns half
interest In Woodstock & Blocton By,,8 miles; trackage to Gadsden. Ala.,
miles; total operated. 358 miles.
ORGAN/ZATION.-Controlled by Southern By., but operated independently. V. 81, p. 1722; V. 82,4a. 159. Owns $833,300 stock of S. W.
Construction Co. received for $833,300 Cin. New On,& Tex. Pac. stock.
DIVIDENDS.-'01.'02. '03. '04. '05 to '08.'09. '10. '11 to'14. 1915.
Common stock____ 0 0 0 0
0
2 454 5 yrly
Pref. stock
9 9 10 9 6 yearly
6 6
6 yrly
3
BONDS.-The first consol. M. bonds (limited to $25.000.000) are lssuable in lettered series, bearing not over 5% interest, as follows: $2.500,000
series A (sold) to provide for additions and improvements during 1914. 1915
and 1918: $5.686.600 reserved to refund $1,750,000 1st 5s and $3.936,600
gen.5s of 1927: $9,000.000 for 2d track at,say.$30,000 per mile. 290 miles,
with extension to be built from Wauhatchle to the Southern By. line. 3.2
miles; the 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.
LATEST EARNINGS.-11914
Gross, $2,445,797; net, $540,731
6 mos., July 1 to Dec. 3141913
Gross, 2,851,377; net, 783,957
ANNUAL REPORT -Report for year ending June 30 1914. In V. 99, p.
1211, showed: Gross, $5,385,307; net, incl. outside open.. $961,380; other
income. $377,402: deduc.. $581,696; bal. for stock, $757.186: pref. dive.
(6%), $202,821: coin. div. (5%). $391,500; bal., sun., $162,866.-(V. 97,
p. 1202,1282, 1285, 1582, 1897; V.988, p.72, 1534; V.99, p. 1128, 12110
ALABAMA NEW ORLEANS TEXAS & PACIFIC JUNCTION RAILWAYS (Ltd.).-An English co. controlling Ala. & Vicksburg, 143 miles;
Vicks. Shreveport & Pao.. 189 m.; New Orleans & Nor. East., 196 miles.
DIVIDENDS.-Pref."A.- 334%. 1908; 234%, 1910: 454%. 1911 and
1912;3%%.1913;454%.Mar. 1914; arrears from Aug. 28 1885,abt. 170%.
SECURITIES OWNED.-Alabama & Vicksburg $30.000 let mtge.,
$343.400 2d mtge.. $141.100 consol. mtge. and $1,168.000 stock; Vicksburg Shreveport & Pacific. $1.613,000 gen. mtge. $2,080,100 pref. and
$2.773,500 com. stock; New Orleans & North Eastern, $5.595,000 gen.
mtge., $1,500,000 incomes and $5,336,300 stock; Southwestern Construction Co.. $448,700 stock; Railroad Lands Co., $108.850 (of $120.000) stock.
'95. '96. '97. '98. '99. '00. '01. '02 to '14.
COUPON PAID-For: '94.
.875 1
2% 2% 4 ki 5 5 5 5% yearly
"B" (Incomes)
154
254 5% yearly
..0" (incomes)
EARNINGS.-In cal. year 1913 net from investments was $206,032;
tax (£12.622), interest on "A" depaid general expenses (£4,607). income5%
(£49.362). on "C.
':Adeb(
e4n;
t4u%
res
):
bentures (135,259). on "B" debentures
fund to extinguish debenture dissink,
(£38,169);
1913
Oct.
1
5% paid
prof.
div.
£6,402
1912.
from
count. £4,600. brought in
£63,563; balance,surplus. £4,254.-(V. 98, p.688; V. 99. p. 1051, 1908.)




Amount
Outstanding

12.25 J & .1 Jan 1915,$7.75 Del & Hudson Co, N Y
334 g A & 0 Apr 1 1946
do
do
If & N Nov15 1914 1,3i Troy, N Y
3

ALABAMA TENNESSEE & NORTHERN RY.-Operates from Mobile.
Ala., on Gulf of Mexico, where extensive terminals are owned, to Reform.
Ala., on the Mobile & Ohio, about 225 miles, including about 25 miles of
trackage. A consolidation In April 1913 of Ala. Tenn. & Nor. RR., Tombigbee Valley RR. and Mobile Term. & By. Stock auth., $25,000.000.
Of the 30-year first and refunding M. bonds ($25,000,000 auth. issue),
$3,663.000 were issuable at once, but only $2.000,000 have been issued and
these have been deposited under the $1,000,000 secured 3-year 6% gold notes
due May 1 1916. the remainder are issuable under careful restrictions at
$25.000 per mile to take up at or before maturity all underlying liens, with
an extra allowance for equipment and terminals. V. 96. p. 1228.
& Nor.
Equipment notes outstanding, $150,000 5s Issued by Ala. Tenn.
incl.
RR., due $10.000 semi-ann. from May 1 1915 to May 1 1922
net,
$472,012:
gross,
1914,
30
June
ending
EARNINGS.-For year
charges, $159,828
$199,261. In 1912-13, gross, 3466,385; net, $184,904:
gross.
$177,09;
1914.
31
ending
Dec.
mos.
For
6
$25,076.
bal., sur..
Pres., John T. Cochrane. Mobile, Ala.; Asst. Sec., Wm,
not, $47,592.
Goodman, New York.-(V. 96. p. 1228.)
Vicksburg to Meridian, Miss.;
• ALABAMA & VICKSBURG RY.-Owns
On. Texas & Pao.
and branch, 143 miles. Controlled by Alabama New
to 1899, 5%i
DIVIDENDS.-1890 to 1892. 3% yearly; 1896. 3%; 1897
1904
to
1914.
7% yearly. Stock
9%;
1903,
yearly;
1900 to 1902. 6%
dividend 50% in 1900 and 100% In 1910.
BONDS.-$1,000.000 consols are held to retire Ticks. & Meridian firsts
Gross. $792,614; net, $100,770
EARNINGS.
-6 mos.,11914
Gross, 994,107; net, 237.348
July 1 to Dec. 31. 11913
June
30.
Report V. 99. p. 1666.
ends
year
REPORT.-Fiscal
Net Inc. Int.,&c. Bal., Sur,
Dividend.
Cross.
Years$327,489
3128,171
3199,318 (7%)$147,000
31,830,544
1913-14
482,659
127,604
355,055
(7%)147,000
1,861,937
1912-13
-(V. 95. p. 967, 1398; V. 97, p. 1285, 1499; V. 99, p. 1298. 1666.)
from Seward on south
ALASKA NORTHERN RAILWAY.-Projected
Fairbanks. in Tanana River, 450 miles. Of
coast of Alaska north to near
this, 71 miles from Seward north were In operation Sept.1 1909. and 42 miles
partly constructed. Projected 30 miles to coal fields and 300 miles to
/dltarod gold fields. Successor to Alaska Cent. By., foreclosed Oct. 11
1909. V.89, p. 1140. 1222: V.87, p.281. In Nov. 1912 control was sold
to a Canadian syndicate. V. 95, p. 1330. Stock auth.. $30,000,000; outstanding.$5,000.000. Bonds auth.,$30.000,000: outstanding,*5.000,000.
Pres.& Gen. Mgr., W.E.Stavert,Toronto. Can.-(V,98.9. 1771.
ALBANY & SUSQUEHANNA RR.-(See Map Delaware & Hudson.)ROAD,-Owns Albany to Binghamton, N. Y.. 142 miles.
LEASED for term of charter. viz.. 150 years from April 191851, to Del.&
Hudson Co.: rental was 9% per annum on stock (see guaranty, V. 56, P.
774), but the courts having held 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
the stock, but in Jan. 1914 and 1915 20 cents was deducted for company's
Federal income tax. A special dividend of 30% (31.050,000) was paid
Nov. 16 1909 from the proceeds of the judgment for back rentals due by
reason of refunding. V. 89, P. 1141, 1666; V. 90, p. 913.
BONDS.-The bonds are guar. p.& I.. and until April 1 1916 convertible into D. & H. stock-$500 stock for $1,000 bonds. Of the bonds $3.558,000 bad been converted to IFeb. 1915. V. 80, p. 1174, 1362, 234R.
Form of guaranty. V. 82. p. 989.
Pres., Arthur W.Butler; V.-Pres., Geo, Welwood Murray: Sec. & Treas..
W.L. M. Phelps; Asst. Sec. & Treas., C. F. Coaney.-(V, 97. P. 1820.)

FEB., 1915.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES.
(For abbreviations. &c., see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

11
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

--- 1909
$1,000 $7,400,000
Alberta & Gt Wat-lst M deb $7.400.000 g gu text__
5 g J & J Jan 1 1959
--- 1910
£100 10.080,000
Algoma C & II Bay-let M g gu red 105 textUsm.xo•
5 g J & D June 1 1960
Dec' 14 coup not paid
2d M gold $3,240,000
Usm -__- 1914 $£
1,000,000
6 g M & S Sept 1 1964
Bk of Mont,Lon.M or T
Alg Cen Terminals 1st Mg gu rd 105----Usm.xcs
--- 1912 £100 &o 51.027.300
5 g F & A Aug 1.962
Corn Agcy. LOn & Mon
___ '11-12 S. E, &o
_x
Equip bonds(A,B,0). due $107,500 yrly red
5606,000
6g
Various To May 15 1922 Maitland,Coppell&CoNY
-_ 1911 5,£, &o
Algoma East Ry-Man & No Sh 1st Mg gu red Usmzo*
2,500,000
5 g lict & S Mch 1 1961
Bk of Mont, Lon &NY
_ __ 1912 5. £,&c
Sup Rolling Stk equip bds ser D due $20,000 yrly_x
160,000
6g
M & N15 To May 15 1922 Maitland,Coppell&Co.
62
._
Allegheny & Western-Stook 53.500.000)
$100 *3.200.000
6 g I & 3 Jan 2 1915 3% A Iselin & Co. New York
First M $2.500,000 gold guar p & 1 (end)_0.xo.
62 1898
1.000 2,000.000
4 g A 63 0 Oct 1 1998
do
do
Allegheny Valley-See Pennsylvania RR
3 1889
1,000
Allentown Terminal-lst M guar p &I(end) g__Ce.xe*
450,000
4 g J & .1 July 1 1919
Chestnut, Ph
437
Office.
12 1908
500
Amador Central-ist M gold (2% s t begins 1913)---z
300.000
5 g 11 & N Nov 2 1938
Union Tr Co,San Fran
292 1895
1.000 7,000.000
Ann Arbor-First mtge $7.000.000 gold____Mp.xo*
4g
Q-J July 1 1995
Metropolitan 'Jr Co. al Y
2-year g notes sea by $1.500.000!mot & ext bds_Em
--- 1914
1.000
750.000
6 g M & N May 1 1916
Trust Co. at Y
Empire
/mpt and ext M $10.000,000 gold
x
1911
See text
5 g M & N May 1 1941
do
do
Equip bonds. ser A gold due $33.000 semi-ann_Bax
..-- 1909
1,000
330,000
5 g 31 & N To Nov 1 1919 Bankers Tr Co. N Y
do ser B g due $30,000 s-a red 102)4 (V 92.p 59)xc
--- 1911
1,000
360.000
5 g J & I To Jan 1 1921 Empire Trust Co. N V
Apalachicola Northern RR-First mtge 52,000.000 g__
102 1905
1,000 2,000,000
5 g If & S Sept 5 1925
March 1913 coup last pd
Arizona Eastern-Gila Vail GI & N let 31 g gu-Mp-z
125 1894
1.000 1,492.000
5 g I& & N Nov 1 1924
So Pao Co 165 Sway N Y
First refunding M s f
F c*Scr
242 1910 1.000 &c 9,155.000
5
M & N Mail 1950
do
do
Arkansas Louisiana & Gulf Ry.-lst 31 gob n
x
143 1907
1.000 1.230.000
fi g J & .1 July 1 1957
In default.
Arkan & Mem RY & Bridge-lst M $5,000,000-----------See text
5
Asheville & Spartanburg-See Southern Ry, Carolina Div.
Ashland Coal & Iron-Stock
----773,500 See text Q-M Dec 30 19141% Check from Co's office
-50
First refunding mortgage *400.000 gold
22 1900
1.00
300.000
Nx
4 g Et & N May 1 1925
New York Trust Co. N Y
Atchison & Eastern Bridge-let Mg s f red at par_Cex
399,000
1.000
--- 1898
4 ¢ J & J July 1 1928
Central Trust Co, N Y
Atch Top & Santa Fe Ry-Stock, corn $250,000,000100 197,382,000 6 in 1914 Q-75 Meh'1'15 134% Cheeks mailed from N I
--- ---Stock pref $131,486,000 5% non-cum
100 114.173.730 5 In 1914 F & A Feb 1 1915 234
do
do
Chicago & St'Louls 1st M (to be paid Mar l) our F.ze
141 1885
1.000 1,461.000
6 our M & S Mch 1 1915
5 Nassau Street. al Y
Chicago Santa Fe & California 1st M g__-BB.zo•&r
439 1887 1.000 &o
560.000
5 g I bs J. Jan 1 1937
do
do
General mortgage gold (see text) --- - Un.xe*dcr 8,547 1895
500 &o 150.634.500
4 g A & 0 Oct 1 1995
do
do
Adjust Inc M cum since July 1 -500 &e 16,649,500
8,547 1895
1900 4g
Nov
July 1 1995
do
do
do do interest stamped payable M & N
x 8,547 1895
500 &e 34,696.500
4 g M & N July 1 1995
do
do
Eastern Oklahoma Div 1st M ;10,000.000 g fixed:a'
479 1903 1,000 &e 9,603,000
4g M & 8 Mch 1 1928
do
do
TransconSLlstM 530.000,000 g red 110__Gxe &V'
693 1908 1.000 &c 17,000.000
4 g I & J July 1 1958
de
do
Proposed new M on St L R M & P 33.000.000 (text)
See text
5
50 years
Bonds $49,711,000 cony corn stk red (text) axe./a
--- 1905 1.000 &o 13.754.000
4 g J & D June 1 1955
do
do
Bonds $26.056,000 red 110
-__ 1907 1,000 eco 8.747.000
la.xe*&r
5 g I & D June 1 1917
do
do
Bonds $28,258,000 g cony cons stk red(tex)(1.xe*&r
-__ 1909 1.000 Sco 2,273,000
4 g J & D June 1 1955
do
do
Bds $43,686.000 g cony corn stk red(text)(1.zoo&r*
--- 1910 1,000 &o 26.578.000
4 g J & D June 1 1960
do
do
si,,,,a,i., A* Qn 1* 711 n rat' 111K alnnea lone nn wise
111 150R
1 0110
10211411
5 sr
I
&
7 Jan 1 1090
An
An
ALBANY & VERMONT RR.-Owns road from Albany to Waterford Jct..
N. Y.. 12 miles. Leased to Rensselaer & Saratoga In 1860 and now operated by Delaware & Hudson Co. Annual rental, $20,000.
ALBERTA & GREAT WATERWAYS RY.-To extend from Edmonton, Alberta, Canada, northeasterly to a point at or near Fort McMurray
and from a point near the western end of Lac La Biche to the eastern end
thereof, a total of about 350 miles. On Sept. 15 1914 grading had been
completed from Edmonton to Lac la Biche. 130 miles. First M. debenture
55, guar. by Prov. of Alberta, and isolable at $20.000 per m.. and $400,000
for Edmonton terminals; Standard Tr. Co. of Winnipeg, trustee. Redeemable, all or any, beginning Jan. 1 1919 at 112%. In Nov. 1909 $7,400,000
were sold in London. V. 89, p. 1346; V. 90, p. 558. In Sept. 1913,after
a dispute with the former holders of the concession, a new arrangement
was made with J. D. McArthur to take over the project and construct the
road. V:97. p. 886. Pres., J. D. McArthur, Winnipeg.-(V.97.P•886.)
ALGOMA CENTRAL & HUDSON BAY RY.-Owns from Sault Ste.
Marie,Ont.. and IVIiipicoten Harbor to a connection with the Can. Northern Ry.. 272 miles; branch to Helen Mine, 12 m.; extension to Hearst on
Grand. Trunk Pacific Ry., 50 miles, completed Sept. 1914; total 334 miles.
V.95,p.748. 1540; V. 99, 13. 814. Cash subsidy. 56.400 per mile. Land
grant. 1,655,000 acres. The coupons due Dec. 1 1914 on the 1st 5s were
defaulted. V. 99, p. 1671.
Owns stock of and leases for 999 years Algoma Central Terminals, Ltd.,
rental covering interest and from July 1918 1% sinking fund on 1st M.,• the
bonds are guaranteed, prin. & Int.. by Lake Superior Corp. Present issue
(limited to $5.000,000) is secured on terminal properties and the $900,000
1st M. 5% bonds and 599.300 stock of Algoma Eastern Terminals, Ltd.
V. 95, p. 1540; V. 96, p. 651. 1020, 1491; V. 99. p. 268, 536.
Stook, common, 55.000.000. all owned by Lake Superior Corporation,
which guarantees the 5% bonds (see table above),to be issued at 530.000 per
mile. Pref. stock, 5% non-cum.. $5,000.000. The stockholders Sept. 16
1914 authorized an issue of not exceeding $3,240,000 2d M. bonds. V. 99.
p. 536, 1213. 1st M. bonds see V.91. p. 93. 1159. 1327. 1573; V.97. p.666.
Equipment bonds, V.(2, p. 1635; V. 94, p. 1382. Due Lake
Sun. Corp.
for advances June 30 1914,$438,639. Report for year ending June 30 1914
(Incl. steamship line), in V. 99, p. 1666,showed: gross,$957,399; net. $234,185; other income, 0,615; int, and rentals, 5522,753,• bal., def.. $247,953;
Pres., Thomas J. Kennedy, Sault Ste. Marie, Ont.; V.-P's., W. K.
Whigham, London; W. C. Franz, Sault Ste. Marie, Ont., and H. Connell. New
York; Sec., Thomas Gibson, Toronto; Treas., James Howson, Sault Ste.
Marie, Ont.-(V. 99, p. 814, 1051, 1213. 1666, 1671.)
ALGOMA EASTERN RY.-Owns from Sudbury. Ont., to Little Current (Manitoulin Island) through nickel and copper districts, 86 m., completed Jan. 1 1913; branches. 3 m. Land grant 703.200 acres in Ontario
and cash subsidies from Prov.and Dom.of Can. V.92,p. 265; V.95, p.748.
Leases for 999 years Algoma Eastern Terminals, Ltd., rental covering int.
and sink, fund on 5900.000 1st M.5% bonds. See Algoma Central Terminals, Ltd., mtge., V. 95, p. 1206, 1540.
Common stock, 52,000,000, all issued, and pref. 5% non-cum., 51.000,000, of which $800.000 issued, all owned by Lake Superior Corporation. Bonds auth., 53,000,000 1st M.50-year gold 5s, issuable at $30.000
per mile, guaranteed, princ. and int., by Lake
Superior Corp. They are
subject to call as a whole at par or may be drawn at 105 from subsidies or
the proceeds of land sales. Subsidies and land sales may be used to make
good any deficiency In bond interest until March 1916. V. 92. p. 396. 462.
527, 1032; V. 93, p. 227, 406: V. 94. p. 1382.
Report for year ending June 30 1914 in V. 99, p. 1906, showed gross,
$183,169;net,573,110; other income,$7;int, and rentals,$60,467;
gar,
$12,650. Pres., T. J. Kennedy, Sault Ste. Marie, Ont.; V.-P's., J. Frater
Taylor, Sault Ste. Marie, Ont., W. C. Franz, Sault Ste. Marie, Ont.. and
H.Coppell, New York; Sec., Thomas Gibson, Toronto, Ont.; Treas., James
Howson, Sault Ste. Marie.-(V. 99, p. 814, 1051,
1906.)
ALLEGHENY & WESTERN RY.-(See Map Buff. Roch. & Pitts.)Punxsutawney to Butler. Pa.,60 miles. An extension
of Buffalo Rochester
& Pittsburgh, to which leased in perpetuity
for guaranty of bonds and6%on
stock. Uses Halt. & Ohio
from Butler to New Castle and Pittsburgh undera
trackage arrangement, making in all 147
m. V.70. p.849.-(V.82.P.691.)
ALLENTOWN RR.-Topton to Kutztown, Pa.. 4.39 m. Stock. $1.268.884 (Par 550), incl. $1,071.400 pledged
under Reading Co. gen.M. No bonds.
ALLENTOWN TERMINAL RR.-Owns 2.91 miles of railroad In Allentown, Pa., connecting
the East Penn.(Phila. & Reading) with the Cent. of
N.J. Leased for 999 years to Phila.
ment from Lehigh Coal & Navigation& Read. and Cent. of N.J.(by assignCo.) at interest on bonds and 5% on
$450.000 stock (par $50). and taxes, bonds
being guar., prin. and interest.
by Phila. & Read.RR. Co.(foreclosed)
and Lehigh Coal al Navigation.
AM ADOR CENTRAL RR.-Ione to
Martell. Cal.. 12 m.Stock. $400.000:
at. $100. Mortgage, see V.
p. 156. Year end. June 30 1914, gross,
$97.254; net, $39,081; int. &88,
$19,500; bal.. sur., 319.581. Divs.
1911-12, 6 2-3%.$25.000. from taxes,
accum. surplus. Pres. Meta J. Erickson,
San Francisco. Office, Martell,
Cal.-( . 88, p. 156)
ANN ARBOR RR.-Owns from Toledo. O..
to Frankfort,on Lake Mich..
292 miles; operates car ferries between
Manitowoc. Wis., and Menominee and Frankfort, Mich., Kewaunee and
Manistique. Mich. Wabash and
Pere Marquette use Toledo terminals.
Entire oap, stook of Manistique & Lake Superior, Manistique, Mich.. to
Evelyn,42 m.(with branch. 13 m.) was
purchased in 1911. V.92. p. 1108.
STOCK.. &e.-Common, $3,250,000; pref..
$100. Pref, stook cert., see issue Oot. 30 54,000,000; 5% no-cr.,pa
1897 r 3. V. 94. p. 205.
The Ann Alhor Co. was Incorporated
5 1911
.as'a holding company
with $7.250.000 auth. stock, of which Jan.
$4.000.000
pref. and $3,250.000
common (par $100), the stock being offered, share for
share, for the Ann
Arbor RR.stock (Incl. the ;3.001.000 common and $2.190.000
pref. bid in
at auction by Ramsey committee Nov. 251910.) in Apr11191152,971.900
pref. and $2,158,200 corn, had been exchanged. V. 92. p. 59, 116. 321
BONDS.-In May 1914 $750,000 b% gold notes were sold, secured
by
deposit of 51,500.000 inapt. and extension 5% bonds of an issue limited to




110.000.000. to be a first lien on $400,000 of new equipment and a second
lien on entire road, with all other equipment.&c..to retire 5600.000 notes and
reimburse treasury for improvements. V.98. p. 1154. 1243, 1315. 1391.
EARNINGS.-6 mos.. 1914
Gross, $1,215,030; net, $354,75 2
July 1 to Dec. 31.
1913
Gross, 1,262.044; net, 393,915
ANNUAL REPORT for 1913-14 was in V. 100, P. 227.
Year ending June 30- 1913-14
1912-13.
1911-12.
1910-11.
Gross earnings
$2,096,169 52.072,697 $2.120,384 $1,934,616
Net,after taxes
473,038
461,511
525,430
453,236
Net income
499,761
523,649
576,656
506.074
Int.. hire equip.,&c
418.767
368,307
396,372
342,928
Balance, surplus
580.994
3155.342
$180.284
3163.146
DIRECTORS.-Newman Erb, H. I. Mlller, H. H. Harrison, F. K.
Curtis, A. W. Towsley, W. J. Wellman, Leroy W. Baldwin. E. S. Lyon
and Frederick Hertenstein. Pres., Newman Erb.; V.-P. & Gen. Mgr.
A. W. Towsley; V.-P., H. I. Miller; Treas., Jesse Mayer; Sec.. H. B:
Blanchard.-(V. 98. p. 1391; V. 100, p. 138, 227.)
APALACHICOLA NOR.RR.-ARIZONA EASTERN RR.-See p.140.
ARKANSAS LOUISIANA & GULF RR.-Leases from Dec. 1 1914 the
Arkansas Louisiana & Gulf Ry., Monroe, La., to Hamburg and Crossett,
Ark.,62 miles, and Ashley Drew & Northern Ry.. Crossett to Monticello,
Ark., 41 miles, extensions of 70 miles are proposed. Incorporated in Louisiana In Nov.1914. V.100,p. 138; V.99,p. 1671. Stock,$600,000. The
Railway has out 51,230,0005% bonds (in default); mortgage trustee. Colorado Title & Trust Co. of Colorado Springs, Colo., and the Ashley Drew &
Northern By.,5438.000 1st 10-yr. gold 6s due Sept. 1 1922. In Feb. 1915
It was proposed to reorganize the properties, a new mortgage to be made to
secure $2,000,000 20-year 6% bonds to retire the old bonds and provide for
the extension. V.86. p 106. Earnings of Ark. L.& G. Ry.for year end. June 30 1914, gross, $93,564;
op. def., after taxes, $46,416. Pres., J. M.
Parker; V.-P.,J. F. Allen, N. Y.; Sec., A. D. Nichols; Treas., Edward F.
Caverly, 111 B'way, N. Y. Office, Crossett. Ark.-(V. 100. p. 138.)
ARKANSAS & MEMPHIS RAILWAY. BRIDGE Se TERMINAL CO
-Has under contruction a double-track bridge across the Mississippi River
at Memphis, Tenn. expected to be completed in fall of 1915. Stock
authorized. 5100.000.
'of which $10,200 is paid in, equally owned by the
St. Louis Southwestern Ry., Chicago Rock Island & Pacific By. and St.
Louis Iron Mountain & Southern By., which use the road under a 50-year
operating agreement and guarantee the 1st M.5% bonds (55.000,000 authorized Issue), principal and interest. In Jan. 1915 sold 35,000.000 6%
3-year notes secured by bonds. V. 100. p. 138.-(V. 100. p.
138.)
ARKANSAS OKLA. 5c WESTERN RR.-See Kan. City & Morn. By.
ASHLAND COAL SC IRON RY.-(V.99. p. 814.)
ATCHISON & EASTERN BRIDOE.-Owns railroad and wagon
at Atchison,Kan., connecting with the union station. used by the bridge
Atoh.
Top. & Santa Fe, the Chic. R.I. & P., the Mo.Pao. and the Chia. Burl.
&
Quincy. Stock, 5700.000; par. $100 per share. Pres. and Treas.. II. P.
Eels. Cleveland. 0.-V.67, D. 578.)
(THE) ATCHISON' TOPEKA & SANTA FE RY.-The Bytom
operated July 1 1914 comprised 10,961 miles of railroad and embraced
an unbroken line of track from Chicago. Ill., via Kansas City, )1o., and Albuquerque, N. M., to the Pacific Ocean; also to Galveston, Tex., and the
Gulf of Mexico. For operating purposes the 10,961 m.were divided as follows
Atchison Topeka & S. F----8,339.72 Texas & Gulf By
125.49
Rio Grande & El Paso
20.22 Gulf & Inter-State By.(V.91.
Gulf Colorado & Santa Fe...1.595.89
p. 588.)----71.33
Pecos & Nor. Texas Ry_ 569.79 Concho San Saba & Llano
Panhandle & Santa Fe
179.16
Val
59.63
This Is exclusive of 39.26 miles of new lines completed on last-named
date, all of which was ready for operation on Oct. 1 1914. Also controls.
through ownership of securities or purchase contract other lines aggregating
228.92 miles and,jointly with other cos., 593.85 miles.
In Dec. 1911 sold to Southern Pacific Co. the line from Nogales to Guaymas., Mex., 263 miles, receiving in exchange the Southern Pacific line from
Mojave to the Needles; also sold to the Southern Pacific the New Mexico &
Arizona RR., Benson, Ariz., to Nogales, Max., 88 miles. The California
Arizona & Santa Fe Ry, was incorporated in California with 550.000.000
authorized stock to take over the line from Mojave to the Needles and the
AtOhison branch, from Cadiz, cat.. to Wlokenburg. Ariz.. 195 miles. and
other lines in Southern California and Arizona. See BONDS below.
V. 94.p.67, 486,629; V.95, p. 543.
In 1900 acquired control of Gulf Beaumont & Kansas City and Gulf Beaumont & Great Northern, which are leased by Gulf Colorado & Santa Fe,
lessee also of Cane Belt RE.. &c. V.76, p. 751; V. 77, p. 1224. On July 1
1914 the Gulf & Inter-State, Concho San Saba & Llano Valley, Texas &
Gulf and the Pecos & Northern Texas south of Sweetwater were leased to
the Gulf Colorado & Santa Fe By.
In Dec. 1914 the St. Louis Rocky Mt. & Pacific By. was taken over
under an option of purchase prior to July 1 1915. extending from Dm
Moines, N. M., west to Raton. on the Atchison. 106 miles, or $3,000,000
50-year 4% bonds secured on the road purchased, payable as of Aug. 1 1913
and $50,000 cash. In Aug. 1914 94% of St. L. R. M. & P. bonds had
assented. See V. 97. p. 363, 442, V. 95, p. 543, 1771; V. 97, p. 666.
The Oklahoma Central RR.,I•Ahlgh, Okla., to Chickasha. 128.45 miles.
with branch,&c., total 135.67 miles, Is leased for 5 years from Aug. 1 1914.
with privilege of renewal for 5 years, and an option to purchase the 51.500.000 stock and $1,500,000 income bonds. V. 98. P. 1844; V. 99. p. 406.
ORGANIZATION.-Organized Dec. 12 1895 under laws of Kansas, as
successor of Atch. Top. & S. Fe RR. Co., foreclosed. V. 60. P. 658.
The railway company in July 1914 owned In fee 7.158.06 miles of system.
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.
STOCK.-The preferred stock has preference as to assets and non-cumulative dividends not exceeding 5% per ann.. as declared by the board of directors out of net profits. No other mtge,and no increase In the pref. stock

12

RAILROAD COMPANIES.
(For abbreviations, &e., sea notes on OW page.]

Miles Date
Road Bonds

Atch T & S F (Con.)Ba.ze
375
San Fr & San Jo Val 1st g call 110 aft 1915-Ba.zo•
195
g
Santa Fe Pres & Phoenix-lst M
Coax*
26
guar
M
1st
E
Pres &
834
Cal_Ar L ret&ret Id 160,000.000 g red 110.0.xo•&r*
Athens Terminal Co-lst M gold redeem 105 --N.xo•
Atlanta Birm & Atlantic°Bac*
837
Atlanta & firm Ry 1st M red 110
Old mortgages foreclosed. See text.
Eqx
$60,000seml-annuany
Equip bonds due
Equip bonds Ser B (V 85. p39) due *86,000 s-a__Ox
263
Atlanta Ec Charlotte Air Line-Stock (see text)_ _ _
Ce.ye&r*
263
1st M $20,000,000
Atlanta Knoxville & Northern R y-See Louisville & N ashvill
_c*
_
_
82
par_
red
g
$500,000
M
Bay-lst
And
Atl & St
82
Second mtge (1500.000 authorized)
Atlanta Terminal-First mtge 11.500.000 g__13.xe&r 4.46
93
Atlanta lc West Point-Stook 12.500,000 auth
83
Atlantic City-First Mtge 12,200,000 gold_ OuP.xo*
Atlantic City purchase money real estate mtge_ 013x
66
Sea Coast prior lien mortgage gold
UP; All
1st cons M 14,500.000 gold guar
Atlantic Coast Line Co (Conn)-Stock (see text)____
-Cutts of indebt Inc non-cum 15,000,000__SBa.zr
do Class B red 105 after Nov 1920(V 89,p1666)z
__z
do redeemable at par since 1910 __
Atlantic Coast Line RR-Stock common (text)
Class"A" corn stock tax exempt(Rich & Pet cents)
Preferred stock 5% (V.75. P. 1252)
Coll tr M gold secured by L & N stk red 105-xo*dors
Unified mortgrige gold $200.000,000 auth___xc*&r* 4.221
Us.c*&r* 4,298
Gen unified M $200,000,000 gold
Cony debs $23,562,500 red 105 after May'16 SBa.xr
-io
Wash & Van 1st M $1,500,000 g gu p & 1_SBa.xo*
89
Winst-Salem So'bd 1st M $5,000.000g gu.Us.xo•Scr•
Equip trust bonds gold 1225.000 due 8-a-SBa.gc*
ser B gold $125,000 due s-a
do
SBax
Bonds to be Refunded by Unified 4sFirst cons (1st M on 1,020 miles) closed_F.xcs&r* 3.947
Certificates of Indebtedness (new)
ied
North East (S C) cons M gold Flor to Charieston_xc

1896
1892
1898
1912
1907
1904

11.000 16.000.000
1.000 4.940,000
224.000
1.000
$ &
18.294.828
1.000
200,000
1.000

1906
1907

1.000
1.000
100
1914 1,000 &c
1908
1909
1903
1889
1900
1898
1901
1897
1900
1905

1902
1909
1914
1909
1907
1910
1907
1911

1.000
1.000
100
1.000
1.000
1,000
50
100 &c
100 &c
100 &c
100
100
100
1.000 &o
1.000
1,000 &c
100 &c
1.000
1.000
1.000
1.000

4,090,000

$32,114,850 134,591.565 $32,272.703
2.569.968
2,515.624
2.174,354

$86,406
Balance, surplus
OFFICERS.-Chairman of Executive Comm.. Walker D. Hines; E. P.
Ripley. President; D. L. Gallup. Comp.: C. K. Cooper, Asst. Treas.
A.D.Juilliard, H. RieDirectors.-Charles Steele, Edward J. Berwind,
Walker D. Hines, Henry S. Pritchett.
man Duval, Thomas P. Fowler,
Phila.; John G. McCullough, Vermont: B. P.
N.Y.; T. De Witt Cuyler,
P. Ripley. Chicago; Andrew 0. Jobes,Wichita,
Cheney, Boston; Edward
S. Gleed, Topeka: H. C. Frick, Pittsburgh.
Kan.; Howel Jones, Charles
99. p. 1062, 1298. 1671: V. 100, D. 395.)
-(V.
Y.
N.
St..
Nassau
Office. 5
freight terminals and approaches in
ATHENS TERMINAL CO.-Owns
owned by Seaboard Air Line and
equally
*25.000,
Athens. Ga. Stook which agree to pay operating expenses and Interest
Gainesville Midland,
use. Bonds ($250.000.auth, Issue), see
tonnage
to
proportion
charges in
W. R. Beetling°, Gainesville, Ga., Sec. & Treas..
table above. Pres.,
Ga.
Gordon C. Carson. Savannah, ATLANTIC RR.-Owned Brunswick, Ga..
&
ATLANTA BIRMINGHAM
miles; Sessoms to Waycross, Ga.. 25 miles;
453
Ala..
Birmingham.
to
m.; Atlanta to Manchester, 76 m.;
Fitzgerald to Thomasville. Ga., 81in Atlanta, &c., 3 m.; total, 645 miles.
Pyriton to Ashland. 7 m.; trackage
receivers were appointed. V. 88,
1909
2
Jan.
On
RECEIVERSHIP.
1913 became sole receiver. The Atlanta
D. 99, 156. E. T. Lamb in_Oct.

Rate

When
Payable

A
M
A
gM
ScJ
g
5g
g

g

J

M
240.000
I
5
430.000
1.700.000 See text M
434 J
5.500,000

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

& 0 Oct 1 1940
& S Sept 1 1942
& 0 Apr 1 1928
& S Mch 1 1962
& J July 1 1937

5 Nassau Street, N Y
do
do
Central Trust Co. N Y
5 Nassau St, New York
New York Trust Co. N Y

J Jan 1 1934

Old Colony Trust Co, Bos

&

& N MaY'15-Nov'16 Nov 1914 coupon paid
& J July'15 July '17 Jan 1915 coupon paid
U S Mtge do Tr Co. N V
& S See text
Central Trust Co, N Y
& J July 1 1944

Guar Tr Co, NY,& Atl
g A & 0 Oct 1 1938
425.000
J & J Jan 1 1914
6
425,000
Guaranty Trust Co, N
J & D June 1 1553
4
1,500,000
2.463,600 6 in 1914 J & J Jan 2 1915 3% Atlanta, Ga
g M & N May 1 1919
Reading Terminal. Phil&
2.200,000
do
do
434 A & 0 Apr 1 1930
75,000
do
do
5g A & 0 Apr 1 1948
850,000
do
do
4 g J & J July 1 1951
1.851,000
8,820.000 12 In '14 Q-M Dec 10 '14 3% Baltimore
In 1914. 57
6 our J & D Irredeemable
5.000,000
/n 1914 paid 4%
J & J
4
61,800
/n 1914 paid 4%
J & J Jan 1 1925
4
3.000.000
Trees Office, Wilm, N 0
'11
Jan
1915234
J
&
J
text
See
67.558,000
do
do
1.000,000 See text J & J Jan '11 1915234
do
do
196,700 5 in 1914 tot & N Nov 10 1914 2M
P
J
Morgan
di Co, NY
1952
1
Oct
N
4g
Cs
M
35.000.000
United States Tr Co. NY
4 g I & D Dee 1 1959
4.568.000
United States Tr Co,NY
26,379,484 4 & 414 J & D June 1 1964
Safe Dep do Tr Co, Salto
M & N Nov 1 1939
4
4,482.935
U S Tr Co, N Y & Salto
454gF & A Feb 1 1947
720.000
United States Tr Co, NY
July 1 1960
4g I &
5.000.000
4 g M & S To Mch 1 1917 US Tr Co. NY,& Balto
900.000
do
do
434 g J & D To Dec 1 1921
1.750.000

1902 1.000 &c 51.326.750
135,100
100 dm
1902
657,000
1.000
1883

$34,289,204 137.107.189 134.842,671
Total income
112,886,412 $13,825,325 $13,660,859
Interest on bonds
1,918,530
1,599.960
1.283.034
Hire of equipment, rentals, &o
5,708,690
5,708,690
5.708,690
Dividends on pref. stock (5%)
10,168,185
10,398,780
Dividends on corn. stock (6%)_ _ _ 11,691,750
3.300,000
5,574.434
2.719.318
Additions and betterments




Amount
Outstanding

Par
Value

can be made without consent of majority of all pref. outstanding and of all
cora, stock represented at a meeting. The total auth. amount of pref. to
$131.486,000. of which 110,800,000 reserved to acquire other lines (V. 93.
p. 526. 406); also $6,486,470 in special trust for improvements, extensions.
&c. Pref. stock certfs. in "Supplement" of April 1897. ro• 3.
1915.
DIVS.- '00. '01. '02-'05. '06. '07. '08. '09. '10 to '14.
534 6 yriY.
5
Corn.(%L.. 0
334 4 yrly. 434 6
5 yriy.
5
5
5
5 yrly. 5
5
(%)-- 4
also V. 68,
BONDS.-The Gen. Mort. (Abstract V. 62. p 731-739: see
or by collateral
p.974: V.86. p. 1098) gives alien, either by direct mortgage
terminals,
&c.
equip..
with
system,
the
of
trust, on 8,547.02 m.
The unissued Gen. M.4s were in 1914 reserved as follows: To retire car
trusts, $2,339,383, and underlying bonds, $2.004.960: for impts.. &c..$1.852.102: acquisitions of other lines. $6.731.554.739. Int. payable only if
Adjust. (Income) Mtge. abstract. V. 62. p.
issue limited to $51.earned up to 4% in each year, cumulative. Present
728,000, but when the 130,000,000 gen. 45 auth.for improvements as above
4s may be issued for
have been issued, $20,000,000 additional adjustment
the same purpose at not exceeding $2,000,000 in any one year, but only by
a majority vote of the adjustment bondholders. Interest-In Nov. 1897
Paid 3%;since, full 4% yearly.
Eastern Oklahoma division 48 of 1903. V. 76. p. 434: V. 79. p. 1331:
1041.
V.84. p. 1549; V.85. p.598; V.86. p. 980. gold
45 of 1908 are limited to
The "Trans-Continental Short Line" first
Aug. 1908 covered 693
$30.000.000 auth. issue. The $17.000,000 sold in can
be issued at *25,000
miles then in operation; the remaining 113,000.000
miles,compris1,110.78
operation
in
were
there
1914
30
June
per mile. On
ing the line from Amarillo. Tex., to felon, N. M., 343.15 miles; Clovis.
N. M.. to Pecos. Tex., 271.43 miles; Farwell, Tex., to Coleman. Tex..
288,37 miles. and branches aggregating 207.83 miles. V.87. D. 479.878.
The 45 of 1905 ($49.711.000 auth. Issue) are convertible into cora, stock
1174;
at par till June 1 1918. V. 79, p. 2695; V. 80, p. 649; V. 81. p. atpar
V. 82, p. 391, 867. Of the 126,056,00058 issued in 1907,convertible
to June 1 1913. $17,309.000 have been exchanged. V.84. p. 1051, 1112:
V. 85, p. 97. 283, 529. The $28,258,000 48 of 1909 are convertible into
common stock at par to June 11918, V.88. p. 1435. 1559. The 143,686,000 48 of 1910 are convertible into com, stock at par,since June 1 1913.
prior to June 11923. V. 90, p. 913. 1043, 1612; V.92, p. 393,593, 1700.
The 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 California-Arizona Lines 1st and ref. mtge. of 1912($50.000,000 auth.
Issue, of which $18,300,000 4345 were sold in Mch. 1912) covers 834 miles
of road. Including the line from Needles to Mojave. 242 miles, which was
acquired from the Southern Pacific Co., on which there are outstanding
$4„127,500 Sou. Pao, bonds due Nov. 1 1937. The latter also cover over
1.000 miles of Sou. Pao. Co., which has agreed to indemnify the Cal. Ariz.
& Santa Fe By. against any claim on account thereof.
Of the remaining Cal.-Ariz. bonds, 126,533.0(10 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 55, $224,000
Prescott,& Eastern 5s and $3000 on the line from Golfs to /vermeil. Cal.,
45 miles. V.94, p.649,698.1766; V.95. p. 543.
LATEST EARNINGS.-}1914- _Gross, $61,101,053: net, 122.419,109
19,813,287
6 mos., July 1 to Dec. 31. 191Gross, 57,906.277; net,$17,028,847.
For 6 mos. of 1914, balance after taxes, $19,737,267, agst.
for
Report
October.
in
Thursday
REPORT.-Annual meeting fourth
year ending June 30 1914 was given in V. 99, p. 1045, 1062; edit., 13. 1013.
1911-12.
1912-13.
1913-14.
10,628
10.750
10,909
Average miles operated
1111.109,770 $116,896,252 107,752.360
Operating revenues
71,273,203
77.642,535
73.469,334
Operating expenses
4,206.454
4,662.152
5,525,585
Taxes
Operating income
Other income

[VoL. 100.

RAILWAY STOCKS AND BONDS

4c
4
6

M & S July 1 1952
M & N Irredeemable
Jan 1 1933

United States Tr Co. N Y
Tress Office, Wilm, N 0
United States Tr Co. NY

Birmingham & Atlantic RR. and Georgia Terminal Co. were acquired at
foreclosure sale by the general protective committee on June 6 1914 and the
Alabama Terminal RR. on June 6, but tho Court on Dec. 1 1914, with the
consent of the receiver, again formally placed the road in the hands of the
receiver. V.99,
4p. 1671; V.98, p.6'38 837,839, 1534, 1844, 1918.
Receivers' Certi s. Protective Commilde.-George 0. Clark Jr. Chairman:
G. E. Warren,6 Broadway, Sec. Over 801 of the $4,700,006 certificates
deposited with Columbia Trust Co., N. Y.,depositary. V.98, p. 1534.
1243, 1691. V.96. p. 134, 1838; V. 89, p. 40. 102.
General Committee.-EdwIn S. Marston (Chairman). Frederick Ayer,
Samuel Carr and John I. Waterbury. Depositaries, Bankers Trust Co.,
N. Y., and Old Colony Trust Co., Boston. V. 88, p. 1196: V.90,p. 235:
V. 92, p. 116, 1563; V.94, p. 1248. The committee issued a plan (V.98, p.
1067, 1070, 1091), which was halted by a decline in earnings. In June 1914
it purchased the property at foreclosure, but in Dec. 1914 the receiver
again took possession. See above. V.98, p. 1918; V. 99, p. 536.
SECURITIES.-The Georgia RR. Comm. in Aug. 1914 authorized the
Railway (new co.) to issue 130,000,000 corn. and $10,000,000 pref. stock
(par $100), and 13.000,000 5% bonds. V. 99, p. 536, 673.
Particulars Regarding Obligations Prior to Foreclosure.
As to Atlanta & Birmingham By., 14,090,000 1st M. 58 (undisturbed
by foreclosure), see V. 80. p. 710. 115.
Of the 5s of 1906 (mortgage foreclosed), 114,185,000 were issued,of which
15,005,000 were deposited under collateral trust notes.
The $5,761,000 collateral trust 5% notes(V. 90. p. 1237, 1295; V.94, p.
1248) were a joint obligation of railroad and Atlantic & Birmingham
Construction Co. The Interest until payment thereof is guaranteed by the
shareholders of the construction company or the syndicate raising *800,000
cash for the plan. They were secured by deposit of $5,005,000 Atl. Shin. &
Atlantic 1st M. bonds and *5.600,000 pref. and $17,,000,000 corn, stock of
the railroad, $4,000.000 Woodward Iron Co. common stock and the $1,100,000 stock and $1,000,000 bonds of Brunswick SS. Co. the last-men'Co., which in
tioned being guaranteed by Atlantic Gulf & West Indies SS.
1910 purchased the five boats owned. V. 82, p. 1267; V. 83. p. 35, 1290;
V.84, p. 270; V.85, p. 1404: V.88. p.451. 503; V. 94, p. 412. 766, 1059,
1248. As extended they mature May 1 1915. Other notes. V. 95. p.681.
The Georgia Terminal Co. and Alabama Terminal RR. (foreclosed) had
bonded debts of 13,000,000 and $2,445,000. V. 84. p. 1427, 1551; V. 85.
P.470. 1204; V.88,p. 156,227,451.503.563; V.91. p.465; V.93,p.1323.
Gross,$1,377,653; net.$178,257
LATEST EARNINGS.-11914
Gross, 1,831,984; net, 402,126
6 mos., July 1 to Dec. 31.11913
In 1913-14, gross, $3,399,360; net, $632,407; other income, $48,703; int.,
taxes. &c.. $1.458,881; bal., der., 1777,771. In 1912-13, gross, $3,243,046;
net, 8566.301.
Pres.. E. T. Lamb,Atlanta, Ga.: V.-P.. Brooks Morgan; Sec. & Treas.
Floyd K. Mays.-(V. 99. p. 195, 136. 673, 968. 1671.)
Map Southern Railway
ATLANTA & CHARLOTTE AIR LINE RY.-(See
Ga., 263 miles.
System.)-Owns Charlotte, N. C. to Armour, authorize
a first mortgage to
(1) to
The stockholders on June 2 1914 votedgold
bonds to be issued in lettered
secure an Issue of $20,000,000 30-year
Ser. A 43ss have
$5,500,000
series and to bear not over 6% int., of which
by trustee of Southern sty. rat
been sold to retire the $5.500,000 bonds held reserved
double-track
to
road
114,500.000
consol. M. and the remaining
the operating contract made with
and improve the same; and (2) to modify
to
dividend
be
paid
the
which
under
be
will
RR.
Danville
&
Richmond
the
of a maximum of 7%, de9% yearly without regard to earnings. instead
to have an option to purpendent upon gross earnings, the Southern By. share
in cash. See V. 98,
chase the stock on any dividend date at $250 per
p. 1458, 1765. 1918; V.98, p. 1991: V.99, p. 195, 536,608.
Pres., C. S. Fairchild, N.Y.-(V. 99, p. 195, 536, 608, 1747.)
DIVS.- 11881 to '89. 1890 '91 to Mar.'01. Sept.'01 to Mar.'14. Since.
6 yearly.
7 yearly.
5A
Per cent_J 5 yearly.
9 yrly.
Year ending June 30 1914 (partly est.), $5,676.777; net, after taxes,
$2,198,660; other income,$11,565; int., &C.. 11,115,400; dive.(7%).$119,sun,,
bal.,
111,202;
1964.623.
V. 98, p.1991.
000; additions. &c.,
Pres., C. S. Fairchild, N. Y.-(V. 99, p. 195. 536. 608, 17,174
ATLANTA & ST. ANDREWS BAY RY.-Owns from Dothan, Ala.. to
Panama City, Fla.. on St. Andrews Bay, Gulf of Mexico, 82 miles: opened
July 15 1908. Stock authorized, $1,000,000; outstanding, Moms; oar
1100. Central Trust & Banking Corp. a Atlanta is mortgage trustee.- V:
98, p. 1391, 1460; V. 88. p. 685: V. 83. p. 270. For year ending June 30
1914, gross, 1227,096; net,$81,691;int., taxes, &c.,$64,035:improvements,
$17.078; bal., sur.. 1578. In 1912-13. gross, $237,082; net, $84,551.
Pres., A. B. Steele, Atlanta, Ga.; Sec.. G.H.Purvis, Dothan, Ala.-(V 98
p. 1535.)
ATLANTA TERMINAL CO.-Owns union passenger station opened'
May 14 1905, with approaches, used by Southern fly.. Central of Georgia
Ry., Atlanta & West Point RR. and Atlanta Birmingham & Atlantic RY•
Stock, $150,000. owned in equal proportions by the first three companies
named,charges and expenses 1)eing paid by the four using companies on car
basis. V. 76.1a. 593. 1394; V. 77.p. 699; V.88,P.1196.
ATLANTA & WEST POINT RR.-Atlanta. Ga.. to West Point, Ga.,
92.99 m. Georgia RR. Mob. 31 1910 owned 1936,100 stook, but sold same
In 1910-11 to the lessees at $135 pershare, with the option of purchase at
same price on expiration of lease. Operates Atlanta Belt Line. 5
miles:
through ownership of entire capital stock. V.71.p.963,: V.73,p.1354.
DIVIDENDS.-From July 1 1884 to July 1901, inclusive, 6% yearly.
25%
extra; 1902 to Jan. 1915,6%
J. do J.,• Oct. 1 1899,
,early.
'
In 1913-14, gross, 11.277,668: net, after taxes. $231.888; other income.
$76,293; charges,152,730; divs..$147,756;
$107.695.-(V.934).11044
ATLANTIC CITY RR.-Camden to Atlantic City, 57 m.(double track)'
branches. Winslow Junction to Cape May, N. J.. 54 m.: Williamstown, 23
m. Gloucester. 11 m.;Sea Isle City. 12 m.; Ocean City. 10 m.; total. 167 m.
V.'72. p. 1278. STOCK. corn., $2,625.000: pref., 11,000,0010 (par. $50).
Reading Co. owns over 99% of stock, and guarantees consol. 4s, prin. and
int. Form of guaranty, V. 75. p. 1398. Of the latter, 12,650.000 are
reserved to retire prior lien bonds. See V. 73, p. 81. There are also outstanding $22,800 Sea Coast RR. series A 5s and 12.617 series B 54.

PUB., 1915.]

RAILWAY STOCKS AND BONDS

13
wands

Wi 1 amspo

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Red Bank

NN
Johnstown
PITTSBURG

Cosine

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Itmdela
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10
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Jackson

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MAP OF THE

ATLANTIC COAST LINE

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14

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES.
[For abbreviations. &e.. see notes on first page.]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. 100.
Last Dividend Plates Where Interest and
and Maturity
Dividends are Payable

Atl Coast Line RR (0:mei/-M(lst on 594 m)gSBazo•
Safe Den & Tr Co. Bait°
4 g J & J. July 1 1948
11.000 $5,547.000
696 1898
Atlantic(IL of S C gen 1st
Meron Nat Bk. Rich'd.Va
5 g J & J July 1 1926
68 1881
868.000
z
1.000
Petersburg M class A gold
do
& 0 Oct I 1926
do
gA
6
800.000
_z
1881
1,000
68
Weldon)
to
(Petersburg
g
B
class
do
do
March Nat Bk. Rioh'd,Va
N
1915
&
1
May
M
7
&
8
340,500
z
dcip
1875
78)_
22
500
are
Richmond & Petersburg 1st Id ($24,500
Brown Brothers. NY
414 g A & 0 Apr I 1940
300.000
1.000
27 1890
cense' 1.1 g (Richmond to Petersburg. &M_Ce.xe
First Nat Bk. NY, &Balt
1,000 4.000.00(1 4 g & 5 it .1 & J July 1 1935
479 1885
are 45) g-SBa.ze
VVilm & Weldon gen M ($938.000
Safe Dee & Tr Co. Bali
4 g F & A Aug 1 1947
106.000
1,000
90 1897
Wilmington & New Bern 1st M gold assum_SBa.z
Central Trust Co, N Y
A & 0 Apr 1 1939
g
5
1.320.000
1.000
110
N
1889
Tar,
to
C)-Ce.ze
Va
Pt
(P
gold
M
1st
Car
Nor &
Safe Dep & Tr Co. Bait
5 g J & J Jan 1 1946
400,000
1,000
110 1896
SBa.ze•
Second mortgage gold
United States Tr Co. NY
1.000 6.500.000 5 g & 6 ¢ A & 0 Apr 1 1934
547 1884
58)-Alp.xe &r
Say Fla & W let Mg (12.444.000 are
do
1936
1
Jan
J
do
&
J
g
7
1.500,000
1.000
_
Ill
gold_
1886
SBa.zo•
mtge
gen
Savannah
&
Charleston
do
do
1938
1
Jan
J
1,407.000
&
J
&c
¢
500
4
1888
169
My.=
Bruns &W 1st M(Brunswick to Albany)igu
5 ¢ M & N Nov 1 1928
Metropolitan Tr Co. N Y
1.000 2,800.000
174 1888
Alabama Midland 1st Mg (Bainb to Montg)--Mp.xc
United States Tr Co. NY
4 g J & J Jan 1 1945
1,000 2,418,000
244 1895
AB.ze
Florida So 1st M gold
do
do
4 ¢ J & .1 Jan 1 1924
275.000
1,000
145 1894
PePx
Sanford & St Petersburg first mtge gold
United States Tr Co, N Y
492.000
4 g I & J July 1 1918
1,000
64 1888
SO Sp 0 & G 1st M gold (Ocala to /ny & br)-Eq.ito•
1
July
1948
Bankers
.7
Trust
&
J
¢
NY
4
Co.
3,925,000
1.000
278
1900
rent_Baxe
glnt
14,425.000
Atlantic & Deny-1st M
4 g J & I July 1 1948
Equitable Trust Co
1.000 1,525,000
278 1904
Ellin)*
Second mort 11,525,000 gold int rental
Jan 1 1915 14 Check from Co's Office
Semi-an
text
See
1,797.200
100
k
11.800.000
Carolina-Stoc
North
Ec
Atlantic
Nat Mechanics' Bk. Bait
J & 1 July 1 1917
6
325,000
1.000
95 1887
MeBa
First mortgage *325,000
M & S Mar 1915 3% London and Portland
6
167 ____ £ & $100 5.484.000
Atlantic & St Lawrence-Stock 8% rental Grand Tek
1952
1
May
Tr Co. Bait
N
&
Fidelity
M
g
5
300,000
die
500
1912
2514
105.FBaxxc*
red
Allan & West'n-IstM $1.500.000g
J & J Jan 6 1915 234 Savannah. Ga
5
100 1.022.900
53 _-__
Augusta & Savannah-Stock 5% rental Central of Ga
5 g ,f & D Dec 1 1924
3 P Morgan & Co. NY
400,000
1,000
Augusta Southern-First consol mtge gold__ _ _Ce.xc 8238 1894
Safe Dap do Trust Co.Balt
4 ¢ J & 3 July 1 1953
225.000
--- 1903 1.000 &c
Augusta Union Station-First M 1250.000 gold-SBax
Austin & N W-See Houston & Texas Central
& .1 Jan 1 1915 13( Erie Railroad, New York
J
334
225.000
100
17.7
text)___
(see
RR-Stock
Morris
Mt
&
Genesee
Avon
Broad St Station, Phila
5 g 14 & S Sept 1 1934
1,000 1.250.000
88 1894
Baltimore Chesapeake & Atlantic-1st M gold_M 1).W
Nat Bk Commerce, NY.
6
3 de J July 1 1929
48,500
500
3 1879
Bait Ec Cumberland Val Ry-lst M interest rental_ ___
do
do
1929
1
July
J
&
J
6
72.800
&c
100
1879
5
_
interest
M
rental_
RR-lst
Val
Bait & Cumberland
Company's
office. Ball
1915
1
Jan
.
J
&
J
7
&
5
390,600
50
-„, -B & C V RR Exten-Stock gu 0270.000 carries 7%3Nat Bk Commerce N.Y.
J & J July 1 1931
6
230.000
1.000
27 1881
MeBa
First mortgage interest rental
do
do
5 g M & N Nov 1 1936
690.000
1.000
58 1886
Baltimore & Harrisburg Ry-Mortgage gold_MeBa.c•
do
do
5 g M & N May 1 1938
240.000
1,000
15 1888
First M West Ext (116.000 pm)gold guar-MeBa.c*
1 1915 234 Co's Office.2 Wall St.NY
Mar
S
&
M
text
See
152.017,143
100
1210.250,000
stock
-Common
Ohio
&
Baltimore
do
do
100 58,868.800 4 In 191435 & S Mar 1 1915 24
-- ---Pref stock 4% non-cum authorized $60,000,000
do
do
500 &c 74.815.400
334 g J & JII July 11925
Prior lien mtge gold not subject to call_ _ Bit AO'&r 1.082 1898
do
do
Olj
&
1
July
1948
A
g
4
die
79,976,000
500
July
after
1898
1923__Us.xe&r
1.661
105
at
red
gold
First M
Ii Registered Interest Q-J
Gross, $1,436,148; net, $357,108
EARNINGS.-6 mos.,11914
Gross, 1,455,303; net, 344,724
July 1 to Dec. 31. 11913
Year ending June 30 1914.gross,$2,362,003; net,$538,291. In 1912-13.
gross, $2,205.125; net, $470,675: other income, 142,809; int., taxes, &c..
2630,570; add'ns & impts.. $76,474; bal., def.,$193,560.-(V. 82.P. 750.)
ATLANTIC COAST LINE CO.-Organized May 29 1889 under the
laws of Connecticut, and owned June 30 1914 118.590,600 common stock
and a large amount of the bonds of the Atlantic Coast Line RR.-see below.
STOCK.-The stockholders voted February 20 1914 to reduce the
stock from 117,640.000 to $8,820,000, effective as of Mar. 10, the stockholders to receive an equal number of new $50 shares in place of the old
$100 shares, and in consideration of the reduction a distribution out of
assets of $100, par value. of Atlantic Coast Line RRs common stock for each
$50 Atlantic Coast Line Co. stock surrendered-see below. V.98, p.234,
609.
As to the certificates of indebtedness, see editorial Oct. 1897. Supplement, p. 3; V.65, p 564; V. 71. p. 1310. In 1898 $5,000.000 stock was
distributed as a 100% dividend (V.67. p.954), and In 1900 $10,000.000 4%
certificates of indebtedness (including $2,500,000 of Atlantic Coast Line
RR. Co.) as a 100% dividend. (V. 71, p. 697; V. 73, p. 493.) As to securities pledged to secure equally the certificates of indebtedness, see V.
17, p. 1310; V. 83. p. 560. Bal. sheet 1914. V. 99, p. 1127.
CASH
1'02. '03. '04. '05. '06. '07. '08. '09. '10. '11. '12. '13. 1914.
12
DIV8-%(634 8 8 9 10 10 8 9 10 10 12 12
Chairman, Henry Walters.-(V.98, p. 609; V. 99, p. 1127.)
ATLANTIC COAST LINE RR.-(See Map.)-Operates from Richmond
and Norfolk, Va.,on the north. to Fort Myers, Port Tampa and River Jct.,
Fla., on the south. and Montgomery. Ala., and Augusta. Ga., on the west,
reaching the ports of Nortolk. Va.; Wilmington, N. C.; Charleston, S. C.;
Savannah and Brunswick. Ga.,and Jacksonville and Port Tampa, Fla.
Lines owned and trackage- Miles. Lines owned. &c. (Con.)- Miles.
Richmond. Va.,to Port Tampa.
Paola Jot, near Sanford to St.
Fla
900
Petersburg, Fla
145
Norfolk, Va.. to South Rocky
Palatka. Fla.. to Brooksville_ 145
Mount
115 Milidale, Fla., to Perry
163
Contentnea to Wilmington__ 109 Branches. doe
1.706
Wilmington, N. C., to Pee Dee
LeasedJunction
97 Central RR. of So. CarolinaFlorence, S. C.. to Augusta. Ga. 167
Lane to Sumter S.0
40
Sumter to Columbia
43 Other lines
12
Yadkin Jet.(Wilmington. N.C.)
to Sanford
116
Total in earns. June 30 1914-4,661
Waycross, Ga., to Folkston. Ga. 34 Closely allied lines (see each co.)Jesup. Ga.. to Montgomery. Ala. 353 Louis. & Nash.(Incl. Ga.ER.)-7,507
Brunswick, Ga., to Albany_ _
167 Charleston & Western Carolina_ 341
Dupont Jct. to Fort Myers, Fla_ 349 Northwestern RR.of So. Car__
71
Also owns one-sixth interest In the Richmond-Washington Co. Leases,
lointly with the Louisville & Nashville RR., the Georgia HR.,571 miles.
Extensions from Monticello to Perry, Fla., about 35 miles,and from Oldtown to Dunnellen,50 miles, are proposed, making a short route to Tampa.
Fla., the latter being opened March 11914. V.94, p. 416: V.95.p. 1411.
Archer, Fla.. to Morriston. Fla., 20 miles. opened Oct. 15 1913.
ORGANIZATION.-On April 18 1900 absorbed by consolidation (V. 70.
P.840,893), Wilmington & Weldon RR., Atlantic Coast Line RRs. of S. C.
and Va.and Norf. & Car. RR. Florida Southern and Sanford & St. Petersburg were merged April 1903. V. 76. p. 918. 971. The Atlantic Coast
Line Co. (of Conn.) June 30 1914 owned 118.590,600 common stock,
217,640.000 having been distributed Mar. 10 1914 among its stockholders
See that co. above. V. 70. p. 893; V. 71, p. 1116, 1310; V. 83,_p. 560.
Say. Florida & Western By. was merged In 1902. V. 74, p. 774, 829.
In Oct. 1902 acquired $30,600,000 of the $60.000,000 Louisville & Nashville RR. stock for 310.000.000 cash. 135,000,000 in 4% collat. tr. bonds
and $5,000.000 stock. V. 75, p.733. 792, 905; V. 79,p. 785. In Oct. 1914
purchased the Florida part of the Florida Central RR., Stringer to Fanlew,
Fla.. 32 miles. V. 99, p. 1051, 1299.
STOCK.-Atl. Coast Line of Va. class A (Rich. & Pet. etre.) tax.exempt
stock was assumed as so much of the corn. stock of the new company.
Stockholders were offered the right until Feb. 3 1913 to subscribe for
56.250.500 new com, stock at par to be applied on account of the cost of
capital expenditures and the co.'s proportion ($6.120,000) of $12,000,000
new Louisville & Nashville stock. V. 95. p. 967. 1402; V. 97. p. 1513.
DIVS.(%)-'01. '02. '03-'05.'06. '07.'08. '09.'10. '11. '12-'14. 1915.
Com.(incl.CI.A.)234 334 a5 y'rly 6 6 6514 534 6 6 7 yrly 234,Preferred
5 5
5 5 $ yriy - - 5 y'rly 5 5 5 5
a Also in 190520% in com,stock scrip and 5% in Atlantic Coast Lined°.
4% certificates of indebtedness. V. 81, p. 1558. b Includes 3% paid in
Jan. In Atlantic Coast Line RR.4% certificates of indebtedness.
BONDS.-In April 1914 the 4% Unified Mortgage of 1909 wasclosed and
a new 2200,000,000 General Unified Mortgage was made permitting (unlike
the mortgage of 1909) the Issuing of bonds in series at various rates of interest
The old Unified 4s held by the RR.Co. and the Atlantic Coast Line Co.
($21.330.000 and $3.008,000) were to be exchanged at once for new Series A
434s, $ for 1, and a similar exchange is offered till Jima 1 1915 to the
$6,509.000 old unified 4s held by the public. V.98, p.761, 1070, 1154,1243.
General Unified Bonds were orareissuab
mom7.484
Ie
Purposesfor which the $200,000,000
refund $30.847,484 Unified 48
Issuable as Ser. A 448 to
pref.
indebtedness,
stock
and
of
certifs.
4%
retire
to
Reserved
4,963.960
debenture bonds
.,
Reserved to retire underlying bonds issued to retire certificates 79749806
not
bonds
any
with
Reserved (along
improvements. etc
84.438,750
of indebtedness) for future construction,
1243.
V.98.P. 761.WM'1154.
will be redeemable after May 1 1916 at
The 4% convertible debenturesof
the holder into common stock at $135
option
the
at
convertible
and
105
or, if called, up to 30 days of date.
1920,
Jan.
a share at any time up to
V. 97, P. 151d•




As to the *35.000.000 collateral trust 4s of 1902, see "Organization"
above. They are subject to call at 105 in amounts not less than $100,000.
There were outstanding June 30 1914 141.000 Bruns. & West. incomes.
The Washington do Vandemere 434s ($1.500.000 authorized, of which
$720,000 outstanding) are guar., p.& 1., by endorsement. V. 84, p. 1246.
As to Winston-Salem South Bound RR. guar. 45, see that company.
FINANCES.-In 1915 the dividend rates of the company and of the
Louisville & Nashville was reduced from 7% to 5%. V. 99, p. 1831;
V. 89, 13. 1595. Bonded debt per mile June 30 1914, 124,528. In March
1914 $3.500,000 unified 48 were sold. As to General Unified Mortgage,
see BONDS above.
LATEST EARNINGS.-f 1914_ _ _ Gross, $15,007,498; net, $2,432,974
6 mos., July 1 to Dec. 31.11913-Gross, 17,453,837; net, 4.122,171
REPORT.-Report for year ending June 30 1914 at length, V. 99, p.
1523, 1536 (editorial. p. 1490):
1911-12.
1912-13.
1913-14.
336,832,780 136,123.072 $33,463,558
Gross receipts
27,782,887 26.087.009 23.940.978
Operating expenses and taxes
Net receipts from traffic
Other income
Dividend on L. di N.stock (7%)

$9,049,893 110,036,063 $9,522,580
1,121.201
1,365,908
1,485,642
2,142,000
2,356,000
2,570,400

$13,105,935 $13,757,971 $12,785,781
Total net receipts
$5,548,708 $5,504,780 $5,609,282
Interest on bonded debt, &c
9,378
9,378
9,711
Int. on certificates of indebtedness
156.238
360,600
218.508
miscellaneous
Rentals and
9,925
9.925
9,925
Dividend on preferred stock (5 )
4,088,661
4.799,032 4,580,236
Dividend on common stock (7 )
$2,912,296
13,293.041
$2,520,051
Balance, surplus
Pres., J. R. Kenly:
OFFICERS.-Chairman of Board, Henry Walters;
C. S. Gadsden: 3d Vice1st Vice-Pres., Alexander Hamilton; 2d Vice-Pres.,
W. N. Royal':
Mgr..
Gen,
Brand;
A.
R.
Pres., J. R. Mealy; 4th
Treas., James F. Post.-(V. 100, p. 641.)
Vice-Pres.'
Sec.. Herbert L. Borden;
fly.)-West NorATLANTIC & DANVILLE RY.-(See Map Southernmiles: James River
folk to Danville, Va.. 205.1 miles; three branches, 22.25 Leased
to Southern
m.
Jet. to Claremont(3-ft. gauge), 50.36 m.; total, 277
maint. and cash
By. from Sept. 1 1899 to July 1 1949 for taxes, repairs,
of renewals for terms of
rental sufficient to cover int. charges, with privilege
to pay the same rate of divi99 years. In addition the Southern By. agrees
V.79,0.625.
dends on com,stock as paid on its own corn,stock. V.71,p.447;
Suit to enforce provisions of lease, V. 95, P. 1606.
only for
issued
be
BONDS.-Of the *4.425,000 4s of 1900. $500,000 can
charges to be covered
Improvements upon request of Southern By.. interest
$750.000
remaining
the
4s,
by increased rental. Of the $1.525,000 second
95, p. 1606.)
were issued July 1 1909. V. 7, p. 195.-(V.89. p. 1410; V.
-Morehead City to Goldsboro,
ATLANTIC & NORTH CAROLINA RR.
of $1,797.51,266,600
owned
N.C. 95 miles. State of No.Car. Nov.1913
Nat. Bk.. Raleigh. and a director
200 stk. E.0.Duncan,Pres. Merchants'
5270.000
about
acquired
had
1913
April
in
who
of Norfolk Southern RR,
State's
also offered the same for the1996
to
of the private holdings at $75 per share,
1904 to Jan. 1
Sept.
from
Leased
1088.
882.
p.
Norfolk
holdings. V. 96,
to
transferred
later
being
lease
(the
Co.
Atlantic & North Caroliria bonds,
Years.
for
3%
at
20
dive.
&c.. and
Southern RR.)for int. onyears tilltaxes,
5% is reached; thereafter. 6%•
ncreasing 34% every 10
e.
as
'98. '99. 1900-04. tinder
'97.
'96.
'95.
'94.
'93.
DIVS.0
2
2
2
2
0
2
Per cent-- 2
-V.83. p. 1522; V. 96, p. 862, 1088.) Sanford to Lillington, N. C., 2534
-Owns
ATLANTIC & WESTERN RR.
to Goldsboro being proposed. In May 1912
miles, extension from Sanford
acquired control. V. 94, n. 1249.
Baltimore
of
Co.
Middendorf, Williams &
Bonds issuable at $12.000 per mile. See
Stock, $300.000; Par. $100.
$50,708; net, $21,059; charges.
gross,
1913-14.
year
table above. For
Pres..H.0. Huffer Jr., Baltimore, Md.; Sec.
$19,409; bal.,_sur., $1,650.-(V.94,0. 1249; V.95.P. 1038.)
Cooke.
C.
Wm.
Treas..
and
RR.-Millen to Augusta, Ga.. 53 miles. /n
AUGUSTA & SAVANNAHfor
101 yrs. at 5% on stock.-(V.61, p. 239.)
1895 re-leased to Cent.of Ga.
-Owns from Augusta to Tennille, Ga.. 82
RR.
SOUTHERN
AUGUSTA
In Jan. 1901 acquired about four-fifths of stock.
miles. The Southern By.
stock, $400,000; pref.. $350,000; par, 3100. Year
V. 73, p. 343. Corn, grow
$185,936: net, after taxes. $35.238; other in1914,
ending one 30
244,759; fine.bal.,sur.,$2,596.
come,$12.627; int. and rentals.
1011912-13. gross,$181.731; net,$24,286.-( .86, p. 2219. 2456.)
CO.-Owns union passenger station at
AUGUSTA UNION STATION
by all roads entering the city, the latter under their
Augusta. Ga., usedproviding
Interest
for
on the bonds and 4% dividends OD
contract
operating
paid in). held equally by Southern By., Atlanstock Stock. $75,000(5%
RR. V.78, p. 2333; V.79. p.500. Pres.;
tic Coast Line RR.and Georgia
Thos. K.Scott; Sec. and Treas.. Carlton Hillyer.-(V. 82. p. 48.)
AVON GENESE0 & MT. MORRIS RR.-Mt.Morris to Avon,N.Y.,17.7
miles. Leased to Erie RR. Feb. 26 1896 In perpetuity; rental (after 1911).
334% on stock.-(See V.63. p. 512; V.62. p.318. 589.)
BALTIMORE CHESAPEAKE & ATLANTIC RV.-Owns Claiborne to
from Claiborne to Baltimore, 44 m., transfer is
Ocean City, Md., 87.66 m.;
and
made by water; steamer lines owned, 1.134 m.; total mileage owned
in Feb.
operated, 1.221.66 m. The Pennsylvania and Phil. Bait. & Wash.
minority
purchase
at
per
$70
to
share
$478.100
the
authorized
were
1911
pref. stock. the Penn. and allied cos. already owning all the $1,000,000
593.
common and 78% of the 11,500.0005% cum. pref. stock. V.92.p.525,
Div.on pref., 2% Mch. 1 1905; in 1906, Mch.,3%;Oct.. 2%;In 1907 Mch..
Jan., 5%; Sept., 2%; 1911.
3%; Sept. 2%; in 1908. Oct., 2%: 1910,
' mon. 31, 2%; Oct. 23%; 1912, July 1, 24%.
Jan. 31, 3%;




Llerrtalty

.

OHIO
WM' @ADV. •
011.C* LiCII

C

. 'rauktor

Walton

Bowling Green

•

e
Wilkesboro
orrutown

•

Wmaton•
Sal

Blue !tido.
LMINGT0t4

BALTIMORE a OHIO
SYSTEM
Baltimore & Ohio R.R.
Baltimore a Ohio Southwestern R.R.
Baltimore a Ohio Chicago Terminal R. R.Co
Cincinnati. Hamilton a Dayton Ry. Co.
and Connections

16

RAILWAY STOCKS AND BONDS

[Vol.. 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Miles Date
Par
RAILROAD COMPANIES
Payable and Maturity
Dividends are Payable
%
Road Bonds Value Outstanding
page]
[For abbreviations, cte.. see notes on first
Co's office, 2 Wall St. NY
334 gJ & 31 July 1 1925
* &r
922 1899 $500 &c$44,840,981)
M$45.000.0006...Pic
lst
v
(Concl)-SouthwDi
do
1925
do
1
13 &0
Nov
c
g
334
1898
&r
374)
&c
500
g_Ce.xc•
b6.056.730
M
1st
Pitts Juno & Mid Div $20,000,000
do
do
4 g If & N Nov I 1941
1,000 42,625,000
100 after 1925_ Un.xc•&r 1,634 1901
P L E & W V Sys ref g red
do
do
4 g J & D June 11948
1905
See text
Dist mtge $10,000,000 goldNew York Div & Term
S
1933
1
do
&
Mch
gM
do
*
434
63.250,000
1913
500 &c
(text)____Ce.xc*&r
Convertible bonds redeemablemortgage
text------- __ _
text
See
see
improvement
and
Refunding
1915
Co's
1
&
June
gJ
D
office,
Y
2
&e
WallSt,N
35,000,000
1,000
1914
___________
434
__
notes_
gold
One-year 4%% secured
_ .. .
F & A To Feb 1 1920
4
1910
1,000 See text
g gu(V94p349)CiP.xc*&r*
Equip bds $1,000.000 ylyYlYegn(V94p349)0P
F & A To Feb 1 1922 Girard Trust -Co-,-PUI
;
g
434
xo•&r
1912
7,000.000
1.000
$1.000.000
do due
do
do
434 A & 0 To April 1 1923
1913
1.000 8,955,000
do due $1,000,000 yrly (V 97. n 802)-0P.xc*
Bonds Underlying P J & MD Mortgage 334sOffice,
Oct
1935
0
2
1
&
A
Wall
N Y
St.
g
4
377
6.000
1853
500
&o
gold
1885
in
Loan 1853 extended
do
do
434 g M & S Sept 1 1930
143 1886
1,000 1,009,000
Cent Ohio $2,500,000 con 1st M (1st loan)g MeBa.zc
do
do
8 g J & 3 July 1 1922
a934,000
1,000
6 1882
Pittsburgh Junction let M $1,440,000 gold _Ba.xe
do
do
5 g J & 3 July I 1922
6 1894
a243.000
1.000
Pittsburgh Junction 2d M $300,000 gold_ Ba.xe•
5_
Bonds Underlying Pittsburgh Lake Erie & West Vie pinta 4
do
& 0 Oct 1 1933
do
A
g
5
6,000,000
LOW
191
1893
1st)
gold_Usm.xo•
(now
M
cons
Wheel
Clev Lor &
do
do
5 g J & 13 June 1 1936
191 1896
890.000
1,000
General mortgage $1.000,000 g redeem 105_ - N.xc
do
do
434 • 3 & J Jan 1 1930
906.000
102 1900
1,000
Cons ref It $10,660,000 gold red at 102%_Eq.xo•
1995
1
do
Nov
N
&
do
It
g
4
3.301,000
LOW
83
1895
guar_
Ba.xe&r
gold
M
1st
Valley
Cleveland Term &
do
do
5 g F & A Feb 1 1919
695,000
1,000
36 1889
Monongahela Riv RR 1st M gold guar B do 0_Ce.xo•
do
do
5 g M & S Mch 1 1950
225,000
1,000
72 1900
Ohio & Little Kan By let M ;250,000 red 105 g--z
do
June!
1936
1)
do
&
J
¢
5
2.000,000
172
1,000
1886
gold___FP.xc•
($2,000,000)
Ohio River let mtge
do
do
5 g A & 0 Apr 1 1937
itc•
208 1887
1,000 2,911,000
General mtge gold 1st on 39 mlles
do
F & A Aug 1 1920
do
g
6
344,000
1,000
&
p
guar
1890
32
I_FP.xci•
g
$400,000
M
1st
01
Ray Sp &
do
1922
1
July
J
do
&
J
g
6
297.000
1.000
xo•
11 1892
Huntington do Big S 1st M $400.000 g guar
do
.
do
6 g A & 0 Oct 1 1922
441,000
1,000
47 1882
Plash Cl & Tol 1st M g ($1.959,000 owned)-----x
First
1917
1
Nat
June
Bk.
D
&
4
J
g
Allegheny
82,000
&c
In
M
1878
100
___
1st
30
E
extended
L
&
Pittsburgh Newcastle
J
P
1917
1
Morgan
&
y
July
N
Co.
3
&
J
g
4
650,000
1,000
201 1887
pittsburgh & Western 1st cons It $10.000.000 g_xo•
Co's office. 2 Wall St. NY
5 g J & J Jan 1 1922
300,000
3 1892
1,000
Ellwood Short Line 1st mtge gold $300,000_ Ox
do
do • •
4 g A & 0 Apr 1 1990
177 1890
1.000 3.981.000
W Va & P 1st Mg 5s scaled, red at par___Me.Ba.xc•
•
• • •
Leased Lines. &c. SecuritiesAmer Bonding & Tr,Balt
& I) Dec 1 1945
J
g
5
251.000
1,000
1895
par
redeem
1
at
s
gold
$i.500.000
M
Coal
Mon River
518
Walnut
St.
June!
D
1925
Phila
&
J
g
4
1.000
5.000,000
9 1903
p & lendor_x
Schuylkill River E S RR 1st M g guar gold__
17 State St, New York
13 1893
Ba.ze•
434 g .1 & D June 11943
511,000
1.000
Staten Island By let mtge $1,000,060
Bankers Trust Co, N Y
5 ¢ J & D June 1 1936
394.000
1.000
1886
gass'd_va•
Bait & Ohio Chic Term RR-Ch&GtWilstM
To City of Chicago •
May
1938
1
N
&
M
5
650.000
City of Chicago purchase money mtge assumed_
text A & 0 Apr 1 1960
See
32.000,000
x
1910
authorized
$50.000.000
mortgage
First
Ohio
a "Total Issued" shown in first left-hand column, ha lance being owned by Baltimore &
Baltimore & Potomac-See Phila Bait & Washington.
M. & N.: reg. Int. Q.-F. 11 Reg. hit. 0.-.1.
cilCoups.
4s.
Svs.
W.Va.
&
E.
L.
Pitts.
for
collat.
nart
as
nledzed
h In addition $8.711.550
Pittsb. Jet ev Mid. Div.334s, Expected lobe ul0.,
&
B.
of
a
stock
the
majority
acquire
to
(4)
1905
on
26
voted
Jan.
stockholders
The
timately a first lien upon the railroads of the Central Ohio
of the Maryland Delaware & Virginia By., extending from Queenstown,
system and Pitts. Jet. RR.Co.. 379 miles in all. Total__ -- $20,000,000
Md., to Lewes. Del., with branches, a total of 77 m., and guarantee $2,000.$1.000,000 per year for first two years and thereIssuable
Meh'
In
1058.
co.
80.
116,
V.
that
p.
bonds.
See
000 of its first mtge.
.exten'ns, betterments. &o
5,000.000
after $500,000 per year to,
1912 sold $200,000 5% &mint. trust notes (secured on two boats) due $40.partial exchange for old bonds and sold ($4,000,000)_
14,836,830
In
1917.
1
March
to
yearly
000
in
is
bands
the
of
public
$6.078,530
and
$8,7
1
Issue.
1.550
pledged
this
Of
Fiscal year now ends Dec. 31. In 1913, gross,$1,247.861: net. $124.135;
part collateral for Pitts. Lake Erie & West Va. System 4s.
other Income,$12,624;charges,$197,978; balance,deficit.$61.219.-(V.92. as Underlying
table.
see
bonds.
98,p.
1316:
V.
999.)
P. 525,593. 724; V. 94.p.
(5) Pittsburgh Lake Erie & West Virginia System mtge. refunding 4% gold
BALTIMORE St CUMBERLAND VALLEY (RR. AND RY.).-The bonds (authorized amount $75.000.000) are a lien on 1.634 miles.
Railroad extends from State Line. Md., to Waynesboro, Pa., 4.55 miles.
a direct connection with Pittsburgh, Cleveland. Fairport, Lorain
forming
extends from Edgemont. Md.,
Sandusky, subject to underlying bonds outstanding thereon (see table
stock, $76,700. In $50 shares. The Railway
in $50 shares. Both are leased to and
In June 1914 $30.720,450 additional underlying bonds. Including
to State Line, Pa., 3 m.; stock, $42,500.
Pittsb. June. & Middle Div. 3345. were held In trust as part seWestern Maryland RR. for 50 years from July 1 1879. with privilege of $8.711.550
above)'
renewal or purchase; rental, interest on bonds.
curity. The $31.558,500 unissued are reserved to retire underlying bonds.
sXTENSION-Wayne
E
RR.
V. 79, p. 2793: V. 80. p. 1423; V. 86. p. 479. 1528; V. 87,
VALLEY
266;
CUMBERLAND
p.
74,
V.
&
BALTIMORE
to Western Maryland RR. p. 36; V. 88. p. 451. 685.
bore to shippensburg. Pa.. 20.52 miles. Leased
of renewal for int. on bonds
(6) New York Division and Terminal 1st 4s (authorized amount $10.000,for 50 years from July 1 1881. with privilege
000) are secured by deposit with the trustee of all the Staten island Rapid
and dividend on stook, amounting In all to $38.730.-(V. 75. P. 665.)
Grove, Md., to Orrtanna• Transit refunding 4s as issued ($5,000,000 authorized), all the $350.000
BALTIMORE & HARRISBURG Ry.-Emory
Bait. & N. Y. 1st 55 and the entire stocks of those companies. Of the
Salt.
Harrisburg
m.
&
Leases
66
total.
m.,
Pa.. 59 m., with branches. 7
treasury. V.83. p. 1042.
to Hightleld, 15 m., guaranteeing int. on bonds,$5,000,000 were on June 30 1914 held Indated
Ry.. Western extension, Orrtanna
March 1 1913, were
for
years
25
RR.
from
50
(7) Convertible 20-year 4%s $63.250,000.
Oct.
Maryland
Western
to
Its bonds. Leased
at
(and
The bonds
stockholders
954
to
underwritten).
rata
pro
offered
N.).
&
It.
(all
pref.
paid
stock
on
1886; rental, int. on bonds and 5% 1913 been paid annually for over 5 will ho convertible into common stock up to Feb. 28 1923 at $110 per
Dividends on common at 5% had in
beginning March 1 1923 at 10234. These 414s will
redeemable
and
share
44.
9.
812.)
$29.100.-(V.
pref.,
years. Stook, corn.. $690.900;
by the new blanket mortgage below described part passu with the
-Operates from Balti- be secured
bonds. See V. 96, p. 134, 200, 651, 715, 1088, 1421; V. 97, p. 727.
BALTIMORE Ec OHIO RR.-(See Map.)-ROAD.
Cincinnati and St. Louis: new
River East Side 4s. V. 77, p. 1745: V. 81, p. 727.
Schuylkill
more to Philadelphia and Baltimore to Chicago,1914,
4,478 miles. "Royal
total mileage leased, owned and operated in July
The stockholders on November 16 1914 authorized a General RefundBlue Line" (see Central RR. of N. J.) gives access to New York.
and Improvement mortgage covering the entire system and subing
lines:
The system embraces, subject to mortgages, the following
sidiary lines to secure not exceeding $600,000,000 bonds unless the stock204 holders should later consent to an additional issue, but the amount outPr.lien 314% M.-(1.082m.)Miles. Pittsburgh & Western
47 standing, together with all the prior debt, is at no time to exceed three tmes
Balt.to Wheeling, Belpre.O.,&c.x751 xPittsb. Cleveland & Toledo
50 the capital stock. The bonds will be issued in series as required to refund
dumb.to Pittsb. & w..l&c____ 331 xPittsb. Painesv. & Fairport
17 outstanding bonds amounting to $313,816,780 (all of which mature or are
xEastern Ohio
1st Mtge. 4%-(579 miles)9 redeemable by 1925), the $35,000,000 1-year notes due Juno 1 1915, and
MahonIng
&
xTrumbull
132
branches___
Balt. to Phila. and
37 underlying bonds on roads forming part of the system and subsidiary lines
Chicago, Ill., to Akron, Ohio__ 376 Monongahela River RR
83 aggregating $30,781,000 and maturing at different dates; also for improveBranches to Fairmont.W.Va..&c. 71 xClev. Terminal & Valley
xCleve. Lorain &Wheeling By.,
ments, extensions, &c. See V. 99, p. 1051.
South W. Div. 3)4% M.Wheeling to Cleveland, &c_. 191
The West Virginia & Pittsburgh (see agreement In V. 67. p. 1310) has
Belpre, 0..via Cinc. to St.L.,&c. 922
264 been operated since Sept. 1 1899 under a 99 years' lease, for 4% on the mtge.
xOblo River LinesPitts. Jct.3%% M.-(379 miles)
61 to be appropriated to payment of bond interest. V. 69, p. 439.
West Virginia Short Line RR
Bellaire to Midland City. Ohlol
72
Shawnee to Sandusky, Ohio_ .1 373 x0hlo & Little Kanawha RR
FINANCES.-In Jan. 1913 $63.250.000 4%% 20-year convertible bonds
6 xMahoning Valley Western RR- 43 were
Pittsburgh Junction RR
offered to stockholders at 9534. V.96. p. 134. 100.
P.L.E.&W.V.Sys.4%M.(•1.634m.)
0 gold notes secured by
In May 1914 sold $35,000,000 one-year 4%7
177 Total of all (adding Baltimore
West Virginia & Pittsburgh
deposit
of $32,000,000 B. & 0. Chicago Term. RR. 1st 45 and $4,000.000
4.478 1st pref.,
Belt and other lines)
Co. common stock
Reading
$4,500,000
and
$4,000,000 2d pref.
• Includes 379 m.,also covered by Pitts. Jct. 1st M. a See this company. V. 98. p. 1535. Ground rent lions June 30 1914, $3,196,996.
above.
x The stockholders on Nov. 16 1914 voted to purchase the lines in Ohio
and Improvement mortgage see BONDS
Refunding
new
to
As
then controlled by stock-See BONDS below. V. 99, p. 1051.
% equip. trust certfa. and in Sept.
In Jan. 1912 sold 810.000.000
Also owns Sandy Valley & Elkhorn Ry. V. 95, p. 889; V. 100, p. 307. $10,000,000. V.94,9. 277, 349; V.96, p. 1555: V.97. p. 802. In March
100, p. 228.
The Magnolia double-track cut-off between Orleans Road, W. Va.. and
the dividend rate was reduced from 6% to 5%. V.
Little Capacon, 11 miles, for which contracts were lot April 1913, costing 1915
net, $14,559.604
EARNINGS.-7 mos..J1914-15__Gross, $53,624,706;
about $6,000,000, was opened Dec. 6 1914. V. 96, P. 1295. 1771; V. 99.
not, 15,871,892
61,063.261;
11913-14__Gross,
July Ito Jan. 31.
p. 1747.
(Dec. estimated), net, after
Owns B.& 0. Chic. Term. RR.,$8,000,000 stock and $32,000.000 of its
For 6 months ending December 31in1914
1913; other income, $2,442.032:
4% bonds. See below. V. 90. p. 166. 1101.
taxes, $11,427,491, against $12,672,030
common div. (2% %).
HISTORY.-Receivers were appointed in Feb. 1896, but in 1899 reor- charges. $9,385,283; pref. div. (2%). $1,177,259;
p. 228.
ganized without foreclosure, per plan in V. 66. p. 1235. See also V. 67, 33,800,428; bal., def., $493.447. 1/. 100,
also 1p9.1113
.)
.
9
0
32
-1
8.
5
4
3
3.11
1
p
,
.
p. 688, 1206. 1356; V. 95. p. 681. 1121, 1744: V. 96, p. 134; V. 97, p. 363.
REPORT.-For year 1913-14, V. 991
S .
13713.12(-1e3e
Control of the Cincinnati Ham. & Dayton.-Under the readjustment plan
Year ending June 30-4.478
4,455
4,456
of the Cincinnati Hamilton & Dayton (V.88, p. 1436. 1498), the Baltimore Miles
$75,784,287 $80,194,490 $72,465.544
& Ohio in August 1909 acquired virtual control, and is to acquire full con- Freight earnings
15,893.721 15.537.078 14.754,912
trol on July 1 1916 at a price to be fixed by arbitrators. Certain C. H.& D. Passenger earnings
5.824,564
5,733.433
5.373.887
securities are guaranteed. See that company (in July 1914 placed in Mail, express. &c.. earnings
receiver's hands). V. 89. p. 102. 468: V. 94. p. 206; V. 99, p. 1376.
.132
$92,594,323
$97,411,4418101,556
Total gross earnings
READING CO., &c.-In 1901 $68,565,000 (virtual control) of the $140,72,054,892 73,779,638 64,709.538
000,000 Reading Co. stock, consisting of $12,130,000 1st pref.. $28,530,000 Operating expenses
2d pref. and $27.905,000 corn., was acquired, the Lake Shore & Michigan
$25,356,549 827.776,494 827,884,785
Net earnings
Southern By. Co. taking one-half. In 1904 the B. & 0. and L. S. & M.S.
21,244,837 23,941,278 24,434 900
Operating income (after taxes)
each sold $3,950,000 of the common. V. 76. p. 101; V. 80. p. 1856.
6,017.719
5,212,206
4,342,892
UNION PACIFIC INTEREST.-In 1914 the Union Pacific distributed Other income
most of its B.& 0. holdings among U. P.stockholders. V. 99, p. 195.
,777$42
$28
$27.262,556
829.153,484
income
net
Total
$18,061,989 $15,771,372 $14,837,391
STOCK.-Pref. stock, see V. 71. p. 1166, 1143; V. 72. p. 1186.
Interest, rents, &c
(4%)
2,355,059
stock
2,354,634
2,354.891
preferred
on
Dividends
1900. 1901-1904. 1905. 1906. 1907-1914. 1915.
DIVIDENDS9,121,073
stock (6%)--- 9,118,762
9.120,976
2
4 yearly.
434
534 6 yearly. Mar.234 Dividends on common
Common (%)
4
4 yearly.
4
4
4 yearly. Mar.2
Preferred
$2,421,928
df.$2,272,829
$1,858,383
surplus
Balance,
In March 1915 the semi-annual dividend was reduced from 3% to 234%.
Willard. Chairman: Oscar G. Murray.
• Executive Committee--Daniel
V. 100, p. 228.
Pres., Daniel Willard. 1st Vice-Pros., Geo. F.
BONDS.-(1) Prior Lien 334%, a first lien on main line and branches, L. F. Loree, E. R. Bacon;
G. M.Shriver; 3d Vice-Pros., Arthur W.ThompParkersburg branch and Pittsburgh division, about 1.022 miles of first track Randolph; 2d Vice-Pres.,
third and fourth tracks and sidings, and also all son; 4th Vice-Pros. & Treas., J. V. McNeal; Sec., 0. W. Woolford.
and 1.675 miles of second,
Robert Garrett, Felix M. Warburg, Oscar
hereafter acquired. Total auth.. $75.000,000. See
Directors.-R. Brent Keyser,
the equipment now or69. p.30; V.78.9. 1906; V.86,
W. Averill Harriman, John R. Morron. Edward
9. 1528; V.86. p.36.
Cl. Murray. James Speyer,
V.
list.
to
application
Charles A.Peabody,John D.Shedd. N. Y.office.
Lore°,
F.
L.
Bacon,
R.
July 11948; a first lien on the Philadelphia.
p. 228. 307.)
(2) First M.4% Bonds, Due
and branches and the Fairmont Morgantown & 2 Wall St.-(V. 100.
Chicago and Akron divisions
BALTIMORE & OHIO CHICAGO ITERMINAL RR.-Property con579 miles of first track and about 826 miles
Pittsburgh RR. covering about
freight terminals in city of Chicago. lines of railway
fourth tracks and sidings; also on the B. & 0. Terminal sists of passenger and
of second, third and
., subject to „prior mtge., leading thereto and a belt line around the city: also 760 acres of land in
RR. Also a lien
property and the Baltimore Belt
of which 50 acres are In the centre of the business
city,
the
to
and adjacent
69, p. 30; V. 79, p. 211, V. 97. p. 297, 594.
7.500 feet of dock property on Chicago River. Nearly
upon main line, &c. V.
5000
:000 district; also includes
$49,975,000 issued at reorganization)--$165,000,000
upon
which tracks have been built. Is owned In fee;
that
including
Total authorized (incl. retire prior Hen bonds
1925
75.000.000
all land,
7 in.;
Of which reserved to
Track owned.84 m.: leases from Chicago Junction By.11 m.; trackage.
extensions, additions or equipm't
track. 69 m.: sidings, 118 m.; total all tracks. 289 miles.
Issuable for betterments, a year
2d
'
m.;
101
total,
10.000.000
in
foreclosed
to
Chicago
RR.,
Transfer
Terminal
-Successor
at not over $1,000,000
Lien
first
HISTORY.
a
1st M. 334s. Virtually
(3) Southwestern Division
1910. V. 90. p. 166, 100. 235, 625. Stock. auth. and issued. $8.000,000.
system,922 miles of let track d
$100.
upon former B.& 0.8. W.
Par.
O.:
&
B.
by
owned
issued
all
45.000.000
All
543 miles of 2d track and sidings.




FEB., 1915.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c.,see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

17
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

$100 13.448 600 See text Semi-an Jan 16 1915 1% Checks mailed
Bangor & Aroostook-Stock $5,000.000 auth
Guar Trust Co, New York
1.000 3.360 000
5 g J & J Jan 1 1943
211 1893
First mortgage ($16,000 per mile) gold__(Lazo*
do
do
5 g I & 1 July 1 1945 .
106 000
1.000
211 1895
Usmxx
Second mortgage gold
do
do
Jan
1
1943
0
A
&
5
g
000
1,500
1.000
1899
77
(1.xxo•
First mtge PiscataquIs Div 11.500.000 g
do
do
5 g A de 0 Jan 1 1943
500 000
1.000
33 1899
V Bur Ext 1st M 1500.000 g (V 69. p 952)-0.xxo*
do
do
5 g A & 0 Oct 1 1947
225 000
1.000
Aroostook Northern 1st M 1225.000 gold G.xxe• 1534 1897
N Y
Co.
Bros
&
Brown
1951
000
8,431
July
1
J
&
.1
4
g
1.000
1901
412
Censel refunding mtge $20,000,000 gold...A:16.x°'
do
do
5 g M & N May 1 1937
1.000 1,000 000
28 1907
Medford Ext 1st M 11.000.000 g(V84.p692)Us.xxo•
do
do
5 g F & A Aug 1 1939
1.000 1,650 000
55 1909
Washburn Ext 1st M g(V 90,p 84_ „8 913)-Ce.c*xx&r
do
do
F & A Aug 1 1939
5
1.000 1.800 000
60 1909
St Johns Riv Ext 1st M 11,800.000 gnu Ce_c•xx&r
Fourth Nat Bank, Bost
228 000
1,000
434 J & I July 1915
1895
Aroostook County bonds (assumed)
Ins,&c.Phlla
for
Co
Penn
135
To
June
1
1916
J
&
D
5
g
000
1.000
1906
s-aPePirc•
Car trusts Ser C gold guar due $45,000
do
do
5 g A & 0 To April 1 1917
225 000
1,000
1907
PePxo*
Car trust Ser D g gu $45,000 due s-a
do
do
A & 0 To Oct 1 1921
5
88 000
1,000
1911
Car trust Ser E g due $12.000 or $13,000 yrisr - PePx
Co.
N1
Bros
&
Brown
1.000
Apr
1
1935
A
&
0
5
g
000
4.720
1905
54
Nor Me Seaport 1st M gnu p dr I end-- Usm.csair
U S Mtge & Trust Co
6 g M & S Sept 1 1934
250 000
1,00
1914
Van Buren B'ge 1st M g gu p&I end red text Usm.c*
Vert
New
Si,
Church
50
June
1
1919
.1
&
D
5
000
100
1.000
1889
10
z
Bath & Hammendsport-Mrst mortgage
de
do
1.000
A & 0 Apr 1 1923
5
200 000
10 1893
.z
Second mortgage
Bk of Mont, Tor,or N Y
1.000 • 830 000
5 g J & J2 Jan 2 1927
1902
Bay of Quinte Ry-1st M gold a f red 105 text-1.000
71 Broadway, New Yorl
5 g .1 & 3 July 1 1939
883 000
-1§ 1909
Beaum't & Gt Nor-lst Mg $17.500 pm red 10234-0
8,000 000
5
4
Q-J Jan 1 1915 1% Grand Cent TerminaLN1
165
Beech Creek-Stock (guaranteed 4% by endorsement)
do
do
4 g J & J July 1 1936
1.000 5.000 000
165 1886
First mortgage gold guar p & 1 (endorsed)Col xo&r
do
do
5 g I & J July 1 1936
1.000 1.000 000
165 1892
Second M for $1,000,000 g guar P & I (end)_Un.xo&r
Grand Cent TerminaLNI
3.500 000
334 it A & 0 Apr 1 1951
69 1901 1,000 &
Beech Creek Exten-1st lki 14,500,000 g gu p & 10.x0•
do
do
Apr
A
&
0
4
g
000
3.964
1.000
&
1
1955
1905
131
1(1.c•&r
p&I
Beech Creek °onset M 120,000,000 g gu
5g J & D Deo 1 1932
619 000
1.000
U S M & Tr Co, NY;& SI
1901
Bellingh & Nor-B B & B C 1s154 $1,000,000 get _z All
5
1,500 000 See text See text Jan 1 1915 3% Coli office, Indlanapolt
Belt RR & Stk Yd, Ind-Stook auth $2,000,000
do
Q-J
do
Jan
1
6
000
500
1915
5
134
Preferred stook cumulative
4 g It & N May 1 1939
Nat City Bank. N Y
1.000 1.000 000
No§
xo*
1st refunding Al $1,000.000 gold
J
&
J
Mercantile
Tr
&
July
1
1945
5
000
300
DeD.Bal
1.00
1895
"if;
gpld--MeBa.xo
•
Belt Ry of Chattanooga-First mtge
5 g I & J July 1 1941
225 000
Safe Den & Tr Co,Bait
1.000
1911
Belt Line Ry, Montgomery-1st M gold $300.000X___
1.253 000 6 in 1913 See text Dec 31 '13 6% Broad St Station. PhIli
5
Belvidere Delaware-Stook $4,000.000
do
&
S
do
Sept
1
M
4
1925
000
500
1.000
1885
81
Consolidated1guaranteed by United Co's sk td - _xr
do
F & A Feb 1 1927
4
do
749 000
1.000
81 1887
mortgage guaranteed by United Co's sk td __xr
do
Jan
J
.
&
J
4
do
1
1933
000
364
1.000
1893
81
__xr
td
by
sk
reduced
Issue $600,000
of 1875
834 itF & AFeb 1 1943
972 000
1.000
do and Bk Gom.N1
81 1903
$4.000.000 guaranteed by United Co's sk fd_xc *
5 g 3 & J. Jan 1 1941
Mere Tr & Den Co, Bait
150900
1,0
45 1911
Bennettsville & Cheraw-lst M $150.000 g--MeBa
M & S Itch 1 1922
5
1.000 1.220 000
Home Tr Co. Hobok, N ,
1902
x
Bessemer & Lake Erie--Erie equipment trust
do
do
1.060000
A & 0 Apr 1 1925
5
1,000
1905
x
Standard equip trust
do
do
M di S Mob 1918-1927
5
1.000
1.100 000
1907
Bessemer equipment trust. due 3110.000 yearly. _x
(In
tin
Any
1
1010
A
&
0
5
800.000
1.000
Conneaut equip ($40,000 Nat Eq 5s due May 1915)
TENANTS.-Balt.& Ohio, Chicago Great Western. Chicago Hammond 28.27 in.; total,1136.61 miles. A low-grade coal 1 ne, leased to N.Y. Cent.
(which owns entire $5,179,000 stock and 83.964.000
& Western Ry:(Indiana Harbor Balt), Suburban RR. (Chicago & West & Hudson River RR.
Towns), Pere Marquette and Chicago Terre Haute & South Eastern By. consol. 4s) for 999 years from June 1 1905. bonds being guar.,p.&I. Ofthe
reserved to retire, $ for 1. old bonds. V.80.p.1174.
consols.
$3,500,000
is
named
became
a
The
last
and Minneapolis St. Paul & Sault Ste. M.
tenant Dec. 9 1914. See V.77, p. 948, 2158; V. 79. p. 901; V. 96, p. 486 1479: V.81. p. 30; form of guaranty. V. 82. p. 1267.-(V. 82. p. 1267.)
2084.
annually.
V.
79,
p.
$1,105,325
rentals
from
tenants,
minimum
Total
BELLINGHAM & NORTHERN RY.-Bellingham to Glacier. Wash..
BONDS.-01 the 1st M. bonds of 1910. 132,000.000 issued as series A 45 44.16 m.: branches, Hampton to Lynden. 5.31 in.: Bellingham to Squallwere given to the Balt. & Ohio to represent the cost of the property. cum, 5.81 m. Acquired by Chicago Milw. & Puget Sound By. in Mar.
improvls
when
required
for
be
Issued
to
$1.000,000 additional series A 4s
1912. V. 95, p. 1121. Stock, $1,200.000. Year ending June 30 1914.
and $1.200.000 reserved to retire the old bonds and $15,800,000 for extens.. gross, $331,205; net income, $112,613; int., rentals, &c.,249,902; bal., sur.,
$62.711.-(V. 95, p. 1121.)
Impts. and equip, to bear not over 434% hit. V. 90. p. 1295.
net,
$112,REPORT.-Fer year ending June 30 1914. gross. 81,594.454;
BELT LINE RY. OF MONTGOMERY.-Owns real estate and a belt line
200; other income, $1,190,205;•lint., rental. &c., $1,464.236; bal., def., In Montgomery, Ala., about 1 mile of track on Tallapoosa. Bell, Perry and
$161,831. In 1912-13. gross, $1,794,351; net. $192,456; other income, Columbus streets. Atlantic Coast Line RR. pays an annual rental equal to
$792.818.-(V. 90,P. 1295; V.92, p. 1031; V.95, p. 1272; V.96. p.486.)
bond interest and difference between taxes, insuranee and cost of operation
others than the Atlantic, Coast Line. Atlantic
BANGOR & AROOSTOOK RR.-Oldtown, Me., northerly to Van and gross earnings from
Coast Line RR. owns majority of 8200,000 stock; par. $100. V. 92. p.
Buren, with branches; total June 30 1914. 630.5 m.(573.5 owned in fee).
Year
ending
June 30 1914, gross,$20,069; net.$11.250:
p.
43.
V.
93,
construction
1242;
Bridge over St. Johns River at Van Buren, Me., is under
at cost of about $250,000, giving connection via Grand Trunk and Interna- Int. on bonds. $11.250; bal., none.-(V. 93. p. 43.)
97,
p.
116.
Canada.
V.
tional By. of Canada, with a rie.h lumber region in
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.-Owns 14
of belt road. &e. Leased for 999 years to /nd. Union-which see.
ORGANIZATION.-See V. 66. p. 855. Owns entire stock of and leases miles
DIVIDENDS-Common J1908. '09. '10. 1911. '12. '13. '14. 1915
for 999 years Northern Maine Seaport RR.. La Grange to Searsport,
Since
1907
%I 12 6 6 3&50stk 10 13 14 Jan 3
84.
p.
693.
miles.
V.
1549;
V.
81.
p.
54,1
July, 3% (semi-an.)
STOCK.-In Nov. 1914 was authorized to increase the stock from $3,- In 1914. Jan., 4%; April. 5%;
Mortgage trustee, Union Trust Co., Indianapolis. V. 89, P. 40: V. 92
198,600 to 85.000,000. Of the new stock $250,000 was offered to stockIndianapolis,
Ind.-(V. 98, p.72, 1070.)
Rauh,
Pres.,
S.
E.
p.
1242.
Buren
Van
construction
of
the
holders and issued in connection with the
Bridge, making total amount out $3,448.600. V. 99, p. 1450.
BELT RAILWAY (OF CHATTANOOGA, TENN.)-Owns 49 miles of
67,
p. 72.
Tenn.
V.
Chattanooga,
belt railroad In
'DIVIDENDS- 1904. 1905. 1906. 1907 to 1912. 1913. 1914. 1915.
Leased till July 1 1945 to Alabama Great Southern RR.; rental guaran334 Jan., 1
3
4 yearly
134
2
Per cent
3
bonds,taxes and maintenance. STOCK
first
mtge.
Interest
on
teed
to
meet
BONDS.-Pistiat. Div. 5s, see V.67, p. 1159; V.68. p. 84, 329. Of the Is $300.000.owned by Alabama Great So. By. There are also 524.000 2nd
oonsol. ref. gold 4s, $12,500,000 were reserved to pay off the outstanding income M.48(tax-free).due 1945.red,at par,Int.at4% paid in full to 1914.
bonds, Including those of controlled roads, car trusts and pref.stock.and to
BELVIDERE DELAWARE RR.-Owns from Trenton, N. J.. to Ma acquire such controlled roads; 13,000.000 for improvements over a series
of years and $4,500,000 for extensions at $25.000 per mile, including equip- nunka Chunk, N. J.. 67 miles; Flemington RR., &e., 14 miles; total operment. V. 73. p. 286, 896; V. 74, p. 93. The Northern Maine Seaport ated. 81 miles. Leased to United Companies, and transferred to Pennsylbonds ($5,000,000 auth.) are guar. p. & I. in hands of public, 24,720,000. vania RR. March 7 1876. Net earnings paid as rental.
Dividends.-1897 to 1906,5% yearly: 1907 to 1908. 10% yrly.; 1909.
V. 81,p. 265; V. 82, p. 392; V. 84. p.391 692;form of guar., V. 81. p.727.
The Van Buren Bridge Co. bonds are subject to call, all or any part, on and 15%; 1910. 10%; 1911. 10%; 1912,7%; 1913,6%; 1914, none.
04BONDS.-All of the outstanding bonds are secured by the consolidated
after Sept. 1 1916 at 110 and int. V..100. p. 311.
The St. John River Extension 1st 55 of 1909 (11.800.000 auth. Issue), mortgage of 1875 for $4,000,000; sinking fund, 1% of outstanding bonds If
earned. The lefties of 1885, 1887 and 1903 are guaranteed by the United
guaranteed. prin. & int., were issued at $30,000 per mile. V. 93. P. 939.
In May 1914 $1,250,000 one-year 5% gold notes were authorized, of New Jersey RR. & Canal Co. Guaranty, V. 76. p. 918.
EARNINGS.-In 1913, gross, $2,062,661; otter. def.. $65.692; other
which $1,000.000 was sold.
The Aroostook construction co., which owns control, has made an issue income,$60,816; hit., taxes, die.,sinking fund and other charges,$196.846.
of $2,500,000 5-year collateral trust 5% gold notes dated May 1 1912, of add'ne & betterm'ts. $87,205; def.. 8288.928. Div.. 875.710(6%). charged
which 11,915,000 have been issued to fund floating debt of the Bangor & to profit and loss.-(V.98, to. 154; V. 100, p. 228.)
BENNETTSVILLE & CHERAW RR.-Owns Kollocks. S. C.. on SeaAroostook RR. and the Aroostook Construction Co. The notes are secured
board Air Line. via Bennettsville and Brownsville, to Sellers on Atlantic
by $1,350,000 B. & A. RR.cense'. 4s and /2,156,500 stock and 1.918 shares Coast
Line. 45 miles. Purchased by present owners about March 1907.
of Northern Telegraph Co.stock. V.94. v. 1332: V.95. p. 237.
Stock, $250.000. Dividends in 1912. 6%; 1913, 3%. Bond sinking fund
Gross, $1,703,880; net, $507,136 13,000
LATEST EARNINGS.-J1914
yearly. V. 92. p. 116. Year 1913-14. gross, $100,725: net after
1,782,317;
net.
$613,828
Gross.
31.11913
Dec.
1
to
6 mos., July
taxes,$37.182; int.'on bonds.Sm.. 818.657; dive.(5%). $12,500; bal., sur.,
Deficit after charges in 6 mos. of 1914, $53,344, apt. sur. $50,170.
$6.025. Pres., 1. I. Hecker:-Sec. and Treas.. Geo. BurchM. Office.
ANNUAL REPORT.-Report for year ending June 30 1914, in V. 99. Bennettsville. S. 0.-(V. 92. p. 116.)
other income, $172,BESSEMER & LAKE ERIE RR.-Leases Pittsburgh Bessemer & Lake
p. 1290, showed: Gross, $3,795,412; net $1,383,523;
bal., sur.. $93,780. Erie RR. Bessemer, near Pittsburgh, Pa., to Conneaut Harbor, Lake Erie.
051; charges, $1,349.844; dividends (3.441),1 $111,951;
branches and spurs a total of 241 miles,for 999 years. from Apr. 1
'
In 1912-13, gross. $3.252.421; net, 81.0, 3,325. Pres.. Percy R. Todd. &o., with
1901: owns9 miles; total,250 miles. V.72, p. 137. Stock. auth.. $500.000.
-(,r, 99, p. 303; V. 99, p. 269, 673, 1290, 1450; V. 100, p. 138.)
to Florence, 231m. Dividends paid: In 1904. 100%; 1905, 50%; 1906. 40%; 1909. 150%; 1910.
BARTLETT-WESTERN RY.-Owns Bartlett, Tex.,proposed
In May '12 100%; 1911, 150%; 1912, 250%; 1913 and 1914. 200%. Controlled by
Incorp. in Texas in 1911. V. 92. p. 1700. Extension
Mgr., Carnegie Co. and so by U. S. Steel Corp. Guaranty on Marquette &
from Bartlett to Cameron,32 miles. V.94, p. 1382. Pres. and Gen.W.
-W. Bessemer Dock & Navigation bonds. V.77, p. 1228; V. 76, p. 1358; V. 82,
J. W.Jackson, 1st V.-P., W.J. Cagle; 2d V.-P., J. L. Bailey; Sec.,
p. 160. For year ending June 30 1914 (204 miles), gross, $8,488,873; net,
Walton; Treas., 0. 0. Balley.-(V. 94. p. 1382.)
$2,691,886; other income, $149,783; int., taxes. Am, 22,270,605; bal..
Hammondsport,
Y.,
to
N.
BATH & HAMMONDSPORT RR.-Bath,
surp.,
$571,064.-(V. 94, p. 1694.)
N. Y., 10 miles. Control acquired by Erie RR.in 1908. Stock. 1100.000.
BINGHAM CENT. RY.(V.98,p.1607).BING.& GARP.RY.(seep,140)
Year ending June 30 1914. gross,$41.388: net.$5,865; other income. 1380;
BIRMINGHAM
& ATLANTIC RR.-Talladega to Coal City. Ala., 31
int., taxes, &c.,$21,330; bal., def.. $15,085.-(V.79.1).1954.
miles; branches. Rogans to one beds, 9 miles. and Furnace to
BAY OF QUINTE RY.-Owns Deseronto to Bannockburn. Ont.. 75.40 3 miles; total, 43 miles. Stook, $1,000.000, all common; parWeisingers.
of shares.
miles; Yorker to Sydenham, Ont., 10.60 miles; trackage (Kingston & $100. Bonds. 3500.000 40-year 1st 6s. due Nov. 1 1931 ($1.000
each);
Pembroke Ry.), Harrowsmith to Kingston, 19 miles; total, 105.00 miles. int., payable M.& N., in default.
Year
ending
June
30
1914.
gross.
$23.corn..
In 1912 Can. Nor. By. acquired control. V. 98, P. 1601. Stock,
936; op. def.. $8.666; other income. $2; int. taxes,
$45.340; bal..
$930.000; pref.,6% non-cum.,$465.000; par $50. Divs,on corn. 1907 and def., $54,004. In 1912-13. gross, $23,345;
ter. def..
&c.'
14.532. Pres..
1908, 3%; pref., 6%. Of the bonds $70.00ö are reserved for extensions at Sidney H. March:S.
ec and Treas.. W.J. Kings ury. 25 Broad St., N.Y.
210,000 per mile. Cunt.sinking fund.$10,000 yearly,redeems each 5 years
BIRMINGHAM & NORTHWESTERN RV.-Jackson. Tenn.. north$50,000 ponds by lot at 105; 850,000 retired in 1907 and 1912. For year westerly
to Dyersburg. 49 miles. Entire stock (1300,000) and bonds
end. June 30 1914,gross, $202,375; op def,$3,863; int.,taxes,&C., 268,874: ($800,000)
are deposited as security for $450,000 3-year collateral trust
bal., def.. $90,737. Pres., l. W. Rathbun; Asst. Sec., R. L. Ormsby; gold notes of
the him. & Northw. Co. (of Dela.), guar. prin. & int. by
Treas.. L. W. Mitchell. Office, Deseronto. Ont.-(V. 97. p. 205. 629.)
Mercantile Trust Co. of Jackson, Tenn. V. 96. p. 1295. Year 1913-14.
BEAUMONT & GREAT NORTHERN RR.-Owns Livingston. Tex.. gross, $127,940: net, $56,540; bond int., 240,571; bal.. sur.. $15,969.
Missouri
Weldon,
by
to
49.3 miles. Stock. 150,000. all acquired in 1912
Pres., A. B. Tigrett; Vice-Pros,, C. W. McNear; Sec.. R. F. Spragins
Kansas & Texas By.. which guaranteed the bonds, principnl and interest, Treas., J. E. Edenton. Office, Jackson, Tenn.-(V. 96. P. 1295)•
M. K. & T. By. of Texas leases road for 99 years from maY 1 1914 and
BIRMINGHAM Sc SOUTHEASTERN RY.-Owns Union Springs to
ending
has authority to purchase the same, &c. V. 98, p. 999. For year
Eclectic, Ala., 48
V. 94, p. 1316. Stock, 1700,000. First 6s of
May 1. 1914, gross, $111,397; net income $38,642; charges, $77,729; bal- 1911. V.93, p. 43: miles.
V.94,D. 1316. Year ending June 30 1914. gross, $135,ance, deficit, $39,087.-(V. 95, p. 1121.)
604; net income,$51.738; int., taxes, die., $49.705: bal.,sur.,$2,033. Pres.,
BEECH CREEK RR.-(See Maps N. Y. Central & Hudson River RR.)-- W. M.Blount, Union Springs, Ala.-(V.94, p. 1316.)
ROAD.-Jersey Shore, Pa.. to Mahaffey. 112 m.; branches to Phillipsburg.
BIRMINGHAM TERMINAL CO.-Owns passenger terminals at Birmingto mines, &c., 53 in.: total, 165 miles. Leased in 1890 to N. Y. Cent. & ham, Ala. Stock all owned by the Illinois Central, Southern By., Seaboard
Hud. River RR.for 999 years at int, on bonds and 4% on stock, and since Air Line, Central of Georgia, St. Louis & San Francisco and Alabama Great
May 1 1899 operated directly as apart of its Pennsylvania division. V.68 Southern, which lease the property and pay all expenses, charges and 4%
V. 52, p. 570. Th
p. 872. Carries mostly coal and coke. See
dividends on the stook and jointly guarantee the bonds. Of the bonds
guaranty'of prin. & int. See ($3.000.000 authorized). 81.060,000 are reserved for additional properties.
bonds are endorsed with N. Y. Central's guaranty
V.52. p. 570. Guarantees interest on $717,700 Clearfield Bituminous Coal V.83. p. 1227: V.85. p.404. Guaranty, V.90, p.848.-(V.90. P. 848.)
lit 4e due Jan. 1 1940-see that Co. under "/ndustrials."-(V. 75. P.1398.)
BLOOMSBURG & SULLIVAN RR.-Owns Bloomsburg to Jamison CIO.
BEECH CREEK EXTENSION RR.-(See Maps N. V. Cent. & Hud Riv.) Pa.. 29 miles. Stock Is 5600,000; Par, 850. V.66. P. 80, 952. Year
to
-Clearfield. Pa.. to Keating. 52.14 m.; Curry to Curwensville. 15.77 m.: June 30 1914. gross. $88.775: net. $31.185; other income. $424: charges,
Dimeling to Irvona, 26.76 in.; Mahaffey to Arcadia, 13.67 in.; branches, $39,160; bal.. def., $7,552. In 1912-13, gross, $107,057.-(V. 66. D.
952.)




18

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, ae., see notes on first page]
Bessemer& L E(Con)-MeadvIlle eq tr due 455.000 yly x
Albion eq tr due $75,000 yrly to 1932
x
Bing & Gar-1st M g gu red 110 cony to July 1 '14..--x
Birmingham Belt-See St Louis & San Francisco
Birm & N W-B & N coil tr g notes red 101_CCx
Birm'h & Southeas-lat M $3.000.000 g red 10734-Cex
General and eqt M gold red 101 81.500,000_ -Col
Birmingham Terminal-lst M $3.000,000 gold guar x
Bloomsburg & Sullivan RR-lst IL
FPx
Second mortgage income non-oum $200.000--FPx
Boca & Loyalton-First M $675,000 gold call 110-xo*
Boonville St L Cc South Ry-lst Mg gu red 107 34--Eg
Boston & Albany-Stock ($30.000,000 authorized)_ -Bonds (not mortgage) guaranteed prin and Int___zo
Bonds (not M)$1,000.000(V 71.9 1218'1V 72.p44)-z
/mPt bds (not mtge) 14.500.000 due 1934 MI p6 1-z
Impt bonds (not mtge) 11.000.000 guar. p. & 1 z
do
do
do $2,015,000 gu p&i_zc*&r
Bonds (not mortgage) $3,627.000,guar p&i_zc*&r*
Boa & Low-Stk auth ($7.679.400)
Bonds:40 yearsnot mortgagez__ See description
Bonds 20
do
do
z__ In "Investors'
Bonds do
do
do
z____ Supplement"
Bonds do
do
do ze____ of April 1895.
Bonds do
do
do so% ___ p. 2.
Bonds do
do
do
z____ Boston &Maine
Bonds do
do
do
z____ gives a rental
Bonds do
do
do
zo____ guaranty tor99
Bonds do
do
do
z.___ years.
Bonds do
do
do zco____
Bonds do do
do
Boston & Maine-Stock, common and scrip
Preferred stock 6% non-cumulative
OR
improvement bonds s f not mortgage or subjto call
_z
Bonds (not mortgage) for improvement & ref_mkt'
Bonds (not mortgage) gold
zo&r
Bonds exchanged for Fitchburg stock(V 70.p 175)-z
Bonds (not mortgage). $1.000,000
z
Bonds $2,000,000 (not mortgage)
z
Bonds (not mortgage). 20-year
z
Bonds (not mtge), cur
zo&I

Miles Date
Road Bonds
- -- 1911
1912
91 1910

Par
Value
$1,000
1.000
500 63c

Rate
%

When
Payable

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

$550,000
950,000
47.000

5
M & S Mch 1922-1932 HomeTrCo.Hoboken,NJ.
J 86 D June 1923-'34
5
do
do
6I .7 & J July 1 1920
Guaranty Trust Co. N Y
--- 1913
1,000
450,000
M & 8 Mar 1 1916
8
Cont & Cora T&SBk.0121
4.8 1911
100 &o
6 g M & N May 1 1961
511.000
Central Trust Co, N Y
48 1914
100
6 g F & A Feb 1 1924
155,000
Columbia Trust Co
5.9 1907
1.000
4 g hi & S Mob 1 1957
47,000
Equitable Trust Co. N IT
29 1898
100 dm
5
256,100
J & J Jan 1 1928
F / T & S D Co, Phlla
29 1898
100 &i,
199.600
J & J Jan 1 1928
5
Reg Bloomsburgh.wh ear
56 1903
1.000
6 g A & 0 Apr 1 1923
418,000
U S M & Tr, N Y;65 P
--- 1911
1.000
5 g F & A Aug 1 1951
500,000
New York
392 -___
100 25.000,000 See text Q-M Mch 31 '15, 2% Offiee. Term Stat'n, Bost
--- 1902
1.000 3.858.000
3% A & 0 Apr 1 1952
do
do
--- 1901
1.000 1,000.000
334 .I & 3 Jan 1 1951
do
do
-'08-'10
1.000 13,500.000
M & N May 1 '33-34-35
4
do
do
--- 1912
1.000 1,000,000
434 J & J July 1 1937
do
do
..... 1913
1,000 2,015.000
J & J July 1 1938
5
do
do
--- 1913 1.000 &c 3,627,000
A & 0 Oct 1 1963
5
do
d
100 7,679,400
3 & J Jan 2 1915 4% At Office, Boston
8
--- 1892
1.000 1,000.000
A & 0 Apr 1 1932
4
March Nat Bk, Boston
..-- 1896
3 & .1 July 1 1916
1,000
4
750,000
do
do
--_ 97-'98
1.000
4
414,000
A & 0 Oct 1917 & 191:
do
do
--- 99-01
1.000
334 J & J 1919 & 1921
939,000
do
do
--- 1903
1.000
250,000
334 M & N May 1 1923
do
do
-- 1905
1,000
314 M & S Sept 1 1925
500,000
do
do
_-_ 1906
1.000
500,000
M & N Nov 1 1926
4
do
do
--- 1907
1.000
325,000
3 & J July 1 1927
4
do
do
--- 1909
1,000
A 63 0 AprIl 1 1929
4
350.000
do
do
--- 1913 1.000 &c 1,000.000
do
434 F & A Feb 1 1933
do
--- 1915
M & 8 Marl 1934
1,000 See text
do
do
100 39,505,391 See text 0-3 Apr 1 1913 1 At Off. Causeway St..Bos
-------100 3.149,800 See text M & S Zilch 1 1913 3%
do
do
--- 1887
1.000 1,919,000
F & A Feb 1 1937
do
4
do
1892 .000 sic 2.500,000
F & A Aug 1 1942
do
4
do
__ 1894
1.000 6,000,000
434 g .7 63 d Jan 1 1944
do
do
--_ 1900
1.000 5,454,000
3 g J & J July 1 1950
do
do
1901
1,000 1,000.000
314 it & N Nov 1 1921
do
do
1903
1.000 2,000,000
314 I & J Jan 1 1923
do
do
1905
1.000
500,000
do
3% F & A Feb 2 1925
do
-__ 1906 1.000&o 10.000.000
M & S Sent 1 1926
4
do
do

BOCA & LOYALTON RR.-Owns from Boca, on Centre Pacific main
line, northwesterly via Loyaltoo, to Beckwith. 40 miles;
6 miles additional
main line and 10 miles of branches; total, 56 miles. The
Denver & Rio
Grande June 30 1914 owned 61% of stock.
Stook. 11.200.000; par of shares. $15. Bonds
also Roberts Lumber
Co.'s property, comprising 52.769 acres of pinecover
lands, water-works. eco.
Mercantile Trust Co. of San Francisco Is mortgage trustee.
They are subject to call for sinking fund at 110 and interest. V.
76. p. 1191. For year
ending June 30 1914, gross. $74,704net. $9,034; other
$3,681; int.,
Income,
&c., $65,050; bal., def., $52,334. In 1912-13, gross, $92.434; net,
$20,948.
-(V. 81, p. 667.)
BOONVILLE ST. LOUIS & SOUTHERN RV.-Boonville te Versailles.
Mo., 44 miles. In June 1911 sold to Missouri Pacific, $500,000 1st 5s,
being guar., prin. and int. V.93. p. 285. Stock. $250.000;
par of shares.
$125.-(V. 03, p. 228. 285; V. 95, p. 968.)
BOSTON & ALBANY RR.-Owns from Boston, Mass., to Albany. N. Y..
200 miles; branches, 104 miles; leased lines, 88 miles; total. 392 miles.
Leased in 1900 for 99 years to the New York Central & Hudson River RR.
for guaranteed rental of 8% per annum on the $25.000.000 stook, payable
quarterly (Mob. 30. &c.), organization expenses, Interest on bonds, taxes,
expenses of maintenance, &c. The B & A. received for certain property
not Included in the lease $5.500,000 in N. Y. Central 334% 100-year debentures, thus adding .77% per annum to 854% guaranteed on stock. See lease
in V.69.P.282: V.69. p. 1061. 1102, 1246: V.70. p.74: V.71. p.646. 963.
The arrangement of the N.Y.N. H.& Hartford for trackage rights over
the road made in July 1911 and for a half share in the net results of opera,
thin was canceled as of Jan.31 1914. V.98.p. 154: V.92.p. 1177. In Oct.
1912 the New Haven and N.Y.Central made a joint arrangement to provide for about $6.000.000 equip. for Boa.& Alb. V.95. p. 1039. 1332.
BONDS.-The 811,500,000 25-year 4% Impt. bonds are guar. prin. and
Int., by New York Central & Hudson River RR. No mortgages can be
placed on the property without jointly including the bonds in the lien.
V.86. p. 1099: V. 89. p. 102: V. 91. P. 396. In June 1912 sold $1,000,000
25-year 434% bonds. V. 94, p. 277. 1055, 1316. 1625.
In July 1913 sold $2.015.000 25-year 5% bonds for Manta. and $3.627.000
50-year 5s dated Oct. 1 1913,to refund 4s due Oct. 1, both guar., p.&i., by
N.Y. Central. V. 96. P. 553, 651. 946. 1365. 1489. 1838; V. 97. p. 1838.
EARNINGS.-I2 mos.,11914
Gross, $16.491,442; net, $4,180,291
Jan. 1 to Dec. 31.
Gross, 17,719,564: net, 4,568,141
11913
DIVIDENDS.-Since 1900. 83(%. viz.: 2% each In March and Sept..
234% In June and 23.1% in Dec.
EARNINGS as reported to State Railroad Commission by lessee;
Year
Operating
Oper. Inc.
Other
Interest,
Balance,
June 30Revenues. (after Taxes). Income. Divs., &c.
Deficit.
816,835,041 $3,403,847 $356,055 $4,543,460
1913-14
$783,558
1912-13
16.957,367
266,497
4.118,838
4,590,173
204,838
-or.97.P.886. 1356; V.98, p. 154; V.99, p. 536, 1831; V. 100, p. 228.)
BOSTON & LOWELL RR.-ROAD.-Owns Boston to Lowell, 26 miles:
branches-Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others. 45 miles: Middlesex Central. 11 miles; leases-Connecticut & Passumpslo, 146 miles; Nashua & Lowell, 15 miles; Peterborough. 10 miles;
Northern N. H.,83 miles (and subsidiary lines 90 miles); Stony Brook RR.,
15 m.: Wilton RR., 13 m. Leases mostly assumed by Boston 63 Maine.
which has authority to purchase stock. V. 92, p. 1108; V. 93. p. 939.
Leased in 1887 for 99 years to the Boston & Maine at
per annum on
stock till Jan. 1 1897 and 8% thereafter. V. 95, p. 1330.7%
The stockholders
on Jan. 6 1915 authorized$S700,000 20-yearbondsto retire
$500,000 4sdue
March 1 1915 and for other purposes; also $135,000 notes lately
turned over
to the Boston & Maine. Short-term notes (3500,000) will, however,
be
Issued for the present to retire the bonds.
V. 99. p. 1831; V. 100, p. 138.
-(V. 100, p. 138.)
BOSTON & MAINE RR.-ROAD -The system with its many branch
lines covers the territory from Boston, Mass.,
to Portland. Me.(two lines).
Springfield, Mass., Sherbrooke. Can , Rotterdam
Jot. and Troy. N. Y.,
Worcester. Mass.. to Portland. Me.. and most of New
Hampshire.
Lines owned.
Miles.
Lines leased-(Concluded). Mites.
Boston. Mass.. to Rigby, Me..
Fltcnnerg
a458
Dover
via
111 Nashua & Lowell
alb
Boston to Portland, via Portsm. 105 Connecticut
RR
a81
Jewett, Me.. to Interests, N.II- 73 Other
River
39
Portsmouth Electric By
18
29
Portland Jot.. Me., to WorcesTrackagerig12"
"
ter. Mass
139 Total operated July 1 1914
North Cambridge to Northamp211 track (3d & 4th track, 10)2,302
591
ton, Mass
96 Controls:
Sundry branches
183
St. Johnsbury .S3 Lake Champ. 125
Lines leased. a See this compel,
.
York Harbor & Beach
12
Boston & Lowell
a4 9
Vermont Valley
24
Concord & Montreal
a479
Sullivan County
26
In Jan. 1915 the necessary legislation was sought to facilitate financial
rehabilitation, incl. provision for the $27,000.000 notes due Mar.
2 1915,
and eventually, if unavoidable, a reorganization under protection of the
Court. The plan is to put the property on a stable basis and provide for
future capital requirements by unifying the companies comprising the system and acquiring the right to issue pref. stock and a mortgage on the combined property securing all outstanding bonds and notes. See V. 100.
p. 395, 641.
The N. Y. N. Fr. & Hartford RR. Co., which has exercised control
through the Boston RR.Holding Co.(owner of52.9% of the stock-see that
co. below), agreed Mch.21 1914 at behest of U.S. Government to part with
Its holdings so that the two systems might again be independent. V.98.P.
234. The holding company stock has been transferred to five trustees,
MarcusP. Knowlton and James L. Doherty of Springfield, Mass.; Henry B.
Day and Charles P. Hall of Boston; Frank P. Carpenter of Manchester.
N. H. and, after arrangements have been made to protect the minority
stock a the holding co.,they are to sell the B.& M.stock before Jan. 1 1917.
V. 99, p. 47, 120, 198, 270, 467, 1129, 1221.
Reports of experts on requirements of system, V. 98, p. 1691; V. 97,
P 1731. Report of RR.Commissioners, Dec. 141913. V.91, p.1818.1820.




Amount
Outstanding

[Vox,. 100.

The Hampden RR. Corporation, completed June 23 1913, from Springfield, Mass., to Bondsville, with branch to Holyoke, total 30 miles,
has not been operated owing to the failure of the RR. Commission to approve an arrangement. On July 2 1914 the Hampden RR. brought suit
to recover $3.500.000 to $4.000,000 on the alleg "contract liability" of
theB. & M. V. 100, 9. 395; V. 99, p. 47; V. 98, p. 72, 452. 1920; V. 96.
p. 1020; V. 97, p. 948.
BONDS.-As to debentures, see issue of April 1895. In May 1913 sold
$17.000.000one-yr.6% notes to retire notes due June 10 1913 and for impts.
and in Feb. 1913 $10,000,000 one-year 5% notes to subscribe for Me. Cent.
stock, Ste. V. 96, p. 1487, 1555: V. 98, p. 452. 385, 234, 609.
The $15.960.100 Maine Central RR.stock (64%) held by the Boston &
Maine RR. was sold on Apr. 1 1914 for 86,000.000 and $12.162,000 5-year
5% notes of the Maine Rys. Cos.. a voluntary association, secured by deposit of the M.C.stock. V. 98. p. 911, 1244.
On June 2 1914 the holders of the $27.000,000 notes were offered the
Option of extension to March 2 1915 on the basis of 6% per annum in int.,
payable in advance, or of extending 60% on the same terms and receiving
40% in Maine Central Rys. 5% 5-year gold coupon notes at par. In Feb.
1915 the holders of the notes extended to Mar. 2 1915 (about $23,000,000)
were offered the option of (a) extending the whole amount to Sept. 2 1915.
with int. discounted at 6% per annum, or (b) of extending 65% and
taking Maine Central Rys. notes at par for the remaining 35%. Sec
V.100. p. 641. V.99, p. 1126: V.98, p. 1535, 1765.
Boston & Maine guarantees $1,328,000 first 5s of St. Johnsbury & Lake
Champlain. Also interest on $274,000 Manchester & Lawrence 45. Jointly
with Maine Central guarantees 5300,000 Portland Station (now Portland
Terminal) bonds. V. 93, p. 940. 1323. Under joint lease with Maine
Central, Portland Terminal Co. rorovides for int, on that co.'s 4% bonds
($4400.000 Issued). V.95. p. 1332; V. 96. p. 419. Loans and bills payable June 30 1914.Incl.notes payable shown above.$24,310.000. V.96.p.1364.
. DIVS.- J'93.'94-'98.'99.'00-'07.'08. '09. '10. '11. '12.
1913.
Common(%)1 8 6 yly. 63 7 yly. 634 6 6 5 4
1. 1. 0, 0
In 1913 dividends on both stocks were suspended. V. 97. p. 363.
EARNINGS.--6 mos.,11914
Gross, $24,603,693; net, $5,677,176
July 1 to Dec. 31. 11913
Gross, 25,839.874; net, 5,747,003
ANNUAL REPORT.-Report 1913-14 in V. 99, p. 1126.
Earnings1913-14.
1912-13.
1911-12.
Passenger
$16,415,252 $16,610.446 $16,178.131
Freight
27.866.098 28,692,688 26,811,513
Mall, express. &c
3,132,555
3,210.372 3.000,420
Total operating revenues
$47,413,905 $48.513.507 845.990.364
$8,760,459 $9,930.595 $9.832,993
Net income (after taxes)
6.487,256
Rentals, sinking fund. &c
7.333.587
6,459,043
2,547.311
3,317,945
Interest accrued
2.083,703
188.988
Dividends on preferred stock (6%)188.988
Dividends on common stock
(3)1,185.150 (4)1.578.963
$2.044,742def$1.324,441 defS477.703
Balance
OFFICERS.-President, James H. HustLs; V.-P. in charge of finance
Herbert E. Fisher. Directors Oct.
Treas.,
Hobbs;
and accounts, William J.
1914, V. 99, p. 1299. Office, Boston.-V(. 99, p. 1299, 1672, 1748:
V. 100, p. 53, 138, 307. 395,641.)
BOSTON & PROVIDENCE RR.-Owns Boston. Mass.. to Providence,
B. I., 43 miles; branches, 20 miles. Road is to be electrified and fourtracked. V.95, p.235. Leased 99 years Aprll 1 1888 to Old Colony RR.;
rental 10% yearly on stock, lease being modified In 1912. V. 95, 13. 235.
The New York New Haven & Hartford on June 30 1914 owned $524,600
stock. In May 1912 a Mass, law was passed permitting company to make
a mortgage to secure not over $8,000.000 bonds,due In not exceeding 75
years and bearing not over 434% interest, and also securing the bonds formerly Issued, guaranteed prin. and int. by N. Y. N. H. & Hartf.RR.,to
provide for electrification, additional tracks, elimination of grade crossings.
&c. The New Haven road is to make a small annual contribution to the
sinking fund to cancel the bonds at the expiration of the lease. V. 94. p.
1249. 1507; V.95, p. 235,678,817.-(V.95. p.235,678.817.)
BOSTON RAILROAD HOLDING CO.-Incorporated in Massachusetts
June 18 1909 under special Aot with power to hold securities of Boston &
Maine. The N. Y. N. H. & Hartford owns $3,106,500 common stock.
Owns $21.918,900 common ana $654,300 Joni. stock of the Beaton & Mc..
or 52.9% of stk.,for which has been issued $27.293,900 non-voting 4% cum.
pref. stock, redeemable at 110, guar., prin. & diva., by endorsement by the
N. Y. N. H. & H. RR.. of which N. Y. N. H. & H. on June 30 1914 owned
$24.493,900. V.93,p. 870.1461: V.94,p. 205,• V.95, p. 968. The Mass.
Legislature is to be asked to authorize the company to sell the
B.& M.stock, which has been transferred to five trustees, as stated above
under title Boston & Maine RR. V. 99, p. 1213; V. 98. p. 999; V. 92, p•
117, 185. 259, 460; V. 90. p. 1612.
For year ending Juno 30 1914. total income, $565; Ono.. $2,786; taxes.
$26,621; diva.. $1,091,756; bal., def.. $1,120,598. By vote on Dec. 31 1913
86 per share was charged off of value of Boston & Maine stock. $1,315,134.
Pres., Marcus P. Knowlton.-(V.99. p. 1213.)
BOSTON REVERE BEACH & LYNN RR.-Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by company's ferryboats: East Boston to Winthrop. 5 miles; also Winthrop to
Point Shirley, 1 mile. V. 94, p. 982: V. 95, p. 1121, 1402. In June 1914
merger with other roads in Boston.district vfas suggested. V. 08, p. 1844.
1915.
DIVS.- I '97-'05.'06.'07. '08- 10.'11. 12. 13. 1914.
-,-6 134.
Since'94_ -1 2 yly. 4 5 6 yrly 734 6 6
Net. Int.&taxes. Divs. paid. Bal..sur.
Yr. end. June 30- Gross.
(6%)$51,000
810,702
$130,301
$68.599
$1,009,283
1913-14
(6%)51.000
1,698
71.185
123,883
1.003.492
1912-13
-(V. 9,p. 174. 1424, 1502; V. 98. 1). 154. 385, 1844.)
BOSTON TERMINAL CO.-Owns Southern Union Depot In Boston
opened in 1899. V.68. p.40; V.69. 9.591. Boston & Albany, New England. Boston & Prov.. Old Colony and N.Y. N. H. & Hartford RR. cos.
each owns one-fifth of the $500.000 capital stock and payee rental In monthly

19

RAILWAY STOCKS AND BONDS

FEB., 1915.]

Bancroft

GEORGIA

Smiths
9. Falls

Haliburton
Sharbot L.
G.T.Jc.

.17

Coboconk

on

Orillia

and c- RA an

ea or

pAc•
ladolc Jo.
Kingston
Napanee
Peterboro Ropy.
Belleville
HarwaWl
Trenton
Re.
tauto.
Port Hope
B
a
e
UR-4

Collingwood TRu"Allenda e
Black,‘ ter
eeton Jo.•

Orange V.

0 Ric

WtbyJc

arnson
Ry.es.

R

,

•

George
•10.0
` Milton

Fergus•

0'
Tweed

akefield

az„ve.

Durham

Eldorado
Central
%Ontario Jc.

0

•

• •
•

"

."..r:0
osw
•-•**.;?,ev,,,•te North!'

Guelp
Berlin

n

as

oi•D•

Y.
Hamilton
KY.

Galt
tratford
;
0 •-

ROCHESTER
p
c. Lyons, 8.1,

Paris
/1‘)14122°
'
Woodstock

Brantford
It

Newark

Clifton
e

Tonawand
a Batavia

‘ic

5.

V.

SPRIINGVILIE

Dayton
Mayville

Cijautauque
Chau
BO
La
Lakewood

Vallace Jc.

Cascade Park
Hoyts
ItIceville
West Valley

,w

Warre

Corning
verly
Sayre

eville

Ulysses

owanda

r

Fall Brook
Hoytville
Cross Fork

CLARION JO.

oHNsONBURG
•WhistletoWn
•

Ralston

Slate/Run

RIDGWA,if

Oil City,

enango

Franklin

049
6cy

RI

-(i"
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4
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et

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+a,
.,,,
17 'c.S:
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A

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ST HILL
BROcKWAYVILLE

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Cokeville
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Morath
Salemville
MAP OF THE
ALLEGHENY'
Latrobe
/PITTSBURGH
°
arnegle
North Bessemer
losov,e.''.

cc.
co

[

a 0.

Cochran

4$.
Washington
Whee




Greensburg

7
Bedford

BUFFALO,
ROCHESTER
AND

PITTSBURGH
RAILWAY

20

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations. &c., see notes on first page)
Boston &Maine(Con)-Bds(not M)t12.000,000_zoder
z
Portsm Gt Falls & Con 1st M assure
Worcester Nashua & Roch first mortgage equally
zi
secured

Mlles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

installments sums sufficient to pay all expenses, charges, Interest on bonds
and 4% on stock. These companies are jointly liable for any deficiency in
case of foreclosure. Reg. Int. Q-F.; coup., F. & A.-(V. 93, n• 1598.)
BROWNSVILLE & MATAMOROS BRIDGE CO.-Owns international
steel bridge over the Rio Grande River between Brownsville, Tex.. and
Matamoros, Hex., connecting the St. Louis & San Francisco and National
Rys. of Mexico. Incorp. in Arizona Aug. 25 1909. Stock. $500,000, onehalf owned by National Rys. of Mexico,and the other by St. Louis Brownsville & Mexico By., which jointly guarantee both classes of bonds. 1st M.,
5333.000 auth. See Nat. Rys. V. 94. p. 277.
BUFFALO CREEK RR.-Owns 6 miles of terminal road In Buffalo, N.Y.
/n Dec.1889 leased for term of charter less one day to the Lehigh Valley and
the Erie RR., which together own entire capital stock of $250,000. Rental
Is Int, on bonds and 7% on stock. Of the 1st ref. bonds $1,000,000 are
Issuable to retire the old 5s. V.92. 1.). 259,593; V.93, p.43.-(V. 93,p.43.)
BUFFALO ROCHESTER & PITTSBURGH RAILWAY.-(See Map.)Operates from Buffalo and Bach.. N Y., to bituminous coal regions.
Lines owned in feeMiles.
Trackage (Concluded)Miles.
Buffalo Creek, N. V.. to Mt.
Willow Grove to Pittsburgh. Pa.. 7
Jewett, Pa
98 Penn. RR.-Penn. RR. Jot. to
Shuman Run Y. Pa
Clarion Jet. to Lindsey, Pa
59
19
Rochester to Ashford. N. Y
94 Other
7
Charlotte, N. Y., to Lincoln Park 10 Leased-Stock not owned70 Allegheny & Western-a
Indiana Branch
36
fle% en branches
Punxsutawney to Butler, Pa..
Trackage&O
63
Erie-Mt. Jewett to Clarion Jet_ 21 Clearfield $0 MahonIng-a
B.& 0.-Butler.Pa.,to Newcas_ 41
Clearfield to Beech Creek RR_, 22
Ribold Jct. to Allegheny City_ 33 Mahoning Valley RR
Total June 30 1914 (a See separate statement for this company)_--586
ORGANIZATION, ETC.-Successor in March 1887 to the Rochester &
Pittsburgh, which was foreclosed In Oct. 1885, per plan in V. 41. p. 516.
The entire capital stock (54,000.000) of the Rochester & Pittsburgh Coal
& Iron Co. was owned (V. 66, p. 1088) and through that company in May
1896 control was acquired of the Jefferson & Clearfield Coal ec Iron Co. (see
that co. under "Industrials") with 53.000,000 stock. /n 1906 the stock of
the Hoch. & Pitts. C. & I. Co. was transferred (subject to the lien of the general mtge.) to the Mahoning Investment Co., having $4,200,000 authorized
stock,in $100 shares, in consideration of 54.125,000 stock, the latter being
distributed Dec. 1906 pro rata in proportion of 25% among the holders of
By. common and pref. stocks. V. 83, p. 1468; V. 85, p. 414. 415; report,
V. 99, p. 892. For bonds of these coal companies see miscel. cos. Clearfield & Mahoning securities are guaranteed.
DIVS.- J '01. '02. '03.'04-'06. '07. '08.'09.'10. '11. '12. '13. '14. '15
Common__%1 4 4 534 6 y'ly 554 434 4 4
5 536 6 5, 2,In Aug. 1914 and Feb. 19152% was paid on corn, stock. V. 99, p. 341.
The Mahoning Investment Co. in Aug. 1907 and Molt. 1908 also paid 2%
div. on its stock; Aug. 1908. 2%; 1912 to Mar. 1914.3% (154% M.& S.).
Sept. 1914, 1%, V. 88. p. 685; V. 94, p. 419; V. 99, p. 341. Compare
"Organization' above. V. 85, p. 283.
BONDS.-General 5s for 55.573,000 are reserved for prior bonds, &o.
The $35.000.000 50-year consols are to bear not over 454% int.. $3,000,000 were Issuable at once. 518,145.000 to retire underlying obligations at
or before maturity and the remaining $13,855.000 to be reserved for future
requirements at not over $1,500,000 yearly, or such larger amount in any
year as stockholders may authorize. In Dec. 1914 $1.020.000 additional
consols were authorized to be issued for improvements, making a total of
$10.732,000 outstanding. V. 84, p. 867, 1306; V. 85, p 39. 414; V. 86.
p.336; V. 87. p. 1009; V. 90. p. 371, 558; V. 91. p. 400. 588; V.95. p. 361,
749; V.98, p. 999, 1070, 1155, 1315; V. 99, p. 118 1748; V. 100. p. 228.
Equipment Bonds.-A sinking fund of 5% will retire series A. B &
equipment bonds annually on May 1, It purchasable at or below par; otherwise to be applied to the purchase of additional equipment. V.68, p. 1131;
V.71, p.501; V.73. p.348. Series D and E have an annual sinking fund of
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 &E may also be called
as an entirety at 105. Series F may be purchased by sinking fund at not
ever par or drawn by lot at par and may also be drawn at 102 and int. on
any int. day. V. 84. p. 1365: V.85. p. 283. 414, 863. Series G have an annual 6% sinking fund to retire bonds at par and int.; if not purchasable,
bonds to be 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 H are limited to $2,000,000, maturing
$125,000 yearly Jan. 1 1915 to 1930. V.97. p. 1582; V.98. p. 1459.
EARNINGS.-6 months to Dec. 31:
Gross.
Net.
Other Inc. Charges.
Bal., Sur.
$5,057,914 $1,217,880 $374,660 $1,067,197 8555,343
1914
6,113.824
1.755,980
411,603
992.567
1,175,016
1913
ANNUAL REPORT.-Fiscal year ends June 30. The annual meeting
Is held at New York on the third Monday in November. The report for
1913_14 was given at length in V. 99, p. 403, 413. In 1913-14 carried
8,176 A30 tons of bituminous coal (out of 12,295.049 total tons of freight
moved), against 7.980,204 In 1912-13.
1913-14.
1912-13.
1911-12.
1910-11.
Year ending June 30. 510.709,535
$10,917,246 $9,542,368 $9,134.402
Operating revenue
7,889,256
6,668,221
6,359.845
Oexenses & taxes_ 8,174,960




Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

___ 1909 $1.000ho $11.700.000
434 A & 0 April 1 1929
73 1877
500 he 1,000,000
454 J & D June 1 1937
{47 1905
4 g J & J Jan 1 1935
150.000
1,000
47 1890-3
3 & J Jan 1930
4
1.000
735,000
47 1894
A & 0 Oct 1 1934
4
380.000
1,000
- 1913 5,000 &c See text
F & A See text
5
_
1913 1,000 &e See text
J & D See text
6
0-4 Jan 1 1915 254
63 --__
100 4.000.000
10
--- '88-'93
J & J July 1 1918
4
1,000 2.170.000
___ __
J & J10 Jan 10 1915 2%
100 27.293.900
4
-------100
850.000 Sin 1914 Q-J Jan 1 '15 1)4%
13.20 1897
1.000 1.000,000
434 g I Fe J15 Oct. 15 1927
___ 1897 1,000 eo3 14,500,000
Text Feb 1 1947
334

z
One-year notes (see text)
z
do (see text)
do
Boston & Providence-Stock 10% guar 99 yrs Old Col
Bonds, to be secured by new mortgage(seetext)zc•
Boston RR Holding Co-Pref stk 4% cum red 110_ zgu
z
Boston Revere Beach & Lynn-Stock $1.020.000
1st M (V 65.13 68; V 83, p379) 51,000,000 gSBzo•dor
Boston Terminal Co-First mortgage cuff OB._zo&r
Brinson Ry-See Savannah & Northwestern RR.
Brownsville & Matam Bridge Co-ist Bs gold guarSSfx
--- 1910
5g J
300,000
1,000
Gold bonds 5100,000 guar jointly
N_x
--_ 1911
1.000
M
4
93.000
6 1891
1,000 1,000,000
5g J
Buffalo Cr-Con(now 1s0M$1,000,000 g Int as rentex
--- 1910
1st ref 3,1 55,000,090? red 105 since July '12_Usmx
5 ¢ .7
1.000 1,000.000
Buffalo New York & Erie-See Erie Railroad
Buffalo Rochester dr Pittsburgh-Common stook_-Tr
-------100 10.500,000 See text F
Pref stook non-cum common 6% then pro rata__Tr
-------100 6.000.000 6 In 1914 F
R & P 1st M gold Rochester to Salamanca- Un.zo•
6g F
109 1881
1.000 1,300,000
Rochester BC Pittsburgh con Mg
234 1882
Un.zo•
6g J
1.000 3.920,000
B R & P first gen mtge (510.000,000) gold Un.xo•
253 1887
5g M
1,000 4.427.000
Lino P & Charl 1st hi gold guar
10 1889
Un.zo•
bg J
350.000
1,000
B R & P consol mtge $35,000,000 gold_Ce.x.ehr
360 1907 1,000 &o See text
4)4 g Al
Equipment bonds A B & C.each gold s t
--- '99-01
thr
4 ti g M
1,000 2.438.000
do D 52,000.000 gold red 105 sink funds
do
___ 1902
434 g M
749,000
1,000
do E $2,000,000 gold red 105 sink fundx
do
_ 1904
1,000 1.156,000
454 g M
do F $3,000,000 gold red sinking fund _x
do
_ 1907
1.000 1,773.000
4)4 g A
do G $3,000,000 gold Sinking fund axe'
do
___ 1909
1,000 2,640,000
4g A
do H gold $125,000 due yly text_G•xc*
do
5g J
1,000 1,876,000
___ 1913
4g J
Buff & Susq RR Corp-1st M $10,000,000 g_Eq.x
-------100 gm 6,989,000
Equipment trust bonds 543.000 due semi-an_ USM.0
--- 1906
J
1,000
5
129,000
Ser C (V 85. 9283) $45,000 s-a.PeP
do
do
F
5
--- 1907
225,000
1,000
do
do
Ser D $15,000 semi-annually
1907
F
5
1,000
75.000
Buff & Susq RY-lst M $6,000,000 g
Us.c•hr - 1903 1,000 &c 6,000,000
454 g Al
Equip. tr. bds. Ser B (V 85._.p 39) $27,000 s-a-Usm
A
--- 1907
6
1.000
135,000
Bullfrog-Goldfield RR-See Las Vegas & Tonop Co
Burlington Cedar Rapids & Northern-See Chicago R ook /el and & Pacific, R y.
Burlington & Missouri Valley-See Chicago Burlinoto n & 0 ninny.

$3,057,990
Operating income____ $2,534,575 $4,076,708
Net (incl, other income) $3,355.798
693,804
688.389
Rentals
1,255,910
1,312,624
Int. on bonds. &e
1,497
16,433
Miscellaneous
125.796
74,105
New equipment
323,000
274,247
Equip. 'ponds retired_360,000
360,000
Dfv. on pref. stock (6%) (6)630,000
(6)630,000
Div. on corn. stock
$686.701
Balance,surplus

[VOL. 100.

&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&

J Jan 1 1930
S Sept 1 1931
J Jan 1 1941
J Jan 1 1961

Office, CausewaySt, Bog
do
do
Amer Trust Co, Boston
do
do
do
do
Treasurer's office, Boston
do
do
Old Colony Tr Co Boston
Office, or cheeks. mailed
State St Trust Co, Boston
Merch National Bk, Bost
St Louis Union Trust Co
New York Trust Co.
U S Mort & Tr Co. N Y
do
do

A Feb 15 1915 2 36 Wall St. New York
A Feb 15 1915 3
do
do
A Feb 1 1921
do
do
D Dec 1 1922
do
do
S Sept 1 1937
do
do
.7 Jan 1 1939
do
do
N May 1 1957
do
do
N May 1919-20-21
do
do
N Nov 1 1919
do
do
N May 1 1922
do
do
0 Apr 1 1927
do
do
0 Oct 1 1929
do
do
J Jan.'16-Jan '30
do
do
.7 Dec 30 1963
E.B.Smith & Co.,N.Y.
J Iuly'15-July '16 Harris,Forbes & Co. N Y
A Aug'15 -Aug'17 Columbia Trust Co. NY
A Aug'15 -Aug'17 Penn Co for Insur. &o.
N Apr 1 1953
May 1910 coup not paid
0 Apr '15-Apr '17 Harris,Forbes & Co,N Y

OFFICERS.-Pres., Wm. T. Noonan; V.-P • Adrian Iselin Jr. and
W. Emlen Roosevelt, N. Y.; Treas , J. F. Dinkey. Rochester; Sec. and
Asst. Treas., Ernest Iselin, N. Y.
Directors-Henry G. Barbey, A. Iselin Jr.. Wm. E. Iselin, Walter G.
Oakman, C. O'D. Iselin, W. T. Noonan. George Emlen Roosevelt, W. Emlen Roosevelt, Ernest Iselin, O'Donnell Iselin, Oscar Grisch, Samuel Woolverton, Hamilton F. Kean. N. Y. office, 36 Wall St.-(V. 99, p. 1748;
V. 100, p. 228.)
BUFFALO & SUSQUEHANNA RR,. CORPORATION.-(See Map.)
Owns from Sagamore, Pa., to Wellsville, N. Y., with several branch lines,
incl. 15 miles trackage. Total mileage, 252. Incorp. in Pennsylvania and'
succeeded Dec. 31 1913, per plan V. 97,D. 1503, the B.& S. Jill., foreclosed
Dec. 5 1913. V. 97, p. 1582; V. 93, p. 1596.
STOCK.-Authorized (par $100), common, $3,000.000; 4% Pref. (3. &
d.), cumulative after Jan. 1 1915. $4.000,000. Will be held in voting trust
for not over 5 years; P. G.Bartlett and J. S. Fariee of N. Y.and Edward B.
Smith, Phila., voting trustees.
BONDS.-The first M.bonds ($10,000,000 auth.) are secured on the entire property and further by deposits of mortgages aggregating $1,437,724
on coal lands of the Powhatan Coal & Coke Co. and of all the stock of the
Addison & Susquehanna RR. and all the stock and bonds of the Wellsville
Coudersport Sr Pine Creek RR. Supplementary mortgage to be issued securing same bonds to cover other property. V. 73. p. 619.899; V.84, p.748.
Of the bonds, 56.959.000 have been issued. The remaining $3,041,000
bonds,or any of them,may bear not to exceed 5% interest and can be issued
only for additions, extensions, improvements, acquisitions of property or
acquiring or discharging liens on property of corporations in which 907 of
stock is owned. Sinking fund for redemption of bonds at not to exceed par
and int.,$50.000 per ann. for 35 years, also all sums in excess of $50,000 per
ann. received on account of principal of any mortgages held as collateral
under such mortgage and any further payments authorized in case of issue
of further bonds or otherwise. V. 97, p. 1503; V. 98. p• 1765.
Estimated Income and Annual Charges (Compare V.93. p. 1596).
From coal properties, actual for fiscal year end. June 30 1913_4
3
13
29
5:0
000
From operation: actual for fiscal year ending June 30 1913
Proposed through traffic agreement, average of receiver's est
75,000
Total estimated net income
$539,000
Interest on now bonds
$278,360
Dividends on new preferred stock
144.440

Balance estimated surplus after bond interest and pref. div____$116.200
BUFFALO & SUSQUEHANNA COAL & COKE CO.-This company.
the first mortgage bonds of which are owned by the B. & S. RR. Corp.,
owns coal lands at DuBois, Troutville, Onondaga and Sagamore, Pa. Six
mines In operation. V. 77, p. 1301,• V. 79. p. 2091-92; V. 82. 13. 1322;
V. 85. p. 1266. 2d M. bonds, $2,200.000 and 1200.000 held by public.
For year ending June 30 1914, gross, Coal & Coke Co.. 51,603,718, agst.
51.772,909 in 1912-13; net, after taxes, $213.928, agst. $255,148; other inc..
545,958; int.,sink,fund and deprec.,5282,194; bal., def.. 522.308.
POWHATAN COAL & COKE CO.-This company, all of whose bonds
are owned by the B. & S. RR. Corp„ owns coal lands at Tyler and at
Sykes. Its coking plants have a capacity of800 tons of coke daily. Keystone
Store Co., total capital $85,000; owned by RR. Corp.. 350.000.
REPORT.-For calendar year 1914, oper. income (railroad), 81,446.196:
other income (incl. investments, &c.), $341,782; oper. expenses and taxes,
$1,317,902: net income, $470.076; int. on bonds equip., &c., $309,711;
bal., sur., $160,365. Directors (and officers): H.I.IIler (Chairman). H.R.
Philip G. Bartlett, Rades
Darlow (Prest.), Edward B. Smith (V.-Prt.),
cliffe Cheston Jr., Herbert II. Dean, Jacob S. Farlee, Percy C. Madeira,
W. Hinckle Smith, Julius F. Workum, Charlton Yarnall and Albert L.
Smith. F. E. Hall is Sec. & Treas.-(V. 98, p. 1765: V. 100, p. 516.)
BUFFALO & SUSQUEHANNA RV.-Wellsville, N. Y.. to Buffalo,
e5ff
ecieliv.
86Rm
ship.-Harry I. Miller is receiver. Foreclosure pending. The operation of the road was ordered to be discontinued on Feb. 1 1915 and the
road dismantled and sold, but is being temporarily operated under arrangement with bondholders. V.99, p. 979, 1129. 1299, 1450, 1672; V.
100,p.396,
555.
The 5440.685 receiver's ctfs. due Dec. 1 1913 were plaid
the sale of
some equipment to the B. & S. RR. V. 97, P• 1662. V. 96.by
p. 1772.
Committee for First 4 )4s.-William Salomon, Chairman; Geo.
G. Henry.
25 Broad St., Sec.; Bankers Trust Co., depos. V.90. p. 1238;
V.91, P•1765.
•
BONDS.-See V. 74, p. 1040: V. 76. p. 593; V. 79. p. 265.
EARNINGS.-6 mos.,l1914
Gross, $149,524; op. def., $24,280
Dec.
1
09113
July
914,
Gross, 297,239; op.
84,459
J1u.ne 3
1
For ly
year
l to
en tng 3
gross, 8492,920; op. def.,def.,
after taxes.
5113.103; other income. $198,319; rents, $25,331; int. on receiver's
$13.329; bal., sur., $46,556.-(V. 99, p. 969, 1129, 1299, 1450,certs.,
1672;
V. 100, p. 396. 555.)
"BURLINGTON."-See CHICAGO BURLINGTON Fe QUINCY RR.
BUTTE ANACONDA & PACIFIC RY.-Owns Butte to Anaconda,
Mont.. and west to Southern Cross, 60 miles; branches and spurs, 67 m..•
leases Stuart to Anaconda.9 m.; total, 136 miles, of which 77 miles operated
electrically. V. 97, p. 1114; V. 96, p. 135. Stock, 52.500,000, of which
Anaconda Copper Co. owns a majority. Dividends: 1910 and 1911, 6%;
52,874.147 32.774,557 1912,
3% and 150% in stock. Bonds ($5,000,000 auth. issue), of which
53.653.725 33.615,075 $3,000,000
have been sold, are guaranteed
and int. by Anaconda
674,517
674.186 Copper Mining Co. Redeemable for sinkingprin.
at 105 on any interest
1,208.314
1,231,612 day beginning Feb. 1 1915. V. 98. p. 837. fund
For cal. year 1913, gross,
4.564
10.069 51.422,317; net, $314,905; other income, $20,092;
int.,
taxes, &c., $102,125,000
125,000
$232,421.-(V. 98, p. 837.)
250.000
246,500 576; bal., sur.,
-Owns
36,0000
RR.
Cairo,
360,000
/11., to the bridge across the
CAIRO & THEBES
(5)525.000(454)472,500 Mississippi River at Thebes, Ill.. 25 miles. Leased to St. Louis Iron Mtn.
& Southern Ry. for 99 years from Mch. 1 1911. rental covering interest on
$506,330
$495,208'52.000.000 4% bonds, which is paid direct to bondholders. Under modifi-

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CONNECTIONS.
AT DRIFTWOOD WITH PENNA. R. R. SYSTEM FOR BUFFALO.
AT ADDISON WITH ERIE RAILROAD AND OVER ERIE RAILROAD
AT ELMIRA WITH D.L.& W. AND LEHIGH VALLEY RAILROADS.
AT NEWFIELD JUNCTION WITH COUDERSPORT AND PORT
ALLEGHENY RAILROAD.
AT ANSONIA WITH NEW YORK CENTRAL & HUD. RIVER R. R.
AT KEATING SUMMIT WITH PENNSYLVANIA RAILROAD AND
POTATO CREEK RAILROAD.
AT WELLSVILLE WITH ERIE RAILROAD AND BUFFALO &
SUSQUEHANNA RAILWAY.
AT DU BOIS WITH PENNSYLVANIA RAILROAD AND BUFFALO,
ROCHESTER & PITTSBURGH RAILWAY.
AT SYKES WITH BUFFALO, ROCHESTER & PITTSBURGH R'Y.
AT SINNEMAHONING WITH PENNSYLVANIA RAILROAD.
AT GENESEE WITH NEW YORK & PENNSYLVANIA RAILROAD.
AT COWENESQUE WITH NEW YORK CENTRAL & HUDSON
RIVER RAILROAD.

COAL OPERATIONS:
LUMBER OPERATIONS:

22

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations. &c.. see notes on first page)

Miles Dale
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[Vox,. 100.
..
• .
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

136 1914
$1,000 $3,000,000
5 g IP & A Feb 1 1944
Butte A & P-Ist M $5,000,000 g gu red text_ye&r*
Guaranty Tr Co, N V
a
23 1911
1.000 1.688,000
4
If & S Mob 1 1961
Cairo & Thebes RR-First mortgage
See text
California Pacific-See Southern Pacific RR.
guar
51 (text)xo•
39 1910
a g J & 1 Jan 1 1915
423.000
1.000
Cal W RR & N-Ist 34 $600,000 gold
Angio-Cal Tr Co. San Fr
New mortgage $750,000
See text
6
20 years
Cambria & Clearfield-See Pennsylvania RR
30 25
381.925
Camden Er Burlington County-Stook 6% guaranteed
6
J & J Jan 1915 3% Broad St Station, Piffle
First NI g gu p & 1 by Un NJ RR & Can Co_GP.xo•
30 1897
350,000
1.000
4 g F & A Feb 1 1927
do
do
7,199,100
Canada Atlantic-Stock ($1.000.000 is preferred)-io.08 ajr:14-017) 16,000,092
Consol(now 1st) mtgeg gu p & i
4 g J & J Jan 1 1955
Mont, N lt & London
Petnb South let M guar (V 82. 9451. 1101)
1906
150,000
500
4
NI & S Sept 1 1956
Royal Tr Co, Montreal
457 ____
Canada Southern-Stock
100 15.000,000 See text F de A Feb 1 1915 1 Si Grand Cent Term. N V
404 1912 1.000 8ze 22,500,000
5g A & 0 Oct 1 1962
Cons guar gold bonds(1st M on main line)(1.zcs&r•
do
do
Leamington ee St Clair let Al g gu p & 1 (end)_z0
14 1895
130.000
1,000
4 g A & 0 Oct 1 1945
Agts 13k of Montreal, N I'
Canadian Northern-Stock $125,000,000
100 100.000.000
Canadian Northern Division $8.000 per mile Guar177 1899
£1001 E233.700{
4
F & A Feb 1 1929
Manitoba & S E (assumed $8,000 per mile)_ anteed
108 1899
L100 £105,300
4
F & A Feb 1 1929
Can Bk of Com.NY;&Lon
by
Gilbert Plains Branch $8,000 per mile
27 1900
£100
£500
4
M ds N Nov 11030
Ontario Div 1st M deb £36,200 are 4 Sis
287 1901
I Man.
£100 £1,180,600 4 & 4)4 g .7 & D30 June 30 1930
London and Toronto
(Man
pm
o&r..j
deb
010.000
M
con
lines)
1st
Govt.
--- 1904
£100 £2,497,800
4
J & D30 June 30 1930
London. Toronto & N Y
Manitoba Provincial bonds 08.000 per mile
£587.691
$500
4
Oct 1 1930
Can Bank of Comm. Tor
Perpetual consol debenture stock (V 81. p 1609)X100 £9,138,367
--- -,„
J & D30 Irredeemable
4
London. England
First M deb stk 013,000 pm guar by Canadian Govt
--- 1903
£1,923,287
3
AI 31-830 July 10 1953
do
let M stock 013.000 pm guar by Canadian Govt__
--- 1908
£1,622,586
3)4 J 204 20 July 20 1958
London and Toronto
Deb stock $45,000.000 gu by Can Gov't red par -----1914
£3,000,000
4
M & S Sept 1 1934
First mtge deben stook guaranteed by Saskatchewan
___ 1909
£1.650,000
4
J & D 1939
London
do
do
do
do
1914
See text
30 years
4)4
guaranteed by Alberta
do
do
1909
£1,147,945
4
J & D 1939
do
do
guaranteed by Manitoba
do
___ 1910
£587.671
4
do
do
guaranteed by Brit Columb
___ 1914
See text
Winnipeg Terminals mtge gold guar by Manitoba_o*
__- 1909
;& X
£616.438
4 g J & 1 July 1 1939
London, Toronto & N Y
Income-charge convertible deb stook redeem text_
-£5.136.979 Up to 5 M & N 2 May 6 1930
2Si% paid Nov 2 1914
Secured notes (V 98, p. 1919)
'Oil
£850,000
6
J & J15 July 15 1915
Secured notes £2,000,000 auth red 101 (V97. p 520)
___ 1913 £100 &c. £2.000,000
5
F & Al2 Aug 12 1918
Lloyds'13k, Ltd, London
Secured notes(V 98. p 1601)
1913
£450.000
5
1st land grant El red 110 (money depos to redeem)
-__ 1899
£100 02.000,000
4g
F & A Feb 1 1919
Nat Tr Co. Tor or Load
do red 105 to July 1917
do
1900 £100 &c
£634,400
4
J & .7 July 1 1938
London, England
do
callable at par
do
1913 £100 &c £1,500.000
5
J & D June 1 1923

55a

cation of lease made in 1911, the St.Louls & San Francisco and St. Louis
The Can. Nor. By. Co. will a so own all
cap, stock severally of the
Southwestern can use the terminals when they apply. V. 95, p. 1121. Canadian Nor. Manitoba By. (projected), the
Can. Nor. System Terminals.
Columbia Trust Co. of Louisville. Ky., trustee. Stock. $10.000: Par
Ltd.(V.85. p. 863), Mt. Royal Tunnel & Terminal,&c.(V.98. p.
1918)•
$100. Pres.,E.J. Pearson,St. Louis,Mo.-(V.92,p. 525; V.95.p. 11210
The first section of Hudson Bay By.. 418 m. being built by Govt.,
between Lo Pas and Port Nelson, 214 miles, has been mostly completed and
CALGARY Sr EDMONTON RY.-See page 140.
construction begun on remainder of line, 204 miles. Canadian
Northern.
CALIFORNIA-WESTERN RR. & NAVIGATION CO.-Owns Ft. Bragg. It is understood, will
operate the road. V. 93, p. 52; V. 97, p. 422.
Cal.. to Willits. 50.66 m. Stock auth.. 01.000.000: par. $100. Dividends
Canadian
Steamships. Ltd., operates between Quebec and
paid year 1909, 2Si %; 1910. 7% %; 1911. 10%; 1912, 10%; 1913, none. Montreal andNorthern
Bristol, Eng. V.90, p. 697; V. 91, p. 1322; V. 93. p. 1383.
Mortgage covers also terminals and railroad wharf. Bonds aro gust.,
LEASED
LINES.
p. & i., by Union Lumber Co. and redeemable at par on any int.(lay since
-The Manitoba lines of the Northern Pacific By..
July 1 1910. Sinking fund $5,000 yearly beginning 1911. V. 90. p. 625; 351 miles. are sublet from the Provincial Govt. for 999 years from May 30
V. 97, p. 1360. In Nov. 1914 filed mortgage to secure $750,000 bonds to 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
PaY $423,000 outstanding bonds and $327.000 advances by Union Lumber
Co. V. 99, p. 894, 1213. Year ending June 30 1913, railroad gross, for $7,000,000. Manitoba Govt. has option to purchase entire property in
$299,654; net, $109,686; other income. $23,779; charges, $74.815; bal.. 1929. V. 72, p. 437; V. 73, p. 615. Canadian Northern Ry. System
Terminals incorp. 1907. stock$2,000,000. V. 85. p. 863; V.94. p. 1695.
stir., 358.650.-V. 99, p. 1527.)
Guarantees (p.& I.) Qu'Appelle Long Lake & Saskatchewan RR.& S. B.
CAMDEN & BURLINGTON COUNTY RR.-Owns from Pavonla.
to Pemberton, N. J.. 23.35 miles; branch. Burlington, N. J., to Mount Co.4% deb. stock: property leased. V. 83. 9. 214, 324, 688, 1036.
CAPITAL STOCK.-Of the $125,000,000 cap. stock as Increased in
Holly, 7.12 m.• connection with P. & L. B. RR. at Birmingham, N. J..
0.39 m.: total.
'
29.86 m. Operated under lease by Penn. RR., which guar- 1914, $25,000,000 is issuable only in exchange for income charge stk.;
antees 67 on stock. Stock. $381.925; par. $25. In 1913, gross. $420.968; $40.000,000 is owned by Can. Govt. and $60.000.000 by Mackenzie, Mann
& Co., Ltd. V. 98, p. 1600; V. 100, p. 393.1
op. def.. $40.561: profit to lessee under rental,$78.067.-(V.64.P. 373.)
NEW SECURITIES, DOMINION GUARANTY.-In May 1914 the
CANADA ATLANTIC RY.-Depot Harbor, Ont., on Georgian Bay.
via Ottawa, to Alburg Jct.. 399.57 m.: trackage to Swanton. Vt.. ase.. company reported (V. 98. p. 1600) that it needed about $100,379,000 to
6.66 miles; leases for 99 years Central Counties By.. Glen Robertson to complete. improve and equip the combined system and that for this purpose
Hawkesbury. 22.24 m., and South Indian to Rockland, 16.25 m.: owned it had or would have available about $58,474.000, viz.: Can. Nor. Pac,
greater part of stock of Pembroke Southern Ry. branch from Pembroke to securities and subsidy, $11,559,000; Can. Nor. By. proceeds of securities
Golden Lake. 21.36 m.(V. 82. p. 451. 1101): total. 466.08 m. The Grand in hand and to be earned. $7,634,000; Can. Nor. Ont. By. securities and
Trunk acquired the road Oct. 1 1905 and it is reported on July 1 1914 subsidy, $16,789.000; Can. Nor. Tunnel & Terminal Co. proceeds of securities, $5,996.000: 4S4% equipment bonds, $16.496,000.
merged the same. V. 81. p. 1174; V. 97, p. 1351.
The remaining $41,905,000 required it is proposed to raise by an issue
The 50-year 4s of 1905 (authorized issue, 116.000.000, Royal Trust Co.,
Montreal. trustee) are guar., prin. & int., by Grand Trunk. V. 79. p. 967, of $45.000,000 4% bonds or deb. stock, due 1934, but callable at par in
1131, 1641, 2454; V. 80. p. 1058. 1727, 2343; V. 87, p. 1477 (V. 90, p. whole or part (by lot) on any Int. day, to be issued by the company and
guaranteed by the Canadian Govt. per V. 98, p. 1600, 1607. 1918, of which
1169.)
£3,000,000 was offered in London July 1914, secured by a new trust deed
CANADA MICHIGAN & CHICAGO.-Bonds worthless.-(V.63. 9.838.) to
the National Trust Co. of Toronto and British Empire Trust Co., as
CANADA SOUTHERN RY.-(See Maps N. Y. Cent. & Htsd. Riv.
.ER.)- trustee, as follows: (a) A 1st M.or charge on the constituent railway comROAD.-Main line from Suspension Bridge station, Including the Cantilever pany stocks to be taken over free from prior charges.
(b) A mtge. or charge
Bridge, to Windsor. Ont.. 226 m.; branches to Courtright, Ont., &c., and on the securities and shares pledged to secure
the Perpetual Consol. Deb.
controlled lines 231
total. 457 m.; of which 85 miles are nominally stock of 1903, but subj. to prior rights of the latter. (c)
A mtge. on the propowned by proprietary companies. Trackage, St. Thomas to London, Ont., erties, franchises, &c., of the Can.
North. By. Co., subject to prior lien
15 m. Double track, 152 miles.
of bonds, &c., now or hereafter outstanding under existing mtges. or deeds
ORGANIZATION. ETC.-The company was chartered In Canada of trust. (d) A fixed charge upon the equity of redemption of MacKenzie,
& Co., Ltd., in the $10,000.000 capital stock and the $10.000,000
Feb. 28 1868 and debt readjusted In 1878. In 1903 made a new
to Mann
Mich. Cent. for 999 years. the latter, which owns 07.810,000 stock, lease
1st deb, stock of the Canadian Northern Town Properties Co. Ltd., deguaran- posited
teeing diva- rate since Jan. 1 1910. 3% yrly. V. 76, 9. 1191, 1247.
as part security for an auth. £3.500,000 of 5% land mtge. deben
The Mich.Cent,guarantees. prin. and int. of $40,000,000 50-year bonds. tures of 1913 (V. 97, p. 1424). (e) Former Brockville Westport & North
Int. not to exceed 5%, of which $22,500,000 55
were sold to refund the Western By.. 45 miles in length, free from debt. See V. 98, p. 1600. 1918:
$14.000,000 6s and $600.000 5s maturing Jan. 1 and Mch. 11913. respec- V. 99, p. 269, 341. 536, 747, 1129, 1450; V. 100, p. 307.
tively, and to cover the cost of improvements made and to be made. The
DEBENTURE STOCK.-The £2,497.800 4% 1st M.cense!. debenture
remaining $17500.000 are reserved to refund the $130,000 divisional bonds bonds of 1904 has prin. and Int, guaranteed by Govt. of Manitoba. A part
and for additions, extensions, improvements and additions at not
of
this issue is held in trust to retire: (a) £105,300 Manitoba & South$3,000,000yearly Bonds arefree of Canadian taxes. V.95, p. 1607, over eastern 47
° first lien on 108 miles, assumed; (b) £233,700 Canadian
1744:
V. 96, p. 134, 260, 789, 1421.-(V. 96. p. 134, 200, 553,
Northern Ry., Sifton branch,4% bonds,secured on 197 miles Sifton Junc789, 1421.)
CANADIAN NORTHERN RY.-(See Map.)-Operates from Port Ar- tion to Erwood, guaranteed, prin. and int. by Manitoba Government;
* 116; V. 78, p. 1274; V. 79,
Gilbert Plains 4% bonds. V. 80, p.
thur, Ont.. on Lake Superior, to Winnipeg,
when completed will reach (c) £500 V.81, p. 1607; V. 82, p. 568.
from the Atlantic to the Pacific. In Jan.and
1915 was operating directly p.2794:
debenture stock was
consolidated
perpetual
4%
£9,128,367
4.966 miles of main line and branches, including
1903-13
In
about 710 miles held under
upon new mileage, and to purchase securities of various controlled
lease. See location of system on accompanying map.
In Oct.1914 acquired issued
Co.
3Trust
1; t C
ithltisWITI;
p. 87;
t1w..
Ti
.
te
8
r
vogr
.
tp
l
.
e
s9
d
9
e
6
Stettler-Nordegg By.. Stettler, Alberta to Nordegg, 123m.
V.99.9.969.
A bill passed by the Dominion Legislature in
1914 and approved by V.90, p.770, 1424, 14
89; V. 93,9, 406; V. 94. p. 1695: V. 98, p. 1601.
'
the Crown provides for (a) the guaranty by theJune
Govt. of $45,000,000 addiAs to £1,923,287 3% 1st M. debenture stock, guaranteed by Dominion
tional 4% bonds or debentures to aid in completing
y.90I9p1 1a2n9d5;Vv.
of Feb.
the system to a total Government. dated July 29 1903,
89
02
, pp
..17
29
34
4.
;
of 9,876 miles (of which 7.161 miles were in operation,
seeAisIsubeerta.
Northern
1,542 miles more V. 76, p. 1299; Canadian Nohern
about completed and a further 715 miles to be
284.
completed
early
V.
in
06.9.
162:
p.
880;
V.
93,
1915.
and (b) an increase in the company's capital stock to
Government
agreed
to guarantee prin. and
$100,000,000, of which
In July 1908 the Dominion
$40,000.000 is now owned by Canadian Govt. and
debentures to be issued at $13,000 per mile
kenzie, Mann & Co., Ltd. The last-named turn$60,000.000 by Mac- int. of 3Si% 50-year bonds or
over to the Cana- on 609 miles of branches In Manitoba and Saskatchewan. V. 88. P. 346,
dian Northern By. Co.the bulk of their stock holdings in
the allied railways 821; V. 87. p.11$9; V. 91, p. 37, 93; V. 92, P. 794, 880.
and the beneficial interest in the associated express,
steamship. telegraph,
Debenture stock, prin. and Int., guar. by Province of Saskatchewan and
&c., properties. The ownership of the system
is therefore concentrated in Province of Alberta, respectively; see V. 89, p. 40, V. 88, p. 1497, 1619:
the Canadian Northern By. Co.. which holds the
following amounts of V. 91,.p. 1322: V. 94, p. 1316; V. 97. p. 1582; V. 98, 9. 761. A trust deed
stock in the several associated companies whose lines,
built or building, dated Pah. 1 1914 secures an issue of 30-year 414% 1st M.deb. stock guar.
aggregate the mileage here shown (compare V.98. p. 1600.
1607 1918):
by Saskatchewan,on certain lines in the Province. V. 98. p. 761.
Mileage Built and to Be Built-Capital Stock Owned as of March 14
The Canadian Northern Western By 1st M 4s, guar. p. & I. by the
1914.
a See separate statement Miles Track Miles Grade -Capital Stock-Canadian Northern By., are issuable at $25,000 per mile to build 160 miles
Oper- Laid Grad. under
for this company.
connecting with the mining district of Brazeau, Alberta, of which 90 miles
Total
Owned.
ated.NotOp. only. Contr.
completed Nov. 1913. The Province of Alberta guarantees the bonds on
$
aCan. Nor. Pac. Ry___260 24 1
5,000,000 25,000,000 114 miles at the rate named. V. 93, p. 1724; V. 97, D. 1583; 1st 43.4s are
22
229 ------Can. Nor. Alberta Ry__
__
similarly guaranteed. V. 98. p. 610. 838, 1155.
also
3.000,000
3,000,000
189 154 -__
Can. Nor. West. Ry__-- -2,000.000
INCOME-CHARGE STOCK.-The 5% Income-charge conv. deb. stock.
2,000.000
4,932
164 251
93
Can. Northern By
See above
limited
to 310.000 per mile. Is red, at any time after May 6 1920 and Is con33
12
--Can. Nor. Sask. By
1,000,000
1,000,000 vertible on Jan. 1 1916 or any subsequent Jan. 1 or July 1 until Jan. 1 1919,
700 128
52 10,000,000 10,000,000 at
aCan. Nor. Ontario By.. 699
option, into full-paid common shares at the rate of $500
holders'
the
53,500
Irondale Ban. & Ottawa 55 • -__
53,000 (or £102 17s.) of deb. stock for $500 capital stock. on 60 days' notice. The
165
3,331.000
aCent. Ontario Ry
3,329,000 interest will be payable May 2 and Nov. 2 only to the extent that the net
1,395,000
-- 55
aBay of Quinte By
1.395,000 earnings are sufficient after paying fixed charges, and will be declared
Fee owned
Brock. Westp. & N. W., 44
April 10 and Oct. 10 out of earnings of the half-years ending June 30 and
9,550,000 z7,144.600 Dec. 31. The issue is secured by a general charge
aCan. Nor. Quebec By - 354
on the property
20
4.524,000
4.002.800 (other than land and money subsidies) ranking behind the 4% consol, deb..
aQue.& Lake St. John - 293
1,000.000
370
1.000,000 stock and all securities now or hereafter created, having priority over the
Halifax & S. W. Ry
6,000,000 93,060.000 4% consol. stock, and also behind all charges now or hereafter created for
aDul. Win. & Pac. By - 172
securing any securities guar. by the Dominion or any of the Provinces of
7,161 1,542 850 323
Canada. Coupons paid In full to Nov. 1914. V. 90, P. 1674: V. 91, 9•
Total
and
$5,144,600
directly
through the 1322; V. 92, p. 1031; V. 95. p. 1039; V. 96, p. 201.
Z
, n-ncludes1$2,000,000 to be owned
WINNIPEG TERMINAL 4s.-The 4s of 1909 are guar., prin. anclInt.•
Northern Consolidated Holding Co.. $6,181.500 of whose $8.000.000 share
capital will be owned. 9Additional$2,940,000 held by Mackenzie& Mann. by endorsement, by Province of Manitoba. V.89, p. 665, 1480.




v..87:pp..36:

-11

RAILWAY STOCKS AND BONDS



RAP OF THE

CANADIAN NORTHERN
RAILWAY

CANADIAN PACIFIC RAILWAY
THE MINNEAPOLIS, ST. PAUL & SAULT STE. MARIE RY.
THE DULUTH. SOUTH SHORE & ATLANTIC RAILWAY
AND CONNECTIONS
(EASTERN SECTION)

i..
40
Tower mar:d
Virgin!




DOUBLE TRACK
•
•
•
•
.
.
•

••us ca =IN UNDER CONSTRUCTION
'TRAFFIC ARRANGEMENT
OR TRAFFIC RIGHTS ONLY
SCALE OF MILES
00
150
25 50
75
0

S•
0

0
i
0

•

Burn_s Lake

i
(erI
4
al°
Ct
r.
o
i ganon j-

J4°

19
°ERICK :

Btarienid.
Z'ac la Biche i

poreaP,
md4
.

Ee a,
.
e

Nelson L.

Z.

oval
'

Nelson.
Assean L.

Sissipuk
4::la Pongli„

Cold L.
14•\.9.ex
e*

Waskaimaka
L.

l<41.Kississing L.

e.4e
desIslesDo
R.

Cormorant L.

4
.11 1
.rA
mber;
IP'(n
Pd
u'l L.

Gt,h e 10,2..
,
.

Sipiwesk L

Moose Lake

Gods Lake
Molson L.
RossviLle
Island Lake

11

AKE'
REPORTS

I

wan Rive

LE.

T,
HELENA

tt,

Baker C'ty
.4,
runtingto4

ewistown

A

Garne/I
Lombard

° Bvergreen

▪

Ole

ex

orsyth

Mil-s City
Livings

or THE
CANADIAN PACIFIC RAILWAY
MAP

THE MINNEAPOLIS, Si. PAUL & SAULT STE. MARIE RY.
THE DULUTH, SOUTH SHORE & ATLANTIC RAILWAY
AND CONNECTIONS
(WESTERN SECTION)




Ab rdeen
Grey Bull
?Brum°

Whiten-0°d

Powell

Lead
Blackfoot
Pocatello

IfeCa

Arvada

U T H

1) advioRd

Kirby
0

D A K
Wolsey
'pestone

Rapitpity
Chamberlain
ioax Fa le

SUNOS (INV SNDOIS AVAVIIVII

Cedar L.

RAILWAY STOCKS AND BONDS

26

[VOL. 100.

Last Dividend Places Where Interest and
When
Miles Date
Par
Amount
Rate
RAILROAD COMPANIES
Payable and Maturity
%
Road Bonds Value Outstanding
Dividends are Payable
[For abbreviations. etc.. see notes on first page]
Canadian Northern-(Concluded)
Outstanding Bones of Allied CompaniesCan Bank of Comm. Lon
4 ¢ J & J July 1 1936
£1,037,972
249 1906
Qu'Ap Long Lake & Sask 1st M £1,050,000 guar-_
J. & J Perpetual
4
See text
286)4 1911
Quebeo & Lake St John deb stock guar
May
4
1960
20
20-J
London
.7
and Toronto
£647,260
guar
by
Can
Govt
3)4
stk
deb
1st
M
Ry
1 • Can Nor Alberta
Apr 1 1962
As collat
do
do
3)4
do
do
do
Tor, Lon, Brussels, &o
4 g M & N tray 1 1941
160 1911
$100 $4,000.000
Canadian Northern West 1st M guar by Alberta
Feb 16 1942
do
do
434
£100 £1,320,000
--- 1912-3
do
do
do
34 J & J 1942
4,447,000
Halifax & Southwestern By
4
450,000
Irondale Bancroft & Ottawa 1st M 54.500,000 auth_
Minn. & Pac See those companies.
Can Nor Ont-Can Nor Pac-Can Nor Quebec- Bay of Quinte Ry.-0 entral Onta rio Ry- Duluth
Various 1936 and 1938 Can Bk of Commeroe.Lon
£2,615,290
3)4
26: 1908
Canadian Northern Ontario-Guar deb stk (see text)
Perpetual
C Bk of Corn. Tor & Lou
&
0
2
A
4
£2,350,797
stock
1909
debenture
consolidated
Perpetual
do
do
£7,000,960
334 J & J 20 May 19 1961
1911
Guaranteed 1st M deb stk, $35,000 per mile
Apr
2
1950
&
0
A
London and Toronto
4
£3,757,515
1909
208
gu
by
Brit
Colum
deb
stock
Pacific-lst
M
Can Nor
do
do
434 A Fic 02 April 2 1950
£1,200,000
1913
1st M term deb stock gu by Br Col
Can Bk of Com,NY & Tor
A & 0 Oct 1 1934
4
--- 1904 $100 &c 3.505,750
Can Nor Quebec-Gt Nor cons Id $5,462.000 (text) Ce
London
1 & D31 Perpetual
4
£1,038,855
Perpetual guaranteed debenture stock (see text)_
Q-J Apr 1 1915 24 Lond de 31 Pine St, N Y
___ __.,_
100 260.000,000 See text
Canadian Pacific-Stook $335,000,000 authorized_ _ _ _
A & 0 Apr 1 1915 2% Company's Office. Loud
4
100 £16,173,563
Preferred stock limited to 4% non-cumulatIve____r
£10
mg.;
0
4
,
0
5
12,842,647
Baring Bros & Co. Loud
J
& J July 1 1915
g
8.611
sterling
debentures
First mortgage
Baring Bros & Co. Loud
5 ¢ I & J July 1 1937
179 1888 £100 &c 3,650,000
o•&r
First mortgage on Algoma Br g
J & I irredeemable
Company's Office, Loud
4
£1 &c 173,307.470
1889
Consol perpetual debenture stock
Mar 2 1924
6
120. &c 52,000,000
___ ____
Special investment fund note certificates red par_
434 g I & .7 July'15-July'28
1,000 14,690,000
___ 1915
Vic Roll Stk&RealtyCo eq tr serT$470,000saPeP.c*
Securities of Principal Leased, ac.. Lines.
London & 31 Pine St NV
5 g J de D June 1 1934
918 1884
1.000 $2,544.000
Manitoba SW Col By 112,000 per mile lot guar geld
Baring Bros ds Co, Load
5 g J & .1 Jan 1 1937
351 1887 £100 &c £1,330,000
Atlantic & Northwest-lst mortgage gold gu__c•ecr
Can Pao office. London
text
See
D15
&
.7
4
(6)
£200,000
£50 &c
5: 1876
St Lawrence & Ottawa-first mortgage gold see text
J & D Dec 1914 3% Montreal and London
6
$100 12,000,000
Ontario & Quebec stock guaranteed in perpetuity
Morton, Rose, London
J & D Irredeemable
5
£1 £4,007.381
671 --_„.._,--Ontario & Quebec deben Interest guar In perpetuity
Toronto and London
4 g I & J July 26 2882
4719,000
£100
Toronto Grey & Bruce 1st M gold interest as rental191 1883
London
5 g F & A Aug 1 1934
£630,000
£100
174 1884
New Brunswick By 1st M gold int from rental_ _ _o•
do
J & J Irredeemable
4
£904.533
£1
___ 1890
Perpetual consol debenture stock, interest guar
Guaranty Trust Co,N Y
J & J Jan 1 1933
3
1500,000
84
New Bruns So 1st M
Can Pao Office, London
4 g J 3 & J 2002
£1,121,700
-- 1890
Calgary & Edmonton deb stock gold Interest as rent
Can Pao Office, Montreal
J & J 1955
4
$1,000 11,040,000
Branch line bonds $1,040.000 (owned by CanPao)
52 1905
J & J
5
100 3.250,000
___ _-Alberta Ry & Irrig Co deb stk 5% int guar
Bk of Montreal. Toronto
4 ¢ J & J July 1 2002
500,000
1.000
40 1913
Lindsay Bobcayg & Pontypool 1st 11 1700,000 gold
NOTES.-In 1913 made three issues of secured notes;see table above and
V.96,p. 236; V. 97, p. 520. and V. 98, p. 1601.
LAND GRANT BONDS.-52,000,000 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 of 1909. V. 87, p. 479, 1477; V. 88, p. 1126.
5% Land Mortgage Debentures.-The bonds £3.500.000 auth. Issue, of
which £1,500.000 sold) are a specific charge on all of the deb. stock and
capital stock of the Canadian Northern Town Property Co.. Ltd., 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
of the railway and deferred payments on land sold; total net security for
debentures. 129,222.870. V. 100. p. 393; V. 97, p. 1424.
Imperial Rolling Stock Equip. Trusts, Series Gold ($500 and $1.000 each)Interest Semi-Annual-AU 434s Except Series "G." "II 1" and "I," 53.
Ser. Date. Outst'd'g. Arz.Install.Due Ser. Date. Outst'd' . An.InstallDue
L___1906
450,000 5250,000 June A-1_1911 $ ,39 ,0 0 184.000
M&S
115.000 Part eachNov. B-1_1911 1.057,000 Part
M__1906
A&O
N&O '07
600,000 $200.000 June C-1_1912 1,500,000 Part
A&O
P_1907
500.000 100,000 F&A D-1_1912 2,250.000 Part
105.000
M&S
1,575,000
R __1908
E-1_1912
Mar.
510,000 170,000
Mdt8
S___1909
400,000 100,000 Mar. F-1 _1913 3.580.000 Part
M&S
900,000 Part
T___ 1909
600,000 150,000 Mar. G-1_1913
710,000 40,000 J&D
50,000 Nov. H-1_1913
17 __1909
250,000
V _..1910 51,800,000 300,000 Nov. I..1910A&O
K-1_1914 2.000,000 Part
Y. or Toronto;"K,""L,"
Int.Ami:"G," Canadian 1, 3k. of Comm.
"M, N," "0," "P. "R,' "fi,' "T,' "u. "V," "A-1,' "B-1," "D,"
New York. London or Toronto "0-1," Phila. Tr. S. D. & Ins. Co.;
"F-1. "0-1," Girard Tr. Co., Phila.,"I,")Guaranty Tr. Co., N.Y.
FINANCIAL.-As to the plan in June 1914 for finally financing the
enterprise, see "New Securities-Guaranty" above and also "Chronicle,"
V. 98, p. 1600, 1607. The completed and uncompleted mileage had cost
for construction and equipment Dec. 31 1913 $303,319,232; cash subsidies
received from the Dominion and municipalities to that date, $20,992,566;
proceeds of bonds guaranteed by Dominion and provincial governments,
$131.322,660. V. 98. p. 761, 838.
For the first three years after the road is opened from Vancouver to
Quebec the Govt. agrees, at the request of the company. to advance all or
any portion of the int. on the $45,000,000 4% deb, issue auth. in 1914 (see
above) and not to enforce the re-payment of same until the principal matures in 1934, provided the company pays 4% int. on any sums so advanced
(.V. 98, p. 1608, 1601.) Similar provisions were made respecting the
Dominion guaranty of the bonds on the Canadian Northern Ontario By.
between Montreal and Port Arthur.
RR EARNS.-6 mos.,(1914
Gross, $9,966,500; net, $2,799,300
July 1 to Dec. 31.
11913
Gross, 13,364,900; net, 4,040.700
Miles operated in 1914, 4,670, against 4,480 in 1913.
REPORT.-Report for year ending June 30 1914 in V. 100, p.393.
1913-14.
1912-13.
1911-12.
1910-11.
Average miles
4,563
4.297
3,888
3,383
Gross earnings
$23,781.329 $24.277,478 820.860.094 816.360,712
Net after taxes
17,330,566 86,773,867 85.881.045 14.990.347
I
Premium account
250,000
Total net Income__ $7,330.566 57,023.867 15,881,045 14,990,347
Int.bds.gu.byD. of Can
1557.180
$359.257
$557.180
$539,205
Int. boa. gu. by Manit__
956,874
951,308
951.539
933.268
Int. gu. by Saskatchew_
321.200
271.783
236.319
66.560
Int. guar. by Alberta__ _
154,950
89,960
127,400
Int. perp.cons.deb.stk. 1,809,375
1,768,064
1.496,989
1.388,410
Int. Qu'App. L. L.& S_
202,056
202,056
203.019
203,983
Int.on 4% land gr. bds_
129,556
150,224
163,793
184,563
Int. on 5% land M.deb
182,500
Int. on 5% secur. notes
122,355
Rentals leased lines, &c..
251,460
938,960
238.960
225,210
Int.on equip.leases_ ___ 1.088,554
923,948
711,060
621,399
Int. on inc. deb.stk(5%) 1.250.000
988.215
674.804
312,872
Supine for year
$304.505
$844.729
5575.397
8694,824
OFF/CERS.-Pres., Sir William Mackenzie;
Sir Donald Mann.
8d V.-P., D. B. Hanna;Sec.. W.H.Moore;aklofITor
mP
on'to, Out, Directors,
Sir William Mackenzie, Sir Donald Mann
Mann,
Mackenzie. .A.RLash,
Frederic Nicholls, E. Ft. Wood, D. B.
Toronto,
M.
Horne-Payne, London, Eng.-V. 100, p. 139, 307, 393,n3f43, 6417) *
CANADIAN NORTHERN ONTARIO RV.-(See Map Canadian Northern
Ry.)-Owns Rosedale to Sudbury Jct.,257.90 m.• Sudbury Jet t Ruel,65.70
m.; lEast Don to Deseronto, 133.90 m.: Sydenham to Ottawa,
* a 86.66 m.;
Ottawa to Hawkesbury, 58.60 m.; branches, spurs, 55.63 m.: trackage.
"
Rosedale to Toronto.3.80 m.; total.664.99 m. From Bellwood the main
is now being extended toward Port Arthur, where a connection will be made
line
See
deb.
stock
Ry.
below.
In connection with Can.
with the Can. Nor.
Nor. Quebec By., a through train service Is maintained between Ottawa,
Quebec and Montreal. V. 92, P. 162; V. 97, p.11023. Owns modern °rehandling plant at Key Harbor,80 miles from Moose Mt.Iron mines. Controlled by Canadian Northern BY. Interests. V. 98. p. 1601. Subsidies,
June 1913, V. 96, p. 1627. V. 97, p. 1820.
ORGANIZATION.--Controlled by same interests as the Can. North.
550.000.000. outstanding
Capital stock (shares 1100„) authorized, p.
V. 87. 96; V. 88, p. 1060.
510.000.000. Debenture stock. 334%• debenture
stk. of 1909 is a first lien
consol.
The £2,350.727 4% perpetual
Niagara, via Toronto,
from Hawkesbury to Ottawa and from Ottawa to
40,
162; V.97. p. 1424.
p.
V.
89.
lines.
with additional charges on other
agreed to guarantee 334% 50-year
• In May 1911 the Canadian Government
exceeding
1.050 miles,to connot
on
mile
per
lst M. deb. stock at $35,000
Montreal via Sudbury and Ottawa Valley.
strict line from Port Arthur to construction
Dec.
1911.
See guaranty,
In
under
were
of which 970 miles




V.93.p. 1667; V.94.p 349; V.92. p. 1309,1435. 1635; V.93.p. 1190,1887.
Loans and bills payable June 30 1914. $1,540,872.
EARNINGS.-For year ending June 30 1914, gross, $1,460,287; op.def.,
1102,076; other income. $53,661; int.. 11,756; taxes, 134,467; Rentals, &c.
$825; bal. def., $85,463. Bond interest paid by contractors. Office,
Toronto,
98. p. 761, 1155, 1535.)
CANADIAN NORTHERN PACIFIC RY.-(See Map Canadian Northern
line across the Rookies from Yellowhead Pass to Vanconstruct
a
RV.)-To
couver and Pacific tidewater, about 500 m., to be completed within 4 years.
Also a 150-mile line from the 100-mile post on the Vancouver Island section
to the east coast of Vancouver Island and a 145-mlie line to Vernon, and
thence via Long Lake to Kelowna and to O'Kanagan Lake. Mileage under
construction June 30 1913. 747.91; miles completed, 175.90. V. 92, P.
1309; V. 93. p. 526. Controlled by Can. Nor. Ry. interests.
Stock authorized. 525.000.000. of which 510.000.000 may be pref.;
par, $100. First mortgage deb. stock was issued under Act of 1910 at
$35.000 p. m.(proposed to be increased to $45,000 p. m. V. 98, p• 762).
guaranteed by the Province of British Columbia, the Canadian Northern By. to indemnify the Government against any loss it may incur by the
guaranty; also an additional 195 miles authorized in 1912. Of the deb.
stock, E3,757,515 is listed in London and £550.000 deposited as security
for Canadan Northern notes.Mortgage trustees, National Trust Co. of
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.
The 1st M. terminals 434% deb, stock authorized by the Terminals Act
1913, and guaranteed, prin. and int., by the Province of British Columbia,
Is limited to 510.000,000 or its equivalent, £2,054,794 10s. 4d. V. 96,
P. 651, 1838; V. 97, 13. 297, 364.-(V. 97, p. 297. 364. 802.)
CANADIAN NORTHERN QUEBEC RY.-(See Map Canadian Nor.
Ry.)-Owns Quebec to Montreal.176.07 m.:Joliette to HawkesburY,67.05 m.;
Lorette Jct. to Transcontinental Jct., 5.3 m.; Hedleyville Jet. to Montmorency River, 7.22 m.: branches, Garneua Jct. to Riviera a Pierre,
39.84 m.; Shawinigan Jct. to Shawinigan Falls, 3.41 m.: St. Jacques Jet.
to Rawdon, 15.88 m.; St. Jerome Jct. to Huberdeau, 45.28 m.: business
spurs, 10.97 m.; total, 371.02 miles. See V. 95. p. 1402: V. 97, p. 1023.
Owns car shops, &c. at Quebec.
Controlled by same*Interests as Canadian Northern By. V. 98, p. 1601.
Capital stock, 59,500,000 common and 13,000,000 statutory 5% income
stock; outstanding June 30 1914. 59.550,000. Control held lay Northern
Consol. Holding Co., Ltd., of whose $6,181,500 cap. stock Mackenzie.
Mann & Co. own 54.445,300. V. 95, p. 1471; V. 96, P. 201; V. 97.p. 951.
SECURITIES.-Regarding 4% perpetual debenture stock guaranteed
by the Canadian Northern By.,seeV. 84. p. 968; V. 84,p. 693,748.
There are 13.505,750 4% bonds of the Great Nor. By. of Canada, guar.
as to prin. and hit. by Canadian Nor. Ry.; Central Trust Co. of N. Y.
Loans and bills payable June 30 1914. $455,365.
EARNINGS.-For year ending June 30 1914, gross, 11,671.723: net,
$169,543; interest, taxes. &c. 1643,121; balance, deficit, $453,578.
Office, Toronto, Ont.-(V.96,
*
p. 201; V. 97. p. 950.)
CANADIAN PACIFIC RY.-(See Maps).-Owns a trans-continental
railway from Montreal to the Pacific Ocean made up as follows Jul!1 1914:
2,903 Under construction July 1 194. 893
Montreal to Vancouver
4,159 Operated account of owners__ 385
Branches and auxiliaries
Also controlled but oper.sep.4,888
Leased lines
94 aMInn. St. P. & Sault Ste. M..A,101
Used jointly
aDuluth South Shore 63 Atlantic 627
aSee each company's statement.
12.044
Total in traffic returns
Lake Shore line between MonIn March 1912 contract was let for new
years to build and
treal and Toronto, about 185 miles. to take about 2
V.
1185.
512.000,000.
94,
p•
cost about
under
charter from Do1881
HISTORY. ETC.-Incorporated Feb. 17cash
as a subsidy; also 25.000.In
minion of Canada, receiving 525.000.000
settlement.
Operates
trans-Atlantic
and
for
be fit
000 acres of land, all to also
steamers to Alaska.
Pacific steamship lines;
never
exceed
must
one-half
the common.
STOCK.-The Issue of preferredwas sold. V.
stock
99. p. 543.
In 1913-14 £800,000 pref.
Feb. 1913 offered the right to subscribe for
Common stockholders were inthe
proceeds to be used to retire the 134.$60 000 000 new stock at 175,
bonds maturing July 1 1915 and for additions
998,633 1st M.5% sterling
in dividends for quarter ending Dec. 31 1913
and improvements. It shared
V. 95, P. 889, 1402; V. 96. p. 1421;
and made $260.000,000 outstanding.
V.97, p. 175,297. 1425. The stockholders on Oct. 7 1914 voted to increase
the auth. common stock from 5260,000.000 to $335,000,000, the new stock
to be issued as required. V. 99. 13. 195, 466. 105.
1915.
13/VS.since 19011'02.'03.'04-06. 07-'09.'10. '11.'12-'14,
6 YrIY• 63.4 7 7 YrlY 1(,11.
Railroad earnings 5 534 6 YrlY•
34.,grolor
o
_ f_ -- y
y..)lore 2
LaEndxtsraaledsevain.t.a.t&30%_y-oof_l_y
pa
ld3fy
rom
rly
tU
he zM
itit.
-an
*
making
yearly
assets,
rate
extraneous
10%.
V.
92. p. 117. 955.
sales and
BONDS, DEBENTURE STOCK, GUARANTEED BONDS&c.consolidated debenture stock in V. 99;43. 545,
List of securities held against
deb.stock was sold,of which I 39,000
In 1913-14 £2,065,1194% consol.
lines
branch
and £1,826,119to acquire bonds of other
construct
was used to
roads the interest on which has been guaranteed. The stockholders on
of £3,474,000 4% consolidated debenOct. 1 1914 authorized the issuance
ture stock to construct 635 mnes of branch lines and purchase 4 steamships
at a cost of about £1,000,000. V. 97, p. 524. 1048, 1114.
In July 1914 $22.955.986 of the $34.998,633 1st M.sterling debentures
due July 1 1915 had been acquired by the company and canceled and in
'at any
Jan. 1915 the company offered to purchase any of the remainder
time at par and int. V. 96, p. 1421, 1488; V. 97, p. 175; V. 99, p. 544:
08
m
.pony
o2
.2
390
V.In10 n
e 18
p.
agreed to guarantee the principal and interest of
June
120.000,0004% bonds to be Issued by the Dul. So. Sh. & Att.; also 4% int.
on consolidated bonds of the Minn. St. P. & S. Ste. M., and in 1899 interest
on the second mtge. 4s of the latter. and In 1901 interest on $1,264,000
Mlnerai Range 4% bonds, the last named being all owned June o 1914.
Owns Dul. S. S. & Atl. consols. 115,107.000

1(
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1
Moundsqlo
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Fairmont
Chillicothe

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ELKH4

CLINCHE4
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Big Sione„

Martinsville

•

Iiillsville

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Am
a

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yvasel

atendreeek
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Wilkesboro

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er

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0WinstonSalem
Taylorsville

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28

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page

Miles Date
Road Bonds

Par
value

Amount
Outstanding

Rate
%

When
Payable

[Vol,. 100.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Canadian Pacific (Concl)Quebec Central stock dividend guaranteed
;3,381.603See text J & J15 Jan 15 1914 2%
F & A
4
2.943,540
list M deb stk int gu red 110 after 20 yes
334 J & J15 Jan 1 1963
2d M deb stock prin and int guar
1.644,933
J & J15 Jan 1 1963
5
3d M bonds prin and int guaranteed
1.644,933
14 1909
436 g F & A Aug 1 1929
Aroos Val El RR 1st M $300,000 g red 105 int guar
300.000
500 &o
N Y and Augusta. Me
Minn St P & Sault Ste Marie and Duluth South Sher e.& At lantio -See eta tements of those co mpanies
116 1913
St Louis. Mo
5 g F' & A Feb 1 1928
1.000 1,500,000
Cave /akar Nor-lstM$2,500,000 g red 10234--SSt
Carolina Atlantic & Western RYNo & So Car 1st M g$1,500.000 gu red par_Co Ba.c*
68 1914
New York
6 g M & S Mar 1 1964
1,000 1,250,000
So Car West By,Hartsv Div 1st Mg red 110Col Oa
37 1910
Columbia Trust &Co NY
1,000
8 6 F & A Aug 1 1960
465,000
South Carolina Western 1st M g gu____AB.c*&r*
32 1913
6 g A & 0 Oct 1 1943
650,000
500 &c
Sumter Div 1st mtge gold red 105
Col.c&r
94 1911
6 g M & N Nov 1 1961
Columbia Trust & CoNY
877.000
1,000
Charleston Nor 1st M $2,600,000 g gu red text Ba.c*
New York
-__ 1913
6 g J & D 15 Dec 15 1938
1,000 2.325.000
0 A & W refunding mtge $25.000,000 authorized -----1914
See teat
Carolina Central-Bonds--See Seaboard Air Line By
Caro Clinchf & Ohio-Lick Crk & L E 1st M assu.__x
Wash(D C)Loan&Tr Co
J & J Jan 1 1933
8 1903
5
200,000
let M $15.000,000 red 110
F xo•
256 1908
Blair & Co. New York
5 g J & D Tune 1 1938
1,000 13,500.000
Mortgage gold notes $5.000.000 redeem par_Eq.xo•
-__ 1909
do
5 ¢ J & J July 1 1919
1.000 2.000,000
do
Elkhorn Ext 1st Mg notes(V 97, p. 1662)_ _ Ba.xc
do
5 g M & N May 1 1917
-_- 1912
1,000 5,000.000
do
Equipment gold notes sec "A" due $130,000sa_Bax
do
___ 1908
5 g J & D June'15-Deo'18
1,000 1,040,000
do
do
do
Sec "B" due $50,000 s a
do
Unx
-__ 1910
5 ¢ J & .1 July '15-Jan '20
500.000
1,000
do
do
do Ser"C"(V.88,p.451)due $50,000s-a Nx
do
5 g F & A Aug '15-Aug '22
-_ 1912
750,000
do
1,000
do
do Ser"D"(V 97,p 49)ducl$25,000:s-a_Nx
5 g J & J July '15-July'20
do
1,000
___ 1913
275,000
do
Carolina & North western-lst M $2,500,000 gold__ Oa
Checks mailed
5 g J & .I. July 1 1953
___ 1903
1,000 1,700,000
Caldwell& Northern 1st M
do
x
do
J & D Juse 1 1957
1907
5
543,000
1.000
Carthage & Adir and Carthage Water & Sack liar -See NYC & Bud R Iver R R.
Reading Terminal, Phil.
;atasauqua & Fogelsville-First M gold___PeP.xo•
4 g J & 3July' 1 1928
135,000
___ 1898
1.000
Catawissa-Pref stook 5% guar P & R By (see text)
M & N Nov19 1914 236 Company's Office, Ph50 Ila
5
3.200,000
98
First consol mortgage 32.215.000 gold__PeP.xo•
do
do
4 g A & 0 Apr 1 1948
103 1898
1.000 2,215,000
Cayuga & Susquehanna-Stock 9% rental D L & W _
589.110 See text J di J Jan 1915 436 30 Pine Street New York
34 ____
30
Cedar Rapids Iowa Falls 6c Northwestern-See Chica go Ro ok Isla nd 6: Pao ISo By
Central Arkansas & Eastern-See St Louis Southwest ern
Centra I Branch -See Misso urt Pacifi o
:Central of Georgia Ry-Preferred stock 6% cum15,000,000 See text J & J July 8 1914 3%
--- ---1st M $7,000,000 gold
Guaranty Trust Co N Y
312 1895
G xo•&r
5 ¢ F & A Nov 1 1945
1.000 7,000,000
Consolidated mortgage $18.500,0001gold_ _Ba.xo•6cr 1.493 1895
do
do
5 g M & N Nov 1 1945
1.000 18,500,000
Mobile Div 1st M (Columbus to Andalusia) g__0.xo•
do
do
5 g J & .7 Jan 1 1948
138 1895
1.000 1,000.000
Macon & North Div let M $840.000 gold_MBa.xo•
do
do
5 g J & J Jan 1 1948
102 1895
840,000
1.000
Ocon Div 1st M Brewton to Dover 36,000 p m-(1.xo•
do
do
5 g J & ID Dec 1 1945
462.000
77 1901
1.000
St. Lawrence & Ottawa bonds are endorsed with the Canadian Pacific's ac- 473. Incorp. in South Caro. April 1914 under Special Act as a consoli
ceptance of a 999-year lease at a rental sufficient to pay 4% int. on bonds, dation of North & South Carolina Railway, South Carolina Western
and the bondholders' agreement to accept int. at 4% (instead of 8%) and to Railway, Charleston Northern By., &c. V. 98, p. 1155. Stock auth.,
refrain from demanding principal (due 1910) during lease. V. 90, p. 1361. $2,525.000. Understood to be controlled by Seaboard Air Line By., which
The New Brunswick Railway consolidated debenture stock has interest guarantees several bond issues and with which it has a traffic agreement.
guaranteed by Canadian Pacific; interest on the 1st mtge. bonds, though
Of the Charleston Northern 1st guar. 6s ($2,600,000 auth. issue). $2.not guaranteed, is paid out of rental under 999-year lease of 1890.
475.000 are Series A (redeemable at 10236) and $125,000 Series B (redeemThe Calgary & Edmonton By. debenture stock is guaranteed interest at able at par); out, $2,200,000 Series A and $125,000 B. V. 98, p. 1692.
4% under new lease of 1903. V. 76. p. 435; V. 77. p. 636.
The Car. Atl. & West. By. has made a refunding mortgage for 325.000.The Lindsay Bobcaygeon & Pontypool By. bonds are issued under a 99- 000, dated April 6 1914.
Year lease covering the interest. V. 77. p. 1225; V. 79, p. 2085.
For year ending June 30 1914 (202 miles), gross,$268,735; net, $70,743.
The interest on the Aroostook Valley (Electric) RR.20-year 436% bonds,
Pres., W. R. Bonsai; V.-P. & Gen. Mgr.. J. E. Hancock. Office,
which has completed a first unit of 14 miles from Presque isle to Washburn, Hcmlet, N. C.-(V. 98. p. 1692; V. 100, p. 473.)
Me.,Is guaranteed; an extension from Washburn. Me., west 80 miles, was reCAROLINA CLINCHFIELD & OHIO RY.-(See Map.)-Owns from
ported as let in July 1911. V.89. p. 846; V. DO. p. 107: V. 02. p. 259.
Ky., to Spartanburg, S. C., 277 m.; branch, Kiser, Va., to Laurel
Car trusts outstanding June 30 1914, $720,000; also $13,690,000 Victoria Elkhorn,
Va.,Sm.; trackage. Kiser to St. Paul, Va., Sm.'total. 256 miles. ExRolling Stock and Realty Co. 436% bonds, payable in series of $470.000 Jct.,
tension north from Dante, Va., to Elkhorn. Ky.,35 in., to be opened about
semi-ann. to July 1928. V. 99, p. 1672, 543; V. 100, p. 139.
V. 94, p. 1448; V. 97,p. 1661; V. 98, p. 1692. Connects at
SPECIAL INVESTMENT FUND NOTE CERTIFICATES.-Ort May 1915.
N. C., with Seaboard Air Line By., with which close relations are
Dec. 8 1913 a trust fund was created known as "The Special Investment Bostic,
maintained
and
tidewater is reached. V. 88, p. 944; V. 87, p. 670. ConFunds", made up of deferred payments on land sales and securities in which trolled by the Cumberland
Corp., which see below; also V. 95, p. 113, 358.
the cash proceeds of land sales are invested, to the aggregate of $55,000.000; Financed
by leading New York bankers.
Royal Trust Co. of Montreal, trustee. The trustee will receive all the proSTOCK
-Authorized,
$40,000,000,
of which $15,000,000 is 6% pref. and
ceeds from the items constituting the fund. Stockholders were offered the
right to subscribe pro rata for $52,000,000 6% note certificates at 80. paya- $25,000,000 corn.; outstanding, $25.000.000 corn. and $12,000,000 pref.,
ble 32% Feb. 2 and 48% Mar. 2 1914. The certificates will be payable at all owned by Cumberland Corp.. except $2,000,000 pref. which is deposited
their face value on or before Mar. 2 1924. but may be redeemed in part by with trustee of mortgage gold notes to provide for conversion of notes.
drawings at any time when the trustee has funds on hand for the purchase. V.94, p. 1625. Dividends on pref. 3% semi-ann. Mar. 1913 to Sept. 1914.
incl. In Feb. 1910 arranged with Southern Ry. to send coal to Charleston.
V. 97, p. 1732, 1897; V. 99, p. 544.
LANDS.-Lands unsold June 30 1914 were 217,368 acres in Manitoba, S. C., for export. V. 90. p. 558; V. 95, P. 359.
2,173.765 acres in Saskatchewan, 3,947,233 in Alberta (of which 542,872
BONDS.-First mtge. of 1908, see V.86, p. 667. 856; V. 88, p. 944.
are irrigated), 1,113,289 in British Columbia, 96,000 in Quebec and 46.933
The $2,000,000 10-year 5% mtge. gold notes follow in lien the $13,500,acres of coal land in British Columbia; total 7,594,588 acres. See V. 97, 000 first 55 of 1908. They are subject to call as a whole or may be drawn
p. 1048. Est. market value July 1914, $128,225,000. Total sales in in part by lot. V.89.0. 285. Of the $5,500,000 Elkhorn Extension 5-year
1913-14, 259,371 acres, for $4.618.420.
1st M.5% notes, 35,000,000 have been sold to construct Dante to Elkhorn.
.
SUB.COMPANIES.-In 1910 Can. Pac. interests purchased practically V. 95, p. 358. 418. 480; V. 98, p. 688.
all the stock of Dominion Atlantic By. Yarmouth to Truro, with branches,
REPORT.-Report for year ending Juno 30 1914, in V. 29, P. 966,
total 247 m., with 45 m. trackage to Halifax, possession being taken April showed: Gross,$2,679,208; net,after taxes,$1,292,599;
other income,$373,1911, and road is leased for 999 years from 1912. V. 91, p. 728; V. 90, p. 822; pref. dive. (3%), $600,000; int.,
rentals, &a., $966,307; bal., stir..
1490, 1424; V. 93, p. 1461; V. 94. p. 278. Owns nearly all stock of $100,114.
Alberta By. & Irrigation Co. and leases road on a guaranty of interest on
Mark W.Potter, Pres., 24 Broad St., N. Y.-(V. 99. p. 966: V. 100, P.
deb. stock; the stockholders on May 27 1912 authorized a mortgage. See 641.)
.92, p. 955; V.93. p. 593; V.94, p. 1316; V.95, p. 617.
CAROLINA
& NORTHWESTERN RY.-See page 140.
The Can. Pao,leases for 999 years from Dec. 31 1912 Quebec, Central By.,
Sherbrooke to Harlake. Que., 13734 miles; Beauce Jct. to St. George, 24 m.,
CATASAUGUA & FOOELSVILLE RR.-Catasauqua, Pa. to Rittenand Truig to Megantic, 59 m.; total, 221 m., with 5 m. trackage. The house Gap. Pa.. 30.9 m. Stock. $426,900 (par $25); $254,1251s owned by
rental will provide for (1) Interest on $2.943.540 4% debenture stock: (2) Reading Co. Divs, paid in 1904-05, 8%: in 1905-08, 8%; in 1908-07. 8%
334% interest on $1,644,933 3% debenture stock (which was converted 1908-09, 8%; 1909-10, 10%; 1910-11. 10%; 1911-12. 10%; 1912-13, 10%•
into new 50-year 335% debenture stock (prin. guaranteed by lessee); (3) 1913-14. 10%. For year 1913-14, gross, $213,080; net, $87,093; other in5% on 31,644,9337% income bonds (converted into new 50-year 5% bonds) come, $7,648; int.. taxes, &c., $15,755; diva.(10%). $42,690; add'ns & betPrin. guar. by lessee:(4)4% on the $3,381,603 capital stock for first 4 years termls,$13,071; bal., stir., $23,225.-(V. 81, p. 149.)
and 5% thereafter. V.93.P. 887. 1108; V.94.P• 1825; V.96.9. 301.715.
CATAWISSA RR.-Owns from Tamanend, Pa., to Newberry Jot.. Pa.,
GENERAL FINANCES.-In Feb. 1913 stockholders subscribed for
miles; second track. 39.83 miles; total, 215.51 miles. Re-leased
$80,000,000 new corn, stock at 150. V. 95. p. 889. 1402 V. 93. p. 1867. 101.22
Dec.
1 1898 for 999 years to Philadelphia & Reading Railway. Rental,
EARN1NGS.-6 mos., J19 4
Gross,$55,938,125 net,$19,673,576 Int. on bonds, 5% diva, on pref. stock, all taxes and $8,000 for org. exp.
July 1 to Dec. 31.
11913
Gross. 75,286.161 net, 27,211,437 See also V. 63, p. 069, 1116. Of the pref. stocks. $1,000,000 is 2d pref.
ANNUAL REPORT.-Fiscal year ends June 30.
72, p. 1187; V. 98. p. 1421.)
Annual meeting Is Common. $1,159,500; par, $50.-(V.
held at Montreal on the first Wednesday
in October. The report
for
CATSKILL MOUNTAIN RV.-See page 140.
1914 at length was in V. 99. p. 532, 543. See also V.99, p.1070. 1913CA YUGA & SUSQUEHANNA RR.-Owns from Susquehanna River to
1913-14.
1912-13.
1911-12.
Ithaca, N. Y., 34 m. Leased during length of charter and renewals thereof
Miles operated end of year
12,044
11.602
10,983
Lack. & Western at a rental of $54,600 a year. Divs, paid
Passenger earnings
$32,478,146 $35,545,082 $31,812,208 to the Delaware
occasional extra amount; in 1904934% was paid.
Freight
81,135,295 89,655.223 79.833,734 are 9% yearly, with an
Mall, express and miscellaneous
CENTRAL OF GEORGIA RY.-Operated July 1914. 1.924 miles
16,201,382 14,195,415 11,673,599
miles owned):
(1.432
Total earnings
Miles.
Lines leased (see these cos.) mites.
$129,814,824 139,395,7003123,319,541
Lines owned in feeNet earnings
295 Southwestern RR.$42,425,928 346,245,874 343,298,243 Savannah to Atlanta
Excess steamship earnings
82
Macon to Eufaula
Covington
144
Gordon
to
1.245,563
1.104,448
52
6
Fort Valley to Perry
Columbus to Birmingham. Ala.. 19
Fort Valley to Columbus_ ___
Americus
to
7
11
2
$42,425,928
Columbus
$47,491,437
$44,402,691
Fixed charges
340
Smithville to Columbia
310.227,311 $10.876,352 310.524,937 Montgomery to Eufaula, Ala - 869
Steamship replacement fund
Cuthbert to Fort Gaines__
Greenville. Ga
to
Columbus
8
2
1
5
1,000,000
1,000,000
Pension fun
Augusta & Savannah RR.125,000
125,000
125,000 Opelika to Roanoke
Transferred special income account
60
Millen to Augusta
2,115,842
Eufaula to Ozark
53
Dividends on common stock (7%)*_ 17.150,000 13,650,000
Ga., to Chat.. Tenn..6co_ 198 Chattahoochee & Gulf RR.Griffin,
12,600,000
Int. on stock subscriptions
18
Durham
Columbia
to Lockhart
to
Chickamauga
91
569.814
Dividends on pref. stock (4%)
18
Trackage
3,109,520
2,960,013
14
2,592,235 Savannah to Tybee
138
Columbus to Andalusia
Balance, surplus
0
167
2
Total oper. July 1914
$9,698,254 $18,310,258 $17,560,519 Macon Junction to Athens-- - 17
1,924
3%
extra
from
special income.
* Also yearly
Brewton to Dover
Also owns Meldrim to Lyons, 58 m.
OFFICERS.-President and Chairman, Sir Thomas G. Shaughnessy; Barnesville to Thomaston
9 (leased to Seaboard Air
Vice-Presidents, I. G. Ogden, G. M. Bosworth, E. W. Beatty. Montreal, Lyerly Branch Branch
12 Ocean SS. Co., est. equiv.Line).
of__ __300
and George Bury, Winnipeg; Sec., W. R. Baker; Treas., H. E. Suckling, Upper CahabaRaymond
24 Controls Wrightsville & Tennille and
Greenville to
Office. Montreal.
Wadley Southern By.
DIRECTORS.-Richard B. Angus, Adam R. Creelman. Herbert S.
1.432
Total owned
Holt, Charles R. Hosmer, Hon. Robert Mackay, David McNicoll, Sir
ORGAN/ZATION.-Suoceeded Nov. 1 1895 the Central RR. & Banking
Thomas G. Shaughnessy, Sir William C. Van Home, John K. L. Ross.
Dunsmuir,
foreclosed.
V.
60.
James
Victoria,
p. 1008; V. 61. P. 68.
B.
Hon
C.,•
Georgia.
Can.•,
Sir
Montreal,
Sandford Co. of
In June 1909 the 35,000.000 stook was acquired by the Illinois Central.
Fleming, Ottawa; Wilmot D. Matthews, Sir Edmund B. Osler, Toronto;
Eng.;
operated
London,
A.
M.
Bart.,
independently.
Nanton,
road
is
V. 88. p. 1559; V. 84. p. 1550:
Skinner,
but
the
Winnipeg.
Thomas
Sir
V. 85, p. 1082, 1288; V. 86. p. 667.
-(V.99, p. 1527, 1672; V. 100, p. 139, 228, 472.)
RY.-See
page
NORTHERN
140.
1912
June
3
$15.000,000
-On
pref.
GIRARDEAU
STOCK.
stock was authorized, the
CAPE
to the -present shareholders" (the III. Cent.)
CAROLINA ATLANTIC & WESTERN RY.-Hamlet, N. C., to stock being offered
to purchase and retire the income bonds ($14,461,000)
Charleston, S. C., 169 miles,including 99-year trackage over Georgetown & at par. primarily
Cent,
and
the
remaining 3539.000 as presented; V.94.
Western from Pee Dee Bridge to Andrews, S. C., 34 miles; McBee to Flor- acquired by the III.
ence, S. C., 38 miles, with branch to Sumter, S. C., 39 m.,• Florence to p. 1316, 1565; V. 95. p. 1037.
DIVIDENDS.-On pref. to July 1914. 6;',, por ann.; Jan. 1915, none.
Poston, S. C., 32 miles; total, 278 miles. Extension Andrews to Charleston, S. C., 57 miles, included above, was opened in Feb. 1915. V. 100, p. V. 100.9. 53, 228. On corn., 1912-13 and 1 13-14. 5%.




FEB., 1915.1

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviatio ..•• &c.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

29

Last Dividend Places Where Interest and
When
Dividends are Payable
Payable and Maturity

Central of (la Ry-(Concluded)Savannah, Ga
$168.000
21 1896
5 g J & ID June 1 1926
$500
Eatonton Branch first mtge not guaranteed gold_x
Guaranty Trust Co, N Y
1,000
65 1897
413.000 5 our J & J Jan 1 1947
Mid Ga & Atl Div 1st (consol) M $9,000 p m__(1.xci•
Guaranty Trust Co, N Y
1,000 2,057,000
4 g I & I) June 1 1951
164 1901
Chattanooga Div puts% money M $2,400.000 g(1.x0•
1.000
Union Trust Co, New Yk
138 1897
5 g J & J July 1 1947
343,000
Chattanooga Rome do So 1st M $500.000 glin.xo•
1,000
315,000
12 1905
F & A Aug '15-Aug '25 Guaranty Trust Co, al Y
4g
Upper Cahaba mortgage gold redeem 102 A _ _ Nx
do
do
1.000
24 1905
4 g M & S Sept*15-Sep '25
315.000
Greenville & New 1st ai gold redeem 10234
Ni
_ -- 1912 1,000 &c See text
5 g A & 0 Oct 1 1962
Gen & ref M $80,000,000 auth g red textUsmic*&r*
Guar Tr Co,N Y or Sayan
5
146,500
1,000
___ 1895
Mpz
Oct 1 Nov 1 1945
1st pref Incomeslinterest up to 5% 1
do
1,000
do
--- 1895
Oct 1 Nov 1 1945
5
104.800
2d
do
do
gold if earned
Cez
do
1.000
do
48,000
-- 1895
Oct 1 Nov 1 1945
5
3d
do
do
non-cumulative
Baz
1.000 4.840.000
_._ 1887
Guaranty Trust Co. N Y
5g
Al & N May 1 1937
Central RR & Bk coil tr bonds g red at 110___ Ce.o•
102,000
1.000
___ 1906
Blair do Co, New York
434 g F & A To Feb 1916
Equipment trust series H $51.000 s-a (V 82. p 217)x
1.000
110,000
--- 1906
Equip trust series I $115.000 s-a (V 83. p751)-GPx
434 g J & J To July 1916 Kountze Bros, New York
1.000
do
- 1907
do
5 g 1•1 do S To Bich 1 1917
152.000
do
do
series K $38.000 semi-annually____x
Guaranteed, &c.. Securities
5 g J & J July 1 1920
1.000 1,000,000
1890
Ocean SS Co first mortgage gold guaranteed_Ce.zo•
Guaranty Trust Co. N ST
100 1.022.900
M ____
J & J Jan 1915 234% Savannah. Ga
5
Augusta & Savannah stock (no bonded debt)
100 5.191.100
333 _--J do .1 Jan 1915 2 A% Savannah and Macon
5
Southwestern Railroad stock (no bonded debt)
100
J & J Jan 1915 234 Savannah, Ga
5
436,400
Chattahoochee & Gulf stock
5 ¢ J & J July 1 1930
258,000
1,000
Citlzens'Bk,Savannah,Ge
91 1966
First Id gold $2,000,000 int rental sf red at 102 As
1.000 1.500.000
117 1903
4 g Id do N May 1 1953
Central Trust Co. N 1'
Cent Indiana-lst M $4,000,000 gu p &I end_Ce.xo•&r
287.000 4 A (6) g J & D June 1 1940
1.000
12 1890
rid I T & S D Co. Phile
Cent New England-Dutch Co RR 1st M g guar Ba.xe•
4 g J & J Jan I 1961
149 1911 1.000 doe See text.
Lincoln Nat Bk, N Y
0 N E 1st M$25,000,000g gu red105beg'21-Pxo•dor•
Central Ohio-See Baltimore & Ohio
2100
J & J Jan 1 1934
5
£200.000
___ 1909
Bank of Montreal, Long
Central Ontario Ry-lst al (see Can Nor Ontario Ry).
4 g F QG A Aug 1 1949
500 dee 98.933,000
165 Broadway,New York
Central Pacific-1st ref lla g gu p & I end_Ce.xc•&r 1,349 1899
500 &o 11.574350
do
do
334 g J do D Aug 1 1929
3345 $25.000,000 gold guar p do 1 end____Us.xc•&r 1,349 1899
4 g A & 0 Oct 1 1954
do
9,640.000
103 1904 1,000
do
Lucin cut-off lat 11 $10,000,000 gu (text)_13.xo•&r•
M & S Mch 1 1946
500 It 48,262.548
4
-__ 1911
London, Paris. Belg. dpe
Bonds 250,000,000 francs guaranteed red Tiar-Usx
M & N Nov 1 1941
6
8,500.000
479 1911
Owned by South Pao Cc
Nevada & Cal, &c. 1st M assumed
J & J Jan 1942
6
5,000,000
do
do
86 1912
Oregon Eastern first mtge assumed
Other bonds-see text
___ 1909
6 g J & El June 1 1919
1,000
800.000
Co's office, 25 Broad SI
Central RR of Haitl-lst ad U S gold (see text) (Lac*
1,000
-- 1909
do
do
6 g J & D June 1 1919
200,000
do
(bre
do
2d M
Central RR of N J-Stook ($30,000,000 authorized)---------100 27,436,800 See text Q-F Feb 1 1915 2% Office 143 Liberty St,NY
1S17
1.001 b45.091,000 J 5 g J & J July 1 1987
Liberty Nat Bank, N Y
Central RR of NJ gen M $50,000.000 gold___Ce.icro All
Q-J July 1 1987
1 5g
1887 500 doo
Check from Treas. Office
_x All
registered
do
do
___ 1910
1.00 16.996.000
4 g J do D June 1 1915-'50 Liberty Nat Bank, N Y
L & W B con If $20.000,000 serial g guar_PePooc•
do
do
J & J July 1 1921
__- 1881
5
1.000 4.987.000
Am Dock & imp Co 1st M guar redeem at 110_ „xci•
h mow d el s1.167.000 In treasury Feb 1915.
RY.-(See
Map
of Southern Pacific.)
CENTRAL PACIFIC
BONDS.-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 =ledgeMiles.
Lines Owned (con 'd)Lines OwnedMiles.
yllie branch (312 m.In all), all equipment and appurtenances, and the equity Oakland, &c., local lines
17.61 Hazen, Nev., to Keeler. Cal_ _288.65
In 51.992.000 stook of Ocean SS. Co. V. 84. p. 529. 605: V. 87. p. 550.
Oakland pier to Eivas, Cal_ _ _133.47 Weed, Cal., to Kirk, Ore_ _ _ _126.49
and
consols
in
listing
firsts
V.
63,
p.
1160.
Application for
Natron to Oakridge, Ore
Sacramento, Cal., to Cecil
34.39
The consol. mtge.(see abstract V.61, p. 873; also V.63. p. 1160; V.83. p.
Jct., Utah
692.21 Mojave to Owengo, Cal
142.90
1347) is a first lien upon 600 m. (including former Mont. & Eufaula RR. Niles to San Jose, Cal
Fernley, Nev., to Susanville,
17.58
Say. & Western and Say. & Atl.); also on the leases of the South Western Niles Jct. to Redwood Jet_ _ _ _ 16.24
Cal
106.21
and Augusta & Savannah roads and the stook of New England & Savannah Umbria Jct., Nev., to near
Branches
110.46
Steamship Co., and a second lien upon the mainline,its equipment. &o., and
Trackage at Ogden, Utah
Ogden, Utah
9.32
142.48
also on the Macon do Northern, Mobile & Girard, and other divisions. It Lathrop to Goshen Jct., Cal_ _146.45 do atAlameda&Melrose,Cal. 7.50
also covers all leaseholds, securities, &a. V. 85. p. 605: V.89. P. 777.
Roseville, Cal., to Oregon
Collateral trust mortgage abstract was in V. 45, p. 242.
Total June 30 1914
State Line
2,288.53
296.57
The Chattanooga Division mortgage covers the former Chattanooga
ORGANIZATION.-Incorp.in Utah in July '99. per plan in V.68.p.378.
Rome & Southern RR., Carrollton. Ga.. to Chattanooga. Tenn.. 138
miles. and Durham to Chickamauga, Ga.. 17 miles. with branches, in all On Feb. 11 1914 suit was begun by the Government to separate the com164 miles, subject to $343,000 old 5s, for which a like amount of bonds is pany from the Southern Pacific Co. V.97, p. 1114; V. 98, p. 303,522.
reserved. V. 72. p. 1134; V. 78. p. 1446.
STOCK.-The Southern Pacific Co. owned the entire $67,275,500 comUpper Oahaba Branch bonds are secured by coal lands in Northern Ala- mon and $17,400,000 pref. All pledged as collateral for its coll. trust 4s.
bama. also by road Henry Ellen to Margaret, Ala. V. 81. p. 920, 1099.
Of the general and refunding bonds of 1913($80.000,000 auth. issue), with V. 96, p. 419.
int. not to Emceed 5%. $5.000.000 series A were issuable at once (of which
DIVIDENDS.-On pref., 4% yearly to 1912, inclusive, and late in 1912
$6.637,000 have been issued and 8600,000 pledged as collateral for $500.000 an extra payment to adjust the average yearly rate from 1907 to 1912 to
note). $32,104,000 reserved to retire old bonds, $ for 5, and the remaining the same as common; fiscal year 1912-13, 6%; 1913-14, 6% and 20.6%
$42,986,000 for acquisitions, extensions, &c. V. 98, p. 452. Series A extra. On common,in 1906-07,6%;in 1907-08,6%; 1908-09,6A;1909-10,
bonds are callable as a whole only at 110. V. 95, p. 110, 889, 1037.
6%;1910-11, 10%;1911-12 and 1912-13,6%; 1913-14,6% and 20.6% extra.
V. 99, p. 1450.
INCOME BONDS.-See preferred stock above.
BONDS.-First refunding mtge. gold 4s, $100,000.000. V. 69. p. 808.
LATEST EARNINGS.
- 1914_ ___Gross, $6,333,382; net, $1,622,458 and V. 70. p. 739; V. 78. p. 228; V. 87. p. 225, 285, 479; V.88, p. 52.
6 mos., July 1 to Dec. 31.11913_ ___Gross, 7,655,440; net, 2,201,453
Thirty-year gold 3 As. $25,000.000, secured by a second lien upon all the
properties covered by the 1st ref. mtge. and also by deposit with the trusREPORT.-For 1913-14, in V. 99, P. 967.
tees,
as acquired, of all securities and moneys held in any sinking fund of the
1911-12.
Year ending June 30-1913-14. 1912-13.
Central Pacific Ry., consisting June 301914 of $4,667,470 in securities and
Operating revenues
$14.210,743 $13,854,872 $13,932,153 $85
and by a trust deed upon all the lands covered by mtg. dated
Operating expenses
10,745,269 10,324,964
9.923,262 Oct.cash,
1 1870. See Mortgage Abstract, V.69. p.858; also seep.851. From
the
proceeds
of these sinking funds and land sales cancellations of bonds are
Net operating revenues
$3,465,474 $3,529,908 64.008,891 made from time
to time; to June 30 1914 $13,425,650 had been canceled, reOperating income (after taxes)
$2,909,214 $3,004,853 $3.451,977 ducing
those
outstanding to $11,574,350.
Other income
841,592
725,999
742,796
Lucin Cut-off 45 are red. at 10734 any int. day. V. 79. p. 1641; guarV. 80. p. 162.
Total income
$3,750,806 $3,730,852 $4,194,773 anty,
In Feb. 1911 the sale was arranged In France of 250.000,000 francs 4%
$1.840,403 $1.894.498 $1,921,783 35-year
Interest on funded debt, &c
trust bonds,guaranteed by the Southern Pacific Co (the latter
819,361
612.891
Rentals and miscellaneous
628.385 pledgingcoll,
as security for the guaranty part of its interest In affiliated cos.,
900.000
900.000
Preferred dividend (6%)
notably
So.
Pacific
RR.). V. 92,p. 593. 794; V. 94, p. 130. 1762.
(5%)
250,000
250.000
Common dividend
The $8,500,000 outstanding Nevada & California 6% bonds ($15,000.000
auth.
Issue)
were
assumed
on purchase Feb. 29 1912; also $3,000,000 Cendef.$58,958
surplus
$373.463
$1,644.606
Balance,
tral California By. $1,000,000 Chico & Northern RR.. $2,500,000 Sacra_
OFFICERS.-Chairman. Charles H. Markham, Chicago, Ill.; Prest., mento Sou. RR.and $5,000.000 Oregon Eastern Ry. V. 94, P. 982. 1118
W. A. Winburn, Savannah, Ga. General office, Savannah, Ga.-(V. 98,
LAND GRANT.-Total land grant was about 12,000;000 acres, of which;
p. 1155, 1243; V. 99. p. 888, 967, 1908; V. 100. p. 53, 228.)
about 7,213.204 acres unsold June 30 1914. Sales in 1913-14. 56,192
acres. Land contracts July 1914.32.152.653; avge. price per acre. $8.49.
which
Brazil.
Ind..
127
miles,
of
to
CENTRAL INDIANA RY.-Muncie
REPORT.-Year ending June 30 1914. gross, $32,874,432; net, $12,871,10 m.trackage. V. 76, p.653. Controlled by Clev. Ctn. Chic. & St. Louis
St L., 277: other income, $1,587,332; int., taxes, sink. fds., &c., $11,798,185:
and Penn. RR.interests. Bonds, guaranteed by Clev. Cin. Chic. & p.
517, bal., sue., $2,660.424. Total profit and loss, surplus, June 30 1914, after
are limited to $20,000 per mile; outstanding, $1,500,000. V. 77,
year 1913. diva. on pref., $4,629,627 (incl. $3,585,627 extra), and on common, $17.2279; V. 78, p. 1906, 1961. Stook auth., $120,000. Calendar
gross,$214,964; def. under oper. exp.. $34,541; other inc.. $549;chges.,$91,- 900,000 (including $13,863,743 extra), was $2,320,129. In 1912-13.
831; bal.. def., $125,822. Pres.. Joseph Robinson.-(V.78. P. 1906. 1961.) gross, $34,370,037; net, $13,850,745.-(V. 98, p. 303, 522.)
CENTRAL NEW ENGLAND RY.-Owns from Campbell Hall, crossing
Silvernalls, 43 m.;
tile Hudson River at Poughkeepsie by Its own bridge, to
Poughkeepsie, N. Y., to Hopewell. 12 m.: Dutchess Jot., N. V.. to State
Una. 59 m.: Poughkeepsie, N. Y.. to Boston Corners, 34 m.; total owned,
148 m : and leases and controls Hartford & Conn. Western RR., Hartford
to Rhineolift 110 m.: Tariffyille, Conn.. to Agawam Jet., Mass., 14 m.:
Agawam Jct. to Springfield, Mass., 3m.: trackage over New England RR.;
trackage over Boston & Albany RR., Wicopee June. to Fishicill Landing,
1.65 m.; total, 277 miles. V. 89. p. 918; V. 95, p. 418.
ORGANIZATION.-On .Tune 30 1914 the N. Y. N. H. & H. RR. owned
$3,770.083 pref. and $4,795,054 corn. stock. V. 85, p. 404. 858: V. 89.
p. 469: V. 90, p. 1238. 1296, 1489; V. 91. p. 153, 396, 870.
STOCK.-Common. $4,800,000; pref. 4%, $3,750.000: Par, $100.
Dividend on pref., 4%, paid in 1913-14.
BONDS.-The 1st guaranteed 4s of 1911 ($25,000,000 auth. Issue) are a
first lien on 137 miles of road and the Poughkeepsie Bridge; those unsold,
(except $287,000 reserved for Dutchess Co. bonds) are set aside for not
exceeding 75% of the cost of extensions, additions and improvements.
V. 98, p. 1315. V. 92, p. 1374, 1635; V. 94. p. 206: V. 96,y. 134. Dividend on incomes,4% Oct. 1 1909; Oct. 1910 to 1914 5%. 1,.93, p.660.
EARNINGS.-For 6 mos. ending Dec. 31:
;
Balance.
6 MonthsGross.
Net.
Other Inc. Charges.
1913-14
161,887,026 $443,329 $24,797 $501,137 def.$33,010
1912-13
1,952,143
435,093 sur.353,992
754,251
348
3 4
12 Mos.end.June 30. Gross.
Net.
Other Inc. Charges. Balance
1913-14
53.764,255 $1,122,048 $27,219 $919,245 $230,020
1912-13
3,708,971
914,416
759,047
1,619.214
54,250
Dividend on preferred, $149,888 (4%), paid in 1913-14.
OFFICERS.-Howard Elliott, New Haven, Pres.; A. S. May, Treas..
and Arthur E. Clark, Sec.-(V.97. p. 666; V. 98. p. 1315; V. 99, p. 608.)
CENTRAL ONTARIO RY.-Owns Picton to Trenton Jct., 32.17 miles;
Trenton Jct. to Coe Hill, 72.6 m.; Ormsby Jct. to Maynooth, 35.36 m.:
leases Marmora By.& Mining Co., Marmora Jct. to Cordova,9.6 m.; total,
149.73 miles. Stock, $3.331,000, of which $3,329,000 owned by Canadian
Northern By. V. 98, p. 1600, 1607. Year ending June 30 1914, gross,
$347.760; net, $1,500; int., taxes, Soc., $101,832; bal., def., $100.332.
Office, Toronto, Ont.-(V. 91. P. 276.)




CENTRAL RR. OF HAITI.-See page 140.
CENTRAL RR. OF NEW JERSEY.-(See Map Reading System.)-Operates from Jersey City, opposite New York City, westerly to Wilkes-Barre
and Scranton, Pa., and the neighboring anthracite coal fields; also southerly
to the seashore resorts of New Jersey and to the Delaware River.
Lines Owned in FeeMiles. • See this company.
Miles.
Jersey City to Phillipsburg
72 Nesquehoning Valley •
17
Sundry branches
84 Lehigh & Susquehanna, PhillipsEntire Stock Ownedburg to Union Jet., &e
171
New York & Long Branch RR.,
Wilkes-Barre & Scranton •
5
Perth Amboy to Bay Head___ 38 Other lines
8
New Jersey Southern RR., Long
TrackageBranch to Atalon, &o
76 Union Coal RR
10
Other lines (no debt)
147 Allentown Term. (oper.jointly) _- 4
Leased (Mostly for 999 Years)Other trackage
30
Dover do Rockaway RR
5
Ogden Mine RR •
10
Total operated July 1914
678
There are 262 miles of 2d. 41 miles of 3d and 30 miles of 4 tracks.
HISTORY.-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 $14,504,000 stock. V. 72, p. 86, 136, 241. 391. 721. In Sept.
1913 the Government brought suit alleging violation of both the Sherman
law and the commodities clause of the Inter-State commerce law, and demanding separation from the Reading Co. and allied coal properties and
modification of Lehigh & Susquehanna lease. V. 97. 9. 666.
la/VS.-1'91. '92 to '94. '95. '96. '97. '98. '99. '00. '01. 1902to Feb '15
Per cent --f6 A 7 yearly 534 5 4 A 4 4 5 5 8 yearly (0-P).
Also special 2% 8.-a.(4% p. an.) from Dec. 1909 to Dec. 1914 Incl. from
% diva on Leh.& W.Coal Co.stock owned. V.89.13.1410: V.90. To• 1612.
BONDS.-For general mortgage abstract, see V. 45. P. 402.
The $20,000.000 Lehigh & Wilkes-Barre consol. serial 4s are guar• nrin•
and int., and mature $2,500,000 every 5 years beginning June 1 1915;
$2.891.000 were reserved to retire the 5s due Nov.1 1912. V.90,9.1296,976
EARNINGS.-For six months ending Dec. 31.
Bal.,Surp.
Charges.
Six MonthsNet.
Gross.
1914
$16,870,326 $7,335,012 $4,076.208 $3,258.804
4,405,525
7,896,933
3,491.408
1913
17,6351
3 7

30

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page.]

Miles Date
Road Bonds

Par
Value

Amount
Out

Central of New Jersey (Cone038 1891
$1,000
N Y & L Br gen M g int gu WY($192,000 55)--Cexo•
--- 1890
1,000
Lehigh & Bud Riv gen M gold guar jointly_Ce.xx•
31 1893
500 &c
Central RR of Penn-lst M $1.200.000 ext 1908--FP
mtge
1881
old..-„xe
40
1.000
Carolina-First
Central RR of South
-------£& $
Central Ry of Canada-Ist M £2.600,000 37 1909
£100
Central Counties 1st M (V 90. p 1169)
7 1906
500
Cent Ry of So Car-First M $1515.000 g gu red -.CPI
Central Terminal RR-See Minneapolis St Paul & Saul t Ste Marie By
53.000.000
100
Vermont-Stook
Central
_ AB.mfer All
1899
500 &c
First M 112.000.000 gold traffic guar
1905
1.000
Car trusts (last installment)
--- 1906
Locomotive trusts $20,000 due yearly (V 83 P 751)-_ 1907
1,000
Car trusts 113.000 or 514,000 due semi-annually
--- 1912
1,000
Eq tr notes due $49.000 each F & A (V 94, p 350)x
100 &o
Montreal & Province Line By 1st M guar p & l____c 40.6 1900
___ 1909
1.000
CV Trans eq bds g gu *12 M or $13 M due s-a-Ba.x
- -- 1912
do Ser B due $50,000 semi-an guar_ -Ba.x
1,000
do
Charleston & Savannah-See Atlantic Coast Line RR_
___ 1903 1.000 &c
Charleston Terminal-Firstl $1,000,000 g _like*&r
___ 1907 1,000 &c
Charleston Un Sta-lst 115400.000 g gu(text)Eqxo•dtr
340 1896
1.000
Charleston & West Car-Istlif g($8.000 p in)Ce.xe•&r
338 1896
Income mortgage bonds non-cum
G.c*&r
1,000
SBa.xc*
338 1914
1st consol M Ser A
1,000
do
do
1,000
338 1914
AugustaTerminal By 1st M gold guar p & I end_xCe
-__ 1897
1,000
Charlotte Monroe & Columbia-lst M $70,000 g---c•
18 1902
1.000
Charlotte Columbia & Augusta-See Southern By
Chartiers-See Pittsb Cincinnati Chicago .53 St Louis
Chattahoochee Valley-C V RR first mortgage__ _ _ xx
8 1896
Consolidated mortgage $280,000
- ABx 2455 1900
1,000
Eq.xe&r
___ 1907 1.000 &c
Chattanooga Station-lst Mg gu(text)
Chesapeake Beach-First mtge see V 81 p 974_ _N.o•
2 1898
1000
-100
--- ---Chesapeake &Ohio-Stock ($100,000,0W authorized)
Terminal 1st M 1922 covering 8 m to Phoebus g_zo•
10 1882
500 &o
First censei mtge for 530.000,000 gold___Ce.xo•der
697 1889
1.000
Rich & All Div 1st & 2d Ms (51.000.000 2ds)Ce.xo•
1,000
242 1890
Craig Valley Branch first mortgage gold
26 1890
1,000
Ce.xo•
Warm Springs Branch first mortgage gold_ „Ce.x.s•
25 1891
1,000
General mortgage (for $70,000,000 &o) gold_Ce.xo• 1.419 1892
1.000
1 nnn
95 10115
C.,. •en•
Paint Creek Branch 1st If 5750.600 from
ANNUAL REPORT.-The report for 1913-14 was in V. 99, p. 887.
Earnings (rem1911-12.
1913-14.
1912-13.
Merchandise
$11,591,143 511,855.504 $10,902,972
Coal
8.644.235
9,262,968 10,081,937
Passengers
5,476.116
5.651,091
5,599,654
Mall, express. &c
866.771
867,113
868.662
Total operating revenue
127,372,315 $28,405,757 $25,890.094
Net earnings
19,589,270 $12,000,896 $10,533,014
Other Income
2.210.221
3,007,750
2.194,236
Total net income
$12,597,020 $14,195,132 $12,743,235
Interest on debt
$2,619,373 $2,508,267 52.650,920
2,580,573
Rentals paid
2.697.793
2.684,639
1.502,670
Taxes
1.656.189
1,569,074
2,000,000
Renewal funds, &c
4,040.467
3.292.416
3.292,416
3,292.416
Dividends (12%)
Balance, surplus
$,p. 887,894, 1672.) 716,656
Pres., W.G. Be,sler.-(V. 98, p. 1392; V'. 96
CENTRAL RR. OF PENNSYLVANIA.-Owns Bellefonte (Penn. RR.)
to Mill Hall. Pa. (Pa. Div. of N. Y. C. & It. R. RR.). 27.3 miles; branch.
3.4 miles. Current liabilities June 30 1914, 1706.114. For year 1913-14,
gross, $69,273; net. $9,492; other inc., $823; charges. $25,190: deficit. 914.875. Stock,$600,000; par,$50. Pres.. W.H. Gephart.-(V.88, p. 1312.)
CENTRAL RR. OF SOUTH CAROLINA.-Owns from Lanes, S. 0., to
Sumter. S. C., 40.2 miles; spurs, &o., 1.61 m.; total. 41.81 m. Leased to
Atlantic Coast Line RR.; rental, 531.000 yearly and taxes. Stock. $170,000; par. $50. In 1913-14. rental, $31,000; general expenses. $256; int.,
518.000: divs.(7.2%). 512,240; balance, surplus, $591.-(V.64. 9.887.)
CENTRAL RY. OF CANADA-Projected to extend from Midland on the
eastern shore of Georgian Bay on the Great Lakes to Montreal, 343 miles,
with 95 m. of branches. V.98, p. 1315. 1692. Montreal Central Terminal
Co. will provide entrance to Montreal. V. 98, p. 1845; V. 99, P. 748.
Of the new bonds (12.600.000 authorized issue,limited to $30,000 per m.),
£500,000 have been offered in exchange for the old bonds, £1,225,000 were
offered in London in April 1914 (of which £400,000 were applied for) and
the remaining £875,000 were reserved for offer in N. Y. and Montreal.
Redeemable at 105 on or after July 1 1920 or if paid on reorgnization or
amalgamation or from land sales. Trustee, City Safe Deposit & Agency
Co., Ltd., London. V. 98. p. 1315; V.99, p. 747.
It was hoped to pay all interest up to Jan. 1919 from the cash subsidies.
V. 98, p. 72. Capital stock authorized, 97,000,000; issued. $2,328,500
Pres., Hon. William Owens; Vice-Pres., C. N. Armstrong; Treas., Henry
W. Raphael; Sec., J. Douglas Wells. Office, 103 St. Francis Xavier St.
Montreal.-(V. 98. p. 1315, 1692; V. 99, p. 747, 894.)
CENTRAL RV. OF SOUTH CAROLINA.-(V. 82. p. 927.)
CENTRAL VERMONT R Y.-Operates from Rouse's Point. at north end
of Lake Champlain, to New London, Conn., with branches, 536 miles in all,
of which 160 miles leased. viz.: New London & Northern (see that co.). 121
miles; Montville Branch.3; West River RR.,36 m. V.68,p. 1076. In May
1914 received authority to lease for not over 999 years the Southern New
England By., building from Palmer, Mass., to Providence. V. 98. p. 1459.
SECURITIES, &o -The Grand Trunk By. holds 12,185.100 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
covering 2 steamships. V. 04, p. 910. 1249, 1626, 1695; V. on. p.749.
EARNINGS.-6 mos., 11914
Gross, $1,988,252; net, $371,951
Gross, 2,178,088; net, 201,479
11913
July 1 to Dec. 31.
REPORT -For year ending June 30 1914, V.99, p. 1745.
Other Inc. Charges.Impts.,&c Balance.
YearGross.
Net.
der.$259,258
1913-14-$4.500,111 $358,020 $217,235 $834,613
815.819 4,956 def 9.795.
1912-13-- 4,577,590
747,190
63.789
The deficit,$259,258.lwas covered by Grand Trunk Ry.as per guaranty.
OFFICERS.-Chairman, E. J. Chamberlin; Pres., E. C. Smith; Clerk
and Treas., W.H. Chalice, St. Albans. Vt.-(V. 99, p. 1213. 1745.)
CHARLESTON (S. C.) TERMINAL CO.-ROAD.-Owns terminal road,
5.02 m.; 14 wharves, 30 warehouses, 4 cotton compresses, &e. V. 77,
p. 148. 298. Stook, 5200.000, owned jointly by Atl. Coast Line RR. and
Southern By., which agree to make good any deficiency in Interest on bonds.
EARNINGS.-For year ending June 30 1914. gross, $116,140; net,
income,$57,783; int.and taxes,$51.000; bal.,sur.. $6,783. (V.77, p• 146.)
CHARLESTON UNION STATION CO.-Owns passenger station at
Charleston,S. C.. used by Atlantic, Coast Line and Southern By., which each
owns one-half the stock and guarantees the bonds. p. & L. by endorsement.
Rental covers interest on bonds and 4% on stook. V. 84, p. 50.
CHARLESTON & WESTERN CAROLINA RY.-Port Royal, S. C., via
Augusta. Ga. to Spartanburg, S. C.. 245 m.; branches to Anderson and
94 m.;leased, 2 m.; total, 340 m. Entire stock owned by
Greenville,
Atl. Coast Line Co. V. 66. p. 38, 335.
STOCK.-$1,200.000;Par.$100. See Augusta Term. Ry. V.66.P.383.
1914 ($10,000,000 authorBONDS.-Of the 1st con,sol. 50-yr. bonds ofthe
income bonds have int.
ized issued), $2,380,000, to be issued to retire
the next 3, 4% for the
for
3%
years,
2
first
the
for
yearly
payable at 2%
the remaining bonds (to bear interest at
next 5 and thereafter 5%• Ofrate),
are
issuable from time to
$2.720.000
Carolina
So.
the
not less than
$600,000 to take up the Augusta Terminal 63
time to retire the old 1st 58.betterments
or equipment'. V. 98. p. 1315.
extensions,
$4,300,000
and
1905-14, incl., 5% yearly.
Int. on incomes, 1903-04. 2%;1904-05, 3%;
Gross, $894,940; net, $154,185
EARNINGS.-6 mos., 11914
Gross, 1,071,572; net, 265,599
11913
July 1 to Dec. 31.
1914. gross, $2,095,812; net, after
REPORT.-For year ending June 30hit,
on bonds,$172,000; rentals and
taxes, $428,694; other income,$30,133;
appropriated for add'ns and betother charges, $82,067; balance. $203,860;
net, $423,405. Pres., J. B.
terments. In 1912-13, gross. 51.895,999;D.
Cronly. Petersburg, Va.Cleveland. Spartanburg, S. C.; Sec., R.
(V. 98, p. 1315.)




[VOL. 100.

RAILWAY STOCKS AND BONDS
Rate
%

12,500.000 4 & 5 g
5g
1.062,000
3
600,000
6g
300,000
5
£1,225,000
4
£97,500
6g
150.000
3.000.000
10.732,000
16.000
40.000
67.000
686,000
200.000
162.000
750,000

When
Payable

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

& S Sept 1 1941
& J July 1 1920
& N May 1 1923
& J July 1 1921
Q-J Jan 1 1964
M&S 14 1949
J d3 3 Jan 1 1926

M
.1
M
J

Liberty Nat Bank, N Y
Irving Nat Ex BL, N Y
Fidelity Trust Co. Phil&
Bankers Trust Co. N Y
London, Mont & NY
Bank of Montreal, Lond
Colonial Trust Co, Pittsb

$2,185, 100 held by Grand Trun k Ry ef Canada
American Trust Co, Bost
Q-F May 1 1920
4g
Blair .53 Co, New York
Q-M Mch 111915
455
Q-F Nov 1915-1916 Royal Trust Co, Montreal
4 45
'17
'15-Apr
Office,
Apr
0
&
Montreal. Canada
A
434
F & A Aug 'I5-Feb '21 Blair & Co, New York
5
Amer L & Tr Co. Boston
4 e A & 0 Oct 1 1950
5 3 M & N15 May'15-May'21 Bankers Trust Co. N Y
do
do
5 g id & N May'15-May'22

4g
800,000
4g
250,000
5g
2,720,000
2,380,000 Oct. 1
See text 2 to 5
See text
6g
600,000
5g
70.000

J d3 J July 1 1953
J & J Jan 1 1937
A & 0 Oct 1 1946
as earned Oct 1 1946
J & J Jan 1 1964
J & J Jan 1 1964
A & 0 Apr 1 1947
A & 0 Oct 1 1932

J & J July 15 1916
6
50.090
J &J15 July 15 1920
5
230000
& J Jan 11057
I
4g
1.000.000
5 g .1 & J July 1 1923
1,000,000
62,792.600 See text See text Dec 31 '14 1
6 g J de D June 1 1922
142,000
5 g El & N May 1 1939
29,858000
4 g J & J Jan 1 1989
7.000,000
5 g J d3 J July 1 1940
650,000
be If & S Moh 1 1941
400.000
455 g1,1 & S Moll 1 1992
000
A Feb 1 1945
F ,4
a v
gin non
48'129'

Guaranty Trust Co, N Y
Equitable Trust Co. N I'
Central Trust Co. N Y
Guaranty Trust Co, NY
New York or Baltimore
do
do
Central Trust Co. N Y
Rich T & SD Co Rich. Va
State Trust Co. Boston
Amer Trust Co, Boston
J. P. Morgan & Co. NY
In default
Office, 71 Broadway, NY
I P Morgan & Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do

CHARLOTTE MONROE & COLUMBIA RR.-See page 140.
CHATEAUGAY & LAKE PLACID RY.-(See Map Del. & Uudson.)Operates from Plattsburg, N. Y., to Lake Placid. 80 miles, of which PlatteN. Y.
burg to Dannemora, 16 m., Is leased at nominal rental from State ofowned
the latter all
Stook. 53.450.000, of which $3.000.000 is 4% pref..Hudson
31
Dec.
until
&
Delaware
the
to
Leased
by D. & II. V.84, p.50.
2403, any balance over expenses of operation, Interest, taxes, maintenance.
damages, dividend on pref. stock, die., to go to the lessor. The lease Ii
subject to revision at 5-year Intervals.-(V.81. p. 613; V. 84, P. 50. 930.)
CHATTAHOOCHEE & GULF RR.-Columbia. Ala.. to Floralia. 92 m.
LEASE.-Leased In 1900 in perpetuity to Cent. of Georgia By.for 6% on
6436,400 stock and 1407,000 bonds (of which only $258.000 outstanding
Jan. 1 1915), of which 1% to be used as a sinking fund for retirement of
bonds, upon completion of which rental will be 5% on stock, payable J.-J.
See Cent. of Ga. lty.-(V. 93, p. 1599; V. 95, p. 1607; V. 99,p. 1748.)
CHATTAHOOCHEE VALLEY R Y.-Standing Rook, Ga.. via W. Point.
to Jester. Ala., 32.5 m. In Dec. 1914 extensions was proposed from McCulloch, Ala., to a connection with a line to Columbus, about 15 miles.
Stock auth.. $1.000,000; issued, $110.000; par. $100. Bonds, see table
above. Year 1913-14. gross. 15102,517; net, after taxes, $33,041; charges.
$14,500; bal., sur.. $18.541.
CHATTANOOGA STATION CO.-Owns union passenger station opened
Dee. 1 1909 and approaches at Chattanooga. Tenn., used by the Southern
Ry.. Central of Georgia, Alabama Great Southern and Cin. N.0. & Texas
Pacific, which each owns one-fourth of the stook and guarantees the bonds
Jointly and severally, p. &i.. by endorsement. Rental covers bond interest
and 4% on stock.-(V. 84, p. 50.)
CHESAPEAKE & OHIO RY.-(See Map.)-On June 30 1914 operated:
Miles.
Miles. Controlled by stOckLines owned infeeFt.Monroe,Va.,toCovington,Ky. 663 Bridge-Covington-Cincinnati
Ches. & Ohio By. of Indiana__ 261
Richmond via Lynchburg. to
Lines leased230
Clifton Forge. Va
38
651 Sundry branches leased
Branches In Va. and W. Va
84
Denton, Ky., to Lexington_ _ 103 Trackage to Louisville
Trackage to Washington, D. 0.. 85
Big Sandy Jct. to Elkhorn City.
55
128 Other trackage
with branch
76
Branches in Kentucky
2.376
Total of all
Second track (477 owned) 575 miles. Also controls Hocking Valley,
Co.
Richmond-Washington
In
int.
one-sixth
owns
also
m.;
350
A line is to be built under the charter of the C. & 0. Northern RR.,incorporated in May 1914 from a point near South Portsmouth, Ky., to
Columbus,0.,93 m., to connect with Hock. Val. By. V. 98. p. 1536, 1692.
HISTORY. &C.-In 1888 reorganized without foreclosure. In 1909 a
syndicate headed by Edwin Hawley (now deceased) acquired about $24,of
000,000 stock, or virtual control. V. 88. p. 294. Owns $8.825.800
511,000.000 Hocking Val. corn. stock. Ches. & Ohio Ry. of Indiana, entire
$5,700,000 stock and $6,700,000 bonds are pledged under the FirstLien
and Improvement mortgage. See below. V. 90, p. 1675; V. 01, p. 93.
214, 802.
holding the
The lower Federal Court on Mar.14 1914 entered a decree
& Michigan (each
joint ownership with the Lake Shore of thetoKanawha
the Anti.
of
violation
in
be
stock)
holding 54,029,200 of the 59,000.000
& Ohio Central By. as of
Trust law. The stock has been sold to the Toledo
in cash
paid
be
to
$2,000,000
date.
that
from
int.
with
par
June 1 1914 at
due Sept. 11915, guaranteed by
and remainder in Tol. tit Ohio Central note
The equity in Sunday
Lake Shore & Mich. Southern By.and fully secured.
Creek Co. was sold on Nov.7 1914. V.96. p.62, 134; . 97, p. 1425; V.98
13• 911, 1536; V. 99. p. 1066, 1055, 1450.
STOCK.-Authertzed stook was increased to 1100,000.000 April 28 1910:
of which $37.200,000 was reserved for conversion of 4 54s. See BONDS.
DIVIDENDS.-1899 to 1908. both incl., 1% yearly: la 1909.3%:1910.
4"% each; Sept.
,
4%;1911 and 1912,5% (Q.-M.); 1913. Mar.and June, 15
1913 to June 1914,1% quer.; Dec. 1914.1%. V.99. p. 1527; V.100,p.641.
mtge.
cense!.
of
in
1939
of
V.
-Abstract
49. p. 147; V. 811, p.
BONDS.
1588; V. 92. p. 260; of Richmond & Allegheny mtges., in V. 51, p. 144.
The general mort,a,e of 1892 (Central Trust Co. and H. T. Wickham,
trustees) is for $70,111.000, but additional amounts at $25.000 per mile may
be issued for double-tracking. See full abstract of mortgage in V. 54 p.
644. In July 1914 $31,131,000 was reserved to retire underlying bonds'
General funding and imp. mon., V. 87. P. 1663; V.88,p. 167.
Of the authorized 337.200,000 convertible gold bonds of 1910.531.390,000
were issued in that year. They are redeemable after 1915 at 10255•
and convertible at par, at the option of the holder, Into stook between
May 11011 and Feb. 1 1920. The mortgage of 1911, as to lines owned in
1910, secures equally the new 5s and convertible 4345. V. 90. p. 771, 848:
V. 91, p. 870,945, 1159, 1574.
The "first lien and improvement" mortgage of 1911 is limited to $125.000,000 bonds, bearing interest at rates not to exceed 5%, to provide for
extensions and impts. and the retirement of certain equipment and other
obligations, including the 511,000,000 "general funding and improvement"
bonds, and for other corporate purposes. In May 1914 it was (1) a first
lien on (a) 58,825.000 capital stock of Hocking Valley By. Co. out of $11,000,000 issued; (b) 154.026.500 capital stock of Kanawha & Michigan By.
Co. out of $9,000,000 issued; (c) through deposit of all stock or bonds, on
line of Ches. & Ohio By. of Ind. between Cincinnati and Chicago, 261 m.;
(d) on Logan & Southern Ry., a coal branch in West Va.. 8 miles, and on
30 miles of branch lines to coal mines in Guyandot Valley section of W.Va.;
(e) on equip, purchased during last 4 years, costing nearly $10,000,000;
(I) $7.302,000 general funding & impt. 5% bonds due Jan. 1 1929, balance
of $11,000,000 auth., $3,698,000 being outstanding. (2) A subordinate
lien, subject to prior liens, on all other lines of the company, in respect to
which lines, as owned on April 28 1910, the convertible bonds due Feb. 1
1930 have a lien on a parity with First Lien & Impt. Mtge. bonds. V. 92
p. 880; V. 98. p. 762. Entire $40,270,000 issued is pledged under notes.
The 5-year 5% secured gold notes (340010,000 auth.), of which S.33,000.000 have been sold, are secured by 540.270,000 First Lien & Impt. 5s

MAP OF THE
•C RICAG

CHESAPEAKE & OHIO
RAILWAY
LINES

Elkhart

-

V(Z‘C.
tr \

ymenith•
a4t

\
Cankake
oc Si Anne
Sheljon

Hart74 rd
M.L.1.1125R,
C.
L(49AliktVill

llillsbor
Waverly
Sardinia. 4

c••
1.0
G rye
,
•Cent
a1 Cy.
GIasovJ.

E

litniphits
1,8801Vine
vOs"




Z.
0
Glasgow-

Tileksford
Clarksville

Scottsville
Halifax

Sharpseurg
LEIGH
0st**

32

RAILWAY STOCKS AND BONDS

[VOL. 100.

.

-§§

P§§§.§§""

I

"78

Last Dividend Places Where Interest and
When
Miles Date
Par
Rate
Amount
RAILROAD COMPANIES
Payable and Maturity
%
Road Bonds Value Outstanding
Dividends are Payable
[For abbreviaticms, &c. see notes on first page]
.1 Is Morgan & Co. N `I
4 g J & D June 1 1945
;2,879,000
lstlil g ass'd.Ce.x0 8634 1905
Ches.& Oh io-(Concl.) Coal Riversince
4200.000
5 g A & 0 Oct 1 1915
Cent Tr 65S Dep Co Cin 0
Oct 1905---z- 1901
Klneon Coal mtge assumed red assumedEq.xo•
imi 1900
.1* Is Morgan & Co, N Y
4 g M & N Nov 1 1940
1.821.000
Greenbrier Ry 1st M $3.000,000 g
do
4 g J & D June 1 1944
do
86 1904
4.756.000
Big Sandy Ry first mtge $5.000,000 gold___Ce.xo•
do
4 c J & I July 1 1946
600.000
do
20 1906
83.p 693)Ce.xo*
Potts Cr Br 1st M $1,000,000 auth(V
1952
1
May
N
&
71
Broadway,
If
g
5
assumed
35
900.000
x
NY
1907
g
$900,000
Virginia Air Line 1st If
.1 P Morgan & Co. N Y
4 g J & J July 1 1936
885.000
Raleigh & Southw 1st M 41.500.000 g assumed-Cex 3534 1906
do
5 g J & J Jan 1 1929
do
3.698,000
Gen fa & Imp M $11,000.000 red 107 SS _ Usm.xo•&r• 1.648 1909
31,390,000
4% g F & A Feb 1 1930
Office, 71 B'way,N Y
-__ 1910
Convert g bonds $37,200,000 red text Ustnsms&r*
Dec. 1 1930
5
See text
x
-__ 1911
First lien & itnpt mtge $125,000,000 authorized
5 g I & D June 1 1919
Ryc*
33,000,000
1914
Secured gold notes $40,000,000 red text
Guaranteed bondsJ P Morgan & Co. N Y
4 g A & 0 Oct 1 1938
820.000
--- 1888
Elevator Co let mtge gold min & Int guar_Ce.zo•
do
Oct 1 Oct 1 1988
4
do
83.500
--- 1888
2d M inc n-c(C&O owns$367,000) not guar-zct
do
4 g M & S Moll 1 1945
do
*4,500.000
-- 1895
Louis & Jeff BIM 1st M $5,000,000 gu p & I end_os
1948
1
Feb
A
do
&
F
5
500,000
1.x
&
p
gu
do
322)
p
67,
-(V
Id
let
Trans
1898
Teri&
Norfolk
do
434 F & A Aug 1 1945
do
750.000
--- 1905
Western Pocahontas Corp 1st M (V 84. p 995)_x
do
do
83,000
434 F & A Aug 1 1945
Extension No La
do
-_- 1908
do
do
1946
1
Oct
0
do
&
A
51,000
No
434
do
Extension
do
2..x
1906
--do
do
1943
1
June
New
D
York Trust Co, N Y
4g J &
10.000.000
--- 1903
Richmond-Washington Co (one-sixth interest)_-1930
1
July
J
&
Office.
.1
71
5
par___Bax
red
B'way,
6,700.000
MS30,000.000
N Y
262
Ind-lst
1910
of
Ry
0
Zhes &
do
do
Ch C & L miss equip contracts to June30191376,178 4 & 6 FVarious
New York Trust Co. N Y
& A Aug 1 1945
5g
666.000
-27 igija
N
Chesapeake Western-C & W RR 1st M geld
See text
4 g A & 0 Oct 1 1951
1.419.000
41 1901
Chesapeake Western Ry mtge $1,435,000 g__Eq.o•
186,000
Columbia Trust Co, N Y
6 g F & A Aug 1 1955
36 1905
Chesterfield & Lancaster-let M $750.000 g-Colso*
Q-M Mar 4 1915. 1% Treasurer's office, Philo
6
195,650
Chestnut Hill RR--Stook rental P & R Ry
Checks mailed
'10,
15
Feb
2%
A
&
F
text.
See
19,542,800
stook
RR-Commen
Chicago & Alton
do
19.544,000 See text. J & J Jan 16 1911.2%
Preferred stook 4% non-cumulative
do
4 In 1912 J & J Jan 15 '12. 2%
4% cumulative participating and prior lien stook -879,300
First
1949
43
1
0
00
Oct
0
National Bank.N Y
330,
,
&
A
g
3
873.9 1895
Chia & Alton RR (old) ref Mg (see text) IC.xes &r•
do
do
22,000,000
354 g I & J July 1 1950
943 1900
First lien (old Ry) M subject to call at par_F.xo&r
60 Wall Street. New York
J & D June 1 1922
5
1,087,000
CexiEqually
___ 1907
Debentures. subject to call
do
do
6 g J & I July 1 1932
Gen If 320,000,000 g red text_ Ustnac•&el secured
15,330,000
___ 1912
Bankers Trust Co, NV
4g If & N To Nov 1915
196,000
--- 1905
Bax
0 & A Ect Assn ctfs Ser C g gu $98,000 s-a
do
'16
do
Jtme'15-.1'ne
13
&
1
g
4
339,000
gu
g
D
Ser
due
do
$113.000 s-a_Bax
-- 1906
do
do
do
656,000
flax
434 g If & N May'15-Nov'18
___ 1908
do Trust $82,000 Ser E due s-a
do
do
100,000
434 F & A To Feb 1919
x
1909
do Trust Ser F due 1311 or 1211 s-a
Co
Penn
for
ins,
Oct
1920
1
To
0
&o.Phila
de
A
¢
5
434.000
Ser G gored 101 due $72.000 an-PeP.xo*
-- 1910
do

:8
:0.
.- 1- §"

§§ §

g

a Guaranteed jointly and severally with Cleveland Clnoin nett C

taken at 8734. Redeemable in whole or part on any int. day at 101 to
June 1 1916 and thereafter at par. Remaining $7,000,000 notes cannot
be sold before July 1 1 1915 without consent of bankers. As long as
any of these notes are outstanding, no First Lien and Imps. 58 shall be issued. except such as are pledged under trust agreement, but, under restrictions, the company may sell the pledged bonds, the proceeds to be applied
to the redemption of notes. Out of the net income earned after April 1
1914, $2,000,000 for year ending June 30 1915, $3,000,000 for year
1915-16 and $4,000,000for each of the 3following years are to be used solely
for capital expendituree. Including payments and discounts upon equipment trusts; if such payments are not made quarterly, no dividend shall
be paid on the stock until overdue payments have been met. No dividends
on the stock unless the net income after April 1 1914 shall be in excess of
all matured installments of said fund and of the dividends paid. V. 98,
p. 762. 838, 911.
Louisville ds Jeffersonville Bridge.-See separate statement for that co.
Of the Greenbrier fly. 4s of 1900, guaranteed prin. and Int., and assumed
In 1903-04. 11.000.000 are reserved for extensions and Improvements. See
guaranty, V. 72, p. 626; see also V. 71, p. 554, 602; V. 79, P. 915.
Big Sandy 44 of 1904, V. 79. p. 917; V. 82, p. 297; V. 87, p. 225. 414.
1418. Guaranty, V. 81, p. 668.
Coal River 4s,\". 80,p. 2219; V.83.p.693: V.89.p. 720; V.98,0. 452.
Paint Creek Br. 4s 1211.000 reserved for extensions. V.81, P.974, 910.
Raleigh & Southwestern 45. V. 84. p. 1114: V. 89. D. 720.
Elk Horn & Beaver Valley.RR., a subsidiary, has made a mortgage to the
Central Trust Co. of N. Y., as trustee, to secure an issue of $3,000,000 let
30-year gold 5s, due May 1 1944, but redeemable at 105; int. M. & N.•.
denomination $1,000. If sold by the C.& 0., the bonds will be guaranteed
by it, prin. and hit. V. 99, p. 119.
Car Trust 4% (except series"N"434s) Gold (Denomination $1,000 each).
Mature in Installments.
Outstanding.
Series. Date.
April 1915
90,000 s.a.
"G" 1905 last installml_x_ $90,000
x 240,000 Apr. 1915-Apri11916 80,000 s.a.
"H" 1906
50,000s.a.
x 150,000 June1915-June 1916
"I" 1906
x 285,000 Aug. 1915-Aug. 1916 95,000 s.a.
"J" 1906
80,000 s.a.
x 320,000 Apr. 15 '15-Oct.'16
"K" 1906
x 448,000 July 1915-Jan. 1917 112,000 s.a.
"L" 1907
x 452,000 Aug. 1915-Feb. 1917 113,000 s.a.
"M" 1907
1,615,000 June 15'15-June 15'24 85,000 s.a.
"N" 1914
x
22,000 To May 1 1915
M.R.Co.1905
x
38,088 May 1915-May 1916
12,696 s.a.
H.B.C.Co
19,200 To Feb. 1 1916
G. E. Co. 1913-14
3,059.147 To Sept. 15 1918
S.L.C. Co 1913
25,500 To Dec. 15 1917
C.L.& C. Wks. 1914
563,992
A. L. Co. 1914
9,782,000 All owned.
C.& 0.Eq.Corp. guar
Interest paid semi-annually as indicated by maturity' date: "C.""E"and
"F" at office of Blair & Co., N. V.; "D.""G" and "H" at Fidelity Trust
Co.. Phila.; "/," "J.""L" and "M" at Blair & Co.; "K" at Guar. Tr. Co.
"N"at Commercial Tr.Co.,Phila.;"M.R.Co." at St.Louis Union Tr.Co
FINANCES.-In June 1910 dividend rate was increased from 4% to 5%
and again reduced in Sept. 1913 to 4%. In Dec. 1911 div. of Hocking
Valley Ry. was raised to 7% and in Sept. 1913 to 8%, but in Sept. 1914
the payment was omitted. V. 99, p. 816. As to notes and new $125,000,000 bond issue of 1911, see BONDS above. In March and April
1914 sold $33,000,000 5-year 5% secured gold notes to pay 628,500,000
notes due June 1 1914 and for other purposes. V. 98, p. 762. 838, 911.
EARNINGS.-For 6 months ending Dec. 31:
Siz Mos.- Gross.
Net.
OM. Inc. Charges.
Bal., Sur.
1914
619,519,486 $5.732,814 $298„107 $4,722,808 $1,308,113
1913
18,996,340 6,035,281 635,222 4.440.918 2,229,585
ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held
at Richmond on the Tuesday preceding the last Tuesday in October. Report for 1913-14 VMS given at length in V. 99.p.1048. 1066; edit.. p. 1015.
Year ending June 301913-14.
1912-13.
1911-12.
Average milers operated
2,346
2,319
2.283
Passenger earnings
66,098,059 $5,858.138 $5,505,536
Freight
28,866,516 27,549,696 27,261.475
Express, mail and miscellaneous
1,725,446
1,677,444
1.522,859
Total earnings
636,890,021 $35,085,278 $34,289,870
Operating expenses
25,853,937 24.451,580 22,635,681
Net earnings
$11.038,084 $10,833,718 $11,654,189
Other income
2,154,531
2,225,537 1.806.563
Total net income
$13,190,615 $12.859,255 $13,462,752
Interest on bonds,rentals.&c
8,887,865 48.184,888 $8,174,326
1,330,935
1.375,863
Taxes
1.014,220
(4)2,511,264 (5)3,139,050(5)3,139,627
Dividends
$480,552
Balance, surplus
$159,423 $1.134,579
OFFICERS.-Chairman. Frank Trumbull,• Pres. George W. Stevens.
Decatur
Axtell;
V.-P. and'Gen. Counsel, H. T.
Richmond, Va.: V.-P.,
Wickham; Vice-President in charge of traffic, F. M. Whitaker; Sec Carl
Remington; Treas., Jas. Steuart MacKle: Comp., L. F. Sullivan.
DIRECTORS.-F'rank Trumbull, Chairman; T.P. Shonts, H.E. HunDecatur Axtell. George W.Stevens, F. H. Rawson,
tington, C.E. Graham,Dooley.
N.Y.office, 71 D'way.-(V.98, p 1692.
,
F. H. Davis, James IT.1051, 1066, 1213, 1250. 1527;
V. 100. P. 641.)
1766; V. 99, p. 1046,
-Owns
DIANA.
Cincinnati, Ohio, to
ZHESAFEAKE & OHIO R Y. OF IN trackage rights. 23.7
in total
/ndiana-Illinois State line, 260.7 miles;
Ry. above.-(V.97, P. 49; V. 99, p. 47.)
oper•
284.4 miles. See Ches. & Ohio
River
North
Ry.-Owns
Gap, Va.. to
CHESAPEAKE WESTERN 99 years from May 1 1902 Chesapeake
&
Bridgewater, 14 in.: leases for
27 m.; total, 41 m. In 1908 all the
Western RR., Bridgewater to Elkton,E.
D. Stokes. V. 86. p. 1041.
stock and bonds were acquired by W.




St Louis.
Stock authorized, $10.000,000 outstanding. $1,419.600; of which $608,400 is pref. Ches. & West. RR has $533.500 common and $27,600 pret.
899. 1356. Year
stook outstanding. C. W. Ry. mtge. of 1901, V.
$2,415; other income,
ending June 30 1914 (41 miles), gross,679735; net.73,j,.
$33.443; int. on bonds $56,760 (not paid); taxes, rentals, &c., $48.271:
bal.. def., 49,172. Pres., W.E. D. Stokes, The Ansonia, N. Y.; Sec. &
Treas.. L. S. Petrie.-(V.78,p. 2383; V.86. p.980. 1041. 1284.)
CHESTERFIELD & LANCASTER RR.-Owns Cheraw. S. C., to Pageland and Crowburk,38 in, Bonds (limited to $750,000) issuable at $5,000
per mile. V.81,so. 1790. There were outstanding June 30 1913 $67,000
2d Os due Jan. 17 1918. Stook, $500,000. a majority being acquired in
June
June 1909 by the Seaboard Air Line Ry.. par. $25. For year ending
30 1914. gross. $64.523; net, $10.597: charges.424.433; bal., sure.. $13,837,
Pres., W. J. Harahan; Treas., R. L. Nutt.-(V. 89, p. 40.)
CHESTNUT HILL RR.-Owns from Germantown to Chestnut Hill, Pa.;
4 in.; being double-traoked May 1902. Re-leased in 1896 to Phila. & Read,
Ry., the rental being reduced from 12% to 6% on stook, the latter being Increased In June 1902 from 4120.650 to $195.650.-(V. 75„ p. 76.)
CHICAGO & ALTON RR.-(See Map Toledo St. Louis & Westernaii.)10-s.
City, &o.. in all 998 miles.
an
ROAD.-Chicago to St. Louis, Kansas
Miles. Road owned-Road ownedChicago to East St. Louis, III____280 Mexico, Mo., to Cedar Cl,Mo__ 50
to Kan. C., Mo--251
51 Roodhouse.
Sherman,/11., to Grove. III
56 Bloomington to Wann. via JackBarnett to Titus
sonville. Godfrey and Upper
27
Coal City Line. Ind
Alton (all in Illinois)
to Washington and
Dwight.
158
81 Trackage to Peoria, Ill.. &o
Lacon, /11
34 Leases Rutland Toluca & North- 1
Iles to Murrayville, Ill
27
Total owned and operated July 1 1914 (193 m. double tracked) ---1 M33
Also operates, jointly with Clev. CM. Ch. & St. L..from Wann to East
St. Louis, 18 m..and.with Atoll. T,& S. Fe, from Joliet to Pequot, 20 in.
The stook of the Peoria By. Terminal Co. Is owned by the Chicago & Alton
and Chlo. R. I. & Pao. By., which guarantee the first mtge. bonds ($1,500.000 auth. Issue) and 1st & ref. M. bonds. V. 81, p. 1099: V.83, P.752.
1171. 1291; V. 84. p. 451: V.85, p. 159.
The Rutland Toluca & Northern RR. Is leased for 999 years and Its bonds
guaranteed prin. and Int. V. 91, p. 1024; V.93, p. 408.
ORGANIZATION.-The (old) railway company was organized in April
1900 and purchased substantially all the stock of the Chic. & Alton Railroad.
The two were consolidated In 1906 per plan V. 82, p. 451. the Railway
changing its name to the C. & A.Railroad. V.82. p. 160: V.70, p.686.995.
In July 1914 arranged to use Union Station Co. of Chicago's facilities when
completed. V. 98. p. 195.
STOCK.-The cumulative 4% participating and prior lien stook is entitled, In addition to prior right to accumulative dividends at the rate of 4%
per annum, to receive additional dividends equal to the rate of dividends
declared on the common stock of the consolidated company. in Aug. 1907
the Toledo St. Louis & Western purchased from the Rock Island the cot:trolling interest, viz., $14,420,000 corn. and $6,380,000 pref. stock, and
deposited the same under its collateral trust bonds.on which Interest was
p.341,408. 1051,1216.
defaulted Aug.11914. V.88.p.468,529,792;
p. 1484; V. 95. p. 361.
Union Pac. owns $10,343.100 pref. stk. V. 84.V.99'
'06. 07.'08. '09. '10. '11. '12. Oct. 1914.
DIVIDENDS.1 4 2 -None since-.
Common stock
None
2 4 4 4 4 2 None
Preferred stock
None
2 4 5 8 6 4 2
Prior lien participating pref
V.
1021:
p.
p.451.
82.
V.71,
1900.
BONDS.-First lien (old Ry.) 3345 of311
the of 1899 will provide funds for imThe Railroad (old) mtge.securing
were
$40,000,000
of
to be
excess
in
Bonds
extensions.
provements and
of stockholders for extensions of
issuable thereunder on vote of two-thirds
per
$20,000
exceeding
fund
to
mile,
not
at
traok,
main
miles
not over 500
and for future betterments not to exceed
leased line rental obligations
$1,000,000 per annum. from Jan. 11900. In July
$5.000.000, at not overoutstanding.
V. 69. p. 178; V.69, P. 26, 129, 541;
1914 445,350,000 were
V.70. p429.739.995; V.79, p. 211.967; V.84. p.480.507.626,803.809:
293.
99.
V. 88. p.
M.gold bonds, $15,330M00 were
Of the issue of $20,000,000 of 6% gen.
being owned by the Union Pacific
outstanding June 30 1914. $7,665,000
Sept.
1914
in
$319.000 and in Jan. 1915
$585,000,
1914
June
RR. In
to be issued for improvements. V.99.47,894:
$580.000 were authorized
$4,100,000 were reserved to retire 3.766,500
V. 100 p. 139. Ofthe bonds,
obligations and $1,425,000 to refund $1,284,000 debentures
equip,
are redeemable on any interest day after Jan. 1
due June 1 1922. Bonds
V. 94, p. 1565, 1695; V. 95, p. 749; V. 96. p. 789; V. 98. p.
105.
1915 at
838. 1315.
LATEST EARNINGS.-f1914----Gross, $7,546,618; net, $1,693,010
6 mos., July 1 to Dec. 31.11913--Gross. 7,969,957; net. 1,278.184
REPORT.-For year ending June 30 1914 was in V. 99, p. 1665.
1913-14.
1912-13.
1911-12.
614,156,275 $15,254,864 $14,535.722
Gross earnings
12.141,352 12.840,072 10,885.200
Operating expenses
$2,014.923 $2,414,792 $3,650,522
Not earnings
62,042,255 $2,423,855 43,657.810
Net income
&c
rental,
761,179
557,888
equipment,
677,800
Hire of
568,938
461.656
486.761
Taxes
3,109,398 2,773.735 2,625.009
Interest on bonds.&c
250,024
250,024
250.024
Dividends on guaranteed stocksoff__ _
115.000
66,953
119,025
Discounts on securities written
stock
lien
prior
(4%)35.172
on
Dividends
62.762,290 $1,883,290
6338,893
Balance, deficit
DIRECTORS.-Pres., W. G. Bierd; Chairman Executive Committee.
R. S. Lovett' V.-P. & Treas., F. H. Davis; Sec., James Steuart MacKle:
J. J. Mitchell, Joy Morton, Edward Tilden, Wm. G. Beale, Samuel Insult,
Roberts Walker. Louis C. Krauthoff and Julius Kruttschnitt.-(V. 99, p.
1627, 1666; V. 100, p. 139.)

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34

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c.. see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. 100.
Last Dividend Places Where Interest and
and maturity
Dividends are Payable

Chicago & Alton (Concluded)Kansas City St Louis & C preferred stook guar_-__
162 ___
$100 $1,750,000
Q-F Fob 1 1915
8
Checks mailed
37 ____
Joliet & Chicago 7% stook perpetual guar by C do A
100 1,500,000
Q-J Jan 4 1915
7
do
do
Louisiana & Missouri guaranteed preferred stock_
101 ____
100
F & A Feb 1 1915
7
329.00(1
do
do
beg
Rutland Tol & No 1st AI g gu red
Oct'15-NCc•
27 1910
100 &c
225,000
4 g A & 0 Oct 1 1930
Northern Tr
Chicago
Chicago Burlington & Quincy-Stook
100 110,839.100 8 in 1914 Q-M 25 Dec26 1914 2% N Y. BostonCo,
& Chicago
Gen mtge $300.000,000 lawful money___Ce.ze &r• 8,491 1908 1 000 doe 64,247.000
4
M & S Itch 1 1958
Bank of Commerce, N Y
Illinois Div first mortgagel$85,000.000 currency _ 11,647 11899 1.000doo 50,451.000
315 J & J July 1 1949
do
do
11899 1.000 doo 33.976.000
(V.83. 9.625: V.69. P. 283)f redeem at 105__NBz[
J & J July 1 1949
4
do
do
Sinking fund Iowa Div be (coil trust) drawn at 105z
891 1879
1,000 2,082,000
A do 0 Oct 1 1919
5
do
do
Sinking fund Iowa div. 45 drawn at 100
zo&r
891 1879
1,000 5.355,000
4
A
do
0
Oct
1
1919
Bank
of Corn N Y; & Boa
Sinking fund 4s (So W Div) drawn at 100_ _ _ _zo•&r
___ 1881
1,000
561,000
M & S Sept 1 1921
4
do
do
Denver erten (coil tr) bonds s f drawn at 100.NBzo•
370 1881
100 doe 1,507.800
4
F & A Feb 1 1922
do
do
&Nebraska ext 420,000 p m (8 f not drawn)NB•zo•&r 1.471 1887 1.000 &c 21,885,000
M
&
4
N
May
1 1927
do
do
aB do Mo RR in NeblLand gr s f drawn 100_ _NM 1 ___ 11878 600 &c 1.867,200 f 6
J do J July 1 1918
Bank of Commerce. Bost
aCons M ;14.000.000f
do drawn since 1908_ _z f
11878 600 &c
J. & J July 1 1918
1 6
do
Nod & Tar Aral Rile let mtgs if (drawn at par)-xo•
do
59 1880
1,000
40,000
7
J & D June 1 1920
Second Nat Bank.Boston
aRep Val 1st M guar (red at par) at $14,000 yrly_zo
90 1879 600 &o
& J July 1 1919
6
115.200
J
Bank
of Commerce. Bost
Chic. & E III-Pref stk 6% non-cum ($15,000.000)----------100 12.191.7006 in 1912 Q-J Apr 1 1913 134 Hanover
Nat Bank, N Y
Danville & Grape Creek RR-lst M assumed _zo•
9 1880
1.000
6
97.000
M & N May 1 1920
Central Trust Co, N Y
First mortgage extension
xo•
14 1881
1,000
D Deo 1 1931
91.000
6
Fourth Nat Bank, N Y
Consolidated mortgage (for $5,948,000) gold _Ce.zo•
191 1884
1,000
Oct
1
&
1934
2,736,000
6
0
g
A
Central Trust Co, N Y
General consol and 1st M $30.000.000-Ce.zo•&r
817 1887 1,000 doe 21.343,000
AI & N Nov 1 1937
5
do
do
Chio & Ind Coal-lst M $25.000 p m assum_Mp.zo•
176 1885
1.000 4,626.000
J & J Jan 1 1936
b
July '14 coup not paid
Evansville Terre Haute do Chicago Income mortgage
___ 1881
1,000
M & N May 1 1920
5150.000
6
Farmers' L do Tr Co, N I'
Receivers' certificates $6,000,000
1914 1,000 &c 6,000,000
J & J July 1 1915
6
Equitable Trust Co.NY
Refund do imp M (text) g red at 10215__Ba.xo•dor•
817 1905 1.000 deo 18,019.000
4 g J & J July 1 1955
July '14 coup not paid
Pur mon 1st MCoal bds $7.000,000g red textCe.xc•&•
1i 1.000 Sec 5,167,000
s if F & A Feb 1 1942
Feb 1915 coupon not paid
Evansv & T H 1st consolidated M gold
F xo•
144 1881
1,000 3,000,000
6
g
J
do
1921
J
July
Bankers
1
Trust Co, N Y
Mount Vernon Branch mortgage gold
F.m•
25 1883
1,000
375,000
6 g A & 0 Apr 1 1923
do
do
Sullivan Co Coal Branch mortgage gold
F•xo•
___ 1890
1.000
450,000
A
&
5
0
g
Apr
1
1930
do
do
First general mtge for ;7,000,000 gold
F•xo•
199 1892
1,000 3,175,000
5 g A & 0 Apr 1 1942
Bankers Trust Co
Refunding mortgage $1,284.000 red par
Ni
___ 1911
50 &c
1,284,000
.1 & J July 1 1941
New York
5
Evansville do Ind 1st M gold guar
F.xo•
54 1884
1,000
647,000
6 g J & J July 1 1924
July '14 coup not paid
Cons M ($2,500,000) g gu p &I (end) E&TH F.xo•
134 1886
1,000 1,853,000
6 g J & J Jan 1 1926
do
do
Evansville Belt Ry first mortgage gold
x
4 1910
1,000
142.000
Columbia Trust Co,NY
b g M & N Nov 1 1940
C&E I Ea bds Ser Edue $125.000 e-a(V 81 p 1043)Bax
--1905
1.000
&
g
F
250,000
A
Feb
'15-Aug
See
text
434
'15
a See option of exchange for general 151 4e. V. 33. 9. 106 0. 1127, 1559; V.89.p.40. I Mostly owned b y Erie Railroad . 401
which in treasury
June 30 1914. $2,000.

CHICAGO BURLINGTON & QUINCY RR.-(See Map.)-ROAD
Controlled and operatedOtter Creek Jot. to Terre Haute._ 6
crates a great system of roads extending from Chicago westerly, reach -OpSt. Ev. & Ind. RR.,Evansv. to Terre
Other lines
45
Paul and Minneapolis, Minn.;St. Louis and Kansas City, Mo.; Omaha ng
Neb.;
Haute via Worthington, &o_146
Denver, Col.; Cheyenne, Wyo.: Black Hills, S. D., and Billings. Mont. The
Other Trackage, &c.Total operated July 1914 ___1.282
accompanying map shows clearly the system, viz. (In miles):
Pana. /II., to East St. Louis_ _ 85 2d and 3d track
210
Lines east of Missouri River_ .4.389(Lines leased
320 Chicago to Dolton, Ch. & W.Ind- 17
Lines west of Missouri River___4,483INarrow-gauge lines
72
Also leases to other companies Rockville extension, 17 miles.
Total operated June 30 1913
9 264
IIISTORY, &C.-In 1902 the St. Louis & San Francisco (now in receivIn Dec. 1908 $23.657.500 of the $31,000.000 Colorado & Southern corn. ers'
hands) acquired the greater part of the stock. In 1911 merged the
stook (practically a controlling interest) was acquired, affording connec- Evansville &
Terre Haute. Owns $1,000,000 stock Chic. & Western Ind.
tions with the Gull of Mexico. V. 87. p. 1663: V. 88. p. 157. 685.
On
May 27 1913 receivers were appointed, there being a floating debt of
Extension of 124 miles to the Powder River and Orin Jct.. Wyo., was
$5,000,000; W. J. Jackson or Chicago is now receiver. On Nov. 27
completed In Aug. 1914. enabling through service to be begun Nov. 1 1914 about
1914 Francis S. Peabody of Hinsdale, Ill., Jackson K. Dering of Lake Villa,
over the Hill lines between Seattle, Wash., and Galveston, Tex. V. 99, III., and Jabez
Wooley of Evansville, Ind., were appointed separate receivp. 673, 1831. Under construction. 30 miles. Scribner to Fromberg. ers for coal properties.
V. 99, p. 1596, 1748. St. Louis & San Francisco
Mont.. and 25 miles, Hudson to Greeley, Col.
is also in receiver's hands.
Nashville
with
the
jointly
Chattanooga & St. Louis the Paducah
Will own
Receivers' Certificates.
$6,000,000 issue was sold in 1914 to provide
& Illinois RR., which will build a double-track loridge over the Ohio River for maturing receivers'-The
certifs. V. 99, p. 47.
at Metropolis. Ill., and is constructing a line from Metropolis to Paducah.
Defaults.-The interest due July 1 1914 was defaulted on Ref. & Impt.
Ky.. 12 m., and will jointly guarantee $6,000.000 bonds. V. 99. p. 341. 4s, Chic. & Ind. Coal 5s and Evansville & Ind. 1st
6s and 1st
6s;
ORGANIZATION, &c.-A consolidation in July 1875; since merged also the Feb. 1915 int. on the Purch. Money 1st lien Coal 5s. consol.
V. 98. p.
Chicago Burlington & Northern, Kansas City St. Joseph & Council Bluffs, 1919, 1992; V. 100, p. 307. In July 1914 foreclosure suit was brought
under Ref. & Impt. M., and in Jan. 1915 under Chic. & Ind. Coal mtge.
Hannibal & St. Joseph, Burlington & Missouri, &o., &o.
In 1901 $107,613,500 of the $110,839.100 stock was exchanged for the Equipment trust payments due Feb .1915 were not paid when due, but
joint 20-year 4% bonds of the Gt. Northern and Northern Pacific. secured were expected to be within period of 60 days' grace. V. 100, p. 473. 228;
by the deposit of the stook in trust, on the basis of $200 in bonds for $100 V. 99, p. 119,• V. 100, p. 228.
Committee for Ref. and Impt. Bonds and Equipment Obligations.-John W.
stock. See V. 72. p. 871; V. 73. p. 293. and bonds under Great Northern.
(Chairman); Calvert Brewer, Sec.; U. S. Mtge. & Trust Co..
D/VS. 1 '98. '99 to Sept.'01. '02 to July '07. Oct.'07. '08 to Dec,'14. Platten
depositary. V. 96, p. 1555; V. 98. p. 999: V. 99. p. 47.
7 yearly.
Per oentf 615
6 yearly.
8
8 y'ly (quar)
Committee
for Si. L. & S. F. Trust Certifs. for Corn. and Pref. Stocks and
BONDS.-In April 1909 the holders of bonds of various issues (marked C. & E. I. pref.
stock.
W. Krech (Chairman), Richard R. Hunter,
"a" above) were offered the option of exchange for general mortgage 4% Sec.• Equitable Trust -Alvin
Co., depositary. In 1914 certifs. and stock represenbonds on certain terms. V. 38, P. 1060, 1127, 1559: V. 89. p. 40. 720. ting'
over
of
957
1141. The general mortgage bonds (8300,000,000 auth. Issue, interest not trolled. V. 96, com.and 90% of pref.stock had been deposited or wasconp• 1628. 1700; V. 97. p. 175, 1425; V. 98,
to exceed 5%)are a first lien on about 3,328 miles of road.and on retirement
Committee for Chic. & Ind. Coal 1st 5s.-James B. Mahonp•1692.
(Chairman).
of the outstanding underlying bonds, for which bonds are reserved as below Charles
E. Sigler, Sec.; Central Trust Co., N. Y.. depositary. V. 98. p.
noted, will be a first lien on the entire mileage owned, aggregating 8,491 1992.
In Nov. 1914 83,343,000 bonds had been deposited. V.99,
miles. The generals have been issued or are issuable as follows (see V.
p. 195.
269,
1299.
1596;
V. 100, p. 228.
86, p. 1342, 1466; V. 88. p. 504. 685; V. 92, p. 525; V. 96. p. 789.
Committee for Evansv. de Ind. Bonds.-Fredk. H. Shipman (Chairman),
To retire outstanding bonds (incl. $17,428,300 in sink. fds.)_ 4177,000,000 Edwin
Gibbs,
Sec.;
Farmers'
Loan & Trust Co., N. Y. depositary. Large
Issuable for reimbursing the treasury for outlays already made
by it for betterments and additions ($22.000,000 sold)---- 45,000.000 majority deposited. V. 99, ja. 119, 341; V. 100. p. 473.
Committee for Purchase Money Coal Bonds.-George C. Van Tuyl Jr.
Tamable for additions, improvements and betterments of and
to the mortgaged property (of which $13.724,000 sold) _ ___ 78,000.000 (Chairman), James F. McNamara, Sec.; Metropolitan Trust Co., I. Y.,
depositary. The committee advanced the amount of the Feb. 1915
In Jan. 1909 320.000.000 general 4s were sold, of which $13,724,000
were
used to purchase $23.657,000 Colorado & Southern common stock, in Feb. coupons. More than 75% deposited. V. 100. p. 307, 641.
STOCK.-Common stock outstanding was 87.217.800 ($15,000 per mile);
1911. $8,000.000, in March 1913 85,000.000. in 1914 85.000,000. V. 88.
pref., $12.191,700. In addition. 86.408.300 com. was held in trust by
P. 685; V. 92, p. 525: V. 96, p. 789; V. 98. p. 999, 1315.
The Iowa Division bonds are a first mtge. on the main line in Iowa from Equitable Trust Co. in July 1914 as a part of"trust assets" under agreement
Burlington to East Plattsmouth, on the Missouri River. 270 miles, and on dated July 11905. for improvements, acquisitions or refunding. V. 85. la•
621 miles of branches and 86 miles of second track. These bonds have a 1001: V. 92, p. 1374. 1435; V. 93, jo. 229, 58F. 1393.
linking fund of 1 15% ($203,800) yearly, for which the 45 are subject to call
The St. Louis & San Francisco RR. gave in exchange for the corn. and
at 100 and the 58 at 105. The single main line and branches covered "shall pref. stock its stock trust certifs. (entitled to divs. at rate of 10% and 67
not exceed in the aggregate 900 miles." at $16,000 per mile: on second track per annum respectively; in default in 1914) at rate of $100 thereof for each
additional $14.000 per mile. V. 65. p. 462.
$100 share. V. 75, p. 289. All of the $7.217.800 corn., and in June 1913
The Nebraska Extension bonds of 1887 are Issued at $20,000 per mile
of the $12,191,700 pref. then outstanding, was exchanged
for 88.402.500
single and $10.000 per mile for second track on not exceeding
on this basis, but subsequently holders of $300,000 pref. exercised their
1.500 miles. option
Now a direct first lien. Abstract of deed, V. 45, p. 441; V. 85.
of re-exchange after company'sfailure to pay the July1913 dividend
p.
721.
after demand therefor. V. 75. p. 289. 393. 1031: V. 82. p•
Burlington & Missouri RR. in Nebraska consol.
of 1878 is now a within 30 days
1st M. or 1st coil, lien; bonds subject to call for the mtge.
48: V.98.0. 1992. A majority of the 10% common stock trust certificates
sink, fund at par.
exchanged for certificates in denominations of 81,000 each.
1905
in
were
EARNINGS.-6 mos.,11914
Gross, 849,794,216; net. $19.280,652 representing 4 shares of common stock, bearing 4% int., and payable in
July 1 to Dec. 31.
11913
Gross, 51,495,123; net. 19,125,836 1942 at face value. See form. V. 80. p. 1856.
ANNUAL REPORT.-Fiscal year ends Juno 30. Report for
1913.
was In V. 99. p. 1359, 1379 (see also editorial, p. 1409), showing 1913-14 DIVS.%-} '02. '03. '04. '05. '06. '07. '08. '09. '10. '11. '12.
results:
6 155,115. 0,0
On pref__ 6 8 6 6 6 6 6 6 6 6
8 5 8 10 10 2 8 915 5_ - - 1913-14.
6
_
6
ootn
On
1912-13.
1911-12.
Average miles
9.140
9.110
9.074
BONDS.-The general consol. and first mtge. of 1887 (trustee. Central
Freight
$62.799,188 $64,073,856 $57.740,418 Trust
Co.) provides for the retirement of $6,307.000 prior bonds and for
Passenger
21.743.507
21,895.691 21.083.419 issue of bonds on new road at 818.000 per mile for single track; also for bonds
Mall and miscellaneous
8,208,239
8.414.939
7.999,231 for equipment at $7,000 per mile and for double track at 18.000 per mile.
was limited to $30.000,000. See V. 64. p. 1088: V. 78. p.
Gross earnings
892,750.934 $94,374.486 186.723.068 In 1897 issue
Operating income after taxes
1446; V. 79, p. 1331; V. 80, p. 1728; V. 84. p. 1550; V. 96. p. 284.
xes
$26,433,388 127.840,545 822.650.360
the refunding and improvement gold 45 of 1905 (355.000.000 auth.
Other income
Of
1,501.077
1.959,930
2.151.044 Issue). $2,221,000 are reserved for additions and improvements. Including
Total income
and $34.626,000 to retire. $ for $. $30,000,000 gen. consol. and
827.934.465 829.800,475 124.801,404 equipment,
issued and issuable. and $4,626,000 Chicago & Ind. Coal be.
Interest, sinking fund, &c
110,820.058 10.369.728 110.694,650 1st 5s of 1937,
Betterments
V.80, p. 1424: V.81. p. 1436: V.88. p. 451: V.90. P. 558: V.92. p. 117:
5,715,875
7.647.743
3.944,216 V. 93, p. 588; V. 94, p. 487.
Dividends on stock (8%)
8.867,128
8.867.128
8.867.128
As to the purchase money First Lien Coal bonds (87.000.000 auth. Issue).
95, p. 1039, 1122, 1393; V. 100, p. 307.
Balance, surplus
$2,531,404 32.915.875 $1.295,410 see V.94, p. 629; V.
Gross. $7,594.876; net, $1,934,459
EARNINGS.-6 mos.,(1914
DIRECTORS.-Hale Holden (Pres.). Geo. B. Harris,
es
M.
Gross, 8,492,975; net, 1,372,202
July 1 to Dec. 31. 11913
Dawns, William V. Kelley, Frederick It. Rawson and Samuel Chester
C. Scotten•
1913-14 was in V. 99, D. 966.
Chicago, Ill.; Louis W. Hill, Jules M. Hannaford, Richard A.
-For
REPORT.
Jackson'
,
1913-14.
1912-13.
St. Paul. Minn.; Charles E. Perkins, Burlington, Ia.: W.P. Clough, N y.
Years ending June 30-1911-12.
-or. 99, p. 1359, 1365, 1379, 1831; V. 100. p. 396.)
$15.544.286 $16,214,972 $15,215,513
Operating revenue
1.944.774
(after
income
taxes)
2.718.460
Operating
EASTERN
ILLINOIS
RR.-Operates road (double track)
cH iCAco Sc
income)
3,035,966
other
3.803.448
(including
Net
4.718.361
to Danville Jct., 106 m.)from Chicago,III., to Evansville.Ind. and bitumi- Interest
4,561,858
4,252.814
and rentals
3.660.562
nous coal fields; also to St. Louis. Mo.,and Thebes to Joppa. Ill.
(435)492,567 (6)591.963
Dividend on preferred stock
Miles. Coal Bluff, /d., to Casey. /nd__
Lines Owned in Feestock
common
(5)360,890
7 Dividend on
107 Woodland, III., to Villa Grove___ 62
Dolton to Danville. III
def1.525,892 def941,933 sur104.946
Balance for year
61 Findley, Ill., to Pana
Danville, III.. to Brazil, Ind
20
OFFICERS.-Pres., W. J. Jackson, Chicago; V.-P., Alvin W. Krech,
Branches
Ind.130
to
Brazil,
Coal
/11.,
to
la
Mines
Momenoe Jot.,
N. Y.; See., J. S. Ford, Chicago.-(V.100, p. 228,307,473,641.)
Danville Jet., Ill., to Thebes. 111_277 Roseville Jet. to Judyville. Ind
14
16 Ffunt's Extension
CHICAGO & ERIE RR.-(See Map Erie RR.)-Owns from Marton 0.:
Joppa Jot. to Joppa, Ill
7
Evansville
to
B
leto
11
m
T
te
.
v
rreHo
ern an
50 to Hammond.Ind.,249 miles, and leases trackage over Chicago &
u!e&c
Canna Jot. to Cissna Park.
109
to Chicago. 20 miles. Erie RR. Co. owns entire 8100.000 stook.
WeseInd•
Roseville Jot. to Side') Jot., /LI- 34
Percy Jot. to La Crosse, Ind____ 46 Evansville Belt
5
BONDS.-The first mortgage (trustees, Central Trust Co. and Edward
Milford Jot., Ill., to Freeland, Ind 11 Other
2 Daniels) covers 249 miles of road, the contract with the Chicago & Western




FEB., 1915.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rale
%

When
Payable

35
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Chicago & Eastern Illinois (Concluded)C & El Eq bonds Ser F $220,000 s-a (V 82 p 750)Bax
$1.000
$660,000
--- 1906
434 g F & A Feb '15-Feb '16 See text
do Series G due 1124.000 ii-a(V 86y0 1284)Bax
--- 1907
1,000
5 g A & 0 Apr '15-Oct '17 Bankers' Trust Co. N Y
744,000
do Series H due $166,000 or $165,000 ria_ .x
..... 1912
1.000 2,482.000
5
M & S Sept'15-Sept'22 NY and Corn Tr Co,Phil
E&T H en bdsSer C due 160,0005-a(V82, p627) Bax
1.000
--- 1906
180,000
434 g F & A Feb '15-Feb '16 See text
Chicago & Erie-1st M g int guar till prin paid_Ce.ze•
249 1890
1,000 12,000,000
5 g M & N May 1 1982
Erie Railroad. New York
Income bonds for $10,000.000 5% non-cum____Nz
249 1890 1.000 &c 10,000,000
Oct 1 1982
f
Terminal first mortgage gold
z
1888
300,000
5 g J 63 J July 1 1918
Erie Railroad. New York
Chicago & Grand Trunk-See Grand Trunk West By
Chicago Great Western-Common stock $46,000.000
100 45.246,913
--- ---Pref (p & d) 4% cum red $50.000,000 auth
100 44,137,402
First mortgage gold $75,000,000
(1.xo•&r*
756 1909 $• £ & tr 25.687.500
4 g M & S Sept 1 1959
3 P Morgan & Co
Minneapolis Terminal mortgage gold assumed____z
1.000
1900
500,000
334 g 3 & J Jan 1 1950
Bank of Montreal. N 1t
Chicago & Great Western-See Bait & 0 Chicago Ter RE
Chicago Hammond & Western-See Indiana Harbor Belt ER
Chic Hats Term Tran sf-lst M $1.000.000 a red 105 sfx
-__ 1911
100 &c
550.000
6 g J & J Jan 1 1931
Northern Trust Co. Chic
Chicago & Ill Midland-lst M $3,000,000 gold___x
2,500,000
26 1913
5 g J & D Dec 1 1938
Chicago & Ill W-Gen(new lst)M g gu red par_CC.xo•
1.000
--- 1907
820.000
6 g J & J July 1 1947
Con&ComTr&SavBk, GI]
Chicago & Indiana Coal-See Chicago & Eastern Ill
Chic Ind & So-See New York Central RR.
Chicago Indianapolis Cc Louisville-Common Stook__
100 10,500.000 See text .7 & D Dec. 30'13 1 li J P Morgan & Co, N Y
--- ---Preferred 4% non-cumulative 15.000,000
100 5.000.0004 in 19145 & D Dec 30 '14 2%
do
do
C I & L ref(now 1st) M (($4,700.000 are 6s)_--Cex
1857
Loot)
9,700,000 5 & 6 g J & J July 1 1947
865
do
do
x
509 1910
do $15,000,000 gold1Series C
1.000 5,300.000
4 g J & 3 July 1 1947
do
do
General mtge $4,000,000 red 10034
Ba.c*&r•
_-- 1914 1,000 &c 1,500,000
5 g J & J July 1 1919
Bankers Trust Co, N Y
Indiana Stone RR first mortgage guaranteed
-------1.000 In treasury
5 g M & S Sept 1 1948
New York
/ndianap Si Loulsv 1st m $6,000,000 gold gu_ (1.xci•
60 190
1.000 1.650.000
4 g J Si 3 Jan 1 1956
Guaranty Trust Co. N lr
Monon Coal Co 1st II g int gu a 1 red 110-13a xc•
--- 1911
1,000 2,875,000
5 g J & 13 June! 1936
New York
Equip bonds Ser A g due part semi-annually
1911
x
1.000
278,000
434 g M Si S To Mch 15 1921 Equitable Trust Co, N I
do
--_ 1911
1,000
do Ser 13 due 137.000 or 538.000 s-a x
525,000
434 A 54015 To Oct 15 1921 Bankers Trust Co. N Y
do
--- 1913
Ba.xc
do Ser 0 due $50,000 s-a
1,000
850.000
434 F & A To Aug 1 1923
do
do
Equipment note due $25,000 quarterly
1913
6
125.000
Q-F 15 To May 15 1916 Haskell Barker,Mich Cit3
Chicago Indianapolis & St Louis Short Line-See Cle veiand Cincinnati Chic ago & St Lo uls
Chicago Junction RR-lst M $2,327,000 g red 105-xc•
-- 1905
1.000 2,327,000
4 g let & S Moll 1 1945
Harris Forbes & Co Chh
Chicago Kalamazoo & Saginaw-lst M *2,000.0000x
55 1909 1.000 .Ser 1.268,000
4 g J & J July 1 1959
Guaranty Trust Co, N 11
___ 1909
Chicago Lake Shore & East-lst Mg gu red text..x.c•
1.000 9.000.000
414 g .1 Si D June 1 1969
71 Broadway. New Yorl

Indiana, $1,000,000 of that company's stook and $240 000 stook or Chicago
Belt By. See abstracts. V. 51. p. 911: V.61. D. 750
EARNINGS.-6 mos.,t1914___Gross, $2,895,516;
net, $784,605
July 1 to Dec. 31.
1913__ _Gross, 2,823.914; open def.. 161,233
For year ending June 3 1914. gross, $5,460,145; oper. def.. $332,252;
In 1912-13, gross, $5,493.371; net, $157,588. In 1911-12. gross, $5,271.096; net, $590,970; other income. $87,434; int., taxes. &c.. 81,851,653;
improvements, $137,032; bal., def., $1,310.281.
CHICAGO GREAT WESTERN RR.-Forms the "Corn Belt" route.
radiating from Oelwein, Iowa, northerly to St. Paul, easterly to Chicago
and southerly and westerly to Kansas City and Omaha.
Lines owned (total, 756 miles). Miles.
Operated under agreement. Miles.
Chicago to St. Paul
400 Mason Cy& Ft.Dodge.386 m.,v1z.:
Oelwein to St. Joseph
°dwell], In.. to Coun'l Bl'ffs_ 259
290
Bee Creek to Beverly
Haylield,Minn.,to Clartonja- 100
23
Sumner to Waverly
22 Branches to Coalville, &c
19
Mantorville. &c., branches
Trackage20
Leavenworth to Kansas City
1 Council Bluffs to So. Omaha__
8
Trackage (total, 77 miles)Wis.Minn.&Pao.RR.,277 miles,
St. Paul to Minneapolis
11
Mankato to Red Wing, Minn- 96
Chicago Terminals
Red Wing to Osage, /a
10
118
Galena Jct.. Ill.. to
Winona to Simpson, Minn--- 54
Ia. 14
Des Moines Terminals
Dubuque.
Branch to Clay Banks. Minn3
3
Leavenworth to Kansas City
25
Goodhue to Belle Chester-6
St. Joseph, Mo.. to Bee Creek___ 9
Other trackage
Total earnings June 30 1914_1.496
5
The entire capital stocks of the Mason City & Fort Dodge RR. Co. and
the Wisconsin Minnesota & Pacific RR.Co. are owned and their roads operated under agreement. See those companies. In 1910 acquired entire
stock of Leavenworth (Kan.) Term. Ry. & Bridge Co
V. 91, p. 214. 397.
In July 1914 $6,177,000 of the $6,232,000 Wisconsin Vlinnesota
& Pacific
bonds had agreed to accept the offer of the Chicago Great Western to give
in exchange per $1,000 bond $500 each in 0. G. W. 1st M.4s with Sept.
1
1913 coupons attached, and $500 in pref. stock,
Oct. 1912 coupon on
the W. M.& P. bonds being paid in cash, and thethe
remaining 155.000 were
given the same privilege. V.97, p.49. 523, 728, 1203.
/e17; V.99, p. 673.
In July 1914 leased for 50 years to Minneapolis St. Paul
Rochester & Dubuque Electric Traction Co. the line extending from Randolph
to Mankato,
Minn.. 57 miles. V. 99. p. 195.
ORGANIZATION.-Incorporated in Illinois Aug. 20 1909 as successor;
per plan V. 88, p. 1497, of railway of same name acquired at judicial sale
by J. P. Morgan & Co., reorganization managers, V. 89. p. 528, 592. The
plan provided $9.892,274 for Improvements and equipment. Holders of
old pref: B and common stock participating paid assessments of $15 per au.
Proposed new Chicago joint freight terminal, V. 99, p. 1365.
STOCK.-The pref. stock ($50,000,000 auth. issue) will be entitled to
non-cum. dive. at 4% per ann. to June 30 1914 and to cum. dive, thereafter
at that rate ahead of the corn. stook,and also to a preference as to principal
and accrued dividends in case of dissolution or liquidation. The voting
trust expired by limitation on Sept. 1 1914. V. 99, p. 406, 1450.
BONDS.-Of new first 4s. 518.500.000 were sold to the syndicate and the
remaining $9.500,000 of the $28,000,000 present issue, of which $4,000.000
have been sold, were reserved for additions and betterments as required.
say within the next two or three years. In Feb. 1915 was authorized
to issue $2,748.000 additional 1st 4s, making $28.435,500 outstanding. V.
89, p. 1482; V. 90. p. 53; V. 91, p. 1160; V. 92. p. 1231; V. 100, P. 555.
Fund,debt per in., incl. sub. cos.. June 1914, $27,073.
EARNINGS.-6 mos.,11914
Gross, $7,385,414; net. $1,964,590
July 1 to Dec. 31. 11913 •
Gross. 7.582.289; net. 1,942,529
REPORT.-Report for year ending Juno 30 1914. in V. 99, P. 671,
1208, 1230.
1912-13.
1911-12.
1910-11.
1913-14.
Gross earnings
$14,260,522 $14,000.618 $12,795,242 $12,618,642
Net (after taxes)
$2.927,023 $3,303,350 $2,380,529 $2,793.527
Other income
146,140
118.475
126,570
114,911
Total net income____ $3,073.163 53,421.824 $2,507,100 $2,908,438
Int. on C. G. W. bonds.. $1,033,720
$917.500
$917.500
$824,500
Int. on M.C.&Ft.D.bds.
480,000
480.000
480,000
480,000
Int. on W. M.& 1'. bds_
232,440
232.440
232,440
Other int., rentals, &c.._
663.513
546.846
693,552
603.591
Balance. surplus
$895,930 $1,245,039
8183.609
$767.908
OFFICERS.-Pres., S. M. Felton; V.-P., Joseph W. Blabon; Sec. &
Treas., J. F. Coykendall; Aud., Con. F. Krebs. President's office,People's Gas Bldg., Adams St. and Michigan Boulevard, Chicago, Ill.
DIRECTORS.-Samuel M. Felton, John A. Spoor, A. A. Sprague 2d,
Clyde M. Carr, C. H. Conover, E. N. Hurley, Chicago; Charles Steele,
John R. Morron, New York; E. F. Swinney, Kansas City; James S. Bell.
Minneapolis; G. W.Wattles, Omaha; E. C. Finkbine, Des Moines; Milton
Tootle Jr., St. Joseph.-(V.99, p. 1450, 1672; V. 100. p. 555. 396.)
CHICAGO & ILLINOIS MIDLAND RN.-Owns Auburn, Ill., to
Taylorville, 26 miles,of which 17 miles was opened June 1907. Stock auth.,
$2.000,000; outstanding, $1,000,000 (par of shares $100), all owned by
Commonwealth Edison Co. Bonds out, $2,500.000; see table above.
Equipment trusts July 30 1914, $424,539, due monthly to Feb. 1919.
Year ending June 30 1914, gross, $187,640; net, $32,238; other income,
844,287; interest, taxes, &c., $150,985; bal., def., $74,459. In 1912-13,
gross, $135,057; net, $13,503.-(V. 93, p. 1599.)
CHICAGO & ILLINOIS WESTERN RR.-To extend from Western Ave..
Chicago. southwesterly to Joliet, lii.. with branches, a total of 54 miles, of
which 22 miles in operation. V.83. p. 491. Stock, $1,000,000; par. $100,
The stockholders were to vote on Dec. 18 1913 on increasing the capital
stock from $1,000.000 to $1.500,000, providing for completion of road between Hawthorne, Ill.. and Western Ave.. Chicago, and sale or disposition
of road. V. 97. p. 1114, 1356. Of the gen. Os of 1907 ($4,000,000 auth.




issue), 8820,000 were outstanding in July 1914. guar. prin. Si int. by Dolese
Si Shepard Co., Chicago; equip. trusts, $89,890. V. 86. p. 107; V. 88.
P. 685. For year ending June 30 1914. gross, $176,785; net, $27.700: other
Income. $24,082; int., taxes, &c., $83.393; bal., def., $31,611. In 1912-13.
gross. $169,740; net, $25,092; other income, $12.620. Pres., W. E. Phillips. Office, 184 La Salle St., Chicago.-(V. 97, p. 1114. 1356.)
CHICAGO IND. & SO. RR.-Merged with N.Y. Cent, RR.Jan. 1 '15.
REPORT.-Report for year ending Dec. 31 1913, in V. 98. p. 1389.
showed: Gross. $4,462,452; operating income. $515,047; other income,
$658.048; charges,$1,291,473; bal., def.,$118,378.-(V.98. p. 1070. 1389.)
CHICAGO INDIANAPOLIS & LOUISVILLE RV.-Operates the
"Monon Route" from Chicago.
via Monon. Ind., to indianapolls, Ind.,
and Louisville, Ky., with branches. Total June 30 1914, 617 miles, viz.:
Lines ownedOyer, under contractMiles.
Miles.
Indiana State Line to IndianChicago to Indiana State Line_- 20
apolls
162 New Albany to Louisville
7
New Albany to Michigan City___289 Connection to Indianapolis
2
Bedford to Switz City
40 Clear Creek to Harrodsb'g. Ind__ 9
Orleans to French Lick Springs
18 Switz City to west of Linton
10
Wallace Jet. to Shirley Hill Si br_ 60
A lease for 999 years with Chicago Si Western Indiana (of whose stock this
company owns $1,000,000) gives entrance to Chicago on a mileage basis.
Owns one-third Interest in Ky. Si Ind. Terminal RR. at Louisville, Ky.
Owns entire stock of Indianapolis Si Louisville RR., Wallace Jct., Ind.,
to Shirley Hill, 55 miles, and branch Vicksburg to Cass, 5 m., completed In
1907. Under supplemental lease dated May 10 1907, bonds are guar.,
prin. and int. See "Bonds" below. V. 82. p. 509: V. 83. D. 888. 1290:
V. 85. p. 920; V. 87, p.809; V.88, p. 99. In 1914 purchased the Chicago
Si Wabash Valley Ry., McCoysburg to Dinwiddie, Ind. 36 miles and will
extend it 6 miles to the main line near the Illinois State line. See BONDS
below. V. 98, p. 689. 1048; V. 99, p. 1992.
HISTORY.-Successor July 1 1897 of Louisville New Albany Si Chicago,
foreclosed per plan in V. 6.3, p. 922. Suit settled. V. 75. p. 1031.
In Aug. 1902 the Louisville Si Nashville and Southern By. acquired 93%
of $10,500,000 corn. and 77% of $5,000,000 pref. stock, on the basis of $78
and $90 per$100share,respectively,in their joint 50-year 4% collateral trust
gold bonds at par, secured by the stock acquired. See description of bonds
under Louisville Si Nashville. V. 74, P. 1088. 1138: V. 75. p. 28.
DIVIDENDS1 '03. '04. '05. '06. '07. '08. 1909 to 1913 1914
On corn since 1902 %_.f ace 294 3
3
3
3
3lf yearly
In 1914 the common dividends were omitted. V. 99, p. 47, 1831. 0,BONDS.-Refunding mortgage covers road, equipment. &o. (Including
$1,000.000 stook of Ch. Si W. Ind. and $240,000 stock of the Belt By. of
Chicago); the remaining $2.300.000 of the $15,000,000 authorized
sold April 1911 to take up $2.300,000 bonds due 1911. V.90. being
p. 1613:
V.91. p. 518. 1095; V.92. p. 1031. 1700: V.93. p. 44. V.94, p. ills.
The general mortgage 5-year gold 5s of 1914 (84,000,000 auth.);
$1,51/11,000
sold) are secured by (a) a first collateral lien on the Chicago Si
Wabash
Valley By., 36 miles, now owned; (b) a first lien upon all equipment
purchased with proceeds; (c)a lien, subject to the Refunding Mortgage,
of the Monon property. The remaining $2.500.000 may be issued on all
Jan. 1 1915 under careful restrictions as follows: To acquire and after
pledge
under the mortgage not exceeding Chic. Si Wabash Valley
not over $25,000 per mile for improvements and a 6-mile bonds issuable at
extension and for
extensions and improvements of Monon lines and equipment.
V. 98, p.
1992, 1608. Collateral trust notes June 30 1914. 8625.000.
Indianapolis Si Louisville guaranteed bonds. of which 11.525,000
sold in
1906 cover 60 miles of road: balance issuable at 130.000
mile. See
above: V. 82. p. 508; V. 83, p. 1290. Also guarantees int.per
on $2.750.000
Monon Coal s. f. 1st M. 5s due June 1 1936. redeemable at 110
(83.000.000
authorized issue). V. 93, P. 44, 697.
EARNINGS.-6 mos.,11914
Gross, $3,407,415; net, 8876.470
July 1 to Dec. 31. 11913
Gross, 3,684,393; net, 1,064,950
ANNUAL REPORT.-In V. 99, p. 1048. showed:
Year end. June 301913-14.
1912-13.
1911-12,
1910-11.
Gross earnings
36,944,004 86.985,944 $6.503.652 $6,186,878
Net earnings
1,426,286
1,587,968
1,450,296
1,661.271
Dividends, Sic., received- 200,320
264,601
199,523
204.308
Total net income
$1.626,606 81,852,569 $1,649,819 81.865.579
Interest on bonds
8854,884
$804,071
$732.300
8724.920
Rentals, &c
625,923
510,137
508.359
428.072
Total
81.480,808
81.314.208
81.240.659 81.152.992
Surplus for dividends_
$145,798
8538.361
8409.160
$712,587
Dividend on pref.. 4
199.752
199,752
200.000
200,000
Dividend on common-(1 )170
,568(33,1)341.136(33)341.250(33)341.250
OFFICERS.-Pres..Harry R. Kurrie, Chicago; V.-P., Morton F. Plant.
N. Y.; V.-P., Fred. Zimmerman,
Chicago; E. 0. Field, Chicago; Treas.
Byron Cassell,608 So. Dearborn St.,
Sec.. J. A. Hilton, 52 Broadway, N. Y. Directors-Harry R. Chicago:
Kurile, Chicago; R. M. Gallawai,
Morton F. Plant, Henry Walters, Adrian
John I. Waterbury,
Guy Cary, Frederick B. Adams, New York;Iselin Jr.,
Fairfax Harrison, Washington
E. C. Field, Chicago; Samuel T. Murdock,
Lafayette, Ind.-(V. 99. 13.
673, 969, 1048, 1299, 1831.)
CHICAGO JUNCTION RR.-Owns 3.61 miles of elevated track, connecting South Side Elevated RR, 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, 850.000.
Bonds are guaranteed, prin. and int., by Chicago Junction Rys. Si Union
Stock Yards Co.; they are subject to call at 105 after 1910. Form of
guaranty, V. 82, p. 568.-(V. 85, p. 792; V. 87. p. 346.)
CHICAGO JUNCTION RY.-Owns inner line within the Chicago
Union Stock Yards district, 11.81 m.; side and industrial tracks, 118.58 m.
In 1907 New York Central interests acquired the outer belt line, assuining
the 82,500,000 outstanding bonds. V. 85. p. 159. 792.

36

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c.. see notes on first pagej
Chic Mem & Gulf-1st M g red 105 ___Ba.xc*&r
x
Equip notes due $6.000 yearly
Chi Milw &Gary-lst Mg red 105 beg.1918 SSt-xo•
Chicago Milwaukee & St Paul-Corn stock (see text)Preferred stock 7% yearly not cum $116,304.900Lacrosse& Daven Div 1st M (free of State taxes)F.c*
Wise Val Div 1st M sink fund not drawn_NB.zo•
Dub Div 1st M sinking fund not drawn_ NB.zc•
Chic & Pao Western Div 1st M (see text) gold_F.zo•
Chicago & Lake Superior Div 1st M gold___F.zo•
Fz
Wise & Minn Div 1st Mg
z
Fargo & Southern first mtge gold assumed
Dakota & Great Southern first mortgage gold___Fz
Chicago & Missouri River Div first mortgage_F.zo•
Gen M (for $150.000.000) gold Series A_Us.xo•&r
x
Series A registered
do
do
iro•
Series B
do
do
x
do
Series B registered
do
xc*
Series 0 gold
do
do
x
Series 0 registered
do
do
Milw & Nor 1st M Schwartz to Gr Bay ext 1913_xo•
Consol mtge extended 1913 (V 96. p 1364)--zc*
LAII secured _ F.xc*.tr*
xDeb $50,000,000 g
Deb 250.000.000 franc_s
by gen & ----Usm.x
ref mtge •Us.xc*&r*
Convert debs text g
(text) ass__ Usxc•&re
Ch Mil & Puget Sound let
Gc*/zr*1
General and Refunding M (see text)
convert series B (see text)__c*&r*
do
do
Pug Sd & Will,Har Ry tr ctfs g gu p&i red10254 Usxr
Chicago & N W-Com stook $177.604,880 auth---Tr
Tr
Preferred stock (not cumulative) see text
Cedar Rapids & Missouri River-lst M 3d Div__z
Northw Union 1st M g Milw to Fond-du-Lao F.zo•
Winona & St Peter 1st M ext gland gr s f assu.F.vo•
Milw Lake Shore & W cons M (now 1st) gold _Ce.zo•
Michigan Div 1st M (for $3.000,000) gold. Ce.ze•
Ce.zo•
Ashland Division first mortgage gold
Ext &Imp M for $5,000,000 get not drawn Ce.zo•
Marsh Ext 1st M $600,000 ($15.000 p m)_Un.zo•
Also in sinking fund July 1914; d $135.000.

Mites Dais
Road Bonds
52 1910
1911
1908

i§8 i§t5

161
351
1,117
68
230
119
159
77
6,315
8,315
6,315
6.315
6.315
8,315
128
421

1880
1880
1881
1881
1881
1883
1886
1886
1889
1899
1889
1899
1889
1889
1913
1913
1909
1910
1912
2.10 1909
9.579 1914
1915

7.5§6
7.390
150 1866
140 1872
175 1871
413 1881
82 1884
40 1885
893 1889
40 1892
a C oupon

Par
Value

Amount
Outstanding

Rate

When
Payable

[VOL. 100.
Last Dividend Places Where Interest and
and Mahon,/
Dividends are Payable

$1,000

5 g J & J Jan 1 1940
$735.000
Bankers Trust Co, N Y
5
To July 1 1921
42.000
5g A & 0 Apr 1 1948
1.000 5.764.000
St Louis Union Trust Co
100 116855400 5 in 1914 af & S Mar 1 '15, 255 N Y Office 42 Broadway
100 116.274.900
7
M & S Mar 1 '15, 354
do
do.
1,000 2.496.000
5
J & J July 1 1919
do
do)
1.000 1,526,000
8
J &J July 1 1920
do
do
1,000 4.587,000
6
J & J July 1 1920
do
do
5g J & J Jan 1 1921
1,000 25,334.000
do
do
5g J & J July 1 1921
1.000 1.360.000
do
do
$1,000 4.755,000
J & J July 1 1921
5
do
do
1.000 1.248.000
6g J & J Jan 1 1924
do
do
1,000 2,850,000
5 g J &J Jan 1 1916
do
do
1.000 3.083.000
5
J 63 J July 1 1926
do
do
4g J &J May 1 1989
1,0001 48.841.000
do
do
4g
1.000
May
1
1989
Q-J
do
do
1,000
8,950.000
354 g J & J May 1 1989
do
do
1.000
354 g Q-J May 1 1989
do
do
1.000 39,741,000
434 g J & J May 1 1989
do
do
1.000
4)45 Q-J May 1 1989
do
do
1.000 2,117.000
& D June 1 1934
434
do
do
1,000 5,072,000
454 J & D June 1 1934
do
do
1.000 &c 33,286.000
4 g J &J July 1 1934
do
do
500 fr &c 48.176.655
J & D June 1 1925
4
Paris and London
100 &c 50,000.000
454 g J & D June 1 1932
N Y Office, 42 Broadway
100 &c 26,175.000
4
a
Jan 1 1949
do
do
100 &c b30,000,000
454 g A & 0 Jan 1 2014
5g F &A Jan 1 2014
100 &c 29,141.300
100 2,999.500
5
J &D June 1 1918
100 130.117,029 7 in 1514 Q-J Apr 1 1915 1 ei Co's office 111 B'way.N I
100 22,395.120 8 in 1914 Q-J Apr 1 1915 2%
do
do
600 die 2,332,000
7
M & N May 1 1916
do
do
500 &r: d3,365.000
7g M & S June 1 1917
do
do
100 &o k4,038.500
75 ▪ & D Dec 1 1916
do
do
1,000 5.000.000
6 g M & N May 1 1921
do
do
1,000 1,281.000
g
& J July 1 1924
do
do
1,000 1.000,000
g
& S Mots 1 1925
do
do
1,000 4,148,000
55 F & A Feb 1 1929
do
do
1,000
400.000
5
A & 0 Oct 1 1922
do
do
bonds J & J; register ed Q-J
b Also in treae.June 30'1 4,$153,413,500

CHICAGO KALAMAZOO & SAGINAW RY.-Owns 55 m., Pail ion to
Woodbury,Mich. Leased to Grand Trunk, 11 m., Kalamazoo to Pavilion.
Stock. corn.. $2,000,000; out., $450.000; par of shares. 3100. Mich.
Central owns $270,000 stock and $761,000 bonds and Lake Shore $180.000
stock and $507,000 bonds. V. 90, p. 708. Year ending Dec. 31 1913.
gross, $214.253; net, after taxes, $69,345: other income, $6,236; Int.. hire
of equip., &c.,$65,029; bal.,sur.,$10,553. Pres., H.B.Ledyard, Detroit;
Sec., F. 0. Waldo.-(V. 94, p. 1185; V. 98. p. 12284
CHICAGO LAKE SHORE & EASTERN RY.-Embraces 473 miles of
track, connecting the various works of the Illinois Steel Co. and Indiana
Steel Co. at Chicago, Joliet, Milwaukee and Gary with diverging trunk lines,
and also with steamship lines, stone quarries, industrial establishments.
&c.; also reaches the coal fields of III. and Ind., and Joliet. Ill., handling between South Chicago and these points a large traffic for Ill. Steel Co. Stock,
$9.000.000, being increased from $2,760,000 in June 1909; all owned by
the Illinois Steel Co.. and so by the United States Steel Corp., which, with
the 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 dive. on stook, dependent on earnings. See V. 90. P.
108. Divs. paid in 1909, 10%; in 1910. 5%; in 1911. 5% and 2% extra:
in fiscal year 1912-13. 10%; 1913-14. 7%•
Bonds are redeemable in whole or in part from Dec. 1 1919 at 110 and int.;
they are limited to $20,000.000 and further issues of bonds beyond the
$9.000.000 now outstanding can be made only for 50% of cost of property,
V. 88. p. 1372; V. 89. P. 224, 1410.-(V. 90, P. 1170: V. 91. p. 1446.)
CHICAGO MEMPHIS & GULF RR.-Owns Dyersburg, Tenn., to
Hickman. Tenn., 52 miles. Stock, common. $520,000; 6% cum. pref.,
$150.000. all acquired in Feb. 1913 by Illinois Central RR. V. 96. p. 718.
A dividend of 8% was paid from the earnings of 1910-11 and credited
towards payment of pref. stock. Divs. on pref.. 154% Oct. 1 1911;
1912. 6% (Q.-J.),' 1913. Jan., 134%; Apr. and July, none.
Bonds ($10,000.000 auth.) outstanding Feb. 1913. $735,000; reserved
for terminals, &o., $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, o. 153. For year ending June 30 1914, gl.ss, $206,571;
net, after taxes. S64,289; other income, $1,079; bond, int.439,100;
other charges. $15,463: bal. am, $10,805. In 1912-13, gross, $198.125;
net, after taxes, $12,636.-(V. 96, P. 419)•
CHICAGO MILWAUKEE & GARY RV.-As originally projected,
would form an outer belt line 267 miles in length; extending from Milwaukee, Wis., to Gary, Ind. connecting with all of the 32 main trunk
lines entering Chioago. Of this, Rockford, Iii.. to Delmar, 129.51 miles,
Including Elgin Joliet & Eastern trackage between Aurora and Joliet, 22
miles. was in operation In July 1913. In March 1909 Interests represented
by the St. Louts Union Trust Co. acquired practical control. V.88, p.685.
Owing to default by Co. and syndicate managers in interest on outstanding collateral notes, viz., $1,500,000 dated May 31 1913 and $269,033 6%
convertible notes dated June 1 1913, notice of sale was given of sale on
Oct. 5 1914 of collateral consisting of $5,764.000 1st 5s and $5,475,000
stock. The sale was indefinitely postponed on account of financial conditions. V. 99. p. 1051.
V. 86, p. 980; V. 88, p. 685. Loans and bills
payable, &c., June 30 1914, $295,945; equip. trusts, $74,420. For year
end. Juno 30 1914, gross, $414,535; op. def., $14,138: taxes, $30,739: int.,
rentals, &c.. $156,951; bal., def.. $201,828. In 1912-13, gross, $465,132;
net, $43,280. Pres.. Albert T.Perkins, care St. Louis Union Trust Co., St.
Louis.-(V. 99, p. 1051.)
CHICAGO MILWAUKEE & ST. PAUL RY.-(See Map.)-Operates
from Chicago westerly to Seattle and Tacoma, Wash., with numerous brs.:
RoadMiles.' RoadMiles;
Lines owned June 30 1914 (of
Second and third tracks
1.020
which 103 m.owned jointly) _9,881 Trackage (including 2d tracks)-371
HISTORY, &o.-Org.May 5 1863 and on Feb.11 1874 took present name
Chicago Milwaukee & Puget Sound Ry. (see map), 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 muntment of title. V.
96. p. 62: V. 95. p. 1683: V. 97. p. 819. The road, which was opened
Aug. 1 1909, now extends from Mobridge, S.
to Seattle and Tacoma.
1.401 miles. incl. 28 miles from Black -River D.,
to Tacoma, owned jointly;
branches completed July 1912, 546 miles; branches under construction, 250
m.; total under Chic. Milw. & P. S.
2,197 mires. Other lines used
jointly, 39 miles; used under contract.
mtge.
73m. The line from
to
Marengo. Wash.. 65 miles. being built by Ore.-Wash. RR. &Spokane
Nay. Co..
Is used jointly. V. 99, p. 832.
The Snoqualmie tunnel through the Cascade Mountains, about 12,000 ft.
long, was opened in Jan. 1915. shortening line 3.6 m.les. V.99, p. 466,832.
V. 100, p. 307.
In March 1912 acquired the Bellingham Bay & British Columbia Railway, Bellingham, Wash.. to Glacier, B. C., 44 miles, with branches,
5 m. V.94. p.767. Also owns all stock of Tacoma Eastern RR..Tacoma
to Morton, with branches,92 m. V.91,P.651. These are operated independently. In July 1911 acquired 20% of stock of Indiana Harbor Belt
RR. In 1912 began new through passenger train arrangement with Union
Pacific. V.94, p.697. On Jan. 21 1914 took over control of the Idaho &
Washington Northern RR. V. 97. p. 1821; V. 98, p. 386; V. 99, p. 833.
CAPITAL STOCK.-The pref. stook has a prior right over the corn, stook
to a dividend of not over 7% from net earnings in each year, but if not
earned it has no cumulative right. After 7% on corn., both share pro rata.
D/VS. since 1893-1'94. '95. '96. '97-'00. '01. '02-'11. 12-'14. 1915.
5 y'ly
% 4 2 4 5 y'ly 6 7 e'lY
On common
7 7 v'15' 7 y'ly
% 7 7 7 7 y'ly
On preferred
Refunding
Mortgage
and
of 1913 is an
General
-year
BONDS.-The 99
amount,
n
but the bonds at
open mortgage and not limited to any specified
the
times
outstanding
three
stock, now
to
limited
are
outstanding
any time
thereunder
amounting to $232,623,100. When the amount of bonds issued
,
(bearing interest not in excess of 6%) reaches $696,000,000
the
be limited to 75% of the cost of property placedunder
properties,mortgae.us including
The mortgage is secured by a direct lien on all the
owned,
terminal
jointly
propermiles
102
owned,
directly
about 9.579 miles

ties in Chicago, Milwaukee, Seattle, Tacoma, Spokane & other cities, and
the entire equipment, subject to $184.421,000 prior liens, to retire which an
equal amount of bonds is reserved. $132,007.000 being also reserved to retire outstanding debentures and convertible bonds, which are equally secured thereunder. None of the prior liens may be extended and no further
amounts issued except gen. M. for refunding purposes, so that eventually the Gen. and Ref. bonds will become an absolute first lien. Further
bonds may be issued for improvements, betterments, acquisitions, construction. equipment, &c. Of the bonds, $154,489.500 have been issued in exchange for Chic. Milw. & Puget Sound 1st 4s (leaving only $27.175.000 of
the latter outstanding). In Jan. 1915 after sale of the $29,141,300 belowmentioned, the treasury held available $123,683,200 of the new bonds issued
for said exchange and against improvements, &c. V. 100, I). 307; V.
97,
p. 1662. 1583; V. 98, p• 73. 303. 386. 1244, 1315, 1766; V. 99. p. 1450.
In Jan. 1915 $29,141,300 Gen. & Ref. M. bonds, having been underwritten, were offered to stockholders at par, payable in full Mar. 1 1915 or any
Installment day,or 30% Mar. 1,35% May 3 and 35% July 30. This block
of bonds is convertible into common stock at par for 10 years beginning
Feb. 1916. V. 100, p. 139, 228, 307.
Abstracts older mortgages, V. 45. p. 114, 144. 212; V. 48. p. 830.
The general mortgage of 1889 (see abstract in V.48. p. 830: V.96.p. 1088.
1156; V. 97, p. 175, 520: V. 98, p. 386) is for $150,000,000 to the United
States Trust Co. of New York, as trustee, and covers the entire railway
property and franchises of the company (therein described), subject in July
1914 to $53,227,000 prior liens, which are paid as they mature. V. 89, p.
1279. 1541, 1596, 1667.
The $28,000,000 4% 25-year debs. of 1909 are secured by new gen. and
ref. mtge. V. 88, p. 1559; V. 89. p• 1223. 1346.
In May 1910 sole to a group of French banks 250.000.000 francs 15-year
4% debs. They are equally secured by new gen. and ref. mtge. V. 90.
p. 1424. 1489. 1554: V. 91, P. 38, 1710; V. 98, p. 303.
The 1150,000,000 45.5% debentures of 1912 are convertible at par into
common stock after June 1 1917 and prior to June 1922, at the optionof the
holders, within 10 days after any dividend shall become payable on the
common stock and redeemable at 105 and int. after June 1 1922 on 90 days'
notice. They are secured by new gen. and ref. mtge. V. 94. p. 1058,
1118, 1585: V. 95. p. 744. 1472; V. 98,P. 284, 789; V. 97, P. 384; V. 98.
p. 303, 452.
Of the Chicago Milwaukee & Puget Sound By. 1st 4s, which were assumed
on purchase Jan. 1 1913, $181,664,500, of which $27,175.000 guar. p. & I.
by the O. M.& St. Paul Ry., were sold and $154,489.500 were exchanged
for 0. M.& St. P. Gen. & Ref. bonds and were deposited under that mtge.
V.92. p. 593. 659, 725, 1374; V.93, p. 1386. 488; V.94, p.767. 1185; V.98.
p. 1692. Bonds cover road, terminals and equipment,and run to maturity.
The Puget Sound & Willapa Harbor Ry.5% 5-year trust gold certificates
are secured by the entire stock of that company under an agreement providing that the St. Paul shall purchase the stock at par on June 1 1918
unless the certificates are sooner redeemed. V.96, P. 1700. 1839.
GENERAL FINANCES. &c.-In Apr. 1913 $30.000,000 gen. M. 45is
were sold and in Jan. 1914 $9,741,000. V. 96, p. 1088. 1156: V. 97,
11.• 175. 520; V. 98, P. 386, 689. In June 1914 $30,000,000 Gen. & Ref.
4545 were sold, and in Jan. 1915 $29,141,300 convertible 5s were offered to
stockholders at par. V. 98. p. 1766. V. 100, p. 139, 307.
Funded debt in hands of public Jan. 1915, $37,482. V. 100, p. 307.
The electrification of 450 miles of the Puget Sound main line, which was
contracted for in Jan. 1913, will cost, it is estimattd, $12,000.000, at the
between Three
rate of $1,500,000 or $2,000,000 annually, the first section
Forks and Deer Lodge, Mont.. 113 miles, to be opened by Jan. 1916. See
Power
Co.
In
V.96,
Montana
p. 1017.
also
1821;
p.
V.97,
V.96, p. 135;
Gross, $48,790,069; net. $16,339,619
EARNINGS.-6m05..11914
Gross, 50,373,955; net. 17,146,293
July 1 to Dec. 31.
11913
net, after taxes,
& .$3
42
,5
460
12
.5
833
66
,;ag
ba
ailu.s ta$
e4
r.
:
.
For 2 mos. ending Aug. 31 1914..it
•• rents,
132,122: other income, $602,856
$2,542,106. V. 99. p. 1450.
ANNUAL REPORT.-Fiscal year ends9June 30. Annual meeting Ii
held In Sept. Report for 1913-14 in V. 99, p. 811, 831: editorial,editorial,1:/• 784.
1913-14.
1912-13.
1911-12.
Average miles operated
$18,961.225 $18,457,136 $16,568
Passenger earnings
9,8
56
74
0
65,266,420 67,964,161 55,796,065
Freight earnings
7,555,046
Mail, express, &e.. earnings
7,662,758
6,890,426
Total earnings
Maintenance of way
Maintenance of cars and engines_ Transportation and traffic
Taxes
Miscellaneous
Total expenses
Net earnings
Outside operations, net

$91,782,691 $94,084,055 $79,255,355
10,704.519 10,648,785 10,007,206
13,112,978 13,871.986 11.475.529
35,760,191 36,960,185 34,383,610
4,106,558
3,823,833
3,921,964
1,752,373
1.403,012
1,388,839

$65,436,619 $66,707,801 $61,177,147
$26,346,072 $27,376,254 $18,078,207
260,483
174,748
133,582
Operating income$26.606,555 $27,551,002 $18,211,789
Total net inc., incl. "misc."(below)--$30.081,656 $31,523.541
Deduct-Bond interest
$13,254.823 $11,438,141
Hire of equipment
5,304
Rents paid
765,363
709,404
Basis
585,184
Miscellaneous
479,947 changed.
Preferred dividends (7%)
8,109,206
8,112,219
dividends
(5%)
Common
5,842,504
5,797.168
Total deductions
$28,557,081 $27,292,183
BalancesurPlus$1,524,575 114,231,358
"Miscellaneous" included in "total net income" in 1913-14: Int. on
bonds owned, $234,542; diva, on stock owned, $51,143: int. on other securities, loans & accts., $2.065,328 ($1,886,818 in 1912-13): rents, $402,547:
hire of equip.. $272,636; other, $448,605 (against $1,509,792 in 1912- 13.)

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RAILWAY STOCKS AND BONDS

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38

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page. I

Miles Date
Rood Bonds

Par
Value

Amount
Outstanding

Rate
%

[VoL.100.

When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are PayaOle
2hicago $e North Western (Con)Sink fund bds of '79 (115,000 pm)red 105_ F.vc&r 1.041 1879 $1,0008e0
110,974,000
8
A & 0 Oct 1 1929
Sinking fund debentures 1933
Co'e office. 111 Broadway
Un.ze*&r
___ 1891 1.000 &e 9.695,000 5 &
5
M
& N May 1 1933
30-year debentures
do
Un.xe*Ser
-__ 1891 1.000 &c g9,819.000
do
5
A 15 .5e 0 Apr 15 1921
Ext 4s $20,000,000 (120.000 p m)
Un.zc&r
do
._ 1886 1,000 &o
do
4
F 15 &A Aug 15 1926
Gen gold bond M $165,000,000
do
Us.le*&r 5,047 1897 1000 dm1 1117.670.000
do
m
30827000
1 334g3t & NNov 1 1987
do
do
do
do
registered__x 5,047 1897 1000 &oJ
do
'L 31.4 a Q-F Nov 1 1987
do
do
do
x and y e• 5,047 1897
do
do
1.000&cl m30554,000
4
M & N Nov 1 1987
do x and y registered-- 5,047 1897 1.000&o
do
do
do
do
Q-F Nov 1 1987
4
do
do
do
do
yc*&r 5,047 1897 1,000 &e 10,000,000
do
5 g M & N Ncv 11987
Milw & State line 1st M g zu (V 88, p 230)-F.xo•&r
do
50 1906 1.000 &c 2.500.000
do
3 M g J & J Jan 1 1941
St Paul East Or Trk 1st M g gu
do
xe&r•
do
60 1913 1.000 &c 1,120,000
434 J & J Jan 1 1947
CI & N W equip tr 1912. Ser A,$300,000 ylyF.ze*r
do
do
-_- 1912 1,000 &c 2,400,000
434 J & J July '15-1922 Farmers L & Tr Co.
do ser. B $300.000 YrlY
do
z
NT
1912 1,000 &c 2,400,000
434 A & 0 Oct '15-1922
do
do ser. C 1400,000 see text___F.ze•
do
do
-_- 1913 1,000 &c 3,600,000
Branch Line Bonds Assumed
434 J ,(e J July '15-'23
do
do
Boyer Valley By let M g $16,000 per mileF.zo•&r
90 1898 1,000&c $1,440.000
31.4 g I & D Dec 1 1923
Minn & Ia By 1st M gold $16,000 per mlle.F.zo•&r
Co's office, 111 Broadway
119 1899 1.000 &c 1.904.000
334 g .1 & D June 1 1924
Mankato & New Ulm let M gold $416.000-F•ze&r
do
do
26 1899
1.000
p416.000
334 g A & 0 Oct 1 1929
Princeton & Northw 1st M $2,100,000 gold_F.zo&r
do
do
105
1901
1,000 &c n1,940,000
334 g I & J Jan 1 1926
Peoria de Northwest 1st M $2.125,000 gold_F.zo&r
do
do
85 1901 1.000 &o 2,125,000
3413M & S Mob 1 1926
3
Sioux City & Pacific 1st M gold 14,000.000 _F.zo&r
do
do
125 1901 1.000 &c o3,926,000
334 rt F & A Aug 1 1936
Minn & So Dak 1st M gold $528,000
do
F.ze"
do
33 1900
1.000
528,000
Iowa Minnesota & Northwestern 1st Mg __F.cz•&r
34 g .1 & 1 Jan 1 1935
do
do
195
1900
1,000
&e,
3,900,000
&
irJ
Jan
Sparta
J
& N W let M g $15.000.000 guFac•Ser*
MU
1 1935
334
do
do
179 1912
1,000 15.000,000
4 g M & S Mch 1 1947
Des Plaines Valley By 1st M $2,500,000_F.xc•Str•
do
do
-__ 1912 1.000 &c 2,500,000
434
M
8
&
Manit Gr Bay& NW lstMattu (V88,p230)F.zo•der
Mch
1
1947
do
do
114 1906 1.000 tic 3,750,000
St L P & N W M g guar (V 97, p 1203) __Rycsr*
34 g J & J Jan 1 1941
do
do
115 1913 1.000 &c r9,981,000
5 g J Sc J July 1 1948
Frem Elk & kt V cons M $25,000 per mile assumed_z 1;170
do
do
1883
1,000
7.725.000
&
6
A
0
Oct
1933
Poo
1
Chic
& St L RR-Prior lien M g call at 10734 Eci.xe• 235
do
do
1900
1.000 2.000.000
434 g M & S Mch 1 1930
Gen and refunding M $15,000,000 gold red text_ __x
Sept '14 coup not paid
2.000.000 See text. J & D 30 years
Chic Rh'& Ind--Ist M gold red text
June 1914 coup not paid
MC.xe•
___ 1911
100
500.000
5 g A & 0 Oct 1 1951
Chic R I & Pac RR-Coll tr M $75.000.000-Ce.xe•&r
Meich Loan & Ti Co.(hi
-__
1902
1.000 &o 71.353,500
Bonds $7,500,000 (held bye RI & P Ry),V 97,p 594
4 g St & N Nov 1 2002
May '14 coup not paid
--- 1913
7,500.000
5
M & $ Sept 1 1917
Chicago Rock Is! & Pacific Ry-Stock 475,000.000
)_-__
100
74.877.200
text. Quer Dec 31 '13 134 First Nat Bank. N Y
First M Chic. III.. to Couno Bluffs & branches Usz.o•
765 1877 1,000 &o 12.500,000 See6
General mortgage 1100.000.000
J & J July 1 1917
do
do •
__Ba.xo..kr 2.394 1898 1.000 &o 61,581.000
4 g I & 3 Jan 1 1988
Coll tr M g Ser M to P due yearly
do
do
gold_red 1701 ;4-xCe.o•
-_1902
1.000 5,976,000
4 g M & N May 1915-1918 First National Bank. NY
Ref 1.1 1163.000.000 gold red 105 to 1911_Ce.xo•.Icr Text
1904
500 &c •107.640000
In addition, sinking fund July 1914 held: d135,000;
4 g A & 0 Apr 1 1934
do
do
g 918 1.000: b 5962.00 0: k 1202,8 00; m$4 89.000 ( also $1.300,000 on
o $74.000; pall in sinking fund: r $19.000: *Includes 112_fiei
hand): n $160,000:
o_nnem tra Is n .. n I or]crgul n o ',silo 1.corn I TIITIP q n 101A
OFFICERS.-Pres., Albert J. Earling, Chicago; V.-Ps., H. R. W
'Hams,
N.Y.;E. W.McKenna,J. H. Hiland,E.S.
1913-14.
1912-13.
1911-12.
Keeley, E. D.Sewall and D.L. Total net income
Bush, Chicago, and H. B. Earling. Seattle.
$22.925,730 $24,660,769 $20.922.766
Wash.
Asst.
Sec.,
C.
B.
Ferry, Rents-debits
N. Y.; Treas., F. G. Ranney, Chicago; Sec., E.
1,265.867
1,194,268
1.194,791
W.
Adams.
Interest on bonds, &c
Directors.-H. R. Williams, New
9,239,007
8,629.266
7,872,007
A. J. Harting, Chicago; L. .1.
funds and other payments
Petit. Milwaukee; J. Ogden Armour. York;
315.186
262,212
388.637
Stanley Field, Chicago; Samuel Me- Sinking
Dividends on
Roberts. William Rockefeller. Donald G.Geddes,
stock. 7%
_ 9.108,015
9.108.015
9.108,015
John A.Stewart.Percy A. Dividends on common
preferred stock. 8%
Rockefeller, Walter P. Bliss, Charles W.
1,791,600
1,791,600
1.791.600
Harkness,
John
D.
Ryan.
New
York. N.Y.office.42 B'way.-(V.99, p. 1596;
V. 100, p.139, 228. 307.396,
Balance, surplus
$1,206.055 13.775.408
CHICAGO MILW.& PUGET SOUND RY.-See Chic. M.& St.P.Br
OFFICERS.-Marvin Hughitt, Chairman; Pres.. Wm. A. $567.716
Gardner,
CHICAGO & NORTH WESTERN Rif.-(See Map.)-Operates an im- Chicago' V.-P., S. A. Lynde: Sec., John Davis Caldwell, Chioago; Treas..
A thur S. Pierce, 111 Broadway, New York.
portant system of roads uniting Chicago. Ill., with Omaha, Neb.:
r
St.
Paul.
Directors
Hughitt
-Marvin
(Chairman).
K. Vanderbilt, F. W. VanMinn., with the great wheat belts of Dakota,
&c., and with the derbilt, Harold S. Vanderbilt, Chauncey M.W.
Depew,James Stillman, James
mining regions of Michigan and the Black Hills.Nebraska.
8,095 miles July 1 1914,viz.: C. Fargo, W. K. Vanderbilt Jr., N. Y.; Cyrus
II.
McCormick, Chauncey
Road owned in feeMiles.
Miles. Beep, John V. Farwell, Wm. A. Gardner, Chicago; H.
Frick, PittsMain lines, &o
7,945 James Riv & Nor West(leased) 39 burgh, Pa.: David P. Kimball, Oliver Ames, Boston; ZenasC.
Crane. Dalton
Entire stock ownedSundry trackage
Maas.; Homer A. Miller, Des Moines,Iowa.-(V.99,p.1748; V.
77
Wolf River Valley
100,p .229.
2 [Second track
9061
De Pue Land & East.(leased)__
CHICAGO PEORIA & ST. LOUIS RR.-ROAD.-Owns from Pekin to
3 Also has large Interest In Chic.
Belle Fourche Valley(leased)__
Granite
Ill.,
City,
miles;
Granite
180
City
to
24
St.Paul Minn & Omaha
Madison,
2
1.753 Bridge
miles;
to
Macoupin County Extension__
Jot., 3 m.; Havana to Jacksonville. III., 42 in.; branch, Madison
4
Lookhaven
Through passenger service between Chicago and Pacific
to Grafton. 8 in.: total owned. 235 in.; trackage. Pekin
10 m.;
tained via Union Pacific, V. 93, p. 1667; V. 94. p• 697. coast is main- Ii Springfield, 134 in.; to St. Louis Station, 9 m.; total to Peoria,
miles.
Incorporated on Dec. 6 1909 as successor, per plan25534
HISTORY. &c.-A Vanderbilt line (V. 75, )3. 1086) organized in 1859.
89. p. 285. of
railway foreclosed Nov. 18 1912: possession taken Jan. 1 V.
In Oct. 1912 the St. Paul Eastern Grand
1913. V. 96. P.
Trunk. 56
was merged, 135. V.89, p. 1541. On July
and in Mch 1913 Des Plaines Valley By. V.95, p.419, 1039;
31
l'res.
1914
Bluford Wilson of
m.,V.96. p. 789.
and William Vetter of New York were appointed receivers.Springfield.
V. 99, p.
CAPITAL STOCK.-Of the corn. stook, $2,338.502. and of the pref. $3,- 342. Favorable
decision in 2-cent faro suit July 1911. V. 90. p. 1675; V.
835, remained in company's treasury in July 1914. Pref.
93,
p.
stock
229'
V.
has
05.
prior
p. 889. 968. Stock, $4,000,000.
right to 7%;then corn. 7%;then pref. 3%. then corn.3%;then both
Committee for Prior Lien 454s.-Sidney C. Borg (Chairman), J. N.
classes
share. Stockholders in Jan. 1910 subscribed for 130,502.650
Babcommon at cock, 37 Wall St., Sec.; Eq. Tr. Co., N. Y., depositary. V.99.p.673,
ear, raising the amount outstanding to 1130.121.500.
1527.
V. 89. n. 1482.
Committee for Gen. & Ref. M. 434s.-Frederick J. Lisman (Chairman),
/n July 1914 U. P. system (Oregon Short Line) owned
$4,018.700 stock. and Alfred Shepherd: Graham Adams, 30 Broad St., Secretary;
the company owning$4.171.500 Union Pacific pref. stock.
Trust Co.. N. Y., depositary. A substantial majority has been Bankers'
The consolidated sinking fund bonds of 1915 have voting
deposited.
power.
V. 99. p. 1213, 1450, 1672.
DIVIDENDS'88-'93. '94. '95. '96-'99. '00. 1901. 1902-Apr.'15.
BONDS.-Of the Gen.& Ref. M. bonds (115,000,000
Common
auth.).
$1.100,000
6 sely
3 4 5 Fly 6
bear only 3% interest for the first six years. For six
6
7 yearly
Preferred
years the new bonds
7 yearly
are to be subject to call at par on any int. date on
8 y'lydays' notice; thereafter
BONDS.-General Mortgage.-See Abstract in V.
at
107 34. Of the bonds, $2.000.000 will be reserved60
1175.
65.
The and
P.
to refund prior lien bonds
authorized Issue is $165.000,000 (U. S. Trust Co.,
$150.000
to aid in refunding and $10,000.000 for extensions, &c. The
were reserved to retire underlying bonds (of which trustee); $131,645.000 coupons due June
1914 were defaulted. V. 99, p. 118.
$59.556,000 had been
retired to Feb. 1 1915), and remainder for additions
The company will have a Used annual
and improvements,
charge of about $154,000 for
$4,000,000 at once and 11.000,000 a year thereafter.
the first 6 years, which will be thereafter increased about
V.
65.
p.
1070;
V.
65.
$15,000 by the
p. 69, 111, 571; V. 75. p. 980; V. 88. p.
563. In July 1914 there were Increase in rate from 3% to 434% on the new bonds exchanged for old eons.
$30,827.000 gen. 334s and $30,554,000 4s280.
Notes
to Car Trust Realization Co. for 1140.132 payable in 1915 and later
sinking funds $489.000, and there was dueoutstanding, there was hold in the in installments
out of surplus earnings.
In May 1914 18.054,000 4s were sold for from the trustee $140,000 bonds.
EARNINGS.-12 mos., I 1913-14_ _Gross, $1,676,617; op. def., 111,893
imptovements and betterments and
in Dec. 1914 110,000,000.
Also applied in May 1914 for authority to issue
July 1 to June 30.
11912-13_ _Gross,
1,697,792; net. $97,344
$29.715,000 gen. M. bonds, of which $22,905,000
For 6 mos. ending Dec. 31 1914, gross. $875,279, agst. 1863.211 in 1913;
to be used fo refund bonds
due in 1915, 1916 and 1917 and $810.000
(rem 1915 to 1920(0 retire sinking net, $145.810, agst. op. def., $17,969.
fund bonds of 1879 and
Pres., Bluford Wilson, Springfield, Ill.; Sec. and And., H. W. Berger,
tions and improvemenls$6.000,000 at not over $1.000.000 yearly for addiTreas., G. J. Wilson.-(V. 99, p. 1450. 1527. 1672.)
free from all taxes exceptfrom 1915 to 1920. The outstanding generals are Springfield,
$8,054.000
4s.
which
were
sold
in
May
1914
and
IECHICACI
O RIVER Sc INDIAN RR.-See page 140.
$10,000,000 5s sold In Dec. 1914 and are stamped'
Federal income tax not
assumed by Co." V.91, p. 1385:
CHICAGO
ROCK
ISLAND Sc PACIFIC RR.-Formed in 1902 as a
V.80. p. 1489; V.92, p. 117. 1178; V.93,
p. 1667; V. 98. p. 1459. 1536, 1608,
holding co. per plan, V 75, p. 239, and acquired in interest of Rock Island
1993; V. 99. p. 1748.
The sinkingfund bonds of 1879
Company
(owner
of
entire $145,000,000 cap. stock). $71,363.500 of the
the
are
secured
by
deposit in trust of
000 of 1st M. bonds at 515,000 per
$74.877,200 share capital of the Ch. R. I. & Pacific Railway (see below) and
mile on subsidiary lines, the 115,000.most im- pledged the same to secure an equal amount of its own 4% bonds, duo Nov.1
portant being described ii "Supplemen
t"
of
May
1894.
Of
the
sinking
fund
bonds of 1879. 55,154,000 are 6s: the
stopped dividends In May 1914, the interest
sinking fund Is at least 1% of out- 2002. The Railway havingdefault
standing bonds, which are subject
and on Dec. 22 1914 the pledged stock
due on the bonds wont to
to call at 105. and through Its operation
those outstanding have been reduced
foreclosure sale by the bondholders' protective committee,
was
bid
at
in
from
$15,000,000
to amount in table. J. N. Wallace, Chairman, and Central Tr. Co. of N. Y., depositary, under
The extension bonds of 1886 are secured by
in trust of first mortshould for a limited period have the
gage bonds at a rate not exceeding $20.000 per deposit
mile. Included in the collat- the stipulation that all bondholders
eral July 1 1914 were $10.675,000
decree value of the bonds ($98 50 per $1.000
Fremont Elkhorn & Mo. Valley lsts and option of taking in place of theRailway
$2.560,000 Wyoming Central lsts (consolidate
Co. on payment of $4.45 per bond
the
stock
of
bond)
$1,000
in
d with F. E. & M. V.), &o.
The Fremont Elkhorn & Missouri Valley
a further right to subscribe pro rata at about
consols have a first lien on 1,170 (after Jan. 21 $5 45). with the
miles (Fremont. Neb.. to Deadwood,
stock
not
so absorbed. The Wallace comof
any
for
share
per
29
$10
S.
D..
557 miles, and branches to
Hastings. Albion, &c.. 613 miles); but
over 86% of the bonds, who have till Mar. 25
besides the amount of issue given as mittee represents holders ofacquire
outstanding in the table, $10,675.000
excess stock.
make the exchange and
to
(along
with
$2.560,000 Wyoming
Central firsts, a F. E. & M. V. Issue) are
On Jan. 19 1915 Walter C. Noyes was appointed receiver to collect the
& North Western extension bonds of held as part collateral for Chicago remaining assets.
See V. 100, p. 307,473.
1886.
In Feb. 1912 sold $15.000.000 Milwaukee
teniCHexICteAnd
050frRomOCCKhic
ISLAND
ago. II1 ,Scv iPa OmahaAC1 FIC,
Sparta
&
(tSoeeDM
enavpe
.)r an
Northwestern fly. 1st
TdhesysM. bonds, guar. p. & I. (and assumed In April
Colobracing terminal facilities at Milwaukee and 1912), and the property emKansas
via
and,
Colo.,
City,
important
Springs.
rado
Mo.,
to Santa Rosa, New
cut-off
on
line to
Duluth, 179 miles of road in all. merged in C. & N.
connecting
lines
the
with
of
the
W. V.94, P. 416. 1056, Mexico, there
El l'aso & Southwester$
1185. In Jan. 1913 sold $2,500,000 Des Plaines
forming with them and the Southern Pacific a through
Mch. 1913) and 11.120.000 St. Paul Eastern Grand Valley Ry. (assumed RR. Co. and
Trunk By. guar. 4345, line to the Pacific Coast; also from Tucumearl, N. M.. to Mempnis. Tenn,
and in Oct. 1913 110.000,000 St. Louis Peoria & North
Western By. guar. and to Fort Worth, Tex., on the south and on the north to Minneapolis.
fis (assumed). V. 96. P. 201. 789; V. 97.P. 1203; V. 98.
p. 999; V. 99. Minn., and Watertown. S. D.. with numerous branches. viz.:
p.829.
Owned in Fee (5.375 Miles). Miles.1 Owned in Fee (Concluded)- Mime
In 1912 permission was granted to issue $10.000,000 equipment
Chicago, Ill., to Col. SPBs•, Col-1,063 Branch lines
of 1912 (of which $6,000,000 issued Dec. 1912) and in Dec. 1912 to notes
Cap.Stk. all owned (2.039 Tn.) 2.159
Issue Davenport, Ia., to Terral. Okla. 708
110,000,000 equip. notes of 1913, of which $4,000,000 sold July 1913,
Choc. Okla. & Gulf (leased)due Herington, Kan., to Texhoma.
967
$400.000 annually. V.95.P. 1402, 1541.1745: V.96, p. 201; V.97.9.364.
323 Ch. R. I. & Gulf By
Okla
469
EARNINGS.-For 6 months ending Dec. 31:
Burlington, Is., to Minn'p,MInn. 308 Rock Island, Ark. & La. RR.. 385
Net.
Charges.
6 Months- Gross Income.
Bal.. Slap. Vinton, /a., to Watert'n, S. D_ 376 St. Paul & K.C. Short Line RR 183
$12,460,865
944,772,634
Rock
Mo_284
Isl.
&
$5,741.890
City,
Kan.
1914
St.
to
Mo..
Louis,
Dardanelle
$6,718,975
14
13,751,073
47,035,903
5,662,813
1913
8,088,260 Bravo, Tex.(New Mel. State line) I Rock Island Stuttgart & So. Ry 21
Perna. lease; treated as owned112
to Santa Rosa. N. M
REPORT.-The annual meeting is held the third Thursday in October.
Poaria
&
State
Bureau
-N.
(Tex.
ht.
Glen Rio Tex.
Valley RR.Co. 47
Report for 1913-14 at length in V.99,p.810.827; editorial. p.861.
42
line) to Tuoumeari. N. M
1913-14.
1912-13.
Operating Revenues
1911-12.
Total mileage owned directly and through capital stock. &o
7,481
8,071
7.974
operated
miles
Average
7.859 Leased Lines (see statement for each). Keokuk & Des Moines Ry.. 162
$53,989,476 154,661,588 $46,691.540
Freight revenue
m.; White & Black River Valley fly. Co.,62 m
225
21,540.543 20,557,623 19,555,567 Trackage; Denver,
Pueblo, Kansas City, &o
Passenger revenue
642
8.147,032
7.816.709
7.451.484
Mail, express, 800
Total mileage June 30 1914
8328
$83:677,051 183,035.921 $73.698,591
Total operating revenues
As to Trinity & Brazos Valley By., see that co. and V. 98, P. 1921..

gunctinn
Carirton

Grand Rapla

Chicago & North-Wed-an Altway
use====:31c"[Chicago St.Paul, Minneapolis & anuha....11y,

pAC.
Aitken.

SUPER!
awt orne

Brat
dordon

NEWELL
nesota

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Riteemont

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11C14.
NOSNA

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IV/
SEATTLC
TACOMASPOSANCd..
1,0116
&
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at;
etU FPS

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a

FRANCISCO'.
Monterep
Lula Obispo
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Egota lhob
LOS aridnin^
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S.

UNION PACIFIC CONNECTIONS

40

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, etc., see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

[VOL. 100.

Rate
Last Dividend Places Where Interest and
When
%
Payable and Maturity
Dividends are Payable
;bleat° Rock Island & Pacific (Concluded)Debentures gold redeem 105
Ba.x0•63r•
-- 1912 $1,000&o $20,000,000
5 g .7 es J 15 Jan 15 1932
New York. London. &e.
Cedar Rapids / F & N W 1st mtge gold guar_Ce.zo
292 1881
1.000 1.905.000
5 g A & 0 Oct 1 1921
First Nat Bk. New York
B C R & Nor consol first mortgage gold_Ce.zo*Scr
998 1884 1,000&13 11,000.000
b g A & 0 Apr 1 1934
First
Nat Bank, N Y
Minneapolis & St Louis 1st M gold (assumed)_ _Fz
12 1877 500 deo
150,000
7 g J & D June 1 1927
do
ao
Rook island 63 Peoria cons 1st M (V 75, p 30):Mpz
113 1885 1.000 dm
J & J July 1 1925
450.000
6
do
do
general
&
Choo 0 43
(now 1st) M$5,500,000 g_xedor
351 1894
1,000 5,500,000
b g J & J Oct 1 1919
do
or PhIM
Choo & Mem 1st M $3,750,000 assumed_GP.m&r
282 1899
J Jan 1 1949
1.000
&
3.525.000
J
5
g
do
or
PhIM
L Rock Bridge 1st Al assumed g red (text)(3P.xo*
-- 1899
1.000
155.000
6 g J e0 1 July 1 1919
do
do
Consol mtge gold
(IP.xo•
335 1902
1,000 5,411,000
b g M 63 N May 1 1952
do
do
Two-year collateral notes red 102
Ba
1914
7.500,000
6
RI A & L 1st AI $30.000.000 g gu red 105 Ba.xo.&r*
308 1910
500 &o a12,965.000
434 g II & S Mob 1 1934
do
or Europe
Little Rock & Hot Spg West notes guar p & i___-_- 1911
1.000
J dr J July 1 1939
453.600
4
Co's office, Chicago
St P & K C Short .1..-lst Mg gu red 105_Ba.xo.dor•
___ 1911 ; 63 £ 612,399,950
434 g F & A Feb 1 1941
New York and London
Rook /sland-*Frisco Term 1st Mg guar jointly
o•
-__ 1907
$1.000 3.390,000
5 g J 63 J Jan 1 1927
Equit Tr Co, NY; & St L
Peoria By Term 1st mtge gold guar jointly red IC
___ 1907
1,000
944.000
First National Bank. DI I'
4 ¢ J 63 J Jan 1 1937
Peoria Ry Term 1st & ref M g gu jointly with C.J3AB
___ 1911
1,000 1.369,000
First Nat Bank, N Y
434 g J & D Dec 1 1941
Galveston Term Ry 1st M g gu jtly with Col& S_Ba
-- 1908
1,000 1,051.000
M & S Mar 1 1938
6
Bankers Trust Co. NY
Equip notes due $325,000 semi-an (V 84.p 338) Ba
--- 1907
1.000 1,300,000
434 F 63 A Aug '15-Feb '17
do
do
do Ser C gold due $265.000 semi-ann____ _Ce.xe
___ 1909
63
0
A
Apr
'15-Oct
g
2,650,000
1,000
434
'19
First
National Bank, NY
do Ser D g $225,000 s-a(V 90. p 913. 1362)..Bax-_- 1910
1,000 4,725,000
434 g M 63 N May'15-May'25
do
do
do Ser E g $5,000 due semi-annually
1911
x
1,000
60,000
b g J & .7 July '15-Jan '21 U S Express Co
do Ser F g $12,000 s-a (V 93. p 939)
Bax
-_- 1911
4% g F & A Aug'15-Aug '26 First Nat Bank N Y
1.000
276,000
do Ser 0 g $170,000 s-a or 95P 1607)
Bax
-__ 1912
1.000 4,250.000
4% g J & J July'15-July '27
do
do
do Ser Hg $441.000 ann (V 96.P 1772)-Baxc&r
-_ 1913
5 g J & J Jan '16-July '23
1000 3,528.000
do
do
R 1 leapt eq notes guSerB$280M s-a(V93,p939)_Bax
-_ 1905
1.000
560.000
4 S4 g M & N May'15-Nov'15 Bankers Trust Co. N Y
Cl & Ft / Elev M is gu due $50.000 yrly red par_ _13*
___ 1904
1,000
500,000
b g A as 0 Oct 1 '15-'24 First Tr & Say Bk. ChM
Cense' Ind Coal 1st lif g int gu red 110.fG.o•eer
___ 1905
5 g .7 & 13 June 1 1935
Guaranty Trust Co. N Y
1.000 2,500.000
Cavers Elevator Co notes
Co.'s office. Chicago
1914
M & N Nov 15 1916
58.000
5
!sleaze St Louis & New Orleans-See Illinois Central.
hIcago St Paul Minn & Omaha-Common stock_
-__ _--100 18.559.087 7 In 1914 F & A Feb 1 '15, 334 Office 111 B'way, N Y
Preferred stock non-cum including scrip (see text)--------do
100 11.259.9127 in 1914 F & A Feb 1 '15. 334
do
Ch St P & Minn 1st M gold Elroy to L St C ass'd_zo*
177
1878
&a
do
g M 63 N May 1 1918
600
901,000
do
St P & Sioux City 1st M gold $10.000 per mile_Ce.zo
607 1879
g A 63 0 Apr 1 1919
do
do
1.000 6.070,000
Nor Wls 1st 31 Lake St C to near Spooner ass'd Ce.zo•
80 1880
.7 & J an 1 1930
1.000
do
do
576.000
Sault Ste Marie & Southwestern let If assumed ._ze
37
1890
1.000
M
&
do
N
Nov
350.000
do
1
1915
Superior Short Line 1st M $1,500.000 ass_ __Un.zo*
--- 1895
1.000 1,500.000
M & S June 1 1930
0 St PM es 0 M 630,030.000 ($15.000 p m)Ce.zo*
--- 1880
1.000 17,006,000
J & 13 June 1 1930
do
do
do
do
consols interest reduced.
-__ 1880
% 1 & D June 1 1930
3,734 000
do
do
Debentures gold $15.000,000 auth
Cexo*&r.
_ .._ 1912 1.000i &c 9,200.000
g M 63 S Mob 1 1930
do
do
-Includes a $1.965.000 and h s2 345 nnn in trnne nr nln
dernei n a t-vsllatar al TrInn 501 or
CAPITAL STOCK.-The $71,370,900 of the $74,877,200 capital stock
CHICAGO ST. PAUL MINNEAPOLIS & OMAHA Ry,-(See Map Chideposited under the Cl. R. I. & Pac.
collateral trust ponds was cago ce. North Western.)-ROAD.-Elroy, Wis.. to Omaha. Neb., 593 miles;
sold at foreclosure on Dec. 22 1914 and isRailroad
being distributed amongthe bond- other lines, 1.160 m.; total, July 1 1914. 1.783 miles, or which 1,683 are
holders per plan V.99. p. 1129, 1908. See
the Ch. R. I. & Pac. RR. above. owned and 70 miles leased. V.69. p. 1147.
Estimate of financial requirements,
98, p. 762. 1536. 1609; V. 99, P.
269. Proxies for annual meeting Apr.V.
was a consolidation July 1880 of the Chicago St. Paul
12
1915,
V. 100, p.396, 473. Resti- & H/STORY.-This
Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
tution suits, V. 100, p. 473, 555.
In November 1883 Chicago & North Western By, purchased control.
A reorganization committee may be formed to undertake the work
of viz., $9.320.000 common and $5.380.000 preferred.
readjustment,under which the stockholders will bo asked to provide a large
part of the new capital required. V. 100, p. 53.
STOCK.-Authorized common, $21.403,293; preferred. 612,646,833.
D/V'S-11903. '04. '05. '06.'07.'08. '09. '10.'11.'12. 1913. None
Held by the company June 30 1914. common stook and scrip. *2,844.207:
Per cent_ _I 734 8347.88 6 5 Si 5k 51-( 4% 634514
preferred stook and scrip. 61.386.921. Preferred stock has a prior right
5
since.
BONDS.-Of the general 4s of 1898.those unissued are available as fol- to non-cum. dividend of 7%, but oom.Is never to receive more than pref.
lows: $16.900,000 at not over $1.000.000 per annum for permanent improveDIVS.- 1 '93-'96. '97. '98. '99. '00. '01. '02. '03. '04. '05-'14. 1915.
ments and additions. Incl. equipment: Bankers Trust Co.. N. V. and Benj Common
____S None 2 2 334 b
5 8 6 6 7 y'li 334,Strong Jr., trustees. Abstract, V. 66, p. 522; V.78, p. 228; V. 80.p.272.
7 per annum (3)4 F. & A.)
The collateral trust gold 4s of 1902 ($24.000,000 authorized) are secured Preferred %1
BONDS.-In April 1911 the 61,500.000 Superior Short Line By. bs held
by deposit of all stook of Choc. Okla. & Gulf RR. V.74.D.775. 829.936. 1356.
In the treasury were sold. V.92. p. 954. 1310. Ch. St. P. & Minn. 1st 6s.
REFUNDING 4% BONDS OF 1904 ($163,000.000 AUTHORIZED ISSUE) due
1918, and North Wisc. 1st 6s, due 1930. are exchangeable at option of
A 1st lien (either directly or through pledge of entire issues of bonds of the holder
at any time. $ for 6, for consol. 6s. V. 68. p. 521; V. 77, p. 2389. /n
companies owning the same) on terminal property in St Paul, Minneapolis Feb.
1912 sold $5,000.000 b% debentures, in May 1913 62,500.000 and In
and Kansas City, new equipt and shops at Silvis, near East Moline,
and Mar. 1914 $1,700.000 under a debenture agreement providing for 615,000.on railways aggregating 1,158 miles; also a junior lien subject to Ill.,
existing
mortgages on all the other lines of the system of the Railway company,aggre- 000. Any increased mtg. (except for extensions) must secure debentures.
gating, exclusive of leased lines and trackage, 5,683 miles. See V 78. V.94, p. 278.487, 1316; V.95. p.812; V.96, p. 1421, 1556; V.98. p. 386.
EARNINGS.-For 6 months ending Dec. 31:
p 228. 234; V. 79, p 1716, 2206; V 84, p 219. V 85. p 98.
Six Months- Gross Income.
Net.
Charges.
Bal., Snip.
Of the $107.640,000 of these bonds issued in June 1914, $39,794,000 had
$9,773,821
$2,927,657
bean issuel for refunding purposes, $15,000,000 to reimburse treasury, 1914
$1,436,509
$1,491,148
9.966,709
2,846.443
1,388,192
$24,370,000 for acquisition of property or securities and $27,500,000 for 1913
1,458,251
REPORT.
-Year
ends
June
30.
Report for 1913-14 at length in V.
improvements. Or the remaining $55,360,000 bonds authorized, $42.231,000 were reserved for underlying bonds, $12,524,000 to pay for 75% of 99, p. 810. 829.
1913-14.
the purchase price of bonds of other cos. and the $605.000 balance for
1912-13.
1911-12.
$17,992,371 616.993,005 $15,135.426
improvements and acquisitions of other properties or securities. V. 87. Total operating revenue
n. 1080. 1419: V. 88. p. 623, 822: V.89. p. 666: V. 90. n. 108. 236. 1170. Operating expenses
12,632,571 11.887.461 10.466.216
1424; V. 91, P. 1766; V. 92, p. 1031, 1310; V. 93, p. 1667, 1785; V. 99,
1:]•
Net operating Income
1748. 1831.
65,359,800 $5,105,543 $4,669,210
The $20.000,000 20-year 5% debentures of 1912 were sold to provide for Total net income
64,636,089 $4,504.272 $4,122,304
Interest
on bonds
terminal properties at Omaha. new terminals and a bridge across the Mis2,052,902
1,826.264
1,649,029
sissippi River at Memphis. various additions and betterments, and.to pay Rentals and miscellaneous
561,572
399,074
388,672
Dividends on common stock (7%).._ 1,298,934
at maturity securities falling due. No new mortgage shall be made without
1,298,934
1.298,934
Dividends on preferred stock (7%)
securing debentures equally thereunder. V. 94. p. 206, 278, 1448.
787,976
787.976
787,976
The $7.500,000 6%, collateral notes dated Feb. 16 1914 are secured by
Net surplus for year
deposit of 69.989,000 Chic. R.I.& Pac. By. First & Ref.M.4% gold bonds,
def.$65.295 sr.$192,023 def.$2.307
-(V.98. p. 386, 838, 999; V. 99, p. 810, 829; V. 100, p. 229.)
$1,780,000 St. Paul & Kan. City Short Line RR. 1st M.434% gold
(guar. prin. & int. by the Chic. R. I. & Pac. Ry.) and $1,965,000 bonds
Rock
CHICAGO TERRE HAUTE & SOUTHEASTERN RY.-(See Map.)
Island Arkansas & Louisiana RR. 1st M.434% gold bonds
(guar. Prin. & Owns Chicago Heights, Ill., to Westport, Ind.,290.57 m.; Blackhawk to Sulint. by the Chic. R. I. & Pac. Ry.). V.98, p. 999. 1070.
livan,Ind.,18.52 m.;Bedford to Oolitic, Ind.,4.19 m.:9 branches.48.94 m.:
Peoria By. Terminal 1st 4s ($1,500.000 auth.). guaranteed
with trackage Blue Island Yard to Chicago Heights, Ill., 12.47 miles: trackChicago & Alton, are subject to call at 10234 after July 11916. Jointly
age to Union Depot, Terre Haute, Ind., 30 miles; total June 30 1914.
As to Ohio. R.I. 63 Pao. Elevator mtge.,see V.79. p.2590; V.85,p.159. 374.99
miles. Incorp. in Indiana and Illinois In Nov. 1910 as successor to
V.
82.
p.750.
As to Congo!. Indiana Coal 5s, Interest guar.. see V. 80. p.
2401, 2623; the Southern Indiana Ry. and the Chicago Southern By.(both foreclosed),
form of guaranty, V. 82. p. 1499. Rook Island-Fris
co
per
plan
Terminal
in V. 91. p. 337. 333. Possession taken Jan. 1 1911 (V. 92. p. 59).
Ry.
bs,
guaranteed jointly, V.84. p. 569. 748.
Has also acquired the Bedford Belt By. In 1913 (after June 30) made 99In June 1914 the Rock Island Omaha Terminal Ry.. whose
stock is all year lease with the Balt. & Ohio Terminal RR. for use of 12.47 miles
owned, had issued to the C. R. I. & P. for advances
$600,000 20-year 5% through Chicago Heights north to Harvey Junction in the "Chicago Switchgold bonds to cover cost of land required for new
terminals to be built in ing District."-V.97. p. 1110.
Omaha. V. 98. p. 1994; V. 99. p. 1828.
STOCK.-The $4,300,000 com,stook, except shares necessary to qualify
ROCK I. ARK.& LA.1ST M.4%S,GUAR.P. clE I..
A UTH. directors, have been placed in a voting trust until Dec. 24 1920. unless
Secured by a direct first lien on 363.76 miles, with 630.000,000
terminated, as provided in the agreement. Roy C. Osgood, Frank
sooner
trackage
rights
over
37.89 miles, and on equip, worth about $1,600,000. Of
the remaining F. Taylor and Geo. A. Jackson, voting trustees.
bonds, $8,489.000 are %suable for new mileage at actual cost,
not
exceed-The new "firstand ref." M.Is a first lien on about 127 miles
BONDS.
ing $30.000 per mile, and $8,54e,000 at cost of additions and betterments
to and a second (consol.) mortgage on the remaining 232 m. owned. V. 91.
properties, exclusive of equipment, on which the mtge. is a
first lien. P. 337; V. 92, p. 596: V. 94. p. 1118.
V. 90, p. 626, 699, 1161. The $453,000 R. I. Ark. & La.
notes are also
Purposes for which $20,000,000 First and Refunding Bonds were Issunble.
guaranteed by C. R. I. & P. V. 93. p. 345, 469.
Issued under plan (of which 31,845,000 pledged for loans)
$6,,
200 000
ST P A. KANSAS CITY SHORT LINE 1ST M. 434S
Reserved
to retire So. 2nd. By. and Bedford Belt let M. bonds
7,887.000
GUAR.
P.
&
I.
Secured by a direct first lien on about
miles of road. Of the re- Reserved under careful restrictions for extensions, additions. immaining bonds, 610,000,000 are reserved 183.22
provements, acquisition of sub-company stock and bonds, &c_ 5,913.000
par for new mileage at actual
cost and $7,600,050 at par for actual costat
or additions and betterments on
The income bonds dated Dec. 1 1910, $6,500,000. bear interest from
first lien properties. V.92, p.526, 593;
V.93, p. 1196,1259; V.94, p.1056; Dec. 1 1912 at 5% per annum from net earnings (determined as provided in
V. 97, p. 236, 1114.
the mortgage), payable if earned, but cumulative to extent not paid. The
Capitalization per mile June 30 1914: Stock,
$10,126; bonds, including incomes have at all stockholders' meetings one vote for each $100 par value,
equipment trusts, $36,604.
the condition and manner of casting such vote being fully stated in the mtge
EARNINGS.-6 mos., 11914_ _ _ _Gross,
Div. on incomes, 1%, semi-annually paid Sept. 1911 to Mar. 1913 incl.:
$38,237.698; not,
July 1 to Dec. 31.
11913___ _Gross, 36,497,299; net, 69,635,288
9,883 669 Sept. 1913, 134%' Mar. and Sept. 1914, none. V. 97, p. 298.
REPORT.-For year 191344. V. 99, p. 1523,
1828:
Loans secured by 61.845.000 "First and Ref." bonds. $1,380,000.
edit.,
p.
1488.
Year ending June 301913-14.
1912-13.
EARNINGS.-For 6 months ending Dec. 31 1914. gross, $1 164 592.
1911-12.
.205
,048
8.036 against $1.149,272 in 1913; net, $280,741. against $183,868.
Freight earnings
644,309.636 $46,428,045 $41,156,835
Passenger earnings
REPORT.-For year ending June 30 1914 In V. 99. p. 1048, showed:
18,824,651 19,777,431 18,609,408
Mail, express, &c., earnings
13-14.
5,073,826
1 - .
5,159.459
4.946,610 Gross earns__$2.162,068 $1,929,552 Taxes and rents_9_$162,985
$127,608
386,129
427:71 F
Inix
ed
co
mbd
e in
.,ttic-int_ 646,653 542,560
Total gross earnings
$68,208.113 $71,364,935 $64,712.853 Net earnings_
7
9
2
4
8
4
60
74
:9
.&__o
in
.
c
eu
eci
n
tip
expenses
Operating
50,999,946 52,504.102 46,759,494
918,273 Balance, surplus_ 51.2
Tot,
36
1.
,3
(
72
8
2
77
84)11
8
$17,208,167 318.860,833 $17,953,359 419; V. 97, p. 298, 1024. 1110: V. 99 p. 894. 1038.)
Net earnings
$13,892,534 $15,914,395 $15,160,044
Operating income (after taxes)
OFFICERS,&c.-Pres.,54.3.Carpenter; V.-Pres., E. K.Bolsot; Treas..
168,321
Other income
1,029,795
727,245 F. J. Lawlor. Directors: M. J. Carpenter, E. K. Boisot, Chas. Porter.
J. S. Field, A. W. Howard, F. 0. Wetmore. John T.
614,060.855 $16,944,190 $15,887,289 419; V. 97. p. 298. 1024. 1110; V. 99. p. 894. 1048.) Beasley.-(V. 96, 16•
Total net income
$13,610,234 612,885.835 $12,036,893
Interest, rentals, &c
CHICAGO UTILITIES CO.-Incorporated in Maine April 9 1912 to
(254)1,871,763 (5)3.743,525 (5)3,743,760 succeed
Dividends
(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. 96.
def.$1.421,142
sur.$314,830 sur.$106 630 D.652. 1089. Reorg. per plan of Oct. 2 1911
Balance, surplus or deficit
(V.93, p. 938. 939. 1386.).
OFFICERS.-Chairman, T. M. Schumacher; Pres., H. U. Mudge;'1st
Company acquired (either directly or otherwise) all the capital stock
and
V.-P., J. E. Gorman; V.-P., A. C. Ridgeway; V.-P., Edward S. Moore; mortgage notes of the Chicago Warehouse & Terminal Co. and the
Chicago
V.-P., Sec. & Timis., Geo. H. Crosby, Chicago; V.-P., Asst. Sec. & Asst. Tunnel Co. (purchase of property of Illinois Tunnel Co.) and the Illinois
Bankers
office,
Trust
Y.
99,
N.
p.
Bldg.
Quinlan.
-(V.
Treas.. J. J.
Talmo. & Teleg. Co. The subsidiary companies own property free of incumbrances except certain mortgages held by the Utilities Co.
1672, 1748. 1828, 1831, 1909; V. 100. p. 53, 396, 473, 555.)

San Pier
vairoolt.

Royal Culler
'e
,
ontleelTor6"

tdrii
'ICoLorno
P

RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
(Pot abbreviations. ovc.. see notes on first page]

Miles Date
Road Bonds

Chicago Terre Haute & S E-Stock
z
4 1898
Bedford Belt first mortgage, not assumed
sss Indiana 1st M g (see text) not assumed_GP.zo•
228 1901
359 1910
1st and ref M $20,000,000 g call 10756--_IC.x0*&r*
___ 1910
Income M $6.500.000 call par (cum aft 2 yrs)---FCx
x
-__ 1913
Equipment gold bonds due $40,000 semi-ann
(locomotives)
do
do
Chicago Utilities- .
Common stock $22,500,000
Fret stock 5% non-cum $30,500.000
1st m ser A g red par 320.000.000-Usm.xc5acr*
___ 1912
do Ser B g red par $4,000,000_ _ „Usm.xc*Str*
__- 1912
Chicago & Wabash Valley Ry-See Chic. Ind. & Lou isville
Chicago & Western Indiana-Stock (see text)
General mortgage gold sink fundsubj tocall 105-x0•
48 1882
IC.xo•&r*
Cons M $50,000,000 e
___ 1902
First and ref NI $200.000.000
Ba xc* & r*
1912
3-year interim notes seed by 1st & ref Mred _102 x
__- 1912
Chicago & West Michigan-See Pere Marquette RR
Chicago Wisconsin & Minnesota-See Wisconsin Cent
Choctaw & Memphis-See ChM Rook Isl & Pao By
Choctaw Okla & Gulf RR-See Chic Rook / & Pao By
Cincinnati Dayton & Ironton-See Cincin Ham & Day
Cincinnati Find & Ft W-lst M g guar end red_ _N.0*
91 1903
Cincinnati Hamilton & Dayton-Common stook__ ---- ____
Pref.5%(remain'g $7.751,425 canceleci:V 91 p1092)
___ ____
Second (now first) mortgage gold
Fxo*
59 1887
General mortgage 57.800.000 gold
Me.xc)*
59 1892
Cincinnati Dayton & Chicago first mtge gold-- --Nx
95 1892
CM Day de Ironton 1st Mg guar (assumed) Ce.xo•
167 1891
Cincinnati & Dayton 1st mortgagej All
1____
13 1887
Toledo Findlay & Springfield 1st M..1 owned f ____
14 1889
1st & ref Al $75,000,000 auth, part gu-Bax.o* &r•
All 1909
General mortgage 620.000,000redeemable text_Ce.x
All 1909
Car trusts gold 554,000 due s-a begin Oct '06_Ce.xo
--- 1905
Oar trusts Ser A due $116,000 semi-ann
Ba or
-__ 1910
Ind Dec & W 1st 3,1 gold red(not guaranteed__Cex
262
j'1895
3
at 110
lguar p & I (end)_ _xc 1
11895
b Incl. June 30 1914. $19,000 in treas. and $6,9 94.000 o oll.
money notes which were purchased at maturItY by B. & 0.

Amount
Outstanding

Par
Value

Rate
%

$100 $1.300.000
5
250,000
4g
7.537.000
4,356,000
fig
6,500,000 Sp13.1 M
5
730,000
90,000
5

1,000
1,000dce
100 &o

1.000&c
1.000 &c

When
Payable

6
6g
4g
5

Last Dividend Places Where Interest and
and Matu ty
Dividends are Payable
-

J & J July! 1938
F & A Feb 1 1951
J & D Dec 1 1960
1st Nat Bk, N Y or Chc
do
See text. Dec 1 1960
do
To Apr 1 1923
do
do

18,794,000
30,475,000
5g A
5,999,900
4,000.000 See text

100 5.000.000
1.000 5,569.000
1,000 deo 44,185.000
1,000 &c See text
1,000 &c 10.000.000

[VOL. 100.

& 0 Apr 1 1942
Apr 1 1942

U S Mtg & Tr Co. N Y
do
do

Q-M 31 Sont30'14,1 Ni% Chicago
J P Morgan de Co, N Y
Q-M Dec 1 1932
III Tr & S Bk.Chlo; &NY
J & J July 1 1952
J P Morgan & Co. N Y
111 & S Sept 1 1962
do
if & S Sept 1 1915
do

Nov '14 coup not paid
4 g If & N Nov 1 1923
1.000 1.150,000
Text Dec 24 1903 2% Incinnati
100 8,000.000 See text
248.575
100
J P Morgan & Co, N St
434 g .7 & J Jan 1 1937
1.000 2,000,000
do
do
5 g J & D June 1 1942
1.000 3,000,000
do
do
A & 0 Apr 1 1942
4
1,000 1.200.000
Nov
1914
coup
not
fig
N
May
1
1941
paid
&
Id
3,500.000
1.000
J P Morgan & Co, N Y
431 J & J July 1 1937
300,000
1,000
do
do
A & 0 Oct 1 1929
6
300,000
1.000
See text
J & J July 1 1959
4
$ & £ b16,190,000
See text
c20,000,000 See text See text July 1 1939
216,000
434 g A & 0 To Apr 1 1916 Oct 1914 coup not paid
1,000
5
J & D To June 1 1920 J P Morgan & Co, N Y
1.000 1.276.000
July 1914 coup not paid
1.000 2.229.000
5 g J & J Jan 1 1935
do
do
fig J & JJan 1 1 35
933,000
1.000
for temp orary loans . there Is also $13, 000.000 addl un der$11,557,000 purchaseloans
tempor'y
lateral
for
col
$207.000
264,000
in
treas.
and
$2,
V.98.P. 1693. c

There is owned by subsidiary companies 60 miles of tunnel, equipped with
narrow-gauge electric motors and cars, designed for the transfer of freight
between the various railroad terminals in the city of Chicago, and to and
from the downtown business district and between business houses; see V. 86.
p. 720: V. 87, p. 1357: also telephone system (established by the receivers)
vrith 8exchanges and about 17,500 subscribers. Present capacity ofexchanges
27,200 telephones. See V.93. p.938; V.96, p.652. In June 1913 application
was made to sell the telephone system to Chicago Teleph. Co. V.96, p.1700;
V. 99, p. 1748.
BONDS.-Of the $24,000,000 new 1st 5s. $20.000.000 Ser. A are superior
In lien to the $4,000,000 Ser. B.(5% non-cum. incomes for first 5 years.)
EARNINGS.-For year 1913: Gross, $789,207; operating expenses, including taxes, $871,413; op. def., $82.207; other income, $19,629.
Directors.-F. S. Peabody and Spencer Otis, Chicago; Samuel McRoberts and Irving T. Bush, New York; R. J. Dunham and C. W. Hotchkiss,
Chicago. Pres., C. W. Hotchikss; V.-Pres.,and Treas., S. W.Tracy; Sec.,
3.0.Payton. Chicago office,754W.Jackson Boulevard.-(V. 100. p.641)
CH ICAGO & WESTERN INDIANA RR.-(SeeMap.)-Owns a valuable
terminal system affording entrance into Chicago to the roads named below.
Its lines extend from Dearborn Station, Polk St.. Chicago. to Dolton, 17 in.;
also to Indiana State line, 10 m.; to Cragln, 19 m., and to South Chicago,
5 in.; total, 51 in.; total track, including 2d, 3d. 4th tracks and sidings, 475
in.; also owns over 1,200 acres of real estate, passenger and freight yards,
warehouses. elevators, &o. The Belt Ry of Chicago leases and operates
325 miles of the 475 miles owned by the Ch. & W.I., Its securities being all
see V. 60. p. 1058. See below.
held by cos. leasing Chicago & W.
/n March 1912 seven additional roads, viz.: Atch. Top. & Santa Fe.Chic.
R. I. & Pao., Illinois Central (Incl. Chic. Madison & Northern), Pennsylvania Lines, Chicago Burlington & Quincy, Minneapolis St. Paul &
S. S. M. and Chesapeake & Ohio, agreed to become lessees and part owners
and the terminals are to be greatly improved and enlarged. The Chicago
Union Transfer By. property (V. 73, p.1207) has been purchased for $4,400,
000, including a clearing yard 334 miles by a half mile, and 100 miles of
track and a capacity of 5,000 cars a day. Additional yards and tracking
will be provided as may be needed. The financing will continue to be done
through the Chicago & Western Indiana, and the property leased to the
Belt fly. The existing leases to the trunk lines were readjusted so that
the rentals thereunder shall be equal to the interest at 414% on $14000,000,
the value of the old Belt Co. property, plus $4,400,000 cost of Chic. Union
Transfer Ry. and interest on $996,000 consol. M. 4s issued for improvements to Belt Ry.made between May 11 1911 and Sept.2 1912, and int.
on obligations of lessor for construction or acquisition of Sept. 2 1912.
V.94, p.910; V.95, p.419, 1471; V.96, p.201; V.97. p.361.
LEASES.-This company's road and terminals were leased under perpetual contracts to the Wabash. the Grand Trunk West., the Chicago &
Eastern Illinois, the Chicago & Erie and the Chicago Indianapolis & Louisville, each of which live companies owns *1.000,000 stock. They are also
leased to the Atchison, the Elgin Joliet & Eastern and Belt By. Annual
rental must always exceed at least 20% Int. on bonds outst. V.78. p. 819.
DIVIDENDS.1 '95. '96.'97 '98.'99.'00 to Oct. '14
Per cent
I 734 6 6 6 6
6 yearly
BONDS.-The general mtge. bonds are drawn at 105 and Interest in
such annual amounts as will retire the debt by maturity.
Of the consul. 4s of 1902 (auth. Issue $50,000.000). 35,691.607 are reserved to retire general 6s. V • 87, p. 36, 1604. 1603; V. 88. p. 100, 374;
V. 92. p. 394: V. 93, p. 1668: V. 97. p. 1425: V. 98, p. 235, 452.
Of the 1st & ref, bonds of 1912 (5200.000,000 auth. issue), with interest
not to exceed 5%. $50,000,000 are reserved to refund existing bonds,
$50.000,000 for additions and improvements to the Belt division, including
Chicago Union Transfer By., for $4,400,000, and $100,000,000 for new
terminals and other improvements.
In Sept. 1912 sold $10,000.000 3-yr. 5% notes to acquire the Chic. Un.
Transfer Co. and enlarge Chicago terminals, the notes being secured by
the new mtge., under which they are the first issue,bonds being reserved to
retire the same. V. 95, p. 419, 749; V. 96, p. 201.
ANNUAL REPORT.-Report for 1913 in V. 99, p. 604. showed: Gross,
23.374,592; int., &c., $2,991,116; divs., $300,000; bal., sur..
Pres.. Howard G. Iletzler.-(V. 99, p. 604, 1451, 1672; V. 100, p.$83.476.
641.
CHIRIQUI RR.-V.99, p. 1299.
CINCINNATI FINDLAY & FORT WAYNE R Y.-Owns Findlay, 0., to
Ft. Wayne, Ind., 80 m.: also connecting link with the Ctn. Ham. & D.from
Delphos to Mandate, 11 miles; sidings, 12 miles. V. 77,
88, 694.
Leased to Cin. Ham. & D. for 99 years from Nov. 1 1903, withp.
privilege of
renewal for like periods forever. V. 78. p. 286. Stock, 21,250,000, all
owned by the CM. Ham. & D., which guarantees bonds, prin. and interest.
Mtge. Is limited by special agreement to $1.150,000, or about $12.500 per
mile. Bonds are subject to call at 10234 and interest. V. 78. p.286.342.
701. Form of guaranty, V.78. p. 701. The coupons duo Nov. 1914 were
defaulted. V. 99, P• 1451.-(V. 90, p. 697; V. 99, p. 1451, 1909.)
CIN. GEORGETOWN & PORTS. RR.-See "Electric Railway Section."
CINCINNATI HAMILTON & DAYTON R Y.-The system includes:
Miles.
Proprietary roadsMiles.
Road owned60 Cincinnati /nd. & Western__ *361
Cincinnati to Dayton, 0
160 Cincinnati & Dayton
13
Dayton to Ironton.0
95 Columbus Findlay & Northern_
18
Dayton to Delphos, 0
45 Bowling Green RR
ke
Piqua & Troy (8): Lhila. B-ert.(1)_
9
this
Co)
•
leased-(See
Roads
•141 Cino. Findlay & Ft. Wayne__
Dayton & Michigan
Total of all
3
Home Ave. RR
Chic. & St. L. and
Also owns Dayton & Union jointly with Clev. Cin. By.
V.76, p. pm.
Jointly with Sou. By. controls Cin. New On. & Tex. P.
stock.
V. 92. p. 596.
RR.
Marquette
Pere
511.000,000
sold
the
/n 1911
ORGANIZATION.-The company resumed possession on Aug. 19 mu,
he finances having been readjusted without foreclosure per plan of June
1909(V.88. p. 1436. 1498). Under the plan the management of the system

1.11%

was taken over by the B. & 0. RR., and the ownership of the controlling
stock is to be acquired by that company at the end of 7 years from July 1
1909 at a price then to be fixed by arbitrators (a supplemental agreement
made Oct.21 1912 with Messrs. J.P.Morgan & Co.fixed $740,970, in addition to the minimum 52,530.000. as the maxitmun price to be paid in 1916
for the stock) during the 7 years said control is to be vested in throe voting
trustees, one President of II. & 0. V. 99, p. 48.
Receivership.-Interest on the $1,677,000 outstanding unguaranteed
1st and ref. 45, the Cin. Ind. & Western 1st and ref. 4s and Ind. Dec. &
West. 5s, due July 1 1914 having been defaulted, Judson Harmon and
Rufus B. Smith were on '
July 2 1914 appointed receivers. The cost of
reconstruction was greater than was first thought probable and the
flood of March 1913 imposed such additional burdens that the Halt. &
Ohio was unwilling further to extend its credit beyond its legal obligations.
The B. & 0. has guaranteed 512,500,000 1st and ref. 4s, only $7,500,000 of
which are outstanding, the remaining 55,000,000 not having been sold, but
has advanced 53,989.000 for construction purposes. It also advanced
$1,915,227 for equipment obligations. 51.200,000 for reconstruction of
property destroyed by the flood and $3,296,866 for general treasury purposes. For these advances, aggregating $10,401,093, the B. & 0. held
June 30 1914 as collateral $6,994,000 First & Ref. M. bonds and other security estimated as worth not less than $3,000.000. V. 99, p. 1365. The
Nov. 1914 coupons on Cin. Day. & Ironton 1st 5s and Cin. Findlay & Ft.
Wayne 1st 4s were defaulted; also installment of $54,000 Kieybolte equip.
trusts due Oct. 1 1914 and coupons then due. V. 99, p. 1299, 1451. In
Oct. 1914 foreclosure suit was brought under Indiana Dec. & Western 1st
5s and Cin. Ind. & West. Ist & ref. 4s. V. 99. p. 1299, 1597. V.99, p.48.
On Feb. 18 1915 a separate receiver of the Cincinnati Ind. & West. was
appointed. V. 100, p. 641. 397.
In Oct. 1914 an application to issue $3,000,000 receivers' colts. for equipment was withdrawn pending better financial conditions. V. 99. p. 969.
Committee for lit & ref. 4s and Ind. & Dec. 1st 5s.-Wm.A. Read (Chairman), E. Mowle, Sec.; Eq. Tr. Co.. N.Y.. depositary. V.99. p. 119.
Committee for Gen. M Bonds.-Charles H. Sabin (Chairman); Arthur B.
Hatcher, 140 Broadway, Sec.; Guar. Tr. Co., N.Y., depos. V.99, p. 1051,
1130: V. 100, p. 555.
Committee for Kleybolle Equipment Bonds of 1905.-Wilmer Palmer, Osman F. Reinhard and Rudolph Kleybolte. See V.99, p. 1299, 1451.
Committee for Cincinnati Findlay & Ft. Wayne 1st M.4s.-F. N. B. Close
(Cahirman), P. D. Bogne, Sec.; Bankers' Tr. Co., N. Y., depository.
V. 99, p. 1909.
Committee for Cincinnati Findlay & Ft. Wayne 1st M.4s.-F. N. B. Mose
(Chairman), P. D. Boyne, Sec.; Bankers' Trust Co., N. Y., depositaty.
V. 99. p. 1909.
Cincinnati Dayton & Ironton lit 5s.-Alvin W. lirech, (Chairman),
Lyman Rhoades, Sec.; Equitable Trust Co.. N. Y., depos. V. 100, p. 473.
BONDS.-First and refunding Mortgage, Auth. Issue. 575,000.000.
See V. 88.p. 1498; V. 90.0. 771.) Of the amount out $7,500.000 is guar.,
p.& I.,by B.& O. RR. V. 94, p. 1056; V. 96, p. 1488; V. 97, p. 364.
The $11,557,000 4% purchase money notes dated 1908 and due July 1
1913 (secured by pledge of $13,000,000 new "first & refunding" 4s) were
guar. by B. & 0. and are now held by that company. V. 96, p. 1700.
The 520,000.000 generals by their terms draw interest as follows: 434%
dependent upon income until July 1 1911; then 1% fixed and 314% dependand 134% dependent
ent upon income until July 1 1914; then 3% axed fixed.
Fixed interest
upon income until July 1 1916: thereafter 43.4%
of the issue
J. & J.; non-cumulative income int. Nov. 1 yearly: $2,000.000
Trust
Bankers
by
bankers
private
for
attached
coupon
special
carry
making their interCo.. payable Nov. 1 from cash already on deposit,
due up to July 1 1914 was
est full 4% (V. 94, p. 206). The fixed interest
met under agreement between Balt. & Ohio and J. P. Morgan & Co. to
share equally any deficit up to that date. V.99, p.48. No"income interest" has been paid. V. 95, p. 817; V.97, p. 1024. The fixed Int. due Jan. 1
1915 was defaulted. V. 100, p. 555.
During July 1916 (or sooner, in case of earlier acquisition by II. & 0
& 0. agrees upon demand. unless said gen.
of the controlling stock) the B.
mtge. bonds shall have been sooner redeemed, at its option, either (a) pay
85% in cash and interest for said bonds or (b) issue in exchange therefor a
new 4% bond secured by said gen. mtge. and guar. p. & I. by B. & 0
As to guaranty of $9,207,000 Pere Marg. ref. 48, which,it was claimed, was
irregular, and which was revoked, see V. 85, p• 653: V. 87, 13. 1355.
Gross, $5,170,413; net, $982,993
EARNINGS.-6 mos., 11914
Gross, 5,418,597; net, 853,150
3ending
for
ly
1ea
91
r
June
orlt
.
30 1914. in V. 100, p. 226.
ec
ep
3
T.DR
to
0R
1
P
ly
Rj
Eu
1913-14.
1912-13.
1911-12.
Year ending June 30015
015
1015
Average miles operated
$10,084;217 $10,07C296 $9,825:321
Gross earnings
94,260
1,786,325
2,316,041
Net income
2,52
29
8:7
9433
5 2,32
Deduct interest on bonds
98
9:7
1,85
0
2,356,055
Interest on bills payable, &c
1,350,523
Rentals and hire of equipment
26
8
1,001,488
52
55.'3
2 54
Balance, deficit, for year
$3,814,491 51,643,066
5617,887
OFFICERS.-Pros., Daniel Willard; Vice-Pros., Geo. F. Randolph;
Treas. and Asst. See., F. M. Carter; Sea., C. W. Woolford.
Directors.-Oscar G. Murray. L. F. Loree, Geo. F. Randolph. G. M.
Shriver, Geo. W. Perkins, C. C. F. Bent, Geo. H. Campbell, Daniel Willard, E. R. Bacon, C. W. Woolford, F. D. Underwood. Harry Bronner.
-(V. 100, p. 226, 397, 473, 555, 611.)
CINCINNATI INDIANAPOLIS & WESTERN RR.-Hamilton, 0., to
Springfield. Ill., 284 miles; Sidell. Ill., to West Liberty, 77 miles; trackage.
West Liberty to Olney,8 miles; sidings, 92.8 miles. A consolidation Sept.
1902. V. 75, p. 239. 289, 497, 732. Stock authorized, $8,200,000: issued.
$7,115,800; all owned by C. It. & D., which is in receivers' hands. On
Feb. 18 1915 B. A. Worthington was made receiver. V. 100, p. 641. 397.
BONDS.-The "first and refunding" 4s 01 1902 (58.200.000 authorized
tame) are guar.. prin. & Int., by C. H. & D. by endorsement. V. 75. n•
1201, 1335; V. 77, p. 1290. Guaranty, V. 78. p. 2011. Interest on 1st &
ref. 4s and Ind. Dec.& West. 1st 5s due July 1 1914 is unpaid. V.99,p. 119.

FEB., 1915.]

RAILWAY STOCKS AND BONDS

43

MAP OF

CHICAGO & WESTERN INDIANA
RAILROAD COMPANY'S

BELMONT

LI N ES
SHOWING CONNECTIONS

FULLER ON AVE.

Track

C. & W. I. R. R.
m THE BELT RAILWAY

WEST
HICAGO

(C.& w.i.R.R.Co.lessor)

Team
rack

SCALE of MILES
hicao0

12Th

0

1

2

ATION
UI
•STATION
A,
l/111
NI STATION

ST.

earnTrack
;HAWT ORNE

•D CONN.

BELT RAILWAY
Track >'
aTe
rc

do

CLE RING 6
BELT RAILWAY
Au urn
Pa k
Tea—mTrac
17;

0 Steel Co.
CONNECTING LINES
Atchison, Topeka & Santa Fe fly.
Baltimore & Ohio Chicago Terminal R. R.
Baltimore & Ohio R. R.
Chesapeake & Ohio fly.
Chicago & Alton B. R.
Chicago & Eastern Illinois IL A.
Chicago & Erie R. R.
Chicago & Illinois Western R. R.
Chicago & North-Western fly.
Chicago & Western Indiana R. R.
Chicago, Burlington & Quincy R. R.
Chicago Great Western R. R.
Chicago, Indianapolis & Louisville fly,
Chicago, Indiana & Southern R. R.
Chicago Junction Fly.
Chicago, Milwaukee & St. Paul Fly.
Chicago River & Indiana B. U.
Chicago, Rock Island & Pacific fly.
Chicago Short Line fly.
Chicago, West Pullman & Southern fly.
Cleveland, Cincinnati, Chicago & St. Louis By.
Elgin, Joliet & Eastern fly.
Grand Trunk fly.
Illinois Central II. R.
Illinois Northern fly.
Indiana Harbor Belt R. R.
Lake Shore & Michigan Southern fly.
Manufacturer's Junction fly.
Michigan Central R. Fl.
Minneapolis, St. Paul & Sault Ste. Marie fly.
New York, Chicago & St. Louis R. A.
Pere Marquette R. R.
Pittsburgh, Cincinnati, Chicago & St. Louis fly.
Pittsburgh, Fort Wayne & Chicago By.
Pullman R. R.
^ Wabash R. R.

ST. •

BLUE
IS LAN
OOLTON

44

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. 100.
Last Dividend Plcues where Interest and
and Maturity
Dividends are Payable

Cin Ham & Dayton-(Coir.)
July 1914 coup not paid
4 g J & .7 Jan 1 1953
361 1902
31,000 $4,722,000
0 / 63 W lit & ref If 38,200.000 g gu 13 & 1 end_Eqx
J P Morgan & Co, N Y
142 1881
4 34 J & J Jan 1 1931
1,000 2,728.000
Dayton & Michigan first mortgage guar p & 1 end_zo
Un Say Bk & Tr Co. CM
4 g M & N Nov 1 1939
9 1899
1.000
250,000
Piqua & Troy 1st M $250.000 gold guar p & 1.__30)
Nov 1914 coup not paid
4 g If & N Nov 1 1923
Cincinnati Find & Ft W 1st M g guar end red-N.zo•
91 1903
1.000 1,150,000
Chicago
Cincin
&
Loulsy
Western-See
Ind
Cinchn &
Cincinnati Indianapolis & Western-See Cincinnati H amino n 63 D ayton
F 63 A Feb 1 1915 2% Cincinnati
4
100
825.000
Cincinnati Inter-Terminal RR-lst pref stk (see text) Text ____
Central Tr & S D Co, Cin
J & .7 Jan 2 1916
200,000
5
Cincinnati Lebanon & Northern-First mortgage_zc
52 1886
1,000
Farmers' L & Tr Co, NY
4 it 31 & N Nov 1 1942
1st con M $1,500.000 g gu p41 end(V 75 p 1398)_xo•
52 1902
1.000 1.206.000
Clo & Musk Val-See Cleve Akron & Cincinnati By.
-------100 3.000.000 111n1914 .7 & I) Dec 1019145)4 Cincinnati
Cln New On & Texas Pac-Common stock $3,000,000
do
Preferred stock (n &d) 5% cumulative $3.000,000__
___ ___100 2.453,400 5 In 1914 Q-111 Dec 1 1914 134
Equip trusts Ser 13 due $97.000 s-a (V.82, p 928)-x
291.000
434 g M & N May'15-May .16 Equitable Trust Co, N 4
--- 1906
1,000
Ser C due $50,000 s-a(V92, p 1031)_Bax
do
__ 1911
1,000
650,000
434 1).1&N 15 May'15-May'21 Bankers Trust Co. N T
Guaranty Trust Co, N 1
J 63 J July 1 1951
4
Cincinnati Northern-lst M $3,000,000 gold_(1.xo•4r
206 1901
1,000 1,000,000
Winslow.Lanier&Co..NY
Cincinnati Richmond & Ft W-lst M gold Int guar-o•
7 g .7 & D June 1 1921
88 1871
1,000 1.800,000
Un Tr de Dep Co. Parkers5 g A & 0 Oct 1 1945
Clarksburg Northern RR-1st Mg red text
321,000
1911
500
burg, W Va
Checks mailed
J 63 .7 Jan 1 1915
Clearrd & Mahoning-Stook 6% rent $1,000,000 autk
6
-------50
900,000
36 Wall Street.New York
First mortgage gold guaranteed B R de P13.xes•4r
26 1893
5 g J & J Jan 1 1943
1,000
650.000
aeveland Akron & Cin-Stock $12,000.000100 7,500.000 See text. See text Mch 25 '13 3%
j
.7
1887
600 &,:i 1,800,000
Clev Ak & Columbus gen M (now first) gold
5 g M de S Mch 1 1927
Winslow.Lanler&Co.N V
do
First consol. mtge 34,000,0001 guaranteed p &i end1 177 1900
do
4 g F & A Aug 1 1940
1.000 1,023,000
do
do
gold sinking hind
I not guaranteed.. f
4 g F & A Aug 1 1940
543,000
1900
1,000
Farm L & T Co. NY
CM & Mask Val 1st M $2,000,000 g gu ri f
4 g F & A Aug 1 1948
1000 1,719,000
F.o.
14 189
Cleveland Cincinnati Chicago & St Louis--Com stook
--- ----100 47.056,300 See text If & S Sept 1 1910 2% Treas office. New York
do
do
Preferred stook 5% non-cumulative
100 10,000,000 See text Q-J July21 1913 131
do
do
0 I St L & Coon M drawn at 105 sink fund 1% _zo•
M & N May 1 1920
593,000
6
1.000
173 1880
do
do
Gen 1st If $10.000,000 g s f not drawn__Ce.x0 4r
Aug
1
1936
-F
Q
4g
___ 1886 1,000 4o 6,992.000
de
do
01 Col C & / Gen cons M (312.000.000)f g__ Utiore• der
6 g J & J Jan 1 1934
391 1884
1,000 3,205.000
do
do
Indian & St L 1st M in 3 series of $667,000„Us.ze
"x" July 1 1919
7
72 1869
1.000 2.000.000
do
do
Cley Cin ChM de St L White Wat VallDiv 1st g_Ce.xo•
4g J & J July 1 1940
650,000
1.000
62 1890
do
do
Spr & Col Div (Col Spr & Cin) 1st M gold___Ce.xo•
4 g M & S Sept 1 1940
45 1890
500 4o 1.103,730
do
do
Cairo Division 1st M $5.000,000 gold
1
1939
.7
Jan
J
&
4
g
Ce.xo•
1.000 5,000.000
269 1890
do
do
St Louis Div cell tr gold ($590,000 ins0„Ce xoder
4 g If de N Nov 1 1990
194 1890 1,000 40 10,000.000
do
do
Cinoin Wab & Mich Div first mtge gold_ _ _ Usoro•
4 g .7 & J July 1 1991
204 1891
1.000 4,000.000
do
do
Gen M 100 years for $50.000.000 gold____ Ba.xo•& 1.021 1893
4 g J 63 D June 1 1993
1,000 28,579.000
do
do
do
Series B
5 g J & D June 1 1993
1,000 See text
1.021 1893
York
New
office,
Ch I de St L S List If $3.000,000 gold gu_Ce.xo•&
Treas.
1953
1
0
Apr
g
A
&
44 1903
1,000 3,000.000
4
"x" Ser."A" are J. & J.: ser. -13," M. & S.; ser. "C." M.deN.
Committee 1st & ref. 4s and Ind. & Dec. 1st 53.-Win, A. Read (Chairman);E.Mowle,Sec.; Eq.Tr.Co.,N.Y.,depos.V.99,p.119.-(V.100.70.641.)
CINCINNATI INTER-TERMINAL RR.-Owns a road 0.6 m. In length
connecting the Chesapeake de Ohio bridge and the Cin. Ham. & Dayton
terminals. Controlled by Chesapeake & Ohio Ry. Common stock, 310,000
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 Int. day after Feb. 1 1915
at 105. V. 79. p. 212; V. 80, p. 1728, 2398. 2620. Rentals received for
year ending June'30 1914. $33,407; dive.. $33,000; bal.. sur.. $407. Pres.,
Geo. W. Stevens.-(V. 80. p. 2620.)
CINCINNATI LEBANON & NORTH. RV.-Owns Cincinnati, O., to
Dodds. 36 m.,incl. 6 m.from Lebanon to Dodds,leased to Dayton Leb. &
CM.RR.; June. to Middletown, Ohio, 14 m.; branch,2 m.; total, 52 in. The
Dayton Lebanon & Cincinnati RR.& Terminal Co., Lebanon, 0., to Lebanon Jct., 23 miles, and Hempstead to Dayton Union Station. 6 m. and
branch Lambert to Lakeland, 1 m., was acquired Jan. 1 1915. V. 49, p.
1831: V. 100, p. 139. Stock, $2,500.000, as increased Jan. 1915, all outstanding and owned by Pitts. Cin. Chic. & St. Louis By. V. 75, p. 980:
V. 100, p. 53. Div. of4% paid in 1906.'09 & '10;'11 & '12,4%; 1913,5%;
1914, 3%. V.99, p.53 Of $1,500,000 1st cons. 4s of 1902, guar. p. & 1.
Pennsylvania Company, $200,000 are reserved to retire the 5s due 1916.
77, p. 86; V. 98. p.610. Cal. year 1913. gross, $588,418; net, $125,387:
other income. $52.995; charges, $69,288: divs.(5%), $75,000; contribution
to sinking fund, $11,374; surplus, $22.721.-(V. 100, p. 53. 139. 473.)
CINCINNATI NEW ORLEANS & TEXAS PACIFIC RY.-(See Map of
Southern Ry.)-Operates Cincinnati Southern By., owned by city of Cincinnati, Cincinnati to Chattanooga. Tenn., 335 miles; trackage. 2 in. OWDS
entire stock of Harriman & N. E. By., 20 in., op. separately. V.77,p.1743.
/n 1901 lease was extended 60 years to Oct. 12 1966; rental until Oct. 12
1906 was modified beginning July 12 1902 to 51.050,000 yearly, the remaining 550.000 per quarter to be deferred as it accrues and to be paid quarterly at rate of $40,000 yearly, with int. on def'd payments at 3%; rental
under renewal to be $1.050,000 yearly for first 20 years. then $1,100,000 for
20 years; thereafter 31.200.000. V. 73, 722: V. 74. P. 1251; V. 95. P.
1402. Pref. stock has nx voting power. V.
V.74,
. p. 528. 829.
DIVS.1 '03. '04. '05. '06.'07-'10. '11. '12. '13. 1914.
Common, %
f 2 2 5 53.5
5
8 11 11
11
STOCK.-Common, 53.000.000. controlled in Interest of Southern By.
and Cincinnati Hamilton & Dayton By. V. 61. p. 26; V. 65, p. 1173.
LATEST EARNINGS.-(1914
Gross,$4,762,695; net,$1,131,204
6 mos., July 1 to Dec. 31.11913
Gross, 5,502,160; net, 1,692,769
ANNUAL REPORT.-Report for year ending June 30 1914, in
V. 99. p. 1594, showed: Gross, $10,872.690; net, after taxes,
other income, $477.606; int., rentals, 4c., $2,676,350; div. on $2,788,523;
pref. (5%),
•$122,670; div. on corn. '11%), 3328,900; bal., sur.,$138.209. In 1912-13,
gross, $10,445,169: net, $3.055,210.-(V. 100, p. 308.)
CINCINNATI NORTHERN RR.-(See Map Cleveland Ctn. Chicago eerSt.
Louis.)-Owns Franklin, 0., to Jackson, Mich., 205 miles; branch, Lewis
burg, 0.. to quarries, 1 in.; trackage (0. C. 0.& St. L.), Franklin to Cincinnati. 39 miles; at Jackson, 1 mile. On Jan. 11814 Clev. Cm. Chic. &
St. L. owned $1,707,400 of the $3,000,000 stock and $581,000 bonds.
Divs. Mar. 1910 and 1911. 3%; 1912 and 1913. 1)4V 1914, none.
For cal. year 1913, gross, 31.436.709; open. def., $50,297; other income,
$15,100; charges, $121,052; bal., def., $156.249. For 12 mos. ending
Dec. 31, gross, $1,471,472. agst. $1,436,709 In 1913; net, $253,688, agst.
$16,762. Pres., W. C. Brown.-(V. 98. p. 762, 1070.)
CINCINNATI RICHMOND & FORT WAYNE RR.-Owns from Richmond, Ind.. to Adams. Ind.. 86 m.; leases 5 m. of P. Ft. W.& G. Now operated (Jan. 1914) by Grand Rapids & Indiana By. Rental, net earnings.
Int. Is guaranteed by the Pennsylvania Co. and Pitts. Cln. ChM
L Co.
jointly (the P. C. C. & St. L. taking the place of the Cin. Ham.&&St.
Dayton
in 1888). Stock, $2,186.600 (par $50), of which Penn. Co. owns
31.277.000. Due guarantors June 30 1914. $2,011,706.
Year ending Dec. 31Cross.
Net.
Int., &c.
Balance.
1913
$825,300 3137,606 3203,493 def.365,887
1912
793,950
162,466
198,048 def. 35.582
CINCINNATI UNION DEPOT & TERMINAL CO.-V. 94, p. 1695.
CLARKSBURG NORTHERN RR.--See page 140.
CLEARFIELD & MAhONING RY.-(See Map Buf. Roch. & Pitts.)Owns road, completed in 1893,from Du Bois Jet., Pa., on But. R. de P., to
Clear-acid on Beech Creek RR.,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 51.000.000 stock. par $50. and 5%
on bonds,the latter being guar., p. & i., by endorsement.-(V.89. p. 1141.)
CLEVELAND AKRON & CINCINNATI RY.-(See Maps of Pennsylvania Ra.)-Owns from Hudson, 0.. to Columbus, 0.. 144 miles; =buck
SO Trinway,34 in.; Morrow to Trinway, 148 in.; Apple Creek branch, 9 in.;
total owned, 335 m. Owns a fourth interest in Akron & Barberton Belt
5 m. V. 76. p. 435.
RR., 24 in., and half interest In Zanesville Term
RR..de Columbus By. and
A consolidation July 1 1911 of the Cleveland Akron
Cincinnati & Muskingum Valley RR. Pennsylvania Company owns $7.498,487 of the 57,500,000 outstanding stock. Operated by Pennsylvania
Co. under arrangement terminable on 6 mos.' notice, the net earnings to
go to C. A. & C. V. 93. p. 1669. First div., 2%, paid Sept. 25 1911
in 1912.6% (M.48.); 1913, March,3%; Sept., none.
Company;la'rr. Co..
Of Cleveland Ale. ts COL lit consol. gold tolf..19b4y0
the Penn.
Phila. trustee). 51.023.000 are guar.. P.
$1.80d.000 are reserved to retire the gen. 5s due 1927; V. 71, p. 390; V. 76.
D. 653; V. 77, p. 1746, 2280.
Penn. Co. also guarantees Ctn. & Musk. Val. bonds; see form, V. 76. p.
653. Car trusts Dec. 311013, 3262,315, due $85.746 yearly. Report for
cal. year 1912 In V.96,P.1697. in 1913, gross, 34.086,832; net. $215,160:
charges. $275,097; def., $59.936; sinking funds, $18,244; improvements,
3462.573; div. (3%), $225,000.-(V. 96, p. 1364. 1697; V. 98, p. 522.)

p

CLEVELAND CINCINNATI CHICAGO & ST. LOUIS RY.-(See Maps
N. Y. Central & II. R. RR.)-ROAD.-Radlates from Indianapolis. Ind..
westerly to Chicago, Peoria, Cairo, Ill., St. Louis, easterly to Sandusky,
Cleveland. Columbus and Cincinnati, 0., and southerly to Louisville.
Miles
Owned DirectlyMiles.
Cleveland, O., to Columbus, 0.._138 Cincinnati Sandusky & Cleve. RR.
Sandusky. 0., to Day'n. 0.. 40.170
Galion, 0., to Indianapolis
203
Trackage into Cincinnati, deri_ 47
Delaware to Springfield
50
52
Cincinnati to Lafayette
170 Trackage into Jeffersonville____
Indianapolis to Terre Haute
71 Trackage into Toledo (V. 79. P•
47
Harrison Branch
1023.
2696)
8
Cairo to Danville
259
Total Included In earnings.. 2,362
Terre Haute to East St. Louls-190
Hillsboro to Lenox
44
Operated;earnings kept separate47 Cincinnati
Dayton to Ludlow Grove
45
Northern
*246
Springfield to ColumbusKankakee
92
Seneca RR
15 Mt. Gilead &
Other
Short Line
2
Leased-entire stock owned*3
Cincinnati Lafayette & ChM Ry_ 57 Louisv. & Jeffersonv. Bridge__
Ind.,
to
White Water-Harrison,
Total of system June 30'14__2,655
Hagerstown. Ind
62
Operates IndependentlyCincinnati Wabash & Mich. Ry.Dayton
& Union RR.•
47
Benton Han. to Rushy., Ind_204
Double track
428
Leased and ControlledEvansv. Mt. Carmel & Nor. By., 33
Peoria & Eastern Ry.2
Springfield. O., to Pekin, II1__338 Saline Valley By
Trackage III. Cent. Into Chic.'
Vernon Greensb.& Rushy. RR.On percentage basis
Rushville to No. Vernon. Ind_ 44
f 56
Evansville Mt. C. & Nor. Ry___ 33
•See this company.
Saline Valley By
2
A new double-track line from Evansville to Mt. Carmel, Ind., 32 miles,
was opened July 1 1911 under the charter of the Evansville Mt. Carmel &Northern Ry., which is operated under 99-year operating agreement.
V.83, p 817, 1098: V. 92. p. 807: V.93, D. 871; V.94, p.840; V. 95,p.890.
HISTORY, 40.-A consolidation of the Cincinnati Indianapolis St. Louis
& Chicago Railway Co., the Cleveland Columbus Cincinnati & Indianapolis
Railway Co. and the Indianapolis & St. Louis Railway Co., made in July
1889, per plan In V. 48. p. 427. Of the corn. stock, $30.207.700 was in Jan.
1915 owned by the N.Y. Cent. RR. V. 72, p. 86; V. 82, p. 749, 1912-13
purchased subsidiaries (V. 95, p. 418, 890, 1472; V. 97. p. 1114, 1821.
The company is also one-eighth owner of Peoria & Pekin Union By.
(through the Peor de East. Ry.), one-foirteenth owner in Terminal RR.
Association of St. Louis, and two-fifths owner of Indianan. Union By.. and
part owner of Cent. Indiana By.. Cent. Union Depot & By. of Cincinnati,
Union Depot of Columbus, Dayton Union Ry., Dayton de Union RR.. Muncie Belt By,, which are operated independently.
DTV/DENDS.199. '00. '01.'02 to '07.08. '09. '10. '11. '12. '13. 1914.
0
0
0 0
Common
2 2
% 0 3 334 4 yearly 1
5 5 3Si 0
Preferred
% 5 5 5 5 yearly 5 5 5
BONDS.-The sinking fund provision of the Cleveland Columbus Cincinnati & Indianapolis consol. bonds (stamped) has been canceled.
Si. Louis Division bonds, see deed of trust, V. 52, p. 42-45.
The 100-year mtge. of 1893 Is limited to 350,000,000. On June 18 1914
of Cairo division.
317,260,000 gen. 45 were reserved for prior lienc(exclusive
Peoria Division, Michigan Division and the St. Louts Division west of Terre
construction
and
betterments.deo..
equipment,
for
6170.000
Haute), and
11,000.000 yearly. See V. 78, p. 1446: V. 79. p. 733; V. 83, p. 379; V. 87,
V. 97, p. 1114. V. 98,p. 1459,
p. 1010; V. 90. p. 626, 1044: V.94, p. 1118;Line
Ry., Cent, Ind. Ry. and
1844. Guar. Chic. Ind. di St. Louis Short
Springfield Union Depot Co. bonds. V. 77. p. 510. 517, 769, 1363, 2280;
V.95.
p.
1541.
2589;
79,_p.
V.
1961:
1906,
78.
p.
V.
The stockholders Nov. 17 1909 authorized $20,000,000 bonds, of which
39.650.181 4s sold May 1910. payable in francs, and 310,000.000 434s in
June 1911 to provide for $5,000,000 notes and improv'ts. V. 89. p. 720.
1424, 1554; V. 91, D. 1710; V.92, p. 1700.
778. 1141; V. 90. p. 1238, um
Guarantees Evansv. Mt. Cannel & Northern Ry. bonds. V. 95. p. 890.
15 on guaranteeing jointly with Pittsb.
Mar.
vote
will
stockholders
Tho
Cin. Chic. & St. Louis and Vandalla RR. the Indianapolis Union By. Gen.
to be issued in 1915. V. 100, p. 555.
$1,000,000
which
of
bonds
Ref.
&
Jointly with five other roads covenants to pay New York Central Lines
$71,494,000 equipment trusts of 1907, 1910, 1912 and 1913, the company's
share of equipment trusts Dec. 31 1914 being $2,220,208, $2,195,884,
$2,078,573 and $1,633,079, respectively. V. 85, p. 1401; V. 86. p. 168:
V. 88, p. 761; V. 90, p. 1677; 11. 93, p. 1726.
In May 1914 35.432,000 5% equipment trusts were authorized,due about
$362,000 yearly June 1 1915 to 1929.of which $3.870,000 was sold. V.98.
p. 1693. In Jan. 1915 sold 31,725.000 Big Four By.5% equip, trusts, due
$115_,000 yearly.July 1 1915 to 1929. V. 100. p.397.
GENERAL FINANCES.-Capital stock per mile of road owned Dec. 31
1913, 334,109; bonded debt, $54,965. Pref. divs. suspended in Oct.1913.
Gross, $35.365,691: net. $6.410,721
EARNINGS.-113 mos. 11914
Gross, 37,613,498; net. 4.802.030
Jan. 1 to Dec. 31. '11913
for
year
ending
-Report
Dec.31 1913 in V.98, p. 1066, 1085.
REPORT.
Comparisons with some items in 1911 are inaccurate. 1912.
1913.
Year ending Dec. 31$33.840,298 $32,714,238 $30,4
Railroad revenues
19
31
1,
1615
32.942.328 37,135.769 36.637,608
Operating income (after taxes)
812.015
707,731
Other income
756.808
Gross corporate Income
Rentals of leased lines
Interest on bonds, dic
Hire of equipment, Including interest
Other rents
Loss on properties operated separately
Discount on debenture bonds, 4c....Dividends on preferred
Balance,surplus or deficit

$3,754,343 37,892.577 $7.345,340
$132,500
$242,856
3267.093
3,827.672
4.180,559
4,009,607
763,307
1.220,037
505,122
668.505
651,428
623,881
98,315
93,108
125,956
53.425
63,900
16,566
(2)250,000 (5)500,000 (5)500.000

def.$2,947.546sr.31.844,352sr.$1.301.615

FEB., 1915.]

45

RAILWAY STOCKS AND BONDS

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46

RAILWAY STOCKS AND BONDS
Mlles Date
Road Bonds

RAILROAD COMPANIES
(For abbreviations, &c., see notes on first page)
Cleve Cinc Chic & St Louis (Concl)x
Bonds 120,000.000 authorized

1910
1911
G.cs
1914
Equipment trusts due part yearly
1915
Big Four equip trusts g gu due $115.000 yearly_ _ __
Obligations or Proprietary Lines.
Cincinnati Sandusky & Cleveland-Preferred stook_
Gonsol (now tint) mtge 13,000.000 gold__ AB.zo
170 1888
118 1903
Central Indiana first mtge 14.000,000 gold guar-Ce.x
1910
Evansv Mt Car & No 1st M $5,000,000 gu Cl.xcs&r•
Louisville & Jeffersonville Bridge 1st M-See thatCo
_
Indianap Un Ry Gen & Ref,M $10,000.000 See text
Cleveland Columbus Cincinnati & Indianapolis Cleve and I ndiana
Cleve I.orain & Wheeling-See Baltimort & Ohio I(11
117 1888
Cleve & M V-Cons M (now 1st) 13.000.000 g_Ce.xe&r
Cleve & Mar-See Toledo Columbus & Ohio RIv. By.
--Cleve & Pittsburgh-Stock 7% guar by Penn RR Co
Special betterment stook $28.738,135 auth guar 4%
Gen 81 $10,000,000 gold_ _F}Series A & B
xo• 205 34 18-92
Guaranteed prin and int Series C & D
xos 20534 '98-00
(endorsed) Penn RR__ Series B int reduced_x 205 34 1892
10
Cleveland Short Line-Stock rental guaranteed
10 1911
1st M ($20.000.000 authorized) gold guar_Oxe•&r•
Cleveland Terminal & Valley-See Baltimore & Ohio.
197 1903
Coal & Coke-First mortgage $5.000,000 gold_ ___x
Coal & Iron-See Western Maryland.
Coal River Ry-See Chesapeake & Ohio.
Colebrookdale-lst M $593,400 und Read M of 1897-c
13 1888
261 1897
Colo Midland-lst M $10.000,000(V 71. p 139)_Ce.xos
Proposed receivers' certificates $400.000
--_
Colorado & Southern-Common stock 131.000,000
First preferred 4% non-cumulative $8,500,000_
Secondl preferred 4% non-cumulative $8.500.000
,..., ii,§5
First mortgage gold $20,000,000
Eq.zo• 1,048 1899
Ref & ext M $100,000.000 gold red 101 __Ce.xosder• Text 1905
Equip bonds ser A due $52,000 s-a red 101
CI x- 1907
Colorado Southern New Orleans & Pacific--See St to Ws-de- San Fr
Col Spits & Crip Cr I) Ry-lst M $2 000,000 g s f Cez
74 1900
First consol mortgage $3,600.000 gold__ _13.xo&r
-__ 1902
Colorado Texas & Mexico-First mtge $75,000.000___
__ 1908
4 riA"
J & J•"B"
"
.
" ".
.
- F & A.
, "D."

I

Par
Value

Amount
Outstanding

Rate
%

[VOL. 100.

Last Dividend Places Where Interest and
When
Payable and Maturity
Dividends are Payable

500$fr&o 19.650.181
1,000 5.000.000
1,000 &c 3.870,000
1,000 1.725,000

J
4
4 mg J
J
5
5g J

& D June 1 1930
Morgan,liaries&Co Paris
& J Jan 1 1931
Treas office, New'
York
& D June 1 '15-'29 New York
& J July 1915-1929

428,997
2,571,000
1.500,000
2,118,000

If
8
5g J
4g M
4M g J

& N Nov 2 1914 3% Treas office, New York
do
& J Jan 1 1928
do
& N May 1 1953
Central Trust Co. N V
& J July 1 1960

50
1,000
1,000

See text
polls St Louis & Chi cago-Se e Cleveia ad Cincinnati C hioago & St Louis
1.000&o

2,936.000

50 11,237,700
50 14,560.400
1,000 4.561.000
1.000 4.195.000
424,000
1,000
100 4,750,000
i,000 &c 11,800,000

5g

See text.Jan 1 1938

Winslow, Lan & Co.. NY

Q-M Mar 1 1915 134 Winslow, Lan & Co. N Y
7
Q-34 Jan 1 1915 1%
do
do
4
4;4 a
x
Mar-001942
do
do
do
1948-1950
y
do
334 g
do
do
3)4 g A & 0 Oct 1 1942
A & 0 Oct 1 1912
5
Gr Cent Ter. N Y.& Lon
434 g A & ()Apr 1 1961

1,000

4.089,000

5g

A

& 0 Apr 1 1919

Elkins, W Va. or Balto

100 &o
1.000

600,000
9.532,000

6
4g

.1
I

& D June 1 1898
& J July 1 1947

Reading Termlnal, Philo
July '12 coupon last paid

100 31,000.000 See text See text. Deo 31 19121% Office 26 Liberty, N Y
do
do
100 8,500.000 See text A & 0 Oct 1 1913 2%
do
do
100 8.500,000 See text A & 0 Oct 1 1913 2%
do
do
4 g F & A Feb 1 1929
1.000 19.402.000
do
do
1935
1
May
N
&
M
g
100 &c 30,803.900
434
A & ()Apr '15-Apr '17 Guaranty Trust Co, N Y
1,000
5
260,000
:noise°.
Chem 13k, N V. & Col Sp
1.000 1.488,000
5 g J & J Jan 1 1930
do
do
1,000 1,379,000
Sc A & 000t 1 1942
New York
1958
1
Jan
J
(f)
&
J
$1.000
5

OFFICERS.-Pres.. A. H. Smith. New York; V.-Pres., A. IT. Harris,
W. K. Vanderbilt Jr.; Sec., Dwight W. Pardee, N. Y.; Tieas., Milton S.
Barger, N. Y.
Directors.-William K. Vanderbilt, Fredic W. Vanderbilt. Chauncey M.
Depew, Alfred H. Smith, Geo. F. Baker, Wm. K. Vanderbilt Jr., Wm.
Rockefeller, Wm. H. Newman, H. S. Vanderbilt. R. S. Lovett, Walter P.
Bliss. New York; Frank 3. Jerome, Cleveland; Leonard J. Hackney, Cincinnati; W. C. Brown.-(V. 99, p. 1672: V. 100, 13. 397, 555.1
CLEVE. LORAIN & WHEELING RY.-See Bait. & Ohio RR.
CLEVELAND & MAHONING VALLEY R Y.-Owns from Cleveland, 0..
to Sharon. Pa.,81 miles(57 double track); Niles,0.,to Lisbon,0.,36 miles;
Girard to Youngstown, 0..6 m. Leased to Nypano RR.(formerly N. Y.
Penn. & Ohio) till 1982; tental $525,967 per an. Coupon int. is J. & J.
Is held
.
registered interest, Q.-J. Stock is 13,259.200, of which $3,258,250
by "Atlantic First Leased Lines Rental Trust Co.. Limited,' of London
Dividends In 1897, 133i%; 1898 to 1904, both inclusive. 13)4% yearly: In
1905.11.42%; in 1906 to 1911, 11.40:11912,
%; 1913. 11.20%; 1914.
11.25%.-(V. 63, p. 968.)
CLEVELAND & PITTSBURGH RR.-(See Map Pennsylvania RR.)Cleveland. 0.. to Rochester. Pa.. 124 miles; branches: Bayard. 0., to Roswell. 0. 39 m.: Yellow Creek to Bellaire. 43 m.; trackage, Rochester to
Pittsb. (1". Ft. W. & Chic.). 26 m.: other trackage. 23 m.; total. 255 miles
LEASE.-Leased for 999 years Dec. 1 1871 to Penn. RR. Co., and 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. RR., is issuable for impts. V. 79, p. 2205, 2642;
V. 83. p. 625; V. 85, P. 1082; V. 87. n. 812; V. 91. p. 1446; V. 93, p. 1785;
V.96. p. 135: V.97, p. 1425; V.98. p. 999. Stockholders on June 15 1911
authorized increase in stock from $22,000,000 to $40,000,000, the new stock
to be additional 4% guar. special betterment stock. V.92, p. 1031. 1108.
BONDS.-Generals are all equally secured; guaranty. V. 56. p. 604.
EARNINGS.-In 1913. gross. $13,564,114; net. $3,278,509; profit to
lessee. $1,500,102.-(V. 97, p. 1425; V. 98, p. 839, 999; V. 99, P. 47.)
CLEVELAND SHORT LINE R V.-A belt line around Cleveland, 0..
from a point near West Park, 7 miles west of Cleveland, east, thence northeast to Collinwood,19.64 miles, completed in 1912, of which 10.08 miles
In operation in Sept. 1910. V. 91. p. 654. Stock: common, 14,750.000;
all owned by N. Y. Central RR., which leases the road until Mar. 31 2010,
the rental providing for Interest and 5% on stock; par,$100. V.86. p. 167.
V. 92, p. 1031. The stockholders of the N. Y. Central RR. will vote on
Mar. 1 1915 on accepting a conveyance of the road. V.100, p. 397. A mortgage for $20.000,000 has been authorized. of which $11.800,000.guaranteed
by lessee, have been sold; remainder for future purposes. V. 92, p. 1108,
1178; V. 96. p. 419. 553: V. 97, p.728. 802, 1732, 1831; V. 98, p. 452, 689.
Pres., W. C. Brown; V.-P., D. C. Moon.
CLEVE. TERMINAL & VALLEY RR.-See Bali. & Ohio. RR.
COAL & COKE R Y.-Owns from Elkins. W. Va., to Charleston, W.Va..
175.6 miles; Mabie to Bellington, (17.7 m., less Leiter to Roaring Creek
Jot.. 1.6 m., used on line from Elkins to Charleston), 16.1 m.; branch,
Gassaway to Sutton, 6.5 m. (completed Jan. 1910); total. 198.2 m les.
About 100,000 acres of coal lands are owned.
Stock, corn.. $10,000.000, all outstanding; 5% pref.. 110.000.000 authorized Oct. 1907, of which $8,881,800 issued to purchase $6,300.000 bonds
and settlement of other debts; bonds reduced to $5,000,000, of which $2.000,000 in treasury. V.85. p. 1005. Mortgage covers road and coal lands.
V. 78. p. 47. Car trusts June 30 1914, $174;780, due $55.000 yearly (not
tax-exempt, but company will assume Federal income tax); loans and bills
payable, $2,049.837.
RR. EARNS.-6 mos..i1914
Gross, $498,723; net, $77.438
July 1 to Dec. 31.
Gross, 511,293: net, 99.298
Report for year ending 11913___June 30 1914
_- _- in V. 99, p. 1668, showed: Gross,
$1,256,943: net, $369.745; net income coal dept., &c., $95,022; total
net. $464.767; other income. $3,335; int.. taxes. &c., $378,314: bal.. Bur,
Pres.. Henry G. Davis, Elkins, W. Va.; Sec., 0. M. Headley,
$89.788.
Washington, D. C.-(V. 97, p. 443. 728. 883: V. 99, p. 1300, 1668.)
COLEBROOKDA LE RR.-Pottstown to Barto, Pa.. 12.81 miles. Leased
to Phila. & Reading Ry. Common stock, $297,215; par. $50.
COLORADO KANSAS & OKLAHOMA RD.-Owns scott City to
Winona. Kan., 52 miles. In Feb. 1914 contract was let for extension from
Garden City to Forgan, 140 miles, to be completed within 20 months.
V. 98. p. 689. Incorporated in Kansas July 1913 and took over the Scott
City Northern RR., foreclosed Aug. 6 1913. V. 97, p. 445. Details of
securities not decided upon in Jan. 1915. Pres.. W. C. Fordyce of St.
Louis; V.-P. & Treas., Frank S. Yantis of Scott City, Kan.; Sec., W. V.
Delahunt, St. Louis.-(V. 98. p. 689.)
COLORADO MIDLAND RV.-(See Map COL & South.)-Owns from
Colorado Springs to New Castle. Col.. through Busk-Ivanhoe tunnel. 221.92
m.• Cardiff to Spring Gulch, 15.01
miles; branches, Basalt to Aspen. 19.37
4.80 m.: total owned. 261.10 miles. Leases
m.; Arkansas Jot. to Learlville,
Creek to end R. G. J. By., 62.08 m.: trackage
Rio Grande Jct. By., Rifle m.:
total operated..337.64 miles. On Dec. 13
to Rifle Creek, &c.. 14.46
1912 George W. Vallery was appointed receiver. V.95. p. 1683; V. 98. Fo•
-J. N. Wallace, Chairman; JamiN.
es
Bons Protective Committee.
1766.dholder'
W.de Lancey Kountze, Francis L. Leland, B. AyJarvie, Harry Bronner,Williams.
Secretary, C. E. Sigler; Central Trust
Clark
and
mar Sands
95.0. 1331, 1402, 1683; V.96.0. 201,652. In
Co., N.Y.,depositary. V.bonds
had been deposited. Last coupon paid,
March 1913 a majority of
July 1912.
to the Colorado Midland RailORGANIZATION.-Successor Oct. 1897
per plan in V. 64, p. 1224. 1226. In May
road. foreclosed and reorganized
not the entire issue, was purchased by a
If
stock,
the
of
majority
1900 a
Colorado & Southern and Denver &
syndicate in the joint interest of the
997, 1290; V. 71. p. 28; V. 73, p. 1111.
Rio Grande. V. 70. p. 686. 791,
arranged to sell its one-half interest
Southern
&
Colorado
Early in 1912 the

to Blair & Co., the Appellate Division of the Supreme Court in Aug. 1914
deciding that they were compelled to purchase the same. V. 95. p. 1683;
V. 95, p. 1683- V 99, p. 342. Pref. stock, $6.000,000; corn.. $4,000,000.
Gross, $1,045,410; net. $163,100
EARNINGS.-6 mos.,f 1914
Gross. 1,008.435; net. 62.433
July 1 to Dee. 31. 11913
Balance.
Charges.
Aiise.Inc.
YearGross,
Net.
$32,369 $23,744 $196,797 def.S140,683
1913-14
*1,761.981
170.506
$10,160 $373.483 def.$192,817
1912-13
1,828.335
565.737 def. 251.422
39.114
275,201
1911-12
1,830,166
OFFICERS.-Recr., Geo, W. Vallery; Treas., Henry L. Hobbs:
Aud., W. S. Wing, Denver, Colo.
Directors.-Geo. W. Vallery, Henry T. Rogers, Samuel 0. Mathews,
Edwin Gould, Winslow S. Pierce, E. T. Jeffery and Chas. H. Schlacks.(V. 96, p. 201, 652; V. 98, p. 1766; V. 99, p. 342.)
COLORADO & SOUTHERN RY.-(See Map.)-Operates a system from
Orin Jct., Wyoming. through Colorado to Fort Worth, Tex., and by extensions built to 1906-07 reaches tidewater at Galveston, Tex.. and also
Houston, Dallas, &c. Total June 30 1914. 1,871 miles, viz.:(• which see):
Controlled1,127 Miles.
740 Miles.
Lines operated29
Denver, Colo., to Orin Jct., Wyo.273 Denver & Interurban RR
•454
Denver, Col,,to Texas StateLine_347 Fort Worth & Denver City
.52
Denver, Col., to Leadville. Col_ _152 Wichita Valley By
23
Denver. Col., to Silver Plume,Col.55 Wichita Falls & Oklahoma
Wichita Valley RR
61
Other lines, branches, &c. (84
39
300 Abilene & Northern
narrow gauge)
Stamf.& N.W. Ry.(V.82, p.1281) 82
New low-grade line, Pueblo to Walsenburg,46 m., and line from Wellington, Col., to Cheyenne, Wyo., 32 in , were opened Oct. 15 1911. Leases
Colo. Springs & Cripple Creek Dist. Ry.,74 miles(owned) to Cripple Creek
Central By. V. 94, p. 123. As to Colorado Midland, see that company.
In April 1906 acquired a one-half interest in the Trinity & Brazos Valley
By.,owning a linefrom Cleburne to Houston,Tex.,236 miles, with branch to
Waxahatchle, 67 m les. See that co. and V. 98, p. 1920.
ORGANIZATION.-ReorganIzation Jan. 1899, V. 67, p. 748. In
Dec. 1908 the Chicago Burlington & Quincy acquired $23,657.500 common.
V. 87, p. 1663, 1604; V. 88, p. 158, 685.
Owns a large majority of the corn, stock of Fort Worth & Denver City
By., which see. Controls Denver & Interurban (Electric) Railway,
which owns 21 miles, and operates 31 miles of Col. & Sou., which has been
electrified, under lease. V. 87. p. 950; V. 89, p. 934.
DIVS. 1 '00. '01. '02. '03. '04. '05. '06. '07. '08. to '11. '12. 13. 1914.
4 4 None
2 3)4 334 4 2 0 4 4 4 yearly
1st pref %
4 4 None
2d pref. %--------------- -4 4 yearly
I 0 None
2 yearly
_
Common% ------------ -------8, p. 911, 1070.
In April 1914 the pref. divs, were om • BONDS.-Ist M., see V. 68. p. 1027: V.77. p. 2158: V.87. p. 444, 1160.
The $100,000.000 refunding bonds of 1905 were made issuable as follows:
$36.850,000
of system
For refunding bonds and equipment obligations
at the
For betterments and improvements,including equipment.
15,000.000
lines
controlled
&
operated
of
mile
per
$500
of
rate
cum. yearly
2,500,000
&a
For reimbursement of the treasury of the company,
proper proviFor acquisition of additional property (including
45.650,000
lines)
main
the
of
parts
-tracking
double
sion for the cost of
lien on all the bonds and pracThe refunding bonds are secured by a first706
miles of road. Including the
tically all the stock of the cos.owning about
Valley By.; also, by direct
Brazos
&
Trinity
the
Wichita Valley lines and
miles of road owned by
liensubject to the first mortgage, on aboutof1.048
cos. whose bonds
subsidiary
stock
the
on
and
Southern
&
Colorado
the'
miles of road, making
556
owning
mortgage,
are not pledged under thewhich there are outstanding $30,803,000 under1,604 additional miles,on
2.310 miles, on which the total outstanding
lying bonds; total thus covered,
and all prior liens, averaged $28.471
funded debt, including these bonds 462,
214: V. 93. p. 1021.
p.
91.
V.
1791:
p.
80.
V.
mile.
per
to complete gaps from Pueblo,
bonds
ref.
$1,500,000
In Oct. 1911 sold
and from Wellington, Col., to CheyCol., to Walsenburg, about 46 miles,
V.92,
186.'117;
p. 394.
p.
V.92,
miles.
32
enne, Wyo..
Equipment bonds of 1907 natured $51,000 s.-a. to April 1 1914; since,
trurts
ear
June
Co.
30 1914, $30,224.
Pullman
$52,000. V. 84. p. 507.
EARNINGS.-Including Ft. Worth & Don. City and all affiliated lines:
Gross, $7,678,845; net, $2,531,270
6 months. from 11914
Gross, 7,312,763; net, 2,000.657
July 1 to Dec. 31.11913
REPORT.-Report for 1913-14 at length, showing operations of system.
City
Denver
and Col. Spr. & Crip. Cr. Dist. By'
&
Worth
Ft.
Including the
Denver & Interurban RR., Colorado RR., Ft. W. & Deny. Term. By. and
1524.
p.
99.
V.
In
Val.
Wichita
1913-14.
1912-13.
1911-12.
1.866
1,881
1,849
Average miles
$13,222.737
revenues
$15,077,677 $13,959,976
operating
Total
9,616,454
9.746,002 10,622,961
Operating expenses
$2,821,328 33,909,364 $3,807,529
Operating income (over taxes)
„731 *4,753,642 $4,597,803
Total net income
&c__
_
oblig'ns,
$3.305,846 83.688.566 83.097,835
equip.
bonds,
Int. on
(2 0)170,000(4) 340,000(4%i340,000
Dividend first pref. stock
(2 0)170,000(4 1340,000(4.',7 340,000
Dividend second pref. stock
o 620,000
'
(17: 310.000(27
Dividend common stock
$199.969
$65,885
$675,076
Balance, surplus for year
OFFICERS.-Chairman, George B. Harris; Pres., Hale Holden; V.-P,
A. D. Parker, Denver, Colo.; Sec. & Treas., B. F. James, Denver, Colo.:
Asst. Sec. & Asst. Treas., T. El. Howland, Chicago, Ill.; Cashier, J. M.
Walker, 26 Liberty St., N. Y.-(V. 99, p. 342, 1524, 1745. 1753.)
COLORADO SPRINGS & CRIPPLE CREEK DISTRICT RY.-Colorado
m..
Springs to Cripple Creek, Col., 47 m.; branch. Cameron to Victor, 5
16 in.
other branches and spurs. 22 in.; total, 75 m.; of which 57 m. steam,
&
Colorado
1905
electric.
solely
Jan.
In
steam and electric and 2 in.

FEB., 1915.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount I
Outstanding

Rate
%

When
Payable

47
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

-------100 $2,300,000
Colorado WYOM & East-Common stock $2,300.000
100 2,000,000
Pref 6p & d)stock 6% non-cum red par $2,000,000--- ---American Tr Co, Boston
1,000
_ _ 1904
240.000
6 g J & J July 1 1929
Laramie Hahn's Pk & Pac 1st M goldAB.zc*
Guaranty Trust Co, N Y
112 1914
100 &c
550,000
6 g J & J July 1934
1st & ref M $2,500.000 gold red 10214
Equitable Trust Co, N Y
100 &c 1,600,000 Up to 6
112 1914
July 1 1944
Gen M (income) $1,600,000 gold red par text
Safe Dep & Tr Co, Balta
1,000
75 1887
899.030
3 g .7 & J July 1 1937
Colum Newb & Laurens-lst M $12,000 per m_SBaz
Columbia St Greenville-See Southern By
Columbus & Toledo-See Hocking Valley By
50 1,786,200 See text. Q-5,1 Mch 10 '15 2% Treasurer, Columbus, 0
55 --Columbus & Xenia-Stock 8% rental
500 &e
Hanover Nat Bank. N Y
500,000
-_- 1895
5
J & .7 July 1 1915
Combination Bridge (Sioux City, la)-First mtge.... _z
1,000
Mutual Nat Bank,Boston
71 1914
500.000
5
zo
.1. & J Jan 1 1944
Concord & Claremont (N H)-First mortgage
mailed
pref)---------100
Checks
800,000
Jan
1
1915
1$i
7
Q-J
&
id
Concord & Montreal-Stook Class!(B C
100
do
540,400
Q-J Jan 1 1915 154
7
Stock Class II (B C Fe El new)
100
Q-J Jan 1 1915 1 M
do
459.600
7
Stock Class III (B C & Mold stock)
100 6,457.500
do
7
Q-.7 Jan 1 1915 I h
Stock Class IV (Concord) (text)
-05
1.000 5,500,000
4
J & D June 1 1920
Safe Dep & Tr Co, Bostof
262 18
Concord & Montreal cons M for 35,500.000-B6.z°
1,000 1,050,000 314 & 4 J & D June 1 1920
___ '97-99
Boston S D & Tr. Bostoi
zo•
Debenture bonds cur. ($650,000 4s)
do
1,000
473.000
do
-_- 1900
314 .I. & D June 1 1920
do
do
$500,000 interest guaranteed_ _z
_ 1914
200,000
5
Juno 1 1920
do
do
$200,000
100
350.000
7
Manchester.
N
H
.7
&
J
Jan
1915
years
40M
_---314%
Concord & Portsmouth-Stock 7% rental 99
100 2.500,000
6
F & A Feb I 1915 3% Safe Dep & Tr Co,Bostoi
Conn & Fassumpsic-Pref stock 6% rental 99 Yrs-c.
1.000 1,900.000
lio i§05
4 g A & 0 Apr 1 1943
Safe Dep & Tr Co, Bostoi3
zo•
First mortgage 51.900,000 gold
100
400,000
6
F & A Feb 1915 3%
do
37 --do
Massawippi stock guar same dtv as Conn & Passump
1,000
350.000
5 g J & J Jan 1 1941
do
do
21 1911
Newport & Richford let M gold guar by C & P _zo•
100
&
.7
3,233.300
10
J
Jan
Boston,
Mass
1
1915
5%
authorized_
__88
Connecticut River-Stock 53,670.300
ze
___ 1895
1.000 1.000.000 4 g If & S Sept 1 1943
do
Bonds not mortgage for $1,000.000 gold
1,000
_ 1901
290,000
314 I & J Jan 1 1921
do
z
Bonds not mortgage
1.000
z
___ 1903
969,000
314 J & J Jan 1 1923
do
do
do
z
1914 5,000 &c 2,000,000
5
J & D2 June 2 1915
J P Mor.&Co.N Y& Bo
Notes $2,000,000
6
--- 1914 1,000 &c 2,300,000
June 1 1915
Vermont Valley RR notes guar (extended in 1914)_
1,000 4,000.000
37 1911
4 g lal 15& S Mch 15 1951
Broad St Station. Phil
Conn (Phila)-1st M $15,000,000 guar p& 1_13P.kve*
1905
1.000
755,000
4 g M & S Sept 1 1930
Union Tr Co, Pitts!), P
Connellsville & Monong-lst Mg s(red par-UP1 xc&r
1888
100
&a
19&
N
May
guar_z
200.000
5
li&
1
14
1918
Int
Nat
Bk Cooperst'n N ,
$200.000
Cooperstown & SUS(' Yall-lst M
500 &o 2,280.000
1899
x Text
5 g A & 0 Oct 1 1949
Boston, Mass
Copper Range-First mortgage gold (see text)
1,000 See text
5 g F & A Feb 1 1959
197 1909
J P M.& Co. NV & Bo
Copper River & North western-lst bJ 350,000,0000u*
50
26 -_800,000 See text Seml-an. Dec31 1913 1% Treas office, Phila. P
Cornwall St Lebanon-Stock
100 doz,
764.900
4
A & 0 Apr 1 1921
26 1891
do
do
First AI extended at 4% in 1906 (V 82 p 1322)..sr
100
2.500.0004
in 1914 Quar. Mch 1 1915 1% Checks mailed
stock
Central-Common
Creek
Cripple
do
Preferred stock 4% non-cumulative100 3.000,0004 in 1914 Quar. Mch 1 1915 1%
1.000
5 g J & D Dee 1 1925
352.000
41 1895
Farmers' L & T Co, N'
Midland Term first mtge gold sinking fund___F.xo•
P..h. P.....
.-Cas. rInsntsansmn A. Western

Southern acquired all the stock except $900 corn. V.80, D.472. 1111 1423.
Leased to Florence & Cripple Creek RR.(Cripple Creek Cent. By.system)
to May I 1935. V. 94. p. 123.
Stock, all outstanding. corn., $1,200,000; pref.. 5% non-cum.. $800,000.
Par of shares. $100 each. Div.5% on pref.. paid Feb. 1907, June 1908 and
Nov. 11909. On corn.,2%.Sept. 1908. Sinking fund can retire first mtge.
bonds yearly at 110 for first 15 years, then at 10714 for 5 years, then 105 for
next 5 years. 10214 for 3 years. thereafter at par. V. 76. p. 345.
Pres.. A. D. Parker.-(V 87. p. 740; V 88, p. 822; V. 94, D. 123.)
(THE) COLORADO WYOMING & EASTERN RY.-Owns from the
Union Pacific)RR. at Laramie, Wyo., to Coaimont. Colo.. 111.35 miles,
where large coal fields are located. Incorporated in Wyoming June 2 1914.
Successor June 4 1914 of Laramie Hahn's Peak & Pacific By., foreclosed
May 12 and 13 per plan V. 98, p. 453; V. 98, p. 1766, 1845. The plan reduced the fixed interest charges to $47,400.
Alexander J. Hemphill, Henry Sanderson and Trowbridge Callaway, as
voting trustees, will nold the new stock until all accrued interest on the
Income bonds shall have been paid and the current interest paid regularly
for 2 consecutive years, and for such further period not exceeding one year
as the trustees in their discretion may deem advisable,if lawful.
EARNINGS.-Of old co. for year ending June 30 1913, gross, $167,209;
net, before taxes, $17,516. For 10 mos. ending Apr. 30 1914. gross. $132,782. against $145,537; net,$12,405. agst. $25,269.-(V.98,p. 1766.)
COLUMBIA NEWBERR Y & LAURENS RR.-Columbia to Laurens.
S. C.. 75 m. Stock, $500,000. Bonds were 6s, but re-issued as 3s in 1900.
Income certificates to amount of 40% of bonds being issued. Outstanding
June 30 1914, $359,600 ctfs. for funded coupons; working liabilities, $166.381. incl. $64.454 income notes; car trusts,$3,850.
Gross, $141,356; net, $18,119
EARNINGS.-6 mos., j1914
Gross, 178,779; net, 53,347
July 1 to Dec. 31.
11913
Year ending June 30 1914, gross, $355,891; net, $116,161; other income.
$2,663: int., taxes, &c., $68,455; bal., sue.. 550,339. In 1912-13, gross,
5322.770. Pres. and Gen. Mgr., J. F. Livingston, Columbia, S. C.
COLUMBUS & SOUTHERN R Y.-Wyandotte, 0., at a connection with
the Penna. RR. to South Bloomingville, 22.82 miles. On Oct. 19 1914
Henry A. Middleton was appointed receiver. V. 99. p. 1214. Stock,
$200,000. Bonds, $200.000 1st mtge. gold 5.5 dated 1902, int. M.& N. at
Boston Safe Dep. & Tr. Co. For year end. June 30 1914, gross. $10,813.
oper. def., $1,247. Pres., Fred. C. Rector, Columbus. 0.: Sec., A. B'
Kiefaber,Lancaster,0.; Treas.,I. F. Anderson, Laurelv.0.-Of.99. p.1214.j
COLUMBUS & XENIA RR.-Owns from Columbus, 0., to Xenia, 0..
55 miles. Operated as a division of the Little Miami, and is leased for 99
years from Dec. 1869. In connection with that road, to the Pittsburgh Cinoinnati Chicago & St. Louis, which pays 8% on stock. The lease is guaranteed by Pennsylvania RR. Co. Dividends 2-5% per annum,from assets,
were discontinued in 1901.-(V. 72. p. 532.)
COMBINATION BRIDGE (SIOU X CITY. I A.).-Owns steel bridge 1,940
feet long over Missouri River, with approaches, 1 mile, used by railroads
and street cars and as a highway. Stock, $1,500,000. Mtge. trustee, Union
Trust Co., Indianapolis, Ind. Pres.. Jos. C. Head, Latrobe, Pa.; Sec., F.
L. Eaton, Sioux City, Ia.-(V. 78. p. 102. 286.)
CONCORD & MONTREAL RR.-From Nashua, N. H.. vla Concord,
Plymouth. &c.. to Groveton and the White Mountains. 450 miles in all,
Including Manchester & Keene, 30 m.; owned jointly, 414 m.; 35 m. double
track. Owns Concord Street By., 11 m.; also electric branch from Concord
and Nashua & Acton RR., 20 miles (stock)
to Manchester, N. II., 17 miles,
On June 29 1895 leased to Boston & Maine for 91 years at rental of 7%
per annum on all stock. In April 1911 Bos. de Me. obtained authority to
Purchase stock. V.92. p.1108. Shareholders Oct. 10 1011 authorized $400.000 additional stock for Impts. (increasing stock to 56,457.6001 and on June
4 1912 51,500.000 in connection with the new electric road to Mt. Washington and improvements connected therewith. In Oct. 1913 project had
been abandoned for the present. V. 94, p. 1507, 1565. In Dec. 1914
$200,000 5% debentures due June 1 1920 were sold to repay Boston & Maine
for advances. V.99, p. 1832; V. 100, p. 308.-(V. 100, p. 308.)
CONCORD & PORTSMOUTH RR.-Owns Portsmouth, N. H.. to Manchester, N. IL,4014 m. Leased to Concord RR.in 1862 for 99 years; rental
$25,000; 7% on stock and org. exp. Operated by Boston & Maine.
CONNECTICUT & PASSUMPSIC RIVERS RR.-White River Jct.. Vt.,
to Canada Line. 110 m.; leases 099 years Massawippl Valley, 37 miles.
Owns nearly all the stock ($350,000) of the Newport & Richford RR.,
Newport. Vt.. to Canadian line, 21 miles, operated under lease by Montreal
de Atlantic By.(Can. Pao. system), and guarantees its $350.000 1st 30-year
5% bonds dated Jan. 1 1911. V. 91. p. 946.
LEASE.-From Jan. 1 1887 leased to the Boston & Lowell for 99 years
on a basis to pay C. & P. stock 5% till Jan. 1897 and 6% thereafter. In
April 1911 B. & M.received authority to purchase stock. V.92,P. 1108.
SECURITIES.-Massawipul stock receives same dividends as stock of
lessee and $400.000 of It (not included In the amount outstanding) is pledged
as part security for 4s of 1893. Of the $2.500,000 pref.. $500,000. as also
$50,000 Massawippl Valley By. stock, was purchased Feb. 1 1910 be the
Vermont Valley, under its option, at par.-(Y. 57. P. 1040; V. 94, p• 826.)
CONNECTICUT RIVER RR.-Owns from Springfield, Mass., to Vermont Line at Brattleboro, 59.65 miles; branches, Chicopee Falls, 2.35 m.:
Easthampton, 3.50 m.; East Deerfield, 1.04 m.; Ashuelot. 21.82 m.; total,
88.36 miles. V.95. p. 1200; V.96, p. 1838. Controls Sullivan County RR.,
Bellows Falls to Windsor, Vt.,26 miles. V.80. p. 1478; V.81. p.899. 1723.
In April 1911 B.& M.received authority to purchase stock. V.92, P. 1108.
The Act of June 10 1912 authorizes purchase of Vermont Valley and Sullivan County railroads. V. 94, p. 1626; V. 95. p. 679. In June 1914 sold
$2,000,000 one-year 5% notes to retire old 1-year notes maturing June 2
1914. V. 96, p. 1488; V. 97, 13. 175. Guarantees $2,300,000 Vermont
Valley RR. 1-year 6% notes dated Dec. 1 1913. V. 98. p. 235. 1766.
LEASE.-Leased for 99 years from Jan. 1 1893 to the Boston & Maine,
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stook, payable directly to stockholders; also interest on bonds and scrip and
$2,000 for organization expenses.-(V.97. p. 175: V. 98. p. 1766.)

CONNECTING RY. (PHILADELPHIA).-Owns from Girard Ave. to
Frankfort Jet., Phila., 6 m.; North Phila. to Chestnut Hill. 7 m.; branches,
&o., 23 m.; total. 36 m. V.73, p.390. Stock authorized. $5.800.000; outstanding. 94,116,650, of which 53.613,650 owned by Penn. RR. Dec. 31
1913, which operates road under lease assigned to that company by Phila.
& Trenton RR.,terminating Feb. 182862. Dividends 49' yearly (J.& D.).
In 1911 made a new 1st M.for $15,000.000, of which $4.000,000, guar., p.&
by Penn. RR.. have been sold; $2,059,000 were exchanged for the outstanding 52,059,000 3.14% bonds and 31,000.000 for the 414% bonds due
May 1 1913. V. 93, p. 229, 730; V. 98. p. 522. 610. There were also 4%
certfs. of indebtedness outstanding Dec. 31 1913. due Dec. 31 1914, $1.044.000 owned by the Penn. RR.-(V. 98, p. 16931
CONNELLSVILLE & MONONGAHELA RY.-Owns Moser Run Jct. to
Brownsville, Pa., and Low Jct. to Low Phos, Pa., 15.68 miles; branches and
spurs. 6.70 m.; total track, 22.38 miles (connecting Penn. with Monongahela By.). Incorporated in Penn. Mch. 11 1905. Leased to Penn. RR.
until Jan. 1946 at rental equal to 4% on cost of road, taxes, operating and
maintenance charges, rental being more than sufficient to pay Interest
charges and retire principal of bonds through sink, fund at or before maturity. Sink. fd., $25,000 yrly., to call bonds in numerical order, but to
be kept alive. V.93,P. 407. Stock, $700.000. Controlled by or in interest of U. S. Steel Corporation. Pres., Thomas Lynch: Sec. and Treas.,
J. D.McCreery.-(V.93, p.407; V.97. p.443; V.99. p.406.)
COOPERSTOWN & CHARLOTTE VALLEY RR.-(See Map Del. &
Hud.).-Owns Charlotte Crossing to Davenport Centre. 3.96 m.; leases for
99 years from Jan. 1 1889. Cooperstown & Susq. Valley RR., Cooperstown
to Charlotte Crossing. with branch to Cooperstown jct., 19.48 m., guaranteeing interest on the latter's $200,000 5% bonds. V. 97. p. 1503. Year
ending June 30 1914, gross. $57,344; op. inc., $17,191; charges, $14,347;
bal.. sun.$2,844. Stock,$45,000, owned by Del.& Hud.-(V.77. p. 88.)
COPPER RANGE RR.-Calumet, Mich., to Mass City, with branches.
total. 82 m.; sidetracks, 33 m. Stock, 54.244,300, of which $1,639,200
owned by Copper Range Consolidated (Mining) Co. Bonds limited to
$20.000 per mile of main line and branches and $15,000 per mile of sidings.
Of the $2.280,000 bonds outstanding. $870.000 were in Jan. 1914 held in
the treasury of the Copper Range Consolidated Co. V. 78. p. 228. Dividend, 10%. paid Nov. 1909 from accumulated surplus.
EARNINGS.-5 mos.,(1914
Gross, $283,343; net, 5109.299
July 1 to Nov. 30.
11913
Gross, 192,794; net, 40,106
Cal. year 1913. gross. 5575.065; net, $144,614; other income. 55.132
int.. taxes, &c.. $166.778: bal., def., $17,032. In 1912. gross, $754.921;
net. $144,614. Pres., William A. Paine; Sec. and Treas., Frederick Stanwood, Boston.-(V, 78, P. 228.)
COPPER RIVER & NORTHWESTERN RV,-Owns from Cordova,
Alaska, on tidewater, through the Copper River Valley to Copperfields near
the Chitina River, 197 miles. Understood to be controlled by J.P.Morgan &
Co. and M.Guggenheim's Sons. Possible sale or lease to Govt. V. 100,
p. 53. Stock authorized. $5.000,000; par of shares. $100. In August
1909 filed a mortgage to secure $50,000,000 5% 50-year bonds; none out
Jan. 1915. V. 99, p. 410.
Pres.. S. W. Eccles; Vice-Pres., Robt.W.Baxter; Treas., E. S. Pegram
Sec., W.E. Bennett. Office, 165 B'way.-(V. 99, p. 1130; V. 100, p. 53.)
CORNWALL & LEBANON RR.-Owns Lebanon, Pa.. to Conewago.
21.66 m.; branches. 4.78 m. Pennsylvania RR. on Dec. 31 1913 owned
5500.000 of the $800,000 stock. V. 98. p. 696. V. 96, p. 947.
DIVr97. '98. '99. '00. '01.'02 to '06.'07.'08.'09.'10 to'i2 1913. 1914
P.C.! 3 4 4)4 5 534 6 yearly 8 7 8 10 y'ly. below.
0
In 1913, Feb. 1,5%; July 21,5%;Dec. 31. 1%;1914, none.
In 1913-14, gross, 3311,374; net, after taxes. $35,355: other income
int.,
$24,548; taxes, $15,811; div. (1%). $8.000; bal.. stir.;
$14,478; bond
$1.474.-(Y.89, p. 224; V.96, p. 947.)
"COTTON BELT."-Common name for St. Louis Southwestern fly.
CRIPPLE CREEK CENTRAL RV.-Divide, Col., to Cripple Creek and
Florence. &c., 35 m.; Victor to Vista Grand, 6 m.; branches and spurs to
mines, &o., 45 m.; total, 86 m., of which 47 m. standard gauge; leases
(through Florence & Cripple Creek RR.) Colo. Springs & Cripple Creek
Dist. By., Colorado Springs to Cripple Creek. 47 m., with
and
spurs. 28 m. Controls Midland Term. By., Florence & Cripbranches
Creek RR.,
Golden Circle RR., Colo. Trading & Trans. Co. See V. 69, p. 851, 1011,
1103; V. 72. p. 984, V. 74, p. 880; V. 77, P. 1542.
Reorganization (per plan in V.78,p. 2018:'V. 77, p. 1542.) of the Denver
& Southwestern, foreclosed Oct. 4 1904. V. 79, p. 1461.
STOCKS AND BONDS.-Corn. stock, 52.500 000; 4% non-cum. pref.
stock. $3,000,000; par of shares, $100. V. 82, P. 1156: V. 85, p. 1209.
DIVIDENDS.-'05.'06.'07. '08. '09. '10. '11.'12. '13.'14. 1915.
Common, per cent_3
73.4 6 0 0 0
13
3
4 4 1.
Preferred, per cent_4
4 4 4 4 4 4 4
4 4 1. -.
REPORT.-Report for year ending June 30 1914. in V. 99. p. 890,
showed,gross earnings of roads controlled, $1,240.204; net income of reads
over charges, $121,321; total net income of parent co. above all exia..
5220,155; div. on pref. stock (4%), 5120.000; corn. div. (49'), $100,000;
total surplus June 30 1914, incl. surplus of previous years, $483.642. Pres.,
Henry M. Blackmer; Sec. & Treas., A. J. Ronaghan. Office, 25 Broad
St., New York.-(V.97,p.950,1497; V.99. p. 890.)
CUBA RI(.-Owns from Santa Clara, Cuba, to Santiago de Cuba, 356
miles; branches, Zaza Jct. to Sancti Spiritus. 8 miles; Alto Cedro to the Bay
of Ripe, 31 m.; Ponupo branch, 11 m.; Jatibonico branch.1114 m.; Holguin
branch, 11 m.; Manzanillo branch, 32
m.; Bayern° extension, 141 111.:
total, 602 miles; Fomento-Trinidad-Casilda branch, under construction,
56 miles. See V. 75, p. 1157. 1347. The Cuba Co. owns the outstanding
510.000,000 common and $1,000 pref. stock. The stockholders on May 28
1914 authorized an increase in the common stock to $20,000.000. the new
stock to be placed in the treasury for future requirements. V.98, p. 1766.
V.96, p. 236. 364.662: V.98, p. 1766.
First div. on pref.. 1H%,Aug. 1909; 1910, Feb., 1;4%; Aug., 2%; 1911,
2%; Aug.. 2M%; 1912. Feb., 2)4%; Aug.. 3%; 1913, 6%: 1914

48

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
lFor abbreviations, cte,, see notes on first page)

Miles Date
Road Bands

Par
Value

Amount
Outstanding

Rale
%

When
Payable

[VOL. 100.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

$100 $10,000,000 6 in 1914 See text Nov 1914 3%
Cuba RR-Common stock $20,000,000
___ ____
Preferred stock 6% non-cumulative $10.000.000100 10.000.000 6 in 1914 F Fe A Feb 1 1915 3 Checks mailed
0.x0Fer•
602 1902 1,000 dco 12,030.000
5 g J & .2 July 1 1952
Royal Bk of Can. N V
First mtge gold $20,000 per mile
-__ 1910
5 g M & N May 1 1960
Nat)*
$ & fr. 4,000.000
do
Impt & equip Mg $12.000 Per m
do
F & A To Feb 1 1924 Montreal
1914
5
Equipment trust certs., due $43,000 semi-arm
1,000
774,000
J & J21 To Jan 21 '25
5
due $28M&$27M s-an(V100,p.473)- Us
--- 1915
550,000
do
D
Junel
Corporation-Notes
J
&
1915
Nx
5
__1912
5.000.000
New
Cumberland
1,000
York Tr Co, N .'i'
(The)
53 1891
1.000 1.000,000
5 g Al & N May 1 1921
Guaranty Trust Co.. N I'
Cumberland & Pennsylvania-First mtge g guar ___z
.1. & D Deo 1915-1918 Fidelity Trust Co. Bait
Somerset Coal car tr assum $76.000 yrlY
FBax
-__ 1906
304,000
5
1.000
June
RR-lst
M
$3,000,000
gold
&
D
1
J
1958
12.9 1908
5g
Cumberland
1,000 1.028.000
Guaranty Trust Co. N 'Y
5 g A & 0 Oct 1940
48 1910
Cumberland RY & Coal Co-1st M $3.000,000 g gu_
Montreal, Canada
1.000 1.167,000
Cumberland Valley RR-See Pennsylvania RR
Term-First
M g red (text).x
3d-5th Nat Bk. Cinch=
6 g M & S Feb 1 1933
Dayton Leb & Cin RR &
29 1913
300,000
500 &c
Dayton & Michigan-Corn stock (334% guar OH & D)
-- 1871
334 A & 0 Oct 1 1914 1.54 Cincinnati, 0
50 2,401,950
Q-J Jan 1 1915 2%
Preferred (8% guaranteed C H & D) eadorsed
___ 1871
do
8
50 1,211,250
J P Morgan & Co. N Y
1st M gu p& I end ext In 1911 red 10223 beg 1917_o
141 1881
1,000 2,728,000 434 (5) J & J Jan 1 1931
___ 1899
4 g J & J July 1 1949
Dayton Union Ry-First mtge sink fund call par_ _Fx
413.000
Farmers' L & Tr Co. NY
1.000
Death Valley RR-First mortgage
£100 NoneFeb'15
5
1914
Delaware-Stock 8% guaranteed
245 ____
.1 & J Jan 1 1915 4% Checks mailed
25 5,078,275
8
General mortgage gold
FP.xo•
Broad St Station. Philo
113 1892
500.000
434 g I & J July 1 1932
1000
Q-F Feb 20 1915 2% 11 W State St.. Trenton
------- 100 1,800,000
Delaware & Bound Brook-Stock 8% gu Phlla Fe Read
8
First consol M $1,800,000 guaranteed_ _PeP.xo*.ler
Mech Nat Bk,Trenton.NJ
31 1905
334.g F & A Aug 1 1955
1,000 1,800.000
Delaware & Eastern (foreclosed)-See Del & Northern
Delaware & Hudson-Stock $55,711,500 (text)
100 42.503.0009 in 1915 Q-Mch Mar 31 1915 234 Office 32 Nassau St. N Y
First Mon Pennsylvania Div ($10,000,000)Un.zeder
M & S Sept 1 1917
7
do
--_ 1877 1.000 &o 5.000.000
do
Schenectady & Duanesburg first mortgage
do
500,000
6 g M & S Sept 1 1924
100 &o
do
r
14 1874
Adirondack 1st II gold guar p & I endUs.ze•Fa
do
57 1892
424 g II & S Itch 1 1942
do
1.000 1.000,000
lst&ref AI $50.000,000 g s f red 10725 be-g'18_xco &r.
do
NI & N May 1 1943
_ 1908 1,000 &f) 32.204,000
4
do
Debentures $14.000.000 gold (see text)
do
ze &r
___ 1906
do
4 g J 15 & D June 15 1916
1.000 13,973.000
Equip 1st Ilen bonds $10,000,000 g s f__Usm.xc*&r
do
do
424 g J 45: J July 1 1922
-_- 1907
1.000 9.643,000
Guaranteed SecuritiesHudson Coal Co deb gu 9 & lend part due yearly_z
do
do
II & N May 1 1915.18
--_ 01-'02
675,000
4
1,000
Bluff Point Land Improvement Co 1st II g gu _re'
do
do
.1 Fe J Jan 1 1940
4
--- 1890
300,000
1.000
Chat Ore & / refunding mtge call 105
do
do
Noce &r
J & J Jan 1 1942
___ 1902
4
1,000 1,300.000
Albany & Susquehanna RR; NY & Canada RR;Ch ateaug ay & Lake Placid RR; Ude a Clinton & Bing RR; Coop & Ch an Valley-See those cos
Delaware Lecke & Western-Stock auth $42,277,000_
______ _
50 42,277,000 20 In1915 See text Jan 20 1915 23490 West St, New York
Bangor & Portland mortgages gold
do
do
x
6 g J & J 1930-1936
320,000
'80286 100 Fec
)elaware Maryland & Virginia-Juno Fe B-lst ld_ _z
Broad St Station, Phil&
J. & J Jan 1 1932
39 1860 One bond
3
$185,000
Break & Frank 1st AI to State red since Jan 1895-z
do
J & J Jan 1 1932
do
200,000
3
19 1874 Onebond
Other mortgages
xm.
1 .n(18.076i
4
Overdue
do
do
6% (3 F.StA.); 1915, Feb., 3%. On corn., May 1 '13,4%; May & Nov. 1
'14, 3% each from earns, of yr. end. June 30 '14. V. 96, p. 236, 663. First
M.bds. application to list, V.86, p.924; V.88, p.451; V.89, p. 162; V.91.
p.38, 1253. Stockholders on June 27 1910 auth. a mtge. to secure 5% improvement and equip, bonds not exceeding $12,000 per mile (excl. sidings) owned; in July 1912 $4,000.000 were sold. Bonds are also issuable in francs. V. 91. p. 588, 1253; V. 95, p. 175.
EARNINGS.-For 6 months ending Dec. 31:
GT033.
Net,
Balance.
Charges.
1914
$2,006,458
$866,918
$421,354
$445,564
1913
2,173,574
981,927
400,750
581,177
REPORT for year ending June 30 1914 was in V. 99, P. 671, showing:
Gross, $5,164,671; net, after taxes, $2,470,922; int., &c., $954,417; pref.
div., 18 mos.(9%),$900,000: corn. div. (6%). $600,000; surplus, $16,505.
Pres.. Sir William C. Van Horne: V.-P. and Mgr. Domingo A. Galdos;
V.-P., Geo. H. Whigham;Sec., Heibert C. Lakin: Treas., Stephen H. Voorhees. Office. 83 Montgomery St.. Jersey City, N.J.; 52 William St.. N. Y.
-(V.97,p. 663; V.98, p. 1766; V. 99, p. 671; V. 100, p. 53, 229,473.)
(THE) CUMBERLAND CORPORATION.-ORGANIZATION.-A
holding co. owning the stock of Caro. Clinch. & 0. Ry. and Holston Corp..
which owns properties along the railway and at Charleston, S. C. On July 1
1912 holdings of Cumberland syndicate in the property were distributed.
Stock. common. $25.000,000; 6% non-cum. pref., $15,000,000, alt paid
In. In 1912 sold Seaboard Air Line By. stock and retired the $15,000,000
collat. trust notes due June 15 1912. V. 94, p. 1448. In July 1912 sold
$5,000.000 3-year 5% notes secured by $25,000.000 Carolina Clinchfield &
Ohio By. common stock and $5,000,000 of its pref. stock, into which the
notes are convertible at par. V. 95. p. 361. 422.-(V. 95. p. 422. 480.)
CUMBER LAND & PENNSYLVANIA KR.-Owns from Cumberland.
Md., to Piedmont. W. Va., and several branches, 57 miles. Owned by
The Consolidation Coal Co., which guarantees by endorsement the
first mortgage. V. 52. p. 390. Stock, $1.500,000: par, $100. On Dee. 1
1907 purchased 1,523 cars from the Somerset and Fairmont coal companies.
assuming the car trusts issued thereon. viz., $836,000 of Somerset Co. (see
table above) and $45,000 additional, which matured In series to May 1909,
V. 85. p. 1401. Year ending June 30 1914. gross, $905,835; net, $191,511.
In 1912-13, Gross,$928,302; net.$268.348; other income,$169,539; charges.
$143.818; divs., $148,215; bal., sur.. $145,854.-(V. 85. p. 1401.)
CUMBERLAND RAILWAY & COAL CO.-Owns road from Springhill
Jet. to Springhill Coal Mines, N. S., and Parrsboro on the Bay of Fundy.
32 miles; also coal ames, timber lands, &tr. The Dominion Steel Corporation 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 65'
bonds being exchanged for $1,167,000 5s guaranteed by Steel Corp. issued
under a mtge. for $3,000,000 providing for future requirements. V. 91, p.
1629, 1766; V.92. p. 186, 1435; V 97. p. 1583 Leased to Dominion Coal
Co. For year 1912-13. gross, $110,799; net. $19,854. IV. 97, p. 1583.)
CUMBERLAND RR.-Artemus to Wheeler. Ky., 10.2 miles, and
Lansford to Anchor, Ky.. 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. issue) outstanding June 30 1914, $1,028,000. Year ending June 301914,gross,$54,518; net,after taxes,$11,148;int.,&c.,$27,705:
bal.. def.. $16,557. Pres., R. W. Stone; Sec.. J. L. Stone; Treas., A. J.
Hazeltine; Auditor, W.B. Starke. Office, Artemus, Ky.
DAYTON LEBANON & CINCINNATI RAILROAD 6t TERMINAL CO.
-Owns from Lebanon,O.,to Lebanon Jet.,23 m.; Hempstead to Dayton
Union Station. 6 m.,where terminal property is owned; opened May 1910.
Branch, Lambert to Lakeland, 1 m. On Jan. 1 1915 was sold to Pennsylvania RR, and will be merged In Cincinnati Lebanon & Northern By.
V. 99, p. 1832; V. 100, p. 139. Stock, $1,000,000; par. $100. Bonds,
auth., $500,000 ($300,000 sold Jan 1914): are subject to call on and after
3 years at 105; sk. fd.. 5%; Cent. Tr. Co., Cincinnati, trustee. V. 85,
P. 1518. For year ending June 30 1914, gross, $75,556; operating deficit,
$29,817: other income. $15; int., taxes, &c., $34,970; bal., def., $64.772.
In 1912-13, gross, $70,628. Pres.. Edward B. Taylor; Treas., T. H. B.
McKnight.-(V.99, p. 1832; V. 111111. p .139.)
DAYTON & MICHIGAN RR.-Owns Dayton, 0., to Toledo June., 0..
141.15 m.: trackage Into Toledo, 0.92 m. Leased May 1 1863 in perpetuity
to CM. Ham. & Dayton. Lease modified June 23 1870. Rental is maintenance of organization, Int, on bonds and 8% on pref, stock and 334% on
corn. 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.-(V.92. p.526).
DAYTON & UNION RR.-Owns from Dodson. 0., to Union City, Ind.,
32 miles: leases Dayton to Dodson, 15 miles: total operated, 47 miles.
The Cleve. Cin. Chic. & St. Louis and Cin. Ham. & Dayton Jointly own the
$86,300 stock. Year ending June 30 1914, gross, $141,630; net, $7,042;
other income. $4,479; charges. $38,138; bal., def., $26,617. In 1912-13.
gross $143,736: net. $21,879: other income, $4,614: charges, 834,436;
-(V. 97. P. 236.)
def.. $7.943.
bal..'
DAYTON UNION RV.-Union depot at Dayton, 0. Used by Pitts.
Cin. Chic. & St. L.. Clew. CM. Chic. & St. L., CM. Ham. do Dayton, Dayton
de Union RR. and Erie RR., under lease which provides that interest on
bonds and other expenses be divided between them on train basis. Stock,
$321.000. all com. For year ending June 30 1914. gross. $114.079: net,
$48.950; other income. $120; int., rentals, &c. (incl. div. 75' on stock paid
bal.,sim,$7,597. Pres.,G. L. Peck,Pittsburgh
as ground rental),$41,473; Cincinnati,
0.-(V. 73. p. 1312.)
Pa.; Sec., R. C. Barnard,
RR.-Owns from the Ryan branch of the Tonopah &
DEATH
the
Biddy McCarthy borax mine, 16
to
County
Inyo
Tidewater RR. in
In March 1914 was authorized to
miles. completed about Nov. 30 1914.
5%
-year
bonds guaranteed by the Borax
10
£47,300
and
stock
Issue $75,000
Consolidated. Ltd., and on Sept. 2 1914 to issue £20,400 additional bonds,
making a total of £67,700. V. 98. p. 911; V. 99. p. 269, 748.
DELAWARE RR.-(See Maps Pennsylvania RR.)-Sbellpot Crossing.
Del., to Delmar. Md.,95.20 miles; branches, Centreville. Md., to Townsend,

VALLEY

Del.. 34 98 m.: Clayton, Del., to Oxford, Md., 54.27 m.: Seaford. Del., to
Cambridge. Md., 32.96 m.; Masseys. Del.. to Chestertown, Md., 20.52 m.:
other branches, 7.22 m.; total, 245.15 miles. V. 67, p. 1356.
Leased to Philadelphia Baltimore & Washington (which owns $2.829,600
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% y'ly;'07, 8%;'08, 8%: 09,8%;
'10. Jan., 4%; July. 4%. For year ending Dec. 311913, rental, $431,764;
other income,$60,873:charges,$66,194; dive.. $406,262; bal.,sun.,$20.181.
-(V.90, p. 913. 1554; V. 94, p. 123. 278.)
DELAWARE & BOUND BROOK RR.-Owns from Bound Brook (Central of N. J.) to Delaware River, 27 miles; branch to Trenton, 3.79 m.;
second track. 27.02 m.; third track, 9.02 m.; East Trenton RR., 2.97 m.;
all track, 88.17 m. In May 1879 leased for 990 years to Phila. & Reading.
Rental. $213.000, paying interest and 8% on stook.-(V. 81. p. 210.)
DELAWARE & HUDSON CO.-Operates railroad lines from WilkesBarre, Pa., via Albany, N. Y., to Rouse's Point, on Canada line, with
branches, 878 miles in Mi. V. 68, p. 871.
miles. Lines leased-.See these cos. Miles.
Lines ownedLackawanna & Susquehanna.,..__ 22 *Albany & Susquehanna
142
17 *Rensselaer & Saratoga
Valley RR of Pennsylvania
192
Honesdale and other branches__ 37 *Chateaugay & Lake Placid RR- 80
Schenectady & Mechanicville_ _ _ _ 10 *Union Railroad
22
Cherry Valley Sharon & Albany 21 I *Jefferson RR. (trackage)
35
New 'York & Canada
1501 Boston & Maine (trackage)
22
Schenectady & Duanesburg
14 Other lines
76
Adirondack Railway
57
*Cooperstown & Charlotte Valley 4
Total operated Jan. 1 1914_.._904
Also les-s Utica Clinton & Bingh. and Rome & Clinton RR.,44 m.,sublet to N.Y.Ont.& W.,and controls Quebec Montreal & So. Ry., which see.
In Feb. 1905 a half-interest in the stock of the Schenectady Ry., 116 miles,
was purchased. V.82. 0.687. Owns $12,499,600 of the $12,500,000 stock
of the Ualted Traction Co. of Albany. V. 81, p. 1550, 1610; V. 84. p. 51.
HISTORY, &C.-This company was chartered April 23 1823. It is one
of the largest miners of anthracite coal. Hudson Coal Co. in June 1909
agreed to purchase the entire coal output. V.86, p. 913; V. 88. p. 1499.
DIVIDENDS.-I '87. '88. '89 to '96. '97 to '00. '01 to '06. '07 to '15.
Since 1886
%,f 5 6
7 yearly. 5 yemly. 7 yearly. 9 yearly.
STOCK, &C.-In 1900 to 1906 81.288,500 stock was retired; none since.
Stockholders May 9 1905 authorized increase of $5,000,000 stock for conversion, at option of holders, to April 1 1916, of $10.000.000 Albany & Snag.
334% bonds, dated April 1 1906, on the basis of $500 stock for $1,000 of
bonds. The bonds were sold at par pro rata to D. & H. stockholders to
refund the Albany & Susq. 6s and 7s, effecting a material saving of interest.
/n 1909 the Albany & Susq. stockholders were held by higher Federal courts
to be entitled to the benefit of this refunding, Increasing the yearly rental
paid. V. 85, p. 721; V. 83, p. 1036; V. 80. p. 1174. 1362, 2343: V. 88.
p.938. 1499; V.89,13.1068, 1141; V.90, p. 911. To July 1914 n.556.000
bonds had been exchanged for D. & H. stock.
The 4% 10-year debentures dated June 15 1906 were exchangeable for
50% In stock between June 15 1907 and 1912, inclusive. V. 82, p. 687.
'The equipment lien 420 of 1907 (810.000.000 issue) have an annual sinking fund of 8650.000 to purchase bonds of Issue, other securities or additional
equipment to come under the mtge. V. 84. P. 1247. 1307; V. 85. p. 1082.
On May 12 1908 the stockholders authorized a first and refunding mortgage for $50,000,000. bearing not over 4% int, and running 35 years, and
subject to redemption as an entirety only at 10734 on any int. day, beginning
May 11918. One per cent of the amount of bonds outstanding is to be paid
to the trustee June 1 annually from 1909 to 1942. to be used to purchase
bonds or for Improvements and extensions. Of the issue, $6,500,000 will be
reserved to retire the outstanding 1st M. bonds; $20,704,000 were issued to
discharge outstanding obligations maturing during 1908 or for construction
work in progress, and in Jan. 1911 37.000,000 and in June 1914 $4,500,000
were sold for improvements and additions. V. 86, p. 98, 1409. 1589; V. 87.
p. 96,480. 1419. 1604: V.89, p. 847. 1541: V.90.P. 51. 167: V.92. p. 186.
394; V.96, p. 1156, 1700; V.91, p. 1024; V.98, p. 1168, 1844; V.99. p.48.
EARNINGS.-12 mos., 11914____Gross, $22,677.150; net, $7,525,975
11913____Gross, 24,220,746; net, 8,899,602
Jan. 1 to Dec. 31.
REPORT.-For year 1913 In V. 98, p. 1150, 1168.
1913.
31Dec.
ending
1912.
Year
1911.
8.911,989 8,009,596
Anthracite coal carried (tons)
9.295.307
124.153.495 822.480,103 $21,421,817
Gross earnings of railroads
$8,943,188 $8,413,324 $8,663,657
Net (railroads)
sur.
.801.692 sur.230.944 def.24,301
Coal department (net)
1,818,133 2,141,399
Other income
1,755,162
111.563.013 810.785,667 110.394,518
Total net Income
Miscellaneous rentals
$2.020,228 12.034,257 $2,022.926
Interest, taxes and miscellaneous
3.368.049 3.245,320
3.133,911
Dividends on stock. 9%
3,825,270 3,825,270
3.825,270
Balance, surplus
$2,349,466 31,680.819 81,412.411
The earnings of the coal department in 1913 were $16,045,308; expenses
$15,243,616; net,$801,692. In 1912, gross, $13.397.557; net.. 1230.944.
IFFICERS.-Pres., L. F. Loree; chairman Exec. Comm., R. M. Olyphant; V.-P., Chas. A. Peabody. N. Y.; 2d V.P. de Gen. Mgr.. C. S. Sims. •
Albany: 3d V.-P.. W. H. Williams; Asst. to Pres. and Asst. Sec., W. B.
Schofiel a:Asst.to 3d V.-P.,G.H.Parker:Treas.,C.A.Walker;Sec.,F.M•
Olyphant; Comp., W. H. Davies, 32 Nassau St., N. Y.: Gen. Aud., Allen
Y.
N.M
yb
,ert
no
McCarty, AILaR
Olyphant, Chauncey M. Depew, L. F. Lome.
William S. Opdyke, Archibald D. Russell, Cornelius Vanderbilt, W. H.
Williams, Henry W. de Forest. George I. Wilber, C. A. Peabody. Robert
S.Lovett. James A.Linen and Robert O.Pruyn.-V.99, p.48; V.100. p.53.
DELAWARE LACKAWANNA & WESTERN RR.-(.See Map.)-Operates 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.)

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RAILWAY STOCKS AND BONDS

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50

RAILWAY STOCKS AND BONDS

[VOL. 100.

Last Dividend Places Where Interest and
When
Rate
Miles Date
Amount
Par
RAILROAD COMPANIES
Payable and Maturity
Road Bonds Value Outstanding
Dividends are Payable
%
(For abbreviations, eec.. see notes on first page]
4 g F & A Aug 1 1936
Philadelphia, Pa
10 1896
P ea 1 sf 1% GP.xo•
$1,000 1.280,000
Del River RR & Bridge-lst MgMgu$800,000
red par _x
-__ 1909
Kidder&Co.5 Nassau,NY
100 &a
700.000 To 5% See text July 1 1939
Deny Boulder & West-Ino 1st
In default
5 g A & 0 Apr 1 1940
53 1910
$30,000p m Sax
1.000 See text
Denver Lar & N W-lst Mg red 10878)
June 1 1916
z
---------------79,697 6 & 7
Receiver's certificates ($20,000 are
-------100 38.000,000
Denver & Rio Grande-Stook common (see text)--Tr
-------100 49.779,800 See text J & J Jan 16 1911 254 Office, 165 B'way. N Y
Preferred stock 5% non-cumulative $50.000.000-Tr
National Park Bank. NY
4 g J & J Jan 1 1936
First consol M $42.000,000 now 1st M g_Us.xo•evr 11,667 1886 500 doo 34.125.000
do
do
41i g J & J Jan 1 1936
11,667 1886
1,000 6.382,000
Bank' Tr Co, N Y;& Be,
&r• 2,528 1908 $ & mks 33,617.000
5 g F & A Aug 1 1955
First & ref M $150.000,000 gold red 110 _Beat).
N Y, Lond,Berlin& Amst
_ _. 1912 $,Z,m,&c 10,000,000 7 in 1914 A & 0 Apr 1 1932
Adjust Al incomes 125.000,000 7% cum red 115 Nzc•
500 5,335,000
National Park Bank, NY
5 g J & D June 1 1928
Us.xo•ea 1.667 1888
Improvement M ($5,000 per mile) g
Guaranty Trust Co. N Y
4 g J & J July 1 1939
434 1889 1.000 &o 15,190,000
Rio Grande Western 1st M gold (V 69. p 284)-Ce.ze
do
do
. 669 1899 1.000 &cf 15,080,000
4 g A & 0 Apr 1 1949
First cons mtge redeem at par see text) g--0.X0
do
do
4 g A & 0 Jan 1 1917
36 1898
390,000
1,000
Utah Central 1st M guar (V 68.( p724) gold--0.
do
do
-__ 1907
5 g htt & S Sept'15-Sep'17
375.000
1.000
Equipment bonds Set B red 101g 475,000 due sa _x
Companies
Affiliated
of
Bonds
Maitland, Coppell, N Y
180 1890
Cex
4 g I & J July 1 1940
1,000 x2.277,000
Rio Grande Southern first mortgage guar
do
do
5 g J & D Dec 1 1939
62 1889
1,000 2,000,000
Rio Grande Junction first mortgage guar_ _ _ _Ce.xo•
do
do
redeem
at
g 11 & S Mch 1 1931
5
-Oz
110
--$2,000,000
1901
509,000
1.000
Utah Fuel Co 1st M
do
do
-_- 1898
5 g J & J July 1 1928
1.000
936.000
Pleasant Valley Coal 1st Ms f redeem at 115 ___-Oz
Salt Lake City Union Depot & RR-See that Co.
___
11.062.800
Deny ge Salt L RR-Stk held in vot tr $35.000.000Bankers Trust Co. N Y
M & N May 1 1943
5
1st M /,35,000,000 gold redeem 105--Ba.xc*&r• text 1913 S.E.frAc 1,553,000
do
do
text
__x
5%
then
yr;
1913 1, E. &c 4,344.000 3-4-5 M & N May 1 1943
1
lot:
cash
4%.
yrs;
3
3%.
Do
do
do
text 1913 $. Z. &c 1.695.000 1-2-3-4--5M & N May 1 1943
Do cash int:4 yrs,1, 2,3&4%.resp,then 5%..1
30 years
x
1913
2,000,000 Up to5%
Adjustment (income) bonds $2,000.000
1917
1915
250,000
6
Two-year notes
Q-F May'15-Feb '16 Harvey Fisk & Soas.N Y
--- 1910
5
70,000
Locom equip notes gu Am Loc Co due $17,500 qu-c
Sept'15-Mch'23 New York
__ 1913
1.000
392.000
5g
Equip notes g due $25.000 or $24.000 s-ann_Em.xe•
Cont& Com Tr&SB,Chic
--- 1914
416 g M & S Mar 1 1964
1000 4,000.000
Denver Un Term Ry-Ist M red 105 beg '19 text_CC
--------100 4.283.100
Des Moines & Fort Dodge-Common stock
100
Preferred stock 7% non-cumulative
763,500 See text August Aug 2 1909 5% 25 Broad Street. N Y
25 Broad St, New York
138 1503
1.000 3,072.000
4 g J & 3 Jan 1 1935
First mortgage gold guar prin & interest_ _Ce.xo•err
do
do
-__ 1906
2d m $600,000 gold (V.82. p. 1322) red at 105_Eq
5 g A de 0 Apr 1 1935
1.000
514.000
Moines
Des
&
Paul
Des Mol la F & No-See St
x Of which $1,777,000 in treasury: there are also $2,233,000 not guara nteed

DELAWARE LACKAWANNA &IWESTERN RR. (Concluded)Lines Leased (Concl.)Miles
Miles.
Lines Owned35
N. J. State line to N. Y. line_ __ _114 *Oswego & Syracuse
80 *Syracuse Binghamton & N. Y_- 81
Branch to Northumberland
2 *Utica Chenango & Susquehanna 97
Hopatcong, &c
11
Erie & Central N. Y.(V.96,p.202) 18 Valley RR. of New York
38 *Lackawanna RR. of N. J
Bangor & Portland By
7 Lines Controlled and Operated- 28
Hanover & Newport RR
Sussex Railroad
31
Lines Leased-(See each co.)*Morris & Essex and leased brchs.176 Lackawanna & Montrose RR-...- 11
_214
Western_
&
Lackawanna
N. Y.
-34
*Cayuga & Susquehanna
Total operated Jan. 1915
8
985
Greene Railroad
Cut-off between Slateford, Pa., and Port Morris, N. J.. under construelion, under charter of Lack. RR. of N. J.; 28 m., was opened Dec. 24 1911,
shortening line 1154 miles. V. 86. p. 543: V. 90. p. 557; V. 92, p. 656;
V. 93. p. 1323, 1786. Cut-off from Clark's Summit. Pa.. to Hallstead. 38
miles. reducing line 3.6 miles. cost $10,000,000 to $15,000.000. Is to be
completed in spring of 1915. V. 96, p. 646; V. 97, p. 1662; V. 99, p. 1748.
HISTORY, &C.-Original company chartered in 1832, present title assumed in 1853 In 1903 purchased entire stock N. Y. & Hoboken Ferry Co.
/n June 1909 the D. L. & W. Coal Co. was incorporated with ;6,800,000
authorized stock, to act as selling agent for the company's coal In Pennsylvania. 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 254% on the coal company's stock were begun in Jan. 1910 and 20% extra was paid in April 1913.
V. 90, p. 54. The lower Federal Court on April 7 1914 dismissed the suit
brought by the Government charging violation of the commodities clause
of the Inter-State Commerce Act and the Anti-Trust Law. The Government has appealed to the U. S. Supreme Court. V. 96, p. 486; V. 98. p.
1155: V. 99. p. 1528.
STOCK.-In 1913 $12.000,000 new stock was offered to stockholders at
par, payable 50% Feb. 15 1913 and 50% Jan.5 1914. V.94, p. 350: V.95.
p. 1745; V. 97. p. 1583, 1898.
'04. '05. '06-'08. '09. '10-'14. 1915.
DIVIDENDS-% 17 1911 20 y'ly 70 20 y'ly
Since 1885
July 1909 paid special cash dividend 50% one-half applicable, If desired,
to subscription of stock of new D. L. & W. Coal Co. selling agency; also
15% stook dividend paid Aug. 2 1909, and in Dec. 1911 35% in 4% guar.
stook of Lack. RR.of N.J. V.89. p. 41,224; V.93.1p. 1323:17. 94, p.549.
Gross, $22,664,386; net, $8,606,463
EARNINGS.-6 mos., 11914
; net,
Gross,
11913
July 1 to Dec. 31.
is held on Tuesday preceding last
meeting
ANNUAL REPORT.-Annual
Friday in February. The report for 1914 was in "Chronicle" Feb. 27.
1912.
1913.
1914.
Year ending Dec. 31$8,158,458 $8,549.346 $7,722,953
Passenger earnings
28,888,881 29.507,565 27,279,663
Freight earnings
2,561.895
2,202,451
2,727.237
Miscellaneous
Gross
Net after taxes
Coal department (net)
Other miscellaneous income

339,249.790 $40,784.148 $37.564,511
$12,121,918 $13,742,106 $12,207,730
*4,357,006 *3,184.686 *3.885,508
2,472,190
1,143,409
1,607,537

Total net income
Interest and rentals
Rentals, advances, &c
Renewals and betterments
Miscellaneous
Dividends (10%)
Extra dividend (10%)

$18,951,114 $18,070.201 $17,700.775
$5.881,279 $5,935.415 $5,695,074
158.690
1,299,286
1,879.575
1,720,698
84,242
555,594
Cr.199,089
3.014,400
4,222,040 3,014.400
3,014,400
4,222,040
3,014,400

Balance, surplus after dividends__ $3,525,559 $3,670,816 r$4.013.271
*Earnings of the coal dept. in 1914, $23.949,079; expenses, $15,592,073;
net, $4,317,006; 1913 earnings, $22,742,982; expenses, $19,558,296; net,
$3,184,686: 1912 earnings, $21,706,755; net, $3,885,508.
OFFICERS,-Pres.. W.H.'Truesdale; Sec. and Treas.. A. D. Chambers;
Gen. Aud., G. E. Hustle,
BOARD.-Fredk. W. Vanderbilt, Wm. H. Moore, Henry A. C. Taylor.
Wm. H. Truesdale. Geo. F. Baker. Wm. Rockefeller, Geo, F. Baker Jr..
M.Taylor Pine, Henry R.Taylor, John D. Rockefeller Jr., William Fahnes
tock, Harold S. Vanderbilt, J. F. Talmage. Office,90 West St., New York,
-(V. 99. p. 1748: V. 100, p. 54, 308, 397.)
DELAWARE MARYLAND & VIRGINIA RR.-Owns from Harrington
to Franklin City, Va.. 78 miles; Georgetown to Rehoboth, Del., 20 miles;
total, 98 miles. Controlled by Phila. Bait. & Wash., which owns 4326,200
of the $526.758 stock (par $25), and so by Penn. RR. See V. 50. p. 498.
In year ending Dec. 31 1913, gross, $398.545; oper. def.. 183.473; other income, $366; int., &c.. $85.180; bal., def. for year, $168,287-but this does
not include interest on floating debt of $1.062,477 Dec. 31 1913.
DELAWARE & NORTHERN RR.-East Branch to Arkville, 38 miles,
N. Y. Oct. 14 1911 as a reorganization of
and 8-mile branch. Incorp. Inforeclosed
per plan V. 93, p. 588. Stock,
the Delaware & Eastern RR.,
$250.000; par. $100.
pref..
cum.
6%
$1,000,000;
common.
$135.793; net, after taxes.
gross.
1914,
30
For year ending June
and rentals, $1,852; bal., sur.. $4,648.
$4.129; other income, $2,371; int,
and
Treas..
Clyde C. Taylor. Office,
Sec.
Moreland.
M.
Pres.. Andrew
Margaretvllie. N. Y.-(V. 96. p. 1725.)
IDOE
Jot., Pa.. to
CO.-Frankford
BR
&
DELAWARE RIVER RR.
9.52 miles.
Pensauken, N. J. and branches,
which
RR.,
Penn.
guarantees
bonds,
by
owned
all
Cap.stock, 31,3'00,000,
p. 1062, 1159; V.89, p. 1596.
prin. and int., by endorse. V.63,
'11.
'09-'10.
'12-'13.
'08.
1914.
'06-'07.
'00-'05.
DIVIDENDS-.
4 y'ly 5 Y'lY 6 6 Y'IY 5 6 y'ly 3,1,-.
Per cent
1832.
p.
99,
V.63,p.1062,1159; V.89
RR.-See page 140.
DENVER BOULDER & WESTERN

DENVER LARAMIE & NORTHWESTERN RR.-See page 140.
DENVER & RIO ORANDE RR.-(See Ma J-ROAD.-Mlleage:
Of the preceding:
Road owned and operated
2,565
1,796
Rio Gr. Jo. RR., &o.(leased)
106 Standard gauge
769
Narrow gauge only
178
Total June 30 1914
2,671 Second track
Rio Grande & Southwestern RR.. Lumberton Station, Col.. 33 m.southeasterly, is operated on basis of 25% of gross earns. V. 79, P• 907.
Jointly with Colorado & Southern constructed from Southern Jct. to
Walsenburg,51 m. V.90, p. 626; V.93. p.597; V.95. p. 623. It is proposed
gradually to electrify the main line, first Helper. Utah.to Salt Lake City,
114 m.,then Salida to Minturn. Colo..87 m. V.95, p. 1402; V.97. p. 1426.
HISTORY.-On July 31 1908 the Rio Grande Western was merged.
V. 87, p. 226, 285. The Rio Grande Junction (of whose stock the greater
part is owned) is leased jointly by this co. and the Colorado Midland, and
Its bonds guaranteed. V. 95, p. 1541: V. 97, p. 886. The Colo. Midland
Is controlled by parties interested severally in the D.& R.G.and Colorado &
Southern, but see V. 99, p. 342. Rio Grande Sou. has been controlled.
The Missouri Pacific on June 30 1914 owned $17.295.000 common and
$9.805,000 pref. stock, the pref. and most of the common deposited under
Mo.Pac. 3-year 5% notes of 1911. V. 72, p. 338. 580, 1238: V. 73. p. 506.
Denver & Rio Grande owns two-thirds of the stock and has given a traffic
guaranty to the Western Pacific By.(which see), completed from Salt Lake
City to an Francisco in 1910. V.81. p. 845: V. 83,p. 568: V.99,p. 406.
The stock (11200.000) of the Salt Lake City Union Depot & RR.Co. is about
equally owned by the D.& R. G. and Western Pacific, which guarantee its
$1,100.000 first mtge. 30-year 5% bonds. V. 88, p. 232. In Feb. 1915
readjustment of relations with Western Pacific was pending.
DIVS. since '911 '92.'93. '94. '95. '96. '97. '98. '99. '00.'01 to Jan.'11
5 yearly.
on preferred. %..j 0 2 0 0 2 2 254 4 4
Dividends were suspended in order to pay the int. due Sept. 1911 to Sept.
1914 on the West Pac. 1st M.5% guar. bonds. V.92,p. 1635; V.99,p.406.
BONDS.-Improvement mortgage abstract in "Chronicle," V.47,9. 229.
Abstract of R. G. W. 1st mort. was in V. 49, p. 237, and statement to
N. Y. Stook Exchange, V. 50. p. 73; also V. 69, p. 284. Utah Fuel 1st 51
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 mtge. 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. RR., the
bonds are secured oy two-thirds (150.000,000) of the stock of the Western
Pacific and all the $25.000.000 2d mtge. bonds on the latter. V. 86.
D. 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, 9.848.
The adjustment mtge.(7% cum. Income) bonds authorized in April 1912
install(total $25.000,000. present issue $10,000,000) received their first
& 0.)
ment of interest absolutely on Oct. 1 1912. and are since entitled (A.
income
net
surplus
of
out
determine
to such amount as the board shall
preceding.
during the six months ending Dec. 31 or June 30 immediately
of earlier redemption.
all arrears, if any, to be paid at maturity or at date
or in blocks of $500.000.
Redeemable at 115 any interest date ass whole,
p. 728. 1426. In Feb.
97.
V.
1914.
and
1913
Oct.
and
April
paid
334%
100, p. 555.
1915 $250.000 2-year 6% notes were sold. V.
wore sold in 1912 at par
FINANCES.-Of the adjust. bonds,$10.000,000
p. 1583; V.98. p. 1316.
97.
V.
1403;
V.94. p. 911, 1565: V.95, p. 176, 623,
6 months:
31.
Dec.
to
1
July
LATEST EARNIN08.-From
Balance.
Charges.
Other Inc.
Net.
Gross.
6 Months$625,336 $3,572,314 sur.$694,452
$3,641,430
$12,197,360
1914
sur.
3,487,674
686.481
890.729
3,691,922
13,421,985
1913
V.99,p• 887,899; editorial,P.863.
ANN.REPORT.-Report for 1913-14
1912-13.
1911-12.
1913-14.
2.583
Average miles operated
$23,167,051 $24,452,965 $23,280,403
Total operating revenue
$7.132,707 $7,399,298 $6.273,260
Net revenue
1.009.143
948,739
877,000
Taxes
10.123,564 $6,450,559 85,396,260
Operating income
1.262.934
1,247,938
1,196,109
Other income
$7.386,498
$7,698,497
$6,592,369
income
Total net
$5,014,535 $5.031,977 $5,022.427
Interest on bonds
611.499
212,463
Interest on adjustment mtge. bonds_
360.088
359,878
303,302
Rentals, &c
121,876
Hire of equipment
137,722
137,808
137.844
fund
Renewal
126.167
110.000
Sinking fund
80.927
389.000
Appropriations for betterments. &c$6,330,939 $6,241,125 $5,585,450
Total
11.055.559 $1,457.372 $1,006,919
Surplus
OFFICERS.-Chairman of Board. E. T. Jeffery; Pres., B. F. Bush;
Little; Treas., R.F. Watkins;
V.-P. E. L. Brown; Sec.& Comp.,Stephen
165 Broadway, New York.
Asst.'Treas., Jesse White. Office,
Directors.-George J. Gould, E. 'P. Jeffery, Kingdon Gould, Edgar L.
Marston, Arthur Coppell, Edward D. Adams, Finley J. Shepard, New
York; Benj. F. Bush,Samuel F. Pryor, St. Louis, Mo.; Edward L. Brown,
Joel F. Valle, Denver, Colo.-(V. 99, p. 406. 674, 887. 899, 1214.)
DENVER & SALT LAKE RR.-Projected from Denver to Salt Lake.
100 miles south of the Union Pacific and
about 575 miles, along a line about
& Rio Grande. In 1914 257 miles, Denver to
125 miles north of the Denver
operation ,incl. Steamboat Springs to Craig, 46 miles, opened
Craig, was in '.-95,
p. 1403, 1541; V. 96. p. 1088; V. 97. p. 1503.
Dec. 1 1913.
The electors of Denver on May 20 1913 approved charter amendments permitting a tunnel to be built by city through the Continental Divide, for use
under lease by this and other companies at an estimated cost of $4.420.000.
of which this company is to pay the cost above $3,000.000.and also Lateran

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52

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c., see notes an first gage]

Mil433 Date
Road Bands

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[Vor... 100.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

5 1887
$671,000
5 g Id & N Nov 1 1917
$1,000
Central Trust Co, N Y
Des Moines Union-First 3,1 $800,000 gold ____Ce.zo•
40 1912
First Tr & Say Bk, Chic
1,000
5 g A & 0 Oct 1932
300,000
Det Bay C & W-lst M $1,250,000g red textsf FC.xc•
equip
lif
gu_xxo•
Milw-First
189
&
0
Nov
14
1918
New York and London
1878
6
A
1.000
2,000,000
&
Haven
Grand
Detroit
189 1878
200 &c 3.200,000
A & 0 Nov 15 1918
do
6
do
Consol M guar p & I Grand Trunk Ry of Can _xxo•
65 ____
100 1.350,000
4
J & J Jan 5 1915 2% Farmers' L & Tr Co. N Y
Detroit Hillsdale & SW-Stock 4%rentalNYRCentRR
___ ____
100 2,000,000 5 in 1914 J & J Jan 2 1915 2% H K Mollarg. New York
Detroit & Mackinac-Common stock, $2,000,000 auth
do
950,000 5 in 19141 & J Jan 2 1915 214
do
Pref stock non-cum $1.000,000 auth (V 74, p 629)--------100
rixe; Ai
i
1,000 1,050,000
4 g J & D June 1 1995
3 P Morgan & Co. N IF
"First lien" $1,500,000 gold
1895
do
4 g J & D June 1 1995
"Mortgage bonds" $1.750,000 g red at par __ _axe All
1.000 1,250.000
do
Detroit Mackinac & Marquette Ry.-See "Miscellan eouti C ompan es."
Detroit Toledo k IrontonCommon stock $6,500,000
100 6,500,000
___
Pref stock (p & d) non-cum 4% & partic.36,000,000
100 5,990,000 --------------------New----- truFirst M gold red 105
- 3 -ti ./ Mcfi--i51
N.Yc*
--- i5ii
-5-g
1,000
450,000
sio---Apr '15-Jan'16
Locomotive trusts due guar
32,000
--_ _-Adj(inc) M $8,000,000 g cum aft Jan 19 red text_Ce
100 &c 7,628.868 Up to 5 Semi-an 40 Years
Car trusts due s-a 325 M 1915, then $50M
N
A & 0 15 Apr '15-Oct '17
250,000
6
1914
5,000
Bankers Tr Co, NY
Ba.xo•ler
48 1903
4 g J & .1. Jan 1 1953
1,000 2,918,000
Oct & Tol Sh L-lst Id $3,000.000 g gal
___ _
A & 0 Oct 1914 3% 143 Liberty St New York
6
100
150,000
Dover & Rockaway-Stock 6% rental 990 years_ __
Office 32 Nassau St, NY
218 1895
4 g F & A Aug 1 1951
1.000 5.425,000
Dub & Sioux City-Ill Cent W lines 1st M g__Us.c•-&r
do
Iowa Falls to Sioux City 1st AI Iowa F to SiouitCy__z
184 1869
A & 0 Oct 1 1917
7
do
500 toe 2.800.000
Cher & Dak,C R & C and Omaha Div &o first mtge
328 '88-00
8,930,000 Illinois C entral bonds or collateral therefor
Office Empire Bldg, N Y
A. & 0 Oct 1 1937
210 1887 1000
5
Duluth & Iron Range-First mortgage_ _ _ _ _M p.zcler
8,151,000
do
Second M currency redeem 105 $5,000.000 -Ce.zo•
210 1896 1.000 &c See text
6
J & J Jan 1 1916
do
Duluth Missabe & Northern-First mortgage gold __z
65 1892
6 g J & J Jan 1 1922
1,174.000
Central Trust Co. N V
First consol mtge $3,500,000 gold call at 105---Cex
297 1893
6 g J to J Jan 1 1923
123.000
1.000
Company's office, N Y
General mortgage golds 1, red 105
rime
361 1906
5 g J & J Jan 1 1941
1.000 11,305,000
Duluth Rainy Lake & NVinnipeg-See Dui Win & Pac.
55 Wall St. New York
A & 0 Apr 1 1925
Duluth So Sh Ec Atlantic-Marq H & On gen M_Ce.zo•
130 1885
6
1.000 1.077,000
do
do
Duluth South Shore & Atiantio 1st M g __Ce.xceer
587 1887
5 g J & 3 Jan 1 1937
1.000 3,816.000
New York or London
First consol mtge gold interest guar___Ce.ze ler
587 1890
4 g F de A Aug 1 1990
1,000 15,107,000
Held by Canadian Pacific
Income certs held by Can Pao
Dec31 1912
z
1892
4
3,000.000
Philadelphia, Pa
Car trusts guar by Can Pao
z
A & 0 Apr 1 1915
1910
22,000
4
Chicago, Ill
do
do
do
x
F & A Aug 1 1917
4
1912
34.800
Wm.A.Read & Co.,N.Y.
do
'17
do
do due $31.000 s-a_Ce.xc
&
D
June
'15-Dec
g
J
--- 1912
186.000
414
Cont&ComT&SBk, Chic
do
do
do due $11,000 s-a- _x
_-- 1913
187,000
434 A & 0 Apr 1 1923
London or Toronto
Du Winn & Pac-lst M deb stock guar by Can Nor By-__ 1909
4
J & D June! 1939
7.170.318
Chase NatBk,NY: & Chic
DuIRL&Win 1st M$2.000,000gred 105 stnee'll-ICo•
1,000 2,000,000
5 g J to J Jan 1 1916
--- 1906

DENVER & SALT LAKE RR.(Concluded).
on the city bonds and maintenance and 1% yearly to retire the bonds. City
bonds auth. Feb. 17 1914 wore on July 8 1914 declared illegal by the Colorado Supreme Court. V. 96, p. 1488; V.92, p. 1310: V. 95, p. 1403. 1122;
V.96, p. 1488, V.97,p. 1024, 1503; V.98,p.73,610. 762; V.99.p.119.1597.
ORGANIZATION.-Incorp. in Colo. Dec. 1912 and took over as of
May 1 1913 (per plan. V. 95, P. 890) the Denver Northwestern & Pacific
By.. foreclosed. V. 95, p. 1683, 1603. 1331; V. 96, p. 135. 1296. 1364.
Leases Northwestern Terminal Ry., Denver, for 50 years from Jan. 1
1914. V. 98,
911.
In Feb. 1913p.$488,000 equipment notes payable in 20 semi-annual installments were sold. V. 96. p. 553, 1088; V. 97, P. 520.
I=STOCK.-Authorlzed issue increased in May 1913 from 310,000.000 to
$35.000,000. The $10,000,000 issued is all held In 5-year voting trust expiring May 1 1918. Benjamin Strong, Leroy W. Baldwin, Newman Erb,
W.M. Wadden,F. S. Pearson, Lawrence C. Phipps and Charles Boettcher,
voting trustees. V. 96. p. 1088, 1488; V. 99, p. 1597. The Newman Erb
syndicate financed the reorganization.
BONDS.-The $35.000.000 1st M. bonds bear interest as follows:
Note.-All graduated 1st M. bonds will for the first four years receive
full 1st M.58 for the difference between 5% and the rate payable in cash.
(1) To bear cash int., payable semi-annually as follows: 3% per
annum for first 3 years,4% for 4th year and 5% yearly thereafter. There will be placed in trust $132,000 cash to be applied
in paying 2% on account of the 3% int, payable for the first
$4.343,640
year and 1% of the 3% int. payable the 2d year, say
(2) To be 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. say _41.695.293
(3) To be issued bearing from the outset full 5% interest(a)Issuable forthwith at 85 to Mr.Erb,in return for $1,132,000
cash, of which $132,000 is to be placed in trust (see "1") and
$1,000,000 to be used for improvements, new equipment,
$1,53,00
2500.0000
pay floating debt, foreclosure exp.. &c., about
(b) To be used, with approval of Chairman of committee
27,208,067
(c) Reserved, to be issued for future requirements
The $2,000,000 adjustment mortgage bonds are to be 5% non-cum.incomes
until the net earnings are 150% of the full 5% on all outstanding 1st M.
bonds and also on Northw. Term, bonds, but thereafter fixed 2d M. 5s.
EARNINGS.-For year ending' June 30 1914, gross, $1,215,361; net,
$298,550; other income, $66,404; int., taxes, &c., $376,294; bal., def., $11,440. 1n1912-13, gross,$1.156,952; net. $268,628. For 6 mos. ending Dec.
311914. gross.$953,474, agst. $660,863 in 1913;net,$336,467,agst.220,664.
OFFICERS.&c.-Pros.,Newman Erb; V.-P.& Gen. Mgr., W.E. Morse:
Treas., Ward E. Pearson; Sec., II. B. Blanchard, Directors: Newman
Erb, Dr. F. S. Pearson, Leroy Baldwin and George H. Burr of New York;
W.M.Wadden,Boston, Mass.; Lawreuce C.Phipps and Charles Boettcher.
Denver, Colo.-(V.98. p.762,911, 1071; V.99. p. 119,1597; V. 100,1).555.1
(THE) DENVER UNION TERMINAL RY.-To take over the Union
Depot & By. Co.(V. 71. p. 343) and extend and improve the passenger
terminals at Denver,Colo. Stock $30.000. equally owned by the Union Pacific, Denver & Rio Grande, Colorado & Southern. Chic. Burl. & Quincy.
Atch. Topeka & Santa Fe and Chicago Rock Island & Pacific which
guarantee the bonds ($10,000,000 auth. issue), of which $4.000.000 were
sold to the Union Pacific. V.97,p. 1024. 1115; V.98. p. 762: V.99. p. 406.
Pres., A. L. Mohler; V.-P., E. L. Brown; Treas., Thomas Keeley: Sec. &
Aud.,P. Randolph Morris. Office, Denver. Colo.-(V. 99. p. 406.)
-(See Map Minneapolis de Si.
DES MOINES & FORT DODGE
Louis.)-Owns Des Moines to Ruthven,
RR.
Ia.. 137.01 m.; at Ft. Dodge, Ia..
0.61 m.; trackage, Tara to Ft. Dodge. 6.07 m.; and Spencer to Ruthven.
12.45 m.; total, 156.14 m. In 1904 Minneap. & St. Louis acquired $2.530.000 of the outstanding $4.283,100 coin,stock, and guarantees the $3,072,000
1st mtge. 4% gold bonds issued to retire all the outstanding bonds, which
matured Jan. 1 1905; the Minn. de St. Louis leases the road for 30 years from
Jan. 1 1905; all income over charges, improvements, &o., to be paid to
lessor. V. 79. p. 268, 1704. 2085. Stockholders on Feb. 19 1915 voted
to sell the property to the Minneapolis & St. Louis. Holders of
pref. stock will receive for each $100 $50 each in pref. and Ref. & Ext. bonds
Minn.& St. Louis stock and for each $100 cont.$50 M.& St. L. com.stock.
v.100, p. 642. Guaranty, V.79, p. 2696. Of the 2d M. bonds, $514,000
are owned by the Minn. & St. Louis, the remaining $86,000 being in the
D. M. & F. D. treasury. Prof. stock (non-cum.) shares equally with
common after 7% on each.
DIVIDENDS.- '1 '93. '94. '95.'96 to '98. '99 to '03. '04 to '09 '1043
6 yearly
7 yearly 5 yearly None
%.1 2 4 4
On preferred
REPORT.-For year ending Dec.31'1913.in V.99,p.338,showed: Gross
earnings, $888,016 ;net, $273,955: taxes & int., $178,430; surplus. $95,525.
Year 1912. gross. $794,210: net. $213,959; taxes to int., $178,345; bal., stir.,
$35,614.-(V. 99, p. 537. 1748, 1832; V. 100. p. 54, 397.)
road in Des Moines; owns 418 miles
DES MOINES UNION Ry,-Terminal
and side tracks, bridge across Des
main track and branches, 19 miles 2d
Des Moines. See statement to N. Y.
Moines River and 25 acres of land inLeased
to Wabash RR., Chicago Great
Stock Exchange in V.65. p. 1173. Chic. Burl.
to Quincy RR.and Minneap.
Western,Chic. Milw.& St.P. Ry.,
equal to expenses and fixed chges.
Rental
p.342.
V.75,
RR.
Louis
St.
to
Stock
basis.
auth., $2,000,000: out..
wheelage
on
paid monthly by lessees
year 1913-14. gross. $407,631; net. $107.538: other
$400,000: par, $100.
appropriations
for Joints,
$86,105;
&c..
taxes,
int.,
income. $106,030;
166,715; bal.. sun.$60,749. In 1912-13, gross. $470.146; net. $199.253.
140.
Page
-See
RR.
DETROIT BAY CITY & WESTERN
MILWAUKEE RV.-Owns from DeDETROIT GRAND HAVEN Se
Real estate bonds, &c.,$226,000.
troit to Grand Haven. Mich., 189 miles.
accounts, $4,204,108. Grand Trunk
outstanding
On June 30 1914 sundry
of Canada owns entire $1,500,000 stock.

Gross, $1,380,323; net, $212,522
EARNINGS.-6 mos,.)1914
Gross, 1,375,361: net, 296,763
11913
Jan. 1 to Dec. 31.
Year ending June 30 1914. gross. $2,558,130; net, after taxes, $247,578;
other income,$10.475; charges,$671.978; impts.,$114; bal., def.,$413,139.
-(V.96, p. 789.)
DETROIT HILLSDALE to SOUTHWESTERN RR.-Owns Ypsilanti.
Mich., to Bankers, Mich., 65 m. Leased in perpetuity July 1 1881 to the
Lake Shore to Mich. Southern By.; rental, $54,000 per year-4% on stock.
DETROIT to MACKINAC R Y.-Owns from Bay City, Mich., to Cheboygan, 195 m.; Au Sable division (formerly A. S. to N. W.RR.), 50 m.; Rose
City Branch. 31
Prescott Branch. 12 m.; Lincoln Branch, 14 m.; Au
m.•.Alabaster Branch, 4 m.: Hillman division. Alpena to
Gres Branch. 8 m.:
Hillman, Mich., 22 m.; Rogers City Branch. 14 m.; logging branches
(largely temporary). 58 m.: total, 404 m. In 1913-14 forest products furnished 42.05% of traffic. Henry It. Mcilarg and associates control.
BONDS.-"Mortgage bonds" for $500,000 were reserved for betterments.
too., at not over $50,000 per year. V. 74. p. 629. In addition to the
amounts shown above as outstanding. $450,000 "first lien" and $500,000
"mortgage" bonds were on June 30 1914 held in the treasury.
DIVIDENDS.-On pref.,2%% July 1 1903; since to Jan. 1915.5% Y'1Y•
On common in 1911 to Jan. 1915,5% yearlY(2%% J•& J.). V.91,p. 1511.
Gross, $559.517; net, $105,660
LATEST EARNINGS.
-11914
Gross, 620,522: net. 143.906
6 mos., July 1 to Dec. 31. 11913
REPORT.-Report for year ending June 30 1914, in V. 99, P. 1668,
showed, gross, $1,210,333; net income after taxes, $315,558; int. on bonds.
$92,000; betterments, &c., $76.058; pref. div. (5%), $47,500; corn. div,
none. In 1912-13, gross, $1.247,327; net.
(5%), $100.000. bal.,
3341,817.-(V. 97, p. 1490,
def..1920; V. 99. p. 1366, 1668, 1832.)
DETROIT TOLEDO to IRONTON RR.-Road from Detroit, Mich.,to
Ironton, via Lima, 389 m.,including 45 m. of trackage; branches Kingman
to Sedalia, 0., 31 m.; Jackson to Cornelia, 19 m.,and Lisman Jct. to Dean,
0.,3m.; total, 441 m.; coal mine tracks,sidings, &c., 147 miles. Incorp.
in Delaware on March 1 1914 as successor, per pan V.97, p. 1821, of the
Railway of the same name, foreclosed April 17 and June 28 1913.
BONDS,&C.-Under the plan,the fixed charges after $1,000,000 of new
1st M. bonds shall have been disposed of to provide for the rehabilitation,
&c., will be only 350.000 per annum, or about $113 per mile of owned and
leased mileage,comparing with formerly about $1,770 per mile of owned and
leased mileage. When traffic conditions justify, another $1,000.000 of Is ,
M.bonds may be disposed of for improvements and additions.
50-year 1st gold 5s.-The issue under the mortgage is not limited.
but $1,000,000 thereof will be disposed of solely to rehabilitate the property
and provide for equipment and payment of equipment liens, and an additional $1.000.000 solely for improvements and additional facilities. Further 1st M.bonds may only be Issued thereafter from time to time, under
carefully guarded restrictions,for improvements,extensions,&c.
Adjustment Mortgage Bonds (38.000.000 authorized).-Entitled to interest, payable semi-annually, at such rate, not exceeding 5% per annum, as
pay.
the surplus or the net income as defined in the mortgage shall suffice toright
be no
The interest will be cumulative from Jan. 1 1919, but there will
callaare
They
bonds.
the
principal
of
the
of foreclosure until maturity of
year. at 75%
ble as a whole with interest as follows: At 70% during first
year and
0 in 3d year, at 85% in 4th year, at 90% in 5thsuccessive
in 24 year, at 807
paid
for
2
been
shall
have
int.
at par thereafter. Until the full 5%
of the mortgage, the holders have
years and at least for 5 years from dateface
amount at all meetings of the
the right to cast one vote for each $100
be
stockholders, but this right may, at the option of the new company,
terminated upon its agreement to pay the interest thereon absolutely.
Gross, $1,046,688; net, $73,998
EARNINGS.-6 mos.,11914
Gross,
837,597;op.def. 186,169
July 1 to Dec. 31. 11913
REPORT.-For year ending June 30 1913 in V. 97, I). 1496.
Oth.Inc,
Net(aft.Tax.)
Deductions. Bal., def.
Gross.
Year$1,542,734 def.$909.837 $21.303 3789.308 $1.677.843
1913-14
def.
242,414
22,203
1,673.286
1912-13
For 4 mos. ending Mar. 1 1914(when operations of new Co. began). gross,
$503,000; op. def. after taxes. $364,660; other income. $9,069; interest,
$5.625: other charges,$40,293; bal., def.,$419,648. Oper. expenses include
$520.249 for rehalblitation of the property.
Directors: James M. Kurn (Pres.), Detroit; William Church Osborn
(V.-p.), N. Y.; Otto T. Banner& Sidney 0. Borg, Frederick H. Ecker.
Harry Forsyth and William J. Maloney. Frederick H. Osborn is Sec. to
Trans. Office, Boyer Campbell Bldg., Detroit, Mich.-(V.99, p. 1668.
DETROIT to TOLEDO SHORE LINE RR.-Extends from Toledo to
(suburbs of) Detroit 47.6 m.; 28 track, 20 m.; sidings. 3 m.• trackage over
Toledo Ry. to Term. Co., too.. 31 m.: total track, 101.6 m. V. 78. p. 2598.
The Grand Trunk Western By. and the Toledo St. Louis to Western RR.
own the entire $1,428,000 stook and jointly guarantee the bonds, principal
and interest, by endorsement. See form of guaranty. V. 76, p. 653. First
dividend, 4%, paid from earnings prior to June 30 1908; in fiscal 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). V. 87, p. 1237: V. 99, p. 1366.
EARNINGS.-6 mos.,11914
Gross, $737,350; net, 3365,426
July 1 to Dec. 31. 11913
Gross. 804,967; net, 426,080
Year 1913-14. gross, $1,544,330,• net Income, $712,224,• Int.. rentals, &c.,
$472,133: diva. (8%) $114,240; bal., sum., $125,851. In 1912-13, gross.
Pres., Walter L. Ross.-(V. 99. p. 1366.)
$1.351,559; net, $652.995.
.
DUBUQUE to SIOUX CITY RR.-(See Map of Illinois Central.)-Owne
Dubuque, Iowa. to Iowa Falls. 143 miles; Iowa Falls to Sioux City. 184 m.:
Manchester to Cedar Rapids, 42 m.; Onawa, /owe. to Sioux Falls, Dakota.
155 m.; Cedar Falls to Minnesota State Line. 76 m.; Tara Station, near Ft.
Dodge, Ia.. to Council Bluffs 130 m.; total owned. 730 miles.
DIVIDENDS.-11900. 1901. 1902. 1906. 1907. 1908. 1909. 1911.
134
4
134
I
Since 1899
%f 3
134 Autt.3% Sep.2

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RAILWAY STOCKS AND BONDS

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54

RAILWAY STOCKS AND BONDS

Miles Date
RAILROAD COMPANIES
Bonds Road
For abbreviations, &c., see notes on first page]
30 1905
Durham & So Car-lst M $300.000 g red 105--MeBa.x
___ 1905
M ;75,000 g-..0.x.3.ea
Durham Union Station-First
Dutchess County RR-See Central New England Ry
46 1908
East Broad Top RR & Coal-1st M ext 1908
46 1908
2d It incomes
co'
10 1908
Shade Gap 1st mortgage
38 1906
East Carolina R Y-First mortgage $300,000 gold____x
East Mahanoy RR-Stock
yrs Phila. & R
36 ____
East Pennsylvania-Stock 6% guar 999
36 1888
First mtge gold guar p & I by P&R RR (end)kvo°
East Tennessee Virginia & Georgia-See Southern Ry
34 1905
p 1723)GuP.zo°
East Tenn & W No Car-1st Mg(V 81 Northern
Eastern Ry of Minnesota-See Great
___ 1912
Edmonton Dunv & Br Col-lst M deb stkgu see text
165 1897
El Paso & Northeast-N M Ry & C col tr g red 105_Nx
1901
Eq
.x
--_
gold
Coal
M
NM Ry &
31 1898
Alam & Sao Mt first mtge $900,000 gold guar_ _ _Nx
128 1901
El Paso & Rock DA 1st M 42,500.000g guar__Eq.xo°
133 1901
Dawson Ry & Coal coil trust gold guar p & I_Eo.xo°
___ 1905
El Paso Union Pass Depot-lst M g $240,000 sf.Eax
1891
g_Cex.o°
181
(410,000,000)
hastern-lst
M
Joliet
&
Elgin
8 1910
Elizab'then Ter Co-lst M $150,000 red105 begApr'15
-__ 1911
Ba.x•c•
Elkin & Alleg-lst M aired 10714
Col.xxCo.1914
1st & Ref M 43,750,000 gold
Col.xx
1911
Income bonds $750,000
34 1884
Elmira Et Lake Ont-Sodus Bay & So-lst M g_Un.xo
Elmira & Williamsport-Stock corn 5% rental____N.c 7334 ---Preferred stock 7% rental 999 years Northern Cent 731.4 ---kv 7334 1860
First mortgage extended 1910
zo°
-__ 1863
Income bonds 999 years to run
83 -___.
Erie & Pittsburgh-Stock 7% rental 999 yrs Penn Co_
83 ---Special guaranteed betterment stock $2,500.000_ _ 83 1890
General mtge (now 1st) 44,500.000 gold guar-Un.k
-.._ ____
Erie Railroad-Common stock $153.000,000 auth____
Second pref stock 4% non-cum redeemable at Par---- ------ ---First pref stook 4% non-cum redeemable at par_-A-Old Bonds Assumed-Roads Consolidated
447 1847
N Y & Erie 1st M Pierm to Dun ext 1897 gold_xo•
447 1849
Second mortgage (extended in 1879) gold__zo°
447 1853
zoo
Third mortgage (extended in 1883) gold
FnlIrth mnrttnnyn (.:tnntinr1 In 155111 trold
70
.
475 1857

Par
Value

When
Payable

[VOL. 100.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Amount
Outstanding

Rate
%

1.000
1.000&o

$300,000
60,000

5g
5g

J & .1 July 1 1935
M & N May 1 1955

1,000
100 &c
500
1.000
50
50
1.000

500,000
464,400
92.500
295,000
497.750
2,126,900
495,000

4
4
4g
4g
5
6
4g

J &
J &
J &
J &
J&D
.1. &
M &

1.000

500.000

5g

Merchants' Trust Co Balt
Guaranty Trust CaN
' 'V

J Jan 1 1958
406 Lafayette Bldg. PI91
J July 1 1958
do
do
J July 1 1958
do
do
J 1936
Safe Pep & Tr Co, Bait
15 Dec 151914234 Reading Term, Phila, Pa
J Jan 18 1915 3%
do
do
S Mch 1 1958
do
do

M & N Nov 1 1935

Guar Tr & S D Co. Plana

F & A16 Feb 16 1942
Lloyds Bank, Ltd., Lond
41 &c 41,438.356
4
5 g A & 0 Oct 1 1947
Equitable Trust Co, N Y
1.000 3.000.000
5 g A & 0 Oct 1 1951
do
1.000 1,792,000
do
5 g A & 0 Apr 1 1928
do
1.000
372,000
do
5 g J & J Jan 1 1951
do
1.000 2,500.000
do
do
1.000 3,000,000
5 g J & J July 1 1951
do
do
1,000
240.000
5 g J de J Jan 1 1916-1935
do
71 Broadway, New York
1,000 10,000,000
5 g 14 & N May 1 1941
6 g A & 0 Apr 1 1940
Glens Falls Trust Co
1,000 See text
I M Taylor & Co, Boston
192.000
6 g J & J July 1 1941
1,000
400,000
6 g M & N May 1 1944
Columbia Tr Co N Y
May 1 1944
Columbia Tr Co, N. Y
80,000 Up tog%
Nat Bank of Comm 11 I
500.000
5 g J ds .1 July 1 1924
1.000
Broad St Station. 'Phila
AS & N Nov 2 1914
50
500.000
5
J & J Jan 2 1915
do
7
50
500,000
do
do
4
J & J Jan 1 1950
963,000
do
1.000
A & 0 Oct 1 2862
do
5
do
500
570,000
Q-M Mar 10 '15 1 M Union Trust Co. N Y
50 2,000.000
7
Q-M Mar 10 '15 13i
do
do
7
50 1.649.850
do
do
1.000 4,033,000
334 g I & J July 1 1940
100 112,378.900
100 16,000.000 See text Semi ann April 1907 2% J P Morgan & Co. N Y
do
do
100 47.892.400 See text Semi ann April 1907 2%
1,000
1,000
1.000
1.000

ORGANIZATION.-Controlled since April 1887 by the I linois Central
RR., which owns nearly all the $11.759.500 stock and has ssued its own
bonds on the road; the only D. & S. C. bonds held by the public are the Iowa
Falls & Sioux City 7s. $2.800,000. Lease. V. 79, p. 1274; V. 89. P. 470
DULUTH & IRON RANGE RR.-Owns Duluth to Ely, Minn., 117.22 m.;
Tower Jct. to Tower, 1.40 m.• Allen Jct. to Virginia, 24.58 m.; McKinley
to Drummond, 15.02 m.; Mesaba to Dunks
to Eveleth, 9.06 m.• Waldo '
' branches, 12.21 m.; branches and spurs. 93.15 m.:
River, 18.29 m.; other
trackage to Union Depot. Duluth, 0.80 m; total, 291.73 miles Second
track and sidings. 249.70 M. Owns ore docks and yards on Lake Superior
costing over $1.500,000.
STOCK, dos -Stock, auth., 410.000.000; out., $3,000.000. Federal
Steel Co. (see U. S. Steel Corp.) owns the stock and $3,500,000 of the $4.500.000 2d mtge. bonds. (V.66, p. 1237.) First mtge. bonds 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%.
Gross, $2,730,862; net, $1,160,306
EARNINGS.-6 mos., 19l4
Gross, 4,796.138; net, 2,622,296
1913
July 1 to Dec. 31.
Year ending June 30 1914. gross. $6,518,526; net, after taxes, $2,702,626;
other income. $436,022: int. rentals. &c., $798,350; sink., &c., funds,
In 1912-13. gross. $7,121,719; net,
'
$240,727; bal., sur., $2,099.571.
$3,462,075.-(V. 93, p. 1190.)
DULUTH MISSABE & NORTHERN RV.-Owns from Stony Brook to
Mountain Iron. Minn., 48.32 m.: Missabe Jet to Columbia Jct , 29.34 m
Iron Jct to Biwabik, Minn., 15.37 m.; Wolf to Hibbing. Minn., 17.26 us.;
Wolf to Virginia. Minn. 6.30 m.; Hull Jct. to Hull Rust Yard, Minn.,
18.15 m.: main line branches, 36.53 m.: branch from Alborn northwesterly
to Buckeye Mine, 53 m.; other branches and spurs, 137.11 miles: trackage
to Union Depot,Duluth, 1.9 ;tn.; total,363.28 m.;second tracks and sidings.
297.14 m. Owns extensive ore docks at Duluth. Entire 44.112,500 stock
controlled by U. S. Steel Corp.
BONDS.-Ot the gen. 5s of 1906, bonds are reserved to retire the underlying bonds: additional bonds may be issued at not over 430,000 per mile for
additional single main track and 420,000 for second, third and fourth main
tracks and for not over 75% of the cost of equipment and Improvements.
Sink, fund of 2% yriy (incl. bonds ins.Li retires by lot at 105. V.88,P.822;
V. 98. p. 1693. 1844.
DIVIDENDS paid fiscal years ending June 30: 1904. 150%; 1906. 110%
1908.110%;1909,145%;1910,240%;1911.125%;1912,100%; 1913,85%;
1914, 75%.
Gross, $3,192,728; net, $1,651,847
EARNINGS.-6 mos..f1914
July 1 to Dec. 31. 11913
Gross. 5,584,811; net, 3,308,290
For year ending June 30 1914, gross, $7,311,844: net, after taxes, $2,885.287; other income, $111,985: interest, rentals, Sic., $666,101; sink. &c.,
funds, $483,790; bal., sur., 81,847,381. In 1912-14, gross, 58.476,104:
net after taxes, $4,279,601.-(V. 98, p. 1693, 1844; V. 100, p. 308.)
DULUTH SOUTH SHORE & ATLANTIC R Y.-Operates Duluth to
Sault Ste. Marie, 415 miles; "Soo" Junction to St. Ignace. 43 miles; other.
143 miles; total. 627 miles. including 26 miles of trackage.
CAPITAL STOCK.-Common, $12,000,000; pref. 6% non-cum., $10.000.000; par, both $100. Can.Pao.July 1 1914 owned 46,100.000 com.and
85.100.000 pref. stock. 43.000,000 Incomes and $15,107,000 consols.
BONDS. &c.-Abstract first mortgage, V. 45. p. 274.
The first consolidated mortgage of 1890 has Interest at 4%, guaranteed
by Can. Pac., which July 1 1914 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 420,000 per mile of new lines. Due Canadian Pacific By, June 30 1914
for guaranteed interest advances, 48,033,635.
LATEST EARNINGS.-1914
Gross,$1,501,752; net,$284.025
6 mos., July 1 to Dec. 31. 1913
Gross, 1,881,037; net, 391,335
Deficit after charges, $24,552, against def. $224.445 in 1913.
REPORT.-Report for year ending June 30 1914 in V. 99, p. 890.
Of the tonnage in 1913-14, ores furnished 28%, lumber, die.. 33%.
YearCross.
Oper.Inc. Other Inc. Charges. Bat-Def.
1913-14
53,412.575 $405.790 $26,819 4983,598 $550.989
1912-13
3,412,832
473,389
34,472 1,045.381
Pres., A. B. Eldridge, Marquette. Mich.-(y. 99. p. 467. 8900537,520
DULUTH WINNIPEG & PACIFIC RV.-Owns entire 42,000,000 stock
of Duluth Rainy Lake & Winnipeg Ry., Virginia, Minn,. north to the Canadian Northern at International Falls, 98 miles. giving that road access to
Duluth and Two Harbors at the head of the Great Lakes, and built from
Virginia to Duluth, 81 miles, completed Dec. 1912; also has branches
and spurs for industrial and mining purposes and docks at Duluth. with valuable sites for terminals. V.87. p. 1605. 1664: V.88. p.583. 623. 882. 1252:
V. 91, p. 1322. Capital stock auth., $6,000,000; Par, $100. Controlled
by Canadian Northern Ry.. V. 98, p. 1601.
SECUR/TIES.-The first mtge.4% deb.stock of 1910 is guar., p. & L. by
the Canadian Northern Ry. Of the 410,500,000 auth. issue, $4,866,666
(£1,000.000) has been sold.41,525.000 was issued to retire existing securities,
42,000.000 is reserved to retire the Duluth Rainy Lake & Winnipeg bonds
bonds to be available for
at maturity. Jan. 1 1916, the remaining
of the D. R. L. & W. bonds in 1916
further extensions, &e. On payment
the
so that the deb, stock will
to
transferred
company,
be
will
property
Its
miles, the D. R. L. & W. stock in the meanbecome a first charge on 173
trustees, the National Trust Co. of Toronto and
time being vested with theCo.
V. 90. p 1490; V. 91, p. 154, 1322.
the British Empire TrustLake Co.,
which formerly owned the D. R. L. a.
The Virginia & Rainy
latter's bonds. V.81. p. 558,613, 1848;
the
on
interest
the
guarantees
W.
p. 1518; V 89. p. 1279.
85,
V.
158;
V. 82. P. 751; V. 84. p.
gross, $1.743,894: net'
EARNINGS.-For year ending June 30 1914.
taxes, die., $610,689; bal., def.,
$365,324; other income, $6,877; interest, net, $465.300.-V. 90,
p. 1490;
$1.339.393;
gross.
$238,488. In 1912-13.
V. 91, p. 1574.)

2,482,000
2,149.000
4.617.000
2.926.000

4g M
5g M
41.4 g M
5a A

& N May 1 1947
& S Sept 1 1919
& S Molt 1 1923
& 0 Oct 1 1920

do
do
do
do

do
do
do
do

DURHAM & SOUTH CAROLINA RR.-Durham, N. C., south 30 miles
to Bonsai on the Seaboard Air Line. Stook, $300.000: par. $100.
Bonds, see table. Year 1912-13. gross. 8100,248; net, $49,248; int., taxes.
&c.. $29.005; surplus, $19,343. Pres.. Ernest Williams, Lynchburg. Va.
-(V. 90. p. 1424.)
DURHAM & SOUTHERN RR.-East Durham to Dunn, N. C., 57 miles;
Durham to East Durham. 2 miles; total, 59 miles. Stock authorized.
$2,000,000: outstanding. 41,350,000, of which $750,000 issued Jan. 1 1912
to retire bonds; par, $100. For the year ending June 30 1914. gross.
$326.843; net, $162,080: other income, $2,683; taxes, $16,250: charges,
$11,726; divs. (11%),$189,000; surp. from 1913, $94,301. Divs. of 24%
were paid in 1910-11: in 1911-12,24%; in 1912-13, 14% and in 1913-14.
11%. Pres., B. N. Duke, N. Y.; Sec., A. B. Cauther. '
Office, Durham.
DURHAM UNION STATION CO.-Owns passenger station at Durham.
N C.. opened May 1 1905 and used by the Southern Ry., Seaboard Air Line
Ry., Norfolk & Western Ry. and Durham & Southern, which each own onefourth of $33,300 stock. Lease provides for rental by several lines sufficient
to pay int, and other charges Pres., H W.Miller: Sec., C. N. Freeman.
EAST BROAD TOP RR. & CO AL CO. (Pa.)-Owns from Mount Union,
Pa. to Woodvale, Pa., 31.13 miles: Orbisonia to Neelyton, Pa., 10 m.;
Rocky Ridge to E vanston. Pa., 4.93 in.: total, 46.06 miles. See V. 75,
P. 77. A coal road opened in 1874. In Dec. 1913 absorbed Shade Gap
RR. and Rocky Ridge RR., total 14.93 leased lines. V. 97. p. 1663. 1822.
Stock, $938,825 (par $50), of which $246.750 is 6% non-cumulative pref.
First mortgage 4s (5500.000) extended in 1908 to Jan. 1 1958. Second
mortgage 4% income bonds, 4464.400, due Jan. 1958. given in 1908
for back Interest from 1885. Year 191344, gross. $333.844; net, 4188,280:
other Inc..39,230; bit., taxes, &c., $52,962; bal., sun, 4144,548. Office.
406 Lafayette Bldg., Phila.-(V. 77, p. 145; V. 97, p. 1663. 1822.)
EAST CAROLINA RY.-See page 140.
EAST MAHANOV RR.-Owns from East Mahanoy Junction to St.
Nicholas and branches, 11.02 m.; 2d track. 4.26 m.; total track 21.09 m.
Re-leased Dec. 1 1896 for 999 years to Little Schuylkill Nay. RR. & Coal Co.
at 5% on stock,and lease assigned to Phila. & Reading Ry. Of the stook.
4280,000 was deposited by Reading Co. under its general mortgage.
EAST PENNSYLVANIA RR.-Owns Reading, Pa.. to Allentown. Pa.:
35.40 miles, double tracked; all track, 97.65 m. Leased for 999 years
from May 1 1869 to the Phila. & Reading RR.at a rental of 6% per annum
on the stock and interest on the bonds. Lease assumed in 1896 by the
Phila. & Read. Railway Co. Of the stock. $1.275,300 was owned by Reading Co. June 30 1914, 41,271,450 being deposited under gen. mtge. of 1897.
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.-A narrowgauge road from Johnson City, Tenn., to Cranberry, N.C.,34 m.; also Johnson City to Hampton, Tenn., 15 m.. third rail. Controlled by Cranberry
Iron & Coal Co. The same interests in 1913 purchased Linville River By..
Cranberry to Pineola, 12 miles, 3-ft. gauge. V. 96. p. 1156. 1296.
Capital stock, $501.900. Dividends, 4% paid since 1908-09; in 1909-10
8%; 1910-11, 9% & 10% extra; 1911-12. none; 1912-13. 18%; 1913-14.
& 13% extra. For year ending June 30 1914, gross. $211,386; net,
after taxes. $87,440; other income, $8,509; hire of equipment, 528.534;
bal.,sur.,$67,415. Pres.. F. P. Howe, Johnson City-(V. 96. p • 296.)
Ky., 36 miles.
EASTERN KENTUCKY RY.-Riverton to Webbville.
par. 4100. No bonds.
Stock, common. $1.697.800; pref., 41,779,500:
Year
1913-14.
gross.
$69,857.
1914.
Loans and bills payable June 30
$247; bal..
$50,062: oper. def., $10,794: other income, $467;p.deductions.
1362.)
-(V.
90.
Weld.
Minot
C.
Pres..
$11,828.
•
def.,
EDMONTON DUNVEOAN & BRITISH COLUMBIA RY.-Seep. 140
CO.-Owns the El Paso & Northeastern
EL PASO & NORTHEASTERN
to Corrizosa, N. M., 144 miles, with
RR. and By. from El Paso, Tex.,
El l'aso & Rock Island Ry., Carribranches, 25 m.: controls and operates
Toto
no
.m
Itoya.r,i.AN
ord
oortary Sacramento Mtn.M
ia.m
gso
ma
:
maaw
3i;roA;laD
0
8.m
a
t ,.12
itt.,Ittoosix
z
gosra
doto
NSata.
Tyrone,
N.
M.,
13
m.;
total,
miles.
Jct.
to
470
RR.,
132 m : Burro Mtn.
Ry. & Coal Co. in 1905. Operated
Name.changed from Now Mexico
& Southwestern Co., lessee (V. 100. p. 549),
as eastern division of El Paso
in Rock Island Co.; see V.98. p.354.
which owns a minority interest
RR., El Paso, Tex., to Tucson, Ariz., &c.
Western Div. Is El Paso & S. W.
was Incorporated in 1902 with $2.500.000
The El Paso & Rock Island RY.
Northeastern Co.) and 42,500,0005% guaranstock (owned by the El Paso & close
traffic agreement with Chicago Rock
has
It
bonds.
-year
50
teed
71, p. 1219.
Island St Pacific for 999 years. V.stock
$100,000. has issued 53.000.000
The Dawson By. & Coal Co.,
collateral trust bonds, which are guaranteed, principal and interest, and are
secured by the stock and bonds (43,000,000 each) of the Dawson Ry., and
those of the Dawson Fuel Co. (81.000,000 each), the latter owning about
25,000 acres of coal, mineral and timber lands, being sold in 1905 to the
V.73, p. 900; V. 74. is. 776; V.87, p. 1604, 1536.
Stag Canon Fuel Co.$12,000,000,
all of one class. In May 1905 Phelps.
STOCK.-stock.
Dodge & Co. Interests, it is understood, acquired entire stock of system.
BONDS.-The New Mexico By. & Coal Co. coll. trust 5s of 1897 are
Paso & N. E. Ry. of New Mex. (42.secured by the stook and bonds of ElPaso
& N. E. RR. of Texas, $300.000
700,000 of each), the stock of the El($100,000)
and all the bonds ($1.500.the stock
(no bonds issued), and all Fuel
the
latter
covering 3.500 acres of coal
Co..
Mexico
000) of the New
lands. Of the first and consolidated and coll. trust 5s of 1901. 43.000,000
are reserved to retire the coll. trust 55 of 1897 and $2,000,000 are applicable
for Improvements, &e. V. 74, 0. 776. The other issues!are guaranteed.
Gross, $3,780,490; not, $1,470,159
6 11103..11914
EARNINGS.
Gross, 4,381,062; net. 1,467,201
July 1 to Dec. 31. 1 1913
REPORT.-Report of entire El Paso & Southwestern Co. system (1,028
miles) for year ending June 30 1914, in V. 100, p. 519, showed gross, $9,057.553; net, after taxes. $2,927.853; other income, $1,399,766; charges,
$1,317,901; thy's. (5%),$1,236.884; bal., sur., $772,834. In 1912-13, gross
$8,657.716; net, $3,126,828. N. Y. office, 99 John St.-(V.87, p. 1605.)
EL PASO UNION PASSENGER DEPOT.-Owns depot at El Paso, Tex.,
Which was completed about Nov.1 1905. Leased by El Paso Northeastern
El Paso Southwestern, Galveston Harrisburg & San Antonio (So.Pao. Sys.),

FEB., 1915.1

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
I Miles Date
[For abbreviations, &c., see notes on first page.] !Road Bonds

Par
Amount
Rate
When
Last Dividend
Value Outstanding
Payable and Maturity
%
Erie RR (Concluded)-5th mtge (ext in 1888) gold_xc*
475 1858
500 &o
709.500
4 g J & D June 1 1928
Erie Ry 1st M Buff Br Hornellsv to Attica gold-z0
60 1861
200 &e
182,400
4 g J & J July 1 1931
First consol mtge 530.000,000 gold $ or £_F.zo•
526 1870
1.000 16.891,000
7 g M & S Sept 1 1920
N Y LB & West first consol mortgage gold
zc•
526 1878
500 &O 3.699.500
7 g M & S Sept 1 1920
Buffalo N Y & Erie 1st M (Buffalo to Corning)_xc•
140 1876
1.000 2.380.000
7
J & D June 1 1916
Buff & S W 1st M gold ext 1908 red 105 gold xo•
67 1877
50 deo 1,500,000
5
g J & J July 1 1918
Newburg & N Y 1st M gold extended in 1889_ _ va•
12 1868
1.000
250,000
5 g J & .1 Jan 1 1929
Ch & Erie 1st Mg (Marlon 0 to Ham'd Ind) _Ce.zo•
250 1890
1.000 12.000.000
5 g If & N May 1 1982
Erie.& Jersey 1st M g s f red text
G.c*&r*
39 1905
1,000 7,400,000
6 g J & J July 1 1955
Genesee River first mortgage, closed
32
6,000,000
6
50 years
Chicago & Atlantic Terminal first mtge gold_Cez
_-_ 1888
1.000
300.000
0
g J & .1 July 1 1918
B-Erie Railroad Company Bonds
Second mtge on Buff & S W gold ext 1908_ _ -0.303•
67 1895
1.000 1.000.000
5 g J & .1 July 1 1918
Prior lien bonds $35,000.000 gold
F.xc•&r
___ 1895
1,000 35,000.000
4 g J & J Jan 1 1996
General lien $140,000.000 gold
F.xo•der
___ 1895
1,000 35,885.000
4 g J & J Jan 1 1996
Penn coil trust M $36,000.000 g s f (text) Ba.xo&r
-_- 1901 1,000 &o 34,000,000
4 g F & A Feb 1 1951
First cony NI $50.000,000 gold Series A__ (1.xo• &r.
--_ 1903 1,000 deo 10,000,000
4 g A & 0 Apr 1 1953
do
do
do
x
Series B
1905 1,000 ito 11.015,000
4 g A - & 0 Apr 1 1953
Refunding and improvement mortgage (see text)See text
Coll tr g notes $13,500.000 red 102____Ba.ye&r • ___ 1914 1,000 &c 13,500.000
534 g A & 0 Apr I 1917
One-year coliat gold notes $4,550,000
1914 1,000 &c 4.550.000
5 g A & 0 Oct 1 1915
Three-year collet gold notes
Ba.xc•
1912 1,000 &c 10,000,000
5
g
A & 0 Apr 1 1915
Notes gold due $90,000 yearly V.94. p. 1695
1912
4,500
June 1 '15-'17
5
Avon Genesee & Mt Morris and Rochester & Genesee Valle y Stec ks-See t hose270,000
Camps rites.
C-Bonds on Properties Controlled by Ownership of En tire (•) or a Maj ority (b) of Capital S took, or by (c) Lease
Bergen Co 1st M Rath Jot to Rldgew ext 1911 ___x
10 1881
1,000
200,000
A & 0 Apr 1 1921
5
cGoshen & Deck't'n 1st & 2d Ms ($60,000 are 2d),,z
- _ '68-'69
246,500
Various 1928-1929
6
cMont & Erie 1st & 2d Ms ($40,500 are 2d)
z
'66-'67
170.500
Various 1926-1927
5
Jefferson let & 2d Ms eat in '87 & '89(H'daleBr)_xc
8'67-'69 500 dco
300,000 414 & 61 & J July 1 1927-29
1st If Carbon to S depot g ext'09 red 105._FP.x0•
37 1889
1,000 2,800,000
5 g A & 0 Apr 1 1919
Long Dock Co cons M g (now 1st M) (see text)_xc•
-__ 1885
1,000 7.500.000
6 g A & 0 Oct 1 1935
eN Y & Greenw L prior lien M $1.500,000 gold_ _ Nx
52 1896
100 deo 1.471.600
5 g M & N May 1 1946
bNew Jersey & New York 1st M ext in 1910-x0•
34 1880
500 &43
400,000
If & N May 1 1940
5
General mtge $1,200,000 (red 105 after 5 yrs) g _x
___ 1892
500 die
629.500
J & J Jan 1 1933
5
N Y L E & W C RR 1st M "lawful money"_Mp.zo•
--- 1882
1.000 1.100,000
If & N May 1 1922
6
our
NYLE&WD&ICo ex '13red text(V96,131776)F.xc*
-- - 1883
1.000 3.396,000
5
g
J
& J July 1 1943
NY Pa & Ohio prior lien mtge gold $ or £___F.zo
422 1880
500 dcc 8.000.000
g M & S Mch 1 1935
Do Leased lines-see separate statements for CI evelan d & M ahonlng Valley RR and414
Shar on Ry
N Y Susquehanna & Western-Northern New Jersey- T logs R R-See e ach compan y
Evansville & Indianapolis-See Chic & East Illinois
Pvanaville & Terre I-tante-See Chleafro & East Illinois

55.
Places Where Interest and
Dividends are Payable
J P Morgan & Co. N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

do

50 Church St. New York
New York and London
50 Church St. New York
do
do
do
do
do
do
do
do

do
do

50 Church St, New York
50 Church St. New York
Fidelity Trust Co. PhIla
50 Chttrch St, New York
J P Morgan & Co. N Y
do
do
do
do
do
do
do
do
do
do
do
do

Atch. Top. & Santa Fe, Texas & Pao. and Mex. Cent, railroads on a wheelCOAL AND STEAMBOAT PROPERTY.-The Erie coal properties repage basis providing for maintenance and all charges. Stock authorized. resent
an aggregate of 12,400 acres of anthracite, of which about 9,000 acres
$240,000; outstanding, $88,800; owned equally by six roads named. Of are held
in fee; also 53.000 acres of bituminous coal lands held in fee, 14,000
bonds (see table above). $12,000 mature Jan. 1 yearly, beginning 1916. acres of bituminous
held under mineral rights. Its coal and coke tonnage in
V.78. p. 104: V. 81. p. 1043. Pres., J. W.Everman: Sec., W. R. Martin: the year 1913-14 aggregated
17.819.134 out of the 38,125,409 tons hauled.
Treas.. U.S. Stewart.-(V.82. p. 1496.)
The Union Steamboat Line (merged in Erie RR. Co. June 30 1896) has
terELM N JOLIET & EASTERN R Y.-Owns from Waukegan, Ill., on Lake minal. &c., properties in Buffalo and 8 lake steamers. See V. 63, p. 514.
Michigan, via Spaulding and Joliet, to Porter, Bid. 129.94 miles, and The Penn, coal properties acquired in 1901 are
additional.
V.
82.
p.
1322.
branches Normantown to Aurora, 9.65 m.-Walker to.South Wilmington,
STOCK.-Prior and general lien bonds of 1895 have 10 votes for each
III.-33.30 miles; Hammond to Whiting Ind.. dce. 7.08 miles; Griffith to $LOW
of principal, their authorized
aggregating $175,000 000, of
Cavanaugh, Indiana, 7.07 miles; Rockdale
'
Junction to Rockdale, 6.57 which $84.724.000 issued to July 1913.issues
Provisions of preferred stock were
miles; Cavanaugh to Shearson. Indiana, 2.64 miles; total main line
owned. 196.25 miles; spurs to coal mines, &o., 38.60 miles; track- In "Supplement" of April 1897, page 3. V. 66. p. 335. 573.
age, 234.65 miles; 2d track, 41.70 m.; side and yard tracks owned, 161.29 m.; DIVIDENDS (cash) %1 '01. '02. '03. '04. '05. '06. 1907. '08 to Oct.'14
total, 672.49 miles. Also leases Chic. L. S. & East., 14.97 m., with 442.36 On first preferred
134 3 334 4
4
4
Apr., 2
0
m. branches and spurs and 16.07 miles 2d track for 60 years from June 1 On second preferred__ _
__ 2 4
Apr.,2
0
1909, and, with the U.S.Steel Corp.. guarantees Its $9,000,000 434% bonds,
BONDS.-First consol. mtge. of 1895 for $175,000,000 (Farmers'
P&L V. 89, p. 1410. Controlled by U. S. Steel Corporation.
Loan & Trust Co., trustee)-see abstract, of deed, V.62, p. 89,secures the
STOCIL-410,000,000, as Increased from $6,000,000 in June 1909; par, $35.000,000 prior lien and $140,000,000 general lien bonds. Both series
have voting power; see "Stock" above; also Issue of Feb. 1912.
$100. Dividend, 4% yearly On Dee.) in 1899 to 1914.
Of the $140.000,000 general lien
592,668.000 were reserved for the
EARNINGS.-6 mos.,j1914
Gross, $4,249,402; net, $1,578,900 ultimate acquisition of bonds andbonds,
guaranteed
left undisturbed on
July 1 to Dec. 31.
(1913
Gross, 6,295,131; net, 2,028,865 various parts of the system (see list, V. 62, p.stocks
89), and $17,000,000 were
Yr. end. June 30. Gross.
Net,
Other Inc. Charges.
Surplus. reserved for new construction, betterments. additions. &o. after 18971913-14
$11,252.392 $3,070,291 $125.770 $3,054,634
$141,427 not over $1,000,000 to be used in any,one year. In July 1914 535,885.000
1912-13
.13.350,782
5.434,382
120,810
3,051,630
2.503.563 general lien bonds were In hands of public. 513,839.000 additional being
1011-12
10,720,751
4,294,150
86,353
2,426,454
1,954.049 deposited under collateral trust notes-see below. On Dec 24191332,000.Pres.. A. F. Banks.-V.89. P. 1410.
000 gen. lien bonds were authorized to be Issued for impts. V.97, p.1898.
ELIZABETHTOWN TERMINAL RR.-Projected from Westport,
The collateral trust 49 of 1901 are secured by
of the entire N. Y
N. Y. on Del. & Hudson, to Elizabethtown, 8 m. In Sept. 1914 work Susq. & Western stock (526,000.000 total issue),51%
all of the Pennsylvania
had been held up by litigation between company and contractors. Stock. Coal Co.stock, and the stock of the Erie & Wyoming
Valley RR.,Scranton.
$80,000; Par $100. Pres.. G. W.Jenkins, Elizabethtown.-V.90, p• 1362.) Pa., to Lackawaxen, 65 miles, and Delaware Valley & Kingston
RR.
ELKIN & ALLEOHANY RV.-Under construction by the state of Sinking fund of 10c. per ton of coal mined. V. 71. p. 1219, 1311; V. 72.
North Carolina from Elkin. N. C., to Sparta, 37 miles, of
p. 44, and circular, p. 136, 532, 257; V. 79, p• 212; 56,221,000, included
which
Elkin
to
Veneer, 16 miles, completed June 30 1914. Stock authorized,
as outstanding, are in sinking fund.
$3,000,000;
outstanding, $436.400; par, $100. Of the First & Ref.
The cony. 4s of 1903 (550.000,000 authorized Issue) will be Issued from
gold 6s ($3,750,000
auth.), Issuable at $25,000 per mile,$192,000 are reserved
time to time as required and may be made convertible Into corn, stock at a
to
retire
the
1st
I6s.
Of the income 6a $80,000 have been issued; remainder issuable
price to be fixed when the bonds are Issued, but not less than $41 34 per
at
$5,000 share: they will cover all the
per mile.-Y.94, p. 1448.)
company's property subject to underlying Ilene.
The first $10,000,000 (series A) Issued for improvements and equipment is
ELMIRA & LAKE ONTARIO RR.-Owns from
N. Y. to convertible on basis of $100 bonds for $200
stock to April 1 1915.
Ohemung Jot., 64 m.; Sodus Point to Stanley, 34 m.;Canandaigua,
other, 2-total. 10(im.
The stockholders were to
on Feb. 23 1915 on authorizing a new
Leased at cost of operating to the Northern Central, which
owns all the Refunding and Improvement vote
mortgage,limited to 3 times the amount of the
$1,500,000 stock. Lease may be terminated on 30 days' notice.
outstanding stock. V. 99, p. 815, 1130; V. 100. p.641.
Cal. Year-Gross.
Net.
I
&c.nt, c.
Balance.
Series B bonds for 512.000.000 are convertible Into common stook
1913
$1.268,930 op. def. $61.847 $167,031 def. $228.878 $60
at
per share at any time since Oct. 1 1907 and before Oct. 1 1917. V.76,
1912
1,319,909
43.010
168.876 def. 125.866 p. 382, 541; V. 78, p. 768:
V. 79, v. 2205: V. 84. p.
-or. 98, p..763.
In Feb. 1914 sold $7.400,000 Erie & Jersey (closed)270.
1st M.and $6,000.000
ELMIRA & WILLIAMSPORT RR.-Owns from Williamsport, Pa. to Genesee River 1st M. bonds (pledged under maturity
notes the interElmira, N. Y.. 73.49 miles. Leased to the Northern Central Ry. for'
999 est rate having been raised from 4% to 6%. The Erie & Jersey bonds are
years from May 1 1863. The dive. on the corn, stock are 5% and on the subject to call as a whole or in part to July 1 1920
110, and thereafter at
pref. 7%,less taxes, making div. on corn. 4.52%, and on pref.6.32%. The 115. Cumulative annual sinking fund, $25,000, at
beginning April 1 1916.
$963.000 1st 6s due Jan. 1 1910 were extended to Jan. 1 1950 at 4%. V.89, The proceeds of the bonds are to be used to retire the 56.000.000
notes due
p. 1667. Calendar year 1913, gross. $1,783,903; net, $66,770: rental, March 1,62,500,000 of the notes due April 1, and all of the 54.550.000
due
Oct. 1. The 67,500,000 unpaid balance of the notes due
$159,692.-(V. 89, P. 1667V. 97. p.686.)
1 1915 will'
be extended for two years. Both roads are to be merged.April
V. 100, 1). 474,
ERIE & CENTRAL PENNSYLVANIA RY.-V. 96. p. 1156.
481. 397, 555, 641.
The $13,500.000 5)4% coll. notes dated April 1 1914 are
ERIE & PlITSBUROH RR.-Owns New Castle, Pa. to Girard. Pa.;
secured by;
79.56 miles; branch to Erie docks, 3.41 m.; trackage to Erie. 16.74 m.; total (a) Bonds: 614,839,0W Erie RR. Co. 1st consol. M.gen. lien
4s: $985.060
operated, 99.71 miles. Leased to Penn. RR. for 999 years in 1870 at 7% Erie RR. gen. M. convertible 50-year gold 4$, Ser. B; $600.000
Elmira
on stock and interest on bonds and lease transferred to Penn. Co. Under Corning & Waverly Ry. 1st M. 54, and $95,000 Mutual
Terminal Co. of
agreement of Nov. 1 1905 the Penn. RR. will provide sinking fund install- Buffalo 4% notes, payable July 1st 1924; and (b) stocks: $6.306,000
N. Y.
ments required by the gen. mtge., the E. & P.to deliver its 314% debentures Susq. & Western RR. pref. stock; $163,100 Lehigh & Hudson
River Ry.;
at par for such advances and at maturity of the gen. mtge. bonds to ex- 5145,700 Temple Iron Co.; $750.000
New Jersey & New York RR. Co.
change new mtge, bonds therefor. Debentures Dec. 1 1914, $439,801.
pref., and $1,000,000 New Jersey & New York RR.
common. V. 98, P.
STOCK.-The special betterment stook ($2,500,000 auth.) is subordinate 689. 763. 839; V. 99, p. 816, 969.
The $10,000,000 3-year 5% collateral notes dated April
to the old stock, but guaranteed 7% dividends. Dividends on old stock are
cured by deposit of $10,000.000 convertible 4% bonds, series1C.1912 are sesubject to a 4-mill tax on assessed value, on special betterment, tax-free.
1953. 51,000.000 gen. lien 1st consols, (also Erie & due April 1
EARNINGS.-Loss to the lessees in 1910 was $50,595; 1911. loss, and
Jersey RR.
Genesee River bonds, sold in 1915: See
$166,285; 1916, loss, $63,446; 1913, profit. $57,124.-(V. 84, p• 749.)
49. The deposited securitles can be released only on payment to above)
the trustee of the withdrawal
values.
viz.:
70%
for
the
gen. M. and Genesee River 1st M.
ERIE RAILROAD.-(See Map on preceding page.)-Embraces trunk80% for
line from Jersey City opposite N. Y. City, to Chicago. Ill.. 998 miles, and the 1st consols and 75% for the Erie & .Tersey bonds thebonds,
proceeds to be
branches, 1,446 miles; total. 2.444 miles; second track, 1,109 miles; third used to cancel notes. V. 94, p. 982, 630, 1056, 1118.
N.
Y.
Lake
Erie & Western Docks dr Impt. Co. 1st 6s were extended
and fourth tracks, 36 miles; total, all main tracks. 3,489 miles.
years from July 1 1913 at 5%;
Lines Owned in Feeare redeemable at 10234 on or bfoore
Miles
Leased LinesMiles. 30
July 1 1918 and at 105 thereafter.they
Plermont, N. Y.. to Dunkirk._ 447 Avon Gen. & Mt. Morris
V. 96. p. 1422, 1772; V.97, p. 54. 370.
•13
Long Dock 6s,see March 1894"Supplement."
Buffalo to Jamestown, N. V__ 67 Montgomery & Erie
•10
under N.Y.L. E. & W.
Buffalo to Corning, N. Y
Car Trust Series, Gold (Denomination
140 Northern RR. of New Jersey_- *26
$1,000 each). See V. 88. P. 882.
Other branches
Dale. Interest.
138 Goshen & Deckertown
•12
Outstanding.
Mature in Installments.
Stock all (a) or nearly all (b) owned. Rochester & Genessee Valley_ - *18 "11"__x____1905 4 J&D
$100.000 June 1 1915
Last installm'S
aChicago & Erie RR
"I ....x__1905 4 J&D 1,050,000
•250 Other lines
44
June'15-June
'16 $350,000 8.-a.
aJefferson RR
z. 1903_
Leased to Nypano RR.
•45
4 M&N
47,000 8.-a.
208,000 May'15-Nov 16
N. Y. & Greenwood Lake RR
*52 Cleve. & Mahontng Valley RR_ *81 "K"_ _z____1907 434 A&O
29.000 8.-a.
116,000 Aug'15-Feb '17
bNew Jersey & New York RR_ .38 Sharon Railway
•32 "L"__ _z_ _ - _1907 5 J&J
107.000 5.-a.
535,000 To July 1917
Erie & Wyoming Valley RR___
59 Other lines
.x ___1907 5 J&J
54
29,000 8.-a.
145,000
July
1917
To
aNypano Railroad
422 Trackage
278 "N"_ _x__1907 5 A&O 1.012,000 Apr'15-Oct '17
152.000 8.-a.
bTioga Railroad
"p"_x _ _ __1907 5 A&O
58
50,000 8.-a.
300,000 To Oct 1917
Other lines
159 Lines In system June 30 1914_ _2,444
-x- - --1911 434 F&A 2.990,000 To Aug 1921
2.30.000 5.-a.
• See this company.
N. Y.Susquehanna & Western- *236
x____1912 434 F&A 1,620.000 To Aug 1922
108,000 8.-a.
The Erie & Jersey RR. completed n Jan. 1909 a low-grade cut-off
"S"___x____1912 434 J&D 1,600,000 To Dec 1922
100,000 a.-a.
"T"_ _x__ _1913 5 J&D15 1,122,000 To June 15 1923
Highland Mills via Campbell Hall to Graham, N. Y., 38.6 miles, andfrom
66,000 8.-a.
the "U"
Genesee River RR. in 1910 from Hunts to Cuba, N. Y.,32.6 miles. V.84,
__z___1913 5 J&J
1,880,000 ToJan 1 '23 $117M or $118M
"V"_ _x____1913 5 J&D15 800,000 To June 15 1923
100,000 yrly.
p. 1365, 1488; V. 81. p. 777; V. 99, p. 816. (See below.)
56.000 5.-a.
952.000 To Sept 1 1923
HISTORY.-On Dec. 1 1895 succeeded, per plan In V. 61. p. 368, the "AA"..x. _1913 5 M&S
45.000 13.-a.
1914 4)4
855,000 To 1924
N. Y. Lake Erie & Western RR.Co.,sold in foreclosure under its second con- "A"-_
In 191355,000.000 new equip. trusts were authorized. V. 96, P. 1296.
solidated mtge. The company holds In fee or through ownership of all or
Series
at
Interestpaid:
"H"
Girard
York;
"J"
New
Trust
and
in
"L"
practically all the stock of the subsidiary companies the line from New Co., Philadelphia;
Series "I" at Penn. Co. for Insurances on Lives, &o.,
York to Chicago (Including the Nypano RR. and Chic. & Erie companies). Phila.:
Series "K" at National Bank of Commerce. New York- Series "M"

56

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

32 1911
Fernwood & Gulf RR-First mortgage 1500.000
Fitchburg-Preferred 5% rental
Zr
___ 1887
Bonds to State of Mass 4% since Feb 1897
zc&r
___ 1890
Bonds not mortgage
-__ 1896
zo•
Bonds not inortgage
4s
are
_zcdcr
'97)
___ '97-98
of
($2,750,000
mortgage
Bonds not
___ '00-01
Bonds not mtge ($1,775,000 are 3 Mil of '01) zodor
zc•dor
___ 1907
Bonds not mortgage $2,000,000
zo&r
__ 1905
Bonds not mortgage $3,660,000 currency
zo&r
___ 1908
Bonds not mortgage $2.400,000
zo&r
--- 1912
Bonds $1,350.000 authorized currency
z
1913
Bonds $450.000 authorized
z
1914
Bonds $2,100,000 authorized
Bonds $2,550,000 authorized
35 1874
Troy do Boston first mortgage (V 53, p 405)_ __ze&r
___ 1903
Vermont & Massachusetts plain bonds guarzo&r
30 1907
Fitzger Ocilla & Broxton-lst M $300,000 g red 110_x
Flint & Pere Marquette-See Pere Marquette statem't
59 1909
Florida Ry-First mortgage $4.000,000
Florida Central & Peninsular-See Seaboard Air Line Ry
690 1909
Florida East Coast-lst M $12,000,000 g__Ba.ao•&r•
x
General income M 5% non-cum $25,000.000
1909
Equipment trust certs ser A,due $50,000 yearly--_- 1914
Florida West Shore-See Seaboard Air Line.
Fonda Johnstown & Gloversville-Common stock--_
--_-- Pref stock 6% cum call at 105 $1,000.000 auth____
-----zo
Consolidated mortgage $200,000
26 1881
First consol refunding mtge $500,000 gold-N.xo•
26 1897
General refund mtge 1800.000 (V 71, p 34) N.xo•
26 1900
Johnstown G do Kingsboro 1st 11 assum ext 1913_z
4 1893
Cayadutta Eleo 1st M guar p & I by FJ & 0 gold_ Nz
14 1892
First cons gen ref Ad $7,000,000 g red 120__N.xe•&r
75 1902
Fort Dodge Des M & Sou RR-lst Mg red par__OB
-_- 1913
-__ 1904
Fort Smith & Western-1st Doi $7,500,000 gold-xo•
___ 1891
Cex
Fort Street Union Depot-lst M gold
Mortgage (part 1st and part 2d Id) gold
-- 1895
Cex
Fort Wayne & Jackson-Preferred stock 534% rental
98 --._

Par
Value

Amount
Outstanding

1500.000
$100 18,860,00
1.000 5,000.000
500,000
1.000 &o
500,000
1,000
1,000 &o 4,200,000
1,000 &o 2.275,000
1,000 &a 2,000,000
1,000 &o 3,660.000
1,000 &c 2,400,000
1,000 &o 1,200.000
1,000 &c
400.000
1,000 dm
1,872.000
none Dec'14
573.000
1,000 &o
1,000 &o
772,000
150,000
1,000

Rate
%

When
Payable

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

bd & N May 1 1936
6
Q-J Jan 1 '15 134% Office, Boston & Ide,Bost
5
Office FitehburgRR,Bost
M & N Feb 1 1937
4
do
do
J & D June 1 1920
4
do
do
J & J July 1 1916
4
do
do
Various 1927-1928
4
do
do
334 A & 0 Oct 1 1920-21
do
do
A do 0 Apr 1 1927
4
do
do
II do N May 1 1925
4
do
do
434 111 & N May 1 1928
do
do
434 J & J Jan 1 1932
do
do
434 .1 & 1 Jan 1 1933
do
do
.1 & J Jan 1 1934
5
.1. & J July 1 1924
7
8% Id & N May 1 1923
J & J July 1 1937
g
6
J & J July 1 1959
5

do
do
do
no
Owned by At1B & C'stCo

Nov 1908 coup last paid
100 See text
Bankers Tr Co. 120 Sway
434 gJ & 1) June 1 1959
1,000 &c 12.000.000
New York
25,000.000235% pd Nov 1'14 July 1 1959
M & N May 1 1915-'22
5
400,000
1,000
100
100
100 &o
1,000
1,000
1.000
1,000
1,000
1.000
1,000
1.000
100

at Girard Trust Co.. Phila.; Series "N" at First National Bank. New York:
Series"0"at Central Trust Co., N. Y.; Series"Q"at Fidelity Tr. Co.,IPhila.:
Series "T" at Columbia-Knickerbocker Trust Co.. N. Y.; Series "V" at
New York Trust Co., N. Y.; Series "V" at N. Y. Trust Co.; Series "A" at
Commercial Trust Co., Philadelphia.
FINANCES.-In Feb. 1915 a new Refunding and Improvement mortgage was proposed. V.99.p. 815. In Feb. 1915 sold two issues ($13,400,000) of 1st M.6s. In July 1912 made a traffic agreement with the Baltimore & Ohio. V. 95. p. 236.
EARNINGS.-For 6 months ending Dec. 31 (V. 100, p. 474):
Interest.
Balance
Other
Six
Gross Oper. Net (after
Income.
Rents. &c. Surplus.
MonthsRevenue.
Taxes .
1914
$31.216,709 $6.830,056 $1,240,520 $7,299,075 $771.501
429,863
7,664,354
1.082,855
1913
32.548,958 7,011,362
ANNUAL REPORT.-Fiscal year changed to end Dec. 31. Report for
Editorial
in
p.
length
99,
1146.
V.
1125,
at
given
30
year ending June
1914
page 1178. Statement as to reconstruction and development ofproperty
and expansion of earnings, V. 100. p. 474, 481.
1911-12.
1913-14.
1912-13.
2,257
2,257
2.257
Miles operated
$60,983,575 $62,647,359 $56.492.370
Gross earnings
48,224,007 46,146,760 42,508,253
Working expenses
Net earnings
Interest on securities
Ren ts,drc.. received

[VOL. 100.

RAILWAY STOCKS AND BONDS

$12.759,568 $16.500,599 $13,984,117
$1,797,509 $5,147.900 $3.799,697
945,742
1.055,145
985,911

$15,612,222 $22,634,411 818,043.156
Total net income
$7,729,358 $7.757,896 $8,670.766
Interest on bonds
1.033.125
1,501,500
1.509.917
Interest on notes
2,251,799
2,226,702
2,252,223
Rentals of leased lines
2,242.362
2,261.033
Hire of equipment and joint facilities.. 1,587,686
586,002
760,367
643,097
Interest on car trusts
568,299
1,135.926
878,506
Sinking fund and miscellaneous
582,452
502.743
657,588
Additions and improvements
$159,523 56,682,568 $2.794.751
Balance, surplus
OFFICERS.-Pres., F. D. Underwood: V.-P. and Gen. Solicitor. G. F.
Brownell; V.-P., G. A. Richardson; V.-P. and Sec., David Bosman:
V.-P. and Gen. Traffic Mgr., Delos W. Cooke; V.-P., Albert J. Stone
Treas., D. W. Bigoney; Comp., C. P. Crawford, 50 Church St., N.Y.
DIRECTORS.-Chas. Steele, J. J. Goodwin, John G. McCullough
Ogden Mills, F. D. Underwood, Francis Lynda Stetson, Geo. F. Baker,
Charles A. Peabody, Geo. W. Perkins, It. S. Lovett, L. F. Loree, H. P.
Davison, E. J. Berwind, Wm.P. Hamilton, Mitchell D. Follansbee, Robert W. Pomeroy.-(V. 100. p. 139, 397, 474. 481, 555. 641.)
EVANSVILLE & TERRE HAUTE RR.-See Chicago & Eastern Illinois
FERN WOOD & GULF RR.-See page 140.
FITCHBURG RR.-System extends from Boston, Mass., to Troy and
Rotterdam, N. Y.. 251 miles; branches to Worcester, Bellows Falls, deo.,
207 In.: 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. 1366.
LEASE.-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, &c. Boston & Maine holds $5.551.400 of the
$7.000.001 common stock, the remainder being in the treasury. V. 70,
p. 76. 125 176. 583 1291: V. 71, p. 29. 543; V. 72, p. 532.
BONDS,&c.-Debentures,see V. 60, p. 967: V. 84, p. 158, 270. As to
81,350.000 bonds of 1912, see V.93, P. 730, 1461. 1725. 1786: V. 94. p. 68.
3450.000 issue of 1912,see V.96. p. 359. On Sept. 24 1913 $2,100,000 were
authorized to refund $500.000 bonds due May 1 1914 and pay for additions
and impts., of which 81.872,000 have been sold; V. 97, p. 802. 950; V. 98.
p. 839, 1156. 1392. Stockholders on Sept. 30 1914 authorized $2,550,000
bonds to refund $1,359.000 bonds due March 1 1915 and provide for Improvements. V.99. p. 1748. On Dec. 1 1914 gave Boston & Maine $750,000 6 mos. notes to reimburse it for advances. V. 100. p. 140.-(V. 98,
p. 1392; V. 99, p. 816, 969, 1748; V. 100, p. 140.)
FITZGERALD OCILLA & BROXTON RR.-Owns Broxton to Ocilla'
Ga.. 25 miles, with branch to Fitzgerald, 5 m.: leases Ocilla to TrwInville,
10 in. V. 84, p. 1551. Stock, $300,000, all outstanding; par $100. The
Atlanta & Birmingham Construction Co. owns all of tho bonds and all except $75,000 of the stock. V.89. p.41. Operated by Atlanta Birmingham
& .Atlantic RR. since Jan. 11912. Soo V. 98, p. 1534, 1067. 1070, 1091.
In 1909 a protective committee for securities of Atlanta BIrm. & Atlantic
RR. requested deposits of both stock and bonds. V. 88. D. 1196. in
March 1910 receiver was appointed; E. T. Lamb was receiver. V. 92,
p. 725. June 30 1913, receiver's Ws.,815,401.
Year ending June 30 1914. gross. $13,174; net. $587; other income,
bal., def.,$11.768. V.85,
$1,609; bond int.,$7,980; other charges,$5,984:
Kemp Slaughter, Aud. for
p. 468. Recr. and Gen. Mgr., E. T. Lamb; R.
1071.)
p.
98.
Recr.-(V.
for
Treas.
Mays,
K.
Recr.; T.
Fla., 52 miles; with branches. 7 m.
FLORIDA R Y.-Perry to Live Oak,
to Fernandina and Jacksonville, 224
Authorized to build from Tallahassee
in Jan. 1911 from Live Oak
miles. Extensions were under construction
104 miles, but in Aug. 1911 construction
to Jacksonville and Fernandina.
$4,000,000; par.
authorized,
Stook
was discontinued. V. 93. p. 1786.
issue) are subject to call at 106 on any Int,
$100. Bonds ($4.000,000 auth.
mile. V. 89. p.
per
$20,000
at
issued
be
will
day after July 1 1914; they coupons due Jan. 1913 were not paid. See
1596; V. 90, p. 1362. The
gross, $52,068;
miles),
(58
1914
30
June
ending
V. 96, p. 1629. For year
bal., sur., $258. Pres. and Treas..
net, $7,297; int, and taxes, $7,039: p. 1629.)
96,
-(V.
Fla.
Frank Drew, Live Oak,
Thomasville. Ga.; south through
• FLORIDA CENTRAL RR.-Owned
completed 1908. Sold at foreclosure
timber lands to Fanlew, Fla.,47 miles;
being acquired by Atlantic Coast
portion
Florida
on Oct. 5 and 6 1914. the
p. 1300. For year
Line RR. and Georgia part byl a, Mr. Wade.-V.99,

2.500.000 See text Yearly Aug 15 '13 2% Checks mailed
do
do
Q-M Dec 15'14 1 Si%
6
500,000
Imp & Trad Nat Bk. NY
A & 0 Apr 1 1921
6
200.000
New York Trust Co. N Y
4% gJ & J July 1 1947
500,000
do
do
800.000
4 g J & J July 1 1950
FulCo N Bk.Glov'lle,NY
J & J July 1 1933
5
50.000
Farmers' L dc Tr Co. NY
A & 0 Oct 1 1922
6
350,000
New York Trust Co, N Y
4% gM & N Nov 1 1952
5,150.000
Old Colony Tr Co, N Y
5 g J & D Dec 1 1938
(7)
Oct 1907 coup last paid
4 g A do 0 Apr 1 1954
6,240,000
Trust Co, N Y
Central
Jan
1941
1
J
&
.
J
g
434
1.000.000
do
do
5 g I & J July 1 1915
312,000
2,291.416
534 If & S Mar 3 1915 2( Farmers' L & Tr Co, NY

ending June 30 1914. gross, $41,280; net, $5.138; other income $426: int.,
Pres. L. J. Phillips.-(V. 99.
taxes, &c., $46,599; deficit, $41,036.
p. 1052. 1300.)
FLORIDA EAST COAST RY.-Owns from Jacksonville, Fla., via St.
Augustine to Key West,522 m.(Including the extension from Knight's Hey
to Key West. 45 in., completed Jan. 1912; branches, 168 m.: trackage,6 m.;
total, 696 m. Completed to Miami in 1895 and has since been in successful
operation. Forms the only connection to Southern and Eastern Florida
and thence to Cuba for the Atlantic Coast Line, Southern fly. and Seaboard
Air Line. In Sept. 1911 contracts had been let for extensions from Maytown to Whittier, Pia., and Lake Okeechobee, with a branch to Ft Bassinger on the Kissimee River a total of 135 m., to be completed within 3 years
at cost of $1,500,000 or more, of which Maytown to Lake Okeechobee, 123
m. had been opened in Jan. 1915. V. 91, p. 1629. Car ferry service from
Key West to Havana,90 miles, was begun on Jan. 11915. V.97, p. 1115.
1281, 1583; V. 99, p. 406; V. 100. p. 140.
STOCK.-$10.000.000, all sold at par. Held in trust for 5 years by trus
tees of Henry M. Fiagler, who died in 1913. with option of extending trust
for 5 years. V. 96, p. 1840.
BONDS. &C.-The let M. 434s ($12.000,000 auth.. $10.000,000 sold In
June 1909, 81,000.000 in 1912 and $1.000,000 in 1914 are a first lien on 690
miles at $17,388 a mile, incl. equip.: cost in cash reported as $65.682 norm,
V. 88, p. 1620; V. 94, p. 1185: V. 98. p. 1993. Followed by $25,000,000 2d
M.Income bonds and S10.000,000 stock.
Div. on incomes, 3%%,paid Nov. 11910; Nov. 1911, 4%; Nov. 1912.
1913 and 1914, 234%. V. 97. p. 666.
Gross. $2,109,621: not, $535.071
EARNINGS.-6 mos., f 1914
Gross. 2,064,093; net, 281,448
11913
July 1 to Dec. 31.
REPORT.-Report for year ending June 30 1914(V.99, p. 1360),showed
gross, $5,334,653; net, $1,681,432; interest, taxes, rentals, &c., $940,218; int, on income bonds, 3625,000 (234 %): bal., sur., 8116,214. In
1912-13, gross. $5.021,795. Pres., W.11. Beardsley; Treas., L.C. Haines.
-(V.69, p. 406, 748, 1300, 1360; V. 100, p. 140.)
FONDA JOHNSTOWN & GLOVERSVILLE RR.-Owns Fonda to
Northville (steam). 25.47 m.: Gloversville to Schenectady (electrio).32.923
m.; Gloversville to Fonda (electric), 8.70 m.: Belt line in Amsterdam
(electric), 3.48 in.; Belt line in Gloversville (electric), 3.84 in.; Ilagaman
line (electric), 2.29 m.; second track (electric), 22.97 in. Operates under
lease branch line Broadalbin Jct. to 13roadaibin, 6.15 m.(steam); also local
line Gloversville to Johnstown (electric), 4.08 m.: sidings and turnouts.
12.99 m.; trackage, 1.99 m.; total, 100.41 miles of road (124.88 miles of
track), of which 103.22 on private right of way and 19.67 miles on streets
and highways. The Little Falls & Johnstown RR., owned by allied interests, is building an electric road from Little Falls to Johnstown. 28 miles.
1123.
with branch from St. Johnsville to Canajoharle,Smiles. V.95, p. 111.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electrio Light & Power Co. (V.71, p. 1167). V. 78, p. 29. Also a twothirds interest In stock and bonds of Adirondack Lakes Traction Co.. 4 miles.
DIVIDENDS.-On corn., 2%,July 20 1910; July 10 1911, 2%; Aug.
1912 and 1913, 2%; 1914. none. V. 99, P. 537.
is reserved to reBONDS.-Consol. 434s, 87,000.000 auth.; $1.850.000
Gloversville & Broadtire prior liens. V. 76, p. 265. Guarantees $30,000
stock.
attain 5s and 350.000 Johnstown Glov. & K. 5s and $50,000 8%
Gross, $459.943; net, $212.414
EARNINGS.-6 mos., 11914
Gross, 519,723; net, 276,412
11913
July 1 to Dec. 31.
1914. in V. 99, p. 1292,
REPORT.-Report for year ending June 30income,
$26,300; charges,
other
$492,106;
net,
$986.878:
showed gross,
100, p. 308.)
$62.707.-(V.
sur.,
bal.,
$425,69b: pref. div. (6%). $30,000;
or controls
-Owns
RR.
SOUTHERN
&
MOINES
FORT DODGE DES
and
Dodge
to Rockwell City
road from Des Moines, Ia., to Fort Ames, all extensions
equipped
for
to
steam
branch
service.
-mile
7
with
Newton,
and
Moines and Fort Dodge, with branch to
and the main line between Des
power for passenger service.
Ames, a total of 156 miles. Also with electric
Incorporated in Maine with $2,000,000 auth. stock; reorganization of comOct. 311913. V. 97, p. 1357, 1426, 1583.
pany of same name foreclosed Dodge
Street Ry. (stock $100,000). owning
1663. Also controls the Fort
and the Central Iowa Light & Power Co.
road,
electric
local
4 miles of
(stock 8300.000). V. 97. p. 1583, 1663. Bonds (open mortgage), present
authorized issue. $4,500,000 first 25-year 5s. Bonds of controlled cos.
(also open mortgages). present authorized Issues, $500.000 Central Iowa
Lt. & Power Co. 1st 25-yr. gold 53, due Dec. 1 1938. Int. J. & D. at Old
Colony Tr. Co.. Boston, trustee; redeemable at par ($1,000, &c.), and
$100.000 income demand notes: also 5100,000 Ft. Dodge St. Ry. 1st gold
6s due Dec. 1 1938, Int. J. & D. at Old Colony Tr. Co., Boston, trustee.
redeemable at par. V. 98. P. 1766.
FORT SMITH & WESTERN RR.-Operates Fort Smith, Ark., to Guthrie, 0. 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 trackage, to be replaced by company's own road. Coal properties are developed
at McCurtain. T. T.. 40 m. west of Fort Smith, producing an average of
30.000 tons per month. Owns.A% of the capital stock of the
Louis El
Reno & West. Ry., Guthrie to El Reno, 0. T.. 42 m., oper independentlY.
St.
Bonds have been deposited under an agreement extended 2 years to
July 1 1915, with a committee consisting of W. L. Brown, A. W. Mellon.
Colgate Hoyt. W.II. Conniff. W. G. Mather, J. J. Sullivan, Geo. S. Russell;
James H. Hoyt, S. H. Tolles, C. C. Bolton and A. C. Dustin (Superior Savings & Trust Co. of Cleveland, the mtge. trustee, depository), with power
to sell or exchange the same, &c. V. 91, p. 1446: V. 92, p. 527.
Stook, $5 000.000, all outstanding; par $100. Of the 4s of 1904 ($7.500,000 auth.). 15.833.000 were Issued In exchange for $5,000,000 old 5s
$400.000 are reserved to replace the 20 miles of trackage mentioned above.
$400.000 for equipment, and the balance for other purposes; Superior Say.
& Trust Co., trustee. Equipment trust notes outstanding June 30 1914,
$61,125; current liabilities, 52,426.378. V. 77. p. 88.
Gross, $369.679; op. def., $75,758
EARNINGS.-6 mos., 11914
Gross, 403,418; op. def., 49,736
11913
July 1 to Dec. 31.

FEB. 1915.1

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Par
Amount
Value Outstanding

Rate
%

When
Payable

57
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

Ft Worth & Denver City-Pref stock "stamp certts" 45
___ ____
$100 $2,539,992 See text See text Dec 31 '14 3% Guaranty Trust Co. N Y
First mtge gold S'5,000 per mile
Ba.zo*
454 1881
1,000 8.176,000
6 g J & D Dec 1 1921
Office,26 Liberty St. N Y
Equip trust Series B due ;19,000 s-a red 101--Gx
--_ 1907
1.000
95,000
5
A 63 0 Apr '15-Apr '17 Guaranty Trust Co. N Y
Gainesville Midland-First M $1.000.000 g red at 110
74 1905
1.000 See text
5 g M & N Nov 1 1935
Savannah,
Notes $400.000 auth (see text)
Ga
1913
100 &c
325,000
6
Savannah Trust Co
Oct 1 1916
Galveston Harrisb Ec San Antonio-lst Mg I gr ext_o•
256 '71-'80
1,000 4.728.000
6 ¢ F & A Aug 1 1935
Western Division 1st M (Mel & Pao eat) gold___x
Owned
Pao Co
Sou
by
671 1881
1,000 13.418,000
5 g M & N May 1 1931
do
So Pao Co 165 li'way,N Y
do
2d M "stamped" guar p & I_
2,016,000
5
do
1931
do
do
treated as incomes
1,311,000 Up to 6
Galveston-Victoria Div 1st id $10.000.000 auth___
1931
--- 1910
1,000 9,022,000
6
.1 & D June 1 1940
Galveston boast & bend of 1882-1st M.g,Ceyo•&r*
do
do
50 1913
1.000 2,000,000
5 ¢ A de 0 Apr 1 1933
Galveston Terminal-lst M $5.000.000 gu (text)-Ba.x
Central Trust Co. N Y
--_ 1908
1,000 1,006,000
6
id & S Moh 1 1938
Galveston Wharf Co-lst (r e) isi gold a t
Bankers Trust Co. NY
gc*
___ 1882
1,000
489.000
6
g
J
& J July 1 1932
First series (wharf do railroad) gold 5s sink fund..zo*
Nat City Bk, N Y,or Gal
__. 1890
1,000 1.363,000
5 g A & 0 Apr 1 1940
Second series (wharf & railroad) gold 5s a f
do
do
zo•
___ 1901
1,000
,907,000
5 g F & A Aug 1 1926
Genesee & Wyoming RR-Ist M gold $500.000_ _ _Col
do
do
16
1899
1,000
500,000
5 ¢ A & 0 Apr 1 1929
Geneva Corning Sc Southern-See NY Central RR
Columbia Trust Co,N Y
Georgia Cc Alabama-Georgia Carolina & Northern- See Se aboard Air Line Ry,
Georgia Coast & Piedmont-First M g S1,000,000-Gx
85 1906
1,000
140.000
5 g M & S Moh 1 1946
Income debentures
F J Lisman & Co, N I'
__x
1912
250,000
5
New mtge $3.500.000 auth gold red 105
Sept 1 1932
Int only pay when ear!
Colx
___ 1912
100
&c
2,000,000
5 g A & 0 Apr 1 1962
Georgia dc Fla-Common stock $15,000 per mile____
F.
J.Lisman & Co.,N.Y.
___ ____
100
5,250,000
Pref stock non-cum panic. $10,000 per mile
100 3,500,000
Millen & South 1st M
Colx
53 1905
1,000
212,000
5
g
A & 0 Apr 1 1955
Georgia & Florida mtge $12,000,000 gold__ BBaxo*
Hanover Nat Bk. N Y
284 1907
500 &o 5.595.000
5 g 3/ & N Nov 1956
Gen M g (cum Inc for 10 yrs) red par
See text
FBa.xe*
___ 1912
500 &c 2,000,000 See text F & A Feb 1
Georgia & Florida Term M $200,000 guaranteed_ __x
1 1932
Interest
from Feb 1 191:.
,
--1910
1.000
175,000
6
J & J July 1 1930
Georgia Florida & Alabama-First mtge gold _Ba.xo• Text 1904
Fidelity Trust Co. Ball
1,000 2,113,000
5 g J & J July 1 1954
Georgia Midland R y-First M gold $1.650.000 int gu_x
Bankers' Trust Co, N IT
98 1896
1,000
1,650,000
3
g
A & 0 Apr 1 1946
Georgia Pacific-See Southern Ry
J P Morgan & Co. N '4
Georgia Railroad Ec Banking Co-Stock
307 ____
100 4,200.000 12 In '14 Q-J Jan 15 1915 3% Augusta.
Bonds refunding not mortgage currency
Ga
vs
--1897
1,000
1.000,000
5
J & J Jan 1 1922
Bonds not mortgage ($200.000 are 5s)
Am Ex Nat Bk. or Aul
z
'82-'87
1,000
500,000 5 & 6 J & J Jan 1 1922
Bonds not mortgage currency (V 87. P 226, 285)-zo
do
do
--- 1907
1,000 1.000.000
4
.1 & J Jan 1 1947
Am Each Nat Bk. N 1

For year ending June 30 1914. gross. $667,148: net, $9,195; other
income, Issue) $1,106,000, guar.
$73,266; int., taxes, &c., $361,615; bal., def., $279.154.
by the Ch. R. I. & P.and Col. & Sou. were,
In 1912-13,gross. sold in Nov. 1908. V.jointly
86, p. 1100, 1589; V. 87. p. 1478. Pres.,
$726,307;net. $120,375. Pres., A.C.Dustin, Cleveland,0.-(V.
J. W.
93,p.1786.) Robins, Houston, Tex.; V.-P.,
FORT STREET UNION DEPOT.-Owns passenger station with ap- brough, both of Galveston. Tex.John Sealy; Sec. & Treas., E. R. Chem-(V.86. p. 1100, 1589; V. 87, P. 936.)
proaches, 1.4 miles. connecting with the Detroit
Union RR. Depot & StaGALVESTON WHARF CO.-Owns wharf properties extending from
tion Co. Leased for 999 years from Dec. 10 188910 the Wabash,
10th
quette and Canadian Pacific for rental equal to 5% of total cost Pere Mar- to 41st Sts., Galveston, Tex., and 11.21 miles main line switching tracks In
of work and city, with yard tracks and sidings. Incorporat
current expenses. Incorp. in Mich. Aug. 24 1889. Stock,
ed in Texas Feb. 24 1854.
$1,000,000
,
of
Stock
outstandi
ng
June
30
1912, $2.626.600; par $100.
which Pere Marg.owns$515.800: Par $101). Pres.,Frank H.Alfred,Detroit,
Dividends in
1904, 34%; 1905, 4%;1906 to 1908, 5% yearly;
1909, 4%%; 1910 to
FORT WAYNE & JACKSON RR.-Owns Jackson, Mich.,
Fort Wayne 1913, 53,4%; 1914, none.
/ad.. 98 miles. On Aug.24 1882 leased perpetually to Lake to
The
first
6s of 1882 cover only the real estate. the 5s of 1890 and
& Michigan Southern at a rental of $126,027. equal to 5% on the Shore
pref. stock (see (V. 73. p. 959; V. 95, p. 483), both the wharf and railroad property. 1901
All
V. 56. p. 812) and after 1887 any net earnings over
on pref. stock to be three mtges. have sinking funds sufficient to redeem the bonds by maturity.
paid on coin., but not exceeding 2% a year. Corn,8%
stock,$436.132.
REPORT.-For year ending June 30 1914. gross, $526,123: net,
$74,719
FORT WORTH & DENVER CITY RY.-(See Map Col. So.)-Ft. Worth. other income, $466,357;
int.,'taxes, &c., $268,860;
(5%). $131.330
Tex.. to Texline. 454 miles. Owns securities of Ft. W.& Den. Term.
bal., sur., $140,885: In 1912-13, gross, $478,280; diva.$43,181.
Ry.
net.
Pres.,
STOCK. &o.-Colorado & South. By.June 30 1914 owned
all but $13.984 John Sealy; Sec., Treas.& Gen. Mgr., J. J. Davis. Office, Galveston, Tex.
of the $6.835.008 corn, issued and stamped stook.
-(V. 95, p. 483: V. 99, p. 816.)
V.63, p. 1063. 75.
Payments under stamped stock agreement of Oct.
12
1895:
2%
in
'98:
REPORT.-For year ending June 30 1913. gross,$558,998: net.
1899. 2%; 1902, 47; Feb. 1903, 1904, 1906 to 1913. 4% each;
$52,578.
June 30 In 1911-12, gross, $478.280: net,
1913,3%,and Dec. l,1%3
$43,181; other income, $428,621; int.,
and 2% extra to bring
1914. June 30, 3%; Dec. 31, 1% and 2% extra.payments within cal. year; taxes, &c., $211,781; diva.(5si v.$137.897; bal.. def., $20.186. Pres..
John Sealy; Sec.,Treas.& Gen. Mgr.,J.J. Davis. Office, Galveston, Tex.
BONDS.-Abstract of mortgage. V. 45, p. 440. Certfs. of Indebtedn
ess _(V.95, p.483; V. 99, p.816.)
owned by Colo. Sou, June 30 1914, $299.917. Equipmen
t trust. V. 82,
P. 1101; V. 84, p. 508. "Pullman" equip. leases June 30 1914,
GENESEE & WYOMING RR.-Retsof, N. Y., to Pittsburgh & Lehigh
$101.001. Jct..
The Fort Worth & Denver Terminal Ry authorized an issue
11 miles; Retsof Jet. to Griegville. m.; branch, 2 m.; total. 16 miles.
30-year 6% bonds dated Dec. 1 1907 (Bankers Trust Co., N.of $2,500,000 Stock, $500,000;_par, $100. Divs. from 4
Oct. 189910 1902,Incl., 5% yearly:
Y.. trustee).
subject to call at 105. of which $728,000 have been issued. $300,000
1903,8%; 1904.8%;1905 to Apr.1910.4% Yearly (s.-a.); Aug. 1910,
sold
and
134%;
1428,000 held by Ft. W.& D. C. Ry. V.88. p.52. 1100,
1589; V.87. p. 949. Nov.,1X %;1911.5%.Paid 1 %
1912 and 1913,5% (Q.-F.): 1914.
EARNINGS.-6 mos..f1914
Feb.
and
May,
1 X %;Aug. 1914, to Feb. 1915, 1 A % quer. Year 1913-14.
Gross. $2,910,109; net, $950.308
July 1 to Dec. 31.
1913 ______
2,665,909; net, 717,490 gross, $205,046; net. $112,018; charges, $68,716; diva..(6%) $30,000: bal..
For year ending June 30 1914, gross. Gross,
$4,738.723; net, $1,022,989; other sur., $14,390. Pres., M. B. Fuller, Scranton, Pa.; Sec. & Treas., W.
H.
income. $38,220; bond int., $490,560: other
charges, $228,530; diva., $252,- Barnard, 2 Rector St., N. Y.-(V. 76, p. 1248.)
226; bal.,sur.,$89,893. Pros., Geo. B. Harris.
-(V.82,p. 1156; V.84,p.508)
GENEVA CORNING & SOUTHERN RR.-See N. Y. Central
GAINESVILLE MIDLAND RY.-Owns Gainesville,
RR.
Ga.. to Athens,42 -(V. 98, p. 1392; V. 99. p. 1909.)
miles, standard gauge, and Belmont to Monroe,
32 miles, narrow gauge.
GEORGIA
to be made standard. V.79.p. 151, 269,
& PIEDMONT RR.-Extends from Darien to Collins:
500. 627. Stock. all out,$550,000. Ga.. 85 miles:COAST
completed In July 1906. Extension from Darien to
Of the 1st 5s of 1905 ($1,000,000 auth.).
8661,000 has been sold and $14.- wick. 15 m.. opened
000 is reserved to retire old 6s; $26,000 treasury
March 1914; extension also proposed north from BrunsReidsbonds
to cover broadening gauge of 32 miles are pledged and $192,000 issued ville to Vidalia. V. 98. p. 839. Stock, $1.600.000.
to secure an issue of
Of the 5s of 1912 (13.500.000 authorized issue)
$400,000 3-year 6% coupon notes of 1913. These
a
block
was
sold
notes
also
have
for
as
addiextension
from Darien south
tional security the following, pledged by individual owners:
Brunswick, 15 mlles. begun July 1912:
$656,000 1st M. bonds are reserved for extension to
bonds (1905 issue), $514,000 out of $550,000
from Reidsville to Vidalia on the north,
stock. Of these notes, and for Improvements.
and
$325.000 are Series A,having a prior lien on thecap.
Intake
up underlying bonds: limited to $12.000
collateral and $75,000 Series against future extensions
B, $250,000 of Series A have been issued and installmen
; $600.000 of the 1st M. bonds have coupons
dets paid thereon to tached to and including Sept.
the extent of $212,285; Series B is all out. V. 97, p. 950;
1915. V. 94, p. 1448. 1763. Year ending
June
V.
81.
pl.
30
1848.
1913.
gross,
$85.126; net, $4,598; int., taxes, &c.. $19.895: bal.,
The Savannah Trust Co. Is mortgage trustee. V. 81, p.
1375. 1550. def.. $15,296. Pres.. F. J. Lisman.Year ending June 30 1914, gross, $187.082:
(V.
94,
p.
1763;
V.
98.
net, $44,986; int., taxes, &c.,
p. 839.)
GEORGIA FLORIDA & ALABAMA RY.-Owns
$59,639; balance, def., $14,653. In 1912-13, gross, $162,133;
net, $19,482. Tallahasse
e. Fla., 131.22 mites,including 26 miles openedRichland, Ga., to
Pres., Geo. J. Baldwin.-(V. 97, P. 950.)
Sept. 1909; Tallahassee
to
Carrabelle
,
on
the
Gulf of Mexico. 49.68
GALVESTON HARRISBURG & SAN ANTONIO RY.-(See MapSouthern
branch. Havana,
Fia•. to Quincy, 11.23 miles; total, 192.13 miles. miles:
Paciftc.)-Owns Galveston. via Houston, Tex., to east bank of
Also operates steamer
Rio Grande line from Carabelle to Appalachicola.
Fla., 32 miles. Stock, $450,000:
River, 832 miles; Beeville to Rosenburg, 147 miles; San Antonio
to
Port
$100.
In
Par.
June 1909 President Williams,
Lavaca, 136 miles; Masers to West Shore, Galveston Bay,46 miles; Warton the
minority stock and practically all of theIt was reported, purchased
to Palacios, 68 miles; branches, 105 m., owns jointly 2 m.; trackage,
outstanding bonds. V.88.
1 m.; p.1437. Bonds see table above. In 1906 auth.
pref.
total, 1,338 m. Southern Pacific Co. owns $27,055,900 of the $27,084,3
,none issued 1913.
For
72
year ending June 30 1914. gross. $609,621; stock
stock (par $100). V. 79, p. 2642; V. 80, p. 1424; V. 81, p. 211, 668. 1242;
come (deb.). $3,384; int., taxes, &c., $160.417; net, $90,004; other inV. 83, p. 1528. Duo Southern Pacific Co. Juno 30 1914, $16,012,666.
bal.. def.,$73,797. In
1912-13.
gross,
$592.254; net. $102.944. Pres.,
BONDS.-The Galveston-Victoria Div. 1st M. 6s ($10,000,000 auth. Treas.,
L. G.Papy, Bainbridge, Ga.-(V.88. p. Cora B. Williams; Sec.Issue) cover the properties acquired in 1905 and the
1437.)
new line from Stockdale
GEORGIA & FLORIDA R Y.-Owns from Madison,
to Cuero, Tex., 47 miles; $9.022,000 of the bonds have
been
issued,
Fla. (40 miles from
and
are Gulf of Mexico), to Keysville, Ga..
held by the So. l'ac. V. 92. p. 1636; V. 94. p. 130:
223.6 miles; trackage, Keysville to AuV. 96. is• 1772.
gusta,
The Western Divs. 2ds (then $6,354,000 outstandin
Ga.,
25.9
m.;
other trackage. 3.7 m.; branches, 96.5 m.;
were
g)
under
an
total
agreement made in 1893 treated as incomes, but under
June 30 1914. 349.8 miles. Owns stock of
Georgia & Florida Term. Co.,
a later agreement
made in Dec. 1914 with the holders of $5,043,00
Augusta and Valdosta and guarantees its 1st
0 of the bonds,$3,027,000 of
6s.
A
consolidat
ion
In
Aug.
were retired and the remaining
1907.
V.82. p. 1211; V.85, p. 345; V.87. p. 480.
$2,016,000 "stamped" with a guaranty by
936. 1533; V.88. p.681.
Southern Pacific Co. of payment
BONDS.-Bonds of 1907 to be limited to
of principal and interest as reduced from
6% to 5% from Jan. 1 1915. V. 100,
$12,000.000 at $20,000 Per
397. Equip. bonds, $1,558,000 6s, mile, of which $6,312.000 have been issued,
owned by Southern Pacific, V. 76, p. p.
$5.600,000 being In hands of
1300; V. 77, is. 2160. The Sou. Pac. public, $212.000 reserved to retire
Co. owns $1.110,000 out of a
& S. W. bonds and $630.000 in
of $6,354,000 Mex. & Pac. ext. 2d M.6s treas. V. 85. p. 221. 530: V. 95. p.Millen
and $4,728,000 G. H.& S. A.total
1472. Holders of 1st M. bonds were
East
asked
Div,
to
fund
1st
(ext.),
6s
their
Aug.
due
11935.
coupons
for
3
years from Nov. 1913 to May 1916. notes
EARNINGS.-6 MO3,1191
31 4
Gross, $5,990,814; net, $1,200,721 to be given in exchange for said
July 1 to Dec. 31.
as they mature, secured by said
Gross, 6,202.667; net. 1.376.662 coupons bearing 5% int. (payablecoupons
For year ending Juno 1913
semi-ann.) and due
or before Nov. 1
1914: Gross, $11,972,399; net, incl. other inc., 1918. In event of default
or receivership, the couponson
$2,391,164; charges, $3,577,768; bal.,
are to be returned.
In
Jan. 1914 about 82% of bonds had
def.. $1,186,604.-(V. 100, p. 397.)
agreed to funding of coupons. V.98.
GALVESTON HOUSTON dc HENDERS
p.155.
V.
97.
la.
1024,
1504.
ON
1882.
-Owns
RR.
Car trusts June 30 1914. $311.072.
OF
from
Galveston. Tex., to Houston. Tex., 50 miles.
The $2.000,0006% 20-year gen.
See V. 61, p. 1013.)
M. bonds of 1912 have cum. Int. dependORGANIZATION.-The M. K. & T.
International & Great Northern ent on income for the first 10 years. payable either
In cash or 5% certificates
have had trackage rights since Dec. 1895and
of
debt,
convertibl
e
into
under
5%
a contract providing for paybonds. See V.94, p. 630, 826. 911, 1118.
ment to mtge. trustee of $100,000 yearly to meet
interest on G. H. & H.
REPORT.-For year ending June
bonds and an additional rental of $24,000 tier annum
30
1914,
gross,
$851.131: net. $71,991:
other
for
dividends
Income,
or
other
$7,101;
purposes-see V. 61. p. 1064; V. 63. p. 697.
Divs., May 1904 to 1906. 4% bal., def., $461,197. Inint. on bonds 8417.683: rentals, &c., $122.606;
yearly; since to July 1 1913, none. M. K.& T.
1912-13. gross, $832 689; net. $59.935; other inowns
come,
4.999
shares
$83,987.
of
stock.
Report for 1910-11 in V.94
Of the 1st gold 5s ($5,000,000 authorized
203. Pres., R. Lancaster
000,000 were issued to Williams; Sec. & Treas., C. T.
retire the old bonds due April 1 1913. issue).$2,
Earnest.-(V.,98.P• 1537; V.99, p. 1451.)
Of the remainder, $1,000,000 is
reserved for not over 90% of cost of
GEORGIA MIDLAND R Y.-Owns road from Columbus to McDonough;
new equipment and $2,000,000 at not Ga.,
98 miles. Leased from July
over $1,000,000 yearly for cost of improvements. Redeemabl
1 1896 for 99 years to the Southern Raile at 105 on way Co. for $49,500
any interest day. V. 98. p. 839.
annual rental (being interest on the first mtge. bonds,
Stock, $1,000,000; par, $100. For the year ending June
ece.) and $2.500 for Columbus terminal property. Stock is $1,000.000.
30
1914, gross. owned by Southern
$319,145. against $321,931 in 1912-13 and $411,942 in 1911-12;
Railway Co.-(V. 63, P. 361: V. 82, P. 751.) •
net, $65,477, against $68,804. and $79,093, respectivel
GEORGIA RR.& BANKING CO.-Owns from Augusta. Ga., to Atlanta:
taxes, $33,159, against
$35,920 and $40,215.-(V. 97, p. 1503; V. 98, p.y;304,
Ga.. 171 m.; branches
839, 1392.)
to Washington and Athens. 58 m.; Macon & Augusta
(proprieta road), Camak, Ga.. to Macon. Ga..74 m.: trackage,4 m.;
GALVESTON TERMINAL R Y.-Owns extensive terminals at Galveston
, total, 307 m. ry
Tex., used by Trinity & Brazos Valley Ry., Colorado Southern
Owns 50% stook of Western Ry. of Ala. (the Central of Ga.
and
Chic.
By.
owning the other half). In 1910-11 sold its 47% interest in Att.& West
R. I. & Pacific, which own practically all the stock. V.87, p. 950. Owns
Point to the lessees at $135 per share, with option of purchase at end oflease.
a large freight depot and warehouse and about 14 blocks
along Galveston
Lease.-In 1881 road leased for 99 years to W. M. Wadley et at for pri
water-front. In Sept. 1914 3.49 miles of main line and 20.33
thei
miles
sidings
Cent. of Ga. and
had been completed. Stock, $25,000. Of the 1st 6s ($5,000,00
Louisv. & Nashv.. at $600.000 Per year, but in Al
0 auth. 1899 the Loulsv. the
& Nashv. was held to havelacquired all rightsunder the

MAP OF THE

P FIIN,O_Ez0

111111.11*
TO YO.

Pembina

4--; Columbia R

Anaconda

Stites

L

Bu

??
Aubtir 0
Huntington

E
8,
1

ii

G

•

Gardiner
re--Yellowsto4 e i'epquestone
Nat °nal Park
Cody

Yampa

0

N
°Valentine
Dakota Jc.

OGIendale
Alliance.

Dakota

OVE&I`ERN SECTION)
MAP OF THE

Pant.

Grand Trunk System

NEV

A

Cheyenne
--.-.--.-

Winnemucca
005

Steamboat Springs o

AND CONNECTIONS

seisseal Double Track
Lines under Construction

IN am•ol

Lines in Operation
Projected Lines

.Austin

A H
\

,C

OHS

0 L O-R

Glentvot
,
:_a

DENVE

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,
1

•

QV:*17- 810
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9
:
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el$ni:OrRc.k
r
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4' Ste

t

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acboro
SANDSTONE
Illockle
R

D

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SCENOEI CENV SNDOIS AVAVIIVII

SIDNEY

•

0

vmagegAlfr

'High River

Regina
Lytton

16 A

Onsaoson

a

Rowell
L

41,O4
,
•
4'<t5f,

Arrow
_ -Lake

Lake Ccer4
4'
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Pee.
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diarfleld

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° Co3fa.

uck
Dayton
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Walla Walla
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an

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Roundel
Banks
Wigton •

Willows
Pendleton
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04
.

• Elgin

i

END

dogneld.Jc

Mlles Cit.
Big Horn

NOR. Rosebud

LAUREL

Ft.Cusar

Powders, le

9
.
s.; astdand
Cit

Dillon
Red_Rock

Red Lodge
'..ff
7
atia.Hot;pm

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te,ARK

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Worland

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da.t
sA,
4

MAP OF iliS

GREAT NORTHERN RAILWAY

Wim.aff..

(WESTERN

SECTION)

Hocketts

Hunt

ony

., nterprt
'Union

Crown Rock
pe

DaYtille

,,Boulde Townsend
Lonib-ard
Bernice ss
E Eark
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allatin
Big Timber
Logan

Kamela

iieppner

°mania

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h

7131

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ched

Edg mot
• Itlaalctoot

Pocatello

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powder River

Casper
Orin Jc:
w.ror.d

ow.

62

RAILWAY STOCKS AND BONDS

Miles Date
RAILROAD COMPANIES
Road Bonds
[For abbreviations, &c., see notes on first page]
-Common stook
Georgia Southern & Florida
First pref stock non-cumulative redeemable
Second preferred non-cumulative $1,084.000
285 1895
MeBa.xo•
First mortgage gold $4.000.000
392 1902
First consol mortgage $10,000,000 gold...-Ndco•&r
--- 1910
Equipment trust Ser C due $25.000 semi-ann__Eqx
M s-a_ -Bax
--- 1912
Ser D due $22 or $21
do
do
Oulf-Athany & Noe ist ic/ gc
35 1896
C corers Southw &
35 1909
GB W & Gulf mtge
35 1891
*565,000
1st)
g(text)_x
M
Harrisb-Con(now
Clettysb&
Gila Valley Globe & Northern-See Arizona Eastern RR
12 '88-'89
Goshen & Deckertown-1st & 2d M ($60.000 are 2ds)
Gouverneur & Oswegatchie-See NY C & II R RR
Grand Rapids & Indiana Ry-Stock $6,000,000
367 1891
First If mostly land grant g extended in 1899 ___zo•
367 1891
First M extended gold guaranteed by Penn RR..zo•
420 1896
xo•
Second mortgage $5.000,000 gold
z 1908
„
15.000.000
M
gold-GPx
w-lst
North
Er
Rapids
Grand
Grand Trunk Pac-First M £ guar Can Govt (text)e&r 1.755 1905
916 1905
Prairie Section Al (Ser A) £2,100,000)guar p and I
839 1905
Mountain Sec M (Ser B) £2.050,000) by Grand
188 1905
Trunk
Lake Superior Div 1st M £1,550.000)
c*&r*
--- 1914
Bonds guar by Can Govt $16,000,000
Deb stock $25,000,000 red aft 1936. Int guar by
..
Grand Trunk Ry. See text
-__ 1909
Loan $10.000.000 secured by mtge on Prairie section
--_ 1913
Loan $15.000,000 to be covered by debentures.1909
_
Grand Trk Pac Br Lines 1st M gu by Alb text__c*
1st M gu by Alb £238,600
58 ---,,
do
do
.
_ __ 1909
guar by Saskatchewan see text
do
do
___ 1914
term bds guar by Sask'n see text
do
do
_.._ 1914
Grand Trk. Pac Sask let M or deb stk guar (see text)
-__ 1914
c*
Secured gold notes £2.000,000 guar red 101
___ 1882
Grand Trunk Ry-Consolidated stock £23.318.309___
--- 1884
4% guaranteed stook non-cumulative £12.500,000_
'73-'74
First preference 5% stock £3.420,000
'73-'74
Second preference stock £2,530,000
3,512 _-_
Third preference 4% stock £7,168.055
Debenture stock £4,270,575
1 3.512 11874
1874
Consolidated debenture stock (collateral trust) cum
1869
Second equip mtge (subject to 1st M in trust) _ _ _c

Amount
Outstandingi

Par
Value

Rate
%

[VOL. 100.

When
Payable

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

I
$100 $2,000,000
100
684.0005 in 1914M & NNov 6 19142;4MT&DCo, Bait' &NY
do
do
100 1,084.0005 in 191411 & N Nov 6 1914 234
do
5 g J 40 J July 1 1945
do
1,000 3.838,0001
do
4 g J & J July 1 1952
do
1.000 2,000,000
4 4 g M 6: S To Mch 15 1920 Equitable Trust Co. N Y
275,000
1,000
4;4 g F & A To Aug 1 1922 Bankers Trust Co. N y
1,000
.
5g J & J Jan 1 1946
H Taim & Co,NY & Balt
400,000
1,000
Central Trust Co, NY
5 g J & J Jan 1 1949
155,500,
100
A 63 0 Oct 1 1926
Reading Terminal. Philo
5
565.000,
1,000
500 .10

246.5001

6

N Bk Or Co, Goshen. N Y
0 Apr 25 1910 134 Office Grand Rap, Mich
J July 1 1941
Winslow,Lanier&Co,N Y
J July 1 1941
do
do
0 Oct 1 1936
Philadelphia, Pa
A Feb 1 1958
Philadelphia & Chicago
J Jan 1 1962
Bank of Mont. Lon & NY
0 Apr 1 1955
Co's Office, London, op
0 Apr 1 1955
Bank of Montreal,
0 Apr 1 1955
New York
J
J Jan 1 1962-- London,Montreal & NY

Various 1928-1929

100 5,791.700 See text A
920,000
33.4 gJ
1,000
4;4 gJ
1,000 4,455.000
1,000 5,000,000
4g A
5g F
1.000 2.000,000
£100 &0 £11.500,0003 $ or £ J
A
4
£100 &c £2,100.000
A
4
£100 &r, £2,050.000
A
4
£100 tee £1.550.000
J
4
£100 &c See text

&
&
&
&
&
&
&
40
&
&

9 N Broad St,London.E0
If & S Perpetual
4
$100 £7,136,980
Semi-an 1919
4
See text
July 1 1923
4
See text
N Y, Montreal & London
M & N 1939
4
£500.000
£100 &e
do
If & N Feb 15 1942
do
4
£238,600
£100
do
1939
N
dr
do
M
4
£100 &c £2,032.800
do
do
434 M & N 1943
£100 See text
M & N 1913
4
£100 See text
M & S 2 Mar 2 1921
5
£100 tee See text
None ever paid
£100 222,475.985
Check from Co's Office
£100 £12.500.000 See text. Semi-an Apr 1915 134
do
do
£100 £3.420.000 See tost.See text Apr 1914 234
do
do
£100 £2.530,000 See text.See text Apr 1944 234
do
do
%
2
1914
Apr
Yearly
text.
See
£100 £7.168.055
.1 & J 14 Irredeemable
5
£100 £4.270,375
1Glyn, Mills, Currie & Co
Q-J Irredeemable
4
£10() £23,922,442
July 1 1919
6
£100 £373,000

lease: Atlantle Coast Co. 1899 acquired half interest. V. 68. P. 722. Owns
majority (8594.900) stock "Ga. RR. Bank." Equip. trusts 1913, $327,261.
1 '82. 83-'87. '88. '89 to Jan.'11 Since to Jan.'15
DIVIDENDS.3 quer.
11 yearly.
Since 1881
%.11031 10 yrly.105£
EARNINGS (307 miles).-11914__ -.Gross, $1,512.878; not, $262,828
11913____Gross, 1,759,641; net, 375,006
Six mos. July 1 to Dec. 31.
Railroad earnings for year ending June 30 1914, gross, $3,327,444: net,
$695,371: other income,$120.703: rental to Ga. RR.& Bkg. Co.,$600,000;
rentals, taxes, &c., $141,311; add'ns & betterments, $72,292; bal., sur.,
$2.471.-(V. 92, p. 795; V. 95, p. 1039).
GEORGIA SOUTHERN & FLORIDA RY.-(See Map of Southern HY JOwns from Macon. Ga., to Palatka. Fla.. 285 miles; on Nov. 1 1902 purchased Atl. V. & W. By., Valdosta, Ga., to Jacksonville. Fla., 107 miles;
trackage into Jacksonville,3m.; total, 395 m. V.60. p. 928: V.79. p.551.
Also owns one-eighth of stock of Jacksonville Term. Co. V.77, p.626.
Owns the stock of the Ilawkinsville & Florida Southern By., Worth to
Hawkinsville, Ga.,44 miles, and Ashburn to Camilla, Ga., 52 miles, $586,_
000. 1st M.5% bonds being guar., p.& 1. V.79. p. 2585; V.97. p. 175. 365,
DIVIDEND on 11892. 1898. 1899. 1900405. 1906. 1907-Nov'14.
434
5 yearly
4 yearly
3
3
Second preferred (%)j, 2
After 5% on common, all stocks share equally.
BONDS.-First mtge. of 1895 (Abstract, V. 61, p. 429) provides that the
$684,000first pref. stock shall ben lien second only to the bonds and coupons.
The first consol.4s of 1902 are for the authorized amount of $10.000,000,
of which $4,684,000 are issuable to retire the $4,000.000 5s and $684,000 1st
Pref. stook and $5.316.000 are reserved for future needs. V. 75. p. 980.
Gross, $1,192,205; net, 8209,130
-11914
LATEST EARNINGS.
Gross, 1,349.173; net, 271,919
6 mos., July 1 to Dec. 31. 11913
REPORT.-Fiscal year ends June 30. Report for 1913-14, in V. 99,
p. 1361, showed: Gross. $2,596,549; on. income, $347,018; other Income,
S161,460; int. on bonds, &c.. $358.225; div. on stock, $88,400. Proc,
Fairfax Harrison. Washington, D. C.-(V. 99, p. 1214, 1361.)
GEORGIA SOUTHWESTERN & GULF RR. (Albany & Northern
Ry.).-Projected to extend from Albany. Ga., southwest to St. Andrews,
Fla., on the Gulf of Mexico. In Feb. 1910 acquired the Albany & Northern
Ity., extending from Albany northeast to Cordele, 35 miles, with capital
stock, $350,000. and bonds. 1400,000. V. 90. p. 109, 502. Uses Albany
Passenger Terminal Co. station (opened Oct. 4 1913), owning one-fifth
of the stock. G. S. W.& G. stock auth., $4.000.000, issuable at $20,000
per mile; outstanding June 30 1914,140.700. In Nov. 1908 filed a $4,000.000 mtge. to Carnegie Trust Co., N. Y.. to secure 5% bonds issuable at
820.000 per mile. A. & N. car trusts June 30 1914, 19.000. due 33,000
yearly. For year 1913-14,gross,$133,720; net,after taxes,$43,358; deductions, 834.037: bal.. sur., 89.321. Pres., W. M. Legg, Albany, Ga.; Sec.Treas.. H. J. Bruton. Bainbridge, Ga.-(V. 90, P. 502.)
GETTYSBURG & HARRISBURG RY.-Carlisle to Gettysburg. Pa.. 31
m.; branch to Round Top, Pa.,3 m.; branch Pine Grove Furnace to Hunter's Run, 8 m. (Hunter's Run & Slate Belt RR., which was taken over
Oct. 31 1910). The Reading Co. owns $553,950 of the $600,000 capital
stock: $535,000 deposited under Its gen. mtge. of 1896. The consol. 5s of
1891 (then $215.000) were guaranteed by Phila. & Reading RR.,foreclosed):
$250,000 were issued to take up the 1st 5s due Oct. 1 1912(V. 95, p. 1039).
GOUVERNEUR & OSWEGATCHIE RR.-See N.Y.C.& H. R. RR.
GRAND RAPIDS & INDIANA RY.-(See Maps of Pennsylvania
Owns from Fort Wayne. Ind.. to Mackinaw City, 366 m.: branches, 54 m.:
total owned. 420 miles; operates tke following roads, but has not assumed
the old company's leases thereof: Cm. Richmond & Ft. Wayne RR.,86 m.;
Traverse City RR.(nearly all the stock and all the income bonds owned),
26 m.; Muskegon Grand Rapids & Indiana RR., 37 m.: trackage, 7 m.;
Traverse City Leelanau & Manistique RR., Traverse City to Northport.
Mich.. 30 miles (inci. 6 m. trackage). See V. 74, p. 777; V. 76. p. 811;
V.82, D. 988,1098. Successor Aug.189601 RR.Co.foreclosed (V.63. p.153).
STOCK.-Stock. $5.791,700. of which Pennsylvania interests are sup*
posed to own all or nearly all. Penn. Co. on Jan.1 1914 owned $2,965.900.
DIV'S.-1900. 1% 1901. 2%; 1902 to April 1910,3% (YIY): none since.
BONDS.-The first mtge. bonds extended at 434% are endorsed with the
guaranty of the Penn. RR.Co. to purchase the coupons as they mature and
the bond itself at maturity. See guaranty. V. 56, P. 649; V. 69. p.1193.
Of the 2nds, 1888.000 were owned Jan. 1 1914 by Pennsylvania RR. and
$3,487,000 by the Penn. Company. Equip. trusts Dec. 311913, $121,190,
REPOR1.-Report for 1913 in V. 98, p. 1601. In 1913 carded 3.318,030
tons of freight, of which 35% was lumber, &e., and 24% coal and coke.
1913.
1912.
Year ending Dec. 311911.
1910.
420
423 •
432
Miles operated
433
$4,416,202 $4,309,060 $4,003,664 84,125,419
Gross income
543,508
675.464
680,515
549.134
Net over expenses and taxes_
Other income, $44,829; interest and other charges, Sm., $533,252; additions and betterments. 155.085; bal., stir, none. Pros., John H. P.
'
Hughart.-(V. 98, P. 1601; V. 99, p. 1832.)
RY.-(See Maps.)-This new trans-contiGRAND TRUNK PACIFIC
the
joint
with
financial
built
support of the Governbeing
is
railway
nental
It will consist of a main line
ment and the Grand Trunk By. of Canada.
of an estimated length of about 3,550 miles, from Moncton, N. B.. to
on Pacific Ocean,30 miles south of Alaska line, with
Prince Rupert, B. C.,
Total about 4.738 miles expected to be in full
branch lines, 1.188 miles.
viz.:
1915,
operation in
Miles.
Being Built by Canadian Government1 Leased Line, Now
N. B.. via Quebec to Winnipeg, about_ _ _ _1.804
.Eastern Div., Moncton,years
to Grand Trunk Pacific By. Co.-for
50
(To be leased forcost
of operating only and for remaining 43 years
first 7 years at construction)
(but see V. , p.997).
at 3% on cost of
and Owned by CompanyBuilt
Division,
2 Western
Mountains, about
Rocky
916
to
Winnipeg
a. Prairie Section,
Mountains to Pacific Ocean. about
829
b. Mountain Division, Rocky

3. Lake Superior Branch, Built and Owned by Companyeast of Winnipeg ._
18R
Thunder Bay on Lake Superior to East.
its subsidiaries_ _about- 1.000
Div.'
4. Sundry Branch Lines-Built by co. and
V. 98, p. 73. 1244, 1528. Winnipeg terminals, V. 89, p. 666.
.-/neorp. by Canadian Parliament in 1903. V. 80,
ORGANIZATION.
p. 996; V. 81. p. 1315. As to Grand Trunk Pacific Branch Lines Co.. see
V. 90, p. 1044 (also bonds below); V. 82, p. 333; V. 88 p. 295, 822, 1372.
1437. Option on Pac. Great East. By.. 450 m.:see that co.
STOCK.-Authorized. 545,000.000 (par of shares. $100 each), of which
the $25,000.000 common is owned by the Grand Trunk By.
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 (a) in the case of the Prairie Section not to exceed
513.000 per mile, or £3,210,000 in all; and (b) three-quarters of total cost
per mile from the mountains to Pacific Coast, called Mountain Section.
Total issue, £14,000,000; Royal Trust Co., Canada, trustee. V. 80, D.
996. 1234, 1363; V. 81. p. 507. 613; V. 89, p. 224. 286; V. 91, p. 214. 276.
Decision as to guaranty by Gov't. V. 93. p. 1386, 1462: V. 95. p. 1607.
In June 1914 an Act was passed providing for the guaranty on certain
conditions by the Canadian Govt. of £3,280,000 4% bonds due Jan. 1 1962
to aid in completing the road: £482,400 reported in Feb. 1915 as sold and
a part of remainder pledged. V. 98, p. 1766, 1920; V. 99, p. 342. 674;
V. 100. p. 642.
Series"A"(Prairie Sec.) and Ser."B"(Mtn. Sec.) 4% bonds are secured
by a second mtge. (National Trust Co., Toronto, trustee) on the railway.
equipment and tolls of the co., including its leasehold interest in the Eastern
Division, but not branch lines exceeding 6 miles in length, ships, grants of
lands (other than for railway purposes) and the rolling stock of the East.Div.
or of the above-mentioned branch lines of over 6 miles. These bonds are
guar. as to prin. and int, by the Grand Trunk By, Co. See form in V. 80,
p. 996: also see V. 80. p. 996; V. 86. p. 794; V. 90, p. 1165; V. 92. p. 725.
Although the mortgage to secure the 3% bonds guaranteed by the Government ranks before the mtges. securing A and B bonds guaranteed by the
Grand Trunk By. of Canada, yet an agreement schedule to an Act 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, the remedy of the Government shall
be to put in a manager with the concurrence of the company to operate the
Western Division and to collect and distribute net earnings of each particular
division part passu between the holders of the bonds guar. by the Govt.
and the holders of the bonds guar. by the Grand Trunk By. Co. in the proportion of 75% of such earnings to the holders of the Govt bonds and 25
to the holders of the bonds of this division guar. by the Grand Trunk By. Co.
In May 1909 the Dominion Government agreed to loan not exceeding
$10,000,000. repayable in 10 years or at any time on 6 months' notice.
Interest thereon to be 4%, payable semi-annually, secured by the company's bonds to the same amount, maturing 1919, guar. prin. and int, by
the Grand Trunk, under a mtge. on the Prairie Section, subject to existing
prior liens. V. 88. P. 822. 1194, 1061, 1253; V. 90, P. 1165. In June 1913
a loan of not exceeding $15,000,000 (the advances to be made probably over
Int..
a period of two years) was authorized, payable in 10 years, with 4%
western
to be covered by debentures constituting a charge on the entireprin.
and
division next after all existing authorized charges and guaranteed.
V. 97. p. 175.
int., by the Grand Trunk By. V. 96. p. 1629, 1772;
996)•
p.
80.
(V.
Div.
Sup.
Lake
188-ni.
the
cover
Lake Superior Div. bds.
agreed to guarantee
In 1909 the provinces of Saskatchewan and Alberta
p.m. by the Grand Trunk
orb.& int., of let M. bonds to be iss. at $13,000
.670 miles In Saslines
new
of
construction
Pacific Branch Lines Co. for
to issue add'i bonds. 82,000
katchewan and 491 in Alberta. Power is given
V. 97. p. 1583.
285;
0.
96.
V.
1437;
p.
88,
V.
1165;
1044,
p.
p.m. V. 90.
Lines Co. on March 24 1914 auth. certain
The Grand Trunk Pac. Branch
to be made by the company. V. 98. P.
mtges. to secure issues of bonds dated
June 5 1914 to the Royal Trust Co.
763; V. 99. p. 406. A mortgage
bonds, guaranteed by Province of Saskatchesecures 4;4% sterling terminal
Co.to construct terminals. V.99, p. 1451.
wan to be issued by Branch Lines
branch 4s. V.95, p. 1331; V.96, p.285.
Alberta guarantees Alberta Coal
authorizing the Province of Saskatchewan to
In 1913 an Act was passed
of $15,000 per mile of 4;4% 30-year
guarantee, prin. and int., at the rate
or other securities to be issued by the
bonds, debentures, debenture stock By.
for new construction; also on addlGrand Trunk Pacific Saskatchewan
V. 94, p. 1448.
tonal mileage not over $15,000 per mile.
DEBENTURE STOCK.-In 1906 825.000,000 perpetual debenture
Grand
Trunk
by
Ry. under certain condiguar.
int.
stock was authorized,
V. 96, p. 1296; V. 88. p. 624: V. 90, P. 303:
tions. See V. 84. p. 570:
deb. stock was authorized.
perpetual
$25,000,000
1913
In
789.
p.
96.
V.
1607; V. 96, p. 789. 1088. 1297. 1629, 1700.
V. 94. p. 207; V. 95, p. 1207,
NOTES.-The £2,000,000 7-yr. 5% notes dated Mar. 2 1914 (of which
in London) are secured by £3,000.000 4% debenture
66% were subscribed
the £7,136,980 already issued and are guarstock ranking part passu with
Trunk Ry., which has endorsed the notes.
anteed, prin. & int.. by the Grand
at 101 or in amounts of not less than
whole
a
as
redeemable
are
They
date on 60 days' notice (in the latter case
int.
any
on
drawings,
£200,000 by
the collateral to be released). V. 98, p. 73.
a proportionate part of
OFFICERS.-Pres., E. J. Chamberlain, Montreal, Can.: Sec.. Henry
Philips; Treas., Frank Scott.-(V. 99, p. 1130, 1214; V. 100, p. 642.)
GRAND TRUNK RY. OF CANADA.-(See Maps.)-Quebec, Can.;
Montreal to Chicago. Ill., also to Portland, Buffalo, Detroit. Toledo.&c.
REPORTED SEPARATELY.
SYSTEM PROPER.
Miles.
Majority stock owned.
Miles.
531
2,952 Central Vermont•
Lines owned
Grand Trunk Western*
347
owned.
stock
PortEntire
Lawrence.
St.
&
Atlantic
eneP
dOnd. Vt_ 165 Pontiac Oxford & Northern__ 101
lilamnd
e.,:ortfis
M-P
ed
Iae:d.
L
164 Detroit Grand Haven & Mil*__ 191
Buffalo & Lake Huron
96
53 Tol. Sag. & Muskegon
cinein. Sag. & Mackinaw
Jointly owned.
211
Other lines
79
Detroit .50 Toledo Shore Line__
4.890
Total road
3.545
Total in earnings
Co.
this
statement
separate
to
Haven
Grand
*See
Milwaukee.
ferry,
Car

FEB., 1915.]

RAILWAY STOCKS AND BONDS

63

,
RAILROAD COMPANIES
Miles Date
Par
Amount
Rate
When
Wor abbreviations. &c., see notes on first page]
Last Dividend
Road Bonds Value Outstanding
%
Payable and Maturity
Grand Trunk Rail wa y-(Cencluded)Great Western perpetual debenture stock
c 836% Var
£100 £2,723,080
5
F & A Irredeemable
Northern Ry third preference A & B bonds
London
ol 490i 11868
£14,600
6
A & 0 Irredeemable
Debenture stock 4% perpetual £425.850
1,1884
£308,215
4
F & A Irredeemable
Pontiac Oxford & Nor lst M $400.00
Ba.o"
0
100
1896
1.000
$400.00
0
8 g J & J July 1 1916
Secured notes £2.000.000 redeemable 101
ankers Trust Co. N Y
ca
1913
£100 £2,000,000
5
Three-year collateral notes £1,000.000 red 101_0
A & 0 Oct 1 1918
1
___ 1915 £100 &c £1,000.000
534 J & J 15 Jan 14 1918
New England Eiev 1st Mg gll due $10.000 yearly__
__1901
1.000
*270,00
0
3% g J & J July 1915-1941 UnSD&TrCo, PortI'd.
Montreal Warehousing 1st M $1 000,000 gold guar_
Me
___ 1906 $ or £
1,000.000
4
A & G Apr 1 1936
Car trusts due $197.000 semi-an Bed 102% __ __ Ba
Montreal or London • •
_- 1912
1,000 2,955,000
434 M & N May'15-May 22 New York
do Ser B gold due $168,000 s-a red 10234 Be
--1912
1,000
2.688.000
434 g M & N May'15-Noy'22
Car trusts
do
1911
1,000
198,000
534 F & A
do Ser C due s-a 3113 M Vyrs then $112 M _
Chase Nat Bank & Chic
red 10234
Eq
x
1913
1,000 2,000,000
434 M & N May'15-Nov'23
Whipple Car Co 1st r. e.& coll. tr M g due $30,000
.
yearly red 102
0
1912
255.000
6 g J & D To Dec 1922
Grand Trunk West-lst M ing gu S (cur) & £__F
x 326.5 1900
$& £
15,000,000
4 g J & J July 1 1950
Gen consol M auth $30,000,000 guar p & I__--Usmx
Bank MontreaLNY &Loa
331 1912
7,662.236
4 g M & S Sept 1 1962
Great Northern-Stock $250.000,000
do
do
100 249,997.700 7
1914 Q-F Feb 1 1915 134 32 Nassau
Gt Nor 1st & ref M g red 105 beg '41_ _ -Ba.xo•&r• 7.855 iiii
St, New Yeti
Leo° &c 35.000.000 in434
g I & J July 1 1961
Old Underlying Divisional Bondsdo
do
St PM & M consolmtgel(now 1st M) gold_ _Cez} 2.541 1883
1,000 13.344.000
6 g I & I July 1 1933
for $50,000.000
do
f(V 91 p 518) sink fund_z 2.541 1883
do
1,000 21.166.000
434 g J. & J July 1 1933
do
do
1.000 8,329.000
4 g J & J July 1 1933
Montana Ext 1st M ($25,000 p m) gold_ _ _Ce.zo•&r 2.541
do
417 HO
do
1,000 al0,185.000
4
g
J
&
Pacific Extension M £6.000,000 gold
D
June
1
1937
Ce.n3..kr
do
do
849 1890 £100 &c £6,000.000
4 g J & J July 1 1940
C B & Q col tr Mg (sub to call at 105)
NY & Lend. Baring Broi
(Ixc•Zor•
___ 1901 $1.000&c 11107613500 f 4 g J & J
July
do
1
1921
do
.1
.
P
do
Morgan
registered _ _ _ _zr•
& Co, N I
-__ 1901 1,000 &c J
1 4g
Q-J July 1 1921
Minn Un Ry 1st natge gold assumed
do
Ce.zo•
do
2 1882
1.000 2.150,000
6 g J & J July 1 1922
do
do
2 1882
32 Nassau St. New Yori
do
1,000
650,000
5 g J & J July 1 1922
E of Minn No Div M $9,700.000 g ass red_ Ba.zc•&r
do
284
do
1898
1,000
&c
d9.695.
000
4
g
A
&
0
Apr 1 1948
Mont Cent 1st Mg ($6,000.000 are 6s) ass__ _Ce.zc&r
32 NassauNY:Lee,H,Bo
250 1887 1.000 &c 10.000.000 5 & 6 g I & .1. July
Willmar de Sioux Falls 1st Mg assum (end)Ce.zc•&r
1 1937
32 Nassau St, New Yell
304 1888
1.000 3.625,000
5 g J & D June 1 1938
Spokane Falls & North first mtge g assum
do
Ba.xc•
130 1889
do
1.000
229.000
6
J & J July 1 1939
at North Ry of Can-See Canadian North Quebec Ry
do
do
Great Southern RR-lst II $5,000,000 gold
x
1908
1,000
See
text
5
g
J
&
J
July
Green Bay & Western RR-Stock (see text)
1 1928
Sec Say & Tr Co,Port,0
100 2,500,000 5 Feb 14
Feb
Feb 8 1915 5% Office 40 Wall
Debentures Class A incomes text non-cum
St. N 1
zc•
___ 1896
1,000
600,0005 Feb '14
Feb
Feb 8 1915 5%
Class 13 incomes after 5% on stock non-cum_zo•
do
__
do
1896
1.000
7,000,0
34Feb'1
00
4
Feb
Feb 8 1915 %
$11,502.000 additional pledged for Pacific Extens lon-bo nds
a
do
do
.. a..z.4......
..... ....11 .• IlIM .1,... A ••••11 1004

On Sept. 30 1905 began operating Canada Atlantic Ry. and guar.,
prin.
Lines owned in fee.
and int. on its 4% bonds, and on July 1 1914 merged the
company. V.79. Allouez. Wis., to Devils Lake.Miles. St. Cloud to Sioux City
280
p. 1641, 2455, 2620; V. 85. p. 600; V.97, p. 1351: V. 93,
Fargo to Surrey, N.D
p. 1156.
N. D
Has projected a through line via the Central Vermont from
381 Great Falls, Mont.. to Laurel__ 226
Montreal to Pacific Jct., Mont.. to Butte
223
Providence. V.94, p. 416; V.95. p. 1331. 1403;
291
Various
branches
V. 96, p. 419. In Nov Barnesville, Minn.. to Portage
3.391
1913 purchased stock of Whipple Car Co.. Chicago
Trackage
and assumed bonds.
la Prairie, Man
$300,000 6s of 1912 and $198.000 534s of 1911. V.,97,
258 (2nd. &c.. tracks and sidings. 294
2.336
Owns jointly with Northern Pacific the Spokane
Trackage, Temisk.& Nor. Ont. Ry., 252 m.; V.93. p. 1663.
Portland & Seattle Ry..
1462; V.94,p.1246. 556 miles. V. 85, p. 1273: V. 86, p.
The Grand Trunk Act of 1912 permits the companyp.to
1529.
purchase bonds
In Dec. 1908 Chic. Burl. & Quincy Jointly held
or guarantee securities of Grand Trunk Western
with Nor. Pac.) acquired
Ry.
other
or
compani
es.
control
Colo.
of
Souther
&
&c.,and to issue not over £6,250,000addltional consolidated debentu
n.
87, p. 1664. Uses jointly Northern
re stock. Pacific line, Seattle to Vancouver,V.
V.94, p. 207, 1246; V.99, p. 1909. Car trusts, V.94,
Wash., 174 miles. V.88. p.1372.
p. 1185, 1246; V.95,
In Dec. 1909 a joint control was acquired of
p. 1122.
Spokane & Inland Empire
(Electric) RR.. 213 m. See "Electric Ry.Section.
CAPITAL STOCK, &c.-The auth. capital on
Midland Ry. of Manitoba is held in the joint
Dec. 13 1913 was £48,interest of the company and
936,364 stock (£48,094,040 issued and £842,32
the
Norther
unissued
n
4
Pacific
Ry.
advance
);
V.95, p. 236.
s from
Canadian Gov't in aid of construction amount to
£3,111,500.
ORGANIZATION.-In 1907-08 absorbed St.
Minn. & Man, and
DEBENTURE STOCK NOTES.-Perpetual
other roads theretofore controlled. V. 85, P.600,Paul
consol.
4%
deb.
stock
1209; V.86. p. 168. 794.
auth. by Act of 1882 and later Acts has been issued
from time to time to
STOCK.-In 1898 surrendered the right to issue common
acquire securities of companies consolid
stock, all stock
and controlled, amounting being "of a slngle class
Dec. 31 1913 to E13,727,1338 and bearingated annual
with uniform rights." V.83. p. 1469; V.84.
interest of £689.397.
p.749.
Stockho
V.71. p.84; V. 88, p. 822, 1194; V. 82, p.an
of record Mar. 26 1914 were offered the right
692; V. 86, p. 602, 1100; V. 94, to May 11lders
to subscribe up
p. 1119, 1763; V. 95, p. 1683-4; V.96,
219,000,000 new stock at par,payable 40%
p. 62; V. 98, p. 1156; V.95, p. 1207. 11 and 30%for
11,30% Aug.
1607; V.96, p. 1089.
Oct.13 1914„raising the amountput to $250.00May
0.000. V.98.p.610;
V. 99, p. 1300.
In 1914 Parliament authorized compan
to hold one annual general
meeting and make one report yearly; y (1)
DIVIDENDS.- 1'92 to '96 (Incl.) '97. '98. '99.
create additional consolidated
'00.
1901 to Feb '15.
debenture stock to an amount the annualto
1' 5% yearly
on which is not to exceed Per cent
534 634 7 7 7% yearly. Q-F
£100.000: (2) to confirm an agreeme forinterest
Also in 1898 50% in Seattle & Mont. stock
amalgamation with the Canada
which
was
Atlantic Ry. and the issuance of suchnt
then exchanged
at
80 in payment 0(40% of subscription to additional
add'l amounts of stock as may be necessary. V.97, p. 1733; V.98,p. 1156.
Nor. pref. V.66.
In July and Aug.'13 £2,000,000 5% p.1044, 1188; V. 74. p. 829. In May 1901, % andGt.
in
5-yr. notes dated Oct. 1'13 were sold,secured
Nov.
1907 1X%
was
paid
from
earns.
by £2,000,000 perpetual cons.
of Lake Superior Co., Ltd., and in Dec. 1906
de13, stock and in Jan. 1915 £1,000,
unit for.
000 534% 3-year notes dated Jan. 15 unit, 1,500,000 shares in iron ore properties. See "Genera
1915, secured by £1,430,000 stock. Both
l Finances.'
issues
are
redeema
ble as a whole
or in amounts of not less than £200,000 by
BONDS
.
-Of
the
"1st
ref."
&
50-year bonds ($600,000,000 auth.),
drawings on any interest date on
60 days' notice, the trustee to release a proporti
$70,onate part of the collateral. 535,000 had been issued as 4 X% bonds to June 301914. of which
V. 97, p. 298, 521; V. 100.
$35.000.000 sold and $35535,000 held in treasury. These bonds
54. On June 25 1914 $10,000,000
bills were placed in London p.
1-year
(in
hands
of
public)
are
a
first
lien,
on
a
directly
or through deposit ofstock. on 2,811.3
basis, re-payable July 15 1915.
secured by 4% debenture stock at a434%
3 miles of road
at $12,449 per m., and a general lien (subject
n of 70. V. 99, p. 48.
Station Co. bonds. V. 82, p. 452.valuatio
per m.) on 4.781.14 miles: total mileage coveredto existing liens of $22,689
Montreal Warehousing guarant
. 7.592.57; also secured by
bonds, V. 83. p. 37. Grand Trunk
equipment at the time of the mortgag
Pacific Devel. Co., V. 86. p. 1042:eed
e costing $59,073,180, upon
V.
90, p. 306; V. 91. p. 1449: V. 92. p. 1238: V. 93,
$46.200.p. 1107. Toronto Term- 068 of which it is a first lien. V. 92, p. 1499; V. 93. p. 871; V.
inals Ry.. V. 95. p. 1474; V. 98, p. 1768. Ottawa
98. p. 698.
Provisions Respecting Issuance of the
Terms. Rye., V. 95.
p. 1207.
Sold for ores. purposes. $35,000,000; held$600,000,000 Bonds Authorized.
in trees.,$10.000.000_$45.000,00
DIVS.'01.
1
'02. '03. '04. '05. '06. '07. '08. '09.
d to retire existing obligations, includin
0
'11. '12. '13. '14. Reserve
g the $222.400.1st pf-%
5 5 5 5 5 5 5 5 5 '10.
000 auth. issue of Northern Pacific5 5 5 5 0
2d pf_ _ %
4
due 1921. of which $7.173,000 haveGreat Northern Joint 4s,
5 5 5 5 .5
5 234 5
5
5
5
5 0
3d prof%
additional bonds, not provided for in not yet been issued (no
0
1
2 0 2 3
0 0 % I% 2% 234 0
the mortgage, are to be
No payments on pref. for 1914, and 3
Issued or underlying bonds extende
div on guar stock reduced from
d)
2% to 1% for 2nd half. V.100, p. 642.
Reserved for general corporate
purposes. acquisition of new332.162.000
lines, e4c.. and purchase of stocks
EARNINGS -limos..(1914
and bonds of other cos_
Gross, $38,469,238; not, $9,851,499 Reserved for the
_122,838,000
acquisition and construction of new
Jan. 1 to Nov. 30.
11913
Gross, 42,798,961; net. 10,446,185
lines. terminals. &o., at not exceeding $3,000.
000 in any cal. year _
REPORT.-Statement for 1913 was in V. 98. p. 1528.
The
$35,535
000 of above issue held in the treasury
_100.000.000
meeting Apr. 1914, V. 98. p. 1528. Results for calendar years:Half-yearly issued for acquisit
includes: $13,535,000
ion of stocks of other cos.. $12
000,000 for acquisit
construction of new lines, &c.,
1913.
1912.
1911.
ion and
1910.
and $10,000,000 of original
Gross earnings
£9,134,554 £8,447.087 £7,696.9577 £.021,535
St. Paul Minn. & Man. consol. mtge.
$45,000,000.
of 1883, for S50.000.000.
Trang)ortation expenses 6.767.269
6.127.968
Is
5.739.076
now a
5.246.752 first lien on both land grant and 2,540,62 miles of
road and
2.47 m.formerly owned by Minneapolis
NeS earnings
lienon
2.367.285
2,319.119
Union Ry. V. 91.asecond
1.957.881
1.774,783 p.518; V.86, p.229;
p. 518; V. 84,
'iota1 net income
V.
87.
2,704.009
p.1533;
2,535,112
V.88,
2.277,430
p.
2.128.2
295.
22
624. 1061. 1372.
Dedu 1-Rentals
lontana Extension mtge. is limited to
155.206
155,208
155,206
155,206
$21,687.000 on 837 miles in
Int. on Ws.& deb. stock 1,297,397
1,193.048
1.163.065
1.110,770 of Montana; $10.185.000 are in hands of the public
Adv. to controlled roads
and 311502.000State
trustee
274,284
of
Pacific
221,424
ext. mtge. to secure to that mtge,
129,273
129.121
with
Divs. on guar. stock
first lien on tracks
496.823 (4)483,112 (4427.430 4)402.775 Pacific Jct. to Idaho State line, 417 miles.
do 1st pref. stock_ _ _ (5)170,841 (1170,841 (5)170,
5)170,841
841
Pacific Extension mtge., £6,000.000,
do 2d pref. stock_,, (51126.420
at
£6,000
per mile in Montana and
(5 126.420 (5)126.420
5)126,420 £7.000 per mile west of Montana.
do 3d pref. stock _ _((2% 179,116(2%
179.116(1 A )107.469
I5)35,823 1174; V. 90, p. 303. See abstract ofV. 66, p. 1044, 1188; V. 80. P. 1111.
Balance
On June 30 1914 Gt. Nor. and Nor. mtge.. V. 52, p. 82.
sur.3.922
sur.5.945
def.2,274
def.2,734
Pac.
had acquired $107.61
$110.839,100 Chicago Burl. & Quincy
OFFICERS.-Pres., E. J. Chamberlin: Chairma
3.500 of the
n of Board. Alfred IV. joint 20-year
Smithers.-(V.99. p. 48,406,816,
4% gold bonds, secured byRR. stock in exchange for their
1909; V. 100, p.54, 140, 642.)
the deposit
on basis of $200 in bonds for each
' of the stock in trust,
$100 stock. See circular
GRAND TRUNK WESTE
, V. 72, p.
RV.-Owns from Port Huron, Mich., 1034. 1135, and application to list, V. 73, D. 294,
to Chic. & West. Ind. RR., atRN
903; V. 85. p. 600. 871.
Chicago, 330 m.; leases Chic. Kalamazoo St
Eastern Ry. of Minnesota.-Nor.
Saginaw. 9.57 m.; Chic. & Kalamaz
Div.
mtge.
of
Termina
oo
are
1.73
l,
1898
m.;
trackag
red.
Chic.
at
e
105 after April 11928. V.
&
limited
West. Ind.. 5 m.•, total, 347 m. Stock,
66. p. 471; V. 88, p. to $9.700.000,
56,000.000 all owned by Grand
Trunk. V • 69. p. 954; V.71,
GENERAL FINANCES.-Total
1002. 1253.
p.22. Allied line, Pont. Ox.& Nor., 100 m.
funded debt in hands of
1914. $143.478,909. Per mile
BONDS.-The Grand Trunk uncondit
public June 30
of
road (7.528.16 in.),
guarant
ionally
ees
the
interest
stock,
on
$30,684
.48.
1st
Train
the
4s. The incomes were called for paymen
bonds. $19,058.96;
1913-14,663 tons,against
t on Dec. 1 1910 at 85 and
See Great Northern Ironload,
635
any int. then due. V. 90, p. 1239. Jointly
Ore
Properti
es under "Industels.'in 1912-13.
with Toledo St. Louis & West.
guarantees Dec. & Toledo Shore Line
EARNINGS.-6 mos.,11914
V.76. p. 653: V. 89.13.1411.
Gross, $40,280.076; net, $21,230
In March 1911 authority was grantedbonds.
July 1 to Dec. 31.
new
to
,598
make
mtge.
a
for
11913
$30.000,000,
Gross. 45,910,682: net. 20.995,
to extend and improve the road;
REPORT.--For
000 4s, due Sept. 11982. were pur253
1913-14, V. 99,P 1045, 1056.
chased by the Grand Trunk Ry.$7.662,
The
guarant
latter
ees
principa
Editoria
l
and
l,
p.
inter1098.
est; $15,000.000 to be held to retire the firsts at maturit
1913-14.
y. V. 92, p• 795, Average miles operated
1912-13.
1911-12.
1108, 1242. 1436; V. 93, p. 1323: V. 97, p. 237.
Passenger earnings
7.781
7,686
6
EARN1NGS.-6 mos., 11914
$15,224,462 515,158.588 $13,623.009
Gross, $3,688,188; net, $560,928 Freight
Jan. 1 to Dec. 31.
55.025.016 58.426.236 47,877.369
Mail, express. etc
11913
Gross,
3,759.86
7;
net,
645,670
Year ending June 30 1914, gross, $7,184,559;
4,841,422
4.749,898
4.417,729
net, after taxes, $690,673; Other than transportation
other income, $696.385; charges, $1,941,461;
382.969
358.045
279.712
Gross operating revenues
$554,402; additions
and betterments charged to income,$814: profitdeficit,
275,473
Gross
,869
$78,692
and
,767
$66.197
corporate income
,819
loss,$6,315: bal., def.,
$547,263.-(V. 93, p. 1323; V. 96, p. 1700;
$27.776,452 $31,884,417 128.870.498
Rentals paid
V. 97, 13. 175, 237.)
860,510
Hire of equipment, balance
772,043
754,453
GREAT NORTHERN RY.-(See faps.),
etc_
10.869
Operate
85.555
Bond
s
a line from St.
interest accrued
Paul and Duluth, Minn., via Spokane Wash.,
6.451,522
to Seattle. Wash., and Van- Dividends on stock
6,458.506
6,461.789
couver. B. C. with trackage rights ,into
15,063,048 14,698.659 14.698,982
Portland. Ore., and numerous Interest new stock (7%)
branches in Minnesota, Iowa, North
subscriptions
572,600
and
209.320
Washington, Manitoba and British Col. South Dakota. Montana, Idaho. Renewal Allouez Bay ore clocks
256,332
128.166
Total June 301914, 7,803,viz.: Refunds Minn. Rate
Lines owned in fee.
Case
ftles.l Everett, Wash., to Vancouv
250,000
750.000
er- 128 Depreciation of steamships
St. Paul to St. Vincent, Minn __39
250.000
Creek
3, Minn., to SuImpt. and renewal fund
750.000
Minneapolis to Seattle, Wash_ -1,804 Coon
1.000,000
4.250.000 3.502.000
perior, Wis
134
Balance, surplus
$3,311,571 14,282,168 52,703.
273

64

RAILWAY STOCKS AND BONDS

(Vol, 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Dividends are Payable
Payable and Maturity
%
Road Bonds Value Outstanding
[For abbreviations. &c., see notes On first page]
D Dec 19 1914 3% D L & W. 90 West St
&
J
6
*200,000
*100
Guaranty Trust Co. N Y
Greene RR (New York)-Stock M *500.000 g_(1.zo&r
4 6 J & J Jan 1 1924
400.000
1.000
21 1904
Ill Tr & Say Bk or off, Ch
Greenwich & Johnsonville-lst
5 g J & J Jan 1 1939
437,000
21 1909
If gold
Columbia
1929
Trust Co, N Y
15
Nov
Oro veton Lufkin & Northern Ry--lst
15
N
&
If
g
6
600,000
1,000
gold-Col.x 93.6 1909
ColumbIa Trust Co. NY
Guantanamo Cc Western -1st M *600.000
5 g J & .1 July 1 1961
83 1911
500 &c 2,324,000
M*10,000.000g red105Colicc*&r•
Gulf Fla & Ain-Ist
Ry
Trees office, St L Mo
Gulf Line-See Hawkinsville & Florida Southern x
5 g 1.1 & S15 Sept 15 1928
300,000
1,000
37 1908
'
July15 1913 1% Buffalo, N Y
Gulf & Sabine River-lst M *300,000 gold
Q-J
100 7.000,000 See text
Feb
1952
Gulf & Ship Island-Stockgold sink fund_N.xo*x&r*
1
J
Metropolitan Tr Co, N Y
&
I
g
5
4,084,000
&o
1,000
307 1902
First refund and term BI
do
do
A & 0 April'15-'17
g
6
600.000
1,000
1911
307
red
pxo•
yrly
due
103-M
gold.*200.000
M
ref
Gen &
Franklin Trust Co. N Y
4 g I & J Jan 1 1957
600.000
1.000
xi,'&' -__ 1907
Gun Term, Mobile--lst II $700.000 g gug(text)
Metropolitan Tr Co. N Y
5 g 13/ & N Nov 1 1939
1,000 2,000,000
99 1909
red 105-Mpx
Gulf Texas & West-lst 1,1;10,000.000
& D 30 1955
J
g
5
£100
NoneSep'14
1905
red
mortgage
-First
Halifax & Eastern
years
30
text
See
Hampden RR-First mortgage see text
Hancock & Calumet-See Mineral Range RR
Hannibal & St Joseph-See Chicago Burlington & Qui nay
Central Trust Co. N 1'
6 g J & .1' Jan 1 1916
300,000
100 &o
20 1895
Harriman & Northeastern-First mortgage gold__Cezi
To June 1924
151,500
Car trusts June 30 1914 due semi-annually
334
'15.
10
Jan
J
Company's office, Piffle
&
J
in'14
734
1.182,550
50
go
53 --__
Harrisburg Portsmouth Mt Joy & Lane-Stock 7%
J & J July 1 1943
4
500 &c
700.000
--- 1913
First mortgage $700,000. extended in 1913 „Cip •Im.
A 31 Feb 28 1915 1% Hartford
&
F
2
2,967.000
____
100
124
k
Western-Stoc
Hartford & Connecticut
do
434 J & J July 1 1923
700.000
z
1.000
124 1883
First mortgage extended in gold in 1903
Union S B & Tr Co. Cln
5 g A & 0 Apr 1 1952
606.000
1,000
44 1902
Hawkinsv & Fl So-1st XI *400.000 gold guar p & Lx
1937
Sept
S
&
M
g
5
577,500
x
1,000
32
1907
gold
Gulf Line Ry first mtge
Henderson Bridge Co-See Louisville & Nashville RR
A & 0 Oct 10'14 134 See Central of New Jersey
3
200,000
100
43t --- Hibernia Mine R-Stook
See text
A & 0 Oct 1 1921
6
500 &c 1,000,000
49 1901
Hilo RR-lst Iv $1.000,000 red par
See text
A & 0 Oct 1 1929
6g
1,000 3,500,000
81 19091
Ref & ext gold M 14,500,000 g red text
Dec 31 '14 3% J P Morgan & Co. N Y
Q-M
text.
See
11,000.000
100
Hocking Valley Ry-Stock
do
do
1948
1
Oct
0
&
A
g
4
500 &o 1.401,000
76 1867
Columbus & Hooking Valley first mtge gola____xo*
do
do
4 g F & A Aug 1 1955
1,000 2441,000
118 1875
Col & Tol 1st M gold ext 1905 (V81 p 211)....(Lx0
do
do
1999
1
July
.
J
&
J
g
4)4
16,030.000
.ke
346 1899 1,000
First consolidated mortgage $20.000,000 gold--Cex
NY
Broadway,
71
1915
1
Nov
N
6 6 XI &
1,000 4,000.000
--- 1914
Eqy
One-year gold notes (V 99. p 1130)
A Aug'15-Feb '17 U S M & Tr Co, N Y
&
F
4
92,000
1.000
1907
-a
s
A
--Ser
due
*23,000
gold
Usmx
Y
Equip notes
F do A 15 To Feb 15 1917 71 Broadway. NCo.
4
192.000
1,000
x
1907
Ser B due *48,000 s-a
do
do
A & 0 To Apr 1 1917 Merch L & TrCo, N Chic
4
185,000
x
1,000
1907
Ser C due $37,000 s-a
do
do
Y
Empire Trust
1917
Aug
To
A
&
F
4
125.000
x
1.000
1907
Ser E due *25.000 s-a
do
do
Co. N V
4 g F & A 15 To Feb 15 1918 Guaranty Trust
150,000
1,000
___ 1908
Ser I of 1908 due *25.000 s-aG.xo*
do
do
Co,Phil,
Tr
!Commercial
F & A To Aug 1 1923
5
900.000
1.000
1913
Ser of 1913 due $100,000 ann_-x
do
do
N Y
434 F & A To Feb 1 1924 1. and 71 Bway,
720,000
1,000
x
1914
Ser of 1914 due $80,000 ann
do
do
REPORT.-Report for year ending June 30 1914 in V. 99, p. 1291.
OFFICERS.-Chairman & Pres., L. W. Hill, St. Paul: V -Ps., Richard
Bal.,Sur.
Net. °thine. Charges. Dividends. $188,406
Gross.
YearA. Jackson, W. P. Kenney, J. M. Gruber, St. Paul; V.-P. & Sec.. E. T.
$347,403
Nichols, N.Y.; Comp.,G. R. Martin; Treas. & Sec., L.E. Katzenbach, St. 1913-14 _ 41,995,766 $529,193 $6,616 5360.327
$186,545
(2%)$137,000
Paul; Asst. Sec. & Asst. Treas., N. Terhune, N. Y. N. Y. office, 32 1912-13..42.114,620 $654,952 528,920
69,570
2,349 364,124 (2%) 135.000
1911-12- - 1,982,323 566.345
Nassau St.
Pres., J. T. Jones, Buffalo, N. Y.-(V.99, p. 1130; V.99, p. 1291.)
Directors.-J. J. Hill, L. W. Hill, W. B. Dean, R. A. Jackson, L. E.
and
station
passenger
union
Minn.;
-Owns
Minneapolis,
Howe,
L.
P.
MOBILE.
Paul,
Minn.;
CO..
St.
R.
Budd,
Katzenbach.
GULF TERMINAL
& Ohio
approaches at Mobile. Ala., leased by the Southern By. and Mobile
Samuel Thorne, E. T. Nichols, New York.-(V. 100. p. 229.)
the bonds,jointly and severally.
and
guarantee
stock
the
own
which
RR.,
GREAT SOUTHERN RR.-See page 140.
p. & I., by end. Franklin Trust Co., N. Y., Is mtge. trustee.-V.84. p. 50.
GREEN BAY & WESTERN RR.-Road owned from Green Bay, Wis..
to SalesvIlle. Tex.. 99
GULF TEXAS & WESTERN RY.-Seymour to
to Marshland, Wis.. 209 miles, branches, 13 m.: trackage to Winona, 4 m. miles.
Weatherford, 31 m..
Has trackage agreement for freight trains
The option of Minneapolis & St. Louis interests on a majority of the stock and for passenger
giving entrance via Weathm.,
Wells,
9
Mineral
to
trains
947.
p.
was allowed to lapse in Mar. 1913. V.95, p. 1207: V. 96.
to Dallas and
Pacific
&
Texas
and
Northwestern
&
Wells
Mineral
than erfordWorth. V. 96. p. 1089.
SECURITIES.-There are no fixed charges on the property other
be sold or leased Fort
$500.000: outst'g July 1914. $250,000: par of shares, $100.
taxes, nor can any be placed thereon or the property
auth..
Stock
234% Of the first 5s (510.000.000 auth. Issue). *2,000.000 have been issued on the
without consent of 75% of stock. Class A debentures are entitled to
ratably, first
Interest, if earned, then common stock to 2)4%. then the two share
99 miles. V.89. p. 993.1223: V.90. p. 109; V.93,p. 44; V.99. p.406.
but after 5% on both. class B is entitled to all surplus earns. V.61, p.471, Loans and bills payable June 30 1914, 5731,904; car trusts, $12,440. Year
def. $37,034;
'14.'15
'13.
'12.
ending June 30 1914 (130 aver. miles), gross, $140,612: op.
DIVS.-(Since 1901) '02-'04.y05-'07. '08. '09. '10. '11.
Scran5 5
int., taxes, &c.,5105,569; bal., def.,$142,603. Pres...3. J. Jermirn.Treas..
5 5 5 5 5 5
4 y'ly 5 y'ly
Olass"A"
&
Sec.
Tex.:
Dallas,
Cain,
B.
Ben.
Mgr.,
5
Gen.
&
5
-P.
5
V.
5
ton,
5
Pa.•,
5
5
5
y'ly
5
4 y'ly
Stock
p.
99,
V.
406.)
1089:
p.
44;
96.
p.
V.
93.
-(V.
Tex.
Dallas.
Knox.
W.Frank
34 Si 34 34 34 151
Olass"B"
to Bondsville;
Gross, $396,740; net. $138,847
HAMPDEN RR. CORPORATION.-Owns Springfield
EARNINGS.-6 mos., {1914
Stock
operated.
yet
not
1915
Jan.
in
but
Gross, 396.786: net, 143,545 Mass., 14.82 miles; completed,
11913
July 1 to Dec. 31.
an extenauth., 51400,000. On Dec. 2 1914 application was made (1) forFalls,
and
REPORT for year ending Dec. 31 1913 in V. 98, p. 1067.
sion of time for constructing the load to Holyoke and Chicopee
Bal.,
on
Div.
Dividend
other
on
any
Div.
of.
after
lines
Net
lease
or
Gross
Cal,
or purchase
Slap. (2) leave to sell to lease lines to,
Deb."B."
Taxes. Deb. "A." on Stock.
Mass. RR.comm..
by
Earns.
auth.
Year.
Bonds
1673.
p.
99.
V.
corporation.
railroad
$757,737 $203,882 (5)130,000 (5)1125,000 (34)543,750 55,132 but not issued. 31.900,000. Notes, about $2,000,000 6s, have been ex1913
761,502 248,234 (5)30.000 (5)125,000 (13087.500 5.734 tended one year to July 11915: V.99, p. 537. On July 2 1914 suit was filed
1912
DIRECTORS.-J.A.Jordan,Pres.; Edgar Palmer, V.-Pres.: Charles W.
against B. & M. to enforce alleged "contract liability" amounting to $4,Cox., Sec. & Treas.,40 Wall St., C. Ledyard Blair. J. A. Jordan, Henry R. 000.000, the approximate cost of road. V. 98, p. 1920; V. 99. p. 48, 748;
V. 100. p. 397.-(V. 99, 13. 48,537, 748. 1673; V. 100. I). 397.)
Taylor, W.J. Wilson.-(V.98, p. 912, 999. 1067; V. 100. p• 3970
HARRIMAN & NORTHEASTERN RR.-Harriman to Petros. Tenn., 20
Greene, N.Y.,8
GREENE RR,-Owns road from Chenango Forks tocharter
on
6%
for
miles. In Nov.1902 entire (*600,000) stock acquired in Interest of Clue.
miles. Leased to Delaware Lack. & Western for term of
By., but Is operated separately. V.76, p. 157.
stook. Stock. 5200.000; Par,*100. D. L. & W.owns *200.000 7% bonds. New Orleans & Tex. Pao.
Year to June 30
DIVIDENDS.-In 1907,4%; 1908. 234%; 1909, 2%. Int.,
taxes, &c..
GREENVILLE & WESTERN RR.-See Page 140.
1914. gross,$106,796: net. 345,981; other income, $2,078;
N.Y., $47,773; bal., sur., $287.-(V. 76. p. 212.)
GREENWICH &JOHNSONVILLE R Y.-Owns from Schuylerville.
Hud&
Del.
by
owned
all
*225,000,
Stock,
to Johnsonville. N. Y.. 21 m.
HARRISBURG PORTSMOUTH MT. JOY & LANCASTER RR.
son Co. V.90, p. 790. Bonds, see table above. For year ending June 30 Owns Harrisburg, Pa., to Dillerville Jct., 34.48 miles; Columbia Branch to
$17,115.
sur.,
Pennsylvania
bal.,
$44.434:
charges,
to
net,
$61,549;
Leased
$119,989;
1914, gross,
Columbia Station, 18.09 m.; total, 52.57 miles.
For year ending June 30 1913, gross. $135,697; net, $71,790. Pres., I. C. RR. for 999 years from Jan. 11861, rental covering int, on bonds and 7%
Blandy, Greenwich, N. Y.-(V. 86. p. 1224.)
on stock. V. 98. p. 453. 523.
R Y.-Hartford, Conn., to
GROVETON LUFKIN & NORTHERN la.-See page 140.
HARTFORD & CONNECTICUT WESTERN
14 miles. Leased till Aug. 1940
GUANTANAMO & WESTERN RR.-Owns from Boqueron at GranadIllo RhIneclIff, N. Y., 110 miles, and branch.
New York New Haven &
by
controlled
(now
Luis,
with
San
to
Maya
La
By.
Just°
and
San
England
via
Cuba.
of
New
south
coast
Bay on
to Central
stock.-(V.83,13.1290.)
branches to various sugar mills; total mileage, 81.26 miles. Incorporated Hartford RR.).the rental paying charges and 2% on
R Y.-Worth to HawkinsIn Maine. A reorganization after foreclosure March 1 1910 per plan V.88.
& FLORIDA SOUTHERN
LE
HAWKINSVIL
trackage over Georgia
miles;
52
p. 294. Controlled by syndicate. V. 93. Fr. 1725.
includes
vine, Ga., 44 miles; Ashburn to Camilla,
miles; total, 100 miles. This
Stock authorized and issued,common,*2,750.000; 1st pref.7% non-cum.. Sou.
& Fla., Worth to Ashburn. 4
p. 175, 365. Stock.
97,
V.
$100
shares,
all
1913.
of
par
Aug.
$250.000:
non-cum.,
pref.
and
5%
in
25
purchased
$2,750,000.
By..
Line
which
Gulf
&Florida.
the
Southern
Georgia
each. Equipment trust notes July 1914, $155,000; 2-year 6% redeemable $100,000, acquiredin April 1904 by
prin. & int. V. 97. p. 175. 365. For
notes, $395,000; bills payable, $25,500.
guarantees bonds (see table above),
income.
9399;
other
$32.723;
net,
$172,028;
EARNINGS.-For year ending June 30 1914, in V. 99, p. 1669, showed year ending June 30 1914, gross,
$21,265. Pres., J. B. Munson; Treas.,
gross, $465,222; net. $148,653: profit outside operations. $27,177; int., int., taxes, &c., $54,747; bal., def..
175.
365.)
p.
97.
Ga.-(V.
Macon.
taxes. &c., $76,401; amortization of disct. 2-year redeemable notes, $35.- W.P. Hopper,
Rockaway to Hibernia Mines, N. J.,
069; bal., rum, $64,360.
HIBERNIA MINE RR.-OwnsOct. 1930 at *6,000 yly.-(V.91.P.1766.)
OFFICERS.-G. St. L. Abbott, Chairman; M. H. Lewis, Pres.; Robert 434 m.. leased to Cent. of N.J. to
e page 140.
L. Dean. Sec.; G. St. L. Abbott. V.-P. and Treas. N. Y. office. 82 Beaver
111LO RR.. HAWAIL-Se
St.-(V. 95. p. 1470; V. 97. p. 950, 1500; V. 90, p. 1130, 1669.)
RY.-The company's main line extends from
HOCKING VALLEY 119.6
miles; Columbus to Athens, 75.6 m.' OldGUAYAQUIL & QUITO RY.-See issue of Apr. 1911, V. 99. p. 342.
Rockwell to Columbus, m.; total main line, 275.8 miles. with trackage
80.6
GULF FLORIDA & ALABAMA RY.-(See Map.)-Pensacola. Fla., town to Pomeroy.
Walbridge, 3.6 m.; (L. S. & M. S. Ity.),
to
Toledo
RR.)
Term.
to Broughton, Ala., 90 m.: Gateswood Jct. to Owen. 15 m.; sidings, 10 m.: (Toledo
2.5 m.; (P. 0.0.& St. L.Ry.)Columbus. 0., .5 m.;
Goulding branch. 234 m.: total. 11734 m. Under construction Broughton. Toledo to Rockwell,
282.4 miles. Branches, 45.4 m.; leases W.&
trackage,
and
line
main
Ala., to Pine Hill, 45 m.: piers. &c., Pensacola; V.95. p 1541: V. 97. P. total
to Jackson and branches, 19.4 m.; Pomeroy Belt By..
1203. Extensions projected so as to complete a direct line,Pensacola,
J. B. Ry., Dundas
m.; total. 351.2 miles; second track, 55.7 miles. Owns
to the coal and mineral territory of Northern Ala.. a total of265 miles, with Pomeroy, 0. 4Toledo
Terminal RIt. V. 99. p. 1210.
In
interest
33 miles of branches. V. 93. p. 1259, 163; V. 95. p. 419; V. 97. D. 49. 950. Part
Feb. 25 1899, per plan V. 68. p. 231. of
Autn. stk.. 11.500.000 5% non-cum. pi.: 16.000.000 corn.; par. *100.
HISTORY. &o.-Successor
& Toledo By. foreclosed. The coal lands aggreValley
Hocking
BONDS.-Of the lot 5s 1110.000.000 auth. Issue) 17.500.000 are issuable Columbus
covered by the consolidated mortgage.
are
acres, and
for main line and terminals, at not over *20,000 per mile: $500,000 for gate about 20.975
1914
'01.'02-'06. '07. '08-'10. '11. '12. 1913
terminals, &o., in Pensacola; *500,000 for bridges over Alabama and
DIVS.Below
12
IA 3 yrly. 3A 4 yriy. 7 7A
Warrior rivers and *500.000 for extra heavy work in Alabama. The re- Per
ju
cent
on
1910.
an
Jan.
to
7%
avg.
make
of
from
extra
434%
paid
for
or
reserved
1911
are
cost.
of
at
improvements
additions
90%
bonds
28
June
maining
the bonds. $2,324,000 have been sold. Sept.30.2%'Dec.31,27V.96, p. 1423. In 1914, Mar.and June,2%.
V 93, p. 163; V. 95. p. 419. Of year
1909.
p.
99,
For
Si.v
30
610.
p.
1914.
3%.
June
ending
gross,
98.
Dec..
$138.V.
none;
1541;
p.
Sept.,
V. 95.
976.
Roy C. Megargel. 35 Pine St., N. Y.;
-The pref. stock was paid off at par in 1910. V. 90, P.1022.
143; net after taxes. $65,729.F.Pres.,
STOOK.
B. Erwin,35 Pine St., N. Y.: V.-P. & Gen.
Treas..
1614: V.91. p. 154: V.92. p. 1032. 1701: V.93, p.
Sec., C. W.Byram:
1239, 1296. 1363.
Office,
Fla.
-(V,
Pensacola.Fla.
Pensacola,
stock.
98,
Ry.
owns
P.610)
58,825,500
Berry.
Ohio
Mgr.,G.A.
Chesapeake &
the
-See issue Feb. 1914.
BONDS.-The consols 1120.000,000 authorized), besides a lien on on
GULF & SABINE RIVER RR.
on Mississippi Sound. entire property. subject only to 13.842,000 prior bonds, have a first lien
from
Gulfport.
-Owns
RR.
ISLAND
SHIP
GULF &
the existing bonds
retire
are
to
reserved
consols
*3.842,000
lands;
Maxie
to
m.•
160.5
coal
Miss..
104.75
Mendenhall.
Jackson,
the
all
Gulf of Mexico, to
V. 72. p. 338; V. 74, p. 1038:
miles; total, 307 miles.
(the latter may be extended at maturity).
Land
m.: Saratoga to Laurel. 41.75
1911, 4%; 1912 & 1913, 2%. V. 86, p. 229. Substantially all of the bonds and stook of the Ohio
DIVIDENDS.-1903 to 1910.4% yearly;
Belt
By.. 18 miles, are deposited
Jackson
&
Wellston
the
and
Co.
authorized). 84.984.000 are out- & By.
of
Sunday
control
In
p.
Dec.
1914
823.
68,
V.
BONDS.-Of the first 58 ($6,000.000
being reserved to retire a like amount of old under said mortgage.
coal properties (see "Industrials") was sold to
standing, remaining *16,000 July
1914 *657,000 bonds were in the sinking Creek Co., which operates
bonds still outstanding. InSee V. 74. p. 426, and enunciation to list, V. 74, John S. Jones. V. 99. p. 1451. As to Kanawha & Hocking boat & Coke
callable).
see Sunday Creek Co. V.87, po. 815: V.88.
Co.,
Coal
Continental
fund (bonds not
the gen. & ref. serial 65 of 1911 (51.000,000 au- Co. and V. 91, p. 1235. Notes, see V. 99, P. 1214, 1130, 1366, 1528.
P. 1257; V. 81. p. 264. Of
retire the $500.000 6s due April 1911 p. 1135;
to
sold
were
$500,000
thorized issue),
EARNINGS.-For 6 months ending Dec. 31:
Columbia branch; $200.000 each were paid
Other Inc. Charges. Sal.,Sur'.
Net.
and $500.000 for construction of
Gloss.
460.
In April 1913 and April 1914. V. 92, P.
53,539.651 51,162,517 $68,360 $725,655 $505.222
877.284
Gross, $836,112; net, 5264.705 1914
113,375 769,072
1,532.981
4.282,599
EARNINGS.-6 mos., {1914
1913
Gross, 1,074.125; net, 400.034
1913
July 1 to Dec. 31.

65

RAILWAY STOCKS AND BONDS

1035

I
GULF, FLORIDA & ALABAMA
RAILWAY COMPANY

A tam°
Alton
go
-ml hboro
•

ar—dsville

l'ICTNNATI

MAP SHOWING T.HE LOCATION OF THE

hits

k...

DEEP WATER ROUTE
WITH NORTHERN CONNECTION

BellevHle
—bliIlsta
LVernon

LCarm 1

ow Alban

enton

Owensboro

Junction Cy.

Cecilia

wland

"
ow

Horse Br.
Madisonvi

Ca e Char eau

1 C

Livingston

-C
Glasgow .15.

Nortonvillel
adncah

seer

wling Green
Hopkinsville

s,
Russellville

Scottsville
----Oneida

nettle

City

n

Livingston

Gallatin
Paris
o.

Lebano
NASHVILLE

arriman Jc.

Humboldt
McMinnville

Ripley

Lexington

Pikeville

Colusnb

Jackson

Athens
ellic
Aliens Creek

olivar

Vic oria
Chattanooga
Pitts OM,

Moscow
Huntsville

Corinth

Stev noon

rialto

Holly Siva
Tuscurnbi

Decatur
Guntersville

oEN.

Haleyville

adsden

Mancheste

Ced rtown

Tutwl er

AT -N TA

JrASPE
°AMMAN
Mane
argan
Wile
Eta { 11

and

sou. Annis n
AM
a ladega

regenl
Olen
Snyde

A °sift

\Be

nan

Roanolt

Sylacauga

La

Tchula

Chipley

La Fayette
Mapleav
Opelika

o Elmo
Pretty le
R. 4..

Payto
Newton
cksburg

i

ACKSON

•atoga
Brockhave

ONTGON ERY

T

Laurel

liver Cr elt•

.ASYON
>Sepia'!"
Arlingto
Arno
PINEHIL
-.S..
Tallow ell
(CoEl
tt Bells andla
ran kliri
Aix°
m

liurtsboto
Union Spa.
Richland
Eufaula
Cuthbert
Abbe We.

JO E VILe
Vinegar
esvllle

attlesb

McComb

ocal
Dotha

LibertY

GULF, ROMA S ALABAMA NY.
'DEEP WATER ROUTE..

"

.
'noon

Gulf

°Shell B
°Belair

PRNSACO.L.4

PENSACOLA TERMINAL

66

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first pace]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

[VOL. 100.

When
Last Dividend Places Where Interest and!
Payable and Maturity
Dividends are Payable

Hollidaysburg Bedford & Cumberland RR—See P enns yl yenta RR
bg M
25 1892
2230.000
$1.000
Hoosse Tunnel & Wilming—lst M $250,000 g ----0Bz
-- 1907
bg J
1.000 4.771.000
Hous Belt EcTer—lstM $5,000,000 g red 105 textCexc*
J
6
20 1907
420,000
100
Nous Et Brazos Valley—lst II (true Mere Tr Co, St L)
5 g BE
191 1893
1.000 2.527,000
Hous E & W Texas-1st M gu p & 1 by So Pao_Un.zo•
z
First mtge 63,000,000 gold not guaranteed
191 1893
5 g Id
473,000
1.000
5g 3
lions & Tex C RR—lst Ml gr g red 110 int gu Ce.zo•&r
453 1890
1.000 1.615,000
General mortgage gold interest guar end_Mp.zo*&r
453 1890
4¢ A
1.000 4,161,000
Waco Ss NW Div 1st Mg 625,000 it m___Ce.zo* &r
58 1900
6 g NI
1.000 1.105,000
Austin & NW (merged) 1st Mg gu p &.My.zo•&r
5g I
103 1891
1.000 1,920,000
Ft Worth & New Orleans 1st M(Wax to Ft W)_- -z
1
41 1895
6
709.000
1 000
Cut-off 1st Al $3,000,000 auth (V 94, p 131)
J
6
94 1910
1.000 2.383.000
Hudson Companies—Common stook $5,000,000
100 5,000.000
Pref 7% cum and partio see text $16,000.000
8.000,000
Secured notes
-----------1.500.000
x
8
Hudson & Manhattan (Hudson River Tubes)—
New York & Jersey first mortgage red 110_(1.xe*
bg F
--- 1902
1.000 5,000.000
First mortgage convertible
(1.xctEcr
--- 1907 $, ¢ or fr
434 g F
944,000
First lien & ref M $65,000,000 g red 105_Ce xc*&r*
5g F
--- 1913
100 &c 36,503,000
Adjust inc M $33,574.000 red par cu beg'20(11c*&r_
--- 1913
500 &c 33.102,000 Up to SA
Real estate mortgages
1,125,500
Car trusts 246,000 eine semi-ann (V 88, p 624)__Oz
11
___ Oil§
5
1,000
368,000
Car trusts ser B g due $25,000 s-a(V91,p 1253)(1Z.0*
5g A
300,000
--- 1910
1,000
Car trust ser C due 221,000 s-a (V 92. p 1025)__Clz
fig F
273,000
1911
1,000
_
Huntingdon & Broad Top—Common stook
fii ____
50 1,371,750 See text J
Preferred stock 7% non-cumulative
70 --50 2.000.000 See text J•
First M extended in 1890 (int only in gold)---(1Px
418,000
4g A
70 1854
500
Second M old 7s extended in 1895 p & 1 gold__(1Px
367.500
4g F
70 1857
500
Third BE cense' extended in gold in 1895-GP.xo*
fig A
70 1865
1,000 1,407.000
Car trusts gold due $33 000 yearly(V 84,p 1424)-x
434 g A
236,000
1907
1.000
Iberia & Vermillion—First mtge gold
z
5g F
16 1893.
322,000
1.000
Idaho Southern—lst lien notes part due y'ly red 10234
1,1
450.000
c
1909
1.000
Idaho & Wash Nor—First M gold red text
ICx
5 ¢ 14
113 1907
1.000 3.390,000
Five-year convert notes red text
J
8
(Lxo•
-__ 1910
1,200,000
1.000
Four-year coupon notes $800,000
CI.xcs,Str
14
729,000
6
1912

&
&
&
&
&
&
&
&
&
&
&

S Sept 1 1922
J July 1 1937
J July 1 1937
N May 1 1933
N May 1 1933
J July 1 1937
0 Apr 1 1921
N May 1 1930
J July 1 1941
D Dec 1 1925
D June 1 1940

165 Broadway. New York
do
do
•
165 Broadway. NewYork
do
do
do
do
do
do
do
do
do
do

Aug 1 1918

Harvey Fisk & Sons,N Y

&
&
&
&

A Feb
A Feb
A Feb
0Feb

&
&
&
&
&
&
&
&
&
&
&
&
&

&

Old Colony Tr Co, Boston
Central Trust Co, N Y

1 1932
1 1957
1 1957
1 1957

Guaranty Trust Co. N Y
FI.Fisk & Sons,N Y&Lon
H Fisk & Sons, N Y&LOD
1% paid Oct 1 1914
Harvey Fisk & Sons, NY
S Sept'15-Moh'19 Guaranty Trust Co, N Y
do
do
0 Apr '15-Oct '20
do
A Aug '15-Aug '21
do
J Jan 28 1904 1% Phi% offloe.No Am Bldg
do
do
J Jan 25 1908 3)4
do
do
0Sept 30 1920
do
go
A Feb 1 1925
do
do
0 Moh 31 1925
0To Oct 1 1921 Philo Tr S D & Ins Co
SoPacCo 165 B'way N Y
A Aug 1 1943
In default
N May 1 1914
III Tr & Say Bk, Chicago
N May 1 1932
Guaranty Tr Co. N Y
D Dec 1 1915
do
do
N May 1 1918

•
ANNUAL REPORT.—Trafflo is mostly freight, and over 70% of this 18
bituminous coal. Average revenue train-load is large—in 1914, 1,000 tons.
Report for year ending June 30 1914 in V. 99. p. 1210.
Year ending June 30—
1913-14.
1912-13.
1911-12.
Operating revenue
$7,021,145 $7,817.644 27,303,679
Net
2,217,398 2,833,801
2,724,637
Other income
448,920
772,478
694.156
Gross corporate income
Fixed charges, &c
Dividends on common

$2,666,318 23,606,279 $3,418,793
21,710,577 $1,889,875 $1,587,957
(8)879,960(1134)1,264.943 (7)770,000

Balance, surplus
$75,781
$651.461 21,060,836
OFFICERS.—Chairman of Board, Frank Trumbull; Pres., Geo. W•
Stevens, Richmond, Va.; Sec., Carl Remington; Treas., Jas. Steuart
MacKie. New York.
DIRECTORS.—Frank Trumbull (Chairman), F. H. Davis, F. It. Huntington and H. E. Huntington, N. Y.; Geo. W. Stevens and Decatur Axtell, Richmond, Va.; J. B. Zerbe and James H. Hoyt, Cleveland; C. E.
Graham, S. P. Bush, It. S. Warner, Columbus, O.; Clarence Brown,F. J.
Reynolds, Toledo, 0.—(V. 99, p. 1214, 1366. 1451, 1528, 1909.)
HOOSAC TUNNEL & WILMINGTON RR.—Hoosac Tunnel, Mass..
to Wilmington. Vt.. 25 miles. Made standard-gauge in 1912. V. 95, p.
1541. Stock. 8250,000: par. $100. Divs.: In 1903, 2%; year 1905-08.
85',; 1910-11 and 1911-12, 10%; 1912-13 and 1913-14. none. Earnings for
1913-14, gross, $100,635; net, $704; bond int., $11,550; charges, $4,296;
def., $15,143. Pres., John P. Kellas,vMalone, N. Y.—(V.95, p. 1541.)
HOUSTON BELT & TERMINAL RY.—Owns a terminal line in and
around Houston. Tex., 20 miles, with large freight and passenger terminals. Controlled by four proprietary roads, viz., Beaumont Sour Lake
& Western Ry., Gulf Colo. & Santa Fe (Atchison System), St. Louis
Brownsville & Mexico Ry. and Trinity & Brazos Valley Ry., which each
own 25% of the $25,000 stock and, under the terms of an agreement dated
July 1 1907, agree to pay, under a pro rata wheelage basis, operating expenses, and, on a one-fourth basis, int. on bonds and annual sink, fund of
1% of bonds issued. The Terminal Co. has leased from Gulf Colo. &
Santa Fe Ry. for 99 years from July 1 1907 all of its property in Houston,
Tex., and the Terminal Co. has agreed to pay monthly rental and maintain
the property.—(V. 96, p. 652; V. 97, p. 1286.)
HOUSTON & BRAZOS VALLEY RR.—Owns Anchor via Velasco.
Tex.. to Freeport and Lighthouse, 23.6 m.; trackage over Intern. & Great
Nor,for b years from Nov. 10 1912 from Anchor to Houston, Tex., 40 m.
The Missouri Kansas & Texas in April acquired a half interest in the stock.
B. F. Yoakum and associates being interested also. V. 98, p. 1021, 1089.
Stock auth., $120_ ,000; out,$24,000. Of the $420.000 bonds, one-half are
guar. by the M.K.& T., prin. and int., which has purchased $92,000 additional. V. 97. p. 1590. For year 1913-14, gross. $56,180; oper. def.,
$47,189: charges. $35,097. Pres., Chas. E. Schaff.—(V. 96, p. 1089.)
HOUSTON EAST & WEST TEXAS RY.—(See Map of Southern Pacific.—
Owns from Houston, Tex., to Sabine River at Logansport, 191 miles.
Stook $1,920.000. of which $1,919,100 owned by So. Pao. Co., which has
guaranteed $2.527,000 of the bonds, prin. and int., by endorsement, reserving the right to call them at 105 It Int. V.70,p.841; V. 71, p. 236.
Div., 16% paid in 1902-03, 30% in 1907-08, 10% in 1909-10, 11% in
1911-12 and 4% in 1912-13, out of accumulated surplus. Year 1913-14.
Foss,$1,443,372; net,$381,676; other income,$15,401; charges,$339,044;
'bal., sur., 258,033. In 1912-13, gross,$1,403,270; net.3343.839.—(V.78,
p.284.)
HOUSTON & TEXAS CENTRAL RAILROAD.—(See Map of Southern
Pacific.)—Owns from Houston, Tex., to Denison, Tex., 338 miles; Hempstead. Tex., to Llano, Tex., via Austin, 215 miles; Brernond to Ross, Tex.,
55 m.; Garrett to Ft. Worth,53 m.; Mexia to Nelleva, 94 m.; Giddings to
Stone City, Tex.,39 m.; other,34 m.; trackage, 1 m.; total, June 301914,
830 miles. Trackage rights over San Antonio & Aransas Pass from Giddings to Flatonia, 38 m., and Galveston Houston & San Antonio from Flatonia to San Antonio, about 90 miles. Successor 1893 to railway foreclosed.
V. 45, p. 792, 820.
STOCK.—Stock, $10,000,000, of which the Southern Pacific) Co. owned
$9.998.400. par $100. V. 78, p. 1084, 1192. 1407. In 1902-03 6% was
paid out of accum.surp.;in 1910-11,20%; 1912-13,3%. V.76. p. 1407.
BONDS.—The bonds are being gradually reduced with proceeds of land
sales. The first mortgage was for $8,634,000.
Bonds may be called
at 110 and Int. with proceeds of land sales. See abstract of mortgage in
V. 52. .p. 242. Of the $5,068,000 consolidated 6s authorized. $1,149,000
(on which no int. is paid) are held as part security for the general 4s. Southern Pacific Co. owns 2450,000 Lampasas extension interim Se.
LANDS.—The lands June 30 1914 held for cancellation of bonds conflicted of 8,984 acres; land contracts, $79,221. V. 85, p. 869.
Year 1913-14, gross, $6,570,737; net, $994,058; other income, $62,733;
charges, $1,491,995;[bal., def., $435.204. In 1912-13, gross, $6,849,653;
net, $1,334,337; other income,$86,125.—(V.99, p. 608; V. 100, p. 474.)
HUDSON COMPANIES.—Incorp. Jan. 9 1905 in New York. Holding
company for Hudson & Manhattan RR. Co. (see below). Owned Dec. 31
1914 $2,307,613 of the $5,242,151 Hudson & Manhattan RR. pref. and
$25,171,209 of the $39.994,890 com.stock. Also owns $2,000,000 stock of
Greeley Square Realty Co., whose building at 33d St. and B'way, N. Y.,is
leased to Gimbel Bros., and $2,877,000 of its Ref. b% bonds. V. 90,o.
1614, 234; V. 91.p. 1773; V.88, p. 748, 1127; V. 96,p. 197; V.98,p.73.
by $25,000,000 Hudson & ManThe 6% notes due Aug. 1 1918 are secured
hattan RR. corn., $1.000,000 pref. stock and $1,000,000 corn. Greeley
Square Realty Co. and $24,500 1st ref. M. bonds. V. 98, p. 233. Other
obligations have been paid. See V. 100, p. 140, 54.
REPORT.—Report for calendar year 1914, V. 100, p. 227,showed total
bal., sur., $41,125. W. G.
Income, $145,161; int., taxes, &c., $104,036;
Oakman,Pres.; Wm.Henry Barnum, V.-P. & Treas.; Wm.Everdell, Sec.
Office, 62 Cedar St., N. Y.—(V.100,P.54,140, 227,229.)

HUDSON & MANHATTAN RR.—(See Map.)—Owns and operates
double-tube electric tunnels opened in 1908 from Sixth Ave. and 33d St..
N. Y. City, under the Hudson River to the D. L. & W. RR. station,
Hoboken. N.J..and thence southwardly through the Erie and Pennsylvania
RR. stations in Jersey City and under the Hudson River to the Hudson
Terminal Buildings on Church St.(one block west of Broadway),extending
from Cortlandt to Fulton St. Total double-track tunnel in operation, 7.91
miles. Also affords through service between Newark and N. Y. City.
using Penn. RR.tracks front Jersey City to Newark. V. 90. p.635. 1041:
V. 93, p. 871, 1259. 1462; V. 94, p. 1248. The P. S. Commission has extended the time for beginning the proposed line from 33d St. to Grand Central Terminal to Apr. 11915. V.98, p. 999, 1156, 1993. Owns the extensive Hudson Term. Bldgs. Fares, see V. 93, p. 1462: V. 94, p. 1507.
STOCK AND BONDS.—Under the readjustment of Jan. 14 1913 (without foreclosure)(V. 96, p. 208) fixed charges were reduced from $3,021,660
to 81,851,750. The plan was assented to in 1913 by about 9834% of the
434% bonds and 9534% of stock. Application to list, giving description
of new securities, &c., V. 98. p. 393-8.
First Mortgage Dated Feb. 1 1913, Due 1957. $85,000,000 Authorized.
$36,563,000
Now issuable, 5% callable on any int. date at 105
Reserved (interest rate not to exceed 5%)for—
(1) Retirement of N. Y.& Jersey RR. 1st Se, 1932. callable
110 ($5,000,000), $944,000 1st M. 4;4s, due 1947. car
trusts due Sept. 1 1913 to Aug. 1 1921 ($1.263.000) and
real estate mortgages ($1,207.500). not over
9.536,000
(2) Additions, betterments and equipment; also for extensionsfreefrom prior encumbrances,provided t he annual net
income of the company is 134 times the interest upon the
new 1st M.bonds,incl. those then about to be issued,say- 12,901,000
(3) For extension to Grand Central Railroad Station on conditions stated in (2), not over
6,000.000
Adjustment Income Mortgage Bonds, Due Feb. 1957.—
Interest payable out of surplus income as ascertained by the
board, and cum.from Jan. 1 1920. as stated in V.96, p. 209.
Total issued in part exchange for first mtge. bonds
33,102,000
Reserved for exchange for remaining 1st M. bonds
472,000
Capital Stock—Preferred 5% non-cumulative
6,242,161
Common stock
39,994,890
The deposited stock is to be held for 5 years in a voting trust and
so long as the adjustment bonds shall not have received full 5% int. for the
preceWng year, the holders shall have the right to nominate or approve
up to one less than a majority of the board. Voting trustees: Charles
Francis Adams 2d.. Boston: Felix M.Warburg and Albert H. Wiggin. N.Y.
In July 1914 was authorized to issue $154,000 1st M. 5s and in Sept.
$202.500. making $36,919,500 outstanding. V. 99. p. 196,406.
INCOME INTEREST.—Interest on income bonds.6-6 of 1% for 5 mos.
(rate 2% yearly) paid Oct. 1 1913; 1914,April,1%;Oct.,1%. V.99,p.674.
EARNINGS.—For 5 mos. ending Nov.30 1914,gross, 22,225,920, agst.
$2.238,730 in 1913; net,$1,128,296, agst. $1,113,616; bond int.. $883.585:
bal. available for adjustment int.. $244,710.
REPORT.—For calendar year 1914 (Nov. and Dec. partly estimated),
gross, all sources,$5,550,000. agst. $5512,762 in 1913; net, after deprec'n,
$3,059.000, agst. $2,997,125; deductions other than bond int., $250,000:
bond int. on toresent basis, $2,120,605; balance, available for adjustment
int. $688,395. V. 100, p. 64.
Report for 11 months ending Dec. 31 1913 at length, with balance
sheet, in V. 98, p. 1067, showed: Gross (railroad), $3.433.333; net, after
taxes, $1,830,689• net income Hudson Term.
&c., $860.178; nonoper. Income $31,666; deductions prior to bond
Bldgs..
int., 2245,078: fixed bond
int., $1,857478; income bonds int.. 2% y'lY. $607,091; bal., Bur., $12.685.
OFFICERS.—Pres.. Wilbur C. Fisk; V.-P., R. W.Metre; Sec. & Treas..
J. S. O'Neale; Comp., le: H. Sillick. N. Y. office, 30 Church St.—(V. 98.
p. 1156. 1767, 1993; V. 99, p. 196, 406, 674, 816; V. 100, p. 54, 397.)
HUNTINGDON & BROAD TOP MT. RR. & COAL CO.—Owns front
Huntingdon, Pa., to Mount Dallas, Pa., 44 miles; branches. &o., 28 miles.
of stock has been deposited with b
DEPOSIT OF STOCK.—Over
trustees (Drexel & Co., Phila. depositary) under agreement providing for
sale on or before April 1 1918 oisame, which shall not be less than a majority
of the outstanding stock (the pref. at not less than $50 and the cont, at not
less than $25 per share.) V. 96. p. 420. 1021, 1297, 1488.
DIVS. '98. '99. '00. '01. '02. '03. '04. '05. '06. '07. '08. '09-'13. 1914
1
Comm on 0 0 0 0 0 5
0 0 0 0
0
0
Preferred b 5 34 7 5 6 7 8 534 734 7 334
0
ANNUAL REPORT.—Report for 1913 was in V. 98, p. 1683
Cross.
Net.
Interest.
Bal., Sur,.
$555,836
$144,017
1914
$106,190
$37,827
684.180
202,660
1913
106.190
98.470
642,921
176,131
1912
69,941
108.190
Pres.& Gen. Mgr.,Carl M.Gage.—(V.68, p.453,1683; V. 100. p.474.)
HUNTINGTON RICHMOND & HAMILTON.—See page 140.
IBERIA & VERMILION RR.—Salt Mine Juno. to Abbeville, La., 16
miles. Stock. 2300400, of which $299,500 owned by Morgan's Louisiana
& Texas RR.& SS. Co.(So. Pac.). All bonds are owned by sinking funds
of proprietary companies. Year 1913-14. gross $71,028; net, $15,618;
other income, $1,844; charges, $28,209; bal., def., $10,747.
IDAHO SOUTHERN RR.—See page 140.
IDAHO & WASHINGTON NORTHERN RR.—Owns McGuires,Ida..
to Metaline Falls, Wash., 105.15 miles; Coleman, Ida., to Clagstone. Ida..
6.15 m.; total, 111.30 m. Stock auth.,$5,000.000; outstand'g,$3,172,100.
Chic. Mllw.& St. Paul By.in Jan. 1914 acquired about 83% of the stock
and all of the bonds and notes except $60,000 1st M. bonds in exchange for
Its 4% bonds. V. 99, p. 833; V. 98. p. 386: V. 89, p. 411; V. 91, p. 1710.
The cony.6% notes were callable Dec. 1 1914 at 103. V. 92, p. 118. Car
trusts June 30 1914, $10,304; loans and bills payable, $256,494.
,
EARNINGS.—For year ending June 30 1914, gross, $491,700; net.
$130.504; other income, $30,055; int.. taxes, &c., $356.530: bal.. def..
$195.971.—(V. 98, p. 386.)

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RAILWAY STOCKS AND BONDS
67

68

RAILWAY STOCKS AND BONDS

[VOL. 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Dividends are Payable
Payable and Maturity
%
Road Bonds Value Outstanding
[Far abbreviations, &c., see notes on first page]
SMch 1'15,23i% 32Nassau St,N Y. & Lon
&
M
1914
in
$1092960005
$100
$123.552,000
-Stock
Illinois Central
do
do
J & J1Jan 1 1915 2%
100 10,000.000
4
remarks)___z
Leased line 4% stook guaranteed (see
London, England.
£200 2,500.000
4 g A & &Apr 1 1951
1878
6s extin 1895_ _z
First mtge oO Sterling bonds old
do
D Deo 1 1950
do
&
J
¢
£200
1905_z
1875
1.000.000
314
in
extended
bonds
Sterling
1874 for
32 Nassau St., New York
4 g J & J Jan 1 1951
706 1886
1.000 1.500.000
$15,000,000145 of 1880 due 1951 gold_ _ _zo•&r
do
do
1.000 2.499.000
334 ¢ J & J Jan 1 1951
I 1886
secures a I 1 3 Sis of 1886 due 1951 goid_zo'&rI
London
1951
1
Mch
S
&
g
M
£200
3
gold___zo•&r
1895
£500,000
1951
due
equally _Us 3s of 1895
New York and London
3 sig A & 01 Apr 1 1951
1 1903 1,000 &c 3.000.000
1903 due 1951 goldzo'&rJ
(V 83. p76)J3 Sis of by
Baring Brothers, London
£200 5.266,000
-_ 1886
334 g J & J1July 1 1950
Ch St L & NO cons)- U s.z
Trust bowie sterl. (sec
32 Nassau St., NewYork
1,000 2,000,000
334 g J & J Jan 1 1951
111 1898
1237) gold- Us.yo•&r
First M Sp Div ref M (V 66,9Normal
do
do
F & A Aug 1 1921
Juno & br_ _zr
5
968,000
131 1881
1.000
Kaiak & SW 1st if Otto to
do
do
4 g J & D Deo 1 1950
-__ 1892
1.000 3,000,000
Cairo Bridge bonds gold (see remarks)--Us.z0-•&r
do
1951
1
July
do
J
&
.
J
1
g
239 j1897
500 &c 8,377.000
334
St Louis Div & Term M $10,000.000gold _Us.yo•&r
do
do
11897
1.000 4.998.000
3 ¢ J & J July 1 1951
*5.000.000 (see V 65, p 1173) g-Us.yo•&r
do
do
do
17 1883
1,000
6 g J & D June 1 1923
470.000
Underlying St LI Belleville & Carondelet 1st M_zo•
do
do
1 1931
4 g M & S Sept
538,000
1,000
30 1886
Div & Termi- St Louis Southern 1st Mg_Ba.zo•
1932
1
MOh
S
&
M
g
4
241.000j
do
1.090
do
17 1887
nal mortgage_ Carb & Shaw 1st M gold___ze*
do
do
748 1904 1.000 &e 12.000.000
334 g J & J July 1 1952
Purchased lines 1st if $20,000.000 gold_ _ Us.xc•&r
do
do
4 g M & N Nov 1 1955
Ref M (Nor Lines) $120,000,000 g red_43.xc*&r* 2.187 1908 1.000 &c 37.740.0001
do
do
4 g A & 0 Apr 1 1952
857 1888
500 &c 15.000,000
Us.zo•der
Collateral trust bonds gold $
do
do
4 g M & N Nov 1 1953
798 1892
500 &c 25,000.000
Coll trust $25,000,000 gold on L N 0 & T_Us.zo•&r
do
do
218 1895
4 g F & A Aug 1 1951
1.000 5.425,0001
Us.zo•&r
Western lines first mortgage gold
do
do
b g J & D 15June 15 1951
567 1881
1.000 a16,635.000
Ch St L & N 0 cons M ($18.000,000) g lot gu-xo•&r
do
do
guaranteed principal and interest
do
334 g J & D 15June 15 1951
1.000 1.359,000
567 1867
x
Joint 1st & ref M (Southern lines) $120,000,000do
do
1963
1
Dec
D
&
J
g
after
&c
110
600
b
1913
1
Dec
1,512
F.y.c*r*
1918-28,348.100
Series A callable
Baring Bros. Lon & N Y
5 g J & D Dec 1 1963
1.512 1913 £100 &c £1,000.000
Series B callable at 110 after Dec 1 1918
32 Nassau St.,New York
4 g J & D Deo 1 1951
100 1889
1,000 $3,500,000
Mempnls Div 1st M gold guar p & I (end)-Us.zo•
do
do
640 1897
500 &a 23,888,000
Us.yo•da
3 Si ¢ I & JJuly 1 1953
Loulsv D & TM $25.000.000 g
do
do
F & A Aug 1 1951
Us.xe•&r
3g
130 1900 1.000 &e 5,000.000
Omaha Div lit 11 g $5.000,000
do
do
1951
1
Jan
J
&
$4.000,000
Mg
J
1st
1900
Div
98
F.xo•
1.000
g
3
3,235.000
Mob
Jan 1 1923
4g
--- 1908
All owned
1st Ilen eqM $30.000.000(less$9.515,000canceled) Usa
--_ 1913
6.400,000
Equip eq certs g ser A $400_,000 s-a red text _ _ ....a
434 g F & A Aug '15-Feb '23 NY off or Cam Tr,Phila
B
gser
(V
-a
s
due$175.000
p
5g If & A Aug '15-Aug '23
97.
1.000 2,976,000
299) x
1913
do
do
Ch StL &N 0 eq tr ser A g gu red 10234 beg Dec'19
c5
1914
1,000 5,000.000
5 g J & D June'15-Dec'24
due $250,000 semi-ann
Tows Fail. & Sioux City-See statement of Dubuc' ue & Sioux City.
First Tr & Say Bk, Chia
FC.xo•
136 1911
1,000 2,018.000
5 g J & D June 1 1951
Illinois Southern-lst M gold $3,000.000
M & S June 1 1951
1C.xo•
Income bonds $1,380,000 authorized
1,000 1.380,000
-a Includes 85.266.000 cense' 5s pledged to secure /11inol s Centr al collate ral trust he id. of Di ilitt

I

ILLINOIS CENTRAL RR.-(See Map.)-ROAD.-Operates from Chicago. Ill., southerly to New Orleans. La.. 912 miles. and westerly to Sioux
City. Ia.. 509 miles, with numerous branches, viz. (*which see):
Miles.
Leased-Control ownedRoad owned in feeMiles
Chicago St. L. & N. 0. RR.,
Chicago to Cairo. /II_ _ rain
Cairo, Ill., to New Orleans___ 547
Centralia. III., to East stem- 706
Line to Louisville, &o
Dubuque, Iowa_ _
755
761
Mem..Tenn.,toMem.Jct.,Miss 98
Dubuque & Sioux Cl-t-y•
97 St. Louis Alton & Terre Haute- 231
Springfield to East St. Louis
Entirestk.owned-Branehes,&o 984
Peoria. /II., to Evansville, Ind..
234
Trackage, &c
with 6-mile branch
179
Indianapolis, Ind.. to Effing177
Total operated July 1 1914_4,769
ham. Ill. (V. 93, p. 880)
HISTORY. LEASES. ft.-Chartered on Feb.101851. The:company paye
to the State of Illinois 7% (for the 12 months ending Apr. 30 1914, II.393.383) of gross of the 706 miles owned in tee yearly in lieu of taxes. The Chicago St. L. & N.0.is leased for 400 years from July 1 1882 at 4% per annum
on its 510.000.000 stock deposited to secure the leased line stock.
Owns all the cap. stock (*5.000.000 common and $15,000,000 pref.) of
Central of Ga. Ry. but road is operated independently. See that co.above.
V. 86. p. 668; V. 88, p. 1559; V. 93, p. 1668. 1316.
The entire stock of the Yazoo & Mississippi Valley RR..1,372 miles. Is
owned in the interest of the Illinois Central. the latter also owning nearly
all of the bonds, which are deposited as collateral. Year end. June 30 1914.
operating revenues,$12,552,596; other Income. 71197,025; total,$12,749,621;
perating expenses, taxes and interest, $12,489,811. In July 1913 the
ississippi authorities brought suit to compel the sale of the securities
of the Yazoo road held by the Illinois Central. V. 97, p. 237, 365.
In Feb. 1913 purchased all of the stock of the Chicago Memphis & Gulf
RR., Dyersburg, Tenn., to Hickman, Ky.. 52 m. V. 96, p. 420. 716.
CAPITAL STOCK.-The leased line stock is secured by deposit of $10.000.000 Chicago St. Louis & New Orleans stock. (V. 65. p. 1071.)
In July 1914 Union Pacific owned 531.700.000 of the stock. V.84. p. 51.
102.570; V. 86. p. 480; V. 90, p. 700; V. 86. p. 981. 1529.
DIVS.1 '87. '88. '89. '90. '91-'99. '00.'01Sep.'04'05 to'12.'13. '14. '15.
6 5 235.m.stir] 7 7 5)4 6 5 yearly 534 6 yearly 7 yearly
BONDS.-Catro bridge.s ee adv. in "Chronicle." May 7 1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago St. L.
& New Orleans consols of 1881: also by a lien on the road. See V.86, p. 1343.
Collateral Trust bonds of 1952 are secured by pledge of $16,350,000 5%
1st M.bds. of subsidiary railroads covering 854 miles; see list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are secured by pledge of all
the Loulsv. N. 0. & Texas (now Yazoo & Mississippi Valley RR.). $16.900.000 1st mtge. bonds, except 568.000. all the $9.104,000 mtge. Incomes
and all land grant incomes, $6,553,277; V. 54, p. 964; V. 61. p. 112.
Chicago St. Louis & New Orleans 5s have their interest guaranteed (by
endorsement) until the principal is paid. The 3SO of 1897 are guar., principal and interest, by endorsement-see guaranty, V. 65. p. 1071.
The Western Lines loan of 1894, see "Supplement" of Jan. 1899.
The St. Louis Division & Terminal bonds are for $15,000,000 authorized.
$1,499,000 are held to retire $1,400,000 underlying bonds. Abstract of
mortgage in V. 66, p. 138. See also V. 66, p. 133; V. 71, p. 546.
Louisville Division & Terminal mtge. is for $25.000.000: of the bonds
81.112.000 were reserved to purchase the 46 m.(Cecina br.) from Louisville
& Nashville and to retire the L. & N. bonds thereon. Chicago St. Louis &
New Orleans took title to the Loulsv. Div. and joined in making mtge. See
V.66, p. 136, for abstract; also "Supplement" of Jan. 1899. V. 65,9.367.
516; V. 66, p. 133; V. 67. p. 581: V. 75. p.671; V.97. p. 887. 1024.
Of yourchased lines 334s of 1904 $14,662,000 were issued on 748 miles of
subsidiary branch lines purchased, of which $2,662,000 have been canceled
In Jan. 1911 and ref. bonds substituted therefor. There are also $5.838,000 reserved to retire at maturity $968.000 bonds of the Kankakee
& Southwestern lsts due 1921 (see bond table above) and $4,370.000 bonds
of the Chicago Madison & North.(231 m.). which are pledged for the coll. tr.
48 of 1952. (See V. 71. p. 288; V. 79. p. 1273. 1642, 2588: V. 81, P. 1105.)
The refunding mtge. gold 4s of 1908 (auth. $120,0.000)
00
are subject
to call at 107 and int. M. & N. beginning Nov.
1 1918. See V. 87, p.
1357, 1420; V. 88,9. 295; V. 92, p. 261. 527, 1636; V. 97, p. 1024; V.98.P•
1459, 1608; V. 99, p. 1300. Cover main line, Chicago terminals, so-called
purchased lines, Springfield Div., the St. Louis Div. &c. a total of 2,187
m.,subject to bonds aggregating $61,766.000, incl. *2%500,000 Chic. Havana & West. 5s and Rantoul RR. Si roledged under 4s of 1952.
Purposesfor which $79,260,000 fief. Bonds (Nor. Lines) Unissued were Res'ed.
To retire a like amount of prior lien bonds
$59,026.000
Additional main track, Improvements, funding debt. &c___ _ 20.234.000
The Illinois Central and Chic. St. Louis & New Orl. RR. Joint First Refunding M. bonds (*120.000.000 auth. issue) are issuable in series bearing
Interest at not to exceed 5% and are secured on about 1,512 miles of the
Southern lines, including the main line from Cairo, Ill. to New Orleans,
La.,&c.,and comprising all the system lines south of the'Ohio River except
the Chicago Memphis & Gulf RR., the Brookhaven & Pearl River RR.(52
m. and 21 m. respectively) and the Yazoo & Miss. Valley RR. V.97. p.
1822, 1733, 1204: V. 98, p.1459, 1608; V.99,p.1300; V.100, p.397,474.
Purposes for which said 5120,000.000 Joint Bonds are Issuable.
subsidiaries for the purchase and
(a) To reimburse the CO. andterminal
moperties, &c., covered
Improvement of railroads,
Sac. A and £1.000,000 Ser. Ft
($5.000,000
by this mortgage
$33.348.100
sold in 1913 and remainder in Jan. 1915 prior mortgages
50.132.000
tO) To refund or retire a like amount of
etc.
36519,900
(c) For future improvements, construction,
'
Equip. 434s 1913 callable at 1023.6 after Feb.1 1918. V. 96.9.135.553.
-In Sept. 1913 the dividend rate was reduced
GENERAL FINANCES.
d
n
n
ui
,
f
s
e
5
R
e
Ref.
.
I
First
4
lVig
.in
sud
aya
anJdunin
Joint
e
$10,000,000
to 5%. In Dec. 1913 sold
$5,000,000
1914 $10.000,000 Joint Ref. 5s and5s.
sold
1914
Dec.
5%
In
*5,000.000
Ref.
Joint
Jan. 1915 $10.000,000
equipment trusts. V. 99, p. 1748, 48.
Gross, $32,623,834; net, $6.293,474
EARNINGS.-6 mos.,j1914
Gross, 34,657,516; not, 6,486,284
July 1 to Dec. 31. 11913

M

REPORT.-Annual meeting is held the third Wednesday in October'
Report for 1913-14 was in V. 99, p. 963. 974; editorial, p. 933.
1911-12.
1912-13.
1913-14.
4,763
4,763
4,769
Average miles operated
Passenger earnings
$13,715,979 $13,455,884 S13,337.562
Freight earnings
43,871,272 42,589,299 37,881,766
7,507,944
Mail, express, &c
8,286,449 8,235,720
Total earnings
Operating income (after taxes)
Other income
Total net income
Interest on bonds
Rentals, &c
Dividends on stock

$65,873,700 $64,280,903 $58,727,272
$11,739,475 $11,250,848 $7,812,719
4,370,759
5,999,352
7.320,600
$19,060,075 $17.250,200 $12,183,478
$6,094,528 $5,653,217 $4,813,092
3,965,420
5.021,870
4,868,365
(5)5,464,800 (6)6,557,760 (7)7,650,720

sur.$2,632,382 sur.$17,353def.4245,754
Balance, deficit or surplus
OFFICERS.-Pres., Chas. H. Markham; V.-P.f(operation). W. L.
V.-P. (purchases), C. F. Parker; Sec.
Bowes;
Park; V.-P. (traffic), F. B.
D. R. Burbank; Treas., A. J. Wykes. Gen. offices, Chicago, Ill.; Now
York office. 32 Nassau Street.
Directors.-Walther Luttgen, John W. Auchincloss, William Averell
Harriman, C. H. Markham, Cornelius Vanderbilt, J. Ogden Armour,
Chas. A. Peabody, R. W. Goelet, John G. Shedd, R. S. Lovett, H. W.
de Forest, Philip Stockton and, ex-officio, Hon. Edward F. Dunne. Governor of
99, p. 1909; V. 100, p. 397, 473.)
ILLINOIS SOUTHERN RV.-Owns Salem, Ill., to Bismarck, Mo. (incudng River Transfer, 60 miles), 123.34 m.; Collins, Ill., to Chester, Ill.,
10.67 m.; branches, 2.83 m.•, total owned, 136.84 m.; trackage, 2.81 m.;
total, 139.65 m. Reorg. of Centralia & Ches. RR., &c. See V. 94,P.559.
Stock, corn., $4,000,000: 6% cum. pf., $1,000,000; par. $100, all out.
The remainder of the $3,000,000 1st M. bonds is reserved for additions.
&c. V. 93, 13. 589; V. 90, p. 167. In Nov. 1914 was authorized to issue
8284,000 additional bonds, making $2,018.000 outstanding, of which $82,000 held in treasury Jan. 1915. The holders of $1,528,000 1st M.bonds
canceled the coupons due Dec. 1 1913 and June 1 and Dec. 1 1914 and the
holders of $206,000 bonds canceled the June and Dec. 1914 coupons.
Car trusts, June 1914, $21,000.
REPORT-For year ending Juno '30 1914, gross, $566,871; not, $132,def., $15,995. In 1912-13. gross,
946; int., taxes, &e., $148,941; bal., def.
Sec., E. M. Tourtolot:
8543,000; net, $133,250. Pres., E. K.
Treas., F. 0. Wetmore, Chicago; V.-Pres., J. W. Walsh; Aud., A. F.
Williams, St. Louis. Office, 717 Locust St., St. Louis, Mo.-(V. 94, D.
559: V. 99, p. 1300, 1597.)
ILLINOIS TERMINAL RR.-See page 141.
INDIAN CREEK VALLEY RY.-See page 141.
Island,
INDIANA HARBOR BELT RR.-Owns Whiting, Ind., to Blue
Stock
14 miles; McCook to Franklin Park, Ill., 10.5 m.• Argo to Union4.7
m;
Yards, Chicago, 10.6 m.; State line to Grassell, Ind., 5.6 m.; branches,
27.9 m.; total. 104.9 m.
total owned,45.5 miles; trackage, 31.5 m.; contract,
and
Sou.
Mich.
de
Shore
Lake
which
of
Stock outstanding, $2,450,000,
and ChM. Mllw. & 9t. P.
Mich. Cent., which guarantee the bonds, own 60%
164. Of the bonds (525,000.000
and Chic. & Northw. 40%. V. 93, p.
Ham. & Western 6s.
Chic.
retire
to
reserved
auth. issue), $2,500,000 are
1912 to July 1917. then 4%. V • 86.
*2.500.000 bonds out bear int. at 3%
Report for cal. year
93,717,693.
1913.
31
Dec.
advances
p. 108. Due for
$3,309,809; net, after taxes. $730.1913 in V. 98, p. 1602, showed: Gross,
rentals, &c., $1.049,994; bal.,def..
969; other income, $86,405; int.,
$232,620.-(V. 98, P. 1602.)
-Owns 4.47 allies of yard tracks and
INDIANAPOLIS UNION RV.terminals
at Indianapolis, Ind., and leases
sidings, .93 of a mile of road withIndianapolls-14.18 m. (which see). Clew.
of
for 999 years the Belt RR.
Cincinnati Chicago & St.
Pittsburgh
the
Louis.
St.
&
Cincinnati Chicago
are virtual proprietors, they having invested
Louis and the Vandalia RR.1914.
No stock outstanding.
30
June
to
$1,056,426
in it
Ref. M. of 1915 will secure not over 310.BONDS.-The General and rates
of interest as may be hereafter deterbear
000.000 50-year bonds,tojointly
and severally. prin. and int., by the three
guaranteed
mined, to be
will, it is expected, be sold in 1915.
$1,000,000
companies above named;
and 1919, 8860,000 reserved to redeem the 434s of
$1,500,000 each in 1917
purposes.
The three guarantor companies
future
for
1886 and S5140,000
RR.,CM.Ham.& Dayton By.,CM.Ind.
and also the Lake Erie & Western
have
RR.
Central
contracted to use the property
Illinois
and
RR.
& Louisv.
passenger terminal, and to pay each its proper
perpetually as their main of
the interest on present values and of any bonds
and designated proportion improvements
of the property. V. 100. p. 555.
issued for additions to or
Year ending June 30 1914, gross. $357,481; total deductions, $279.099:
bal., sur., $78,382.-(V. 100, p• 555.)
INTEREOROUGH-METROPOLITAN CO.-ORGANIZATION.-Inoor(per plan V.82. p. 217. 280) of
porated on Jan. 24 1906 as an amalgamation
Co. and Metropolitan Street By. Owns
the Interborough Rapid Transit
stook of the Interborough Rapid Transit Co.
833,912.800 of the $35.000.000
stock of the Now York Rys. Co.,
and $15,270,100 of the $17,495,060
V. 94. p. 203. 207; V. 95, p. 747.
by Companies Comprising System,
Owned
Track
505.95 Miles of Single
Interborough Rapid Transit Co.,subway (see that co. below)... 81.94 miles
norReaollnwtraoyll.eldeasbeydi)
sEurflevaaoteedun(Mesaonwhantetad
nterb. Rap. Tran. Co_ _1
03
1.'0
18
14
7 miles
cos. (see "Elec. fly. Sec."). 164.91 miles
New York Railways Co. and sub.
Is unpaid. V. 82. p. 217. 280.
dividend
while
votes
STOCK.-Pref.
PREP. DIVIDENDS.-July 2 1906 to July 1907.5% yrly.; none since.
VOTING TRUST.-Over 90% of the common and 50% of the pref.
trust agreement to March 6 1916, subject to
are deposited under a voting of
the voting trustees, viz.: August Belmont.
termination in the discretion Freedman,
Theodore P. Shonts and Cornelius
Edward J. Berwind. Andrew
659, 1108; V.94. p. 911; V.99, p. 1748.
527.
461,
p.
92,
V.
Vanderbilt.

FEB., 1915.1

RAILWAY STOCKS AND BONDS

69

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Pp
.
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70

[VoL. 100.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, &c., see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

FC Text 1913
$1,000
Illinois Terminal-lst M $5,000,000
Illinois Tunnel Co-See Chicago Subway Co.
1.000
___ 1907
Indian Creek Valley Ry-1st NI red 1917 ___xeda
Indiana Decatur & Western-See Cin Ind &Western
46
1907
0.xo•dtr•
1,000
dco
g
Belt-GenM525.000.000
Indiana Harbor
1907
do
do
do
500 &o
ChM Ham & W first mortgage gold assumed_xo•der 27.48 1897
Indiana Illinois St Iowa-See New York Central RR
Indianapolis dt Louisville-See Chicago Indianapolis & Louisville
1.000
93 1886
Indianapolis Un-lst M golds f not callable__ _FP.xo•
1915
General & Refunding Mortgage $10,000,000
___ ____
100
Inter borough-Met Co-Corn stock $100,000.000 auth_
__ ____
100
ref stk 5% cum (also pref as to assets) $55.000,000
__ 1906 1.000 eto
Coll trurt bonds g see by Int R T stk sf text_x o•&r
_
1915 1,000
Ba.c*
Ten-year notes s f red par
100
Inter borough Rapid Transit-Stock $35.000.000-- Teal- ____
--- 1913 1.000 &c
1st & ref M $300,000,000 g s red 110(text)G.Ycxecr*
International & Great Northern100
Common stock, see text
100
Preferred stock (p & d) non-cum (see text)
z 1.109 1879
500 &c
First mortgage gold
1.000
Fz
__ 1880
Colorado Bridge bonds sinking fund
Cex 1.109 1911
$ £ fr
1st refunding Ai $50,000,000 gold red 110
1,000
--- 1911
Three-year 5% secured notes redeemable 101 g-Cex
1,000
x
1908
Equipment trust ctfs due $19.000 s-ann
1,000
--- 1913
Co g due $50,000 s-a (V 97, p. 521, 729).-Eqx
___ ____
100
nternational RYS of Cent Amer-Ordinary shares_
100
Preferred stock 5% and partic see text
Emz 142% 1886
1.000
Guatemala Central 1st mortgage gold
1.000
x 142)4 1912
Internet Rys (2d di on Gust Cent).
--- 1912 £, fr. &c
Em.z
First mtg g red 10234
Interoceanic Ry of Mex-lst pref stk. 5% non-cum---------Stock
___ ____
Stock
Second preferred stock 4% (V 87. p 1160) non-cum
4% debenture stock subj to call at par £1,150,000
Stock
Ordinary stock

BONDS.-The collateral trust 414s of 1906 (Windsor Trust Co.. N. Y..
trustee) are secured by pledge of stock of the Interborough Rapid Transit
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 be appropriated
yearly out of surplus income after interest and taxes to purchase bonds at
not over par, bonds acquired to be kept alive in the sinking fund. The
fund. it is estimated, will exceed $40,000,000 by 1956. V. 93. p. 666.
In Jan. 1915 $3,000.000 10-year 6% notes were issued in exchange for
$3,000,000 of outstanding notes, the remaining $1.000,000 of which were
paid off on Jan. 1 1915. secured by deposit of $15,270,100 New York Railways stock owned. They are subject to purchase or redemption at par
for a yearly sinking fund of $300,000. V. 100. p. 140; V. 99, p. 1909.
REPORT.-Report for year ending June 30 1914, in V.99. p. 811. Tote
receipts, $5,462,902; int., taxes, &c., $3.602.137; bal.. sure.. $1.860,765.
OFFICERS.-Pres., T.P. Shonts; V.-Ps.. H. H. Vreeland, E. Mora
Davison,D. W.Ross: Sec.. H.M.Fisher; Treas..J. H.Campbell. Office,
165 B'way, N. Y.-(V. 99, p. 811, 1748. 1909; V. 100, p. 140. 555.)
INTERBOROUUH RAPID TRANSIT CO.- (See Map).-Incorporated
May 6 1902 in N. Y., and is now operating municipal tunnel RR. In N. Y.
City, extending, with two tracks, from the Flatbush Ave. station of L. I.
RR.. Brooklyn, and also from the Battery,Manhattan, to Bowling Green,
and thence to City Hall, and as a four-track line from the City Hall (with
two-track loop at that point) under new Elm St., Fourth and Park Ayes.,
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 Conlandt Park; (b) from 103d St. to Bronx Park; in all 85.34 miles of track
(incl. 12 miles sidings, &c.), on 25.72 miles of road (of which 1834 subway
and 7 elevated). Also leases Manhattan (Elevated) By.. 118 miles track.
Owns stock of N. Y. et Queens County By., 73 miles. and (jointly with
Long Island RR.) the N.Y. & L. I. Traction Co. and Long Island Elec. By..
total. 68 miles. V. 80, p. 2621; V. 83. p. 818; V. 86, p. 1100.
NEW LINES.-On Mar. 19 1913 an agreement was signed between
the city and this company (V. 94. p. 1507, 1565; V. 96, p. 62. 359, 1701)
and the Brooklyn Rapid Transit Company, providing for expenditures
aggregating about $325,000,000, for the establishment of comprehensive
dual systems of rapid transit serving all boroughs.
The official statement to the N. Y. Stock Exchange, dated June 30 1913.
was published in "Chronicle" of Aug. 16 1913. pages 450 to 455, giving full
particulars as to new contracts, bonds. &c. See also V. 97, p. 744, 1024.
Road Track Track Total
Lines to be Oper.by Interborough R. T.Co.
(Exclusive of Manhattan Ry. and Sidings)- Miles. Subw. Elev. Track.
73.0
16.9
56.1
25.7
Company's present lines _
71.5 147.1
75.6
New,to be built jointly by city and company_ 48.5
88.4 220.1
74.2 131.7
Total.
The new lines (being built jointly) here include: (I) Lexington Ave.
subway extending,with 4 tracks, from a connection with the present subway
south of 425 St. northerly to 135th St. In the Bronx, there forking (a) to
Jerome Ave. with 3-track elevated extension thereon to Van Cortlandt Park
and Woodiawn Cemetery; (b) as a 3-track subway via 138th St. and Southern Boulevard to Whitlock Ave., thence as a 3-track elevated road to Pelham Bay Park. (2) 7th Ave. subway (4 tracks) connecting at its northern
extremity on 425 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 (a) Ditmars
Ave.; (b) Corona and Woodside. The 7th Ave. subway will at its southern
end divide so as to reach both the Battery and,(via a new tunnel under the
East River to Clark St., Brooklyn. and the present subway,) the Flatbush
Ave.(L. I. RR )depot, whence It will run with 4 tracks along Eastern Parkway to Buffalo Ave., with 2-track elevated extension on Livonia Ave. to
New Lots road. Manhattan Ry.is to have third track on 2d.3d and 9th Ayes.
Cost to City and Company-Company's Total Requirement, $154,497.050.
Total.
City.
Company.
Cost of new subway construc'n---$66,000.000 *$56.260.000 $122,260,000
21,000.000
21,000,000
Cost of equipment
27.696,050
Manhattan Ry.(3d tracking, and extensions)_
27,696,050
Refunding all old obligations
49,541,000
49.541.000
* Not over this amount (including contribution of Steinway Tunnel under
96 p. 135.
East River at $3,000,000, city to meet any further cost
(V'have been sold
To cover the company's requirement under the plan there
to J. P. Morgan do Co., and through them to a syndicate, $160,658,000
in1st M. 5% 53-year gold bonds, to be taken and nald for In four yarlynew
staliments,viz.: In 1913,$68,658,000; 1914,$30,000.000' 1915
000'
'
'
1228; V 97,
$30,000'
1916, $32,000.000. See V. 94. p. 1507. 1565, 1249: V.96,
p.1024. It is hoped $156,000,000 bonds will cover requirements. See below'.
Subway Leases, New and Old, to Run 49 Years-Re-Capture.
The lease by the city to the company of the new subways is for 49 years
from Jan. 1 1917, but if their completion should be delayed through no
fault of the company, the beginning of the term will be correspondingly
postponed; subject, however, to the city's right of re-capture after 10 years.
so as to expire contemThe leases of the existing subways are modified are
not subject to termiporaneously with the lease of the new subways, but
thereof may be taken over in substitunation by notice except as portions
Lexington
Ave.
the
or
branch
of the new subbranch
Ave.
tion for the 7th
direct longitudinal line, either upon the East
ways in order to complete a
old
the
to
As
city.
the
contracts,
of
Nos. 1 and
Side
West
the
Side or upon
Feb. 1913 and V.96, p. 1701.
2see this Section. issue oflicenses
for the elevated railway extensions and
and
authorizations
'The
the beginning of operation, and are
additional tracks are for 85 years fromcity
to ;purchase and take the proprespectively subject to the right of the payment therefor.
upon
years
10
after
erty at any time
on Net ,Earnings During Life of Lease.
Company's Cumulative Prior Claim
of rental and taxes annually.
[From net earnings, after payment
subways (x) the average
new
and
old
of
earnings
net
(1) From
during the two years
subway
present
annual profits from the
(y) 5% int. and 1% skg. fd.
ended June 30 1911. $6.335.000:
s investment
company
of
amount
agreed
the
on $80.000.000,
811.135.000
$4,800,000
in new subways and equipment,

Rate
%

When
Payable

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

$1,500,000

5

J

& D Dec 1 1938

First Tr & Say Bk, Chic

265,000

6

J

& D June 1927

Pittsburgh, Pa

2,500.000
1.725.000
2.500,000

3-4 g J
4g J
6g J

de
&
&

.1 July 1 1957
J July 1 1957
J Jan 1 1927

Grand Cent Term. N Y
do
do
do
do

1
Fidelity Trust Co, Phila
860,000
434 g hi & N May 1 1926
1965
See text
93.262.192
45,740,000 See text Q-J July 1 '07 1 M %
Empire Trust Co, N Y
434 g A & o Apr 1 1956
67,825.000
Treas office, 165 B'way
6 g J & J Janl, 1925
3,000,000
35.000.000See text Q-J Jan 2 '15 7H% Belmont & Co. New Yorg
Trees office, 165 B'way
5 g J & J Jan 1 1966
98,658.006
See text
3,400.000 See text See text Jan 2 1913 4% Office, 165 B'way, N y
Equitable Tr Co, N Y
6 g M & N Nov 1 1919
11.291.000
Office. 165 B'way, N 'I
If & N May 1 1920
7
198.000
Aug 1914 coup not paid
5 ¢ F & A Aug 1 1941
1,041,000
Aug 1914 coup not paid
F & A Aug 1 1914
5
11,000.000
6 g A & 0 Apr '15-Oct '18 Guaranty Trust Co,NY
171,000
5g
F & A Aug '15-Aug '23 Equitable Trust Co. NY
850,000
30,000.000
10.000.000 See text See text Aug 15'14 1 Si%
Office. 17 Battery PI, NY
6 g A do 0 Apr 1 1916
2,500.000
an
do
3,500.000 2 to 5 J dv J Jan 1 1972
EmpireTrCo,NY,Lon. eco
Ai & N May 1 1972
5g
£1,000,000
£1,400,000 4 in 1913 See text Dec19 19134%London
do
do
£1.000,000 See text See text Nov 14 1912 2 0
See text
M & S 15 Sept 15 1950
4
£1,150,000
£1,700.000

(2) From net earnings present elevated lines and e evated extensions and third tracks to be added, (x) Interest and I%
sinking fund upon the $24.696,050 of new capital for elevated
railway extensions and connections and equipment, and interest upon about $3.000,000 for improvement of Manhattan
power facilities, about $1,734,000; (y) average receipts of
company from Manhattan lease for two years ended June 30
3,281.351
1911, not less than $1,547,351
Total prior claim on net earnings after taxes and rentals__ _414,416.351
353.000
annually_
Add company's miscellaneous income, at present
Total minimum net income available for int. and sink. fds_ 414.769.351
Interest(5%)and sink.fd.(1%)on $156,000,000 bonds calls for $9.360,000
For the fiscal year ending June 30 1913 the net earnings from present
properties, including profits from the Manhattan Ity. lease and other income
were approximately $9,403,098 (or about 6% upon the above-mentioned
$156,000,000 bonds), as against an average of $8,235.000 for the two years
ended June 30 1911, while 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. Interest during construction forms part of cost of work.
Interest during construction forms part of cost of work.
When the profits from the operation of the subway system exceed the
amount of the company's annual prior claim, and after all accumulated deductions (with interest thereon) shall have been made up to the company,
the profits then remaining are to go to the city until the percentage of the
city's return upon its investment shall equal the percentage of the return
received by the company; and thereafter excess profits will be divided
equally between the city and the company. The profits from the elevated
system and connections, after all the company's accumulations shall have
been made up. are to be divided equally between the city and the.company.
CONTROL.-/n Dec. 1907 $33,912,500 of the $35.000,000 stock bad
been exchanged for 200% in 434% collateral trust bonds of the Interborough
Metropolitan Co.(which see above), secured by the stock exchanged.
Oef.'11. '12. '13. 1914. 1915
DIVS.- 1'04. '05. '06. '07 to
10
10 10
234
2 8% 834 9 yearly
Regular
Jan '5
5
1 5 2
Extra
Extra 5% in 1912 was from profits of Construction Co. V. 94. p. 1695
BONDS.-The "First and Ref. Mtge." of 1913 is limited to $300,000.000.of which $170,000,000 was underwritten early in 1913.as stated above;
in Oct. 1913 it was hoped that only $156,000,000 would be needed to carry
out the plan, $98,658.000 thereof being outstanding in July 1914. See
p. 119.
full data, V.97, P. 450, 1024: V. 98, p. 304, 611, 1157; V. 99,leasehold
and
The new bonds are since Nov. 1 1913 a first lien on all
lines
elevated
and
subways
existing
the
(a)
in
other rights of the company
other
(including power houses, sub-stations, equipment, real estate and owned
property a an estimated aggregate value of about $40,000,000.
under the lease)
directly by the Interborough Co.,subject to the city's rights
and in the authorand (b) in the new subway and elevated line extensions
subway
existing
The
lines.
elevated
present
the
ized additional tracks on
power houses, sub-stations
lines cost about $66.500,000 (exclusive of the
$36,450.000 additional);
about
cost
which
mentioned,
above
equipment
and
is $123,000.000; of the equipthe estimated total cost of the new subways
subways. $22.000.000. and of the
ment for the initial operation of the new
$27.696,050.
extensions,
and
additions
elevated line
later than
than 1% yearly will begin not ug
Cum.sink. fund of not less
e
t iwnhtohle
bnod the
,
10,or,
the stlk
drawn for sinking funda
July 1918. Bonds may be By
sinking
of
operation
the
price.
market at a lower
lease
the
of
term
the
during
issue will be amortizedexercise
its right of re-capture of any of the new lines.
In case the city shall
of operation, the moneys so payable
after 10 years from commencement
constructing and equipping same.
will retire all outst'g bonds issued for
ct.h3e1r:
erg DeO
ftin
ad
(n
theste
EARNINGS.-For 6 monN
Chgs .(incl.
Balance,
Surplus.
Income. Manh.guar.).
Taxes).
roisnsgs.
EaGrn
6 Mos.$8,866,526 $283,247 $5,459,819 $3,689,954
816.270.705
1914
5,668,125 3,272.574
8,613,958 326,741
15.999,45
1913
..
1_5172
9,17
,9V12
3,.p. 7414
4.19141
10
3-3
.-919
ne
91
J1u
REPORT.-Report for year ending
ue
30-Jurneeven
egrag
en
earop
Yss
Gro
$33,515,395 $32,497,871 $31,246,392
$12,902,053 $13,260,743 $13,047,802
Operating expenses
1,979.431
2,116,880
2.081,949
Taxes
18.531,393
$16,219,159
$17,120.248
operation
Income from
487,490
612,853
1,305,200
Non-operating income
Gross income
Total deductions
Dividends

819.144,246 817,607,738 817,524,359
$11,119,666 811,070,669 $11,000,593
(15)5.250,000(12)4200,000(15)5250,000

$2,774,580 32.337,069 81,273,766
Surplus
(Chairman), W. Leon Pepperman.
DIRECTORS.-August Belmont
Edward J. Berwlnd, H. M.
Vanderbilt,
Cornelius
Andrew Freedman,P. Shouts. F. de C. Sullivan, Edward R. Bacon,
Fisher, Theodore
and E. E. Stabbard, Now York; T. De
Reid
G.
(3
Daniel
Marston.
Edwin'
,
Pres., T. P. Shonts; V.-P., Frank Hedley.
Witt Cuyler, Philadelphia. Fisher; Treas.. John II. Campbell. Office,
David W. Ross: Sec., I. M. 744, 757, 1673; V. 100, p. 229.)
-(V.
p•
Y.
99,
165 B'way, N.
RY.-(See Map Missouri
INTERNATIONAL dt GREAT NORTHERNviz.:
1914. 1.159 miles,
July
Pacific.)-Total system
Miles.
Lines owned (cored.)Miles.
ownedLines
10
232 Magnolia Park Terminal
Long View Jct..Tex.,to Houston 413
129
Sundry branches
Palestine to Laredo
TrackageMiles.
Joint
T.&P.Conn.272
Worth,
Spring to Ft.
49
Houston & Henderson
Houston to East Columbia brch_ 50 Gab/.

FEB., 1915.]

c 0

RAILWAY STOCKS AND BONDS

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72

[VOL. 100.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[per abbreviations, &c., see notes on first page]
Interoceanic Ely of Mex-(Con) to call 120 cum____
Debenture stock 7% "B" sub,
1911
Second debenture stook red at 105 since
Mex E deb stock £450.000 guar red 105 since 1914
& St Louis
Iowa Central-See Minneapolis
Jacksonville Term-1st M gold gu $500.000-Mp.xo•
(Lac"&r
Jamestown Franklin & Clearf-lst M guar_
Jefferson-lst & 2d Ms ext In '87 &'89 (11'dale Br)_ _c
FP.o•
105
red
1
&
1908
P
gu
eat
1st Mg
Jonesboro Lake City & Eastern-1st M $1.000,000 _x
red 105 aft 5 yrsxo•
Joplin Union Sta-lst M gu j'tly
Junction (Philadelphia)-See Pennsylvania RR
Kanawha B'ge & T Co-lst Mg red105 beg'16 sf FP.x
Kanawha Er Coal River-Joint M $750.000 gold s f__
Kanawha & Mich-Stock $10.000.000
Ce.xo•
1st M $15,000 per mile g guar p & I
Second mtge $2,500,000 auth gold red par__ 0W
Equipment bonds due $23.000 semi-annually___ _x
x
do
do
g $60.000 s-a red par(V.941.1695)Un--x
do
do
g $60,000 s-a red par (V 99, p 342)Un
Kanawha dr West Va-First M $5,000,000 g text_ c'
Kansas City Belt-See Kan City Terminal By
Kansas City Clinton Er Spring-lst Mg guar__NB.xo
Kansas City Fort Scott & Memphis RYRef M $60,000,000 gold guar p & I end-Ba.xo&r
xo
Kansas & Missouri RR first mortgage
Kansas City Ft Scott & Memphis RR cons MNB.x0'
Current River RR 1st M $20,000 p m guar_ __6IRx
Hans Cy & M By & Bdge 1st Mg s f drawn at 110xo•
Hans Cy Mem & Birm gen M $4.500.000 our_ _OB.xe
OB.xc
Income non-cumulative
stamped fixed interest redeemable text_x
do
Birm Belt 1st M gold red 10234 guar p & I end_Olix
Equip notes Ser B last installment (V81p1044)-Bax
Kan City & Memphis-Ark Oki & W 1st M g_ Usmx
K C & M mtge g $18,000 pm red 10734 sf--MSt.xo•
b Includes $359,000 held alive in

Miles Date
Road Bonds

Amount
Outstanding

Rate
%

£100 £469.459
£100 £1.300,000
£100
£400,000

7
434
5

Par
Value

When
Payable

7 '11-'12 Sept 15 1950
M & N30 Nov 30 1950
J & D 15 Jan 1 1984

___

____

___

____

31
___
8
37
96
___

5g J
$500,000
$1.000
1894
4g J
1909 1.000 &c 11,000,000
& 6J
%
4
300.000
1.000
1867
5g A
1,000 2.800,000
1889
5g M
724,000
1.000
1905
434 g/t1
650,000
1,000
1910

___ 1908
15 1904
164 1890
___ 1907
___ 1906
1909
.__ 1912
-__ 1914
35 1905
162 1885
a914
26
715
82
3
285
285
285
21
--30
56

1901
1882
1888
1887
1889
1894
1894
1894
1902
1905
1907
1911

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
London
See text
See text

& J July 1 1939
Guaranty Trust Co, N I'
Grand Con Term. N Y
& D June 1 1959
& J July '27-Jan '29 Fidelity Trust Co, Phila
Erie RR, New York
& 0 Apr 1 1919
& S Sept 1 1925
U S Mtge & Tr Co.
Y
& N May 1 1940
Phil Tr. S Dep & ins Co

1.000

Fidelity Trust Co Phil&
5 g A & 0 Apr 1 1948
500,000
Bankers Trust Co,
* N It
5 g M & S Sept 1 1924
750,000
9.000.000 Sin 1914 Q-M Dec 31'14 111% J. P. Morgan & Co N Y
1990
1
Apr
0
&
Central
*N Y
Trust
A
Co.
g
4
2,469.000
3 P Morgan & Co N Y
5 g J & J July 1 1927
2.500,000
F & A 15 Aug 15 '15-'16 Sup San'& Tr Co:Cleve
5
69,000
Northern Nat Blr, Toledo
M & N May 1 1917
5
72,750
434 g .1 & J July'15-July'22
900.000
434 g J & 3 July'15-July '24
1,140,000
Scranton (Pa) Trust Co
5 g J & J July 1 1955
897.000

1.000

3,274.000

1.000
1.000
100
1,000
1.000
1,000
1.000

1,000 &c 25,941.000
390.000
1,000
1.000 13.736,000
1,000 1,606,000
1,000 63.000,000
500 &t, 3.323.390
293.780
500 &c
500 &c 5.629,500
1.000 1.000.000
85,000
1,000
300.000
1,000
496,000
1.000

& 0 Oct 1 1925

Old Colony Trust. Boston

4 g A & 0 Oct 1 1936
F & A Aug 1 1922
5
M & N May 1 1928
6
A & 0 Oct I 1927
5
5 g A & 0 Oct 1 1929
M & S Mob 1 1934
4
Sept. Mch 1 1934
5
M & S Mch 1 1934
5
4 g A & 0 Oct 1 1922
434 g F & A Aug 1915
6 g J & J Jan 1 1947
5 g M & N May 1 1961

Bankers Trust Co, NY
Old Colony Tr Co. Boston
Bank Trust, NY; & Bost
Old Colony Tr Co. Boston
Bank Tr Co. NY; & Bost
do
do
do
do
do
do
do
do
Blair & Co. New York
July 1914 coup not paid
30 Broad St. New York

5g

A

sinking funds

ORGANIZATION.-Incorporated in Texas on Aug. 10 1911 and has
succeeded the Int. & Great Nor. RR. foreclosed June 13 1911. The 3d M.
bondholders' committee bought up practically all of the 2d M. bonds at
par and int. and recapitalization Is pending per plan in V. 92, p. 1310,
subject to valuation to be fixed by Texas RR. Commission. V.93. p. 1105.
The I. & G. N. Holding Corporation was incorporated in Virginia inofNov
the
1911 with $5.500,000 capital stock to be used in the reorganization
3d M. bondrailroad company In such a way as to preserve the equity of the
than
valuation
greater
a
allow
not
do
Comm.
RR
Texas
holders In case the
$30,365.000 for the I. G. N. and owns the common stock of the railway.
See V. 93. p. 1386; V. 95, p. 176.
(a) by sale
The cash required by plan ($15.340.000) was raised as follows:
1 1914 (prin. and int.
to bankers of $11,000,000 3-year 5% notes due Aug.
1st ref. M.
$13,750,000
of
deposit
by
secured
defaulted),
then
was
on which
co. and $1,600,000
bds.,of which $12.150,000 has been deposited by the new$1.600,000
1st ref.
of
by the syndicate; and (6) by the sale to a syndicate
stock. In case
M. bonds, $3,400,000 pref. stock and $2,500.000 common
for an amount of new
the valuation fixed by the Texas RR. Comm. calls
reduction will
securities less than the amount called for by the plan, the
affect first the amount of new common stock to be given for the old 3d M.
deposited after May 9 1911 (V. 92, p. 1310).
company
Protective measures for minority holders of 3d M. bonds of old
of 1911, V. 97.9. 887.
(about $400000) who did not participate In reorg.of
Houston and Cecil A.
Receivership.-On Aug. 11 1914 James A. Baker
the instance of the proLyon of Sherman. Tex., were appointed receivers atan
extension of the 3-yr.
tective committee, which endeavored to arrange for
5% notes due Aug. 1 1914, both the prin. and the interest then due being
342.
406,
467.
p.
defaulted. V. 99,
Protective Committee for Cold Notes.-Alexander J. Hemphill, Chairman;
Wm. C. Cox, Secretary; Guaranty Trust Co., N. Y., depositary. 90% has
been deposited. V. 99, p. 342, 406, 467, 538, 894, 1300, 1451.
STOCK -New common stock. $6,500,000 (subject to reduction as above
stated). Of the common stock $1,422,000 was issued June 30 1913,the remaining 35,078.000 being held for exchange for a like amount of conditional
Interim certific's,if, as and when issued, under agreement dated Nov.71911.
The new 5% non-cum. pref. Is pref. p.& d. and will participate equally with
common In any year after 5% on each:31.600,000 is reserved for exchange of
a like amt. of the initial issue of 1st ref. M. bonds which are deposited under
the 3-year 5% notes. Upon the liquidation of tne notes from time to time
the first ref. bonds contributed by the syndicate are to be proportionately
surrendered to the new company,in exchange,$for $,for pref. stock.
DIVIDENDS.-First div. on pref. stock, 1%. Aug. 1 1912 Jan, 21913.
4%.making 5% for year ending June 30 1913. V.95, p.111.
BONDS.-Ofthe new 1st ref. M.30-yr. 5s (350,000,000 auth.). $12,150.000 have been pledged as security for the 5% notes due Aug. 1 1914 and $1.600,000 sold for cash to the syndicate and by It deposited as further security
for said notes (see above); $11.439,000 are reserved to refund underlying
bonds and $23,720,000 are reserved.under restrictions.for additional equipment, additions, extensions and Improvements. An agreement has been
made to sell a maximum amount of $1,000,000 of the bonds yearly for 3
years as required for improvements, extensions and equipment. Compare
V. 94, p. 350. In April 1914 $535,000 1st ref. bonds were issued. V. 96.
P. 653; V. 99. p. 269. The secured notes through their collateral cover the
entire property at (incl. underlying bonds) about $20,500 per m. V.94,p.350.
In Aug. 1913 31.000,000 5% equip, bonds were sold. V. 97. p. 521. 729.
REPORT for year ending June 301914. in V. 100. p.636.showed: Gross,
$9,941,373; net, $1.919,794; other income. $93,137: interest, $1,307,730;
taxes, $339,841; rentals, &c.. $814,256; bal., def., $448,896. In 1912-13,
gross, 311.260.565: net, $2,733,086; other income, $82,001: Interest. $1,261.717; taxes, $340,000; rentals, &c., $889,852; din's. (4%). $136.000;
bal., sur., $187,518.
For 6 months ending Dec. 31 1914. gross, 54,823,456. agst. $5,608,285;
net, 11817.813. agst. $1,461,417.
It. Lancaster WilDirectors.-Frank J. Gould (Chairman). New York;Fred.
W. Cook, San
liams. Baltimore: Thomas J Freeman, New Orleans;
Kyle Morrow and A. R.
Antonio; A.G.Whittington,Jesse H.Jones,WalterPres..
Thos. J. Freeman;
Howard, Houston; Kingdon Gould, New York.
1st V.-P., G. H.Taylor; 2d V.-P., A. G.Whittington; Sec., A. R.Howard.
Office, Houston, Tex.-(V. 99. p. 1300, 1451; V. 100. p. 636.)
INTERNATIONAL RYS. OF CENTRAL AMERICA.-See page 141.
INTEROCEANIC RY. OF MEXICO, LTD.-See page 141.
JACKSONVILLE TERMINAL RV.-Owns union passenger depots,
of track
5 locomotives. doe., at Jacksonville. Fla., including 31 miles
Florida East Coast
used by AU. Coast Line R11.. Seaboard Air Line,
which
own
By.,
entire
Florida
de
Sou.
Georgia
and
By.
By.. Southern
Air Line and Fla. East Coast
stock ($200,000). The Atl. Coast Line, Scab.
Fla. each % of the int
&
So.
Ga.
and
By.
South.
the
and
31
guarantee
each
on wheelage basis, the Atl. Coast
under the rentals and meet expenses
and Florida East Coast Ity. guaranteeing by enLine, Seaboard Air Lineint.
bonds.
-(V.71. P. 135.)
above
of
and
prin.
dorsement the
RR.-Owns from OhioJAh1ESTOWN FRANKLIN & CLEARFIELD
the N. Y. Cektral RR., to Rose Siding, Pa., 103
Penn. State Line, on
54 m.; total, 177 miles.
Pa.,
Clearfield.
to
trackage
rn.;
miles; branches, 20in 1909, V. 88, p. 506, 1002. Leased to the New York
A consolidation April 1 1909 for the term of the corporate existence and
Central RR.from
on bonds and 5% yearly on $3,000,000
renewals, rental covering_interest
of the N. Y.
N. Y. Central RR.). The stockholders
stock (all owned by
1
Mar. 1915 on accepting a conveyance of the
Central RR. will vote on
the 45 of 1909, $11,000,000 guaranteed by the
Of
397.
road. V. 100,
outstanding debts and bonds and
were Issued to retire
and improvements. V. 90.
N. Y. Central RR.
3
reserved for extensions
remaining $14,000,000 731; V. 100. P. 97.)
93, p.
-(V.
697
167
p.
Lanesboro, Pa., to Carbondale. Pa.. 37 miles,
JEFFERSON RR.-Owns
Hawley, Pa.. to Honesdale. Pa..8 miles. Leased
double track; branch, West per annum to Erie RR., owner of ($2 095
In perpetuity for $154,940 H.to reach Carbondale.-(V.87, 9.1479.)
950) stock. Used by D &

JONESBORO LAKE CITY.& EASTERN RR.-Owns Jonesboro to Barfield, Ark.. 63.16 miles Osceola Jct. to Osceola, Ark., 14.39 in.; Midway to
Luxora 1.4 in.; Midway to Meares Ldg., 0.5 m.; Ross to Wilson, 16.95 m.
Stock. $600,000.
(former Wilson Northern By.); total. 96.40 miles.
Bonds, $550,000 outstanding, Bank of Commerce & Trust Co., Memphis,
an
issue
additional
block of bonds
to
proposed
was
it
trustee. In June 1914
V. 98. p. 1844. For 1913-14,
to repair the road; not issued to Oct. 1914.
bal.,
&c.,
$82,285:
def., $56,760.
taxes,
int.,
$25.525;
net,
$285,510;
gross,
In 1912-13, gross. $268,485; net, $75,143. Pres.. R. Lee Wilson. Office,
Jonesboro. Ark.-(V. 94, p. 826; V. 98, p. 1844.)
JOPLIN UNION DEPOT CO.-Owns union freight and passenger station
on 26 acres at Joplin, Mo., completed in 1911. used by&the AtchlsonTopeka
& Santa Fe. Kansas City Southern, Missouri Kansas Texas and Missouri
& North Arkansas, which jointly own the $40,000 stock and jointly
and severally guarantee the bonds, prin. and int. Of the bonds ($750.000
auth.). $650,000 sold. Total stock auth., $500.000.-(V. 90, p. 502. 627.)
KANAWHA BRIDGE & TERMINAL 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 Ches. & Ohio, which operates property. Bonds, see table and V. 91. p. 1629. Year 1913-14,
gross, $37705.; net Inc., 327.551; int. & taxes, $29,184; bal.. def., $1,633.
KANAWHA & MICHIGAN RY.-(See Map Toledo & Ohio Central.)Owns Corning. 0., to Gauley on Ches. & Ohio, 176 miles, less 18 miles.
mile. Athens to Armitage, where Hocking
Pomeroy to Gaillpolls, and
Valley Ry, tracks are used. Also owns branch of 11 miles leased to Toledo
& Hooking By. companies,
Sandusky
Col.
and
Central
& Ohio
HISTORY, &o.-Reorg. In April 1890 of K. & 0. By. foreclosed (see
of stock ($4,600,000) was acquired
a
1890
majority
V.50. p. 451. 483). In
by Tol. & Ohio Cent., which guaranteed the bonds, prin. and int., but In
Mch. 1910 was sold to Ches. & Ohio and Lake Shore & Mich. Southern
Jointly. 33,458.400 of the $4,400.000 minority stock having to May 1914
agreed to accept $72 per share, less 134% commission. V.90, p. 771. 849.
The lower Federal Court having on Mch. 14
on.1425; V.91 p. 276, 1095.
1914 held the joint control by the Ches. & Ohio and the Lake Shore illegal,
the C. & 0. share has been sold to the Toledo & Ohio Central as of June 1
1914. V. 99, p. 1052; V. 98, p. 912, 1537; V. 96. p. 63. (See V. 52, p 165
ec 30, 234%; 1912,5% (2%%
351.) First div., 4%,paid June 301911;D.
J. & D.); 1913, 6% guar.; 1914, 5% (131% quar.).
Gross, $1,585,596; net, $464,298
LATEST EARNINGS.-(19l4
Gross, 1,752,084; net, 534,237
6 mos., July 1 to Dec. 31. 11913
1047, showed: Gross. $3.110.148:
REPORT.-Year 1913-14. V. 99,
int.. taxes, &c., $430.793: divip.
$356.883;
net, $890.358; other income,
dends (51"), $450,000: surplus, $366,448. Pres., A. H. Smith.-(V. 97.
p. 342, 1047, 1052. 1749.)
1537;
V.
912,
99,
p.
1823;
V.
98,
p. 1426,
KANAWHA & WEST VIRGINIA RR.-See Issue Feb. 1914.
Olathe.
KANSAS CITY CLINTON & SPRINGFIELD R Y.-Owns from
Hill. Mo..
Kan.. to Ash Grove, Mo.. 154 miles; Raymore Jct. to Pleasant
guar. by the Kan.
8 m.: total, 162 miles. Stock. $1.775.400. Bonds were
were paid in
City Ft. Scott & Mem. RR. (old co.). Apr. 1914 coupons
committee. See
May 1914. Deposits were requested with bondholders
p. 1071, 1459. Year endK. C. Ft. Scott & Memphis By. below. V. 98,other
income, 34,160: int.,
ing Juno 30 1914, gross, $381,775; net. $89,415;
taxes, &c., $205,598; bal., def., $112,022. In 1912-13, gross, $402,997;
net, $111,920.-(V. 98. p. 1459.)
KANSAS CITY FORT SCOTT & MEMPHIS RY.-Operates Kansas
City, Mo., to Memphis, Tenn., and branches, 916 miles. Also has a
controlling interest in stock of the Kansas City Memphis & Birm. RR.,
Ala., with branch, 285
owning line from Memphis, Tenn., to Birmingham,
miles, and of Kansas City & Memphis Ry. & Bridge Co., owning bridge
miles.
3
Total,
Memphis,
1.204 miles.
at
River
Mississippi
across
ORGANIZATION.-Incorporated on June 14 1901 and is vested with
&
Ft.
Kansas
Scott
City
former
Memphis
Railroad; also
the property of the
controls other mileage. V. 72, P. 1237. See V. 72. p. 438. 532, 675. 988.
the
and
RR.
entire
owns
stock
the
Fran.
leases
San
&
L.
road. guarSt.
The
anteeing the bonds of 1901, prin. and int., and 4% on pref. stock trust certs.
In view of the appointment of receivers of the St. Louis & San Francisco
RR.,a committee(E. V. R. Thayer, Chairman; Frank It, Damon,50 State
St.. Boston, Secretary; Old Colony Trust Co.. Boston, and Bankers Trust
Co.. N. Y., depositaries) requested deposits of the various issues of bonds
of the system. incl. Kansas City Clinton & Springfield and St. L. & S. F.
trust receipts for pref. stock. V. 96, p. 1556: V. 98, p. 1459.
STOCK.-Common authorized, $45,000,000; outstanding, $15,000,066,
pref. stock ($15,000.000
all owned by St. Louis & San Francisco RR. The are
par $100) is deposited In escrow, and against it theIssued trust certificates of the St. L. & San F. RR.. the latter havingto option to retire the
pay off the whole Iscertificates at any time at par. and obligating itself
sue In 20 years from date (Oct. 1901). and meanwhile to pay quar. 1%
thereon. See V. 72. p. 1238.
BONDS.-Of the ref, bonds of 1901 ($60.000,000). $25,941,000 were outstanding June 1914.326,956.070 were reserved for exchange against the face
amount of underlying bonds and remaining $7,102,030. as well as any bonds
not used or required for refunding purposes, will be reserved for issue for
additional lines and extensions, at not exceeding $22,500 per mile thereof.
As to guaranty, see "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. Ft. Scott & Mem. By. had guaranteed the Int. on all
except $293.780 of the $6,322,780 K. C. Mem. & firm. Income bonds, beginning Itch. 11912. the bonds so guaranteed being subj. to call at any time
within 10 years from Sept. 1 1902 at 95 and int. V. 74, p. 477. 577,
Birmingham Belt bonds are guaranteed, principal and interest, jointly' by
Kansas City Memphis & Birm. and St. L. & San Fran, V. 75. p. 114'7.
EARNINGS--For year ending June 30 1913 gross, $14,113,655; net.
charges, $2,962,179; pref.
$3.973,927; other income, $584,674; fixed'
din's.(4%).$600,000; bal.,sur., 3996,422. in 1611-12, gross, 313,094.365:
net.$3,515.035.-(V. 96. p. 1556; V.97,9. 1583; V.98. p. 1071. 1459.)

73

RAILWAY STOCKS AND BONDS

FEB., 1915.

MAP OF THE
Blue

KANSAS CITY SOUTHERN
RAILWAY.

Blooming

Cameron

0.1301.
Oh 0

Irving

Yu
C

rdia
Clay Cente
wale

Beloit

BrunoNlck
Hotter

LiTORTIC

‘,.. A N

HalEar

Hamm)

IfJimmy°
(.1000100

Lout lane

arrleon Cron

Franklin JO.

unction
Cy.

51

El. It Jct.
Go ndylew
Get.TON
Jihd
le land

A

Oh to Cy.
erington

Barling

St. Char

isl
Dre el
'ROT .15
rdam
R R1117
Bor n

Emporia

loreiMe

Temaillts

RIC
.SCOTT
ban te.

Ills

Cool

Omeola

Madison
Eureka

Riverside

Sullivan

*Warsaw
Arlington

Potosi
Blemarcli

RCS
Nevada

SalemU

Du Qu In
Chef
,
Yuma 'Moro

R

Augusta
Doug s
Moline

XInginan

C
Dexter ,Indepe •mace

Cody..
Flarelton

UN •
Peirce
Cy.

A KANSAN

WIllow Spra

Decatur
Gentry
SILOAM SPRINGS
Ballard
T1 Baptiste
1.1.Hestv Illc
o•
c•

CI:remora

uthriu

Winona

Chadw NIG

oodman
anderson
!Anton Seligman
Noel
Eureka Sore.
Stilplwirarinu. • o•

FuNc well

Thayer

yeitevIIN

Cho:tiler
CC molgee

**Conway

FOr Met Ci

Chickubs
Brinkley

i

d. Mo. Ale
ener
ooli
•
p
r
"
y
Pommy I lie
Howard
Ilaieyv•
RICH MOUNTAI
.1-usliahoma
Hazleton
ate
MENA
Hatfield
Atoka
JA111•011
Wickes
'
2"°e
ad:7
Ital
'
Pullman
So 0
coo
, HE OGREN

WALDRON

R

n

Dougherty

Durant

ORATIO
rInis
len

DENISON .

Sardis
enal

stolid rt

Denten

Althelme

Cluksdale
GONG

Hike Cy.

Oakville
At'

LOCKSBORG
Nash

Hope
ore Clarksville
(tt. Neil
TEXARK
Commerce
Igt.Pleasent

Hamburg

Lew eville
Pe 00.11

Durant

Janstion Cs.
Smiles

Pittsburg
Mineola
eatherford

Tame City
41'

ieff•rson

Collineson
G ibbsland

Kaufmann
o.0•
TO:T
„
overio
l
s,\
R VEP
Fool
Henderson

o,
yon,

v.c.s. Ruston

VickabuM

Jackso

0

El Inge or

••
Dublin

Horgan

Logansport

Coushatta
Ranson
Con erse
Palmers'tM Ill
olle
wing
MAN
Smogdothell
Cypress
;she
F rlen
Ch istie
Hor' Nick
..klexandrla
Ilawtt rne
I L.

Columbia

salehuret

Timpson

Rmk,t
m.r,
Trisi:Crockett

lac Gregor

A
7-1

TO
Lufkin

Franklin

Harrison
Black River

L

q

/Mite
SlaugliteL
De Kidder
Son)Am
Singe

Huntsville
Litingetom

Starke

S

Giddings

Nand v Ille

Baton
Rodg•

4

New Iberia

I

via
Virginia Pt

\

".1

d
-u

I

•N

rPax\c?,o

t"

n

Baton Bong

Navasota

Austin

Covin

trews

C

0

\77
'

"•••?

DeentiFie

et-

Alice
Sari
Diego

"..1•111,

ea.
ea.
etsto

74

RAILWAY STOCKS AND BONDS

[VOL. 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Payable and Maturity
%
Dividends are Payable
Road Bonds Value Outstanding
[For abbreviations. &c., see notes on first page]
___
*100 See text
Kansas City Mexico & Orient-Stock see text__ _
fig A & 0 30 Apr 30 1916
5,500,000
loll
Col.c
Two-year gold notes 96,000,000 red par
-------100 5,000,001 v. t. c.
Kansas City Outer Belt & Elec-Stock (half 4% pref)
Oct 1911 coup last paid
4 g A & 0 Apr 1 1953
A
1.000 1.275,000
1st Ii $3,000,000 g
gton ec Quincy.
Kansas City St Joseph & Council Bluffs-See Chicago BurlIn
Tress Off. Nan City, Mo
___ 1897
F & A Aug 1 1927
4
150,000
500
Kansas City Shrevep Ec Gulf Term-18t M red 105 __z
___ ____
100 30,000,000
Kansas City Southern-Common stock 530.000.000_ _
1%
Checks
1915
15
Jan
mailed
Q--J
1914
21.000,0004
100
in
$21,000,000
non-cum
4%
stock
Preferred
New York Trust Co. N It
Ba.xc&r, -__ 1900 1,000 &c 30,000,000 .3 g A eG 0 Apr 1 1950
First mortgage $30,000.000 gold
do
do
5 g .7 & J Apr 1 1950
___ 1909 1,000 tec 16.750.000
Ref and impt M 521,000,000 gold red 105_xe &r.N
To Dec 15 1924 Blair & Co, New York
-__ 1912
1,000 1,240,000
5g
Equip notes g ser D due $62.000 s-a red par__Nx
Kansas City Term Ry-Stock auth 850.000.000-----------1.200,000
N Y Boston & Chicago
4 g .1 ec J Jan 1 1960
___ 1910 1.000 &c 33,094,000
1st M red as a whole on or aft Jan 1 1930 at 105 & lot
Higginson & Co. London
J & J July 15 1916
___ 1913 £100, &c £1000000
IC.c.
5
Secured sterling notes £1,000,000 red 101_
1914
See text
Notes $1.600,000
Office 50 State St. Bost
J & J July 1 1916
6
10 1886
1.000 2,500,000
K C Belt 1st Iti ($534,000 guar KCFS&M)_BB•xc
See text
__
414 J & J Sept 1 1934
1905
1,000 3.302.000
Kansas City Viaduct & Term-lst Mg at (text) c*&r
Kansas & Colorado Pacific-See Missouri Pacific Ry_
Morgan.Grenfell drCo,Lon
£m £1,231,000
434 g J & J Jan 1 1961
Ken & I Term RR-lst 1.1 guar (see test)_ _ G.xe&r1911
..
ie. =
100 $1,524,600 See text See text Apr 1 1914 334 Office, 14 Wall St., N Y
Keokuk &Des Moines-Preferred stock
First Nat Bank. N Y
A & 0 Oct 11923
162 i678
5
100 &c 2.750.000
First mortgage Interest guaranteed C R I & P____c•
55 William St, As earned
__ 1869
1,000 1,000,000 See text. A Co 0 Apr 1 1899
Keokuk & Hamilton BridgeCon--struction M__zc
Office. 40 Wall St. N Y
J & D June 1 1921
37 1891
5
408.000
1.000
Kewaunee (keen Bay & Western-First mtge......F.xcJ
Knoxville & Ohio-See Southern By.
La Crosse, Wise
5 g A & 0 Oct I 1944
41 1904
300,000
1,000
La Crosse & S E Ry-lst DI $1,000.000 g red 105 _2
Q-J Jan 1 1915 1% Del Lack & Western RR
4
10.750,000
Lackaw RR of N J-Stk auth 812,000,000 gu 4% dly
Pere
RR
Marquette
Lake Erie & Detroit River-See
5
100 4,300.000
Lake Erie & Pittsburg-Stock rental guaranty
New York
28 1911 1.000 &c 4,300,000
41.5 g J & D June 1 1961
First mtge $15.000,000 gold guar __ _ _ _(lac° erre
710 ____
100 11.840.000
Lake Erie & Western-Common stock_OOOOOOOOO p m
,
i
710 _ _ .._
Preferred stock 6% (not cum) ($20,000 per mile)
100 11.840.000 See text J ZO J Jan 15 1908 1% Office, Gr Cent Ter, N ,
Chase National Bk. N Y
5 g J & J Jan 1 1937
1.000 7,250.000
1st M ($10,000 per mile, see V 46, P 45) g--Ce.xc i 710 1887
do
do
710 1691
5 g J es J July 1 1941
1.000 3.625.000
2d M (V 54. p 444)53.625.000 (55.000 pm)gCe.xesi
Lake Shore & Michigan Southern-See New York Centra 1 RR.
24 1911
100 &e 1.030.000
6 g F & A Feb '16-Feb '31 Clt Say & Tr Co. Cleve
Lake Super & Ish --lst M $1.400.000 ser red 101_x01
Mere Trust Co, San Fran
16 1901
1.000
5 g A & 0 Oct 1 1931
404,000
Lake Tahoe RY & Fr Co-lst Mg 8500.000s f beg 1905
8 1905 - 1.000
5 g I & J July 1 1915-30 Union Trust Co. Detroit
75,000
Lansing Manufacturers-lst 1,1 serial Interest rental I
Laramie Hahn's Peak & Pacific Ry-See Colorado Wyom ing & Eastern Ry
Fidelity Trust Co, Ph 1,0 la
--- 1906
6 g I & J Jan 1 1922
199,000
1
Las Vegas & Ton-Built & Goldf 1st Mg gu----FP
do
do
--- 1914
J & J July 15 1921
1,000
68,000 [6 1
2d M (held by Las Vegas & Tonopah) Gold-KANSAS CITY & MEMPHIS RY.-Rogers to Siloam Spr ngs, Ark., 30
miles; Freeman to Monte Ne,6 m.; Cave Spring to Fayetteville, Ark.. 20
m.; total, 56 miles. Projected to extend from Rogers, Ark., to Memphis,
Term., 294 miles. Incorp. in Arkansas Dec. 17 1910 and absorbed the
Ark. Okla. & West. RR. and Monte Ne By. in April 1911. V. 92, p. 881,
1109; V. 94, p. 207.
In July 1914 J. E. Felker and 0. C. Lisman of Rogers, Ark., and R.E.
Bright of Little Rock, were appointed recoviers. the int. on $300,000 bonds
due July 1 1914 being in default and there being a floating debt of about
$90,000. V. 99, p. 269, 538.
Committee for Ark. Okla. & West. 1st 6s.-Francis X. Quinn, Chairman;
Byron A. Milner, Secretary; Real Estate Trust Co., Phila., depositary.
Nearly all the bonds deposited. V. 99, p. 467. 816.
SECURITIES.-Stock authorized, $6,000,000 at *15,000 per mile, held
In voting trust, one trustee to be nominated by co., one by Kansas City Sou,
and one by F. J. Lisman & Co.; par $100. The 50-yr. gold 55 (56.000,000
authorized issue) are 'satiable at $18,000 per mile, of which $15.000 for
construction and equipment and 83.000 reserved for betterments when the
earnings during one fiscal year have equaled 150% of the Interest on the
outstanding bonds. Of the bonds $300,000 are reserved to retire the
$300,000 Ark. Okla. & West. 65 (V. 86. p. 107). In April 1911 8540.000
Series A bonds were sold to F. J. Lisman & Co. of New York against the
36 miles owned and the 20 miles under construction to Fayetteville, the
Series A bonds being additionally secured by a traffic contract with the
Kansas City Southern,giving the company 20% of the gross revenue received
on business interchanged; Series "A" bonds will also cover the line between
Fayetteville and Huntsville. If built within 5 years. Cumulative sinking
fund of 34 of 1% commences with 1916. V. 92, p. 881. 1109.
EARNINGS.-Year ending June 30 1914, gross, $79,276; op. def., $65,148; other income, $3,275; int., taxes, &c., $72,934; bal.- def., $134,807.
Pres. and Gen. Mgr., Geo. D. Locke; V.-Ps.. J. W.gWaiker and A. L
Williams; Sec. and Treas., W. B. Felker: Asst. Sec., William Goodman.
Office, Rogers, Ark.; N. Y. office, 30 Broad St.-(V 99, p. 816. 969.)
(THE) KANSAS CITY MEXICO & ORIENT RR.-Road Mileage.
-The road when completed will extend from Kansas City, Mo., to Topolobampo, Hex.. 1.659 miles, with a cut-off from San Angelo, Tex., to Del Rio.
Mex., 160 miles, connecting there, as well as at Chihuahua. Hex., with
Mexican lines for Mexico City. In oper. June 30 1914, 962.72 miles, viz.:
Owned (incl. K. C. M. So 0. Ry. of' Texas. 477 m., Securities Owned), Miles.
Wichita, Han., to Alpine, Tex. (except trackage St. Louis & San
736.52
Francisco RR., Foley to Ewing. Okla., 12.78 miles
86.77
Marquez, Mex.. to Tobalaopa
Minaca to Sanchez. Mex. (74.28 m.); El Fuerte to Topoiobampo,
136.51
62.23 miles)
2.92
Mochis. Hex., to Mochis Junction, Hex
ORGANIZATION.-Incorporated in Kansas on July 7 1914 as successor
to the Railway of the same name foreclosed per plan V. 98, p. 1244, 1845.
V. 99, p. 119; V. 98, p. 1920.
Committees for Securities of Old (Foreclosed) Properties.
Committee J'or 1st M. 50-Year 4s.-Lord Monson (Chairman); }Tarry
Hoffman, 37 Wall St.. Sec.; Columbia Trust Co., N. Y. and Glyn,
Mills, Currie & Co., London, depositaries. Of the $21.409.000 in the
hands of the Emblic, $19.545,000 had been deposited in June 1914. V. 94.
p. 767. 911, 1566; V. 97, p. 443; V. 98, p. 763, 1244. 1767.
Committee for Construction Co. Stockholders.-John W. Platten, Chairman;
Sec.. Calvert Brewer; U.S. Mtge. & Tr. Co., N. Y., and Glyn. Mills Currie
& Co.. London. depositaries. V. 94. p. 767, 1057. 1383: V. 96. ti• 716.
Securities.-In July 1914 authority was given to issue $20,000.000 stock
(limit of issue. $45,000,000) and 56,000,000 2-year 6% gold notes,secured
by $31,000.000 new bonds entitled to interest, non-cumulative only if
earned, for first 5 years. V. 99, p. 196, 748.
The aforesaid note issue replaces the temporary issue of $6,000.0006%
2-year notes ($5.500,000 sold) announced in April 1914 (V. 98, p. 1244.
1845). This issue. it was stated, would provide for preferential accounts.
The proportion of the sale price attributable to the non-depositing
bondholders, &c., and provide for improvements. The trustees (Executors
& Securities Ins. Corp.. Ltd., London,and the Columbia Tr. Co.. N. Y.)
will retain the amount required to meet the 2 years' interest on the notes.
In Sept. 1914 it was decided to apply for authority to issue 51 458 000
bonds on the line between Alpine, Tex., to Girvin on a valuation of 516.000
per mile, construction to begin as soon as possible. V. 99. p. 894.
When the receivership is terminated, the committee will present a reorganization plan to the bondholders, but it Is not proposed at present to
reorganize the Mexican properties. Out of the first moneys receivable under any such plan, sufficient will be retained to re-pay the present note
issue. Noteholders will be given a preferential right to an allotment of
any prior lien bonds contemplated and to tender their notes in payment
of any privileges and assessments under the plan.
Provision will be made for the completion of the line from Wichita to
Kansas City, 207.99 miles. of which 54 have been granted.
EARNINGS.-The gross earnings in the United States for theyear ended
June 30 1913 for the line, which was operated in disjointed sections by recelvers, were $1,898.968.
Estimate by Experts Kendrick and Coverdale ,for Line Kansas City to Alpine.
1st Year. 2d Year. 3d Year. 4th Year. 5th Year.
Gross earnings-$5,370,000 35,800,000 56,216,000 56.682,000 $7,217,000
Net earnings_-_- 1,290.000 1.450.000 1.600.000 1,738.000 1,880,000
BONDS.-See V. 78, p. 102; V.81, p. 1411; V. 87. p. 37. 508: V. 91.
p. 38, 94, 1025: V. 94. p. 350.
In 1910-11(746 average miles): Gross earnings, $1,848,479; total net income,547,241: taxes.$66,362; joint facilities. 811.358; int. on equip.trusts.
$75.373; other int.. $39,266; bal., def..$145,118.
City, Mo.; Treas.
OFFICERS.-President, Edward Dickinson, Kansas
V.99, p. 1597. Office,
Wm.Lee Karnes; Aud., Neal S. Doran. Directors,
p. 196, 538, 748,
99,
-(V.
City.
Kansas
10th St. and Baltimore Ave.,
894, 1597.)

KANSAS CITY OUTER BELT & ELECTRIC RR.-Incorporated July 18
1902 In Kansas to construct a belt line connecting the lines of the Kan. City
Hex. & Or. By. west of Kansas City, Kan., with all the other lines entering
Kansas City. Kan.. and Kansas City, Mo.. main line (double track) about
8 miles; uncompleted in 1912. V. 75, p. 184: V. 76, p. 331; V. 80, p. 871.
On Oct. 31 1912 Thomas A. Bigger was appointed receiver. In Nov. 1912
$60,000 receiver's certs. were authorized, of which $37,000 were issued.
Bondholders' protective committee (John W. Platten, Chairman; Calvert
Brewer, Sec.; U. S. Mtge. & Trust Co., depositary.) V. 95. p. 420. 480.
968. In Nov. 1912 applied to issue receivers certifs. V. 95, p. 1472.
KANSAS CITY SHREVEPORT & 0ULF TERMINAL CO.-Owns union
depot at Shreveport, La , including 1.16 miles of yard and terminal track.
Stock, $150,000. all owned by Kansas City southern By. Bonds. Pioneer
Trust Co.. Kansas City, trustee. Year ending June 30 1914. gross. $30,355;
net. $8,257; int. & tax., $7,133; bal.. sur.. $1.124. Office, Kan. City, Mo.
KANSAS CITY SOUTHERN RY.-(See Map.(-Operates a line extending from Kansas City, Mo., to Port Arthur. Tex., thence by its shin canal.
7 in., to deep water on Gulf of Mexico. with branches and extensive terminals used by various roads entering Kansas City. Total mileage 827. viz.:
Miles. Lines OwnedLines OwnedKansas City, Mo., to Belt June__ 12 Branches to Fort Smith, De
Quincy, La
Grand View, Mo., to Port Ar39
765 Trackage-To Grand View. Mo__ 11
thur. Texas
Also owns entire $650,000 each of stock and bonds of Arkansas Western
miles,
operated
separately; also conBy., Waldron to Heavener. Ark., 32
trols K. C. Shreve. & Gulf Terminal Co. V.83. p. 38. 492.
ORGANIZATION.-A reorganization of Kan. C Pitts. & Gulf RR.,foreclosed in 1900 per plan in V.69, p. 1012. 1062. V. 73. 0. 1356; V. 74. p.94,
V.80,p. 1971; V.81. p.559; V.84. p. 1366; V.88. p. 375.
SECURITIES.-As to the $21,000,000 "ref. and imp." bonds of 1909.
see V. 88. p. 1128. 1253. 1437; V. 89. p. 104: V. 90. p. 167; V. 92. p. 322.
395. 461, 795: V. 95. p. 1472. Decision on Kansas City Suburban Belt
By. notes, V. 97, p. 1663; V. 98, p. 1459.
DIVIDENDS -First div. on pref. stock, 4%. paid July 1 1907 out of
earns. for 1906-07; Oct., 1%; 1908 to Jan. 1915. 4% (Q.-J.).
LATEST EARNINGS.-11914-15_ __Gross, $6,076,927; not, $2,161,390
7 mos., July 1 to Jan. 31. 11913-14_ _ _Gross, 6,356,364; net, 2,429,477
REPORT for 1913-14 at length was in V. 99, p. 963, 981.
1911-12
1912-13
1913-14
Total gross receipts
$10,993,454 $10,706,309 59,272.859
6,910,3216,332,839
Operating expenses
2,940,020
3,959,152
4,083,133
Net earnings
3,089,192
4.127,134
4,257,496
Total net income
410,369
465,339
567,857
Taxes
1,544,851
1,708,928
1,765,743
Interest on bonds, &c
248,022
306,661
198,447
Miscellaneous
840,000
840,000
840,000
Dividend on pref. stock (4%)
$45,950
$806,206
$885,449
Balance, surplus
DIRECTORS.-Chairman, L. F. Loree; Pres.. J. A. Edson, Kansas
Miller,
J.
Andrew
Rosen.
T.
W.
Blair,
A.
J.
Slelcken,
Hermann
Mo.;
City,
Samuel McRoberts, B. S.
W. G. Street. W. H. Williams, Arthur Turnbull.
J. Mitchell of Chicago; S. W.
Guinness and E. R. Bacon of New York; John
Swinnev, Kansas City, Mo.: Secretary Is
Fordyce of St. Louis; Edward
474.
G. C. Hand. Office, 25 Broad St., N. Y.-(V.99, p. 981; V. 100. p.
building a passenger depot and
KANSAS CITY TERMINAL RY.-Is
with
approaches,
Kansas City, Mo.,
freight and passenger terminals at
cos., viz.: Chic. R. I. & Pac., Atch. Top.
to be controlled by 12 proprietary
Paul, Chic. & Alton, St. Louis & San Fran.,
& Santa Fe, Chic. Milw. & St. Burl.
& Quincy, Mo. Pac., Missouri Kan. &
Union Pacific. Wabash. Chic.
Western, which will pay equally
Tex.. Kan. City Southern and Chic. Gt.
V. 89. p. 1671. Total to be about 188 miles
any excess of fixed charges.
local freight stations, passenger,
4
tracks
railroad
Industrial
and
of main
passenger station, the last-named
freight and switching yards.&c.,and union
p. 666. 163; V. 90, p. 627, 698; V. 91,
being opened Nov. 11914. V. 89,
99, p. 1130.
V.
1214:
p.
98,
V.
135;
p.
96,
p. 1386; V.
are reserved to retire Kansas
Of the 1st 45(550,000.000 auth.).$2.500.000
additions and improvements. V. 90.
City Belt bonds and $11.406,000 for
V.93,
395;
p.
92.
P. 161: V.06. p. 135. 202
V.
1386;
p. 559.627; V.91, p.
60.000 3-year 5%
16
.0
3.£113
9414
. 112
e8juply
V.I9
notes were sold, secured by deposit of
86.667.000 1st 4s, redeemable as a whole or in blocks of not less than
£200,000 on any int. date at 101 and int. V. 97, p. 49. In Nov. 1914 applied for authority to issue $1,600,000 notes secured by $2,000,000 1st M.
7. Adams; Sec., C. C. Ripley; Treas., E. F. Swinney.IL
59
.riterit
1e
V..,9I9
4s.Pres
(V. 98, p. 1244, 1316; V. 99, p. 1130, 1597, 1673.)
KANSAS CITY VIADUCT & TERMINAL R Y.-Company owns and
operates an elevated railway and highway viaduct from Bluff and 6th Ste.,
Ave. and 4th St., Kansas City. Kan,
Kansas City, Mo., to Minnesota
with branch viaduct to interlying railroad and manufacturing districts.
Main structure completed 1907, 1.6 miles. V.82. n• 160; V.84,p. 271.931.
STOCK.-Stock outstanding, $3.447,700 (par $100).-(V . 94, p.416.)
BONDS.-Equitable Tr.Co., N.Y.,and Fidelity Tr. Co., Kansas City.
trustees. July 1909 to Jan. 1911 coupons funded into cumulative Income
bonds. V. 90. p. 1101; V. 92. p. 1564.
Protective Committee.-In Jan. 1915 over 75% of the 1st 434s and Income
bonds had been deposited with a committee (Richard C. Story of Boston,
Chairman; Equitable Trust Co. of N. Y., depositary). V. 92, p. 187; V.
96, p. 285; V. 96. p. 1772.
EARNINGS.-For year ending June 30 1910. gross. $75,454; net. 956,936; bond int.. $149.040: taxes, $9,374; sundry accts., $706; sk. frt.,
bal., def.. $106.712. Pres.. J. W. Reinhart; Treas., H. S. Corwin; Sec.,
Howard Ross.-(V. 96. p. 285, 1172; V. 99. p. 1832; V. 100,1). 556.)
KENTUCKY & INDIANA TERMINAL RR.-Owns 2-track steel
bridge over Ohio River at Louisville and 16.44 miles main track and

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RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, &c.. see notes On first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

when
Payable

[VoL. 10
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

3 1893
Central Trust Co, N Y
$600.000
5 g J es J Jan 1 1923
$1,000
Leavenworth Terminal Ry & Bridge-let M g s f_Cex
100 1,340,000 See text See text Dec 20 19134% Warwick, NY
Lehigh & Hudson River-Stock $1,340,000
z
63 1887
5 g J & 1 July 1 1917
Irv Nat Bk.NY.and 1st
1.000
164.000
Second mortgage gold
5 g I & J July 1 1920
Nat Bk,Wartvick.N Y
94 1890
1,000 2,587,000
Leh es Hud Riv gen M $3,000,000 g (see text)Ce.xc*
frying Nat Exch Bk,NY
x
M & N July 1 1920
1907
4
Debentures $400.000 red 105 since Nov 1911
1.000
400,000
Philadelphia
--- 1906
4% g J & D Dec 1'15-'16
1.000
80.000
Equip trust certs gold due 840.000 yearly-PeP.xc
437 Chestnut St, Phila
5 g 1 & J July 1 1945
1895
1.000 1.000,000
Lehigh & New England-lst M $1.000.000 g -FPx All
-196 1914
5 g J & J July 1 1954
General mtge $15,000,000 g red 105_-GuP.kc*
1,000 4.000,000
--- 1908
270,000
414 g J de D TO June 1 1923 Guar Tr & S D Co, Phila
Equip tr ser A g gu red 10214 due $30,11110 yrlyOuPx
1.000
do
ser B g gu red 10214 due 145,000 yrlyOuPx
--- 1911
do
do
1.000
520.000
414 M & N To May 1 1926
do
do
do ser 0guar gold red 102% $35.000 yrly-GuPx
--- 1913
1.000
445.000
44 F & A To Feb 1 1928
PeP.xc*
do ser D due $40,000 yearly guar
--- 1914
560.000
1.000
414 M & S To Mch 1 1929 Penn Co for Ins,&c.Phil
Lehigh Valley-Common stock 1810,000,00050 80.501.700 See text Q-J Jan 9'15.214% Checks mailed
Preferred stock 10% (V 79, p 151. 269)
do
Q-J Jan 9'15.214%
13?,...,..., =
do
106,300
10
50
Office, 228 So 3d St, Phil
First mortgage extended in gold in 1898_13P.xc&r
zoo 11608
4 g J & D June 1 1948
1.000 5,000,000
Consolidated MIcoup& reg $4,762,000 4%s __xc&r11873
do
do
1.000 10,400.000414 & 6 J & D Dec 1 1923
$40.000,000 fannuity 12,538,000 4 tis ---FPx.f 3171 1873
do
do
1,000 12.600.000414 & 6 1 & D Irredeemable
General consol mtge)$150,000,000 gold__GPxc*Str
31 1903 ,000 &c 26,639,000
4 g 1.I & N May 1 2003
J P Morgan & Co,NY
do
do
414 g M & N May 1 2003
and company's office.
317 1903 1,000 &c 10,000,000
Collateral trust bonds $19,000,000 see textOP.xc•&r
_ 1905
4 g F & A Aug '15-Feb 26 1228 So 3d St. Phila
1,000 10,377.000
Equip trusts g due $250,000 s-a Series J_-_Usm.xc*
--- 1907
1.000 1.250.000
414 g M & S Sept'15-Sept'17 PhiladelphIa
Bonds of Controlled PropertiesLehigh & N Y 1st M gold guar p & i__Mp.xc*Scr
4 g M & S Sept 1 1945
115 1895
Morgan & Co,NY.
1,000 2,000,000
L V Rail Way 001st Mg gun & 1 (end)GP.xc*Str
1 & Drexel Co,Phila.
414 gJ & I July 1 1940
495 1890
1,000 15,000,000
Lehigh & Lake Erie 1st M $3,000,000 gold
x
ompany's office, Phila
11 1907
414 g M & S Mch 1 1957
1,000 3,000.000
Lehigh Val Term 1st M g guar p & i end__ Ce.xc*&r
5 g A & 0 Oct 1 1941
JPMorgan&Co, NY &Phil
28 1891
1.000 10,000,000
East & Am 1st M Phill N J to Perth Am &c guarx
5
M & N May 1 1920
Office, 228 So 3c1 St, Phil
69 1880
1,000 6.000,000
Easton & Nor let M g guar by,Leh Val_GP.xc*&r
51,900
do
do
13 1895
414 gM & N Nov 11935
500 &c
Middlesex Valley 1st mtge $600,000 gold_ _Ce.zc*
do
do
b g M & N Nov 1 1942
29 1892
200,000
1,000
Lehigh Valley RR. Phila
Pa & N YCan&RR-Cons gu (text) (end)....()Parr
137 1888
1,000 8.500.000 4, 4%. b A & 0 Apr 1 1939
Morris Canal consol stock 4% guaranteed perpetual
4
F & A Feb 6 '15,2% Office, 228 S 3d St, Phila
_
100 See text
do
Preferred stock 10% guaranteed perpetual
do
F & A Feb 6 '15. 5%
10
100 See text
g P Morgan & Co.NY.
L V Coal Co 1st M $12,000,000 g s f not dr__xc*&r
5 g J & 1 Jan 1 1933
-__ 1892
1,000 10,114,000
Co,
Phil
Drexel
&
do
interest reduced
and
&
J
Jan
1
1933
J
1,400,000
4
¢
x
1892
1,000
ompany's office. Philo
do
debentures
M & S Mch 1 1982
x
4
7.500.000
1912
Co's office, N Y & Phila.
Delano L'd let M g gu s f(V 90, p 1617)__--GP.x
5 g J & 1 Jan 1 1932
--- 1891
1.000 1,082,000
Wyoming Valley Coal copse'(now 1st mtge)
Fidelity Tr Co, Phila.
J & 1 July 1 1917
x
6
1,000
200.000
1887
Cons Real Est jet M $2,600,000(V83, p 702)-- Usm
F & A Feb 1 1954
4
1000 In treasury
--- 1906
Lexington Union Station-Preferred stock (see text)--------100
J & J Jan 1 1915 2% Office, Lexington, By
4
388,000
Portland, Me
Lime Rock-Consolidated refunding mortgage gold_x
4 g J & 3 July 1 1929
12 -400,000
1.000
43.71 miles yard tracks and sidings in and about Louisville. Sou. Ry. Baltimore & Ohio and Chic. Ind. & Loulsv, own the $75.000 capital stock, and
under new lease for 99 years from June 1 1910 pay monthly, in proportion
to cars handled, any deficit in operations, rentals, taxes and Interest.
Bonds. £2,000.000 auth. issue, of which £1,231,000. guar. by the three
proprietary cos., were issued to retire the $2.136,600 old bonds and for new
construction; remainder reserved for future purposes. V.92,D. 187; V.91.
P-L589, 214,38; V. 92, p.261, 1032; V.93, p.469; V.95, p. 1403.
EARNINGS.-For year ending June 30 1914, gross, $362.917; oper. exIY
and taxes, $543,425; interest, $269,478; rents charged tenants, 1449,986.
Pres., H. W. Miller, Atlanta, Ga.; Sec., C. R. Arnold, Louisville; Treas.,
H.D.Ormsby.-(V.95, p. 1403; V.97. p.521.)
KEOKUK & DES MOINES RV.-Owns from Keokuk, Ia., to Des
Moines, Ia., 162 miles. Leased for 45 years from Oct. 1 1878 to the Chicago
Rock Island & Pacific Hy. The lessee pays 25% of the gross earnings but
guarantees the int. (not the principal) on the bonds. Stock is $1,524,800
pref. and 12.600,400 corn. (par, 1100), a majority of which is held by the
lessee. Pref. entitled to share with common stock in any excess over 8%.
Suit over lease. V. 99. p. 49, p.609. 989.
• DIVS.- 100.'01.'02. '03. '04. '05-'07. '08. '09.'10 to'12. '13. 1914.
Oepref.. %1 % 1
1 2 114 None 1% 1 214 y'ly 314 Apr,3%
Rental:1'1171913-14, $186,306; 1912-13, $187,074; 1911-12, 1178,993
1910-11, $179,565; 1909-10, $173.709.-(V. 99, p.49,609,969.)
KEOKU K & HAMILTON BRIDGE CO.-Owns bridge across M ississipp
River at Keokuk.Ia.,for railroads and foot-passengers. The present user
are the Toledo Peoria & Western and the Wabash. V. 95, p 818
Regarding guaranty, see V. 95, p. 969; V. 72. p. 821. Stock, 11.060.000
par,$100. The bonds were originally 8% bonds,carrying semi-ann.coupon
of $40 each,on which for many years payments were made from time to time
as income allowed, the second half of coupon No. 52. due Awl' 1895. being
paid in Dec. 1912. Early in 1913 all the $40 coupons were canceled and
new semi-annual coupons of $15 each were attached, which are also to be
taken up as earnings permit. New coupon No. 1 was paid in April 1913,
No. 2 Sept. 1913; No. 3 Jan. 1914, No. 4 Aug. 1914. In May 1914 the
Keokuk & Hamilton Bondholders' Co. was incorp. in Dela. with $1,000,000
stock with a view to taking over the property. See plan, still pending in
Jan. 1915, V. 99, p. 120.
WEARNINGS.-Year ending June 30 1914, gross, $72,603; net, 933,937;
Interest, $30,000; taxes, $5,310. In 1912-13, gross, $72,603; net, $30,489;
other income,$23,529. Pres.. Andrew Carnegie' Treas., Theodore Gilman,
55 William St., New York.-(V. 95, p. 818; jr, 99, p. 120.)
LA CROSSE & SOUTHEASTERN RY.-Owns La Crosse and Southeastern Jct to Viroqua. Wis.. 40.81 miles: trackage La Crosse and S. E. Jct. to
La Crosse, 1.8 miles: total, 42.61 miles.
Stock authorized, 11,000,000;
outstanding, $955,000; par, $100. Bonds, $1,000,000; auth.; o tstanding,
$300,000. Wisconsin Trust & Security Co. of Milwaukee, trustee. V. 80,
p. 222. Year ending June 30 1914, gross, $90,863; net, $32,870; taxes &
int., $17,987; bal., stir.. $14,883. Pres., John H. McMillan, Minneapolis,
Minn.; V.-P., A. S. Cargill, Milwaukee, Wis.; Sec. & Treas., Jas. B. Taylor, Minneapolis, Minn., and Awl., 8.1. Lennon, La Crosse, Wis. Office,
30014 Main St., La Crosse, Wis.-(V.80, p. 222.)
LACKAWANNA RR. OF NEW JERSEY,-(See D. L. & W. Map.)
Owns from Hopatcong, N. I. to a point near Portland, Pa. 27.44 miles,
opened Dec.1911, D.L. de W.leases the road for a guaranty 'of 4% on the
stock. V. 93, p. 1324, 1786; V. 92. p. 656; V. 90, p. 557; V. 88, P. 558;
V. 86, p. 543. Stock outstanding, 110,750,000, was distributed in Dec.
1911 as a dividend to the D.L.& W.stockholders.-(V.93. p. 1786.)
P LAKE ERIE & PITTSBURGH RY.-Under construction from Lorain,
0., to Youngstown, 91 miles, with 29-mile branch to Cleveland; total 120
miles. Of this about 27.79 m. between Marcy, at a connection with Cleveland Short Line By. and Brady Jct. on Pennsylvania RR., was opened in
Oct. 15 '11. V. 98, p. 1241. Jointly owned by L. S. & M. S. and Pennsylvania Co., which lease the road, rental providing for interest and 5%
on stock. Stock auth., $6,000,000, as increased in May 1911; outstanding,
34,300,000. Of the bonds 415.000,000 auth. issue), the first $5,000,000
are to be 434s. remaining 5s, 14,300,000 (which are guaranteed jointly)
having been issued to pay for construction, being all owned Dec. 31 1913 by
New York Central and Pennsylvania companies.-(V. 95, p. 680.)
LAKE ERIE & WESTERN RR.-ROAD.-Owns Sandusky. 0., to
Peoria, III. 413 miles; branch to Minster, 10 miles; branch, Indianapolis to
Michigan City, 159 miles; Fort Wayne to Connersville and branch to Rushville, 128 miles: total owned, 710 miles; leases Northern Ohio RR.. Akron
to Delphos, 162 miles: trackage, 33 miles; total operated. 905 miles.
HISTORY.&C.-See V.50,p. 590; V.85. p. 600. Lake Shore & Mich.
South. owns 15,940,000 corn, and $5,930.000 pref. stock. V. 71, p. 1269.
DIVIDENDS.1'99. '00. '01-'03. '04. '05. '06. '07. '08. to '14
On preferred
%.1 0 2 4 yearly 3 3 3 2
none
BONDS.-Guarantees $2,500.000 bs Northern Ohio. which see.
EARNINGS.
-12 mos.,11914
Gross, $5,602,771; net, $1,148,915
11913
Gross, $5,934,643; net, $1,083,163
Jan. 1 to Dec. 31.
ANNUAL REPORT.-For cal. year 1913 was in V. 98. p. 1308.
50 $54.39416
Oper.revenue $5,934,443 $5,839,430 Int. on bonds____1123,7.
944,819 1,254,434 Other interest_ -_ 95,324
98,537
Net income._
131,215 Addns
133,194
' & betti
'der. 216,081 2042
239
Rentals
3
9:4
268,251 Balance
Hire equip.,&c. 388,612
-V.94. p.826. 1049; V.96. p. 790,940: V.98.P. 1071.1308.)
LAKE SHORE & MICHIGAN SOUTHERN RY.-Merged on Jan. 1
1915 into New York Central RR.
LAKE SUPERIOR & ISHPEMING RY.-See page 141.
LANSING MANUFACTURERS' RR.-Leased to Mich. Cent. RR.
LARAMIE HAHN'S PEAK & PACIFICRY.-See Colo. Wyo.& E. Ry.
RR.-Owns Las Vegas, Nev., to Beatty.
Pir LAS VEGAS & TONOPAHarrangement
was made with the Bullfrog116 miles. In June 1914 an

Goldfield RR.,under which the road between Beatty and Tonopah is to be
practically re-constructed. The Las Vegas & Tonopah RR. in return for
'and transfer
Its guaranty of the $199.000 Bullfrog-Goldfield 1st M. bonds
of part of its line between Beatty and Goldfield,receives 51% of the Bullfrog
company's stock ($1.640,000 as reduced), per plan. V. 99. p. 1538. Stock
auth.,$4,000,000; outstanding,$1.500,000; par $100. Working liabilities.
$1,671,302. No bonds.
For year ending June 30 1914 (199 miles), gross, $194,883; net, $5.353;
other income, $500; interest, taxes, &c., $62.013; bal., def., 156160. In
1912-13, gross, $196,713; net, $5,207. Pres., J. Ross Clark; Vice-Pres.,
0, A. Whittemore; Sec. & Treas., W. H. Comstock. Office, 583 Pacific
Electric Bldg., Los Angeles, Cal.
BULLFROG-GOLDFIELD RR.-Beatty, Nev., to Goldfield, Nev. 80
miles. In June 1914 control was obtained by Las Vegas & Tonopah
duplicate lines being abandoned. See above; V. 99, p. 1538. Year 191314. gross, 184,972; oper. def.. $6,333; other income, $10,524; int., taxes.
&c., $121,639; bal., def., $117,449. In 1912-13, gross, 999,083; net.
$6,247.-(V. 98. p. 1918; V. 99, p. 1536.)
•LEAVENWORTH TERMINAL RAILWAY & BRIDGE.-Owns highway and railroad bridge (opened Jan. 1 1894). 1.110 ft. long, over Missouri
River at Leavenworth. Kan., and valuable terminal property in that city.
In July 1910 the Chicago Great Western acquired the entire stock, but does
not guarantee or assume bonds. V. 91. p. 214, 397. Kansas City St.
Joseph & C. B.(Chicago B. do Q.) and Chic. R. I. & P. use the bridge at an
annual rental of $16.000 each, under a 30-year contract from 1894, with
option of 30-year extension. Year 1913-14. gross. $54,639; net, $52.092;
Int. & taxes. $38.552; bal., sur.. $13.540. Stock. $600.000.-(V.91.p.397.)
LEHIGH & HUDSON RIVER RY.-Owns from Maybrook on Central
New England By. to Belvidere, N. J., on the Penn. RR., 73.9 miles; and
from Phillipsburg, N. J., to Easton, Pa. .70 miles; trackage, Penn. RR..
Belvidere to Phillipsburg, 13.3 m.; D. L. & W. trackage, Andover Jot, to
Port Morris. N.J., 8.7 m.; total operated, 96.6 miles. V. 79. P. 269; V.94,
P. 416. Dividends, 4% each, paid Dec. 20 1912 and 1913.
BONDS.-Of the $2,587.000 gen. mtge. bonds out, 11,062,000 are guar.
jointly, p. & I., by Central RR. of N. J. and Leh. Coal & Nay. Co. and
$165.000 are reserved to take up prior liens. V. 92. p.595, 1701. See
form of guaranty, &c.,in V.67,p.788; also V.85,P. 1513.
EARNINGS.-6 mos ,f1914
Gross, $904,945; net, $290,301
July 1 to Dec. 31.
Gross, 921,840; net, 211,179
11913
ANNUAL REPORT.-For years ending June 30. V. 99,1668.
J'ne 30 Yr.
Net. Other Inc. Charges. Div.(4 (5.13a1.,Sur.
Gross.
1913-14----$1,774,792 $431,893 $5,096 $304,290 $53,600 $79.099
208,564
53,600
4.933 291,519
1,849.435
558.760
1912-13Lewis A.ililey, Pres., Phila.,Pa.-(V.99,p. 538. 1668.)
LEHIGH & NEW ENGLAND 12R.-(See Map.)-Operates road from
Haute,Pa., to Campbell Hall, N. Y., 127 miles; Hainesburg Jct., N.J., to
Edgewater, N.J., 60 miles; Bethlehem, Pa., to Benders Jct., Pa., 19 miles;
Bath, Pa., to Martin's Creek, Pa. 18 miles, and branches, 70 miles; total,
under
June 30 1914, 294 miles, of which 6m.are leased and 100 m.operated
trackage rights, leaving 185 miles owned. V. 95,p. 1403. Also merged
Dec.
1
miles.
on
21
Pa.,
Nesquehoning,
to
Tamaqua
RR.,
Panther Creek
to Catasauqua.Pa..5 m.
1913. V.97. p,. 1583, 1663. Extension building
Co. owns control. V. 78. p.
V. 98, p. 1845, 1920. Lehigh Coal & Nay.
brought suit to separ1781.1962; V.91,0. 1386. In Sept. 1913 the Govt.
Co. and Cent. N. J. See Reading Co.
ate road from Lehigh Coal & Nay.$7.500,000;
outstanding, 16,009,000, of
SECURITIES.-Stock auth..
& Nay. Co.; par, $50. Diviwhich $5,997,500 is owned by Lehigh Coal
June 30 1914.
dends.4% each, paid Dec. 31 1913 and
Bonds, &c.-Of the Gen. M. 54 of 1914 ($15,000.000 auth. issue), $4,old bonds,called for payment
000,000 Series A were sold to retire 92,650,000
Oct. 1 1914 and Jan. 11915, and for additions and improvements,$1.000.the
1st
54
of
1895
and $10,000,000 for future
retire
to
reserved
W0 were
purposes. V.99,p.49.674. The Lehigh Coal & Nay.Co.(V.91,p• 1386)
guarantees car trusts A and B,&c. V. 86,9. 1343, 1409; V. 96. p. 63.
Gross, $1,368,856; net, $627,716
6 mos., 1914
EARNINGS.
Gross,
11913
964,924; net, 418,386
July 1 to Dec. 31.
For 6 months of 1914, 293 miles, against 283.
REPORT.-For year ending June 30 1914. In V. 99. p. 1525, showed
net, 1998,520; taxes, $43,126; other income.
(294 miles), gross, $2,255,800;
99,943: int., hire of equip.. &c.,$418,226; dividends (8%). $361,600; bal.,
1912-13
(269
miles), gross, $1,793,785; net, $830,745;
In
$185,512.
sun,
taxes, $29,700. Pres., Samuel D. Warriner; V.-P. & Gen. Mgr., Rollin H.
Wilbur; V.-P. & Gen. Counsel, Wm. Jay Turner: V.-P. & Sec. H. F.
Baker; Treas., Henry H. Pease.-(V. 99. p. 674, 1366, 1526, 1832.;
o
kep
air
ee
r._July 1914, 1,444 miles,viz.:
LEHIGH VALLEY RR.-(See Map.)re-acasci
4
,46IT
L
143
Main Line (fee, or all stock owned)
45
o own'd)_810.rs (2d track 595 miles)
llusffac
tolk
te
y otroaB
(fie
aencheeysC
Brj
HISTORY. ETC.-The Drexel-Morgan interests, it is understood, have
a preponderating voice in the management. A syndicate represented by
Kuhn. Loeb & Co. In July 1910 acquired a large interest. V.91. p. 278.
The Lehigh-Buffalo Terminal Ry. Corp., all of whose securities will be
owned,was Incorporated in Feb.1915 to build a new passenger terminal at
Buffalo. V. 99, p. 467; V. 100, p. 397.
• COAL PROPERTY.-The Lehigh Valley RR. Co. owns all the ($1.965.000) stock of the Lehigh Valley Coal Co.(V,81. p. 1726). Annual report
for 1911-12 In V.95. P. 477. Purchase in 1905 of Coxe Bros.. see "Bonds."
The Coal Co. shipped from collieries owned and controlled 7,877,390 tons
of anthracite coal In 1913-14, against 8,860.032 tons in 1912-13; total coal
and coke tonnage 1913-14 was 16,464,948.
In Jan. 1912 the Lehigh Valley Coal Sales Co. was incorporated. See
extra div. below and Lehigh Valley Coal Sales Co. under "Industrials."
V.94,_33. 123; V. 92, p. 956; V. 95, p. 487. 478.
On Dec. 21 1914 the lower Federal Court dismissed the suit brought by
the Government against the company and its subsidiaries and the Lehigh
Valley Coal and Coal Sales companies for alleged violation of the anti-trust
law and commodities clause of the Inter-State commerce law. V. 98. 1:0•
912. 1920; V. 99, p. 1910.

ABELL HALO'''.

I3laybrook
I
BurnsMe
;ails GwalS'
te
e.:JRveb.urg
W„..------ Cornwall'

3liddletown'f'7
..2..

'N

0

aS'

G 0S H E N'•,,,E

,i,
z -., re<, yeourt

[TIM ••aaj

.--Ci114
7

4.
'
11

....V

EMPIRE QUAR
QISS
/i
<G4

-i6'c

1
;

'
,
/E.

Ce

•.

4",,.
°00

X/

salloa GNV SNOWS AVAAIIVII

'.
"Q.% 1%,,4

Lk

1.ndover Jet.

aueli

_/-LEHIGH

Belvidere
m

.1„.

NS CREEK

...iartins Creek
,
Do.

MAP OF

LEHIGH & NEW ENGLAND It. It
AND CONNECTIONS

78

RAILWAY STOCKS AND BONDS

[VOL. 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Miles Date
Par
RAILROAD COMPANIES
and Maturity
Payable
%
Dividends are Payable
Road Bonds Value Outstanding
(For abbreviations. &c., see notes on first pagel
1934
1
Nov
N
&
M
g
6
Tr Co, N Y
Central
gold_x
44
,
$1.000,000
51,000
1904
$1,000,000
mtge
Litchfield & Madison-First
on Riv or RR.
Little Falls St Dolgeville-See New York Central & Huds
10
Mch
10
2%
'15
____
Office,
Q-M
3-5
8
Bldg, Cin
Fosdick
___
4,943,100
50
L__
St
&
PC
yrs
99
8%
gu
original
Miami-Stk
Little
Q-M 10 Mch 10 1915 1%
do
4
do
Special guaranteed betterment stock ($5.000,000)---------50 4,313,150
M & N Nov 1 1962
4
Farmers'Ln&TrCo. N Y
z
1.000 1,070.000
General mortgage $10.000,000
Sou.
&
Mtn
Iron
Louis
St
-See
West
Sp
Hot
&
Little Rock
5 g J & J. Jan 15 '15 214 Office. 410 Wainut,Phila
3250 2,487.950
Little Schuylkill Nay RR & Coal-Stock (rental guar)
Safe Dep & Tr Co, Ball
A & 0 June 1 1942
5
789.000
1.000
81 ioN
x
Live Oak Perry & Gulf RR-First mortgage
U S Mtge & Trust Co,NY
F & A Aug 1 1918
7
268.703
155
first)
xc•
&c
100
1878
mortgage
(now
-Second
Long Island
do
Q-J July 1 1931
do&Lon
1,000 4.731.000 4 & 5 g
156 1881
Consolidated mortgage (gold)($3.610.000 are 5s)Ce.v
do
do
4 g J & D June 1 1938
1,000 3.000,000
163 1888
Ce.vc•
General mortgage gold
1.000 1,404,000
do
4)4 g Si & S Mch 1 1922
do
-__ 1892
Long Island REM on ferry for $2.750.000 g _Ce.zc•
000
1.
g
4
June
D
332,000
&
J
1 1932
do
do
18 1892
Stewart Line mtge of 1932 for $500.000 gold_ _ _Cev
1,000 ai,135,000
5 g J & D June 1 1934
do
do &Lon
1894
.._
Debenture ($1,500,000) gold not subject to call___z
Si & S Mch 1 1920
do
6
do
125,000
1.000
2 1880
New York & Flushing first mortgage assumed_ _Cez
do
5 g J & D June 1 1938
do
600.000
1,000
76 1888
Bklyn &Mont 2dM assu BusSta to E'tp't & brsCe.zc•
do
5 g Si & N May 1 1937
do
650.000
1,000
19 1887
Long Island & Flushing M gold assumed_Ce.vc*
J & J Jan 1 1943
do
5
do
al00.1)00
1,000
6 1893
New York Bay Extension 1st Si ass $200.000
z
J & J Jan 1 1945
5
do
do
a315.000
1,000
21 1895
Montauk Extension $600.000 1st Si assumed__ _z
do
4 g Si & S Mch 1 1949
do
1.000 5.660,000
316 1899
Usm.xcecr
Unified Si gold callable at 110
1
Mch
S
1949
Am Nat Each Bk, NY
4 g Si &
500 &c 24,008.000
316 1903
Refund mtge $45,000,000 gold gu p & 1 Eq.xc•&r
J & D Dec 31 1919
4
12.247.957
z
1909
Debentures $16,500,000 authorized
Leased and Controlled Lines. Principal or Interest Guara nteed.
1.000 0..262,000
5g
Q--.1 Oct 1 1932
U S Mtge & Tr Co, N Y
30 1892
L I RR No Sh Br cons Si $1,425,000 gu p&I_Ce.vc•
do
A do 0 Oct 1 1935
do
5g
1,000 a1,601,000
19 1885
N Y B & Man B 1st cons Si $1,726,000 gold gu__Cev
do
do
5 g Si & S Sept 1 1927
a883,000
1,000
___ 1887
N Y & Rock Beach 1st M $984,000 guar p & 1_ _ _ _Ce
Various 1926-1931
do
do
434
436.000
PP & CI 1st and 2d ($96,000 seconds) guar
1,000
10 '86-'91
v
Columbia Trust Co. NY
5 g A & 0 Apr 1 1961
1,000 1.500,000
Lorain Ashland Sc Southern-IstM$2,000,000 g_x 7334 1913
1961
1
Apr
St Louis Union Trust Co
A & 0
0
1.000 1.200,000
2d M $1.200,000
x 7334 1913
Clt S & T Co, Cies,& NY
5 g J & J Ian 1 1963
1,000 2.000,000
35 1906
Lorain Et West Virginia-lst M $2,000,000 g___xc•&r
100 5,000,000 See text. Semi-an Sep 15'11 131% Checks mailed
273 -Louisiana & Arkansas-Stock $7.000,000 authorized_
Guaranty Trust Co. N Y
5 g Si & S Sept 1 1927
1,000 5,196.000
273 1902
First mortgage $7,000,000 gold (text) _ _ G.xc•&r
do
do
M & N To Nov 1923
6
51.000
Equipment trusts due $3,000 semi-annually
1,000
do
do
A & 0 To Oct 1923
6
144.000
1,000
1913
do
due $8,000 semi-annually
do
Seedy, McL & Co. N Y
5 g J & J Jan 1 1945
100,000
1,000
35 1895
Louisiana & North West RR-Underlying M gold __x
default
In
1935
1
Apr
0
&
A
g
5
First mortgage $10,000,000 gold
1,000 2,150,000
115 1905
MSt.xc•
a In hands of public: total Issue shown in left-han d colu mu' ha lance tin der unified mtge.
See text
434 g J & .1 July 1 1953
1,000 10,545,000
342 1903
Louisiana Ry & Nay-First Si gold (see text)-F.xc&r
R Winthrop & Co. NY
M & S Mch 1 1950
5g
250,000
500
45 1897
Louisiana Southern-lst M g red at 105
Ce.xc
S P Co, 120 B'way, N I'
Is J July 1 1921
J
6g
1.000 2.240.000
106 1881
Louisiana Western-First mortgage gold
Ce.zc•
100 i 500 000 8 In 1914 Semi-an Jan 2 1915 4% Pittsburgh, Pa
ismiaville Rrida,. Cn-Stnt•Ir
STOCK.-In 1910 $20,166.900 new stock was subscribed for by stockholders at par to retire 2d M.7s due Sept. 1 1910. V.90. p. 1101. 1676.
1915.
DIVIDENDS. 194-'03. '04. '05. '06. '07-'10. 1911-13. 1914.
Since 1893 (%)__I None 1
4 4 6 y'ly. 10 yriy Below 234,-.-,-.
In Feb. 1912 also an extra cash dividend of 10%. applicable If desired to subscription for stock of new Leh. Val. Coal Sales Co. V.94. p.123.
In Jan. 1914,5% (semi-ann.); April, 234% (quer.); July and Oct.. 234%.
V. 97. p. 1823.
BONDS.-The gen. consol. mtge. of 1903 will secure $150.000,000 bonds
bearing not to exceed 5% int., covering the entire road, the stock of the
Lehigh Valley Coal Co. and other stocks owned. Of the bonds, $10.000.000
were issuable at once. $10,000,000 were reserved to retire car trusts and
coal-purchase bonds. $96.000,000 to retire at or before maturity outst. fixed
obligations amounting to $94,130.000 (incl. theca.trust bonds of 1897 and
$2,000,000 coal trust ars. of 1902, which were called for payment), on payment of which the general consols will be a first lien on all the property of
the system, except as to $12,600,000 annuity bonds, which are a perpetual
lien; the remaining $34.000.000 are Issuable at not exceeding $2.000.000
a year, or such larger amounts as may be authorized by stockholders, beginning Jan. 1906, for acquisitions, terminals, coal properties, equipment. deo.
Old bonds may, however,be extended,if necessary,for not over two years.
Provision may be made at time of issue of bonds thereunder for right to convert into stock at pleasure of holder not over $25.000,000 at any one time
outstanding. In Dec. 1913 $26,639.0004a were outstanding and $10,000000 434s were sold for new equip, and impts. and $13,000,000 4s are in the
treasury. V.97,p. 1823, 1898; V.98, p. 523; V.99, p. 477; V. 77. p. 824;
V.78,p. 287; V.79,9. 1642; V.82, p. 1380; V.86. p. 1343; V.88. p. 1372.
See security, V.81, p. 211.
The purchase of the stock of Coxe Bros. & Co. ($2,910.150) and of the
Delaware Susquehanna & Schuylkill RR. ($1,500.000) in Oct. 1905 was
financed by an issue of $19.000,000 coll. trust 4% bonds, to be retired by
$500,000 semi-annual installments beginning Aug. 1907 and secured by
deposit of those stocks with trustee. Bonds subject to call as a whole at
10234. beginning Aug. 1912, or in order of serial numbers. V.81, p. 1175.
1242, 1376; V. 82, p. 100; V. 83, p. 702; V. 84. p. 1428 V.88, p. 452.
GUARANTIES.-Lehigh Valley Rail Way Co.-Owned Buffalo. N. Y..
to near Sayre. Pa., 175.16 miles, double track, and branches, 339.79 miles,
n all 514.95 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 &
Lake Erie. Stock.$11,745,000, all owned by Lehigh Valley RR. Mortgage
abstract. V. Si, p. 114: V. 77, p. 147, 972: V. 81, p. 784; V. 84. p. 1366.
Lehigh Valley RR. Co. of New Jersey.-Owned double-track road from
Phillipsburg, N. J., to Jersey City, and branches, with about 125 acres at
Jersey City and a large waterfront, &c. Total mileage, 122 miles. Stock
outstanding, $12,506,000, all owned by Lehigh Valley RR., which in 1914
leased it for 99 years. V. 77, p.972; V.53,9.640,880; V.81, p.784: V.83,
p. 703; V. 98, p. 1845, 1920.
Morris Canal.-Stock and bonds mostly owned by Lehigh Valley RR.
See Issue Oct. 1912 and V. 92. p. 527. 1109; V. 93. p. 811, 1106; V. 94,p.
419; V. 95, P. 488; V. 97, P. 373*
Penn. & N. Y. Canal & RR.-Leased for 99 years from Dec. 1 1888 to
Lehigh Valley. which has assumed its debt and owns all its stock. Consols
=hide $4.000,000 54. $3,000.000 4s. $1.500.000 434s. V. 62. p. 950.
bds.; none sold June 1914. V.79. p. 1271
Seneca County Ry.. $500.000
Lehigh & Lake Erie mortgage ($3,000,000) covers 11 in. double-track terminal road at Buffalo. V. 81. p. 211; V. 83, p. 702. Now a part of the
Lehigh Valley Ry.Co. V.84.D. 1248: V.85. p.312: V.87.9.817.818.
EARNINGS.-7 mos., f1914-15-Gross. $25,120,742; net, $7,184,149
July 1 to Jan. 31.
11913-14_ _ _Gross, 25,492,803; net, 7,362,754
ANNUAL REPORT.-Fiscal year ends June 30. The report for 191314 was given in V.99. p. 462. 475. See also editorial. p. 442.
1911-12.
1912-13.
1913-14.
Revenue from operaiton$18,492,683 $20.385.389 $16,301,316
Coal freight revenue
15,026.684 16.339.749 14,591.240
Merchandise freight revenue
4.703.734
4,867.554
4.795.147
Passenger revenue
1.309,645
1.450.680
1.469.050
Mail, express. &c
Total operating revenue
Net after taxes
Other income

$39,783,564 $43,043,372 $36.905,935
$10,344.263 $12.208,137 $10,582,434
2.116.462
2.303,755
2,864,272

$13,208,535 $14,511,892 $12,698,896
$3,308.429 $3.127,360 $3.167.635
Interest on bonds
2.239.295
2.239.295
2,212.420
Lease other roads
153.927
167.063
210.322
Joint facilities-rents
325,019
216.346
420.704
Miscellaneous
10,630
10.630
10,630
Dividends on preferred stock (10)%_
6.050,170 6,050.170
Dividends on common stocks (10%)- 6,050,170
$752.220
$995,860 $2.701.028
Balance, surplus
Pres., E. B. Thomas. 143 Liberty St., N. Y.; Vice-Presidents, J. A.
Middleton. T. N. Jarvis. L. D. Smith: Gen. Mgr.. J. F. Maguire: Treas.,
C. J. Culp; Sec.. D. G. Baird. 228 So, 3d St., Philadelphia; Executive
Thomas; Geo. F. Baker, E. T. Stotesbury,
Committee: Chairman. E.
Wm.P. Clyde, W.II. Moore and Daniel G. Reid.
W. R. Butler, Fred. M. Kirby.
Stotesbury,
T.
-Edward
Directors
Wm. H. Moore, Daniel G. Reid, E. S. Moore. Wm.P. Clyde, Abram Nesbitt, Geo. F. Baker, Henry B. Coxe, E. B. Smith, Morris L. Clothier.(V. 99, p. 1451, 1910; V. 100. p. 65, 308. 397.)
LEXINGTON & EASTERN RY.-See Louisville & Nashville.
LEXINGTON (KY.) UNION STATION CO.-Owns passenger station.
Common stock, $15,000. owned equally by Loulsv. & Nashv., Ches. &
Ohio and Lexington & Eastern. There has been authorized $500.000 of 4%
cumulative (non-voting) preferred stock, secured by mtge., and rentals paid
cars. Pres.. W.A. McDowell;
by above-named roads on basis of passenger
-Owns road In and around Rockland, Mc., II in.;
LIME ROCK RR.
controlled by the Rockland$450,000;
Stock.
trackage, 1 m.; total. 12 m.
Rockport Lime Co. of Maine (V. 92, p. 960). Div. In 1905-06, 5%; 1906-

07, 5%, of which 3% from accumulated surplus; 1007-08, 234%: 1908-09
234%; 1912-13, 431%
5%; 109-10, 434;1910-11, 331%; 1911-12,
1913-14, 131%. Year ending June 30 1914, gross, $72,019: net, $19.229
div.
$16,000;
$5,625; bal.. sur.
(131%).
int.,
bond
$2,535;
income,
other
$139. Office, Rockland.-(V. 82. p. 1380.)
to Madison, Ill.,
Jct.
Litchfield
RY.-Owns
LITCHFIELD & MADISON
44 m.•, trackaze, 1 in.; total. 45 m. Stock. common, $500.000: nref•. 4%
June
30
trusts
1914,
$129,286. Year
Car
$100.
par.
$500,000;
non-cum.,
ending June 30 1914. gross. $221,698; net,371,105: other income.321.315;
int., rentals, &c., $72.514; bal., sur.. $19,906. Pres., James Duncan.
Alton, III.-(V. 79, p. 1256.)
LITTLE KANAWHA RR.-Parkersburg, W. Va.. to Owensport, 30.44
m. Stock, common, $359,500; pref., $150,000; par, 3100. Controlled
by Pittsburgh & Lake Erie. Pennsylvania Co. and Bait°. & Ohio, which
own $478.100 of the stock, the last-named operating the road as agent for
the owners. V. 86. p. 981: V. 82, P. 628: V. 86, p. 981. For year ending
June 30 1914, gross, $35,292; op. def. after taxes. $13,898; rentals. &c..
$7.310; bal.. def., $21,208. Pres., J. M. Schoonmaker. Pittsburgh;
Sec.-Treas., J. T. Blair, PIttsburgh.-(V. 98, p. 155; V. 99, p. 1366.)
-(See maps Pennsylvania ER.)-Owns Cincinnati.
LITTLE All A All RR,
0.. to Springfield, 0. 84 m.: branch, Xenia, 0., to Dayton,0. 15 m.•, Dayton. 0., to Ind. State line, 38 m.; leases Columbus & Xenia Ea.. Xenia, 0.,
to Columbus, 0.. 55 m.: Ctn. St. Con. RR., 2 m.: Richmond & Miami RR.,
Indiana State line to Richmond, 4 m.; total, 199 miles.
LEASE.-On Dee. 1 1869 leased to Pittsburgh Cincinnati & St. Louis
(now Pittsburgh Cincinnati Chicago & St. Louls) for 99 years, renewable forever. The Penna. RR. Co. is a party to the contract and guarantees its
faithful execution. Rental is 8% on $4,943.100 original stock, 4% on betterment stock and Int. on debt. V 84, p. 51. 815; V. 86. p. 857.
BONDS.-The general 4s of 1912 ($10,000,000 auth. issue; Cent. Trust
& Safe Dep. Co. of Cincinnati, trustee) are to bear not over 4% bd., with
a first lien on the entire property. Of the bonds, $1,070,000 50-year,
series A.4s,payable Nov.1 1962. were issued to take up the 5s maturing on
that date and the remainder from time to time to pay for betterments when
approved, but none can be issued until all the special betterment stock
authorized under the lease has been issued. V.95. p.750, 1331: V.96.p.420.
Lessee's report shows results to lessee: in 1908, loss, $142,946; in 1909.
jprofit, $67,171: in 1910, profit. $79.646; in 1911. profit. $189,539: in 1912.
loss, $28,188; in 1913, loss, $142.190. Stock auth., $10,000,000. Beginning Dec. 1899 1-5% extra paid on common stock each Dec. and June,
and with 1912 1-5% also in Sept., from surplus invested funds, making
dividend 83-5% yearly.-(V. 96, p. 360, 420; V. 99, P. 467. 969.)
LITTLE SCHUYLKILL NAVIGATION RR. & COAL.-Owns from Port
Clinton to Tamanend and Reevesciale. 31.44 miles; 2d track, 26.47 in.: total.
91.71 miles. Re-leased on Dec. 1 1896 to Phila. & Read. Ry. for 999 years
and rental reduced from 7% on stock to 5% gold from Jan. 1 1907
DIVS.'04. '05. '06. '07. '08. '09. '10. '11. '12. '13. '14. 1915.
Since 1903%J' 5 534 5 534 534 5 534 5 534 5 534 Jan,234
Lessee pays taxes and organization expenses.-(V. 98. p. 1845.)
to Econfenia, Fla.,
LIVE OAK PERRY & GULF RR.-Owned Live OakJct.
to Murat. Fla..
62.85 miles: Mayo Jct. to Alton, Fla.. 14.41 m.• MuratFla.,
to Longbridge.
Ridge.
Hampton
extension
miles;
3.74 m.• total, 8:1
$600.000:
15 in., Opened Nov. 1913. Stock auth., $2,000,000; outstanding
$714.000 were issued
par, $100. Of the bonds ($900.000 authorized issue).
debt.
trusts
Car,
floating
reduce
and
bonds
old
to retire $405,000
30 1914. gross,&c.'
$151,610;
Juno 30 1914. $61,979. For year ending Junebond
interest, &c., $44.299;
not, after taxes, $28,394; other income. $542;
bal., def., $15,363. In 1912-13, gross, $114,619; net, after taxes, $13,222.
Pres., W. L. Roach; V.-P. & Treas., J. II. Powell; Traffic Mgr., Sec. &
Asst. Treas., R. Hopkins. Office, Live Oak.
ocw
mssu_r_fa
e roadshlchseoef.)Long Island.
-Operates the steLaease
LONG ISLAND RR.
Miles.
15
Long IslandCity to Greenport_ _ _ 95 N. V. liklyn. & Man. Bch,
115
ague
Tnrnaac.kT
Long Island City to Montauk_ _ _ _114
Penna. Tunnel
& Terminal
Sundry branches
n
4
Leases (*which see)10
Nassau Electric RR
Total Dec. 31 1913
399
30 Oper. electrically (miles tr.)
North Shore Branch RR
188
N.Y. & Rockaway Beach Ry.•__ 12 Double track
132
Also owns, through the Long Island Consolidated Electrical ComPanles.
the Huntington RR., Northport Traction, Nassau County Hy., Glen Cove
RR.and Ocean Electric fly., having combined mileage of 3234 in., incl. 18 34
In., Huntington to Amityville. owned Aug.26 1909, suds one-half
interest
In N Y. & Long Island Traction Co., 35 m.. and Long Island Electric Ry..
27 m. V.89, p.598 V.90, p. 1040. The Long Island trains began using
the station and tunnel of the Penn. RR. In N. Y. City Sept. 8 1910.
STOCK.-$12,000.000, par $50 of which Penn. RFt. owns $6.797,000.
f '82. '83-90. '91. '92. '93. '94. '95. '96.
DIVIDENDS.None
Per cent
1 1 4 y'ly. 4 34 5
ese.
nc
5 434 4 4
BONDS.-The refunding 4s of 1903 ($45,000,000 authorized Issue) are
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 prin. and int. by the Penn. RR., were sold, the proceeds to
be used for various Improvements and additions in connection with the
Pennsylvania tunnels to and through New York City, principally for additional terminal facilities at Bay Ridge and Long Island City and for a doubletrack connection with the New Haven road, for additional freight and passenger terminals, tracks, equipment, and to retire old bonds. V. 78, 13•
58.3. 1549: V. 79, p.2796: V.80, p. 1111; V.81. p.211' V.82, 9.868; V.92.
p. 527. Due Penna. RR. Oct. 1911 for advances $12,798,792. on account
of which 312,247.951 debentures out Dec. 311913. V. 93, p. 1022.
Equipment trusts Dec. 31 1913. $2,722,000; loans and bills payable.
$14.141,286. Penn. Co. Dec. 31 1913 owned $1,400,000 4% equip. certfs.
and Penn. RR. $722,000. Also in 1914 sold to Pennsylvania RR. $1,050.000 Series A equipment trusts dated Juno 1 1914, duo $106,000 June 1
yearly 1915 to 1923 and $96,000 June 1 1924. V. 99, p. 1673, 1130.

FEE., 1915.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, atc., see notes on first Pagel

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate

When
Payable

79
Last Dividend' Places Where Interest and
Dividends are Payable
and Maturity

9

Louisv Fiend & St Louis-lst M $2,500.000 gold_ _(1.z
182 1896
$ 500 $ 2.500.000
Rir of Amer. NY:& Louis
g J
J July 1 1946
Set A equip notes due $30,000 yrly (V 95. p 1472)-x
1912
1.000
240.000
4% M& S Sept 1915-22
71 13way, & Louisville
Louisville & Jeff Bridge-65.000,000 g itu p & I ___xc•
1895
1,000 4,500.000
4g
J
M
P Morgan & Co. N Y
S
IiiCh
1945
1
Louisville & Nashville-Stock $72.000,000
100 72,000.000 See text F
A Feb 10 1915 214 71 Broadway, New York
E 1-1 dc N 1st M Rend to Nash g drawn 110__Ce.xc•
155 1879
1,000
750.000
do
do
6g J &D Dec 1 1919
Louisville & Nashv gen M gold drawn 110__Ce.xc*
803 1880
1.000 d3.551.000
J &D June 1 1930
6
do
do
L C & Lex gen mtge gold (V 63, p 1010)
176 1881
(Lac*
1,000 3,258.000
do
414 g M& N Nov 1 1931
do
Pensacola Div 1st 61 gold (drawn at 105)_ _F.ze•
45 1880
1,000
e202,000
M
6g
do
S Mch 1 1920
do
New On & Mob Div 1st M NO to Mobile g_Fax*
141 1880
1.000 b3.551.000
6g .1 &J Jan 1 1930
do
do
Second mortgage gold
141 1880
xc•
1.000 1.000.000
6g J
do
J Jan 1 1930
do
Southeastern & St Louts Div first mtge gold_ xc•
208 1881
1.000 3,500.000
6g
M
S Mch 1 1921
do
do
Second id gold East St Louls to Evansv & br_xc•
208 1881
1.000 52.997.000
3g It
S Mch 1 1980
do
do
First M (50-year 5s) $15.000 per mile gold_ _Us.xc•
202 1887
1,000 /1.749.000
5g
M
do
N May 1 1937
do
First mtge collateral trust ($'7,000.000) gold_ _F.ze•
1888
1.000 g4.705,000
fig MScN Nov 1 1931
do
do
Unified mortgage for $75,000,000 g_Ce.xe&r* Telt- 1890 1,000 &c h64.771.000
4g J 551 July 1 1940
do
do
St Louis property first mtge gold $650,000- _SSt.xc
1891
1.000
617,000
fig If
S Itch 1 1916
St Louts Tr Co, St Louis
Mobile & Montgomery joint 11.1 $5,000,000 g__Ce.xc
179 1895
1.000 4.000,000
414 g Id
S Sept 1 1945
71 Broadway, New York
Pen & At first mortgage gold drawn assumed_ xc•
160 1881
1,000 1.584.000
F
6
A Aug 1 1921
do
do
Henderson Bridge Co 1st M gold drawn 105_Ceac•
10 1881
1.000
942.000
Nf
6g
S Sept 1 1931
do
do
Nail's, Fier & Shell 1st M g assumed In 1900_Ce.ze
105 1887
1,000 1.996.000
5g FSSA Aug 1 1937
do
do
Paducah & Mem Div 1st M $5,000.000 gold.. Ba.xc•
254 1896
1,000 r4.619.000
4g
F
A
Feb
I
do
1946
do
Sou & Nor Ala 1st M(V 97,p 1204, 1426)g guCe.xc*
202 1886
1.000 t9.292.000
fig F
A Aug 1 1936
do
do
Gen cons M $25,000,000 g guar____ Us.xc*&r*
202 1913 1,000 &c 7,400.000
fig A
0 Oct 1 1963
do
do
Newp & CM fir 1st Mgsf assum gu by Penn Co_F.x
1895
1.000 1,376.000
g
414
J
J July 1 1945
do
do
L & N-So j't M $7.750,000 red 105 since'07-(Lac* &r
1902 1.000 &c n5.882.500
4g
July 1 1952
J P Morgan & Co, N Y
Lexington & Eastern 1st M $20,000.000
1915
1,000 7,500.000
fig A &O Apr 1 1965
Kentucky Central 1st M ($7,00(.000) gold_ _Mp.zc•
247 1887
1,000 /6.704.000
4g J &J July 1 1987
71 Broadway, New York
Atlanta Knoxville & Northern first mtge gold_Ce.x
228 1896
1.000
999,000
fig J &D Dec 1 1946
do
do
Atl Knoxy & Nor consol M gold $10,000 p m_Us.x
228 1902
1.000
500.000
4g If
Melt
S
1
2002
do
do
L & N-Atl K &C Div M $50.000,000__Us.xe&r•
870 1905 1,000 doc u24 745,000
4g M
N May 1 1955
do
do
L & N Term M $3,000,000 gold guar jointly _lia.xc•
1.000 2.500,000
1902
4g J &D Dec 1 1952
do
do
Equipt certs g ser A due $325,000 s-a
FL.xc*
1913
1.000 5,525.000
fig J &D June'l5-Jun '23
do
do
Louisville New Albany & Chicago-See Chicago India napoli S & Lo ulsville.
Lykens Valley-Stock-Rental pays 4%
19
20
600.000
1551 Jan 2 1915 2% Office, 13 William St NY
4
Macon & Birmingham-First M $500,000 g ___OB.xc
97 i§fle
1,000
500,000
fig J &J July 1 1946
No coupons ever paid
Macon Dublin & Say-1st M $1.840,000 g gu _ __N.xc•
93 1907
1.000 1.505.000
J &J Jan 1 1947
New York Trust Co, N Y
Addit'l owned by Co J'Iy'14, viz.: b$15.000 d $15.000 e3.000 I$15,000 g$424 ,000 h$710 0005g
000
i$38.
.500
n$15
r$217,000
t
$708.000 ti$772.000.
Mahoning Coal RR-Stock
71
50 1.500,000 See text. F & A Feb 1 '15 10% Grand Cent Term, N Y
Preferred stock (see text)
71
50
661,36
J & J Jan 1 '15 2)4% Union Trust Co. N Y
5
First M Youngs to And 40c guar p & I (end)__ Un.gc
68 ig§i
1,000 1,500.000
5
J &J July 1 1934
do
do
The unified mortgage is limited to the amount now outstanding. Bonds
are subject to call at 110 In whole or in part on any interest day. V. 68.
p.618. Mtges. on real estate. $2,005,918. V. 76. p. 266,• V. 85. p. 160.
In Nov. 1909 authority was given to issue not over $16.500,000 10-year
4% debentures, of which a portion to be issued to reimburse the Pennsylvania RR. for advances aggregating $6.062.952 on account of various Improvements during 1905 to 1908, the remainder to cover additional Improvements. V. 89, P. 529, 1411; V. 90. p. 698. 1040; V. 93. p. 1022.
GUARANTIES.-In addition to guaranteed bonds in table above, guarantees 5% on 6650,000 New York Brooklyn & Manhattan Beach pref. stock
as part rental; also 414% on $50,000 P. P. & So. Br. stock and 434% on
$82,500 of the New York & Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and interest, an authorized issue of $10.000,000 414% 40-year collat. trust bonds of
the Long Island Consolidated Electrical Companies, a holding company, all
of whose stock is owned, for the trolley lines owned and controlled. See
V.82. p. 100.864; V.84, p.865: V.86, p.1157. No bds,sold to Dec.31 1912.
EARNINGS.-12 mos.,f 1914
Gross, 613,220,334; net, $3,318,434
Jan. 1 to Dec. 31.
11913
Gross, 13,083,925; net, 2,751,969
REPORT.-Report for calendar year 1913 was in V. 98, p. 1240.
1913.
1912.
1911.
1910.
Operating revenue
$12,204,738 $11,186.656 610,517.751 $9.779,116
Net (after taxes)_____
2,692,220
3,016,520
2,701,858
2,556 543
1913.
1912.
1913.
191.
Deduc.(cond.)
$
$
Oper. income_ -2,691220 3,04,520 Joint facilities__ 415,807 362,625
Rents, &c
359,635 365,864 Miscell. rents_.- 293,663 294,503
Unfund'd secure.
Bond interest.. 2,455.257 2,465.040
and accounts_ 370,681 443.814 Other interest_ 434,380 283,414
Miscellaneous __
33,756
33,874
Gross income_3,422.537 3,826,198
DeductTotal deduc_4.400.522 4,108,888
Lease other eds. 674,887 605,636 Balance. deficit_ 977,985
282,690
Hire of equip. __ 92,812
63,796
Pres.. Ralph Peters; Treas.. James F. Fahnestock, Broad
St Station
phtladelphia.-(V. 99, p. 1130, 1673; V. 100,
p. 308. 398.)
LORAIN ASHLAND & SOUTHERN
from Lorain to
Custaioga, 67 miles, completed Oct. 1 1914. RY.-Owns
V. 99, p. 538. Stock authorized. $4,500.000; outstanding. $1.800.000: par.
6100.
BONDS.-Of the first 58 of 1913 ($2,000,000 auth.). the
$1,500,000
underwritten by F. J. Lisman & CO. to complete the
road, are
on the entire property; the $500,000 unissued are reserved for a first lien
terminals.
equipment. &c., when earnings are 14 times the interest on the
bonds
already outstanding and the Ohio P.S. Commission approve. V.96.p.1297.
OFFICERS.-Pree., Joseph Ramsey Jr.; V.-Pres.. T. D. Rhodes.
30
Broad St., N. Y.-(V.96. p. 1297, 1423; V. 99, p. 538.)
LORAIN & WEST VIRGIN IA RY.-Wellington to Lorain,O..30 miles,
with branches,5 m. Stock. $2,000,000. all outstanding; par. $100. Dividend 1913-14, 1.6%. Formerly controlled by Wheeling & Lake
Erie, but
control relinquished in Oct. 1908, guaranty of bonds being canceled. Operated in July 1914 by receiver of Wh.& L.E. under an operating contract.
Bonds, $2,000,000 authorized. Citizens' Savings & Trust Co. of Cleveland, trustee. For year ending June 30 1914. gross. 6327,437: net, 6225,583: taxes, &c., $163,706; divs. (1.6%). $32,000; bal., sur., $29,877. In
1912-13. gross, $245,017; net,6166.021; other income,$299. Pres.. H. W.
Seaman: Sec., W. M. Baldwin; Treas., J. R. Nutt.-(V. 87, p. 1160.)
LOUISIANA & ARKANSAS RY.-Owns from Hope, Ark.. to Tioga,
La., 192.89 miles; Packton to Wildsville Jct., La.. 53.32 m.; Minden. La..
to Shreveport, 27.15 m.; trackage. Tioga to Alexandria, La., 7.33 miles,
trackage near Shreveport, La., 2.01 miles; total, 278.72 miles. Also extension from Wildsville Jct., La.,to Natchez. Miss.,25 m.,under construction.
V. 07. p.(,66_,* V. 93. p. 1726. Rock Island Co. uses 36 miles, Packton. La..
to Pineville, La., under trackage contract, and St. Louis
Southwest.
ger trains the Shreveport terminals under a 25-year lease. V. 93, passenp. 527.
DIVIDEND.-1906 to 1909. 3% yearly; 1910 and 1911. 214% yearly.
BONDS.-The unissued first 58 (total limited to 67.000,000) are reserved
for betterments, equipment and extensions, of which $1,000,000
reserved
for bridges across Black and Red rivers, and the
balance limited to $20.000
per mile of completed railroad. The entire amount
outstanding, but no
Dart, Is subieet to redemption at 110 and interest on
interest date
Beginning with Sept. 1907 a sinking fund of $55,000 per any
and from
Dec. 1913 (first payment Dec. 2 1913) $20,000 additional annum
to buy bonds. if
possible, at 110 and interest, or under; otherwise,
to be invested.
EARNINGS.-For 6 months ending Dec. 31:
Six MonthsGross.
Net.
Charges.
Bal.,Sur.
1914
6868,659
$261,395
$167,632
$93,763
1913
874,175
296,569
173.529
123.040
REPORT.-For year ending June 30 1014 In V. t9, p. 1293
Gross.
YearNet.
Other Inc. Charges,&c.
Balance.
1913-14-.31,700.208
$495,089
$41,663
$337,276
$199,476
1912-13---- 1,673.459
563.506
43.830
328.037
279.299
Pres., Wm. Buchanan, Texarkana, Ark.-(V. 99, p. 1293.)
LOUISIANA & NORTH WEST RR.-Owns Magnolia, Ark.,to Natchitoches, La., 115 m.: trackage, Magnolia to McNeil, 6.4 m. On Aug.22
1913 Geo. W. Hunter was appointed receiver. V. 97, p. 521, 595.
Stock out, $2.300.000; par, $100. Of 1st 55 of 1905 (510.000,000 auth.
Issue). $150,000 is reserved to retire the old bonds. V. 82. p. 628: V 85.
p. 1462. For Year ending June 30 1914, gross. 6308,460; oper. def., $30.929; int., taxes, &c., $184,873: bal., def., $215,803. In 1912-13, gross,
$331,128; net, $63,188. Pres. & Treas., Geo. W. Hunter, St. Louis; Sec.,
John A. Richardson, Homer, La.-(V. 97, p. 521, 595.)
LOUISIANA R Y. & NAVIOA rioN CO.-Owns New Orleans to Shreveport. La., 305.6 m.; Colfax to Winfield, 28 m.; Pineville to Ems, 8)4 m.;
Meneelys to end of track, 2.84 m. Stock auth.. $12,000,000; outstanding
June 30 1914. $8.131,000; Par. $100. First M. bonds (see table above) are

limited to 517,500.000 total issue and $23000 per mile; 5300.000 has also
been issued for a bridge over the Red River at
$4,000,000 was
reserved for New Orleans terminals. or which Alexandria;
$2,414,000 Issued to Sept.
1913. See V.77,p.36,769. Bonds held by Pres. Edenborn to whom
overdue interest is due. Decision, V. 95, p. 544. Car trusts outstanding,
Sept. 15 1914. none; loans and bills payable, $55,000.
EARNINGS.-6 mos.,f1914
Gross, $999,497; net. $227,106
July 1 to Dec. 31.
11913
Gross, 1,030,946; net,
For year ending June 30 1914, gross, $1,971.718; net, $426,118221,520
other
Income, $13,120; charges, $734,122; bal., def., $294,883.
Pres., Wm.Edenborn, Hibernia Bldg., New Orleans; V.P., H.B. Helm,
and Tress..G.0.Lilley.Shreveport. La.;Sec., J.J.Tippin.-(V.99.p.1748
.)
LOUISIANA SOUTHERN RY.-Owns New Orleans, La., to Pointe-a-laFIache, La., 45* miles, Incl. extension from Belair to Bohemia, 22 m..
opened June 1912; Poydrasto Shell Beach, 16 m.: total, 67 miles. Steam
for freight and gasoline motor cars for passenger service. Leased to St.
Louis & San Francisco from Feb.1 1911 to Feb.1 1923 for account of owners
under division of net earnings, with no obligation whatever by the St. L.
& S. F. A reorganization in 1897. In Jan. 1901 the United Railway &
Trading Co. of England acquired over 95% of the stock and bonds, that
company also owning the Kenilworth Sugar Estates. 10.000 acres. V. 76.
p. 706. Stock. $300,000: par. 8100. Dividends In 1900-01. 7%; 1901-02.
7)4%:l905-06, 4)4%. Year ending June 30 1914. gross, $147.020; net,
$21,938. In 1912-13, gross. $131,324; net, $25,359. Pres., E. A. Hopkins
(v,.N
95
e.
wpyo
6r1k
8;
.)Sec., S. Gibbs, London, Eng. Office, New Orleans, La.
LOUISIANA WESTERN RR.-(see map et Southern Pacific).-Owns
from Lafayette, La., to Sabine River. 105 miles: Abbeville to Mamou.68 m.;
Mallard Jct. to Lake Arthur. 34 m.: total. 207 miles. Operated independently. Southern Pacific owns all the $3,360,000 stock. Dividend on
stock in 1905-06 and 1906-07. 10% yearly; in 1907-08. 85%; in 1908-09.
20%; 1909-10 and 1910-11, 15%; 1911-12, 10%; 1912-13, 10%; 1913-14.
10%. In 1913-14, gross. 62,348,788: net income. $736,497; surplus
charges, $481,055. In 1912-13, gross, $2,341,138.-(V. 74. p. 268.) after
LOUISVILLE BRIDGE CO.-Owns bridge 5,294 feet long over Ohio
River at Louisville. Ky.. and about 3 miles track In Louisville.
Used by
P. C.C.& St. Louis Ry., &c. Penn. Co. Jan. 1914 owned
Divs. since 1902:1903, 13%(V. 79. p.2747: V. 78. p. 102); 6902.000 stock.
1905,
6%: 1906.7%: 1907,81:%1908. 167o; 1909 to 1914.8%; 1904.4%;
Jan.,4%.
For calendar year 1913. gross, $216,870; net. $152,238;1915.
other income.
$1.468; dividends (8%). $120,000; bal., sur.. $33.707.-(V. 99, p.
1832.)
LOUISVILLE HENDERSON & ST. LOUIS RY.-ROAD.-Loulsville
to Henderson. Ky.. 144 miles (including
6 miles trackage): Irvington to
vordsvitle. Ky.. 44 miles: L. & N. trackage,
Ky., to Evansville, Ind., 12 miles: total, 200 miles. Louisv.Henderson,
& Nashv. on June 30 1914
owned $1.452.591 of the $2,000,000 5% non-cum.
pref.
and
$1.721.871 of
the $2,000,000 com. stock (par
a majority of the pref. deposited
with Bankers Trust Co. having in$100);
March 1913
the offer of $38 per
sh. for their stock. V.81.p. 1100; V.94,p.207; accepted
V.95,p. 1274; V. 96,12.. 653.
EARNINGS.-6 mos..11914
Gross, $730,967; net, $181,580
July 1 to Dec. 31.
1913Gross, 710,305; net, 195,182
Report for year ending June 30 1914. in V. 99, D. 1669.
showed: Gross,
$1.371,798; net income, $313,721; charges, $231,946:
Pres., R'. N. Hudson.-(V. 99, p. 1300. 1669; V. 100. bal., sur., $81,7'76.
p. 55. 308.)
LOUISVILLE & J EFFER SON V I LLE BR[DOE
-One-half mile long/
approaches 1 mile; 40 acres in Louisville and aboutCO.
60
In Jeffersonville.
Stock, 81.425.000; mtge. is for $5,000,000; bonds for acres
are reserved
for future construction, &c.; the bonds are guaranteed$500.000
jointly and severally
by the Chesapeake & Ohlo and Cleveland Cincinnati
Chicago & St. Louis, in
whose Interest the stock is owned; any deficit on account
of the bridge is
payable by them In the proportion of one-third and
two-thirds respectively;
see V. 60. p 130: V. 61. p. 327, 659: V. 62. p. 84.-(V.
89. p. 529.)
LOUISVILLE & NASHVILLE RR.- See Map.)
-ROAD.-Operates
main line. Cincinnati, 0., to New Orleans,
La. 921 m.: branches to St.
Louis, Memphis, &c., 4,019 m.: total,
June 30 '
1914. 4,940 miles, viz.:
Lines owned absolutely or through
Lines leased, de.cipital stockMiles. t
lines
Louis lle to Nashville
181 Operated
vi
ated for other companies 111i1
Sundry other lines
258
10.
4,381
Reporting Separately (Making 7,507 M
les
Owned
and
Associated
July 1 1914.)
Nashville Chatt. & St. Louis____926
Other lines
1
*Georgia Railroad System
Owned but leased to other cos__ 21
*Louisville Rend. & St. Louis_ 571
182
do
Paducah & Mem. Div_248
*Chic. Indianapolis & Louisville
618
See separate statements for these
companies.
In Nov. 1911 acquired control
jointly with the St. Louis & San Francisco
of the New Orleans Mobile
& Chicago RR.,402m. See that Co. below.
In 1910-11 acquired practically
all the securities of the Lexington &
ern Ry.. Lexington to
East**
,
miles, and extended the road
to McRoberts, 101 miles. V.
91,
Quicksand,
p. 1447:
. V. 92, p. 1701; V.97. p. 1029.
See Bonds below.
bani
Th
ae n
stR
ockh
.. 1o
913
ders
miiv
ee
s t dvGc
e
t97..1p1
.9
63 1richase the South & North Ala7123
9.2
Control bit Atlantic Coast Line.
-Late in 1902 the Atlantic Coast Line RR.
acquired $30,600,000 of the (then)
$60,000.000 stock and owns $36,720,000
t7
h4
e ppr.
esAnot.61703
2,8
000
;,
v0
.
0y5s
.to
pcic
. 3b3u
.t1t3h9e9roads are 0Perated independently.
V.
No
SvT0
7C1K
91
.2-alltl2
p.a
010
.0.00
v0
. 9n5e
.wp.sto
uc4k 9
n
w6ai
err to stockholders of record
s.oliT
09
4'10 to '14. 1915.
904.'
5
'00
15
4.'
5
01y-;0
i y4.
Since
piVIS
8.3{
9 .9
N4o-'9
ne8. '3994
7 y'ly Feb 2%
Also in Feb. 10081%
in Louisville Property Co.stock. V.86. p.229.421.
BONDS.-Et,.Bend. & Nash.6s are drawn at 110 annually In amounts increasing each 5 yrs. until $150,000 per year is reached: 1914. $110.000.
Pensacola Die, bonds are now called 520.000 Yearly. V. 81. p. 265. 726*
The general mortgage bonds of 1880 are called at 110 in Increasing amounts
each year; $587.000 were paid June 1 1914. V. 98, P. 999.
.

80

RAILWAY STOCKS AND BONDS

[Vol.. 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Dividends are Payable
Payable and Maturity
%
Road Bonds Value Outstanding
[For abbreviations, &c.. see notes on first page.]
Portland, Me
1
Office,
Jan
1915
134
-J
Q
1914
in
6
100 $24,907,467
($25,000.000)
American Trust, Boston
J & D June 1 1923
Maine Central-Stock and scrlpDesert
5
662,000
1,000
41 1883
Branch_AB.zc
N Y, Boston & Portland
July
J
191647
Collateral trust bonds for Mt
&
J
H
4
450,000
1,000
'86-'87
-__
z
a f_ •
do
do
!rapt bonds"A" is "B" not mtg
4 g J & J Jan 1 1933
1,000 1,000,000
56 1893
Boston and Portland
Maine Central Eur & No Am refunding mtge gold_z
5g M & N May 1 1919
1914 1,000 &c 6,000.000
Portland
N
&
Y.
Boston
1920
1
Aug
A
&
Notes $6.000,000 gold red 102HRR Co assumed _ z
F
4
1,300,000
1.000
48 1890
do
do
F & A Feb 1 1921
First M Penobscot Shore Line
5
400.000
1,000
48 1891
BBz
N Y, Boston & Portland
K & L 2d M (for $400,000) assumed
1,000 2,500,000
334 g J & J Jan 1 1954
139 1904
Nat
1917
Shaw
1
Bank,
Boston
July
Washington County 1st M per mile g gu red_Ce.ze
J
&
J
5
225,000
500 &c
zc
42 1837
do
do
Somerset By first mortgage
4 g J & J2 July 2 1950
172.500
500 &c
42 1900
z
Amer Trust Co. Boston
Consolidated mortgage $420,000 gold
1955
1
July
3
&
3
g
4
864,000
1,000
1905
94
First and refunding mtge $1,500,000 gold _ _ABz
Guaranteed IssuesA & 0 Oct 15 1914 234 Trees office, Bangor, Me
5
100 2,494,100
126 ____
European & Nor Am stk 5% rental 999 years_.
Q-F 28 Feb 28 '15 H% Maine Cent Off, Portland
2
100 4.392.538
110
N V. Boston is Portland
Portland & Ogdensburg stock(2% rental 999 Yrs)-z
434 M is N Nov 1 1928
1,000 2.119,000
110 i§og
1st M guar prin & int end (V 86. p 1285)
J & J Jan 1 '15234% Office, Dover, Me
5
122,000
17 ____
100
Boa Safe Dep & Tr Co
Dexter & Piscataquis stock 5% rental 999 years__
1929
1
July
J
&
J
4
175,000
1,000
17 1889
First M Dexter to Foxcroft ecc guar by end__BBz
M & N Nov 1914 2% Trees office, Portland
4
800,000
100
53 _-N Y, Boston & Portland
Hereford By stock (rental 999 years)
M & N May 1 1930
4
800.000
1,000
53 1890
Office, Portland, Me
First mortgage guar prin and int (endorsed)_ _ _z
& N Nov 19143%
11
6
350,000
100
55 ___
N Y. Boston & Portland
Upper Coos RR stock 6% rental 999 years
M & N May 1 1930
434
&
4
1.043.000
&e
55
500
1890
1.z
&
p
guar
1st M and Exten M (11693,000 455s)
J & J Jan 1915 2H% Treasurer's office, P'tl'd
5
122,000
100
14 ____
N Y. Boston is Portland
Dexter & Newport stock 5%
1917
1
Sept
S
is
M
4
175,000
1.000
14 1897
First II (old 6s refunded in 1897)guar p &I end zc•
434 111 is N Nov 1914 234% Office, Rockland, Me
200,000
19100
1928
1
East Maine stk 434% rental 999 years
(Me) Nat Bank
Portland
Feb
A
&
F
4
837,000
1,000
101 loo§
x
Sandy Riv is It L 1st M red par Imp 1913
J is J July 27-Jan 29 Fidelity Tr Co, Portland
4
300.000
1.000
--- '87-'89
do
do
Portland Union RySte series "A"& 'B"(text)-s tz
1961
1
July
J
&
J
g
4
4,500.000
__- 1911 1.000 &c
Portland Term new M $10.000,000 g gu xc*&r (text)
Old Colony Tr Co, Dos
Portland & Rumford Falls RR-See that company
g A & 0 April 1 1919
5
1,000
12,064,000
1914
_
-par
red
gold
Maine Railways-Notes $12,202,000
M & N Nov 1 19145% Manchester, New Ramp
10
100 1,000.000
22 -_Bost & Me RR, Boston
Manchester is Lawrence-Stk 10% rent till '37 B &il
3 & J Jan 1 1922
4
274,000
1,000
___ 1892
Plain bonds (not mtge) Int guar by B & 111 ___ _zc
Q-.T Jan 1 1915 1 h 165 Broadway, N Y
7
60.000.000
100
___
37
Trust Co, N Y
Equit
1916
Manhattan (Elevated) Ry. N Y-Stock $60.000,000...
1
Mch
S
&
M
5
1,000 1,000,000
32 1U6
do
do
N Y Elev debentures secured by cons M of 1890 _z
4 g A is 0 Apr 1 1990
37 1890 1,000 &c 39,777,000
Manhattan Elev cons (now 1st) mtge gold_Ce.ac•&r
4
text
See
____
_____
___
ecc
London.
Y,
N
Second mortgage to be $5.409,000 (see text)____
1939
1
May
N
&
3,1
4g
_ 1909 1.000&c 8,985,000
New York and London
Manila-lst M Sou Lines g int gu s f red 110F_ _ xc*&r•
J & J Jan 1 1956
6
See text
-__ 1907
do
do
1st 3.1 on "Nor Lines" (2d on Son)$7,500,000 au _Ce
A & 0 Apr 1 1956
7
See text
-__ 1907
Detroit
1934
1
2d Mon "Nor Lines"(3d on Sou) $12,500.000 au N
Aug
S
1.000 1.100,000 Up to 4 M &
68 1909
N 11 & Grand Rapids
1916-1939
Manistique & Lake Sup-Inc M 4% n-c $1.300,000 _z
Jan
J
&
J
g
5
1.292.000
1,000
1909
165
NPVJ York and Chloarn
A. (I Om- 1 1095
A
c...,
Manist & NE-lst Ai g due part y'ly red text_CC.xc•
r.nn nnn
1 nnn
n .nno
•
•
- -Portland to Vanceboro, Me., via
road,
of
-Line
RR.
CENTRAL
MAINE
tn June 1890 the "unified" mortgage (trustee, Central Trust Co.) for Augusta.
267 m. (incl. trackage Portland to Falmouth, 7 m.); branches,
$75,000,000 was authorized, $41,917,660 bonds being reserved to retire Royal Jct. to Skowhegan via Lewiston, 91 m.; Bath to Lewiston and Farmfor
Portland and Rumford Falls
all prior Hens (none of the prior liens can be extended), the balance
ington, 78 m.; Oakland to Kineo Sta., 95 m.;
ferry (0.60 m.), 49 m.: Belfast,
improvements, extensions (at the rate of $32,000 per mile, including equipSystem, 102 m.; Bath to Rockland, incl.
Mt. Desert, incl. ferry (7.7 m.),
ment), and for other purposes. The mortgage covers (besides 1,994 miles
and
Bucksport
Foacroft,
Harmony,
Portland to St. Johnsbury, Vt.,138
of road and equipment), $26,473,606 stock of companies controlled and
m.• Washington County. 139 m.;Yd.
to St. Johnsbury Sta., Vt.; also
East
$3,150.000 bonds free from any lien. See abstract of mortgage in V. 51. 150
of $64,953,- m. (Incl. 0.11 m. trackage from
Sta. to Windham Line, Me.,
Union
p.613: also V.72.p. 1034, 1188: V.77. p.968. In July 1914,
Portland
from
m.
8.27
trackage of
funds.
sinking
in
$17,000
and
treasury
in
was
m.; total, 1,217 m., of which
108
$165,000
Q..
P.
000 outstanding,
Quebec Jct., N. H.,to Lime Ridge,
18 for
leases and practically owned,
year
Mobile & Montgomery-Louisville & Nashville joint mortgage
999
under
operated
497
owned,
644
p 196, 750.
7 trackage and 8 ferry.
lease,
1-year
under
28
$5,000,000; $1,000.000 reserved for Improvements. V. 61.
lease.
-year
Alabama 33 m. under 50
is Moosehead RR.
Kentucky Central mtge. abstract. V. 45, p. 372. South &INorth
Somerset Ry., Washington County By.and Sebasticook
owned.
1565; V. 93, p. 45.
725,
p.
92,
Improvement 5s. due Aug. 1 1936. $1.920.000 authorized, are
V.
1911.
1
July
Co.
in
merged
were
and Int..
River
is
Sandy
of
Rangeley Lakes
stock
entire
Louisville & Nashville Terminal U.-Jointly guaranteed, prin.
purchased
In Aug. 1911
1313.
from Farmington to Marbles, Me.,
by L. is N. and Nashv. Chatt. & St. L. See form. V. 88. p.acquired
RR., a 2-ft. gauge road extending
miles.
with
a total of
branches.
30
Me.
Bigelow,
In 1902 the Louisville is Nashville and the Southern By. common $9,to
Strong
and
and 47 miles.
. 94. p. 698. In Oct. 1912 acquired
940; V.
796,900 of the $10,500,000 Chic. Indianapolis & Loulsv.
for their joint 50-year 106 miles. V. 93. p. 408,is589.
Saco River RR.; a 2-ft. gauge road, Harrison
$3.873,400 of the $5,000,000 pref. stock in exchange
Bridgeton
of
stock
entire
joint
bonds
$15,500,000
miles. V. 05, p. 176.
4% bonds. V.74. p. 1138; V. 76, p. 593. Of the reserved
to acquire re- to Bridgton Jet., Me., 21 1914
authorized purchase of Rangeley Lakes &
secured by deposit of this stock, $1,563,000 are
Stockholders on Oct. 21
yearly.
maining "Monon" stock and $2.110.000 for impts.,&c., 3500.000authorized)
1202.
p.
95,
V.
RR.
Megantic
The Atlanta Knoxville is Cincinnati division 4s ($50,000,000
be reserved to retire
STOCK.-In 1913 shareholders subscribed at par for $9,774,141 new
cover 870 miles. Of the bonds, an equal amount will
Central 4s. $6,742,000: stock. V.96, p. 136. In Feb. 1915 authority was asked to issue $10,000.at maturity underlying bonds, viz.: Kentucky
line from Livingston to 000 5% non-voting pref. stock with a view. it was stated, of replacing that
Atlanta Knoxv. & North. bonds, $1,500,000. The
below.
V. 80. p. 872; V
amount of the stock now held by Maine Rys.-see
Jellico, 61 miles, is subject to prior lien of unified mtge.
Maine
V. 96, p. 716. 1022.
In order to remove the road from foreign control the $15.960,100
84, p. 1428: V. 92. p. 1178. 1311, 1565;general
the Boston is Maine RR. was on April 1
by
auth.
held
($25,000,000
(64%)
5s
RR.
consol.
stock
RR.
Central
Alabama
North
&
South
the
Of
owned
by the
is
whose
stock
of
(all
Cos.
&
for
L.
Rys.
N.,
the
Maine
by
the
int.,
&
prin.
by
guar.,
purchased
sold,
1914
issue), $7,400,000 have been
2d M. bonds. Maine Central and may be liquidated by its trustees. V. 98. p. 912, 1071,
double-trucking, impts., &c., and retirement of $1,920,000 1886;
19 below.
BONDS
and
remainCompany
See
of
that
55
642.
1st
100,0.
the
V.
retire
.
to
965:
p.
99,
reserved
are
V.
1244:
$10,000,000
bonds,
the
Of
1001.
0j '3.'04-'06. '07. '08-'10. '11. '12.-14.
DIVS.der for improvements, equipment, &c. V. 98. p. 454, 156.
By.5% Since 1902 (%)1 631 7 y'ly. 731 8 y'ly. 734 6 yrly.
134.
In Feb. 1915 $7.500,000 1st M.5% of the Lexington & Eastern
issue
(auth.
N.
&
L.
the
by
int.,
and
prin.
guaranteed,
sold,
bonds were
BONDS.-There are also $88,000 Maine Shore Line 65 assumed. due 1923.
$20,000,000). See above and "Chronicle" Feb. 27 1915.
Belfast is Moosehead Lake mtge.4s(not tax-exempt) due 1920.
$48,000
also
As to equipment series "A" 5%s, see V. 96, p. 1298.
not guaranteed, int, and sk. fd. paid out of rental; And. is Ken, stock
FINANCES.-In Feb. 1915 the dividend rate was reduced from 7 to 5%; bonds, $11,000, exchangeable for M.C.stock; the A. is K.stock bonds are
owned).
($11,484,100
fly.
stock
Louis
St.
&
Chattanooga
also on Nashv.
included In the above outstanding stock. V. 95, p. 1332.
In March 1913 sold $4,500,000 Atlanta Knoxville & Cincinnati Div.4s.
The consol. 50-year refunding mtge. was cancelled in May 1914, no bonds
and $4.000,000 unified 45, and in May 1913 $6,500,000 5% equipt. certs. having been issued thereunder. V. 98, p. 912.
Bonded debt per mile May 1912. $31.553; stock, $12,373. V. 92, p. 1565.
In May 1914 sold $6,000,000 5% 5-year notes to purchase the $3,000,000
Maine Rys. Cos. stock-see above-retire $2,000,000 notes due Apr. 1 1914
Gross, $26,844,279; net, $6,534,606 and
EARNINGS.-6 mos., 1914
provide for improvements. No new mtge. shall be made so long as
Gross, 31,734,324; net, 8,603,828 the notes
July 1 to Dec. 31.
11913
are outstanding without incl. them thereunder. V. 98, p. 1244.
Guar. bonds of Portland Term. Co.,see that company.
REPORT.-Report for 1913-14 in V.99, 9.1046,1135; see also p.1099.
Gross, $5,910,393; net, $1,689,960
EARNINGS.-6 mos., 11914
1912.
1914.
1913.
Year ending June 30Gross, 6,151,670: net, 1,589,927
11913
July Ito Dec. 31.
4.710
4,937
4.819
Average mileage
Freight earnings
$42.868,078 $42,924,952 $40,601,288
ANNUAL REPORT.-Report for 1913-14 was in V. 99. P. 965.
191243.
1913-14.
1912-13. Year ending
13,082,509 12,835.658 12,227.934 Year ending
Passenger earnings
1913-14.
June 30Mail, express, &c
3.705.089
3,382.566
3,732,191
t
June 301,010,277
1,491,797
Gross earnings11,685,968 11,331,406 Divs.(6%)--_
Gross earnings
$59,682,778 $59,565,699 $56,211.788 In
Net
teserinfome__ 2,965.475 2,782,255 Hire of equip_
20,435
21,345
333,970 Sinking fund_
362,549
Operating expenses
44,782.708 44,810,880 39,626,327
181.733
1,233,520 1,127,574 Int, and discRents,&c
Net earnings
$16,585.461
$14,654,819
1114,900,070
108.266
def143,736
Net, including investments, &c
$17,738,165 $17,722.351 819,371,284
Balance, surplus
p. I215.-(V. 100, p. 642.)
1,854.684
Taxes
1.761,626
2,600,288
Pres., Morris McDonald. Directors, V. 99,
Central
Maine
$15,779,700
-Owns
7,066.198
7.401.602
7,936,692
Interest and rent
MAINE RAILWAYS COMPANIES.
639.581 RR.
by Boa, is Maine RR., but purchased at
229,543 Cr109,937
Advances to S. & N. A., &c
stock (63%) formerly hold
place
it in
and
control
foreign
from
road
250,049
the
268,761
292,755
remove
fund
payments
Sinking
on Apr. 1 '14 to
0. Bancroft, Morris McDonald and Harry M.
4,200,000 9531
4.618,733
5,040,000
Dividends (7%)
hands of trustees (Charles
gave in payment $12,202,000 5-year 5%
Railways
Maine
The
Verrill).
Surplus over dividends
$1,638,886 $3,761,565 $5.360.772 gold notes secured by deposit of the Maine Central stock to the Fidelity
Portland, Me., as trustee, and its $3,000,000 stock, which
OFFICERS.-Chairman, Henry Walters, N. Y.; Pres., M. H. Smith, Trust Co. of by the Maine Central RR. Of the bonds, $5,000,000 are
Louisville; 1st V.-P., W. L. Mapother; 2d V.-P., Wm. J. Dickinson. 71 was purchased
stock, for S, until Oct. 11918. V. 100, p.642.
cony. into Maine Central
Broadway, N. Y.-(V.99, p. 1673, 1832, 1910; V. 100, p. 140, 229.)
stock will go to the trustees,any surplus
Dividends on the Maine Central
to be used to pay expenses and dividends at not
interest
LYKENS VALLEY RR. is COAL CO.-Owns from Millersburg, Pa., to after payment of
Maine Railways stock and the remainder for
Williamstown. Pa., 20 miles. New lease to Northern Central for 09 years to exceed 5% yearly on the the
notes called to be designated by lot and a
from July 1 1910 provides for annual rental of $24.000 (equal to 4% on the redemption of the notes,
Central stock to be released. The trustees
stock) organization expenses and taxes. V. 92, p. 527. Dividends paid in proportionate part of the Maine
as they see fit, so as to distribute thestock
fast
as
trust
the
liquidate
to
Jan
yearly.
1911
1915, 4%
may
1910. 734%;
ordinary investors and keep control away from adwithin 5 years among
MACON is BIRMINGHAM RY.-Owns Sofkee Jct. to La Grange. Ga.•,
transportation interests. V. 99, p. 674, 969: V. 100, p. 642.
96,87 miles; trackage, Sofkee to Macon, Ga., 8.13 miles. In 1908 a receiver verse
RR.-Owns from Manchester. N. H., to
LAWRENCE
MANCHESTER is
was appointed; now John B. Munson. V. 86. p. 337. In year 1913-14, methgen
(State Line). 2234 miles. Leased for 50 years from Sept. 1 1887 to
ross $156.297: net. $22,245; otherincome, $497; int.,taxes,&c.,$58.927.
div. In Apr. '11 B. is M. received
10%
paying
rental
at
Boston is Maine
rdef.. $36.185.-(V. 86. p. 337; V.91, p.945.)
V. 92,p. 1108. In 1895 a div. of 50% paid
authority to purchase stock.
p. 1264.)
73.
sult.-(V.
M.
is
C.
of
proceeds
is
RR.
road
-Owns
from Macon to from
SAVANNAH
MACON DUBLIN
all the elevated railroads In
MANHATTAN RY. (ELEVATED).-Owns
Vidalia. Ga., 93 miles. Stock, $3,200,000 auth.• outstanding, $2,040,000
Y. City, main line and branches,
N.
Bronx,
the
Line
By.
and
Air
bonds,
'
guarantees
Seaboard
prin.
and
Manhattan
interest.
boroughs of
(par $100).
third track, sidings
43; V. 84, p. 102, 450. For year ending June 30 1913-14. gross, 37 ti miles. double-tracked. with 4234 miles additional
other income, $1,317: int., rentals, &c., $116.086; &c.; total track. 118 miles; 3d rail electric. The 2d.3d and 9th Ave. lines,
$541.1921 net, 5101.451;
being 3-tracked and
are
1913,
in
March
made
city
gross,
the
net.
$490,225;
1912-13.
Pres.,
In
358.065.
with
under agreement Bronx-see Interborough Rapid Transit Co.
bal., def.. $5,315. Y.; Sec. & Treas., J. R. Frink.-(V. 99,9. 407.)
extended into the
James A. Blair Jr., N.
the road for 999
leases
Co.
Transit
Rapid
Intcrborough
from
LEASE.-The
to Andover, 0., and
7% per annum on the stock. V. 75,
MAHONING COAL RR.-Owns 1907 Youngstown
purchased a one-half interest in years from Nov. 1 1875. guaranteeing
I nterborough
also
791;
V.96.
p.
2456;
p.
79,
V.
branches, 71 miles. In December
212;
RR. in Youngstown, &c.
p. 1202. 1302; V. 76..p.
Guaranty. V. 76. p. 480.
the Lake Erie is Eastern
of gross earnings to Lake Shore (now N.Y
Rapid Transit Co., .76. p. 101.
at
extensions
for
Leased in perpetuity for 40%
issued
be
may
$40,000,000
and
common
$865,900
$399,500 pref.stk'
BONDS.-Consols beyond
Central), which Jan. 1 1914 owned
and 5600,000 per mile of double track. Of the
'06. '07 to '09.'10. '11 '12 '13. '14. 1918 $300,000 per mile of single
V.87,p.285.)
248,
p.
V.51.
mtge.
(See
tax-exempt.
DIVS.- }'92. '93. '94. '95 to
are
yearly 66 70 20 70 60 Feb10 bonds, $11,712.000
8 10 yearly 12 40%
1913 to make a second mortgage to seOn common 8 Si 8 Aug.,
extra.
The stockholders voted Nov. 12
10%; June,
Rapid
In 1914, Feb. and certificates are 5% guaranteed and contain a clause cure not exceeding $5,409,000 4% bonds to be issued to Interborough
for improvements and additions
stock
expenditures
for
preferred
it
The
Transit Co. to reimburse The mortgage will cover the greater part of the
at option of company.
making them redeemable at par
made.
be
to
income,
surplus
and
other
$1,274,481:
made
and
hereafter acquired. V.97. p. 1115. 1504'
Year ending Dec. 31 1913. rental
on pref.. $113.436.-(V.98. p.1767.) property and franchises owned and
over interest and 70% on corn. and 5%

g

FEB., 1915.]

RAILWAY STOCKS AND BONDS

81

N. Vernon
Bedford

PbRr

incenn
Mitchell

0,

L\

GKorgetown
Purtantoutt

Washington
&
t'A
es

def Ibk0
Iluntinb,g
o44

jks, .

1.9U/Svi,
'0-eotri•

4
IRVINGT0h
y JAR OS T.E1C

J E LL CO
EVILlp

C
llainesboro

4

ADO. L.

V/

Babbitt:
,;3
1I.O.
v0 li
Carthage"1"
Monterey
Z•14,,
E
tker
Bon Air
•
HARRIMAN
Rockwood

Dalt n

wEWOK
YLACAUG

AI' OF TUE

LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.

82

RAILWAY STOCKS AND BONDS

[VOL. 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Dividends are Payable
Payable and Maturity
%
Road Bonds Value Outstanding
[For abbreviations. etc.. see notes on first page]
Ry__
Eastern
Algoma
See
In default
5 g 11 & N Nov 1 1940
Manitoulin & North Shore$250,000
$1,000
44 1890
11 $250,000 gold_Colz
Bank of Marion (Va.).
J & J July 1 1922
6
Marietta Columbus & Clev-lst
175,000
500
18 1902
x
Ry-First mortgage
Treasurer's Office, Phlla
5 g F & A Feb 1 1955
Marion & Rye Valley
2,000,000
1,000
1905
x
71
guar
gold
auth
St
Louis Union Trust Co
1931
Jan
1
J
&
J
¢
5
Md Del & Va-lst M $2,000.000
1,000
1,180,000
1911
92
call 102 __SSt.xc•
First Nat Bk. York, Pa
M & S Apr 1 1932
5
Marshall Ec East Texas-lst M gold
202,450
50 &e
40 1882
&Peach Bet 1.1 x
Brown Bros, N Y & Bait
& S Mch 1 1951
g
M
4
Maryland & Pennsylvania-York
897,000
1,000
1901
80
•
105_MeBa.xc
at
do
do
First mortgage $1.200.000 gold call
900.000 See text A & 0 Apr 1 1951
1,000
80 1901
Income mortgage $900,000 4% cum call par__ MeBa
Alex Brown & Sons. Salt
6 g J & J Oct 1 1923
300,000
100 &c
--- 1913
MeBa.xc*
do
do
1
Notes $500.000 gold red 102)1
1936
May
N
&
M
g
5
200,000
1,000
1906
___
Maryland & Pa Ter 1st M $200,000 g gu red 110__xx
J P Morgan & Co. N "I
4 ¢ J & D June 1 1955
1,000 12,000.000
378 1905
Mason City & Ft Dodge-lst M g as Conn & Ce.xc&r
F & A Feb 1 1915. 3% Safe Dep & Tr Co, Bost
6
800,000
100
37 --_Pass--Massawippi-Stock guar same div
Apr
1
0
1937
&
Mercantile Ti' Co, San Fr
A
5
1.200,000
1,000
1907
x
Merch Nat Bk,Meadv Pa
McCloud River-First mortgage $1.200,000
J & 3' July! 1921
5
200,000
1.000
22 1891
Meadville Conneaut Lake & Linesville-First mtge z
'
Miss Vail Ti' Co,St L
1 1943
3
July
az
I
g
6
text
See
&c
-_
1.000
1913
textMSticc*
red
Merc Tr Co. Little Rk,Ar
1
1928-29
Mem Dal&G-ist&refM$3,600.000g103
Jan
J
&
J
g
6
420.000
1,000
-- 1908
begin 1919_x
Hem Paris & Gulf-1st M gold red
Bankers Trust Co, N */
g M & N Nov 1 1959
b
2,500.000
&c
1.000
r*
..„
1913
guar_Ba.xe
g
M
t
Memphis Union Station-1s
UnBk&TCo,Jacks'n,Ten
J & J Jan 1 1943
5
1.000 See text
-__ 1913
Meridian &Memphis RR-lst M $800,000 red 105__
Guaranty Trust Co. N V
4 g M & N May 1 1955
250,000
___ 1905 1,000 &c
gu_ax c•&r
Meridian Terminal-Eirst M $250,000 g-See
Mexico
f
o
Rail
ways
al
Nation
Mexican Central-Mexican International
82
Beaver Street, N 'Y
1919
Aug
&
1
A
g
F
6
b326,000
16 1899
Mexican Mineral-lst 3.1 *500,000 g red 1108 f____Gx
82 Beaver St, N Y
100 3,000.000 See text M & N May 1 '13 134% Office,
oc„
do
do
Mexican or ern
Dec
1
D
1930
&
J
g
6
a708.000
1,000
83
1890
First mtge US gold red 105s text in 1909-13.xc*&r
%
4
,
urrie&Co.Le
'13.13
6
0
Nov
&
Glyn,Mills,C
A
text
See
£10 £2.254,720
-__ ____
do
Mexican Ry Limited-Ordinary share capital stock_
do
A & 0 Nov 6 '13. 4%
text
See
£2,554,100
£10
8%
stock
do
do
First preference
£10 £1.011.960 See text A & 0 Nov 6 '13. 3% See text
Second preference stock 6%
Perpetual
J
&
J
6
£10 £2,000,000
375 ---Perpetual 6% debenture stock
See text
434 A & 0 Dec 1960
£481,400
£100
-__ 1909
2d debens £1.000,000 auth red par since 1912 s f_.
text
--£1,000,000 See text F & A See text
Mexican Southern Ry-Ordinary stock, £1,000,000---F & A See
4
£864,000
-__ 1896
1st M 4% deb stock £1,000,000 red at par 90 yrs
1928
6
See text
1913
Prior lien bonds
Sept 1914 coup deferred
1928
6
£1,671,000
£100
1913
--red
10234
lien
£2.500.000
bonds
rior
West-P
No
Sept '13 coup deferred
Mex
Fc S Mch 1 1959
If
g
5
£5,600.000
£100
1909
1st M gold red text
1st coup Mch 1913
815
&
M
6
to
Up
£750.000
___ 1912 £20 &o
See text
Cony income bds £1,000,000 6% cum red par s to
5
(7)
Y
Equipment gold bonds £480,000
J Jan 29 1915 1% Grand Cent Ternel, NTr
&
J
text
See
c$18738000
$100
Reg at G CT;ep at G
Michigan Central-Stock
334 g M & N May 1 1952
Tr
U
270 1902 1.000 &c 18,000,000
at
cp
CT;
First mortgage $18,000,000 gold
G
(Lie'eer
at
Reg
J & J Jan 1 1940
4
115 1890 1,000 &c 2.600.000
M C Michigan Air Line first mortgage__ _ Un.xcdor
Union Trust Co, N Y
M & S Mch 1 1931
1,0001 4,000,000 j 5
171 1881
MC 1st Mon Detroit & Bay City ($4.000.000)- Un.ze
Grand Central Term. NY
1 5
Q-M Mch 1 1931
1,000 &c
171
do
bonds without coupons_ _ _zr
do
h 59 d non nfIrlftin nnl In fain Ina fnnti
a Exclusive of $31.000 held by fainkIna. hind
Trust Co. SucControlled by interests represented by St. Louis Union
paid as damages to
been
had
To 1898 claims aggregating $8,847,854
My., foreclosed Aug. 4 1908. V. 87, p. 416, 481.
abutting property. In 1907-09 Paid franchise tax 1900 to '08 ($4.876.545)• cessor to Texas Southern
auth.). see
($5.001).000
Stock outstanding. $200,000. let M. 20-year Ea
$217.992; car
1611-12.
1912-13.
REPORT (Year ending June 30- 1913-14.
V. 93, p. 589, 1787. Loans and bills payable June 30 1914,
$15.954,838 $15.689.916 $15,552.484 trusts, $2,750. For year ending June 30 1914, gross. $183,384; net after
Gross operating revenue
7,406,922
In 1912-13. gross.
7,346,103
7,528,843
Net,after taxes
deductions, $1,800; bond int, not paid.
7.458,692 taxes, $39,729;
7,393,547
St. Louis, Mo.; V.-P. &
7,588.556
Gross income
$221,189; net, $7,224. Pres., Albert T. Perkins,
Marshall;
1.657,656
Snyder,
1,665.157
Bryan
1,682,657
Sec.,
Interest and rental paid
Osce Goodwin, Dallas, Tex.;
4.200,000 Asst. Sec.,
4.200.000
4.200.000
Dividends (7%)
Treas., E. Key, Marshall, Tex.-(V.93, p. 1787.)
Pt., Md..
Love
MARYLAND DELAWARE & VIRGINIA R Y.-Operates
$1,705,899 $1,528,390 $1,601,036
Balance, surplus
Md., 5 in.; total.
to Lewes. Del.. 73 miles; Queenstown Jct. to Centerville,
Pres., Edgar L. Marston; Vice-Pres., John H. McClement; Sec. and
Also
Viz.
&
M.
Del.
over
trackage
Is
m.,
Rehoboth,5
Treas.,D.W.McWilliams. Directors Nov. 1913, V.97.D. 1426.-(V.94. 78 m.: and Lewes to
points on the
owns 14 steamers running between Baltimore-Washington
P.279:V.95, p. 1331; V.97, p. 1115, 1426, 1504.)
miles.
979
lines,
steamer
total
Norfolk;
and
&c.,
River,
in New Jer- Potomac
of common and 4% non-cum.
Stock, $3.000.000. of which one-half eachindebtedness
MANILA RR.-(Gauge.3ft.6 fn.)-This company,organizedroad
. due Dec. 5 1909.
on the pref.;
par of shares. $50 each: 4% etts. of
sey in 1906, has taken over and Is operating the only steamV.91.
p.215;
$419,750. Penn. RR. and
1313;
1913,
p.
Dec.
31
(V.88.
payable
miles
bills
480
Islands,
Island of Luzon, Philippine
$57.000; loans and
pref. stock, Ball.
$300.000
Its subsidiaries own all the common and about guaranteeing
V. 83, p. 1348). The Speyers are interested.
bonds. In
to comprise Ches.
& Atlantic owning a majority of stock and
Total lines authorized. 820 miles, viz.:(1) "Northern Lines,"
all
$161.391:
miles.
470
charges.
Inc..
other
$1,788;
Lines,"
net,
"Southern
$97,338;
the
$959,135;
1913, gross.
about 350 miles north of Manila; (2)
and a Port Line in Manila con- bal.. def.. $62,265.-(V. 94. P. 1317; V. 98,9. 999.)
but about 20 miles to the south of Manila,warehouses.
operation Dec.
In
Pa.
and
York,
wharves
Md.,
to
,
Government
-Baltimore
the
RR.
with
ANIA
necting
MARYLAND & PENNSYLV
miles of Southern Lines. The
obtained right to build to tidewater.
1913 304.8 miles of Northern Lines and 175 to
be kept distinct,as if owned 78.9 miles. V. 72, p. 339. In 1910
$1,997,which
of
two systems (and their accounts) are required
$3,600,000,
management.
STOCK AND BONDS.-Stock authorized,
.
by separate companies but under the same
common, all but 500 reserved for conversion of notes (see below) and future requirements
Of the stock. $3,652,800 7% cum. pref. and $2.130,700(see below.)
reduced from $2,700,000 to
In 1902 the authorized issue of the first 45 was
Peach
and
York
directors' shares are held by the Manila My. (1906), Ltd.
the
retire
to
are reserved
gold 4s of 1909. guar- $1.200,000, of which $203,000
for future purposes, &c. V. 74. p. 94,
BONDS.-The Manila RR. (Southern Lines) 1stunder
Act of U.S. Con- Bottom 5s and $100.000 additional
issue).
anteed as to interest by the Philippine Government
2205. Of the 6% notes of 1913 ($500,000 authorized
p.
79,
V.
427;
issued.
been
have
$7,135,000
which
of
to
$30.000,000.
convertible into common stock at
are
gress, are limited
They
sold.
been
have
$300.000
sinka
for
lot
by
or
110
at
prowithout
made
be
can
The bonds are redeemable as a whole at any time
mortgage
No
July
11923.
to
up
Apr. 30 1928, and 1% yearly $50 per share
a Tering fund of yi of 1% yearly from May 1 1919 to1711;
viding for the notes. V. 97, p. 1115, 951. 'Maryland & Pennsylvani
V.93. p. 45.
notes Dec. 31
thereafter. V. 91. p. 215, 276. 717; V. 91. p.
Equipment
1102.
1041,
p.
V.
82,
bonds.
guaranteed
minal
namely
above),
1902 to Apr.
All the outstanding bonds on the Northern Lines (see table
bonds, as well as an 1913, $79,500. V. 96, pi. 203. Paid on incomes. 1901. 3%;
p. 969.
$4.330,000 1st M.6% bonds and $7,716,000 2d M. 7%(excepting
shares to 1914, incl., 4% yearly (2% A.& 0.); nothing Oct. 1914. V. 99,
Co.
the stock heretofore issued by the Manila RR.Co.
Gross, $279,940; net. $74,679
(1906), Ltd.. (an EngEARNINGS.-6 mos.,11914
qualify directors), are owned by the Manila My,
Gross, 288,276; net. 65.882
in 5% non-cum. preference shares.
July 1 to Dec. 31. 11913
lish co. whose auth. capital is £2,000,000
which £399,340 is out),
REPORT.-For year ending Dec. 31 1913. gross. $531,087; net after
all out, and £2,000,000 in ordinary shares, of Ltd.,
the
for
as
collateral
Co.,
Trust
on bonds. &c.. $131,504; bal..
Int.
Merchants'
$2,912;
the
other
income,
with
axes,
$107,621;
deposited
and are
(a) £2,500,000 4% "A"
$21,350. In 1912, gross, $474,559; net, $131,131. Pres., 0. H.
bonds issued by the Manila My. Co. (1906), Ltd.:
of which £2,000,000 have def.,
912, 999: V. 99, p. 969; V. 100. ri• 397.)
98,
Nanco.-(V.
P.
debenture bonds, due Jan. 15 1956, authorized,
the prior lien of said "A" debentures for
Western.)
been issued, and are subject tobonds,
due Apr 115 1956, total auth. issue
MASON CITY Cc FORT DODGE RR.-(See Map Chicago Great
£1,880,000 4% "B" debenture debenture
stock, of which £600,000 have -Owns road from Oeiweln. Ia., to Council Bluffs, 259 miles; Hayfield. Minn.
5%
£1,000,000
and
£2,500,000.
Iowa, 19
Coalville,
and
Lehigh
to
branches
miles;
p.
269.
100
p.
303;
50.
V.
V.
99.
Iowa,
1197:
Clarion.
to
p.
miles.
been issued. V. 87. p. 166; V. 88.
$2,618,244; net, after taxes, miles; trackage, Council Bluffs to South Omaha, 8 miles. total. 386
REPORT.-For calendar year 1913. gross.$1,133.662;
bal., stir., $283,- The Chicago Great Western owns entire outstanding corn, stock ($19,205.($13 635.$1,263,530; other income. $153,948; charges.
pref.
stock
4%
non-corn.
the
and
$232,842.
$20.000.000)
auth.
the
of
surplus,
400
from 1913
816. Divs, paid in 1514
L. Higgins (Pres. and Can. 752 of the $14.000,000 auth.), and operates the road as part of Its main line
DIRECTORS AND OFFICERS.-Hcrace
and modified
David T. Davis (2d. V.-P.), D. P. to Omaha under a 100-year agreement dated Apr. 30 1901. interchanged
.
Mgr.), Manila; J. G. Metcalfe (V.-P.),
on business
Schuster, Wade Gard ner, J. S. Ulman, June 1904, M.C.& Ft.D.receiving 60% of earns,
pref.
bonds
on
Bennett. Chas. A. Conant, Richard
interest
of
Jr., Bureau of Insular
Any surplus of net earnings after payment payment of future and
coupons.
New York; Frank McIntyre and Chas. C. Walcott
C. G. W. for
by
trust
Office,
in
held
Treas.
be
&
Sec.
to
is
is
Y.,
stock
N.
Ileberd,
Affairs, Washington, D. C.; E. M.
See V. 95, p. 1274. In 1905
The accounts showed a deficit June 30 1912. Chic.
Great Western My. and
45 Nassau St.-(V. 93, p. 450
were sold. Compare
-Owns from Manistee, Mich., to 812.000,000 4% bonds
p. 1782; V. 80, P. 2621.
MANISTEE & NORTHEASTERN RR. 15 m.; Platte River to Empire. V. 73, p. 566, 616, 722; V. 77, p. 640: V. 78.
V. 99, p. 1451.)
95.p.1274;
Provemont,
system.-(V.
W.
G.
C.
of
to
those
Traverse City, 71 m.: Solon
leased, 1 in.: operated Earns. incl. in
Jct., 17 in.; other, 80 in.; sidings and spurs, 53 in.;
$2,000,000.
I VALLEY RY.-Province Line to Lenoxville, Que., 34
MASSAWIPP
under contract, 6 m.: total. 243 miles. Stock.
1 yearly from 1912 to miles, with branch. 3 m ; trackage to Sherbrooke, Que., 3 m.; total, 40 in.
Of the bonds ($1,500.000). $40,000 mature Jan.
beginning July 1 1910, is Leased for 999 years from July 1 1870 to the Connecticut & Passumpsic
1938. Sinking fund of 50% of surpilus Income,
until $1.000,000 have Rivers RR. Stock. $800,000: par of shares, $100; dividends payable Feb.
interest
and
10234
at
lot
by
bonds
call
to be used to
Report for 1913 In and Aug. 1. Dividends, formerly 5%,6% since Jan. 1 '97. Of the stock,
been canceled. V. 88, p. 375, 823: V. 90. ip 1363. hire
of equip. (Cr.). $400,000 owned by the Conn. & Pass. River is deposited under its mtge. and
V.99, p. 532,showed: Gross.$562,730; net,$108,979; $36,000;
bal., sur., $50,000 represented by Connecticut Trust & Safe Deposit Co. of Hartford
bonds,
of
retirement
$1.358; interest paid, $72.094;
V.99,P.532.) 5% trust certificates was purchased Feb. 1 1910 under its option at par.
p.912;
$885. Pres.. Edw.Buckley, Manistee, Mich.-(V.98,
on Lake In April 1911 Bos. & Maine rec'd authority to perch. stk. V. 92, p. 1108.
Mich.,
lque,
RR.-ManIst
MANISTIQUE Fc LAKE SUPERIOR
81, p.
McCLOUD RIVER RR.-Owns from Sisson, Cal., to McGavic,50.6 miles.
Michigan, northerly to Evelyn. 42 m.: branch to Doyies, 15 in.; V.
ac- Stock, $1,200,000. Bonds ($1,200,000 auth.). Mercantile Trust Co., San
1911
Apr.
In
RR.
Arbor
Ann
V.
The
470.
p.
87, p. 97: V. 89,
975:
$1,300.nun.,
quired the entire $250,000 stock. V. 92. p. 1109. Bonds
Francisco, mtge. trustee. V. 85, p. 1005. For year ending June 30 1914.
$341.592: net. $89,498; other income, $25: int., taxes, &c., $80,637:
000 25-year 4% non-cum.'incomes. For year ending June 30 1914, gross,
gross,
bal.,
al..
$24,056;
&c.,
taxes,
88,886. In 1912-13, gross, $386,088; net, $139.530; hit., taxes.
$168,019: net. $31.495; other income. $231; int..
gross, $371,024; net. $138.sur., $7,672. In 1912-13, gross, $138,588; net, $31,614. Pres. and Gen. &c., $77.487: bal., sur., $62,043. In 1911-12.
J. II. McQueal, San Francisco.-(V,85.13. 1005.)
Pres.,
Man., Alfred W.Towsloy, Toledo, 0.-(V.92, p. 11094
989.
MEADVILLE CONNEAUT LAKE & LINESVILLE.-MeadyIlle to Lines
MANITOU & PIKE'S PEAK RY.-Manttou, Col., to summit of Pike's
Peak, 8.9 miles; standard gauge. Operated from April to November yrly. vino, pa., 20.5 miles, and branches, 1.2 miles' total, 21.7 miles. Leased
Stock. $500.000: par of shares. $100. In Oct. 1909 $500,000 20-year 5s to June 8 1990 to Pittsburgh Bessemer & Lake Erie RR.: rental. 25% of1
were issued to replace old maturing bonds. For year ending Nov.30 1913. gross earnings. Stock. $200,000; par, $50. Dividend in 1913 and 1914
gross, $106,007; net, $37,056; other income. $2,348; int.. $25,000; miscell., 4% (2% A. & 0.) For year enng June 30 1914. gross. $21,964; net,
diva (4%). $8,000; miscall. deductions. $28;
$12; div.(40%).$200,000; bal.. def., $185.608. Pres., C. W.Sells, Mani- E21,819; bond hit., $10,000;p. 709.)
bal., sur., $3.819.-(V. 96.
tou, Colo.-(V.89. p. 847.)
to
Jct.
Moore's
&
RR.-Owns from Ashdown to Hot
-Owns
GULF
RR.
D
&
DALLAS
CLEVELAN
COLUMBUS
MEMPHIS
MARIETTA
branches and spurs. 4.18 in.; trackage,Marietta to Springs, Ark.. 113.38 miles; Ashdown to Shawmut, 60.55 in.; Shawmut to
Palos. 0., 41.09 miles;total,
On July 10 1914 D. B. Torpey Glenwood, 17.82 in.; Graysonia to Leard,6.5 in.; Daleville to Dalark, 11 in.:
miles.
48.47
m.:
3.2
Jct.
Moore's
being in default. V. 99, p. 120. Stock, total, 130.88 miles. Extensions proposed north to Memphis. Tenn., 255
was appointend receiver, interest
For year end. June 30 1914. gross, $105,042:
south to Dallas, Tex., 186 miles, of which 41 completed.
$250,000. Bonds,see table.$225; int., taxes, &c.,$38,104: bal., def., $24.- miles, and
outstandincome.
Stock authorized. 57,875.000. as Increased July 1910; par *100;
net, $13,114: other
$645,000. Of the 1st and ref. 30-year gold 6s ($3,600,000
$109,271; net. $24,525.-(V. 99, p. 1201.)
1912.
gross,
May
ing
1912-13.
In
764.
were issuable at once. $420,000 are reserved to re$1.015.000
to
Grove,
Marion
Sugar
issue).
Va.,
RY.-Owns
auth.
Paris & Gulf 6s, which are guar. p. & I. by Nash"
MARION & RYE VALLEY
on in June 1900. Controlled by United States tire the $420,000 Memphis
18 miles. A reorganizati $100.000; par, $100. Bonds $175.000 68. see villa (Ark.) Lumber Co.. and $2,165,000 for road acquired or constructed
-mile
5
in
Spruce Lumber Co. Stock,
sections: they are redeemable at 101 and int.
mile
per
30
1914,
Year
June
$27.825.
at $18.000
1472. Car trusts
table above. V. 95, p. $79,608; net.$27,795; other income,$30; int. & to Jan. 1 1918 at 103 and int. thereafter. V. 96, p. 237. 887. Car trusts
ending June 30 1914, gross, $8,899. Pres. & Gen. Man., J. C. Campbell; May 311914,$15,669; loans and bills payable, $772,792.
interest on
rentals, $18,926; bal., sur.,
For year ending May 311914. gross.I $334,812; Met,5125.006; 1912-13.
B. Jeffery, Marion, Va.-(V. 95, p. 1472.)
other charges. $1,252; bal., stir,, $54,649. In
Treas., L. A. Arnsler: Sec., H.
from Elysian Fields, 18 miles bonds. $69,105;
-Owns
RV.
TEXAS
$305,349.
EAST
MARSHALL &
NashPac., to Winnsboro, on M.K.& T. 92 in.; gross,
Pres., W. W.Brown,Camden,Ark.; V.-P. and Sec., J. W.Bishop,
south of Marshall. Tex., on Tex. &projected south to Newton. 125 miles, of
ville, Ark.; Treas., W. H.Poland, Nashville, Ark.-(V.97, p. 887.)
2 branches, 4 miles. Extension 1 1910. V. 88, p. 748, 1500.
March
which 18 relies operated

FEB., 1915.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
ye

When
Payable

83
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Michigan Central (Con)-Debentures gold_ _13.x.c• &r•
1909 $1,000&c $7.634.000
4 g A & 0 Apr 1 1929
Grand Cent Term. N Y
it t, new Mon Gr Riv Val ;4,500,000,g text.Gxe&r
84 1909
1.500.000
4 g if & S Sept 1 1959
Grand Cent.Term.,N.Y
M C first mortgage on Kalamazoo &S Haven.xGn.r
39 1889 1,000&c
700,000
5
M & N Nov 1 1939
do
do
Mich Cent 1st Mon Jack Lane & Saginaw g __xe•&r
379 1901
1,000 1,714,000
334 g M & S Sept 1 1951
Reg at G C T: cp at G Tr
it C let M on Joliet 83 Nor Indiana $3.000.000 g -x
45 1907
1.500.000
4 g .1 & .1 10 July 10 1957
Guaranty Trust Co. N Y
Jack Lans & Sag stock 3la% yearly guar by encl.__
- _-_100 2.000,000
334 M & S Mch 1 1915 134
do
do
Grand River Valley stock rental in perpetuity_
x
84 ___
100
491,200
5
J & J Jan 1 '15.234% Jackson. Mich
Bay City & Battle Cr let Mg gu p & I end_Mp_zc•
18 1889
1,000
250.000
3 g J & D Dec 1 1989
Union Trust Co, N It
Battle Cr & Sturgis 1st M g guar p & I end_Mp.zo•
41 1889
1,000
500,000
3 g J & D Dec 1 1989
do
do
TolCanSo&Det lstM$4,500.000 g gu (end)Chic'&r59 1906 1,000&c d3,100,000
4 g J & J Jan 1 1956
Grand Central Term, N Y
Detroit Rill Tun 1st M 530,000.000 gu end__(Lic•r•
--- 1911
1,000 18,000.000
414 g M do N May 1 1961
do
do
Notes $3,000,000
z
1914
5.000 3.000,000
414 M & S Mar 1 11116
do
do
Middletown & Unionv RR-lst M $500.000-- Ba.Y
13 1913
100 &c
6 g M & N Nov 1 1933
200.000
Empire Trust Co, N Y
Second M 6% non-cum adjust inc bonds red par Y
- -- 1913
250.000
M & N Nov 1 1933
Midland Pennsylvania-1st M 12.000.000 gold reds f_
-- 1910
100 •loc See text
5 g J as J July 1 1960
July 1912 coup not paid
Midland Val RR-lst M g red 10234 beg '16_0Pxc*
299 1913
1,000 5,000.000
5 g A & 0 Apr 1 1943
New York and Phila
Adjustment mtge (2d income) gold red par FP_ xc*
299 1913
100 &c 5.512,500 Up to5% Sept. 1 Apr 1 1953
Fidelity Tr Co, Phila.
Wichita & Midland Val 1st M g gu red par
itc
--- 1911
1,000 1,025,000
5
g
A
1931
&
0
Jan
Office, Philadelphia. Pa
1
Mill Creek & Mine Hill Navigation & RR
_
___ _
25
323.375
J & J Jan 1915 5% Reading Term, Pinta, Pa
10
Milwaukee Lake Shore & Western-Milwau
-Stockkee Sparta & Nor thWes tern-See Chicago & North Western
Milwaukee Et Northern-See Chicago Milwaukee & St Paul
Mine Hill & Schuylkill Haven-Stock (67 rental) ___
37 ____
50 4,210,200
514 J & 1 Jan 15'15 234% Office 119 S 4th St. Phila
Mineral Point & Northern-lst M 5450.000 gold .F.x
26 1905
1,000
450.000
5 g M & N May 1 1925
Farmers I. & Tr Co. al Y
Mineral Range-Consol mtge (text) gold red at 105-zc
16 1891
&c
500
593,000 4 g & 5 g J & J Jan 1 1931
55 Wall St. New York
General mtge interest guar by Canadian Pacific_Fz
73 1901
100.000 1,000,000
4 g J & J Jan 1 1951
All owned by Can Pacific
Hancock & Cal cons mtge gold red at 105 assumz
34 1891
1,000
325,000
5 ¢ J & J Jan 1 1931
55 Wall St. New York
Minneap Red Lake & Manitob-lst If $700,000 g-F.xc 3314 1905
1,000
700,000
5 it I & D 30 June 30 1925
First Trust & Say Bk, Ch
Minneap. & St. L-Com. stock. $18,000.000
100 15,370,200 See text J & J Jan 15 '04 214 Office. 25 Broad St. N Y
Fret stk. $12,000.000 (V 70, p 1150) 5% non-e-Ce
-100 5.917,500 See text J & J Jan 15'10 214
do
do
First mtge Merriam June to .Albert Lea g__ F.zc•
109 1877
500 &e
950,000
do
7 g J & 1) June! 1927
do
Pacific extension first mortgage gold
-Ce.zc•
103 1881
1.000 1,382,000
6
g
A
&
0
Apr
1
1921
do
do
First consol M closed M g (V 59, p 1145)-Ce.xe*&r
363 1894
1.000 5,282,000
5 g M & N Nov 1 1934
do
do
First & ref M 113,244.000 gold (518,000 ii m)---Cex
640 1899
1.000 13,244.000
4 ¢ M & S itch 1 1949
do
do
Gold notes $2,500.000 secur by collet red par_Ceyc
- 1914
1,000 2,500,000
6 ¢ F & A Feb 1 1916
do
do
Refund andextenM $75,000,000 g red 105.0xc•&r•
889 1912 1.000 &c 3,587.000
5g
do
Q-F Feb 1 1962
do
Car tr ser A g due $60,000 yly (V 88, p 1373)PeP•xc•
--- 1909
1,000
300,000
5 g A & o To Apr 1 1919 Penn Co for Ins,&o.Phila
Car trust ser B gold due $18.000 yearly_ _PeP.xc•
--- 1910
108.000
1.000
5 g A & 0 To Oct 1 1920
do
do
do
Ser 0 part due yearly
PePx
1912
1.000
6
148,000
M St N To Nov 1 1922
Locomotive trusts due $62,500 guar
1915
c
250
&c
J
To
Jan
251.813
6
1916
c Of which $16,819,300 held by al le C & lilt RR Co.
, 51.600 .000 held by public and $1.50 .060 owned by Can So By. on which no hit. Ispaid
MEMPHIS UNION STATION CO.-Owns union passenger
at
Memphis, Tenn., used by Loutsv. & Neatly., Nashv. Chatt. & station
St. Louis.
Southern Ry., St. L. Iron Mtn. & So. and St. Louis Southw.,
used since
April 1 1912. Int. charges and expenses are to be apportioned among
the
lines on the user basis. Stock, 1100.000, owned equally by five roads
named. In Nov. 1909 made a mtge. to the Bankers Trust Co. of N. Y.
as trustee, to secure an issue of $3,000,000 5% gold bonds, guar.
jointly
by five roads named. V.97.p. 1025; V.93. p. 1324; V.89. p. 1411,
1542;
V. 90,p. 236; V. 91. p. 94.-(V. 97, p.1025,)
MERIDIAN & MEMPHIS RR.-Meridian. Miss.. to Union, 40 miles.
completed December 1913. Has large terminals at Meridian. Stock
auth., $500,000. Bonds, 5800,000 30-yr. 5s, Union Bank & Tr. Co. of
Jackson, Tenn., trustee; present issue, $538.000. See table above. V. 96.
p. 1157, 1298. Meridian & Deep Water Ry. is building from Meridian
west
to Tombigbee River, 47 m. Pres., J. T. Schley; Sec., E. B. McRaven;
Treas., 0. W. Schamber. Office. Meridian, Miss.-(V. 96. p.
1298.)
MERIDIAN TERMINAL CO.-Owns passenger stations
Meridian.
Miss., opened Sept. 11906, and used by Southern By., Mobile at
& Ohio, New
Orleans & Northeastern RR., Ala. & Vicksburg and Ala. Great
which own one-fifth each of the capital stock ($100,000 &nth.,Southern,
of which
594.000 issued July 1912), and guarantee the bonds jointly and severally
by endorsement; form, V. 85. p. 601. Pres., D D. Curran; Sec.,
W. J.
Kelleher.-(V. 85. p. 601. 1402.)
MEXICAN NORTHERN R Y.-Owns from Escalon, Mexico, on the Mexican Central By.,to Sierra Mojada,83 miles, all steel. See V.64, p.619.
Bonds, see V. 88, p. 1437, 1500; V. 89, p. 104; V. 91. p. 1026.
DIVS.- 1'93.'94. '95-'99. '00. '01. '02. '03. '04-'08. '09. '10-'12. 1913.
Per cent- _
14 6 4 y'ly. 5 415 214 114 None. 13 4 yrlY 114, REPORT.-For year ending Dec. 31 U. S. currency.
YearGross.
Net.
Oth.Income. Charges.
Balance.
1913
547.565
$8,186
$26,653
$44,991
def.$10.151
1912
178,878
85,507
58,135
sur. 92,843
-(V.88. p. 1500; V.89. p. 101, 1280; V.91. p. 1026;40.799
V.96. p. 1365.)
MEXICAN RV.-MEXICAN SOUTHERN RY.-See page
141.
MEXICAN UNION.-V.98, p. 523. MEXICANO DEL
CENTRO RR.
V.91. p.215. 1630.
MEXICO NORTH WESTERN R Y.-Owns and controls 54014 miles:
Ciudad Juarez to Tabalaopa
1La Junta to Minaca____ ------ 6.34
(Chihuahua)
475.781Cumbre to Chuichupa(bunding)45.08
San Antonio to Cusihulriachio- 13.051
Owns over 3,000,000 acres of timber lands, with 2 mills at Madera with
a
capacity of 175,000.000 ft. per year. and 2 mills at Pearson
with a capacity
of 250,000,000 ft. per year. Controls finishing, &c.. plant at El Paso,
Tex..
capacity 100,000,000 ft. per year. See V. 88, p. 749; V. 89. p.
348. 470:
V.94. p. 1627; V. 96, p. 287.
Stock. 140.000.000 (par $100). of which $25.000.000 issued.
BONDS.-Present limit 1st M. 58, £8,459,700; issued. £5.600.000; may
be increased for extensions, terminals, double-tracking and other sjpecial
purposes; Nat. Trust Co. of Toronto, trustee. Bonds are redeemable at
par Mar. 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 while at
105. V. 88. p. 749; V. 93. la. 28, 1324, 1463; V. 95. p. 176. Coupons payable at Bank of Scotland, London; Guaranty Tr. Co., N. Y., and Bank of
Commerce. Toronto. The payment of the Sept. 1913 coupons was deferred
because of disturbed conditions in Mexico which made operation of railway
and lumber mills impossible. V. 97. p. 521. 595.
As to 6% cumulative convertible income bonds. see V. 94, p. 1627.
The issue of 15-year prior-lien 6% bonds is limited to £2,500,000. secured
by a prior lien on the entire property,of which e1,671,000 have been sold.
The remaining £829,000 are reserved for future requirements, incl.
int. on prior lien and 1st M.bonds. Red. at 10234 any time on 6 months'
notice. Trustee, Nat. Trust Co., Toronto,
V. 96. p. 285, 1229.
The payment of the Sept. 1914 coupons was Ltd.
deferred, owing to financial
conditions in Europe and Mexico. V. 99, p. 674.
REPORT.-Report for calendar year 1911 In V. 95. p. 478, showed:
Gross income (American currency). $961.468; net
bloom°. $460,581; other
ino.. $253.231: bond Int.. $849.162; gen.amp $189.438• bal., def..$324.7a8.
OFFICERS.-Pres., F. S. Pearson, N. Y.; V.-Ps., H. I. Miller, N. Y.:
Miller Lash, Toronto, Can.;1.0. Crockett, El Paso; Treas., U. de B. Daly,
Toronto; Sec., A. M.Trueb, N. Y. Office, 115 Broadway, N.
Y.-(V.97.
p. 521, 595: V. 99, p. 269,674.)
MICHIGAN CENTRAL RR.-(See Maps New York Central & Hudson
River.)-LINE OF ROAD.-Main line-Kensington to Detroit, 270 m.,
and Windsor to Suspension Bridge (Canada Southern), 226 in.; total main
line 406 miles. Branches owned and leased. 1,211 m.; trackage (III.
into Chicago under perpetual lease, 14 m.; other trackage, 79 m.;Cent.)
total
Jan. 11914, 1.800 miles. with 603 In. of 2d track and 1,404 m,of side tracks.
Chicago Kalamazoo & Saginaw By., Pavilion to Woodbury, Mich..65 m..
and Detroit & Charlevoix, Frederic to East Jordan,43 miles, are controlled
but operated independently. V. 84, p. 50.
Thkd-rail electric Detroit River Tunnel,2.42 m.long,IF leased for 995 yrs.
See below. V. 90, p. 710: V. 91, p. 276; V. 92, p. 1499; V. 98. p. 236.
CONTROL.-The N. Y. Cent. & Hud. River RR. Co. In April 1898 gave
$115 in its 334% 100-year gold bonds for $100 stock, and so holds 516,819.800 of the 318.738.000 stock issued. See that company's statement (also
V. 93, p. 1787; V. 96. p. 1424. for proposition looking to ultimate merger.
DIVI DEN DS.-I'91. '92-'94. '95-'05. '06. '07. '08. '09-14. 1915.
%1 5 514 y'ly. 4 y'ly. 5
Since 1890
6 8
6 y'lY
1,
BONDS.-Battle Creek & Sturgis bonds for $500,000, but of this $79,0(0
was sub-guaranteed by the Lake Shore & Mich. So.. 7 miles of the B.C. & S.
being operated by that company. The 51,714,000 3148 of 1901 are a first
nage. on the Jackson Lansing & Saginaw RR.. 379 miles (V. 73. p. 1061):
V.76, p. 1027). Of the $18,000.000 314s of 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, p. 1367, 1428; V. 100, p. 556, 642.
Toledo Canada SO.& Del. guar.4s of 1906, see V.82, p. 930 17.85,0.406.
As to Canada South. newiguar. bonds, see that Co. V.94, P. 982, 124940

The Detroit River Tunnel guaranteed 50-year bonds (530.000,000 authorlzed issue) are secured by a first lien on the double-tube tunnel and approaches under the Detroit River. with terminals. Of the bonds. $18,000.000 434s have been sold against cost of present property and improvements
In progress, the remainder being reserved under restrictions for additions
and improvements, interest rate not to exceed 5%. V. 92, p. 1499; V.93,
P. 469: V. 94. p. 123; V. 98. p. 236. 388, 1156, 1244. 1693.
In April 1909 an issue of $25,000.000 4% 20-year debentures was authorized, of which $7,634,000 sold to provide for advances to Detroit River
Tunnel Co. Of the $4,500,000 authorized 44 on Grand River Valley RR..
$1.500,000 are reserved for double-tracking, &c., and $1,500.000 for future
requirements. V. 88, p. 945, 1002. 1061, 1254; V. 90, p. 1554; V. 89.
p.470: V.90.p.627. In March 1915 $3.000.000 one-year 414% notes were
issued on account of retirement of 16.000.000434% notes due March 11915.
V. 100. p. 642.
Jointly with four other roads, covenants to pay New York Central Lines
590,494,000 car trusts of 1907, 1910, 1912 and 1913,the company's share of
.
equipment trusts outstanding Dec. 31 1913 being $2,343,829, $4,416,237
$2,123,953 and $2,055,234. respectively. V. 85. p. 1402, V. 86, p. 168.
V. 88, p. 761; V. 90. p. 1677; V. 92, p. 807.
Gross, $33,464,968; net, $8,283,485
EARNINGS.-12 mos.,j1914
Gross, 36.676,970; net. 8,673,871
Jan. 1 to Dec. 31.
11913
ANNUAL REPORT.-Report for 1913 at length was in V. 98. P.
1066. 1083.
1911.
1912.
1913.
Year ending Dec. 31536,011,886 532,911,753 530.164,490
Railroad revenues
$7,290,381 $8,564,111 $7,505.023
Operating Income after taxes
1.170,957
1,060,663
1.246.057
Other income
Gross corporate income
Rentals leased lines
Interest on bonds,&c
Other rents and miscellaneous
Hire of equipment
Dividends, 6%

58,536.438 $9.624,774 58.675.980
$3.662,314 $3.545,5791 $5.141,625
1,432,3173
1.552,500
820,898
765,255
661,936
652,736
1,099,647
1,376,527
1.124,280
1.124,280
1.124,280

Balance, surplus
$158,881 $1,602,053
$992,084
Pres., A. H. Smith, N. Y.-(V. 100, p. 474, 556, 642.)
MICHIGAN EAST & WEST RR.-Manistee to Marion, Mich., 73 m.;
Filer City to Sands, 2 m. Successor Jan. 1 1914 to the Manistee & Grand
Rapids RR.. purchased at receivers' sale Aug. 12 1913 by David G. Joyce,
James Stanley Joyce and Frank P. Leffingwell of Chicago. V. 91. p. 887.
365; V. 98, p 74. Stock, $1,000,000; outstanding, $200,000; par. $100.
No bonds to be issued at present. For year ending June 30 1914. gross
$47,565;op. def.. $1071:other income.$401; taxes, equip. hire, &c.,$8.49,
bal., def., $9,162. Pres.J. S. Joyce: Treas., F. P. Leffngwell, both
Chago. Offce Manistee.'Mich.-(V. 98. p. 74, 236.)
MIDDLETOWN & UNIONVILLE RR.-Middlotown, N. Y.. to
Unionville, N. Y.. 13.65 miles. Has an agreement with the N. Y. Ontario
& Western By. for the use in perpetuity both of the terminal in Middletown and of the mile of track used in entering that city.
Incorp. in N. Y. Nov. 14 1913. Successor, per polan, V. 97, P. 887,
Dec. 1 1913 to Middletown Unionville & Water Gap RR.,foreclosed Oct.25
1913, which was controlled by N. Y. Sus.q. & West. By. but reorganized
independently. Stock. 5150.000, held in 6-year voting trust, with authority in majority of trustees to sell same.
For 7 mos. ending June 30 1914. gross. 542,860; net. 511.864; int, and
taxes. $9,470: bal.. sur" $2,394. Chairman, Newman Erb; Pres., Charles
I. Henry.21 State St., N.Y.; V.-P.& Gen. Man.,J. A.Smith; Treas., Garrett T. Townsend; Sec., Frank H.Finn.-(V.97, p. 1663; V.98, p. 3870
MIDLAND CONTINENTAL RR.-(V. 99, p. 1130, 1749.)
MIDLAND PENNSYLVANIA RR.-See page 141.
MIDLAND VALLEY RR.-Owns and operates from Excelsior. Ark.,
south to Hoye, Ark., and north to Fidelity. Ark.; also from Excelsior west
to Silverdale, Kan., and from Jenks, 0. T., to Glenn Pool,0.T. a total of
299 miles;also operates under trackage from Malley Jet., Ark.,to Ft. Smith,
16 m., and Silverdale to Arkansas City, Kan.,9 miles; leases Wichita &
Midland Valley RR., Arkansas City to Wichita. 61 miles, for 50 years from
July 29 1910. for 25% of the gross earnings (and any deficiency necessary
to meet the bond int. and taxes); total open, 375 in. V. 92, p. 462.
796.
ORGANIZ'N.-In 1913 readjusted without foreclosure, V. 96. P. 554.
STOCK.-Auth.,common,$16.000.000; pref., $5,000.000; outstanding.
$4,006,500 each of common and 5% pref.(prin, and div.); Par.$50. Stock
is all held in a voting trust terminating Jan. 1 1924 or at any time after
May 1 1918,at the discretion of the voting trustees' Edward T.Stotesbut9.
Sidney F. Tyler, J. R. McAllister,
W.Smith and Francis I. Gowen.
The pref. stock is redeemable at parLloyd
on any div date after July 1 1916 on 30
days' notice, and subject to the right
Co.
a the Cherokee Construction
(which owns all of the corn, stock) to purchase
as follows: During 1914 and
1915 at 35'70 of the ipar value; 1916 and 1917.140%;
1918 and 1919. 45%;
1920 and 1921. 50%; 1922 and 1923, 55%•
BONDS.-The first 58 and adjustment M.(income) 6s. Issued .Per Plan
V. 96. p. 554, are a first and second lien,
respectively, on (1)the entire
property; (2) the leasehold interest in the Wichita & Midland Valley RR.
and all the $1,025,000 old bonds of the latter and $460,000 of its 5459.300
common stock; (3) all of the 5250 000 stock and $1.250,000 1st M.5s of the
Sebastian County Coal & Mining' Co. owning about 18,500 acres of semianthracite coal lands. Of the first 53. 55.000.000 have been issued on
im
accpota
un
..ta,ocf..raet
nd
irem
theen
rt
emoa
finoin
uts
g tannolooingomboondsarearnesderovtedherfoirnd85eb%tedness and
of the cost
of impts., extens., &c., under careful restrictions. See V.96. p. 1423, 1489.
The interest on the adjustment M.bonds is to be paid annually, if earned,
but is not to become a fixed charge, and is not to be cumulative unless the
Cherokee Construction Co. shall exercise the option to purchase the pref.
The $3,512.500 Series A bonds are to have priority both as to lien and
payment of interest over the 52.000.000 Series B bonds.

84

[VOL. 100.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
For abbreviations, eec., see notes on first page]

Miles DcUe
Road Bonds

Amount
Outstanding

Par
Value

Minneapolis & St Louis-(Concluded)
501 1888
$1,000
Ba.zo•
Iowa Central 1st M g (V 49. p 582)
1,000
539 1901
1st ref mtge $25,000.000 g (see text)__Un.xc•&r
1000
1909
___
yrly_PeP.xo•
$32,000
due
A
ser
trusts
car
Cent
Iowa
1,000
1910
--yrlyPep.xe•
Car trusts ser B due $16.000 or $15.000
1,000
13 1905
Des Moines & Ft Dodge gold guar p & 1_ _Ce.xc*&r*
1.000
1912
__
Em.xc*
sf
105
red
gu
$600,000
AI
1st
Co
Hock Coal
Minn St Paul & S Ste Marie-Corn stock $42,000,000--------100
100
Preferred stock 7% non-cum $21,000,000
100
___ r__
Wisconsin Cent leased line ctfs $12,500,000 auth
1,000
49' 1886
Minn Sault Ste Marie & Atlantic 1st M gold_Ce.ze•
1,000
2861 1886
Ce.ze•
Minneapolis & Pacific first mortgage
1.000
Ce.xc• 3.1141 1888
Cons mtge gold Int guar (end) see text_ ..
1.000
Second mortgage $5.000,000 gold int guar_ ___Ce.x 3,1141 1890
he
1,000
1911
-__
text_
Ar•
red
g
M
H.xe•
t
,
7
joint
Terminal
Chicago
1,000
_ Ce.x
_-- 1907
Car trust Ser A due $96,000 semi-annually
1,000
-__ 1910
Ser B due $61.000seml-annually - _ .Ce.x
do
1.000
-__ 1911
- _Ce.x
Ser C gold due $60,000 semi-annually
do
1,000
__- 1912
Ser D g due $51,000 s-a (V 95. p 750) __x
do
--- 19131,000
Ser E g 11159.000 s-a(V.96.p.203) -G-.xc
do
1,000
___ 1913
Ser F due $60,000 s-a(V 97. p 1663)_ GPc•
do
1,000
_-_ 1886
Minnesota Transfer-First mtg ($1.149,000 are 4s).ze
1,000
8 1902
Mississippi Arkansas &Western-lst M g red par_CC.z
500 Ac
164 1909
Miss Cent-lst M 510.000.000 g gii red (text)_.Ilse*
1,000
65 1911
Miss Riv & Bonne Ter R y-Ist M $2,500,000 g red 105x
1.000
___ 1911
Equipment trusts due $50,000 s-a red par_SSt.xc•
1.000
___ 1901
Mo& III Br & Belt-St C M & St L B 1st M red g_SSt.zc•
1,000
-- 1904
Consolidated mortgage $2,000,000 authorized g__ x
-------100
Missouri Kansas & Texas-Common stock
100
Preferred stock 4% non-cumulative
500 Ac
1890
1.599
Ce.z
gold
First mortgage
500 &c
Raz 1.599 1890
Second mortgage gold
1,000
163 1894
First extension mortgage gold $3,254,000__Ce.xe•
1,000
__ 1901
St Louis Division first refunding mortgage_ F.xxo•
1.000
162 1892
Missouri Kansas & Eastern 1st M gold assumedCe.xx
1.000
162 1892
Second mortgage guaranteed, being retired__ _xx
1,000
182 1803
Ce.xxc•
Sh Sh A So 1st M ($20,000 p m) g ass
1,000
130 1890
Kansas City & Pacific 1st M gold assumed __Ce.xc•
1.000
227 1902
A/ K & Okla 1st M $5,468,000 g assumed ---Ce.xc•
1,000
117 1903
Texas&Okla 1st M $2,347,000 gold assumed_Ce.xo•
inn An
lone
c ..
PIrct le. rat nnfna tAll nun nun ,,,,I.1 ,.........,
Gross, $760. 71; net, $181,235
EARNINGS.-6 mos.,f1914
July 1 to Dec. 31. 11913
Gross, 901,513; net, 184,547
Report for year ending June 30 1914, in V. 99. p. 290, showed, gross,
$1.617,566; net, after taxes. $195,646: other income, $164,187; interest,
rents, &c., $318,926; bal., sur., $40.908. Total def. June 30 1914, $970,668. Pres.. Charles E. Ingersoll: Sec. & Treas., H. E. Yarnall. Office.
Franklin Bank Bldg., Phila.-(V. 97, p. 1495: V. 99. p. 1290, 1749.)
MILL CREEK & MINE HILL NAVIGATION & RR.-Min Creek Jct. to
Broad Mountain, Pa., 3.79 m.; second track, 3.79 m.; total track. 60.94 m.
Leased in 1861 for 999 years to Phila. & Reading RR.; lease assumed in
1896 by Phila.& Reading Railway, rental. $33.000 and taxes.
MINE HILL & SCHU LK 1 LL HAVEN RR.-From Schuylkill Haven to
Ashland and Enterprise Jct.. 36.72 m.; 26 track. 18.85 m.; total track,
129.91 m. In 1597 rental reduced to 6% on stock under new lease for 999
years from Jan. 1 1897 to Philo A Read. By. Co.: 2 34% is paid in Jan. and
3% in July. 3.4% being deducted for taxes.-(V. 96. p. 1365. 1423.)
MINERAL POINT & NORTHERN R Y.-Highland to Highland Jet..
Wis., 26.4 miles; trackage Highland Jet. to Mineral Point, 4.2 m.: total,
30.6 miles. Incorporated in Wisconsin Oct. 17 1899. Stock, an issued,
$550,000; par. $100. Bonds, see table above. For year ending June 30
1914. gross, $90,806: net. $11.497: int., taxes. &c., $31,157; bal., def.,
319,660. Pres., M. F. Chase; V.-P., A. P. Cobb, New York.
MINERAL RANGE RR.-Houghton, Mich., to Calumet, Mich.. 14 m.,
Hancock to Gratiot Mine. 23 m.; branches, 28 m.; South Range exten., Keweenaw Bay to Riddle Jct.. 36 m.; trackage. 4 m.; Mohawk RR., 17 m.;
total, 122 miles.
In 1895 paid dividends of 1034%; in 1896. 7%; 1807. 7%; 1898. 34%;
none since. Stock. $1.500.000: par. $100.
BONDS.-Consols for $1,000 are reserved for $3,000 old bonds. Of the
$593,000 outstanding. $339,000 are 5s; the Can. Pac. on June 30 1014 owned
the remaining $254,000 (which are 4s) and the $1.000.000 gen. mtge. 45.
both of which It guar. as to Int. V.75, p. 554. See V.73, p. 556. 616: V.73.
p. 785. In July 1913 $115.000 notes were authorized. V. 97, p. 176. Of
tonnage in 1913-14, 83% was ores and mining products. Equip, trust
notes June 30 1914. $493.599. including deferred interest.
EARNINGS.-For 6 months ending Dec. 31:
Balance.
Other Inc. Charges.
Net.
Six Mos.- Gross.
sur.$43,556
$396,816
$113,956
$3.417
$73,817
1914
def.87,165
172,621
2,422
72.704
def.16.833
1913
REPORT.-For year 1913-14, gross, $514,458; net, after taxes, $30,675;
other inc., $4.897; charges, $111.662: def.. $76,190.-(V. 07, p. 176.)
MINNEAPOLIS RED LAKE & MANITOBA R Y.-Bemidji to Redyb
Minn., 3374 miles. Stock, $100,000; bonds (see table). For year ending
June 30 1914. gross, $52,333; op. def., after taxes, $5,686' int. on bonds,
3
5,000; other charges, $1,567; bal., def., $42,253. Pros.,C. A
A. Smith;
$35,000;
5
Sec.. A. Ueland; Treas., A. L. Molander. Office, Bemidji, Minn.
&
-(See
ST.
MINNEAPOLIS
LOUIS RR.
Map.)-Road Includes:
Road OwnedMiles
Leases (All Stock Owned)- Miles
Minneapolis to Angus, Ta
Ia. C. & W.,Belmond to Algona 37
260
Hopkins, Minn., to Leola. S.D„330
Leases to be MergedCondo to Le Beau, S. D
115
Des Moines & Ft. Dodge RR.•_13734
Winthrop.Minn.,to Storm Lake.154
Trackage
Iowa Jct., Ill., to ManlyJct ,Ia.363
Manly Jct., Ta.. to Albert Lea,109
Branches
129Minn.(owned jointly)
28
• See this company.
Total owned and operated
1 646
Leases to C. R. I. & P., Albert Lea to Iowa Line, 13 m.,incl. above.
HISTORY.-A reorganization In Oct. 1894. per plan in V 59. p. 371
In Dec. 1911 absorbed by purchase the subsidiary Minnesota Dakota &
Pac.(229.6 in.) and allied Iowa Cent. RR.(558 m.). V.93. p. 1668. 1726.
The Minneapolis Terminal Co. was incorporated in Nov. 1913 with
$500,000 stock by officials of the M.& St. L. V. 97 p. 1583.
purchasing the Des
The stockholders were to vote Feb. 24 1915 on'
Moines & Fort Dodge RR.$381.750 pref., $381,750 Ref. & Ext. bonds and
$2.141.550 common stock to be issued for the purpose. Holders of D. M.
& Ft. D. minority stock will receive for each $100 pref. $50 pref. and $50
Ref. & Ext. bonds Minn. & St. Louis and for each $100 corn. $50 Minn.&
St. L. common stock. V. 100, p. 642.
In Aug. 1911 new Interests entered the directory. It is proposed to
extend the Minn. A St. Louis from Watertown, S. flak., to the Canadian
border, about 235 miles, at a connection with the Canadian Northern and
the Grand Trunk systems, the Minn. St. Louts & Canadian Hy. being incorporated in July 1912 with $7,000,000 stock to build the road; also to connect the former Iowa Cent, with the Missouri Kansas & TCXft'l ataMoberly,
through trackage contracts. This would give the Hawley system through
Tex.; also proposed to
route from the Canadian Northwest to Galveston.
construction and connections at Peoria,
make the Peoria line, by some new V.
93, p. 469. 666; V. 94. p. 68; V. 95.
Omaha.
an east-and-west line toGreen
Bay & Western RR.stock, etc.. were allowed
p. 236. The options on
p. 1207; V. 96, p. 487. 947.
to lapse in March 1913. V. 95.
pref. and corn, share pro rata. /n Dec.1911
each.
on
STOCK.-After 5%
Increased from $4,000,000 to $12,000,000 and the
the authorized prref. was
to $18,000,000. Of the stock, $1,917.500 pref. and
corn. from $13,500,000
(per plan, V. 93, p. 1668. 1:324) in connection
$9,370.200 corn, was issued
Central.
with the merger of the Iowa
5
'99. '00. '01. '02. '03. '04. '05toyarJeanly.'10.
1 '97. '98.
DIVIDS.
None
5 5 5 5
Preferred ____ 3 3X 434 5
0
5 5 24
4
14
-None--_
Common
$500
for
addieach,
1,400,
to
1,101
1927. Nos.
BONDS, AC.-Bonds dueassumed
by B. C. R. & N.(now C. R. I. dr P.).
tional to those above, were 1899 is limited to $13.244,000. The mtge. Is a
of
First refunding mtge.
and a blanket lien On rest of property, and
&c.,
road,
of
miles
1st lien on 277
$2,530,000 Des Moines & Ft. Dodge common
Is further secured by deposit of
V. 79. p. 2147: V. 80, p. 2220; V. 87, P. 1420:
stock. V. 68, p. 187. 332;
69, p. 32.
V.
See
V.88. p. 295. 452, 506.
are now secured by deposit of 35.500,000
The $2,500,0006% notes of 1914 V.98, p.304.
1912.
of
5s
M.
of the ref. and ext.

Rate
%

When
Payable

5 g .1
$7.650,095
4g M
7,156,000
160,090
5 g 11
A
5e
91,000
g J
4
3.072,000
6g J
180,000
25.206.800 7 In 1914 A
12,603,400 7 in 1914 A
A
4
11.169,600
4g J
8.136,000
4 (5) .1
286.000
4g J
56.863.000
4g J
3.500.000
M
4g
6.000,000
J
5
394,000
434 A
671,000
474 g 11
720.000
474 g J
765,000
414 g J
2,544.000
5g J
1.152.000
2.054,000 4 & 5 F
5g J
220,000
5g J
3.992,500
Se A
2.500,000
J
5
150,000
49 J
758,500
J
4g
790.000
63,300.300-__._
13,000.000 See text M
4g J
39.999.500
F
4g
20.000.000
M
5g
3.253.000
1g A
1.924,000
A
5g
4.000,000
5g A
58.000
5g J
1.689.000
F
4g
2,500.000
5g M
5.468,000
5g M
2,347,000
4g M
9.992.000

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

&
&
&
&
&
&
&
&
&
&
&
A
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&

D June 1 1938
25 Broad St. New York
,
S Mch 1 1951
do
do
N To May 1 1919 Penn Co for Ins,&c,Phlla
0 To Oct 1 1020
do
do
25 Broad St, New York
J Jan 1 1935
do
J July 1 1932
do
0 Apr 15 '15 34 Minn office; checks mall
do
0 Apr 15 '15 314
do
0 Apr 1 2008
Bank of Montreal, N V
J Jan 1 1926
do
J Jan 1 1936
do
do
J July 1 1938
do
do
J Jan 1 1949
do
New York A London
8 Nov 1 1941
J To Jan 1 1917
do
do
do
0 To April 1 1020
do
S To Mch 1 1921 New York
D To June 1 1922 Bank of Montreal, N Y
J To Jan 1 1923
do
do
Girard Trust Co., Phila.
D To Dec 1923
A Aug 1 1916
1st Nat Bk,St Paul,Mlnn
1922
1
Cent dr Corn Tr A SB,Ch
J Jan
J July 1 1949
Harvey Fisk & Sons. NY
1st N Bk,NY & StLouls
0 Oct 1 1931
J To July 1 1916 1st Nat Bk, N Y & Ohio
St. Louis. 51o.
.1 Jan 1 1951
St Louis Union Trust Co
J Jan 1 1951

&
&
Sc
&
&
&
&
&
&
&
A
&

N Nov 10 '13 2% Checks mailed
1Office, 71 Broadway
D June 1 1990
do
A June 1 1990
du
do
N Nov '1 1944
do
do
0 Apr 1 2(101
do
do
0 Apr 1 1942
do
do
0 Apr 1 1942
do
do
D June 1 1943
do
do
A Aug 1 1990
do
do
N May 1 1942
do
do
S Sept 1 1943
do
do
S Sept 1 2004

dated Jan. 1 1912 ($75.The "refunding and extension" 50-year bonds,
lien on properties now owned,
000.000 auth. issue) are secured by a generalretirement
the bonds of the
subject to existing liens, and, through the first lien on of
the property of said
Minnesota Dakota & Pacific By., became a
extension to the Missouri River,
If. D. & P. Ry., constituting the recent
229.6 miles; they will also be a first lien on contemplated extensions:
$2.500.000 were sold in 1912, and $5.500,000 deposited under the notes
$39,891,000 were reserved
due Feb. 1 1916. Of the remaining bonds,
to retire a like amount of underlying bonds, $1,036,000 to retire equipment
obligations. $11.073.000 for improvements, second track. Ac., $3,000,000
for additional road, branches or
to purchase rolling stock and $10.000,000
487. 631: V. 96. p. 136: V. 98. p.
terminals. V. 93, P. 1688: V. 94, p. 279,locomotive
trust ctfs. in connec6%
1316. In June 1915 issued $251,813
p.586.
tion with purchase of 15 new locomotives. V.100,
GENERAL FINANCES.-The stockholders on March 31 1914 authorized the sale of(a) $870,000 First & Ref. Mtge.4% gold bonds and $750,000
Ref. & Ext. Mtge. 5s of Minn. & St. Louis RR.: (0) $612,000 First & Ref.
Mtge. 4% gold bonds of Iowa Central By. Co.-V. 98, p. 1072. See also
"HISTORY" above.
The $3,072,000 Des Moines & Fort Dodge 4% bonds dated Jan. 1 1905
are guar., p. & I. V. 79. p. 1704. 2696. Also $200.000 Hocking Co. 1st
6s ($600.000 auth. Issue). V. 96. p. 360.
EARNINGS.-For 6 mos. ending Dec. 31:
Other
Net (after
Fixed
Gross
Balance.
6 Mos.Income.
Taxes .
Charges.
Surplus.
Earnings.
$5,316,892 $1,505,230 def.$175,326 $1,066,925 $262,979
1914
def.
141,036
1,336,310
1,041,167
5,024,677
154107
1913
ANNUAL REPORT.-Report for 1913-14 in V. 100, p. 304, showed
results on 1,646 miles:
1913-14.
1912-13.
1911-12.
June 30 Year$9,620,884 $9,707,004 $7,954,116
Operating revenues
Net (after taxes)
2,288,013
2,617,011
1,443,302
Other income
109,147
155,698
108,521
Total net income
2,397,160
2,772,709
1,551,823
Deduct-Bond interest
$2,199,128 $2,052,038 $2,038,498
Interest, discount, exchange, &c_ _
119,389
105,744
91,724
Hire of equipment, balance
322,035
163,033
88,642
Balance, surplus or deficit
.
def.$153,392 sur.$451,894 def.$667,041
OFFICERS.-Pres., Newman Erb; V.-Ps., C. W.Huntington, M1nneap
oils, and F. H.Davis. N. Y.; Treas.. F. H.Davis; Sec., A.C. Doan., N.Y
Office, 25 Broad St.
Directors.-11. E. Huntington, F. II. Davis, Frank Trumbull, Theo. P.
Shouts, A. C. Doan, Newman Erb, W. J. Wellman, F. P. Frazier, Ward E.
Pearson, New York.-(V. 100, p. 55, 304, 308, 398, 474, 556, 642.)
MINNEAPOLIS ST. PAUL & SAULT STE. MARIE RV.-Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North Dakota.
at international boundary line, there connecting with Canadian Pac., 1.040
to Max,305 miles; Glenwood, Minn., to
N.
miles; branches, Hankinson,D.
Noyes, 265 miles; Thief River Falls, Minn., to Kenmare, N. D., 296 in.;
Fordville, N.D., to Drake, N. D., 131 miles; Moose Lake, Mirth., to Plummer, Minn., 193 in.; Wishek, N. D., to Pollock, 70 m.; Brooten to Duluth,
Minn., 187 m.,• other branches, 525 m.; spurs, 8 m.; total July 1914, 3,020
miles; also trackage to Minneapolis, St. Paul (being replaced by line owned;
22 m.; leases
V. 83. p. 38) and Sault Ste. Marie, Duluth and superior,miles.
ExtenWisconsin Central Ry.(which see), 1,059 miles; total, 4.102
construction Sept. 1914.
sion from Plaza to Missouri River, 33 m., under
Owns Lawler to Cuyuna. 37 m.. not Incl. in above. V.91, p. 012, 787.
HISTORY.-A consolidation in 1888 of Minn. Sault Ste. Marie & AU_
Minn. & Pac., Sec. See V. 46. p. 538. 609; V. 77, p. 628.
In 1909 51% of Wisconsin Cent, coin, stock was purchased, affording a
Chicago connection, the road being leased for 99 years from April 1 1909:
$11.169.600 4% leased line ctfs. were Issued (to June 1914), secured by the
Wisconsin Central pref. stock. V. 88. p. 232. 561, 686; V. 98. p. 1668.
Int.on Wise. Cent. 1st & ref.4s($6,000,000 ou t)is guaranteed. V.95, P. 968.
The Central Terminal fly. organized in 1911, on Apr. 1 1914 opened a
' the facilities leased from the Illinois Central.
new Chicago terminal to replace
See BONDS below. V. 93, p. 1463, 1387. 871, 285; V.95, p. 745.
STOCK.-Canadian Pacific in July 1914 owned $12,723,500 common and
$6,361,800 preferred. Preferred stock has atnior right to 7% (non-cum.);
then corn. to 7%; then share pro rata. V. 75, p. 549; V. 92. p. 882.
Stockholders voted Sept. 15 1914 to increase the authorized stock'from
$42,000,000 to $63.000.000. consisting of $42,000,1300 common and
$21.000,000 preferred. V. 98. p. 1993.
DIVIDENDS.- 1 '03. '04. '05. '06. '07. '08. '00. 1910 to Apr. 1915
%." 2 4 4
4
Common
4 6 6
7 yearly
BONDS.-Can. Pac. guarantees 4% Int. on all old bonds
to a
reduction of lint, to 4%;also on consols of 1888. (See V. 50.assenting
p.
784; V 51.
p. 239.) About one-half Minn. & Poe. bonds and practically all other issues
Minneapolis
Sault
Ste. Marie & Atlantic mtge.in
assented. Abstract of
V. 45, p. 243. The consolidated mortgage of 1888. abstract V. 47 p 42,
w
as for $21.000.000 on 800 miles (sufficient of this reserved to ret'ire.prior
bonds) and for $20,000 per mile on all additions. Outstanding amount is
however, restricted to three times the stock. V. 94. P. 351: V. 73 p. 185'
V. 78. p. 820: V. 79, O. 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. As to 2d.4s.
. see
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 45 ($2(J.000,000 auth.) are secured under a joint mtge. with Central Terminal fly. on the terminals for
the Minn. St. P. & S. S. M. and Can. Pac. system lines. They are subject
to call on any Interest date beginning Nov. 1 1916 as a whole at 105 and
must be called yearly, beginning Nov.1 1916.at 10274 by a sinking fund sufficient to retire Issue at or before maturity 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 extensions and Improvements. V.93, o. 1463; V.95, P. 745
EARNINGS (road proper). f 1914_ _ _Gross,$10,334,110; net,$4,443,216
Gross, 10,930,964; net. 4,341894
6 mos., July 1 to Dec. 31. '1i913__Gross,

MINNEAPOLIS & ST. LOUIS
RAILROAD & CONNECTIONS.

RAILWAY STOCKS AND BONDS

*olotb

kasha

U—.0C prim
N: w.GRA/1
Carroll
Ant
trartfrg
DES MoINE
P•

JueltT.
lu r

a Plata
lr.QuIn
Macon

MO.
0. Lenora,
Stockton

Jamestown
•
B
Downs

t

kie

Centralia

86

[VOL. 100.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, etc.. see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

When
Payable

I

Missouri Kansas & Texas-(Con)
Office. 71 B'way, N Y
*1,000 $11,200,000
44 gJ & J Jan I 1936
--- 1906
Gen M $20,000,000 gold sink fund red at par-N.xo`
do
do
J & J July 1 1929
6
1.000
950.000
--- 1889
SW C & Imp 1st If assumed sink fund call 125--Fz
1940
1
()Apr
See text. See text A &
__- 1910
Consul mortgage $125.000.000 gold authorized_x
New York and London
5 g M & N May 1 1915
--- 1913
1.000 19,000,000
Two-year secur g notes *25,000,000 red par_Ce.xo
Office,71 Broadway,N Y
5g M & NiNov 1 1940
1,000 1,340,000
66 1890
Dallas & Waco 1st M $20,000 p m ggu p &I-Ce.xxo*
do
do
225 1892
5 g M & S Sept! 1942
1.000 4.505.000
If K & Tot Tex 1st M $20.000pm---Ce.xxonGu.p.
do
do
1951
1
Noy
N
&
M
4g
I__
&
___
958,000
Pi
1901
s
1,000
Mg
V.73.0.494-Ce.zef
1st
Boonv Bridge
do
do
'23
June'15-J'ne
D
&
5g J
-__ 1913
1.000 1.615,000
EnuIpt trust notes gold $95.000 due s-a call par-Cex
or Philo GP
do
J & J July'15-July '24
5
-__ 1914
646,000
CP
1,000
do Series A $34,000 due s-a
do
Mercantile Tr Co. St I.
z
5g M & N May 1 1915
1912
1.000 1,472,000
Mo & N Ark R R-Rec ctfs $2,500.000 g red 101
Nov 1913 coup not paid
M & N Nov 1 1961
5
100 10.655,200
-_- 1911
Mo Okla & Gulf RR-Ist M $20.000.000 (text)_SSt
750,000
$1.750,000
Ry-Receiver's
certific's
Gulf
&
Okla
Mo
Nov 1913 coup not paid
SSt.cs
350 1904
5 g If & N Nov 1 1944
100 &o 7.007.000
First M 810,000,000 gold
do
do
b g M & N June 1 1925
1,467,000
Second M gold
do
do
1941
5
text
M
1st
See
Tex
1911
of
--By
Gulf
$1.000.000--SSt
Mo Okla &
do
do
5 g M & N Nov I 1944
series A due $34,000 s-a-CiP
do
550,000
do
100 83,251.085 See textJ & J Jan 30 1908 2 Si 165 Broadway New York
--Missouri Pacific-Stook $240,000,000 authorized).
N V
Co.
Trued
Bankers
1938
1
Aug
A
&
F
g
4
284 1868
1.000 6,996,000
Paola° RR of Missouri 1st Id ext in 1888 gold_ _-Ba
do
do
5 g .1 & J July 1 1938
__- 1871
1.000 2.573.000
Second mtge ext in 1891 in gold St L to K C_xo''
do
do
5 g it & N May 1 1938
800,000
--_ 1872
First mtge St Louis real estate ext in 1892 gold-x
500 &13
do
do
13 1873
434 g A & 0 Oct 1 1938
500
237.500
First mtge Caron Br g gu p & I (end) ext 1893-z
do
do
it & N July 1 1938
4
--- 1876
Third M ext 1906 red 105(V 83, p492, 1348)Co-z
1,000 3.828,000
do
de
1
Aug
1920
A
&
F
g
to
Mo.
5
g__z
Sedalia,
Lexington
57
M
1st
650,000
Missouri Pao
1880
500 &()
do
do
.zo•
6 g If & N Nov 1 1920
755 1880
Consolidated mortgage $30,000.000 gold
1.000 14,904,000
do
do
5 g M & S,Jan 1 1917
Un.xo•dcr 1.114 1887
Gold collateral trust
1,000 14.375,000
do
do
1920
1
AlAug
&
F
g
5
700 1890
First coil M *10.000.000 g(V.50, p.669)_Ba.zoor&r
1.000 9,636,000
do
do
4 g 31 & S Men 1 1945
___ 1905
Gold loan (collateral trust) g red at 10234 _Ba.xcsdrr
500 &I) 37.255.000
do
do
5 g J & J July 1 1926
520.000
52 1886
Ler & Caney V 1st Mg gu(V 70. p 1095)assumed_zo•
1,000
do
do
1926
1
Moh
5g M & S
94 1886
Verdigris Val Indep & W 1st M g guar assumed_ _z
806.000
1.000
do
do
5 g J & J Jan 1 1933
K 0 & N W is! M pref "A" g assumed red 105-Baz
162 1894
100 &o 1.024,000
do
do
1948
1
June
D
&
J
g
4
Cent Br U P 1st Mg assum
1,000 2,500,000
100 1898
Un.x
do
do
4 g F & AlFeb 1 1919
Central Branch 1st M gold assumed
Sax
288 1899
1.000 3,459,000
6 g F do A,Feb 1 1938
Kan & Col Pao 1st ref M g go assumed_ _Bo.xo.&r
___ 1908 1.000 &o 3.972,000
Bankers Tr Cep, N Y
5 g M & S Sept! 1959
First & ref M $150,000,00ff red cony text_13.xo•&r* 3.779 1009
100 &c 29.806.000
do
do
1,000
44 1911
500.000
5g F & A Aug 1 1951
Boonville St L& South Ry 1st M g gored 107)4-Eax
Union Trust Co, N Y
1915
1
June
D
&
J
notes
101
gold
red
g
6
eat
at 6% '14--Un.ye
Secured
1.000 24.942000
___ 1911
York
New
Q-M iTo Dee 1916
274,000
Equip Ass'n °Wiens,Ser G & I gold $220,000 yearly
1,000
59
-_- 1905-7
Columbia Tres. Co, N Y
M & N To Nov 1921
b
Equip notes series 2due $147,000 s-a red par_Cex
-__ 1912
1,000 2,058000
Co, N Y
5 g M & N May 1915-1917 Central Trust Co.,
Mo Pao equip bds g $335,000 May 1 y'ly_Col.xc•dcr
1.000 1,005,000
__ 1907
Phils
5
J & D June '15-Dec'24 Girard Truse
970(100
1.000
1914
do
$14.000 s-a to 1919 then $13.000_ _ _()P.c.,
43
REPORT.-Report for year ending June 30 1914 was in V.99. p. 888.
M.K.& T.of Tex.-Owned (1.153 m.)- Kansas City to Paola
4
Year ending June 30Red Riv.to Houston,vIa Ft.W_ 357 Dewey to Bartlesville
1911-12.
1912-13.
1913-14.
7
Piqua
to
Moran
2,741 Denison to Hillsb., via Dallas__ 172
Average miles operated
2,915
2.982
418
87 Wichita Falls Lines
Gross earnings
$18.274,379 $20,968,554 $16,770,700 Whitesboro to Henrietta
Tex
3of
In
T.
.(1.55
&
.
K
M.
(e)
150
to
Shreveport
6,396,142 Greenville
Net after taxes
8,015,489
5,326,095
71
387 WhItesboro to Fort Worth-__
1,058.236 Other branches
Other income
871.051
1,083,244
50
Houston to Galveston
M.K.& T.of Tex.-Oper.(345 m.)3
Ant..
San
Connection.
Pao
Sou.
Tex. Cent.(99% stock owned)_ 309
Gross corporate income
$6,409.339 $8,886.540 $7,454.378
18 Austin to San Marcos (see Int.
Interest on bonds,&c
$2,955.928 $2,750.375 $2,659,855 *Wichita Falls Ry_ __ _'Not
81
416)p.
94.
V.
Nor.;
Gt.
&
19
445.837
owned.
to
Wascom
Shreveportf
445,837
446,764
Int. on Wisc. Cent,leased line certfs124,396 Op.Jotntly(a.)-M.K.& T.Ry.(81 m.)
162.926
153.145
Rental of terminals
27 Beaumont & Great Northern.... 48
805,679 St. Louis to Machens. Mo
882,238
882,238
Preferred dividends (7%)
3,865
Total operated Oct. 1 1914
1.611.358
1,764.476
1.764.476
Dividends on common (7%)
ORGANIZATION.&c.-Reorg.In 1890 without foreclosure. V.49.0.719.
the
authorizing
.$1,807,253
bill
a
sur$206.788sr.$2,880,688sr
passed
the
Legislature
Balance
Texas
In March 1913
-(V. 98. p. 453, 1316, 1993; V. 99. p. 816, 888; V. 100, P. 556.)
Missouri Kansas & Texas Railway of Texas to take over the following
with
years,
twenty-five
than
less
leases
not
for
under
roads
exmiles,
subsidiary
13.54
owning
road
MINNESOTA TRANSFER RY.-Union
assume their bonded or
tending from junction with Clde. BURY. & St. Paul at Merriam Park to Frid- option to complete, extend and purchase, anct to
bonds in exchange for their
ley (with stock yards, &c.); side tracks. 74.65 miles; total, 88.19 miles. other Indebtedness and to give its own stock andCommission:
Texas Central
of
with
RR.
bonds,
approval
Texas
and
Paul,
St.
stock
&
Milw.
Chic.
by
V. 67, p. 956. Stock, $63,000. equally owned
& RR., Wichita Falls & N. W. By., Wichita Falls & Sou. Ry., Wichita Falls
Nor. Pac., Chic. St. Paul Minn. & Omaha. Minn. & St. Louis, Chic. Burl.
Falls
Denison
Bonham
New
By..
&
Wichita
Orleans Itit,
By.,
Made
Well.
&
Ste.
Sault
&
Paul
St.
Minn.
West.,
Great
Chic.
North.,
Quincy. Great
for im- Dallas Cleburne & S. W. BY.. Beaumont & Great Northern RR. V. 96.
and Chic. Rock Island & Pacific. Additional bonds can be issued trustee,
p. 790, 1298. A lease of the roads (total 446.2 miles) has been taken for
provements. &c. Principal only is payable In gold. Mortgage
99 years from May 1 1914,86.000,000 to be expended for Inlets. and extenNorthwestern Trust Co.. St. Paul.-(V. 67. p. 956.)
from Jan. 1 1914. V. 98. p. 523, 999, 1157, 1460:
Ark.. sions within 6 years
MISSISSIPPI ARKANSAS & WESTERN RY.-Owns Blissville,
V. 99, p. 1603. In April 1913 acquired a half interest in the Houston &
*15.010;
gross.
1912-13,
Year
to Vinson. 8 miles. Stock auth.. $220,000.
Tex., to Freeport and Lighthouse, 23.6 miles,
Anchor,
By..
Valley
Brazos
gross,
net, 42.025: int. & taxes. $11,821; bal., def.. $9,796. In 1911-12.
with trackage to Houston,40 miles. V. 96, p. 1022, 1089; V. 97. p. 1590.
$23.222; net. $10,540. Pres.. A. P. Bliss, Saginaw, Mich.; Sea., F. L.
S. Supremo Court on Nov. 9 1914 decided
U.
-The
GRANT.
LAND
Gregory, Blissville. Ark.-(V. 75. p. 442.)
against the company the suit to recover the value of the land grant in former
MISSISSIPPI CENTRAL RR.-Owns from a point 14 miles south of Indian Territory (now Oklahoma), 3.110.400 acres, subject to Indian title.
&
Hattiesburg. Miss., to Natchez, 164 miles, Including the former Natchez
V. 99, p. 1451. See V. 79. p. 903. 1281; V. 81, p. 668, 1042: compare
Eastern,Natchez. Miss., to Brookhaven,66 miles, taken over by consolida- V.67, p. 222; V.55, p. 937; V.61. p. 1155; V.77. p. 2339; V.82. p. 1102;
tion in June 1909. Extension proposed to Gulf of Mexico. Stock auth., V. 84. p. 508. 1248; V. 85, p. 736.
and outstanding, July 1914. $3.940,000: par. $100. Dividends of 6%
DIVIDENDS.-On pref., 1906 to Nov. 1913. 4% yearly (M. & N.):
yearly paid to Oct. 1 1907; Aug.. 1913,1%;Feb. 1914,1%.
98, p. 1316.
Bonds.-lst M. bonds dated July! 1909, limited to $10,000,000, are issu- none since. V.
BONDS.-M. K. dc T. 1st and 24 mtges. 01 1890 (abstracts in V. 51.
able at *25.000 p. m.: they are subj. to call by lot at 110 for yearly sinking
right to land grant, 1,599 miles of road, including line
besides
cover,
at
issue
entire
p.495)
an
as
also
1912;
July!
fund of $300p. m of road covered from
to Boggy Tank (except 71 miles trackage),sundry branches.
same mice They are guar.. p. & (.. by U. S. Lumber Co. V.88. P. 1561. idanntbal. Mo.,
& Southern, but see below.
Shreveport
Sherman
$192,205
and
net,
$458,106;
Gross,
1914
f
mos..
-6
EARNINGS.
Missouri Kansas & Eastern bonds were assumed in June 1896. (V. 63.
Gross, 534,722; net, 222.483
11913
July 1 to Dec. 31.
$4,076.000 St. Louis Div. 1st ref, bonds reserved for retirement
Year ending June 30 1914. gross, $945,741; net. $306,961; other income, p. 30.) issues.
V.72, p. 1034; V.75. p.608.
$81,351; int, on bonds,$205.000: sinking fund,$49.200; bal., stir., 8134,- of both
Sherman Shreveport & Southern mtge.,limited to $3,689,006, all issued, of
117. In 1912-13. gross.$968,536; net. $323.739. Pres., F. L.Pock; Sec.,
pledged under M. K.T. & mortgages. Bonds were as$2,000,000
which
p.
99,
V.
1052.)
1171;
-(V.
Miss.
90,0.
Hattiesburg,
Office,
G.F. Royce.
1034, 1115.
sumed on consolidation in 1901. V.72.p.
Mo.
Riverside,
-Owns
Y.
R
TERRE
BONNE
&
RIVER
MISSISSIPPI
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds, issued
on Mississippi River, to Doe Run. Mo.,46.44 miles. with branches, 18.10 m.; at *20,000 per mile, guaranteed, have been assumed. V. 74, D. 1038:
also 43.44 miles of industrial tracks; total tracks about 108 miles. In July V.75, p. 185. 733; V.'77, p.252; V. 78. p. 48; V. 79. 9.968.
1912 purchased St.Francois County Electric, By. V.95,p. 236.
Of the first and refunding 4s of 1904 (S40,000.000 auth. Issue). *12.037.STOCK.-Stock auth. and outstanding. $3.000,000: par $100. Divs. 000 Is reserved to retire divisional mortgages at or before maturity; balance
paid from 1900 to 1910,67
0; 1910-11. 7%;'11-'12. 6%;'12-'13. 5%•
unissued ($17,523,000) for future purposes. They are payable at the op-.
BONDS.-The $2.500.000 1st M. gold bs of 1911 are secured by a closed don of the holder in sterling, marks or francs. They are a second lien on
first mtge. on the property owned and hereafter acquired except about one- 507 miles of road and on the first mtge. bonds of Denison & Washita Valley
half in value of the equipment, and further by deposit of a *2.500,000 By.,47 miles, and a first lien on terminals and equipment of estimated
20-year 5% note of the St. Joseph Lead Co., the latter having no bonded valu of $24,380,000. V. 79,0.968. 1281. 1332; V.80. p. 222, 712; V.81.
debt, and agreeing to create none during life of note without securing p. 613: V. 82. P. 987. 1497; V. 86. p. 1101; V. 88, p. 158, 295.
the same equally and ratably with all bonds secured under such mortgage.
Gen.434% mort. sinking fund. 2% of bonds yearly from 1911. V. 82.
They are redeemable at 105 as a whole or by lot for a sinking fund of *25.000 p. 218. 334. 692; V. 84. p. 1551: V. 85, D. 346. 654; V. 88, O. 101, 158.
Yearly for first 5 years and $50,000 a year thereafter. V.93. P. 589. 871.
Consolidated mortgage of 1910 is limited to $125,000,000; $66.000,000 reand the remainder are issuable-only under
EARNINGS.-For year ending June 30 1914, gross. $679.110; net, served primarily for refunding
The bonds were on June 30 1914 secured by the Wedge of
other
restrictions.
income.
$250,636. In 1912-13, gross. $777,118; net. $253,784;
$6,509.600 stocks, including $4,776,000 24.K. &T.
8166,374: bond int.. $146,354; other charges, $83.296; dive.(5%).$150. $13.035,000 bonds and1st
5s, *6.8.30.00031. IC. & T. gen. 434s, 11,305,000
Term. Co. of St. Louis
000: bal.. stir., $40,507.
the
Pres., Clinton II. Crane; V.-P., R. R. S. Parsons; Treas., G. S. Parsons; Texas Central pref. and *2,662,300 common stock, and by a lien on
354.Sec., F. H. Dearing. N. Y. Office, 5 Nassau St.-(V. 93, 13• 286, 589, property of the M. K. & T. subject to existing liens. In aune 1914
to
be
authorized
been
issued,
of
had
had
which
consols
*28.860,000
978,000
p.
95,
V.
871:
236.)
been issued. V. 92, p. 725, 795: V. 90. p. 1491; V. 91, p. 336; V. 92. p.
MISSOURI ARKANSAS & GULF RV.-See page 141.
1179. 1375. 1500. The 519,000,000 2-year 5% secured gold notes dated
MISSOURI & ILLINOIS BRIDGE & BELT RR.-Has bridge 2.100 feet May 1 1913, issued to take up $16,000.000 notes due May 1, and for equiplong across the Mississippi River at Alton. Ill.; also 2 miles of road. Owned ment and improvements, are secured by deposit of $24,516,000 consul. 5s.
by Cleve. Cinc. Chic. & St. Louis, Louisville & Nashville, St. Louis Iron V.96, p. 790. 863. 1157, 1229; V. 100.p. 556.
Mtn. & South.. Bait. & Ohio, Missouri Pao., Wabash, Chic. Rock Island &
M. K. & T. or Texas mtge.. 810,000,000. see guaranty. V. 56, p. 604.
pac., St. L. & San Fran., Mo. Kan. de Texas and St. L. Vandalia & Terre
The Southwestern Coal & Improvement Co.'s bonds are guaranteed. MortHaute (Penn. RR. system). Incorporated In Aug. 1904 as successor of the gage ($1,000,000) covers coal lands in Indian Territory; the company also
St. Clair Madison & St. Louis Belt Railroad. V. 79. p. 1642, 681. Stock
2,350 acres additional, Den. & Wash. By., 47 miles, mines &c. In
$2,500,000; outstanding. $187.000. For year ending June 30 1914 owns
May 1913 sold $1.900.000 5% equip. notes. V. 96, P. 1489.
gross,$55,162; net,$32,311; other income. $76,456; int. dr taxes,871.411
-For 6 months ending Dec. 31:
EARNINGS.
bal.,
charges,
other
$39.356;
pros,, Henry Miller
sun. none. Pres.
rentals and
Net
Gross
Other
Balance,
Charges&
88
Sec. & Treas.. W. F. Bender. Lincoln Trust Bldg., St.
Earnings. Increase,
Earnings.
Surplus)
Taxes.
Mos.6
p. 1128.)
$17,202,213 $5,523.508 *92,227 $4,210,704 $1,405,031
1914
MISSOURI KANSAS & TEXAS RV.-(See Map.)-Operates a line with 1913
4,933.399 152.367
913,426
17.480,573
4,17430
Louis.
and
St.
Kansas
at
City
City.
Junction
Hannibal,
terminals
northern
Average miles operated, 3,865 in 1914, against 3,817.
me.. extending southerly across the Indian Territory and the Texas cotton
ANNUAL REPORT.-Annual meeting first Thursday after first Monon the Gulf of Mexico, and to San Antonio,
belt to tidewater at Galveston.
with branches. Mee this company.)
day in April. Report 1913-14 was given at length in V.99, p. 1591, 1602.
Tex., and Shreveport. La..$3,967,800
1911-12.
1913-14.
1912-13.
of the *4,000.000 stock of Texas
Year ending June 30In June 1910 acquiredBONDS below.
3,398
3,825
3,677
Average miles
Central, 309 miles. See Wichita Fails &
$28,186,719
$31.521.188
earnings
$32,346,258
fly,
Gross
and Wichita
Northwestern
the
in 1911 the stock oftogether
418 miles, was acquired,and the Operating expenses and taxes
24,221,640 24,096,316 22,266,030
operating
Ry.,
Southern
Falls &
since Nov. 11912. V. 95. p. 1057.
earnings have been included
Operating income
$7,299.548 $8,249,942 $5.920.689
stock of Beaumont & Great Northern RR.
In Oct. 1912 purchased entire
87.516,827 $8,916,554 $6,277.085
Net income
Tex.. 49.3 miles. V. 95. p. 988.
Livingston.
to
Weldon
extending from
bonds
on
36.124,370 $5,965,362 $5,570,078
Interest
C.
Paola.
K.
to
June.
Kan
Miles.
86
M.K.& T.Ry.-Owned (166 m.) 629 Oklahoma City to Atoka
110.791
interest, &c
68,459
329,424
Other
132
River
579,048
St. Louis to Red
Rentals
565.748
523.807
to
June.
79
Verdark,
Osage
Okla
105
Hannibal, Mo.,to Franklin Jet_
Faills to Guthrie
23
$17,168
K. C.. Mo., to Parsons, Kan- 94 Other branches
Balance, surplus
$539,227 82,316,951
155
Parsons. Kan., to Okla. City__ 203
Dividends on pref. stock
(2%)260,000(4%)520,000(4%)520.000
Junction City to Parsons. Kan_ 158

RAILWAY STOCKS AND BONDS

FEB., 1915.

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AS=1.1=111•WWWIll

88

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES.
[For abbreviations. rte.. see notes on first page]

Miles Dale
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

[VOL. 100.

Last Dividend Places Whet e Interest anc
When
Dividends are Payable
Payable and Maturity

Missouri Pacifie-(Concluded)
1747.
Am Rads Transit equip notes gold not guar-See "Indu atrial Cos" and V 92. p 883; V 95. p
Louis Iron Mt & Southern RYMo Pac System-St
Bankers Trust Co. N Y
& 0 Apr 1 1931
A
g
5
37,263,000
$1,000
Ba.ze•
1,500'81-'87
tinge
($45,000,000)
gguar
Oen cons & first
do
do
5 g A & 0 Apr 1 1931
1,000 5,991.000
gold stamped guar prin 6. Int_ _ze• 1,500 ____
do
do
.1 July 1 1929
do
do
&
J
g
4
30,551,000
1,000
&r
p.xc•
1899
_M
1.543
540,000.000_
gold
ill
refund
Unifying &
do
1933
1
Stay
N
do
&
XI
g
4
771
1003
34,548,000
g-Ba.sc•&r•
&c
1.000
River & Gull Dlvs 1st M. $50,000,000
Union Trust Co, N Y
J & .1 July 1 1952
6
See text
_ __ 1912
lot and ref. If 5200.000,000 authorized_ __ .._ ___x
Q-M To June 1922 Pownsend. Wheien & Co
5
462,000
'05-'13
1,000
Car trusts ser Ser T to V. part yearly
To
1917
June
B'kersTrCo, NY or NAM
Q-M
g
5
1.000 1.098.000
.... 1907
gold $366.000 June yearly_3a.itc6cr
do
do
M & N To Nov 1 1921 Central Trust Co. N %
5
1.000 2,030.000
_-_ 1912
do Ser 2 due 5145.000 s-a red par___ Ce,x
do
Philo
1923
1
Tr Safe D & Ins Co
Sept
S
&
M
5
1,000
semi-ann
472,000
1914
part
do Ser 3 due
do
J & D June'15-Dec'24 Girard Trust Co, Philo
5
1.000
400,000
1914
do $20,000 due semi-annually
do
0
Tr Co. N Y
11916
Apr
Bankers
&
A
6
435,000
1.000
-Ba.zo•
1891
2
assumed
fd
let
June
Little Rock
New York and St Louis
1,000
880.000
5 g A & 0 Oct 1 1923
44 1903
Pine Bluff & West 1st Id assumed red 10 years 105_ _
St Louis and Philadelphia
4 ¢ J & J July 11933
1,000 1.140,000
57 1899
Little Rock & Hot Sp Ist3,1 gold assumed_ __ _SSt
J & .1 Jan 1 1915 2% JPMorgan&Co,NY,&Lon
4
900.000
___ ----100
Mobile & Birmingham RR-Pref stock (5900,000)-_-J P Morgan & Co, 1%1 I
5 g J & J July 1 1945
600,000
150 1895 200. 1000
Ce.c
Prior lien gold 5600.000
do
do
J & J J I.. 1 1 4"
4
150 1895 200. 1000 1.200,000
Ba.c
First mortgage 31.200.000
4%
'14
26
June
Yearly
Washington, D C
1914
in
4
6,017,000
100
Mobile 6t Ohio-Stock
Farmers L & Tr Co. N Y
J & D Dec 1 1927
6
500 &c 7.000.000
472 1879
First II Mobile to Columbus (principal gold)_ _F.ze•
do
do
Q-Jan July 1 1927
6g
1,000 1,000.000
527 1883
First 3.1 exten Columbus to Cairo & branch g__F.ze
Hanover Nat Bank, N It
4 g 3,I & S Sept 1 1938
500 &c 9.472,000
627 1888
General mtge for $10,500,000 (now gold) s f_F.zc•
do
do
5 g F is A Feb 1 1947
1,000 4,000,000
189 1897
Montgom Div 1st M 34.000.000 g(V66.p 1045ICe.zc•
First Nat Bk, Mobile, Ala
M is 15 May 1 1949
5g
200.000
500 &c
38 1899
nobile & B Sh 1st i.d $200.000 assumed gold_F.zo•
F & A 15 To Feb 15 1921 Guaranty Trust Co, N V
5g
720,000
__ _ 1911
1st term and coil tr 1)4 31.200,000 edue $60.000 s-ax
Hanover Nat Bk, N Y
5 g J & D Dec 1 1927
1,000 2,500,000
159 1913
M & 0 St Louis Div M $3,000,000g red 1023 Cexc*
Farmers Loan & Tr, N I
4 g J & J Jan 1 1931
zc
500 &c 4.000.000
159 1886
St Louis & Cairo 1st M gold assumed_
1964
See text
___ 1914
New mortgage $50,000,000 authorized
Farmers L & 'Pr Co, N Y
Id & N May 1 1919
5
498,000
1,000
x
1899
Equip tr Ser "A" sinking fund
do
do
A & 0 Oct 1 1919
5
x
499.000
1.00)
Set "B" sinking fund
1899
do
J & J July'15-July '15 Guaranty Trust Co. NY
4
x
33.000
1.000
Ser "D" last installment
1905
do
do
do
'16
Sept'15-Mch
S
&
M
g
414
s-a
98.000
1915
1.000
x
Sep
to
545.000
"E"
Ser
1906
do
4% If & SSept'15-Mch '22 Bankers Tr Co, N Y
315.000
_ _ 1912
1,000
Ser "F" 522.000 and 523,000 s-a__ ... x
do
5 g M & NMay'15-Nov'23 Bankers Trust Co. N Y
573,000
1,000
Ser "0" $32,000 s.-a.-last 3.$31.11110Ba.x
-:- 1913
do
do
do
5 g J & J 15 July'15-July'24
Ser "H"$50,000 s-a, last three $53,000_ _
1.000 1,009,000
--_ 1914
do
Mobile Terminal & Ry-See Ala Tenn & Nor Ry._ _
New
York
&
-See
Cent
Malone
RR.
R
H
&
Mohawk
Treas. office, Pittsb, Pa
314 g A & 0,0ot 1 1942
k
37 1902
!Monongahela RR-First M $1,500.000 joint guar1.000 1.200.000
Monongahela River RR-Bonds-See B is 0 RR
1
The "first and refunding" bond of the Missouri Pacific Ry. Co., dated
1909, are limited to a total of 5150.000.000. bearing interest to be fixed for
successive issues at not to exceed 5%,and,if desired, with conversion rights
See circular, V. 89, p. 1347: V. 95. p. 813. Subject to call at 110 and
interest on any interest day beginning Sept. 1 1917, either as a whole, or In
amounts equal to the pledged St. L. Iron Mt. is Sou. bonds in case these
last should be redeemed. The Immediate issue consists of 531.981,000 5%
Series A bonds convertible at face value at holder's option into stock at
par from Sept. 1 1912 to Sept. 11932, and within such period up to 30 days
of date of redemption, if called for payment; $29,806,000 Ser. A sold and
$1.972,000 Ser. B deposited under notes of 1911 and 51.300,000 canceled.
Total Authorized Issue of $150,000,000 First and Refunding Bonds.
Issued as Series A 5% convertible bonds (1) 519,700.000 upon
deposit of a like amount of underlying bonds (including
516,715,000 of the $20.687,000 Kan. & Col. Pee, bonds heretofore certified, thus providing for payment of floating debt
$29,806,000
and not less than 54,653,000 for impts.(V.90. p. 1296)
66,293,000
Reserved to refund a like amount of underlying bonds
4,640,500
Reserved to provide premiums, &c.. It required in refunding
Reserved to retire a like amount of equipment obligations__
6.500.000
Reserved for extensions, betterments and equipment and 1st M.
bonds on union depots, stations and terminal facilities under
42,760,500
careful restrictions (see note below)
Note.-Bonds converted into stock and canceled, but only to an aggretate of $40,000,000. may be re-issued for additions, equipment. &c.
The Issue is secured by a direct lien on 3,779 miles first main track and
952 miles of other track, subject to 566.293,000 underlying bonds, also
subject to certain underlying bonds on the entire equipment valued at
$18.621,297, and all other property now owned or hereafter acquired.
They are a first lien at once on 165 miles of first main track and after
retirement, on or before Nov.1 1920, of $43,025.000 of the underlying bonds,
on at least 3,079 miles of the present mileage of 3,779 miles by a direct
mortgage on 1,712 miles thereof, and deposit of at least $38,441,000 of a
total limited to 543,219,000 bonds secured by first mortgage on 1.367 miles
No underlying bonds in hands of public can be extended.
The 524,942,000 3-year 5% gold notes due June 1 1915 (as extended one
year at 6%)are secured by deposit of $25,000,000 St. Louis Iron Mt.& Sou.
1st & ref. 6s and $1,070.000 Iron Mt.stock; $1.972.000 Mo. Pac, 1st is ref.
5s. Ser. B. (non-convert.); $9.800,000 pref. and $15,000,000 Denver & Rio
Grande common stock: $828,380 Texas & Pacific Ry. 5% gold notes, due
June 11915; 5490.000 Concordia Coal Co. 1st M.5% bonds; $150,000 Baring Cross Bridge Co. 7% stock: $125,000 Pueblo Stock Yards Co. stock and
$1.000.000 Western Coal & Mining Co. stock. V.98, p. 1537. 1609, 1694,
1767; V. 95, p. 176; V. 96, p. 1840; V. 94, p. 827. 1057; V. 92, p. 1436.
GENERAL FINANCES.-The company on June 30 1914 owned 37.000.000 Wabash RR. pref. stock and the St. Louis is iron Mtn 12.820.200 pref
and $2,826,200 corn. stock and $2,913,200 1st ref. & ext. 5s. V. 99.p. 748.
In June 1911 Deny.& Rio Grande suspended dividends. V. 92. 1:0• 1836.
Report on requirements of system May 1914., V. 98. p. 1537.
EARNINGS.-6 mos..f 1914
Gross, $31,228,166; net, 97,818,461
July 1 to Dec. 31.
Gross, 32.115,980: net. 7.766,753
11913
Other income for 6 mos. of 1914. $517,847, against $506.676.
111)
3,920
p.
95,
(V.
Total Missouri Pacific and branch lines
ANNUAL REPORT.-Fiscal year ends Juno 30. Report for year end3.365 miles. ing Juno 30 1914, in V. 99, p. 964. 984; editorial, p. 934. Annual meeting
Also controls St. Louis Iron Mtn. & South. and leased lines,
miles.
Is held at St. Louis in March. Earnings for Missouri Pacific System:
Grand total Missouri Pacific mileage June 30 1914. 7.285
of the Denver
1910-11.
1911-12.
1912-13.
1913-14.
The Missouri Pacific Ry. Co. owns about 40% of the stock
to Salt Lake City, Miles operated, average.
7,321
7,235
7,257
7,285
& Rio Grande RR.Co., the latter extending from Pueblo
of the Western Total earnings
559.793,900 $62,155,506 554.503,250 $52,776,593
while the D. & R. G. RR. Co. owns a majority of the stock
to San Francisco. Net earnings
916,671,527 517,456,509 513,222,658 $9,446,656
Pac. By. Co., whose line, extending from Salt Lake City
Francisco.
San
was completed in 1910. making a line from St. Louis to
Net inc. (after taxes)-$16.532,510 517,512,755 $13,130,4321 Comportp. 1705.
ORGAN.-Merger in 1909. V.85. p. 1646; V.89, p. 348; V.91.
14.575,746 14,408,125 12,436.314
son
In 1912 representatives of Speyer & Co., Blair & Co.. John D. Rockefeller Interest
1,541.896
1,673,210 changed.
is miscellaneous 1,882,072
Rentals
1109.
795.
726.
462.
and Deutsche Bank, became directors. V. 92, P.
been
has
General Conference Committee.-A general conference committeeprotective
,562
sill
.733(131,979,092 df$5.232,539
sur.$74.692
Balance
chosen to consider financial readjustment and rehabilitation, the
Pres.. Benjamin F. Bush; Sec. is Treas., II. L. Utter.
committees each choosing two men, viz.. For committee of holders of
Directors.-George J. Gould (Chairman), James Speyer, Edgar L. Mars1st and ref. M.5% bonds, Alexander J. Hemphill and Jerome J. Hannauer;
for collateral 47
° bondholders' committee, Otto 11 Kahn and Benjamin ton, E. D. Adams, Howard Gould, Edwin Gould, Edward T. Jeffery,
Strong, Jr.. and for stock. committee, Frederick Strauss and Robert %Vinson Kingdon Gould, J. G. Metcalfe, Edwin G. Merrill and Finley J. Shepard,
See V. 100, p. 309.
New York; B. F. Bush, St. Louis; S. F. Pryor, St. Louis; J. Lancaster
See plan suggested by Kuhn, Loeb & Co. for raising $35,000,000 cash. Williams, Baltimore, Md. N.Y. office, 165 Bway.-(V. 100, p.309,642.)
$10.000,000 for improvements and new equipment and $25,000,000 to
(2) MISSOURI PACIFIC SYSTEM-ST. LOUIS IRON MOUNTAIN is
meet maturing notes in V. 98. p. 1537: V. 99, p. 538;
100, p 642.
SOUTHERN R Y.-(See Map.)-Owns St. Louis to Texarkana, Ark.,
The Aorotective committees formed in July 1914
. • 197) are: 490
(V.
V.
St. Louis to Thebes. Paragould to Clayton Jct., La., Little
Jr Chairman; Rockmiles;
(a) 40-Year 4% Gold Loan Bonds of 1905-Benjamin Strong99,P
to Lake Charles, La., Little Rock to Oklahoma-Kansas State Line,
B. W.Jones. 16 Wall St.,Secretary; (b) First and ef 5s of 1909-Alexander Gordon.
to Vidalia. La., and Diaz to Carthage, Mo.; total main line
Ark.,
R'Broadway, Secretary; mileage, 2,150.93 m.: branches in Missouri, Illinois, Arkansas,
J. Hemphill, Chairman; Lewis B. Franklin, 140
Louisiana.
(c) Stockholders' Committee-J. N. Wallace, Chairman* C. E. Sigler, 54 Wall 1,035.51
total owned mileage July 1 1914, 3.186.44 m.; trackage and
m.;
st., secretary; (d) Secured Gold Notes Extended to 1915
'-Edwin G. Merrill, uuder lease. 178.68 m.: total operated mileage July 1 1914, 3,365.12 miles.
Chairman; Henry M.Popham,80 Broadway, Secretary.
Sept.
(a)
1914
8
to
voted
acquire
stockholders
trackage rights over
The
DIVS.1'82.'83-87. '88. '89. '90. '91. '92-'00. '01. '02-'07. 1908. None the Texas & Pacific Ry. from Alexandria, La., to Mile Post 9, or from
3
4
None. 21.5 5 yiy. 254 stk. since. Ferriday via Addis to Mile Post 9, with the right to purchase the T. is P.
Per ct.1633 7 yly. 514 4
and
La.,
Addis, 110 miles; (b) to guarantee not exBONDS.-The cansol. mortgage is for $30,000.000; balance unissued is in line between Ferriday,
best. Abstract In V. 47. p. 287.
ceeding $7,500,000 Trans-Mississippi Terminal bonds jointly with the
trust to redeem prior bonds if deemed
due 1917 (Union Trust Co. of New York. trustee) Texas is Pac. Ry., each co. owning half of the stock. V. 99. p. 50, 817.
The collateral trust bonds
of new roads at 512.000 or 515.000 per mile:
In 1910 purchased Arkansas Midland, Little Rock is Hot Springs Westare secured by mortgage bonds
Scott. Kan., to Pueblo, Colo., &c. V.46. p.678 ern, Pine Bluff is Western, St. Louis Watkins is Gulf, Arkansas is Louthese embracing line Fort
under the "first and refunding" mortgage to isiana, &c. V. 89. p. 1543.
limited
are
1905
of
4s
The
they are secured by an equal amount at par of
Owns $23,703,250 of the $24,984,756 Texas is Pacific seconds exchanged
the 537,255.000 outstanding;V.80. p. 712: V. 86. p. 1344: V.
90b
Bond1s"
zed
I
,0e0
i'
autSheoer'
ks.
gold c4
51
60
89. n. 1347
forsT
Iron Mtn. stock. Compare
Kansas db Colorado Pacific made in
the
of
mortgage
$
07000; outstanding, $44,391,299, of
refunding
The first
rn
ari
11
to
f
tel
is
4.)2)
550.000.000
0.00O.00(
1914
30
June
owned by Missouri Pacific. See below.
$44,349,603
1908(V.86. is.229. 286; V.88. p.
underlying bonds)' which
P•
515.544
Including
in.,
p.
to
$30.000
-1902
exceed
1904,10% yearly; 1905.7%; year 1905-06. 14%
DIVIDENDS.
but,of these 516.715.000
were Issued, but
520.687,000 bonds secured thereby
and refunding" 1906-07. 10%: 1907-08, 5%; 1908-09, 4%; 1909-10. 6%; 1910-11. none
new Missouri Pacific
have been pledged under the
to retire underlying bonds at present 1911-12.4%; 1913.4%; 1914, 4%; 1915, Jan., none.
reserved
are
$23,532,000
mortgage;
trust .5s of 1917 and 1920; $6.781,000
BONDS.-General consolidated mortgage is for $45,000.000. Nos.
held by trustee of Mo. Pac. By. coll.
1171; V. 91. p. 337.
11.001 to 18,000 inclusive are endorsed with the Missouri Pacific guaranty of
reserved for eaten. or improvt. V.90,P.
OFFICERS.-Pres.. Charles E. Schaff, St. Louis; V.-P.. C. Haile,
C. N. Whitehead, W. A. Webb, St. Louis; Sec., Carl Remington; Treas.,
Frank Johnson, St. Louis, Mo.; Asst. Treas., J. B. Barnes, New York.
Directors.-Frank Trumbull (Chairman). Charles E. Schad. St. Louis;
Harry S. Black,Stuyvesant Fish, Walter S. Crandell, Henry E. Huntington
Horace E. Andrews, F. II. Davis, New York; Frank P. Frazier, Chicago,
Edward S. Rea, Alfred J. Poor. E. B. Stevens, Kansas. N. Y. office,
71 Broadway.-(V. 99, p. 1591, 1602: V. 100. p. 398, 474, 556.)
MISSOURI & NORTH ARKANSAS RR.-See page 141.
MISSOURI OKLAHOMA & GULF RY.-Owns and operates 229.72
miles of main track and 20.6 miles of sidings, extending from Wagoner to
Denison, via Muskogee and Henryetta; trackage Denison to Sherman, 10 35
miles. Branches. Dewar to Coalton. 5 m.. and Arkansas Junction to
Lowerree, 2.4 m. Missouri Okla. & Gulf RR. (V. 96, p. 1022), Wagoner,
Okla., to Joplin, Mo., 120 miles, completed Dec. 1912 and projected to
Oklahoma City, Dallas and Fort Worth. Oklahoma City Term. Ry.,
auth. stock, $75,000. owns steel bridges over Verdigris and Arkansas rivers
used as toll bridges. V.93. p.469; V. 97, pr. 887.
On Dec. 11 1913 receivers were appointed for the Mo. Ok. & Gulf RR..
Mo.Ok.& Gulf Ry. of Texas and Hans. Louis P.Posner of New York and
Alexander New of Kansas City are now receivers. All Nov. 1913 coupons
were defaulted. V. 97, p. 1823: V. 98. p. 236. In Feb. 1915 authority
was given to issue $1,750,000 prior lien receivers' certificates for improvements, additional engines, re-ballasting and better terminals, of which
$750,000 to be put out at once. V. 99. p. 1366.
BONDS.-Railway 5s of 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. Mo. Okl. & Gulf RR. 5s of 1911 are limited to $20,000.000 at $27,500 p. m., of which $10,000,000 offered in France in March 1912. V. 97,
p. 444. 487, 698. The M.0. & G. Ry. of Texas 5s ($1,000,000 authorized
issue) guaranteed by the M.0. & G. Ry., are secured on the line between
Red River and Denison, Tex., 9 miles; bridge over the Red River under
construction, &c. V. 91.0. 1327; V. 93, p. 1022. Equip. notes Dec. 1913
By. Co., $650,524; RR. Co., $301,732.
EARNINGS.-For 6 mos. ending Dec. 31 1914. gross, $627,161, agst.
$639,609 in 1913; net, $59,536. agst. $69,158. For year ending June 30
1914, gross. $1.171,786; oper. def., $11,369; other income, $16,998; int.,
taxes, &c., $550,495; bal., def., $544,866.-(V. 99, p. 1366.)
(1) MISSOURI PACIFIC RY.-(See Map.)-Operates an important system extending westerly and southwesterly from St. Louis, Mo.. Including
main lines from St. Louis to Pueblo, Colo.,896 miles; Kansas City to Omaha.
Neb., 216 m., and branches in Missouri.itKansas and Nebraska. Through
Neb.
controls, connection is had with
Louis Iron Mt. & South., which
the
Texas and the lines of the Tex. & Pac.. Internat. & Gt. North. and the St.
Louis Southw.. the whole forming what is known as the "Gould System."
Miles.
Miles. Leased Lines, ttc.Lines Owned44
896 Boonville St. Louis & Southern
St. Louis to Pueblo
de
Hardtner
Pacific
10
RyKiowa
216
_
Omaha__
Kansas City,Mo., to
87
Other main lines and branches_2,667 Trackage to St. Joseph, &e_ -

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RAILWAY STOCKS AND BONDS

[VOL. 100.

Last Dividend Places Where Interest and
When
Rate
Amount
Par
Miles Date
RAILROAD COMPANIES
Payable and Maturity
%
Dividends are Payable
Road Bonds Value Outstanding
[For abbreviations. 16c.. see notes on first page]
1
Sept
S
&
M
g
5
1939
Tr Co. N It
;890.000
Empire
;1,000
1909
33
text-Ernxe•
110
red
g
M
-1st
iontana Wyom Ec Sou
1,000
___ 1866
M & N May 1 1926
Goshen, N Y
in•86)
5
130,000
iontgomery ex Erie R y-lst111 (old 7s extendedUP.xcs
b g F & A Feb 1 1963
Union Tr Co, Pittsburgh
1,000 2,695.000
57 1913
KontourRIZ-lstMg$2.750.000red105sfteat
J & D June 1 1964
5
&e £1,028,800
London and Montreal
Sontreal Central Terminal Co-lst M red 105---- 1914 /25.
5 g F & A Feb 1 1958
373,000
Clearfield(Pal Trust Co
1.000
1908
x
Sorehead & North Fork RR-18t111 gold
1 1943
Jan
J
&
U S Mtge & Tr Co. N V
J
g
5
1,200.000
1.000
1903
55
Usm.xo•
text)
gold(see
M
First
TacambaroSerena &
S P Co. 165 B'way, N Y
A & 0 Apr 1 1918
7
1,000 4,935,000
102 1878
Sorgan's La &Texas-First M (N 0 to Morg C)F.zo•
do
6 g J & J July 1 1920
do
1,000 1,494,000
157 1880
Fz
First mortgage Alexandria Extension gold
Bk of Mon Val,Morg.WV
J & J Jan 1 1922
5
40,500
500
1902
forgantown & Kingwood-1st M M25.000
.7 & J Jan 1 1935
Davis Tr Co. Elkins, WV
5
x
1905 500 &o 1,500,000
1st mortgage $1.500,000
J & J Jan 1'l5, 334% Del Lack & Western. NY
7
___ _ _
50 15.000,000
W____
forris & Essex-Stock 7% guaranteed D L &
Del Lack & West, N Y
J & D June 1 1915
7
1.000 9,821,000
Us.xo•&r
119 1875
Cons M to be paid June 1915
do
334 g J & D Dee 1 2000
do
1.000 24,594,000
119 1900
First ref If gold $35.000,000 guar p.81 (end)F.xo•Ea*
do
M & N Nov 1 '14. 2%
4
do
221.000
100
2 ____
Morris & Essex extension stock guaranteed 4%____
5 g M & S Sept 1 1923
285,000
Brooklyn Trust Co, N Y
1.000
-__ 1903
forristown & Erie-First M $300,000 g s f red par_
.1 & J Jan 15'15.215% Reading Terminal, Phila
5
_
282.350
50
YU Carbon & Port C RR-Stock (rental guar) text-_-__
Ogden (Wash) Say Bank
.1 & J Jan 1 1927
6
500.000
'Cif-'I1
fount Hood RR-lst M 5500.000
4 g A & 0 Oct 1 1925
160.000
American Trust Co, Cleve
x
1.000
38 1900
funising-First mortgage gold
Jan 1 1935
5
See text
___ 1910
fuscatine North Ec South-lst M $1,000.000 auth_
1914
1
Oct
0
&
Cont & Corn Tr&SB.Chlo
A
6
__
1.000
1911
425.000
pai
thereafter
bet
101
Oct 1 1913.
Syndic notes call
Winslow, Lanier & Co
5 g I & J July 1 1926
750,000
1,000
37 1886
fluskegon (hand Rapids & Indiana-First M g -.A-ex
US Alta & Tr Co. DI V
4 g J & J July 1 1924
1,000 2,934,000
-- - 1904
Mutual Terminal-lst M gold s II red 102 34-11x.o•
N
&
Nov
Check
M
text
2'14.414i
from Co's office
See
800,000
____
100
14
M_14
Nashua & Lowell-Stock 9% rental 99 years B Zs
_-------100 16,000,000 See text F & A Feb 1'15,2144 New York and Nashville
Nashville Chatt &St Louis-Stock $16.000.000autli
1917
1
Jan
J
&
Hanover
Nat Bank, N Y
J
6
750,000
1,000
1877
125
dsr
and
m)n:).
p
McM
Fayette
($6,000
bra
on
First M
do
J & J Jan 1 1917
6
do
300,000
1,000
29 1877
zo•
First mortgage on Lebanon Branch
do
6 g J & J Jan 1 1923
do
371,000
1.000
43 1883
Cez.o•
First mortgage on Jasper Branch
do
1923
do
1
Jan
J
&
J
g
6
376.000
1,000
1883
46
&r
g___Ce.ze•
First mortgage on Centreville Branch
do
do
J & J Jan 1916 & 1917
6
120.000
1.000
20 1887
1st M Tracy Cy Br due $20,000 yly; rem '17 _zo•&r
do
do
5 g A & 0 Apr 1 1928
1.000 7,608,000
840 1888
mtge ($20,000,000) $20.000 p m gold_Us.ons zo•
C
do
do
1928
1
April
0
&
A
g
4
577,000
1,000
840 1888
do
do
do
25 3.553,750
734 J & J Jan 1915. 3V.,% Nashville
119 --Nashville & Decatur-Stock guar 7ii% by L & N___
vine
Nash
as
Louisville
Sheffield-See
Cc
Nashville Florence
Mercantile Tr Co.StLeuh
1.000 1,000.000
___ 1902
Sc I & J July 1 1932
Nashville Terminal-First M gold lot rent red 105 _ -x
May 1 1949
See text
1909
New mtge $3,000,000 auth (V 98, p 1668)
N
of Mexico. Lend, dce
City
---------------74,803.466
g
National R Ys of Mexico-Corn stock V75.000.000 US
28.831.000 See text F & A Feb 10 '13,2% Office, 25 Broad St. N li•
First pref stock $30.000,000 4% n-o (p & d)
2d pref stock *125,000.0005% n-o (p & d)---------------120.372.802
See text
___ 1907 5, E. &o 84,821,115
434 g I & J July 1 1957
Prior lien M US g red 105beg'17(see text) Ce.xc•&r•
See text
4 g A & 0 Oct 1 1977
--- 1907 5, £ &o 50,748.575
Gen mtge U S gold redeem par (text) guar-N.xo*
principal and interest; form of guaranty was in V. 56. p. 650; they are a
first lien on 1,538 miles. V.68, p. 85. 233, 520; V.78. p. 704. 1224.
The gold 4s of 1899 (first issue $30,000,000) may be increased not over
$10.000.000, at $12.000 per mile, for construction or acquisition and equipment of branches and extensions. They are secured by a lien (subject only
to the general consols) on all the rallroads, terminals and equipment of the
company owned at the time of the making thereof and also a first and only
lien on all stocks and bonds formerly embraced In the trust of the gold funding note indenture, all leased and branch lines, or their bonds and stocks
acquired by the loan, and $23,703.000 Texas & Pacific seconds,future extensions, &rt. V. 68, p. 619; V.70, p. 997,• V. 74, p. 206; V. 78, p. 704. 1224.
The original $20.000,000 River & Gulf Divisions 4s of 1903 were secured
by a first lien on 678 miles of road built or under construction (see above)
and on terminal property at St. Louts, East St. Louis, Cairo and Thebes.
and 8.000 acres of coal lands in Illinois, and deposit of the bonds of the
Union By. of Memphis. Additional bonds may be issued up to a total of•
150.000,000,at not over $30.000 per mile of main 'Major new construction and $15,000 per mile of second track and branches, but not exceeding
the actual cost, and for additional terminals, equipment, double tracks, deo.
V. 76, p. 543. 600, 1085; V. 77. p. 1875; application to list, V. 77, IL
2036. 2049; see also V.85. p.222; V.86. p. 230: V.87, p. 167: V.89. p. 105;
V. 90. p. 850: V.91, p. 39. Pine Bluff & West. 55. see V.78. ro. 103. 769.
The First and Refunding bonds of 1912($200,000,000 auth.issue) have
Interest limited to 6%, of which 527.097.000 are issuable to retire the $11,300,000 improvement bonds and $8.500,000 3-yr. notes dated June 1 1911,
to reimburse the Missouri Pacific for advances and for other purposes.
After 4% has been paid on the stock in any given year. one-third of the
surplus is to be applied to a sinking fund to begin Sept. 1 1915(not to exceed
$1.000.000) to purchase or cancel or reduce bonds. See V. 95. p. 177; V.
94,p. 1250: V.95, p.813. V.96. p. 1157. 1703; V.97. p.445. Rip to June 30
1914 $28.581,000 bonds had been issued (of which 53,581,000 were held in
the treasury or by trustees), and the remaining $25,000,000 deposited
under the $24.942.000 extended Mo. Pac. notes due June 1 1915.
Purposes for which Remaining *172,903.000 Bds. are Reported as Reserved.
Refunding $134,389.000 underlying bonds issued or issuable, viz.:
543,509,000
General cense!. railway and land mtge. bonds
Unifying and refunding bonds
40.000,000
River and Gulf divisions 1st M. bonds
50.000,000
Pine Bluffs & Western RR. 1st M. bonds
80.000
5,928,000
Refunding equipment obligations at maturity
To aid in refund'ir, extencrg or retir'g underlying bd., not over 10,000,000
Future acquisitions and additions, new rolling stock, Ste
22,586,000
EARNINGEL-For six months ending Dec. 31:
Six Mos.- Gross.
Bal.,Sur.
Other Inc. Charges.
Net.
1914
5461.434
$15.809.345 $4,323.867 5409,126 54,271.559
1913
5,628.222 401.690
4,255,061
1.774.851
17,417.209
REPORT.-For 1914, in V. 99, p. 964. 984.
Years ending June 301911-12.
1913-14.
1912-13.
Miles operated end of year
3.314
3.365
3.337
Gross earnings
533,171.859 534.136.598 $30,102,115
Net earn ngs
9,915,129
11,825.569 11.468.986
Other receipts
462,351
497.531
489.822
Total net income
12,315,391 11.931,338 10312.660
Interest on bonds
5,977,525
6,740.640
6,537,509
Taxes, bridge expenses, rents, &c . 2,744,962
2,425.143
2.312,557
Dividends (4%)
1.775,649
1,775,649
1,775,649
Balance, surplus, for year
$346.928
$1,054.140 $1.193,037
DIRECTORS.-Geo. J. Gould (Chairman), Benj. F. Bush (Pratt.).
Finley J. Shepard, James Speyer, Edgar L. Marston, E. T. Jeffery, E. O.
Simmons, J. G. Metcalfe, Albert 11. Wiggin, Jay Gould. Edwin G. Merrill.
S. F. Pryor and C. A. Pratt.-(V.99, p. 121, 675,817, 1529.)
MOBILE & BIRMINGHAM RR.-(See Map Southern Ry J-Moblle to
Marlon Junction, Ala., with branches. 150 miles. Leased to Southern
from March 1 1899 for 99 years, the latter agreeing to meet the interestTO.
on
bonds and to guarantee a dividend on the $900,000 pref. stock of 1% for
first year, 2% for second year. 3% for third year and 4% for fourth year
and thereafter. Of the $900.000 common stock. $894,900 is owned by
Southern Ry., and voting power on pref. assigned to Southern By. during
ease. V.68, p.429, 1134; V.69, 0.391: V. 71, p. 1013.-(V. 72, p. 137.)
MOBILE JACKSON & KANSAS CITY.-See New On. Mob. & Chicago.
MOBILE & OHIO RR.-(See Map Southern Ry.)-Owns from Mobile
Ala.. to Columbus, Ky., 472 m.: Cairo to East St. Louis, 151.6 m.. with
branch to Milistadt. 7.23 m.• proprietary line. Kentucky & Tennessee RR.
to East Cairo. 19 m.• brandies to Columbus, Miss.. &c., 42 m.• Columbus.
Miss., to Montgomery, Ala.. 167 m.: Mobile & Bay Shore Branch, 38 m.:
with Warrior Branch. 9 m.: Warrior South. Ry. (all stock and bonds
owned), Tidewater. Ala.. to Kellerman, 14 m.: Blocton Branch, 13 m.; total
owned 920 m.; trackage, 189 m.,• total June 30 1914,1,122 miles. Mississippi anti-trust suit, V. 95, D. 1403.
STOCK.-Stock authorized. $10.000.000; outstanding, $6.017,000; par
$100. The voting power on 54.084.200 of the stock is exercised by the general mortgage bondholders by virtue of deposit of old debentures of 1879
DIVS. (Since 1908-09) { 1909-10. 1910-11. 1911-12. 1912-13. 1913-14.
4
4
4
4
4
June 30 years
In 1914 the Southern fly. had acenlred $8,259,000 of the $9,472.000
stock,
36.017,000
the
of
55.670.200
Issuing, $ for;, its col_
and
general 4s
for
exchange
M.
the
In
&
0. general 4s, secured
rater& trust 4% gold bonds
by a pledge of the latter and had also issued stock trust certificates for stock,
dividends being payable (A.& 0.)at 4% in perpetuity thereafter.
abstract. V.47.P.83, V.60,p,967.
BONDS.--General mortgage of 1888(limited
DO 53.000.000). dated Aug. 1
The St. Louis Div. 5% gold bonds
former St. Louis & Cairo RR.,subthe
on
mortgage
a
by
secured
are
1913,
the latter of which have
1931,
Jan.
due
4s.
M.
ject to St. Louis & Cairo 1st 1022. 1365. 1773. 1840,
and V. 70,p. 532.
bmn assumed. V.96,p. 554.
a
authorized
mortgage to secure not
1914
25
Sept.
The stockholders on
exceeding 550,000,000 gold bonds. $5,000.000 to construct a new bridge
across the Ohio River at Cairo, Ill. V. 99. p. 343. 197, 748.

First terminal mtge, and collateral trust 53 of 1911. see V. 92, p. 119.
Gross, $5,640,764; net, $1,384,705
EARNINGS.-6 mos., 11914
Gross, 6.686.759; not, 1.677,807
11913
July 1 to Dec. 31.
REPORT.-Report for 1913-14 in V. 99. p. 1289 (ofer. independently).
Years ending June 30.
50 $11,207,732
. $12,377,6
$12,975,431
Total operating revenue
2,931,751
2.719.059
2,463,919
Net over taxes
2,949,032
3.206,370
2,571,863
Net, including ether income
2.524,961
2.486,752
2.564.650
Interest. rentals, &c
(4)240,680 (4)210,824 (4)240.824
Dividends paid
23,738
19,803
10,751
Additions and betterments
def$189.309 surS381.243 sur$172,496
Balance,surplus or deficit
Pres., Fairfax liarrison.-(V. 99. p. 197, 343, 48, 1289)•
"MONON."-See Chicago Indianapolis & Louisville By.
MONONGAHELA RR.-Brownsville, Pa., to Redstone Jct.. etc.. 41 m.,
connecting with the Pittsburgh & Lake Erie and Pittsburgh Virginia &
which guarantee the bonds (see B..80. RR.).
Charleston (Penn.syst.
The stockholders voted Dec. 28 1914 to consolidate with the Buckhannon &
Northern RR., extending from the Pennsylvania-West Va. boundary at a
connection with the Monongahela RR., to Rivesville, W. Va., 32 m., with
5 m. branch to Fairmont. In July 1913 preparations were being made to
issue new bonds when needed for extensions, &c., and purchase of Buckhannon & Northern RR., the authorized issue to be perhaps $10,000,000
V.96, p. 237. Stock,$1,428,0130; par,$100. Penn. RR.and Pittsburgh &
Lake Erie each owns $714,000 stock. Penn. RR. on Jan. 1 1914 owned
5604.000 of the bonds. Cal. year 1913, gross, $1,654,008; net, $947,984,
other income. $2.552; charges, $344,446; diva. (6%). 585.680; bal.. sur.,
$520,410.-(V. 99. p. 1833.)
MONTANA WYOMING & SOUTHERN RR.-Owns from Bridger, Mont.:
on Northern Pacific. to Belfry,and westerly to Bear Creek,about 33 miles,
serving a coal district. Stock outstanding, $1,000,000. Additional bonds at
$25.000 per mile, V. 89, p. 470. Equip. bonds June 30 1914, 240,000:
equip. trust notes,$27,960, due $3,995 semi-an. Year ending June 30 1914.
gross. $179,388; net, $78,434; int., taxes, &c., $56,554; bal., Bur., $21,880.
Pres., Frank S. Gannon.-(V. 89, p. 1281.)
MONTGOMERY & ERIE RY.-(See Map Erie RR.)-Owns Montgomery
to Goshen, N. Y., 10 miles. Leased in 1872 to Erie RR. Rental now
$16,000 per an. Stock, 5150,000. Divs. (434% iper an.) paid May 10 and
Nov.10. S.fd.,$6,500 per an. There are $40,500 2d M.53 due Oct. 11027.
MONTOUR RR.-Owns Montour Jct. to the Mifflin Yards of Bessemer
& Lake Erie RR., 56 miles (incl. 30-m. extension opened Dec. 1914), with
which a contract for traffic exchange and a division of rates has been made.
In Jan. 1914 made a 25-year trackage agreementdovertThompson's Run
branch of Wabash-Pittsburgh Terminal By. V. 98. p. 236. Stock
96,
$1.500.000. owned by Pittsburgh Coal Co. of Pennsylvania. V. 105
p. 286, 861. Bonds, originally $2.750,000 1st 50-yr. 5s, redeemable at
as a whole on and after Feb. 11924. or at 10214 for a sinking fund of $55,000
due Apr. 1 1938
yearly. Equip. trust gold 5s dated Apr. 1 1913,5961,000,
in 4 payments to Apr. 1
and 2917,361 Apr. 1 1923 and $127,958 414s due
$301.411; op. def..
1915. Year ending June 30 1914 (18 miles), gross,$121,674;
bal.. stir_
$307.523: other income, $523.584; total deductions.
98, p. 236.)
594.387. In 1912-13. gross, $292,982; net, $46.430.-(V.
Ky.. 24
Redwine.
to
-Morehead
MOREHEAD & NORTH FORK RR.
out, $260,600; par. $100.
miles; 6 m. branch. Stock. auth., $500,000;
Trust Co., Clearfield,
Clearfield
8373,000;
out.
$500,000:
Bonds auth..
ending June 30 1914. gross. $93.Pa.. trustee; see table above. For year
Pres., W. B. Townsend, Townsend.
632: not, $25.341; charges. $19,731.
Office, Clearfield, Ky.
Wrigley.
W.
John
Tenn. Sec. & Treas.,
& STEAMSHIP CO.-See Map
MORGAN'S LOUISIANA & TEXAS RR.
to Cheneyville. 205 miles:
Algiers
Owns
of Southern Pacific.)-ROAD.
Allen. La.. &c., 53 m.: trackage to
branches. 119 m.; extensions to Port
3
ferries,
Sou. Pac. Co. owns
miles.
m.;
404
total,
m.;
29
Alexandria, &c.,
1906-07, 10%; 1907-08. 25%; 1908-09, 4%;
the $15,000,000 stock. Div.
4%.
1911-12,
6%;
1910-11.
6%;
1909-10,
Gross, $2.385,186; net, $619,012
EARNINGS.-6 mos., (1914
i gross Gross, 2,532,555; not, 675,556
9113
u1n.e 301119
3
gj
inec
odD
July 1 etn
$4.742.576; net. incl. other income.
ar
In 'ear
$1,133,680; deficit after charges. $176,421.-(V. 76, p. 548.)
MORGANTOWN & KINGWOOD RR.-See pago 141.
MORRIS & ESSEX RR.-(See Map of Delaware Lackawanna ct Western.)
-Owns from Hoboken. N. J.. to Phillipsburg. N. J.,85 miles; branch, Denmiles: leases 38 miles: total oper.. 157 miles.
ville to Hoboken. N. J., 34 Del.
Lack. & Western, which guarantees 7%
Leased in perpetuity to
case 30% of gross earnings is sufficient
per ann. on stock and 1% extra inon
to pay all fixed charges and 10%; stock. V. 97.1o. 887. let ref. 31ia,
94, p. 560; V.97, P.887. 1427; V. WO.
V.
1308:
p.
74,
V.
1167;
p.
71,
see V.
p 309, 398, 868. The 89,821,000 7s due June 1 1915 will be purchased by
the 33s reserved therefor held in the D. L. &
the Del. Lack. & West. andD.
L.& W.,with terminal facilities on N. Y. harW.treasury. Important to
bor, but the earnings show a deficit after payment of rental (incl. $1,050.$789,564.-(V.
1908,
100, p. 309. 398, 556.)
In
viz.:
diva.),
000
MORRISTOWN & ERIE RR.-Owns Morristown, N. J., to Essex
branches,
2
2.32
m., total 12.96 m. Stock.
miles;
10.64
Fells, N. J.,
8400,000; par. $100. Bonds, see table above. For year ending June 30
other
$20.288;
net,
income,
$94,262;
$5,078; int., taxes, &c.,
gross,
1914,
$27,336; bal., def., $1,970. In 1912-13. gross, 599,034. Pres., R. W.
McEwan, 11 Broadway, N. Y.-(V.96, p. 1629.)
MOUNT CARBON & PORT CARBON RR.-Owns Mt. Carbon to Port
Carbon, Pa., 2.45 m.: 2d track. 2.39 m.; total, 15.41 m. In 1910 re-leased
to Phila. & Read. 999 years at 5% on stock, taxes, Scc. (V. 89. p.42.)
MOUNT HOOD RR.-Hoed River to Dee. Ore.. 16.4 miles. Stock.
2259 11.10: par. $100. Bonds,see table. Year 1913-14, gross. 575.164: net.
$31.862; other income, $180; int., taxes, &c., $34,622; bal., def., $2,580.
Pres., W.ii. Eccles, Dee, Ore.; Sec. & Treas., H.11. Rolapp, Ogden, Utah.

Ecn., 1915.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, &c., see notes on first paael

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

91
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

National Rys of Mexico (Concluded)Nat RR of Ilex prior lien mtge g call 105,- Un.xe• 1,284 1902 5500 &c $23.000.000
See text
434 g .1 & J Oct 1 1926
First cons M $60,000,000 gold (see text)-_-Ce.xe• 1,534 1902 500 &43 24,740,000
See text
4 g A & 0 Oct 1 1951
___ 1889
Mexican Central-Priority bonds gold red 110__z
1.000 1,374,000
See text
5 g J & .1 July 1 1939
First cons inc & scrip n-cum ($9.600 pm)g A13-.zo• 3,407 1889
1.000
176,600
None paid
3g
July 10 Jan 10 1939
2d cons ino(56.400 p m)red 50% to July'29 AB.zo• 3.407 1889, 1,000
21,000
3
do
Jan 10 1939
x
Car and locomotive rental notes
---------------662.456
1,000
___ 897
Equipment 5s $50.000 redeemable yrly at par_ _x
150,000
5 g A & 0 Apr 1 1917
Old Col Tr Co. Boo & Lon
___ 1899
do ($50,000 yrly par( red 10234 beg '10_0B.xo•
1.000
300,000
5 g A & 0 Oct 1 1919
See text
Ilex Int prior lien £1,200,000 red at par__ Un.xe•ear
615 1897 5100 &o 5.850.000
4 34 g M & S Sept 1 1947
Speyer Brothers, London
First eons M $16,000,000 g not guar_ _Mp.xo•&r
866 1897 $500 eco
705.500
4 g M & S Sept 1 1977
Office, 25 Broad St, N Y
866 1897 500 dte 6,501,000
do g guar stamp subj to call at 95 to Moll 1907_x
do
4 g M 63 S Sept 1 1977
do
1,000 7.000,000
Vera Cruz & Pacific 1st M g red (text)
263 1904
xe*
44 g J & .1 July 1 1934
Office, 25 Broad St, N I'
Pan Amer(Mex-Guat) 1st M(text.)red105gu p&I xc*
1.000 2,003.000
285 1903
5 g J & J Jan 1 1934
See text
1.000 1.484,000
General mortgage guar prin & int
285 1907
x
5
J & J Jan 1 1937
See text
$ 5 5oc 26.730,000
Nat Rys 2-year secured gold notes red par
--- 1913
6 g J & D June! 1915
Cex
See text
45,Szc See text
3-year secured notes $2.460,341 red Par
1913
6
0
J & J Jan 1 1917
Secured gold notes extended
_--746.000
6
June 1 1915
2. &c See text
-__ 1914
Three-year secured notes $1,509,752 red par-....-0
6
J & J Jan 1 1917
See text
1914
Secured gold notes $813.090 red par
6
J & J Jan 1 1917
0
See text
1914
Secured gold notes $3,099,046 red par
6 g .1 & J Jan 1 1917
0
500 eac
-_- 1908
200.000
6 g J & 5 July 1 1958
Nebraska Kansas & Southern-jot mi$4.500.000 g_z
1.000 1,086,000
5 g M & N May 1 1919
204 1899
Nevada-Callferela-Oregon-First }rag $1,500,000 g_x
Moran Brothers. N Y
1.000
Nevada Central-lst M gold non-cum Inc (sk fd) _ Cez
94 1888
750,000
5 g J ea J July 2 1938
314% paid Aug 1914
622.000
6 g J & J June! 1919
,__ 1909 500 &c
Nevada Copper Belt RR-First M 51.000,000 gold_ _z
Boston, Mass
New England-Also New Haven & Northampton-Se e New York New Hay en & Hartf ord
1.000
250,000
12 1904
5 g J & J July 1 1934
New Jersey Indiana & Illinois-First M $250.000 gold
Mech Tr Co,Bayonne,N J
1.000
5 1886
1,700,000
4
F &A Feb 1 1986
New Jersey Junction-lst Id guar $4,000,000_0.zo&r
N Y Central & find River
1.000
25 1907
200,000
5
.1' & D June 1 1927
New Jersey & Pennsylvania-1st II 5200.000 red 105
Corp Tr Co, Jersey City
100 1,500,000
121 ---,
Q-J Jan 1915 24% New London Office
9
New London Northern-Stock
121 1910 1.000 &c 1.500,000
4 ¢ J & J July 1 1940
First mortgage
Ba.xo•&r•
Cp M&M Bk,NY; reg md
35 1905
75,000
4
J .5: 13 1990
West River first mortgage guaranteed prin and Int_
New London Office
51,000 52.500.000
117 1901
5 g J & D Dec 1 1941
New Mex Con-S Fe Cen 1st 3452,500.0(X) g - -PPi.xo•
Pittsburgh Trust Co
New Mexico Ry & Coal-See El Paso & Northeastern Co
241 1905 1.000 &o 8,248,000
5 g F & A Aug 1 1955
New Orleans Great Northern-First M g_ Col.xc•rcr
Columb-KnIck Tr Co. NY
1.000
250,000
--- ---5
F & A To Aug 1 1918 N Y Trust Co, or Butialc
Equip trust ser A (due s-a $25,000 to Aug 1917) _ Nx
100 8,075.300
--- ---New On Mobile & Chic-Corn stock 525.000 per mile_
Pref (p & d) stock 6% n-e $5,000.000 ($5.000 lo m)--------100 1,259.500
_ 1914
250.000
6
Receiver's certificates June 30 1914
Feb 14 1915
1.000 13,613.500
403 1910
First mortgage $35,000.000 ($30,000 per mile) ____x
5 g .1' & .7 Jan 1 1960
July 1913 coup. not paid
MUSCATINE NORTH & SOUTH RV.-Muscatine, Ia.. to Burl ngton;
55 miles. This Includes 4.6 miles trackage, the company owning a
parallel right of way on 4 miles. V. 80, p. 1059. On Sept. 16 1914
Charles E. Voss and E. H. Ryan of Davenport. Ia., were appointed
receivers of the syndicate, and on Nov.25 1914 Maurice Daly was appointed
receiver of the Railway. V. 99, p. 969, 1749. Stock, $450,000; par, $100.
In June 19111 flied a $1.000,000 mtge. to German Trust Co. of Davenport.
Iowa. as trustee, the $800,000 bonds issued thereunder and all of the stock
being deposited under the $425,000 3-year 6% syndicate note issue (which
fell duo Oct. 11914). V.143,1p. 796;V. 90,p. 1677; V.93, D.589,796,1534.
V. 100, p. 398. Foreclosure suit pending under 1st M. V. 99. p. 1749.
For year ending Juno 30 1914, gross. $126,113; net, $3,573; taxes and
hire of orIP., $22,947; bal., def., 519.374. Pres., E. H. Ryan;V.-P. &,
Treas., Chas. N. Voss; V.-P. & Sec., H. B. Holbert. Office, Muscatine,
Ia.-(V. 99, It• 969, 1749; V. 100. p. 398.)
MUSKEGON GRAND RAPIDS & INDIANA RR.-Owns road, Grand
Rapids to Muskegon, Mich.. 37 m.; trackage, G. It. & 'Ind. at Grand Rapids,
3 miles. Operated by G. It. & Ind. lIlt., which was foreclosed in 1895
eonsideration, net earnings. qrork auth.. 3359,0110: par. $100: Issued.
$20.000. Year 1913. gross. $255,133; net inc., $67,200; int., taxes. &c..
$52.884; betterments. $6.804; bal., our.. $7,512.-(V. 90, p. 560.)
MUTUAL TERMINAL CO. OF BUFFALO.-Owns 5.22 acres of land
with 1.486 feet of (tentage on the city ship canal, wharves, freight house
and a steel and brick grain elevator, capacity 3,0110.000 bushels; also all the
stock and bonds of the Mutual Transit Co., owning 12 steamers on the Great
Lakes and the Island RR. Stock $60,000, all owned by the N. V. Cent
& II. R. 1111., Del. Lack & West., Lehigh Valley and Erie, which each,
under agreement of Jan. 2 1905 as amended, guarantee to pay one-fourth
the interest and sinking fund charges on the bonds (the latter $200,000
yearly). Of the bonds ($5.1100.600 total
3444.000 are reserved tot
future uses:$1,622,000 in Jan. 1914 retired by sinking fund. V.89; p.779.
Calendar year 1913.gross,51,611.564; net Income (incl. 517.999
"other")
$350.173; int.. $155.364; bal., sue., $194.809. Pres., Charles M.
Buffalo: Treas., P. H. Silvernail, 143 Liberty St., N. Y.-(V. 89, Heald,
p. 779.)
NASHUA & LOWELL RR.-Owns double-track road from Lowell, Mass.,
to Nashua, N. H.. 15 miles. On Oct. 1 1880 leased for 99 years to Boston
& Lowell. In 1887 lease was transferred to Boston & Maine, which pays
a rental of 573.000 (9% on stock), and in April 1911 received authority to
purchase stock;in Nov. 1906 to 1912 incl.
% extra was paid from accumulated cash surplus.-(V. 83, v. 970; V. 85. D. 1005.)
NASHVILLE CHATTANOOGA & ST. LOUIS RV.-Owns from Chattanooga. Tenn., to Hickman. Ky., 322 m.; branches to Lebanon, &c., 517
m.aleases Western & Atlantic, Chattanooga, Tenn. to Atlanta, Ga., 137
in., and Memphis & Paducah Division of the L.& N..254
' miles. See V.71.
p. 544, 664. 864. Total operated July 11914, 1.231 miles.
ORGANIZATION.-A majority (511.484.100) of the stock was owned by
the Lou. & Nash.. of which 58,862,400 pledged under its mtges. West
& Atl. Is leased from State of Georgia till Dec. 27 1919 at $420,012 yearly.
The Paducah & Memphis Div. of the Louisville & Nashv. RR. Co. is
leased for 99 years from Dec. 14 1895; the annual rental is 5% on the cost
of road and 5% on amounts paid by L. & N. RR.for additions, etc.
Will own jointly with the Chic. Burl. & Quincy the Paducah & Illinois
RR.,which will build a double-track bridge over the Ohio River at Metropolis, Ill., and is constructing a line from Metropolis to Paducah, Ky.. 12 miles,
and will jointly guarantee the bonds 46,000,000). V.99,p. 843, 270, 1289.
STOCK.-V. 96, p. 554; V. 97, p. 176, 1281.
DIVIDEND8.-Since 1894:
'95-'98. '99-'03. '04. '05-06. '07. '08. '09. '10-11. '12. '13-'14. 1915.
4 sely None
4 5 yly
6 534 5 6 y'ly 614 7 y'ly 234.BONDS.-Consol. mtge. of 1888 provides that all prior bonds shad b
paldjoff at maturity; sufficient of the 520.000 p.m. are reserved for them.
Jointly. with Lou. & Nash., guarantees 52.535.000 L.& N.Ter. 45.
EARNINGS.-6 mos., C914
Gross, 55,664,900; net, 5977.766
a July 1 to Dec. 31.
1913
Gross, 6,524,047; net, 1.385,993
ANNUAL REPORT.- eport for 1913-14 was in V. 99, p. 1289.
Years end. June 301913.1911.
1914.
1912.
Gross earnings
512.778,334 $13,317,161 $12.262,675 $12,323,863
Net earnings
3,043,903
2,698,894
2,878,378 2,883,804
Investments. &c
95,427
48.506
76,124
Hire of equip.,rents,&c.
342,521
26
52
9
552,365
30
71
1 .'9
445.912
Net income
53,299.765 53.400.414 53.257,025 53,481.851
Int. on debt and taxes
$823,617 51.223,709 $1.234,327 $1,224,391
Rentals
626.518
626,518
626.518
626,518
Dividend on stock___(7%)1,118.930 (7)698,932(634)649,002
(6)599,079
Balance, surplus
$730,700
5747,178 51,031,863
$851.255
Chairman, E. C. Lewis; Pros,, John Howe
Peyton; V.-P., II. F. Smith;
Treas., J. H. Ambrose; Sec., T. A. Clarkson.-(V. 100, p. 55, 230.)
NASHVILLE et DECATUR RR.-(See Map Lc/Warta!! & Nashville.)Owns from Nashville. Tenn., to Decatur, Ala., 110 miles. Re-leased to
Lou. & Nash. In 1900 for 999 years, the rental being 714% on stock. The
Lou. & Nash. July 1 1914 owned 51,958.850 of the stock.-(V.70. IP• 1195.
NASHVILLE TERMINAL CO.-Owns bridge across the Cumberland
River and 18 m. of track. Leased for 99 years
May 1 1902 to Tenn.
Cent. BR., which owns entire 51,000,000 stock. from
Of the bonds, 51.000.000
had been issued and pledged as collateral July 1914.-(V. 89. p• 1668.)
NATIONAL RAILWAYS OF MEXICO.-Comprises:
Standard Gauge-Owned.
Miles Matamoras to Durango
171
Laredo to City of Mexico
802 branch-lrapuato to Ameca__ _ 217
Mexico City to Juarez City_
1,224 " Guadalajara to Manzanillo 221
Mexico to Rio Balsas
182 San Juan Jct. to Jaral
50
Chicalote to Tampico__ --. _--_ 406 Monterey to Matamoras
206
Tampico to Monterey and Gomez
53
Gonzales to Acambaro
Palacio
548 Jimenez to Rosario
96
Piedras Negras to Sauceda_ -- 238 Other branches, &e
1.300

NATIONAL RAILWAYS OF MEXICO-(Concluded).
Narrow Gauge-Owned.
Cordoba to Santa Lucretia_ __ _ 202 City of Mexico to Acambaro.&c. 173
San Geronimo to Guatemala bar 285 Peralvillo to Beristain (102 m.)- 214
Other lines
138
LeasedControlled-Securities Owned Mites Michoacan & Pacific Ry
57
Texas Mexican Ry.(V.99,p.468) 162
Total incl. In earnings
7 661
LeasedControlled-Earnings separate
Mex.Un.Ry.,Coahuila Coal Ry. 35 Interoc. Ry. and Mex. Sou.__1.047
Total standard gauge
.6,373 Grand tot.(1.342 m .3-ft. gauge)8.027
Lines aggregating 289 miles which parallel other lines are being abandoned
to save expenses; 178 to Oct. 1913. V.96, p. 72; V. 92. p. 1740.
ORGANIZATION.-Organized March 28 1908 under special Act of Congress of Mexico, per plan in V.86. p. 918, 982. The properties of Nat. RR.
of Mexico. Alex. 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, &c., V. 88, p. 1318. Vera Cruz to Isthmus RR.
(340 miles) was merged Nov. 1 1913 and its bonds assumed and the PanAmerican RR.in March 1914. V. 97, p. 1740. 1823; V. 98, P. 1000.
The Mexican Government owns $115,056,367 of the 5230.000.000 authorized 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.
DIV.-1st pf., 1908, 1%;1909,2%; 1910 to Feb. 1913.4%; none since.
BONDS.-The amounts of new bonds and pref. shares which the N. Y.
Stock Exch.agreed to list as soon as issued (V.88. p. 1318)are as follows:
(The amounts actually listed are shown in table at top of page.)
Prior Lien 44% Bonds (5225,000,000 authorized)
Issuable in part exch. for Mex.Cent.bonds, abt _593,494,962
Betterments, equip., retiring equip.°Wig., eac___ 13,005.000-5106.499.962
The remainder of the auth Issue of $225,000.000 is reserved as follows:
(1) 523.000,000 to retire $23.000,000 National RR. of Mexico prior lien
43'4s; (2) 590.324,807 (of which $5,175.193 issued) for extensions, &c.,
as shown in V.86. 1:0• 1319,919.
The right is reserved to issue $6,000,000 additional bonds to take up
51,200.000 prior lien bonds of the Mex. Internat. RR.Co.
Subject to call after Jan. 1 1917 at 105 in amounts not less than 510.000.000. or for cum.sink, fd.sufficient to retire entire issue by maturity.
Guaranteed General Mortgage 4% Bonds(5160.000,000 auth.)
Issuable for Mexican Cent. bonds,cash. &e
$47.765.075
Betterments, equip., retiring equip. °Mtg., ft
12.985,925-560,751,000
The remainder of the $160.000,000 is reserved as follows: (1) 524.749.000
to retire National RR.of Mexico first consol. 4s; (2) 574,500.000 (of which
$7,776,375 issued) for extensions,(amts. &c. See V. 86, p. 1320, 919.
The right is reserved to issue additional bonds to retire an equal amount
of the consol. mtge. bonds of the Mex.Internat. RR.
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 cumulative sinking fund. which Is to retire entire issue not later than 1977.
Of the Mexican International consol. 45, 52,497,000 were in Jan. 1905
reserved for extensions at $10.000 per mile and improvements. The total
Issue of consols is limited
to $16,000.000. The guaranty of prin. and int.
by National RR. of Mexico
under agreement of June 30 1902 stamped on
56.501,00001 the consols has been assumed by the National Itys. of Mexico.
V. 75. p. 185. Prior Ilen 4345.
see V. 65, p. 151. 1071. Consol. 45 of 1897
listed on N. Y. Stock Exch.
Feb. 1898. See application in V. 66, P. 341.
Vera Cruz & Pacific RR, bonds are subject to call at 110 to July
11924.
and on July 1 1924 and thereafter at par. The company jointly guaranteed
Vera Cruz Term. Co. debs. V. 87, p. 39; V. 91, p. 465; V. 92, p. 528.
The 67 2-year secured gold notes dated June 1 1913 (29.160,000 auth.
11184e) are
be ultimately secured by the pledge pro rata of 524.800.000
43% prior lien bonds and $17.000.000 gen. M. 4s. Any of the bonds
pledged may be sold and the proceeds used to purchase or redeem notes.
The $26,730.000 present
were sold to retire the 510.000.000 434%
notes due June 1 1913 andissue
to pay or acquire the $13,000,000 6% notes clue
Nov. 15 1913. The remaining
notes were applicable (a) to the extent of
Not over $1,700.000 toward
the 'payment of interest due July 1 1913 on the
Puior lien bonds and on Oct. 1913
on the gen. M.bonds and (b) to the extent of $730,000 for int. due 1Nov.
15 1913 on $13.000,000 6% notes, int.
due Doc. 1 1913 on note; of this issue
and int. due Jan. 1914 on prior lien
bonds. V. 98. p. 1629: V. 97.p. 176, 1504,
1663, 1739.
In 2)14owing to the interruption of
business
by the Mexican revolution.
rho bondholders were offered in
payment of maturing coupons 6% notes
due Jan. 1 1917 at par, entitled to
deposited
interest
out
securities and available revenues and secured of income from
Pledge of 6% .19-Year
Mexian Govt. treasury bonds of 1913 advanced by
company, viz.:
the
to
(a) To pay the Jan. 1914
on the National Rys. prior lien 4358.
National RR. prior lien 44sinterest
and Mexican Central Ry. priority 54 (not to
exceed $2,460,341 notes dated Jan.
1914. Security. Mexican Govt.
bonds (on which int, was suspended in 1Jan.
1914 for 6 mos.); total limited
to £595,580 at rate of $52 94 bonds for $45 notes.
The July 1914 coupons
($73.810) being defaulted, $267,523 6% redeemable Mex. Govt. bonds of
1914 have been deposited as additional security. See V. 98, p. 74, 453:
V.99,p. 407.675.
(b) To pay the April 1914 coupons on Nat. Rys. Gen.4s and Nat. RR.of
Mex. 1st consol. 4s, not to exceed
$1,509,752 notes. dated April 1914, socured by 6% 10-yr. Mex. Gov. bonds
(5365,470),$100 bonds for $85 notes.
V. 98,1u,. 1072, 1393. 1993. 1749.
(s) To pay the June 1914 coupon on 2-year 6% gold notes and 6% a
months secured gold notes extended to June 1 1914, notes not to exceed
$813,090 secured by 6% 10-year Mex. Govt. treasury bonds (total issue.
£197.530)at the rate of$100 bondsfor $85 notes V.98.p. 1694. V. 99. p.
120. 1749.
EARNS.-12 mos.f'13-'14(Mex.cur.)Gross,$34,069,131; net, $2,286,610
July 1 to June 30. 1'12-'13(Mex.cur.)Gross, 57,370.282; net, 21.126,336

92

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES.
(For abbreviations, etc., see notes onfirst page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VoL. 100.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

196 -__
$100 $6,000,000 1 In 1914 Yearly Sept 4 1914 1% New Orleans, La
New Orleans & North Eastern-Stock 16.000.000-Central Trust Co N Y
6 g A & 0 Nov 1 1915
196 1885
1,000 1,320,000
Ce.xo•
Prior lien mortgage gold
Farmers' L & Tr Co, N Y
434 g 3 & J Jan 1 1952
gold
1902
0,162,000
196
1,000
xo•
F
$8.000.000
General mortgage
(If earned) on Deo 1
1.000 1,500.000 UP t04 34 % gold July 1 1952
196 1902
Income mortgage (non-corn) $1.500,000 gold--N.xr
1 1953
July
3
Guaranty Trust Co. N Y
&
J
g
4
14.000.000
g
--&c
1,000
$15,000,000
1903
M
gu-(1.x0*S3r*
Term-lst
Orleans
New
New Orleans Texas & Mexico-See St Louis & San Fr
Safe Dep & Tr Co,Boston
5 g J & J Jan 1 1941
350,000
22 1911
1,000
Newport & Richford-1st M $350,000 g gu C&P.SB.x•
New York Fe Philadelphia
4 g J & 3 Jan 1 1948
14 1908 1.000 erc 4.185.000
New York Bay-First mortgage $6.000,000 gold_GPx
A & 0 Oct 1914 2)4% Checks mailed
5
650,000
15 --100
N V Bklyn & Manhattan Beach-Pref stook non-cumUS Mtge & Tr Co, N Y
5 g A & 0 Oct 1 1935
15 1885
1000 1.726.000
First cons mtge (now 1st M) gold guar by L I-Ce.o•
- 100249,500.5005 in 1914 Q-J Feb 15 '15. 13's Grand Central Term ,NY
------N V Central RR-Stock ($300,000,000 auth)____Tr
N Y. London & Paris
434 g A & 0 Oct 1 2013
___ 1913 5, E & fr 40,000,000
oRef& Impt M g,to be assumed see text_Cj.c*&r*
Grand Central Ter, N Y
M & N May 1 1935
6
&ter*
See text
Var.
__- 1915
Convertible bonds call 110 $100,000,000
(1) Underlying Main Line MortgageGrand Central Ter, N Y
334 g J & J July 1 1997
NYC & H R RR Ref M $100,000,000 g-Ce.xc*&r 1,828 1897 1,000 &c 94,000,000
do
do
334 g 3 & D June 1 1959
Mtge on Spuyten D & P M g-Ce.
-_- 1909 1,000 &c 2,500,000
do
do
do
do
334 g .1 & D June! 1997
Us.xc*Str
826 1897 1,000 &c 50,000.000
q Lake Shore & M 8 1st M gold
do
do
4 g M & S Sept 1 1928
___ 1903 1,000 &c 50,000,000
Debentures(sec by 2d M)gold_Ce.xe&r
q do
do
do
4 g M & N May!1931
Ce.xc*Str_
dddgld
1906 1.000 &c 50,000,000
(2) N Y C ek H Rio bonds secured by Consorn Mtge etc on. line N Y to Bur falo, &c., a nd (b) B uffalo to Chicago, &c
do
do
334 g F & A Feb 1 1998
__- 1898 1,000 &c 19,336,000
Collateral 3545 (Mich Cent stock as collateral)_CLx
do
do
f354 g F & A Feb 1 1998
b q Lake Shore Collateral 334s
___ 1898 1,000 &c 190,578,400
Cl.xc*&r
do
do
14 g F & A Feb 1 1998
___ 1913 1,000 &c
b q Consol'n M ($167.102,500) Ser A__Ba.xc*Str
do
do
4 g M & N May 1 1934
Delaentures1Junior liens under Con- ---Us.xc*&r*
___ 1904 1,000 &c 48,000,000
do
do
4 g J & J Jan 1 1942
f so dation M of 1913 -- _ -0.se&r
_ 1912 1,000 &c a9,188,000
do
(3) Other New York Central ek Hudson River RR Assum ed,eke Issuesdo
do
2000
1
July
3
&
J
g
354
(V
71.
V
5,500,000
Debentures
69, p 1102;
p 502. 964)
x
-- 1900 1 bond
do
do
1874
Rome Wat & Ogdens 1st M ($500.000 3)4s)---F.ze All
1.000 9,576.000 5 & 334 A & 0 July! 1922
do
do
A & 0 July 1 1922
4
Consol mortgage
419.00
F ax All
1874
1000
do
do
1916
1
Apr
0
&
5g A
Nor & Mont let M gold ($10.000 pm)-- -.....N z
13 1886 --------130,000
do
do
5g M & N May 1 1918
375,00
R W .13 Ogd Term RR first M gold
--ze•
7 1888
1.000
do
do
747,000 5 g & 7 Various May 1 1915
2d M 5sgu z
Osw ec Rome 1st M 7s ($350.000) and
28 '65-'91
assumed__1.000
do
do
1922
4 g J 63 .1 July!
Utica & 131'k Riv 1st M gold guar p Sr l_Ce.zc
150 1890
1.000 1,950,000
do
do
5 g A & 0 Oct 1 1927
zc
New York & Northern first mortgage gold
57 1887
1,000 1,200,000
do
do
1993
1
Oct
0
&
A
g
4
1,000 3.987,000
NY & Putnam cons g gu p & I
57 1594
Un.xeezr
do
do
4 g M & S Sept 1 1991
182 1892
Moh & Mai 1st M $15.000 pm g gu p&i(end)Col xc*
1.000 2,500,555
do
do
334 g M & S Mar 1 2002
Consolidated mtge gold
182 1902 1,000 Oa 3,900.000
Clorc*Str
do
do
4 g J & D Dec 1 1981
earth & Adir 1st M g guar
Un.xc*ter
46 1892
1.000 1,100.000
q To be assumed March! 1915. V. 100, P. 398.
REPORT.-Report for year ending June 30 1913 was in V. 97. p 1729.
1739.showing,in Mex.cur,cony.into U.S.cur. at 50c. on dollar:
1911-12.
.
191 1 .
Gross earnings
$57.792,382 $61,447,791 $61,934,421
Net earnings
21.126,335 23,012,536 22,655.076
Other income
944,892
2,012,821
1,658,652
Total Income
Taxes, rents, &c
Interest charges
Reserve fund
Balance
First preferred dividend

$23.139,155 524.671,188 $23,599,968
$1,793,543 $2,924,439 $3.095,829
20.622,0,1 19.403,457 17.946.269
127,893
124,228
36,178
$687,382 12,360.348 $2,429,977
(2%)!,153,316(4)2,306.632(4)2,306,632

def.$465,934 sur.553.716sun$123.345
Surplus or deficit for year
Chairman of board, Carlos Basave,• Vice-chairman, E. A. de Lima;
: Pres., Luis
Vice-Pres. and Chairman, N. Y. Local Board,
Cabrera. N. Y. office, 25 Broad St.-(V. 100. p. 140, 230, 474.)
NEBRASKA KANSAS & SOUTHERN Ry,-Projected Stockton to Garden City, Kan., 162 miles, &c.; 15 miles from Garden City completed Nov.
1912. Stock auth- $4,500,000; outstanding June 30 1914. $300,000; par,
$100. Bonds, see table above. Pres., J. C. Hopper. Ness City, Kan.:
Treas.. E.J. Williams, Stockton, Kan. Office. Stockton, Kan.
NEVADA-CALIFORNIA-OREGON RY.-(3-ft. yauys.)-Reno, Nev., to
Lakeview, Ore., 238 miles; Plumes to Mohawk, Cal., 37 miles (former
Sierra & Mohawk Ry., merged Jan. 15 1915). V. 99, p. 1366. Stock,
corn., $1.450,000; pref., $750,000, all out. After 5% on com., both stocks
share pro rata. Divs. on pref., 1906, 3%; 1907. 4%; 1908 to 1910, 5%
each; 1911,3%; Sept. 1912,2%. Div. on corn, stock, 1%,Aug. 1909; 1%
Aug. 1910; 1911 to 1914, none.
Report for 1913-14 in V. 99, p. 1669, showed: 'Gross, $367,259; net,
$69,065; other income, $5,123; int., taxes, &c., $90,044; bal., def.,
$15,856. In 1912-13, gross, $403,979; net, $120,346. Pres., Charles
Moran,68 William St., N. Y.-(V.99. p. 346. 1366, 1598, 1669.)
NEVADA COPPER BELT RR.-Owns Wabuska to Ludwig, Nev.,
37.8 miles; Wabuska to Thompson, 2.50 m.: total, 40.3 miles. Incorp. in
Maine Mch. 22 1909. Stock auth., $1,000.000, all issued. Bonds (auth.
issue $1.000.000). Federal Trust Co., Boston, Mass., see table above.
Current liabilities June 30 1913, $229,000. For year ending June 30 1913,
grow.$225,842; net. 5107,688; int., taxes, &c.. $60,093; bal.,sun.$47,595.
In 1911-12, gross, $122,071; net. $30,305. Pres., Samuel Naphlay, Grass
Valley, Cal.-(V. 95. p. 1746; V. 96. p. 1089. 1489. 1630. 1840.)
NEVADA COUNTY NARROW GAUGE RR.-Colfax to Nevada City.
Cal., 2054 miles. In May 1913 control was acquired by Oakland Antioch
& Eastern (Elec.) Ry. Interests. V. 96. p. 1630. Stock, $250,200; par of
shares, $100 each. Divs. paid: In 1882, 3%; 1883,6%; 1903 to 1905. 5'7
1906,10%; 1909 and 1910,2)4%;1911,6)4%;1912,June,1)4 %,• Aug..20;
Sept.,3%; 1913, Aug..2%; Nov.,3%; 1914, May,16%.
Bonds. $162,000 1st 78; int. J. & J. at Wells Fargo Nat. Bank, an Fran.
Bonds are payable in annual installments, increasing from $4,000 in 1920 to
$20,000 in 1924. In April 1914 filed a mortgage to the Union Trust Co. of
San Francisco as trustee to secure $500,000 5% bonds of $1.000 each, due
Apr. 1943,subject to call at 105 for a sinking fund of $3,500 yearly 1920 to
1929.87,500 from 1930 to 1940 and $16,000 1940-1943;int. A.& 0.at office
of trustee; $50,000 outstanding. V. 98.p. 1157.
Year ending June 30 1914, gross. $166,773: net. $45,731; other Income,
$75; bond int., $12,173; bal.sur.,$33,633. In 1912-13, gross, $129,365;
net, $31,230. Pres., Samuel Naphlay, Grass Valley, Cal.; V.-P., J. I.
Walter; Sec. & Treas.. H. A. Mitchell.-(V.98. p. 1157. 1695).
NEW JERSEY INDIANA & ILLINOIS RR.-South Bend to Pine, Ind..
12 miles. Stock. all Issued. $100.000; par. $100. Bonds,$250.000.
Mechanics' Trust Co.. Bayonne. N. J. trustee. Year ending June 30 1914
ross. $85,096: net. $44,411; other income, $564; int., taxes, &c., $39,627;
sum..55,338. Pres.& Gen. Mgr..Clayton Mayo; V.-P., R.0.Scholz;
Sec., H. C. Weppler; Treas. & Gen. Freight Agent, T. A. Hynes. Office,
149 Broadway, N. Y.
NEW JERSEY JUNCTION RR.-Terminal road through Jersey City,
Hoboken and Weehawken. about 5 miles. Leased for 100 years In
1886 to N. V.Central, which guarantees bonds and owns the $100,000:stook.
NEW JERSEY & NEW YORK RR.-Owns from Erie Jot N. J.. to
GarnervIlle, N. Y., 29 miles; branches to New City. .103 ,5 m.' operates to
Haverstraw. &o.. 14 m.; total operated. 48 miles.
R11. In pill 1896
purchased control. Stock. 51,440.800 corn.. $787,800 pref.; par. $100. Controlls with Firer. stock and 1st mtge. till 6% has been paid on pref. for three
years at 5%. V.90,p.914. Year 1913-14,gross,$846,601: net $181,895.
other income, 5539; interest, taxes, &c., $275,231; bal. def., 592,796.
In 1912-13, gross,$844,244; net,$255,682; other income,$2:527; int., taxes,
&c., $255,346; bal., sur., $2,863. In 1911-12, gross, $805,005; net,income,
$283,892.-(V. 90, p. 914.)
NEW JERSEY & PENNSYLVANIA RR.-Whitehouse to Morristown.
N. 3., 25 miles. Frederick V. Pitney of Morristown. N. J.. is receiver.
772. Road being out of repair. operation waa
V. 96, P. 63; V. 90. p.
discontinued Oct. 20 1913. On Jan. 26 1915 application was granted to
overdue receiver's certificates held by Nat. Iron
$7,000
under
road
sell the
Bank of Morristown, N. J. V. 100, p. 398. Stock, $400,000; bonds
authorized, $200,000. For the year 1911, gross. $45,139; net, after taxes.
stir., $4,077.-(V. 97, p. 1024;
514,077; bond interest, $10,000; bal., 1528;
V. 100, p. 398.
V. 98, p. 913, 1845; V. 99, p. 407, 609;
-Owns
from New London, Conn.,
RR.
NEW LONDON NORTHERN
Londonderry,
Vt..
South
158 miles.
to
Vt.,
Brattleboro,
Via
1 1891 to Central Vermont. The rental
LEASED for 99 years from Dec.
after
surplus
small
a
leaves
providing for inwhich
b 5213.552 per annum,
and Improvements met by lessee
terest.&o., and 9% dividends.4s Taxes
bonds
refund
due.
V.
to
90, p. 1677.
$1,500,000
In Juy 1910 Issued
then 8% yearly to 1893
DIVIDENDS.-1888 to April 1892, 7% yearly,
an.)
per
-(V.
(9%
90.
guar.
p.1677.
nd since to Jan. 1915,incl.. 2 Si%

c

La.,
NEW ORLEANS GREAT NORTHERN RR.-Owns New Orleans,Miss..
to Jackson. Miss., 182 miles, with branches, Rio, La.. to Tylertown,
of 285 miles
41 m.; Slidell, La., to Folsom, La., &o., 62 m., making a total
operated, incl. 29 m. trackage from New Orleans to Slidell, La., and other
trackage. 13 m. Stock, $7,500,000. 1st M.. 510,000,000 auth. issue:
outstanding, $7.500,000. Plain bonds and notesJune30 1914. $35,000.
Gross, $817,541: net, $287,155
EARNINGS.-6 mos ,1914
Gross. 980,640; net, 400,128
July 1 to Dec. 31. 1913
Report for year ending June 30 1914, in V. 99, p. 1828 showed gross,
$1,873,613; net, after taxes. 5709,199; other income, $3,572; int. on bonds,
$427,180; other charges, $111.508; disc, on securities, $19,104; bal., sur.,
3154,979. Pres., H. I. Miller; See. and Treas., F. A. Lehr; (len. Mgr.,
R. H. Howard.-(V. 97, p. 1352; V. 99, p. 1828.)
NEW ORLEANS MOBILE & CHICAGO RR.-Operates 403 miles, viz.
Moblle,Ala.,to MiddletonTenn_3691Ellisville Jet. to Ellisville, Miss__ 7
Beaumont, Miss.. to Hattiesburg 271
ORGANIZATION.-Successor Dec. 11909, per plan V. 85. p. 1577; V.
87, p. 1664, to Mobile Jackson & K. 0. and Gulf & Chicago, foreclosed.
On Dec. 19 1913 Pres. William F. Owen was made receiver. V.97. p. 1898.
Receiver's certificates outstanding June 30 1914. 8250,000.
The St. Louis & San Fran. and Louisv. & Nashv. bate in 1911 acquired a
joint controlling interest in the stock. A traffic agreement has been made
with the New Orleans & Northeastern By., under which the latter will attend to business offerings to or from New Orleans, &c. V. 97, P. 1352:
V.93, p. 1464; V.94. p. 351; V. 96. p. 132.
Protective Committee for 1st and Ref. 5s.-John W. Platten, Chairman;
V. Ehricher, 55 Cedar St., Sec.; U. S. Mtge. & Trust Co.. depositary).
V. 96, p. 1630; V. 97, p. 1840.
There are also outstanding $33,000 old Mobile Jackson & K.C. 1st50-year
(not tax-exempt) gold 5s, due June 1946: int. J. & D.; Central Trust Co..
N. Y., trustee. Of the pref. stock, $740,500, in addition to the amounts
shown as outstanding above, were in the treasury Nov.30 1914. See V.94.
p.351; V.93, p. 871; V.94, p.488. Miscellaneous car trusts June 30 1914.
$89,102.
Gross, $918,526; net,5252.462
EARNINGS.-6 mos.,f1914
Gross, 1,153,350; net, 451,696
11913
July 1 to Dec. 31.
REPORT.-Report for year ending June 30 1914, in V. 99, pt. 1525
(403 aver. miles), showed gross, $2,204,370; net, after taxes. $667.487;
int., rentals, &c., 5776,118; bal., def., $108,631. In 1912-13 (535 aver.
miles). gross revenue, $2,490,052; net, after taxes, $658,623.-(V. 99.
p. 1452, 1525.)
NEW ORLEANS & NORTH EASTERN RR.-New Orleans, La., to
Meridian, Miss., 196 miles. Stook, $6,000,000 (par $100), of which
55.336.300 and $5,595,000 gen. 434s and $1,500000 Incomes were held in
Jan. 1914 by Ala. New Orleans Texas & Pacific Jet. By.(V. 74, p. 681.)
DIV.-(%)f '03. '04. '05. '06. '07. '08. '09. '10. '11. '12. '13. 1914.
1
5
Yearly (Sept.)1 3 3 334 5 6 4 5 654 654 5
Of the gen. 434s.51,372,000 are reserved to retire the remaining prior lien
bonds and $4466,000 for future needs.
Gross. $1,758,336; net. $409.209
EARNINGS.-6 mos., 11914
Gross, 2,109.175; net, 507,269
11913
July 1 to Dec 31.
REPORT.-For 1913-14. in V. 99, p. 1666.
Int., etc. Dividends. Balance.
OtherInc.
Net
Gross.
Yr.end.J'ne30.
1:360.000 568,929
1913-14 _......$3.975,710 $737,594 $97,116 $705.781
213,636 583.533 5%)300,000 81,367
1912-13 L..-- 3,764,458 751,264
., Larz A. Jones.
yearly.
($3300,000)
5%
of
div.
From surplus paid
-(V. 100. p. 309.)
terminal
property
extensive
-Owns
CO.
NEW ORLEANS TERMINAL around the city, leased to the St. Louis &
at New Orleans and a belt railroad
July
from
11003,
rental
yrs.
covering
99
for
Ry.
Southern
and
San Francisco
taxes and Interest, Southern Ry.
all expenses of operations, maintenance,
owned half of the 52.000,000 outstanding
and St. Louis &San Francisco each
guaranteed the bonds, but the St. L.
stock (55,000.000 auth.), and jointly
in payment of one half of the int, then
& S. F. on July 1 1913 defaulted
had
forfeited its one-half share. See
1914
May
in
held
Court
the
due and
V. 98, p. 304, 1460; V. 86, p. 721; V. 88,_P• 564; V. 92, p. 660; V. 97, P.
1898. Pres.. D. D. Curran.-(V. 98, p. 304, 763, 146(1') )
NEWPORT dr RICHFORD RR.-Owns from Newport. Vt., to Canadian
Leased for 99 years from June 8 1881 to
line near 'Milford, Vt.,22 miles.
Montreal & Atlantic Ry., in turn operated by Canadian Paola° By.; rental
$18.000 a year. Stock. $350,000. mostly owned by Connecticut & Passumpslo Rivers RR.(Boston & Maine system), which guarantees the new
$350,000 let 5s, principal and interest. V. 91. p. 1026.-(V. 91. p. 1026.)
NEW YORK BAY RR.-Owns from Kearney Junction, N. J., to
Waverly, and from Waverly to the bulkhead line at Greenville piers, on
New York Bay, 11.02 miles, with 2 branches, 2.57 miles; total, 13.59 miles.
Stook. $6.000,000, all owned by Penn. RR.. with Dec 3111313. 33.100.000
Dec. 31 1913, $250,000; debt certfs..
of the bonds. Mortgages payable
&
1. yt82.)
0
2.
K
.09
0
BRp
R.K86.
OV
Y(
W.000
N.E
356
MANHATTAN BEACH R Y.-Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island). and branches
Oct. 1
to Bay Ridge and Greenpoint, 15 miles. Leased for 99 years fromRental.
1885 to the Long Island RR. Co., which owns majority of stook.
Interest on bonds and 5% on pref. stock. Common stock. 5350.000.
L. I. RR. has attached to the bonds its unconditional guaranty of principal
and interest in addition to facts as to lease.-(V. 83. p. 1348)
(THE) NEW YORK CENTRAL RAILROAD.-(See Maps pp. 96 and
97.)-Owns in fee direct line from New York to Chicago. 948 miles (four
tracks N. Y. to Buffalo, thence two tracks), and numerous branches, the
total mileage owned in Feb. 1915 aggregating 3,525 miles. Also owns stock
control of the West Shore RR. (leased), N. Y. to Buffalo and thence to
Chicago. via (a) Michigan Central RR. and Canada Southern RR. and
(b) New York Chicago & St. Louis RR.(Nickel Plate Line). By similar
control of the Pittsburgh & Lake Erie RR.the Cleveland Cincinnati Chicago
& St. Louts By.and other companies, has close running connection to Pittsburgh, Columbus, Cincinnati, Indianapolis, St. Louis, &c. Total system
owned, controlled, dec., Feb. 1915, 12,1326 miles, viz.:

FEB., 1915.j

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c., see notJs on first page]

Miles Date
Road Bonds

Par
Value

93

Amount
Outstanding

Rate
%

2300,000
300,000
250,000
600.000

5g
5g
3
4

J
J
J
M

& 3 July 1 1931
& D June 1 1942
& J July 1 1932
& N May 1 1959

Grand Cent Term, N Y
do
do
Am Each Nat Bk, N Y
Grand Cent Ter, N Y

4,850,000
15.150,000
400,000
3,500,000
1,000,000

4g
4g
5
6
4g

J
J
J
J
A

& J July 1 1950
& J Jan 1 1956
& .1 Jan 1 1940
& D Dec 1 1932
& 0 Apr 1 1946

Lincoln Nat Bank, N Y
Treas Grand Cent Term
co
do
do
do
do
do

When
Payable

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

•

New York Central RR (Concluded)Carth Water & Sack Har 1st Mg gu p & I (end)__x
29
Gouverneur & Oswegatchie 1st M g gti p &i-Unor
c
13
Little Falls & Doigeville first mortgage
x
Geneva Corning & Southern 1st Sr ref M
(4) Bonds of Other Companies Included in Merger of Jan
Indiana Illinois & Iowa 1st M gold
IC.xc•
203
Chic Ind & South consol M gold
Ci.xc•&r
337
Kalamazoo & White Pigeon 1st
assum--_
37
Pine Creek 1st M go prin and lotMendorsed Un.xcr
76
TerminalRy (Buffalo) 1st M 21,000,000 gold_ N.xc*
11
(5) Note, &c., Issues of N Y Cent & H Riv RR an d Lake
N Y Central & Iludson River RR gold notes
do
one-year notes
do
sterling one-year notes
do
6 fmos.&1-yr notes (220,000,000 dueApr 15
___
Lake Shore 1-yr notes (int discounted in advance)_
_
-_
do
do
(do
do
do
do
__
do
do
nine and 12-mos
NY Cent eq tr (B & A)$500,000 notes
due
(6) Guar Securities of Lake Shore & Mich
Southern,
zc*&rbut see
Battle Cr & Stur 1st M gold guar p & Iyrly_Ci.
(see
Cent)
41
Sturgis Goshen & St Louts 1st Ai gold p & I .I.1
guar__z
29
Kalamazoo Allegan & Gr Rapids stock rental guar_
58
First mortgage guaranteed
Un.c
58
Erie & Kalamazoo (leased) stock Toledo to Palmyra
26
Jamestown Franklin & Clearfield elk rental
guar__
___
1st Ai $25.000,000 anti' guar
0.xce
&r•
Cleveland Short Line Ry stock rental guaranteed__
10
First mortgage gold guaranteed
Oxc*&r•
_
Lake Erie & Pittsburgh stock rental guaranteed. _
28
First mortgage guaranteed
Cixc*&r
-_New York Central LinesJoint eq tr g $2,000,000 an (V 86, p 920) (1.zo• &r
--do
do $2,000.000 an (V 90, p 914) (LW 3cr
___
do
do due $1,000,000 yearly
Q.zo*,scr
___
do do due 21,600,000 yearly
(3.zc*Scr
---

1891
$1.000
1892
1,000
1902
1909
1 1915
1900
1,000
1906 1.000 &c
1980
1,000
1885
1,000
1896
1.000
Shore Cos1912
1914 $1,000&c
1914
1914
1,000
1914 ____ abt
1914
1.000
1914
1912 $1,000&c
V100. p 398
1889
1,000
1889
1,000
_-.„
100
1888
1.000
---50
____
100
1909 1.000 &c
_-_100
1911 1.000 &c
-__100
1911 1.000 &c

79,000
322.000
610.000
840.000
300,000
3,000,000
11.000.000
4,750,000
11.800,000
2.150,000
2.150,000

1907
1910
1912
1913

16,000,000
20.000,000
12.000,000
21,602,000

1,000
1.000
1,000
1,000

&o
doo
&o
&c

20,000,000
1,509,000
1,911,000
38,051.000
20,000,000
1,425,000
15,000,000
6,500,000

4% g M & N May 1 1915
5
M & 8 Sept 15 1915
None
Oct 15 1915
5
A & 0 Apr-Oct '15
None
None May 15 1915
None
Sept 5 1915
5
Sept-Dec '15
43 g A & 0 Oct 1915-1927
3 ¢ J & 13 Dec 1 1989
3 g J & 13 Dee 1 1989
6
A & 0 Oct 1914
5
J & J July 1 1938
10
F & A Feb 1915, 5%
Q-3 Jan '15. 1 II%
5
4 ¢ J & I) June 1 1959
5
A Fe 0 Oct 1 1914
435 g A & 0 Apr 1 1961
5
434 J & D June 1 1961
5 g AI
4)4 g 3
4% g J
435 g 3

Grand Cent Ter, N li
do
do
do
do
do
do
New York

Lincoln Nat Bank, N 1
Grand Cent Term. N 1
do
do
do

do and Lon(

63 N Nov 1915-1922 Guaranty Trust Co. N 3
& J Jan 1 1916-25
do
do
& J Jan 1916-1927
& 3Jan 1 1916-28 New York and Londe]

NEW YORK CENTRAL RAILROAD (Continued.
for from the proceeds of bonds. Not more than
of bonds can be used n the acquisition of bonds one-third of the amount
(1) Operated Directly, 6,041 Miles of Road. 14,777 Miles of Track
or stocks of other companies. After 2500,000.000 of bonds shall have been
Lines OwnedMiles.
Lines Leased, etc.Miles.
bonds
can be issued without the vote of stockholders. issued, no additional
New York to Chicago
948 Jamestown Franklin Sc Clearf'd* 123 must receive
Each issue of bonds
approval of RR commissions rod P. S. Commissi
Branches
2,567 Mahonlng Coal KR
ons.
71
In Feb. 1914 authority was given to issue
Stock Owned (to be Merged)Detroit Hillsdale & S W
$70.000,0
ref. and impt.
*65
series
A
or B 414s, redeemable at 110 on any interest day 00
Sturgis G & St Lords
29 Fort Wayne & Jackson
on 3 mos. notice.
*98 to retire the 230,000,000 bonds which matured
Elkhart & Western
March 1 1914 and $39.662.12 Detroit Toledo & Milwaukee__ 47 000 additional one-year
notes falling due in 1914, of which 240,000,0
Lines Leased,etc.(*See this co.)- Battle Creek 3z Sturgis
00 was
7 sold in April 1914, an option being taken
West Shore*
the remaining 230.000,000.
479 Cleveland Short Line
*20 V. 98, p. 387, 611, 690, 1245, 1393; V. 99.on
Troy & Greenbush•
p. 1052, 1131. 1367.
6 Lake Erie Alliance & Wheeling- 88
The
Ref. & Impt. M. is (1) a lien next to the lien of the Consolida
New York & Harlem*
136 Erie & Kalamazoo RR
tion
22 Mtge.(see below) on the properties, &c.,covered
New Jersey Junction*
by that mtge. (2) A first
5 Kalamazoo A. & G. R
58 lien on the leases of the Beech Creek Extension,Geneva
Boston & Albany*
Corning&
Southern,
393
Operated under Contract(merged in Jan. 1915), New Jeresy Junction and Wallkill Valley
Dolipwille & Salisbury Ry
4 St. Lawrence & Adirondack*-- 56 subject to
railroads,
the outstanding bonds of each. (3) A first collateral
Beech Creek RR.*
165 Trackage, &c
lien on
473 $500,000 2d Mtge. bonds of Beech Creek
Beech Creek Exton.RR.,&c.*_ 136
RR. and
0 Consol. Mtg.
48 of the Beech Creek Extension RR.companies. $3,964,00
Walkill Valley
(4) A
lien on33
Total in earnings
6,041
Pledge of Stock oened in- Pref. Stock. Corn. Stk. Pref.first
Iss'd. Com.Iss'd.
N.Y.At Harlem BR.(par $50)$1.112,250 25,083.550
Controlled-Operated Separately-7,056 Miles of Road.
$1,343.950 $8.656,050
West Shore RR
10,000,000
10,000.000
Michigan Central*
1 800 Peoria
Eastern By
352 Beech Creek Extension RR
5,329,000
5,329,000
N.Y.Chic.& St. Louis RR.*__ 523 Toledo&
,Sz Ohio Central
443 New Jersey Junction RE,.....
100,000
100.000
Lake Erie & Western*
905
Kanawha & Michigan
The
shareholders will vote Mar. 1 1915 on (a) assuming the obligation
177
Clay. CM.Chic. & St. L.Syst_*2,014 Zanesville & Western
s
90 of the Refunding & Impt. Mtge. and extending the lien thereof to all the
Cincinnati Northern*
245 Toronto Hamilton & Buffalo
railroads,
franchises
and other properties acquired by the consolidation of
91
Pitts. & Lake Erie System*
224
Jan. 1 1915, (but subject as to part thereof to prior lien of
334% Lake
Chicago Kalamazoo & Saginaw 45
Total oper. separately
13,097 Shore collateral bonds of old N. Y. Central and the Consolidation Mtge.
Detroit & Charlevoix
42 Grand total Jan. 1915,less 271
Series A bonds; see last-named mtge. below), viz.: Lake Shore & Mich.
Indiana Harb. Belt (V.93,p.164) 105
So.
miles duplicated
Terminal By. of Buffalo, Ch. Ind. Sc So., Geneva Corning
12,826
Sc So., Dunkrk
ORGANIZATION.-The New York Central RR. Co.
All. Sc Pitts., &c.; (b) on executing a supplemental indenture
was
formed
further
in
exDec. 1914 under laws of N. Y., Ili. and Ind. by consolidat
ion, effective tending the lien thereof to the railroads, franchises and properties of the
Jan. 1 1915, of the N.Y. Central & Hudson
River RR.(as enlarged in 1913 Toledo Sc Ohio Central and other companies to be included in merger vote
by the absorption of Rome Watertown & Ogdensbu
of March 1 1915(see above),if as and when acquired by merger or
otherwise.
branch lines-see bond table above) and its leading rg and other New York
Western subsidiary, the Bonds Issued or Issuable for Retirement of which Refunding
Lake Shore & Michigan So. Ry. Co..
and Improvement
and several minor controlled PropMortgage
erties, Chic. Ind. & So., Dunkirk All. Val.
Bonds
are
Reserved.
& Pitts., Term. Ry. of
&c. See consolidation plan in V. 96, P. 1425;
1st M. of 1897, due 1997 [the Company reserves
V. 98, p. 387. 1393;Buffalo,
the right to
V. 100.
Issue the remaining 26.000.00
p. 140. March 1 1915 the shareholders will vote
also on absorbing:
$100,000,000
Consolidation Mtge. (see above)01
Jamestown Franklin & Clearf. RR. Cleveland Short
dated
1913.
due
1998
167.102,400
Line Ry. Co.
17 divisional issues of N. Y. Cent. Sc Hud. River
Elkhart & Western RR. Co.
RR.shown at
Sturgis Goshen & St. Louis Ry. Co.
top of page
Toledo & Ohio Central By. Co.
Zanesville & Western Ry. Co.
29.509.000
Old bonds of Lake Shore and other companie
s absorbed Jan. 1 '15
Securities Held-Controlled Properties.-The consolidation of Jan.
(7)
1 1915 N. Y. Central 4s due 1959, mtge. on Gen. Corn.& South. RR_
brought into the treasury securities of a book value
600,000
of about $218,000,000, Convertible 6% 20-Year Bond
Issue
75% of which investments represented affiliated or controlled steam
of
$100,000,
000
Dated
May 1 1915.
These bonds will be convertible into stock at the
roads,
in a number of cases the entire stock issues which are not currently quoted.
rate of $100 of stock for
$105 of bonds. between May 1 1917 and
May 1
The book value of stocks which are currently quoted was in Feb. 1915
They may be called
about for redemption on any interest date at 110 and1925.
$100,000,000 compared with a market value of over 2125.000,
int.
upon
Income but, if so called. they may be converted into stock up to 90 days' notice,
during the calendar year 1914 from the stocks then owned 000.
30 days prior to
represented a date of redemption. Denom. c* $1,000; r*
return of about 4.64% on total invest., including issues paying
$100, 2500, $1,000. $5,000 and
210,000. See "General Finances" below and
no My.
V. 100. p. 556, 643, 593-4.
Partial List of Stock Holdings and Dividends Received Thereon in 1914.
Consolidation Mort. $167,102,400 Secures Without
-Amounts Owned- -Total Outst:nding- Divs. 1914
(1) Equally by Lien Prior to that Securing the Debenture Increasing Debt
Pref. Stks. Corn. Stk.
Pref. &Ia.
sCorn. Stk. to N.Y.C. (a) N. Y. Cent.
%, Lake Shore coll,
Mich. Central
$16,819,300
of 1894-1998_ __-190,578,400
None $18,738,000 $672,772
[Over 268,000,000 of these depositedbonds
N.Y.0.&S.L.28,778,000
for exchange;see below
6,240,000 $16,000,000 14,000,000
None (b) N,Y.Cent.3%%
Mich.Cent,coll, bonds of 1898-1998Pitts. & L. E_
14,994,250
None 29,988,000 1,499,425
--- 19,336,000
(2) Equally by Lien Subsequent to Lien of Aforesaid
Mah •CoalRR - 399,500
865,900
661,367
1,500,000
539,515 (c) N,Y.Cent, debentures of 1904,
0.0.0.&St.L_
due 1934
30,207.700 10.000,000 47,056,300
(d)
218.000,000
N.
Y.Cent,debentures of 1912. due 1942
Lake E. & W_5,930,000
5,940,000 11,840,000 11,840,000
(e) 4% Consolidation Mtge. bonds
Tol.& Ohio 0_3.701,400
dated. Aug. 1 1913 and due 9,188.000
5,846,300
3,708,000
6,500,000
Feb.
1
1998.
issuable in series A,B, and D only to refund
Reading(1st pf6,065.000[. 9,852,500 28,000,000 170,000,000 1,601,400
above collateral bonds and debenture 0resepctive
Co.... 12dpf14,265,000
ly see below
42,000,000
The Consolidation Mortgage covers,s,
N.Y.StateRys.
by a lien ranking ahead
600 13,604,300
19,952,400
3,862,500
680,245
the aforesaid
Refunding &
Moh. Val. Co.
ent Mortgage, the lines owned inof1913
5,114,300
None
7,500,000
306.858 those then broughtImprovem
(incl.
in
by
consolidat
ion), 75% (3.750 shares) of the stock of
Also stock of West Shore N. Y. & Harlem. &c. See "Stocks Pledged" Hudson River Bridge
The New York State Railways Co. (see "Electric Railway Section") is New York & Harlem, Co. at Albany and the leases of Troy & Greenbush.
West Shore and Beech Creek railroads.
the company's trolley ally owning, controlling or leasing
On the main
some 656 miles of line between New York and Buffalo there is no
electric railway in N. Y. State. Compare V. 100,
lien ahead of it except the
$100,000,000 1st M.of 1897;and on the
p. 399, 475.
railroads
ted in 1913, such
STOCK.-In the merger of Jan. 1 1915 the auth. capital stock was made as the Rome Watertown
Sc Ogdensburg, Mohawkconsolida
Sc Malone, &c., there are
$300.000,000 and 2249,500,000 thereof was issued as follows: N. Y. Cent. no prior liens except the old underlyin
Central's 2100.000,000 1st mortgage. g mortgages thereof and the N. Y.
& Hud. River RR, stock, par for par, 2225,581,066;
Lake Shore & Mich.
Over
75%
Sou. Ry. minority stock, ($4,706,900). $23,534,500;
of
the
Lake
Shore
collateral
minority
stocks (when the
bondholders had on April 11 1914
in other subsidiaries, $474,934.
option to do so expired) consented
to an exchange, $ for S. for
Dividends on stock registered in London are payable
Series A Consolidation M. 45.
In Feb. 1915 this exchange
at 4930. to the $• ing. V.
was still pend96,
In July 1912 the Oregon Short Line (Union Pacific
p.
1424;
V.
98,
p.
1245, 1393, 1695; V. 100, p. 556.
system) owned $20.The shareholders are to vote
000,000 N. Y. Central stock. V.84. p. 52, 571; V. 89,
March 1 1915 on making an
p. 411.
secure the payment of (a) the 33.4
indenture to
DIVIDENDS[ '96-99. '00-'06. '07. '08. '09.
%
gold
'10. '11. '12-'14. 1915.
(b) by secondary lien thereunder so manybonds Lake Shore collateral, and
4 y'ly 5 y'ly
(%)•
of the 4% Consolidation Mtge.
6 534 5 5% 54 5 y'ly Fob., 134 Gold Bonds, Series
A. as may be issued to pay
During the 15 years 1900 to 1914 the stockhold
and
retire an equal amount
received regular annual of 3 % gold bonds, Lake Shore collateral,
dividends of at least 5%. In every year since itsers
by a lien upon the railroads
incorpora
other properties formerly owned by the
and
N. Y. Central paid dividends of at least 4% per annum. tion in 1869 the Ry.
Lake Shore Sc Michigan Southern
Co., and also on the property of its four
former
Refunding 5c Inlet. Mtge.for New Capital and Debt Unificati
subsidiaries, viz.: Det.
Monroe Sc Toledo RR. Co., Northern Central
on.
Mich. RR.
The purpose of the Refunding and Impt. Mtge. is to provide for future Pigeon RR.Co. and Swan
Kai. Sc White
Creek Ry. of Toledo., such lienCo.,
financing of the N. Y. Cent. & Hud. River and the consolidat
to follow the lien
company, thereon of the Lake Shore Sc Mich. Sou, 1st M.330
of 1897 and the $100,and for the unification of the debt. The bonds are issuable ed
000,000 Lake Shore debenture (now mortgage
series.
in
all
) bonds of 1903 and 1906.
due Oct. 1 2013, but bearing date of April 1 or Oct. 1 next preceding the See old Lake Shore
bonds below.
date on which the series is authorized, and carrying interest at such
OLD BONDS OF N. Y. CENTRAL Sc
subject to call at such dates, and prices, and with such provisions as torates.
HUDSON
RIVER RR.-First
version, &c., as shall be fixed for successive series. V. 96, po. 1424. con- mortgage is for $100,000,000, covering the original road
owned, and, by
The amount of bonds which may be issued under the Ref. and Imp. M. supplemental deed, the 1,019 miles of lines (Rome Watertow
n Sc OgIsnot limited to a stated amount, but is determined by standards set up densburg,&c.) merged in 1913. V.77. p.452; V.86, p. 1043.
1101; V.88.
p.506;
v.94,
mortgage
itself,
p.
and
those
208; V. 96,
standards are believed to be such that a
in the
1424.
Collateral trust 33.4s of 1898p.
bondholder will be indifferent as to the amount of bonds which
were
secured
by
deposit
of
outstanding under the mortgage, so long as the standards are may be Shore Sc Mich. Sou. and Mich. Central RRs., respectivestock of the Lake
ly, at
complied $100 of L. S. Sc M. S.
with. The amount of Ref. & Impt. M. bonds outstanding cannot
for each $200 of bonds and $100 of the rate of'
exceed stock for each $115 ofstock
three times the amount of the capital stock as from time to time increased
bonds. On merger of Jan. 1 1915 the Mich. Cent.
.
Shore
collateral
$500.000,
3345)
the
of
000
in so far as not exchanged for Consolida former (Lake
After
bonds shall have been issued, not more than
tion Mortgage
are to be a direct (third)
80% of the cost of improvements, additions or new property can be paid 4s
on the Lake Shore
the "Consolidation Mortgagemortgage
properties. See
" above. V.96,p. 1424; V.66,
p.336.811.

94

[VOL. 100.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page)

stook
New York Chicago & St Louis-Common
Second preferred stock (5% non-cum)
First preferred (5%, non-cumulative)
Ce.xo•&r
First mtge gold (closed)
0.xo•dor•
Debenture bonds 310,000,000 gold _
_beg Aug'18_
(1.y.c*r*
N Y Conn RR-1st M g red 105lien
M gu p & LN.gxe•
N Y& Greenwood Lake-Prior
New York & Harlem-Common 14%,10% guaranteed
Preferred stock 14%. 10% guaranteed
Refunding mtge (now first) $12,000,000 g (Ise'&r
N V Lackawanna & Western-Stock guar 5% (end)_ _
F.xo•
First mtge guar by Del Lack & Western
Construction mtge guar by D L & W (end)„-F•xo•
Third M Term Imp ($5,000.000) guar p &I(end).F.x
New York Lake Erie & Western-See Erie Rh
N Y& Long Br-Gen M (now 1st) $2,500,000 g-Ce.o•
New York New Haven & Hartford-Stock (see text)Debentures ($5,000,000 are 4s) non convert-x(380r
x
Debentures (for F H & W) (V 78. p 2335)
Debentures (for N Y 0 &W)(V 80, p 2458) _zir &r
xo*dor
(see
text)
convertible
Debentures
z
Debentures not convertible
x
Debentures 145.000,000 francs ($29.000.000)
Debentures 339.029,600 gold cony (text) __ __ztcr
Notes secured by coat $20,000,000 red 102S5
Notes $10,000,000
NY Prov & Boston gen M (now 1st) g assum_zc&r
Housatonic con M (13.000.000) g (assumed)_F se
N Eng cons (now 1st) Ai 17.500.000 5s g gu_Ba.zo•
N Y & NE Boston Term 1st M $1,500.000-AB.zacr

Miles Date
Road Bonds

505
___
--33
146
146
136
214
214
214
214

1887
1906
1913
1896
____
-__
1900
____
1880
1883
1890

Par
Value

100
100
100
1.000
1,000
1.000 &c
100 &c
50
50
1,000 &c
100
1,000
1,000
1.000

Amount
Outstanding

Rate
%

When
Payable

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

Central Term, N Y
14.000.000 See text March Mch 1 1913 4% Granddo
do
11,000.000 See text M & S Mch 2 1914 214
do
do
5,000,000 See text II & S Mch 2 1914 234
Union Trust Co, N Y
4 g A & 0 Oct 1 1937
18.777,000
NY
Term
Central
Grand
1931
1
May
N
&
4g M
10.000.000
Amer Each Nat Bk, NY
414 g F & A Aug 1 1953
16.000,000
50 Church St, New York
5 g M & N May 11948
1,471,800
Central Term. N Y
8,658,050 See text See text Jan 2 1915'5% Granddo
do
1.343,950 See text See text Jan 211915 5%
do
do
12000.
May
N
&
M
g
3)4
12.000,000
Q-J Jan 1 1915 114 Del Lack & Western,N Y
5
10,000.000
do
do
J & J Jan 1 1921
6
12,000,000
do
do
F & A Aug 1 1923
5
5,000.000
do
do
M & N May 1 1923
4
5.000.000

S Sept 1 ;941
1,000 2,500,000 4 g & 5 M & 30
38 1801
134%
100 180,017,000 See text Q-M S Sept30'13
--- ..__
Mob 1 1947
&
M
4
1,000 10,000,000 3 35 &
-- '97-'01
3 34 A & 0 Apr 1 1954
500 &o 10.000,000
1904
.7 & J July 1 1955
4
1.000 15.000,000
--- 1905
334 J & J Jan 1 1956
100 do::: 9.765,450
-- 1906
M & N May 1 1956
4
15,000,000
1906
A & 0 Apr I 1922
4
--- 1907 500frs&c 27.985.000
& J15 Jan 15 1948
6g
- __ 1908 $100 &c 39,029.000
M & N May 1 1915
5
1,000 19,927,000
1914
6
See text
_ - 1914
4 g A & 0 Apr 11942
1,000 1,000,000
62 1892
5 g M & N Nov 1 1937
1,000 2,839,000
87 1887
Si J July 1 1945
1,000 17,500,000 4 g & 5 g .1 Si
363 1895
0 Apr 1 1939
A
4
1.000 1,500,000
- -- 1889

Liberty Nat Bank, N Y
Co's office, New Haven
Lincoln Nat Bank, N 'Y
Second Nat Bank, N H
Lincoln Nat Bank, N Y
Second Nat Bank, N H
Lincoln Nat Bank. N Y
Paris, London, &c
Second Nat Ilk,NewHav
New York or Boston
Central Trust Co, N Y
Farmers' L & Tr Co, NY
Safe Dep & Tr Co. Boston
Coup, office; reg mailed

W.K.Vanderbilt Jr., Ogden Mills, Robert S. Lovett
OLD LAKE SHORE & MICHIGAN SOUTHERN BONDS -The Horace E. Andrews. and Frank J. Jerome.-(V. 100, p. 474. 556, 643
shareholders will vote March 1 on (a) assuming the $50.000,000 1st M.334s Leonard J. Hackney
Lines equip.
to
thereof
lien
the
NEW YORK CENTRAL LINES.-The N. Y. Central
of 1897 (see abstract, V. 64, p. 1182), also on extending
lines
Co., trusts cover engines, assenger cars and freight cars used by various
the railroads, &c., formerly owned by Det. Monroe & Toledo RR.Swan
and int.. the
prin.
pay
to
agree
severally
and
Co.
RR.
and
jointly
Pigeon
White
which
system
the
of
Northern Central Mich. RR. Co., Kal. dr
1598.)
p.
99,
-(V.
Shore.
Lake
Central and
Creek R. Co. of Toledo: (b) assuming the obligations of the mortgage larger part being for N.Y..
of New York
dated July 1 1914 securing the 25-year 4% gold bonds of 1903 and 1906,
NEW YORK CHICAGO Si ST. LOUIS RR.-(See Map
State Line.
aggregating $100,000,000 (two issues. $50,000.000 each) and extending the Central Si Hudson River.)-Owns from Buffalo, N. Y., to Illinois
m.:leases the
494
leaving
Creek.
Silver
and
Dunkirk
bet.
lien thereof to the additional properties named under "a.'
m,
8
leased
except
Western
Crossing.
guaranteed
Grand
to
company
line
State
Iii.
Central
Y.
N.
old
RR.,
Line
GUARANTIES.-The
Bi- proprietary line. Chic. Si State
total, 512 m.; trackage In
'Transit Co. 3;4s for 31,000.000 due Feb. 1923; $2.500,000 Clearfield
10 m.; also leases Dunkirk to Silver Creek, 8 m.;Ill.
9 m.
RR.).
p. 45, 164.
Sh.
(Lake
Chic..
Crossing,
Gr.
and
m..
tuminous Coal Corp. 430, West Shore RR. 45, &c. V. 93.
Buffalo, N. Y., 134
common.
Additional Lake Shore guaranties not shown above, see Detroit Hillsdale
STOCK.-New York Central Railroad Co. owns 86.240.000 After
5%
stock.
& S. W. and Ft. Wayne & Jackson.
preferred
1st
$2.503,000
$6,275,000 2d preferred and
below.
common stock, all classes of stock share alike.
EQUIPMENT BONDS.-See "N. Y. Central Lines" to
provide equip- dividends on the $14,000,000
1914.
In Oct. 1912 made an equipment trust for $7,500,000
1913.
p. 1072. DIVS.(since'06). 1907. 1908. 1909. 1910. 1911. 1912.
Mar.. 2)4ment for the Boston & Albany. V.95, p. 1040, 1332, 1403; V.98.
5 yearly
First preferred__
1 on authorizing Second
234
GENERAL FINANCES.-Shareholders will vote April
preferred_ 4 -5% yearly (2.35% s. a.) -4-Mar.,
a prein
described
None
bonds
- -3% yearly Mar.
-None
_____
the issue of 3100,000,000 6% 20-year convertible
Common
will be offered at
dividends were paid. V. 99. p. 538.
no
1914
Sept.
ceding paragraph. These bonds, already underwritten,
In
payable 50%
par to shareholders of record at 3 p. m. April 1, subscriptions
BONDS.-First mtge. abstract, V. 45, p. 541. The debenture 4s will
will be used to retire an
V. 88. p. 1062.
May 1, 25% Sept. 1, 25% Oct. 1. The proceeds
and the be secured by any new mtge. V.82. p.693; V. 86, p. 1344;
1915.
during
maturing
obligations
company's
the
of
amount
equal
paid
Feb.8 1910 made 4% 5-year equipment agreement. V.90, p. 772.
heretofore
On
that
as
same
the
substantially
be
interest on the bonds will$1,982,317
net,
$11,294,971;
by
Gross,
for
provided
be
will
EARNINGS.-12 mos., 11914
on the notes. All unfunded debt maturing in 1915
Gross. 12.393,873; net, 2,659.037
which is held $19,000,000
11913
Jan. 1 to Dec. 31.
this issue, except less than $22.000,000, against
the
1919
and
1918
a freight
1917,
1916,
Principally
During
1528.
of quick notes of other companies.
REPORT.-Report for 1913 was in V.98,0.
These
out of 312.342,000.
total maturing debt,funded and unfunded, is less than $11,000,000.
594. line, freight in 1913 contributing $10.340,596
556,
p.
100,
V.
1911.
payments.
trust
equip,
1912.
current
1913.
include
not
do
amounts
Year ending Dec. 31is
$12,342.000 312,226,237 $11,258,008
The extent to which the capacity of the property has been increased
Railroad revenues
32,850.085
$3,114.139
$2,215.245
Indicated in the following comparison of gross revenue from the combined
income
1908, Operating
149,834
219,192
224.943
rail operations of the companies mentioned, viz.: 1903, 3112.679,000:
to 1914, the Other income
3131.745,000; 1913, 3179,689,000. During the 15 years, 1900
$2,999,919
$3,333,331
value of the equity behind the bond issues was increased by about 3167,52,440,188
Gross corporate income
price
000,000, partly through the sale of $123,000,000 stock at an average
$1,154.868 31,158,841 31,161,893
Interest on bonds
322,957
of 103.6 and partly through earnings invested in the property, but not Hire of equipment, other rents, &c
392.630
457,746
100,p.556.
V.
see
since
1910,
&c.,
,
improvements
of
800,000
resume
For
capitalized.
800,000
800,000
1st
Div.
and
on
2d
Pref.
(5%)
1914
for
returns
(3)420,000
In Feb. 1915 President Smith said: "The complete
(4%)560.000
stock
on
common
Div.
are not yet available, but it is natural to expect that some failing off in net
3295.068
$421,860
Income will be reported for that year on account of the decline in business,
$27,574
Balance, surplus
inwhich has affected almost all railroads. During 1915, however, the will
President, Wm.H. Canniff.-(V. 98, p. 1528 V. 99. p. 538.)
creases in freight rates recently granted by the I.-S. C. Commission
Interadding
the
in
for
become effective, and on the basis of 1914 business will result
NEW YORK CONNECTING R12.-To own a new routeand New York
about $3.500.000 to the company's income. Further increases in passenger
change of passenger and freight between the Pennsylvania
stook.
become
$3,000,000
shortly
will
hoped
rates which are now pending, and which it is
New Haven Si Hartford RR., which own the entire
696. Road
effective, will still further add to income. The rentals received from the Expected to be completed in summer of 1916. V. 98. p.
with the Long
Grand Central Terminal amount to about $2,000,000, which should in- will be about nine miles long, extending from connections
I. City, via
L.
near
Penn. RR.
crease as further improvements are completed and become productive."
Island RR.and the East River tunnel of theMorris,
N.Y. (V.97. Ei• 1504.)
Port
Its own bridge at Randall's Island. to auth.
have been
EARNINGS.-For 12 months ending Dec. 31:
$16,000,000
Issue),
4355 (330,000,000
PennsylNew York Central & Hudson 1914__Gross, $95,559,818; net, $24,339,563 Of the 1st M. gold
int., jointly and severally by the
1913__Gross, 104,095,523; net. 24,436.248 sold, guaranteed. principal and
1504. 1427:
River RR
97,p.
-(V.
RR.
Hartford
Si
Haven
New
1914„Gross, $16,491,442; net. $4,180,291 vania RR. and N. Y.
Boston &
1993.)
P.
98.
968.-(Y.
p.
95,
V.
1913Gross, 17,719,565; net, 4,568.142 V.98,0. 1072. 1245, 1316; V.94, p.706;
Albany RR
RY.-(See Map of Erie ER.)Lake Shore & Michigan 1914__Gross, $51,524,286; net, $13,824,935
LAKE
D
GREENWOO
Si
NEW YORK
42 m., and branches to
1913__Gross, 59,353.110; net, 15,607,713
Southern Ry
Jot., N. J., to Sterling Forest.
Hill to Orange, N. J., 4 m ;
3680,063 Owns from Creston
Chicago Indiana & South- 1914„Gross, $4,205,196; net,
m.; Watchung Ry., Forest
701,209 Ringwood, &o., 8
par, $50. Leased to Erie RR. for
ern RR
9 3__Gross, 4,487,659, net.
$100,000;
Stock,
m.
54
total owned,
lien bonds are guaranteed, prin. and int..
REPORTS.-For constituent cos. in 1913. see V. 98. p. 1065. 1066, 999 years from May 1 1896. Prior of
guaranty. V. 85, p. 483,
form
1077. 1030; V. 100. p. 556.
by Erie See V.63, P. 513;
N. V. Cent. Si Hud. Rte. RR.)-(See
RR.
(a) New York Central & Hudson River RR.
HARLEM
NEW YORK Si
1911.
N. Y., 136 m. Also owns street
1912.
1913.
road N. Y. City to Chatham,
3.790 Owns steamFourth
3.732
3.753
avenues, N.Y.City.10m. Assets. V.95. p.47.
Miles operated
Madison
Si
on
1914 acquired 36,369,350 of the
10
Dec.
on
had
Railroad revenues
$116,904,304$109,697,588$103.954,863 railroad
RR.
Central
The N. Y.
$22,670,525 $22,997,780 $23.128,377
$175 per share). V. 94, p. 208, 768; V. 93.
Operating income (after taxes)
000.000 stock at 350% .(or
Other income
1157; V.99, p. 1749. Decision
16.668.228 17.880.142 16,236,180 310
p.
V.
98.
1057;
94,P.
V.
1600,1696;
D. 1788,
Gross corporate income
339.338.753 340,877.922 339,364,557 3an. 1915, V. 100. p. 398.
partly electrified) was leased April 1 1873 for 401
(since
Rentals of leased lines
road
38.518,857 310,055,192 310,036,832
steam
The
and
Interest on bonds,&c
14,024,150 11.902,155 10,323,809 years to the N. Y.Cent. Si Hudson R. RR.Co.for interest on the bonds
Hire of equipment,incl. interest
1,894,045 dividends of 8% (this being increased to 10% by a supplementary agree3.000,579
2,373,970
1,805,422 ment) per annum. payable J. Si J. on the entire capital stock.
Other rents and miscellaneous
2,037,303
1,178,218
was leased July 1 1896 for 999 years to the MetroDividends (5%)
11,243,021 11,136.465 11.136,465
The street railway N.
Y. Railways Co.) at $350,000 for the first 5 years
(now
Balance, surplus
$2,000,537 $2,746,228 34.167.984 politan St. By.
rental
thereafter; this Is distributed as a city. on the
annual
and $400,000 2% in April and 2% in Oct. V.94.p.124.-(V.100,0.398.)
(b) Lake Shore &Michigan Southern (see V.98, y.1
.870266)•
payable
stock,
1.775
Miles operated
1,853
NA Si WESTERN R Y.-Binghamton to BufRailroad revenue
$57.941,920 $54,286,616 $48.360,997
NEW YORK LACKAWAN
and branches, 214 m., of which the main line 213
13,481,276 17,093.279 14,212.105 falo and Internat. Bridge
Operating income (after taxes)
Oct
has a lease for duration of charter from'
W.
Si
L.
D.
track;
10.473,212 10,348.776 10,284,588 m., is double
Other income
the bonds and 5% yearly on the stock. See form
1882, giving a guaranty of
V. 67. P. 1357: see also V. 68, P. 283.
in
bonds
terminal
of
guaranty
income
323,954,488 827,442,055 324,496,693 of
Gross corporate
RR.-Perth Amboy to Bay Head, N.J..
$2,904,413 $2,663,239 $2,531,082
Rentals of leased lines
NEW YORK Si LONG BRANCH
7,227.617
7,600,598
7,131,769 38 miles. Operated under an agreement made in 1888 for a period of 99
Interest on bonds,&c
961.137
966,815
565,478 years with Penn. RR. and Cent. RR. of N. J which jointly and severally
Other rents and miscellaneous
guarantee interest and 7% on the $2,000,000 stook, all owned by Central
$12,488.340 $16,584,384
269 365 RR. of N. J. Of the bonds $192,000 are 5s.-(V. 72. P. 438.)
surplus after charges
$8,152.056 $14,
$8'152:056
RR.-Covers Southern New
Paid to N. Y. Central (as dividends)_ $8,152,056
NEW YORK NEW HAVEN Si HARTFORD
847,944
847,944
847,944
New York and Boston.
do on other stock (now retired)
England and the only direct routes between
Miles.
(part owned)Leased
Miles.
33,488.340 37.584,384 85,269,365
Lines owned in FeeBalance, surplus
Old Colony RR.(which see)--- 532
Woodlawn Jct. N. Y.. to ProviIncome.
Net
Charges.
Gross.
Balance.
Leased
Lines
1913173
Year
Cos
(c)Other
dence, R. I
$1,359,257 81,477,634 def.$118.377
48
Providence and Worcester
Hopewell Jct.,
Chic. Ind. & So. RR $4,462,442
104,332
93,984 sur. 10,348 Beaton, Mass.. to
380,269
213 Norw. & Worcester (which see) 71
Dun. All. Val. Si P. RR.Chairman,
N.Y
M.
Depew;
Vice-Presidents,
Chauncey
107
lines
Other
SpringSmith;
to
Conn.,
Pres., A. H.
Ira A. Place, Wm. K. Vanderbilt Jr., New Haven,
120 Track to New York City, &c.
John Carstensen, Chas. F. Daly,
field. Mass
and John J. Bernet; Treas., E. L. Rossiter;
51
(V• 88.P.53)
A. T. Hardin, A. H. HarrisDirectors
Lines to Pittsfield, Litchfield,
Wm.
K.
1914).
(April
Vanderbilt,
687
Springfield.&c
Sec., Dwight W. Pardee.
S. Vanderbilt, William Rock°,
m,has four and 841 in. two trek)2.003
(129
1914
July
operated
F. W. Vanderbilt. C. M. Depew, Harold
Total
H. Newman, Marvin Hughitt, A. H. Smith, Geo. F. Bakerf eiler• William

FEB.,1915d

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, kc., see notes on first page]

Miles Date
Road Bonds

New York New Haven & Hartford (Concluded)New Haven & Derby consolidated mortgage ---zo•
14
Providence & Springfield 1st M gold assumed ---zc•
28
Danbury & Norwalk cons Id ($100,000 are 6s)36
Gen mtge Danbury. Conn, to Wilson Pt. Coz_zc•
3(1
First ref mtge V 82. 13 210) gold assumed_xo•der
36
Harlem R & Port 1st Ai gold 115.000,000-Us.xc•eer
12
_ ..
Notes guar red 10034
Naugatuck first mortgage gold assumed
xc•Cr
61
Debentures
z
___
Boston & NY Air Line lstli $5,000,000 (assum) x
- -N H & Northampton ref ill 110.000.000 guar 11) & i_x
_
Providence Term 1st 1.1 $7.500,000 g assum _-xc•Cr
- -Consolidated Ry debentures
___
Boston RR Holding Co prof stock guaranteed_ __
Prov Sec Co deb $19.911.000 g gu red 105 beg'17.xc•
-New Eng I et 5 pf stk 4% cum $10,000.000 red 105_x
_ __
el Bos 1st H$60,000,090 g red 11013 ac•&r• .__
NY Wes .
15-year funding gold notes guar prin & int
- -Springfield Ry 4% cum pref stock red 105 guar __
___
Conn Ry & Ltg 1st & ref M $15,000,000 g s f_Eq.xc•
- -merged
roads
electric
($2,536,000 are 5s)
Bonds of
- __
Other bds of elec rds leased or contr(see "ElRySec")
___
New England Navigation Co debentures gold __ __a do
do
do
Notes secured by coil red 10134
OB
Equipment trusts, due part yearly
F
do ser AA due $48 or $49,000 s-a- _c*
do
__Bonds of steamship, &c, companies controlled_ -- -Bonds of Leading Proprietary, &c, Lines
Holyoke & Westfield 1st lf (V 92. p 322. 795) gu_o•
10
Old Colony-See that company
51
Providence & Worcester first mortgage currency...
New York & Northern-See NY Cent & H R RR.
_ __
New York Ontario k Western-Common stock__ __
Refunding (first) mtge $20,000,000 gold __Ba.ac•&r Text
Gen 341 $12,000,000 gold red 110 (see text) __Nitc•eer
-_
Gold notes sec 1st M NH C & I due $200,000 s-a _xc•
- -Equip notes due $36,000 s-a (V 90, p 977)
Baz
- -Equip notes due $35.000 s-a (V 92.P 660)- -- Baz
- -do Ser C $30.000 s-a (V 96.p 420
do
___
Baz

Par
Value

Amount
Outstanding

Rate
%

95

When Last Dividend Places Where Interest and
Dividends are Payable
Payable and Maturity

1888
11.000
$575,000
5
Second Nat Bk,New Hay
11 do N May 1 1918
1892
1,000
750.000
5 g J & J July 1 1922
Lincoln Nat Bank N Y
1880
1.000
500.000 5 & 6 J & J July 1 1920
Second Nat Bk. N haven
1883
1.000
150.000
5
A & 0 Apr 1 1925
do
do
1905
350.000
4 g .7 & D June 1 1955
do
do
1904 1,000 Cc 15,000.000
4 ¢ Id & N May 1 1954
Lincoln Nat Bank, N Y
1,000 10,000,000
1914
5
M & N May 1 1915
New York or Boston
1904 1.000&c: 2500.000
4g
Ai & N May 1 1954
Second Nat Bk,N Haven
1902 -------- 234.000
334 A & 0 Oct 1 1930
do
do
1905
1,000 3.777.000
4 g F & A Aug 1 1955
do
do
1906_ _ 2,400.000
4
J & D June 1 1956
do
do
1906 i.0-60 Vec 4.000.000
4 g If & S Mch 1 1956
do
do
See text
____
100 See text
1907
1,000 19,899,000 - --,1-g-- if -ei 11 May -1. 1957
Eqiiiii6lerriu-si Co. Si V
__ __
100 4.000,000
4
J & J Jan 1915, 2% 1911 1 & £
21,200,000
434 g J & Jjuly 1 1946
New York & London
1909
5.000.000 -----------------Apr 1 1924
____
100 3,387.950
4
J & J Jan 1915. 2%
1901
1000 12.551,000
434 g J & J Jan 1 1951
Equitable Trust Co, N Y
Var
7.278.0004. 434. 5 Various 1914 to 1956
Var
2.171.000 1 & 5 Various 1917 to 1958
1905
3.600,000
4 g It &M 13 Nov 13 1955
675,000
4
J & J Jan 1 1955
1914
1.000 20,000,000
6
M & N May 1 1917
2,490,000
5
1915-1929
--- -.
1914
1,000,
6 g M & N To NOV 1924 PiCila- Vi§-ific-ins Co
Var
9.200,000 434 & 5 Various 1916 to 1934
1911
1,000
196,000
434 A & 0 Apr 1 1951
Treasurer, N Haven,Con
1597
1.000 1.500,000
4
A & 0 Oct 1 1947
R I Hosp & Tr Co. Pros
____
100 58.113.982 See text See text Aug 4 1913.2% Checks mailed
1892 1.000 &c 20.000.000
4 g If & SJune 1 1992
Office, Gr Cent Ter, N I'
1905
1.000 8.630.000
4 g .1 65 D June 1 1955
do
do
1,000
1900
400,000
b g J & DJune'15-Dee '15 Guaranty Trust Co,
NY
1910
1,000
396,000
434 A & 0 To April 1 1920 Bankers Trust Co, NY
1911
1.000
70,000
434 Ild & S To Mch 1916
do
do
1913
1.000
780.000
434 M & S To Mch 1928
do
de

NEW YORK NEW HAVEN Sc HARTFORD (Concluded)The New York division to New Haven, Conn., 73 miles, was placed in
partial operation July 10 1914, but authorized to be increased in Sept. 1914
to a 70% basis. V.94. p. 68, 1384: V. 96, p. 63: V. 97, p. 237; V. 98. P.
1239; V. 99. p. 49. 343, 817. Boston & Providence division. 44 miles, is
to be electrified and four-tracked. V. 95. p. 23.
In Oct. 1904 /29.160,000 of the $58,118,982 N. Y. Ont. & West. corn.
stook was acquired at $45 per $100 share and 12,200 of the $4,000 pref.
V.95, p. 481: V. 79. p. 2086. 2642: V. 80. p. 1363; V. 95, p. 1427.
On May 9 1912 permission was obtained to purchase from the New York
Central the remaining one-half ($2,352.052) of Its majority, holding of
14.704300 pref. stock of the Rutland RR.. the other one-half having been
acquired by the New Haven road in Feb. 1911, but suit to restrain purchase
Is pending. V.93, p. 1600.1788; V.94, p. 1317; V.95, p. 1608.
Owns greater part of stock of Central New England Ry.(which see) and
guarantees 112,012,000 gen. 4s. V. 92, p. 1179. 1375, 1436; V. 93, p. 866.
Penn. RR.on Dec. 31 1913 owned $5,312.500 stock and New York Cent.
& H. R. RR. Co., 11.545,600. V. 90. p. 1425.
Owns practically,all the stock of the N. Y. Westchester 1G Boston. 177th
St., N. Y. C., and Mt. Vernon, die.; total trackage. 74.57 miles, of which
50.57 held in fee and 24 m. under perpetual trackage rights. See bond offering. Stc.. V. 93, p. 346. 866; V. 94, p. 1508. 1627: V.95. p. 48. 298. 964.
1040, 1208. 1746; V. 100, p. 643. See also "Electric Railway Section" and
V. 99, p. 1209.
Segregation.-The stockholders on April 21 1914 approved an agreement
which had been reached with the Government for a surrender to independent control of certain parts of the system so as to prevent a suit under
the anti-trust law as follows: (1) The Boston RR. Holding Co.stock owning 52% of the stock of the Boston & Maine RR. has been transferred to
5 trustees, viz.: Marcus P. Knowlton and James L. Doherty of Springfield,
Mass.; James L. Richards and Charles P. Hall of Boston, and Frank P.
Carpenter of Manchester, N. H., and, after arrangements have been made
to protect the minority stock of the holding company, they shall
sell the
Boston & Maine stock prior to Jan. 11917. Under the modification agreed
to in Aug. 1914. if satisfactory terms are arranged with the Massachusetts
Legislature by July 1915 in regard to the sale of the B.& M.stock, the plan
is to be approved by the Court; otherwise the latter is to fix the terms.
(2) The stocks of the companies which control the Connecticut and
Rhode Island trolleys have been placed in the hands of trustees
-5
each
State-and shall be sold within 5 years from July 1 1914. V.99. p.for
1452.
(3) The majority stock of the Merchants' & Miners' Transportation Co.
held by the New Haven RR., which has been sold. V. 98. p. 1320, 1396.
(4) The minority stock of the Eastern Steamship Corporation, held by
the New Haven RR.,shall be sold within 3 years from July 1 1914. and in
the meantime shall be deprived of voting power. A receiver was appointed
Nov. 7 1914. V. 99, p. 1369. 1454.
(5) Whether the New Haven RR. shall be permitted to retain the Sound
lines will be submitted to the Inter-State Commerce Commission for determination under the provisions of the Panama Canal Act.
(6) The Berkshire trolleys shall be sold within 5 years from July 1 1914.
(7) The stocks of companies owning or controlling street railways within
the State of New York saall be sold within 5 years from July 1 1914. V.89,
p. 1000, 1072, 1157, 1239, 1245; V.199. p. 467, 270, 198. 120, 1131. 1221;
V. 100. p. 642.
(8) The decree embodying the foregoing. entered Oct. 17 1914 in the U.S.
Dist. Court for the Southern District of N. Y. provides that upon application of the New Haven RR. or the trustees and for good cause shown, the
time within which any of the above-mentioned stocks shall be sold may be
extended by the Court.
Report of Inter-State Commerce Commission July 1914, V. 99, p. 270.
Restitution suits by stockholders against former directors. V. 99. P. 198,
270, 407. 538, 1367. Billard suit, V. 99. p. 1052. Indictment against
former directors. V. 99. p. 1367, 1052.
In 1906 acquired control of Hartford & New York Trans. Co. V. 83,
P. 890; V 84. p. 221. 271. 391. 571. 626. 749; V. 85, p. 858: V. 86.
p. 721; V. 88. p. 1002: V. 90, p. 1242, 1494.
Trackage plan of 1911 as to Boston & Albany terminated Jan. 311914.
V.98. 156: V.92,p.882; V.93, p. 105,867: V.94.0.834;
V.95,P. 881.
.
In N
Nov. 1914 modified rate schedules were filed. V. 99, p. 1300, 1674.
STOCK -Authorized issue unlimited. Issued June 30 1914. $180,017.000. There was held in treasury June 30 1914 122,899,100 stock.
Stockholders and convertible debenture holders subscribed in 1909 for
$44,645,400 stock at 125. V.89,p. 1142, 1223; V.90,p. 1045; V.91. p.941.
Also increased by conversion of $20,234,550 3
of 1906. In Aug. 1913
the authorized stock was increased by 867,552,400 to provide for conversion
at par of new issue of 6% convertible bonds. See below.
DIVIDENDS.- 11873-1893. 1894. 1895 to Mar.'13. June & Sept.'13.
f 10 yearly.
Per cent
9
8(2% quar.).
134% guar.
In June 1913 the dividend was reduced from 2% to 134% guar. and in
Dec. 1913 omitted. None since paid. V. 97. p. 1733.
BONDS.-Harlem River & Portchester Div. 4s 01 1904, V. 85. p. 1143.
The 334% coupon debenture certts. dated 1906, due Jan. 1 1956, are convertible at par 011150 for $100 stock between Jan. 1 1911 and Jan. 1 1916,
and have been so reduced from $30,000.000 to amount shown at top of
page. 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.
MI. Providence Terminal Co. bonds ($7,500.000 authorized), see V. 82,
p. 929. 629. 693. 1213, 1323; V. 83, p. 96. 819.
The $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. City, and Springfield, Mass., or
New Haven,Conn.,and Providence, RI. V.85. p. 1270. 1339, 1402, 1647.
On April 30 1914 $50,000,000 notes were sold, viz.: $20,000.000 New
England Navigation Co. 3-year 6s and $20,000,000 one-year As, both secured by collateral-see list, V. 98. p. 1393-and $10,000,000 Harlem
River & Portchester RR. one-year 5s, not secured by collateral, but en-

dorsed by the N. Y. N. H. & H. The bankers have agreed to
take by
April 29 1915 $10.000.000 additional N. Y. N. H. & Hartford 6%
Collateral on N. Y. N. H. & H. notes may be replaced by other of notes.
equal
value. The proceeds will be used to pay off the principal and interest
of
notes due May 18, June 26. July 12. 14 and 26. aggregating
about
000.000, and the remainder for such improvements as are absolutely $54.
Mal for safety, economy and efficiency. V. 98. p. 1393. 1460. 1538. essen
1537:
V. 99, p. 49. 1367.
In Jan. 1915 the company was arranging to ask the State legislatures for
permission to make a mortgage covering the entire property
and having
a first lien on the main line and to issue thereunder long-term bonds
to fund
the present floating debt of about $53.000.000; also to pref. stock when
desired. V. 100, p. 399, 141.
The development of the adjacent surplus real estate not used for the
Grand Central Terminal, N. Y., will be eventually financed through a
separate company, whose capital stock will be equally owned and obligations guaranteed by N. V. N. H.& H. and N.Y. Central, V.95, p. 964.
In March 1914 sold $2,490,000 5% equipment notes due serially, covering
new steel passenger cars and electric equipment and in Nov. 1914 $970,000.
V. 98, p. 913; V. 99, p. 1367, 1452, 1911.
Under lease "assumed" debt of Old Colony RR.. which see.
Outstanding Street Ry. Debentures Assumed as of July 1913 Maturity.
Hartf. St. 4%- 4165,000 Jan. 1 '30 Consol. Ry. (concluded)Consol. Hy.(see Elec. Ry.Seca4% 1905_ _x$1,340,000 Apr. 1 '55
4% 1904x_$4,255,000 July 1 '54
4% 1906-x 2,011,000 Jan 1 1956
4% 1905x-$2,309.000 Jan. 1 '55
3-354-4% '05a 972,000 Feb. 1 '30
EARNINGS.-For 6 months ending Dec. 31:
Sir Mos.Gross.
Other Inc.
Net.
Charges.
Balance.
133,095,293 $8,736,318 $1.425,405 $9,206,022 $955,701
9
1191134
35,554,126
8.939,029
1,233,939
9.131.564 1,041304
ANNUAL REPORT.-Report for 1913-14 in V.99, p. 1125. 1208, 1219.
Special report by Chairman Elliott April 1914. V. 98, p. 1239.
Year ending June 301914.
1913.
1912.
Miles operated
2,046
2.092
assenger earnings
$27,400,673 $27,896,300 $26,812
P09
6:4
35
1
Freight earnings
32,476,373 34,071,975 32,130.892
Miscellaneous
6.740,647
6.645.228
5.985,738
Gross earnings
866,617,693 168.613,503 164,933.065
Net earnings
$18.102.343 $21,386,164 $22,829,047
Net outside operations
85,480
645,447
1,388.155
Di
Dividends and interest received
3.795.004
6.728.860 6,782,306
Other income, rents. &c
3.452,986
3,334,924
3,520.802
Total net income
$25.435.813 532,095,395 134,520.310
Interest on bonds, &c
$11.839,722 111.029,128 110.478,744
Rentals of leased lines
4,658.542
4,545.793
4,474.347
Taxes
3.568,219
3,714,755
3,719,548
Other rents and guaranteed dividends 4.762,258
3,629,6'39
2,349.421
Miscellaneous
253,898
338.408
112.699
Dividends
(134%)2.356.768)(734) 13,486.563(8)14315.540
Balance
def.$2,088,106def.$4,564.325def.$929,989
OFFICERS.-Pres.,
Elliott. New Haven; Sec., Arthur E.
Clark; Treas., AugustusHoward
S. May, New Haven, Conn.
Directors.-Howard Elliott (Chairman), Boston; John T. Pratt and
J. Horace Harding, New
York: W.Murray Crane, Dalton, Mass.; James L.
Richards, Joseph B.
Boston, Mass.; T. Do Witt Cuyler, Philadelphia, Pa.; Arthur T.Russell,
Hadley, Fredk. F. Brewster, A. Heaton Robertson.
Benjamin Campbell, Ell Whitney,
New Haven; Henry K. Mcilarg, Augustus S. May. Arthur E. Clark.
Stamford, Conn.; Francis T. Maxwell,
Rockville, Conn.; Edward Milligan,
Hartford, Conn.: Frank W.Matteson.
Providence, R. I.• Harris Whittemore,
Naugatuck. Conn. Executive
Committee: Howard Elliott, Arthur T. Hadley,
T. DeWitt Cuyler, W.
Murray Crane, James L. Richards,
Milligan, Henry K. Mellarg,
Edward
John T. Pratt and Frank W. Matteson.
-(V. 100, P• 141, 398. 642.)
NEW YORK ONTARIO & WESTERN RY.-Operates from
Weehawken.
Opposite N. Y. City, to Oswego,
on Lake Ontario, in all 568 miles, viz.:
Road OwnedMiles.
Road
Controlled,
kc.to Cornwall, N. Y----72 Pecksport.
Miles,Owgo
Conn. (leased)
4
Branch to New Berlin -----------22--Ontario Carl). & S. (leased) Cado
to Delhi
17
dosia.
N
Y..
to
Pa__
Scranton.
74
do
to EllenvIlle
8 Rome & C'inton (leased)
•13
-Utica Clinton & Bing. (leased) on
Total owned ______
319 Wharton Valley (owned)
7
Trackage(till 2079) W.Shore ER.
Ellenville & Kingston (leased) _
27
C'nwall to W'ken (V.61.p.425). 55 Port
Jervis Mont. & Summitville
• See this company.
(owned and leased)
38
CONTROL.-/n Oct. 1904 N. T. N. H. & H.
RR. acquired 129.160,000
corn. stock at $45 per share and 52,200 of the
$4.000 pref. V. 95. p. 481;
V.79, p. 2086. 2643: V.80. p. 1363. 2458;
V. 81,p. 1044; V.97.p. 1427.
STOCK.-There is $4,000 old preferred.
V. 79, p. 977. 980, 1332.
DIVIDENDS.-On common stock.1905. 434%;
1912, none; 1913. 2%; 1914. none. V. 98, p. 1006 to 1911.2% each;
1993.
BONDS, &C.-Refunding mtge. for $20.000,000 covers 319 miles of
road
owned, all the securities of the Ont. Carb.
& Scran. Ry., 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 of 1904 16.650,000 were issued and
Feb. 1913
permission given to issue $1,980,000 additional. V. 79. p.in
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. 0. & W.. the latter issuing its
52,500.0005% notes
(lanai Installment paid Feb. 911), and loaning $1,475,000
1305,000 has been repaid), the 0. & W. obtaining contract for (of which
entire tonnage V. 68. r). 41. 429: V. 69, D. 604. 646: V. 81. p. 1792
In Nov. 1900 eight independent anthracite properties
output of 2,000,000 tons annually were merged as the Elkwith a maximum
Hill Coal & Iron

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97

RAILWAY STOCKS AND BONDS

FEB., 1915.1

NEW YORK CENTRAL LINES
1914
Trackage is shown by dotted lines thus:4004Oa0116411,
Lines under construction by dashes thus:-

QUEBE
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98

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
or abbreviations. &c.. see notes on first page]

Miles Date
Read Bands

Par
value

Amount
outstanding

Rate
%

[VOL. 100.

When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable

New York & Ottawa-See N Y Central & H It RR.
$50 $2,500,000 12 in '141 & D Nov 30 '14.6% Checks mailed
New York Phila dr Norfolk-Stock.$4,000,000
112 1899
1,000 2,600,000
4 g 1 & J Jan 1 1939
First mtge 13,000.000 g (V 68. p 773. 978) --FP.xc•
Broad Street Station
1,000 1,000,000
112 1809
4
tf & N Jan 1 1939
Income mtge g non-cum reels (V 68. p 978) _ __ FPx
Checks mailed (see text)
New York & Putnam-See New York Central & Hudson River RR.
12 1887
1,000
984,000
5 g If & S Sept 1 1927
N Y & Rockaway Beach-lst Et $1,000,000 g gu_Ce.co
U S Mtge & Tr Co. N Y
12 1887
1,000
980.000 Up to 5
Second mtge income bonds non-cumulative_ _Ce.zr
Sept 1 1927
9 yi 1007
1,000 1,500.000
4 g F & A Fela 1 1957
NY Short Line--lst M $1.500.000 g gu la & 1.Pel)_kvc*
Reading
Term-in-ai, Vine;
500 &o 3.488,500
5 g A & 0 Apr 1 1940
72 1880
N Y Sus Ec West-Midland RR 1st M g eat '10_Ce.xc•
Office, 50 Church Street
.
1 1881
1.000
Paterson Eaten RR 1st Meat in 1910 at 5% 8fl-88
200,000
5g J & D June 1 1950
do
do
Western
first M ref g
Ce.ze
127 1887
1,000 3.745,000
5 g .J & JJan 1 1937
New York Susq &
do
do
127 1887
Second M ($1,000,000 gold) 3d M on 72 m_Ce.ze•
1,000
447,000
44 g F & A Feb 1 1937
do
do
Ce.gc•
127 1890
General mortgage for $3,000,000 gold_
1,000 2,552.000
5 g F doA Aug 1 1940
do
do
_ __ 1893 1,000 &c 2,000,000
Terminal first mtge for $2,000,000 gold_ _-1.1sx.o•&r
5 g 51 & N May 1 1943
do
do
65 1892
Wilkes-B & E'n 1st Mg gu p & I (V60. p-481)-(1.zo•
1,000 3,000,000
5 g J & D June 1 1942
do
do
___ 1911
1,000
Equipment notes series A due $40,000 semi-annx
520,000
F & A To Aug 1 1921 Commercial Tr Co.
43
Phila
Allied CompaniesPassaic, & N Y 1st M (999 years rental) ext 1910 _a
3 1885
500
70.000
5
J & D Dec 1 1940
Office,
50
Church
St,
NY
mtge
(branch
to liacopin Lake)_z
Macopin RR first
2 1896
1.000
44,000
5
J & D Dec 1 1916
do
do
NY & Wilkes-Barre Coal Co first mortgage -- --N
- -- 1893
500
450,000
6
Id & N Nov 1 1933
V 84. p 342; V 94, p 1701
New York Texas dr Mexico-See Galveston Harrisburg & San Anton lo
Newark & Bloomfield-Stock,6% rental_ __ _ __ __
50 1.600,000
6
A & 0 Oct 11914.3%90 West St. New York
Newport & Cincinnati Bridge-See Louisville do -Nash vIlle
Nezperce dr Idaho-1st M red part yearly 105-CC.xc•
15 1911
100.000
500 &c
6 g J & J To Jan 1925
Chicago, In
Niagara Junction Ry-First M $650,000 gold_Ba.xe* Text 1902
175,000
1,000
5 g F & A Aug 1 1922
Bankers Trust Co, N Y
Norfolk dc Portsmouth Belt Line-First mtge-- -FPx
6 1898
1.000
250,000
5
F & A Feb 1 1938
Fidelity Trust Co, Phila
my Riv 1st Mg gun dc 1 s f red 105!since'11- UP.xc•
4.6 1905
500 &o
189,500
Girard Trust Co. Plana
4 g A & 0 Oct 1 1935
Norfolk Ec Carolina-See Atlantic Coast Line RR
Norfolk Southern-Stock $16,000,000 authorized __ __
_ __ __ .._
100 16,000.000 See text Quar Jan 11914.4% Checks mailed Norf office
First mortgage
M[Lae
223 1891
1,000 1.655,000
5 g 3.1 & N May 11841
Metropol Tr Co. N Y
First general mortgage gold redeemable at 115--Ux
223 1904
1.000
825,000
Guaranty Trust Co, N Y
5 g J de 1 July 1 1954
Suffolk & Carolina first cons mtge gold red 110-xc*
75 1902
1.000
650,000
5 g J de .1 July 1 1952
International
Tr Co. Bait
1st & ref M $35,000,000 red 105 since 1915 Ce.xc•
- &r•
789 1911
500 doe 12,967,000
5 g F & A Feb 1 1961
Central Trust Co, N. Y
Raleigh & Cape Fear 1st 3.1 if
Col.xo•
32 1903
1,000
137,000
Columbia Trust Co. N Y
5 g 11f 8C S Mch 1 1943
Southport
Raleigh &
first mort 52.000,000 __ -Colx
61 1905
1.000
5 g J & D June 1 1965
374,000
Columbia Trust Co, N Y
do
general mortgage 5200,000_Nx
do
.._ _ 1907
1,000
176,000
6 g A & 0 Oct 1 1917
New York Trust Co, N Y
Aberdeen & Asheboro 1st Al $164,000 g-MeBa.xo*
82 1910
1.000
164,000
J
&
J
Jan
5
1
g
Hero Tr & S Dep Ce,Balt
1940
Equipment trusts series A
1914
450,000
5
J & J July '15-Jan '24
Norfolk Terminal-let kt $2,000.000 g fru re 1_ 0.xc*
___ 1911
1,000 1.000.000
4 g Al & N May 1 1961
Guaranty Trust Co. N Y
Co.. the N. Y. 0. dr W. issuing its 13,500,0005% s. f. first I en gold notes
secured by the Coal & Iron Co.'s 1st mtge., these notes maturing 575.000
each 6 mos.. beginning June 1 1901, to June 1 1911. and thereafter $200.000
semi-annually to Dec. 1 1915. The notes are secured part passu with the
bonds issued under gen. mtge. of 1905. V. 71. P. 1270: V. 73 u. 501
EARNINGS.-For 6 months ending Dec. 31:
Six MonthsGross.
Net.
Charges.
Surp.
1914
$4,939,635
$1,292,052
$759,593 Bal.,
$532,459
1913
5,013,488
1,266,530
555,333
711.197
REPORT.-For 1913-14 in V. 99. p. 889. Coal traffic in 1913-14,
4,334.358 tons (out of 6,046.222 tons), against 4.309.667 tons in 1912-13.
Year ending June 301913-14.
1912-13.
1911-12.
Gross earnings
$9,040,812 $9,454.349 $8,527.944
Net earnings over taxes
2,081,860
2,691,898
1,764,066
Total net income, Including "other"- 2,288.947
2.131.374
2,904,683
Interest on funded debt
1.256,131
1,202,926
1,190.786
Miscellaneous interest and discount
13,155
50,732
58,113
Rentals and hire of equipment
355,969
432,011
416,126
Dividends
210
1,162,340
210
Balance, surplus
$49,293
$663.482
$473,519
Chairman. Howard Elliott: Pres.. John B. Kerr. Office. New York.
N. Y.-(V. 97. p. 1427; V. 98. p. 1993; V. 99. p. 609. 889, 970, 1833.)
NEW YORK 6c OTTAWA RY.-See N.Y.Central & Hudson River RR
NEW YORK PHILADELPHIA & NORFOLK RR.-In Jan. 1909 all but
$7.250 of the $2,500,000 stock had accepted the offer of the Pennsylvania
RR. to buy the stock with 4% 40-year trust certfs., guar. prin. and int. by
Penna. R12. on basis of $3,000 cents. for $1,000 stock (V. 90. p. 977). In
1912 stockholders authorized increase in stock. $2,500,000, to $4,000,000.
but none is to be issued at present. V. 95. p. 1332. Equipt. trust obligations, $900.000.-(V. 95, p. 1332. 1608.)
NEW YORK & PUTNAM RR.-See N.Y.Central & Hudson River RR
NEW YORK & ROCKA WAY BEACH R Y.-Owns Glendale jct. to Rockaway Park, 10.67 m., with branch, 1.67 m.; total. 12.34 m.; double-track.
Stock. 11,000.000: par. *100. Leased 50 years from July 1 1904 by Long
Island RR. Co. which owns $972.200 stock, whose endorsement is printed
' On Jan. 1 1913 5101,000 firsts were owned by L. I. RR.,
on let M. bonds.
together with $978,667 of the incomes. V. 83, p. 890. Cal. year 1913,
gross, 51.342.595; net, $424.683; charges, $280,483; balance, surplus,
$144,200.-(V. 83, p. 890.)
NEW YORK SHORT LINE RR.-Owns a cut-off for the Reading Co.
between Cheltenham and Neshamlny Falls, 9.38 miles, opened May 1906.
V 79. p. 1038. To be 4-tracked-2 tracks laid at present and on 2 miles
3 tracks. Leased to Phila. de Reading By. for 999 years from Feb. 1 1907.
The 5250.000 stock is owned by Reading Co., which guarantees the bonds,
principal and Interest.-(V. 84, p. 1552: V. 87, p. 1421.)
NEW YORK SUSQUEHANNA 5t WESTERN RR.-(See Erie Map)
Owned (in tee) or entire stock. Miles. Susquehanna Connecting RR___ 8
Jersey City to Stroudsburg, Pa__ 99 Other branches
24
(Double trace 19 miles.)
Trackage
8
Beaver Lake, N. J., to Unionville. 21
Wilkesbarre de Eastern _- ------- 65
Total road operated June 30 1914 225
STOCK.-Pref.. $13.000.000; corn.. $13,000,000. of which the Erie
owned June 30 1914 $25,599.002 com, and pref.-of this, $6,630,000 corn.
and $12,936.000 pref. being deposited under its mortgages. Dividends on
pref., Nov. 1891 to 1892, 24% yearly: none since.
BONDS.-General 5s are reserved to retire 2d 44s. See abstract, V. 52.
p. 84. The seconds are exchangeable for generals on payment of an assess't.
Terminal bonds, see issue of Jan. 1898 and abstract. V. 57, p. 512.
The 53,500,000 Midland RR.6s were extended 30 years from 1910 at 5%
and $200,000 Paterson Ext. 5s 40 years at same rate. V. 90. P. 373, 91.
Equipment notes of 1911. see Erie item, V. 93. p. 163.
EARNINGS.-For 6 months ending Dec. 31 (V. 100. p. 475):
Six
Gross
Net (after
Other
Interest,
Balance,
Months- Earnings.
Taxes).
Income.
Rents,&c.
Surplus.
1914
$1,906,029
$563,978
$96,526
1516,570
$143,934
1913
1,979.731
469,232
74.292
491,052
52.472
REPORT -Fiscal year changed to end Dec. 31. For year ending
Juno
30 1914 in V. 99. p. 1360.
Gross.
YearNet.
Other Inc.
Charges.
Net Income.
1913-14-_ - _ 53,974.796 $1,061,781 $287,404 $1,119,729 sur.$229,465
191243-- _ 3,787.146
1,010.480
179.199
982,023
sur.207,656
1911-12_ _ 3,673,270
1,045,873
179,070
1,052.049
sur.172,894
p.968,1200; V.97. p. 1498; V.99. p. 1131.1360; V. 100.
-(V.95._p.475.)
NEZPERSE & IDAHO RR.-Owns Vollmer, Ida. on Northern Pacifie
easterly to Nezperce, 13.8 miles, opened June 15 1910.
,
Extension from
Vollmer to Tammany,149 miles, under way in Dec. 1914. Stock auth.,$1.000,000;issued,$524.400. Of the serial 6s (3300,000 auth.),the $125,000 issued mature yearly Jan. 1 1913 to 1925, viz.: $5,000 in 1913 and 1914
110.000 yearly 1915 to 1924 and 115,000 in 1925. Additional bonds may
be issued for additions and extensions at 70% of cost, but only when the net
earnings for the preceding 6 mos. are twice the interest charges. Incl. bonds
Redeemable in blocks of $5,000 or multiples in order of
then to be issued
earliest maturities, on any int. day, at 105 and int. V. 92, p. 1566.
30 1914. gross. $35,299: net (after taxes). $18.594:
June
ending
year
For
Int., taxes. doe., $8,188; bal.. surp.. 110.406. Pres., Z. A. Johnson,
Lewiston, Idaho.-(V. 92. p• 1566.)
NIAGARA JUNCTION R Y.-A terminal and switching road extending
from Niagara Falls, N. V..to Fletcher's Corners, N. Y., 4.86 miles: factory.
sidings. 6.38 miles. Electrically operated since September 1 1913. V.
97, p. 1837. Stock. 8160,000 common and $140,000 8% cum. pref.; all of
Corn, and all the outstanding pref. being owned by Niagara Fails Power
A.
w1e
.$1
,3
k6
e6
8:
:
Calendar year 1914. arose, $76.598: net, $29,704; other Income
int. and taxes! $22,618; hal.. sun.. $8.502. Pres.. Edward
.-P., Philip P. Barton; Sec.. Fred'k L. Lovelace; Treas., W. Paxton
Little. New York office, 15 Broad Street.

NIAGARA WELLAND & LAKE ERIE RY.-V.95. p.680.
NORFOLK & PORTSMOUTH BELT LINE RR.-Owns Port Norfolk to
Berkley, Va.,6.13 miles,and Southern branch extension, 6.01 m.; operated
under lease, 1.85 miles. In Nov. 1909 acquired entire stock of Elizabeth
River RR., whose bonds are guaranteed. V. 90, p. 1044. Stock, ;50,400,
all owned by Atlantic Coast Line, Norf. & West., Ches. & Ohio. N. Y. Phila.
& Norfolk, Seaboard Air Line and Norf. South. $100 shares. Bonds.
see table. Cal. year 1913. gross,$235,887; net,$63,741; other income,$28.748; Int. on bonds, $19,920; other charges. $17,601; diva. (6%). 83.024;
bal., sur., 851.944.
NORFOLK SOUTHERN RR.-Operated June 30 1914 900.04 miles,
extending from Norfolk, Va., to Raleigh, Goldsboro and Beaufort and the
Piedmont section. N. C., with branches. Of this total,the company owns
736.44 miles and leases 107.60 miles (from Goldsboro to Morehead City),
and has trackage rights on 9.29 miles; 46.71 miles is equipped electrically.
This includes the Raleigh Charlotte & Southern By.. 291.88 miles, referred
to below. At Norfolk the company has connection with steamship lines
which furnish practically a daily service to Washington. Boston. Richmond.
Baltimore, Philadelphia and New York. Trains are operated over the
Albemarle Sound trestle, giving rail connection to all the company's lines.
Owns entire cap.stock and bonds of John L. Roper Lumber Co.,owning over
600,000 acres of timber lands and 200.000 acres of timber rights. V.87,p.1415.
The John L. Roper Co. owns entire stock ($175.000) or Carolina RR.extending from Snow Hill to Pink Hill, N. O., 35 miles via Kinston, and tohe
extended 15 miles from Pink H ill south to Chinquapin. N.0. V.95.p.168.4.
In July 1912 purchased stock of Raleigh Charlotte & Sou. Ry., which
early in 1912 absorbed the Aberdeen & Ash. Ry., Durham & Charlotte RR.
and Raleigh & Southport By., together operating 219 miles in the Piedmont
section of North Carolina, with 22 miles completed. The Aberdeen &
Asheboro extended from Aberdeen to Asheboro, N. 0., 56 miles; Troy
to Mt. Gilead, N. C., 22 m.; West End to Jackson Springs, N. C., 4 m.;
Candor to Ellerbe, 174 m., and leased Carthage & Pinehurst RR., 12 m.;
total, 105 miles. The Durham de Charlotte RR. operated from Troy to
Colon. N. C., 50 miles, and the Raleigh & Southport Ii y. from Raleigh.
N C., to Fayetteville, 64 m., including 2 miles of trackage, and had under
construction a branch to Sanford. 25 m. V.93. D. 1463: V.95. p. 48. Extension from Mt. Gilead to Charlotte, N. 0.. 52 m., was opened in Dec.
1913. V. 97. p. 50.
The Beaufort Terminal Ry. was incorporated In No. Carolina in March
1913 with $5.000,000 authorized stock, all to be owned, to build a lime from
Beaufort, N. C., to Cape Lookout. Will makes bond issue. V.96.p.863.
ORGANIZATION.-Successor May 5 191010 N. & S. Railway. foreclosed
Dec. 7 1909 per plan V. 87. p. 614, 678. Incorp. In Virginia May 2 1910.
STOCK AND BONDS.-Under plan in V. 87, p. 614, 678, the new co.
authorized $16,000,000 stock and 512,000.000 "first & refunding" 11. 5s,
The stockholders on Feb. 28 1911 authorized a new "first and refunding"
mortgage to secure an issue of 135,000.000 bonds to replace said 512.000.000
mortgage, which was found insufficient for future needs. Of the new bonds,
38,1(10,000 were made Issuable for general corporate purposes, of which
$7,525.000 were sold; also (Feb. 1913) $5,456,000 authorized by the stockholders in June 1912 to acquire the Raleigh Charlotte & Southern By.
and improvements and extensions. 13.981,000 are reserved to retire a like
amount of underlying bonds, leaving $18.638,000 available for future purposes of which 53.693.000. however, will be Issuable only upon vote of
three-fourths of the directors and a majority of the stock for addl road.
The new 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 the entire equipment, valued at about $2,720,625: also by a 1st lien on the entire stock ($1.000,000) and 1st M.bonds
($5.000000) of the John L. Roper Lumber Co., owning 10 planing, saw and
shingle 'and cedar mills, with an annual capacity of 150.000,000 ft., board
measure; and 140 miles of standard-gauge logging road, 300 logging
cars. 25 locomotives, &a. The value of the Roper lumber property has
been estimated at $12.785,000. Sinking fund 5100,000 yearly, as long as
the lumber company bonds are pledged. The lumber company's securities
may be withdrawn from the mtge. on payment of at least 55,000,000. All
moneys of the sinking fund,including the amount received upon any sale ot
the Lumber Co. bonds and shares, or upon the redemption of any of said
bonds, shall be used, as to at least one-half thereof, for the purchase or
redemption of bonds of this issue, and the balance, if any, for the construebetterments and improvements.
lion or acouisition of new linesequipment,
V.93, p. 1534: V. 96. p. 487; jr. 97, P. 1204; V. 98. P. 523.
-In 1911. 2% (quer.): 1912 to Jan. 1914, 2% (Q.-J.).
DIVIDENDS.
None since. V. 98, p. 1000, 1072.
EARNINGS.-6 mos.,f 1914
Gross. $1,963,838; net, $490,172
Gross. 2,101,874; net, 62268
July 1 to Dec. 31. 11913
Miles operated in 1914. 900. against 902.
REPORT.-For year ending June 30 1914, V. 99. p. 1593.
1913-14.
1912-13.
Net,Gross
iniIrents,&c.$1,363.216 $1,039195
,332
7.6
5 D tv dends_-(1%)160,000(2)
1 118
420.14-4
84
,
'145
46 $411
'
9
214
636
aft. taxes 419
32000
'0
Total net inc_ 1,309.826 1,942.826 BaL.sur.or def. df.213.389 sur.583,630
OFFICERS.-Chairman, Marsden J. Perry; Pres., Joseph H. Young;
Norfolk; V.-P..Richard H.Swartwout,44 Pine St., N.Y.; Sec. Morris S.
Hawkins, Norfolk; Asst. Sec., James T. Avery, 14 Wall St., N. Y.; Treas.,
Matthias Manly. Norfolk: General Counsel, Chadbourne & Shores. General office, Norfolk. Va. N. Y. office. 14 Wall St.-V.98. p. 1300, 1593.)
NORFOLK TERMINAL RY.-Owns a union passenger station at
Norfolk, Va., with approaches, opened June 1 1912, used by the Virginian Ry., Norfolk & Western By. and Norfolk Southern RR., which
own the entire stock and undertake to meet all expenses, charges and
Interest and principal of bonds. Bonds authorized March 20 1911. 12.000,000, to be guaranteed, prin. and int., by the three lessor companies,
of which $1.000,000 have been sold. Redeemable at 105 after Nov. 1 1925.
V.92. p. 660. 1109: V. 93. p. 667. 1191. Pres. J. H. Young. Norfolk, Va.
V.-P., D. S. Maher, Roanoke, Va.; Sec., Francis W. Russell. and Treas.
Caldwell Hardy. all of Norfolk. Va.-(V.93. p.667. 1191; V.94,p. 1698.)

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I On

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, eec., see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

[VOL. 100.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

_ __ ____
Norfolk Ec Western-Common stock $150,000.000_0x
$100 $107819500 6 In 1914 Q-M Mar 19 '15 114 Office, Philadelphia
Adjust pref(p&d)4% stock non-cum $23.000,000_(Ix
_ __ __ __
100 22.991.6004 In 1914 Q-F Feb 19 '15 1% Office, Philadelphia
N & W gen (now 1st) M Nod to Bris &c g __FP.xo•
428 1881
1,000 7,283,000
6 g M & N May 1 1931
Bankers Trust Co, NY
New River Division first mortgage gold... _FP.xo•
197 1882
1.000 2.000.000
6 g A & 0 Apr 1 1932
do
do
Improvement & extension mortgage gold-FP.xc•
588 1883
1.000 5.000,000
6 g F & A Feb 1 1934
do
do
assum
gold_Ce.zc•
1st
M
New
Eng
Valley
&
Scioto
129 1889
1.000 5.000.000
N
Nov
B1
&
4
1
g
1989
do
do
N & W first consol mtge $62.500,000 g --Ba.xc•&r• 1,674 1896
500 &c 40.400.500
A
&
0
Oct
4
1
g
1996
do
do
Div 1st lien & gen M (text) g red 105 begin 1929_Ux 1,894 1904 1.000 &c 23.000,000
4 g J di J July 1 1944
do
do
Pocah joint M $20,000,000 g call 105 s 1-0P.xo•&r
- -- 1901
1,000 17.969.000
4 g J & D Dec 1 1941
do
do
Col Con & Term 1st M gold gu (end) as ____Mp.xc•
4 1892
500
Ij
&
J
Jan
1 1922
5g
600,000
Metropolitan Tr Co. N V
Convertible bonds $34.000,000 gold red text _- __Gs
___ 1907 1.000 &c 3.528.000
4 g Ij & D June 1 1932
Bankers Trust Co, N V
Convertible bonds text gold red.......0.xc*&r•
_ __ 1912 1.000 &c
611,000
4 g M & S Sept 1 1932
do
do
do
text gold red___G.xc*&r*
do
___ 1913 1.000sce 9,771,500
414 g ivi & S Sept 1 1938
do
do
Winston-Sal So'b'd lstM$5,000.000 g gu Us.xc•&r*
89 1910
1,000 5,000,000
J
.
July
1
1960
J
&
United
4
g
States Tr Co. NY
Equip trusts Ser C gold gu last distaliment - -- --x
- __ 1905
1.000
0
A
&
Apr
4
g
1
1915
200,000
Commercial Tr Co, Plina
do
Series D gold last installment
1905
1,000
100,099
4 g 1.1 & N Nov 1 1915
do
do
do
Series E gold last installment
x
_ __ 1905
1,000
100,000
4 g I de D Dec 1 1914
do
do
Series F to K g $100,000 each ser yriy x
do
- -- 1906
1.000
Various To Aug 1916
do
900.000
4g
do
Series L to 0 $100,000 each series yrly-x
do
- -- 06-'07
1.000 1,000,000
Various To June 1 1917
do
4g
do
do
Series of 1914 g gu $500,000 y'ly_---ye*
-__ 1914
1,000 10,000.000
04 g F & A To Aug 1924
do
do
Norristown & Main L Con-lst M g gu (encl.).- GP.kv
_-- 1902
1.000
&
S Sett 1 1952
l‘f
Reading
4
g
250,000
Terminal,
Phila
7%
Carolina-Stock
paid
from rental
North
....
223 -- ...
100 4,000.000
F & A Fe 1 '15 314% Burlington, N C
7
North Penn-Stock 8% gu 990 yes $6,000,000 auth-86 __ __
50 5,405,550
Q-F Feb 25 '15 2% Office, 240 5 3d St. Phila
8
Old second 3/ (now 1st) (75 extended in 1896)--kvo
56 1866
500 &c 1.500.000
do
M & N May 1 1936
4
do
General mortgage extend. in gold in 1903_FP.kvcdor
86 1873
3.3g J & J Jan 1 1953
do
4.500.000
do
Funding loan bonds $409,000 gold__ __ _
kv
1898
407,000
Reading Terminal, Phil&
4 g M & N Nov 1 1928
North East Penn-lst M gold gu P & R _ __ Oup.kvc• 2514 1890
1.000
Reading
1
1920
0
Apr
A
&
5
Terminal.
400.000
Piing'
North & South Carolina-See Carolina Atlantic & Western By.
Northern (Ala)-Ist M ($350.000 prior lien) - --Col xc
112 1896
1j. & J July 1 1928
J P Morgan & Co. N Y
1.000 1.650,000
5
Northern (N H)-Stock 6% rental ________
__ __
83 ____
100 3.068.400 See text Q-J Jan 1 1915 114 1023 Old So Bldg, Boston
Northern California Ry-See Southern Pacific RRNorthern Central-Stock ($27.737.050 auth)(see text)
-------50
27,077,150 See text J & J Jan 15.1915 4% Treasurer's Office, Balto
First mortgage State of Maryland loan (V 74,p 1197)
144 1855
Annapolis
15Q-315 Irredeemable
1,500,000
6
Consol general mortgage of 1874 gold Series E --xc
144 1885
Treasurer's Office, Salto
1,000 1757000
414 g A & 0 Apr 1 1925
Second gen M Ser "A" & "B"(A $2,565,000)- -FPx
144'76-'82
1.000 3.501:000
do
do
5
1. & J Jan 1 1926

NORFOLK & WESTERN RY.-(see map.)-System extends from Norfolk, Va., westward to Columbus and Cincinnati. 0., and northward
to
Hagerstown. Md., with branches to the various coal fields in Va. and W.Va.
Road OwnedMiles.
Miles.
Norfolk, Va.. to Columbus, O.._ _704 Roanoke to Winston
121
Radford, Va., to Bristol, Tenn_ All Sundry branches
480
Roanoke, Va., to Hagerstown__238 Columbus terminal
4
Graham to Norton
100 Trackage
14
No. Caro. Junction to Fries
44
Lynchburg to Durham, N. C_ ---115
Total operated June 30 1914_2.036
Portsmouth Junction to Cincinnati and Ivorydale
106 Double track
491
ORGANIZATION.-Successor in 1896 of Norfolk & Western RR., &o.,
foreclosed per plan in V. 62. p. 641. In March 1910 Penn. RR. and subsidiary companies, it is understood, owned about 51% of the stock, the
holdings sold in 1906 016.000,000) having been re-purchased in 1909 and
also additional amounts acquired. V. 83. p. 502; V. 88. p. 1062: V. 98. P.
763; V. 95, p. 361. 688.
In July 1909 the Norfolk & Western and Atlantic Coast Line agreed to
build jointly the Winston-Salem Southbound RR.,extending from WinstonSalem. N. C.. to Wadesboro. 89 miles, completed in March 1911. the two
u.
stpMaryr gold 4s
vogietarroc
evit8
ss
.;
tly2g
38
ionat!ip Icofinp
usr,tiginpg r
V.
stock Were in the issue of Apr111897. p.4.
STOgii.--1,rovisions Of Pref.'
'04. '05. '06. '07. '08. '09. '10. '11. '12-14. 1915.
Common
3 334 434 5 4 434 5 534 6 y'ly. 134,
BONDS -The first consolidated mtge. of 1896 is limited to $62,500.000,
the balance unissued being reserved to retire the underlying bonds. V. 73.
p.502; V. 74. p. 151; V.75. p.505; V.77. p.1785; V. 78. p.229. They are
a 1st M.on about 898 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 776 miles subject to the undisturbed Ilene.
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 295,000 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 stook is all owned by the U. S. Steel Corp. and 39,797 to other concerns, the royalties under such leases alone being shortly expected to be sufficient to almost meet the fixed charges. They are subject to call at 105
since 1906 for a sinking fund of 2)4 cents per ton mined. V. 73, p 845,
902; V. 74, p. 41, 380, 1197; V. 75. P. 502. These bonds are the joint and
several obligations of the Railway 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
covered by the 1st consol. mtge. aggregating 220 miles, and upon such extensions and branches as may be acquired from the proceeds of the new
bonds and also a lien subject thereto upon the properties covered thereby.
V. 78. p. 1549; V. 79, p. 501. 628. 973. 1642, 1704, 2148; V. 80, P. 1175;
V. 82. p. 510: V. 83, P. 1471: V. 88, p. 231. 453.
The cony. 4s of 1907, of 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 and int. To Nov. 30 1914.
$22.041,000 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 of record Jan. 31 1912 subscribed pro rata for $13,300,100
20-year 4% convertible bonds, convertible into common stock, $ for S.
prior to Sept. 1 1922, and thereafter subject to call at 105 and int. To
Nov. 30 1914 $12,420,000 converted. V. 94. p. 208. 417; V. 95, p. 687.
Stockholders of record February 17 1913 subscribed for $17.138,500
of the $18,353,000 25-year 4;4% convertible bonds offered at 10234.
They are convertible into common stock,$ for 5, prior to Sept. 1 1923. and
thereafter sub. to call at 105 and int. V.96, p. 360,653,948; V.97, p. 666.
GENERAL FINANCES.-Of the traffic In 1913-14, 68% (24.589,892
tons) was bituminous coal and coke; average rate per ton per mile. 0.415
eta.: train-load, 802 tons. In Dec. 1911 dividend rate was increased to 6%.
In Mch. 1914 sold $10,000,000 434% equip. trusts. V.98. p. 1000.1072.
EARNINGS.-For 6 months ending Dec. 31:
Net.
Other Inc. Int.,Tax.,&c. Bal., Sur.
2 Months- Gross.
$21,446,398 $7,338,869 $977.838 $3,259.001 $5,057,706
1914
7,684,472
753,963
23,499,805
3.039.813
5,398,622
1913
REPORT.-Report for 1913-14 in V. 99, p. 744, 753 (see edit. p. 705):
191344.
191243.
Year ending June 30-191142.
, 36
2,035
Miles operated June 30
2,018
$4,908,679 $4,715,294 $4,342,452
passenger earnings
38,038,622 37.588,024 34,022.572
Freight earnings
1,523.318
1.436.603
1,370.213
Mail, express, &c

DIVIDENDS- 1
%1,

Total gross earnings
Operating expenses
Total net earnings
Total net income
Interest on bonds,&c
Outside oper. net def
Taxes
Separately oper. properties
Dividends on preferred (4%)
Dividends on common
Betterments
Miscellaneous rents, &c

$44,470,619 $43,739,921 .$39,735,237
29,935,842 28,565,813 25.669,430
$14,534,777 $15,174,108 $14,065,807
$16,532,167 $16,938.590 $15,429,048
4,564,134
4,245.567
4,383,837
19.874
7,608
20.409
1.620.000
1.452,000
1.410,000
701
94.174
108,053
919,668
919,668
919,668
(6%)6.240,150 5,759,521(5ii)4,668,438
2.093,918
1,553,088
1,372,065
(Cr)68,263
64.688
119,945

$1.141,985 $2,842,274 $2,426,634
Balance, surplus
Wm. G. MacOFFICERS.-Pres., L. E. Johnson; V.-P. (Finances),
B. Lacy. Phila. office, CommerJos.
Treas.,
Dowell; Sec.. E. H. Alden;
cial Trust Bldg.
Johnson, N. D. Maher
Directors.-Victor Morawetz. New York; L. E.

Roanoke}, Va.; W. G. Macdowell, Joseph I. Doran, John P. Green and
W. W. Atterbury, Phila.; Joseph Wood, Henry 0. Frick, Pittsburgh; Walter H.Taylor. Norfolk; M.0. Kennedy, Chambersburg.-(V. 99, P. (44.)
NORRISTOWN & MAIN LINE CONNECTING RR.-Owns double-traok
road, 64 miles long, incl, bridge over Schuylkill River at Norristown. Pa.
Leased to Phila. & Reading Ry.at 4% on stook and int. on bonds. Reading
Co owns the $50,000 stook and guarantees the bonds.-(V.75. p. 1148.)
NORTH CAROLINA RR.-Owns from Goldsboro to Charlotte, N. 0.,
222.44 m.; Caroleigh Jot., N. C., to Caroleigh Mills. 1.90 m.; total, 224.34
miles. Leased from Jan. 1 1896 to the Southern By. for 99 years at $266.000 (6)4% on stook) per year till Dec. 31 1901 and $286,000 (equal to 7%
on stook) balance of lease; also taxes. V.63, p. 361. State of North Carolina holds $3.000,000 stook.-(V. 66. p. 665; V. 89, P. 163.)
NORTH PENNSYLVANIA RR.-Owns from Philadelphia, Pa., to Bethlehem. Pa., 55.53 m.; Delaware River branch, 20.45 m.; Doylestown branoh,
10.09 m.; total first track, 86.07 m.; total track, 251.21 m. Leased for
990 years from May 1 1879 to Phila. & Reading R R. at 8% on stook, and
lease assumed in 1896 by Phila. & Reading Ry.-(V. 81, p. 668.)
NORTH-EAST PENNSYLVANIA RR.-Owns road from Glenside to
New Hope, Pa., 25.64 miles; 2d track, 1.99 m.; total tracks, 32.53 miles.
Cap. stock, $400,000, of which $318,950 owned by Reading Co.; par $50.
NORTHERN ALABAMA RY.-Sheffield to Parrish. Ala., and branches.
112.50 miles. In April 1899 a majority of stock and bonds purchased by
the Southern Ry. V. 68. p. 824. 873. See also V. 69, p. 391.
Stook is $2,000,000. Under supp. mtge. of 1898 $400.000 of the outstanding $1,700.000 1st 5s were made prior liens. V.67, p. 1208. In year
ending June 30 1914, gross. $582,370; net, after taxes, $140.379; other
income, $49,731; bond int.. $82,500; rentals, &c.. $139,169; bal.,def.,
$31,559. In 1912-13, gross, $541,089; net, $99,066.-(V. 69, p. 28.)
NORTHERN (N. H.) RR.-Owns Concord, N. H., to White River Jot.,
Vt., 70 m.; branch to Bristol, N. H., 13 m.; total, 83 m. Subsidiary lines.
Concord & Claremont RR., 71 m.; Peterborough & Hillsborough RR., 19 m
Lease to Boston & Lowell for 99 years from Jan. 1 1890 was assigned to
Bos. & Me.;rental was 5% on stook till July 1 1897, and now 6%,payable In
gold. Until July 1897 1% extra was paid regularlyfrom contingent fund.
Also In 1894, Jan.. 5% extra was paid; in 1896, July 2% extra; in '97. 5%
extra; In July 1904, 15% extra. In April 1911 Bos. & Me.received authority
to purchase stook. V. 92, p. 1108.-(V.65, P. 463; V.78, p. 2385.)
NORTHERN CENTRAL R Y.-Owns Baltimore, Md., to Sunbury, Pa..
136 m.; an double track-branch.9 m.; leases-Shamokin Valley & Pottsv.
RR., 40 m.; Elmira & Williamsport RR., 73 m.; operates at cost-Elmira
& Lake Ontario RR., 100 m.; Lykens Vail. RR., 19 m.; York Hanover &
Frederick RR., 56 m.; York branch Penn. RR., York, Pa., to Columbia,
13 m.; other, 4 m.; total. 449 miles. Uses other tracks, 23 m. V. 78. p. 773
The stockholders on Nov. 2 1910 voted to lease road to Pennsylvania RR.
for 999 years from Jan. 1 1911, the holders of the $19,342,550 stock to
receive a stock div. of 40%; also 10% in cash from treasury assets and a
guaranty of 8% on all the stock during the lease. V. 91, p. 154, 337, 464,
871. 1026. Two of the 3 suits brought by minority stockholders having
ended favorably and an injunction having been denied in the third. restraining the execution of the lease pending the trial, the lease was entered
into in July 1914. The stockholders in Aug. 1914 received, in addition to
the extra dividends called for by the lease named above, a cash payment at
the rate of8% yearly(28%)on the 40% stock dividend for the 334 years between Jan. 1 1911 and July 1 1914, representing accrued rental under the
lease. V. 99, p. 343. 49: V. 91. p. 1768; V. 92, p. 527, 1109. 1179; 1243,
1566; V. 93, p. 45, 286; V. 96, p. 572.
SECURITIES OWNED.-On Jan. 1 1915 among the assets held were
Elmira & Lake Ont. stock (all), $1.500.000; Sham. Val. & Pottsv. stock,
$619.650; Union Rft. stock. $1,225.000 (the bal. of $875.000 being held by
Phila., Wilm. & Bait.), &c. Also Southern Pacific Co., 31.848,700 (exchanged in July 1913 for Bait. St Ohio stock.
STOCK.-Penn. RR. on Jan. 1 1914 owned $10,577,200 of $19,343,244
outstanding stock. The auth. issue was Increased in Nov. 1910 from
$20,000,000 to $27,737,050. A 40% stock div. ($7,737,000) being paid
Aug. 5 1914 under lease; see above. V. 91, p. 1630; V. 98, p. 1695; V. 99.
p. 271. 538.
DIVS.- '88. '89. '90. '91. '92. '93. '94-'00. '01-'14.8ince under Lease.
7 8 9 7 yrly. 8 yrly.*
Per cent_ __ _ 7 8 8
8 yearly.
* Also Jan. 1907. 1234% paid in stock (52.149.169). V. 83, P. 471.
Also 10% extra in cash and 40% in stock under lease in Aug. 1914 and 28%
extra in cash representing 8% on 40% stock dividend for 2;i years from
Jan. 1 1911 to July 1 1914, during which lease was held up. V. 99, p. 343.
REPORT.-For 6 months ending Juno 30 1914, gross, $6.061,643; net,
after taxes, $163,827; other income, $863,226; int., rentals, &c., $573.417
&e., funds, $31,875; div. (4%), $773,700; bal.,1d9e1f1..
, $351,939. For
1913, given at length in V. 98, P. 604, 616, showing:
Year end. Dec. 311910.
$131,9
56
13
3,722 $128
1,94
Gross earnings
14
2,716 $12,745,867 512.798,828
Net earns. (over taxes). 51,059,357 $1,442,444 51,607.177 31.583138
1913.
1913.
.4
.44 Int. on bonds_ $361,316 $139
4122
Oper. income_$1,059,357 $1,149
.2
.22
6162
D
'tivi
fadcein
i.d
&sm8
Other income. 1.877.578 1.488.176 J
Isc
%
. 1.3
587
43:456
00
4 1,2
547
45105
00
Tot,not inc.$2,936,935 $2,930,620
Rents,oth.rds. $283,961 5316,525 Tot. deduc'ns $2 861 539 $2 679 932
Hire eq. bal__
204.780Balance. surp. 375,396 5250.689
285.298
_._(v. 98, p. 1994; V.99, p. 49,271, 343, 538, 1749; V. 100. p. 643.)
NORTHERN NEW BRUNSWICK & SEABOARD R Y.-Extends from
iron mines of Canada Iron Corporation, Ltd near Bathurst, New Brunswick, Canada, to Nipisiquit Junction, on the Intercolonial Total mileage
proposed, 26 miles. Bonds auth , $390,000 at $15,000 per mile, guar. by
Province of New Brunswick and Canada Iron Corporation.-(V 90. p.14911

FEB., 1915..1

RAILWAY STOCKS ANDIBONDS

RAILROAD COMPANIES
(For abbreviations, dec., see notes on first page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

101
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

16.9 1910
Bk Br NAm.NY,Mon,&L
$500
Nor New Brunsw & Seab-lst Mg gu $390,000 auth_
$253.500
4 g J & J Jan 1 1940
- - - -10 _
Northern of New Jersey-Stock guar (see V 69. p 81)
1,000.000
4
Q-M Mar 1915 1% 50 Church St, New York
21 1887
100 &c
do
Third mortgage (now first) interest guaranteed ---c
do
654,000
6
J & J July 1 1917
- -- 1900
do
do
Gen mtge $1.000,000 g int guar by lease_ _sm.xc•
U
1.000
154.000
4)4 gJ & J Jan 1 2000
162 1895
1,000 2,500.000
Northern Ohio-let Mg ($15,000 urn) gun-& I_Ce.xc•
Chase Nat'l Bank, N Y
5 g A te 0 Oct 1 1945
Northern Pacific Ry-Stock $250,000,000 authorized
-------100248,000,0007 in 1914 Q-F Feb 1 1915 131 J P Morgan & Co, NY
182 1883
St Paul & N P gen M land grant assumed _Ce.xc•&r
1.0001 7,885.000 i 6 g F Fe A Feb 1 1923
3 P Morgan & Co. NY
x
182 1883
1,000 .1
do
do
do
registered
1 6 g Q-F Feb 1 1923
do
Wash & Columbia River 1st M gold assumed_F.xc•
163 1895
1,000 b2,620,000
4 g J & J July 1 1935
Office 34 Nassau St. N Y
New mortgages of Northern Pacific Railway500 &c 111,652.500
Prior lien M $129,537,000 gold land gr_Ba.xe•&r See z 1896
4g
Q-3 Jan 1 1997
J. P Morgan,NY;& Ber p
General lien M $190,000,000 gold land gr_F.xc•&r See z 1896
500 &c a60.000.000
do
3g
Q-F Jan 1 2047
do
St Paul-Duluth Div pur money Ai $20,000,000(Lire
226 1900
1.000 8.080.000
4 g J & D Deo 1 1996
do
do
C B & Q coil tr Mg (red since Jan'06 at 105) S.c•&r•
- -- 1901 1,000&41 107.613,500 I 4 g J & J July 1 1921
do
do
do
r•
_ . _ 1901 1,000Feej
do
registered
1 4g
Q-J July 1 1921
do
do
100&c 20,000.000
Ref and Impt M gold (3,'S. fr) red textO.c*Fer* 6,271 1914
43i gJ & J July 1 2047
New York, &c.
Bonds Underlying St Paul & Duluth Div Mtge.
St Paul & Duluth first mortgage assumed__ _- „ze"'
167 1881
1.000, 1,000,000
5
F & A Aug 1 1931
J P Morgan & Co, N Y
Second mortgage assumed __ __ _ _____ Ce.zc•
167 1887
1,000 2,000.000
5
A & 0 Oct 1 1917
do
do
Duluth S L 1st ld p & i sink fdnot
_25 1886
1.000
drawn_Ce.ze
500.000
5
II & S Sept 1 1916
do
do
Consol mtge assumed 55.000,000 gold __Mp.ze
1.000 1,000.000
238 1898
4 g J Re D June 1 1968
do
do
Northern Pac Term Co-First M gold red 110 __F.xc•
_ -- 1883
1,000 3,070,000
6 g J & J Jan 1 1933
Winslow,Lanier& Co,N 4
Northern Railway (Cal)-See Southern Pacific RR.
Northern Securities-Stock $3,954,000
__ ._ - -- -- -- -100 3,954,000 See text. See text. Ian 11 '15 2% Checks mailed
Northwestern Coal Ry-First M guar (end)gold_
__-zc•
_ - - 1893
1.000
62,000
5 g M & N May 1 1923
Farmers' L & T Co. N N
Northwestern Pacific-Stock ($35.000,000) __ _471 __ __
100 35,000,000
-E
Cal Northw 1st Mg guar by SF & Nor Pac sk _fcl- _z
40 1898
1.000
945,000
5 g A Fe 0 Apr 1 1928
San Francisco
San Francisco & Nor Pacific 1st Mg s f __ Ba_ze&r
165 1889
1.000 3.693,000
5 g J Fe J Jan 1 1919
New York and Frankfor
lst&ref M $35,000,000 g red 110 aft 10 yrs_.F.xc•&r
_ - 1907 1.000 &c See text
4)4 iSi & S Mch 1 1957
New York
66 1899
Northwestern RR of South Caro-First M $375,000-x
1.000
285,000
4
A & 0 Apr 1 1949
Safe Dep & Tr Co. Balt(
equipment gold bonds
do
1914
I
22,500
April 1 Apr 1 1919
5
do
do
Ai
gold red
_ __ 1906
Ba.c*
Northw Term Ry-let
b g 3 & J July 1 1926
Bank Tr Co. NY & Bern
1.0001 2,025,000
a 5.130 miles, in cludin g 40 in ties not operated; spurs. 261 miles
D Berlin at 4.20 marks per dollar.
Of which in treasury June 30 1914:
a 5.39 8,500. b 2.480,000.

NORTHERN RR. OF NEW JERSEY.-Owns from Croxton, N. J., to
Sparkill, N. Y.. 21 m.; leases Sparkill to Nyack, 5 m. Leased to the Erie
RR. from June 1 1899 for the term of its corporate existence, for Interest
on bonds, 4% on $1,000,000 stock, payable quarterly, taxes, and all coroorate expenses. Of the $1.000,000 new 41,4% gen. mtge. bonds, $654,000
are reserved to retire 6s due July 1 1917. See V.69. p. 81.-(V. 71, p. 30 )
NORTHERN R Y. COSTA RICA.-See V 71. p. 1067. and United Fruit
Co. (V.92, p.527; V.93, p.527; V.94, p.560; V.95.p.544; V.100,p.643.)
NORTHERN OHIO RAILWAY.-(See Map Lake Erie & Western.)Owns Akron to Delphos.0., 162 miles. Leased for 999 years to L.E.& W.,
which guarantees bonds (V. 62, p. 826) and owns the 33,580,000 common
stock. Pref. non-cum. 5% stock. $650,000; par. $100. Mortgage for
$4,000,000; $1.500.000 reserved for exten's at $15,000 p. in.; V. 66, p. 337.
NORTHERN PACIFIC RAILWAY.-(See Maps.)-Operates one of the
leading lines to the Pacific, having its eastern terminal at St. Paul, Minn.,
and Duluth, Mimi. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota and North Dakota, the
mining district of Montana and the farming country of Washington to
Tacoma and Seattle and to Portland, Ore., with branches.
Miles.
Main LineMiles.
Leased to OthersAshland, Wis., to Portland,
To other companies44
Ore. (incl. 5 m. terminals) __2,171 To Province of Manitoba
289
Brainerd and Staples to St
Not operated
22
Paul _
181
Tot.(inc1.166 m.trackage)&e.6.708
Other lines
485
Controlled PropertiesTotal main line ________
2,837 Minn. & Intern. (V. 77. p. 451) 175
Various branches
-3,517 Other companies_
121
Total, Incl. 5 miles trackae
Total system June 30 1914 --7.004
(operated directly)-------6.354 Second track__ _________ 636
The Manitoba branches, aggregating 354 m., were leased for 999 years
from May 31 1901 to the Provincial Government and sub-let by the latter to
the Canadian Northern By. at a rental of $210,000 annually for the first 10
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
$300,000, with option of purchase any time for $7,000.000. V. 73, p. 610.
Owns jointly with Great Northern the stock of Spokane Portland & Seattle By.. extending from Portland to Spokane, Wash., with branches;
total. 556 miles; additional properties being acquired in 1911-see that co.;
see V. 81, p. 1101: V. 83, p. 1111: V. 86, p 1530. The Sp. Port. & Seattle
owns the Oregon Electric and United Rys. of Portland. V. 91. p. 1178.
In 1909 arranged for joint use of Co's line. Tacoma to Vancouver, Wash.,
135 m., with Gt. Nor. and Un. Pea; V 88, p. 1373: V. 93, p. 1030.
In 1912 the Midland By. of Manitoba. formed in the joint interest of the
company and the Great Northern, obtained trackage rights from the Canadian Northern By. between Emerson, Man., and Winnipeg, 68 miles, for
20 years. with provision for 999 years. V.95. p. 298.1129; V. 97.p. 1038.
In Nov. 1914 the Gilmore & Pittsburgh RR., Armstead, Mont., to Gilmore. Ida., 103 miles, which was formerly controlled, was taken over
directly. V. 99, p. 1529. Cut-off from Port Defiance to Tacoma. Wash..
43miles, opened Dec. 15 1914. V. 99, p. 1749.
HISTORY.-This Wisconsin company on Sept 1 1896 succeeded to the
railroads, land grant and other property of the Northern Pacific RR.,
foreclosed in July 1896 and reorganized per plan in V. 62. p. 550.
The original Northern Pacific Company was chartered by Congress July 2
1864: 450 miles to Bismarck were foreclosed in 1875.
1915.
DIVIDENDS.5. '06. '07. '08. '09. 1910-14.
7 7 yearly
7
On common.__(o) 7
7
7
•Also Dec. 1908. 11.26% from surplus of N. W.Impt. Co. V. ao, p. 1238.
BONDS.-The Refunding and Improvement Mortgage of 1914 covers
6,271 miles of road,on 847 of which it is a first lien. It 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 capital stock, now
amounting to $248.000,000. When the amount of bonds issued thereunder
(bearing interest at rates to be fixed) reaches $500.000,000. further issues
must be limited to 80% of the cost of property placed under the mortgage.
Bonds of any series may be made redeemable before maturity or convertible
at the election of the holders into capital stock on terms and dates to be
fixed. Of the bonds, $421,492,500 are reserved to retire, $ for 3, prior
bonds (including Nor. Pac.-Great Nor. joint bonds,) at or before maturity.
In July 1914 $20,000,000 Series A 434s were sold to retire $10,000,000 6%
bonds and on account of improvements, redeemable as a whole at 110 and
int. on or after July 1 1919 at 110 and int. V. 99, p. 120, 271.
Abstracts of new prior lien and general lien mortgages of 1896 were in
V. 63, p. 1012-1019, 1072; see V. 99, p. 49.
Prior lien 4s purchasable with land sales at not exceeding 110
(but not subject to call), not over $500,000 cash yearly to
be so applied. Total issue. $130,000.000; issued
$111,69
258
2:3
55
00
0
Originally reserved, but no longer issuable
Issued. but purchased and canceled
7,199,150
Reserved to retire St. Paul Fe N. P.Vand West. RR. bonds..
8.350.000
For new construction, betterments, equipment, &(), under
carefully guarded provisions, but not exceeding $1,500.000
per annum. Originally 525,000,000-still held_
2.500.000
Of the gen. lien bonds, 5130,000.000 are reserved to retire the prior lien 4s
The St. Paul et Duluth Division mortgage secures 320.000.000 purchase
money bonds on the former St. Paul & Duluth. of which 69,215,000 were
issued to acquire the road, $5.283,000 are reserved to retire existing St. P
& D. bonds and the balance for improvements to the property. V. 70, p.
1250: V. 71, p. 1167. The lands included in the grant of the former St. Paul
& Duluth are being sold and proceeds applied to purchase of the bonds at
not over 105 and int., or, if not purchasable at that price, then to betterments,improvements or additions to the mortgaged premises or equipment
therefor. To July 1914 $2,473,000 had been thus purchased and canceled.
V. 71, p. 1167; V. 72, p. 339.
LAND GRANT.-The land grant was 12.800 acres to the mile in the
States of Minnesota and Oregon and 25,600 acres per mile in the (then)
Intermediate territories. Unsold on June 30 1914. 9,306,408 acres, viz :

Minnesota and No. Dakota 21,253 Idaho
406.753
Wyoming
49,454 Washington
1,962,563
Montana
6,076,137 Oregon
275,305
Sales in 1913-14, 588.734 acres. Consideration, $3,458.379.
FINANCES.-In 1904 Nor. Pac. and Gt. Northern had acquired 5107.612,600 of the 5110,839,100 stock of Chic. Burl, & Quincy RR. in exchange
for their joint 20-year 4% gold bonds secured by the deposit of the stock in
trust, on the basis of $200 in bonds for each $100 stock. See circular,
V. 72, p. 871, 1034, 1135; V. 73, p. 294. 610; V. 85. p. 601. In July 1913
sold 510,000,000 one-year 6% notes. V. 97. p. 118.
•
EARNINGS -fl mos.,f1914
Gross, $35,579,876; net, $15,016,545
July 1 to Dec. 31.
11913
Gross, 40,168.726; net, 16,389,854
REPORT.-For 1913-14 in V. 99, p. 1047.
Years ending June 301913-14.
1912-13.
1911-12.
Average miles
6,325
6,260
6,025
Freight earnings
348,058,812 352,270,686 343,793,521
Passenger earnings
15,707,000 15.808,036 15.343,752
Other revenue from transportation.._ 3,568,383
3,546.576
3,357.865
Revenue other than transportation
1,210.606
1.050,841
928,808
Total operating revenue
Operating income (over taxes)
Other income

$68,544,801 372.676,139 363,423,926
$22,346,984 324.312,633 321.839,101
5.639,674
4,625,873
5,031,844

Gross income
Rentals paid
Interest on funded debt
Dividends on stock (7%)

527,986,658 $28,938,506 $26,870,944
3537,303
3526.320
$611,894
7.719,517 6,837,685
6,680,810
17,360,000 17,360,000 17,360,000

Net surplus for year
$2,295,247 $4,203,518 32,303.814
DIRECTORS.-William P. Clough (Chairman), Jule M. Hannaford
(Pres.), Arthur C. James, George F. Baker. William Sloane, J. P. Morgan.
Lewis Cass Ledyard, Charles Steele, James N. Hill. Amos Tuck French.
Wm. S. Tod, Thomas W. Lamont, Geo. F. Baker Jr.. Payne Whitney.
Grant B. Schley. N. Y. office, 34 Nassau St.-(V. 99. p. 1598. 1749.)
NORTHERN PACIFIC TERMINAL CO. OF ORECON.-Owns terminals
on the Willamette River, Ore., at Portland, East Portland and Albina.
comprising 270 acres land. 40 m, track, dock frontage 7.904 feet.
LEASE.-Leased for 50 years from Jan. 1 1883 jointly and severally to
Northern Pacific, Oregon By. & Navigation and Oregon Fe California, with
guaranteed rental to pay interest, sinking fund and taxes; leases assumed
in 1899 by new Nor. Pac. and Oregon RR. & Nay. V. 69, p. 230.
STOCK.-Stock (53,000,000) owned by said three companies (40% by
Oregon By. & Nay. Co.. 40% by Nor. Pac. and 20% by Oregon & Cal.
RR.). and held by Central Trust Co. of New York, to be delivered after
payments to the sinking fund, which is to cancel the bonds.
BONDS.-The first mtge. is for $5.000,000; in Feb.1915 34.323,000 had
been Issued, of which $1,253.000 retired by sinking fund drawings at 110
and int.-(V. 96, p. 203; V. 97, p. 176; V.98. p. 237; V. 100. p. 230.)
NORTHERN SECURITIES CO.-In 1904 the U. S. Supreme Court declared the company to be a combination in violation of the Anti-Trust Act.
and therefore illegal. V. 76, p. 811. 919, 1249; V. 78. p. 1168.
The stockholders voted on .April 211004 to reduce the stock from $395,400.0001053.954,000.the par value of shares to remain at $100.representing
the remaining assets in the treasury, pending completion of dissolution.
V.78, p. 1223. 1275, 1392. Report for cal. year 1914 was in V. 100, p. 306.
DIVIDENDS.-On stock as reduced 5% yearly 1906 to 1908;
Jan., 4%; 1910, Jan., 234%; 1911. Jan., 4%: 1912. Jan., 3%; 1909.
1913
1914 and 1915, Jan., 2%. V. 93, p. 1600.
OFFICERS.-Pres., James J. Hill; Sec. and Treas.. Nicholas Terhune.
Office, 26 Liberty St., N. Y.-(V. 98, p. 302; V. 100, p. 306.)
"NORTHWESTERN".-See Chicago & North Western By.
NORTHWESTERN COAL R Y.-Allouez Bay, Wis., to Allouez Jet.,
'2.53 miles, with coal wharf covering about 80 acres of land. V. 71, p.Wis..
Owned by the Pittsburgh Coal Co., which guarantees the bonds. 698.
see
official 0-ntentent. V.71. n. 698. Cap.stock, $1,000,000. For VOA r
1913-14.
gross
p.gr ,
8$
)
23
; op. def., $762; int. & taxes, $2.805; bal., def.,
$3,377.-(V. 71.
NORTHWESTERN PACIFIC RR.-(See Map Atch. Top &
S. F.)Operates a system extending from Point Tiburon
and Sausalito, Cal.
(whence ferry to San Francisco, 6)4 miles), northerly
to Eureka, with
branches. 401 miles in all. Incorp. Jan. 8 1907 in the interest
of Southern
Pao. and Atch. Top. & San. Fe, which each
$17,500,000 stock, and
took over by consolidation the Cal. & N. W.,owns
the San Fran. & Nor. Pao..
North Shore RR., San Fran. & Northwestern.
Klamath River
Eureka
and Fort Bragg & Southeastern. A connecting line
miles built from
Willits to Shively. V. 95, p. 111; V. 96, p. 1489. of 106
BONDS.-San Fran. & North. Pao. 5s issued at 525,000 per mile; a. f..
525,000 yrly.; bonds drawn at 110 and int. (mtge. abstract, V.49.
p. 241.1
Of the 1st and refunding 4}is of 1907 (335,000,000 auth.). 317,639.000
was outstanding June 1914, all owned
by Southern Pacific, and $5,534.000
had been authorized by the Cal. RR. Commissioners, but was not yet issued; the mtge. reserved $6,676,000 to retire a like amount of underlying
bonds, $5,000,000 for impts. and equip. and $13,324,000 for branches or
extensions, incl. one from Shively to Wiliets and from Wendling to connection with line from Ukiah to Tiburon and Sausalito. V. 84, p. 221, 694;
V. 85, p. 222; V. 96, p. 1773: V. 98, p. 1316.
EARNINGS.-6 mos., 914
Gross, $2,047,129; net, $669,396
July 1 to Dec. 31.
Gross, 2.096,107: net, 747,371
V.913
1
For year ending June 3 1914, gross, $3.872.086; net, after taxes, $1,035,874; fixed charges, $708,394: bal.. sur., 3327.480.-(V. 99. P. 1215.)
NORTHWESTERN RR. OF SOUTH CAROLINA.-(See Map Atlantic
Coast Line.)-WIlson Mill, S. C., via Sumter to Camden,62 5 miles; branch
Millard to St. Paul,3.5 in,; trackage,Sm.;total. 71 miles Stock, $100,000.

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104

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
For abbreviations, ac., see notes on first page]

Miles Date
Road Bonds

Par
Value

72 -_
$100
Norwich & Worcester-Preferred stock 8% rental...._
Bonds (not mtge) int guarunderlease.cur ____zc&r - 1897
1,000
734 1902
500 &c
Norwood & St L-lst 31 *300.000 g red 110 1912__Eqx
t:lst M $5.000.000
Ocean Shore Rif
1 ____
100
Ogden Mine R -Stook (5% rental Central of N J)-Ogdensburg & Lake Champlain Ry-See Rutland RR
9 1903
1,000
Ohio Conn R y-lat M $2,000,000 g gu (text)____Fko•
26 1896
1.000
Ohio & Kentucky-let M gold sk Idcall at 110-Ce.zo•
z
15-year debenture certs ext in 1914 at 6%
1899
Ohio & Little Kanawha Ry-See Bait & Ohio RR.
Ohio River-See Baltimore & Ohio
111 1902
Ohio River & Western-First mtge $600,000 gold F
1,000
x
2. 1913
Oil Bolt Ry-lst M 82.500.000 g red text
100 &c
Oklahoma Central-Common stock $1,500,000
Col_yc*
First mortgage $1,200.000 red par
-------200 &c
Income bonds $1,500.000
500 &c
o•
Old Colony-Stock 7% guaranteed by rental
100
Bonds not mortgage
zr
1.000
Bonds not mortgage (auth $3,000,000) gold_ze&r
-- 1894 1,000 doc
Bonds not mortgage
zo&r
--- 1895 1.000 &o
Bonds not mortgage
zo &r
__ 1902 1.000 doc
Opelousas 0 Er N E-let 1.1 $5,000.000 g gu(text)-Bax
57 1906
1.000
Oregon & Cal-let M g drawn at 100 SU ICI & I-Un•ZO
. 670 1887
1.000
Oregon Pacific & East Ry-1st M $500,000 gold__
20 1914
Line
Co)
RR-First
g
Short
(Ry
__so*
mtge
Oregon
611 1882
1,000
Utah & North let M ext 1908(V 86, p 1410) _ _zoo
488 1878
1,000
Cons M gu $15,000 p m s foot drawn g -AB.zo•
48: 1886
1,000
Cons let M ;36.500.0N g (let Mon 400 m)
- -GAO* 1.178 1897
500 &o
Ref pei $100,000,000 g gu red (text)
Eq.xo*&r
--- 1904 1,000 &o
Income bonds Series A 5% non-cumulative.---OBz - 1897
500 &o
do
Series B non-cumulative
Gs
--. 1897
500 &o
First & cons If *150.000,000 g red text__Ce.xo•&r•
--- 1910 1.000 &o

1888

[VOL. 100.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

Amount
Outstanding

Rate
%

83,000,000
1,200,000
300.000
See text
450,000

8
4
5g
5

J

1,970,000
250,000
175,000

4g
5g
6

Id do S Sept 1 1943
J & J July 1 1926
J & D June 1 1919

When
Payable

Q-j Jan 1 1915 2% Mech Nat Bk, Worcester
M & S Mch 1 1927
Company's office. Boston
A & 0 Apr 1 1932
City Nat Bk, Watert.NY
&

J Jan 1915234% 608 Chestnut St. Philo
Farmers' L & Tr Co. NY
1 Broadway, New York

600,000
4 g 11 do S Sept 1 1952
Flambleton & Co, Bait
5 g j & D Dec 1 1943
See text
Ft Dearb Tr &El B. Chic
1.500,000
New York
1,200,000
5 g F & A Aug 1 1934
1,500.000 up to 620 years
1 Treasurer's Office, Bost
Q-J Jan I 1915 14,
22,294,000
7
4
J & J Jan 1 1938
4,000,000
do
do
3,000,000
4 g F & A Feb 1 1924
do
do
J & D Deo 1 1925
4
5.598.000
do
do
do
334 J & J July 1 1932
1.000,000
do
1,143,000
5 g 1,1 do S Mch 1 1956
In default
5 g J & 3 July 1 1927
Southern Pacific Co. N Y
17.745,000
5 g .1* & J Jan 1 1934
330,000
165 Broadway. NewYork
14,931,000
6 g F & A Feb 1 1922
do
4,991,000
4 (7) J & J July 1 1933
do
do
1,796,000
5 g J & J July 1 1926
do
do
12,328,000
5 g J & J July 1 1946
do
do
See text
do
4 g J & D Deo 1 1929
do
x273,500 5% In Sept1914 July 1 1946
do
do
July 1 1946
Oct
do
x25.000 4 in 1914
See text
J & D Deo 1 1960

x Amounts held by public.

Dividend. 6% paid yearly Dec. 1900 to 1902; 1903 to 1905. 6%: 1907 and
1909. 4%; 1910, 5%; 1911 and 1912, 6%; 1914, 4%. Year 1913-14.
gross, 8122,925; net. 525.799; other income, $1,708; interest, rentals, &c.
$25,790; bal., sur., $1,717. In 1912-13, gross. $111,605; net, $29,057.
NORTHWESTERN TERMINAL RY.-Owns terminals covering 36 acres
at Denver and 54 acres of right of way in that city, and 40 acres of freight
terminals at Utah Junction,3 miles north of Denver. Leased for 50 years
from Jan. 1 1914 to Denver & Salt Lake ER.. which owns the $3,000,000
stock, rental covering interest on bonds, operating expenses and taxes.
V. 98, p. 913. Bonds ($3,000,000 auth. Issue) are redeemable to July 1
1916 at 105 and int.; thereafter at 10234. V. 89, p. 994: V. 90, p. 503.
Denver Laramie & N. W.also uses facilities.-(V.98. p.913.)
NORWICH & WORCESTER RR.-Owns from Groton, Conn.. to Worcester. Mass..71.04 miles. Leased to New England RR.for 99 years from
Feb.1 1869(now N.Y. N.H.& H.); rental8% on pref.stock.-V.70.p.125.
NORWOOD'& ST. LAWRENCE RR.-Norwood to Waddington. N. Y.20 miles, incl. extension, 13 m., opened July 1909. Stock, $100,000; par
of shares. $100. Bonds are subject to call at 110 since April 11912. V.95.
p. 1542. Year ending June 30 1914, gross. $83,975; net, $26,432; bond
int.. $5,000; other int. and hire of equip. $17,800; dive. (5%). 52.083;
bal., sur., $1,549. In 1912-13, gross, $96,193;
' net, 537.148. Pros., John
Weekes; Treas., Frances M.Hugo; Sec., Robt. J. Buck.-V.74. p. 1090;
V.195, p. 1542.
OCALA NORTHERN RR.-V. 100, p. 56.
OCEAN SHORE RR.. CALIFORNIA.-Owns partly construoted road,
double-track, to extend from San Francisco, Cal., to Santa Cruz, 80 miles.
of which 38 miles south from San Francisco and 15 34 north from Santa Cruz
Is completed, leaving gap of 2634 miles. Incorporated Oct. 9 1911 as suocessor of Railway Co. foreclosed Jan. 17 1911. Stock, 55,000,000. of
which $3.856,950 outstanding Apr. 1914, given to bondholders of old co. In
exchange for their securities. V. 96, p. 1229. An assessment of $10 per
share, which produced 5388.000. was levied early in 1913 and all debt paid
off; $5 per share levied, sale day Aug. 4, and $5 per share levied, sale day
Sept. 2 1914. V. 98, p. 1460. The stockholders on Jan. 5 1914 auth. an
Issue of $5,000,000 bonds. The application to issue $200,000 bonds to electrify road between San Francisco and Halfmoon Bay was withdrawn in Sept.
1914. V. 97. p.1505; V. 98,o. 236. 611: V. 99,0. 748. Earnings for cal.
year 1912 were: Gross, 5272,162: net. $47,188; deductions. $28,406;
bal.. sun, 518,782. Pres., F. W. Bradley; V.-P. & Gen. Mgr., John G.
Sutton; Sec. & Treas., J. W. Crosby. Office, 52 11th St.. San Francisco.
Cal.-(V. 98, p. 611. 1460; V. 99, p. 748.)
OCILLA SOUTHERN RR.-V. 99. p. 1911; V. 100, p. 399.
OGDEN MINE RR.-Owns Nolan's Point (Lake Hopatcong) to Sparta
(or Ogden Mine), N. J., 10 miles. Leased for 999 years from Jan. 1
to Central RR.of N.J.for 5% per ann. on stook and $500 yrly. for org.1882
exp.
OHIO CONNECTING RY.-Owns bridge over Ohio River near Pittsburgh, Pa.. and approaches, 9.07 miles, Leased from
Oct.
20
1890
for
no
definite time to Pitts. Cincin. ChM. & St. Louis Ry.: rental, net
earnings.
Stook increased in Dec. 1902 from $1,000,000 to $2.000.000, In
$50
shares.
Bonds are guaranteed as to principal and Interest by endorsement by
Penn.
sylvan% Company, which on Jan. 1 1914 owned the entire
stock. Form of
guaranty. V. 81, p. 669. Divs. in 1906, 5%; 1907 to 1913,
7%.
For
cal.
year 1913. gross. $496,572; net. $244,052,• other income, $91.295; charges,
80,960; div.(7%),$140,000; sinking fund, $9.707; bal..surP..
$104,679.V. 82. p. 7523

f

OHIO & KENTUCKY RY.-Owns from Leg. & East. Ry. at Jackson,
Ky.,to Malone.39 m., incl. 7 m.from Cannel City to Malone, opened
1
1911, and 6 m.from Malone to Licking River. completed Jan. 1912.June
Common stook. $200,000; pref. stock. $100,000. let U. bonds are guaranteed
by Kentucky Block Cannel Coal Co. Year ending June 30 1914. gross,
$99,337: net, $24.901; int., taxes, &c., $34.630; bal., def., $9,729. In
1912,13. gross,$95.217; net,$24.578; int..taxes.&c., $30.782; def., $6,204.
Pres., W.deL. Walbridge, 1 Broadway, New York.-(V.98,
P. 1695.)
OIL BELT RY.-Owns Bridgeport to Oblong. III., 25 miles, and is
extended 80 miles, making a total of 105 miles from Charleston tobeing
Mt.
Carmel, Ill. Incorp. In Illinois in 1910. Steam
electric cars.
Stock auth., 52,500,000,• outstanding. $525.000;and gasoline
$100. Bonds ($2.500,000 auth.issue; Fort Dearborn Trust & Savingspar.
Bank,
trustee).
of which $500,000 cover first 25 miles. and were held in Chicago,
the treasury Jan.
1915; future issues limited to $20,000 per mile, completed,
including
equipment; $400,000 reserved for not exceeding 90% of cost of improvements, provided net earnings are twice interest charges.
at
105 on and after Dec. 1 1918. V. 96. p. 286. Pres., Redeemable
W. E.
Sec.-Treas., T. M. Mooney. Office, Bridgeport, Ill.-(V. 96, p. Finley;
286.)
OKLAHOMA CENTRAL RR.-Owns Lehigh. Okla.. to Chickasha. 128.45
branch, 1.92 in.: leases Ada Terminal. 1.86 m.; Chickasha Terminal.
3.44 in.; total. 135.67 miles. Successor Aug. 1 1914 of Railway of same
name foreclosed July 31 1914, per plan V. 98, p. 1845.
The Atch. Top.& Santa Fe or one of its subsidiaries has leased the road for
5 years from Aug. 1 1914 with privilege of renewal for another 5 years. the
lessee to pay for maint., taxes, &c., $60.000 yearly the first 3 years,
$77.500 the 4th and 5th year and 5100,000 per year if lease Is renewed.
The committee will grant an option to the lessee to purchase all of the income bonds and stock of the new company (a) during the first 3 years of
'
,ears for $875,000. and
the lease for $800,000: (b) during the 4th and 5th
(e) if lease is renewed,during the neat 5 years for $950,000, which amounts
29.16%
2-3%.
and 31 2-3% for the
26
about
respectively
would represent
paid during the first 3 years will
old 1st M. bonds. As the rental to be
can
be
interest
paid on the
no
M.,
1st
the
on
interest
cover only
income
int.
bonds: after 3 years, the excess rental can be applied toward the income
V. 99, p. 408.
oper. def.. $2,859; int.,
For year ending June 30 1914, gross. $255,666;
1912-13,
gross, $292,429; net,
taxes, &c., $82,604; bal., def., 585,463. In
$42.114.-(V. 98, p. 1994; V. 99, p. 49. 121, 199, 408. 467.)
OKLAHOMA PACIFIC RR.-V• 98, P. 611.

OLD COLONY RR.(MASS.)-Owns road from Boston to Provincetown.
Wass., Newport, R. /.. &o.. 533 miles; leases 101 miles In June 1907 a
bill was passed permitting purchase of Boston & Providence (leased line).
LEASE.-In 1893 leased to New York New Haven & Hartford for 99
years. Of the stock, $9,813,200 was on June 30 1914 held by the lessee.
The lease provides for dividends of 7% per annum on stock not exchanged.
V. 76. p. 247, 374: V.93, p. 1726. 1789; V.94, p.68.-(V.96. p.286.)
OPELOUSAS GULF & NORTHEASTERN RR.-Owns 57 miles from
Melville to Crowley, opened Oct. 2 1907. On Oct. 30 1914 W. H. Peterman of Marksville. La. was appointed receiver. V. 99, p. 1367. Stock
'of which Texas & Pacific owns $1,400,000; par of
outstanding, $1,421,475,
shares, $25. Bonds authorized. 520,000 per mile; will be guar. by Texas &
Pacific as issued. The $1,143,000 bonds issued are all owned by the Texas
& Pacific. V. 82, p. 98; V. 83, 0. 688; V. 86, p. 792. Sec., P. B. Bert,
Opelousas, La. N. Y. office. 165 Wway. V. 99, p. 1367.
OREGON & CALIFORNIA RR.-(Sea Map Southern Pac.)-Portland,
Ore.. to California State line. 367 m.: Albany Jot. to Lebanon, 11 m. Portland to Corvallis, 101 in.; Lebanon to Woodburn,49 m.; Portland, Ore., to
Airlee. Ore.,75in.; Mohawk Jct. to Wendling,16 m.; Salem to Geer,7m.;
Springfield Jct. to Tallman, and branches, 54 m.; leases, 16 in.; total
697
1.Enill
ASee
i, &o.-Leased to Southern Pacific Co. for 34 years from Aug. 1
1893, the lessee guaranteeing int. on the bonds and the lessor receiving any
net profit and being charged with any deficit after payment of charges.
Betterments are payable by lessor. South. Pao. owns all but $48,000 of
the $19,000,000 stook $12,000,000 of which is 7% pref. V.72,p. 287. Due
So, Pac, June 30 1914.
' $2.181.855. Litigation. V. 88. p. 376; V. 92. P.
1243; V. 98. p. 1298; V. 97, p. 666.
BONDS.-Land grant acreage unsold June 30 1914, 2,346,429, part being covered by the mtge., proceeds of land sales going to redeem bonds
(subject to call at par). The Southern Pacific guaranty of principal and
Interest is printed on each of the 5% bonds. See V.63, p. 764.
EARNINGS.-Year ending June 30 1914, gross. 58,525.820; net, $2.961,306; other Income, $14,470: Int., taxes, &c., 52,420.699; bal., sun.
$555.077.-(V. 88, p.376; V.92, p. 1243: V.98, p. 1298; V.97, p.666.)
OREGON SHORT LINE RR.-(See Map Union Pacific.)-Granger, Wyo•
to Huntington. Ore.. 542 miles; branch to Ketchum, Ida., 70 in.; Ogden to
McCammon.
111 m.; Pocatello to Silver Bow, Mont.. 258 m.; Cache
Jot., Ida., to Ida.,
Preston. Utah., 51 m.; Ogden. Utah, to Sandy,49 m.; sundry
branches, &c.,864 in.; Butte to Garrison, Mont..57 m. owned, but leased
to Nor. Pac., less 48 m._operated by. Oregon Short Line under trackage
rights; leased from Ore.-Wash. RR. & Nay. Co., 154 m.; leases Central
Idaho RR., Richfield to Hill City, Ida., 58 m., and Salt Lake & Idaho ItR..
Burley to Marshfield, Ida., 9 in.; trackage. 11 m.; total June 30 1914.
2,168 miles.
On July 7 1903 the portion of the main line from Salt Lake City, Utah. to
Calientes, Nev.. 512 m,in all, was taken over under purchase by an Pedro
Los Angeles & Salt Lake Ry., the Short Line acquiring a half interest in
San Pedro L. A. & S. L. V.79, p. 1705: V.76, p.919. 1356: V. 77. p.38.
HISTORY.-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. See also bonds below. V.84,
13. 52, 572. 932. In Sept. 1914 sold $5,696,475 stock and $993,000 bonds
of Utah Light 84 By., Salt Lake City. V. 99. p. 971.
CAPITAL STOCK.-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-cumulative 5 per cents, have received: In Sept.
1897,4%;Sept. yrly. since. full 5%,at N.Y. office or Old Col. Tr., Boston.
The U.P. RR.Co.owns all but $25,000 of the income B bonds. Series B
received in Oct. 1898 3% and in Oct. 1899 to 1914, inclusive, 4% yearly.
V. 65. p. 572; V. 66, P. 1141.
The Union Pacific owns all but $273,500 of the $7,185,000 original issue
Income A bonds and the U. P. all but 525,000 of the $14,841,000 B bonds.
The ref. gold guar. 4s (collat trust) of 1904 (authorized issue, $100.000.000) are subject to call at 10234. The bonds, of which 545,000,000 have
been sold, secured by pledge of 58,700,000 Illinois Central RR. stock,
34018,700 Chicago & North Western Ry. pref. stock, $1,845,000 Chicago
Milwaukee dr St. Paul By. pref. stock, $27,577,000 San Pedro Los Angeles
& Salt Lake 4s and 520,0110,000 N. Y. C.& H. R. RR.stock. The collateral may be replaced by other of 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 limited to 5%). $34,422,000 will be reserved to retire underlying bonds and
$36.360,000 Ser. A 4s which were issued for corporate purposes are In the
U. P. treasury; Ser. A are subject to call as a whole at 105 beginning Dec.
1915. other series on such terms and at such times as the directors or exec.
311,1i:2
.41
05
.8
17
2;
1
g
et.
.8
comm. may fix. None sold to Feb. 1915. V. 9
%1
9127
59
.0
.76
$11,240,871; net,
EARNINGS.-6 mos., II.914
1913
Gross, 12,721,312; net, 6,006,488
31.
11
9134. gross, $22,005.593; net, $9,837,645. In
3 19
Fojrulyyea1r1eenDdieenti
,I
8n 1911-12.sg
.
,..51110,
nt
6:19
19
.,81
5n
gross,
tr.oss
.
46
$22
70
32
.
05
54
,8
22
02
3
15
91
8:
2-n
let
3
.68
94
56.-;
gross. 519.883.467.
net, $9,494,412. asst. $11,280,384; taxes. 5846,046; other income, $13,807.527; int. on bonds. &c.. 58,856.965; bal., sur„ $13.598.928.-(V. 9P •
P. 136. 1424: V. 100, D. 141.)
OREGON PACIFIC & EASTERN RY.-Cottage Grove to Disston
20 m.; branches,4 m. Successor Jan. 1914 to Oregon & southeastern ER..
foreclosed. V. 90, p. 1297. Stock auth., 5700,000 corn, and $300,000
pref.; outstanding, $200,500 corn.; Par,$10. Bonds, Union Trust Co., San
Francisco, trustee. See table above. V .98. p. 237.
$2,o
4l7; int., taxes,
For year ending June 30 1914. gross, 514,288; net,'Cottagem
doorokv l
nanc
ilo
ocrk
e
&c., $3,584; bal., def., $1,167. Pres., GA..IBB..ivooIlengder.
Chicago; Sec., J. B. Protzman; Treas.,
-(V.98, p. 237.)

FEB. 1915.

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
(For abbreviations, &c., see notes on first page)

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

105
Last Dividend (Places Where Interest and
Dividends are Payable
and Maturity

Office 165 B'way, N Y
- - ---$100 $50,000,000
Oregon-Wash RR & Nay-Corn stk $50,000,000 auth_
New York and Germany
1.000 23.380.000
4 g J & D June 1 1946
Ore RR & Nay cons(now 1st) $24,312,800 g --N.xo• 1,13 1896
New York and London
4 g J & J Jan 1 1961
* & £ 39,400.300
lst&ref M $175,000,000 g gu p & I red 105.F.xo•&r• Text 1911
Del Lack& West RR,NY
)1
20
Feb
1915
4
1,320,400
9
F
&
A
20
35
---50
DL
&
W
Oswego & Syracuse-Stock 9% guaranteed
do
do
Consolidated mortgage (guaranteed by D L & W)__
1,000
438.000 See text See text Matured
35 1876
do
do
5
M & N May 1923
668.000
Construction mortgage guar (for $1,000.000) ---F.x
35 1883
1,000
Overton County RR-See Tennessee Kentucky & N orth n RR.
Ozark & Cher Cent-See St Louis & San Francisco
Sow Nat Bk, Comm,KO
6 g F & A Feb 1 1917
150,000
35 1915
Ozark Valley RR-lst M gold
Colum-Knick Tr Co, NY
--_ 1909
100 &c
300,000
6 g J & D June 1 1937
Pacific & Eastern-lst M gold redeem text --Col.x
Brown,S& Co,Lon&Vict.
£1 &c .S2.925,000
--- 1912
454 1 & J 15 July 15 1942
Pacific Great Eastern-lst M 4%% guar deb stock
Guaranty Trust Co. N I'
$860,000
5 g M & N Nov 1 1949
Pacific & Idaho North Ry-lst M g s i 1% Yli --G.zo
76 1899
1,000
Not regularly paid
5 g F & A Feb 1 1937
2d M $3,000.000 gold
956.000
1.000
76 1907
Ce.ro
40 years
See text
__ 1914
Paducah & Illinois RR-lst M. $10,000,000_ _ _ _
Pan-Amer (Mex-Guat)-See Nat. Rys. of Mexico.
Paragould Southeastern-See St Louis Southw Ry
First Nat Bk, N Y & Chic
6 g .1 & J July 1 1932
600.000
1.000
53 1912
Paris & Mt Pleasant-lst Mg red text
FC.xo•
14 _-_
50
630.000
8
J & J Jan 1915 4% Paterson, NJ
Paterson & Hudson Riv-Stook 8% rent NY L E& W
do
298,000 See text J & J Jan 1915 4%
50
14 ---Paterson & Ramapo--Stock (rental guaranty)
F & A Feb 1915 3% Checks mailed
100
541.500
8
Pemigewasset Valley RR-Stock (rental guaranty)---- ---50 499,265,700 6 in 1914 Q-F Feb 27 1915 1 Si Office, Philadelphia
Pennsylvania RR-Stock auth $600,000.000
Tr
do
Q-M Sept 1 1919
5g
1,000 3,493,000
Cons (now lst) Gold registered bonds
kv.r
974 1879
do
do
5 g AI & S Sept! 1919
1,000 1,500.000
974 1879
of 18731 Gold coupon bonds
kv.o
Farmers' L & Tr Co. N I'
4 g M & N May 1 1943
974 1893
1,000 2,53.000
secures all Gold coup s f 1% not dr ____ky.c.
London,
England
.7
July
1
1945
4.491,000
3
si
g
I
&
£200
1895
dr_kv.o•r&r•
974
equally
ISterl (8 1 In 1900) not
M & N May 1 1948
4
974 1908 * or £ 39,400,000
kv.o•r&r•
(1 P.
I Gold or sterling
1,000 49,000,000
434 g F & A Aug 1 1960
xcy&r_
974 1915
Gold
Penn Co for Ins, &o,Phila
4
J & J July 1 1921
7,069,000
1881
1.000
kv.t
--Bonds (P W & B stock as collateral)
J & D June 1 1948
4
1.000 7.478.250
__kv
_- 1908
New York Phila. & Norfolk stock trust cert
Am Ex Bk. NY,Phila.&c
334 g J & D Oct 1 1915
-- 1905
500 &o 86.827.000
Gold bonds redeemable (text) convert __GP.ky.o•
See text
Proposed general mortgage (text)
Bonds of Cos. Merged in Pennsylvania RR.
Broad StSta,Ph; & Load
& J July 1 1920
6g J
1.000 8.680,000
307 1869
Philadelphia & Erie mortgage (now first) gold_k.o
Broad St Station, Phila
1,000 11,143,0004 g & 5 g A & 0 July 1 1920
307 1869
do
do
($5,263,000 are 55) -- --k.r
M & N May 1 1928
do
do
5
100 &c al.000,000
43 1878
Sunb Haz & Wilk first Series A drawn at 100---zo
do
do
6
M & N May 1 1938
100 &c 1.349.500
43 1878
soder
Second mortgage income
do
do
500,000
4 g J & J July 1 1936
1,000
56 1896
Sunb & Lewis first mtge $600,000 p& I g _fluP.vo•
a Including $428,900 bonds held alive in sinking fu nd
OREGON-WASHINGTON RAILROAD & NAVIGATION CO.-(See
Map Union Pacific.)-Owns from East Portland, Ore.. to Huntington,
Ore.,398 miles; Umatilla. Ore.. to Spokane. Wash,246 m.;Attalla to North
Yakima, Wash., 98
other main lines, 82 m.: branches, 955 in.; leased
from Des Chutes RR., 95 in.; owned jointly with Chic. Mllw. & Puget Sd.
By., &c., 73 m.; trackage rights, 193 in.; total June 30 1914, 2,141 miles.
Ao owns 187 m. water lines. Spokane-Ayer cut-off opened Sept. 14 1914.
Shortens distance Portland to Spokane nearly 50 miles. V .99, p. 538.
ORGANIZATION.-/noorp. in Oregon Nov. 23 1910 and on Dec. 23
1910 took over by purchase the Oregon RR. & Nay. Co., North Coast By..
and affiliated lines controlled by the Union Pacific. V. 91, p. 1447. 1512.
1630. 1768. Stook auth., $50,000,000; $49,998,500 owned by Ore.Sh.Line.
BONDS.-The 1st and ref. 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 of either) at 105 an any int. day on
90 days' notice. Sterling bonds are exchangeable for dollar bonds at $4 85
on payment of $15 per £100 bond.
The bonds are a first lien on about 767 miles of road owned and a lien,
subject to $23,380,000 Ore. RR. & Nay.4s, on 1,135 additional miles. on
70 miles jointly owned and 139 miles of trackage. See V.92, p. 1500, 1566.
$23,380,000 are reserved to refund the Ore. RR.4s and the remaining $111,620,000 for extensions, improvements, acquisitions, equipment, &c., as in
V. 92, p. 1500; V. 93, p. 408, 1324, 1600; V. 94, p. 699.
An abstract of Oregon RR. & Nay. oonsol. EL was in V. 63, Ili. 928.
EARNINGS.-Deo. 24 1910 to June 30 1911, gross $7,958,053; net
after taxes. 12.200.418;oth. Inc. $186.764; int.. rents, &o., 32,084.708; bal..
Bur.. $302.474. Year ending June 30 1914, gross. $17,227,641. against
$18,204,220 in 1912-13 and $16,298.681 in 1911-12; net, $5,502.402, agst.
$5,951,081 and $5,420,402. For 6 mos.ending Dec.31 1914.gross,$8,495,639. against $9.888,177 in 1913; net, $3,254.458. agst. $3,129,792.
Pres., J. D. Farrell, Portland, Ore.-(V.94. p. 68.699; V.99, p. 538.)
OSWEGO & SYRACUSE RR.-Owns from Oswego. N. Y., to Syracuse,
N. Y., 35 miles. Leased in 1869 during length of charter and renewals
thereof to the Del. Lack. & Western RR.Co.for 9% per year on $1,320,400
stook and Interest on bonds. The $438.000 7% bonds which matured
Mch. 1 1907 are held in treasury of D.L.& W.-(V.93. p. 1601.)
OZARK VALLEY RR.-Owns Williamsville to Cascade, Mo.,35 miles.
Extensions of 10 to 20 miles are proposed. Incorporated in Missouri
Dec. 7 1914; successor to Williamsville Greenville & St. Louis By., foreclosed. V. 100, p. 141. 643. Stock authorized, $350.000; outstanding,
$50,000. Bonds, $150,000 2-year gold 6s
Mo. Say. Bank and
E. R. Locke, trustees), see table above. (Mexico'
Prest., J. T.
'Long; Sec. and
Treas., Orah D. Ridgly.-(V. 100, p. 141. 643.)
PACIFIC & EASTERN RY.-Owns Medford, Ore., to Butte Falls,
33 miles. The Spokane Portland & Seattle owns all the $500,000 capital
stock and also $185,700 Pacific Eastern By. bonds, the bonds and all the
stock except directors' shares being deposited under the Spok. Port. &
Seattle mtge. Bonds are subject to call after June 1917 at 105. V. 94,
P. 1552; V.88 p. 1621. Working liabilities June 30 1914,$1,637,428. For
year ending June 30 1914, gross, $28,540; oper. def.. $12,160; charges,
$113,284; deficit, $125,445.-(V. 96, p. 1840.)
PACIFIC GREAT EASTERN RV.-Incorporated in British Columbia
early in 1912 to build from Vancouver, B.C., to North Vancouver, thence
along Howe Sound and northeasterlyto Liffooet,on the Fraser River, thence
northerly to a junction with the Grand Trunk Pacific (with which a traffic
agreement has been made)at Fort George,480 miles, of which the Squamish
division from Squamish Dock to d'Arcy, 86 miles, had been opened in Jan.
1915. V. 95. p. 1332; V. 98. p. 524. In 1914 was authorized to build
an extension 0(330 miles from Fort George northeastward into the Peace
River country, through the Pine River Pass and to the Alberta boundary;
construction was to begin about June 1 1914. V.98, p. 763. Stock auth,.
$40.000,000 (Par $100), of which part to be pref. V. 99, p. 1215. To be
tax-exempt until July 1 1926. Pacific Great Eastern Development Co.,
Ltd., V. 95, p. 1404.
The Province of British Columbia guarantees as to prin. and int. the 4 %
bonds or debenture stock on 480 miles of main line, due July 1 1942, under
deed of trust to Dorainion Trust Co., Ltd., trustee; in Jan. 1914 £1,500,000
was offered, £1,375,000 having already been issued. See V. 96, p. 863.
948, 1557; V. 94, p. 912; V. 95, p. 298, 481, 1332, 1404; V. 97, p. 1840:
V. 98, p. 1157. The Province also guarantees bonds or deb. stock on 330
miles to be builtfrom Fort George northeastward at $35,000 per mile. V.98,
p. 763. In Oct. 1914 the Dominion Govt. made a loan for 16,000,000, secured by an equal amount of debenture stock. V. 99, p. 1301, 1452, 1833.
Office. Victoria, B. C., Canada.-(V.99, p. 1301, 1452, 1833.)
PACIFIC & IDAHO NORTHERN RY.-Owns Weiser to New Meadows,
Idaho. 90 miles, an extension from Evergreen to New Meadows being
ed June 1911. Extension was proposed from New Meadows to Rig. 35 miles. Incorporated in Idaho Feb. 18 1899. Stock authorzed.$8,850,000; outstanding June 30 1914. $2,929.800; par $100. Bonds,
1st and 2d M. S3.000,000 each; see table above. Equipment obligations
outstanding June 30 1914. $691. Loans and bills payable June 30 1914,
$818,011. For year ending June 30 1914, gloss, $187,758; net, $53.981;
Int., taxes, (to., $154,687; bal.,def., $100,706. Pres. and Gen. Mgr.,E M.
Heigho; Vice-Pres. and Gen. Counsel, Samuel Norris; Treas., James B.
Ford; Sec., John D. Carberry. Office, New Meadows, Idaho. New York
office. 1784 Broadway.
PACIFIC RYS.OF NICARAGUA.-V.97. p. 1204: V.98. p. 1994.
PS.DUCAH & ILLINOIS RR.-Is constructing a line from Metropolis,
In., to Paducah.Ky.,12 in..and in spring of 1915 proposes to build a doubletrack steel bridge over the Ohio River at Metropolis, Ill.. about 5,650 ft.
long, including aPProaches, the spans being 3,200 ft. long. To be owned
jointly by the Nashville Chattanooga & St. Louis and the Chicago Burlington & Quincy, which will use the same as part of a new route from Northern
and.Central points to the Gulf. Stock was increased in Aug. 1912 from
$10,000 to $10,000.000; outstanding, $6,010,000. V.99, p. 609. A mortgage has been made to the Union Trust Co. of Chicago, as trustee, to secure
anlissue of $10,000,000 40-yg.ar bonds, of which $6,000.000. to bear not

ic

exceeding 434%,will be issued at first and jointly guaranteed. prin. &
by two cos