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TH E INV ES TO RS , S UPPLEMENT --OF THE-- COMMERCIAL & FINANCIAL CHRONICLE . of Congress, Washington, D. C.J ! Entered according to Act of Congress in the year 1896, by WILLIAM B. DANA COMPANY, in the office of Librarian NEW YORK, JANUA RY 25, 1896. RAILROA D DIVIDEND S FOR SEVEN YE.ARB. The following tables show t he dividends paid for seven years past on all railroad stocks (of steam railroads) sold at the Stock Exchanges in New York, Boston, Philadelphia and Baltimore. Stocks which have been merged or consolidated, and have no longer a separate existence, are not included. Dividends actually paid form the basis of .a year's total. Those declared in one year and paid in another appear in the latter year. An article on Railroad Dividends was published in the COMMERCIA L AND FrN.A.NCI.A.L CHRONICLE of Dec. 28, 1895, page 1137, in which the changes during 1895 are discussed at length. 1 DIVIDENDS ON RAILROAD STOCKS. Name of Company. NEW YORK. Alabama Gt. Southern, Class .A. ClassB Do Do Albany & Susquehanna (leased) Beech Craek, pref ..•...•........ Belleville & Bo. Ill. (leased),pref. Boston & N. Y. Air Line, pref .. Buffalo Rochester & Pitts. pref. Burlington C. Rap. & Northern. Canada Southern .•••..•...•..••• Canadian Paoifl.c ....••••..•...•. Central of New Jersey..... . .•. Central Pa.cifl.c ...•..••..•...•.. . Central :RR. & Bk. Co. of Ga .•.. Ohtcago & Alton ....••••..•..•.. Chicago & Alton, pref ..•.....•• Chica.go Burlington & Quincy .. Chicago & Ea.stern Ill., pref ..•. Chica.go Junction Railways, &c pref. do do Do Chicago Milwaukee & St. Paul. pref. do Do Chicago & Northwestern ..••. _•. pref ... do Do Chic. Rock Island & Pao .•••.••. Chio. St. P. Minn. & Om., pref .. Cincinnati Hamilton & Dayton. pref. do Do Cinn. India.nap. St. Lollis & Chic. Cincinnati N. o. & Texas Pao ... Cleve. Ctn. Chlo. & St. Louis .•. pref. do Do Cleve. Col. Ctn. & Indianapolis. (leased). guar. Pittsb., Cleve. & Col. Hock. Valley & Toi., pref .. Delaware & Hudson Canal .••.. Delaware Lack. & Western. __ . . Denver & Rio Grande, pref..••. Des Moines & Fort Dodge, pref Dubuque & Sioux: City .•••.••••. E vansville & Terre Haute .•••.. Georgl.a (leased) •.•••..••.•••.••. Great Northern, pref .....••.••. Ha.nnlba.l & St. Joseph, pref .••. Common ..•..•••..•• Do Illinois Central .•••.•••..••.•••. Leased line certs .. Do Iowa Central, pref ..••.•••..•••• Keokuk & Des Moines, pref ..•• Keokuk & Western ....•••.••••• Lake Erle & Western, pref•...•• Lake Shore & Mich. Southern .. Long Island ..••..•...•••.••. .. _. Loufaville & Nashville ..••..•.. Louiav. New Alb. & Chic., pref. M anhattan Elevated ••••.••..•.. Mlcbtga.n Central •••••.•.•••.•••. Minn. & St. Louis, lat pref ..••• Missouri Pacifl.o ..•••.•••.•••.••. Morris & Essex (leased) ....••... Nashv. Chattanooga.& Bt. Louis New London Northern (leased). New York Central & Hudson ... N. Y. Chica.go & Bt. L., 1st pref. N. Y.& Harlem inol.4thAv .RR.Common .•••••••••••.•••. •••... Preferred ••••..••.•••.•••. •••.. N. Y. La.ck. & West. (p;ua.r.) ..•. New York Lake E. & W., pref .• N . Y. New Haven & Hartford .. N. Y. Prov. & B08t,C8tontnp;ton) New York Bus~. & West., pr~f .• https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividend Periods. 1890. 1889. 9 6 Jan. and· July. Jan. and July May and Nov. April and Oct. Q.uarterly-Feb . E'eb. and Aug. Feb. and Aug. Feb. and Aug. Quarterly-Feb . Jan. and July. June and Dec. Quarterly-Mar . Quarterly-Mar . Quarterly-Mar . Quarterly-Jan . Jan. and July. Quarterly-Jan . April and Oot. April and Oct. Jan. and July uarterly-Mar. uarterly-Feb. eb. a.nd Aug, Quarterly- Feb. Quarterly-Jan . Ql?-arterly-Mar . j ···1·· 7 212 Jan. and July. Jan. and July. Quarterly- Jan. Quarterly- J a.n. Quarterly- Feb. ···1·· (b) 4 ···2¼ ···a~ 5 ···2¼ 8·53 5 612 2 7 8 8 3 3 2 8 8 8 4 6 6 stock. ...4¼ ···1·· 6 7 4 3 6 7 4 4 5 4 7 6 7 3 4 5 4 4 5 ···1·· 6 2 8 8 8 5 ···4·· 219 (g) 3 219 (g) 7 .. ¼.• Quarterly-Jan . .ran. and July. Quarterly- Feb. Quarterly-Jan . Quarterly-Jan . 6 112 7 4 7 7 Quarterly-Jan . F'eb. and_ Aug. 6 112 7 4 Quarterly-Mar . Quarterly-Jan . April a.nd Oot. Quarterly-Feb . F'eb. and Aug. Quarterly- Feb. F'eb. and Aug. 1893. (b) ·--i~ Mar. and Sept. Jan. and July. 1892. 5 8·4 6l!i Feb. and Aug. Quarterly-Jan . Feb. and Aug. Quarterly-Mar . Quarterly-Jan . Quarterly-Jan . Quarterly-Feb . 1891. 5 11 ···s·· ···i;i; 4 ···s ·- • 5 stock. """sis (c) 4 ···4·· 7 5 7 4 ···s·· 3 5 7 2 ···s·· ···s .. 11 1 1·93 ·--a·· 4 4 5 4 6(1) ···a·fo 5 4 7 5 7 419 114 3 3 5 7 2 ·--s·· 4 4 3 5 ···a·· ·--s·· ···1·· ···1·· 419 (d) 10 6 8 5 6 8 6 2 7 6 7 4 61g 5 5 2'½1 7 7 2~ (b) 8 4 8 5 6 8 6 4 7 6 7 4 7 5 4 414 7 7 7 7 21g 2 7 11 4l\t. 6·82 ···:r· 4 2 4 612 419 5 ····i~ 12 (h) 11 5 7 0·7 5 4 1 ···2·· 4l!i 619 5 412 5 .··1 .. 5 7 7 2 2 114 719 (a) 11 5 7 2·3 5 4 ···2:40 2 5 6 5 4 ·--a·· (b) (b) 8 4 4 714 --·a·· ·--a·· 3 5 7 ...5¼ 219 12 8 8 4l\t. 6 8 6 319 7 5 4 ···s·· ···5·· 4 7 II 3 7 7 5 7 7 ···4·· 212 2 5 6 414 . ..ii; . ""7 .. ···1·· 3l!i 312 9 8& 21g 8 & 219 8 & 219 5 ··-a;· ·10·· ·10·· 10 10 8 & 212 5 114 8& 212 8 & 212 5 3 10 t 212 8 & 212 8 & 219 5 ·1,,·t 212 ···,·· 95"0: ···1 ·. 3 5 7 7 2·2 5 4 ·--a·· 8 5 3 ···1·· 5 7 6 512 5 (V) ·ye 512 7l!i 514 ···s·· 8 4 6 8 712 2 7 4 7 2 7 5 4 519 7 5 7 412 312 (1) ···1·· ···a-- 5 1895. ...7.. ···a·· 8&2 8&2 5 10 8 4 5 1894. 5 ···s .. 4 313 .. ·,;·· 4 9 414 4 8&3 8&3 5 ···0·· t 8&3 8 &: 5 ···s·· ti INVESTORS' SUPPLEMENT. (VOL. LXII. DIVIDENDS ON RAILROAD STOCKS-(CONCLUDED.) Name of Company. Divldenrt Peric,ds. 1889. 1890. Norfolk & Southern ... ••.• . .•••. Norfolk & Western, pref ..••.••. Northern Paoi:fio, pref .•••••••.. Oregon Improvement Co .. . .••. pref. do Do Oregon Railway & Nav. Co ..••. Panama ...•. . .•..••...• • .••.•••. Pennsylvania Coal. ••...•. . .•..• Pitts. Cin. Chio. & St.L .. pfd•.••. PittAb.Fti.W.& Chio.,guar.(l'eed) special .. .. do Do Pittsb. Younget'n & Ashtabula. pref. do Do Pullman's Palace Car ....••..•• . Rensselaer & Saratoga (leased) . Rto Grande Weetern pref ....•. Rome Watertown & 0gdeneb'rg St. Paul & Duluth, pref . .••. St. Paul Minneai. & Manitoba. Tennessee Coal Iron, pref . .•. Terre Haute & Indianapolis .... Toledo & Ohio Central.. .••..••. Do do pref. Wheeling & Lake Erie, pref .••. Quarterly-Jan. April and Oct. ·--s·· . ..3.. . --· .............. March and Sept. Quarterly- Jan. Quarterly- Feb. Jan: Quarier1y.:.: Quarterly-Jan. March and Sept. ~uarterly-Feb. . an. and July. Quarterly- Feb. Quarterly- Feb. March and Sept. Quarterll- Feb. Jan. an July. Feb. and Aug. 8uarterly- Jan. uarterly- Feb. ···4ig 7 7 9 16 . ··,; ·· 7 ···,;·· 8 8 4 3 7 6 5 16 ···;-7 21g 7 8 8 ...6.. ...6.• ~lg 'fil 6 8 6 ··-· ····4·· 8 6 ·--sili 4 1891. 1892. 1893. 1894. 3 4 2 112&*1 scrip 2 4 4 ...... ···,;·· 6 5 16 3 7 7 3 7 8 8 614 6l\l(q)&20s k 7 7 8 6 2 5 4l\l ~-ri) 6 2 28 4 7 7 6 7 8 8 5 5 7 6 8 6 4 5 4l\l .... .. .. . --· ...... ··-· .. ·····" .. . ... .. .... ···sig 6 2 1895. ----4 ....... .---. -. --....... .---· ·16·· ...7.. ·20"" 16 4 7 2 7 ... 7 6 7 8 8 3l\l 5 7 67 8 8 7 6 7 8 8 ···5 .. ···5·· 5 6 6 8 6 2 5 4 5 6 ···s .. . .... 5 2 5 ...... 8 8 .. ..... BOSTON. Boston & Albany .••..•••.••..••. Boston Concord & Mont., pref . . Iloston & Lowell ............... Boston & Maine .••..•••.••..••. Do pref .•••.••. Boston & Providence .•••..••.. . Boston Revere Beach & Lynn .. Chicago & West Michigan ..••. Cin. Band. & Cleveland, com .••. Do pref .••.•.•. Concord .••...••.••...•..••. . .••. Concord & MontrealClaes I. (Bost. Con. & Mon. pf. l Clase IT. (Bost. Con. & Mon.). Class III. (Bos. C. & Mon. old) Class IV. (Concord stock) ..... Connecticut River ...•...•..•.. Connecticut & Passumpsio.pfd. Eastern, N. H. (leased) ..•...... European & North American ... Fitchburg, pref . .•..••.. . .••..••. Flint & Pere Marquette, tref . . . Ft. Wayne & Jaokw!ref ( eased/ Hartford & Conn. eet. (leased/ Kans. City Ft. Scott & Memphis Kan. City Ft. Scott & M., pref .. Maine Ci:,ntral. ..•...•..••..••. . . Manchester & Lawrence ..•..••. Nashua & Lowell (leased) . .•... . New York & New England, pref. · Northern (N. H.) . ............ . .. Norwich &Woroest'r ptd. (leas'd) "(ieaseii> ~tt\e~~i~nz No: ·itiamii Portland & Rochester .••. . ..•.. Portl'nd Saco & Portsm.(leased) Providence & Worcester ..•..••. Rutland, lref ..•. -••..• - ...•.. • • Vermont Maesaohus'ts (l'sed) Vermont Vallel, .. . . ..••....... . Worcester Nas ua & Rochester. liuarterly-Mar. ay and Nov. Jan. and July. Quarterly- F eb. March and Sept. ~uarterly-Jan. an. and July. Feb. and Aug. Ma,y and Nov. May and NOT. Quarterly- Feb. Qua, t erly- Feb. Quarterly-Feb. Quarterly- Feb. Jan. and July. Feb. and Aug. June and Dec. April and Oct. Jan. and July. Feb. and Aug. Mar. and Sept. Feb. and Aug. Feb. and Aug. Quarterly-Jan. May and Nov. May and Nov. May and Nov. ~uarterly-J an. an. and July. Quarterly-Jan. Jan. and J~. Jan, and J y Jan. and July. ~uarterly-Mar. an. and July. April and Oct. Jan. and July. Jan. and July. 8 512 7 9 ·10"" 7 2 319 6 10 ...... 8 (k) 7 912 3 (l) 10 7 3 512 6 (k) 6 ---· ......... ...... 5 8 5 ···s-- 6 419 419 5 . .•ti¼ 519 ···s·· 8 6 10 9 7 6 8 7 5 6 6 20(m) 119 6 6 6 5 2 6 512 2 319 8 6 rn 9 7 6 & 25 extra 8 7 5 6 6 10 2 6 6 6 8 ···,;·· 9 6 10 7 312 (e) 6 8 ···;·· 8 6 10 512 319 6 6 10 412 10 5 Ilg (e) 6 6 2 6 3 ...6.. ...6.. 8 5 3l\l&50stook 5 312 312 519 2 1 4 6 8 5 3 5 (V) 8 6 6 (k) 9 7 6 8 9 •90 5 6 6 10 3 6 6 6 ···1·· (e) (k) 10 8 . ··,;·· 4 412 519 2 ··s·r:u) 712 (V) 10 9 (e) ti (k) (k) 6 6 6 6 112 6 712 (o) 5 3 5 I ( e) 6 (le) (n ) (n) (n ) (n) 6 10 5 5 3 5 4 . .•5¼ ···5ig 2 2 ---- .. .. .6 .. ·----· ...6 .. "f,'ii;" 6 10 9 10 9 ...6.. ···6·· . --6 .. 8 8 8 7 5 6 6 10 4 6 6 g 56(W) (Z) ff¼ 614 6 14 614 10 3 5 3 4 6 6 1412 4 6 6 6 6 10 4 6 2 512 2 7 5 6 6 10 4 6 6 6 7 6 (y) 1g . ..6•. 8 7 5 6 6 10 4 6 6- 5 5 PHILADELPHIA. Camden & Atlantic, pref ..• •••. Catawissa (leased), pref.... • .. new pref....•••.••. Do Delaware & Bound Br'k (leased) East Penn,Mlvania (leased) ..••. Elmira & llllamsport (leased). pref...... do Do Harrisb.Portem.Mt.J.& L. (l'eed) Huntinf>don & Broad Top ....•. pref. do o Lehigh Coal & Navigation .•••.. Lehigh Vall~·-··············· Little Sohuy 1 (leased) .••.... Minehill & Sohuyl. Hav. (leas'd) Nesquehoning Valley (leased) .. North Penneylvania (leased) .. . Northern Central .••..•••.••.... Pennsylvania Railroad ...••.••. Pennsylvania & Northwestern. Philadelphia & Erie, common .. Phila. Germ.ant. & Nor. (leased) Philadelphia & Trenton (leas'd) Phlla. Wilmin~n & Baltimore Schuylkill Va ey . ....••...•.... United Cos. of N. J. (lea.sod) .. . . West Jersey .••...••..••..•••.•• . West Jersey & Atlantic .•••.•••. May and Nov. May and Nov. ~uarterly- Feb. an. and July. May and Nov. Jan. and July. Jan. and July. Jan. and July. Jan. and July. May and N<'v. ~uarterly- Jan. an. and July. Jan. and July. Mar. anct Sept. iuarterly-Feb. an. a1.u.t July. May and Nov. Jan. and July. <itiai-"terii~Mai-: ~uarterly- Jan. a.n. and July. Jan. and July. auarterly- Jan. ar. and Sept. Mar. and Sept. BALTIMORE. 3 7 7 8 6 5 7 7 •• "5"" 5 5 7 71g 5 8 8 5 ...... ·12·· 10 7 5 10 7 5 ···1·· ···,;·· .. ·1·· ···,; ·. 7 8 6 5 7 7 """5ig 5 5 8 71g 7 8 6 5 7 7 2 7 5 7 8 6 5 7 7 4 7 512 514 7 712 .,, 5 8 7 6 512 2 12 7 5 8 8 51g 212 5 7 71g 5 8 7 6 5 ·12·· ·12·· 10 6 5 10 10 7 412 6 5 10 7 ·----- 10 7 5 10 7 ··-··· 8 6 5 7 7 5 7 6 4 7 71g 5 8 9 5 & 2 scrip, 6 ·1oi; 10 712 5 10 7 ··-··· 61g 7 7 5 7 7 8 6 5 7 7 412 7 8 6 5 7 7 5 7 412 4 ···,;·· ···;·· 719 5 8 7 5 2 2 12 10 7 5 10 7 712 5 8 7 5 2 ---·-· ··i2·· 10 I 612 5 10 (/) g12 Atlan. & Char. Air Line (leased) Mar. and Sept. 5 5111 6 6 6 6 6 Baltimore & Ohio-Main Stem .. May and Nov. 20 stock, 3l\l ...6.. 5 41g Do, """i;"" do. wef. stocks .••. Jan. and July. ···6·· 6 6 6 6 Do. do. Branch. aeh. May and Nov. 10 10 10 10 10 10 10 Central Ohio,com ..•••.•••••.••. Jan. and July. 6 6 6 6 6 6 6 Central Ohio, pref ............... Jan. and July. 6 6 6 6 6 6 6 West Virginia Cent. & Pitteb •.. Annual in Moh. 1 1 1 1 1 1 112 .••.•• Augusta & Wil. Columbia Jan. and July. 6 6 6 6 6 6 6 Wilmington & Weldon ..•..•••. . . "' ... -... - - . - -. 8 8 12 4 (:1:) 3 3 3 II Dividend tor December 30 was paid Januar.v 3, and therefore fell in 1)-195 mstead of ~ Scrip exchangeable mto 5 per cent aebentures. 1 Stock has been exchanged for that of the N. Y. N. H. & Hartford 1894; a , d dividend p criod8 have been January and July since then. ,r Also 32 ½J per cent extra out of amount received from the Old Colony under the provisions of lease. (b) In 1891 stock was made com• · (a) Also scrip dividend of 3313 per cent oonverttble into stock on payment of twenty dollars a share. (a) With the dividend . (c) All bat 1 per cent of this in bond scnp. m~n, and 4 per cent dividends ~uaranteed by New York Central. (e) Common stock or this road has beAn exchanged for Cleve. Cin. Chio. & St. paui January 2, 1892, amount for year would be 6 -per cent. (g) These two roads nJw oonsol. in the C. C. C. & St. (/) 312 per cent of this was in scrip, redeemable the following October. Louis stock. (k) Consol. (i) 4·9 of this in stock. (i) 119 per cent of this in bond scrip. (h) 5 per cent of this m general mortgage oonds. Louis. (n) Now leased at 7 per cent (m) 10 per cent of this from assets. (l) Formerly Eastern preferred. ae Conoorrt & Montreal. wl:uoh see. (o) Under the lease to the Boston & Maine dividend neriods were changed to eemt-annual, 5 per cent per annum to Boston & Maine. (q) This is made up of one semi-annual dividend of 3 per cent and three (p) 212 in preferred stock, semi-annual oem>!' paid July, 1893, (u) This covers both the August, 1B91, dividend (t) This is dividend for the twelve months of 1892. quarterly dividends of 114 per cent. (1.0) Change from 7 per cent due {1') Increase due to change of dividend neriod, \Which had been deferred) and that of February, 1892. (x) Dividend for January, 1892, was antioinated, and oaid in the previo11s November, making total dividends to change of dividend period. (z) Exn 1891 12 per cent. y Also 50 per cent extra dividend out of money received through the decision against the Concord & Montreal. ·--··--· _ _ _ a diTid6n<i of 419 per cent paid March, 1893, out of aaset8'. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis --· JANUARY, INDEX. 1896. j INDEX TO Companies not given in the NAJ\IE. SUPPLEMENT COMPANIES-CONSOLIDATED, &c. tables in their alphabetical order may be found by reference to the Index below, WILL BE FOUND UNDER- \ NAJ\IE. WILL BE FOUND UNDER- ,\ kron & Chicago Junction. . ........ Baltimore & Ohio. Danbury & Norwalk .......... . ..... New York New Haven & Hartford. Alaba ,aa Central. ................... Southern Rail wa y Co. Danville & Grape Creek ............. Chicago & East Illinois. American Dock & Improvement Co .. Central of New Jersey. De Bardeleben Coal & Iron . ... . .. . Tennessee Coal & Iron (Mis cel.) Annapolis & B a l to. St10rt Line ...... Balto. & Annapolis Short Line. Delano Land . .. ........... . . . ...... .. Lehigh Valley. A.sh tabula & Pittsburg. . . .......... Pittsburg Youngstown & Ashtabula. Denver Pacific ................... . . . . Union Pacific. Asw,n Short Line .. .. ...... . ......... Atchison System-Colorarlo Midl'd. Denver & Rio Grande Western ..... Rio Grande Western. Atcnis9n & Nebraska ................ Chicago Burlin~on & Quincy. Denver TexRs & Fort Worth ........ Union Pacific Denver & Gulf. A.tchison & Pike's Peak .............. Central Branch union Pacific. . Denver Texas & Gulf ..... . ...... . . . . Union Pacific Denver & Gulf. Atlantic & Great Western . .... . ..... New York Pennsylvania & Ohio. Des Moines & Minnesota ............ Chicago & North Western. Atlantic & Gulf .... . .. . . . ......... . .. Savannah Florida & Western Detroit & Bay City . ... . ....... ... . . . Michigan Central. Atlantic Mississippi & Ohio .......... Norfolk & Western. Detroit Ray City & Alpena . .. . . . ... D etroit & Mackinac. Atlantic & Northwest... . ....... .. .. . Canadian Pacific. Detroit Mackinac & Marquette . ... . See Miscellaneous Companies. Atlantic & P a cific ................... See Atchison System. Detroit Monroe & Toledo . ........... Lake Shore & Michigan Southern. Augusta & Knoxville . ............... Port Ro val & Western Carolina. Di stilling & Cattle Feeding ... ...... American Spirits Manufacturing. Duck River .... .. ...... . ............ . Nashville Chattanooga & St. Lou1a. B altimore B elt .......... . . . ........ . Baltimore & Ohio. Duluth & Manitoba . ....... . ....•.... Northern Pacific. Baltimore & Cumberland. . .......... Western Maryland. Duluth Short Line .. .. ... . .......... . St. Paul & Duluth. Baltimore & Hanover ............... Western Maryland. Dutchess County .............. . . .. . . Phila. Reading & New England. Baltimore & Harrisburg .. . .... . . . ... Western Maryland. East Line & Red River .............. Missouri Kansas & Texas. Baltimore & New York .... . .. . ..... . Baltimore & Ohio. East River Gas .. .... . ........... . ... New York & East River Ga.s. Baltimore & L ehigh RR ............ York Southern. East Tenn. Va. & Ga ... . .......... . Southern Railway. Battle Creek & Sturgis .............. Lake Shore & Michigan Southern. Eastern of Massachusetts . .... .. .... Boston & Maine. Bay City & Battle Creek............. Michigan Central. Eastern of Minnesota............ . ... Great Northern. Bellefontaine & India na .... .. ....... Clev. Cin. Chic. & St. Louis. Easton & Amboy ................ . ... Lehigh Valley. Belleville & Carondelet........ . ..... St. Louis Alton & Terre Haute. Elizabethtown Lexing. & Big Sandy.Chesapeake & Ohio. Belleville &Eldorado .. . . . ...... . ... . St. Louis Alton & Terre Haute. Elmira Sta te Line . ........ . ....... .. Tioga RR. Belleville & Southern Illinois ....... St. Louis Alton & Terre Haute. Erie & Kalamazoo .................. . Lake Shore & Michigan Southern. Bell's Gap ..... . .. . . . .......... . ..... . Pennsylvania & Northwestern. Birmin~ham Equipment .... . . .. . . .. Kansas City Memp. & Birmingham. Escanaba & Lake Superior . ..... . ... Chicago & North Wesr.ern. European & North Americau .. . .... Maine Central. Booneville Bridge .................... Missouri Kansas & Texas. Evansville & Crawfordsville . ..... . . Evansville & Terre Haute. Boston Clin. Fitch. & New Bed ..... Old Colony. Evansville Henderson & Nashville .. Louisville & Nashville. Boston Concord & Montreal. ........ Concord & Montreal. Evansville Rockford & Eastern ..... Louisville Evansv. & St. L. Consol Boston Hoosac Tunnel & Western .. Fitchburg. Boston & N. Y. Air Line . ........... N. Y. New Haven & Hartford. Far~o & Southern . ..............•.. . Chicago Milwa~kee & St. Paul. Boston Winthrop & Shore. . ......... Boston Revere Beach & Lynn. Florida Southern ...................·.. Savannah Florida & Western. Brooklyn & Montauk ..... .. .... . .... Long I sland. Fort Smith & Van Buren Bridge . ... Atchison Sys.-St. Lo. & San Fran. Brunswick & Chillicothe ............ Wabash. Franklin & Pitt.sylvania ............ Southern Railway. Bruns wick & Western ............... Savannah Florida & Western. Fremont Elkhorn & Missouri Val. . . q1icago & North Western. Buckingham Railroad ............... Chesapeake & Ohio. Buffalo & Erie ........... .. ... . ...... . Lake Shore & Michigan Southern. Georgia Pacific . . . ......... . .. .. ... Southern Railway. ~uffalo New York & Philadelphia . . Western New York & Pennsylvania. Grand R :1 pids Lansing & Detroit .... D etroit Lansing & Northern. Buffalo & Southwestern . .... . ....•.. Erie RR. Grand Rapids Newaygo & L. Shore.Chicago & West Michigan. Burlington & Missouri River ... . .... Chicago Burlington & Quincy. Grand River Valley............... . . . Michigan Central. 8usk Tunnel. ... .. ..... . ............. Atchison Sys.-Colorado Midland. Greenfield & Northern ........ . .... . Kansas City Ft. Scott & Memphis. H arlem River & Portchester ....... New York New Haven & Hartford. Cairo Arkansas & Texas ... . .... . ... MissouriPacific-St. L. I. M. & So. Hastings & Dakota . .. . ............. . Cb.icago Milwaukee & St. Paul. Cairo Short Line . .................... St. Louis Alton & Terre Haute. Cairo Vincennes & Chicago .. ....... Cleveland Cin. Chicago & St. Louis. Helena & Red Mountain ... . ......... Northern Pacific. Hereford ................. . ... . ...... . Maine Central. California & Oregon . ... . . . ........ .. Central Pacific . Holly Wayne & Monroe .... . ....... . Flint & Pere Marquette. Canada Central . . . .. ...... . .......... Canadian Pacific. Cape Girardeau Southwestern ...... St. L. Cape Girardeau & Fort Smith. Housatonic . ........... . ..... . .. . ..... New York New Haven & Hartford. Huntinburg Tell City & Cannellton.Louisv. Evansv. & St. Louis Consol. Carbondale & Shawneetown ........ St. Louis .Alton & Terre Haute. Cedar Ra pids Iowa Falls & N. W .. . Burlington Cedar Rapids & North'n. Huntington & Big Sandy ............ . Ohio River. Cedar R a pids & Missouri River . . .. . Chicago & North Western. Illinois & St. Louis ........ . .......... Louisville Evansv. & St. L. Consol. Central of Ga. RR. & Banking ..... Central of Ga. Ry. Indiana Block Coal ...... . ........... Chicago & Eastern Illinois. I Central Iowa . .. ..................... Iowa Central. Indiana Bloomingtou .v; Western.. .. P eoria & Eastern. Central Washington . .............. . . Northern Pacific. Indiana & Lake Michigan ............ Terre H1;1,ute & Indianapolis. Charleston Cincinnati & Chicago .. . Ohio River & Cb.arlestou. Indianapolis Cin & Lafayette ........ Cleveland Cin. Chic. & St. Lou1s. Charleston Sumter & Northern . .... Ch1:1rleston & Northern. Indianapolis Decatur & Springfield .. Indiana Decatur & Western Charlotte Columbia & Augusta .... Southern Railway. Indianapolis & St. Louis ...... . ...... Cleveland Cin. Chic. & St. Louis. Charlottesv ille & Rapidan .... . .. . .. Southern Railway. Ionia ·&·Lansing ........ . ... . ........ Detroit Lansing & Northern. Chattanooga Union .. ............ . ... Belt Ry; (of Chattanooga.) Iowa City & Western .•.......... . ... Burlington Cedar Rapids&North'n Cheshire ........................ .. ... Fitchbur~. Iowa & Dakota . ..................... Chicago Milwaukee & St. Paul. Chicae;o & Atlantic .................. Chicago & Erie. Iowa Falls & Sioux City ...... . ...... Dubuque & Sioux City. Ohica~o & Calumet Terminal ....... Northern Pacific. Iowa Midland ........................ Chicago & North Western. Chicago Clinton Dubuque & Minn . . Chicago Milwaukee & St. Paul. Iowa & Minnesota . .................. Chicago Milwaukee & St. Paul. Chicago & Great Western ........... Chicago & Northern Pacific. Chicae;o & Indiana Coal. ............ Chicago & Eastern Illinois. .Jackson Lansing & Saginaw ........ Michie;an Cantral. Chicago & Iowa ..................... Chicago Burlington & Q.uincv. Jacksonv. St. Aug. & Indian Riv ... Florida East Coast. Ohioago Kansas & Nebraska ........ Chicago Rook Island & Pacific. Jacksonville Southeastern ...•.• . ... Jacksonville Louisv. & St. Louis. Chicago Milwaukee & N. W ....... . . . Chioago & North Western. James River Valley . .........•...... . Northern Pacific. Chicago & Milwaukee .... . ..... . ..•.. Chioago & North Western. Jamestown & Franklin .... . ......... LHke Shore & Michi~an Southern, Chicago & North Michigan .......... Chicago & West Michigan. Jefferson Madison & Indianapolis .. Pittsburg Cincinnati Chic. & St. L. Chicago & Ohio River ......... . . . ... Peoria Decatur & Evansville. Joliet & Chicago ..................... Chicago & Alton. Chicago & Pacific . ................... Chicago Milwaukee & St. Paul. Junction & Breakwater .... . ........ Delaware Maryland & Virginia. <:Jhicago Santa Fe & California . ..... Atchison Top. & Santa Fe System. Chicago & St. Louis ........ . . .. . . .... .Atchison Topeka & Santa Fe. K alamazoo Allegan & Gr. Rapids .. Lake Shore & Michigan Southern. Chicago St. Louis & New Orleans ... Illinois Central. , Kalamazoo & South Haven ......•.. Michigan Central. Chicago St. Louis & Paducah ........ St. Louis Alton & Terre Haute. Kalamazoo & White Pigeon .... .. •. -Lake Shore & Michigan Southern. Chicago St. Louis & Pittsburg ....... Pittsb'rg Cincinnati Chicago & St. L. Kanawha & Ohio ................ . ... Kanawha & Michigan. Chicago St. Paul & Kansas City .•.. Chicago Great Western. Kansas & Arkansas Valley ... .. ... . Missouri Pac. (St. L. I. Mt. & So.) Chicago St. Paul & Minn ............ Chicago St. Paul Minn. & Omaha. Kansas City Bridge & Terminal. .... Kansas City & Atlantic. Chicago & Southwestern .•.......... Chicago Rock Island & Pacific. Kansas City Fort Scott & Gulf .... . . Kansas City Fort Scott & Memphis. Chicago & Springfield ................ Illinois Central. Kansas City & Indep. Air Line . ... . Kansas City Suburban Belt. Chicago & Tomall .................. .. Chicago &North Western. Kansas City & Memphis Ry. Bridge.Kansas City Fort Scott & Memphis. Chicago Wisconsin & Minnesota .... Wisconsin Central Co. Kansas City & Omaha .......... .. ... St. Joseph & Grand Island. Choctow Coal & Railway . . .......... Choctaw Oklahoma & Gulf. Kansas City & Pacific .......... . .... Missouri Kansas & Texas. Cincinnati & Baltimore .......... . . .. Baltimore & Ohio Southwestern. Kansas City St. Louis & Chicago . . . . Chicago & Alton. Cincinnati Ind. St. Louis & Chicago.Cleveland Cin. Chic. & St. Louis. Kansas City Southeastern & Memp.Kansas City Fort Scott & Memphis. Cincinnati Lafayette & Chicago .... Cleveland Cin. Chic. & St. Louis. Kansas City & Southwestern ... . ... . Atchison Sys.-St. L. & San Fran. 1 1 Kansas City Springfield & Memphis.Kansas City Fort Scott & Memphis. ~~~~!\\ ~~;~~~~ L. Kansas City Topeka & Western ... .. Atchison Topeka & Santa Fe. Cincinnati Southern ................ . Cincinnati New Orleans & Tex. Pac. Kansas City Wyandotte & N'th'w'n.Kansa3 City Northwestern. Cincinnati & svringtleld . ........... Cleveland Cinn. Chic. & St. Louis. Kansas Midland . . ..... . ......•..... . . Atchison Sys.-St. L. & San Fran. Cincinnati Wabash & Michigan . .. .. Cleveland Cin. Chic. & St. Louis. Kansas ·& Missouri. ...........•...... Kansas City Fort Scott & Memphis, Oincinnati Wash. & Baltimore ...... Baltimore & Ohio Southwestern. Kansas Pacific .... . ....... . ......... . Union Pacific. Clearfield & Jefferson ............... . Pennsylvania & Northwestern. Keithsburg Bridge ... . ......•... . ... Iowa Central. Clearfield Bituminous Coal. ......... Beech Creek. Kentucky Central. ................... Louisville & Nashville. Cleveland & Canton ..... . .......... . Cleveland Canton & Southern. Kentucky Union . ...........•..... . . Lexington & Eastern. Cleveland Columbus Cin. & Ind .... Cleveland Cin. Chic. & St. Louis. Knox & ·Lincoln . . . ...... . ... . ....... Maine Central. Coeur d'Alene ........................ Northern Pacific. Knoxville Southern ................. Marietta & North Georgia. Colorado Central. ................... Unicn Pacific Denver & Gulf. Colorado Midland . . ................. . See Atchison "System." L ackawanna & Southwestern. ...... Central N. Y. & Western. Colu"'lbia & Greenville . . ............ Southern Railway. Lackawanna & Susquehanna . .... . . Delaware & Hudson. Coloi ado Bridge . .. . ................. International & Great Northern. La Porte Houston & ~orthern ..•. . Galveston La Porte & Houston. Columbus Connecting&Terminal. . Norfolk & Western. Lawrence ............................. Pittsburg Youngstown & Ashtabula. Columbus & Hocking Valley ........ Columlms HockingValley&Toledo. Leeds & Farmington ................. Maine Central. Columbus & Indianapolis Central ... Pittsb. Cincinnati Chic. & St. Louis. Lehigh & New York .. . ........ ... ... Leh~gh Valley. . Columbus Lima & Milwaukee ... ... Ohio Southern. Lehigh & Susquehanna .....•. ..... . . Lehigh Coal & Navigation (Misoel.) Columbus & Rome . .. . . . .. .. . ... . . • .. Central of Georgia Ry. Lerov & Caney Valley........... . ... Missouri Pacific. Columbus Shawnee & Hocking ..... Columbus Sandusky & Hocking. Lexington & Fra,nkfort .... .. . . .... . Louisville & Nashv'le (L, C. & Lex.) Columbus & Toledo . .. .. . ... .. •...... Col. Hocking Valley & Toledo. Ltncoln &Northwest1wn ......... . ... Chicago Burlington & Quincy. Columous & Western . ... .....•.... Central of Ga. Ry. Lincoln Park & Charlotte .•......... Buffalo Rochester & Pittsburg Concord ...•... . .. . .. .. .. .. ........... Concord & Montreal. Little Rook Junction .........•...• . . Missouri Pacific. Consolidated Terminal Railway ..... Kansas City Suburban Belt. Little Rock & Fort Smith ............ Missouri Pacific. Consolidated Vermont ............... Central of Vermont. Long Branch & Sea Shore ........... Central New Jersey. Corning Cowanesque & Antrim . . ... !?all Brook. Long Dock Company ........ . ....... Erie RR. Coshocton & Southern ............... Cleveland Canton & Southern Long Island City & Flushing ... . .... Long Island. Covin~on & Lexington ....... . ... . Kentucky Cent.-Louisville & Nash Loufstana & Missouri River . ........ Chicago & Alton. -Ores. & Clearfield Co.&N.Y.S.Route.Cresson & Irvona. r -011isville Cincinnati & Lexin!!;ton .. LouisvillA .tr. NR.~hvlllA. -Current River ......•................. Kansas City Fort Scott & Memphis. Louisville & Frankfort . ......... . ... Louisville & Nashv.-L. C. & Lex. Louisville New Orleans & Texas . . .. Illinois Central (Yazoo & M. V.) r..ouisville & St. Louis ................ Chicago Peoria & St. Louis. D akota Central. ....•...... . ... . ..... Chicago & North Western. Dakota & Great Southern . ..... .. ... Chicago Milwaukee & i:3t. Paul. Louisville Southern ................. Southe1·n Rail way. :!Dallas & Waco . ....••................ Missouri Kansas & Texas. Lowell & Lawrence . ................. Boston & Lowell. ! g~~:rinil:·.~l!~~~iif 6\;~t1~~! it~l~r:.· https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INDEX. NAME. . . WILL BE FOUND UNDER- II LVOL. LXII. NAME WILL BE FOUND UNDER- Quincy Alton & 8t. l.,0uifL •••••••••• Chicago Burlln~on & Quincy. lt.lacon & Augusta .•..........•...•.. Georgia RR. & Banking Co. & Gl vill Oh' Ri dS Mahoning Coal. .. .. .. .. .............. Lake Shore & Michigan So. System. K · ver.. e.. _10 en avenswoo pencer Adirondack. & Lawrence Bt. ...•........ . . Malone & St. Lawrence Repub~can Valley ..........•...•.... Chicago ~urlmgton & Quincy ManitobaSouthwest'nColonization.Canadian Pacific. Fort Scott & Memphis. City Kansas Marietta Columbus & Northern ..... Toledo & Ohio Central Extension. . Rich Hill.···························· R!chmo nd & AllegJ?,any ...•••..••..•. Chesapeake ~ Ohio. Marietta Mineral. ................... Toledo & Ohio Central Extension. Railway. •··········Southern ... . . D.anv.ille & R10hmond Northern. & Knoxville Marietta & North Georgia .......•.. Atlanta . Richmond Yor.K River & Ches.....•. Southern Railway. Maple River .......................... Chicago & North Western. Rochester & Pittsburg ............... Buffalo Rochester & Pittsburg. Marquette Hougton & Ontonagon... Dulutli South Shore & Atlantic. Roanoke & Southern.......•. . .... . .. Norfolk & Western. Maryland Central. .................. Baltimore & Lehigh. Rome & Carrollton . .....• . ..•.•....•. Savannah & Western. Massawippi ................ . ......... Connecticut & Passumpsic. Maysville & Lexington .............. x;entucky Central.-Louis. & Nash. Saginaw & Western .. •....•...•..••.. Detroit Lansing & Northern McKees_port & B~lle Verno!l .. : ..... P1ttsb.¥cKeesport ~Youghiogheny. st. ·Charles Bridge . ....•..•.......... Wabash. St. Joseph & Western ......•.....•.•. St. Joseph & Grand Island. . . , Memp~s Clar~sville& Lomsville ... Louisvill~ & Nashvn;te. Memph~s Eqmpment . ... . .. . ........ Kansas C1py Memphis &Birmmg J!1 , St. Lawrence & Ottawa ........•.... . Canadian Pacific. Memphis Kans!Ls & Colorado . ....... Ka~sas City Fort S~ott & Memphis. st. Louis Alton & Springfield ....•• . St. Louis Chicago & St. Paul. St. Louis Arkansas & Texas ...•..... St. Louis Southwestern. Memphis ~ Oh;io .................... . Lomsville & Na~hy111~. Merchants B1;"1dge ................... St. _Louis Merch ts Bridge Ter. RR. st. Louis Bridge & Tunnel•.......... Terminal Association of St. Louts. st. Louis & Chicaao . ................. North & South RR. of Illinois. Menomt~ee River .................... Chicago & North Western. st. Louis Council Bluffs & Omaha... Wabash. . Metropo":tan Elevated .............. Manhattan.Elevated. St. Louis Iron Mount'n & Southern.. Missouri Pacific System. Metr!)P0litan Ferry ............... •• .L(?ng. Island. St. Louis Jacksonville & Chicago ..•. Chicago & Alton. Michigan Air ~ine ................•.. Mi.chigan Central.. St. Louis Kansas City & Northern ... Wabash. Michigan Eqml?ment............... . Chi~ago & West MIChigan. St. Louis Kansas & Southwestern . .. Atch. System, St. Louis & San Fran. Midland of Indiana ..............••... Chicago and Southeastern. Midland of New Jersey .............. Ne~ York Susquehanna & Western st. Louis Keokuk & s. w ............ Chicago Burlington & Q.uincy. st. Louis Salem & Arkansas . ........ Atch. System, St. Louis & San Fran. Mµwaukee Lake S.hore & Western .. C~cago & North Western. st. Louis & San Francisco ........•.. See Atchison" System." ~waukee & Madison . ...........•.. C~cago & ;North Western. st. Louis Southern............•...•.. St. Louis Alton & Terre Haute. Milwaukee & Northern ...........•.. ~cago M¥waukee & !3t. Paul. St. Louis Wichita & Western ......•. Atch. System, St. Louis & San Fran. . MinneapoJ.?.s & Dul_u.th ........... • • • .M?,nneapolis & St. Loms. St. Paul Eastern Grand Trunk . . .... Chicago & North Western. Minneapolis & Pacific . . •.- .......,. •... M1:D,neap. St. P. & Sault Ste. Mar~e Minneap. ~ault f:,te. Marie & Atl tIC.MlilDeap. St. P. & Sault Ste. Marie. st. Paul Minneapolis & Manitoba . . . Great Northern. st. Paul & Pacific .....•........ •..... Great Northern. Minneapolis Ulllon ....... . ... .. ...... Great Northern. st. Paul & Sioux City ................ Chic. st. Paul Minn. & Omaha. ~nneapolis Western . .. . ....•....... Gr~at Nor~hern. st. Paul Stillwater & T. F .........• . Chic. St. Paul Minn. & Omaha. ~esota Central. . ................ . Cll?,cago Milwaukee & St. Paul. Salem & Lowell ..............••...... Boston & Albany. Western. Great C1~1cago ........... ~esota & Nort!1weste!n Sanford & Lake Eustis . .............. Jacksonville Tampa & Key West. Minnesota St. Croix & W1sconsm ... Wisconsin Central Company. Sandusky & Columbus Short Line . . Columbus Sandusky & Hocking. Western. North & Chicago Minnesota Valley .................... Sault st. Marie & Southwestern .. ... Chic. St. Paul Minneap. & Omaha. Miss!sq_u.oi.Valley ... : · ···············Ce~tral Vermont. SavannahAmericus&Montgomery.Georgia & Alabama. Alton. Mississil)PI River Bridge ........... . Cl!,icago_& savannah & Atlantic ............•... Central of Georgia. Missour~ Kansas & Ea!"tern .... ·.· .... Mi!"s011t·1 Kansas & Texas. savannah Albany & Gulf ..•. . •....•. Savannah Floriaa & Western. . Missouri Valley & Blair RR. Br1dge.Chic~go & North Western. . l\:lissouri &~estern .................. Atchison System-;-St. L. &. 8 Fran. Savannah & Charleston .. ..........•. Charleston & Savannah. Savannah & Western . ........... . .. . Central af Georgia Ry. Mobile & Girar~ . ........ . ........... Cen~ral of Geor$ia Ry. Schuylkill River East Side........... Baltimore & Ohlo. Monongahela River .............. : ... BaltimOi"e & Ohio. Scioto Valley & New England ....... Norfolk & Western. Montana Central_. ....... . ............ Great Northern. seaboard Air Line .........•......... Seaboard & Roanoke. Montauk Extension RR. .. .... . ... . . Long Island RR. . Seattle & Northern......•............ Oregon Improvement. Montgomery & Eufaula............. Central of Georgia Ry. Shenandoah Valley .....•..•......... Norfolk & Western. Mon~eal Portland & Boston .... . .. . Cenpral Vermont. Sherman Denison & Dallas . ..•..... Missouri Kansas & Texas. Morris Canal. ........ :··· · ·····:·····Lehigh Val~eyRR. , Sherman Shreveport & Southern . .. Missouri Kansas & Texas. Muskegon Grand Rapids & Indiana.Grand Rapids & Indiana. Shore Line ...... .. ...........•........ N. Y. New Haven & Hartford. · Nashua & Lowell .•...... •..•.....•.. Boston & Lowell. Short Creek & Joplin ..............•• Kansas City Fort Scott & Memphis. Nashua & Rochester .............••.. Worcester Nashua & Rochester. Sioux City & Pacific . ...... . ...•.... Chica~o & North Western. National Cordage . . ......... . ... . .... United States Corda~e. Sioux City & St. Paul. ... . .... . .•.... See Miscellaneous Companies. Nebraska ....... .. ... .. •.............. Chicago Burlington & Quincy. i:;mithtown & Port Jefferson.. ... . .•. Long Island. Nebraska&Western ........ . ......... Sioux City O'Neill & Western. Sodus Bay & Southern . ............•. Elmira & Lake Ontario. New Albany Belt & Terminal ....... Kentucky & Indiana Bridge. Sonora . . ..............•...•........... Atchison Topeka & Santa Fe. New Brunswick ................. . ... Canadian Pacific. South Carolina ................ . ..... South Carolina & Georgia, Newburg & New York . .. ......... . .. Erie RR. New Haven & Derby ................ New York New Haven & Hartford. South Florida ...............• . ....... Savannah Florida & Western. New Jersey Midland . ......•......... New York Susquehanna & Western. South Georgia & Florida..... . ....... Savannah Florida & Western South Side (Va.) .....................• Norfolk & Western. New Jersey Southern . . .............. Central of New Jersey. Southeastern & St. Louis .••...•..... Louisville & Nashville. New Mexico & Soutnern ~acific ..... Atchison Topeka & Santa Fe. Southern California .................. Atchison Topeka & Banta Fe. New Orleans & Gulf .................. New Orleans & Southern. Southern Central. . . .... . ........... . . Lehigh Valley. New Orleans & Mobile . .......... . ... Louisville & Nashville. Southern Georgia & Florida ..•...... Savannah Florida & Western. New Orleans Pacific . ... . ............ Texas & Pacific. Southern Minnesota ................ . Chicago Milwaukee & St. Paul. Newport & Richford ................. Connecticut & Passumpsic. Southern Pacific Branch ............. Southern Pacific of California. Newtown & Flushing . . ............•. Long Island. Southern Pennsylvania .............. Cumberland Valley. New York Bay Exten sion . .......•. Long I sland. Spokane & Palouse .............. . .... Northern Pacific. New York Elevated .. . .. . ............ Manhattan Elevated. Steubenville & Indiana ....... ; ....•• Pittsburg Cinn. Chic. & St. Louis. New York & Erie .. ................... Erie RR. Stockton & Copperopolis .. ........... Southern Pacific of California. New York Lake Erie & Western .. ... Erie RR. Sturgis Goshen & St. Louis . . .... . ... Lake Shore & Michigan Southern. New York & Long Branoh ........... Central of New Jersey. New York & Manhattan Beach ...... N. Y. Brooklyn & Manhat. Beach. Sugar Trust ....••...........•. . . .. .•. A~erican S_ugar R~ttning. Sunbury & Erie ..........•..........•. Ph1ladelphrn, & Erie. New York & New England . .. .. . .... New En gland RR. Superior Shol't LirlG .. .... .. ...... . .. Chicago St. P aul Minn. & Omaha. New York & Northern . . .........•.. New York & Putnam. New York Providence & Boston ..... New York New Haven & Hartford. Syracuse Northern ................ •.. Rome Watertown & Ogdensburg. Syracuse Ontario & New York ....••. WeRt Shore. Western. & Ontario New York & Oswego Midland ....••. New York St p ul & D 1 th i 'I' l , F ll & L k S ,New York & Rockaway .... . ......• . . Long lsland. . u u · a e uper or •··· · a. ay !)r s a s Bluffs. Cou:ncil & ls. J St. City Kan. .................... . Valley Nodaway Tarkio Valley ........................ K!Ln. C1~y St. Jos. & Council Bluffs. Norfolk & Petersburg . ....... . ..... . . Norfolk & Western. Tebo & NeosJ?,o ....................... Missouri Kansas & Texas. Norfolk Southern ............ . ........ Norfolk & Southern. Tennessee Midland ......... . .. . ..... Paduca~ Tenness_ee & Al_abama.. Northern Illinois ...... . .............. Chicago & North Western. Terre Haute & SouthE?astern ......•. EvansVJll~ & l?dianapolis. North Missouri. .... . ..............•.. WabaRh. Texarkana.& Ft. Bnnth .. . . . .. . .. . .. Kan.sas City .Pittsburg & Gulf. North Shore . .... . .. •... . .....•.....•.. Canadian Pacific. Texas Mexwan ...•.............. . ... Mex1can Nat10nal. North Wisconsin ......... . ..... . ...... Chic. st. Paul Minn. & Omaha. Thurber-Whyland... . ... ···:··~·····American Gro<?ery Co. (Miscel.). Northern Pacific & Manitoba Ter ... Northern Pacific. Toledo Ann Arbor & No. M1ch1gan.Ann ~bor Rall way: Pacific. Northern ........ Montana & Pacific Northern Toledo B~lt:····· · ········· · ·:·······Wheeling & L3:ke Erie. , Northwestern Grand Trunk .......•. Chicago & Grand Trunk. Toledo Crncmnatl & St. :i;,oms . ... ••Toledo St. L<?UIS & Kansas City. Northwestern Union................. Chicago & North western. Toledo Columbus & Cincmnati. ... . Toled~ & Ohi~ Central. Northwest Virginia ..•...........•. . . Baltimore & Ohio. Toronto Grey & Bruce .. . ........... Canadian Pamfic. t RR . & B a nkin g Co. of Georg1a Troy & Boston ............ . . .. ...... Fitchburg. 0 cean Stearnship ......... . .....•..••. Cen. Tunnel Railroad of St. Louis .. . .... Terminal Ass'n of St. Louis. 8fu~ei~nfrf?:~~~~~:::::::::::::::::~g~i~siu6t~ ~:!i'r~ramplain. Union ........................ . ....... Northern Central. Ohio Indiana &Western ..........•.. Peoria & Eastern. Union Railway of Chattanooga ..... Belt Ry. (of Chattanooga.) Ohio Land & Ry. Co ..............•.. Columbus Hocking Val. & Toledo. Union & Logansport . ............... Pittsburg Cincin. Chicago & St. L. O'hio & Mississippi.. ................. Baltimore & Ohio Southwestern. Union Ter. Ry. of Kansas City, Kan.Kansas City Suburban Belt. Ohio & West Virginia ... . .....••..... Col. Hocking Valley & Toledo. Upper Coos ..........••........ . ...•.. Maine Central. Old Colony Steamboat Co .. . .••••.. Old Colony RR. Utah & Northern .......•............ Oregon Short Line & Utah North'n. Omaha & Southwestern ..........•.. Chicago Burlington & Quincy. Utah Southern .............••........ Oregon Short Line& Utah North'n. Ontario & Quebec ..•...........•..... Canadian Pacific. Utica & Black River ..• . .•....•...•.. Rome Watertown & Ogdensburg. Oregon Pacific......... . . . ..... . ..... Oregon Central & Eastern. Oregon Short Line .•........... ••.... Oregon Short Line & Utah Northern. Valley Ry. of Ohio ..•..............• Cleveland Terminal & Valley. Oswego & Rome ............. . .. .. ... Rome Watertown & Ogdensburg. Venice & Carondelet ....... !. •••••••• Louisville Evansville & St. Louis. Ottawa Oswego & Fox River....... . Chicago Burlington& Quincy. Verdigris Val. Inde:pend'ce & West .. Missouri Pacific. Ottumwa Cedar Falls & St. Paul .... Chicago & North Western. Vicksburg & Meridian ..•....•....•. . Alabama & Vicksburg. Paclflc Coast .....•..••............... Oregon Improvement Co. Virginia & Tennessee ....••.......... Norfolk & Western. Pacific of Missouri. .................. Missouri Pacific. Waco &Northwestern . .•........••.. Houston & Texas Central. Pacific Short Line . .................. Sioux City O':Neill & Western. Ware ....................••............ Boston & Albany. Paducah & Elizabethtown .......... Chesapeake Ohio & S6utbwestern. & Franklin.........••...•... Western New York & Pennsylvnnla. Warren Hartford. & Haven New Y. Pawtuxet Valley•. ...........• . ..••. . N. Warwick Valley .................••... Lehigh & Hudson River. Peninsular (Mich) ..............•..... Chicago & North Western. City & Point Lookout.Baltimore & Ohio. Washington Pennsylvania & N. Y. Canal. ....... Lehigh Valley. Waynesburg & Canton . ....•...... . . . Cleveland Canton & Southern. Penn. Poughkeeps!e & Boston ...... Lehigh & New England. Western & Atlantic .... . .•. . ... .. ... Nashville Chattanoo~a & St. Louie. Penobscot Shore Lme.............•.. Mame Central. Western Minnesota .................. St. Paul & Northern ..t"aciflo. Pensacola & Atlantic .............•.. Louisville & Nashville. Western North Carolina ..... . ... .. .. Southern Railway. Philadelphia Marlton & Medford ... Camden & Atlantic. Western Pacific ......•...........•... Central Pacific. Pittsburg Akron & Weeitern ...... .. Northern Ohio. West Wisconsin .....•................ Chic. St. Paul Minneap.& Omaha. Pittsburg Cincinnati & St. Louis ..•. Pitts. Cinn. Chic. & St. Louis. Wichita & Western ......•......••.... Atchison Topeka & 6ant1t Fe. Pittsburg & Connellsville.......•.... Baltimore & Ohio. Wilkesbarre & Eastern .......... . ... N. Y. Susquehanna & Western. Pittsfield & North Adams ........•.. Boston & Albany. Willmar & Sioux Falls .....•..... . .. Great Northern. Plant System'. . .. .................... Savannah Florida & Western. Pleasant Hill & De Soto .........•... Kansas City Clinton & Springfield. Winona & St. Peter .... . .•..•.. . ..... Chicago & North We8tern. Wisconsin & Minnesota ............ .• Wisconsin Central Company. Plymouth & Middleboro ..........•. Old Colony RR. Wisconsin Minnesota & Paclflc ...... Minneapolis & St. Louis. Port Huron & Northwestern . ... . ... Flint & Pere Marquette. Wisconsin Valley ..••........•...•. . .. Chicago Milwaukee & St Paul. Portland & Kennebec ................ Maine Central. Portland & Ogdensburg .•.•......... Maine Central. York & Peach Bottom ..••.••..•..••. Baltimore & Lehigh. Portsmouth Great Falls & Conway .Boston & Maine. Zanesville Terminal ••••.••••.•••.••. ColumbuP Sandusky & Hooking. Prairie du Chien .••....•.•.••..••.... Chicago Milwa'J.kee & St. Paul. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK AND BOND TABLES. NOTES. ·· These tables are expressly intended to be used in connection with the information concerning investment matters published from we to week in the CHRONICLE. A complete index, therefore, of all items touching each company so published within the last eighteen mont in follows its statement in the text below. Annual reports are in black-faced figures, and italics indicate that the information is contained paragraph headed by the name of some other company. Any company not in its regular alphabetical order may be found by means of the in~x to roads leased and consolidated. The "dividends" appearing in the text are those wl:i:ich have actually been paid during the calendar years named, irrespective of whe they may have lJeen earned; hence they often differ from the dividends reported with the earnin~s for the same years respectively: on By "net earnings" as used in this SUPPLEMENT is meant the earnings remaining after deducting operating expenses, but not interest · debt, rentals or other fixed charges. Some companies report net earnings before and some after deducting taxes. The following will give explanations of each of the columns of the tables below: mortDescription.-Abbre viations used are: M. for "mortgage;" gen. M. for" general mortgage;" con. M. or consol. M. for "consolidated gage;" inc. M. for "income mortgage; " g. for "gold;" guar. for "guaranteed; " guar. p. & i. for "guaranteed principal and in· terest;" cum. for "cumulative;" non•cum. for "non-cumulative;" conv. for "convertible;" pref. for "preferred;" s. f. for "sinking & fund;" 1. gr. for "land grant;" r. for "registered;" o. for "coupon;" o. * for "coupon but may be registered as· to principal; " c. r. for "coupon and registered;" br. for "branch;" end. for "endorsed·;" "red." for redeemable, meaning subject to call before to maturity (so "red. at 100" means subject to call at par); "d'rn" or "drawn" for subject to call for the sinking fund from time time when drawn by lot; "p. m." for O per mile," thus $15,000 p. m. means $15,000 per mile. Date of Bonds.-The date of issue on the face of the bonds is referred to in this column. Miles of Road.-Opposite stocks, this means the mil~s of road owned ; opposite bonds, the miles covered by the mortgage. Sue or Par Value.-Showa (in dollars unless otherwise marked), the denominations or par value, "100, &c.," signifying $100 and larger. ; Rate Per Oent.-The interest per annum is given for bonds, and the dividends per annum for stocks; g. means gold; x, extra; s. stock or scrip per an. means per annum, so 6 per an. (M. & N.~ means 6 per cent yearly, payable 3 per cent in May and 3 per cent in November. When Payable.-J. & J. stands for January and July; F. & A., February and Aug,1st; M. & S., March and September; A. & 0., April and October; M. & N., May and Nov.; J. & D., June and Dec.; Q.-J., quarterly from Jan.; Q.-F., quarterly from Feb.; Q.--M., quarterly from March. Bonds,principai when due, etc.-Thia column shows the date when the bonds mature and when the last dividend was paid on stocks. Subscribers will conCer a great Cavor by giving Immediate notice oC any error discovered In these Tables. Bonds-Prinoi INTEREST OR DIVIDENDS. RAILROADS. pal,When Due Miles Date Size, or Amount Par Outstanding Rate F,er When Where Payable, and by Stocks-Last of For explanation of column headings, &o., see notes of Dividend. Whom. Cen . Payable Road. Bonds Value. above. --- Pennsylvania-lat mort. for $350,000 . . S~cond mortga~ $350,000 ...................... . A.ddison <I i~:~~act;;;}8J ouih~8o~ot•,~ ; ~h!1e:.~~: Preferred" A" shares,6 per cent (cum. for 6 years) 1st mortga~e. gold ...................... .......... c Gen. M. ster . £1,160,000, red. at 110 June 1, '98 .o Debentur~old..................•... ............. oates sinking fund ................... Income oe Alabama Midland-Common stock .................. Preferred atock, 6 per cent, non-cumulative ...... 1st Mort., guar. p.&i. end. Sav. Fla. & W., gold .. o let M., Sprague to Luverne,$15,000p. m, {old .. c* .A~a.N. 0. Tex. <f Pac.Junc.-Deferre d "B" s ares ... Preferred "A " shares, 6 p. o. cumulative.......... "A" deben., red. aft, Nov.1,'10, at 115-See text.c ''B" debentures, income, red. after 1910 at 115.o "C" deb., income,subject to call any time at 100. Interest cert. (secured by £34,193 " C" deb.) .... .Alabama <f Vicksburg-Stock ...................... .. Vicks. & Mer. 1st M. gold., subj. to call till 1897. .... ..57 290 290 290 290 .... .... .... i75 33 .... .... .... .... .... i¥:i 143 . ... 1892 1892 1892 $1,000 J. & D. New York, 49 B'way. 5 $69,000 J. & D. Dec.,'94, coup. last paid. 4 289,000 M.& S. N.Y.Of.,21Cortland tSt. g. 412 1,000,000 London. £10 £1,566,000 See text. do M.&N. an. per 6 £676,070 £10 6 g. J. & J. N.Y.,Farm.L.&Tr.& Bos $1,000 $1,750,000 Mills. Glyn London, D. & J. g. 5 £476,000 £100 1888 do do £134,000 £100 1886 g. F. & A. do do ..... £53,257 1888 Various. .......... ..... .... 1100 $2,625,000 ...... 1,600,000 100 M:·&··N. N.Y.,Met'politan Tr.Co. 2,800,000 $1,000 6 g. J. &D. 500,000 1,000 1890 ········-· ...... .... . £10 £2,500,000 . ... £10 £1,500,000 M:·&·°N. See remarks. £718,850 £100 See remarks. 5 g. M.&N . £100 £1,048,390 1890 See remarks. O. & A. g. 5 £810,652 £100 1890 ..... ~28,494 ...... .... Office. ioo $700,000 See text. A:·&··o. N. Cincinnati, Y., Central Trust Co. 6 g. 1,000,000 1,000 -·-· i878 isss ...5.g. isoo ...5.g. .......... issi Addison, · New ddison & Pennsylvania Ky .-Owns road A York, to Gaines, Pa., 41 ruiles; leases Gaines to Galeton, Pa., 5 m. A reorganization in 1892. STOCK authorized-Commo n, $600,000; pre· ferred, $350,000; outstanding June 30, 1894-Common, $568,900; preferred, $197,586. Loans and bills payable, $262,898. Interest due June 1, 1895, on 2d mort. was not paid. Mee V. 61; p. 557. EARN~Gs.For year ending June 30, 1895, gross, $87,388; net, $24,666 (a"'ainst net $24,228 in 1893-94); other income, $17,286; charges, $26,833: balance, surplus, $15,119. Standard-gauging completed mNovember, 1893. New York office, 49 Broadway.-(V. 61, p. 469, 557.) Adirondack Ky.-Owns 'Saratoga to North Creek, N. Y., 57 miles. Extension to Long Lake, 30 miles, was proposed. otook authorized, $4,000,000; outstanding, $2,600,000; par, $100. The bonds carry the endorsed guaranty of the Delaware & Hudson as to principal and interest; the $1,000,000 bonds unissued may be sold for extensions at $20,000 per mile of completed road-trustee, U. s. Trust no. In year ending June 30, 1895, gross earnings, $180,321;; net, $61,102; other income, $6,202; charges, $51,730; bal., sur., $15,574. In 1893-94, gross, $165,235; net, $39,844.-(V. 59, p. 3 7 4, 1102.) Alabama Great Southern KK.-( See Map Southern Railway.)Owna Wauhatchie, Tenn., to Meridian, Miss., 290 miles; leases Wauhatohie to Chattanooga 1 5 miles. Trackage, Ga. Pao. RR., WoodlawnBessemer branch, 19 miles. ORG.ANIZATION.-An English company of the same title owns all the ~o:e~ur! t~~8f!~n.°ia\~~!fe t~~:n°t~J'J'sn~: t~~c~:ii<&~:::s~~~ dffr~ ginia & Ga. was sold in July, 1895, together with $500,100 Cincinnati New Orleans & Tex. Pao. stock, for $1,500,000 to the Southern Railway Co., in whose system the road is now operated, but as an independent property. See V. 61, p. 375. In May, 1895, the Southern Ry. Oo. and the Cincinnati Hamilton & Dayton made an agreement as to this road and the Queen & Crescent route. See V. 60, p. 26. The Alabama Great Southern English and American companies own jointly $1,000,000 · Cincinnati N. 0. & Texas Pao. stock. 8TOCK.-Of the capital stock of the English Company 11he Southern Railway Company in July, 1895, purchased £340,000 "A" shares and £783,010 "B" shares. V. 61, p. 26. Of the preferred t>hares authorized £123,930 were unissued June 30, 1895. As to application of net profits see SUPPLEMENT of March, 1894. DIVIDENDS.-On "A" assenting shares: In 1889, 6 pet cent; in 1890, 9 ; in 1891, 6 p. c.; in 1892, 6; in 1893, none; in 189!, none; in 1895, see annual report below. On Class "B" 112 p. o. was paid in 1801 ; 1892, December, 112 p. c. BoNDs.-Of the general mortgage unissued £484,000 is in trust to retire the 1st mortgage bonds and debentures at maturity. fJar trust June 30, 1894, including interest, $195,593 ; bills payable, $20,952. LATEST EARNINGS.-5 mos. ) 1895, gross, $755,278; net, $297,353. i 1894, gross, 669,095; net, 251,288. July 1 to Nov. 30. ANNUAL REPORT.-Report for year ending June 30, 1895, was in V. 61, "P· 1104, showing gross, $1,528,407; net, $500,378; interest on bonds, $259,742; income tax, etc., $18,830; balance for stock, $221,806, from which a dividend of 12s. per share on preferred A !'!tock was declared, payable when sale of £50,000 of general mort~age bonds is completed, In 1893-94, gross. $1,553,782; net. $424,083; balance for stock, $144,271.-(V. 59, p. 70, 115,371, 600,879,968.1141 ; V. 60, p. 349,710,796, 1103; v. 61, p. 26, 67,569, 610, 1104.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis f Dec. 1, 1932 Dec. 1, 1932 Mar. 1, 1942 Dec., 1892 See text. Jan. 1, 1908 Dec. 1, 1927 Au~5,1906 'gfund Bys ---····· Nov:·i;·i928 Dec. 1, · 1929 . --· ---- Nov'.i°,i°gfo.40 Nov.1,1910·40 Nov. 1, 1940 Nov:fr:·i892 Apr. 1, 1921 Alabama Midland Ky.-( See Map Sav. Florida- West.J-Owns IBainbridge, Ga., to Montgomery, .\.la., 175 miles; btanoh, Sprague di Junction to Luverne, 33 nnles; ~otal owned, 208 miles. Operates Abbe• ville Southern, Abbeville Junction to Abbeville, 27 miles; completed Nov., 1893. Interest on the 1st mort. due 1928 has been reduced from 6 to 5 p. c. and bonds stamped principal and interest guaranteed in gold by the Sav. Florida & West. No arrangement was made with the branch line bonds, mostly held by the Plant Investment Co., which controls the Alabama Midland stock. EARNINGS.-5 mos, 51895, gross, $268,798; net, $48,932. July 1 to Nov. 30. { 1894, gross, 241,'121; net, 23,148. For year ending June 30, 1895, gross earnings. $535,393; net, $24,571. In 1893-9 i, gross, $547,955; net, $44,722. In 1892-93, ~oss, $490,768; deficit under oper. expenses, $52,093; interes1<, etc., $247,653; total de.fl.cit for year, $299,746. Plant Investment Co. owns $2,425,000 common and $1,200,000 pref. stock. V. 59, p. 1057, 1102. &labama Ne-w Orleans Texas & Pacific .J"unctlon Co. (Llmlted.)-This is an English company oontrollingAlabam a & Vicksburg, 142 miles; Vicksburg Shreveport & Pacific, 189 miles; New Orleans & North Eastern, 195 miles; Spanish Fort Railway, 13 miles. BONDS.-The "A." and "B" debentures are subject to call after Nov. 1, 1910, at 115. "A" debentures were incomes till Nov. 1, 1895. Coupons paid: On A debentures to and including Nov., 1895, all in full. On B debentures: In 1891 212 pAr cent: in 1892, 212 p. c.; in 1893, none; for 1894, 0·875 p. c. paid Mar. 1, 1895. SECURITIES OWNED.-Ala. & Vicksburg $30,000 1st mort., $141,100 consols, $387,700 2d mort. incomes and$387,700 stock; Vicksb. Shreve• :port & Pacific, $3,692,000 1st mortgage, $1,364,000 3d mortgage1 $494,860 4 p, c. incomes and $1,594,000 stock; New Orleans & Nortn Eastern, $4,900,000 1st mortga"'e and $4,320,000 stock; New Orleans Spanish Fort & Lake RR., $'300,000 first mortgage and $200,000 common stock; Cincinnati Southern, $532,000 stock; overdue coupons, :N. 0. & N. E. and V. S. & Pac. to Dec. 31, 1893, £765,230. EARNINGS.-See separate statement for each of the controlled companies. For 12 months ending Dec. 31, 1894, net receipts from investments were £50,295; paid general expenses (£3,634), income tax (£1,753), interest on •• A" debentures (£36,253), &o., balance £9,210, including £555 surplus of previous year. Alabama & Vlcksbur.g Ky.-OwnsVicksb urgto Meridian,Misl!I. and branch, 143 miles, all steel rails. Controlled by Alabama New Orleans Texas & Pacific Junction Co.-which see. Reorganization of the Vicksburg& Meridian foreclosed Feb. 4, 1889 (see V.48, p.190). DIVIDENDS.-Nov., 1890, to Nov., 1892, 3 p. o. yearly; none since. BONDS.-The new seconds were income till April 1, 1894, and are a. first lien on the lands-109,429 acres. Trustees, Central Trust Co. Of the $1,800,000 oonsols authorized, $1,000,000 are with trustee to retire v. & M. firsts. Vicks. & Meridian bonds assenting to reorganization plan of 1889 are subject to call till 1897; a few did not assent. EARNINGS.-From Jan. I to De<;. 14,'95 (lllgmonths), gross, $521,72,3, agst. $523,083 m 1894.) ANNUAL REPORT.-Report for .fl.seal year ending June 30, 1895, was in V. 61, p. 514, showing results as follows. Taxes are included in operating expenses : s lNVESTORS' SUPPLEMENT. LXII. [VOL, Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables. Bonds-Prlnci INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or When Due Amount Rate per When Where Payable and by pal, Par of Stocks-Last' F or explanation of column headings, &c., see notes of Road. Bonds Value. Outstanding Cent. Payable Whom. Dividend. on first page of tables. A.la. & Vicks. consol. 1st M., ($1,800,000) gold.... 2d mortgage was income till Apr., 1894, gold... Albany Fla. cf: North.-lst M., g. , $12,000 p er m . c* A ,bany fl Susq.-Stock, divi'dsguar. byD.& H.(end). Albany City loan (sinking fund, 1 per ct. yearly).o Con. M. (guar. p .&i. by D. & H. end. on bonds).o*&r Albany -- --- Alabama cf: Vi cksburg-(Concluded)- Vermont-Stock . .•.. ... . ......•••... .. . . .. ,.Ulegheny ff Kinzua-lst M., for$500,000, 01d .. o* 4ltegheny Valley-Common stock for $12,0 0,000 . . cf: 8 143 143 35 i¥2 142 12 1889 $100&0. 1889 100 &c,. 1,000 · 1890 100 is65 1,000 1,000 1876 100 isoo 1,000 50 50 is66 1,000 1870 $&£ 1870 100,000 1892 1,000 · 259 ---- $587,000 700,000 500,000 3,500,000 750,000 10,000,000 600,000 485,000 10,544,200 16,170,050 See text. 9,998,000 1,300,000 5,390,000 1,268,885 450,000 3,250,000 4,000,000 7,000,000 LINE. 358,000 240,000 133,000 Preferred stock for $18,000,000, 3 per cent oum . 259 1st mort main line (River Division) .. . .. .. ...... o* 132 1st M., low grade,East'nExt., guar. Penn. RR . . o 110 Mort. to State Pa., $100,000 due Jan. 1,-yearly.. r 242 Gen. M. ($20,000,000) g., guar.j. &i. (end.) . c*&t' 259 Allentown RR. leased to Phila. Reading) ....... 1,000 1889 1 llentown Terminal-lat m., gua-r. p.&i. (end.)gold . 100 Ann Arbor Railway-Common stock .. . ... .. . .. . . .. --- 100 Preferred stock ($4,000,000), 5 p. c., non-cum . .. 1,000 ls t mortgage, $7,000,000, gold ....... . .. .. .. .... c* :196 iso5 Annapolis cl: Baltimore Short Line-See BALTIMORE &ANN APOLIS SHORT 100 A.nnapolis Washington cl: Baltimore.-Stock . ....... 2012 1,000 26 1·sss Ark. & Loitisiana-lstmort. (auth. $384,000) .... c 74 1891 1,000 Ark. Midland.-lstM. ($6,000 p. m.)g.,red.atll0.c* (1) 1,000 Asheville fl Spartanburg-1st M., $1,000,000 . . .... c 134 1895 1,000 1892 480,000 A storia cl: Porttand.- lst mort~age .. . ............... 1,000 4,070,000 Atchison Ool. fl Pacific-1st M. $16,000 p. m.) !?U •• c* 254 1879 34 1879 1,000 542,000 Atchison Jewell Co. ff West.-lstM.,g-uar. C. B.U. P .c Atchisor, Topeka cl: Santa Fe Rai l w ay-SECURITIES AFTER REOR GANIZA '.l'ION WILL 100 102,000,000 Stock, common . ..... . . ............. . .. . ........ _.. . --- - · -· · . .... ,951 Do preferred, non•eum . . ....... .. .. .. . ... ... . . . . . . . -- --- ll 1l,!85 1,000 ,500,000 Chicago & St. Louis 1st M. ($10,000 p er mile) . ... 141 1885 ···s Gross. Net. -- ---· ---· 5 g. 5 g. 6 g. See text. 6 6g &7 3 per an. 5 g. ...... -- ---- 7'::JO 6 g. or 7 5 4 g. deposite 4 K, ........ ....... .. 4 g. A. & 0. N . Y., Central Trust Co. A. & 0. do do J. & J. See t e xt. J. & J. N.Y.,Del.&Hud.Can.Co. M.&N. do do A. & 0. do do M.&N. Troy, N. Y. F. & A. In default. Apr. 1, 1921 A.pr. 1, 1921 July 1 , 1920 J a n., 18~6 Nov ., 1896-97 Apr. 1, 1906 No v. , 1895 In installm'ts J ...&.. J. A. & 0. J. & J. M. & S. d under J. & J. Moii... i;°i89tl April 1. uno Jau . 1 ,'97, etc Mch. 1. rn4:I $1,073,950. July 1, 1919 ---·- . ... . --- -- - ------- --· ... .. . ... ---- ---· Q:..::j . lRt coup: ·due·Apl. 1, ' 97 Juiy · See text J. & J. 5 J. & J. ~ g. J. & J. J. & J. 6 M.& N. 6 Q.-F. Q.-F. 6 BE : ·---6 -- ---------- N.Y.,Phila. &Pittsburg. Phil., Pa. RR. Co. & Lon. Pittsburl!', Pa. Philadelphia,Pa. RR.Co P. & R. coll. tr. of 1892 New York 1:1 nd Phila. 1; ·i995 Jan. 2, 1896July 1, 1913 N . Y. ,H.-Taiimadge& Co. July 1. 1911 199~ N. Y.,J.P. Morgan&Co. In default. 1932 Aug'., '93, coup. last pd. Ma y 1, 1901} Aug., '93, coup. last pd. May 1, 1905 Baltimore. .... . ....... ... . .......... · ··· M.& S. N. Y., F a rm:i: & Tr. Co. M cii: ·i; .i91f>. Other i nc. Inte1est, etc. Bal. sw·. \ Toledo Ann Ar l>or & N. M . for year 18 94 was in V. 60, p, 1056, s h o win~ 1894·95 .. $ 555,677 $129,972 $~~-J S $124,260 $ 5,950 129,447 159 12Q,34 6 1 ,260 11393-94 .. 565,780 1892-33 . 588,298 105,8~4 16,076 121,910 .... .. In 1894-95 cost of a steel bridge, $41,151, and of new culv erts $16,669,-total $57,820, was char g ed to oper a ting expen ses. (V. 59, p, 736; v. 61, p . 514) Albany Florida & Northern Katlway.-Owns roa d from Cordele to Albany, Ga ., 35 miles, complet ed in 1891 . L eased in 1892 to Sav. Americus & Montg omery but not included in the reorg anization of tha t roa d in ~8 95 Stock_issued $175,000;. p ar, $100. DEFAULT -lnterest has been m default smce J a nuary, 1893. Albany & Susquehanna KR.-( See Map Delaware cl: Hudson.)ROAD.-Ow ,s Albany, to Binghamton, N. Y., 142 miles. Leases, Duanesburg Junction, N. Y., to Schenectady, 14 miles; Coblf'skill, N. y ., to Ch arry Valley, 21 miles; Lackawanna & Susquehanna RR., 22 miles; East Glenville to Coons, 10 miles; total operated, 209 miles. LEASED for 150 years from February, 1870, to Delaware & Hudson Canal Co., which Dec 31, 1894, own_ed $450,0oo· st~ck. Lessee guarantees 7 p er cent p er annum on stock till the Albany City loan for $l,0O0,· 000 is paid by sinking fund1 thereafter 9 per cent. (See wording of guaranty in V . 56, p. 774.) The loan is payable November 1, 1896, and May 1, 1 897, $250,000 each date. The Albany sinking fund receives $10,000 per annum and interest on investments, and in June, 1894, amounted to $571,393. Additions and betterments charged to lessors, and cost made part of investment. BONDS-The consolidated mortgage is ror. $10,000,000,_ of which $3,0<;)0,,?00 are 7 per- c~~ts, currency; t~e prmcipal of the6s 1s also payable m lawful mo:aey, but the interest m gold. LATEST EARNINGS- From July 1 to Sept. 30, 3 months: 3 mos. Gross. Net Charges Bal. , sitrp. 1895 $1 046 948 $482 649 $296 ~37 $186,4i2 1894. · · · · · · · · • · · · · · · · · · 1' 032 633 513' 601 296' 648 216 953 . . · · · · - · · ·•·· · · - · · · ' . ' ' . ' • .ANNUAL REPORT.-Earnmgs for years endmg June 30: gro ss, $l,0tl5,224; n e t, $25 8,827; interest c b.arges, taxes, etc., $430,31i5 bal., deficit for year, $171,486. For 1893, gross, $1,038,243; in 1892,;· gross, $1,099,651. DIRECTORS.-Elected September 1895: W. R. Rurt, G. W. Quintard, J. Edward Simmons , R. M. Galloway, R. C. Martin, C. J . L awrence,. John J a cob A stor, R. D. Murray , B enj . P erkins, E.W. Tolerton, William, C. McClure, A. W. Wrigllt, Amos F. Eno. Presiden t , W.R . .Bur t. (V. 61, p. 239, 557; 792, 965.) Annapolis · &)Ba.It. Short Llne.-See BALT. & A. S. L. Annapolis Wasbln~ton & Baltimore KK.-Owns roa d from. Annapolis to Annapolis Junction, 2012 miles. Organized in 1886. Nobonds. Divi.lenas: In 1887, 5; in 1888, 412; in 1889, 4; in I ~90; 414; in 1891, 534; in 1892, 634; in 1893, 512 p. c.: in 1894, J a n., 3 p . c., in July, 2 p . . ; in Oct. an extra div. of 1·36 p. c.; in 18 95, 4 12 p. c.: in, 1896, Jan., 2 per c ent. EARNINGs.-For year ending June 30, 1895, gross , $54,747; net, $16,K 12; charges, $1,942; dividends , $15,197;. balance, deficit, $527. In 1893·94 gross, $61,371; net, $19, 5 69. A.shevllle & Spartanburg KR.-( See Map of Soi tthen i Ry.)Owns from Spartanburg June., t:!. C., to Asheville Junction, N. C., 66 miles; Alston to Spartanburg (formerly Spart, Un. & Col.), 6 8 miles r and is now being overated -by:·the Southern Ry. The Ashevme & Spartanburg, as above, and Spartan. Union & Col. will be merged· into one company and leased to the Southern Ry. for a , rental sufficient to meet the interest on $1,000,000 4 per cent bonds. In 1892-93 gross $143,215, against $153,357 in 1891·92: detlcit from oper. $904. Floating debt in 1893, $397,000. (V. 60, p . 130 ) A.tell.Ison Colorado & Paclfic.-Owns Waterville, Kan., to-• Lenora, Kan., 193 miles; Greenleaf, Kan., to Washington, Kan., 7 miles; Downs, Kan., to Alton. Kan .. 24 miles; Yuma, Kan., to Warwh,~. Kan., 31 miles; total, 255 miles. An extension of the Central Branch Union Pacific, which leased it in 1879 for 25 years, and guaranteed the bonds; principal and interest. Controlled by Union Pacific, but operated by Mo. Pacific. STOCK, $1,522,400 (par $100), of which U. P. owns $920 300. RENTAL $253 500 yearly. Interest Nov 1 1893 unpaid 1894·5 ............. . .. $3,872,786 $1,591,348 $1,084,962 $506,386 1893·4 ... _.. . . . . . . . . . . 3,988,795 1,782,796 1,171,652 611,144 1892--3. _.. .. _. . ..... _. 4,298,894 2,018,722 1,182,774 835,948 -(V. 59, p. 291,878; v. 60,p. 301,834; v. 61, p. 322, 829.) Albany & Vermont KK.-Owns road from Albany to waterford Junction, Y. Y., 12 miles, Leased to Rensselaer & Saratoga in 1860 and now operated by D. & H . Canal Co. Annual rental, $20,000. Allegheny Valley Kallway.-Owns from Pittsburg to Oil City, Pa.., ,132 miles; branches-Red Bank, Pa., to Driftwood, 110 miles; others, 18 miles; totaloperated,260mlles. ORGANIZ-\.TION, &c.-Reorganization March 1, 1892, of the Allegheny Valley Railroad, sold in foreclosure Dec. 15, 1891. Plan of reorganization, etc., was in V. 53, p. 324, 368, 520; V. 54, p. 409, 524. Road con• trolled by the Pennsylvania RR. Co. as majority stockholder. STOCK.--Stock authorized $30,00©,000, of which $18,000,000 is cumulative :-J per cent preferred stock. Pennsylvania RR. co. owns $9,· 653,800 common and $10,633,150 prererred stock. BONDS.-See Jan. SUP. In July, 1895, the company offered to redeem the $4,000,000 first mortgage "7·30" bonds due Mar. 1, 1896, at $1,030 per bond. For this purpose $4,000,000 general 4 8 were sold in June, making the totaJ. outstanding $5,390,000. FoRECLOSUt.<E.-Smts were br01~ght Nov. 20, 1895, by the mortgage· trust~e, Samuel Carr, under Atchison C. & Pac. and the Atch. J. Co. &: W. first mortgages. V . 61, p. 924. EARNINGS.-11 months,?. 1895 ......•. Gross, $249,000; dt>f., $50,785 , Jan. 1 to Nov. 30. 51894 . ....... Gross, 333,963; net, 10,444 In year 1894 gross. $355,828; deficit under operating, $44,771. In 1893 gross earnin~s, includ~ng operations. of Atchison. Jewell Co. & W~stern, were $486,880, agamst $710,:382 m 1892; deflmt under_oper• atmg expenses and taxes, $33,635, agamst surplus of $180,181; ~nterest on bonds, $27~,720; other charges, $10.640: total ctetlc1t for 1893, $320,995, agamst $107,156 deficit for 1892.- V. 61, p . 924. Atchison .:re-w-ell County & Western KR,-Jamestown, Kan., to Burr Oak, Kan., 34 m. Under same auspices and control as AtchiMnn Colorado & Pacific. Stock, $202,400 (par$100), of which Uru01- Pacific' owns $105,000. Rental, Sl:-l3,875 p~r annum. Interest due Nov. 1, 1893, was not paid. See "foreclosure" under Atchison Colorado & Pacific · above. Earnings included in Atch. Col. & Paoifto.-V. 61, p. 924 . (The) Atcblson Topeka & Santa Fe Kallway.-R0AD.-'l:ise sy1>tem proper aggregates 6,543 miles, and includes the m ain lines from Chicago, via Kan sas Cit-y, to Galveston, Texas, on the Gulf of Me xico; also to Denver, Col., and thence southerly, connecting- with the Atlan· tic & Pacific (by which California is reached), to El Paso, Texas, on the · Mexican boundary. It also embraces a g-reat network of branches in Kansas and 491 miles of road in Southern California. In _addition the old Atchison Railroad Company controlled and operated the following corporations, which are now in the h a nds of separate receivers , a s stated in the report for each-see below: Atlantic & Pacific RR., 9-17 miles; St. Louis & San Francisco, with branches; 1,453 miles; Colorado Midland, 350 miles. The system prior to Jan. ,. 1894, aggrega ted 9,34-! miles of road. HISTORY.-This Railway Company was org-anized in December,1895., to succeed to the property and franchises of the Ra-ilroad Company-, which were sold 10 foreclosure Dec. 10, 1895, under the genera l mortgage of 1889. Tht'I new company took possession Jan. l, 1896. Re· organization under the plan of March 14, 1895, was nearly completed, in January, 1896, a nd it was expected the new securities would be issued in a short time. An assessment of 10 per cent was levied on the $102,000,000 old stock and of 4 per cent on the $84,000,000 old second mortgage bonds. , The plan, which received the nearly unanimous assent or the old seeurity 0 holders;· was in V. 69, p. 65 8 . See also V. 61, p. 280. The statement below for the old Railroad Company gives the terms allowed the old securities. It is still uncertain what arrangement, if any, will be made for the retention in the system of the St. Louis & San Francisco, Atlantic & ·Pacific and Colorado Midland. The main line, 471 miles, was opened December 23, 1872. The whole srstem outside of this mainline is nominally under different corporat1ons, whose stocks and bonds are nearly all deposited in trust under the Atchison's blanket mortgage. The system is therefore in e:tfect one line. · NEW STOCK.-The preferred stock authorized issue is $111,486,000, but $20,000,000 additional maybe issued for the acquisition or the Gross. Net. Charges. Bal., sur. EARNINGS.-11 months,?. 1895 .. ·· .Gross, $2,355,6:-l7; net, $950,533 Jan. 1 to Nov. 30. 51894 . .... Gross, 1,990,574; net, 798,023 ANNUAL REPORT,-Report for 1894 in V. 60, p. 604, showed gI'.OSs, $2, 176,708; net, $824,928: capital tax, $25,668; interest char~es , $1,127,· 580; balance, deficit, $328,360. In 1893 gross, $2,436,816; net, $877. 027; deficit under charg'es $277,049; deficit in 1892, $89,846. (V. 59, p. 27; Vol. 60, p. 604, 872, 1057.) Alleuto-wn Terminal KK.-See SUPPLEMENT of Sept., 1894. Ann Arbor Hy.-(See Map.)-ROAD.-Owns road from Toledo, o., northwesterly to Frankfort, on Lake Michii?an, 296 miles; branche s, 8 miles. The new terminal property at Teledo comprises about 3 mil~s of double track with brick passenger station aud with brick freight houses located near the business centre of the "ity. ORGANIZATION.-This company was incorporated Sept, 20, 1895, aR successor to Toledo Ann Arbor & North Michigan, sold in foreclosure July 2, 1895, and reorganized per plan in V • 59, p. 782. ; · The Escanaba Frankfort & ~outheastern, 23 miles (included in the mil~ age above) was purchased and formally consolidated with the new company. STOCK AND ROND-<.-Common stock has equal voting power with the preferred. Of the $7,000.000 new first mortgage bonds (trustee Metropolitan Trust Co., N. Y.), $5,962,200 were used to retire old bonds, the balance, $1,037,800, together with $437,900 of preferred stock. were sold, the proceeds to be used for payment of all debts, purchase of Escanaba Frankfort & S. E. Ry., new Toledo terminals. reducing grade;i, and other improvements. ·. rhe bonds draw interei;t from Jan. 1, 1897. ANNUAL REPORT.-For year ending Aug. 31, 1895, on old Tol. A. A. & N. M. gross were $1,112,28,; net over taxes, $336,755; betterments $221,697; balance, $115,058. Fiscal year ends Dec. 31. Report of old https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ' ' . ' · • ' ' · ~ MAP OF 0 THE ANN ARBOR RAILROAD Jv- ":/1 z0~ II 112 CQ A z ~ r.11 ~ 0 0 H 00 ~0 ~ C0 Cl) 00 ..-➔ ~ ~ ;; https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis AND ITS CONNECTIONS. INVESTORS' SUPPLEMENT. 10 t VOL. 1XII. In these Table•• Subscribers -w-111 cont'er a great f'avor by giving llnined.late notice of' any error discovered Bonds-PrinciDIVIDENDS. OR INTEREST RAILROADS. Amount 1- - - - - - - - - - - -- -- ~ - - - lpal,WhenDue. Date Size,or - - - - - - - - - - - - - - - - - - - ~ 1 Miles and by Sto~ks-Last Payable, Where When per Rate Outstanding Par of of s,eto.,seenotes ing Forexplanation ofoolumnhead Dividend. Whom. Cent. Payable Road. Bonds Value. on first page of tables. .itch. Tope/ca c1; San ta Fe R ai lway-( ConcludedJGuara ntee fund notes, ext. , r ed. at 100, gold.. .. 471 Prior lien M., $17,000,000, r ed. at 103, g o1d. . ... . . . . . Old bonds not a ssenting to r eorgan. of 18 89..... . . . . General mortg age (new ), gold, see tex t.... .. .. .. . ... ,Adjustment incomes, non-cum . till 1900. . . . . . .. .. .... Equip. Tr., Ser. A., g ., $250,000 drn. y'rly a t p ar.c .Atchison Top e/ca cl: San ta Fe Railroad-SECURITIE S RETIR Stock............ . .. . ... . .................. .... ..... . General M., gold {as to amount out see tex t) . . o*&r 6,634 Income bonds ...... ... . .. ..... . ..•... . . ... .. . .. . . .. 6,634 New 2d mortgage gold, class A .. ....... ....... o&r 6,634 Class B, $5,000,000 more a s collateral ..... c&r 6,634 Atchison System-Atlanti c & Pacific_;_ .Receivers' notes in December, 1895. : .. .. .. . .. . • . . , .. 1st. guar. trust_M., $20,000,000, gold ...... . ..... o* 692 West. Division2dM.g uar.,g. {s.f. drawnat105).o* 560 Inc. bonds, non•cum .. W.D.{$18,750p .m.) . . o*&r .... Central Div., 1st land grant mort., cumulative . . o.. . .•. Income bonds, non-cum. {$18,750 per mile) . . c* ..•. Atchison System-Oerrillo s Coal RR.1st M., gold, guar., s. f., subject to call at par . . c* . .. . A.tch. Sys.-Ohic. S. Fe cl; Oal.-lstM.,gol d, See text. 439 1888 1895 . . .. 1 89 5 1895 1892 ED BY .... 1889 1-889 1892 1892 $5,000 ..... ... . . ..... 500 &c. REORGA 100 500 &c. .... .. 500 &c. 500 &c. $9,000,000 See text. 1,559,950 96,990,582 51,728,310 1,500,000 NIZATION. 102,000,000 129,318,792 1,253,607 77,937,500 3 5,000,000 6 g. M. & N. N . Y.,Bk. of Nor. Amer. Nov . 1, 1898 1925 4 g. Various . Oct. 1, 1995 New·Y<):rk:;etc. A:·&· ·o. 1995 .......... ..... 5 g. J. & J. N ew York and London. Jan.1 ' 97-1902 ...4.g. 4 Nov. J."·&-·J. July, '93,coup. last pd. July July A.".&o._Oct., '93, coup. last pd. July July do do 4 g. A. & 0. ···4-g. t<>4·~. 15, 1888 1, 1989 1, 1989' 1, 1989 1, 1989 503,133 1895 18,794,000 1887 1,000. See remarks 1887 50 &o. 12,000,000 1880 796,629 1871 500 &c. 1,823,000 1,000 1882 ···4·g, J:·&· ·J. July '93 coup. last paid. Jall.: ·1;·i93'7 832,000 629,000 4 g. J. & J. N.Y.,Office,12 0B'way. Jan. 1, 1904 5 g . J. & J .July, '95, paid Oct., '95. Jan. 1, 1937 i:ooo 1,000 1892 1887 1000,&c 6 g, M. & S. A. & 0. 6 At Mat. 6 J. & D. 6 In default. .. . . . .. . . . . .•. . •.. .• .. . ..... .. Sept. 1, Oct. 1, Nov. 1, June 1, 1907 1910 1901 1922 General mortgage bonds {coupons of Jan. 1, 1894, and thereafter at tached) also received 1 per cent in cash for adjustment of interest to Oct. 1, 1895. The 10 per cent assessment on the capital stock was underwritten by a syndicate of foreign and American bankers. Atchison Systein.-A.tl antlc & Pacific KK.-RoAD.-O wns Western division from Isleta, N. M. , near Albuquerque, to Big Colorado River, 564 mile~ and Central Division, from Seneca, Mo., to Sapulpa, Ind. Ter., 11~ miles. Leases from Big Colorado River to Mojave, Cal., 242 miles; trackage Atch. Topeka & 8. Fe to Albuquerque, N. M., 13 miles; branches to mines, quarries, etc., 12 miles; total operated, 943 miles. HISTORY AND STOCK.-Charte red by act of Congress July 27, 1866; an important link in the Atchison system. Authorized stock $100,000, . 000 {par, $100), of which $79,760,300 has been issued; the Atchison and the St. L. & San Francisco own $57,083,400, $51,503,800 of this being owned by the Atchison Topeka & Santa Fe and the St. Louis & San Francisco companies equally and deposited in trust for thirty years; $3,396,800 is deposited with Union Trust Co. of New York trustee under Atchison general mortgage, and $2,175,900 is deposited with Mercantile •.rrustee Company, New York, trustee under St. Loni's& San Francisco consol. mortgage. RECEIVERSHIP ,-In January, 1894, the Atcl!l.ison receivers were appointed receivers of the Atlantic & Pacific ; they resigned in December, 1895, and in January, 1896, Charles W. Smith was appointed {V. 62, p. 84.) Securities held by the Mercantile Trust Co. for the 1st ~aranteed trust bonds were sold April 22, 1895, to representatives of the first mortgage bondholders for $1,900,000.' {V. 60, p. 479.) lD July, 1895, a bill of foreclosure was filed by the U . S. Trust Co., mortgage trustee. (V. 61, p. 111, 280.) RECEIVERS' NOTES.-Notes have been authorized as follows: Januar y 19, 1894, for taxes and wages, 4$210,000; March 26, 1894, forrental of Mojave Division, $218,133; April 22, 1895, for rental of · Mojave Division, $75,000. COMMITTEES.- Francis S. :Sangs, J. G\ McCullough, Otto T. Bannard, G. J. Wetzlar and William Basset are acting as a bondholders' committee of 1st mortgage 4 per cent guaranteed trust bonds, in concert with Amsterdam and Frankfort holders. Depositarles: State Trust Co., N. Y., and Shawmut Nat. Bank, Boston. See above and also Atchison_plan. In October, 1895, $17,645,000 guaranteed 4s had been deposited. V. 61, p. 660. BONDS, &c.-The trust bonds due in 1937 were secured by deposit in trust of $16.,000,000 Western Div. and $2,794,000 Central Div. first mortgage - - - mortgage bonus, and coupons for $2,524,150. Theofsecond ---1 mortgages in V. Total.. . . .... ... .. ... $616,095 {$5,500,000) is held by the guarantors. [Abstracts Net earnings ...... $5,042,0781 June 30d,. F.J S. & L. St. and Atch. [due liabilities Deferred 49, p. 302.l 414,312 J3alance,surplu s applic· Miscellaneous mvest . 1894, $16,579.734. Interest on guaranteed 4s due Jan. 1, 1894, a.n able to interest on to en brought was suit 1895, December, In paid. bonds . . . . ... . ... .. .. .. $4,840,295 since bas not been Total......... . .. .. . $5,456,390 force the Atchison guaranty of half the 4s. V. 61, p. 1106. Expert Little's report as to earnings on Atchison proper, 6,720 miles, PURCHASE FROM So. PAc.-In 1884 the Southern Pacific sold the 242. shows (see V. 59, p. 877)$71 271, T'l income. miles of road from Mojave to-The Needles, to this company for Olhe1· inc. Net. Gross. Year. said 242 $8,250,967 100, payable in Apr., 1905,in A. & P. first mort. bonds, issued onclear $557,980 $7,692,887 1893-~4 .. . .... .. . $30,425,903 title Until cash. in $1,211,850 and $6,059,250, of amount to 12,271,130 miles 483,229 11,787,902 1892-93 .. ···· · ··· 37,052,354 to this piece of road is given, the Atlantic o. Pacific has possession andi OFFICERS.-Ele cted in November, 1895: President, E. P. Ripley; pays 6 per cent per annum on the $7,271,100. The same negotiation Vice-President, D. B. Robin son; ',econd Vice•President, ..... . . . . . .. .. ; gave a right to run through trains to San Francisco over the Southern Third Vice·Pres., Paul Morton; Secretary and Treasurer, E. Wilder. and Central Pacific line_s either on a mileage basis or at 3 per cent per DIRECTORS.-(~ lected in December, 1895): Aldace F. Walker {Chair- annum on $40,000 per mile. See V. 39, p. 208; V. 40, p. 50. Court au Cheney, P. Benjamin erwind, B J. thorized payment of r ent al due May 1, 1895, {$218,000), to Southern man) ; Edward P. Ripley, Edward H. Rieman Duval, Thomas P . Fowler, Edward N. Gibbs, Charles s. Pacitic. See V. 60, p. 747. Victor Holliday, K. Cyrus Hayes, Gleed, George G. Haven, R. Somers LAND GRANT.-The grant claimed under the old A. & P. charter of July M.orawetz, George A . Nickerson, Thomas A. Osborn, William Rotch. 1866, is 25,600 acres per mile in Territories and 12,800 acres in States OFFICES.-The headquarters of Chairman Aldace F. Walker, Comp· On the Western Division the company has earned under its grant 20, 1894, troller John P. Whitehead, As11istant Secretary L. C. Deming and 295,296 acres of land, 5,309.,?83 of which were sold to June 30, publish Assistant Treasurer George C. Goodwin are at 59 Cedar St., New York. leaving 14,985,613 acres unaisposed of. Map of land grant wasexceeded cancellations and 468. Expenses INDEX.-V. 60, p.42, 130,258,301,3 91,479,561, 605, 655, 685,710, ed in CHRONICLE, V. 36, p.by $39,377. 794, 872, 927, 9ti7, 1007, 1057, 1103; v. 61, p. 68, 111, 151, 195, 280, receipts for year 1893-94 l,1106; ....... Gross, $1,541,439; net, $123,38 1895 { ,966,1012,lU6 months, 3,829,870,924 EARNINGS.-5 il0,703,749,79 365,516,557,t 51894 .. ..... Gross, 1,338,138; net, 255,52 July 1 to Nov. 30. V.62,p.39,84, 137. FINANCES.-Ne t floating debt April 30, 1894, was given as $589,506 A.tchlson Topeka & Santa Fe Kailroad.and to he provided for rolling stock and locomotives purchased HISTORY.-This company;s property was sold in foreclo sure Dec. 10 $1,048,126. 1895, and is now owned by the Railway Company above. EARNINGS.-St atemeut ror year ending June 30, 1895, was in v. 61 REORGANIZAT ION.-Joint Executive Committee.-Th is is the commit• showing {on 943 miles) gross, $3,508,238; net, $379,791; tee which is carrying through the reorganization plan,descrHted in V. p. 1061, income, $24,227. Rentals, interest on receivers' notes and dis 60, p . 658, 665. The committee consistfil of Edward King, Chairman; other Deficit for year {exclusive of bond interest a nd in $512,940, counts, Edward l'I. Gibbs, Vice•Chairman; R. Soru ers Hayes, G. G. Haven, terest on inrtebtedness to Atchison Topeka & Santa Fe Rail Adrian Iselin, Jr., C. Sligo de Pothonier, Robert Fleming, John Luden way Co.), $108,922. and Victor Morawetz. Herman Kobbe is Secretary; office, 32 Nassau In year 1893-94 gross earnin~s were $3,137,730, against $3,561,045Street. (V. 59, p. 878.) in 1892·93; net, $174,735, against $478,106. Fixed charges: Taxes, Old securities are treated as follows: interest on guar. 4s, $751,760; int. on 2d mort., $330,000; $125,000; for:----. exchanged are Paid ,--And and tracks, $56,264; Pref'd Ooinmon rental of Mojave Division, $436,266; rentals of cars of .Assess• General Adjust$1,161,450; inter $1?13,522, against deficit in 1892-93 deficit, total stock. stock. 4s. ment. mo1·t. 4s. ment Old securities. $766,843. (V. Fran. San & L. St. and Atch. . . . . . . . . . . ..... . est on unfundea debt due General mortgage 4s.... . . . . . . . 75 p. c. 40 p. c. 60, p. 479, 561, 710, 747; V. 61, p. 111,280, 516, 660, 829, 870, 924 . . ..... . c. p. 113 84.) . p . . . . H)61, 1106, 1153; V. 62, Se;<>°~~s ~frf~:!~. .~:. ~~~} 4 p. c. . . . . . . . . . . . A.tckl8on System-Cerr DJos Coal KR.-Owns 26,000 acres o Second mortgage B . ... .. 4 p. c. . .... . . . . ...... . 118 p. c. . ...... . 10 p. c. 100 p. c coal lands at Cerrillos, New Mexico. Control acquired by Atchison in Old common stock . ...... 10 p. c. .... . .. . ...... .. auxiliary properties-St. Louis & San. Francisco, etc. Common stock authorized, $102,000,000; par, $100. . NEW BoNDS.-The new general m01·tgage is for 100.year 4 per ce:Q.t gold bonds [bearing interest from Oct. 1, 1895,] as follows: $96,990, 582 to ta:\rn up at once the old general 4s; $15,500,000 to retire at or before maturity the guarantee fund notes and equipment bonds , at $1,250 for each $1,000 of old bonds; $1,500,000 reserved for old uncon· verted bonds; $1,500,000 for Chicago & St. Louis first 6s; $30,000,00Q for capital improvements to an amount not exceeding $3,000,000 in any one year and$20,000,000 , if reqmred, for acquisition of St. Louis & San Francisco and other auxiliary properties. The .Adjustment bonds are lOO•year 4 per cents, interest payable only out of net earnings, are non•cumulati ve till July 1, 1900, and cumulative thereafter. Present issue is limited to $51,728,::no, but when the gen· eral 4s authorized for improvements as above, have been !!;sued {i. e., not before June 30, 1905), additional adjustment 4s may be issued for the same purposes to the amount of $20,000,000, at not exceeding $2,000,000 in any one year, but only by a majority vote of the adjustment bondholders. The prior lien 30•year 4 per cent gold bonds, by the reorganization plan, may pe issued, if deemed advisable, and be 11ecured by a lien prior to the general mortgage. They will be redeemable by lot on anr coupon day at 103 per cent. In case it shall not be found advisable to issue all or any of the $15,500,000 of new general mortgage bonds reserved as hereinbefore provided, to take up or pay the existing guarantee fund notes, equipment bonds and car trust obligations, there may be issued for said purposes $1,000 par value of prior lien bonds for any $1,000 of such securities, instead of $1,250 of the new general mortgage bonds reserved for that purpose as above provided. Additional prior Lien bonds to an amount not ex ceeding in the a ggregate $5,000,000 may be i ssued at any time within five years from the tormation of the new corporation for improvements, etc. { 1895 .. Gross, $12,765,202; net, $2,865,595 LATEST EARNINGS.5 mos., July 1 to Nov. 30. 51894 .. Gross, 12,503,989; net, 3,268,095 ANNUAL STATEMENT.-E arnings for the year 1894-95 on the Atchison :proper (6,48112 miles) were $:l8 1875,300, against $31,545,676 m 1894. Statement for 1894·95 was m V. 61, p. 1061, showing results as follow s: The annual fixed interest charge of the new company is $4,528,547; against $9,536,083 for the old company. YEAR ENDING JUNE 30, 1895. Gross earnings .. . .. . . . $28,875,300 I Rentals paid... . ... . . .. . $533,467 82,628 . . 23,833,222 Discount on Mex. cur.. taxes Oper. exp. and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ---1 RAILROAD JA.NUA.RY', 1896,J 11 STOOKS AND BONDS. Subscribers -will confer a great Cavor by giving hn1nediate notice oC any error discovered in these Tables. Bonds-PrinotINTEREST OR DIVIDENDS. RAILROADS. pal, When Due. Miles Date Size, or Amount Stocks-Last Par of of by and Payable Where When . r,er Rate Outstanding notes see &c., For explanation of column headings, Dividend. Whom. Cen . Payable Road. Bonds Value. on first page of tables. , - - - ---- A.tchison System-Oolorado Midland - 1st morti,;a{e, ($25,000 per mile) gold ........... c" Consol. M. or $6,000,000, gd., guar p.&i. (end.) c· Equipment bonds, s. f., drawn at 105, gold ..... c* Equip. bonds, B., dr'n at 105 after 1894, gold ... c. Aspen Short Line, 1st M., gold, interest as rental. Busk Tunnel R'y 1st M., gold, guar., red. at 105.c* .Atchison System-St. L. K. 0. cf: Ool.-lst mort ... .. Atchison System-St. Louis & San Francisco2d mort. (now 1st), A, gold} (Pacific to Seneoo,c* Series B, gold...... Mo.,& branches, c* do c• 294 miles. Series C, gold...... do Mo.&West.RR.lstM.,f',$5,000yearlydr.atl05.c* St. L. & SanF. col. trus ~old, sink. fd.notdrawn.c* Gen. M., g. (lat on 36 m.) $7,807,000 are 6s.c* Collat. Tr. M. on br'ches ($20,000 p. m.),gold .. c* Cons.M. $50.000,000,gold,guar.p.&i.by At.c*&r St.L.Wicn. &W. lst M.,red.at105, .,~uar.p.&i.c* red. atll , mt. guar.. c" Kan. C. & S. W. 1st M., Bt. L. Kan. & 8. W . 1st ., g., guar., red. at 110.c St. L. Salem&A.lstM.,g., guar.p.&i.,red. at105.c* Ka.n.Mid. lstM.,gold,$15,000p. m., guar. p.&i. .c Ft. 8. &V.B.Bridie lstM.,g.,dr.at 105,guar.p.&i.c* A.tchison System- outhern California-Pref. stock. A.tlanta ~ Oharlotte-Stock (see text) .. ... ... ..... ... Preferred mortgage, subject to call at 100 . . . .. c* lstM.[carriesvotingpower lOvotesforea. bond]r Income bonds (not cumulative), guaranteed . ... r \i: 3 240 267 -··· . ··1 .... . ... 1886 $1,000 1,000 1890 1,000 1888 1,000 1890 1889 1890 .... i:ooo ····-· 1876 lOO&c. 1876 500 &c. 1876 500 &c. 1,000 1879 1,000 1880 1,000 1881 1,000 1887 1890 lOO&c. 1,000 1879 1,000 1886 1,000 1886 1,000 1886 1,000 1887 1,000 1885 100 49i .... 100 269 1,000 26512 i877 1,000 26512 1877 500 .... 1880 294 294 294 82 103 964 55 1327 145 62 70 54 107 $6,250,000 4,886,000 250,000 177,000 108,000 1,250,000 1,381,000J 6 4 7 6 8 7 6 g. g. g. g. g. g. 6 g. 500,000 6 g. 2,766,500 6 g. 2,400,000 6 g. 1,040,000 6g 1,014,000 20,100,000 5 & 6g. 5 g. 1,099,000 4 g. See text. 6 g. 2,000,000 6 g. 744,000 6 g. 890,000 5 g. 810,000 4 g. 1,608,000 352,000 6 g. See text. 1,700,000 se·e·teit. 500,000 7 4,250,000 7 750,000 6 J. & F. & M.& J. & J. & J. & D. A. S. J. J. J. ----· Dec.'93, coupon last pd. Aug.,'93,coup.last paid. Sept..'95, p<l. when due. J an., '96, pd. when due. Jan., '96, pd. when due. Jan., '96, pd. when due. ····------ June Feb. Mch. Jan. 1, 1, 1, 1, Juiy · 1; .i935 ........... M.&N. May, '95, paid Sept., '95 M.&N. May, '95, paid Sept., '95 M.&N. May, '95, paid Sept., '95 F. & A. Feb., '96, pd.when due. F. & A. Feb.,'96, pd. when due. J. & J. July, '95,pd. Dec. 2, '95 A. & O. Apr., '95, pd. Oct. 1,'95 A. & 0. Oct,' 93 coup. last paid. M.& 8. E:;ept., '95, pd. when due J. & J. Jan., '94, coup. last paid M.& 8. Mch., '94, coup. last pd. J. & D. Dec., '93, co11p. last paid J. & D. Dec., '93, coup. last paid A. & 0. Oct., '95, pd. when due Nov. 1, Nov. 1, Nov. 1, Aug. 1, Aug. 1, July 1, Oct. 1, Oct. 1, Sept. 1, Jan. 1, Sept. 1, Dec. 1, June 1, Apr. 1, M:·&·· 8. Sept: Apr. 1, Jan. 1, Anr. 1, A. & 0. J. & J. A. & 0. N.Y.Cent.Tr.Co.,54Wall do do do do do do 1936 1940 1898 1900 1906 1906 1906 1919 1920 1931 1987 1990 1919 1916 1916 1936 1937 1910 i895 6; ·1897 1907 1900 January, 1892, and above bonds guaranteed. The sinking fund iE'I to I REORGANIZATION.-The Atchison plan does not provide directly for retire the entire issue by maturity. See V. 55, p. 983; V. 61, p. 1153. I the auxiliary companies, but reserves the right to increase the general Atchison svste1n.-Chlcago Santa Fe & California.- mortgage bonds and the_prefe~red sto~k by $20?000,000 each in the Extends from Corwith near Chicago, Ill., to Big Blue near Kansas.City, even~ ~f these companies bemg acqmred OJ?. satisfactory terms. (Se~ with branches, 498 miles in all, of which 8 miles leased. Tracka"'e d_etails m V. 60, p. 661.) In January, 1896, it was expected a propos1• into Chicago and Kansas City 17 miles. Atchison owns all the stock, t1on would s~ortly be made to_ security hol~ers. Decree of foreclosure and of the $15,350,000 1st mortgage 5s of 1937 all but $629,000 are under conso~id~ted m(!rtgage 1~ expected m February. 1896. As to deposited in trust under the Atchison mortgages, the $629,000 being bonctholders smts agamst Atchison, see V. 61, p. 1012, 1063. COUPONS.-Interest was paid at office of the Receivers, Equitabl still in the hands of the public. In December, 1895, foreclo sure suit Building., N. Y., except collateral trust 6s of 1880 at United State was brought by the first mortgage trustee. and collateral trust 5slof 1887 at Union Trust Co., N. Y., as follows: Trust bonds outstanding on 1895, July, due COUPON p AYMENTs.-Coupon When paid. Last coupon paid. Loan($629,000) were paid in October, 1895, but theJorderrequiring paymtnt Sept., 1895 Series A., B. & C. bonds.. .......... .. .. May, 1895 of future coupons was rescinded. ·V. 61, p. 610,703. At maturity. There are also $1,500,000 Chica~ & St. Louis 6s outstanding Missouri & Western 6s. . ........ . ....... Feb., 1896 At maturity. -see Atchison-and $733,000 Pekin vivision 6s in trust. For year Collateral trust 6s of 1880..... . ....... Feb., 1896 Dec. 2, 1895 1891·92 gross earnings were $6,105,100; net, $1,331,872; interest, General mortga~e 5s & ds... .. . . . ... ... July, 1895 Oct. 1, 1895 $901,480; improvements, $109,962; balance, surplus, $320,430. In Collateral trust os of 1887............. Apr., 1895 Not paid. Con-ol. mortgage 4s of 1890. . .. . .. ... Apr., 1894 1890·91 gross, $5,218,691; net, $742,137. (V. 61, p. 610, 703, 1063.) At maturity. Atchison Syste1n.-Colorado llildland RR,-Owns from St. Louis ~ichita & Western 6s........ t;ept., 1895 1, 1894 Jan. 1894 Jan., ... . Colorado Springs to New Castle, Col., 234 miles; Aspen branch, · Kansas.City & Southwestern 6s .... ~894 Mch., 18 miles; Jerome Park branch, 15 miles; leases New Castle to Rifle St. Lo~s Kansas & Southwestern 6s ... Mch., 1894 Not pa!d. Creek, 14m.; Rio Grande Junction RR., Rifle Creek, Col., to GrandJunc• St. Loms S_alem & Arkansas 6s. . .....•• June, 1894 { Not paid. tton. on the Denver & Rio Grande, 62 m. other, 7 :n.; total, 350 m. Kans~s Midland 4s ........ :..... ... .... June, 1894 ~ At maturity Fort Scott & Van Buren Bridge 6s . . ... Oct., 1895 Busk Tunnel, from Busk to Ivanhoe, was completed in Dec., 1893. CAPITAL STOCK.-Common, $35,500,000; preferred,$10,000,000; 1st HISTORY AND STOCK.-Completed Oct.15, 1888, and in October, 1890. Atchison purchased entire capital stock of $8,000,000. v. 51, p. 608, pref., $4,500,0?0. Atchison owns $11,710,200 common, $9,985,300 RECEIVERSHIP, ETc.-Receiver is George W. Ristine. Consolidated preferred a nd $ 4 ,496 ,00~ first preferred. BONDS.-Of ~he consolidated mortgag_e see full abstract in V. 54, p. mort. interest due Feb. 1, 1894, and interest on first mortgage due June 1, 1894, was not paid. Foreclosure and reorgauization independ- 244. On July .J.1 1895, consols outstanding were $11,49'1,800; demand ent of the Atchison are under consideration. Foreclosure suits under l<;>ans due Atchison $1,669,472, secured by $!,352,300 consols (addi· .first and the consol mortgages have been consolidated and are still t10nal), and by $158,000 St. L. K. C. & 8. W. 6s. N. Y. Stock Exchange in January, 1896, reported $14,294,500 consols outstanding. pending. v. 61, p. 5°57. EARNINGS.-5months, 51895 .. Gross, $2,741,388; net, $1,158,840. BONDHOLDERS' COMMITTEE.-For Colorado Midland.first and consnl. July 1 to Nov. 30. { 1894 .. Gross, 2,811,622; net, 1,301,726. Charles Olcott, P. F. Sloane, D. W. Rathbone, 4s, George Mosle, W. G. REVISED EARNINGS.-The report of Mr. Stephen Little, issued in NoAyer, James N. Jarvie; depositary, Central Trust Co., N. Y. Oscar Bunke, Secretary, 41 Wall Street, New York. In Dec., 1895, $5,856, vember, 1894, gave earnings for the years ending June 30 (on 1,327 000 firsts (out of $6,250,000) and $3,955,000 consols (out of $4,886,- miles) as follows. (See V. 5-9, p. 877.) Bal. over taxes, Bal. after Yet Gross Years end. 000) had been deposited. (See V. 60, p. 1143 ; V. 1, p. 557.) flxe.d charges. rentals, etc. earnings. earnings. June 30COUPONS.-The coupons have been paid as follows : def.$599,662 $1,671,995 $2,221,538 Whr.n Paid. 1893·94 ....... $6,186,667 Coupons. Loansur. 1:15,424 2,383,812 3,117,213 In default. 1892-93 ....... 7,635,136 First mortgage 6s.. ... ........ ... ....... Feb. 1, 1894 1 1 94 In default. F:oating debt (net), April 30, 1894, $487,752. Consol mortgage 4s. · ··· ········ ······· · June , 8 . Sept., 1895 Equipment 7s of 1888.. . ....... . ...... Sept. 1, 1895 ANNUAL REPORT.-F1sca~ year ends June 30. Statement for 1894-95 Jan. 1, 1896 Equipment B 6s of 1890................ Jan. 1, 1896 Jan. 1, 1896 was in V. 6~, p. 1061, showmg gro_ss $6,081,425 on 1,328 miles, against Aspen Short Lme 8s.. .. . . .. . . .. . .. .. . .. Jan. 1, 1896 · J a,_n.1, 1896 $6,178,736 m 1893-94 on 1,328 miles. Busk Tunnel 7s. . .................... Jan. 1, 1896 Gross earnings ......... $6.081,4251 Rentals................. $188,727 Coupons are paid at Central Trust Co., New York. BONDS.-Abstract of first mortgage in v. 45, p. 540, and of consol. Oper. exp. anu taxes . .. 3,751,932 Intere~t a~d discount 58,515 (re~eivers notes, etc.I ----mortgage in V. 51, p. 572. Central Trust Company is trustee of both. Net earning.s .· ···;·· ·· $2,329,493 I Wichita & Western Ry. The console are guaranteed by: Atchison. Both issues of equipment 62,821 (loss on)............... 9,733 bonds are redeemable by sinking funds at 105, and ar9 to be paid at Income from mvest ts.. 143,088 Sink. funds and lands.. . maturity at same rate. The Buslc Tunnel mortgage is for $1,500,000. Total mcome ...... •.. $2,339,226 Due Atchison July 1, 1895, $1,621,012. 4 53,l5l $ . were gross miles, 350 on 1895, 30, June ending EARNINGS.-For year Surplus, exclusive of interest on bonds and Atch. debt .. $1,886,075 :$1,592,4.57; net, $248,341. Rentals and intereet on floating debt, NoTE.-Interest on indebtedness to Atchison is $87,089 and interest $52,862. Mr. Stephen Little's report (issued in Nov., '94,) ror the years .ending June 30 (on 350 miles) showed earnings as follows (V. 59. p. 877): on funded debt, including leased lines' bonds, is $2,410,578, making of $2,497,668, and taking same into account there would be a tatal Interest Ba.lance, Under taxes Net Yea.rs ending Gross deficit from operations for year ending June ao, 1895, of $611,593. deficU. June 30- earnings. earnings. & improv'ts. charges. p. 4~, 391, 523, 1007, 1103; V. 61, p. 67. l 51,470,516, 557, 60, 1893•94 .....• $t,463,256 $1~1,667 def $47,567 $600,L86 $6i7,753 -(V. 1892-93 ...... 2,140,006 341,629 def. 13,557- 595,023 608,580 66r, 703, 829,965, 1012, 1061, 1063; V. 62, p. 84,137.1 $183,358. as given was 1894, 30, Floating debt (net) on April Atlanta & Charlotte Air Line Ry.-(See Map Southern Rail-(V. 58, p. 81. 222; V. 59, p. 1006, 1057, rro4; V. 60, p. 431, 536,747, way System.J-Owns Charlotte, N. C., to Atlanta, Ga., 269 miles. 794,872, 1143; V. 61, p. 195,557,870; V. 62, p. 39, 131i.) Belongs to Southern Railway system. Atchison Syste1n-St. Louis Kansas City & ColoradoUnder 'ferminal Reorganization plan the bonds of Atlanta & Charlotte St. Louis, Mo., to Union, Mo., and branch, 57 miles; trackage (on were left undisturbed, but it was suggested that the rental might ha,e Wabash) to Union Depot, St. Louis, 419 miles. Controlled by St. Louis to be modified so that stock should receive smaller dividends until the & San Francisco by ownership of stock. On June 30, 1894, the in- 7 per cent bonds can be refunded <at maturity) at a lower rate of in-d.ebtedness was as follows: Stock, $1,600,000 ·; bonds, $1,381,000; terest. See V. 58, p. 385; also Southern Ry. mortgage, V. 59, p. 787. -other indebtedness, $2,322,549. Southern Ry. consol. 5s for $1,700,000 can be m1ed only to acquire it EARNINGS .-For ~ear ending June 30, 1894, gross, $77,646; 0J1era- deemed necessary a like amount of this company's !'!tock. ting expenses, $170,047; interest on bonds, $82,860; other interest, DIVIDENDS have been--:-From.188~ to 1889, inclusive, 5 per cent yearly .$106,2t:i8 ; taxes, $ -3 ,424; balance, deficit, $284,973. in 1890, 512; in 1891, 6; m 1892, 6; m 1893, 6 p. c.; 1894, 6 p. c.; in 1895 Atchison Syste1n.-St. Louis & San Francisco Ry.- Mar., 3 p. c.; Sept., 3 p. c. (V. 60, p. 561.) •Owns St. Louis. Mo., to Seneca, 326 m.; Pierce City to Wichita, Atlanta Knoxville & Northern llly.-ROAD.-Owns road Kan., 217 miles; Monett, Mo., to Paris, Tex., 303 miles; branches, 199 .• to Marietta, Ga., miles; total owned June 30, 1895, 1,046 miles. Leases 282 miles, and completed in Au~ust, 1890, from Knoxville, Tenn & Atlantic Railroad' half owns the Atlantic & Pacitl.c, 947 miles; Wichita & Western, 125 217 miles; branch, 7 miles: trackage, Western 244 miles. operated, total miles; 20 Ga., Atlanta, to Ga., Marietta, miles; total (counting one-half of mileage half owned), 1,864 miles. HISTORY.-A reorganization in January, 1896, of the Marietta & RECEIVERSHIP.-Receivers are J. J. McCook and A. F. Walker. was purchased at foreclosure sale Nov. 25, 1895. In January, 1896, the receivers were ordered by the Court to retain North Georgia, which Charles F. Kimball, of Summit, N. J., is largely in the system the leased lineA known as the St. Louis Salem & Arkan- -8ee V. 62, p. 85.company. Capital stock is $6,000,000. the in interested Kansas and Midland Kansas sas, St. Louis Kansas & Southwestern, BONDS.-The first mortgage bonds are limited to $8,000 per mile of -City & Southwestern. See V. 62, p.· 137; V. 59, p. l 10:3, 1057. Hart, T. William main line completed and $10,000 per mile hereafter constructed. The Consol. Protective Comrnittee, formed in Jan., 1896: E. Pierson Beebe, William Minot, David P. Kimball and Samuel C. mortgage is for $2,000,000, of which $500,00v is reserved J'or con• Eastman. Depositary, American Loan & Trust Ou., Boston. v. 62, p. 84 struction and equipment of Atlanta extension (20 miles); $.300,000 for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I INVESTORS' SUPPLEMENT.' !VOL, l XU. Subscribers will confer a great favor by· giving Immediate notice of any t>rror dlseovered In these Tables. RAILROADS. Miles Date Size, or Amount INTEREST OR DIVIDENDS. Bonds-Prmci- - - - - - - - - - - - - - - - - - pal,When Due. For explanation of column headings, &c., see notes Rooafd. Boonfds Vpalaure. Outstanding Rate per When Where Payable, and by Sto~k[!-Ll!il!lt on first page of tables. Cent. Atlanta d! Florida-See Southern Rail way. AtlantaKnox.&North.Ry.-lst M., $2,000,000, gold 2d mortgage, $500,000, g-old ..................... . Income bonds, non-cumulative, gold ............ . Atlanta d! West Point-Stock ..... ..•..•••....•...•... Debenture certificates ............................ . Atlantic Oity-lstM.,g., gu. p.&J. (end.) byP.&R.c* Atlantic Ooast Line Oo.-Stock, $10,000,000 ...... . Atlantic d! Danville-lat mort., $1,500,000, gold... c Atlantic d! North Oarolina-lst mortgage ......... . Atlantic d! St. Lawrence-Stock, 6% rental Grand Tr'k Atlantic Tennessee & Ohio-lat mortga~e .......... . Augusta d! Savannahr-Stock 5% rental uentral Ga .. •.Augusta Southern-New first mort., $400,000, g .. c Austin d! Northwestern-1st mort.g., gu. p . &i .. c*&r Bald Eagle Valley-1st mort. (s. f., drawn at 100) .. r Baltimore d! A nnap. S.L.-Stock ($500,000 is pfd) ... . 1st M. (4 p. c. aft. Jan. 1, '97) g .................. . Baltimore Chesapeake & .A.tlan.-lst mort., gold .. c* Baltimore & Lehigh Ry.-Mort., $250,000; no bonds lJattimore d! Ohio-Stock (see remarks) ............ . 1st and 2d pref. stock, cum. i $3,000,000 is 1st pref Loan due in 1880. extendea, payable at will. •.... Loan, 1853, extended in 1885, gold ............. . Mortgage 1872, smk. fund £12,000 semi-annually Mortgage 1874, sink. fund £9,000 s~mi-annually. Bond to City Baltimore (payable $40,000 yearly). . Consolidated mortgage (for $29,600,000) gold.c* Loan, 1877 (s. f. dr'n at 100) (B.& O.&Ch. bds.col'l)c N. W. Virginia RR. liJt M. (ext. in 1888) assum.c?. B. & O. loan 1879 (Parkersb'g Br. bonds collat.) 5 Mort. on Phlla.Br.. with Balt. & Phila. bds.as col.c Wash C.& P.L. (Alex.Br.) 1st M.g.s.f.$36,000 p.an .... . ... 1896 1896 1896 . 86 issi ·s:i 1889 283 53 85 103 90 ·2s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I .U. Whom. DiV1deu<1, 379 104{ 108 12 5 g. 5 g. 5 .. ... .. ... ..... See text. J. & J. Atiania; Ga. 6 J. & J. Atlanta, Ga. 5 g. M. & N. Phila., Read. Ter. Bldg. Text. Baltimore. 5 g. J. & J. . ........ . 6 J. <li J. Balt.,Nl.F'rm'rs'&P.Bk 6 per an. M. & S. London and Portland. 6 A. & O. N.Y., J.P.Morgau&Co. 5 J. & J. Bee text. 5 g. J. & D. . ........ . 5 g. J. & J. N. Y., Cent. Trust Co. F. & A. Phila.,F.Ins.Tr.&S.Dep. 6 $1,2::Ji,200 (1. 1,232,200 Co's option. 2,200,QOO May 1. 1919 10,000,000 Oct. 10, 1895 is95 1,300,000 1950 1887 325,000 July 1, 1917 £&$100 5,484,000 Sept., 1895 iss3 150,000 Apr., 1913 1,032,200 Jan. 15, 1896 is94 1,000 400,000 Dec. 1, 1924 1891 1,000 1,920,000 July 1, 1941 1,000 1880 344,000 Jan. 1, 1910 900,000 .34.g. J ...&..J. See text. Jan: ..i,' 1944 i894 500,000 1894, 1,250,000 5 g. M. & R. NewYork,22WilliamSt. Sept. 1, 1934 250,000 6 ..... 100 25,000,000 See text. M. & N. Balt. Office, Cent. Bldg, Nov.'i5: 1894 100 5,000,000 6 1,er an. J. & J. do do Jan. 2, 1896 is5s 509 &c. 361,500 4 J. & J. do do Atwill. 1853 500 &c. 1,709,500 4 g. A. & 0. do do Oct. 1, 1935 £100 1872 9,301,512 6 g. M. & S. Lond'n,BaringBros&Co 1 Mch. 1, 1902 £200 1874 6 g. M. & N. London,J.S.Morgan&Co May, 1910 9,634,504 1875 200,000 6 J . & J. Baltimore, Office. July, '96·1900 1887 1,000 11,988,000 5 g. F. & A. N. Y., Union Trust Co. Feb. 1, 1988 1877 £200 5 g. J. & D. London,J.B.Morgan&Co June 1, l!:t27 6,768,312 6 J. & J. Baltimore, B. & 0. RR. Mch. 1, 1902 1855 $1,000 140,000 3,000,000 6 A. & 0. N.Y.,J.P.M.&Co.;Balt. Apr. 1, 1919 1879 1883 11,616,000 41g g. A. & O. London, Brown, B. & Co. Apr. 1, 1933 1,000 1873 6 g. J. & D. Baltimore, Office. June 1 1913 540,000 i:ooo 89 379 421 421 379 511 263 ·$ioo i:ooo ·$ioo i5o 44 .... (1) (t) ("I) 1,000 1,000 I 1ggg l terminals at Atlanta and Knoxville; $200,000 for improvemf>nts and contingencies. Second mortgage bonds (sold to Marietta & Nortb Georgia lJ011dholders) $500,000 gold 5s. Income bonds, non•cumula• ti ve gold 5s, $4,200,000. Atlanta & west Point KK.-Owns from Atlanta, Ga., to west Point, l¼a., 86:lg miles. In April, 1881, control was acquired by the Central RR. of Georgia through lease of the Georgia Railroad, etc. DIVIDENDS begun in 1855 were for many years 8 per cent per annum. From Jan. 1 1884 to July 1895 6 per cent yearly. • ' ' • ' EARNINGS.-5 months,?. 189:-,. • • ... • ... Gross,$234,061: net, $98,321 July 1 to Nov. 30. 51894 ..· ........ Gross, 216,324, net, 94,7 4 7 ANNUAL REPORT.-Fiscal yeu ends June 30. Earnings have been1894-5, gross, $474,022; net, $197,008; 1893-4, gross, $483,340; net, $1~1,19~. For 1892-93, gross, $446,732; net, $131,174; interest on bonds, $73,932 ; dlvidends paid, $73,932. Atlantic City Ky.-CamdentoAtlanticCity,57m.; with branches, &c., .,f 25 m. The Brigantine Beach road, 15 m., was formerly operated, but surrendered in Aug.,'95. Consolidation in 1889. Controlled by Philadelphia & Reading RR. STOCK, common, $1,200,000; preferred, $1,000,000; (par, $50), of which $1,198,600 common and $952,300 preferred owned by Phila. & Reading, and deposited as part security for their collateral 5s of 1892. DIVIDENDS on preferred: In 1891 about 3 p. c.; in 1892 about 7·8 p. c.; in 1893 about 8·3 p. c. Trustee of mortgage, (:harantee Trust & ~afe Dep. Co. of Phil. ln year ending June 30, 1895, g-ross $842,364; net,!$301,879; charges, $140,672; balance, surplus, $161,207. In 1893-94 gross, $783,620; net, $:.?17,178. Atlantic Coast Liue Co.-This company owns a majority of tile capital stock and a large amonnt of the bonds in a series or railroad companies denominated for convenience the Atlantic Coast Line Sys• tern. Tile sy~tem includes abont 1,552 miles as follows. Oovnpany-'!TSeethis <Jo. Miles; Company. .JJ.iles. Riehm. Fredkh. & PotomaciT.. 86 N oriolk & Carolma 'IT .••••.•..•• 110 Wilmington & Weldon ,T ........ 510 Northeastern, 8. C.,T ........... . 102 Wilmington ColumbJa & Aug.1]'1921 P~tersburg ir ..................... 61 Central South Carolma ,T ....... 40 I R10hmond & Petersburg 'IT .•.•• 28 Cheraw & Darlington .......... 110 I Wilmington & Conway ......... 50 Florence RR .................... 4i !:lo. & No. Carolina, etc ......... 72 Manchester & Augusta iT ....... 149 iT See this company. STOCK, ETc.-Paid-up capital stock, $10,000,000; no preferred stock, no tunded debt and Oct. 1, UHl5, ·• no debt of any kind." Tht first dividend was l½l p. c. declared payable Oct. 10, 1895. GUARANTY.-In December, 1895, the A. C. L. Co. agreed to guarantee Manchester & Auxusta firsts, principal and interest.-V. 61, p. 1065. Atlantic & Danville Ky.-Completed Feb., 1890, West Norfolk, to Danville, Va., 204 miles, and James River Junction to Claremont (3 feet gauge) 51 miles; branches, 28 miles; trackage, 2 miles; total, 285 miles, of which 56 miles 3 foot gauge. HrsTORY.-Successor to tbe Atlantic & Danville Railroad, sold in foreclosure .April 3, 1894, bondholders paying an assessment of 25 p. c. and receiving 25 p. c. in new bonds therefor. See plan V. 58, p. 815 · STocn:.-Common, $9-,500,000; non-cum. 5 per cent pref. $3,200,000. Issued to June 30, 1895, commo11, $2,180,800; preferred, $3,099,200. BONDS.-The first mortgage is for $1,500,000 and covers the road and equipment. The old car trusts and floating debt were paid off. Mercantile Trust Co. is mortgage trustee. LATEST EARNINGS.-4 months, l 1895, gross, $194,897; net, $43,612 July 1 to October 31. S1894, gross, 174,655; net, 23,185 ANNUAL REPORT.-Report for year endlng June 30, 1895, was in V. 62, p. 136, showing: Gross earnings, $538,370; net, $102,947. Interest on bonds Jan. 1 to Juo.e 30, $30,950; betterments , $190,615; balance, deficit, $1.18,618. There was received from bondholders' committee $183,621. In 1893·94 gross, $486,779; .deficit under operating, $14,224; President, B. Newgass. (V. 61, p. 660; V. 62, p. 136.) Atlantic •rennessee & Ohio KK.-Owns road from Charlotte. N. c., to Statesville, N. C., 44 miles. Operated under temporary ar• rangement by Southern Railway Co. STOCK.-$400,000; par $50. Augusta & Savannah KK.-Owns from Millen to Augusta, Ga. 35 miles. The shareholders in August, 1895, agreed to a new lease to the Central of Georgia, wlien reorganized, at 5 per cer:.t on stock. in place of 7 p. c. as formerly. In Jnly, 18H5, 3 p. c. was paid; in 1896, Jan., 21g p. c.-(V. 61,p. 111, 239.) EARNINGs.-For year ending .Tune 30, 1894, gros11, $201,R54 : nt>t $56,232. In 1892-3 gross $254,945; net, $91.688.-(V.61, p.111, 239.) AugustaSouthernKK.-OwnsfromAugustatoSander.,ville,<1a., 80 m. (standard gauge), and Sandersville & Tennille RR .. 4 miles. '£11..Augusta S(!utbern was a reo~g-anization perfected in April, 1895, of the Augusta Gibson & Sandersville. Under the new plan securities are$400,000 new first mortg-age (trustee, Central Trust Co., New 'l:'ork) 5 ver cent bonds to standard-gauge the road and retire the $60 000 prior lien bonds outstanding; new oreferred stock for $350,000 to go to A. G. & S. bondholders; and new common $100,000. EARNINGS.-For _Year ending June ::JO, 1895, gross, $53,790; net, $91; charges, $6,319; balance, deficit, $6,228. In 1~93.4 gross $68,093; net, $4,143. President, James Jackson, Augusta Ga' -(V. 60, p. 348, 561.) · ' · I Payable --- - - - ------1·-----·1---- - - - -----------1------ Austin & Northwestern KK.-Owns from Austin to Llano~ 'l'exas, 99 m.; branch, Fairland to Marble Falls, etc., 6 miles; total, 105 miles, all standard gauge. Stock authorized and outstanding $1,016,000; par $100, of which the Southern Pacilic Company owns $1,008,000. The land grant was 600,000 acres. MORT~AGE trustee A~la~tio Trust. Co. The 5 per cents are for $20,000 per J:J?-ile and have prmcipal and mterest guaranteed by the Southern Pacific Company. EARNINGS.-11 months. ~ 1895 ........ gross, $225,559; net, $74,991. Jan. 1 to Nov. 30. { 1894 ......•. gross, 230,741; net, 94,620 For year 1894 gross, $258,224; net, $L08,094. In 1893, gross, $254,986, against $304,266 in 1892; net $103,4.82, against $130,561; other income, $13,851; interest and taxes, $102,704; balance, surplus, $14,629. (V. 54, p. 1009; V. 56, p. 331.) Bald Eagle Valley RK.-Owns fron:. Vail Station, Pa., to Lockha.ven, Pa., 51 miles; branches to Sugar Camp, etc., 39 miles. Leased to Pennsylvania RR. Co. for 99 years trom December 7, 1864. Rental, 40 per cent of gross earnings. Rental in 1894 $139,291; int. and charges, net, $33,880; dividends (10 p. c.), $140,625; balance, deficit for year, $35,214. Rental in 1893 $219,174. Stock authorized. $2,000,000; outstanding, $1,535,000 (par $50), of which Pennsylvania. RR. Jan. 1, 1895, owned $706,250. Dividends are paid F.&A. Baltllllore & ·Annapolis Short Line KK.-Owns road from Baltimore to Annapolis, Md., 28 miles. Formerly Annapolis & B. S. L., sold in foreclosure in 1894. STOCIC-Common, $400,000; pret'd, $500,000. Mort,g-age is for $600,000, bonds for $100,000 being reserved. January, 1895, interest was paid in July m 1894, and July, '95, interest in April, '95. Interest is payable at Safe Deposit & Trust Co. of Halt. For year ending June 30, 1895, gross earns., $76,785; net, ;t!24,322 BalttIDore Chel!lapeake & Atlantic Ky.-Owns Claiborne to Ocean City, Md., 87 miles; branch, 1 mile; total, '88 miles; from Claiborne to Baltimore, 42 miles, transfer is made by ·water. · HISTORY.A reorganization in 1894 of the Baltimore & Eastern Shore, whieh was sold Aug. 29, 1894 (V. 59, p. 371), the Maryland Steamboat Uo., Eastern Shore S. B. Co. and Choptank S. B. Co. Fifteen boats are owned. STOCKS AND BoNDS.-Preferred is $1,5Q'o ,ooo, entitled to 5 per cent; common, $1,000,000. Atlantic Trust Co., N. Y., is mortgagfl trustee. President, John E. Searles, New York. EARNINGS.-Year ending- Aug. 31, 1895: gross, $514,109; net, $129,806; other income, $685; interest charges, $62,742. (V. 59, p. 152,371; V. 60, p. 927.) BaltiIDore & Lehl~ll Kaihvay.-See SUPPLEMEN'r of Jan.1895. Baltllllore & Ohio KR.-( SeeMapJ.-ROAD.-Operates from Balti more to Philadelphia and Baltimore to Chicago, and has, via the Balti· more & Ohio 8. W., a direct route to Cincinnati and St. Louis, the total mileage _leased, owned and operatea (excluding the Balt. & Ohio South• western) being in July, 1895, 2,094 miles, ot which 773 miles are west and 1,321 miles east of the Ohio River. The "Blue Line" (see Central RR. of N. J.) enables it to reach New York, near which, on Mtaten Island, it has freight terminals. See 8. I. Rapid Transit. Also operates the Valley RR. of Virginia, 62 miles, and Fairmont Morgantown & Pittsburg. V. 57, p. 255. Controls Cleveland Terminal & Valley Ry., and is interested in the West Va. & Pittsburg (see that co.) Baltimore Belt line (tunnel line in Baltimore) was opened May 1, 1895. (V. 60, p. 258, 794.) HISTORY, LEASES, &c.-Chartered in Maryland Feb. 28, 1827, and in Virginia March 8, 1827. First section opened May 24, 1830. The Telegraph Co's. stock was sold to Western Union for $5,000,000 Western Union stock at par and a, rental of $60,000 per year for fifty years. A contract or lease made with the Chic. & N . .Pac. in Dec., 1891, gives use of ample terminals in Chicago. See Ch. & N. P. and V. 55, p. 898. A controlling interest in the stock of the Pittsburg & Western (which seel was acquired in 1891-see below. Also owns a controlling interest in the B. & 0. S. W., which see. For contract with Akron & Chica,g-o ,Junction and Baltimore Belt roads Ree V. 51, p. 344. The Baltimore & Ohio agrees to make up any deficiency in interest on $6,000,000 firsts of the Baltimore Belt. In November, 1885, an important change took place in the direct• ory, the followin.g reprAsentatives of New York and London baulring houses ,;ucceeding Baltimore men. Louis Fitzgerald, Presi.dent Mercantile '£rust Co.,N. Y.; Eugene Delano of BrownBrotllers; William A. Read of Vermilye & Co., and Howland Davis of Blake Boissevain & Co. of London. Subsequently Mr. Mayer resigned from the Presidency - .:,ee V. 61, p. 924, 1106, 1153. CAPITAL STOCK.-Preferred stock carries 6 per cent dividends only. ln Nov. 1891, ti.le stock was increased from $14,792,566 to $25,000,000 to pay a 20 per cent stock dividend, $2,161,800 for purchase of Pittsburg & \Vest. RR. stock and about $5 100.0,000 for lmprove ,uents. DIVIDEND .. i-ince '85 .. 5 '86. '87. '88-'90. '91. '92. '93. '94. On common ......... ?. 8 4 J.lilooe. 20* 334 5 412; In 1895, none. See V. 61,p. 703. (*In stock Dec. 31,1891.) BONDs.-In addition to bonds given above as outstanding the B. & 0. sinking funds held June 30, 1895, consols of 1887 to the amount of $4,865,000 (interest on which is paid in 9onsols themselves) and other first-class interest-bearing bonds to amount of $3,366,196. V. 61, p. 928. The loan of 1883 is secured by first mortgage on the road from Canton, Md., to Delaware State line, 52 miles, and by pledge of first mortgage bonds of Balt. & Phila. RR., Delaware State line to Junction nea:r Philadelphia, and Landenberg, etc., branches, 56 m. ; total, 108 miles .RAILROAD STOCKS AND BONDS. JANUARY, 1896.J 13 Sub scrlb er8 -will confer a great t'avor b y giving IJDJDedlate notice ot' any error discovered In these Table8, I I ':~r~wh~1:/b~~ RAILROADS. Miles Date ISize, or\ Amount INTEREST OR DIVIDENDS. For expl:i.nation of column headings, &c., see notes of of Par Outstauding Rate When Where Payable, and by Stocks-Last ______,_o_n first page of tables. __ _ I Road. B~ndsj Value_. Per cent. Payable Whom. Dividen<: Baltim01·e & Ohio-(Oonclud ed)- Plttsburg & Connellsville 1st mortgage...••••.... 149 1868 $1.000 $!,000,000 7 Consol. mort., gold, guar. (s. f. £7,200 pe:r yr.). 149 1876 .£200 6,567,880 6 g. B. &O. loan,'85,g. (Pitts. & Conn.bds. as col.1.c"'ocr 149 1885 $1,000 10,000,000 5 g. 1st Terminal mortgage, gold (see text) .. _..•.• o" 1894 1,000 8,500,000 412 g. Car trust loan, gold ($250,000 pd.yearly Jan. U .o 1887 1,000 250,000 4~ g. Equipment trust ($100,000 paid yearly April ll 1889 1,000 400,000 Equi~. trust, Ser.B.,$200,000 due y'rly Nov. 1.o* 1890 1,000 1,000,000 5 ic rti Sohuyl. R. East Side RR. 1st M., g. (guar.) ·10 1886 1,000 4,500,000 5 g. ~~ Monongahela River RR., 1st M., g, guar.o* 32 1889 1,000 700,000 5 g. : o I Balt. & N. Y. RR., 1st M., gold, guar ... c&r 51g 1889 1,000 350,000 5 g. ~~ Akron & Chio. June. lstm., gold,int. gu.o* 73 1890 1,000 1,500,000 5 g. · ,.::i i:i! Balt.Belt.lstM. for $6,000,000,g.,in t.gu.o* 8 1890 1,000 6,000,000 ~ 2d mortgage, $2,500,000, gold ......... . 1894 Apr.'94,none ···5 Balt. cf Ohio Southwest.-Cin. & Balt. lst mortgage. 1869 333,000 7 B. &O. 8.W. RR.,lstM., gold (guar. p. &i., end.).c* 281 1889 1,000 10,667,000 412 g. Ohio & Miss., 1st con. M., s. f. ($83,000 are 6s) .o.. -393 1868 1,000 6,468,000 6&7 2d oonsol. mort. (sink. fund), no drawing .... o* 393 1871 1,000 2,952,000 7 Bpring.Div.(Sp. & Ill. 8. E.) 1st M.($3,000,000)o * 222 1874 1,000 1,993,000 7 First general mortgage .....•...•.•..... ......• c* 1883 1,000 362,000 5 Equip. Tr.,3 series, $70,500 drn.yearly at 100. o* '87·'91 1,000 212,000 6 B. & 0 . S. W. Ry., 1st con. M., g., gu. (end.).c*&r 909 1893 l,OOO&c 9,783,000 41g g. Income mort., A & B (A, $8,750,000) ......•. c&r* 909 1893 1,000 18,750,000 5 B. & O. S. W. Term. Co. 1st M. gold, guar., p&i.o* 1892 1,000 1,200,000 5 g. BaJ,t. cf Potomac-lstM. (tun.) g., s. f.lp.c.,notdr'n.o • .i¼ 1871 1,000 1,500,000 6 g. 1st M., road,guar., gold, s. f. 1 p. o., not drawn .. o• 90 1871 1,000 3,000,000 6 g. Consolidated mortgage for $10,000,000, gold .. c* 92 1889 1.000 3,000,000 5 g. B angor cf.A.r.-lst M.$3,360,000($ 16,000 p.m.) g.ck 168 1893 1,000 2,688,000 5 g. 2d mortgage, $1,050,000 ($5,000 a mlle), gold .... See text. 5 g. 18951 ..•... Bang.& .Piscata.-Pref.M . Green Ext., "assumed." 77 1883 500 &c. 300,000 5 Bonds held by City of Bangor, $600,000 are 6s. 77 1869 1,000 925,000 6&7 i I i:ooo The consolidated mart. of 1887 (trustee, Mercantile Trust & Dep. Co.) covers the main line, Baltimore to Wheeling, and branches, 444 miles, the two Ohio River bridges, stock of the Washington branch for $1,028,· 000, and the entire issue of first mort. bonds ($5,000,000) on the road between Pittsburg and Wheelin~. The consols unissued are reserved to retire priorbonds not held by sink. funds. Mort. abstract V. 46, p. 804. The terminal mo1•tgage of June 1, 1894 (trustee, Mercantile Trust Co• of N. Y.), covers certain lands and terminal properties used bythecom· panyin Baltimore, Cumberland, Brunswick, Md., and Benwood, W. Va., and at Phila. and Pittsbur~, Pa. It is also secured by deposit there• under of certain stocks ana bonds of the Metropolitan 8011thern RR., Schuylkill River East Side RR., Washington & Western Maryland R.R. and Georgtown Barge Dock Elevator & Ry. companies, amounting to par value of $4,773,~50. The mortgage provides for a present issue of $8,500,000 gold 412 per cent bonds and an additional issue of $6,500,· 000. See abstract in V. 59, p. 71, 72. GUARANTIES.- ln addition to the bonds given in the table, the com• pany guarantees the following bonds. See statement for this co. ,r B. & O. Southwestern 1st 412s. ,r Win. & Potomac, $147,250 1st 6s. do do lst-consols. Columbus & Cin. Midland 412s. ,r ·Cleve. Term. & Valley Ry. 'II Pitts. Clev.&Tol., as to int., lst6s.,r Staten lsland R. T. 2d 5s. ,r West Va. & Pitts., asto int.,lst 5s.'IJ Valley of Va., $413,000 1st 6s. ,r GENERAL FINANCES, &c.-This company operates one of the leading trunk lines to Chicago, as well as to Cincinnati and St. Louis. In 1892 -cash dividends were resumed; in May, 1895, no dividend was paid. Special loans and bills payable were $4,019,441 July 1, 1895. For ofl. sets see CHRONICLE of Nov. 23, 1895, p. 922. In December, 1895, the new board of directors was considering means for funding the floating debt.-V. 61. p. 1153. By consolidation of the B. & 0. Southwestern and Ohio & Mississippi, Nov. 1, 1893, the B. & 0. gained a direct line to St. Louis. In October, 1895, possession was taken of the Cleveland Tt:rminal & Valley Ry. (the old Valley of Ohio), its bonds being guaranteed and its stock con· trolled. _ The loan of 1870 ($3,454,792 outstanding) was paid when due March 1, 1895, from sinking fund and is~ue of $1,888,000 consol. 5s. · EARNINGS.-6 months, 5 1895 ... gross, $12,709,233; net, $4,116,220 July 1 to Dec. 31. <1894... gross, 12,079,696 ; net, 4,025,933 ANNUAL REPORT.-Fisoa l year ends June 30. Annual meeting at Baltimore on the third Monday of November. Report for 1894·95 was given in full in V. 61, p. 922, 927. See also editorial, p. 899. December, 1895, earnings are approximated. I Year ending June 3·0 1895. 1894. 1893. G r oss earnings .••..•••.•••.•.•• . $22,817, 182 $22,502,662 $26,214,807 O perating expenses...... ...... 15,>:!01,043 15,560,689 19,041,982 ------ Net earnings ..•••..•........ $7,016,139 Add income from other sources 1,627,595 $6,941,973 1,982,858 $7,172,825 2,251,377 Totalnetincom e ••••••.....• $8,643,734 $8,924,831 $9,424,202 S et earnings Wash'n Branch.. 174,410 ~05,001 213,537 Fixed charges........ .......... 6,759,643 6,522,581 6,697,225 D ivid's on 1st and 2d pf. stock. 300,000 300,000 300,0 00 Dividends on common stock,r.. . .... •.... (212) 624,935 (212) 624,922 Pa_y ments to retire bonds....... 770,164 760,347 759,711 Leaving a balance of,r. •• • . • $639,517 $511,967 $828,807 ----- ,r From the balance for years 1893 and 1894 were paid in November, ~ach year, the common stock dividend for the six months ending June 30. In November, 1895, no dividend paid. The dividend charged to earnings is only that paid in May. ,--1895.~ ----1894.---Year end. June 30Gross. Net. Gross. Net MainStem,&o ...•..••.. $10,806,337 $4,142,107 $10,685,629 $4,107,708 Parkersburg Branch.... 731,421 167,717 753,401 175,084 Washington Branch..... 624,812 174,410 656,561 205,001 Philadelphia Division... 1,776,317 558,482 1,833,842 514,070 P ittsburg Division ...••• 3,015,727 921,141 2,602,334 709,312 Wheeling & Pitts. Div.. 633,775 81,161 489,447 def.10,019 M idland Division........ 399,910 98,004 347,300 75,732 <Jentral Ohio Division ... 1,096,602 206,833 1,069,428 166,658 Lake Erie Division...... 714,171 108,487 706,093 126,400 f:ltraitsville Division.... 123,572 def.2,015 99,623 def.12,445 Chicago Division ..••••.. 2,500,745 504,880 2,870,546 . 815,198 A kron Divi~ion........ . 393,794 54,931 388,458 69,274 T otal ...•••••••••••.•• $22,817,183 $7,016,138 $22,50 2,662 $6,941,973 -(V.59, p. 70,71, 291,696,880,9 00, 917,919, 9!21 , 1057: V.60 , p. 4 2, 258, 348, 391, 711 , 794; v. 61, p. 70, 111, 153, 473, 558, 569, 661, 703, 749 818,829,899 9 Z ~ 924, 9 Z 7 110 6, 1153.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~J· & J. Baltimore, B. & 0. RR. July, 1898 & J. Lond'n,J.8.Morg an&Co. Jan. 1, 1926 & A. N. Y., Union Trust Co. Feb. 1, 1925 & D. N. Y., Brown Bros.&Co. June 1, 1934 & J. Balt'me,Merc.T rustCo. Jan. 1, 1897 & 0. Phila.t Fin'ce Co. of Pa. Apr. 1, '96-'99 & N. ao do Nv.1,' 96·1900 & D. Phila., Solicitors' Co. Dec. 1, 1935 & A.. N. Y., Central Trust Co. Feb. 1, 1919 M. & N. N.Y.,J.P.M.&Co .;&Balt. May 1, 1939 M. & N. N. Y., Mere. Trust Co. Nov. 1, 1930 M. & N. N.Y.,BrownBro s.&Balt Nov. 1, 1S90 A.. & 0. ... .... ... A.pr. 1, 1944. J. & J. N. Y., Farmers' L. & Tr. Jan. 1, 1900 J. & J. do do Jan. 1, 1990 J. & J. do do Jan. 1, 1898 A.. & 0. do do A.pr. 1, 1911 M. & N. do do Nov. 1, 1905 J. & D. do do June 1, 1932 Various N.Y.BaringMag oun&Co 10 p. c. yearly J. & J. New Yorlr. July 1, 1993 See text See text. July 1, 2043 M. & N. N. Y.,Farmers' L. &Tr. May 1, 1942 J. & J. Balt. Office and London. July 1, 1911 A.. & O. Balt. Offi.ceandLondo n. A.pr. 1, 1911 J. & J. do Calvert St. July 1, 1929 J. & J. N. Y., Guar. Trust Co. Jan. 1, 1943 J. & J. N.Y.U.S.Mtge. &T.Co. July 1, 1945 A.. & O. Boston, Merch. Nat. Bk. Apr. 2, 1913 A.. & O. Bangor, Me. A.pr. 1, 1899 J. J. F. J. J. A.. M. J. F. ' Baltlmo r e& Ohlo So uth-west ern K y.- (SeeMapofBalt. ff Ohio) Road OwnedMiles. Road OwnedMiles Cincinnati to East St. Louis ..•. 339 Blanchester to Hillsboro ....... 22 No. Vernon to Jefferson.ville ... 53 New Albany & Eastern......... 8 Beardstown to Shawneetown . . 228 Cincinnati & Bedford .......... 11 Cincinnati to Belpre.......•.... 193 Trackage in Cincinnati..... .... 1 Marietta to Belpre.......... .... 11 . Portsmouth to Hamden ........ 55 Totaloperated June 30,1895.921 Double track and sidings 275 miles. HISTORY, ETc.-This railway co. was a consolidation on Nov.1, 1893 of the B. & 0. S. W. RR. and the Ohio & Miss. per plan in V. 56, p. 504 CAPITAL STOCK.-Stock is $30,000,000, of which $20,000,000 is 7 p. o. non•cumulative preferred. The $10,000,000 common is held by the B. & 0. and carries control. All the stock has been issued, but to January 16, 1896, only $19,262,150 preferred had been listed on the New York Stock Exchange. BONDS.-A.bstra ct of first mortgage ot 1889 (guaranteed by B. & 0.) was in V. 51, p. 245. Of the $37,500,000 ffrst consols.• also guaranteed principal and int. by B. & O., $11,000,000 are reserved to retire at ma turity the B. & 0. S. W. firsts; $1,500,000 to retire a like amount of B, cl: 0. s. W. Terminal firsts; $20,500,000 were to be issued in ex change for Ohio & Mississipvi bonds of the several issues and the pre ferred stock; and $4,500,000 will be available for improving the Ohio & Mississippi and for other purposes. The total may be increased by issue of four per cent bonds for terminals, double tracks, equipment, etc The income mortgage 5 per cent gold bonds (Farmers' Loan & T. Co. trustee) are non•cumulative . Series A. ($8,750,000) are prior to B ($10, 000,0001 for principal a,nd interest. In January, 1896, $8,651,000 series A. had been listed on N. Y. Stock Exchange; series B listed $9,655,000. Intt;rest dividend of 2 14 per cent was paid Nov. 1, 1895 on "A." incomes; this is the first payment since the consolidation. Ohio cf: Miss. general m01·tgage bonds were mostly deposited for ex• change; bonds of this and other isS'lies outstanding June 30, 1895, are given in the table above, equipment trust 6s as of Dec. 15. These is• sues were·originally as follows: 1st consols, $6,613,000; 2d consot•, $3,213,0 00; Spring. Div., $2,009,000: 0. & l\I. first general mortgaj;?e, $4,006,000; Cinn. & Bedford 5s, $135,000; New Albany & East. 51, $150,000 . For terms of exchange see Sept., 1893, SUPPLEMENT. Loans and bills payable June 30, 1895, were $322,724. EARNINGS.-4 mos., <1895 ..... gross, $2,327,288; net, $886,717. July 1 to Oct. 31. 5 1894..... gross, 2,280,252; net, 920,582. ANNUAL REPORT.-The fl.seal year ends June 30. The second annual report given in V. 61, p. 922 and !l29 covers the year ending June 30, 1895, and c1ompares as follows with the previous 12 months. l'ear end. ,;ross Net. Othe1· 1-nterest, Balance, June 30. earnings. earnings. income. taxes, cl:c. surplu1t. 1895 ..... $6,323,036 $2,305,1)31 $2,250 $2,096,125 $212,056 1894 ..... 6,260,197 2,296,195 4,818 2,016,583 284,430 .. The chargeR for 1894·95 include interest on debt, $1,761 486; taxes assessments, etc., $274,639; rental B. & 0. S. W. Terminal Co., $60,000 -(V. 56,p 332,414,440,4 64,504,580,66 9, 1057; V. 57, p. 341, 721. 763; V. 58, p. 382, 635, 637; V. 59, p. 650, 919, 9 66, 967; V. 60, p. 929, 1144; v. 61, p. 793, <1()4, 922, 924, 929. B altlJDore & P o t omac KK.-Owns from Baltimore, Md., to South End Long Bridge, Va., and branch, 44 m.; and from Bowie to Poue's Creek, 49 m.; total, 93 miles-includin g tunnel in City of Balti• more; leases branch 4 m.; total 97 miles. Controlled by Penn. RR. Co. STOCK.-$4,914 ,250 (par $50), of which Pennsylvania RR. OWD8 $4,081,100 and Nerthern Central $622,850. BoNDs.-Consol s are reserved to retire all the prior bonds as they mature. The first mort. gage bc>nds are guaranteed by Pennsylvania RR. and Northern Central. EARNINGS.-In year ending Oct. 31, 1894, gross earnings, $1,834,528; net, $506,415; interest on bonds, $420,00 0; int on equipment, $50,310; other charges, incl. $30,513 forimprovemen ts,$69,402; deficit for year, $33,297. In 1892·93 gross, $1,945,571; net, $396,647; deficit under charges, etc., $172,700. B angor & A.roosto o k KK. - (See Map.) Owns Brownville to Houlton, Me., 94 miles; Houlton to Caribou, via Presque Isle, 74 miles; branch, Oakfield to Ashland, 43 miles (owned Jan. 6, 1896); total, 211 miles. It operates under 999•year lease (terms V. 56, p. 204). the Bangor & Piscataquis RR., Oldtown to Greenville (Moosehead Lake), 77 m., with its leased line to the Katahdin Iron Works, 18 miles. and has assumed Bangor & Piscataquis bonds. Total operated, 306 miles. Stock authorized and outstanding-Co mmon, $1,050,000; preferred, 5 p. c., non•oum., $1,100,000-pa id in, $821,161; par $100. First m ortgage trustee is N. Y. Guaranty & Indemnity Co.-V. 56, p. 204. The-line from Brownville to Houlton was opened Jan. 1, 1894, and the line from Houlton to Caribou was opened Jan. 1, 1895. The charges and rental of the Bangor & Piscataquis, leased from City of Ban.,.or, are $83,950 per annum. The State of Maine refunds 95 per cent ol all taxes levied on road and leased lines. In addition to the proceeds from bonds $5,500 per mile, derived principally from subscriptions t,o preferred stock, have been spent on construction. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • ~ ~ <j t?=.:l rn ~ 0 ~ C€ rn ~ '"'o ~ ~~ ~ ~ MA.P OF THE BALTIMORE & RAILROAD SYSTE.M. t t"" ~ ~ J A.NU A.RY, 1896,] https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD STOCKS AND BONDS. C, C 0 r MAP BANGOR & OF THE AROOSTOOK RAILROAD AND CONNECTIONS. INVESTORS' 18 SUPPLEMENT. [VOL~ LXII, Subscribers will conCer a great f'avor by giving 'Im.mediate notice of' any error discovered In these Tables. 1Bonds-Pr1nci• INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Amount pal,When Due. Par Outstanding Rate per When Where payable, and byj Stocks-Last of F or explanation of column headings, &c., see notes of Road. Bonds Value. cent. Payable Whom. Dividend. on first page of tables. B ath d: Hammondsport-1st mortgage, gold ..•..... Second mort{age, gold............................. B e::t ~~~.~~r?~~~f.f:~g~~~~~ ~ ~~~ .~~~~.~~ ~.1:,l~ 2d M. for $1,000,000, ~ld, guar. p. & i. (end.) .c&r Clearf.Bilum.Coallst .,int.fl!;. by Bh. Cr.,gold.c B ellaireZanesvilled: Oin.-Prior ienmort.,red.at105 1st M. ($262,000 reserved for prior lien bonds) .. B elt RR d: Stoclc Yard °6c_ Indianapolis-1st mort .. Mortgage for $1,000, 00 gold . . . . . .............. B elt Ry. ( Chattanooga) 1st mtge., $300,000, gold .. B el'Didere Del.-lstM., ext'din'77,conv.,filar..... c Cons. M. of '76, guar. by Un. Co's & Pa. R.,s. f .. r do sinking fund ............................ r Benni-1,ton d: Rutland-1st mortgage ............... Birm. hef. d: Tenn.Riv.-See NORTHERN ALABAMA. Boston d: Albany-Stock ($30,000,000 authorized) .. Bonds (not mort.) issued to State for its stock .... r Bonds· (not mort!fia,geJ for $5,000,000 ............ c Pittsfield & Nort A ams (leased) stock .......... Ware River RR. stock, 7 p. c. rental 999 years ... Boston d: Lowelt-Stock .. ) ( Bonds, not mortgage .. I . . Bonds, do Bonds, do Bonds, do Boston & Maine gives Bonds, do a rental guarantee Bonds, do c*.. for 99 years. Bonds, do o* .. L.&L.andS.&L. bonds. Nash. &Low plain b'ds Boston d: Maine-Stock, common .................... Preferred stock, 6 per cent, non-cumulative .... _. l l i 10 10 150 150 150 io2 102 ---· ·--- . .64 67 67 59 389 ---· ·10 49 -··· ---· .... .... .... .... .... ... . ... .... .... .... ----1889 $1,000 1893 isss 1892 1891 1889 1890 1876 1881 18951 185', 1885·7 1893 1877 iss2 1893 .... ---· is1s 1879 1883 1885 1892 1893 1894 1,000 50 1,000 1,000 100 &c. 1,000 1,000 i:ooo i:ooo 1,000 1,000 1,000 100 . --· ·100 100 100 ---· . --· .·-· 1:000 1,000 . ... .... isso ij;ioo . ... ..... 100 5 g. J. & D. New' York City. $100,000 200,000 5 g. A. & 0. do do 5,500,000 4 per an. Q.-J. N.Y., Gr'nd Cent. Depot 4 g. J. & J. 5,000,000 do do 5 g. J. & J. do do 500,000 803,100 4 g. J. & J. N. Y., Knickerb'r Trust. 216,000 6 J. & J. July,'94, co.u p.last paid. ........... ..... 1,138,000 4 J. & J. 500,000 J. & D. Indianapolis. 6 6 g. M.&N. Phila., W. H. Newbolds. 500,000 (1) .. . .......... Text. J • . & D. Philadelphia, Pa. RR. 1,000,000 6 4, 1,249,000 VIW!ous Philadelphia, Pa. RR. 4 562,000 J. & J. do do M.& N. N.Y., Union Trust f1o. 475,000 7 ·---- 25,100,000 3,858,000 3,627,000 ~50,000 750,000 6,329,400 750,000 620,000 250,000 3,675,000 1,000,000 1,000,000 500,000 426,900 100,000 $18,739,200 3,149,800 June 1, 1919 1, 1923 an., 1896 July 1, 1936 July 1, 1936 Jan. 1, 1940 July 1, 1899 Jan. 1, 1940 Dec. 1, 1896 Apr. 30, 1911 July 1, 1945 June 1, 1902 Sept., 1'9 25·27 Jan. 1, 1933 .liov. 1, 1897 Alt I 8 per an. Q.-M. 1:?:->ston,Of.Kneeland St. Dec. 31, 1895 ;:; A. & O. do do Apr. 1, 1902 4 A. & 0. do do Oct. 1, 1913 5 per an . J. & J. do do Jan. 1, 1896 7 per an. J. & J. do do Jan. 1, 1896 See text. J. & J. Boston, at Office. Jan. 1, 1896 6 J. & J. do do July 1, 1896 5 J. & J. do do July 1, 1899 412 M.&N. do do Ma~ 1, 1903 4 Various · do do 1 05·6-7-9 do do Apr. 1, 1932 4 A. & 0. 4 F. & A. do do Feb. 1, 1913 do do Moh. 1, 1915 4 A.".&:.'·o. do do Oct. 1897 &'98 6 5 g. J. & J. Nashua, Co.'s Office. I July 1, 1900 Boston, at Office. See text. Q. -F. Jan. 1, 1896 6 per an. M. & 8. do do Sept. 3, 1895 Second mortgage bonds for $840,000 are held by the Aroostook Con• I 1 m.; total operated, 82 miles. T,eased to United Companies, and trans• structionCo., but can only be sold to pay any excess of oostof road over rerred to Penn. RR. March 7, 1876. Net earnings paid as rental. The first mortgage (convertible into Rtock) and the $1,249,000 4 per cents of first mortgage bondfl and stock subscriptions. A statement relating to this company will be found in the CHRONICLE 1885·7 are guaranteed by the United Companies, and their guaranty assumed by the Penn. RR. under its lease. In 1894, ~ross, $1,002,054; of April 27, 1895. EARNINGS-11 months.~ 1895 ........ Gross, $677,16Q; net, $222,436 net, $240,270; interest, etc., $153,169; dividends (6 p. c.), $69,000; Jan. 1 to Nov. 30. 51894 ........ Gross, 337,780; net, 120,095 surplus for year, $18,101. In 1893 net, $301,959. Total surplus Dec. For year ending June 30, 1895, gross, $582,832: net, $199,632 ; 31, 1894, ,l;377,903. Dividends of 6 per cent are paid. Stock, $1, 150,· 000 (par $50). rentals and interest, $180,438; balance, Furplus, $19,194. Berkshire KK.-See N. Y. NEW HA-VEN & HARTFORD. Year ending Dec. 31, 1894, gross, $366,290, against $190,338 in 1893; net, $124,552, against$60,550.-V. 60, p. 747,794; V. 61, p. 610, Blrllllngham. Sheffield & Tennessee River Ky.-To be 793, 829. NORTHERN ALABAMA.-V. 61, p. 26,111,516,829. Bath & Hallllllondsport KK.-Owns road from Bath, N. Y., to Boston & Albany KK.-Owns from Boston, Mass., to Albany, Hammondsport, N. Y., 10 miles. Chartered in 1872. STOCK, $100,000; N. Y•. 202 miles; numerous branches, 104 miles; leased lines, 83 miles; par,$100. EARNINGS.-For year ending June 30, 1895, gross, $34,809; total operated, 389 miles. A consolidation of December, 1867. net, $17,381 (net in 1893-4, $16,565); other income, $422; charges, STOCK-In 1889 obtained permission from the Legislature to issue $16,489; balance, surplus, $1,314. $10,000,000 additional stock, $7 1000,000 being for bonds due in 1892, Beech Creek KR.-( See Map adjoining N. Y. Oentral.J-ROAD- the remainder for improvements. On Jan. 5, 1892, $5,000,000 of this Jersey Shore, Pa.,to Maha:lfey,113 m; branches, to Philipsburg, ~o mines./ new stock was issued to retire 7 per cents due F~b. 1. In Oct., 1895, &o., 37 miles; total, 150 miles; trackage to Williamsport, 16 miles, ana an additional $100,000 was issued. V, 61, p. 703. to Patton 20 miles; total operated, 186 miles. Extension about 100 DIVIDENDS-Cash dividends at the rate of 8 per cent yearly have been miles southwest to Pitts. McKeesport & Yough. RR. is proposed. paid for many years. Stock dividend, lOp. o. in 1883 l\nd313p. c. in 1886. LEASE, &c.-From October 1, 1890, leased to the N. Y. Central & BoNns.-New bonds for t5,000,000 were authorized in Se;,t., 1893. Hudson River RR. for 999 years at interest on bonds and 4 pe:r cent on stock. Carries mostly coal and coke: in 1892·93, 2,985,127 tons: in V. 57, .P· 547. In July, 1895, $3,627,000 had been issued, $1,990,000 1891·92, 2,799,089 tons. The operating expenses are relatively low being issued to refund the 6s paid July 1, 1895. Notes payable were since the trains carry exceedingly heavy loads of freight, the aver• on September 30, 1895, $197,500. agepertrain in 1894-95 being 575 tons, against 521 tons in 1893-94. LATEST EARNINGS.-From July 1 to Sept. 30, 3 months: Average rate :per ton per mile 0·38c. in 1894·95, against 0·42c. in 1893· 3 months. Gross. Net. Oharges. Bal., surp. 1895 ... . ... . .... $2,490,049 $969,140 $142,339 $826,801 94 and 0·48c. m 1892·93. 862,962 172,618 690,344 STOCK AND BONDS.-The bonds are endorsed with the New York 1894............ 2,330,354 Central's guaranty of principal and interest. See V. 52, p. 570. In ANNUAL REPORT.-Flscal year ends June 30. Report for 1894-95 was June, 1892, stockholders authorized the issue of $1,000.000 new second in V. 61, p. 194, 364. mortgage 5 per cent bonds and $1,000,000 new stock, both guaranteed Year ending June 301895. 1894. 1893. by the New York Central. These securities will be issued from time to Gross earnings ................. $9,130,866 $9,190,276 $10,169,875 time to pay for extensions of the road through Clearfield in a south• Operatingexpensesand taxes. 6,579,360 6,720,288 7,750,089 westerly direction about 70 miles, reaching undeveloped coal fields. Net earnings ............ _.$2,551,506 In September, 1894, $500,000 of these 5 per cents and $500,000 of stock $2,469,988 $2,419,786 had been issued to J!3>Y for extensions, etc. Equipment trusts (5 per Interest paid...... . ............ $453,150 · $381,410 $312,900 cents) June 30, 1895, $185,000, interest payable at Knickerbocker Trust Rentals...... . .................. 78,000 78,000 78,000 Co., N. Y. The Clearfield Bituminous) Coal Corporation has capital Dividends (8 per cent) ......... 2,000,000 2,000,000 2,000,000 stock, $825,000. Bonds authorized, $825,000; retired by sinking fund to October, 1894, $21,900. Balance, surplus............... $20,356 $10,578 $28,886 DIVIDENDS-On preferred, 1886 to 1888, inclusive, 5 p. c. per annum; -(V. 59, p. 151, 191, 835; V. 60, p. 258,927; V. 61, p. 194, 280, in 1889, 2½; in January, 1890, 5 p. c.; in 1891 stock all made common, 364, 703, 829.) and dividends of 4 per cent guq,ranteed. See guaranty V. 52, p. 570. Boston & Lowell.-RoAD-Owns Boston to Lowell, 27 miles ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894-95 branches-Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles was in V. 61, p. 792, showing gross earnings $1,273,725; net $578,934; others, 32 miles; Middlesex Central, 11 miles; leases-Manchester & first charges, $327,999; dividend, $220,000; balance, surplus, $30,935. Keene RR., 29 miles (owned jointly with Concord & Mon. RR.); Central In 1893•94 gross, $1,125,533; net, $329,807.-(V. 57, l'• 639, 720,723; Massachusetts, 104 miles; Connecticut & Passumpsic, 147 miles; total V. 58, p, 344; V. 59, p. 779; V. 60, p. ,9I; V. 61, p. 792,) leased, 280 miles: total owned and leased, 369 miles. · Bellaire Zanesville & Cincinnati Ry.-Owns Bellaire, 0., to LEASES.-Leased in 1887 for 99 years to the Boston & Maine at 7 per Wllhelm Station, 0., 102 miles, three foot gauge; Muskingum County cent per annum on stock till and including January, 1897, interest, Railroad, WilhelmtoMillRun,9miles; trackageB.&O.RR., Mill Run to and 8 per cent thereafter Zanesville, 1 mile; total operated, 112 miles. The road is being made STOCK AND BONDS.-Stock authorized, $6,529,400. The debentures ·standard gauge. RKCEIVERSHIP.-In June, 1895, General Manager J. K. were described on page~. SUPPLEMENT of April, 1895. In Jan., 1894, Geddes was made receiver, interest due Jan. 1, 1895, on the prior lien $400,000 of 4s due 1913 were issued, and in February $200,000 stock bonds being in default. Reorganized in 1889. Foreclosure suit has and $200,000 more 4s of 1913 were issued for improvements and been brought. V. 61, p. 239. Stock is: Common,$832,000; preferred, elevator at Mystic Wharf. In November, l 894, $500,000 of 20-year $795,910; par $50. On June 30, 1894, funded debt was $1,354,000; currency 4~ were sold, proceeds to retire like amount of 7s due March other indebtedness, $33,674. In year endlng June 30, 189.4, gross, 1, 1895. (V. 54, p. 78; V. 59, p. 919; V. 60, p. 176; V. 61, p. 27.) ~97,044: net, $151587, against $13,141 in 1892·93; surplus over charges Boston & lttalne.-ROAD-The system includes the following: m 1893-94, $15,234.-(V. 61, p . 26, 239.) Lines owned. Miles. Miles. Belt Railroad & Stock Yard oC Indlanapolls.-Owns 14 Boston,Mass.,toPortland,Me. 116 Total operated July 1, '95 .... 1,707 miles of belt road, etc., at Indianapolis. Leased for 999 years to In· Boston to N. H. State Line.. 41 Double track .........•••..... 308 dianapolis Union-which see. Stock is: Common, $1,000,000; pre• Conway June., Me., to North ferred 6 per cent (112 per cent Q.-J.), $500,000; par, $50. In 1892 Conway, N. H............... 73 Controls Me. Cent. (which see) .822 the company stated that the " common stock had not paid less than 3 Sundry branches............. 140 Portland & Rocl1..ester ....... 55 p. c. semi·annually (J. &J.) and at times more for past fifteen years;" Lines leased. St.Johnsbury &LakeChamp.131 in July, 1895, common paid 2 p. c. The mortgage of 1876 is hel<l h v Concord & Montre'l.l. ..... . . . 414 York Harbor & Beach ......• 11 the Ci cy of Indianapolis. As to State tax settlement see V. 61, p. 660. Boston to Sherl,rooke, Can. .. 290 Vermont Val. of 1871. ........ . 24 Belt Railway (ofCha,.tanooga~ 'f'Pnn.).-Own'I 43 miles of. Other branche..'! leased........ 633 Sullivan County.. . .... . ... . .. . . 26 belt railroad in Chattanooga, Tenn., connecting Imes entering that city, The leased lines include : Concord & Montreal (leased June 29, 1895. HISTORY.-A reorganization of Union Ry. of Chattanoog a sold in fore· Boston & Lowell, Central of Mass., Nashua & Lowell, Northern or N. H. Worcester Nashua & Rochester, Connecticut River, etc.-for terms of closure June 17, 1895. The new company will be leased Jor fifty years till July 1, 194:'>, to the Alabma Great Southern Railroad Co. at a price leases see each company. sufficient to guarantee the interest on the bonds issued. STOCK is E~!!r~~jfigi'J ~fi'i~~!~ci~:e~t: a~d\~!di!~~m~~%hmG~~tJ!~1:h: $300,000. Conway, on terms in V. 50, p. 589. In July, 1895, the Concord & BONDS.-First mortgage for $300,000, bears interest at 3 p. c. for 2 Montreal was leased for 91 years. See V. 61, p. 513. From Jan. 1, years from July 1, 18~5 ; 4 p. c. for 2 years more and 5 p. c. thereafter. 1893, the Connecticut River Road was leased for 99 years. V. 56, p. 245. Income mortgage gold bonds authorized issue of $24.000, maturing An agreement with N. Y. N. H. & H. regarding division of territory July 1, 1945, to bear interest at the r ate of 4 per cent, if earned, to July wasmadein '93. (V. 56,p. 464.) 1, 1903, non-cumulative, and from July 1, 1903, to become a fixed STOCK.-Common stock authorized, $18,754,200; preferred stock charge, the company, however, having the right at any time to retire $3,119,800; ontstandins- in July, 1895, as in table above. In 1891-92 them after July 1, 1903, at par.-V. 61, p. 112, 610. $4,592,100 stock was issued to stockholders at par. (V. 52, p. Belvidere Delaware RK.-Owns from Trenton, N. J., to Ma 164, 349.) Of common stock $945.200 held by mortgage trustees of nunka. Chunk, N. J., 67. m.; Flemington RR.,&c., 14 m.; operated cut-off Eastern RR. and$376,200 by B. & M. June 30, 1894, drew no dividends. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I 17 RAILROAD STOOKS AND BONDS. JANUARY, 1806.J Sub8criber8 will confer a great favor by giving Immediate notice of any error dl111covered In these Tables. Bonds-Prine>• INTEREST OR DIVIDENDS. RAILROADS. pal,When Due. Miles Date Size, or Amount Rate f.er When Where Payable, and by Stocks-Last Par of of notes see &o., headings, For explanation of column Outstanding Dividend. Whom. Cen . Payable Road. Bonds Value. on first page of tables. -- -- Boston & Ma,ne-(Oontinued J- Improvem't bonds, s. f., not mort. or subj. to call Improvem't bonds, s. f,, not mort. or subj . to call Improvement bond&, not mortgage ............... Bonds (not mortgage) for imp. & ref......•... . o&r Bonds, not mortga~e, lJ:old..................... o&r Eastern RR.oerts.o in ebt.lstM., g.,s.f.,notdrn.o Portsmouth Great Falls & Conway, 1st mort .... o Charleston land mortgage notes ...........•.••.... Boston fl Prov.-Stook, 10 p. o. guar. 99 yrs., Old Col. Bonds, not mortiage...................... ....... c* Boston Revere Beac fl Lynn-Stock .•............... is:sfo~1l~\ti=oi> & .siiori; ist· ·moi-i ·assumed.::~ .... .... .... .... i19 Boston, at Office. F. & A. 4 1885 $1,000 $1,000,000 C,o do F. & A. 4 500,000 1,000 1887 do do F. & A. 4 1,919,000 1,000 1887 do do F . & A. 4 2,500,000 1892 lOOO&o. do do 412 g. J. & J. 6,000,000 1,000 1894 Br. Baring 6 g. M.& S. Bost.; Lond., 8,736,280 1876 $&£ Boston, at office. 412 J. & D. 998,000 73 1877 500&0. 594,800 ····· ···· - Boston,·---· .68 .... Of., Sears Bldg. ·ioo 4,000,000 10 pr.an. Q.-J. do do J. & J. 4 2,170,000 '88·;93 1,000 Boston. 850,000- See text. J. & J. 100 ···9 ,• i877 1,000 ' J. & J. Boston, Of. Atlantic Av. 6 350,000 5 '' M.& 8. do do 289,QOO 1,000 8 1S86 . ......... . .... 600,000 100 .... .... ------ .... Bristol Elizabethton & North Carolina-Stock ..•••. Brooklyn Bath fl West End-SEE STREET RAILWAY. 712 Brooklyn fl Brighton Beac~lst mortgage ........ c Brooklyn Elevated-See STREET RAILWAY SUPPLEMENT. 312 ,$350,000,g.c" ayBeach.-lstM. Brooklyn&Rockaw 6 B~alo Oreek-lst mortga58·········· ·············r 6 o* ........... gold 0,000 $1, for onsol. mortgage Buff'. N. Y. cl Erie-Stock (7 p. c. rent. Erie RR.) . . . . . 142 1st mortga~_. .......•.....•.....•. ............... c* Roch. & itts.-Stook, ½!pref., 6 £· o. non-cum. B1f·. &P. lstM ,gold,Roohesterto Sa amanoa .... c* R. & P. consol. mort., $20,000 &er mile,gold, g.c* B. R. &P. 1st general M. ($10, 00,000) iold .. .. c* Lincoln Park& Charlotte lstmort.,gol ,guar.c* Perry Railroad 1st mortgage, guaranteed... .. Real estate mortgage .•••. ...................... . B. R. & P. oar trusts,. gold, $54,000, 6s ............ Buffalo cl So·u thwestern-See ERIE RAILROAD. Buffalo & SusqWlhanna..,.:;toc k, .$ 2;000,00P . ...... -----· 1887 1891 1882 1891 142 334 108 274 274 11 1 is1a issi ---- 1894 ..... ...... ..... 1882 1887 1889 1889 ..... 1,000 i:ooo 1,000 100 1,000 100 1,000 1,000 1,000 1,000 1,000 ----------- 50 500,000 Feb. 2, 1905 Feb. 1, 1907 Feb. 1, 1937 Aug. 1, 1942 Jan. 1. 1944 Sept. 1, 1906 June 1, 1937 t'lept. 1, 1906 Jan. 1, 1896 July 1, 1918 Jan. 1, 1896 July 15,.1897 Sept. 1, 1906 ........ M. & 8. Sept., '95, pd. Dec., '95. Sept. 1, 1927 5 Brooklyn, N. Y. 6 g. M.&N. 300,000 J. & J. N. Y., Farmers' L. & Tr. 6 250,000 do do 5 g. J. & J. 238,000 Erie Railroad. 950,000 7 per an. J. & D. do do 2,380,000 7 per an. J. & D. N. Y., 36 Wall Street. 12,000,000 See text. 6 g. F:·&·A. N. Y.a.Jlnion TrJ1~t Co. 1,300,000 6 g. J. & D . 3,920,000 do do 5 g. M. & 8. 4,407-,000 ............ 5 g. J. & J. 350,000 ........... J. & D. 20,000 7 ............ ........ 306,500 ..&..D • .......... 5&6 J. 808,000 1,110.000 See text. . ........... . ...... May 1, 1931 Jan. 1, 1907 Jan. 1, 1941 Dec., 1895 June 1, 191ft See text. Feb. 1, 1921 Dec. 1, · 1922 Sept. 1, 1937 Jan., 1939 June, 1902 June· &. nec. Jan., 1895 \ 3 miles double track), and operates ferry to Rockaway Beach. Rails DIVJDENDS.-On preferred, in full to date. 50-56 pounds steel. STOCK is $150,000 ; par, $50. DIVIDENDS.'95 On common .... 5 '86 '87 '88 '89 '90 '91 '92 '93 '94 In 1890 and 1891, each 5 per cent; 1892, 6 per cent; 1893, 10 per cent; 6 6 8 8 9 9 919 9 since '85.P.C..... { 912 10 gross were $64,891; net, $20,818; In 1896, Jan., l¼ p. c. Dividends were Q. F., but in November, in 1894, (1) per cent. In 1894-95 surplus for year, $10. In 1893-94 fixed charges and taxes, $20,808; 1895, 112 p. o. was paid and again 112 p. o. in January, 1896. gross, $75,966; net, $30,878 . 1892-93, In $20,104. net, $68,333; gross, of SUPPLEMENT 2, page on desoribeq BONDS.-The debentures were .A.pr., '95. In Dec., '93, $6,000,000 412 p. cts. were sold to fund floating Buff'alo BradCord & Pltt8burg.-Owns from Carrollton, N. Y., debt and to retire $2,0110,000 of 7 per cents due Jan. 1, 1894. See also to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New & Johnsbury St. and River Conneotilut Lowell, & Boston lines, leased York. Lake, Erie & Western (now Erie) for 499 years. The Erie RR. Lake>ChaII)plain, for bonds sold by them in December, 1893. hold.a all the $580,000 bonds due Jan. 1, 1896, and $2,189,900 of the M. & B. off. paid been all had debt floating th.e , 1894' In Novemher, capital stock of $2~86,400; par $100... (V. 62, p. 39.) guarantees $1,328,000 first 5s or St. Johnsbury & Lake Champlain Buff'alo Creek.-Owns 6 miles of terminal road•' in Buffalo, N ;' Y. Union Portland $300,000 guarantees Central Maine RR. Jointly with In January, 1890, leased for term of charter less one day, to the Ry. Station bonds. Valley and the Erie RR., which together own entire capital Lehigh GENERAL FINANCES.-The 1895 report states that automatic couplers stock of $250,000. and air• brakes for freight oars and engines will call for about $1,000,000 Buffalo New York & Erle.-Owns from Buffalo, N. Y., to Cor· during the next two years. The new passenger 1;1tation was opened to the Erie Railway Co. for 490 in 1894. The lease of the Concord & Montreal in July, 1895, frees the 111np-, N. Y., 142 miles. Leased in 1863 Lake & Western Com 0>1,ny company from all rail competition in its special territory. In Deoem• vears, and operated by the New York stock. Erie See V. 62, p. 89. Rental, $823,800 s awn which RR.I, Erie to 5s (now new its of $100,000 issued ber, 1895, the Central Massachusetts organization exand $238,100-viz., 7 per cent on stock and bonds, .Boston & Maine for claims to April 1, 1895. See V. 61, p. 1063. penses. Dividends and interest pe.id directly by lessees. LATEST EARNINGS.-For three months ending September 30. Buff'alo Koche111ter & Pittsburg Kallway.-(See Map.J-OperBal., su1·. Int., de. 0th. inc. Net . Gross 3 mos. ates from Buffalo and Rochester, N. Y., to the bituminous coal regions 1895 ..... ... $5,973,022 $2,111,806 $146,137 $1,291,604 $966,339 around Walston, Pa, 336 miles in all, including : 856,237 109,720 1,058,681 1894 ........ 4,583,016 1,805,198 Leased--Enti?-e st' k own' d- Miles. Miles. Lines owned in feeANNUAL REPORT.-Annual meeting second Wednesday in October. Buffalo Creek, N. Y., to Howard Johnsonburg & Bradford RR.·Annual report 1894-95, in V. 61, p. 513, showed results as follows, the Howard Juno. to Mt. J ewett. 20 81 ...... ............ Pa.... Juno., operating expeuses in 1 894·95, including $895,147 "spent for purposes Clarion June., to Walston, Pa. 66 Lincoln Park & Charlotte...... 11 which are in the nature of permanent betterments to the property." RR.................. ...... 1 Perry 93 ... . Y N. Ashford, to Rochester 1893. 1894. 1895. Year Ending June 30. Four branches to mines ......•. 14 Clearfield & Mahoning-,r 1,293 1,293 1,293 to Beech Creek RR. 26 Clearfield Miles operated........... ....... Trackage$8,463,143 Erie-Mt. Jewett to Clarion J.. 20 $7,894,968 Passenger department . ........ $7,754,998 7,987,851 7,260,587 this Co.) ........ 336 msee 8,274,862 Total ...... 4 t....... Buffalo. into Freightdepartmen Buffalo Creek RR. 774,331 806,721 862,453 Mails, express, etc.............. ORGANIZATION, ETC,-Suooessor in March, 1887, to the Rochester & Pittsburg, which was foreclosed in October, 1885. See V. 50. p. 560, Total.. ........... ......... --$16,892,313 $15,962,276 $17,225,325 589. The entire capital stock of the Rochester & Pittsburg Coal & Iron Oper. expenses, exol. taxes .... 11,794,5~8 10,860,580 11,736,497 Company is owned. ----- ----In May, 1893, the Clearfield & Mahoning RR. was completed and $5,101,696 $5,488,828 leased, Net earnings ........... . .... -.$ 5,097,785 and its securities guaranteed. The road affords connection $6,092,719 $5,754.570 Net, includ. other income .....•. $5,705,539 at Clearfield, and outlet for coal to seaboard. See 1,101,650 with the Beech Creek 1,213,391 Interest........... .............. 1,105,690 On June 1st, 1893, the nroprietary line, the Johnsonburg & M. & C. 2,167,413 2,311,370 Rentals............ .............. 2,396,246 trackage. 726,136 Bradford RR., was opened, replaclng Erie 822,018 824,572 Taxes.............. .............. DIVIDENDS.-On pref., in 1892, 5; in 1893, Feb., 114 p. c.; none since. 1,580,155 1,3:n,031 Dividends........ ............... 1,233,997 80,413 67·, 282 72,749 BoNDs.-Of the general mortgage (trustee Union Trust Co. of N. Y.) Sinking fund.... . . . . . . . . . . . . . . . . . - - - - - for $10,000,000, there were $6,000,000 reserved for prior bonds. The --·-$436,952 $19,478 $72,285 Balance, surplus............. ... general mortgage 5s cover 22 miles of road built since 1887. $5,000 incomes due in 1921, for which -(V. 58, p. 305,866; V. 59, p. 331, 598,878; V. 60, p. 42, 301, 834, There are also outstanding $3,000 consols. (included in table) a re held by the trustee. 1104, 114.4; v. 61, p. 27, 68,280,321,470,5 13,871, 1063.) UENERAL FINANCES.-Loarn~ and bills payahle Sept. 30, 1895, $764,Boston & Provldence.-Ow ns Boston, Mass., to Providence, R. T., 000. In September, 1895, $436,000 general mortgage bonds were 44 miles; branches, 20 miles; leases to North Attle 11orough, 4 mile!". listed on N. Y. Stock Exollange; $147,000 were for new road built in Leased for 99 years, A.pril 1, 1888, to Old Colony RR.; rental, 10 per 1894, balance for improvements, etc.-V. 61, p. 558. cent yearly on stock. Old Colony to July 1, 1892, had invested $1,671, EARNINGS.-5 mont111,, 51895 ........ gruss, $1,372,425; net, $408,405 938 in road on lease improvement account. July 1 to Nov. 30. { 1894 ........ gross, 1,396,813; net, 479,523 Boston Revere B each & Lynn.-Owns narrow-gauge road Surplus over charges for three months ending Sept. 30, 1895, $67,from Lynn to East Boston, Mass., 9 miles, connecting with Boston by 205, against $71,178. ,company's ferry boats; Boston, Winthrop & Shore Div., East Bostonto ANNUAL REPORT.-Fisoal year ends June 30. The alltlual meeting is --Winthrop, 5 miles, with branches 3 miles. Notes and bills ~ayable third Monday in November. The,report for .June 30, 1895, $347,211, against $105,791 in 1894. Dividends: held at New York on the was givtn at length in V. 61, p. 702, 709. In 1894-95 carried 1894-95 '94, in o.; p. 5 1888 to 1891 inclusive, 7 1•. c. per ann.; in '92, 5½1; in '93, 2,535,008 tons of bitummous coal, agtt,inst 1,894,595 tons in 1893·94. 419 p. o.; in '95, 4.p. c.; in 1896, Jan., 2 p. o. 1892. 1893. 1894. 1895. Year end. June 30EARNINGS.-For years ending June 30: Gross earnings ........ $3,028,216 $2,780,237 $3,308,740 $2,947,106 Int. & taxes. ])·iv.paid. Bal. surp. Net earniugs. . ...... .. $756,929 Net. Gross. Yem·. $756,726 $857,235 $629,811 $10,422 $34,000 $56,372 $100,71J4 1894.-95 ...... $280,324 52,555 45,724 39,588 38,225 Other income... . ...... None. 42,500 53,021 95,521 1893-94 ...... 301,383 ------$809,281 $902,959 $669,399 -(V. 56, p. 289,754; V. 57, p. 2S9; V. 61, p. 793.) Total receipts. .... $795,154 $518,781 $554,247 Broo klyn & Brighton Beach.-Owns double-track road from Interest on bonds.... $596,272 1 $594,368 23,709 24,030 30,126 31,251 Atlanti c Ave. corner Franklin Ave., Brooklyn, to Brighton Heaoh, L. I., Int. on floating debt.. made be to is 73,195 Connection 72,981 1887. Oct., in 123,932 foreclosure in ::.24,960 . Sold .. .. .. . . 712 miles. Rentals . . . . . . with Kings Co. Elevated by extension along Franklin Ave., as soon as the to leased be to sr.$193,595 is 701 road sr.$251, the when def.$79,027 overcome, are .$42,6'71 J.e~al obstacles Balance .............. sur Kmgti County Elevated · V. 61, p. 1107. STOCK.-Stook is-common, -(V, 58, p. 224,774; V. 59, p. 332, 7!:10, 917, 919, 925, 968; V. 60, $500,000; p1·ef., $500,000. Stock assessed 312 p. o. in1B93. p. 218, 834; V. 61, p. 239, 280, 558, 702, '2'09, 830.) EAR.Nir-Gs.-Year ending June 30, 1895, gross, $99,300; net, $32,000; Huff'alo & Soutllwestern.-B ufl'alo to Jamestown, N. Y., 66 surplus over charges, $28,519. In 1893-94 gross,$91,184; net, $24,246. miles. In November, 1895, the Erie RR. purchased the entire capital Total deficit July 1, 1895, $316,430. stock and issued a second mortgage on the property for $1,000,000. BONDS, ETC.- On July 1, 1894, loans and bills payable were $325,350. 8ee Erie RR. in this BUPPLEMEN'f . Profit and loss deficiency March 31, $391,988. March, 1895, coupons Bu.ffalo & Susquebanna.-( See Map.J-Owns from Keating were paid at Central Trust Co., N. Y., in July, 1895, and September, Summit, on the Western New York & Pennsylvania RR., to Ansonia, 1895, coupons were paid December 5, 1895. Pres., Gen. J. Jourdan, Pa., on the Fall Brook RR., 62 miles; Galeton to Wellsville, on N. Y. Brooklyn.-( V. 59, p. 421; V. 60, p. 561, 1107.) L. E. & W., 36 miles, with branches 13 miles; total, 111 miles. The road passes through an extensive timber section (upwards of 220,000 Brooklyn Bath & West End.-{See STREET RAILWAY SUPPLEMENT. 5 Brooklyn Elevated.acres), to which it affords an outlet to Buffalo on the west, and to New lines, as shown by accompany• Brooklyn & Rockaway Beach.-Owns road from East New York and Philadelphia, via connecting · ingmap. which (of miles York (Brooklyn) to CanarsieLanding, Jamaica Bay, ::J½l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I ----- ---- ---- -- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CNVES~ORS' · SUPPLEMENT. [VOL , LXII, MAP OF THE BUFFALO, ROCHESTER AND PITTSB'U RG R'Y -----------·-· -·-·-·-·-·--~ - JANlJA~Y, RAILRO AD STOCKS AND 1896.] 19 .BONDS. error discovered in these Tables. Subscriber s -will confer a great Cavor by giving immediate notice of any IBonds-Prino i· OR DIVIDENDS . INTEREST . . RAILROADS . - - - - - - - - - - - - - - - - - - - pal,When Due. A Miles Date Size, or . When [When Payable, and by Stocks-Last Perr Rate t~o~ O Par of of notes see &c., heading, column of For explanation Dividend. Whom. u s an ng Cent. Payable Road. Bonds Value. on first page of tables. I - - - - - - - - - - - - ------- ------ ---- - . Oct., 1913 5 g. A. & 0. N. Y., H. Fii-k & Sons. 1893 $500&c. $1,367,000 See text. F. & A. N. Y., Corn Exch. Bank. Feb. 1, 181l6 5,500,000 100 1, 1906 June Co. J. & D. N. Y., Central Trust 5 6,500,000 Mch. 1, 1896 1876 lOO&c. do do 7 g. M. & 8. See t ext. 1,000 1\.f20 1, Oct. 1879 do do 6 g. A. & o. 825,000 1,000 Oct. 1, 1921 1880 do do 5 g. A. & 0. 1,905,000 1,000 1934 1, Apr. 1881 do do 5 g. A. & o. 1, 1927 1884 L,OOO&c 5,841,000 7 g. J. & D. N.Y. Continental N. Bk. June1923 150,000 1877 ?'>00 &c. (1) 5 Jan.'9;"),nmw July 1, 1910 1893 6 g . .). & J . £100 £1,121,700 1890 -t;1i,ooo,ooo Jan:. 1,"i912 $100 o.,23Br'd. . N.Y.,8.Pac.C ..............• J. & J. 4½g. 2,232,000 Oalifornia Pacific-Stoc K ............ 1,000 Jan. 1, 1911 1867 ll4 do do 4lgg. J. & J. 1st mort., gold (ext'd in 1887) ............... ..... . 114 1,595,000 1,000 July 1, 1905 1871 '91 in ext. do Pao., Cen. do 2d M., go1d,gu.p.&i. , end. by 2,998,500 3 g. & 6 g. J. & J. 500 1875 114 3d M .• gold, guar. by Cent. Pac. ($1,000,000 are 3s) 1,288.550 Jau:·1,"i941 50 S.4th8t. 3 PhUa.,Of.,23 J. .. & ... J g. 5 . .... auth $2,150,000 Oambria cf Oleartteld-St ock, 1,279,000 1,000 See text. 80 1891 St. 1st M. ($2,000,000) gol<l ............ . ............ c* 377,900 See text. . . . . . Phila., Of., 233 S.4th 50 Sept. 16, 1895 79 do ............ do ....•.......... S. text. M. & See Oamden <t .Atlantic-Sto ck ,250 .. 88 50 1, 1899 Oct. 'i9 do do A. & O. 6 497,000 1,000 July 1, 1911 79 i879 do do 5 & 6 J. & J. 1,000,000 1,000 1903 31, Dec. 1881 79 do do J.30& D. 5 Consol.mort. ($650,000 are 5s; balance 6s coupon1. 385,000 1, 1896 6 per an. J. & J. Phila., Penn. RR. Co. Jan. Debenture certificates .... . ............... ...•..... ·si 1893 381,925 25 1897 1, Feb. do do F. & A. 6 Oamden <t Burlington Oounty-Stoo k . . ............ . 350,000 31 1867 500 &c. 5 g. A. & O. Oct.,'94,coup . last paid. Apr. 1, 19'20 1st mort., guar. p. & i. by Pa. RR. Co ........... o* 34,000 1,000 7 1890 Oamden Oount11-lstM .,g., gu.,p. &i. Phila. & R,o* 3,000,000 Jan:· 5,..i9o9 Oanada .Atlantic-Sto ck ($1,000,000 is pref.) . ..... . 142 1889 3,450,000 1st mortgage, gold . ............... ............... o* Bnffalo & Susquehann a- ( Oontinued.) 1st mortgage, gold, s. f., subj. to call at par .. o*&r 112 Burlington Oedar Rapids & Northern-Sto ck ..•..... 3£39 1st mortgap;e ..... . ............... .............. c*&r 73 lowa City &West.,lstM .,g.,called.,re d.at 105.o*&r 55 Ced. Rap. L F. &N. W., lstM. g., guar.,red. at 105 Consol.lstM. ,gold,guar. (Seetext1$4,0 00,000.<' ..iii o*&r ..... . . trust,gold &col. B.C.R.&N. con. lstM. 12 Minneapolis & St.Louis,lst mort., gold (assumed) Butte .Anaconda & Pacific.-lst mort., $3,000,000 . 295 Oalqary cf Edm(!nton-l ~t M., red. at 110, July 1.'96 ion<ion: ~d~~~~~gS:~.~~:::::::::::::::::::::::::::: :: ::::,i I 1891 1892 . 1893. 1894. $632,871 $811,634 $279,197 Deduct impts., &o... $171,998 $215,076 Balance for year sur $414 132 sr $416 ' 672 *def·$82 ' 985 · ' · ·· ~-$431,015. balance, $514,000; bonds of sale Add -(V. 60,p. 834,871; V. 61, p. 749; V. 62, p. 39.) Ana Butte A.naconda & PacUlc.-Co mpleted from Butte vi& eonda, Mont., to the Bitter Root River, 40 miles. Operated in October, at authorized were Bonds miles. 1895, ' Butte to Anaconda, 27 $40,000 per mile. On June 30, 1894, Inter· State Commerce Commiscur• $54,179 and bonds of ~ion reported $150,000 stock, $1.950,000 rent liabilities outstanding. In January, 1895, however, it was said by the hands or the public. OperatedFor that none of the bonds were in Great Northern, .which owns a controlling interest in the stock. $374,· net, $668,362; were earnings gross 1895, year ending June 30, 530. Charges, $102,783. Balance, surplus, $271,747. by Calgary & ti;drno nto n.-Owns 295 miles of road operated Canadian Pacific, from Calgary on the Canadian Pacific, north erly to Edmonton, 191 miles, and southerly to Fort Maclead, 10:4 miles. Leased at cost of operating till July 1, 1896, to the Canadian Pacific, which at that date has the privilege of retiring the first mortgage bonds at 110. The amount requisite in addition to the Government subsidy (of £16,000 per annum for 20 years for transportatio n of on the bonds to July 1, Government freight) to J,>rovide the interestfor that purpose, it having 1896, has been deposited m trust, to be used been derived from land sales. The land grant was 1,888,448 acres, of Leaseil-.Atl stock ownedLines owned in feeagainst the subsidy Government which 607,402 acres are held by the Iowa City & Western RR., Burlington, Ia., to State Line, See V. 54, p. Iowa City to What Cheer,&c. 73 and by the Canadian Pacific Railway under the lease. Minn. (including 11 miles 847. Stook$1,000, 000; par$100. le11ised) ............... .......•• 241 Cedar Rapids, I. F. & N. w., CaL, Sacramento, to Cal., Vallejo, from ns CallCornta Pacific.-Ow Holland, Ia., to Watertown, State Line to Albert Lea, Minn. &o., 55 miles; total, 115 miles. In So. Dak., &c... .• •• . . . . . .. . . • 493 60 miles; branches to Calistoga, years (leased)...... . . . . . . . . .. . . . . . . . 12 Company. Pacific Southern to 50 for Ced. Rap. & Clinton RR., .io. 111 November, 1886, leased Branches owned to Postville, Rental, $600,000 per annum.. Capital stock, $12,000,000; par; $100. Riverside, Holland and Dav· $588,083; taxes, etc., $i2,989: Totaloperate dJan.1,1895 .1,134 In 1894, gross, $1,240,735; net, enport ......•.....•.. ..••....•. 204 to lessee, $55,850. Cn rental, $600,000; betterments, $945 ; loss Lessor's account, rental, $638,939. net, $1,359,455; grosij, 1893, of which 1,101 miles are steel rails. An extension was bein~ built from surplus to lessor, $252,132. $347,868; etc., interest, paid $600,000; but 1892, m completed miles 46 which of Ia., Forest City to EstheTville, Cambria & Clearfield. -In operation from Cresson to Glen work has been st0PPed. Campbell Junction, 48 miles ; branches, 49 miles ; total, HISTORY.-S uooessor to the Burlington Cedar Rapids & Minnesota miles. Stock-author ized, $2,150,000 (par $50) ; paid in RR. Co., foreclosed June 22, 1876. Leases in perpetuity the Iowa City 97 all owned by the Pennsylvani a RR. Co., which oferates & Western and Cedar Rapids Iowa Falls & Northwestern , Cedar Rapids $1,288,550 property under an arrangement terminable at option o either the & Clinton and Chicago Decorah & Minnesota railway1:1. party. Net earnings are paid as rental. A full abstract of the mortgage earnings $207,940; net, $41,824; STOCK.-A uthorized, $30,000,000; outstanding, $5,500,000; par, $100 was in V. 52, p. 976. In 1894 gross$28,172. In 1893, groi;s, $256,224; detlcit under interest and charges, The Rook Island Co. is understood to be a large stockholder. $57,460. net. 1896. 1895. 1894. 1893. DIVIDENDS- 5 Camden & Atlanttc.-O wns Camden, N. J., to Atlantic City, and Feb., :.:1 p. c. ·3 3. 3. { Per cent. RR., branch, 62 miles; Atlantic City to Longport, 6 miles; Chelsea Bran.oh Rail· outstand· (total $584,000 for bonds mile; ferries, 2 miles; operates Philadelphia Marlton & Medford 1 Western ~ BoNDs.-Iow a Oity miles. 83 operated, road-Haddon field to Medford, 12 miles; total 1ng) have been called for payment .March 1, 1896; Bur. Cedar Rapids Oedar V. 62, p. 39. & Nor. consols of 1884 will be issued. STOCK, ETc.-Preferr ed stock is entitled to 7 per cent if earned, and Rapids I. F. ~ N. W. bonds are ~aranteed, principal and interest, to as high as paid to common if more than 7. Pennsylvani a RR. owns per 5 the of and 105: at call to subJeot and so endorsed; the 6s are $234,100 common and $452,100 preferred. There are other bonds cents of 1881 $825,000 are reserved to retire the 6s and certain others mortgages outstanding, $88,300. The Phll.Marlton &Medford (leased There mort. 1911, 1, oonsol. July N. & due R. C. B. are deposited as collateral under the for net earnings) has $85,000 first 5s outstanding, are also 5 per cents issued under a $10,000,000 mortgage of 1884, redeemable after July 1, 1896, int. J. & J. whloh are all deposited under B. C. R. & N. mortgage of 1934.bonds are DIVIDENDS since 1880: On common, in 1880, 312 per cent in preferred Of the B. 0. R. & N. 5s of 1884 (Central Trust Co., Trustee1, 312 1n scrip; in 1882, 4; in For scrip, and none stnoe. On preferred, in 1880, reserved to retire, if deemed best, all '{)rior and divisional bonds. 7; 1n 1887, 5: 1n 1888, 212; in 1889, 3; 1n 1894, Feb., 4 p. o. Sept., 1884, extensions bonds may be issued at $15,000 per mile for single and $7 • 212 p. o.; in 1895, March, 212 p. c.; Sept., 212 p. o. 500 per mile for second track, the total author. issue not bemg limited. . EARNINGS.- From Jan. 1 to Oct. 31 (10 months). · Minneapolis & St. Louis bonds due June, 1927, numbered from 1,101 ......... Gross, $874,506; net, $301,583; 5 sur. over $163,282 to 1,400, for $500 each ($150,000 in all), were assumed by the Bur· 1895 152,454 charges. { ; 1894 ...•.... . Gross, 811,493 ; net, 281,695 lington Cedar Rapids & Northern Railroad. V· ANNUAL REPORT.-Fi scal year ends Dec. 31. The report for 1894, $1,298,504 EARNINGS.-1 1 months, ( 1895 .... Gross, $4,060,148; net, line and branches, gross earnings, $888,· 902 001 60, p. 605, showed :-On 'main t G oss 3 425 736 5 1894. 30 1 t0 N J income, $8,638; interest on bonds $102,570; other $239,956; net, 146; ' ' ne ; ' ' ' r · · .. · ov. an. ; extraordinar y repairs, $24,386 ; dividends on ANNUAL REPORT.-Fis oal year ends December 31. Annual meeting rentals, &o., $48,242 balance, surplus, $16,180. In 1893 gross, 1s held on last Tuesday in May. Report for 1894 was in V. 60, p. 871. pref. (6 p. o.), $57,216; (V. 58, p. 429,511; V. 60, p. 605.) $182,085. net, 843,324; 1. . . , _ Year ending Dec. 31 189 1892 1893 1894 Camden & Burlington County.-Ow ns from Camden, N. J., to 1 083 1 090 1134 1134 t d Mil Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount Holly, ' ' ' ' es OJ?era e · · ·· · · $798,708 7 miles; total, 30 miles .. Operatedd ?Yt fuet Pennd6sylvania tRailrtoakd, $938,514 $973,815 $331,770 wLehi!oshe gruenartaaf,t$e!l b,4ot5d,sy,feeid~1gpa6lpa:r :niri~ st~~k aE~rb~'ii1a.s~n ~t~~k,· 2,928,628 3,249,818 3,084,481 Freight.... . ......... 2,737,681 par$25. Dividends in Jan. and July. (n 1894 gross, $252,$381,925; 159,003 166,457 166,458 179,378 &o... express, Mail, profit to lessee in 1894, $7,927. $52,342; net, 070; $3,886,339 $4,354,789 $4,224,754 Total gross earns.$3,748 ,829 Ephraim to Spring Mills, N. J., Cantden County.-Ow ns from Mt. 2 613 643 3193 141 3 078 435 2 722 217 t by Philadelphia & Reading. First mortgage inter· Controlled miles. 7 ' ' ' ' 0 p. exps. an d axes. ' ' ' .' $1,272,696 est due April 1, 1895, v. as not paid. See V. 60, p. 607. Net earnings ...... $1,026,612 $1,146,319 $1,161,648 Canada Atlantic.-O wns Ottawa, Canada, to Lacolle, Quebec, 138 · (67·25) (73·32) (72·86) P.c. op.exp.to earns. (72·61) 24,410 miles, with bridge over St. Lawrence; branch, South Indian to28Ott~wa 22,922 36,949 37,197 Other receipts...... - - - - River, 16 miles (opened in 1895); trackage to St. Albans,frommiles. Glen Leases for 99 years the Central Counties Ry., extending & Parry' Total net income .. $1,063,809 $1,183,268 $1,184,570 $1,297,106 778,055 Robertson to Hawkesbury , 21 miles. The Ottawa Arnprior 788,180 810,680 811,280 from Ottaw111 Interest on debt..... - - - - Sound Ry. is being built in the interest of this company 144 miles, $519,051 to Parry Sound, 248 miles, of which on the eastern end about $396,390 $372,588 Surplus over int.. $252,529 $328,896 Ottawa to Whitney, was completed and in operation in Dec., 1895~ $332,259 $323,281 Add cash assets..... $333,601 CAPITAL STOCK is $2,000,000. January, 1895, paid dividend of 4 p. o. BONDS.-Mor tgage is for $2,000,000 (Mercantile Trust Co., Trustee). to the N. Y. Stock See abstr~ct in V. 57, p. 639, and applicat!tm issued to exceed $15,000 ),J:xohange m V. 58, p. 1036. Bonds cannot be per mile of road completed and equipped. The mortgage is also a lien on ab.o ut. 89,394 ao~·es of.timber lands, estimated a~ worth $1,700,000. The sinkin_g fund will retire each year that proport10n of the outstand· mg b.onds mdicated by the yea.rs the bonds have _yet to run, purchas· a.bl~ m _the OJ,>en market, or subject to call at par m order of num.~ers, listed begmmng with the highest. On N. Y. Stock Exchan~e amount $103,· Jan. 18_, 1896, $.1,3?7,000; but total issued $1,470,000, of which 000 retued by smkmg fund. t $ $l 77 126 G 1895 -4 E L : ne , 88 , 562 , ·· · ·· ross, mos., ATEST ARNJNGS. 1894 .. · .. Gross, l09,085, net, 43,909 July 1 to Oct. 31. ANNUAL REPORT.-Si xty miles was openAd for business Oct. 1, Fiscal 1893 ; 15 miles additional in Oct., 1894, and 36 miles Oct., 1895. for the year ends June 30. The annual report in V. 61, p. 658, showed year ending June 30, 1895, gross earnings, $353,832; n et, $140,355; $34,706. year, for surplus $57,019; fund, interest, $48,630; sinking From accumulated surplus of $56,452, 21 months' operation, a div· idend of 4 per cent ($44,400) was paid. (V. 60, p. 480; V. 61, p. 658, 793, 1063.) . 1 Ce d ar Rapt d s & Northern.-O perates as follows· Burington l p:1e,:;:.~~i~-::...... .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis k https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~ ~ THE 8UFFALO & SUSQUEHANNA R. R. AND CONN ECTIN G LINES . Showing -220,00 0 Acres of Timber Lands depend ent on this Line for an Outlet to the Markets i r> Philade lphia, Etc. § rn ~ 0 ~ ~ 00 I ~ j .I ~ ,IANUARY, 1896 .] RAILRO AD STOCKS BONDS . AND of any error discovere d In these Tables. Snbscrlbe rs will conCer a great favor by giving Immedia te notice IBonds-Prl noiINTEREST OR DCVIDEND S. RAILROAD S. - - - - - - - -- - -- -- - - - - pal, When Due, Amount Miles Date Size, or Sto~ks-Laa t by and Payable, Where When per Rate Par Outstandin g of of Div idend. For explanatio n of column headings, &c., see notes Road. Whom. Bonds Value. _ _ _ _ _ _ Cent. Payable on first page of tables. 1 1 Canada Southern- Stock....... ..... . ............. . . 456 1878 ls.t mortgage for $14,000,00 0...•. . .•. . ......... . c 404 2d mortgage for $6,000,000 . . ............. ..... c&r 404 1883 Oanadian, Pacific-Sto ck (See text) ...... . .. .. .. . .. . Pref. stock for $8,000,000 , non-cum. (See text) .. r ···· Can.Cent.R R.1st and 2dmorts., lstM.s.f.,dr .at105 .... Quebec Prov. due on Q. M. O. & O. and N. S. RR . . .•. '82·'83 ... . 1881 Can. Pacific, land mort, gold (redeem at 110\.... 1st mortgage debenture sterling ...... •. .... .... 2,856 1885 1st mort. on Algoma Branch, gold ...... . ... c*&r 183 1888 1888 Land grant bonds, int. gu. by Can. Gov't .. . c*&r 1889 Consolidate d perpetual dehenture stock . . ..... . 213 1884 guar.g int. m., p. $12,000 R'y Col. W. Manitoba S. 1887 A.tlantio & Northwest -lstmort. gold, guar .. c*&r 325 . . . . ............. mortgage. st North Shore Railway-1 5 8 iS76 St. Lawrence & Ottawa-1s t mort., ~old, see text Ontario & Quebec stock guaranteed m p erpetuity Ont. & Que. deben., interest e:uar. in perpetuity . . Toronto Grey & Bruce, 1st M., gold, int. as rental. i90 i883 New Brunswick Ry.lstM.,g old,int.from rental.c* 174 1884 Perpetual consol. debent. stock, int. g uar . . .... . iss6 Oanastota No1·thern- l at mortgage .. •. ..• . . ..... . .. Oape Fear cl Yadkin Val.-lstM. ,series A,gold.c".iz;r ii5o 1886 73 1886 1st M., Ser. "B,' gold (2d on 233 m.) . ........ c*&r 82 1886 1st ., series C, gold (2d mort. on 225 miles.).c*&r Consol. mort. (te xt),$15,000 permile,go ld.c--&r . . 329 1889 1884 1012 Bennettsv. to 8. Car.Pac.(le ased) lstM.Sta te line Oarol-ina Oentrat-St ock . . ... . .... . ... . ......•.....• . 276 issi t).c* 237 tex (see 1st M .. ~old, (Wilm. to 8helby,240 m.) 1893 Shelby Division, 1 st mort. ($250,000) ..... ... . .. c 2d & ad M. ($1,500,000 each), g., inc., non·cum.r 237 1881 $100 $15,000,00 0 1,000 13,923,707 1,000&c 5,650,000 100 65,000,000 £1,320,000 £100&c $1,823,333 7,000,000 . ... 3,426,000 500 &c. £100&c 34,998,633 3,650,000 £100 &c £100&c $15,000,00 0 42,353,018 1:000 $2,544,000 £100&c £1,330,000 £99,600 £200,000 £5O&c $100 $2,000,000 £4,007,381 £719,000 .iioo £600,000 £100 £'317,872 $300,000 1,500,000 $1:000 734,000 1,000 820,000 1,000 1,868,700 1,000 104,600 100 &c. $1,200,000 2,000,000 $1:ooo 152,000 1,000 3,000,000 1,000 See text. F. & A. N. Y., Gr'd Cent. Depot. F eb. 1, 1896, J. & J. N. Y., Union 'l'rust Co. Jan. 1, 1908 5 Mch. 1, 1913 do do M. & S. 5 See text. A. & 0. N. Y., 59 Wall St. & Lon. Aug. 17, 1894 Oct. 1, 1895Office. s Co.' London, 0. & A. 4 per an. .1899 & 1910 Montreal. 5 & 6 Various r.l,1904·06 Ma do O. & See t ext. A. 5 g. A. & 0. Montreal,N .Y.orLond'n Oct. 1, 1931 1, 1915, July o. aringB.&C J.London,B & 5g. J. July 1, 1937 do do 5 g. J. & J . 1, 1938' July do do J. 312g, J. & J. & J. London, Comp'ys office. Irredeemab le. 4 1, 1934. June London & Wall 59 Y., 5 g. J. & D. N. 5 g. J. & J. London,Ba ringB. &Co. Jan. 1, 1937 1904, 20, Apr. do do A. & O. 5 See text. (6) 4 15J.&D. Can.Pac.off lce,London . 1895 ec., D London. and 6 per an. J. & D. Montreal J. & D. London, Morton, Rose. Irredeemab le. 5 4 g. J. & J. Toronto and London. July 26, 2882 Aug. 1, 1934 London. 5 g. F. & A. Irredeemab le. do J. & ,T. 4 July 1, 1906 J. & J. 6 June 1, 1916 See text. 6 g. J. & D. June 1, 1916 do 6 g. J. & D. June 1, 1916 do 6 g. J. & D. Oct. 1, 1919 See t ext. 6 g. A. & 0. A. & 0. N. Y., 4th N. Bank, &c. Oct. 1, 1914 6 4 J .. .&..J. J. & J. 6 6 g. J. & J. (6).g. See tex t. I Ju~~?:::~9 20 1910 & 1915 No1·thwest Railroa d, crossing the Sta t e of Maine, Tr11s• ,' 'l'o the Atlantic year ttll and on the western end 40 miles was completed. V. 59, p . roo.5. STOCK, tne Dominion Governmen t grants a sulJsiuy or $186,0oo pe rmoney, tee of mortgage of 1889 is Farmers' Loan & Trust Company. guaranta'ls the balance of intere,;t Pacific and Canadian 1906 end· year in EARNINGS preferred. $1,000,000 and common P n acific's. $2,000,000 St. Lawrence d': Ottawa bonds are endorsed witl1 the Ca nadia net, ing June 30, 1894, gross, $586,171, against $571,371 in 1893: of a 999 years' lease at a rental sufficient to pay 4 per cent acceptance p. 59, (V. $172,500. bonds, on interest $201,322; against pt interest $185,045, interest Oll bond~. and the bondholders' agreement to acce 696, roo5,) refrain from at 4 per cent (instead of 6 p er cent as formerly), andofto l ease ; the ma-. e continuanc during principal of payment demanding River Canada -Souther n.-( See Map New York Oentral cl Hndson turity or the bQnds is June ~5 , 1910. . has Railroad.J -RoAD-Ma in line from Suspension Bridge station, includ· 'i'hi, .New Brtmsw ick Railway consolidate d debenture stock t" ing the Cantitever Brid'ge to Windsor, Ont.. 226 miles; brancb,es tlie tlrs t mortgage bonds .. miles are · ln:terest guar-anteed by ,C. P .; inte t·est· on under Courtris.ht, Ont., etc., 230 miles; total, 456 milAl'I, of whichSt.98Thoma 990 year lease. rental of out paid is , guaranteed not though to s nominauy owued by proprietary companies. Trackage, CanLANDS.-La nds unsold Dec.31, 18l14, were 15,983,i26 acr es of grant London, Ont., 15 miles. Double tra ck, 98 miles. tand 1,099,813a cresof Ma nitolJa ~outh Western in 11dian Paciftc~ran and Kootenay grant. rotal sales in Cvlumbia of ORGANIZATION, CONTRACTS, ETC.-The Com~any wasInchartered acres 190,000 and Nov., 1882, Canada February 28, 1868, and debt readjusted m 1878. for from both grants, were 49,467 acres tor $159,631, against 107,348. 21 years 1894, for a, close contract was made with the Michigan Central $352,847 in 1893. V. 60, p. 609. acres Southern Canada to payment the for from January 1, 1883, providing GENERAL FINANCES.-Cn addition to 3 per cent dividend g uara nteedi · of one·third the joint income over all tlxed charges, but Mich. Central, by Governmen t till Au~ust, 1893, 2 per cent yearly was paid out of" two·thirds. by reduction of its interest charges, received more than tlve l oss of earnyears, earnings. Ip. Feb.,'95, dtvid,,ods were suspended owing to The contract provided for a re•apportio nment every 4 ,000 cons. de• South· ings. See V. :i6, p. 810; V. 60, p. 586. In V395 issued$1,07 C!J,nada the give to agreed Prior· and in December, 1892, it was paragraph. preceding a see stock preferred to As stock. $1,000, • benture iu. ern 40 per cent and the Mich. Cent. 60 per cent of the tlrst 1894 the interest upon the laud•grant bonds was not included acr4nt g 000 of net earnings, any amount over that to be divided on the basis to nd la to charged was but earnings, from paid Southern's the charges ed. rg a ch of one•third and two•thirds, as before. This adds to Canada count. Beginning in 189!, however, this interest has been share just 12 p. c. per annum on its capital stock. V. 55, p. 1078. against the income of the road, increa sing the nxed cha r ges by just so'96 93' '94 '95 '90 '91 ' 9 2 DIVIDEND S.- 1888 '89 much. See V. 60, p. 608. elow. B 212 3 3 3 12 2 12 3 212 212% ... . .. Since 1887 EARNINGS .-11 months, i 1895 ... Gross, $17,016,42 1; net, $6,~06,486 In 1896, Feb. 114 p. c. 51894... Gross, 17,197,314 ; net, 5 ,83!,8 66 1 to Nov. 30. Jan. York New the by B 1>NDS.-Int erest on the 1st mortgage is gu a ranteed ANNUAL REPORT.-F iscal year ends Dec. 31. Annual meeting is held Central till 1898 but the principal is not guaranteed . V. 56, p. 696. a.t Montreal on the first Wednesday in April. The report for 189-! in. showed 1106) p. 61, V. (in 1895 for figures dvance REPORT.-A ANNUAL p. 603, 608, See also editorial p. 586. di vi· run was in V. 60, 1892. 1893. 1894. Canada So. sh a re of ea rnings $804,000; other income, $18,800; , Yt a.r ending Dec. 31. 1894 for eport R 6 015 52,200. $ year, 6,327 for deficit 6,344 balance, December 31. . deuds, $375,000: as M:U1:1s operated $ 5,556,316' $5,656,205 $4,840,412 .•.......•• . in V. 60, p. 1007, showed Canada Southern's share of n et earnings arnings P.assengere in• balance $7,413; 13,330,540 income, other 12,673,075 1893; in 11,445,378 ....... . $287,808, against $456,648 · -Freight . . . . . . • . . . . . . . . . laneous 2,522,4962,633,037 2,466,377 cdme previous years, 190,601; total, $485,822; dividends $375,000; Michig-an ·Mall,expr's sandmiscel --·----total surplus Jan. 1, 1895, $110,822. For latest earningsV.see 61, p. 1087, Central.-(V . 59, p. 1103; V. 60, p. 711, 1007, 1144; Totalearnin gs••..••••.•••• • $18,752,16 7 $20,962,31 7 $21,409,35 2' 2. 1106.) Total earnings ..•.......... ... $18,752,16 7 $20,962,31 7 $2l,i09,35 12,989,004 . 13,220,901 on 1Jperatin11; expenses. .. ........ 12,328,859 60•ti7 Canadian PacUlc.-R oAD-Own s from Montreal to Vancouver 63·07 65·75 earn'gs. to exp. oper. of ct. Per branches the Pacific Coast in British Columbia, 2,905 miles. There are of leased $ 8,420,348 and auxiliary lines owned of 1,162 miles, and 2,344 miles tly $7,741,416 for ao- !'i et earnings .•.•••......• ..... • $6,423,308 203,603; lines; 56 miles used jointly; 776 miles operated independen 209,8 63 333,826 the Interest on deposits .......... _ making RR., Edmonton & Calgary oount of owners, including the · ---·,623,951 8 $ whole system on January 1, 1895, 7,242 miles, of which 6,392 included $7,951,279 $6,757,134 102,018in tra.ttlo returns and 59 miles under constructio n. $5, $5,338,597 $6,589,379 •.• .............. . charges Fixed Also controls the Minneap. St. P. & Sault Ste. Marie (1,175 miles) com 69,1,487 Paul and Contingent interest ........•.. 1,soo",iioo pleted Sept., 1893, affording a direct route from the West to St.584 2,215:000 ........ . ... . ... . ..•. 1,881,960 Minneapol is; also controls Duluth South Shore & Atlantic, see. miles, Dividends which Winnipeg$2,221,933' and in February, 1893, acquired Duluth & $337,682 $2,408,692 def. ..... . ... . .... .. Balance That part of the Toronto Hamilton & Buffalo from Hamilton to To· Total surplus Dec. 31, 18!-14, $2,739,793 .-See V. 60, p. 587. ronto will, it i s s aid, be operated by the Can. Paciflc.-Se e V. 61, p. 753. -(V. 60, p. 39, 586,603,6 06,608,87 3; V. 61, p. 753.) Do• HISTORY, ETc.-Incor porated Feb. 18, 1881, under charter from also Cape Fear & Yadkin Valley.-r n operation from Wilming~ lt-1, e t c . • minion of Canada, receiving $25,000,00 0 in cash as a subsidy, ton, N. C., to Mount Air7, 248 miles; branches to Bennettsvil Ontario · ·rhe settlement. for tit be to all land, of acres, . total, 3313 miles, o which 10 m. leased. Mostly 50·pouud s teel. 25,000,0Q0 m.; 90 1883 leased,in & QuebAc, -Montreal to Toronto Junction, ~34 miles, was RECEIVER .-Mar. 31 ; 1894, Gen. John om ·was appointed receiver. . [n .July, 1890, for 999 years, and its stock and bonds guaranteed Foreclosure s uit pending . leased the New Brunswick Ry. for 990 years.-(Se e V. 51, p . 113.) B lackford , BONDHOLDERS' COi\11\UTTEES.- Ihrst M01·tgage- W. H . B. t an annu• Gordon STOCK.-Th e company bought of the Dominion Governmen H. Perot, John A. Tompkins, Frank T. Redwood, Basil W. the 1893, 1884years en t the for stock the on annum C11. of per c. p. 3 Deposit ity of Trust & stock for and J. W. Middendorf ; depositarie s, Mercantile "Baltimore the is las t payment having b een made in August, 1893. Preferred This Y. N. Co., Trust & Loan Baltimore or Farmers' au• was tive, non•cumula be and interest cent per 4 bear to , $8,000,000 Committee .'' V. 58, p. 1034 . Low, thorized by stockholder s May 10, 1893, for improv. and equip.; but only .First Mor-t,q age "Series A"- the New York Oom m i ttee.- C. A. " bonds. £1,820,000 of this issued to July, '95. George F. Baker and William E. Strong represent "Seriess A in 5; 1884, , ies. in "Se ot' cent; per interest 212 1883, in conflicting and common separate paid-On the DIVIDENDS a s distinguis hed from 1890 to Band l> nds. 188n, 4; rrom 1886 to 1889 inclusive, 3 p. c. yearly; from C," and in January, 1896, offered to purchase " Series B ." 39. from it of cent p , per 6i 2 V. only cents. but 40 at yearly, bonds cent "C" per 5 and r on the dolla 1893, inclusive, April, none. at 50 cents earnin~s ; in 1894, Feb., 212 p. c.: Ang., 212 p. c.; in 1895, REORNANIZATION PLANB.-Th e plans of the two committees were ClOm, See V. 60, p. 391. On preferred in Oct., 1894, at rate of 4 p. c. per an- pared in V. 6L, p. 1153, s ee also V. tit, p. 830 and V. 62 , p . 39. Th& num; in 1895, April, 2 p . c.; Oct., 2 p. c. plan prov ides for a r ental from the Southern Ry. equal ato May, New York s u gges ts n BONUS, DEBENTURE STOCK, GUARANTEED BONDS, ETC. - In interes t on at leas t $1,500,000 bonds ; the Baltimore pla nonds Mani• in operate to be is · to right exclusive its d 1888, the company relinquishe gu a,rant:v by tlle Seaboard Air Line on all the b Gov• interesi. t e., . toba lines to the Internation al Boundary, receiving the Dominion $3,900,000 ued, s bonds grant land of 0 $15,000,00 on ermnent guarantee of interest STOCK autho!.'ized, $3,000,000 ; outstanding , $1,972,900 , or which only to $3,· These bonds are a lien on 15,444,200 acres of land sub1ect 110. July 1, l892, North State Improveme nt Co. held $1,60d,000 . at 426,000 land ~rant bonds of 1881, which are redeemableV. 58, p. 596. BONDB.-D ecember, 1893, coupons were pnrchased by F a rmers L. & As to consolidate d debenture stock see V. 49, p. 116. were not paid. For lii,;t of securities held against the debenture stock Dec. 31, 1894, T. Co., acting as agents. June, 1894, coupons gross, see V. 60, p, 610. ANNUAL REPORT.-F iscal year ends June 30. For 1894-~5 was 1904, and 1902 in deficit, $130.043. The Qtiebec Province 5 per cent loan, maturing $480,987; net, $77,423; charges, $207,4 66: balance, p. equal two in 1008, 794, payable 522, rate) 60, erage v (V. (a cent per $124,284.20 1 et, n 4 at 1894 $477,524; in , gross extended [n 1893·9 l, .instalment s Match 1, 1904, and March 1, 1906. 1103; V. 61, p. 865,558; 749, 830, 870, 966, '1153; V. 62, p. 39.) interand principal e th. iarantee t g· to agreed company · 1890, June, In Carolina Central.-O wns from Wilmington , N. C., to Rutherford Shore est of $20,000,00 0 4 per cents, to be issued by the Duluth South N. C., 267 miles, of which 2¼3 miles (the Wil. R. Bridge) owned ton, Paul St. s Minneapoli the of bonds on interest cent per 4 & also & Atlantic; Jointly. Sold in foreclosure May 31, 1880. Controlled by Seaboard & Sault Ste. Marie. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608.) 01 Roanoke ana Raleigh & Gaston. the Dul. 8. 8. &At. comols it owned Jan. 1, 1895, $14,600,00 0. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis d! 22 INVESTORS' SUPPLEMENT. [VOL. LXIL Subscribers wlll confer a e;reat favor bv e:iving tnunediate :11otlce of any P.rro ... -:l~!lcovered in these Tables • .Btmda-Prlnct · P..AILROADS. Il~T:EREST OR DIVIDENDS. Miles Date Size, or pal,When Due Amount Rate per When Where Par Outstanding of F·or explana-tion of column headings, &c., see notes of Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. Carolina Oumb. Gap d! Ohic.-lst M., gold .. ... c*&l' Oarotina Midlandr--B. A. & N. 1st mortgage ...... c First mortgage, $720,000 ................... .. .... Ocirson d! Ootorado-lst M. for $3,500,000,g.,s.f.c* &r Oarthage d! .Adir.-lstM. $1,600,000 g .. gu.p,&i.c*&r Carthage Water.cl! Sack.Har.-lst M. g.,gu.p.&i.end.. Oatasauqua cf: Ji'ogetsville-Debs. ext., g., 88' & '93. Oatawissa-Pref. stocks, 7 p . c. gu. P. & R. See text ti1!ftJi~. !~!1I!ieci' by ·:ewa·deiphia &."ReaiC:: :~ Improvement bonds ................................ Oatskill .Mountain-First mortgage ................. --- --25 1882 1888 ---- 1891 ---- 300 43 1892 1892 1891 1878 93 isfo .... ·os ...... ·16 ·34 1882 1885 1st income bonds ............... .. .. . ... ........ .... 1885 O':lf!ga d! Sus~-Stock, 9 ~- c. rental D. L. & W .... O rFallsd! inn.-Bon son2ddiv.sink.fund.o* 61 i866 Oent. Br. U. P.-lst M. Atch. & P. P. RR., gold ..... c 100 1865 Fund int. (mort.) bds. (coup. held in trust) gold.o 100 1879 2d mo~age (Government subsidy) .. .. .... ....... 100 ' 66·7-8 Central assachusetts-lst mortgage . ............ c"" 99 1886 New bonds, $500,000 .............................. 1895 Oentrat N.Y.cf: Western-1st mort. $1,000,000, g .. c* ...... 1892 Oentrat Ohio-Stock ($411,550 of this is preferred). Con. 1st M. (for $2,850,000) now 1st lien, gold .. c fa7 iss6 Oentrat Pacijlc--Stook for $68,000,000 .............. ..... 1st M., ser. A, ext. 1895, subj. to call, gold, 5s ... Text. is65 1st M., ser. B to I, incl., gold (see text) ...... ...... Text. 1866·8 1st M. 8. Joa~uin Val. Br., g. (s. f.) not drawn ...... 146 1870 U. 8. Loan (2 lien on certain terms) .............. 737 --·· do do ..... 737 ·····-·····--do do .................. 737 . ..... do do ·----- ---·-- -- 737 ...... do do ................. 737 . . ... ---- $1,000 500 1,000 1,000 1,000 30 1,000 50 500 &o. 500 $375,000 150,000 570,000 2,000,000 1,100,000 300,000 135,000 3,200,000 1,300,000 230,500 . ........ 500,000 .... 50,000 238,000 .. 30 589,110 500 &c. 1,377,000 1,000 1 ,600,000 1,000 630,000 1,000 1,600,000 1,000 2,000,000 ........ 100,000 1,000 242,000 50 2,860,048 1,000 2,500,000 100 67,275,500 1,000 2,995,000 1,000 22,883,000 1,000 6,080,000 ....... 2,362,000 1,600,000 ......... 2,112,000 10,614,120 ........ 9,197,000 ----------- 6 6 6 4 4 5 6 g. M.& N. In default. F. &A. A. & 0. g. J. & J . Iiiiie:rauii. g. J. & D. New York City. g. J. & J. N.Y.,Grand Cent.Stat'n g;. J. & J. Catasauqua, Pa. an. M.& N. Philadelphia Co.'s office F. & A. Phila., Phila.& Read.Co. F. & A. .Phila., Phil. & Read. Co. 7 per 7 6 7 5 6 9 per an. 7 6 g. 7 g. 6 5 5 5 g. 6 per an 412g See text. See text. 6 g. 6 g. 6 g. 6g. 6 g. 6g. 6 g. --·------- F:·&·A. F. & .A. J. & J. J . & J. M.&N. M.&N. A:·&--0. ..&.. J. J. J. & J. M. & S. See text J. & J. J. & J. A. & 0. •J. & J. J. & J. J. & J. J. & J. J. & J. ---------- C'skill,N.Y., Tan.NL Bk. Dividend paid in 1893. New York, 52 Wall St. Last paid July, 1887. Nov., '93, coup. last pd. Nov., '93, coup. last pd. U.S. Treas., at maturity. Boston Office & Int. Tr. Boston. New York, 54 Wall St. Balt., at B. & 0. office. N. Y., Union Trust Co. N.Y., S.Pac.Co., 23 Br'd. do do do do do do United States Treasury. do do do do do do do do Nov. 1, 1912 Feb. 1, 1908 Oct. 1, 1931 July 1, :1941 Dec. 1, 1981 July 1, 1931 July 1, 1898 . Nov. 20, 1895 Feb. 1, 1900 Aug. 1, 1902 Aug. 1, 1929 Aug. 1, 1905 Aug. 1, 1915 Jan., 1896 Jan. 2, 1907 See text. See text. 1897- 1898 Oct. 1, 1906 Jan:;-:_i:;·i943 Jan. 31, 1896 Set.1. 1930 ee text. Jan. 1, 1898 See text. Oct. 1. 1900 Jan. 16, 1895 Jan. 1, 1896 .Jan. 1, 1897 Jan. 1, 1898 Jan. 1, 1899 BONDS.-In August, 1894, the Seaboard Air Line guaranteed 4 p. c. STOCK.-$1,000,000 (par, $100), of which Un. Pao. owns $874,200. per. annum for 5 yel;trS on the firsts, giving non•cum. 5 p. c. income I BONDS.-Atchison & Pike's Peak first 6s for $1,600,000 and funded, scrip for t.he _remainin~ 2 p. c.. V. 59, p. 331, 600. There are also interest 7s, $630,000,fallin~ due May 1, 1895, were not paid, and it was $67,000 Wilmmgton Ra1lwayBr1dge 1st mort. bonds ($35,000_due Oct. said the trustees of the 6s had been requested to institute foreclosure 1, 1896i and $32,000 due Oct. 1, 1897), guaranteed by Carolina Cent. proceedino-s (V 60 p 1144) Wil. Co . & Aug.and Wil. & Weldon. A consol. mort. for $250,000 upon "' · · ' ·. · the bridge was authorized in 18~3 to retire the lsts as they mature, etc. EARNINGS.-On 100 miles. 5 1895, gross, $298,915; net, $91,956. Current1iabilities June 30, 1894, $L35,059. Jan. 1 to Nov. 30-11 mos. t 1894, gross, 354,026; net, 121,623. EARNINGS.-In year ending June 30 earnings have been as follows: , In year 1894 gross on the 100 miles Atchison & Pike's Peak were Gross Net Oha1•ges Balance $376,160; net, $91,760. In 1893 gross, $J84,620; net, $143,619; other 1894-95 ............ $508,00t $94,758 $156,067 def. $61,309 income, net, $~,623; interest on bonds, $140,100; U.S. charges,$15,119; 1893-94 ............ 490,289 105,008 424,444 def. 319,436 bafance, defimt, $5,977. In 1892 gros~, $609,509; n~t, $243,733; 1892-93 .... ........ 504,193 106,673 148,824 def. 38,151 surplus ov:er charges, $90,451. For earnmgs of leased lines see Atch. -(V. 58, p. 1109; v. 59, p. 28, 228, 331, 600.) Col. & Pacific. (V. 60, p. 1144; V. 61, p. 924.) uarollna M1dland. Ry .-Owns roact. m operation from Allendale, Central 1'.lassachusetts.-Owns North Cambridge to NorthampS. C., to Severn, S.C., 55 miles. A consolidation in 1891 of the Barnwell ton, Mass., 99 miles. The stock is $7,419,202 (par $100), ot which .and the Blookville Alston & Newberry RR. cos. Stock, $540,000; par, $3,949,102 is preferred and controls the company until 8 per $100. Bonds at $12,000 per mile were authorized in August, 1891. cent dividends shall have been earned thereon in any one year. DIVI· EARNINGS.-Year 51894·95, gross, $51,349; net, $15,330. DENDS-:-~n settlement of certain accounts with Boston & Mame an July 1 to June 30. t 1893-94 gross 58 970· net 14 849. I extra dividend of 112 per cent was declared on preferred payable Jan. ' ' ' ' ' ' I 2, 1896. Leased to Boston & Lowell for 99 from October 1, 1886, Carthage & Adirondack.-( Bee Map N. ,Y. Oentral.J-O~s from at a rental of 20 per cent of gross earnings years up to $1,000,000, but with Carth!),ge to Benson Mines, New. York, 43 miles. Exte~sion of a guarantee ot sufficient rental to pay intereRt. New issue of $500,000 312 miles to Newton Falls completed m October, 1895. The ent1re stoo~, bonds authorized by Legislature in 1895, of which $100,000 were issued $500,000, is owned by the New York Central RR., w}lich in April, to Boston & Maine for claims to April 1 1895.-(V. 61 p. 1063 1106) 1893, leased the property in l_)erpetuity and guaranteed its $1,600,000 ' ' ' · of new 4 per cents, of which $500,000were reserved for improvements Central Nel.v York & Western.-RoAD.-Belfal?t, N, Y., to Per• or extensions if desirable. In year 1892·93 gross earnin~s. $133 080; kinsville, 41 miles; branch to Hornellsville, 11 miles; .Angelica, N. Y., net, $48,775, against $48,273 in 1891-92. (V. 56,p. 502; V. 57, p. 218.) to Olean (narrow gauge), 40 miles; total, 92 miles ,of which ouly a part <Jarthage Watertown & Sacke-.:Ps ttarbor.-(See Map N. Y. in operation. Tile narrow-gauge division was being made standard. Oentral.J-Owns from Carthage to sacket1i's Harbor, N. Y., 30 miles. Successor i~ December, 1892, to Lackawanna & ~outhwestern, sold in Controlled by N. Y. Central, which owns $477,600 ot the stock and foreclosure m lti92. V. 55, p. 977. Sto~k authorized, ,$1,000,000. On guarantees the bonds. Leased to R. w. & o. for 3712 p. c. of gross June ?O, 1894, bonds for $108,000 were m treasury; bills payable were earnings. Rental 1893·94 $54,790. Capital stock $465,845 common $71,839; open accounts, $39,102. and $21,500 preferred. j EARNINGS-For year ending June 3~. 1895, gross, $71,478; net Cata-wlssa.-Owns from Tamanend, Pa., to W1111amsport, Pa., 93 $4,042; charges, $15,119; balance, deficit, $11,077. In 1893-94 gross, miles, and branch, 4 miles. Leased Nov. 1, 187~, for 999 years to Phil. $65,002; net, $4,430. Balance sheet of June 30, 1894, V. 59, p. 650. & Reading. Rental, 30 pet ct. of gross earnings and $8,000 for organi• Central Ohio.-Owns from Bellaire, Ohio, to Columbus, Ohio, 137 zation expenses. Funded debt was assumed by lessees. There are als~ chattel mortgage 5s due . 1900 $24,500; 7 per cent improvement miles, of which Newark to Columbus (33 miles double tracked) is owned bon:ls due Aug. 1, 1929, $500,000. Seven per cent is guaranteed on pre- jointly with Pittsburg Cin. Chio. & St. Louis; operates branch, 7 miles. Lease of Colorado & Cincinnati Midland was assumed by B. & o. ferred stocks, of which $2,200,000 is first pref. Common stock, $1,159,· 500, nar $50. In 1892-93 rental $338,830. LEASED to Baltimore & Ohio till 1926, with option of renewal', rental Catskill Mountain Rallway.-Owns narrow-gauge road from 35 per cent ot gross earnings, with minimum guaranteed of $166,000 Catskill, up the Catskill Mountain, to Palenville, N. Y., 16 miles; leases rental in 1894·95, $383,811; in 1893·4, $374,300 ; in 1892·93 $464,399. Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles. DIVIDENDS on common stock since 1880 have been: In ).881, 6¼; Reorganization after foreclosure or June 15, 1885. Stock, $89,000; from 1882 to January, 1896, both inclusive, 6 per cent yearly, par, $100. BONDS.-There are also second incomes for $1~_,600 6 p. c. EARNINGS.-In 1894·95 gross, $1,098,611; n,et, $206,833; in 1893·94 First incomes have one vote for eaQ}l $100. EARNINGS.- l'. ear ending gross, $1,069,428; net, $166,658; in 1892-9a gross, $1,326,854; net, June 30, 1894, gross, $44,557; net, $15,613 ; surplus over charges, !ji240,043 ; interest $ll2,500; taxes, $21,000. taxes, etc., $7,575. In 1892·93, gross, $49,482; net, $21,803. From earnings of 1892 pa.id $8,585 on first incomes in 1893. Central Pacific.-( See Map of Southern L'acijlc.)-LINE OF ROAD. Cayuga & Susquehanna.-Owns from Susquehanna River to Lines ownedMiles., Miles. Ithaca., N. Y., 34 miles. . Charter expires in 1899. Leased till then to San Francisco, Cal., to near Branches to San Jose, etc ....- 35 Oelaware Lackawanna /fr Western at a rental of $54,600 a year. Ogden, Utah.. ... ..... . . . . . . 8721 TrackageCedar Falls & 1'.linnesota.-Owns from Junction near Cedar Lathrop, Cal., to Goshen, Cal. 146 Northt:>rn Ry,, Main Line .. ... 6 Fa.Us, Iowa, to Minnesota State Line, 76 miles. · Roseville Junction, Cal., to Union Pacitic into Ogden.... 5 Oregon State Line.......... 2961 LEASE.-Leased to Dubuque & Sioux City for 40 yea.rs from Jan. 1. 1867, at minimum rental o:r $113,370 per annum. See V. 51, p. 493. Total ........... _....... .... . 1,360 Interest wae defaulted January, 1888, and on Jan. 1, 1896, coupons LEASE.-In March, 1885, leased to Southern Pacific Company. In due from Jan. 1, 1888, to July 1, 1894, both inclusive, were paid with Dec., 1893, lease was so changed that henceforth the Central Pacitic interest at office, 214 Broadway, N. Y. Coupon due Jan. 1, 1895, was stockholders should receive dividends cmly if earned. (V. 58, p. 819.) pai<l :i 7 of its face value. V. 61, p. 1154. Stock, $1,586,500, par $100. In March, 1895, Mr. H _u ntington undertook on behalf of the Southern In .April, 1895, the Illinois Central had secured control of 1,he stock. Pacifiu that tbe Central Pacific shareholders should receive a minimum (V. 60, p. 794.) Litigation regarding lease still pending. dividend of 1 per cent, guaranteed by the l"O. Pac.-the first payment In Nov., 1894, the "Illinois Central offered holders of C. F. & M. 7s, of 12 of 1 per cent to be ma.de on July 1, 1895, and the second payment with Jan. 1, 1888, and subsequent coupons attached, $1,120 in Illinois Jan. 1, 1896. That the same rate of dividends shall be continued until Central 4s (secured on 142 miles of Dubuque & Sioux City main line) satisfactory legislation has been obtained for the adjustment of the for each $1,000 of the 7s. See provisions of Illinois Central Western debt to the Government, when the dividend will be increased to 2 per lines 1st mortga~e under "Illinois Central.'' On Feb. 1, 1895, bolder~ of cent for a guaranteed period 01 t~ o years. (V. 60, p. 1144.) certificates for oonds deposited under this arrangement were paid SUBSIDY.-Interest is not payable on subsidy loan till the bonds 7 months' interest on same, being $26·1i on each $1,000 of C. F. & M. mature, but the" Thurman" act provides for payments yearly to the bonds. V. 60, p. 82. sinking fund. See V. 50, p. 276. Jan. 1, 1896, principal due GovernEARNINGS.-ln year 1893·94 gross, $113,055; delic1t, after paymenli ment on C. P. loan was $25,885,120; interest, $34,569,126; on Western or liaxes, $28,225; rental, $113,370; loss to lessee, $85,145. In 18~2-93 Pacitl.c loan, principal, $1,970,560: interest, $3,136,832. Par value of gross, $118,346; deficit under operating taxes, $16,436. V. 59, p. 919; securities in U.S. sinking fund Jan. 1, 1894, $5,176,500. There are con. V. 60, D, 82, 794, 1154. siderable claims against the U. 8. for transportation on non-aided linEls. Central Branch Uuion Paciflc.-vwns rrom Atchison, KaR. to DIVIDENDS-From Feb., 1888, to Feb., 1893, inclusive, 2 p. ct. yearly, Waterville, Kan., 100 miles; leases Atchison Colorado & Pacific, 255 rn Sept., 1893, 1 p. o.; in 1894, none; in 1895, July, 12 per cent; in 1896, miles; Atchison Jewell County & Western, 33 miles. · Jan., 12 per cent s~e "Lease" above. ORGANIZATION.-United States subsidy was $1,600,000. Controlled BONDS.-Of the first mo1·t[Jage 6s of z865-8, Series A to D, aggregating by Union Pacrfl.c, but leased to Missouri Pacific for 25 years from $6,!'l78,000, cover the road and franchises from Sacramento to tlle Sept.. 30, 1885; rental, ne;t earnings. Accounts payable Jan. 1, 1895, California State line,140 i miles, and Reries EtoI,aggregating$19,· $1,886,641; interest.on Government loan accrued and unpaid Jan. 1, 505,000, cover the road and franchises from the State Line to five miles 1896, $2,110,991; prmoipal is $1,600,000. The November, 1893, in- west of Ogden, 598 miles. "'eries A, $2,995,000, 6s, extended from terest on Central Branch 7s and Atchis on & Pike's Peak 6s was paid in .tuly 1, 1895, to Jan. 1, 1898, at 5 per cent; but subject to call at par, t!!¥f'~nl~itfo.:.1ay, 1894, and subsequent coupons remain unpaid. in which case, however, interest shall be adjusted to 6 per cent inst.,ad of 5 from July 1, 1895. Series B, C and D, aggregating $3,383,000, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I I I 23 RAILR OAD STOC KS AND BOND S. JANUAR Y, ·1896, l iate notice of' any error discove red In these Tables. Subscri bers -wlll confer a great f'avor by giving lrnrned Bonds-Pr 1no1INTERE ST OR DIVIDEN DS. pal,When Due • RAILRO ADS. Miles Date Size, or .Amount Stocks-L ast by and Par Outstand ing Rate r,er When Where Pa'yable, of of Dividend . Whom. For explanat ion of column headings , &c., see notes Road. Payable Cen. Bonds Value. on fl.rat page of tables. --- -- --- I Central Pacific- ( Ooncliided )6 g. J. & J. N. Y., S.Pac.Co ., 23 Br'd. g. 123 1869 $1,000 $1,970,0 00 do do West.Pac ., San Jose to Brighton , Cal., series A, 6 g. J. & J. 765,000 1,000 24 1869 series B, 1st M., to Oakland , gold .... . do 6 g. Various United States Treasury . 1,970,00 0 1867-9 ., 23 Br'd. S.Pac.Co Y., N. J. Governm ent lien, gold. ..... ·-········ ·· 123 & J. g. do 5 0 5,982,00 1868 yearly, 296 Cal. & O. 1st M., ser. A, g. (exte'd) s. f. drawn 5 g . J. & J. N. Y.,S.Pac. Co.&Lon don 4,358,00 0 1,000 .. 296 1872 do ser. B, g. (exte'd) not Do 5 g. A. & 0. N. Y.,So. Pac. & London. 2,598,00 0 .... 1870 1,000 do do Land grant 1st M., gold, guar., extended in 1890. 6 g. A. & 0. 56,000 1,000 Mort. gold 6s, 1936, ld. gr. s. f., not drawn .. . . ... l,~160 1886 5 g. A. & O. N. Y. & San Francisco . 00 11,000,0 1,000 1889 dr'n.c York. New Mort. !old, 5s, 1939, ld. gr.,,uar. , s. f., not 4 400,000 .. . .. . ·&:. J. July,'94, int. tobeadj' d. . --. Notes ue land grant fund ( 500,000 due yearly.) 5 g. J. . 620,000 1,000 .. ~.c* ·si 1886 Oent. Pa.~ West'n.-W ilkesb. & West., 1st .M be: will reorg fter a Oent. of Georgia Ry.-Sec urities 5,000,00 0 ...5.g. F_- ·&A. .. c* · -·· New York. Stock . . .......... ........ . .. .. ... ···-·· .....•.... 7,000,00 0 312 1895 do 1st mortg a~e, $7,000,0 00, gold .......... . .. . c&r* 5 g . M.&N. 00 16,500,0 1,000 t. 1895 Tex .... .. ...... . . old g 000, $18,500, $age, do mo~ l. o Cons_ 5 g. J. & J. 1,000,00 0 1,000 124 1895 do Mobile Division 1st mortgag e .. . . ... . .. ..... ...... 106 J. & g. 5 J. 840,000 1,000 1895 gold.c* , $840,000 mort., 1st Div. North. when earned & York, Macon 4,000,00 0 Upto 5 Oct. 1 New 1,000 up to 5 p. c., c* .... 1895 do do 1st pref., incomes } Interest earned, 7,000,00 0 Upto 5 Oct. 1 1,000 1895 .... * c if do do do 2d do 4,000,00 0 Upto5 Oct. 1 1,000 c* ---· 1895 non.cum ulative. Tr. Co. & do Security Y., N. 3d do M.&N. g. 5 0 4,880,00 1,000 1887 .... c• 110. at ble redeema gold, bonds, trust l Collatera Co. &Tr. Security Gum·ante ed, etc., secw·ities . N.Y., J. & J. 0 g. 1,000,00 1,000 1890 Savanna h, Ga. Ocean SB. Co. 1st mortga6 e, gold, guarante ed... c ·53 J. & J . 1,032,20 0 100 .. .. Macon. nd a h Savanna Augusta & Savanna h stock .......... ....... . ...... 332 J. & J. 5 0 5,191,10 100 t. ---Southwe stern of Georgia stock . .......... . _...... .... 100 22,497,0 00 See text. Q.-F. N.Y.O.ff., 143 LibertyS Oent. RR. of N. Jersey-S tock ($30,000 ,000 author.) M.&N. N. Y., Liberty Nat. Bk. 7 1,167,00 0 1,000 is72 .... 1874 of e mortgag ated do do Bondslls ecured by consolid ~.-.T. 7 3,836,00 0 1,000 ... c* .... 1874 do do Conso dated mortgage (now first mortf~ ) 1907 M.&N. 6 465,000 1,000 6 1883 ... do do Convert. debentur es, corrvert. into stoc &D. J. 7 197,000 1,000 1869 Long Br. & Sea Shore 1st m., Sandy Hk to L. Br.c* i·,ooo ! i:ooo g I July July 1897 Jan. Jan. Oct. Oct. Apr. Oct. July 1, 1899 1, 1899 & 1899 1, 1918 1, 1918 1, 1900 1, 1936 1, 1939 1, 1895 1, 1926 Nov·.· ·i;·i945 Nov. 1, 1945 1945 Jan. 1, 1946 Nov. 1, 1945 Nov. 1, 1945 Nov. 1, 1945 May 1, 1937 July 1, Jan.15, Jan. 14, Feb . 1, Nov. 1, July 1, May 1, Dec. 1, 1920 1896 1896 1896 1902 1899 1908 1899 miles of railroad and tern and will be an absolute first lien upon 579 & nt and the leases of the South Western and .Au~usta equipme its due fall 000, $15,508, G. H. and I, aggregat ing stock of the New England Steamsh1 p Com• l and interest by the Savanna h roads and the $13,e aggregat e mortgag ated consolid The 5 per cents o.f 1880 are guarante ed principa the to 000, the Metro- pany. The liens prior Southern Pacific Company ; the mortgag e is for $16,000, Mercanti le Trust Co. of New York. 49, p. 340.) Uf the 720,000. Mortgau e trustee, politan Trust Co. of New York being trustee. to (V. 8onds are direct obligatio ns of the Central of Georgia Division Mobile any maturity at retire reserved are 00 amount authoriz ed $2,250,0 lien on the former Mobile & Girard RR., Columand $2,750,0 00 can be Ry., secured by a first.Ala., 122 miles. land grant bonds not rede ~med from land sales, to Sea.r ight, Ga., bus, the which on property of purchase or ment obligatio ns of the applied only to the improve Macon & Northern Division bonds are also direot .5s of z900 carry the mortgag e shall have a first lien. The land grant have a first lien on the road from Ma.con to A.thens, they Ry.; Central interest. and l Southern Pacitlc's guaranty of principa none of the bonds are Ga., 105 miles. e income bonds, subject to the prior mortgage s. cover Several of the loans have sinking funds but holdings The prefet•eric of the sinking subject to call before maturity . '.rhe totalgrant of the former Savanna h & Western, Columfund-wh ich see be- the main line and the lines funds on Jan. 1, 1895, exelusiv e of tho land So. Pac. ery & Eufaula and Savanna h & Atlantic railMontgom Rome, & bus 6s; 1st M. N. or 00 and appurten ances; also all low-wer e $9,220,0 74, including $2,035,0 00 Guate- roads, and their equipme nt, vroperty $2,926,3 50 l:!outhern Pacific Co. l:!teamsh ip first 6s; s$1,788,0 equitieA of propertie s acquired by the new and s securitie s, leasehold in $676,891 and securitie exceedin g 5 mala Central RR. :first gold 6s; also other company . The~ are non-cum ulative and bear interest not cash. but payable only out of net earnings 00 acr,es, of whicb per cent in any one fiscal year, tr!-1-st. of LAND GRANT. -Total land grant was about 12,000,0 deed the r 31, 1894. Sales in as declared and Recured bye abstract was m V. 51, p. 571. a.bout 2 840,000 acres had be~m sold to Decembe Oollatera l tt·u.st mortgag on net, $416,189 . 1894, 48,107 acres; cancellat ions, 30,764 acres. Land contracts LATEST EARNING S.-3 mos., c1895 . Gross, $1,284,8 55; notes of Oen tral 29; 51894.G ross, 1,193,10 5; net, 412,121. hand January 1, 1895, $973,984 ; cash, $1,793,7 July 1 to Sept. 30. 1894). in 00 $1,000,0 (against Pacific RR., $400,000 the ANNUAL REPORT .-Fiscal year ends June 30. For year 1894-95 net, $3,981,6 43. EARNING S.-10 months, 1895, gross, $10,874, 976; earnings of old company as follows: 51894, gross, 10,956,7 13; net, 4,l35,l75 . receivers report Jan. 1 to Oct. 31. $134,700 Burp.fro m Cent.RR .sys.$1,5 33,574 Inc. from other sources. .ANNUAL REPORT .-Report for 1894 in V. 60, p. 967, 969, showed: 6,142 From Banking Dept. ... 1892. 1893. 63 1894. $2,258,2 . . .......... income Total Receipts and ps $14,746, 652 Surplus steamshi 135,945 Gross earnings .......... ....... $13,118, 245 $14,319, 908 $9,526,6 96 258,947 Taxes.. ..... . .......... . terminal propertie s... 57 $9,204,5 .B $8,723,23 . .. rents taxe;:;, exp., g Operatin 324,900 3,316,36 5 Surp. Sav. & West. sys. 3,293,67 8 Total surplus earn'gs.$ 2,122,31 8 Interest on funded debt. ....... 3,353,92 6 185,000 185,000 185,000 d to $425,793 . Ordinary mainamounte Sinking fund requirem ents.... year the during ents "Betterm 577,048 584,775 and 599,701 United States requirAm ents.... , requires a certain expendit ure for steel rails however tenance, 279,669 267,181 111,787 exceed an average Betterm eats and addition s.... fastening s each year, which we estimate should not for company old of receivers of Report 778 of $200,000 per annum." · Total .••••• ... . .... . ......... $12,973, 652 $13,535, 191 $13,884, 1893·94 was in V. 60, p. 128." $861,874 $784,717 350, 348, $144,593 128, Surplus over charges for year. 59,p. 28,277,7 80, 835, 878, 1004; V. 60, p. 82, 8,68,111 , 112, 989, 1103, -(V. 1,p.26,2 522,711 ,834,838 ,967,100 8,1057,1 103;V.6471, -(V. 59, p. 696,919 ; V. 60, p. 480,561 ,873,928 , 9 6 '7, !1 6 9, 660, 661, 703, 516, 470, 420, 366, 365, 1154.) 324, 751, 239, 26, p. 197, 61, 195, v. 153, 1144; 137.) p. 62, v. 1106; 1063, te (Penn. RR.) 749, 793, 830, 870, 873, 966, 1012, Central RR. of' P ennsylv anla.- Owns Bellefon branch 4 miles; AD-Ope rates from Cen tral KR. o f New Jersey. -( See MapJ-RO to Mill Hall, Pa. (on Beech Creek RR.) 27 miles; arre and ation or consolid A miles. 7 opposite New York City, westerly to Wilkesb . o.I1erates Nittanv Val. RR. and branch, June Jersey City, ending fields ; also southyear coal For te 1893. r, anthraci ing Decembe in neighbor the Opened and es. Pa., , compani Scranton several $1,972; etc.: , Jersey, expenses g New of operatin coast erly to the seashore resorts along the 30, 1895, gross, $57,749; deficit under Mi les. , Nesqueh oning Valley ,r .•..•• . . 17 charges, $8,263; balance, deficit for year, $10,235. Lines owned in fee. page.Jg adjoinin Susqueh anna, Philon Map See ( ilway.Ra a Georg:l oC l Jersey City to Phillinsb urg .... 72 Lehigh & to Centra lipsburg UnionJu nc., etc. t .170 Sundry branches .....•.... . .... 8 7 ROAD-T he system will include : & Scranton ,r .. _.. 5 barre Wilkes Miles. owned. leasedstock Lines Entire Miles. .L,,nes to be owned in fee. 53 Long Branch & Seashore ...... . 6 Letli.gh & Lackaw anna,r... .... 35 .... .. Savanna h to .Atlanta & br. .. 312 Augusta & Savannah ,,. .......... .... 9 ...... . lines Other RR., Branch g Lon & ~ern. ofGa. RR.,gu. ,r 332 New York (oper.joi ntly) 3 B~~:~f -~~: ~~~:•. ~~. Perth Amboy to Bay Head. . 381.Alle ntown Term. 219 1Southwes eTrackag Long RR., LinesSouth'n ary Propriet New Jersey 80 Montgom ery to Eufaula, Ala. ... .. 9 Branch to Atsion, etc .. . ..... 78 Union Coal RR...... ...... 49 Western of .Alabama ,r. . . . .. . . 138 Columbu s to Gr~nvil le, Ga . 87 Other lines (no debt) ... ... .. ... 131 Pa. Pough. & Boston.. . . . .. . . . 2 361 Atlanta & West Point,r. ..... Opelika to Roanoke .. . .... : .. 35 Leased (mostly for 999yrs.J Miles. 60 Wrightsv ille & Tennille . ..... Eufaula to Ozark .. . .... . ...-.. 16 Ogden Mine RR. ,r ..... ·-···· · ·- 10 Total operated Jan. 1, 1895 .. 672 59 Upson County RR. . . . .. .. . ... Griffin to Carrollto n. ..... .... 65 58 Gainesvi lle Jeff. & Southern . Meldrim to Lyons ......... · · Nav. in "Misc. Compani es." 32 ~ See this companv . i See Lehigh Coal & 181 Other lines ... . . ......... ··-·· Savanna h to Tybee. . .. ... .... - There are 261 milee of second and 30 miles of four tracks. With the 124 ....... . Columbu s to Searight the " Blue Line " beoperates 1,879 . . Reading . . & ....... Phila. . ..•• the Grand total. Balt. & Ohio and Macon to Athens ........... .. 106 York, the B. & 0. tracks tween Washing ton and the Southwe st and New Ocean Steamsh ip Company , Brook and the CenBound to Reading 300 . the . of.. hia, nt Philadelp equivale estimate d being used to Total owned in fee ......... 1,121 tral N. J. to Jersey City. See also Lehigh & Hudson. to Jan. 1, 1887, 1883, HISTOR Y.-Chart ered in 1849. From May, ,r See this company . to succeed to the leased to Philadel phia & Reading. Receiver s were in possessio n from ORGANI ZATION- Organized October 17, 1895, Co. without fore• 1887 in of Georgia, and Jan. 1, 1887, till January, 1888. Reorgan ized· to propertie s of the Central Railroad & Banking re October 7 and closure- see plan V. 44, p. 714, 716. Operated from February the Savanna h & West~rn , etc., sold in foreclosu s were Dividend in V. 60, p. 1008, August, 1892, under lease by Port Reading RR. Co. & October 5 res pectively , and reorgani zed per plan Lehigh see s propertie coal ng Concerni Hanking & 1889. Railroad resumed August, with amendm ents in V. 61, p. 68. The Central of Georgia Railway took Wilkesba rre in "Miscell aneous." · Company was chartere d in 1840. Central '96. and '95. charges '!l4. '93. '92. '91. '90. formal possessio n of the propery on Nov. 1, 1895, The :fixed be about DIVIDEN DS.- 5'89. 512 below. 7 7 7 612 6 { 3 rentals ahead of the income bonds under the plan will Percent. 1 $1,864,0 00. , 1 4 per cent. February 1896, In 99 for 1881 in leased was miles, 314 The Georgia RR. (which see), guaranty of the & Nashville . BONDS.- New Jersey Southern 6s carry the endorsed years to the old Central RR. & Banking1Co. and the Louisv. N. J. general 5s are reserved to gold 5s are New York & Long Branch. Central $1,500,6 $411,000 being but all 00, DESCRIPTION OF BONDS.- The fin,t mortgage 50-year Total issue t:1avanna h, including the retire them at maturitv . general . a first lien on the main line from Atlanta toequipme mortgage . appurten - held under the Central's and nt all all), in miles 45, -P, 402) $8,V. (312 mort. of branch ville abstract Milledge Of the general mm·t. of z887 (see New York N. J. bonds Cent. prior the for ances and the equity in the steamshi ps. Mortgag e trustee, reserved were 1895, Ii Jan. on 396,000 6s, $411,000 ; Lehigh Coal Guarant y & Indemni ty Co. LE of Novem· and also for the fol owing: N. J. Southern 7s Seashore & Branch Long 00; The consolida ted mortgage (see abstract in CHRONIC $2,310,0 1897, of 6s on a first lien & Navigati ber 16, 1895, V. 61, p. 873) 50•year gold 5seryare will be noticed, mature within a few & Eufaula RR. $1H7,000 . A.11 the old bondR, it mortgag in held are unissued bonds e upon 579 miles [includin g the former Montgom general of balance a second lien upon years. The 280. Interest on the general mortgag e Savanna h &Wester n and Savanna h & .AtlanticJ , and also cover all trust for prior liens. V 61,&p.J.; the is trustee Q.-J.; bonds reg. the on he main line, its equipme nt and appurten ances. They J. payable is d $2,000,0 00 from coupon bonds leasehold s, securitie s, etc. They may be increase than $500,000 in Central Trust Co. and the $16,500, 000 to $18,500, 000. at the rate of not more The N. Y. & Long Branch is leased jointly by theonCentral The consolid ated nt. equipme for and nts mortgag e debt betterme any one r,ear, for entire sys_ Penn. RR. at a guarante ed rental equal to interest bonds will be the only fixed charge obligatio n covering the Jan. 1, 1897; series F, fall due July 1, 1896; series E, $3,997,0 00, onJan. 1, 1898. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis c I ~~~:.i: I --1 I I lO ~ lJ § rn 1-3 0 ALA , "' ~ ( https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis YOV-z-·11 ""'".idi~- r',~"'c"' M,"•\u'.:6°--:-._ / I - - : - , ~·oool•no•~ : ) "-- ~ r 4',Jj~~llcb,.::•1• · ~ -- - , .,~~,'.\...-MO!'£,- ">" 4'-0 .,c~~~:..<l'"~ "- \ v~ ~~ /JJJ/t:;/7 .~ ~ ➔ II II oa rJ.l ~ "y ~ t (> ~ I II~ II 11 II II~ t"-1 B ~ Q OF THE ~ 0 u L F 0 F AND CONNECTI ONS M r t'4 ~ 1-4 1-, .\ J.ANU.ARY, 1896.] z RAILROAD STOCKS . AND BONDS. ~Porte z https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CENTRAL RAILROAD NEW JERSEY OF AND CONNECTIONS. 26 INVESTORS' SUPPLEMENT. [VOL. LXII. Subscribers will confer a great Cavor by giving hnmedlate notice of any error discovered in these Tables. Bonds-Prinol RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or pal,When Due .A.mount Rate F er explanation of colµmn headings, &c., see notes of Par Outstanding of per When Where Payable, and by Stocks-Last on first pa-ge of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. --- - - - Oentral Railroad of New Jersey-(Ooncluded)- N. J. So. 1st M., t. Br. to .A.tsion,etc.(assumed).c* Cent.RR.of N.J ., Gen.mort.for $50,000,000,g.,c&r Real estate bond and mortgages .......... ... ... Lehigh Coal & Nav., mortgage, gold, assumed .... 78 All. .A.m.Dock&Imp.Co.lstM., ~-,redeem.at 110... c~ N. Y.& L'g Br'h 1st M.,red. m 1899 at 110,~ld... c* Gen. M., for $2,500,000, g.,P ..A.mb.to B. ead.c* --is Guaranteed Bonds- ..... .... i867 ..... 3:::;~f ¥e~~~cin~o-it1l{d~R~t1·vf.1~\gN~: Cent. Vt. 1st consol. M. f'lr $15,000,000, gold.c&r ..... 1st mortgage, gold ................................ c Equipment bonds, !fld, drawn at 100 Jan. 1. .... Oentratia cf: Oheste1·- st M. $12,000iJRerm., gold.c* Oharl. Olendenninct:Sut.-l stM.g., 30,000p.m.c* uh,arleston cf: Savannah-Stock ...•.• ....••.......... General mortga~ gold....... .. ................. c~ lat and 2d pref. c., $1,000,000 each, non•cum . . Oharleston cf: Northern-1st mortgage (see text.) .. U/1,arlotte Oolumbia cf: Augusta-See SOUTHERN RY. Ohartiers-Stock . ......................... .......... . 1st mortgage, guar. p. & i. by Penn. RR ...... ... c Ohateaugay RR.-Stock ........ . .......... _...... __ .. Ohateaugay R'y-lst M., guar. p. & i. D.& H. Canal OhattanoogaRome & Oot.-Rome & Carrollton 1 st M 1st mortgaie, Xuar., llOld ...... ................ . c~ Ohattanooga out ern- Commonstock, $2,250,000. Preferred stock, $750,000 ......................... 1st mortgage, $5 0,000, gold .......... .. .......... Income mortgage, non•cumulative, $7f>O,OOO .... 1881 1882 1891 38 Oentral of South Oarolina-Stock ....• .• ..•.... ..•.. issi iss3 40 185 ..... 1892 '73 iss9 ---- 1894 ---· ios 1886 103 1886 ..... ....... .... ---- 1871 23 ·-·- ·39 $411,000 41,604,000 307,100 500 &c. 2,310,000 ---· 1,000 1,000 1,000 50 1,000 .... ..... lOO&c. 1,000 1,000 1,000 1,000 100 1,000 1,000 ...... 50 l,,000 100 1887 1885 100°&0. 1887 1,000 100 .... 100 22 138 --·· .... 89 89 is95 1895 ........ ...... 7 per cent dividends on stock and organization expenses. Its first mortgage bonds are guaranteed principal and interest by the Central. which owns all its stock, and are so endorsed; interest on "generals" is provided out of the rental guaranteed by the Central and the Penna. RR. , and bonds are so endorsed. Of the g;eneral 5s $1,500,000 are reserved to retire the 5s of 1882. GENERAL FINANCES, &c.-In August, 1894, $1,500,000 more general ,;shad been issued for advances to Lehigh & Wilkesbarre Coal Co. and general purposes. In August, 1895, $1,644,000 additional "generals" were sold for improvements, etc. V. 61, p. 324. EARNINGS.-11 months, t 1895 ... gross, $12,045,474; net, $4,810,696 January 1 to Nov. 30. 5 1894 ... gross, 11,208,532; net, 3,812,116 ANNUAL REPORT-Fiscal year ends Dec. 31. Annual meeting ls held on Friday next preceding second Monday in May. The report for 1894 was in v. 60, p. 389. Operating expenses include $297,522 charged for reduction m value of equipment and other property and $229,079 spent for renewal of bridges, heavier rails, etc. Year ending Dec. 31. 1894. 1893 . 1892 . Passenger and freight .......... $6,347,239 $6,966,198 $7,310,422 Anthracite coal................. 5,273,822 6,788,543 6,556,993 Mail, express, etc ........ .. .. _.. 490,955 472,709 351,132 N. Y. & L.B. Division.......... 458,440 485,233 497,689 Trackage • . . . . . . . . . . . . . . . . . • . . . . 89,485 255,273 •------ -----Total gross earnings ........ $12,659,941 $14,967,956 $14,716,236 Operating expenses and taxes. 8,438,305 9,117,052 8,821,009 --·-- $ , , 5$ 895 227 Net earnings ............... • $4,221,636 $5,850,904 Income from tnvestments.. .... $958,247 8561774 $868,617 183 ,150 154, 918 127•755 Premium account............... Total net income ............ $5,363,033 $6,874,439 $6,879,756 Rentals paid .................... $1,557,356 · $1,896,370 $1,839,442 Interest on debt................ 2,873,589 2,839,279 2,709,929 Dividends....................... (7)1,574,790 (7)1,574,143 (7)1,572,725 Balance .................. . def. $642,702 sur. $564,647 sur. $757,660 291 v 60 389 656 v 61 280 324) (V 59 · 'p. ; · 'p. ' ; · · 'p. ' · Central of South Carollna.-Owns from Lane, s. c., to Sumter, s. c., 40 miles. Leased to the Northeastern and the Wilmington Colum· bia & Augusta RR. companies jointly; rental $31,000 yearly. Stock $170,000, par $50. In year ending June 30, 1894, gross earnings $86,698; net, $28,272; rental, $31,000. In 1892-93 gross, $99,798. - Central Vermont.-Operates from Rouse's Point at the north end of Lake Champlain across Massachusetts to New London, Conn., on Long Island Sound, with branches. Bystem includes: Road owned. Mites. Leased Lines-Oon'd. Windsor to Rou!!e's Point ...... 158 Essex Junction to Burlington.. 8 Swanton.Junction to Province. 11 :Montpelier to Willi'mst'wn,&c. 16 Miles. Mississquol Valley ............. 28 Montreal Portland & Boston .. 40 :Montreal & Vermont June ... 23 New London & Northern ,r _.... 121 Ogdensb. & L. Champ. & br. ,r .. 127 Total owned ................ 193 Rutland RR. ,r .................. 120 Leased lines.-,-isee these co's. Stanstead She:lford & Chambly 43 §~ t:!t11~i~:·&wi.iitehaic :::: I Total operated June 30, '94..772 Burlington & Lamoille......... 26 Of which was steel. ............ 705 HIRTORY.-.A. consolidation was reported in June, 1892, of the Cen• tral Vermont, Vermont & Canada, Montpelier & Wl1ite River and Con· solidated Railroad of Vermont, but the separate organizatio.n of the "Consolidated" is still maintained. BTOCK.-On June 30, 1894, the Central Vermont had outstanding $1,000,000 stock "nd Consolidated of Vermont $750,000 pref. and $800,000 commpn. BONDS.-Of the consolidated mortgage fours for $15,000,000 [trustee American Loan & Trust Co. of Boston] $7,000,000 are reserved for the retirement at maturity of the $7,000,000 fives due in 1913, and, if the trustee so requires, an additional $700,000 will be held for same pur• pose; $1,488,000 were to replace certain temporary bonds and $2,500,· 000 to pay floating debt, the balance being issuable for perman~nt improvements on the system, etc. The mortgage covers the road owned and all interest in leases and securities owned. On June 30, 1894, the Cf\ntral Vermont (exclusive or "Consolidated") had funded debt of $475,000 and current liabilities $3,638.531. Offsets inJlude: bonds owned, $889,037; stocks owned, $701,773; "cash and current assets," $985,743. .A.NNU.A.L REPORT.-Fiscal year ends June 30. Report for 1893-94 was in V. 59, p. 1005; gross receipts, including steamer earnings, were: Year. Gross earnings. 1893·4 .• $5,245,054 1892·3 .. 5,574,398 1891-2 .. 5,450,582 -(V. 59, p. 1005 ; V. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Net ea1-nings. I Int., rentals, taxes, cf:c. $1,586,059 $1,530,038 1,588,791 1,471,602 1,664,895 1,449,404 60, p. 42; V. 61, p. 324.) --- --- 1879 $600 1887 500 &c. Og. Tran· sit (Jo. $50,508 100,926 80,551 Balance, surplus. $5,513 16,263 134,940 4,987,000 1,500,000 142,000 170,000 300,000 250,000 7,000,000 See text. 425,000 876,000 1,000.000 500,000 1,500,000 2,000,000 800,000 6 J. & J. N. Y., Liberty Nat. Bk. 5 g. Seetext. do do Various N. Y., 143 Liberty St. 5 6 g . J.&D.15 Phila.,Leh.C.&Nav. Co. July 15, 1899 July 1, 1987 Various dates :Pee. 15, 1897 J. & J. N. Y., Liberty Nati. Bk. 5 5 g. .r. & D. do do 5 g. M.& s. do do ..&.. J. N. Y., Cuyier: Morgan . J. July 1, 1921 Dec. 1, 1931 Sept. 1, 1941 Juiy · 1; ·i921 Boston,'.i'm.'i: & Tr. Co. do do N.Y.,U.S.Mort.& Tr.Co. N. Y., Farm. L. & 'l'r. Co. Phil.WstEnd T.&S.D.Co June· a<>";i91a Jan. 1, 1943 $25,000 y'rly, July 1, 1919 Oct. 1, 1944 ...6.g. ...5.. 4 6 5 5 g. g. g. g. ..7. g. 7 4&5 0 . ..... J. J. J. J. .A.. & & & & & .J. J. J. .J. 0. J.--&.. J . .N .Y.,12·w~23' & Cha'st'D Jan~· 1,· .i936 April. See text. Irredeemable. M.& 8. Moh. 1, 1915 . ... -... --- 645,300 See text . .A.. & o. 500,000 A.. & o. Philadelphia, Penn. RR. 7 95,000 ...6.. F ...& A. Plattsburg, N. Y. 200,000 150,000 6 g. J. & J. July, '92, coup. last pd. 2,090,000 5 g. M.& 8 . Mar.,'92, coup. last. pd. Oct . 1, 1895 Oct. 1, 1901 0 (1) (11 (1) (i) .... ... ... ... ..&.. J, 5g J. 5 if earn. . ..... --······ . · ---------- New York. . ......... Aug:1,..i907 Jan. 1, 1916 Sept. 1, 1937 -------· --io2·5· 1925 ICentralia, Centralia & Che8ter.-( See Map.J-Owns and operates from Ill., to Evansville, Ill., and from Sparta to Rosborough, with extension to Salem, Ill., now under construction, making total length about 85 miles; bonded for $12,000 per mile, covering road· bed, equipment and terminal facilities; stock issued and subscribed for like amount. The road is standard gauge and laid with 56·lb. new steel .rails. Farmers' Loan & Trust Co. trustee or the mortgage and registrars of the stock. Earnings for :fl.seal year ending June 30, 1895, showed a surplus tor the stock over and above operating expenses, interest on mortgage, taxes, etc. Cbarleston Clendennin & Sutton U.K.-Owns roa.d, com· pleted in December, 1895, from Charleston, W. Va., via Clendennin to Clay Court House, 51 miles, and under construction via Olay Court House to Sutton, 49 milee additional, to be completed about Jan., 1897. First mortgage is for $3,000,000, limited to $30,000 per mile. West End Trust & Safe Deposit Co. of Philadelphia, Pa., is trustee of the mortgage. President, John H. Drake, Philadelphia; Vice•President, C. C. Lewis, Charleston, W. Va.; Treasurer, W. S. Drake, 1326 Chestnut Street, Philadelphia. V. 59, p. 1141; V. 60, p. 1103; V. 61, p. 1012. c.::'~a;:~!~i~~n Cincinnati & Chicago.-See OHIO RIVER & Cbarle8ton & Savannah,-Owns from opposite Charleston, B. C., to Central RR. at Savannah, Ga., 115 miles, and branch 6 miles, all steel. Operates from Ashley Junction to Charleston, S. C., and Cen · tral RR. of tleorgia, crossing to S. F. & W . Ry. at Bouthover, 11 miles. Branch to Waterboro, S. C., 14 miles, ls controlled in same interest but operated separately. Belongs to Plant system. See Sav. Fla. & West. BoNns.-Interest on first incomes: for 1888, llg per cent, for 1889, 2; for 1890, 6; for 1891, 6; for 1892, 5; for 1893, 4; for 1894, 4 per cent (paid in April, 1895). EARNINGS.-5 months l 1895, gross, $174,069; net, $9,382. July 1 to Nov. 30. 5 1894, gross, 202,590; net, 26,434. In year to June 30, 1895, gross, $557,517; net. $96,978; o•her in come, $4,151: interest, $103,390; balance; deficit, $2,261. In 1893·94 gross, $615,616; net, $120,922.-(V. 56, p. 887; V. 58, p. 81.) Charleston & Northern KK.-Operated from Pregnalls, S. C., to Gibson Statton, N. C., 132 miles, and brancheR, 18 miles . .A. reorgan· ization of the Charleston Sumter & Northern, sold at foreclosure Feb. 15. 1895, to Wilmington & Weldon (Atlantic Coast Line) interests. After reorganization a mortgage for $800,000 was issued. The road was then divided and purchased as follows: From JJarlington to North Carolina line about 35 miles by Oheraw & Darlington; Darlington to Sumter, 38 miles, and Eutawville to Pre,gnall11 and branches. 40 miles, total 78 miles, by Manchester & Augusta; Sumter to Merriam, 30 miles, by Wilson & Summerton. Each division was sold subject to the mortgage on that division. Total of the mortgage is $800,000 and all the bonds are held by the ".A.1+}.antic Coast Line Co."-(V. 54, p. 525; V. 60, p. 130, 3'19.) Charlotte Columbia & Augusta.-See SOUTHERN RAILWAY. Chartiers.-Owns from Mansfield, Pa., to Washin~n, Pa., 23 miles Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now Pitts· burg Cincinnati Chicago & St. Louis); the rental is net earnings. In 1894 gross, $233,941; net, $102,984; interest, etc., $53,158; dividends (10 p. o.), $64,530; deficit for year, $14,705. [n 1893 gross, $281,638; net, $131,710. Capital stock, $645,300 (par $50), of which the Penn• sylvania Railroad owns $333,850. Dividends since 1886 as follows: In 1887, 1888 and 1889, 5 per cent; in 1890, 512: in 1891, 712; in 1892, 8; in 1893, 10; in 1894, 10 p. c.; in 1895, April, 5 p. c.; Oct., 3 p. c. Chateaugay KK.-Operates narrow-gauge road from Plattsburg N. Y., on the Delaware & Hudson, to S1:1,ranac Lake, in the Adirondack Mountain~, 73 miles. Of this it owns from Dannemora to Lyon Mt., 18 miles, and leases the Chateaugay Railway, Lyon Mt. to Saranac Lake, 39 miles, and the Plattsburg & Dannemora RR. (so•called), Plattsburg to Dannemora, 16 m. The latter road is leased from the State of N. Y. for one dollar and the fre~ transportation of freight to the State's Pri son at Dannemora. The Chateaugay Railway is leased for interest on its bonds, which are ~uarante~d principal and interest by the Delaware & Hudson Canal Co. Built in interest of an iron• mining company and to carry summer travel to the Adirondacks. EARNINGS.-In year ending June 30, 1895, gross, $96,020; deficit under operating expenses $7,636. Charges, $23,281. Balance, deficit for year, $30,917. In 1893·94 gross, $88,563 ; deficit from operating, $20,199. Total surplus June 30, 1894, $647,903. Chateaugay Ry. has $168,000 stock outstanding. Chattanooga Rome & Columbus.-Owns road Carrollton, Ga., via Rome, to Chattanooga, Tenn., 138 miles. Purchased by the . Savannah & Western in 1890, but interest due Sept. 1, 1892, was not paid, and in March, 1893, the property was placed in receivers' bands. Receiver is now Eugene E. Jones. ~ale of the road was ordered in July, 1894, but no date has been fixed. .A. bondholders' agreement has been prepared by Simon Borg & Co., 20 Sassau St., N. Y., aud deposits can be made with Central Trust Co., N. Y. See V. 61, p. 793. It is proposed to reorganize as an independent company. (V. 59, p. 191; V. 61, p. 195, 470, 793, 1154.) Chattanooga Southern KR.-Owns road, completed in June, 1891, from Tennessee State line to Gadsden, .A.la., 86 miles; branches, 3 miles; trackage to Chattanooga, 5 miles. Successor Jan. 10, 1896, to JANUAR Y, 1896,] https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILR OAD STOCKS AND BOND S. ~· "' ~ '! '':' '!' MAP OF THE CENTRALIA & CHESTER RAILROAD COMPANY UfVESTOR S' .. SUPPLEM ENT. [VOL, LXII • ====== ====== ====== ====== ====~- --::--== =~-=== =---=== = Sub8crlber8 will conf'er a !':- great f'avor by giving Immediate notice of any error dl8covered In the8e Tablea. RAILROADS. Bonds-Prtnot INTEREST OR DIVIDENDS. Miles Date Size,or pal,When Due. Amount Rate per When For explanation of ooh1mn headings, &o., see notes of of Par Outstanding Where Payable, and bv Stocks-Last on first pa~e of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. -- --· 04attanooga Union-See BELT RAILWAY OF CHAT TANOO GA. Oheraw d! Ohester-Stook.................. .... . ...... 29 1st & 2d mort1.?:ages ($50,000 are 2ds) .......... .. . Cheraw ct Dm·lington-lst mortf,age, $400,000 .... Charleston & No., 1st M., "D v. A," assumed ... Oherry Valley Sharon ct Albany-1st mortgage .... Ohester cf: Lenoir-Stock, com. ($49,000 is pref.) ... $' 29 66 37 ..... .... Mort~ge bonds, 5 c. to Jan. 1, '98, then 6 p. o .. 0/us.ct ash.-lstM., 25,000p.m.,J·•s .f.,notd'rn.o* ·35 Chesapeake d! Ohio-Purch. money unding, gold.c* 428 Mortgage 6s, iold, series "A" See text ....... o* 503 lst mort.,of 1 11, Penin. Ext., gold. See text.o" 75 Ter'l Lst m.,1922, coverin~ 8 m., to Phoebus.g.c,.. 8 lst consol. mortgage for$ 0,000,000, gold .. c"&r 655 Rich. &All Div. 1st consol. M., gold. ee text.o· 256 2d cons. M., Riehm. via. Lynclib'g to Clifton F. 256 <Jraig Valley branch 1st mortgage, gold ........ o• 26 ·warm Sprin~s Branch 1st mort a e, fold ...... c* 22 -General mo ~ge (for $70,000, 0 , e c.) gold .. o• 1,174 Eliza. Lex. & ig Sandy 1st m., g., auar. p. &i..c* 109 -Ches. & Ohio Equipment trust bon s, gold ..... o* •E q1lipment notes ..•. _................. ............. .... Elevator Co. 1st M.,!old,p. &i. guar. by C. & O.o* 2d mortgage, for$ 00,000, income, non•cum.o* .... New River Bridge Bonds, !,old.................. ... Buok'am Br.RR.lstM., $1 ,000 p.m.,g.gu.,p.&i. c* ·1s Greenbrier & New River RR. bonds ....... ··-··· .... (}hes. Ohio ~ Southwestern. •· Common ............... Preft>1Ted $3,'360,000 .................. ............. ..... Receivers' certificates............... _. .... _... _.... Paduc. & Eliz., 1st mort., sink. f11ncl, dr'n at 100 .. 88 1877 1888 1895 1869 .... . -. ~ 1887 1878 1878 1881 1882 1889 1890 1890 1890 1890 1892 1872 Var. $50 500 ---- $273,350 October Oct., '92, div. last paid. 150,000 7 J. & J. July, '91, coup. last pd. 366,000 5 A. & 0. Baltimore, 250,000 5 M.& s. 300,000 New·Yoi-ii·city. 7 J.r5D.r5 ····-· ....... 221,700 ........ . ........... See text. See.text. . ..... 875,000 5 g. F ...&..A. In default. 1,000 2,287,000 6 g. J. & J. N. Y.,J. P. Morgan & Co. 1,000 2,014.,179 6 g. A. & O. do do 1,000 2,000,000 6 g. A. & 0. do do 500 &o. 142,000 6 g. J. & D. do do 1,000 23,503,000 5 g. M.&N. do do 1,000 6,000,000 4 g. J. & J. do do 1,000 1,000,000 4 g. J. & J. do do 1,000 650,000 5 g. J. & J. do do 1,000 400.000 5 g. M.& 8. do do 1,000 22,792.000 412g. M. & 8. do do 1,000 3,007,000 5 g. M. & S. do do 1,000 57,000 6 g. Various do do 330,966 6 Various do do 820,000 4 g. A. & 0. do do 1,000 315,000 4 Oct. 1. 1,000 170,000 6 g. M.&N. N.Y., J.P. Morgan & Co. 1,000 269,000 Richmond, g. M. & S. 1,000 339,000 M.&N. do 6,030,600 .... . ...... . ......... 3,696,000 .... . ..... 380,000 1,000 473,000 6.&.8 F:·.i.:A. See text. ·----...... i:ooo isss i:ooo ---· 1888 1888 1892 ---· .... is6 1894·5 1877 g :::::: I ---------· Oct., 1892 July, 1897 Apr. 1, 1938 1915 June 15, 1899 ......... Auii: i5,. i 937 July 1, 1898 July 1, 1908 Jan. 1, 1911 June 1, 1922 May 1, 1939 Jan. 1, 1989 Jan. 1, 1989 July 1, 1940 Moh. 1, 1941 Moh. 1, 1992 Moh. 1, 1902 VariOUA. Var10us. Oct. 1, 1938 Oct. 1, 19R8 May 1, 1898 Sept. 1, 1942 Aug. 1, 1942 ........ -------· Feb:· 1; ·ir-o7 •Chattanooga Southern Ry., sold in foreclosure Feb. 14, 1895, and reorBoNDS.-The series A bonds of 1878 cover, subject to the purchase . ;ganized per plan in V. 61, p. 830. Capital stock, $3,000,000. money 6s, the main line from Richmond, Va., via Charlottesvill~ to Bmms.-The new firsts are $5,000 per mile on present mileage and Ashland, Ky., 428 miles, and are equally secured with the Peninsitlar $10,000 on extensions. The old bondholders were required to subscribe Extension 6s by first mortgage on exten!-ion to Newport News, 75 miles. for the new bonds at l)ar to the amount of 25 per cent of their holdings, The consolidated mortgage due in 1939 is for $30,000,000 (trustee, paying 5 per cent [$50 on each $1,000 old bond] Dec. 15, 1895, and the Central Trust Company), and sufficient bonds are reserved to same awouJJt respectively Feb.15, April 15, June 15 and Aug. 15, 1896. provide for prior liens. This mortgage is also secured by deposit in EAR~INGS.-In year ending June 30, 1895, gross, $66,311; deficit trust of the $11,000,000 bonds and two·thirds of the stock of the Mays•undn operating expenses, $2,582. In 1893·94, gros!'I, $61,428; deficit ville & Big Sandy RR., Ashland to Covington, Ky., and the Bridge to under operating expenses, $4,666.-(V. 59, p. 919, 1133 ; V. 60, p. 130, Cincinnati, all owned by the Ches. & O. RR. (See abstract, V. 49, p. 147.) Richmond d! Allegheny Division bonds cover the important freight .2 18. 258, 301, 561; v. 61, p. 68, 830, 1012; v. 62, p. 157.) route from Richmond via Lynchburg to Clifton Forge and branches. Chattanooe;a Unton.-See BELT RAILWAY OF CHATTANOOGA. (Mort. abstracts, V. 51, p. 144.) The general mortgage of 1892 (Central Trust Co. and H. T. Wickham Ch .. ra-w & Che8ter.-Own s narrow-gauge road from Chester to Lancaster, 8. C., 29 miles. Formerly leased to C. C. & A., but not in· trustees) is for $70,000,000, but additional amounts at $25,000 per mile eluded in Richmond Terminal reorg. plan as amended Feb. 20, 1894. may be issued for double•tracking . Of the $70,000,000 as above, President W. H. Hardin was made receiver in January, 1894. Year $32,691,000 bonds were reserved to provide for the $30,000,000 conending June 30, 1895, gross, $18,561; net. $217; charges, $1,121; bal• sols of 1889, issued or to be issued, etc. The balance unissued may be sold for new acquisitions, rolling stock, etc., but not more than .:a.nee, deficit for year, $904. $2,000,000 in any one year. The mort~age covers the entire Chei·a-w- & tlarUn«ton RH.-Road from Florence, S. C., to property ofthereof the company, real and personal, at the time the Wadesboro, N. C., 66 mifes: Florence to Gibsons, N. C., 37 miles (pur• deed was made, and all a,dd1tional property allfl mileage chased in February, 1895, from Charleston & Northern); t-t artsville 'l.Cquired the proceeds of the bonds. See full abstract of mort1.ra~e RR. (stock owned>, lo miles; total, 113 miles. Controlled by Atlantic in V. 54,with p. 644; also V. 54, p. 642; V. 55, p. 335. In Jan., 1896, -Coast Line System. Capital stock, $400,000; par, $50. $21,791,000, had been listed on New York Stock Exchange. EARNING!.".-For year ending June 30, 1895, g-ross, $101,281; net, The Elizabetht'n Lexington d! Big Sandy :first mortgage bonds, interest -$33,343; other income, $846; interest, etc., $16,945. on which has been reduced to 5 per cent, have been endorsed.with the C. & O. guaranty of principal and interest, and gen.era! mortgage bonds Cherry Valley Sharon & Albany .-Owns from Cherry Valley have been set aside to retire them at maturity. There are also Man• to Cobleskill, N. Y .• 21 miles. In 1876 road was acquired (through chester City 8s, $60,200, and 5s, $36,000. · Albany & Susq.) by D. & H. Canal Co., which now operates it. Opera· iiions included in Albany & Susq. reports. Stock, $289,100; par, $50. OPERATIONS, FINANCES, &c.-Since the reorganization in 1888, when the control of the company was placed for :five years in the hands of Chester & Lenolr.-Narro w•gau~e road from Chester, S. C., to trustees, property has been greatly enlarged and improved. It is Lenoir, N. C., 109 miles, of which 99 mileR is owned. Formerly leased to operated the in harmony with the Vanderbilt lines. -C. C. & A., but not included in Richmond Terminal as amended Feb. 20, The C. & 0. June 30, 1895, was liable fo1· $175,000 incurred for 5 per 1894. Receivers were appointed in January, 1894, but March 10 the cent bonds of the SteamRhip Company, which bonds, when f'Old, are Toad was again turned over to the company. Extension to Cra11herry, expected to pay this liability; and 1t is also liable as guarantor or the about 60 miles, is said to be under consideration. Norfolk. Wharf Warehouse & Terminal Co. to the extent of $100,000. REORGANIZAT ION.-Plan of June, 1894, provides for issue of (1.) new Durin~ 1894·95 the company sold $2,835,000 bonds theretofore in its -com. stock, $172,700, in exchange for old com. at 50 p. c. (2.) New pre• treaRury, enabling it t-0 pay otf practically its entire :floating debt, in· ferred 5 p. o. non-cum., $49,000, given for two years' interest due on curred' for stock of the Chesapeake & Ohio Steamship Line and for im• 1st mortgage bonds. (3.) New mortgag" bonds, $400,000, at 5 p : c. for provements. On August 1, 1895. there were in the treasury $499,000 'three years from Jan. l, 1895, and 6 p. c. therPafter; $350,000 to replace 412 per cent bonds, including $177,000 received since June 30. As to old bondR and $50,000 to build road Newton to Hickory, 10 miles. Louisville & Jeffersonville Bridge bonds guaranteed in 1895 see Bondholders agreed to accept 212 p. o. interest on bonds for coupon History above. (312 p. c.; due Jan. 1, 1895. The above plan has been accepted.by the The interest charges for the fiscal year 1895·96 (including interest on ·stockholders and a majority of the bondholders. the -112 p. c. oonds in the treasury) on June 30, 1895, are estimated at $3,109,366. V. 61, p. 327. Chesapeake & Ohio.-( See Mct,p.J-Operate s from Newport News The steawship line was formally opened Sept. 7, 1893. Has wharves 'Va., and Washington, D. C., to Cincinnati, Ohio, with branches. at Newport News and t>ix new steamers. Lines owned in feeMiles. Lines contr'd by stock, etc. Miles. Old Point Comfort and New• EARNINGS.-5 months,~ 1895 ...... Gross, $4,274,850; net, $1,4'21,341 Bridges-Coving ton, Ky., to port News via Charlottes· July 1 to Nov. 30. 51894 ...... Gross, 4,201,927; net, 1,448,298 Cincinnati, Ohio............ 2 ville to Ashland, Ky.·-·· . -· 519 Elizabethtown Lexington & ANNUAL REPORT.-Fisoa l year ends June 30. Annual meeting Is Richmond via Lynchburg to Big Sandy RR.·--······· ··· · 103 held at Richmond on the Tuesday vreceding the last Tuesday in Clifton Forge, Va........... 232 Sundry branches....... ...... 245 October. Report for 1894•95 was given in full in V. 61, p. 321 aml Lines controlled by stock, etc.Trackage to Washington.... . 85 326, and showed the following. See also editorial p. 302. -Maysville & Big Sandy RR. Leased .........·... . ........... 30 Ashland, Ky., to Covington, 144 -- Year ending June 301895. 1894. 1893. Total system ..............•. 1,360 Miles operated....... ..... 1,360 1,363 1,277 1 Trackage to Louisville.... .. . 84 Of the above mileage 19mlles is narrow•gauge road. Of the "leased" Passenger earnings....... $1,84.7,148 $2,011,977 $2,356,975 ·21 miles is on E. L. & B. S. and 9 miles on Washington line. Freight........ ............ 7,304,816 6,630,201 7,565,511 444,067 HISTORY, &c.-The former Chesapeake & Ohio was sold in fore- Express, mail and misoel. 401,930 414,324 closure April 2, 1878, and this company organized. In 1888, under Total earnings........ $9,596,031 ·the direction of Drexel, Morgan & Co., reorganized without foreclosure, $9,044,108 $10,336,810 6,464,528 ,and the road extended to Cincinnati. The consolidation with the Rich• ()per. expenses and taxes. 6,027,127 7,132,761 (67) mond & Alleghany was consummated in January, 1890. The Elizabeth· Per ct. expenses to earns.. , l67) l69) 'town Lexington & Big Sandy and other roads were absorbed in 1892. Net earnings....... ... $3,131,503 In September, 1893, the Chesapeake & Ohio Steamshi1J Co., controlled $3,016,981 $3,204,049 Other income......... .... by this company, began operations. See below and V. 55, p. 1078. 11,445 13,3ti6 23,680 The C. & 0. in 1895 arrang"d with the Louisville & Nashville for Total net income.... • $3,142,948 ·trackage rights from Lexington to Louisville,- Ky., 84 miles $3,030,347 $3,227,729 ~opPned Fehruary 1, 1896). Jointly with the C. C. C. & St. L., the C. & Interest on bonds......... $3,098,118 $2,948,112 $2,738,304 -0. acquired in 1895 control of the Louisville & Jeffersonville Bridge Rentals of tracks net..... 5,914 2,622 or. ·Co., with large terminals in both those cities and bridge acrol:!s the Ohio Loss on grain elevator .. _, 13,077 9,789 14,411 River. A joint and several guaranty of the Bridge Company bonds (of Discount and exch'ge, &o. 7,132 50,964 47,274 which $3,000,000 in all are now issued) has been given by the Cleve· fand Cincinnati Chicago & St. Louis and by the Chesapeak~ & Ohio. Itis Surplus........ ........ $18,700 $18,860 $427,640 'not expected that this guaranty will impose any burden on the railway -(V. 58, p. 816; V. 59, p. 151, 309, 331,332,476, 541, 1103; V. 60• --companies, as, at ordinary rates for traffic, the bridg-e and its terminals p. 130,258, 794, 835; v. 61, p. 302, 321,326,569; v. 62, p. 84.) E'lhould be self•sustaining, but any deficit is payable one•third by C. & ·O. and two-thirds by Bk Four. See" Miscellaneous Companies " See Che11apeake Ohio & South-w-ester n.-Louisville, Ky., to Mem v. 60, p. 130; v. 61, p. 327, 559; v. 62, p. 84. phis, Tenn., 392 miles, and branch Elizabethtown to Cecillan Junotio1 CAPITAL STOCK.-Comm on stock is $60,479,700; increased from 6 miles, 398 miles; of which is leased from Louisville & Nashville theh· -$45,000,000 to this :figure since 1892 through exchange of praotioally fleoillan branch, 46 miles. Also operated separa1;ely the Hodgensville -all the $25,000,000 of preferred stocks for common stock and general & Elizabethtown and the Troy Tiptonville railroads, 16 miles in all, •mortga~e 412 per cents in certain proportions. First preferred for most of whose securities are owned. =$36,100 and second preferred for $46,600 only was outstanding July HISTORY.-In November, 1893, a large amount of the junior securitt'., 1895. See terms of exchange in V. 54, p. 642. ties and subsequently nearly the entire issue of Ches. O. & S. W. :firsts https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I -·---- ~ ~ MAP OF THE CHESAPEAKE & OHIO RAILWAY AND ITS CONNECTIONS. :ti A zo · ~ A z < rn ~ 0 0 E-4 71 A < 0 ~ H 1--4 ~ ~ ~ ~ ..... ~ ~ I:.) z ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUPPLEMENT. 30 [VOL, LXII Subscribers w-Ul conf'er a great Cavor by giving lmDJ.edlate notice of' any error discovered In these Tables. Bonds-PrinctINTEREST OR DIVIDENDS. RAILROADS. Miles Date Size,or pal,When Due. Amount Rate For explanation of column headings, &c., see notes of of Par Outstanding per When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. I ---- ··-- Ohesapeake Ohio d! Southwestern-(Ooncluded.)- C. O. & B. W. 1st mort., gold ($19,000 permile).c~ 2d mortgage ($11,000 per mile) .............. c* Equipment trust bonds ........................ c* Ohicag_o d! Alton-Common stock .................... Pre erred stock (7lercent yearly not cumulative) Gen. Md Joliet to . St. Louis & br., sterling ... c* 8.f.bon s(K.C.Bt.L.&C.lstM.col.),~old,notdr'n. c* Kansas ~ St. L. & C. iref. stoc , guaranteed .. Joliet & c., 7 p.c. stoc ,perpet.,guar. by C.&A. St. L. Jack. & Ch., 2d M.(now 1st), end. by C.&A. Louisiana & Mo., guaranteed £referred stock .... 1st mort. (guar. p. & i. and ater assumed) ..... 2d mort. (iuar. p. & i. and later assumed) ...... Miss. River r., stock (7 per ct. guar. by C. & A) .. lat M.,gold, assumed, sink.fund, dr'natlOO .. c* Chicago Burlingtor,, ti Northern-Stock . ............. lat mortgaie, sink'g fund, redeemable at 105 .. c* 352 352 .... ·--- 1881 1881 $1,000 1,000 1,000 100 100 1,000 1,000 1878 100 .... 100 1,000 100 1,000 1877 1,000 .... .... 322 isfa 162 162 37 150 101 101 101 isi;s isfo -··· -..... is11 363 isss i~n~e~i~ei?~k~~-:~.~·.~~~~~~~.~~~-~~~~::~: ---· Equipment mortgage-see text .................... --·· .... un:~tDJu1:-Y;;,;ton· ~ Qitincy.:..:stocli:; ·see i"eii:::::: Con. M. cov'ng Ch. Term. (now lat lien) see text.c .. 757 isfa Bink. fund bonds (lat M. as coll.) not dr'n.c*&r 363 1888 1886 1888 1894 286 1876 $6,176,000 3,865,000 563,000 18,751,100 3,479,500 4,379,850 1,833,000 1,750,000 1,500,000 230,000 329,000 1,785,000 300,000 300,000 547,000 100 9,665,000 500 &c. 8,241,000 1,000 2,215,000 1,000 935,000 go9,ooo 1,000 10000.&c 230,000 100 92,002,700 1,000 26,677,000 1,000 2,315,000 i:ooo were purchased by the Illinois Central. In December, 1893, prepara· tory to a transfe_r to the Central, Messrs. Jop.n Echols an~ St. John Boyle were appoillted receivers. The Louisville & Nashville was to have shared in the purchase, but the Courts forbade it to do so. See V. 59, p. 1006; V. 60, p. 42; V. 59, p. 28; V. 60, p. 1145. During the year 1894 the Ohio Valley stock was relinquished to the origmal owners by order of the United States 1 ·ourt for District of Kentucky, this company havin 6 tailed to fulfill the conditions of such agreement. In August, 1892, a controlling interest in Owensboro Falls of Rough & Green River RR. was purchased by Ches. 0. & S. W. parties. SECURITIES. -In Dec., 1895, $240,000 receivers' certificates were out• standing, and additional certificates were authorize<l for payment of interest due August 1, 1895, on first mortgage bonds. On June 30, 1894, total funded debt was $11,502,363, including $961,363 of equip· ment obligations; the current liabilities were $3,441,331. FORECLOSURE.-Foreclosure suit under the second mortgage has been filed. V. 60, p. 176. COUPONS.-0. 0. & S. W. first mortgage coupons due August, 1895, were paid January 2, 1896. V. 62, p. 40. Padiwah & Elizabethtown first mortgage coupons due August, 1894, and February, 1895, were paid when due. EARNINGS.-5 mos. c1895, gross, $1,112,180; net, $408,820. July 1 to Nov. 30. 51894, gross , 1,017,960; net, 407,068. ANNUAL REPORT.-Fiscal year changed to end June 30. Year- Gross earns. Net Othe1· inc. Int., etc. Lines Owned- Miles. I Lines Leased- Balance, Miles. Joliet & ChicagoChicago to Joliet .............. 37 Louisiana & Missouri Riv.- · Louisiana to Cedar City .. .. . . 101 Kan. City St. L. & ChicagoMexico to Kansas City ....... 162 Mississippi River Bridge ....... 1¾ Total of all owned and leased(70 lb. steel) ................•...... 843 HISTORY.-Reorganized in October, 1862, after foreclosure, In 1884 consolidated with the St. Louis Jacksonville & Chicago RR. 8TOCK.-8tock for $2,185,900 was sold to stockholders at 114, to retire $2,383,000 of 7 per cent bonds due January 1, 1893. In August, 1893, the company sold $2,450,200 new stock to stockholders at 114 to retire $2,929,000 7 per cent bonds due April 1, 1894. The Chicago & Alton preferred stock has prior right to a non•cumu1ative dividend not exceeding 7 per cent from net earnings and (after payment of 7 on common) also shares with common in any surplus. DIVIDENDS.-Pr. ct. 1881 1882 1883 1884 1885 to Dec., 1895 common and pref .... 5 8 8 8 10 8 yearly (2 quar.) LEASED LINES.-The Kansas Oity st. Louis d! Ohicago is leased in per• petuity from Nov. 1, 1877, at rental of 35 per cent of gross earnings. Its bonds are held by the U. S. Trust Co. as security for the Chicago & Alton bonds of 1878, which have a sinking fund (in 1895) of $129,· ooo per annum. Common sto(',k, $271,700, of which $157,600 is owned by the c. & A. Dividends of 7 per cent per annum were paid on K. c. st. L. & c. common till Nov. 1, 1894, and then suspended, The Jolid d! Ohicago is leased from January 1, 1864, forthe term of its charter, and forms part of the main line. Rental, 7 per cent on stock. The Louisiana d! Missouri River RR. was leased in perpetuity, Aug. ' 1, 1870. Under the agreement of Nov. 13, 1894, the Alton assumed to pay, in lieu. of .rentals, all interest on the first and second mortgage bonds and their principal when due, also 7 p. c. per annum on the gua.r• anteedpreferred stock, and also to purchase the L. & M.R. uuguaranteed preferred at $29 50 per share aud tbe common at $10 per share. V. 59, p. 1057. Uoguaranteed; preferred stock is $1,0~_0 1000 and common $2,312,700, neither of which have ever. paid dividends. In Nov., 1895, all bu.t 396 shares of unguaranteed preferred and 599 shares of common siliook had been purchased by Chicago & Alton. The Mississippi River Bridge is leased in perpetuity from Dec. 3, 1877, at 7 p. c. on $300,000 stock (all owned by c. & A.) and 6 p. c. on bonds. v. 59, p. 423; v. 61, p. 324• . GENERAL FINANCES.-The Chicago & Alton Road has been particulady strong in havi~g a large local business between Chicago and St. Loma. Its leased lines are as completely controlled as if owned, a,n.d. tb.e syste~ is very ~onservatively managed, no extensions having been built or new lines acquired of recent years. ANNUAL REPORT.-Fiscal year ends December 31. The annual meet· ing is keiJ.d. in Chicago the first .Monday in April. Annual report for 1894 was in V. 60, p. 345, 351; V. 61, p. 366.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis c 6 8 per an. 8 per an. 6 g. 6 g. 6per 14,Il. 7 per an. 7 7 per an. 7 7 7 per an. 6 g. F. & A. F. & A. Semi-an Q.-M. Q.-M. J. & J. M.&N. i,-F. .-J. J. & J. F. & A. F. & A. M.&N. J. & J. A. & O. 5 6 6 5 6 See text. 7 5 A:°i,,:·o . N.Y., F.L.&T.Co.&Bost. J. & D. do do J. & D. do do F. & A. do do A. & 0. Q.-M. N. Y., Boston and Chic. J. & J. N.Y.,Bk.ofCom.&Bost. A. & 0. N.Y.,Bk.ofCom.&Bost. ...... IMiles Year ending Dec. 31operated....... 1894·95 . .. ... $2,329,662 $722,263 $4,736 $754,858 def. $27,859 1893-94. .. . . . 2,143,411 609,517 7,128 784,179 def. 167,534 In 1892·93 gross, $2,410,208; in 1891-92, 2,297,825. -(V.58,p.127,V.59,p.28,331,878,1 006;V.60,p.42,130,176,928, 1008, 1058, II03, 1145; V. 61, p. 1154; v. 62, p. 40./ Chicago & Alton.-ROAD-Operates ,from Chicago to St. LouiE, Kansas City, etc., owning 542 miles and operating in all 843 miles, of whtch 110 miles double track. Joliet to East St. Louis ......... 244 Dwight to Wash. and Lacon ... 80 St. L. Jack. & Chic. DivisionBloomington to Godfrey ..... 150 Rood house to 9u.1ncy June. . .. 371 Joliet to Coal City, etc .......... 25 Otherlines ...................... 61 i g. Aug., '95,pd.Jan. 2, '96 Alli!., '93, coup. last p'd. New York City. { N.Y.,Cuyler,Mo}l'n &Co &Chic.Tr.O ce Lond'n,J.S.Morgan&Co. N. Y., Cuyler,Morg.&Co. do do N. Y., U. 8. Trust Co. N. Y.,Cuyler,Morg.&Co. do do do do do do Chic., Treasurer's Office N.Y.,Cuyler,Morg.& Co. I Aug. 1, 1911 Aug. 1, 1911 June, 1901 Dec. 2, 1895 Dec. 2, 1895 July 1, 1903 May 1, 1903 Nov. 1, 1895 Jan., 1896 July 1, 1898 Feb. 1, 1896 Aug. 1, 1900 Nov. 1, 1900 Jan., 1896 Oct. 1, 1912 1;.i926 Apr:· June 1, Dec. 1, Feb. 1, Apr. 1, Dec.17, July 1, Oct. 1, 1918 1896 1903 1926 1895 1903 1901 1894. 843 1892. 1893. 1891. 843 843 843 Pas~engers .. •· • • • • • • • $2,043,912 $2,900,820 $2,351,242 $2,206,842 4,998,115 Fr~1ght · · - · · · · . . . . . . . 3,881,544 4,273,117 4,983,596 385,924 395,772 392,702 Mail, expensts, etc.. 366,780 Total gross earns ... $6,292,236 $7,566,639 $7,730,610 $7,590,881 Net earnin~s ....... . . $2,6G3,548 $2,910,750 $2,922,811 $3,132,131 Other receipts...... .. 273,019 305,336 272,866 272,567 Prem'son newstock. 344,779 131 305,917 Total receipts ...... $3,281,346 $3, 'U6,217 $3,501,594 $3,404,698 Rentals paid......... $632,987 $653,892 $674,053 $674,722. Construct.,equip.,&c. 26,218 217,833 238,841 200,220 Interest on debt. .... 527,504 632,037 804,108 810,387 Dividends ............ 1,729,424 1,582,386 1,407,560 1,407,560 Miscellaneous........ 168,227 57,342 169,986 88,742 Balance............ $196,986 sur.$72,727 sr.$207,046 sr.$223,067 -(V. 59, p. 737,780,835,878, 1057; V. 60, p. 326,345,351; V. 61,. p. 366.) Chicago Burlington & Northern.-Owns from Oregon, Ill. to St. Paul, Minn., 318 miles; Fulton to Savanna, Ill., 17miles; branches, 6 miles; trackage to Minneapolis, etc., 30 miles; total, 371 miles. Completed Aug., 1886. Stock authorized $12,000,000; par, $100; outstanding in January, 1895, $9,665,000, of which C. B. & Q. owned, $9,555,600. (See V. 50, p. 390.) BoNDs.-The C. B. & Q. and Chicago & Iowa give a traffic guarantee· for 20 years from '85 of one•half of their net earnings derived from business to and from the Northern (to be not less than $100,000 per year) for the retirement of Chicago Burlington & Northern firsts at 105; and after March 31, 1896, the whole issue may be retired at 105. Theamount of firsts outstanding has thus been reduced from $9,000,000 to amount in table. In January, 1896, New York Stock Exchange gave $8,241,000 first 5s as listed. The equipment bonds were called for payment at 105 on Feb. 1, 1893, and holders ~iven the privilege of retaining their bonds upon agreeing to 5 per cent mterest and the waiving of the sinking fund provision. Funding notes for $230,000 were i ssued in 1894. EARNINGS.-11 mos. 51895, gross $1,808,825; net $456,296. Jan. 1 to No,. 30. 1894c, gross 1,692,818; net 504,578. In 1894 ~oss earnings were $1,828,309; net, $548,436; rentals• $127,546; mterest, $662,475; taxes, $93,822; halance, deficit for year, $335,407. In 1893 gross, $2,361,155; net, $848,070. Chicago Burlington & 9u1ncy.-(See Map.)-ROAD.-Operates a great system o:t roacl.s extending from Chicago westerly, reaching St. Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo., Omaha., Neb., Denver, Col., and Qheyenne and the Black Hills in Wyoming. The accompanying map shows clearly the lines of this system. c Road owned & leased. Miles . I I Oontroll'd--op.separately. t Miles. Chlcago to Denver, Col. ...... 1,046 Kan. c. st. J. & Conn. Bluffs,rOther branches, and leased Kan. c. to Coun. Bluffs, etc. 310 lines, practically owned... .4,519 st. Louis K. & N. w.. .. . . . . . . . 21 Usedjointlywith other Co.'s. 166 Chicago Burl. & Kan. City ... 236 Humeston & Shenandoah, half System proper ............. 5,731 interest with Wabash ........ 48 Second track..... . ........ . ... 297 Chica~o Burl. & Northern .... ,r 371 Thirct. track.• ... - ...... • • • • .. . 30 Hanrubal & St. Joseph ....... ,r 297 -Narrow•gauge . ........•........ 169 ,r These properties 1tre separately described in this SuPPLEl\IENT. t Of this mileage 102 miles are already included in the "road owned and leased," being operated jointly, and 103 miles are trackage outside of system. ' ORGANIZATION, &c.-This was a consolidation in July, 1875, of the Chicago Burlington & Quincy in Illinois and the Burlin~on & Missouri River in Iowa. In 1880 the Burlington & Missouri m Nebraska was absorbed. The leased lines are practically owned and there is no charge for rentals in the income account, except as interest on bonds. The ownership in the other roads above·mentioned is in the stocks and bonds thereof, and their accounts are kept separate. LANDs.-The lands have mostly been sold, but 43,866 acres remainln~ unsold Dec. 31, 1894; land notes outstanding, including interest payable $449 794 ' ' · .. CAPIT~L STOCK_.-The Bto(?k ~as !>een increased for the acqms1tion of new lines, and ill 1880 a distribution of 20 p~r cent was made_. Stock for $5,595,300 was sold at par to stockholders ill February, 1893. DIVIDENDS.- 1881·87 1888 1889 1890 18911892 1893 1894 1895 Per cent • • • • • • - 5 8 yrly. 5 4 5 414 5 5 4~ below In 1895, Mar., 1 p. c.; June, 1 p. c.; Sept., 1 p. c.; Dec., 1 p. c. SINKING FUNDS.-lncluded in the bonds outstanding in the table a.bove are sundry bonds of the company which are held alive and drawing interest for account of the various sinkin~ funds. BONDS.-Tbe consol. mortgage of 1873 is for $30,000,000, of which $1,076,000 reserved to retire a like amount of Ottawa Oswego & Fox c ~ MAP O F THE CHICAGO BURLINGTON & QUINCY RAILROAD a5 ~ ~ ~ w. ~ 0 0 E-, 00. I 1:0 0:, 00 ~ ~~ ~ ~ ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1N VESTt\RS' SUPPLEMENT. [VOL. LXlI. Subscribers -will confer a great favor by giving Immediate notice of any error discovered In these Tables. RAILROADS. Bonds-Prinol INTEREST OF DIVIDENDS. Miles Date Size,or pal,When Due Amount 'F or explanation of column headings, &c., see notes of Par Outsta.ading of Rate r.er When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Oen . Payable Whom. Dividend. - - --- - - - ----- ---- Ohicano Burlington & Quinc11-(0oncliided)Ch. Burl. & Q. Iowa Div., s. f. 5s,drawnat105 .. } $1,000 $2,860,000 5 A. & O. N.Y.,Bk.ofCom.&Bost. 787 }1879 Iowa Div., s. f. mortia§e4s, drawnatlOO.c&r 1879 1,000 7,753,000 · A. & O. 4 do do Sink. fund4s (for B. . W.) drawn at 100. c&r" ...... 1881 1,000 3,500,000 4 M.& s. do do Denverexten. (collat. tr.) b'ds, s.f. dr'n at 100.c,.. 415 1881 1,000 6,290,000 4 F. & A. do do Ch. Burl. & Q. Debentures for Han. & St. Jo stk. c* 1,000 1883 9,000,000 5 M.&N. do do Nebraska ext.,$20,000 p. m. (s.f., notdr'n).c*&r l,47i 1887 1,000&c 27,051,000 4 M.&N. do do Chicago & Iowa Div., collat trust .. . ...... . . . c* 121 1895 1,000 2,320,000 5 F. & A. do do Convertible debentures (See remarks) ........ c* 1890-2 100 &o. 15,263,900 5 M.& s. do do Omaha & S. W .., 1st mortfiage, auaranteed ... ___ c* ---49 1871 1,000 669,000 J. & D. Boston, Co.'s Office. 8 Nebraska Railway conso · date mort, auar ...... c 132 1877 1,000 349,000 A. & 0. 7 do do B.&Mo.RR. in Neb. { Land grant, s. f., r. at 100 600 &c. 7,894,000 6 J. & J. Boston, Bk. of Com'rce. 628 11878 Con.M$14000000 Exempt, not dr'n till 1908 1878 600 &c. 5,000,000 6 J. & .J. do do Burl. &Mo. RR.in Neb., s.f. for At.&Neb.RR.st'k .. 1,000 1880 3,347,000 4 J. & J. do do juincy Alton & St. L. (leased) 1st mort a e .... c* .46 1876 1,000 840,000 F. & A. N. Y.,F.L.&T.Co.&Bost. 5 ep.Val.R.,lstM.g.,(dr.atlO O)s.f.,$14, 0 yr'ly.c 90 1879 600 &c. 1,078,400 J. & J. Boston, Bk. of Com'rce. 6 Ottawa Oswego & Fox River, 1st mortgage .. _.c* 1,000 70 1870 1,076,000 8 J. & J. N.Y., F.L.&T.Co.& Bost. Atoh. &Neb., lstM., At. to Lin., Neb., etc., ~ar .c" 148 1878 100 &c. 1,125,000 M.& B. Boston, Bk. of Com'rce. 7 2d mort. on Atch. & Neb. RR. (1st M. on ridge) 148 1887 See text. 6 J. & D. Boston. Llnc'n&N.W.RR.lstM.l uar.,s.f.yi.c.,notdr'n .. 73 1880 1:000 600,000 7 J. & J. Boston, Co.'s Office. (}. B. & j· S-11stem-St. L. eokuk & • W. 1st M . ... ---- 1890 See text. F, & A. Boston, C. B. & Q. office 6 ---· f}h,w. & ast. Illinois-<.;om. stock ($15,000 p. mile). 100 6,197,800 PrefArred stock, 6 per cent ($10,000 per mile) .. _. ---· 100 4,830,700 See ·text. N.Y., Hanover Nat. B'k lstmort. (s. f. $20,000,nodrawings).- ... . ...... c· ioi 1877 100 &c. 2,989,000 J. & D. N.Y.,4thNat.Bk.&Bost. 6 Danville &GrapeCreekRR.-lst M., assumed .. c* 7 1880 1,000 119,000 M.&N. Boston, Globe Nat. Bk. 6 Extension, 1st mortgaie. _. _.... _........ _... - .. c* 15 1881 1,000 103,000 6 J. & D. N. Y.,FourthNat.Bank. Consol. mortgage (for$ ,000,000),!old s. f ..... c~ 127 1884 1,000 2,788,000 6 g. A. & O. N. Y., Central Trust Co. Collateral trust bonds, sinkinf fun . .. _........ c* ---- 1887 1,000 42,000 6 g. F. &A. do do General consolidated and firs mortgage ...... c&r 256 1887 1,000&c 7,393,000 M.&N. 5 do do Cbic.&Ind.Coal-lstM. $25,000p. m., assumed.c* 174 1886 1,000 4,626,000 5 J. & J. N. Y., Met. Trust Co. f 88 ---· 4:.:.:j_ . Oct. Oct. Sept. Feb. May May Feb. Sept. June Oct. July July Jan. Feb. July July Mch. Dec. Jan. Feb. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1919 1919 1921 1922 1913 1927 19051903 1896 1896 1918 1918 1910 1896 1919 1900 1908 1927 1910 1930 Jan:-2,·-i896 Dec. 1, 1907 May 1, 1920 Dec. 1, 1931 Oct. 1, 1934 Feb. 1, 1912 Nov. 1, 1937 Jan . 1, 1936 River ~ua~·anteed bonds-the remainder tor construction 1md equip- 1' - ( \T. 58, p. 549, ;; .,;,4, 733, 773; V. 59, p. 116,629,737,919; V.60, p. 42 ment. The consols are a first mortgage or first collateral lien on 750 633,654,656,666,873 ,928, 1057, zzo3; V. 62, p. 3q.) mih~ o~~~!d i~~~~s ~~~~~g~~ri::~ p~~e\1· Iowa from Chlcao-o & ~astern I~llnols.-( S~e.Map.J-Operates road (double Burlington to East Plattsmouth on the Mo. River, 279 miles, track to 'pan".ille, 106 miles) fr<?m Ch1_cago, Ill., to Terre Ind• and 16 branches, 511 miles. These bonds have a sinking fund and the bitummous coal fields, with various branches. mHaute, See this co. ot 112 per cent ($203,800) yearly, for which the 4s are Lines owned in fee. Miles. Proprietary lines (leased.) Miles. subject to call at 100, the 5s at 105. The Denver Extension bonds are Dolton to Shelbyville, m ....... 199 Evans. T. H. & Chic. RR., Dan • secured by deposit with the trustee of first mortgage 5 per cent bonds Rossville to Bidell, Ill.......... 34 ville, to Otter Cr~ek June. ,r.. 49 (limited to $20,000 per mile of main track and $10,000 per mile of sec- Momence to Ind. State lineInd. Block Coal RR., Otter ond traok) upon about 400 miles of roa<1, representing five different June. Chic. & Ind. Coal Ry... 11 Creek June. to Brazil, Ind .... 13 lines, of which the most important is that from west line, Red Willow Cissna June. to Cissna Park... 11 Traclcage, etc. County, Neb., westerly to Denver, Col., 248 miles. They have a sinking Chic.&IndianaCoalDiv.,B razll Otter Creek June. to Terre H.. 6 tund of 1 per cent for which they are subject to call at 100. to La Crosse, Ind., etc ........ 182 Dolton to Chicago, Ch.&W. [nd. 17 The collateral trust Nebraska extension bonds of 1887(New En°'land Double track zo6 j Trust Co., of Massachusetts, trustee) are issued at $20,000 per mile for · ············•······ Total operated June 30, '95 .. 522 single track and_ $10,000 per mile additional for second track. See HISTORY, LEASES, &c.-Reorganized under existing title September al1Rtra"t <?f deed m V. 4~,.P: 441. 1, 1877. On June 6, 1894, formally with the Chicago & The Oh'tCago & Io111a Division bO!].dB are collateral trust, lawful money, Indiana Coal RR. 8ee v. 58, p. 987. consolidated Also owns control of 5 per ceD;ts, l!'uthorized to a total issue of $2,320,000. They are secured Terre Haute & Chicago RR. and $1,000,000 stock of the Evansville Chicago & by deposit wi~h the New England Trust Co, of Boston, as trustee, or: Western Indiana-which Ree, $600,000 Chicago & Iowa RR. Co. 8 per cent first mortgage bonds, road rrom Dolton into Chicagohaving all the local traffic of the latter $1,150,000 Chicago & lowa RR. Co. 8 per cent seconds, $250?000 ChiIn January, 1890, a ten-year traffic contract was made the cago Rockford & Northern 8 per cent firsts and $320,000 Joliet Rock- Evansville & Terre Haute for the operation of a through line with between ford & ;Northern RR. qo. 7 per cent firsts. See V. 60, p. 928. Chicago and Evansville. V. 55 p. 995. Burlington & Mo. in Nebraska consol. mortgage of 1878 is for ' $14,000,000, of which $1,018,000 reserved to retITe in 1896 Omaha & CAPITAL STOCK.-The common. i.,tock is entitled to all surplus artier 6 8. W. and Nebraska Railway bonds, the only prior liens. The mortgage per cent on the preferred stock. In addition to the amounts outstandcovers 628 miles in Nebraska, including lines from Omaha via Oreopo- ing in the table, $2,158,800 common and $407,100 preferred were held lis to Grand Island, Lincoln via Hastings to Amboy, and from Nemaha ln the company's treasury June 30, 1895. via Beatrice to Crete, etc. Of the consols outstanding all .except the DIVIDENDS.-On new preferred in 1888, 712; in 1889, 6; in 1890, 6; in $5,000,000 of exempt bonds are subject to call for the sinking fund at pref. stock; in 1891, 412 cash; in 1892, 6; in 1893, 6; in 1894, 6; tn par, $205,+ 00 havmg been retired in 1894; on July 1, 1895, $107,600 1895 6 p c in 1896 J n 11- p c were called. The "exempt" bonds may be called after l908. The ' · .; ' a ., c& • • sinking fund Dec. 31, 1894, held alive $3,624,600 of th" bonds included BONDS, GUARANTIES, &c.-The Chicago & Eastern Illinois guaran • above as outstanding. tees the interest on Evansville Terre Haute & Chicago issu•~"' (see that Afrhison & Nebmska second mortgage 6s for $901,281 have been company) and interest on $150,000 Indiana Block Coal 1st 7s. issued and in December, 1895, were all held in the c. H. & Q. treasury; 'l'ne general consolidated mortgage of 1887 (trustee, Central Trust the interest is not included in c. B. & Q. fixed charges. Company) provides for the retirement of $6,042,000 prior bonds and The 5 per cent debentures of 1890 and are convertible into stock, fi.~!o il~~tG':Id:1~f!qo~pniit'!; t!f $~t,ot18P,~~~E!ra~ilr~/~~ut1f1egt l:a:.a~kt at any time prior to December 1, 1902, 1892 except when books are closed. see terms of conversion on page 2 of the SUPPLEMENT for April, 1895. $8,000 per mile. These bonds are ajtrst mortgage on 124 miles road, Many of the bonds are redeemable (may be drawn) befor'd maturity at including the line from Rossville via Bidell to Shelbyville, etc., of also on various prices, plus accrued interest, as stated in the table above. equipment valued at $2,355,000, and upon real estate in Chicago costing over They also cover 106 miles of double track from GENERAL FINANCES.-The Chicago Burlington & Quincy Railroad Danville $1,200,000. to Dolton, Ill., and rest of property subJect to prior liens. na;s been one of the most profitable in the country, as its numerous branches tributary to the main line were built into choice agricultural Ohicago & Indiana Ooat first mortga!Je of 1886 (trustees, Metropolitan territory. Corn, however, being one of the principal articles carried Trust Company and R. B. F. Pierce) 1s for $1,000,000 on road from by it. its earnings vary greatly according to the size of the crop. Yeddo to Brazil and $25,000 per mile ($7,000 of this for equipment> In April, 1894, $1,500,000 consol. 7 8 were sold, and in July $1,000,- for extensions; second track, $8,000 per mile. The bonds have been 000 more were issued to reimburse the company for construction in af!sumed by the C. & E. I. 1888. Report for 1894 states that about $1;000,000 ou.,.ht to be exGENERAL FINANCES.-Thie company owns of the capital stock pended on rolling stock and buildings to put them in goo8 shape, and of the Brazil Block Coal Co., and carries allmost its coal. It carries also this will be done gradually when business improves. On June 1, 1895, the coal of the Grape Creek region. It has bought within a few years $328,000 sinking fund 5s of 1875 matured and were paid. In April, terminal property in Chicago worth over $1,200,000. In December, 1895, $1,019,000 Nebraska extension bonds were listed, having been 1892, issued $1,007,000 general consols ror double track, etc., and in issued on 3912 miles of new road. In May, 1895, ·were sold the $2,320,- Nov., 1893, issued $946,000 for construction (Rossville to Sidell, &c.) 000 Chicago & Iowa Division bonds. The C. B. & Q,. plain bonds, and equipment. On June 30, 1895, pay rolls and cUITent accounts were $547,500 of 7s, due Jan. 1, 1896, were paid from funds m the treasury. $~13,213; "other liabilities," $394,419. Cash on hand, $121,863; bills LATEST EARNINGS.-From Jan. 1 to Nov. 30 (11 months) earnings, receivable, 298,611. including lines controlled, were: EARNINGS.-From July 1 to October 31 earnings were: 11 mos. Gross. Net. Oharges. Balance. 4 monthsG1·oss. Net. Siw.ove1·ch'ges 1895 ... $28,927,645 $10,933,423 $8,965,000 $1,968,423 1895 .... ···-·· ..... ·-·· ....... $1,393,152 $635,742 $220,220 1894 ... 29,054,522 11,331,630 8,769,724 2,561,906 1894 ...... ·-·················· 1,249,616 457,376 55,156 ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held ANNUAL REPORT.-Fiscal year ends June 30. Annual meetin~ is held the third Wednesday in May. Report for 1894 was published at much in Chicago on the first Wednesday in June. The annual report for length in the CHRONICLE, V. 60, p. 633, 654, 666. The operations for 1894-95 was in V. 61, p. 609. The policy of charging operatinfi the system proper, not inciuding the lines controlled, have been: expenses with many items that mi~ht properly be called "construction' was continued, $95,868 being so cnarged during the year. The comYearend, Dec. 3l- 1894. 1893. 1892. 1891. pany receives low rates for its freight, the rate per ton per mile in -~~irse:::::.$24,6gff3 2 $31:'olt/rn9 $33~8~$94 $2~:~r~,127 1894-95 being: 59·100 of a cent, airainst 63·100 in 1893-94 and 59·100 -Oper.exp.&tax.16,284,06 6 , 21 224, 504 22 ,469 ,011 18 ,549 , 257 ~a~ ~~~j_in 1892-93. Of the traffic, about 64 per cent in year 1893-94 ~Net .e arnings .... $8,383,066 $9,818,465 -$1-0~-33-,-3-8-3 --$-9-,3-6_6_,_8_7_0 Year e?td. June 30. 1894. 18A5. 1893. 1892. P. c. op. ex. toe.. 66·02 68·37 516 68·08 66·45 Miles operated........ 480 480 522 The company's income account, including the receipts and disburse- l¾ross earnings ......• $3,667,869 $3,860,115 $4,446,959 $3,775,546 •ments on account of lines controlled, has been as follows: Oper. exp. & taxes ... 2,508,371 2,409,710 2,990,314 2,503,523 . 1894. 1893. 1892. 1891. Net earnings .... $8,383,066 $9,818,465 $10,533,383 $9,366,870 Net earnings ..••••. $1, 159,498 $1,450,405 $1,456,644 $1,272,023 :Int. & exch'ge .. 1,938,~52 1,771,092 1,281,818 1,371,627 NetB:&M. l. gr. (62·43) (67·24) 73,526 · 108,422 (66·30) 188,572 156,848 P. c. op. ex. to earns.. (68·38) :'i et (incl.0th. income).$1,329,151 $1,576,092 $1,523,386 · $1,340,987 Total income. $10,395,444 $11,697,979 $12,003,773 $10,895,345 Cnterest paid . . . . . . . . . 962,901 942,788 913,01& 837,340 Rentals paid. . . . $264,971 234,959 238,756 221,071 210,655 $310,260 $314,573 $230,280 Rentals.............. . Div. on pref. Interest on debt 6,492,429 stock . . (6) 289,842 (6) 286,914 (6) 283,986 6,538,911 (6) 283,986 6,113,738 5,817,266 Dividends ... (434)3,895,128 (5) 3,960,252 (5) 3,819,922 (414) 3,246,686 Car. tosink'gf'd. 773,387 765,090 765,186 764,839 Ra.lance .•••••...••. def.$158,551 er.$107,634 sr.$105,313 sur. $9,006 Balance ... ... def.$1,030,471 sur.$123,466 sur.$990,354 sur.$836,274 -(V. 58, p. 987; V. 59, p. 647; V.60, p. 480; V. 61, p. 609. ) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t~!d~ JANUARY, RAILROAD STOCKS AND BONDS. 1896,] AND EASTERN ILLINOIS RAILROAD SYSTEM. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 33 INVEs·roRS' SUPPLEMENT. MAP OF THE CHICAGO GREAT WESTERN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILWAY. I VOL, LXII, JANUARY, 1896.] 33 RAILROAD STOCKS .AND BONDS. I Subscribers will conf'er a great f'avor by giving hnmedlate notice of any error discovered In these Tables. B ond s-Pr1n C iINTEREST OR DIVIDENDS. : Mlle• Date Size, or RAILROADS. pal,WhenDae Wh Amount j Par of For explanation of column headings, &c., see notes of en Where Payable, and by Stocks-Last Outstanding Rate per Whom. Road. Bonde. Value. Dividend. on first page of tables. C~n..:__ Payable Ohicago ~ Erie-Stock (all held by Erie) ... . ........ lstM., gold, interest ~ar. tillprincipalis paid..c* 249 Cncome bonds for $1 ,000,000 5 p. c. non-cum . .. 249 Terminal 1st mortgage, gold .......... . ........ . .. . ·-·· Okfcago Fort Madison di DesMoines-htmort.,gold <Jhwago & Grand Trunk-Stock ....... . .............. Northwest Grand Trunk., 1st mortgage.......... . .66 1st mortgage for $6,000,000, $ & £, gold ..... o&r 327 2d mortgage, §old ... . ................. . ....... c"&r 327 <Jh.Gt. West.-C. t .P.&K.C.pr.loan,red.at105.assum 815 Debenture stock, $15,000,000, guar. 4 per cent . . .... Debi-nture scrip (see text) ... . .................. . .. .... Pref. stock A, 5 per cent, gold, !f!l5,000,000 ...... ..... Pref. stock B, 4 per cent $10,000,000 ............. .... Common stock, $30,000,000 .........•............ ..... 0: St. P. & K. C. eqmp. lease warrants, assumed. Oh":C, June. R:IJS. cl: Un. Stk. Yard-See MISCELLAN EOUS Ohw. Kalamazoo cl: Saginaw-Stock ($2,000,000 au.) 45 1st M., $225,000, gold, subject to call at 103•. . c* -·-· Ohicafe° Milwaukee <l St. Paul-Common stock Pre _erred stock7percentyearly, not cumulative: ---· Milwaukee & St. Paul loans ..... . ... . . .. . . ...... Iowa & Minn. 1st M. convert. into Ef. stock .. o* 230 Prairie du Chien 1st M. (Mil. to Pr. u Chien) .o* 195 2d mortgage, convertible into pref. stock .. o* 195 Iowa & Dakota 1st M., conv. into pref. stock .. •o 126 Rive1; Div. (St.P.&0.) lstM. con. intopf.stk.g. o* 129 Hastmgs & Dakota 1st M., conv. mto pref. st'k ---· . ... ... $100,000 $100 5 g. M:·&· ·N. N. Y. L. E. &W. isifo 1,000 12,000,000 Oct, 1. N. Y., when earned. 1890 1,000&c 10,000,000 Text. 300,000 5 g. J. & J . J.P. Morgan &Co. 1888 5 g. J. & J. 1,313,000 1891 ..... ... ... 6,600,000 100 ..&.. J. 546,000 J. N. Y. Agency, Bk. of 6 isso 500&c. ti g. J. & J. Montreal &London. 1880 £100&0 5,454,000 J . & J. N. Y., Bk. of Montreal. 5 1882 1,000&o 6,000,000 5 g. J. & J. N.Y.,Lon. &Amsterdam 2,823,150 1889 100 13,287,500 4 p er an. J. & J. London,R.Benson & Co. .... ....... .... , See text. No int'st ... ... . ... .... . 100 11,145,600 .. . .... .......... .... . ...... 7,444,190 ..... 100 .... ······--·· 100 20,809,045 ...... ······ ·--· ··-· M'tiiiy. .. . ... 1,313,858 7 ·······--· COMP.A NIES. 100 450,000 ···--225,000 6 g. J. ··&·n. D etroit, Union Tr. Co. is95 1,000 100 46,027,261 See text. A. & 0. N. Y., Office 42 Wall St. -··· do do 100 26,594,900 7per an. A. & 0. do do ···1·· J. ..&.. J. do isi,7 do 2,361,000 do F. &A. do 3,674,000 1,000 8 1868 do do F. &A. 7·3 1,140,000 1,000 1868 do J. & J. do 465,000 1,000 7 1869 7 g. J. & J. London and New York. 3,796,500 1872 $& £ J. & J. N. Y. Office, 42 Wall St. 89,000 7 ---· ---· ··-· --·· i:ooo i i:ooo ·---·- ·--------· May·1,..i98 2 Oct. 1, 198 2 July, 1918 1911 i",· ·i910 Jan:· Jan. 1, 19 00 Jan. 1, 1922 Jan. 1, 1934 Jan.15, 1896 ·· ··· ··· -------· ········ 1895:i90l Dec:·1,-·iooo Oct. 21, 1895 Oct. 21, 1895 Jui-;·r;·i897 Feb. 1, 1898 Feb. 1, 1898 July 1, 1899 Jan. 1, 1902 Jan. 1, 1903 Cl1lcago & Erie.-( See Jfap Erie RR.)- Owns from Marion, Ohio, b een listed. Preferred stock A on which dividends are payable in cash, to Hammond, Ind., Z49 miles, and leases trackage over Chicago & $6,500,000; in scrip, $4,639,600; i ssuable for flrat mort. bonds $232,800. Western Indiana to Ohioago, 20 miles. Connecting line for the New Debenture Scrip.-Outstanding June 30, 1895, $73,436; issuable in York Lake Erie & Western and the New York Penn. & Ohio to Chicago. payment of interest, as it matures, on debenture stock, $777,965. The bears no interest. scrip HISTORY AND STOCK.-Reorg&nization per plan in v. 44, p. 369 of Ohio. & Atlantic, sold in foreclosure August 12, 1890. The N. Y. Lake G.ENERAL FINANCES.-In April, 1894, debenture stockholders and Erie & West. owns the entire stock of $100,000. There were car trusts, preferred '' A" stockholders were asked to subscribe in the amount of June 30, 1894, for $113,564 , for which :Sll9,000 1st mort. bonds are 1212 p. c. of their holdings of these stocks to additional debenture stock reserved. Under the Erie r eorganization plan Chicag-o & Erie will at 80 p. c. Stockholders so subscribing to receive their interest and be merged into the n e w company. The firsts are left undisturbed. dividends in cash; those not subscribing to r eceive int. and divs. in The incomes receive par in Erie new second preferred stock. debenture scrip until 1212 p. c. of their holdings has br1en so received. 1894-95 necessitates the making of a BONDS.-The fi rst mortgage (trustees Central Trust Co. and Edward The poor r esults for the year In January, 1896, the company needed Daniels) covers 249 miles of road, the contract with the Chicago & year's loan of $350,000. and improvements, and to secure $675,000 Western Indiana, $1,000,000 of that company's stock and $240,000 $1,179,038 for early work or this was issuing promissory notes running from three to tlve years. ilo cf oJ~~cago Belt Ry. See full abstracts of mortgages in V. 51, p. D e l.Jentures 4s for $1,000,000 are in the treasury una ppropria ted, but 1 0 at present prices it is not thought best to sell them. ANNUAL REPORT.-Fiscal year ends June 30. Gross earnings for DIVIDENDS.-The company paid one year's interest on d ebenture stock year lb94-95 were !$2,393,040; net, $91,106; other income, $81,332; interest on bonds, fixed rentals and other charges, $615,000; net in cash to holders subscribing and in debenture scrip to non-subs cribers deficit, $442,562. rn 1893-94 e:ross, $2,990,672; net, $397,759.-(V. on July 15, 1894; in 1895, 4 p. c.; in 1896, Jan., 2 p. c. No dividend on preferred A had been paid to J a nuary, 1896. 55, p. 331, 941; V. 57, p. 936; V. 59, p. 781, 965; V. 61, p . 559, 750.l FLOATING DEBT.-On June 30, 1895, bills payable $154,164. DebenChicago Fort Madison & Des 1'.lolnes.-Road completed froill Fort Madison to Ottumwa, Ia., 71 miles, in December, 1892. ture scrip for $!128,841 is is1:m able in payment of interest and diviCapital Rtock June 30, 1894-authorized, $5,000,000: outstanding dends, as they mature, to holders who did not sub scribe as abov e. $1,970,200; par, $100; the funded debt was $1,367,387, of which LATEST EAl'tNINGS.-For the h alf-year ending D ec. 31, 1895, state$54,387 was income bonds; current liabilities were $21,990. rn year ending June 30, 1895, gross, $91,809; net, $32,614. Charges, $69,490. ment in CHRONICLE of Jan. 25, 1896, shows : Balan ce, All Net Gross 6 m onths Balance deficit, $36,876. In 1893-94, gross, $ 88,884; net, $34,195. sur. 01· def. charges. earnings. em·nin ns. to Dec. 31. Chicago tit Grand Trunk.-Owns from Port Huron, Mich., to 1895 . .. . . ... .. . .• .. $2,378,381> sur.$94,058 $612,091 $706,149 Elsdon, 326 milea; leases Grand Trunk Junction Railroad, 4 miles, and 1894.. . .... . . . .. . .. 1,963,050 def. 89,319 5fl0,071 500,75:l trackage Chicago & West. Indiana, "l miles; total. 335 miles. Stock, ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894-95 $6,600,000 in $100 shares. The Grand Trunk of Canada giv"s a traffic guara ntee of 30 per cent of gross earnini:rs. Third was in V. 61, p 555, showing : mortgage for $6,000,000 was authorized in April, 1893, but will not be 1893. 1894. 1895. Year ending June 30. issued to the public. On J an. 1, 1895 , bills paya ble were $80,100; int. Average mileage owned and oper' d 922 922 922 due Jan. 1, $223,499; sundry outstanding accounts and wages, $1,· Total gross earnings .............• . $3,636,098 $4,011,710 $5,083,014 742,883, against which the company h a d cash $ll0,622; "sundry Operating expenses and taxes... 2,936,749 3,002,897 4,063,175 assets," $417,704 , and outstanding tra ffic balance, $120,322. $699,349 $1,008,812 $;1.,019,839 Netincome.................... EARNINGS.-(11 mos.),"?_ 1895 ...... Gross, $2,529,746; net, $85,627 51894 ...... Gross, 2,495,403; def., 3,144 Jan. 1 to Nov . 30. 524,014 545,823 $621,296 Interest......... . ... . .... .. ...... . . 480,312 454,963 448,616 For year ending Dec. 31, 1894, gross earnings were $2,731,749; n et, Rentals ... .......... . ... ... ... . .. .. $15,988: interest on bonds, $660,000; renta l s, et c .. $228,827; balance, Balance . . ... . ................. def.$370,563 sur.$8,026 sur.15,513 deficit, $87 2,839, of w hich $660,000 was paid by Grand Trunk of Canada under traffic a greement; deficit carried forward, ·$212,839. In OFFICERS.-A. B. Stickney, President, St. Paul, Minn. New York 1893 gross, $1,181,733; net, $843,425. (V. 60, p. 794.) Transfer office, 18 Wall St. (V. 59, p. 470; V. 60, p. 928, 1057, 1144; 61, p. 555.) v. Chkago Great Western.-(See Map.J-ROAD.-Operates and owns by deed the Chicago St. Paul & Kansas City Ry., which extends as Cldcag-o Kalamazoo & Sa~lnaw Ky.-Projected from Kala follows: Main lines (all steel) Chicago to St. Paul and St. Joseph, 690 mazoo, Mich., to Saginaw, Mich., 125 miles, of which 45 miles miles; Hayfield to Manley Junction, 4 7 miles ; branches-Sumner to Kalamazoo to Woodbury, in operation. In December, 1895, $450,000 Hampton, 64 miles; to coal mines, &c'., in Iowa, 101.g miles; other, 4 stock was outstanding. The first mortgage is for $225,000 to Union miles; total owned, 815 miles; and leases-St. Paul to Minneapolis, 101.g Trust Co. or Detroit, as trustee, and covers 44 miles or road. The miles; Chioa~o terminals, 10 miles ; Dubuque to Aiken, 16 miles; Des bonds are subject to call at any interest period upon "payment of an Moines termmals, 2·70 miles; Leavenworth to Kansas City, 44l\a. miles; amount equal to six months' interest on said bonds as a premium for Sycamore to DeKalb, Ill., 5·86 miles; total leased, 89 miles. Also owns, such payment.'' In 1893 gross, $53,514; net, $18,450.-V. 61, p.1063. in fee, Bee Creek to Beverly, 23 miles. Total operated, 927 miles. The Chicago 1'.llhvaukee & St. Paul.-( See Map.J-Operates from De Kall> & Gt. Western from De Kalb, Ill., to Sycamore (Chio. Gt W.), 6 miles, w a s built in 1895 in interest of Chic. Gt. Western. The Leaven- Chicago westerly to Omaha, Neb., and Kansas, City. Mo., with lines traversing Wisconsin, Minnesota and the Dakotas, including:worth Terminal Ry. & Bridge Co.'s bridge is used into Leaven.worth. Miles. Road. Miles. Road. HISTORY.-The Chicago St. Paul & Kansas City was organized in 62 Trackage............ . ........ May, 1886. and in December, 1887, merged with Minnesota & North Lin~s owned (o_f which. 9 2nd & 3rd tracks...... .....• 215 miles owned Jointly) mwestern, chartered in 1854. Firs t mortgage coupons, Jan. 1, 1890, Oontrolled, oper. separately. eluding Milw. & Northern, to Julv 1, 1892, inclus ive, were funded into priority loan for $2,823,· 426 miles ...•.•......... . . . . 6,169 Des M. No. & Western . ...... 150 150. in Aug-ust, 1892, reorganized per plan, Vol. 55, p. 856. Each $1,000 of Minn. & N. W. and Chi. St. P. & K. C. first mort. bonds was &c.-The Milwaukee & St. Paul RR. Co. was organized May HISTORY, · given $500 debenture stock and $600 pref. "A" stock. 51 1863, and on Feb. 11, 1874, took its present name. The system has baGANIZATION.-On Sept. 7, 1893, the company having become the smce been greatly extevied by the construction and acquisition of owner of over 97 per cent of the 1st mortgage bonds and over 99 per other lines. The stock of · the Milwaukee & Northern was acquired in cent of the general mortgage bonds, acquired by deed the title of the September, 1890, in exchange for common stock, and in Sept., 1893, Chicago St. Paul & Kansas Citv Ry. (815·67 miles), sul.Jject to the the sale of the M. & N. to the St. Paul was ra.tifled. In August, 1894, mortgages, the bonds which it owns being kept alive. It also acquired a controlling interest in the Des Moines Northern & Western had been thd title totheLeav. & St.Joseph Ry. (23mtles).whichlsunencumbered. acquired. The road will be operated separately. V. 59, p. 228. SECURITIES.-See full particulars in V. 55, p. 856; for amount of old CAPITAL STOCKS.-The preferred stock has a prior right over the unex changed securities June 30, 1895, for which new bonds and stock common stock to a dividend of not over 7 per cent from net earnings in are reserved. See V. 61, p. 556. each year, but if not earned it has no cumulative right. After payment The holders of debentur·e and preferred .A. stock appoint the :finance Jf 7 per cent on preferred and 7 on common, both classes share pro rata. committee, which exercises general supervision of the company's Common stock authorized, $47,062,560. Preferred stock on July 1, finances. Additional securities of said issues can be put out, but only 1889, was $21,610,900, and it has been increased to preRent fii?:ures by with consent of a majority of both said classes of stock present at a meet· exchange of convertible bonds for stock. On July 1, 1894, $25,672,ing. Securities of other issues having a lien prior to preferred A can be 500 prior lien bonds outstanding were exchangeable for preferred. created, but only with consent of two-thirds of both classes. The sev- DIVIDENDS since 1888. 1889. 1890. 1891. 1892. 1893. 1894. 1895. eral classes in case of liquidation will have principal paid in gold, ao• 4 below. 4 2 O O 0 On common. cording to their priority right to dividends. 7 7 7 7 7 7 4½ On preferred. Debenture stock outstanding June 30, 1895, on which dividends In 1895 on com, April, 1 p. c.; Oct., 1 p. o. are payable in cash, $7,887,300; in scrip, $3,566,300; yet issuable Common stock semi-annual dividend due in April, 1895, was reduced in exohanl,{e for C. St. P. & K. v. first mortgage bonds, $194,000. On N. Y. Stock Exchange in Jan., 1896, $13,287,500 debenture stock had from 2 p. c. paid since 1893 to 1 p. c. See V. 60, p. 480. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I I l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .• i,..... ~ ;; CfJ 1-3 C ~ r,a 00 q ~ ~ ~ ~ ~ MJles tn Operatio.n. !-3 B N uN,oN 1 t-t -- -·o=--,tTnM h ~ -~ t-1 RAILROAD STOCKS AND BONDS. JANUARY, 18U6,j R..\_ILROADS. Miles or explanation of column headings, &c., see notes of Road. on first page of tables. Chicago Milwaukee <I: St. Paul-(Ooncluded)<'ltic. & Mil. 1st mort. (conv. into pref. stock) .. c* 83 Chicago Milwaukee & Sr. Paul loansPrior lien consols, convertible .. . .......... .. ... 1,435 Consol. mort., conv. into pref. stock ..... . .... c* 1,435 l. & D. Ext. 1st M .• convert. into ref. stock.c* 335 S. W. Div. 1st mortgafe Western nion RR .. c* 212 So. Minnesota Div. ls mortgage ......•....... c* 419 Mineral Point Division 1st mortgage .... .... . c* 133 Hast. & Dak. Div., extension, 1st mortgage .. c• 395 do do do c* 395 Lacrosse & Dav. Div. 1st mortga~···········o* 185 Wiso.Val.RR.Co. lstM., Tomah to errill, Wis.o 107 Wis. Val. Div.1st M. of 1880, s. f., not dr'n.c• 161 Dub. Div.(Ch. Cl. D.&M.) lstM., s. f.,notdr'n.c"' 351 Chio. & Pac. Div. 1st M. (Chic. to Kittredge) .. c* 120 Western Div. 1st mort., (see text) gold ..... c·• 1,117 Chic. & Lake Superior Div. 1st mort., gold ... o• 68 Wis. & Minn. Div. 1st mortgage, gold .... _•..... 230 Southern 1st mort., gold, ass rimed .... _.. 119 'Ch. . & St. P. Terminal mortg~e, gold ....•. c* ..... Dakota. & Great Southern 1st mo gage, gold..... 159 Chioa~o & Missouri River Div. 1st mortgage ... c• 77 Inc. M.,convert., s.f. $80,000yeari (dr. at105)o,. 525 Gen. mort. (for $150,000,000), gol Series A.o*&r 5,722 Milw. & North'n 1st mort., Schwarz.to Gr. Bay.. o .. 126 Con. M. ($17,000 j.m.) ,1st M. north of Gr.Bay.o* 362 37 INTEREST OR DIVIDENDS. \Bonds-Prin01• Date Size, or pal,WhenD ue. Amount or Par Outst anding Rate When Where Payable, and bY Stocks-La st Bonds. Value. Per cent. Payable Whom. Dividend. --- - ---- --- ----- ---- 0 Fariflt -Chicago ~ N orthe,•n acijic- Chicago & Great Western lstM. gold ......•.... o' City of Chicago $urchase money mortgage ...... ,. First mort. for 30,000,000, gold ..•......... O'" &r 10 65½ 1873 $1,000 $2,393,000 7 J. & J . N. Y., Office, 42 Wall St. Jan. 1, 19 03 1874 1875 1878 1879 1880 1880 1880 1880 1879 1879 1880 1880 1880 1881 1881 1881 1883 1884 1886 1886 1886 1889 1880 1884 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 186,000 11,299,000 3,505,000 4,000,000 7,432,000 2,840,000 5,680,000 990,000 2,500,000 1,106,500 2,291,000 6,565,000 3,000,000 25,340,000 1,360,000 4,755,000 1,250,000 4,748,000 2,856,000 3,083,000 1,440,000 See text. 2,155,000 5,092,000 7 7 7 6 6 5 7 5 5 7 6 6 6 5 5 5 6 5 5 5 5 4 6 6 J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. 1,000 '394.000 650,000 See text. /') g. J. & D. Ohica_go. June 1, 19 36 do May 1, 19 38 5 5 g. A:·&··o. Apr.,'93,ooup.last paid. April 1, 1940 1886 ---- 1890 i:ooo BoNDs.-Abstracts of some of the principal mortgages were pubiUdhed in the CHRONICLE, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830; The following bonds are conve1·tible 'i nto preferred stock at any time within ten days after a dividend shall have been declared and become ()ayable on the preferred: Iowa & ·Minnesota 7s, due 1897, Prairie du •Chien 2ds, Iowa & Dakota 7s, Iowa & Dakota Extension 7s, River Division 7s, Chicago & Milwaukee 7s of 1903, Hasting & Dakota 7s of 1903 and Ch. Mil. & St. P. consols of 1875. The consols of 1874 also are convertible into preferred within 15 days after dividend day. The -<ionvertible bonds were fully described in SUPPLEMENT for Mar. ' 93, p. 2. Chicago ~ Pacific Western Division 1st 5s were issued at $20,000 per mile for road, with additional amounts for equipment and bridges; no further bonds can be issued. The mortgage covers the •following miles of road: Farley, Ia., to Kansas City, Mo., 341 miles; Marion, Ia., to Council Bluffs, Ia., 262 miles; Astor, Ia., to Aberdeen, 'North Dak., 352 miles; branches 162 miles; total, 1,117 miles. Terminal five per cent bonds of 1884 cover terminal property of several hundred acres in Chicago and Milwaukee. On the '""'income" bonds of 1886 payment of interest is now obligatory. They are convertible into common stock within 60 days after any •dlvidend day, and have a sinkini;t fund of 4 per cent, $89,000 of them being drawn for payment yearly at 105. The gene1·al nio1·tgage of 1889 (see abstract in V. 48, p. 830) is for '$150,000,000, to the United state" Trust Co., of New York, as trustee, and covers the entire rail way property and franchises of the company ,(therein described) subject to prior liens as below mentioned. The ,prior lien bonds cannot be exten,ded, but will be paid off at maturity. On July 17, 1895, the following amounts of general mortgage bonds -b.ad been issued or were reserved· for the purpose indicated, viz:·Listed on New York Stock Exchange . ......... . ........... $19,010,000 'Unlisted and in treasury of the company................ 2,401,000 Total given as outstanding ....... . .. .. ....... •........ Reserved for prior liens .................................. . -Originally reserved for prior liens, which llavA sio ce been} converted into pref. stock. Will evenmally become available for improvements. (See also below) . ...... . Available ror improvements, etc. (see also below)....... $21,411,000 110,664,000 7,571,000 10,354,000 Total authorized....................................... $150,000,000 The $21,411.000 outstanding include $6,000,000 issued to pay for ·l 78 miles of sundry small branches on which the general mortgai;te is a first lien, and to retire the $2,500,000 :first mortgage bonds ol 'Chicago Evans ton & Lake Superior Ry., a CWcago suburban road; also $3,583,200 issued to replace prior bonds paid and cancelled. The $10,35.4,000 "available for improvements, etc.," of bonds above mentioned are applicable for premiums paid in retiring or refunding ,convertible and other prior lien bonds bearing a higher rate of in'terest than 4 p. c., for cost of branches, second and side tracks, real -estate, bridges, rollin~ stock, P.quipment, etc. On July 1, 1895. of the prior lien bonds outstanding, $:l5,672,500 (maturin~ 1897-1908) were -, convertible into prefoi-red stock; if from time to time so .converted they will set free a like amount of general 4s which, with the $7,571,•000 already converted, will hecome available for improvements, additions, etc., as soon as the balance ($10,354,000) of the amount; ,,,rigim ally reserved for improvements has been so expended. V. 48, p. 830; v. 50, p. 205. GENERAL FINANCES, &c.-A considerable amount of the stock is held by parties also interested in the Chicago & Northwestern, so that the -two roads are operated as a rule in harmony. Dividends on common stock were resumed in October, 1892. Bee "dividends" abnve. In JnnA, 1894, $3,000,000 general mortgage 4s were listed in New York, having been sold for equipment, improvements. etc. N. Y. Stock ·E xchan~ in Oct., 1895, reports $19,010,000 listed. The earnings since July 1, 1893, include the :Milwaukee & Northern. The loans and bills payable outstanding June 30, 1894, for $1,000,000 were all paid -off during the year 1894-95. General mortgage 4s for $1,204,000 were -listed in July, 1895. EARNINGS.-5 months, ~ 1895 .... gross, $15,~03,g7o; net, $6,665,735 July 1 to Nov. 30. 51894 .... gross, 12,o91,o67; net, 4,432,Slo ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held in September. Report for 1894-95 was given in full in V. 61, p. 418, 427. See also editorial, p. 392. These figures, except for 1892-93, molude the Milwaukee & Northern. 1894-!15. 1892-93. 1893-94. 5,724 6,148 Miles operated June 30... .. . .• 6,169 $7,311,687 $7,138,561 Passenger earnlngs ....• -····-·· $5,852,781 24,393,849 21,550,822 Freight earnings.. . ............. 18,978,263 2,442,645 2,465,442 Ma.il, express, &o., earns....... 2,504,325 Tota.I earnings ..•••.... . .... $27.~35,~69 $31,327,951 $33,975,055 Expenses- Maintenance of way ...........• $3,703,466 Maint. cars and engines . . . . . . . . 2,085,309 Transportation , gen. exp., etc.. 9,748,364 Taxes.......................... . . 1,084,700 .Miscellaneous............ . • . • . • . 421,914 $4,469,838 2,698,459 11,284,675 1,199,077 462,283 $5,004,161 3,661,243 12,507,270 1,0 58,320 257,114 Total expenses ..••••.•...•.. $17,043,753 $20,114,332 $22,488,108 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis g. g. g. g. g. g. g. do do & J. Jan. do do & J. July do do & J. July & J. do do July & J. do do Jan. do & J. do July do do & J. Jan. do do & J. Jan. do do & J. July & J. Boston, Lee Hi~son. Jan. & J. N. Y. Offlce,42 all St. July do do & J. July & J. do do Jan. & J. do do Jan. do do & J. July do do & J. July do do & J. Jan. & J. do do July & J. do do Jan. do & J. do July do & J. do Jan. do & J. do May &D. N.Y.,Ch. Mil.&St.Paul June do do & D. June 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1904 1905 1908 1909 1910 1910 1910 1910 1919 1909 19 20 19 20 1910 19 21 19 21 19 21 19 24 1914 1916 19 26 1916 1989 1910 1913 INet earnings 1 1894-95. 1893·94. 1892-93. $10 291 616 $11 213 619 $11,486,947 r · · · · · · · · - · · - • · · · • • •· ' 62'. 35 ' ' 21 (66·19) Pe ct. of op. exp. to earns .······ < > (64 · ) 0therincome .....•......••...•. · 134, 647 122,140 l00,68 4 T Ot 1 in $ $ a net come ........•.•• l0, 4 26, 2 63 ll,3l4,303 $11,609.087 Interest on debt ... . .. .......... . 7,629,377 7,503,748 7,065,216 Dividends on pref. stock ....... 17) 1,818,802 (7) 1,809,213 (7) 1,751,357 Dividends on com. stock....... (4) 1,380,818 1,838,307 (4) 1,838,306 Miscellaneous ....•• ... ····••··• · · · · · ··• 95,822 21,470 s 1 d f $ $ 67 213 urp us .... ...•.•.... ······· e · 4 02 ,73 4 , $ 932 ,738 CONDENSED GENERAL BALANCE SHEET JUNE 30. Assets1895. 1894. 1893. Road and equipment, etc ..... $221,245,152 $220,198,172 $215,937,204 Cash.. .......................... 2,791,724 3,676,586 2,662,814 Total assets ...••• ..••...... $224,036,876 $223,874,758 $218,600,018 I.tiabilities- Stock common $46,027,261 $46,027,261 $46,027,261 · · · · · • · · · • • · · · · · 26,156,900 Stock,' preferred............... 25,973,900 • 25,767,900 Funded debt .. ····-········ .... 139,321,000 138,801,000 130,805,500 Pay-rolls, vouchers, &c.. . . .. . 2,442,2R6 1,669,179 2,665,149 Interest accrued, not due. .... 3,582,251 3,581,983 3,447,223 Loans and bills payable..... .. . . • . . • •• 1,000,000 3,240,000 Sinking fund ....... _........... 66P,680 82,020 58,660 Miscellaneous............... ... 357,618 218,375 100,426 lncome account...•...... _..... 5,479,880 6,521,040 6,487,899 $--·- Total liabilities ..•....•.... . $224,036,876 223,874,758 $218,600,018 -(V. 58, p. 1035; V. 59, p. 152,228, 394, 420, 42'7, 724; V. 60, p. 480 v. 61, p. 151,392,418,421, 1154.) Chlcaao & Northern PacUl c KK.-ORGANIZA'TI0N, PROPERTY OWNED, ETc.-Or11:anized in 188P for the purpose of acquiring a terminal system of railways in Chicago. It owns 749·47 acres, of which 65·54 acres are in ~he heart of the city, and 3,500 feet of docks fronting on the Chicago River between Harrison St. and t.<'ifth Ave. It has in operation 42·58 miles of main line, of which 25·7 iA double track. It has in addition 55·18 miles of spur and indus try tracks. RECEIVERSHIP.-Receivers were appointed Oct. 10, 1893. On July 1, 1 895, -possession of the property was surrendered by tbe Wisoon in Central Co. to A. Lawrence Hopkins, Receiver, and has been operated by him since that date. V. 61, p. 68. LEASE, RENTAL, ETC.-On April 1, 1890, 1he property was leased through the medium of the Wisconsin Central Co. and the Wisconsin Central ItR. Co. to the Northern Pacific RR. Co. at a rental sufficient to pay all :fixed charges, &c.; but on Sept. 26, 1893, the receiverR of the Northern Pacific RR. Co. surrendered po!'l se ssion to the Wisconsin Centri:l,l companies which operated same until July 1, 1895. The Baltimore & Ohio, the Chicago Great Western and the receivers of the Wisconsin Central lines are tenants of the Chicago & Northern Pacific and pay rentals, the former $175,000 per year, the Chica~o Great Western $150,000 per year and the receivers of the Wisconsin Central lines $144.000 per year, last mentioned being payment on account subject to adjustment. The interest on the Chicago & Northern Pacific fl.rst mort~age bonds has not been paid since April 1, 1893. The interest on the underlying mort~age of the Cnicago & Great Western and the interest on the pt:1,rchase money of the School Board Mortgag':' has been paid regularly. The net earnings after payment or interest on these securities has been expended in improvements and liquldati. n of accounts due. BONDS.-Of the $30,000,000 bonds authorized, $28,855,000 are outstandine:. 01' this alllount $2,500,000 are alleized to have been taken by the Northern Pacific out of the treasury of the Chicago & Northern Pacific and pledged as collateral for Northern Pacitlc loans. Tn Jan. , 1896, these bonds had not as yet been returned. V. 59, p. 651. An abstract of the mortgage was in V. 52, p. 465. REORGANIZATION.-Bondholders' Committee consists of J. Edward Simmons, Chairman, Henry Budge, R. C. Martin, Simon Sterne, Wil1iam Mertens, W. Allen Butler, J.r. and Alfred S. Heidelbach. In Jan., 1896, the U. s. Trust Co.'s receipts for $25,523,000 had been issued for 1st mortgage 5s deposited under thts committee's agreement of Dec. 5, 1893, and had been listed on N. Y. Stock Exchange. (V. 58, p. 306.) On Dec. 3, 1894, the committee ubmitted a general J.>lan to which over 70 p.c. of the depositing bondholders a sented within the required time, so that under the terms of the agreement the plan became operative aA to all bonds deposited. In Jan., 1896, the committee were hoping soon to be a.ble to issue a detailed plan. (V. 61, p. 68.) STOCK.-Stock outstanding, $30,000,000 (par, $100), of which over $15,000,000, owned by Nor. Pac. The N. P. claims a considerable sum due for advances. ag;ainst whtch there are counter claims. ANNUAL REPORT.-Earnings for the year ending June 30, 1895, were gross, $726,892; net, $361,681; other income, $50,388; int. paid, $52,200; balance, surplus, $359,869. For year ending Oct. 31, 894. given in v. 60, p. ~58, were as follows: Gross. $823,498; net, $368,795, expendrd by receivers for constrnction, $351,068; for general expenses, $31,417. (V. 59, p. 650,737, 1006, 1103; V. 60, p. 258,481,606,748, 794, 1103; v. 61, p. 68, 924, 1063; v. 62, p. 137. INVESTORS' SUPPLEMENT. 3i jVOL. L~II. Subscribers -will confer a great Cavor by giving Immediate notice oC any error discovered In these Tables. Bonds-Princl• INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or al,When Due. Amount Rate per When Where Payable, and by PStocks-Last of Par I'or explanation of column headings, &c., see notes of Whom. Road. Bonds Value. Outstanding Cent. Payable on first page of tables. Dividend. Uh, icago ~ N ortn Weste1-n-Common stock. , . . ....... 4,273 Pre erred stock (7 p. c. yearly , not cumulative) .. 4,273 PenlnsularRR. lst M.convertible (assumed)...... 109 Ch. & N. W. con. s. f. M. ($12,900,000), not dr'n . c" 788 Chic. & Mil. 1st M. Chica~ to Mil. (assumed).. 85 Cedar R~ids &Missouri iv.-Bonds assumed. tst mo . 3d Div., Des. M . River to Mo. River 149 Mort. of 1884, Ced. R. to Des M. River•........ 122 IowaMidl'd lstM., Lyons to Anamosa (assumed) 71 Madison extens.lst M., g. (s.f. $23,000, not dr'n) 129 Menominee ext.1st M. (s. f. $20,000, not dr'n, 114 Northwest. Union 1st .,g.,Mil.to Fond-du-Lac. 62 Chic. & N.W. gen. consol. M., g., s.f.,notdr'nc.*&r 1,670 Menominee River 1st M., two series (assumed)... 31 Mil. & Mad. 1st M., Mil. to Madison (assumed) .c* 82 Chicago & Tomah 1st mort., guar. (asrmmed) .. · } 152 Chicago Milwaukee & N. W. construe. do .. . 43 Escanaba&Lake SufieriorRR. lstM., (assumed). J)es Moines & Minn. stM.,Des M.to JewellJo.,&c. 57 OttumwaC.F.&Bt.P. lstM.($25,000p.m.), gu. . c.. 64 Northern Ill. lstM. ($20,000J:. mile),assumed . . c* 75 C.&N.W.s.f.b'ds of '79($15,0 06c.m.)red.at105.c&r 1,041 IowaDiv.1stM.for$1,411,0 0 ($20,000 p.m.)c* 71 Sinking fund debentures of 1933 (not dr'n).c*&r 25-year debentures of 1909 (see t ext, ... .. . c*&r .... 30•year debentures for $10,000,000 ..•..... c*&r .... Extension 4s, $20,000,000 ($20,000 p. m.) . . c&r .... Minnesota Valley Ry. 1st mortgage .. .... .. .. .. . . .... Plainview RR. lat mortg~e . . .. .. . .... .. .. ... . ... Winona & St. Peter 2d mo gage (now 1st) guar. . i39 lat mort. extens., ~old,land ~ant,s.f.,guar . .. c" 184 Maple River lat M., Br. to Map eton, (assumed) 60 Roch.&No. Minn. lstM.,in1.(asi:111medby.W&St.P.) 24 iJ:· ---· - -- .... isss 1865 1863 ~100 $39,060,38~ Text. 100 22,340,600 7 per an. 1,000 117,000 7 1,000 12,774,000 7 1,000 1,700,000 7 2,332,000 1866 500 &c. 769,000 1884 · 1,350,000 1870 1:000 2,977,500 1871 500 &c. 2,546,500 1871 500 &c. 1872 500 &c. 3,365,000 1872 500&c. 12,336,000 '76-'80 560,000 1,600,000 1880 1:000 1,528,000 { 1880 -··· 1882 601,000 1881 1:000 720,000 1,000 600,000 1882 1,000 1884 1,600,000 1,000 1,500,000 1885 1879 l,OOO&c 13,654,000 1,000 1,411,000 1891 1883 1,000&c 9,800,000 1884 1,000&c 5,369,000 1891 1,000&c 9,819,000 1886 1,000&c 18,632,000 .... 150,000 100,000 .... 1870-1 1:000 1,592,000 4,038,500 1871 100 &c. .... 402,500 1877 .... 200,000 1878 ---· 7 7 8 7 g. 7 g. 7 g. 7 g. 7 6 6 6 6 7 5 5 5&6 419 5 5 5 4 7 7 7 7 g. 7 7 J. ·& J. N.Y.,Co.'s0fflce,52Wall Jan. 3, 1896 Q.- J. do Jan. 3, 1896 do M.& 8. do Sept. 1, 1898 do Q,-F. do do Feb. 1, 1915 J. & J. do do July 1, 189" M.&N. J. & D. A. & 0 . A. & 0. J. & D. M.& 8. J. & D. J. & J. M.& 8. M.&N. M.&N. J. & J. F. &A. M.& 8. M.& 8. A. & 0. A. & 0. M.&N. M.&N. A15&0 F15&A.. A. & 0. M.& 8. M.&N. J. & D. J. & J. M.& 8. do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do do «lo do do do May June Oct. Apr. June June Dec. July Sept. Nov. Nov. July Feb. Moh. Moh. Oct. ~r. 1, 1916 1, 1909 1, 1900 1, 1911 1, 1911 1, 1917 1, 1902 1, 1906 1, 1905 1, 1905 1, 1905 1, 1901 1, 1907 1, 1909 1, 1910 1, 1929 1, 1902 ay 1, 1933 Nov. 1 1909 Apr. 15, 1921 Aug. 15, 1926 Oct. 1, 1908 Sept. 1, 1908 Nov. 1, 1907 Dec. 1, 1916 July 1, 1897 Sept. 1, 1908 I ·c111ca:Eo & North Westf'lrn.-( See Map.J-Opera tes an important the end of the fiscal year showed a total of $1,247,758. Th~ la.ndl 3ystem of roads uniting Chicago, Ill., with Omaha , Neb ., St. P a.ul, nnaoM anrt uncontracted for May 31, 1895, were 736,365 acres, agains Minn., with the great wheat b elts or Dakota , Nebraska, etc., and with 748,565 acres in 1894. See V. 61, p. 200. the minin g regions of Michigan and t he Bla ck Hills, includingGENERAL FINANCES.-In June, 189{,, $2,000,000 additional debenRoad ownedMiles. Con trolled by stock, Mi les· tures of 1909 were listed on N. Y. Stock E x cha nge, making total Lines owned in fee . .. ... . . ... 3,085 operated separatelyauthorized a nd issued $6,000,000.-See V. 61, p. 199. Entire stock own ed,Fremont Elk Horn & Mo. Val.1,301 Winona & St .Pe\er.... . . . . . . 4 49 Sioux City & Pacific. .... . .. . . 107 LATEST EARNINGS.-FromJa n. 1 to Nov. 30, 1895, 11 months, gross, Dakota Central. .. . . ...... .... 7 24 - - $28,888,613, against $27,012,703 in 1894 . Princeton & Western. ... ..... ltl Total or all . ... . .. . ... .. . : . .. 6,439 ANNUAL REPORT.-Fiscal year ends May 31. The annual meeting ls MilwaukeeLakeShore&W . .. 7 57 2d track ..... . ... .. . . ......... 394 - - , A lso has large interest in Chi- held the first Thursday in June. The report for 1894-95 given at l ength in V. 61. p. 194, 198. Bee also editorial, p. 176. Total inel. in earns .. . ...... 5,031 cago St. P a ul Minnea polis & Oma h a , 1,492 miles. The following statistics are for the Chicago & Northwestern proper the statistics of the Fremont Elkhorn & Mo. Valley are given furthe r HISTORY, &c.-The Chicago & North Western Railway was organtzed below and in the CHRONICLE, v. 61, p. 194. In 1859, and has since absorbed many other roads. In l>ecember, 1882, a controlling interest was acquired in the stock of Year endi nQ._ May 31. 1895. 1894. 1893. 1892. the Chicago St. Paul Minneapolis & Omaha Co., which see. Av erage miles oper. . 5,031 4,841 4,273 4,273 In July, 1884, the capital stocks (except a f e w shares) of the Fre- Passenger earnings .. $7,044,691 $9,226,467 $7,956,440 $7,298,880 mont Elkhorn & Mo. Valley and the Sioux City & Pacific were acquired Freight.. .. ... .... ..... 19,484,415 21,284,929 · 23,3'17,715 22,788,423 on the terms stated in the SUPPLEMENT of June, 1885, and prior issues. Mail, express, &c. ... l,5";9,268 1,474,786 1,375,59.t 1,334,969 Their securities, except those helil bv Chic. & N. W .. a r e in table above. In December, 1891, the Milwaukee Lake Shore & West ern RR. was Total earnlngs •.. $28,108,374 $31,986,187 $32,709,747 $31,422,272 bought by an exchange of stock, and on Sept. 1, 1893, it was formally of way {$4,471,160 $3,920,697 merged into the Clt. & N. ,W., all its liabilities and duties being.as• Mamten'nce " cars,&c. $17503917 $19,867,621:l 3,386,053 3,164,548 sumed. See V. 57, p. 375; V, 56, p. 792. · Transp't'n&miscel. · 13,433,750 12,323,031 CAPITAL S1'0 CK.- Of the common stock $2,333,078, a nd preferred Taxes. ...... ... ..... . . 1,007,811 1,040,302 1,002,190 928,162 $3,285 remained in thA co's treasury in June, 1895. Pref. stock haF1 ,a prior right to 7 p. c.: then common 7 p. c.; then preferred 3 per cent; Total expenses . . $18,511,728 $20,907,930 $22,293,153 $20,336,438 then common 3 per cent; then both classes share. Net earnings...... . .. $9,596,646 $11,078,252 $10,416,594 $11,085,834 P. c. ex p. to earnings (6fi•86) (65·37) (68 ·15) (64·72) DIVIDENDS Fiu ce 1882'83. '84 . '85. '86to'93 '94. '95. '96. 652,274 431,673 767,635 317,736 Common . ....... . ... . .. 7 7 612 6 y early 3 4 Below. Investments, etc..... Preferred . . .'.... ... . ... 8 a 712 7 yearly to J a nuary, U:!96. Total receipts .... $10,248,920 $11,509,925 $11,184,229 $11,403,570 Dividenrt s on ('Ommon were formerly paid June a nd Dec. 30. The dividend on co mmon due D Pc. 30, 1~94, was paid Jan. 3, 1 895 , a n d w as Intereston debt . .... . $7,071,135 $6,875,232 $6,204,319 $6,072,960 for 212 p er cent inst ead of 3 p er ce nt, a s fl)r many previous h a lf-yea r s. Dividends. ........... 3,125,546 3,906,594 3,906,562 3,6 ,5,735 Sinking fund. .. .... . .. 325,830 327,150 200,200 410,425 Common in 1896- January, 212 p e r cent. Milwaukee Fire acct . .... . . .. . . ... . .. 222,870 . ...... . BONDS.-Thefeneral consol. m ortgage of 1872 is a mortgage on a ll the property o the compa ny a t the date of the mortgage; the i ssue Totaldisbursm'ts.$10,522,511 $11,108,976 $10,533,951 $10,159,120 :,an be increased onl11 to retire a like amount of prior bonds. Balance, surplus._ . . def.$27~,591 $400,949 $650,278 $1,244,450 The sinking fund bonds of 1879 are secured by deposit in trust of $15,000,0 0 of 1st mortgage bonds at $15,000 per mile on sub• FREMONT ELl(HORN & MISSOURI VALLEY. sidiary lines, the most important being d escribed in SUPPLEMENT of Y1·.end.May31. 1895. 1894. 1893. 1892. May, 1894. Of the sinking fund bonds of 1879 $6,251,000 are 6s; the sinking fund is at least 1 per cent of outstanding bonds, which Gross earnings .. ...•• $2,666,642 $3,334,756 $3,653,678 $3,481,236692,834 1,093,8r 2 1 ,151,236 1,104,349' are subject to call at 105; and through its operation the amount Net earnings . ........ Total charges.... . .. . 1,025,029 1,028,308 1,030,669 1,031,477 outstanding has been reduced from $15,000,000 to the present figure. The Iowa Division bonds of 1891 cover road from Wall Lake to Balance... . ........ . def.$332,195 sur.$65,544 sr.$120,567 sur.$72,872 Kingsley, Iowa, 71 miles. Bee V. 55, p. 217. The sinking fund d ebentures of 1933 have a sinking fund of $200,000 BALANCE SHEET. - -Balance sheets of Ch. & No. W. May 31 as below : per year, if they can be redeemed at 105. These, as also the d e· Assets1895. 1894. 1893. bentures of 1884 and 1891, will be secured by any future mortgage R d d e ui t $180 795 491 $180 209 711 $165 935 481 excepting any mortgage "for the enlargement, improvement or extenoa an ~ pmen · · · · · ·· • • • 22 ' 834 •958 ' 921 ' 022 • • nd 23 5 sion of the company's property." Sef'I description of all the debentures Bo s owne · ··· ·· ······ ···· •• * , , * , , *l ,ooo,o 97 on paa,e 2, SUPPLEMENT of April, 1895. The 25-year debenture mort- Btocksowned...... . ........... 14,317,863 14,317,742 22,053,474 ,, -4and grant investments...... 466,925 457,982 420,925 gage o!' 1884 is for $6,000,000, and bonds outstanding have been re- Bills and accounts receivable. 1,421,649 1,700,008 1,980,464 duced to present fi g ures b y sinking fund purchases under which $521,· M te · 1 fu 1 & 1 866 138 1 777 254 1 886 959 000 were held alive June 30, 1895. ca~h ~!~an3.: .. ~::::::::::::: 2:311:461 2:309,607 2:793;753 The extension bonds of 18.86 are secured by deposit in trust of first Trustees of sinking fund...... 7,201,571 6,817,106 6,486,181 mortgage bonds at n rate nol exceeding $20,000 per mile. Incmded in ----- ---the collateral June 1, 1895, were $10,675,000 Fremont Elk Horn & Mo: Total assets ............ . •. $231,216,056 $231,510,432 $216,557,324 Valley lsts and $2,560,000 Wyoming Central lstl'I [the Wy. Cent. hav• LialnUtiesing been consolidated with F . E. & M. V.], etc. To Jan., 1896, Exten- Btock,common andpreferred.,r$63,726,321 $63,726,321 $63,724,821 sion 4s for $18,632.000 '1ad bMn listed on N. Y. Stock Exchange, of st• k Of ri t• d & 519 510 519 510 519 510 which, June 30, 1895, $943,000 w er e held alive in sinking fundR. Bee c s a_rop e ry i:oa s • c. • ·• , F. E. & M. v. bonds b elow. Union Trust Co. of N. Y., trustee. Bonded ebt . . ................ 131,664,500 130,113,500 117,100,500 Purchase acct. M. L. S. & W.. . 8,508,000 8,550,000 The Fremont Elkhorn & Missouri Valley consols have a first lien on Dividends declared, not due.. 976,64 8 1,562,434 1,562,434 1,170 miles (Fremont Neb., to Deadwood, D. T., 557 miles, and Binkin~ funds paid .....•...... t 6,129,761 6 ,8l 7,l0 6 lf branches to Hastings, Albion, &c., 613 miles), but besides the amount Accretions to sinking fund ... 5 7 , 2 0 1 , 571 356,420 of issue given as outstanding in the table $10,675,000 are held as part Securities for cap. stock iss'd. 2,334,267 2,334,267 10,009,823 -0ollateril for Chicago & Northwestern extension bonds of 1886. The Securities retired from income 1,136,000 890,000 640,000 .Northwestern assumed $3,600.000 of the Fremont Elkhorn & Missouri Current bills, pay-rolls, &c. .. . 1,387,942 1,802,232 2,390,486 Valley bonds and guarantees the rest. Bee guaranty V. 56, p . 650. Uncollected coupons, &c...... 155,614 175,748 123,356 1,141,802 . . . •, «· The Mi lwaukee Lake Shore~ Western debentures are convertible into Due to roads in Iowa.••••••· •• • •o· 1,440,077 131,325 1 7 9 f!tock at par at any time within ten days. after the date :fl.xed for payment Consolidation Coal Co. . . .... .. 174,!i69 1 ,674,428, of dividends on com. stock. The Ontonagon lat mort. bonds are sub- Accrued and accruinginter'st. 1,849,134 1,846,387 284,429 jeclito call $25,000 per year at par, and all redeemable at 105. The ex- Miscellaneous..... ............ i2521803 167,525 3,403,267 tension and improvement mdrtgage sinking fund · commences in 1893,· Land income account...... . .. 3,832,484 3,624,345 7,365,462 and will receive not less than $25,000 yearly; these bonds are not Railroad income account..... 7,492,821 7,766,411 subject to call. ----ln addition to the company's bonds, as shown in the table above, Total liabilities ....•• . .... $231,216,l56 $231,510,432 $216,5!'i7,324 there were May 31, 1895, $2,512,500 alive in the sink:ing fund. LAND GRANT.-The report for 1894-95 showed that the total considerIncludes $13,235,000 bonds pledged as collateral: ' ation for the lands and lots sold in that year amounted t-0 $152,676. ,r Including $2,333,078 common and $3,285 pref. m Co. s treasury. Total cash receipts were $316,771. The statement of amounts secured -(V. 59, p. 228, 229, 254, 21}0, 968; V. 60. p. 218, 242, 349, 873,. to be paid to the company by outstanding contracts of sale in force at 1008, 1057, 1144; V. 61, p. 176, HM, 198, 1U4.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I ---- 1-.-- = " MAP O F THE CHICAGO & NORTH WESTERNN RAILWAY SYSTEM. 1895. ~ Chicago & North-Western Railway ----L-1--•ML..a ■ C:hi 2ago St.Paul, Minneapolis & Omaha Ry, ■ ■■■■■■■ •Fremont Elkhorn & Missouri Valley Railroad W90&WYWW91b·Sioux City & Pacific Railroad . 0 ! ~ 1, ~ fJ 8E--\ 00 ~ ! ,--, ! ~ ~ ~ ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8teeJa INVESTORS' 40 SUPPLEMENT. I VOL. LXII. S11b111crtbers -will confer a great favor by giving irnrnediate notice of any error discovered in these Tables. Bonds-PrmciRAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or pal,When Due. Amount of For explanation of column headings, &c., see notes of Par Rate per When Where Payable, and by Stocks-Last on first page of tables. Road. Bonda Value. Outstanding Cent. Payable Whom. Dividend. --- ·----- Ohic. d North W.-(Oon.)-Dakota Cent. lstM., gu. 71 1882 $1,007,000 6 M. & S. N. Y., Office, 52 Wall St. Dak.Cent. lst M. on So'east Div. (to Ilawarden) gu. 125 1882 2,000,000 6 M.&N. . do do 1,170 Frem.Elk. &M. V.consolM.$20,000p.m.seetext. 1883 $i:o·oo 7,725,000 6 A. & 0. do do Sioux t.,'ity & Pac. pref. stock (1st mort. on 6 m.). 15 100 169,000 7 per an. A. & 0. do do 1st M. Sioux City to Fremont (assumed.) ...... 101 is6·8 500 &c. 1,628,000 6 J. & J. do do 2d M.Gov't lien (accr.int.J a,n. 1,'96 $2,446,751). 101 1868 500 &c. 1,628,320 6 J. & J. U.S. Treas., at maturity. 1,000 Milw. L. Sh. & W., Uonsol. M. (now 1st) ~old .. . c* 416 1881 5,000,000 6 g. M.&N. N. Y. Office, 52 Wall St. Michigan Div. 1st mort. (for $3,000,0 0), g . . c .. 85 1884 1,000 1,281,000 6 g. J. & J. do do Ashland Division 1st mortgage, gold. . .. .. .... c* 40 1885 1,000 6 g. M.& s. 1,000.000 do do 1st Ms. Hurley& Onton. br'ches,g.,(dr'nat 100).c 16 1886 1,000 22,000 6 g. A. & O. do do 1,000 Conv. debentures, secured by mort of '89 ~ .. c~ 697 1887 436,000 5 g. F. & A. do do Ext. & Imp. M. for $5,000,000, g., s.f. not ih n.c* 697 1889 1,000 4,148,000 5 g. F. & A. do do Income bonds (not cumulative) ................ r 1881 1,000 500,000 6 M.&N. do do Marsh. Ex.lstM.for$600,000 ($15,000p. m.) .c* ·40 1892 1,000 400,000 5 A. & 0. do do 1,000 St. P. E. Gr'd T. lst,M. ~ .•int.gu.by M. L. S.&W.c* 56 1883 1,120,000 6 g. J. & J. do do 1,000 Chic. Pad. cf: .Memph.-lst M., $15 1000 p. m., Eold.c* 105 1894 1,575,000 5 g. J. & J. N. Y., Cent. Tr. & St. L. 011,wago Peoria d St. Louis-Receivers' certi cates. '94-'95 500,000 6 1st mortgage, gold ........ .......... .. ........ . ... c* 1888 i:ooo 1,500,000 5 g. M:·&··s. Mch., '93, coup. last pd. 1st consol.M.g. ($15,000 p.mJ($300,000 are 6s).c* 170 1889 1,000 1,041,000 5 &6 g. M.&N. May, '93, coup. last pd. Consol. mort. for $20,000 per mile, gold . . . ... ... o 1891 1,000 1,276,000 5 g. J. & D. June, 93, coup. last pd. BONDS AFTER REORGANIZATION1st mort. for $5,225.000, gold .. . . ..••.. . ... . .• .•.. .... . 1895 ...... 5,225,000 4 g. s'mi•an. . ......... . . . 2d mtge. non-cum. income s, gold. , ...... . ... . ..... .... 1895 4,220,000 g. .. ioo 46,156,000 See 4text. OhicagfJ.Rocklsland&Pac.-Stock (for 150,000,000) Q.::.F. New York and Chicago. 1st mort., Chic., Ill., to CouncilBluffs branches.c* 736 i877 1,000&c 12,100,000 6 J. & J. N. Y., Broad St. Chic. & Southw. 1st M. (g'd in cur. by C.R.I.&P.). 268 1869 100 &c. 5,000,000 M.&N. do do 7 1st M. ext. and col. ($20,000 ~- m.) red. aft. '94.c&r 2,153 1884 1,000&c 40,430,000 do 5 J. & J. do Debenture bonds (redeemab eat 105) ...... . c*&r. 1891 1,000&c 4,500,000 M.& 8. 5 do do 100 18,559,253 Ohicaf/ St. PaulMinneapol'is ct; Oma/ta-Com. stock. Pre erred stock, non•cumulati ve (see text) ....... 100 11,259,912 N, Y., oiii08;52Wall St. St. Paul Stillwater & Taylors' Falls 1st mort . ... c ·2i is.:,s· 500 &c. 334,800 7 .r. & J. do do Rud. & River Falls 1st M.,Hudson to River Falls. c 12 1878 1,000 125,000 8 J. & J. do do Ch.St. P.& Minn.1st M.,g.,Elroyto L. St.C. ass'd.c.. 177 1878 500 &c. 3,000,000 6 i,:. M. & N. do '10 fao ---- ---- ---- Chicago Pad uca~i. & lU e _r nphls KK.-Proj e ct~d from Alta• mont, Ill., ~o MetrOJ!Olls , 152 mlles, with bra_nch 20 1!Jiles. In July. 1895, was m operat10n from ~ltamont to ~fari~n, 90 miles. ~ltamont to Wab_ash RR. Junction, 8 .m!les. Or,g-amzed m 1893. pap1tal sto~kauthorized $2,500,000 ; paid 11:1 $1,500,000. The St. Loms Trust Co. 1s trustee of the mortgage. President, W. L. Huse, St. Louis. Ch icago Peoria & St. Louts.- Owns from Pekin, Ill., to .Jackson· ville, Ill., and Havana to Springfield, 120 miles, and Litchfield to East st. Louis, 50 miles; uses Merchants' Brid~e into St. Loms, 2 miles.; track· a.Q-;e, 13 m. Extension to Rock Island vartly graded, Owns a one· quarter interest in the Peoria & Pekin Umon. REORGANIZATl" N.-In Au~ust, 1895, a n~w reorganization plan was proposed, the ol.l one havm~ proved impracticable. The new plan (see V. 61, p. 365) provided for a transfer of the property to the St. Louis Alton & Terre Haute, whicb was to guarantee an issue 1,f boncls to retire old t>onds and for other purposes. It also provided, in case this transfer could not be made for any reason, for reor/,lanization as an tndepenoent property. ln October, 1895, it was announced that owin#;{ to a dispute among t1 1 ~ bonrlhotd,·rs the; 3:greem~nt witb. the St. Louis Alton & Terre Haute could not be carried out. The property was, old in foreclosure iu September, 1895, for $2,100,000 to the reor· ganizatlon committee and sale l1as since been confirmed. The new common stock will be about $5,000,000. See V. 61, p. 661, 703. FLOATING DEBT.-On Sept. 21, 1893,_the Chic. Peoria & St. L. had unpaid taxes, vouchers and pay rolls, $:,34,600; car trusts and equip· ment notes, :tl-407,922; loans, including joint liability on advances for betterments by .Adams Express Company, $402,402; total,$1,144,924. In December, 1895, old Touchers, taxes and pay.rolls except about $60 ,000 had·been paid. · In May, 1894, $300.000 receiverR' certificates were authorized, and in June, 1895, $200,000 additional for construct10n and equipment. EARNINGS.-[ncluding Jacksonv. Louisville & St. L., 112 miles. From .Tan. 1 to Sept. 30, 1895 (9 months), gross earnings were $681,012, against $577.783 in 1894. For year ending June 30, 1895, on 233 miles, gross $933,646; net $289,881; rental of Peoria & Pekin Union $22,500; taxes $28,144; balance for interest $189,236. For year 1894 ~oss, !!'901,393, against $966,626 in 1893. (V. 60, p. 110'.l, 1147; V. 61,p.68,195,239,280,324,365,470,55~,661,703,793,870.) Ch icago K ock 1.sla n d & P acUlc.- rSee MapJ-ROAD.-Operatea from Chicago, Ill., via Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas City, Mo., to Fort Worth, Texas, with hranches. The system, as will be seen on e.djoining map, includes : Lines ownedMiles. Leased, etc.-(11Which see.) Miles Chic.,111.,toCouncilBluffs,Ia. 499 Peoria& BureauValley .... ,r 47 D avenp't, Ia., to Atch'n, Kan. 342 Keokuk & Des Moines . ..... ,r 162 Elwood to Liberal, Kan.. . ... 440 Des Moines & Fort Dodge. . ,r 143 Herington,Kan.,toTerral,I.T. 349 Trackage to Kansas City, Horton, Kan., toRoswell,Col. 569 No. Topeka, Kan., Denver, Branches............ . ......... 682 Col., Pueblo, Col., etc...... 338 I s.e·text.lF:·;.·A. I Miles Year ending March :nowned and operated... Total owned Apr. 1, 1895 .2,881 Tot.linesoper.Apr.1,1895.3,571 The Chicago Rock Island & Texas, from Terral to Fort Worth, Tex., 9 3 miles, was completed in July, 1893. It is owned by the Rock Island, and its bonds are all deposited for the R. L extension and collateral mortgage. but the road is operated separately. V. f.1, p. 793. HISTORY.-The present Chicago Rock Island & Pacific was a con· t: Olldation June 4, 1880, with $50,000,000 stock authorized, and a stock dividend of 100 per cent to the holders of Rock Island stock, Chicago Kansas & Nebraska is now owned in tee simple. V. 5:i, p. 223, DIVIDENDS 5 1888 '89 '90 '91. '92. '93, '94. '95. '96 since .87, . ct. { 612 4 4 3 4 4 312 2 below In 1896, Feb., 12 p. c. From 1881 to 1887, 7 p. c. per annum was paid. B ONDS.-The extension and collateral trust 5 per cent bonds (trustee or mortgage United States Trust Company) are issued at the rate of $15,000 per mile for single track_., $5,000 per mile additional for equip• ment and $7 500 for seconu track. They are secured by the d lrect lien of a first mortgage or by deposit with the trustee of an equal it.mount of tlrst mort. 6 p. c. bonds of branch lines, and (~ince July 1, 1894,) are red'le at 105 in the order of their numbers.beginning with the lowest. On Dec. 29, 1894, there were $40,444,000 of these bonds outstandm~, and $268,000 had been canceled for the sinking fund; of the total originally sold $32,298,000 were issued at $15,000 per mile on 2,153 miles of track; $1,200,000 for Kansas City terminal property and $7 214,000 for equipment. See mortgage abstract, V. 47, p. 260. The debentures of 1891 (U. S. Trust Co., trustee) were issued to pay for terminals and betterments as needed. The issue is for $10,000,000 and the bonds are redeemable on notice any coupon day at 105. In June, 1894, $1,500,000 debentures were sold for improv ements. See description of debentures on page 3 SUPPLEMENT or April, 1895. GENERAL FINANCES.-The sale in Oct., 1894, o·f the Minneapolis & St. Louis-which see-realized for the Rock Island $3,832,000 in casb. v. 59, p. 738. EARNINGS.-From Jan. 1 to Dec. 31, 1895 (12 months), gross $15,353,· 825, against $16,333,856 in 1894. ANNUAL REPORT.-The fiscal year ends March 31. Annual meetin11 is held in Chicago on the first Wednesday in .Tune. Report for 1894•95 tn full was in V. 60, p. 988, 1007, 1011. Earnings, &c.. have been: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Sept. 1, 1907 Nov. 1, 1907 Oct. 1, 1933 Oct. 1, 1895Jan. 1, 1898 Mar. '98&'99 May 1, 1921 July 1, 1924 Moh. 1, 1925 Apr. 1, 1896 Feb. 1, 1907 Feb. 1, 1929 May 1, 1911 Oct. 1, 1922 Jan. 1, 191~ July 1, 1924 In or bef.2 yrs. Mar. 1, 192~ May 1, 193~ June 1, 1941 1895. 3,571 Passenger earnings . . • . . . . . • $4,338,053 Freight ...... . ............ . .... 11,206,686 Mail, express, rentals etc.... 1,876,077 ' ____ Gross earnings ............ $17,420,816 1895. Operating expenses ..•........ $12,682,26 L Net earnin,g-s...... .... .• . . $4,738,555 P. c. of oper. exp. to earns.... (72·~0\ From land department, etc.. 15,644 19~5 . 1945 . Feb. 1, 1896 July 1, 1917 Nov. 1, 1899 July 1, · 1934 Sept. 1, 1921 Feb: 20; ·i896 Jan. 1, 1908 July 1, 1908 May 1, 1918 1894. 3,571 $6,538,568 12,852,979 1,647,527 1893. 3,610 $5,843,146 13,302,196 1,825,768 1894. $14,977,480 $20,971.110 1895. $15,083,689 --$21,039,074 $6,061,594 (71·14) 43,038 ---- $5,887,421 (71·!}3) 60,000 $5,947,421 Total income ...•.•....•••• $4,754,199 $6,104,632 $692,617 $739,016 Rent leased roads..... . ....... $694,924 3,199,82f> 3,038,786 Interest on debt............... 3,318,525 121,566 157,460 Missouri River bridges....... 157,60 8 Dividends ......•...•........•. (3) 1,384,674 (4) 1,846,232 .(4) 1,846,232 Balance .......... . ...•...•••.. def.$801,532 sur.$208,498 s ur.$201,821 Premium on M. & St. L.bonds 407,400 Def'd int. on M. & St. L. bonds 746,679 Surplus bal. for year......... $352,547 ·$208,498 $201,821. -(V. 59, p. 738; V. 60. p. 98 8, 1 00 7, 1 011 ; V. 61, p, 793.) Chic a g o St. P a ul & Kan. C lty . -See CHICAGO GREAT WESTER1'. Chic a :ro St. Paul ll.linn e a p o lls & Omaha.-( See Map Ohicago d North Western.J-RO..l.D.-Mainline-Elroy, Wis., to Omaha, Neb., 593 miles; other lines, 899 miles; total, 1,492 miles, of which 1,-!23 miles are owned and 69 miles leased. Superior Short Line (formerly leased) was purchased in June, 1895, and formallyabsorbed.-V. 61, p. 280. HISTORY.-This was a consolidation J uly, 1880, of the Chicago St . Paul & MinnE.'lapolis, the North Wisconsin and the St. Paul & Sioux City. In November, 1882, a controlling interest in the stock was purchased for the Chicago & North Western Railway by the acquisition of 93,200 shares of common and 53,800 shares of preferred. STOCK.-Authorized common, $21,403,293; preferred, $12,646,833. Held by the company Dec. 31, 1894, common stock and scrip, $2,844,040; preferred stock and ElCrip, $1,386,921. Preferred stock has a prior right to non·cumulative dividend of 7 per cent; but common is never to receive more than is paid on preferred. DIVIDENDS,-Since ' 87. 5 '88. '89. '90. '91. '92. '93. ' 94. '95. '96. Preferred,Per cent. { 6 3 4 4 612 7 7 7 below In 1896, Feb., 312 p, c. BONDS.-In 1893 consols for $276,000 were issued. There are also $75,000 Minneapolis Eastern 1st m. , guar., 7s, due Jan. 1, 1909. LANDS.-The land sales in 1894 were 29,538 acres, for $59,366, including lots; land contracts and notes on hand December 31, 1894, $307,103; lands undisposed of, 444,700 acres. LATEST EARNINGS.-From Jan. 1 to Nov. 3 0 , 1895 (11 months), gross. $6,849,640, against $6,763,530 in 1894. ANNUAL REPORT.-Report for 1894 was in V. 60, p. 389. 1892. Year ending Dec. 311894. 1893. 1,440 Average miles operated........ 1,492 1,485 $2,135,338 Passenger earnings ..........•.. $1,684,409 $2,072,099 6,689,015 Freight..... . .................... 5,215,609 5,893,011 372,589 Mail, express, &c. ......... .. . . 397,601 363,818 Total gross earnings .••...•. $7,297,619 Opera.ting expenses and taxes. 4,946,184 $8,328,928 5,843,533 $9,196,942' 6,368,296 Net earnings .•......•.....•. $2,351,435 Net rentals paid................ 109,137 Net int.on debt (less othflr inc.) 1,412,300 Div. on pref. stock .............. (7) 787,976 Loss on prop. roads ........... . $2,485,395 141,720 1,378,599 (7)787,976 $2,828,646 92,672' 1,346,782 (7) 787,976 34,524 $566,692 Surplus of RR. Co.............. $42,022 $177,100 $368,468 Net from land sales . ........... . $230,076 $132.332 -(V. 59, p. 152; V. 60, p. 175, 389, 1057; V. 61, p. 280.) Chicago & Southeastern K y. - Operates Anderson, Ind., to Brazil, Ind., 109 mil,es, of which 12 miles, Waveland to Sand Creek, is trackagfl over St. L. Van. & T . H., leaving 97 mileR owned. Extensions to Muncie and Lima were under consideration in Nov. , 1895. Formed in 189 l to succeed Midland of llldiana, reorganized. The Midland of Ind. mortgage (assumed) ha~ been limited to S:375,000 Midland Ry. of Ind. interest due July 1, 1R94, was paid in D ec., 1894, and the January, 1895, interest was not paid when due. (V. 59, p. 968, 1057; V. 61, p. 324, 924.) CIJ.lca e;o & So u t h Sid e Rapi d 'l'ran slt.-(" A.H ey Elevat e d. ,~ -See STREET RAILWAY SUPPLEMENT. <"llt cago & T exas .-Owns from Cape Girardeau. Mo .• to Carbondale, Ill., and branch to Harrison, Ill., 60 miles; 56 and 60-l b. steel. M IIIIC ~ .Ji ~0 P=l ~ 00. ~ 0 0 E-4 00. ~0 ~ MAP OF THE CHICAGO, ROCK ISLAND ~ ~ ~ ~z II '"pv· II <11 '"? https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1, ! I . I N '-~"•'~"/LA : ntoE X ')co 1 AND ~ £ PACIFIC RAILWAY SYSTEM AND ITS CONNECTIONS. r . ·.1~VE:STU.m:i' ::;UPPLEM,ENT. fVoL. LXII. "l11.b8crlber8 will confer a great favor by giving Immediate notice of any error discovered In these Tables. - - - - c-----,,--..,,....-Bonds-Pnno1RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or pal,When Due. A.mount of Par or explanation or column headings, &o., see notes of Rate per When Where P,Wtable, and by .stocks-Last Road. Bonds Value. Outstanding Cent. Payable on first page of tables. hom. Dividend. - - - - - - - - - - ---- - - - 0 hie. St. J->aul Minneap. & Omaha-(Concl'd)St. P. & Si'x C. 1st. M,g. ($7,000,000)$10,000p.m. o 607 1879 $1,000 $6,070,000 6 g. A. & 0. N. Y. Office, 52 Wall St. Apr. 1, 1919 1,000 80 1880 No. Wis.1st M. Lake :-t.C. ton'rSpooner ass'med.c"' 800,000 J. & J. 6 do do Jan. 1, 1930 1,000 37 1890 400,000 Bault Ste. Marie & Southwest'n 1st M., assumed.c M.&N. do 5 Nov. 1, 1915, do 1,000 14,006,327 J. & D. do June 1, 1930 Ch.St. P .M.&O.con.M.,$30,000,000($15:>0p.m)c~ 1,4~~ 1880 6 do 1887 hicago ~.Southeastern-Mid.of Ind.1st ., gold .. c 1,000 375,000 6 g. & J. See text. J. Jan. 1, 1917 0 (1) 94 1891 5 g. Consol. mortgage, $20,000 per mile, gold ........ Oct. 1, 1921 60 1893 972,000 5 g. A:·&:·o. N. Y., Mercantile Tr. Co. Apr. 1, 1933 0 hicago ct Texas-1st mort., $2,500,000,Jold ... c&r 48 1879 1,000 1,395,000 6 g. M.&N. N. Y., J.P.Morgan & Co. Nov. 1, 1919 0 hie. ~ W. Jnd.-lst M.~. f., subj. ca. at 105.c# 48 82·92 1,000 9,652,666 6 g. Q.-M. do Dec. 1, 1932 General mortJJ.old, s g fund, see text ..... c* do 100 7,511,800 Bee text. F. & A. See text. Feb. 15, 1893 ahicago ~ West ichigan-Btock (in trust $63,600). "'10 500 &o. 19,000 Grand Rapids Newaygo & Lake Sh. let M.2d Div. J. &D. N. Y., Un. Tr. & Boston. June 1, 1905 7 1,000 5,75ti,OOO See text. Dec. 1, 1921 (lhio. & West Mich. general mort. ($12,0008.m.) .o* 482 1881 5 J. & D. 1,000 1,667,000 Ch.& No.Mioh.lstM.,~u.,p.&l.end.$18,00 p. m.c* 93 1891 M.&N. See text. May 1, 1931 5 1,000 318,000 J. & D. Mich. Equip. Co. lstM,, gu.p.&i., s.f. red. at 100.r ·-·· 1892 Boston. June 1, 1902 6 1894-5 278,437 Semi-an 1904-5 5 Coupon scrir December, 1895 .................... ·········· 1,000,000 97 1894 6 g. A. & O. Philadelphia. Oct. 1, 1919 0 hoctaw Okla iomo & Gulf RR.-Priorlien,g.,text.o* 1,000 4,141,000 General mortgage, $5,500,000, gold ............. c"' .... 1894 5 g . J. & J. Phil., Or. 420Walnut St. Oct. 1, 1919 1894 1,000 1,097,000 3d mort. incomt- bonds, $1,100,000, s. f., gold.. c* 5 g. Feb. 1. 1st coup. Feti., '97. Oct. 1, 1944, .... (1) ...... Cartrusts........................................... .... 1898-1000 See text. see·iext. ..... cinciiiii.ati. See text. 0 in. Ham. & Day.-New com. stock, $8,000,000 ... .... 100 1,000,000 4 per an. Q.- .J. do Jan., 18~6 Prefe1Ted stock, Series A & B ; $~00,000 each .... -·-· .... 100 613,900 4 per an. ~.-M. do Dec., 1895 do "Ea~le" i.e. "legal" not ille a1 Ives stk. (1) .-F. Feb. 4 , 1896 New preferred 5 p. c. non•cum., $8,0 0,000 ...... 5 i:[)00 996,000 A. & O. N. Y.,Kessler&Co54Wall Oct. 1, 1906 Consolidated mort. (now ht) $ & £, sink. fund. o* 7 1,000 1,347,000 do do •••.......••.•..•. o* 60 1875 A.. & o. do do Oct. 1, 1905 6 1,000 410,000 60 1875 A. & O. do do Oct. 1, 190~ 5 do .................. o* do 1000 2,000,000 4½)g. J. & J. Second mortgage, gold ............•.......•••.... o* do do Jan. 1, 1937 69 1887 60 1892 1,000 3,000,000 General mortgage, $7,800,000, gold ............ o* 5 g. J. & D. N.Y.,Blair&Co.,33Wall June 1, 1942 1,000 3,500,000 5 g. M. & N. N. Y.,Kessler&Co54Wa.ll May 1, 1941 9in. DaY:. & Iron., l_st M., gold, ~ar. (assumed.o* 164 1891 1, I )0 2,500,000 J. & .J. N.Y.,Kessler&Co54Wall Jan. 1, 1903 99 1873 7 Oin. Hamilton & Indian~.g--lst ., guar. p. & 1. •. 1,000 June, 1943 99 1893 1,333,000 5 g. J. & D. do do General mort. for $3,80 ,000, gold, to be ~uar ... 331 1,000 4,23ll,OOO 4 g. J. & ·D. Dec.,'94, coup. not paid June 1, 199 1 Oinn. Jackson~ Mack.-1st M. for ·$ 4,800,0 0, g.o* 189i i:ooo is15 0 ------· ---· 8 i:ooo ..ioo ·-·· ·so i875 I A consolidation in 1893 of Grand Tower & Cape Girardeau and Grand President, Francis I. Gowen, Philadelphia.-(V. 59, p. 116, 290, 472, Tower & Carbondale. Common stock authorized, $1,500,000; non•cu- 501,600,835; V. 60, p. 431, 835, 1057; V. 61, p. 68,516, 610, 1012.) mulatlve 5 per cent preferred, $1,000,000; par, $100. All ou~iltan_d~ng Cincinnati Dayton & Ironton.-See Oincin. Ham. ti Dayton. July 1, 1894, and bonded . debt was $972,0flO; current llabillt1es, $23,492. First 5s for $1,500,000 are reserved for extensions. Year Olncl_nnatl Hamll_to~i k _Dayton Ky.-(See M~p.)-Operates a. ending June 30, 1894, gross, $166,301; net, $47,243; charges, $52,965. direct line. between Cmcmnati and Toledo, Ohio, with branches to (V 5 7 p 255 ) 1:ndianapohs, Ind., and Ironton, on the Norfolk & Western, etc. ·· ' · · . . Road owned-(~ See this Oo.).Miles. , Roads controlledMiles. Ohlca~o k 'Yes.tern .Indla~~:.-0-wp.s a valuable termmal sys- Cincinnati to Dayton, 0 ........ 60 <1incinnati Hamilton & Ind ... ,r 99 tern of roads a:florrtmg entrance mto Ch1c~go to the roads D:amed Cincinnati Dayton& Ironton .. 164 Cincinnati & Dayton ........... 13 below. Its lines e~tend from, Dearbo:r;n Btat10n, Po~k Street, c_hicago, Cin. Dayton & Chicago 1 eto .... 1431 to -polton, ~ 7 m1lP-s, also to . Indiaua )?tat? Lme, 10 .m~l~s, to Trackage .............. ; •••••••• 2u Total of all .................. 641 Cragm 1 16 m!les, and to ljouth Chicago, ts. ii:iiles, tot.-11,_4& mile~, total Roads leased. j Owns jointly with Big Four Daytr:rnk, moludmg 2d, 3d, 4th tracks and siding!", 194 miles; a~sQ owns Dayton & Michigan.: ........ fil42 ton & Union. 860 acres of real estate, passenger and freight yards, warehouses, . . . elevators, etc. The Belt Ry. of Chicago leases and operates 72 miles of HISTORY, ETc.-Chartere~ m 1846. . Mam lin" opened h• 18~1. the 194 miles owned by the Ch. & w. r., its securitiel'.I bemg all held by Leased lines added at v_ar10us time!" smce. In July, 1895, th_e Cm. the companies leasing the Chicago & w. r.. see v. 60 p. 1056. D~yton & Ironton and _Cm. D. & Chicago were for~ally consolidated . , ' ' with the C. H. & D. Ra'l,lroad under the name of Cm. Ham. & Dayton LEASES.-Tlus company s road and ~rmina,is are leased un~er per- Railway. v. 60, p. 1104: v. 61, p. 68. Indiana Decatur & Western petual contra~ts to the Wabash, th~ Chio. & Grand T1:unk, the Chicago & stock control was acquired in the interest of the C.H. & D. in December. Ea!:!tern Illinois, the Chicago & Erie _and the Louisville New Albany & 1895, and that property will be operated in connection with the C. H. Chicago, each of which five compames owns $1,000,000 stock. Tiley & D system v 61 p 100 4 are also leased to the Atchison, the Elgin Joliet & Eastern and the Belt • · . · ' · · . Railway. The annual rentals provided by the leases must al ways ~x8TOCK.-Cap1tal stock of C. :s;. & D. Railway is comm~m $8,000,000; ceed by at least 20 per cent the interest on the bonds at any time out- pref~rred 5 p. o. non•cumulat1ve, $8,000,000. Old railroad common standing received 165100 shares of the new preferred and 2 shares of new com. . . mon for each old share. Oldfreferred (4 p. c. cumulative) has option CA.PI'.l'AL STOCK, ~fi-~00,00~, all owned as_ above stated. DiVIdends of remaining unchanged or o exchange for new preferred, s hare for 6 p. c. m 189~; I~ 18 _..., o p.o.; m 1894, 6 P, c:; m 1895, 6 P• c. • share. 'l'he C. D. & I. and C. D. & C. old stocks, which were all in C. B0Nos.-S1!llimgfun_dpayments (amountmgin 1894 to about $14~,000) H. & D. treasury were extinguished. annually retire a portion of the tl.rst mortgage bonds at 105 and inter· ', , , , , , , , , "' est, and after they- are all drawn the general mortgage bonds become DIVIDENDS83. 84. 8,5. 86. 87. 88.. 89. 90 !o Oct.. 9.> subj ect to same smking fund and will be drawn at same price in such Common, P . ct.. 9 ~ 6 7 _6 ml .> yearly annual amounts as will retire the debt at or before maturity. In Sept., Preferred, p. c. • 6 6 6 and smce 4 per cent :re!!-rly • 1894, $14,152,000 ~eneral 6s had \Jel-'n issued, of which $2,500,000 On rn~w preferfed of consol. company 114,P, c. was paid m Nov., 1895; w ere reserved to retire firsts and $1,999,333 had been paid back to in 1896, Feb., 1 4 p.- c. com pans- for debt and canceled. BoNos.-The general mort~age is for $7,800,000, of which $4,800.000 ANNUAL REPORT-Fiscal year ends Dec. 31. Report for 189-! was in reserved to retire the prior liens at maturity; ~.he prior bonds must not v. 60, p. 1056. For 1894, o-ross income, $1,140,360; operating expenses, be extended; trustee, Mercantile Tr11St Compa;n;Y of N. Y. The mortgage interest and sinking fun'a, l!!824,397; balance, surplus, $315,963. (V. covers the perpetual lease of the Dayton & Michigan, the profits un• 59 11 • 423 476 • v. 60 p. 39r 1056· Vol. 61 p. 324 .1 der w~ch; ~re large. V. 54,799; V. 55, p. 373. On June 30, 1894, cur• : ' ' ' ... ' · ' ' rent !liabilities of C. H. & D. were $1 ,699,575. Otfsets, bonds owned C, h lcago k West 1'..dc~lgan.-Owns from Lacrosse,. Ind., to $2 334 150 · stocks $595 633 · cash and current assets $3 504 854. Traverse City, 301 miles; Alleg11,n to P,entwater, 98 miles; Big Rapids ' ' ' ~ ' ' •· ' ~ . ' Juiwtion to Big Rapids, 52.mlles; other branches, 31 miles; proprietary .G>U:ARAN:r'IES,-:The C. EI•. & D. guarantees !3er!ain seo~1ties of the line, Chicago & North Michigan (opened in July,1892), Traverse City to CmcmnatJ Harmlton & Ind .. and Day~on & M10higan-wh10h see. Elk Rapids and Bay View 93 miles; total of all 575 miles. In May, 1895, C. H. & D. mterests !n Alabama Great Southern were _ ' . • sold to Southern Ry. Control of Cm. N. O. & T. P. stock is held by OROANIZA'I._ON, &c.-Orgam~ed Jan. 1, 1879. c. H. & D . and Southern Railway jointly. v. 60. p. 796. CouPoNs, ETc.-June, 1894, coupons on gen. mort. were purchased at ANNUAL REPORT.-Fiscaol rear end1:1 J uue 30.-For three years results Uuion Ti·. Uo., N. Y., and Old Cowny Trust Co., .Boston. V.58, p. 941. were as follows, the interest on bonds including fixed charges of Cin. Co1ipons of Chicago & West Michigan general mor-t., due Dec. 1, 1894, Dayton & Ironton, Dayton & Michigan, etc. and June '!-• 1895, an<I of Chicago & ~<?rth Michigan first mort. d1,1e Yea1·,end~ng June 30. 18.9 4. 1893. 1~m2. N uv. 1, 18.)4, and May 1, 1895, were pain lg_1n cash and 12 in lO•year Gross earrnng-s .....•....••...••• $5,094,812 $5,412,912 $5,018,983 5 p. c. scrip: said scrip to be redeemable at option of company. V. 59. Net earnings .........••......... $1,724,404 $1,844,280 $1,682,447 p. 737: V. 60, p. 748. Coupons due Nov. 1 and Dec. 1, 1895, were also Interest on bonds .....•.......•. $849,153 $800,462 $647,396 so paid. V. 61, p. 703. Jan. 1, 1895, loans and bills payable, $50,000; C. H. & D. dividtinds. .. . .• . ....• 264,835 264,556 264,303 unpaid coupons, $150,490. Equipment bonds authorized, $500,000. D. & M. dividends.............. 180,788 180,788 180,786 DIVIDE~S-In 1887, ~12 p. o.; in 1888, 2; in 1889, _2 ; ln 1890, 3; in ---$589 962 1891, 312; m 1892, 312; m 1893, Feb., 112 p; c.; none smce. Balance, surplus................ $429,628 $598.4.74, LATEST EA.RNINGS.-From Jan. 1 to' Nov. 30 (11 months): -(V. 58, p. 81,549; v. 60, p. 796, 1104; v. 61, p. 68, 1064.) 11 months. Gross. Net. Int.,1·ent.,cf:c. Balance. Cincinnati HaJD.lltonk lndlanapolls.-('See Map 0. H.d! ·D.)1895 ...... . ........ $l,597,819 $295,580 · $371,286 def. $75,706 Owns Hamilton, Ohio, west to Indianapolis, Ind., 99 miles. 1894 ............•• 1,475,873 297,100 . 360,428 def. 63,328 Cincinnati .:Jackson & 1'Iacklnaw.-Owns from Carli~le, O.~ ANNUAL REPORT,-:--Report for 1894 was in CHRO~CLE, V. 60, p. 746, to, Addison, Mich., 188 miles; Allegan to Dundee, Mich., 133 miles; ehowing gross earnmgs, $1,596,518; net, $318,758; •charges, $393,574; branches, 3 m.; traoka~e to Toledo, ,etc., 25 m.: tot~l operated, 349 other payments, $6,923; balance, deficit, $81,739. · In 1893 gross, miles. Has traokaize over C. C. C. & St. L. into Cincinnati and traffic $1,892,710; net, $398,567.-(V. 60, p. 347,746,748; v. 61, p. 703.) arrangement over B. & 0, into Chicago. Extension from Jackson to Choct~n." oklahorna k GoJC HK.-Wisrer, lndian Territory, Addison, 20 miles, is being built by the Cincinnati & Jackson , which via South \foAlester and Oklahoma City, to Fort Reno, 216 miles; was organized for the purpose.-See V. 61, p. 3i4, 793. coal mine branches, 4 miles; total, 220 miles. The extension, South sJ~:ToRY.-In 1894 Messrs. C. S. Brice and others acquired control of McAlester io Oklahoma City, 120 miles, completed in September, 1895. RECEIVERSHIP.-Interest on new firsts due Dec. 1, 1894, was not HISTOKY.-.A reorganization of the Choctaw Coal & Railway Co., sold paid and F. B. Drake was appointed receiver. Current liabilities June in foreclo~ure Sept. 9, 1894. Holds valuable coal leases. 30, 1894, $127,925. · STOCK.-Capital stock, $3,750,000; par, $50; stock all held by voting REORGANIZATION l'L.A.N.- Reorganization Trustee is F. P. Olcott. tru~t till July 1, 1899; voting trust certificates issued therefor. with J. N. Wallace, Secretary, 54 Wall St., N. Y. '.rhe plan of Dec. 10, . 1895 (V. 61, p. 1106) provides, after foreclosure, for new common BONDS.-The prior 1ien 6s are redeemable at 10;:, after five years. stock, $5,000,000: preferred stock, $5,000,000: 1st mortgage 5 p. c. Bee adv. CHRONICLE, Sept. 22, 1894. General 5s for $1,000,000 re• 00 ·1 $3 240 000 lin served to retire prior lien bonds and in November, 1895, $359,000 for 50•year gold bonds (at $10,0 per m1 e)-. ' ' on present e futm·e aihlitions, t-tc. cncome mort~age sinking fund is $ 2 0,000 per for improvements, betterments and rollin~ stock and for extensions at auuum (from Oct. 31, 189o), cumulative, before payment of dividends $10,000 :per mile. Old 1st 4s, $1,000. paym~ assessment o! 2 per cent w111 receive $1,000 of the new prefnred stock. ANNUAL REPORT.-Report for 1 894•5 covers 13 months ending Oct'. STOCK.-Capital stock is $16,300,000. 31, 1895, and shows gross, $358,310; net, $147,683; profit mining EARNINGS.-fl months, 51895 .. . ..... gr.o ss; $2Q6,993; · net,_,$53,678 . department, $57,363; fixed charges, $323,650.-See V. 62, p. 137. July 1 to Nov. 3Q. i 1894 ...... . . gross, 288,956; net, 5ti,485 Report for calendar year 1894, V. 60, p. 431, showed: ANNUAL REPORT.-Qross for year ending June 30, 1895, $624,629; Gross Net Profit Taxes Balance net, $92,699. In 1893-94. gross was $618,123; net, $88,7.80; <>f railroad. earn'ings. on mining. and rents. for interest; rentals, $18,746; taxes, $27,502; balance . for interest, $42,532; 1894 ........ $269,276 . $91,583 $84,144 $8,743 $166,984 total Interest charges, $169,4.00. In 1~~-98.' gross $735,537, a~ainst 1893 ........ 265,248 . 92,367 73,471 6,665 159,173 $696,588 in 1891.0 9:l.-(V. 60, p. 130,176; V. 61, p • .324, 793,870, 1106. Coal output in 1894 was 360,520 tons; in 1893 was 350,567 tons. 1154.). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis " MAP OF THE ~ CINCINNATI, HAMILTON AND DAYTON RAILWAY . .AND CONNECTIONS. . rn. ~ ~ ~~ w. ~ 0 0 ~ w. i ~ , ,:5 0) 00 ; ,--4 Blsmnt'Ck ""':, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUPPLEMENT. [VOL, LXI.L. Subscriber"' ,vlll conCer a great Cavor by giving Immediate notice of" any error discovered In these Tables. Bonds-Prinof RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or Amount Rate per When Where Payable, and by pal,When Due Par of lt'or explanation of column headings, &o., see nQtes .of Stocks-Last Outstanding Road. Bonds Value. on first page of tables. · Cent. Payable Whom. Dividend. ·oincwinaii Lebanon~ North.e rn-ht mortgage ... tl VinC'innati ti Muskingum Valley-lat mortga{e... o Oi1tc1-1inati New Orleans ti Tex.as Paciftc-Stoo ...•. Oincinnati Portsmouth cf: Virginia-Common stooll, Preferred stock (see text) ........•........•...... ~ Mortgage, $500,000, gold,red. at 105 ........ c&r* Om. J(,-ichmond & Ft. ·w.- 1st mort., gold, int. ~.o* Oin. ,"iagina.w ti Mack.-lat M., $2,000,000, ffto d .. o' Olea7t::etdcf:Mahoning-latM.g.,gu.p.&i.(en .).o*&r Oleve and Akron ti Ooliimbits.-Stock . ...•••••••••.. --- . 38 1886 General mort. (now 1st,) for $1,800,000 gold .... o Eo uio. Trust & 2d mo rt gage, fold, (See text) ..•. o~ Oleveland Belt cf: Cerminal-ls mortgage .•........ Oleve. Oanton ti South.-Pref. 6 p. c. stock (See text). Receivers' certificates·········· ··-········· _. ······ Clevelana & Uanton 1st mortgage, assumed . .. . o Equip. Tr. & Improve. 2d M. ($2,000 000) gold o,. Coshocton & Southern 1st mort., ~old, assumed .. Waynesbur/«h & Canton 1st M., ~o d, assumed ... o . Cl. Can. & o., conRol. M .. $26.000 p. m., gold .. c* Equipment trusts June 30,1894 .................. (}leve. Vinn. Oh. <I; St.L.-Com. st'k($28, 700,000 au.) Pr~terred stock, 5 per centinon·oumulative....... Indiana¥,olls Cincinnati & af. mortgage ... .•... o C. I. St. . & C. con. M.,drawnat105, s.f.1 p. o .o" Gen. lstM.. $10,000,000 gpld, s.f. not dr'n .. o&r Bel. & Ind. 1st mortgage <£art due yearly) ...••... Clev. Col. Cin. & Ind. 1st ., sinkin~ fund ........ Con. mort. (see text) drawn at 10 if unst'mp'd Gen. oonsol. mort, ($12,000,000) gold.. ... o* & r Indian & St. L. 1st mortd in 3 ser. of $667,000.o. 2d M.($2,000,000),gol ,Indianap. toTerre Ho. Cl.Cin.Ch.&St.L., White Waterbranoh,let, gold.c" 148 336 107 107 108 86 53 26 $1,000 1,000 100 $200,000 1,500,000 .... 3,000,000 1,566,000 594,000 i895 50,000 1871 1,000 1,800,000 1890 1,000 1,680,000 1893 1,000 650,000 100 4,000,000 500 &o. 1,800,000 1,000 1890 730,000 1891 902,000 .... See text. 124,000 2,000,000 1,000 1891 1,065,000 1,000 1887 600,000 1,000 1888 200,000 1,000 See text. 1892 602,834 27,987,335 100 10,000,000 1,000 379,000 1,000 1880 724,000 1886 1,000&(' 7,685,000 1,000 1864 88,000 1,000 1869 3,000,000 1,000 1874 4,158,000 1,000 1884 3,205;000 1,000 2,000,000 1869 1,000 1882 500,000 1,000. 1890 650,000 1870 ---· ·-·--· i:ooo i94 iss1 194 612 ""ioo iai iss1 i:ooo 161 .... 30 6 . ----·· ·--· ------- ··ioo i'54 iss1 175 ilo 391 391 391 72 72 62 I ·- - - J. & J. Cinn., Fourth Nat. Bank Jl!,n., 1916 5 7 J. & J. July, '87, pd. Apr. 1,'95 Jan. 1, 1901 See text. . .... . ........... Oct. 19, 1891 -----· ....... ...... -...... . --· ---· ........ ··--·· 5 g. J. & D. Investm't Tr.Co.,Phila. June· ·i; ·i92l>7 g. J. & D. N. Y. Winslow, L. & Co. June 1, 1921 5 g. J. & J. New York and London. Jan. 1, 1920 5 ~See text. 5 g. 6 g. 5 J. & J. N,' Y., Guaranty Tr. Co. Ann'lly. M.& 8. Hamilton Tr., Bk'lyn. F. & A. do & 80B'way,N. Y. J. & D. Boston, Co.'s Office. Jan. Oct. Moh. Aug. Jan. ···:f" J. ..&..J. July, '95, pd. when due. A. & 0. Apr.,'93,coup.last paid. J. & J. July, '93, coup. last pd. J. & D. June,'93, coup. last pd. M.&N. ........ ...... M.&N. Boston. F. & A. N.Y. 1J. P. Morgan&Co. Q.-J. do do F. &A. do do M.&N. do do Q.-F. do do J. & J. do do M.&N. do do J; &' D. do dp J. & J. do do Various do do M.&N. do do J. & J. do do Juiy · 1,· .i917 July 1, 1917 July, 1917 June 1, 1928 May 1, 1942 --- --- 5 g. 5 5 g. 5 g. 6 See text. 5 per an. 7 6 4 g. 7 7 7 or 6 g. 6 g. 7 6 g. 4 g. . ..... ... . ...... 1, 3, 1, 1, 1, 1943 1892 1927 193 1941 . ........ Aug." 1,..i893 Jan. 2, 189 Feb. 1, 1897 May 1, 1920 Aug. 1, 1936 toJan. 1, '9 May 1, 1899 June 1, 1914 Jan. 1, 1934 July 1, 1919 Nov. 1, 1912 July 1, 1940 0lnclnnatl k lttn"4klngnm Valley.-(See map of Pittsburg Oin· ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894·96 cinnati Ohicago ti St. Louis.)-Owns Morrow. Ohio, to Trinway, Ohio, was in V. 61, p. 701. Gross earnings (including Dresden branch) were 148 miles. Reorganized as now January, 1870. Amount due Pitts. Cin. $857,930; net, $283,300. Rentals, $27,193; interest (net), $142,408 ;: Chicago & St. Louis Dec. 31, 1894, $1,081,013, and on unpaid cou-, miscellaneous, $55,047. In 1893-94, gross, $896,090; net, $219,906. pons, including J an., 1895, $941,120. Profit and loss deficit Jan. 1 V. 59. p. 649, 651; V. 60, p. 522; V. 61, p. 420, '70 I .) 1895, $1,788,430. Capital stock, $3,997,320-par, $50-of which Penn. . . co. Dec. 31, 1894, owned $2,430,900. Pennsylvania Railroad owns 0l~vel_and ~eJt ~ Termlnal.-:0wns 612 m1lf;lS termmal road, or $754,000 of the bonds. (V. 55 p, 1078. First mol't, coupon due July 1, 13 miles mcludmg side tracks, a.1 <;Jleveland. Ohio. Capl~al stock, 1887 was paid on April 1 1895 at Winslow Lanier & co •s office. common, $3,001,000; preferred, $168,500. The mortgag~ 1s for $] ,000,000. Cn December, 1895, $98 ,000 ·or IJonds were held m the trea~' . ' ' ' · • EAR"INGS..-Year endmg ~ec., 31, 1894, grosi, $438,36~; net, $ 72 ,· ury of th@ company. Mortgage trustee, Interoational Trust Co., Bos606; other mcome, $4,850; mterest, etc., $112,.06; deficit for year, ton. Interest on the firsts is paytt:ble in preferred stock. In Deceq.i$34,750. ln 1893, gross, $483,345. (V. 60, p. 522, '74'7 ; V. 61, P• 151.) . ber, 1895, unfunded debt was auout $20,000: For year 1894·95, gross. Cincinnati New Orleans&, Texat1 .Pacltlc.-RoAD.-Operates $27,912; net, $12,409 (against net of $9,828 in 1893•94\; charges,. Cincinnati Southern Ry., Cincinnati to Chattanooga, Tenn., 336 miles. $2,721; dividends, $5,208; balance, surplus for year, $4,480. HISTORY, ETc.-Organized in 1881 1mder laws of Ohio to lease the Cleveland Canton &, Sonth.ern.-0wns Cleveland to ZanesCincinnati Southern Railroad, owned by the City of Cincinnati. In ville, O., 145 miles; Canton to Sherrodsville, 43 miles; other branches, October, 1895, a majority of the capital stock (including $500,100 22m.; total,210miles. AconsolidationMay,189~. (V.54,p.84). 1>urchased by So. Ry. Co. and $1,000,000 belongin~ to Ala. Great Boutbern Ry. Co., was held under an a~eement for jomt bflneflt or the RECEIVERSHIP.- J. W. Wardwell is receiver. In January, 1894~ Southern Ry. Co. and the Cincin. Hamilton & Dayton. 1::1ee v. 61, p. 26. issue of $14,000 receiver;;' certificates was authorized. Console for Rental due City of Cincinnati is now $1,012,000 till Oct. 12, 1~96; $660,000 issued, of which $584,000 outstanding as collateral. $1,102,000 till Oct. 12, 1901, and $1,262,000 till 1906. Betterments of C0MMITTEEB.-Ji1irst mortgage bondholders' committee is composed about $150,000 revert to lessor annually. of Austin Corbin, 192 Broadway, N. Y., H. L. Thornell and Charles A. RECEIVERSHIP.-S. M. Felton, the President, was on March 19, 1893, Peabody, Jr.; depositary, Mercantile Trust Co. V. 59, p. 697. No plan, · t d · c ar t rus t 8 • J une 30 ' 1894 ' $407 ' 871 ; curr e n t orNew reorganization had been issued to Januar y 10, 1896. appom e receiver. Ji1irst Mortgage Committee-Organized in Oecember, 1895; Clarliabilities, $878,646. Offsets: cash and current assets, $505,988. e•!ce H. Wildes, Henry S. Kerr and Frederick Strauss ; depo sitary,. 3 LATEST EARNINGS.-From Jan. 1 to Oct. 21, 1895, 9 4 months, Central Trust Co., 54 Wall St., N. Y. v. 61, p. 1154; v. 62, p. 40. gross, $2,876,000, against $2,699,000 in 1894. ANNUAL REPORT.-Earnings for years ending June 30 have been: 9teveland cf: Oanton equip. t1·ust m~d improveme~t bondholderii' comm1ttee.-l\Iorl!'an Rotch, H. B. Hollms. H. F. Dimock, C. T. B rney, Year end. June 30. 1895. 1894. 1893. 181J2. George P. Messervy, Geor~e N. Small, y , Charles H. French; depositaGross earnings ..... $3,4~7,942 $3,/>76,979 $4,174,970 $4,337,498 ries Internati, na.l Trust Co., Boston, a,11d U.S. Mortgai!'e Co., N. Y. V. Net earnings........ $976,767 <1>912,013 $998,715 $1,137,688 59, p. 920, 1006. Consolidated Mortgage-Robert Maclay, Louis C. Rental paid......... $1,012,000 $1,084,306 $1,116,285 $1,124,121 Ledyard and William Rotch. Ooshocton cf: Soitthern-P. W. Smith, C. Dividends . •••·•···•· • •· •· • • · 60,000 W. Plummer and 0. Prescott; depositary is International T1·ust Co.,. Miscellaneous .. ... •. 35,367 _____ _____ _____ Boston; more than two-thirds have been deposited. Trust Co., trustee .,f consol. mortgage, B al ance .. . ··•··· df · $70 •600 d e f ·$172 •293 sr. $117' 570 d e f · $46 ' ,133 ofFORECL0SURE.-Knickerbocker 1892, fl.led notice of foreclosure proceedings on ~ov. lo, 1894. -(V. 5S, P• 6 97 , 920 , ll 4 l; V. 61 , p. 26 • 67 -) International Trust Co., Boston, trttstee or Cleveland & Canton first Cincinnati Portsmouth k Vlrglnla.-0wns from Idlewild, mortga,ge began foreclosure proceedings in January, 1896. Suit for 0., to Bciotoville, 108 miles; traokage (Cin. Lebanon & Northern) foreclosure of Coshocton & Southernmortgage was instituted in D e1 8 6 6 6 0 t~tsiJ?i1i9J, !n13~!~rg~~~~f N;;!~~!le~o!:is ce~bue;~~ !s ;d!~ i8~4~~n Clev. & ,anton th nd th 5 th 5 titled to per cent divide s, en common to • en bo pro rata. firsts were paid Dec. 31, 1894; July, 1895, and January, 1896, coupons BONDS-In June, 1 895, i ssued a ;m ortgage for $500,000 of 5 per were not paid. V. 62, p. 40. October, 1893, interest on equipment cent bonds for improvements and equipment. $50,000 were outstand- mortgage went unpaid. Coshocton & Sonthe1·n January, 1894, and ing in Jan., 1896, and additional bonds for $100,000 had been sub· WaynesbU1·g cf: aanton December, 189a, interest not p aid. Mribed for. Bonds are subject to call at 105 on ninety days notice in the order or their numbers. Trustee, Investment Trust co. or Phila. SToc1c-On June 30, 1894, capital stock outstanding was $12,799,459, of which $4,151,209 was common and $8,648 ,250 prefer·r ed; EARNINGS.-5 months.,< 1895 ..•....... gross, $13fi,868; net, $29,603 funded debt, $5,175,834; floating debt, $1,730,822. July 1 to Nov. 30. ~ 1894 .......... gross, 116,816; net, 24,491 E th $ t $ Report for year ending June 30, 1895, was in V. 61, p. 702, showing ARNINGS.- 5 mon s, { 1895 • •· · · • • • • .grmis, 324_, 486 ; ne , 81 ,770 July 1 to Nov. 30. 51894 . .... ..... gross, 32i,,277; net, 76,563 in-oss $256,693; net over taxes and rentals, $39,450; no charges-spent for construction, improvements, etc., $27,135. In 1893·94 grosa, $254,· ANNUAL REPORT.-Fiscal year ends June 30. In 1894-95, gross~ 756; net, $35,S03; improvements, $26,782. In 1~92-3, gross, $277,135; $673,822; net. $99,151; intl\rest,. rentals, etc., $241,502; balance> net, $44,744, spent for improvements. (V. 61, p.· '702, 966.) deficit, $142,351. In 1893-94, gross, $619,306; net, $4,138. V. 59, p. Cincinnati Richmond &, Fort Wayne.-0wns from Rich· 228, 697, 920, 1006, 1058, 1103, 1141; V. 60, p. 42, 176, 656, 1144; V. mond, Ind. , to Adams, Ind., 86 miles; leases 5 miles of P. F. W. & C. 61, p. 68,240,793, 1010, 1106, 1154; v. 62, p. 40, 84.) Leasedtor99 years from Jan. 1, 1871, to Grand Rapids & Indiana for Cleveland Cincinnati Chicago &, St. Loul8.-(See Map.Jnetearnings. Interest Is guaranteed by the lessee and bythePennsyl Operates an extensive system of roads radiating from Indianapolis vania Co. and Pitts tmrg Cin. Chicago & St. L. Co.jointly. Gross el:l,rnings Ind., westerly to Chicago, Peoria and Cairo, Ill., and St. Louis, Mo., and Jan. 1 to Dec. 31, 1895 (12 mos.)., $448,760. In 1894, gross, $414,782; e11sterly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, with net,$133,472; mt. on bonds $126,000; rental, etc., $31,046; deficit for · branches. Extensive.terminals in Louisville, Ky., have been built and year, $23,574. In 1893, gross, $436,832; net, $117,784. BtooK, $1,· are reached over the Louisville & Jeffersonville Bridge, tlle company 709,313-par, $50, of which Penn. Co. Dec. 31, 1894, owned $1,256,· having trackage to Jeffersonville from North Vernon over the B. & O. 900. Due guarantors Dec. 31, 1894, $1,243,212. S. W. V. 62, p. 84. As shown on map the system comprises: · Clearfield & Mahoning.-( See Map Buf. Roch. &. Pitts.)-Owna Owned dfrectlyMiles. Leased and controlled. Miles. road, completed in 1893, from Du Bois, Penn., on .Buft'. Rock & Pitts., Cleveland, O., to Columbus, O .. 138 Cincin. Sandusky & Cleve. Ry.to Clearfield on Beech Creek RR., 26 miles. Leased during corporate, Galion, o., to Ind. ianapolis .••• . 203 .Ban_d'sky_, o., to. Dayt'nt...O.etc.170 t,:dstence and renewals thereof to Buft'alo Rochester & Pittsburg- D 1 t s !di ld 50 Cin t &s tl ld ~ which see-at a rental payable in gold and equal to 6 p&" cent on e aware O prrn,, e ·····•·• mnna 1 prrng e y.$650,000 stock, par $50, and 5 per cent on bonds, the latter being guar. Cincinnati to Lafayette.········ 1 75 Lud.G've( 6 m,fr.Cin.)to Day'n 4 S p. & i., by indorsement on each. To June 30 , 1895 , $ 96 , 684 was due Indianapolis to Terre Haute .... 72 Colum. Hope &Greensb'g RR.- 26 46 Buft'. R. & P. for advancements for improvements- see v. 61, p. 710 Hir:~~3-~~~g.~~tockowned;.:: 7 Trackage into Cincinnati, &o. f~ ~~e°c~~~ 5~~~ ;!~~~=T:_-~g~!~0 J~; ~~ -(V. 57, p. 1039; V. 61, p. 7ro.) Cincin. Lafayette & Chic. Ry.- 57 Total included in earns•.. 1,852 Cleveluud Akron&, Columbus Kallway.-0wns from Hud- Cairo Vincennes & Chic. Ry.TrackageintoJe1fersonville .. (1) Cairo, Ill., to Tilton & branch.267 Operated; earnings kept separate-way, 34 miles, and trackage, Cinn. & Muskingum Valley Ry., -r:rtnway St. Lou. Div. T. H. to E. St. L.193 Peoria & East'n Ry. (,r).352 to /4aneRville, 16 m.; coal branches, 12 m: total, 206 miles. Columbus Springfield & Cin.Kankakee & Seneca RR.42 HISTORY. -Reor~anized underthi8 title inJanuary,1886. In SeptemColumbus, 0., to Springfield.. 45 Mt. GileadShort Line........... 2 ber, 1895, Calvin I:!. Brice purchased control and was elected president. White Water-Harrison, Ind., to Dayton & Un. RR. (,r} •••••••••• 47 DIVIDENUS.-ln 1886 and 1887, each 119 per cent; tor 1888 and 1889, Hagerstown, Ind•...••••...••• 62 Trackage lli.Cent.intoChioa.go. r56 each 1 p. o.; in 1890 1 p. o.; in 18911 p. o. in Nov.; in 1892, 114 in Oct. Cin. Wabash & Michigan Ry ..,... .BoNns.-The equipment bonds are redeemable at 100 and interest on Benton Harb. to Rushv. & Br.249 Grand total, June 30, 1895.2,394 August 1, 1900, and at 105 and interest on any A.ugust 1 thereafter Other lines (aJ •••. .............. 44 Double track . •• •• •• • • • ••• • ••• 56 prior to 1P3u. Bonds in excess of $730,000 baye been canceled and fi See tlljs c~~pany. cannot now be isl!!ued. Equipment truats 011tstandlng December 1, 1895, $408,882, payable monthly; bills payable June 30, '95, $33,328. a No debt, or bo~~t•,.all owned by Clev. Cin. Chio. & St. L. eon, O., to Columbus, 0., 144 miles; Dresden hranch, Kilbuck to Trin- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis = I ~ I I ....., ~ a> MAP OF THE .... <:I) ill II ~ ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CLEVELAND, CINCINNATI, CHICAGO & ST. LOUIS RY. = § 00 :--3 0 ~ ~ ~ ~ M,AP OF THE CLEVE-LAND, LORAIN · • • WHEE.LING RAILWAY i 1-3 AND CONNECTIONS. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ';a ~ ~ RAILROAD STOCKS AND BOND::s. J.ANU.A.RY, 1896. I 47 Subl!lcrlber8 will conJer a ~rt>at :favor by giving Immediate notice ot·,any error discovered In these Table8. Bonds-.J::>rt.n,·, I INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or pal,When Dne. Amount Par Outstanding For explanation of column headings, &c., see notes of of Rate per When !Where P,Wia'ble, and by Stocks-Lal<t Road. Bonds Value. Cent. Payable on first page of tables. Dividend. horn. Cleveland Oin. Ohic. <I St. Louis ( Ooncluded)Cl. Cin. Ch. & St. L.-Col. Spring. & Cin. 1st M ... B~rini & Col. Div. (Col. Sp. & Cin.), 1st M.,l,'o* - - --- 45 1871 45 1890 C. . C. St. L.,Cairo V. & Ch.Div. lstM.,gol .. c" 267 1890 St. Louis Division~ollateral trust, gold ...... c&r 194 1890 Cin. Wab. & Mich. iv.1st mortgaie, gold ...... o" 203 1891 Gen. mort.100 yearbondsfor$50, 00,000 g . o"&r 1,808 1893 OBLIGATIONS FOR PROPRIETARY LINES. 56 1871 Cincinnati Lafayette & Chicafio,lst mort., gold.o Cincinnati Sandusky & Cleve and-Pref. stock ... Consol. (Nov.1) M. ($3,000,000) gold (Seetext).o i10 Cincinnati & Spring.-lst m., p.& i.gu. See text.c 48 1871 2d mortgaf:, Big Four owns $526,000 more .. c 48 1872 Otevet. Lor. <I ~t.-Cl. Tuso. Val. & W .• 1st mort, 158 1878 Clev. Lor. & W. Ry., cons. lstM.,$5,000,000,"g.c* 192 1893 Car trusts ........................................... ·--<Jlev. ti Mahoning Val.-3d M. (now 1st) ............ o* ·57 1876 Cons. M. for $3,000,000, gold, (ls ton 58 miles) .c&r 125 1888 Otev. ti Mar.-lst M., sink. r., g., gu. by Penn. Co.c* 97 1895 Oleve. d Pittsb.-Stock, 7 p. c. tar. by Penn. Co .... Consol. sink. fund mort. for 5,000,000,notdr'n.o i99 i867 Gen. M. for $10,000,000 ld } series A, .. ....• o· 199 1892 guar. p. & i. {end.) Pa. R. series B .......... 199 1892 Constr'n and equip'tinc., Ser. "A," dr'n at 100 o .. ... 1873 Olev. Te1-minal ti Valley-Stock, $2,200,000 is pref. .... lat M., $6,000,000 gold, guar. i,y B.& 0. end.o*&r .... Coast Ry. N. Scotia.-lst mort .......... .. ........ 1895 Oolebrook ale-lat mortgage .................. . .... o ·i·::; 1868 Ool. w oming d Gt. No.- 1st M., $6,000,000, gold. 1895 Ootum 51iaNewb.<I Laurens-lstM,for$12,000 p.m.,g . 63 1887 Columbus <I Oincinnati Midlan~Common stock .. .... .... Preferred stock (see remarks) non•votin8' ........ lat M.,ext., guar. p.&i. (end.)Cent.O.an B.&o.c· ·-.;o isss f fa i895 i884 $1,000 500 &('. 1,000 1,000&o 1,000 1,000 1,000 50 1,000 1,000 1,000 1,000 1,000 7 4 4 4 4 4 g. g. g. g. g. M.& 8. N.Y., J. P. Morgan&Co. Sept. 1, 1901 M.& J. & M.& J. & J. & s. J. N. J. D. do do do do do do do do do do 792,000 do do 7 g. M.& 8. 428,850 6 per an. M.&N. New York and London. 2,571,000 N.Y., J.P. Morgan&Co. 5 g. J. & J . do do A. & O. 2,000,000 7 125,000 do do J. & J. 7 700,000 A. & 0. N. Y., Blair 33 Wall St. 7 4,300,000 do do 5 g. A. & O. 40,000 M:·&··s: N.Y.,Winelow,Lan.&Co. ~oo··&c. 487,900 7 l,000&c do do 2,481,000 5 g. See text 1,000 1,250,000 412g. M.&N. N. Y. Farm. L. & T. Co. 50 11,226,050 7 per an. Q.-M. N. Y., Winslow, Lanier. 1,000 do do 1,505,000 M.&N. 7 1,000 do 3,000,000 do 412g. J. & J. 1,000 do 1,245,000 do 412g. A. & 0. 1,000 do 158,000 do J. & J. 7 . . ......... Text. 7,400,000 M:·&·N. New York. 1,000 6,000,000 (1) A. & 0. Boston Internati'al Tr. 5 100·&0. 600,000 6 J. &D. Phila., Phil. & R. Office. (1) 5 g. ..&.. J. Ball.,Ph~ladelphia. N. Farm.& Pl.Bk. 706,000 6 g. J. 2,000,000 . .. 3 .. ---··· 1,000,000 Balt., B. &O. Office. J. & J. 2,000,000 412 J . & J. N.Y.,Farmers'L.&T.Co. ----·· ···.rg. i:ooo i:ooo The company is also one.fourth owner of the Peoria & Pekin Union Ry., one•seventh owner in the Terininal Railroad ~ssociation of St. Louis and two.fifths owner of the Indianapolis Union Railway and partial owner of Dayton & Union. HISTORY, ETc.-A consolidation of the Cincinna~ Indianapolis St Louis & Chicago Railway Company, the Cleveland '"11lumbus Clnoln• nati & Indianapolis Railwal:' Company and the India1..,,,polis & St. Loui~ Railway Company, made m July, 1889. It is one of the so·oallen Vanderbilt roads. The St. Louis Alton & Terre Haute main line and branch were purcha"led in 1890 for $10,000,000 of 4 per cent bonds. 1n 18~9 acquired the entire stock of the Cairo Vincennefl & Chicago and in 1890 leased the Peoria & Eastern (which see). In 1890 also {lractically absorbed the Columbus Springfield & Cincinnati and the Cincinnati Sandusky & Cleveland. Entire common stock of the latter 18 owned, and under a lease running till 1969 interest is paid on bond! and dividends on preferred stock. V. 51, p. 457, 608. CAPITAL STOCK.-According to Ohio statutes company hae privilege of retirin~ preferred stock at par after June 27, 1892. On Jan. 1, 1890, the common stock was $20,500,000, and it has been increased to pre!l'• ent figure to acquire stocks of lines absorbed, etc. DIVIDENIJS1890. '91. '92. '93. '94. '95. '9tt Com~on ......... ~ 4 p. c. 3 3 ~ noi:e none Preferred ........ 5 5 p. c. 5 5 o o 5 J an.,l¼p.o_ BONDS.-Tl e sin.km~ fund provision of the Oleveland Ootumbus Gin· cinnati &': Lnd-ianapotis consol. bonas of 1874 may be canceled at option of holders, ana. the bonds so stamped. The principal or these bonds is payable in gold, but the interest is payable at option of holder either in lawful money at 7 per cent per annum or in British sterling at 6 p. c. Of the Indianapolis & St. Louis first mortgage bonds ser10s "A" are J. & J.; series "B," M. & S.; series "C," M. & N. Of the C. C. C. & St. Louis ffrst mort. Cairo Div. for $5,000,000, bonds for $237,000 are held in reserve pending certain litigation. As to these bonds see SUPPLEMENT of July. 1893. The $10,000,000 St. Lou~s Divis'ion bond~ of ;t..890 issued to the St. Louis Alton & Terre ~aute m payment for its µne from Terre Ra~te, Ind., to Eas~ St. Loms, Ill., and branch, 193 miles, and now fo!mmg th e S_t. L. Div. of the C. C. C. & St. L. are ~ow a tlrst collateral lien on 1lb at lin~; $303,000 bonds are ~eld in the smking fund. The bonds are not subJect to call. They ar~ direct bonds of the Clev. Cin. Ch. & St. L. and are secured by deposit m trl!-st o~ a purchase mo.ney mort~age for $10,000,000 exec~ted bY: the CaITo Vmcennes & Chicago, which pur• chased the St: L~ms Div. m 1890. )for deed of trust see V. 52, p. 42-45. ~s to the Cincinnati Waoasn <I lJ!ic'!-. ~percents, see V. 52, p. 718. 'Ihe \00 year mo1·tgage of 1893 1s lrmited }o $50,000,000, of which $29,2[? ... ,000 reseryed to retire a~ maturity the bond_s no:w ~mtstand-mg_ on ;h~ yarious lin~s <_exclus~v~ ~f those on the Ca.ITO diyi~i~n, the Peoria divis10n, the Michigan divis1<!_n and the St. Louis ~VISion west of Terre Haute). Of the balance _$0,000,000 were authoriz.eq to be sold at once for double•track, eqmpment, etc., and the remammg $15,748,000 can now be issued (since July 1,1894,) for new construction, etc., at the rate of $1,000,000 a year. See v. 56, p. 578,792. Union Trust Co. of Indianapolis is trustee, vice Theodore P. Haughey. The Cincinnati Sanduslcy & Oleveland console of 1888 are now a first llen ; or the $3,000,000 authorized, $428,850 can only be issued on re• tirement of like amounts of the preferred stock. The Oincinnati <1 Springfield ft 1·sts are guaranteed, one•half of them by C. c. c. & Ind. (now consolidated with Cl. Uin. Ch. & st. L.) and one• half bv the Lake Shore & Mich. So. . GF:NERAL FINANCES_.-On July ;t., 1895, bills payable were only $3,425, th<: sall?-e as m 1894, agamst $1,922,001 in 1893; there were $1,132,216 eq~11pment notes, payable. in yearly _inst:1lments,$393,914 beoomi~ldue m U\9~-96. G;uaranteesmterestonf:?msv1lle&Jefferso~; ville bri ge bonds JOmtlyw1th the Ches. & ~· See Miscellaneous Cos. LA.TEST EARNINGS.-F;om July 1 to rr~v. 30 (5 months)5 mos.Gross earn gs. Net earn gs. Int., rentals, de. Balance. 1895 ... . ...... $6,223,072 $1,657,912 $1,1~1,674 sur. $476,238 1894 .. . ....... 5,836,246 1,447,601 1,1,8,612 sur. 268,989 ANNUAL REPORT.-Annual meeting last Wednesday in October, Report for 1894·95, with balance sheet, &c., in V. 61, p. 554, 567, 593. Year end'g June 30- 1895. 1894. 1893. 1892. Passengerearnings .. $3,785,410 $4,104,769 $4,307,371 $3,824,201 ~•relght. .. . . ..... . .... 8,783,929 7,866,967 9,338,787 9,129;417 Ma.il and express.... 815,317 803,078 769,993 631,768 Total earnings .. . $13,384,656 $12,774,814 $14,416,151 $13,585,386 1 •per'g exp. & taxes. 10,254,068 9,750,503 10,964,787 9,838,542 P c. op. ex. to earns. 76·61 74·80 74·74 · 71·20 ·---- - - - - - - - - - Net earnings.... $3,130,588 $3,024,311 $3,451,364 $3,746,844 Rentals, interest, &c. 263,744 259,235 252,904 244,072 Total net income. $3,394,332 $3,283,546 $3,704,268 $3,990,916 Interest on bonds . . . $2,642,159 $2,554,235 $2,445,135 $2,293,642 Rentals,eto.... ...... 202,547 221,341 281,136 276,532 Dividends..... .. ..... 500,000 500,000 1,340,000 1,340,000 Balance .... .. _•• sur.$49,626 sur. $7,970 df.$362,003 sur. $80.742 -(V. 59, p. 152, 541, 62T, 650, 652, 1103; V. 60, p • .56I, 1058, 1104; V. 61, p. 278,554,559, &6T, 693; V. 62,p. 134. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $78,000 1,103,730 5,000,000 9,697,000 4,000,000 5,000,000 ----- Sept. Jan. Nov. July June 1, 1, 1, 1, 1, 1940 1939 1990 1991 1993 Sept. Nov. Jan. Apr. Jan. Oct. Oct. 1, 1, 1, 1, 1, 1, 1, 1901 1895 1928 1901 190~ 1898 1933 Sepi: i5·,·i896 Jan. 1, 1938 May 1, 1935 Dec. 2, 1895 Nov. 1, 1900 Jan. 1, 194~ Oct. 1, 1942 Jan. 1, 1918 Nov.·1;·i995 1945 June 1, 1898 1925 Jan,, 1937 Jan:;·is96 Jan. 1, 1939 II 0.OlevelandLoraln&Wheellng.-(SeeMap.J-Ownsfrol'O.Lorain, to Bridgeport, 0., opposite Wheeling, W. Va., 158 Iniles; Medina to Cleveland, 28 miles, and branch to Bellaire, 0., 6 Iniles; total, 192 miles, and has trackage into Wheeling. HISTORY.-This railway is a consolidation Nov. 23, 1893, of the C. L, & W. railroad and the Cleve. & Southwestern. (See V. 57, p. 8 08.) STOCK.-Common, $8,000,000, and preferred, non·cumulative, 5 p. c $5,000,000, par $100. After dividends of 5 p. o. have been paid on the preferred and common both stocks share alike. . BONDS -The new consolidated mortgage for ~5,00(!,000 (U. S. Mtge Co., N. y., trusfee) covers 192 miles.main line, moludmg the ext~~sion or 28 miles to Ole-yeland, completed m Dec., 1894; also 70 Iniles sidings, equipment, termmals, etc:, now owned or hereafter acquired. 1he mortgage prov!des the retITement of the Cleve. Tusc. Val. & Wheeling firsts at maturity. DIVIDENDS on pref.: In 1887, 3 p. o.; in 1888, 2; in '89, 2; in 1892, 312 EARNINGS.-For 6 monthf-1 to Dec. 31, 1895 (partially estimated). gross was $887,225; net, $282,998. REPORT.-Year ending June 30, 1895, gross, $1,360,465; net, $401'· 4~8; interest charges, $:l64.,000: bal., surplus, $137,428. In 1893·94, ~ross, $1,182,044; net, $3:l9,617. In ~8!l2·~3 gros~ $1,442,182; net :i;361,101.-(V. 60, l). 43,177,349, 1058, V. 61, p. 70v.\ Cleveland & lllahonlug Valley.-See Map Buffalo Rochester & P-Utsbm·g. Owns from Cleveland, o., to Sharon , Pa., 81 mile1-1 [:'>7 double track]; Niles, 0., to New Lisbon, 0., and branches, 44 mile,;. Leased to N. Y. Penn. & Ohio till 1962: rental $514,180 per year, pavable monthly. Cn 1895 console .l'.or $100,000 were issued for double track· ing and terminal improvements and $581,000 to retire prior bonds. Coupon interest is J. & J., registered interest, Q.-J. 3tock is $3,000,000, of which $2,758,250 is held by "Atlantic First Leased Lines Ren· t:..1 'l'rustCo .. Liinited," of London. Dividends, 11 to 1218 per cent per a.nnum. V. 57, p. 179; V. 61, p. 966. Cleveland & lUarletta.-Owns from Marietta, o., to Canal Dover, and branch, 99 Iniles, and 8 miles, Valley Junction to Canal Dover, leased. Pennsylvania RR. obtained controlin Oct., .!.893, having purchasedabouttwo•thirds of the stock. stock, $2,000.000-pai·$100. BONDS.-N ew first mortgage for $2,000,000 is dated May 1, 1895, and is guaranteed as to principal and interest by the Peun. aompany (trustee,Farmers' L. & T. Co., N.Y.). Sinkin~ fund of 1 p. c. on out· standing bonds commences July 1, 1896; bonds bougllt at or below par but not subject 10 call. EARNINGs.-Year endin~ June 30, 1895, gross, $34~,!l55; net, $82,· 929; other income, $62; mterest on bonds, $56,093; balance, surplus, $26,898. Year ending June 30, 1894, 11:rosR earnings were $292,763; deficit, under operating expenses and taxes, $15,824; interest, $53,171; total deficit, $ti8,995. In 1892-93 gross, $362,025: net, $38,674; delicit under interest $16 593.-(V. 60 p. 391 873 1058.) ' ' ' ' ' .. . Cleveland & Pitts burg.-( See ~ap Pennsylvania Railroad.) Cl~veland, 0., to R?chester, P.a:t 124miles, branches-Bayard, O.,to New Philadelp~a, 31 Inile!3; Yellow t,Teekto BeIJaire, 43 ~.; trackage, Roch• ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 nules; total, 224 Inil~s LEASE-Leased for 9?9 years from Dec. 1, 1871, to Pennsylvania RR. Co., and lease transferred to ;pennsylvania Co. Rental, 7 per cent on ~11~2.26,050 st_o~k, and orgamzati9n expenses, the lessees assuming all liabilities. Or1gm al stock and scrip $21,479. BONDS.-General mortg~ge bonds are all equally secured and bonds cannot be called for the slriking fund. See guaranty, V. 56, p. 604. E.A.RNING~.-Report for year ending Nov. 30, 1894, was in v. 60, p. 6o 4 . In calendar year 1894 loss to lessee, $55,452, against loss in 1893 of $225,7 92, profit in 1892 of $449, and loss ot $14,795 in 1891. (V. 58, p. 81,556; v. 59, p. 1058; v. 60, p. 3 or, 604.) Cleveland 'l'ei•JDlnal & ' 'alley RK.-See Map Baltimore ti: Ohio. Owns from Cleveland, Ohio, to Valley Junction, 75 miles, and 3 1 miles of small branches. successor as per plan in v. 60, p. 437 and v. 61, p. 70, to Valley Ry. iof Ohio, sold in foreclosure se:rt10 1895. Tht1 Baltimore & Ohio controls thA new company an a traffic agreement was made with Wheeling & Lake Erie. (V. 61,p. 929.) STOCK-Of the $5,200,000 common (par $50) B.& 0. owns $4,594,300. Preferred stock is for $2,200,000, par ~100 BONDS-The first mortgage is for $6.000,000 of 4 per cents and bonds are guaranteed, principal and interest, by the B. & O.,.endorsed. OFFICERS-President, Thomas :M. Kin~. of Philadelphia. Vice Pre~irtent, Secretary and Trea,mrer, Henry M. Keim. Directors, Thomas M. King, of Philadelphia; W. H. Blackford and Alex. Shaw, of BaltimorP-; L. V. Bockius, of Canton; G. A. Garretson, J. H. McBride, Henry M. Keim, S. T. Everett and F. H. Goff, of Cleveland. (V. 60, p. 437,799; V. 61, p. 70, 153, 198, ~41, 473, 569, 661, 793, q29.) Colorado Wyoming & Gre at Northern.-Organized in 1895 to build a road from Grand Junction, Col., (on the Rio Grande Western and Denver & Rio Granoe) northerly to Greene River, Wyo. (on the Union Pacific), with branches. Presiaent of the Construction Company is H. C. Woodworth, of Denver! Vice·President, M. Lipman, of Philadelphia; Secretary, H. A. Woodworth, of Denver.-V. 60, p.1058. ColuJDbla & Greenville (S. C.)-SEE SOUTHERN RAILWAY Co. • Columbus & Cincinnati Midland.-( See Ma.P. Ball. d Ohio.JOwna from Columbus, 0., to Midland City, 0., 71 Iniles; traokagP t-o Columbus, 1~ miles. In January, 1890, leased tor 999 years to Centr ,l INVESTORS' SUPPLEMENT 48 MAP OF THE ~- COLUMBUS, ! HOCKING VALLEY I j AND TOLEDO R'Y i https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IVOL, LXII JANUARY, 1896. j RAILROAD STOOKS AND BONDS. i19 Sub"'cribers ,vill conCer a great f'avor by giving immediate notice of any error discovered In these 'J.'able11<. Bonds-PrinmRAILROADS. INTEREST FOR DIVIDENDS. Miles Date Size, or Amount pal, When Due. of Par Outstanding Rate Per When Where Payable, and by Stocks-Last t-'or ~xplan ation of column headings, &c., see notes of Road. Bonds V a lue. Cent. Payable on first page of tables. Whom. Dividend. - - - ·----· Oolumbus Hocking Valley&: Toledo-Common stock. Preferred 5 per cent stock, non-cumulative . . ..... Col. & Hock. Val. 1st mort., Colum. to Athens .. c" Col. & Toledo 1st M. (Columbus to Walbridge) .. c .. Col. & Tol. 2d mort. (Columbus to Walbridge) ... c Ohio & West Va. lstmort. (Lo~an to Pomeroy) .. c* Consol. mort. , g., on road and Hocking Coal & RR. Gen. mort.,gold,on road & Hocking Coal& RR. Co. c Car trust bonds for $1,750,000, gold, see text. ... Ohio L and.& Ry .Co. purchase money M .. ~. ,see text C ol. Sand. d: Hock. RR.- lst M., $2,000,000, g ... c* Generai. mortgaj?e, $10,000,000, gold ...... ... . c~ Income bonds, non-cumulative, ~old . ........ .. . . ZaneRville Term'l Co. 1st m. for$ 00,000, gold . c* Col. T er. & Trans!. mtge. $350,000 gu. C. 8. & H. Oartrua_ts . ......................................... Columbus Southern.-lst mtge., $12,500 p.m. gold. Ootum-ous &:·Xeniar-Stock, 826 per cent rental. ••••. Concord d: Olaremont (N. H.J-l~t mortdaie ...•.. c Concord cf Montreal-Stock, Class I. (B. . M. pf.) Stock, Class II (B. C. & M. new) ..... .. ...........•. Stock, Class III. (B. C. & M. old stock) ............ Stock, Class IV. (Concord) $6,000,000 auth Text Bost. Con. & Mon. improvement mortgate ...... c Concord &Montreal consol. mort.for$5,5 0,000.c* <Jon/. & Oakt'd-lst M., g., $200,000, drn. at par .. Oonn. cf Passum.-Pi•ef. stock, 5·6 p. c.ren'l,99yrs.c" 1st mort. (White Riv.June. to Can:ada line) !old.c* Massawipli st'k, guar.same div. as Conn. Pass. Newport Richford 1st mort. guar. by C. & P . c* ...... . ... 76 118 118 85 325 325 i867 ---- ---..... 227 227 ..... 4 --- - ·ss 55 1875 1880 1880 1881 1884 1894 1894 1895 1895 1895 1890 1893 1889 i894 .... . ... ..... ·-·· .... ---· 71 --·· i66 1881 262 1890 .... 1890 ii"o i893 37 22 issi $100 $11,696,300 100 2.000,000 5 per.an. 500&c. 1,401,000 7 1,000 2,500,000 7 1,000 600,000 7 1,000 1,584,000 7 1,000 8,000,000 5 g. 1,000 1,618,000 6 f!. 1,000 1,484,000 6 g. 1,000 1,400,000 6 g. 1,000 2,000,000 5 I(. l,i>OO 7,400,000 212-4 g. 1,112,000 4 -----· 1,000 453,000 5 g. 1,000 271,000 5 i:ooo 50 ··ioo 100 100 100 1,000 1,000 1,000 100 1,000 100 1,000 (1) ...5.g. 1,087,500 1,786,200 See text. 500,000 412 800,000 7 540,400 7 459,600 7 5,384,700 7 500,000 8 5,000,000 4 140,000 5 g. 2,500,000 5 per an. 1,900,000 4 g. 400,000 5 per an. 350,000 5 J." ·&··J. o. N. Y ·····-···· .• Co.'s Office. .raii.:-2;·i896 N. Y., Atlantic Trust Co. Oct. 1, 1897 F. & A . do do Aug. 1, 1905 M.& 8. do do Sept. 1, 1900 A.. & M.&N. M.& 8. J . & D. Q-J. J. & J. A. & 0. J. & J. F. & A. J. & J. M.& B. F_- ·&- ·A. Q.-M. J. & J. Q.-J. Q.-J. Q.-J. Q.-J. J. & J. J. & D. M.& N. F. & A. A. & 0. F. & A. J. & J. do do do do do do do do do do New York. 1st c oup. due July, '96. ........... May 1, 1910 Sept. 1, 1931 June 1, 190-& Apr. 1, 1904 Jan. 1, 1914 Oct. 1, 1900 Jan. 1. 1946 1945 July 1, 1940 1943 Aug., '92,-coulhlast pd. Columbus, 0., easurer Bost., Treasurer's office. See text. do • do do B'ston,Faneuil HallB'k Boston BafeD. & Tr.Co. Finance Co., Phila. Boston, 8. Dep. & Tr. Co. do do do do do do Feb:; ·ia29 D ec., 1895 Jan. 1, 1914 Jan. 1, 1896 Jan. 1, 1896 Jan. 1, 1896 Jan. 1, 1896 Jan. 1, 1911 June 1, 1920 1914 Feb. 1, 1896 Apr. 1, 1943 Feb. 1, 1896 Jan. 1, 1911 New York. Ohio, by which assigned to Baltimore & Ohio. Bee V. 51, p. 718. The '1 issue $10,000,000-$2,~44,000 to be placed in trust as follows: $2,Baltimore & Ohio assume!! the Central Ohio's guaranty of principal and 000,000 for redemption of prior lien bonds, $200,000 for real estate 1J.nterest of the bonds and of 3 per cent per annum, payable semi-an- · notes, :f:89,000 for coupon notes and $255,000 for surplus bonds to nually, commencing with July 1, 1895, on the preferred, "unless said cover discounts. The "genera ls" bear interest during years 1896 and .stock be redeemed," etc. DIVIDENDS-On preferred, in 1895, July, 112 1 897 at 212 per c ent, during 1898 a nd 1899 at 3 per cent and there . p . c.; in 1896, Jan., 112 p. c. B. & O. ownR the common stock. The after at 4 per cent. -debentures for $240,000 were all yaid off. Net in 1894·95, $98,004; Interest Charge -The interest charge of new company will be during .deficit under interes t and taxes, $21,396. Net in 1893-94, $75,732; the th-st and seconc'i year, $30:l,390; during the third and tourth year, i ntereRt, $110,782; deficit, $35,050. JS et in 1892-93, $34,613; deficit, $339,400; during 1Uth and ther1-1arter, $10,000,000, a t 4 per cent, $74,279. $400,000. Interest chu~e on $1,514,000 income bonds at 4 per cent, if earned, would add $60,560 annually. Columbus Hocking Valley & Toledo.-(See Map.)-Ow11e EARNINGs .....:.From July 1 to Dec. 31, 1895 (6 months), g ross, $540,main line from Pomeroy, 0., to Walbridge, O., 250 miles,' with traoka"ti -(Penn. RR. Systeni)'Walbvblge to Toledo, 6 miles; br~nches to Athens,' 29n; n et after paying tax.es and rentals, $101,424. Year 189.5, gross, $!l20,521, agamst $804,877 in 1894. For y ear e nding June 30, 1895, Nelsonville, etc., 73 miles; total, 329 miles; second track, 25 miles. groi>s . $904,303; net, $144,906; interest, $456,430; rentals, $75,451; · HISTORY, &c.-A consolidation in July, 1881, of the Columbus & deficit on dividend ~uaranteed P.&O. Fue l Co., $7,773; deficit for y ear, Hocking Valley, Columbus & Toledo and Ohio & West Virginia.. The $394,748. In year 1894 gross was 1801,827, against $797,130 in -capital stock of $8,000,000 of the Hocking Coal & RR. Co., controlling 1~93. 10,000 acres of coal lands, was purchased in 1881. OFFICERS.-(Elected in Novembe r, 1~951- President, N. Monsar1·at; Suit againsr parties formerly In control to recover the proceeds of ;gale of $8,000,000 consolidated 5s was finally decided in favor of de· Vice·President and Genera l Counsel, W. E. Guerin: Secretary, H. D. tendants in November, 1895, by the Court of Appeals. (V. 57, p. 683; Turney; Tres urer, G. C. H.oover.- (V. 59, p. 1140; V. 61, p. 26, 68, 195, 516,558,749, 830, 924.) V. 58, p. 474, 635; V. 60, p. 82; V. 61, p. 966.) Columbus Southern.-Completed in 1890 from Columbus, Ga., te ST0CKS.- Preferred is redeemable at the option or the company at par at any time. Of the $2,500,000 preferred issued, $500,000 was Albany, Ga., 88 miles. Stock, common, $880,000; preferred, $440,000. held in company's treasury in December, 1895. RECEIVERSHIP.-In Sept., 1895, T. E. Blanchard, or Columbus, Ga., DIVIDENDS.-On common stock since :'..881: In 1883, 212 per cent; in was appointed permanent recei ver. (V. 6i, p. 470. ) For year ending 1885, 133s in stock; none since. Dividends on preferred : In 1892, June 30, 1895, icross earnin~s were $76,195: d eficit und e r opera.tin~, .July, 219 p. c.; in 1893, 5; in I 894, 5; in 1895, 5 p. c.; in 1896, Jan., 212. $2,042; charges, $73,109; balance, deficit, $75,15 1. In 1893·94 g ross BONDS-Oonsolidated mortgage was for $14,500,000, of which $6,- $90,64'; net, $15,425.-(V. 60, p. 749; V. 61, p. 195, 470.) 500,000 reserved to meet prior liens; but in 189i $777,000 consols Columbus & Xenla.-Owns from Columbus, Ohio, to Xenia, Ohio reserved for 7 per cents due Jan. 1, 1892, were canceled, the 7 per cents 55 miles. Operated as a division of the Little Miami, and is leased for . having been retired with preferred stock. 'Ihe Central Trust Company 99 years from December, 1869, in connection with that road, to the Pitts• iti trustee. The general nwrtg1,ge of 1884 is for $2,000,000, ot which burg Cincinnati Chicago & St. Louis, which pays 8 per cent on stock. $382,000 were in treas ury in December, 1895. rhe lease is guaranteed b~the Pennsylvania Railroad ,C ompany. The The ca1· trust bonds are s,ecured on equipment costing over $2,600,· Columbus & Xenia pay.s,B .per cent dividend ,per annum, 21 .per cent -000, on which $1,500,000 had been paid in 1894, -and· they also cov~r March 10 and September 1 and 2 per cent June 10 and Dec. 610. $350,000 of new equipment purchased with their proceeds. The sinlrConcord & Moiltreal.-Op'ei;a,tes from Nashua, N. H., via.Concord, ing fund will retire aboltt one·tenth of the issue ye8Jrly, the bonds being subject to call at par and interest. Issued $1,750,000; outstanding Plymouth, etc., to Groveton and the White Mountains, 450 n'l.lles·in all, Jan. 17, 1896,$1,484,000. 'rhere have beenretired under the provisions (including Manchester & Keene, 30 miles, owned jointly, and 6 miles oper ated for Kilkenny Lumber Co.), of which 35 miles double track. or the sinking fund $266,000. The Ohio Land d: Ry. bonds ($1,500 000 authorized, N. Y. Security & Side tracks in addition, 152 miles. Trust Co., trustee) are guaranteed principal and interest by the C.H. , · LEASE.-On June 29, J,895, leased 414 miles to Boston & Maine for v. & T. Ry., and are so endorsed. They. cover about 11,000 acres of 91 years at rental of 7 per cent per annum on all classes of stock. (V. coal lands, and are subject to call for the sinking fund at 110 and ac• 61, p. 2il,JI3,) -0rued interest any Jan. 1 after Jan. 1, 1896. Sufficient of the loan is STOCK.-Capital stock outstanding in Oct., 1·895, (all four classes) Teserved to take up all prior liens. Receipts from royalties on land was $6,184,700. Issue of $1,200,000 addition11,l Cla~s IV. stock was owned by the company werti estimated,at $103,000 for the year ending sold at par, stock dated October 1, 1895, anc'i rental of 7 per cent on Dec. 31,jl895. stock guaranteed under the lease to the Boston & Maine. ANNUAL REPORT.-Fiscal year ends December 31. Annual meetin~ ANNUAL REPORT.-Fiscal year ends June 30. Report for 1893·94 was will hereafter be held the third Tuesday in March. Report for 1894 V. 59, p. 650, showing gross earnings, $2,413,907 ; net, $691,was in V. 60, p. 559. Traffic is mostly freight, and 61 per cent of this in 680; rentals, $76,241; interest, $241.200; dividends, $360,000; bituminous coal. 'l'he grades have been so reduced that tho average balance, surplus to .credit of operatin~ account, $14,239. In 1892·93 train load of freight is large-in 1894, 450 tons. Statement for 1895 ,:rross, $2,509,948: net, $624,344. (v. 57, p. 72-1, 938; V. 59, p. 650 below is approximate. V . 60, p. 1009, 1104, 1144; V. 61, p. 27, 68, 871.) Year ending Dec. 311895. 1894. 1893. 1892. Concord & Portsmouth.-Owns Portsmouth, N. H., to ManchesGross earnini,:s .....•....•. $2,656,162 $2,688,700 $3,270,362 $3,372,585 ter,N. H., 4012 miles, and branch 7 miles. Leased to Concord RR. in Net ea.rnings ..........•.•. $1,178,627 $1,245,926 $1,461,627 $1,567,457 1862 for 99 years. Lease, ren:tal,-$25,000; 7 per cent on stock. Miscellaneous...... . ...... 10,000 10,000 10,000 10,000 Connecticut & Passumpslc.-OwnsWhtte River Junction: Vt., to Canada Line, 110 m.; leases 999 years Massawippi Valley, 37 m. Total receipts . .•.. .••. $1,188,627 $1,255,926 $1,471,627 $1,577,457 LEASE.~From Januu.1·y 1, 1887, leased to the Boston & Taxes...................... $91,000 $96,123 $92,696 $85,316 interest on bonds......... ~23,030 923,030 923,030 923,030 Lowell for 99 years on a basis to pay Connecticut & Passumpsic stock lnterest on car trusts..... 96,765 92,572 60,809 51,327 5 per cent per annum for ten years and 6 per cent thereafter. In Other interest ........... . . 21,000 9,864 6,456 4,455 October, 1887, the Boston & Lowell, carrying this road, was leased to lnt. to Pa. Co. OIJ lease,&c. ,r 25,765 25,646 26,804 Boston & Maine. Stock authorized, $3,000,000; outstanding, as in table. Dividend on preferred ... (5) 100,000 (5)100,000 (5)100,000(212)50,000 SECURITIES. :Massawtppi stock receives same dividends as stock ot lessee and $400,000 of it [not included in the amount outstanding] Balance, surplus ......... def.$43,149 $8,572 *$262,989 $436,525 is pledged as part security for 4s of 1893 [$1,900,000 authorized] which replaced $1,500,000 of 7s due April 1, ld93. (V. 57, p. 1040.) ,r Now charged in operating expenses. in 1880-In 1881 5 t in 1882 d 1883 6 1 * or this amount. $~61,514 was spent for construction and equip• DIVIDENDS 8 ce • per cen ; an , ; n . went, &c., lea,ing a surplus of $1,475. ((V. 58, p. 474, 5 1 1 , 594 , 1884, 512; in 1885 and since at rate of 5 yearly. See rental above. 635; v. 5 9, p . 152; v. 60, p. 82, 130,521,522, 5 59, 711; v. 61, p. 966.) Average annual net earnin~s years 1890 to 1892, $219,883 . . Columbuli Sandusky & Hocking KK.-ROAD.:.....Sandusky via Connecticut Kiver.-Owns from Springfield, Mass., to Keene, N. Columbus to Zanesville and southerly to Glouster, Shawnee and H., 75· miles; branches, 5 miles; total, 80 miles. ·· · Shawnee Junction, with branches; total, 272 miles, of which 227 LEASE.-Leased for 99 years from Jan. 1, 1893, to the . Boston & miles are owned and 45 miles leased. Maine, annual rental being $258,000 (equal to 10 per cent per annum HISTORY, ETc.-A reorganization in 1895 (per plan in V. 61, p. 26) of on present capital stock), payable in semi•annual instalments Jan. 1 the Col. Sand. & H. Ry., sold in foreclosure Oct. 19, 1895. V. 61, P. and July 1, and in addition thereto mterest on 4 per cent bonds and scrip 749. For u se of terminals at, Columbus the C. s. & H. pays $1·50 per and $2,000 for organization expense~. Le_ssee pays all taxes, operat· loaded car and guarantees to make up any dedciency in bond interest. ing expenses, etc., but ~essor shall issue its stock or bonds to meet Any surplus goe.s to stock i ss't10d equally with bonds. the cost of perwanent improvements. STOCK.-Common, $7,500,000; pref. 4 p. c., cumulative, $4,100,000. DIVIDENDS 1876 to 1892 inclusive 8 per cen_t per annum, and now BONDS.-First mortgat'"e bonds were to pay old car trusts, $l,110,6 77 ; under lease 10 per cent. In January, 1893, paid 12 per cent extra. old floating debt, $703,107; improv e ments and equipment, $180,000. B0NDS.-In 1893 $1,0~0.000 bonds ~ere sold to pay floating debt. Of the general mortgage bonds (trustee, .Metropolitan Trust Co.)-total total protlt and loss dettc1t June 30, 1890, $300,463. (V. 61, p. 470.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I INVESTORS' SUPPLEMENT. LVOL. J..XII. Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables. Bonds-PrinCl• RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or Amount Rate Per When Where Payable, and by pal,When Due. Par Outstanding of of For explanation of column headings, &c., see note Stocks-Last Cent. Payable Road. Bonds Value. Whom. on first page of tables. Dividend. Concord d! Ports.-Stock, 7 p.c. rn'l, 99 yrs. Conc' d . . Connecticut River-Stock ($2,670,000 authorized) . . Scris, redeemable in ten years in cash or bonds . . Bon s, not mortgage, for $1,000,000P gold ...• .. c Oonnecting ( Phila.J-lst m., gu. p. & 1. a. RR. en. c Cornwatt d! Lebanon.-Stock . ......... .••• .. •. .••••. New 1st mortga ge for $800,000 .. .. . .. . ...... . .. . r Cresson d! lr'vona- l st mortg~e, $ 500,000 ..... .. c Oumberl'ddl Ohio- So.Div .1st .,p.&i. gu.byL.&N. Nor.thern Div ision 1 st mortga ge . . . . . .. ... .. .. . .. . Cumberland d! Penn'!!/:,lvaniar- 1 st mort. gold, guar. Oumbe1·land Valley- tock ($484,900 is pr~ferred). 1st and 2d ms., gold (2d $109,500 due Apr, 1908.) Dallas Ter m l. Ry. d! Union D ep.-Mtge. $f>00,000 .. Danbury d! Norwallc-See NEW YORK NKW HAVEN Dayton d! Mich.-Com. st'k (3¼p.c. gua r.C.H.&D.) .. ------ -$100 47 ·--100 80 80 ···1 24 24 .... ·--· ·57 ·s2 &.HA ---· i¥2 Preferred (8 p. c. gnar. C. H. & D.) endorsed... .. . 1st mort~age, guar. p. & 1. end by C. H. & D . ... <' Dayton d! nio1r-lstmort., sink. fund (notdrawn)c 32 Income mortgage bonds, sinking fund ......·..... r 32 Dayton d! Western-1st M., guar. L. M. and C. & X . c 37 Dec.Ohesap. d! New Orl.-lst M., $20,000 p. m.,:§"c* Detaware-Stock-6 p. c. guar. till 1898, P.W.& ... . · General mortgage, ser. A, for $'?,000,000, gold. CK 117 Oet. d! Bound Br.-Stock-8 p. c. gu. Phila. & Read. 1st mortgage ...... . ......... . .. . .................. . ·21 4 1st mort. on Trenton Br., 2d mort. on main line. 54 Delawa1·e d! Ohesapealce-1 st M. , fuar. p. & i. , cur. c ioo Delawa1·e & Hudson Oan at-Stoc .. . . .... . .. .. ...... 1st mort. on Pennsylvania Div. ($10,000,000)c&r Bluff Point Land Improve. Co. 1st M.,gold,guar.c* Delawat·e Lackawanna & Western-Stock . .... . .... . Con. M. now 1st M.on roaa & equip ($10,000,000)c i893 1893 1864 is0i 1894 ... . ---· 1891 is56 i:ooo 1 ,000 50 100 &c. 1 ,000 ...... i:ooo 50 $350,000 2,580.000 1,290,000 1,000,000 991,000 800,000 800,000 500,000 300,000 300,000 1,000,000 1,777,850 270,500 ---7 per an. 10 p. a n. 4 per a n . 4 t-'· 6 2 p. c. in 5 4 7 7 5 g. 8 per an. 8 g. 500 &c. 1 895 .. . ... (i ) RTFOR o. 50 2,403,243 3¼p.an. 50 1,211,250 8 per an. 1,000 1881 5 ~728,000 1,0,,0 1879 225,000 7 1,010 1879 6 51,000 1864 1 ,0UO 495,000 6&7 1,000 1889 (1) 6 g. 25 See text. 6per an. · -·· 1892 500 &c. 500,000 4¼g. 100 1,800,000 8per an. 1,000 1,500,000 7 187!1 . 1,000 300,000 6 1882 1,000 400,000 4 100 35,000,000 7 pei' an. 1,000&c 5,000,000 7 1,000 1890 300,000 4 g. , 50 26,200,000 7 per a n. 1,000 3.067,000 7 is1i is1i5 ·--· ---- is11 ---· ---·. is11 ... -···· J. & J. J. & J . J. & J. M. & S. M.15&S. Feb. '96 A. & 0. J. & J. M. & 8. J. & D. M a nchester, N. H . Boston , Mass. Springfield, Mass. Boston, M a ss . Phila., Penn. RR. Office. Co.'s off. , Lebanon, P a. do do Phila., Pa. RR. office. N.Y., L.&N., 120 B'way A. & O. Q.-J. J. & J . J. & D. J. & D . J & J. J. & J . J. & J. J. & J. Q.-F. F. & A. M. & N. F. & A. Q-Mch. M. & S. J. & J. Q.-J. l\[. & 8. Cincinnati. do N. Y., Kessler & Co. , Cin. N. Y., Am. Exch.Nat.Bk. J a n., 1896 Jan. 1, 1896Jan. 1, 1903 Sept. 1, 1943 1900·'1-'2-'3-'4 Feb., 1896 Apr. 1, 1921 July 1, 1924 Sept 2, 1898 1899 M.&N. N.Y. ,Consol. Coal Office. May 1, 1921 Q.-J. Phila. & Chambersburg. J a n . 1, 1896Apr. 1, 1904-8 A. & 0. do do .. .. 1925 -- --- ---- - N. Y., Bank of America. Dover, Co.'s Office. Philadelphia. Phila., 240 So. Third St. Phila.,Guar.T.&S.D.Co. Phila., Of., 240 So.3d8t. Phila., 233 South 4th St. N.Y.Of.,21 Cortlandt St. do do do do N. Y., 26 Exchange Pl. do do Oct. 1, 1895 J a n . 2 , 1896Jan. 1, 1911 Dec. 1, 1909 · After 1910 Jan. 1, 1905 July 1, 1921 J a n ., .1896 July 1. 1932 Nov. 20, 1895 Aug. 1, 1905 Nov. 1, 1899 Feb. 1, 1912 Dec. 16, 1895Sept. 1, 1917 Jan. 1, 1940 Jan. 20, 1896 Sept. 1, 190 7 Connecting (Phlladelphia).-Owns from Mantua Junction tAI j 1865, for 99 years 1 renewable forever, to Little Miami, and so operated Frankforcl Junction, Pa., 7 miles; total mileage including 2d, 3d, 4th by Pittsb. Cin. Chic. & St. Louis. These companies are virtual owners tracks and sidings, 47 miles. Leased to Philadelphia. & Trenton for · and answerable for all obligations. O:t bonds $32,000 are 7s. 999 years, and with that road operated by PeDD.sylvama Railroad. Rental pays interest, taxes and 6 per cent on $1,278.300 capital stock Decatur Chesapeake & N. o.-See March, 1894, SUPPLEMENT. (par $50)-of which $1,277,700 owned by Pennsylvania Railroad. Dela-ware.-Ownsfrom Delaware Junction (Phila.Wilmington & Bal, Current liabilities June 30, 18 95, $1,172,250. •timore), Del., to Delmar (Maryland line), 95 mile s; branches, 22 miles, Cresson & Irvona KR.- vwns from Cresson, Pa., to Irvona, Pa., First mortgage 6s for · $490,000 matured July 1. 1895, a nd were 27 miles, and branch to Richla,nd Min~s, 2 miles. Successor to the partly" converted into stock and balance paid. Stock outstanding beCresson & Ulearfield County & 'Ne w York Short Route RR., which was tore such conversion was $2,269,982. bought in interest of Pennsylva nia RR. at foreclosure sale early in Leased till 1897 to the Philadelphia Wilmington & Baltimore,. 1894. The road is operated by Penn. RR. for net earnings. Stock, whioh owns $1,193,325 of the stcck. Rental, 6 per cent on stock and $500,000; par, $50. All owne d by P enna . RR. E arning s July 1 to interest on bonds; any surplus of net earnings, a:rter p a ying rental,. Dec. 31, 1894, gros s (6 months) $29,334; net, $ 4 ,98 2. divided equally b .. tween lessee and lessor. In year ending October 31, Cum.berland & Ohlo.-(SeeMap Loui svi lle d! N ashvi lte.J-Owns 1894, gross, $1,155,235; net, $335,442; interest, divi lenclR, etc.. $188, 030; surplus, $147,412. In 1892-93, g ross $1,389,220; n e t, $525,739. as follows :-Southern Division, Cumberland & Ohio ·Junction to Greensburg , Ky., 31 miles ; Northern Division, Shel byville t o Bloom• Delaware & Bound Hrook.-Owns from Bound Brook (Central field, '1.7 miles. The Southern Di viRion was leased to L. & N. Sept. 19, .o f New Jersey) to.Delaware River, 27 miles; branch to Trenton, etc., 7 1878, for 25 years, and the 7s of 1898 g ua ranteed principal and inter - miles. In connection with Central of New Jersey and North Pennsyl vaest. The Northern Div ision was leased July 28, 1879, for 30 r.ears to nia forms a line between New York and Philadelphia. In May, 1879, tn e the Louisville Cincinnati & L exington (now Louisville & Nash v ille), the propertr -was leased for 990 years to Philadelphia & Reading, the lessee net earnings to be a pplied to inter est on bonds a nd sinking fund. Interest paying mterest and 8 per cent on stock. Rental $275,000. Gross earns. on Northern Div. bonds was in default in 18 93. In J •ecember. 18 95 , in 1892, $1,132,441; net, $611,272, aga inst $520,648 in 1891. the Louisville & Nashville poposed to discontinue t he operation of Dela-ware & Chesapeake Ky .-ROAD.-Olayton, Del., to Oxthe Northern Divh<ion.-(V. 61, p. 1155.) In year 1893-9 4 net earnings of Southern Div ision. $15,932, against $21,137 in 1892-93, ford, Md., 54 miles . A reorg anization in 1878 of the Md. <'1 D e l. RR $15,6a5 in 1891-92; and of Northern Div., gross, were $29,021, against The Phila. Wilm. & B a lto. owns a ll the stock ($600,000, par $25), and operates the line, ~uaranteeing the bonds principal and interes t. $26,005 in 1891· 92.- (V. 61, p . 1155.) · Dela-ware & Hudson Canal Co.-rSee Map.J-Owns canal from Cumberland & Pennsylvanla.-Owns from Cumberland, Md. to Piedmont, Md., and sev eral branches, 57 miles. Owned and oper-· Rondout, N. Y., to HoResdale, Pa., 108 miles (completed in 1828) , and operates railroad lines extending: from Wilkesbarre, Pa., via Albany,. ated by Consolidation Coal Co., which guarantees by en.iorsement the N. Y., to Rouse's Point, 0 11 Canaaa line , with branches , 685 miles in tirRt mortgage. V. 52, p. 390. Stock, $1,500,000; par, $100. all. The system is well shown on the adjoining map, and includes: cu,uberland vane·y .-Owns from Harrisburg, Pa., to Potomac L i nes ownedMiles. Linesleasedr-f[ See these cos. Milu . River, Md., 82 miles (and with leased lines operates to Winchester, a total distance of 116 miles). It leases-Cumberland Valley & Martins• Lackawanna & Susquehanna . . 22 ilAlbany &'Susquehanna . ...... 142 · burg Railroad, 34 miles; Dillsburg & Mechanicsburg Railroad, 9 miles; Va ller, RR. of Pa .. ..... ..•. ...• 17 f[New York & Canada .......••• 150 ;Southern Pennsylvania Railroad, 21 miles; controls Mont Alto Railroad, Gravity RR . ... . . . .... . ..... . ... 56 illl.ensselaer & Saratoga ...... . . 192 18 miles, but accounts are kept separate; total operated, 165 miles. Schenecta dy & Mecha nicville . 10 ff Union RR. .. ... .... ...... . ..... 22 South Pennsylv a ni a unfinished roa d, m ap s, etc ., w ere purchased in f[Cherry Val. Sharon & Alba ny 21 .fefferson RR. (trackag e) . .....• 35 f[Schenectady & Duanesburg . . 14 Other lines . ................ . ... . 4 189b. V. 61, p. 1.52. STOCK.-Authorized, $2,000,000; outstanding, $1,292,950 common, Total operated . .•. .. ........ . ......•.•.•..••••...•.•.......•.•.•..•. 685, $241,900 first pref. and $243,000 second pref.; of this $975,800 com· Also leases Utica Clinton & Bin~hamton and Rome & Clinton RR.,. mon and $237,200 preferred are owned by Pennsylvania RR. Co. 44 miles, sub•let to New York Ontario & Western. DIVIDENDS.-In 1880 to 1884, 10 p er cent yearly; from 1885, to HISTORY, ETC.-This company was c-hartered April 7, 1823. It 18 January, 1896, both inclusive, at rate of 8 per cent yearly. one of the l~rgest miners and ~arriers of a~thracite coal. See V. 54,. EARNJNGS.-11 months, ( 1 895 . .. . ... . . gross, $781 ,192; net, $259,394 p. 799. In June, 1889, the Adirondack Railroad (60 miles) was plll'Jan. I to Nov . 30. 51:894 .. . . .... . gross, 732,920; n et, 245,22i chased. Of the Rutland Railroad stook D. & H. owns $3,000,000 pref. REPORT for 1894 was in V. 60, p. 521. Earnin g s entire line as follows: and$1,000,000 cammon; road is leased to Central RR. of Vermont. Yea1·. G1·oss Net int, etc. Dividemds. Bal .. swrp. STOCK.-In May, 1894, $5,000,000 stock was sold to stockholders at 1894 . .. . . . . $ 831,646 $255,8PO $54,830 (8 p.c.)$142,228 $58,8 32 par to retire debentures due Oct. 1, 1894. 1893 .. . .... 919,306 202,264 51,984 (8 p.c.) 142,228 8,052 DlVIDENDS since 5'81. '82. '83. '84. '85. '86. '87. '88. '89 to Dec. ,'95. -V. 61, p. 152. 1880, per cent . ... ( 412 ·7 7 7 6 5 5 6 7 yearly. DaJlas Terminal Ry. & Union Depots.-Organized in 1895 Dividends for 1896 fixed at 7 p. c., paya ble quarterly.-(V. 62, p. 84 .) to furnish terminal facilities to all roads entering Dallas, Tex a s. BONDS.-Adirondack Railroad bonds carry the endorsed' gua1·antet1 The entire line will have about 16 miles of track. Construction begun in Au~ust, 1895, and in January, 1896, five miles were rea dy for of the D. & H. as to principal and interest. See that company. The Pennsylvania Division bonds cover coal lands, collieries, railoperation. A union station is to be built in 1896. It i s said electric locomotives will be -u sed. The St. Louis Trust Co. i s the mort- roads, canal, equipment and all other property in Pennsylvania. gage trustee. President is W. G. Connor. ANNUAL REPORT.-Fiscal yea,r ends Dec. 31. Annual meeting is held. Dayton & lUlchigan.-(See Map O-i ncinnati Hami lton d! Dayton.) on the second Tuesday in May. Report for 1894 was in OHRONJCLE .. -Owns Dayton, o., to •.roledo June .. 0., 141 mile~... nd leases Desh· V. 60, p. 389. Coal (anthracite) carried in 1894, 5,751,386 tons. ler to Findlay, 11 miles. Trackage (Lake Shore) into Toledo, 114 miles. against 6,177,659 tons in 1893 and 6,225,296 tons in 1892. Year ending Dec. 31. 1894. 1893. 1892. 1891. LEASE.-Leased May 1, 1863, in perpetuity to Cincinnati Hamilton & Dayton. Rental is the interest and sinking fund of debt, and 8 per Receipts from coal. $7,864,154 $9,939,648 $9,629,333 $8,335,UIO Railroads . ........ 9,448,993 10,212,41·2 10,356,-443 10,062,324. cent on preferred stock and 3¼ per cent on common. Miscellaneous. .. . 755,074 520,258 452,765 711,869' 8ECURITIES.-Guaranty on preferred is secured by mortgage of 1871, but the preferred carries no voting power. V. 56, p. 813. Mortgage of Total. .......•... $18,068,221 $20,672,318 $20,438,541 $19,109,203 1856 is held alive under mortg. of 1881, which is therefore a first lien. Operating expenses. 12,529,548 14,050,131 13,977,757 1_3 ,511,776 EARNINGS.-Proflt to lessee in 1887-8, $363,933; tn 1888-9, $348,· -068; in 1889·90, $379,494; in 1890·91, $392,365; in 1891-92, $386,400; Net............. . $5,538,673 $6,622,187 $6,460,784 $5,597,427 in 1892--93, a:393,870; in 1893·94, $208,316. Gross earnings in year Int., taxes & rentals. 3,319,960 3,407,637 3,425,320 3,393,377 ending June 30, 1894 (including Troy & Piqua branch, 8 miles), were ----$1,594,166; net, $526,442; surplus over interest and dividends, $208,· Balance for stock. $2,218,713 $3,214,550 $3,035,464 $~,204,050 316. Current liabilities July 1. 1894, $952,453. -(V. 59, p. 1102; V. 60. p. 21 S, ·3g9; V. 62, p. 84.) Dayton & Unlon.-Owns from Dodson, 0., to Union City, Ind.. Dela-ware Lacka-wanna & Western.-Ro.AD- Operates main A2 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47 miles, line from Jersey City, N. J., opposite New York City, to Buffalo, N. Y .• Operatea by Cleveland Cincinnati Chicago & St. Louis, •which,jointly 409 miles, with branches to coal region, etc., 491 miles. The system . with the Cincinnati Hamilton & Dayton 1 owns the capital stock. All as clearly indicated on accompanying map, includes: 1mrplus earnings overJµterest goes to a. ·smking fund for the redempt~on Lines'ownedMiles. .Linesleas~,i Seeeachco. Mitr,,, of bonds at not abov:e 100. Cap\tal s~ck, $86,300. For year endmg N. J. State line to N. Y. line ..•. 115 f[Syracuse tUng. & N. Y ....••••• 81 JunE' 30, 1895, ~ros s, $148,701:!; net, $63,404; charges, $23,395; b~l- Br'nches to N'rthumberl'nd,&c. 97 ~Utica Chenango & Susq....... 97 ance, surplus, $40,009. In 1893·94, p:ross, $136,926; net, $49,014; Lines leasedff Valley RR. of N. Y .•...••..... 12 In year 1892·93, gross, $151,346; net, $7a,6-l8; taxes, $3,469; surplus f[Morris &Essex ......•.. ····-··120 ,TWarren ..•..••..••..•••.•...... 18 over interest on incomes, $37,362. f[N.Y. Lackawanna & Western . 214 Sussex, &c .•••••..••.•.•••••..•. 77 Dayton & Western.-Owns from Dayton, 0., to State line, Ind., f[Cayuga & Susquehanna ....•• 34 37 miles, and leases 4 miles to Richmond; Ind. Leased from January 1, f[Oswego & Syracuse ...•••..... 35 Total operated ...••••• .....• 900 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I JANUAR Y, RAIL.ROAD STOCKS AND BONDS. 1896.j MAP OF THE DELAWARE & HUDSON CANAL COMPANY'S RAILROAD & CANAL SYSTEM. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~l lNVESTORS' SUPPLEMENT. RAILROADS. Por explanation of column headings, &c., see notes on first page of tables. Delaware Maryland & Virginia-Stock ...••..••...•. [VOL, LXII,._ Bonds-Prine! INTEREST OR DIVJiDENDS. Miles Date Size, or pal, When Due. Amount of of Par Rate Per When Where Payable, and by Stocks-Last Road. Bonds Value. Outstanding Cent. Payable Whom. Dividend. --- --:r $25 $526,758 J.--&--J. Phllaa233 Bo.Fourth St. Junction & B.-lst m. to State, red. aft. Jan. '95 .. ·44 185,000 44 1879 Junction & Breakwater 2d mortga~e.. ..•....... c* 1,000 250,000 F. &A. 4 o do Break. & Frank. 1st m. to State, re . aft. Jan.'95. 19 1874 do · do 200,000 J. & J. 3 Worcester RR. 1st. M. (s.f. notinoperat'n) gold.c* 35 1876 5oo··&c. 400,000 4 g. A . & 0. do do Delaware Susq. cf: S. RR.-Stock <auth. $1,500,000) ..... 50 1,500,000 See text. Seetext. Philadelphia. 1st mortgage bonds ($1,500,000) ~Id... . ..... c* 48 1894 1,000 600,000 6 g. A. & O. Philadel., Co.'s Office.Denver Leadville cf; Gunnison-1st ., gold ... c*~r . . . . .... 2,308,000 412g. M.&N. New York. --ioo 38,000,000 DenTJer cf; Rio _G rande-Stock, com., ($4~,500,000) . .... Pref. stock, 5 per cent non•cum. ($28,000,000) . .. ...... 100 23,650,000 See.text. Office, 47 Wm. St., N. Y. let mort. $1,000 gold or £206 sinking fund .. c*&r 295 500 &c. 6,382,500 7 g. M:·&--N. N. Y., Fourth Nat. Bank. 1st consol. mortgage (for $42,000,000) ~old.c~&r 1,621 1886 500 &c. 28,650,000 4 g. J. & J. do do Iml}.rovement Mort. ($5,000 per mile) {o d ... c*&r 1,621 1888 500 8,103,500 5 g. J. &D. do do Du oines ti Fort Dodge-Cemmon stoc .......••.. .... 100 4,283,100 Preferred stock ... ................... .. ............. 100 763,500 See.text. August. Chica<So, C. R. I. & Pac. lstM. DesM. to Ft.Dodge, SeriesA,int.guar.,eDd. 1,000 88 1,200,000 4 J. & J. N.Y., hic.R.I.&Pac.Co. 1st mort., Series B, income, int. ~aranteed, end.. 1,000 88 1874 1,200,000 2lg J. & J. do do 1st mort. on exten., Tara to Rut ven, int. guar .. 1,000 56 1881 J, & J. 672,000 4 do do Des Moines ti Kansas Oity-Stock ...•... • .........•. 112 100 800,000 .... ..5.g. J. ..&.J. 1st M. fundin~ and imp. ($2,000,000), iold.. c*&r 112 1,000 (t) Des Moines Nort iern ti w ·. -1st M. $5,415, 00,gold.c 150 .1895 1,000 2,902,000 4 g. J. & J. N.Y.,Metropol'n Tr. Co. Du Moines Union-1st M. for $800,000, gold ..•.. c .. 1,000 3 1887 569,000 5 g. M.&N. N. Y., Central Trust. Detroi_t Bay a~ cf; Alp,-:-Bee I )ETROIT & MAC~I N.AC. Detroit Grand aven cf; Mil.-lst e3ru1p. M. gu .... c 1,000 189 1878 2,000,000 A. & 0. { N.Y. .AfcyBk. Com.,} 6 Consol. mort., guar. by Gr. Trun of Can. .. .... c* 189 1878 200 &c. 3,200,000 A . & O. 6 Cana a & London. Detroit Hillsdale~$, W.-St'k,4p. c. rent'l,L.8.&MS. 100 65 1,350,000 4 per an. J. & J. N. Y.,Farm. L. &Tr. Co. isso --------- ----· 1871 is14 ·--- .. iso2 .... Ja.n~":i,""i939 Feb., 1899 Jan. 1, 1932 April, 1896 (1) Apr. 1, 1909· Nov. 1, 1918 Jan:·i5·;189 Nov. 1, 1900 Jan. 1, 1936 June 1, 1928 Aug: 1,..i895Jan. 1, 19fu June 1, 1905 June 1, 1905 Jan~·1,"i932 Jan. 1, 1915Nov. 1, 1917 Nov. 14, 1918 Nov.15, 1918 Jan . 5, 1896: HISTORY, ETC.-This is one of the most important of the anthracite I company's property, following immediately after the oonsolidaud. c.,oal roads. Original company chartered in 1849 ; present title I Mortgage abstract in CHRONICLE, V. 47, p. 229. ~ssumed in 1853. Its leased lines are mostly held under long GENERAL FIN.ANCES.-On June 30, 1895, the company held in its leases, a!ld the system 1~ compact. In 1894 representatives of the treasury stocks and bonds valued at $1,673,550. The "special renewal) Vanderb1lts entered tile airectory. See V. 57, P, 721. fund" held $451,575. Denver & Rio Grande in l 895 advanced RioDIVIDENDS since 1880-In 1881, 6~ ; ln 1882, -1883 and 1884, 8; in Grande Southern $169,839 in cash and endorsed $57:• ,498 notes given 1885, 7~; from 1886 to Jan., 1896 Inclusive, at rate of 7 p.c. yearly. for Rio Grande Southern floating debt, receiving therefor $671,000 Rio GENERAL FINANCES.-On Dec. 31, 1894, accounts receivable (includ- Grande Southern firsts, one·half of the stock, and all surplus earnings hlg cash and ooal on hand, &c.) were $7,316,113, against $8,309,190 over fixed charges, taxes, etc.,. f<;>r three years from Jan. 1, 1895.-(V. Dec. 31, 1893; accounts p~yable, $6,067,451, against $6,563,554. . ~i~~ei9i;/J!ii!~~P· tgJJ_~~v~e:rs _& R. G. preferred stock 0 4 E.ARNI~Gs.-The lea-sed lmes in New York State for 3 months endmg Y, 'P . Sept. 30, 1895, had surplus overcharges of $790,511, against $593,028 LATEST E.ARNINGS.-July 1 to Dec. 31 (6 mos.), December estimated in 1894. For fiscal year ending June 30, 1895, surplus, $1,886,766, 6 mos. Gross earn'gs. Net earnings. Intet·est, etc. Balance. against $1.349,826 in 1894. 1895..... $4,067,065 $1,816,171 $1,179,24-2 sur.$636,929ANNU.AL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held 1894..... 3,707,539 1,603,147 1,206,989 sur. 396,158 on the Tuesday preceding the last Friday in February. 'l'be renort for ANNUAL REPORT.-Annual meeting i11 held at Denver the third Tues 1894, with balance sheet, was in CHRONICLE, V. 60, p. 175. The fol· day in October. Full report for 189·1·95 in V. 61, p. 418, 421. Bee also, lowing includes all lines except Syr. Bingh'ton & N. Y. auo Sussex RR.: editorial, p. 395. Construction account was closed in September, 1891~ Year end. Dec. 31. 1894. 1893. 1892. 1891. since when all improvements have been charged against income. Passenger eRrn's $3,550,504 $3,820,908 $3,655,560 $3,604,151 Year ending June 301895. 1894. 1893. Coal freight ........ 1 18 261 937 10,949,533 10,448,277 9,679,732 Average miles operated.... . ... 1,657 1,654 1,646 Mdse&miscel. ..... ~ ' ' 9,396,834 9,302,187 8,727,938 Grossearnings .....•.•.....••••. $6,916,840 $6,476,044 $9,317,647 ---- - -- - - Net earnings ....................... 2,925,628 2,503,493 4,035,562 $21,812,441 $24,167,275 $23,406,024 $22,011,821 Other income. .................. 14,600 10,300 54,575Coalreceipts, etc ... . 21,246,420 24,623,698 22,820,259 19,837,933 - -- -- - - - - Total net income ......•..•..... $2,940,228 $2,513,793 $4,090,137 'Total gros11 receipts.$43,05R,862 $4.8,790,973 $46,226,283 $41,849,754 Interest on bonds ............... $1,997,950 $1,993,873 $1,986,675 RR. over. ex. & tax. 14,645,398 16,-179,729 15,605,!J79 13,117,885 Taxes and insurance... ........ 342,256 347,227 352,088 l'ltterments.... .... .......... .......... 464,539 121,474 Betterments c 5 240,000Mining, &c.,expen. 21,363,797 24,057,843 22,175,902 20,776,706 Miscellaneous··--······--····--· 5 71,33 2 109,065 4 73,000· Total expenses .•• $36,009,195 $40,537;572 $38,246,420 $34,016,065 JDividend on preferred st00 k.. . . Nil. ____ I ~f f c ·s5:oa·o Net receipts......... 7,049,667 8,253,401 '7,979,R63 7,833,689 .Balance surplus $528 690 $87 663 $929 309' Interest andrentals. 5,412,332 5,360,490 5,366,406 5,418,226 -(V. 59 ,'p. 234, 697; v. 60, p. 392: 563,656,928'; y Balance, surplus . ... $1,637,335 $2,892,911 $2,613,4/57 $2,415,463 61, p. 68, 279, 395, 418, 421, 871, 1014, 1064; V. 62, p. 138.) Dividends (7 p. C). •• 1,834,000 1,834,000 1,834,000 1,834,000 Des Moines & Fort Dodge,-Owns Des Moines to Fort Dodge, Ia.• -·------·88 m., and Tara to Ruthven, 55 miles ; trackage, Illinois Central, Tara Bala.nee after divs . df.$196,665sur.$1,058,911 sur.$779,457sur .$581,463 to Fort Dodp:e Junction, included above. Leased Jan. 1, 1887, to Chic. --(V. 59, p. 651,835,879; V. 60, p. 175,301, 835; V. 61, p. 240,420, 924.l Rock Isl. & Pac. for 18 years at rental of 30 per cent of gross earns., with Denver Leadville & Gunnison,-See SUPPLEMEl'IT of Sept., '94. a guarantee of 4 per cent interest on the first mortgage and extension bonds, and 212 per cent per annum on the incomes. DIVIDENDS.-On Dela-ware Susquehanna & Schuylkill,-Owns main line preferred in 1893, Aug., 2 p. c.; 1894, Aug., 4 n. c.; in 1895, Aug., 4p.c. from Drifton, Pa., to Gowen, Pa., 31 miles; branches, 17 miles; total Rental in year ending D ec. 31, 1894, was $132,372; for 1893 was owned, 48 miles. Trackage-Lehigh Valley Rlt., 133 miles; other $138,192; for 1892 was $142,077. V. 61, p. 195. trackage, 2 miles; total operated, 183 miles. Chartered April 14, 1890 ; opened Feb. 15, 1892. DIVIDENDS on stock are not paid at any .Des Moines & Kansas City.-Des MoineR, Ia., to Cainsville, Mo. , stated period. Oct. 18, 1892, a dividend of 40 p. c. (the first) was paid 112 miles, 3·foot gau ge. The road is to be madi-, standard gauge. Ex in cash; Nov. 25, 1893, 20 p. c. in cash and 50 p. c. in stock was paid; tension to Kansas City proposed in 1895. Purchased in December; Sept. 26, 1894, 262:3 p. c. in cash. Mortgage trustee is Trust Co. of 1895, by the Keokuk & Western. Under the mortgage for $2,000,000 North America, Philadelphia. (Massachusetts Safe Deposit Co .. trustee), $480,000 bonds were pledged EARNINGS.-Fiscal yea r ends June 30. In year 1894•5 gross, $1,240,- as collateral for notes ~iven for new equipment, repairs, etc.-the 106; net, $300,72!:!; other income, $1,274; charges, $50,455; balance authorized issue is $8,000 per mile on narrow ga.u~e. $16,000 per mile for dividends, $251,547. Dividend of $400,000 (262:3 p. c.) was paid on broad gau/le road. V. 55, p. 297. On Jun e 30, 1894, loans and bills in Sept., 1894, out of pro.fits of June 30, 1894. In 1893·94 gross, payable, $693,550. In year 1894·95 gross, $88,614; net, $13,426. Uharges, $4,273. 1893·94 gross, $102,879; net, $7,617. V. 61, p. 1064 $860,034; net; $446,430. Des Moines Nortl1ern & WesternRR,-OwnsfromDesMoines Denver & Rio Grande,-(See MapJ-RO.AD-The lines of this company, well shown on the ad,joining map, reach all the important to Fonda, Iowa, 115 miles, and from Clive (7 miles from Des Moines) to Boone, 35 miles; total, 150 miles-all standard. In August, 1894, a points iri Colorado, while its standard gauge line from Den vervia Pueblo westerly, via Leadville and Grand Junction, forms a link in the trans• controlling interest was acquired by Chicago Mil. & St. Paul, which will oyerate the road separately. V. 59, p. 228. Successor of Railway Continental route to Ogden, Salt Lake City, &c. Its total milea1?e main line June 30, 1895 (including Rio Grande Junction RR., etc., 62 sold m foreclosure Dec. 18, 1894. Capital stock is $4,372,500. Th e first mortga~e is for $5,415,000. Trustee, Metropolitan Tr. Co., N. Y. miles leased and 18 miles owned but leased to Rio Grande Western), was 1,657 miles, of which 682 miles was standard gauge and 296 miles E.ARNINGS.-In year ended June 30, 1895, gross $334,234, net, $101,laid with a third rail; 2d track and sidings 357 miles, of which 257 m. 375; other ,income, $201; charges, $126,610. Balance, deficit, $25,standal'd or 3·rail. 031. In 1893·94 gro~s. $352,173; net, $101,072. President, F. M. 'l'11e U . P. Denver & Gulf u s es Denver & Rio G. tracks from Walsen· Hubbell, Des Moines, Ia. (V. 59, p. 738, 879, 968, 1103.) burg to Pueblo, 57 m., at a rental of $85,000 per annum. -V. 61,p. 421. Des Moines Union.-A terminal road, 5 miles in length, in Des HISTORY.-Reorgantzation of a railway company of same name fore· Moines. Leased to Wabash RR., Chicago Great Western and Des Moines c,losed July 12, 1886. The Rio Grande Junction is leased jointly by N. & W. Rental equal to expenses and fixed charges paid monthly by tWs company and the Colorado Midland, and its bonds guaranteed. In lessees on wheelage basis. Stock authorized, $2,000,000; outstanding, July, 1895, the Rio Grande & Santa Fe (formerly Santa Fe Southern), $400,000-par $100. Current liabilities, etc., June 30, 1894, $87,741. 39milesroad, was acquired in interest of D en. &Rio G.-V.61,p. 68,421. Earnings for year ending June 30, 1895, were, gross, $121,061; net,. IJIVIDENDS { 1888 188l:1 1890 1891 1892 1893 1894 1895 1896 $29,959. In 1893·94, net $;-j2,284. on pref.p. ct. 5 334 0 234 212 O 2 O O below Detroit Bay City & A.lpena,-See DETROIT & MACKINAC. On preferred in 1896, Jan., 1 per cent. V. 61, p. 1064. Detroit Grand \Iaven & Mll-waukee,-Owns from Detroit.. 80Nl)8.-Coupons of the first mortgage sevens are payable at option ot Mich., to Grand Haven, Mich., 189 miles. A reorganization of Septembolder either in N. Y. City $35 U. 8. gold,in London, £7 4s. 5d. sterling, ber, 1878. The bonds are guaranteed by the Grand Trunk of Canada. or in Amsterdam 86 florins, all free of U.S. taxes. Of the first con· Stock. $1,500,000: par, $50. Ri:ial estate mortgages, $226,000. Loans •olidated gold bonds (United States Trust Co., trui,tee) $6,382,500 were and bills payable Dec 31, 1894, $100,000. reserved to retire the fi1•st sevens when due, and they can be issued ait EARNINGS.-11 months, 1895 .. ..... Gross, $926,758; net, $108,094. • such rates of interest up to 7 p. c. as will retire said bonds. Upon payJan. 1 to Nov. 30. 51894 ....... Gross, 934,383; net, 119,153-. ment of the first 7s the first consols will be a first lien on all the prop• For year ending Dec. 31, 1894, gross earnings we:re $1,012,584; net. erty, as they are now on about 1;300 miles of road and all the equip· $150,942; deficit under interest. etc., $222,239-a-dvanced by G-ran~ · ment. Consols for $6,900,000 are also reserved for extension to Ogden, ti deemed advisable. Those unissued may be used with the consent of Trunk Ry. In 1893 gross, $1,112,722; net, $187,114. Detroit HlllsdaJ,,, & Soutb-western,-Owns from Ypanantt. a majority of the prefeued stock for extensions ali not exceeding $20,000 per mile. See abstract of mort~age in CHRONICLE, V. 4 7, p. 228. Mich., to Bankers, Mich., 65 milei,. Leased in perpetuity from July 1,. The imp~ement mortgage (U. 8. Trust Co., trustee), is issued on the 1881, to the Lake Shore & Michigan Southern Co.; the rental is-$54,000 property covered by the consolidated mortgage, and so eovers all the per year-4 per cent. Gross earnings in 1894, $40.259.. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 396; 42,;,"·424 , c .i ANU.ARY, 1896,] https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCKS AND BONDS.. DENVER & RIO GRANDE RAILROAD - -- +-- Q, I,Q,(Jo iU ?os P osus lNVESTO.RS' SUPPLEME.NT. [VOL. Snbscrlhe r l!I wilJ c onfer a great f'avor b y c lvlnc Imme dia t e notice o f any error discovered In these 1 XII Table ■ • Boniu-Prinol RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size,or p a l,WhenDue. Amount For explanation of uolumn headings, &o., see notes of of Par Rate per When Where Pwble, and by Stocks-La.st on first page of tables. Road. Bonds Value. Outstanding Cent. Payable om. Dividend. ---- ---· D~;~~~;.!t'i:;.f.c~~~~·:~i~.1:1~~~~~~: .~~~~~::::::: Ionia & Lanfltng 1st M.,extended in 1889,guar.o* D. L. & N. uonsol. mort. (1st mort.on 167 m.) ... o* Saginaw & West. 1st M., 901d, guar.,endorsed .. o* Gr. R. L . & D. 1st M .• ($2 ,OOOp. m.) endorsed .. o* Detroit & Mackinac-Stock $3,000,000 ............. "First lien" bonds $1,500,000 ~old . ....... . .•.. o* ·•Mort. bonds" $2,500,000 gold, red. at par. .. . o* Dover <I: Rockaway-Stock 6 p. o., rental 999 years. 1st mortgage ...............••••.....•.•...•••...•. D utru'{J:.e ct Simtx Oity-Stook'..•...............•...•. Ill. ent.• West. lines, 1st M'-Jlold (see text).o*&r Iowa Falls & Sioux City 1st ., Ia. F. to S. City .. Cher"& Dall'- and' Cedar Rap. & Chio. lst•morts . .. Duluth. <f: Iron Range-1st mortgage .••..••..... o&r Income certificates ..•....•••.•••••••••. ........•.. Duluth Mi11sabe ti North:e1-n-lst mort~age, gold ... r~t oonsol. mortgage, $3,500,000, go d .........•. General 2d mortgage ($3,500,000) gold .......... Equipment tru st s June 30, 18 94 .................. Ditliith Miss. River d: North'n-lst M., $2,500,000 . l>ul. Red Wing&So.-lstM.,g.,$20,000permile.o*&r Dulttth Smith Sh.<f:.Atlantic-Marq.H.&On.Gen.M.o• Duluth South Shore &Atlan., lstmort.,gold .. o&r First con sol. mort., 01d, interest guar ...•. o*&r lno. certs. ($3,000,00 held by C. Pao. Jan., '94) L>ututh '1.'ransfe1·-lst mortgage for $2,000,000 .... l>u.luth d: Wi nnipeg.-lst M.for $7,000,000,gold . . c* Dul.& Winn. Ter.Co. 1st M.,$250,000,g.,guar.p.& i. 3 . -- . .... ·55 isi39 222 43 55 1877 1883 1887 ·aii iso5 all 1895 ···5 iss1 524 142, 184 ' 197 162 ---1895 ;1869 1888 1887 ---- iso2 --·· 1893 ·--· .... 1894 ---· 1895 ·25 156 366 580 ·20 100 ---· $100 $1,825,600 ·-···· 100 2,510,000 ···;, 1,000 770,000 5 0 0 &o. 2,672,000 7 1,000 566,000 g. 1,000 1,108,000 100 1,000 ·000:000 1,000 4 g. 1,250,0 00 100 140,000 6 1,000 35,000 6 100 8,000,000 See text. 1,000 4 g. 3,550,000 500 &o. See text. 7 3;930,000 5 1,0O0&o 6,332,000 5 ...... 3,500,000 6 1,180,000 6 g. 2,320,000 6 g. 4 g. 1,600,C'00 -----....... 364,938 ...... 1888 1885 1887 1890 1892 1891 1889 1892 ·· g ···.rg. J. ··.fn. i:ooo .......... 1,000 1,000 1,000 1,000 i:ooo 1,000 1,000 De1rolt Lan1dng & Northern.-A "Merriam" road, extending from Detroit to Howard City in Northern Michigan. Road Owned. Miles. Trackage. (1TWhioh Pee.) Miles. W. Dt-t. to Howard Cit:v,Mich.157 Detroit to West Detroit :StauutonJunc. to Big Rapids, (Mi_oh. Cen.>······:·········· 3 etc_. ......... •······ ·········· 63 LansmgtoNo.Lansmg(Jaok. Beldmg Branch..... . ......... 112 L . & 8.) . ..................... 1 Rf!ad Leased. Other llnes .•... ·•· · ••··••·· ··· lO Sal{maw & Weste~_n RR., Al· 43 33412 0 i"a~~i~%netroit, ~~!~~ G1·. Rc.tpids to Gr. Ledge,eto. 55 Saginaw Val. & St. Louis,r .. 45 Gr~~~J~ I Z~!:!1~ii"<iiit:paiii)". R EORGANIZATION.-A reorianizationpla n now in preparation was expeoted in January, 1896·-( · 61 • p. 324 ·> BONDS, ETc.-On Jan. 1, 1895, current liabilities exceeded assete by $434,022. Friends of the company purchased the July, 1893, ,coupons . The Sept.,'93, coupons of the G. R. Lan. & Detroit were also jpurchased, but coupons due in January, 1894, went to default. LATEST EARNINGS.-From January 1 to November 30 (ll months.) 11 months. <h·oss eat•n'gs. Net earn'gs. Interest, &c. Balanr,e, 1895 . ......... $1,058,963 $234,092 $332,262 def.$98,170 1894 . ... .. .... 1,007,402 188,498 328,839 det.140,3 41 ANNUAL REPORT.-Report for 1894 was in V. 60. p. 747. Year end. Dec. 3 1. 1894. 1893 . 1892 . 1891. Total •~Toss earnings. $1,098,723 $1,205,093 $1,265,572 $1,254,100 Netoverex,v.&taxes. 200,169 234,306 341,502 375,446 lnterest paid . ........ ,r366,280 328,036 314,909 316,587 58 859 ~.avl~~~t: RR~~~·.~ ·.dtJ.i~.i11 dd8:r.r~·.iii sd1!r.ri·.~i~ Snr. 9 ' 49 0 def. l , t ,riuoludes $16,322 for Detroit terminals; in previous years included i n operating expenses. -(V. 59, p. 968, 1103; V. 60, p. 347, '7 4'7; V. 61, P, 324, 1013.) D etroit & Mackinac Ky.-Owns from Alger, on Michigan Central, io .M pena, 105 miles; Loon Lake Branch, 32 miles: Murt Lake Bran c h, 38 miles; other branches, 49 miles. · The Alpena & Nort!lern, 60 miles into timber limits, is now owned and will form part of the ex• tensiou t•• Mackinac. When extension from Emery Junction South to B ay City iR completed the company will own abou,t 170 miles of main line aucl about 1:20 11, iles of branches. Much of the branch line mileage ts temporary, built only to bring out lumber. See V. 61, p. 558. H1sT0R¥ ,ETl'.-Formed in December, 1894, to succeed the Detroit Bay l ity & Alpen>-1, ,-old in foreclosure. The "first lien" bondEl, e"<oept $1011,0U0 for reorganization pm•po~es. are to be reserved for extensions to Ba,· City & MH ckinao. "Mortgage bonds" for $ 500,000 are reserved tor betterments, etc., at not over $50,000per year. Agaius ttbe Alpena & Northern, 60 milel'I, r ecently pnrohase.d, $300,000 "tirst lien•• bonds were iRRned, $500,000 for extension from Emery Junction to B ay City and $100,000 for reorganization purposes. The stock and $750,000 ~• mortKage bonds" are to be held for a time in trnst, and if deemed best may be couverted into preferred stock. Full data in V. 60, p. 130. STOCK.-The capital stock is $3,000,000, of which $1,000,000 is preferred, to be issued only for oonve1·sion of bonds as above. LATEST .EARNINGS.-11 mos. 'I, 1895 .. gross, $336,335; net, $129,487 Jan . 1 to .Nov. 30. 5 189-! .. gross, 218,436; net, 93,347 EARNINGS.-For old and new companies earnings for year ending Dec. :.H, 1e94: <.:;ross, $233,621, against "$380,476 in 1893; net, $SB,· 832,-against'. $158,235. Tlle moorporators are Anthony J. Thomas, C.H. Coster, E. N. Gibbs of N. Y., Don M. Dickinson of Detroit, George N. Crooker, Mount Ulem,enR, Frauk Fletcher. Detroit. Presidem, C. H. Coster, N. Y.; Vice· PreRident and Gen.•Man., J. D. Hawks of Detroit. V. 60, p. 43,130, 711; V.61,p.281,470,558. Do ver & K ockaw-ay.- (See Map Oent1·al RR. of N. J.)-Owns Port Oram to Rockaway. N. J., 5 mUes. Leased to Central of N. J. in April, 1881, for 999 years at 6 per cent on stock and bonds, taxes, etc. ·r:: Dubuque & S i oux City KK.- (See Map of Illinois Oentral)Owus lJubuque, lowa, to Iowa l'' alls, 143 miles; Iowa Falls to Sioux City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa, to 8ioux Falls, Dakota, 155 miles; liotal owned, 524 miles. Also leases Cedar Falls & Minnesota, 76 milee. LEASE, ETc.-Controlled since .April, 1897, by the minois Central RR. Co., whicll on J11l y 1, 18~5, owned $ 7 ,922,600 of the $8,000,000 capi· tal stock, and which J an. l, 1895, reuewed its lease or tho road until ~ Aug. 1, 19-H. This lease is s ubj ect to the Dubuque & Sioux City mortgage securing the Illinois Central bonds. See terms onease V. 61, p. 560. BONDS. · The Illinois Central RR. Company in 1895 issued $3,550,000 or Illinois Uentr1:1,l (Western Lines) 4 ner cents, sec ured by a first mort• gage of the Dubuque & Sioux City RR. Co. upon the road 'rrom Dubuque to Iowa Falls, 14~ miles. The old Dubuque & Sioux City bonds have been retirerl For further ·pa.rtioulll.rR as to •the Western Lines loan set• TllinoiR , 'entral. The IllinoiR CAntra.l owns all the Cherokee & Dakota and Cedar Rapids & Chicago 5s, due in 1935, which 11,1'8 pledged https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis F. &A. F. & A. J. & J. J. & J. J. & J. M.& B. 500,000 1,400,000 4,000,000 14,600,000 3,000,000 875,000 2,000,000 250,000 . ..5.g. J. & D. A . & 0. J. & J. F.--&..A. A. & 0. J. &D. A. & 0. See text J. & J. J. & J. J. & J. ---·· . --- .. -- .. See text. do do do New York. New York. N. Y .. 143 Liberty st. do do N. Y., Office, 214 B'way. do do do do do ·(lo N. Y., Office, Mills Bldg. 1887 1888 1899 1907 1913 hl2'7 Jm1.e" 1,· "i995 June 1, 1995 ·····--· ·fa: ·i894 1, 1951 Juiy Aug. Oct. 'Dec. Oct. 1, 1917 1, 1935 1, 1937 Jan:·1;·i922 N. Y., Central Trust Co. Jan. 1, 1923 Jan. 1, 1924 .... .-- --· ·-----·-·· J_..&.. J. N. Y., Central Trust Co. A. & 0. N. Y., Third Nat. Bank. 6 5 g. J. & J. do do 4 g. F. &A. New York or London. 4 New York. 6 g. J. & J. N. Y., 1\-letropol. Tr. Co. 5 g. J. & J. Jan., '93, coup. last pd. 6 g. J. & J. Jan., '93, coup. last pd. ---· · Feb. 15, Feb. 15, July 1, Jan. 1, July 1, Sept. 1, ........ Jan:·1;·i928 Apr. 1, 192~ Jan. 1, 1937 Aug. 1, 1990 Dec. 31, 1912 Jan., 1921 July 1, 1929 July 1, 1922 Imortgage as part security for its 4 per cents of 1952. Iowa Falls & Sioux City is for $2,800,000, of which $460,500 July 1, 1893, held in the Dubuque & Sioux City treasury. DIVIDENDS-In 1888, 12 of 1 per cent; in 1891, 2; tn 1892, about 1 5 of 1 p. o.; in '93, Jan., ll-4 p. o.; July, none; in '94,Jan. lp.o.; July, 112p. o. EARNINGS.-Cn year ending .Tune 30, 1894, on 600 miles (incl. Cedar F. & Minn.), gross, $2,538,923; net, $876,329; other income, $6,730; 1·ent of C. F. & Minn., $113,370; int. on debt, $517,-<35: dividends (2 ½ p. c.) $199,990; bal. surplus for year $51,864. In 1892·93, gross $2 ,· 548,768 ; net, $732,914. (V. 58, p. 773; v. 59, p . 191; V. 60, p. 794.) Dulntl1. & Iron Ku.nge.-Owns Duluth to Ely, Minn., 116 miles, with branches to Mesaba Range .M ines, Fayal, etc., 57 miles. Also owns ore docks, shops and yards on Lake Suyerior costing over $1,500,000. STOCK, ETC.-Stock authorized, $3,000,000; outstanding. $500,000; par $100. Land grant from Minnesota about 506,000 acres, of which 208,000 acres had been patented to it prior to April 30, 1895. See V. 51, p. 875. The Minn. Iron Co. owns the stock, the $3,500,000 6 p. o. income certificates and $400,000 bonds. The bonds are author• 1zed at the rate ot $25,000 per mile for construction and $7,000 for equipment, the 1\fotropolitan Trust Company of New York bein~ trustee. In 1895 $336,000 firsts were issued for additlonal mileage, 1319 miles and $238,000 for equipment. E ..\.RNINGS.-From Jan. 1 to Nov. 30 (11 months): Bal., su1·. 11 months. Gross earn. Net earn. Oharges. $941,883 1895 .......... ..•• .. $2,155,613 $1,219,656 $277,773 1894 · ····•· · ·· · ····· l, 5 oo,o 29 872 , 714 In 1894, gross, $1,516,837; net, $799,5A8; interest on bon·d s, $274,500; rentals, $1,890; improvements, $4,129; interest earned on loans, 0 3 8 s~:l~~ ~e~~rrt~lf;, $l~~90~8~rifn°~Jii· ~~~!~~s$'1!?~~gg; net, $611,906. President, J. L. Greatsinger, Duluth.-(V. 57, p. 723; V. 58, p. 389; V. 60, p. '744; V. 61, p. 152,661, 966.) D uluth ll.llssa b e & Northern.- Owns from Duluth to Mountain Cron, Minn., 73 miles; branches, 53 miles; total, 126 miles. In Septem• ber, 1893, control of this road was obtained .by.the Lake Superior Con• solidated Iron Mines, with a capital of $30,000,0 00. Stock of D. M. & N. (authorized $5,000,000) issued $2,506,666; •par $100. On June 30, 1894, funded debt was $5,464,938; other indebtedness; $468,997; cash and current assets, $330,835. IQ year ending June 30, 1894, gross, $743,805; net, $310,344; fixed charges, $237,663. D uluth ll.llsslssl p pl R iver & N orth er u.-Operates from Mis· sissippi Landing, Minn., via Swan River, on the Duluth & Winnipeg, to Hibbing on the Duluth Mjssabe & Northern, 37 miles. Over the latter road it has connection with all polnts on Mis abe and Vermillion iron ranges. Logging branches, 32 miles; total, 69 miles. A mortgage for $2,500,000 to the Central Trust Co. was reported tiled in August, 1895. President, A. W. Wright, Alma, Mioh.-V. 61, p. 281. D u l uth R ed W iug & So u t b e r n . -Projected from Duluth via. Red Wing, Minn., and i:Houx City, Iowa, to a point opposite Omaha. Neb. In operation from Red Wing, southerly to Zumbrota, 25 miles; branches, a miles. Stock, $375,000, of which $125,000 is preferred, Trustee of mortgage is Central Trust Company. In year ending- June 30, 1895, gross, $76,622; net, $25,139; charges, $22,343; balance, surplus, $2,796. In 1893·94, gross, $69,4 67; net, $20,846. President, '£. B. Sheldon. tV, 56, p. 403.) D uluth S o u th S h ore & A tla n tlc.- Operates Duluth to Sault Ste. Marie, 411 miles; "Soo" Junction to St. I~nace, 43 m.; other. 124 m.; tracka~e. 18: total, 596,.,miles. Connects with Cana.djan Paoitic. ORGANIZATION, &c.-In Jt.ijy, 1888, a controlling iu ~rest in this company's stock was sold to ·Canadian Paoifl.o parties. ·The .Marquette Houghton & Ontonagon was sold in 1890, except its franchise, to the Duluth Soutll Shore & Atlantic, which assumed its debt. CAPITAL STOCK.-Common stock is $12,000,0 00 ; preferred, $10,000.00 0; par both $100. Preferred stock is 6 per cent, non-cum. Canadian Pacific Jan. 1, 1895, owned $6,100,000 com. and $5,100,000 pref. stock. BONDS, &c.-Car trust 6s, June 30, 1894, $128,080, due in instal • ments, last maturing Nov. 7, 1895. Abstract first mo1·tgage, V. !5, p. 274. Unfunded debt June 30, 1894, $755,843. The first consolidated mortgage of 1890 has interest at 4 per cent. ~uaranteed by Canadian Pacific, whi~h Jan. 1, 1895, held the entire outstanding issue [$14,600,000) in its treasury as security for its 4 p. o. debenture stock; oonsols for $5,400,000 are reserved for prior bonds and additional amounts may be iss ued at $20,000 per mile or new lines • GENERAL FINANCES.-In 1893 the Canadian Pacific advanced $1,316,924 to D. S. S. & A. to enable it to Recure control of the Duluth & Winnipeg. In 1894 $!56, 18 7 was advanced to pay interest cllarges and $i36,213 to meet certain oar trusts, etc. EARNINGS.-For year ending Dec. 31, 1895, gt·oss, $1,811,823, a~ainst $1,671,104 in L894. In 189.:J, grosl'I, $2,072.848; u et, $555,2-1 /: otlier income, $16,065: interestoha.r~e!!, $870,167; balance, defloit,$298 ,~55. ln 1892 gross, $2,249,19-1 . t V'. 57, p. 979.) nnln t h 'l' ra nst"er.-Mileage of road in Juue.'94, ;w;as 20 mile1;1. The mortg-ag-e for $2,000,000 iR 'to the Metropolitan Trust Co. of Ne,w York, as trustee, and provides for bonds at $50,000 per mile for road·! >etween i!t~1 RAILROAD JANUARY, 1N,6.j STOCKS AND BONDS. Subscribers will confer a great f'avor by giving Immediate notice of' any error discovered In these Tables. Bends-PrinctINTEREST OR DIVIDENDS. RAILROADS. Due. Miles Date Size, or Amount Rate Per When Where Payable, and by pal,When Par Outstanding Stocks-La.st of F or explanation of column headings, &c., see notes of Bonds Value. Cent. Payable Whom. Road. Divideud. on first page of tables. ·- - - - - - - - ------ ---90 90 l>unkirk .A.llegh. Val. ti Pittsbu1·g-lst mort., aold . . c 2d and 3d mortgages ($200,000 only are 3 M.).o D1trham & Northern .Ry.-Stock, $500,000 auth ... First mor~age .................•.....••...........• ·42 E ast Broad op-1st mortgage ..................... r . 30 36 East Penn~fr,aniar-Stock 6 p.'hftu.999 yrs.Phll.&R. 36 lstM.,l_o d , guar. p.&I. byP .&Read. (end.).o" East St. oitis & Carondelet .Ry.-Stock ............. .... First mortgage .....................••......•...... c .... East Shore Terminal-1st mor1a?n, gold ........ c* .... Funded coupon scrip (1st an o nsol. mortgages) 2d M. ($300,000), g., red. at105 &int. any M.&S . East Tenn. & Weste1·n N. Oar.-First mortgage .. ... .... E 1JJ1t ti West RR.-Stook .............................. E astern Kentucky .Ry.-Stock ($1,779,500 is pref.) li1astern ( N. H.J-Stock ........••.....•.....••......•. 16 94 Mel River-Stock, 212 to 3 o., ~ar. by Wabash ... Mlqin Joliet ti Eastern-ls M. ($ 0,0006°00) gold.o* 185 & OHJ fChzabethtown Lex. ti BiteSandy-See HESAPEAKE rctmira OorUand cf Nort rn-lst pref. M., gold .. o .. 120 1st mortgage, gold .....••..••••••.• : •....••..••.•.. 120 34 lllmiratlLake Ontario-Sodus Bay &So.-lstM.-if.. o ICZ-mira ti William~o1·t-St'k, oom 5 p. o. ren'l, . C. 7512 Preferred stock, o. rental, 999 yrs., No. Cent. 7512 lstmort., convert! le into common stock at par.r 7512 lnoome bonds, 999 years to run ........•.....•• o* Rrie ti .PUts.-Stook, 7 p. o. rental,999 yrs .. PennCo. 85 81 Consol. mort. (for $4,500,000) free of State tax.o 81 Equipment bonds ....•.............•.............. c 81 General mort., $4,500,000 series A, gold, guar... --· ---- f' ---· ---· E· 0 -· ---------· ··ioo https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ------ ---· Ironton and Lake A venue, Duluth, at $20,000 for additional singlt track, at $13,200 for double track; anu for $750,000 for bonds for depot ~ounds, depot in Duluth, wharves, ft-eight houses, etc. STOCK a.uthorizedandoutstanding,$2,000,000; par $100. The Duluth & Superior Belt has been organized to extend the system to Superior, Wis. Duluth & WlnnlJ>e~.-Owns road completed in 1892 from New Duluth to Deer Rivn, Minnesota, 100 miles, and leases Superior Belt & Terminal Ry., 12 miles. In February, 1893, control was acquired by Duluth South Shore & Atlantic in interest of Canadian Pacific. V. 56, p. 24.5. STOCK-authorized-conu;non, $3·,000,000; pref., 5 p. c .. nonoum., $2,000,000. Stock outstanding June 30;' 1894, $2,806,600. On October 12, 1894, William F. Fitch, of the Duluth South Shore & Atlantic, was appointed receiver. Foreclosure sale was ordered in February, 1895; date not yet fl.xed.-(V. 60, p. 219.) BONDS.-Trustee <'f mortga~e for $7,000,000 is the Guar. Trust & Safe Deposit Co. of Philadelphia. EARNI'IGS.--In the fiscal year endin~ June 30, 1895, gross, $133,258: .net, $31,418. Charges, $112,393. Balance deficit, $80,975. In 1893-94, gross, $163,600; net, $54,035. -(V. 55, I•• 297; V. 57, p. 979; V. 59, p. 697; V. 60, v. 219.) Dunkirk Allegheny VaUe-r. & Plttsbnrg.-0wns from Dunkirk, N. Y. to Ti•usville, Pa., 91 miles. Leasedfor400 years from 1873 to N. Y. Central & Hudson River RR., but accounts are kept separate. Rental is interest on bonds and 112 per cent on stock. Capital, $1,300,· 000: par, $100. The N. Y. Central & Hudson River Co. owns $1,067,600 of the stock. In year 189-t-95 gross, $232,262; de:tlcit under operating expenses and taxes, $6,227. In 1893-94 gross, $24.3,537; defimt, $114,908. Durhalll & Northern. Ry.-Road from Henderson to Durham, N. o.. 42 ruiles. Chartered in 1887 and forms part of the" Seaboard Air Line" system. Dividends In year 1892-93 amounted to 2 p. c. EARNIN<.,s.-For year ending June 30, 1895, gross, $66,478; net, $19,220; other income, $167. Charges, $10,572; balance, surplus, $8,815. In 1893-04, gross, $53.081; net. $9,337. ast Broad Top RR. & Coal Co. (Pa.)-Owns from Mount .:J Union, Pa., to Wood vale, Pa., 31 miles, and leases branches to mines, 14 miles; total, 45 miles. A coal road opeued in 1874. The stock is $815,589 (par $50), of wnioh $247,189 is 6 p. c. preferred. EARNINGS.-Year ending June 30, 1894, gross, $62,638; net, $8,529. In 1892·93, gross, $111,676; net, $19,240. East Pennsylvanla.-Owns double track from Reading, Pa., to Allentown, Pa., 36 miles. Leased for 999 years from May 1, 1869, to tbt Philadelphia & Reading RR. at a rental of 6 per cent per annum on tbf stock and interest on the bonds. Of the stock $887,750 was deposited by the lessee under its collateral trust of 1893. tiast St l,onb & Carondelet Ry.-Road from East St. Louis to Falling Sprinl,!s and East Carondelet, 12 miles. Stock authorized, $500,000, ef which Penn. Co., owns $30~,100. EA.RNINGS.-For year ending June L30, 1894, gross, $70,965, against $110,7HS 111 1892-93; net, $20,225, against $17,627; charges paid, l~~:-f94, $18,300, against $33,452. East Shore Terllllnal.-RoA.o.-0wns terminal road in Charleston, S. C., 3 miles double track laid with 60 pound . steel. Company also owns 14 wharves, 30 warehouses, about ao acres of land, 4 cotton compresses, etc., on the city's water front, these being connected by it& own road with the other railroads entering the city. RECEIVERSHIP.-W. E. Huger was appointed receiver in January, 1896.-V. 62, p.138. SECURITIES.-Stock authorized, $5,000,000; outstanding, $1,120,000. In 1894 four first mortg'e coupons (Feb. 1894, to Sept., 1895, inclusive) and six consol. coupons (Sevt., 1893, to March, 1896, 1nclusive, were funded into 5 per oent scrip. OPERA.Tit »NS, ETc.-Net earns. for year· ending l\Iarch 31, 1895, $55,682; in 1893-94, $44,528; in 1892-93, about $65,000. (V. 62, p. 138.) East Tennel!fl!lee Virginia & Georgla.-See SOUTHERN RY. Co. East Tennessee & Western North Carolloa.-A narrow gauge road from Johnson Cit.y, Tenn., to Cranberry, N. C., 34 miles, opened in 1882. Mortgage trustee is Uuarantee Trust & Safe Deposit Co. of Philadelphia. EARNINGS.-For year ending June 30, 1895, gross, $37,773; net, $9,162; charges, $19,075; balance, deficit, $9,913. ln 1893-94, gross, $37,938; net, $6,096. Eal!lt & ,vest Kallroad.-Cartersville, Ga., to PellCity,Ala.., 117 miles; branch, 2 miles. Extension f, om Pell City to Blrmin~ha.m is projected. Formerly the East & West RR. of Alabama, sold m foteolosure May 29, 1893. ( V. 56, p. 923.) The present company was incorporated under laws of Alabama Jan. 11, 1894. No bonds issued. Pre..iident, Eugene Kelly, New York. In year ending June 30, 1895, gross, $78,196; net, $83ll; other income, $5,153; charges, $8,138: bala.uce deficit, $2,146. In 1893-94, gross, $86,1J04; net, $3,524. (V. 55, p. 938; ..V. 56, p. 463, 923.\ Eafiltern Kentucky Ry .-Road fro~ Rivertpn,· to Webbville, Ky., 36 miles. - Chartered in 1866~81'1ld opened'·throngh-in ~l889. Stock is common $1,697,800; prererred $1,779,500. There are n0 bonds. Bills and accounts payable June 30, 1 ◄ 94, ,i56,148. Earnings for _v ear endIn~ June 30, 18!14, gross. $40,936, against $56,871 iu 1892·93; net, $3.929, against $7,506; charges, 1893-94, $6,791. E ---- - 7 g. J. & D. N. Y., N. Y. Cent.& Hud. 1870 $1,000 ._$2,000,000 900,000 1872 1,000 7 A. & 0. do do 290,100 See text. 100 ...... ··M:·&:N. 150,000 isss 6 500,000 4 1873 J. & J. Jan., '85, int'st last pd. 1:000 1,730,450 50 6 J. & J. Phil., Phil. & Read. RR. 495,000 1,000 4 g. M.& 8. do do issA 420,-000 ........... 100 A:·&· ·o. is12 1,000 200,000 7 see.text: 1,000 1,000,000 5 g. F. & A . 1890 166,480 Text. 1894 Text. ··s·g. 1892 277,000 M.& s. 1,000 See text. 250,000 M.&N. Phila. Gu. T. & S. D . Co. 1871 6 1,500,000 ...... .. ----······ 3,447,300 .... 100 100 738,750 3 per.an. J. ··&·n. Boston, by Treasurer. -... 3,000,000 100 Text. A. & 0. Boston, by Treasurer. 5 g. M.&N. N. Y., J.P.Morgan&Co. isii1 1,000 6,633,000 o. 6 g. A. & 0. N. Y., 192 Broadway. 1884 1,000 750,000 1,250,000 5 g. A. & 0. 1884 1,000 1,000 500,000 5 g. J. & J. N. Y., Nat. Bank Com. 1884 500,000 5 per an. M.&N. Phila., Penn. RR. Co. 50 500,000 7 per an. J. & J, do do 50 isao 1,000 1,000,000 J. & J. do do 6 500 570,000 A.. & o. do do 1863 5 1,998,400 Q.-M. 50 7 per an. N. Y.AJ1nion ~ t Co. -·-· 1,000 2,109,000 J. & J. 1868 7 1,000 A. & o. 511,000 do 1870 7 do 1,000 775,000 do 1890 & J. do 4 g. lJ. June 1, 1900 Oct. 1, 1900 Nov::·i928 July 1, 1903 Jan., 1896 Moh. 1, 1958 oct:·1:·i897 Aug. 1, 1916 Moh: 1,..i902 Nov. 1, 1905 . ....... a:. Dec: 1 is95Oct. 5, 1895May 1, 1941 Apr. 1, 1914 Apr. 1, 1914 July 1, 1924 Nov., 1895 Jan., 1896 Jan. 1, 1910 Oot. 1, 286~ Dec., 1895 July 1, 1898 Oot. 1, 1900 July 1, 1940 Ea11tern (N. H.)-Owns from Portsmouth, N. H., to Seabrook (Massachusetts State Line) 16 miles. Leased to the Eastern RR. (now oonsolidated with Boston & Maine) from October 1, 1878, for 60 years a.nd 2 months at $22,500 per year. In June, 1891, a stock dividend of 50 per cent was paid. Dividends since increase, 3 per cent per annum. Eel Rlver.-0wns from Logansport, Ind., to Butler, Ind., 94 miles. Foreclosed July 6, 1877. Leased for 99 years, April 1, 1887, renewabl& forever, to Wabash, -at 2 per cent yearly on the stock till April, 1892,. ·hen 219 till 1895 and 3 per cent thereafter. "The April, 1895, dividend was 114 p. c.; Oct., 1895, 114 p. c. In June, 1894, W. O. Johnson wa'!,·appointed receiver.-(V. 58, p. 716, 1110.i El~I n .Jo Uet & Eastern.-( See Map)-Owns from Waukegan ID... on LakF '1iohigan, via Spaulding and Joliet, to Porter, Ind., l30 miles, and branches N ormantown to Aurora, 8 mileR-Walker to Cost.er, lli.-32 miles: spurs to coal mines, etc., 15 mile!!; total owned, 185 miles; trackage (L. N.A. & Chicago, 912; ()hica!{o & West Indiana, 4·8; Belt Ry. of Chicago, 2), 16 miles; side tracks owned, 64 miles. An outer uelt line a.tfording facilities at Chicago for transfer of rreight from one line to another without breaking bulk. Also reaches coal, fields. In 1894 trackage to navif{able water of Lake Michigan was secured by 99-year contracts with L. N. A. & Chicago from u .ver, Ind., to lliinois State line (near Hammond), 10 miles, and with Chicago & W. Ind.; from there to South Chicago, 5 miles, where the company has. purchased extensive terminal property on Calumet River, including 1,255 feet of water front. The Soutll. Chicago extension was opened Oct. 27, 1894. 8TOCK.-Stock, $6,000,000; par, $100. BONDS, ETC.-First mortgage (trustees Central Trust Co. and J. M~ Butler) is for $10,000,000; the balance unissued oan be disposed of for extensions, betterments, etc. Eqnip. notes June 30, 1895, $l08,583. Loans and bills payable, $198,750. EARNINGS.-!'> months, { 1895 ......•. gross, $51 5,317; net, $179,005 July 1 to Nov. 30. 5 1894 .. ... ... gross, 457,456; net, 138,734 A.NNuAL REPORT.-Fiscal year ends June 30. Report for 1894-95. was given in V. 61, p. 923. The property has bePn fully maintained during the year, $122,677 having been spent for "maintenance or way" against $99,310 . in 1893-94, and $100,960 for "maintenance of equipment" against $109,266. Yem· end. June 30. 189-1-95. 1893-~4. 1892-93. 1891-92. Tons carried 1 mile.126,824,946 137,983,578 126,824,946 101,572,866 Av. rate p. ton perm. $0·068 $0·0072 $0 ·0068 $0·0076Gross earnin~s . ..... $1,080,686 $1,020,326 $920,032 $815,134. Expenses ana taxes . 730,7/)2 699,865 677,674 547,932 -------$320,461 --- ---------$242,358 $267,202: Net earnin~s..... $3<19,934 Interest and rentals. 335,419 Miscellaneous ...... ·--~0~8 303,950 17,299 289,084 278,900______ ,.,,_ __ Balance .......... def.$29,513 def.$788 def.$46, 726 def.$11,698 Presideut, Samuel Spencer, N. Y. <V. 59, p. 191, 4'71, 4'7 6); V. 61,. p. 923. Elrnlra Cortland & N orthern.-Owns Elmira, N. Y., to Cauastota, N. Y., 119 m., and leases during cocyorate existence, Canastota Northern, Canastota to Camden. N. Y., 21 m. Stock $2,000,000; par, $100. EARNINGS.-For 3 months ending Sept. 30, 1895, surplus overcharges was $11,985, against $25,116 in 1894. In year ending June 30, 1895, gross, $432,718; net, $124,679; otherincome, $1,859; rentals, $18,000; interest, $107,500; balance, surplus for year, $1,038. In 1893-94, gross, $365,026; net, $93,50i. (V. 57; p. 595; V. 59, p. 4:l2; V. 61, p. 794,) Elllllra & Lake Ontarlo.-0wns from Canandaigua, N . Y., to. Chemung Junction, 64 miles ; Sodus Point to Stanley, 34 miles; other 2, -total, 100 miles. A consolidation in December, 1886, of the Sodus Jsay & Southern and other railroads. Leased at cost of operating to theNorthern Central, which owns all the $1,500,000 stock. Lease ma.y be terminated on thirty days' notice. In year ending Dec. 31, 1894,. gross earnings, $540,221; deficit under operating expenses and taxes,. ,t;33, 729; interest, $25,000: other charges, $16,884. In 1893 gross .. $668,385 ; net earnings, $36,681. · Elmira & Wllllamsport.-0wns from Williamsport, Pa., to. Elmira, N. Y., 7512 miles. Leased to the Northern Central Raitway for 999 years from May 1, 1863, at a rental of $151,500 per annllill after January 1, 1880. '£he dividends on the common stock are 5 per cent and on the preferred 7 per cent, less taxes, making dividend on common 4·56 per cent and on preferred 6·38 per cent. Gross earn1ngs. tn 1894, $818,431; net, $159,6n; rental, $168,757. In 1893 gross,. $1,065,llt:i; net, $315,882. Erle & Plttsburg.-Owns New Castle, Pa., to Girard, Pa..,-81.miles;. branch, to Erie Doo&s, 3 miles; trackage, to Erie, 17 miles; tolial operated, .101 ·miles. Leased to the Pennsylvania Railroad for 999 years frQm·1•l\farch 1, 1870, at a rental of 7 jer cent on stook and interest on;t:ti.e uonds, and the lease transferre to the Pennsylvania Company. · Under the general mortga~e sulfioieut bonds a.re reserved ...._ to retire prior bonds wheu due. The lease has been quite unprofl.table to the lessees, the deficiency being in 1889. $290,734; in 1890. $267,705; , in 18!ll, $201,724; in 1892, $206,430; in 1893, $188,216; in 1894., $86,212. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~ = >--1 z < t:_zj en ~ ~ ,...,.; 'X ~ ""O ~ r t:_zj ~ t:_zj z ~ MAP OF THE RAILROAD 1 ~ 1-s !""' JANUARY, 1896,] RAILROAD STOCKS AND BONDS. Bonds--Prinei TNTEREST OR DIVIDENDS. RA.ILROADR. - - - - - - - - - - - - - - - - - 1 pal,when Du - -- - - - - - -- - - - - -- - - -- -1 Miles Date Size, or Amount Par Outstanding Rate Per When Where Payable, a nd by Stoek_s-Last. or For explanation oC column hfladings, &c., see not ·s or Dlv1dend. Whom. Cent. Payable Road. Bonds Value. on first p-t.ge of tables. 100 100,000,000 Erie Railroad Company-Common stock .. _....... . 100 30,000,000 1st pref. stock, 4 per cent, non cumulative ..... . 100 16,000,000 2d pref. stock, 4 per cent, non cumulative.····-A.-Old B onds ASSUMED. M. & N. N. Y., 21 Cortlandt St. May 1, 189'i 7 2,482,000 1,000 N. Y. & E. 1st M.,Piermontto Dunkirk,N. Y.,ext.c" 446 1847 Sept. 1, 1919' do do 5 g ~ M. & 8. 2,149,000 1,000 2d mortgage, (extended in 1879) gold ........ c* 446 1879 Moh. 1, 1923' do do 4¼g. M. & 8. 4,617,000 1 ,000 3dmortgage, (extendedin1883) gold·--· ·--·c* 446 1853 Oct. 1, 1920 do do 5 g. A. & O. 2,926,000 1,000 4th mortgage, (extended in 1880) gold_ ·-····c* 465 1857 June 1, 1928:do do 4 g. J. & D. 709,500 5th mortgage (extended in 1888), gold .... _.. o* 465 1858 500 &c. July 1, 1921 do do 4 g. J. & J. 182,600 60 1861 100 &o. Erie R'y,lstM.,Butl'. Br., Hornellsv. toAttica,g.o* Sept. 1, 1920> do do 7 g. M. & s. 1,000 16,891,000 1st conso1. mort., $30,000,000, gold,$ & £ ... o" 526 1870 Seot. l, 1920> · ·- · ·· ···· 7 g. M. & 8 . 3,705,977 N. Y. L. E. &West. funded coupon bonds, gold.o• 526 1878 500 &c. 6 g. J. & J . N. Y., First N'at'l Bank. July 1, 1908 1,500,000 67 1877 50 &c. Buffalo & Southwestern, 1st mortgage, gold ... c* Oct. 1, 1897" A. & 0. 7 140,000 15 18 77 Lockport&Buffalo, 1st mortgage .. -··-···--···· .T. & .T. N. Y., 21 Cortlandt Rt. .Tan. l, 1929 5 250,000 1,000 t2 1868 Newburg & N. Y. 1st mort., extended in 1889 . . c* B-Bond s ON PROPERTIES CONTROLLED BY 0WNE R~RIP OF EN'TI RE(*) OR AM AJORrTY (t) OFCA PITAL STOCK, OR BY /,J) LEA.SE. A. & O. N. Y., 21 Cortlandt St. Apr. 1, 1911. 6 200,000 10 18 H *Bergen County Railroad, 1st mortgage. .. __ ..... Nov. 1, 191 5, do do 5 g. J. & J. 400.000 *BlossburgCoalCo.,lstmortgage,gold... __ ..... .. . . 1878 June 1, 1916-' do do J. & D. 7 2,380,000 l.OOU tButl'. N. Y. & Erie, !Rt M. (Buffa,10 to Corning.c* 1 4 2 187~ May 1, 1982 do do 5 g. M. & N. 1,000 12,000,000 *Ch.& Erie lstM.,g. (Marion,u .. to Hamm'd,Ind.c* 249 1890 5 g. J. & .T. N.Y.,J. P. Morgan & Co. July 1, 1918300,000 Chicago & Atlantic Terminal, 1st mort., gold. . . . .. 1888 A. & 0. Elmira,ChemungCo.Bk Oct. 1. 1905 7 160,000 7 1875 500 &c. tElmira State Line Railroad, 1st mortgage...... 1928·29 . . . . . ....• Various 6 246,500 ...•• ,J'Gosh. & Deck't'n, 1st & 2d M's.,($60,000 are 2d) . ... '88·'89 300,000 412 & 6 J. & J. Phtla., Fidelity Tr. Co. Jan. 1, 1927" i,ooo 8 1867 *Jeffers'n,lst&2dM's.,ex.in'87&'89(H'daleBr.)c 5 g. A. & 0 . N. Y., 21 Cortlandt At. Jan. 1, 1909> 2,800,000 1,000 37 1889 1st mort., Carbondale to S. depot, gold ....... c* 6 g. A. & 0. N.Y.,J. P. Morgan& Co. Oct. 1. 1935-7,500,000 1,000 1885 "Long Dock Co.cons.M.,g.(now l si M.l(seetext)c• 1926•27 Various N. Y., 21 Cortlandt St. 5 170,500 '66-'67 'ITMont. & Erie, 1st & 2d morts. ($40,500 are 2ds) Ma.y 1, 1922' do do g. M. & N. 6 1,100,000 i:ooo 1882 ck ..... gold ~N. Y. L. E. & W. C. & RR. 1st mort., ,Tnly 1, 1'91 ~ do no .T. & J. R 3,396,000 * N. Y. L.E.& W.D.& I. Co. 1st M., see V. 56, p.82.c* . . . . 1883 1,000 4¼g. M. & S. N.Y., Farm. L. & Tr. Co. Mar. 1, 1935,. 8,000,000 .. N. Y. Pa. & Ohio, prior lien M., gold,$ & £ .... c* 431 1880 500, &c. Do. Leased lines-see separate statements for Clev. &Mah. Valley RR., Sharon Ry. and New Oas tle & Shen. Valley. J. & J. N. Y., 21 Cortlandt St. July 1. 1900 7 96~.ooo 1,000 23 1870 tSuspen. Bridge & Erie Juno .• 1 st M.,gu. by Erie 1896-1905-'15,. 629,500 5 & 7 Various. '52-'75 tTioga Railroad bonds. (See that company)..... C- Srle RAILROAD COMPANY NEW BONDS.~ July 1, 190~ New 2d mort. on Buff!Llo & Southwest'n, gold.c* New York City. 1,000 67 1895 1,000,000 5 g. J. & J . New 1st consol. M. for $175,000,000 securinl! :4 g. J. & J. New York & London. Jan. 1, 1996', Prior lien bonds, $35,000,000, gold ........ c*&r 1895 500 &c. 15,000,000 3-4 g. J. & J. 1st coup. due Jan. 1, '97 Jan. 1, 199 General lien bonds, $140,000,000, gold .... c*&r 1895 500 &c. 30,912,000 D-Car T rust!, ETC. 1896-1905 Erie car trusts, ser. .H. to G. incl., part pd. ann.o* ..... . Various N. Y., 21 Cortlandt St. 3,040,000 1,000 1896·1899 do do New car and engine trusts······················-· <~ J ...&.. J. 1,984,377 i:ooo $63,000 Jan. do do N. "l. Car trust, 1888, ser. A. (guar. oy D. & H.) .. 190~ & 1910 London. N .Y. Pa. & Ohio eq. trusts, snk. fd. 31,, dr'n at 100 5 g. Variou11 '88-'90 £100 £399,051 isss l t Erle K allroad.-See Map on ad,joinintJ page.-Embraces trunk tiring at or before maturity all underlyln~ bonds and bonds or lea.sell line from Jersey City, opposite New York City, to Chicago, [11., 986 and subsidiary companies, and practically all the guaranteed stocks. miles, and branches 1,030 miles; total, 2,016 miles; second track, GlO A summary of all such undisturbed secnrities is ~iven in the tables miles; sidina;s, 1,101 miles; total of all track, 3,727 miles. The total next following. To take up the rollowrng bonds and car trusts, generof 2,016 miles comprises: al lien bonds for $84,000,000 are held in escrow: Miles. Old Erie bondst . .••.. . $33,663,000 N.Castle & Shen.Val. ,r $2:,0,001> L eased lines. Miles. Lines owned infee. 16~,000Sharon RH..,-J . .••. ..• . . Piermont, N. Y., to Dunkirk .... 447 Montgomery & Erie ............. ,r10 Other old bonds.as per Erie car trusts due Old Buffalo & 8. W. road ...• . .•. 66 Goshen & Deckertown .......... ,n2 table at top of pa.~e. arter Nov. 1, 1898 .. 2,142,000,· Other branches ......... . ....... 112 Roch. & Genesee Valley ....... ,,r18 excl. of Buff. & 8.W. To be aequired at foreclosure. Stoelc all * or near·ly all t owned. 2d mort~age .... . ... 42,427,200 N. Y. Pa. & Ohio car ->Chicago & Erie ......•........ ,T249 N. Y. Penna. &Ohio .... . •• .. 1]430 Buff.BL·ad.&Pitts. lRt* trusts.·-··········•·· 1,950,000 395,000 ,!81 ...... &MahoningVal. Cleve. ~140 +Buffalo N. Y. &Erie .....•.... Clev.& Mah. Val. 5s . . 3,000,000 N e w Castle & Shen. Val.. .. .. '1117 Middlet'n & Craw. 4½1s •Jefferson RR .................. ,r45 Total ··--·•····•• ··$84,000,000 8,800 Sharon Railw~y . .... ....... ... 'lf15 tTioga RR.................. .... fi46 * Due a.nd retired Jan. 1 , 1896, bu t See table at head of page. 56 Oto.er lines. . ................ Other lines ............ . ......... 252 new,bonds not yet issued. Trac age Ch. & w .. st Indiana. 20 ,r See sep.ar.ate statement for this leased company. All lines in system ........... 2,016 ,r See this company. To purcha11e the following stocks not owned by the company, th&· HISTORY.-·The Erie Railroad Companv wa~ organized in November, .1895, and on Dec. 1. 1895, succeeded to tne propert.v or the old New remaining $8,063,000 of bonds were reserved: Amount. Stock. A.mount. Stnclc. York Lake Erie & Western RR. Company, sold in foreclosure on Nov. $150,000,. 6 under its second consolidated mortgage. On completion of the re- Buff. N. Y. & Erie 7 p.c. $70,000 M'lnt. & Erie........ . . 145,750> 96,:,00 N. Castle & Shen. Val. organization now in progress the new company will hold in tee or Buff. Brad. & Pitts... .. 405.800~ through ownership of all or practic<tlly all the stock or the independ- Clev.& Mah. Val.1214%. 3,000,0flO Roch. & Gen. Valley .. 453,35(). 29,200 Slrn,ron ...•. . -· . ..... .• . ent companies, the line from New York to Chica.go (including the old Elmira State Line . ... .. 8 10 96,190 Rns. B. & Erie June ... N. Y. P . & 0. and Chicago & Erie companiPS) a.n·1 also all b1·a.nch and Goshen & Deckertown. 300· 600 Tioga ..... ·-·········.. subsidiary lines except a. few small properties ttggregating about 300 Jefferson R&. . ... ..•. ... 42,200 miles held under lease. The reorganization)plan or August, 1895, was Mid. & Crawford....... See full particulars a~ to terms or ex:chan~e in the mortgage, v. 62,.. given at length in V. 61, p. 368. The assessments on the stock 01' the p. 86. Holders or old stocks cannot re:1uire exchange. old N. Y. L. ~- & W. ana the N. Y. P. & 0. aggregated $10,765,688. FIXED CFIA.RGES.-" The fixed char11;es or the Erie '3ystem (calculate(}• COAL AND STEAMBOAT PROPERTY.-The Erie coal properties represent an aggregate or 10,500 acres or anthracite, or which about . on all bonds which will be out;itandiug on completion of the reorgan9,000 acre8 are held in fee; also 53,000 acres of bituminous coal ization) a.re reduced 1'rom $9,400,000 to $7,860,000 per annum (inlands held in fee 14,000 acres of bituminous held under mineral eluding prior lien bonds $L,176,000; undisturbed bonds and stock d r the fl. st two ye1,rs b d $1 184 000) 11· rights. 0:1' <•oal its coal tonnage in the year 1893-94 aggregated $" 500 000 r an or • ; genera ien on 8 • • • • ·•· 9,110.258 out or the 15,245,270 tons hauled. The Union Steamboat Company has its terminal and other properties in Butl'alo, and a fleet after reorganization a. further reduction or about $300,000 ~er annu is made to an amount nearly equaled by the net earnings o the propof five lake steamers. erty in 1893-94. Furthermore in the new fixed charge fs included th STOCK.-The stock is to be held by J. Pierpont Morgan, Louis Fitz• interest on a large sum of money iutended to be spent immediately-gerald and Charles Tennant, Bart., voting trustees, :!'or tlve years, and after reorganization in improving and adding to the property. Thi thereafter until the new first preferred stock shall have received 4 per should enable the company to enlarge its business and it _is ttlought:-, cent cash dividend in one year. The voting trustees In the meanwhile transact it with greater economy." A description or the Long Doek 6s was in March, 1894, SUPPLEMENT~ deliver certificates of beneficial interest as usual. The new company For N.Y. Lalce Erie d: w. 0(!,f},l d: RR .• see SUPPLE!IIENT January, 1895•. reserves the right to redeem at any time either or both classes of its preferred stock at par in cash. GENERAL FINANCES.-The reorganization provided a fund or BoNDS.-The new first consolidated mortgage is for $175,000,000 $25,015,600 to be used a.~ follows: To pay floating debt, $11,500,000;: [Farmers' Loan & Trust Co. trustee]-see abstract of deecl V. 62, p. 86 to vay collateral trust ' bonds, $3;678,000; . to pay· prior lien bond~ and secures $35,000,000 prior lien bonds and $140,000,000 generallien $2,500,000; early construction requirements (system) a,nd expenses .. bonds. or the ,is3'l,000,000 prio1· lien bonds, $l4,400,000 are to be part $5,337,288, car trusts tor three years, $2,000,000. The old company-· or the pur<·ha;;\e price of the N. Y. P. & O. Railroad; $15,000,000 were was greatly hindered in the development or its business by la.ck of'" sold to a syndicate to pay off the old collateral trust bonds, the first capital, but this is remedied by the bond issues allowed under the new lien bonds, etc.: $5,000,000 are to be used for improvements; $600,000 mortgage. On Sept. 1, 1892, the Lehigh Valley opened its own line t oButl'alo, causing a loss of net revenue to the Erie from trackage, etc. :!'or contin~encies, etc. Of the $140,000,000 general lien bonds, $92,063,000 are reserved for This must be ta.lren into account in using the figures below given forthe ultimate acquisition or all bonds and guaranteed stocks now left the years preceding 1893. undisturbed on various parts of the system [excepting the $1.000,000 EARNINGS.-10 months, 51894-95 .gross, $21,423,713; net, $5,737,717 seconds on BuJf'alo & Southwestern-see list V. 62, p. 891, and i 1893-94.gross, 21,273,126; net, 6,012,932 Oct. l to July 31. $17,UOO,OOO are reserved for new construction, betterments, additions, ANNUAL REPORT.-The earnin~s from 1891 to 1894 inclusive, elimietc., after 1897, under carefully guarded restrictions, not over worthless items, have been a.pproxima.telyand entries cross all nating $1,000,000 to be used in any one year. The general lien bonds hear interest from July 1, 1896, first coupon to mature January 1. 1897, at as follows: · 3 per cent per annum for two years and 4 per cent thereafter. Year endiug- Sept. 30,'9!. Sept. 30,'93. .'lept. 30,'92. Sept. 30,'91~ The position of the first con<~olidated mortgage is 1mbstantially Earnings ..... . . . $28,813,513 $34,194,854 $35,239,693 $33,877,955,23,837,754 25,556,821 as follows: It is a first lien, either by mortgage or collateral trust Expenses ........ 21,430,399 23,899,233 [the prior lien bonds, however, preceding the general lien bonds] upon the company's principal coal proverties, upon its water t,ransportaTotal ........ $7,383,114 $10,295,621 $9,682,872 $10,040,200, tion lines, including valuable termmal properties appurtenant thereto, Income from oth. and upon a. number of ;profitable local lines in New Jersey and near . sources ........ 16,886 Dr.245,621 Dr.232,872 Dr.190,200,.. Buffalo; it is a second lien upon the remaining coal properties and upon the railroads leading to all the coal properties, upon the terNet . ..•...... $7,4UO,OOO $10,050,000 $9,450,000 $9,850,000, minals at Jersey City, upon the Buffalo New York & Erie Railroad OFFCCERS-President, E. B. Thomas; Third Vice·President, Andrew (the main line to Butl'alo) and the Buffalo terminal pro~erties other than those upon which jt is first lien, and upon the entire hne from Sal- Donaldson; Fourth Vice-President, G. G. Cochran; Secretary, J. A.. amanca to Chicago; it is a second consolidated mortga(Je upon th~ lines Middleton; Treasurer, Edward White. of the originitl Erie Ry. between Piermont and Dunkirk (-146 miles.) DIRECTORS.-l'emple Bowdoin, C. H. Coster, J. H. Emanuel' Jr., A. Old Bonds-Un ler tb.e tlrs t consol. mortgage of 1895 the company H. Gillard, A. B. Hopper, Tb.omas W. Joyce, Walter 8. Kenneys, J. P covenants to pay the interest regularly on all the old bonds in the Morgan. Jr., Francis Lynde Stet~on, Mortimer F. Smith, W. 8. Towns-• the table that a.re marked with a* or at and to take them up and end, J. H. Tierney and E. B. Thomas. pledge them with the trustee at maturity. -(V. 60, p. 177, 302, 349, 432, 562, 657, 712, 795, 874, 968, 1105;;. UNDISTURBED STOCK AND BONDS.-As said above, $92,063,000 of V.61,p.240.282,325.3t8,366,3ff8.420,47~,517,5~9.703,750,8ll the new general lien bonds were reserved for the sole purpose of re- 871, 924, 925, 963, 1013, 1064, 1107; V. 62, p. 39, 84, 85, 86.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I I ----- ------ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CNVESTORS' SUPPLEMENT 0 [VeL, LXll. N MAP OF THE ELGIN, JOLIET AND EASTERN RAILWAY CHICAGO OUTER BELT LINE CONNECTING ALL RAILROADS CENTERING AT CHICAGO. ~ NEWT 0 Fair Oak E ' JANUARY, 1896.J RAlLRUAD STOUK~ AND BONDS Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables. Bond8-Pr1no1INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rate yer When Where Payable, and by pal,When Par Outstanding of Stocks-La.st For explanation of column headings, &o., see notes of Bonds Value. Road. Cen . Payable Whom. on first page of tables. Dividend. ~?trelca Springs-1:st mort~.a,ge, .g-0ld ...•...•..•.•.• o 2d mortgag-,, income bon s, non-cum ..... - _......• Eoansvitle rt Indianapolis-T. H. & Southe.lst M.c* Evansville & Indianapolis 1st mort.. gold,~ar.. c* Con.M.($2,500.000lg.,gu.p.&i.(end.)Ev. T.H.c• EtJansv. rt Richm'd-West'n Div. 1st mort., gold.c* lstge?J-, M,,$12,500 p.m.,g.,~ay.p. &i. (end.) .. c· St,an.witle rt Terre Haute-Stoc ($4,000,000) ....... Pref. stock, non-cumulative. See text ...•....... Consolidated mortgage (now 1st lien), gold ..••.. 1st oonsolldated mortg~e, gold ..............•. o* Mt. Vernon Branch mo iza~e, gold ...........•. o* Sullivan County Coal branc mortgage, ~old .. c* tst l{eneral mortgage for $7,000,000, go d ..... o* EtJanlJ'IJitle Terre B. rt Ohic.-lst M., g., int. 'Hiar .. o* 2d mortgage, gold, int. guar. by Ch. & E. . •.. o* lnoorues ... .. .. ....•...... ... .................. ..... Fairmont JJforganst'n & Pittsburg.-M., $3,000,000. Fall Brnok-Cor. Cow. & Antrim deb., red. at 100.c" FarmtJiUe & Powhata'Yl!-lst mort. tor $550,000 ..•. Second moriage for $500,000, incomes .......•... Fi,ndlw11 Fo1·t ayne & W. Railway-1st M. gold . . c* 2d mortga~e, income, non-cum., gold ............ r F£tchbnrg-uommon stock .........••...........•.... Pref. 4 1 er cent stock, non-cum ..........• _....•... Bonds .............................................. o Bonds,$500,000 yr'ly ,'99to 1903 incl., bal.1908.o* Bonds ...........................•................... Bontts to State of Mass. (312 p. c. int. till Feb., '97) Bonds ...... .. .... ... ............................ c&r BonrlR .... ....... ........... : ....................••. Bonds ($1,500,000 due 1907, interest A. & 0) .... Bonds ......•...................................... c 19 ·40 55 135 80 112 .... ---1883 1883 1879 1884 1886 1888 1891 .... $500,000 6 g. F. & A. N. Y., Mercantile Tr. Co. 500,000 6 Feb'yl. '92-3 pd. 3%; '93-4 none. 251,000 M.& 8. N. Y., Farm. L. & Tr. Co. 7 653,000 6 g. J. & J. do do 1,596,000 6 g. J. & J. do do 90,000 5 g. M. & 8. Sep.,'93,coup. last paid. See text. 5 g. M. & 8. Sep.,'93,coup. last paid. 3,996,683 See text. See text N. Y., Farm. L. & Tr. Co. 1,284,000 5 A.. & o. 6 g. J. & J. N. Y., Farm. L. & T. Co. 30,000 3,000,000 6 g. J. & J. do do 1,000 6 g. A. & 0. 375,000 do do 1,000 450,000 5 g. A. & 0. do do 1,000 2,0»6,000 5 g. A.. & 0. do do 1,000 775,000 6 g. M.&N. N. Y., Farm. L. & Tr. Co. 1,000 325,000 6 g. .r. & J. do do 150,000 6 M.&N. do do --·--· 3,000,000 412 M:·&-·N. Phila.,·Fidellty Trust. 350,000 500 &c. 6 . ...... 320,000 6 M.& N. 500,000 F. & A. 6 ···----··· 1,115,000 5 g. J. & J. ·······--· 1,000 Sept, 1. 800,000 5 . ......... 100 7,000,000 ..&.. 100 17,360,000 see.ieit. J . J. Boston, Office. 1,000 500,000 6 A. & 0. do do 1,000 4,500,000 Various do 5 do· 750,000 M.& s. do do 5 5,000,000 31.g to 4F. & A. do do 2,250,000 4¼ M. & do do J. & D. 1,000 500,000 5 do do 2,500,000 4 Various 1,000 do do do 1,000 500,000 4 J . & D. do $1,000 500 1,000 1,000 1,000 1,000 1,000 50 50 its isso i:ooo 144 1881 25 1883 30 199 49 49 .... ..... .... .... ---· .... ..... ..... 1890 1892 1870 1872 1881 1893 1883 1888 1889 1894 1894 .... ---...... 1877 .... '79-'88 .... 1889 .... 1887 .... 1887 .... 1890 .... '84-'87 .... 1890 ------ i:ooo E11rek.a Sprln~s.-Sellgman, Mo., to Eureka Springs, Ark., lij19 milt1,.., Stock, $500,000; par, $100. Current liabilities June 30, 1894, $7,240. In year ending June 30, 1895, gro!'ls, $69,520; net, $37,815; chargeR, $3L ,151; balance, surplus, $5,664. In year 1893-94 gross, $70,149; net, $40,801. Hvan-Jvllle & lndlanapolls.-Owns Evansville to Terre Haute, Ind. (via Worthington), 138 miles; branch 6 m.; leases branch, 12 m. HcsTORY, ETC. -A consolidation in October, 1885, or the Evan ville & Indianapolis, the Evansville Washington & Brazil and the Terre Haute & Southeastern RRs. Of the consols $904,000 are reserved to meet prior liens. The consols. and ttie bonds of 1924 are guaranteed by Evansv. & Terre Haute, which owns entire capital stock, $2,000,000. LATl!:ST EARNINGS.-From Jan. 1 to Dec. 31, 1895 (12 months), in-oss, $2tl8,326, against $285,815 in 1894. In year ending June 30, 1895, groR,.., $293,217; net., $92,429; other income, $362; charges and taxes, $11<5,830; ba1ance, ue:ficit, $93,039. In year 1893·94 gross, $310,880; net. $102,535. Ev ,u1o1vllle & Rlchmoud.-Owns Elnora to Westport, Ind., 102 mile:-1, aurl coal spurs 10 miles. Projeuted to Richmond, 65 miles. RECIUVERSHIP.-On Feb. 28, 1894, receiver was appointed, and intere;,t due Mar. 1 was not paid. H. C. Barlow was made receiver on June I, 1895, in pursuance or the E. & T. H. reorganization plan. R~Al>JU8TltENT OF SECURITIES.-In Decemher, 1894, the Evansville & T. H. offered E. & R. general mortgage bondholders in lieu of their bouds 85 IJ. c. of the face of their 1.Jonds in E. & T. H. 5 o. o. noncumtLlati ve and non·voting preferred stock and $06.66 in such· stock f<Tl' tnter est accrued to Jan. 1, 1895. V. 60, p. 43: V. 59, p. 116. No new bonds can be created on the E. & R. road except with the consent of this pt·et'erred stoclr unless said stock is retired or made exchangeable for such bond1:1. (V. 60, p. 349.) Holders of $1,233,000 of the bonds accepted the plan. (See V. 60, p. 1058. EARNlNOR.-From Jan. 1 to Dec. 31, 1895 (12 mos.), gross $110,772, agaiust ,$103,758 in 1894. For year ending June 30, IR95, gros,., $102,920; net, $20,704; other income, $249; chargeR, $86,322; bal• ance, deficit. $65,369. In 1893-94, net, $22,689. (V. 59, p. 116, 182, 4n, 1058, 1141; v. 60, p. 43,131,349,606,967, 1058.) l'~v;t u .. vllle & Terre Hante.-The system includes: Road owned and operated. Miles. Oontrolled--op. separately. ..filvausville to ·.rerre Haute.. Brauehes to Mt. Vernon, etc. Evausville t1elt (stock held). Miles. 109 Evansville & [ndianapo1is,1 53 Evansville to Terre Haute 5 via Worthington, etc.. . .... 156 Leased to other co.'s RookTotal in earnings........... 167 ville extension............. 23 Evansville & Richmond,r.... 112 ORGAN[ZATION, ETC.--FormerlyEvansville & tJrawrordsville RR. Has close traffic contract with Chicago & Eastern Illinois tor route to Chicago. 8TOCK.-Cn November, 1893, stock was increased from $3,000,000 to $4,000,000, and "scrip dividend" equal to one-thiru of their holdings was offered to stockholders, such scrio to be convertible into new stock on payment of $20 per share (par, $50). In May, 1895, authorized increase of stock by issue of $1,284,000 (par $50) of preferred non• cumulative 5 per cent non•voting stock to be used in exchange for Evansv. & Richmond bonds. Drvrni,;Nos since 1880.-Cn 1881, 412 per cent; in 1884, 5; in 1885, 3; in 1886, 4; from 1887 to 1890, inclusive. 5 per cent per annum; In 1891, 7; In 1892, 7 pel' cent c-1.sh and 5 per cent in general mortgage bonds; in 1893, 719 p. o. cash, see also "stock" above. None slnce. BONDS, GUARANTIES, ETC.-The Evansville & Terre Haute endorsed Peoria Decatur & E. notes for $325,000. Certain Evansville & Indianapolis bonds are also guaranteed. There were car trL1st notes December, 1895, for $158,~04. '.rhe Ev. & T. Haute ~eneral mortgage covers 182 miles of road owned and $3,500,000 of stock of proprietary roads, having a mileage of 277 miles. Of the authorized issue $3,855,000 are held in trust to retire the prior bonds at maturity, the mortgage providing that the prior Uen:-1 shall be paid and not extended. A sufficient amount is also held to retire the car trust notes. GENERAL FINANCES.-An lmportant change in the directory took place in Oct., 1893, when D. J. Mackey resigned as president and director. C,tpital stock was issued to pay the floating debt-see above. In 1893 4,000 acres ot coal lands in Sullivan Countv, Ind., were b·,ught. Evansville & Richmond jit'stswere offered in D1:1c., 1894, $850 of Evansv. & T. H. preferred 5 p. c. non-cum. ,,on-votmg stock for the face • of the b••nds and $66 66 of such stock for accrued inte, est per bond to Jan. 1, 1895. In June, 1895, holders of 8712 per ce,nt of the bonos had thui;i been exchanged. In June, 1895, $149,000 general 5s were issued to "discharge obligatJons heretofore incurred.'' LATEST EARNINGS.-Jan. 1 to Dec. 31, 1895 (12 months), gross $1,107,010, against $1,048,562 in 1894. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting at Evansville third Monday in Oct. Report for 1894·95 in V. 61,p. 746. Year ending June 301895. 1894. 1893. Total miles operated ......... 167 165 165 Gross earnings .•.•••.......•.• $1,038,273 $1,159,937 $1,285,672 Net earnings............ ..... . 394,856 , 448,683 589,908 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis --------·· i:ooo 8.1 -----Feb. 1, 1933 s~r- Feb. 1, 1, 1, 1, 1, 1, 1, J y Jan. Sept. Sept. Aug. 1!}33 1909 1924 1926 1928 1931 1893 Jui:v·1,--i9to July 1, 1921 Apr. 1, 1923 Apr. 1, 1930 Apr. 1, 1942 May 1, 1900 Jan. 1, 1900 May 1, 1920 Sept. 1, 1993 May 1, 1898 May, 1922 July 25, 1923 Jan. 1,1945, Jan • 1,1945J aii.: "i5: "i896. Oct..,,l, 1897 Var.'99tiol908 Mch. 1, 1899 Feb. 1, 1937 Sept. 1, 1897 June 1, 1900 1904-5-7 June 1 1920 Yea1· ending June 300+;~er income ..... ,...........• 1895. $13,170 1894. $13,158 1893. $46,651 Total net income . ....... . Cnterest on debt, etc ......... . Dividends .......•....•........ $408,026 $328,892 $461,841 $332,415 $636,559 $~77,487 300,000 Balance, surplus.............. $79,134 $129,426 $59,072 -(V. 58, p. 382,383,430,866; V. 59. p. 116,694,697, 738, 1058; V. 60,. p. 43,131,606,835,967, 1058, 1144; V. 61, p. 146.l Evansville Terre Haute & Ohlcago.-Owns from Terre Haute J"nnotion, Ind., to Danville, Ill., 49 miles; leases to Terre Haute 6 miles and Indiana Block Coal Road, 15 miles. On A.pril 30, 1880,.leased to the Chic. & East. Ill. for 999 years; terms, $75,000 per annum and payment of all rentals and taxes. Stock, $581,370, of which $-1 , 3,700 owned by Ch. & East. Ill., which guar. int. on 1st and 2d mortgages. airmont l'for:ransto-"vn & Plttsbnl'g.-( See Map Ballimor& & Oh'io. 1 Owns from Uniontown, Pa., to Fairmont, W. Va., !'17 miles; branch, 1 mile. Controlled by B. & 0., which owns a majorityof the capital stock of $3,000,000; funded debt is $3,000,000. Current liabilities, June 30, 1894, $90,918. 'Fall Brook KaUway.-Owns from Corning, N. Y., to Antrim ,. Pa.;, 53 miles; branch to ,Ulysses, Pa., 40 miles; Fall Broo,k branch,. 7 miles; leases Syracuse Geneva & Corning Ry., Corning, N. Y ... to Geneva, N. Y., 58 miles, and branch, 6 miles; and Pine Creek Ry.,. Stokesdale Junction to Newberry June., Pa., 75 miles; total, 23!:I miles. HISTORY, ETC.-Formerly Corning Cowanesque & Antrim. Nam&changed July 1, 1892, and stock increased to $5,000,000, of which $!500,000 pref.-par, $50. See V. 55, p. 21. Dividends paid quarterly,. March 31, etc. The coal line of Phila. & Reading and New York Central is over the road of this company, which jointly with said companies guarantees the bonds of the Pine Cr. RR. Co. EARNINGS.-For three months ending Sept. 30, 1895, surplus overcharges was $148,812, against $99,855 in 1894. Cn year ending June 30, 1895, gross on 93 miles. $653,690: net. $186,321; net, inclnding-otb.ar income, $368,176; interest, $3,500; dividends (814 p. c. on .pre• ferred and 6 p. e. on common), $305,000; balat,ce, surplus, $59,97(t' In 1893-94 gross, $643,012; net, $190,906.-V. 59, p. 290; V. 61, p. 794. Farmville & Powhatan.-OwnsBermudaHundred,Va.,toFarmville, 89 miles, and branches to Ooalboro, etc., 7 miles; total 96 miles; 3-ft. gauge. Completed March 3, 1890. Stock: Common, $460,850 ;: preferred, $500,000; par, $100. Loans and bills payable July 1, 1894. $53,898. In year ending June 30, 1895, gross earnings, $60,849; net $17,573; other income, $3,253 ; charges, $28,6~0; balance, defi0it•· $7,854. In 1893-94, net, $10,631. Findlay Fort Wayne & Western Kailway.-Owns road in operation rrom Findlay, 0., to Indiana State line 60 miles, and completed to Fort Wayne, Ind., in Jan., 1895, 20 miles. total 80 miles. Uses Wabash terminals in Ft. Wayne. HrsTORY.-A. reorganization in, November, 1894, of the Findlay Ft. W. & W. RR. after foreclosure. STOCK.-Capital stock is $2,000,000; par $100. B0>1DS,-:-Theftrst mm·tgage is for $1,200,000 gold 5 p. o. bonds issuect at $15,000 per mile. The Mercantile Trust Co., N. Y., and Allen, Zollars, Ft. Wayne, Ind., are trustees of both mortgages. For 6 months .. Jan. l to June 30, 1895. gross, $33,502; deficit under operating expenses, $4,615; ch arg~s. $32,960; balance deficit for 6 months. $37,575.-(\<. 59, p. 835, v. 60, p. 656.) Fltchburg-.-Owns from Boston, Mass., to Fitchburg, Mass. 50 miles: Greenfield to Troy, N. Y. 84 miles; Vermont to Rotterdam Junction, 61 miles; Boston Barre & Gardner Railroad, Worcester to Winchendon, 36 miles; South Ashblll'Ilham, Mass., to Bellows Falls; Vt. !54 miles; branches, 93 miles; Monadnock Railroad, 16 miles; totaf owned, 3q4 miles; leases-Vermont & Mass. RR. (which see), Fitchburgto Greenfield, 56 miles; other, 8 miles; total leafled, 61 miles; tota1 June 30, 1895. 458 miles, of which 162 miles double tracked. Extension. Brookline to Milford, 7 miles, was opened Nov. 15, 18g4, ORGANIZATION.-On Oct. 1, 1890, consolidated with the Cheshire Railroad; on October 1, 1892, with the Boston Hoosao Tunnel & w .. the Troy Saratoga & Northern and the Monadnock, and on June 5, 1895,. with Brookline & Pepperell, Brookline RR. and Brookline & Milford. STOCK-The State of Massachusetts owns $5,000,000 ot the common stock. The preferred stock is entitled to 4 per cent dividends, then. common and preferred receive dividends share and share alike. In year 1892-93 the preferred stock was incr-·ased from $16,498,000 to $17,000,000, and in Oct., 1895, to $17,360,000 fot· consolidation. Se&also above. Exchange of common for preferred was under discussion. DIVIDENDS.-On preferred: [n 1887 and in l~li8, 2; 11r 1889, ail; in 1890, 2; in '91, 3-¼; in '92 and '93, each 4; '94, 3 p.c.; in '95, 4 p. c.; in, '96, Jan., 2 p.c. BONDS.-For Vermont & Mass. guaranteed securities see that company. The debenture bonds were described in CHRONICLE or Junfl 1 .. 1895. v. 60, p. 967. · GENERAL FINANCES.-On June 30, 1895. there were outstanding loans and bills pay ble amounting to ~150.000. Boston Hoosac Tunnel & We..tern debenture 5s for $1,35fl,000 paill March 1, 1895, were replaced by 20-year 4s.-See V. 59, p. 1141. F Flint ~ Pern Mrrrquette ~ 0 'Burke's Falls ..... ~ ~ tr:l if) 1-3 0 ~ ~ 00 c:i ~ ""c ~ ~ ~ !-3 ~ ~ ,,... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t"" ~ 1-4 !""'I JANUARZ, RAILROAD STOCKS AND BONDS. 1896.] 61 Subscriber• -will conCer a great favor by giving Immediate notice of any error dl8covered In these •.rablel!I. I 1 RAILROADS. _ INTEREST OR DIVIDENDS. 1Bonds-Prlno Miles Date Size, or When Doe. Amount Rate per When Where Payable, and by pal of Par Stocks-Last F or explanation of column headings, &c., see notes of Road. Bonds Value. Outstanding Cent. Payable on first page of tables. Whom. Dividend. ----- ·tchburg-(OonclttdedJ - ---· Bonds, (See text.) $54,000 are 4s ...... ........ Bonds............................................... ··-· Bonds .........•.................................... Troy & Boston 1st mort. (V. 53, 405) ........... ·35 Cheshire RR. plain bonds, $550, 00 due 1898 .. c' Brookline & Peprereil plain bonds, ~uar. (end) .. F L. ~ PereMar.-P . stk., non•C11m(for$6,500,000) .. Holly Wayne & Monroe 1st mortgage, assumed.n . 65 Flint & Pere Maritte mort age 6s of 1920, gold.c 281 Consol. M.,(for 10,000,0 0) $20,000 p. m., g.o* 395 Port Huron & N orthwestern-lst mortgage ..... o 216 F. &P. M. lstM. PortH. Div. ($3,500,000),gold.c* 235 Equipm't bonds, $40,000 due annually Nov. 1.o* -·-· 40 torence ~ Grip. Oreek-1stM., $l,OOO,OOO,gold.o~ .i'l-Orida Oentrat ~ Pen.-lst M. $5,226 p. m, gold.c* 575 2d l\i. (1st on ext., 92 nnles) $5,226 perm., gold.o,. 666 Consol. mort., $7,800,000 ($10,000 p. m.), gold.. c' · 780 South Bound 1st M., gold, int. rental. ........•.. c* 136 lorida East Ooast Ry.-SEE TEXT. torida Southern RR.-lst mort., $ (1) .............. 10 nda Jqhnstown ~ Gloversvilte-lstM.,s.f. ,not dn.c* 26 Cons. M. for $500,000 ($300,000 res'd for 1st M.)o 4 Johnstown G. & Ki~sboro 1st M., assumed ...... CuyaduttaEleo. lst .{fcu.,p.&i.,by F.J.&G.RR.,g. ort Wayne&Jackson- ommonstock .............. Pref. stock (8 p. c.), 512 p. o. rental Lake Shore ... 98 Fort Worth ~Denv. Oity-lst M.,g.,$18,000 p. m.c* 455 Equipment bonds (owned by Union Pacifl.o Ry.) o Pan Handle Ry. 1st mo11(age ..•.....•.•.......... ."i5 ort Worth & Rio Gr.-lst ., gold, $20,000 p. m.o* 146 .... Gainesville Jefferson & Southern RR.-lst M . .••.•• 2d mortgage ........................................ .... . 8· 3 ------· 4.5 Semi•an 1893 $1,000 $1,932,000 Boston, Office. 1894 500,000 do do 412 M.& N. 1895 1,359,000 4 M.& s. do do 1,000 1874 577,000 J. & J. 7 do do 800,000 76·'78 500 &c. J. & J. Boston, Fitchburg RR. 6 ..... 100,000 J. & D. do do 5 100 6,342,000 See text. F. & A. East S~., Mich., Treas. 1,000 1871 1,000,000 J. & J. N. Y., erchants' N.Bk. 8 1,000 1880 3,999,000 6 g. A. & 0. N. Y., Mer. Ex. Nat. Bk. 1,000 1889 2,100,000 5 g. M.&N. do do 1879 104,000 A. & 0. do 7 do 1889 3,125,000 5 g. A. & 0. do do 1,000 1887 80,000 M.&N. BoRton. Intern'! Tr. Co. 5 1894 1,000,000 6 g. J. & J . N. Y., Meroant. Tr. Co. 1888 3,000,000 5 g. J. & J. N. Y., Guar. Trust Co. 1,000 1890 423,000 5 g. J. & J. do do 1,000 1893 4,372,000 do 5 g. J. & J. do 1,000 1891 2,033,000 5 g. A. & 0. Mero.Tr.&Dep.Co.Balt. Various, 1903 May 1, 1914 Mar. 1, 1915 July 1, 1924 July 1, '96·'98 Dec, 1, 1911 See text. Jan. 1, ,1901 Oct. 1, 1920 May 1, 1939 Oct. 1, 1899 Apr. 1, 1939 Nov.1,'96 &'97 Jan. 1, 1934. July 1, 1918 Jan. 1, 1930 Jan. 1, 1943 Apr. 1, 1941 Boston. 5 en J_..&.. J. N. Y.,Imp.&Tra.Nat.Bk. 300,000 7 200,000 do do 6 A. & 0. 50,000 6 J. & J. 350.000 A. & 0. New York. 6 436,132 2,291,416 512.p.'an. M:·&··s. N. Y., Farm. L. & 'l:r. Co. 8,176,000 6 g. J. & D. June, '93, coup. last pd. 160,000 M.& 8. Sept., '93, coup. last pd. 5 225,000 J. & J. 5 2,923,000 5 g. J. & J. N.Y.,H.B.Hollins&Co. 245,000 7 J. & J. N. Y., Am. Ex:. Nat. Bk. 75,000 ...... . ........... 7 1945 July 1, 1900 Apr. 1, 1921 1913 Oot. 1, 1922 ·---------- ---- ------ i:ooo i:ooo 1895 1,000 1870 100 &c. 1881 100 &c. 1893 1892 1,000 100 100 1,000 1,000 1889 1,000 1889 1,000 1888 ....... 1881 1883 -·-··· ·gs ---· issi -·---- There is a $500,000 H. T. D. & E. Co. 4 14 per cent note falling due April 5, 1896. EARNINGS.-From Jan. 1 to Nov. 30, 1895 (11 months),~ross, $6,839,· 844, against $6,400,818 in 1894. For 3 months ending Sept. 30, 1895, surplus over charges was $319,981, against $323,333 in 1894. ANNUAL REPORT.-Fiscal year ends June 30. The annual report for 1894·95 was in CHRONICLE v. 61, p. 467. . Year eniping June 30. 1895. 18 94 l89 3 l89 2 . 450 4 36 Total miles oper!),ted .. •· · 458 450 Total gross earmngs • • • • • $7,237,724 $6,865,l55 $7, 7Q7,298 $7,348,805 Op. expenses and taxes.. 5,202,426 . 5,038,169 5,708,472 5,336,778 Net ea.min s .......... $2,035,298 $1,826,986 $1 ,938 , 826 $ 2 ,012 ,027 Rentals paid ..~........... $264,980 1 $264,980 $264,147 $260,980 Interest on debt.......... 1,014,084 985,487 953,254 945,271 Other interest.. .......... 7,391 59,223 21,639 18,793 Dividends.... ............ . 681 867 502,000 · 668 133 . 649,238 ' ' ____ Bala.nee, surplus......... $66,976 $15.296 $31,653 $137,745 -(V. 58, p. 224, 774; v. 59, p. 191, 512,835, 1141; v. 60, p. 259,656, 79!, 967; V. 61, p. 240,467,610,661, 794.) Flint & Pere If.larq uette.-( See Map.) owns from Monroe,Mich..to Ludington, Mich., 254 miles; 14 branches to East Saginaw, Fostoria, -etc., 150 miles; Port Huron to East Saa-inaw, 90 miles; Port Huron to Sand Beach (3 reet), 70 miles; Palm to Grindstone City, etc. (3 feet), 40 miles: Port Huron to Altmont (3 feet), 34 miles; trackage to Detroit .and Redford and Fort St. Union Depot, 15 miles; total in 1894, 653 miles, of which 144 were 3·feet gauge; "business•producing branches {not bonded)," not including above, 129 miles; spurs and sidings, 170 miles. The company also owns 5 ste"'mers valued at $453.564, running from Ludington and Manistee to Milwaukee, etc. see also v. 62, p. 138. The building of a line from Monroe to Toledo has been proposed ORGANIZATION, SECURITIES, ETc.-A reorganization after foreclosur~ .August 18 1880. In 1889 absorbed Port Huron & Northwestern etc. . ' ' . . . . STOCK.-Common, $3,500,000, outstandmg, $3,398, 2 00, par, $l00. DIVIDENDS.-Onpreferredstocksince 1885-In1886, 412; in 1887, 5-'9; !n 1888, 7 an~ 5 extra; in 1889, 612; in 1~90, 6 per cent; ih 1891, 3¼1; m 1892, 412; m 1893, Feb., 2 p. ct.; none smce. BONDS, ETC.-The consolidated mortgage of 1939 is a first mortgage on 123 miles of main and branch line tracks. Truf-tee Central Trust Co. Port Huron Division mortgage is f-or $3,500,000, of which $125,000 reserved for $104,000 P.H. & N. W. 7s. On Jan. 1, 1895, there were outstanding bills payable for $765,327, 11ut in Sept., 1895, $300,000 consols had been sold to reduce this debt incurred for Detroit extension, etc. Land grant was 513,000 acres, ot which 53,925 acres unsold Jan. 1, 1895; sales in 1894-2,259 acres for $20,531. EA.RNINGS.-11 months, 5 1895 ...... gross, $2,296,512; net, $591,602 Jan. 1 to Nov. 30. <18~4 ...... grosf!, 2,201,650; net, 601,114 ANNUAL REPORT.-Reports show:Year ending Dec. 31. ' 1894. l89 3 . 189 2 , Total gross earnings ....••.•......•• $2,392,33 2 $ 2,F 25 ,23 8 $2,886,716 Net earnings over taxes ..•...•...•. $648,037 :i,658,184 $861,96 1 Interest on debt ................ •··· 611,121 605,l6l 607,943 Dividends . .••.••.•.........•.••....._ _ _ _ _ _ _ _ _ <4 > 2 53,680 Bal. for year .... .................... sur.$36,916 ur.$53,023 sur. $33a Gross earnings include steamship earnings or $310,923 in 1394, $382,291 in 1893, $305,768 in 1892. -(V. 60, p. '71 O; V. 61, p. 196, 324, 366, 558; V. 62, p. 138.) Florence & Cripple Creek RK.-(NARROWGA.UGE).-Ownsroad from Florence to Cripple Creek, Col., 40 miles. Opened ~ept. 1, 1894. Capital stock $1,000,000, par $100. Bonds are authorized at $25,000 per mile. Mercantile Trust Co., N. Y., is trustee of mort~age. Fiscal year ends June 30. In 1894·95 gross, $225,095; net, $89,916; charges, $ 52,918; balance, surplus, $36,998. Florida Cent1·al & Penlnsula.-Operates from Columbia, S. C., via Savannah, Ga., to Jacksonville, Fla., Tampa, Cedar Keys, etc., 940 miles; of which Columbia to Savannah, 136 miles, is South Bound RR. HISTORY.-A reorganization of the Florida Rail way & Navigation Co., which was sold in foreclosure in 1888. V. 46, :(I• 289. South Bound RR. was leased for 99 years from Oct. 1, 1893; its entire capital stock of $2,033,000 was subsequently purchased. In December. 1~93, a line from Hart's Roads to Savannah, 114 miles, was completed. STOCK.-Common stock is $20,000,000, par $100; preferred, 4 per cent oumulative [ with preference as to both principal and accumulated dividends], $4,500,000. Preferred is exchangeable for any subsequent 4 per cent mortgage. BoNDs.-June 30, 1895, funded debt was $7,795,000: car and loco, motive trusts, $161,151: do. South Bound, $51,887; notes payable, $80,.000. Under the consolidated mortgage for $7,800,000 (Trustee, New York Guaranty & Indemnity Co.) sufficient bonds were reserved to retire the priorbouds at maturity. A rental equal to 5 per cent per annum on South Bound bonrls is nufl"rtaken. Merc>1ntile Trust & Deposit Co. of Baltimore is trustee o e South Bound mortgage. ANNUAL REPORT.-1!'iscal year ends June 30. Report for 1894·95 was https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis · ept: 1,--i895 Deo. 1, 1921 Mch. 1, 1899 July 1, 1929 July 1, 1928 1911 1908 Iin V. 62, p. 135, showing gross earnings on 933 miles, $2,272,148; net, I $581,830; charges, $577,853; balance, surplus, $3,977. In year 1893· 94, on 799 miles, gross, $2,105,757; net, $662,176. (V. 60, p. 82,871; V. 62, p. 13 5 .) Florida East Coast Ky.-Owns from Jacksonville, Fla., via St. Augustine, to West Palm Heach (on Lak_e Worth), Fla., 3~2 miles; branches to P~latka, San Mateo and Toco1, 19 ~lles; Atlant1~ &·Western, Blue SprmgA to New Smyra.a, Fla., 28 miles. Extension or 70 miles from West Palm Beach to Biscayne Bay was under construction in uctober, 1895. A consolidation or several roads in 1893 into the Jackson ville b t. Augustine & Indian River, and name changed in 1895. Road is owned by Henry M. Flagler, President, 26 Broadway, New York. All the old bonds have b~e~ oanceled. (V. 61, p. 112, 470.\. Flo.rlda If.lldland Ky.-Ki~simmee ~o Longw<:>od, Fla., 44 miles. Road 1s bo1:1ded for $8,0~0 p_er mile. Rece1ver.s' certificates for $39,500 ha_ve been 1ssuerl, of whwh H!- S~pt., 189 t, $20,000 had been sold. Re• c01ver is Henry S. Chubb, K.issunmee, Fla. F~reclosure sale was set for December 2, but road was not sold at tuat time. REORGANIZATION COMMITTEE September, 1895: Levi Wallace, .J!', s. Mackenzie, I<'. C. Bill, O. W. Mead, C. W. Morris. V. 61, p. 470. .F lorida "iout11.ernKK.-(See Map Savannah Florida~ Westet·n.) -Owns from P alatk!),, Fla., to Bro?ks ville, Fla., 14~ miles: Bartow to Pun~a Gorda, 75 miles; branches. 2~; total, 2!~ miles. Formerly the Florida South~rn Ry. and belonged to ,Tacksonv1lle Tampa & Key West Svstem-now m Plant System. Ifi: October, 1895, $180,000 _fir~t morJ;gag-e bonds were sold to pay for improvements and extensions. I~ 1s understood that these bond~ are guaranteed by the Sa van a.ah Florida & W~stern. See _ v. 61, p. 661. In J~nuarr, 1896, the St: Joha.s & La.k& Eustis Ry., 47 miles, ~as purchased rn the mterest _ o t this com!?an~. . For six months el!-dmg Dec. 31, 1894, gross eara.mg8 were $281,267, net, $24,052. President, Frank Q. 8rown, Boston. (V. 62, p. 8-l.) Fort Wayne & .Tackson.-Owns from J ackson Mich., to Fort Wayne, Ind. , 9~. Ifi:iles. On August 24, 1882, leased perpetually to Lake Shore & Michigan Southern at a rental of $126,027, equal to 512 per cent on the preferred stock (see V. 56, p. 812), and after 1887 any net earnings over 8 per cent on preferred stoclr to be paid as dividends on common stock, but not exceedin~ 2 per cent a year. In 1894 .,,ross earnings were $l 79,279, against $194,543 in 1893 and $234,853 in 1892. !Fort ,vorth & Denver Clty.-Owns from lfort Worth, Texas, to Texline, 455 ,n., and operates Pan Handle Ry., 16 m., owning its stock. ORGANIZATION, ETC. -U. P. Denver & Gulf owns $7,766,000 of the $ 9 3 7 5 000 st0 k $100 s b t t f t v 45 , p. 440• • ' c ; par, · ee a s rac O mor gage, · (Trua t ee, Mercantile TruS t Co. of New York.) RECEIVERSHIP.-President Morgan Jones ana John D. Moore were appointed receivers October 24, 1893. Mr. Joa.e~ is now sole receiver-V. 60, p. 43. The Dec., 1893, coupon went to default. C0:\1MIITEE.-Georg-e M. Pullman. F. B. Lord, Harry Waiters, Sidell Tilghman, Francis S. Bangs and G. M. Dodge, Cllairman; Secretary, J. T. Granger, !Broadway, N. Y.: deoositary,MercantileTrust Co.,N. Y REORGANIZATION PLAN.-The plan of the above committee proposes (1) to reduce interest on 1st 6.s to 4 per cent for live year8 from Dec. 1, 1895; (2) pay one past due coupon 3 p. c. in cash; (3) give stock (to draw preferential 4 p. c. dividends, if earned) for the remaining four overdue coupons and the 2 p.c., dererred interes t on tlr.sts for tile next fiv e years at the rate or $275 or stock for such coupons and interest of each bond lleld. A statement of earnings for 1893, 189! and 10 mouths of 1895 was given in V. 62, p. 39. In March, 1894, loans and bills payable were $396,899; overdue interest, $254,115. L ATEST EAR'.-<INGS.-From Jan. 1 to Oct. 31, 1895, 10 months, gross, $856,245; net, $188,455; other income, $4,565. V. 62, p. 39.~ ANNUAL REPORT.-Report for 1894, in v. 60, p. 520, showe'l: Year- Gross. Net. Other inco ,ie. Interest. Balance. 1894 ..••. $1,335,879 $277,477 $25,719 $509,8LO def. $206,614 1893 ..... 1,498,730 312,845 23,800 510,875 def. 174,230 1892 ..... 1,750,284 494,410 18,780 509,810 sm·. 3,380 -(V. 60, p. 43, 520,606,873, 1104; V. 61, p. 661; V. 62, p. 39, 40.) Fort , vorth & Rio Grande. -Owns from Fort Worth, Tex., to BrOWl}WOod, about 146 miles; completed in August, 1891. Mortgage trustee is Central Trust Co., New York. Stock outstanding, $3, 1oq, 100 ;. par, $100; and loans and bills payable, $228,248, on June 30, 189'1. LA.TEST EA.RNINGS.-10.mos., { 1895, gross, $30~,667; net, $101,0~2. Jan. 1 to Oct. 31. 51894, gross, 274,742; net. 93,701. For year ending June 30, I.89;,'i, gross earnin~s were $ i 52,196; net, $195,806; other income, $52,160; charges. $175,120; balance, surplus , $72,846. In 1893-94 net, $8~,253. -(V. 52, p. 81, 351, 642; V. 60, l), 480.) . Fulton County N. G. Ky.-See November, 1894, SUPPLE~IEN'.r. alveston Harrisburg & San A.ntonlo.-(See Map Southe1-n Paeifte.)-Owns Houston, Tex., to San Antonio, Tex.,217m.; SanA.n· \onio to Rio Gr. River, 636 m.; br'ch's, 7:l m.; leases 12 m.; total, 937 m. ORGANIZATION, STOCK, ETc.-Operated by the Southern Pacific Com• p<tn:V, which owns all but$570,812 ofthe$27,093,012 stock (par, $100). BoNos.-First ml'rtgaa-e has a sinking fund of 1 per cent, but It is oi;,tional wit' bon'a.holders to surrender their bonds if drawn. G INVESTORS' SUPPLEMENT. [ VOL. LXl. Subscrlber111 w-111 confer a great favor by e;lvln~ hn1nedlate notice ot" any error dbcovflre In these '('ables. R.A.ILRO.A.DS. . . lNTEREST OR DfVIDRNDS. Bonds-Princi~ Miles Date Size, or Amount. - - - -- - - - - - - - - - - - - - 1pal,WhenDue For explanation of coluwu lleadiugs, &c., see notes of of Par OutstandinoRate When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. '-' Per cent. Payable Whom. Dividend. '71-'80 $1,000 Galveston Harrisb. & S. A.ntonio-lstM.,g.,land gr.c• 1,000 2d mortgaue, .Hardsb. and Houston to San Aut.c• 225 1880 1,000 West. Div.1stM., g., SanA.toElPaso,636 m.&ur:c• 671 1881 1,000 2d mortgage (see remarks) ...... ........ ...... c• 671 1881 1,000 Galveston Houston & Hend. of1882-lstM., guar . . c 50 1883 1894 1,000 Gatv. La Por·te & Houston-La P. H. & N. 1st mort. Galveston La Porte & H. mort., ~2!-l,000 perm ... Geo1·ge's Oreek & Oumbe1·land Ry.-lst M .......... 1879 2d mortgage. ... . ................................... Georgia & d.labama-Common stock $15 000 p. m. Pref. stock, 6 per cent, non-cum., $10,000 p. m .. lstpref.M.,$6,500 p.m., g., red. at 105 aft. 5 yrs. 265 1895 1st consol. mort., $10.00• •.000, gold (SeA text) ... 265 18!15 1,000 Montgomery Term. Co •. lstM, gold, redeem •.... ll:l92 Car trusts .................... . ... .... .. ............. Georgia Oarolina & Nor.-lstM., gold, guar.p.&i.c• 268 1,000 6eorgia Midland & Gulf-1st M., ;old (See text)c&1r* 100 1893 2d mort., incomes, non-cum.,$ ,500 per mile .... r 100 1893 500 Incomes ............................................ Georgia Pacific-SE E SOUTHERN RAILWAY COMPA Nl::·· 100 fleorgia Railroad & Banking <Jo.-Stock. . . . . . . . . . . . a07 1,000 Bonds, not mortgage .......................... c*&r 1877 1,000 Bonds, notmortgage .. ............ .. .... .... .. c*&r 1880 1,000 Bonds not mortgage .......................... c*&r 1882 1,000 Bonds not mortgal,!.'e .............................. r 1887 1,000 6 wrgia S<Yulhern d: Fla.-1 .. t M., ~ $'1,000,000 .. c• 285 1895 1,000 Gettusbttrg ti; Barrisb.-So.Mt. lHt .,guar.by P.&R. 1,000 Gettysb'!.! & H. 1st M., old issue, gu. by P. & R ... Con. M. $565,000, g., gu. p.& i. (end.) by Ph.& R.c* 1,000 35 1891 Goshen & Declce1·town-lst and 2d mortgages ....... ···· 11888-9 la 1892 1,000 ~s;:,:sic:1~!~lo8:k~·: .~~~~: .~~: ~--~ _ic~ 100 1.000 1st M., rand grant, g., s. f. (guar. by Pa. RR.\ .. <'* 33fi 1869 iss9 i:ooo iss2 i~:::r~:tw~ $4,756,000 1,000,000 13,418,000 6,354,000 2,000,000 150,000 See text. 536,000 65,000 3,775,000 3,400,000 1,240,000 2,442,000 208,000 400,000 5,360,000 1,650,000 750,000 105,000 6 g. F. & A. J. & D. 7 5 g. M.&N. 6 J. & J. A. & 0. 5 5 ...6.. A ...&..O . N.Y.,So.Pac.Co., &Bost. Feb. 1, 1910 do do June 1, 1905 N.Y.,So.Pac.Co.,23 B'rd May 1, 1931 July 1, 1931 N. Y., 195 Broadway. Apr. 1, 1913 N.Y . .A.m·:cciaicio., lB'y Oci.":{,"·i909 ...5.g. A:·&:·o . 5 g. J . & J. 5 g. M.& ::,. New York. do J. & J. N.Y.,Brown Bro.&Balt. 4 g. J. & J. See text. 4 J. & J. 6 ...5.g. 4,200,000 See text. Q.-J. N.Y.,.A.m.Ex. B'k&.A.ug. 1,000,000 J. & J. do do 6 1,000,000 J. & J. do do 6 . 300,000 J. & J. N.Y.,Am. Ex.Bk.&Aug. 6 200,00,, 5 J. & J. do do 3,58<1,000 5 g. J. & J. Balt.,M. T.& S.D.& N.Y. 100,000 A.. & 0. Phila., P. & R. office. 6 250,000 6 A. & 0. do do 215,000 5&6 Various! do do 246,500 6 5 g. J,::~:?· N.Y.,G~•~:~~~~~tation. aoo,ooo 4,986,081 1.427,000 7 I!. .T. & .T. N. V., Winf'low, L. & f1o. .i.945. 1945 Mch. 1, 1932 1896 to 1903 July 1, 1929 July 1, 1926 Jan. 1, 1926 Jan.15,1896 July 1, 1897 Jan. 1, 1910 Jan. 1, 1922 Jan. 1, 1922 July 1, 1945 1898 1914 Oct. 1, 1926 1928-29 June 1, 1942 Oci:·1 ...i899 In 1893 holders ·of ·Wester'n Div. 2ds agreed to cancel claims for ac-1 and Athens, 58 miles; Macon & Augusta RR. (proprietary road), Camak, crued interest and that interest on these bonds should be paid only H Ga., to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles. e_arned and should be non-cumula~ive. y. 58, p. 719. Floating liabill· 1 ORGANIZATION.-Owns also one-half the stock of the Western Railway ties _January 1, 189.t, $3,327,488, mcludmg $2,241,721 due Southern of Alabama (the Central Railroad of Georgia ownina- the other half) Pacific Company; current assets, $662,042. and has a one-fifth h:~terest ~ the Port Royal & Augu~t::i, and a thirty: EARNINGS.- 11 months,~ 1895, gross, $4,369,880; net, $1,418,682. five one•hundredths mterest m the Atlanta & West Pomt (which see). Jan. 1 to Nov. 30. ~ 1894, gross, 3,850,353; net, 1,151,764. Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,In year 1894 !?ross, $<1,293,714; net, $1,283,959; receipts from track· 000 first mortgage 412 per oents of Western Railway of Alabama. age, etc., $98,7~0; total net income, $1,382,719; charges, taxes, etc., In April, 1881, the railroad (307 miles) and its interest in the other -$1,255,548; surplus from operations, $127,171 In 1893, gross, $4,- railroad companies were leased for 99 years to W. M. Wadley and 204,75'1; net, $997,453. <V. 55, p. 100,146; V. 59, p. 1058.) associates, for the CentTal of Georgia and the Louisville & Nashville, at Galveston Houston & Hender 8011 of 1882.-0wns from Gal- $600,000 P~f year. De(?, 31, 1892, t~e banking departmE::nt was t';ll'Ilecl v~ston. Texas, to Houston, Texas. /lO miles. over to the Georgia Ra1lr(?ad Bank, a separat_e corporation,~ maJority ORG.ANIZATION.-Leased in 1883 for 99 yearP to International & Great [$198,200] of whose stock 1s held by the Georgia RR. & Bankmg Co. Northern and bonds guaranteed by that company, but in December, DIVIDENDS since 1880-In 1881, 912 per cent; in 1882, 1014; from 1895, lease was surrendered and a new contract made by which the 1883 to 1887, 10; in 1888, 10~; from 1889 to Jan., 1896, botl, M. K. & T. and the International & Great North. use jointly the road inclusive, at rate of 11 per cent per annum (2~ per cent quarterly). between Ualveston a?-d Houston. Contract providel'.I f<?r payment.to COMPANY'S REPORT.-In year ending March 31, 1895, rental, etC1., mortgal!e !rustee or $100.000 yea,r ly by ~l~e two compa.m_es. to meet ID- was $600,000; dividend from bank, etc., $11,947; total, $611,947; terest on U. H: & H. bonds and an addit10nal rental of :ji24,000 pt>r luterest $148 000· dividends paid (11 per cent) $462 000. annum for dividends or other purposes-see V. 61, p. 1064. M. K . ._\. T. ' ' ' ' ' EARNINGS.-6 mo~ths.) 1895, gross, $784,504; net, $273,530. a nd Internathnal & Great Noi·thern each own 4,999 shares of G. H. & H. stock-see V. 61, p. 1013. Stock, $1,000,00o: par, $100. For year Julv_ 1 to Dec: ::n. 51894, gr~ss, 734,384; n~t, 255,604. enrling June 30, 189f>, ~r 0 ,. 8 , $636,676; net, $163,IJ42; ottrnr income, Includmg other mcome, net (1890), $304,906, agaml'.lt $286,980. $27: charges, $111,672; balance surplus, $52,297. ln 1893·94, gross, YEAR'S 1<;A.RNINGS.-For year ending June 30, 1895, gross, $1,307,638 $403,228; net, $60,842.-(V.60, p. 1145; V. 61,p. 1013, 1064. net, $320,274; total net, including other income, $413,026. Georgia & Alaball'.la.- 0wns from Montgomery, Ala., easterly [n ll:!93-94 g~oss, ,t;l,36'.7,185; p.et, $497,201; total net, including ~nto Lyons, Ga., 265 miles; an extension to savannah, Ga., 75 miles, is terest and dividends received, $089,953. In 1892-93, gross, $1,480,202; to be built or acquired. net, $392,019.-(V. 59, p. l l02; V. 60, p. 1144.) ORGANIZATION.-In August, 1895, succeeded to the property of the Georgia Southern & Florida Ky.-(Se~ Map of So1ithern Ry.JSavannah Americus & Mont1?omery, sold in foreclosure May 17, 1895, Owns from Macon, Ga.,_vo ~alatka. Fla.. 285 ~iles. . and reorganized per plan in v. 61, p. 470; see also v. 60, p. 874. HISTORY.-A reorgamzat1on of the Georgia S. & F. Raill-oad, sold d d in foreclosure .A.pr. 2, 1895. V. 60, p. 606; V. 59, p. 920. Now controlled Fi t l ,-r , S.E~URITIES.- rs mor gage preJ e1·ence 5 J!er cent 5 0 -year _gol _bOJ?, s by Southern Ry., which owns a maiiority of all stock. Y. 61, p. 113, 375. are tor $4,000,000, and are not to exceed $6,500 per mJle of roam llne STuCK.-Common, $1,000,000; li,t pref. 5 p. c., $684,000, having a of completed road_; $1,790,000 are reserveq f<?r new mileage. . lien on the property· 2d pref. 5 p. c. $1 08 1 o i,0. The tirst consolidated mortgage 5s are lrm1ted to $9,000 perm1le of ' ' ' ' _, . road, with $6,~00 additional per mile to be held by the trustee for sole BONDS,-:-Abstract of 1st mortgage of 1890 was ID V. 61, p. 429. ~he purpose of retiring the first mortga~e preference 5s after fl ve years at mortgag~ i" for $4,000,000 and ljovers a!l of the property and franc11:1ses 105 and accrued interest. Interest on the consols during the first five and provid~s also that the $6R4,000 jirst p1•eferred st0<,k authorized years of their life may be met by the issue or 6 per cent 10-year certifl• shall constitute a lien upo!l the sam_e second only to _the bonds an!i cates of indebtedness, redeemable at the pleasure of the company at coupons. Mortgage trustee 1s Mercantile Truolt & Deposit _Co. of Baltiany six months' intnest period. more. Qn Jnly 1, l 89~, $3,fi84,0~0 firsts were outstanding,. the balMonlgome1-y Terminats.-The interest on the $208,000 bonds (for- ance bemg reserved for old clauns for car trus~s and for 1mprovemerly tis) of this company is guaranteed to the extent or 5 per centum men ts. On September 30, 1895, ~here were eqmpment notes (due for five years from July 1, 1895, the G. & A. having option to monthly t, August, 1899,) outstandmg to the amount of $109,396. redeem the bonds at any interest period during said 5 years and of EARNINGS.-4 months. t 1895 .. .. .... gross, $288,513; net, $122,572 -0ontinuiug the arrangement during the life of the bonds. V. 61, p. 470. July 1 to Oct. 31. 51894 ........ gross, 291,628 ; net, 66,631 EARNINGS (4 months)- 51895, gross, $202,350*1; net, $72,050. rn the year eudin~ June 30, 1895, gross, $84~,560; n_et, $228,595. In Sept. 1 to Dec. :n. ? 1894, gross, 195,575; net, . . . . . . . . 1893-94, gross earnmg~ were $831,052; net, ,t;l80,886. In year 1893 A..n1tual interest charge, $184,100. gross, $817,322; net, .15176,970. ~ r t l y estimated and on 35 miles less than in preYious year. OFFICERS.-President, Samuel Sp~ncer, New York; Vice-Presid~nt• ~ '. . Wm. Checkley Shaw, Macon; l::lecretary and Treasurer, Ben. C. SIDith, G~NERAL F INANCES.-I1i January, 1896, the company held in 1t_s Macon; Assistant Sec.:retarv, R. D . Lankford,~ ew York.-(V. 60, p. 432, t!ea,.ury on :present mi~eage, $480,000 first prefe1·ence bonds (add1- 522 606 794 928 967 10·10 114.5· v. 61 p. 113 420 429 871.) t10.tlal to the $1,240,000 m table above1 and $1,325,000 common stock; ,' ' ' ' ' ' • ' ' ' ' ' . _ and 11 l so "a handsome cash reserve tor future improvements." It al·so Gouverneur & O s"'e=catcllle.-0wns from Gouverneur to Ed had arranged to bui.Jd or acquire 75 miles from Lyons to tidewater at war~s, N. Y., 18 miles. Stock, $350,000, all owned by N. Y. Central, l:!avannah. Ga., $1,790,000 preference bonas [of the $4,000,000] being -which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501. available for extensions. Grand Rapids &; Indlana.-(See Map of Penr.sylvania RR.JEarnings of Savannah Americus & Montgomery for year endin~ Owns trom Fort Wayne, Ind., to Mackinaw City, 367 miles Manistee June 30, 1895, gross, $477,0;j5. In 189:i-94, gross, $438,019. t'resi- Branch., 19; other branches, 50miles; total owned, 436 milf'I \eases, -dent, John Skelton Williams.-V. 61, p. 196,281,420,470, 610. 11,nd operates Cincinnati Richmond & Fort Wayne RR., 86 miles; Tra,Georgla Carolina&; Northern.--9wns road from Monroe, N. c., verse City R~., 2~ miles; Mus~egon Grand Rapids &.Indiana RR., 37 to Atlanta (Inman Park), Ga., 266 mlles; completed in April, 1892. ,utles-149 miles, total, 585 miles. Second track 3 miles. Belougs to "Seaboard" system, and bonds guaranteed (by indorsemen t HISTORY AND STOCK.-Formed in 1854 and operated in interest of the on each bond) by lessees, Seaboard & Roanoke and Raleigh & Gaston Pennsylvania Railroad, which votes a maiJority of stockuntil July, 1941. RR. Cos. Merc!tntile Trust & Safe Deposit Co. of Balti~ore is trustee FORECLOSURE.-On April 27, 1895, trustees of second mortgage of of mortgage; . see abstract, V. 49, p. 239. Stock authorized, $1,000,· 1884 commenced foreclosure proceeding,., 000; outstanding, $535,300 (par $100), mostly owned by the lessees. , LoanR and bills payable, July 1, 1893, $807,643. EARNINGS.-From REORGANIZATION.-Default was m~de Sept. 1, 1892, on coupons of Jan. 1 to Nov. 30, 1895 (11 months), gross, $667,033, age.inst $641,428 genc,ral Ul.Ortgage :> per cents, and m 1893 most of the holders ~onin 1894. For year ending June 30, 1595, gross, $648,247; deficit under sented to fund the mterest rrom March 1, 1892, ~o Mar~h 1, 1900, mt~ -Operating $119 524. Iu 1893-94 gross $613 482· deficit $98 251. scrip, t!p~n w~ic!J. 4 per cen.~ interest _shall be paid sem1-::i,nnually until ' ' ' ' ' ' ' ' the "cr1p 1s paid m full. This plan did not afford sufficient relief and Georgia Midland & Gulf.-Columbus, Ga., to McDonough, 100m. on Oct. 1, 1894, first mortgage coupons on the unguaranteed bonds RtWEIVERSHIP.-In November, 1894, John F. Flournoy was appointed were not paid, but holders were oftered $1,110 per bond m cash or exreceiver. Road is to be sold in foreclosure at Columbus, Ga., on Fel>. change for guaranteed 4.12 per cents mentioned above. It is proposed! 1, 1896; upset price, $fi00,000. Stock authorized, $2,000,000; out- to reorganize the company. V. 59, p. 1007. stauoing, $1,245,000; :par. $100. Car. trusts, $53,900. July, 1894, inCOMJ\UTTEE.-Gene1·at Mm·tgage Bondholders.-A.ppointed in June, terest not paid. Deposits of bonds with Central Trust Co. have been 1895: James Brown Potter (59 Wall Street, New York), Harry F. West called for. R. .A.. Lancaster & Co., 10 Wall St., fiscal agents. Ten year (927 ChPstnut Street, Philadelphia), and Moses L. Scudder (32 Liberty notes outstanding, $78,460. Street, New York). See V. 60, p. 1104; V. 62, p. 84. EARNINGS.-ln year ending June 30, 1~95, gross, $148,741; net, BONDS.-A portion of the 7 per cent first mortgage land grant bonds $17,026; charges, $71,292; balance, deflmt, $54,266. In 1893-9'1 have been extended at 412 per cent. They are endorsed with the guargrosH, $164,131; net, $34,721.-(V. 09, p. 920; V. 60, p. 1058; V. 62, p. anty or. the Pennsylvania RR. Co. to purchase the coupons as they 138.) mature, and the bond itself at maturity if not paid by the Grand G e orgia PacUlc.-See SOUTHERN RAILWAY COMPANY. Rapids Company. They have no lien on the land ~ant. See guaranty Georgia Railroad &; Banking Com.pany.-0wns from V. 56, p . 649. Pennsylvania RR. on Dec. 1, 1895, owned $2,700,000 Au,;usta, Ga., to .Atlanta, Ga., 171 miles; branches to Washin~on 2d mortgage bonds and $1,358,356 coupons. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I JANUARY, 1896.J RAILROAD STOCKS AND BONDti 63 Subscrlber111 will confer a great favor by giving Immediate notice of any error discovered In these Table111. Bonds-Prlno• RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or pal, When Due A.mount Par • Outstandirul; For explanation of column headings, &c., see notes of of Rate r,er When Where Payable, and by Stocks-La.at Road. Bonda Value. on first page of tables. Cen. Payable Whom. Dividend. - - --- and Rapids d: Indiana-(Ooncluded)- 1st mortgage, la.nd grant, not guaranteed ........ 335 1st mortgage, goldd no lien on land grant ...... o* 335 1st mort., extende , goldt fuar ..by Pa. RR ..... o* 335 2nd mortgage, redeem. a 05 till A.ug.1, 1894.c* 367 General mortgage for $13,000,000 ...•........ c &r 367 Funded coupon scri:R, for $1,498,400 .............. Musk. G. R. & Ind. R. 1st M., gold, traf. i,piar.o" ·a,; 6reat Northern-Stock, pref. (no com. stock issued) .... Collat. Tr. mort., red. at 100 on 3 months, gold.c .... St. PaulMinn. &Man.-Stock (rental 6 p. o. in iold) St. P. Min.&Man. lstM.l.gr.,s.f.,g.,dr'natl 5.o* 624 2d mortiage, gold (does not cover lands) ..... o* 624 Dakota xtension 1st M., gold................. o* 1,221 Cons.mort.,l.gr. ($13,344,000are6s), gold.o*&r 2,533 Montana Exten. lstM. ($25,000p. m.),gold.c*&r 420 Pacific Extension M. for £6,000 000, gold.. o*&r 819 Minnea~.RR.lst M,,i-~· ($650,000 are 5s).o* East of . 1st M. ($5 , 00 p. m.), g., gu.. o*&r ·72 Montana Cen. 1st M.,g. ($6,000,000 are 6s)!u.o&r 256 WUlmar&SiouxFalls lstM., g.,gu.p.&i,(en )o.. &r 205 Minneapolis Western 1st mort,. , gold, guar..... o* ..... een .Bay Winona~ St.Paul-Stock ($2,000,000pt.) 219 PJl ~i:;s::t. ~~r1:rmers; Loan.& Tr.' co:) goi«i::: o 215 2d mortgage, income, non•oumulative .. .......... o 215 0 6'reene RR. ( N. Y.J-Stock ........................... First mortgage ...... ................................ ur, Beaumont d K.O.-lst ,mort., $750,000, gold.o f <£ Ohicago-Stock ............... .. ............... Su ···s .62 --- 1869 $1,000 1,000 1869 1891 1,000 1884 1,000 1884 1,000 1893 1886 100 iso2 1,000 100 is79 100 &c. 1879 1,000 1880 1,000 1,000 1883 1887 l,0O0&o 1890 £100&0 1882 $1,000 1888 l,O00&o 1887 1,000&0 1,000 1888 .... 1,000 100 issi 1,000 1892 500 &o. 1892 1,000 10 is12 500 1893 500 .... 100 i:ooo $42,000 33,000 3,886,000 2,975,000 3,996,000 1,489,400 750,000 25,000,000 15,000,000 20,000,000 357,000 8,000,000 5,676,000 33,510,000 7,805,000 £3,000,000 $2,800,000 4,700,000 8,700,000 3,625,000 500,000 10,000,000 105,000 2,395,000 3,781,000 200,000 200,000 364,500 400,000 A.. & o. A.pr., '94, coup. last pd. A.. & 0. Apr., '94, coup. last ~d. J. & J. N. Y., Winslow, L. & o. M.&N. M.& 8. Mar.'92, cout_ last paid M.& S. Philadelp ·a, Pa. J. & J. Jan .,'94, coup. last paid Q.-F. N. Y. Office, 27 Pine St. M.& S. do do Q.-F. do do J. & J. New York and London. A.. & o. do do M.&N. New York, 27 Pine St. J. & J. do do J. & D. do do J. & J. N.Y.&Lon.,BaringBros J. & J. New York, 27 Pine St. A.. & o. N.Y.27Pine; Bos.,Lee H J. & J. New York, 27 Pine 8t. J. & D. do do J. & J. do do --6· F.--&..A.. 5 g. F. & A.. A.ug.'94, coup. not paid. F. & A. N. Y., when earned. 4 6 sem-an J. & D. D.L.&W.off.26Exch. Pl. do 'do 7 I.T. & D. 6 g. l<'. & A. Boston, 12 Pearl St. l p. c. iu _,eCPm , Ripley, l\Itss. 7 g. 7 g. 41.gg. 6 5 4 5 g. 5 per an. 4 g. 6 per an. 7 g. 6 g. 6 g. 4lg&6g. 4 g. 4 g. 5 &6g. 5 g. 5&6g. 5 g. 5 g. .......... Oct. Oct. July Nov. Sept. 1, 1, 1, 1, 1, 1899 1899 1941 1899 1924 Juiy" i·,· "i92fl Feb. Seit, Fe . July Oct. Nov. July June July July A.pr. July June July 1, 1. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1-, 1, 1, 1896 1902 1896 1909 1909 1910 1933 1937 1940 1922 1908 1937 1938 1911 Feb:·1,--fau Feb. 1, 1911 A.ug. 1, 1906 Dec., 1895 Dec. 1, 1902 A.ug. 1, 1913 Dec. 1, 1895 I FLOATING DERT, ETC.-On Dec. 1, 1895, car trusts due and unpaid• ·$ 217 ,945; not yet due, including locomotives, $125,3:'>9; bills payable, $200,000; 7 per ceRt ooupons purchased by Penn. RR. (including interest), $710,356; 6 p. c. coupons held by Penn. RR., $648,000; real ,estate morts., $197,250. LANDs.-The company has a land grant and in 1~94sold 12,574 acres of hard wood and 1,400 acres of pine land, for the aggregate price ot $102,998. The lands unsold on Jan. 1, 1895, were about 235,494 a.ores. Sinking fund for redemption of land grant bonds Dec. 31, 1894, $917,171 in bills receivable. EARNINGS.-11 months. 51895 ...... Gross, $2,470,451; net, $514,102 Jan. 1 to Nov. 3 0. <1894 ...... Gross, 2,269,080; net, 542'019 ANNUAL REPORT.-Report for 1894 was in V. 60, p. 709, showing results below; rentals and miscellaneous in 1892 included $163,?'70 fClr car truats, betterments, etc.; in 1893, $87,682 and in 1894, $78,983 for eonstruction and equipment. Year end'g Dec. 31. 1894. 1893. 1892. 1891. Miles operated........ 436 436 436 432 Gross income . . ....... $1,900,401 $2,185,899 $2,516,640 $2,400,414 Netoverexp's &taxes 438,906 388,283 732,654 694,788 [nterest on bonds, etc. 509,486 516,082 701, 194 717,219 Int. on floating debt.. 89,848 87,092 70,653 86,896 Rentals and miscel... 137,487 127,537 203,972 208,431 Balance ..•....... . ... df.$297,915 df.$342,428 df.$243,165 df.$317,758 -(V. 158, p. 127,382, 813; V. 59, p. 600,651, 1007, 1141; V. 60, p. 432, '709, 794, 1058, l 104; v. 61, p. 68; v. 62, p. 84.) Great Northern.-( See Map.J-Operates under lease the St. Paul Minneapolis & Manitoba Railroad,3,770 miles of road. Also owns the entire stock of the following lines, but keeps their earnings separate, their income appearing in t.he Great Northern income account only as revenue from stocks and bonds owned or as other receipts: The Willmar & Sioux Falls, Willmar, Minn., via Sioux Falls, to Yankton, Dak., 205 miles; the Duluth Watertown & Pacific, Watertown, Dak., to Huron, Dak., 70 miles; the Minneapolis· Union, 2·5 miles; the Eastern of Minne· sota, 72 miles; the Montana Central, Great Falls, Mon., to Butte, Mon., 257 miles, including branches. Also owns the Seattle & Montana, Fair Haven & Southern and New Westminster South. RRs. ~ extending from Seattle, Wash., to S. West• minster, 159 miles. Totai operated July 1, 1895, 4,496 miles main line; 2d, 3d, etc., tracks and sidings, 656 m.; total track, 5,152 miles. HISTORY, STOCK, LEASES, ETC.-This cor:poration in February, 1890• leased the t:lt. Paul Minnea.J;>olis & Manitoba for 999 years, assuming its funded debt and guaranteemg 6 per cent per annum in gold on its $20,· 000,000 stock. The GreatNortllern'sauthorized capital was $40,000,000, of which $20,000,000 preferred 6 per cent non-cumulative was offered to Manitoba stockholders at 50, the remaining 50 per cent being paid by a transrer to the Great Northern of all the securities owned by the Ma.n• ito ba r.ompany, amounting to over $22,000,000; subsequently $5,000,· 000 of preferred was issued. The securities acquired by the Great Northern I.lave been placed m trust to secure.the unity of the system. (See V. 49, p. 435; V. 50, p. 205.) The preferred stock can be increased with the consent of three fourths the pref. outstanding. A.n alliance between the Great Northern and the Northern Pacific (after its reorganization) was proposed, but is dormant pending settlement of Nor. Pac. affairs. STOCK-In 1893 $fi,000,000 preferred stock was sold to pay for equipment, terminals, etc. See V. 56, p. 753. LANDS.-St. P. Min. & Man. land grant was 3,848,000 acres. Land sales are applied to the redemption of 1st mort. bonds a-t or under 105. Sales for year ending June 30, 1895, were 31,754 acres, for $252,721, and 162 town lots for $4,015. The net amount due on land con• tracts June 30, 1895, was $1,494,941; lands unsold, 1,463,401 acres, ot which 118,353 acres in dispute with St. P . & Northern Pacifl.o. Minneapolis & St. Cloud grant was 476,864 acres; unsold July 1, 1895, 411,8 85 acres; sales in 1894-95 were 2,807 acres for $12,152. DIVIDENDS, ( 1890 1891 1892 1893 1894 1895 1896 Great North. pf. S 1 % 434 5 5 5 5 Belo-... In 1896, Feo., 114 per cent on preferred. Dividends on Manitoba stock have been 6 per cent yearly since 1880. BoNDs.-In 1892 the Great Northern issued its collateral trust bonds for$15,000,000, secured by deposit with the trustee of £3,000,000 Paoifl.c Extension 4s of the St. Paul Minn. & Manitoba Ry. Co. V. 54, p. 525. The St. Paul Min. & Man. consol. mm·t. of 1883 is for $50,000,000, ot which bonds are reserved to pay prior liens. The mortgage on Montana Extension is for $25,000,000 for extensions, $15,000 per mile being allowed for second track; bonds for $11,502,000 secured by this mort~ gage, additional to amount in table, are deposited as part security for Pacilio extension bonds. Abstract V. 45, p. 342. St. P M. & M. 1st 78 for $725,000 were retired by sinking fund on Nov. 1, 1895, leaving $957,000 outstanding, and $600,000 have since been called, leaving $357,000 outstanding. Pacific extension mortgage for £6,000,000 (trustee of mortgage Cen· tral Trust Company of New York), provides for bonds at £6,000 per mile in Montana and £7,000 per mile west of Montana; £3,000,000 of this issue, in addition to those given in the table above, are pledged to https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis secure the Great Northern's collateral trust bonds. See abstract of mortgage. V. 52, p. 82. Eastern Raiiway of Minnesota runs from Hinckley northward 70 miles, to a point near Duluth ; the mortgage covers equipment, ter• minals and elevators. Montana Central bonds cover several roads (See adv. CHRON. Dec. 12, 1891.) The Manitoba guarantees both these issues, and the Great Northern assumes the guaranty. The Willma1· cl: Sioux Falls bonds are endorsed with joint and several guaranty of the Manitoba and Great N ortbern companies. Further issues may he made at $17,500 p. m . for additional road. V. 56, p. 247. Minneapolis Western first mortgage i s for $1,000,000 and covers the property and equipment of that company. The bonds are uncondition• allv guaranteed by the St. P. M. & M. and the Gt. Nor. V. 60, p. 835. GENERAL FINANCES.-Tlle earnings of the company from June 18, 1893, include the Pacific Extension, 819 miles. In August, 1894, traffic arrangements were made with Oregon Ry. & Nav. Co. giving Gt. Nort,hern a through line from St. Paul, Minn., to Portland, Ore., via Spokane. V. 59, p. 152, 191. Cn yeae l?i93·94 the Great Northern received $400,000in dividends on Eastern Ry. of Minn. i,tnck and $150,000 from dividends on Willmar & Sioux FallR s tock. Minneapolis Western first 5s for $500,000 were sold in May, 1895. Exchange of St. P. M. & M. fl.rat 7s for consol. 412s of 1883 at par was offered till Dec. 1, 1895. V. 61, p. 703. Et\RNINGS.-From Jan. 1, to Dec. 31, 1895, 12 months, g!'oss, $18,126,386, against $15,167,051 iu 1894. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held at St. Paul on the second ThurRday in September. Tne annual report for 1894-95 was published in full in V.61, p. 922, 930. See also editorial, p. 895. The following taoles shows (1) earnings of the lines leased from St. Paul Minneapolis & Manitoba Co., (2) the Gt. Northern income account, (3) the earnings of the Eastern of Minnesota, Montana Central, etc. (1.) OPERATIONS ST. PAUL 1\IINNEAPOLIS & MANITOBA, (W. cl: S. F. and D. W. cl: P. not included.) Year end. June 30. 1895. 1894. 1893. Av. miles operated. 3.766 Passenger earng's. $1,854,822 Freight earnings ... 10,365,032 Mail,exp.,r'nts,&c. 890,086 3,765 $1,810,330 8,762,984 772,043 3,352 $2,145,293 10,522,805 854,483 1892. 2,865 $2,028,949 9,720,486 854,693 Tot. grossearns .. $13,109,940 $11,345,357 $13,522,581 $12,604,128 Malnt. of way, &o . . $1,909,313 $1,767,447 $2,107,413 $2,243,543 Mai~t. of cars ... - •• ( 950,937 855,635 1,045,419 5 2,623101 • 859350 Motive power .....• 5 < Transportation..... 3,556,699 3,219,172 3,473,277 1,541,454 Ueneral... .•• . .. . •• . 729,513 646,525 709,308 505,876 Taxes............... 459,216 411,943 375,554 367,551 Total expenses.$7,605,678 $6,900,722 $7,710,971 $7,500,849 Net earnings ...•• • . $5,504,262 $4,444,635 $5,811,610 $5,103,279· P.o. of exp. &taxes. 58·01 60·82 57·02 59·51 (2) GREAT NORTHERN RAILROAD INCOME ACCOUNT, 1893. Year ending Jitne 30. 1895. 1894. $5,811,610 Net earns . St. P. M. & Man ...• $5,504,262 $4,444,634 244,040 lnterest on bonds owned...... 113,917 133,197 70,136 Dividends on -stocks owned.... 731,631 1,084,608 191,518 Rentals of leased lines......... 228,640 236,134 256,688 Interest and exchange......... 21,912 248,099 92,830 Bills receivable................. fi3,655 109,807 163,339 Other income . .. . .• . . . . . . .•. . . • 158,081 179,671 Total receipts .............. $6,Rl2,098 Paid rental St. P. M. & Man.. 5,372,590 Great Northern dividends ...• (5)1,250,000 Miscellaneous . . . . . . . . . . . • . . . . . . $6,436,150 5,312,655 (5)1,187,500 40,150 $6,830,161 4,647,149 (5)1,000,000 682 Balance .................••.... sur. $189,508 def.$104,155 sr.$1,182,330 (3) EASTERN MINNESOTA, 1\IONTANA CENTRAL, ETC. Year end. June 30,'95. Gross. Net. Fixedcha1·ges. Balance. Eastern Minnesota ... $1,498,447 $816,077 $321,402 $494,675 Montana Central. .... 1,550,890 519,131 498,600 20,531 MinneapoliR Union .. . 304,562 249,677 161,500 88, 177 Willmar & Sioux Falls 355,801 123,166 181,250 def.58,084 The net earnings here include " other income,'' wJ?-ioh fo1; East'3rn Minn., was $128,622; for Mont. Cent., $18,917; for Mlilil. Umon, $595; for Willmar & Sioux F., $248. -(V. 58, p. 2ti3: V. 59, p. 152,191,651, 1125, 1140, 1143; V. 60, p. 480,656,835,836; v. 61, p. 27, 241, 367, 517, 558, 703, 869, 895, 9~2. 925, 930, 1108; v. 62, p . .39.) Green Bay Winona &: St. Paul.-Road owned from Green Bay, Wis .. to Marshland, Wis.. 209 miles; branches, 13 miles: trackage to Winona, 4 miles; total, 225 miles, of which in March, 1893, 172 miles were steel. Also leases the Kewaunee Green Bay & Western RR .. Kewaune~ to Green Bay, 39 miles. COMMITTEES.-For .ttrst consols, w. J. Hunt, M. T. Cox and c. L . Blair. For stock and incomes, John I. Waterbury, Edwin S. Hooley, of Rolstont Bas~ & Co., and Mayer Lehman, with Henry Tuckerman, Secretary, aepositary Manhattan Trust Co., N. Y., V. 60, p. 480. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . ~ MAP OF THE GREAT NORTHERN RAIL W.A. Y SYSTEM. z ~ UJ ~ 0 ~ ~ UJ ~ ·~ ! Harney o ~ HarnevL. casummer Lake t I i V A D A i i I -< 0 C"' t"' ~ 1-1 ~ JANUARY, 1896, j RAILROAD STOCKS AND BONDS 63 !iilub•crlb ers will c o nfer a t(rea t favo r b y glvln~ Imme dia t e notice of' a ny error disco vered In the•e Table8. Bonds-Prln INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or .A.mount Rate per When Where Payable, and by pal,When Due. Par of For explanation of column headings, &c., see notes of Stocks-Last Outstanding Road. Bonds Value. Cent. Payable on first page of tables. Whom. Dividend. 6utf Western Texas ti Pacific-Stock .•.....••....•.. 1st mortgage ($20,000, ~er mile) gold ..•.•........ Hancock <I Oalumet-Stoc · .......................... Consol. M. ($400,000) 01d, redeemable at 105 ... Hannibal ti St. Joseph- ,ommon .....•••..•.... , .... 8 Preferred ........•............................•..... Consol. mortgage, now 1st mortgage ..•...•.... c• Funding notes ..................................... Ha1-r,,st>. Portsm'th Mt. J°fi ti Lanc.-Stock,7p. c.gu. 1st mortgage (ext'd in 883), guar.p.&i.Pa. RR.. r Hartford & Oonnecticut Western-Stock ........•.... 1st mortgage .....................•....•...••....... Hibernia Mine RR.-Stock .......................... Hoosac Tunnel ti lVilmington.-Bonds, $250,000 .. Housatonic-See NEW y ORK NEW HAVEN & HARTF Hot Sp1-ings-Stock, $1,000,000, authorized........ 1st mortga~, $500,000, gold .......•........... c* Houst.East ti est Texas-1st M. ($20,000 p.m.) ,g.c&r Houst. ti Tex. Oent. RR.-Common stock ..•..••..•.. State of Texas J'.rior lien on first 75 miles ........ 1st M.l.gr.,g.,re .110,int.gu.end., $8,634,000.c*&r Cons.M.,ld.gr.• gold,red.at 110, int.guar.,end.c*&r Gen. mort.• gol ,int. Woar. bySo.Pac.,end ... c"&r Debent,, p. and i. gu. o. Pac., end. See text.1•*&r Debent., p. and yu. So. Pac., end. See text.c*&r Hud. Sus. Bridge& .JiJ. Ry.-lstM.$10,000,000.c*&r Huntingdon <I Broaa Top-Common stock ..••••...• Preferred stock, 7 Ker cent, non-cumulative ...... 1st mort., extende in 1890 (int. only in gold) ... 2d mort., old 7s, extended in 1895, P - & i., gold). 3d mortgage, consol., ext. in gold in 1895 ...... c* Car trusts (on Dec. 31, 1894) ...................... I llinois Oentral-Stock .......•..••......••...•..•.... --....- - - - $ ...... ·-·- 111 1891 ·2·2 isoi .... issi 1894 is5s isss .... ··-· .... 292 .... 54 54 109 109 414 2412 ORD. ·22 192 ·-..;r, 453 453 453 .... -··· ---67 67 67 67 67 .... .. ioo 1,000 100 100 1.000 10,000 50 500 &c. 100 1,000 100 1,000 1892 isos 1893 ··- 1870 1890 1890 1890 1890 1890 1888 ---- is54 1857 1865 . ... 100 1,000 1,000 100 i:ooo 1,000 1,000 1,000 1,000 1,000 50 50 500 500 1,000 ····-- $500,000 2,220,000 350,000 330,000 9,168,700 5,083,024 8,000,000 50,000 1,182,550 700,000 2,701,700 700,000 200.000 250,000 ·--:fg. --. .... . ......... N. Y., Mills Building. New York City. N. Y., Third Nat. Bank. Boston Office. do N.Y.,Bk.ofNo . .A.merica. Dec:. i°.. .i941 600,000 9 Mch,'95 492,000 5 g. J. & J. Mer. L. & Tr. Co., Chic. 3,840,000 5 g. M.&N. New York. 10,000,000 ...6.. ····See text. ..... Houston, Texa8. 7,383,000 5 g. J. \ J. N. Y., Central Trust Co. 3,466,000 6 g. A. & 0. do do 4,298,000 do do g. A. & 0. 705,420 A.. & 0. do do 411,000 4 A. & 0. do do 1,266,000 fi ft. F. & A. In default. 1,371,750 See text. J. & J. Phil.Of.,4th&WalnutSt. 2,000,000 7 per an. J. ' & J. do do 416,000 4 g. A. & 0. do do 367,500 4 ft. F. & A. do do 1,497,000 5 g. A. & 0. do do 776,000 ....... See text. See text. M:·&·· 8. NAwYork:2i-1::s•dwA.y. Melt. 27, 1895 ,Tuly 1, 1933 May 1, 1933 J. & D. See text. 5 t,r. .J. ..&:". J. See text. Dec'ber. See text. Dec'ber. 6 M.& S. 6 7 per an. J. . ·&:. J. 4 J. & J. 2 per an. F&.A..31 5 J. & J. 6 per an. A. & 0. 5 M.& S. t (1) ,Tan. l, 1931 Dec. 31, 1894 Dec. 31, 1894 Mch. 1, 1911 Mar. 1, 1911 Phila.,Company'sOfflce Jan., 189t> do do July 1, 1913 Hartford. Feb.29,1896 do July 1, 1903 See Central of N. J. Oct., 1895 Bost.,Old Colony Tr.Co. Sept. 1, 1922 .i:ruitiaiiy. July 1, 1937 Oct. 1, 1912 Apr. 1, 1921 Oct. 1, 1897 Oct. 1, 1897 Feb. 1. 1938 Jan.30,1896 Jan 30,1896 Sept. 30, 1920 Feh. 1. 1921') Mch. 31, 1925 100 Ma1::z:·1R96 -•-· -·· SALE.-Foreclosure sale is advertised for Feb. 18, 1896, at Green \ B0NDS.-The bonds are being gradually reduced with proceeds o Bay, Wis. V. 62, p. 138. land sales. The first mortgage was for $8,634,000, of which $570 000 REORGANIZATION PL,N.- In September, 1895, the two committees· reserved.against claim of State of Texas upon 75 miles of the road. entered into an agreement for the foreclosure of first and consol. mort- Balance issued, but.reduced to present figure by land sales. gages and forniation or a n e w company, which shall issue @ass "A" The South.er~ Pacific Company guarantees interest on all the bonds non-ciimulative income debentures, $600,000; Class "B" non-cumulative and both prmmpal all;d interest of tlle debentures, . . The first mortgage inconie debentures, $7,000,000; capital stock, $2,500,000. See details b_onds and the_consolidattd mortgage bonds may be called for redemp• or plan and basis of exchanue of old securities in V. 61, p. 471. In Octo- tion at 11~ with proceeds of land sales. See full.abstracts of all.the b er, 1895, this plan was tJeclared operative. V. 61, p. 749. mortgagesm V. f?2, p. 242. Ofthe$:i,068,000comml1dated 6s authorized . . $1,149,000 (not mcluded in the amount out.~tanding above)'are held as EARNI~os.-For year endm? June. 30, 1895, gross, $386,800 , net, part security for the general mort~age 4s. Trustee of general mortgage ~!9,218 , . charg_es, $126,314, deflmt, _$76,096. In l893-!:J4, gross, iFO Metropolitan Trust Co. of N. Y. There are $13,000 Union Depot bonds. ~396,538, net,_it\61,~36. (V •. 59, P• 19l, V. ~u, _p. 301, 391,432, 4 80, The debentures have interest but not principal payable in gold. 656, 711, 1104, V. tn, p. 366,471,558,749, 9:.!5, V. 6 2 , p. 40, l38.) June 30,189 l, currentliabilitieq were $825,909 current assets $414,• Greene K K.- Owns road from Chenango Forks to Greene, N. Y.• 840; State of Texas claims $411,935 due Texas school fund. 8 miles. Leased to Delaware Lack. W. for term of charter for 6 per cent EARNINGS.-For year ending June 30, 1895, re.port to Inter-St.ate on stock and interest on bonds. Capital stock, $200,000; par, $10. Commerce Commission shows: Gross earninirs, $4,029,102, ae:ainst GulfB e a umont & K a n sas City K y . -Organized in 1893 to build $3,337,166 i:'1 1893-94; net income, $1,437 .475, a1,rainst $1,125,313; a road from Beaumont, Tex .. through the pine lands and stone quarries total deductions, $892,787. against $916,713 (including interest on to a point in the northern part ot Jasper County. Tex., about 75 miles. bonds, $812,750; taxes, $70,409; miscellaneous, $33,554); balance, In June, 1895, 61 miles from Beaumont to Kirbyville, were in opera- surplus for year, $544,688, against ~208,600. tion. Capital stock authorized and issued $500,000; par, $100. First Years ending June 301894. 1893. 1892. mortgage is for $750,000 gold bonds. Equipment trusts June 30, 1894, P assenger, mail, etc·-··--...... $907,402 $1,003,437 $982,183 $34,020. General office, Beaumont. Tex. Freight .....••.......•...•..•..•. 2,448,180 3,185,873 2,788,247 Hancock & Cal u m et.-Owns narrow-gauge road from Hancock to Fulton, Mich., 19 miles; branches, 11 miles; total, 30 miles. Total gross earnings ..... ....••. $3,355,!'i82 $4,189,310 $3,770,430 Stock, $350,000; par $100-of which $250,000 is owned by Miner11l Operating expenses ...•...•...•. 2,214,799 2,737,768 2,647,937 Range RR. Co.-which Ree. Two dividends, 212 p. c. each, for year 1893 were paid on June 30, 1894, and in July, 1894, 212 per cent; since (1). Net earnings ..•...•..•.••...•••• $1,140,783 $1,451,542 $1,122,493 In year ending June 30, 1895, gross. $191.437; net, $90,536; interest For year 1893-94 interest charge, $812,750, and taxes, $21,532; dividends, $35,000; balance, surplus, $34,004. In -(V. 59, p. 1058; V. 60, p. 748,835. 1893·94, gross, $195,053; net, $78,162. . Hannibal & St. J o 8eph. - Owns from Hannibal, Mo., to St· Hunti n g d o n & B ro a d Top Mt. RR. & Coal Co.- Owns from Joseph, .Mo., 206 miles; branches-Cameron to Kansas City, 53 miles ; Huntingdon, Pa., to .~ount Dallas, Pa., 45 miles; branches, 22 miles. Bt. Joseph to Atchison,Kan., 20miles; Palmyra to Quincy, ID., 13 milesi DIVIDENDS on preferred-In 1884, 112 per cent; in 1887, 2: in 1888 101:u,es, 3 miles ; total operated, 295 miles. Owns bridge at Kansas Citv· and 1889, 5 yearly; in 1890, 512; in 1891, and to Jan. 30, 1896, at 7 p. c. BTOCK.-Chlc. Burl. & Quincy RR. owns $14,244,900 stock. Preferre yearlv .. On common stock in '91, 2 p. c.; i~ '92. 4: in '93, 5 p. c.; in '94, stock has prior right, to a. non-cumulative dividend of 7 per cent; then 5 p. c.; m '95, Jan., 212 p. c.; July, 2 p. c.; m 1896, Jan., 2 p. c. common to 7: then both share. DIVIDENDs.-On preferred stock in 1890 .ANNUAL REPORT.-Report for 1894 in V. 60, p. 346. Bills payable nearly 2 per cent; In 1891 6·82 per cent; m 1892, 7 per cent on pre• ferred and 7 10 p. c. on common: in 1893, 7 p. c. pref. and 23 0 p. c. com- Jan. 1, 1895, $30,000. Inter.-st charges for 1895 will be $109,905. mon; in 1894, 7 p. c. pref. and 22 10 common; in 1895, none . . Gross. Net. 0th. income. Inte1·est. Div-id'nds. Balance. INCOME ACCOUNTS b.ave shown surplus for dividends : In 1894, 1894 ... $580,718 $312,779 $1,032 $117,635 $207,678 def.$11,502 $592,558; ln 1893, $646,871; in 1892, $422,052; jn 1891, $409,780. 1893 . . . 703,607 369,419 3,184 117,568 208,142 sur.46,893 Harri s burg P ortsD1outh Mount J or & Lanc a s t e r.-Owns -(V. 58, p. 344; V. 59, p. 968, 1058; V. 60, p. 177, 346.) from Dillerville, Pa., to Harrisburg, Pa., 36 rmles; branch Middletown, Illinois CentraJ .-(See Map.)-ROAD.-Operates from Chicago, Pa., to Columbi~ Pa., 18 miles; total operated, 54 miles. Leased to the Pennsylvania R.H:. Co. for 999 years from January 1, 1861, the rental Ill.. southerly to New Orleans, La., 912 miles, and westerly to Sioux being 7 per cent on the stock and interest on the bonds, taxes and ex- City, Ia., 509 miles, with numerous branches. Its road, clearly shown on the accompanying map, is made up as follows: (,rwhich see.) penses of organization. Stock, $1,182,550; par $50. Road owned ·infee. Mites. Yazoo & Mississippi Val. RR. H art ford & Conn ect icut W est ern.-Owns from Hartford, Memphis tu N. O. and brs.. 923 Conn., to Rhinecliff', N. Y., 109 miles. Reorganized in 1881 and in 1888 Chicago to Cairo, ill .. {Main} 365 Branches................. . ...• 819 a controlling interest in the stock was v.urchased by parties interested in Centralia,m., to East stem Dubuque, Ia . . . . . . . · 341 -the Poughkeepsie Bridge. Leased till August, 1939, to the Phila• Entire stock owned. Total owned June 30, '95.3,095 delphia Reading & New England [now Lehigh & New England RR.], Chicago St. L. & N. 0. RR. Leased.-Oontrol owned. the rental paying charges and 2 per cent per annum on the stock. Cairo, Ill., to New Orlea!)-S. 5471 Dubuque & Sioux City ,r..... 600 There are $30,500 Conn. Western RR. 7 per cent bonds, due 1900, con-vertible into stock at 60 per cent. Of the stock $1,390,000 is owned by Mero., Ten., to Grenada,M1ss. 100 ' rotal oper. June 30', '95 . 3,695 the lessee and pledged under its mortgage. No-rE.-On June 30, 1895, the company reported 2,888 miles inHibernia Mine KR . - Owns from Rockaway, N. J., to Hibernia Mines, N. J ., 4 14 m. Leased to Cent. of N. J. in 1890 for $12,000 per an. cluded iu earnings, but th\s does not include 807 miles of Yazoo & Miss. Val. (in 923 miles above \ earns. ou which are reported separately below. H ouston East& West Texas K y.- Owns from Houston, Texas, HISTORY, LEASES, &c.-Chartered in December, 1850, and organized to Sabine River at Logansport, 192 miles. Standard 1?auged July 29, U!94. Operates the Houston & Shreveport RR., Logansport to Shreve- in March, 1851. The company pays to the State 7 per c11nt of ~ross earnings yearly in lieu of taxes. The Chicago St. Loms & New Orleans port, 40 miles. Total operated 232 miles. is leased for 400 years from July 1, 1882, at 4 per cent per am1um on Hrs-roaY.-This railroad is the successor in 1893 of the railway of its $10,000,000 stock deposited to secure the leased line stock. the same name sold in foreclosure Aug. 2, 1892. In 1892 practically all the stock and bonds of the Louisv. New Orleans EARNINGS.-2 ~o~ths, 51895 .. .... . : .. ~oss, $80,007; net, $1~,553 & TexaR (807 miles), were acquired for $5,000,000 in cash and July 1 to Au,,,. 31. { 1894 .......... gross, 58.811; ,net, ln,896 $20,000,000 in <l per cent bonds, and the company then merged in the ANNUAL REPOR'f.-Report for the year ending June 30. 189:i, was in Yazoo & Mississippi Valley, making 923 miles, as above. ln 1887 the V. 61, p. 151, showing gross earnings, $569,553; net. $226,883; interes Illinois Central acquired the stocks of the leased lines in Iowa. In charges, $208,863: balance sm·plus, $18.020. In 1893-94 gros,i, $442,· December, 1893, control of the C. 0. & S. W. was acquired. 281: net, $167,092. (V. 59, p. 234; V. 60, p. 43:L, 606, 711; V. 61, CAPITAL STOCK.-The leased line stock is secured by deposit of p.161.) $10,000,000 Chicago St. Louis & New Orleans stock, and in case o:t Ho u•ton & Texas Cent ral Railroad.-(See Map of Southe1·n default for sixty days m the payment of any semi-annual dividend of 2 Pacific)-Owns .l'rom Houston, Texas, to Denison, Texas, 338 miles ; per cent the Rtockholrler is entitled to his share of the stock pledged. On November 26, 1895. stockholders votecl to isRue $10,000,000 adHempstead, Texas, to Austin, Texas, 115 miles; total owned, 453 miles. Also operates Fort Worth & New Orleans Ry., Garrett to Fort Worth, ditional Rtock (makin!!' the total stock $60,000,000) to present stock41 miles; Central Texas&N. W., 12 m.; Austin & N. W., 102; other,4m. holders at par. The proceeds will meet the cost of Chesapeake Ohio & Southwestern Flf'Curities purchased, improvements on the Lake front HISTORY.-Successor April 11, 1893, to a railway company fore- at Chicago of about $1,200,000 and $1,800,000 is for other purposes. closed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820. · Payment for the new 1o1hares to be: 10 pn cent therP-of on Dec. 16, STOCK.-Stock of old company was assesst1d $71 40 per share. (See 1895; 15 p. c. Dec. 31, 189:>: 25 n . c. Jan. 31, 1896; 25 p. c. Feb. 28, v. 51, p. 493.) 1896, and the remaining 25 -p. c. March 31, 1896. (V. 61, p. 558, 966. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUPPLEMENT 68 [Vor.. LXII. Subscrlber8 will coater a great f'avor by giving IJDm.edlate notice or any error dl8covered In these Table•• Bonds-Prinot INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rate per When Where Payable, antl by pal,When Par of Stocks-Last For explanation of column beadings, &c., see notes of Whom. Dividend. Road. Bonds Value. Outstanding Cent. Payable on first page of tables. --- lllinois Oentral-(Ooncluded)Leased line 4 lier cent stock, guar. (see remarks.) lot mort. o bd,, old 6s ext. in 1895 1 8 7 4 f or Ster1. of '03, £10,000 dr'n yrl.c* $15,000,000 Sterling bonds, due 1905 ... .... secures all 4s of 1 86, due 1951, gold .... c* equally..... 312s of 1886, due 1951,jold .. c* Trustbondssterl.(securedbyCh.St.L.& .O.cons.) 1st M., ~ring. Div. (Gilman to Sp.),$2,00~000.c ii"i 1st M., iddle Div.,Otto to Norman June. brs .r 131 Collateral trust bonds, gold,$ .... ........ .. .... c* 854 Cairo Bridge bonds, gold (see remarks) .... c* &r .. Col. trust. $25,000,000, gold,onL. N. O. & T .. c*&r 798 Col. trust of 1904, gold,C.O.& o.W.(seetext) . c*&r Western lines, 1st M., gold (see text) ..... .... c*&r i42 Notes due 1896 (for C. O. & S. W. lsts, &c.) .... Chic. St. Louis & N. 0., 1st M, (prior lien in Tenn.) 567 1st mortgal-{e, Cairo, 111., to N. O.,La. and branch 567 2d mortgage ...... . .................. . ........ . ... 567 Consol. mort. ($18,000,000), gold (see text).c*&r 567 Memphis Div. 1st M., gold, iruar. p. & i. (end.) .c• 100 Indiana Decatur~ Weljt.-lst M., ~.,red.at 110.c* 152 Indiana Illinois ~ Iowa-lstM., gofo, red. at par .. c* 118 1st and 2d inc.Ms. ($250,000 each) 4 p.c.non•cum.r 118 1st Ext. M. <$500,000) gold, red. at 105 ........ c" 35 Indiana "Illinois Scmthern-See ST. LOUIS INDIAN APOLI Indianapolis Un -lstm., g,, s. f. not subj.to call.c* ·--Lndianapolisll Vincennes-lstM.,~ar.p.&i. (end.)c 133 2d M.,guaranteedp. &i.Penn.R .Co. (end.) . ... o 133 rterling l j 7~~{ $100 $10,000,000 4 per an. J. & J. New York, 214 B'dway. Jan., 1896 4 g. A. & 0. £200 2,493,000 London. Apr. 1, 1951 1874 £200 5 g. A. & 0. London,Morton,R.& Co. Apr. 1, 1903 3,450,000 1875 £200 1,000,000 5 g. J. & D. do do Dec. 1, 1905 1886 1,000 4 g. J. & J. New York, 214 B'dway. Jan. 1, 1951 1,500,000 1886 1,000 2,499,000 do do 312 g. J. & J. Jan. 1, 1951 1886 £200 5,266,000 31 g. J. & J. London, Barini Bros. July 1, 1950 1877 1,000 1,600,000 J. & J. New York, 214 'dway. Jan. 1, 1898 1881 1,000 F. & A. do do Aug. 1, 1921 968,000 5 1888 500 &c. 15,000,000 4 g. A. & 0. Apr. 1, 1952 do do 1,000 4 g. J. & D. 1890 Dec. 1, 1950 3,000.000 do do 1892 500 &c. 24,679,000 4 g. M.&N. do Nov. 1, 1953 do 1894 1,000 4 g. J . & J. 4,737,000 do do Jan. 1, 1904 1894 1,000 3,550,000 4 g. F. & A . Aug. 1, 1951 do fl.o 5,000,000 3 34 M: ·&--N. Nov. ..1,..i897 539,000 do do 7 1877 1,000 M.&N. 828,000 do Nov. 1. 1897 do 7 1877 80,0(0 J. & D. do do Dec. 1, 1907 6 1,000 11,281,000 1881 5 g. J15&D15 do do June 15, 1951 1889 1,000 4 g. J. & D. 3,500,000 Dec. 1, 1951 do do 1895 1,000 New York City. ·Jan. 1, 1935 1,824,000 5 g. J. & J. 1889 1,000 4 g. Y., Metropol. Tr. Co. N. 800,000 J. & D . Dec. 1, 1939 1889 500 457,500 do do Dec. 1, 1939 4 A. & 0. 1893 1 ,000 500,000 5 g. M.& 8. do Mar. 1, 1943 do s&E.A. STERNe 4lgg, M.&N. Pbila., Fidelity Trust. May 1, 1926 1886 1,000 955,000 1867 1,000 1,700,000 7 .F. & A. N. Y.,Farm.L.&Tr.Co. Feb. 1, 1908 1870 1,000 1,401,000 M.&N. do do May 1, 1900 6 i875 i877 i:<>oo IMilesYear ending June 30operated. ................. . DIVIDENDS. ~ 1885. '86. '87. '88. '89. '90. '91 to Mar. '96,incl. Commonstock. S 8 p.c. 712 7 7 512 6 5 p. o. yearly. BoNDs.-Oafro bridge bonds are secured by deposit of a like amount o:r Uhioago St. Louis & New Orleans 1st m. Cairo Bridg:e 5s. The rental for the bridge is $180,000 in gold annually, of which $30,000 goes to a contingent and sinking fund till 1902, then $20,000 to regular sinking fund. Bee adv. in CHRONICLE, May 7, 1892. The trust bonds of 1886•are secured by deposit of $5,266,000 Chicago et. L. & N. o. console of '81, and are to be included in any new mortg. The collateral trust bonds of 1952 are secured by pledge with the U. 8. Trnst Co. of New York of $16,350,000 5 per cent 1st mortgage gold bonds subsidiary railroads covering 854 miles. See list, V. 55, p. 550. The .$ 25,000,000 collate1·al trttst bonds of 1953 were issued on pledge of the Louisv. N. 0. & Texas securities purchased in 1892. Trustee of deed, U. 8. Trust Company. $318,000 L. N. 0. & T. 1st mortgage and $30,000 land grant income bonds were unexcbanged and outstanding June 30, 1895. See advertisement CHRONICLE, June 11, 1892, and 54, p. 964; V. 61, p. 112. The IDinois Central cottate1·al trust bonds of IQ04, (United States Trust Co., Trustee.) were authorized to a total of $12,750,000 to acquire the Chesapeake Ohio & Southwestern syi-tem. They are redeemable at the company's option ori January 1, 1896, or on any coupon day th~re· after. T.t>ere are $4,737,000 secured by real estate and by sundry 11ecurities or the Chesapeake & Ohio S. W. system, including the follow~ of the Chfsapeake Ohio & S. W. itself: 2d mtge. 6s, $2,775,000 and $673,950 overdue coupons thereon; equipment trust bonds $470,000 and $106,020 ov"rdue coupons thereon; $3,511,600 preferred and $5,714,200 com.me.,~ stock and $1,783,544 floating debt. Of the remain• d.er authorized, $6,2tO,OOO can be issued hereafter ouly on deposit of a llke amount of Cbosa-:peake Ohio & Southweoternjirsts, and $1,500,000 is reserved to take up adclitional Chesapeake Ohio & 8. W. 2nds; Owens• boro Falls of Rongh & GTeen R. firsts, etc. See V. 59, p. 559. In Decem• ber, 1894, the Illinois C~ntral pnrchased $5,982,000 of the $6,176,000 issue of C. 0. & 8. W. firsts for $6,889,699. To purchase these bonds notes for $7,000,000 at 3~ per cent was nel-{otiated, of which $2,000,· 000 were paid in January, 1896. These notes are secured by about $7,250,00U of" first mortgage bonds." ln Se pt., l8ij5, all but about $100,000 C. O. & 8. W. flrstfl a nd over 90 per cent of the seconds were owned or controlled. (V. 59, p. 1006; V . 61, p. 561.) For the Ohicago St. Louis ct N,:,w Orleans the lessee guarantees the principal and interest of all the outstanding bonds prior to the 5 per cent bonds, and by an endorsement on the latter bonds guarantees the payment of the interest on the same until the principal is paid. Of these consol. 5s $5,t66,000 additional to the amount outstanding above are pleged as security for the Illinois Central truRt bonds of 1886. Tl:e Western Lines loan of 1894 is for $10,000,000, but only the $3,550,000 now outstanding can be issued upon the road from Du• buque to Iowa Falls, 142 miles, at preRent under the mortgage. The bonds are direllt obligations of the Illinois Central, but are secured by a first mortgage g iven by the Dubuque & Sioux City on the portion of its road above named, which forms a part of the Illinois Central's main line in Iowa. The uub1sued bonds can be sold only as follows: $1,875,000 when the Cedar Falls & Minnesota RR. (See that Co.) shall be conveyed to the trustee free a nd clear of encumbrances, and the r e• maining $4,575,000 only when the road from Iowa Falls to Sioux City, 184 miles, now subject to $2,800,000 of Iowa Falls & Sioux City bonds due in 1917, shall be similarly transferred to the trustee without any encumbrance. Trustee, United States Trust Co. Sinking fund, $46,733 yearly, but bonds cannot be called. V. 59, p. 919. GENERAL FlNANCEf'l.-BillR payable were July 1, 1895, $1,801,470· Between Dec. 16, 1895, and Marrb 31, 1896, the company receives $10,000,000 from the sii,le of Rtook mentioned above; $:L,500,000 was to have been paid by Jan. 1, 1896. Presidf'nt Fi8ll, in a circular dated .Jan. 11, 1896, calls attention to the increase in the grofls earnings for the six monthR ending Dec. 31, 1895, of about $1,436,000 and in net of $1,187,000 (DPcember esti· mated1, and says: '' Even 1f our confident expectation or increased earnings rluring the remainder of the year should fail, we already have from traffic a sufficient gain to pay, more tban twice over, the 5 per cent dividend on the $10,000,000 of frePh capital recently authorized. The interest on the funded debt has bf'len reduced by the P.Ktension, at 4 per cent, of the £500,000 of 6 per cent bonds which matured April 1, 1895, and by the usual payment of £ 10,000 or 5 per cent bonds through thf'I sinking fund. On the otber hand we have collected in cash some $800,000 of Interest, which bas been accumulating for eight years, on the Cedar Falls & Minnesota bondfl, purchased laRt year, as well as a full year's interest on the first mortgage bonds of the Chesa· peake Ohio & Southwes tern RR. Co. In anticipation of the maturity of the $7,000,090 loan contracted in 1895, we. bave alreafly paid $2,000,000, leavm~ outi,tandmg $5,000,0CO, agamst which we hold some $7,250,000 or first mortgage bonds y ielding an income of over $450,000 per annum"-see V. 62, p. 138 . EARNINGS-6 months, 5 1895 .. . gross, ,T$1 l,265,000; net, ,i $4,055,000 July 1 to D ec. 31. t 1894 . . . gross, 9,828,006; net, 2,867,559 of v: 1895. 1894. 1893. 2,888 2,888 2,888 $5,151,398 $6,116,603 Pas~enger ea_rnings. -.......... . $3,908,348 12,821,211 12,253,612 12,781,201 Freight earmngs ......... . - . ..• . 2,287,249 2,162,591 Mail, express & miscellaneous. 2,327,435 ----Total earnings .....•...•.•.. $19,056,994 $20,657,464 $20,095,190 Operating expenses .....•....... 13,268,531 14,369,416 14,283,934 P. ct. op. expen. to gross earns. 69·63 69·56 71 ·08 Net earnings ...............•.... $5,788,463 Net receipts from interest, &c. 1,519,409 Miscellaneous. . ................. 123,033 $6,288,048 1,865,325 41,120 $5,~U,256 1,259,586 66,906 Total receipts ............... $7,430,905 [nterest on ill. Central bonds . . $2,757,845 [nt.onChic.St.L.&N.O. bonds. 1,217,840 Rental Dub. & Sioux City RR.. 471,379 Dividends on Ill. Central stock 2,500,000 Dividends on Leased Line stock 400,000 Miscellaneous................... 80,925 $8,194,493 $2,665,265 1,217,840 867,148 2,500,000 400,000 80,965 $7,137,748 $2,077,425 1,217,840 732,914 · 2,500,000 400,000 80,910 Balance........................ . Sur. $2,916 Sur.$4G3,275 Sur.$128,659 YAZOO & MISSISSIPPI V .A.LLEY.-Results on 807 miles : Yea1·- Gross. Vet. Otlte1· inc. *Interest, etc. Bril. sur. 1891·95 ... $3,331,335 $951,068 $4,555 $693,722 $261,901 1893·94 . . . 3,338,860 969,399 4,230 754,495 219,134 " Includes loss on sale of securities, $3,200 in 1894-5 and $59,500 in 1893·4.-V. 59, p. 556; V. 61. p. 561. -( V. 59, p. 290, 535, 550, 555, 919, 1006; V. 60, p. 391,480, 79-t, 928, 1058; V. 61, p. 112, 324, 538, 553,558,560,749,966, 1065, 1154; v. 62, p. 138.) Indiana Decatur & '\Ve8tern Ky.-Indianapolis, Ind., to De• oatur, Ill., 152 miles. HrsTORY.-Orl(anized by bondholders' committee in 1894 to succeed IndianapoliF! Springfield & Western, sold under foreclosure of old In• dianapolis Decatur & Springfield first mortgage of 1876. STOCK AND BONDS.-In December, 1895, $912,000 common and $912,· 000 preferred had been issued, all of which had been sold to Cincinnati Hamilton & Dayton interests. see V. 61, p. 1064. The first mortga~e of 1895 is authorized at $12,000 per mile for additional road bmlt or acquired; the bonds are redeemable by lot at 110, at any time on eight weeks notice; mortga,:;-e trustee, Central Trust Co., N. Y., and Augustus L. Mason of Indiana. LATEST EARNINGS.-5 mos. l 1895 .. Gross, $215,985; net, $70,861 July 1 to Nov. 30. 5 1894 . . Gross, 216,266; net, 78,873 ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894·95 was in V. 61, p. 1061, showing earnings as follows: Yra1·s nut June 30. Gross. Op. exp. Net. Taxes. Balance. 1894-95 ............ $478,134 $305,837 $172,297 $32,976 $139,321 1893·94 ..... ....... 387,565 317,746 69,S18 33,853 35,964 1892·93 ..... ....... 50-!,929 357,711 147,218 33,827 113,390 OFFICERS.-(Elected in December, 1895): President, M. D. Wood• ford; Vice•President, Henry F. Shoemaker.-(V. 60, p. 82, 432; V. 61, p. 112, 794, 1013, I 063 , 1064.) Indiana Illinois & Iowa KR.-Owns from Streator Junction, Il1., oo Knox, Ind., 118 miles; Knox: to South Bend, Ind., 35 miles; trackage (Wabash Railway) into Streator, 1·70 miles; (Ch. & W. M.) La Crosse, Ind., to New Buffalo, Mich., 38: (Chio. & E. ill.) Wheatfield to La Crosse, Ind., 13; (Kan. & Sen. RR.) Kankakee to Seneca, ill., 38 miles; total of all, 209 miles. Extension to South Bend, Ind., opened in December, 1894. SECURITIES.-Stock, $3,597,800; par, $100. Equipment notes June 30, 1895, $84,368. l'he 1st and 2d incomes, as well as the 1st 4s, are subject to call at par and interest after 30 days' notice. The 5 per cents ,~t 1893 are a first ruortgage from Knox to South Bend ([nd. Ill. & Iowa Railway Co.), and a consolidated ruortgage on main line. EARNINGS.-11months,51895 . ... .... gTOSS, $703,068; net, $210,757 Jan. 1 to Nov. 30. <1894 ........ gross, 649,527; net, 141,055 EARNINGS.- In year ending June 30, 1895, gross $739,618; net, $177,630. Interest, taxes and rentals, $102,388; bala,nce, surplus, :l-75,242. In 1893· 94. g ross, $752,951; net, $145,914. President, F. M. Drake, Chicago, Ill.: Vice·President, Geo. H. Holt, 11 Wall Street, N. Y.-(V. 59, p. 1104; V. 60, p. 562, 748.) Indlanapoltl!I Unlon.-Owns 3 miles of track with terminals at fn• dianapolis, Ind., and leases for 999 years the Belt RR. of Indianapoll·, whioh see-consisting of 1212 miles of road e-.circling the c~ty, etc. Formed in 1850 and furnishes terminal facilities to the sev•c,ra1 railroads enterin~ Indianapolis. STOCK-The ·c1eveland Cincinnati Chicago & St. Loms, the Pittsburg Cincinnati C~ica.go & St. Lou.is and the Terre Haute & Indianapolis are virtual proprietors, they ha~ing in vested in it $860,000 to June 30, 1894. No stock outstanding. BONDS. ,r Month of December, 1895, is estimated.-see V. 62, p. 138. -Trustee of mortgage is the Fidelity Ins. Trust & Safe Deposit Co. of ANNUAL REPORT,-Fiscal year ends June 30. Annual meetmg is held Philadelphia. Bonds for $35,000 have been canceled by sinkin~ fund. at Chicagothe second Wednesday in October. Reportforl894•95 was For yflar endin11; June 30, 1895, gross, $504,860; net, $223,590; other published at length in V. 61, p. 538, 553, 558. The following does not income, $16,534; charges, $158,188; balance, surplus, $81,936. In include Yazoo &.MissiRsippi Valley-which see below. 1893·94, net, $191,607. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis JANUARY, 1896,] https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD tn'OC.K.S AND BONDS. 67 INVESTORS' SUPPLEMENT. [VOL. LXII. ~obscrlber11 -will confer a e:reat favor by giving Immediate notlC'e of" any error dbcovered In these Table•• RAILROADS. INTEREST OR DIVIDENDS. .Hmuts-.Pnuo1 Date Size, or Amount - - - - - - - - - - - - - - - - - pal,WhenDue. of of Par Outstanding Rate per When Where Payable, and by Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend. - - - - - - - - - - - - - - - - - - - - - 1 Miles Por explanation of column headings, &o., see notes on first page of tables. International cl: Great N orthern-lst mort., gold .... Certificates of indebt. sec. by lstm. coupons, gold. Purchase mont)y 2d mort. incomes, non-cum . . .• . 2d M: gold, int. 4¼ p.o. till slir.'97, then 5 p.o .. o* 3d m. (£3,000,000) moome t· Sept, 1, 1897, g .. o" Colora o Bridge bonds, sinking tund .......... _••. Io•na 0ent.-Common stock, $11,000,000 a uth ...•. Preferred stock, $7,400,000, 5 p. c., non-cum .... 1st M., for $7,650,000; $15,000 per mile, gold .. c": Keithsburg Bridge 1st mortgage, gold, guar. _.. c * lrQ11, Railway-Stock ....... .......................... --776 - -1879 $.300&0. 776 776 776 776 ...... ---· Various 500 &o. 500 &o. 500 &c. 1,000 100 .... 100 1,000 1,000 1885 100 1892 1879 1881 1892 1880 isss isoi5 1880 , i:ooo 1,000 1890 503 ·20 ·54 J111Jk, Lou. cl: St. L.-R• ceivers' certs., $29,463 au .. Jacksonville Southeastern 1st mortgage, .. _. . .... J. L. & St. L. cons. M., gold, guar. p.&i., end ... . _,... 112 .l<M:kson'Ditle Tampu cl: Key West-Receiver's certns. 1893 1st, gold, redeemable at 110 .................... o~ 130½ 1884 Atlantic Coast St. Johns & Indian R. lst M.,gold . c 37 1886 Sanford & Lake Eustis 1st M. ($350,000), gold ... 29 1886 .T. T. & K. W. consol. mortgage for $4,00u,0000 .. 200 1890 Equipment bonds, series B, Dec. 1, 1895 ..... . ... '88-'89 Jackson'Dille 1.'cr. Rt-1st M., $500,000, g., uar .c* --·· 1894 Jef@erson-lst &2d s,ext. in '87&'89 (H'da eBr.)c 8 1867 st M. Carbondale to S. depot, i£ld, guar. p. & i .. c* 37 1889 Joliet cl: Northern Indiana-1st . gu. p. & i. M. C.c 45 1877 Junction (PhitadetphwJ-lst m.,guar.p.&i.(ext'd). 3·56 1882 2d mortgage, Xuaranteed prin. & int .............. 3·56 1865 Kanawha cl: Mic .-Stock, $10,000,000 authorized . let mortgage, $15,000 per mile,,rnld,~ar. p.& i. o• 165 Kansas City ti: .Atlantic-1st M., $2,50 ,000, gold .. ...... 1893 Second mortgage, $1,800,000, currency ...... _... 1893 Kansas 0ity Belt-1st ($534,000 gu. K.C.F.S.&M.).c* ."io 1886 1 ------- isifo ···--- 1,000 1,000 1,000 1,000 500 1,000 1,000 1,000 1,000 1,000 1,000 100 1,000 ...... i:ooo I Indlanapolls & Vlncennes.-Owns from Indianapolis, Ind., to Vincennes, Ind., 117 miles; branches, Bushrod to Dugger, etc., 16 miles. 8ECURITIES.-Connecting line for Penn. RR. to Vincennes. Stock, $1,402,000; par, $50; of wWch Pennsylvania Company on Jan. 1 1895, owned $1,401,900. The Penn. RR. Co. guarantees by endorse• ment on each the prinC1ipal and interest of the bonds. EARNINGS.-Cn 1894 gross, $484,315; net, $96,865; deficit under charges, $109,658. (n 1893 gross, $520,903 ; net, $99,414; deticit under charges, $103,704, against $94,566 in 1892. International & Great Northern.-Owns Longview, Texas, to Laredo, Texas, 496 miles; and Palestine, Texas, to Houston, Texas, l 50 miles: branches-Houston & Columbia, 50 miles; Phelps to Huntsville, 7 miles; Mineola to Troupe, 44 miles; leases-Round Rock to Georgetown, 10 miles; Henderson to Overton, 16 miles; Galveston Houst. & Rend., Galveston to Houston, 50 miles (used jointly with M. K. & T : since December, 1895. See V. 61, p 1013); total, 825 miles. ORGANIZATION.-Reorganized without foreclosure in 1892 under plan in V. 54, p. 203, 366. In 1892 the M. K. & T. disposed of its interest in the stock t-0 Mr. Gould. (See V. fiO, p. 313; V. 54, p. 366.) STOCK-Stock authorized is $25,000,000; outstanding, $9,755,000; par, $100; controlled in interest of Missouri Pacific as statEld·abo-ve. ,· BONDS.-In the reorganization the first 6s wert' unchanged. The •eeond mortgage interest was scaled to 4¼ per cent from Sept. 1, 1891, until and including Sept. 1, 1897 ; thereafter it will be 5 per cent ; but in case of default the rate reverts to 6 per cent as formerly. Second mort~age bonds are reserve rt to take up the $83,000 old incomes. The third mortgave 4 per cent bonds for $3,000,000, until after dept. 1, 1897, draw mterest only if earned. non-cumulative. s.-.. provision respecting payment of interest in V. 56, p. 82. There is also outstw.nding fractional bond scrip (in Nov., 1895,) for $35,887. The eertificates of indebtedness are seeured by first mortgage coupons held in trust and are payable $124,742 each Nov. 1. On June 30, 1894, current liabilities were $855,R67; current assets, $696,481. Traffic c.o ntract made in December, 1895, witll M. K. & T. provides 1or payment by the Int. & Gt. Nor. and M. K. & T. of $100,000 yearly to trustee or Gal. H. & H. mortgage to meet lntere1<t and for $24,000 additional for other purposes. Int. & Gt. Nor. now owns 4,999 shares of G. H. & H. stock. See V. 61, p. 1013, 1064. EARNINGS.-ln 1895 groRs on 825 miles, including Galv. H. & H., were $3,813,938, a~airn,t $3,790,368 in 1894.. For years ending June 30, on 775 miles (G. H. & H. not included): Gross. Net. Othe1· inc. 0ha1·ges. Balance. 1894-95 .... $3,491,653 $1,125,263 $14,261 $508,969 sur. $280,555 1893-94 .... 3,107,763 738,3l7 39 863,000 def. $124,644 1892·93 . ... 3,965,355 1,312,048 ........ 1,036,798 sur. 275,250 -(V. 59, p. 920, 1141; V. 60, p. 1058; V. 61, p. 1013, 1064.) Io-wa CentraJ.-Operates from Peoria, Ill., westerly to Oskaloosa, Ia., thence northerly to Manly Junction, Ia., and branches, 498 miles. OwnsMiles. .LeasesMiles, Iowa J"unc., Ill., to Miss. River. 89 Keithsburg Bridge over Miss .. 212 Miss. River to Oskaloosa, Ia . . 95 Trackage, Iowa Junction to Oskaloos11 to Manly Junction .. 154 Peoria ......................... 312 Branches to Albia, etc ... _...... 165 Total of all ................................. 509 Tota.I owned .................. 503 or which operated only 498 Burl. Cedar R. & No. leases Manly Juno. to Northwood, 11 miles. HISTORY.-R•-organiz&.tion (by plan in V. 44, p. 653) of the Central Iowa sold in foreclosure in 18~7-88. CAPITAL 8TOCK.-The preferred is entitled to 5 per cent (non·cumu lative), then common to 5, then botb share pro rata. DIVIDENDS.-On preferred stock in 1892 paid 1 per cent; none since. BONDS, ETC.-Trustee of first mortga~f', Mercantile Trust Co. See abstract V. 49, p. 582. In February, 1892, $400,000 five per cents of 1888 were issued for new equipment and improvements. On July 1, 1895, $185,975 bills payable were outstanding, agst. $244,940 in 1894. :EABNINGS.-5 months, ? 1895 ........ gross, $786,942; net, $309,460 July 1 to Nov. 30. ~ 1894 ........ gross, 711,798; net, 245,253 ANNUAL REPORT.-Fiscal year ends June 30; report for 1894 -95 was in V. 61, p. 467. Soft coal tonnage in year 189 d-95 was 671,757 tons, being 58·6 per cent of the total tonnage; in li:93-94, 701,518 tons; in 1892-93, 765,811 tons. Year ending June 30. 1895. 1894. 1893. Av'ge miles of road operated. 498 498 498 Gross earnings ................ $1,569,221 $1,811,567 $1,942,564 Net earnings (over taxes).... 458,434 55~,367 509,036 (69·51) Per ct. ex. to earnings . ....... (70·78l 173·79) Total net rec'ts (incl. rentals) 473,185 566,792 523,317 Interest, rentals, &c.... .•.... 378,347 ~88,283 392,686 Balance, surplus.... . . . ... $94.~38 $178,509 $130,631 01 the ·surplus for 1895 $24,876 was applied to construction. President, Russell ~age. (V. 57, p. 592; V. 59, p. 513; V. 61, p. 46'1,) Sack8onvll)P Louisville & St. Louls.-Owns Jacksonville to Centralia, Ill., 112 miles. May 16, 1894, 8. R. Wheeler was appointed receiver. (V. 58, p. 815.) Receiver's certificates for $29,463 were authorized in March, 1895.-V. 60, p. 522. See committee, etc., V. 61, p.750. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 g. $7,954,000 5 g. 249,484 .... .. 3,000 7,051,000 4¼ to5 g. 4 g. 2,692,500 7 201,000 s,~n7,357 5,545,251 see.ieit. 5 g. 6,327,370 591,000 6 g. 600,000 See text. 29.463 300,000· ·-·6·· 1,380,000 5 g. 116,300 1,566,000 6 g. 360,000 6 g. 290,000 1,784,000 6 8,000 6 5 g. 500,000 300,000 4¼ & 6 5 g. 2,800,000 800,000 7 425,000 4¼ 300.000 6 9,000,000 ···4·g. 2,469,000 500,000 6 g. 1,800,000 6 1,950,000 6 ...6.g. M. & M. & M.& M. & M. & M. & N. N. S. S. 8. N. N.Y.,offlce, 195 B'way. Nov. 1, 1919 N. Y., Central Trust Co. Nov.1, '96-'97 Sept. 1, 1909 N, Y., office, 195 B'way. Sept. 1, 1909 See remarks. Sept. 1, 1921 N.Y., office, 195 B'way. May 1, 1920 ::::: :::::::::: J. & D. N. Y.,MercantileTr. Co. J. & D. N. Y., Central Trust Co. yearly. Boston. see·feii: Apr.:ii",.i892 June 1, 1938 ,Tune 1, 1925 July 10, 1891 J_. .&.. J. Juii·1,-·i910 J. & J .•Tan., '93, coup. last pd. Jan. 1, 1940 J.· .&.. J. Jan., ,95:·paidjl11y, '95. M. & 8. Mar.. '94, coup. last pd. M. & 8. Sept., '94, coup. last pd. M. & S. No coupons paid. .. . .. NY .. Mer'tileTrust Co. J. & J. See Metropolitan Trust. J. & J. PWla., Fidelity Tr. Uo. A. & 0. N. Y., Erie RR. J. & J.N.Y.,Farm.L.&Tr.Co. J. & J. Phlla., 233 So. 4th St. A. & 0. do do Jan. 1, 1906 Sept. 1, 1916 1940 $4,000 semi-a. July 1, 1939 Jan. 1, 1927 Jan. 1, 1909 Julyl0,1907 July 1, 1907 Apr. 1, 1900 A:·&··o. N. Y., Central Tr. Co. J. & J. Boston,Mass.Loan&Tr. A. & 0. do do J. & J. Boston, Of., 50 State St. Apr:·1,--i990 July 1, 1913 July 1, 1913 July 1, 1916 . Jall: ·1;·i91, Sack11onvllle St. Aug, _& Ind. Hlver.-See FLA. E. COAST RY. .Jacksonvllle Tampa & Key West,-Line of road Jacksonville, Fla., to Sanford, 125 miles ; Enterprise branch. 4 mile11 ; Deland branch, 6 miles; Atlantic Coast St Johns & Indian River, Enterprise to Titusville, 37 miles; Sanford & Lak~ Eustis Div., Sanford to Tavares, 29 miles; total J. T. & K. W., 200 miles. RECEIVERSmP, ETc.-Receiver appointed Aug. 4, 1892. Receivers are now Joseph H. Durkee and R. B. Cable. The land grant was about 1,500,000 acres. The Florida Southern collateral loan (series A and B, $3,673,000) went to default and the collateral was sold by the trustee Feb. 28, 1895, the road [247 miles] being now operated in the Plant sy8tem. See Savannah Florida & Western. SALE,-Foreclosure sale under consol. mortbage of 1890 has been ordered and is expected to take place by Marob, 1896. Consols for only $1,376,500 are recognized as valid. See V. 62, p. 40. RECEIVERS' CERTU'ICA.TES to the total amount or $215,00() have bef'n authorized. In July, 1895, $116,300 had been issued. Current liauili ties Juue 30, 1894, $101,306. FIRST MORTGA<rn BONDHOLDERS' COMMITTEE, ETC.-Wintbrop Smith Chairman, 517 Che8tnut ,St., Phila.; .. H. A. Du Pont, Alfred S. Elliott, H~nry N. Paul. In,.November, 1895, it was announced that a majority of t,he firsts liad been deposited. The first mortgage tnte1 est due Jan. 1895, was paid in July, 1895, at Mercantile Trust Co., New York. STnCK-Stock July 1, 1892, was $3,010,000, of which tt 1tt said the Florida Construction Co. owns $2,715,300. EARNINGS.-11 months, l 1895 ......... gross, $358,781; net, $2!l,808 Jan. 1 to Nov. 30. 5 1894......... gross, 714,196; net, 267,144 ANNUAL REPORT.-Earnings for year ending March 31: Gross. Net. Other inc. *0hat·gc~. Balance. 1894-95 .... $668,782 $200,428 $1,778 $230,271 def. $28,065 1893-94 .... 766,328 263,137 1,248 294;757 def. 30,372 * Charges include taxes and accrued interest for year; for details of vayments by receiver see V. 61, p. 194. -(V. 57, p. 217, 341; V. 58, p. 127; V. 59, p. 27,423, 1007; V. 60, p. 177,219,391,606, 1145; V. 61, p. 194,871; V. 62, p. 40.) .Tac:k11onviJle Ter1nlnal Ky.-OwnR union ireight and passenger depots [the latter opened Feb. 1, 1895,] and terminal properties at J -➔ cksonvill~. Fla., including, 20 miles of track, used by Savannah Florida & Western, Florida Central & Peninsular and Jacksonvtlle St Augustine & Indian River (now Florida East Coast Ry.), which com panies guarantee by endorsement the princiyal and interest of above bonds. Property is also used by Jacksonville Tampa & Key West. Jeff'erson.-Owns from Lanesboro, Pa., to Carbondale, Pa., 37 miles double track; branch, Hawley, Pa., to Honesdale, Pa., 8 miles. Leased in perpetuity to the Erie RR. Co. for $140,000 per annum for main line and $14,940 for branch. Used by Delaware & Hud son to reach Carbondale. Stock, $2,096,050; all owned by Erie RR. Joliet & Nort).J.ern Indlana.-Owns from Joliet, Ill., to Lake Atlation,·Ind., 45 miles. Operated•as part of the Michigan Gentral ,,sys tern. Road opened in 1854 and leased to the Michigan Central. Stock ($300,000, par $100) carries dividends o1 8 per cent per annum. .Junction (Phlladelphla).-Owns from Belmont Pa., to Gray's Ferry1 Pa., about 4 miles. It connects the Pennsylvairta, the Philadel phia & Reading and the Philadelphia Wilmington&Baltimorerailroads, coming into PhiladelpLia, which three companies jointly guarantee principal and interest of bonds. Stock $250,000 (par $50), is all held by these threeoos., andpaysdividendsoffrom 20to50percent per annum -in 1891 40 p. c., in 1892 35 p. o., in 1893 30 p. c.; in 1894, 15 p. c. Kana-wha & Mlchlgan.-(SeeMap Toledo <t Ohio 0entral.J-Owns Corning, 0., to Gauley on the Ches. & Ohio, 172 miles, less 17 miles Pomeroy to Gallipolis, and 1 mile, Athens to Armitage, where C. H. V&. & T. tracks are used. Also owns branch of 11 miles leased to Toledo Ohio Central and Col. Shawnee & Hocking Ry. HISTORY, ETc.-Reor~anization in April, 1890, of the Kanawha. & Ohio Railway sold in foreclosure. (V. 50, p. 451, 483.) In Oct., 1890, a large interest in the stock waP acquired by parties interested in the Toledo & Ohio Central, which has guaranteed the bonds, principal and interest. (See V. 52, p. 16f-. 351.) The first mortgage bonds are authorized st $15,000 per mile of road actually constructed. LATEST EARNINGS-5 months, 5 1895, gross, $201,787; net, $50,358. July 1 to Nov. 30. ( 1894, IITOSS, 178,332; net, 50,845. ANNUAL STATEl\lENT.-Fisoal year ends June 30. In year 1894-t)[> gross, $407,825 ; net, $83,888; o'ther income, $12,800; interest, rentals etc., $113,274; balanct', deficit, for year, $16,586. In 1893-94 gross including other income, $366,356. IV. 57, p. ~2. 62.) Kan-as City & Atlantic KK.-Road from North Kansas City to Smithville, etc., Kan., 26 miles. A reorganization in 1893 of the Kan sas City Bridg~ & Terminal and Chicago Kansa& •City & rr-exas ciompanies, wllich ·see in V. 55, p. 1034: V. 56, p. 246. Stock authoriz'ed $8,000,000, outstanding June 30, 1894, $200,000; bonds outstanding $2,300,000; current liabilities, $48,079. Trustee of mortgages is Mass L. & T. Co., Boston. l<'or year ending June 30, 1895, gross, $19,757; deficit under operat., $3,344, agst. $6,129 in 1893-94; charges, $31,052 Kansas City Belt.-From Argentine to Valley of Blue River, 10 miles. Mortgage is for $2,500 000. Stock authorized $2,500 000 (par https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 70 INVESTORS' SUPPLEMENT. LVOL. LXII. Subscribers will confer a great f'avor by giving hnrnedlate notice of' any error discovered In these Tables. BondB-Prinoi .RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or pal,When Due. Amount For explanation of column headings, &c., see notes of of Par Outstanding Rate fer When Where P~ble, and by Stocks-Last on first page of tables. Road. Bonds Value. Cen . · Payable om. Dividend. --- Kcinsas Oity Olinton cl Spring.- -lst M., g., guar .. c* 174 1885 $1,000 $3,192,000 5 g. A.. & o. Boston, Merch. Nat. Bk. Oct. 1, 1925 7 g. A. & O. Pleasan~ Hill & De Soto 1st ~ortga{e, gold .... _. -·-· 1877 500 58,000 do do Oct., 1907 Kansas Oi:f Ft. Scott cl Memphis-Stoc ........•.•.. . .. .... 100 9,997,000 See text. F. & A. Boston, Of., 50 State St. Feb.16,1891 Preferre stock contracts, 8 per cent ..........•.. 100 2,750,000 Bee text. F. & A. do do Feb. 15,1893 K. C. F. 8. & G. 1st M., l'd. gr.,s. f., dr'n at 110. c* i60 isfa 100 &o. 2,197,000 7 J. & JJ. Bost., Nat. Webster Bk. June 1, 1908 Ft. Scott So'eastern & M .. 1st M., dr'wn at 105.c* 103 1880 1,000 M. & 8. 571,000 7 do do Sept. 1, 1910 Rich Hill RR. 1st M., drawn at 105 ............. c* 7 1,000 M.& ·S. 28 1880 57,000 do Sept. 1, 1910 do Short Creek & Joplin 1st M., drawn at 105 ..... c* M. &;r S. 22 1880 1,000 94,000 7 do do Sept. 1, 1910 Memphis K. & Col. 1st M. (see text) ............ c* 1,000 492,000 M.& s. 50 1884 7 do do Sept. 1, 1910 Kansas & Missouri RR. 1st mortgage .. .. "* 1,000 390,000 F. & A. 26 1882 5 do do Aug. 1, 1922 K. C. Ft. s. & G. Ten-year coupon notes ........ 85&86 5,000&o 5"00,000 Various Boston, Of., 50 State St. Var. 1895-96 6 1,000 67i 1888 12,334,000 6 M.&N. Consol. mort~ie ($25,000 per mile) not dr'n .. o* Bost., Nat. Webster Bk. May 1, 1928 Current Riv. . 1st mort., $20,000 p. m., guar. 1,000 81 1887 1,606,000 5 A. & 0. Boston, Nat. Union Bk. Oct. 1, 1927 Kan. C.& M. R'y &B'd~lstM.g.,s.f.,dr'natllO.c* .... 1889 1,000 5 g. A. & O. N.Y., Un. Tr. Co. &Bost. Oct. 1, 1929 3,000,000 1889 1,000 Kansas Equi Co. _1st . guar. 1 s. f., red. at 110; 761,000 5 J. & J. Bost., Nat.Webster Bk. Jan. 1, 1905 ]Can. 0. Memp 1 . <I Bir.-Gen.M., $4,500,000, our .c 1894 500 &o. 3,168,630 See text. M. & 8. Boston, Old Col. Tr. Co. Moh. 1, 1934 Income, non-cumulative. $7,000,000, cur ...... c" 1894 500 &c. Sept. 1 6,337,260 5 Moh. 1, 1934 BirminJhamequipment M.,g.,gu. (red. at 110) .. c* 1888 1,000 6 g. M.& 8. Boston,OldCol'nyTr.Co Moh. 1, 1903 1,000,000 Memp s Equipment Co., guar., red. at 110 ..•.. o* .... 1890 1,000 F. & A. 189,000 6 Boston Office. Aug. 1, 1905 Kan. Oity Nort11-western-Mort., fold. See text .. c* 1894 500 &c. See text. 5 g. J. & J. New York. Jan. 1, 1933 Kansas Oity <I Pacijtc-lstM., god, int. gu.(end.).c' ii5 1890 1,000 2,500,000 4 g. F. & A. N. Y., Office, 4.5 Wall St. Aug. 1, 1990 Kan. 0. Pitts. <I Gulf.-lst mort., gold, inc. 4 yrs.c* 1893 1,000 5 g. A. & O. 8,275,000 See text. Apr. 1, 1923 K. 0. St. Jo.cl Ooun.Bl.-Con. M. (Nos. 1 to 500 pf.)c* 274 1877 100 &c. 5,000,000 J. & • J. Boston, 2d Nat'l Bank. Jan. 1, 1907 7 1st Ms.Nod.and Tark. Val. RRs. s.f. (dr.atlOO).c* 61 1880 1,000 503,000 J. & D. 7 do do June 1, 1920 Funding notes ... ............. . .................... 1893 480,000 J. & J. Jan., 1907 ··ioo 4,750,000 see·ieit. Kan. Oity Sul>urban Belt-Stock .................•.. ---· . ......... June 1, 1894. 1st mortgage, gold........................ .. ...... <' ·so i890 1,000 6 g. J.--&·:o. Phila., Union Trust Co. June 1, 1920 1,000,000 Consol. Terminal Ry. of K. C., 1st M., gold..... c* 5 g. F. & A. Phila. of., 400 Chestnut Feb. 1, 1922 1892 1,000 750,000 Union Ter. RR. Co.1st M. ($2,000,000) g. guar . c* ·10 1893 1,000 5 g. F. & A. 1,300,000 do do Feb. 1, 1923 51.g 1892 5 g. M.& 8. Phil.,Prov. Life&Trust Moh. 1, 1922 Kansas City & Indep. Air Line 1st M., jold .. c&r 300,000 1.000 K. O.Sub. Belt(Oon.J-K.C.&I.A.L.2d M. ( 200,000) 51.g 1893 (1) ........ ........ -------------····--· f.' ------· ---· ---· ---------- $100); outstanding ljll00,000 (par $100); owned one-half by Atchison Topeka & Santa Fe and three-tenths by Kansas City Fort Scott & Memphis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked and used for a terminal road at Kansas City. The mortgage is for $2,500,000. EARNINGS.-Year ending June 30, 1895, gross, $238,741; net, $149,132; charges, $127,909; balance, surplus, $21,223. In 1893-94 gross $230,302; net, $150,100. Kansas Olty Ollnton & Sprlngffeld.-Owns from Cedar Junction, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant Hill, Mo., 10 miles; total, 174·miles, but only 163 miles operated. STOCKS, ETc.-Built in interest of Kansas City Fort Scott & Memphis RR., which guarantees the bonds. Stock authorized, $2,500,000; par, $100; issued, $1,775,400, of which one-half is owned by the Kansas Oity Fort Scott & Memphis RR.; due that Co. July 1, 1895, $455,000. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894-5 in V. 61, p. 1010, showed gross earnings, $414,328 ; net, $175,185; interest, $163,597; balance, surplus, $11,588. In 1893-94 gross, $338,529; net, $129,102.-(V. 59, p. 878 ; V. 61, p. 1 O IO. Kansas Olty Fort Scott & 1'.lernpll.ls.-Owns main hne from Kansas City, Mo., to Memphis, Tenn., 485 miles, with branches, 186 miles; total owned, 671 miles; Current River RR., Willow Springs, Mo., to Grandin, 81 m.; Aurora Division (acquired in June, 1895), 35 miles; total, 787 miles. Owns one-half capital stock of K. C. Clinton & Spring:fteld and of K. C. Memphis & Birmingham RR. (see those companies.; also 300 shares Kan. City Belt and $942,000 Current River. ORG.ANIZATION.-Formed in April, 1888, by consolidation of the Kan. C. Ft. Scott & Gulf and Kansas City Springfield & Memphis railroads. DIVIDENDS.-On 5 year, 1886, 1887, 1888, 1889, 1890, 1891, none ,ommon since '85, ( p. c., 4, 41.g, 31.g, 3, 312, 1, since. On preferred 5 year, 1881, 1882 to 1890, 1891, 1892, 1893, none eince 1880, l p. c., 812, 8, yearly. 4, 8, 5, since. .BoNDs.-Underthe consolidated mortgage (trustee New England Trust Company of Boston) sufficient bonds are reserved to provide for all prior bonds when due. The Oiirrent River RR. bonds are guaranteed. See V. 44, p. 246. The Kansas Oity cf: Memphis Railway cf: Bridge bonds are guaranteed by endorsement as to principal and interest and are subject to sinking fund drawin~s, $9,000 bonds yearly at 110. See V. 54, p. 410, 965. The Kansas Equipment bonds are guaranteed, and the issue is redeemable as a whole at any time at 110 and interest, and is entitled to an annual atnking fund of $12,000, for which the bonds may be purchased but cannot be drawn. Also guarantees $534,000 Kansas Oily Belt and $3,192,000 Kansas Oity Olinton cf: Springfield bonds-see those co.'s. LATEST E.ARNINGS.-Including K. c. o. & s. and Current River. From July 1 to Nov. 30, 5 months: 5 months- Gross. Net. Oharges. Bal., surp. 1895 ....... $2,019,606 $642,212 $577,206 $65,006 1894..... .. 2,014,163 638,441 556,178 82,263 GENERAL FINANCES.-On June 30, 1895, bills payable were $954,905, but since that date to November, $545,000 or-these had been provided for by sale of consol. 6s. K. C. Ft. S. & Gulf ten-year notes for $270,000 fell due in December, 1895, and January, 1896. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894-95 was in v. 61, p. 868. The earnings below are on 671 miles owned. , Year end. June 30. 1895. 1894. 1893. 1892. Gross earnings .......• $3,985,635 $4,406,740 $5,111,152 $4,991,278 Net earnings ...•...... $1,191,489 $1,269,187 $1,308,217 $1,356,603 Interest and miscell.. 1,099,278 1,125,841 1,104,606 1,111,644 Surplus···· ····· ·-·· Dividends paid..... . .. $92,211 -$92,211 -Bal. over dividend.. $143,346 ____ $203,611 137,490 $244,959 219,984 ----$24,975 $143,346 $66,121 Deficits paid on Current River RR. and Kansas City Clinton & Springfield RR. In 1892·93 $n3.596; in 1893-94 $75,113. (V. 59, p. 87'7; v. 60, p. 301; V. 61, p. 27, 279, 8'68.) Kansas Olty Memphis & Blrrningharn.-Owns from MemphiE to Birmingham, Ala., 253 miles, and branches to Aberdeen, Miss., and Bessemer, Ala., 23 miles; total, 277 miles; completed in October, 1887. STOCK, TRAFFIC GUARANTY, ETC.-The stock is $5,956,000; par, $100. The Kansas City Fort Scott & Memphis owns half the stock and ctves a traffic guarantee of 10 per cent of gross earnings derived from bnRineRR to and from this road, to be applied to interest. In 1894 tile company was reorganized under plan of December, 1893.-(See V. 57, p. 938.) BoNDS.-The general mortgage bonds are dated March 1 , 1894, with interest at 2 p. c. In 18!-14-5; 3 p. c. 2d year (1895-6); and 4 p. c. thereafter; Sept. '95 and Nov. '96, coupons each 112 p. c. Over 95 per cent of the old bonds assented. The equipment loans are guaranteed and are redeemable on notice. LATEST EARNINGS.-From July 1 to Nov. 30 (5 months): 5 months. Gross. Net. Oha1·ges. Balance. 1895..... .. ••. .. $518,444 $100,171 $69,337 sur. $30,834 1894.... ........ 442,478 76,758 56,145 sur. 20,613 ANNuAL REPORT.-Report for fiscal year ending June 30, 1395, was in V. 61, p. !:t23, anrt stated that since the reorganization the earn- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ings of the road have been more than sufficient to provide for the interest upon the new mortgage bonds. Earnings have been as follows. Per cent of operating expenses to earnings in 1894-95 was 84·2 against 83·1 in 1893-4. Year. Gross. Net. Othe1· Inc. Interest. Bal. Sur. 1894-5 ...•. $1,035,605 $163,027 $24,660 $145,314 $42,3731893-4 ...•. 1,077,847 182,040 30,793 133,212 79,621 -(V. 58, p. 716; V. 59, p. 291; V. 60, p. 302 ; V. 61, p. 92 ll. Kansas Olty Northwestern RK.-Road Kansas Cj_ty to Vir• ginia,, Neb., 162 miles, of which Seneca to Axtell, 11 miles, and South Leavenworth to Leavenworth, 1 mile, are trackage, and 20 miles, Summerfield to Virginia. are owned by Kansas City & Beatr10e, which was foreclosed in May, 1894. Branches, i2 miles. Total, 174 miles. A reorganization of the K. C. Wyandotte & N. W., foreolosed Jan. 5, 1894. STOCK.-Stook authorized and outstanding $3,500,000; par $100. BONDS.-Mort~age for $3,500,000 (Mercantile Trust Co., N. Y., trustee) is,med m July, 1894. Of the bonds, $900,000 are series "A," " preferred" as to principal and interest, and are redeemable after 5 years at 105: proceeds were used to pay purchase price, etc. Balance of issue for betterments. Road belongs to Mo. Pac. V. 59, p. 152. · EARNINGS.-ln year ending June 30, 1895, on 153 miles (K. C. & B. not being included) were gross, $264,796; net. $27,286; other income, $3,149; charges, $65,996; balance, deficit, $35,561. In 1893-4 gross, $351,129 ; net, $58,693 ; interest, $24,250; r .. ceiver's liabilities assumed, $14,643: reorganization expenses, $507: balance, deficit for year, $35,560. In 1893·94 gross, $308,945; net, $10,117. Kansas City Plttsbur~ & Gulf'.-(See Map.J-Projected from Kansas City to Sabine Pass on Gulf of Mexico, 769 miles. In operation January, 1896, Kansas City to Sallislaw, Indian Ter., 291 miles, and Horatio to Texarkana, 48 miles; total, 339 miles. Extension south from Texarkana to Shreveport, 71 miles, will be completed in February. HrSTORY.-Chartered in 1887 as Kansas City Nevada & Ft. Smith. Name chanll,'ed to present title in Jan., 1893. In Nov., 1894, the Texarkana & Ft. Smith was merll,'ed. Completed from Hume to Siloam Springs in 1893. Contract let to Arkansas Construction Co. (capital, $5,500,000 authorized) for construction to Shreveport, La., from whence the K. C. Shreveport & Gulf (chartered in Sept., 1894,) will build to Sabine Pass on Gulf of Mexico. V. 59, p. 651. 'l'he Kansas City Terminal Construction Co. was organized in 1895 to build the K. C. Shreveport & Gulf, Construction stock, $3,000,000; par, $100. Congress has granted right of way in Indian Territory. The construction companies get $25,000 per mile of bonds and a like amount or stock o:f the railroad company, and have interest in town sites and subsidies. Stock authorized($20,000,0001,$25,000perm.; par$100.-V. 61,p. 794. BONDS.-First mortgage gold bonds at $25 .000 permileof main track were authorized m April, 1893, interest on which until April, 1897 will be payable only 11 earned, but on April, 1895 coupon, $10 was paid. Mortgage covers equipment. Mlssourl Kansas & Texas Trust Co., of Kansas City, Mo., and the State Trust Co., o~ N. Y., trustees. Phlladel phia Stock Exch. reports $8,275,000 firsts listed to Jan., 1896, against. $7,025.000 in October, 1895. EARNINGs.-For year 1895 grosR earnings show an increasf¼ or $108,000. In year 1894 gross $390,121; net, $169,239; rentals, etc. (not including bond interest), $61,319; balance, surplus for year, $107,920. N. Y. office. 36 Wall Street. (V. 59, p. 6:">l, 879; V. 60, p. 480, 795, 835,. 873; v. 61, p. 324,794, 1064, 1107, 1155.) Kansai!! Olty St. Joseph & Oouucil Bluff"s.-(See Map Ohicago Burlington dl Qiiincy,)-Owns from Kanc1as City to Council Bluffs, 197 miles, brancb.es 58 miles,proprietary lines (Nodawav Valley and Tarkio Valley railrPads), 61 miles; total operated, 316 miles. The capital stock (includi, ,g Nodaway & Tarkio Valley) Dec. 31, 1894, $5,988,574. Stock for $5,262,600 was purchased by the Chicago Burlington & Quincy in 1880, and the road is operated as part of that system. Consols. Nos. 1 to 500, both inclusive, have a prior lien. DIVIDENDS.-In 1893, Dec., 8·65 p. c.; 1894, Dec., 8 p. c. EARNINGS.-In year ending Dec. 31, 1894, gross earnings were $1,998,246; net, $881,982; other income; $13,593; interest and rentals, $451,205: dividend (8 p. c.). $421,056; balance, surplus for year. $23,314. In 1893, gross, $2,019,008; net, $869,118. Kansas Olty Suburban Belt.-(See Map.J-ROAD-Extends from Second Street and Broadway around Kansas City, vi1.1, the East Bottoms and the valley of the Blue and Brush Creek, providing terminal facilities for the railroads oenterin$ at Kansa~ City, and furnishes quick transit from the manufacturmg suburbs along the Blue Valley. By connection with Umon Terminal RR., in Kansas City, Kansas, this road also reaches the West Bottoms by a system of viaducts, and here makes direct connection with every road entering Kansas City from northwest, west and southwest. ORGANIZATION.-In 1892 consolidated with the Consol. Terminal Ry Co., and in January, 1893, bought the entire capital stock of the Kansas City & Independence Air Line Company. (V. 55, p. 995.) Capital stock ls $4,750,000, all of which has been issued. Dividend of 2 per cent in stock was paid Nov. 1, 1893, and 2 p. c. in stock in May, 1894. Trustee o! the Suburban Belt mortgage ls the Missouri Kansas & Texas Trust Co .• of Kansas City. . ~ CITY -- :n A z0 ~ A ~ tl.J ~ 0 0 E-4 C1.J Q cq 0 ~ ~ ,....., i.... KANSAS CITY SUBURBAN BELT R. R. KANSAS CITY & INDEPENDENCE AIR LINE ~.q ~HE UNION TERMINAL RAILROAD. ~ D z <11 ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .A.ND Showing Topography and Railroad Entrances of the City. INVESTORS' SUPPLEMENT. [VOL. LXII. Sub8crlber8 -will confer a great Cavor by giving lmm.edlate notice oC any error dl•eovered In these Tables. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prtnof - - - - - - - - - - - - - - - - - - - - - , Miles Date Size, or Amount ,- - - - - - - - - - - - - - - - - pal,WhenDue. For explanation of column headings, &c., see notef! of of Par Outstanding Rate per When Where Payable, and by Stocks-Laet on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. -------------- ----- - - ---- - - -----,-------1----------1-----1890 $&£ $1,967,400 5 g. J. & J. Interest pay'le by check Kansas Oity Walkins<f Gulf-lstmort., gold ..... c* .llwrnel & Black Hills-1st mortgage ............... Kentuc y~IndianaBridge-Receivers' certificates 100 66 ---- 1st mortgage, gold... . . . . ......................... .... 2d ma~age, gold .... _...•......................... .... Term.in bonds, gold............................... New Albandl Belt & Term. RR. 1st M. end., gold .. ···2 KtntuckyMi l'd-1 stM., $25,000p.m.,red. atpar.c* 40 Kentucky Unwn--See LEXINGTON & EAS'l'ERN. Keokuk~ Des Mo.-Preferred stock, 8 per cent .•.. 162 1st mortr,ge, interest guar. C. R. I. & P .....••.. o* 162 Keokuk fl estern--Common stock ........... _...... 148 Kewaunee Green Bay & Western-1st mort~age ... o Kinaerhook & Hudson--lst mort., gold, $3 5,000.. 17 JCl,ngs Oounty Elevated-See STREET RAILWAY Su PPLEM Aingston ti Pembroke-1st M.,gold,(redem. at 105). 113 l(nozv. Oum. Gap & Louisville-13EE TEXT. Knozv. & Ohio-lat mort., gold, guar. by rent. o*&r 66 Lak l!.rie ~ Western--Com~ stock, $20,000 per mile 725 Pref· stock, 6 per cent mot cum.) ($20,000 p. m.). 725 1st ,1.ortgage, ($10,000 per mile) gold .......... o* 725 2d wort., for $3,625,000 ($5,000 per mile) gold.c 725 Lake Roland Elevated (Baltimore)-See STR~,ET RAIL Lake Shore & Michigan Southern-Stock .........•.. u-uar. 10 per cent stock (Mich. So. & No. Ind.) ... Buffalo &Erie lstm. (Buffalo,N.Y.,toErie,Pa.).c Lake Shore div. bonds (Buffalo to Toledo, 0.) .... o 258 Consol. 1st mort.sink.fund $250,000 dcearly .o&r 859 Consol. 2d mort. (for $25,000,000), o ...... o&r 859 Detroit Monroe & Toledo 1st mortgage, guar.. . c 62 Kalamazo & White Pigeon 1st mort. guar....... c 37 Bat. Cr. & Stur. 1st M., g.,gnar. p. & 1.(see M.Cen.) 41 0 1890 $1,000 1894 ...... 1881 ...... 1889 1886 1890 1888 ...... ----·- i:ooo i878 isih 1889 ENT. 1882 1885 .... iss7 1891 WAY 8 ---· ··-· ·ss i868 1869 1870 1873 1876 1890 1889 100 100 &c. 100 1,000 ...... 572,000 1,000 100 100 1,000 1,000 UPPLEM 100 100 500 &c. 1,000 1,000 1,000 1,000 1,000 1,000 5 -----5 g. 6 Jan. 1, 1930 May 1, 1920 .......... M.&N. M:·&··s. 5 g. A. & O. 5 g. J. & D. 6 g. J. & D. F. & A. 6 1,524,600 See text. 2,750,000 5 4,000,000 2 378,000 5 As collateral 6 g. 1,000 EARNINGS.-Year ending Dec. 31, 1895, gross, $276,74.9. In year 1894 gross, $24.9,027, agst. $236,572 in 189:i. N. Y. office, 36 Wall St. -(V. 59, p. 879; V. 60, p. 525.J K.an8a8 City Watkin8 &: Gulf.-Completed in 1892 from Lake Charles. La., northerly to Alexandria, 98 miles, branches 3 miles. Bonds may be increased to $20,000 per mile tor future requirements. Mortgage trustee. Farmers' Loan & Trust Co. Stock authorized $10,000,000-par $LOO. On June 30, 18ll4, ,stock for $1,967,400 was outrstanding; funded debt was $1,967,400; current liabilities were $257,_ 236. J. 8. Watkins, President, Lawrence, Kansas. (V, 60, p. 562, 662.) Kearney&: Black Hllls.-See SUPPLEMENT of 13ept., 1894. . Kentucky &: Indiana Brldge.-Owns steel cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind.• and 5 miles of belt line in Louisville; also operates New Albany Belt & Terminal RR., 2 miles, and owns Louis. & New Albany Ferry Co. and N. Albany Street Car Co. RECEIVERSHCP.-Defaulted OB coupons Sept., 1893. See V. 57, p. 510, 696. John MacLeod, F. W. Tracy and s: M. Felton are receivers. Petition to foreclose terminal mortgage was tiled at Louisville in October, 1894. New Albany Belt first mortgage bondholders' committee consisted of F. J. Pfingst and C. F. J. Allen. V. 61, p. 794. Receivers' certificates for $75,000 were issued in 1894; an additional $25,000 have been authorized. CoMMITTEE.-Second mm·tgage-J ohn D. Taggart, chairman; St. John Boyle, J. W. Gaulbert, G. W. Morton and others. 1.'erm·inal bondholde1·s' committee was dissolved. V. 60, p. 522. SECURITIES.-Capital stock $1,700,000 (par $100). City of New Albany, Ind., guarantees $250,000 of 1st mortgage bonds. INTEREST PAYMENTS.-First mort,mge interest due Sept. 11, 1893, was paid on July 1, 1894, the March 11, 1894, int. on Sept. 1, 1894, and the Sept., 1894, interest on Mar. 1, 1895; Mar. 11, 1895, on Sept. 1, 1895, at Louisville Trust Co. of Louisville, Ky. EARNINGS.-Receivers' report for year Oct. 14, 1893, to Oct. 14, 1894, shows gross, $219,741; net, $86,257. Por year ending June 30, 1893, gross earnings were $215,343; net, $126,703: interest, $100.000. (See V. 59, p. 697; V. 60, p. 82, 522, 929, 1105; V. 61, p. 240,558, 794.) Kentucky Mld.land.-Owns road Frankfort, Ky., to Paris, Ky. 40 miles; completed in 1890. Extensions projected. Stock authorized, $1,250,000; issued, $910,000, of which $220,000 is preferred; par, $100. First mortgage is for $5,000,000, trustee, Central 'T rust Co. In October, 1894, Geo. B. Harper was appointed receiver. Sale under foreclosure ordered for Dec. 2, 1895; upset price $S20,000. V. 61, p, 703. Oommittee-A committee of bondholders has been formed; Charles E. Hoge, Frankfort, Ky., is a member.-(V. 61, p. 611.) In year ending June 30, 1894, gross, :t:57,138; net, $3,253. In 1892-93 gross, $67,614; net, $11,622. In 1891-92 gross, $63,383; net, $13,537.-(V. 60, p. 835; v. 61, p. 420,611, 703.) Kentucky Unlon.-See LEXINGTON & EASTERN. Keokuk &: De8 Molne8.-Owns from Keokuk, Ia., to Des Moines, Ia., 162 miles. Leased for 45 years from October 1, 1878, to the Chicago Rook Island & Pacifl.c Railroad, the lessee to pay 25 per cent of the gros, earnings, but guarantees the interest (not the principal) on th11 bonds. The stock is $1,524,600 8 per cent preferred and $2,600,400 common (par of each $100), a maiiority of which is held by the lessee Surplus for year 1891-92 was $21,221, against $8,525 in 1890-91. Paid divinends on preferred in May, 1893, of $2 40 per share; in 1894 March, 95 cents per share; in 1895, Jan., 90 cents per share. Rentai in year 1892-93 $158,721, against $146,025 In 1891-92. Keokuk&: We8tern.-Owns Alexandria, Mo., to Van Wert, Ia. 143 m.; operates to Keokuk, 5 m. Organized in 1886 after foreclosure: In 1895 control of the Des Moines & Kansas City, extending from Des Moines, Ia .. to Catnesv ille, Mo .• 112 miles narrow-gauge, was purchased in the interest of the Keokuk & Western.-(V. 61, p. 1064.) MORTGAGE NOTE.-A 6 per cent mortgage note for $200,000, payable at will, is outstanding-. Bills payable Dec. 31, 1894, $60,000. DIVID_ENDS-In 1888, ~ per cent; lJ? 1891, 2; in 1892, 2 p. c.; in 1893, 2 p. c.; m 1~94, 2 p. c.; m 1895, April, 1 p. c.; Oct., 1 p. c. EARNINGS, 10 months, J 1895 ...• ·- .... gross, $309,1771; net, $102,051 Jan. 1 to Oct. 31. 51894 .......... gross, 307,654; net, 95,837 ANNUAL REPORT.-Ri:iport for 1894 was in V. 60, p. 793, showing gross, $363,548; net, $113,162; interest. $13,095; taxes, $14,244; construction, etc., $2,430; dividends, $80,000; balance, surplus for year, $3,393. Total surplus Dec. 31, 1894, $58.536. In 1893, gross, $386.645; net, $128,247; taxes, $15,935. F. T. Hughes, President, Keokuk, Iowa. (V. 58, p. 902; V. 60, p. '793; V. 61, p. 1064.) Klng8 County Elevated.-See STREET RAILWAY SUPPLEMENT· Klne-ston &: Pembroke.-See SUPPLEMENT or March, 1894. In Oct.• 1894, Joseph Gordon of Kin~!lton, Ont., waR appointed receiver. Preference bonds have been autl..lor1zed. See V. 61, p. 69.-(V. 59, p. 1141; v. 61, p. 69.) Knoxville Cumberland Gap &; Loul8vllle Ry.-Knoxville Tenn.. with -tunnel at Cumberland Gap, to L. & N. at Middles: boro, 75 miles; branches, 7 miles. Successor to the K. c. G. & L. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 862,000 75,000 1,000,000 600,000 400,000 300,000 962,000 Mar.n;•iici,°i,d Spt. 1,'95 Ma:r:;·fa11 Apr., '93, coup. last pd. April,1919 June,'93,coup. lastpaid Dec., 1916 June,'93,coup. last paid June 1, 1920 Aug. 1, 1918 See text A. & 0. A. & 0, J. & D. J. & D. N. Y., Office, 13 Wm. St. do do N. Y., Cuyler, Morgan. Joseph Walker·s Sons. June, '93, coup. last pd. Jan.15,1895 OC't. 1, 1923 Oct. 1, 1895 ,June 1, 1921 Dec. 1, 1909 J. & J. In default. Jan. 1, 1912 2,000,000 6 g. .J & J. N.Y.,J.P.Morgan&Co. 11,840,000 11,840,000 see.ieit. Q~.::F. N.Y. Office, 80 Br'dway. 5 g. J. & J. N. Y., Chase Nat. Bank:. 7,250,000 2,100,000 5 g. J. & J. do do ENT, 49,466,500 See text. F. & A. N.Y.,GrandCent. Office. 533,500 lOperan F. & A. do do 2,755,000 A. & 0. 7 byTreasur• 1,355,000 A. & 0. Coupon, 7 er at Grand Cent14,640,000 See text 7 ral Station, N. Y. 24,692,000 7 J. & D. interest 924,000 F. & A. Registered 7 by Union Trust 400,000 5 g. J. & J. Company. · l 79,000 3 g. J. & D. l j i j July 1, 1925 Feb:-i5:-i896 Jan. 1, 1937 July 1, 194.1 Feb. Feb. Apr. Apr. July Dec. Aug. Jan. Dec. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1895 189 6 1898 1899 1900 1903 1906 194.0 1989 Rail1·oad, sold in foreclosure on Sept. 2, 1895, to F. W. Whitridge of New York. V. 60, p. 1145. EARNINGS.-In year ending June 30, 1A95. gross, $134,377; deficit from operating, $13,147; charges, $102,984;. balance, deficit, $116,131. In 1893-94, gross, $125,514; deticit from operating, $28,687. (V 60, p. 795, 873, 1145; v. 61, p. 471.) Knoxville &: Ohlo.-Owns from Knoxville, Tenn., to Jellico, Tenn., and branch, 69 miles Leased Nov. 1, 1888, to Ea ➔ tTenn. Va.. & Ga. for 99 years for net earning,,i, but interest on bond ➔ guaranteed by rental. Lease assumed by Southern Ry. Co. and first mortgage .6s left undisturbed. Stock ls $1,h2,200. Southern Railway owns $167,00(} of the stock pledged under its consolidated mortgag-e of 1894. EARNINGS.-Year ending June 30, 1894, gross, $388,170: net, $104,601, against $155,892 in 1892-93; charges, $120,280. ake Erle &: Western Railroad.-( See Map.J-Owns from Ban· dusky, 0., to Peoria, ID., 420 miles, and branch to Minster, 10 miies • Indianapohs to Michigan City, 162 miles; Fort Wayne to Connersville and branch to Rushville.133 miles; total owned, 72!'> miles, of which 691 steel: leased from Oct. 1, 1895, the Northern Ohio RR., Akron toDelphos, 165 miles; total operated, 890 miles. HISTORY, ETc.-Company formed in 1887 after foreclosure of the Lake Erie &Western Railway. In March, 1887, purohase<I Indianapolis Peru & Chicago, 162 miles, and in June, 1890. acquired Fort Wayne Cin. & Louisville. (See V. 50, p. 590.) The terminals at Indianapolis, Peoria, Fort Wayne and New Castle are opera;ted partly under lease. The company lets about 88 miles or trackae;e and terminal rights, receiving about $57,000 yt-.arly. For condition of road-bed, equipment, bridges, etc., see pamphlet issued by company in March 1895. In Sep tember, 1895, purchased the stock of the Northern Ohio-which see. DIVIDENDS{Year .. 1890. 1891. 1892. 1893. 1894. 1895. 1896. on pref- Per ct. 4 4 4:\1, 5 5 5 below. · In 1896, Feb., 114 p. o. BONDS.-Abstract of fl.rat mortgage (Central Trust Company and A. LMason, trustees), in V. 46, p. 45; of 2d mortgage (Cent. Trust Co. of N. Y. and Robt. C. Bell of Ind., trustees), in V. 54, p. 444. Guarantees $2,.500,000Northern Ohio 5s-see that company. LATEST EARNINGS.-January 1 to October 31 (10 months): 10 monthsGross. Net. Fixed charge11. Bal., surp 1895 .. ...•.•...•.• $2,901,227 $1,310,765 $581,647 $729,118 1894.. ...••. ...•.. 2,746,603 1,183,719 565,414 618,305 ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting ts held at Peoria on fl.rat Wednesday in October. Annual report for 1894 was in V. 60, p. 559 and 564. The traffic is well distributed, only 6 per cent in 1894 being- from coal. Average . rate per ton per mile in 1894 was 0·631 cent against 0·704 cent in 1893. Year end. Dec. :n. 1894. 1893. 1892. 1891. Gross earnings _______ $3,345,403 $3,512,620 $3,558,482 $3,273,355 N'et earnings _________ $1,479,552 $1,463,877 $1,620,359 $1,447.897 Ratio op.exp. to earn. (55·77) (58·33) (54·46) (55·77► lnterest on bonds.... 4!'>5,333 444,972 434,667 363,771 Taxes and rentals .. _. 227,649 205,498 200,033 155,068 Dividends, .• - ...•..••. (5)592,000 (5)592,000 (5)592,000 (4)473,600 L - ·- - - Balance, surplus. $204,569 $221,407 $393,659 $455,479 Betterments .• ·----··· $143,593 $207,016 $119,219 $216,50~ Calvin 8. Brice, N. Y., President.-(V. 60, p. 259, 432, 548,559 562, 564; v. 61, p. 240,282,324,558,750, 794.) Lake Kola"tld Elevated.-See STREET RAILWAY SUPPLEMENT. Lake Shore &; Michigan Southern.-( See Map N. Y. Oentral-.) Operates from Buifa,lo to Chicago with branches. The system, weU shown on the map, is made up as below. The main line (540 miles) includes 26 miles betweenToledo and Adrian, Mich., under lease from the Erie & Kalamazoo. Road owned directlv. Miles. Leased, [,rsee this Oo .. ] Miles Buffalo, N. Y., to Chicago, Ill..540 Kalamazoo A. & G. R.. ... ... 59 Sundry branches ............... 319 Jamestown & Franklin . . . . . . 51 Entire stock owned. Mahoning Coal RR . . . . . . . . . . . 50 Detroit & Chicago .............. 62 Erie & Kalamazoo (26 m.) .•.. Text. DPtroit Monroe & Toledo ...... 62 Detroit Hillsdale & S. W ... ,r 65Kalamazoo & White Pigeon... 37 Fort Wayne & Jackson ..•.. ,r 98 Northern Central Michigan.... 61 -Sturgis G. &St. L. andS.C.&D. 45 Grand tot. oper. Jan. 1, 95.1,449 Of the main line 499 miles has double track. By control of "Nickell Plate" the Lake Shore has still another line from Buffalo to Chicago. ORGANIZATION, &c.-A consolidation on Aug.16, 1869. The N. Y. Ch. & St. Louis (Nickel Plate) road has been controlled by ownershi:p of stock since 1882, Lake Shore now owning $6,240,000 of its common> $6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock. The company also controls and leases the Mahoning Coal ltR. [see LakeShore "System" belowl and owns (besides the entire stock of the proprietary lines) $2,675,696 Pittsburg & Lake Erie stock. CAPITAL STOCK.-The stock has remained at $50,000,000 since1871. The guaranteed stock of$533,500 carries 10 per cent dividends. DIVIDENDS.-Since? 1888. '89. '90. '91. '92. '93. '94. '95. '96 ► 1887. P. Ct. ( 4 5 5 612 612 6 6 6 below► In 1896, Feb., 3 p. c. . r- al ~0 ~ A ~ aJ ~ 0 ~ aJ ~ I R / / Pickens iarv<.len auley on. , / ',// MAP OF THE ~ ~ ~ 00 .-4 ~- ~ D z.tj ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LAKE ERIE &, WESTERN RAILROAD AND ITS CONNECTIONS. ✓• INVESTORS' SUPPLEMENT. 74 fVoL. LXII. Subscribers ,vtll confer a great Cavor by giving hnmedlate notice ot' any error d18covered In the8e Table8, RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prtno1 Amount Rate per When Where Payable and by P~~'2enfa.::· t ndin Road. Bonds Value. Outa a g Cent. Payable Whom.' Divi~nd. .For 1:1.x.pla.nation of column headings, &c., see notes ~es D!;e Sii~ror on first page of tables. ----------------------1--------------1--------11----------1------ Lake Shore & Michigan Southe1·n-(Ooncluded)Sturgis Goshen & St. L. 1st mort., g., p. & i. guc:1,r. Kal. Allegan & Gr. Rapids stock, 6 p. c. guar ___ .. 1st mortgage, guaranteed·--·-- ·----------- -·- · c Jamestown & Frank. 1st M. (L.S. owns $256,000) .c Erie & Kalamazoo (leased) st'k, Toledo to Adrian Lake Shore System-Mahoning Ooal RR.-Stock. __ . Preferred stock, guaranteed 5 p. c. See text _. _ 1st M., YounJ.s. to And., etc., ~ar. ~.&i.(end).c Lea'f1. Top. <I: S. .-lstM.,12guar. yAt.&12byUn.P. Lehigh&: Hudson River-1st M.,g.,int..red'c'dto5p.c. <$i.io;ooo W-a~~!f~:1iey :ist & 2<i°Ms.-2cis;fai2> Wawayanda RR. 1st mortfage .... --- - -. -... . - .. - - . Leh. & Hud. River Gen.M. or$3,000,000,gold. _c"" Lehigh & New Engl'd-Slate Valley RR., 1st mort. _ 1st mort., $1,000,000, old. - - .. ·-·- -- .. - -·· --·· - .. Lehigh Valley-Stock ($1 6,300 is 10 p. c. pref.)--. 1st mortgage, coupon and registered. _____ ._ .. ___ . 2d mortgage ______ - ____ ..•.. _. . ___ •.. _____ .. __ . __ . _r Con. M., sterling,/.,s.f.2 p.c.y'rly, dr'n at par.c&r do coup. an. re~s., $4,762,000 are 412s .c&r do annuity,$2. 38,000 are 412B------------· Lehigh & N. Y., lstM., $2,000,000, g.,~.p.&i.c*&r Leh. Val. of N.Y., lstM., gold, gu. p. & .(end.)c*&r Leh. Val. Ter., lstmort.,gold,gu, p.&i.,end.c*&r. Middlesex Valley, 1st mort., $600,000, gold. __ . c* t'enn. & N. Y. Can. &RR.-lstm., endors._.c*&r. Consols (see text) guaranteed p.& i.(end.)r ..... Easton & Amboy,lst M.Easton to P.Amboy,guar. Easton & Northern M. f<uar. (V. 62, p. 135) ...... Delano Land 1st M., go d , guaranteed ............ 6 29 1889 $ ... . _. 58 100 58 isss 1,000 51 1863 1,000 26 .... 43 .... 50 43 50 1,000 43 i884 1,000 46 1882 42 1881 1,000 1,000 63 1887 Text. '79·'81 500 &c. 7 1880 500 &c. 1,000 1890 .... 1886 500 &c. .... 1895 1,000 50 ioi isi;s 1,000 1,000 101 1870 1,000 285 1873 1,000 285 1873 1,000 285 1873 1,000 117 1895 1,000 283 1890 1,000 31 1891 1,000 22 1892 1,000 105 1866 1,000 105 1888 1,000 60 1880 ...... 1895 .... 1892 ·--· i:ooo BONDS.-lnterest on the consol. firEt mort. is paid on coupon bonds J. & J., on registered bonds Q.-J. The first oonsol. or the bonds prior thereto are redeemed each year by $250,000 contributed to the sinking :fund. The bonds outstanding are given above less the amounts held in the sinking runds, which amounted to $6,000,000 Jan. 1, 1895. GUARANTIES.-In addition to securities in table above, company guarantees by endorsement on each bond $1,000,000 Cincinnati & Springfield 1st 7s, described under Cl. Cin. Cb. & St. Louis. See also Detrolt Hillsdale & S. W. and Fort Wayne & Jackson. GENERAL FINANCES, &c.-Vanderbilt road having a large businees greatly dependent on traffi~ from competitive points. Nothing has been charged to construction or equipment account sine,, 1883, the outlays therefor charged to operating expenses amounting"iu 1894 to $118,089 for new eqmpment and $35,745 for construction. these items being exclusive of expenditures for renewals. Profit and loss surplus Jan. 1, 1895, $11,834,805. ANNUAL REPORT.-Fiscal year ends December 31. Annual meeting ls held the :first Wednesday in May at Cleveland. Results tor 1895, December being partly estimated, are given below. The annual report tor 1894 was published in V. 60, p. 773, 791. Years1895. 1891. 1893, 1892. Miles operated...... 1,449 1,449 1,449 1,454 Total gross earning!\ $20,813,903 $19,557,870 $23,685,932 $22,415,382 Oper. exp. & taxes. 14,425,428 13,186,067 17,123,913 15,803,190 ----- ------ ------ --- ·-Net earnings.... $6,388,475 $6,371,803 $6,562,019 -$6,612,192 P.c.ofop.ex.toear'gs 69·31 67·42 72·29 70·50 Net,inol.oth.ino'me $6,817,825 $6,781,158 ,$7,021,151 $7,095,433 Rentals paid._...... 607,000 $606,922 $597,395 $603,546 Interest on debt.... $3,129,000 3,151,947 3,173,762 3,201,710 Divid's on guar. s'k. 53,350 53,350 53,350 53,350 Dividends·-···· ..... (6)2,967,990(6)2,967,990 (6)2,967,990 (6)2,967,990 Snrolua over divs. $60,485 $949 $228,654 $268,837 -(V. 59, p. 423, 780, 969, 1104; V. 60 p. 391, '7'73, '791,929, 1129, 1145; v. 61, p. 366,925, 1087, 1107.' Lake Shore ~y•tem.-lt.lahonfno- Coal RR.-Owns , from Youngstown to Andover, 0., and branoii, 50 miles. Leased in per• petuity for 40 per cent of ~-ross earnings to Lake Shore, which Jan. 1, 1894, owned $865,900 of its common and $399,500 of its preferred stock. The preferred stock certificates contain a clause making them redeemable at par at option of Company, but it is understood the option will not be exercised. Dividends paid on common stock ': In 1889 412 p. c.; in 1890, 5; tn 1891, 412; in 1892, Feb. 5¼; Aug., 3; in 1893, 8 p. o.; In 1894, 8 p. o. ; in 1895, 10 p. o.; in 1896, Feb., 7 p. o. In 1894 rental $258,739, against $245,134 in 1893 ; defl.cit under inter• est and dividends, $738. (V. 60, p. 791). Leaven-worth Topeka & S. w .-Owns from Leavenworth 1iO Meriden Junction, in Kansas, 47 miles. Union Pacifl.o oeaPed operatil).g this road in March, 1894. C. L. MoLellan appointed receiver April 20. Bill of foreclosure filed in April. V. 58, p. 716. Of the bonds $690,000 are guar. by U. P., the balance by Atchison: Coupons due Jan. 1, 1894, were not paid. Accounts payable were $1,046,350 Jan. 1. 1894. In 1893 gross $29,341; deficit from operating, $30,151, against $30,735 in 1892; interest charges and taxes, $64,108; deficit under charges in 1893, $94,259. (V. 58, p. 430, 512, 716.) Lehigh & Hudson Rlver.-Ops from Greyoourt, on Erie Roan, to BelVIdere, N. J., 63 miles, on tlie Pennsylvania RR. Proprietary lines: Orange County RR. (entire stock owned-no bonds issued), Hud• son Junction to Maybrook, N. Y., on P. R. & '11. E. (Poughkeepsie Bridge route), 11 miles (incl. trackage 2 m.) ; S. E. & P. RR., Phillip&burg to Easton, 1 mile; trackage, Penn. RR., Belvidere to Phillipsburg, IS miles; other mileage, 2 miles; total operated, 90 miles. ORGANIZATION.-In August, 1888, the Central of N. J. purchased about one·tbird the company's stock, and this, with the stock held by the Lehigh Coal & Nav. Uo., controls the road. Stock, $1,340,000; par, $100. Warwick Valley 1st mort. covers 15 miles of road; 2d mort. cover!'! 22 miles. Loans and bills payable Sept. 30, 1895, were $383,500 against $396,489 on Dec. 31, 1894; oar trusts, $89,155. LATEST EARNINGS.-From Jan. 1 to Dec. 31, 1895, 12 months, gross $407,045, against $391,067 in 1894. . ANNUAL REPORT.-Report for year ending June 30, 1895, was in v. 61, p. 322. Earnings, including the Orange·County, were: G N t I tilt B l · n · axes. a ·• sur. 141 427 431ross. 675 154e, 311 884 1894·95 ...... _···· · · ·-·· · .$525 ,043 $ 150 $ 12 776 · $ 143 ·•117 7 ••659 1893-94 .... -.. ······ ·· -· ·· , • 1892·93 ..... _............. 551,289 185,708 134,403 51,305 Grinnell Burt. President, 80 Broarlway, N. Y. City. (V. 59, p. 291, 421, 1007, 1056; v. 60, p. 349, 929; v. 61, p. 322, 1064.l Lehfo-h & Ne-w England RR.-Operates road from Slatington, ·,:,ampbell Ha-l l, N. Y., 96 miles. of which three sections. aggre• Pa.' to c: gating 44 miles, belong to other companies. HISTORY.-A reorganizatio~ in April, 1895, of the Pennsylvania Poughkeepsie & Boston, sold m foreclosure Dec. 14, 1894. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $322,000 610,000 840,000 298,000 300,000 1,500,000 661,850 1,500,000 1,380,000 800,000 209,360 385,000 65,000 584,000 61,500 375,000 40,441,100 5,000,000 6,000,000 610,000 10,400,000 ll,850,000 2,000,000 15,000,000 10,000,000 375,000 3,000,000 See text. 6,000,000 300,000 1,196,000 3 g. 6 per an. 5 7 10 p. an. See text. 5 per an. 5 4 g. 5 5 6 6 5 g. 4 5 g. See text. 6 7 6 41i2 & 6 412 & 6 4 g. 412g. 5 g. 5 g. 7 4, 412, 5 5 412 5 g. J. & D. A. & O. J. & J. J. & J. F. & A. F. & A. J. & J. J. & J. J. & J. J. & J. J. & J. A. & 0. J. & J. J. & J. J. & J. J. & J. Q.-J. J. & D. M. & S. J. & D. J. & D. J. & D. M. & s. J. & J. A. & O. M. & N. J. & D. A.. & 0. M. & N. A. & 0. J. & J. } See preceding page · lf N. Y., Gr. Cent. Station N. Y., Gr'd Cent. t,tat•n~ N. Y., Union Trust Co. do do July, '93, coup. last pd. N. Y., Nat. Exch. Bank. do do do do do do do do Phila., 927 Chestnut St. Phila., 228 So. Third 8t. Reg.atotfioe; op.Bk.N..A.. Phila. Of., 228 So. 3d St. do do Reg.atotfioe;cp.Bk.N.A. Phila.. Of.,228 So. 3d St. Phil.,Leh.Val.Of.&N.Y. N. Y.,Meroh.N. Bk.&Ph. do do N. Y., Central Trust Co. Phila., Bk. N. America. Phila., Lehigh Val. RR. Phila., Of., 228 So. 3d St. See Off., 228 So. 3d St. do do Dec. 1, 1989 Oct., 1895 July 1, 1938 Var. to J'ly,'97 Feb., 1896 Feb. 1, 1896Jan., 1896 July 1, 1934 July 1, 1912 July 1, 1911 July 1 1917 1899 &1 1911 Jan. 1, 190.0 July 1, 1920 July, 1, 1916July 1, 1945 Bee text. June 1, 1898 Sept. 1, 191.0 Dec. 1, 189'7 Dec. 1, 1923 Irredeemable. Sept. 1, 1945Jruy 1, 1940 Oct. 1, 1941 Nov. 1, 1942: June,'96&'06 Apr. 1, 1939 May 1, 1920 1935. Jan. 1, 1932 STOCK AND BONDS.-Capital stock is $1,500,000, par $50. Mortgageis for $1,000,000 gold 5 p. o. 50•year bonds, of which $375,000 represent purchase price and balance for improvements and extensions. Mortgage and stock issue authorized July 9, 1895. (See V. 61, p. 112.) DIRECTORS.-William Jay Turner, President, William B. Scott, John W. Moffl.y, Joseph F. Sinnott, W. W. Gibbs, W.W. Kurtz and Simon Pfaelzer. V. 60, p. 606, 835; V. 61, p. 69, 112; V. 62, p. ~34. Lehigh Valley .-r See Map)-Main line, Jersey City, N. J., opposite N. Y. City, to Buffa10, N. Y., 448 miles; branches to Audenried, Tomhioken, Hazleton, &c., 442 miles; Lehigh & New York RR., 115 miles;. State Line & Sullivan Railroad, 24 miles. Total system 1,031 mues;. second track, 526 miles. Trackage: Penn. RR., 59 miles; N. Y. Central, 10 miles; Penn. Division of Pa. Poughkeepsie & Boston, 26 miles operated temporar..ily. For Depew & Tonawanda Rt<. see V. 62, p. 135,. -and V. 61, p. 1107. HISTORY, ETC.-Clompany opened a through line of its own from New York to Buffalo Sept. 1, 1892, and discontinued trackage of 188 miles over the Erie. L~ase to Philadelphia & Reading for 999 yeare from December 1, 1891, was terminated Aug. 8, 1893. COAL PROPERTY.-Tbe Lehigh Valley RR. oo. owns 3,619 acres of coal lands and, all the ($650,000) stock of the Lehigh Valley Coal Co.,. which in turn owns anthracite coal and surface lands as follows: Total acres. Ooal acres. Est'd. yield. Owned in fee ..................... 15,217 7,242 124,000,000 Perpetually lea ed.--····· · ······ 8,123 5,741 111,000,000 Term leases ...........•....••.... 1,708 1,708 47,000,000 Controls through 11took owned .. 9,229 4,519 50,000,000 There are 54 collieries, with a daily capacity of about 30,000 tons. The Coal Co. in 1894'-95 shipped from collieries owned 2,619,960 tons, against 2,061,115 tons in 1893•94, 1,748,545 tons in 1892·93 and 1,454,262 in 18~1·92.-V. 62, p. 135. DIVIDENDS.- c. '86. '87. '88. '89. · '90. '91. '92 '93. none Since '85. P. ct. 5 4 412 5 5 5 5 5 14 4 since. BONDS.-The consolidated mort. of 1873 (trustee, Fidelity Insurance, Trust & S. D. Co. of Phil.) is for $40,000,000, of which $12,000,000 are, reserved to retire $11,000,000 prior liens when due. The bonds ar& Issued in three series, of which the sterling issue.I. "class A,'' is subject , o call at par in inoreasmg amounts each year, $39::,,000 being the amount retired in 1895. A second series is composed of the "coupon and regtstered" bonds, .w hich are not subject to call, but which prior to Nov. 13, 1893, were convertible at option of holders into bonds of the third "er1es, these last being annuity bonds and irredeemable, never fallinl{ ,iue except in case of default. All these iRsues are equally secured. Lehigh Valley ,·oal Co. :firsts for $10,280,000 had been listed on New York Stock Exohan~e to January, 1896. GUARANTIES.-Lehigh Valley Railway Oo. of N'ew York.-Owns road from Buffalo, N. Y., to near Sayre, Penn., 175 miles double track, and branches to Ithaca, Auburn, Cayuga, etc., 105 miles; total, 280 miles. Stock all owned by Lehigh Val. RR. Morticage a.hRtract in V. 51, p. 114 al\d V. 54, p. 203, 965; V. 59, p. 929; V. 61, p. 471, 1013.) Lehigh Valley Terminal Railway.-Owns double·track road from South Pll\intleld, N. J., to J e.rsey City, with about 125 acres at Jersey City and a large .water front there and other property; its stock of $10,000,000 ls owned by the Lehigh Valley RR. (See V. 53, p. 640, 880.) Centra) ·T rust Co. trust-ee. Car trusts $1,000,000. Middlesex Valley.-Road from Naples to Geneva, N. Y., 29 miles, Purchased in December, 1895, and $600,000 or 5 per cent bonds due 1923, guaranteed p:rinoipal and interest (endorsed) by Lehigh Valley,. wb.ioh owns $225,0'00 or the bpnds and all the stock.-V. 61, p. 1013 ~ V. 62, P• 13i. Morris Oanal. - Leased for ' 999 years and dividends guaranteed. Bonds all owned by Lehigh Valley. Wa.ter•shed supplies city of Newark with water. See V. 50, p. 137. Pennsylvania &: New York Canal & Railroad.-Leased for 99 years rrom December 1, 1888, to Lehigh Valley, which has assumed its debt. !ltnd owns all its stock. General mortgage bonds of 1889 (trustee, Girard Life Insurance Co.) are reserved to take up prior bonds when due. Theseveral issues of P. & N. Y. Canal & RR. oonsols are as follows and areguaranteed principal and interest by the Lehigh Valley: $4 ,000,00(} ot' 5 per cents, $J,000,000 of 4s; $1,500,000 of 412s, issued in 1895 to retire a like amoimt of 7s due in June, 1896. In December, 1895, there were $8,500,000 consol::, issued, including the $1,500,000 of 412s above mentioned. Lehigh& New York.-This road (formerly Southern Central), N. Y . Stare Line near Eat<t Waverly to Falrbavf'n \ on La,k e On1,ario, 115 miles, furnishes an outlet to Lake Ontario for the Lelligh Valley RR.,. which Vguarantees the bonds by endorsement on each.-V. ol, p. 558,. 134 02 750 ; · 'p. · Lehigh Valley Ooal Oo.-See "Coal Property" above. GENERAL FINANCES.-Company reported floating deht Nov. 30, 1895, of $2,498,254, consisting of four series of notes maturing in April,. Ma.y, June -and July, 1896 . . To provide for this debt and fur other pur• poses $6,000,000 of Lehigh Valley Coal Co. fis were so •din July, 1895. There was due the L. V. Terwinal Ry. (Nov 30, 1895), $1,459,807. . Real estate mortgages aggregate $347,574. ~ t- MAP OF THE LEHIGH VAL.L EY RA_ILROAD AND CONNECT IONS. ~ r,j A z 0 ~ ~ ~ 00 ~ 0 0 ~ 00 A ~ ~ ~ ~ ~ ,...., ~ 0) 00 M ~~ ~ ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUPPLEMENT. 76 [Vo1,. LXII. Subscribers ,viii conf"er a great Cavor by giving lmDledlate notice of" any error discovered In these Tables. Bonds-Prtn01 INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due Amount Rate per When Where Payable, and by pal,When Par Stocks-LMt For t,Xplanation of column headings, &c., see notes of of Whom. Road. Bonds Value. Outstanding Cent. Payable Dividend. on first page of tables. Lehigh Val.-( Oon.J-Morris Can. sk, 4% gu. 999 YR Preferred stock, 10 p. c., uar. 999 years ....... L. V.Coal Co.1st M.$12,000, 00,g.s. f. ,not drn.c*,tr Snow Shoe, 1st mortga~e, not guaranteed ..... r L. Y. •.rermmal Railwav car trusts, $1,000,000 ... Lexington & Eastern-lat M., $1,000,000, gold. c• General mort~ age. See text......... . . . . . . . . r Litchjiela Oa1·roll&West.-lstM. ($10,000p.m.)g.c* J.A,ttte Miami-St'k,com.. gu.8 p.c.,99 yrs.,P.C.&St.L. Street con. 2d mort. (now lst.J ..........•........ c 6 ~~i:-($:fooci,oooi "cioiivertii:iie:::::~ Littte 1:wck & Memphis-First mort%age, gold ...••• c 0 ::rt!;:.1~t Little Sr,huylkill Nav. RR. & Goal- tock ............ Lima No·r tliern Ry.-lst M., $1,200,000 gold .. . c&r • - - --- $1,025,000 ---· .... $100 100 1,175,000 .... .... ---· 92 52 2 84 84 133 28 ---- Long Lsland-Stock .................................. 1st mort., main line, L. I. City to Greenport .... o* ·94 2d mortgage ..................................•... c* 158 Consol. mortgage, gol'a $5,000,000 ........••..••. 180 General mort\age, gol .........•......•..•...••. c,.. 18() Metropolitan erry Co. 1st M., gold,red. at 110.c,.. .... L. I. RR. mol't. on ferry for $2,750,000, gold.. . c* Mortga~e bonds of 1932 for $500,000, gold ... .-.. .... Debenture ($1,500,000) gold, not subject to call.. 2 New York & Flushing 1st mort~age, assumed .... Brooklyn & Montauk 1st M., $2 0,000 are 6s... c* 76 2d M., g., assum., Bush. Sta. to Eastp. & brs.o' 76 Long Island City & Flushing 1st M,. a.ssumed .. o• .... Consol. mortgage gold, assumed .........•.... o• .New York & Rockaway 1st mort., int. only guar.. Bmith. & Pt. Jefferson, 1st mortgage, guaranteed L.I.RR. North Sh. Br.consol.M.$1,500,000,guar.c• } 19 { N. Y. Bay Ext. RR. 1st M. gold, gu. p. & i., end. . c 6 ·--- ·s½ 4peran F. & A. Phil. office, 228 S.3ti St. lOperan F. & A. do do 5 g. J. & J. N. Y. and Philadelphia. i893 1,000&c 10,325,000 500,000 5 J. & J. 500 . ... ....... See text. . .&..J. N. Y., Cew. Trust Co. 5 g. J. 1,000,000 is94 1,500,000 5 Text. Text. 1894 6 g. J. & J. July,'93, coup.last paid 516,000 1886 4,943,100 8 per an. Q.-·M.ro Cinn.,O:tllce, 1st Nat.Bk. 50 Various do do 275,000 6 1864·8 1,000 M.& N. N. Y., Bank of America. 1,000 1,500,000 5 1882 714,000 A. & O. do 1,000 7 do 1892 5 g. M.& 8. 3,250,000 See text. 1,000 1887 2,487,850 7 per an. J. & J. Phila., Of., 410 Walnut 50 (1) 5 g. A. & 0. 1,000 is95 50 12,000,000 See text. Q.-F. N. Y.,CorbinBank'gCo. M.&N. do do 500 1,121,000 7 isss F. &A. do 268,703 7 do 1878 100 &c. 5 g. Q.-J. do do 1,000 3,610,000 1881 4 g. J. & D. 3,000,000 do 1,000 do 1888 5 g. M.&N. 1,250,000 do do 1887 500 &c. 4½)g. M.& S. 1,000 1,500,000 do do 1892 4 g. J. & D. 1,000 325,000 do do 1892 1,000 1,500,000 5 g. J. & D. do do 1894 M.& S. 125,000 6 do do 1,000 1880 do 1,000,000 5 &6g. M.& S. do 1881 1,000 600,000 5 g. J. & D. do 1,000 do 1888 M.&N. 600,000 6 do do 1,000 1881 5 g. M.&N. 1,000 650,000 do do 1887 500 250,000 7 A. & 0. do do 1871 75,000 M.& 8. do do 500 7 1871 5 g. Q.-J. do 1,000 1,425,000 do 1892 1,000 5 g. J. & J. 200,000 do do 1893 i:ooo On Dec. 2, 1895, $339,000 of" Class A" consol. 6s w ere paid at par by sinking fund. V. 61, p. 661. Dividends, paid regularly for 35 years, in 1893 were discontinued CAR TttUSTS.- In November, 1894, contracted for 2,000 new coal cars, of 60,liOO pounds cap:i,cit, each, t-, 110.ownert by the L. V. TerminHl Ry.. whose c!'rtrusts for $1,000,000 were issued thereror, and are owned by the Lehigh Val_ley RR. In 1_894·95 the Lehl~h Valley RR. contractetl for 50 locomotives, all of which have heeI.L denvered, and for 2,000 box: cars of 60,000 pounds each, to be d elivered by April, 1 896, and which are provided for by additional car trusts. R 0 Th fl. l d N b 30 Th t f p.\ 38,f.a year en 8 ovem er · e repor or 5A~as~fu ~ : 1 Year ending Nov. 301895. 1894. 1893. Earnings from coal ....... $8,470,859 $8,391,542 $9,225,0·27 Miscellaneous freight. ... 6,849,062 5,982,858 6,009,420 Passengers................ 2,316,540 2,104,677 2,606,026 927 •993 851 •517 77o, 3 o4 Mail, express, etc.········ M~J1 62, Total grosi ........... $18,564,454 Op. exps.,incl. rentals.... 14,028,453 Net earnings.......... Inc.frominvest.,&c. net .. $17,330,594 13,320,829 $4,536,001 898,346 $4,009,765 841,492 Total net income ..... $5,4, 4,347 South'n Ct-n. proport'n. .. 5,709 interest ou dellt . .• .• . . . 4,294,380 Gen'l exp., incl. taxeti -,.. 491,416 Dividends .•.•.•.••..... . $4,851,257 21.748 4,273,740 428,699 --....--- -- ---- $18,610,777 12,705,360 ---~ $5,905,417 363,233 $6,268,650 25,68-l 4,179,860 522,377 1,016,343 Balance, surplus~.. •.••• $642,842 $127,070 $524,386 -(V. 59, p. 968, 1058, 1104: V. 60, p. 43, '79,131. 302,606, 656,929; V. 61, p. 28, 112,282,366,377, 471, 558, 66I, 662,750, 1013, 1064, 1155; V. 6:L, p. I 34.l Lexington & Eastern.-Owns from Lexington, Ky., to Jackson, Ky., about 92 miles. A reorganization of the Kentucky Union, sold in foreclosure in March, 1894. Stock is $500,000. Mortgage trustee, Central Trust Company, New York. General mortgage is for $2.500,000, of which $1,000,000 reserved to retire the' fl.rsts; trustee, Continental Trust Co., New York. Interest on generals for first 5 years is payable only if earned, at Continental Trust Co., N. Y., on first day of February and Auu;uRt. Earningei from Jan. 1 to Oct. 31, 1895, 10 months, gross, $175,474. (V. 59, p.697.) Lima Northern Ky.-RO AD-In November, 1895, was under con• struction from Lima, 0. (on Ohio Southern), to junction with Toledo, St. L. & K. C., about 35 miles north, expected to be complAted in Janu• ary, 1896. It is intended to ex tend the road thence t <l Detroit, Mich., 58 miles more, forming a northerly extension for the Ohio Southern. STOCK AND BONDS-The tlrilt mortgage is for $1,200,000 of 5 per cent b .. nds; tru•tee is Manhattan Trust Go., N. Y.; bonds are issuable a, $12,000 per mile or completed road and $3,000 per mile 1or equip• ment.-V. 61, p. 925, 1064. Lltchft.eld Oarrollton & Western.-Owns from Barnett to Co· lumbiana, I1l., 52 miles. This road, formerly oper11,ted by the C. P. & tit. L., was returned to its owners in Nov., 1893. In May, 1894, C.H. Bosworth was appointed receiver. Bondholders' Committee advised bondholders to withdraw their bonds deposited under the agreement. See V. 61, p. 1064. Stock, $600,000. Consol mortgage for $15,000 per mile was authorized in April, 18f)3. Receiver's certificates, $75,000. (V. 61, p. 1064; V. 62, p. 40.) Little .1.Ulaml.-Owns from Cincinnati, 0., to Springfield, 0.-, 84 miles; branch, Xenia, 0., to DaytonJ.. 0., 16 miles; leases, Columbus & Xenia RR., Xenia, 0., to Columbus, uhio, 55 miles; Dayton & Western RR., Dayton, 0., to Indiana State Line, 38 miles; Ohio State Line to Richmond,Ind.,4 m.; Cin. St. Connecting RR., 2 m.; tot. operated, 199 m. LEJASE.-011 Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Loma, ,now Pittsburg Cincinnati Chicago & St. Louis) for ninety.nine years, renewable forever. The Penn. RR. Co. is a, party to the contract and guarantees its faithful execution. Rental is 8 per cent on $4,943,100 stock and interest on debt. There is $100,000 6 per cent permanent capitalized debt; interest J. & J. Lessee's report for this road shows net loss to lessee: In 1887, $298,405; in 1888, $421,355; m 1889, $885,873; in 1890, $S84,451; in 1891, $452,748; in 1892, $230,636; in 1893, $204,871; in 1894, $221,927. Stock authorized, $8,000,000. BONDS.-In January, 1890, stockholders authorized $3,000,000 7 per oent bonds (to be issued to the lessee from time to time in payment for betterments), and also $31000,000 stock, into which the bonds shall be convertible. July 1, 1894, $250,000 :firsts falling due were paid. Little Kock & lUemphls.-Owns from Little Rock, Ark., to Missis• 1lppi River, opposite Memphis, 133 miles. Of the coupons due Sept. 1, 1892, part only were paid. In June, 1893, Rudolf Fink was appointed receiver. Extension, Little Rock to Wistar Junction, I. T., proposed. Fore• closure sale postponed for 30 days from Jan. 22, 1896. V. 61, p. 925. REORGANlZATlON.-Bondholders' committee consi!ltS of F. P. Olcott, Chairman, 52 Wall Street, N. Y.; Aug-ustus D. Juilliard, James H. Smith, Henry De Coppet and Henry K. Sheldon. Depositary, Cen• tral Trust Co., N. Y. To January. 1896, receipts for $3,145,000 bonds had been listed on N. Y. Exchange. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ------ ------ Feb. Feb. Jan . Jan . 1, 1, 1, 1, 1896 1896 1933 1910 Jan~· i,--1900 1935 Jan. 1, 1916 Dec. 10, 1895 189~ Nov. 2, 1912 Apr. 1, 1932 Sept. 1, 1937 Jan. 10, 1896 Oct. 1,1945 Feb. 1, 1896 May 1, 1898 Aug. 1, 1918 July 1, 1931 June 1, 1938 Nov. 1, 1937 Mch. 1, 1922 June 1, 1932 June i, 1934 Moh. 1, 1920 Mch. 1, 1911 June 1, 1938 May 1, 1911 May 1, 1937 Apr. 1, 1901 Sept. 1, 1901 Oct. 1, 1932 Jan. 1, 1943 I1895. STOCK, $3,250,000; par, $100. EARNINGS.-Year endin"' June 30, gross, $382,007; ~net, $46,809; other income, $5,766; charges, $16,371. In 1893-94, gros~. $368,824; m ~t, $33,2t2.-IV. 59, p. 742, 969, 1007; V. 60, p. 177,349,711,967; V. 61, p. 559, 611, 925.) Little Schuylkill Navigation KR. & <1oal.-Owns from Port Clinton to 'l'amanend, 2~wi1e 8 • Leased July 7, 1868, to Philadelphia & Reading for 93 year 8 • Lone; Island.-Operates practi~ally all the steam surface roads on Lon!{ Island, adjoinmg New York City, the system includin~: OwnsMiles., Leases(if Which see.) Miles. Long Island City to Greenport. 95 New York & Ro ·kaway........ 9 Long I~land City to Gt. Neck .. 141 N. Y. B'klyn & Man. Beach ,T •• 20 Busuwwk to Sag Harbor ....... 97 Sundry branches ····•·•·· .... 831 Total June 30, 1895 ........ 368 Totalowned......• . ......•.. -28-9 ~J~bi1:a~~~~.. :: :::: :::::::::::: 1 Brooklyn & Jamaica, RR....... 10 Ope1·ates-earnings kept separate. North Shore Branch RR........ 30 N. Y. & Rockaway Bea.•·h RR.,T 12 Montauk Ext. Rli.... .. ... . . . 10 1 Pro~pect Pk. & Coney Island. ,T 13 ORGANIZATION, STOCK, ETC.-Control was acquired in December, 1880, by the "Long Csland Company," controlled by Austin Corbin and others. Cn July, 1881, the stock was increased from $3,260,700 to $10,000,000, and in 1889 to $12,000,000 to purchase Brooklyn & Mont'k. DIVIDENDS.-ln 1882, 1; from 1883 to 1890, both inclusive, at the rate of 4 per cent I?er annum; in 1891, 412; in 1892, 5; in 1893, 5 p. ,-.; in 1894, 4 14 p, c.; m 1895, 4 p. c.; in 1896, Feb., 1 p. c. BONDS.-Central Trust Co. is trustee of general mortgage of 1888. The fernJ morl(Jage for $2,750,000 covers all the real and perbonal property pertaimng to the company's ferries (34th Street and James Slip); $1,250,000 bonds being reserved to retire the Metropolitan Ferry mortgage. Trustee Central Trust Co. See V. 54, p. 597. The mortgage 4 per cents of 1892 are secured by purchase money lien. As to debentures see page 2 of SUPPLEMENT of April, 189fi. The Montauk Exi.ension RR. firsts cover the road from Bridgl'hamp ton via Fort Pond Bay to CU!loden Point, 2:') miles. They are guaranteed, principal and interest, by the Long Island RR., which owns all the Montauk stock. Central Trust Co. of N. Y., trustee. Extension was completed in December, 1895. GUARANTIES.-Ln addition to guaranteed bords in table above the Long Island guarantees bonds of the followin~ companies-which see. New York Brooklyn & Manhattan Beach, New York & Rockaway · Beach and Prospect Park & Coney Island. , .As to L. I. RR. North Shore Branch Company's bonds see SUPPLEMENT of January, 1895, and V. 55, p. 322. The New York Bay Extension: RR. bonds (Central Trust Co., trustee), will be a, first mortgage on about 17 miles of road from Garden City to Manhattan Beach RR.; 6 miles now built; total authorized, $600, 000. Capital stock, $600,000. See V. 57, p. 723. GENERAL FlNANCES.-In the spring of 1894 $1,275,000 debenture 5 s were sold, and a, like amount of loans and bills p ·i,yable issued for im• pr-0vements were retired. On June 30, 1895, mortgages on real estate. $291,238; equipment trust, $241,176. Renewals are being made witb 76 to 80•pound steel rails. LATEST EARNINGS-For three months ending Sept. 30: 8~ 3 months. Gross. \·et. Olh. inc. Int., taxes, etc. Bal. sur. 1895 ..... $1,438,4M $668,509 $66,000 $295,la7 $L39,372 1894 ..... 1,405,472 633,475 66,397 288,585 411,288 ANNUAL REPORT.-Fiscal yea.rends June 30. Annual meeting is held the second Tuesday in April. Report for 1894·95 was in V. 61, p. 438, 829. In year 1894•95 of the gross $2,298,662 was from passengers; $1,216,347 from freight; balance, mail, express, &c. YearendingJune30- 1895. 1894. 1893. 1892. Gross earnings ....••.. $4,014,019 $4,143,433 $4,300,336 $4,171,524. Operating expenses .. 2,593,323 2,690,085 2,833,892 2,734,416 ----- Net earnings ...•.. $1,420,696 $1,453,348 $1.466,444 $1,437,108 Total net ............ $1,563,051 $1,555,746 $1,593,189 $1,518,246 Interest on bonds..... 658,412 589,528 576,859 556,705 155,563 T:ues.. ........... .... 174,531 172,726 130,878 Rentals......... . ...... 223,213 240,768 211,633 178,603 Interest and discount. 2,741 33,069 29,839 28,874 Dividends ...•.•...•.. (4) 480,000 (434)570,000 (5) 600,000 (5) 600,000 --- ---- Balance, surplus.. $24,154 def.$50,345 $19,295 $23,186 -(V. 58, p. 307,682,816; V. 59, p. 599, 834, 879,969, 1105; V. 60, p. 177,302,522,835, 1145; V. 61, p. _4 38, 829, 871.) Louisiana Western.-(See Map of Southern Pacijlc.)-Owns trom Lafayette, La., to Orange, Texas, 112 miles. Operated under lease by the Southern Pacific- Co., which owns all but $50,000 of the $3,360,000 stock. The lessee pays all charges and turns over to this company 7 per cent of the total net profits under the omnibus lease. EARNINGS.-11 months, l 1895 ..•... . gross, $996,653; net, $468,977 Jan. 1 to Nov. 30. 51894 ....... gross, 897,824; net, 417,602 In 1894 gross, $1,010,133; net, $467,239 ; surplus over char~e-s,. $331,473; aJDoqnt of net profit due this company, as per lease, $8;j, 733. I 1893 gross, $1,106,144; net, $529,768. JANUARY, 1896.] https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD STOCKS ANU BONDS. RAILROAD SYSTEM. INVESTORS' SUPPLEMENT. 78 [VOL. LXII. Sub8crlber8 '1Vlll conCer a great f'avor by giving lminedlate notice ot any error d18covered In the8e Table•• RAILROADS. ---------------------1Miles l'or explanation of column headings, &c., see noteM of on first page of tables. Road. ---------------------1-Long Island-( Ooncluderl .) Montauk Ext. RR. 1st M., gu.p.& i., $600,000,g.c* Los Angeles Terminal-1st mortgage. $1,500,000 .. 44 Louisiana Western-1st mortgage, gold ... ........ c* 112 Louis. Evan. cl St. L. Oon.-Rec. cer. auth. $200,000 1st mort. E. R. & E ......... .............. ........ • ·12 1st mortgage, gold. ........................•... _. c* 182 2d mort., with voting power, gold, unassented.o,.. 182 Hunt. Tell. City & C. RR. 1st mort. gold, guar_o* 24 Ven.& Car. 1st Ms., due Deo.,1900 &Apr.1.,1902.o• 7 L. E. & St. L. oonsol. mort.1 gold ($8,000,000). -<'' 353 General mortgage for $15,uOO,OOO, gold ........ o* 353 Loutwille cl Nashville-Stock .•...................... Consol. 1st mortgage (now 1st lien) ..•...•...... o* 419 Memphis & Ohio 1st M., Paris to Mem., g.,guar .. o" 130 Mem.Clarks.&L.lstM. .£,Guthrie to Paris,Tenn.o' 83 Cecilian Br .lstM.,Cecil.to Louis.,s.f.,dr'nat 100.o~ 46 E.H.&N.lstM.,Henderson toNash.,g,dr'n at 110.o* 151 Louis. & Nash. general M., gold, drawn at 110.o* 802 L.C.&Lex.-Louis.& Frankf. and Lex.& Frankf. l Ctn. branohjointbonds, lstM.,s.f.(notdP'n)o.. 5 175 L. C. & Lex. 2d m. a. f. not dr'n, Louis. to N ewp't.o• 175 L. & Nash.bds.,S.&N.Ala.RR.,2dm. as ool.gold.o* 189 Pensacola. Division 1st m., gold (dr'n at 105) .. o* 45 N. 0 . & Mob. Div. 1st M., N.O.to Mobile, gold.o* Hl 2d M., N. o. to Mobile, gold...••.•......•.... o* 141 Southeast & St. L. Div. 1st Mort., gold•........ c* 208 2d M., gold, East St. L. to Evansville & br .. o• 208 General mortgage L. C. & L., gold ......•...... c• 175 1st M. (50-year 5s), $15,000 p.m., gold........ o• 118 1st mortgage, oollat. trust ($7,000,000), gold . o• Unified mortgage for $75,000,000, gold •••. o*&r L. & N. and Mob. & Mont. oint bds. 1st M., g. o• 179 Text. INTEREST OR DIVIDENDS. Bonds-Pr1no1 Date 81ze,or Amount - - - - - - - - - , - - - - - - - - - - - pal,WhenDue. of Par Outstanding RaCteenpt.er PWhayaebnl"" Where PWayha.obmle_, and by StoDicviksd-eLndas.t Bonds Value. "' - - - · - -- - 1 - - - - - - 1 - - - - - - - -1-- - - - - - - - - - 1 - - - - - $300,000 l'> g. J. & J. N.Y.,Corbi,., Bank'g Co. 1895 $1,000 1,5()0,000 5 J. & J. See text. 1891 2,240,000 6 g. J. & J. N.Y., s. Pac.Co., 23 B'rd 1881 (1) 1895 98b.ooo ... 6.. J.-·,~;·J. July,'95:ii<i:.iug. 29,'95 1,000 1881 2,000,000 6 g. A. & 0. Apr.,'95,pd.Sep.30,'95 1,000 1886 670,000 6 g, A. & O. Apr.,'95,pd.Sep.30,'95 1,000 1886 300,000 6 g. A. & O. Apr., '94, coup. last pd. 1,000 1887 300,000 Various Oct., '95, pd. when due. 6 1880-2 1,000 3,797,500 5 g. J. & J. July, '93, coup. last pd. 1,000 1889 2,256,850 4 g, M. & S. Sept., '93, coup. last pd. 1,000 1893 100 52,800,000 See text. F. & A. N. Y.1 120 Broadway. 7,070,000 7 A. & O. ao do 1,000 3,500,000 7 g. J. & D. London and New York. $&.£ 1871 .£200 1,996,660 6 g. F. & A. do do 1872 600,000 7 M. & S. N. Y., 120 Broadway. 1877 $1,000 1,000 2,110,000 6 g. J. & D. do do 1879 1,000 10,769,000 6 g. J. & D. do do 1880 1,000 1867 2,850,000 7 J. & J. do do 1877 100 &c. 892,000 7 A. & 0. do do 1,000 1880 . 1,960,000 6 g. A. & 0. do do 1,000 1880 580,000 6 g. M. & S. do do 1,000 1880 5,000,000 6 g. J. & J. do do 1,000 1880 1,000,000 6 g. J. & J. do do 1,000 1881 3,500,000 6 g. M. & S. do do 1,000 1881 3,000,000 3 g. M. & S. do do 1881 1,000 50,000 6 g. M. & N. do do 1,000 1887 1,764,000 5 g. M. & N.• do do 1888 1,000 5,l29,000 5 g. M. & N. do do 1890 l,OOO&o Bee text. 4 g. J. & J. do do 1000 1895 4 000 000 412 g. M. & s. do do i:ooo is6s I Lo-.il•vllle Evan8vllle & St. Loni• Oon8olldated.-Operates Louisville, Ky., to East St. Louis, Ill., 275 miles; branches to Evansville, Rockport, etc. in Indiana, 97 inlles ; total, 372 miles, of which 356 miles owned and 16 miles trackage; 345 miles are steel, from 56 to 70 pounds. Also owns Venice & Carondelet, leased to East St. Louis Connecting, 7 miles. Portions main line operated under trackage rights ; Louisville to New Albany, 6 m.; Walnut Hill to Centralia, 712 m. RECEIVERSHIP.-On Jan. 4, 1894, E. 0. Hopkins and James H. Wilson were appo~ted receivers. V. 5S, p. 43; V. 61, p. 471. On Mar. 8, 1895, $200,000 receivers' certificates was authorized. V. 60, p. 481. COMMITTEES.-Oonsolidated Bondholders: Charles S. Fairchild, 46 Wall St., N. Y., Chairman; Wm. L. Bull, James Stillman and W. H. Payne and Mayer Lehman. Secretary, Osborn W. Bright, 44 Wall St, N. Y. In Ja.n., 1896, $3,347,000 first consol. 5s had been deposited. This c_ommittee will prepare a reorganization pian; depositary, N. Y. Security &Trust Co., 44 Wall Street, N. Y.-V. 60, p. 522; V. 6l,p. 559. Fi,rst Mortgage Bondholders: W. T. Hart, John Graham, John Stites. -V. 60, p. 873. Formal foreclosure proceedings under consol. mortgage in progress. CAPITAL STOCK.-Common stock issued, $3,790,747; par, $100. (See V. 56, v. 289, 413.} In January, 1895, $457,162 prefd. outstanding. BONDS.-Illinois & St. Louis first 8s for $200,000, due June 1, 1895, were purchased by the N, Y. Security & Trust Co., 44 Wall Street, with interest to June 1.-V. 60, p. 967 . .Abstract consol. mort. in V. 49, p. 208. Of the general mort. 4s, in Jan., 1894, $2,076,850 had been issued in exchange for preferred stock, settlement of E. & T. H . aotount, etc., $577,000 were held as collateral for loans and $695,400 were in hands of trustees to be issued for preferred stock. Ir.. Oct., 1895, the Stock Exchange reported $2,432,000 listed, {See V. 56, p. 289, 413.) COUPON.-See table above as to coupons paid and unpaid. N. Y. Security & Trust Co. pays interest when ordered. GENER.AL FIN.ANCES.-The receivers report dated March 4, 1894, ataied that abouli $1,000,000 should be expended during the next six years to put the road in condition. Jan. 1, 1895, bills payable were $296,499; equipment noteP, $251.967. E.ARNINGS.-11 months, 51895 ...... gross, $1,375,693; net, $343,421 Jan. 1 to Nov. 30. c1894. . .... gross, 1,292,894; net, 268,316 REPORT.-For period from January 4, 1894, to Jan. 1, 1895, (about one year) the receivers report earnings as follows: Gross, $1,378,728, against $1,648,104 in full year 1893; net, $323,191, against $562,· 279; rental from V. & C. Belt, $12,400; track rental $100,475; taxes, $88 025, leavini? $147,091 for payment of fixed charges. -(V. 58, p. 43, 82, 595, 864; V. 59, p. 372, 600, 1141; V. 60, p. 346, 4.32, 4?1, 522, 562, 873,967; v. 61, p. 152, 196, 324, 366, 471, 559.) Louisville & Nashvllle.-(See Map.)-Ro.AD.-Operates main line from Cincinnati. 0., to New Orleans, La., 921 miles, with branches to Bt. Louis, Mo., Memphis, Tenn., etc., 2,034 miles, making total system proper June 30, 1895, 2,956 miles. The system includes: Lines owned absolutely or I I Reported separately. Miles. through entire capital stock. Miles. 11 Nash ville Flor. & Sheffield .... 105 Louisville to Nashville....... 185 1iNashville Chatt. & St. Louis .. 902 Sundry other lines ....••.•••. 2,421 if Henderson Brid~e . . . . . • . . . . . . 10 Lines leased, de. ,rGeorgia Railroaa system ..... 721 tNashville & Decatur........ 1191 Operated for other co's .......• 88 ,rsouth & North Ala. RR..... 182 Owned but leased to other co's. 67 Other lines.................... 49 I' (if See this company.) Total system proper •••... 2,956 Total of all June 30, '95 . .4,849 ORGANIZATION, &c.-This company was ohart;t,red March 2, 1850, and opened between Louisville and Nashville November, 1859. Tne llabillt1,es for interest on the auxiliary roads are treated mostly as belonging directly liO the Louisville & Nashville Co. A list of the securities owned and in the sinking fund June 30, 1895, was in V. 61, p. 614, 618. In December, 1890, the stock of Kentucky Central was acquired. For Henderson Bridge see Miscellaneous Companies. 8TOCK.-ln July, 1891 it was voted to increase the stock from $48,· 000,000 to $55,000,000 for purchase of Kent. Cent. RR., &c. Of the new atock $4,800,000 was taken by l!ltockholders of July 21 at 70, and July 1, 1895, $2,200,000 was held in the treasury. Further increase in stock to $60,000,000 authorized in Nov., 1893. V. 57, p. 596,809. · DIVIDENDS c'81. '82. '83-'87. '88. '89. '90. '91. '92. '93. 5 None Per cent. 5 6 3 None. 5stk. 5 stk. 6t 5 4 4 { since Jan. 1, 1945 July 15, 1931 July 1, 1921 June·1,"i921 Oet. 1, 1926 Oct. 1, 1936 Oct. 1, 1927 1900-1902 July 1, 1939 Mar. 1, 1943 See text. Apr. 1, 1898 June 1, 1901 Aug. 1, 1902 Moh. 1, 1907 Dec. 1, 1919 June 1, 1930 Jan. 1, 189'1 Oct. 1, 1907 Apr. 1, 1910 Moh. 1, 1920 Jan. 1, 1930 Jan. 1, 1930 Moh. 1, 1921 Moh. 1, 1980 Nov. .1, 1931 May 1, 1937 Nov. 1, 1931 July 1, 1940 Sept.1 1945 the balance for improvements, extensions (at the rate of $32,000 per mile. including equipment)'/ and for otherpurposes. The mortgage oov• era (besides . 1,080 miles o road and its eqmpment) $22,708,100 stock of companies controlled, and $1,100,000 bonds free from anJ lien. See abstract of mortgage in V. 51, p. 613. On June 30, 1895, company reported $15,324,000 ou1 standing, of which $2,330,000 were held in the treasury; in .August $2,019,000 of tbese treasury bonds were listed (leaving $311,000 in treasury); total listed on N. Y. Stock Exchange $14,994,000 in January, 1896. Additional unified bondsfor$9,289,000 will be set free when the 10-40s are paid off on Feb. 1, 1896. The Mobile d Montgomery-Louisville & Nashville Joint mo1·tgages is for $5,000,000 (trustee, Central Trust Co., New York); the old Mobile & M. bonds (held as collateral for 10-40 adjustment bonds) will be canceled, and the joint bonds be a first lien on the 17812 miles of main line, Mobile to Montgomery; $1,000,000 reserved for improvements. V. 61, p. 196, 750. .As to Kentucky Central mortgage (Metropolitan Trust Co. of New York, trustee), see abstract V. 45 p. 372. Covington & Lexington firsts for $219,000, due June 1, 1895, were paid.-V. 60, p. 1058. Pensacola & Atlantic first mortgage bonds (assumed) are gradually being called for the sinking fund at 110. GUAR.ANTIES.-Besldes bonds in table, the Louisv. &Nashv. isresponslble for $2,100,000 bonds and dividends on $2,305,582 stock of Nashville & Decatur (which see); for $9,873,830 bonds South & North Alabama (see that company); for interest on $300,000 So. Div. Cumb. & Ohio. and for $2,096,000 Nashville Florence & Sheffield bonds-see that co'y. GENERAL FINANCES. &c.-For 1895-96 estimated interest charges are $4.952,424. V. 61, p. 614. On June 30, 1895, current liabilities were $4,373,595, including $825,000 bills payable and $638r346 dererred renewals of equipment, etc.-current assets, $5,071,687, mcludiog $399,643 cash and $2,200,· 000 L. & N. stock in treasury. Dating from July 1, 1894, the "construction account" has been closed. In August 1895, the $4,531,000 of 10•40 adjustment bonds were called for redemption on Feb. 1, 1896, and $4,000,000 of bonds on the Mobile & Montgomery were issued. This operation enabled the com pany to pay off about $1,000,000 of floating debt, and makes available $9,289,000 of ",mifl.ed" and $1,898,000 of other bonds, at the same time de<'reasing the annual interest charge (taking into account interest on floating debt) between $50,000 and $75,000 per annum. See V. 61, p. 196. In January, 1897, and April, 1898, the company will be able to refund at a lower rate of interest about $10,000,000 of 7 per cent bonds. In August, 1895, $2,019,000 additional unified 4s were listed on the New York Stock Exchange, being part of the $2,330,000 held in the treasury June 30, 1895. LATEST EARNINGS.-Staliement for the six months ending Dec. 31 was given in V. 62, p. 85, where details of "all other charges" will be found (December, 1895, is partly estimated) : 6 mos. end. Gross Net Fixed Other All other Dec. 31. earnings. earnings. charges. income. charges. 1895 ...... $10,712,225 $3,871,802 $2,834,170 $180,176 $131,332 1894 ...... 10,186,878 4,106,638 2,820,766 179,844 1,065,282 1893 . . . ... 9,755,923 3,874,577 2,850,713 161,940 72,124 which leaves u. balance surplus over all charges for six months of $1,086,476 in 18Q4, $400,434 in 1894 and $1,113,680 in 1893. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held m Louisville the first Wednesday in October. Re:port for 1894·95 was given in full in V. 61, p. 607,613. See also editorial p. 590. Year end. June 30. 1895. 1894. 1893. 1892. Averagi, mileage.... 2,956 2,956 2,943 2,857 $ $ $ $ Freight earnings.... 13,537,099 12,901,114. 15,450,163 14,604,220 Passengers.... . . . . • • 4,370,154 4,600,961 5,213,533 5,137,017 Mail, express, etc. .. 1,368,741 1,472,262 1,739,943 1,494,444 Gross earnings ... . Ul,275,994 18,974,337 22,403,639 21,235,721 Transportation..... . 5,968,232 6 , 077 •215 l 10 163 578 9 876 679 Maint. of equip ....• 2,069,827 1,936,947 5 ' ' ' ' 2,044,412 2,570,492 2,404,712 " of way,&o.. . 2,117,809 General ............. . 2,121,905 1,805,211 1,648,573 1,510,731 Totaloper.expen. 12,277,773 11,863,786 14,382,643 13,792,122 8,020,996 7,443,599 Net earnings .....••• 6,998,221 7,110,5.62 (64·20) (6'3·69) (62·53) (64·95\ P. ct.of exp. toearn'gs Net, incl. invs'ts..... . 7,361,494 7,382,840 8,437,105 7,976,892 579,538 513,185 Taxes paid ........... . 569,3~6 600,359 . . 5,065,277 4,911,258 4,860,878 Interest and rent ..•• 5,013,738 t In 1890 of the 6 p. o. paid there was 4910 in stock. 108,264 24,784 70,978 124,696 Georgia RR. deficit .. 139,930 · 127,043 128,001 90,025 BONDS.-The Evansv. Hender.~ Nashv. bonds are drawn at llObylot Loss on other roads .. aill".ually in October, for payment Dec. l; $30,000 a year till 1895, then Advances to So. & 225,737 No. Alabama, etc . . 704,556 increasing each five years until $150,000 per year is finally reached. 175,000 The Pensacola Division bonds are subject to a drawing sinking fund Sink. fund paym'ts . 2,112,00() 2,376,00<i Dividends ........... . '5.000 till 1900, inclusive, then $10,000, and so increasing. The general mortgage bonds of 1880 are subject to call at 110 in inBalance •.....•••..•••• sr.70u,585 sr.1,552,490 sr.410,551 def.25,867 oreasing amounts equal each year; $220,000 in all in 1894·95. In June, 1890, the "uni fled'' mortgage (trustee, Central Trust Com- -(V. 59, p. 58 0 ,5 99, 602,742,878,969, 1006; V. 60, p. 82, 302.56r, pany) for $75,000,000 was authorized, $41,917,660 bonds being re- 655, 1058, 11'>5, 1145: v. 61, p. 69,196,240,281,59 0 , 80 7,t611J 6 1 3 , served to retire all prior liens (none of the prior liens oau be extended), 750,793,872, 1107, 1155; v. 62, p. 85.\ --- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ---- ---- - -- J A.NU.A.RY 1896 J RAILROAD STOCKS AND BONDS ~-====""===== ============ ~=========== ========= https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LOUISVILLE , \ NEW ALBANY & CHICAGO RAILWAY so INVESTORS' SUPPLEMENT. rvoL. LXII. Subscribers -will couCer a great Cavor by giving lmm.edlate notice oC any error dhcovered In these '.l'able■• Bonds- Prtnet RAILROADS, INTEREST OR DIVIDENDS. Miles Date Size, or Due. Amount Rate per When Where Payable and by pal,When For explanation of column headings, &c., see notes of of Par Outstanding Stocks-Last on il.rst page of tables. Cent. Payable Whom. Road. Bonds Value. Dividend. --- - - -· M.&N. N. Y., 120 Broadway . .Lou.is1'. & Nashv.-ruon.J-Louisv.Ry.Trans. l stM. ..... $286,000 8 ---- $ 1,000 Pene.&At. 1st M .. gold,s.f.,dr'n at ll0assumed.c* i60 1881 1,862,000 6 g. F. & A. do do Kentucky Central-Maysville & Lex. RR. mort.. . 49 1876 1,000 400,000 do 7 J. & J. do 1,000 4 g. J. & J. 6,742,000 do do New mortga~e ($7l00,000l gold .. .. . ......... o* 220 1887 Inu:iB'DilleNew A b.ct a ic.-Stock, $6,250,000 is prf. 100 15,250,000 See text. N. Y., Office, 80 B'w~. J_..&.. J. N. Y., Chase Nat. Ba let M. Lou. Div.-New Albany to Mich. City . . . o* 288 isso 1,000 3,000,000 6 1,000 2,300,000 6 g. F. & A. do let M.li Chio. & Ind'polis Div.,Chio. to Ind.,gold.c* 158 1881 do Coneo dated mortgage (for $10,000,000) gold.o* 512 1886 1,000 6 g. A. & O. do 4,700,000 do 1,000 2,800,000 5 g. M.&N. do do General mortgage, $25,000 m., gold .......... c* 512 1890 Equipment notes July 1, 18 5 .. ...... .......... .. 150,846 6 Eq,ui~m•t s. f. bonds, gold,$1,000,000, see text.o• i894 5 g. J. ··&·n. do do 700,000 Louisville St. Louis & Texas-lat mortgage, ·gold . . c"' i22 1887 2,800,000 6 g. F. &A. Last paid Feb., 1893. 1,000 1st consol. mort., $5,000,000, gold .. . ..•........ c* 166 1892 1,000 1,629,000 5 g. M.& B. Moh., '9fn coup. last pd. Lykens Valley-St'k,l0p.c.rental, 999 yrs. Nor.Cent. 20 21 600,000 10 p. an. Q.-J. N. Y., 0 ce, 13 Wm. St. 1,000 2,012,000 5 g. J. & J. In default. ~ h. ct Difr·--:1st M.$3,000,000, $20,000 P·D;·•fi·c* 115 isoo aeon ct Birming.-lat M.. for $20,000 p. m., 0 0 d .. 5 g. M.&N. 1,000 1,940,000 97 1890 ·······--· Macon Dublin & Savannah-Stock ..••••.•••••...... ··-· .. .. 100 3,200,000 ····· · Portaiiii," ·office. Maine Oentrat-Stock .......•....• . ...... ............ 100 4,984,800 Bee text. Q~.::j. Me. C. loan for $1,100,000, Danv. Jc. to Bangor.c ioo i868 100 &o. J. & J. Bost., N.Rev. Bk.; Port. 756,800 7 496,500 6 g. A. & 0. do do 18 1870 500 &c. Extension 1st M., fold:it_i:°umberl. June. to Dan.. c Leeds & Farm. RR. st ., Leeds to Farmington.o J. & J . do do 633,000 6 36 1871 100 &o. Me.C. 1st M., oons., A. B. C. D. ($269,500 5s) ... o ... 1872 100 &o. 4,Hl3,500 5 & 7 A. & O. do do Do do do ($1,374,000 4s).o* !304 1872 100 &c. do do 2,898,000 4 & 419 A. & O. Collateral.trust bonds for Mt. Desert Branch .. .. o J. & D. Bost., Am.L.&Tr.; Port. 41 1883 1,000 674,000 5 Sinking fd. 10·20s, gold, old 6s, ext. Feb. 1. '95 .. c ..... 1885 1,000 600,000 412 g, F. & A. Portland Tr. Co., Port. Improvementbonds,"A" and "B." gold. notmort. 1886·7 450,000 419 g. J. & J. Bost., N.Rev. Bk.; Port. :Me. Cent. Eu. & No. Am. refunding mort., gold... .56 1893 1,000,000 4 g. J. & J . Boston and Portland. European & N. Am. stock, 5 p. c. rental 999 years 114 ..... 100 2,488,700 5 per an. A. & C. Bangor, Treas. Office. Portland & Ogdens. stock (2 p. c. rental, 999 years) 109 4,381,883 2 per an. Q.-F. Portland:& Me. Cent. Of. 100 62 isfo 500 &c. 1st mo~a@e. gold, interest 11:uar ............... o 800,000 6 g. J. & J. ]Bost.,N. ev.Bk.&Port. Consol. . 20,000 p. m. (guar. by ena.) . . ...... o 107 1888 1,000 M. & N. Bos., N. Rev. Bk. & Bos. 1,319,000 5 E· ---· i:ooo ru:e:: i:ooo May 1, 1901 Aug. l, 1921 Jan. 1, rnoe July 1, 1987 See text. July 1, 1910 Aug. 1, 1911 ~r. 1, 1916 ay 1, 194C 1895 to 1899 Dec. 1, 1914 Feb. 1, 191? Sept. 1, 1942 Jan., 1896 Jan. 1, 1940 1940 J ai1:·1,..i89U July 1, 1898 Oct. 1, 1900 July 1, 1896 Apr. 1, 1912 Apr. 1, 1912 June 1, 1923 Feb. 1, 1905 July, 1916-17 Jan. 1, 1933 Oct. 15, 1895 Feb., 1896 July 1, 1900 Nov. 1, 1908 Louisville N e-w Albany & Chicago.-( See Map;-Operates the j ANNUAL REPORT.-F'or year ending June 130, 1895, gross, $414,432; "Monon Route" from Chicago, Ill., via Monon, Ind., to Indianapolis, I n et, $6~,275, after deducting large amounts for extraordinary ex• Ind., and Louisville, Ky., with branches-the system including: :penses. In year 1894 gross earnings were $424,365, a/?:ainst $526,694 Lines owned.Miles. Ope1·. under contractMiles. m 1893; net, $91,751, a~ainst $165,183. In year 1892·9:; gross, $628,· IndianaStateLinetoindianap.162 Chicago to Ind. State Line .. ... 20 112.-(V. 60, p. 43, 83; V. 61, p. 662,794; V. 62, p. 138.1 New Albany to Michigan City .289 New Albany to Louisville...... 5 Louisville Southern.-BEE SOUTHERN RAILWAY Co. Securities all ow .. edConnection in Indianapolis.... 2 Bedford & Bloomfield RR. . .... 41 Lykens Valley KR. & Coal Co.-Owns from Millersburg, Pa., to Orl W.B.& Fr. Liok Springs Ry 18 Total of all . ...... . ..... .... . 537 Williamstown, Pa.., 20 miles; branch, 1 mile; total operated, 21 miles. A lease for 999 years with Chicago & Western Indiana (of whoee stock It is a ooal road leased and operated by the Northern Central Railroad this company owns $1,000,000) gives entrance to Chicago on a mileage since July, 1880, and previously by the Summit Branch Railroad. The basis. As to Indiana & Illinois Southern see V. 61, p. 512. lease is for 999 years from March 1, 1866-rental $62,500 per annum. ORGANIZATION.-The rlouisville New Albany & Chicago was opened in Lynchburg & Durham.-Completed in 1890 from Lynchburg 1852 and sold in foreclosure Dea. 27, 1872, and reorganized. In August Va., to Durham, N. C., 114 miles. Leased for 999 years from March 1, 1881, consolidated with Chic. & Ind. Air Line. 1893, to Norfolk & Western which in 1895 was placed in receivers' CAPITAL BTOCK.-In Noveruber, 1893, the $12,000,000 of stock then hands. Stock authorized, $2,000,000; outstanding, $1,876,300 (par, outstanding was classitied into $9,000,000 of common and $3,000,000 $100), of which N. & W. owned $1,163,000 on Jan. 1, 1895. Mortgage of preferred, and an additional $1,500,000 preferred was sold to stock• trustee is the Mercantile Trust Co. In year 1894 gross earnlnge holders at 40 per cent to :pay for equipment. For future capital re• $150 ,022; net, $6,129; detlcit under interest and other charges, $64,708 quirements from time to tune an additional $2,500,000 of preferred -advanced by Norfolk & Westt>rn, which company claims $114.256 may be issued; $1,750,000 wa1' so issued April 27, 1895, making total in all due for advan ces. In 1893 gross, $163,474; net, $19,863; in preferred issued $6,250,000. The preferred is entitled to 6 p. o. divi- 1892 gross, $135,165; net, $26,394. (V. 54, p. 159; V. 61, p. 471.) dends only, non•cumulative. Macon & Blrmlngham.-Owns Macon Junction to La Grange DIVIDENDS.-On new preferred February 15, 1894, 112 per oent. Ga., 97 miles. Messrs. Gill, Shaw and Ober of Baltimore are a bond• BONDS.-The general mortgage of 1890 is for $25,000 per mile of road holders' committee. R0AD.-Sold in Foreclsoure Dec. 27, 1895, to Ed· and $10,000,000 bonds are retierved to retire the lsts as they mature. wards & Parsons of Boston for $200,000 for the road and $169,000 Trustee Central Trust Co. The Bedford & Bloomfield Railroad and !or lease warrants.-V. 62, p. 40. the Orleans West Baden & French Lick Sprin~s Railway have no First mort. bondholders' committee request de:posit of bonds in N. Y. debt, and their entire capital stock is dl-}pos1ted as security for Security & Trust Co.-V. 58,p. 82. W. B. Sparks 1s receiver. Receiver's the Louisville New Albany & Chicago consolidated and general mort· certificates for $30,000 have been authorized. gages, as is also the $1,000,000 of Chicago & West Indiana RR. stock and $240,000 stock of the Belt Railwav of Chicago. EARNINGS.-~ months, ~ 1895 ....••.... Gross, $3(],403; def., $2,247 The equipment bonds wert, authori?:~1 in Sept., 1894. Mort11:age July 1 to Nov. 30. 5 1894 ........ .• Gross, 3o,490; net, 8,028 trustees are Jam.es Murdock, Lafayette Ind., and Central Trust.Co., In year ending June 30, 1895, gross, $78,303; net, $12,485. Charges, New York. Sinking fund is $30,000 yea..tly, commencing Sept. 1, 1898, $102,843. Balance, deficit, ·$ 90;357. In 1893·94, gross, $71,050; net, and bonds can be drawn at 105. Bonds wlll be issued only as title of $12,331. In 1892·93 gross, $69,7ql; net, $11,200. (V. 59, p . 1007; V. equipment is veated in trustee; $29!.J000 equipment bonds are reserved 60, p. 83,795; V. 61, p. 611,830,871; V. 62, p. 110.) against the equipment notee.-See v . 60, p. 7 49. Bills payable June 30, 1895, were $234,932, against $342,081 in 1894. Maeou Dublin & Savannah.-OWD s road completed from American Express Co. lO·year instalment loan, $194,444. Equipment Macon to Dublin, 54 miles; projected to Savannah, 99 miles additional. notes for $19,257 fall due m 1895. Built by the Illinois & Georgia Improvement Company of Chicago. V. GENERAL FINANCES.-Under the new management more than $3,000,· 60, p. 711, 794, 873. In year ending June 30, 1895, gross, $51,952; net, 000 has been expended for improvements, the entire line being now laid $9,740; charges, $2,684; balance, surplus, $7,056. In 1893·94, g 1·oss, with steel. As to old Chicago & South Atlantic claims see V. 60, p. 522. $55,114; net, $20,314.-(V. 60, p. 711, 1058.) In May, 1895, to dlschar#le bills payable, old car trusts and certain Macou & Northern Ky.-Absorbed b y Central of Ga. Ry.-See. ·Improvement expenditures the company sold to stockholders $700,000 equipment sinking fund 5s and $1,750,000 of preferred stock. Malue Central.-Line of road, Portland to Vanceboro, Me., vta 251 miles; branches, Cumberland Junction to Skowhegan, E ARNI NGS .- 4 montl18 • 1895 • • • • • • Gr 08 8 • $1 ' 225 ' 793 ; net ' $499' 944 Augusta, 91 miles; Bath to Lewiston and Farmington, 76 miles; branches91 July 1 to Oct. 31. l894 ...... Gross, l,0 , 148 ; net, 4 o7 , 439 Belfast, Dexter, Bucksport and Mt. Desert Ferry (712 miles), 133 miles; ANNUAL KEP0RT.-F1soal year changed in 1891 to end June 30. Portland & Ogdensburg RR., Portland, Me., to Lunenberg, 109 miles; Report for 1894·95 was given in V. 61, P, 512, and showed: small branches, 6 miles; Upper Coos and Hereford railways, Lunenberg, 1894·95. 1893·94. 1892·93. 1891·92. N. H., to Lime Ridge, Quebec, 108 miles; Bath to Rockland (including Gross earnings . ....... $3,067,014 $3,135,882 $3,416,488 $3,067,108 steam ferry, 6·10 miles,) 48 miles: total, 822 miles, of which 345 miles .Net earnings. ......... 996,104 1,017,272 1,060,622 952,160 owned, 4~9 miles operated under 999 year leases, and practically Dividends received. ... 78,600 60,000 74,400 45,000 owned; 33 miles operated under 50-year leases and 8 miles ferry lines. l Total net income. $1,074,704 $1,077,272 $1,135,022 $997,160 Interest on bonds, eto 7S3,063 772,599 763,810 768,243 als 221,823 226,688 191,031 163,001 Rent.. · •··· ·• · · ·· · · · · · _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Balanoe,surplus .. $69,818 11'$77,985 $180,181 $65,916 ,r Paid on preferred $57,252; balance surplus, 1893•94, $20,733. Samuel Tnomas, .Pres., N. Y. (V. 58, p. 82, 941: V. 59, p. 191, 423, 4'70, 473,515; V. 60,p. 522,748,795,836,929; V. 61, p. 512.) Louisville St. Louis & Texas.-RoAD.-Louisville to Hender• aon Ky., 142 miles, of which West Point to Louisville, Ky., 21 miles is u-aokage; owns also Irvinl(ton to Fordsville, Ky., 43 miles, and branch 1 mile ; total operated, 186 miles. August, 1893, coupon wa~ not paid, and Attilla Cox was appointed receiver. COMMITTEES-First Mo1·tgage Oommittee: w. H. Male, New York City; Samuel D. Davis, John J . McCook and Harry Weissinger. Oon• .olidattd Mo1·tgage: Brayton Ives, William Trenholm, E. M. Post, Oscar Fenley. In January, 1896, a reorganization plan was issued by John J. McCook, C. B. Van Nost.rand, H. Weissinger and Oscar Fenley. PLAN.-The plan in V. 62, p. 138, provides for $2,500,000 of new first mortgage gold bonds, $2,000,000 of preferred stock and $2,000,· 000 common stock. Old first mortgage bondholders receive for each $1,000 bond and over- due interest, $600 in new firsts and $571 43 in prefe1red stock. . STOCK-Capital stock is $3,037,200; par, $100. BONDS.-Consols are outstanding only as collateral. (V. 57, p. 1039.) In Jan., 1896, there were outstandmg claims said to be ahead of bonds $115,224, and also $260,985 car trust notes and certificates. Mortgage trustee. Central Tr. Co. EARNINGS.-9 months, ~ 1895 ....... Gross, $305,994; net, $59,310 Jan. 1 to Sept. 30. 51894....... 6ross, 312,484; net, 58,452 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ORGANIZATION.-A consolidation in 1862 of the Androscoggin & Kennebec and the Penobscot& Kennebec, into which have since been merged the Port. & Kennebec, Somerset & Kennebec and Leeds & Farmington RR. Co. Stock for $2,516,000 is owned by Boston & Maine. DIVIDENDS.-In 1882, 2 per cent; in 1883, 519; from 1884 to Jan., 1896, both inclusive, at the rate of 6 per cent yearly. · BONDS, GUARANTIES.-Consols of 1872 are held in trust to retire all underlying bonds at maturity. From Jan. 1, 1894, to April 1, 1895, about $2,000,000 of 6 p. c. bonds had been refunded at 4 p.c. and $600,000 of 6s at 412 t>- o. There were also on June 30, 1895, $76,000 Shore Line 6s, due 1923, also $150,000 Belfast & Moosehead Lake mortgage bonds, due 1920, not guaranteed, interest and sinking fund paid out of the rental. Jointly with B. & M. guarantees $300,000 Port. Union Station bonds. FLOATING DEBT.-Notes payable were $863,30'1 on June 30, 1895. ANN:JAL REPORT.-Fiscal year ends June 30 (formerly Sept. 30) . Annual meeting 3d Wednesday in October. Report for the yta1· ending June 30, 1895, wa,; in V. 61, p. 659. Years ending June 301895. 1894. Gross earnings . . .......•............. . . .... . $4,655,5ij4 $4,839,761 Net earnings............... . .... .. .......... 1,616,601 1,703,198 Per cent or oper. expenses to earnings.... (65·27> (64·80) Interest and rents . ..................... . ... 1,321,771 1,309,538 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 298,501 298,501 Balance•.............................. ... def.$3,671 sur.$95,159 Year ending Sept. 30 - 1894. 1893. 1892. 1891. Miles operated. ......... .... 822 822 821 Total gross earnings .••. $4,561,138 $4,951,835 $4,757,603 $4,324,905 Net earnings ..••••..•••• $1,603,363 $1,610,311 $1,695,813 $1,382.527 J.ANUARY, 81 RAILROAD STOCKS AND BONVS. 1896.j Subscribers -will confer a great Cavor by giving Im.mediate notloe of any error discovered In these Tables. · Bonds-Prino1INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due, Amount Rate per When Where .Fiiya~~. and by pal,When For explanation of column headings, &o., see notes of of Par Stocks-La.at Whom. · Road. Bonds Value. Outstanding Cent. Payable on first page of tables. Dividend. - - --isso .llaine Oentrai-r Oonr,lucted.J17 Dexter &Piscata%uis stock 5 e._,o. rental 999years. 17 l 11t M., Dexter o Dov er, e o., guar. by end . .... 53 Hereford R'y stock (4 p. o. rental for 999 years) .. 1st mortgage, guar. p. & i. (endorsed) .... . .....• 53 i890 22 uyper Coos RR. stock, 6 p. o. rental 999 years . 22 i890 st mort., ~ar. p . & i. (endorsed) .. . ..•...•...... 33 1890 Extension ., $21,000 p. m., guar. ~- & i. (end.). 48 Knox & Lincoln stock, guar., 5 o., 99 years . .. 1st M. Penobscot Shore Line R. Co., assumed. 48 i890 K. & L. 2d mort{age (for $400,000) assumed ... 48 1891 Dexter & Newpor , stock,5 p. o. after Nov . 25,'98. 14 .... Ea.stern Maine, stock, 412 p. ct., rental 999 years 18 Manchester cl: A 1iguslar-lat mortgage, gold. ...... c* 65 i893 <Jharleston & Northern 1st mort. "B" gua r., gold . 79 1895 Manches. 4 Law.- Stook,10 p.c.ren'l till 1937•.B.&M. 22 is92 Real estate bonds (not mortJ int. gu. by B.& M ·c Manhattan Etevated.-Conaoli ated stock . . . ........ ·a6 Metropol. El. 1st M., $600,000 p. m ., assum'd.g.o• 18 is1s 18 1879 2d morttage (assumed) ..........•......... .. .. o* 32 1886 N. Y. El. eb.i secured by oonsol. mort. of 1890 .. Manhattan E evated consolidated mort., 1,rold.. o* 32 1890 llaric<Ypa d Phrenw-lat mortgage, gold ........... o 34 1886 NORT HERN. Marietta " No. Ga.-SEE ATLANTA KNOXVILLE & !Lason Oity 4 Fort Dodge-lstm.$15,000 p . mile, g. 92 1886 l/: --·· •emphis d Oharteston-Stock ••.•...•••.•.•...•.••••• Tenn. State lien $1,736,906,lst M.on line in Tenn. "93 '54)67 .Ala. & Miss. old 1st and 2d morts. (See text) . .... .6onds of 1880, secured by old morts.in trust, gold. 1880 Old 2d mortgage bonds, extended (See text) . ... o text. 1867 <Jons. M. of '77 with 1st lien on 93 m. in Tenn., g.c* 293 1877 Consol. mortgage of 1877, gold ....•...........•. o* 293 1877 see· $100 1,000 100 1,000 100 1,000 1,000 100 1,000 1,000 100 100 1,000 100 1,000 100 £&$ 1,000 1,000 1,000 1,000 1,380,000 5,312,725 As collateral As collateral 2,155,000 1,000 105,000 1,000 1,400,000 1,000 864,000 ···25 ------ i:ooo -(V. 59, p. 1055; V. 60, p. 349,836; V. 61, p. 559, 659.) Gross. Net. Surplus over dividends .... def.$277,954 $532,647 $1,171,292 Number of passengers carried and gross earnings have been : Year end. Year end. Sept. 30. Passengers. Earnings. June 30. Passengers. Earnings. 1884-85... 102,354,729 $7,000,566 1890-91. .196,714,199 $9,959,710 1885-86... 115,109,591 7,426,216 1891-92 ..• 213,692,570 10,835,978 1.886-87... 158,963,232 8,102,662 1892-93 ... 221,407,197 11,226,359 1887-88•. . 171,529,789 8,673,871 1893-94. .. 202,751,532 10,465,254 1888-89 ... 179,497,433 9,080,881 1894-95 .. . 187,614,985 9,684,705 1889-90 . .. 185,833,632 9,388,681 -IV.59,p.291,371,4~1,780,879,918,1007; V.60,p. 177,302,657, ~795, 836. 873, 967, 1059; v. 61, p . 279, 281, 869,871 ; v. 62, p. 138.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I J. & J. J. & J. M.&N. M.&N. M.&N. M . & N. M.&N. F. & A. F. & A. F. & A. M.& 8. M.&N. J. & J. M & S. M.&N. J. & J. Q.- J. J. & J. M.&N. M.& 8. 5 4 g. A. & 0. 6 g. M.&N. Dover, Me., Office. Bost. N. R ev. Bk., Port. Portland, Me. Cent. Of. Boston, Mass . Nat. Bk. Portland, Me., Offloe. Bost., N. Rev .Bk. ; Port. Portla nd, Me., Office. Portl'd,Me.,Me.Cent. Of. Boston, Nat. Revere Bk. do do Dexter, Me., Office. Rockland, Me., Office. Balto. , Sa.re Dep. & Tr. Manchester and Boston. Boston, B. & M. RR. N. Y., 71 Broadway. N. Y.,MeroantileTr.Co. do do N. Y.,MercantileTr.Co. N. Y., Of., 71 Broadw'y. N . Y., Farm. L. & Tr. Co. J a n ., 1896 July 1, 1929 Nov., le,~5 May 1, 1930 Nov., 1895 May 1, 1930 May 1, 1930 Feb ., 1896 Aug. 1 , 1920 July 1, 1921 Sept., 1895 Nov. , 1895 Jan. 1, 1943 1915 Nov. 1, 1895 Jan. 1, 1922 J a n. 2, 1896 July 1, 1908 Nov. 1, 1899 Moh. 1, 1916 A.pr. 1, 1990 Nov. 1, 1916 6 g. J. & J. I n default. July 1, 1926 ··---· ....... .... -.. -.. -... ··-·· various. 7 7 g. J. & J. J. & J. 7 7 g. J. & J. 7 g. J. & J. i>aid Aug. July ,' 93; l,'95 July ,'93, p aidAug.l,'95 July,'~3,pa idAug .l ,'95 July ,'93, p a id Aug. l,'95 . .... --· Jan:·1;·i915 Jan. 1, 1915 Jan. 1, 1915 Jan. 1, 1915 Jan. 1, 1915 - Marietta & North Georgla.-Sold in foreclosur e Nov. 25, 1895 a nd reor1?anized a s the Atlanta Knoxville & Northern Ry.- which s ee in this SUPPLEMENT. Mariett a & North Georg ia bondholders wera allowert to subscribe to the Atlanta K . & N. second m ortgag~ bonds to the ex tent of 10 per cent or their holding11, recei ving f or each $100 paid :HOO in second mortgage bonds and a bon us of $1 ,000 in 5 p er cen income bonds, non-cumulative Pay m e nts to be m ade in :five equat instalments, p ayable bi-monthly, beginning Feb. 1, 1896. V. 6~ , p. 851 · Bason City & Fort Dodge.-Owns road from Mason City, Ia., to Lehigh, Ia., 88 ~es, and branch, 4 miles. Stock authorized, $5.000,000: outstan~ng, $9~0,000; par, $100. In year ending ~une 30, 1894, gro 11 " earrungs, $133, 7 92.; n et o ver t axes, $22,613 ; mterest char~es, $ 82,B00; balance, detl01t, $60,187. In y ear Pnding June 30, 1895 . gross , $128,612; net, $31,969; charges, $91,589; balance, de~cit,, $59.620. In 1893·9 4 gross, $133, 792; net, $32,?23. Total deft 1t to June 30, 1894, $525,848. President, James J. Hill, of St. Paul. Memphis & Charleston.-ROAD.-Owns from Memphis to Btev enson, Ala., 272 miles; branches to Florence, etc., 20 miles; leases to Chattanooga, 38 miles ; total, 330 miles-largely 56 pounds steel. RECEIVERSHIP, ETC.-The Southern Railway Company on October 31, 1894, owned $2,656,525 ?r the stock, but right to vote thereon was contested. (V. 50, p. 703, V. 52, p. 831.) On .fuly 14. 1892, Henry Fink was appointed receiver. and on July 25, C. M . MoGhee Joint receiver in interest of the East Tennessee. V. 55, p. 100, 177. COUPON PAYMENTS-Coupons due July 1, 1893, except on general mortg ~~e, were paid with interest on Aug . 1, 1 895, at Chase National .Bank, ~ e w York . REORGANIZATION.-General and consolidated bondholders refused to accept the terms offered by the Richmond & West Point Terminal plan of 1893, and in the modified plan of February 20, 1894, this company was not included. Lar~e expenditures for improvements are said to be necessary. V. 56, p. M82. Foreclosure proceedings under the general mortgage were fl.led in Dec., 1893.· C0MMITTEE.-For general mortgage 6s: Simon Borg, J . Kennedy Tod and Albert S. Roe; depository, Central Trust Co., N. Y. BONDS.-The 7 p e1• cent bonds of 1880 are all equally secured by deposit in trust of the entire issue of the company's old fl.rat mortgage bonds of 1854, and of all but $105,000 of its second mortgage bonds of 1867. The bonds of 1880 have therefore a first lien on the 200 miles of road in Mississippi and Alabama and cover, subject to the Tennessee State loan, the 93 miles in Tennessee. The consols of 1877 cover all the property, sub,iect to the prior liens, and $1,400,000 of them have a first lien on the 93 miles in Tennes see through assignment in Trust therefor of the Tennessee State lienfor $1,736,906. The Farmers' Loan & Trust Co. is trustee of the deeds of 1880 and 1877; the Central Trust Co. of deed of 1884. FLOATING DEBT.-On June 30, 1895 , bills p ayable {E. T. Va. & Ga.. loan) were $139,564; balance due receiver s $126,320. vn Oct. 1 , 1 8 95, interest on bonded debt due and unpaid amount ed to $813,395 (interest due July 1, 1893, on a ll but general mortg age or 1884 having been paid Aug . 1, 1895). EARNINGS.-5 months, 51895 . . ... . . .• Gross, $604,052; net, $158,583 July 1 to Nov . 30. 1894 . . . . ... .. Gross , 553,064 ; net , 129,323 ANNUAL REP0RT.- Fiscal year ends June 30. Report of the receivers for 1894-95 was in V. 61, p. 65 9. c Otherinc. lnt.,tax., etc. Bal.fo1•div. · Year. 1895 .. . . ... $2,074.,193 $755,064 $74,337 $766,790 $62,611 1894. .... .. 2,045,810 795,175 37,500 660,228 172,447 Div idends a mounting to $450,000 for the quarter w ere paid ln each year, leaving a deficit of $387,389 for the quarter in 1895, against a -deficit of $277,553 in 1894. ANNUAL REPORT-Fiscal year ends June 30. Annual meeting is held the second Wednesday in November (see report :presented therea t :d.n V. 61, p. 869. R eport for 1894-95 w as in V. 61 , p. 279. · Year ending June 301895. 1894. 1893. Gross earnings ....... .. •••...•.. $9,397,570 $10,153,576 $11,086,359 Net over operating exp......... 3,983,605 4,621,536 5,f>00,059 Other income. ...... ........ . ... 287,135 311,678 140,000 Interest, rentals and taxes.... 2,748,694 2,600,567 2,668,767 Dividends... . ............... . ... 1,800,000 1,800,000 1,800,000 I 5 per an. 4 4 per an. 4 6 per an. 4 419 5per an. 4 5 6to 5 412 p.an. 5 g. 5 g. 10 p. an. 4 6 per an. :g I 1'.lanche~ter & Augusta.-Road from Darlington to Denmark, S. C., 102 miles ; Cre~ton to Pres-nalls, 41 miles; branch to F~rguson, 6 miles; total, 150 mlles (of which 79 miles were purcha_sed m Feb., 1895, at foreclo sure of CJhar. Sumte: & No.; pa.rt of Atlantic Coast Line System. Connects a t Denmark with South Carolina and with South Bound roads. See traffic contra ct below. BONDS.-First mortgage 5s are limited to $15,000 per mile and $200,000 for termtnals. Under a joint traffic contract with the Richmond Fredericksburg & Potomac, Richmon,t & Petersburg, Petersburg RR., Norfolk & Carolina, Wilmin5ton & Weldon, Wilm. Col. & Angusta and Florence RR., those comparues agree to set aside monthly 20 per cent of gross receipts from traffic with Manchester & AugustHi, same to be used each year to make up any deficit for interest on M. & A. bonds -Charleston & Northern division "B" bonds , $425,000, a.re guaranteed; they cover the 79 miles purchased at fore closure of the Charleston :Sumter & Northern. In December, 18 95, the Atla ntic Coa st Line Co. agreed to guarantee M. & A. fl.rats , principal and interest. :EARNINGS.-l.<'or 11 months ending June 30, 1895, gross , $82,550; deficit under operating ex penses and taxes, $25,480. V. 61, p. 1065. lllanchester & Lawrence.-Owns from Manchester, N. H., io Methlt.en (State Line), 2214 miles. Leased for 50 years from September 1, 1887, to Boston & Maine at a rental paying 10 per cent dividends. In June, 1 895, a dividend of 50 per cent was paid on the capital stock out of money r e ceived from Concord & Montreal suit. (V. 60, p. 1009; v. 61, p. 27,152. , .Manhattan (Elevated).-RoAD.-Controls and operates all tbe elevated railroads in N. Y. City, its main track aggregating 32 miles. Besides these it owns and operates the Suburban R. T. RR .• 3¾ miles. HISTORY, ETC.-Formed Nov. 24, 1875. In May, 1891, $4,000,000 stock was issued to acquire the Suburban Rapid Transit RR., owning a bridge across the Harlem "River, and a road m operation to near 171st St., N. Y., 212 miles. V. 52, p. 642. BONDS.-New York Elevated first 7 s have been called for payment January 1, 1 896, at 105. V. 60, p. 967. l'he con$Otidated mortgage (trustee, Central Trust Company) is limited on present mileage to $40,000,000, and will provide for prior bonds when due. Further amounts may be issued for extensions if destred at the rate of $300,000 per mile of single and $600,000 per mile of llouble track. <See abstract of mortgage in V. 51, p. 248, and appli<1atton to New York Stock Exchange in V. 52, p. 353.) Of the consols the company itself in July, 1895, held $300,000 a gainst "special account" and $77,000 consols to redeem convertible certificates. GENERAL FINANCES.-There are considerable claims pending 11.gainst the company for damage to property on the lines, and many of these are before the courts. See CHRONICLE V. 56, p. 289. In June, 1895 . consol. 4s for i-8,925,000 were sold to take up $8,500,000 N. Y. Ele vated 7 s c a lled for payment Jan. 1, 1896 (a nd which are bein g now purchased (see V. 60, p. 967); a lso during first Pix months of 1895 $2,085,000 were sold for improvements, m aking total consols listed $22,973,000. By the refunding of the 7s the savrng in interest cha r ge is $238,000 a nnually . DIVIDENDS.l '84. '85. '86. '87. '88. '89. ' 90. Jan. ' 91 to Jan. '96. Since ' 83. P.Ct. 5 3 6 6 6 5 See below. 6(112 (quar.) In 1889 1 in cash and 4"2 in scrip; in 1890, 412 cash and 11.g scrip. LATEST EARNINGS.-For 3 months ending September 30: .3 m onths. $110,000 175,000 800,000 800,000 350,000 350,000 575,000 200,000 1,300,000 325,000 122,000 200,000 964,000 425,000 1,000,000 274,000 30,000,000 10,818,000 4,000,000 1,000,000 See text. 540,000 Gross. Net. Other inc. Oharges. Balance • 1894-95 ......... $1,202,273 $172,548 1893-94 . ... .. .. . 1,274,818 203,262 .... -.... ... . 1892·93 .. .•..... 1,520,241 293,709 $485 $4.12,541 df.$iis:347 1891-92 . ...• . ... 1,531,514 307,281 240 384,553 def. 77,032 1890-91. . ......• 1,747,461 462,850 29,181 395,868 sur. 96,163 1889-90 ...•....• 1,783,730 514,730 11,751 390,149 sur.136,331 -(V. 58, p . 12,223; V. 59, p. 600, 1055; V. 61, p. 196,281, 659.) Meriden Waterbury & Connectlcut.-Owns from Cromwell, Conn'., via Meriden to Waterbury, Conn., 30 miles. Leased for 99 ;rears from Sept. 1, 1892 to N. Y. & New England at $22,500 per annum. Stock authorized, $500,000; par, $100. The New England went into receivers' hands in Decemller, 1893. January, 1894, coupons of 1st mortgage were p aid in September, 1894, but none paid since to July, 1895, the New Englana. reorganizers leaving to the new corporation the question of how to deal with the lease of the M. W . & C. In October, 1895, it was s11id the New York New Hav en & Hartford would equip this road with electricity-see V. 61, p. 704. In 1892-93 gross, $13,582; deficit from operating, $4,348, against deficit $8,433 1n 1891-92. Metropolitan West Side Elevated (Chlcae;o).-Bee STREET RAILWAY SUPPLEMENT. Mexican Central (Mexlco).-Mlleage-Main line Mexioo City north to Juarez City, 1,224 miles, 412 miles on Tampico Division, 11 miles on Guanajuato Branch, 161 miles on Guadalajara Division and 1 7 miles on the San Blas Division, 44 miles on Pachuoa Division, and branches 7 miles; total Dec. 31, 1894, 1,876 miles. All standard gauge and 56-pound steel rail. INVESTORS' SUPPLEMENT [VOL, lXIl. Subscribers -wlll conf'er a great favor by giving Immediate notice oC any error discovered In these Table1111. Bonds-PrtnotRAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or Amount Rate per When Where Payable, and by pal,When Due, Par Outstanding of For explanation of column head.Inga, &c., see notes of Stocks-Last Whom. · on first page of tables. Road. Bonda Value. Cent. Payable Dividend. Memphis cl Oharl eston-(Ooncluded). --- 293 1884 $1,000 $1,000,000 6 ~30 1888 450,000 5 Metropolitan West Si de Elevated (of Ohicago)-See 8TREE T R AI ILWAY SUPPLEMENT, 100 47,909,100 Mexican Oent1·at-Stook, $25,600 per mile .......... ·{•h· ·i issi 1,000 601,000 1st mortgage (unassented) and scrip . . ............ 1,000 5~,064,000 4 g. Consol. mortgage, $32,000 per mile, p:old . ... o*&r 1,832 1889 3 g. !At cons. inc. and'scrip,non-cum.($9.600p.m.). g.o* 1,832 1889 ~-,000 17,269,200 1,000 11,233,000 2d con.ino.$6,400p.m.red. at 50p.o. till Aug.19290* 1,832 1889 3 1881 1,000 469,200 Registered income bonds and scrip, unassented.r 3 1,000 14,000,000 4 g. Mexicaninternati onalr-lstM.,$30,000p. m.,g.o*&r 573 1892 100 33,350.000 Mexican Nationat-Stock .... .......... . ..... . ........ 1,000 11,486,000 1st M., subsidy, gold, subject to call at 100 .... c* 1,064 i887 2d M.,ser. "A," g., inc. aocum. (for $16,675,000)o* 1,064 1887 500 &o. 12,265,000 6 g. 2d M.,ser. "B," g., inc. non•a c. (for $16,675,000) :r 1,064 1887 500 &o. 12,265,000 6 g. 3d mortgage, deb. (income not cumulative) gold.r 1,064 1887 1,000 7,040,000 6 g. Mexican Northern-Stock ... . ... . . ... .. .. .. .. . . .. .. .. 100 3,000,000 See t ext. 83 1,000 1st mortgage, U. S. gold coin, s. f. not called. o*&r 83 i890 1,660,000 6 g. 100 18,738,000 See text. JfichiganOentrat-Stock ....•....•..•....••.....•.... .... Consol. mort.- now 1st M. (~2,000,000 are 5s) .. c* 270 '72-'82 1,000 10,000,000 7&5 M. C. Michigan Air Line, ls mortg-age .... . ... o&r 115 1890 1,000&o 2,600,000 4 0 M. C. 1st M. on Det. & Bay City ($4,000,000) .. .. c 147 1881 5 do do do .. . r 147 1881 1.~b°o 2o ~ 3,576,000 5 1,500,000 M. C. 1st mortgage on Grand River Val. RR .. . . c* 84 '79·'86 1,000 6 700,000 39 1889 1,000&c 5 M. C. 1st mo~a&e on Kalam a zoo & S. Haven ... r Grand River a ey stock, rental in perpetuity. .. 100 491,200 5per an. 84 1,000 Det. & B. City bonds, endorsed, no mort. lien ... o .... i872 274,000 8 Bridge bonds, enclorsed, no mortg al,!'e lien ...... 1,000 150,000 1873 8 Jaok.Lans.& Sag. stocK, 3'¼ p.c. y'rly, g uar.by end. 295 100 2,000,000 312p. an. Cons. mortgage, assumed, extended in 1891 . . c* 295 7i&so 1,000 2,204,000 5 1,000 250,000 3 g. Bab City & Battle C., 1st M., ~old, gu.p.& i. end.c* 18 1889 Ba tle C. & Sturg-is 1st M., god, g-u. p. & 1. end.o• 1,000 421,000 3 g. 41 1889 1,000 Joliet & North.Indiana 1st M., guar. p.&i. (end.) .c 800,000 45 1877 7 General mortgage, gold .......• . ............... o&r Meriden Waterbu 1·,. cl Oonn .-lst mortgage . ...... .. ----·· ...6.g. { J. & J. July, 1892, last paid. Jan. 1, 1924. J. & J. Jan.,'94, paid Sept.,'94. July 1, 1921> J. ..&.. J. Boston,SafeDep. &Tr.Co Juiy. i"," "i911 J. & J. do do July 1, 1911 July 10 Boston, when earned. Jan.10, 1939 Jan. 10, 1939 --···· -· · Juiy'1 July 1, 1911 M.& S. N. Y., Of., Mills Build'g. Sept. 1, 1942 J .. .&.n. N .. Y., Nat. City Bank. June· ·i921 M. & 8. Paid 1 p. ct. Apr. 1, '95 July 1, 1917 April 1. July 1, 1917 May 1 -July 1, 1937 Qua r'ly. N. Y., office, 42 Pine St. Dec. 21, 1895 J. & D. do do Dec. 1, 1910 F. & A. N. Y. Gr. Cent! Station. Feb. 1, 1896 M.&N. N. Y., Union Tru~r. Co. May 1, 1902 J . & J. ~.atG.C.S.: cp.atU.Tr. Jan. 1, 1940 M. & S. . Y., Union Tru st Co. Mch. 1, 1931 Q.-M. N.Y.,Gr'd Cent. Station. Mch. 1, 1931 M.& S. N. Y., Union Trust Co. ·Sept. 1, 1909 M.&N. N. Y., Gr. Cent . Stat'n. Nov. 1, 1939 J . & J. Jackson, Mich. Jan., 1896 M.&N. N. Y., Union Trust Co. May 1, 1902 M. &N. do do May 1, 1903 M.& S. N. Y., Gr. Cent. Station. Sept. 1, 1895 M. & 8. N. Y., Union Trust Co. Sept. 1, 1901 J. & D. do do Dec. 1, 1989 J. & D. do do Dec. 1. 1989 J. & J. N. Y .• Farm. L.&Tr. Co. July 10, 1907 1: ---------- Mexican Central- Concludedof Mexica n Go vernment 5s as security for the firsts of 1887.-(V. 60,. ORGANIZATION.- IncorporatedFebruary 25, 1880, under the general p. 562, 1009.) law of Massachusetts, and also holds a charter from the Mexican Gov• STOCK.-Stock, $33,350,000 (par $100), placed in trust with the ernroent. Debt readjusted in 1889-see V. 48, p. 191, 292, 327. Farmers' Loan & Trust Company, leaving the road in control of 1st a:nd SUBSIDY.-Jan. 1, 1895 , there was left of the subsidy in trust $3,570,· 2d mortgage bondholders until it earns and pays interest on both olassee 585, to be used whenev er necessary for the payment of principal and _ of bonds for two consecutive years. The first mortgage bonds hav& \nterest of the consolidated mortgage bonds, $750,000 b.avi ng been 8 0 two votes, the 2d mortg-age, A. & B., bonds one vote each. The Mexican used in 1894. Of the $3,000,000 of Mexican Government bonds re- Nat. Con st. Co. is supposed to own a majority of the stock and $7,000,ceivable under Tampico Harbor concession for a depth of 22 feet, 000 of the incomes. Canital reserve fund Jan.1.1895, held $734,786 $2,790,000 (in Mex\ can Gov ernment 6 per cent bonds) bad been re• BONDS.-The first mortgage of 1887 is a prior lien upon all th& oeived in April, 1895, corresponding to a depth of 20 feet. Ltnes in Mexico, constructed or to be constructed, and upon the Texas BONDS.-The $7,000,000 priority bonds were paid off with proceeds Mexican securities. The bonds are redeemable on notice at nar. True• of subsidy collections, interest ceasing April 10, 1891. see v. 52, p .. tees Hugh M. Matheson and Capt. W. G. Raoul. Original issue $12,500,390. Of these $1,403,000 were canceled and balance a re held as invest- 000, which has been reduced to present tl.g-ure by redemption with subment by Trustee of consol. mort. The consol. mort. 4 p. c. (trustee, sidy of $319,000 in 1891, $305,000 in 1892 and $298,000 in 1893. Boston ~afe Deposit & Trust co.) cover the entire property, all old firsts The 2d mortgage bonds, series "A," are strictly cumulative, and not deposited, and the subsidy earned and to be earned. (See abstract of foreclosable while stock remains in trust a s above stated; the 2d mortmortgap:e in CHRONICLE, v. 49, !>• 177.) Both series of incomes are gage bonds, series "B," are non.cumulative; trustees, W. G. Raoul non•cumulative and secured by onfl indenture to the American L. & T. and J. A. Horsey; $200,000 of 2d mortga~e bonds are reserved for betCo. First consol. incomes received 3 p er cent interest July 10, 1890, and terments. Third mortgage trustees. C. J. uanda andH. A. Risley. On series ".A" bonds from earnings of 1892, 2 per cent was paid 3 Per cent in Julv· ' 1891 ' and 1892 ' respectively.' none since · • March 1, 1893, and 1 per cent on April 1, 1895, at Nat. City Bank, N. Y. GENERAL FISANCES.-The report for 1894 states that the difference in Of the 2d mortgage bonds $5,000,000 [ one·half each series A and B} rates or exchan~e on U. S. curt·ency, material and expenses, owing to entered into a special trust arrangement by which they are drawn for the decline in silver, caused an increase in the expenses of $370,151 payment with proceeds of certain subsidy certificates. see v. 56, p. 20, over 1893-4. On J an. 1, 1895, notes outstanding were $1,000,000, the and FINANCIAL REVIEW for 1890, page 59. same as 1894; interest due and a ccrued, $1,114,007; accounts payable, $630,539. Notes and a ccounts r eceivable Jan. 1, 1895, $682,· EARNINGS-11 months, 51895 .... gross, $4,067,774; net, $1,859,709' 918; cash on hand, $1,131,213. Tampico Harbor Co. bonds of 1894 Jan. 1 to Nov. 30. { 189-1 ... . gross, 3,900.856; net, 1,662,514. for $3,462,000 (all owned in June, 1895, by the Mexican Central) are Net available for interest, not including earnings from Government, guaranteed.-1V. 60, p. 59-2.) $979,750 in 1895, against $841,028 in 1894; including earnings from EARNINGS.-Mexican cur. 1895 .. gross,'$8,594,271; net,$3,484,680 Government, 11) in 1895, p,gainst $964,915 in 1894. Abov& are in Mexiean currency to be valued at 80 cents on the dollar J an. 1 to No v. 30 (11 m o s. ) 1894 · ·gr 0 8 8 • 7 • 669 ' 578 ; net ' 2 ' 619 ' 509 figures in u. S. money, all other depreciation having been allowed for. For six months ending June 30, 189:>, the earnings of the road showed a detlcit in American currency after p ayin~ fl., st mortgag e interest of ANX::JAL REPORT-Fiscal year ends Dec. 31. Report for 1894, with $150,489, a gainst a d eficit of $ 432,343 for nrst half or 18ij4 . the balance sheet, etc., was given in full in V. 60, l>· 503, 519, 524_ Gross below are in Mexican currency, all other figures m U.S. cu1-rency. ANNUAL REPORT-Fiscal year ends Dec. 31. Report for 1894 was Mexican currency is reduced to United States currency at 80 per cent,. given in full in V. 60, p. 745,750; see also editorial p. 734. The gross all loss above this being charged off in exchange account shown below. earnings below ar(' Mexican C1.trrenc11,· all other figures U.S. currency. In 1894 the company received an average of only 51·87 cents for its INCOME ACCOUNT-(U. s. CURRENCY EXCEPT GROSS EARNINGS). Mexican dollars, against 62·02 in 1893 and 68·26 cents in 1892. Year end'g Dec. 31- 1894. 1893. 1892. 1891. 1 •218 1 •21 8 INCOME ACCOUNT-(U. s. CURRENCY EXCEPT AS INDICATED). Miles operated .... ··.• l, 21 8 1,218 · Year ending Dec. 31 _ . . . 1. Gross earnings ....... $4,329,079 $4,224,804 $4,756,030 $4..l206,422: 1893 1892 189 ,860 Av'ge miles operated..... 11894 Net e11,rnings . ......... $1,513,570 $1,296,096 $1,346,898 ;i;892,788 1 ,847 1 ,825 1 , 665 99 ,llO Gross earnings, Mex. cur.!¥8,426,025 $7,981,768 $7,963,254 $7,374,539 Subsidy rec~ipts...... · ······· _____ 112,50() I Net earns. Mex. cur ...... $2,966,350 $2,845,588 $2,961,467 $2,694,750 Total net income.. $1,612,680 $1,296,096 $1,34.6,898 $1,005,288Do do in U.S. cur .... 1,538,698 1,764,823 2,021,515 2,068,013 Int. on is M. bonds.. $694,680 $702,130 $720,185 $738,835 Subsidy acc'tin U. S. cur. 750,000 500,000 500,000 300,000 E h 718 071 434 242 248 622 1 51,..9f> Miscellaneousin U.S. cur. 142,460 _____ 7,170 xo .... . ...... • • • oss360,341 •' Misc.,ange bet'm'ts, etc.. ...· 74,761 137,156 132,598 Total net income.. . . .. $2,431,153 $~,264,823 $2,528,685 $2,368,013 Balance....... .. sr.$125,168 sr.$22,568 sr.$245.49 ·.- df.$145,684 Interest on bonds ....... . . 2,306,888 2,226,962 2,667,769 2,321,180 -CV. 58, p. 4 73 , 4T 5,512; v. 60, p. 4/81, 5 0 3,519, 52-1 , 562, 6os, 1009.) Miscellaneous..... .. .. . . . 188,449 16,387 _____ 39,374 Mexican Nortll.ern.-OwnsfromEscalon, Mexico, on the Mexioan Balance ........ . ....... . def.$64,184 sr.$2]..474 df.139,084 $7,459 Central Ry., to Sierra Mojada, 83 miles, all steel, completed July 1891. -<V 60, p. 300,522, '734, 745, '760,795,836; V. 61, p. 281.) DIVIDENDS.-From February, 1892, to November, 1892, both incJ.u• Mexican Internatlonal,- (See Ma_:p Southern Pacijtc)-ROAD- sive, 6 per cent per annum . In February, 1892, an extra dividend of~Owns in Mexico a standard gauge road from Ciudad Porfirio Diaz, on per cent. In 1893 412 per cent. In 1894, 6 p. c. In 1895, March, 1 p. o.;: Southern Pacific, via Torreon, on Mexican Central, to Durango, 540 June, 1 p. c.; Sept., 1 p. c; Dec., 1 p. c. miles, with branches, 33 miles. Completed in October, 1892. ExtenBONDS.-The mortgage of which the state Trust co. of New York i& sions from Reata to Monterey and toward the P a cific Ocean are under trustee, is for$1,660,000, of which $225,000 bonds Nov. 25, 1895, wer& construction, and ov ertures hav e been made to Monterey & Mexican held by the sinking fund. see description in V.60, p. 482. Gulf for joint u se of their track for part of the distance. See V. 60, p. 606; v. 62, p. !:!5. Capital stock Dec. 31, 18~4, $16,975,ooo; Trustee, EARNINGS-11 months, 51895 ....... gross, $624,778; net, $333,655, Metropolitan Trust Co. of N. Y. . Jan. 1 to Nov. 30. <1894 ....... gross, 584,403 ; net, 312,108 EARNINGS 11 mo ths { 1895 gr 0 8 8 $2 378 699 t $924 772 From July 1 to Dec. 31, 1894, gross, $324,864; net, $166,082; other: n • 1894 .· ·.... · · · ·. ~ross,' 1,959,839; ' in.come, $6,325 ; interest and sinking fund, $66,043 . ' ' ; ne • Jan.1 to- Nov. 30. net, 789,207 ANNU.A.L REPORT.-Reportfor 1894 was in V. 60, p. 603, 612, showing YEARS' EA.RNINGS.-For years ending June 30: gross earnings on an average of 573 miles, $2,169,121 (Mexican curGross. Net. Other inc. Oharges. Divi dends. Siirpltts-_ rency); net, $887,305 In 1893 gross. in Mexican currency, $2,050,933; 1894. . $697,500 $339,375 $16,107 $134,475 (5)$150,000 $71,007 net, $749,539. PrP ident, c. P. Hunting-ton. New York office, 23 1893 .. 1,160,148 555,552 2,134 157,607 (8) 240,000 160,079 Broad St. (V. 58, p. 593; V. 59, p. 371; V. 60, p. 589,603,606; V. 62, .Jilchlgan Oentral.-(See Map adjoi ning New York Oentral p. 85.) page.J-LINE OF ROAD.-Main line-Kensmgton to Detroit, 270 miles,. Mexican Natlonal.-Owns narrow gauge road from L~redo and Windsor to Suspension Bridge (Canada Southern), 226 miles. to City of Mexico, 842 miles ; Acambaro to Patzuaro, 96 miles; El total main line, 496 miles. Branches owned and leased 1,124 miles;. Sa.Ito branch, 45 miles; Matamoras to San Miguel, 76 miles; small trackage Ill. Cen., 14 miles; total January 1, 1895, 1,634 miles. branches, 5 miles; total owned, 1,064 miles; controls through owner• There are 244 miles of second track and 865 miles of side tracks. smp of stock, Texas Mexican Railway, Cor_v.us Christi to Laredo, ORGANIZATION, LEASES, &c.-The Michigan Central was chartered 1n, Texas, and branch, 163 miles; other lines, 5 miles: total 1,232 miles. 1846; the whole line, Detroit to Kensington, was opened in 1852. Th& Gauge, 3 feet; rail (steel and iron) 40 and 45 pounds to the yard. lines described above as leased are all held by the l\'Ilchigan Central HISTORY.-A reorganizat ion of th e Mexican National Ra'ilw ay sold nominally under leases at fixed rentals. but are practically owned.. To under foreclosure Ma y 23, 1887. Ro ad w a s completed in 1888. enter Chicap:o uses the Illinois Central from Kensington to Randolph, SUBSIDY.-As to subsidy, see full p ar1iiculars in SUPPLEMENT for Jann• streets and the passenger station under a perpetual lease. ary, 1893. Total subsidy appllcable to the new ttrst mortgage bonds CANADA SOUTHERN CONTRACT.-In Nov., 1882, a close contract was was $6,003,120, Mexi('.an money. . In March, 1895, holders of ·first made with Can. So. for the operation of its road. The contract provided mortgage [also called prior lien] bonds accepted theplanforconversion fora re·apportlonment every five years and in the re apportionment of unpaid subsidy certificates into Mexican Government 5 p. c. bonds, December, 1892, ti was ag-reed that th~ Canada Southern snould thereuncollected subsidy, $3,335,685, to be settled by deposit of $4,461,635 after receive 40 per cent and the Michigan Central 60. per cent of th& https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .JANUARY, 1896.J RAILROAD STOCKS AND BONDS. 83 Subscribers -will conf'er a great f'avor by giving Immediate notice of' any error discovered In these Tables. Bonds-Pnnot RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or When Due. Amount Rate per When Where Payable, and by pal, of Par F or explanation of column headings, &c., see notes of Stocks-Last Outstanding on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. -- - - - - - - - - wdle Ga. & Atlantic-Stock....•......... .... ...... ---..... Mortgage ........................................... ---· ---· .... ~ddlesborouzh Belt .................. .••........... c iddlesex Va Ley-Stock ............................ . ·29 lstm., $600,000, gold,($20,000 per m.)see text.c* 29 i892 iddletown & O1·awford-- lst mortgage............. 1891 iddletown Un.& W. Gap-lstM., ext.in'86 ...... c* ..i3 1866 2d mort. guar. interest, reduced to 5 per cent... c* .... 1871 idland Te1-m. lstm., $1,000.000,gold, red. at 105.c 1895 ilwaukee Lake Sho1·e & Western-See CHICAGO & NORT H·WES uwaukee & Lake Winnebago-Common stock ..... 100 .... Preferred stock, 6 per cent, cumulative .....•.... 1st mortgage, gold . .............................. c* ..66 iss2 Mortgage, $1,000,000, 6 p. ct., 30 yr ............. Income mort. (cumulative), gold, interest paid.o* 66 iss2 Debentures, convert., gold, see remarks ........ o* 1884 ilwaukee & Northern-See Chicago Milwaukee & st:·Pa ul. ine Hill & Schuylkill Hav.-Stock (712 p. ct. rent'!) 53 .... inerat Ranr,e-i:,tock $400,000..................... Newconso. M.,.fold,red.at105 .................. o ·17 is9i inneapolis & St. ouisCommon stock ............................•........ .... .... 1st preferred stock, 5 per oent, cumulative....... .... .... 2d ~eferred stock, 5 per cent, non-cumulative ... 1st .,Minn.toMerriam Jc..•••• ••.•.....•....... o* ·21 i877 lstmort.,MerriamJunction to State Line,gold.o-t 93 1877 1st M. Minn.&Dul.,Minn.to WhiteB.Lake . . ...... * 15 1877 Iowa exten. 1st M., g. (Al. Lea to Fort Dodge) .. o* 102 1879 Mort.on Southwestern extension($12,000 p.m.)o* 53 1880 Paoiflo extension 1st mortgage, gold............ o* 92 1881 First consolidated M., $10,000,000, gold..... c*&r ---· 1894 0 -.... -- . . ....... . --.. --· -----· ...... See text. See text. .$io<> ------ $500,000 577,000 66,000 150,000 250,000 See text. .. ioo i:ooo 1,000 520,000 780,000 seo.iei:t. F ...&..A. Boston, Of., 50 State St. Aug.·i:f, "is95 1,430,000 6 g. J. & J. Boston, Merch.,Nat.Bk. July 1, 1912 ...5.g. J ...&.. J . Boston; Nat.Bk. Juiy · .i912 520,000 244,000 6 g. A. & O. do do Apr. 1, 1904. 50 100 500 4,210,200 J.312J'u.4 J & J. Phila.,Offloe, 119 S. 4th. Jan.15,1931 393,400 ..&.. J. N. Y., Third Nat. Bank. Jan:. 1; ·is9 6 353,800 ···5·g. J. 1,000 100··&0. 500 &c. TERN, 1,000 100 100 100 1,000 500&0. 1,000 1,000 1,000 1,000 1,000 (1) ----· ...... ------ .---·· .... ..... ·····----. .......... ---------- 5 g. M:·&iN. N. Y., Central Trust Co. 412 A. & 0. 5 g. M.&N. N. Y., N. Y. Susa. & W. fi J. & D. do o 5 g, J. & D. N. Y., Blair & Co. Mercii: 6,000,000 2,500 000 4,000,000 455,000 950,000 280,000 1,015,000 636,000 1,382,000 5,282,000 ...5.. Text. 7 g. 7 g. 7 g. 7 g. 7 g. 6 g. 5 g. ..&.. J. J. Text. J. & J. J. &D. M.&N. J. & D. J. &D. A. & 0. M.&N. N. Y. Central Tr. Co. do do do do do do do do do do do do do do do do Nov·.·1;·fa42 Apr. 1, 1921 Nov. 1, 1911 Dec. 1, 1896 Dec. 1, 1925 1; Jan: ·i5:·i896 Jan. 15,1896 Jan. 1, 1907 June 1, 1927 Jan. 1, 1907 June 1, 1909 Dec. 1, 1910 Apr. 1, 1921 Nov. l, 1934 ttrst $1,000,000 of net earnings, any amount over that to be divided j DIVIDENDS.-Preferred has paid 9 per cent per annum, bein~ regular as theretofore-one-third to C. 8. and two-thirds to M. C. V. 55, p. 1078. preference of 6 per cent, and on account of accrued baok dividend an CAPITAL STOCK.-The stock has remained at same amount since 1873. additional 3 per oent; in 1895, Feb., 3 p. c.; Aug., 3 p. c. In February, DIVIDENDS since 1882-In 1883, 5; in 1884, 3; in 1885 and 1886, nil; in 189'3 lCI per cent extra was paid. , 1887 and 1888, 4; in 1889, 4; in 1890, 5; in 1891, 5; in 1892, 512; in BONDS.-Debentures Nos. 1 to 200 are convertible on any coupon day 1893, 512 p. c.; in 1894, 519 :per cent; in 1895, 4 p. c.; in 1896, Feb. 2 p. c. into preferred stock, and Nos. 201 up into common; the lessee pays lnBoNDs.-The Jackson Lansing & Saginaw bonds were assumed by terest on them during first ten years after issue. Michigan Central, which also guarantees in perpetuity 312 per cent on RENTAL, ETc.-Rental in 1893-94, $174,641; in 1892-93, $204,324; the stock. The Bay Oity & !Jattfe preek mortgage is for $1,800,000, in 1891-92~ $200,843; in 1890-91, $198,591. In 1893-94 net over exbut amount outstandiiig 1s limited to $15,000 per nnle. The penses ana. taxes, $167,695; interest on bonds, $111,800; on debentotal issue of Battle Oreek & Sturgis bonds is $500,000, but tures, $1,500; dividends on preferred, $40,950 (5 14 p. o.); balance, <>f this $79,000 was sub-guaranteed by the Lake Shore & Michgan surplus, $13,445; (V. 61, p. 281.) .Southern, 7 miles of the B. C. & 8. being operated by that_ company. Mineral Range.-(Narrow Qauge.J-Houghton, Mioh., to Calumet, The Bay City & Battle Cree~ a~d the Battle Creek & Sturi;is issues both Mich 15 miles. l)J)anohes 9 miles. total 24 miles ,carry the guaranty of the M10higan Central endorsed on the bonds. ·• ' ' ' ' . · OPERATIONS, FINANCES, &c.-The road is operated under a close oon H;sTORY, ETC.-Operated in close connection with Hancock & Calumet tract with Canada Southern, and the earnings of both roads are included (which l!ee.) Reorganized in 1891. in the statistics below. Nothing has been obarged to either the conBoNDs.-Tbe consolidated mortgage covers all the property, including struction or equipment account since 1883, with the exception of land $250,000 of Hancock & Calumet stock, which is :five-sevenths of the for right of way and terminals. All betterments and improvements to whole issue. Mortgage is for $600,000, of which there are reserved for the road have been charged to operating expenses. The company pro- old bonds $7,000 with trustee. On June 30, 1894, funded debt was poses to constru~t a three-span bridge across the Detroi~ River at $353,800; current liabilities, $169,972. Deti1:olt, at a~ estimated cost of $4,000,000, to do away with the car EARNINGS.-For year ending June 30, 1895, on 24 miles, gross, $111,ferries. V. 61, P, 1107. . 229; net, $44,252; other income, $26,675; interest and ta:i..es, $26,890; ANNUAL REPORT.-Fiscal year ends Deo. 31. Annual meetmg is held dividends (7 p. c.) $27,538; balance, surplus, $16,499. In 1893-94, on the Thursday following the first Wednesday in May. Results for gross $115,521; net, $49,590. Pres. W. F. Fitch, Marquette, Mich.; 1895, December partly estimated, are given below. Report for 1894 .Ass't Secretary, Geo. H. Church, 45 William St., N. Y.-(V. 55, p. 1110.) was in V._60, p. 7'77, 791. . Minneapolis & St. Louis KR.-(See Map.J-Owns main line, Year ending lJec. 31- 1895. l89 4 . l893. l89 2 , Minneapolis to Angus, Ia., 26112 miles; Pacific Div.. Hopkins to Morton. 1 , 634 1 , 63 9 Miles operated.. •••••• 1,634 l,63 4 93 miles; Kalo Branoh, 3 miles; Lake Park Branch, 119 miles; total Gross earnings.••• - • .$13,550,000 $12,584,012 $l6,l 78,03l $l5,908, 2 9 2 operated, 359 miles. Leases trackage from Minneapolis to St. Paul Operating expenses .. 10,070,000 9,14 4 ,1 07 12 , 2 87,79 2 12,0 4 6,095 over St. Paul & North. Pao. RR., 11 miles; also owns from Minneapolis to White Bear Lake, 13 miles, which is leased to the St. Paul & Duluth Net earnings .. ••• $3,480,000 $3, 4 39,905 $3,890, 2 39 $3,862 , 1 97 Railroad. Operates, but accounts kept separate, Wisconsin Minnesota P. o. op. ex. to earns.. 74·32 72·66 75·95 75·72 & Paoiflo Ry., 217 miles. Also owns, but leases . to Bur. C. R. & Nor., Net inol'g other inc $3,529,000 $3,484,555 $3,936,029 $3,908,995 Albert Lea to Iowa State Line, 13 miles. St. Paul & Duluth in May, Ben'tats paid ~ $184,310 $184,310 $184,310 1895, began using M. & St. L. terminals at Minneapolis. Interest on debt' .. 5 $2,400,000 t 2,216,875 2,217,494 2,220,054 HISTORY.-A reorganization in October, 1894, as per plan given in can. southern share. 304,000 287,808 456,648 380,712 V. 59, p. 371, of th_e Minneapolis & St. Lo}lis Ry., sold Oct. 11, 1894, at Dividends ..••..•...•• (4)749,520 (4)749,528(512)1030601(512)1030601 foreclosure under improvement and eqmpment mortgage. STOCK.-The capital stock of the new company is common, $6,000 • Surplus... ........ $75,480 $46,034 $4.6,976 $93,318 000; first preferred, 5 p. c., cumulative, $2,500,000; second preferred, --(V. 59, p.1104; V. 60,p. '7'7'7, 791 , 1129, 1146; V. 61, p.1087, 1107. 5 c., non-cumulative, $4,000,000. Under the plan, old common and Middle Georgia& Atlantic -owns from Eatonton to Covington, ol vreferred were assessed $25 per share, new first preferred being Ga., 44 miles; operates Milledgeville & Eatonton RR., 21 miles; total, issued for assessment. All classes of stock have equal voting power. 65 miles. Extension 7 miles to Covington, Ga., was completed in 1894. DIVIDENDS.-On fl.rat preferred: In July, 1895, the first dividend was ;Sold in foreclosure Sept. 11, 1894, to Herman Myers and others for paid, being 313 .per cent for 8 months; in 1896, Jan., 212 p. c. On .$195,000. EARNINGS.-Year ending June 30, 1895, gross, $54,725; second prefer1·ed non-cumulative: In 1896 first dividend Jan., 112 p. o. net, $10,450; charges, $2,423; balance, surplus, $8,027. For nine BONDS, ETc.-Bonds issued under the mortgage due June, 1927, num·months ending June 30, 1894, gross, $35,737.-V. 59, p, 291 bered from 11101 to 1,400, for $500 ea.oh, additional to those above, Mlddlesborough KR.-Road around City of Middlesborough, were assumea by the Burl. Cedar Rapids & Northern RR. 11 miles branches to coal mines 10 m · sidings 7 m • total 28 The new first consol. mortgage (see abstract V. 59, p. 1145) provides K mhes. A reo~ganization in 1895 of the Middlesborough Belt, which for the issue of $10,000,000 first oonsol. 40-year, 5 p. o. gold bonds, of was opened January 1, 1891, and sold in foreclosure June 12, 1895, which are reserved $4,718,000 for underlying mortgage, the remainder ··to F. w. Whitridge for the bondholders; price paid $30,000. On June to pay past-due coupons. to retire or acquire certaiJi outstanding bonds, 30, 1894, car trusts were $39,840. In year ending June 30, 1895, and for expenses, etc. The mortgage covers all the propel'ty, eqwp.gross, $22,549; deficit under operating $373. In 1893-94 net, $2,685. ment, franchises, eto., of the company. -(V. 60, p. 606, 1146; v. 61, p. 366.) GENERAL FINANCES. - On June 30, 1895, there was no floating debt Middlesex Valley.-Opened for business in October, 1892, from and the company held in its treasury cash $276,360, consols $282,000 Naples, N. Y., to Geneva, 29 miles. Purchased by Lehigh Valley in and M. & S. stock, parvalue,$546,087. Estimated fixed charges under December, 1895, and first mortgage 5s for $600,000 guaranteed prin- plan are $580,540 per year. A syndicate has purchased $5,000,000 of , cipal and interest by endorsement; Lehigh Valley owns $225,000 of the new 40-year 5 per cent, bonds. See V. 59, p. 371. the firsts and all the $500,000 stock. Earnings for year ending June EARNINGs-4 months,~ 1895, gross, $981,573; net, $446,645. 30, 1895, were, gross, $31,944; net, $9,760; charges, $1,408; balance, July 1 to Nov. 30, t H 94, gross, 858,583; net, 398,435 . Surplus over charges or 5 months ending Apr, 1, 1895, was $73,661. . surplus, $8,352. In 1893-94 gross, $25,955; net, $6,557. (V. 60, p. 1146; v. 61, p. 1013.) ANNUAL REPORT.-Fisoal year ends June 30. Report for 1894-95 was in V. 61, p. 607, and states that $57,158 of old debts are included in MlddletoW'n Unionville & Water Gap.-( See Map N. Y. S1ts• operating expenses for 1894-95. • . quehanna it Western.J-Owns from Middletown, N. Y., to Unionville 1894-95. 1893-94 1892-93. 1891·92. N. J. State line, 14 miles. Stock, $149,850; par, $50. Is controlled Passengers................ $338,520 $355,188 $410,995 $402,229 through ownership of stock by New York Susquehanna & Western, Freight.. ...... .... .. ..... . 1,378,784 1,243,538 1,449,089 1,473,683 which pays interest on bonds. In year ending June 30, 1894, gross, Mail, express, &o.. . ...... 106,694 110,144 114,415 109,121 $50,973; net, $21,722; interest and taxes, $22,348; balance, deficit, · $626. In 1892-93 gl'Oss, $$47,720; net, $21,366. Total. .......••........ $1,823,998 $1,708,870 $1,974,499 $1,985,033 Midland Terminal Ry •..;.ROAD.-From Divide, on the Colorado Oper. expenses & taxes.. 1,092,280 1,052,459 1,267,685 1,186,600 Midland RR., to Cripple Creek, about 30 miles; opened in Dec., 1895. - ·- - - - Net earnings.. ........ $731,718 $656,411 $706,814 $798,433 · This line shortens the distance from Denver to Cripple Creek about 70 miles. The first mortgage is for $1,000,000 and bonds are redeemable Other income............. 106,482 157,202 138,361 127,292 _at 105. In January, 1896, no bonds had been issued.-V. 61, p. 967. Total.. .•.............. $838,200 $813,613 $845,175 $925,725 1'.IIIW'aukee & Lake Wlnneba&o.-Owns Neenah to Sohleisin60,205 63,657 62,554 61,797 -- gerville, Wis., 65 miles. Leased for 99 years to Wis. Cent. at 3719 per Rentals.... ................ 896,070 1,185,629 35,525 oent of gross earnings as rental ; but after $175,000 per year is re- Interest paid during year 419,180 oeived, the balance of net earnings is to be equally divided. In August, 1895, an additional issue of stock for $1,280,000 and a Total.................. $479,385 $959,727 $1,248,183 $97,322 -, new divisional mortgage for $1,000,000 of 6 per cent 30-year bonds Bal. overint. & rents pd. s.$358,815 d .$146,114 d.$403,008 s.$828,403 were provided for, the proceeds to build a new 47-mile line from -(V. 59, p. 371,453, 513,551,600,651,679,738,780,836, 870,1007, Neenah, east to Menasha to Manitowoc, Wis., and ferry across Lake 1058, 1141, 1145· v. 60, p. 795, 929, 1059; v. 61, p. 69, 607, 1065; V,62, p. 40.) _ Micluga.n, but in December, 18~5, none issued. tV. 61, p. 282.) i. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis x· - - - --- ----- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (I) It- ~ ~ 00 ~ ij UJ ~ I ~!"' ~ Fl JANUARY, RAILROAD 1896,] STOOKS AND BONDS. Subscribers ,vlll conCer a great Cavor by giving IDI.Dledlate notice oC any error discovered In these Tal,Jes. Bontts-Pr1no1RAILROADS. INTEREST OR DIVIDENDS. Miles Date I Size, or When. Due. Amount Rate per When Where P--Mtable, and by pal, of Par For explanation of column headings, &o., see notes of Stocks-Last Road. Bonds Value. Outstanding Cent. Payable . om. on first page of tables. Dividend. ~t. Paul ti Sault Ste. Marie.-Common stock . Preferred stock, 7 per cent, non-cumulative ..... ·-·· Minn. Sault Ste. Marie & Atlantic 1st M. gold .. o~ 495 Minneapolis & Pacitto. 1st mort., $15,000 p. m .. o.. 286 Consol. M., ~old, int. guar. (end.)-See text .... o* 970 Income oertifloates ................ ................ .... Car trusts June 30, 1894 .•........•..........•••... .... Mississippi River & Bonne '.fe1·re-lst mortgage .. . MisBissquoi Valley-Stock, 4 p. o. rental Cent. Vt .. ·2s Mtssom'i Kansas & Texas.-Common stock .......... .... Preferred stock, 4 per cent non•oumulative ...... Tebo. & Neosho 1st mort., gold, s. f., red. at 100 .. 100 M. K. & T. 1st mortgage, gold ..................... 1,601 2d M. (income till after Aug., 1895, coup.) gold. 1,601 1st M. extension bonds, gold (see tt>xt) ....... o* • • · Kan. City & Pacific 1st mort., gold, int. gu. end. o~ 125 67 Dallas & Waco 1st M.,$20,000l..m., g.~.& i. ~u.o* Mo. Kan. &Easterr. lstM.,gol ,gu.p. i. (end.).o* 162 2d M. for $500,000 gold, uar., p. & i. (end.) . . . 162 M.K.&T. in TexaslstM.,$2 ,0O0p.m., gold, ~u.c* 132 Booneville Brid,e, 1st M., gold., gu., dr'n at 1 0. c* Guat·. bonds o companies ope1·at'd se a1·atelySh.Sh.&So.lst ·. ,$20,000p.m.g.,gu.,p.?i.(end.) o* 155 S. W. Coal&Imp lstM.iuar. p.&1.end. s.f.in'99. Misso-uri Pacittc-Stock, 55,000,000 authorized. Pac. RR. of Mo. lstmort., extended in 1888, gold 283 2d mort. ext. in 1891 in gold, St. L. to K. C .. o* 283 lHt M., St. Louis real estate, ext. in 1892, gold. 1st M. Carondelet Br., g., gu. p.& i. (end.)ext.'93 ·13 au M. (cover' El' all proverty of Pacific RR. of Mo. l 296 Mo. Paci.tic 1st M., Lexrngton to Sedalia, Mo, gold 55 Consolidated mortgage, $:i0,000,000, gold ... c" 1,076 Minn. --·--· iss6 1886 1888 1890 -. - ~ 1893 ---- ------- isfo 1890 6 ---- 1890 1894 1890 1890 1892 1892 1892 1873 ---· 1893 1889 isss 1871 1872 1873 1876 1880 1880 $100 $14,000,000 .......... ····100 7,000,000 ...... 1,000 4 g. J. ··&:· J. N. Y., Morton, B. & Co. 8,280,000 1,000 3,208,000 4 do do J. & J. 1,000 16,849,000 4 g. J. & J. do do 771,000 . ..... . ...... . ..... ....... 1,009,851 ...6.. New York & Chioag0. ·-··· 500,000 Bonne Terre, Mo. .. &.. 500,000 4 per an. J. St. Albans, Vt. J. ··ioo 47,000,000 ...... ..... ·······-·· 100 13,000,000 ···1·g. J. ··&·n. N. Y. Office, 45 Wall St. 1,000 187,000 500 &o. 39,813,000 4 g. J. &D. do do 4 g. F. & A. Feb., '95, coup. was pd. 500 &c. 20,000,000 1,000 998,000 5 g. M.&N. New York. 1,000 2,500,000 4 g. F. &A. N. Y., Office, 45 Wall St. 1,000 1,340,000 5 g. M.& N. do do 1,000 4,000,000 5 g. A. & O. do do 1,000 500,000 5 g. A. & O. do do 1,000 2,685,000 5 g. M.& s. do do 599,000 7 g. M.&N. do $&£ do ------ ------ 1,000 1,2()0,000 5 g. J. &D. do - do 1,000 do 800,000 6 J. & J. do 100 47,1136,575 See text. Q.-J. N. Y., Mercantile Tr. Co. 1,000 7,000,000 4 g. F. & A. do do 1,000 2,573,000 5 g. J. & J. do do 500 &o. 800,000 do do 5 g. M.&N. 500 245,000 do do 412 g. A. & 0. 1,000 3,828,000 M.&N. do do 7 500 &o. 650,000 5 g. F. & A. do do 1,000 14,904,000 6 g. M.& N. do do I ........ Juiy. i·,- "i928 Jan. 1, 1936 Jlily 1, 1938 July 1, 1900 1896 & 1903 Nov. 1, 1898 Jan., 1896 ........ June· 1; ·i90s June 1, 1996 June 1, 1998 Nov. 1, 1944 Aug. 1, 1990 Nov. 1, 1940 Apr. 1, 1942 Apr. 1, 1942 Sept. 1, 1942 :May 1, 1908 June 1, 1943 1929 July 15, 1891 Aug. 1, 1938 July 1, 1938 May 1, 1938 Oct. 1, 1938 Nov. 1, 1906 Aug. 1, 1920 Nov. 1, 1920 Minneapolis St. Paul & Sault Ste. 1'Iarle.-Owns Minneapolis GUAKANTIES.-lnterest is guaranteed on $2,500,000 KaRsas city & apolls northwest to Kulm, No. Dak., 308 miles; Hankinson to Inter. national Boundary Line, No. Dak., 342 miles; tracka~e in Minneapotls, Bt. Paul, etc., 19 miles ; total, 1,175 miles. E;xtens10n northwesterly was completed in Sept., 1893, connecting with the Canadian Pacific. HISTORY.-Formed June, 1888, by consolidation of the Minneapolis Bault Ste. Marie & Atlantic, the Minneapoli2 & Paoi.fl.o, etc. (See V. 46, pp. 538, 609.) Controlled by Canadian Pacific. STOCK.-After 7 p. o. on pref., common and preferred share pro rata Canadian Pao. owns $7,066,600 common and $3,533,400 pref. stock: BoNDs.-Can. Pao. guarantees by endorsement 4 per cent interest on all the bonds assenting to a reduction of interest to 4 per cent. (See V. 50, p. 784; V. 51, p. 239.) About one-hal! the Minneapolis & Pacific bonds and practically all of the other issues assented. V. 54, p. 799. Abstract of .CinneapoUs Sault Ste Marie & Atlantic mortgage in V. 45, p. 243. The consot. m01·tgage of 1888 (trustee, Central Trust Co., mort gage abstract CHRONICLE, V. 47, p. 142), was for $21,000,000 on 800 miles (sufficient of this amount being reserved to retire the prior bonds) and for $20,000 per mile on all additional mileage. GENERAL FINANCES.-ln 1894 Can. Pao. advanced $694,487 towards the payment of M. St. P. & S.S. M. fixed charges. . On June 30, 1894, the balance sh~et gave funded debt $30,125,850; current liabilities, $1,972,177; cash and current assets $818,!W6. LATEST EARNIN(~S.-From Jan. 1 to Nov. 30, 1895 (11 montlls), g ross, $2,854,857, against $2,411,667 in 1894. EARNINGS.-For year ending June 30, 1894, gross, $2,907,963, against $3,453,397 in 1892·93; net, $644,240, against $994,157; charges, $1,· 038,255; deficit for year, $394,015, against surplus $20,716 in 189293. In 1891-92 net $1,057,130. (V. 56, p. 414, 710; V. 60, p. boQ.) I.Tllssl ■ slppl River & Bonne Terre Ky.-Road from Riverside to Doe Run, Mo., 47 miles. A southern extension is to be built, for which purpose it is proposed to increase the capital stock (par $1110) from ,,.500,000 to $1,000,000. Current liabilities June ao, 1 894, $55,166. Earnings for ;vear endililg June 30, L895, were, gross, $163,969; net, $2,327; other mcome, $2,678; charges, $34,09i; balance, dencit, $29,092. In 1893-94, gross, $168,094; net, $18,309. President, J. Wyman Jones; Treasurer, Hugh N. Camp; 55 Liberty St., New York. Missouri Kansas & Texas.-ROAD.-The lines embrace: Road owned. Miles. Ope1·ated-not owned. llfiles. Hannibal, Mo., via Denison & Henrietta to Wichita......... 18 Whitesboro, to Henrietta.. 689 Operatedjointly. June. City, Kan., to Parsons. 1581 St. Louis...~o Texas Junction.. 24 Ft. Worth to Houston, Tex .. 327 Kansas city to Paola......... 43 Paola, Kan, to Holden. Mo.. 54 Whitesboro to Ft. Worth..... 71 Branches (9) to Mineola, etc. 451 . Galveston Rous. & IHend .. .. 50 cipal and interest on Dallas & Waco bonds (issue limited to $1,340,000), '£he Missouri Kansas & Eastern bonds are guaranteed, pr~~w:1 and interest, the road forming the St. Louis extension from Fra • Mo., to Texas Junction, Mo .. 162 miles. The mortgage is for $4,000,000, See guaranty V. 56, p. 604 The M. K. & T. in Texas in August, 1892, filed a. mortgage to secure $10,000,000 of l>onds at $20,000 per mile for extensions in Texas. They are guaranteed principal and interest and are so endorsed; trustee Central Trust Co. See above, and guaranty V. 56, p. 604. The Sherman Shreveport & Southern mortgage is fnr $6,100,000 at not exceeding $20,000 per mile; authorized, $3,100,000, of which $2,050,000 pledged under the M. K. & T. mortgage of 1890, and $1,050,000 issued to M. K. & T. for standard-gauging the road, formerly the East Line & Red River. See below. The line is operated separately. The Southwestern Ooal & .Improvement Oo.'s bonds are guarantt-1ed. The mortgage covers the coal underlying about 51,000 acres in Indian Territory, and the company also owns 2,350 acres additional, the D enison & Washita Ry., 15 miles, mines in active operation, etc. Tlie direct revenues in year 1894-95 enabled the company to meet all its own obligations in connection with the development of the property. The mortgage is for $1,000,000. Deferred payments due for oars, etc., on July 1, 1894, were-payments extending till February, 1898, $384,767; payment:,-1 extending till November, 1905, $230,722, to be made from mUeave of oars. GENERAL FINANCES.-ln 1888, when receivers were appOlD.ted, the road was dismembered and in bad physical condition. Since then large expenditures have been made for improvements, connecting links have been built and the line to Kansas City has been leased. Neither Sherman Shreveport & Southern nor the Coal Co. bonds are a charge on M. K. & T. earnings, both companies being separately operated. The second mortgage 4 per cents became tixed inte.rest bonds Au11:. 2, 1895, aiding $400,000 to interest payments as compared with year 1894-95, when only 2 per cent was paid on these bonds. The company's earnings, however, have been increasin11: at a remarkable rate. First mortgage extension bonds for $330,000 were issued in 1895. In Nov., 1895, listed $668,000 additional ffrst extension bonds. LATEST EARNINGS.-ln calendar year 1895 gl'OSi!, . 11,060,135, against $10,502,591 in 1894 and $10,370,325 in 1893. · ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894·95 was in CHRONICLE, V. 61, p. 791, and showed $961,627 spent for improve· ments, etc., and charged to operatmg expenses, against $460,384 in 1893·94. Earnings, etc., havti been as below, the interest paid inoludin!E $400,000 [2 p. c.] on 2d mortgage. Year ending June 30.- 1895. 1894. 1893. 1892. Average miles operated. 2,028 1,960 1,712 1,674 Pas11enger earnings . .• •. $1,970,905 $1,989,448 $1,896,987 $1,870,269 Freight .................. 8,986,779 7,359,213 7,876,357 7,319,912 Mail, express, etc....... 586,679 528,629 · 614,847 560,382 to Sault Ste. Marie, Mich., 491 miles; branches, 15 miles; from ~tfinne- Pacific 4 per cent bonds and on the Booneville Bridge 7s, and prin- I Total owned ...... ..... .... 1,6791 Total operated .............. 2,197 Road leased,. Miles. Operated separately. T exas Jct. to Franklin Jct . .. 162 Sherman Shrev. & SouthernPaola to Stevens, etc......... 150 J'ffers'n to Greenv.,Tex.,&o. 155 The Holden Branch, 54 miles, was leased to \1 o. Pao., but lease was canceled Sept. 1, 1895. M. K. & T. trains run into Galveston over the Galveston Houston & Henderson tracks. A line from Holden, Kan., to Greenridge, near Sedalia (called St. Louis & Kam'las City cut-off). 33¼ miles, was completed in October, 1895. (V. 60,p. 83; V. 61, p. 471, 791.) ORGANIZATION, &c.-Reorganized in 1890, without foreclosure, [plan ln V. 49, p. 719,) the old flrst mortgage being paid off at par. The ·•M. K. & T. Railway Company of Texas" was formed with capital of $8,000,000 to consolidate certain or the roads in Texas. The entire stock is deposited with Central Trust Co. as trustee for the benefit of the M. K. & T. security holders. (V. 54, p. 1047; V. 55, p. 298.) M. K. & T. owns entire capital stock of the M. K. & Eastern. LAND GRANT.-Land grant in Indian Territory 3,110,400 a.cres, subject to extinguishment of Indian title. (V. 55, p. 937; V. 61, p . 1155.) STOCK.- Besides stock as above the Boonville RR. Bridge Co. has $1,000,000 stock; and the M. K. ,\i T. of Texas has $2,012,500 or stock included by M. K. & T. in its balance sheet in the outstanding capital. BoNDS.-Full abstracts of the first m01·tgage of 1890 (trustee Central Trust Company) and of the second mo'r tgage (trustee Mercantile Trust Company) were in V. 51, p. 495. The!'e mortgages cover the main line from Hannibal, Mo., to a point 80 miles from Houston, Tex., a. distance of 941 miles [except 71 miles of trackage] and sundry branches, the total mileage mortgaged being 1,601 miles, including the Sherman Shreveport & So., formerly the East Line & Red River RR. The bonds of the Sher. Shr. & So., except $1,050,000 [turned over to M. K. & T. for standard gauging the line [are oepositf'd as part security for the aforesaid mortgages. These ruurtgages also cover the right to the land grant in the Indian Territory. Payment of intereRt on the,secondmortgage of 1890 is obligatory siuce the coupon of Aug. 1, 1895, the payments to and including that date having oeen dependent upon earnin~s. Interest payments: ln Feb., 1892, ~ p.o.; Feb., 1893, 2 p.o.; Feb., 1894, 2 p. c.; Feb., 1895, 2 p. c. First mortgage extension bonds are authorized at "$20,000 per mile for new lines and equipment" for future branches. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I Gross earnings ....... $11,544,363 $9,877,290 $10,388,191 $9,750,563 Oper. exp. and taxes ... 8,421,184 7,205,941 7,810,734 7,317,493 Net earn., incl. oth. ino.$3,123,179 $2,671,349 $2,597,490 $2,433.070 Interest on bonds .. .... 2,612,9t3 2,609,360 2,359,443 2,259,827 Rentals., &c.... .. . . •. .. . 285,497 71,510 • . ... .. . 94,300 ------ ------- Ba.lance ............. sr.$224,739 def. $9,521 sr.$238,047 sr.$78,943 - (V. 59, p. 833, 920, 1141; V. 60, p. 83,177,219,749, 1010, 1059 1105, P45: V. 61, p. 113,471,662, 791,967, 1013, 1064, 1155. 1'Ils1murl PacUlc.-RoAD-The lines operated are as follows: Lines owned and controlled. Miles." Leased lines and trackage. Miles. St. Louis to Omaha........... 495 Boonville St. L. & Southern... 44 Pleasant Hill to Jopun, Mo .. 1331 Verd. Valley Ind. &West...... 81 12 branches owned ........... 450 Leroy & Caney Valley .••...••. 52 Proprietary lines [entire st'ck Kansas City & S. W.. .... ...... 48 own'd]form'glinetoPueblo, Trackage to St. Joseph, etc.... 29 Col., eto ..................... 1,833 -Total Mo. Pacific and branch lines ..................... .... ..... 3,165 The l ease of the Holden Branch, 54 miles, was canceled Sept., 1895. Also operates Central Branch Union Paci.tic, 388 miles; St. Louis Iron Mountain .v Southern and leased lines, 1,773 miles. Grand total Mi1$souri Pwoifio milea1?e January 1, 1895, 5,380 miles. Operated in.de . pendently, Arkansas & Louisiana Ry., 26 miles . ORGANIZATION, LEASES, &c.-'.rhe .Pacific RR. of Missouri was sold in foreclosure September 6, 1876. The present company was a consolidation in August, 1880, embracing the Missouri Pacific and minor roads. The bonds of tile prowietary lines are practically all pledged to secure Mo. Paoitl.o loans. The · Iron Mountain stock is mostly owned by the Missouri Pacific. Complete control of the International & Great Northern was stioured in 1892. See V. 54, p. 366. STOCK.-lnorease of stock to $55,000,000 was authorized in July, 1890, and may be made as stockholders from time to time determine. DIVIDENDS-In 1881, 6; in 1882, ff¼; in 1883 to 1887, j.nolusive, 7 yearly; in 1888, 514; in 1889, 4; in 1890, 4; in 1891, 3 p. c; none since. BONDS.-The Ca1·ondelet branch bonds were extended for 45 years from Oct. 1, 1893, at 412 per cent. The consolidated mortgage is for$30.000 000-trustees John F. Dillon and Edward D. Adams-th.& I I S& J..NVESTORS1 SUPPLE:M ~!NT. L'VOL. ~II. Subscribers -will confer a great t"avor by giving Immediate notice ot" any error discovered In these '.1.'ables. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prino1• Miles Date Sfze, or Amount pal,WhenDue. For explanation of column headings, &c., see notes of of Par Outstanding Rate per When Where Payable, and by Stocks-La.st , on first page of ·t ables. Road. Bonds Value. Cent. Payable Whom. Dividend. Miasouri Pacific-( 0oncluded.J-- Gold oollateral trust bonds ($15,000,000) ... c* &r 1,120 1st colla.teralmort. bonds for $10,000,000 gold.c* 671 Gold funding notes redeemable at par.... . ...... c ... . 52 Ler. &Caney Val.1st M..($10,000 p.m.),1-:old.,gu.c* Verdigris Val. Independence & W. l st M.,g.,guar. 81 lli•souri Pacific System-St. Louis Iron. Mt. ~ So ... 1887 1890 1895 1886 1886 $1,000 $14,376,000 1,000 9,636,000 See text. 520,000 1,000 806,000 i:ooo 5 5 5 5 5 g. g. g. g. g. 1,000 4,000,000 Bt.L.IronMt.&So.lstM.,extendedat5p.c.in'92.c 210 1867 5 2d mort., gold, $1,000 or £200, at hold. opt.'n.c* 310 1872 $&£ 6,000,000 7 g. 1,000 2,500,000 Ark. .Br., 1st M., 1. gr., ext.'95, sub. to call 105.c 99 1870 5 g. 1,000 1,450,000 Cairo Arkansas & Texas lstmortgage,gold.c*&r 71 1872 7 g. Gen. consol. & land gr.M. ($45,000,000), gold.c* 1,428 '81to'7 1,000 21,849,0005 g. Do do gold, stamped, guar. p. & i. .c* 1,428 .... 1,000 7,000,000 5 g. See text. Gold funding notes, redeemable at par ........ c ... . 1895 ~ g. 1,717,000 Car trusts, Dec. 31, '94, due 10 per cent yearly ... . 1st pref. income bonds cumulative ............ r ... . i879 153,020 7 Baring Cross Bridge Co., 1st mort., gold........ .. . . 1873 200,000 7 g. 3,412,000 Kansas & Ark. Val. 1st M. $20,000 perm., gold .. 1 6 5 1887 5 g. 2,342,000 Little Ro.c k & Ft. Smith 1st M.,land gr. sink.fund.. 165 1875 500 &c. 7 Little Rock June. 1st M., guar. p.& i. by Iron Mt.. c* 2 1891 1,000 435,000 6 1 1,800,000 Mol>ite ti Birmingh. R R.-Stock ($1,000,000 is pf.) . . .. . ···5·· Prior lien. (See text) ............................. c ... . i895 200 600,000 General mortgage, $1,200,000, gold ............. c .. . . 1895 200 &c. 1,200,000 4 g. 1,000 Mol>ile ti Girard,-1st mortgage ($200,000 are 6s).c 1,000,000 4 & 6 8 5 1877 1,000 Consol. mortgage for $4,000,000.................. 122 1890 fl90,000 5 Jlol>ile ti Ohio-Stock ($10,000,000 authorized) gold 0 5,:-J20,600 lstM.,Mob.ti0Col.(prin.gold,int.lawfulmoney).c* 472 iS79 5o6' 7 000,000 · lat mort.• exten. ,Colum. to Cairo & branch,golt\. c• 55 1883 1,000 1,000,000 6 ~General mort. for $10,500,000, (now gold) s. f ... c 527 1888 500 &c. 9,136,000 g. Equipment bonds Dec. 31, 1895 .. ................ . .. . '84•'90 1,000 295,418 Moh.cf Malone-lat M.,$15,000p.m.,g.,gu.p.&i. (en.) c>- 181 1892 1,000 2,500,000 4 g. Income bonds non•cum., 5 per cent (see text).... . ... 1892 ..... . 3,900,000 Upto5 J[o,wngahela River-SEE BALTIMORE & OHIO. i:ooo l~. gc. ···s·· i baJa.nce unissued is in the hands of trustees to redeem prior bonds as th6Y fall due if d.eemed best. See abstract of mortgage in V. 47, p. 287. The coliateral trust bonds due 1917 (Union Trust Company o:t New York, trustee) are secured by mortgage bonds of new roads a.t $12,000 or $15,000 per mile; these embracing the line from Fort Scott, Kan., to Pueblo.Col• etc. For securities pledged, etc., see V. 4.6, P• 67 8. As to collateral trust bonds due in 1 9 2 0, see V. 50, p. 669,87 4 . Boon• ville St. L. & So. 1st mort. tis for $400,000 due Aug. 1 , 191l, are outstanding; interest is payable F. & A. at Am. Ex. Nat. Bank, New York. GENERAL FINANCES.-Diviaends were discontinued in October, 1891. In June, 1895, the issue of $8,256,000 of Misijouri Pacific collateral trustnotes("goldfundingnotes")and$4,744,0008t.Louis&IronMoun• tainnotes were autl10rized to fund the floating debt of these comvanies and provide for future needs. Of the St. L. & I. Mt. notes $1,495,000 a.re guaranteed by the Missouri Pacific. The notes are redeemable at pl\r and interest at any time. Mercantile Trust Co., trustee. (V. 60, p. 1059.) In Oct., 1895, none issued. See floating debt V. 60, p. 478. Total amount of Mo. Pacific and Iron Mount. securities funded from 7 and 8 per cent into 5 per cent bonds during the past four years a.mounts to $14,516,000. A1mual reiuction in interest $298,320.'' EARNINGS.-Jan. 1 to Dec. 31, 1896 (12 months), gross of Mo. Paciflo and St. L. I. M. & So. r,ombined, $22,711,612, agst. $21,800,646 in l894, .ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held at St. Louis in March. Report for 1894 was in V. 60, p. 478. Earnings of Missouri Pacific system, excluding operations of Central Branch U. P., have been as follows: "Other income" in 1893 includes dividend on Iron Mountain stock, $514,322; do. on Pacific Express $216,000, etc. 1894. 1893. 189 2 . 4 ,992 4 .987 4 •9 8 4 Miles operated ... •··•····· Total earnings ............ $21,800,646 $24,018,339 $26,3-!4,789 Operating exp. and taxes 17,379,797 19,091,191 20,077,040 Net earnings.......... $4,420,84:9 Ratio exp.&tax'sto earns. (79·721) Other income, &c.. .. . . .. . $741,439 $4,927,148 (79·486) $1,543,711 $6,267,74~ (76·209) $698,704 Total net income · • • • • $5,162,288 $6, 4 70,859 $6,966,453 Interest paid on bonds.·· $5,128,378 $5,02 6,9 22 $4,993,953 :entis . ....... ,ri,~!g,•Iii ~5~,•~~~ un Y accoun s .......••._ _ _ _ _ ______ ______ Surplus .............. def.$1,933,355 sur.$108,804 .snr.$803,617 ,r Includes $1,207,041 interest on "advances by directors." For the Missouri Pacitlc proper and branches (3,214 miles), not in· oluding Irol! Mountain and other auxiliaries, the report was as follows: Year ending Dec. 311894. 1893. 1892. Miles operated December 31..... 3,229 3,214 3,214 Pa.ssenger earnings ............... $2,055,634 $2,393,776 $2,641,684 Freight............................ 7,391,310 8,190,509 10,301,205 Ma.il, express and miscellaneous.. 1,622,707 1,720,588 1,712,111 g~~.•~~g t........... Total earnings •• • - • • • •· - • • • • • .$11,069,652 $12,304,873 $14,655,000 Net earnings ...................... $1,959,081 $2,275,456 $3,817,275 Dividends,interest, &c.,received. 677,929 1,387,104 664,287 Total net income ...••• ···•·•·· $ 2 ,637,0lO Interest on bonds ................. $2,778,092 Taxes, rentals, &c ................• ,rl,648,035 $3,662 ,560 $2,780,848 792,841 $4, 4 8l,56 2 $2,734,850 1,028,095 Balance for year .... ••·-•·••• .def.$1,789,117 sur.$88,871 sur.$718,617 'II T.his item includes: Taxes, $643,309; rentals, $139,682: interest and exchange,.$823,115; miscellaneous, $41,929.-(V. 60,p. 391, 4'78, 795, 1059; V. 61, p. 152, 830.) .Missouri Pacific System-st. Louis Iron Mountain & Southern.-Owns St. Louis to Texarkana, Texas Line, 490 miles; branches to Belmont, Mo., Bird's Point, Mo. (Cairo), Camden, Ark., .Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark., Mem• phis, Tenn., &c., 747 miles; Houston Central Arkansas & Northern Rail• wa.y, McGehee, Ark., to Alexandria, La., 190 miles; total owned Janu• vy 1, 1894, 1,427 miles. Leases Little Rock & Fort Smith and Little Rock Junction railroads, 176 miles; Kansas & Arkansas Valley .RR., 170 miles. Total operated December 31, 1894, 1,773 miles. BTOCK.-Stock $25,788,925, of which $25,716,105 Jail. 1, 1895, was owned by M1ssour1 Paciflo-mostly acquired in 1881. BONDS.-The general consolidated mortgage is for $45,000,000, bonde being reserved to retire a.ll prior issues, these coverin~ only 485 miles. The mort. is ajtrst lien on the 947 miles in Arkansas and Louisiana. and on all unsold lands, amounting to 678,819 a.ores on Jan.1, 1895. Trus· tee o:t mortgage, Mercantile Trust Co. of New York. As Indicated 1n the table above. part of the general mortgage 5s (Nos. 11,001 to 18,000 inclusive) are endorsed with tbe Missouri Pacitic's guaranty of princi· pal and interest; form of guaranty was m V. 56 p. 650. "Advances by directors" Jan. 1, 1895, $3,135,266; due Mo. Pac., current ac• oounts, $1,495,233. Gold funding notes for $4,744,000 were authorized on the St. Louis & Iron Mountain in June, 1895, to provide for the floating debt and "advances." Of these notes $1,495,000 are guaranteed by the Missouri Pacific which see above. N. Y. Stock Exchange Oct. 1895 reported https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M. F. M. J. M. & & & & & 8. N. Y.,MercantileTr.Co. A. do do S. do do J. do do S. do do F. & A. N.Y. Mercantile Tr. Co. New York or London. J. & D. N. Y., Mercantile Tr. Co. J. & D. do do A. & O. do do A. & 0. do do M. & 8. do do Quar'ly. do do March. do do do do J ...&.. J. do do J. & J. do do A. & 0. do do M. & N. Jan. Aug. Mar. July Moh. 1, 1, 1, 1, 1, 1917 1920 1905 1926 1926 May 1, 1897 May 1, 1897 June 1, 1935 June 1, 1897 Apr. 1, 1931 Apr. 1, 1931 Mar. 1, 1905 1895-1902 May 1, 1897 Apr. 19, 1898 Jan. 1, 1937 Jan. 1, 1905 Apr. 1, 1916 .T ...&.. J. N. Y. ·clty:·Agency. Juiy ..i;°i!M5 J. & J. do do July 1, 1945 J. & D. Dec, '92, paid Feb., '95. June 1, 1897 J. & D. 1940 J ...&. D. Q..-Jan. M. & 8. Various. M. & 8. Aug. 29 N. Y., Farm. L. & Tr. Co. do do N. Y., Gallatin Nat. Bk. N. Y., Farm. L. & Tr. Co. N. Y., Knickerb. Tr. Co. N. Y. Of., when earned. Dec:· 1,..fa27 July 1, 1927 Sept. 1, 193P Var., '96-1904 Sept. 1, 1991 Sept. 1, 1992 $25,290,000 general consols outRtanding; the company $28,849,000 Arkansas Branch first 7s for $2,500,000 due June 1, 1895, were refunded at 5 per cent till June 1, 1935, redeemable on 90 day's notice at 105 per cent. V. 60, p. 712. LANDS.-The sales ot land in Arkansas for 1894 were 18,398 acres at IJ3·18 per acre, the total sales, including town lots, being $58,548; 1n Missouri were 47,804 acres for $1 ·54 per acre, the total sales, includin~ town lots being $73,592; from Little Rock & Fort Smith ~ant 13,858 acres for $2·86 per acre. Lands in Arkansas uneold Dec. 31, 1894, 650,· 849 acres; in Missouri, 27,970 acres; of L. R. & F. 8., 531,820 acres. ,. ~~= R R rt f 1894 · v 60 479 h d ~~,.,AL EPORT.- epo or m · ,p. ,s owe : 1894· 1893· Year ending Dec. 31 1892. 1 , 773 Miles operated Dec. 3 1.. · · •• · · · l, 773 1,770 Gross earnings ................. $10,730,994 $11,713,465 $11,689,789 Net earnings................... $3,358,089 $3,485,714 $3,289,327 Other receipts.................. 63,510 156,606 32,511 ---·-----Total net income........... $3,421,599 $3,642,320 $3,321,838 Interest on bonds.............. $2,350,286 $2,246,074 $2,259,103 Taxes, bridge exp., rent'ls, &c. tl,215,~52 860,691 977,535 Dividends.~···············...... ......•. (5) 515,623 .••.•••• --·---·--Balance for year ........... def.$144,239 sur. $19,932 sur. $85,200 t This item includes: Taxes, $253,012; rentals, $381,095; car trust expenses and miscellaneous, $581,445. ' -(V. 58, p. 4'73; V. 60, p. 4'79, 712, 795, 1059; V. 61, p. 152.) Mobile & Hlrmlne;ham RR.-Mobile to Marion Junction, Ala. 149 miles; trackage to Selma, 14 miles; opened in July, 1888. S f M HISTORY, ETC.- uccessor o the obile & Birmingham Railway. Reorganized after foreclosure April 27, 1895, per plan in v. 60, p. 657. BONDS.-'.rhe new prior lien bonds may be increased at $18,000 per mile if the 67 mile extension to the Cahaba coal fields is built. Of the $1,000,000 prior lien only $600,000 were to be issued at once. Central Trust Company is mortgage trustee. ANNUAL REPORT.-The reC1eiver's report for the year ending June 30, 1895, was in V. 61, p. 1104, showing gross, $305,140; net, $39,078. In 1893-94, gross, $282,998; deficit under operating, $8,15'1. President, T. G. Bush. (V. 60, p. 657,795; V. 61, p. 69, 1104.) Mo bile & Glrard,.-Absorbed by CENTRAL OF GEORGIA RY.-which see. <V. 59 , p. 92 0; V. 6 0, p. 392 , zoo8,· V. 61, P, 793, (}66.) Mobile & Ohlo.-(SeeMap.J-0wns from Mobile, Ala., to Colum bus, Ky., 472 miles, proprietary line, Kentucky & Tennessee Railroad to Cairo, 21 miles; also branches to Starkville, &c., 34 miles; total owned, 527 miles; leases St. Louis & Cairo (which see), Cairo to St. L., 152 miles, and track to Millstadt, 9 miles; total operated, 688 miles. HISTORY, ETc.-Opened in 1861, reorganized in 1879 without foreclosure. As to proposed extension to Montgomery, Ala., see Montgom ery Tuscaloosa & Memphis. LANDS.-Lands June 30, 1895, were 519,659 acres, valued at $256,579 against 557,965 in 1894. STOCK,-Stock authorized, $10,000,000; outstanding, $5,320,600; par, $100. The voting power on $4,953,300 of the stock is exercised by the general mortgage bondholders by virtue of the deposit in trust under the general mortgage of the old debentures of 1879, upon which this voting power was conferred. The Supreme Court of Alabama in April, 1893, decided that the voting trust 1s still in force and valid. · BONDS.-Under the general mortgage of 1888 (trustee, Farmers' Loan & Trust Co.) there can be no foreclosure till four ooupons are in default. In May, 1895, the entire issue was made payable in gold by vote of the board of directors. V. 60, p. 967. Of the $10,500,000 authorized, the amount canceled by sinking fund is $762,500, in reserve in treasury June 30, 1895, $601,500. In June, 1895, $1,250,000 were issued to discharge floating debt and for additions and improvements. See V 61, p. 239, 664. Mortgage abstract, V. 47, p. 83. LATEST EARNINGS.-5 mos., { 1895 ... gro 1 $1,511,967; net, $608,043 July 1 to Nov. 30. 1894 ... gross, 1,340,618; net, 505,674 ANNUAL REPORT.-Fiscal year ends June 30 . .Report for year 1894·95 was given at length in v. 61, p. 657,664. Year end'g June 30- 1895. 1894. 1893. 1892. Total gross earnings. $3,269,989 $3,253,692 $3,358,471 $3,443,760 Net earnings......... 1,115,503 1,216,972 1,099,281 1,086,293 P. ct. op. ex. to earns. (65·89) (62·60) (67·27) C69·10> Interest and rentals. 1,034,354 1,037,323 1,044,381 1,044,130 Balance, surplus... $81,149 "$179,649 *$54,900 *$42,163 ,. There was also expended for equipment and new construction (additional to operating expenses), $451,980 in 1890·91, $218,070 in 1891. 9 2, $210,902 in 1892·93; $172,331~in 1893·94. (V. 59, p. 191 v 61 'p. 39 • 6 5 '7, 664.) 648 ; v · 60 ' p. 177• 967 • 10"'9 ., ; · 1'.loha-wk & Malone.-( See Map N. Y. 0entral.J-0wns from Her kimer, N. Y .• on the N. Y. Central's main line northerly to Malone, on the Central Vermont, with branches, 181 miles in all. HISTORY, LE4SE, ETc.-Completed 1n November, 1892. Furnishes access to heart of Adirondacks and forms link in a new through JANUARY, RAlLhtJAD STOCKS AND .BONDS. lb96,J S7 ~=z==================== ========-=-·-==~==-== MAP OF THE MOBILE & OHIO RAILROAD AND ITS CONNECTIONS. A https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .R ss INVESTORS' S CT P PLEMENT LVOL, LXII, Sub8crlbe~~' •in cont"er a great Cavor by giving Immediate notice of" any error dl8covered In the8e Tables. Bonds-PrinciRAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or Due. Amount Rate per When Where Payable, and by pal,When For explanation of column headings, &c., see notes of of Par Outstanding Stocks-Last on first page of tables . . Dividend. Road. Bonds Value. Cent. Pay,!J'ble Whom. Monterey ff Mex. Gulf-'--lst. M.. $25,000 perm., ~.c* Mont. cf: Erie-ht & 2nd mtges. ($40,500 are 2ds). Montgomery cf: Erie Ry.-Lst m. (old 7s ext. in '86, 2d mortgage (old 7 s extended in 1887) .. ......... Montgom di Eufaula-1st, s. f., $15,000 not dr'n .. c* Mont. Tusc. d Mem.-lst M., g., $18,000 tm. gold .c* Morgan's La. d Texas-N. 0. Opel. & Gt. est.1st M. 1st mortgage (New Orleans to Morgan City) . .. c* 1st mo~age, Alexandria Extension, gold ........ Morris d ssex-Stock, 7 c. guar. D. L. & W ...... 1st mortiage, sinking und .....•................. . Convert! le bonds ......................•........... Gen. M. & 1st on Boonton Br. &c. (~ar. D.L.&W.) Consol. M. (for $25,000/00) guar. . L. & W .c*&r :rcecial real estate bon s ......••.................. orris & Essex Extension stock,J:uar. 4 per cent. Morristown if Oum. Ga-f,;;lstM.,$2 ,OOOp.m.,gld.c* Mt. Holly Lumb. ff Me rd-1st M. gu.~.&i. Pa.RR. NC&Bhua d Lowell-Stoc ,9 p.c. rental, 2 yrs. B.&M. Bonds not mortgage, assumed by lessee .......... NC&Bh1oille Ohattanooia d St. Louis-Stock .....•..... 1st mortgage (for 6,800,000) ................ c* &r 2d mortgie, gold or silver .................... c* &r 1st M. on ayette. and McM.brs.($6,000p.m.)c*&r lat mortgage on Lebanon Branch . ••............ c* 1st M. on Jasper Br. ($90,000 are 8s, due 1906)c* 1st mortgage on Centreville Branch, fold ... . c*&r lat M. on Tracy City Br. (Tenn. C. & . RR.) .c*&r lstM.onBonAirBr.,red.atgar aft.July'97, ... o.. Consol. M._ ($20,000,000), $2 ,000 m., ~old ... c" W. & Atl. mes. ($650,000),$26,00 due y rly,g.c. Nuh'Dille d Decatur-Stock, guar. 6 c. by L. & N. 1st mort., guar., s. f. ($200,000 be din smk. fd.) . lu. 8· f:: 389 - - - - - - ----- ---1888 ...... 1866-7 ---· ·si ·so 102 157 ·s4 .... iai ···2 40 ·"is 1866 1867 1879 1889 1859 1878 1880 ··-· 1864 Var'us 1871 1875 Var'us is9i . -- . ---· isso 340 i873 321 1881 125 1877 29 1877 43 '77-'83 46 1883 20 1887 7 1887 740 1888 1895 ii"9 119 is70 $1,000 $9,727,000 170,500 130,000 40,500 1,500,000 1,000 864,000 249,002 678 1,000 5,000,000 1,000 1,494,000 50 15,000,000 500 &c. 5,000,000 1,000 281,000 1,000 4,991,000 1.000 11,677,000 2,795,000 221,000 1,000 1,000,000 75,000 800,000 100,000 10,000,000 1,000 6,300,000 1,000 1,000,000 1,000 750,000 1,000 300,000 1,000 461,000 1,000 376,000 1,000 500,000 1,000 114,000 1,000 5,100,000 1,000 See text. 25 2,303,582 1,000 2,100,000 ...... ··---- i:ooo .. ioo ..ioo ··ioo line from New York City to Montreal. In 1893, N. Y. Central leased the road and gu~ranteed its first mortga~e bonds. The surplus in any year after payment of the first mortgage mterest for that year to pay not exceedip,g 51>er cent interest on the incom~s. N. Y. Central owns the $4,500,0()0 stock, and has the option of retirmg the incomes at any time, and issuing in lieu thereof 2d mortgage guaranteed gold 4 per cents, due Sept. 1, 1991. See official statement v. 56, p. 501. As to bonds see v. 56, p. 782. (V. 57, 1). 22· v. 61 p. 926. ' ' ' lUonterey & ~exlcan Gulf.- Owns road copipleted in August, 1891, from Venadito (on the Mexican International Railroad) via Monterey to Tampico, on th~ Gulf, about 390 miles. See V. 62, p. 85. HISTORY.-On Oct. 10, 1895, the receiver (appointed in 1892) was disohar~ed and property turned over to the bondholders' committee· The Societe Anonyme Belge de Chemin-de Fer au Mexique-which holds 51 per cent of the M. & M. G. stock. Nearly all the .M. & M. G. bonds and ~ast-due coupons have been exchanged at par for the $1,000 shares of this company. AugustusFrasez, President-, Brussels, Belg.; Coudert Bros., 68 William St., N. Y., attorneys. Mex ico gave this road a subsidy or $14,222 per mile in 6 p. c. silver bonds. Stock, $100,000. Foreclosure of first mortgage is in progress. EARNINGS.-January 1 to Nov. 30, 1895 (11 months), gross, $1,116,· 246, against gross, $1,0,04,934 in 1894. In year ending Dec. 31, 1894, net, $328,290. In 1893 gross, $999,162; net, $180.931. (V. 56, p . 463 , 835 ; V. 57 • p. 638 ; V. 60, p. 562 ; V. 61 • p. 662 ; V. 62 • p. 85 ·> R~:~rct':e~ry & EuCaula.-Absorbed by CENTRAL OF G~OROIA · · Montgomery & ErlP- Ry .-(See Map Erie Rai l?'oad.)-Owns road from Montgomery to '3oshe o., N. Y., 10 mileEI. Road opened 1867. Leased in 1~72 to N. Y. L . E. & W. (now ERIE RR.-which see.) Rental is $16,000 per annum. Stock, $150,000. Dividends (4½1 p er cent per annum) are paid May 10 and Nov. 10. 8inking fund $6,500 per annum. rtontgomery Tuscaloosa & Memphls.-Projected Montgom· ery, Ala., to Columbus, Miss., with branches, 198 miles. In March, 1895,about 115 miles had been graded, but no track laid. March 19, 1895, placed in the hands of Geo. B. Sheelman. as receiver, in foreclosure suit of Metropolitan Trust Company. The sale is advertised to take place February 3, 1896; completion of road is proposed. BONDHOLDERS' COMM1TTEE.-Mayer Lehman, E. Burns, w. C. Lane, L.B. Farley, J. W. Woolfolk. (V. 60, p. 562,968; V. 61, p. 830. 1'.lore:an's Leulslana&TexasKK. &SteaD18hlpCompany, -( See Map of Sou{hern Paciftc.J-RoAD-Owns New Orleans to Cheney• ville, 204 miles; branches, 55 miles; trackage to Alexandria, 24 miles. ORGANIZATION.-The Sou1hern Pacifl.c Company, on Jan. 1, 1894, held $14,995,000 of the $15,000,000 stock and operated road under lease. The lessee pays all charges and also 23 per cent of the net profits under the "omnibus lease." Company has 12 iron steamships and 9 ferry andI"IVer steamers and tugs plying between New York and New Or· leans and between Gulf ports; also wharves, warehouses, ana on Jan. 1, 1894, owned $740,500 bonds and $781,248 stock of other companies. E 11 th ) 1895 $5 373 365 t $1 325 275 ARNINGS.gross, 5,353,281; '' ' ; net, ne • 1,204,847 ' ' Jan. 1 to Nov.mon 30. s, )~ 1894 ····· ......· gross, For year 1894 gross, $6,036,971; net, $1,490,781, against $1,281,· 436 m 1893; surplus over charges, $469,601; net profits due com• pany under lease to Southern Pacific, $275,123. Morris & EHex.-(See Map of Delaware Lackawanna d Western.)Owns from Hoboken, N. J.1 to Phillipsburg, N. J., 85 miles; branch, Denville, N. J., via Morris di Essex Tunnel, to Hoboken, N. J., 35 miles; leases 16 miles; total operated, 136 miles. LEASE.-Leased in perpetuity to Delaware Lackawana & West., which assumed all liabilities and pays 7 p. c. per annum on the capital stock. They also agree to pay 8 per cent in case 30 per cent of the gross earnings in any one year !!hall be sufficient to pay all charges and 10 . per cent on the 11tock; but in no case more than 8 per cent. See form of guaranty, V. 56, p. 812. EARNINGS.-The road is important to the Delaware Lackawanna & Western as a route with terminal facilities on New York Harbor, but the actual earnings on the road show a lar'te annual deficit for the lessee company after the payment .of rental. The loss to lessee was in 1891 over $900,000; in 1892, about $1,500,000; in 1893, $1,525,959; in 1894, $1,960,852. ln 1894 grbss earnings of road proper. (119 miles) were $5,370,785; net, $752,328. In 1893 gross,$5,791,2o7 ; net, $1,164,471. In 1892 gross, $5,772,665; net, $1,149,429. Na8hua & Lo-well.-Owns from Lowell, Mass., to Nashua, N. H. 15 miles. On October 1, 1880, a lease for 99 years to the Boston & Lowell was made. In 1887 lease was transferred to Boston & Maine Railroad ·Company, which pays a rental of $73,000 (9 per cent on stock). Na 8hvllle Cb.attanooga & St. Louis.-( See Map.J-Owna from Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to Lebanon, &c., 427 miles; leases Western & Atlantic, Chattanooga, Tenn .• to Atlanta, Ga., 137 miles; owns all capital stock of Rome RR., Rome, Ga., to Kingston, Ga., 18 miles; total operated, 902 miles. On Jan. 1, 1896, leased Paducah Tennessee & Ala., 119 miles, and Tennessee Midland, 136 miles, acquired in interest of J,ouisville & Nashville.See V. 61, p. 1155. ORGANIZATION.-A majority of the stock ($5,500,500) is owned by the Louisville & Nashville, and pledged under its uni:fied mortgage, etc , 80 that the two systems are operated in close harmony. The Western & https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 g. 5 5 5 6 6 g. 5 7 6 ~7 per an. 7 7 7 7 4¼& 5 4 per an. 6 g. 7 9 per an. 5 Text. 7 6 6 6 6 g. & 8 6 g. 6 6 5 g. 5 g. 6 per an. 7 M.&N. Nov.,'91,coup.lastpaid. Nov. 1, 1938 1926-27. M:·&-·N . Goshen, N. Y. May 1, 1926 A. & 0. do do Oct. 1, 1927 J. & J. Jan. ,'93,coup. last paid. July 1, 19,,1-, J. & J. July,'91,coup.last past. July 1, 1929 A. & 0. N.Y.,S.Pac.Co.,23Broad Apr. 1, 1899 do A. & 0. Apr. 1, 1918 do do do J. & J. July 1, 1920 J. & J. N.Y., Del. Lack. &West. Jan., 1896 M.&N. do do May 1, 1914. J. & J. do do Jan. 1, 1900 A. & 0. do do Oct. 1, 1901 J. & D. do do June 1, 1915 do Various. do M:·&·N. do do Nov., 1895 None paid. J. & J. Jan. 1, 1921 Phila., Pa. RR. Co. Apr. 1, 1899 A. & 0. M.&N. Nashua, Indian Rd. Bk. Nov. 1, 1895 do do July 1, 1900 J. & J. Q.-F. N. Y. and Nashville. Feb. 1, 1896 J. & J. N. Y .. ContinentalN. Bk. July 1, 1913 do J. & J. do Jan. 1, 1901 do do Jan. 1, 1917 J. & J. J. & J. do do Oct. 1 1917 J. & J. '10 do Jan.,1906&'23 ,10 Jan. 1, 1923 J. & J. do do do Jan.1897to'17 J. & J. July 1, 1917 J. & J. do do do Apr. 1. 1928 do A. & 0. do Jan. 1, '97-'20 J. & J. do Nashville. J. & D. Dec., 1895 .J. & J. N. Y., 120Broadway. July 1, 1900 I1890, Atlantic 1s leaReit from the State of Georgia for 29 years from Dec. 27, at $420,012 per annum. DIVIDENDSJ 1888 1889 1890 1891 1892 1893 1894 1895 1896 since 1887. 414; 5 5 5 5 334 312 4 below In 1896 eb ·1 p c ' ·• · ·. BONDS.-Th~ Tracy City branch 6s fall due $20,000 yearly on Jan. 1, to 1916 inc111:s1ve, and $100,000 on Jan. 1, 1917. The consolidated mortgage of 1888 (United States Trust Co., trustee), provides that all prior bonds shall be paid otr at maturity; sufficient of the $20,000 per mile are reserved for them. Western & Atlantic income mortgage 5 8 for $650,000, (Central Trust Co., N. Y., trustee), were issued in 1895 to reimburse the N. C. & St. L. for renewals and improvements macl.e on that road. The incomes are secured by mortgage on all W. & A. property in possession of N. C. & St. L .. and also cover the $500,000 State or Georgia bonds deposited as security for the lease. Each Jan. 1 26 bonds fall due. Duck River 2ds (now tlrsts) $22,000 g-old 6s, due Nov. 1, 1909, interestM. & M., 'Bre outstanding. See v. 61, p. 519. On July 1, 1895, all the incomes were in the treasury. GENERAL FINANOES.-Bllls payable incurred in purchase of Rome RR., etc., were $1,029,250 July 1, 1895, against $768,718 in 1894. EARNINGS.- 6 month s, i 1895 ...... gross, $2,635,73..t.; net, $1,083,869 Julyl to Dec. 31. 51894 ...... gross, 2,372,369; net, 999,022 ANNUAL REPORT.-Fiscal year ends June 30. The report for 1894-95 was given at length in V. 61, p. 495, 511, 518. Year ends June 30. 1895. 1891. 1893. 1892. Mileage end of year...... 902 884 810 810 G min .t?A 608 502 $4 521 662 $5 131 779 $5 353 288 ross ea gs ...•.• ····••q>'S• ' ' ' ' ' ' ' Net earnings .............. 1,882,142 1,850,482 1,992,374 2,029,007 Investments, etc. ... . .. ... _ _ 18,424 33,443 ~0,061 31,886 Net income............... 1,900,56.6 $1,883,925 $2,162,435 $2,060,893 Interest on debt and taxes 1,077,425 1,022,571 1,012,331 950,515 Rental w. & A. RR....... 420,012 420,012 420,012 420,012 Improvements............ 21.859 25,537 51,355 118,111 Dividends .....•.......... (4)400,000 (2¼)250,000 (5)500,000 (5)500,000 ---.-- - - - - - - - - - - Balance.................. def.$18,7iO sr.$165.R05 sr.$178,738 sr.$72.253 -(V. 59, p. 836; V. 60, p. 302; V. 61, p. 472, 495, 511, 518,1107. ) Nashville & Decatur.-(See Map Louisville d Nashville.J-Owne from Nashville, Tenn., to Decatur, Ala., 119 miles. Leased to Louisville & Nashville for 30 years from July 1, 1872, at a rental of 6 p. c. per ann. on stock. The lessfl• assumed ail the debt and owns $915,800 of its stock. On June 30, 1894, sinking fund held bonds of face value, $581,500 of which $200,000 were N. & D. firsts. See V. 59, p. 604. EARNINGS.-Earnings are now included in L. & N. reports. In 1892,93 $1468199 t $$450 664 i t t $147 000 balance ' ~TOBE! ' • ; ne • • ; n eres • • ; for dividends, etc., $303,664. In 1891-92 grosi,i, $1,443,431. Na8hvllle Florence & Sheffield.-( See Map Louis'IJille d! Nash'IJille.J-Owns from Columbla, Tenn., Ala., 82 in kto Sheffield, T milmiles, with branch Iron City, Tenn., to P c ney, enn., 12 es; operates Napier branch, 11 miles; total, 105 miles. Operated by Louisville & Nashville, which company guarantees the principal and interest of the bonds by endorsement, and owns $729,400 of the $872,385 stock, par $lOO. Stock authorized, $2,Q00,000. Due L. & N. on open account June 30, 1894, $513,818. In 1892-93 gross earnings were $140,681; net, $l6,625; taxes, $6,741; interest, etc., $132,856; deficit, $122,972. 92 93 $199 922 t $28 447 (V 53 793) In 18 · gross, • ; ne ' • · · • p. • National Dock■ Ry.-Road extends fro~ United N. -!· RR. at Point of Rocks to Constables Hook, N. J., 5·99 miles; Commumpaw br., 0·38 miles; Kill von Kull branch, 0·54 miles; total, including second track ancl sidings, June 30, 1894, 16·27 miles. Road opened Dec. 1, 1883. Stock June 30, 1894, $2,607,400; unfunded debt, $10,257. EARNINGS.-For year ending June 30, 1895, gross from freight tolls, $!84,2 7 2; net, $156,359; other income, $576; charO'es, $15,380; dividends, $ 130 ,37 0; balance surplus, $11,185. In 189'$·94, gross, $109,"68 D ' id d ·d j 1894 95 t d to $130 370 90 l; net, $ 91 ,.., · iv en s pat n · a.moun e , <5 p. c.); in 1893 · 94 , $ 52 ,14 8 (2 p. c.) OFFICERS.-President, Charles A. Sterling; Secretary, James A. Hand; Treasurer, C. M. Johnson. Office, 45 Broadway, New York. Nesquehoning Valley.-Owns from Nesquehoning Junction, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, to Lansford, Pa., 1 mile. Leased for 999 years to the Lehigh Coal & Navigation Company. In 1884 the option to purchase the 1toclr at par and interest was suspended for 20 year1, with a guarantee of 5 per cent per annum on stock. Nevada Southern .Ry.-See SUPPLEMENT of October, 1895. Newark Somer8et & Stralt8vllle-Owns from Newark, 0., to Shawnee, O., 44 miles; branch 3 miles. Leased to B. & 0. till Nov.1, 1929 (with right to perpetual renewal at B. & O's option) at 30 per cent of gross earnings and a minimum rental of $40,000 (interest on debt), Stock, common $795,600, and preferred, $230,900 (par both, $50). $705,550 of the first and $191,850 of the latter owned by Baltimore & Ohio. In 1 Q04.q5 in-oss earns., $123,572; deficit from oper., $2,015. ·In 1893-94. gross, $99,6 ; deficit, $12,445. In 1892·93 def., $8,830. N e-wb urg Dutch e & c.- see SUPPLEMENT of October, 1895. ~ 'I) MAP OF THE NASHVILLE, CHATTANOOGA ~ST.LOUIS RAILWAY (/j A ·~ ~ Q z~ r.Q ~ 0 0 E--4 Cl.l ~ 0 ~ ~~ ~ ....~ ti-.. i:4 <11 t:l z ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .INVESTORS' SUPPLEMENT. 90 [VOL. LXII. Sub8crlb er8 will co nf'er a g r e at f'avo r by g lvlnar hnme dlate notice of' any e rror dl8covered ln the ee Table e. BondB-Prmci INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rate r.er When Where P-Mable, and by paJ,When Par of Stocks-La.at For explanation of column headings, &o., see notes of horn. Road. Bonds Value. Outstanding Cen . Payable Dividend. on first page of tables. Na11h. Flor. Natth'fJilte d d Sheff.-lst M. ($2,500,000), gold, gu.c Kno:miille-lst mort. for $2,000,000 .. c* National Docks Railway-Stock ............. ·--··--· Nesauelwninfi Vat.-Stook, 5 p.c. gu. till 1904 ....... Ne,,,adar-Oa if.-Oregon.-lst M. $2,200,000, gold. Ne'fJaiia Oentral-lst M. g., income (sinking fund) .. Nevada Southern-lat M., $1,500,000, gold .... c*&r Newark Somerset d Straitsv.-lstM.,ext.in '89, g.c* Newburg Dutchess d Oonnecticut-Col. trust bonds. Income mortgage for $1,625,000 ................ r New Oastle ~ Beaver Valley-Stock .............. : ... New Oastle ~ Shenango Valtey-lRt M., i~t. f?Har... New England RR.-Common stock ...... . .......... Preferred stol'k, 5 o.. non-cum. ($5', 000,000) .. . N.Y.& N.E. Lst M. ( 6;600,000 Rre 7s) ourrenoy.o* Consolidated mort~age} For old seconds .. ....... $17,500,000 gold ... Available for imp., &o.. Boston Terminal l st mortgage for $1,500,000. o* Due on purchase P1faer's Wharf.................... Mortgage notes on and at Springtleld & Hartford N tw Jersey Jimction-lst. M.,juar. byN.Y.Cent.o&r N ew Jersey d New York-1st . (reorganization) .c* i· years>~: i~:!~!;l\8i!,e$i',2·00:ooo ·<re<i: ·io5· after 5· N. J. &N.Y.Extension lstM., int. guar .......... . N ew London Northern-Stock ........................ Consolidated M., now 1st M. ($688,000 are 4s) .o* New Orleans~ North Eastern-Prior lien m., gold.c* 1st mortiage, W,ld ................................. N. Orl'ns ~ orth est'n-lstM.,$20,000p.m.,g.,o*&r N ew Orl. d So.-Pr!or lien M.sorip,gold,red. at105 o" 1st mort. for $1,000,000, income for fl ve years ... New Orl. & West. RR.-lst Ter. M.,$2,000,000, g .. o* - - --91 73 .. . . 18 5 g. F. & A. N. Y. and Louisville. $2,096,000 1,179,000 M.& N. N. Y., Mercantile Tr.Co. 6 2,607,400 ...... ...... 1,418,600 5 per an. M.& 8. Phila., 226 So. Third St. N. Y ., Moran Bros. 790,000 6 g. J. & J. No coupons paid. 1,000 750,000 5 g. J. & J. isss 1,000 (1) 5 g. J. & J. 1893 5 g. M.& N. N. Y., Union Trust Co. 1869 500 &o. 800,000 M.&N. l!(. Y., Central Trust Co. 226,000 1891 59 5 When earned. 1877 1,164,500 6 Newcastle, Pa. 50 700,000 See text. Q.-J. ---· 1,000 250,000 1887 6 g. J. & J. N. Y.,Farm. L. &Tr.Co. 100 20,000,000, ....... . .... . ----·-···· 100 4,770,000 ..&.. ---1,000 10,000,000 6&7 J. 1876 J. BostordCi>ei>:& Tr.Ce. 1,000 1895 3,i!75,000 5 g. ....... ............. 1895 1,000 4,125,000 5 g. A." ·&: ·o. Boston,' ·siimner St. . ..... 1,500,000 1889 4 200,000 M'thly. Boston. .... . ...... 6 36,800 5&6 iss6 1,700,000 F...&.A. N. Y. Cent. & Hud. Riv. 4 M.&N. N. Y., Mercantile Tr. Co. 1880 500 &o. 400,000 6 1885 500 &c. 100,000 J. & J. do do 5 ....... 1892 do do 369,000 5 J. & J. ..... 120,000 New London, Office . 1,500,000 9 per.an. 4:.:.:i. 1,00 0 isso 1,500,000 4&5 J. & J. N. Y., Bk. of No. Amer. 1885 1,000 l,320,000 g. A. & 0. N . Y., Central Trust Co. 1,000 1881 J. & J . N.Y.,Miiller,Sohall&Co. 5,000,000 1,000 In default. 1890 5 st. J. & J. See text. 1891 100 5 g. A. & 0. London 'A gency. 250,000 1891 924,000 6 1895 5 g . J. & J. N. Y., State Trust Co. 1,500.000 1887 $1,000 1,000 1888 .... ····50 ·04 30 44 ..... ·15 17 ..... ..... 321 361 361 .... ---· ·-·5 34 34 .... 121 121 196 196 77 66 66 ..... --·· ---- ------ iso i:ooo ..ioo 3 i:ooo New Oa s t] e & B eaver ValJey. -Owns from Homewood, Pa., to New Castle, Pa., 15 miles. Leased to Pitttsburg Fort Wayne & Chicago R ailroad for 99 years at a rent;al of 40 per cent of gross earnings, and lease assumed by Pennsylvarua Company. DIVIDENDS. { '~6 '87 '88 '89 '90 '91 '92 '93 94 '95 '96 since 1885 p. o. 5 6 6 10 10 11 3012 6 6 6 16 below In 1896. Jan., 112 p. o. EARNINGS.-Gross earnings in 1894, $182,119; net, $82,688; rental reoetverl, $72,8 18; leaving profit to lessee, $9,840. In 1893 gross, $163,705; net, $61,364.; loss to lessee, $4,118. (V. 58, p. 716.) N e w CaNt l e & Sh e nano-o Valley. - Owns from Newrastle, P a., to West Middlesex, Pa., 17 m'nes. Leased to N. Y. Pa. & Ohio till 1982 for rental of 32 p. o. of gross earns., but interest on bonds guaranteed N ew- Eno-lan d KK.-RoA.D.-Belongs to New York New Haven & Hart. System, but is operated independently, its road embracing: Lines Owned. Miles. , Leased,, r,r See separate statement.) Boston to Hopewell Juno, N.Y.215 *Norwich & Worcester RR.,r ... 66 Wioopee to Fishkill Landmg... 2 Rhode Island & Mass. RR... _.. 14 Providence to Willimantic..... 58 Rockville RR ................ _.. 5 Newton to Woonsocket, R. I. .. 29 Milford & Woonsocket, etc ..... 20 Ea.st Thompson to Southbridge 17 Providence & Springfl.eld RR. ,r 28 East Hartfort, Ct., to Springt'd 27 Woonsocket & Pasooag RR.... 9 Other lines ...................... 13 Mer. Waterbury & Conn R. ,r.. Ro - - Trackage .............................. 26 Total main track owned ... - .• 361 Total all lines operated .... . ........... ·- ·· ............................ 559 Double track .................................................. _•........ 115 Company controls, through lease of N. & W., the Norwich & New York Transportation Co.'s line of steamers, J 25 miles. HISTORY.-A reorganization of the New York & New England, (sold in foreclosure July 9, 1895,) as per plan given in V. 58, p. 762. Prop• erty turned over to new company Sept. 1, 1895. The old common stock paid an a ssessment or $20 per share. Controllin~ interest in the stock was acquired in 1895 by the New York New Haven & Hartford, which also bought $5,000,000 consols.-(V. 61, p. 517.) BONDS.-·The consolidated mortgage of 1895 is for $17,500,000 of ~ p. o. bonds. Mortgage trustAe is Manhattan Trust Co., N. Y. There are $10,000.000 bonds reserved to retire the old N. Y. & New England firsts, which, were left undisturbed. See V. 61, p. 967. GENERAL FINANCES.-After oompletin~the reorganization there were to be available for the old floating debt, betterments, etc., $4,135,000 of new 5s and $230,000 new p1·efe1·red. The assessments aggregated $4,954.000 in cash. On De,., 2, 1895, the overdue interest on the first mort1?age of 18,6 and also theooupons due Jan. 1, 1896, were paid. V. 61, p. 967. LATEST EARNINGS.-For 3 months en'ding September 30: 1895Gross. Net. Othtr Inc. Int.& taxes. Balance. September .. _.. $514,575 $140,673 $2,170 *$181,118 def. $38,275 July & August. 1,096,595 387,112 ...... 279,441 sur. 107,671 --- ---- · Total.. ....... $1,6H,170 $527,785 $2,170 $460,559 sur. $69,396 NOTE. -These charges include intArest on first mortgage bonds and Bo~ton Terminal 1st mortgage bonrlR of the N. Y. & N. E. RR., as wf'll as three months' interest on $a,OOO,OOO consolidated mortgage bonds of the New England RR. ANNUAL REPORT.-F'i,ioal year ends Dec. 31. Annual report of N. Y. & New England for 1894 was in V. 60, p. 429. Year ending Dec. 311894. 1893. 1892. Miles operated Dec. 315fi9 559 Total gross earrungs ............. _. $5,475,628 $6,019,208 $6:220,494 Net earnings .............. - ........ $1,563,219 $1,561,236 $1,808,347 Otherreoeipts...................... 4,171 5,351 5,354 Totalinoome .. _...... - ......... $1,567,390 $1,566,587 $1,813,701 Rentalspaid........................ $488,227 $492,751 $476,479 Insurance, etc................... . 29,858 30,34.8 27,709 Taxes............................... 268,091 251:i,477 254,403 OFFICERS.-President, Charles P. Clark, of New Haven; Vice-President,. William T. Ha.rt, of Boston; 8f'oretary, JamPs W. Perkins, of Boston; Treasurer, G. B. Phippen, of Boston. • -(V. 59, p. 70, 332, 738, 781, 920, 969. 1141; V. 60, p. 302, 392, 429, 481,712,749,795, 836,968,1010,1059,1105,1146; V.61,p.27,69, 367, 420, 472, 517, 611, 662, 871, 967.) New- .Tersey .Tunctlon. -Terminal road through Jersey City, Hoboken :!nd Weehawken, connecting the trunk lines terminating at those points; length about 5 miles. Leased for 100 years from June 30, 1886, to the ~ew York Central which 'Plarantees the bonds absolutely and owns $100,000 stock. The mortgage is for $4,000,000. N e w .Je.-9ey & Neff' York .- Owns from Erie Junction, N. J., to Garnerville, N.-Y., 29 miles: branches to New City. etc., 5 miles; operaws to Haverstraw, etc., 14 miles; total operated, 48 miles. Reorgan_tzed after foreclosure in April, 1880. Stock outstanding, $1,440,800 common; $788,000 preferred; par, $100. Balance sheet or June 30 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ----- ---·-· Augili 1937 8 See text. Sept., 1895 20 years. July 2, 1938 Jan. 1, 1923 Nov. 1, 1929 1921 June 1, 197 '7 Jan. 1, 1896 July 1, 1917 ---·---- 1: Jan:· .i905 1945 1945 Apr. 1, 1939 ········ 1; Feb:· ·i986 May 1, 1910 Jan. 1, 1986 1932 Jan:; ·iso6 July 1, 1910 Nov. 1, 1916 Jan., 1911 Jan. 1, 1940 Oct., 1931 1931 July 1, 1946 1895, in V. 61, p. 279. Control is with pre ferred stock and first mortgage till 6 per cent has been paid on preferred for three years. The general mort~o,ire bonds can be issued to redeem firsts, seconds and extension bonds and for rolling stock and double-tr ack. LATF.ST EARNINGS.-From July 1 to Sept. 30, 3 months: 3 months. o ,ross. Nel Int.,t ,xes,&c. Bal., sur. 1895 . . . ................. $105,125 $28,005 $13,523 $14,482 1894................... . 94,953 15,074 12,558 2,516 ANNUAL REPORT.-Earnings for years ending June 30: Gross. Net. Charges. Bal., sitrp. 1894-95 ......... .... $338,179 $61,622 $51,264 $10,358 12,281 1893·94........ . .. . 331,886 59,253 46,972 -V. 58, p. 8 0 ; V. 59, p. 6 5 0 ,781; V. 60, p. 259,836; V. 61, 1). 2 7 9, 871.) N e w Lo n don N o r the rn.-Owns from New London, Conn., to Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall RR., Brattleboro to South Londonderry, Vt., 37miles. LEASED for 99 years from Dec. 1, 1891, to Central Vermont. The rental is $211,000 per annum, which leaves a small surplus after providing for inter., etc., and·8 per cent dividends. Taxes and improvements met by lessee, without claim on New London Northern. DIVIDESDS.-From 1888 to Jan., 1892, inclusive, at rate of 7 per cent per annum: then 2 per cent quarterly to October, 1893, inclusive, and since to July, 1895 (inclusive). 214 per cent quarterly. EARNINGs.-For year ending- June 30, 1895, gross. $622,892; net, $210,440; other income, $49,790. Total jnonme to lessees, $260,230; reutal paid, $211,000. In 1893-94 gross, $647,531. (V. 60, p. 349, 930; V. 61, D, 472.1 New Orle ans & North Eas t ern . - NewOrleans, La., to Meridian , Miss., 196 miles, all 60 lb. steel rails. Stock is $5,000,000 (par, $100), of which $4,320,000 and $4,900,000 1st mortgage bonds are held by the Alabama New Or leans & Texas Pacific Junction Ry. Co., to which was due July 1, 1895, $1,313,694 on coupon Bccnunt and $740,768 on nther accounts. Prior liens in treasury J'.t.uiy 1, 1895, $52,000. On June 30, 1895, engine trust notes were $24, 19. EARNINGS.-From January 1 to Sept. 14, 1895 (812 months), gross, $860,206, against $738,152 in 1894. ANNUAL REPORT.-Report for 1894-95 was in V. 61, p. 515. Yr. end. June 30. Gross. Net. Other inc. Inte1·est. Balance. 1894-95 ........ $1,228,760 $240,222 $1,015 $379,200 def.$137,963 1893-94 ........ 1,293,070 228,982 362 373,941 def. 144,597 -(V. 58, p. 904, 1035; V. 59, p. 7 7 8 ; V. 61, p. 51 5.) New Or l ean8 & N o r t hwestern .- Owns from Natchez, Miss.' to Bastrop, La., 98 miles. Projected to Little Rook, Ark. Stoclr, paid in, $4,500,000; par $100. Bonds for $1,500,000 are hypothecated for loans. In August, 1891, receivers were appointed and $500.000 receivers' certificates were authorized for repairs, etc. Louis K. Hyde is now receiver. Road was completed in 1894 from Rayville to Collinston on the Mo. Pao. For year ;ending June 30, 1895, gross, $128,693; net, $46,707; other income, $13,929; ohar~es, $129,4.93; bal.. detloit, $68,857. For 1893-4 no report fl.led. In year 1892-93 gross, $64,145; net over taxes, $17,269. (V 57, p. 46 7 .) Ne w Or l ean 8 & So u t h er n.-New Orleans south along the Miss1ss1ppi River to Bohemia, with a branch, 66 miles in all. Successor to th e New Orleans & Gulf. sold in foreclosure March 5, 1891. Stock authorized, $200,000; outstanding in June, 1894, $128,200; par $100. RECEIVERSHIP.- In· July, 1895, George S. Taylor was appointed receiver, the company being declared insolvent-see V. 61, p. 69. EARNINGS.-10 months, { 1895, gross, $70,495; def. $9,862. Jan. 1 to Oct. 31. \ 1894, gross, 77,557; def. 4,733. For year 189-l gross $102,465, net, $2,075. In 1893 gross $136,513. net, $7,083. (V. 60, p. 1059; v. 61, p. 69.) New Orlean s & Western KK.-See Map.-Owns a belt railroad encircling the city of New Orleans and conneotmg with a.11 the rail roads enterinii that city. Entrance to business centre is had over the tracks of the Eal'<t Louisiana, Railroad. The line extends from Avondale, some 4 miles above the city, to Port Chalmette, about 112 miles below it, a total length or about 18 miles. At the latter J,oint the company owns a large terminal property, having a frontage of about four-tifths of a mile on the Mississippi River and containing about 2,300 acres, with 80 cotton warehouses capacity of 2!'>0,000 bales, a g-rain elevator having a oaraoity of hal a million bushels of grain, wharves and facilities tor handling cotton, grain and merchandise. The capitalization is $2,000,000 of first mortgage 5 per cent 50•year gold bonds (State Trust Co. nf Now York, trustee,) and $6,000,000 of common stock; nar, $100. $500,000 of·the bonds ar .. held in the treas ury for future improvement,s. The President is Mr. John H. O'Connor~ President of the ~tateNat'l Bank of New Orleans. Prominent local anu Eastern.capitalists are identified with the enterprise.-(V. 61, p. 1107.) N ew Y ork B rookJ y n & lU a nhattan B each.- Owns from Fresh Pond Junction to Manhattan Beach (Coney Island), and branches to Bay Rid~e ann Greenpoil!.t, 20 miles, of which 16 miles double track. Greenpoint branch is not operated. = Tl1rougl1 Co1111ections TERMINAL PROPERTY OF TH E OF '!'HE New Orreans & . l~, ,, '\.'c ...... ~............~l'I'-"·::., !\.,, New Orleans & Western R. R.. \ I.... '1,~ ''r: ':~ < '-' ' ~)\ ~ -;--i,'·:~-- 7.i A z0 ~ A z~ J E F FERso/\/ Q r:n ~ 0 0 E-4 ~ !.!:.!;JN2.!.§_ Y. &: M. 'fl ~ CENTRAL V. R, A ~ IJJ 0 ~ "' ~ H ~ ~ Q, ~ ~ ...-4 ~ ~ z ~ . ~ ~ ~-s~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TEX HERN s PACIFIC f'ACJFJC ~ ~ R. R. l ,I?, ;;:;:: R. SHOWING . \ TERMINAL PROPERTY o~ AND CONNECTIONS. ~ ~ ' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis VANDERBILT LINES between NEW YORK and CHICAGO. ~ ~ § 00 r-3 C ~ aa 00 q ~ ~ &; ~ t_:rj ...,z NEW YORK CENTRAL & HUDSON RIVER ·R. R. LAKE SHORE & MICHIGAN SOUTHERN R'Y NEW YORK, CHICAGO & ST LOUIS R. R. MICHIGAN CENTRAL RAILROAD. I ~ 0 C"' ~ 1---( ~ RAILROAD STOCKS AND .BONDS. JANUARY, H:5\J6.J D3 Sub11crlbers will confer a great f'avor by giving Immediate notice of any error discovered In these Table11. I RAILROADS. For explanation of column headings, &c., see notes on tirst page of tables. INTEREST OR DIVIDENDS. Bonds-Prtno · Miles Date Size, or Amount pal, When Due. of of Par Outstanding Rate r,er When Where Payable, and by Stocks-Last Road. Bonds Value. Cen . Payable Whom. Dividend. -- - - - & Manhat Beach-Common stock... .... 100 Preferred stock, non-cumulati ,e.... _............. ·20 100 N. Y. & Manhattan Beach 1st mortgage..... _.o* 14 500 &o. 20 1885 N. Y. B. & M. B. 1st con. M., gold, guar. by L. I.c* 1,000 New York ti Oanada-lstM.ster.,guar.D.& H.Can.c· 150 1874 £100&1) New York Oentral & Hudson River-Stock .......••. 100 1,000 iffo N. Y. C. & H., ~ $30,000,000 ~ coupon or reg 1st mort . _.. £2,000,000 · 819 1873 1,000 Debt certif's (N. Y. Central), gold, ext.in '93 .. c&r .... 1853 500 &o. Debentures, 1884, mort. priv., non-convert ... o&r . ... 1884 1,000&c Debentures, 1889, conv., mort. privilege . . .. . . . . r .... 1889 1,000&c Debentures, $15,000,000, gold, s. f. not dr'n.c&r 1890 1,000&0 N. Y. Ohicago & St.Louis-Common stock ......•...•. 523 100 2d vreferred (5 per cent, non-cumulative) .••...•. 523 100 -... 1st preferred (5 per cent non-cumulative) ........ 523 100 1st mortgage gold, sinking fund not drawn . . c*&r 505 1,000 40 1892 N. Y. ti Greenwood Lake-Prior lien M.,1500,000 .. 1,000 Inc.lst&2dM.; lstM.red.at105; 2dM. 1,800,000 40 1878 100 &c. N. Y. ti Harlem-Common, 8 p. c., guar. by N. Y. C. 145 50 Pref. stock, 8 per cent, guar. by N. Y. Central ... 145 50 Consolidated mortg~e, coupon or registered . . o* 136 1,000&c N. Y. Lackawanna it estern-Stock, guar. 5 p. ct. 214 100 1st mortgage, guar. by Delaware Lack. & West.c• 200 1,000 2d mortgage, guar. by Delaware Lack. & West.o* 200 1883 1,000 3d M. Terminal Imp. (for $5,000,000), gu. p. & i .. 200 1890 1,000 New York Lake Erie & West'n-Boud11 RETIRED IN Rl!.OR GANIZ ATION. 1st lien mort., gold, sinkin! fund (not drawn) .. c* 534 1878 1,000 Receivers' certificates, aut ., $!,000,000, gold . . . 1895 2d eonsol. mortgage bonds, gold ... _.... _..... . . c• 1878 500·&0. 2d consol. funded coupon bonds, gold ..•. . __ . .. c* 1878 500 &e. Collat. trust bonds, s. f. drawn at 110, gold .. .. c* .... 1882 1,000 N.Y.L.E.& W. fund.coup.bonds, g.,(red.at 105).c* .... 1885 1,000 lnoome bonds (non-cumulative) .. _.. _. . ......... ...... 1878 300 &c. N. Y. Brooklyn i877 1 isfa --·· iss, ---· i872 isso l:::·1 LEASE, ETc.-A consolidation August 27, 1885. Leased for 99 years from May 1, 1882, to the Long Island RR. Co. at 35 per cont of gross earnings, rental guaranteed to be at least 5 per cent on pref. stock. BONDS.-Consolidated mortgage of 1885 is for $2,000,000, of which $500,000 reserved to retire first mortgage at maturity; trustee is Central T1 ust Company. The L. I. RR. has attached to the bonds its unconditional guaranty of principal and interest in addition to the mem-0randum as to the lease previously printed upon them. V. 56, p. 812. INco11rn.-In year ending June 30, 1894, rental was $113,192, against ~111,650 for 1892-93 and $110,850 in 1891-92. (V. 58, p. 1035.) New York&: Cauada.-Owns from Whitehall, N. Y., to Rouse's Point, N. Y., 113 miles; branches to Baldwin, Ausable an.d Province Line, 38 miles; total operated, 151 miles. LEASE, ETc.-Leased in perpetuity and virtually owned by the Delaware & H. Canal Co., which guarantees the bondfl, and has $4,697,960 invested in it. The stock is $4,000,000; par, $100. EARNINGS-For 3 months ending Sept. 30, 1895, surplus over charges was $26,108, against detlcit of $8,551 in 1894. <l'ross. Net. Charges. Bal., de.f. Years to p894· 5 . . .. ...... $847',7~7 $2~5.~85 $309,94! $83,956 June 30 .) 1893-4.. ....... . 8~o,3~7 1.>4,604 309,870 155,271 t 1892-3 .. .. . ... .. 938,934 188,270 312,728 124,458 -(V. 59, p. 291,421,879; V. 60, p. 302,836; V. 61, p. 32 ·l , 831.) · New York <'eutral &: Hndsou Klver.- (SeeMap.J-The system, clearly shown on the a ccompanvin map, is made up as follows: Lines owned. .Miles. Mohawk & Malone ..••...... ,r 173 New York to Buffalo. .. ...... 442 Carthage & Adirondack.... ,r 43 Branchos N. Y. Central Div .. 377 Gouverneur & Oswegatchie,r 13 Lines leased. ,r See this co. New York & Putnam ....... ,r 54 West Shore ... . .. . ...•....... 425 Other branches leased. ·----· 202 Troy & Greenbus h ...... . .. f. 6 Spuyten Duyvil & Pt. M •.. ,r 6 Tatal in earns. June, '95 ... 2,392 New York & Harlem . ... . _.. ,r 127 Ope1-'d, earns. kept separate. New Jersey Junction ....... ,r 5 Dunkirk A. V. & P ........... ,r 91 Rome Watertown & Og. . ... ,r 519 Beech Crt•ek ................ ,r 149 The N. Y. Central Division has 287 ruiles laid with four tracks. HISTORY; &c.-This company was formed by a oonsolidation of the New York Central and the Hudson River railroads November 1, 1869, 'The leased lines have been acquired at various dates since. CAJ>ITAL 8ToCK...-8tockholders voted April 19, 1893, to increaee the capital stock from $89,428,300 to $100,000,000. See V. 56, p. 463, 501. In May, 1895, $4,571,700 of this stock was listed on the Ex-change, making tot~l listed $100,000.000; V. 60, p. 874. Dividends -0n stock registered in London are payable in gold at 49~d. to dollar. .Since ( DIVIDENDS- 5 '85. '86-89. '90. '91. '92. '93. '94. '95. '96. 1884. 5 Per C\ent. i 312 4 yrly. 412 412 514 5 5 414 below In 1896, Jan., 1 p. c From 1869 to 1884, both inclusive, 8 p . c. per annum was paid. BoNos.-See description or debentures on page 3 of SUPPLEMENT of April, 1895. Of the $11,000,000 5 pe1· cent debentiires due 1904, the $1,000,UOO regtstered bonds dated in 1889 have a 11tock conv.e rsion privilege, which debentures of 1884 have not. (V. 60, p . 523,) This ,convers ion privilege carries t tie right to receive stock at par, instead of -cas h, for the bonds at m a turity, i n case the company r eplaces its first mortg age bond due 1903 by an issue of stock. The $15,000,000 debentu1·e 4 pe1· cents of 1890 are to be included in any new mortg-age, and II.ave a sinking fund of $300,000 yearly-no -drawings. Sinking fund cancellatlons have reduced them from $15,-000,000 to amount in table. The debt certificates due May 1, 1893, were extended for twelve years at 4 per cent, interest and principal payable in gold. GUARANTIES.-The compaTiy guarantees the securities of its leased lines to a considerable a.g,n'ega te-see separate statement for each company marked with a ,r in the table of mileag e preceding. It also guarantees Western Transit Co. 412s for $1,000.000 duf\ Febrnary, 1903. GENERAL FINANCES.-A new rour-track bridge over the Harlem River ls being constructed 24 feet higher than the present bridge at an outlay of between $3,000,000 and $4,000,000 (the clty sharing the cost). See V. 54, p. 560. Del)entures of 1890 for $3,500,000 and $!,571,700 of ~tock were sold in 1~94-9fi for Park Ave. and other improvements. The last of the $4,837,587 sterllng notes i ssued pending the issue of additional stock were paid off in November, 18~4. LATlilST EARNINGS.-For six months to Dec. 31 (Dec., 1895, est.): ,r 1 I 6mos. Gro.<;s. Net. I n te1·est, etc. D -ivid ends. Balance. 1895 .. $23,987,500 $7,823,500 $5,281 ,000 (2)$2,000,000 $542,500 1894 . . 22,159,050 7 ,665,334 5 ,257,615 (212)2,3 85,708 22,011 ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894 was given at length in V. 61, p. 553, 566. See also editori al p. 535. Yem· end. J u ne 30. 1895. 1894. 1893. Miles .operated June 30.... 2,392 2,396 2,096 Freight . . .. ........ . ......• . $24,268,710 $24,104,509 $27,372,071 Passengers. .. . ............. 12,965,112 14,151,280 14,047,572 Miscellaneous .....•••.. _.. 5,255,715 5,422,412 5,517,050 Oper. exp., includ. taxes... 28,810,443 Total gross earnings . .. $42,489,537 $43,678,201 29,508,406 $46,936,693 32,291,877 Net earnings ..•.. _•...•...•. $13,679,094 $14,169,795 $14,644,816 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $350,000 650,000 500,000 1,191,000 4,000,000 100,000,000 30,000,000 9,733,333 6,450,000 10,000,000 1,000,000 13,419,000 14,000,000 11,000,000 5.000,000 19,425,000 328,000 2,700,000 8,646,050 1,353,950 12,000,000 10,000,000 12,000,000 5,000,000 5,000,000 2,500,000 2,500,000 25,000,000 8,597,400 3,344,000 4,031,400 508,008 5 per.an. 7 5 g. 6 g. See text. 7 6 g. 4 g. 5 5 4 ~- A."·&··o . J. & J. A. & 0. M.&N. Q.-J. J. & J. J. & J. M.&N. M.& 8 . M.& 8. J. & D. ---·-· ---- - ...... See text. 4 g. 5 6 See text. See text. 7 5 per an. 6 5 4- ..... A."·&--0. ..... M.&N. See text See t ext M.& N. Q.-J. J. & J . F. & A. M.&N. . ......... N. Y., L. I. RR. Co. N. Y., C~:rbinBank'gCo. do do London, Barinf Bros. N. Y., Gr. Oent' Depot. N. Y., Gr. Cent. Station. London, Uoion B ank. N. Y., Gr. Cent. Station. do do do do do do ocr;·is95 Jan. 1, 1897 Oct. 1, 1935 May 1, 1904. Jan.15,1896 Jan. 1, 1903 Jan. l, 1903 May 1, 1905 Sept. 1, 1904 Sept. 1, 1904 June 1, 1905 N. Y., Gr. Cent. Station. N. Y., Union Trust Co. New York. None paid. N. Y., Gr. Cent. Station. ,o do do do N. Y., by Del. Lack.&W. do do do do do do Mcii: l,--i8P6 Oct. 1, l9;i7 1942 Nov. 30, 190R Jan. 1, 1896 Jan. 1, 1896 May 1, 1900 Jan., 1896 Jan. 1, 1921 Aug. 1, 1923 May 1, 1923 .. ---- -... ......... 6 g. M.&N. May,'93,coup. lastpaid. Dec. 4, 1895 A. & 0. New York. Apr. 1, 1898 ...6.g. J. & D. June, '9:i, coup. las t pd. 6 g. J. & D. June, ' 93, coup. last pd. 6 g . M.&N. N. Y., 21 Cortlandt St. 5 g . J. & D. Dec., '94 , coup. last pd. 6 . ..... Pa.id 6 p.u. Jau. lfi. l~!l3 Payments. 1895. Rentals paid .•... _...... $5,888,451 Cnterest on debt........ 4,169,245 raxes on earn.& st'k,net 198,983 Reserved for deb'tures. 300,000 Dividends ..•...... _... . (412) 4,339,991 1894. $5,745,936 4,214,716 106,657 300,000 (5)4,588,826 Dec. Dec. Nov. Dec. Jnne l, 1, 1, 1, 1, 1969 1969 1922 1969 1977 1893. $5,391,137 4,179,595 214,898 300,000 (5) 4,471,415 ---- ~11,lancefromoperat'n .. def.$1,217,576 def. $786,340 sur. $87,771 -(V. 58, p. 474, 1073, 1090: V. 59, p. 533, 560, 5 51 , 5,!i3, 780, 1141; V.60,p.219,481,523,562,749,836,874,929,1129,114 6; V.61,p. 11, 535, 553, 559,566,794, 92ti, 108 6, 1107.) New York Chicago &: St. Louls.-(See Mapo.f New Y01·k Oen- tral & Hudson Rwer.)-Owns from Bu1falo, N. Y., to Illinois State Line except 8 miles leased between Dunkirk and Silver Creek, leaving 494 miles; leases the proprietary line, Chica go & State Line RR., Ill., State Lineto Grand Crossing, 10 ·11i1As: also Jeas ... s Dunkirk to Silver Creek, 8 miles; trackage in Buffalo, N. Y., 112 miles, and Grand Crossing to Chicago, Ill. (Lake Shore RR. l. 9 miles: total. 523 miles. HcSTORY.-Known as ~he "Nickel Plate." Sold in foreclosure May 19, 1887, and present company formed in September, 1887. 8TOCK.-Lake Shore & Michigan Southern owns $6 240,000 common $6,275,000 2d preferred and $2,503,000 1st preferred stock. DIVIDENDS.-On { 1891. 1892. 18 94. 1896. 1st pref ... . ..... . . 5 312 p. c. 3 4 March, 5 p.c. BoNos.-A sinking fund of $100,000 per year is provided when net earnings are $900,000 or a.pwards, if bonds can be bought at or below 102; if not, the sinking fund lapses for that year, thue leaving $100,000 more for dividends. The original issue of bonds was $20,000,000, and It has been reduced to present amount by the sinking fund purchases. Statement of road under mortga~e in SUPPLEMENT of Sept., 1894. 8ee abstract of mortgage (Central 'Irust Company of New York trustee), v. 45, p. 541. There are 5 per cent gold equipment trusts f,,r $480,000, [issued in 1892, $60,000 being payable Sept, 1 yearly till 1902. LATEST EARNINGS.- From Jan. 1 to Sept. 30, 9 months: 9 mos. G1·oss. N et. Other inc. Ohar,qes. Balance. 1895 .. . ... ... . . . $4,496,964 $926,446 $5,108 $859,642 sur.$71,912 1894.. . .. . . . . . . . 3,968,676 704,424 5,381 851,500 def.141,695 ANNUAL REPORT.-Report for year 1894 was in V. 60, p. 792. The road is usf'd principally as a freight line, the earning s from freight m 1894 amounting to $4,792,297 out of the total $5,629,239. Year end. Dec. 311894. 1893. 1892. 1891. Miles operated. . ..... 512 512 51~ 512 u-ross earnings .....•. $5,629,239 $6,787,748 $6,467,165 $6,171,088 Oper. expen. & taxes. 4,671,978 5,479,238 5,375,162 5,056,082 Netearnings...... $957,261 $1,308,510 $1,092,003 $1,115,006 Net, inc. other income $964,251 $1,314,829 $1,102,209 $1.128,57 4 Interest on bonds.... $777,000 $780,000 $781,059 $780,422 Equip. trust charges . 86,000 89,000 30,000 Rentals .. _..... _...... . 91,924 92,227 91,320 ·90:5rfi Sinking fund.. . ....... 99,460 48,794 99,940 Div. on 1st pref ...... _ _ _ _ (4) 200,000 (3) 150,000 (3) 150,000 Balance, surplus . $9,327 $54,142 $1,036 $7,667 (V. 59, p. 291,651,835,836; V. 60, p. 131,302, '792,795; V. 61, p. 240, 871.) New York &: Harlem.-Owns from New York City to Chatham, N. Y., 127 miles. From Chatham to Albany, 24 miles, the Boston & Albany Railroad is used. Also owns the Fourth A venue street railroad. LEASE.-The property (except the horse railroad) was leased April 1 1873, for 401 years to the N. Y. Cent. & Hudson Ri ver RR. at 8 per cent dividends on the stock and the interest on the bonds. DIVIDENDS.- The 8 per cent per annum guaranteed is paid semi-annually, Jan. 1 and July 1. In addition both stocks have received dividends out o1 the earnings of the Fourth A venue horse r ailroad, annually in April, a11 follows: Fr!)m 1882 to 188~. inclusive, ~ per cent yearly; 1890to 1893, 212 p. c.t; m 1894, 3 p. c .; m 1895, April, 3 per cent. EARNINGS.- ln year 1893-94 horse railroad showed $86,2P6 surplue over 3 per cent dividends. Railroad operations included in New York Central. (V. 55, p. 3'72; V. 57, p . 467; V. 59, p. 3'71.) New York Laeka,vanna &: Western.-Binghamton to Buffalo and International Bridge and branches, 214 miles, of which the main line, 213 miles, is double track; Delaware L. & W. h as a lease for duration of charter from October, 1882, giving a guaranty of the bonds and 5 per cent yearly on the stock, the guaranty b eing endorsed on the bonds and stock certificates. New Vork l ,ake Erle & Westeru.-REORGANIZATION.-Fore· closure sale under the second consolida ted wor t. took place N~v .. 6,1895, and on Dec. 1, 189"5, "the property was turned over to the En e RR. Co· - whii-h see- organized per pla n in V. 61, p. 366, 368. C. H. Coster, Louis Fitzger ald and Anthony J. Thom as are a committee for the reor• g anization. Practically all of bot h cl asses of old stock were deposited uncler the pla n. flECURITIES DcsTCRBED.-Holders rece ive secnr itie and ca sh a follows per $1,000 bond and $100 share of s tock: INVESTORS' SUPPLEMENT 94 fVoi.. LXII. Subscribers -w-111 confer a great favor ·by giving Immediate notice oC any error discovered In thel!le Table•. Bonds-PrincJINTEREST OR DIVIDENDS. 'RAILROADS. Miles Date Size, or pal,When Due. Amount Rate per When Where Payable, and of Par Outstanding For explanation of column headings, &c., see notes of by Stocks-Last Road. Bonds Value. Cent. Payable Whom. on first page of tables. Dividend. lfew York New Haven ct Hartford-Stock. See text. 1st mortgage (for $5,000,000) .................... r ii:i Debentures, excha~eable for stock 1903 ...... c* N.Y. Prov. & B. lat ., Prov. to Ston.(assumed).c* ·50 12 lat M. (Stonington to New London) assumed.c,* 62 Gen'l mort. for $4,000,000, gold, assumed .. c&r BONDS OF PROPRIETARY, ETC., LINES: 51 Bos. &N.Y.AirL. lstM.,N. H.toWilliman.,Ct.c* 3¼ Colchester RR. lat M ....................... - ...... 36 Danbury & Norwalk con. M. ($100,000 are 6s).c* Genl. M.,Danbury,Conn.,to Wilson Point,&c.c* 36 12 Harlem River & Portchester lat mort. guar .. c&r 12 2dmo~age.guar. (See V. 56, p. 813) ...... c&r 74 Housato c old consolidated mort~ge ........... Danbury Branch bonds, EUbject call ......... New consol. morte:age (for $3,000,000) gold .. c* Naugatuck lstM., Nau a. June. to Winsted, Ct.r 55 13 New Haven & Derby 2 mort. (now lat) ........ c* 13 Consol. mort for $800,000 ..................... c* Funded coupon certtil.cates ...................... N. Hav.&North. lstM.,N. H.to ConwayJ.,Mass.c* ·92 Consol. sink. fd. $15,000 xer year, not drawn.c* 114 27 Northern Extension bon s .................... c* Bonds (not mortaage) convertible into stock.. c* Holy & W., lease , 1st & 2dM., ($200,000 gu.)c.. 17 Old Colon.v-See that company. PawtuxetV. 2d M. (1st M. owned byN.Y.N.H.&H 512 51 Providence & Worcester 1st mortgage. ·.......••. Nantasket Beach, 1st mortgage .................. Shore Line lat M., N. Haven toN. London, Ct .... ·49 l(, Y. Ont.<t W.-€.Jon.M.,nowl§.t,g.,red.at 105 in '99 .c· Text. Refunding mortgage for $20,000,000, gold ... c*&r Text. ·so 8 --- $100 $47,500,000 See text. 2,000,000 is~i"3 1,000& 4 1893 lOO&c, 16,437,500 4 1,000,000 1869 1,000 7 300,000 1881 1,000 4 1,000 1,000,000 1892 4 g. 1880 1,000 1877 1880 1,000 1883 100 1,000 1873 1881 1,000 1880 500 &c. 1882 1887 1883 l,OOO&c 1870 500 &c. 1,000 1888 1,000 1888 1869 1,000 1,000 1879 1,000 1881 1,000 1886 1,000 1870 500,000 25,000 500,000 150,000 2,000,000 1,000,000 100,000 61,000 2,839,000 150,000 225,000 575,000 480,000 1,300,000 1,200.000 700,000 700,000 260,000 5 7 5 &6' 5 6&7 4 4 5 5 g. 1880 1877 1880 1880 l,OOO&c 1889 $or£ 1892 1,000&c 60,000 1,500,000 250,000 200,000 5,600,000 8,125,000 6 6 212 4¼ 5 g. 4 g. ·----· i:c,oo i:ooo Holdc1·s of Securities Dist,,rbedGeneral 1st pf. 2d pf. Oom. NewYorkLakeErie&West.Cash. henbds. stoc1c. stock. stoclc, Reorganization 1st lien bonds. $1,000 . . . . . . .. ...... ... ... . .•••• 2d consol. mortgage bonds..... . . . . . . $750 $550 . . . . . . . .... . 2d consol. funded coup. bonds. 750 550 ..... _ ..... . Collateral trust bonds.......... i·,i'oo ...... .. . ... __ ...... . .... . Funded coupon bonds of 1885. . . . . . . 1,000 100 100 . . _.. . Income bonds................ . .. . ..... 400 600 . ..... . ....,. Preferred stock, ass't paid..... . . . . . . . . . . . . . . . . . . . . 100 ..... . Common stock, do. . . . . . . . . . . . . . . . . . •. . . . . . . . . . . . . 100 New York .Neur Haven & HartCord,-0wns from Woodlawn, N. Y., to Springfield, Mass., 122 miles; branches to New Britain, Middletown, New Canaan, etc.., 75 miles; N. Y. Providence & Boston Division, New London to Providence, 62 miles, and branches, 23 miles; total owned, 282 miles, of which 22 mile~ has four tracks; leases, and for the most part practicallr. owns, lines running to Winsted, Conn., Turne,'s Falls, Mass., Willimantic, Conn., etc., 501 miles; also leases Providence & Worcester, 48 miles; has trackage into New York, 12 miles, and other trackage, 5 miles; Old Colony (which see) 603 miles (since July 1, 1893); total July 1, 1895, 1451 miles; also controls [oper· at~d separately] New Englan,t RR., 559 miles. HISTORY.-A consolidation in 1872 of the New York & New Haven and the New Haven & Hartford. In years 1892 and 1893 acquired control of several companies whose bonds are given in table above. See SUPPLEMENT ot Sept., 1894. See also Old Colony. In October, 1895, it was announced that a controlling interest in the stock and $5,000,000 consols of the New England Railroad had been acquired, but that its road would be operated independently, not leased or absorbed by consolidation. See V. 61, p. 609. The New Eng• land owns extensive terminals in Boston. V. 61, p. 517. Control of the Stamford S~eet Ry. wa11 acquired in 1895. also the entire stock ot the Fall River SE!. line and 18,233 out of 25,000 shares o• the Providence & Stonington Line. In October, 1895, control was acquired of the Meriden Electric Ry. V. 61, p. 704, 794. CAPITAL STOCK.-Stock authorized, $100,000,1000. It may be issued for improvements, buying stocks and bonas of leased roadR, &c.; $16,437,500 will be needed to take up the convertible debentures in 1903. (V. 56, p. 289, 373, 579.) On Oct. 1, 1895, additional stock for $9,500,000 was issued, being offered to stockholders at par. Proceeds of this stock and of $3,287,500 additional debentures, t12,750,000 cash in all, are to be nsed to complete improvements, four•tracking, etc. See V. 60, p. 1105: V. 61, p 559. Stock outstanding is given as reported by N, Y. Stock Exchange January 20, 1896. DIVIDENDS.- ( 1873·1893. 1894. 1895. Per cent. \ 10 yearly. 9 10• 4 7 5 6 7 6 5 5 il& 6 -Q.-M. -J. & A., & J. & A. & A. & New Haven, Co.'s Office. D. N. Y., Chem'al Nat. Rk. O. N. Y., Lincoln Nat. Bk. J. N. Y., Central Trust Co. O. do do O. do do F. & A. J. & J. J. & J. A. & 0. A. & 0. J. & D. A. & 0. A. & 0. M.&N. J. & D. F. &A. M.&N. F. & A. J. & J. A. & 0. A. & 0. J. & J. A. & 0. Dec. 31, 1895June 1, 1908 See text. Jan. 1, 1899 Apr. 1, 1901 Apr. 1, 1942 N.Y.,LincolnNat. Bank Aug. 1, 1905July 1, 1907 New Haven ,Conn. July 1, 1920 do do Apr. 1, 1925 N. Y., Chem'al Nat. Bk. Oct. 1, 1903 do do June 1, 1911 New Haven, Conn. Apr. 1, 1910 do do Oct. 1, 1912 N. Y., Farm. L. & Tr. Co. Nov. 1, 1937 New Haven, ct., TFeas. June 1, 1913 New Haven, Conn. Feb. 1, 1900 do do May 1, 1919 do do Feb. 1, 1900 N.Hav.,N. Tradesm'sBk Jan. 1, 1899 do do Apr. 1, 1909 do do Apr. 1, 1911 do do July 1, 1896 do do Apr.•98&1911 A. & 0. Apr. 1, 1900A. & O. Prov.,R. I. HoRp. & T.Co Oct. 1, 1897 1900 19101939 1992 A. & O. Oct. 1, M. & 8. N. H., Nat. N. H. Bank. Moh. 1, J. & D. N. Y. Office & London. June 1, M. & S. N. Y. Offl.M, 56 Beaver. June 1, 1 ANNUAL RKPORT.-Fiscal year ends June 30. Annual meeting is. held third Wednesday in October. Report for 1894-95 was in V. 61, p. 466, 609. Figures for 1893-94 and 1894-95 include Old Colony. Yr. end. June 30. 1895. 1894. 1893. 1892 Miles operated.. 1,447 1,447 848 508 Gross earnings .. $27,608,009 $25,281,876 $17,923,068 $11,913,701 Net earnings ..... $8,543,981 $7,349,167 $5,517,134 $3,640,69<> Other income.... 528,552 404,489 400,418 189,238 Tot. net income $9,072,533 Interest on debt. $202,000 Rentals, etc...... 3,926,940 Taxes ............ 1,464,605 Dividends....... 3,794.,290 $7,753,656 $202,000 3,768,518 1,409,460 3,631,293 $5,917,552 $116,333 1,957,363 8!5.858 2,945,535 $3,829,928 $80,00<> 981,685 605,962 2,103,750 Balance, surplus.def.$315,302dt.$1.257,615 $52,463 $58,531 -<V.60,p.302,523,606,836,930,968,1010,1059,1105;V.61,p.113, 240,466,472, 517,559,609,611,662,704,794,831, 1155.) New York & Northern.-SEE NEW YORK & PUTNAM. New York Ontario & Western.-(See Map.J-Operates from Weehawken, opposite N.Y. City, to Oswego, on Lake Ontario, including: Road Owned,Miles. Road Oontrolted, etc. Miles. Oswego to nornwall, N.Y...... 272 Ontario Carb, & S. (all owned.) Branch to New Berlin ..••..•.. 22 Hancock.N.Y.,toScranton,Pa. 54 do to Delhi................ 17 Rome & Clinton (leased) ...... ,r13 do to Ellenville.......... 8 Utica Clinton & Bing. (leased). ,T31 Wllarton Valley (leased)....... 7 Total owned .................. 3191 -Trackage (till 2079) W. Shore RR.: Total operated July 1,1895 . .477 C'nwalltoW'h'ken(V.61,p.425) 53 ,r See this company. ORGANIZATION.-'.rhe New York & Oswe/lO Midland was sold in foreclosure Nov. 14, 187~. and th1s company org-anized. The N. Y. & Ontario Land Co. was formed in 1889 in its interest and acquired ftbout 855 acreR of coal land on which $574,000 bonds were issued. See V. 50, p. 105, and MISCELLANEOUS COMPANIES. STOCK.-Stock is $58,119,982, (par, $100), of which $6,000 is old pref • VOTING TRUST.-The preferred was originally $2,000,000, but all ex cept $6,000 has been exchanged for bouds under act of June 8, 1885 The exchanged preferred stock is held alive under a voting trust and elects ei~ht of the thirteen directors unuer a provision of the "Articles of Assomation," until a dividend shall have been earne1 and paid upon the common stock. The voting trustee" Alect directora in the interest of the common stock. See V. 61, p. 425, 426. BONDS, ETc.-The mortgages cover 319 miles or road owned, and all securities of Ont. Carb. & Beran. Ry., 54 miles. are owned and pledged under the mort. For consolidated mortgage of 1889 see abstract V. 49, p. 238. The refunding mortgage secures $20,000,000 of 4 p. cts., of which $5,500,000 to retire $4,000,000 sixes (paid Sept. 1, '92), $7,000,000 to retire $5,600,000 consol. 5s, balance for improvements, &c. The mort. cove.rs all the company's property, real and pArsonal, acquired and to be acquired; mortgage trustee is The Mercantila Trust Co. The 5 per cent bonds are redeemable in and after 1899 at 105 and accrued interest. See V. 54, p. 444, 683, 721, 954. There are $75,000 Wharton Val. guar. 5s, due 1918. CAR TRUSTs.-On Sept-. 30. 1895, there were car trusts for $152,935 (including interest) maturing monthly to April, 1898; also 5 p. c. car truRt notes to N. Y. Guaranty & I. Co. for $1~7,500. payable quarterly to February, 18B9. In May, 1895, $500,000 refunding 4s were sold;. part of these bonds had been deposited as collateral for equipment purchased about eighteen months before. 1V. 60, p. 836.) On Sept. 30, 1895, loans and bills payable were $220,000, against $421,500 o,n Sept. 30, 1894. EARNINGS.-5 months, S 1895 ...... gross, $1,749,016; net, $582,471 July 1 to Nov. 30. , 1894 ...... gross, 1,727,319; net, 561,443 For 3 months ending Sept. 30, 1895, surplus over charges was $169,505, against $168,716 in 1894. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting In.st Wednesday in September. Report for 1894-95 was given at length in V. 61, p. 419, 424; see also editorial, p. 396. Coal traffic in 1894-95was 1,715,991 tons, against 1,642,063 tons in 1893·94, 1.352,225 tons in 1892-93, 1,120,416 in 1891-92, and 811,485 in 1890-91. Year ending June 30. 1895. 1894. 1893. Gross earnings ................ $3,669,113 $3,842,119 $3,688,174, Operat'g expenses and taxes. 2,642,412 2,732,540 2,798,226: Per cent oper. exp. to earns.. (72·02) (68·40) 173·15) * Dividends paid in calendar year 1895 include, Jan., 2 p. c.; April, 2 p. c.; Julyh2 p. c.; Sept., 2 p. c.; Dec., 2 p. c. Dividends are now paid the last oft e quarter instead of the first of the next. BoNDs.-The conve1·tible debentures or 1893 for $15,000,000 are ex· changeable at option of holder "on April 1, 1903, or within 60 days thereafter,1 and no longer," for company's stock at par. If not then exchangea they will mature and be paid in cash April 1, 1908. See V. 55, p. 1035. In June, 1895, $3,287,500 additional debentures (dated Oct. 1) were sold at par. See also under "Stock" above. Amount or debentures listed on N. Y. Stock Exchange to Jan., 1896, $16,437,500. See description on page 4 SUPPLEMENT of April, 1895. Under the lease New Haven road" assumed" the debt of Old Oolon1J road. There are '' deferred liabilities,'' $250,000 being rolling-stock certificates and certitwates of indebtedness of the Housatonic RR., due 1896 and 1899. Loans and bills payable on Sept. 30, 1895. were $5,000,000, against $4,650,000 on June 30, 1895, and $1,350,000 on Sept. 30, 1894:. LEASED LINE STOCKS.-The stocks of the leased lines unexchanged on June 30, 1894, and the dividends payable thereon are shown below, the shares being all $100 each excepting Danbury & Norwalk, which are $50 each. The leases are for 99 years. UnexDivid' d D'i,vid' d StoclcsTotal issue. changed, per an. period. Berkshire....................... $600,000 $599,000 6 p. c. Q.-J. B. & N. Y. Air Line pref ....... 2,998,500 1,426,000 4 p. c. A. & O. do do common.. 864,231 86!,231 Pays no divid'd. Danbury & Norwalk ........... 600,000 153,600 5 p. c. J. & J. Housatonic pref................ 2,875,800 325,400 1 p. c. July. Naugatuck ..................... 2,000,000 1,044,000 10 p. c. J. & J. N. H. & Derby.................. 447,000 97,300 4 J. & J. N. H. & Northampton (2) ...... 2,460,000 56,500 3·4 A. & 0. Old Colony .................... 15,089,100 9,57l,100 7 Q.-J. Pawtuxet Valley (par, $ (1)).. 100,900 100,900 7 p. c. J. & J. Shore Line (3) .................. 1,000,000 $1,109,579 193,200 Balance, net earnings .... $1,026,701 $889,948714 J. & J. Stockbridge & Pittsfl.ekl.. ..... 448,700 $1,184,669 447,200 $965,008 6 Q.-J. Tot. net income.incl. "other." $1,101,791 569,042 528.349' Interest on mortgage bonds.. 589,000 (2) After April, 1896, pays 4 per cent. (3) Generally 314 per CAnt in Miscell. interest and diRcount Cr.633 13,876 5,274 January and 4 in July. 182,186 180,439' Rentals paid.................. 181,133 LATEST EAli~INGS.-From July 1 to Sept. 30, 3 months. 3 mos.Gross. Net. 0th. inc. Int. ti: taa;e..<1. Bal. sur. Balance, surplus.............. $326,384 ~19,565 $256,853 1895 ...... . . $14,322,256 $3,298,303 $63,545 $1,573,334 $1,788,514 -(V. 59, p. 423,532,551, 560, 879; V. 60, p. 131, 302, 836, 874; V. 1894 ........ 7 237 015 2 761 299 22 662 1 378.453 1,395,508 61, p. 278,396,419,424,559, 871.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~ ' = 7-i ~0 ~ ~ ell ~ 0 0 ~ ell ~ I MAP OF THE --, ~ ~ .-4 E b ~ NEW YORK, ONTARIO & WESTERN RAILWAY & CONNECTIONS. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 96 J.NVESTORS' SUPPLEMENT. (VOL. LXII, Subscrib ers will conCer a great f'avo r b y givin g l nune dla t e noti ce of' a n y e rror discovered In these Tables. Bonds-PrinciINTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or A.mount Rate per When Where payable, and by pal, When Due •. of Par Outstanding Stocks-Last F or explanation of column headings, &c., see notes of Road. Bonds Value Cent. Payable Whom. on first page of table. Dividend. -- - - --- --- ' N,ew York Penn. & Ohio-PriorlienM .• ~old.$& £.c... let mort., 7,., gold, made incomes in 1895 ...... c· Equip. trust, sinking fund 3 p. c. (drawn at 100). 2d & .id M .. inc., gold,$ & £ (3d M. $30,000,000)c* N.Y. Phila. & Norfolk-lstM.,$16,500p. m., gold.c" Income mort., gold, non-cum., $10,000 per mile.r N. Y. & Putnam.-N. Y. & No. 1st mortgage, gold. c N. Y. &P. 1st con., $6,200,000, g., ~u. p.&i. end . . c"' N. Y. ~ .Rock. B'h.-lst M., $1,000,000, gold, gu .. c* Income bonds, non-cumulative ................... r N. Y. Sus'f11Ahanna & West.-Pref. stock (See text) ... Midlan RR. of N. J, lstmor~age, gold ........ c' Paterson Extension RR. 1st ., real estate, g .. c* N. Y. Sus. & W. 1st M., refd~, \· (2d M on 73 m.). c* 2d mort. ($1,000,000 gol ) d M. on 73 miles.c* Debenture bonds................... . .......... . . General mortgage for $3,000,000, gold .. _..... c* Collateral trust bonds, subject to call .... .. .... Termina~ 1st mort. for $:?,000.000, gold...... c*&r Wilkesb. & East'n, 1st M., gold, gu. p. & i. (end.)c* 431 431 43i 112 112 57 57 .... ---- ..72 1 134 134 134 .... 0 65 g isso New Yo rk..Pe u nsyl van la &Ohlo.- uwns from 1:ialaLDa110a,N. Y., branches, 9 miles : total owned, '131 miles. Leased lines-Cleveland & MahoningValley'RR., 124 miles; Sharon Railway, 16 miles: New Castle ~ Shenango Valley, 17 miles; Youngstown & Austintown Ry., 10 miles; Westerman RR., 2 miles; total leased, 169 mUes; total operated. 600 m. RECEIVERSHIP.-On Nov. 20, 1895, John Tod, of Cleveland, was made receiver.-V. 61, p. 925, 1065. FORECLOSURE.- Foreclosure sale ha'I been ordered for Feb. 25, 1896, at Akron, Ohio, at upset price of $10,000,000.-V. 62, p. 85. R~~ORGANI.ZATION" PLAN. - Under the N. Y. L. E. & w. plan of August, 1B~5 (see V. 61, p. 366, 368), whicil has heen accepted by the N. Y. P. & O. first mortgage bondholders, the first mortgage will be foreclosed and title of the N. Y. P. & O. acquired by tb.e Erie, which assumes the prior lien indebtedness, tb.e equipment trusts, the Cleveland & Mab.oning rental and all otb.er r entals, cb.arges and obligationg at present existing prior to the New York Pennsylvania & 0.1.Lio first mortgage bonds. Exchange of securities.-The ex:cb.ange of the old stock and bonds not assumed 'for new securities of the Erie Company is at the following r,:1,te: assessments are to be pai1l by all except the old first mortgage bonds of $12 in cash for each $:\,00 of the new "tock received. ,-A.RE TO BE KXCHANGED FOR~ ,--OLD SECURITIES 1'1--, Paying Prior 1st Pref. Oom. AMOUNTS OFA.ssessment. Lien 4s. Stock. Stoclc. 1st mortgage, $5,000 . - . .. None. $1,000 $500 $750 2d mortgage, $500 .. _..... $12 00 100 3d mortga~e, $1,000. __. .. 12 00 100 Pref. stock, $5,000 . .. . ... l'l 00 100 Com. stock, $10,000...... 12 00 100 BONDHOLD~ms' TRUST.-It is proposed to form a trust to receive interest and dividends accruing on ' he Erie securities, and distribute them ratal:Jly among the old N. Y. P. & 0. first mortgage bondholderi;i. See further particulars V. 61, p. 472. STOCK.-Stock is $44,999,350-par $50-voted by five trustees. BONDS.-See ".Reorganization Plan" above. The amount ot' first mortga~e bonds giv,m above ($71,877,000) includes deferred interest warram;s for $24,544,755. EARNINGS.-From Jan. 1 to June 30. 1893 (6 months), gross, $3,131,797, against $2,552,623 in 1894. ANNUAL REPOR'l'.-Fiscal year ends Sept. 30. The results for 189495 are given below. Renort for 1893-94 in V". 59, p. 966, 1102. On Sept. 30, 1~95, there was due from N. Y. L. E . & W. and its receivers on rental account, $1,325,1-10, and on unpaid acceptances, $321,010. Gross. .Rental, etc. Oharges. 1st M. int. Balance. 1894-95 .$6,690,636 $2,136,040 $1,366,584 .... . . _. sur. $769,456 1893-94. $5,93<&,667 2,018,272 1,461,306 ........ sur. 556,966 1892-93.$7,379,349 2,327,179 1,578,371 $303,56:i sur. 445,243 1891-92. 7,209,717 2,287,358 1,608,372 693,785 def. ' 14,799 Oharges in 1894-95 included: Hire of equipment, $237,225; rentals, $611,386; general expenses, etc., $107,973; interest on prior liens, $410,000; total, $1,366,584. -(V. 59, p.'880, 920,966, 1 102; V. 60, p. 83, 259, 392, 562,968; V. 61, p. 419, 472, 872, 925, 1065; V. 62, p. 85, 139.) New York Philad elphia & NorColk.-Operates from Delmar, Del., to Cape Charles, Va., 95 miles, and King's Creek, Md., to Crisfield, f7 miles. Under a traffic contract, which expired in 1894, the Penn. RR. Co. purchased a portion of the coupons. The company is now paying its own interest, beginning with July 1, 1895. A. six per cent bottomrymortgage for $225,000 due Jan. 1, 1895, was reduced by the payment of $165,000; balance due, $60,000. On Jan. 1, 1895, there were 5 per cent c::ir trusts for $120,000; 4 p. c. car trm~ts, $50,000; "miscellaneous obligations" and current liabilities, including $1,004,791 matured interest coupons unpaid held by Penna. RR., $1,151,354. Stock, $1,714,375; par, $100. EARN~NGS.-Year 51894 ............ gross, $904,692; net, $198,845 endmgDec.31. <1893 . . .... . ... . . gross, 8~6,727; net, 194,247 New York. & P utna01.. - 0wns from 155th Street and 8th A.ve,, N. Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles, double-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles. HISTORY.-Successor to the N. Y . & Northern, sold under foreclosure of 2d mort. Dec. 28, 1893, and purchased for N. Y. Central & Hudson River RR., which operates it under lease. V. 58, p. 127. STOCK.-Capital stock is $6,500,000; par, $100. BONDS.-The N. Y. Central ~uarantees $5,000,000 of new consol. mortgage bonds, of which $1,000,000 were reserved for improvements. Also $1,200,000 are held to retire at maturity the tlrst mortgage 5s. ANNUAL REPORT.-Earnings are included in N. Y. Central operations. -(V. 58, p. 127. 223. 306,595,636, 774; V. 60, p. 177.) N e w York & Kockaway B each.-( See Map Long Island RR.)Owns from Glendale Junction ~o Rockaway Park, with branch, 12 miles, of which 10 miles double track, mostly 80-lb. steel; trackage to Long Island City, Brooklyn, Far Rockaway, etc., 18 miles. Stock a uthorized and outstanding, $1_,000,000; par, $100. Controlled by Long Island Railroad Company, wnose endorsement is printed on tirst mortgage bonds. For quarter endin!?' Sept. 30, 1895, surplus over charges was $101,576, against $69,409 in 1894. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ----- 1880 $500&c. $8,000,000 412 M.& S. 1880 500 &c. 71,877,000 text. J. & J. '88-'90 £100 £399,051 5 g. Various 1880 $500&c. $4'4,500,000 5 g. M.& N. 1,000 1883 1,848,000 ~ g. J. & J. 1,000,000 1883 1,000 J. & J. 1,000 1,200,000 i) g. 1887 A. & 0. 1894 1,000 4,025,000 4 g. A. & 0. 1,000 984,000 1887 g. M.& S. 1,000,000 1R87 1,000 Jan. 1 100 12,842,800 See text. Various 500&c. 3,500,000 6 g. A.. & o. 1,000 250,000 6 g. J. & D. 1881 1,000 3,750,000 1887 5 g. J. & J. 1,000 463,500 1887 i12g. F. & A. 93,500 1882 500 F. & A.. 1,000 2,443,000 n g. F. & A. 1890 460,000 M.& N. 1895 6 5 g. M.& N. 18tt3 1,000&c 2,000,00 0 1,000 3,000,000 1892 5 g. J. & D. to Dayton, 0., 388 miles; branches-to Oil City, 34 miles, other Year. --- N. Y., Farm. L. & Tr. Co. Moh. 1. 1935 See text. London. None paid. Phila., Cassatt & Co. . ......... New York City. N.Y., Gr. Cent. Station. N. Y., CorbinBank'g Co . None laid. N.Y.,Of. 15 ortlandtst N. Y Nat. Park Bank. N.Y. 0f.,15 Cortlandt St. N. Y., Nat. Park Bank. N.Y.Of.,15 Cortlandt St. do do do do do do do do do do See text. 1908 & 1910 1910 & 1915 Jan. 1, 1923 Oct. 1. 1938 Oct. 1, 1927 Oct. 1, 199 3 Sept. 1, 1927 Sept. 1, 1927 Nov. 27, 1893 A.pr. 1, 1910 June 1, 1910 Jan. 1, 1937 Feb. 1, 1937 A.ug. l, 1897 A.ug. 1, 1940 May 1, 1905\{ay 1, 1943 June 1, 1942 ~ EARNINGS-For years ending June 30. Gross. !vet. Other inc. Interest. Balance. 1894·5 .... $231,860 def.$6,833 $2,550 $48,450 def.,r$52,733 1893-4 .... ~25,100 5,498 2,425 43,900 def. 35,977 1892·3 .... 252,700 51,038 2,325 39,057 sur. H,306 ,r This deficit includes $30,984 paid on account of Laurel Hill accident and $27,677 f9r extraordinary repairs to passenger cars. -(V. 57, p. 54 7 ; V. 59, p. '7 8 0 ,879; V. 61, p. -169 , 1155.) ~ e w York S u s q ueh a n na & W est er n.-(SeeMar.J-Operates direct line from Wilkesbarre and the Wyomin~ Valley coa fields to Jersey City opposite New Yol"k City, with brancnes, a total of 225 miles: Lines owned in fee. Miles. I I Lines leased, etc. Miles. Jersey City to Gravel Pl., Pa .. 101 Middletown Un. & Water Gap,r 14 [Double track 19 miles.] Wilkesbarre & EasternTwo bridges,N. J., to Unionville 21 Wilkesbarre to Stroudsburg.. 65 Other branches................ . 15· Trackage, etc ....... . ......... _.___: Total road operated (iTsee this co.) ............•............... . . . .. 225 HISTORY.-Consolidation in June, 1881, of the Midland of New Jersey a.nd other railroads and on April 25, 1893, with tile Hudson River RR. & Terminal Co. The Wilkesbarre & Eastern, completed in 1894, and controlled by owm1rship of stock, affords independent access to the anthracite coal fields. ·1 'he New York & Wilkesbarre Coal Co. was formed in its interest in 1893 to acquire coal lands and issued 6 pe1· cent bonds. ln May anrt June, 1895, there were some important changes in the directory and A.mos L. Hopkins was made Pre!->ident. The floating debt, which had been reported troublesome, was then taken care of. See V. 60, p. 874, 1010, 1'059, and" Directors" below. STOCK.-Authorized new preferred, $13,000,000; new common, $13,000,000; outstanding, preferred, see table; common, $11,828,300. DIVlDENDS.-On preferred stock from November, 1891, to November, 1893, 212 p. c. per annum (114 M. & !.II".); Ma,, 1894, none. BoNDS.-The issue of re.funding mortgage bonds is limited to $3, 750,000. Of the gene1·al mort"'age 5s, bonds are reserved to retire the second mort,xage 4-½!s and the debenture 6s. :-Jee mortgage abstract, V. 52, p. 84. Tile second.,; are exchangeabl'"I for g'lnernls on payment of· $60 per bond. On N. Y. Stock Exchauge $2,300,000 generals hadi been listed to January, 1896. The terminal bonds listed in Sept., 1893, (U.S. Trust Co., trustee) are an absolute first mortgage on the extensive terminal pro:(>erty obtained from the Hudson River RR. & Terminal Co. and on all tmprovements to be made thereon. They thus cover 3 miles of road, of which about one-third is a double-track tunnel un i~r the Palisades, completed in May, 1894 :see V. 58, p. 866), and 62 acres of terlninal property on the HudRon. opposite 96th St.,N. Y. City. Seeabstractof mort. V.57,p.512~ The Witkesbarre & Eastern 1st 5s (Guaranty Trust Co., formerly N. Y. G. & I. Co., trustee) are unconditionally guaranteed.-V. 60, p. 481. Tne New Jersey M1<1land junior securities were exchan~eable into ,itock of this company on certain terms, and have mostly been so exchanged. Paterson extension 611 for $25,000, included in table, are held by sinking fund trustees. There are also $6,000 old firsts of 1911 outstanding, besides $75,000 Passaic & N. Y. RR. 6s, ,lue 1910 (int. J & D), interest on which is guaranteed under 999-year lease. GENERAL FINANCES.-[n August, 1895, about $300,000 of car trusts(or 1895 to RR. Equipment Co.) were said to have been extended forseven years. V. 61, p. 240. In 1895 a ten-yt1ar collateral trust mortgage for $500,000 was i s~ued to take up loans, of whicil June 30, 1895, there were $630,077. Of tb.ese bonds $40,000 had been retired by sinking fund to Jan. 1 , 1896. See" History" above a s to change of control. EARNINGS.-For 6 month s ending Dec. 31, 1895, including Wilkesbarre & Eastern, compa-:.-e with 1894 as follows: 6 months- Gross. Net. All charges. Balance .. 1895 .. ....••. $1,185,229 $509,934 $!22,8 5 8 sur.$87,076358,698 390,367 def. 31,6691 894.... .. .... 1,073,265 ANNU A.L REPORT.-Fiscal year ends June 30. Report for year ending June 30, 1895, was in V. 62, _ _ _ _* 1 9 95 1893 94 1893 (12 mos.) (13 mos.) Miles operated ....... . _..... _... . .•. 157 Gross earnings .. . ....... . __ •. _.. $1, 7!'\3,353 $2,088,141 $1,782,909 90::l,719 762,930 Net earnings ...... . . . . . • . . . . . . . . 586,847 27,499 28,067 Other income................... 23,527 l ~? Total.. ...................... $610,374 Interest on bonds . .......... .•. $624,900· Rentals ......... _. . . . . . ....•... . 26,703 'rax:es... ... . ... ... . ... . .. . ... . ... 47,499 Miscellaneous.................. 52,649 $931,218 $587,992) 30,950 ~ 39,549 1 76,777 J --- -$790,997 --$587,301 Balance ................ tdef.$141,37(> tsur.$195,9.'lO * Year ending DPc. 31. t This detlclt is attributed to the partial suspension of coal transportation durmg tlle months or June, July, August and September. 1894, which showed a net loss over the sa.me months of the previous year of $151,859 90. t Dividend paid. $120,000, leaving surplus $75,950. ~ = (t\ Eagle z0~ Ii '1,; ~ I~ /'°Glen Mawr ~ zA ~ II II ~ II II ~ II II / oo ~ 0 w ~tQnntn~\ L WIL. '-- ~ 0 E-4 00 A ~ 0 ~ R. /!I~ """ ,......, co ~ 00 ,..... ~ ~ ~ 1-:, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NEW YORK SUSQUEHANNA & WESTERN AND WILKESBARRE & EASTERN RAILROADS & CONNECTIONS. INVESTORS' 98 SUPPLEMENT. [VOL, LXII. su·bscribers "'1ll conCer a great Cavor by giving iJDJDediate notice oc any error discovered in these Tables. RAILROADS, F or explanation of column headings, &o., see notes on first page of tables. Bonds-Prino INTEREST OR DIVIDENDS. Miles Date Size, or Amount Rate per When Where Payable, an& by pal,WhenDue Par of of Stocks-Last Road. Bonds Value. Outstanding Cent. Payable Whom. Dividend. . Y. Texas cf: Mex.-Ist. M.,g.,$ or £,181.by So.Pao.o* orfolk cf: Carotina-Ist M. for $1,5 0,000, gold.o* orfolk cf: Southern-Capital stock ... ... ............ 91 110 104 104 1882 1889 orfotk cf: ·si is6s 1868 1868 1868 1st mort~ge, $10,000 per mile, gold ............ o* estern-Pref. stock, 6 pr. ct,. non-cum. Norf'k&Petersb'g-2dM.. (nowlst) Nor.toPet'g.o South Side-Consol. mort. 1st pref., extended .. o Consol. M. 2d pref., gold, extended ............ o Consol. 3d pref., Petersburg to Lynch. & br's .. o do do old 6s, extended Jan. 1 l 896. Vir~a & Tenn. enlarffi.ed M. (extend in.1884) .. o 4t M., now 2d, Lyne b'BrtoBristol and br'oh .. o Norf.&West.Gen.M.. Norfo to Bristol.etc. gold.o* New River division 1st mortgage, gold .... ... o* Improvement & Extension Mortgage, gold ... o* Adjustment Mort., iold (red. Oot.'94 at 110) .. o* ClinohVal.D.lstM., raham toNorton&brs.,g.o* 1 00-year mort&~e, $45,000,000, ~Id....... . . o* Scioto Valley ew England, 1st ., assum.,g.o* Norf. & West.-lstM. Maryland & Wash Div.,g.o* Debentures for dividend (subject to call) ....... Equipment M., 10-20s, g.,dr'natlOO aft.May,'98 Car trusts, lease warrants, principal Deo.1,'95. Equip. trusts, guar. by RR. Equipm't Co., ~ .. o Equip. trust of 1893, gold, not subject to ca . *o Roanoke & So. lstM.,g.,$15,000p. m., gu.p.&i.o* Equip. trust, $210,000, guar. p.&i. byN. &W.o* Lynchburg & Durham bonds, guar.-see that Co. Col. Con. & Term. 1st M., gold. gu. p. & i. (end.)o* 133 133 133 133 214 214 428 160 588 588 105 936 129 257 isifr i854 1866 1881 1882 1883 1884 1887 1889 1889 1891 .... 1892 .... 1888 '87-'94 1892 . .... 1893 122 1892 1891 ---· --· ---· .... 1892 4 g. $&£ $1,457,500 1,000 1,320,000 5 g. 100 2,000,000 See text. 5 g. 1,000 750,000 100 50,000,000 See text. 1,000 496,000 5 1,000 5 & 6 290,000 100 &o. 270,500 5g.&6g. 100 &o. 352,800 6 100 &o. 5 100,000 1,000 980,000 5 1,000 1,000,000 8 1,000 7,283,000 6 g. 1,000 2,000,000 6 g. 1,000 5,000,000 6 g. 1,000 1,500,000 7 g. 1,000 2,500,000 5 g. lOO&o, 15,065,000 5 g. 1,000 5,000,000 4 g. 500 &o. 5 g. 7,050,000 500 430,000 5 1,000 4,114,000 5 g. 1,642,039 Various 1,000 608,000 1,000 629,000 5 g. 1,000 2,041,000 5 g. 1,000 75,000 6 500 DIRECTORs.-President Amos L. Hopkins, Simon Borg, H. O. Armour, Thos. A. McIntyre, C. C. Cuyler, G. A. Hobart, Henry Sanforl\, Roswell Eldridge, H. B. Plant, J . W. Ogden, G. W. Young and F. C. Lawrence, Jr. -(V. 58. p.178, 306,866: V. 59,p. 420,600, 1058; V. 60, p.131, 260, 48::, 874, 1010, 1059; v. 61, p. 240, 420,662; v. 62, p. 82, 85.) N e-w- 'I'. ork Texas & Jllexican.-Owns from,, osenbergto Victoria, Texas, 91 miles. Stock, $630,040, of which South~rn Pacific Company owns all but $22,040. There are also $60,500 old sixes outstanding. Operated by the Southern Pacific Co., which guarantees the 4 p.o. bonds. On June 30, 1893, loans and bills payable, $600,276. EARNINGS.-11 months, °{ 1895 . ........ Gross, $215,672; net, $71,941 Jan. 1 to Nov. 30. 51894 . ...... . . Gross, 239,827; net, 98,249 In 1894 gross, $269,411; net, $113,619; surplus over taxes and harires, $6,853. In 1893 gross, $266,434; net, $102,865. Due Southern Pacific Co., etc., Jan. 1, 1894, $714,752. Norfolk & Carollna.-Owns from Narfolk, Va., to Tarboro, N. C., 101 miles; branches, 9 miles; trackage to Rocky Mount, 17 miles. Opened April 1, 1890, and forms a part of the Atlantic Coast Line. Stock, $1,500,000; par, $100. Loans and bills payable June 30, 1895, $139,203. In yflar ending June 30, 1895, gross earningl'! were $392,332; net, $106,551; other income, $1,994; interest on bonds , $66,000; other interest, $6,980; balance, surplus, $35,565. In 1893-94 gross, $357,802; net, $68,125. NorColk & Southern.-Owns Berkely, Va., to Edenton, N. C., 73 miles; (ferry across Albemarle Sound to Maoke;v's Ferry, 9 miles;) thence road to Belle Haven, 30 miles; total main lme, 103 miles. HISTORY.-Suooessor to Norfolk Sonthern, foreclosed April 29, 1891. In Feb., 1895, $50,000 first 5s were issued for improvements, etc. DIVIDENDS.-Paid first dividends in 1892, 2 p. o.; in 1893, 4 p. o.; in 1894, 4 p. o.; in 1895, 4 p. o.; in 1896, Jan., 1 p. o. EARNINGS.-7 months, °{ 1894-5, gross. $238,749; net, $83,439. July 1 to Jan. 31. 5 1893-4, gross, 238,594; net, 82,305. ANNUAL REPORT.-For years ending June 30: Net. Other Income. Interest, Bal' ce fo1• taxes . cf:c. dividtnds. 1894-5 .......... $436,595 $143,621 $2,041 $46,070 $99,592 1893-4 .......... 435,383 146,149 2,811 50,774 98,186 1892-3 ..... .. ... 437,160 138,104 3,010 41,114 100,000 Dividends paid in 1894-5, $80,000; in 1893-4, $80,000 : in 1892·3, $80,000.-(V. 59, p. 151, 152, 1102; V. 60, p. 302; V. 61, p. 516.) NorColk & Western.-This system, shown to advantage on ao~~!!1i!!re~~ map, consists~~~~ folll:'ai:tfe~sed. Mile.~. Norfolk. Va., to Colt111 tbus, 0 .. 710 Lynchburg & DurhamRadford, Va., to Bristol, Tenn.107 LynohburgtoDurham,N. C. 115 Roanoke, Va., to Hagerstown.238 Roanoke & Southern & br.Graham to Norton ........ . .... 100 Roanoke to Winston-Salem .. 12-1 Nor. Car. June. to Iron Ridge. 45 Total of all Jan. 1, 1895 ... 1,570 Sundry branches ............... 131 Double track.................. 49 ORGANIZATION, ETC.-The Atlantic Mississippi & Ohio was a oonsoli dation of Norfolk & Petersburg, South Side and the Virginia & Ten· nessee roads; foreclosed February 10, 1881, and reorganized as Norfolk & Western, and subsequently much extended. RECEIVERSHIP.-On Feb. 6, 1895, President F. J. Kimball and Henry Fink were appointed receivers.-V. 60, p. 259. FORECLOSURE.-Foreolosure of the 100-year mortgage of 188 9 authorized in October, 1895. Foreclosure of Clinch Valley and Maryland & Wash. division mortgages is also sought. (V. 61, p. 704.) COUPONS IN DEFAULT.-Coupons of the date given, and since, on the following loans are in default. I BondsCoupons. AdJustmentmort..... Moh. 1, 1895 Equip. bonds of '88 . . June 1, 1895 Bonds- Coiipons. Chinoh Va1. Div. I sts.Moh. 1, 18951 Mary. & Wash 1st M.July 1, 1895 Roanoke & So. l sts ... Mob. 1, 1895 N. & W., 100-yr. 5s ... . July I, 1895 Debentures of 1892 .. April 1, 1895 Improv. &Exten. ,r 6s.Aug. 1, 1895 ,r Only those Improvement and Extension coupons due Feb. 1, 1895, presented prior to the receivership, Feb. 6, 1895, were paid. COMMITTEBS.-London Committee consisting of Alexander Brown, chairman; H. P. Stur~is , H. J. de Lanoy Meyer, C. Sligo de Pothonier and William Vivian are acting in co-operation with a New Ym·lc Committee as follows: George Coppell, J. Kennedy Tod, A. A. H. Boisse· vain, Robert Fleming arnl Louis Fitzgerald.-V. 60, p. 302. In Jan., 1896, J. Kennedy Tod, A. A.H. Boissevain and Robert Fleming, a suo·committee, expected soon to issue a plan of reorganization. STOCK.-Common stock is $9,500,000, of which $136,600 unissued; par, $100. Preferred as in table. There is also $10,900 Va. & Tenn. preferred 6 per cent stock outstanding, which is a lien on the 214 miles of road. DIVIDENDS on preferred stock-In 1882, 4 per cent: in 1884, 31g rn scrip; in 1888, 112; in 1889, 3; in 1890, 3; in 1891, 3; in 1892, April, llg ; Oct. . 1 p. ct. in scrip, convertible into debentures; none since. BONDS.-Abstraotof Ctinch Valley mortgage (Fidelity Insurance Trust & Safe Deposit Co. of Philadelphia, trustee) in V. 45, p. 541. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A. & 0. N.Y.. S.Pao.Co.: London. A. & 0. N. Y., Central Trust Co. Q.-J. N. Y., Atlantic Tr. Co. M.& N. do do A. & 0. J. & J. N.Y.,Mero.Tr.Co.&Phil. J. & J. do do J. & J. do do J. & J. do do do do J. & J. do do J. & J. J. & J. do do M.&N. do do do A. & 0. do F. & A. Feb., '95, coup. last pd. Q.-M. Deo.,'94, coup. last pd. M.& S. Sept.,'94, coup. last pd. J. & J. Jan., '95, last pd. M.&N. N. Y.,Mer. Tr. o. & Phil. J. & J . .Jan., '95, coup. last pd. A. & O. Oot.,'94, ooup. lastpaid J . & b. Dec., '94, coup. last pd. N. Y. Mer. Tr. Co.&. Phil. Q.-J. New York & Phila. Q.-J. do do M.& S. Sept., '94,ooup.lastpaid. J. & D. Dec., '94, coup. last pd. ApJ96~0ct. '0 2 Ap.'96-Jan.'O 3 Moh. 1, 192 2 June,'95-190 1 5 g . J. & J. N. Y., Atl. Tr. & Phila. Jan . 1, 1922 ...5.g. I G1·oss. -- --- --- 600,000 00°8. Apr. 1, 1912 Apr. 1, 1939 Jan. 10, 1896 May 1, 1941 See text. July 1, 1900 July 1, 1900 July 1. 1900 Jan. '97-1900 July 1, 1900 June 30, 1900 Moh. 1, 1900 May 1, 1931 Apr. 1, 1932 Feb. 1, 1934. Dec. 1, 1924. June 1, 1957 Jan. 1, 1990 Nov. 1, 1989 Jan. 1, 1941 Oct. 1, 1912 June 1, 1908 I The I00-yea1· mortgage of 1889 (trustee Mercantile Trust Co.) is a first mortgage upon the Ohio Extension, 192 miles; the steel bridge across the Ohio River; upon various short branches, and upon the extensive terminals at Lambert Point and Norfolk; it is also a general mortgage, subject to prior mortgages, upon the remaining property of the company at the date of the mortgage, October, 1889, tbe total mileage covered in Jun e, 1893, being 936 miles. Abstract in V. 50, p. 208-see "finances" below. As to Scioto Valley cf: New England mortgage and guaranty see SUPPLEMENT of January, 1894. M<J:ryJland cf: Washington Division mortgage abstract V. 54, p. 204. Add1t10nal bonds for $330,000 on Jan. 1, 1895, were held by bankers as collateral. The gotd car triists for $900,000 were issued in 1892, each being indorsed with a guaranty of principal and interest by the Railroad Equipment <!Jompany. They fall due in forty quarterly instalments of about $23,000 each. The cm· trusts of 1893 are similarly payable. South S-itte 3d preference 6s fall du., $100,000 each Jan. 1 to 1900, when the balance is due. The $100,000 due Jan. 1, 1896,were entended to July 1 . 1900, at 5 p. o. V. 61, p. 1013. .JloanoJce ct; /:iouthern bonds for $2,041,000 were guaranteed in Fe bruary, 1892-see that company in SUPPLE.!11ENT for January, 1893, also V. 54, p. 601, 684. N. & W. owns $1.842,800 of the R. & S. stock for $2,396.400 and leases the road for 999 years . Depository for R. & S. bonds is Mercantile Trust Co., Baltimore, Md. (V. 60, p. 481.) Instalments (payable June and Dec.) of principal of R. & 8. equipment trust bonds due sirn·e I 1eo., 1894, had not been paid to Dec., 1895. Of the 6,006 shares of capital stock of Columbus Con. & Termmal, 6,000 shares are owned hy the N. & W. FINANCES.-On the N. Y. Stock Exchange in October, 1895, had been listed $12,265,000 of 100-year bonds. See V. 56, p. 931. On January 31, 1895, the secured floating debt was $1,008,448, and the current liabilities exclusive of January accounts amounted tu $653,462. Exclusive of sinking fund of $150,000 annually the principal of oar trusts due during the nexr. eight years amounts to nearly $3,500,000. The interest charges, rentals, oar trust payments and sinking funds payable during the year 1895 aggregate about $1,000,000 more than the net earnings of 1894. EARNINGS.-11 mont.b.s, l 1895 .... Gross, $8,781,834: net, $1,934,464 Jan. 1 to Nov. 30. 51894 ... . Gross, 9,468,781; net, 2,455,493 ANNUAL REPORT.-Fisoal year ends Dec. 31. Annual meeting is held at Roanoke, Va., on first Wednesday in May. Report for 1894 was given in full in the CHRONICLE, V. 60, p. 857, 871, 882. 1894. 1893. 1892. 1891. A.verage miles operated. 1,570 1,556 1,308 1,091 Passenger earnings. . ... . $1,522,134 $1,721,194 $1,880,820 $1,819,593 Freight earnings ...... .. 8,352,750 7,873,773 7,634,230 6,980,130 Mail, express, &o.. .... .. 465,568 437,651 437,831 388,319 ---- ----- ----- rotal gross earnings ..... $10,340,452 $10032618 $9,952,881 $9,188,042 Oper. expen. (incl. taxes). 7,693,905 7,199,460 7,031,673 6,009,767 Netearnings .............. $2,646,547 $2,833,158 $2,921,208 $3,178,275 P. o. of op. ex. to earn'gs. 74·00 (72·00) (70·65) (65·41) Income from invest., &o. $135,585 $141,189 $144,606 $156,645 From Shen. Valley fund t _ _ _ _ _ _ _ _ t136,260 135,000 Total net income ...... $2,782,132 $2,974,347 $3,202,074 $3,469,920 Int. on funded debt.... 2,834,631 2,821,940 2,428,454 2,266,130 Int. on oar trusts, &o... 122,550 { 1 ,, 7 278 Int. on floating debt.... 69,684 5 "' ' · · ···· ·· · · •· · · · · Rentals.................. 80,643 64,871 47,308 ....... . Div. on preferred stock. . . . .. . . . (212) 1,030,000 (3)1,072,500 Balance ............. d.$325,376 d.$99,742 d.$303,688 Def. leased lines int 147,715 25,485 Sinking fund payments 145,300 142,105 -- - - ---- s.$131,290 Total deficit........ . $618,391 $277,332 ,. Dividend 212 per cent, of which 1 per cent in scrip convertible into bonds. t Derived from a special fund of $270,000 created under 11,l?l'eement with the Shenandoah Valley. ·-(V. 59, p. 1007; V. 60, p. 259,302,390,392,481,606,795,807,871, 874, 882; V. 61, p. 240,471,704,925, lOUt) North Carolina.-Owns from Goldsboro to Charlotte, No. Carolina, 223 miles. Leased from Jan. 1, 1896, to the Southern Ry. Co. for 99 years at $260,000 (612 p. o. on stock) per year for six years, and $280,000 (equal to 7 p. o. on stock) for balance of lease; also taxes. V. 61, p. 325. Of the stock the State of North Carolina holds $3,000,000. The- Southern Ry. has set aside $4,000,000 of its new oonsols to be used, if desired, to acquire a like amount of North Carolina stock. -(V. 56, p. 878; V. 61, p. 152,196,325, 517, 1115.) North Pacific Coast (Narrow Gauge).-Owns San Francisco to Cazadero, 87 miles; branches to San Rafael and Mill Valley, 4 miles; leases to San Quentin, 3 miles; total operated, 94 miles, including ferry to San Francisco, 6 milfls; also has ferry to San Quentin, 11 miles. Stock authorized, $3,000,000; issued, $2,709,500; par, $100. Extension Co. friendly fo1·eolosure suit settled. There are $7,000 2d mort- JANUARY, 1896 j 99 RAILROAD STOCKS .AND BO.NOS. Subscribers urlll conf'er a great Cavor by giving llnllledtate notice of any error discovered In these Tables. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prmoi Amount - - - - - - - - - - - - - - - - - 1pal,When Due. of of Par Outstanding Rate per When Where Payable, and by Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend. - - - - - - - - -- - - - - - - - - - - - 1 Miles Date Size, or For explanation of column headings, &c., see notes on first pag-e of tables. ------------------·---:-·----•---·l-----1--------1----------I-----223 .... $100 $t,000,000 612·7 M. & 8. Burlington, N. C. North Oar.-Stock, 6 12% till Jan. 2, 1902-then 7%. Northeastern RR. of Ga.-lst M.,end. by State of Ga. N;1t:'Jf:A71ii~ff:sff.! :.:1ai M:; goiii,·aub.to oaii ·atioo:ci General M. for $1,500,000, gold ................. c No. Penn.-Stk,. 8 p. c. gu..990 yrs.,$6,000,000 auth. 2d mortgage .........................••............ c General mortgage bonds ..... ................•. c&r Bonds secured by $1,200,000 stock .... .......... r No.~ So. of JZl.-lstM.for$600,000 ($10,000p.m.)g. No. East Penn.-lst M .. g., gu. p.& i. P.&R. (end.)c* Nortlv-Eastern (S. O.J-Stock.. ·-······· ............. . 1st mortgage, provided for by consol. mortgage . c 2d mortgage, provided for by consol. mortgage.c Consol. mortgage, (for $1,836,000) gold ......... c Northern, (N. H.J-Stock, 5 p.c.rental till July,1897 Northern Oaliforniar-lst mortgage, gold.......... . Northern Oentral-Stock ($8,000,000 authorized) . 1st mortgage, State of Maryland loan ........... . 2d mortgage .... ..... ................ ......... .... c* Consol. M., gold; coup., int. J & J; reg., A & O. c&r Consol. gen. mort. {gold, s.f., drn. at 100, A&B . c of 1874, gold, se· gold, $, C & D ....... . . ...... c cures all equally. gold, E ...................... c 2d gen. mort., series "A" & "B" (A $2,565,000) .. Union RR., 2d m. (now 1st) assumed$ or £, gold.c Northern of New Jerse'lj-Stock . .................... . 3d mortgage, now 1st (for $700,000) ............ c Nor. Ohio-lstM.g. ($15,000p.m.)gu.p.&i.L.E. &W.c.,. Northern PaciJlc-Common stock .................. . Preferred stock (8 per cent, not cumulative) ..... . 1st M. and ld. gr. Missouri Div., dr'n at par.c*&r 1st M. and ld. gr. P. d'Or. Div., drawn at par.c*&r 39 39 76 91 86 56 86 102 102 102 83 54 1876 1881 1881 1892 500 ..... . 1,000 1,000 1866 500 ..... . ..... . 1,000 1,000 1873 1881 1890 1890 1869 1869 1883 1889 is8 1855 l~. 588 500 1,000 100 1,000 ... ~~ 138 1865 500 &c. 1,000 138 1868 138 1874·5 $ & £ 138 1876·7 $1,000 1,000 138 1885 138 76&82 1,000 1,000 9 1873 100 21 1887 100 &c. 1,000 167 1895 100 100 1879 100 &c. 205 225 187~ 100 &c. ga~e bonds of 1881 outstanding. For year ending June 30, 1894, gross, $383,195 ; net, $92,189; int. taxes, etc., $90,110; balance, surplus, $2,079. In 1892·93, ~ross, $418,625; net, $122,294. Profit and 784 336 lo ss deficit June 30 , 1894, $ • · ~orth Pennsylvania.-Owns from Philadelphia, Pa., to B~th· lehem, Pa., 56 miles; branches to Delaware River, &c., 30 miles. Ground rents and mortgages July 1, 1893, $458,128. Leased for 990 V"oa.rs from May 1, 1879, to Phila. & Readin~ at 8 per cent on stock. ·The 2d mortgage 7s due May 1, 1896, for $1,500,000 will be refunded at 4 per cent. (V. 61, p. 872.) North & South of Illlnols.-Owns from Snrin,...<rfleld to Litohfleld, Ill., 43 miles. and from Litchfield to Mo_iint -Oli;v~. 7. miles, Successor to St. Louis & Chicago foreclosed. Owmg to llt1g:at1on t~e l'eceiver was not discharged, but the road was leased to Chic. Peoria & St.Louis till Dec. 31, 1895, when control was purchased by the St. Louis & Eastern-which see-also see V. 62, p. 86. Stock-Common, $1,500,000; pref., $1,300,000, 5 p. c. non-cum.; par, $100.-(V. 57, p. 91, 180; v. 62, p. 86.) North-East Pennsylvanla.~Owns road from Glenside to New• Hope, Pa., 26 miles. Controlled by P. & R. Capital stock, $400,000, of which $312,600 owned by Phil. & Read. is deposited under its coll. trust deed of 1892. Northeastern RR. of" Geo1·gta.-Road from Athens to Lulai Ga., 39 mile . Opened in 1876. D efault made in interest due Novem• ber, 1893, on fir ts , which are endorsed by the State, and road since operated by State of Georgia. Sol<l in.April, 1895, _and pui:chas~d byth_e State, which now offers the road for ale and w1ll receive bids until Feb. 14, 1896. Capital stock is $239,000; par $100. EA.RNINGS.-Year ending June 30, 1895, gross, $57,505; net, $13,633. North-Eastern (S. C.)-Owns from Charleston, S. C., to Florence. 8. C., 102 miles; leases jointly, Lane, S. C., to Sumter, S. C., 40 miles; total operated, 142 miles. Of consolidated mortgage $1,142,000 was held to retire debts of prior lien. In 1895 Charleston & Northern 4 per cent boJJ dR for $236,000 were guaranteed principal and interest. V. 61, p. 1105 . Stock, $900,000; par, $50. Dividends from 1888 to Jan., 1895, 6 per cent per annum; in July, 1895, none. A NNUAL REPORT.-Report for year ending June 30, 1895, was in V. 61, p. 1105, with balance sheet. Earnings I.lave been as follows : 12 rnonths. <h·oss. Net. Other inc. Int., ete. ~Bal.fo1·div. 1894-95 .. ... $525,401 $107,606 $30,617 $133,000 $5,223 1893-94..... 562,263 133,425 36,155 136,914 32,666 * Dividend for $27,000 were paid in 1894-5, leaving deficit for year of $21,777. In 1893· 94 dividends were $54,000; bal., deficit, $21,334. -(V. 57, p. 1038; V, 61, p. 1105.} Northern (Ne,v Halllpshlre).-Owns · from Concord, N. H., to West Lebanon, N. H., 70 miles; branch to Bristol, N. H., 13 m; total, 83 miles. Lease to Boston & Lowell for 99 years from Jan. 1, 1890, was assigned to Boston & Maine, rental being 5 per cent on stock till July 1, 1897, and 6 P.er cent thereafter, payable in gold. In addition to the 5 per cent dividends provided for by the l ease, an extra 1 per cent per annlll,ll has been paid regularly from the contingent fund, which on June 30, 1894, amounted to $212,108. In 1893-94 an extra dividend of 5 per cent was paid, making 11 per cent in all. Northern Caltfornla.-Owns from Knight's Landing to Oroville Cal., 54 miles. Leased to Southern Pacific Co., which owns $1,277,500 of the $1,280,000 stock; par, $100. This is not the Northern Railroad or California-see that company. In 1 894 gross earnings were $172,183: net, $59,018, against $30,391; deficit under taxes and charges, $3,942, payable by so. Pac. Co. Northern Central.-Owns from Baltimore, Md., to Sunbury, Pa., 139 miles, of which 117 miles double track-branch, 9 miles; leasesShamokin Valley & Pottsville Railroad, 28 miles; Elmira & Williams• port Railroad, 78 miles; operates at cost-Elmira & Lake Ontario Rail· road, 100 miles; Summit Branch Railroad, 20 miles; Pennsylvania Railroad, 3 miles; total operated, 377 miles. Also uses New York Lake Erie & Western tracks, 7 miles, and Philadelphia & Erie tracks between Sunbury and Lewisport, 40 m., and owns Union RR., 9 miles. ORGA.NIZA.TION.-This was a consolidation of several roads in 1854. Controlled by the Pennsylvania RR., which owns $3,488,950 stock. SECURITIES OWNED-On Jan. 1, 1895, among the assets held were Balt. & Potomac stock (par) of $622,850; Elmira & Lake Ontario stock (all), $1,500,000; Shamokin Valley & Pottsville stock, $619,400; Union RR. stock. $700,000 (the balance of $500,000 being held by Phila. Wilm. & B alto.), etc. Value of all, as per books, $2,854,700. The income from investments in 1894 was $221,921. LIABILITIES.-Jointly with the Penn. RR. and Phila. & Erie this com. pany guarantees the Allegheny Valley 5 per cent loan of 1870. Mortgages and ground rents on January 1, 1895, were $319,8:30. Union RR. firsts for $900,000 due Jan. 1, 1895, were paid from sinking fund. DIVIDENDS paid since 1882-From 1883 to 1886 inclusive, 8; in 1887, 8 and 10 stock; in 1888, 7; in 1889, 8: in 1890, 8 p. c.; in 1891, 7; in 1892, 7; in 1893, 9; in 1894, 7; in 1895, 8 p. c.; in 1896, Jan., 4 p. c. EARNINGS.-11 mos. t 1895 ...... gross, $5,946,844; net, $1,762,076 January 1 to Nov. 30. 51894 ...... gross, 5,513,477; net, 1,685,256 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I 260,000 7 M. & N. . . . .. . . . . . 815,000 6 M & N. . ... . . . . . . 590,000 6 g. M. & N. San Fran., Co.'s Office. 1,000,000 5 g. J. & J. do do 4,720,750 8 per an. Q.-1''. Phlla. Of., 240 So. 3d St. 1,500,000 7 M. & N. do do 4,500,000 7 J. & J. do do 1,200,000 6 M. & S. do do (1) 5 g. ..... 400,000 5 g. A. & 0. Phlla., Phila. & Read'g. 900,000 Text. J. & J. Charleston, Office. 820,000 8 M. & S. do do 322,000 8 M. & S. do do 694,000 6 g. J. & J. N. Y., Cuyler, Morgan. 2,997,300 6 per an. Q.-J. Boston, 19 Milk ~t-. 1,074,000 5 g. J. & D. N. Y., So. Pac., ~3 Broad 7,518,150 See text. J. & J. Balt. & Phila.; Pa. RR. 1,500,000 6 Q.-J. Annapolis. 1,126,000 6 A. & 0. Baltimore&Phlladelp'a 2,804,000 6 g. Various Baltimore, Treas. Office. 1,491,000 6 g. J. & J. London and Baltimore. 2,000,000 6 g. J. & J. Baltimore, Treas. Office. 1,557,000 412g. A. & O. do do 3,565,000 5 J. & J. Baltimore,Treas. Office. 600,000 6 g. M. & N. London & Balt. 1,000,000 See text. J. & J. N. Y., 199 Chambers St. 6 J. & J. Jer. City, Hud'n Co. Bk. 654,000 2,500,000 5 g. A. & 0. New York. 49,000,000 35,240,747 ~e·eiit. M::i~. N. Y., ;~:~~;:~~:Wall St ~ 2,172,500 l 6 M. & 8. do do Sept. 1, 1895 May 1, 1896 Nov. 1, 1926 Nov. 1, 1901 Jan. 1, 1912 Nov. 25, 189& May 1, 1896 Jan. 1, 1903 Sept. 1, 1905 1940 Apr. 1, 1920 Jan. 1, 1895 Sept. 1, 1899 Sept. 1, 1899 Jan. 1, 1933 Jan. 1, 1896 June 1, 1929 Jan. 15, 1896 Irredeemable. A.pr. 1, 1900 July 1, 1900 July 1, 1904 July 1, 1904 Apr. 1, 1925 Jan. 1, 1926 May 1, 1900 Jan. 15, 1896 July 1, 1917 Oct. 1, 194b ½fif t·I:r: Sent. 1. 1919 A.NNU~L REPORT.-]_'iscal year ends Dec. 31. President's i:eport for 1894, given at length m V. 60, p. 345 , 350, showed the followmg: !ear end. Dec. 311894. 18,,,93. 1892. 1891. ::~~~ ~~~~:t::::::: $6.cfii:260 Net earnings.......... 1,797,144 Other receipts......... 386,335 $6,8i1:806 $7,1iI:290 $6,8iJ168 2,118,650 2,078,930 1,903,346 496,979 333,886 377,181 Total netincome .... $2,183,479 $2,615,629 $2,412,816 $2,280,527 Rentals, &o. .... .... ... 485,759 500,253 442,140 440,461 Interest on debt....... 850,921 859,561 869,699 914,001 Dividends ............. (7) 526,267 (8) 601,446 (8) 601,444 (7) 526,263 Miscellaneoui:i......... 210,840 94,174 129,341 229,558 Balance, surplus.... $109,692 $560,195 $370,193 $170,244 -(V. 58, p. 325,343, 346; V. 60, p. 345, 350, 6.56.} Northern of New .Tersey.-Owns from Bergen, N. J., to Sparklll N. J., 21 miles; leases Sparkill to Nyack, 5 miles. Operated under contra.ct of April, 1869, New York Lake Erie & Western at 35 per cent of its gross earnings and five fifty-sixths of the balance. Stock, $1,000,000; par, $100. On June 30, 1894, curr ent liabilities were $198,387; current assets, $201,699. DIVIDENDS.-From 1884 to July 15, 1893, inclusive, 3 to 4 p. c. yearly; 1894, July, 214 p. c.; in 1895, 412 p. c.; in 1896, Jan., 2 p. c. ANNUAL R EPORT.-For fiscal years ending June 30: Yea1·. Gross. Net. Int.,taxes. Bal., snr. Dividends. 1804-5 ...... $138,532 $106,764 $55,352 $51,412 (4¼) $45,000 1893-4...... 130,187 96,803 (4 14) 42,500 55,689 41,114 1892-3.... .. 140,310 (4 ) 40,poo 104,540 59,379 45,161 -(V. 59, p. 331; V. 61, p. 364.) Northern Oh.lo Kailuray,-(See Map Lake Erie cf: Western.)Owns road from Akron to D elphos, 0., 165 miles; branches, 2 miles. A reorganization of Pittsburg Akron & Western sold in foreclosure Oct. 17, 1894. Road is l eased in perpetuity to Lake Erie & Western. STOCK AND BONDS.-Stock is $4.230,000; par $ 100. The ffrst mortgage isfor$4,000,000and bonds are guaranteed,principaland interest, by Lakr, Erie & Western by endorsement on each bond. Bonds for $1,500,000 "are only to be issued at not to exc>eed $15,000 per mile of completed road for soch hereafter constructed or purchased road, it any.''-V. 61, p. 240,282,750,794. Northern Paclfi.c.-LINE OF ROAD-Main line-A.snland, Wis.• to Portland and Wallula Junction, Ore., 2,137 miles; Duluth to Northern Pacific Junction (½ interest), 28 miles; Northern Pacilio & Manitoba (connecting with Canadian Pacific at Winnipeg and Brandon), 264 miles; various other lines and branches, 994 miles. Total owned, 3,409 miles. Leases-St. Paul & Northern Pacific, Brainerd to St. Paul, and branches, 193 miles; trackage St. Paul to Minneapolis, 12 miles; Minneapolis terminals, 3 miles ; · other lines, 7 miles; total, 22 miles. Also operated sunJry branch Lines, making grand total June 30, 1894, 4,551 miles. Permission to abro~ate leases of Minneapolis Union and St. P. M. & M. trackage and termma.ls was obtained by N. P. receivers in June, 1895.-(V. 60, p. 606.) HISTORY, ETC.-Chartered by act of Congress July 2, 1864. The road opened, 450 miles, to Bismarck, was foreclosed in 1875, and reorganized. Chicago & Northern Pacific stock for $15,010,000 (a majority interest) was acquired in 1890. The Chicago & Calumet T erminal Railway also was purchased, all its $6,000,000 of bonds being pledged as collateral under the N. P. trust deed of 1893 and receivers' certificates. See Chicago & Northern Paci.fie. The receivers were relieved by the Court from the leases of the Wisconsin Central and Chicago & No. Pac. See those companies. RECEVERSHIP.-OnSept. 24, 1895, Receivers Thomas F. Oakes, Henry C. Payne and Henry C. Rouse, appointed Aug. 15, 1893, resigned. This action was taken on account of the claim made of the Court for the District of Washington (see p. 420) to the effect that the Wisconsin Court was not the court of primary jurisdiction. Their r esignation, however, was not accepted for the New York district. In January, 1896, the receiverships for the different districts were as follows: Andrew F. Burleigh for Washington, Oregon, Montana and Idaho, 2,52!:.I 1niles; Ed ward H. McHenry and Frank G. Bigelow for Minnesota Wisconsin and North Dakota, 1,985 miles, and Messrs. Oakes ,Payne and Rouse for New York and Manitoba. Efforts are being made to secure consolidation of the three receiverships. (V. 61, p. 662, 704, 750, 1065; v. 62, p. 85, 139.) CotrPON PA.Yl\IENTS.-Of the interest maturing since the receivership began the interest on the following loans had been regularly paid up to Oct., 1895: Pend d' Oreilte and Mo. Division 6s, the first 6s of 1881, the recei1Je1·s' certificates, the collate1·ai trust notes and the equipment trusts. No interest to July, 1 895, had been paid on N. P. 2d mortgage and other junior bonds since June, 1893. Foreclosure suits. under the second and third general mortgages and consol. mortgage was filed on October 18, 1893. (V. 57, p. 684.) Interest on Spokane & Palouse and Duluth & Manitoba bonds is payable under a special arrangement. See below. Application for payment of overdue 2d mortgage coupons was made to the U. S. Court in December, 1895, by the Second Mortgage Bondholders' Oomrnittee. V. 62, p. 41. REORGANIZATION.-An alliance with the Great Northern involving a guarantee by that company of certain Northern Pacific seeurities lia.s INVESTORS' 100 SUPPLEMENT. (VOL, LXII, Subscribers -will confe1· a great favor by giving ilnlllediate notice of any error discovered in tl1.ese Tables. RAILROADS. For explanation of column headings, &c., see notes on first page of tables. Bonds-PrincJ INTEREST OR DIVIDENDS. Due, Miles Date Size, or Amount Rate per When Where Payable, and by pal,When Par Stocks-Last of of Outstanding Road. Bonds Value. Cent. Payable Whom. Dividend. --·· N orthern Pacific-( Concluded)Gen.lstM. ld. g-r., g., $25,000'p. m.,dr. atll0c*&r 2,146 Receiver's certificates, gold, red. at 101 p. c ..... c Gen. 2d mort., gold,land grant,drawnatll0.c*&r 2,ii6 Gen. 3d mort., gold, sinking fund, not drawn.c*&r 2,146 Oon.iol mortgage for $160,000,000, gold ..... c*&r 3,476 Coll. tr. notes ($15,000,000) g.,red. af.May 1'96.c&r Divirt:eud certificates, ext'd in '88, red. after 189~ Trust equipment ............................... ~ ... .64 . .me, River Valley RR, lat M., gold .. o• ~ i, <b 39 Cotiur <l' Alene 1st M., g., not drawn... c" . ff . 49 Gen. M.,$25,000 p.m., g ............. c* ell :e.g~ 110 Spokane & Palouse 1st M., gold ....... c* ~ 5bA A Duluth & Manitoba lat mort., gold. ... o• _2 110 96 Dakota extension 1st mort., gold...... ~ "g ~ A 17 Helena & Red Mountain 1st M., gold.c* ~;::!.co No. Pac. & Mon, 1st M., g.,notdr'n.. c*&r ...,...,.'d1= Text. Cent. Washington RR. 1st M., gold.. c*&r .,9 ~Q) Q) 108 Nor. Pac. & ManitobaTerm. lstM.,a .. c* .Sl S ..... .Northe1·nPac.Ter.Oo.-lstM., ~ld, re ., atllO ... c~ N01·theni Railway (Ual.)-lst ., int. guar., goltl .. i49 Consol. M. ($21,000,000),gold,lst M.on 197m.c*&r 386 !forwich ~ Worcester-Pref. stock, 8 p. c. rental. ... 66 lst M., principal and int. guar. by N. Y. & N. E.c* 48 40 Oconee & Western-1st M., $9,000 p. m., gold ......• Ogden Mine RR.-Stock (5 p.c.rent.Cen. of N. J.J ... 10 Q~de.nsb. ~Lake Ohamplain-Consol. M. (now 1st M.) 118 ncome bonds, not cumulative .................... Guaranteed debenture bonds ..................... r Ogdensb 'l'ransitCo.lst M. (Cent.Vt.& o dens.,{.?;U.) ···g Sarato~a & St. Law. 1st M., for $200,0 0, guar .. r Onio <f: Mississippi-See BALT. & OHIO SOUTHWEST r• r 3 ---- ---· ---· 1881 1894 1883 1887 1889 1893 1888 1888 1886 1886 1888 1886 1886 1887 1887 1888 1888 1890 1883 1877 1888 is77 isso 1880 1893 1888 --·· 1889 $ l,000&C' $41,877,000 6 g. 1,000 4,900,000 6 1,000&c 19,216,000 6 g. 1,000&c 11,461,000 6 g. 5 g. l,000&c See text. 1,000 9.494.000 g. 500 &c. 519,500 3,000,000 7 963,000 6 g. 500 6 g. 360,000 1,000 6 g. 878,000 1,000 1,766,000 6 g. 1,000 1,650,000 6 g. 1,000 1,451,000 6 g. 1,000 400,000 6 g. l,000&c See text. 6 g. 1,000&c 1,750,000 6 g. 1,000 750,000 5 g. 1,000 3,901,000 6 g. 1,000 5,156,000 6 g. 4,751,000 1,000 5 g. 100 2,767,800 8 pe an. 1,000 400.000 1,000 360,000 5 g. 100 450,000 5 per an. 500 &c. 3,500,000 6 100 &c. 999,750 6 1,000 326,000 4 759,500 6 100,000 5 i i:<>oo 6 ----------- been under consideration. The outlines of one plan proposed in Berlin were given in V. 60, p. 930, but see V. 61, p, 27. In January, 1896, all reorganization projects were awaiting settlement of receivership difficulty. See V. 61, p. 1065. Adams Oommittee.-ThiS committee requests deposits of the general second and third mortgage bonds and the consols. It consiRts of Edward D. Adams, Chairman: John C. Kullitt, Louis Fitzgerald, Charles H. Godfrey, J. D. ProbRt, Jamds Stillman and Ernst Thalmann; depositaries, Mercantile Trust Co., N. Y., Pennsylvania Co., of Philadelphia, and Deutsche Bank of Berlin and London, and Credit Lyonnais of France. Committee's certificates for $19,688,000 consols listed on the N. Y. Stock Exchange to January 16, 1896; as to other deposits with this committee, see V. 59, p. 1111. Second mortgage bondholders' committee, Johnston Livingston Chairman: Luther Kountze, Dumont Clarke, Henry S. Redmond and Charles S. Fairchild, all of New York, Charles B. Wright, Phila, and Benjamin P. Cheney, Jr., Boston, Secretary, S. E. Kilner, care of estate Fredk. Billings, 120 Broadway, N. Y. V. 59, p. 70,116; V. 61, p. 794. Third mortgage Committee.-Evans R. Dick. C. B. Van Nostrand, Max Ruckgaber, Jr., of N. Y., and Charle oag-ne Tower, Jr., of Phi.la.,; depositary, N. Y. Guaranty & Indemnity Co. See circular of Aug. 15, 1894, V. 59, p. 319. See also V. 59. p. 153, 332; V. 61, p. 611, 794. James River Valley bondholders' committee: James Timpson, 32 Nassau St., N. Y., William M. Cole, William A. Wheelock; depositary, U.S. Mortgage Co., 59 Cedar St., N. Y. V. 59, p. 65I. Oroiw d'Alene general mort. bondholders' committee: W. J. Quinlan, Jr., Chemical Nat. Bank, N. Y., M. L. Scudder, John P. Townsend; de· positary, Farmers' Loan & Trust Co. V. 58, p. 1072. First mortgage eommittee is Chester W. Chapin, Frederick Grant, E. M. Bulkley, L. S. Holzmaister and Henry Martin. V. 59, p.1142. In July, 1895, an arrangement was pending with the Northern Pacific to pay the Creur -d' Alene interest, in part at first and finally in full. (V. 60, p. 1059.) Spolcane & Palouse Oommittee.-Geo. R Sheldon, Chairman, N. Y., Se· curity & Trust Co., Depositary. In Oct., 1895, certificates of deposit for $1,766,000 bonds had been listed on the N. Y. Stock Exchange. RENTAL.-Leased to Nor. Pac. in Nov. 17, '94, for 4p. c. on bonds May 1, '93, to Nov. 1, '94; 5 p. c. Nov. 1, '94, to May 1, '97; also taxes, maintenance, etc., V. 59, p. 192, 277. See V. 59, p. 1059, 1104; V. 58, p. 904; V. 59, p. 830. D·u1itth & Man'itoba bondholders' committee: Frederick Cromwell, Chairm:in, 32 Nassau St., N. Y., Cornelius B. Gold, E. R. Dick, Charle· magne Tower, Jr., and C. B. Wright, Jr. On Nov. 8, 1894, D. & M. was leased to No. Pacific from Aug. 15, 1893, to July 1, 1896. RENTAL 4 p. c. per annum on D. & M. firsts for first 18 months and 5 p. c. per -annum for remaining period (including coupons due June, 1895, and July, 1896. V. 59, p. 1059, 1.104. V. 58, p. 1109; V. 59, p. 319, 6,5I, 836. No. Pacific <f: Montana bondholders committee: Chairman, George R. Sheldon, 4 Wall St., Robert Maclay, C. T. Barney and Simon Wormser; -depository. Knickerbocker Trust Co., N. Y. Trust Co. receipts listed on N. Y. StocJI Ex:cban~e to Oct., 1895, $4,425,000.-(V. 59, p. 1008; v. 60, p. 260, 1146; V. 61, p. 58, 196.) See also" BONDS," next column. Oeniral Washington committee: A. M. Hoyt, Uhairman, No. 1 Broad• way. C. T. Barney and Charles E. Eddy; depositary, Knickerbocker Trust Co. Trust Co. receipts listed in !'l. Y. in July, '94. In May, 1895, receivers were appointed for Central Washington. C. B. Chamberlain, of Spokane. is now sole receiver. Old lease to .Northern Pacitl.c ordered canceled Nov. 30, 1895. It is proposed to foreclose the mortgage. V. 61, p. 1012. Knickerbocker Trust Co., N. Y., was appointed trustee of Cent. Washington mortgage Sept. 29, 1895, in place of Farmers' L. & T. Co.-V. 60, p. 930; V. 61, p. 611, 662, 704, 1012; V. 62, p. 137. CAPITAL STOCK.-The preferred stock has a preference for 8 per cent in each year if earned, but is not cumulative. Until default on the general first mortgage the preferred was to be receivable in payment for lands east of Missouri River at par, and the proceeds of said lands (3,630,879 acres) were t I go to its retirement. The preferred stock was thus reduced from $51,000,000 to the present figure. The back surplus due the preferred for dividends earned but not distributed is invested in consolidated bonds of the par value of $3,347,000, which aL'e held by the Farmers' Loan & Trust Company. B0NDS.-See abstract of general first mrwtgagein V. n8, p. 903; of general 2d mortgage V. 5.:l, p. 942; and of general 3d mortgage V. 47, p. 22. The general 1st, 2d and 3d mortgages have a tirst, second 11,nd third lien respectively ou the company's maiu line and on the lands, except as to the parts subject to the two divisional mort~ages of 1879 and the lands east of the Missouri River, which until derault on the general first mortgage bonds are subject to the ria:hts of the' pre• ferred stockholders. After default, however, on the general tirl\t mortgage, that mortgage becomes a prior lien on the lands east of the Missouri River, the pref. stock then ceasing to have any claim thereon. The 2d, 3d and consol. mortga.ges have no claim on the lands east of the MiRsouri River. The consolidated mortqage covers the main line and branches, a onehalf undivided interest m 24 miles more, and all the land grant except that east of the Missouri River, which_ls subject to the preferred stock, and has a first lien on 1,330 miles of branches, through deposit of b ranch line bonds as security. (Abstract of mortgage-trustee, Farmer s Loan & 'rrust Co.-V. 50, p. 279.) · Comptroller's report for year 1894·5 showed that $62,443,000 con sols had been executed, of which$4,726,000were pledged for receivers' cer• tltlcates and $8,850,000 were deposited under collateral trust and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J. & J. N. Y. Office, 45 Wall St. Q.-J. do do A. & 0. Apr., '93, coup. last pd. J. & D. June, '93, coup. last pd. J. & D. June, '93, coup. last pd. M.&N. N.Y., Farm'rs L.&T.Co. J. & J. .July, '93, coup. last pd. Q.-M. 31 N. Y., Office, 45 Wall St J. & J. July, '93, coup. last pd. M.& S. Sept., 93, coup. last pd. A. & 0. Apr., '93, coup. last pd. M.&N. See text. J. & J. See text. J. & D. See text. M.& S. Mch., '93, coup. last pd. M.& 8. Mch., '93, coup. last pd. M.& S. Mch., '93, coup. last pd. J. & J. July, '93, coup. last J. & J. N.Y.Winsl'w,Lan'r& o. J. & J. N. Y., So.Pac.Co.,23 Br'd A. & 0. do do J. & J. Boston, Second Nat. Bk. M.& S. Boston, N. E. Trust Co. M. & S. Net in lieu of interest. J. & J. Phila., 237 So. 4th St, A. & O. N. Y.Mer.Ex.Bk. & Bost. A. & O. J. & J. St. Albans, Vt. F. & A. Boston Security Co. Ogdensburg, N. Y. J. &D. ft Jan 1, 1921 July 15, 1897 Dec. 1, 1933 Dec. 1, 1937 Dec. 1, 198!! May 1, 1898 Jan. 1, 19or, Oct. 1, 1898 Jan. 1, 1936 Sept. 1, 1916 Oct. 1, 1938 May 1, 1936 July 1, 1936 June 1, 1937 Mch. 1, 1937 Sept. 1, 1938 Sept. 1, 1938 May 1, 1939 Jan. 1, 1933 Jan. 1, 1907 Oct. 1, 1938 Jan. 6, 1896 Mch. 1, 1897 Mch. 1, 1923 July, 1895 Apr. 1, 1920 Apr. 1, 1920 Apr. 1, 1920 Aug. 1, 1909 June 1, 1919 Northwest equipment contracts. In January, 1896, $15,676,000 had been listed on N. Y. Stock Exchange. · Abstract of deed securing collateral trust notes of 1893 [Farmers' Loan & '.rrust Co., trustee] was in 56, p. 1017. Notes listed to Jan., 1896, $10,275,000, and as security there were deposited with the trustee Northern Pacific consol. 5s $6,850,000; Chicago & N. P. 5s, $2,055,000; Chicao-o & Calumet Terminal 5s, $4,200,000; St. Paul & N. P. iatock, $4,• 810,000; Chicago & N. P. certificates of beneficial interest, $15,010,000; No. Pacific Express Co., $242,500; total, $33,167,500.-(V. 60, p. 302.) Nor. Pac. <f: Montana bonds of 1888 are outstanding to the amount of $8,843,000 on 354 miles of road, but of these $3,462,000 are pledged under the~- P. consol. mortgage of 1890. FLOATING DEBT.-Jnnf' 30, 1895, floating debt, including receivers' certificates, was $9,274,157; past-due coupons and accrued interest main line bonds, $10,723,767. See V. 61, p. 554. GENERAL FINANCES.-On June 30, 1895, the receivers estimated that provision should be made for extraordinary expenditures in the next tive years of $9,000,000, in order to place the property on an equal footing with its rivals for economical operation, for reduction of ~Tades, right of way, steel rails (less value rails taken up), additional i;erminals, and other facilities, bridge renewals, etc. See V. 61, p. 555. LANDS.-See SUPPLEMENT of May, '91, V. 58, p. 941, and V. 61, p. 555, 872, 1155; V. 62, p. 85, 139. RECEIVERS' CERTIFICATES.-The $5,000,000 receiver~• certificates rank, as regards their lien upon the corpus of t~e property, before the general second mortgage but after the general first mortgage. They have for their .iecurity, first, a lien on cP.rtain bonds and stocks; second, a lien on the income of the road, and, third, subject to the general first mortgage, as already said, a lien on the corpus of the road itself. EARNINGS LEASED LINES.-For year 1892·93 the losses on the le11sed lines, after payment of charges, were as follows: (See V. 57, p. 854.) James River Valley.......• $65,4791 Helena & Red Mt ........•• $30,270 Coeur d'Alene . ............• 98,931 No. Pac. & Montana .. . ...•• 423,659 Spokane & Palouse ..•..... 87,407 Central Washigton ......... 117,989 Duluth & Manitoba ........ 158,625 Other lines ....••..........• 923,251 EARNINGS.-5 months, 1895 ... gross, $10,492,884; net, $5,276,447 July 1 to Nov. 30. ) 1894 ... gross, 9,019,837; net, 3,812,487 ANNUAL REP0RT.-Annual meeting is held at New York on the third Thursday in October. Report for 1894-95 was in V. 61, p . 364 and 554. Wisconsin Central Lines' earnings are included for first three months of 1893·94 only and excluded entirely from other years. Yrs.endingJune30. 1895. 1894. 1893 1892. Mileage............. . ..... 4,443 4,412 Passenger earnings. $3,350,492 $4,639,864 $5,917,054 $6,296,285 Freight earnings... 13,210,699 1~,378,402 17,017,629 17,383,771 Mail, express, &c . . . 8-73, 790 883,810 985,425 981,401 c Gross earnings .. $17,434,981 $17,902,07G $23,920,108 $24,661,457 Net earnini;{s before deducting taxes.. $6,115,299 $5,151,435 $9,448,336 $10,485,093 -(V. 60, p. 42, 219, 260, 302, 392,432,481, 563, 606, 657, 712, 836, 874, Q27, 930, 1059, 1105, 1146; v. 61, p. 27, 196, 241,325,364,367, 420,470,517,554,559,611,662, 704, 750, 794, s:is, 831, 872,925, ()66, 1012, 1065, 1108, 1155; v. 62, p. 3Q, 41, 85, 137, 139.) Northern Pacific TerJDlnal CoJDpany, oC oregon.-Owns terminals on the Willamette River, Ore., at Portland, East Portland and Albina, comprising lands 270 acres, tracka~e 32 miles, dock frontage 7,904 feet. Its Grand Central Station at Poi·tland, Ore., will be opened in February, 1896. LEASE.-Leased for fifty years from Jan. 1, 1883,jointly and severally to Northern Pacific, Ort-gon Ry. & Navigation and Oregon & California, with guaranteed rental to pay interest, sinking- funrl and taxes. Great Northern Ry Co. in August, 1894, arranged with Oregon Ry. & Nav. Co. to run trains into Portland. STOCK.-Stock <$3,000,000\ owned by said three companies (40 p . c. by Oregon Ry. & Nav. Co., 40 per cent by No. Pacific and 20 per cent by Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be delivered after payments to the sink. fund, which is to cancel the bonds. B0NDS.-The first mortgage is for $5,000,000. The sinking fund is to retire the bonds by maturity, bonds being drawn at 110 and intereRt. In April, 1895, $i76,000 firsts were issued for new depot, etc. To December, 1895, $3,993,000 firsts had been issued, of which $92,000 retired by sinking fund. (V. 59, p. 28, 423; V. 60, p. 657.) Northern Railway Co. (California).-This was a consolidation in May, 1888. Owns 390 miles of railroad, leased for 99 years from July 1, 1888, to the Southern Pacific Co. Lessee pays tixed charges and 6 p. c. on stock, if earned, and retains surplus. The capital stock authorized is $21,000,000, par $100; issued $12,896,000, all but $195,300 being owned by Southern Pacific Company. · [n 1894, gross, $2,166,121; net, $728,134; other income, $127,271; surplus over charges in 1894, $305,709. For 1893 gross, $2,439,9~7. Norwich & Worcester,-See SUPPLEMENT of September, 1894. gden ltline.-Owns from Nolan's Point (Lake Hopatcong) to ~parta (or Ogden Mine), N. J., 10 miles. Leased ror 999 years from Jan. 1, 1882, to Uentral RR. of N. J. for 5 p. c. per annum on capital stock and $500 yearly for organization expenses. O 101 STOCKS AND .BONDS" JANUARY, 1896.]I Subscribers 'Will confer a great :favor by giving llnmedlate notice o:f any error discovered lo these Tablea. Bonds-Prinot. INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due Amount Rate r,er When Where Payable, and by pal,When of Par Outstanding Sto~ks-LMt For explanation of column headings, &c., see notes of Road. Bonds Value. Cen . Payable Whom. Dividend. on first page of tables. --- Ofl,io River-1st ro. [$2,000,000l $12,000 p. m., g.c* 169 208 33 12 - -· 1886 $1,000 1887 1,000 1890 1,000 1,000 1892 1895 1,000 1881 $2,000,000 2,698,000 300,000 300,000 5 5 6 6 g. g. g. g. Gen. M. (for $3,000,000)~ol ,1st on 39miles .. c* Ravensw. Sp. & Glen.1st .,~ld,gu.,p.&i.(end.)c* Huntin~on & Big S. 1st M. ( 00,000), gold, gu. c* Ohio .River & Oha1·t.-lst mort., $15,000 per mile.. ...6.g. uhio South.-lstM.,$4,000,000($15,000 p.m.)g... c"' 226 3,924,000 Receivers' certificates ............................. See text. ... ... . 6eneral (2d) mortgage, (for $2,800,000), gold .. c" 226 1889 2,567,000 4 g. 1894 See text. Consol. (3d) mortgage, $8,000/00, gold .......... 5§' 1895 Car trus ts Dec., 1895 ($319,0 0 are 6s) ... ....... 957,000 5& Ohio Vattey,KKi"-lst mortgage, gold ............. c" 108 1886 g. } 2,394,600 Gen. co:nsol. ., gold, gu. by Ches.&O. S.W., end.c* 108 1888 1,000 5 g. 100 15,089,100 See text. Old Oolony-Stock ...... .......• .... •....•.•... ..... c* Bonds, not mort., ($2,000,000 F.& A.,Aug.'97)c&r '7ff•6·7 1,000 6 3,100,000 Bonds do ................................ r 1882 1,000 200,000 412 1,000 Bonds for Framin,,ham & Lowell bonds ......... c ·--· 1884 498,000 412 Bonds not mort. ( 750,000 '84, due July, 1904) .r '84-'88 1,000 4,750,000 4 Bonds (authorized $3,000,000), gold ..•........ c*r 1894 1,000&c 3,000,000 4 g. BostonClin. F. &N. B. mort.,int. guar. byrental.c i'i5 1880 1,000 1,912,000 5 Old Colony Steamboat bonds .. _................... .... ...... 300,000 412 Do Bonds, gold ............................ 1893 500,000 5 g. Providence & Stonington Steamship Co. bonds .. (1) ···5·· Plymouth & Middleboro l stM.,int. gnar.(end.).c* ·15 iso2 225,000 Oma11,a Bridge & Terminal .Ry.-lst M. ($5,000,000) (n 1893 Umaha <I St . .LO'ttis-Receiver's certitlcates ......... ..... ......... Oct. none. ...4.g. 1st mortgage, gold .. ..... ........................ c* 145 iss7 1,000 2,717,000 1,000 2d mortgaffe ($4,000 per mile) Nold ............ c* 145 18~0 51,000 5 g. Oregon <I Oa .-lstM.,g.dr'natl0 gu.p.&i.(end).C... 596 1887 1,000 18,842,000 5 g. Oregon Improvement-See MISCELLANEO us COMPAN IES. Oregon Oentral & Eastern.-Mortgage .. •....•..... .... ..... <Jregon Railway <I Navigation-Stock ...••.. . _... _•. 24,000,000 6 per.an. 1st mort. bonds, gold, sink. fd. (drawn at 100) .. c iff9 is19 1,000 4,938,000 6 g. ------ ---- ------· m i:ooo -----i:o·oo {5 ---------· ---· ---· ---· -----· -----·-------------·- ··ioo -----· m .J. A. F. .J. & & & & D. 0. A. J. N.Y., Central Tr. Co. do do do do New York or Phila. .June Apr. Aug. July .J. ..&.I>. D ec., '95, paid when due June· 1, 1, 1, 1, 1936 1937 1920 1922 1; ·i921 M:·&· ·N . May,'95,coup._last paid. May· 1; .i921 .............. 1944 Monthly. July 1, 1926 .July 1, 1938 Jan. 1, 1896 1896·1897 Dec. 1, 1897 ~r. ~ 1904 1 04 1938 Feb. 1, 192 4. Jan. 1, 191 0 Boston. Jan. 1, 1912 See text ---······· J. & J. July, '93, coup. last pd. do .J. & J. do Boston, Offloe. Q.-.J. Various do do J. & D. do A. & O. do .J. & J . F. & A. do J. & J. Boston, N. E. Trust Co. M.&N. Boston. Boston. J. &D. .J. ..&.. ..... .. J. ..&.. ---------- 1903 ........ Jan:·1;·fo3 7 In default. J. J. May 1, 1940 do J. &D. J. & J. N. Y., South Pacific Co. July 1, 192 7 4:..:.:j, See text. .J. & J. N. Y. Sec. & Trust Co. Oct."· 2; "i893 July 1, 1909 Ogdensburg & Lake Champlaln.-Owns from Rouse's Point, ! ICLE, V. 59, p. 330, showed gross earnings of $702,360; net, $370,454 N. Y., to Ogdensburg, N. Y., 118 miles, and leases branch, 9 miles. On I interest on bonds, $241,880; surplm1, 'B12~,574. In 1892 gross, June 1, 1886, leased in perpetuity to the Central Vermont RR. Co. for $711,541.-(V. 59, p. 330,476,651, 739; V. 60, p. 7!-l5, 836, 874, 1010, inter est on bonds. • Stock, common, $3,077,000 (par, $100), of which 1146; V. 61, p. 27, 152, 325, 367, 750, 872, 926, 1013, 1065, 1155; V. $1,n91,000 IR owned by Central Vt.; preferred, $500. On June 30, 189 5, 62, p. 41, 139.J loans and bills payable, $60,000. o hlo Valley .-Cnmpleted from Evansville, Ind., via Princeton on the EARNINGs.-For 3 months ending Sflpt. 30, 1895, surplus over Chesapeake Ohio & Southwestern, to Hopkinsville, Ky., 139 miles, of charges wa.s $18,130, against deficit of $5,308 in 1884. For yea.rs end- which 21 miles, Princeton to Gracie, iR leased; branches, 9 miles. ing June 30. ORGANIZATION, ETc.-Stock is $2,162,200 (par, $100), $1,297,500 'hoss. V'et. Olh'l?' inc. Int.,taxes,etc. Balance. of which sold in 1891 conditionally to the Chesapeake Ohio & South1894-5. • • .$768,818 $268,551 $3.~6~ $ 2 67,941 sur. $4,17 2 western, but the conditions of purchase were not fulfilled. Sundry 1893-4 .. • - 781,090 . 258,430 4 .?63 267,643 def. 4,650 accounts payable July 1, 1893, $442,011; car liens, $16,139. The gen-(V. 59, P• 371, 969, V. 60, p. 392,968, V. 61, p. 4:68, 926.) eral mort. trustee is Central Trust Co. In Dec., 1893, John McLeod Ohio Rlver.-~oAD.-Owns from Ben~ood, opposit~ Wheeling, was appointed receiver. Application to foreclose made in Feb., 1894. West Va., to Huntmgton, West Va., 212 _miles; trackage mto WheelEARNINGS.-For calendar year 1894 gross, $376,663; net, $98,503, ing, 3_ miles: leases. Huntington & Big Sandy Railroad (opened taxes, rentals, etc., $25,628; balance for interest, $72,875. For years early m, 1893), Huntmgton. to Kenova, West Va., on the Norfolk & ending June 30, 1895, gross, $355,964; net, $92,269 • rentals, etc .. Westerns new line, 11 miles, operates Ravenswoo~ Spencer & Glep- $12,040; balance surplus, $80,229; in 1893-94 gross, $374,463; net, ville Ry, Ravens.wood to SpeJ?,cer, 33m.; R:f.ley&Mill QreekVa.lley, .... 3 $75,376; in 1892-93, gross, $358,526; net, $7,661.-(V. 60, p. 481.) m.; total, 269 mil~s. Extens10n to Ashlan , Ky., is proJected. Old Colony (MaH.)-Owns road from Boston to Provincetown, 8TOCK.-Author1zed, $6,000,000; outstanding, $5,915,430; par, $100. Mass., Newport, R. I., etc., 495 miles; leases, 108 miles; total operated, BoNDs.-Trustee of the first and the general mortgage is the Fidelity 603 miles. See SUPPLEMENT of September, 1894. Ins. Tr. & Safe Dep. Co. of Phila. The~- S. & G. mortgage is for $400,LEASE.-In 1893 leased to the New York New Haven & Hartford 000. In Decembe7, 1895, there :Vere bills payable, $225,000, and in for 99 yAars. About $5,000,000 of the stock, included in table above, treasury w_ere $302,000 of the $3,000,000 general M. 5s and $67,000 was exchanged for New Haven stock, and is held by that company. Hunt. & Big Sandy 6s. The lease provides for dividends of 7 p. c. per annum on stock not E.ARNINGs.-On 215 miles, t 1895 .... gross, $806,567; net, $287,062 excha.nged. See V. 56, p. 247, 374. Jan. 1 to Nov.. 30, 11 mos. 51894 .... gross, 657,084; net, 256,605 STOCK, ETc.-Anincrease of stock from $12,000,000 to $15,000,000 .ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1894, with was authorized in Nov., 1889, .and a further issue of $2,000,000 to balance sheet, was in V. 60, p. 925, showing earnings as follows: raise the grade of Boston & Providence track for four miles, and YearGross. Op. ex. & taxes. Net. Int. & taxes. Balance. $3,000,000 for terminal improvements in Boston have been author189<l .. , . . ... . $712;431 $46-1,258 $248,173 $263,322 def. $15,149 ized, making total authorized $20,000,000. In year 1894-95 6,000 1893.... .. ... 790,261 503,447 286,814 264,433 sur. 22,381 shares of stock and $500,000 of bonds were sold for improvements. 1892.... . . ... 795,135 478,733 316,402 243,776 sur. 72,626 The $500,000 of 6 per cent bonds due June 1, 1895, were refunded at W. P. Thompson, President, New York City. (V. 60, p. 925.) 4 p. c. On July 1, 1895 there were $1,500,000 of bonds authorized, but Ohio River & Charleston Ry.-Owns road from Camden, unissued, "most of whicb. will be !-'equired to meet maturing debts" in S. C., to Marion, N. C., 171 miles. Also in operation in Tennessee from curred for removal or t,!rade crossmgs, etc. . Allesons' Millt1 to North Carolina State line, 32 miles; and in Kentucky In Sept., 1895, the stockholders au-!ihor~zed an additional ~2_,000,0~0. from Richardson to Whitehouse, 8 miles. A reorganization in 1894 of bonds to cover bonds, etc., maturmg m 1895-96 and additional 1m• of the Charleston Cincinnati & Chicag,,. The company has been reor- provements; on Sept. 25, 6,000 shares of stock were also sold therefor. ganized with preferred and common stock. Common (authorized $9,FLOATING Dll:BT.-Loans and bills payable June 30, 1895, were $789,-000,000) issued $3,711,300; preferred (authorized $6,000,000 non- 461, against $555,063in 1894; there were also $200,000of 5 p. c. notes. oum. ~ p. c.) issued $2,474,200. _An issue of bonds, $15,000 a mile, was DIVIDENDS since 1881-In 1882, 612; 1883 to July, 1891, both in· voted m July, 1895, for extens10ns. (V. 61, p. 27.) elusive, at the rate of 7 per cent yearly; in December, 1891 (dividends EARNINGS.-11 months, t 1895 ...... gross, $167,282; net, $29,590 changed to quarterly), 20 10 per cent; in 1892, 7; in 1893, March, 1¾ Jan. 1 to Nov. 30. 51894 ...... ~oss, 152,057; net, 15,163 per cent; June, 213; thereafter 1¾ per cent quarterly under the lease. In .year 1894grol'ls_ $168,456; net, $24,951. In 18::J3,gross, $155,747; ANNUAL REPORT.-Operations since July 1, 1893, are included in N deficit under operatmg, $34,?39. , y .N. H. & H. report, but the company's statement of improvements O111.ce, 310 Chestnut St:, Pu1ladelphia. President, Samuel Hunt; seC1 y for the year ending June 30, 1895, with general bala.nce sheet, was and compt., John J. Collier. (V. 59,p.1059; V. 60,p.1146; V. 61, p. 27.) given in v. 61, p. 513. (V. 59, p. 0 12, 1104, 1142; V. 60, p. 606, 712, Ohio Sonthern.-Owns Springfield, 0., to Wellston, 118 miles, 874, ::J68, 1146; V. 61, p. 472, 513,517, 559.) and ora.nches, 40 miles; extension from Sprin~eld to Lima. 68 m~les Omaha Hrido-e & Terminal Ry.-This company owns and (compl~ted in Dec., 1893); total, 226 miles. Lu~e from Jeffersonville operates a double track steel railway brid~e across the Missouri River to Lebanon, 42 miles, was about half completed m October, 18_94_. (V. between the cities of Omaha, Neb., and Council Bluffs, Ia.. Also a. 59, p. 739.) In November, 1895, the. Lima & _Northern was bmldmg a line of railway between Omaha, South Omaha and East Omaha, Neb., line from Lima northerly about 35 miles to !J,J~nction :With the Toledo, and council Bluffs, Ia. In Nov., 1894, had in operation 39 miles of track .St. L. & K. C. Bee V. 61, p. 925. Traffic prmc1pally b1tummous coal. and has in contemplation large additions. It has connections with all STOCK, ETc.-Stock outstanding, $3,840,000; par $100. the leading railroads reaching Omaha. Mortgage of 1893 covers the RECEIVERSmP-DEFAULT.-Rece:,ivers appointed May 11, 1895. Re- bridge at Omaha and the lands and other property. V. 62, p. ,µ. <ieiver~ are now N. B. Matthews and J. R. McGrew (appo~nted Au~. 16, ornaha & st. Louls.-Owns Council Bluffs Ia., to Pattonsburg, Mo., 1895, m place of George "'.'· Saul). V. 61, p. 325. F1rst mortga~e 144 miles. In June, 1893, .John F. Barnard wa~ appointed receiver. ooupons due June 1 were paid In August, 1895, and December, 189.:,, Receiver's certificates for $310,000 authorized tor rolling stock, but coupons when due, at Central l'rust Co., N. Y. V. 61, p. 10i3. none issued to Oct. 22. 1895. Col\~l\UTTEES.-fr'i:1•st Mortgage: Cha~man, w. A. Rearl ofVermilye & BONDHOLDERS' COl\UlITTEE.-W. Emlen Roosevelt, Cornelius B. Co., Simon Borg, Henry Sanford, Edwrn S. Ho~ley and Thomas Denny. Gold Francis Smith. General M01·tgage: John I. Waterbury, President Manhattan Trust ' Company, No. 1 Nassau Street, New York, James D. Smith, Cnair• REORGANIZATIO~ PLAN.-Plan (?f Dec. 18, 1895, accepted by the }!lan, No. 42 Broad Street, N. Y., Jules s. Bache, Rush c. Hawkins, w. bondholders, pr(?Vldes for format10n of a new company after fore• o. Wiley and E. L. Oppenheim; depositary, Manhattan Trust Co., N. closure sale, to issue fi_r st mortga 9e 4 p. c. five-year oonds. _Old firsts y -V 61 p 27 1065. v 6:.:1 p 139 and seconds are to receive 75 p. c. m the new 4s and 25 p. c. m new in. · ' · ' ' · ' · · comes or stock· the new bonds are subject to redemption at p ar on 60 RECEIVERS' CERTIFICATES.-Certifl.cates for $120,000 (July, 1895 days notice. ' . uonsotirtation.-The new company is to exist until consolidation with we1;e ~led~edfor funds to pay first mortgage coupons due June 1, 1895 t he1r llen 1s subsequent to the 11rsts. V. 61, p. 152, 367. Quincy Omaha & K. c. is effected, when the con~olidated company will BONDS. -Both the first and the general mortgage are to the Central be operated in close connection with the K. C. Pitts. & Gulf and neces'T rust Uompany, as trustee. sary extensions and connections built.-V. 62, p. 41. In December, 1895, the bonded debt and car trusts were as shown in fir " d d f J the table above, and the fl.oa.ting debt, exclusive of receiver's certifl.SALE.-Foreclos~e sale under st morti:,age 1s or ere or an. oates, was $326,000, of which •$76,000 secured by $233,000 general 27, 1896, at Council Bluffs. mortgage bonds [additional to the $2,567,000 shown in the table]. Of STOCK.-Pref. 6 p.c. non-cu., $2,220,500; com., $2,313,000; par, $100. the consols only $200,000 have been executed; they are held as colEARNINGS.-From Jan. l to Mar. :n, 1895 (3 months), gross, $67,330 lateral for car trusts. Car trusts mature about $150,000 yearly in against $121,285 in 1894. For year ending June 30, 1894, gross !fi monthly instalments. See floating a.ebt in v. 62, p. 139. come $155,907; net over taxes $70,564; int. charges, not paid EARNINGS.-8 months, t 1895 ....... Gross, $468,118; net, $154,796 $124,815, defl.cit'for year, $54,251. In 1892-93, gros>1, income, $660, Jan. 1 to A.ug. 31. 51894....... Gross, 429,115; net, 219,856 749; net, $132,669.-(V'. 59, p. 28,291, 836; V. 60, P, 712; V. 61, p. 611, ANNUAL REPORT.-For year ending June 30, 1894, gross earnings 1065, 1108; V. 62, p. 41.) _ were $632,020; net, $214,892; other income, $2,70~. Interest on Oregon & Callfornla.-From Portland, Ore., to California State bonds, $267,175; other interest, ~2,333. Report for 1893 in CHRON . ltne, 367 miles; Albany Junction to Lebanon, 12 miles; Portland to https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUP PLEMENT. 102 [VOL. LXII Sub scribers will c o nCer a great Cavo.r b y giving bn01edlate notice oC any error disco vered i n these Tables. Bonds-Prinol RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size,or pal,When Due. Amount Rate per When . ,vh ere Payable, and by Stocks-Last For ex.planation of column headings, &c., see notes of of Par Outstancling Road. Bonds Value. Dividend. on first page of tables. Cent. Payable Whom. I --- Oregon Railwau cl: Navigation-(ConcludedJ- Consol. mort., gold, $25,000 per mile (see text) c&r 819 Collateral trust, gold,redeemable at 105 ....... c ... 223 Under plan the securities will be: Common stock voting trust certificates ........... ---· Pref. stock, 4 per cent, non-cum., vot. tr. cert .. . --·· Or. Ry.& Nav., 1st M. bonds, g.,s . f., dr'n atlOO.c 819 Consol. mortgage, $24,500,000, gold .............. 1,042 Oregon Sho1·t L. <I: U.Nm·.-Stock,$27,000,000auth. Ore. Sh. L. 1st M., prin. gold, int. lawful money.o* ....... Utah Southern 1st mortgage, currency ........... Utah So. mort., S. Lake to Juab (for $1,950,000) .c io5 Utah South. Extension., 1st M., Juab to Frisco.c 138 Utah & Northern lstmort., $12,000 per mile .. c* -··· Consol. M.,guar., $15,000 p. m.,s. f.not dr'n,g.c* 489 Equipment bonds ($35,000 payable yearll)·· ... Idaho Central 1st mort. Nampa to Boise Ci y .. o* ·19 Con. M., see text, gold, red. at 105 .............. o* 1,482 Collateral trust, go1d (redeemable at 105) guar.c* --- 1885 1889 $1,000 $12,583,000 1,000 5,182,000 -·-· 24,000,000 11,000,000 4,938,000 15,174,000 26,244,853 1,000 14,931,000 1,000 424,000 1,000 1,526,000 1,000 1,950,000 1,000 4,993,000 1,000 1,831,000 1,000 107,000 1,000 131,000 1,000 10,894,000 500 &c. 13,000,000 i879 1895 ---· iss2 1870 1879 1879 1878 1886 1887 1887 1889 1889 ------ i~o·oo ··ioo 5 g. J. & D. June, '93, coup. last pd. June 1, 1925 5 g. M.& 8. Sept.,'93, coup. last pd. Sept. 1, 1919 ------ ...6.g. . --- ....... ...... . ........ J. . ·&:. J. N. Y .• Sec. & Trust Co. Juiy · 1,· "i909 1945 4 g. J & D. New York & Germany. ...6.. .. &.A. Feb:· "i922 Feb., ' 9 5·,°i;c1.: ·:oec. 2,'95. F. Co.'s option 7 .r. & J . Jan., '94, coup.last paid At July 1, 1909 Jan., '94, coup. last paid 7 J. & J. 7 J. & J. .lan.,'94, coup. last paid July 1, 1909 July 1, 1908 7 J. & J. Jan.&J'ly'95pd.Dec.'95 5 g. J. & J. July, 'IM, pd. Jan.31.'95 July 1, 1926 Apr.1,yearly. 5 A. & 0. Apr., '94, coup. last pu. 6 J. & J. Jan.,'9t, pd. Feb.19,'94 Jan. 1, 1917 5 g. A. & 0. Oct., '93, coup. last pd. Apr. 1, 1919 5 g. M. & S. Sept.,'93, coup. last pd. Sept. 1, 1919 1; I . Corvallis, 97 miles; Woodburn to Natron, 93 miles; purchased in 18931 Oregonian RR. and Portland & Yamhill RR.; Portland, Ore., to Airlee, Ore., and branch, 85 miles. Total, 654 miles. L A E c L d to s th p ifi C f fr J ou !3rn. ac c o. or 40 year~ om anuE SE, T .- ease ary I, ;I-887, the lessee guarantee~ng rnterest on _the bonds, a~d the lessor rece1vrng any net profit and bemg charged with any deficit after payment of charges. Betterments are payable by lessor. Pacific Improvement Co. owns the bulk of its $19,000,000 stock, $12,000,000 of which is 7 _p. c. pref.; p~r is $100. Due So. Pac. Co. Jan 1, 1895, $~55,580, ~~::~:e~;40 9e\~~.1894 • So. Pac. guarantees th e bo nd S p, & 1 ' by en- ! BONDs.-Land grant was about 4,000,000 acres, part of which is covered by the mortgage, proceeds of land sales goin~ to redeem boJ?,dS drawn at par, unless purchasa·•le lower. Trus~ee of mortgage, U~10~ Trust Company, 'New York. The Southern Pacific guaranty of prmc1pal and interest is prii,ted on each of the 5 per cents. First 5s for $1,135,000 were listed in N. Y. in July, l 894. rn 1893 net land sales subject to mort. were 19,224 acres for $64,577; cash receipts $21,900. EARMINGS.-In 1894 gross $1,707,175; net, $524,917. In 1893 gross earnings were $1,863,140; net, $569,691 1against $484,929 in 1892); fixed charges, $1,012,523; deficit for year, $442,833.-( v. 58, p. 384; v. 60, p . 1059.) cates were listed on N. Y. Stock Exchange in December, 1894. V. 59. p. 71, 1059. The sale of the collateral securing these bonds was postponed from June 27 to Oct. 29, 1895. Minority Shareholders' Committee is composed of Henry R. Reed, Chairman, Thomas L. Livermore · and Josephs. Fay, Jr. There is also a Berlin committee . address Deutsche Bank Berlin. ' ' ' BONDS.-.First mortgage has a sinking fund ($116,000 in 1892) to buy bonds at or below 110, or else draw them at par on January 1. Collate1·al trust abstract, V. 51, p. 243. FLOATING DEBT on Dec. 31, 1893, was $1,569,4~8, of which $1.094,717 accounts payable and $469,489 coupons unpaid. Assets, $1,160,· 284, including bills ax:.d accounts receivable, $1,120,932. Earnings for the year ending June 30 have been given as follows. !:ee editol'ial in CHRONICLE of sept. 28 18J5. v. 61 p. 536. ' ' _ J-894-95. 1893-94. Changes. Gross ~arlllngs .... . ........... $;J,027,333_ $3,825,18~ Inc.$1,202,144 Operating expenses...... . .... 3,3:28,495 3,360,62 ✓ Dec._ 32,121> Net earnings .............. $1,698,838 $46-1,569 Inc.$1,234,269 ANNUAL REPORTS.-Union Pacific reports have shown: Year. 6'ross earns. Net income. Interest. Divid., etc. Deficit. 1893 ..... $3,868,113 $863,812 $1,184,650 .$1,671,620 $1,992,458 I 892 ..... 4,831,793 1,:'rnl,929 1,076,461 1,809,909 1,564,441 Oregon I01prove01ent Co.- See MISCELLANEOUS COMPANIES. 1891. .... 5,673,172 1,726,046 1,070,367 . 1,782,628 1,126,949 Oregon Railway & Navigation.-East Portland, Ore., to Hunt-(V.59,p.71,153,291,1059;V.60,p.43,li7,349,4ql,523,657,930 ington, Ore., 403 miles; branches 656; total Jan. 1, 1893, 1,059 miles, of which 13 miles narrow gauge. Ocean line to San Francisco, 670 miles. 968, 1147; V. 61, p. 152, 241, 325, 420, 472, 517, 536, 612, 1663, 704, 795,831,872,1013,1155;V. 62,p.41,85. ORGANIZATION.-Leased from Jan. 1, 1887, to the Oregon Short Line Oregon Sll.ort L ine & Utah N o rth ern . - Owns Granger, Wyo. & Utah Northern RR.; rental 6 per cehtper an. on stock and Interest on bonds. This lease (see abstract V. 45, p. 539) was guaranteed by the U. to Hun111ngton, Ore., 542 miles; branch to Ketchum, Idaho, 70 miles; Ogden to McCammon, Idaho, 111 miles; Pocatello to Silver Bow, MonPac. 'The 0. Ry. & Nav. Co. stock ($13,827,200 par value) deposited as collateral for O. S. L. & U. N. coll. tr. 5s of 1919, was sold at auction tana, 256 miles; Lehi Junction to Tintio, Utah, 54 miles; Ogden, Utah, to Frisco, 275 miles; sundry branches, 117 miles (t>f which 40 miles June 25. 1895, to the bondholders' committee of the coll. tr. 5s for narrow gauge); total, 1,425 miles. Also owns but leases to the Montana. $1,700,000.-V. 60, p. 1147. Union Ry.t Silver Bow, Idaho, to Butte, Garrison, Mont., etc., 57 miles. RECEIVERSHIP, ETC.-On July 3, 1894, E-. McNeill took charge as Also leasea and controlled the Ore. R. & Nav. Co., which see above. separate receiver. V. 58, p. 1110. Receiver's certificateR for $750,000 ORGANIZATION.-l!'ormed in 1889 by a consolidation of the Oregon were authorized in 1894 but none issued to June 22, 1895. Short Line, the Utah Northern and other lines. It was controlled by the S.\.LE.-Foreclosure sale under the consol. mortgage deferred. Case Union Pacific Railway Co, which operated it under a traffic agreement. will come up in Court of Appeals dm:ing the winter. V. 61, p. 663. RECEIVERSHIP.-On Sept. 6, 1894, the receivers of Union Pacific Washington & Idaho RR. mortgage for $4,616,400 was under foreclosure in -·eptember, 1895. The bonds are deposited under O. Ry. & were appointed receivers Jor Oregon S. L. & Utah Northern. In .ranuN. coll. trust mortgage of 1889. V. 61. p. 472. Security pledged for ary, 181:16, foreclosure suit under the consol. mortgage of 1889 was collateral trust !Jonds is to be sold Feb. 6', '96. (V. 61, p. 517, 612, 704.) pending.-(V. 61, p. 113, 241, 612.) COUPON PAYMENTS.-Jan. anrl July, 1895, coupons on U. & N. lirst 7s REORGANIZATION PLAN.-The plan of the Gen. Reorg. Committee wa;:1 given in V. 61, p. 325, and a proposed modification thereot' in V. were paid Dec. 6, 1895. V. 61, p. 1013. Februar.v, 1895, coupons of 62, p. 41. The plan was approved by substantially all the bondholders Oregon S. L. jt1•sts were paid Dec. 2, 1895. See V. 61, p. 1013. Apbut its consummation was delayed by the appeal in the foreclosure plication to pay interest due An gust 1, 1895, on Oregon Short Line suit taken by the minority stockholders. In January, 1896, it was first 6s was made in January, 1896. thought foreclosure sale would soon take place and tbe reorganization CAPITALSTOCK.-Stoekauthorized $27,000,000 (par, $100); outstand· be completed. The plan provides for the i,sue of the securities shown in the table ing $26,244,853, of which Union Pao. Jan. 1, 1895, owned $15,116,703~ pledged as part security for the U. P. collateral trust notes of 1891. above. 'l'lle voting trust in which the stock will be held it is proposed Rhall termiuate May 1, 1906, or earlier, as stated in V. 62, p. 41. Of FLOATING DEBT.-Jae. 1, 1894, $5,878,674, of which $3,389,858 due tlw $24,500,000 new consols, $15,174,000 will be used in connection U.P. Assets-Company's bonds, $1,567,011; accounts receivable,$251,with tbe retirement of the old consols and collateral trust bonds, 986: net floating debt, $4,059,677, against $3,306,220 Jan. 1, 1893. $5,390,000 will be reserved for retirement when due of the firsts of Utah & No equipment 5s instalment of principal due April 1, 1895, 1879, $1,106,000 will be used for betterments, etc., and $2t830,000 $35,000 was not paid when due. ror the construction. if deemed advisable, 01' additional roan to the mouth or the Columbia River or elsewhere at the rate of not more than BONDHOLDERS' COl\lllUTTEES.-New Consolidated Mortgage nommitte • $20,000 pe1· mile of constructed road. The old stock and bonds, with -Formed in December, 1895; Samuel Carr, Chairman (Trustee of all overdue coupons on, will be exchanged for new securities as fol- estates of F. L. Ames and the late Governor Ames), Alexander E. Orr, lows; the stock first, however, to pay an assessment as below indicated: (President of the Chamber of Commerce, New York), Nathaniel Thayer, PAY r-AND RECEIVE IN EXCHANGE~ Gardiner M. Lane (of Lee, Higginson & Co.), w. G. Oakman (Presiden~ ASSESSOommon p 1•ef, oonsol of the Guaranty Trust Company of New York); A. A. H. BoisseHOLDERS OF OLD SECUR. MENT. Cash. stock. stock. 4s · vain (representing the Dutch committee), Gordon Abbott Vice-.1:'resiConsol 5s, each $1,000 . ..... none. 'IT$25 none. $450 $1 ooo dent of the Old Colony Trust Company), u-. P. Butler, Secretary. The Collateral trust 5i,, $1,000 . .. none. none. none. 700 '500 ' comcnittee is formed to represent all interests and its organizat10n will Common stock, $100. • • . . . . . . $6 none. $100 t6 none. result in stopping litigation. The committee will soon issue a plan of reorganization.-(V. 61, p. 1108.) (f For coupon of Dec. 1, 1893. t For assessment. Oregon Sh01•t Line first mm·tgage 6s-Committee: R. C. Martin, Chair· COUPON PAYl\lENTS.-.First mortgage interest due Jan. 1, 1895, was man, 50 Broadway, N. Y .; John Bigelow, Cyrus J. Lawrence, Bernhard paid when due at N. Y. Securit;v & Trust Co. Dec., 1893 consol. mort- Mainzer and Gordon Abbott; Secretary, G. P. Butler, 54 Wall Street. gage coupons were not paid, lmt m March, 1894, Deutsche Bank, Berlin, N. Y.; depositaries, Central Trust, N . Y., and Old Colony Trust, Boston. announced that it would purchase the-m. In October, 1895, $10 ,760,000 firsts had been deposited. (V. 59, p. 28 • BONDHOLDERS' COMMITTEES.-Genm·al Reorganization Oommittee.- 117, 192, 319. Consolidated 5s of 1919-Committee: S. Endicott Peabody, chair AlfJ ed S. Heidelbach, W. L. Bull, George Coppell, 0harles S. Fairchild, Arnold Marcus, John Crosby Brown, A. A.H. Boissevain. Henry R. man; W. G. Oakman, W. S. Fitz, George C. Lee, Howland Davis, BarReed. thold Schlesin~er and Francis S. Bangs; Secretary, N. W. Jordan, ExConsolidated bondholders' committee: Alfred S. Heidelbach, 29 Wil- change Buildmg, State Street, Boston; depositaries, N. Y. Guaranty liam Street, N. Y •..z~Chairma.n , W. T. Bull, George Coppell, Charles S. & Indemnity Co., N. Y., and American L. & T . Co., Boston. A commitFairchil<i und A . .ornrcus, with Howard C. Tracy, Secretary, 4-1 Wall tee in Amsterdam will co-operate. V. 59, p . 71. Street, N. Y. Depositary, N. Y. Security & Trust Co., 46 Wall St., N. Y. Collateral T1·ust 5s of rqrq.-Committee: W. G . Oakman, W. S Fitz -(V. 57, p . 980, 1040, 1084. V. 58, p . 942.) George C. Lee, Howland D:1,vis, Barthold Schlesin&"er and Francis s. Ooll. trust bondholders' committee : J. Crosby B rowl_!z J ames J ackson Bangs, Chairman; George M . Lane, Secretary; aepositaries, N. Y. and Robert Fleming; depositary, U.S. Trust Co., N. l'.., whose certifl.- Guaranty Trust Co. of N. Y., and American L. & T . Co., Boston. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MAP OF. w THE PECOS VALLEY y G1·ee11 lti1; , 81 ... ~ ~ UNION SHOWING THE PECOS VALLEY RAILWAY · AND IRRIGATING CANALS AND THE. LANDS WA T ERED BY THEM . 10 - Scale of Miles 2.0 3!) INDICATES IRRIGATED 4 0 0 ,0 00 ACRES , {0 L ANDS y ~ "11.~ / ~ rr.. ...; 0 >,.. t\,.T y '\ J eSurpr"i$'J.!,,,. t:0 ua ~.qerman Rel@;.voir ( ' Capacity 11,@[jfJOO cu.ft, l4,. ,~11:~,,._,_'I 00 \"'~;i'm,,~" ' . ~ I ~ '-'~'~Ill'" I ~ T E « 'v ~ t,. ·r,ii,I -I>; vo.,d'· -<!>o,,,❖ .;,"o.;,¢ 1;;, c?o ,,. 0 T EXAS & // /' /' /' J E F F https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ,,,, . ' D A V I S ''-., ~ s ~ f t"' ./ M ,.t:: JANUARY, IO;J RAILROAD STOCKS AND BONDS. 1896.J Subscribers -will confer a great favor by giving Immediate notice of any error discovered In these Tables. Bonds-Prtno1 INTEREST OR DIVIDENDS. RAILROADS. Due. Miles Date Size, or Amount Rate per When Where Payable, and by pal,When Stocks-La.st of Par r'or explanation of column headings, &o., see notes of Outstanding Dividend. Road. Bonds Value. Cent. Payable Whom. on first page of tables. --- --- - - --- - - - Pennsylvania-( Oontiniied.)- Navy Yard mort. (extended 20 years in 1881) ... r Collateral trust load'. gold, not drawn ...... . .... o• Equip. Tr. gold bon s (s. f. 5 p.c.) notdrawn .... o" Penn. Car Trust (in series .Payable l Io yearly) .... Penn. Eauip. Trust (in series payable llo yearly). Penn. Rolling Stock Trust (1-10 payab e yearly). Del. Ave. Market 1st mortgage............... . - .. r Delaware Ave. Bloodgood property.............. r Penn. RR. real estate purchase money gold M.c*&r l'e11mstvania OomJm;-stock ...................... Bon s,seo. byP. t. .&C. stock (s.f.dr'natlOO).r Bonds, gold, seo. by pl'ge & guar. (not dr'n) .. c*&r Car trusts . ..... .... ...........•.................... Pennsylvania cf: Northwestern-Stock, $2,500,000 .. Bell's Gap Extension 1st mortgage .....•....... c" Consol. mort. (for $550,000) s. fund not dr'n.c* Clearfield & Jefferson 1st mortgage ............. c* General mortgage for $2,500,000 ....... ·····-··c* Car trusts, $87,000 duo yParly ................... Peoria cf: Bu1·eau Val.-Stk., 8 p. o. rent'l C. R.I.&P. Peo. Decatur ct: Evansv.-lst M.. (Peoria Div.), g .. o .. ·ut m. (Evansv.Div., Mattoon to Evan,;1ville,) g.c* Secpnd mortgage, gold .......................... o* Chicago & Ohio River Div. 1st mort. (see text.) .. Income mortgage, $750,000 ..........•.......... . ... .... ---· ---· .... .... --- 1881 $5,000 1883 1,000 1889 1,000 1884-8 1,000 '86-91 1,000 1892 1,000 1889 5,000 1892 1,000 1,000 1893 50 1,000 1,000 1881 $1,000,000 Phila., Co.'s Office. 5 J. & J . 9,900,000 412g. J. & D . Phila.,Provid'tL.&T.Co. 2,728,000 4 g. M. & S. Phila., Gir'd Life &c. Co. 100,000 Quar'ly. Phila.,Provid'tL.&T. Co. 5 3,787,000 4 i - F . Phila.,Tr.8.D1}!.&I. Co. 3,070,000 4 uar. Phila.,Gir'dL' e&c.Co. Philadelphia. 300,000 4 3 10 M.& 8. 200,000 Philadelphia. 4410 M. & 8. 2,000,000 N. Y., Farmers' L. & Tr. 4 g. M.&N. 21.000.000 See text. Pittsburg, Co.'s Office. Q~.:..:j, Phila., Tr. S. D. & I. Co. 519,000 6 19,467,000 412g. J. & J. N. Y., Nat'l City Bank. .... ···50 2,114,320 4 Various 2,250,000 See text. J. & J. Phila., Gu.Tr. & S. D.Co. 1,000 81,000 F. & A. Phila., 105 S. Fourth St. 6 1883 500 &c. 148,000 A. & 0. Phila., Gu.Tr.&S. D.Co. 6 1886 500 &c. 1,000,000 do do J. & J. 6 1,000 1890 1,021,000 J. & J. Phila.,Gu.Tr.&S.D.Co. 5 .. .. 4»7,000 1,500,000 8 p'er.an. F ...&..A. N.Y. ,rni.:.1i'.i::i·.rac. RR . 1,000 1,287,000 6 g. J. & J. July,'95, pd.Dec. 26,'95 1,000 1880 1,470,000 6 g. M. & 8. Mar.,'95, pd.Au .3o,'95 1,000 18R6 2,088,000 ~ g. M.&N. Nov., '93, coup. ast pd. 1886 500 &o. 250,000 See text. M.& N. 1886 ........ 618,300 6 ·······--· ····- ---· ------· ---· i877 ------· . 62 24 is15 24 38 62 ---- 47 108 128 244 77 77 isso ··ioo 1 Jan. 1, 1901 June 1, 1913 Sept. 1, 1914 1895 to 1898 1896 to 1901 1902 Mch. 1, 1909 Sept. 1, 1912 May 1, 1923 June 1, 1894 July 5, 1907 July 1, 1921 Various dates. Ja.n.10, 189:S Aug. 1, 1905 Apr. 1, 1913 Jan. 1, 1927 Jan. 1, 1930 Mar., '96 to '03 Feb., 1896 Jan. 1, 1920 Sept. 1, 1920 Nov. 1, 1926 1916 1916 r INCOME ACCOUNT OF PENNSYLVANIA RAILROAD COMPANY. Yea1· ending Dec. 311894. 1893. 1892. NetincomePenn.RR. Div'n $8,779,258 $10,296,248 $10,794,260 Net loss or ~ainonN. J. Div. profit 679,461 loss 194,529 loss 299,199 Gain on Ph1la. & Erie Div.. 11,400 profit 14,716 profit 10,849 Balance of income .....• Payments-T(') trust fund Consol. mortgage redeemed. Allegh. Val.RR.Co.-Detio'y Extraordinary expenses ... . Balance to credit of income Dividends ..••.•.....•...•.•. To credit of profit and loss. Bal.in set'm't of claims, &o. $9,470,120 74,340 324,780 325,980 1,385,272 $10,116,435 73,855 324,780 242,975 2,163,210 $10,505,910 89,179 324,7~0 1,263,137 $1,677,096 $2,110,372 $2,804,820 7,311,615 8,828,814 7,359,748 (5) 6,464,647 (5) 6,400,5(l8 (6) 7,606,456 $895,099 Balan.ce .... _. ········-·$895,099 Bal. profit and loss Dec. 31. 11' $23,155,632 $911,107 +1,640,673 $2,551,780 $26,478,151 $1,222,358 +904,669 -$2,127,027 $26,461,860 11' Charged office in 1894, in adjustment of United N. J. RR. and Phila. I C01n1nittee of Foreclosure and Reorganization.-Moses L. Scudder, Chairman; Charles S. Fairchild, J enkins Van Schaick, R. Suydam Grant, W. H. Payne; depositary, N. Y. Security & Trust Co., N. Y. See V. 60, p. 930, Ll06. In Sept., 1895, $1,525,01 ,0 seconds had been deposited. In January, 1896, 1he early foreclosure of 2d mort. was ex• pected. V. 62, p_ 85. Minority Stoclcholden.-This committee was formed in September, 1895, and consists of Robert Maclay, President of the Knickerbocker Trust Company; Geo:i:~e W. Quintard, Vice-President of the Eleventh Ward Bank; Edward v. J,oew, President of the ew York Real Estate Company; William F. Owen, and Hem·y Aitken. (V. tH, p. 517.) Stock is $8,400,000, par $100. FLO.A.TING DEBT.-On Dee. 31, 1894, total current liabilities were $1,510,026, including bills payable $808,591 (of which $473,000 were notes payable to- Evansville & T. H. RR.); accrued interest (1st and 2d mortgages/, $254,215, etc. See V. 60, p. 604. EARNINGS.-11 months, 51895, gross, $833,978; net, $270,246. Jan. 1 to Nov. 30. <1894, gross, 780,687; net, 199,804. REc1nv1ms' REPORT.-Report for year ending Dec. 31, 1894, in V, 60, p. 604. Int,erest on 2d mortgage (which was not paid) and interest due but not paid on flo ating debt is not included for le94 below. Gross. Net. Interest. Rent.,cf:c. Balance. & Trenton accounts, $4,217,620. $173,430 $30,854 def.$43,064 -(V. SO, p. 412, 4i9 433, 8':"2; V. 61, p. 28, 69,196, 472,7~5; V. 62, 1894 .... . ..... $861,162 $161,220 1893 ........ .. 922,181 346,629 313,885 37,790 def. 5,046 ,p. 138.) PreAident (elected in November, 1895), Wm. E. Strong, ot New York Pennsylvania Com pany.- Chartered in Pennsylvania April 7 1870, and operates all the Pennsyl~ania's leased lines west of Pittsburg. -cV. 59, p. 153, 291, 372, 423,552, 601, 1104, 1142; V. 60, p. 350 Its stock is owned by tbe Pennsylvania.Railroad. On Dec. 31, 1894, the 604,930, 1059, 1106; v. 61, p. 282,367,431,472,517, 569,612,831 Pennsylvania Company owned sundry bonds having a par value of 1108; V. 62, p. 85.) :$10,070,000, and stocks of par value of $58,787,0d8, these stocks and P eoria & Eastern.-( See Map Olev. Cin. Ohic. cE St. Louis.J-Owns bonds representing on the company's books a value of $36,839,087 trom Pekin, Ill., to Indiana:volis, Ina., 202 miles, and has a lien of $5,and yielding from Jan. 1 to Dec. 31, 1894, an income of $1,595,162. 000,000 on Springfield DiVIsion, Indianapolis to Springfield. Ohio, 141 Of these securities part are pledged as said below. miles; trackage, Pekin to Peoria, 9; total operated, 352 miles. DIVIDEND!il,-In 1883, 4 per cent; then none till 1892, when 4 per LE.A.SE, ETc.-Formerly Ohio Indiana & Western, sold in foreclosure -0ent was paid in March; in 1893, March, 4 p. c.; in 1894, June, 4 p. c. in 1890, reorganized per V. 49, p. 616, and leased till Apr. 1, 1940 to BONDS.-Six p. c. bonds are secured by $4,000,000 of Pitts burg Fort Cleveland Cincinnati Ch. & St. L., which guarantees interest, 1out Wayne & Chicago special stock. If not o/]ered under sinking fund n ot principal, of the first consols, and owns one-half tee $10 000,000 _provisions at 105 they are d1·awn at 100. The gold bonds of 1921 stock, par $100. See SUPPLEMENT of Jan., 1894, as to provisions resare seoure<l by a deposit in trust of the leases of the Pittsb. Fort Wayne pecting any surplus over charges. & Chio., the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds BONDS.-The consolida~d mortgage of 1890 covers, besides the road and stocks having a J>ar value April 1, 1881, of $24,171,630, as well .as by lien on certain real estate. They are also guaranteed ownea, the $5,000,000 purohaAe money lien on the Sprinp:tleld Division; $1,500,000 are reserved to retire the 'i)rior liens and a sinking fund for .as to principal and interest by the Pennsylvania Railroad Com• pany, and are so endorsed; the tri111tees of the mortll:age are W. H. this purpose held$ L00,000 on June 30, 1895; C. C. C. & :-t. L. is endorser on $367,567 P. & E. notes and June 30, 1895, held $397,00'0 Barnes, John P. Green and Henry D. Welsh. In 1892 and 1893 the company guaranteed certain Pittsburg Cincinnati Chicago & St.Louis bonds. oonsols as security therefor-these in addition to the $8,103,000. S1-1e abstracts of mortgal;{es of 1890 in V. 51, p. 246 and of O. Ind. & EARNINGS.-The total mileage operated or controlled by tWs company Western mortl{age, V. 47, p. 201. Due lessee July 1, 1895, $893,563. Dee. 31, 1894, was 3,967-operated directly by Pennsylvania Co. 1,248 EARNINGS.-5 months, 5 1895, gross, $881,100; net, $221,630. miles. In year 1894 gross on 1,248 miles, $17,904,422; net, $6,380,July 1 to Nov. 30. <1894, gross, 732,129; net, 184,298. 134; charges, $7,067,610; balance, deficit for year, $n87,476. In Surplus over charges, $37,622, against surplus of $290 in 1894. 1.893 gross, $21,681,237: net, $7,930,662. In 1892 grosA, $22,506,656. ANNUAL REPORT.-Fiscal year ends June 30. Lessee reports "the Income account has shown after pay •nent of all obligatory charges: In 1889, net profit, $727,802; in 1890, net protit, $1,081,958; in 1891 great improvement in results for 18l:14·5 as d u e to the better physical net profit, $1,725,938; in 1892, profit, $1,229,974; in 1893 profit, condition of the line and to better rates." oee V. 61, p. 567, 568. :$1,050,476; in 1894loss, $687,476. \V. 60, p. 82,873, 1010; V. 61,p. 71.i Year. Gross. Net. Inte1·est, etc. Balance. $463,9:'l8 $441,620 sur.$22,318 P ennsylvania & Nortl1western.- Owns Bellwood, Pa., to 1894-5 .............. $1,811,740 1893-4 .............. 1,609,806 177,190 441,620 def.264,430 Horatio, 62 miles; total, including branobes, 75 miles. A consolidation 1892-3 .............. 1,740,502 2n,352 441,620 def. 169,268 Jan. 1, 1890,ot the Bells Gap and Clearfield &Jefferson roads. -v. 61, p . .567,568. DIVIDENDS.-In 1890, 5 p. o.; in '91, 5; in '92, 512; in '93, 6 p. c.; in 1894, J an., 2 p. o.; in July none; in 1895, Jan., 2 p. c.; July, none; in P eoria & .Pekin Unlon.-Owns from Pekin to Peoria, 10 mile on each side of Illinois River; total operated 20 miles ; also owns '1896, Jan., none. BoNDs.-Of the $2,500,000 general mortgage bonds sufficient are held about 50 ::r...iles of sidings. The road is a union road. and the stock of $1,000,000 was taken by the different Peoria RR. companies, and they -to retire the prior issues. when due. pay: a rental and also terminal charges. See V. 3fl. p. 253. In 1895 EABNINGS,-In year 1894 gross, $465,094; net, $181,198; interest, paid dividend of 6 p. c, Annual report for year ending Deo. 31, 1894, $128,097; dividends, $45,000; balance, surplus, $8,101. In 1893, was in V. 60, p. 521. .g ross, $612,535; uet, $171,380. (V. 59, p. 1008.) Yea1·. G'ross. Net. Rentals 1·ec'd. Interest,cEc. Bal.,sur • .Penn. Pough k. & Boston.- See LEHIGH & NEW ENGLAND RR, 1894 ....... $380,232 $112,019 $161,689 $195,320 $78,388 P eoria D ecatur & Evansvllle.- Owns from Pekin to Evans- 1893 . ...... 401,521 94,702 l/J8,867 192,915 60,654 ville, 227 miles; branch, 6 mlle11: Chicago & Ohio River Division, Sidell 1892 -• -• -• • 398,012 118,710 151,095 190,677 79,128 to West Liberty, 78 miles (laid mostly with iron rails); total owned, -v. 59, p. 1104; V. 60, P, 521. .311 miles; joint track to Hervey City, 7 miles; leases, Pekin, ill., to Perklornen.- Owns from Perkiomen Junction, Pa., to EJmaus Juno Peoria, Ill., 10 miles; through Decatur, 3 miles; total, 331 miles. tion, Pa., 39 miles. Stook subscription, $38,040. Beo?:garuized in 1887 HISTORY.-Company owns $250,000 Peoria & Pekin Union stock. I There is due Phil. & Read. RR. on ioiJIII ac<:ollll.Ti upwards 01 $900,000 The P. D. & E. owns $220,000 of the $250,000 Chicago & Ohio R. tirsts I In year end. June 30, 1895, gross earnings werP $295,835; net, $116-0utstanding, as in table above, and has issued as collateral an order 954; other income, $858; interest, $96,230; bali:4nce surplus, $21,482. for $100,000 additional Chicago & Ohio R. firsts unissued. In 1893·94, gross, $290, 7771; net, $100,258. RECEIVERSHIP, ETn.-On January 3, 1894, placed in receivers' P etersburg.-Owns Petersburg, Va., to Garysburg, N. C., 59 miles• hands. The receivers am E. O. Hopkins and E. P. Huston. rents Garysburg to Weldon (Seaboard & Roanoke), 2 miles; total, 61: COUPON PAYMENTS.-~ee table for the date of last coupon paid. Reorganized in 1877 without foreclosure. Preferred stock is -Central Trust Co., N. Y., when authorized, pays coupons of P. D. & E. guarantet>d 3 per cent yearly, then common receives 3 per cent, then Col\lMITTEES.-Fi'l'st m ortgage bondholders' committee (both divisions) both stocks share pro rata. Dividend on each stock in 1892, 6 per cent. -0on'4ists of Walston H. Brown, Chairman, 40 Wall St.; Wm. Augustus in 1893, 6 p. c.; in 1894, 512 p. c.; in '95, 6 p. c.; in 1896, Jan., 312 p. o'. EARNINGS-5 months, 51895, gross, $234,450; net, $101,072. White, 130 Water St.; E. H. Ladd, Jr., Morton S. Paton, Charles A.. Pea"body, Jr. Depositary, Atlantic Trust Co., N. Y. V. 58, p. 514. July 1 to N'ov. 30. <189-!, gross, 203,304; net, 94,075, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis m ~ I ---- MAP OF THE PENNSYLVANIA R. R. SYSTEM-. ~ 0 r ~ ..-➔ ~ JANUARY, 1896,] RAILROAD STOCKS AND BONDS. 107 Subscribers will conCer a great favor by giving ilntnedlate notice of' any error discovered In these Tables. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prinot• - - - - - - - - - - - - - - - - - - - - - - 1 Miles Date Size, or A.mount - - - - - - - - - - - - - - - - - - pal,When Due. For explanation of column headings, &c., see notes of of Par Outstandina Rate per When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. ° Cent. Payable Whom. Dividend. Peoria ~Eastern-Stock .•.. . ........•••.••......•..•. Ind. Bloom. & West. 1st M., pref., int. guar ... c&r Ohlo Indiana& West. lstM.,pref.,gold, int. gu.c~ P. & E. consol. M. $10,000,000, interest guar .. c* 2d consol. mortgage,income, non•cumulative ... c Peoria~ Pekin Union-1st mortgage, gold .. ...... c 2d mortgage, gold ..............................•.. (\ Per/Ciomen-lstM., ser. I (1st l'n) gold, ~u. p. & i.cw 1st M., ser. 2 (2d l'n) gold, guar. p. & 1. (end.) .. c* Petersburg-Stock .... .......•.........•............. . Guar. pref. stock, 3 per cent, lien prior to mortg . 1st mort. (payable $25,000, due yearly Jan. l)c&r Mort. bonds, class A, $50,000 reserved for 1st M .. ~ortgage bonds, class ~ ........ ......... ......... . Phil.&Batt.Cent.-lstM.$2,500,000,$1,200,000412s Phila. & Ohester Val.-lst M., pref. ($480,000) g.c* 1st mort~age, not pref., $100,000, gold......... c* Phila. & Erie-Common stock ($10,000,000 author.) Preferred stock, 7 p~r cent, special. ......••...... Bun. & E. lst M., (ext. in 1877) . ............... c&r General mort., gold, guar. p. & i. by Pa. RR ..... c Gen. mort., gold, guar. P.· & i. ($5,263,000 are 5s) .r Phila. Ge1-m. & OhestnittHill-lst M., gu. by Pa. RR.r Consolidated mortgage, gold ..•................. c • Phita. Germ.&Norrist'n-Stock rental., P. & R. RR. Ph~la. Harrisbur g & Pittsburg-1st mort., ~old.c*&! Phil.Newtown&N. Y.-lRtM.,gold,gu.p.&1.(end.)c Philadelphia & Reading RR.0 Jd BONDS UNDISTURBED Hl REORGANIZATION. 1st M., ext. in '60, Philadelphia to Pottsv. $&£ .. c Mortgage loans of 1844, 1848 and 1849 ........•. c Mortgage loan of 1857 convertible ............... c Mortga,z;e loan of 1868, ,z;old, extAnilArl in 1~!-l::l .. c $100 $10,000,000 . ·7. J.--&.. J. N.Y., J.P. Morgan & Co. 100 &c. 1,000,000 1888 500 &c. 500,000 do do ~ g. Q.-J. 1890 1,000 8,103,000 A. & O. do do 1,000 April 1 N. Y., when earned. 1890 4,000,000 4 1,495,000 1881 1,000 6 g. Q.-F. N. Y., Central Trust Co. 1881 1,000 1,499,000 do do 412g. M.&N. 1888 100 &c. 799,600 5 g. Philadra, Co. I1a~ on L. .-J. 1888 1,000 1,125,000 5 g. 100 Richmond. 960,800 See text. J. & J. ... .. 100 323,500 See text. J. & J. d.o 5 0,000 1869 500 &<l. J. & J. Richm'd and Petersb'g. 8 1881 1,000 868,000 J. & J. do do 5 A. & O. rlo 1881 1,000 800,000 do 6 1881 1,000 2.200,000 412 &5 M.&N. Phila., Penn. RR. Co. 280,510 1888 500 5 g. A. & 0 . Oct., '94, coup. last pd. 500 100,000 1888 4 g. A. & 0. Oct., '94, coul)· last pd. 50 7,985,000 See text. Pllila., Broad St. Sta. ... .. do do 50 2,4,0 0,000 7 per an. Yeai-iy. 1,000 is57 A. & 0. Phila., Penn. RR. Co. 976,000 7 1869 1,000 8,680,000 6 g. J. & J. Phil., Pa. RR. & London. 1869 1.000 10,143,000 4g.&5g. A. & 0. Phila., Penn. RR. Co. 1;000 1R83 1,000,000 412 M.&N. Phila., Penn. RR. Office. 1,000 1894 412g. M.&N. Phila.,Penn. RR. Office. en 50 2,246,900 Q.-M. Pllila., 132 So. 3d St. .. . 12 1,000 500,000 1890 5 g. A.&O15 Phila., Comp'y's otttce. 1,600,000 1892 1,000 5 g. A.. & 0. Phil., Phil. & Read. RR. 202 i879 342 202 202 20 20 38 38 59 59 59 59 59 73 ...... ---- 287 287 40 287 ~87 7 ·--· ~9 44 22 a.-J. ---· 94 1843 $&£ 94 1844•9 1,000 1857 500 &c. 1,000 1868 i¥s ANNUAL REPORT.-Report for year endin,r June 30, 1895, in V . 61, p. 1062, showed gross earnings, $512,986: net, $187,436; other income, $12,900 ; interest charges, $96,400; dividends, $77,058; balance, sur• plus, $26,878. In 1893·94, gross, $507,999; net, $152,982; other in· come, $3,058. lV. 59, p.1056; V. 61, p. 1062.) Philadelphia & Halthnore Oentral.-West Philadelphia to Octoraro Jc., Md., 63 miles; Wawa to West Chester, Pa., 9 m. (double track, 12 m.); branch, 1 m.; leased, Ch.is~r Creek RR., 7 m. Phila. Wilmington & Baltimore Railroad holds $2,496,950 of the $2,499,286 stock, and road is a part of Pennsylvania system. Fiscal year ends Oct. 31. For 1893·94 gross earnings, $953,693 ; net, $250,407; sur• plus ahovP charges, $111,049, incl. interest on deposits, etc., of $25,116. In 1892·93 gross, $958,622; net, $166,128. In 1891·92 net, $211,442. PhiJadelphla & Chester Valley KK.-Road from Bridgeport to Downington, Pa., 22 miles. Chartered in 1888. Capital stock (par $50) is, common, $550,000; preterred, $205,100; total, $755,100, of which Phil. & Read. owns $452,700 common and $205,100 preferred, the same being deposited under t,he P. & R. coll. trust deed of 1802. Bonds are guaranteed principal and interest by Phil. & Reading RR. but interest due April 1, 1895, was not paid. V. 60, p. 607 EARNINGS.-For year ending June 30, 1895, g ross, $47,667; net, $2,286; charges, $21,041; balance, deficit, $18,755. In 1893·4, gross $46,683; deficit under opera.ting, $6,317; interest and taxes, $18,392. Philadelphia & Erle.-( See Map Pennsylvania RR.)-ROADOwns Sunbury to Erie, Penn., 287 miles-double track, 78 miles. ORGANIZATION, LEASE, &c.-Formerly Sunbury & Erie. Leased to Pennsylvania RR. Co. for 999 years, and actual net receipts paid ai, rental. Pennsylvania RR. owned Dec. 31, 1894, $3,501,800 common and $2,400,000 special stock and $3,946,000 general mortgage bondt1, and city of Philadelphia (sinking fund) $2,250,000 common stock. DIVIDEND11.-On co~mon in 1892, Mar., 2 p. c.; 1894, March, 2 p. c. EARNINGS.-11 mos., { 1895, gross, $4,037,139; net, $1,177,099. Jan. 1 to Nov. 30. 51894, gross, 3,685,343; net, 990,682. ANNUAL REPORT.-Report for 1894 was in CHRONICLE, V. 60, p. 390. Year end. Dec. 311894. 1893. 1892. 1891. Gross earnings ..••....... $3,965,196 $5,104,879 $5,256,551 $5,201,361 Total net income ...•••... $1,020,411 $1,546,783 $1,516,571 $1,702,985 Interest orr debt .. .......• $1,047,470 $1,042,470 $1,042,470 $1,042,470 Interest on special stock. . ......-: 168,000 168,000 168,000 Interest on equipm't, &c . 118,124· 128,827 132,307 164,003 Bal. (see divs. above) .. def.$145,183 $207,486 $173,794 $328,512 -(V. 58, p. 343; V. 60, p. 303,39 0 ; V. 61, p. 517.) Philadelphia Germantown & Cliestnut Hlll.-In Phlladel· phia trom Germantown .Junction, on Connecting Railway, to Chestnut Hill, 7 miles: b r anches, 7 miles. From May 1, 1883, loascct for 30 years to the Pennsylvania, Railroad Co., which guarantees principal and interest on the bonds, and Jan. 1, 1895, $1,262,750 of the $1,263,000 outstanding stock. Authorized stock $2,000,000 (par, $50). Of the consol. mortgage for $2,000,000, $1,000,000 reserved to retire firsts of 1883. Interest free of all taxes. Yross earnings in 1894, $249,568; net, $80,669; inter~st on bonds . $'15,000; other charges, $29,379; bal., surplus, $6,290. In 1893, gross, $259,038; net, $99,800. (V. 59,p. 880.) Philadelphia Germanto-w-n & Norrlsto-w-n.-Phlladelphia,, Pa., to Norristown and Germantown, Pa., 20 miles; Plymouth RR., 9 miles; Chestnut Hill RR., 4 miles; total, 34 miles. Leased November 10, 1870, to Philadelphia & Reading Railroad for 999 yea.rs at a, rental of $269,623 and $8,000 yearly for organization expenses. Dividends are 3 per cent quarterly (12 per annum), but in Ma rch and September, 1893, only 212 p. c. each was paid on account of certain losses. Ph1Jadelpl1la Harrl8burg & Plttsburg.-Owns from Harris· burg, Pa., to Shippensburg,on the Western Maryland Railroad, 41 mileis; sidings and laterals 14 miles. Opened in April, 1891, and leased for 999 years at 5 p. c. on stock to the Philadelphia & Reading, which by en• dorsement on each, guarantees the bonds, principal and interest. The rental covers interest on bonds, taxes and expenses. Stock, $2,000,· 000 (par, $50), of which $1,982,300 owned by the Phil. &. Read was deposited under coll. trust deed of 1892. Mortgage is for $2,000,000. Philadelphia & Keadlng.-LINE OF ROAD-Owns main line, Philadelphia to Mount Carbon, Pa., 98 miles; branches owned, 229 miles; (second track, 168 miles; total tracks owned, includina sidings, etc., 926 miles); leased lines, 554 mHes; roads controlled, 289 miles; wtal operated November, 1893, 1,170 miles. HISTORY, LEASES, &c.-Chartered April 4, 1833. Receivers were in possession from May, 1880, to February, 1883, and from June, 1884, to January , 1888. In February, 1886, reorganized without foreclosure. Voting trust expired A.ug. l, 1892. The Central of New J ersey and the Lehigh Valley systems were leased early in 1892, but in August, 1892, the lease of the Central, and in August, 1893, that of the L ehigh Valley, was terminated. RECEIVERSHIP.-On Feb. 20, 1893, receivers were again appointed Receivers are J. Lowber Welsh, Judge E. M. Paxson andJ oseph S. Harris· REORGANIZATION Committee is composed of F. P. Olcott, Chairman. Adrian Iselin, Jr., J . Kennedy Tod, H enry Budge and Thomas D enny, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1,512,700 954,000 79,000 2,696,000 6 6 41g 5 g, J. J. J. A.. Jan.~·1;·i900 A.pr. 1, 1938 A.pr. 1, 1940 A.pr. 1, 1990 Feb. 1, 1921 Feb. 1, 1921 Jan. 1, 1918 Jan. 1, 1918 Jan. 2, 1896 Jan. 2, 1896 Jan.,1897·'98 July 1, 1926 Oct. 1, 1926 Nov. 1, 1911 A.pr. 1, 1938 Apr. 1, 1938 Moh. 1, 1894 Dec. 31, 1893 Oct. 1, 1897 July 1, 1920 July 1, 192(" May 1, 1913 Nov. 1, 1944 Dec., 1895 . Oct. 15, 1925 Oct. 1, 1942 & J. Philadelphia & London. July 1, 1910 & J. Phila., Read. Ter. Bldg. July 1, 1910 & J. do do j July, 1910 & 0. do do Oct. 1, 1933 all of New York, George H. Earle, Jr., S. F. Tyler, Samuel R. Shipley and Richard Y. t:ook, or Philadelphia. . REORGANIZATION PLAN.-The plan issued by the above committee in D ecember, 1895, under direction of Messrs. J.P. Morgan & Co. is being pushed rapidly to consumiuation. It undertakes to provide for (a) the protection of the present general mortgage; (b) the reduction of the fixed charges to a safe limit; rc; adequate working C!lipital; (dJ the payment offioating del>t and provision for car trusts; (eJ such con• trol of sy stem as shall render additionally secure the new general mort• g~e.-See details below; also the plan in full, V. 61, p. 1109. To Jan. 18 between 85 and 90 per cent of the entire outstandmg stock and incomes and also a large amount of general mortgage bonds had been deposited.-V. 62, p. 139. NEW SECURITIES.--The plan calls for foreclo imre, if necessary, under the general mortgage (suit brou~ht in December, 1894-see V. 61, p. 113l, and for the formation under the laws of Penn~ylvanta, or of some other State, of c1, new company which shall issue: Gene1·al Mortgage, l00•yeat' 4 p. c. gold bonds, secured by mortgage and pledge of a ll pr,1perties embraced in the reoro-anization, $1,000 bonds, first coupon due July 1, 1~96, authorized tssue......................... .. $114,000,000 Of which to take up undisturbed bonds . ... ....... ...... . 4.4,550,000 For future construction, equipment, etc., at not over $1,500,000 per a nnum under stringent provisions .... . 20,000,000 For present general mortgage bonds .... .. . ............. . 44,575,000 For delivery to syndicate.......... . .. ................... . 4,000,000 Contingencies ...... ...... ..... ....... . ............. . ... . .. . 875,000 The new general mortzage may also, if deemed de ir• able, secure an additional........................... 21,500,000 Of which for P. & R. T erminal bonds..................... 8,500,000 Of which for P . & R . Coal & Iron bonds.. . ......... . . ... . 12,500,000 First Pt·eference FZtock, 4 p . c., non-cumulative.... ......... $28,000,00 0 Of which for cleliveryto syndicate.. ... ..•. . ..... .. . .. ... 8,000,000 For first preference bonds............ . ... . ..... .......... 7,184,000 For various purposes...................................... 1~,816,000 Second Prt>ference stock, 4 p. c., non cumulative........... $42,000,000 Of which to old preferred income boudholders.. ......... 40,2•6,000 Oo-rnmon Stock, mostly for old stock and incomes .. ...... . $70,000,000 Voting Trust-All clai,ses of stock are to be held by voting trustees (J. Pierpont Morgan, Frederic P. Olcott and one other) for five years, and thereafter until 4 per cent cash dividend per annum shall be paid on the first preferred stock for two conse utive years, though the trus• tees may in tb.eir discretion surrender the stock at an earlier date. Stoclc Oonve1·sion and other Provisions-After dividenrls at the rate of 4 per cent per annum for two successive years on the first preferred stoc~, the second preferred at the new company's option may be ,-on• verted at par-one·half into first preferred stock and one·half into common stock. No additional mort.:age shall be put upon the prop. erty, nor the amount of the first preferred stock authorized be in• creased, except with the consent, in each instauce, of the holders of a majority of the w hole amount of each class ot preferred stock, and with the consent of the holders of a majority of that part of the comruon stock represented at the stockholders' meeting, each class of stock voting separately. Also the amount of the second preft--rred stock shall not be incL·eased exce.J,>t with like t·onsent by the holders of a majority thereof, and a majority of that pa.rt of common stock repre• sented at the meeting. New Ger.~1·al Mortgage 4s.-These bonds are to be secured by mort• gage and pledge of all properties and securities embraced in the reor· ganizatiou, and also all otller property acquired thereafteL· by use of the new bonds. They will have a sinkin g fund out of the revenues from the Coal & Iron Coml?aoy, but will not be subject to compulsory r .- demption prior to m aturity. The new mortgage will, bUbject only to the hoods for which reservation is made, be based upon propertie,; or securities o:f all the lines or railroad owned by the Philadelphia & Head• ing Cv., 327 miles. Various leasehold lines, 552 miles, more or less. All the property of the Coal & Iron Company, or the securities thertof, representiug nearly 200,000 acres of coal and timber land. The new mortgage will also have the benefit of equipment valued at about $10,000,000, but now subject to about $7,300,000 of car trus t obligations, which are to be acquired under the plan, and also the ma· rine equipment; furthermore, by the redemption or the present col· lateral trust mortgage, etc., it will ha, e a first lien upou a majority or more of the capital stock of various companies in the system owning 448 miles of railroad, of whkh 195 miles are leasehold lines included in the 552 miles above stated. These 448 miles embrace :properties which are con s idered essential to the system, no part of wh1c11 is cov· e1·ed by the present general mort~age. The securities thus to be pledged are said to have earned fast, y<"ar an income of $585,000, of which $448,000 was actually received by the company in the way of divideuds, the J emainder being retained for be1term·nts a n d working capital-see list of these securities, V. 61, p. 1111. 'l 'lle new mortgage will thus have the i.ecurity of a large amount of valuable property in addition to that afforded by the present general mortgage. EXCHANGE OF SECURITIES.-Under the l)lan the holders of securities for the p1·incipal of their holdings will re0eive, on payment of assessm ents named, the following new securities : INVESTORS' SUPPLEMENT. 108 [VOL. LXII. ,vtn confer a =-treat Cavor by giving lrn.m.edlate notice of' any error discovered In these Tables. Bonds-Prlnol• INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or pal,When Due. Amount Par of When Where Payable, and by Stocks-Last F or explanation of column headings, &c., see notes of Rater.er Road. Bonds Value. Outstanding Oen. Payable on first page of tables. Whom. Dividend. Snb•criber• --- p hiladelphia if Reading-(Ooncluded)$ Consol. mort,~age ($8,162,000 are gold 6s) ....... c 254 1871 200 &c. Cmpr't M., go d, s. f., drawn at 100, V. 48, p.260.c 325 1873 $or£ General mort\age of 1874 (see text) ....... . ...... 325 1874 Consol. M.of 1 82, gold, stamped, pay. atnotice.c* 327 1882 500&c. 1,000 1891 Terminal M.~ld, gu. by P. & R. Term. RR•. o*&r Ten-year sin 1,000 g fund gold loan, red. at 100 .. . c* 1892 Delaware River TerminalPur. Money M., gold.c* .... 1892 1,000 1,000 Delaware River Term. Ext. Pur. Mon. M., gold.c* .... 1892 Mort:ftates on real estate ...............•........... '72-;84 500··&0. P. & . oal & I. purchase money & real estate M. Do 500 &c. do guar. ext'd in 1892-94, gold .. 1,000 Coal trust, 5- 10 year certifl.c's, gold, red. at 105 ..... Securities TO BE RETIRED IN REORGANIZA TION. 50 Stock. . ................. .......... ....... ......... . . Receivers' certifl.cates,$197,525 for Coal&IronCo. Xii General mortgage ($100,000,000), ~old ...... o*&r 327 1888 1,000&c Equitable int. certs. (subj. to call IO ) g., see text . ..... ..... lsti pref. inc. M., not cum. ($24,400,000) gold... c* 327 1888 1,000 2d pref. inc. M., not cum. ($22,500,000) gold ... c* 327 1888 1,000 3d pref. inc. M., not cum., gold .................. c* 327 1888 1,000 3d pref. inc. M., Niold, non-cum., convertible....•. 327 1888 1,000 1892 Col. tr. b'ds($10, 00,000) sub.to callaft.'97,g.c*&r Deferred incomes (after stock) . See V. 54. p. 239 . .... 1882 50 &c. 1,000 1887 Car trust, Series C, $30,000 due ~M ........... c* 1,000 Car trust, Series D, $310,000 due ov 1., gold .. c* 1890 . ..... Equipment notes .•...................... ... ....•... .....New- STOCK .A.ND BONDS TO BE ISSUED IN RE ORG.A. NIZAT ION. . ..... .... Common stock, $70,000,000..........••........... .... 1st pref. stock, $28,000,000, 4 p. c. non·cum ..... ...... . ... ...... .... 2d pref. stock, $42,000,000, 4 p. c. non-cum ... . .. ...... General mortgage, $114,000,000, gold . ..... ...•. Text. 1896 ----·- ------- ---· ------iso4 isos i:ooo -------· ---· ·--··· Holde1•s of- ·----- 5 g. M:·&··N. Phila., Read. Ter. Bldg. 5,767,042 5 g. Q.-F. Philadlrov. L~~ & Tr. 8,350,000 5 g. F. & A. 1,831,000 700,000 5 g. M.&N. Phila., Guar. Trust. 1,222,000 5 g. .J. & .J. Philadelphia. 1,593,397 { 5:·6-&7 Various Phila., Read. Ter. Bldg. } 12188,606 6 g. Semi-an do do 4,600,000 Philadelphia. 6 g . Q.-.J. 41,400,862 3,706,407 44,715,189 (1> 23,949,951 16,176,589 16,678,717 3,490,000 ---------- 25,568,090 } 1,852,000 6,985,397 69,589,000 28,000,000 40,286,000 48,715,188 ...6.. ..&.. .J . Philadelphia, Office. .J. 4 g. .J. & .J . See text. 6 g. Feb: ·1 Feb., '93, coup. last pd. do 5 pct. Feb. 1 do when Feb. 1 do do earned Feb. 1 do do 5 g . .J. & .J. .......... 6 Phila., Fidelli Tr. Co. .-F. Phila., Prov't ife & Tr. rpto gg. r.::M. ---·- . ..... . ..... .. ...4.g. .J. . .... . .... ..&.. J, rro·i·9o4 1897 to 1899' Apr. 1, 1904 --······ 1; . .............. Jan:· ·i959 In 10 years .Jan. 1, 1958 .Jan. 1, 1958 .Jan. 1, 1958 .Jan. 1, 1958 Jan. 1, 1912 Irredeemable• 120,000 y'rly 310,000~?ly 1895-1 99' . ............ . ............ . ..... -.. . .... --- ---------- ....... 1; May· .i.922 May 1, 1941 Feb. 1, 1902 May 20, 1942 .July 1, 1942 1st coup: ·a.ue ·ju1y, '96. ·iooic And receive-----, Equitable interest certificates were issued to represent the genera Pay New gen. lstpref. 2dpref. Oom.stk. mortga"'e coupons bought by Olcott-Earle Committee on bonds deposassess't. mort. bonds. stock. stock. Tr. certi/. ited with it prior to .Jan. 1, 1895. Coupons due July, 1893, to Jan., General mort. 4s ..... None. 100% .•• .. . ... . . .....• First pref. incomes ... 20% ...... 30% 100% .....• second pref. incomes. 20% · 65% 55% Third pref. incomes.. 20% 35% 85% Stock................ .. 20% 100% Deferred incomes. . ... 4% 20% ASSESSMENTS .A.SD SYNDICATE.-The assessments are :payable in four equal instalments at least thirty days apart. The first mstalment was due .Jan. 10, 1896, but holders who deposited their securities on or before that date were given sixty d?iYB in_ 'fhiCh to make payment, with interest ~t 6 per cent per annum m ?-ddit10n. A syndicate agreeA (1) to underwrite the payment of the assessments; (2) to take $4,000,000 of the new 11:eneral mortgage bonds and $8,000,of the new first preferred stock: (3) to guarantee the extiension or 000 payment of the improvement mortgage bond s; and of the Coal & Iron Company bonds, most of which will matur~ within the next two years. FIXED CHARGEs.- The annual fixed charges after reorganization will be: Interest. , Real estate mortgages.. $203,237 Prior mortgage11 ....... . $i86,357 Taxes -. - - ....... - . .. ... • 350,000 Consols, 1871-1911. ... . 1,235,150 Rentals (about) .. •·• - •· · 2,876,040 Improvement mort .... . 561,840 Coal & Iron Co.Consols, 1882-1922 .... . 288,3751 Div'l &real est.morts. 7 43 ,0l 7 Coal Trust certifl.c'tes 258,000 Gen eral mortgage .. ... . 1,788,607 160,000 Finance Co. of Pa.. . . 50,000 $4,000,000, new ..... . 425,000 ---Terminal RR. loan .... . 91,550 Totalnewfix'dch'geEl.$9,317,173 Sink. fund loan, 1892 .. Present fixed charges. $10,035,013 Position of New Oompany,-The annual fixed charges of the reorganized system will be $9 317,173-a. decrease compared with the present fixed charires of $717,900. A further reduction 01' nearly $500,000 :per annUlli will also be effected almost immediately through the refundm g at 4 to 412 per cent of some $20,000,000 6 per cent and 7 per cent bonds shortly to maturt>, and the extension already e:fl"ected at 4 per cent of $1,500,000 North Pennsylvania 7 per cents. . . The net earnings of toe system for the past four years termmatmg November 30 were: I I I 1896, have been so purchased. These certificates, of which between $3,000,000 and $4,000,000 were issued, will be redeemed at 105 on -0r befere com.Pletion of reorganization. The termmal, mortgage bonds are the Reading's own bonds. and are secured by a mortgage upon all the property of the Terminal Co. and by a traffic contract between Reading and the Terminal Co. The trustee is the Provident Life & Trust Co. of Phila. Amount authorized. $8,500,000. See V. 53. p. 391; V. 60, p. 731. For te'flr']/ear sinking fund loan see January, 1895. SUPPLEMENT. The coat trust certificates are subject to call at any time at 105 and on April 1, 1899, entire issue may be paid at par. See also Jan.' '95, SUPPLEMENT. ' . . . . Delaware R1,ver Term-,,_nal smking fund was organized m 1895 and is to amount to $400,000 m 20 yeara. See V. 60, p. 969. GENERAL FIN.A.NCES.-In June, 1894. the receivers were authorized to. pay interest (and principal at maturity) of $3,000,000 of 312 per cent bonds or City pf Philadelphia. issued to abolish grade crossings. The$19,000 Schuylkill Navigation bonds due .July 1, 1895, was not pa.id. ANNUAL REPORT.-Fisoal year ends Nov. 30. Annual meeting is: held second Monday in .January. The report for 1894-95 was in' CHRONI; CLE, v. 62, p. 133. See editorial p. 111. The results of the operatio,ns of the RR. Co. and the Coal & Iron Co~ are shown below: RAILROAD Co. RECEIPTS. Years ending Nov. 301895. 1894. 1893. Passenger traffic ......••..... $3,959,073 $4,137,961 $4,349,133" Coal traffic .........•... .. ..•.• 9,957,870 9,752,297 ll,295,850Merchandise traffic .........•• 6,910,469 5,992,373 6,722,051 ,MisQellaneous .......•...•..... 375,404 363,263 376,621 United States mail........... . 97,759 98,881 85,191 11n::::::::::;;::::::::::;:::::)::::;::::::;:::;;::::::::$lUHll ll Except for the annual interest charge of about $105,000, which is now b eing created through the construction, in connection with the ctty of Philadelphia, of the Pennsylvania Avenue Subw ay in that city, and the further interest obligations which may gradually arise through the yearly i ssuance of not exceeding $1,500,000 of new general mortp:age 4 per cent bonds for n ew construction, betterments, etc., no reason is believed to exist for any increase in the fixed charges of the reorganizert company. . . Oash Requirements.-The new company will start without fl.oatrng debt and will be relieved from the embarrassment of car trusts and the iack of working- capital. The assessments will yield $20,862,289 and the Pyndicate will contribute $7,300,000-$28,162,000 in all- to be applied as follows : Floating debt, $3,800,000 ; rece ivers' certift$3 800 000: car truPts and equipment notes, $7,300,000; interest on aenerai mortgage and payment of equitable interest certificates, $6,!l50 000 • arrearages of sinking funds on divisional coal mortgages, $2 000 000: reorgamzation, etc., expenses, $2,000,000. The balance, about $3,000,000, will be used for the purposes of the new company. COUPON P.A.YJIIENTS.-Of the guaranteed inter~st that due A1:1g. 1, 1893, and since on Phila. Read. & N. E. and April 1. 1895, on Phila. & Chester Valley pref. and first mortgages, and Camden County first mortgage, was not paid. . . . Coupons on the $33,284,000 general mortgage bonas deposited with the committee prior to Dec. 31, 18941 have bPen purchased to .January, 1896 inclusive: on the balance OI the loan the six coupons, .July, 1893: tn January, 1896, (12 per.cent) remain unpaid, b~t on assentin~ bonds they will be cashed with mterest before complet10n of reor~amzation. The new bonds to be issued bear interest 1'rom Jan. 1, lSl:16.(V. 60, p. 1147; V. 62, p. 40.) COAL PROPERTIES.-The Company owns all the stock ($8,000,000) of the Philadelphia & Reading Coal & Iron Co. The f?States of the coal oompany aggregate upwards of 194,000 acres, classified as follows: Coal lands owned (acres) .... 95,1441 Timberlandsowned(acres) 70,489 Coal lands leased (acres) ..•• 7,429 Iron ore lands (acres) .....• 21,000 BoNDs.-The generat mortgage 7s and 6s of 1874 f~r $24,686,000 and other prior bonds ari> 'l\eld alive as collateral security for tihe gen_eral mort. of 1888. The consol. 5s; of 1882 are payable at par_at an:v time. They are joint bonds of the Railroad and Coal & I. compames and cover the main line and branches. the leases of the North Penn. RR., etc. Abstract of general mortgage of 1888 was in V. 46, p. 679, and of In· oome mortgage V. 47, p. 141. See also 8UPPLE111ENT of March, 1894. for other partirulars as to the general mortgage; of the bonds $1,760,· ooo addit10nal to those in table (making a total of $46,475,189) are de posited as collateral for the extended car trusts "D.' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ 18,811,000 6 g. &7 .J. & D. Phila.• Read. Ter. Bldg. .June 1, 1911 • 6 g. A. & O. P,365,000 do do Oct. 1, 1897 .rotal earninglil RR. Co ...... $21,300,575 Operating expenses . . . . . . . . . . 11,628,411 $20,344,775 11,278,989 $22,828,84513,369,424,. ..4.f3~earninp:s of Railroad. $9,672,164 $9,065,786 $9,459,421_ . 505,633 268,553 609,072 1,104,196 Net from canaJs, steam collier s , coal barges, r eal estate and investments.......... .. . 587,089 Net earnings of O. & 1. Oo . ... Loss .699,809 Total net of both companies $9,559,444 ---- -$9,839,972 $11,172,6 9 - (V 59, p. 153, 234, 372, 423, 476, 515, 552, 697, 739, 757, 781, 781, 836,969,1008,1059,l104,1142;V.60, p.43,93, 106,127,177,219, 21}!J, 392, 432, 563, 607. 747, 796, 837, 930, 968, uo3, 1147; V. 61, p. 2~. 70, 113, 196, 282, 367, 431, ,170, 517, 569, 663, 750, 795, 872, 926, 968, 1014, 1065, 1084, 1108, 1109, 1155; V. 62, p. 41, 8 5, 111, 13 3 ,. 139.) Philadelphia Reading & Ne-w England.-Ro.A.D-This company owns from Campbell Hall, crossing the Hudson River H.t Poughkeepsie by its own bridge, to Silvernails, 58 mile ; and leases. and controls H a rtford & Conn. Western, Hartford to Rhinecliff, 109 miles; total. 167 miles: also leases and controls Dutchess Co. RR.,. from Poughkeepsie to Hopewell .June., 12 miles; trackage, 1 mile. RECEIVERSHIP, &c.-A consolidation in .July,'92, [by plan in V. 54, p. 597) of _Central New England & Western and Pou12hkeepsie Bride:ecompames. Road was controlled and operated by .t'hila. & Readini?, bu~ the guaranteed interest due May 1 and August 1, 1893, was not paid, and on Aul{Ust 19 .J. K. 0. Sherwood was appointed receiver. Interest on Dutchess Co. RR. firsts paid regularly to .June, 1895. BONDHOLDERS' COMMITTEE.-Fletcher Oommittee: G. A. Fletcher, . H. L. Davis, C. Tower, Jr., J.M. Shoemaker, .J. W. Hamer, Alfred N. Chandler, Phila.; Arthur Brock, Lebanon: H. O. Seixas, New York. . Witson Oommittee: .J. 8. Wilson, (chairman), .John Sailer, W. B. Scott. R . .J.C. Walker and H. W. Bartol; depositary, Girard Life Ins. & Trust . co., Philadelphia.-V. 60, p. 131, 178, 52H; V. 62, p. 139. March 25, at a meeting of both committees, the majority voted not to push foreclosure or reorganization at present. V. 60, p. 563. t:!TOCK-Common is $4,600,000, of which about $4,000,000 owned by-Phila. & Reading; preferred, $2,000,000. BONDS.-Both the mortgages (Guaranty Trust & Safe Deposit Co. trustee) cover $1,390,000 Hartford & Conn. Western stock, etc. In January, 1894, $350,000 of uotes pledged for interest payments were secured by $7.?5,000 first ruortga~e bonds as collateral. Loan and bil s payable .June 30, 1895, $35u,OOO: open accounts payable (contractied prior to receivership), $411,846; open accounts receivable were $86,468. EARNINGS. -No interest to Jan., 1896, had been paid on the funded debt since Feb., 1893, the charges including rentals, taxes, &c., and interest on loam. For 3 months ending l!!ept. 30, 18!J5, sm•ol11a <:>verrentals, taxes, etc., was $26,194, against $19,388 in 1894. JANUARY, 109 .RAILROAD STOO.Kts AND .BONDS. lf:!il6.] Subscribers -will confer a ~reat favor by giving Immediate notice oC any error dh,coverf>d In these '.l'ables. RAILROADS. .For explanation of column headings, &c., see notes ;n first page of tables. PMl.Read. <f: New .E1ig.-lst M.,gold,guar. (end.) .c"" Do (4 p.c. till Sept.'95; then 5 p.c.) guar.p. & i. c* Do 5 per cents (See text) @old, guar. p. & i. ..... Inc. M, non•cu., Ser.A,$17 Od.OOO;B,$2100,000.c" Dutchess Co. RR.1st M., gol , guar. P.R. &N. E.c* Pltila. & Trenton-Stock 10 p. c. rental, Penn RR .. PhiladeW/ia Wilmington d: Baltimore-Stock ....... Plain onds, s. fun $16,000 yearly,notdrawn .. r PlMn bond , s. fund $20,000 yearly, not drawn .. r Plain bonds .. ·······-···· .......................... r Plain bonds........................................ r ;~:~ ~~~i:: l~tt:::::::::::::::::::::::::::::::::; Piedmont Ournberland-Stock ...............•..... d: I l.\files Date Size, or Amount INTEREST OR DIVIDENDS. :~r~;r4fu'!!. of of Par Outstandin"' Rat11 per When Where Payable, and by Stocks-Last Road. Bonds Value. ° Cent. Payable Whom. Dividend. -- --58 58 58 58 12 27 1892 1892 1892 1892 1890 ..... 1891 1892 ---· ---· i875 ---- 1880 ---· 1887 ---· .... 1887 ....... ·-·· 1st mortgage, gold ..................... .......... c* 29 i886 Pine Oreek-lst M., guar. prin. and interest (end.)r 75 1885 2d mortgage ....•.................................. r 75 1887 Pittsbur/..Vhartiers & Y01ighiogheny-lstmor,;gage. 16 1882 Gen. . $1,000,000, flct, gu. p.&1. (end.) See text. 16 1892 Pittsburg Oincinnati O icago cl St. L01tis-Prer. st'k 1,083 (Col. &Ind. Cent. lstM. (Colum. to Ind. & br.).c* 187 i864 Col. & Indianapolis Central 2d mort~e ...•. c* 208 1864 Union & Lo~ansp'tlstM.(U'nCityto gans.)c* 93 1865 Chic. St. L. & itts. cons. M. ($22,000,000) gold.c* 580 1883 Jeft'nville, Mad. & In.1st M. (s. f. drawn atllO).c 222 1866 2d mort., Jetfersonv., Ky., to Indiana£. & br'h.c 222 1870 { Bteub. & Ind., 1st mortgage, extende in 1884.r 116 1864 Pitts. C. & St. L., 1st consol. mortgage ...... . c&r 216 1868 (" A,"g.c* } 1892 1890 Consol. mort., gold, guaranteed p. & i. B," g.c* (end.) by Pennsylvania Company.. . "C," g.c* 1,083 1892 "lJ," g.c* 1895 77 1882 PUtsb. Oleve. d! Toledo-lstM., gold,int. guar. B.&O .. l t" $1,000 1,000 1,000 3,850,000 1,000 350,000 100 Bee text. 50 11,819,350 1,000 800,000 1,000 1,000,000 1,000 1,000,000 1,000 1,000,000 1,000 930,000 1,000 1,000,000 50 650,000 1,000 650,000 1,000 3,500,000 1,000 18,000 500 &c. 320.000 1,000 372.000 100 22,638,730 1,000 2,631,000 1,000 780,000 1,000 715,000 1,000 1,506,000 1,000 2,088,000 1,000 1,995,000 1,000 3,000,000 1,000 6,863,000 1.000 10,000,000 1,000 10,000,000 1,000 2.000,000 3,000,000 2,400,000 i:ooo For years ending June 30 earnings have been as follows: Year to June 30Gross. Net. Charges. Balance. 1894·5 ................... $724,114 $201,661 $168,144 sur. $33,517 1893·4................... 779,576 12,688 137,636 def. 124,948 In 1892·93 gross, $1,1.023,218; net, $34,356; :flxed charges, $365,735; loss, $331,380. (V. 5::,, p. 192; v. 60, p. 131, 178, 219, 260, 392, 481• 523, '563, 837; v. 61, p. :l41, 431, 831; v. 62, p. 139.) Philadelphia & '.l'renton.-Philadelphia (Kensington), Pa. , to Morrisville, Pa., 23 miles, double tracked, and branch 3 miles. On Dec. 1, 1871, leased with the United Cos. of N. J. for 999 years to the Penn. RR. at 10 p. c. on $494,100 stock, the total issue being $1,259,100. Philadelphia Wlbnlngton & Baltbnore.-( See lfap Penn. .R.R.J-Operates from Philadelphia to Washington, D. C., and from Wil· mington, Del., to Delmar, Del., with branches as follows: Lines ownedMiles. Delaware RR.,r .............. - •. 117 Philadelphia to Baltimore ..... 94 Delaware Md. & Va.,r ...... . - .. 98 (all double track.) Baltimore & Potomac ......•. 97 BranchestoDelawareCity,etc. 23 vtherlines (6) .................. 156 Lines controlled, leased, etc.- - Philadelphia & Balt. Central1f. 80 Total (1r see this company) ... 665 ORGANIZATION.-Penn. RR. owns $10,890,950 stock (mostly pur· chased in 1881), and controls the operation. The P. W. & B. owns stock in the Cambridge & Seaford, Columbia & Port Deposit, Junction RR., Queen Anne's & Kent, South Chester & Un. RR. ot Baltimore, etc. DIVIDENDS.-.From 1868 to 1887, inclusive, 8 per cent yearly; in 1888 and 1889, _7; in 1890, 6; in 1891, 6; in '92, ~; in '93, 712 p. c.; in 1894, 7 p. c.; m 1895, Jan., 312 p. c.; July, 3 p.c.; m 1896, Jan., 4 p.c. BONDS.-All to be secured by any future mortgage. See deBcription on page 4, SUPPLEMENT of April, 1895. Mortgages and ground rents Nov, 1, 1894, $163,765. ANNuAL REPORT.-Year ends Oct. 31. For 1894·5 gross, $9 ,142,533; net, $2,615,641. Rbport for 1893·94 in V. 60, p. 347, showed ~ross earnings $~,695,959; net, $2,346,627; other income, $420,938; sur• plus over charges, $1,117,729; dividends (612 per cent), $768,258. In 1892·93 ~ross $9,868,000; net, $2,653,409; surplus over charges, $1,330,640.-(V. 58, p. 177; V. 60, p.131, 347; V. 62, p. 139.) Piedmont & Ou01berland.-Road extends from Piedmont, West Va., to Cumberland, Md., 29 miles. In February, 1894, the road was leased to the West Virginia Centi. & Pittsb. RR. till Aug. 1, 1911, for 37 per cent ot gross earns. It is said the, P. & <J. and West Va. Cen. & P. will endorse $3,600,000 Balt. & Cumb. Ry. bonds. Penn. RR. Co. on Dec. 31, 1894, owned $200,000 of the $650,000 stock-par $50. First div., 5 p. c.J.paid m March, 1894; in 1895, March, 6 p. c. t.<'or year 1894·95 the pront to lessee was $20,289, against $13,126 in 1893·94. Pine Oreek.-Owns from Stokesdale Junction to Newberry Junction, Pa., on the Fall Brook Road, 75 miles. ORGANIZATION.-N. Y. Central controls the capital stock and the road is leased to the Fall Brook Railway Co., forming a connecti~n between the Central and the Philadelphia & Reading. The 1st mortgage is guaranteed by the Central, tbe Reading and the Corning Cowanesque & Antrim (now Fall Brook Ry. Co.) jointly and severally. See form of guaranty, V. 56, p. 650. Stock, $1,000,000 (par,$50), of which July 1, 1894, N. Y. Central owned $999,000. EARNINGs.-Year ends June 30. For year 1893·94' lessee reports gross, $852,470; net, $35l:J,580; rental. $255,740. In year 1892·93, gross, $986,410; net, $405,272; rental, $296,795. (V. 59, p. 3'76.) .Pittsburg Akron & Western.-BEE NORTHERN OHIO RY. Pittsburg Chartiers & You:?"hlo2"<>ny.-Owns from Chartiers to Beechmont, 16 miles; trackage (Chartiers Ry.), 1 mile; 17 miles in all. STOCK authorized, $1,000,000; par, $50; outstanding, $700,000, owned jointly oy guarantors mentioned below. Of the 4 per cents issued, or to be issued, one·half are to be endorsed with the guaranty of the Pittsburg Cincinnati Chicago & St. Louis, the other half with the guaranty of the Pittsburg & Lake Erie. See guaranty, V. 56, p. 650. 'l'hey are not subject to call. EARNINGS in year 1894 were, gross, !il138,2_52, against $174,327 in 1893; net, $61,956, against $43,722 in 1993; mterest, etc., $37,254; bal., surplus for 1894, $24,702. Pittsburg Cincinnati Ohlcago & St. Lonls.-(See Map.J..i..he system, clearly seen on adioining map, includes: .Lines owned. M'iles. Lines leas'd(1rSee these co's.) Miles. Pittsburg,Pa., to Chicago.Ill. 504 1rChartiers ..... ......... ...... 23 Rendcomb Jc. to Anoka Jc... 166 1rLittle Miami and depend's.. 192 Bradford Jc. to Indianapolis. 104 Cincinnati Street Con. Ry... 3 Indianapolis to Jeffersonville 108 Pitts. Wheeling & Ky........ 28 Branches ...•...•..........•.. 208 Eng. Connecting Ry. in Chic. 2 Other lines.................... 5 Total owned • • • • • • • • • • • • -• -.1,090 Leased jointly with T. H. & I. Trackage1rSt. Louis Vandalia & T. H... 158 Indianapolis to Kokomo..... 551 -Louisville Bridge, eto......... 7 Total of all Jan. 1, 1895 ... 1,563 ORGANIZATION, &c.-Formed in 1890 by consolidation <12er terms in V • 50, p. 875) of Chicago St. Louis & Pittsburg, Jeffersonville Madison & Indianapolis, Cincinnati & Richmond and Pittsburg Cin. & St. L. Coni trolled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock. CAPITAL STOCK.-The stock authorized ls: Common, $45,000,000 preferred, $30,000,000; par, $100. Outstanding Nov. 30, 1895, com https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis --1 $3,750,000 2,500,000 ......... As collateral 4 g. F. & A. Feb., '93, coup. last pd. 4•5g. M.& N. Nov., '92, coup. la t pd. 5 g. M.&N. Nov., '92, coup. last pd. None pain. 5 g. Oct. l 6 g. J. & D. N. Y. Chase Nat. B<ink. lOperan. Q.-J. Phila., Company'sOtttce See text. J. & J. Phila., Broa,1 St. Stat'n 6 A. & 0. Phil. Of. ;Bost. ,Kid.Peab do do J. & D. 5 do do 4 A. & 0. M.&N. Philad:road 4 Stat'n 4 g. J. & J. 0 4 g . A. & 0. do do See text. See text 5 g. F. & A. New York & Baltimore. 6 J. & D. N. Y. Gd. Cent. Station. do do 6 J. & D. Pittsburg Office. F. & A. 6 do 4 g. A. & 0. do See text Semi•an N.Y.,Farmers' L'n&Tr. 7 J. & J. N. Y., Union Trust Co. do M.&N. do 7 do A. & 0. do 7 do rlo 5 g. A. & O. 7 A, & Or.Y.,Fanners'L'n&Tr. J. & J. do . do 7 J. & J. N. Y .• Nat'l City Bank. 5 F. & A. Phila., Penn. RR. Office. 7 4¼g. A. & O.IN.Y.,Farmers'L'n&Tr. 4lgg. A. & do do do 412g. M. & N. do 4 g. M. & N. do do 6 g. A. & 0. N. Y., Cent. Trust Co. si 0.1 Nov. 1, 1942 Nov. 1, 1942 Nov. 1, 1942 Oct. 1, 1952 June 1, 1940 Jan., 1896 Jan. 2, 1896 Apr. 1, 1900 June 1, 1910 Apr. 1, 1917 Nov. 1, 1922 Jan. 1, 1926 Oct. 1, 1932 Mar. 1, 1895 Aug. 1, 1911 Dec. 1, 1932 Dec. l, 1932 Feb. 1, 1902 Apr. 1, 1934 Jan. 27,1896 Nov., 1904 Nov., 1904 Dec., 1905 Oct. 1, 1932 Oct. 1, 1908 July 1, 1910 Jan. 1, 19U Aug. 1, 1900 Oct. 1, 1940 Apr. 1, 1942 Nov. 1,1942 Nov. 1, 1945 Oct. 1, 1922 mon, $24,335,127; preferred, $22,638,730. Stock listed to January. 1896, common, $25,315,500; preferred, $22,630,400. The preferred stock is "non•cumulative and entitled to a. dividend of 4 per cent per annum out of the net earnings as declared by the Board, with the ri~ht after 3 per cent has been declared on the common to an additional 1 per cent, making 5 per cent in all." After 5 per cent on both common and preferred, the two share pro rata.. DIVIDENDS on preferred: In 1891, 3 per cent; in 1892, 4; in 1893 , April, 2; Nov., 2; in 1894, April, 2; in 1895, none; in 1896, Jan., 2 p. c. STOCK OF OLD COMPANIES unexchanged Nov. 30, 1895: Pittsb. Cin. & St. L. common, $47,800, Chic. St. Louis & Pittsb., common, $543,· 167, and preferred, $39,753; Steubenville & Indiana, common, $86,675, and preferred, $2,950; Jeff. M. & I. $5,400. BONDS.-The consolidated mm·tgage for $75,000,000 (Farmers' Loan & Trust Co. of N.Y. and W. N.Jackson, trustees,, covers the entire property. Sufficient cont1ols are reserved for the purpose of retiring all sec• tional bonds at maturity, at which time they must be paid off. The remainder are issuable for improvements. additions eto. They are guaranteed unconditionally as to principal and interest by the Pennsylvania Company, in accordance with the vote of its Board ot Directors, and are so endorsed. The three series are all equally secured. See adv. CHRONICLE May 21, 1892, and guaranty, V. 56, p. 604. GENERAL FINANCES.-There are 4 per cent car trusts for $148,810 due at various dates. In :November, 1894. $4,811,000 consols were authorized, of which $3,862,000 were issued to Pennsylvania Co. for aEl.vances. V. 59, p. 969. Cin. Rich. & Chic, 1st 7s for $552,000 were paid July 1, 1895.-(V. 60, p. 1010.) In November, 1895, series "D'~ bonds for $8,000,000 were created and aerie!'! "C" bonds for $4,818 000, previously reported outstanding~ were canceled. Series "D" bonds for$3,000,000 have been sold anu an option given on an additional $3,000,000. LATEST EARNINGS.-For 11 months ending November 30: 11 months. Gross. Net. Charges. Bal., surp. 1895 ........ $14,091,106 $3,869,327 $2,857,302 $1,012,0~5 1894........ 13,020,688 3,224,801 2,590,334, 634,467 ANNUAL REPORT-For year 1895 (December ellltimated) gross is, re ported as $15,482,286; net, $4,226,175; charges, $3,199,864; balance, surplus, $1,026,311. Report for 1894 wa.s in full in V. 60, p. 636, 654, 662. Yea1· ending Dec. 31. 1894. 1893. 1892. Miles operated (system proper) 1,150 1,144 1,144 Gross earnings ...............•.. $14,247,855 $15,750,808 $16,160.675 Operating expenses............ 10,765,519 12,0a4,631 12,260.984. Net earning& ................ $3,482,336 Net earnings, incl. other inc... $3,498,358 Net earns. of L. Miami & ~!7 profit or loss St. L.V. & T. H 412,744 $3,716,177 $3,730,223 439,354 483,983 Total net earnings ........•. $3,911,102 lnterest on bonds ............... $2,407,582 Rentals paid.......... ... ....... 813,838 Car trusts (including interest). 38,762 Miscellaneous . . . . . . . . . . . . . . . . . . 15,428 $4;169,577 $2,387,215 813,921 94,897 48,910 $4,396,58!1 $2,323,594. 802,084. 10~,214. 5,682 $3,899,691 $3,912,605 Balance , surplus . . . . . . . . . . . . . . . $635,492 $824,634 $1,163,014, Dividends on preferred .... (2 p. c.)$459,41:17 (4) $908,154 (4) $896,847 -(V. 59, p. 969; V. 60,p. 523,603,636,654, 6t>2, 1010; V. 61, p. 151 66I, 751, 872, 1155; V. 62, p. 86.) Plttsbur leve]and &; Toledo.-From Newcastle Junction Pa.,1. to Akron, 0., 77 miles. Stock, $3,000,000 (par$50), of whlchBalt; & uhio RR. owns $1,505,000. Leased in July, 1884, for 99 years to Pittsburg & Western. The Baltimore & Ohio guaranteesinteresti on the fl.rats. (See terms in V. 39, p. 607.) In July, 1895, the new consol. mortgage for $4,000,000 was authorizP-d. EARNINGS.-Jan. l to Dec . 31, 181:15 (12 month~), gross $854,250, against $679,095 in 1894. In year ending June 30, 18!J4, gross. $680,002: net, $177,975 ; interest. $144,000; other charges, $31,230; bal., Aurplus, $2,745. In 1892·93 gross, $787,750; net, $144,772. Loans and bills payable, $3,076,448, June 30, 1893. (V. 60, p. 1010; V. 61, p. 70.) Plttsb111•0- & Eastern KK,-Under construction from Mahaffey, Pa., on the Beech Creek RR., through the coal district to SaltsbUl'g, Indiana County, Pa., 63 miles, and projected to enter Pittsburg over the Pittsburg McKeesport & Youghiogheny RR., total a.bout 150 mile Pre ident, S. H. Hicks, Philadelphia. See V. 60, p. 1010; V. t:1, p. 153·, Pittsburg Fort Wayne & Chtca~o.-( See Map Penn. R.R.JRoAn.-Owns from Pittsbur~, Pa., to Chicago, ill., and br.,470 miles. Double track, 271 miles, of which part was built in 1893. LEASE, &c.-Foreclosed Oct. 24, 1861, and reorganized. From July 1, 1869, leased in perpetuity to the Penn. RR.; rental pays interest, sinking fund of debt and 7 per cent on $19,714,286 stock. The lessees keep road in repair and pay taxes and expenses. The profit to lessees has been large, but in 1894 there was a loss of $1,348,638. CAPITAL STOCK.-The special improvement stock is issued to Penn-. sylvania RR. for improvements, &o., under article 16 of lease, whicll provides that the lessor may issue special bonds or stock. See V. 50, p 139, and wording of endorsement in V. 56, o. 774. Of thii, stock the Penn. RR. Jan. 1, 1895, owned $2,348,500, and Penn. Co., $7,543,176 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . _, ~ ~ m ~ 0 ~ m.... l:7J q ~ ~ ~ ~ R MAP OF THE PITTSBURGH, CINCINNATI, CHICAGO & ST. LOUIS RAILWAY. <! 0 r rt H ..... ~ JANUARY, 1896.J RAILROAD STOCKS AND BONDS. Ill Bon<ts-l'rlnulINTEREST OR DIVIDENDS. RAILROADS. - - - - - - - - - - - - - - - - - - - -1Miles Date Size, or Amount - - - - - - - - - - - - - - - - pal,When Due. Par Outstanding Rate per When Where Payable, and by Stocks-Le.st of For explanation of column headings, &c., see noted of Dividend. Whom. Cent. Payable Road. Bonds Value. on first page of tables. 1895 Pitts.al.& Tol.-(Ooncl.J-Consol. M., $4,000,000, g. Pittsbu1·g ct Eastern-Stock, $5,000,000 ............ . Pittsb.Ft. Wayne cf Ohic.-Stock, 7 p. ct. guar. Pa. RR. (1) (1) 412 g. Jan:. 7,..i896 $19,714,286 7 per.an. Q:.:.:i N. Y., Winsio·w:·L. &Co. 470 do do 100 18,883,400 7 per an. Q.-J. Jan. 1, 1896 Guaranteed special imp. stock, 7 p. c. guar. by end 470 is7i do do 5,250,000 Various 7 July 1, 1912 latmortgage,seriesA to Fl Sink. fund, cumula- l 468 1862 500 &c. do do 5,160,000 July 1, 191~ Various 7 series Gto M 5 tive, not drawn.o* 5 468 1862 500 &o. do 2d do do 468 1862 500 &c. 2,000,000 Jnly 1, 1912 A. & o. 7 . ....•.... 960,000 See text. ..... Sept., 1895 50 (1) 480,000 See text. . ... . 50 Preferred ($480,000) .............................. . 1,000 1,440,000 6 g . J. & J. N. Y., 3d N. B. & Pitts. July 1, 1922 1882 1st mortgage, gold ............................... ck do do 300,000 July 1, 1922 1,000 5 g. J. & J. 1894 2d mortgage, for $500,000, gold ................ c* 5 g. A . .& 0. 500,000 Oct. 1, 1907 J:'itts. June. Terminal 1st M., gold, guar. p. & i. .. ···50 4,000,000 See text. F. & A. Pittsburg, Co.'s Office. Aug. 1, 1895 Pittsburg <f: Lake Erie-Stock ....................... . do do 2,000,000 1,000 6 g. J. & J. Jan. 1, 1928 1st mortgage, gold ......•......................... o ·;.;i i878 2,000,000 1,000 5 g. A. & O. N. Y., Security & Tr. Co. Jan. 1, 1928 71 1889 ~d mortgage, gold, Series A. & B ... . ........... .. c 3,959,650 6 per an. J. & J. N. Y., Union Trust Co. Jan., 1896 50 1884 l?ittsburg McK. cf l'ough.-Stock guar., see text .... . 2,250,000 do do July 1, 1932 J. & J. 1,000 6 latmortgage,guar. byP. &L.E. andL. S. &M. 8.c ·57 1882 do do 900,000 July 1, 1934 J. & J. 1,000 6 2d M., gu. p.&i. (end.) by P. &L. E. and L. S. &M. S.c 57 1884 600,000 1,000 6 g. J. & J. Pittsb'g, Fidelity Tr.Co. July 1, 1918 28 1888 McKeesport & Belle Vernon, 1st M., gold, assumed 5 g. A. & 0. Phil.,Pa.RR.,233 So.4th Oct.1__, 1920 300,000 1,000 15 1890 Pitts. Ohio Val. <f: Oin.-lst M. gold, s. f. not drn.o* 1,000,000 5 g. J. & J. N. Y., Mercantile Tr. Co. July .1, 1916 1,000 63 1886 Pittsb. PainesvillecfFairym·t-lstM.,_gold,int. gu.o* do do 250,000 July, 1916 J. & J. 5 1,000 1889 Terminal mort., interest guar. by r1ttsb. & West. 3,000,000 1,000 5 g. A. & 0. N. Y., Central Trust Co. Oct. 1, 1941l 1890 Pitts. Shenango <f: Lake Erie-1st mortgage, gold.c· July 1, 1943 do do .786,000 1,000 5 g. J. & J. 1893 Consol. 1st M. for $4,800,000, ~old ............. c* Philadelphia Offl.ce. ov.18,1895 3,432,500 See text. 50 Pittsburg Virginia cl Oha1·leston-Stook ($6,000,000) 76 Apr. 1, 1925 do do 3,431,000 1,000 412 g. A. & 0. Cons. M., g., (see text) s. f., not dr'n, series A .. c"" 76 is95 J. & D. Allegheny,Pa.,lstN.Bk. June 1, 1898 7 219,000 30 1878 500 &c. Pittsburg cf Western-1st M., Pitts. N ewoastle & L. E. 81,000 1,000 45 1880 Old Pittsburg & Western 1st mortgage ........••. ····- N. Y.,J.P.Morgan ,& Co. Oct. 15, 1900 6 do do 9,700,000 July 1, 1917 4 g. J. & J. 1,000 lat (consol.) mort$age for $10,000,000, gold. ... c* 310 1887 May 1, 1941 do do c* 5 g. M. & N. 324 1891 3,500,000 1,000 2d mortgage for $3,500,000, gold .....•....••.. M. & 8. N. Y., Union Trust Co. Sept. 1, 1902 6 100,000 1882 Foxburg Bridge Co. 1st M., guaranteed by P. & W. City. York New 5 g. F. & A. 300,000 Au~., 1920 1 ,000 1890 Ellwood Short Line, 1st M., gold, gu. by P. & W. 1,333.342 See text. M. & S. N. Y., Farm. L. & 'l'r. Co. Sept. 25, l~!lf> 50 ~ittsburg Youngstown cf Ashlabular-CJommon stock 125 Since Jan. 1, l 893, guaranteed special stock has been issued for bet- 1893-94, gross, $476,651; net, $165,134. In calendar year 1895, gross , terments; m 1892,$2,107,820; in 1893, $1,916,253; in 1894, $1,916,200. $619,271. In 1894, gross, $472,999. President, Col. S. B. Diok, MeadBONDS.-The first mortgage is in series of $875,000 each and second ville, Pa. (V. 60, p. 607, 8 7~; V. 61, p. 241, 795; V. 62, p. 41.) mortgage of $860,000-date of interest payment on each in SUPPLEPittsbur&t Virginia & Charleston Ky . - From South Pittsburg llIENT of March, 1894. Of the above 1st mortgage bonds, $2,393,000, Pa., to Brownsville, &c., Pa., 76 miles. Extension to Lynchburg, Va., and of the second mortgage $2,674,500, and $2,271,546 cash, were held 230 miles, has been proposed. in the sinking funds Jan. 1, 1895. ORGANIZATION.-Operated by Pennsylvania RR., which owned Jan. 1, A-.JNU.AL REPORT.-Results for 1894 in V. 60, p. 1010, showing loss 1895, $3,044,050 stock, and pays net earnings as rental, the oonsol. to kA'-ee in 1894 was $1,281,653, against profit of $313,777 in 1893. bonds being pledged under its "collateral t;rust of 1883." (V. 59, p. 69, 152; V. 60, p. 1010, 1102; V. 61, p. 872.) DIVIDENDS.-Dividends formerly 5 per cent per annum, but in May Pittsburg .Tunctlon.-0wns 8 miles of tracks at Pittsburg, 1894, only 3 per cent; in May, 1895, 212 p. c.; Nov., 212 p. c. Penn., connecting the Baltimore & Ohio and the Pittsburg BONDS.-In April, 1895, a consolidated mortgage for $6,000,000 was & Western, which con;.panies in 1882 agreed to pay the Pittsburg Junction $2 for each car passing over its road, but charie reduced to issued to retire the $3,000,000 firsts of 1882 and pay for extension debt. $1 ·50 per car when company's gross earningd amount to :i;270,000 and from Brownsville, Pa., into West Virginia. and to fund floating with ditferto $1 per car when gross reaches $300,000 in anyone year. In Decem- The bonds are in series A ($4,000,000) and B ($2,000,000), Girard Lita Trustee, secured. equally are but maturity, of dates ent issued. been had 5$ mortgage second the of $300,000 only ber, 1895, In 1894•91), .irross, $347,807; net, $213,343; interest and taxes, $117,- Ins. An. & Tr. Co. of Philad elphia. $423,net, $1,117,896; gross, 1894, 31, Dec. ending EAR.NINGS.-Year $178,083. net, $270,620; 485; surplus, $95,858. In 1893-94, gross, Common stock is $!}60,000; preferred, $480,000: oar, each, $50. Divi- 204; tixed chargPs, $270,423; dividends (3 p. c.) $60,745; bal., surplus, dends of 7 per cent were paid on preferred; on common $1 per share was $92,036. In 1893 gross, $1,149,058. V. 61, p. 28. · paid Feb. 15, 1895; in Sept., 1895, 2 p. c. V. 61, p. 753. Pittsburg & Wester11..-(See Map of Baltimore <I: Oh-io.J-ROADPittsburg & Lake Erle.-Owns from Pittsburg, Pa., to YoungsXiles. Miles. , Leased and co n-troltedLines owned in Jeetown, 0., 68 miles; branch lines to Newcastle, Pa., 3 miles; total Allegheny, Pa., to N. Sewickly. 46 Pitta. Cleve. & Totedo . . . . . . •• 77 owned, 71 mtles (of which 66 double track); leases Pitts. McKeesport & Rock Point, Pa., to New Castle 11 Pitts. Painesville & Fairport 1f. 62 Yough. (which see), 101 miles, and Beaver & Ellwood RR., 3 miles; Frisco to Crowthers............ 6 Elwood Short Linetotal operated, 175 miles. Owns $350,000 stock of the Pitts. Chartiers Callery June. to Butler......... 13 N. Sewickley to Rock Point. 3 & Yough. The P. & L. E. is operated in interest of L. 8. & Mich. So., 3-ft. gauge lines to Jewett, etc.1341 -whioh owns $2,000,050 of stock. There were in December, 1895, $107,- (Double track ........••..•. over 40) Total msee this co.) ..•.....• • 352 ,; 587 real estate mortgages. The 3-foot gauge lines are laid with 40-pound rail; the remainder of 1895. 1894. 1893. 1892. DIVIDENDS.- 5 1884-'91. lines owned with 60 to 70-pound steel. Comv.any is said to own nearly 10 10 10 8 ?. 6 yearly. Per cent. the entire water front at Allegheny, Pa., 7 miles, with terminals. et:,. ANNUAL REPORT.-For year ending Dec. 31, 1894, report was in V. ORGANIZATION, ETC.-In Feb., 1891, the Baltimore & Ohio bought 60, p. 709, showing gross earnings, $3,880.175; net, $1,224,552; in- $6,050,000 common stook, and in May, 1893, began to use the road as terest, $220,000; rental P. McK. & Y., $462,579; L. S. & M. S. share part of a through passenger route to Chicago. V. 55, p. 237. of P. McK. & Y. profit (12), $17,589; dividends (10 p. c.), $400,000; STOCK.-Common, $8,500,000, and preferred, $5,000,000, 5 per cent bal., surplus, $124,384. In 1893 gross, $4,040,784; net, ij,1,136,072. non-cumulative; both in $50 shares. Control held by Baltimore & Ohio. (V. 54,p. 641,889; V. 56,p. 375; V. 57,p. 21; V. 60,p. 709.) Common stock was increased by $1,500,000 in '92 to purchase $960,000 Pittsburg McKeesport & You:z;hlo~heny.-ownaifrom Pitts. stock of the Pittsburg Painesville & Fairport, $1,300,000 (of the $1,500.to N. Haven, Pa., 57 m.; McKeesport to Fayette City, Pa., 31 miles; 000) stock of the Allegheny & Lawrence (see "organization" above), branches, 11 m.; leases 2 m.; July 1, 1894., total, 101 miles, of which and $382,500 Trumbull & Mahoning securities. V. 55, p. 332, 680. 19 miles double track. Road opened November, 1883, and in 1890 BONDS.-For abstract of first mortgage (trustee, Mercantile Trust consolidated with McKeesport & Bellevernon. Company) see V. 45, p. 439. Second mortga~e for $3,500,000 is a first LEASE.-Leased to Pittsburg & Lake Erie RR. for 999 years. Rental lien on terminal11 at Youngstown, 0., and on 1:.:, miles of new doubletraok ts 6 per cent on the stock, principal and interest of the Pittsburg McK. road along lihe Mahoning River. & Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake GENERAL FINANCES.-On June 30, 1895, therewererealestate mtges., Shore & Michi~an Southern companies, the guaranties being endorsed on $312,375; car trusts, $657,688; bills and accounts payable, $3,496,the share certificates and bonds. The guaranty of the stock is on the 867; current liabilities, $281,137. Oontra: Advances to subsidiary express condition that the holder shall accept par for the same on July roads, $1,762,666; assets, $635,024. Interest is guaranteed 1, 193-1. See wording of guaranty in V. !;)6, p. 774. Stock authorized, on $1,250,000 Pitts. current Painesville & Fairport bonds. $4,000.000; first mtge. bonds authorized, $2,250,000; 2d mtge. bonds EARNINGS.-5 months, 51895 ..•. Gross, $1,424,114; net, $462,930. authorized, $1,750,000. Profit to lessee in 1894, $35,178, of which July 1 to Nov. 30. t 1894 .... Gross, 1,269,020; net, 444,210. one-half was payable to the Lake Shore & Michigan Southern. ANNUAL R EPORT.-V. 60, p. 792. Far years ending June 30: Pltbburg Ohio Valley & Clncinnatl.-0wns road from BellBalance. Othe1· inc. Oharges. Net. aire, 0., to Powhattan, 0., 15 miles. Operated for cost by Pennsylvania To June 30. Gross. Company in connection with Cleveland & Pittsburg from Dec. 1, 1892. 1894-9-5 .... $2,867,892 $916,663 . . .. . . .. $930,753 def. $14,090 928,038 def. 272,172 655,866 Stock, authorized. $1,500,000; out1>tanding, $300,000; par, $50. Trus- 1893-9 4 .•.. 2,318,677 868,391 def. 336,117 527,274 °$5;000 1892-93 .... 2,586,185 t-,e of mortga~e (for $1,500,000), Fidelity Ins., etc., Co., of Phila. Pitt burg Painesville & Falrport.-0wns from Fairport, o. -(V. 60, p. 521, '792, 836, 1156.) Pittsburg Youngstown & A.shtabula.-0wns Kenwood, Pa. oYoun~stown, etc., 0., 63miles. Operated at cost by Pittsburg& Western, but mter-est of bonds is guaranteed. Common stook, $800,000; pre• to Aahtabuia Harbor, 0., 99 miles; Niles to Alliance Junction, o., 25 terred, $250,000 (par, $100), of which in 1892 the Pittsburg & Western miles; Canfield Branch, 1 mile: trackage, 3 miles. Total, 128 miles. purchased all the common and $160,000 preferred. ORG.ANIZATION.-Consolidation of Ashtabula. & Pittsburg and other Pl Us bur,.. Shenango & Lake Erle.-( See Map.)-Owns from roads in 1887. Leased from August 1, 1887, to Pennsylvania UomButler, Pa., to Wallace Junction, Pa., 107 miles; branches to Conneaut, pany, whioh Jan. 1, 1895, owned $375,000 common and $1,550,000 prel\:lPadville, etc., 40 miles; branch (Meadville Conneaut Lake & Lines- ferred stock; rental net earnings. Lease may be terminated at opti<m ville RR.) Linesville to Meadville, 21 miles; trackage, N. Y. Chic. & St. of either party on one year's notice. Stock authorized-Common ' L., to Erie, 12 miles; leases terminal in Erie, etc., Pa., 2 miles; total $2,000,000, and preferred, $2,000,000; both in $50 shares. operated, 182 miles.. DIVIDENDS.-On preferred stock at rate of 7 p~r cent yearly since 1887; ORGANIZATION, ETC.-In March, 1893, consolidated with the Erie Ter• on common, in 1890, 2~ p. o.; in 1891, 3 p. c.; m 1892. 6 p. c.; in 1893, 6 p. o .; in 1894, 6 p. c.; m 1895, March, 3 p. c.; Sept., 3 p. c. minal and Conneaut Terminal Co's. Stock, $4,800.000; par, $50. BoNDs.-Bonds of 1887 (trustee, Farmers' Loan & Trust Co.) are reThe United States & Ontario Steam Navigation Co. was organized by the P. S. & L. E. to run boats for coal transfer, etc., between Conneaut served to retire divisional bonds; Lawrence ' RR. first 7s due Aug. 1 and Port Dover. Can., on Grand Trunk RR., 60 miles. See V. 60, p. 872, 1895, were paid, but in July no consols had been issued therefor. 1 sinking fund of 1 per cent pu.,.chases bonds of 1887 at par, if offered. v. 61, p. 241,795. EARNINGS.-11 months, t 1895 ...... gross, $1,637,203; net, $680,288 Bo.sns.-Consolidated mortgage is for $4,800,000, of which $3,000,000 5 1894 ...... gross, 1,124,228; net, 466 590 Jan. 1 to Nov. 30. i,. reserved to retire the nrst mortgage at maturity and $1,250,000 year ending Dec. 31 1894, gross, $1,236,469; net, $499,584 ;' inIn Conand Terminal to redeem a like amount of bonds of the Erie neaut Terminal companies, which latter bonds to l>e canceled. The re• terest, etc., $194,181; dividends (6 per cent on com. and 7 on pref.), mainder of the authorized issue, $550,000, :to be used in payment of $198,741; bala.nce, surplus for year, $106,662. equipment already purchased. The lake traffic secured in 1893 through Plant Systern.-SEE SA.VANNAH FLORIDA & WESTERN. the opening of the Conneaut Harbor terminals largely increased the .J'erv~s .IJiontlcello & Ne-w York.-OwnsfromPort Jervia, earnings. In Sept., 1893, made contract with Lake Superior Consol. N.Port Y., to Montrnello, N. Y., 24 miles, and Huguenot to Summitville 18 Iron Mines for transportation of ore. On June 30, 1894, "current miles. sold in foreclosure July 16. li;7o, and again in November Wa& liabilities" were $916,808; (consols for $786,000 then outstanding). 1886, and reorganized. in August, 1892, were said to "cash and current assets," $352,265. Car trusts April 1, 1895, $300,513. have generally agreed toStockholders exchange their stock for stock of the Phila,. E.ARNINGS.-From Jan. 1 to Dec. 31, 1895 (12 months), gross, $619,271, delphia & New England RR. Co., chartered to extend this road to against $472,999 in 1894. Stroudsburg, Penn. Stock, $409,100; par, $100. In year ending !<'or year ending June 30, 1895, aross, $565,325; net, $l!'i6 926; June 30, 1895, gross, $50,393; net, $ ,889; charges, $11,592; balance• other income, $2,241; charges, $169,469; balance, deficit, $10,302. In deficit, $2,703. In 1893·4, gro s, $52 503· net, $9,234. ·$ioo e3.U~~fJ!!~i£o,;,::i:ftoc1r: ·co~o·u::::::::::::::::: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ···s i12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUPPLEMENT. [VOL. LXII, Mahoning MAP OF TRE PITTSBURG, SHENANGO R . R. ERIE LAKE AND 1/1egneny"J'c; A.ND CONNECTIONS, JAt,;U.ARY, 113 RAILROAD STOOKS AND BONDS~ 1896,] Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prinoi• Miles Date Size. or Amount . pal, When Due. For explanation of column headings, &c., see notes of of Par Outstanding Rats per When Where P~yable, and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. -----------------------1--- - - - _____ ,______ ,_____ Pitts. Young. cf: .Ash.-(Oon.J-Preferredstock .. . . . . Ashtabula & Pittsb. 1st M., Y'ngst'n to Asht.ck&r Consol. mort. (for $4,000,000) s. f. 1 p.c., not dr.c" Pontiac Oxford cf: Northeni.-Stock ....... ......... . P t. Jervis Monticello~ N. Y.-lst M.,($225)000) gold Portland cf: Rochester.-Stock, $600,000 ........... . Terminal bonds (no mtge.). int. 1auar. B. & M .... o Portl. cf: R. Falts.-lstM., red.189·1,$450,000,cur.c 2d M .. red.18l:17 (fi.rtlt on 12 ms.), $200,000, gold.c Portland Saco cf: Pm·tsmouth-Stock (gua\'. by rental) Port Reading.-lst M., g., guar. by Phil.&H.ead.c*&r Port Ro11at & Augusta-1st mort. and 2d mort .. . .. . General mortgage income bonds, gold ...... ... .. c* Port Royal cf: West. Oa1·olina-Augusta &Knox. M.o* Consol. M. for $2,500,000, redeemable at 110.. o* Portsmouth cf: Dover-Stock, 6 p. c. guar. East. Mass. Potmnac Valley-1st M. $2,000,000, gold,guar .. o*&r Pro.<1p. Pk. cf: Goney I.-2dM. l$160,000 are6s).c*&r 3d mort. gold ($104,000 are 6s) ............... o*&r Income bonds, non-cum .......................... . Providence cf: Spt'ingjietdr-lst M. gold ... .......... 0 1 Providence cf: Worcestet'-Stock (10 per cent rental). 1st mortgage ..................................... c k Quincy Omaha cf: Kansas City-Pref.. 1st mortgage. R:i~gi~rx!J!s~ 1st ru:: ~iuii1i-°g,"gu:p:&i.:R.-&G:o* Raleigh Gaston--lstmortgage .................... o cf: Seab. Air Line Eq. bonds, Ser. A&B, (12 issue) ... . Beading cf: Ooliimbia- lst mortgage (extended) .. o* 2d mortgage, coupon (extended in 1884) ........ o Debentures .............. . ......................... o llensselaer d! Sara.-Stock_.8p.c.gu.Del.&Hud.)end.) 1st mortgage. consolidated. ................... o*&r 125 62 125 100 51 20 112 112 68 227 11 15 10 10 ·so 51 51 134 134 98 97 ·40 40 i92 79 $1,700,000 1,500,000 1,562,000 1,000,000 is94 10/l~ 225,000 .... 100 592,070 1892 500 113,500 1892 1,000 405,000 1892 1,000 157,000 .... 100 1,500,000 1891 1,000 1,500,000 '78-'82 500 362,000 1878 100 &c. 1,500,000 1880 500 &c. 630.000 1887 1,000 1,870,000 100 769,000 isoi 1,000 950,000 1886 1,000 500,000 1891 1,000 200,000 250,000 750,000 iso2 .... 100 3 ,500,000 1877 1,000 1,500,000 1887 1,000 250,000 1887 1,000 1 ,489,240 1886 1,000 1,000,000 1873 1,000 1,000,000 162,500 650,000 1864 1,000 350,000 1877 1,000 1,000,000 10,000,000 is7i 2,000,000 is7s 1887 $50 1,000 1,000 U>'oo lf33z110~0l~. 1.~88 Po1·tlaud & Roch ester KR.-Owus road from Portland, Me., 'to Rochester, N. H., 5'1 mile . ,. tock tautborized, $600,000; par $100); issued $592,070. Loans and bills payable June 30, 1895, $59,000. 'Terminal bonds i ssue limited to $113,500; there is no mortgage, but any subsequent mortgage is to provide for these bonds. Interest on the terminal bonds h1 guaranteed by the Boston & Maine. Dividends since July, 1886, to January, 1896, inclusive, 6 p. c. per annum. EARNINGS.-For year endin"' June 30, 1895: gross, $256,449; net, $63,247; other income, $2,731'; interPst and taxes, $7,414; dividends, $35,524; balance, surplus, $23,045. In 1893·4 gross, $222,279. Portland & Ku1nfo1·d Falls R y. - Owns road Gilbertville to Rumford F alls and Auuurn, Me., 26 miles; leases Rumford Falls & Buokfleld RR., ·,7 miles; trackage (Maine Central) to Lewiston, 4 miles; total operated 57 miles. Organized in 1890. STOCK.-Authorized, $300,000; par $100; issued, $265,900. Bonds due Oct. l, 1912, are a tlrst lien on the Auburn extension, 12 miles, and a second mortgage on the rest of the property. Both mortgapes are redeemable after five years from date at 105. On June 30, 1894, there were notes payable, $128,988. EARNi.NGS.-For years ending June 30: Gt·oss. Net. Int., tax., etc. Dividends. Bal., sur. 1894-95 ... . . $173,350 $72,458 $41,886 (5) $13,800 $16,772 1893·94 ... .. 111,431 43,974 29,871 (5) 12,788 1,315 Port Keading.-0wns 20 miles of road, 001Upleted in Sept. 1892 trom Bound Brook, N. J ., to Staten Island Sound, where extensive terminals were established. Capital stock authorized $2,000,000~utstanding, $1,565,000, par_$100, all owned by Philadelphia & Readmg RR. (V. 54, p. 762; V. D5, p. 544, 639, 680.) Port Royal & Augnsta.-Port R., S. C., to Augusta, Ga., 112 m RECEIVERSHIP ETc.-Stock is $750,000; par $100, and Central Ga. July 1, 1892, owned $401,500 stock and $1,176,600 gener al mort~a!];e bonds. January, 1894, interest was not paid. In May, 1893, J. H. .Averill was made receiver. On J une 30, 1894, there were equipment obligations $69,325; current liabilities, $179,404. In year Pnding June 30, 1895, gross, $254,907; deficit under opera· ting, $17,769; other income, $15; charges, $13,006 ; balance, de.tlcit•, $30,760. In 1893-94, gross, $ 287,961; net, $24,015. (V. 61, p. 704.) Port Royal & Western Carollna.-0wns Augusta, Ga., to Spartanburg, S. C., Laurens to Green ville, S. C., and McCormick to Anderson, S. C.• 230 miles. Interest on Augusta & Knoxville bonds due Jan. 1, 1893, went to default. SALE-At foreclosm'e Nov. 20, 1895. the Port Royal & Western Carolina and the Augusta & Knoxville were purchased for Samuel Thomas and Thomas Ryan for $2,6!l0,000, the upset price. The road will remain in the Central of Ga. System. CO.l\tMITTEE.-Augusta & Knoxville firsts-Paul Lang-don, Jr., J. D. Weed, J.M. Edwards (of R. T. Wilson & Co., N. Y.) V. 60 p. 967. STOCK.-Common, $1,234,000 and 6 p. o. n0D·OUID. pref., $184,000par $100. Central RR. of Georgia July 1, 1892, owned $1,767,000 of the above bonds, $694,000 common stock and all the preferred. EARNINGS.-In year ending June 30, 1895, gross, $397,699; net, :$57,123; charges, $178,019; 1'alance, deficit, $120,896. In 1893-94, ~~i~s, $409,762; net, $51,588.-(V. 60, p. 523,607; V. 61, p. 282,704, Portsmouth & Dover.-Portsmouth, N. H., to Dover, N. H., 11 miles. Opened February 1, 1874, and leased for fifty years to Eastern New Hampshire ati 6 per cent per annum on the stock, rental gnaranlteed by the Eastern RR. of Mass. Lease ·assumed by Boston & Maine. Potolllac VaUey .-Opened in September, 1893, Potomac Valley .J"unc., Md., to Cherry Run, W. Va., on the B. & O., 14 miles, and from Porters, Pa., to York, Pa., 16 miles. Road also to be built from York to the Philadelphia & Reading RR. near Marietta, Pa., and from Thomasville, Pa., to the Philadelphia Har• risburg & Potomac Railroad, 8 miles west of Harrisburg, 21 miles. making tot al mileage 65 miles. The property is leased to the Western Marylana, and the bonds have principal and interest guaran• teed, jointly and severally, by the Western Maryland RR. Co. and the Baltm10re & Harrisburg RR. Co., and are so endorsed. (V. 52, p. 121.) Prescott & Arizona Central.-Seligman to Prescott, Arizona 73 mile . No longer operated. W. N. Kelly, receiver. (V. 62, p. 84.) Prospect Park & Coney Island,-Owns from 9th Avenue and 20th Street, Brooklyn, to Coney Island, etc., 6 miles; leases to Coney Island Point, etc., 212 miles; other, 1 mile; trackage, Parkville to Bay Ridge, 312 miles; total, 13 miles. Stock is $250,000; par, $100. HIBTORY.-The Long I sland RR. acquirea controlling interest in stock in 1893, and in consideration of a l,l"uaranty by that cou1pany, annual intereet on the greatt1r part of P. P. & U. I.'s bonded debt was reduced from 6 and 7 per cent to 412 per cent. See V. 56, p. 42. On June 30 1895, there were $141,000 loans an<l bills payable. First mortgage bonds for $500,000 due J an. 1, 1895, were paid. EARNINGS.-For years ending June 30 : Gross Net. Other income. Int., taxes,etc. 1894-5 .... . $139,366 $19,019 :t-22,3 01 1893-4..... 144,920 def. 8,287 18,533 1892·3..... 171,332 31,273 17,361 -(V. 59, p. 3'76, 920, 1105; V. 61, p. 469.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $65,980 59,541 63,591 Balance. 7 per an. M. & S. N. Y., Far. L. & Tr. Co. 6 F. & A. Phila., Fidelity Tr. Co. 5 M. & N. N. Y ., Farm. L. & Tr. Co. See text. ..... ·-········ 412g. J. & D. .......... 6 J. 15-J. ..... ... .. 4 A. & 0. Boston, Nat. Bk. of RAd. 5 F. & A. !:lo ton, Old Colony Tr. 5 g. A. & 0. do do 6 per an. J. & J. Boston. Treasur. Office. 5 g. J. & J. See text. 6 J. & J. July, '93, coup. last pd. 6 J. & J. ... ..... .. 7 J. & J. July,'92, coup.last paid 6 M. & N. 6 per an. J. & J. Portsmouth, Treasurer. 5 g. J. & J. Baltimore. 412 & 6 F. & A. Of., 4 Court Sq. Br'klyn. 412& 6g. M. & 8. do do ...... .. .. . ........ . 5 g. J. & J. Provicl'ce, Globe N. Bk. 10 per an Q.-M. Providence, Office. 6 A. & O. Prov.,R.I.Hosp.&Tr.Co. 5 J. & D. N.Y., Gilman, Son & Co. 5 J. & D. June '90 coup. last paid. 6 J. & J. Balt.&Phil.Mech.N.Bk. 8 J. & J. Balt.& Phil. Mech.N.Bk. 5 J. & D. Balt.Merc.Tr.& Dep.Co. 5 M. & 8. Phila., Phil.&Read. RR. 5 J. & D. do do 6 J. & D. . • •. . . . • . . 8 per an. J. & J. N.Y.,Del. &H.CanalCo. 7 M. & N. do do Sept. 25, 1895 Aug. 1, 1908 Nov. 1, 1927 (1) ,June 1, 1944 Jan. 15, 1896 Oct. 1, 1907 Feb. 1, 1912 Oct. 1. 1912 Jan. 15, 1896 Jan. 1, 1941 1898 & 1899 Jan. 1, 1899 July 1, 1900 May 1, 1937 Jan., 1896 J an. 1, 1941 Feb. 1, 1926 Moh. 1, 1931 May 1, 1920 July 1. 1922 Dec. 31, 1895 Oct. 1, 1897 Deo. 1, 1917 Dec. 1, 1917 Jan. 1, 1926 Jan. 1, 1898 $25,000 J'ne 1 Moh. 1, 1912 June 1, 1904. Dec. 1, 1917 Jan., 1896 May 1, 1921 Providence & Sprlngfield,-Providence, R. I., to Douglas, Mass., on the N. Y. & N. E. main line, 30 miles. Atook is $517,450 (par, $100), mostly owned by the N.Y. New Haven & Hartford. V. 61, 1014. Road leased to N. Y. & New England for 99 years from July 1, 1890, at 6 per (lent on stock. See V. 51, p. 458; V. 55, p. 177. The bonds were guar- · anteed by the N. Y. & New England. In 1893 gross, $182,450 ; net, $28,073.-(V. 60, p. 1059; V. 61, 1014). Providence & Worcester.-Owns from Providence, R. I., to Worcester, Mass., 44 miles, of which 5 miles are owned jointly with Boston & Providence; branches, 7 miles; total operated, 51 miles; From July 1, 1892, leased for 99 years at 10 per cent per annum on the stock to the N. Y. N. H. & Hartford. Extra dividend of 4¼ per cent was paid out of assets in March, 1893. For year ending June 30, 1895, total income was $447,361, against $446,398 in 1893-94; surplus after expenses, charges and 10 per cent dividends, $2,217, against $789 in 1893·94. Total surplus June 30, 1895, $211,066. (V. 56, p. 83.) fiulncy Omaha & Kansas Clty.-West Quincy to Trenton, Mo., 'Ci 134 miles; trackage (C. B. & Q.), to Quincy, 3 miles. HISTORY.-Successor to Qumcy Missouri & Pacific sold in foreclosure and reorganized. Default was made on Dec., 1890, coupons, but pref.. 1st mortgage coupons were afterwards paid in full. The stock is $1,623,240 rpar$100). Road was operated by Theodore Gilman of N. Y. and Ward W. Jacobs of Hartford, Conn., as trni,.tees of first mortgage. REORGANIZATION-CONSOLIDATION-It is proposed to consolidate the Q. o. & K. c. with the reor 5 anized Omaha & l:!t. Louis; the Q. o. & K. C. non·preferred bonds to receive either 70 p. c. in cash or 80 p . o. in n e'w flrtlts and 40 p. c. in 2d mortgage incomes of the consolidated company. V. 62, p. 41. EARNINGS.--Jan. 1, t o Dec. 31, 1895 (12 months), gross, $261,320, agaimt $238,570 in 11!94. ANNUAL REPORT.-Report for fiscal year ending June 30, 1895, was in V. 61, p. 515, showing earnings as follows: G1·oss. Net. Intc1·est. Taxes, etc. Balance. 1894·5 ...... $243,575 $64,207 $12,500 $13,853 sur.$37,854 1!:.<93-4..... . 248,409 58,380 12,600 107,970 def. 62,190 -V. 61, p. 515; V. 62, p. 41. aleigh & Augusta Air 1,lue ,-Owns from Raleigh, N. C., to Hamlet, N. u., 97 miles; Hamlet to Gibson, 10 milss; leases Moncure to Pittsboro, 12 miles; total, 119 miles. Controlled by R aleigh & Gaston, which July 1, 1893, owned $772,200 stock, and so by Seaboard & Roanoke. STOCK is $873,600; par, $100. On June 30, 1894, equipment oblillations were $118,750. EARNINGS.-Year ending June 30, 1895, gross, $431,087; net, $106,971; other income, $5,950; charges, $71,523; balance, deficit, $41,398 . In 1893-4, gross, $350,901; net, $32,436, but operating expenses included $30,274 paid for Haw River bridge. (V. 61, p. 751.) Kaleigh & Gaston.-Ownsfrom Raleigh to Weldon, N. C., 98 miles and Louisburg branch, 10 miles. Controls Raleigh & Au~sta RR., 107 miles, and has large interest in Durham & Nortllern RN., Durham to Henderson, N. C., 42 milee; and with Seaboard & Roanoke controls Carolina Central; also controls Georgia Carolina & Northern and jointly guarantees the bonds. Seaboard & Roanoke owns $742,200 of the Raleigh & Gaston $1,500,000 stock; par, $100. DIVIDENDS.-In 1889, 1890 and 1891, 6; in 1892, 4 p. o.; none since. EARNINGS.-In year ending June 30, 1895, gross, $593,852 ; net, $194,035; other income, $29,784; charges, $283,163; balance, deficit, $59,344. In 1893-94, gross, $507,782; net, $106,588. R eading & Columbia,-0wns from Columbia to Sinking Springs, Pa., 40 miles; branches, 13 miles; operates MariettaJmaction to Chickies, 6 miles; total operated, 59 milas. Quarryville branch of Lancaster & Read. was sold in June, 1894, at auction. Stock, $958,373 (par. $50l, of which $786,300, with the $1,000,000 debentm·es, was owned by Phil. & Read. and deposited under its coll. trust of 1892. The road is oontrolled and opeuted bv the Phila. & Read., b1tt accounts kept separate. In year endmg June 30, 1895, gross,$2 79,783; n_et,$90,183; other incom11, $1,106; chargee, $117,991; balance, defl01t, $26,702. In 1893-94, gro1-1s, $284,170; net, $87,932. Rensselaer & Saratoga.-The line of road is as follows: R Road owned- Miles. Leased r Continued)- Miles. Troy to Lake Champlain ....... 79 Vermont line to Castleton, Vt. 7 LeasedrEagle Bridge, N. Y., to Rut• T roy to Waterford June., etc . . 7 land, Vt ................•..... . 62 Schenectady to Ballston........ 15 Total operated .... . •........ 192 Ft. Ed ward to Caldwell. . . . . . . . 15 Whitehall to Vermont line. ... . 7 LEASE.-Leased in perpetuity March 1, 1871, to the Delaware & Hud• son; rental, 8 per cent on the litoclf and interest on the bonds. Word• ing of guaranty on stock was in V 56, p. 773. EARNINGS.-For 3 months ending Sept. 30, 1895, surplus over charges was $36,996, a"'amst $48,020 in 1 894. For years end'inl! June 30 earnings have been: Bat., def. Yr.at•. Gross. ~et. Int., taxes. etc. def.$24,660 $406,3S7 $788,024 $1,194,411 def. 49,295 1894·5 ........ $2,273,479 4 34,778 758,395 1,193,173 def. 14,957 1893--L ....... 2,174,133 - (V. 59, p. ~91, 880; V. 60, p. 303, 837; V. 61, p. :S:4-2, 831. IN VESTORS' 114. SUPPLEMENT. (VOL. LXII. Subscribers -will confer a great f'avor by givin~ hn1nediate notice of any error discovered in these Tables. RAILROADS. For explanation of column headings, &c., see notes on first page of tables. Rich.Fred. d! Pot.-St'k,com.($1,071,100 div.,oblig.J Stock, guar. 7 p. c., except $19,300 guar. 6 p. c .. 1st mortgage, convertible ......... . ................ do coupon bonds due in London . ...... do do due in U. S ........... do certificates of debt, due in U. S ..... 2d mortgage do do ..... Consol. mortgage for $2,000,000, gold ....... c*&r Richmond cl: Meclcle,,burg-lst mortgage ........... 2d mortgage ........................................ Rich. Nichol. Jr,;. & B.-lstmortgage, gold......... c .. Richmond d! Petersburg-Stock ..•......... ....•..... Bonds-Prmof INTEREST OR DIVIDENDS. Miles Date Size,or Amount Rate per When Where Payable, and by pal, When Due. of of Par Stocks-Last Road. Bonds Value. Outstanding Cent. Payable Whom. Dividend. - - - - - -- ---· -·-· ·s2 82 82 82 82 82 31 ...... ·23 23 First mortgage ($24,500 are 7s) ................... 27 Consolidated mortgage for $1,000,000, gold .... c* Richmond York River cl: Chesapeake-SEE SOOTHE RNRA 62 Rio Grande Junction-Stock ......•.................. 62 1st mortgage, fold, guar. jointly ................ c* Rio Grande Sout i,ern-Stock, $25,000 J'.er mile ..... 180 ~st mortgaie, $25,000 per mile, gol ........• c*&-r 180 Rio Grande estern-Common stock ................ Preferred stock ($7,500,000 authorized) ......... 53i 1st trust mortgage, for $16,000,000, gold ...... c .. 434 Rive1· F1·ont-Stock, 5 per cent, j:,uar. Penn. RR .... ..... 1st mortgage,~ar. p. & i. by enn. RR .......... Roch. d! Genesee al.-Stock, 6% rental Erie RR ..... ·"is Rock Island d! Peoria-Stock .....•......•............ 113 91 1st mortga1e ...................................... r Consolidate 1st mortgage........................ r 113 R ome cl: Clinton-Stock ........••. .........••....... .... R01:ne Watertown ,f' Ogdensburg-Stock, guar. (end.) 1st M., Wat. & R.,Rome to Ca~e Vin.,s.f.,not dr'n.c* ·97 $100 100 Various Various Various Various i856 1858 1870 1858 '44·66 ··---1890 $1,000 1882 iss9 i875 1890 ILW.A.Y iss9 isoo ..... iss9 iss2 ...... ---- 1878 1885 . ... i855 ----------· 1,000 100 500 &c. 1,000 Co. 100 ,2,000,000 1,000 1,850,000 J. ··&·n. N. Y., Maitland, P.& Co. 100 4,510,000 1,000 4,510,000 se·e .text. J." .&.. J. N. Y., Maitlancf,°P. & Co. 100 10,000,000 . . . . . N. Y. ,office,32 N assauSt. 100 6,250,000 se·e·text. Q.-F., do do 1,000&c 15,200,000 4 g. J. & J. N. Y., State Trust Co. 50 300,000 5 All owned by Penn. RR. 1,000 300,000 412 ..... Phila., Co.'s Office. 100 555,200 6 per an. J. & J. N. Y., by Erie RR. Co. 1,500,000 5 per an. J. & J. •Rock lsl.,Ill., by check. -----25,000 150,000 10 J. & J.jN. Y., Corn Exch. Bank. 5,000 450,000 6 J. & J. do do 100 345,360 614 J. & J. 100 10,000,000 5 per an. Q.-F. N. Y., Gr. Cent. Station. 100 &c. 417,800 M.& S. 6 do do Kich1nond & Danvllle.-See Southern Railway Co. Kich1nond Fredericksburg & Poto1nac.-0wns from Richmond, Va., to Quantico, 79 miles; James River branch. 3 miles; leases Quantico to Junction, etc., 4 miles. total 86 miles, The dividend obli. gations receive same dividends as common stock, but carry no voting power. The guaranteed stock is said to be seoured by a mortgage ahead of the consols. Consols are reserved for prior bonds maturing. Of the $35,370 of 6s and 7s maturing July 1, 1895, $9,400 were converted into common stock and balance paid off. DIVIDENDS of 7 per cent paid on common stock and dividend obliga.tions in 1888 and 1889; in 1890, 612 p. ct,; tn 1891, 7 ~- o.: in 1892, 7 p. c.; in 1893, 7 p. c.; in 1894, 612 p. c.; in 1895, 7 p. c.; m 1896, Jan., 312 p. c. E.ARNINGS.--5 months.?_ 1895, gross, $295,828; net, $109,918. July 1 to Nov. 30. 5 1894, gross, 275,703; net, 91,001. ANNUAL REPORT.-Report for year ending June 30, 1895, was in V. 61, p. 1105, showing gross earnings from operations $705,310, net, $237,571; other income, net, $14,695; interest and guaranteed dividends, $93,901; dividends, 157,090; balance, s•irplus, $1,275. In 1893-94 gross, $668,074: net, $224,918.-V. 60, p. 41, 1105. Kich1nond & lUee.klenburg.-Owns road from Keysville, Va., to -Clarkesville, Va., 31 miles. Road is operated by Southern Ry. Co. under operating contract by which R. & M. gets the net earnings and certain per cent on traffic derived from Southern Ry. within limited territory. BTOCK.--$357,900; par $100. EARNINGS._:For year ending June 30, 1 894, gross, $52,869; net, $7,796; charges, $19,040; balance, deficit, $11,244. In 1~92.93, gross, $63,111; net, $14,577. Richmond Nicholasville Irvine & Beattyvi1le.-Line of road-Versailles, Ky., to Beattyville at the Three Forks of the Kentucky River, 97 miles, of which 62 miles, Versailles to Irvine, Ky., are in operation. In Dec., 1891. .John MacLeod was appointed receiver. Foreclosure sale is expected to take place in early in 1896, npset price $550,000. Reorganization under consideration. , B tt H y T W Bull·tt H L St C OMMITTE~.enne • oung, • • i , enrr · one. J ~mes Guthrie, 1?· R. Sparks it!)d A. L. Burnham represent mterests of R1chmon~ & Irv~ne Construction Co. V: 61, p. 1014. The clarms agamstthe company aresa1d to amount!to about $700,000. (See V. 60 p. 837). Stock authorized, $2,425,0QO; par, $100. Tl.le guaranty placed O?- certain of the bo_nds by officers of the. Louisville New Albany~ Qh1cago w_:as declared ille .,.al by Judge Barr m Fe~eral Court at Lomsville, "!{y., m September, 1 894. (See L. N. A. & C. item, V. 59, p. 473.) But m October, 1894, an apneal was taken. EARNINGS.-For year ending June 30, 1895, gross $66,823; net, $15,917.--(V. 59, p. 153; v. 60, p. 837; v. 61, p. 663, 1014.) Riclunond & Petersburg.-0wns from Richmond to Petersburg, Va., 23 miles; branch, 5 miles. Belongs to Atlantic Coast Line. DIVIDENDS since 1883-In 1884, 1885 and 1886, 5 per ceRt; tn 1887, 6: from 1888 to Jan., 1894, inclusive, 7 per cent per annum; in July, '94 only 3 p. c. was paid; in 1895 612 p. c • in 1896 Jan. 312 p. c. ' ' " ' ' EARNIN<.:-s.--5 months,?. 1895 .. Gross, $147,915 ~ net, $46,839. July 1 to Nov. 30 .. 5 1894 .. Gross, 137,009, net, 32,785. ANNUAL REPORT.-F1scal year ends June 30. Annual report for 1894-95 in V. 61, p. 1062, showed gross receipts, $374,925; net, $123,363; other inC()me, $4,942; interest, $35,878; dividends, $65,000; balance surplus, $27,427. In 1893-94gross,,$366,708; net, $119,190; ·other income $6 094.-(V. 59 p. 918 1059 • v. 61 p. 1062.) ' ' ' ' ' ' Kich1nond York River & Chesapeake.- l SEE SOUTHERN Kich1nond & West Point Ter1nina1.-5 RAILWAY Co. Kio Grande .-runction.-0wns road from Rifle Creek, Col., to a connection with the Rio Grande Western at Grand Junction, 62 miles. This is a connecting link in the standard·gauge route between Ogden and Denver and Colorado Springs. Leased by Colorado Midland and Denver & Rio Grande at 30 per cent of gross earnings, which companies jointly and severally guarantee the bonds, principal and interest. Stock is $2,000,000 (par, $100), of which Colorado Midland (Atchison) July 1 1892, owned $737 150 (V 51, p. 829, 830; V. 52, p. 204.) Kio Grande Southern.-( See Map Denver d! Rio Grande.J-Road ~ompleted Jan., 1892, from Dallas (new name Rid~eway), Col., on the .Oenver & Rio Grande, southerly to Durango, 162 miles, and branches to Telluride and coal fields near Hesperus, 18 miles, all narrow gauge. . . , . ORGANIZATION, ETc.-On Dec. 1, 1895, the receiver (appomted m Au~ .• ~893), was d1schar~ed. .All the oonds assented to the plan by which mterest on firsts 1s reduced from 5 per ce.nt to 3 per cent for ~hree years and 4 per CeJ?t thereafter; all unpa~d coupons to an_d mcludmg Jan. 1, 1895, be~g canceled. A fil:aJor1ty of the stock 1s owned by D. & R. G. and by 1t has been placed m tru~t. See D. & R. G. report V. 61, P, 421. Mortgage (trus~ee, Central Trust C~. of New York) is for $5,000,000 at $25,000 per mile. on ~oad and eqm.p ment. Abstr~ct of mortgage V. 54, p. 163, and application to N. Y. Stock Exchange m V. 54, p. 446. EARNINGS.--5 months, 5 1895, gross, $222,918; net, $127,157. July 1 to Nov. 30. c1894, gross, 183,068; net, 913,541. For year ending June 30, 1895, gross, $'102,798; net, $200,996. In 1893-~4, gross, $329,694; net, $150,440 (V. 60, p. 392, 481, 1059; v. 61, p. 153,42I. 872, 1014, 1156.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,248,900 See text. J. & J. Phila. & Richmond. 500,400 7 per an. M.&N. do do 99,070 5 J. & J. do do '17,248 J. & J. 5 do do 300,000 M.&N. 6 do do 83,303 7 J. & J. do do 53,511 5 J. & J. do do 500,000 412g. A. & 0. N.Y., Phila. orRichm'd. 315,000 6 M.& N. 160,000 6 M.& N. 2,375,000 6 g. J. & J. In default. 1,000,000 See text, J. & J. Richmond, Office. 359,500 6&7 M.& N. do do 300,000 412g. A. & 0. N. Y., Brown Brothers. ·--1rg. ..... I --- Jan. 2, 1896 Nov. 1, 189 5, 1901 1901 1901 July, 1899 1901·1902 Apr. 1, 1940 Nov., 1921 1937 July 1, 1919 Jan. 2, 1896 May 1, 1915 Apr. 1, 1940 Dec:· 1; .i939 Juiy · "i," ·i940 . -- -.... Aug. 1, 1893 July 1, 1939 1; May· .i912 Jan., 1896 Jan., 1896 Jan. 1, 1906 Jan. 1. 1925 July, 1895 Nov. 15, 189~ Sept. 1, 1910 I Kio Grande Western.-, See Map.J-LINE OF Roan-Owns Cre Ogden, Utah, 310.m, to Wasatch, Bip.gham, 9oal ~ines, etc., 5~ m.; Sa;i. Pete branch,. ~histle to Manti, 61_ nnles; ~evier Railway (I?ro:prietary line-all se~ur1ties owned), Ma;i.~ to Salina, 26. mll~s; Tmtw Range Ry. (proprietary_ line, all securities ow~ed)-Sprmgville to Mammoth, and spur~. 53 miles; total owned, 502 miles. Lea~es Crevasse to ~rand Jun~t~on, 18. mile~. Total. operated, 520 _mil~s, of w~ich ~ miles ownedJomtly with Uruon _Pacific. All the mam lme iR laid wit~ 65 lb. steel. AJ.so owns 11 miles of t:ram~ays. A 1:>ranch from Salina south to Richfield, Utah, about 20 nnles, is to be built. HISTORY.-Formed in June, 1889, to succee«;t. th:e Denver & Rio q-r.ande WesterJ?-,. by p~an of March, 1889, for w1denmg gauge and re· tirmg old secur1t1es with new issl!les. See V. 48, p. 429; V. 52, p. 941. CAPITAL STOCK.-Preferred stock is entitled to 5 per cent dividend,. non-cumulative, then common stock to 5 per cent, after which both classes of stock snare pro rata. DIVIDENDS.-On preferred stock: In 1891, 212 per cent in pref. stock and 3¾ p. c. in cash; in '92, 5 p. c. in cash; in '93, 334 p. c. None since. BONDS.-See abstract of mortgage (Centra1 'l'rusu uo., trustee) in V. 49, p. 237, and statement to New York Stock Exchange in V. 50, p. 73. In J:.?ecember, 1893, $1,200,000 :(i,rst m01·tgage 4s w_:ere issued to fund fl.oatmg d~bt ($731,0~0) and. for ~provemep.ts. This mortgage covers the 434,nnles owne~ ~n fee, rncluqin~ 11 nnles ot' t,r~mways, but J?-Ot, ~he Sevier R.v. secur1t~es nor the rll!-t1c Range securities, both of whwb issues are held as available. assets m the treasury. On June 30, 1895,. there were $800,000 firsts m the treasury. E.ARNINGS.-5 months,?. 1895 .. Gross, $1,164,086; net, $503,056. July 1 to Nov. 30. 5 1894 .. Gross, 985,607; net, 345,447. ANNUAL REPORT,-:--Fiscal year ends June 30. Annual me~ting is held on fourth Mond~y m October. Full r~port for _189_4-95 with balance sheet, etc., was m V. 61, p.701, 708. See also editorial, p. 684. Yem· end. {-une 30-1895. 1894. 1893. 1892. Average mifeage...... 531 531 529 512 Gross eai:rungs .....•. $2,189,691 $2,101,318 $2,496,462 $2,643,924 Net earnmgs......... 667,094 647,083 822,733 910,497 Net income . ....... ... 715,748 670,691 846,468 928,571 Cnterest on bonds..... 608,000 586,089 560,000 560,000 Rental, etc............ 67,485 75,252 60 558 37 120 Dividends 312'4l6 31 2 •3 98 ············_____ _____ ' ' I vasse, Col., to Total payments.. $675,485 $661,341 $932,974 $909,51~ Balance .... ....... sur. $40,263 sur. $9,350 def.$86,506 sm·. $19,051 -(V. 59 p. 696 698· V 60 p 260 837 874· V 161 p 684 701 708 ) ' ' ' · ' · ' ' ' ·• ' · ' ' · Kochest~r & Genesee Valley.~0wns fro~ Avon t(? Roc~ester~ N. Y., 18 miles. Leased July 1, 1871, ip.. perpetmty, to Erie Railway. Rental, $34,012. Ja~es Brackett. President. Rochester, N. Y. Kock .Isl~nd & Peo.ria.-0wns from Roe~ Island, Ill., to Pe.oria. Ill., 91 mile~, R. I. & Me~cer County RR., 22 nnles; ~ran~h 5 miles;. total 118 miles. Leased m 1894 for 999 ye~rs the Preemption }!:astern RR., 5 mlle.s, in Mercer Co., ill. r_r:he Peoria & R. I. was sold m foreclosure April 4, 1877. In year endmg June 30, 1895, gross $607,374;. net, $238,855; other income, $7,746; charges, $74,794: dividends. $75,000; balance, surplus, $96,807. In 1893-94 gross, $638,227; net. $246,625. Semi•annual dividends at 5 per cent per annum are paid. President, R.R. Cable. Rocky Fo.rk & Cook City -SEE MISCELLANEOUS COMPANIES . • . · ~01ne & Clin~on.-0wns road from Ro~e. to Clinton, N. Y., 13 miles. Organized m 1869. Leased in perpetmty m 1891 to Delaware & Hudson Canal Co. and operated by N. Y. Ontario & W. Capital stock, $345,360. For year ending June 30, 1894, rental, $22,375; sundry expenses, $762; divide1;1ds (614/er cent), $21,581; balance sur• plus, $32. Total surplus June 30, 189 , $14,748. Ko1ne Waterto-wn & Ogdensburg.-( See Map New York Oen• tral d! Hudson River Railroad.)-Owns from near Niagara Falls to Massena Springs, N. Y., 299 miles, less 28 miles, Richland to East Oswego,leasedfromtheOswego&RomeRR.;RichlandtoRome.41miles; branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc., 109 miles; total owned, 421 miles. Leasef! Utica & Black River Railroad, Utica to Ogdensburg, a:J?-d Clayton branch, 150 miles; Oswego~ Rome Railroad as above, 28.miles; Cartha~e Waterto~ f& Sackett s ~arbor, 30 m.; total, 629 miles. Also trackage-to Niagar~ Falls, 2 miles; Fulton to East Oswego New York Ont. & Western 1~ mil~s. _ LEASE.-In March, 1891, leased durmg its corporate existence and renewals thereof to the New York Central & Hudson River RR. Co., which assumes the debt and guarantees 5 per cent on the stock. For wordin/? of guaranty see v. 52, p. 463. stock increased $500,000 (to $10,000,000) in May, 1894. Earnings are included in lessee's. DIVIDENDS.-From 1887 to February, 1891, both inclusive, at rate of 6 per cent yearly; March, 1891, 20 per cent in stock; in May and there• after 5 ~er cent per annum guaranteed. BONDS.-OnJune 30, 1894, equipment trust obligations were $364,398. Utica cl: Black River is leased in perpetuity, interest on bonds and 7 per cent on stock being guaranteed. The first mortgage bonds of 1i;90 are guaranteed, p. and i., by the R. W. & 0. See V. 50, p. 771. The Oswego d! Rome road is leased in perpetuity, and the second mortgage bonds guaranteed by Rome Watertown & Ogdensburg. Carthage Watertown & Sackett's Harbor is leased. for 3712 per cent of gross earnings. (V. 53, p. 713,793, 1015; V. 57,p. 1124; V. 58,p. 733.) ~ ~ MAP OF THE rn ~0 i:q ~ w. ~ 0 0 ~ UJ. I ,....., ~ ~ ~ ~ ~ ::.:> z,<!j ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 N K 0 IN'VESTORS' Sffi">PLEMENT. [VOL. LXII. Snbl!lcribers will confer a great favor by giving ilnJUediate notice of any error discovered In these Tables. Eonds--Princi RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or When Due Amount Rate per When Where Payable, and by pal, Par Fol' explanation of column headings, &c., see notes of of Stocks-Last on first page of tables. Whom. Road. Bonds Value. Outstanding Cent. Payable Dividend. Rome Watertown d! Ogdensbm·g.-(Ooncluded)- - --- - - - Syracuse North'n, 1st M. Syracuse to Sandy Cr.o* 45 Consol. M. (int. but not prm. payable in gold) .. c. All Oswego Bridge Co. 1st mortgage ..... . .. .......... ·--Syracuse Phenix & Oswego 1 st mortgage.... . ..•. 17 ~orw'd&Mont. lst M., g.,$360,000; $10,000p.m. 13 :R. w. & Og.Term. RR. 1st M., gold, assume.l ..•. o* 14 Oswego & Rome, 1st mortgage, guaranteed ....... 28 2d M.,,old, guar p. & i. (end) by R. W. & O .. c• 28 N. Falls r. RR. stk., ($243,000own. by R.W.&O.) 9 Utica & Bl. Riv. st'k,7 p. c. perpet. gu. by R.W.&O. 150 Clayton & Theresa 1st mortgage ............... c 16 U.&B.R.lst M., $2,000,000, g., gu. p.&i.(end.) .c 134 Ruvert & Bloomsb' g-lst M.gu.p.&i. (end.)P.&R.g.c* 2 .1tuitand-8tock, preferred (for com. see text) ...... 120 1st mortgage (8 per cent, reduced to 6) .......... o 120 2d mortgage and first on rolling stock . . ......... c 120 First consol. mort. for $3,500,000, gold ...... c*&r 120 Sag.Tuscolad!Huron-lst M.,$15,000 p.~.,gold ... c* 67 Saginaw V allej d! St. Louis-1st mortgage.. . . . o&r 36 ,St. a. Mad. d! t. L. Belt-Alton Bridge lstM., g .. c* .... ~t. Johnsbury d! L. Ohampl.-Stock, $1,298,500, pf. First mort., ($1,328,000 guar. by B. & M.)gold.c* i3i Bt. Joseph d! Grand Island-':.-Stock ................ _.. 1st mortgage, gold., interest guar. by U.P ...... o* 252 2d mortg~e, income, gold ...................... o* 252 Kan. C. & . RR. lstM.($15,000p.m.)g.,intr..c*&r 196 St. Lawrence d! .A.dirondaclc-lst mort., ~ol , gu .. o ·-·· Malone & Lawenee, 1st mortga~e, gold, guar .... Bt. L. Alton d! Spri,ngfield.-SEE ST. LOUIS CHICAGO & 8T.-PA Bt. Louis Alton d! Terre Haute-Common stock ....... Dividend bonds ..................................... lstM.and term'l ($2,500,000), g., red.at 105.c*&r 14 ---· 1871 1874 1885 1885 1886 1888 1865 1891 -·-· '68-71 $1,000 1,000 ---------------1,000 1,000 1,000 ------ 100 1873 500 &c. 1,000 1890 1,000 1889 100 i872 100 &o. 1878 100 &c. 1,000 1891 1,000 1891 1,000 1872 1,000 1893 50 1,000 i894 100 1,000 iss5 1,000 1885 500 &c. 1887 1,000 1,000 ---· UL, iss·1 1894 100 1,000 1,000 Rutland.-Owns Bellow's Falls, Vt., to Burlington, Vt., 120 miles. LEASED in 1890 tor 999 years from Jan. 1, 18911 to Central Vermont; rental $365,557 per annum ; this will be moreased as new equ1pment and other permanent improvements are put upon the prop· erty to $370,000 per annum, payable monthly in gold. The net income will pay 4 per cent on the preferred stock now, and after the funding of existmg mortgages may pay 5 per cent. See V. 53, p. 124. 8TOCK.-The Delaware & Hudson owns $3,000,000 of the preferred and $1,000,000 of the $2,480,600 common stock, par $100. DIVIDENDS on preferred stock in 1884 and 1885, 1; in 1886 and 1887, 1¼; 1n 1888, 1; in 1889, 1¼; in 1890, 3; in 1891, 2; in 1892, 4; in 1893, 4 p. o.; in 1894, 4 p. c.; in 1895, 4 p. c; ln 1896, Jan., 2 p. c. BONDS.-The second mortgage is a tlrst lien on rolling stock and per11onal property. The consolidated mortgage (trustee, U. 8. Trust Co. or N. Y.,) is tor $31 ~00,000, but or this$3,000,000 can be issued only as prior bonds for .li.Ke amount retired. (V. 59, p. 115; V. 61, p. 195,) aginaw Tuscola & Huron.-Owns from Saginaw, Mich., to Bad Axe, 67 miles. Opened as a standard gauge road June 29, 18Jl. Common stock authorized, $600,000; par $100. No first mortg.i.~e bonds had been sold to January, 1895, but the $1,000,000 i,sued w ~re held as collateralforthefloathagdebt. Wm.L.Webber, Pres., Saginaw. EA.RNINGS.-11 months, r 1895 ....... . Gross, $106,364; net, $23,626 Jan. 1 to Nov. 30. ~ 1894 .... . ... Gross. 111,018; net, 33,361 In year 1894 gross, $124,382; net, $39,576. In year 1893 gross, $125,518; net, $:i8,843. · S~lnaw- Valley & St. Louls.-Owns from Ithaca to Pains, Mictt 36 miles, and leases Alma to St. Louis and Pains to Saginaw, 9 miles; total, 45 miles. Opened January, 1873. Operated in connection with Detroit Lansing & No. Coupon due Nov. 1, 1893, was purchased not paid. Stock authorized, $300,000; out,standing, $264,804; par, $100. LA.TEST EA.RNINGS.-11 months { 1895 .. Gross, $77,219; net, $16,111 Jan. l to Nov. 30. 51894 .. Gross, 78,936; net, 20,650 ANNUAL .REPORT.-For years ending December 31: S J. & J. N. Y., Gr. Cent. Station. $500,000 7 9,076,000 A. & 0. 5 do do 100,000 6 .F. &A . do do 175,000 F. & A. 6 do do 130,000 5 g. A. & 0. do do 5 g. M.&N. 375,000 do do 350,000 7 M.&N. do do 5 g. 'F . &A. 400,000 do do 250,000 7 per a n. do do 2,223,000 7 per an. M:·&·· 8. do do 200,000 7 J. & J. do do 4 g. J. & J. 1,750,000 do do 50,000 5 g. J. & J. Philadelphia. 4,239,100 4 per an. J. & J. Rutland, Clem. Nat. Bk. M.&N. Bost.on, Globe Nat. Bk. 1,-164,100 6 1,4S0,900 5 F. &A. do do 4¼)g. J. & J. N. Y., U. 8. Mort'ge Co. 605,000 See text. 5 g. M.& S. 446,000 M.&N. SeA text. 8 5 g. J. & J. N. Y., Central Trust Co. 500,000 3,848,590 ... 5.g, M:·&· S. Boston, Comp'ys Office. 2,068,000 4,556,100 ...6.g. M:·&··N. Nov., '93, coup. last pd. 6,998,000 1,679,000 5 g. J. & J. Bee text. 2,713,000 5 g. J. & J. July, '93, coup. last pd. 5 g. M.& S. 400.000 New York Agency. 240,000 5 g. M.& S. do do 3,470,800 79,000 2,275,000 ...6.. 1, 1, 1, 1, 1, 1, 1, 1, 190 1 192 2 191 5 191 5. 191 6 191 8 191 5 191 5· ......... Sept. 30, 189 5JUly 1, 189 8 July 1, 1922 July 1, 191 9 Jan. 2, 189 6 Nov. 1, 190'2 Aug. 1, 189 8 July 1, 1941 Sept. 1, 1931 May 1, 1902 See text. Mch. -1.- -i94 4 May·1;-i92 5 July 1, 192 5 Jan. 1, 192'1 Mch. 1, 198 1 Sept. 1, 199 1 ·-·····--· . -... ·-· N. Y., State.fiust Co. June·1,--i91 4 June· 1 5 g. J. &D. July July July Feb. ~r. ay May May Joseph & Grand Island and Union Pacific under a perpetual agreement for operating the road. The Union Pacilio owns $1,595,500 bonds and $1,725,375 of the $4,410,000 stock of the Kansas City & Omaha, and St. Joseoh & Grand Island owns $1,822,500 stock. Coupons due Jan. 1, 1894, were not paid. Bondholders' committee: F. P. Olcott, E. C. Benedict, Simon Wormser and 8. L. Parrish; depository, Central Trust Co., N. Y. V. 58, :p. 1072; V. 60, p. 43, 44. Bill of foreclosure of first mortgage was filed m June, 1895.-(V. 60, p. 1009.) "'EARNINGS-11 months, r 1895 ....... • Gross, $564,925; net, $105,743 .Jan. 1 to Nov. 30. 51894 .....•.. Gross, 724,462; net, 176,735 o~!::~e ~!!i~i;~a~ffi~~l miles, and do not include Kansas City & In 1894 gross earnings (see *above), $786,983; net, $190,613; guaranty account, $274,700; taxe~, $4.,,a13; interest on bonds, $420,000, due Kansas City & Omaha under traffic agreement, $120,786. In 1893, gross, 1,005,698; net, $337,912. (V. 59,p. 291,541; V. 60, p. 43, 10U9; V.61,p.367,831,1014. St. Lawrence & Adironda"k KK.-From Malone, N. Y. (on Mohawk & Malone) to Valleytleld, Quebec, 32 miles. From Valleyfield a connection will be made through the Southwestern RR., via, Beauharnois and Caughnavalla, with the Canadian Pacific at its St. Lawrence River brid1>e near Montreal. H1sTORY.-A consolidation in November, 1895, of the Malone & St. L. and St. L. & Adirondack Ry. Stock, $500,000. The bonds were reported guaranteed by Central Vermont, which formerly operated the property. President, W. Seward Webb. (V. 61, p. 926. St. Louis Alton & Terre Haute.-Operates the "Cairo Short Line" route from St. Louis, Mo., across the coal fields of Southern Illinois to Paducah, Ky., with branches. I Proprietary LineMiles. Leased Lines-( Ooncl.)- Miles. E. St. Louis to Belleville, Ill... 15 St. Louis Southern1 Leased LinesPinckneyville to Carbondale. 30 Belleville & Southern IllinoisCarbondale & SllawueetownBelleville to Duquoin .••...•. 57 Carbondale to Marion ......•• 17 Gross. Net. Oth,e1• income. Int.,rents,etc. Balance. Chica~o St. Louis & Paducah1894 ..•.... $85,941 $21,721 .. $42,680 def.$20,959 Belleville & Eldorado-Duquoin to Eldorado ...•..•.. 50 Marion to Paducah, etc ...••• 53 1893 ....... 92,554 27,517 $1,604 42,680 def. 13,559 (V. 60, p. 347,) Belleville & Carondeletj Belleville to East Carondelet. 17 Total operated......••.....• 239 St. Clair ll.Iadlson & St, Louil!I Belt.-Projected to run from ORGANIZATION.-Successor to the Terre Haute Alton & St. Louis a point in St. Charles County, Mo., to Belleville, Ill., about 40 miles via bridge across the Mississippi River at Alton, Ill. In October, 1894, the sold in foreclosure in 1861. In October, 1890, the main line, 193 bridge and 5 miles of road were.completed. The bridge is 2,100 feet miles, which had been leased to the Cleveland Cincinnati long and lai<:]. for d_ouble-track. The U. B. & Q., Cleveland Cin. Chic. & Chicago & St. Louis was sold to that company for $10,000,000 of 4 pe:r cent 100-year gold bonds. Bee below and V. 51, p. 52, 114, 383. 494. St. L. and Missouri K. & T. roads have contracts to use the bridge. In October, 1895, the Chicago Peoria & St. Louis road-which seeSTOCK A.ND BONDS.-Authorized stock is $500,000; par $100. All was being foreclosed and reorganized under a plan by which the stock full paid and outstanding in October, 1895. First mortgage bonds of the reorganized company was to be owned by the St. Louis Alton & maturn July 1, 1933, but are subject to call at 105 and interest at any Terre Haute, the latter company to guarantee an issue of $5,275,000 time on 60 days' notice. of 4 per cent bonds. Suosequently it was announced tha t tbe reorPresident, E. F. Leonard, Peoria, Ill.; Secretary, B. L. Croiiby; ganization committee were unable to deliver poasession of the road as Treasurer, C.H. Hodgman, aoo North Fourth St., St. Louis, Mo. proposed.-(V. 61, p. 703.) St . .Yohnsbury & Lake ChaJUJ,>laln.-Owns from Lunenberg, BONDS.-The new first mm·tgage authorized in June, 1894. eovers the Vt., to Maquan Bay, on Lake Champlam, 120 miles, and branch from company's valuable real estate in St. Louis and the 14 miles of road Nor~h C(?noord, Vt., to East Haven, 11. miles; total, 131 miles. Rl,Or- owned, also equipment (on which are no car trusts) valued at $800,000. gamzed m 1880. The road is operatedmdependently although a major- The bonds are redeemable at 105 per cent on one year's notice. State ity of the stock is owned by the Boston & Lowell, which is now leased Trust Co., N. Y., Trustee. to the Boston & Maine. LEASED LINES-Belleville d! So. Illinois is leased for 999 years-rental The new firt>ts were issued to retire prior bonds and other obli~ations; amo1;1,nt authorized, $2,500,000; issued in March, 1894, $2,068,- 40 p. c. of gross earnings up to $7,000 per mile (except on coal, &o.), 30 per cent above $7,000 and up to $14,000 per mile, and 20 per cent 0001 of which $1,328,000 are guaranteed by the B. & M. In year any excess of $14,000. Interest and sinkin~ fund guaranteed. ending June 3~, 1895, gross, $357,102; net, $14,062; charges, $76,271; onCommon stock of Belleville & Southern lliinois is $417,000 and preBalance deficit, $62,209. In 1893-94, gross, $347,266; deficit under ferred $1,275,000, and dividends on preferred stock have been smoe operating, $2,469. 1886-6~ in 1887; 634 in 1888 and 1889: in 1890, 826 ; in 1891, 8·53; St • .Yoseph & Grand Island.-LINE OF Ro.AD-St. Joseph, Mo., 1 in 1892_. 8; in 1893, 8; in 1894, 8; in 1895, May, 312 p. c.; .r.ovember,. to Grand Island, Neb., 251 miles; Kansas City & Omaha Railroad 1 334 p. c. Stromsburg to Alma, 150 miles and McCool Junction to Kansas City & The Belleville d! Oarondelet is leased for 983 years from June 1, 1883, Omaha Junction, 44 miles; total, 445 miles. at a rental of $30,000 per year, which is a guarantee of interest on the HISTORY, ETC.-Union Pacific, owned $2,301,500 of the $4 - bonds, the stock of $500,000 being owned by the St. L. Alt. & T. H. 600,000 stock (par, $100). Net "accounts payable" Jan. 1, 1895, The Belleville d! Eldorado is leased :tor 985 years from July 1, 1880,. $540,411. at a rental of 30 per cent of the gross earnings, but $15,400 per year U. P. went into receivers' hands. Coupons due May 1 1894 and guaranteed. Stock, $1,000,000; par, $100, The St. Louis So""thern since not paid. ' ' Railroad (including Oa1·bondate d! Snawneetown) is leased for 980 years BONDHOLDERS' COMMITTEE.-F. P. Olcott, Chairman, 54 Wall St., N. for 30 per ce:nt.,.of gross earnings, minimum to be $32,000, and interest Y., Bernhard Mainzer, William L. Bull, of N. Y., and Gordon Abbott ~n bOJ?-dS bem_0 guaranteed to ~h~t extent.. Stock $500,000 (p_ar $1qo1. Old Colony Trust Co., Boston, call for deposit of lst mot·tgage bonds listed m N. Y. ~ Dec., 18~2. D1v1dends paid: In 1892 to 1894, molus1v~,. with Central •.rrust Co., N. Y., or Old Colony Trust Co., of B()ston. De- 5 p. c. ~early m March; m 18~5, May, 3 p. c.; Nov., non_e. The St. Lollis. posits subject to penalty after July 31. In Oct., 1895 , Central Trust Bo. conisol. l~t mort. of 1894 1s for $1,~25,000 (~~rcant~le Tr. Co., trus co. receipts :tor $4 130 000 firsts had been listed on N y Stock E _ tee,) authorized to redeem all the pr10r bonds, mcludmg Carbon~ale change v 59 p 541 ' · · x & Shawneetown firsts. In year 1893·94 rental was $82,813, agami,;t · • • · · $80,156 in 1892-93. The Ohicago St. Louis & Pa<1,ucah ts le~ed FORECLOSURE.-Decree for foreclog~re of first m01·tgage was granted for 978 years from March, 1888, at 30 per cent or gross earnings, with to C~ntr~l Trust Co. of N. Y., trustee, m November, 1895. A separate guarantee of prbtcipal and renta~ to pay first mortgage interest. (V. receiver 1s asked for. 47, p. 801.) The first mortgage bonds on this road are redeemable afte1 KANSAS CITY & OMA~A.-On application of first mortJ;tage bondhold.- September 1, 189~, at 105. In March. 1892, 2 per cent was paid on ers,. Messrs. Clark,. Mmk, Anderson a1?-d Coudert (receivers of Union second mortgage meomes and Nov. 29, 1893, 134 per cent. P acific) we.,re ap:p?mted 11eparate receivers for K. C. & 0. in October, GENERAL FINANCES.-On July 1, 1894, the $6,700,000 or 7 per cents 1895. V. 61_, p. 002. . matured and were paid with proceeds of a portion of the Big FourKansas City & Omaha bonds have mterest guaranteed by St. bonds received in payment for the main line. Most of the preferred https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I JANUARY, 1896.J RAILROAD STOCKS AND 117 BONDb Subscribers ,vlll confer a great Cavor by giving Im.mediate notice of" any error discovered In these Taltles. Bonds-PrinciINTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or pal,When Due. Amount of Par Rate per When Where Payable, and 0y of Stocks-Last. F or explanation of column headings, &c., see notes Road. Bonds Value. Outstanding Cent. Payable Whom. Dividend. an first page of tables. ---· - - St. Louis Aiton cl: Terre Haute-( Ooncluded.)LEASED LINES. 57 1866 $1,000 $998,000 Belle. & So. m.-lst M. (int.gual'.) s. f., not dr'n.c* 17 1883 1,000 485,000 Belleville & Carondelet, lstM.,Belle.toE.Caron.c• 51 1880 1,000 220,000 Belleville & El Dorado-1st (int'estguaranteed)o* 1,000 51 1880 330,000 2d morttf<age, Du Quoin to Eldorado .......... c* 30 1886 1,000 550,000 St. Louis outhern-lst mort., gold, int. guar ... c* 1,000 30 1886 179,000 2d M., inc., non-cum., Pinckneyv. to Carbond.c* 1,000 17 1887 250,000 Carbondale & Shawneet'n 1st M., i.,int. guar.c* 1,000 30 1894 346,000 Consol. mortgage, gold ($1,325, 00) ........ o* 1,000 53 1887 1,000,000 Chic. St.L.& :Paducah 1st M., g.,red at 105 guar.c* 1,000 1,000,000 2d M., g., inc. (non-cum.) Marion to Pad.& br.o* 53 1887 4,000,000 8 t. Louis cl: Oairo-lst M., gold, int. guar. M. & O.. o 161 1886 500 &c. 40,000 St. Lou. Oa!J/ Girard'u cl: Ft. Smith-Receiver's certs. .... 1895 130,01)0 1880-5 1:000 . Old divi end bonds .. . .... .......................... 1,000 889,00Q C~e Girardeau S.W. oonsol. mortgage ....... gold ·94 1888 1,000 10,000 rkansas Extension 1st mortgage, gold ... c*&r 65 1890 1893-5 381,933 Bt. Louis Ohic. cl: St. Paul.-Rec'rs' cert. ($400,000) ---· 1,000 io2 1892 1,250,000 1st mortgage, $1,250,000 ~old ................... c St. Lo'Kis cl: Easte1·n Ry.-Bonds ...........•......... .... .... en ·ioo St. Louis Ind. cl: Eastern-Stock ($1,900 is com.) ... .... 740,900 1,000 First mortgage, gold ..... ................... . ..... c isoo 790,000 1,000 135,000 St. Louis Kennett cl: Soiithern.-lst mort., gold ... o* ·20 1891 St.Louis Merchants' Br.Term.-lstM., gu.p.&i.,g.c .... 1890 500 &c. 3,500,000 1,000 2,000,000 Merch.Bri~elstM.,red.afterFeb.1, 1909, at 110 .... 1889 St. L. cl: San an.-SeeAtohison T. & S. Fe system. 100 16,500,000 st. Louis Southwesl.ern-Common stock ...........•. ··-· 100 20,000,000 Preferred stock (5 per cent non-cumulative) ..•... 1,000 20,000,000 1st mort. certificates, $16,500 p. m., gold ...... c* 1,222 i890 2d M. income cert., $10,000,000,non-cum., gold.c* 1,222 1890 500&0. 8,000,000 Car trusts July 1, 1895 .. ... .......... . .........••. 1891 various 470,500 1,000 Bt. Louis Van. cl: TerreH.-lst M., guar. s.f. not dr .o* i58 1867 1,899,000 1.000 2d mort.. sink. fund not dr'n $1,600,000 guar.). o* 158 1868 2,600,000 ---· stock and dividend bonds were also retired per plan in V. 59, p. 782. Only $79,000 dividend bonds remained out July 1, 1895. Company owns $500,000 Belleville & Carondelet stock, $900,000 Ch. St. L. & Paducah stock and $500,000 of the latter road's tncome bonds. It was expected to absorb the Chicago Peoria & St. Louis. See above. LATEST EARNINGS.-From July 1 to Sept. 30, three months: 3 monthsGross. Net. *Taxes cl: rentals. Balance. 1895 ...... •••••....•. $329,379 $154,214 $104,235 sur.$49,979 1894... : ..... .. •..... 350,18:l 170,837 107,458 sur. 63,379 ~ n d interest not included. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting at St. Louis first Monday in June. Report for 1894-95 in V. 61, p. 657. Year ending J ,une 301894·95. 1893-94. Gross earnings ......................•....... $1,350,055 $1,385,046 Operating expenses and taxes ...... _.... .. 782,529 856,729 Net earningll...... ... . . . .......... .... .. $567,526 $528,317 Rent of leased -linell. .... .... .... .. .......•. 365,329 384.281 Net ... : ................................ .. $202,197 *144,036 Char~es for 1894•5 wtre: int., $73,646; int. on pref., $37,682; new equipment, etc. (net), $!:i9/~60; total, $200,588. -1V. 58, p. 681, 716, 1073; V. 59. p. 782, 880; V. 60, p. 393, 563, 1147; v. 61, p. 68,195,239,280,365,431,558, ti57, 661, 703.) St. Louis A.rkansas & Texas.-SEE ST. Lours SOUTHWESTERN. St. Louis & Cairo.-( See Map Mobile cl: Ohio.J-Owns Cairo to East St. Louis and branch, 161 miles. Reorganized after foreclosure JUly, 1881. Stock is $6,500,000. Leased from Jan., 1886, till Jan. 1, 1931, to the Mobile & Ohio RR.-rental of 25 per cent of 150-640ths of the gross revenue of the whole line, Mobile to St. Louis, this rental being guaranteed by the lessee to amount to $165,000 per year. In year 1894-95 gross, $858,307; net, $203,280; in 1893-94 gross, $840,561; net, $259,716; in '92-3, gross, $890,877; net, $241,262; rental to St. L. & Cairo in 1893-94, $176,163, agst. $1!:0,930 in 1892·93. St. Loul . Cape Girardeau & Fort Smlth.-Owns from Cape Girardeau, Mo., to Hunter, Mo., 94 miles; leases branch to Zalma, 9 miles; total operated, 103 miles. Successor in 1891 to Cape Girardeau Southw. March 4, 1893, Louis Houck was appointed receiver; In October, 1895, the bondholders tendered payment of the Gould claims. v. 61, p. 704. RECEIVER'S CERTIFICATES.-In November, 1895, $40,000 receiver's certificates were authorized for improvement of road. V. 61. p. 872. Stock outstanding, $1,150,000; par, $100. A general mortgage for $7,500,000 was authorized. There are also outstandini,? $150,000 7 per cent incomes. Caue G. & 8. W. oonsol. 6s for about $850,000 are represented by the Consol. Bondholders' Committee; depositary, U. S. Mortgage Co. Year ending June 30, 1895, gross, $99,187; net, $13,817; charges, $8,585; balance, surplus, $5,232. In 1893-4 gross, $12'.:!,735; net, $6,612. v. 61, p. 282,704,872. St. Louis & Chlca~o.-SEE NORTH & SOUTH ILLINOIS. St. Louis Chlcao-o & St. Paul.-RoAD-Owns from Springfield, Ill., to Granite City, ill., 103 mile~; branches to Bates, 3 miles. and to Grafton, 8 miles. Connects at East St. Louis with Terminal Ry. Association for St. Louis, etc. Successor to the St. Louis Alton "1. Springfield sold in foreclosure July 9, 1892. In June, 1893, Charles E. Kimball and Joseph Dickson of 3t. Louis were appointed receivers. Sept., 1893, coupon was not paid. Receivers' certificates for $400,000 have been authorized, of which $381,933 issued to Sept. 1, 1895. On June 30, 1894, equipment trusts were $599,761. STOCU: outstanding, $2,000,000-par $100. BONDS-The first mortgage trustee is the Atlantic Trust Co. EARNINGS-In year ending June 30, 1895, gross, $238,223; net, $51,684; charges, $97,805; bal., deficit, $46,121. In year 1893-94, gross, $164,740; net, $15,795. (V. 55, p. 100; v. 56, p. 1016; v. 61, p. 872.) St. Loul8 & Eastern Ky.-Road runs from St Louis, Mo., to Springfield, Ill., 97 miles of which 83 miles is owned and 14 miles from Olen Carbon to St Louis is trackage over Chicago -Peoria & :::,t. L. and St. Louis Merchant's Bridge Terminal Ry, HISTORY.-Opened in 1893 from Glen Carbon to Marine, 13 miles; in 1894 purchased St. L. & Peoria, 13 miles, and in 1895 the St. Louis & Chicago, 50 miles. Before purchase of the St. Louis & Chicago in 1895 the capital stock was $300,000; par, $100.-(V. 62, p. 86.) St. Louis Indianapolis & Eastern.-Owns Stutz City to Effl.ngbam, Ill., 90 miles. A reor~anization of the Indiana & Illinois Southern foreclosed Jan. 6, 1890. Road is still operated under old title. 8Tocu:-Common authorized, $6,792,000; preferred, $4,528,000; outstanding, as in table. Bills payable June 30, 1894, $37,775. In year 1893-94 gross, $74,327; net, $1,180; in 1892-93 gross, $98,764. St. Louis Ironlliountaln &Southern.-SEEMISSOURIPACIFIC St. Lou,ls llierchants' Bridge Terminal.-ORGANIZATION. Organized to construct a double-track railroad in tbe city of St. Louis extending from near the Union DApot on 12th Street, via Main Street, Hall Street, &o., to Ferry Street opposite tbe Merell.ants· Bri<ige, 7 miles. It owns and controls the Eleotr10 City & lliino1s RR., connecting the town of Madison and East St. Louis, 8 miles; arnl leases the Venice & Carondelet Belt RR., which forms an outside belt round East St. Louis, 10 miles; total, 25 miles. It lease11 the Mel'ohants' Bridge, agreeing to pay the interest on the Bridge Co's $2,000,000 bonds. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - ---- 8 6 7 6 4 5 4 5 5 5 4 g. g. g. g. g. g. A. J. J. F. & & & & 0. N. Y., State Trust Co. D. J. do do do dG A. Pd.in'91,coup. Feb.,'80 M.& 8. N. Yd Mercan· Co. March. 0 M.& 8. do do M.& s. do do M.& 8. do do M.& 8. Paid ll\l.p.c. Nov.,1893. J. & J. N. Y.,Farm.L.&Tr.Co. ...6.g. M:·&:· 8 • 6 g. M.& 8. 6 g. J. & J. ann. 6 6 g. M.& s. ------ ----- ;ft· -----...4.g. ..... 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1896 1923 1910 1920 1931 1931 1932 1939 1917 1917 1931 I In default. In default. In default. Sep:i900:i.2-~ Sept. 1, 1908 Jan., 1910 In default. Sept: 1,--i9.12 ......... ---··- ··· · ···· ·· · ·- · M:·&·· 8. In default. 6 g. F. & A. St. Louis, Mo. 5 g. A. & O. N.Y.,F'rsL.&Tr. &St.L. F. & A. N. Y.,Fann.L.&Tr.Co. 6 ···5·g. Oct. June July Aug. Sept. Sept. Mch. Sept. Sept. Sept. Jan. Mcii:i,".i940 Feb. 1, rn:n Oct. 1, 1930 Feb . 1, 1929 ... -- .. -- •••r •••• M:·&-N. N. Y., Central Trust Co. When earned. J. & J. 6 i f · various N. Y.,Central Trust Co. J . & J. N. Y., Central 'l'rnstCo. 7 M.&N. do do 7 Nov.·1:·fas9 Nov. 1, 1989 To 1903 Jan. 1, 1897 Ma:v 1, 1898 BONDS, ETC.-The mortgage of 1890 is for $3,500,000 to the St. Louis Trust Company, as trustee, and the bonds are guaranteed principal and interest by the Terminal RR. Association of St. Louis. Both issues of bonds are subject to call after 20 years at 110 and interest. Stock authorized, $3,500,000; par, $100. In November, 1893, Terminal RR. Association of St. Louis acquired control of .this company and ~aranteed by endorsement the principal and interest of its $3,500,000 first mort. bonds and the interest on the $2,000,000 Merchants' Bridge first 6s. The properties will be operated jointly. EARNINGS.-For year ending Dec. 31, 1894, gross, $536,656; net. $210,135; charges, $387,043; balance, deficit, $176,908. In 1893, gross, $450,454; net, $139,886. V. 60, p. 1147. St. Louis & San Francl8co.-SEE ATCIDSON TOPEKA & SANTA FE. St. Louis Southw-estern.-Road extends from Bird's Point, Mo .• opposite Cairo, m.J. to Texarkana, Tex., 418 miles, and thence by the Texas road to liatesville, 305 miles; total, main line. 723 miles; branches, Mt. Pleasant to Sherman 110 miles; Tyler to Lufkin (narrow, gauge), 88 miles; Corsicana to inilsboro, Tex., 40 miles; Commerce to Fort Worth, 97 miles; Lewisville, Ark., to Shreveport, La., 60 miles; Altheimer to Little Rock, Ark., 42 miles; Malden, Mo., to Delta, nl miles; other branches, 12 miles; total, July, 1895, 1,223 miles. Of this total 4 miles are laid with 75-lb. steel; 1,071 miles with 56·lb. steel rails; remainder 35-lb. ORGANIZATION.-Reorganization per plan in V. 50, p. 141, 561 of St. L01L.s Arkansas & Texas, sold in foreclosure in October, 1890. Consists of three corporations-the St. Louis Southwestern Railway Co., tbe St. Louis South'.'f'estern Railway Co. of Texas and the Tyler Southeastern. BONDS.-The first mortgage certificates are issued against a like amount of first mortgage bonds secured upon the constituent lines at a rate not exceeding $16,500 per mile, and the second mortgage certiticates against second mortgage bonds at $8,250 per mile. The incomes are entitled to such interest up to 4 per cent per annum, as can be paid out of net earnings of the railways during the preceding fl.seal year, after payment of operating expenses, repairs, renewals, replacements, taxes, insurance and interest on prior liens. The issue of these certificates may be increased up to $10,000,000, subject to restrictions ln the mortgages. Up to January, 1896, no second mortgage interest had been paid. · July 1, 1895, total current liabilities, $1,068,683, including $190,630 bills payable. There are some St. L. Ark. & Texas car trusts outstandi1115. Current assets, $532,554, including $251,413 materials and supplles on hand; there are also in treasury $325,000 (at pal') St. Louis Southwestern firsts and other securities valued in all at $633,115. EARNINGS.-January 1 to December 31, 1895, 12 months, gross, $5,031,934, against $4,854,564 in 1894. ANNUAL RHPORT.-Fiscal year ends June 30. Annual meeting is held at St. Louis, Mo., on the first Tuesday in October. ~eport for J i,94.95 was in V. 61, p. 608, showing earnings for the entire system as below Year ending June 30- 1895. 1894. 1893. 1892. Miles operated......... 1,223 1,223 1,223 1,222 Gross earnings ......... $5,217,175 $4,61!'>, 145 $5,116,080 $4,636,461: Operating expenses ... 3,977,221 3,873,778 4,281,833 3,824,294 Net earnings ....... $1,239,954 P. o. op. ex. to earns... (76·23) Tot. net,inol.otherino. $1,264,273 Taxes................... 117,729 Interest on bonds . ..... 800,000 Rentals, etc...... ...... 40,354 $741,367 (83·94) $772,398 113,826 800,000 56,340 $834.247 (83·69) $903,383 109,650 800,000 40,117 $812,167 (82·48) $937,268 107,326 800,000 10,248 ------------- Balance . .......... sur.$306,190 df.$197,768 df.46,384 sur.$19,694 -(V. 59, p. 59~, 739; V. 61, p. 569, 608.) St. Louis Vandalia & Terre Haute.-( See Map PUtsb. Oincin. Ohic. cl: St. L.J-East St. Louis to Indiana State line, 158 miles. LEASE.-Leased for 999 years from 1870 to Terre Haute & Indianap. RR. at rental of 30 per cent of gross earnings-profits and losses assigned to Lessees in proportion of ftve·sevenths to Pittsburg Cin. Chic. & St. L. and two-sevenths to Terre Haute & Indianapolis. V. 54, p. 846. CAPITAL STOCU:.-Stock, $2,379,358 common and $1,544,700 of 7 per cent cumulative pref. ; par $100. The Terre Haute & Indianapolis owns $326,000 preferred and $460,600 common stock, the Pennsylvania RR. $837,000 preferred and $225,0,>0 2d mort. unguaranteed 7s. and the Pennsylvania Company, Dec., 1895, $1,348,000 common and $381,700 preferred. In 1891 and 1892 back dividends on preferred were paid fol' 1879 to 1884; for 1885, 7 p. o. in March, 1894; for le 86, 7 p. o. in February, 1895. BONDS.- The first mortgage and $1,600,000 of second mortgage bonds are endorsed by lessees, and also by Pittsburg Cincinnati & St. Louis (now Pitts. Cin. Chicago & St. Louis RR.), with agreement to purchase the bond and its coupons as they mature. See V. 56, p. 649. Liabilities for freight cars on Oct. 31, 1895, amounted to $80,889. ANNUAL REPORT.-Fisoal year ends Oct. 31. Report for year 1893-4 in V. 60, p. 347, showed earnings as follows: GrosR. Oper'geX'}J's. Net. Rental. 1894........... $1,649,118 $1,274,674 $374,444 $494,736 536,952 565,424 1893 ........... 1,884,746 1,347,794 ·~ IN VESTORS' SUPPLEMENT. LVO L . LXJI. Subscrib ers will co n .fer a ~reat .favor by giving irnm ~dl ate a o tice oC any error d isco vered i n these Tables • "I' .RAILROADS. [NTEREST OR DIVIDENDS Bonds-Prtnct Miles Date Size, or Amount - - - ~ - - - - - - - - - - - - - - pal, When Due explanation of column headings, &c., see notes of of Par Outstanding Racteenpt.er When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Payable Whom. Dividend. - - - - - - - - - - - - - - - - - - - - - - - --·· ____ ,______ ,_____ - - - -11-- - - - - - - - - 1 - - - - - - · Bt. Paul d Duluth-Common stock._...... . . . . . . . . . . Pref. 7 per cent stock and scrip subj. to call at par ~1\~~~1~~i~::::::::::::::::::::::::::::::::::::: ~: Taylor'sFalls&LakeSup., lstM. gu., s. f. notdr.c* .... i67 $100 $!,660,207 See text. 4,793,123 See text. 100 1,000 1,000,000 5 1,000 2,000,000 5 210,000 6 1,000 1884 500,000 5 1,000 1886 213,500 7 1870 500 &c. . ••. issi 1887 167 21 Duluth Short L. 1st M, guar.,p.&i.,s.f. not dr'n.o* 25 Stillwater & St. Paul 1st mort., g. (not guar) ..... . 12 Bt. Paul Minn. cl Manitoba-See Grea~ NorthernBt.PauldNo.Pacijlc-Stock($10,000,000)authoriz'd 184 .... 100 7,000,000 6 per an. Western RR. Minn. 1st M. RR. covered by gen. M. 601.g 1877 1,000 420,000 7 General mortg., guar., land gr. ($10,000,000).o*&r 182 1883 1,000 8,003,000 6 g. Ban Antonio & Aransas Pass-Stock...... .. .. .. . . . . . ... . . .. 100 4,800,000 ...... 1st M. for $21,600,000 g., guar. p. & i. (end.) . c*&r 689 1893 1,000 18,886,000 4 g. Sandusky cl Columbus Short Line.-SEE COLUJ\IBUS Sillw NEE & HOCIUN G. Sandusky Mansfield cl Newark-Re•organizedstock 116 .... 50 1,080,350 See text. lstM .•int.gu.underleasebyB.&O.andCent.O... o* 116 1869 1,000 2,300,000 7 Ban Francisco cl North Pacijlc.-Stock.............. .. . . 100 6,000,000 .... ..5.g. 1st mort., gold ($4,500,000), s. f. red. at 110. *c&t' 1 6 5 1889 1,000 4,111,000 5 g. Sanford cl St. Petersburg-1st M., $1,000,000, gold ... . 1894 .... . 600,000 5 g. BantaFePres.cl Phmnix-,lstM.,$25,000p.m.,g.c*&r 198 1892 1,000 4,H40,000 s:~!!1i~tg:k~ it!~i~~tE~t ~~~:::::::.:::::::: ~~~ ~~~~ ··i"oo Ist mortgage, gold ($120,000) ................... c* 10 1893 1,000 0 Saratoga & Schenectady- Stock...................... . . . . .... Bavannah .Americus cl Montgomery-See GEORGI.A. & ALA BAMA. llavannah Florida & Western-Stock................. .... .... Atlantic & Gulf consol. mortgage ............... o* 80. Ga. & Flor.• 1st Ms., end by State of Georgia.c* ·S o. Ga. & Florida 2d mortgage ................... c 286 58 58 100 100 1867 500 &c. 1869 1,000 1869 1,000 2 ·~ii:888 120,000 (~> . . . . . N. Y., Of., 32 Nassau St. M. & 8. do do F. & A. do do A. & 0. do do J. & J. do do M. & 8. do do J. & D. do do July Sept. Aug. Oct. Jan. Sept. Dec. 5, 3, 1, 1, 1, 1, 1, 1887 1895 1931 1917 1914 1916 1900 Q.-F. All owned by No. Pac. See text. M. & N. N. Y., Otlice, 35 Wall t,t. May 1, 1907 See rem. do do Feb. 1, 1923 . . .. . .•..... J. & J. N. Y., Cent. Trust Co. Jan. 1, 1943 Feb. 1. Moss N. Bk., Sand'ky, 0. Feb. 1, 1895 J. & J. N. Y., Union Trust Co. Jan. 1, 190S .J. & J. N.Y.,46Wall,&Fr'nk'frt Jaii:·1,..i919 J. & J. Philadelphia, Pa. Jan. 1, 1924 M. & S. See text. Sept. 1, 1942 Aibaii:v:·:&: Y. J_..&.. J. ···;ii .. ti g. M. & N. N. Y., Central Tr. Co. 450,000 7 per an. ..... May 1, 1913 N.Y., Del. & Rud.Canal ......•. 9,412,900 Ree text. ..... N.Y.,H.B.l'lant,12W.23 7 J. & J. do do 1,780,000 7 M. & N. do do 464,000 200,000 7 M. & N. j do do Jan. July May May 1, 1, 1, 1, 1896 1897 1899 1899 I From above rental deduct the following disbursements : Taxes. Interest. Car trusts, etc. Total. Bal., sttrp. 11894 ...... $62,455 $322,908 $15,220 $400,583 *$94,15S l893 ...... 59,217 314,930 39,411 413,558 151,866 ~ dividend of 7 p. o. on pref. stock was paid in Marolt, 1894, leaving deficit for year of $13,976. Total surplus Oct. 31, 1894, $-l45,023. Profit t o lessee in 1889·90, $100,466; in 1890.91, $62,430; in '91 92. $37,598; loss to lessee in 1892•93, $28,472; loss in 1893-94, $120,:l92. -(V. 54, p. 28 6 ; V. 56, p. 4 60 ; V. 60, p. 84, 346.l St . P aul & D uluth.-Owns St. Paul, Minn., to Duluth, Minn., 15!5 miles; branches, 29 miles; leases-Stillwater & St. Paul RR., 13 m.; Minneapolis & Duluth RR., 13 m .; Taylor's Falls & Lake Superior, 20 ·m.: Duluth Short Line, Thomson to West Superior, 18 m.; total, 248 miles. Second track, 17 miles, July 1, 1895. Between Carlton and Duluth, 24 miles, road is owned jointly with the Nor. Pacific, but of thiF 14 miles between Thomson and West End is but little used, the Duluth Short Line affording the St. P. & D. access to Duluth. Uses Minn. & St. L. terminals at Minneapolis. ·· HIST0RY.-Sold in foreclosure May 1, 1877, and r(lorganized. CAPITAL STOCK.-From the earnings of the railroad the preferred stock has a prior right to 7 per cent yearly, then common to 6 per cent, any surplus goin~ to retirement of preferred. The preferred stock is also received rn payment for lands at par, and ts entitled to receive 1rom land sales any part of its 7 per cent dividend yearly for which railroad earnings do not suffice. The preferred ts subject to call at par for redemption with land sales, ... fter drawing by lot, if not purchasable below par in the open market, the sums applied to its redemption and retirement being as follows: In 1891, $182,000; 1892, $226,000; 1893, $165,000. V. 57, p . 61. Three shares of common stock have one vote and each share of preferred has one vote. DIVIDENDS. --On common stock: In 1887, 3 and 15 in com. stock; none tiince. On p1·eferred since 1883: In 1884, 312 and 7 in pref. stock; frorr, 1885 to '88, 7; in 1889, 51.g; in 1890, 61.g; in 1891, '92 and '93, each 7; n 1894, 5 p. c.; in 1895, Mar., 21.g p. c.; Sept., 21.g p. c. LANDS.-The company has a land grant, of which 1,052,515 acres re• mained unilold June 30, 1895, and 58,389 acres of the Taylor's Falls branch grant. In year 1894·95 sales from company's grant were 27,930 acres for $145,405, and gross cash receipts were $145,396 (of which $67,279 from stumpage): •net income, $116,652. EARNINGS. ·-2 months,' 51895, gross, $291,398; net, $77,603. July 1 to Aug. 31. { 1894, gross, 270,357; net, 105,157. ANNUAL REPOR'.r.-Ftscal year ends June 30. Annual meeting at St. Paul second Thursday in October. Report for 1894·95 in V. 61, p. 658 Year ending June 301895. 1894. 1893. · Gross earnings . .................•. $1,423,307 $1,513,393 $2,105,275 O perating expenses and taxes . .. l,060,~H5 1,104,351 1,495,807 Net earnings................... $362,392 Total net income.............. $402,6EO Rentals paid...................... $119,944 Interest on bonds................. 150,000 Dividends ............•............ (5) 239,475 Miscellaneous..................... 68,003 $409,042 $452,535 $140,796 150,000 (6) 293,406 16,766 $609,468 $676,738 $111,829 150,000 (7)355,043 68,826 Balance from RR.operations.dt.$174,772 dl.$148,433 R ects. from stumpage and lands. $90,629 $59,924 def. $8,960 $168,329 - IV. 55, p. 6'7 '7; V. 57, p. 61, 5 9 4; V. 59, p. 6 4 '7 ; V. 61, p. 6 5 8 .) st. Pau l & Nort hern PaclJlc. -ROAD-Brainerd to St. Paul, 148 miles: Little Falls to Staples Mills, 34 miles; total, 182 miles; b:r~n~hes and spurs, 12 miles. Owns terminals in Minneapolis on 20 acres, and Romti 400 acres about St. Paul and Minneapolis . .LEA"E.-Leased for 999 years to Northern Pacific, at · net rental equal to ·40/er cent of gross receipts, but any surplus over 6p. c. on stock divide equally between lessor and lessee. In Nov., 1893, the Court authorized the N. P. receivers to rat ify the lease and to pay the rental. STOCK.-The stock of $7,000,000 is all owned by Northern Pacific an d pledged una.er its collateral trust of 1893 and receivers' certificates. BONDS.-The bonds of 1883 are guaranteed by Nor. Pao. See V. 56, p. 649. Interest on coupon bonds is payable F. & A.; on registered, Q.-.F. The land grant (178,998 acres unsold May 1, 1893,) is between Bramerd and Sauk Rapids; proceeds of lands are first applied to purchase of West. Minnesota honds, then to general mortgage at not exceeding 120. EARNINGS.-In year endin"' June 30, 1895, gross earnings were $1,632,301; net, $753,302. Rental received from Northern Pacific, $826,852; interest, etc., $523,052; net income, $303,800. In year 1891·92 gross, $2,266,416, against $2,110,926 in 'll0·91; net, $1,070,936, agst. $1,024,058 in '90·91. (V. 56, p. 289, 649.) San Antonio & Aransas P ass.-( See Map So. Pacijlc.J-Owns trom Kerrville to Houston, 308 miles; Kenedy to Corpus Christi, Tex., 90 miles ; Yoakum to Waco, 172 miles ; Skidmore to Alice, 43 miles; Shiner to Lockhart, 54 miles; branches, 22 miles; total, 689 miles. HISTORY.-Reorganized without foreclosure sale in 1893, management passing to So. Pac., which owns $2,000,000 atock. BONDs.-Mortgage is for $21,600,000 (trustee, Central Trust Co.) and the So. Pacific Co. by endorsement on each bond guarantees un• https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis conditionally "the punctual payment of the principal and interest.' Of the $21,600,000 authorized, $17,100,000 was to be used in the reor ganlzation, $1,800,000 to be applied to improvements and equipment on present mileage and $2,700,000 reserved for extensions, limited to 100 miles at $27,000 per mile, constructed and equipped. See full abstract of mort. in V. 56, p. 540. Listed on N. Y. Stock Ex., $1~,· 886,000 to Oct., 1895. Equipment trusts June 30, 1894, $534,156. LATEST EARNINGS.-11 mos.~ 1895 .. gross, $1,794,069; net, $498,132 Jan. 1 to Nov. 30. i 1894 .. gross, 1,696,121; net, 505,877 In year 1894 gross' $1,946,751, against $1,881,551 in 1893; net $622,386, against $372,241. (V. 60, p. 8'77.l Sandu •kY & Co]. Shor& Line.-See COLUM, SANDUSKY & HOCK Sandu s k y M a nsfield & Ne-wark. -Owns from Sandusky, O., t o Newark, 0., 116 miles. Leased to Central Ohio, guaranteed by Baltt more & Ohio, Feb. 23, 1880, till Dec. 1, 1926, with option to the Bait. & Ohio Co. to renew for terms of 20 years each. Rental is $~0 1,850 The Baltimore & Ohio's guarantee of interest is endorsed on th~ bonds DIVIDENDS.-From 1881 to 1884, 2 p. c.; 1885 to 1888, 3 p. c.; 1889 to 1892, 31.g p. c.; in 1893, 3 p. c.; in l894, Feb., 3 p.c.; in 1895, Feb., 3 p. c EARNINGS.- Year ending June 30, 1894, gross, $706,093; net, $126, 400; total loss to lessee in 1893·94, $97,537, against $30,610 in 1892·93 In 1892·93 gross,$946,262; net,$189,4.80. In 1891·92gross, $1,032,207 Sanfo r d & St. P ete r i, burg KK.-From Sanford, Fla., to St. Petersburg, 153 miles: 3•foot gauge. F ormerly Orange Belt Hallway, which was sold at foreclosure in March, 1893. Stock is $600,000; par, $100. Mortgage trustee, Penna. Co. for Ins. on Lives & Grant ing Annuities, Philadelphia. President, E. T. Stotesbury, Phila. Sa n F ran cisco & N o r th PacUl c . -Point Tiburon, Cal., to Ukiah Cal., 106 miles, and branches, 59 miles. Consolidation of March 19 1889. Has steamer connection (6 miles) with San Francisco. BONDs.-Issued at $25,000 per mile; trustee, Mercantile Trust Co.,N Y sinking fund, $25,000 yearly, bonds drawn at 110 and interAst. rMort gage abstractV. 49,p. ~41.] Bonds canceled to June 30, 1895, $151,000 LATEST EARNINGS.-From July 1 to Nov. 30 (5 months). 5 Months. G1•oss. Net. Int. chgs.* Bal., surp 1895 .........•.. $396,129 $154,475 $85,645 $68,830 1894. .. • .. . . . . . . 413,626 184,829 86,165 98,664 * Doesnotinclude sinking fund charges. ANNUAL REPORT.-Fiscal year ends June 30. RPport for 1894·95 iv V. 61, p. 150, showing gross $826,701; net, $284,929; intt>rest and sink ing fund, $231,140; balance, surplus, $53,789. In 1893·94 gross, $808, 336; net, $265,396.-(V. 59, p. 228; V. 61, p. 1 5 0. ) San Francisco & San J oaquin Vall e y KK.-In 1895 was making preparations to build a road from San Francisco, Cal., via the San Joaquin Valley, to Mojave, on the Atlantic & Pacitic RR., or Bak ersfi.eld, Kern Co., Cal., about 250 miles, and so obtain fot· San Fran cisco an independent outlet to the East. In December, 1895, grading was well under way and tra<lk laying had begun,25 miles of track: being finished. Stock $6,000,000, par $100. Ol!' FICERS.-President, Claus Spreckels; 1st Vice•President. M. F Whittier; 2d Vice•President, Robert Watt; Secretary, p1·0 tem., Isaac Upham; Counsel, E. F. Preston.-(V. 60, p. 220, 303, 393, 607, 837; V 61, p. 872, 1156.) Santa Fe P rescott & P h o e nix.- Owns road from Ash Fork on Atlantic & 1-'aci:fl.c via Prescott to Phoenix, Arizona, 198 miles completed in Feb, 1895. V. 60 , p. 481. !::\tock authorized for $40,000 per mile; outstanding in April, 1895, entire issue. First mortgage is for $25,000 per mile; Mercantile Trust Co. New York trustee; 2d mort• icage is for $15,000 per mile; Central Trust Co., N. Y., trustee. A 30•year contract with the old Atchison Topeka & Santa Fe provided for payment of an arbitrary 5 per cent of the gross earnings upon all business interchanged with i,, F . P. & P. Ry. to the trustee of the first mortgage bonds, toward payment of intereRt. Interest on certain nnm· bers of the firsts is paid at Mercantile Trust Co., N. Y. F. l\f. Murphy Pres., 640 Monad nock Block, Chicago, Ill. (V. 58, p. 595; V. 60, p. 481. Sa vann a h Ameri c u s & lliontg ome r y . -See GEORGIA & ALA. Savann a l1. F l o r i d a & W est e rn.-(See Map., Operates from Savannah, Ga., to Tampa, Fla., with branches to Bainbridge and .Al bany, Ga., and .Jacksonville, Chattahoochee and Gainsville, Fla.; tota owned, 856 miles; leases 33 miles. Total mileage, 889. PLANT SYSTEM. -Belongs to Plant system, which unites Charleston S. C., with Montgomery, Ala., etc., and also with Tampa and othe Florida points. Besides the 889 miles described above, the system includes the Charleston & Savannah, 133 miles: the Brunswick & Western, 171 miles; the Alabama Midland (including .A bbeyville So.) 235 miles: the Silver Spriugs Ocala & Gulf, 66 miles: Florida Routh ern, 247 miles; Sanford & St. Petersburg, 152 miles; St. Johns & Lake Eustis, 48 miles; total, 1,941 miles. [See separate statement tor each company, except Brunswick & Western, whose bonds are given above.] There are also 2,318 miles of steamer lines, including lines to Havana Mobile, etc. April 1, 1893, the South Florida was consolidated with the Savannah Florida & Western. In 1894.·95 control of the Florida J ANUARY. RAILROAD STOCKS AND B0 1~DS.. 1~~6. j 119 C G SAVANNAH, FLORIDA ~ WESTERN RAILWAY AND ALL IED L I 1'TES. PLANT SYSTEM RAILWAY. STEAMER & STEAMSHIP LINES. MILEAGE TABLE. RAILWAY LINES : Ml.tES. 889 Savun1Mh , Flo rida & Western R'y . g~~~~e;;~k ~ ~;sat~~:\i~~[ : : : AhabamJt l\Jidlnnd R'y . • . • 133 171 235 Silver Sprmga. Ocnla &: OulfR'y 8anford & :;t Petersbu rg lL R. Florida eouthern R'y . . • • St. Julln & Lake Eu•U• R.R. , , 66 152 247 48 1,9-U PLANT STEAM SHIP LINE : Pt. Tampa, KeJ West & llavana Line Pt. rra1npa & Mobile Lin e • . • • • Pt. Tampu. & Manatee River I.ine Pt. Tampa to Calom1aha1chee River PL Tampa to St. l'etersl,urg . • • • • . • • • • • CANADA ATLANTIC AND PLANT STEAMSHIP LINE : . • • • • • • • • Boston to Balifa.x • • • • • • • Boston to Churlottetown PEOPLE' S LINE STEAMERS : Chattahoochee JUver • Flint Hh·er . . • . • • • • • • • Apa.lachicola River OF 887 389 646 1 006 • • • . 223 ::JG 13i RECAPITULATION : 1lfE X IOO ~~~;~ "'II k AVAJ\t.q __. .... 0.ARIBBE.AN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t~~== : : : . . . . . : : : i:~~ 4;:!!>9 f, ------- 360 300 35 126 6 SEA 120 INVESTORS' SUPPLEMENT. [VOL, LXII Subscribers will confer a great favor by giving hnDlediate notice of any error discovered in these tables. RAILl:WAVti INTEREST OR DIVIDENDS. Bonds-Prinol- - - - - - - -- ----·------,----- - 1Miles Date Size, or Amount 1-- --,----------,--- -- - - - - - - pal,When Due. For explanation of column headings, &c.', see notes , of of Par Outstanding Rate per When Where Payable, and by Stocks-Last on :first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. - - - - - - - - - - - - - - - - - - - - - 1 --- ----- -----1------1---- ----1-----------1- - - - - Savanah Florida d!: Western-(Concluded)Sav. Fla. & West., 1st (consol.) mort., gold. .. c*&r 545 1884 Sav. Fla. & W. consol. M. ($20,000,000) gold .. . c* 819 1893 Brunswick & W. 1st M. Bruns. to Albany, g, gu.c* 171 1888 Income bonds, non-cumulative·-·····-······-··· .... 188B Florida Soutll ern 1 st mortgage .. ..... . .... . ..... . .... 1895 Ravannah <I: Western-See CENTRAL OF GEORGIA RAILWAY. 14 1874 Schenectady ct Duanesb.-lst mort., interest g u a r . . 44 1872 Schuylkill & L ehighr-lstm., guar. p. &i. by P. & R. Seaboard A fr Line Belt Rai lr oad-Stock .. . _...... 1st mortgage ............. . . . . . .. ..... . .. ......... c* 1893 8eaboa1·d d!: Eoanoke-St'k ($244,200 is pf. gu. 7 p.c.) iss6 Debentures, registered .... . .. .. ............ . .... . r 1886 1st mortgage for $2,500,000 .............. . ... c*&r Sea.AirLineEqu'tTr. ser. A,B &C (12each) . .. . c~ 1890-1 1886 Seattle Lake S. d!: East.-lst M., g., $25,000 p. m . c* Shamotcin Sunbury If Lewisburg-1st mort. _. . c*&r ..3i 1882 31 1890 0 i>i 29 28 is1i. 1st mortgage, gold, on road and lands ........... c 16 8haronr-Stoclr ($500,000) . ........................ . . 16 iss9 1st mortgage, ~old.... . ........... ·-··············c Short Route Ry. Transfer Oo.-lst mortgage .. .... . 112 1882 74 1888 Silver Sp. Ocala d!: Gul/-lst,l.gr.($15,000p.m.)g.c* 17 1888 Sili,erton-lst mort. for $500,000 gold .......... c&r Sioux o~ty d!: Nm·thernr-lst mortgage, gold .. ..... c* 96 1890 Sioux Oit-u O'N. <I: West.-lst M. ($18,000p. m.) g .c* 130 1891 Somerset Railway -1st mortgage . .. .. .. .......... . . c B87 South Atlantic d!: Ohio-1st mortgage .... . ......... . . ..70 1887 South Carolina d!: Ga. -1st M. $5,250,000, gold .. . c* 245 1894 1895 South Jersey-Receiv er's certs. , (a uth. $100,000) . . 1893 Mort. bonds, $12,500 p . m., g .. . . . .. ........ . . c*&r st!:Oi1i!n1at ~1,~iisviile~~,-iocir: ·iuar: Nor.· t 6 g. A. & 0. N.Y.,H.B.Plant,&Savan Apr. 1, 1934 5 g. M. & N. do do May 1, 1943 4 g. J. & J·. N.Y.,12W.23d8t.&Bav. Jan. 1, 1938 ..... None paid. 5 Irredeemable. 1945 100 &c. 1,000 6 412 1,000 100 100 &c. 1,000 1,000 1,000 1,000 1,000 50 500 &c. 50 1,000 1,000 1,000 1,000 1,000 i:ooo 1,000 500,000 600,000 50,()00 600,000 1,388,400 690,000 2,500,000 265,500 5,558,000 1,000,000 1,000,000 869,450 2,000,000 453,350 164,000 500,000 1,120,000 425,000 1,920,000 2,340,000 225,000 1,850,000 5,250,000 ...6.. See text. 6 5 5 6 g. 5 6 g. 6 per an. 7 g. 6 per an. 412 g. 6 See text. 6 g. 5 g. 5 g. 5 6 5 g. M. & S. N. Y., 21 Cortlandt St. Sept. 1, 1924 M. & N. Phila.,Phil. &Read.RR. Nov. 1, 1902 A .. &..O. M. & N. F. & A. J. & J. J. & D. F. & A. M. & N. J. & J. F. & A. J. & J. M. & S. J. & D. F. & A. J. & J. A. & 0. J. & J. A. & 0. J. & J. J. & J. M. & N. BaltimorE; aiid.Atlanta. Balt.,Farm.&Plant.Bk. Portsmouth, Va. N.Y.,Baltimore&Phlla. Balt.,Merc.Tr.&Dep.Co Feb., '93, coup. last p'd Phila.~ Phil. &Read.RR. a.o do Phlla., Penn. RR. Co. do do Sharon, Pa. N. Y., Farm. L. & Tr. Co. N. Y., 12 West 23d St. Denver, Co.'s office. In default. Oct.,'92, coup. last paid. Boston & Oakland, Me. In default. N. Y., Office, 15 Broad. Apr:··i,"i923 See text. Aft. July,1916 July 1, 1926 $25,000Junel Aug. 1, 1931 May 1, 1912 July 1, 1925 Feb. 1 , 1896 July 1, 1901 Sept. 1, 1895 June 1, 1919 Aug. 1, 1912 July 1, 1918 Oct. 1, 1908 Jan. 1, 1920 Oct. 1, 1921 July 1, 1917 July 1, 1917 May 1, 1919 (1) 500 Southern, 247 miles, formerly in Jacksonville Tampa & Key West EIYS· tem, and of the Sanford & St :Petersburg, 152 miles, wai! purchased. STOCK.-During the year 1893-94 the stock outstanding was increased from $6 793 900 to $9 412 900. ' ' ' ' BoNo.s.-The Sava.nnah Florida & Western :first. ~onsols of 1884 ar.e a :first llen on 201 nules and a _second on 344 additional. The consolldated mortgage ex ecuted m Ma y, 1 89_3, I.lovers all road, equ!P· ment, etc., n«?w. owned or hereafter: acqmred_ witll the proceeds of its bonds; issue lrm1ted to $20,000 per mile . Suffiment consols are reserved to retire all prior liens and for future betterments and extensions. In 1894 Monticello Extension bonds, $290,400, and South Florida :firsts, $3,• c0,000, were retired by consols: additional consols havt-1 been issued for improvements, &c. cash on hand and in New York, Dec. 31,1894, $279,351. What securities have been or will be issued on or for the Florida Southern and other roads (399 miles in all) acquired in 1894-95 is not known, but in Oct., 1895, the Florida Southern issued $180,000 first mortgage bonds due 1945 for betterments and e x tensions. See Florida Southern statement. (V. 61, p. 661.) GUARANTIEs.-In addition to Brunswick & western bonds above, this company guarantees certain bonds of the Alabama Midland and Silver Springs Ocala & Gulf-see those companies. . DIVID~NDs.-In 1~83, 7 P• c.; !n 188 4 , 4; in 1887, 1&!; m l889, 4 ; in ~891, 2; m 1892, 5; m 1893, 312; m 1894, Jan., 6 p.c.; in 1895,Jan., 4p.c.; m 1896, Jan., 2 P• c. LATEST EARN'Gs.-5 mos., 51895 ... . gross, $1,377,497; net, $373,375 July 1 to Nov. 30. <1894 . . . . gross, 1,458,904; n et, 372,152 ANNUAL REPORT.-For year 1894-95 the :figures are from an advance report. Report for 1893•94 was in V. 59, p. 736. Year endi ng June 301895. 1894. 1893. Gross earnmgs ............. $3,560,457 $3,798,771 $3,025,299 Other income............... 1,103 33,282 19,602 Net receipts ............... • 1,070,668 1,298,376 1,130,402 Interest, tax~s,. etc......... 881,849 854,482 58~,856 Surplus for ~v1dends.:. ... . 188,819 413,894 546,546 From earrungs o_f year endmg June 3, 1892, dividend (312 per cent) $237,786, was paid in January, 1893; from year 1892·93, (6 per cent) $564,774; from 1893-94 (4 p. c.), $376,516; from 1894-95, 2 p. c. was P aid . (V· 59 ' p · '736 ' 738 ' 74i ' 779·' v · 60 ' p · 523 ' 607·' v · 61 ' p · 661 ' 968) · Savannah & Wel!ltern.-SEE CENTRAL OF GEORGIA. RY. Seaboard -'Ir •-~ne Belt KK.-0 wns road from. Belt Junction to Howells, Ga., 8 miles. Con"?'olled through ownership of stock by Seaboard & Roanoke and Raleigh & Gaston. Stock, $50,000. Seaboard & Koanoke.-Owns Portsmouth, Va., to Weldon and branch, N. C., 81 miles; leases Roanoke & T. R. Railroad, 32 miles. Also has a controlling interest in the Raleigh & Gaston Railroad, 108 miles, and thus in the Raleigh & Augusta Air Line, 107 miles, and Caro• Una Central, 269 miles; also controls Pittsboro Railroad, 11 miles; Carthage Railroad, 11 miles; and the Georgia Carolina & Northern, 266 miles (completed in.April, 1_8~2), a:fl:?,rdmg a thr~uit~ ~e to Atlanta; total of all, 884 miles. This 1s the Seaboard Air Lme system. STOCK.-Total authorized, $1,500,000; outstanding, $1,144,200 common, $200,0001st pref. 7 p. c. guaranteed and $44,200 is 2d pref. guar_ DIVIDENDS.-On common from Nov., 1890, to May, 1892, 7 p. c. per annum; in Nov., 1892, 3; in 1893, May, 2 p. c.; none since. BONDS.-The debentures are to be included in any 2d mortgage issued. After Aug. 1, 1916, they are payable at will as a.whole, orin 10 per cent instalments. With Raleigh & Gaston guarantees bonds of Georgia Carolina & Northern (which eee) and issued car trusts for $250,000. EARNINGS.-ln year ending June 30, 1895, gross on road proper, 114 miles, $71>8,845; net, $252,869; other income, $111,746; char ges, $394,060; dividend on preferred stock, $17,094; bal a nce, de:fl.cit, $46,539. In 1893·94, gross, $730,701; net, $187,738. (V. 59, p. 541; v. 60, p. 84; V. 61, p. 751, 1153,) Seattle Lake Shore & Eastern.-Owns from Seattle, Wash., to Bumas, 125 miles, and branches in Washington, 121 miles; total, 246. HISTORY. -Completed in 1891. The Nor. Pac. guaranteed by endorsement both principal and interest of the bonds, aud owned July 1, 1892, $3,162,650 of the $4,150,000 stock. See V. 55, p. 682. The N·orthern Paci:fl.c's claim for $1,335,460 for advances ranks subsequent to the first mortgage. On June 27, 1893, Thomas R. Brown was appointed receiv er, and in December John H. Bryant was made an additional receiver. Interest due Aug . 1, 1893, was not paid. V. 57, P• 23, 91. Firsts for $5,304 ,000 have been deposited with Manhattan Trust Co., whose r eceipts tllerefor were listen on New York stock Exchange. Bondholder s' Committee- Appointed in September, 1893. James D. Smith, H. o. Armour, E. D. Christian, Morton s. Patton. (V. 57, p. 469.) ForeclQsure sale is to take place after F eb. 3, 1896. A reorganization plan is expected shortly. (V. 61, p . 1014.) EARNINGS.-For year ending June 30, 1895, gross, $277,726; net, $45,974; other income, $20,153; miscellaneous expenses, $23,034; interest charges (not paid), $340,500; bal., def., $297,407. (V. 59, p. 970; V. 61, p. 747,795, 1014.) Sham.okin Sunbury & Lewisburg.-Line from Shamokin to west Milton, Pa., with iron bridge over Susquehanna, 31 miles. Leased to Philadelphia & Reading till July 20, 2883, at 6 per cent on the stock, and used for coal traffic northward. Stoc11::, $2,000,000 (par, $50) of which $1,995,850 is owned by the Phila. & Reading. (V. 51, p. 21.J https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I $1,000 $4,056,0()() 1 ,000 6,900,000 500 &c. a,000,000 3,000,00() 1,000 1,000 180,000 m Shamokin Valley & Pottsville.-( See Map Pa. RR.J-Sunbury, Mt. Carmel, Pa., and branch, 30 m _iles. Leased Feb. 27, 1863, for 999 ye3!rs to the Northern Central Railway Co., with a guarantee of taxes, mterest on .the bonds and 6 per cent on th~ stock, of which $619,400 1s owned by the Northern Central. Penns:v-1vanla RR. owns $580,000 7 per cents, and $225,000 additional were held January 1, 1893, in the fund to cover the depreciation in value of the a. v. & P.'s coal lands. Gross earnings 1894, $513,731; net $313 041. In 1893 gross $489 203· net $276 134. ' ' ' ' ' ' ' ' Sharon.-0".V"fiS .from Sharon, ~a., to . Pymatuning, Pa., with branches, 16 miles ~n all. Leased till April 30, 1982, to N~w York Pennsylvania & Oh10, at rental of $36,426 per annum, which pays interest on bonds and 6 per cent on stock. Fiscal year ends Nov. 30. Silver Springs Ocala & Gulf.-Owns from Ocala to Inverness, with branch from Gulf Junction (near Dunnellon) to Homosassa, 7 4 miles. In January, 1893, a contro111ng interest in stock was acquired by the Plant Investment Company [see Savannah Florida & Western], and interest on the $1,120,000 bonds outstanding reduced from 6 to 4 per cent, guarante~d by .endorsement. Stock, $1,500,000, par $100. The :first mor~g age 1s l11ruted to $3,000,000, but no more_ than tile amo)J.nt outstandmg ($1,120,000) can be iss1;1ed on pr~sent mileage. There 1s a land grant of 13,840 acres per mile, of which the mortgage covers 4,000 acres per mile. EARNINGS.-·Year ending June 30 1895, gross, $171,256; net, $45,559; other income, $1,604; charges, $52,422; balance, deficit, $5,259. Operating expenses in 1894-5 include $13,200 spent for new bridge. In 1893-94, gross, $134,245; net, $51,173. Sllverton.-Owns from Silverton, Col., to Ironton, 22 miles, of which 4 miles built with surplus earnings. Stock authorized and outstanding, $350,000; par, $100. EARNINGS.-Year ending Dec. 31, 1894, gross, $53,!'>97. In 1893 gross were $68,397; net, $25,712. In 1892 gross, $105,058; net, $50,036. In 1891 gross, $121,621; net, $65,388. Sioux City & Northern.-Owns road, completed in Febru ary, 1890, from Sioux City northerly to Garretson, So. Dak., 96 miles. The mortgage trustee is Manhattan Trust Co., N. Y. Stock authorized, $10,000,000; outstanding, $1,440,000. Judge Warwick Hou~h and Mr. S. J. Beals were appointed receivers in Oct., 1893. V. 57, p. 596. Petition for sale of road filed in July 1894 by mortgage trustee. . ' ' REPORT.-For year ending June 30, 1895, gross, $160,876; net, $10,447; charges, $111,171. In 1893-94, gross, $285,880; net, iti117,957. -(V. 59, p. 117,651; v. 60, p. 131, 1060; v. 61, p. 1014.) Sioux City O'N elll & Western.-Owns Covington, opposite Sioux City, to O'Neill, Nebraska, 130 m. Mortgage 'l'rustee is Manl:rattan Trust Co. of New York. F. C. Hills appointed receiver Nov. 1, 1893. In Jan., 1895, foreclosure sale was ordered. Crops in this section were a total failure in 1894, and for year ending June 30, 1895, earnings were, gross, $87,514; deficit under operating and taxes, $32,291. In calendar vear 1894, gross, $132,281; opera tino- expenses, $120,613; taxes, $23,258; balance, deficit, $11,590. In 'i'.892, gross, $230,895 ; net, $132,639. (V. 59, p. 1059.) ~olll.erset Ky.-Own s road from Oakland to Bingham, Me., and branch, 42 miles. Road opened in 1890. Capital stock is $736,649 (par, $100), of which June 30, 1894,$552,200llad been issued and $184,449 was held for old Somerset RR. bonds not converted into stock. L~ans and b~lls payable June 30, 1894, $57,045. EAR_NINGS.Year endmg June ao,.1894, ,n-o~s, $57,485; net, $14,179; interest, taxes, etc., $15,149; ba1ance, defl01t, $970. South Atlantic & Ohto.-Owns from Bristol, Tenn., to Bigstone Gap, Va., 70 miles. In 1892 John C. Haskell and D. H. Conklin were appointed receivers. Stock is $1,100,000; par, $100. On Julv- 1, 1894, car trusts $107,260; coupons due and unpaid, $659,000. Year ending June 30, 1895, gross, $88,362; deficit under operatino-, $3,190; charges, $128,841. In 1893·94, gross, $102,482; net, $16,730. Soutli. Bound.-SEE FLORCDA CENTRAL & PENINSULAR. S h C li s S C &G out · aro na.- EE OUTH AROLINA EORGIA. South Ca1·ol1na & Geor~la.-ROAD.-Owns road from Charles ton, S. C. to Augusta, Ga., with branches, as follows: 1 I Pa., to I .Lines Owned-Mi les. Lines Leased-Miles Cha• Jeston,S.C.,to Augusta,Ga.138 Carolina Cumber. Gap, &c.Branch to Columbia, S.C....... 67 Aiken to Edgefield..... . ...... 24 do to Camden, 8. C . ....... 37 do to Ten Mile Hill....... 3 Total operated . .... . . . ..... . 269 Of the lines owned, 213 miles is 56-lb. steel and 32 miles 70 lb. HISTORY, ETc.-A reorganization in May, 1894, of the old South Carolina RR. per plan, given m V. 58, p. 867. The "Atlantic Coast Line' reaches Augusta from Denmark, 57 miles, over this line. · STOCK AND BoNos.-Capital stock $5,000,000. First mortgage 5 per cent gold bonds $5,250,000, and covers all the property or the company except about 30,000 acres of land and villao-e lots not needed for railroad purposes, but including rolling stock and' all franchises. Central Tr. Co., N. Y., is trustee. Balance sheet Oct. 31, 1894, in V. 60, p. 84 EARNINGs.-For years ending June 30: 12 monthsGross. Net. Int. and taxes. Bal., surp. 1894-91> .......... $1,094,385 $365,475 $315,349 $50,126 1893-94. ... . . . . . . 1,235,327 232,421 . •. . . . . . . . . ...... . Officers-President Charles Parsons, 15 Broad Street, :Xew York. -V. 60, p. 302,749; V, 61, p. 747. • ~ • ~ ~ ~ rn ~ 0 0 E-1 00 i ,...... ~ er.I 00 .-4 ~~ p-< ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUPPLEMENT. 122 [VOL, LXII. Subscribers ·will conCer a great Cavor by giving lnunediate notice of any error discovered In these Tables. ,For Bonds-Prmoi ,1.">J _ J J~H..,,,t!'l ' OR DIVIDENDS. RAILROADS. Miles Date Size, or Amount Rate J,er #nen Where Payable, and by pal,WhenDue. explanation of column hea dings, &c., see notes of of Par Outstitnding Stocks-Last on first page of tables. Road. Bonds Value. - ' ,imt. .Payable Whom. Dividend. ----------------------,-----189 1873 tJo. d! No . ..4.labamar--lstM. ,s.f.not dr'n; g uar. by L. &N. :td mort. gold, s. f. $2,000,000 (owned by L. & N.) 189 Consol. mortg age (for $10,000,000), gold, guar.c* 189 iJouth Pac. Coast-lstM., g., gu. (s. f. hegins 1912)c 104 IJ,,uthern Cent.-SEE LEHIGH & NEW YORK ~R. 8 -,uthern Pacific COMP..4.NY-Stock($150,000,000) 5,931 1-{teamship 1st mort. bonds, Ser. A, $3,000,000. .. . ... ·Bo•.1,lh. Pac. of Arizonar--IstM, ser. A, gold,guar.. c&r 392 do do Series B, gold, guar ..... c&r 392 ·Southern Pac'it'lc ( Cal.J-Stock, $90,000,000 auth. . . •.. All ( 1st M.,series A,gold '} land grant. . c*} equally Ber!~s B, gold..... . . sink' g f~d.c: 1 , 042 secured Series C & D, gold.. not subJect. c · Series E & F, gold .. to call . . . . c* B. Pac. Br. 1st M., g., s.t., $50,000 in 1897, not dr'n 93 So. Pac. gen. mort. ($38,000,000), gold ....... c*&r 1,587 Stockton & Copper. lstM., g. (guar. byC.P.)...... 45 Consol. mort., gold, $89.293.500 s .f. not drn c*r& 8outhe1-n Pacific of New Mexico-1st M., gold . . . c&r i67 .Southet"li Railw ay-Common stock, $125,000,GOO. Preferred, 5 p er cent, non-cumu., $60,000,000 . .. . ... A.-PROPERTIES MERGED INTO SOUTHBRN RAILWAY Atlantic Tennessee & Ohio 1st mort$age . ........ 44 Charlotte Col. & Aug. lstmort., ex t. m 1895; text 191 2d mortgage............. . . • . . . . . . . • . . . • . . . . . . . . . 191 Col. & Greenv . 1st m. (6 p. c. after Jan.,'98), g .. c* 164 Ga. Pacific 1st mort., 6 p. c. after Jan.'98 ... . .. c"' 566 Equipment mortgage, gold, s. f., subj. to call.c* Equip. notes Jan. 31, 18~6 (payable monthly) .. Ric&mond & Danville cons. mortgage, gold . . .•. c Debenture mort., old 6s, int. f,·om Oct. 1,'95 .. .. Equipm't Trust bonds.gold, s.f.,subj. to call .. c* Equip. notes Jan. 31, 1896 (payable monthly) . . , 1 1880 1886 1887 £200 $1,000 1,000 1,000 . • •. 100 120,934,170 189 1 ...... 2,787,000 1879 1,000 6,000,600 1880 1,000 4,000,000 .... 100 68,402,900 1875 500 &c. ) ~30,677,500 { 1882 500 &c. J 1887 1,000 3,578,000 1888 1,000 706,000 1875 500 &c. 500,000 1893 500 &c. 16,834,000 1881 1,000 4,180,000 120,000,000 5 4,300,000 rn+~ ~gg i~: co:·· 1883 1869 1872 1881 1882 1889 i874 1882 1889 500&c. 1,000 1,000 1,000 1,000 i:ooo 1,000 1,000 ... . .. I South .Te:i·sey.-See SUPPLEl\iENT of July, 1894. South & North AJabarna.-( See Map of Louisville~ Nashville.)•Owns from Decatur, Ala., to Montgomery, Ala., and branch, 189 miles Controlled by the Louisville & Nashville RR. Co., which owns most of the stock [$3,481,400 of which $2,000,000 preferred] and guarantees ;the tl.rst and cousol. mortgage bonds. On June 30, 1894, loans and ibills payable amounted to $1,257,454, and there was due Louisville & Nashville $154,278. In year ending June 30, 1894, gross earnings were -$1,818,391; net, $485,570; deficit under interest, taxes, ea .. $203,804. In 18~2·93 gross, $2,147,566; net, $401,801. (V. 56, p. 1015.) South Pacific Coast.-See SUPPLEMENT of July , 1894. Southern Central (N. Y).-SEE LEHIGH VALLEY. Southern Pacific Colllpany.-( See Map.)-ROAD.-This com• .pany owns no tra ck in fee, but through ownership of stock and by lease it operates a gr eat system of roads extending from San Francis co to New Orleans (thence by compa n y 's steamers to N w York, etc.), to Portland, Oregon, and to Ogaen, Utah, with branches. It largely conitrols the business of central and northern California. Its sy stem comiprises the following lines, fully descri!)ed under their own titles. PACIFIC SYSTEM. ATLANTIC SYSTEM. Pt·op1-iela1-y l i nes- Mi les. I Proprietar'I.J l i n es- Miles. :Southern Pacific or Oal. . ..... 1,635 (Of which 7 miles leased.) .southern Pacific or Ariz. . .... 392 Southern Pao. or New Mex... 171 :South Pacific Coast........... 104 Northern Ry. of Cal.. . . . . . ... 390 N ortb ern California Ry . . . . . . 54 Morgan' s Louis. & Texas.. .. . 283 (Of which 24 miles leased.) Louisiana Western........... 136 Iberia & Vermillion. . ........ 16 Texas & New Orleans. ....... 207 Gal. Harris. & San An . ...... 937 Gulf West. Texas & P a cific.. 1 l l Leased linesNew York 'l'exas & Mex...... 91 Central Pacific ........... . ..•• 1,360 Texas Transportation Co. . ... 8 •Oregon & California.. . ....... 654 Calitornia Pacific ............. 115 Total Atlantic system . ..... 1,789 Grand total Jan. 1, 1895 .. 6,664 Total Pacific sy stem . . ...... 4,875 Of which 4,488 proprietary lines. Double track.................. 53 8teamship, eto., lines . . .... . . .4,965 AFFILIATED BUT OPERATED INDEPENDENTLY. Houston & Texas Central.... 4531 San Antonio & Aransas Pass. 689 -Oentral Texas & Northwest. . 12 Austin & N. W...... .......... 103 ORGANIZATION.-Organized under laws of Kentucky, its system being known as the" Huntington" lines, Mr. ::J.P. Huntington being Presi-dent. The control is vested in the Pacific Improvement Company, a corporation with $5,000,000 or capital stock, of which in 1892 the Crocker estate held $1,249.800, and C. P. Huntington, Leland Stanford ,and Butler, Stillman & Hubbard each $1,249,900; other, $500. PROPRIETARY LINES.-These, with atotalmortgageindebtednessJan. 1, 1895, of $126,005, ~ 16, are all practically owned-only $1,023,109 out or their total stock of $167,479,2G9 not being held on Jan. 1, 1895, by the Southern Pacific Co. "OMNIBUS LEASE."- Five of the proprietary Jines are operated under this lease, which runs for 99 years from April 1, 1885, the Southern Pacific Company agreeing to maintain the roads, to pay all fixed and other charges, including interest -0n bonds and tloating debt, and to divide the total net profits trom operating, after making these payments, among the several parties to the lease, the So. Pac. Co. to receive 10 per cent of such profits. lthe Southern Pacific of California, 44 per cent of net profits, Southern Pacific of Ariwna, 10 per cent, Southern Pacific of New Mexico, 6 per ,cent, Mor can's Louisiana & Tex a s, 23 per cent, Louisiana Western, 7 _p. c. For lease of Central Pacific see V. 58 , p. 819, and V. 60, p. 4 80. UAPITAL STOCK.-Stock authorized, $150,000,000. See v. 48, p. 428 GUARANTIES, ETc.-In Deo., 1892, company agreed to guarantee San Antonio & Aransas Pass new first 4s for $21,600,000. Other guaran• teed issues a re Houston & T exas Central bonds; Austin & N. W. 5s; Ore~on & Cal. 5s; N. Y. Texas & Mexican 4s; certain of the Central Pamfic's bonds, etc.-see those companies. <-l-ENERAL FINANCES.-On Jan. 1, 1895, loans and bills payable $4,201,•014, against $3,742,339 in 1894. In Jan., 1894, the 80. Pac. received $1,662,500 capital stock of Wells, Fargo & Co., in return for express privileges for 21 years. EARNINGS.-11 months 51895, gross, $42,551,401: net, $14,163,921 Jan. 1 to Nov. 30. { 1894, gross , 40,794,948, net, 13,999,652 ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held a.t San Francisco on first Wednesday followin~ first Monday in April. Report for 1894 was given at much length in. v . 60, p. 858, 875, show. ing r esults a s follows for the whole system, including steamship lines Yea1· ending Dec. 311894, 1893. Average mileage operated..... . .. . . . ......... 6,642 6,599 •Gross earnings ..................... . ........... $44, 772,003 $48,049,548 Opera tin~ expenses. .... . .. . ...... . . .. ........ 29,405,736 30,576,244 1 ,Earnings over operating exp .................. $15,366,267 ·Trackage, rentals, &c. .. . .. . . .. . . . . .. . . . . . . . . .. 684,683 $17,473,304 685,486 Total net income ..•...••.•...•.........•.. $16.050,950 $18,158,790 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis £837,800 $1,960,000 3,859,000 5,500,000 6 6 5 4 g. g. g. g. M. & N. London, Baring Co., L'd May 1, 1903 .A. & 0. N. Y. Of., 120Broadw'y Apr. 1, 1910 F. & A. N. Y., Office, 120 B'way. Aug. 1, 1936 J. & J. N. Y .. 8. Pac., 23 Br'd St. July 1, 1937 . ••fj° J. & J. N. Y., 23 Broad St. Jan~·1,"i9u 6 g. J. & J. N. Y., 8. Pac., 23 Br'd St. Moh., 1909 6 g. J. & J. do do Mch. 1, 1910 ..6.g. A ..&..O. N. Y., s::eao:;2s·Br'd St. A. & 0. do do A. & o. do do A. & 0. do do A. & O. do do A. & 0. do do J. & J. do do M. & N. do do J. & J. New York, 23 Broad St. Apr:· 1,--i905 Oot. 1, 1965 Oct. 1, 1906 Apr. 1, 1912 Apr. 1, 1937 Oct. 1, 1938 Jan. 1, 1905 Nov. 1, 1937 Jan. 1, 1911 150,000 6 A. & 0. N.Y.,J.P.Morgan&Co. 2,000,000 5 g. J. & J. do do 500,000 7 A. & O. do do 2,000,000 5 to 6 J. & J. do do 5,660,000 5 to 6 g. J. & J. do do ' 700,00~ 5 g. F. & A. do do 243,240 Nov. do do 5,997,000 J. & J. do do 3,368,000 A. & 0. do do 1,110.000 M. & S. do do 241,820 do do Apr., 1913 July 1, 1909 Oct. l, 1910 Jan. 1, 1916 Jan. 1, 1922 Various. Monthly to '98 Jan. 1, 1915 Apr. 1, 1927 Sept. 1, 1909 Monthly to '98 6 6 6 6 5 5 5 6 g. g. g. g. g. g. g. g. Yea1· Endin g D ec. 311894. Taxes .......................................... . $1,117,373 Betterments and additions ................. . . . 11,149 fnterest on bonded debt...................... . 7,654,622 Cen. Pac. ,-arns over expenses and taxes . .. . 4,636,607 Rentals, &c ......•.•.•.... . ••.................. 1,404.,401 1893. $1,360,845 311,568 7,485,924 5,593,859 1,410,404 Balance, surplus before division of profits to prop'y comp's . . .. . . . . . .... . .. .. . . ...... $1,226,798 Income from other investments . .. . . . . . . . . . . . 371,031 Due from Oregon & Cal. account of operat' s 541,355 $1,996,190 311,439 442,833 Balance ....••.•...................•..•..... $2,139,184 $2,750,462 The sum due the proprietary companies practically inures almost en tlrely to the Southern Pacific Company as the principal owner of the stock 01' said proprietary companies.-(V. 58, p. 305, 594, 595, 70~, 717; v. 60, p. 480, 561,603,607, 858, 871,876, 1103; v. 61, p. 28,) Southern Pacific of Arlzona.-(See Map So. Pac.)-Owns from Yuma to New Mexico boundary, 393 miles. The stock is $19,995.000, all but $2,400 being held by Southern Pacific Co., which pays all charges and 12 per cent of net profits under•• omnibus lease." EARNINGS.-10 months, 51895 ...... Gross, $1,857,42f1; net, $554,084 Jan. 1 to Oct. 31. { 1894 .. .... Gross, 1,710,760; net, 597,168 In 1894, gross, $2,082,694 ; net, $599,960; deficit under charges, $14,048; net profits due the company under lease, $119,619. In 1893 gross, $2,041,705; net, $750,929. Southern Pacific (oC Callfornla).-(See Map.J-A consolida tton of May, 1888, amended in November, 1892, of several lines in California. Total mileage Dec. 31, 1894, was 1,870 miles, of which 1,863 miles was owned, but of this 242·5 miles perpetually leased to and operated by the Atlantic & Pacific RR. Co.. Balance leased to the Southern Pacific Co. for fixed charges, betterments and additions, and 44 per cent of the surplus income under the "omnibus lease." 8TOCK.-0f the stock all but $527,400 Jan. 1, 1895, was held by Southern Paoifio Company. BoNos.-Thefirst 6s are boing gradually retired with proceeds of land sales, &c., but are not subject to call. There is also a sinking Cund of $100,000 per year. General Mortgage of 1888 abstract was In V. 49, p. 509; these bonds are being retired by consols and deposited as collateral for them. Consolidated Mm·tgage authorized in Sept., 1893, (see full abstract V. 57, p. 104:t), provides for all prior liens and new construction. Bonds may be issued not exceeding $30,000 per mile, of which $7,500 a mile is reserved for additions and betterments. See V. 57, p. 469 . This mortgage covers several new branch lines, total 122 miles, not covered by any other mortgage. See V. 57,p. 1040. In Oct., 1895, N. Y. Stock Exchange reported $16,639.000 as listed. LAND GRANT.-The land grant was 12,840 a.ores per mile, and proceeds of sales go to retire bonds, but a large proportion of the land;, bar• ren and useless for agricultural purposes without irrigation. In 1894 sales were5,896 acres for $19,416 and 50,802 acres were surrendered; the net sales in 1893 were 530,603 acres, for $1,405,505 ; interest on deferred payments, $60,603 in 1 894; land notes outstanding Jan. 1, 1895, $3,504,019. EARNINGS.-10 months, 51895 ..... Gross, $8,654,820; net,$3,324,112 J a n. 1 to Oct. 31. { 1894..... Gross, 7,548,361; net, 2,855,607 ANNUAL REPORT.-Separate report for year ending Dec. 31, 1894, was given in V. 61, p. 67, 7 L In 1894 gross earnings of both div isions were $8,999,236; net, over tax es, $3,077,021; adding rental ($436,443) received from .At• !antic & Pacific RR., etc., total net income, $3,077,464; surplus over charges, $546,053, due So. Pacific Company; net profit due company under lease, $526,322. In 1893 gross, $10.669,22.R; net, $4,312,190; surplus over charges, $1,898,212; net profit under lease, $1,898,212. -(V. 59, p. 28,356,370, 374, 969; V. 61, p. 67, 71.) Southern Pacific of' Ne-w- 1'Iexlco.-Owns Arizona State Line to Rio Grande bridge, etc., 171 miles. Operated under lease by So. Pacific Company, the lessee paying all char~es and 6 per cent of net nrofite under the omnibus lease. Stock, $6,888,800 (par ~nOO), all but $2,500 beiug held by South'n Pacific Co. Sinking fund Jan. 1, 1895, $464,728. EARNINGS.-10 months, { 1895 .. . . .. .. gross, $890,416; net, $296,348 Jan. 1 to Oct. 31. 5 1894 .. ..... . gross, 764,874; net, 107,070 In 1894 gross. $926,979; net, $125,356; del:l.cit under charge", $136,· 890. Net profits under lease in 1894, $71,771. In 1893 gross, $943,· 728; net, $352,~83. Southern Kall-way Colllpany.-(See Map.J-Company operates 4,494 mileil of road extending from Washington, D. C., and West Point and Richmond, Va., to Danville, Va., Charlotte, N. C., Columbia, 8. C., and Atlanta, Ga., tbence northerly to Bristol, Tenn., southeasterly to the coast at Brunswick, Ga., and westerly across the States of .Alabama and Mississippi to the Mississippi River at Greenville. Water lines-Baltimore Chesapeake & Richmond S. B. Co., 200 miles. On June 30, 1895, the mileage was made up as follows: Lines owned, 2,842 miles; controlled by ownership of securities, 253 miles; leased, 969 miles; operated under various arrangements, 279 miles; trackage rights 49 miles; total operated, 4,392 miles; steamboat lines, 200 miles; total steamboat and railroad lines July, 1895, 4,592 miles. Atlanta & " ~ 91111 ~ w.• II 111 : , .........___ / A z ~ II H, I I ~ ~J:'\: ----··("'-.. '\)L / ,-,.,..---1 ~LAWf\£~•cr-~\ ~ ~~~\Pa~\ \ / ,.v---,~~ ~" ,.._ ko-... -~'--""' . £W ~ ,.,.:>. _•• / /2'.'.'(Jr' ~ \ 8' ~ ----..,-- , ~ £ Y S V I L L E K .i MT.• • ~ # ~ ~ ~ - ' I t ~ flrif({f/~//JJ If/ I Ir I ~ I ~ ~'Haik~\\\\\\ ~i\\.\~11.\',\\ t> A z ~ r.n ~ 0 0 H r.n A ~ 0 ~ ~ H <Q ~ MAP OF THE ,-- <:O SOUTHERN RAILWAY CO. ~ 00 ~ SYSTEM ~ ~ ~ j https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S.OUTHERN RAILWAY CONNECTIONS AUXILIARY LI_NES - - - - - - - 12-1 INVESTORS' SUPPLEM~NT. [VoL. LXII, Subscribers -will conCer a great Cavor by giving llninedlate notice oC any error discovered In tll.ese Tables. RAILROADS. INTEREST OR DIVIDENDS Bonds-Princl Miles Date Size, or Amount pal, When Due. For explanation of column headings, &c., see notes of of Par Outstanding Rate per When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. Southern Railway.-( Ooncluded.) Rich. Y. Riv. & Ches. 1st M., ext. in 1894........ 2d M., extended from 1900...................... 38 1873 $1,000 $400,000 5 J. & J. N.Y.,J.P.Morgan&Co. Jan. 1910 38 1880 1,000 500,000 do do 412 M. & N. Nov. 1910 Washington Ohio & Western 1st mortgage....... 50 1884 1,000 1,025,000 4 F. & A. do do Feb. 1, 1924 West. Nor. Car., 1st con. M., g .................. c* 309 1884 1,000 2,531,000 6 g. J. & J. do do July 1, 1914 East Tennessee Virginia & GeorgiaOld 1st M. s.f.(Bristol,Tenn.v. Chat.to Dal.,Ga.) 272 1870 1,000 3,123,000 J. & J. 7 July 1, 1900 do do Divis'n'l M., g.,(Bristol, Tenn. to Selma, .A.la.)c* 552 l:880 1,000 3,106,000 5 g. J. & J. July 1, 1930 do do E.T. Va. & Ga. consol. M., g. ($20,000,000).c&r 1,020 1886 1,000 12,770,000 5 g. M.&N. Nov. 1, 1956 do do Equip. notes, Jan.31,'96(incl.LouisvilleSouth.) . . .. 255,747 Mnthlyto1898 do do .A.la. Cent. 1st M., Selma to Meridian, gold........ 95 i879 1,000,000 ..6. g. J .. ·&:. J. do July 1, 1918 do South. Ry.-E. Tenn. lien, gold (5 after i\far.,'98) 1894 4,500,000 4 to 5 g. M. & S. Mch., 1938 do do B.-ON PROPERTIES PRACTICALLY OWNED BY(*) OR LEASED TO(il) SOUTHERN· RY. 1st M. on Ashville & Spart., etc., $1,000,000..... 1895 1,000 1,000,000 4 J. & J.I N. Y., Inman, 8. & Co. Jan., 1995 *,TVirgin1a Midland-Serials.......... ............ .... 1881 lOO&c. 7,635,000 4, 5, 6 M. & S. Baltimore, Md. Var.1906-31 Generalmortgage.............................. .. . . 1886 1,000 4,859,000 5 M. & N. •N.Y.,J.P.Morgan&Co. May, 1936 2 *,TCharlottesville & Rapidan, 1st mortgage.. .. .. 390,800 6 J. & J. Phil.,Tr.SafeD.&Ins.Co. July 1, 1913 8 1879 lOO&c. •,rFranklin & Pittsylvania 1st mortgage......... 31 1879 76,500 6 J. & J. 1N.Y.,J. P. Morgan & Co. July, 1913 . . .. ,T.A.tlanta & Charlotte-Stock....... .............. .... 100 1,700,000 6 M. & S. IN. Y., Central Trust Co. Sept. 6, 1895 Preferred mortgage, subject to call at 100.c* 26512 1 8 7 7 1,000 500,000 7 .A.. & 0. do do Apr. 1, 1897 1st mortgage .................................. r 26512 1877 1,000 4,250,000 7 J. & J. do do Jan. 1, 1907 Income bonds (not cumulative) .............. r . . . . 1880 500 750,000 6 .A.. & O. do do .A.pr. 1, 1900 ,rNorth Carolina-Stock rental 612 per cent...... .. .. . .. . . .. .. . 4,000,000 6 J. & J. Burlington, N. C. Jan., 1896 *Knoxville&Ohio,lstmort:,gold ........... c*&r 66 1885 1,000 2,000.000 6 g. J. & J.N.Y.,J.P.Morgan&Co. July 1, 1925 C.-ON ALL PROPERTY OF SOUTHERN RY., INCLUDIN OLEA!, E·HOI DS, &c., 1st LIEN ON A BT. 9001\f ILES OF ROAD AND ON STEAMBOATS. Southern Ry.-lstcons.M.g.($120,000,0001c*&r4,502 1894 l,OOO&c 24,011,000 5 g. J. &•J.N.Y.,J.P.Morgan&Co. July 1, 1994 Southwestern (Ga.)-Stock (see text.I ................ 333 .... 100 5,191,100 5 J. & J, i .....•.... See text. Southwest Pennsylvania-Stock f:1,3,000,000 auth.]. 109 50 1,499,900 See text. .A.. & O. 'Phila., 233 S. Fourth St. Oct. 1, 1895 1st M., sink. fund $5,000 yearly, not drawn ..... r 109 i877 1,000 900,000 7 F. & A. do do Feb. 1, 1917 Bpo1eane Falls tt North.-lst M., $20,000 p. m., g.c"l 140 1889 1,000 2,812,000 6 g. J. & J. N. Y., Chase Nat. Bank. July 1, 1939 Spuyte~ Duyvil«t.P'tMor.-Stock,8p.c.gu. N.Y.Cent.; 6 . . .. 100 989,000 8 per an. J. & J. N. Y., Gr'dCent.Station, Jan., 1896 State Line di: Sulhvan-tst mortgage .... .......... o 24 1 8 7 9 100 &c. 300,000 6 J. & J. N. Y., Union Trust Co.\ Jan. 1, 1899 Staten Island-1st M., $1,000,000, gold, gu. p.& i.c* 13 1893 1,000 500,000 412 g. J. & D. New York City. Jun6 1, 1943 i:ooo Florida Ry., 102 miles, was purchased in June, 1895, but is not included :above. Lines operated inaependently in which company is interested as bondholder, 184 miles. The mileage in detail was in CHRONICLE, V. 61, p. 363; see also V. -59, p. 515. See below as to lines acquired in 1895. ORGANIZATION, ETC.-A reor~anization in 1894 of the old Richmond & West Pt. Ter. Rail way & Warehouse system. The reorganization plan presented in May, 1893, was given in full in V. 56, p. 858,874, and certain changes thereof m pp. 1016, 1058, and V. 57, p. 61. The modified plan of :Feb. 20, 1894, was given in full in V. 58, p. 363, 385; see also ,each company in March and May, 1894, SUPPLEMENTS. The right is reserved to make any subsequent di~position regarding the securities of Alabama Central and Atlanta & Charlotte companies. After its reorganization the Central of Georgia system will be managed in elose connection with the Southern Ry. Co., which will it is supposed own all of the new stock.-V. 59, p. 835. In 1895 the .Ashevill~ di: Spartanburg and Spartanbu1·g Union di: Ootumbia and the .Atlanta & Ft01·ida, aggregating 243 miles, were merged into the Southern Railway Company. See V. 60, p. 433, 1148. 'fhe .Alabama Great Southern, 290 miles, was acquired b)' purchase of stock (V. 61, p. 26), and the Cinmnnati New Orleans & Texas Pacific, 336 miles, was secured uu<ler an agreement for joint ownership with Cin-0innati Hamilton & Dayton-see V 61, p. 375. The Georgia So. & 1''lor., 285 Iniles, was also acquired (V. 60, p. 1010) and a majority of all -classeH of stock or the reorganized company will be owned by the South· ern Ry. Co. V. 61. p. 113, 375. '.rhe Alabama Gt. Southern, Cincinnati N. 0 . & Texas Pacific and Georgia Southern & Florida will be operated independently, and their earnings be reported separately rrom those of the Southern Railway. V. 60, p. 796. See separate statements for :above companies. Access to tide-water at Norfolk, Va., has been obtained through a ;traffic agreement and lands for terminals have been purchased. See v. 61, p. 375. STOCK..-- Authorized about $125,000 000 common and $60,000,000 five per cent non•cumulative preferred stock. No additional mortgage can be put upon the property, nor can the amount of tb.e preferred .stock be increased without the consent of holders of a majority of the .preferred. The preferred stock is redeemable in cash at par. Both classes of stoclc of the new company (except sufficient to qualify directors) are deposited with three stock trustees. The stock shall be held by the stock trustees and their successors, jointly till July 1, 1899, and for such further period (if any) as shall elapse before the preferred .stock shall have paid live per cent cash dividend in one year, although the stock trustees may, in their discretion, deliver the stock at an •earlier date. Certificates of beneficial interest, entitling the holder to ,dividends, are issued in lieu of the stock so deposited. Stock trustees are J. Pierpont Morgan, Charles Lanier and George F. Baker. BONDS.-The new first consolidated mortgage, Central Trust Co. N. Y., trustee (see abstract in V. 59, p. 7o3), is secured by mortgage and pledge of all the property of the company. The total authorized >issue is $120,000,000 of 5 p. c. gold. bonds, as follows : To be issued forthwith ...................................... $21,911,628 Issuable only t.o {" prior bonds" (see V. 59, p. 785) ........ 69,124,700 retire certain stocks (see V. 59, p. 786). .... .. .. ... . 5,700,000 equipment obligations (see V. 59, p. 786) 3,263,672 To be issued after Jan. 1, 1896, and then only for exten• sions and additions at not exceeding $2,000,000 yearly, withasingleexceptionasto $4,000,000(see V.59,p.786) 20,000,000 Total authorized issue ................................. $120,000,000 Of the $20,000,000 consols reserved, $4,000,000 may be used •to acquire Queen & Crescent securities and other purposes. Prior 1bonds must be paid at or before maturity. Oharlotte Ool. & .Augusta flrst 7s due Jan. 1, 1895, were extended to .July, 1909, at 5 per cent. Extended bonds were assumed by Southern Ry., interest payable in gold. The original lien remains undisturbed. (V. 59, p. 970, 1006.) In Sept., 1895, $i,100,ooo consols. and $!,300,000 preferred stock had been issued to 1;>ay for a majority of the Alabama Great Southern .. 'A.'' and '' B" stock which is to be held as part security for the Southern Ry. consol~. V. 61, p. 569. EUch,nont tt Danville debentu,res, formerly income bonds on R. & D. at 6 per cent are now (since Oct.1, 1895) a fixed charge at 5 per cent. On Ash. & Spart. and Spart. Union & Columbia $1,000,00u of 4 per ·cents will be issued. GENERAL FINANCES.-Under the plan, $18,170,000 in cash was raised to be applied as follows: For floating debts (since paid ofl) ............................ $11,300,000 .For equipment notes maturing next two years.............. 900,000 For new construction.. ..................... . ..... ... ......... 5,000,000 Expenses and contingencies... .. ............................. 970,000 EARNINGS, ETc.-Fix:ed charges were about $4,200,000 in 1895 and :are estimated at $5,40'),000 in 1896. About $15,000,000 of first cousols will, it is estimated, carry coupons maturing Jan. 1, 1896. LATEST EARNINGS.-5 ?, 1895, gross, $8,504,624; net, $2,870,301. ,mos., July 1 to Nov. 30. 51894, gross, 7,963,424; net, 2,621,240. The above earnings are on 4 405 miles in both years. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held the fourth Tuesday in October. The tlrst annual report for 1894-95 was given in V. 61, p. 363, 373. See also editorial o. 350. Earnings and expenses of the lines actually operated by this company as above for all or parts of the year ended June 30, 1895, as compared with those of the same lines for same period of year previous, were : Years ending Jmie 30. 1895. 1894. Freight . ................................ .. .. $10,816,024 $10,368,224 Passengers................. .... ............ 4,329,499 4,209,942 Mail, express, etc................ . ......... 1,969,269 2,065,133 Gross earnings ........................... . $17,114,792 Operating expenses and taxes... ......... 12,062,855 $16,643,299 12,345,628. $5,051,937 89,677 $4,297,671 Other income... .. ................... ..... . Total net income . .. . . . . . .. . . .. . . . . . . . $5,141,614 Oharges-See details V. 61, p. 376. Interest and rentals ....................... $4,195,925 Other deductions . ......................... 49,944 Balance, surplus for year..... ..... ....... $895,745 ........... . Operations of line" composing the Southern Railway System (4,392 miles) for the entire years ending June 30 have been as follows: rears end June 30. 1895. 1894. 1893. 1892. Gross earning~ .. $17,959,119 $17,548,685 $19,253,204 $20,173,644 OFFICERS.-President, F!amuel Spencer, 80 B'way, N. Y.: 1st Vice Pres., Alexander B. Andrews, Raleigh, N. C.; 2d Vice-Pres., W. H. Bald win, Jr.; 3d Vice•President, W.W. Finley; Treas., H. C. Ansley; Secretary, Josiah F. Hill, 1300 Pennsylvania Avenue, Washington, D. C. -(V.59,p.29,74,153,192,332,372,472,515,541,601, 651,697,739 761, 782, 783, 835, 836, 880, 970, 1006, 1105; V. 60, p. 433, 657, 796,838,1010,1060,1103,1145,1148; v. 61, p.26,67,68,113, 153 325, 350, 363, 37a, 420,429,517,569,610, 1065, 1153.> Southwest Pennsylvanla.-Greensburg, Pa., to Fairchance, Pa 44 miles, and branches, 64 miles; total, 108 miles. Leased to Pennsylva. nia RR., which pays net earnings as rental and owns $1,057,250 stock and $600,000 bonds. For year ending Dec. 31, 1894, gross, $7851 064; net, $329,046. In 1893 gross, $740,982; net, $219,588. DiVl dends in year 1891-9210 p. c.; 1893, 10 p. o.; in 1894, 10 p. c.; in 1895 April, 5 p. c.; Oct., 6 p. c. Sonthwestern (Ga.)-See Map Oentral of Georgia Ry.-Owns Macon, Ga., to Eufaula, 144 m., a.uo branches to Columbus, &c., 188 m. LEASE.-Leased for 101 years from Nov. 1, 1895, to the reorganizfld Central of Georgia Ry. at a rental of 5 p . c. From rental in arrears adjusted, an extra dividend of $10 per share was paid on Jan. 14, 18~6; also 80 cents per share, being rental under lease ·from Nov. 1 t 0 Dec. 31, 1895, was paid, making that dividend $10.80 per share. For year ending June 30, L894, gross, $1,09-l,9 l3; net, $379,782 taxes, $5,194; • rental, $18 l,688; extra,,rdinary expens-1s, $40,490. In 1892-93, gross, $1,016,769; net, $59,000. R~uta.l, $363,422.-·(V 58, p. 44,988; V, 6l), p. 523, I008; V. 61, p, 926, 1156.) Spokane Falls & Northeru.-Owns from Spokane Falls, Wash lngton,to Northport (near Canada line), 131 miles. The Nelson & Fort Sheppard Ry., completed in March, 1894, is in the interest of the Spokane Falls & Northern, from Northport, Wash., to Kootenai Lake, British Columbia, 67 miles. Manhattan Trust Co., N. Y., is trustee of Spo kane Falls & Northern mortgage. Stock, $2,500,000; par $100. Spuyten Duyvll & Port ru:orrls.-Road ls 6 miles double track and connects the N. Y. Central & Hudson with the N. Y. & Harlem. Leased to New York Central till Dec. 31, 1970, at 8 per cent on stock. State Line & Snlllvan.-Owns from Monroeton, Pa., to Berenice Pa., 24 miles. Stock, $980,250 (par $50.) The mortgage covljrs 5,000 acres coal lands. Road leased till 1934 to tile Pennsylvania & New York Canal & Railroad Company (rental. $40,000 per annum), and so operated by Lelligb. Valley. In 1~9::J gross receipts Wdre $405,239 net, $54,669; interest charges, $16,800; balance, surplus, $37,869. Staten Island.-Clifton to Totten ville, 13 miles. Leased to Staten Island Rapid Transit Co. till l983, at $80,600 per annum, which pays $4 per share on stock, interest on bonds and organization expenses. SToc1c-.A.uthorized, 60,000 shares ori"'inally $15 per share; outstanding, 14,000 shares. In 1893 changed' formally par value, making each certificate $75, and hence total outstanding $1,050,000. BONDS-Of the 412 per cents no more than $500,000 to be issued except on two•thirds vote of stockholders. They are guaranteed principal and interest by Rapid Transit Co., and are so endorsed. Mercantile 'fi . co., trustee. The bonds were listed on the N. Y. Stock Exchange in October, 1895; proceeds of $200,000 were used to double track and for Tottenville terminals. (V. 56, p. 887; V. 61, p. 737.) Staten Island Rapid Tranl!llt RR.-Owns line of road around the Staten Island shore, east and north sides, from South Beach to a point opposite Elizabethport, N. J.; total owned 11 miles; leases Staten Island Railway, 13 miles; total operated 24 miles. It has a 99 years' lease of the Staten Island Railway and controls the ferry between JANUARY, 18\:6 J RAILROAD STOOKS AND ~ONDS. "Ubscrlbers -wUJ "oufer a e;reaw; t·avor by e-lvln:r hnJDedlate notice of any errol" dllil«"OVf>l"f"d in th.,.,..,. Tables. RA[LP..UAlh':,, Miles For explanation of column headings, &c., see notes of on first page of tables. Road. - - - - - - - - - - - - - - - - - - ·- Btaten. Isl. Rap. Tr.-tRt fu..,g-., $ or£, s.f., notdr. . o* 1 All. 2d M., g., ~u. p. & i. (endorsed by B. & 0.) . ... c&r Incomes, gold (non-cumulative) .................. . 23 Stockbridge cf: PUlsjieldr-6 p.c. rental N. Y. N.H.&H. 40 Bt•tttgart & .A.rkansa8 Riv.- 1st M. (see text), g .... c Sullivan Oounty Railroadr-Stock ....... ....... .... . 1st iuortgage, $400,00·, ....... . .. ... ...... .. ...... c Bunb'ru Hazle. & Wilkesb.-Stock (owned oy Pa. RR.) ·43 43 lRt, Sel'ies A, drawn at 100 .. .......... ........ .. . c 43 2d mortgage, ~come . .......................... c&r Sunbury cf: Lewistown-Stock ....................... . 43 1st mortgage .................. , .................. c* 43 Suncook Valley-Stock ............... .... ......... .. . tl'uspensionBridgecf:Er'ieJunction-lstM.gu.byErie ·23 Sussex RR.-1st mortgage ...... ... .......... ..• . ... Suwannee River· Railway-Stock .................. . 81 l:ly1·acuse Binghamton & New Ym·k-Stock ......... . Consol. M.(p. and i. guar. (end.) by D.L.&W.).c*&r 81 811rac11,se Geneva & 001·ning-lstM.,s.f.dr'natpar.c 57 2d mortgage ....................................... c 57 Tennessee Midland,-SEE p AD UCAH TENNESSEE & A LABA 'T erminal Railroad Association-lstmort.• gold .. c* 1st consol. mortgage, $12,000,000, gold ........ c* St. Louis Bridge Co. 1st pref. stock, ~aranteed. 2d preferred stock, guaranteed, endorsed .... . . 1st mortgage, guar. p & i., end., gold ........ c* Tunnel Railroad of St. Louis, stock, guar. (end.). ferre Haute cf: lndianapolis-~tock ...... ........... c Con;iol. mortgage, now 1st mortgage, gol<l ...... . i25 New conR. M., g .• red. aft. July 1, 1902, at 105 .. c 125 Ind. & L. Mich.1st m., $12,000 p. m.,gold,guar.,c* 40 Terre Hante cf: Logansp.-18 tM., guar. byT.H.&Ind. 93 1st M. on Logans. to South Bend (2d on 93 m.)g-u. 65 Date of Bonds --1883 1886 1885 1891 1894 1878 1878 1876 isfo i876 1875 1879 MA. 1889 1894 Size, or Par ~~~~g Value. 0 ' ---- ----$1,000 $1,000,000 1,000 2,500,000 1,000 4,500,000 100 448,700 1,000 375,000 500,000 1,000 357,000 1,000,000 100··&0. 1,,·00,000 100 &c. 1,350,000 50 600,000 500 500,000 240,000 1,000 1,000,000 500 &c. 236,500 100 1,000,000 100 2,500,000 1,000 1,966,000 100 &c. 748,300 1,000 600,000 1,000 1,000 100 100 1879 500 &o. iss5 1892 1889 1879 1883 ···50 1,000 1,000 1,000 1,000 1,000 [NTEREST OR DIVfl>~NJJi::s. ci,m,M-, nuul - - - - - - - - -- .- - - - - - - 1 pal, When Due. Rate per When Where Payable, and by Sto_ck_s-LaRt Cent. Payable Whom. Dividend. - - - - - - - 1 - - - - - - - - - -1- - - - - 6 g'. A. & 0. N. Y., foot Whitehall St. Jan. 1, 1913 5 g. J. & J. :is·.Y., foot Whitehall St. Jan. 1, 1926 Jan. 1, 1946 upto 6 g. ..... do do Jan., 1896 6 per an. Q.-J. Stockbridge, Mass. 1921 5 g. J. & .T. Coups. canc'd toJ'ly.'97 Text. A.. & 0. Boston, S.Dep. & Tr.Co. Ap~: · ·i924 4 A. & O. Boston. See text. See text. M. & N. Phila.. Broad St. Stat'n. 5 M. & N. Philadelphia,Penn.RR. May 1, 1928 May 1, 1938 6 M. & N. do do 8 per an. A. & O. Phila., Guar. T. & D. Co. Oct. 1, 1895 July 1, 1896 J. & J. do do 7 Jan., 1896 6 J. & J. July 1, 1900 7 J. & J. N. Y. Erie RR. 7 A. & 0. N. Y., D. L. & W. Office. Apr. 1, 1903 1; se·e·tex:t. Q_-~F. N. Y.,D. L. &W. RR. Co. Nov~:°i895 7 A. & 0. do do Oct. 1, 1906 7 M15&N. N. Y., Farm. L. & Tr. Co. Nov. 15, 1905 5 M. & S. N. Y., Gr'd Cent. Depot. Mch. 1, 1909 412g. A. & 0. 7,000,000 5 g. F. & A. 4,500,000 2,490,000 6 J. & J. 3,000,000 3 J. & J. 7 g. A. & O. 5,000,000 1,250,000 6 J. & J. 1,988,150 6 per an. F. & A. 1,900,000 5 g. J. & J. 5 g. J. & J. 600,000 5 g. M. & 8. 480,000 J. & J. 6 500,000 1,000,000 IJ. & J. 6 N.Y.,.J.P.Morgan&Co. do do do do do do New York and London. N.Y.,J. P.Morgan&Co. N. Y., Farm. L. & Tr. Co. do do do do N. Y., Central Trust Co. N. Y., Farm. L. & Tr. Co. do do Oct. 1, 1939 Aug. 1, 1944 Jan., 1896 Jan., 1896 Apr. 1, 1929 Jan., 1896 See text. July 1, 1925 July 1, 1925 Sept. 1, 1939 Jan. 1, 1910 Jan. 1, 1913 NevrYc.rkCity andBayRidge, L. I.; alsoferrybetweenTottenville,S. I., i Syracuse Geneva & Cornlng.-Owns from Corning, N. Y., to and Perth Amboy, N. J. ~ee Rapid Tr. Ferry in "Miscellaneous." The \ Geneva, N. Y., 58 miles, and Penn Yan to Dresden, 6 m. Leased to Fall bridge over tlu~ KillA at Elizabethport was completed in 1890, and since Brook Railway Co. Stock is $1,325,000 (par $100), of which N. Y. Oen.July 1, l890, the freight traffic of the Baltimore & Ohio RR. Co. to and tral & Hudson River owns $662,600. rn 1894-95 ~ross earnings were from New York has been handled by this company. $684,615, net, $223,409; taxes, $9,586; rental, · $228,205; loss to SECURITIES.-The Baltimore & Ohio guarantees the 2d mortgago lessefl, $14,382. In 1893·94 gross $645,158; net, $209,143; loss to bonds and owns a majority of the stock of $500,000 (par $100). Loans lessee, $15,562. (V. 59, p. 290.) and bills payahle, $7i;4,496 on June 30, 1895. ' l 'er01lnaJ KR. Association of St. Louls.-?ROPERTY.-Owns EARNCNGS.-4 months, l 1895, gross, $523,790; net, $240,889. . and operateA extensive ter{!1inals at St. LouiR, ~ith belt lines and July 1 to Oct. :n. 51894 gross 457 940. net 221 224. h_r1dges, and a ~unnel 4,800 feet m length. Th"' Un~on _P assenger Sta' ' ' ' ' ' tion at St. Loms was opened Sept. 1, 189!. The station 1s leased to the In year ending June 30, 1895, gross, $1,062,087; net, $442,087.- tenant lines for $325,000 per annum on a wheelage basis. (V. 58, p. 265,774; V. 59, p. 234, 472,601,651, 782, 836,880; V. 60, O O i d · 1889 Th f 11 · t p. 260 , 3 o3 , 8 38 : V. 61 , p. 872 • 928·> soleR~~~;:ST:IOli~effn~ cfncfu~ati chicag~ Jt'f8ut~~1¥,~~fs:&.i!rl Stockbrlde;e & Plttsfield.-Vandeusenville to Pittsfield, Mass., Nashville, St. Louis Iron Mountain & Southern, Ohio & Mississippi, 23 miles. Leased for 99 years from April 1, 1893, to N. Y. N. H. & Missouri Paciflc and Wabash. '.rhese companies have agreed under Hart., at 6 per cent on stock. Lessee pays taxes. Old lease to Housa- contract to use the property forever anct to pay as tolls a sum intended tonic iR suspended but not canceled. under ordinary circumstances, to be sufficient to provide for interest Stuttgart & Arkansas Rlver.-Stuttgart to Greenwald, Ark., 34 on these bonds, in addition to taxes, rentals and other charges, and if, miles; branch (completed in 1894), 6 miles. Opened in 1892. Capital owing to any temporary unforeseen circumf!tances the 1?,et e1;tornings to k t t d' $500 000 $100 M 1 t T t F , should not be sufficient to meet the fixed charges, each lme will conlo~n 2'i-:u:~ d:.g, Receiver ~i~:~arged in M~ ; ieondt~irl::s tribute its proportion to the extent of one·sev0nth of $1,000,000 to turned in to mortga~e trustee for cancellation 25 per cent of their make up any deficiency. Control of St. L. Merchants' Bridge Term. RR.bonds and all unpaid coupons to and including Jan. 1, 1897. Bonds see that compiny-was obtained in November, 1893. (V. 57, p. 1084.) were thereby reduced to $375,000, and next coupon is due July 1, 1897. St. Louis Terminal Ry. ("West Belt Line"), entire stock, $1,200,000t D $ and the entire isRue of firsts, $1,200,000, are owned and both depositea JuJy 1 to ec. 31, 1894, gross, 7,493; net, $1,292.-V. 61, p. 283. with trustee of Terminal RR. Asso. lf!t consol. mortgage. V. 60, p. 430. Su011Dlt Branch.-See MISCELLANEOUS COMPANIES. LEASE~.-The leases of the Bridge and the Tunnel are for their SulJlvan County RR.-Road from Bellows Falls to Windsor, corporate existence, and were made July 1, 1881, to the Missouri Pacific Vt., 26 miles, of which 1 mile is used under contract. Chartered 1846; and the Wabash, bv which companies they were assigned to the present road opened 1849; operated since April, 1893, by Boston & ~Iaine. association. The lease guaranteed 6 per cent on the Bridge Co's $2,Capi tal stock is $500,000; par $100 . .Dividends of 4 per cent are paid 490,000 first pref. stock, 3 p. c. on it" $3,000,000 second pref. and 6 semi·annually. p. c. on the Tunnel Co's. $1,250,000 common stock. EARNINGS.-For year end in~ June 30, 1894, gross, $197,695; p.et, BONDS, ETc.-The mor·tqage of 1889 (trustee, Central Trust Company, $67,043; other income, $909; interest and tax:es , $26,471: dividends was described in advertisement in CHRONICLE or February 13, 1892, (8 p. c.) $40,000; balance t!lurplus, $1,481. Concord, N. H. This mortgage also covers real estate since acquired, costing $1,539,· Sunbury Hazleton & Wllk.esbarre.-Sunbury to Tomhicken 787, subject only (in December, 1893,) to $433,333 of the real estate Pa., 4::J m. A coal road operated by the Penn. RR. co., which owns the notes outstanding. (V. 57, p. 1084.) The 1st consol. mortgage of 1894 entire capital stock and $488,600 incomes. Sinking fund for 1st mort- (Central Tr. Co., of N. Y., trustee,) is :!'or $l2,000,000 of 5 p. c. gold dr b t $11 ooo b d 1 t Of 1 t 0 t bonds, of which $7,000,000 reserved to retire firsts of 1889 and $3,· f:~:sn~iav!b!e~ ~:deemed. D~;I~E~~!:ro~tay 1889 i0\i~~ 500,000 replaced seconds of 1893. Second mortgaQe has been can p. c. yearly; in 1893, 8 p. ~-; payable semi·ann. Gr?s~ e~rnings 1894, celed; $1,000,000 issued for purchase of St. L. & M. B. Term. stock and $578,292; net, $261,899; mterest, etr,., $156,924; dividends (10 p. c.), West B elt stock and bonds and $500,000 is held by trustees for com1 $100,000; bal., surplus, $4,975. In 1893 gross, $668,889; net, $317,- P ~~~i~t~~ ¥1~~inal RR . .!.ssn. guaranteed prin(\ipal and in9i5.-(V. 54 • p. 761 ; V. 56 • p. 792 -> terest, by endorsement, the $3,500,000 St. L. Merchants' Bridge Ter• Mnnourr & Le-wlsto-wn.-Sehnsgrove Junction to Lewistown, Pa., minal 1st 5s, and the inte1·est on the $2,000,000 1st 6s of Merchants' 43 miles. eased for 99 years from July 1, 1876, to Pennsylvania Rail• Bridge proper. STOCK.-OutRtanding in June, 1895, $1,441,200. road for contingent interest in net earnings, which in 1890 were $224,ANNUAL REPoRT.-Year ends December 3 1. Report for 1894 in v 967; in 1891, $216,634; in 1892, $207,708; in 1893, $197,900; in 1894, 60, p. 430 (balance sheet, p. 521 ), showed earninas as follows: $193,329. Dividends-1883 to 18~9, Lnclusive, 6 p. ct. per an.; 1890 to ,._ Oct., 1895, inclusive, at rate of 8 p. c. Gross Net. Other inc. Oharges. Balance. Sun cook , alley RH . - Owns road Sunoook to Pittsfield, N. H., 17 1894 .... $1,508,912 $809,958 $189,892 $1,143,376 df.$144,026 miles. Leased till 1912 to Concord & Montreal for 6 p. c. on $ 240 ,000 1893 .... 1,862,123 1,055,493 127,747 1,112,554 sur.70,685 of capital stock; total stock issued is $341,700, of which $101,700 is 1892. ... 1,908,001 1,050,465 142,375 1,102,826 sur.90,014 · p 'd Hir ft 1891. ... 1,756,430 938,477 123,665 1,030,480 sur.31,662 . ·d d now d 1v1 en paymg. res1 ent, am A. Tuttle, Pitts eld, N. H. The total to credit of income account Jan. 1, 1895, was $321,664. Suspension Bridge & Erle .Tunctlon.-East Butfalo Junction -(V. 58, p. 1108; V. 59, p. 970; V. 60, p. 430,521,930, 1060.) to Niagara Falls and Suspension Bridge, 23 miles. Leased to N. Y. L. T erre Haute & Indianapolis.-( see Map Pa. RR.J-Owns from E. & W. at 30 per cent of gross receipts, which are guaranteed to be not Indianapolis to Ill1oois state line, 80 miles, with coal branches, 49 less than interest on bonds. !f;70,000 per annum. Rental in 1892·93, miles; total, 129 miles. Leases Terre Haute & Logansport RR., 183 $75,249. Erie RR. owns $499,200 ot' the stock ($500,000). miles; st. Louis Vandalia & Terre Haute, 158 miles; Indiana & Lake Sussex RR.-Owns road from Waterloo to Franklin, N. J., and Michigan RR., South Bend, Ind., to St Joseph Harbor, Mich., 40m.;Terre branch, 30 mile -. Road opened 18fi4. Since 1881 operated by Del. Haute & Peoria [less 7 miles trackage], 165 m.; total, 675 miles. Laok. & W., which owns a wajority of the $1,638,600 stock. HISTORY.-In 1893 the Pa. RR. purchased majority of stock, and in EARNINGS.-For year 1893-94 vross, $86,320, against $104,913 in Jan., '95, the three Pennsylvania vice-presidents, Messrs. McCrea, 1892·93; uet, $ ,370, against $16,787; interest and taxes, $21,118. Brooks and Davidson, were elected T. H. & I. directors. V. 60, p. 84. Sn-wannee River Ry. - Road, rebuilt in 1894·95, from Ellaville LEASES, ETC.-'Leases St. Louis Vandalia & Terre Haute RR. (which t o Fredericsburg, Fla., 37 miles; branches, 734 m. Projected to Bron• see) on joint account with Pittsburg Cincinnati Chic. & St. L. RR., at 30 son and to Cedar Key. Stock $1,000,000; par $100. per cent of gross earnings, and owns $500,000ofitscom. and$326,000 of its preferred stock. The Indiana & Lake Michigan is leased for 99 OFFICERS.-President, Edward J. Carter; Vice· President, W. R. years and its bonds guaranteed, principal and interest. In year 1891 ·92 Bu~enbark; Secretary and Treasurer, Charles A. Baldwin. Office in the I. & L. M. showed deficit from operating of $6l598, against $7,273 New York, 40 Wall Street.-(V. 59, p. 1059.) in 1890·91. In October, 1892, leased Terre Haute 6. Peoria-which see, :-.yracul!le BlngltaJDtou & N. Y .-Geddes, N. Y., to Binghamton DIVIDENDS since 1878: From 1878 to 1884, inclusive. 8; from 1885 N. Y., 81 miles. Controlled since 1857 by Delaware Lack. & Western to Feb., 1894, inclusive, 6 p. c. per annum; in August, 1894, none. which, July 1, 1892, owned $1,972,900 stock and guarantees the bonds BONDS.-The new consolidated mortgage of 1892 is limited to $600,DIVIDENDS.-In 1888, 8 p. c. and 4 extra; 1889, 8; i.n 1890, 8; in 1891, 000, and the first mortgage has been restricted to $1,900,000. 8 and 5 extra; in 1892, 8; in 1893, 8 per cent; in 1894, 8 p. c.; in 1895, In 1893 six per cent equipment notes for $400,000 were is 8 p. c. sued, maturini$5,556 monthly. The Vandalia will pay 42 p. c. of these, E \.RNING~.-For 3 months ending Sept. 30, 1895, surplus over the T. H. & L. 7 p. c. and the T. H. & I. 41 p. c. On Oct. 31, 1893, bills payable, $355,593. -Oharges was $99,407, against $77,li;6 iu 1894. Earnings for years EARNINGS.-On Terre Haute & Indianapolis proper, on 129 miles, for ending June 30: year enlHng Octol.Jer 31, 1894, were: Gross, $1,129,976; net, $322,Gross. Net. Int. ti! taxes. Dividends. Bal. sur J..19; other income, $5 645; interest, $125,000; dividend. $59,645; 1894-5 ..... . $891,086 $3!J4,708 $179,772 $200,000 $14,936 halance, FIUrplus, $143,120, from which deduct loss in operating leased 1893·4 ...... 888,096 402.661 178,129 200,000 24, 582 lines, $193,i$34; balance, deficit. $50,214. In 1892·93: Gross, $1,· 18!J2·3 ...... 936,853 436,693 178,875 200,000 57,818 307,406; net, $318,339. ·. rotal gross on675 miles, rory ... ar ending Oct. -(V. fi8, p. 306,817; V. 59, p.234-, 42~ , 927; V. t:iO, p. 303, 838; V. 31, 1><!-l4, $3,889,433; net, $835,428. In 1892-93: Gross, $4,396,658 ; 1, p. 283, 322, 926.) net, $1,023,202. (V. 60, p. 84.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Z ftN~-1. ;.!i fo ;!3-~~~~ 12,; SU.PPLEMEN1 .. (VOL, LXU, Snbscrlberl!I -urlll confer a ~reat favor by giving- Immediate notice of any error discovered In these Tables. RATLROADS. For explanation of column headings, &c., see notes on first page of tables. Bonds-PrinolINTEREST OR DIVIDENDS. Miles Date Size, or Due Amount Rate per When Where Payable, and by pal,When of of Par Stocks-Last Whom. Road. Bonds Value. Outstanding Cent. Payable Dividend. --- --- Terre Haute d: Peoria.- lst M., $2,500,000, g., gu.c* Texas Oent1·al-Common stock. . ................... 5 g. 144 1892 $1,000 $2,000,000 2,649,400 . ..... .... ····-Preferred stock, non-cum........... . ........... ........ 1,324/100 5 6 g. 250,000 1st mortgage for $2,000,000 /old, red. at 105... c* 175 i893 1,000 7 Texas & N. Orleans o/'74-Lan grant, 1st M . . c*&r 105 1875 1,000 1,620,000 6 g. Sabine Division 1st mortfage, gold........... c*&r 104 1882 1,000 2,575,000 Consol. mortgage for $4, 95,000 ............. ck&r 209 1 1893 5 g. 1,000 1,620,000 Texas school fund Jan. 1, 1894 ...... ... ......... .. . . . . I •••• 6 397,918 Texas & Pacific-Stock, $50,000,000 . ........... . ... . 1,499 .... 100 38,710,900 I -----1,000 6 g. 1st M. (Eastern Div.), ~old, s. f. red: at 100 .... c* 505 1875 3,784.000 5 g. 1st consol. mort. for $ 5,000,000, gold ......... c· 1,387 1888 1,000 21,039,~40 2d consol. M. ($25,000,000), gold (see rem.) .... c* 1,387 1888 5 g. 1,000 23,172,545 Car trusts in Dec., 1895, p ayable monthly ...... . 213,254 -----..lfg. Texas l,abine Val.& N. W.-lst M. $12,000 p.m., g .. c 4n,ooo isss 1,000 5 General mort~ge, $17 .500 per mile......... . ... 50,000 1893 ._ .. 50 Tioga RR.-Stoc '$189,700 is preferred) .. ......... 580,900 1st M., due 1882 and extended, gold ....... ....... .46 i852 500 &c. 239,500 Third-rail mortgage ............................... 1,000 125,000 7 1876 Extension bonds . .................................. 1,000 265,000 7 46 1875 Elmira State Line Railroad 1st moriage, guar .. 160,000 7 7 1875 500 &c. 'l'f)ledo Ann Arbor d: North Michigan- EE AN:N AR DORR AILWA Y, Toledo Ootumbus d: Oincinnati-SEE TOLEDO & ORI O CEN TRAL. Toledo & Ohio Oentral-Common stock .............. .... 100 6,500,000 See text. Preferred stock . ............. .. ............... .... .. 3,708,000 5 per an. 100 5 g. 1st mort~ge, gold (See text)... . ................. i97 iss5 1,000 3,000,000 5 g. Western iv. 1st mort. for $2,500,000, gold .... c* 2,500,000 1892 1,000 ----- - ---- ----- - ·ss ---· ...5.g. ---· ---- ---· 'l'erre Haute & Peoria.-Road OP.erated from Terre Haute, Ind., via Decatur, to Peoria, ill., 172 miles, of which 144 miles are owned and 28 miles is by trackage over other roads. From Oct. 1, 1892, leased for 99 years to the Terre Haute & Indianapolis at rental of 30 p er cent of gross earnings, with a minimum sufficient to pay interest on debt. See V. 55, p. 766. Stock is $1,837,400 preferred 6 per cent non-cumulative and $1,926,800 common; par, $100-of which the lessee owns $544,200 preferred and $1,388,000 common. The bonds of 1892 [Union Trust Co., mortgage trustee], carry the guaranty, endorsed on each, as to principal and interest of the Terre Haute & Indianapolis. In year ending Oct. 31, 1894, gross earning-fl, $404,915; net, $11,844; rental, $121,474; losR to lesRee, $109,630. In 1892-93, gross, $416,157; net, $22,689. (V. 55, p. 590, 766.) •rexas CentraJ.-ROAD-Runsfrom Ross, in McLennan Co. to A.lb any Tex., 176 m. This railroad company in January, 1893, took over the railway company's main line sold 'in foreclosure April 22, 1891. RoBd to be extended 11 miles to Waco. V. 57, p. 91. The new mortgage provides for old liabilities, betterments and future extensions. On Jan. 1, 1895, $250,000 additional firsts were held in treasury. ln January, 1896, a dividend of 3 p.c. on the preferred stock was paid. LATEST EARNINGS.-9 mos. 51895, gross, $H!3,659; net, $29,246. J 11n. 1 1 o Sept. 30. c189!, gross, 1 5 ,032; net, 29,918. In year ending Dec. 31, 1894, gross $319,126, n et, $123.259; intere st on bonds, $12,390; on loans, $9,l 48; spent for improvements $53,911; other expenses, $15,694. Total surplus J an. 1. 1890, $68,266· In l8 93 gross :t-283 ,8 1 4 , net $ 72, 66 1.-(V. 57 , p. 91 , 341.) 'l'exas & NeTV Orleans (of 1874).-Houston, Tex., to Orange, (8abin6 River), 105 miles; and Sabine City to Rockland, 103 miles. SECURITIES ETc.-A reorganiza.t ion in 1874. The stock is $5,000,000, all but $2,500 of it being owned by the Southern Pacific. Subsidy 4 6 3 la;~~r!~::;.~~!;i:;r;:a~ : 8 ;/;~:~o~~h::::~~e;~=~~~ acres. :E;ARNINGS.-11 months, 51895, gross, $1,497,884; net, $610,560. Jan. 1 to Nov. 30. <1894, gross, 1,417,689; net, 566,339. Gross in 1894 $1,570,371; net, $620,400; surplu1;1, including other income, over charges and taxes, $279,081. In 1893 gross, $1,765,301; net, !!l790,940. (V. 56, p. 700; V. 57,218, 256.) '.l'~xas Lou_h.laua & Ea11tern.-R~ad runs from Conroe, T ex., to Meriam, 28 miles; to end of track, 2 miles; branch, 3 miles; total, 33 miles. Under construction to ·rrimty River, Tex. This road was i,old in foreclosure June 4, 1895, to W. A. Kincaid for $101,000. EARNINGS.-Year endin g June 30, 1895, gross, $29,004; net, $2,464. char ges, $3,528; balance, deficit, $1,064.-(V.60, p.1010; V. 61, p. 473.) "l"exas & P~clfic.-RoAD _: New Orleans, La., westerly to El Paso, Texas, 1, l59 miles; Marshall Vla Texarkana Junction and Whitesboro to_Fort :Worth. 318 miles; branc_hes, 22 miles; total, 1,499, of which 93 miles, Sierra Blanco to El P aso, 1s trackage, and 19 miles, Shreveport to State line, leased, leaving 1,387 miles owned. ORGANIZATION.-In 1888 reorganized by the plan in v. 43, p. 164 and V. 45, p. 401, without having the roreclosure sal~ confirmed, thus' preserving the original Federal charter. Land assets Jan. 1, 1895, were 91,425 acres, some 13,001 town lots and land notes $88 492. See also Texas Pacific Land Trust in" Miscellaneous Cos." ' STOCK.-Mo. Pacific July 1, 1894, owned $6,525,000 stock. Bo~s--;-Trustee (!f first m:01·tgage of 1888 is Fidelity Ins. Trust & Safe Deposit Co., of Philadelphia; of second m01·lgage of 1888 Mercantile frust Co,, of New York. (See mortgage abstracts, V. 47, p. 82.) Dec. 31, 1894, Texas school loan was $135,744, for which $167,000 !lrst consoli_da~ed 5s are reserved; $73,000 'old bonds are unredeemed; mterest scrip, mcome and land grant bonds (retirable under reorganization agreement), $298,142; other serip, $11,375. GENERAL FINANCES.-No interest had been paid on second consol. 5s to January 1, 1896. See V. 54, p. 4.86. On Dec. 31, 1894, there were outst3:n<iiJ?,g only . $150!000 bills payable. The company has been spending its earnm~s m n eeded improvements. Jan. 1, 1895, about 187 miles of iron rails remained to be replaced by steel. L~TEST EARNINGS.-Jan. 1 to Jan. 7, 1895 (1 week), gross, $123,615, agamet $135,938 in 1894. _ANNUAL REPORT,:--Fiscal year ends Dec. 31. In 1895, gross, $6,975,-0 ..,6. Annual meetmg is held ln New York on the third Wednesday in March. Report for 1894 was ln the CHRONICLE, V. 60, p. 519. Year ending Dec. 31- 1894. 1893. 1892. 1891. ·Gross ea~ings ...... $7,353,013 $7,334,294 $6,987,701 $7,226,462 ,Net earmns-s ......•.. 1,863,189 1,912,765 1,309,492 1,510,741 ,Other receipts....... 71,954 117,768 115,920 96,151 ---- Total income .... $1,935,143 Paid rentals, etc..... $109,277 Interest on debt ...... 1,279,490 $2,030,533 $91,127 1,279,490 $1,425,412 $84,955 1,279,490 Surplus for year. $546,376 $659,916 132,819 $60,967 204,424 New equip. &real est. i-1278,041 M.& S. N. Y., Blair, 33 Wall St. Sept. 1, 1942 ..... ... .... --·-- A:~t. ,N. Y., Mo.ran: 68 ·wm. St. F. & A.N.Y.,S.Pa,c.,23Br'dSt. M. & S. do do J. & J. N. Y., Central Trust Co. A&031 ---·-----M:·&·· S. N.Y.,Merc.Tr.Co.&Phil. J. &D. do do Mch. 1. None paid. . .&.. J. J. Jan., '93, coup. last pd. J. & J. . ......... M:·&·N. Phil.,Newbold's Son&Co M.& N. N. Y., N. Y.L. E. & W. A. & 0. Elmira,Chem~Co.Bk. A. & 0. do o ....... Q.-J. J. & J. A. & 0. Jan.15,189 6Apr. 1, 192:¾ Aug. 1, 1905 Sept. 1, 191 2 July 1, 1943 2 p. et. per an~ 1; Mcii: ·i90 5, June 1, 2000 Dec. 1, 2000 1896·'98 . July 1, 193R Jan. 1, 194a Nov:1,..i915 Nov. 1, 1896 Oct. 1, 1905 Oct. 1, 1905 N. Y., Central Trust Co. Nov. 25,189 3 do do Jan. 25,189 6 July 1, 1935 do do do do Oct. 1, 193 5, ITexas, 'l'exal!I Sabine Valley & Nortlnvestern.-Longview Junction,. to Boren, T exas, 40 miles. Extension of 30 miles proposed .. STOCK.-Authorized and outstanding $475,000; par $100. Leon H . Hart appointed receiver Sept. 20, 1893. For year ending June 30, 1895, gross, $46,598; net. $ l2,556; c harges,. $15,762; bal., deficit, $ 3,206. In 1 893-94, gross, $51,918; net, $3,821. Toledo Ann Arbor & North Mlchl.-SEE ANN ARDOR RR. Toledo & Ohio Central.-( See Map)-This road, well shown on, the accompanying map, is made up as follows: Lines owned. Miles. , T1·aclcage (41 miles.) Jfiles Toledo to West Columbus ..... 130 In Toledo (L. S. & M. 8.).. .. . .• }, Alum Creek to Bremen ........ 38 Bremen to New Lexington .... 11 New Lexington to Corning .... 13 j Alum Creek to Columbus...... 5 Prentice to Thurston .......... 145 To Mill:fi.eld and to Carrington 24 Total owned ..•............ 326 j Total oper. June 30, 1 895. 367 ORGANIZATION.-Formed after sale in foreclosure of the Ohio Central, main line on Anril 15, 1885. In October, 1890, a larS'e interest in the Kanawha & Michigan /which see) was acquired, and m Aug. , 1893, au. extension of the K. & M. connecting with the Ches. & Ohio was opened. The Toledo Columbus & Cincinnati was purchased in 1892-see terms V. 55, p. 590, and as since extended forms the Western Division. CAPITAL STOCK.-Common stock was increased in February, 1891, from $1,849,000 to $4,849,000, and in March, 1893, to $6,500,000, for extensions, rolling stock anct improvements. The preferred is entitled to 5 per cent non-cumulative, then commol!l to 5, then preferred to 2, then common to 2, then both share, pro rata. 2 l8~v.1.r::~s{~?:.; c~~~o{1;. 5t~;.c~st ~ni::e~eirl:i 1Jo: April, 1890, to J a nuary, 1896, inclusive, 5 p. c. yearly (114 quar.) BONDS.-Issue of bonds under the first mortgage has been limited by terms of Western D_iv. mort. to $3,000,000 in all. See V. 53, p. 436. ~~ ~~~1v. Western Division mortgage for $2,500,000 covers the road from Toledo to Columbus, 132 miles, with branch, 3 miles, and also (subject to the first mortgage of 1885) the rest of the property. SeeV. 55, p. 322. 545,590,625. General mortgage of 1894 (Central Trust Co., New York, trustee) is for $2,000,000, secured by a ~eneral mortgage on all the railway, property, terminals, equipment, rights and franchises of the company now owned or hereafter acquired; $1,500,000 has been issued to pay theindebtedness incmTed and to be incm-red in the completion of the Colmnbus Line and in acquiring and improving the extensive terminals at Columbus. Th e Toledo & Ohio Central p:uarantees the principal and interest of the Kanawha & Michigan :first mortgage bonds. (S, e that com1)any.) Car trusts, series o, fall due monthly. Interest at 7 per cent is pay• able monthly. No. 5 carries 6 per cent. The other series mature quarterly and interest at 7 per cent is p ayable quarterly. The une ncumbered equipment consists or 74 locomotives, 32 passenger cars and 2,902 freight cars. ·rhe car trust obligations now in force cover 14. locomotives and 2,850 freight cars, and they h ave already. been reduced from $1,181,284 to $$488,600 on · June 30, 1895; $245,863 are 7s. EARNINGS.-Five months, July 1 to November 30. 5 months. Gross. Net. Sur. over chgs, $112,387 1895 ....... ·········· .... .. . .. . : $911,491 $307,707 1894 . . .......... ....... ....... . 1,000,053 389,172 224,362 FLOATING DEBT.-On June 30, 1895, "current liabilities" wer& $1,263,442, iucluding $917.408 of loa-ns and bills payable. Current assets, $514,5~7, including $112,430 bills receivable and $11,578 cash_ ANNUAL REPORT.-Fiscal year ends June 30. Annual meP-ting is held at Toledo on the :first Monday in September. Report for 1894·95 was ln V. 61, p. 827. The operations of the Toledo Columbus & Cincinnati,. about 80 miles, have been include<l from Nov. 1, 1892. Year ending Jiine 301895. 1894. 1893. 1892. Miles operated...... .... . . 367 347 285 238 Gross earnings ............ $1,903,990 $1,648,538 $1,963,651 $1,561,339· Net over op. ex.& taxes .. $542,368 $503,434 $642,317 $506,306 Other income.............. 9,421 24,094 15,568 25,564 $1,606,892 Total net income ....... $551,789 $82,079 1,279,490 Paid interest on bonds... $280,366 Interest on car trusts.... 36,337 $ 2 4 5 , 323 Rentals.................... . . . .. . . . 212, 302 Dividends . . • . . . • . . • • ... . • . 185,400 Miscellaneous............. 44,345 $527,528 $246,790 44,083 37,959 244,682 26,259 $657,885 $190,000 40,371 35,885 327,136 13,310 $531,870 $150,000 31,226, 34,267 294,4883,738- ~lance ....•••. sur.$268,335 sr.$527,097 df.$143,457 ,r Cncludes $244,907 paid in settlement of So. Pac. suits. sur.$33,o2i Balance ....••.....••..••.. sur.$5,341 df.$72,245 sr.$51,183 sr.$18,151 -<V. 58, p. 493, 510; V. 59, p. 1008, V. 60, p. o t 9, 523. -(V. 59, p. 778; V. 60, p. 481; V. 61, p. 468, 82'7.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis h ~ :,J ~ ~ 0 ~ ~ 00 ~ 0 0 8 w. I MAP OF THE TOLEDO & OHIO CENTRAL R'Y AND OF THE KANAWHA & MICHIGAN --, ~ ~ ~ ..... ~ ~ ~ ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILWAY. INVESTORS' SUPPLEMENT. 128 [VOL, LXII. ~u bl!lcrtberlil will confer a great favor by glv.l ng IIDJDedlate notice of any error dls<'overed In these Tables. RAILH.OADS. I INTEREST OR DIVIDENDS. Bonds-.Princi- - - - - - - -- - - - - - -·- - - - - - 1 Miles · Date Size, or Amount pal,WhenDne. of I of Par Outstandinu Rate per When Where Payable, and by Stocks-Last on first page of tables. Road. Bond~ Value. ° Cent. Payable Whom. Dividend. For explanation of column headings, &c., see notes Totedo cf: 0. Cent.-( Concl.)-Gen. M. ($2,000,000)~Car trusts, Series 2, 5, 6, June 30,, 1895 (prin'pa ) Tol. cf: Ohio Cent. Ext.-Marietta Mineral 1st M., g .. 1st mortgage for $1,500,000, gold .............. c* - - - - -· --·-·•------,----- - - - -1- - - - - - - - - - 1 - - - - - 326 45 15 1894 $1,000 i885 1888 1891 1887 ioo·&o. 1,000 1,000 1,000 ··i·oo 100 $1,500,000 498,600 650,000 850,000 600,000 4,895,000 216,210 11,250,000 5,805,000 150,000 9,000,000 938,859 1,600,000 1,560,000 2,500,000 1,500,000 1,008,000 5 6&7 6 g. 5 g. 5 4 g. .J. & D. N. Y., Central Trust Co. Quar. M. & N. May, '93, coup. last pd. M. & N. See text. F. & A. In default. .J. & .J. See text. .Jan. N. Y., Farm. L. & T. Co. ro?e~e~~~~~gW~i.~lstM::cror·$5:ooo:ooo)·;g:c* 230 Debenture EICrip, authorized $220,275 ............ 5 ·--Tute<i,Q iSt. Loiiis & Kansas City.-Common stock ... 45i ..... Preferred stock. 4 per cent, non cumulative...•.. 451 . .... Receiver's certificates, authorized $150,000 ..... ....... 5 6 g. .J. · ·&· D. Dec. '92, coup. last paid 1st mortgag-e, g-old (redeemable at lOfil. ....... c~ 451 1886 1,000 Notes payable, incl.equip. contracts, June 30,'95 . ..... ...... ..... .......... ··i·oo Totedo Saginaw cf: Muskegon-Stock . ...... . ......... ···5·· .J...&.. .J. N. Y., Office, 271 B'way. 1st mortgage ............. .. ........................ ·06 isss 1,000 Toledo Watlwndiny Valley cf: Ohi o-Stock ........... 125 100 ··4·½· g . .J."·&· ·.J. N.Y.,Farmers' L'n&Tr. Gen. M. ($20,000 p. m.), gold, A, guar. p. & i.. .. c* 125 isifr 1,000 do do B, do c* ..... 1893 1,000 412 g . .J. & J. do do Toronto Hamilton cf: Buffalo-1st mortgage, gold ... (1) 1896 1,000 4 Sero-an. . 3 .J. & .J. N. Y., Winslow, L. & Co. rraverse City RR.-First mortgage ...... ... ......... ·26 1883 1,000 250,000 Incomes (not to exceed 5 per cent) ..... . .......... ...6 1883 1,000 190,000 5 •••.. ····•••••• Troy cf: Greenbush-Stock, 7 per cent rental, N.Y.C. 50 275,000 7 per an. . . . . . N. Y., Gr. Cent. Station. 1,000 1,000,000 5 .J. & .J. All owned by Penn. R l{. Tyrone cf: Clearfield-1st M., uar. & i. Pa. RR .. 105 iss2 Ulster&Delaware-Stock ($3, 00,0 0 authorized) .. 100 1,794,600 J:·&·i:>. N. Y., Central Trust Co. Consol. M. for$2,000,000, gold ...•.... ... ..•... c* io2 isss 1,000 1,852,000 Unadilla Valley-Stock .............................. 100 200,000 J."·&··J. N. Y., De.Coppet & Co. j 1st M.,$250,000,$12,500 p.m.,g., red. at 110 c*&r .... i893 500 &c. 187,500 Union Pacific-Stock............... . ....... . ......... . ... ..... . . .. . . . . . . 100 60,868,500 ···- 1,000 1st M., Omaha to near Ogden, 1,035 miles, gold .. 1,035 6,475,000 J. & .J . .Jan., '95pd. Jan. 20, '96 Do do do .. 1,035 1,000 1,598,000 J. & .J I do do Do do do .. 1,035 1867 1,000 1,920,000 J. & .r <10 do Do dn do .. 1,035 1868 1,000 5,999,000 .J. & .J. do do 1,000 1868 J. & J. lo do 8,837,000 ~~ 1,000 i 2,400 000 1869 J. & J. do <10 ---- ------ ---- June 1, 1935 See text. May 1, 1915 Nov. 1, 1938 Aug. 1, 1911 .July 1, 1917 1905 6 J:· ---- a~ a~ ::1},gg~ m~I I Toledo & Ohio Central Extenslon.-Owns from Moore's Junction to Palos, Ohio, 41 miles; branches, 8 miles; total owned 49 miles; trackage (Baltimore & Ohio So. Western) Marietta to Moore's .Junction, Ohio, 3 miles. Of the firsts $300,000 (Nos. 1 to 300) had interest guaranteed by the Tol. & Ohio Cent. RR. Co. The guaranteed interest is being- paid by the .r. & 0. C. A receiver was appointed in Nov., 1893; receiver now is T. D. Dale, or Marietta, Ohio. Receivers' certificates for $25,000 have been issued. Foreclosure suits under three mortgages have been consolidated. J.S. Durand, 146 Bro::.d• way, N. Y., is ;1ecretary of Marietta Mineral :ay. bondholders' commit· tee. J. L. Farrell, 66 Broadway, N. Y., is secretary ofjirst and gener tl mortgage commitre... On July 1, 1894, capital stock wa.s $2,100,000; funded debt, $2,100,000; equipment obligations, $18,803 ; current liabilities. $53,605. EARNINGS. - For year endin g June 30, 1895, g ross, $52,718; deficit under opera~ing expenses, $4,595; other income, $2,52 fl. In 1893·4, gross, $49,881; defi cit under oper. exp., $21,337. (V. 57, p. 854, 894.) roledo 'Peoria & ,vestern.-Owns from EffnPr, Indiana State line, to Warsaw, rn., 220 miles; La Harpe to Cowa, Ill., 10 m.; jointly with Wabash, 1 mile; trackage to Peoria and Burlington, Ia., 17 m. STOCK AND BONDS.-Stock i s $4,500,000 (par $100), of which $423,100 is in treasury. AbRtract of mortgage (Charles Moran, Thomas Denny and Cornelius H. Gold, trustees). (V. 45, p. 242.) A s to voting power on honds see V. 61, p. 514. ORGANIZATION.-In 1894joint ownership and management by Pa. RR. and C. B. & Q. was arranged. Interest due July 1, 1894, on 1st mortgage 4s was not paid when due, but in October, 1~94, coupons of July 1, 1894, and Jan. 1, and July 1, 1895 (3 coupons), were paid $5 in cash and $15 in debenture 5 p. c. scrip payable 10 years from .Jan. 1, 1895, for each coupon: said scrip to be secured by deposit of the coupons funded. (See V. 61, p. 514.) Bills payable Juno 30. 1895, $20,000, against $47,900 in 1894. EARNINGS.-6 months, l 1895 ........ Gross, $531,289; net, $139,182. .July 1 to Dec. 31. 51894 ........ Gross, 493,230; net, 126,751. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894-95 in V. 61, p. 514. showed results as follows. In addition to the charges for 1894-95 ($240,371), there was $37,232 spent for equipment. Year. Gross Earns. Net Revenue. Inf.cl Taxes, Balance. 1894-95....... $953, 38 $208,977 $240,371 def. $31.394 1893-94.. ..... 914,782 183,961 234,400 def.50,439 1892-93.... ... 985,632 245,224 232,240 sur. 12,984 -(V. 59, p. 29,514,601, 6p; V. 61, p. 514 .) Toledo- St. Louis & Kansas Clty.-RoAo-Owns from Toledo to East St. Louis, 4-l'>l miles (6112 lbs. steel); sidings, etc., 72 miles, also has trackage to St. Louis and Toledo Union depots. RECEIVERSHIP, REORGANIZATfON. &c.-On May 19, 1893, receiver was appointed; receiver is now R. B. F. Peirce. Receivers ccrtigcates-In December, 1895, $150,000 certitlcates w ere authorized (to bear 5 per cent) to pay for new cr1rs. First mortgage bondlwlders' committee (address, Continental Trust Company, N. Y.), consists of John 'J. Havemeyer, H. 0. Armour, R. B. Hartshorne, O. T. Bannard and Morton S. Paton. ln September, 1895, nearly $8,000,000 bonds bad been deposited with them. Certificates of depoeit of bonds were listed on N. Y. Stock ExchanJ1:e in Nov., 1893. Motion for sale of property entered in Dec., 1894. Litigation pending. Preferred stockholders' crimmit/Pe: .J. M. Qnig-ley, of N. Y., Halsey .J. Board.man, Boston, and Charles Hamlin, Bangor, Me.-V. 59, p. 154. :BoNns.-The first mortgage, bonds carry coupons of .June 1, 1893. Farmers' Loan & Trust Co. and J. E. McDonald, mortg-age truatees. Abstract of mortgage in V. 45, p. 403. On July 1, 1 895, there were $938,859 notes paya.ble, including equipment contracts; current lia• bilities, including over•due coupons, $1,669,882. There are also purchase money judgments from previous foreclosure, amounting to $400,000, earrying interest, which are claimed to be a lien ahead of first mortgage bonds. LATEST EARNINGS.-From J an. 1 to October 14, 1895 1912 months), grosl'I, $1 ,421,964, against $1,210,291 in 1894. For year 1894, gross, $1,610,185, against $1,764,816, in 1893. ANNUAL REPORT.- Fiscal year ends June 30. Report for 1891·95 was in V. 61, p. 514, showing earnings as follows: Year. G1·oss. Net. lntet·esl. Taxes. Balance. 1894·95 ...... $1,819,:-:!99 $406,473 $540,000 $90,000 d ef. $223,527 1893·94 ...... 1,536,681 262,908 540,000 88,700 def. 365,792 1892·93 . . .... 2,167,074 412,977 uo,ooo 82,500 aef. 209,523 N. Y. office, 44 Wall St.-lV. 59, p. 154, 742, 880, 927, 1059. 1105; V. 60, p.131, 393; v. 61, p. 473,5 14,795, 1066.) Toledo Saglna-w & lliuskegon.-From Muskegon, Mich. to Ash· ley, Mich., 96 miles, connecting with the Toledo Ann Arbor & North Mtchigan. On August 1, 1888, the Grand Trunk of Canada purchased the $1,600,000 stock issued ($2,800,000 authorized), and above bondA were issued having- a traffic guarantee from that road and the Ohicairo & Grand Trunk. EARNINGS.-Year en<lin(J' Dec. 3 1, 1-.94_ gross, $85,· 383; net, $1,248; interest on bonds. $78,'500; deficit for year, $76,752, of which $38,843 was advanced by the Gr. Trunk and Ch. & Gr. Trunk. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 .Jun.ioi "i," ·i916 Monthly. .Juiy·1;·fa1s .Juiy. 1," .i93l July 1, 1933 1946 .Jan. 1, 1933 .Jan. 1, 1933 Jan:. 2,..i912 Jui8·1;·i928 Jan:·2,..i933 Apr. 1, 1884. Jan. 1, 1896 Jan. 1, 1897 July 1, 1897 .Jan. 1, 1898' .July 1, 1898 Jan. 1 1899 Toledo Walhondlng Valley & Olllo.-Owns road in operation from Toledo Junction to Toledo, 0., 80 miles, and from Loudon. ville to Coshocton, 0., '15 miles; trackage (Pitts. Ft. W. & C),. Toledo Jct. to West Loudonville, 25 miles; total, 132 miles. LEASE, ETC.-Leased for net earns. to the Penn. Co., which Jan. 1,. 1895, owned $1,920,000 of the stock and guarantees principal and interest of the bonds. The mortgage is for $4,000,000; there is a sinking fund of 1 per cent, if bonds can he purchased at par or less ; otherwiseit lapses, the bonds not being subject to call. In 1894 g-ros!I, $622,741; net, $106,830; interest, etc., $127,806; bal., deficit, $20,975. Total surplus Jan. 1, 1895, $135,878. In 1893, gross, $556,~01; net, $111,200 T01·onto HaDltlton & Bufl"alo KR.-R oad, Hamilton to Waterford, Ont., 43 miles, in operation in August. 1895. In J anuary, 1896, through line from Welland to Toronto, about l '22 mil e", was being completed, thus connecting the Vanderbilt system at Welland with Canadian Pacific at Toronto. The stock on completion of the road will be $20,000 per mile, not exceeding $2,500,000 in ~11. FirAt mortgagebonds will be authorized at $40,000 per mile of single main track and $7,500 per mile of second track. The American Loan & Trust Co. of Boston is tru;1tee of new mortgage. The Canadian Government grants a subsidy of $3,200 for each mile of track and the City of Hamilton has also granted a subsidy of $225,000. For traffic ag-reement with N. Y. Central, Michigan Central, Canada Southern and Canadian Pacific [which four companies will own and place in trust 70 pPr cent of the ca pital stock], see CHRONICLE, v. 61, p. 753. bDEX, v. 61, p. 197, 753 .. Troy & Greenbush.-Owns from Troy to Albany, 6 miles, double track; leased to N. Y. Central in 1851. lster & Dela-ware.-Owns from Rondout (Hudson River), N. Y. co Stamford, 74 m.; proprietary roads leased,entire s tock owned. Delaware & Otsego RR., Hobart to Bloomville, 9 miles; Stony Clove & Catskill Mt. RR. (narrow gauge), Phrenicia to Hunter, 15 miles; Hobart Branch RR., 4 miles. Owns Kaaterskill RR., 7 miles. Total, 109 miles. BONDS.-The mortgage of 1888 covers ail the property owned or ac• quired with the bonds except the franchise to be a corporation. , EARNINGS.-5 months, l 1895 ........ qross, $219,109: net, $72,~22 July 1 to Nov. 30. 51894 ..•... .. Gross, 209,104, net, 68,606Year. G'l·oss. Net . Othe1· inc. Int., taxes, etc. Bal., sur 1894·95 ....... $405,227 $90,148 $34,128 $113,128 $11,148 1893·94 . . ..... 428,053 138,903 943 112,993 26,853 -(V. 59, p. 880; V. 61, p. 364. ) Unadilla Valley Kalhvay.-Owns road from Bridgewater to-2 1895 t~~~~rM~~t.siiin ~.~i~~s0 H;_ntJ~l£Y, · Connects D. L. & U Union Pacific Kall-way .-Lines owned directly.- Main lin& (former Union Pacific Railroad) Council Bluffs to Ogden and branches,. 1,039 miles; former Kansas Pacific Railway, Kansas City to Denver, 643 miles, and Leavenworth to Lawrence, 34 miles; former Denver Pacifl.c R'y, Denver to Cheyenne, 106 miles; total owned, 1,822 miles. The "Union Pacific System" on January 1, 1895, comprised 4,900 miles, against 7,691 miles in 1894, the Denver L. & G., Ore. Ry. & Nav., Un. Pac. D. & G. and Ft. Worth & Denver City lines havingpassed into the hands of separate receivers. Lines owned d! controlled. Miles. Lines owned d! controlled. Milea ► Union Pacific ....•........... ,Tl,822 Kansas City & Omaha. ...••• ,r 193 Kansas Central............... 165 U. P. Lincoln & Colorado ... ,r 225 Omaha & Republican Val.... 4'32 Eight small roads...... ...... 3340regon S. L. & Utah Nor .... iTl,428 St. Joseph & Grand Isl'd. ... ,r 251 Total "Un. Pac. Sys." ..... 4,900,r These properties, having securities of their own held by the public, a.re separately described in this SUPPLEMENT. Also controlled the Central Branch UniPn Pacific and leased linesl388 miles) which are operated by the M.lssouri Pacific under an agreement with Union Pacific for twenty-five years from 1885. Also ownsjointly with other companies the Leavenworth Topeka & Southwestern, 47 miles; Manhattan Alma & Burlingame, 56 miles; Montana Union, 72 miles. Grand total, including- one•balf lines operated jointly, 5,075 miles on J an. l, 1895, against 8,167 miles in 1894 ► HISTORY, &c.-This Railway company was formed by consolidation,. .Jan. 24, 1880, of the Union Pacific Railroad and the Kansas Pacific and Denver Pacific. The Union Pacific Railroad was chartered by .A.ct of Cong-ress of July 1, 1862. The Kansas Pacific was organized as" Leavenworth Pawnee & West• ern" in 1861: then changed to "Union Pacitic, Eastern Division.'' June 6, 1863, and to "Kansas Pacific" on March 3. 1869. The line connecting the Kansas Pacitic with the Union Pacific was constructed by theKansas Pacttic under a charter datett Nov. 19, 1867, and was opened Jan. 1, 1871. The Kansas Pacific Eastern Div. aUli the Middle Div► bonds are designated_ on the bo~ds Union Pacific Eastern J?iv., tha1. being the corporate title of road m 1865· 66 when bonds were issued. RECEIVERSHIP.-President s. H. H. Clark, Oliver w. Mink and E. Ellery Anderson were appointed receivers October 13, 1893, (V. 57, p. 639). In November Frederic R. Coudert and .J. W. Doane appointed additional receivers. New York office 36 Wall Street. REORGANIZATION PLAN.-The plan issued in Ootober.1895, by the following committee: Louis Fitzgerald, Marvin Hughitt, Chauncey M. JANUARY, 1896] RAILROAD STOCKS A:ND BONDS. 129 Subseriberl!I will confer a great f'avor by giving iJnJDediate notice of any error discovered in these 'Lables. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prn1ci- - - - - - - -·- -- --·- - -- - - - - - - Miles Date Size, or Amount - - - - - , - - - - - - - - - -- - - - - -1pal,WhenDne ~•or explanation of column headings, &c., see notes of of Par Outstanding Rate per When Where payable, and by Stocks-La.at on tirst page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. - - - - - -- - - - - - - - - - - - - - - -1- - - - - - - - - 1 - - - - - - -1- - - - - - - -1- - - - - - - - - - -1- - - - - - Union Pacific.-( Concluded.) 2d mortgage, currency (Government subsidy) ... 2d mortgage. currency (Government subsidy) ... 2d mortgage, currency (Government sul>sidyJ ... 2d mortgage, currency ( Goverumen~ subsidy) ... S . .F'. 3d l\1. on road (1st on land) g., see text . . c&r Omah a bridg-~ b?nds (s. f. drawn at 110),gold.c*&r Renewal (s1nkmg fund, not drawu), gold ...... c Kansas Pacific bondsEast. Div.·'U. P .. E. D." 1st M., $16,000p. m., g. l\lirt. Div. "Union Pac., E. D." 1st mort., gold... 2dmortgage (toU. S.Gov.) on394m.W. Mo. H.. Do do do .. Do do do .. Do do do Leavenworth Br., 1st M. (i!582,000 in trust)... Denver Pacific, 1st M. gold ($971,000 in trust).. Kan. Pac., Denver Extension, 1st M., gold· .. c*&l' lncome mortgage ($253,850 held in trust) .... . c Income M., subordinated,$3,991,100 held in tr. K.P.Cons.M. $30,000,000, 1. gr. gold, notdr'n.o* U. Pac. collateral trust, gold, s. f. drawn at 105. o" Collateral trust of 1883, gold, s. f. not dr'n ...... . Collat. trust,Den. L. &Gun. ($3.250,000),g ...... o* Kan. Div. and Col. Tr. M., gold,red. at 110 .... or&r Collat. trnstgoldnotes.for$24,000,000 ........ . o&r Equip. bonds Series A, 1 1 0 due yearly in Oct c* Series B, 110 due yearly in April.... . l>o Do Series C, 1 10 due yearly in April.... 1,035 1.035 1,035 1,035 1,035 4 4 1866 11,67 1868 1869 1873 1871 1885 140 254 394 394 394 394 32 106 242 661 661 Text. 1865 $1,000 2,240,000 1866 1,000 4,053,000 640,000 1865 1,440,000 1866 1867 2,800,000 1,423,000 1868 1,000 1866 15,000 1869 4,000 1,000 1869 1,000 5,887,000 1866 50&o. 1866 1,000 }11, 1879 3,626,000 1,000 1879 4,677,000 1,000 1883 2,030,000 1,000 1889 1891 See text. 1,000 8,592,000 1891 1,000&o 1887 1,000 143,000 1,000 631,000 1888 1,000 375,000 1890 325 767 ... . ... . . .•. . •.. $1,000 1,000 1,000 1,000 1,000 £200 1,000 Depew, Jacob H. ohift", Oliver Ames, 2d, and T. Jefferson Coolidge. Jr., was given in full iu V. 61, p. 704, '705, and provides for the fol'.ma tion of a new company, throng h foreclosure or otherwise, and for the issuance of the ecurities below mentioned. See extracts from com• mittee's circular of D ecember 1, 1895, in V. 61, p. 1014. In January, 1896, a maJority of all Union Pacific Division main line bonds and Kansas Pac. firsts in circulation, as well as large deposits of junior bonds and a majority of the capital stock had been deposited with tnis c:ommittee. v. 62, p. 41,139. D•positaries.-Tbe Mercantile Trust Co. of New York, Old Colony Tru~t Co. of Boston, trnok of Montreal of London; Amsterrtamsche Bauk of Amsterdam; Deuts<:lle Vereinsbank of .l!'rankfortou-Main. NPW Secm·ities- • Common stock ... . .. .... .. .............. .... .. . .. . ... ......... $61,000,000 Of which to go to old stock on payment of assessment. . . 60,868,500 Four per cent non•cumula.tive preferred stock .............. 75,000,000 Of which for purposes of reorganization .................. 47,135,600 For equipment obligations. &c.. .. . . . . .. . . . . . . .. . . . . . . . .... 7,000,000 For settlement of debt to UnitP.d States. &o.............. 20,864,500 Fir st mortgage railway and la nd grant 50•year 4 per cei,t gold bonds, to be dated Jan. 1, 1897, interest J &J .... 100,000,000 Of which for old bonds to be retired ....................... 51,244,720 For equipment obligation s , &c ............................. 13,000,000 For settlement of debt to United States, &o.............. 35,755,280 Old Secitrities in amounts of $1,000 bond ,--- - - Wilt r·eceive----.. $100 stock1st mor·t. Pnf. Com. lJnlon Paeiflc debt4s. Stock. Stock. 1st mort~age 6s .............••............. $1,000 $500 Sioking fund 88 ... . ......... ...... ... . ..... 1,000 500 Omaha Bridge 8s .......................... 1.000 500 Omaha Bridge renewal 5s ................ 1,000 250 Kansas Pacific Divisional 1st 6s ... . ........ 1,000 500 Consol. 6s....... . ...... ..... .... ........ ... 800 500 Kansas Division and collateral 5s........ . . . . . . 500 Fragments of old loans................ ... 800 500 Union Pao. stock pays ass't $15 per share. . .. . . . 15 $100 .Adjustment of Interest-Interest in default on and to Jan. 1, 1897, on ~. P. 1st 6s-and all K. P. 1st 6s to be paid in cash as it matures; the difference in rate (2 per cent) between old bond surrendered and new bond is to be adjusted to the maturity of the old hond by a cash pay• ment at the time the new bonds are issued. Defaulted interest on K. P. consols. receives 25 per cent in new preferred. Underwriting Syndicate.-A syndicate will furnish the sum of $10,· 000,000 for purchase of coupons, etc., and they may be called upon if necessary to increase the amount to $15,000,000. The time for declar• ing the plan operative is limited to Dec. 31, 1896, with option to ex.tend the time to June 30, 1897. . Union Pacific Fit-st Mor·tgage Committee.-In April, 1895, Edward King, Donald Mackay, A. A. H. Boissevain and Charles E. Cotting w ere appointed a first mortgage committee. V. 60, p. 668. Suit for foreclosure of first mort. brought Jan. 11:1, 1895. · A.gent fo1· fit'st mo1·tgcige bondholder·s.-Union Pacific first mortgage bondholders opposed to the above plan are represented by H. Living· ston Rogers, 9 Pine St., N. Y. V. 61. p. 1066; V. 62, p.42, 94. Denver· Lea<lville ct: Gunnison.-In January, 1894, Henry Budge, 26 Broad St., N. Y.; Charles A Peabody, Jr., and Henry De Coppet were appointea a bondholders' committee for the collateral lr1tst 412s on Denver Leadville & Gunnison road. Central Trust Co. certificates of deposit for said bonds were listed on N. Y. Stock Exchange in April, 1894. Receiver for D. L. & G. is Frank Trumbull, appointed in August. 1894. An order of sale wn.s applied for in Dec., 1895, but temporarily 1·e1'used in Jan., 1896, pending settlement of Union Pacific cross-bills, etc. V. 61, p. 1118; V. 62, p. 139. Kansas Pacific. consols.-Tappen Committee-This committee in Jann• ary, 1896, accepted the provision made for the Kansas Pacific consols in the U. P. reorganization plan. A meeting of certiticate holders will be held Jan. 28 to ratify thls action. 'Ille comlnittee represents $ 10,· 359,000 of the $11 ,724.000 consols outstanding. - V. 62, p. 139. Den-ver· Extension Committee consists of H. L. Thornell, G. J. Wetzlar, and R. C. Martin. V. 60 , p. 523. Other Conimittees.-13ee the several statements in this SUPPLElUENT for the subsidiary roads, Oregon Short Line, etc. DEBT TO U. S.-Inter·est on the U. 8. loans is not obligatory till the principal is due, but the Thurman act of May, 1878, provides that 25 per cent of the net earnings after deductin~ interest on the first mortgage bonds and construction and equipment expenditures shall be applied annually to interest and sinking !und. Total 1Jn. Pac. debt to 1J. S. was thus stated J an. 1, 1896. Principal. $27_,.236,512; interest accrued and not paid, $817,095 ; interest paid by united States, $44.,568,139; repaid by Union Pacific, $15,576,337; balance of interest paid by U. 8., $28,991, 03. On .Kansas Pacific there was due for principal, $6,303,000 ; interest, $6,329,469. Total debt, principal and interest, less sinking fund, amounted in 1893 to about $52,000,000, maturing in 1895-99. V. 57, J'. 596. On January .L, .Ll:!95, the sintcing J'una for U. P. debt invested in RR. and U.S. bonds (par value) was $13,654,250, and the prelnium paid on bonds and cash nninvested was $2,665,952; total. $16,320,202. Government Direcwrs' Report.-See report for 1894·5 in V. 61, p. 751. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $4,320,000 3,840,000 15,911-',512 3,157,0vO 3,730,000 194,000 1,056,000 7!~:~~~ 6 ..... ..... 6 6 ..... 6 ..... 8 g. M. & 8. 8 g. A. & 0. 5 g. A. & 0. U.S. Treas., at maturity. dC\ do do do do do N. Y., Un. Trust & Bost. N.Y.J.P.M.& Co. & Lon. Oct., '94 pd. Nov. 2,'94. Feb. Jan. Jan. Jan. Sept. Apr. Oct. 1, 1, 1, 1, 1, 1, 1, 1896 1897 1898 18!:}9 1899 1898 1915> 6 g. F. & A . .Feb., '94, coup. last pd. Aug. 1, 1895 1, 1898 ~ g. J ... Dec.,'9~:~~~.~:~~stpaid. June Nov. 1, 1895 6 ..... . ....•.... Jan. 1, 1896 Jan. 1, 1897 6 ..... ·········· 6 .. ... . ........ . Jan. 1, 1898 7 M. & N. May, '93, coup. last pd. Jan. 1, 1896 M. & N. do do May 1, 1899 7 6 g. M. & N. Nov.,'93,coup.lastpaid. May 1, 1899 7 M. & S. . ........ . July 1, 1916 7 M. & S. July 1, 1916 6 g. M. & N. Nov.,'93, pd. Dec.15.'93 May 1, 1919 6 g. J. & J. Jan.,'96, pd. Jan. 2,'96. July 1, 1908 5 g. J. & D. June,'95, pd.Dec.10.'95 Dec. 1, 1907 4½!g. M. & N. May. '93, coup. last pd. Nov. 1, 1918 5 g. M . . & N. May 1, 1921 6 g. F. & A. N.Y.,J.P.M.& Co.&Bost. See text. 5 A. & 0. See text. $72,000 y'rly. 5 A. & 0. See text. 210,500 y'rly. 5 A. & 0. See text. $74,000 y'rly. ~."?· { GUARANTIES.-As to guaranties see SUPPLEMENT November, 1893. BONDS.-Of the sinking funcl 8s due Sept. 1, 1893, $3,730,000 were extended at the same rate for i;iix years. See V. 57, p. 257. 'rbese bonds can now be drawn at par. They covered, Jan. 1, 1896, 3,345,000 acres of laud, of which 72,000 acres agricultural, 2,473.000 ao1·es grazin~ and 800,000 acres arid; also land contracts for $2,727,480. Of tll11 $1,056,000 Omaha Bt·iclqe renewal 5s given above as outstanding, $145,000 are held under the trust indenture of 1891 and $322,000 in treasury of the receiver on Jan. 1, 1895. · As to l)er, ·v er Exte11sion bonds see 8UPPLEME1'1T of July, 1895. I{ansas Pacific Consols.-The mortga~e securing these bonds was in V. 58, p. 988, see also editorials in V. 5i:s, p. 965, and V. 59, p. 8. The Union Pacific collateral trust 6s and 5s are secured by deposit m trust of branch line bonds. (See list, V. 59, p. 192.) The ~ansas Div-ision and collater·at mortgage for $20,000,000 wae pledged as collateral for the collateral trust gold notes of 1891, as were also $671,000 "C" equipment bonds and other securities. Of the $18,530,000 collater·al wust gold notes which were 1ssu ... d in August, 1891, to fund floating debt $7,100,000 had been retired through sale of collateral prior to Jnly 24, 1893. A full abstract of the trust deed was given in V. 53, p. 528·531. · The stocks deposited carried the control of all the most important branches of the system. On Jan. 1, 1895, $183,000 was in trust under K. P. consol. mort., an<! $180,000 in treasury of Receivers. These notes (of 1891) were duo Aug.I, 1894, but interest was paid and holders were advised not to press collection at that time. V. 59, p. 154. See trust committee's statement as to status in March, 1895, in V. 60, p. 668. In January,. 1896, only $9,326,000 of these notes were given as outstanding. agst. $10,861,000 on Dec. 31, '93, and it was thought the amount had been reduced to a point where the income from collateral would suffice to meet regularly the interest as it accrues. See V. 60, p. 886; V. 61, p. 153, and item "Hutchinon & Southern," v. 62, p. 84. COUPON P .AYll1ENTS.-The last coupon of each loan paid is as follows: Coupon. When <l1te. Oregon Short Line & U. N. coll. tr. 5s ..•. Sept., 1893 " " " " consol. 5s .... Oct., 1893 St. Joseph & Grand Island lst ...•....... Nov., 1893 K. P. ooni:tol 68 .....•.................. : ... Nov., 1893 Denver exten. 6s .......................... Nov., 1893• Kearney & B. H. 1st .................. ..• . Nov., 1893 K. P. Middle Div. 6s .........•............. Deo., 1893* Central Branch 7s . ........................ Nov., 1893 Atch. & Pike's Peak 6s ................••.. Nov., 1893 Idaho Central 1st mortgage 6s ......... ... Jan., 1894 Kan. Pac .. Eastern Div.,, 1st M. 6s .. ...... Feb.1,1894• Utah Southern gen. anu 1st exten ........ Jan., 189i Utah & Northern oonsol. 5s ....... . ...... July, 1894 Utah & North'n equip. trust 5s int. & s. f.Apl.1,1894 Omaha Brid~e renewal 5s .........•..•.. Oct., 1894' Utah & Nortnern 1st 7s ............ ... .. J'an. &July, ' 9 5 Oregon Short Line 1st 6s ......•. ~ ......... Feb., 1895 U. P. first 6s . ................. . ......... •. J a n., 1895 U. P. coll. tr. gold notes of 1891. .....•. Aug.1, 1895 U. P. collateral trust 5s of 1883 .......... June, 1895 Union Pacific coll. tr. 6s .... . ......... .... July, 1895 U. P. sinking fund 3d mortgage 8s .... ... Sept., 1895 Equip.bds.A,B,C,int.andinstal't (to date)Oct.1,1895 When paid. Last paid. Last paid. At maturity • Dec. 15, 1893 Dec. 15, 1893 Dec. 15, 1893 Dec. 15, 1893 Jan. 22, 1894 Jan. 22, 1894 Feb. 19, 1894 At maturity. FelJ. 19, 1894 Jan. 31, 1895 May 21, 1894 Nov. 2, 1894. Dec. 6, 1896 Dec. 2, 1895 Jan. 20, 1896 At maturity. Dec. 10, 1893 Oct. 8, 1895 At maturity~ Oct., 1895 In Dec., 1895, the Committee also agreed to purcha-se overdue Omaha ' 'Bridge renewal coupons on bonds depo,1ii;ed. " Jan. 20, 1896 (with interest thereon to date) at Union •.rr. Co., N. Y. In November, 1895, all past•due coupons pertainin~ to the Union Paoifio · and the Kansas Pacific main line first mortgage bonds were cashed by tho Reorganization Comlnittee upon deposit of the bonds therewith,. aucl certificates for compound interest on the over•due coupons were issued. LAND GRANT.-Landsunsoldon the several divisions amounted Jan. I ,. 1895, to 6,524,000 acres, valued at $13.358,500, and pledged to eeoure, mortga~es as shown above. Of thesP, 800,000 acres were arid, 1,434, 000 agricultural and 4,290,000 graz:ng lands. In the year 1894 greas sales were 32,171 acres for $116,20'7; cancellations of sales of p;revious years were 60,520 acres for $120,272. Total land oon1n0ts outstanding January 1, 1895, $6,162,751. FINANCES, &c.-Kan. Pac. "Eastern Div." 6 s for $2,240,000, -which matured Aug. 1, 1895, and U. P. 1st 6s for $6,475,000, which fen due Jan. 1, 1896, were not paid. LATEST EARNINGfi.-For 11 months ending Nov. 30, on 5,292 average miles operated in 1895, against the same mileage in 1894. ,--Gross Earnings.--.. ,--Net Earnings.--.. Jan. 1 to Nov. 30. 1895. 1894. . 1895. · 1894. Union Paoitic Ry.... $13,193,860 $13,707,162 $5,131,212 $4,340,294 Oregon 8. L. & U. N. 4,923,121 4,626,644 2,182,259 1,303,906 St. Jo. & Grand Isl'd. 564,925 7i4,462 105,744 176,73!> K. C. & Omaha. ..... 64.472 104,252 def.30,632 def.25,15~ All other lines.. . . . . 1,183.308 1,611,713 200,599 65,245, Tot. "Un. Pao.Sys."$19,929,686 $20,774.233 $7,589, 182 $5,861,028: Cen.t~Br.&l'sedlines 547,914 687,989 4l,171 132,067 Grand total of all.. $20,477,600 $21,462,222 $7,630,3:)3 :f,:5,993,00S INVESTORS' SUPPLEMENT. 130 Sub ■crlbers [VOL, LXII. -will conCer a great favor by giving Immediate notice of any error dlscevered In these Tablea. RAILROADS. Wpr explanation of column headings, &o., see notes on first page of tables. Bonds-Prinol INTEREST OR DIVIDENDS. Miles Date Size, or pal,When Du@, Amount Rate per When of of Par Where P¾t_able, and by Stocks-Last Outstanding Road. Bonds Value. Cent. Payable om. Dividend. - - --- 'fl/nionPaciticDenvertl Gulf-Stock for $36,000,000 Colorado Cent. lat M., La Salle to Julesburg, &c.c Denv. Tex. & Ft. Worth lat M. ($20,000 p.m.)g.c* Denver Texas & Gulf lstM. ($20,000 p. m.)f.. c&r U.P. Den. & Gulf con. M.,gold, sub. to call at 05.o* Ft. Worth & Denver City-See that company. fltiion Pacific Lincoln d Colorado-Stock ..•..•••••. 27i 165 138 876 $100 $33,837,093 1,000 4,788,000 1887 1,000 721,000 1887 l,000&o 1,032,000 1890 1,000 15,801,000 isfa isss i:ooo 100 lat M. ($20,000 per mile), gold, guaranteed .... c* 225 Gen. M. otroa,>e o! 1901, gold ..........•...... c '73·;76 ;..te • A 1878 ~ 1883 00 0 1889 ~~ 1894 97 31 12 12 62 1881 U93 . lfl,,,,ited N. J. RR. d Oanal Oo.-Stook, 10 p. c. guar.. '71 (now loan of 1908, gold ...••............. r lstmort.) loan of 1923, gold ................... r ,sec'res all loan of 1929, gold .............••. c&r equally J loan of 1944, gold ...•............... Utica Olten. ti Su8jJ,. Vat.-Stock,~.c.gu. b:b D.L.&W. TTtica Olinton ti inffr.h'ton-lat ., ~ar. . &H ... c Valley (N. Y.J-Stoc , 5 p. o. guar. y D. L. & W ... lat mortgage (for $500,000) ....................... Valley (Virginia)-lat mortgag-e for $1,000,000 .. c Velasco Terrninal .Ry.-lst mortgage, $800,000..... r· s 1,000 1,000 1,000 1,000 1,000 100 1,000 100 isso issi i:ooo ·-· ·----- J ...&•. J. 7 5 g. l\I. & N. 5 g. A. & 0. 5 g. J. & D. Jan.,'95,pd. Feb.16,'95 Juiy·1:·i909 May, '93, coup. last pd. Jan., 1896. Oct., '93, coup. last pd. Apr. 1, 1937 June, '93, coup. last pd. Dec. 1, 1939 2,309,800 ··s·g. A:·&··o. Oct., '93, coup. iast pd. 4,429,000 21,240,400 10 p. an. Q.-J. Phila. and N. Y., Offices. 5,669,000 6 g. M.& 8. do do 841,000 6 g. M.& 8. do do 1,824,000 4 g. F. &A. do do 6,020,000 4 g. M.& 8. do do 5,646,000 4 g. M. & 8. N. Y.,N. Bk.Com. & Phil. 4,000,000 6 per an. M.&N. N. Y., Del. L. & W. RR. 800,000 5 J. & J. N. Y., Security &Tr. Co. 750,000 5 per an. J. & J. N. Y., Del. Lack. & West. 400,000 F & A. 5 do do 750,000 6 A. & 0. N. Y .. Mero. Tr. & Balt. 400,000 M.& s. 5 In default. Apr:·1,--i918 Jan., 1896 Mch. 1, 1901 Sett. 1, 1908 Fe . 1; 1923 Sept. 1, 1929 MQh. 1, 1944 Nov., 18~5 July 1, 1939 Jan., 1896 Aug. 1, 1911 Oct. 1, 1921 Aug. 1, 1943 , ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting inBos· 1 $3,854,000 and $1,968,000 respectively, being held tor the U. P. Den oon last Wednesday in Apnl. Report for 1894 was ~iven In CHRON· ver & Gulf console. The Union Pacific report for 1893 gave consols a:cLE, V. 60, p. 745 and 925, showing results as follo-ws on all lines tor $15,801,000 outijtanding, of which the U. P. held$7,338,000 and the ,. operated by the receivers, compared with results for same lines in · company itself $826,000. Coupons in default Dec. 31, 1894, aggregated D.893. ~1,297,650. Year e'l'l,d,ing Dec. 311894. 1893. EARNINGS.-11 months, t 1895 . ... .. Gross, $2,830,324; net, $673,305 .iA.verairn miles operated.... .. ......... ... . 4,904 4,835 Jan. 1 to .Nov. 30. 51894 ... ... Gross, 2,599,212; net, 537 493 ._P as~rigers ..... ······ · · -· · · · · · · · -. ... · · · · · · $3,790,776 $5,296,608 ANNUAL REPORT.-Report for 1894 ,vas in V. 60, p. 654. Freight... .-......... . ....... .... ............ 15,761,867 18,270,609 :r:·. . a· D 31 1892 Mall, express, etc.......................... 1,955,740 1,980,347 Av:::g~~li!s o;~~ated l1894 ooo· l1893 003' 986. -Oar service ... . . . . . . . . . . . .. . . . . . . . . . . . . . . . 252,138 369,713 ··· ·· ·· · , ·, Miscellaneous.............. . .. . ............ 558,623 567,214 Gross earnings .....••....... ... f,)2,847,055 $3,510,962 $4,135,241 -, ·, $ · · Net earnings.................... $601,116 $385,604 $760,178 26 ,484 ,490 Add income from in vest's, &c. Total gross earnings ........ . - •· •··· -• $ 22 319 144 22,583 47,450 83,874 !Net earnings............... . ............... $5,603,007 $8,563,601 Guaianty account .....•...•. ••. _ _ _ _ _ 783,176 379,455 ~~~ -cent. Branch Un. Pac. net earnings...... Cnvestments outside of system..... . .. . .. "Interest on S. F. 8 pElr cent bonds.. . ..... llnterest ·on eon. trust 6 per cent bonds.. Cnterest on K. P. con. bonds repaid.•• • -Misce1lruneous land sales ... ............... One-half ren 1 al Mon. Un. Ry ..... •• -- • • •· Miscellaneous ..... ••• • • • • • • • • • • • • • • • • • -• • • lJiscount a nd intere st -··· ··· ·············· 'Total receipts . . .... ........ . ..........• - 'I.'.)til,l income................ $623,699 $1,216,230 $1,223,507 $109,984 85,924 Interest on bonds.............. $1,217,877 $1,219,027 630,149 From income for 1894 ($623,699), the Receiver paid taxes for 1893, $139,465 ; taxes for 1894, $15,661; interest on Col. Central bonds for 1893 and 1894, $335,160; improvements, etc., $21,888; total pay• 220,000 ments, $512,174. 12,046 8,597 -(V. 59, p. 117,372,740,783, 1105; V. 60, p. 240, 393, 563,654,749, 21,194 928; v. 61, p. 710, 831, 1066, 1156. 25,216 dr. 609 58,327 Union Pacific Lincoln & Colorado.-SEE SUPPLEl\IENT OF $6,389,168 $9,697,776 SEPTEl\lBER, 1894. Unloa Termlnal.-See KANSAS CITY SUBURBAN BELT. "Disbu,,•s;e,mentslnterest on bonds ..................... . .. . $8,382,299 $8,515,465 United Ne-w .J"ersey Railroad & Canal Co.-(See map Penn· Sinkin~ funds ........................... .. . . 743,682 937,532 , sulvania R. R.) Controls an important system of roads in Northern 44,826 N. J., having a four-tracked line from N. Y. to Philadelphia, also a ·Miscellaneous ... •... ... . . .. .... .......... . ··9)399 5,327 line Perth Amboy to Camden, opposite Philadelphia, and branches to Profit and loss ....•.•.... ... ............... Long Branch, Berkeley, etc., N. J., and to Manunka Chunk, Pa. Total Total disbursements.................. $9,135,680 $9,503,150 mileage 450 miles. The principal lines owned directly are Jersey City wfBalance .................................... def.2,746,512 sur. 194,626 to Trenton, 56 miles (four tracks), and from Camden to South Amboy United States requirements.... . .......... 1,261,716 1,218,423 61 miles, of which 26 double track ; 9 branches, 29 miles ; total (owned directly) 146 miles. Also owns the Delaware & Raritan Canal, 66 miles. Balance., deficit........................... $4,008,228 $1,023,797 Philadelphia & Trenton and the Belvidere Delaware-which see-are principal leased lines. -(V. 59. p. 71, 117, 154, 192, 601, 697, 739, 740, 783, 880, 927, 970, LEASE.-Leased in June, 1871, to the Pennsylvania Railroad for 999 1 008, 1057: V. 60, p. 178,220,260, 303,393, 437, 481, 523, 563, 564, years, at a rental of 10 per cent on the stock, besides interest on bonds. (607,668,712, 745, 749, 799, 886, 925, 969, 1010, 1033, 1059, 1061, BoNos.-The general mortgage of 1871 is for $20,000,000 (trustee, 1106: V. 61, p. 70, 1,53, 197, 283, 367, 377, 431, 473, 518, 612, 662, Fidelity Insurance Trust & Safe Dep. Co. of Phlladelphia), and secures .,63, 683,704,705,710,751,795, 831, 872, 968, 1014, 1066, 1118, equally all the bonds in the table, though issu(..1 at different dates. J.156; v. 62, p. 41, 42, 84, 94, 139.) Sinking funds Dec. 31, 1893, held securities for $2,576,540. In Jan., Union Pacific Denver & Gulf.-'l'his company's road 1894, $5,646,000 gold 4s were issued to take up the sterling and cur.extends from Cheyenne, Wy., to Orin Junction, 154 miles; Denver rency bonds falling due in March and October, 1894. Special bonds i&o Bessemer Junction, Col., 128 miles; Trinidad, Col., to Texas State arid mortgages outstanding Dec. 31, 1894, $618,142. lLtne, Tex., 135 miles; La Salle, Col., to Julesburg, 151 miles; branches EARNINGS.-In 1894 gross $17,733,9-1 3; net, $4,796,786, against C89 miles of which narrow gauge), 332 miles; total, 900 miles. Of this $3,986,608 in 1893; other income, $526,011. In 1893 gross, $18,805,itraek 105 miles are 35·56-pound iron rails, 67 miles of 69·75-pound 758; net, $3,986,607; other income, $597,976. Net loss to lossee tn isteel rails; balance, 40 to 60-pound steel. Tracka.ge, Denver & Rio 1885, $159,496; in 1886, $179,016; in 1887, $227,991; in 1888, <Grande, Pueblo to Walsenburg, 58 miles, and branches, 16 miles. Con- $160,501; in 1889, $138,712; In 1890, $396,885; in 1891, $276,455; ·trolled Fort Worth & Denver City RR., Texline, Texas, to Fort Worth, 455 in 1892, $299,198; in 1893, $194,529. Net profit in 1890, $396,885; miles, and }>an-Handle .Ka !road, 15 miles, making a grand total in in 1894, $67~,461. (V. 58, p. 179, 636, 816.) system of 1 ,478 miles. Utica Clu,nano-o & Susquehanna Valley.-Owns from Utica, ORGANIZATION.-This was a consolidation in April. 1890, of the N. Y., to Greene, N."'\?., 75 miles; branch to Richfield Springs, 22 miles; .Colorado Central, Denver Texas & Fort Worth and several Union Pacific total, 97 miles. Road opened October, 1872. Leased to Delaware lines. It was controlled and operated under traffic contract by the Lackawanna & Western at 6 per cent on stock. Has no bonded debt. Union Paci:tlc. See V. 49, p. 720. Utica Clinton & Blnghamton.-Owns from Utica, N. Y., to In Dec., 1894, the Court held the rental ($185,000) paid to Den- Randallville, N. Y., 31 miles. Leased during continuance of charter ver & Rio Grande to be exorbitant and in May, 1895, a new arr,.m"'e- and renewals thereof to Delaware & Hudson Canal Company, which ment was ma e for trackaire from Puehlo to Walsfnburg, 58 miles (for pays rental of $61,500 per annum. Operated by the New York Ontario $85,000 per annum) anct $300,000 receivers' certificates were autbor- & Western. The street lines owned by the company are leased to Utica ized to build a new line from Walsenburg to Trinidad, 40 miles. (See Belt Line Street Railroad Company for $15,000 per annum. Capital v. 59, p. 1105; v. 60, p. 240.) stock, $849,285 (par $100), of which city of Utica holds $200,000, with RECElVERSHIP.-Bondholders' committee, G. M. Dodge, Geo. M. Pull Interest guaranteed 5 per cent, the balance paying 1 ¾ per cent. man, Uriah Herrmann, Oliver Ames, H. Walters and Henry Lewis. Valley (N. Y.) Rallroad.-Owns from Binghamton, N. Y .• to V. 57., ,p. 809. Mr . Frank Trumbull was appointed separate receiver State Line of Penn., 12 miles. Opened October, 1871. Leased to I.a December, 1893; see V. 59, p. 783. Delaware Lackawanna & Western at 5 per cent per annum on stock, 1Dett1Jer Texas ti Gulf and Denver Texas d Ft. Worth Committee.- the lessee assuming the interest on bonds. Henry B. Ely, R. H. Thomas, W. B. Dickerman and M. L. Scndder; Valley (Ohlo).-S ee CLEVELAND TERMINAL & VALLEY RR. depositary, N. Y. Security & Trust Co., 46 Wall Street, N. Y.-(V. 61, Valley (Vlrglnla).-OwnsfromHarrisonbur/$ to Lexmgton,Va., 62 p. 710). miles. By this and connecting lines under Baltimore & Ohio control, DEFAULT.-The last coupon paid on each loan is shown in table above_ the distance from Lexin~on is 243 miles to Baltimore and 217 miles STOCK.--Oapltal authorized $36,000,000, of which $32,786,982 had to Washington. Stock 1s authorized to the amount of $3,200,000; been issued on Oct. 12, 1893, $13,251,882 of this being owned by the outstanding, $2,712,200 (par, $100). Of the bonds $413,000 are guar. Union Pa-0i1lc 'Company and $3,406,800 by the company itself. In ad• anteed by the B. & 0. In year ending June 30, 1895, grosR, $96,374; dition the stock of constituent companies outstanding on October 12, net, $7,931, other income $2,320. Chl;l,r~es, $47,659. Bal., detlcU 1893, amounted to $1,050,111. In the table above the stock is given $37,408. In 1893-4, gross, $111,839; net, $16,449. as reported by the company onOct.12, 1893. TheN. Y. Stock Exchange VeJasco TerID.lnal Ky.-Road from Chenango Junction to Velin Jan., 1896, gave the stock as $31,151,700. The company holds asco, Tex., 20 miles. Chartered in 1891. Stock (authorized $600,000) in its treasury $7,766,000 of the capital stock of $9,375,000 of the Fort issued $343,100; par, $100. First mortgage bond s outstanding, $400,Worth & Denver City Railway Co., which see. 000; International & Great Northern judg_ment. $76,418. For year ending June 30, 1895, gross. $;:$0,389; deficit under operat• BoNns.-Consols are indorsed with the U. P. guaranty ot in.-.erest. See V. 56, p. 696. Abstract of mortgag-e V. 51, p. 244. The ing $14,003. Charges, not paid, $21,013. Bal., deficit, $35,016. In tic,ta.l issue of Denver Texas & Ft. Worth bonds is $4,575,000, and of 1893-4 gross, $40,345; deficit under operating, $5,173; interest on .Denver Texas & Gulf bonds $3,000,000; the balance of the issues. bonds and Int. & Gt. Nor. iudgment, etc., $18,920, not p a id . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $16,988 30,426 412,734 110,160 149,200 .JANUARY~ 1896.J RAILROAD STOCKS AND BONDS. 131 Subecrlbers 'Will confer a great favor by giving lllllD.edlate notice of' any error dl11covered In the11e Tables. Bonds-Prinol RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or Due. Amount Rate per When Where Payable, and by pal,When of Par Outstanding For explanation of column headings, &o., see notes of Stocks-Last Road. Bonds Value. on first page of tables. Cent. Payable Whom. Dividend. --- - - - Vermont 59 Mass.-Stook, 6 p. o. guar. by Fitohbur~ Bonds, not mortgage (guar. by Fitchburg RR. l . o Vermont Vall~ o6i 1871-Stook........... ........... ·24 24 1st M., with 5 0,000 Sul. Co. RR. stock as col. .o": !Yuks. Shrevep. fl Pacific-Prior lien mort., gold .. o* 188 188 1st mortgage, gold, see text ..................... o* 3d mortgage and 1st mortgage on land, gold ... o* 188 Income bonds ...................................... .... Income bonds, non•oum ........................... \fa. Midland-lstser., lstM. Alex.toGordonsv.&br ·97 M., 2d series, 1st mort., Charlot. to Lynch., 60 m.) 157 3d series, 2d lien on 60. miles; 3d on 97 miles ... 157 4th series, 4 per cent till March 1, 1901. ........ 157 5th series, 1st on 115 miles ...................... 272 6th series ........................................ 75 Gen. mort., $12,500,000 ......................... o* 347 Charlotev.& Rapid. (l'sed) lstM., s. f.,dr'n at 100.o* 28 Franklin &Pittsylvania (leased) 1st mortgage ... 31 VirO'inia d Truckee-Stock .. ...................... .. . 52 'Wabash RR.-St. Charles Bridge 1st mort., gold .. o~ ···2d mortp;l\ge .................................... Wabash 1st mortgage, gold, ($34,000,000) .... o* 1,545 2d mortgage, gold............................... o 1,012 Deb. mort.,ino., non-cum., series A, red. at par. 1,545 Do. do. tno., non-cum., series B, red. at par .. 1,545 Det. & Chio. Exten. 1st M., gold, red. at 110.o* 150 LEASED LINE BONDS42 -St. Louis Council Bluft's & Omaha 1st mortgage .. 22 Boone Co. & Booneville 1st mortgage, int. guar .. Brunswick & Chillicothe 1st mortgage, int. gnar. 38 fl isss isso 1885 1881 1886 1881 1887 1881 1881 1881 1881 1881 1881 1886 1879 1879 $100 1.000 50 1,000 1,000 1,000 1,000 ....... 100··&0. 100 &o. 100 &o. 100 &o. 100 &o. 1,000 1,000 100 &o. ---··· is1s i:ooo 1878 500 &o. 1889 1889 1889 1889 1891 1,000 1,000 1,000 1,000 1,000 1,000 1878 1,000 1873 1878 100 &o. Vermont & If.lassachusetts.-Line of road, Fitchburg to Green, ~eld, Mass., 56 miles; branch, 3 miles. The road is leased to the Fitchburg RR. for 999 years at 6 per cent on stock. The lessee to September 30, 1892, had invested $1,544,526 in improvements for this road. Vermont Valley of' 18'71.-0wns from Bellows Falls to Brattle,boro, Vt. 24 miles; and by ownership of stock the Sullivan County RR. from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles. Controlled tn interest of Connecticut River RR. and operated by Boston & Maine ' · Vlck11burg Shreveport & Paclflc.-Delta, La., on Mississippi River, to Shreveport, 171 miles. Extension to Texas State Line, 18 miles, leased to Texas & Pao. Of main line 169 miles is 6Q-lb. steel. ORGANIZATION AND STOCK.-The stoo~ is $1,650,000 authorized, outstanding $1,601,,5QO (par $100), of which the Alabam~ New Orleans & Texas Pa:oiflo Junction Railroad Company holds a ·m ajority, together with $3,692.000of the 1st and $965,500 3d mortgage bonds. BONDS, ETc.-Thi1-d mortgage carried 4 per ct. till 1894, thereafter 5. Interest began January, 1888, but only the first oou~on has been paid. 'These bonds are received in payment for lands, at 25 per cent of par for year 1895-96] and prior to July 1, 1895, the onlls outstanding bad been reduced from $2,434,625 to $1,822,375 thereby, and $65,375 "'thirds'' had not been issued. Lands unsold June 30, 1895, were 201,.307 acres. Trustees or prior lien mortgage and of 3d mortgage, Cent. Trust Co.; of 1st mort., Farmers' Loan & Trust co. coupons due and unpaid JUne 30 1895 lstmort. $1 575 868. 3d mort. $443 389. ' ' ' ' ' ' ' ' LATE T EARNINGS:-From Jan. _1 to Dec. 21, 1895 (1134 months), gros s , $ 520 , 408 , agams_t $ 553 ,320 ID 1894· ANNUAL REPORT.-Fisoal year ends ;i:une 30. Report for 1894-95 was tn V. 61, p. 515, _and showed earnm~s, etc., _as follows. Taxes ar~ included in operatmg expenses; other moome moludes land sales Gross. Net. Otluw inc. Interest. Balance. 1894·5 ... . $580,114 $151,514 :1m,212 $410,524 def. $255,798 189~-4-... 550,217 128,536 37,212 405,968 def. 240,220 1.89:l-~.... 561,925 122,~59 4,096 404,058 def. 277,603 -(V. o9, p. '7'79; V. 61, p. 51 0.1 Vlr2"lnla Mldland.-LINE OF ROAD.-Main line, Alexandria to Oanville, 233 miles; Manassas Juni·tion to Strasburg, 62 miles; Franklin Junction to Rocky Mt., 37 miles; Colontoo, Va., to Warren. 1ion, 10 miles; Union st. BJ anoh, Alexandria, 1 mile; total operated, · 342 miles. Total 'owned and'lea'soo, 402 miles; of which 51 miles, Strasburg Junction to Harrisonburg, i11 lea:sed to the Baltimore & Ohio (in perpetuity at B. & O.'s option fOI' $89,250 yearly), and 9 miles to Chesa. .& 0., leaving 347 miles operated. LEASE.-Operated under lease by Southern Railway Co., which owns -$4,500,000 of the $6,006,144 capital stock, and has deposited it under its consol. mort'. of 1894. The old Richmond & Danville lease was assumed in its entirety by the Southern Ry. Under this lease 1mrplus ~arnings over interest charges revert to the Virginia Midland; the bonds are not guaranteed and auy advances by the lessee to meet de• tl.cienoy in interest constitute a preferred indebtedness. BoNDs.-As to the liens or the several series of bonds given in the table, see SUPPLEl\IENT of May, 1894. EARNINGS.-For the year ending June 30, 1895, g-ross, $2,181,423; net, $656,579; charges, $693,475; balance, deficit, $36,896. In 1894 gross, $1,956,369; net, $422,686; rental from B. & 0., $89,250; C. & 0., ,$38,635; detloit under charges, $153,519. In 1892-93 gross, $2,076,475; net, $681,659. Wabash Kallroad.-Operates ae follows, viz.: Owns East of .Miss. River. Miles. Leases East of Miss. River. Toledo, 0., to East Hannibal, Eel River RR. (which see), Camp Pt. and Elvaston, ill. 536 Butler to Logansport, Ind.. 94 Decatur, ru., to E. St. Louis.. 110 Other lines.................... 16 June. near Chicago to EffingLeases West of Miss. River. ham and Altamont, Ill. ..... 216 Brunswick to Pattoiisb'g,Mo. 80 Streator to Fairbury.......... 32 Centralia to Columbia, Mo... 21 Edwardsville Branch......... 8 Delrey,near Detroit, to Butler 110 Total leased................. 211 Montpelier, 0., on line to De· troit, to Clarke Junction, Total owned and leased .... 1,813 near Chioa~o.......... . . . . . • 150 Trackage, etc. Owns West of Miss. River. Chicago to Clarke Junction.. 26 St. Louis to near Kansas City. 275 8 short lines to Quincy, DeSt. L. Levee to Ferguson, Mo. 11 troit, &o................. . . . . 70 Moberly to Ottumwa, Mo.... 131 Operat'dforPurohasing Com. 70 Salisbury to Glasgow,Mo., etc 23 Total owned ........... .... 1,602 Gr. total oper'd June, 1895. 1,979 HISTORY, &c.-Suooessor in 1889 to the Wabash St. Louis & Pacific, which was sold in foreclosure. See SUPPLEMENT up to January, 1889. LEASE.-The Boone Co. & Booneville RR. ls leased till May, 1973. The Brunl!wiok & Chillioot)l(, \Yas leased to St. L. Kan. City & Northern for 999 years. Its bonds bear 6 per cent interest till August 1, 1900, then 8 per cent till maturity. Entrance to Chicago is secured over the Cht~ago & West Indiana, of whose stock this company owns $1,000,000. CAPITAL STOCK.-The capital stock is $52,000,000, of which $24,000,000 is preferred, having a preference of 7 per cent per annum non• cumulative, and $28,000,000 is common; par both, $100. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis --- $3,193,000 6per an. A. & 0. Bost., 53 Devonshire St. Oct. 7, 1895 1,000,000 M.&N. Boston, Fitchburg RR. May 1, 1908 5 1,000,000 6 per an. J. & J. Bellows Falls. Jan., 1896 800,000 A. & 0. Bosto~ S. Dep, & Tr.Co. Oct. 1, 1910 5 1,323,000 6 g. M.&N. N. Y., entra Trust Co. Nov. 1, 1915 4,000,000 6 g. J. & J. N. Y., Farm. L. & Tr. Co. Jan. 1, 1920 1,822,375 fl g. J. & J. July, '88, coup. last p'd. Jan. 1, 1916 127,000 1921 6 ······--·· 494,860 Jan. 1, 1920 4 600,000 M.& s. Moh. 1, 1906 Baitim<>re," Md. 6 1,900,000 do do M.& s. Moh. 1, 1911 6 1,100,000 do do M.& 8. Moh. 1, 1916 6 950,000 4-5 M.& 8. do do Moh. 1, 1921 1,775,000 M.& 8. do do Moh. 1, 1926 5 1.310,000 M.& 8. do Moh. 1, 1931 do 5 4,859,000 M.&N. N. Y., J.P. Morgan &Co. May 1, 1936 5 390,800 6 J. & J. Phila. Tr. & Bare D~poH. July 1, 1913 76,500 6 J. & J. N. Y.,J.P.Morgan&Co. July 1, 1913 5,000,000 (f) (!) 999,000 6 g. A."·&··o. N. Y., Office"iii5 B'way. Oct. 1, 1908 do do 388,500 A. & 0. Oct. 1, 1903 7 31,664,000 5 g. M.&N. N. Y. Central Trust Co. May 1, 1939 do 14,000,000 5 g. F. & A. do Feb. 1, 1939 3,500,000 J . & J. N. Y., Compa,ny's Office. July 1, 1939 6 26,500,000 July 1, 1989 J. & J. 6 3,500,000 5 g. J. & J. N. Y., Central Trust Co. July 1, 1941 ----- 544,000 100,000 304,500 6 7 6 J. & J. N. Y., Office, 195 B'way July 1, 1908 M.&N. do do May 1, 1903 F. & A. Bo&ton,Bank Redemp'n Aug. 1, 1903 I 270-273. BoNDs.-Abstraots of the mortgages of 1889 were in V. 49, pp. The jt1•st mo1'tgage covers all the lines owned both east and west of the Mississippi, excepting the Detroit & Chicago extension, 150 miles-see below-and enough bonds are retained to retire the prior liens _on roads west; but the seco~d mortgage O!)Ve~s o~y lines east of th_e river, as they existed at time of orgamzat1on m 1889, 1,012 miles. In _October, 1894, $1,000,000 firsts had been exchanged for prior lu~n bonds and $8,000,(?00 more were sol~ to provide for other pnor bonds fallin~ due m 1895. No prior hen bonds can be extended. The Wab'ash ~urohasing committee, under the reorganization of 1889, still holds 1ts interest in three roads, the sums reali,zed from the sale of which will go to retire Wabash tlrsts at 105 after settlement of debts of committee amounting to about $500,000. Of the debentur~ mortgage bonds $3,500,000 are series A (preferred in resr,eot to interest payments only) and $26,500,000 series B. Series "A' received 6 per cent interest in 1890; in 1891, 6; in 1892, 6; in 1893, 6 per ~ent; ~ 1894 and 1895 none. (V. 57, p. 1124.) The Detroit & Ohicago Extension bonds cover 150 miles, oompleped in May, :1893, from Montpelier, Ind., to Clarke JunotiOJ?-, 26 miles from_ Chicago. The company agrees to keep the earnmgs of this division separately, and having paid th~refrom the interest on these bonds, to apply the surplus earmngs in any year up to a_n amount equal to 2 per cent of the bonds outstanding, to a smkin&" fund for the issue, the bonds to be purchased or drawn by lot and paid at 110; but no mo~e than $70,000 bonds are to be redeemed in any one year. Mortgage 1s for $3,500,000. Trustee, Central Trust Company. see full abstract in v. 54 p. 1049. OBLIGATIONS ON LEASED LINES other than on the bonds in the table above are: Eel River Railroad co.-Annual rental charge, $75,000 per annum, April 1, 1892, to April 1, 1895; $90,000 per annum, April 1, 1895, and thereafter. Also $500 per annum for organization expenses. Louisiana & Pike County Railroad-Annual rental charge, $800. GENERAL FINANCES.-In July, 1895, there were bills payable $800,000, and $182,709 rolling st<?ok no~es payable monthly, chargeable to operating expenses. North MissoUrI 7s (total issue $6,000,000) and St. L. K. C. & No. 7s (total issue $3,000,000>, due respectively July 1 and dept. 1, 1895, were paid by sale of first mortgage bonds to a syndloate to an amount sufficient to retire the unoonverti-d balance of said bonds. The exchange will save the company over $180,000 per annum . Firsts listed on N. Y. Stock Exohan~e to Jan., 1896, were $31,664,000 EARNINGS.-5 months, l 1895 ....•. gross, $5,907,738; net, $1,83'l,483 July 1 to Nov. 30. 5 1894 ...... g-ross, 5,269,147; net, 1,429,425 ANNUAL REPORT.-Fisoal year ends June 30. Annual meeting at St . Louis second Tuesday in September. Report for 1894-95 at length in CHRONICLE, V. 61, p . 377,419, showing results as follows. See also editorial p. 349. Year ending June 301895. 1894. 1893. Average mileage............ 1,935 1,935 1,890 Passengers carried one mile. 139,472,829 210,281,487 177,119,065 Rate per passenger per mile 2·146 ots. 1·877 ots. 2·009 cts. Freight (tons) oar'd one mile.1,100,976,000 1,097,585,000 1,409,033,000 Rate per ton per mile....... 0·721 ots. 0·698 ots. 0·683 ots. Gross earnings ...•.•.•...... $11,959,839 $12,551,449 $14,220,444 Maintenance of way........ $1,464,216 $1,897,411 $1,934,704 Motive power ... _........ .... 2,497,560 2,528,508 2,932,828 Maintenance of cars......... 882,527 1,048,152 1,163,602 Transportation and general. 4,076,727 4,356,309 4,776,471 Total oper. expenses .... Net earnings ................. Per ct. oper. exp. to earn'gs. From rent of tracks, &o ..... $8,921,030 $3,038,809 74·59 239,587 $9,830,380 $2,721,069 78·32 439,460 $10,807,604 $3,412,839 76·00 519,086 Total net income ........ Taxes ....................... - $3,278,396 $507,793 474,968 2,838,542 $3,160,529 $497,098 475,764 2,859,431 $3,931,925 $457,368 512,273 2,714,704 210,000 g:,~t•o~1i~~d~ ~ Dlv'nds on pref. debentures !1!a :e~tais 0 Balance...................... def.$542,907 def.$671, 764 sur.$37,580 -(V. 59, p, 448, 4'71, 4 '74, 740, ¢9; V. 60, p. 1106, 1148; V. 61, p. 349,364, 377, 419.) . Wabash Chester & Western.-See October, 1895, SUPPLEMENT. Waco & North-westeru.-See October, 1895, SUPPLEMENT. Warren, N. s.-New Hampton Juno. to Dela. Bridge, N. J., 18·8 m. Leased in perpetuity to Dela. Lack. & West. at 7 p. o. on stock and bonds. Wa"lhino-ton & Columbia River Ky.-Owns road from Dayton, Wash., to Pendleton, Ore., 128 miles; _branches, 35 miles; total, 163 miles. Incorporated in 1892. Stock I ➔ $3,000,0_09; par, $100. · Mortgage trustee, Farm~rs' L. & T. Co., N. ~- Arl.d1t10nal tlrst 4s may be issued for extensions at $20,000 per mile. (V. 61, p. 70.) EA.RNINGS.-Year ending June 30, 189f>, ~t·oss, $289,778; net, $155,· 08a; charges, $226.718; balance, d~fl<'it, $71,635. fn 1893-94, grosR $265,376; net, $140,063. INVESTORS:, SUPPLEMENT. 132 [VOL •. LXU. Subscribers -will conCer a great Cavor by giving innnedlate notice of' any error discovered iil these Tables. RAILROADS. For explanation of column headings, &c., see notes on first page of tables. INTEREST OR DIVIDENDS. Bonds-Prinol Miles Date Size, or Amount pal, When Due. of of Par Outstanding Rate per When Where Payable, and oy Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend. - - - - - - - - - - - - - - - - - - - - - - - --- --- - - - · Wabash Ohester & Western-1st mortgage .......... 1888 ($ ...... 1,000 1st con~olidated mortgage, $1,000,000, gold ... c* ~65 1893 'Wallkill Valley-1st mortgage .................... • .. .... 1877. . ..... 2d mortgage income 7s ........... .... ............ : Ware River-SEE BOSTON & ALBANY. Wan·en ( N. J.J-Stock,7 p. c. perp., g!lar. D. L.& W 2d mortgage, now 1st .... .......................... 1st consolidated mortgage ........................ Wash. & Colurnb. River-1st M., $2,500,000, gold.c* Income bonds, non•cum, $2,500,000 ...... ...... Wa"h. Ohio & West.-lstM. guar.,Alex. to R. Hill.c* West Chester-1st mort.• int. guar. oy Penn. RR . .. West Jersey-Stock, $104,25C is 6 p. c. "special'' .. 1st consolidated mo:-!:gage ....................... c" Consolidated mortgage ($2,900 is scrip) .....•... r Salem RR. and Oceaa City RR. bonds .•........ r * Swedesboro Railroad bonds ....................... Woodstown & Swedesboro 1st mortgage ....... c" West Jersey & Atlantic-Stock ........................ 1st M. Newfield to Atlan. C., 33 m., dr'n at 100.c&r P leasantville & Ocean City 1st mortgage .. ... c&r West Shore-1st M., gui.& i., end. byN.Y.C.&H.c&r Syracuse Ontario & ew York 1st mortga~e ..•.. West Virginia Oentral & Pittsb.-Stock, $6,000,000. 1st mortgage, ($25,000 per mile) gold._.......... o* West Virginia & Pittsb.-lstM., s. f. notdr'n, gold.c~ West'n (...4.la.J-Con. M.,g.,~u.byC.Ga. andGa.RR.c* Western MariJland-Ist & dpref. M's (1st M. end'd) 3d mortgage, endorsed by City of Baltimore...... 4th mort., 111 return for City of Baltimore stock .. 5th mortgage, held by City of Baltimore, sink' g f'd Cityloan .......•.................................... ---- 18 18 18 ---- ·50 .... .63 128 11 11 ·33 7 448 45 i'23 160 133 90 90 90 90 ---· 1877 ------ $300,000, 390,000 250,000 330,000 50 100 1,800,000 750,000 600,000 2,450,000 text. ----·· See 1,000,000 1,000 75,000 2,727,100 50 i869 500 &c. 1,000,000 752,900 1879 500 &.c. 1,000 200,000 200,000 isi3s 50 0 &c. 90,000 1,000 1882 1,046,000 50 isso 1,000 37,00 0 80,000 1880 100 &c. 1885 1,000&c 5 0 ,000,000 1,100,000 1 ,000 1883 100 5,500.000 issi 1,000- 3,000,000 1,000 4,000,000 1890 1,543,000 1,000 1888 222,000 '58·'68 500 &c. 875,000 1870 500 &c. ...... 1,000,000 1872 1887 ·-···· 1,704,000 684,000 1855 1870 1875 1895 1895 1884 i:ooo ---- ------ ---- ------ W asbington Oblo & Western.- Owns Alexandria, Va., to Round Hill. Va., 50 miles. Road acquired in 1894 by the Southern Ry. Co. and bonds left undisturbed. Stock, $1,500,000; par, $100. For year endinp" June 30, 1894, _gross,$159,842; ~et, $34.983; interest, taxes, etc., $46,381. In 1892·93 gross, $17'2 ,659, net, $54,227. \ Vest .:r ersey . -owns Camden to Cape May, Bridgeton, Riddleton, Sea Isle, Ocean . City, &c., 185 miles; operates West .Jersey & Atlantic RR., 40 m.; branch, 4 m.; total, 229 miles-30 miles double track. STOCK.-Stock authorized, $5,350,000. DIVIDENDS .... l 1885 1886 1887 1888 1889 1894 1895, 10 per cent ... 5 6 6 6 6½ 7 7 Below. 1895, Mar., 3 p. c.; 8ept., 3½ p. c., scrip, rt>deemable Oct. 16. First mortgage bonds $1,000,uOO, due January 1, 1896, were paid from the sinking fund. EARNlNGS.-From .Jan. 1 to Oct. 31, 1895 (10 months)10 monthsGro!(S. Net. Oharges, etc. Bal .. sur. 1895.....•..•...... $1,448,126 $404,364 $252,218 sur.$152, 146 1894...•........... 1,365,302 388,514 214,073 sur. 174,441 ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1894 was m 'CHRONICLE, V. 60, p. 793. Earnings, including leased lines, have been. Year ending Dec. 31. 1894. 1893. 1892. 1891. · Grossearnings ...••• $1,552,751 $1,688,047 $1,746,322 $1,658,090 J.:>jetearnings........ 379,487 401,208 467,020 441,103 Totalnetincome.... 401,357 420,093 477,892 450,998 !nterest,rentals,&c. 241,310 237,140 226,715 233,552 u tvidends........... 189,851 (7) 153,017 (7) 153,132 (7) 150,640 Yea,·. 5 J. 5 g. .J. J. 7 J. ------ 7 per an. 7 '7 4 g. 4 4 5 See text. 7 6 4&5 7 6 See text. 6 6 4 6 See text. 6 g. 5 g. 4½g. 6 6 6 314 4 & & & & J. St. Louis, Nat. Bk. Com. J. Jan. •93 eoup. last paid. J. N.Y.,Of.,5VanderbiltAv J. ---------· A.15&0 N. Y., Del. L. & W. RR. A.15&0 do do M.& 8 . do do J. & J N.Y .•Farmers'L.&T.Co. ----- --·------.• F. & A. N. Y.,J.P.Morgan&Co. Phila., Penn. , RR. Co. M. & 8. Philad~road StJ;ation A. & 0. M.&N. do do Various do do J. &D. do do M.&N. do do M. & s. M.& S. Phila., Fidelityi. T. Co. J. & J. Phila., Penn. RR. Office. J . & J. N. Y., Gr'd Cent. Depot. J. & D. Yearly. Baltimore, Co.'s Office. J. & J. Balt., Hambleton & Co. A. & 0. N. Y., Farm. L. & Tr. Co. A. & 0. N.Y. GuarantyTrustCo. J. & J. J. & J. Balt., N. Mechanics' Bk. do do J. & J. J. & J. eo do J. & J. do do Gross. Net. July Jan. Aug. Aug. 1, 1, 1, 1, 1918 1928 1917 1917 Oct. 15, 1895, Oct. 15, 1900 Moh. 1, 190n July 1, 1935, July 1, 1935, Feb. 1, 1924• Sept., 1919 Sept. 16, 1895· April, 1899 Nov. 1, 190 9 1912 & 1925 Dec., 1898 May 1, 1912 Mch. 15, 1895Sept. 1, 1910 July 1, 1910 Jan. 1, 2361 1933 Moh. 1, 189!> July 1, 1911 Apr. 1, 1990Oct. ,1, 19181890 & 1895 Jan., 1900 Jan. 1, 1902' Jan. 1, 1927 July 1, 1925- P.&C.RR.Net. Prof.onOoat. Tot.Net_ 1894•95 ... $531,536 $186,235 $20,289 $83,0:➔ 9 $289,563: 1893 94 ... 504,597 174,049 13,126 84,387 271,562 From net in 1894·95, as above, deduct interest, $180,000; miscella• neous, $4,701; balance, surplus for year, $104,862. Pr sident, H. G. Dnvis, Baltimore. (V. 59, p. 360, 648; V. 60, p._ 132,220; v. 61, p. 377, 566.) W est V irginia & Pltts bnrg.-(See Map Baltimore & Ohio.JROAD.-Opened in 1892 from Clarksburg, West Va., on the B. & 0., via.. We@ton, southerly to Camden•on•Gauley, West Va., 104 miles, (of which 112 miles owned by B. & 0.), with branch, 6 miles; also from Weston via Buckhannon to Pickens, 50 miles; total, 160 miles. LEASE.-Leased. to the Baltimore & Ohio for 999 years, from .Jan. 1 1890. The rental is 62½ per cent ot the gros15 revenue. The remaining 37½ is to be applied by B. & 0. to payment of interest on bonds, the B. & 0. agreeing to advance any sums needed to pay this interest in full, such advances to be a charge against future net earnings. Se V. 51, p. 718. In 1905 and at end of every ten years thereafter r ental may be altered by arbitration. Freight consists principally of lumber, of which, including bark,. 11 4,007 tons were carried in 1893·4 out of 178,039 total tons carried STOCK-Com., $2,50 0,000; pref., 5 p. c., nOD·CUID., $90 0,000 ; par, $10 (, BoNDS.-The first mortgage for $4,000,000 (trustee, Mercantile Trust Company of Baltimore) covers besides t he road and its equipment 134,842 acres of timber. coal and mineral lands in West Virgima. I'hereis a sinking fund, but bonds cannot be called. (V. 54. p. 725.) Loans and bills payable .June 30, 1895, $351.884; eqrnpment IiOtes, $81,340ot 6s, payable quarterly to October 15, 1898. Balance .......... def.$29,806 sur.$29,936 sur.$98,045 sur.$66,806 EARNINGS.-10 months, 5 1895 ........ gross, $318,757; net, $184,164-(V. 58, p. 429,512; V. 60, p. '7 9 3; V. 61, p. 28, 431.) Jan. 1 to Oct. 31. t 1894 .. ...••. gross, 313,486; net, 174,782: ANNUAL REPOR'l'.-.l!'iscal year end~ June 30. Report for 1894·95 in, W est .Jersey & A tlan ttc .-Owns Newfield, N. J., to Atlantic Clty, N. J., 33 miles; Pleasantville & Ocean City RR., 7 miles; total, 40 miles. V. 62, p. 82, showing earnings as follows : Opened June 17, 1880, and operated by West Jersey RR. on a joint Gross. Net. 0th.inc. lnt.,tax,etc. Balance_ traffic agreement and 25 per cent of gross receipts on West Jersey from 1894·95 ...... .. $362,472 $202,247 .$. .. . . $242,229 def.$39,982 t raffic of this road to be applied to any deficit in interest and then as 1893·94 .... . . .. 387,949 2 10,339 118 222,405 def. 11,948-sinking fund for bonds purchasable at 105, or drawn at 100, if over 105. 1892·93 ........ 402,717 214,184 ...... 202,100 sur. 12,084, DIVIDENDS.-In September, 1890, 2 per cent was paid; in 1895. Mar., -(V1 57, p. 8 52; V. 59, p. A9 5; V. 62, p. 8 2 . ) 3 per cent.; Sept., none. Year 1894 icross, $179,760; net, $28,274; re• W est e rn K y . o C A labama.-ROAD-Selma to West Point, 133. ceived from C. & A., $11,692; interest, etc., $18,727; balance, surplus, miles. Owned jointly by the Georgia RR. and Central RR. of Ga. $21,239. In 1893 net earnings were $21,988. (V. 59, p. 191.) EARNINGS.-5months, 1895, gross, $258,980; net, $102,711. W est Shore.-( See Map New York Central & Hiidson River.)-Line .July 1 to Nov. 30. 51894, gross, 241,605; net, 89,480. o f road from Wet,l\awken, N. J., opposite New York City, to Buffalo, For year endin~ June 30, 1895, gross, $523,284; net, $177,224; . N. Y., with branches to Albany City and Rochester City, 450 miles; Syracuse Ontario & New York (formerly leased and afterwa.rds ab· other income, $8,670. Interest, taxes, etc., $92,70 0; dividends, $60,sorbed), Syracuse to Earlville, 45 miles; total, 495 miles. Successor 000; balance, surplus. $33,194. In 1893·94 gross, $512,022; net .. $177,193. Stock, $3t0 00,000 (par, $100), of which Central of Georflia in 1885 to the New York West Shore & Buffalo, sold in foreclosure. LEASE.-Leased in 1885 for 475 years to the New York Central & and Geor~a Railroaa each owns $1.500,0 00. On June 30, 1895, paid Hudson and all earnings, &c., included in that company's report. The dividend of 2 p. c.; in 1893·94 paid 2 p. c. W est e rn M a r y land.-LINE OF ROAD-Baltimore to Williamsport $10,000,000 of stock is owned by the New York Central Company. Md., 90 miles. Leases-Baltimore & Cumberland Valley Railroad and BONDS.-The West Shore mortga~e is made to the Union Trust Com· extension, Edgemont to Shippensburg, Pa., 34 miles; Baltimore & Har• pany as trustee, and covers the line of road, Weehawken to Buffalo, with branches, 448 miles in all, and also the terminals at Weehawken risburg Raiboad, Emory Grove, Md., to Ortanna, Pa., 59 miles, and branches, 7 miles; western extension, 18 miles; Potomac Valley RR. ►. by ownership of all the stock and bonds of the Terminal Company. The guarantee of the New York Central & Hudson is absolute as to Williamsport to Cherry Run on the B. & o., 14 miles, and Porters to• York, 16 miles; total, 238 miles main line; sidings, 51 miles. interest and principal and is endorsed on each bond. See abstract of STOCK.-Common stock is $684,750; par, $50; six per cent first pre mortgage in V. 42, p. 176. The Syracuse Ontario & N . Y. bonds "were ferred stock, $324,000. The company has been largely assisted by thenot ruosumed as part of the West Shore mortgage.'' city of Baltimore, which, Jan. 1, 1893, owned $200,000 of its commo West Shore Ky. (~aUCornla.)-Chartered in July, 1895, to build stock, $4,263,000 of its mortgages and $2,924,850 overdue coupons. a road from San Francisco to Santa Cruz, Cal., about 70 miles. Washln.gton County, Md., also in October, 1892, owned $110,000 com, vest Virgini~ ~~n~ral & P lttsburg.- A coal and railroad mon ana all the $324t000 preferred stock. Of the thirteen directors 00111p~y m West Virgnna :,.n the up~er Potom~cregion-the Elk Garden the city bas ar.ipointea ~ight and the county two. V. 55, p. 545. A commission in May, 1894, advised the city or Baltimore to defer-Coal Field. (?will! road m operati.on from _Junction near Piedmont, W: Va., to Beli~<>-ton, yv. ':a., 102 miles; Elkins Junction to Beverly, 6 for two years the sale of its interest in this road. See V. 56, p. 841. miles; branches to Mineville, Elk Garden, &c., 15 miles; total owned BoNDs.-Of the issue of $690,000 Baltimore & Harrisburg bonds 123 m. LeaE>es Pied. & Cumb. RR. 29 m.: total o.verated, 152 miles. ' $120,000 are held in trust to pay off the Baltimore & Hanover first 6s. From July 1, 1892, to Jan. 1, 1896, both inclusive, the company paid HISTORY.-Main line completed in 1889. Company owns 32,244 -~cres of ~oal and lumber lands covered by the first mortgage and has regularly a portion of the annual interest due the City of Baltimore. Floating debt Oct. 1, 1895 : First mortgage, overdue, $43,500 ; billsmineral rights on 5,407 acres more. In 1892 the Baltimore & Cumber• land ~R. was O.E,~aniz~d to build from Cm:~1berland to Hagerstown, Md., payable, $349,887; funding certificates held b y Baltimore, $226,530. 70 miles, the w. V. C. & P. to endorse its $3,600,000 bonds ; in Feb. LEASED LINES.-As to leased lines see SUPPLEMENT November, 1893. ruary, 1895-, no Balto. & C. bonds bad b een placed. See v. 60, p. 220. Potomac Valley RR. bonds are guaranteed by the Western Maryland STOCK.-Stock authorized. $6,000,000, all listed on Baltimore Stock and the Baltimore & Harrisburg. See Potomac Valley and V. 52, p. 121 Exchange, but June 30, 1895, $500,noo was h eld in treasury of the EARNINGS.-2 months. 51895 .••.... . gross, $232,662; net, $89,099 company. Bills payable June 30, 1895, $192,24 0. Oct. 1 to Nov. 30. t 1894 . ....... gross, 217,194; net, 80,393ANNUAL REPORT.-Fiscal year ends September 30. Report for 18~4·5 DIVIDENDS.-From1889to 1894, both inclusive, 1 p.c. yearly in March· in 1895, March, 1 ½I per cent. ' was in V. 62, p. 82. The earnings, including B a lto. & Harrisburg,. BONDS.-First mortgage is for $3,600,000 to W. P. Whyte and the Balto. & Cumberland and Potomac Valley, were as follows: Year end. Gross Net • Inte1·est, Di-v. on Bal., Metropolitan Trust Co., as trustees. See V. 52, p. 204. Sept. 30. eai·nings. earnings. 1·ents., &c. pref. EARNINGS.-6 months, 5 1895 ... .... gross, $616,880; net, $219,317 1895 ............ $1,277,863 $439,035 $296,458 $1,356 July 1 to Dec. 31. c1894 ....•.. gross, 554,460; net, 183,496 1894 ............ 1,203,174 390,735 351,128 38,162, 1,<t45 ANNUAL REPOR'.r.-Fiscal year changed to end June 30. The annual 1893... . ........ 1,322,320 461,890 381,436 2,281 78,173: 1 eport for 1894·95 waR In v. 61, p. 556, and showed total coal and coke i-hipments for year 18µ4.9,-> of 1,002,434 tons, against 825 757 in * Interest assumed hy Baltimore City is not included. 1893 94 and 929,.J.27 tous iu 1892-93. Earnings have been: ' - V. 57, p. 112 1· V. 60, p. :ll S· V. 62, p. 8 ~ . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis c $141J21- .JANUARY, 1896,l .RAILROAD STOCKS AND BONDS. 133 Subscribers 'Will confer a great favor by giving i:nunedlate notice of any error d18covered In these Table11. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prtnot J'lfiles Date Size, or Amount pal, When Due•. For explanation of column headings, <£C., see notes of of Par Outstanding Rate per When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. - - - - - - - - - - - - - - - --------1 ·- - - - - ----,-----·,---- ----1----------·1-----Western Maryland-( Ooncluded)- Balt. & Harrisb. RR.; prior morts. see remarks .... Mo~~e (for $690,000), gold .......... ....... c* ·32 15 Lst . est. Ext. ($16,000 p. m.), gold, guar... c* 34 Balt. & Cumb. Val., 1st mort%ages (see rematks) WesternN. Y. ti; Pennsylvania- tock 1see text) ..... 633 50 Warren & Franklin 1st mort[age ............. .... West. N. Y. & Penn. 1st M., ($ 0,000,000), gold.c* 633 General mortgage, $10,000,000, gold, see text.c* 633 ... Income bonds, $10,000,000, golct., non-cum .... c* 'Western .Penn.-Stock ................•............... i16 Consol. M. ($5,000,000),gold,guar. p.&i.Pa.RR.c" Wheeling & Lake Erie-Common stock .............. Preferred stock, 6 per cent, not cumulative....... 1st M., Lake E. Div., Bowerston to Lake E.,gold.c* 50 1st M. Wheelin~ Div.,$ & £ (2d on 187 m.) g ..• c* 5 Toledo Belt Ra way 1st mort5age, gold, guar .... Exten. and Impr. mort. ($1,90 ,000), gold.,$ &£.c" 260 Consol. mortgage for $8,000,000, gold .. $&£ .... c 260 51 Wichita Vallev-lst M. subj. to call at 105,g... c'&r Willcesoarre & Eastern-See NEW YORK SUSQUEHA NNA & 5 Witkesbarre & .scranton- Stock, 5 per cent rental.. First mortgage gold, guar. p.&i. by L. C. & N. Co. 5 45 Williamsp ort~ No. B1·anch-lst M., $2,000,000 .. c Willmar & Sioux .Falls.-See GREAT NORTHERN. Wilm. Ootum. d! A. ug.-Stock, 6 p. e., guar. Wil. & Wel. lRt mortgage .... . ................................. c i92 Wilm.Newbenie&N.-W.O. &E.CarlstM.(seetext) ........ W.Newberne&N. mort. bonds $432,000(seetext) Wilmington di North.-lstM.,sub.to call in 1907... r 88 General mo~afce for $1,000,000, gold . .. .. ..... r Wilminqton & e don-Stock .......... ...... ........ Certifl..of lndebt.for div'd in '87,non-cum., income. 1879 1886 $i:ooo 1888 1,00.0 '79·'81 is65 1887 1895 1895 -·-1888 ---- ---· iss6 isi 1888 ·ss 1888 1889 1892 1890 WEST isss 1892 isso 1892 1892 1887 1892 -----·· ...... ---- $120,000 6 Various Baltimore, Co.'s Offloe. Jan. 1, 1899 570,000 Nov. 1, 1936 5 g. M.& N. do do May 1, 1938 :M0,000 5 g. M.& N. do do July,1929&'31 351,300 6 J. & J. do do ···50 20,000,000 ···1·· F:·&-·A. Phila., Office, 104 S. 5th Feb:·i·;·i896 500 &c. 211,000 1,000 9,789/l00 5 g. J. & J. N. Y., Continental Tr. Jan. 1, 1937 1,000 10,000,000 Apr. 1, 1943 2-4 g. A. & 0. do do 1,000 10,000,000 Nov.1. Office-When earned. Apr. 1 , 1943 5 50 1,775,000 See text. A. & 0. Philadelphia, Pa. Oct. 15, 1895 1,000 4,435,000 4 g. J. & D. Philadelphia, Penn. RR. June 1, 1928 100 10,000,000 ...... ··--· ---······· 100 4,500,000 See text. Q.-F. N. Y., Office, 40 Wall St. May15;·i894 1,000 3,000,000 5 g. A. & 0. N. Y.,MercantileTr. Co. Oct. 1, 1926 1,000 1,500,000 5 g. J. & J. N.Y., Cent.Tr.Co.&Lon. July 1, 1928 1,000 29~1,,000 5 g. M.& 8. N. Y., Central Trust Co. P art each year 1,000 Feb. 1, 1930 1,608,000 5 g. F. &A. do do 1,000 July 1, 1992 1,600,000 4 g. J. & J. do do 1,000 769,000 5 g. J. & J. N.Y. Mercantile Trust. July 1, 1940 ERN. 50 500,000 5 per an. Phila., 226 So. 3rd St. May·1;·i938 500,000 do do ~12g. M:·&·N. i:ooo 1,125,000 M. & S. Phila., Fld. I., Tr.& S.D. Sept. 1, 1922 100 1,000 .......... ......... 500 1,000 100 100 960,000 6 per an. 1,600,000 6 718,000 5 407,000 5 354,000 5 396,000 5 g. 3,000,000 See text. 2,500,000 7 Wilmington, N. C. J. & J. J. &D. New York & Baltimore. F. & A. . ............... F. & A. J. & D. Reg.; Co. mails checks. Q.-F. do do Wilm., N.O.. flo.'s Office. Wilm., N.C.,Co.'s Office. A. & 0. Jan. , 1896 June 10, 1910 Aug., 1897 Ame., 1897 1907-1927 Aug. 1, 1932 Nov.12, 1895 Irredeemable. "'estern Ne,v York & Penn. Kailway.-Owns Buffalo to Em· 1893, for extensions, equipment, etc. In 1894 and 1895 $500,000 addiporlum, Pa., 121 miles; Bu.ffalo to Oil City, Pa., 136 miles; Oil City to tional cons1t1ls were issued for improvements and equipment. . Olean. 116 miles: Rochester to Hinsdale, 99 miles; Stoneboro to West LATEST EARNINGS.-5 mos., t 1895 .... Gross, $659,972; net, $230,703 New •Castle, 36 miles; branches, including proprietary lines, 125 miles; July l to Nov. 30. 5 1894 .... Gross, 607,~94; net, 142,655 total owned, 633 miles, of which 70 are narrow gauge; trackage, 36 m. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1894-95 was ORGANIZATION.-Reorganization March 18, 1895 (per plan in SUPPLE- in V. 61, p. 1009. During the year the company carried 1,105,930 tons MENT of January, 1895), of the Western New York & Pennsylvania of bituminous coal, against 961,383 tons in 1893-94; and 202,8 l0 tons Railroad, sold in foreclosure Feb. 5, 181:15. The old stock paid an as- of ores, against 105,607 tons. sessment of $3·50 per share. 1892. Year ending June 30- 1895. 1894. 1893. STOCK.-The voting power on $5,000,000 new capital stock issued Gross earningi. ........ $1,353,825 $1,288,584 $1,538,645 $1,371,165 C;o the old 2d mortgage bondholders is to he held in trust for five years Net earnings.......... 454,042 318,888 394,603 490,538 by George E. Bartol, Nicholas Thouron and Samuel G. de Coursey. 58,963 Other income......... 93,430 79,063 57,346 301,133 BONDS.-W. N. Y. & P. firsts are reserved to retire Warren & Franklin Interest paid........... 378,575 370,857 320,694 225,000 bonds at maturity-see V. 61, p. 737. Abstract of W. N. Y. & Pa. 1st Divid's on pref. stock. ...... .. 135,000 180,000 19,782 mortgage in V. 47, p. 109. The gene1·at mortgage (limited to $10,000,- Miscellaneous......... . ....... .... ..•. 14,941 -000) bears interest from April 1, 1893, till April 1, 1897, at 2 per cent, then till 1901 at 3 per cent and thereafter at 4 per cent. Trustee, Balance .......... sur.$33,743 def.$32,191 sur.$32,249 def.$32,910 Union Trust Co., N. Y. The new incomes are non•cumulative 50-yt>ar 5 -(V. 60, p. 303,481; V. 61, p. 153, 569,926, 1009.) per cent gold bonds, issue limited to $10,000,000; trustee, Fidelity InWllkesbarre & Eastern.-~EE N. Y. SUSQUEHANNA & WESTERN• ,aurance Tr. & S. D. Co. of Phila. Wilkes barre & Scranton.-( See Map Oent1·al RR. of N. J.JFLOATING DEBT.-New equipment notes Sept. 30, 1895, $242.519: Owns from Scranton to Minooka Junction, Pa., 0 miles, of which l¼l bond and mortga~e on real estate, $270,764; Kinzua Valley freight miles is double track. Leased from May 1, 188~, to Lehigh Coal. & Nav. warrants, $57,000; · interest on funded debt, due and accrued, 1j!256,081; co. (see " Miscellaneous Companies") during its corporate existence oans and bills payable $247,920. less one year, at $47,500 per annum and taxes. Lease assi~ned to EARNINGS.-5 months, t 1895 . .... .. Gross, $1,5?8,979; n(lt, $~56,~00 Central of N. J. at 6 per cent on cost of road (,Sl,065,000) anu taxes. July 1 to Nov. 30. 51894 ....... Gross, 1,506,502; net, 083,220 In June, 1894, Lehigh Coal & Nav. Co. held all the stock. urplus over chargefl for 3 months ending Sept. 30, 1895, was $128,Wlllia1ns1•ort & North Branch RR,-O wns road from Hall's 414, against $68,545 in 1894. to Satterfeld, Pa., and branch 45 miles. A reorganization in 1882 of ANNUAL REPORT.-FiRcal year ends June 30. First report of new the Munc.v Creek RR.. Common stock (auth . $:2,0U0,00U) issued, -company for year 1894-95 was 11iven at length in V. 61, p. 70!, $925,362; preferred, $300,000. 746, 751-see also editorial, p. 7"l6. The interest on the new EARNINGS.-Yi>ar ending- June 30, 1895, gross, $104,791; net, $29,general mortgage bonds to June 30 is not included in the charges, 155; charges, $75,681; balance, deficit, $46,526. In 1893-94, gross, as it was provided for out of assessments on stock at tbe time or $85,696; net, $8,252. Pres., Henry C. M0Cormick, Williamsport, Pa. reorganization. Interest chargeR on the new general mortgage bonds Wilmington Columbia & A.ugusta.-Owns from Wilmington for the current fiscal year 1895-96 will amount to $200,000-2 p. c. N. c., to Columbia, s. o., 192 miles. Leases jointly with Northeastern Years ending June 30. 1895. 1894. 1893. (South Carolina) Railroad, the Central Railroad of South Carolina, Lane, Gross earnings ..................... $3,282,008 $8,011,900 $3,716,639 S. C .. to Sumter, S. C., 40 miles. Total operated, 232 miles. Netearnings... ......... .. .•..••..... $989,173 $797,544 $1,199,513 Sold in foreclosure Oct., 1879, and reorganized. In June, 1885, leased Other income .... _....•..... _.... _.. 29,600 711 1,006 for 99 years to the Wilm. & Weldon, the lessee to pay all fixed charges - - - -· - - - - - - - and 6 per cent dividend on the stock. On June 30, 1895, loans and bills Net income .......... . .......... $1,018,774 $798,258 $1,200,519 payable were $136,360, incurred for property purchased. In year endInterest charges on 1st mortgages. $508,709 $502,459 $503,138 ing June 30, 1895, gross earnings were $550,9:i9; net, $144,757; other Taxes................................ 89,658 99,735 102,848 income, $28,422; charges, $102,762; dividends, $57,600; balance Int. on real est. and equip. notes.. 87,547 54,012 46,863 surplus, $12,817. In 1893·94, gross, $607,526; net, $132,389. Rentals...... .. . ... .................. 26,400 26,400 Wilmington Ne-w berue & NorColk Rallway.-Road from --- - - Wilmington to Newberne, N. C., !:!8 miles. Chartered in 1885 as WllBalance, sur. over 1st mort. int.... $332,860 $115,652 $521,270 mington Onslow & East Carolina, and name changed in 1893. Stock -(V. 59, p. 699, 740, 783; V. 60, p. 44, 84, 132, 178,220,260,525, authorized, $3,000,000; paid in, $1,200,000; par $50. BONDS-Wilm. ~07, 712,839, 1151; V. 61, p. 270,283, '701,726,737, '74U, 75J, 872.) on. & E. car. firsts for $718,000 (entire issue) and w. N. & N. mort• Western North Carollna,-See SOUTHERN RY. gage bonds for $407,000 (out of $432,000) are deposited to secure Western Pennsylvanla,-Owns from Bolivar to Butler, · 71 "debenture bonds" of East Carolina Land & Ry. Co.-which see. miles, and Butler Junction to Allegheny City, 27 miles, double track; EARNINGS-Year ending June 30, 1895, gross, $80.089; net, $13,077; branch, 17 miles. Leased to Pennsylvania RR. for 40 years from charges, $60,938: balance, deficit, $47,861. In 1893-94, gross, $72,June 1, 1888, rental being the net earnings. In Jan., 189fi, the first 771; net, $15,700. mortgage 6s for $435,000 matured and were replaced by consol. 4s. Wilmington & Northern.-Owns from Wilmington, Del., to In 18~4, net, S:411,793; other income, $23,330; intere,t and rentals, Highs Junction, Pa., 71 miles; branches, 17 miles; total owned, 88 $218,722; dividends 18 p. c.), $142,000; balance, surpl 11e1 for year, miles; trackage to Reading, Pa., etc., 4 miles. Organized January 18 $74,401. In 1893 rental $:i71,095. In 1892 rental $607,312. Penn. RR. 1877, after foreclosure sale. General mortgage bonds are reserved owns $1,753,500 of the $1,775,000 stock. DividP-nds, A. & O., 3 to 4 per to retire tirst mortga~e indebtedness at maturity. STOCK authorized, -0ent each; total paid in 1894, 8 p. c.; in 1895, April, 4 p. c.; October, 4 p. c. $1,500,000; outstanaing, $1,278,050; par, $tit). Gross earnings for Wh~ellng & Lake Erle.-Owns Toledo, o., to Bowerston, o., year ending June 30, 1895, $462,396; net, $69,373; charges, $47,569; 174 miles, and branch to Huron, o., 12 miles; Wheeling Division, baL.nce, sm·plus, $21,804. In 1893-94 gross, $4,U>,281; net, $72,116. ,Bowerston to Martin's Ferry, opposite Wheeling, 42 miles; Steubenville Wilmington & Weldon.-ROAD-Owns Wilmington to Weldon, <branch, 14 m.; Toledo Belt, 5 m.; total, 247 miles. There are also coal N. C., 162 miles, and from South Carolina State line to Contentnea, branches, 13 m. In 1895 acquired right to use Cleveland Terminal & N. C., 116 miles; branches, Scotland Neck (Halifax to King'!ton), 85 Valley Ry. tracks and Cleveland terminals for 99 years. (V. 61, p. miles; Tarboro, Nashville, Clinton, etc., 147; total owned, 510 miles. ;J.009. Owns large interest in Wheel. L. E. & Pitts. Coal Co.-which see. Leases Wilm. Col. & Aug., 11}2 miles; Central South Carolina (jointly HrsTORY AND STOCK.-Sold in foreclosure April 23, 1886. Preferred with Northeastern South Carolina RR.), 40 miles. Reaches Augusta, stock is entitled to 6 per cent non-cumulative, then common to 6 per Ga. from Denmark, !:-. C., 57 miles, on South Carolina & Georgia RR. -cent, then both share pro rata. In 1891 the preferred stock was in- Southern Ry. uses Wilm. & Weldon tracks from Selma to Tarboro, <1reased from $3,600,000 to $4,500,000. Common stock increased about 56 miles-see V. 62, p. 83. h$a6 ,ogie~OpOr~ ~lOa°t°O,OOtOhi~.189$3 . O00 000 dd"t" l t ORGANIZATION.-~rganized in 1836. Controlled by Atlantic Coast s . p1 se . o au ,onze 5 , , . a 1 10na co1!1, s ock Line company (which see.) and to bt_nld_from Massillon to Canton. Extension of 80 mlles rnto the DIVIDENDS, ETc.-From 1884 to July, 1891, both inclusive, at rate of 8 <1oke region 18 proposed. V. 59, p. 880, 9'.Z7, per cent per annum; in November, 1891, 4 per cent; in July, 1892, 4 DIVIDENDS.-On pref. stock-From April, 1888, to February, 1891, at per cent; in 1893, 3 per cent; 1894, May, 3 p. c.; in 1895, :May, 3 p. c.; rate of 4 p. c. per annum; in 1891, 4¾,; in 1892, 4¾,; in 1893, 4 p. c.; in · sov., 3 p. c. 1894, Feb., 1 per cent; May, 1 per cent; none since. See V. 59, p. 154 ANNUAL REPORT.-Report for 1894·95 was in V. 62, p. 83. BoNDs.-Trustee of tirst mortgage Lake Erie Division is Mercantile surplus $110,109 in 189a-94. \V. 60, p. 42, robe; v. 62, p. 83.) 'Trust Co., N. Y.; of tirst mortgage Wheeling Division is Ceutral Trust Co., N. Y. The extension and imp1·ovement mortgage (trustee Central Yeat• end'g Jime 30. 1895. 1894. 1893. 1892. Trust Co., N. Y .,) for $1,900,000 (Of which sufficient is reserved to retire Gross earnings ........ $1,625,076 $1,637,752 $1,569,296 $1,452,012 the Toledo Belt bo~ds) cove!s, subject to prior ljens, all the property of Expenses and taxes.. 1,013,813 990,899 993,936 824,169 the company, and 1s a first llen upon the extension to Bellaire and upon Net earnings...... $611,263 $646,853 $575,360 $627,843 the Steubenville branch. Oonsolidated mortgage (trustee Central Trust Co., N. Y.,l for $8,000 In 1894 95, total net income, $643,550: interest charges, $453,074; -000 authorized July, 1892, 01 which $6,400,000 to retire prior bonds at dividends, $90,000; halance, surplus, $100,476 in 1894-95, against or before maturity; $600,000 wer·e 1ssue11 at once, and $500,000 in May surplus $110,109 in 1 ~3-4.-(V. 60, p. 42, rob; V. 62, p. 83.) tr1f https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTORS' SUPPLEMENT. 134' [VOL, lXII. Subscribers -will confer a great favor by giving Immediate notice of any error discovered In these Tables. RA.ILRO.A.DS. For explanation of column headings, &c., see notes on first page of tables. Witmington & Weldon.- (Concluded.)- Bin.king fund, gold, interest bonds ......... ..... ... Gen'l mort. for $4,000,000 ($12,000 per mile) .. c* 1st M. Tarboro branch and extension ............. New eqmpmentnotes .....•....................... Special trust certifl.cates ........................... Winona~ Western· Stock, $2,000,000 ...... .. .. . ... Wisconsin Oent. Oo.-Receivers' certifs.-See text .. Chippewa Falls & Western 1st mortgage ......... Wisconsin & Minnesota 1st mortgage ............. Minn. St. Croix & Wisconsin, 1st mortgage ....... Terminal mortgage notes ....... .. ............... Im~rovement mortgage notes ................•.. Peno ee 1st mor~age ............. _. ................ Wis. Cent. R.R.- onsol. M.,lstseries,gold ... . o&r Consol. M., 2d series, income(not cum.)~old.c*&r Wisconsin Central Co. 1st M.,$12,000,00 , gold.c* Income M., non-cum., $9,000,000, aold ..•.... c* Wis. Cent. Co.& RR. Imp. bonds, gol , convert.c* Chicago Wis. & Minn. (leased)-lst mort., gold . o* Income bonds, 6 per cent, cumulative .......... Milw. & Lake Winnebafo-See that company. Woonsocket & Pascoag-S ock, 5 p. c. rental. . ....... 1st mort., interest~ar. by City of Woonsocket.c Worcester Nashua & ochester- Stock ($3,600a_°00J .. Woi-.&Nas. ~Wor.Nashua& Roch. RR. bon s ... c* 1st M. of do do do ..... '79 secures do do do ... o* allejua11y. l <10 do do ..... York outhe1·n-York & Peach Bottom ".A." & "B". York Southern 2d mortgage, gold ........... . .... . ZanP,S. ~ Ohio River-Receiver's certs., June 30, '95 1st mortgage. $25,000 per mile, gold ........ ... c" Bonds-PrinoiINTEREST OR DIVIDENDS. Miles Date Size, or .A.mount pal, When Due•. of of Par Outstanding Rate Per When Where Payable, and by Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividends. - - - --457 457 70 iss5 1894 $1,000 1,000 .. . . . .... . ...... .... .... ---10 54 .... .... ... 416 416 .A.11. All. ii2 .... 10 10 94 47 47 47 47 ..... $936,000 3,000,000 500,000 300,000 380,000 ....... ...... m -----iso4 1,000 -----1874 1880 1884 1885 1886 1887 1879 1879 1887 1887 1891 1885 1885· is9o iss6 1893 .... ..... 1890 1895 1882 1894 ·so iss·6 2,000,000 150,000 ...... 810,000 ....... 180,000 400,000 -----215,000 ~0,000 500° &0. 1,522,000 500 &c. 12,000 1,000 11,265,000 1,000 7,427,166 1,000 3,642,122 1,000 2,860,000 ...... 1,040,000 -----0 100 1,000 100 1,000 1,000 1.000 1,000 7 g. J. & J. N.Y.,Balt.andWilming. May 1, 1897" 5 J. & J. do do 1935 4 J.-J. Wilmiagton, N. C. 1944 ·----M:·&N. 6 Wilmington, N. C. .A.t option . ....... 6 7 7 6 8 8 5 5 7 5 5 5 6 5 g. g. g. g. g. 200,000 5 per an. 100,000 5 3,099,800 Text. 150,000 4 511,000 4 735,000 4 384,000 4 249,980 5 150,000 5 13,000 ·----2.000.000 6 I!, ......... ... .... 100..&c. co:;s M:·&··N . M.& N. .A.. & 0. M.& N. F. & .A.. M.& s. ..&.. J. J. & J. & .A.. & M.& M.& M.& J. J. J. o. N. 8. s. N. Y., ·u":s:T.rust Co. Boston, 50 State St. do do do do See text. Boston, 50 State St. Nov:iif,.i896May 1, 1904 ~r. 1, 1910 ay 1, 1915 Feb. 1, 1895,, Sept. 1, 1906 1937 Boston, Merch. Nat. Bk. Jan. 1, 1909' Ja,n. 1, 1909·········· Jan., 1894, last paid. July 1, 1937 No coupons paid. July 1, 1937 Merch's Nl. Bk., Boston. May 1, 193r Bost'n, Mer ch. Nat. Bk. Mch. 1, 1916' See text. Moh. 1, 191&: Providence, R. I. do do J. & J. Worcester, Office. J. & J. Boston, Globe Nat. Bk. J. & J. do do J. & J. do d<l .A.. & 0. do do Text. See text. M.& S. Sec. T.&T. Co., York,Pa. .A.:·&··o. 5 p c. Oct. Jan. July Jan. Jan. Oct. .Apr. Sept. Oct.,'93. 1, 1910 2, 1896: 1, 1906 1, 1913 1, 1930 1. 193~ 1, 1932 1, 1940 00 F. &...A.. Last paid°Feb:i, 1889. Feb:·1:·i91s. Winona & Western.-Owns from Winona, Minn., to beyond entire earnings of both companies go into the Wisconsin Company'sOsage, 117 miles. Has traffic agreement with Green Bay Winona & treasury, from them being paid the total charges of both companies. Bt. Paul, the Winona RR. Bridge, completed in August, 1R91, connecting Ohicago Wisconsin & Minnesota Incomes.-In November, 1895, the, the roads. See V. 52, p. 974. Or~anized in October, 1894. after pur- Ch. Wis. & Minn. income coupons which matured on or before Sept. ehase of the Wmona & Southwestern, sold in foreclosure Sept. 15, 18~4. 1, 1895, paid with interest thereon at 5 p. o. See V. 58, p. 384,. V. 59, p. 836. Stock authorized, $2,000,000; par, $1UO. On April 30, 1110; v.were 61, p. 924. 1895, the Winona & Southwestern Improvement Co. obtained a judg• .A.bout 40 per cent of the Wisconsin Central's traffic in 1891-92' ment for $194,423 against the Winona cf: Southweste1·n on a promif'- 'lf· ·1g from iron ore, the depression of the iron trade in 1893 caused sory note dated Sept. ti, 1893. V. 60, p. 839. EAR'IING".-Year ending u, 'heavy loss in earnings; in July 1895, the outlook for the iron June 30, 1895, gross, $143,729; net, $3,640; charg-es, $52,550; haianoe, ~rale was greatly improved.but Minn. St. Croix & Wis. terminal mortgag , deficit, $48,910. In 1893-94, gross, $144,858; net, $17,966. \ V. 58, notes of 1885 tor $400,000, due Feb. 1, 1895, were not paid. p. 514; V. 59, p. 372, ti97, 836,839; V. 61, p. 518.) ANNUAL REPORT.-Fiscal year ends June 30. Report for the 12· Wlsconl!lln Central Company .-Owns .Junction near St. months ending June 30, 1895, was given in V. 61, p. 964, and comPaul to .A.bbottsford, Wis., 157 miles; branch to Bessemer, 34 miles; pares with the period from Sept. 27; 1 893, when the receiver took other branches to Eau Claire, &c., 12 miles; spurs and brancbes, 119 possession, to June 30, 1894, about nine months, as follo ws : miles. Leases Chicago Wisconsin & Minnesota, Chicago to SohleisingerYear ended Sept. 26, 1893, to ville, etc., and spurs, 154 miles; trackage to Chicago, Minneapolis, etc., June 30, 1895. June 30, 1894. Total. 25 miles; Milwaukee to Rugby, 27 miles. Oont?·ols _Wisconsm Cen~al ... . ....... . ....... $2,905,953 $2,145,317 $5,051 ,270, Railroad, owning from Menasha to Ashland, 253 miles; Stevens Pomt Freight Passenger........... . .... 959,420 766,478 1,725,898, to Portage City, 71 miles; other lines. branches and spurs, 158 miles, Miscellaneous.. .. .. .. .. . . 225,170 138,151 363,321· and leases Milwaukee & Lake Winnebago (which see~, Neenah to --Sohleistn11:erville, 64 miles; spurs and branches, 14 miles; Packwaukee Gross ..... ,. ....... . .. . $4,090,543 $3,049,946 $7,140,489' to Montello, 8 miles; grand iotal, 1,096 miles. Of thi~ mileage the Expenses............... .. 2,787,428 2,042,242 4,829,670> Wis11onsin Central Railroad is 491 miles, and "spurs" aggregate 182 miles. Net ...... ........... ... $1,303,115 $1,007,704 $2,310,819' HISTORY, ETC.-Organized June, 1887. Nearly all the securities Other income............. 6,491 4,226 10,717 of the Wisconsin Central Railroad are owned. The lease to the Northern Pacifl.c (see V. 51, p. 713), was canceled Total net .••...•... : ... $1,309,606 $1,011,930 $2,321,536 Sept. 25, on application of Wisconsin Central officials. (V. 57, p. 548.) Charges . . ................ _ *1,5,1 7,234 1,152,194 2,699,42& The Chicago & Northern Pacifl.c, leased on May 1, 1890, through -----Defl.cit.. ___ __ .......... $237,628 the medium of this company, to the Northern Pacific, is now operated $140,264 $377,892' by its own receiver. deficit ....•. . $346,859 $182,497 $529,356 The Chicago Wisconsin & Minnesota, from Schleisingerville to Chicago "Company" "Railroad" surplus ...... 109,230 42,233 151,463; &Northern Pacifl.c terminals in Cook County, Ill.,122 miles, is leased m oerpetuity. Rental is 37½ per cent of gross earning&, less its proporDeficit, as above . . •.••• $237,629 $140,264 $377,893, tion of terminal charges ; but surplus rental over $350,000 yearly is divided equally with lessee. .A.s to Mil. & Lake Winnebago, see that Co. * The charges of course do not include interest on the Wisconsin RECEIVERSHIP.-Sept. 27, 1893, H.F. Whitcomb and Howard Morris Central Company's fl..rst mortgage 5s of 1887 ($11,265,000 outstanding), which are in default. were appointed receivers. See V. 57, p. 557. RECEIVERS' CERTIFICATES.-In Nov., 1894, the Court authorized the -(V. 59, p. 117,783,880, 1142; V. 60, p. 84,260,712,749, 1151; V. issue of $2,000,000 two-year 6 p. c. certificates for floating debt and 61, p, 111, 281, 795, 924, 926, 964, 1022; v. 62, p. 42, 1311.) improvements. Collateral released to be deposited as security !or the & Pascoag KK.-0wns road from Woomorket oortifl.cates. V. 59, p. 880. In December, 1894,$1,650,000 cert1tlcates R.Woonsocket I., to Harrisville, 9 miles. Incorporated 1889. Leased to N . Y. &· we, e sold and the :floating debt paid off, releasing over $2,000,000 of New England (now New England RR.) in 1891 for 99 years at collateral. V. 60, p. 84. In May, 1895, the balance of $350,000 were $15,000 per annum. the Stock, $200,000. sold for new heavy steel rails and other physical improvements. Worcester Nashua & Kochester.-0wns from Worcester viaCOUPON P AYMENTS.-.A.11 interest due Jan. 1, 1894, was paid at maturity, but July, '94, interest on Wis. Central Oompq,ny 5s_had not been Nashua to Rochester, 94 miles. Consolidation 1883, of Worcester & paid to January, 1896. See V. 58, p. 1110. W1sconsm Cent. Co. & Nashua and Nashua & Rochester. Leased for 50 years from Jan. 1, 1886, to the Boston & Maine at renRR. Improv. interest has always been paid when due. tal of $250,000 and taxes. The mortgage of 1879 secures equally on REORGANIZATION COMl\IITTEE.-In July, 1894, George Coppell. w. L. the road from Worcester to Nashua the debentures of 1875. and all Bull John Crosby Brown, Fred. T. Gates, James C. Colgate and the other bonds. There are also Nashua & Rochester bonds of 1894 forGerald L. Hoyt, of New York, Rowland Hazard of Rhode Island, $8,000 outstanding. Application to issue $200,000 bonds for extensi@n,.. and Edwin H. Abbot of Boston, were ap:{>ointed a committee to etc., was made in April, 1895. For 1893-94 rental $250,000; net over reorganize the C<?m pan_y , if possft'!le, "unifymg" the properties now fixed charges, $150,106, against $155,634 in 1892-93; paid dividend composingthe"W1sconsm Central Imes." See V. 59, p.117; V. 60. p. 84. of 5 per cent, $153,220; detlmt charged to profit and loss, $3,114 •. .A. preliminary statement promising a plan as soon as praeticable was Total profit and loss deficit June 30, 1894, $478,983. Loanlil and. issued in Januarv1 1896. See V. 62, p. 42, 139. bills payable June 30, 1894, $305,000 Dividends: From 1887 to Jan., Depositary, Umted States Trust Co., New York. See V. 60, p. 260. 1894, both inclusive, at rate of 6 per cent yearly, but July, '94, div. In June, 1895, about $7,530,000 mortgage 5s and $1,150,000 incomes was only 2 p. c. (V. 59, p . 1008); in 1895, 5 p. c.; in 1896, Jan., 2¼had been deposited. p. c. (V. 60, p. 525, 749.) BTOCKS.-Pref. (6 p. u. cum.), !i!3,000,000; common, $12,000,000. York Southern KK.-Road from York, Pa., to Delta, Md., 3'1Voting power on entire stock is held by Messrs. Colby, Hoyt and Abbott. miles. Extension from York to Chickies, Pa., is proyosed . .A. company formed in October, 1894, to reorganize the " Baltimore & Lehigl• BoNDs.-The first mortgage bonds of 1887 and (subject to these) the incomes cover all interest in the lines which at the time of the m Pennsylvania." Capital stock $600,000; bonds, $150,000. Road made standard gauge in 1895, and consolidation with Balti making of the mortga.,.e were operated in the system. They therefore cover all t'he seourties of said lines held by the more & Lehigh in Maryland at Delta is proposed. Wisconsin Central. The improvement bonds of 1891 (total authorized BONDS.-The indebtedness of York & Peach Bottom Ry. has beenissue $12,000,000) are the joint and several obllgations of the assumed. Y. & P. B., Series A, is for $47,500, rnterest .A.. & O.; Series Wisconsin Central Co. and Railroad Co. and are further collaterally se- Bis for $202,480, interest M. & N. York; Southern second mortgage oured by purchase money first-lien upon all property bougbt with their bonds used to standard-gauge the road. Interest on Y. & P. B., SerieSt proceeds. They have precedence in payment of interest over the inis paid (not always promptly) at Security Title & Trust Co., York,. eomes no new mortgage can be put ahead of them, and if eitlier com• .A., Pa.; on Series B the May, 1894, interest was the last paid. pany hereafter issues a new mortgage, the improvement bonds will be Earnings for 8 months ending June so.., 18!)5, were J\'ross, $36,820; exchangeable for bonds thereby secured at par. Full statement con- net, $10,921; charges, $12,498; balance, aefl.c1t, $1,57"1. cerning these bonds was in V. 53, p. 22, 757. Zanesville & Ohio Klver.-0wns from Zanesville, 0., to HarLAND GRANT.-The Wisconsin Central Railroad had a land grant of mar, on the Ohio River, opposite Marietta, about 80 miles, including 839,348 acres, of which on June 30, 1892, 579~550 acres remained branches, 3 miles. In.A.ug., 1889,interestwasdefaulted. Foreolosuresui.unsold, and $98,948 land contracts were outstanding. lll progress. See V. 50,p. 140. On July 19, 1892, J. Hope Sutor was LATEST EA.RNINGS.-FromJulyl, 1892, to June 30, 1893 (12mos.), the made receiver. See V. 55, p. 147. Stock, $2,000,000. Total funded, Northern Pacifl.o rental for the 672 miles covered by the Wisconsin debt June 30, 18!l4, $2,113,033; equipment obligations, $113,034; Central securities was $1,276,754; incom~ from securities, $439,923; current liabilities, $635,274. In year ending June 30, 1895 (see reother income, $8,332; total income, $1,725,009; total charges, $1,620,- ceiver's report, V. 61, p. 1010), gross, $117,722; net, $14,021; taxes,. 531; balaBce, surplus, $104,477; total surplus, June 30, 1893, $333,606. $4,113; "interest on certificates," $467; balance, surplus, $9,441; no,. GENERAL FINANCEs.-Since the Wisconsin Central Com~any owns interest paid on bonds. ln 1893·94, gross, $128,367; net, $18,200~ practically all the securities of the Wisconsin Central Railroad, thti -(V. 55 p. 147; V. 61, p. 1010.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 ---- ---- ----- --- --- ---- JANUARY, 1896.] 13~ MISCELLANEOUS STOCKS ANl> .BONDS MISCELLANEOUS. For explanation of column headings, &c., see notes on first page of tables. Bonds-Pr! D (l INTEREST OR DIVIDENDS. pal,When Due Date Size, or Amount Par Stocks-Last of by and Payable, Where When Per Rate Dividend. Whom. Bonds Value. Outstanding Cent. Payable --- - - -· ---· · - - - -- $100 $12,000,000 8 per an. 100 21,500,000 Se e t ext. 500 &c. 2,000,000 7 Debentures, subject to call at 110 ................... . c&r 25 1,500,000 See tex t. Amen.can Coal (Maryland) - Stock ................ . ... . .... ....... 100 20,237,100 American Ootton Oil-Common stock (see V. 54, p. 761) . . . ..... 100 10,198,600 6 per.an. Pref. stock 6 per cent non-cum., sub. to call at 105 ..... ..... 1,000 2, 8 10,000 8 g. Debentures for $5,000,000, subject to call at 110,~old.c+ 1890 100 3,844,700 See text. American District Teleg.-Stock, $4,000,000 authorized. . . 100 18,000,000 6 per an. American Express-Stock . ...... . ....... . ....... . ...... . .... 1,000,000 .Ame1·ican (h•ocery r.o.-Common stock . .... . . . . ... .. .. . . . . . ---1,910,780 Preferre d 1st and 2nd ($1,500 ,000 is 2nd preferred) .. . . -- ------100 1,250,000 10 per.an American Soda Fountain-Common stock ................ ...... 100 1,250,000 6 per an. First ~referred, 6 p er cent cumulative ................... ...... 1,250,000 8 per an. 100 Secon preferred, 8 per cent cumulative ................. ..... (1) 100 ..... American Spu·its Mani~f.-Common stock, ~2 8,000,000 .. (1) 100 .... . c p. 5 t1ve, non•cumula Preferred stock, $7,000,000 --- ---6 -g. 1,500 000 1st mortgage f or $2,000,000 g old ............. .. ... . .. . . .. 1895 6 .American Steam ship-,-lst M., guar. p. & i. by Pa. RR. .... ...... 5oo··&c . 1,500,000 100 6,000,000 See text. A.m.erican St1·awboa1·d-Stock .. .. . ..•....... . ............... . ... . 967,0(10 1,000 6 g. 1st 1:DOrt~age, gold 1 s~bject to call after Feb., 1901. ..... 1891 100 36,968,000 See text. A.merwan uga1· .Rejininy-Common stock . ............... ...... 100 36,968,000 7 per an. Prer. stock, 7 p. c. cum: (see editorial in May,'93, SUP.). 1,000 1 6 100 1-i,000:000 5 per a.n . A !t~~-~i~tf:tii~?t~~g~cg~~: ~~~.~ _i~~~~~ . ~. ~~~: .'.~~ 50 17,900,000 See text. Am,erican Tobacco Oo.-Com. stock, $21,000,000 auth .... .... 100 11,935,000 8 per. an Pref. stock, 8 p.c. non•cum.; pref. as to assets and divs .. 100 9,000,000 See text. .American Type Foiinders-Stock, $4,0(10,000 is preferred. ...... .Aaa,m_s Ex:J;ress-Stock ... _... _.............................. .American ell Teteplwne-Stock . .... ..... .. ..... . . . ..... . . . isss ---· ------- ---- -- ---- ------·--- ---- New York, 59 Broadw'y i--M. .-J. Boston, Comp'y's Office. .F. & A. s. M.& Dec. 2, 1895 J a n. 15,1896 Aug. 1, 1898 do do N. Y., Office, 1 B'dway. Sept. 3 , 1895 J:·&·n. N. Y., Winslow, L. & Co . Q.- F. do do N. Y., Office, 8 Dey St. .T...&.. J . N.Y.,Co. 's Of., 65 B'way --- - Q:.::F. Q.-F. Q.-F. ----- --s. M.& .A.. & o. Q.-M. Q:.:.:j_ See text J. & J. Q.-M. Q.-F. Q.-F. . ... . .. ......... Dec:··2;·i895 Nov. 1, 1900 D ec. 3 1, 1895 J a n . 2, 1896 ----- --- Compa:ny\s· Office. do do do do Nov : ·.i;·i895 No v . 4 , 1895 No v. 4 , 1896 --- --- ---- . . .... .. . . . . . .... .. ... New York. Pllila., 233 So. 4th St. "i9i5:· Bostoniii1ternal Tr. Co. N.Y.O ce,117WallSt. do do N. Y., Central Trust Co. N. Y., West. Union Tel. N. Y., Farm. L. & Tr. Co . do do N.Y .. Guar. Trust Co . I Oct . 1,1896 Se e text. Feb. 1, 1911 J a n. 2, 1896 J an. 2, 1896 J a n., 1911 n ee., 1895 Nov . 1, 1895 F eb. 5, 1896 See text. -\.merlcan Spirits 1'Iannfactn1·lno-.-Jncorporated inNewYork American Bell Telephone Co.-On December 20, 1895, the co~pany had 676,536 instruments in use in hands of licensees, / August 22, 1895, to carr.v on a g enera"i busines s of distillu g spirits. a ~amst 582,506 on Jan. 1, ltl95. On Jan. 1, 1895, there were 396,674 ,· Purchased the hulk of the Distilling & Cattle Feeding property , the re• miles of wire. against 353,480 miles of wire in January, 1894; num- org anization plan being in v. 60, p. 480. On Oct. 24, 1895, formal , posses sion was obtained of 17 distilleries of the D. & c. F. Co. ber of stations was 243,432, against 237,186 in 1893. STOCK, ETc.-Common, $28,000,000; pre ferr ed, $7,000,000 non-cuBerliner patent see V. 60, p. 927; V. 61, p. 420, 703, 870; V. 6 2 , P• 39 . 1896., mulative 5 p er cent; par of each, $100. See V. 61, p. 558. The securi1895. 1894 1892. 1893. DIVIDENDS- 5 1888· 91. below. ties are gi ven a s they will be on completion of r eor,ga niz ation. On Jan. 15 1612 18 15 { 1 8 y'rly. Per cent. · In 1896, J a n. 4 12 p. c .. of which 112 p. c. extra. Stock for $1,000,000 15, 1896, the new securitie s were not expect ed for 60 days. DIRECTORS.-S. M. Rice. Richard B. Hartshorne, Jules s. Bache, T. H was sold in 1895, making total $21,500,000.-V. 61, p. 26,420. Wentworth, F. M. Lockwood, Henry S. Kearney, N athan Bijur1 of New ANNUAL REPORT.-For 1894, with balance sheet in v. 60, p. 560. York . City; William E. Hutton, of Cincinnati: Cla r e n ce Buckmgham,. 1891. 1892. 1893. 1894. Year ending Dec. 31. Total gross earnings .... . $4,848,244 $5,781,076 $5,100,887 $4,736,007 of Chicag o; Edward S. Easton and Walter Barker, of P eoria, Ill. Offl Netearn.,incl. int., ch'ges 3,123,785 3,925,485 3,411,676 3,126,820 cers: S. M. Rice . Presid e nt: R. B. Hartshorne, Vice -President and Paid llividends. ..... .. . . . 2,400,000 2,214,156 1,927,227 1,725,000 Chall'man of th_e Boa~cl; Jl½e s _S. Bacbe, Trea urer; T . H. Went.worth, 900,000 Secretary. Office, Mills Bwldmg, N. Y. (V. 61, p. 2 8 1, ::1 24, 366, 558,. 991,863 600,000 1,125,000 Extra dividends.......... 501,820 610, 660,749, 792, 1153). 492,586 586,329 123,785 Depreciationreserve. .... AIDerlcan Stealllshlp.-Stock authorized, $5,700,000: par, $100;. -Total payments ...... $3,123,785 $3,925,485 $3,411,676 $3,126,820 paid in, $1,~01,400. No dividends. Bonds guar. oy Penn. RR. Co. Am.erlcan Straw- Board.-Incorporated under the laws of Illl. OFFICE.-Boston. Ma:1s. -< V. 59, p. 780, ~78, 919, 967, 1103, V. 60, ?· 42, 8 2 , 30l, 560, 7lO, nois. In 1893. dividends. 2 per cent. paid in March and June, but none> since. In 1895 $68,000 of honds w ere r e tired by sinking fund. 926, 1057, 1143 • V. 61, p. 26, 420, 792, 870, V. 62. p. 39). A 1-'NUAL R EPORT-Report for 1894 V. 60 p. 300. AIDerlcan Coal.-There are mort"'age bonds for $200,000. Divi. 1892. 1893. 1894. dends of 6 p. c. p er an. have been paid'. In 1894, paid, March, 3 p. c.; $723,201 $342,176 September, 312 p. c.; in 1895, Mar. 312 p. c.; Sept., 312 p. c. N. Y. office• Profits . . . . . . ............ . .......... . ... . $52,640 12·10 5 ·70 0·87 .... Per cent on stock . ... .. ... . No. 1 Broadway. Bills payable were $265,000. General office, Old Colony Building,. Am.erlcan Cotton on.-ORGANIZATION.-Incorporated Oct. 12 . 42 58 , 262; V 60, P, 300; V. 62, P- 137.) , p. 1889, under the laws of New Jersey, to succeed the American Cotton Chicago. (V. Am.erlcan Sugar Ketlnlng.-This New Jersey corporation beOil Trust, of which it was a reorganization. Owns the following prop· erties, all of which are free from mortgage lien: 70 crude oil ·mills, 16 came in Jan., 1891, the owner of all the property theretofore belonging: refineries, 4 lard plants, 9 soap factories, 14 cotton ginneries, 3 cotton to the Sugar Refineries Co. orl[inally or~ani.zed in 1887. See reor "'ancompressors and 2 fertilizer factories; in all 118 properties, of which 15 ization plan, V. 51, p. 609. uapital stock, origina lly $50,000, 800; were dormant and 19 dismantled on Aug. 31, 1894. See V. 55, p. 767. was increased in Jan., 1892, to $75,000.000, to a cqnire the capita:t CAPITAL s ·r ocK.-Common authorized, $ 20 , 237 , 100 ; prererred, $l 4 , stock of the fOlll' Phliadelphia refineriel' and a controlling interest in 562,300, of which $4,363,700 held to ex change for the debentures. Pref th e Baltimore refinery. Spreckels's refinery in California is under a stock is entitled to 6 per cent, non•cumulative, and is subject to call at ¼~t::s{~r0 :~s~~8:.ta~ ~:: ;t!c,~~ern Sugar Refining Co.," of which the In January, 1893, Mr. Searles gave a list of the refineries in the 105. See pref. certi.fl.cate in editorial of May, l893, SUPPLEMENT. DIVIDENDS.-Preferred stock from June, 18921 to Dec., 1895, both United States not controllen b y the Suga r TruRt and with which the trust has no friendly underRt a nding. They were: R ever e, of Boston, daily, Inclusive, paid 6 per cent per annum (3 p. c. semi•annually ). DEBENTURE BoNns.-The debentures are subject to call at 110, on two capacity, 1,000 barrels; H ender son, of N e w Orlea n s, d a ily capacity months' notice, and no mortgage lien can be create<l without the written 300 to 400 barrels; Cunnin~ham, near Ga lveston. T exas, a bout same;, consent of the holders of 80 per cent of them. Debenture bonds for Mullineaux, of Brooklyn, which claims daily capacity of :l,000 barrels. The daily capacity of refineries operated or controlled by the Sugal' $674,000 were canceled in 1891 to 1894 and $258,000 August 1, 1895 ANNUAL REPORT.-Fis cal year ends August 31. Annual meeting 0 f Refining Co. was s aid to be about 40,000 barrels a day. V. 56, p. 126 STOCK.-Stock authorized is $75,000,000, of which half preferred. stockholders on the tlrst Thursday of D ecember. Re.J?Orti ror 1894-95, DIVIDENDS.-Preferred stock in full to date. On uortion of :prewas published in full in V. 61, p. 831 (see also editorial p. 809), show• ing property as follows : Real estate, m,:i,chinery, &c., $11,165,365: cash ferred dividends a re Q.-J .; on b a la nce, J.&J. On common, in 1891,. in banks, $972,780; bills and accounts receivable, $1,196,739; mar· July, 4 per cent: m 1892, 1012 p. c.; in 1893, 1112 p. c. and 10 p. c _ ketable products and supplies on hand, $4,548,4,48; total valuation, extra ; in 1894, 12 p. c.; in 1895, 12 p. c.; in 1896, Jan. 3 p. c. GENERAL BALANCE SHEET. $17,883,332, against $18,194,663 ln 1~91. Loa ns and bills payable Dec. 31, '94. .Assetswere $1,015,000 in 1895, again st $1,300,000 on Aug. 31, 1894. Nov. 30, '93 ~ For the year ending Aug. :u, 1895, the profits of the whole busines s R e al esta te and machinery . . . . . . . . . ... .... $43,119,8 66 $42,931,601 were $1,565,862 less expenses of administration. interest on bonds , &c., Cash and debts r eceivahle . ........ . . . .... 19,4 28,000 23,322,075 5,607,5 63 3,624 ,239' $734,191; balance, net income, $831,671. The profits from a ll the Improvement account".......... . .... . ..... properties, exclusive of interest charges and general office expenses Investments in other companies.... . . .. . . 26,201,599 26,9~!'>,376 have been as follows since 1888: Year 1889·90, $129,979: year 1890· Sug-ar, raw and r efined........ .. ... . . . ..... 10,74 2.456 7,!'l45,781 91. $1,902,181 ; year 1891·92, $2,527,699; 1892·93, $1,800,040; in Miscellaneous ..... .. ......... .. . ... .. . . ... . . 671,435, 1893·94, $1,428,152; in 1894·95, $1,5 65 ,862. -----$105,099,484 .. .. ........... . .. . .......... s 0,507 sset a al Tot $105,08 DIRECTORS.-(Elected November, 1895) Edward D. Adams, T. R. L'iabiltt-ies. Chaney, Charles F. Clark, James A. Garland, Charles Lanier, R. F. $73,936,000 Munro, George .A. Morrison, R. T. Wilson, E. Urquhart, J. Kennedy 22,201,407 Tod, William Barbour, all of New York City; J. l''. Chamberlin, 8,943,100, Summit, s. J. ; M. £,'rank, Atlanta, Ga.; G. A.. Hobart, Paterson, N. J.; John H. Maxon, St. Loui . Mo.; Chairman Board ur Di.rectors, G . A. $10'>,080,507 $105,099,484 .......... . ............. . liabilities Total Morrison: President, •.r. R. Chaney; Vice•Pres. and Compt., Robert F. * Chargeable to the "reserves," reduolng them to $5,31 ,862. Munro; Sec. a nd Trea,s.., Justus E. Ralph. Office, 46 Cedar St., N. Y. (V. 59, p. 7.58, 780,795; V. 60, p. 605, 1007; V. 61, p. 827, S31, 1011.) .ANNUAL REPORT.-Fiscal year ends Dec. 31; cha nged in 1895 from 30. Thereportforll months endin"' Nov. 30, 1892, was in V. 56,. Nov. Am.erlcan District •rele~rapb.-Afle SUPPr,EMENT or .Tan .. 1893. Annual report for 1894 was in V. 60, p. 176. DlVIDENn-.-In 1893, p. 79, and showed net earnings $8,615,83'7, from which paid 9 per cent. common and 7 on preferred, leaving surplus for the eleven the on paid 312 p. c.; in 1894, May, 1 p. c.; in 18!:J5, Feb., 1 p. c.; Aug., 1 p. c.; months of $2,732,157. These fl.gU1·es did not include the controlled Dec., 1, p. c. Office, 8 Dey St., N. Y. City.-V. 60, p. 176. companies, the returns from whicll in March, 18 93, were such tha t the A.merlcan Expres8.-Divldends, 6 p. c. yearly since 1882. Office, directors decided to divide the surplus of 18 91 and 1892, and so declared 65 Broadway, N. Y. City. CV. 56, p. 500, 578.) an extra dividend of 10 p.c. on the common stock. No report since 1892. Am.erlcan Grocery Co1npany.-Organized to do a wholesale (See V. 61, p. 557; V. 62, p. 84.) grocery busines s in New York. A reorganization in June, 1894, of the DIRECTORS.-H. o. Havemeyer. T. A. Ha.vemeyer, F. 0. MatthleF&n Thurber-Whyland Co. J.E. Searles, Wm. Dick, W. B. Thomas, John E. Parsons. Treasurer~ ANNUAL REPORT.-Fi cal year e nds July 31. Report for 1894-5 was John E. Searles. N. Y., office, 117 Wall Street.(V. 59, p. 115, 472, 737 .. o s t a teme nt of earnin."'s is given, but the general 834, 1006; V. 60, p. 82, 176, 605; V. 61, p. 469,557, 1012; V. 62, p. 84.) in V. 61, p. 323. balance sheet showed ciu·reut liabilitiA.s (inc1uding bills payable. $241,· American 'J'elegraph & CabJe.-Owns two ca.hies between Nova 000; notes given for part of T. ·W. Co. debt assumed,$80,500; accounts Scotia and England. Leased to Western Union-which see. payable, $105,5t!2>, $127,082. Current assets (induding accounts re· American •robacco Com.pauy.-Organtzerl tn 1890 under lawo ceivable (g ood), $ 4 3:2,611; bills r eceivable, $1 •,882; cash, $63.855, of State of New Jersey to manufacture and sell tobacco in all its forms . _Officers-T. L . Mar~alis, Pres. and Gen. Manager: F. ·w. Hopkins, Negotiation'! for the absorption of the P. Lorilla rd Co. w ere reported V1ce·Pres .; E. F. Cwnmg , •.rreas.; W. B. Nash, Secy. (V. 61, p. 323.) in July, 1895. V. 61,p. 67. Regarding st a tus of s uits broug-ht agains, American Soda Fountain Co.-Formed in 1891 under laws of the company in Augu t and September, 1895, see V. 61, p. 557, !:f23. supplies. and apparatus water soda manufacture to Jersey New STOCK.-Preferred is S per cent, non•cumulative, and has preference DIVIDENDB.-Dividends on preferred stock have been paid in full up also as to "assets" in case of liquidation. See pref. certificate i:n to date. On common stock to Nov.,'95 10 p. c yearly; 212 p. c. quarterly. editorial of Ma.y, 1893. STTPPLF.llrnNT. Pref. stock f$14.000.000 authOl'• ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1894 in v. izedl was listed in Sept.• 1890. See application for listing commo.m 60, p. 300, showed; net earnings for year of $353,128; dividends, stock on N. Y. Stock Exchange in full in V. 60, p . 838. $300,000; balan ce, surplus , $53,12 8 ; total surplus Dec. 31, 1894, DIVIDENDS.-On preferred to Feb., 1896, inclusive, 8 p er cent per an $303,141. In 18!:J3 sa:J es were $3,026,117; net $329,055; in 18!-.12 RA,les, num. Common stock from 1891, to Nov., 1895, 12 p. c. yea r , y (3 quM.} $3,116,743; net earnmgs, $410,487.-(V. 58, p. 304; V 60, p. 300.) See V. 61, p. 1063. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I ~i~l!~~~~~~:::: :::::: :: ~ ~ ~ ~ :::::::::: :::::::$iuit2~2 . INVESTORS' SUPPLEMENT. 136 [VOL, l XII Bonds- Princi IN'.rEREST OR DIVIDENDS. MISCELLANEOUS . Date Size, or Due. Amount Rate Per When Where Payable, and by pal,When Par of Stocks-Last For explanation of colwnn headings, &c., see notes on Outstanding Cent. Payable Whom. Bonds Value. Dividend. first page of tables. Barney cf SmUh 0a1·---Common stocK ..................... Pref. stock. 8 p. c. cum., pref. as to dividends only ...... 1st mort.• ~old,.subject to call at 110 after July 1, 1902 . . Bay State Gas-Stock ......... . .............................. Boston United Gas 1st M.,s.f.. subj.to call at 105,golu .. c* 2d M., gold ........................... do do Bay State Gas income!! ...... ................ . ....... . ..... B1·idgepurt 1'raction---SEE STREET RAILW Ay 8UPPLE111ENT. Brooidyn Wha11' re W. Oo.---lst M., gold, $17,500,000 c*&r --- --- --- --- --- $100 $1,000,000 See text. 2,500,000 8 per an. 100 1,000,000 1,000 6 i892 Se.e text. 50 ·--·-· 5 g. 9,000,000 1889 500 &c. 5 g. 3,000,000 &c. -·-· 500 7 2,000,000 1,000 ....... ---· 1895 1,000 100 (] a,nton 0o1,1pany---Stock ................................... ...... 100 Oentral d' :soitth American Telegraph-Stock $8,000,000 . . Vhesapeoke <I: Delawa1·e Oanal-lstM.(extended in 1886)r i886 500, &c. Oh:icago tf: AtchisonB1'idge---1st M. for $1,000,000, gold .. c 1885 500, &c. 1,000 ({)hicago Economic Fuel as---Stoclr ........................ First ruort,-:age, gold ($5,000,000) ..................... c" i893 ()hicago &w1---Trust Co.'s receipts of equitable interest... i874 1874 1893 !Equitable GaR Light & Fuel lstmortgage ...... ·······C" 1885 c .. . .................. gold 1886 mortgage, 1st Gas Consumers' Chicago Gas Light & Coke 1st mortgage,~- (see text) .. c 1887 P201~:Jg~g~~!~~~-~~.~~.~~~.~~~~~~!~:.~~~~.:::::::::~ 1st con!'lol. mortgage for $10,000,000 gold . .......... c• f}~icago Junction Railways cl: Union Stock Ya1·ds-Stock .. ...... Preferred, 6 per cent cumulative ......................... Collateral trust bonds, gold, $ or £ .................... c* i890 Income bonds, 5 per cent, non•cum. (See remarks) . .. c* 1892 100 1,000 100 500 500 1,000 1,000 1,000 1,000 100 100 1,000 16,000,000 3,133, 00 7,917,600 2,602,950 743,000 5,000,000 2,500,000 25,000,000 2,100,000 2,500,000' 3,400,000 2,000,000 4,346,000 10,000.000 6,500,000 6,500,000 10,000,000 2,806,000 Annual. From D>1yton by check. June15,1893 Q.---M. 2 p. c. paid Mar. 1, '95. Mar. 1, 1895 J. & J. New York. July 1, 1942 J. & J. N.Y.,Me·1:cJi.:r:rr·.&Lond. Jau: · 1,""i 93!) J. & J. do do Jan. 1, 1939 M.&N. do do 1899 5 g. F. & A. N. Y., U.S.M rt. & Tr. Feb 1. 1945 Text. ---------N. Y., Office. 37 Wall St. Jan. 6, 1896 See t,ext. July 1, 191 ti July,'94, coup. last paid Jan. 1, 1915 7 per an. Q:..:..:j_ See text. J. & .J. 6 g. J. & J. 5 g. J_..&.. J. See text. A.. & 0. 6 g. M.&N. 6 g. J. & D. 6 g. A. & 0. 6 g. J. & J. 5 g. J. & D. 5 g. J. & J. See text. J. & J. 6 per an. Q.---J. 5 g. .J. & .T. See text. 5 N. Y., ·ceiit1:alTr. Co. N. Y., Central Tr. Co. N.Y .. Cent. Tr.& Lond'n. do do N. Y., Central Trust Co. N.Y.,Cent.Tr.&Chic.or. Chicago, UnionNRt. Bk. Cbgo.,Mchts. L.& Tr.Co. N. Y., Office, 45 B'way. do do N.Y., Cent. Tr.; London. N.Y. Of.---When earned. -------· Jau. 1. 1916 A1n· 25, 1895 Nov. 1, 1904 Dec. 1. 1904 Apr. 1, 1943 .July 1, 190!', Dec. 1, 1936 July l, 1937 ,Tan. 2, 181)6 Jan. 2, 1896 J'uly 1. 191!', July 1, 1907 to Chesapeake City, Md. In June, 1893. bonclholder!'l were askPd ICity to accept 4 per cent interest (in place 01' 5 per cent: until contingent ANNUAL REPORT.---For year 1894 was in V. 60, p. 710, showing: .-.u1·pliis. Div. on 0orn. Div on Pref. 12 Mos. Net Eunis. $954,800 (12%)$2,148,000 *$1,966,6161 l.894 ..... . $5,069,416 1,225,167 956,800 (12%) 2,152,500 1.893 ... ... 4,334,467 1,612,501 960,800 (l'l % ) 2,166,000 1.892 .... .. 4,739,301 General balance sheet of Dec. 31, 1894, showed: Liabilities. Assets. Real estate, stock, etc.$35,255,296 Stock and scrip-see ~able above. -· ·· · ·,- · .$29,~3~,000 C~1<l1. .... : . . . . . .. . .. . . . 1,909,559 170,700 D1v.payableFeb. l 95 .Bill!! and accounts re· 510,fl22 ceivable.............. 1,535,741 Accts. ~corns.payable 27ll,694 Advert1smg fund...... lOl,388 Incorue tax ..... ·•····· Surplus . .. ... •········· 7,!.98,'l90 I - Total. ....... ......... $38,700,594 Total. ..... ········.···$~8,700,596 DIRECTO~S-~Lewis Urnter, ~~hn Pope, Geor~e Arent~, ames B Duke, Beniamm N. D~k?, Gt: 0 ~::,e W. Watts, W. H. Butler\ C_ 1 arles_ G Emery, John Doerhoefer, William ~- Ma:i:lmr!Z', Ge(). W. Gail, Josia Browne: Pres., J awes B. Duke ; First V1ce•Pres., Wm. H. Butler; 2d Vice Pres .. John Pope; Third Vi ce·Pres., Wm. A. Marburg: Sec., Josiah Browne: Treas , Geo. Arents. N. y 0 m., .... !'>2 7 West ~~d st. (V. 60, p. 001 '7l0 v 60. p 834 838· v 61 p 67 557 7 4 9 993 1003) 1 -o ' ' • ' ' · ' • ' • ' ' ' - ' • American Type Founder,. <'o.-ORGANIZATION,:-Incorporated in 189'.2 under laws of New Jersey t~ carry on the busmess or manu• bcturmg and sellmg typ~. Se!:\ adv. m CHRONICu; ot Oct. 15 , 1892. STOCK,-:--The P!'efer:rect 1s entitled to an 8 ~er cent dividend, cumula· t i ve. It 11< a prtor llen on assets, and is entitled to two votes for eR<:h share. See pref. cer!itlcate in editorial or trPPLE_M~;wr for Ma~. 189:J. In November, 1890, the stockholdt'rs voted to fund the fioatmg d_ebt l1y isR~g $1,000,000 d e benture!! and propo_sed ~o reduce the capital stock from $9,000,000 to $4,000,000, all of ·which shall be common . tock. V. 61, p. 1106. . DIVIDENns.---On pref. m 1893, Feb., 2 p. c.; May, 2 p. c.; none smce. ANNUAL REPORT.---The report for the year ending Aug. 31, 1~95, wa~ i u V. 61, p. 748. '.rhe protl.tR ove1· 1\utTent expeu eR were $9 t,585, a,o-ainst wnich was charged off $4:i,329,-l<'laving uet profits $48,256 for 1g94-l:)5, ae:ainst $40,442 in 1893·94. Bills parable Aug. 31, 1895, were $470,768; accounts payable, $112,385. Bills receivable, $234,· 350: accounts receivable, $431,144. L~asb on hand. $4.0,097. N. Y.Offlce.lOWallSt.-(V.55,p. 625,638; v. 59,p. 736,737; V, 61, p. 7 48, 829, 1100. Barney & Sinitli c .1•.-~ee surPLE~rENT or November, l893. No dividend paid on preferl'ed stock In June l895. ' . Bay 'tn;te Gas Co .-Incorporated m 18891:]-nder the laws or N':w Jersey 1 mamly for the _purpose of arnalgamatmg th~ 14 c~n,pames supplymg gas to ~he 01tv of Boston. V. 59, p. 967. r~t-re 1s a lso a Delaware corpnrat1~u. See V. 61, p. 924. ~n l 95 the rights to rna ,m• tacture "acetyle?-e for Boston w~re acq_mred. S1>e V. 61, _p.1107. S rocK.-Sto~lr rncrt>a~od from $0,009,oou to $15,?,00,000 111 O~tober, 189!'}, to a~~mre "certam gas prope:rtu~s; l)a~·• $50. ---V. 61, p. 610. BoNos.-Ihe mortgage of 1889 1s for. $lf,OOO,OOO g-old bonds, of wllwh $7,000.000 w~re secured by deposit with the Mercantlle Trust Co., trustee of prac rnally all the stock. of the Bost_on, South Bosto~, Roxbury and Bay State (of Mass) gas lig ht compames of Boston, l'aHl to havecostover$l0,900,ooo. Ofthe b ala~ce ($5,000,00q),$3,000,000 were ree'erved to a<·qmre other ~as compames upon certa1 11 terms and $2,000,000 for imi1ro, ements. Each re~iRtered $1,000 bond is entitled to 5 votes. 'Tllere 1s an annual sinking fund of on e per cen! of the e11tire lss~e. an~ bonds ca~ lie drawn at 105. All ~he bo?ds issued ar~ de posited with l\:t:ercant1le Trust Co., N.Y., whrnh i ~sueR1ts Boston Umted GaR trust certificates therefor.---(V. 59, p. 967; V. 60, p. 431,522, 873; V. 61, p. 610, 793, 924, 1107.) Brooklyn "'\-Vhart· & ,varebouliie.-<;>RGANIZATION.-In_corpor• ated Jan. 21, 1895. Owns water frontage m Brooklyn opposite New York City 11,532 feet and leases 2,8:17 feet. STOCK, ET0.---Capital 1<tock---Comruo", $5,000,000; preferred, 1,1eriesA, $~.500.000; preferred, SP-rieR B, $5,000,000. Preferred stocks "A" anrt o dividends "B" are 6 p. c. cumulative, but carry no right to votP. on common till a surplus of $500,000 shall have bR u accumulate l. BONDS.---Purchase money first mortgage is for $17,500,001•. United States Mortgage & Trust Co. is trustee. See V. 59, p.1006; V. 60, p. l 7n. 0FF£CEHS.---Thomas A. l\iciutyre, President; David Dows, Jr .. First Vice-Pres.; J. S. T. Stranahan, 2d Vice•Pres.; William A. Nash, Treas.; Samuel Taylor, Jr., Sec.---(V. 60, p. 176, 218, 258, 522, 8~4. 927.) canton coinpany.-See SITT'PLEMENT of September, 1892. Dividend of 15 per "ent payable Feb 8 1895 (V 60 P l30) · ' · · · · ' " Central & S~uth A.rneric~n TeJegraJ>!•--<;>wns cable line fymu Vera qruz, Mexico, to Vall?ara1so. C~11I, 4, 7o0 mile~. and land li_nes 350 miles, ~to. Also the 'Irans·~dmfl telegraph _Imes, 1,200 miles, purchased m 1891, and_ counec~mg Valparaiso with Buenos ~yres. (;onnects at Vera Cruz with Mexican Telegua.ph Co., and owns an mter• est in cahle betwe_en Galveston and Coatza('.oalco_s, 825 miles, etc.' 1n l8,.J5 the Pac~fic Cable Company w~s orgamzed ~o lay a 011,l>le b~ · tween San Fr_an01s~o an<;t Japan and Chm~. etc. It will be operated m . close connection w11h this company.---V .. Hl, p. 1065.. STOCK.---In November, 1895. $1,417,600 construction ce,tiflcates of 1892 were co~ver ted into a like amount of stock, making the total . stock outstandmg, $7,917,600. DIVIDl!.NOS.---ln 1885 and_1886,_4 per cent; m 1887, 6 per cent; :rrom 1888 to Jap., 189~, both mclus1ve, _at rate ~f _7 p. o. per annum, pavable quarterly; m March, 1890, paid stock dividend of 20 per cent. EA.RNING-8.---Surplus Dec. 31. 1894, $675,433. For year 1894 net e-irnings w ere $556,193. For 1893 gross, $818,421; net $535,009, against $502,000 in 1892; dividend and Interest, $455,933. Ottlce, 37 Wall St., N. Y.---(V.60, p. 560; V. 61, p. 870, 1065.) Chesapeake & Delaware Canal.-Owns canal from Delaware https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 lund, reduced to $4'9,613, should again amount to $100.000. Interest is payable at the office in Philadelphia For year ending March 31, 1895. gross receipts were $H0.187; maintenance of canal, $40,856; net, $09,331; other income, $6,485 ; inrerest charges, $104,488; bal., surplus to contingent fund, $1,328. Stock, $1,903,2;j8; p:1,r, $50. Chlcaao & Atchison Bl"id!?;e Co.-Owns a railway 11,nrl highway toll bridge across the Misso11ri River at Atcl:lison. Kan~ai,. whi<-h was used by several railway companies. Approach to bridge wa ·w a bed away in the fall of 18!-14. '.rh ere are ?d 7s for $142,550. First mort ga.~e coupons due Jan. 1, 1 95, and ince remain unpaid. Bondholrte1'S' 0onimittee.---1!'. W. Pt-'lton, John J. Shiptierd, H. t'. Eells. D e µosi· tary Citizens' Saving & Lo an AsRociation, Cl eveland, 0. See CHRONI• ULE 01' Jan. 25. 1896. - V". 61, p. 558. A"5ent,; N. Y. Cit v·, W. & J. 0' Brien. Chicago Economic Fuel Gas.-:iee SUPPLEMl::NT, April, 1895. Cllica~o Gas.-ORGANIZATION.-The Chicago Gas Co. no lon,g er .3xists, but the trust receipts of 1he Fidelity In,mrauce ·rrust & Safe Deposit Company of Philadelphia certify tl1at the holder is •. : . . . . entitled to lus _ratable proport10!1 of tile owners~up mall the stocks of ~he several.Chicago gas compamcs held by_ the fi'1delit,v Comp3!n.f (snl>Jectto the hen of the bonds), and has the right to receive the d1v1dends thereon and to vote the same as he ma.v choose. In D ecember. 18!l5, the rights to manufacture " acetylene" for Chi· cago w e re acquired-see v. 61. p. 1107. CO~Ii\1JTT1m.-A reorganization to conform to the Illinois laws re• garding trust, is under consideration. It is proposed to consolidate tile propriP-tarv companies and to issue regular stock certificates in place of the 'l'n1st Company',. receipts---s e y. 6 L, p. 1012; v. 62. p. H4. To J an. 21. 1896, Central Trust Uo. certificates for Fidelity Ins. Tr. & i,:, D. r o. receipts to the amount of $23,700,400 ll ad been listed on N. Y. Stock Exchange.---V. 61. p. 703. The committee consists of Frederic P. Olcott, Chairman; Roswell P. Flower, Anthony N. Krady, Walter Ferguson, C. K. G. B1llin.~s and Wm. J. qampbl'll; Secretary, J. N. Wallace, 54 Wall Street, ~ew York; depositary, Central Trust . . Co. See V. 61, p. 616. SECURITIES OwNi-.:o.---The F1~elity Co. holds $14,887i625 ~f the $14,984,200 ,tock of the c~mparues whose bonds are g1von m the table above, this stock bav:mg been trusteed for the b enefit of ~he shareholders of the Chrnago Gas Trust Company, and for tl1;e security of the holders of the mortgage bondsthatwere then,orm1ghtthere• after, b~ iss ued by any of said companies. Through the interest !n said compames there are also contr~lled all but $15,~00 of the $1,6.JO,(!OO stock of f?ur smaller compames, three of which have out3tandmg the followrng bonds: Lake Gas Company, $300,000 1st mortgage 6s; Hyde Park Gas Co., $200,0001st mortgage 6s; and Illinois Light Heat ,t Power Co., $500,000 1st 7s e-uaranteed by the Peoples' Co. Dl!.ALINGS WITH CITL---In June, 1891, a settlement was reached by the several companies on the basis of the city getting 312 per cent of the gross receipts, or at least $150,000 per annum, and paying $1 ller 1.000 feet for its gaR---the price ol gas to otller consumers to remain at $1 25 nutil 1893, when a.reduction of 5 cents in the price must be made each year following until $1 has been reached. See v. 52, p. 939. BONDS.---See application in tull to New York Stock Exchange in CHRONICLE, v. 47, p. 746. Tbe guaranty of the Gas Trust Co. as to principal aud interest is endorsed upon the bonds of the -everal issues m the table above: The bonds are said to retain a "full and ... qual lien" upon the securities held in trust by the Fidelity Co. See above. '95 '94 •~3 '92 '91 '90 v 1 nu1<;NDS.---?. '89 below 6 412! 514 3 3 5 4 Per cent. t Of which 112 scrip. In 1895. Jen. paid 112 p. c.; April, 1 p. c.; Oct., none. In April, 1895, dividend pP.riod wa" changed from quarterly to semi·annually. A. & O. EARNlNUS, ETc.---The Uuicago Gas earnings have beeu as folio ws: Stwplux. lnl~r-est.. Net Ear·ning.~. ruw. $2,053,304; $1,166,560 1893 ............................ $3,219,86-1 1,948,096 1,087,508 3,03fi,604 1892 .............•.............. 1,743,585 1.04!,250 1891...... ....... .... ........ ... 2,787,835 1,::1!')4,609 1,030,100 1890. .. . . .. . . . . ... . . . . . . . . . .. .. . 2.389,709 New York Office, 2!-} Broad Street.---(\T. 59, p. 2 , 514,650, 1057; V. flO, p. 1 :rn, 176, :H!-l, 432. 4-0. f{fl6, 87::1. ~28, 1144; V. 61, p. 6 , 558,610, 708, 793, 924, 101 ~. 1106, 1107. 1154; V. 62, p. 4. Chicago Ju~ctlou Ka~Jway8 & ~ulon stock Yards.-OR GANIZATION.-Th1s.iompany,rncorporatedml890undert)lelaws ofNew Jersey, has purchased 98 J,Jer cent of the stock of the Umon Stock Yard & Transit Compa_ny if Chic~go, whi.ch lat_ter cou!pa~y owns the entire stock of the Chica0 0& I~d1a:na Stat~ Lm~ Railroad Com_pany. The property thus co~trolled 1~ situated rn Chicago, a~d. cons1sts of 470 acres of land (with one mile of water front) contauung warehouses, sheds and pens (to accommodate 25,000 head of cattle, 160,000 hoi-ts, etc.); also 130 miles of railway, connecting with all the railroadA entering the city. see adv. in CHRONICLE ,July 19. 1R90, and v. 52, p. 203. Live stock and car receipts for years ending June 30 h ave ueen: Yea • s--- 0attte. Galves. Hogs. Sheep. Horses. <Jars. 1894-5 .. 2,664,912 182,754 7,8i6,203 3,158,935 111,032 271,600 81,742 290,985 1893-4 .. 3,082.886 200,761 7,094,278 3, ll 7,267 AGREEMI!:NT WITH p Ac1orns.---Under a 11.fteeu•year agreement dating from July 1, 1891, the Chicago p ackers, Messrs. Armour, Morris and Swift and oth~rs guarantee to give this company the business of pack· ing all live stock slaughtered by them within 200 miles of Chicago. See v. 54, p. 328,923; V. 55, p. 99,297. In July, 1892, a· five.year contract was made with the remaining packers, the 80 .called Stickney packers. See V. 55, p. 99. CAPITAL STOCK.---The common stock authorized is $6,500,000; pre• fen-ed $6 500,000. The profeued stock is 6 percent (cumulative), and Incas~ of liquidation will have priority over common as to all assets. DIVIDENDs.---On preferred, 6 per cent yearly to date. On common ln 1891, 10; in 1892, 8 p. c.; in 1893, 8; in '94, 8 p. c.; in '95, 8 p. o.; in 96, Jan., 4. p. c. JANUARY, 197 Ml SOEL LANEOUS STOOKS ANO BONDS. 1896.] Bonds-Pruwi: MISCELLANEOUS. INTEREST OR DIVIDENDS. Date Size, or pal,WhenDue. Amount Par Rate per When Where payable, and by Stoclcs-Last For explanation of column headings, &c., see notes on of Outstanding Bonds Value. Dividend. first page of tables. Cent. Payable Whom. -- ·- - -· - <Jtaftin (H.B.) Company-Common stock._._._ ... _... __ ... 1st pref. 5 per cent,gold, cum.·-· pref. as to princi-} l 2d pref. 6 per cent, cumulative.... pal and dividends. Cul. Goat~ Iron Devel.-lst M., g., guar., red. at 105 .. c*&r Collateral trust bonds, gold, secured by land notes .. ·-· Suburban Land & Investment Co. bonds, guar., p.&i.. .. Ootnrado Fuel di Iron-Common stock, $11,000,000. _____ . Preferred stock,8 per cent, cumulative·---···---····-··Col. Coal & Iron 1st consol. M., gold, s. f., not drawn .. c• Colorado Fuel Co's gen. mort., told, s. f. red. at 110 .. c~ Col.Fuel & Ir. gen. M. ($6,000,0 0) g.,s.fd., red. 105.c*&r Grand River Coal & Coke 1st mortgage, gold, see text.c* <Joturnbus~Hock. Ooatd!Iron Oo.-Stock, $190,000 ls pref. 1st M., f$· (13,351 acres land, mines, &c., s. f., not dr'n.c* aommercial Oabte-Stock ($10,000,000J. __ ....... _....... _. Comstock Timnel- Income, non-cum. ($3,000,000),gold.c* rJrmsolidated Electric Light-Stock ........ _.. __ .. __ .... _. _ Consol. Gas of Baltim01·e Oily-Stock ....... - - .. -•••.... - .. Prior lien bonds, see text (:.I issues) ... ·-·._ ... -··_ ...... c Consol. 1st M., gold, $7,000,000 ... ,.-·-·-·-······-···-C* Ooruwlidated Gas (N Y.)- Stock·-· ·· ········-········-··--· Knickerbocker Gas Light, 1st mort., sinking fund .... c• ..... ---- i889 1892 1894 ·--- isso 1889 1893 1889 i887 iss9 .... ---- i~ss i878 $100 $3,829,100 100 2,600,300 100 2,570,600 1,000 700.000 377;000 1,000 500 500,000 100 11,000,000 100 2,000,000 1,000 2,9:54,000 1,000 1,040,000 1,000 2,000,000 1,000 768,000 4,890,000 100 1,000 946,000 100 10,000,000 500 &c. 1,908,000 100 2,500 000 100 10,770:968 4,600,000 500 &c. 1,000 2,182,000 100 35,430,060 1,000 366,000 See text. 5 per an. 6 per an. 5 g. 6 g. 6 See text. See text. 6 g. 6 g. 5 g. 6 g. See text. 6 g. See text. 4 g. See text. See text. 6 5 g. See text. 6 Q.-J. Q.-F. Q.-F. •J. & J. J. & D. M.& N. ..&..A. F. F. & A. M.&N. F. & A A. & 0. J ...&.. J. Q.-J. M.&N. J::f:n. Text. J. & J. Q.-M. J. & D. N.Y.,Office-Church St do do do do N. Y.,Company'sOfflce. N. Y.,Real Est.L.&Tr.Co N. Y., 18 Broadway. do do N. Y.,Knickerbocker 1'1'. N. Y.,AtlanticTrustCo. N.Y., Office 18 Br'dway New York. Jan.,'95. coup. Jastpaid N. Y., 253 Broadway. N. Y.-when earned. N. Y.,Co.'s0f.,120B·way Baltimore. First Nat. Bk., Balt. do do N. Y.,OtHce,4 IrvingPl. N. Y. Office, 4 Irving pi. Oct. 15, 1895 Feb. 1, 1896 Fell. 1. 1896 July 1, 190~ 1897 Nov. 1, 1909 May 15, 189:-i Fell. 20,1896 Feb. 1, 19UV May 1, 19m Feb. 1, 1943 July 1, 1919 Aug. 20, 1891 Jan. 1, 1917 Jan. 2, 1896 Sept. 1, 1919 Oct. 1, 18~0 Dec. 2, 1895 1900-'10·'13 July 1, 1939 Dec. 16, 18}15 June 1, l.898 BONDS.-The collate1·al trust bonds are secured by deposit with the \ ,- ---Gross----- ,-----Net----<Jentral Trust Cowpany, trustee, of over 90 per cent of the stock of the 1894-95. 1893-94. 1894·95. 1893-94.. Union Stock Yard Transit Company. The $3,000,000 incomes carry Fuel departmimt. ··-··-$2,452,341 $2,294,569 $ 48 0,273 $449,380 ti.nterest after payment of interest ou the collateral trust bonds and the Iron department ....... 2,930,999 1,775,562 248,536 145,428 <6 per cent dividend on the preferred stock; when earnings Gilfflce Rt-tail dept., etc.... . . .. 283,841 305,617 75,420 65,1}57 after payment of prior charges as afol'esaid, the company will Mt aside ---- ---$200,000 yearly for their interest and sinkin~ fund, the incr,meA heiniz Total.·-·.-·· · ....... $5,667,184 $4,375,748 $804,229 $660,765 6Ub,iect to call at par. The amount outstanding has been reduced from Deduct general expenses .... ·-·-···-·· ·······-·· 125,779 98,656 $3,000,000 by s inking fund redemptions. See V. 54, p. 328. TNCOllrnS.---Oottpons paid--1~94, Jan. and July; 1895, Jan. aud July; 1896, Jan. Balance to income account·--····-··.--··....... $678,450 $562.109 LA.TEST EARNINGS.-Supplemental report to Oct. 31, 1895, was in V. Interest on bornfa, $318,840: taxes, exchange, etc .. $102,696: s ink'61. p. LOlO. ing fnud, $92,040; balance, surplus for yeae 1894-9:';, $164,874. In ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting tn .Ter 18lJ3·94 paid dividends amounting to $80,177 and had balance, sureey City second Thursday in Nov. Report forl894-95 was in V.61, p. 150. · pl,ts, of $46,843. Yea1· ending June 301894 IJ5. 1893-94.. 18!:li-9::$. DlRECTORS.-Elected Aug. 20, H~95: John C. Osgood, Henry: R W:•LDividends of U.S. Y. Co., &c....... $1,700,494 $1,733,005 $1,631,277 cott, Dell.ll!~ Sullivan, John L. Jerome, Cllarles H. Toll, William E:. Balance previous year .......... -. . 79,894 21,835 210,638 .Tames, J. A. Kebler, of Denver; Paul Morton. of Chicago; Geo. H. Oeneral expenses, rents, &c........ 115,743 120,921 113,232 PrentiAs, E. Thalmann, John G. Moore, Henry W. Cannon,-C. D. Simp. ilntereston bonds .......... _........ 641,025 644,025 796,850 son, ofN. Y.: J.C. Osgoon. President. Ottlce, 18 Broadway, Nf'lw York. DividendA ... ·--····--······ ·· ··•···· 910,000 910 1000 910,000 -1V.59,p.::l30,37H,:173; V . 60,p.1144;V.61,p.26,112,152,324, iDepreciation............. ........... 9U,000 466, 47;$, 1108; V, 62, p. 138.)J Balance. surplus .. · -···-•• ·• -·····-$23,620 $79,894 $21,834 DrnECTORS.-Chauncey M. Depew (Chairman), W. Scott Fitz, Boston; .National Thayer, Hoston; W. J. Sewell, Camden, N. J.; F. H. Prince, Boston; Fred H. Winston, AlbertH.Veeder and E. J. Martyn of Chicago: Martin L . Sykes and Georice Peabody Gardner. N. Y. office, 45 Broadway.-(V. 57,p. 59,104; V. 59, p. 69; V. tiO, p.130; V. 61,p. I 50, 1010.) Citizens' Gas Co. (Brooklyu.) - Slm UNIO:S- GAS (BROOKLYN) this SUPPLIJll\lENT, abo V. 60, p. 606; V. 61, p. 473. Claffln ( H. B.) CoJUpany.-Inoorporated under the laws or New Jersey in May, 1890, to carry on the mercantile business of the firm of H.B. Claflin & Co., of New York City. The company's premises have a frontage of 375 feet on Worth Street, and with all apourtenances are valued at $2,739,181, its total assets Dec. 31, 1894, including merchandise, accounts receivable, etc., being put at $15,005,855. V. 60, p. 81. DIVIDENDi,,.-On ( 1891. 1892. 1893. 1894. 1895. -0ommon, per ct. 5 10 8 814 6 6 REPORT.-Report for the half-yrar ending Uer.. ~1, 1895, with balance sheet, was rn V. 62, p. L37, showing net earnino-s over expenses and taxes, $359,273; interest on preferred stocks, $142,126; dividends (3 per cent) on common Rtock, $114,873; balance, surplus for 6 months, $L02,274, a~ainst def., $ll,564 in 1894 and def. $i50,475 in 1893. Total surplus to Dec. 31, 1895, $375,889. Profits for full ,calendar year~ l1ave been: in 1895, $613,970; in 1894 $488,312; in 1893, $323,786 : in 1892, $870,006; in 1891, $65i:!,096; in 1889, $784,000; in 1888, $706,000; in 1887, $766,000. Ottlce coruer Church .and Worth streetA, New York. (V. 58, p. 80; V. 59, p. 69; V. 60, p. 8 1; V. 61, p. 67; V. 62, p. l:i7.) Oolorad o Coal & Iron Developrne n t .-Formerly controlled oily Col. Coal & Iron Co. StoclI: (par, $ I OOJ, common, :t:u,000,UOU, of which $50U,OOO held by trustee for benelit of stockholders-see below; preferred , $500,000, non-cumulative. 5 per cent. See full · state• ment to N. Y. Stock Exchange in December, 1892, in V. 55, p. 1112. In October, 1~94, flolorarto Coal & Iron Development stockholders ,were offered $100,000 Suburban Land & Im?estmeut Co . 6 p. c. bonds .at par. Stockholders so sul>-<c1·1L>iug to receive 5 p. c. non-cum. preferred stock (authorized is• ue to he $500,000, par $100) in exchange for an amount of common Aq11al to th ·ir subscription. Proceeds of the honds to be uAed to liquidate the floating del.lt of $360,000. President, H. H. Truman; Secretary, C. C. Davenport; Treasurer, John D. Mars-ton. New \'urk Office, 40 Wall St. (V. 59, p. 780, 1141; V. 61, p. 661.) Oo l orado F u el & I , 0 11. - 0RGAN[ZATION AND PROP,;RTY.-A ·Colorado corporation fo rmed in October, 1892, 1.Jy consolidation [V. 55, p. 373, 639,] of the Colorado Fuel aud the Colorado Coal & Irou Cos., the fflrmer coutrolliug- the Grand River Coal & Coke and the Denver Fuel companies and the fI11erfano Land Association. Application to N. Y. Stock Exchange with l>alance sheet on Nov. 1, 1892, was in V. :55, p. 1040. Cash and convertible assets in excess of liabilities June 30, 1895, $1,509,508, including $773,111 of stocks aud snpplitss on hand. STOCK.-Tlle authorized capital stock: is $2,000,0UU of 8 per cent c umulative preferred stock and $11,000,000 common stock. Common -stock for $1,750,000 was sold in July. 1895. s.. e below. BONDS.-The consolidated company assumed the boudR of the Colo,rado Coal & Iron, the Colorado Fuel and the Denver Fuel Company, and has executed a general mortgage for $6,000,000 covering its •entire property, $4,194,000 bonds secured by which were reserve ·to retire the prior bonds at or before maturity. The annual -sinkinl$ rund for the consols is 2 cents per ton of coal and 5 cents per ton of iron mined, the consols being subject to call for redemption from this sinkin/Z' fund (but not otllerwise) on any interest date at 105. On .July 1, 1895, $530,000 cons nl were h eld in the Rinkin"' fund. In July, 1 895, $2,0UO,OUO generals a nd $750,000 of common stock were sold, the proceeds to enahle the company to pay oft' its bond loans, preferred stock scrip and other floating debt, for additional --0oallands in Colorado, and give an increased working capital of between $400,000 and $500,000. (V. 61, p. 112.) The Fuel & Iron Co. assumed tlle Col. Coal & Iron Co's guaranty -of Colorado Coal & Cron Development bonds for $700,000. The Grand River Coal & Coke Co.'s bonds are not guaranteed but a majority of the company's stock iR owned by the Colorado Fuel & Iron. D1vrnENDS.-On common: In 1893, May., 1 14 per cent. On preferred, tn 1893. Feb., 4 p. c.; Aug.. 4 p. c., in scrip; in 1894, Feb., 4 p. c. in scrip; in 1896, Feb., 4 p. c. Preferred . tock dividends in a!rears in Febru:.ary, 1896, 12 p. c. See V. 62, p. 138. ANNUAL REPOHT.- Report for year ending June 30, 1895, was .given at length in V. 61, p. 4.60, i73, and showed: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ,1. Columbus &; Hocking Coal & Iron Cornpany. - Organlzed at Columbus, 0., January 26, 1883, and owns large coal and iron proper· ties , (13,250 acres or land) with extensive works thereon, in Ohio, a full description in CHRONICLE of February 26, 1887, V. 44, p. 278. The Central TruAt Corupi.ny of New York is trastee of the mo ..tz.e.!!f'l, and April 1, 1895, held $54,000 first 6s in the sinking fund. Coupon of July, 1895, went to default. See V. 61. p. 26. Re01·ganization Co1mn1ttce.-M. L. Scudder. H e nry B. Ely anll George Sherman; depositary, Central Trust Co., N. Y. (V. 61, p. 24, 661.) Messrs. J. H. Davis & Co. oppose foreclosure and invite bondholders to communicate with the m. (V. 61, p. 661.) Plan of Pl'Otective Stoclcholdt',rs' Oommiltee.-John Bloodgood, Cha.trman. The plau proposes fundin,t or July, 1895, and January, 1896, coupons mto preferred stock, reduction or interest on bonds to 5 p. c., gi,ing additional 1:ecurity to hondholde r s ; s tockholde rs to be assessed , $3 per share and given preferred stock therefor. See V. 61, p. 703, 830. ANNUAL REPORT.-Fidcal year enciR Mar. 31. Report for 1894-95 <vas in V. 60, p. 1 148. Iron production for year, 4,329 tons, agamst 4,180 tons in l 893·4; coal, 351,905 tons, against 356,402 tons. There werfl cnr trusts April 1, 1895, for lr98,384. YeartnMa1-.31. G1·0s.<1. Net. Int., laxes.etc. bnp.,etc. Bal.,de.f. 18!}4-95 ......... $361,920 $43,292 $70,865 $11,754 $39,327 1898-94. .. ... ... 4l2,ll 3 3,465 71,805 13,867 81,702 1892·93 ... _..... 717,752 6,953 72,l75 36,680 101,902 President, Jay 0. Moss. N. Y. office. 80 Broadway.-(V. 60, p. I 1 4 3 ; V. 61, p. 26,195,240,558,661,703,830, 1154.) Cornmercial Cable Cornpany.- This is popularly known as the .Mackay-Bennett Cable Company, owning three cables from Nova Scotia to Ireland; one from Ireland to Havre, France; one from Ireland to Bristol, England; also one from Nova Scotia to New York and one to Rockport, Mass., &c. In September, 1887, the authorized stock was raised to $6,000,000, and in October, 1888, to $10,000,000. New stock for $L,929,000 was sold in July, 1893, for third cable, Nova Scotia to Ireland, completed in August, 1894. No bonded debt. DIVIDENDS.-In 1889, 112 p. c.; in 1890, 6 per cent; 1891 to January, 1896, 7 per cent per annum (134 quar.) EARNINGS.-For year ending Dec. 31. 1894 (see report in V. 60, p. 431), gross, 1¥1,773,434, against $1,842,346 in 18H3; net, $1,010,438, against $1,057,746 in 1893; dividends (7 p. c.J, $700,000. ANNUAL REPORT.-Fiscal Tear ends Dec. 31. Report for 1894 was in V. 60, p. 431, showing earninge1 as follows: Gr·oss. Net. Dividends. Bal., stwp. 18~4·····-·--· ···-·-$1,773,434 $1,010,438 $700,000 189::$ ................ 1,84~,317 1,057,747 700,000 BALANCE SHEET DECEMBER 31, 1894. .Assets- Plant ................. _.$12,250,000 Sundry securities...... 1,592,820 Sundry debtors..... . .. 527,718 Cash at banks .... ·-··· 371,367 $310 438 3'57,747 Liabilities- Capital stock ... _...... $10,000,000 Div. payable Jan. 2,'95 175,000 Sundry creditors. ..... 189,490 Reserve fund.·---···-· 1,592,820 Assets over liabilities. 2,784,595 Total. ...... ·-· ....... $14,74.1,905 Total. .......... ·-· ... $14,741,905 J. W. Mackay, President, 1 Broadway, New York.-(V. 56, p. 501; V. 57, p. 218,255, 1038; V. 60, p. 43 I ) Comstock 'J.'u nnel Co.- Owns Sutro Tunnel on Comstock Lode for facilitating gold and silver mining operations aud has contracts Vlrith minin~ companies for royalty at rate of 4 per cent on bullion yield at market price in gold. Stock, $4,000,000 (par, $2·00). Interest paid on incomes Nov. 1, 1892, 112 per cent; none since. ANNUAL REPonT.-Report for year ending August 31, 1895, was given at lengtt1 m V. 61, p. 747,752. New York office. No. 70 Broadway. DirE>ctors elected i u April, 1895, are Franklin Leonard ( President), R. Ho hart Smith, H. H. Truman, Amhrose Leonard, M. L. Muhleman, P.H. S. Vandervoort and Got·lton Macdonald (Trea urerJ. (V. 59, p. 870, 1058; V. 60, p. 748; V. 61, p. 747 , '7 62.) Conso l. E l ectric Llgbt.- See SUPPLEMENT January, 1893. The lnst of the debentures were paid off Jan. 1, 1895. Co n s olidated Gas of Balti more Clty.- fncorporated May 5, 1888, under the laws of Maryland for mannfacturin!!' and supplying gas. STOCK. -Authorized $11,000,000. Dividends at 5 per cent yearly have been paid semi-annually. 138 .lN1lESTORS:' SUPPLEMENT. [VOL, LXII. Subscribers 'Will confer a great f'avor by giving Immediate notice of' any error discovered In these Tables. Bonds-Princi. MISCELLANEOUS. INTEREST OR DIVIDENDS. Date Size, or pal, When Due. Amount Par For explanation of column headin~s, &c., see notice on of Outstanding.Pate Per When Where Payable, and by Stocks-Last Bonds Value. first page of tab es. Cent. Payable Whom. Divide:r:d. l --- Oonsol-idated Gas, N. Y.-(OoncludedJ- F. & A. N. Y., Farm. L. & Tr. Co. Metropolitan Gaslight Co., 1st mortgage ........•..... c' 1881 $500&c. $658,000 6 1,000 1,500,000 M.&N. N. Y.,Office,4 IrvingPl. Debentures .........•..•.•.........•...•.............•.... r 1888 5 25 2,500,000 See text. N. Y. Of., 20 Nassau St. Oonsol. Kan. Oit'!{. Smelt'& & Reftn'g-Common stock ....... --·· 25 228,500 Q.-M. Preferred stoc ,. $1,0 0,000 .........••... . .............. 7 N. Y., 20 Nassau St. 1,000 1,000,000 1st M., gold, subject to call at 105 after May 1, 1895 .. c* i890 6 f!, M.& N. N. Y., Of. 20 Nassau st. 100 10,250,000 See text. Yearly. N. Y.,Co. 's Of., 71 B'way. Consolidation Coal of Maryland-Stock ..•.... .......•..••. 1,000 1,100,000 1st mortgage, convertible into stock at par ............ c is72 6 J. & J. do do Denve1· Consolidated Gas-Stock ....................•...... 100 1,500,000 See text. See text N.Y.,Maitland, P. & Co. ---· 1st mortgage, gold (subject to call at 105) ............ c• 1891 100 &c. 1,500,000 6 g. J. & J. N. Y.,Atlantic Trust Co. ....... 115,000 Gold debentures, subject to call at par after Apr. 1, '95 1893 g. A. & 0. N.Y., Maitland, P. & Co. 7,000,000 Denver Union Water Oo.-lst mortgage, $8,000,000 ...... 1894 ............. ..... ... Detroit Gas-Underlying bonds .. ................. ..... ..... 2,000,000 ---------is93 1,000 2,000,000 5 g. F. .&..A. See text. 1894 200,000 .... . . N. Y., Guaranty Tr. Co. 5 1,000 3,112,000 DetroitMack. &MarquetteR.R.-Land M. (inc.) red.at 100.r 1881 A. & 0. 1 p. c. in Oct., 1895. Diamond Match. -Stock-Listed in Chicago .. . ... ........ _ 100 11,000,000 see.iei:t. Q.-M. ---------Distilling & Cattle Feeding- Stock ..•............... •....... 100 35,000,000 See text. Q.-J. Peoria., Ill. {1) Receivers' certificates . .......... . ............... _._ .... _. ---···-----1,000 1st M., $8,000,000, g., sub,ject to call at par in 1903 .. c* 1893 1,000,000 6 g. J. ·&·n. Dee., '94, coup. last pd. East Oat·. Land d: Ry. Co.-Debenture bonds (see text) ... .... 250,000 6 g. F. & A. ··ioo 3,750,000 See text. Q.-J. Edison Etect?·ic Illuminating of Brooklyn-Stock ..•••.... Brooklyn. . 5 g. .A.. & o. 850,000 1st M. ($2,500,000),g.sub.tocallllOaft.Oc.l,1900 .. c"&r i890 1,000 do Edison Electric illuminating of New York-Stock ........ _ 100 7,938,000 See text. Q.-F. N.Y., Of.Pearl cor.Elm. lstM ($5,000,000)g.,conv.,red.at llOaft. Sept.1,1900 . c* i~ilo 1,000 4,312,000 5 g. M. & S. N. Y., Guaranty Tr. Co. First consol. mortgage, $15,000,000, gold ............ c* 1895 1,000 2,114,000 5 g. J. & J. New York. -----· 8~~~~~ }~~i;i~ii~~:. ~·.~~?:~~~: -~~~~-- .- .- :.- .-----------.~~: ---- ·----- ------- ------ BONDS.-The consnl. first mortgage of 1888 is for $7,000,000 of 5 p. , The followi n g pr1or llen bonds were guaranteed by assumption: Consol. Gas Co. (of 1880) 6s. J. & J., due July 1, 1910, $3,600,000. Che~apeake Gas Co. 6s, J . & D., !1ue .Tune 1, 1900, $1,000,000. Eqmtabl~ Gaii Co. 6s due April 1, 1913, $893,000, were called at 110 on April 1, 1895. Consols or 1888 are reserved hy trustee (Mercantile Tr. & Dep. Co., Baltimore) to retire these prior liens, and in July $218,000 c"'nsols were held in treasury for betterments. OFFICERS.-President. John w. Hall; Secretary, N. T. Megmness , "Treasurer. Jos. w. Clarke; office 19 South st., Baltimore. v. 60, p. 39 1 e. gold. bonds and are ~!ated to he free from taX;ati~~- Conoolldated Gas of Ne'W York.-This company was organized November 11, 1884, under chapter 367, laws of New York, 1884. The companies merged in it were the New York Gaslight, the Municipal oa... light, the Metropolitan Gaslight, the Manhattan Gaslight, the Knicker• hocker Gaslight and the Harlem Gaslight. The total stock was $39,· 078,000, of which $3,647,940 was reserved for working capital and for Indebtedness of old companies. Dividends, formerly 6 per cent per annum, were in June, 1893, increased to 8 per cent (2 per cent quarterly) . Consolidated Kansas City Smelting & Reflnlng.-Incor• porated in 1887 under laws of New York, and owns extensive works at Argentine, a suburb of Kansas City for smelting and refining gold, lead, silver and copper ores. Also has smelting works near El Paso, Texas, and Leadville, Colorado. In Mexico it owns three valuable mining properties. DIVIDENDS.-On common, dividends from August 1, 1887, to February, 1892, both Inclusive, at rate of 10 per cent per annum in cash. and in 1892 1~½ !)fir cent also in stock to represent earnings·spent in improvements; in March, 1893, 10 per cent in stock; in Sept., 1895, 3 per cent. On p1·efer1·ed, in full to Decembn, 1895. Preferred 7 per cent cumulative stock for $1,000,0bO authorized in January. 1894, has prior lien on asrnts and earninf!s; $228,500 issued to D ec. 1, 1895. In 1895 net earnings were $250,000. Mr. N. Witherill, Vice•President, 20 Nassau Street, N. Y. City. V. 56, p. 403. Consolidation Coa1,-Report for 1894 was in V. 60. p. 300. Coal mined in 1894 was 892,502 toniS; in 1893, ~ 07,559 tons: in 1892, 938,695. The gross receipts from mines, railiroads, rentR, 1894. 1893, &c.(including value of stock of cobtlon hand).$2,175,482 $2,377,527 Nflt receipts...................................... $362,639 $368,508 Interest in 1894, including interest on guaranteed bonds (see below), amounted to $116,900; balance, surplus for dividendR, $245,739; dividends $205,000. Baltimore & Ohio Railroad owns $3,810,000 stock. Balance to credit of royalty fund Dec. 31, 1894, $663,lSti, invested in interest-bearing securities. This company holds as a cash asset $100,000 bonds of tne Cumberland & Pennsylvania RR., whose stock, $1,500,000, it owns and whose bonds it guarantees, $1,000,000, on 57 miles. Divide~ds since 1883: for 1884 and 1885, 1; for 1886, 34; for 1887, 112; for 1888, 214; from 1889 to Feb., 1896, inclusive, 2 p. c. yearly. OFFICERs.-Prei.ident, Charles F. Mayer; Secretary and Treasurer, T. K. Stuart. Office, 44 South St. ,Baltimore, Md. (V. 58, p. 344; V. 60, p. 300.) Denve1· Union Water Co.-A coniiolidation in October, 1894, of the Denver Water Company and the Citizens' Water Co. Controls the water supply of the city of Denver, Col., and vicinity. Capitfll stock is $5,000.000 common and $2,500,000 of 5 p. c. non•cumulative p1·efer1·ed. Bonds for $7,000,000 were issued to pay for property of oln companies which were sold under foreclosure. (V. 59, p. 788.) Denver CQntoolldated Gas Co.-Organized Nov.16, 1891, to take over the old gas company in Denver, Col. Capital stock, $1,500,000. Dividends from April, 1892, to July, 1893, Inclusive, 4 p. c. per annum, quarterly; in ~ov., 1 p. c.: in 1894, Feb., 1 per cent: in 1895, Oct., 1 p. c. in 1896, Jan.,'l p. c. Gross earnings in year 18~5, $::!09,534; net, $187.802; 1894, $282,512; net, $173,614. In 1893 gross, $311,570; net, $173,315; taxes, $6,838; interest, fltc., $103,161; balance, surplus, $63,316. J.B. Grant, Denver, PreRident. Detroit Gas,-Orgstnized in November, 1892, to control all the gas properties in Detroit, Mich. Has a 30•year contract with the city of Detroit. See application to N. Y. Stock Exchange in V. 56, p. 672. Stock, $4,000,000; par, $50. $500,000 of the $4,500,000 consol. 1st mort. bonds are retained in the trustee's hands; only $4,000,000 of bonds issued on present property. Three coupons, Aug., 1894', to Feb., 1896, incl., funded into 10-year 5 p. c. bonds; interest accrues from Feb. 1, 189G. Foreclosure suit was instituted in May, 1895, for the purpose of determining the standing of the purchase-money bonds of 1893-see V. 60, p. 928.-(V. 57, p. 808; V. 60, p. 928.) Detroit Union RR. Depot.-See SUPPLEMENT, January,1893. Diamond lllatch.-ORGANIZATION, ETC.-Organized in 1889 under laws of Illinois. Owns factorles ·at Boston, Mass., Barberton, o., St. Louis, Mo., Detroit, Mich., etc., nine places in all; al so store properties at Baltimore and Philadelphia, and saw mills at Ontonagon, Mich., with extensive pine stumpage tributary thereto. STOCK.-Increase from$7,500,000 to $9,000,000 was made in March, 1893, to pay·for new plant, etc. It was voted in Feb., 1895, to issue $2,000,000 new stock, of which one•half for stock dividend and balance to be sold at par to stockholders of Feb. 15. V. 59, p. 1058. DIVlDENDS.-Tn 1893, 10 p. c.: in 1894, 10 p. c.: in 1895, March, 212 p. c.; in April, 1119 p. c. extra in stock or cash; June, 212 p. c.; Sept., 21g per cent.; Dec., 212 per cent. ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1894 in V. 60, p. 301, showed net earnin~s, $1,373,084, agst. $1,359,577 in 1893 and $1,050,979 in 1892. Net m 1894 were at the rate or 15 ·2 p. c. on the stock against 15·1 p. c. in 1893. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis g ------ ------ Aug. 1, 1901 May 1, 1908' Sept. 25,1895, Dec. 20, 1895· May 1, 1900, Feb. 1, 1896Jan. 1, 1897 J an. 2, 1896 Nov. 16, 1911 Apr. 1, 1899 1914 ·Feb:· 1,..i918 1904 Oct. 1, 1911 Dec. 12, 189a See text. ...... ... June 1, 1913 1897 Jan. 15, 1896 Oct. 1, 1940 Feb. 1, 1896 Mch. 1., 1910 July 1, 1995, BALANCE SHEET DEC. 31, 1894. Real est., mach'y, etc.. $6,889,013 Capital stock.......... $9,000,000· Bills & accts.receiv'ble 869,426 Accounts payable..... 252,352 Cash................... 330,565 Surplus Dec. 31, 1894. 1,644,76~ Matches,raw mat'l.&c. 1,551,369 Pine stumpao-e & lO"'S. 1 256 7421 "' "' - ~ - - • - Total assets $10 897115- Totalliabilities ...... $10,897,115, ·····:·· ' ' . OFFFICERS.-Pres1dent, 0. C. Barber; V1ce·Pres~., W. H. Moore; 2d Vrn~·Prest., J._ H. Moore_; Treasurer, J. K. Robmson: Secretary, H. C. Uranz. Mam office, Clucago. New York office, SR Hudson Street. -(V. 58, p. 389 ; V. 59, p. 1058; V. 60, p. 177, 30 I ; V. 61, p. 749.) Distilling & Cattle Feedlng,-ORGANIZATION.-The bulk of th& property was sold August 14 for $9,800,000 to the Reorganization,, Committee and has heen turned over by tllem to the Amerkan Spirits M11,nufacturing Company-which see. A settlement has been made, with the Greenhut interest by which they come into the reorganization with their stock and bonds. See V. 61., p. 112. REORGANIZATION COllfMITTEE.-Richard B. Hartshorne, John I. Waterbury, F. M. Lockwood, Jules S. Bache and W. E. Hutton. REORGANIZATION PLAN.-The plan (V. 60, p. 480) provides (1) for the, issu of $1,500,000 first mortgage 6 p er cent 20-year f!Old bonds (total, issue $2,000,000), $7,000,000 of 5 prr cent non-cumulative preferredi stock. and $28.000,000 common stoc lc (2.) Old stockholders to ~ubscribe for new bonds at par to the amount of $4 per share of present holdings. (3.) titockholders subscribing as above to receive 20 p. c. in new preferred and 80 p. c. in new common for old stock. (4.) Proceeds of new bonds to retire 1he $1,000,000 outstanding bonds, the rebate vouchers and other claims; $500,000 new bonds to, be reserved for u se only in an e mergency. ANNUAL REPORT.-Fiscal year end.s March 31. Report for 1893-94 in V. 58, p. 715, shows as follows: Year ending Mat·ch 311892. 1893. 1894. Earnings from business ........... $2,466,086 $2,281,375 $980,186 Contracts, rents and interest..... 193,660 151,313 106,716 I Total earnings ............. . ... $2,659,746 $2,432,688 $1,086,902 Expenses paid..... . .. ............. $442,306 $392,1.59 $829,958-(V. 59, p. 472,600,968, 1103; V. 60, p. 82, 219, 259, 301, 349, 480,. 561,65~711,748,83~873,928,1009,1058,1104,1144; V.61,p.27,. 68, ll2, 152, 195, 240, 281, 324, 366, 558, 610.) Ea!iit Caro Una Land & Rail"Way Co .-Orgaruzed to control land. and railway properties. The "debenture bonds" are secured on 88 miles of road [bonded at about $2,900 per mile] by deposit of $407,000 Wilmington Newberne & Norfolk mort"'age bonds and $218,000, Wilmington Onslow & East Carolina firsts. c%ee Wilm. Newberne & Nor.} Edison Electric Ilhunlnatlng of' Brooklyn.-Stock and bonds listed on N. Y. Exchange in September, 1892. See adv. CHRONICLE of March 12, 1892. STOCK increased from $1,500,000 to $2,500,· 000 in March, 1893, to $3,000,000 in April. 1894, to extend the system,. and to $3,750,000 in June, 1895, for purchase of controlling interest in Citizens' Electric Light stock and for exten sions. In June, 1895, addi1ional bonds for $500,000 were authorized for extensions, etc., of which $350,000 were issued in June, 1895. DIVIDENDS.-From June, 1891, to Nov., 1892, 4 per cent per annum; in 1893, 5 per cent; in 1894, 534 p. c.; in 1895, 6 p. c.; in 1896, Jan., 112 p. c. MORTGAGE TRUSTEE.-Franklin Trust Co. EARNINGS.-12 m.>s., ( 189:, ... ...... Gross, $622,036; net, $241,034 J an. 1 to Dec. 31. 51894 .... ..... Gro@s, 423,9~9; net, 188,503 ANNUAL REPORT.-Report for 1894 was in v. 60, p. 348. OFFICBRS.-President, Ethan Allen Doty; Vice- President, Edwin Packard; Secretary and Treasurer, Royal C. Peabody. Office, Pear:L Street, Brooklyn, N. Y.-(V. 60, p. 82,348,928, 1104, l1 1l 5.) Edison Electric Illnmlnatln~ Co, of Ne,v York.-Operat,es under the Edison patents in N. Y. City. On Dec. 31, 1894. its incandescent lamps numbered 234,494, against 192,601 in 1893 ; its aro lamps 3,014, against 2,538 in 1893; its motors, horse power, 7,616, against f; 529 in 1893. STOCK.-lncrease to $10,000,000 was voted in March, 1893, and in June, 1893, $750,000 of this was sold and $688,000 was issued in exchange for bonds. (V. 56, p. -t63, 538.) Listed in N. Y. in May, 1889. DIVIDENDS.-From 1885 to 1891, both inclusive, 4 per cent per annum; in 1892, 5 per cent; 1893, 534 per cent; in 1894, 6 p. c.; in 1895, Feb., 112 per cent; May, 112; Aug., 112 per cent; Nov., 1¼ per et·nt. In 1887 an extra dividend of 7 p. c. and in 1891 of 5 p. c. paid in scrip. BoNns.-First mortgage trustee is the Central Trust Company. See terms of convertibility in SUPPLEMENT for January, 1894. The first consolidated mortgage is limited to $15,000,000. Bondsreserved to pay off at or before maturity the $4,312,000 firsts; $291,000 may be issued from time to time to retire 0 11tstanding Harlem Lighting and Manhattan Electric Light bonds not owned by tha Edison Co.; $1,897,000 were issued on account of purchases of stock and bonds of the Manhattan and the Harlem companies and for con• struction reqUITements during the present year; the remainder, $8,500,000, for future use, but none before J an. 1, 1896, and then only $1,000,000 per annum. The entire bonded debt shall at no time exceed the outstanding paid•up capital stock; trustee, State Trust Co., N. Y. EARNINGS.-11 months, ~ 1895 . ... .. Gross, $1,658,976; net, $799,189' Jan. 1 to Nov. 30. ~ 1894 ...... Gross, 1.493,284; net, 716,443 JANUARY, 1896,J MISCELLANEOUS STOCKS AND BONDS. 13SJ Subscribers wlll confer a great favor by giving Immediate notice of any error discovered In these Tables. , INTEREST OR DlVIDENDS. Bonds-.PrmrnMISCELLANEOUS. Date Size, or Amount - - - - - - - - - - - - - - - - ~ pal,Whcn Due . .For explanation of column headings, &c., see notes on of Par Outstanding Rate Per When Where Payable, and by Stocks-La.at first page of tables. _ _ _ _ Bonds Value. ,- - - - - - , Cent. Payable Whom. Dividend. Equitable Gas Light Oo. of New York-Stock............... First mortgage. ....... . .. . . . . . . . . . .. . . .. . . .. . . .. . .. • . . . .. . Consolidated mortgage for $4,000,000, gold ............ o Electric St01·age Batten1-Mort., subject to call (a. f.) ...... Erie Telegraph & Telephone-Stock ($5,000,000)...... .... Collat. tr. gold bonds, ($500,000) a. f., not subj. to can.. do do ($1,000,000) ...................... Fort St. Union Depot (Detroit) lat mortgage, gold.. . .... c• General .Flect1·ic-Common stock............................ Pref. stock 7 per cent cum. (not pref. as to assets).... . . Debentures, g., convertible ($100 stk. for $120 bonds) .c Girard Point .,'jtorage-latM.,gu. p. &i.Pa.RR ........... r Henderson Bridge Oo.-lat M., gold, drawn at 105 ..•... o" Herring•Halkilarvin-Common stock..................... Preferred stock 8 per cent cumulative... ... ............. Illinois Steel-Stock, $50,000,000 authorized.............. Debentures, subj't to oallat 105, convert'le into st'k... c* Non•convertible debentures for $7,000,000,A& B . ... c* Calumet & Blue Isd. mtge. on rolling stock, $1,900,000 Interior Oonduit & Insitlation-Stock... .. ........ .. . . . . . . . Uold dubentures for $500,000, red. after April, 1900 .. r lron Steamboat Oompany-Stock . .......................... lat mortg-age for $500,000....... .... . . . ... . . . ...... .•.. .. Keo,cwc & Hamilton Bridge Oo.-lst mortgage ..... ...... o Laclede Ga.'1 Light-Stook($2,500,000 is prf.5 p.c.cum.) . .. c bt mortgage, gold ............ . ..................... .... o· L. Superior Oonsol. Iron Mines-ht M., $10,000,000, g.o* .. • . $100 . .. . 1,000 1892 1,000 1894 1,000 .... 100 1893 1,000 1894 500,eto 1891 1,000 100 .... 100 1892 1,000 1890 1,000 1881 1,000 100 100 . . .. 100 1 89 0 1,000 1893 500 &c. 1894 .... 100 1895 1,000 . . .. 100 1 881 500 1869 1,000 100 1889 100 &o. 1893 1,000 ANNUAL REPORT.-Fisoal year ends Dec. 31. Report for 1894 was given in full in V. 60, p. 175 1 178, showing gross earnings, $1,369,066; net income, $789,465, agamst $605,642; interest, $207,266: dividends, $476.196: balance, surplus, $106,003. In 1893 gross $1,193,· 339; net, $605,042. Spencer Trask, Pres. General Offi_ce, Pearl St., cor. Elm St.-(V. 60, p. 128, l '15, l '18, 561, 606, 794, 1140.) Electric Storage Battery Oo.-Incorporated in 1888 under the laws of New Jersey. In 1894 acquired control of the Consol. Eleotl'ic StoragP, Krush Eleo. of Cleveland, General Eleo. Launch Co., Eleo. Land & Navigation, the Acoumlator Co. and the storage branch of the General Eleo. Co. See V. 59, p. 1007. STOCK.-Common, authorized, $8,500,000 (par $100), all outstand • 1ng. Preferred, 1 per cent cumulative, authorized, $5,000,000 (par $100); outstanding in Dec., 1894, $3,000,000. During 1895 $1,000,000 preferred will be issued for additional working 'capital. Capital stock authorized was increased in 1894 from $10,000,000 to $13,500,000. BoNns.-Mortgage is for $450,000; Old Colony Trust Co., Boston, trustee. Bonds carry 2 ~- c. in 1895, 3 p. c. in 1896, 4 p. c. in b97 and 5 p. c. thereafter. Sinking fund operative in 18~9 and bonds can be oalled on 15 days notice at from 75 p. c. to par. President, W. W. Gibbs; office, 328 Chestnut St., Philadelphia, Pa. (V. 59, p. 1007, 1058.) Equitable Gas Light (oCN. Y .)-See SUPPLEMENT of Jan., 1893, D iviaends formerly 8 per c~nt yearly were: In 1893, 9 p. c.; in 1894, 12 p. c.; in 1895, 12 p. c.; m 1896, Jan., 3 p. o. Erle Telegraph&: Telephone Oo.-ORGANIZATION-Owns 65 per cent of the Cleveland Telephone Co .. 70 per cent of the Northwestern Telephone Exchange Co., and 70 per cent of the Southwestern Tele graph & Telephone Co., operating in the States of Ohio, Minnesota, North and South Dakota, Texas and Arkansas, under licenses from Am. Bell Telephone Co. On Jan. 1, 1896, these had 18,593 flubscribers a~ainst 16,174 in 1895 in over 237 cities and towns, and 5,000 miles or long•distauoe lines. Loans and bills payable April 1, 1894, $140,000. STOCK.-Capital stock was listed OD N. Y. Stock Exchange in October, 1894-see application in full, V. 59, p. 701. DIVIDENDS since 1887-In 1888, 4; 1889, 334; 1890, 4; in 1891, 4; in 1892, 4; in 1893, 4; in 1894, 4 p. c.; in 1895, Feb., 1 p. c.; May, 1 p. c.; Aug., 1 p. c.; Nov. 1, p. c. LATEST E.A.RNINGS.-11 mos., 5 1895 . . gro s, $989,653; net, $414,541 Jan. 1 to Nov. 30. <1894 .. gross, 944,693; net, 372,150 For statement of profits to Sept. ::$0, 1895, see V. 61, p. 280 and 830 Fiscal year now endR Dec. 31 instead of March 31. For year ending Dec. 31, 1894, companies controlled had gross income, $1.009, 733 (against $941,813 in 1892·93) ; surplus over dividend@, $37,022. For the same period E.T. & T. Co. proportion of dividends, $235,270; dividends paid by Erie (4 per centl $192,000; surplus, $43,270; expense account, $24,136; net surplus, $19,134, against $25,994 in 1892·93. Office Lowell, Mass. (V. 59, p. 65r, 697,701; V. 61, p. 280, 830.) Fort Street Union Depot.-See SUPPLEMENT of April, 1895. General Electric Company.-0RGANIZATION, ETC.-Organized under the laws of New York, April 15, 1892, and acquired all of the eapital stocks of Edison Electric Light, Edison General Electric, Thomson-Houston Electric and ThomRon•Houston International Electric oompanie... It thus owns the Edisou and other patents for electric lighting in the Uuited States and many foreign countries, and grants exclusive franchises for specified territories to local companies. lt also sells outfits for electric railways and all kinds of electrical supplies. CAPITAL STOC.K.-The total authorized capital stock 18 ~50,000,000, of which $10,000,000 may be pref. 7 per cent cumulative, without preference as to principal, but with same voting power as uOI'1Tl'OJ1. Bee preferred certificate in editorial of May, 1893, SUPPLEMF'1'TT DIVIDENDS.-The General Electric on common stock paid in Aug., 1892, 2 p. c.; Nov., 2; in 1893, Feb., 2; May, 2; Au~., 2 p. o.; none since January, 1894, dividend on preferred was not paid. See V. 57, p. 979: BONDS.-See terms in SUPPLEMENT of March, 1893, on page 3. GENERAL FrNANCES.-In August, 1893, because of financial pressure, about $12,000,000 of miscellaneous securities were turned over to the "Street Ry. and illuminating Properties," organized to receive them, 1or $4,050,000 in cash. Sales are now made 01,ly on a cash basis, or short credits to desirable customers. Dividends have been accumulating on th~ preferred stock since and including Nov .• 1893. Profit and loss deficit asper balance sheet Jan. 31, 1895, was $14,794,717. During year 1894·95 the company purchased $1,250,000 of its debenture 5s. ANNUAL REPORT.-Fiscal year ends January 31. Annual meeting a held the second Tuesday in May. Report for 1894-95 witb. balance sheet of Jan. 31, 1895, was given in full in V. 60, p. 796. The report shows gross earnings $13,263,612; cost of material, general expenses and taxes, $11,451,864; net earnings, $1,811,747; interest on debentures, $464,583; balance over interest charges, $1,347,164. Amount charged o:ff during the year for old losses, depreciatfon, etc., $932 521 leaving profit for year, $414,643. In 1893-94 balance over interest charges was $2,252,656. DIRECTORS for the year 1895-96: Oliver Ames, 2d; C. H. Coster, C. A. Coffin, T. Jefferson Coolidge, Jr., T. A. Edison, F. 8. Hastings, H. L. Higgin.son, Eugene Griffin, J. Pierpont Mor$an, Robert Treat Paine 2d., Gordon Abbott, George P. Gardner, T. K. t.mmmins, Jr. President, C. A. C(?ffln; lat Vice-Pres:, Eugene Griffin; 2d Vice·Pres., .Joseph P. Ord; 3d Vice-Pres., E.W. R1ee, Jr.; Treasurer, Henry W. Darling; Secretary, M. F. Westover; office, Schenectady, N. Y.-(V. 59, p. 472, 835; V. 60, p. 43, 82, 177, 561, 606, '796, 873; V. 61, p. 871. Gold&: Stock. '.l'elegra1>ll Oo.-See WESTERN UNION TELEGRAPH. Henderson Bridge Oo.-Owns bridge across Ohio R. at Hendert;OD, Ky., and 10 miles of road. Stock is $1,000,000 (par, $100), of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,000,000 1,000,000 2,300,000 450,000 4,800,000 300,000 500,000 1,000,000 30,460,000 4,252,000 8,750,000 2,394,000 1,728,000 1,500,000 1,800,000 18,650,635 6,200,000 7,000,000 See text. 1,000,000 500,000 2,000,000 443,000 1,000,000 10,000,000 10,000,000 1,500,000 See text. 6 5 g. See text. 4 per an. 6 g. 6 412g. See text. 7 per an. 5 g. 312 6 g. See text. 8 per an. See text. 5 5 6 . · .6.g. See text. 6 8 See text. 5 g. 6 g. Q.-.J. N. Y.; Office, 340 3d Av. F. & A. N. Y., Central Trust Co. M. & S. N. Y., Central Trust Co. J. & D. . ... . ..... Q.-F. Co.'s Of., Lowell, Mass. J. & J. Bost. SafeDep. &Tr. Co. A. & 0. Boston, Old Colony Tr. J. & J. N. Y. Central Trust Co. Q.-F. ...... .. .. J. & J. See text. .J. & D. N.Y.,Guar. Trust & Bos. A. & 0. Phtla., 233 So.4th St. M. & S. N. Y., 120 Broadway. Ann. N. Y., by check. Q.-M. do do . . .. . N.Y.,MetropolitanTr.Co J. & J. N. Y ., Cuyler, M. & Co. A. & O. do do J. & J. See text. A. & 0. . . . . . N. Y., Pier 1, North Riv. J. & .J. N. Y., First Nat. Bank. A. & 0. See text. See text N. Y.,H.B.Hollins; St.L. Q.-F. do do :i\-I. & S. N.Y.,Farmers' L.&T.Co. Jan. 15, 1896 Aug. 1, 1899 Moh. 1, 1932 . ...... . Nov.18, 1895 Jan. 1, 1903 Apr. 1, 1909 Jan. 1, 1941 See text. July 1, 1893 June 1, 1922' Apr. 1, 1940, Sept. 1, 1931 June 10, 1893: See text. Apr. 1, 1893· Jan. 1, 1910 Apr. 1, 1913· July 1, 1914. July 15, 1895, Apr. 1, 1925Oct., 1892 July 1, 1901 Apr. 1, 1899 · Dec. 16, 1895May 1, 1919 Sept. 1, 1903:. Iiswhich the Louisville & Nashville Co. holds $501,000; the Bridge Co., ~uaranteed gross receipts of $200,000 per year by the several roads, usmg it and dividends or 212 p. c. are vaid each F. & A. $220,000 bonds retired were in sinkin~ fund in January, 1894. For year ending ~une 30, 1895, ~ro~s ~231,218: n et, $218. 776; other.income $3,783. Cha1ges, $152,559, d1v1dends, $50,000. Bal., surplus, $20,000. In. 1893-4, gross $254,662; net, $241,520. (V. 59, p. 290; V. 61, p. 324.) Herrlng-Hall•lUarvln 0ompany.-0RGANIZATION, PROPERTY, ETC.-Organized in 1892, to manufacture fire and burglar•proof safes , ,and vaults. See advertisement in CHRONICLE of Mav 14, 1892. In Jan• • uary, 1896, stockholders were requested to assent to the creation of a,. voting trust to continue five years from J anuary 2, 1896. The a"'reement provides for the appointment of the following trustees: Willis. B. Marvin, Wright D. Pownall, Francis W. Carpenter, Stephen A._ Jenks and John A. Sltilbey.-See V. 62, p. 138. · DIVIDENDS on common: In 1893, June, 4 per cent. Dividend on pre• ferred due in June, 1894, was not paid; none since. ANNUAL REPORT.-Fiscal year ends April 30. Report for 1894-95 , was in V. 60, p. 1143, showing sales, $1,052,480; loss on operations for· year, $208,647. Profit and loss deficit, May 1. 1895, $183,415. DIRECTORS.-Edward l). Hall, President; John Farrel. Willis B. Mar• vin, Frank 0. Herring, Wright D. Pownall, Richard T. Pullen, William H. Hall, RichardDym.ond,Jos. Rawson, Jr., and W. S. Rowe, Cincinnati;· J. H. Davis. (V. 60, p. 1009, 1143; V. 62, p. 138.) Illlnols Steel.- IRGAN[ZATION-Formed May 1, 1889, by oonsoli-dation of the .Joliet Steel, Union Steel and North Chicago Rolling Mill •. See statement to Stock Exchange in March, 1894, V. 58, p. 514. SECURITIES.-As to terms of convertible bonds of 1890, see SUPPLE1\tENT of March, 1893, on page 3. In 1893 $6 743,000 non•convertible debentures were issued for new mills, etc., and while any of these "bonds remain unpaid, no mortgage Rhall h e reafter be placed upon any of the property of this company." In 1894 a mortirage for $1,900,000 was issued to Illinois Steel Co. for advan ces to Calumet & Blue Island RR. It covers rolling AtO(lk owned by s ubsidiary railroad companies. The bonds were all held by lllmois Steel Co. in December, 1895. GENERAL FINANCES.-In May, 1895, a new steel plate mill costing $1,000,000 had been completed. V. 60, p. 9~8. D1vrnENDs.-For 1889, 4 per cent; ror 1890, 3 p. o. in oash,5 in stock tor 1891 none; in 1893, March, $13·51 in sorip,and in April 5 p.c. in cash, ANNUAL REPORT.·-Annual report for 1894 showed (V. 60, p. 299gross profits, $558,093: other income, $132,514; bond interest, $660, ► 000; profit for year, $30,607. Total deficit Dec. 31, 1894, $318,865,. against deficit of $349,472 in 1893. In 1894 Mmpany received 2,339,370 tons of raw material, against 1,283,428 tons in 1893, and shipped 563,446 tons of finished product, a~ainst 422,784. Average number of men employed per day, 5,069, against 4,264 in 1893. CONDENSED BALANCE SHEET DECEMBER 31, 1894. Debits. 01·edits. Real Pstate, &c . .. .. ... $17,459,793 Capital stock ..... . .... $18,650,635RR. stocks and bonds. 2,630,000 Deb. bonds, 1910... ..• 6,200,000. Materials & supplies.. 4,984,537 Deb. bonds, 1913...... 7,000,000, Cash on hand.......... 923,282 Div. scrip., due 1913. . . 93,014; U.S. bonds at cost.... 683,189 Accts. payable, since Call loans.............. 651,526 paid.................. 922,150 Bills receivable ...•... 870,643 j Int. due Jan. 1, 1895, Accounts receivable.. 1,285,567 since paid..... . ..... . 155,000, Securities on hand. .. . 3,414,5861 Cnterest accrued, not Other investments.... 74,395 que.............. . .... 93,052 Profit and loss, deficit. 318,865 Reserve fund........ .. 182,532 I I Total. ................ $33,296,3831 Total. .... . . ........ $33,296,383 Office, Chicago. (V. 58, p. 476 1 512, 514, 636; V. 60, p. 299, 928.) International Ocean Teleg;raph.-See WESTERN UNION TEL. Tnterior Conduit &: 'ln•ulatlon.-Successor in 1890 to the In terior Electrical Co. of N. Y. City. SeA description of property, securities, etc., in application to New York Stock Ex:change June, 1895. V 60, p. 1060. DIVIDENDS.-In 1894, June, 5 p. c. in scrip; in 1891> .. .July, 112 p. c. in cash. President, Edward EI . .Johnson. Office, 527 West 34th Street, N. Y. City. V. 60, p. 301, 606, 1058, 1060. Keokuk &: Hamilton Bridge Co.-Owns bridge across Mississippi River at Keokuk, Ia., for railroads and foot passengers. The· railroad portion of the property was originally leased to four companieR, but only two companies now nse it, these being the Toledo Peoria & Western and the Wabash. In Nov., 1894, the guarantee on thebridge bonds by the Pitts. Cin. & St. Louis (now P. C. C. v. St. L.) was declared valid and binding by the United States Supreme Court. V. 59. p. 969. Stock, $1,000,000; par, $100. Coupons are in default, but mortg-age has never been foreclosed, and part of overdue interest is paid as earnin~s permit; in Mar., 1895, half of the coupon due Oct. 1, 1885, was paid. EARNI, Gs-Year ending June 30, 1894: gross, $45,663;. operating expenses, $11,662; taxes, $12,743; net, $21,258. Thecdore Gilman, Treaimrer, 62 Cedar Street, New York.-(V. 59, p. 969.) Laclede Gas Llght.-ORGANIZATION.-Incorporated 1.-n 1857, and in 1889 secured control of all the other gas companies ill St. Louis. Asto suits see V. 60, p. 1145; V. 61, p. 69. STOCK.-Preferred is 5 per cent cumulative, and in Dec., 1895, there was 7 per cent of dividends unpaid, 1 p. c. extra being paid Dee. 16. DIVIDENDS ON PREFERRED.-In 1890, 212 p. c.; in 1892, 5 p. c.; in 1893, March, 114 p. c.; June, 114 p. c. Dec. 15, 1893, 212 p. o. Div. ohanp:ed to semi-annual. In 1894, June, 212 per cent; Dec., 312 p. c.;. in 1895, June, 312 p. c. ; Dec., 319 p. c. BONDS.-Central Trust Co. is trustee under the mortgage. See application to Stock Exchange in V. 49, p. 657. There are $125,000 Car-ondelet Gas lat mortgage 6s. ./ INVESTORS' SUPPLEMENT. 140 (VOL, LXII. Subscribers -will confer a great favor by giving Im.mediate notice oC any error discovered In these •.rabies • .. ----------------------------------------MISCELLANEOUS. INTEREST OR DIVIDENDS. Bonds-Prlncl Date Size, or Amount pal, When Due For explanation of column headings, &c., see notes on of Par Outstanding Rate Per When Where Payable, and by Stocks-Last first page of tables. Bonds Value. Cent. Payable Whom. Dividend. - - - - - - - - - - - - - - - - - - - - - - - - -1- - - - - - 1------1- - - - - - - - - - - - - - - - - - -1------- iLeavenworth Terminal Ry.~ Bridge-lRt M., gold ....... . 1893 Lehigh Ooat <I: Navigation-Stock, $14,366,650 ........... . 1st M., canal, 6,030 acres coal and 76 m. L. & S. RR ... r 1st mort., Leh. &Sus. RR.Mauch Chunk to Easton ..... r 2d M: Can. Coal & RR. and 1st M. N ant. RR., gold .. .... c* Cons. 3d M. Canal, Coal & 122 m. RR.; 2d M. 26 m. RR.r General mortgage for $15,000,000, gold ............... r Collateral trust for $1,500,000, g old . ... ........... ... c* Delaware Div. Canal 1st M., see text,(ext'din 1878) .. . c Lehigh <I: Wilkesb're Ooal-Leh.Coal&Nav.M.,g., assumed. 1st gen. mort. sterling loan, sink. fund, drawn at 100.. c Consolidated mortgage (see text) ....................... . 5R of 1912, cum. sinking fnltd (not dr.) .... ............. c Income" B" bonds,not cumulative, h~ld by Cent. N.J .. J.,o ,,isville Bridge Oo.-1':ltock .............................. . Lou. <f:Jeffer. B1-. Oo.-$5,000,000, gold, gua. p.& i., end.c* .Madison Square Garden-1st mortgage, gold ........... <•* M~~-~~~~fJe~i'~iana:..=.aeii.·i.i.:ioi: ·$i;i;oo;ooo goi<i: c* Maryland Ooal-Stock, preferred ......................... . 1st M., drawn at 100 (s. f. ·has retired $173,000) ...... c* i864 1867 1867 1871 1884 1895 1858 1867 1874 1875 1888 i895 1889 1891 1890 MaxwellLd. 01·.-Pr'rlienM.g.,red. atlOO (orllOatmat.)c 1888 Metropolitan Tel.ti: Teleg. Oo.-lstM., gold, s.f. (not dr'n) ,c&r 1888 Mexican Telegraph-Stock .• •. •• •..•.. •... ••..••. ............ Michigan <I: Peninsula1· Oar-Common stock $3,000,000. Stock Pref. as to assets and dividends (8 p. c. gold, cum,) 1st mortgage, gold ............................ ...... .... c• $1,000 $600,000 50 14,346,650 Various 5,000,000 Various 2,000,000 500&c. 1,842,500 1,000 2,470,750 3,686,000 1,000 1,000 1,000,000 1,000 480,000 500&c. 500,000 £200 687,000 1,000 11,500,000 1,000 2,872,000 2,353,000 1,500,000 1,000 3,000,000 1,000 1,250,000 500 750,000 500 &c. 1,300,000 100 1,885,005 1,000 72,000 500 3,000,000 1,000 1,961,000 100 2,000,000 100 2,000,000 100 5,000,000 100 2,000,000 .. ioo EARNINGS.-For year 1895 net $864,339, against $792,124 in 1894. ANNUAL REPORT.-Statement for 1894 showed net earnings from gas $731,462; net from Carondelet, etc., $77,056; total, $808,518 , again ... t :$762,785 in 1893, $698,090 in 1892 and $582,460 in 1891. New York -office, 40 Wall St.-(V. 60, p. 302, 1145; V. 61, p. 69. l Lake Superior Consolidated Iron Mlnes.-Incorporated in 1893, and owns or controls nearly all the important l)roperties on the Missaoe Range, Minnesota, including the Mountain Iron Co., Misflabe Mt. Iron, Lone Jack, N. Y. & Missabe Iron, etc., and the Duluth Mis ·sabe & No. Ry., which see. STOCK.-Auth., $30,000,000. Issued (Jan., 1894), about $25,000,000. BONDS.-First mortgage (Farmers' L. & T. Co., trustee) for $10,000,·000 provides for a sinking fund. "Unless previously converted into ·stock," bonds can be drawn at 105 after Sept. 1, 1896. DIRECTORS.-George D. Rogers, Fred. T. GateR, D. B. Searle, Edward 8. Cary, George Elwood Murray, Lewis J. Merritt and Charles E. ·Scheide. Pres., Fred. T. Gates; Secretary and Treas .• Chas. E. Scheide. Leavenworth 'J'ermtnal Railway & Brldge.-Owns highway and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over Missouri River, at Leavenworth, Kan., and vitluable terminal property in that city. The mortgage co utains a siuking fund provision. Kan:sas City St. Joseph & C. B. (Chicago B. & Q.). and Chicago R. I. & P. use the brtdge at an annual rental of $18,000 each. nndi>r a 30-year -eontract from 1894. Tbe Chicago Gt. Western h as contract from Sept. 1, 1895, for 30 years at r enta l of $16,000 first year and $17,500 there.after. Capital stock, $600,000. On Jnne 30, 1894, current liabilities, $42,444; current assets, $20,506. I (V. 61, p. 556.) Lehigh Coal & Navlgatlon.-Owns canal from Coalport to Easton, Penn., 48 miles, and leases Delaware Division Canal, 60 miles. Also owns Lehigh & Susquehanna Railroad, Phillipsburg, N. J., to Union .Junction, Pa., 105 miles, with branches, 56 miles, and leases for 999 years Nesquehoning Valley Railroad, 17 miles; Trescow Railroad, 7 miles; other lines, 17 miles; total, 202 miles, of which 115 miles double tracks; but all these roads are leased for 999 years from 1871 to Central •of New Jersey RR., rental beinl? 33½ per cent of gross earnings, with a minimum rental of $1,414,400. D elaware f>iv. Oanalis leased for 99 years from 1866 at interest on the l>onds and 4 p. c. on stock, paid as rental. BONDS.-In addition td the company's bonds in the table are the following assumed by other companies: By Cent. RR. of New Jersey ·$2,310,000 of the gold loan due 1897; by Lehigh & Wilkes barre Coai •Co., $500,000 of the gold loan due 1897. The general mort. of 1884 (trustee. Fidelity Insurance Company of Phila.) covers, subj. to prior ben<ts, 7,460 acres coal land, 48 miles canal and 161 miles railroad, estimated •in 1884 as together worth $25,278,000; bonds are reserved to retire all prior issues not assumed by other companies. Ground rents, mortgages, etc., $358,183. In July, 1895, company sold $1,000,000 collateral trust bonds, portion of an authorized issue of $1,500,000, the other $.'>00,000 being reserved for future needs. The honds are secured by the deposit with ·the Fidelity Insurance, Trust & Safe Deposit Co., as trustee, o! securi\ties representin~ a par value of $3,716,225. Of the proceeds $500,000 will be used in liquidating the tl.oating- indehtednefls, and the remainder for improvements. See full statement V. 61, p. 154. DIVIDENDS ........ ? 1887 1888 1889 1890 1891 1 892 1893 1894 1895 iPer cent .......... 5 4 412 5 5 5 512 6 412 4 .ANNUAL REPORT.-Report for 1894 was in CHRONICLE, V. 60, p. 3-16. ·In 1 H94 produced 1 ,386,48 :Hons Of coal, against 1,445,341 tons in 1893 .; and 1,293,662 in 1892. Year ending Dec. 31. 1894. 1893. 1892. From railroads and Nesque. Tunnel. $1,485,515 $1,814,887 $1,745,474 · Canals ...•. .•........•...•...•...... ... loss 16,927 pr. 16,987 pr. 31,344 Net profl.tonLehi$'h Coal............. 273,099 489,847 343,077 Royalty on coal mmed, &c... .. . . . . . . . 97,045 79,946 104,817 1 Total receipts ..•...•...•..••...... $1,838,732 $2,401,667 $2,224,711 Interest, rentals, taxes, &c .... ....... $1,202,825 $1,230,631 $1,230,067 ·sur~lus. .. ..... . . . •. . . . • . . . .. .. .. . •• . .. $635,907 $1,171,036 $994,644 Dividends ..... ...... ................ (412164fi,599 (6\860,799(5¼\78906n Balance............................ ... def.9,692 su.310,237 su.205,579 :Sinking fund.......................... 99,265 108,450 99,857 Depreciation............ . . . . . . . . . . . . . ........ 110,268 50,058 ·-IV. 59, p. 835, 1058; V. 60, p. 346; V. 61, p. 112, 152, 154.) Lehigh & Wilk.es barre Coal.-Controlled by Central RR. of New Jersey- and owns 21,000 acres of anthracite coal lands and holds 3,000, additional acres under lease. It operates thirteen collieries and leases about 4,000 acres of its coal lands to various individuals, who operatP collieries thereon. STOCK.-$10,000,000, of which $9,212,500 outgtanding, $6,600,000 of this being owned by Central RR. of N. J. BONDS, ETc.-Of the consolidated mortgage seven per cent bonds only :$54,000 are guaranteed by the Central RR. of N. J., the holders of the ,other bonds having freed that company from liability therefor, ou condition that it shall not collect interest on the $6,116,000 consols which it holds prior to tht>ir maturity unless such interest i s earned, this -agreement being stamped on the bonds. The authorized issue of con,sOls is $15,000,000, but those unissued are in reality unavailable, since •by the terms of the agreement just rnentjoned they would not if issued be entitled to stand ahead of the consols owned l>y the Central of N. J. A sinking fund for bonds due r9r2 is provided from sales of surface l!ands and fr~m 10 cents f<?r each ton of coal mined on property included ·m the first lien; no drawmgs. Real estate mortgage 6s, $137,313. GENERAL FINANCES.-The Central of N. J. Jan. 1, 1894, owned \$2,353,000 of the incomes and $4,188 192 consol. mort. coupons https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 g. See text. 4¼ 6 6 g. 7 4¼g. 412g. 6 6 g. 6 7 5 J. & J. M. & N. Q.-J. Q.-F. J. & D. J. & D. Q.-F. M. & S. J. & J. J. & D. M. & N. Q.-M. M. & N. N. Y., Central Trust Co. Philadelphia, Office. do do do do do do do do do do do do Phlla., 226 So. Third St. Phila.,L.Coal&Nav.Co. New York and London. New York and London. New York and London. Jan. 1, 1923 Nov. 27, 1895 July 1, 1914 Feb. 1, 1897 Dec. 15, 1897 June 1, 1911 May 1, 1924 Sept. 1, 1905 July 1, 1898 Dec. 15, 1897 May 1, 1899 June 1, 1900 Nov. 1, 191:t, ..8. F:·&-·A. Louisviiie,"Ky. N. Y., J.P. Morgan&Co. N. Y., Mere. Trust Co. May,'95,paid. Aug.l,'95 4yrs.int.fii-, .d. See text New York, 1 B'dway. do do N.Y.,Lond.&Ams'dam. N. Y., 18 Cortlandt St. N. Y., Office, 37 Wall St. N. Y. Guar. Trust Co. do do do do Aui:ir,","i895 Mcu. 1, 1945 Nov. 1, 1919 Nov. 1, 1919 Nov. 1, 1940 Jan. 15, 1896 Nov. 1, 1896 Jan. 1, 1913 May 1, 19lfol Jan.13,1896 Oct. 1, 1893 Nov.20,1895 Sept. 1, 1942 4 g . 1\I. & S. 5 g. M. & N. 6 M. & N. 4 g. M. & N. See text. J. & J. 7 M. & N. 6 g. J. & J. 5 g. M. & N. 10 per an Q.-J. See text. A. & O. See text. Q.-M. 5 g. M. & 8. past due. Bills payable outstanding were $2,954,491; bills and ac counts receivable $1,382,340. Lehigh Coal & _'lav. bonds for $600,500 due Sept. 1, 1894, were paid at maturity. A.NNUAL REPORT for 1893 showed total receipts of $11,088,212 [against $6,506,821 in 1892]; net over operating expenses and taxes $1,435,630, (against $1,271,495); interest and sinking fund chargesn, $986,602; balance, surplus, $449,029, from which paid 7 per cent o consols owned by Central of N. J. -(V. 58, p. 430; V. 60, p. 39r, 655.) • Louisville Brid~e Co.-Owns bridge 5,294 feet long over Ohio River at Louisville, Ky., and about 2 miles track additional ln Louisville. Used by several railroads (Penna. RR., Louisv. New Albany & Chic., etc.1, under contracts guaranteeing 8 p. c. dividends and opera ting expenses. Surplus earnings aM paid hack to roads using bridge. STOCK is $1,500,000, of which Penn. RR. owned Jan. 1, 1895, $901,300. No bonds. .tlills payable June 30, 1894, -i;l87,128. EARNINGR.-In year ending- June 30, 1895, gross $387,809; net, $276, l 85; other income, $i,700: charges, $15,558; dividends, $120, 000: balance surplus, $143,327. In 1893-9!, g ross, $412,308; net, $298,126.-(Y. 60, p. 1105.) Louisville & Je.ff'e1·sonvllle Brid2;e.-Incorporated June 27 1892. The bridge comP,leted June 27, 1895, is one-half mile long and the approaches one mile. The company alRO owns about 40 acres of land i.n Louisville and 50 acres in J·e.tl:'ersonville. The Big Four, Chesa veake & Ohio and perhaps other roads will use the bridi:ce. BONDS.-The mortgage of 1895 is for $5,000,000 (trustee U.S. Trust Co. of N. Y. and Union Trust Co. of Indianapolis); bonds for$2,000,000 are reserved for future construction, etc.; the bonds are guaranteed by the Chesapeake & Ohio and Cleveland C. C. & St. L. roads, in whose interest the entire stock i s owned. See V. 61, p. f>59. Any detl.ciency m interes t is to be met one-third by the former and two-thirds by the latter Samuel A . Muller, President. 8ecretary, Joseph W. !-!:,11faker.-(V. 60 p. 302; V. 61, p. 27, 55~, 568; V. 62, p. 84.) Manhattan Beach Hotel & Land (Lhnlted).-Owns the rea estate and premises !mown as Manha ttan Beach, with the Man hattan Beach and Oriental hotels, music amphitheatre, &c. Stock $2,000,000, of which $500,000 is preferred. Commencing with May, 1894, fo11r years' coupons w ere funded into 10-year scrip. A few of the coupons have not yet been funded . Austin Corbin, President. Maryland Coal Co.-Controls 6,000 acres of land in Alleghany and Garrett counties, Md. STocu:.-Preferred as in table, and in addi tion old common, $11,100, and trear;;ury stock, $103,895. In 1894 pro duced 351,374 tons of coal, against 356,819 tons in 1893 and 286,213 in 1892. Annual report for 1894 with balance sheet war;; in V. 60, p 347. Surplus earningr;; in 1B94 over interest, etc., were $77,596, agst $94,782 in 1893 and $96,948 in 1892; dividends (312 per cent), $65,932 As to exchange for new preferred see SUPPLEMENT of March, 1894. On new preferred in July, 1893, paid 212 p. c.; in 1894, 3¼ p. c.; in 1 81:15 412 p. c.; in 1 896, Jan., 212 p. c.-(V. 58, p. 306; V. 60, p. 347,) Metrop ,Utan Telephone & Teleg1·aph. Cornpany.-This company has exclusive ri!?hts under a perpetual license from the American Bell Telephone Co. to the telephone business within the city of New York and its suburbs, its territory having a radius of 33 miles from the City Hall in all direetions. Stock, $3,500,000 (par. $100). Mexican TeJeo-raph.-Cornpany organized in 1878 under laws of New York State. ifas a cable from Galveston to Tampico and Vera Cruz 738 miles; lanll line, Vera Cruz to Mexico City, 267 miles. Also direct cable from Galveston, Texas, to Coatzacoalcos, Mexico, 825 miles, du11 licating the Mex. Tel. and Cen. & So. Am. Co.'s Gulf cable system. Has exclusive right for 50 years for all foreign telegrams to Mexic,,, except telegrams to and from a neutral zone on the United Stat~,;, border 156 miles wide, between the Gulf and Pacific Ocean. Owns 2,125 shares of the Central & So. Am. Telegraph '"'" , which sefl. The Pacific Cable Co., which is to lay a cable between San Francir;;co & Japan, China, etc., was organized in 1895, and will operate in close connection with the Mexican Tel. and the Cent. & So. Am. '£el. DIVIDENDS-In 1882 to 1886, inclusive, 8 per cent yearly; from 1887 to January, 1896, both inclusive, at rate of 10 per cent per annU111. EARNINGS.-Surplus December 31, 1894, $435;977. Gross earnings for year 1893, including income from investments, $354,481; net $258,971; dividends, $191,260; l)al., sur., $67,711. J. A. Scrymser President, 37 Wall St., N. Y.-(V. 60, p. 560; V. 61, p. 1065.) Mlcltlgan-Penl11sular Car Co. - ORGANIZATION, ETC. - An Illinois corporation formed in 1892 by consolidation of several Detroit companies, with an aggregate capacity of 100 freight cars a day Business established in 1864. Stock and bonds listed in New York in January, 1893; see application in full in V 56, p. 208. DrvrnENDS.-On common in 1893, 8 p. c. On preferred, from Dec. 1892, to Sept., 1893, 2 p. c. quarterly; in 1895, Nov., 1 p. c. NET EARNINGs.-For year ending Aug. 31, 1895, net earnings were $159,231; interest on firsts. $100,000; balance, Rurplus for year, $59, 231. In 1893-94 deficit under interest, $63,976; in 1892-93 net, $866,691; surplus over int., div. on pref. and 8 p. c. on com. , $206 691. (V. 59, p. '77'8 ; V. 60, p. 1009; V. 61, p. -±72, 10 l l .) Minnesota Iron Co.-Owns about 14,270 acres of land and s1x iron mines in St. Louis and Lake counties, Minnesota: also $500,000 stock and $3,500,000 6 per cent income certificates of Duluth & Iron Range RR. Co.-which see. Also in June, 1893, owned eight large steel steamns costing- over $1,600,000, etc. DIVIDENDS.-ln 1890, 3 per cent; in 1891. 6; in 1892, 6; in 1893, January, 112; April, 1¼ p. c.; none since to Jan., 1895. Offices, Mills Building, N. Y., and Chicago. (V. 61, p. 101 2. National Cordage.-SEE UNITED STATES CORDAGE. MISCELLANEOUS STOCKS AND BONDS. JANUARY, 1896. l MISCELLANEOUS. For explanation of column headings, &c., see notes on first page of tables. INTEREST OR DIVIDENDS. Date Size, or Amount Rate Per When Where Payable, and by Stocks-Last of Par Outstandil;i.g Bonds Value. Cent. Payable Whom. Dividend. --- ---·-· ---· Preferred stock (7 per cent, cum.) $15,000,000 auth .... ..... Mi1tnesota Ir·on Oo.-Stock ................................. Natwnat Lead Oo.-Stock, common, $15,000,000 auth'd,. Debentures .......•........................................ NationalLinseedOil,-Stock (listed in N. Y. in Sept., 1894) .... is94 Debenture bonds, s. f., purchased at par, gold ........ c* National Starchr- lst pref. stock, cum. 8 p. c. ($3,000,000) .. ..... 2d preference stock, cumulative, 12 p.cent ($2,500,0001 ---· 1st mortgage,(for $4,500,000), gold ........•........•.... 1890 New Oentrat Ooai-Stock .................................... ..... New England Telef«hone & Tetegra$/hr-Stock .•.•.. .......... Bonds, 1st and d Series, each 500,000 ....•........... c '89-;90 Bonds, 3d Series, subject to call after April 1,1901,at 102 1891 Bonds, 4th Series,subject to call after Apr~ 1,1902,at 102 1892 Bonds,5th Series,subject to call after A.pril 1,1903,at 102 1893 Bonds, 6th Series, $500,000, not subject to .call .......... 1895 Newport d Oincinnati Bridge.-lst mort. $1,200,000 . .. c 1868 New mortgage, $1,500,000, gold ....... . .•.... . ........ c* 1895 N'ewport News Shipbuilding & Dry Dock.-lst mort ... c*&r 1890 Chesapeak~ Dr;v: Dock & Construction 1st mortgage .... 1887 N'ew Ym·k Biscuit Oompanfi-Stock ($10,000,000) ........ ---First mort, gold, sinking und, not subject to call ..•. c&r 18!ll Consol. mortgage...................................... .... 1894' New York & East River Gas-Stock ($5,000,000 is pref.) . . ---First mortgage ($3,500,000), 01d ...................... c ... 1894 1st consol. mortgage ($5,000, 00), gold ............... c• 189'; New York & East Riv(w 1''e1·ryJ-lFt M., $750,000, gold .... 1892 8 ---- :!100 $16,500,000 See text. 100 14,905,400 See text. 100 14,904,000 7 per an. 1,000 .J an.'95 none 6 100 18,000,000 See text. 100 108,000 6 g. 2,~n9,4oo 8 per an. 100 1,846,800 12peran 100 6 g. 100 3,837,000 1,000 5,000,000 See text. 1,000 10,394,600 See text. 1,000 967,000 6 1,000 500,000 6 1,000 500,000 6 1,000 500,000 6 1,000 450,000 5 1,000 See text. 7 1,000 1,500,000 4¼g. 1,000 2,000,000 5 1,000 600,000 5 100 9,000,000 See text. 1,000 1,341,000 6 g. ------ i:ooo 1,000 1,000 National Lead Company .-ORGANIZATION.-Organized under the laws of New .Jersey on Dec.7.1891, as succes or to the National Lead Trust. It controls 26 extensive plants in different States for the manufacture of white lead and other products. Only $192,000 certificates or the old trust were outstanding December 1, 1895. SECURITIES.-The :preferred stock is entitled to 7 p. c. per annum cu· mulative. Seeeditorialof May,1893,SUPPLEl\lENT, and v. 60, p. 349, Of the debenture bonds none had been issued in .Ttme, 1895. DIVIDENDS.-The new company has paid: On preferred, 1892, to Dec., 1895, 7 per cent yearly (134 p. c. quarterly). On common in 1893, 2p. c.; in 1894, 3jp. c; in 1895, Oct., 1 p. c. ~ee V. 61, p. 517, 1107. ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held on a Thursday in February. The annual statement of the Oompany issued in February, 1895, was in V. tiO, p. 348, and gave the following profit and loss account for the year 1894: Net earnini,rs, $1,212,258, against $1,428,037 in 1893, and $1.906,986 in 1892; dividends, $1,-190,44.2; bal., deficit for year, $278,184, GENERAL BALANCE SHEET DEC. 31, 1894. Assets. Liabilities. Plant investmeut ..... $23,629,023 Other investments.... 425,704 Stock on hand...... ... 4,465,396 Treasury stock........ 190,600 Cash in banks ..... 692,294 Notes receivable. ..... . 220,498 Accounts receivable.. 1,186,562 Capital stock .......... $30,000,000 Surplus Dec. 31........ 672,172 Mortgages.. ........... 12,603 Accounts payable... . . 125,302 I Total. .............. $30,810,0i7 Total. .............. $30,810,077 DIRECTORS.-W. P. Thompson,'E. c. Goshorn, F. w. Rockwell, L. A. Cole, R. R. Colgate, A. P. Thompson, D. B. Shipman, .J. A. Stevens, George 0. Carpenter, .Jr., Edward P. Beale, .Jr., .John H. McKelvy, .J. L. McBirney and R. P. Rowe. OFFICERS.-W. P. Thompson, President; L. A. Cole,Vice-President; R.R. Colgate, 2d Vice-President; .J.L. McBirney, Treasurer; Charles Davison, Secretary. N. Y. office, No. 1 Broadway. -(V. 58, p. 262, V. 60, p. 348,349; V. 61, p. 517, 1107.) National Linseed Oll.-This company, incorporated in 1887 under the law~ of Illinois, acquired all the property of the Linseed Oil Trust, consistfug of the real estate, machinery, patents, etc., of 52 oil works situated in 42 cities of the Cnited States, including Chicago, St. Louis, Minneapolis, etc. Its products consist of raw, boiled and refined linseed oil and oil meal and oil cake-used for stock food ·and fertilizer -and it is said to employ in the manufacture of these from 60 to 70 per cent of the country's annual crop (of ten to twenty million bushels) of flaxseed. Stock listed in N. Y. in September, 1890. See V. 51, p. 348. BONPS.-Debenture bonds for $3,000,000 at 6 per cent were author• ized hy stockholders in February, 1894, to reduce the floating debt and supply working capital. The debenture~ have a sinking fund of 5 per cent per annum after March 1, 1895. V. 58, p. 306. On August 1, 1895, $2,892,000 bonds were held in the treasury. BALANCE SHEET JULY 31, 1895. Capital stock .......... $18,000,000 Realest., mach'ry,etc. $8,984,221 Debenture bonds...... 108,000 Cash in bank......... 825,679 Time loans............ 2,300,890 Bills receivable, etc .. 'l 2 327 629 Current accts. payable 35,631 Stock in trade ........ 5 • ' Balance (good will,patents, etc.).......... 8,306,992 I I -----1 Total liabilities ... $20,444,521 Total assets ....... $20,444,521 On .July 31, 1894 (the year previous), there were: Time loans, $2,218,414; cash in bank, $309,706; bills receivableand stock, $2,400,753. DIVIDENDS.-In 1888, 314 p. c.; in 1889, 4 p. c.; in '90, 4 p. c.; in '91, 2¼ p. c.; then none till Sept., '95, when 1 p. c. was paid. V. 61, p. 325. EARl'ilINGS.-- FiFcal year ends .July 31. Annual meeting on second Wednesday of Feb.ruary. For year '94-95, net earnings were $360,788. DIRECTORS.-Alexander Euston, President; R. D. Hubbard, W. P. Orr, Samuel Thomas, A. C. Abbott, Marcus Simpson, A. 0. Hall, .J. A. Willard, .J.P. Keiser, St,, Louis; T. G. McCulloh, Secretary and Treasurer. Executive offi~es, Old Colony Buildin~, Chicago, Ill. N. Y. Ottlce, 93.97 Wi.lliam Street. -(V. 60 p. 259, 712; v. 61, p. 325.) N atlonal :starch.-Incorporated in February, 1890, under the laws of Kentucky, and owns properties capable of producing from 230 to 240 miUion pounds of starch yearly. The twenty concerns whose plants, trade marks, patents, business and good will it purchased were located ln the States of New York, Ohio, Indiana, Illinois, Iowa and Kansas. The preferred stocks have preference as to principal as well as dividends. Wording of pref. certificates was in editorial of May, 1893, SUPPLEMENT. Annual meeting is held on first Wednesday in February. On Ma.rch 1, 1894, there were in the company's treasury $549,300 common stock, $780,600 first preferred a.nd $653,200 second preferred, and $663,000 first mortgage bonds. No recent report. STOCI<:.-Common authorized, $5,000,000; outstanding, $4,450,700. DIVIDENDS on preferred stock were paid in full until 1893, when the dividend on the second preferred due .July 1 was not paid because competition had been severe and trade dull. On first preferred no dlvidend was paid in Nov., 1893. C•mmon paid in 1891, March, l p. c. DIRECl'ORS.-W. F. Piel, .Jr., President; William Duryea, Chester w. Chapin, Cllarles C. Burns, Secretary and Treasurer; David A. Geraty, John Duryea, Edgar E. Duryea, .James K. 0. Sherwood, Willett H. C. Coles, Albert Erkenbreclter, Clifford B. Wright, Henry R. Wood, John G. Agar, Henry W. Piel, Louis T. Duryea, William F. Piel, Richard Johnson, A. R. Beardsley, Fred M. Gilbert, Chas. Lautz, F. C. M. Lautz. New York offlee, No. 1 Broadway. (V. 54, p. 643; V. 56, p. 247, 1015.) New Central Coal (Md.).-The annual report for 1894, in V. 60, p. 347, showed 151,002 tons mined against 223,503 tons in 1893 and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1-11 Bonds-Prino1 pal,When Due. (1) See text. 3,228,000 1,500,000 750,000 ------ ···-·· 5 g. Q.-.J. Q.:.:.:ru:. ····0) M. & S. M.&N. .J. & .J. M.&N. Yearly. Q.-F. A. & 0. A. & 0. A. & 0. A. & 0. ....... N. Y., Mills Building. N. Y., 1 Broadway. do do -····-···· Chicago, Office. N.Y.Cent.Tr.&St.Louis. N. Y., Office, 1 B'way. do do N.Y.,ChaseNationalBk. New York Office. Boston, 125 Milk St. Boston.Bank of Repub. do do do do do d.o .............. J. & .J. Office, Pittsburg, Pa. .J. & .J. 15.J.&J. I.E. Gates;35\Vall St. .J. & .J. do do Chicago, Ill. . Quar. M.& S. N. Y., Kountze Bros. ..... ..&.. . ......... See text. Oct. 17,1895, Dec. 16.189 5 In 30 years Sept. 16, 1895 Moh. 1, 1904 See text. See text. May 1, 1920 .Jan. 24,1894 Nov.15,1895 Apr. '99-1900 Apr. 1, 1906 Apr. 1, 1907 Apr. 1, 190s Apr. 1. 191 5July 1, 1898 .July 1, 1945 Apr.15, 199 (), Apr. 15, 1987 Apr. 1, 1893. Mch. 1, 1911 ........ 1: .i944 .J. N.Y.Guaran.tyTrustCo . .Jan:. .J. 5 g. .J. & .J. .Jan. 1, 1945, ------ -·-· 5 g, M.&N. Nov. 1, 1922 ---------- 201,428 tons in 1892; net pro1lts for year of $17,337, against $40 ~ 344in 1893, a.nd balance to credtt of profit and loss December 31, 1894, of $144,739. Dividends since 1880-In 1881, 2 per cent; in 1882 and 1883, nil; in 1884, 1 ; \n 1885, nil: from 1886 to 1888 inclusive, 1 p. c. yearly; in 1891, 1 ; in 1892, March, 1 p c. ; in 1893,. Feb., 1 p. c.; in 1894, .Jan., 1 p. c. (V. 58, p. 177; V. 60, p. 347 .) New England Telephone & Telegraph.-This company does a telephone business in Maine, New Hampshire, Vermont and Massachusetts under license from the American Bell Telephone Co. On .January 1, 1895, it had 26,372 stations in all against 25,332 in 1894. STOCKS AND BONDS.-Stock $12,000,000 of which, on .Jan. 1, 1895. $1,605,400 ;tVas in the treasury. The bonds are debentures, but ,ar& to be secured by any mort•Ya"'e placed on the property. On Jan. 1,.. 1895, $33,000 of 1st series 'hati been retired and canceled. The fifth se1-ies is for $500,000. Six:th eries. $500,000, were authorized in 1894 for extensions. In December, U-95, $450,000 had been sold. DIVIDENDS.-Dividends from 1886 to May, 1894, at rate of 3¼ percent per annum, three dividends yearly being for 75 cents, and on& (paid February 15), for $1·25; but in Aug., 1894, paid $1; in Nov., $1; in 1895, Feb., 1 p. c.; May, 1 p. c.; Aug., 114 p. c.; Nov., 114 p. c. ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1894 was in V. 60, p. 834, showing gross earnings $2,172,220; net over inter• est charges were $498,461. In 1893 gross $2,042,749; net, $482,669 -(V. 60, p. 834.) Ne'\Vport & Cincinnati Bridge Co.-Own!'I bridge over theOhio River from Newport, Ky., to Cincinnati, 0 ., 0·73 of a mile long. Bridge open.-d 1872. Capital,.tock (par $100), common, $1,196,900; preferred (entitled to 8 p. o. numulative dividHnds), $927,600, BoNos.-N ew mort. for $1,500,000 of 4¼ p.c. bonds authorized in 1895. of which $1,100,000 used to tetire 1st 7s canceled in 18!:J5 and the balance, together, with about $800,000 from various sources. were to reconstruct the bridge, lengthening the span nearly 100 feet. New stock for $1.500,000 also it,sued, part in exchanize for old preferred; old common to be canceled. V. 60, p. 1059. On June 30. l 892, Pennsylvania Co. owned $1,0l3,400 common, $801,700 preferred and all the outstanding firsts for $1,100,000. EARNINGs.-Foryt,ar ending June 30, 1895, ~ross, $125 ,8 l 2; net, $p5,562; othermcome, $8 Ll; charges, $81,590; bal., surp., $34,778; m 1893·94, net,. $114,081. President, .John E. Davidson, Pittsburg, Pa.; Secretary, S. B. Liggett. Office, Pearl & Butler Sts., Cincinnati, 0. (V. 60, p. 1059.) Newport News Shlpbulldlng & Dry Dock. Co.-Organlzed under an act of Virgmia of .January 28, 1886, as amended February 17, 1890. The stock is $2,000,000. The company owns sixty acres of land with water front, and has large plant, costing $561,954 for the dry dock and crib work, and over $2,750,000 for the other property, as stated to the Stock Exchange. The Chesapeake Dry Dock & Construction mortgage covers the dry dock as a first lien and th& Newport Nows Shipbuilding & Dry Dock mortgage is second to this. See statement to New York Stock Exchange in V. 53, p. 716. New York Biscuit Cornpany.-This company is incorporated. under the laws of Illinois, and owns and leases property in New York City, Chicago, Cambridgeport (Boston), Des Moines, Ia., Denver, Col., &c., 14 cities in all. Bills payable were $477,500 on Dec. 31. 1894;: accounts payable, $100,137. Bills and accounts receivable, $660,856. Dividends from October 1, 1890, to .Jan. 1, 1892, both inclusive, 11 p. c. per annum; in 1892, 4 per cent; in 1893, April, 1 per cent. ANNUAL REPORT.-Report for year ending Dec. 31, 1894, with balanc& sheet, was in V. 60, p. 348. Profits in 1894 (for dividends) were $545, 390 (being equal to 6 l · l O p. c. on the stock; in 1893, $411,910; in. 1892, $548,359; in 1891, $453,161. OFFICERS-President, William H. Moore; Treasurer, G. P . .Johnson, 10th Ave. and 15th St., N. Y. City. Main office, American Express Building, Chicago, ill. (V. 60, p. 348.} New York & East River Gas Co,-Incorporated under the laws or New York in .January, 1894, to supply gas in New York City through tunnel 2,541 feet long from Ravenswood, L. I., under East River to East 71st St., N. Y., completed in .July, 1894. Gas turned into tunnel in Oct., 1894. In March, 1895, the company had about 50 miles. of mains laid in N. Y. City and 4,400 meters set up, and about 35 miles in operation in Long- Cs land City. Work on 50 miles more in N. Y. City will be pushed rapidly. STOCK authorized, $2,000,000 preferred and $5,000,000 common~ Outstanding in .July, 1894, common, $4,705,750; preferred, non·cumulative, 6 p. c., $668,250; trustee, N. Y. Guar. & Iodemuity Co. Th& consol. mortgage is for $5,000,oOO, of which $3,500,000 reserved forprior b?nds and ba!_a,nce for extending mains, etc_. Trustee, Knicke~bocker :rrust Co., .N. Y.-V 60, p. 349. R. T. Wilson, President, 32 Liberty St., New lork. See V. 5~, p. 116, 191,742; V. 60, p. 349. New York & East River Ferry -Owns the "Astoria" Ferry between Long Island City al"d New York and has three ferryboats~ Mortgage trustee is Knickerbocker Trust Co., New York. New York & Ne., v Jersey Bridge Co.-Charter obtailrnd in 1894. Or~anized to build a suspension bridge across the Hudson Riverfrom between 59th :tnd 69th Sts., N. Y. City, to New .Jersey. See partial description in V. 60, p. 1010. Plans approved by U. S. SecretaI'Y' of War in June, 1895. Bridge to have head way of 150 feet ahov& high water. See Board of Engineers' estimate V. 59, p. 7 1. President • .James S. Clarkson. Secretary, C.H. Swan. Office, 214 Broadway, N. Y~ DIRECTORS-Elected November, 1895: ,Tames S. Cla1kson, Des Moines, Iowa; .John S. Runnells, General Counsel Pullman Company .. Chicago; Wm . .J. Latta, Philadelphia: Daniel N. Lockwood, Buffalo; Louis Windmuller, NewYorl{; Frederick Potter. Potter Building, New York; CharleR A. Smylie, New York; William Bell, Produce Exchange. New York; William H. Ely, New York; Lorenzo Duncan, .John Loughran and Charles H. Swan, Brooklyn; .John C. Adams, Newburg, (V. 59. p. 781, 1058, 1141; v. 60, p. 432, 1010, 1059; v. 61, p. 925.) INVESTORS' SUPPLEMENT. 142 I_VOL, LXII. Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables. Bonds -Pr1no1 MISCELLANEOUS. INTEREST OR DIVIDENDS. Date Size,or Due . Amount Rate per When Where Payable, and by pal,When Par Stocks-La.st For explanation of column headings, &c., see notes on of Outstanding first page of tables. Bonds Value. Whom. Cent. Payable Dividend. JN. Y.Mutual Tel.-Mutual Un. Tel. 1st M., i,gu., not dr'n. c -New York d: New Jersey Telephone-Stoc , $3,500,000 ... Gen.M. (nowlst) $1,500,000,g. ,s.f.$20,000 y'rly ,not dr.c* N. Y. cf: Ontario Land-lst·M., $600,000,g., red. at 110.c* N. Y. d! TexasLand(Limited)-Stock ................ .. .. - .. Niagara Falls Powe1· Oom!.any-Stock for $10,000,000 .. 1st mortga~e for $10,00 ,000, old ...•...•.......... c&r North American-Stock for $50,0 0.000 ......•............. Promissory collateral notes, subject to call at.par, gold. Northwest Eqwipment-Stock ................................ Northwestern Tet.-Stook,4risingto 6 p.c., guar. West.Un. 1st mort., sink. fund, bonds not drawn, interest guar. ON -Ohio Falls Oar Manufacturing Oo.-Common stock ..•... Preferred stock, 8 per cent, cumulative,Jold ........... 1st M .. gold, $20,000 per an., subj. to ca at 105 ... o*&r -Vregon l~{tEovement Oo.-Stock, common .......•......•.. Preferre stock issued in 1888, 7 p. c., non-cumulative. 1st mortgage, gold, sink. fund 1 p c. yearly. See text Consolidated mortgage for $15,000,000, gold ......••. c" d'acijlc Mail Steamship-Stock ...................... _.•.. .. ,Pennsylvania Canal-Gen. M., $5,000,COO, int. guar... c* Pennsylvania Goal-Stock .................................. ..Pennsylvania Steel Oo.-Common stock, $5,000,000 . ..... Preferred stock $1,500,000, noll-curoulative ........... Old Pennsylvania Steel 1st mortgage, currency. . ...... r Maryland Steel 1st mortgage, currency .. .... . .... ..... r 6 ---· ---1881 $1,000 $1,957,000 100 3,000,000 100 1,289,000 570,500' 500 50 1,500,000 100 2,709,000 500,&o. 4,613,000 100 39,733,600 2,200,000 3,000,000 50 2,500,000 500 1,180,000 100 400,000 100 800,00Q. 1,000 580,000 100 7,000,000 .... 100 321,800 1,000 4,071,000 1,000 1889 6,755,000 100 20,000,000 2,534,0{)0 1,000 50 5,000,000 .... 100 4,750,000 ·--100 1,500,000 ---t,000 1887 1,000,000 1,000 1892 2,000,000 ·-· · 1890 1890 ---· isoi iso5 ---· is74 .... iso2 .. ioo isso isfo Ne-w York. & Ne-w Jersey TeJephone.-Operates telephone llines under perpetual license from the Bell Company in Staten IRland, Long Island (including Brooklyn), in New Jersey in counties of Bergen, Essex, Hudson, Middlesex, Monmouth, Morris. Passaic, Somerset and 'Union. Its total subscribers on Jan. 1, 1894, were 9,671 (of which 4,775 in Long Island), against 9,418 on Jan. 1, 1893, and 9,044 in 1892; revenue from toll messages in 1893, $216,091. STOCK.-In February 1894, increased from $2,535,000 to $3,500,000 BONDS.-General m01·tgage of 1890 is now a fi?'st lien on the property. the first 6s having been redeemed in March, 1895. Generals for $125,000 and $500,000 of stock were held on treasury on April 1, 1895. for improvements, etc. Trustee gen. mort., Atlantic Trust Co. .Bills payable Dec. 31, 1894, $70,000; real e~tate mort~ages, $114,500. .DIVIDENDS.-'l 1892. 1893. 1 894. 1895. 1896. Per Cent. 5 6 6 7 7 (l extra.) Below. In 1896, Jan., 212 p. c., of which 1 p. o. was extra. EARNINGS.-In year 1894 gross earnings were $1,252,50~. a~a.i nst 1,183,832 in 18~3; net over expenses, $447,942. against $46-l,791; interest and taxes, $103.028; dividends, $190,189; balance, surplus, $154,724, against $215,275 in 1893. (V. 59, p. 880; V. 60, p. 562.) Ne-w Yo1·k & Ontario Land Co,-Organized in 1889 lninterest of New York Ontario & Western RR. Co. to acquire anthracite coal lands in the Lackawanna Valley, "aj!"gre~ating about 855 acres," and ,estimated to contain at least 7,000,000 tons of coal. The coal is leased to the New York & Scranton Coal Co., minimum production to be -300,000 tons yearly, and is all hauled by the N. Y. Ont. & W. Bonds :redeemed, $29,500, sinking fund being 6 cents per ton of coal mined. See V. 50, p. 105. Niagara FalJ s Power Company .-Organized in 1886 and un• •<ler special acts of New York State has authority to use the water of Niagara River for developing power at Niagara Falls, and also to --transmit any power, heat or light developed from such water to practically any point in New York State. Its hydraulic works with a cap· :.aoity of 100,000 horse power, have been constructed and include the building of 7,000 feet of tunnel, witb. intake canal, wheel•pits, etc. The -company has 1,071 ·27 acres of land. The tunnel was first used January, 1894, 3,300 horse-power bP-in,:r furnished. 15,000 electrical horse-power is bein~ installed and one of the 5,000 h. p. dynamos was in successful ,operation in July, 1895. (V. 61, p. 69.) See editorial V. 61, p. 46. STOCK.-Niagara Falls Power Co. stock, authorized by charter $10,-000,000. Amount authorized by stockholders $3,000,000. Issued April 1, 1895, $2,709,000. BONDS.-Mortgage trustee is Central Trust Company. Coupon bonds are for $1,000 each and have interest payable J. &J. Registered bonds are $500, and draw interest Q.-J. Mortga2'e covers 1,071 iacres of city property, tunnels, franchises, rights-of-way, etc. In April, 1895, $4,613,000 bonds had been issued. Office, 15 Broad Street, N. Y. City. - (V. 57, p. 723,809; V. 58, p.178, 1035; V. 61, p. 46, 69, 558.) North American Oompany .-0RGANIZATION.-0rganized in 1890 1Under laws of New Jersey, as successor to the Oregon & Trans-Conti· ·nental Co., to engage inrailroadfinancie1hg and the promoting of electric light and power companies. The bush..ess has thus far been mainly ,confined to street railway and electric enterprises. MILWAUKEE STREET RAILWAY AND ELECTRIC LIGHTING.-The Milwaukee Street Railway Co. of New Jersey (of whose stock for $5,000,· -000 the N. A. Co. on May 31, 1895, owned $2,861,700) owns the entire capital stock of the Mil. St. Ry. of Wisconsin, which in turn owns the entire system of street railways in Milwaukee. 129 miles, and has ..exclusive franchise for distributing electric light and power in Milwaukee. On May 31, 1895, the No. Am. Co. owned $5,182,000 of ·the Milwaukee Street Railway Co. 5 per cent 30•year consolidated .mortgage gold bonds and $1,275,000 (all) the seconds. In July, 189~ the Milwaukee Street Ry. was being reorganized. (V. 60,p. 929.) :See l::iTREET RAILWAY SUPPLEMENT. CINCINNATI EDISON ELECTRIC COl\lPANY.-This company, has Be• .cured the contract for the public lighting of the entire city of Cin-cinnati for eleven years and with it a valuable franchise for commercial ,lighting for the term of twenty years. The report for 1894-95 Jltates that 1,482 city lamps were inst~lled and the to~al current is now .equal to 55,000 lamps 16 c. p. It is proposed to raise the capacity of the plant to 100,000 lamps of 16 candle power. CAPITAL STOClC-The North American authorized capital is $50,000,000, of which only $40,000,000 has been issued, this having been ex . changed, share for share, for stock of the Oregon & Trans-Continenta( PROMISSORY NOTES.-The $2,200,000 notes dated May 1, 1895, are secured by deposit of Milwaukee Street Ry. securities with Central Trust Co. as trustee, and are redeemable at company's option at par. ANNUAL REPORT.-Fiscal year ends May 31. Annual meeting ls held in Jersey City on third Wednesday in June. Report for 1894-95 was ·in V. 60, p. 1102. No income account is given, only the following statement of May 31, 1895: AsSETS.-Milwaukee Street Railway 1st and 2d. M. bonds (at par), $6,457,000, and stock,$2,861,700; Cin• cinnati Edison Elec. stock, $382,733; other stocks, etc., valued at $88,479 ; notes and accounts receivable, $487,818 ; cash, $170,537; total assets, $10,448,267. LIABILITIES.-Promi ssory notes , $2,200,. 000; accounts payable, $17,980; interest, $11,000; total, $2,228,980; excess of assets, $8,219,287. DIRECTORS.-Edward Q. Keas bey, John I. Beggs, c. w. Wetmore, s. w. Burt, J. Hobart Herrick, D. 8. WeO'g, G. R. Sheldon, Edward Edes, Henry C. Payne. President. C. W. Wetmore; Secretary and Treasurer, Edward Edes; New York Office, 15 Broad St. (V. 58, p. 866, 1072; v. 60, p. 562,873,929, 1059, 1102, 1105. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 g. M. &N. See text. Q.-J. 5 g. M.&N. 6 g. F. & A. -·--· (1) -----5 g. .. &.. J. N. Y., West. Union Tel. Brooklyn, 16 Smith St. N. Y., Atlantic Tr. Co. N. Y., Central Trust Co. N.Y.,J.S.Wetmore2Wall May 1, Jan.15, May 1, Feb. 1, 1911 1896 1920 1910 (I) N. Y. Mills Building. Ja.:ii:"i",-·i932 M:·&··N. Q.-J. J. & J. J. & J . yearly. Q.-J. A. & 0. New York. N. Y., Hoyt, 36 Wall St. N. Y., West. Un.Tel.Co. do do N.Y., Maitland, Phelps. Jan. 2, '95, paid 2 p. c. N.Y., Maitland, Phelps. M.& 8. J. & D. 5 g. A. & 0. See text 6 .J. & J. l6p.am1 Q.-F. N. Y.Of.,22 William St. N. Y., Farm. L&. Tr. Co. Apr. '95, coup. last paid. Nov." 1," .i896 Oct. 4, 1895 July 2, 1895 Jan. 1, 1904. July 24, 1893 Jan. 2, 1895 Oct. 1, 1922 Aui, 1, 1890 Mc . 1, 1893 Dec. 1, 1910 Oct. 1, 1939 Sept. 15, 1887 July, 1910 Nov. 1, 1895 -----6 g. 6 See text. 7 See text. 8 g. 6 g. ....... J. ...6.g. ---·· ---------- --------·· Phila., 233 So. 4th St, New York, 1 Broadway. ...... ·-··· ·········· 5 M: ·&·N. F. &A. Philadelphia Office. do do -----5 ······-· Nov: · 1,--i917 Feb. 1, 1922 Oregon Improvement Company.-This company controls the Paoifto Coast Steamship) Company (owning its entire capital stock) and operates five steamship lines running between San Francisco . Portland, Victoria, Sitka, Fort Bragg, San Diego, &c. Also owns all the securities of the Columbia & Pu~et Sound Railroad (narrow gauge), Seattle to Franklin, etc., with sidings, 57 miles, and its New Castle mine.; the Pacifto Coast Railway (nan·ow gauge), Port H _a rford, Cal., to Los Olivos, 80 miles; the Seattle & Northern Railway Anacortes to Hamilton, Wash., 36 miles; the Port Townsend Southern RR.; Port Townsend to Quilcene, Wash., 28 miles, a:tH1 Olympia to Tenino, Wash., 15 miles; operates the Franklin Coal Co. owning the Franklin mine, with 3,050 acres coal lands at Franklin and 2,083 acres at New Castle. See editorial V. 60. p. 954 . DEFAULT.-Consol. coupons due Oct. 1, 1895, were not paid and O. J . Smith of c:!eattle was appointed receiver Oct. 4, at request of W. H. Starbuck. See V. 61, p. 612. Interest due December 2 on 1st 6s was paid. (V. 61, p. 968.) Foreclosure proceedings under consolidated mortgage have been begun by the Farmers' Loan & Trust Co ; :trustee. REORGANIZATION COMMITTEES. -Fi1•st ]l01•tgage Bonds.-Oonsols.Stoclc: John I. Waterbury, T. Jefferson Coolidge, Jr., Edwin S. Hooley, J. S. Bache, E . Rollins Morse; depositary, Manhattan Trust Co., N. Y., or Oid Colony Trust Co., Boston. In November, 1895, it was thought no plan would be fin ally formulated for some months. (V. 61, p. 662, 872.) Oonsols.-Stoclc: Henry Hentz, Stuart G. Nelson, Francis Peabody, B. F. Tracy, E. L. Oppenheim; depositary, Farmers' Loan & Trust Co., N. Y. V. 61, p . 662. BoNDS.-Under consol. mortgage for $15,000,000 trustee is Farmers• Loan & Trust Co. The first mortgage bonds are subject to call for the sinking fund at par if not purchasable at 106. See V. 56, p. 14::l. E.ARNINGS.-10 mos., 'l 1894-95 ..... Gross, $2,687,201; net, $305,466 Dec. 1 to Sept. 30. 51893-94 ..... Gross, 3,127,043; net, 536,365 ANNUAL REPORT.-Fiscal year ends November 30; Report for 1893•94 with balance sheet, was in V. 60, p. 430. In 1894 of the net earnings, before deducting taxes, there was derived from steamships $428,501; from the coal department $145,888; from railroads $170,216; from real estate, etc., $13,545; total, $758,150. Year ending Nov. 30.-1894. 1893. l 892. Gross sarnings of all companies .. $3,758,403 $3,898,418 $3,891,975 Net over taxes and gen. expenses. 697,455 747,064 759,948 Income from investments, &c.... .• 16,702 16,937 25,370 Netincome ... -···-··········-···-·$714,157 Interest on bonds .......•.....•....... $569,840 Otherinterest,&c.-·······-··········· 54,996 Sinking fund.......................... 50,000 $764,001 $575,100 59,773 50,000 ---- ---- $785,318 $580,620 65,726 50,000 ----- Balance surplus.·-··-·········-····· $39,321 $79,128 $88,972 - (V. 60, p. 930, 954, 1106; V. 61, p. 27, 569, 611, 662, 872, 968, 1013, 1155; v. 62, p. 41, 85.) Pacific Mall Steatnshlp.-The trans-Continental railroads gave to this steamship Co. a subsidy of $75,000 minimum J,Jer month, but this was discontinued in 1892, necessitating a terminat10n of the arrangement with the Panama RR. Co. An agreement made with the Panama RR. in December, 1895, for 3 years provides that the Pacitto Mail should receive 45 per cent of through business and the Panama 55 per cent. (V. 61, p. 1108.) No dividends si_n ce 1887. BONDS.-A mortgage for $5,000,000 was created, but in nee., 1895 no bonds had been issuPd, and it was said the bonds authorized would be canceled. v. 59, p. 651. On Oct. 31, 1895, current liabilities were $188,664; current assets, $716,361. EARNINGS.-7 mos ., 51895 ........ Gross, $2,517,669; net, $498,066 May 1, to Nov. 30. 'l 1894 ........ Gross, 2,305,769 ; net, 463,924 For 6 months ending Dec. 31, 1895, gross was $2,008,252, against $1,750,304; surp. over all charges, ~348:917, agst, ~308,692 in h!94. ANNUAL REPORT.-Fiscal year ends April 30; report for 1894•95 was given at length In CHRONICLE, v. 61, p. 25, 29, showing: 1892. Year ending .A.pr. 30. 1895. 1894. 1893. A.tlantio lines ....•.......•.. $223,829 $170,839 $688,389 $684,870 Panama lines ..... ..•....... 2,105,435 1,730,845 2,032,152 2,363,613 1'rans-Paciftc line .... ....•. 1,362,437 1,498,410 1,235,224 1,082,936 103,000 Subsidies ...... . . ........... 80,000 69,487 27,733 25,729 Interest and dividends..... . . . . . . . . . . . .. . . . 24,180 149,114 Miscellaneous .............. 316,171 364,512 110,795 Total earnings . . ...... $4,087,872 $3,834,093 $4,118,473 $4,409,262 E;g-penses .... - ..........•... 3,375,240 3,358,632 4,175,215 3,688,055 Net earnings····-····-· $712,632 $475,461 def.56,742 $721,207 DIRECTORS AND OFFICERS-Henry Hart, Isaac E. Gates, Calvin s Brice, Samuel Thomas, Joseph Richardson, Geo. J. Gould, Russel, Sa~e; Collis P. Huntington, PreEj_ident; R. P. Schwerin, Vice-President; William H. Lane, Secretary; Jos. Hellen, Treas ., Mills Building, N. Y. (V. 59, p 651, 1008, 1104; V. 60, p. 607, 837,_966; V. 61, p. 25, 29, 569, 795, 1013, 1108; v. 62, p. 8 2. Pennsylvania Canal,-Worked in interest of Pennsylvania RR., which guarantees interest on bonds and owns $3,517,150 of ·the $4,501,200 stock. Matured gen. mort. coupons unpaid by thii;i company Dec. 31, 1894,were$1,103,640. Earnings in 1894, gross, $83,974; deficit under operating expenses, $12,235; other income, $0,203; interest charges, $lf'i4,184; bal., deficit for year, $160,216. In 1893"'gross, $118 850· net, $30,650. JANUARY, 1896,] 143 MISCELLANEOUS STOCKS AND BONDS. Bonds-Princt INTEREST OR DIVIDENDS. MISCELLANEOUS. Due. Date Size, or Amount Rate per When Where P~able, and by pal,When Stocks-Last Par Outstanding For explanation of column headings, &c., see notes- on of Bonds Dividend. Value. Cent. Payable om. first page of tables. ---- Pennsylvania Steel Co.-(Concluded) Sept. 1, 1925 6 g. M.& s. Philadelphia Office. Consol. joint mor~age, $7,000,000, gold . . - -... - -. . - - .c* 1895 $500&0 $3,300,000 .Nov. 1, 1919 1,000 1,254,000 6 g. M.& N. See text. Peoria Water-1st ., g., red. aft. Nov. 1, 1899, at 105_0* 1889 50 7,500,000 See text. Q.-J. Pittsburg,820 Penn Av. July 1, 1895 Philadelphia Oompan11-(Natural Gas) Stock-----·---·---· 1,000 56,000 6 J. & D. N. Y. City, Mero. Tr. Co. Dec. 1, 1898 1st M., s. f., $250,000 yearly, not drawn.---···--··· c• isss 45,000 . ........... Purchase money mortgage ......... _. -. . . ................ .... ··---· Feb: ·i5: "i893 3,000,000 se"e.iext. F...&..A. 100 P. Lorillard Oo.-Common stock·- · ························ .... ·Magoun. Jan. 2, 1896 100 Pref. stock, 8 p. c., cum., pref. as to assets and earn'gs. .... 2,000,000 8 p. ann. Q.-J. N. Y., 100 15,000,000 Postal Telegraph Cable Uo.-Stock, $15,000,000............ .... Procter <f: Gamble.-Common stock __ ....................... .... 100 2,250,000 se·e·text. Yeariy. N. Y., A. M. Kidder & Co. Aug."i5","i895 100 2,250,000 8 p. ann. Q.-J. do do Jan. 15,1896 Pref. stock (8 :p.c., cum.). See terms in ed.May,'93, SUP. 1,000 2,000,000 1st M., g., subJect to call at 110 after July 1, 1900 .... c* isoo 6 g. J. & J. N.Y.,MercantileNat.Bk July 1, 1940 Pullman's Palace Oa1·-Stock._ ... -......................... 100 36,000,000 8 p. ann. Q.-F. N. Y., Farm. L. & Tr. Co. Feb. 15, 1896 Quicksilver Mining-Common stock __ ... . .. _... _....... -. .. ··-· June 1, 1882 100 5,708,700 See text. ..... . ........ . . N. Y., Of., 20 Nassau St. June 2, 1891 100 4,291,300 See text. Preferred stock, 7 ser cent, not cumulative_ .......... -.. J_..&.. J. Boston. Jan. 1, 1896 .... 1,750,000 10 p. an . jraincy RR. Bridge o.-Stock ..... - ·· ·-- -···· · ···· · ········ ··ioo ilway Equipment Oompa,ny of Minnesota.-Stock_ . . . . 996,500 6 per an. M.&N. New York & London. Nov. 1, 1895 ....... 1901 1st Mortg., gold, $50,000 red. ye'rly in Nov. at 100 __ ··· is9i 615,000 6 g . J. & D. N. Y., Maitland, Phelps. 1,000 (1) Nov. 1, 1944 .Rapid Transit Ferry-1st M., gold, red. after 1904, s. f . c* 1891 5 g. M.& N. New York. 1,000,000 Q.-J. Co.'s Office, Providence Jan. 15,1896 Rh-Ode Island Perkins Horse Shoe-General (com.) stock .. .... 100 10 100 1,750,000 Q.-J. Jan. 15,1896 7 do do Preferred, 7 per cent cumulative.·-·······-·· ............ .... (1) Rocky Forlc <f: Coolc City Rai lw ay <f: Goal-Trust certfs .... 100 2,345,000 (1) St. Paul, Minn. : 8ioux Uity <f: St. Paul.-Land grant mortgage _.....•...... is1i Not fixed. 500 576,500 See text. M:·&;·N. 25 559,525 5 per an. A. & o. N. Y., West. Union Tel. Oct., 1895 Southern" Atlantic Teleg1·aph-Stock (guar. 5 per cent) .. ··•· B()Uthern Cotton Oil-Stock (see text) . .... -.......... . .... .... 50 2,000,000 See rt\m. ·-- ·· From Camden- bych'ck June 15, 1895 50 Soutll Yi tba Water Co.-Stock ..... _. ·-- - -· ... - -· · ·-- ·- ·-- - -· ·-- 2,000,000 I .... ·· -·· ········ ·· Apr:· .i910 1st mort,ga,ge bonds ....... . . .. .. __. .. . _. . . .. .. __ . . _........ 1890 1,000 . ..... .. .. .. 522,000 6 A. & O. Baring,- ---· ---- --------· 1; Pennsylvania Coal.-Dividends since 188i-.!!'rom 1882 to Aug. j N. Y. office, 15 Broad St. (V. 59, p. 28, 291, 697, 7I7, 73'7, 741; V 1895, inclusive, 16 per cent per an. lo Feb., 1894, paid4 per cent extra 60, p. 1010; V. 61, p. 612, 74'7; V. 62, p. 139.) Pennsy]vania Steel Co.-Chartered in Pennsylvania in 1895 to Q,ulcksllver .Mtnlno-.-Owns quicksilver mines at New Almaden, m anufacture Bessemer pig iron, steel, etc. The company owns eight Cal. The preferred stock is entitled to 7 per cent per annum, nonblast furnaces, with an annual capacity or 558,000 tons pig iron; a cumulative, and any surplus goes to the common and preferred equally. rail mill, capacity 4 80,000 tons and for 165,000 tons boiler steel, The following table shows the result of operations of this company beams and other products, and a ship-building and a brid~e-building at different periods, the total quicksilver production of California plant, including plant at Steelton, Pa., with annual capa01ty of 175,- having decreased from 33,760 flasks in 1887 to 22,904 fl.asks in 1891 -000 tons; Bessemer Steel Work:s, capacity of 350,000 tons, and the Flasks Quicksilver, Value Total Total Maryland Steel Co. plant at Sparrow Point, near Baltimore, having Year. produced. value. perfl.ask. earnings. profit. annual capacity of 300,000 net tons standard section steel rails. $774,38916 $38 72 $825,793 $345,411 A reorganization in 1895 under laws of Pennsylvama of the old 1887...... . ... 20,000 620,007 96 51 66 688,010 281,535 Pennsylvania bteel and Maryland Steel companies.-V. 60, p. 873. 1890. _.. _. _... 12,000 :.~~:.··-··· · ··· ~.200 324.71819 39 60 341,179 def.57,523 Company owns a half interest in the Juragua Cuban iron mines. 1892......... . 5,000 179,022 00 35 81 192,315 def. 74,273 BONDS.-Consolidated,ioint m01·tgage (Girard Life Insurance Annuity DIVIDENDS.-On common, in 1881, 2 14 per cent; in 1882, 25; nothing & Trust Co. of Philadelphia, trustee1 i s for $7,000,000 of 6 per cent gold bonds iaecured by a mortgage upon the plants of the Pennsylvania since. On preferred-In 1881, 914; in 1882, 6; in 1883, nil; in 1884, 3; in 1885, nil; in 1886, 2¾; in 1887, 3; in 1888, 6¾; in 1889, 3; in Steel Compa ny at Heelton, Pa., and the M aryland Steel Company at Sparrow Point, Maryland, and by the deposit of all of the $1,000,000 1890, February, 3, 112; May 1, 112; August 1, 112; in 1891, Jan. 2, stock of the Maryland Steel Co. and $697,500 of the $1,500,000 capital 112; June 2, 114. New York office, 20 Nassau street. stock of the Juragua Iron Company. Consols for $3,000,000 are Quincy KR. Bridge f"o.-Owns bridge 1 ·43 miles long over the re erved to retire th e prior liens. Interest on consols, if not earned, Mississippi River at Quincy, Ill. Leased Jan. 1, 1869, for 100 years to is p::.yable in scrip for first three years from Sept. 1, 1895. C. B. & Q., Toledo Wabash & Western (now out of existence) and Ran. OFFICERS.-In October, 1895, the management of company was in nibal & St. Joseph railroads at annual rental of $175,000, which bands of the reorganization committee, also acting temporarily as equals 10 per cent on the stock. directors. President, Effingham B. Morris; Secretary, Ellen F. BarRailway Equipment Company of Itllnnesota.-Owns equipker: Treasurer, Edward Smith. Directors - Effingham B. Morris, N. ment costing over 4$1,500,000, which is leased to the )Chicago St. P. & Parker Shortridg e, John B. Gest, Georg e Philler, Howland Davis, Kansas City Railway Company at a rental which is to be more than Alfred E a rnshaw and Luther S. Bent.-(V. 59, p. 601; V. 60, p. 712, sufficient to pay the interest on the bonds, to retire $50,000 bonds 873, 1106; v. 61, p. 69, 326, 472.) yearly at par and to redeem the balance of the issue at maturity in PhUadeJphla CoDlpany .-In 1887 the Chartiers Company was 1901. Lessee is to keep the property in repair. Stock paid in $996,500. leased for 99 years. The Philadelphia Company controls the natural Divide:i::tds in N. Y. paid at Maitland, Phelps & Co.: 3p. c. paid Nov., .~ as production about Pittsburg and vicinity, owning or leasing over 1892; m 1893, 3 p. c.; 1894 6 p. c.; in 1895, May, 3 p. c.; Nov. 3 p. c. 50,000 acres gas territory and over 700 miles of pipes. Extensions of -(V. 61, p. 151.) -65 miles into West Virginia gas fields were under way in Sept., 1895Ka pid Transit Ferry .-Operates ferry from Whitehall Street, N. -see Philadelphia Gas, V. 61, p. 517. Y., to St. George, Staten Island, acquired in 1894 from Staten Island Under a percentage agreement of May 1, 189:5, the $1,000,000 Penn- Rapid Transit Cowpany . .sylvania Natural GaA stock is to receive one-half of one per cent diviSTOCK AND BONDS.-Capital stoclr, $1,000,000. The first mortgage dend for each one pe1· cent paid to tht, Philadelphia Co. stockholders. is for $1,000,000; trustee, Mercantile Trust Co., N. Y. Sinking fund, ANNUAL REPORT.-Report for 1894-95 was in V. 60, p. 926. $50,000 per year. All bonds are redeemable on any interest period on DIVIDENDS.-ln 1892 paid 414 p. ct.: in 1893, 414 p. ct.; in li-94, 5 p. and after June 1, 1904. ,ct.; in 1895, Jan., 1 p. ct.; April, l p. ct.; July, 1 p. ct.; Oct., none. (V. Rhode ls]and•Perkins Horse Shoe Company.-ORGANIZA· ~O, p. 926; V. 61, '{), 517.l TION.-Manufactures horse shoes and toe calks at Valley Falls, R. I., 6 P. Lorll1ard Co01pany.-J:ncorporated under laws of New Jer- miles from Providence. Commenced business in 1874 and mcorporated sey July 1, 1891. Consolidation with the American Tobacco Co. was as a joint-stock company July, 1891, under laws of New Jersey. In mooted in July, 1895. V. 61, p. 67. Dividends on preferred from 1892 1895 was incorporated under laws of Rhode Island. V. 61, p. 1,014. t o 1895, both inclusive, 8 p. c. per annum; in 1896, Jan., 2 p. c.; On STOCK.-After 7 per cent per annum on cumulative preferred, comcommon in 1892, 10 p. c.; in 1893, Feb., 5 p. c.; in Au~., none. For mon receives up to 10 p. c., then both share pro rata: year1891-92 net profits applicable to dividends were $4l:16,313; paid D1vIDENDS.-On preferred 7 per cent per an. On common, in 1892 ,on preferred, $160,000; on common, $150,000: balance, surplus, $186,313. Main office, Jersey City, N. J. Baring, Magoun & Co., Transfer 1212 p. c.; 1893 to Jan., 1896, 10 p. c. yearly (212 p.c. quarterly.) Agents.-(V. 61, p. 67.) EARNINGS.-ln year ending June 30, 1894, net over all expenseR, $225,· Postal Tele ...raph Cable,-This company ts successor to the 816; surplus after dividends, $3,316. In 1892·93 net, $311,418; in Postal Telegrapii'. Company and Postal Telegraph & Cable Company. '91-92, $316,902. For years 1887to 1891, inclusive, net earns. averaged Stock in 1895 was increased $5,000,000 (to $15,000,000). V. 60, p. $262,654 73. Accumulated surplus June 30, 1894, $186,637. Stock .563. On June 30, 1892, when stock outstanding was $8,600,000, there listed on N. Y. Exchange in December 1892 . was funded and floating debt of $2,399,178. In Jan. 1893, the ComDIRECTORS.-F. w. Carpenter, R. w. Comstock, a. H Perkins, G. P. mercial Union Telegraph Company's lines were leased for 99 years at 6 Wetmore, G. L. Hoyt, E. C. Larned, F. E. Perkins. President, F. W. per cent on stock. -in 1894 the property of the New Jersey Postal Tel. Carpenter, Esq., Providence. R. I. Transfer Agents, Maitland, Phelps <Jo. was purchased. In 1895 the new Standard Telephone was said to & Co., New York. V. 55, p. 1036. V. 61, p. 1014. have come into close relations with thi.s company. In 1894 gross earnRocky Fork & Cook City Ka1lway & Coal Trnst.-This ings, $3,754,233; net, $596,581. A. B. Chandler, President, N. Y. (V. trust, organized in the interest or the Northern Pacifl.c Railroad Co., ~o. p. 432, 563; v. 61, p. 70.> owns coal mines at Red Lodge, Montana. It also formerly owned the Procter & Gamble Co.-Formed in 1890 under laws of New Rocky Fork & Cook City RR., Laurel, on the N. P. RR., to the mines, 45 Jersey to carry on the soap, candle, oils and glycerine business of miles, which it sold to the Nor. Pacific. The Nor. Pacifl.c contracted to Procter & Gamble. The mortgage covers about 67 acres of land ad0 1 2 t~~, st~Ji~r j~~ia~!t! di~~~~~d !~~~ ljoining the city of Cincinnati, together with the 29 factory buildin•7 s i~c:as:e~ tt!i°J~Jn~°v~ r thereon. Of the common stock $1,000,000 is not to receive dividen8s equal two-thirds of the sum so applied should be used to purchase until 12 per cent has been paid on the remainder of the common. the trust certificates, if obtainable at or below par. The certificates DIVIDENDS ...•............ °P891. 1892. 1893. 1894. 1895. have thus been reduced from $4,000,000 to the present figure. In year 1892-93, 142,349 tons of coal were shipped from the mines. On common ........... . .... 5 8 12 12 12 12 Sliver Bullion Certificates. - The silver bullion certificates EARNINGS-For year ending June 30, 1894, net profits' were $688,008 (against $651,360 in 1892-93); d educt interest on bonds, $120,000; dealt in on the N. Y. Stock Exchange represent each 1,000 ounces of -dividend on preferred stock, $180,000; dividend (12 per cent) on fine silver bullion deposited with the Mercantile Safe Deposit Co. of New -common, $270,000; balance surplus, $118,008; total surplus fund July York City, and are each subject to a storage charge of one cent per day, l, 1894, $450,029. Office, Cincinnati. (V. 57, p. 376 ; V. 59, p . 291. l Sioux City & St. Paul Land Grant.-The bonds above were all Pulbnan's Palace Car Co.-The stock has been increased ft Jm that remained on Mar. l,'94, of an issue originally $2,800,000. On Dec. ~8, '93, coupon number 19 was paid. The bonds are secured on a specifl.o time to time to provide new capital, as wanted. (V. 56, p. 669). Surplus July 31, 1895, $26,792,958. It has been proposed to capitalize body of lands, and principal and interest are payable only from land -some p art of this surplus. V. 61, p. 612. As to Central Transporta- sales. A. M. Drake and A.H. Wilder, trustees, St. Paul, Minn. tion Co. suit agains t Pullman Co. to recover rentals. s ee V. 62, p. 139 Southern Cotton Oil.-A New Jersey corporation owning eight DIVIDENDS since 1876-From 1877 to 1 880 inclusive, 8 per cent; from crushing mills in the South with an aggreg ate capacity of 1,8 25 tons of 1881 to 1883 inclusive, 912: from 1884 to Feb., 1896, 8 p. ct. yearly. seed per day; also owns 5 refineries, etc., valued April 30, 1895, at $3,REPORT.-Fiscal year ends July 31. Report for 1894-95 was in 723,795. See statement in full in CHRONICLE, V. 49, p. 404. In May, 1895, the capital stock was reduced from $5,000,000 (par v. 61, p. 747. $100) authorized, of which $4,000,000 issued, to $2,000,000 (par $50.) Year ends July 31. 1895. 1894. 1893. DIVIDENDS.- ( 1889 1890-91 1892 1893 18 95 Earnings _. __.........• .. ...•........ $7,452,853 $8,761,935 $9,200,685 Per cent. 5 8 0 5 5 3 June .Pa,tent royalties,manuf. profl.ts,&c. 1,094,772 833,132 2,189,211 ANNUAL REPORT.-Fiscal year ends April 30. Report for year 1894Tc;,tal revenue ................ _ $8,547,625 $9,595,067 $11,389,896 !l5 was in V. 60, p. 1056, showing profits for year, $210,462; divi•Operating expenses.-··- · ··- --······$3,511,030 $3,497,298 $3,825,940 dend due June 15, 1895, $120,000: balance, surplus for year, $90,_Paid•other sleeping-car associations 746,204 897,352 1,037,508 462. Total profit and loss surplus April 30, 1895, $207,119. Cn 1893Dividends on capital stock .......... 2,880,000 2,880,000 2,52{),000 94 net loss. under operating, $146,0U. In 1892-93 pro lits were $271,477. President, Henry O. Butcher. Office, Camden, N. J. (V. 57, p. Net result...•........................ $1,410,391 $2,320,417 $4,006,448 58; v. 59, p. 115; v. 60, p. 838,874. 1056.) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis fo --- t\'ti~Y 1NVESTORS' SUPPLEMEin. 14'1 fVoL. LXII. Bonds-Princi MISCELLANEOUS. INTEREST OR DIVIDENDS. Date Size, or .Amount Rate per When Where Payable, and by pal,When Due • of Par For explanation of column headings, &c., see notes on Stocks-Last Outstanding :first page of tables. Bonds Value. Cent. Payable Whom. Dividend. 8'' - ---- - - - · Soitth Yuba Water Oo.-Oonc.-Consol. M., $1,500,000 1893 Standa1·d Gas L ight-Com . stock authorize , $ 5,000,000. Preferred stock authorized, $5,000,000 ... __ _·••··· · ... . New 1st mortgage $1,500,000, gold ... ....... ... .... .... c Standa1·d Telephone Oo.-Stock $10,000,000.... . . . . ... Street Railway d! Illitminating-Com. stock $4,500,000 .. Pref. stock $4,500,000 6 p. c. cum. (subj. to call at 110\ Summit B1·anch (Pa.J- lst M., sinking fund, not drawn .. l:Junday Greek Goal-Preferred stock, 5 p er cent .......... 1st Mort.• gold., sinking fund., subject to call at 105 .c• Susqueh'na Ooal.-lstM., gu. p. & i., s. f. not sub. to call.c Tenn. Goal I. &RR. tJo.-Commonstock $20,000,000 ...... Preferred stock (8 per cent cumulative) ................. Consoli~ated mortga~t ................................... South P1ttsburi Pure ase, 1st mortgage ................ A.lice Furnace o., Alabama, 1st mortgage ............ c• Pratt Coal & Iron Co., Ala., 1st M., s. f., not drawn .... c• Birmingham, .Ala., Div., con. M., s. f.1%, not d'rn . . c* Tennessee Div. bds, gold, s.f. 112 ¾yearly, notdr'n ... cx f• {~~:~~c~~tt!ai~::~~.~~-:~:~·. !?~:~?.~ :::::~.~~ ~~·~ ~~~ ---· $1,000 -----100 i890 1,000 i 874 100 1,000 100 1,000 1,000 100 100 1,000 1,000 1,000 1,000 1,000 1,000 500 &c. --. ... .---- 1892 ---....... ---- 1881 1882 1882 1883 1887 1887 1890 ---· Cahaba, lst M., $1,100,000 gold, gu., s. f., red. at 110 . . c* 1892 Texas Pac.. ;I,a,n_d_ 2'rust-"Certiflc_ates ofpropriet'y int'st" . .... Texas & Pacific Ry., eastern div., land grant ...... ... ... 1875 Trenton Delaware Bridge.- lst M., gu. p. & i., Pa. RR .. .. 'l'renton Potteries.-Common stock ......................... Pref. stock, 8 p. c. cum.-See terms in ed'l May,'93, SUP. ------- ---- ----·· ......... ......... 1,000 100 i:ooo 100 100 6 g . .r. & .T. N. Y. Farm. L. & Tr. Co. .July 1 , 1923 $478,000 3 ,000,000 Text. N. Y ., 71 Broadway. .ran. 10, 1896, 4,471,100 See text. Q.-.r. do do .ran. 10, 1896 1,362,000 5 g . M.&N. N. Y., Mere. Trust Co. May, 1930 (1)' 4,fi00,000 1,509,300 1,087,000 1,500,000 4.00,000 1,563,000 19,850,000 1,000,000 23,000 120,000 300,000 675,000 3,406,000 1,282,000 2,439,500 400,000 1,000,000 9,193,500 334,134 350,000 1,750,000 1,250,000 .... ----- . ...... ........... --- -- ----· ·- -- ---- 6 p·er.an. 7 See text. 6 g. 6 F. & A. N. Y. City. .r. & .r . .Tuly,'95 coup. last paid. Feb. N. Y .,Davis & Co.40WalJ J. & D. do do J. & J. Phila. Co.'s Office. A.ug : 1,..i895.Tan. 1, 1904' Feb.15,1895 Dec. 1, 1912 Jan., 1911 8 per an. 6 6 7 7 6 g. 6 g. 6 g. 7 6 g. J. & J. M.& N. F. & A. A. & 0. M.&N. J. & J. A. & 0. F. & A. A. & 0. J. & D. Juiy.i5:·i893 Nov. 1, 1001 Feb. 1, 1902 1902 Nov. 1, 1903 Jan. 1, 1917 Jan. 1, 1917 Feb. 1, 1910 1904 Dec. 1, 1922 ·--- ----· . ............. N. Y., 4th Nat. Bank. N. Y.,Mechanics' Bank. N. Y., Fourth ~at. Bk. N. Y., Mechanics' Bank. do do N. Y. Hanover Nat. B'k N.Y.,4thNationalBank N.Y., Hanover Nat. B'k. Cincinnati,Mercb.N.Bk. N.Y.,4thNationalBank: ---------- J an:· i·,--1915. 7 Jan. ------ ---· J. & J. Pbila., Penn., RR. Co. July, 1917 7 N. Y.,.A. M.Kidder&Co. Feb. 1, 1893, See text. do do 8 per an. c:i:..:.:-M. See text. Southern &; Atlantic Telegrapl1.-Lines leased to Western II BTOCK.-Common stock authorized, $20,000,000. The amount out_ Union (which owns $390,475 of stock additional to that in table) and standing was increased by $1~,850,000 i~ 1892 to purchase the De Bar stock guar. by rental 5 p. c. deleben, Cahaba and Excelsior comparues. N. Y. Stock Ex. reportsSouth Yuba Water Co.-oee SUPPLEMENT of October, 1895.-(V. $19,842,800listed to Oct. 15, 1895. (V. 55, p. 463.) 59, p. 65q, 697, 700 · DIVIDENDS.-On common in 1887, 1 per cent,and none since. On preStandard Gas Light.-Organized in 1886. Owns 140 miles of ferred, from 1889 to 1893 inclusive, 8 per cent per annum; January, gas pipes on east side of New York, north or 13th St. Common stock 1894, none; J1,1ly, none. autll.orized is $5,000,000; issued $3,000,000. ~referred stock auBONDS.-The two issues, known as the Birniingham Division and thor~zed, $5,000,000.. Pre~errecl for $7!">0.00? .was ISsned Oct. 1_5, 189!'1, 1 the Tennessee vi vision bonds, are each a lien on their own property~ makmgtotal_outsta~dmg$4,47J,100: .:P1vmEr-Ds.-qncornmonml895, as described in the mortgage. and a second lien on the property of Oct.,~ p. c.; 111 1896, J an._. 1 p. c. D1v1de~ds on prnferred tn 1891, 3 34 the other division. The total authorized issue of the Birmingham P c.; m 1892, 112 p. e.; m h!93, 4 P- c.; m 1894. 4 p_. c.; tn 1895, Jan., 1 Div. loan is $5,000,000 [of which $540,000 bonds have been cremated} 1 p. c.; Apr., 112 p. c; _July, 11;2 p. e.; Oct.: 112 p. c.; m 1896, Jan., 1 12 and of the Tenn. Div.,$1,400,000, of which $115,000 are in the sinking p. c. Russell Sage, V1ce·Pres1dent. (V. 60, p. 1148.) rund. The consolidated 6s due in 1901 are exchangeable at par for Standard. Rope & Twine Co.-lncorporated Nov. 8, 1895, under bonds of the Nashville Chattanooga & St. Louis Railway Company held laws of New Jers y, to take over the prope l'ty or the United State11 by the Central Trust Company. The De Hardeleben, mortgage is for Cordagt? qompany. Incorv_<;>r~tors are'µol.m KeH"!J,. Augustus C. KPl- $3,000,000, of which $96,000 cancel~d by sinking fund, $400,000 in logg, Wilham R. Travers, W 1lham R. Potts and Wilham BarlJour.-J V. trust for Eureka boncls and $55,000 m treasury. The De Bardeleben 61, p. 872.) bonds were assumed by the 'l'enn. Coal & Iron, under terms of purchase. See V. 56, p. 604. De B. C. & I. first 6s listed on N . Y. Stock Standard 'J'elephone c o.-Organized in 1895.-- V. 60, p. 607, Exchange to October, 1895, for $2,056,500. 1060; v. 61, p. 472.) FLOATING DEBT, ETC.-On Jan. 31, 1895, total floating debt was Street Railway and. Illn1ntoalin!?; PropPrtles.-0RGANIZA· TION.-Organized in 1893 to enable the General Electric to fund its $1,967,786 (against $1,814,796Jan. 31, 1894), of which $1,212,469 bills floatil$.' debt, its stock being offered to the General Electric stockhold- payable and $5~~.103 due sundry creditors . on open accou~t. Total ers. The $12,188,267 of notes receivable and tntbrest·bearing stock quick aRsets, $2,167,633 (against $2,417,311 m 1894), of which $112, · e,nd bonds it was calculated would yield a yearly income of about 483 cash and bills receivable, $547,500treasury bonds, $743,504 salable $400,000. On July 31, 1895, the trustees held securities (par value) part of inventory and $754,302 due on open accounts. In October. for $7,181,305. As the notes and other securities are liquidated, tlle 1895, $440,000 of the treasury bonds (De Bardeleben) were sold and proceeds are applied to cancellation of the principal of the preferred proceeds applied to floating debt. V. 61, p. 61 2. stock, draw1'l. for payment at a .rvemium. When the preferred stock EARNINGS.Net. Int., r·entals,&c. Balance. has been canceled. the remaining assets will stand to tne credit of the 11 months, ( 1895 ..... $911,379 $547,050 sur. $364,329 common stock. See V. 57, p. 217, 29d, also terms of trust deed m Jan. 1 to Nov. 30. 51894..... 580,200 6!'i·7,300 def. 77,100 General Electric item V. 57, p. 722. '!'he pref. stock is being- redeemed A.NNUA.L REPORT.-Fiscal year now ends Dec. 31 (formerly Jan. 31). and canceled. Oct. 12, 1895, $1,509,300 preferred was outstanding. Report for 1894-95, in V. 60, p. 655 and 746, gave earnings of the l>IVIDENDS.-On pref., 1894, Feb., 3 p. c.: Aug., 3 p. c.; in 1895, Feb., several divisions separately. For the whole property reports have 3 p. c.; Aug., 3 p. c.-(V. 59, p. 696 ,836; V. 61, p. 1011.\ shown as follows: Bessemer Div. included in '92-93 for 11 and l'ahab a. Sugar Trust.-SEE AMERICAN SUGAlt REFI~ING COMPANY. for 7 months. 1892. Year end. Jan.31. 1895. 1894. 1893. Sum1nlt Branch (Pa.)-This company's business ls en•trely $692,071 $685,031 $923,551 in mining coal; it haR a lease of the Lykens Valley Railroad, 20 l'otal net profits ..... $561,984 Interest on bonds... 631,516 655,074 547,893 351,193 nules, but the road iR sub•leased to ·the Northern Central RR. Co. It 84,129 5,589 8,885 also has a small branch of its own to Suwmit Mines,¾ of a mile, and ~iscell. interest,&c. cr.1,205 4.0,000 80,000 80,000 operates tbe Lykens Valley Goal Co., owning all its securities. Penn- Dividends............ ----sylvania RR. owns $2,190,200 of the $4,010,350 stock (par $50\, and $440,078 Total disbursem'ts. $630,31 t $779,203 $633,482 $480,000 bonds. $290,069 $251,993 Default-Interest due Jan. 1, 1896, on the 7 n . c. bonds was not paid. Balance for year .. df.$68,327 def.$94,172 Total undivided surplus Jan. 31, 1895, was $902,512. The default is a,ttributed t u the poor condition 01' the anthracite coal trade in 1 8 9 5. DIRECTORs-John H. Inman, C. C. Baldwin, James T. Woodward, W. EARNINGS of Coal Co.( 1895, gross, $1,059,857; net, $66,492 s. Gurnee, Jr., W. S. Gurnee, J. Edward Simmon1,1, .John G. Moore, Jan. I to Nuv. 30, 11 mos .. 51894, gross, 893,959; def., 16,318 James Swann, J. J. MtComb and A. B. Boardman, or New York; A. T. For year 1894 grosR, $965,720; deficit under operating, $16,917; , Smythe and J.E. Adger, of Charleston; A. M. Shook and N. Baxter. other income was $14.133; intert·st and stock tax, $79,939; detlcit for · Jr., of Nashville; David Roberts, of Bessemer; J. C. H askell. of Brisyear, $82,723. In 18lJ3 gt·oss, $1,252,663; net, $79,380. v. 62, p. 41. tol. President, N. Baxter, Jr.; Secretary, A. M. Adger; Treasurer, Jas. Bowron, Birmingham, A.la.-(V. 58, p. 556, 715, 734; V. 59, p. 4.76; Sunday Cl'eek Coal Company of CoJurnbul!l, O11.io.-0R- v. 60, p. 656,668, '746, 1106; v. 61, p. 153, 612.) GANIZ.ATION, PROPERTY, ETC.-An Ohio corporation for mining and Texas Pacific Land '.l'rust.-See SUPPLEMENT of April, 1895. marketing mineral coal, manufacturing coke, etc., its property consisting or about 14,000 ac1·es of coal lands in Perry and Athens coun• '.l'hurber-Whyland.-See AMERICAN GROCERY Co. ties, Ohio, with improvements thereon; also doclc property at West Superior, Wis. Full statement to N. Y. Stock Exchange in V. 56, p. 503. 'l'renton Potteries Company.-ORGANIZATION, ETc.-InP.orpo rated under laws of New Jersey in May, 189i, to take over and co'D.STOCK.-Preferredstock, $1,500,000, entitled to 5 per cent per annum; tinue th~ business of 1iv1-1 Tre nton, N. J .. pottery companies whicu common Rtock (authorized$ t,500,000) outstandin~ is $2,250,000; par, wPrA then supplying, it was said, about 75 per cent of tho country's $100. On Dec. 31, 1894, bills payable were $130,978; accounts pay- total output of sanitary plumbing ware. able, $125,175; bills receivable, $104,856; accounts, $384,203; cash, DIVIDEND.-On common stock in 1893 , February, 5 per cent. On 51 025 $ • · . . . preferred regularly to June 11, 1894. September, 1894, and later diviDrv~~ENDS.-Preferred ~n 1892 wa~ paymg 112 p. c. semi-annually, dends on preferred not i,aid. see v. 60 p. 393. but dividends are now paid annually m F ebruary. In 1893, Feb., 112 ' p. c.; in 1894, Feb., 3 p. c.; in 1895, Feb., 3 p. c. .ANNUAL REPORT.-Flscal year ends December 31. Results Pref. stock Bcilance Total surOPERATIONS.-Output hat:\ been-In 1890, 557,458 ~ons: 1891, 619,· for vear. dividends. for- yem·. plus Dec. 31. 988 tons; ~892, 648,172 tons; 1893, 678,891 tons; m 18M, 534,760 lB94 JoRs $13 378 {i) (1> (1> tons. Ne~mcomef_or 1894, after paying taxes, &c., $76,099, against 1893 · ··········P·i·ofl.t 178,447 $100 ooo· sur. $78 447 $146 046 $112,884 m 1893; mterest on bonds, $24,000; re-investments, $5,832; · · · · · · · ·: · · . ' ' ' ' . ' surplus 1or 1~94, $46,267; dividend, 3 p. c. on pref., $45,000. Total S~e ~?-v~rt1sement_m CHRONICLE June 11, 1892. A. M. Kidder & Co .• surplus Dec. 31, 1894, :1!63,572. V. 56, p. 502. N. Y. office, 40 Wall st 18 Nau Su., N. Y., Fiscal A.gents. (V. 60, p. 393.J Susquehanna Coal.-Owns coal properly at Nanticoke, Luzerne Tro-w Directory Printing &; Bookblnding.-See SUPPLECo., Pa. PennsJlyaD;ia RR. owns all the $~.~36,800 stock and guaran- MENT of September, 1894.-tV. 61, p. 365.) tees the bonds prmc1pal and interest. D1v1dends, 6 per cent. Union Ferry.-This comp!linY oper~tes five ferry lines between Tennessee Coal Iron &; Railroad Company.-This company ~ew York and Brooklyn. Capital stock 1s $3,000~000; :par $100. The owns blast furnaces, coal mines, iron mines, foundries, &c., and coal mortgage covers all the_ coml?a:n-y's property, mcluding 19 ferryand iron lands in Tennessee and Alabama. The total area of mineral boats, r.eal estate, etc. ~1rst d~vidend of new company (1 per ceD;t) lands and rights owned and controlled in 1893 was about 400,000 acres, was paid JaD;. 2, 1894: m April, 1 p. C:; July 1 p. c.: Oct., 1 p. c.; m or which 274,000 acres are in Alabama and 126,425 acres are in Ten• 1895, 4 p. c.; m 1896, Jan., 1 p. c. President, W. H. Male. nessee. Of the latter 58,135 lie in Cocke and Green counties, in the Union Gas (Brooklyn).-Incorporated in New York state Sept. eastern portion of the State on the borders of N. Carolina. .Blast fur• 8 , 1895 , to supply gas and elect-r icity. A consolidation of the seven n aces July, 1895, numbered 17, and daily output of coal 13,000 tons. gas companies of Brooklyn, namel:v: Brooklyn Gas Light, Metropoli!i;_~osii!'-¥:a~~-: ~~;:e~W~~s~ne of railroad a nd 50 miles of terminals tan G. L., Fulton Municipal Gas, Willia.msburgG. L., Nassau G. L. and On Dec. 19, 189~, ~he Cahaba Coal Mining Compa ny was absorbeo, People's Gas Light companies. Cayital stock authorized, $15,000,000 i~s prope:rty cons1stll!-g of so_me 44,000 acres o! coal and iron lands BoNDS.-The mortgage of 1895 i s for $15,000.000 of bonds, subject ·S ituated m the counties of Bibb, Shelby and Jefferson, Alabama, witll to about $4,000.000 of underlying bouds, 1·or which new consols were a.n output of about 800,000 tons of coal per annum. V. 55, p. 60,463. o:fl:ered, dollar for dollar, in December. 18lJ5. A portion of the old An amalgam~tion with tbe De Bardeleben Coal & Iron Company waEJ bonds were subject to eall on or before Feb. I, 18~6, but the following, co!lsummated m September, 1892. Merely a formal existence is re• if note xcbanged, may be still outstanding to an appreciable extent, t~m.ed by tbe De Bardeleben Co. and the Oahaba. Co. as it is understood that they are not subject to call bef"orc maturity: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I I I I J.A.NUAR~, 1896,] MISCELLANEOUS sTocltS ANn BONt>s. 143 Subscribers w-Ul confer a great favor by giving Immediate notice of any error discovered In these Tables. MISCELLANEOUS. INTEREST OR DIVIDENDS. Bonds-Pr1no1Date Size, or Amount pal,WhenDne. For explanation of column headings, &o., see notes on of Par Outstanding Rate per When Where payable and by Stocks-Last fl.rat page of tables. Bonds Value. Cent. Payable Whom. Dividend. Trow Directory Printing cl Bookbinding-Stock common. Preferred, 8 per cent cumulative......................... !lwin Oity Rapid Transit-SEE STREET RAILWAY SUPPLE Union Ferry-Stock......................................... lat M., gold, red. 11,t 110 after Nov.1.1895 ........••..•. Union Gas (B1·oolctyn)-Stock, $15,000,000 ..•......•...... Underlying bonds.... .. . . • . . . . . .. . . . . . . . . • . . . . . . . . . . . . . • • . lat consols, $15,000,000....... •• .. . . .. . .. . •• . . . . . . . . . . . .. United States Book-lat mortgage, gold .. ........•....... c United ~tates Oordage-Guar. 6 p. c. stock, $6,000,000.... Preferred stock, 8 p. c., $8,000,000...................... Common stock, $20,000,000... ... •• . . . . . ... •• . .. . . . . .. . . . Underlying liens on Security and Union mills .. ......... 1st M.& coll.tr.$7,500,000, gold(U. S. Tr. Co., trustee). o* Trust certificates . . . . . . • . • • • . . • • • • . . . . . • . . . . • • . . • . . . . . . . • . Pearson Mill 1st M., guaranteed by U.S. Cordil.ge Co. .. United States Express-Stock...................... . . . . . . . • • . United States Leather-Common stock..................... ·-. ..-----1------1· - -·------1----------1------. $100 $750,000 . .. . 100 MENT. . .•. 100 1890 100, &c. t~i: :~'~fi.·o~ioo,Mo,cg.-,s£,'4 ·p: c:; sub: to. caii at i'io:c* United ~tates M01·tgage-Stock ....•.....••.......• . ...• .... . 1st mort. trust bonds," A" gold, red. after 1898 ... c*&r do do "B" gold, red. after 18~9 ... c•&r United States Rubber-Common ($25,000,000 authorized) Preferred ($25,000,000 authorized) 8 p. c. non.cum ...•. Virginia d: 1'enn. Goal d: Iron-lat M. ($100,000), gold .... Wagner Palace Oar 00................................. . .... -----· . ... ...... 1895 ...... 1890 . .•. 100 .. .. 100 . .•. 100 . .•. Var. 1894 100, &c. . ••. . ... . .•. 100 . ... 100 100 i893 1,000 ..; .. 100 1 ,., 9 3 100 &c. 1894 100 &c. .••• 100 100 ------ ----·· i894 . .•. ----·· ·----- Bonds. Date. Interest. Issue. Maturity. Citizens' Gas, g., consols .. 1890 5 g., F. & A. $500,000 Feb. 1, 1940 Union Gas Light, 1st M •.. 1889 6 J. & J. 250,000 July 1, 1905 do. gold consols...... •. . . . . 5 g., J. & J. 250,000 Jan. 1, 1920 Metropol. Gas L., 1st m... . . •• 5 A. & O. 250,000 Apr. 1, 1898 Williamsb. G. L., 1st...... . . • . 6 A. & 0. 1,000,000 Apr. 1, 1900 L'he basis of exchange of the stock of old companies was given in V. 61, p. 831. OFFICERS AND DIRECTORS.-The directors are: George w. Youn~. or the United States Mortgage Company; Grant B. Schley, of Moore & Schley, New York; John '1'. Mills, Jr., Cashler of the Chase National Bank, New York; Hamilton H. Durand, of New York; Watson B. Dickerman, of Dominick & Dickerman, Charles E. Ball, Brooklyn; and l.ieorge R. Turnbull, Vice·President of the •+uaranty Trust com· pany, of New York. The officers are Geor~e W. Young, President; John L'. Mills, Jr., Vice President, and Charles E. Ball, of Brooklyn, Secretary. V. 61, p. 473, 753, 831, 968, 1014, 1066. United States Cordao-e.-ORGANIZATION.-Incorporated Dec. 20, 1893, under laws of New Jersey, to succeed National Cordage Co., re• organized as per plan in V. 57, p. 900, the stockholders contributing $2,493,625 in casll. During 1894 the Pearson Mill in Boston, with a capacity of 800 spin· dleil, wail purchased for $900,000. William Wall's Sons Rope Co.'s agreement with U. S. Cordage Co. expired April 1, 1895, and the Wall Co. will hereafter operate independently. The Deering Mill in Chicago also passed from under control or U. 8. Cordage in April, 1895. The Pearson Mill is subject to a first mortgage for $900,000, guar• anteed by the United States Cordage Company and pledged, it is said, as collateral for loans. (V. 61, p. 113.) Oifer was made to purchase Boston Cordage notes in August, 1895. (V. 61, p . 283.) STOCK.-In Oct., 1895, N. Y. Stock Exchange had listed-Common, $18,858,500; preferred, $8,000,000; guaranteed 6 p. c., $6,000,000. RECEIVERSHIP.- On June 3, 1895, John I. Waterbury and William E. Strong of New York were appointed receivers. REO.ltGANIZATION.-Frank K. Sturgis, William Barbour and John I. Waterbury, committee, with T. H. Wentworth, 2 Nassau St., New York, as Secretary, presented a plan in June, 1895, under which the Standard Rope & Twine Co. has been formed, and will in 1896 issue the securities shown below. See plan in V. 60, p. 1012, 1106; V. 61, p , 70 New securities will be issued as follows: First mortgage 50•year 6 per cent gold bonds .. ............ $3,000,000 Consol. mort., non•cum., income 5 per cent 50•yliar gold bonds, with voting power. . ............. ...... .... . ....... 7,500,000 Common stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • . . . 12,000,000 Exchange of Securities.-The old securities will pay assessments and receive new securities in the following amounts: r-ASSESSJ\IENTS AND NEW SECURITIES,-, .A.RstssOom. 1st Oonsol. OLD 8ECURITESment. Stock. mort. mort. $1,000 lst mortgage, $1,000 ....... .. . Guaranteed stock, $100 ....... . $20 $80 $20t Preferred stock, $100 .•........ 10 40 lOt 5 · Common stock, $100 .......... . 20 5t t For assessment. 'l'he assessments aggregate $3,000,000. The 3d instalment of stock assessment was payable Aug. 30, and the 4tll on Sept. 13, at Manhattan Trust Co., whose certificates for deposit of stock were listed on N. Y. Stock Exchange in Sept., 1895. (V. 61, p. 569.) ANNU.AL REPORT.-First annual report, for year 1894, was given in V. 60, p. 80. Sales in 1894 amounted to $3,23}.l,703. DIRECTORS OF u. s. CORDAGE co.-F. K. Sturgis, President; William C. Lane, Vice•President; William H. Corbin: Rudolph Keppler, W.W. Sherman, E. F. C. Young, G. G. Williams, W. B. Sewall, Francis Smith, ~alentine P. Snyder, John Scott, E. Thalmann, G. H. Gossler, H. A. Herrold, John I. Waterbury, William Ba.rbour, New York. Sec'y and Treas., John M. Forbes. Office, 135 Front St. (V. 59, p. 154, 740; v. 60, p. 43, 80, 564, 839, 886, 1012, 1060, 1106, 1151; v. 61, p. 70, 153, 198,241, 283, 328, 431, 518, 569, 872, 1066.) United StateN Express.-In September, 1887, the stock was in• Oreased $3,000,000, raising it to $10,000,000, and the Baltimore & Ohio Express was purchased. Business on the Lehigh Valley systecn was acquired in February, 1893 and on the Chicago Milwaukee & 8t. Paul in February, 1894; on Mississippi Division of B & 0. Southwestern in March, 1895. Dividends since 1880-From 1881 to 1887 inclu• sive, 4 per cent; in 1888, 5; in 1889, 5. In May, 1890, 2; in November, 2; in 1891, May, 2; then none till November, 1892, 2; in 1893, 4 p. c.; in 1894, May, 2 p. c.; in November, none; in 1895, May, none; Nov., none. (V. 58, p. 224; V. 59, p. 740; V. 60, p. 393; V. 61, p. 710.) United State ■ Leatber.-ORGANIZATION, ETC.-Incorporated Feb· 25. 1893, under the laws of New Jersey to take over the properties and business of a large number of concerns for many years engaged in the tanning and sale of sole and belt leather. Assets, it is said, amoun; to at least seven times the amount of the debentures, about 40 per cent r~presenting real estate and the balance hides, bark and other personal property. V. 56, p. 757; v. 57, p. 23. Commenced business Ma.y 2, 1893. STOCK.-The capitalization is $64,000,000 common and $64.000,000 o! 8 per cent cumulative preferred stock authorized ror actual property, exclusive of good will, $60,000,000 of each and $4,000,000 of each (in JulY-1.1895), on account of bark, land~, etc. See V. 61, p. 114,737. See woruing of pref. certificate in editorial of May 1, 1893, SUPPLEMENT. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 725,500 se·e·tei:t. Q.::.F. New York. See.te:it. Co. office, Brooklyn. N. Y., H. B. Hollins. Jan. 2, 1896 Nov. 1, 1920 I 3,000,000 2,200,000 15,000,000 See text• (1) 4 ~.-J. 5 g. M. & N. 5 6 g. J ...&..J. 1,000,000 6 ••••. 6,000,000 8,000,000 8 .••.. 20,000,000 6 Vfii-: 1,205,500 6,543,500 6 g. J. & J. 1,103,635 900,000 10,000,000 61,509,900 60,1109,900 se·e-tei:t. ::::: 5,760,000 6 g. M. & N. 2,000,000 ... f. 1,000,000 1 1,000,000 5 M. & N. 20,166,000 See text. . .... 19,400,500 8 per an. See text 6 M. & 8. -21,000,000 . .. . .. M'thly. In default. ....... ... Aug.;{)5:i90l N. Y., Manhattan Trust. Jan 1, 1924 Office,26.FerrySt.,N.Y. Nov·:1,..i895 N. Y.,ParkBk.; Boston. May 1, 1913 Jan. 1, 1896 Aug. 1, 1913 do do May 1, 1914 Mar. 15, 1895 N. Y., H.B.Hollins&Co. Jan.15,1896 Balt., Trust & Guar. Mch. 1, 1904 N. Y. Office. i·. t i: N. Y'a_~uar. T1;i~st Co. DIVIDENDS.-On preferred: In 1895, March, paid 1 p. c.; May, 1 p. c.; June (extra), 1 p. c.; August, 1 p. c.; Nov., 2 p. c.; still overdue on pre• ferred, 14 p. c. (V. 61, p. 663.) BONDS.-The debentures were issued to furnish working capital• Sinking fund 4 per cent of issue yearly, the debentures to be pur chased or drawn at 110. In March, 1895, $6,000,000 debentures had been issued and $240,000 retired by sinking fund. See adv. in CHRON· ICLE of May 6, 1893, and application to N. Y. Exchange V. 57, p. 23. GENERAL FINANCES.-In July, 1895, the stockholders authorized $4,000,000 additional common and $4,000,000 preferred stock to make good undervaluation of bark lands, as per agreement at time of pur• chase thereof.-V. 61, p. 114. ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 20 months, from May 1, 1893, to Dec. 31, 1894, was in V. 60, p. 390, and gave net profits on Dec. 31, 1894, as $786,756. DIRECTORS, ETC.-Josiah T. Tubby, Mark Hoyt, James Horton George A. Vail, Norman Schultz, Edward R. Ladew, James R. Plum. Patrick C. Costello, Jerry Crary, Lewis H. Lapham, Nehemiah W. Rice, Joseph H. La.dew, Loring R. Gale, Edson G. Davidge, Henry B. Vaughan, Lyman F. Rhoads, Gurdon B. Horton, Samuel P. Davidge, Walter G. Garritt, William H. Humphrey, A. Augustus Healy, Charles H. Lee, Daniel T. Stevens, Charles M. Vail, Frank H. Goodyear. Edward C. Hoyt, James H. Proctor. Officers include: President, Mark Hoyt, Brooklpi; 1st Vice•Prest., James Horton; 2d Yice•Prest., E. R. La.dew; 3d Vice•Prest., L. H. Lapham; Sec'y, Josiah T. Tubby, Brooklyn, N. Y.; Treasurer, James R. Plum, N. Y. City. N. Y. Office, 26 Ferry Street, (V. 57, p. 23, 145; V. 58, p. 384; v. 60, p. 390; v. t>l, p, 114,198,283,663, 737.) United States 1'.l.ortgage & Trust Co.-Chartered in 1871. Formerly United States M01·tgage Go., present name being assumed February 23, 1895. STOCK.-Capital stock is $2,000,000; p ar, $100. Surplus and undivided profits June 30,'95, $932,90:.:l. DIVIDENDS.-In 1894, July, 3 p.c.; in 1811.J, 6 p. c.; in 1896, Jan., 3 p. c. B0NDS.-The $1,000,000 first mortgage bonds trust" A." were secured by deposit with mortgage trustee of first mortgages on improved real estate "in amounts at least equal to the amount of bonds outstand• ing." OFFICERB.-President, George W. Youn~; Vice•President, Luther Kountze; Second Vic~-President, James Timpson; Treasurer, Arthur Turnbull; Secretary, William P. Elliott. Executive Oommittee-Cha.rlea D. Dickey, Jr., Theodore A. Havemeyer, Charles R. Henderson, Gustav E. Kissel, Luther Kountze, James Timpson, Richard A. Mccurdy. United States Kubber.-ORGANIZATION AND PROPERTY.-Organized under laws of New Jersey in October, 1892, for the manufacture of rubber boots and shoes, etc., and either owned absolutely or per . manently controlled nine out of the fifteen concerns then engaged in this business, including the American Rubber Co. of Boston, tht1 Candee Co. of New Haven, the Goodyear Rubber Co. of Naugatuck, etc. Real estate, machinery, lasts, etc., were appraised at $5,055,000; other assets, manufactured goods, bills r eceivable, etc., at $6,491,900. Ap· plication to N. Y. Stoclr Exch. in 1892, in V. 55, p. 1039; also see V. 56, p. 539. In May, 1893, the Woonsocket Rubber, Marvel Rubber and Lawrence Felting Companies were absorbed, $5,851,400 preferred and the same amount of common stock bein~ issued therefor, and $149,000 preferred and $323,400 common were issued in August for stock of Colchester Rubber Co. and Rubber Manufacturers' Selling Co. · STOCK.-Preferred stock has preference as to assets and earnings, and no bonded or mortgage debt can be created without consent in writing of holders of three-fourths of each class of stock. Common is entitlea to all surplus after eight per cent on preferred. See wording of pref. certificate in editorial of May, 1893, SUPPLEMENT. DIVIDENDS.-Dividends on preferred were payable May and Novem ber, but in October, 1893, cllansed to January a:n,d July; 1894, Jan. 513 per cent; July 4 per cent; m 1895, 8 p. c.; m 1896, Jan., 4 p. c. ON COMMON.-The first dividend on common stock was paid in March, 1895, being 212 p. c.-See V. 60, p. 260. ANNUAL REPORT.-Fiscal year ends March 31. The annual state• ment was in V. 60, p. 926, and V. 61, p. 114, showing: OPERATIONS FOR THE YEAR ENDING APRIL 1, 1895. fnc. from stock -owned Dividendsonpref.stock$1,552,040 in other companies ... $2,751,476 Div. on common stock, Profits :from operations 178,767 212 p. c. in March, '95 504,150 Total income ........• $2,930,243 Total dividends paid .$2,056,190 Salaries, t'xs and other Balance to surplus..... 660,180 expenses.............. 213,873 Surplus April 1, 1894.. 216,037 Balance ...•••......... $2,716,370 Total sur. Apr. I, '95. $876,217 The net earnin~s of the several companies from which the above in• come was derivea were $3,038,351. BALANCE SHEET APRIL 1, 1895. Assets. L iabilitiu. C~sh ..... :............. $119,900 Accounts payable..... $110,145 Bills receivable.... ... 9:.:1,199 Preferred stock ....... 19,400,500 Accounts rec~ivable.. 881,930 Common stock........ 20,166,000 Raw material..... .... 303,701 Excess of assets....... 876,218 Manufactured goods.. 478,020 Surplus. ............... 876,218 Addition to plant..... 70,168 Furniture andfl.xtures 20,208 Investments........... 38,586,731 I I Total assets ......... $40,552,863 Total................ $40,552 863 INVESTORS' SUPPLEMENT. 146 [VOL, LYII. Sub8crlber8 "'Ill conCer a great Cavor by giving Immediate notice oC any error discovered In the8e Table8. Bonds-PriuciINTEREST OR DIVIDENDS. MISCELLANEOUS. - - - - - - - - - - - - - - - - - - - - - - - -1 Date Size, or Amount 1 - - - - - - - - - - - - - - - - - pal,WhenDue. Outstanding Rate per When Where payable and by Stocks-Last Par For explauation of column headings, &c., see notes on of Dividend. Whom. Cent. Payable · Bonds Value. fl.rat page of tables. ...s.. Welsba<h Oommercial Go-Common stock, $3,500,000 ... . Preferred stock, 8 p. c. cumulative, $3,500,000 .... .. .. . Wells, Fargo ct Oo. Express-Stock ................... . ..... . Western Gas-Stock $4,000,000 ........................... . Collateral trust 1st M., $4,000,000, gold ............... c isos is12 1875 Western Transit Oo.-Bonds gu.p.&i.by N. Y. C. ext. in '94 1884 Western Union Telegraph-Stock ......·..........•.......... Realest. bds.,g., (lien on W.U.Bldg., N.Y.C.)s.f.(not.dr.). Deoentures (it arawn, surrender is optional) ........ o &r Deb~tures, sinking fund 1 per cent, drawn at 100 .... o 1875 Collateral Trust bonds .................................. c* 1888 Westinghouse Electric & Manufactur' g.-Old com. stock.. . i:::tn;~f. <:~~loo;oooi sto·c1r;;.; p:c:,·cuiii. <se;; remai1rsi: U. 8. Electric Light Co. bonds ($50,000 paid yearly) ... . Collateral trust, $1,250,000 ............................. . Old scrip fQr dividend .................................... . Wh,eeling B1'idge & Terminal. Ry-Rec'rs' certs. ($75,000) First mortgage, gold .................................... c* Second mortgage (income till March, 1892), gold .... .. . Wheel. L. Erie & PUtsb. Ooal-lst M., gold, red. at 105 .. c* Whitebreast .Fuet-Common stock, $1,200,000 ............. . Preferred stock, $800,000 ................................ . Scrip for preferred stock dividends 1893-'94 ........... . Gen. M.1,,..(now 1st) gold, s. f.~ $30,000,drn. at 110.c,.&r. Iowa & 1.11. Coal lat M., gola, guar., s. f., red. at 110 .. c" WinonaBridge-lstM., gold, s.f., red. atllO aft. Mar. '98. Henry R. Worthington (PumpJ-Common stock........... . Preferred as to assets and dividends 7 p. o. cum ....... . $100 $3,500,000 Q."~M. 100 3,500,000 100 Text. J. & J. 8,000,000 Text. J. & J. 4-,000,000 100 1,000 3,55fi,OOO M.&N. 1,000 412 F. & A. 1,500,000 100 95,370,000 See text. Q.-J. 1,000 7 g. M. & N. 1,163,000 4,920,000 M. & N. 1,000 7 800,928 £100&0 6 g. M. & 8. 8,397,000 J. & J. 1,000 5 179,150 50 5,333,940 50 4,000,000 7 per.an. se·eteit. 50 500,000 250,000 M:·&··s. 194,560 40,700 ...6. J ...&. D. 2,000,000 1,500,000 1,000 6 g. M. & 8. 877,000 1,000 5 g. J. & J. 780,000 100 ..... 100 520,000 F. & A. 41,600 ..... 6 480,000 6 g. J. & D. 1,000 6 g. J. & D. 560,000 1,000 385,000 5 g. M. & 8. 5,500,000 ·...... .... 100 2,000,000 7 per an. M. & N. 100 g i:ooo isss 1890 1890 DIRECTORS.-Joseph Bannigan, Charles A. Coffin, Samuel P. Colt' Robert D. Evans, James B. Ford, Charles R. Flint, J. Howard Ford' Robert M. Gallaway, William H. Hill, Henry L. Hotchkiss, H. B. Hollins, George H. Hood, Charles L. Johnson, James P. Langdon, George A. Lewis, Edwin A. Lewis, M. C. Martin, Frederick M. Shepard, Rich· ard C. Sibley, Ge~!~e Watkinson, John J. Banigan, William L. Tren• holm, SamuelN. Wllllams, Walter 8. Ballou, George M. Allerton, Her• man Burr. The officers are: President, Joseph Banigan; Treasurer, Charles R. Flint. N. Y. Office, 88 Reade Street.-(V. 60, p. 260, 926; V. t>l, p. 114.) United States Sugar Refinery.-SEE V. 61, p.1101. Virginia & Tennessee Coal & Iron Co.-See SUPPLEMENT of April, 1895. Well8, Fargo Expre8s.-No annual reports or information. In Ma.rob., 1888, tb.is company bought the Erie Express of the New York Lake Erie & Western Railroad Company. Dividends of 8 per cent yearly were paid for many years, but _the semi-annual !,llvidend paid in July, 1894, was reduced to 3 p. c.; m 1895, 6 p. c.; ID 1896, Jan., 3 p. c. Stock was increased $1,750,000 January 1, 1894, to $8,000,000. New issue paid to Southern Pacific for express privileges for 21 years. Welsbach Ll~l1.t.-See WELSBACH COMMERCIAL Co. -Welsbach Coll'lmerclal Co.-Organized to sell incandescent lamps manufactured for use in the United States. Controls Welsbacb Light Co. by owner hip of majority of its capital stock ($500,000, 100.000 shares). Company also controls American Incandescent Gas Light Co. and Manhattan Incandescent Light Co. Capitalization, $7,000,000 of stock, one•halfpreferredcumulative 8 p. c.; then common is to receive 8 p. o.; then both share pro rata. See CHlWNICLE, V. 60, p. 1148; v. 61, p. 28. Western Gas Co. (Mllwaukee).-Organized in 1893 under the laws of New York. Owns entire capital stock of Milwaukee Gas Light Co., this latter company being entirely free from encumbrances. BONDS.-The collateral trust bonds are secured by deposit of all the capital stock of Milwaukee G. L. Co. Mortgage is for $4,000,000; unissued bonds being reserved for extensions and improvements. DIVIDENDS.-In 1895, Jan. (1st div.), 2 p. c.; July, 2 :v, o.; in 1896, Jan. 212 p. c. EARNINGS.-Of Milw~ukee Gas L. Co. from Jan. 1 to Sept. 30, 1895, 9 months, net, $272,666, agaim,t $228,571 tn 1894. For year 1894 net, $366,735. Western Transit Co.-Owns the piers in Buffalo, N. Y., fleet of 19 steamers and also the barges used by the N. Y. Central on the Great Lakes. Has valuable real estate in Buffalo. The N. Y. Central owns · its $1,000,000 capital stock. Western Union Telegraph.-Chartered under the laws of New York State on April 4, 1856. On Jan. 19. 1881 was ·dated the grand consolidation, in which the Western Union raised its stock to $80,000( 000, giving par, or $15,000,000, tor the stock and bonds of the American Union, 60 per centinnew West. Un.. for At. & Pao. stock and a stock distribution of 4812 per oer,t to West. Union shareholders. In November, 1887, an issue of $5,000,000 of stock was made in pay ment for the telegraph syRtem ot the Baltimore & Ohio Telegraph Co. In October, 1892, the stockholders voted to increase the stock frow $86,200,000 to $100,000,000, of which $8,620,148 was then paid ai;, sorir div. to represent surplus ear~gs expended on the property. In July, 1894-, $550,000 stock was issued for purchase of American Rapid Tel. Co. lines, until recentlv operated under lease. Union Pacific Privileges.-For Supreme Court decision in November, 1895, see V. 61, p. 926, 968. DIVIDENDS.-In 1887 2 per cent; from Oct., 1888, to Jan., 1896, inclusive, 5 per cent per annum. [n January, 1890, an extra dividend of ~ of one per cent was paid and on Deo. 3, 1892, a stock div. or 10 p. o. BoNDs.-The collateral trust bonds of 1888 (trustee, Mercantile Trust Company) are issued to retire an equal amount of stock and bonds of various telegraph and cable companies for the interest or dividends on which the Western Union Company is liable, these when so rt1tired to be held as security for the new bonds. On June 30, 1895, the followin~ stocks (par value) were pledged for the collateral trust bonds: Gold & Stock Telegraph, $1.038,800; International Ocean Telegraph, $1,~3 J ,800; N. Y. Mutual Telegraph, $2,383,900; and bonds, Mutual Union · Telegraph, 6s, $3,043,000. LEASED COMPANIES.-Under leases the company aside from other June 30, 1894, the On below. as dividends and rentals pays interest company owned the following amounts of the several issues included below as outstanding: Franklin Tel., $632,900; Gold & Stock Tel., $2,482,600; Int. Ocean Tel., $1,954,900; N. Y. Mutual Tel., $2,238,900 Pacific & At. Tel., $1,457,500; Southern& At., $390,475; Mutual Union Tel. 6s, $3,043,000, etc. Lease Amoimt. expires. Oompany, flc. 1932 $14,000,000 Am. Tel. & Cable stock. 300,000 1989 Empi:re&BayState, st'k 1,000,000 1975 Franklin Tel. stock..... 5,000,000 Gold & Stock Tel. stock.Jan.,1981 500,000 Bonds $500, notmort. 3,000,000 Intern.Ocean Tel.stock.Jan.,1981 2,500,000 N. Y.Mut.Tel.stock($25)Feb.,1982 10,000,000 Mutual Un. Tel. lat.. 2,500,000 Northw. Tel. stk. ($50).My7,1980 1,180,000 lstmort. int. guar.... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis g. iss9 i:ooo 1890 1889 .... Lease :::::::::: Dec:'io;·i895 N. Y., Office, 63 B'way. Jan.15,18~6 Jan.15,1896 May, 1933 . ........ . N.Y., GrandCent.Stat'n .Feb. 1, 1903 N. Y., Office, 195 B'way. Jan. 15,1896 N. Y., Union Trust Co. May 1, 1902 N.Y.,Treasurer'sOffice. May 1, 1900 London,Morton,R.& Co. Moh. 1, 1900 N. Y., Office, 195 B'way. Jan. 1, 1938 N. Y., Offlce;'i20 B'way .......... N. Y., i2o·B:roadway. coup: °iast paid. Dec. •9i None paid. N. Y.,MercantileTrust N. Y., Office, 18 B'way. . ........ . N. Y., Office, 18 B'way. N.Y.,AtlantioTrustCo. do do N. Y., J. Walker & Son. Paid 312 p. c. May 1, '95 N. Y., Guaranty Tr. Co. Jan:·2,..i806 In 15 years. Sept:,-i900 1; ·i939 Dec:· Sept. 1, Jan. 1, Oet. 1, Feb. 1, 1940 1919 1891 1894 Jun.Ei1;·i9os June 1, 19~0 Sept. 1, 1915 May 1, 1895 Nov. 1, 1895 Int. or div. Bonds. % Period. mature. Amount. expfres. J &J No bonds. Pao. & Atl. stock ($25). 99 years $2,000,000 4 A &O No bonds. 948,875 5 Sou. & Atl. stock ($25) .999 years 001npany, cf:c. 1f Dividends increase ¼! p.c. yearly to 6 p. c. in 1897 and afterward. LATEST EARNINGS.-Earnings for the 6 months ending Dec. 31 were as follows, December being estimated. V. 61, p. 1066. Surplus. Dividends. Net revenue. lnt.~s.f. 6 mos. $671,652 1895 (Dec. est.) ....• $3,542,649 $487,107 (212) $2,383,890 523,996 1894 (actual) ....... 3,394,560 486,707 (212) 2,383,857 Total estimated surplus Dec. 31, 18e5 (after deducting July '95 and Jan., '96, dividends, $8,119,128. ANNUAL REPORT.-Fiscal year ends June 30. Statement !or 1894-95 was in V. 61, p. 660. 1891-92. 1892-93. 1893-94. 1894-95. $ $ $ $ Year ending June 30. Kevenues for the year .... 22,218,019 21,852,655 24,978,443 23,706,405 Oper.exp's,rent.,t'xes,&c.16,076,629 16,060,170 17,482,406 16,307,85" Net profits .... .•.....• 6,141,390 5,792,485 7,496,037 7,398,547 Dividends i,aid ........... 4,767,734 4,740,064 4,631,820 4,309,639 890,532 893,386 891,616 893,822 Interest on bonds......... 39,991 39,991 39,991 39,991 Sinking funds............. · - - - - ----- ----- Totaldisbursements .. 5,701,547 5,671,671 5,565,197 5,240,161 120,814 1,930,840 2,158,485 439,843 Balance of profits..... The following table shows the property and business of the company Miles of Miles of No. of Profits. Year. Poles&C'bl's. Wire. Offices. Messa~es. Receipts. 1866-67.. 46,270 85,291 2,565 5,879,~82 $6,568,925 $2,624,919 1879·80 .. 85,645 233,534 9,077 29,215,509 12,782,894 5,833,937 1890·91..187,981 715,59120,098 59,148,343 23,034,326 6,605,587 1891·92 .. 189,576 739,105 20,700 62,387,298 23,706,404 7,398,545 1892·93 .. 189,936 769,20121,078 66,591,858 24,978,443 7,496,037 1893-94 .. 190,303 790,792 21,166 58,632,237 21,852,655 5,792,485 1894-95 .. 189,714 802,651 21,360 58,307,315 22,218,019 6,141,389 Office, 195 Broadway, New York City. (V. 58, p. 81,263,476, 1036; v . 59, p. 116,476,649; v. 60, p. 42, 82,391,481, 1060; v. 61, p. 474, 660,92~ 96~1066J ,vestlnghouse Electric & lttanufactul"lng Co.-ORGANIZA TION.-A Pennsylvania corporation manufacturing and selling dynamos for isolated and central station lighting, motors and generators for stationary work and street 111,ilways, arc and incandescent lamps, and a general line of appliances used in the commercial apullcat10ns ot electricity for li;ghting and power purposes. Statement to N. Y. stock Exchange was m V. 54, p. 763. The company owns exclusive rights to the Tesla patents on multiphase alternating currents for power distribution.-V. 61, p. 25, 153. Agreement with the Baldwin Locomotive Works for the manufacture of electric locomotives was announced in August, 1895.-V. 61, p. 241. In 1891 by exchange of stock secured 14,624 shares of the United States Electric Lighting Company out of a total of 15,000. The new manufaotory at East Pittsburg was completed in 1895. CAPITAL Z:,TOCK.-The capital stock is $10,000,000; in treasury March 31, 1895, $6,735 preferred and $663,349 assenting. All classes of stock have same voting power. The first preference stock carries cumulative dividends of 7 per cent per annum, with right to partici• pate equally with other stock after the same shall have received 7 per cent, and preferential as to principal. See wording of preferred cer ti:ficate in edi.torial of May, 1893, SUPPLEMENT. DIVIDENDS.-On preferred stock an interim dividend of 1 per cent was naid Feb. 1, 1892; in July paid 312 per cent; in 1893, Jan., 312; July, -flq per cent; in 1894, January, 312 per cent. Dividends were J. & J., but, in .April, 1894, a q.uarterly dividen~ of 1 ~ p. c. was paid; July, 1~ p. c.; Oct., 1¾ p. c.; ID 1895, 7 p. c.; m 1896, Jan., 1¾ p. c. ANNUAL REPORT.- Fiscal year ends March 31. Report for 1891-5 in V. 60, p. 25, showed net earnings from business, $734,699; from otner sources, $67 , 710; total, $802,409, against $1,640,809 in 1893-94; interest paid on bonds and scrip, $69,061 ; dividends on pref. stock, $274,059. Total to credit of income account as per balaiice sheet Mar. 31, 1895, $3,979,400. Our1·eni liabilities March 31, 1895-Account1,1 payable, $403,017; bills payable, $379,222; bills receivable under diseount, $396,972; accounts receivable, $2,14.6,131; bills dis counted se<?ured b_y collateral, $1,265,000. Ourrent assets-Ca h, $202,881; bills receivable, $80,134; (there were also bills receivable under discount $396,972 ;) accounts receivable, $2,146,131. DIRECTORS.-Brayton Ives (Chairman of the Board), Charles Franch, Bonds Int. or div. Adams, Lemuel Bannister, August Belmont, N. W. Bumstead, A. M % Period. mature. Marcellus Hartley, G. W. Hebard. H~nry B. Hyde and George Byers, Q-M No bonds. Westinghouse, 5 Jr. President, George Westmghouse, Jr.; Vice-Pre1:1iQ-M No bonds. dents, Lemuel Bannister, George W. Hebard; Treasurer. P. F. Kohbe. 4 212 M&N No bonds. 120 Broadway.-(V. 60, p. 561,606; V. 61, p. ~5, 153 at is office Y. N. Q.-J .•.•........ 241, 871.) 6 M&N May 1,1895 6 Q-J No bonds. 6 Wheeling Bridge& Terminal Rallw'y. } ................ . 6 See SUPPLEMENT Wheeling Lake Erle & Pittsburg Coal. 6g. M&N May, 1911 April, 1895. Whltebrea8t Fuel. J&J ....••...... ,-r J &J Jan., 1904 7 Winona Bridge. JANUARY, 1896.J .BANK, GAS, INSURANOl AND TRUST COMPANY STOOKS. NEW YORK & BROOKLYN CITY BANKS. COMPANIES, CAPITAL, Par Amount. (* State banks.) DIVIDENDS. Surplus at latest dates. t Period. 1894 1895. Latest. ~ - -- ---~ - - - - - -- NewYork $ $ $ America*.... 100 111500000 2,389,400 J. & J. Am.Exch . . . 100 5,000,000 2,344,300 M.&N. Astor Place* 100 250,000 332,200 8 7 1-17 NEW YORK AND BROOKLYN TRUST COMPANIES. % COMP.ANIES. Surplus & DIVIDENDS paid in 1894 & 1-895 Undiv'ed and also last dividend. Profits Par Amount. Dec 31,95 Period. '94. ' 95. Last Pa.id. % CAPITAL. - - - - 1 - - - -1- - - - --1------ 8 7 J a n. '96. 8 $ $ Nov.'95. 312 Atlantic . ..••. 100 noooooo 651,925 Q.-J. 12 11 Jan., '96. 2 J a n. ' 96. 3 Brooklynf, ..•. 1001,000,0001,445,689 ~.-J. 20 17 Jan., '96. 4 .. i2". ·12·· Bowery* .... 100 250,000 571,100 J. & J. J a n. '96. 6 Central ....... 100 1,000,000 6,057,507 B1-mon 50 50 Jan., '96. (1) 12 J a n. '96. 6 Broadway .. 25 1,000,000 1,634,600 J. & J. 12 Continental .. 100 500,000 337,038 Q.-J. 3 6 Jan., '96. 119 Butoh's'&Dr 25 300,000 229,500 J. & J . 8 8 J a n. '96, 4 Farm.~- & Tr. 251,000,000 4,1 8 7,199 Q.-F. 30 30 .Feb., '96. 5 Central. .... 100 2,000,000 4.79,400 J. & J. 7 7 Jan. '96, 312 Franklm ..... 100 1,000,000 888,106 Q.-J. 8 8 Jan., '96. 2 Chase....... 100 500,000 1,307,400 J. & J. 10 10 Jan. '96. 5 Guar.Tr.,N.Y.n 100 2,000,000 2,324,006 Jan. 7 8 Jan., '96. 9 Chatham .. . 2 5 450,000 988,100 Q.-J. 16 16 J a n . '96. 4 Hamilton .... 100 500,000 441 ,919 Q.-F. 8 8 l<'eb., '96. 2 Chemical. .. . 100 300,000 7,382,500 Bi-m'ly. 150 150 Mch .'96.25 Kings County. 100 500,000 641,31 8 Q.-F. 8 8 Feb., '96 . 2 Citizens' .... 25 600,000 400,600 J. & J. 7 7 J a n. '96. 312 Knickerbock'r lOO i* 1000000 486,853 J. & J . 6 6 Jan.. '96. 3 City ......... 100 1,000,000 3,207,700 M.&N. 15 15 Nov.'95. 5 LongI.L.&Tr.. 100 500,000 360,472 Q.-J. 8 8 J a n., '96. 2 Clinton* .... 100 300,000 2:i,900 J, & J. None .... . . J a n. '93. 2 Manhattan . .. 301,000,000 324,202 Q.-J. t 5 5 J a n., '96 . 21.g Colonial* . .. 100 100,000 39,500 Ne w. Man'rs',Bklyn 100 500,000 501,068 Ch arte red Oct. 19, '95. Columbia* . . 100 300,000 259,300 J. & J . J a n. '96. 4 Mercantile .... 100 2,000,000 2,264,416 J. & J . 10 10 J a n., '96. 6 Commerce . . 100 5,000,000 3,570,100 J. & J. 8 8 J a n. '96. 4 Metropolitan. 100 1,000,000 1,062,186 J. & J. 8 8 J a n., '96. 5 Continental. 100 1,000,000 201,500 J. & J . 6 6 J a n . '96. 3 Nassau ...... . . 100 500,000 228,7871F . & A . 6 6 .Feb., '96. 3 Oorn Exch.* 100 1,000,000 1,181,000 F. &A. 12 12 Aug.'95 . 6 N.Y.Lf.I.&Tr. 100 ;l,000,000 2,664,356 J. & D. 30 (1) Dec., '95.(1) East River . . 25 250,000 144,500 J. & J. 8 8 J a n. '96. 4 N. Y. Sec. &Tr. 100 1,000,000 1,221,919 M. &N. 10 10 Nov.,'95. 5 East Side* .. 100 In liquid ation. None . ..... Ma y'93. 212 People's ... . .•. 100 1,000,000 998,852 Q.-J.a 8 8 Jan., '96. 2 11th Ward*. 25 100,000 222,900 J . & J. 8 8 J a n. '96. 4 Estate . . . 100 500,000 294,425 1J. & J. 6 6 Jan., '96. 3 84,400 J. & J. .............. Real Em/e. State*. 100 250,000 ...... State .........• 100 1,000,000 935,936 J & J . 6 6 Jan., '96. 3 In liquid ation. Fe eral* ... . Title Gu.&Tr.. 100 2,000,000 1,273,8291 Q.-J. 6 9 Jan., '96. 2 Fifth ........ 200,000 312,100 J. & J. 16 16 J a n. '96. 8 Union . ....... 100 1,000,000 -1,900,507 Q.-J. 24 24 J a n., '96. 6 Fifth Ave* .. 100 100,000 1,054,400 Q.-J. 100 100 J a n. '96.25 U.S.Mort.&Tr. 100 2,000,000 1,036,392 See Mi scel la ne ous Cos. First ........ 100 500,000 7,131,000 Q.-J. 100 100 Jan. '96.25 United States. 100 2,000,000 9,548,267 J. & J. 32 36 Jan., '96.20 Fourth ...... 100 3,200,000 2,105,300 J. & J. 7 7 Jan. '96. 312 Washington .. 100 500,000 471,937 J. & J. 6 6 Jan., '!J6. a 14th Street* 100 100,000 60,900 M.&N. 6 6 Nov.'95. 3 Franklin . .. . 100 200,000 42,700 * Increased from $750,000 on Nov. 8, 1894. t Chang ed from J.&J. ·12·· ·12·· ~9iC6 .. Gallatin .... 50 1,000,000 1,620,500 Ga.nsevoort* 50 200,000 55,600 F. &A. ...... 5 Feb.'96. 212 in Dec., '95. t Increased from $500,000 on April 9, 1895. ,r Quarterly Gartl.eld..... 100 200,000 635,800 ...6½ ...6.. Aug.'95. 3 dividends reduced in April, 1895, from 5 p. c. to 4 p. c. V. 60, p. 522. Germ'nAm. * 75 750,000 276,~00 .F. & A. II Title changed in Dec., 1895, from N. Y. Guar. & Indem. Co. to Guar• Germ'nEx. * 100 200,000 606,000 May. 16 16 · May'95.16 anty Trust Co. of New York. a Changed from Q.- F. in Dec., '95. Germania*. . 100 200,000 642,000 M.&N. 10 10 Nov.'95. 5 Greenwich*. 25 200,000 172,300 M. &N. 6 6 Nov.'95. 3 Hamilton* .. 100 200,000 . 5 2 ,400 J a n.'96. 212 NEW YORK AND BROOKLYN FIRE INSURANCE COMPANIES. H'rl'm Riv. * Receiver appointe d in M i9(:i." ·5 · · Hanover . ... 1,000,000 1,967,600 J. & J. 10 10 Hide& L'th'r 100 500,000 110,800 New CAPITAL. Net DIVIDENDS . Home* ... ... 100 100,000 71,200 J . & J. .. ·s · · · · ·6 · · Jan. '96. 3 COMPA.NIES. - - - - - ~ Surplus, Hud. River* 100 200,000 175,700 F. &A. 6 6 Feb.'96. 3 Dec.31, Imv.&Trad. ],00 1,500,000 5,627,000 J. & J. 20 20 Jan. '96.10 Par. Amount. 1895. * 1893. 1894. 1895. La.st Pa.id. 8 8 •fan. '96. 4 Irv~ng ...... 50 500,000 342,:'iOO J . & J. ·l - - - - 1 - - - - 1 - - - - - - - - - - - - Lea herMfr. 100 600,000 478,600 J. & J. 10 10 Jan. '96. 5 $ $ Liberty . .... 100 500,000 11>4,500 10 5 Jan., '95. 5 American ... 50 400,000 .•..... . ... 10 Lincoln .... . 100 300,000 573,000 Q.-F. ·10·· ·10'" Nov.;95:·2½ Broadway .. 25 200,000 60,240 10 10 10 Feb,, '96. 5 Manhattan .,. 50 2,050,000 2,078,500 F. &A. 7 7 Aug.'95. 312 Citizens' .... 20 300,000 131,407 312 512 7 Jan., '96. 312 Mkt & Fult. 100 750,000 848 ,700 J. & J. 10 10 Jan. '96. 5 6 Jan., '96. 6 3 None Com'nw'lth . 100 500,000 l 03,349 Mechanics' . 25 2,000,000 2,161,600 J. & J. 8 8 J a n.'96. 4 Continental. 100 1,000,000 1,811,269 15·4 15·415·40 Jan., '96.7·70 Mech·. &Tr * 25 400,000 330,200 J. & J . 6 6 J a n. '96. 5 Eagle ...... . 40 300,000 635,315 10 15 15 Oct., '95. 719 Mercantile .. 100 1,000,000 964,000 J, & J. 7 7 J a n. '96. 3 28,743 3 3 6 Jan., '96. 3 Empire City. 100 200,000 Merchants' . 50 2,000,000 983,700 J. & J. 7 7 J a n . '96. 312 Farragut .... 50 200,000 21,750 10 512 512 Jan., '96. 3 Merch. Ex . . 50 600,000 164,500 J. & J. 6 6 J a n. '96. 3 20 20 Jan., '96.10 German Am. 100 1,000,000 1,856,375 20 Metropolis*. 100 300,000 7 8 7,000 J. &D. 12 12 Dec. '95, 6 50 1,000,000 1,555,430 10 10 10 Jan., '96. 5 Germania . . . Mt. Morris*. 100 250,000 109,600 J. & J. 6 None July'9<l. 3 6 None . ... . . July,'93. 3 Globe .. . ... . 50 200,000 20,004 Murr'y Hill* 50 100,000 197,400 Q.-J. 16 14 J a n. '96. 2 25 200,000 131,ll 7 10 Greenwich .. 10 10 J a n ., '96. 5 Mutual* .... 100 200,000 75,900 6 6 6 Jan., '96. 3 15 150,000 42,032 Hamilton .. . s ·· 8 .. Nov.'95. 4 Hanover Nassau* ... . 50 500,000 265,500 M.&N. 50 1,000,000 110,146 10 10 7 Jan., '96. 31.g ... . N. Amst'm*. 100 250,000 l!J6,700 10 10 Jan., '96. 5 Home ...... . 100 3,000,000 1,070,428 10 New York .. 100 2,000,000 1,965,400 i."&"i ·10·· ·10"" J a n. '96. 5 20 150,000 163,384 12 12 12 Jan., '96. S Kings Co ..•. N. Y.County 100 200,000 437,900 J. & J. 8 28 J a n. '96.14 50 200,000 211,298 10 Nassau . ..... 10 10 Jan., '96. 5 N. Y.N.Ex . 100 300,000 72,700 F. & A. 6 6 Aug.'95. 3 50 500,000 345,191 10 10 10 Jan., '96. 5 Ninth ... . ... 100 750,000 384,700 J . & J. 6 6 J a n. '96. 3 25 350,000 54,611 6 6 6 Oct., '95. 3 Nine'th W'd* 100 100,000 29,600 J. & J". 6 6 J a n. '96, 3 Pacific ..... . 25 200,000 190,739 10 10 10 Jan., '96. 5 N. America. 70 700,000 567,8 00 J. & J. 6 6 Jan. '96. 3 20 150,000 137,729 10 Peter Cooper 10 10 F e b., '96. 5 Oriental* .. . 25 300,000 413,200 J. & J. 10 10 J a n. '96. 5 50 1,000,000 406,360 10 10 10 Jan., '96. 5 Phenix ....•. Pacific* .... 50 422,700 479,200 Q.-F. 8 8 Feb. '96. 2 25 200,000 58,252 10 Rutgers' .. .. 10 8 Feb., '96. 5 Park ...•.•.. 100 2,000,000 3,214,300 J. & J. 10 10 J a n. '96. 5 25 200,000 16,875 6 6 6 Feb., '96. 6 Stuyvesant. People's* ... 25 200,000 251,800 J. & J. 10 10 J a n. '96. 5 25 250,000 101,864 10 6 6 Jan., '96. 3 Unit'd States Phenix ..•.. 20 1,000,000 422,000 J. & J. 6 6 Jan. ' 96. 3 10 300,000 368,381 10 10 10 Feb., '96. 5 Westchest'r. Plaza* ...... 100 100,000 94,800 New 50 250,000 632,794 20 20 20 Jan., '96.10 Williamsb' g. 6 .. 6 Prod. Exch. * 100 1,000,000 295,500 A. &O. Oct. ' 95. 3 Republic ... 100 1,500,000 963,700 J. & J. 8 8 J a n. '96. 4 Riverside* . . 100 100,000 6 J a n. '~6. 11.g 85,900 Q.-J. ...... * Over all liabilities. including re•insurance, capital and scrip. Seaboard . . . 100 500,000 235,600 J. & J. 6 6 J a n. '96. 3 Second . ..•.• 100 300,000 620,500 J. & J. 10 10 J a n. '96. 5 GAS COMPANIES. Seventh .... 100 300,000 105,300 J. & J. 6 6 Jan. '96. 3 Shoe& L'thr 100 1,000,000 !43,200 J . & J. 6 None July'94. 3 Sixth ...••.. 100 200,000 339,500 J. & J. 12 12 Jan.'96. 6 Dividends an.d Interest. Southern .. .. 100 500,000 589,400 J. & J. 4 4 Jan. '95. 4 GAS COMPANIES. Par. se:l!i!es Period. '94. '95. *Date. Yo Standard§ .. 100 200,000 28,200 ...... ...... New State* ....... 100 100,000 36,900 6 .. 6 Nov.'95. 3 ---BtateofN.Y* 100 1,200,000 489,400 M.&N. See also "ltllsce llan eons" pages. Third .. . ..•. 100 1,000,000 262,100 J. & J. None None July'90. 212 Beckton Construct . . $100 $2,500,000 .............................. .. Tradesmens 40 750,000 72,400 J. & J. 2 None Jan. '94. 2 Pref...... . . . . . .. . . • 100 2,500,000 . . . . . . . . . . . . . .......••...•..... Twe'f.Ward* 100 200,000 130,900 Jan. '96. 3 Brooklyn G. L.-See Unio n Gas Co. i n Misce llan 's. 23d Ward* . . 10(1 100,000 27,700 Aug.'95. 212 Central G. L. Stock. . 50 500,000 F. & A 4 4 Feb., '96, 2 Union . ...... 100 1,200,000 439,900 ............ New 212 Chic.Econ.Fuel,lstM 1,000 5,000,000 J. & J. 5g. 5g. Jan. 1, 1916 Union Sq.* .. 100 200,000 226, 700 Citizens' Gas-1:::lee U nion Gas Co. in Miscell ane 's. U. States .... 100 500,000 559,500 Q.-J. July'93. 2 Columbus, 0., Gas... 100 1,069,000 M. & N. 5 5 N'v20,'95,212 Western . . .. 100 2,100,000 282,200 Jan.'94. 3 lstM.g., red. at 110 1,000 1,112,000 J. & J. 5 g . 5g. July 1, 1932 West Side* .. 100 200,000 311,000 J. & J. _1~• .IN1ole Jan. '96. 6 Consol. (Ba.It.) Gas.. 100 11,000,000 J. & D . 5 5 Dec. 2,'95, ~12 Yorkville• . . 100 100,000 75,100 New Morr.gage . . $500 & 1,000 3,600,000 J. & J. 6 6 July 1, 1910 Chesap. Gas, M • • •• 1,00(;) 1,000,000 J. & D. 6 6 June 1, 1900 Brooklyn Consol., 1st m., g . . 1,000 2,182,000 J. & J. 5 5 July 1, 1939 Bedford * ... 100 150,000 1~9.421 rJ. & J. 8 8 Jan. '96. 4 FultonMun.Gas-See Union Gas Co.in Misce lla n 's. Broadway*. 100 100,000 110,473 J. & J. 'If 6 6 Jan. '96. 3 Hartford City G. Lt. 25 750,000 J. & J. 8 8 Jan. 2,'96, 4 Brooklyn* .. 100 300,000 192,481 J. & J. 8 8 Jan. '96. 4 Indianapolis Gas.... 50 2,000,000 Q.-M. 12 12 Mch., '96, 3 City . . .. . . .• 50 300,000 686,922 J. & J. 20 20 J a n . '96.10 1st mortgage . ....• 1,000 2,750,000 M. & N. 6 6 1.920 8th Ward* .. 100 100,000 32,121 ···· ·· ··· ...6.. .. "5 .. M:et.G.L.(B'kln)-See Union Gas Co. in Mis ce llan 's. 5th Avenue* 100 100,000 56,947 J. & J Jan. '96. 2 Mun'~ Gas (Alb, N.¥) 100 2,000,000 Q.-.F. 8 8 Nov.I, '95,2 First .. . ..... 100 30v,OOO 884,700 J. & J. 16 (1) J a n. '96. (I) 1st mortgage, g .... 1,000 500,000 J. & J. 6 6 July 1, 1906 Fulton* . . . .. 40 200,000 206,448 J. & J 8 8 Jan. '96. 4 M:ut'lG.L.(N.Y.) --Stk 100 3,500,000 J . & J. 9 9 Jan.IO, '96, Hamilton*.. 100 100,000 ;:;8,010 J. & J. 6 5 J a n. '96. 212 N'assau (B'kln)-See Union Gas Co. i n Mis ce lla n 's. Kings Co* .. 100 150,000 108,841 J. & J . 7 7 Jan. '96. 3-½l NewMem.(Tenn)G.L 100 160,000 . . .. . .... n'ne (1) ••••••••••••• Long I s l' d*. 100 400,000 134,340 J. & J. 612 6 J a n.'96. 3 Memphis G. L. bds. 1,000 240,000 A. & 0. 7 7 Apr. 1, 1903 Manufac'r s' 30 252,000 324,593 J. & J. 8 8 Jan. '96. 4 New Orleans G. L. .. 100 3,750,000 J. & J. 712 7½ Jan. 15, '96 Mechanics'* 50 500,000 596,067 J. & J . 12 12 Jan. '96. 6 1st mortgage ... . .• 1,000 95,000 J. & J. 5 5 Various. Mech.&Tra* 100 ]00,000 197,309 J. & J. 10 10 J a n. '96. 5 Peop.(B'kln)G.L.-See Union Gas Co.in Misce llan 's. Na,ssau .. ... 100 300,000 5€4,804 J. & J. 12 Ul J a n. '96. 6 Rochest'r Gas &El.North Side. • 100 100,000 127,581 J. & J. 6 Jan. '96. 3 Common .••... . .........• 2,150,000J.... . .... n'ne (1) Peoples' * .. . 50 100,000 90,432 . .. .... . . ······ Preferred.......... 100 2,150,000 F. & A. 6 6 Aug .1,'95,3 Scherme'h. * 100 100,000 65,361 .. . . .... . · ····· 1st cons. mort . . ... 1,000 2,000,000 M. & N. 5 5 Nov. 1, 1912 17th Ward*. 100 100,000 74,495 F. & A. 7 6 4,ug.'95. 3 Union Gas-See Misc ellan eous. 6 Spra'\ve .... 100 200,000 187,t>Ol J. & J. 6 J a n. '96. 3 Wash'n (D. C.) G. L.. 20 2,000,000 Q.-F. 10 10 Nov.l,'95,212 71,437 J. & J. 6 26tp. * ard. "' 100 100,000 6 Jan. '96. 3 Reg., 6, Series A, g Var's 300,000 J. & J. 6 6 J'ne30,'02-27 Umon .... .. 100 100,000 60,882 J. & J . ...... 4 Jan.'96. 2 1 Reg., 6, Series B, g Va.r's 300,000?, & J. 6 6 Dec.31,'04.-29 Walla.bout*. 100 100,000 43,149 J. & J. 5 5 Jan. '96. 222 Convertible 6s, f! . . . .•••• 600,00o J. & J. 6 6 Jan. 1, 1901 t Dec. 13, 1895, for Nat10nal and Dec. 2 ,. 1895, for State hanks. West. GasofMilwYke 100 4,000,000 1J. & J. n'ne 4 Ja,nl5,'96,212 t Stock assessed 25 per cent in December, 1894. V. 59, p. 1058. 1st coll. trust bds. . 1,000 3,556,000)M. & N. 5 5 May, 1933 '!f Chan1,ted from A. & 0. In 1895. § Incorporated in March, 1895. Williamsburg Gas L. -See Union Gas Co. in M isce ll's. II Cap. stock reduced from $3,000,000in Oct., 1895, and 2 per cent extra dividend paid in Jan., 1896, on account; t;bereof. (See V. 61, p.660.) * This column shows last dividend on ,toek,, and matul'lty of bnnd,, ···s·· ···s·· ··---- ioo 'i..:·&·o: ioo https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis oct: ay,--i so<i:: ian: :~~i:1:1vei-: - - - -- -- ----- ······1 Noiie Noiie :::::: oi>;foct:;0-1.: t,tS INVESTORS' SUPPLEMENT. [VoL. LXII. MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS. ·-- ---- ---- ---- ---- ---- --·- ---- --- ---- ---- --- ---t • • • • • • ' • • • &t. Top. & S. Fe ~y11.189-2*···(7,474 r.o 7,48l m.) . 1893*···· ···· .• (7,481 m .). 1894*··(i,4A1 to 7.45"1 m.) 1q95;,.(7,c!03 to 6,9'>2 m.). St. t... & ~. Fr. S 1 11.1q1u . . .. ..... (1,864 m.L 181H •• (1,86i to l,>lOO m.). 1895 ... ........ (1,600 m.J. Atch. & San Fran,- Jan. Feb. llilaroh. April. 2.779,939 3,051,503 ~.-l77,5l0 2,497,509 2,786,120 2.980.774 2,219,471 2,845,':!61 2,886,467 3,SU,577 2.M9,8lff 2,63Ml3 3,048.518 a,a5t,lfll 8,216,ll8 & 3,fl'.)3.440 2.66l,859 2,62\U2--:I 2,687,83l h2,615,8U 675,695 574,113 569,•! 38 f\!'i8,107 55l;a4.4 5.;8,255 78~,9tJ3 634,76~ 639,322 696,0,11 6ll.064 64.3,1117 June. J11ly, Alllf, Sept. S.258.425 8.295.304 2,332.7n h:l,238,658 3.287,229 3.00'l,32::1 1,852,61~ h2,2U,913 3,f\21.74:7 :3,0l7;~57 2,74,;),117 ll2,538,7J3 3,855,9'.53 3,255,280 2,662.17.! h2,525,U:! '70,181 5:!5,'185 6 .10,799 719}149 5U,833 6J2,453 616,615 7~!J.82-l 6il,9:!4 717,fl25 67B,755 6:14,618 May. 162.8,8 flfS:-J,9'i8 663,699 Oct. Nov. Dec. $ $ Tlltll.1. 3,I-IU,427 8,742,275 3,306,234 39.815,495 8,705,•)90 8,175.895 3,l)ffO,"l~O 80.0ll,li-47 '-l,475,~9:3 :l,27➔,:&2i ·t,901,21!> 31.9li,046 h3,2:17,9l0 h2,9Jl,976 h2,7H,48! 8l,361,36':I 807,270 ~O-l,708 805,405 n3,llQ 72:1,272 717,651 626,083 65U.>.3 IS5!,62~ 8,563,956 7,61H.IU 7,887,161 ::;~;:m 8,727,198 3,688,881 4,130,540 8,912,175 4.3~8;!98 4,0'30,4'fS 8,663,872 3,072,905 4,512,36') 4,1118,814 3,6'3fl,9U 47,577,H'l 8,1f\fl,74'1 3.340.927 4,2it,10 ' 4, •101,f\111} 3,5:i8.tH8 89,tHl,187 3,051,623 2.8l0,715 S;c!81,!'i7>1 3,272,<;123 3.2?t,381 2,91~,1110 3,0iIB,9!7 2,899,Ll6 3,271,635 8,311,2,l,9 h'3,27,1,01S 1'2,919,457 1'2,864.,3116 hS,~20,687 h3,210,03t h4,0i3,3l5 h3,709,6:Jll hS,433,051 39,220.~~11 U!'l:3; •••• . •••. (9,'.l45 m.). 1894* (9.815 to 9.256 m.J. 1895:1: (9,103 to 8,752 m.) . Balthnore & Ol1io1802 .•.• (t,968 to 1,91-19 m.). 1893 .•.• (1,99~ to 2,'153 m.). 1891. •••• (2,0:"i:i to 2,0i> m.). 1895•• . . (2,'165ito 2,095 m.) . 2,0::»ff,805 1.a1.o.07s l,Ml,ltS9 l,6cl8,435 1,931,6711 l,d16,tSf\6 1,:1117.907 l,496,5L6 2,091,590 2,Qf\5,161 1,765,5U 1,815,:360 2,05\,952 2,010,q28 l,•1:l0,928 l,737,il92 2.050.866 2,164,'ltl'l l.6LO.'l79 1,899,764 2,095,639 2,232,128 1,7,:16,:,87 2,0il0,019 2,0'36,!>M 2, ll\>.,071 l,82S,2t6 1,010,103 2,U5,1l2 2,2iM,1197 2,197,46, 2,214,49~ 2,615,620 2,820.·a2:5 2,085,U6 2,132,506 2,830.'\07 2,1112,721 2,l'>!'i,4W 2,-&70,34.!3 2,l38,!'i38 1,905,891 1,1110.-&l'Jl 2,08:J,81!0 2.Hl9,ff57 1,8B3,0'rn l.>l74.87tl •..&,OJ'i,2.:id 26,093,13'1 25,210,ttiO 21.7111,110' 23,446,719 m.). m.). m.). m.). 591,875 591,433 495,7fi6 501,775 54::1,09;} 5">5,305 40'\,22fl 485,011 557,'a"!S 5',1,04'3 5:H,085 538,2311 49'1,901 5!6,812 489,2110 503,205 502,25i 510,411 453,801 48'3,019 4115,992 55t,II 14 4:55.59l 4:!9,0L9 541,77J M7,8il4 519,2U fl89,'318 59>,013 tl0.!.03:) 592,21.o 65~.601 5J0,2tl 587.610 •601,767 638.2n 577,!H6 5~4.101 *dll,049 538,::107 516,3 '14 528,7l4 545,716 571,426 534,651 516,7118 •1H5,d9i 6,816,612 6,672,~46 6.2.:12,503 6,415,9ti! 1992 ........ .. .... (2i>4 m.J. 1893 .••••••• (294 to 331 m.). 18114 ••••••••••••••• (884 m.). 1895 . ..... . .... ... (814 m.). 236,81)1 2l!'i,690 218,7l4 238.~08 230,309 2:{2,919 209,891 181,731 230,006 269,'i9~ '307,1151 IH.8-\7 231,50~ 2H,flt2 80:J.85~ 119.1-!51 2Bl,93i 271,20fl 317,31,J 2i'l,l:H 291,719 286,621 810,411\ 2J6. l 7t 275,015 290,611 22-'3,77! 255,964 2i'i,494 :121,f\-16 21fl,201 216,775 2,0,099 267,495 809,322 28-S,18:l 2~4.,774 217,6;7 28 ~.913 27d,008 261.614 300,519 251,568 255,0117 253.5Ll •.:33,217 8,204,2/J5 3/193.15 7 2,733,211 a,Odl,759 1892 ..... . ..... T.083 m.). 1898 ............ . l,134 m.). 1~94 .. .......... 1,184 m.). l895 ............. ( l.l84. m.) • 831,811 321,647 802,lBl 2711,711 836,497 295,d22 21l8,924 278,230 8fl4,538 8'12,616 3'.l'J,257 816,747 292.957 280,365 272,6:38 274,722 277.-160 3l0,85~ 281,651-1 2.!2,476 838.421 3lll,8H 273,6~3 29.-.13-i 815,055 275,671 2l3,8f\3 292,:!57 852,729 810,00'i 3111,955 395,517 417,400 4'10,097 ::161,5()5 491,~34 477,662 521,0~il 40~.91}7 639,214 4t6,1}05 405,l.lllJ ::14.5,105 50l,d63 41!1,355 875,0ld 32:1,0114 44.l,18) 4,851,7110 4,224,75'5 8,74-l,83 I 4,5013!3 1,609,102 1,45d,369 1,589,799 l,fl71.817 1.702,621 1,535,583 1,260,323 l.5ff8,46l 1 l,59il,2U 1,6:>5,512 1,800,755 1,154,252 1,8>3~. 119 l,1JOL.47l l,450,4 ➔9 1,171,031 992,032 1,193,259 1.215,Bn l,-Ul,423 1,793,277 1,890,873 1,45i,69J 1,512,812 1,796,095 l,f'!63,2fl7 l,517,tW9 l,54.3,5U 1,820,3~~ 1,87:3,626 1,f\'55,552 1,675,iltH l,87a,03l l,1118,%1 l,77d,'l5!l 1,020,398 2,112,763 2,161,821 2,190,IJfl-l :&,291,857 2,08-1,457 2,018,'! 97 1,919,-15-i 2,129,025 1,891,128 l,IS83,881 l.554.l-l">0 •1,0&1,000 21.409,850 20,962,!il6 18,752.168 18,9:i 7,420 1,148,787 1,102,002 1,2i7,528 1,811,IJU l,343,2il8 l,~-11,41\G l,2 ➔ l,9t3 1,214,79:3 1.26:-1,970 l,0.\9,U6 l,2l0,42:i 1,120,963 l,15'>.817 1,021,0.n 1,083,965 l,t:32,0:19 l,U7,881 1,277,399 1,181,218 1,271,70>! 1,803,03':i 1,097,831-1 1,257,871 l,l09,78B 1,145,012 14,168,607 1,17!,5B9 l,09 v,t15l U,482,7.!i l,05l,5110 ··••·• •· 1,279,681 930,735 85>.,0118 789,:Nt 8H,510 901/1113 831,421 870,>!l:l2 9)6,915 Ba.It,& Oblo Southw.1892f............. (IH7 1893/•.••• .•••.••. (917 1891/ . ...... (917 to »2l 189~f.. .. . ......... (92l Buff. Roell. & Pittsb,- Burl. Ced. R. & No.- ,.... ··r,., Canadian Pacific- .,,. ... ,. 1893 .... 5,95~ to to •• 6,290 m.}. 1894.... 6.290 to fl,3~ m.). 0 6 1 0 s~1:~· ~ 1892g ......... . .... (624 m.). 1893(1 •••••• (62B to 628 m.). 181lla .............. (!12~ m.). 1895g . ............. 1628 m.). Che11apea.ke & Ottio189211 .••• . .•• . ••• (1,2'5\ m.) . 189Sa ••• (1,251 to 1,278 m.). 1894a .• <1,278to 1,86'1 m.J. 189511 . ... .. ......~,880 m.). o~~t·o N! ie~ 21,.mm 974,805 1,138,334 1,176,230 1,098,6!8 l,063,782 1,100,655 1,223,690 1,164,47:i B9i,1U 764,861 8\J'\,25>3 9L2,383 852,43.:J 793,735 1.0j9,8t8 1,019,401 754,5CO ':37,Y56 756,070 781,105 76l,573 76/J,822 666,377 61.B,948 '·""·'"I 49B,50 ➔ 200,9 ➔2 747,420 876,808 740,7t9 801l,153 734,697 881,62::1 6il2,20i 741,328 744,455 8fl3,120 571,801 833,i;ll 1892 .••• ~6,692 to ,82'3 m.). 8,008,790 8,068,385 8,252,7'16 1803 .... 6,822 to 6,887 m.). 9,052,293 2,992.~38 8,367,5!';11 1894. ••• (6,887to 7,041 m.). 2,~8/J,1180 2,427.8112 2.719.855 2,254,52(} 2,0i:10,550 2,378,886 8 2,757,629 2,9J0,39>l 2,495,64fl 2,338,145 2,822,975 8,290,812 2,511',Uf\ 2,477,201 8,326.2~5 ::l,l!92,679 2,3B3,44-l 2,3cS!,60l S,214,18!J 2,919,37' 2,45B,59-> 2,51':!,791 3,720,196 8,07f\,311fS 2,984,143 8,01,.1116 4,185,598 3,5l0,19.:I 2,>329,815 ::l,OIJ8,hJ8 4,089,453 8,813,74-1 8,0:!l,1119 8,423,7~2 Otalc, Burl. & ulncv- 01189t t°!:........... i.?il!;t~, iirf ~o°t8'.:. •• (480 m.). 823,185 8111,523 698,32l 778,512 877,216 l,00~,870 855,lU 81}2,87 < 935,389 80MIH 780,0U 8:16,7!7 1898 ........ (480 to 515 m.). 1894 . .............. (515 m.). 1895 •••.• . •(515 to 521 m.) . 811,574 853,603 304,183 883,1157 29fl,920 845,559 286,fl17 281,710 825,063 868,986 282.221 289,420 81~.94~ 830,18B 274.512 284,961 29iJ,Ol2 3BO,l50 165,112:! 2'.>9,6:)1 819,970 8fll,IIU 179,-191 283,53i 837,818 31S8,0-:15 218,•J94 3l2,57d 400,273 8117,140 8 15,ISU 839,'i68 403,188 428,:-:193 80l,•H7 335,193 415,231. lel9~ .. .......... ,.(922 m.). 1898.............. {922 m.). Ul94 ........ .... (922 m.) . 1895 .. ............. c0a2 m.) . 955,274 878,o:n 256,99d 217,416 374,102 847,547 290,l07 2l7,2d3 414,852 878,814 837,857 2d4,570 858,635 800,937 3.58,61}2 272,t,tl 295,987 415,612 3611,616 2a1,02e 815,88~ 402,'il3 316,4·~8 223,157 83:J,-i57 507,31.8 3Bl,977 878.427 40:3,935 1892 •.•..•• . •••• (5,721 m.). 18\ISe .•. (5,721 t.o ff,086 m.l. 1894e .•• C6,088 to 6,H8 m.). 1895e •.• (6, l48 to 6,168 m.). Ohle. & Northwe11t'nioi}2. ••• · .• , .. . ,.(4,278 lll.). 189'.lb .• (4,278 to 5,081 m.). l894 b............ (5,031 m.). H!95.b .... ....... (5,031 m.). 2,420,917 2,555,182 e2,154,823 61,894,a79 2,301,102 2.1n.ou 2,428,017 2,251,619 2,161,446 2,706,856 2,ffU,658 2.540,'l9l e2,106,7:!IS e2,515,711i\ 62,257,'a!U 62.259,714 el,927.522 e2,25B,237 62,054.,183 e2,U4,093 2,581,77; ~.747.979 62,:H3,IH2 e~,2B3,865 2,716,099 e2,59J,!:l'S5 el, 77Y,22fl 6·t,299,2U 2.236,702 2,242,180 b2,1811,3l5 tH,934,560 2,266,183 1,978,550 b2,182,6-12 bl,892,618 2,535,790 2.8l>l,8i6 b2.58o,8l5 02,401,433 1802 ............. (3,456 m.J. 1,348,715 1,503,866 1,531,A'.le 1,481,500 1,:i90,4'!2 1898 •••. (3,4.56 to 3,571 m.) . 1,480.148 1,55l,7BII 1,705,711 t,54f\,6B'a l,71lfl,77-l 1894 ............. (::l,571 m.). l,4'.lfl,788 1,41-1,877 1.62:i,lM 1,135,8:dl 1,4.58,173 18057' .••••...•.. (8,571 m.l. 1,223,220 1,185,441 l,330,87d •1, t37,9u5 •t,l67,2U Chlca.iro Gt, West.- Ohle. Mllw. & St. P.- Cihic. R. Isl. & Pac.- Ohle, !!!It. P. lll. & 0.,- 2,49i!,061} 2,4~6,617 b2.42'!,963 b2,208,707 84➔,66/J 2~2.019 231,153 2,356,2U 2/105,607 b2.l77,469 b·t,138,257 830,lf\2 788,775 79ti,901 880,637 . ····•· ......... .. ... 889,0SJ 7L8,:{3J 800,217 11.!5,d-:!O 9,955,849 9,865,471 11,127,6118 9,79!,81:!7 3,522,ll02 8,5U,276 i0,4l2,40() 8,194,534 2,896,231 3 ➔ ,356,48! 2,51:l9,5lll 2,480,358 81,514,87-l ~.1138,>:!51 ........ ········ 480,172 851,01-13 i05,725 370,\100 342,915 !H8.1!71 •3611,lllt:! 81l9,5it 85J,7fl0 3:{5,>\97 *3cj2,t7; 4,199,032 8.421,340 8,81Sl,71St l'.164,608 45l!,9iB 8ff6,620 425,649 528,25~ 456.~86 391,3'36 *47L,6:!U 4411,958 311,221:1 ::JU,8l8 *d9l,4tl7 458.885 8>\3,60 1 281, J5d *,3!9,4911 5,2113,240 4,488,767 3,6.'>8.0l8 4,05 !,003 2,760,012 e2,107,813 62,498,078 e~,662,9:'!5 8,109,875 e3,04:3,550 62,809,:-J75 e3,08t,291 8,55'J,5'a0 e3,112.!,tS58 e2,91J0,874 ed,t151,8d3 8,!H0,281 e3,168,07B e~. 'llll,014 e.:l,H6,1:!89 8.1~.9~3 e:3,531,17! 6~.20!,5~4 e'a,701,65d 33,340,618 31,005,571 28,t7.::l,386 30,608,001 2,970,'J3':1 l!,912,2H b2,441.0U b2,-i':15.581 2,791\,6:U 8,062,525 2,f\89,422 2,1102,676 b2.208, 198 Ml, 750,5a-l b.l,tSi3,511 b3,070,528 3.207,"!80 b3,3&5,12l b2,743,061 b3,251,430 s,3ot,420 b3,8ill, 740 b2,905,3<13 b3,774,590 2,81-1,0:;s b2,677,974 bM3d,7H3 b3,0:!7,3tS8 2,flfll,657 b2,09~, ·~51} b~.Ol6.8411 b2,614,788 32,770,962 32,291,176 211.059.547 31,50:1,309 1.693.83'1 1,8111,HO 1,403,17-i '1,183,3.ll 1,tW.6,4% l,6t5,55t l,lll9.535 •1, 176,9!.:i 2,oq3,10s l,931,4 71 1, 751.Hl •1,455, 700 2,317,733 2,250,980 1,7d0,l28 •1,511,3.:!0 2,151l,509 ~.$07,077 1,773,>135 *l,7!0,79j 1,760,330 1,Btl.iill 1,500,135 1,39cl,774 l,691,'aa5 1,814,707 l.3>19,05!J *1,277,!:H3 20,617,882 21,295,901 18.162,LO~ klo, 76v, 110 4,4 ➔7,880 m.). m.). m.). m.}. tS30,029 654,72i 593.005 464,0~7 fl37,591'! 600,5:lo ~50,95~ 443,5::15 747,878 718,551) 614,035 523,878 R2S,50'.'i 599,216 511.92l 466,349 572,46! 6':17,858 861,117:3 518,98.:J 76'!,987 t\55, :1-;5 610,2J6 47';,d.U 728,6~2 556,&0l 408,046 538,110 783,483 Ml,81)3 612,503 701,0B.:I 870,S'U 1,02-1,972 7B-l,417 1190,-l3\J 703,!d7 803.7 1 10 8it,Lll6 1,014,093 9fl5,'l0! 815,201 6>10,-197 831,525 8U,089 U f),tl4 fd4,0:18 9,232,912 8 ::J2>l 0211 1:201:010 1892 ............... (836 m.). 1898 ............. ,(886 m.). l894 . .. , ....... •... (836 m.). 1895 . ........... . (836 m.). 319,457 so3,si, 297,000 270,000 868,942 819,827 280,000 210,000 84.2,103 874,105 818,000 288,000 828,RQR 824,57;} 2t9,000 291,000 344,901 843,016 2t7,000 296,000 816,595 843,614 251,0UO 297,0)0 859,838 8:i0,\>.36 268,000 822,000 364,3/J2 811,68~ 292,000 a20,ooo 3/J2,537 807,04"! 29fl,OOO 311,000 873,265 3i2,00J 837,000 348,754 333,000 8111,vOO 850.741'! 8LO,OOO 29-:1.000 4.21fl,700 8,942,937 8,447,000 1892 ............. r95 m.). 1898 ............. 295 m.). 1894 ... . ... .. ... 295 m.). 11!95 .••• ........ 295 m.). 148,384 152,454 127,000 183,000 166,787 14'3,123 109,001) 108,000 148,457 161,48fl 119,000 118,000 120,989 131.279 100,000 109,000 133,09() U4,791 95,000 107,000 18t,q73 139,821} 108,000 112,00,) 141,983 131,047 100,00() UJ,000 145,963 121,726 110.000 183,000 151,273 121,24'1 l2l,OOO lJll,000 · 165,5:54. 17.},000 15-1,003 173,177 165,513 186,0JO L':'0.8~6 187,51.:1 rn0.0'!2 16B,OOO 172.:iffl •HtS,4111 l,79B,848 1,778,959 l,495.2d 0 1,619,181 1892 .......... ~1,140 m.). 1803 . •••.• ••.•• 1,140 m.). 1894 . • ......... (1,140 m.). 1895 . •. .•• .••••(1,140 m.). 686,212 69i,698 643,000 619,000 762,081 68i,519 56H,000 523,000 678,327 749.726 622.000 602,000 880,601 631,>l58 491,000 573,000 654,304 672,807 ·189,010 5,a,•JOO 655,065 662,44'-! 501.0uO 5tlU,000 70'!,739 629,28-i 5011,0)0 612,000 695,6·H ri~:5.414 578,00 I M6,000 7'01,658 5115,376 600,llOO 6:!5,00ll 785.2'12 827.573 758,000 7fl7,206 821,726 78 1,000 802,699 758,116 7dtS,000 8,530,724 8,Sl8,5rn 7,250,00cJ 1892...... • •.•.• (l,8'i0 m.). 1,100,615 1,106,40(} 1,178,795 l,113,676 l,Oll7.35i 1,ao1.010 1,286,750 l,4U,900 961,899 1,202.!47 1,108,971 1,181,755 l,2lll!,104. l,205,2'i2 1.~•J7, 142 1808....• ........ (1,850 m.). 1,006,761 940,212 876,393 1,055,812 1,001,223 1,021),08! t,021,0fl6 1:121,562 1.216,1.178 1894.............. (1,850 m.). 1,058,614. 970,931 1,102,801 1,101.,082 1,181,538 1,1::11,748 1,162,134. l,29t,29l 5 1,:'397,84.7 1,2:17,76~ l,i05 . .\77 1,2.:18,5~('1 1,351,06tt l,t56,460 l,21l0,&c10 1,327,485 1,215,3:19 1.100,0.10 1.i02,72» 1,2J2,63l 1,300,209 1,110,071:! 1,101.5 14 1,155,a?;O U,894,07!5 18,7~9.61S8 l2.9i>i,UO 18,1n2.~61 1892 ........... (l,4~t 18118 •••• (1,481 to l,49~ 1894 ....... .. ... (1,492 1895 ............ (1,492 Oln. N. O. & Tex. P.- Ala. Gt. Southern- Whole Erla.nirer 8y11. Cl. Ola. Chic. & ~t. L.- o~1~ eociii:v:·i·~~f?":2 · 1892 .. .. ........ . (829 m.). ········ .... ... ........ ........ ........ ........ ........ ....... ........ .......... 247,599 2714,427 188,589 201,803 221,630 2-l8,568 171,199 181,298 2'M ,8fl4 275,522 :&19,9·~0 173,219 285,9:39 276,8lt:! 231,903 190,8B7 287,264 215,411 10:-:1,ua 125,821 278,677 822,311 199,755 181),100 277,560 8()3,008 220,5411 •210,813 80B,334 216,361 831,468 •2511,20·~ 822,!'i8t s r17,9g7 277,8111 *488,9:15 816,410 321,117 30:!,8~2 •3Ji,71S1 Jl}i,001 258,826 i211,414 *..172,13::! 72~.842 748,616 530,608 531,515 701,993 670,27i! 482,146 493.152 69~,733 731,800 480,4ff8 481,787 62-1,680 652,~U 500,46~ 546,470 685,495 757.7l7 557,'lll 576,803 'i75,28:S 747,189 ti'll,8Bi 5711,57d :770,578 478,891 43"!,861 648,589 945,40~ 4'14,218 614,80:! 66:!,510 82:5,7!0 578,8dJ 653,031} 611,693 8l5,5fll dfl8,429 72tt,75• 770,059 8i8,fl99 637,609 65~,113 708,651 803,2W 575,430 51H,1181 *i:107,500 9,221,741 7,781,9ld fi,760,10 9 7,27d,31S 7 242,108 230,291 177,138 175,6U t56,276 203,126 208,812 168,060 807,5311 288,382 258,758 835,257 230,412 2>13,6115 11}0,r'l,7 227,0,:ttj 218,598 239,611 187,781 209,131 212,069 243,1)09 1116,15"! 198,267 216,082 2J5,992 180.ooa 211,151 225,4'.lt 206,098 20ii,5&2 i2t,24:l 237,701 210,IS13 201,012 208,U! 240,80'3 214,3-.15 216,98::1 238,40j 2l5.0l5 1811,861 192,271 20::J,55l 264,721 19ti,272 191,079 •111:>,797 2,886,714 2,725,238 i,392.726 2,41J2,30i 9158,10?. 1,013,01.5 1,444,630 1,081,541 1892• •• (3,H2 to 8,'al!'l m.). 992,lfl9 1,142,663 1~3• ••• (3,215 to 4,087 m.). 1,067,155 000,640 1,17:l,IJ57 1,145,493 l,Hl,465 837,127 887,821 1,:~:m 1894* ••• (4,037 to 4,049 m.). 605,:it2 1,013,443 982,837 881,939 1895•. . •.•• (4,049 m.). 889,573 1,186,532 l,Ml,831 1,231,301 1,345,521 1,178,887 1,309,822 1,861,551:1 1,421,416 1,181,946 1,156,232 1,3d3,i19 J,-l36,209 l,B50,735 l,61::J,533 l,>\76,8J2 2,0IH,858 2,021,794 1,977,92:i 2 ,147,111:17 2,519,6J! 1,935,449 l,805,l9i l,lltii,31'.14 2,!U5,~66 1,575,698 1,25::1,917 l,:Ml.tS52 l,81a,234 16,176,189 16,086,311 15,167,05 18,126,38 1,709,131 1,803,718 19,::110,5".l9 1,872,068 l,7J0,319 ~2.010,970 l,~42,081 t,751,486 18.a45,88 2,'M3,39:l •2,o.i4,0g7 20,4114,0a' 1898 •.•• , ......... (829 m.). 189'1 ........ •• • •••• <829 m.). 1895 ..... ....... . .. (829 m.) . Denv. & Rio Gra.ndf'- i892 ••••(1,687 to 1,646 m.). 1898 ••• (1,646 to 1,657 m.). 1894 ............ (1,657 m.). 1895 •..••• . •.•••• <1,657 m.). Flint & Pere Mara.1892 .............. (fl!JO m.). 1898 . •••••.• (680 to 689 m.). 1894 •••• , .......... (639 m.). 1895 ••• .••• • •.• (639 m.). Gt. North'n System- 1lllnol11 Central.- 3,372,586 299,734 2ll!.4U 3,270,882 209,l52 2,tS88.700 *..&3.:!,208 c2,654,48 8 1892 • ••• (2,884 to 2,888 m.). 1893 ............. (2,888 m.). 1894 .. ........... (11,888 m.). 1895 .••••...•••.• (2,88S m.) . 1,504,832 1,546,595 l,48B,088 1,600,156 1,570,163 1,452,104 l,42~.810 1,415,804 1,566,66B 1,667,ldl 1,480,847 1,583,284 1,410,308 l,5t2,99i 1,817,4.2,j 1,460,481 1.458,854 1,739,5<>7 1,427,t:!71 1,651,83J 1,605,825 l,952,40tl l,387,83rJ l,50d,\J27 l,4l9,56f\ 1,789,736 1,212,118 1,508,856 1,591,017 1,1108,85rl l,595,2J7 1,610,0IJB 1,762,821 2,170,817 1,585,2!JI) 1,7211,0il.? l,87'!,110 2,6B8,313 1,811,ljU 2,24;,841 11392 ............... (497 m.). 1898 .............. (497 m.). 1A94 .............. (497 m.) . 1895 .... ...... . .... (497 m.). 173,956 152,659 149,956 llll,582 150.21\2 140,503 151,051 121,815 14fl,990 171,220 156,125 124,556 128,807 131,061 12:!,285 115,655 123,508 155,147 125,427 H8,019 152.799 158,290 105, l49 12.!,813 HS,901 131.378 120,747 H2,3J<I lf\5,817 147,6\ I H6,5~ 1-12,889 18:J,709 177,721 13~. 152 1511,4m 196,ill8 201,30B 158,&67 l:Jd,9ld 169,08~ 171\,64 I 148,t63 163,U5 183,318 181,363 1811,807 •156,977 1,921.,395 1,918,1:114 l,t:!87.371 l,ISTIS,41 0 1892 •• , ........... (725 1898. ,. ............ (725 1894 . .. . ... . ...... (725 1895 . . . ............ (725 285,279 271,668 234,0B8 289,289 2fl3.325 289,201 287,047 261,512 276,075 334,11011 262,135 2114.816 24'5,lt\l 285,536 253,0B8 802,680 Z'>9,5l7 :496,037 282,391 807,785 258,50A 268,526 800,186 282,978 275,>H2 l!el0,987 8'>3,225 300,540 353,738 3~0,485 818,219 Sl0,1'15.~ Slff,730 21}2,3511 844,905 236,0JO 297,087 331,864 29~,580 254,\118 292,6ll 807,157 816,170 276,240 806,190 •312,0-13 8,558,48 8,512,6·~1 8.315,40 4 3 520,4:.! 7 I <twa Central- La.ke Erle & West'n- m.). m.) . m.) . m.). LutisvlllA <11: N11.11hv.- 26 ➔,825 29!,57:t 1892 . ••,(2,866 t.,, 2,043 m.). l,581,li84 1,781,1\58 1,758,407 1,621\.027 l,707.fl78 1,716,196 1,834,271 1,1117,873 1,907,125 2,038,152 1,956,609 2,080,897 21,859,47 7 1893 ••• (2,943 to 2,955 m.) . 1,857,661} l/ili,568 1,892,:')I! 1,675, 'iO:J 1,761,613 1,7l3,IH3 1,697,20~ l,52i,6:ll 1,48B,559 1,619,552 1,734,117 1,674,850 20,474,68 2 l~t . .. . ... . ... .. (2,955 m.). l,654,610 l,481,12i l,B58,489 1,::197,91)9 l,4-il,461} l,5U,60~ l,42i,903 1,692,667 l,IS88,l:!00 l,':'fS5,lll8 1,795,020 1,7lfl,-!O! 19,405,29 3 1895 .•.. •(2.955 to 2,9 ~8 m.). 1,602,102 1,36-1.>f!O 1,flG9,100 1,43~,\>.84 l,5!:13,3B4 l,:H7,3t7 1,6i2.91i 1,7.!7,HIO l,611:-3,ll8i l,ll79.59~ 1,sns,590 1 L,742,700 19,7(11,0i 2 • Approximate figures. Includes Colorado Mtdl'd f •Jr all periods down to ll.nd inoludmg Aor1l, 1895; after tnat Colorado Mldl'd is not lnoluded. a lCli.za.betht'n Lex. & Big Sandy, &c., tncluded for all the yea.rs. b Inoludes Milwaukee Lake Shore & Western after August 31, 1893. c Embracing corMotions found neoesHrY after monthly totals had been published. e From and after July 1, 1893, includes Milwaukee <'t North&rn. f llloludes Ohio & Misslsslppl for all the yea.rs. (I Figures oo not Include New York & Lon1r Bra.no!\ Dlvlslon. h Figures do not include results on Colorado Midland. 7' We use actual 11&ura& er earnings for all the months preceding A.pril, 1895; after that simply the monthly estimates · wb.ioll genera.Uy fall very much short of tho l;\qtq3t\ ~qt,als. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * RAILROAD EA.RNING·S. JANUARY, 1896,J 149 MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS-(Concladed). Jan. -Loal■v, ---------l ---• N, A, & Chlc.- .Feb, I 1892 . . ........... . ·i537 m.1. 18Q3 . .............. 537 m.J. 1884 . .. . • • .. • ... . . 5/J7 m.). 1895. . • • • ...... (537 m.). 202,808 204,663 174,976 216,i99 228,241 2'l5,\lll3 174,008 201,657 1892& .. (1,803 to 1.847 m.). 189Se ........... (l.847 m.). l894e .•• (l,847 to 1,81!0 m.) . 1895e ............ (1,860 m.). 613,022 6:!4,660 '717,214 '793,043 189-l ..••.•••.••••.• (370 m.). l:ffJS ............... (370 m.). 18~ ........ • ..... (370 m.}. 1895 ... . .. ........ <370 m.). 18913• .. <1.672 to l,';08 m.). 1893• .. (l,708 to 1,723 m.). 1894• ..•(1,723 to 2.023 m .). 1895• .•• (2,023 to 2.080 m.>. Mex i can Centrn.l- lllnnen.D, & ~t. Loul8- lllo. K an8a11 & Texa11- Mo. Pac. & Iron Mt.- lle.rcb. A prtl. .May, June. ------------S I S I .July, Aull', I 261,004 287,247 234,112 251,780 2613,714 266,791 2ao.358 2C4,969 258,498 298,573 233.604 S:i5,523 283,l'i'o SSl.fl:-19 247,176 282,580 294,257 317,001 220.111 289,158 607,350 601,771 689,188 708,564 tIBS,665 702,H5 714,248 817,129 659,849 725,278 600,260 770,595 1\70.832 712,743 784,301 782,718 619.P76 AA2,2S'i 692,740 7.H,861 126,925 126.956 122,46:-1 119,142 lfJl,792 126.375 125.223 112,230 168,473 ll\0.113 143,845 147,2811 140.316 130,802 125.141 H3,657 136.575 148,915 140.940 157,72~ 622.654 737.f13!i 7111.648 953,60d 625.096 641,335 631,670 797,157 681,399 668,121 744.190 028,046 718.92.'I SAA,636 781,900 901,851 746.824 8Afl,22'7 689.531 71:11,120 Sept, Oct. ----- -I I I Nov. I Dec. Total. 2'17,888 228,930 243,118 ~:l:8,~69 8,800,102 3,455,572 2.889.138 S,220,644 -- -I I 832,159 SS2,28Y 296,787 314,166 328,277 362,514 281,663 301,518 309,679 352,421 292,527 317,950 21\9,402 247,592 259.7ll8 273,575 1\53,077 580,889 635,811 731,728 630,147 6!19,698 6lH,567 7'70,115 631.379 563.201 686.553 748,776 772,009 720,991 768,744 930,100 719,260 699,473 682,950 806,610 750,688 718,914 756.447 •890,976 7,968,254 7,981,768 8.426.023 9,49-l,245 178.191 lf\6.547 125,702 153,505 17El,,i83 140,0~ 112,:lSl 15i,460 174,21:1 130.817 169,4oi6 194,844 176.304 1112,672 184.135 193,2713 200.345 201,745 220.205 245,797 206,251 157,745 172.475 195,196 179.194 132,552 135.465 *146,430 2.'122.062 1,785.264 l.7n.361 1,1161,554 776,618 841,677 611.115'J 859,036 850,452 753,5115 746,891 750,2fl9 901,096 998.096 1.046.374 965.843 954.700 9.838,075 704,471 81J5,5\IB l,2'38,226 1,100,757 956,031 10,370,327 840.049 1,026,682 l,4tVlfIB l,l:!28.~5t 1,063,757 10.50~.500 881,311 1,055,267 1,242,492 957,054 ~53,37! ll,060,t35 1892••.• (5,278 to 5,375 m.). 2,087.978 2,206,062 2.169,-iSR l.958.429 1.908.384 2,088.921 2,132,544 2,662,858 2,768,126 2,738,327 2,567,569 2,400,981 1893 ............. (5.il75 m.). 1894 ............. (5.375 m.). 1,666,llJd 1,510,295 1,942,003 1,817,741 1,889.333 1,692,6!5 •l,716,000 *2.069,000 •2,059,000 •2,506,000 •2.256,000 •t,136,000 &·oi,:iJ~378 m.). 285.178 806.415 287.204 259,687 1892 ............... (687 m.). 263.480 248.092 242,703 249,SOR 276,919 292,379 302,587 327,780 806,082 274,396 ~.129 250,115 1893 .. ............ (687 m.}. 290,426 259,748 250,835 207,134 2.!5.394 302.110 338,854 34·1,874 293,841 256.737 281,822 2fil.9ll8 260.012 1894 ............... (687 l'.ll.). 245,671 209,085 233,320 2:&8.208 817,900 382.014 380.S.'12 270,608 231,003 2::!3,612 266.454 1895 .. . •••.....•.. (687 m,). 291,670 255,050 2i5,257 250,812 •271,1:!43 •876,1$2( •J62,9j7 •371,106 Ne.s h v . Chatt.& ~t. J,.397.878 434,707 419,4118 410,00:& J.892a ....... . ..... (810 m.). 418.116 400.986 480,835 447.766 44~,127 478,239 425,045 449.Ul 1893a . •••. . (810 to 885 m.>. 1894a ..••.• (885 to SI02 m.) . 882,801 ll!0,832 394,672 387,189 1895a ............. (902 m.). 388,066 342,570 875,565 401l,l:!03 4~,5M 470,814 491,701 45!:!,291 N. Y. C. & Bud. Rtv.1892•.•.•.....• (2.096 m.). 3,321.860 S.505.415 3,577,28i 3,635.848 3.648,403 3,641,198 3,7113,039 4.061,441 4,212,115 4,28A,878 4.0fl3,501! 3.845.898 1893 .•• (2,096 to 2,334 m.). 3.456,344 8,285.052 3,96'i.464 3.765.035 4,001.613 4,197.806 3,926,231 4.068,912 4,i21,704 4,350,295 3,1:197.4:30 3,5'JO.l87 1894 .••• (2,334 to l!,396 m.l. 3,171.097 S.003.!Wl 8,547.767 3,2n,785 3,304,803 3,337.999 3,158,003 3,l:!91,468 8,7o8,d5L S,8.i 6,~0 3.~7.003 S.6H.\l9f1 1 ~ •.•... .. ..••. (2,396 m.). 3,150,709 2,960,689 3.718.420 3,450.229 3.608,066 3,436,878 8,545,49-, 4.081, 745 3,97d,:UIS 4,185,301 4,201,746 4,020,847 N. Y, L, Erl e & W.1992 . .•.••..•••. . (1.698 m.). 2.186.570 2.278.623 2,472,480 2.485.235 2.617,566 2.742,728 2.784.659 2.677.501 2,806,689 2,758,592 2,583,144 2,589,137 hi93 ............. (l.701 m.). 2,19:&,862 2.100,482 2.644.65u 2,378.065 2,501,615 2.668,tlflS 2.5!4,tStlO 2,523,585 2,585.7JtS 2,722,ll8 2,300.37t 2,187,~67 1994............ (1,701 m .). 1,748,634 l,5i7.357 l,991,6t8 1,886,790 l?.024,206 2,180,421 2,02iJ,224 2,274,22:l 2,225,ltS8 2,356,218 2.230,43d 2,0U.415 ld95a .... ....... Cl.701 m.). 1,887,3111 1,766,438 2,1911,579 2,017,2!8 2,2'76,212 2,223,76l 2,3~3,167 ... ..•.. ........ ... .. .•. . . . • .... ..... ... N, Y. O nt. & We8t'n201.289 217,821 251,916 281,484 306.1.18 1892 ............... (477 m.). 332.989 351,3f<6 355,835 308,201 306,460 279.5114 280.717 1898 .............. (477 m.). 1894 ............. .. (477 m.). 276,7Zo 22s,602 200,024 285,563 2ss,u50 1895 ...••.••••.. . . 1477 m.). ao1,092 353,441 S71l,9oo 308,5:n 861J,810 349,275 •208,9.Jo N, Y. S11 ■a. & We11t.113,932 113,851 120,759 134,939 151.591 1892 ....... . ...... (157 m.). 155,0613 160.436 162,557 168,932 16'1,484 149.8Ul 118.549 114,598 104,391 lS.'5,102 145,728 169.663 1893 .......... .. .. (11>7 m.). 165,153 164.407 15::l,SU 15'i,47tS 16d,5-SO 163.241 1311,7>7 1894 ....... (157 to 225 m.). /137.887 fl20,798 /151,768 /187.220 /l65,IJ90 /176.056 fl66.H8 fl50.999 /156,340 /210,219 /196,005 /193.574 1895... . . •• . .... (225 m.). 1200,857 /157,984 /191,816 /!.73,500 /171,H8 /180,ll07 fl9J,478 fl91J,40tS /183.065 /t2J,711 /t06,009 /192.500 27,684,662 I:~gj~~ u~g;~~ ~:~~g:~l tm:&~ ~:M3:~g~ l:i~:m }:~~:iM }:~~:m l:8~:~r: i::~i:m ~:m:~~ NM:~~ ~i:gg::ffi 23,3H,210 ltl.l=t~ie· !H:~~ m:ri~ :~:Mg ~i~:~ ~~k~ Nor folk & We11tern- ~M:~g: i~:~~~ :~:g: i~:l1: ~6:~~ ~~A:8~~ l!~:m l~t:~~ l~~:~~t i~~:i~t i~~:~1g :~:~~! :tg:~~ 700.262 ffil8,747 788,154 *765,173 770,61l2 765.418 653,588 *651,682 774.249 940.932 816.155 •831,316 78R,320 928.015 748,298 •78S,90l 769.552 929.314 932.868 •533,261 781.23-1. 829.395 916.lH *557,~4 800.811 802.501:l 8!3,074 •7u5.103 933,460 818,8>'8 959,080 •7!39,4o0 918.18i 775,8i3 9t7.65!3 •770,898 043,51M IHl,377 9!17.570 971,595 868,491) 832,2~ 9l6.2H 953,101.1 1892 ............... (377 m.). 1893 ... . ........... (377 m .). 1>'194 ............... (377 m.). 1895 ....... . ....... (377 m.). 549,910 521,71!3 437,070 490.590 576.044 537.413 398,570 448,888 544,081 60i,871l 495,554 541:1,018 5-!2,282 567,140 444,078 510,tJOl 550,991 610,295 4214,463 514,3U 565.171 65:l,105 493,411 5:.13,9tS2 587.636 566,165 499.01,; 505,766 653,200 565,638 5116.i2-1. 578,072 650,070 582.546 559,~l'l-l 586,38() 712,230 601,192 615,791 655,359 623,003 540,49!3 544,alu 5o4,8:i8 Nort hern Pa.cUlc- 5.156.572 l~:gi~ ~~:gg !i~:~ ~J:gfJ m:~i1 !:m:tl~ 4,871,868 181l2 .... (1.105 to 1.349 m.). 1893 •..•••.•••••• (1.M6 m.) . 1894 . .••..•• . .•• (t,567 m.). 1895 . .•. (1,567 to 1.5 70 m.). Northern Central- 3,341,682 3.331,047 S.260.990 3,476,686 :~:~~ 45,590,888 46,710,578 41,797.498 44,398,8~9 30,Q42.925 29,418.045 2i,5:.IU,773 . ...... . 3.473.760 l:~gHfg 3,n6.927 1.713,911 1,782,908 1,91\2,98t ~.2611,821 904,011 9,952,882 794.911 10,032.617 87l.t17l 10.340.451 *825,47:i c0,607,807 636,618 53i,218 517.784 .... . ••• 7,rnl,21H 6,8'il,807 6.031.261 . ....... 1891!* · .. (4,439 to 4,495 m.). 1,447,334 1,538.018 1,878.678 1.761.451 1,721,375 2.060,089 2. 196.298 2,228,065 2,669,239 2,918,286 \l.!192,0H 1,858,635 24,702,490 1893*· .......... (4,495 m.). 1 1 1 1894*·· .. ••• .. ···<4.495 m.). 938,606 1,239,562 1,307,735 1,a21,200 1,274,358 1,495,375 1,779,105 2,312,,u5 2,70i,9JI> 2,198,024 •1,501,555 19,093,803 1895*············<4,495 m.). 1,011,oia ·~~~:~~ ·~1~:m }:~r1:m ut~:~~f gg~::~g t:~irn~ ·~ig:it: 1:m:~:~ !:~~~::~ ~:!~g:m }:~~:~~~ a~~:~ig rn:m:g1~ Penn11y1vanla- l!J1i~~fllo~sto0Ui9"'m~/ 1893i •• (2.619 to 2.tS57 m.). l894t... (l!,657 to 2,7L6 m.). l8\l5t .... ....... (2.716 m.). Phila. & lteadinir- 5,019,741 4.92:i,246 4,150,829 4,678,27l 5,207,097 6.127.038 4.002,3~ 4,419,634 5.449,804. 6.0llj,89t 4.912.36:.:! 5,133,53:C: 5,74,.,730 5.R95,492 4.764.tJ16 6.205,472 5,6711,245 6,061,287 4.247,361'1 5,133,007 5.592,835 5.782,462 4,162.~l 4,938,299 1892 ....... . ... (1,11:14 m.). 1,727.214 1.788,774 1893 .... (1,18t to 1,170 m.). 1,505,781 l.631,q47 l 894 . •••.•• .•.••• ~l,170 m.). l.31!4,295 1,~79,617 1395 . ....• . .••• (1,170 m .). l,5tli,307 l,44¼,8,l2 Oo a l & Iron Co .- 5,578,672 5.552,047 4,759,325 5,415,;;95 6,226,607 5,!71,977 5.739.055 6,085,981 6,098,024 5.:-!111.510 5,498,033 5,71:16,539 6,290,883 5,480,275 5.830.1198 6,2tli3,278 8,017,282 5,934.923 68,841,848 5,283,15~ 5.302,845 66,375.:&23 5.465.857 5,153.78\J 58,704,283 5,877,624 .. .. • • •. . ....... 1,881,253 l.l:!67,378 1.779,014 1,814,150 2,022,646 1,896.~87 1.783,666 1,908,417 2.164.922 1.946,596 1,785.151 1,931,562 2,248.219 :&,127 ,480 2,001,7112 2,274.261 2,0()3.156 1,968.367 28.073,090 1,947,873 1.752,51~ 22,612,9112 l.9&3,088 1.551,928 20,144.191 2,0li,68i ~:i~~:~tg l.532.041 1,8~2,6•9 1.584,382 1,8112,95!:I 1.778.029 1,918,971 1,4~.069 1,1175,226 1,750.966 1,974.667 1,247.MO 1,648,?SH 1.680,30:& 1.433.781 2.os¥.iis1 2,ojti,soi 1,si·o.¥02 1.428,055 2, l :-ltS.837 2.3 48,1184 l.tS81l,875 1,51:10,386 1,793,034 1,673,155 l,77J,97tS 1,473,522 1,905,606 l,9d0,14U 2,34.5,261 l:m:~J gg~:et: 2,076,8fJ5 2,92J,t)2.:J 2.483,087 3,350,tS86 2,150,012 2,963,304 25.iiio.ssa 2,221.Sdi 1,588,265 21,545,808 2.494,223 3,259,255 3,3~.180 2,97ri,677 3,461,265 3.56fl,802 3,n50,311:1 2,759.686 3,420,068 8,571.559 4,083,6P2 2,78~.:i54 8,835,323 . . .. . . • • . • .. .. • • . • •• . . .. 3.831,7-!5 S.323.756 4,0l!M96 4,123,050 3,507.780 2.uooi.314 8.7tl5.067 4.846,291 3,418,889 3,322,lMff S,502,lOt 3,2..i0,252 3,719,7.>6 s.998,981 3.597.452 3,373,052 8,8tl6,557 4,067,57~ 4,286. !'1911 3,578,185 4,276,~23 !,325,083 5,051,053 4.4".16,879 5,621,947 4,15'.l.198 4,911,177 4,157,422 4,511,910 183,276 149.8116 141.1:170 145,753 162.Sfll 147.921 180,i30 134,837 190,6u7 179.720 148,62d 166,602 212,952 200,035 1119.480 195,073 217,895 2U,102 1116.540 202,000 230.799 219.338 177.130 :.100,077 249.'i07 197,llli 14?:1.049 2u8,674 255,270 182.440 193,628 :c:~,99J 254,66~ 181,1124 218.249 :.:138,426 216,8611 226,1150 239,181 255,51v 198.556 195,5u3 186.501 :132,485 185.379 158,227 1511.68t •182.200 2.583.340 2,253.978 2.103.650 2,389,tS83 18113 ........... . ... (239 m.). 1894.............. (239 m.). 1895 . ••.....•.•...• (231:l m.;. 113.631 138.179 117,29cS 108,6J.l 122.449 127.553 111,~21 l<m,606 123,071 13'1,636 117.471J 111,014 116.136 135.422 113,426 101,355 108,41{1 128.907 76.558 106.075 116,61.3 117,lil3 80.50ll 91,5:.13 114,311 126.858 112,115 95,995 135,245 Ia0,286 lllf.:i6l 116.67-l 145,~.'>3 127.6111 12i.70 j 116,710 153.8H 1311,0311 187, toll 13::!,596 141,0i7 ll9,09t! 120,840 *112,d~O 148,818 125,492 114,740 9 111,000 1,531 861 l,55:l.974 1.839,950 1,318,979 1892............. (1,223 m.). 18118 . .......... (1,223 m.) • 1894.. . ......... (1,223 m.). 1895. . ........... (1,223 m.) . 351,874 t35.903 365.8ttl 451,461 lS71.799 421,309 838,lljO 89.3,613 :4:H,9i3 4i4,083 3M.511 399,a83 302.678 411.62~ 325.191 355,762 303.382 Stl8.900 295.705 363,996 292,048 3H.39;i 280,v67 ::1t15,t100 354.,602 320.026 275,7117 •326, 100 400,502 3H,563 3 t:S9,2.:J6 •37&,i;oo 422.729 370,213 419, 107 •421,2oc1 499,772 551.77:l 652.d59 •5~1.000 483,181 5d0,7~ 611.57\l •1s1.~oo 532.080 4.646,61:::l o2tl,27d 5,068.85t1 556.tt81 4.854.562 •006,600 c:5,031,934 1892 .. . .......... (248 m.). 1893 ............... (243 m.}. 1894 • .. • • • • . • .. •• (:448 m.). 1895 . . ............. (24':l m.}. 121,402 131.498 II0.159 82,708 130,778 112.573 84,80'l 81:1,082 149,310 131,856 95,064 98,~l 137,418 13tl,052 89.052 91J,l8t 129.930 158,8::!a 140.038 117,7112 184.048 156,593 li7.1169 121,908 203,457 15l,8ll 123,612 ta6,t!BO 192,799 134,ll&Y 146,7~5 15:&,5lo 229,118 162.861 147.l'.l25 •rn.>.,369 218.4911 19<l,9i6 159,722 •212,444 217,659 150,900 150,535 •112,116 186.292 93,87Z 86.66:J •uo,sa5 l.892 ..•• (6,461 to d,526 m.). 1893 .... (6,526 to o,624 m.). 1894 .. •. (6,624 ~o 6,68t m.). 1895 .. .• (6,6114 to ff.728 111.>. 8,516,640 S.794.604 3,400,720 8,586,918 181}2 .............. ...... .. 1893...................... . 1894 ..................... .. 1805 .. ··• · ·••·• .. · .... Total b oth Co .'11- · ••• 1892 ................. . .... . 1893 ...................... . 1894 ......... ....... .... . .. . 18iJ5 .. . . . ... .. . . . . . . . . .. R i o GrandeWe11t'n- 1892 .•.•..•• (462 to 503 m.). 1893 . ...... (503 to 520 m.). 1894 .............. \520 m.). 8~~f:·A:·&·i1:·a~~ m.>. J.892 .............. m.). (239 St. L oul11 ~ outh we..t.- S t. Paul & D ul u t h- Sout h ern Pacific Co.- S o11thern Raihvn.y11:192 .••..•••.••• (4,:l9~ 1893 ............ (4,ll92 1894 .•••.•••..••• (4,"92 1895a.. (4,a92 to 4,49! Te xae & Paclflc- 3,400,877 3.658.426 3,752.620 3,802,599 8,000,473 4,132,464 4,59:~.055 4..700.651 4,860,951 4,487,706 4,085,733 48,972,195 8,527.379 3.7 ➔7,657 3,900,20-l 4,157,951 4,018.268 4,00i,446 4,017,410 4,24.!,9t> 4.711,701 4,229,HO 3.682,803 48.0411,548 3,020.872 3.582.542 3.727,567 8,624.,896 3 8,244,787 3,761,0rt3 8,623,262 3.5::fl,3!9 m.). 1,518,888 1,687,468 l,63~,418 1,486,>IBO 1,465,043 m.>. 1,525,516 l,5115.tH3 1.~,778 1,459,086 1,611,434 m.). 1,298.667 :n.). l,381l,50J ti~:~~¾ tt~:~ 1:gg::m ½:i;~::t& ::~~:~5~ ~:¾:~:l~ ::m:~JJ ::~:m t:~i::~ u1tg1~ 1,432,496 l.381,.'J:S7 l,2:&v.li9 l,32i,':l61 1,473.'71 1,373,598 1,323,04& 1,486.937 l,585,d49 1,347. 7ijj l.!1,2,075 l,5Jtl,578 1,671.165 l,U·d.1171 l.5i4,831 1,635,674 1892........ . .... (1.499 m.). 1893 ........... (1,4911 m.). 1894 .. ........... (1.499 m.). 1895 ........ . .. (1.499 m.). 545,695 632,048 608,71l4 6i>6,949 564,687 57~,627 462,8113 48i),6;(8 532.458 5':10,420 i'.>Ol,80i 576,957 471,277 52Mf12 475,52::! 477,672 411.612 514.1:172 470,2,i 7 479,<l77 418,265 458,tj67 411,024 410,1179 502.367 471.390 446,559 402,130 513,800 449,22.J 540,2!7 47l&,tl69 l H92 .•• (8,148 to 8.15~ m.). 18113 ............ (8.167 m.). 1894b .• (8.212 to 5.357 m.). 1d95D • • (5.3~ to 5,2 d2 m.J. 3.214.121'! 3,163,2-.32 2,272,641 l,ol6,937 2,926.415 2,~,418 2,200,051 1,414,756 3.298, 161 3.217.417 2.370,560 1,630,6-14 3,218,242 3.l5i,lil5 2,395,5l4 1,6d4,::!811 3,400.915 8,455,251 2,533,221 l,765,2tlt 3.920.412 3.344,687 2,;M:5,59! 1,85t:S,540 3,750.150 2,828,874 1,l,7t5.337 1,889,11:!4 4,075,2110 2,658.ll5 l>~,266,4~ l 0 tl9~,93ll Union Paclflc- 2,130,710 l,713,75Y 1.442.187 1,556,927 •?:~-~~~ u,~:~·~.~: l,S.'13,089 l.d85.5t6 1.829.1:141 l,97j,Oi0 1.760.:105 l,666.5l3 1,783.t12d l,8N,364 1,715,562 l,6U,617 l.d77,18l *1,757,&JJ 10,300,578 18,2~.~7 l!!,068,691 18,631,136 6l5,36J 800,522 500,J83 8!S.5li:1 623,'.:32) l,OJ0,514 538.2~1 8.17,951 794.839 8ti5,U3 937.f>llt •787,S.15 816.783 8t4,35ij 8i5,001 *8M,ll7d 6,9!17,700 7.334.293 7,35ll,Ol3 6,9 75,056 4,585,211:! 3.036,ff22 b2.266.162 2,137,750 4,682,0'10 3,tH5,294 b2,514.do8 ~.572,9ill 4,232,201 3,722,014 45,025,176 3.306,072 2,75d,329 37.443,416 b2.055.850 l>l,713,874 26,568,120 2.134,205 ........ • .... .. 1892 .••• . .••• . .•• (1.880 m.) • 1,128.160 1,087,850 1,134.704 1,052.952 955,368 1,123.025 1,115.302 1.415.427 1,,06.143 1893.•. (1,680 to l.93j m.). 1.003,829 1,019,846 1,135,189 91l3.llf6 1,110.004 l,2ll,Oll4 1,150.7~3 1,243,361 1.2117,17.l 831,51ll 763,601 1,227,8ill 1.075,511 1894 ............ (1.035 m.). i;57.24t 862,485 1,007,539 1:!73,4'11 005.157 ui,.o,110 1,011,0~ 1,21s.1:161 1,175,:)58 11~95 . ..... .. . .. (l.A35 m.). 960,121 905,99, 1186,823 844.529 1,015,429 1,411,780 1,402,703 l,17d,808 1,315,733 1,185,776 1,151,958 14,168,416 1, 13-l,479 987.602 13,750,158 1.02o.37d 1.017.680 11.62-l.32::J 1,06;,554 1,010,153 12,oso.8110 W n.b aeh- \Ve8t, N. Y. & Penn.- 276,187 305.331 26fl,4411 825,886 L8112 .......... .... (669 m .) . 331,203 280,825 835,393 272,85!1 249.fl04 266,628 305.184 315.137 3,530.688 318,491 302,815 21111,021 lt4A3 ...... (669 to 613 m.J. 207.500 820,007 320,4U 256,118 297,63t 3J5,106 2'i"~.3it 276,274 232,765 3,494,008 1~94: ............. (64'i m.). 239,894 257,171 18d.5cS6 195.R39 2ll9.U4!.-! lRll5 . . • . .... . .. (6!8 m.l. 26tl,033 27l,57l 250.59j 208.700 2L'i'.lll'i 2 • -'.ooroxlm ate flllureL t .\.nd 66 miles of can al. * Does not lnolude W lsoonsin Central for any of the years. a W estet"n & A.tlantlo tnol11d e d tor all perlods. b The result, of the operations of the Leavenworth To pek11 & Southwestern are excluded lo 1891, but not for prevtnus years. and after July in 1894 r e sult s t o r Ore~on 1-ty. & Navil{atto n and union Pacilio Denver & Gulf are excluded, a nd after August 7 r es u lts on Denver Leadvllle & Gunnlson are also excl ude d ; for 1805 resul• s on tile Manhattan Alm i 'lo Burllnirame are like • ise excluded, and afte r l!'ebru ary 28. 1805, the results on the Montana U uton. c lllmbraclnir correctlons found neoessa. ry after monthly t, •tals had been published. <i .Earnings of. atlanta & Flortda included after July l, 1896. e ~' iirures are giv,i n in Mexican currenov. ! Includ es Wilkesbarre & .Eastern. a Figures tor lol)5 included certain ltems ot m iscellaneous income not incl u ded in pre vious years. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ~~~:m ~88:m !it:~ii ~J~:~t~ iit:m rit:&~ -~1:~Ag i:~i~.w INVESTORS' SUPPLEMENT. 130 TRUST COMPANIES OF NEW YORK AND' BROOKLYN. The reports of thes~ companies Dec. 31,1895, co,m pared "\\-1th June 30, 18~5. and Dec. 31, 1894, are ~s ~ollows: The repo,.-ts for June 130, 1894 i3-nd 1893, are in the October, 1895, SUPPLE· MENT, and those for .December 31, 1893, in the April, 1895. SUP.PLE \JENT. ,4.TLANTIC TRUST COMPANY. Resou1·ces. Dec. 31, '95. June 30, '95. Dec. 31, '94 . $191,500 Bonds and mortgages.......... $261,500 $246,500 Stock invest's (market value).. 1,411,858 1,027,960 56fl,604 Amount loaned on collaterals. 5,066,841 4,702,370 5,205,645 57 Cashon hand................... 76 326 480,138 Cai,h oi;i deposit................. 667,681 890,738 281,560 Other assets . ................... 302,452 73,149 Total. ....... . ............... $7,431,956 Liabilities. Capital stock . .. . ....••..... . ... $1,000,000 Surplus fund .................. . 6.5i,02·~ Undivided profits ............. . Deposits in trust...... . ........ . 152,348 General dep'ts, pay. on dem'd. 5,605,683 Other li~bilities ................ . 22,000 $6,962,041 $1,000,000 657,825 ·34:23"7 5,250,547 19,432 - - - - ------ ----$6,982,962 $500,000 500,000 10:'i,580 30,242 5,827,6::!9 19,5()1 (VoL. LXU. CONTINENTAL TRUST COMPANY-(Oonclu<ied). Supplementary. Dec. 31,'9!1. June 30,'9!1. Dec. :-n .'94. $171,833 Tot.am't of profits d,uringyear. $1 '16,674 $130,079 44,336 63.6'\8 Int. credited d,ep's s13me per'd . 44,297 4fi,''l">R 48,691 Exp. of iustitution. 1sa.me i,er'd. 42,9~8 30,000 30,000 Amt.<livid'ds decl'd. same per'd 15,0<'0 3,'267,671 Amt.ofdep.onwhic~jnt.is all'd 3,12!l,96"> 2,701,056 ~ to 3 p. c. Rate of interest................ 1 to 3 p. c. 1 to 3 p. c. FARMERS' LOAN & TRUST COMPANY. Resources. Dec. 31, '95. June 30, '95. $755,QO/l $88n,ROO F n.ds_and mortgaA'es. ......... 7.Q6'1,771 ":', "'60,782 f ,ock rnvest. (market va,l ue)... .mount, loaned on collaterals. 13,Q27,2:"15 12 729 66 .s:560:000 A111'tloaned onvers'l securities 5,R5o,ooo 1,000,000 Real estate (estimated value).. 1,000,000 2 no2 8!'i0 Cash on hand............. . . . . 2.002,2:13 6;106:763 Cash on deposit............ . ... 4,472,375 451,588 471,194 Other assets.................... ---- - Dec. 31, '94. $7!'\:5,800 7,929,80R 13,560,668 92•',!'100 1.,000,000 1,500,720 6,71'> ,395 429,!'\4,2 Total. .................... . ... $36,269.649 $35,471,UO $32,861.433 Liabilities. Capital stoc)r ................... $1,000,000 $1,000,000 $1,000,000 Surplus fund................... 4,1R7,199 4.2A2,!'\89 4,251,'Ul5 Deposits i~ ~ust ............... 30,~4Q,61J:'l 30,0!'\9,809 27,501,3!'\2 133,785 Other liabilities................. 129,0!2 1()8,786 ------ Total.. ................ . : .... $36,269,619 !f:35,471,4110 $32,~61.4.33 TQtal. . ....•................. $7,431,956 $6,962,0H $6,982,962 Sit2')plementary. Supplementary. $1,069,890 $1,105,270 $251,197 Tot. am't of profits during-year $1,0.\ 2,860 $246,043 Tot.am't of orofits during year. $'258,836 519,418 437,72() 426,270 120,122 Int. credited dep's. same per'd. 102,985 102,386 Int.credited dep'rs Slime per'd. 180,489 sameper'd. institution, or Exp. 204,054 214,881 49,316 50,145 4:;3,2R8 Exp. of instit·on, same period. 300,000 ~00,000 ~no,ooo 60,000 Amt. ofdivs.derl'd .sameper'd. 60,0110 70,000 Amt. or divs. decl'd. s;1,me per'd 27,189,800 whichint.isall'd Amt.ofrlAp.,on 28,364,712 22,725,089 4,6~0,3.!3 4, 125,00~ Amt.9f dep.on wbicll int.is all'd 5, 125,~uti 1 to 5 p. o. 1 to 5 p. c. 1 to 4 p. c. Rate of interest................. 1 t9 5 p. c. 1 to 4 p. c. 8.ate of mterest on same....... 1 to -1 p. c. BROOKLYN TRUST COMP ANY (BROOKLYN.) FRANKLIN TRUST COMPANY (BROOKLYN). Resources. Resoio·ces. Dec. 31, '95. June 30, '95. Der. 31, '94. Dec, 31,'9:';. June 30,'95. Dec. 31,'94. $845,978 mortgages.......... and Bonds $974,140 $848,000 $566,600 ... . ... : .. mortg-a.g-es and $566,1('0 $62'2,600 Stoc;k invest's (mar:)Fet value).. 3,443,592 3,7!'.)1,647 2,995,75'2 Bonds 2,90i,2;9 (marketvalue).. 8tookinvest's 2,472,4?8 3,421,671 8 ,5-; 6,w;·l},2!:17 A.mount loaned on collaterals . 7, 197 6,226,263 1,703,018 2,038,924 614,fi36 Am't loaned on ;i:>er'S'l secudt'~. 08~,230 821.398 Amount loaned on collaterals. 3,0'26,7i;l8 500,470 4.9=>,993 380,!'Pl 225,00.0 Real estate (estimated value).. 175,000 175,000 Am't loaned on pers'l securities 486,402 4A6.086 486,084 101},077 Cash on hand . .................. 79,57~ 84,617 Real estate (estimated value).. 105,186 hand................... on Ca.s.h 94,R14 54,648 669,076 uasll on deposit.......... ...... 702,381 1,037,174 595,499 Cashon deposit................. 1,262,756 l,86"',353 . ... Overdrafts .. • • . . . . . . . . . . . . . . . . . 41 . .................... OvArdra.fts 42 63,157 Other assets.............. ... . . . 66,053 80,213 61,452 Other assets ..................... . 56,74.4 55,071 .rotal. .••••.•...•.......• $13,157,9{.}4 $12,603,333 $12,921,456 Total. ................. . ..... $8,246,656 $8,085,351 $7,977,302 Liabilities. Liabilities. Capital stock .... . . . ............ $1,000,000 $l,OOO,OOO $1,000,000 1,445,689 Undjvided profits......... . . $1,000,000 1,472,911 1,514,330 Capital Rtock................... $1,000,000 $1,000,000 S'!Q,106 613,273 Deposits in trust................ 851,!190 G51,5:i7 933,482 l,097,4ti6 Surplusfund.................... 98,12!'> . . . . . . . . . . . .. . . trust in General dep'ts, pay. on dem'd. 10,002,206 Deposits 90,7Rl 9,377,307 89,001 ~,190,413 96,826 Other liabilities............. . ... 6,021,673 5,999,122 101,678 119,247 General deposits, pay. on dem. 6,219,190 4,1,235 3!',,'!09 41,195 - - - · - Other liabillties ..... J........... Total. ........ . ............ $13, 157,994 $12,603,333 $12,921,456 Total........................ $8,246,656 $,,085,351 $7,977,302 Supplementary. SUl[)ptementary. $617,165 Tot.am't of profits during year. $5SP,062 $'i81,611 $3'i0,495 252,31}8 261,o7t Int.credited depos's same per'd $290,362 $333,036 29R,6o3 l'ot.am't of profits during year 117,074 92,5t5 95,061 113.R4'.l Exp.o;f in titution. same per'd. 111,589 82,lRO Int. credited dep's, same per'd. 180,000 160,000 !'l0,2'.'!0 Am't or divs.decl'd, same per'd 56,129 200,000 Exp. c;>f institution, same per'd. ~o.ooo 9,804,159 Amt.of dep.onwhicbint isall'd 10,4t8,L52 80,000 9,5f}3,780 Amt. of divs.decl'd.same per'd. 80,000 1 to 3 p. c. 5,727,942 Rate of interest................. 1 to 3 p c. 6,051,008 1 to 3 p. c. Amt.of rlAp.01,1. whicl:I int.is all'd 6,120.543 Rate of interest .......... .. ..... 1 to?- p. c. l to 4 p. c. 1 to 4 _v.c. CENTRAL TRUST CO;MPANY. (BROOKLYN), ANY COMP TRUST HAMILTON Resources. Resour,ces Dec. 31, '95. June 30, '95. Dec. 31, '94. $67,216 $67,635 Bonds and mortgages.......... $193,224 Dec. 31,'9:i. June 30,'9!'\. Dec. 81 ,'94. 6,7'9:-1,718 Stock in vest's (market value).. 6,435,574 5,014,769 :onds and mortgaA'eS .......... $48Q.490 $/~21,890 $483,590 Amount loaned on collaterals. 23,547,649 22,304,505 17,616,992 tock in vest's (mark,et V(tluel.. 2,745.848 1,227,8'22 923.831 701,800 236, I_Ou Am'tloaned on pers'l securit's. 330,800 Amount loaned on collaterals. 2,357,201 2,029,'27R 2,108,267 850,030 850,000 Real estate (estimated value).. 850,000 Am't loaned o.n pers'l securws. 22,'-0A 14,88~ 15,625 2,550 1,1457 Cas)l on band................... 2,?.74 Cash on hand ................... 85,443 18,645 33,877 8,652,885 Cash on de~osit.. ........... . .•. 4,791,828 6,324,761' na,sh on deposit ...............• 52Q,490 476,'-Rl 579,485 352,407 273,890 Other assets.................... 301,174 Qther assets .....•....... . .....• 58,676 49,133 49,826 Total .....•••...........•.... $ .r n,204,933 $39,731,081 ~30,634,001 Total. ..•• .. -... - ........ - $6,318,389 ,4,423,973 $1,127,274 Liabilities. Lia"bilities. Capital stock.................... $1,000,000 $1,000,000 $1,000,000 $500,000 $500,000 $500.000 Surplus fund.... . ............... 6,057,507 5,863,445 5,811,786 Capital stock ...•••..••......... 300,000 300,000 350,000 5,913,242 Deposits in trust............... 4,246,140 7,961,206 Surplus fund ................ . ... 77,057 121,822 .............. profits Undivided 91.919 General de-p'ts, pay. on dem'd. 24.,559, 755 26,5R3,203 15,540,mn 119,4117 76,150 76,!119 341,531 37l,191 Other liabilities . . . . . . . . . . .. . . . . 320,858 Deposits in trust ............... 3,144,812 3,396.817 general deposits, pay. on de;m . 5,218,084 29,255 38,979 ther liabilities ................ 28,815 Total . . ...................... $36,204,9 33 $39,731,081 $ 0,634,001 Supplementary. Total ....•. .................. $6,318,389 $4,423,973 $4,127,274 Total am t profits during year. $1,710,047 $1,456,546 $1,49::f,519 Supplementary. 425,498 497,192 Cnt. credited dep's Rame per'd. 437,923 $145,337 $174,116 $207,568 157,303 159,618 Exp.ofinstitut'n. a.mepe1'd. 156,'252 Tot.am't of profits during year. 6!J,326 79,097 90,971 500,000 500,000 A.ru'tofrlivs. decl'd, s1;1,m,.per"d. 500,000 Int. credited dep's, same oer'd. 29,294 29,'223 29,626 28.895,0!30 A rut.of dPp on wh1cpint.is all'd 25,775,832 20,130,86~ Exp. of institut'n. same per'd. 4 '· .000 40.000 4.0,'100 1 to 3 p. c. Rate of interest.... . . . . . . . . . . . . 1 to 3 p. c. 1 ~ 3 p. c. Am'tof divs. de<'l'd.same per'd. 3,220,963 3.473,337 Am'to!,fl_e p.on whlc)li,nt. is all'd 5,337,491 CO.NTINENTAL TRUST COMPANY. Rate of mtei:est ................. 1 ¼I to 4 p. c. 112 to 4 p. Q. 1.111 io 4 p. c Resou1·ces. KINGS COUNTY TRUST COMPA.NY (BROOKLYN). Dec. 31,'95. June 30,'9\. Dec. 31,'94. $83,%0 Bon,ds and mortgai:tes.......... $110,830 $70,600 Resou1·ces. 1,251,890 l,158,4R7 Stock in vest's (mark~t value).. 1,286,3::!7 Dec. 31, '9,. June 3'), '9fi. Dec. ~1. '9! 2,120,122 Amount loaned on collaterals. 2,0216,783 2,089,595 $~66,:)6!\ $8Q2,771 ....• $774.646 mortgag-es.... and Honds 432,564 401',982 amt. loaned on pers'l securit's. 118,178 873,924 1,087,524 8 i9,815 Stock in vest's (market value). 7,500 15,000 Real est11,tt1 (estimated value.: 2,641.390 2,737,018 3,5oq,770 collaterals. on loaned Amount --5:iia 59,260 6,703 Cash on hand .... . ... :. ........ 728,83Q 44.9,001 788.672 42:i,984 565,251 Cash on deposit...... ...... . ... 402,871 Am't lo!),ned on pers"l securit's 10,147 210,000 2 0,000 Real estate <estimated value).. 1,444 . . .. . . .. . .. ... Overdrafts 30,009 10,684 23,552 . . •. . . . . . . . . . . . Cash on hand 1,658 Due fr9w banks . ............... 340,187 508,2!'i0 373,2!'>7 deposit................. on nash 32,489 Other assets.. . ............. . .. 194,832 233,076 211,737 Other assets.................... Total....................... $-1,384,849 $4,477,-!92 $3,869,237 Total.. ....................... $6,408,903 $6,349,870 $5,685,892 Liabilities. Liabilities. $500,000 $500,000 Cap~tal stock.................... $5QO,OOO $500,000 $!'\00,000 $500,000 250,000 250,000 250,000 Capital stock. ................... Surplusfund. . .................. 500,000 500,000 600,000 87,038 120; ·00 Surplus fund.................... 69,798 Undivided profits............... 90,857 113,384 203,124 Undivided profits.. .. ....... . ... 4Q2,033 41,31 g Deposits in trust................ 621.180 700,249 75~.936 769,2~1. 2.638,ll4 Deposits in trust.............. . 2,956,135 General dep'ts, pay. on dem'd. 2,997,t!SO 3,805,161 4,377,978 140,500 Gen'l deposits, pay. on demand 4,410,531 61,215 Time certs. of deposit......... . 89,625 101,577 87,763 17,299 Other liabilities................ 68,098 19,164 Other liabiltties.. .. .. . •••• .... .. ---· - ----- ------ ---- - - - ---- ----- - ---- .. --- Total........................ $4,384,849 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $4,477,492 $3,869,237 ----- ------ Total.. .......... . ........... $6,408,90311' $6,349,870 81$5,685,892 JANUAltY, 1896,) TRttSTII OO.MP.A.NI~S. 131 METROPOLITAN TRUST COM'P ANY. Resources. Sitpplementary. Du. 31, '95. June 30, '95. Dec. 31, '94. Dec. 31, '95. June 30,'95. Dec. 31,'94. $215,226 Bonde and mortgages .....•...• $200,000 $2UG,994 $ .. •• ·-· $~15,b9ti $.... .•• Total am't profits during year. 2,3J6,762 2,389,775 70,:J60 Stock in vest's (market value) .. 2,263,625 78,697 85,583 Int. cred dep' i; same period. .. 4,7~2,329 7,162,15-l 33,673 Am't loaned on collaterals .. 5,959,8'4 36,634 ~!J,595 .Exp. of institut'n sarue period. 550,000 550,000 40,000 Real estate (estimated value) .. 550,000 40,0UO 40,000 Aru ' t of divs. decl'd s ame per'd 22,254 14,105 4,3-!5,9i4 Cash on hand ....••............. 16,577 4,327,473 Am't ofdep.on whiouiut.isall'd 4,021,6~5 868,092 686,498 816.957 Rate of interest . .......•... .... l¼I to 4 p. c. llg to 3 p. o. llg to 3 p. o. Cash on deposit ...••............ 1,931 Overdral't ...................... . KNICKERBOCKER TRUST COMPANY. ·1a:as9 ·11:29·0 8t:i,66o Other assets ..............•..... Resources. -- Total. ...................... . $9,695,594 $10,879,822 $8,832,826 Dec. 31, '95. June 30, '95. Dec. 31, '94. $3~3,500 L ~~bilities. $310,000 Bonds and mortgages .......... ,1,341,000 :-1,025,306 Capital Sli0Ck .... .••...........• $1,000,000 4,3~3,585 !,tock invest'ts (market value). 2,484,104 $1,000,000 $1,000,000 4,5ol,ti06 Surplus fund . . . . . . . .• . . . . . • . • • . l ,06~, 186 5,ti51,il2 Amount loaned on collaterals. 7,120,126 1,049,425 1,014,872 31,400 General deposits, pay. on dem. 7,586,704 77,551 165,055 Am't loaned on p~rs'l securit's. 6,760,333 8,770,504 44,152 38,477 Other liab111ties .. ... . .. .•... .•. 95,373 eash on hand. . •••. . . . . . . . . . . . • 57,621 59,893 4.6,704 856,317 786,167 Uash on deposit. ... ............. 1,216,350 ----505 . .•...•. Overdrat~s...... .•... .•. . . .• . . .. $8,832,826 $9,695,594 $10,879,82 ~ Total........................ i72,092 188,306 160,115 Other assets . .. • .• . .. . .• . .••.. •• Supplementary. $304, 1 58 $345,565 am'r of profits during year $396,205 Total. ....• ..•• .•.....•...... $11,588,h3 $11,381,478 $8,948,698 Tot. 172,509 189,550 2 '4,923 Int. credited dep·s same per'd. Liabilities. 6l.!'9J 6~.632 62,315 .Exp. of institut'n sa,1ue per'd. Uapital stock .... ••.....••...... :t,1,uoo,000 $1,000,000 $·1,000,000 Am·t ol divs. dee. same per'd. 80,000 80,0<iO 80,000 483,173 Am'tof dep.on whichint is all'd 7,049,066 . ....••• ~urplu fund................... 6,49l-- ,393 8,448, • 55 41·J:io~· 4.86,853 Undivided profits.............. Rate of interest ................ 1 to 3 p o. (incl.) 1 to 3 p. o. 1 to 3 p. o. 1,9i9,sio 2,130,83rl Oeposits in trust . . . . . . . . . . . . . . 2,3u4,~73 5,4!!1,022 NASSAU TRUST COMPANY (BROOKLl'.N.) 7,711,032 7,713,916 demand Gen'l deposits, pay. on 64,693 6:J,400 82,3~ 1 Other liaoilities. ••. . .. . . . . .. . .• Resources. 31, '95. June 30, '95. Dec. 31, '94. Total.. ...•.................. $11,580,123 $11,381,478 $8,948,698 Bonds and mortgages.......... Dec.$499,319 $!84,619 $469,319 Supptenientary. 1,299,348 1,530,838 Stock in vest's (market value).. 1,380,990 $313,571 Amount loaned on collaterals. 1,110,986 $380,893 Total am't uroflts during year. $4~8,a7~ 918,30J 878,785 111,338 Am't loaned on pers'l securit's. 127,82~ 157,575 Int. credited dep ·s sawe ~er'd. 159,260 221,650 282,853 1}5,217 Cash on hand. . ................. 107,320 111,816 Exv. of institut•n sawe per"d.. :H,294 15,"t76 22,681 45,000 Cash on deposit...... • . . . . . . . . .• 52,500 6u,OOO Aw't or aivs. deo1'<1, same per'd 397,810 314,517 227 ,08ti 6,606,095 Other assets.................... 8,076,680 Am'tordep. on whichint.isall'u 9,6~u,06& 23,953 20,973 27,857 1 to a p. c. 1 to 3 p. o. Rate of interest................. 1 to 3 p. o. Total.. .......... ..•..•...•. $3,551,772 $3,376,974 $3,3.38,968 LONG ISLAITT> LOAN & TRUST COMPANY (BROOKLYN.) Liabilitit!S. Resources. $500,000 $500,000 Capital stock................... $500,uOO Dec. 31, '95. June 30, '95. Dec. 31, '94. Undivided p1oflts....... ... .. .. 214,620 l!.J7,954 228,787 $4.04,821 $4 0,821 Deposits in trust................ 2,806,524 Bonds and mortgages.......... $ , 61,750 2,648,658 2,675,615 1,313,572 Other liabilities.......... ...... 1,309,640 Swck invest·s (market value).. 1,361,290 13,690 15,399 16,461 1,254,060 1,230,570 Am't loaued on collaterals..... l,!W5,300 ---215,oOo 63,600 103,200 Am't loaned on pers'l securit's Total.. ..••............•. .... $g,551,772 $3,376,974 $3,388,968 110,000 110,000 110,000 Real estate (estimated value)... Supplementary/, 22,833 44,813 4o,Ouo Cash on hand . .• •• . ••... .. • •• . . $137,343 $138,071 $143,870 531,199 Tot. am't of profits during y'r. 859,824 473,157 Cash ou deposit................. 53,682 58,144 59,185 per'd. same dep's, int.credited 48,628 57,510 66,383 Other assets............ .. ...... 21,83:'> 21,589 21,952 Exp. of institution, same per'd 30,000 30,000 30,000 per'd same deol'd, divs. Amt.or Total. ...........•.......... $4,327,0Bti $4,058,798 $3,928,593 Arut.ofdep.on which int.is all'd 2,800,785 2,672,219 2,644,719 Liabilities. Rate of interest ....•........... 1 to 319 p, c. 1 to 3-'9 p. o. 119 to 3-'9 p.c. $500,000 $500,000 Capital stock.................... $500,000 NEW YORK GUARANTY & INDEMNITY COM.PA.NY. 325,557 auv,4.7i l:!urplus fund.. ...... ............ . ...... . Undivided protits....... .... .. .. Resources. 177,85~ 1:·!6,994 1>eposits in trust . . . . . . .. . . . . . . Dec. 31, '95. June 30,'95. Dec. 31,'94 3,015,892 2,930,880 Gen'l deposits, pay. on dem'd. 3,2~5,530 $112,000 $~5,000 $35,000 24,!:142 39,084. Bonds and mort,zages . . . . . . . . . . 6,C>37 a4,u85 Other llal:l.i.lities . . .. . .. . . . . . .• . . 4,471,662 5,306,747 ,554 Stock invest'ts (market value). 4,737,526 4,863.iJ65 Amount loaned on collaterals.. 5,984,61.3 Total ............•..........• $-i,327,086 $4,058,798 $3,928,593 A'm't 43,062 38,621 298,862 loaned on pers'n'l seu't's Suppternentarv. 101,029 100,159 100,159 Real estate (estimated value).. $147,455 $153,738 Vash on hand. ...... . . • . . . • . . . . . Tot. am't profits during year. $ 58,i83 31,01}-l 22,097 33,602 55,903 57,390 Cash on deposit................. 2,732,833 55,6'12 Int. cred. dep's same period .. 4,552,248 4,531,30-i 23,594 Other assets....... . ... .......... 24,379 24,785 Exp, of inst1tut'n same per'd.. 83,IJ86 59,827 62,376 40,000 40,000 40,000 ALO't di vs. declared same per·d 3,056,072 3,187,260 A.m't of dep.on which int.is all'd 3,21:S7 ,300 Total ... ..................... $15,784,999 15,047,661 $14,10'2,666 llgto 3p.o. Rate of interest .....•........ 1-½I to 3-½I p. c. 1¼ to 3 p.c. L iabitities. Capital stock.... . . . . . . • . . • . . .• • $2,000,000 $2,000,000 $2,000,000 MAN HATT AN TRUST COMP A.NY. 1,500,000 1,500,000 2,000,000 fund.................... SU1'1)1US Resources. 2.J0,568 402,919 324,u06 Undivided profits............... Dec. 31, '95. Jime 30, '95. Dec. 31, '94.. Denositsin trust....... .. ....... 1,1 0,212 1,037,761 966,002 $44,000 $44,000 General deposits, pay. on dem. 10,3.,3,0,.i:s $44.,000 Bonds and mortgages.......... 8,969,270 9,991,02l} 2,291,760 Other liabilities........... ...... 2,8~0,053 Stock in vest'ts (market value). 2,a L7,873 2~2,616 115,952 161,943 1,493,018 1,435,000 Amount loaned on collaterals. 1,85::3,230 - - - · - - - - · - ----250,500 150,505 ::i00,500 Uash on hand.... .. ............. Total .••...•..... .. ..••...... $15,784,999 $15,047,66l $14,102,666 3,0llS,168 3,473,1 12 Oash on deposit ... ..•.• ··-····· 1,440,436 Suppternentary. 95,714 87,082 Tot. am'tofprofits during year ~2,4.55 Other assets.................... $804.::J03 $817,265 -151,0.1~,90/ 18 ,285 182,627 207,647 per'II. same de:p's, credited Int. $7,653,435 $7,539,517 Total........................ $6,048,494 122,686 124,130 115,800 Exp. of institut10n, same ver"d. Liabilities. 160,000 160,000 180,000 Am'totdi vs. deol'd same per' d. Capital stock ................ -. . $1,000,000 $1,000,000 $1,000,000 Am't of dep.on which int.is pd. 10,609,993 10,4.10,608 9,457,940 200,000 200,000 Rate of interest..... ........... 1 to 4 i,. c. 200,000 Sw·plus fund.................... 1 to 4 p. o. 1 to 4 p. o. 117,184 26,492 124,202 Undivided profits............... NEW YORK LIFl: INSURANCE & TRUST COMPANY. 201,tiOl i Depo 1t in trust . . . . . . . . . . •• . 6,298,10! Gen. deposits payable on dem. 4, 101,9 t 1 5 6,321,305 Resources. 14,946 14,921 420,780 Other liabilities... .. .. ..... . . • • . 31, '95. JutU 30,'95. Dec. 31,'94. - - - · - Bonds and mort~a,ges .•••••.••• Dec. $ l ,902,236 $1,015,734 $1,432,234 Total.. .........•.........•.. $6,048,494 $7,653,435 $7,539,517 Stock invests. (market value) .. 12,584,0~6 11,687,565 12,1~2,1-11 Supplementary. 3,689,252 4,233,610 Amount loaned on collaterals. 4,710,460 $287,004 $251,852 Am't loaned on pers'l securit's 6,122, l lo 6,473,302 9,307,llO Tot. ain't of profits during year $37o,3lo 9l,107 Real estate (~stimated value). 76,87~ 70,71:S4 4.85,000 Cnt. credited dev's, same per·d. 485,000 485,000 72,076 Cash on hand........... .. .... .. 3,200,000 ~ 75,262 81,48 l .Exp.of institution, same per'd. 2,850,000 S 50,000 50,000 Cash on deposit ...... . . . . . . .. . . 50,000 Atu·t of divs.<ieol'd.same;per'd ,! 19,069 5 2,409,g91 l 423,078 3,224,886 3,283,363 Other assets.................... Aru't ordep.on which mt.is all'd 2,995,744 59i!,307 536,159 470,113 1 to 4 p. c. 1 to 4 p. c. Rate of interest................. 1 to 4 p. c. $29,130,711 $28,677,672 $29,893,020 Total. ....•.....•...•••...... MERCANTILE TRUST COMPANY. Liabiliti,es. Ruources. Dec. 31, '95. Ju11e 30, '95. Dec. 31, '94 Capital stock ................... $1,000,000 $1,000,000 $1,000,000 2,447,516 2-,512,926 $713,417 $527,3v 3 Surplus fund....... . . . . .. . . . . . • 2,616,366 Bonds and mortgages.......... $534,:i57 3-i,02!-f 46,507 47,~90 3,766.516 4,777,085 Undividedproflts .... .. . ..... ... Stock in vest's (market value).. 5,160,375 23,618,887 23,9ti4,991 24,600,448 trust............... in Deposits 3,665 I 17,7 15,457,829 .Amount loaned ou collaterals . 16,093,243 1,577,21\J 1,606,287 410,519 1,296,668 Other liabilities... ... ..... ..... . 1,628,216 :l8:l,936 A.rn't loaned on pers'l securit's 4 7,950 54,700 55,176 Real estate (estimated v ,ilue,.. Total.. ...•..•....... .. ...... $29,893,020 $29,130,711 $28,677,672 24,262 33,331 104,14-5 Cash on hand.................. . 6,671,403 7,571,769 Sttppttmentary, Cash on deposit................. 6,426,898 970,151 Total am't profltsdur:ng year. ;i;t,273,40:> 382,879 $1,029,649 $1,176,152 326,107 Other assets..................... 526,153 539,176 - · - - - [nt. credited dep's same per'd. 569,tS69 ----fl6,325 98,199 Total .....................••. $28,983,237 $27,281,525 $32,937,922 Exp. of institution. same per'd 98,821 300,000 300,000 350,000 Am'tof divs. deol"d,same per'd Liabilities. 23,618,887 23,961,991 24,tj00,4<18 a.ll'd int.i!! which Amt.ordep.on Capitalstock ..............•..••. $2,000,000 $2,000,000 $2,000,000 1 to 5 p. c. 1 to 5 p. o. 2,000,000 Rate of interest... ... ... ....... 1 to 5 p. c. 2,000,000 Surp_lus fund........ ... ......... 2,000,000 177,SIJ4 117,610 264.416 Undivided profits............... NEW YORK ~ECURITY & TRUST COMP ANY. 729,793 503,135 1,069,930 . . . . . . . . . . . trust.... in Deposits Resources. General dep'ts, pay. on dem'd. 23,483,170 22,583,462 28,090,513 17,034 Dec. 31, '9~. June 30, '9'i. Dec. 31, '94. 215,721 Ot,b er liabilities................. $279,500 ----- Bonds and mortgages.......... $494,500 $319,500 3,154,934 $32,937,922 $27,281,525 2,989,2:'>l Total. ......• .•......... ..... $28,983,237 Stockinvest's (market value) .. 4,760,730 4,296,804 5,155,678 3,632,467 . . . . collaterals on loaned Am't Sttpplementary. 1,102,936 999,602 569,075 $917,656 Am't loaned on pers'l securit'11. $92~,686 Tot. am't of 11rofits during y'r . $88 l.82t! :25,732 12,637 27,457 4.03,308 Ca.sh on hand................... 4-ll,il28 393,551 rnt. credited dep's. same pe, 'd. 2,238,235 4,160,564 137,506 Cash on deposit................. 1,266,214 150,969 141,477 Exp. of institut'n, same per'rl . 7_3,-180 90,474 123,639 assets.................... Other 200,000 200,000 220,00Q Am 't of divs.dec1''1.sawe pn' <t Amt.ordep.on whichint.isall'd 21,708,426 20.688,093 21,733,272 $11,171,621 $13,727,706 1 to 3 p. c. 1 to 3 p. o. Rate of interest. ... ... ...... .... l to 3 p. o. KINGS COUNTY TRUST COMPANY-(OoncludedJ. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis s4o:iu·5 isa;cii2 [VoL. txtt. NEW YORK SECURITY & TRUST COMPANY-(Ooncluded). TirLE GUARANTEE & ·.rRusr COMPANY (Ooncluded.JLiabilities. Liabilities. Dec. 31. '95. June 3'\ '9:'i. Dec. 31, '94. Dec. 31, '95. June 30, '95. Dec. 31 , '94. Capital stock.. .. . ... ............ $1,000,000 $1,000,000 $1,000,000 Capital stock ........•.......... $2,000,000 $2,000,000 $2,UOJ,000 1,00 ,,,000 1,000,000 Surplus fund.................... 1,000,000 1,000,000 Surplus fund......... .. .. ... .... 1,250,000 1,000,COO 23, ➔ ·l9 186,8f>8 32,069 Undivided profits............... 2..:1,919 H0,833 Undivided protlts.. .......... ... 186,289 General deposits, pay. on dem. 532,655 67, ,442 403,755 Deposits in trust................ 8,624,071 11,507,979 9,0U,369 252,520 232,049 195,325 Other liabilities................. 28,092 29,419 Other liabilities................. 33,438 Total ...........•............ $4,059,004 $4,090,349 lji::J,ti3 l,149 Total ....• . ... . ..•..... ....•• $10,874,082 $13,727,706 $11,171,621 S1tpplementa1·y. Tot. am'tprofl.ts during year.. · $873,24d $813,795 $753,562 Supplementary. Int. crediLed de u's, same per'd. 11,411 7,343 10,421 Tot. amt. or profits during year $-123,550 $426,431 $379,967 Exp. ofiostitnt'n. same pe r'd. 460,076 447,830 44.9,244 Int. credited dep's same per'd. 160,363 167,587 H0,059 Am'tdivs. declared same per'd 160,000 14.0,000 120,000 Exp. of institut·n same per'd. . 76,136 65,659 73,~i3 Am'tofdep.on whichint.isall'd 532,655 656,089 399,052 Am't of div. decl'd same per'd.. 100,000 100,000 100,000 Rate of interest ................ 1¼ to 4¼ p. o. 1 to 3¼ p. c. 1 to 5 p. o. Am'tof dep.onwhich int.ts a.ll'd 7,606,885 10,603,353 7,351,824 UNION TRUST COMP ANY. Rate of interest.... ........... .. 1 to 4 p. c. 1 to 4 p. c. 1 to 4 p. c. Resources. PEOPLE'S TRUST COMPANY (BROOKLYN.) · Dec. 31, '95. June 30, '95. Dec. 31, '94. Bonds and mortgages......... $1,815,616 $1,793,650 $1,840,700 Resou1·ces. Stock in vest'ts (market value) 8,982,648 10,04i,926 9,180,594 Dec. 31, '95. June 30, '95. Dec. 31, '94 Amount loaned on collaterals. 20,584,6 l6 16,960,855 16,635,338 ~7 .ooo 710,000 325,000 Bonds and mortgages........... $670,525 $738,025 $841,375 Am't loaned on pers'l seourit's 1,900,000 1,900,000 Stock invest'ts (market value). 3,918,618 3,98 i,760 Real estate (estimated value). 1,900,000 4,302,790 9 152 474 5 5,217,94.9 Amount loaned on collaterals.. 2,789,158 2,367,149 Cash on hand................... 3,785,071 i 2,335,130 ' ' i l,4·t2,28R Am't loaned onpers'l secur-it's. 258,110 430,369 Cash on deposit................. 2,336,413 5 279,573 232,606 25-1,562 26-1,.117 Real e11tate (estimated value)... 60,000 60,000 Other assets.................... 60,000 Cashl.on hand . . . . . . . . . . . . . . . . . • 124,239 , 79,046 Total. .............•......... $39,755,926 $-10,71:J:t,511 $36,840,186 185,900 Cash on deposit................. 977,769 961,617 1,051,537 Liabilities. Other assets..................... 84,078 Capita] stock .................... $1,000,000 6tl,008 87,401 $1,000,000 $1,000,000 Surplus fund.................... 4.,900,507 4,767,195 4,7L6,04.0 Total. ..••.•..•.••..•.....••.. $8,827,234 $9,060,361 $8,852,587 General deposits, pay. on dem. 33,441,230 34,684,906 30,718,226 Other liabilities............. .. .. 4l4,189 395,920 340,410 Liabilities. Capital stock.................... $1,000,000 $1,000,000 $1,000,000 Total ........................ $39,755,926 $40,792,511 $36,840,181 Surplus fund.................. . ~50,000 900,000 900,000 . Supplementary. Undivided profits............... 120,976 48,851 90,030 Tot. am'tof profits during year $1,3.l2,04~ $1,013,132 ~l,OOJ,708 Deposits in trust................ 209,842 252,288 141,514 Int. ore dited de p's. sawe per'd 527,932 485,831 5J5,617 General deposits, pay. on dem., 6,477,961 6,726,109 6,625,707 Exp. oiinstitut1on, same per'd 190,462 171,671 172,IH 1 Other liabilities.............. .. . 103,434 98,134 95,336 Am't of divs.decl'd.same per'd 240,000 240,000 240,000 Amt.ofdep.on whichint isaU'd 31,712.375 32,200,978 29,214,723 Total......................... $8,827,234 $9,060,361 $8,852,587 Rate of interest .•. . ....•.. .... 1 to 4 p. c. 1 to 4 p. o. 1 to 4 p. c. Supplementary. UNITED BT.A.TES MORTGAGE _& TRUST COMPANY. Total am't profits during year . $369,357 $387,761 $335,315 Resources. Int. credited dep's same per'd. 135,202 129,217 130,380 Dec. 31, '95. June 30,'95. Dec. 31, '9 4 Exp. of 1nstitut'n, same per'd. 48,5110 Bonds and mortgages.......... 56,009 54,196 $!,371,491 $&,679,222 $2,388,871 Am'tdivs. declared,samever'd 80,000 Stockinvest's (market value).. 80,000 80,000 2,735,468 4,777,978 2,997,729 6,251,512 Am't of dep.on which int.is all'd 5,962,897 6,506,626 Loaned on collaterals.......... 3,046,063 2,466,857 3,739,9iO Rate of interest on same....... 1 to 4 p. c. 1 to 319 p. c. 1 to 312 v. o Loaned on personal securities. 39,000 15,000 Real estate (estimated value) .. 62,554 113,478 · 62;554 REAL ESTA.TE TRUST COMPANY. 2,o84 Cash on hand...... . ...... .. .... 12,945?. 2 89 4 61S S {1,150,998 C'ashon deposit................. 1,115,105 5 • ' Re.~ources. Overdrafts ...... . • . . . . • • . . . . . . . 2,020 . . . . . .. ·si,s20 Dec. 31, '95. June 30,'95. Dec. 31, '94. Other as.s ets ..... ...... ...... .. 1E8,037 156,859 Bonds and mortgages.......... $181,200 $l40,000 $29,000 1,268,409 Stock invest's (market value).. 1,282,083 1,005,198 Total .... .. ....•....•........ $13,062,911 $13,530,897 $9,509,867 1,886,000 Amount loaned on collaterals. l,662,ti46 1,710,590 Liabilities. 41,205 Am't loaned on pers'l securit's. 121,024 30,789 Capital stock........ .... ........ $2,000,000 $2,000,000 $2,000,000 5,107 Cash on hand... .. .............. 3,~48 Surplus fund.................... 700,000 10,767 1,000,000 900,000 523,528 53,101 Cash on deposit....... . . . . . . . . . . 293,8::,8 Undivided proflti......... .••• •• 398,201 36,392 32,9Cl2 320 375,20 6 Overdrafts.. . . . . . . . . . . . . . . . . . . . . . Deposits in trust................ . ... . .. . 581,091 ....... . 17,202 4,335,586 Other assets..................... 15,500 General deposits pay. on dem.. 18,782 5,865,450 7,671,575 2,045,~74 Other liabilities................. ----3,579,97!J 2,926,420 Tetal ••.......•...•...•...• $3,674,703 $3,881,771 $3,088,623 $9,509,867 Total.. •••.......•. ... .. ..... $13,062,911 $13,530,897 .Liabuities. Supplementary. $468,175 $500,000 Capital stock................... $~00,000 $500,000 Tot. am'tof profits during year. :t;787,805 $652,328 8~,754 250,000 Surplus fund.................... 250,000 Int. credited dep't!, same per'd. 250,000 164,240 122,893 78,534 49,444 Exp. of institution, same per'd, 53,719 Undivided profits............... 89,93'1 44,4t5 83,025 120,t 00 2,289,179 Au,'tofdtvs.decl'd, sameper'd. Deposits in trust .............. . 120,000 120,000 4,269 ,478 3,078:()52 General deposits, pay. on dem. 2,880,278 Am't ofdep.onwhich int.is all'd. 6,039,669 7,360.175 ----- ----- -$3,088,623 - - - Rate of interest....... ..•• •• . . . . 1 to 4 p. c. 2 to 4 p. o. 2 to 4 p. o Total. •.•••.................. $3,674,703 $3,881,771 UNITED STATES TRUST COMP ANY. Supplementary. Resources. Dec. 31, '95. June 30, '95. Dec. 31, '94, Total a~•t profits during year $113,373 $128,705 $119,307 $3,103,000 Bonds and mortgages .......... :t3,323,500 $3,222,500 50,429 Int. credited dep's same rer'd. 48,191 58,763 15,901 ,335 15,172,162 Exp. of institution,same por'd. 33,225 31,984 36,765 Stock invest'ts (market value). 11,909,805 18,052,927 16,077,078 Amount loaned on collaterals. 17,70fl,571 Amr.of divs.deol'd, samt> per'd 30,000 30,000 30,000 8,090,769 11,669,568 3 ,029,597 Amt.of dep.on wtdch int.is all'd 2,806,993 2,248,426 Am't loaned on pers'l securit's 11,372,309 1,000,000 1,000,000 Rate of interest................ 1 to 3 p. c. 1 to 3 p. c. Real estate (estimated value).. l,000,000 1 to 3 p. c. 2,284,111 3,038,244 Cash on deposit..... ... ........ 4,304,525 383,751 354,162 Other assets..................... 351,874 STATE TRUST COMP ANY. Resources. $48,815,893 $50,533,714 Total .....•.................. $49,967,584 Dec. 31, '95. June 30, '95. Dec. 31, '94. ' Liabilities. $2,000,000 $13,784 Bonds and mortgages.......... $2v,OOO Capital stock .................... $2,00u,OOO $2,000,000 10,000 9,109,032 9,2:l0,429 2,020,352 Stock invest'ts (market value). 1,984,600 2,240,389 Surplus fund.................... 9,325,711 338,047 329,44.6 Amount loaned on collaterals 5,311,728 5,552,867 3,536,639 Undivided protl.ts.......... .. . . . 222,556 313,212,505 37,791,911 84,004 Am't loaned on pers'l securit's 180,610 14.9,257 Deposits in trust . ............ ... 37,205,46~ 1,156,309 1,191,928 Real estate (estimated value). 97,826 92,757 93,998 Other liabilities ..... ... . ........ 1,213,849 Cash on hand........... ....... 8,619 i 5 7,713 Cash on deposit...... . . • . . . . . . . Total........................ 49,967,584 $50,533,714 48,815,893 962,263 5 1,182,110 i 2,274,078 Siipplementary. Due trom banks................ 62,910 45,186 ·94:s:,;5 55,835 Other assets.................... Tot. am't of profits during year $1,989,9-19 $1,986,175 $2,083,074 22,763 807,696 Int. cred. dep's, same peliod.. 747,b48 727,827 181,196 Total. ................•.•.... $8,619,762 $9,064,619 $8,420,757 l!;xp. of institution, sameper'd. 134,731 l!:19,924 610,000 Am 'tor divs. decld. same per'd 720,000 640,00o Liabilities. 35,086,379 Amt.ofdep on whichint.isall'd 36,877,893 37,475,668 Capital stock................... $1,000,000 $1,000,000 $1,000,000 Rate of interest ................ 1 to 4 p.c (incl.) 1 to 4 p. c. 1 to4p. e. Surplus fund......... . ..... .... 500,000 500,000 500,000 WASHINGTON TH.UST COMP ANY. Undivided profits............... 423,501 · 435,936 375,175 Resources Deposits in trust................ 1,Sn0,891 6,529,3 2 7,i29;25·5 lJec. 31, '95 . June 30, '95. Dec. 31, '94. General deposits pay. on dem. 4,822,133 .i6:230 Bonds and mortgages........... $ll 8,325 $111,100 $86,600 Other liabilities................. 11,863 10,807 7!:!::J,750 898,775 Stock invest'ts (market value) . 778,758 2,337,'l31 · 3,035,356 Total. .•••..................• $8,619,767 $9,064,619 $8,420,757 Amount loaned on collaterals. 3,275,600 50,000 Amt. loaned on pers'l seourt's. Supplementary. ··1,533 1,932 Cash on hand.............•...... Tot. amt. of profits during year $346,633 $271,143 Cash on deposit ................ . $289,847 955,1l82 909,4.65 40 ·,365 Int. credited dep's, same per'd. 97,155 110,210 100,409 Other assets .................... . 33,219 34,411 46,858 Exp. of institut'n same per'd. 76,3b9 67,722 71,575 Am't of div. dtcl'd,same per'd. 60,000 60,000 60,000 $4,313,180 Total......................... $4,617,439 $4,926,014 A m't of dPp. onwhich int.is all'd 6,129,032 6,446,506 5,228,226 Liabilities. Rate of interest...... .... .... .. 1 to 4 p. c. 1 to 4 p. o. 1 to 3 p. c. Capital stock................... $500,000 $500,000 $500,000 400,000 400,vOO Surplus fund.................... 400,000 TITLE GUARANTEE & TRUST COMPANY. 56,79-l 71,847 Undivided profits .. ........... .. 71,937 Deposits in trust and general .Besources. ----- ----- ----- --i:s?a ot:fr ft~ttil~~~~-~~ .~~~~~~:. 0 3 63 tiit Dec. 31, '95. June 30, '95. Dec. 31, '94· ' Bonds and mortgages ...•••.••• $2,618,1<90 $2,552,102 $2,194,845 Stock invest'ts (market value). Total.. .... ................... $4,617,439 551,500 551,500 551,500 Supplementary. Amount loaned on collaterals. 186,817 134,502 107,644 Cash on hand ...............•. i $144,87::J 15,685 Tot. am'tofprofl.ts during year. , 5 5,640 Cash on deposit ......... ••...... S' 121 907 · 221,484 Int. credited dep's same per'd. i 295,474 60,867 Plant.............. ... ........... 450,000 Exp. ot institut'n same per'd.. 450,000 450,000 30,543 Other assets..... . . . . . . .••..... . . 124,527 89,991 Am't of divs. decl'd same per'd 101,131 30,000 Amt.of dep.on which rut.is all'd 3,586,157 ----Total . . . . . . . . . . . . . . . . . . . . . . . . $4,059,004 $4,090,349 $3,631,149 Rate of interest................. 1 to 3 p. o. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ----- 3,948,372 5,795 3,350,627 5 ,759 $4,926,014 $4,313,180 $149,245 56,219 30,827 3(),000 3,847,872 $149,690 63,757 30,781 30,000 3,240,829 1 to 3¼ p.o. 1 to 3 p. o. I United States Bonds AND OfHER Selected Investment Securities. HARVEY FISK & SONS, 24 Nassau Street, New York. . 7 5 State Street, Boston. OUR LIST OF SELECTED SECURITIES SENT ON APPLICATION. HE~RY B. WIL O . EMERSON ~ICMILLlN, - - & Co., EMERSON MCMILLIN BANKERS, 40 NEW WALL STREET, INVESTMENT GAS AND STREET YORK. SECURITIES. RAILWAYS A SPECIALTY. High-Class Bonds and Dividend-Paying Stocks Bought and Sold on Commission. Financial Agents for Corporations in Paying Coupons and Dividends. Coupons and Dividends Collected and Promptly Remitted. C. W. D AVID r\. BOODY. MCLELLAN, BOODY, MCLELLAN HllNRY T. BOODY. & Co, BANKERS, NO. 57 BROADWAY ' OPPOSlTE EXCHANGE PLACE, NEW" YORK. MEMBERS NEW YORK STOCK EXCHANGE. STOCKS BOUGHT AND SOLD 01' MARGIN. Accounts Received and Interest Allowed on Balances which may be checked for at sight. Our Bond Department has special facilities for giving information to any one seeking Investments and correspondence is invited. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis JOHN MUNROE & FOREIGN coq BANKERS, No. 32 Nassau Street, New York, (MUTUAL LIFE BUILDING), No. 4 Post Office Square, Boston FURNISH EXCHANGE FOR COMMERCIAL AND TRAVELING PURPOSES ON PARIS, LONDON, BERLIN, ZURIUH AND ST. GALL. CABLE TRANSFERS ON PARIS. T RAVELING CREDITS IN POUNDS srrERLING AND IN FRANCS. HO USE IN PARIS: MUNROE & CO., BY WHOM ACCOUNTS WlTII AMERLCA BA.NKS AND BANKERS ABE OPE ED ON F AVORABLE T E Rl\f R. SAMUEL D. DAVIS & CO., BANKERS, No. 40 WALL STREE T, NEW YORK . MEMB ERS N. Y. STOCK EXCHANGE . . INVESTMENT SECURITIES. Interest Allowed ou Deposit1-1- gubject to sight draft. SAMUEL D. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis DAVIS. CHARLES 8. VAN J.P.MORGA N&C ., Domestic and Foreign Bankers, w ALL ST., co·R. OF BROAD ST., NEW MORGAN, HARJES & CO., 31 Boulevard Haussmann, PARIS. CO., Cor. 5th and hestnut Streets, PHILA ELPHIA. DREXr L & SECURr I.~S BOUGHT ALLO"WED . .JTEREST FORFIGN EXCHANGE. ClRCULAR SOLE> AND ~ ON COMMISSION . ON DEPOSITS. COMMERCIAL LETTERS CREDITS . FOR -·· TRAVELERS, Available in all Parts of the World . . ' . , . ATTORNEY8 MESSRS. . NO. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22 J. S. OLD AND -- . A\J.::N " """I ◄ MORGAN BROAD STREET, & Co . LONDON.
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