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*
————
«»«•—
I
mmm
The Investors'
SUPPLEMENT
TO THE
C ommercial
& [F inancial (] hronicle.
GENERAL INDEX.
Paok.
EDITORIALi ARTICLES-
MENACING INVESTMENTS
3
PRACTICAL EDUCATION
4
-5
MODERN LOCOMOTIVE DEVELOPMENT
6
SAFETY AT SWITCHES
STEAM RAILROADS
7
147
MISCELLANEOUS COMPANIES
NEW YORK AND BROOKLYN BANKS
172
172
NEW YORK AND BROOKLYN TRUST GO'S - 172
N. Y. AND BROOKLYN FTRE INSURANCE CO'S
GAS COMPANIES, (See also " Misoxllaitboub.")
172
RAILROAD EARNINGS MONTHLY
173
INDEX TO RAILROAD COMPANIES CONSOLIDATED, ETC. 175
-
-
-
fly
We
have no extra copies of
WILLIAM
B.
this Supplement.
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F inancial
Entered according to Aot of Congress In the year 1903, by William
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oppose*
which
course there are also opportunities
ot
an
and hazards.
There are bonds more
ottered at low figures, upon a pre
sumption or a prospect oi betterment which it is the part
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copies of the Ciikumci.k .u Is. each.
m08t
lino nut
le
1
ample, that
The
past
cite
to
fail
the telephone; and
of
who
investor
be entirely sin
about him.
looking
is
.rex-
BUCC<
may
lie
be
ii
;
take his chances, will note well his rU
to
The above observations are not offered as being in any
new; they are only rudinieiital in the lesson ot
investment; audit any really new ones were presented
the\ would not be sound.
The fact we bave in mind to
respect
B. DANA COMPANY, Publishers,
Pine Street. Cor. Pearl Street, New York.
WILLIAM
impress, however,
MORTCAQF ABSTRACTS.
The index
mortgage abstracts which have ap
be found in the Lnves
the
<>!
Chronicle maj
toes' Supplement ot October
peared
the
in
What
some
the
surplus,
can he do
sense
ot
to
in the
some form,
working it
investment, which
ol
to
in
list ot
when be
in the
widow
strict
the
investments
bonds
the
ot
point
in
ol
States
and im-
rank as borrowers, and then the line comes
cal
down
i>e
bonds and stocks
ot
ot
The bank must
able
more recent
(ail
paj
tO
the various classes ot
creation.
Desirability
desirability in point ot
and rate
remains
the
out
market because
is
amount
ot
which
small; or
is
where there
supply ma\
has
ma\
it
been
be
B
bank, which
outsider rich enough to
its
piece
serious
meet
to
pay his monthly
promptly, and without
fully,
conduct
to
is
operations
as to
bo
-•
Inisn
ot
Ii
T
i
and do pleasant driftiug with events.
it
pursuit;
profitable
true
this
is
road operation
issued
i
scarcity in
A--
in
is
mu
to
meet
about
railr<
ligations
thos
The complexity and
different matter.
also
intricacy
ot
something which lew who are
ion:
take tins one
rail-
Dot eu-
comprehend, and probably fewer think
,i
corporations are under either
powerful
a
paj
to
inpbaticalh
highest
is
aud
la
support.
To prim handsomely executed promises is very easy, and
to some minds this seems an exceedingly fascinating and
inversely as
is
Safety
rule,
Scarcity
supply.
ot
because
lute
or
point ot Baiety
return Lowest, as a
ol
I scarcity
in
interest yield.
:
i-
corporations,
including the '•industrials." which are
mean
under as severe compulsion
all rules, is
men; about
to
be verj
to
dividends
thoughtless
the
to
evasion- or
portant counties and cities are not tar behind in practi-
discovered
whom
obligations as the day laborer
rent.
course,
safety, ol
Government
seem
override
its
to earth, is
orphan, to
-imply and absolutely true that a
inaj.
.'
run
is
and
;
means putting money at interest in
bo worked by others, in distinction from
any wa\ one's sell
Ar the head ot the
possible
stand
reflect
There have been some instructive statements
published from time to time showing the wide distribution oi bank shares, for instance, and the "monopolist."'
man, wealthy or middle-class, who has
That is, what
do with iiia surplus.'
waj
those underlying
in
enough.
term
the
what
ot
Btrength, and
their
which, apparently, they do not
operations about
L902.
turnislies
which investors bave
also the concern
MENACING INVESTMENTS.
is
the serious, practical nature
is
underlies investments and
a
there
tact, that
ling w bate* er (iucludii
r
pur-
j
statutory or financial compulsion to have the securities,
'ami they persistently acquire them.
ol
surplus capital
that
is
free
to
chased
Moreover, the amount
ot their
now
as a
way
ot
contract, are
permanently disposing
coming more into vogue
of
money
aot bought and consumed bj
business are so
might almost
strict
life
mom
roads: they arc the universal buyers.
seek and doe-
investment is constantly increasing as the country
grows older; this is the reason why annuities, first as an
optional method ot settling lite insurance policies, and
for
say. as
The
many and
ramifications
Stive
that
wr
an illustrative metaphor, that
]
'
house and every person
that
is
connected
undertake
in a
here.
J
to
to follow out
in operating a
in the land
is
knotted into
railroads;
indeed,
and
describe
fully
if
a
we should
all
the detail
trunk line and the contingencies in which
;
SUPPLEMEXT.
INVESTORS'
itv
success
The so-called "professional"
involved, w
is
a complete numb*
Ther
iikcnuli:
i
has both widened in
life
scope and lessened in exclusiveness of regard; nor
to it
that railroads
•.-this:
is
LXXVII.
[Vol.
rigidly
art'
na as well ae
"business"
despised,
obligations.
demands more
its
.
relations
its
is
mankind have
to
severe,
possibilities
its
expanding; the "scholar in business" is less rare than
ed to be, and no longer seems markedly out of
but they are not worse; they are like all of us
the man who supposes that freight charges have place, as the career of Abram S. Hewitt illustrated.
The specializing which has been going on and must
been permanently brought down by statute or by any exTheir man
and
er
less seltish
than other
mistaken; they have become
d influenci
mi a lower level
Steel
tie
I
the better
rail,
track and car ami, the developed effectiveness of the loco-
motive, have
combined
The man who supposes
a railroad could carry
roly felt like
reduce
to
- or talks as
if
hauling.
he supposed
— that
cent per mile
pj
<':••
3
1
much
>f
bl
3
mistaken.
A
must
railroad
natural persons must.
inevitably continue
do
There
peculiarity well.
it
now, and perhaps
The
who can do any-
largely responsible for this.
is
men who are wanted now are not
thing so much as those who can
do something and can
more room
is
at the top
bottom, than ever before.
the
at
less
those
For example, a man well versed in chemistry, the allembracing science, is now of less account and promise
than one who is thorough in some one branch of it. This
talk going on it is true as to electricity also, the great field of specialty,
There is a vague and eminently true in the field of electro-chemical induspopular notion that a '•monopoly" can and will do any- tries, perhaps the most "practical"' combination of the
A man can and will do day. The tendencies of the times are clearly towards
thing which it is forced to do.
without food or water lor a year if he must; but within practical education, and since the span of life is too brief
so
\\ ith
j
thoughtless
timely to consider such
that time he
>nd the
pi
manner
bilities,
but
made
a railroad can he
meanwhile
-anti"
facts,
need of either.
to
becomes bankrupt, and
it
erybody than the
It
i^
In like
do linancial impossithis
holder of a
life
free-silver craze
make
beginnings,
training
best
without spoiling the
man
fields, it is
fits
forced to admit
by specializing too
now
is
work
for useful
divided
far.
into several
possible to attain commercial success through
experimental work without any scientific education, and
menaced every men who have done
insurance policy, or a savings deposit,
we seem
one which
is
In engineering, which
bonds or stocks are not the only ones who are concerned
The
do more than
that the
first.
timely to point out, further, that direct owners of
in this agitation.
to
may
this
be tempted to consider
On
such education unnecessary.
hand, the
other
the
ami every property right, because the foundations under scientific-technical schools are liable to err by omitting
every form of property rest on the standard of value
the workshop.
Most European schools, we believe, fall
and
linancial corporations are large holders of railway
One broken
securities.
anybody can afford
tility to railroads, it
link
means a broken
chain.
If
be indifferent to this blind hos-
to
must be the men who do nothing and
into this error
but engineering schools in
;
the course
this
spent in them.
is
It has
Yarrow of London has advocated
is somewmat in use, and is dubbed
really
an '-investor" in at least having a con-
months
PRACTICAL EDUCATIOX.
object of education
of regular
In Glasgow
this.
1\
this
the "sandwich system,"
providing for six months in college in winter and six
cern in the safety of investments.
The
been suggested that
manufacturing concerns, and A.
offices
every other man, however humble and poor he thinks
is
country
time could be better spent in the shops and drafting
have nothing, but are supported at the public charge;
himself,
this
are equipped with shops, and a very considerable part of
must be taken
to
in outside shops in
summer, four weeks of holiday
In his own
being distributed through the year.
be to furnish
Yarrow has a
lishment, Mr.
six -years' course
in
estab-
marine,
and for pro- engineering, which, after deducting six months for holiducing developed all-round men, for useful knowledge days, divides into 1.3 months in drawing offices,
and trained faculties may be considered tools. These months in college and L'T months in shop practice.
visions of the object are neither widely divergent
As told by Dickens in " Xicholas Xickleby," Mr.
nor quite identical. There are some persons who incline to Squeers of Dotheboys Hull beat into the heads of his lit"practical" education, and to argue that the pur- tle victims the definitions of "horse" and ''garden," and
earth is not to do work but to make char- then sent them to curry the one and weed the other.
ials
acter,
and
and
who could
tools for
this
is
(hung the work of
sound
if
life
not pushed too
A
far.
attain such extraordinary excellence in
man That was an abominable
some
work, say in putting the heads on pins,
would achieve a large comhe were hounded by pin making his
that he could earn a fortune
mercial result, but
life
if
would hardly be a success.
man who
M
1
At
the other extreme, a
new everything" but was
so
perfectly
instance of joining practice
closely with theoretical knowledge, but here
story
which
is
suggestive in
its
way.
A
is
n
ry
a recent
prominent
man
in the railway-supplies trade was asked, at the conven-
tion in
thither.
Saratoga
Xo
in
June,
if
his sou
had accompanied him
is that John re-
(was the reply): the fact
turned from college in a financially embarrassed condi-
balanced and
tion,
find
a
rounded that he could do nothing, would
no place in the world of action and would generally
and he threw out some hints about wishing to find
where industrious and well-intentioned young
koned worthless. The demand is for both character men could find employment for the summer, so I told
ami work.
him we were giving $1 60 a day in the shop to young
Colleges have been increasing in number and endow- men of that sort, and the result is that he is so busy
ment, and the number of persons (of b
who there and it is so much cheaper for me than bri:
place
<
i
attend them
h*l increased
through college "
is
deration; like
it
is,
that
tag degn
decided to let him Stay.
him to Saratoga, that
There is a moral in the story, and also in the fact that
some undergraduates of Eastern colleges have made their
way to the Kansas wheat fields to practice a new course
thau Strength.
of
to
have "been
no longer even an apparent
writing a hook or going to
common to be of weight, and to
name Suggest! charlatanry rather
too
oue's
also, SO
title
to
Europe.
I
summer
athletics there.
As
to
the
value
of experi-
July,
INVESTORS' SUPPLEMENT.
1903.'
meriting outside of actual Bervice,
that experimental engineering
Indiana has been able
interesting to note
it is
Pnrdne University
at
in
and is
and fro,
the <\ Under,
it
slides
to
supply from laboratory
to
a locomotive kept for the
pound-expansion economies
com-
the Baldwin Works.
to
Linder to
Btaok
OMOTIVE DEVELOPMENT,
LO(
fail to
impressed with
lie
he
to
train.
if
memory
the mid-century (supposing his
tive of
back thus
go
to
he will he further impressed with the great
railroad as it was in 1850-60 could not
far)
hear the trains of to-day, and
Used
in
it
IS
quite as true that the
the mid century would come
far
than
idly
in
ever
during the
before
multi-tubular boiler,
its
or fifteen
ten
last
rap
exhaust through
its
and other essentials, it is the
which Stephenson "delivered
the .stack. Us link-motion,
same machine
moved more
of the locomotive has
someti
is
'out
The most
Btrildng of Stephenson's
as that with
turning the exhaust steam into the
producing the familiar
has been
day until now.
at
But
end the coal fed
this
pipe:
the
fmd
literally)
it
percentage
intercepted and used on the
is
This waste
the cylinder.
cut
oil'
is
the energy in
<>f
lessened in practice by shift-
the admission of steam
some
at
earlier point in the
drivers,
lor
speed:
for
that
;
is,
and then
two, three and
and are attached
are connected,
four cylinders
the
now
the early type seems a dwarf in comparison.
r
the best that
is
.Marine practii
has been usinir double expansion,
and quadruple-expansion
passing from that
in
demand
for
more traction and piston-
to
the
Steam at the maximum pressure (considerably
than was formerly used) enters the first cylinder.
higher
borne above them and towers BO high that an engine of thence
response to
the
tin
shaft.
:-.
in
in
was
a
is
way by passing
and "work expansively," which
stroke
the short
lengthened and widened; the wheels are larger;
which once was between the driven, is
These changes have come
his
ing the valve gear, as the train gets under way.
deepened.
in
has
fire-bOX
the
d<
cough from
(always doing this
at the other
in
triple
and has now almost disappeared
in
rapid movement, blowing
and sometimes doing
effect
nd that
or
pull'
ceutury ago gradually dwindled as coal displaced wood
insignificant
mo
improvements
can he done with a single cylinder.
and
i
step in
locomotive was the simple one of increasing the draft by
himself" at Rainhil] in L829; hut that is all. The
huge stack which so impressed the youthful mind, a halffor fuel,
.
marked
engine, this latter being the most
power, for only a small
short of pulling the present train.
Development
This
development.
its
the locomo-
recall
a double
is
the double expansion
belong! with
ivcly
leasing a through
i^
U he will take the trouble
and massiveness, especially
and um
the plain or simple-expansion engine,
Ihe passenger who will pause a moment by the locomotive as he passes it OH leaving his train in any of our
large cities can hardly
p
thi
:
and
hox,
forms the same function.
MODERN
tl.it
Iternately covers
tin;
a cylindrical
in
itself a
kail steam into the cylinder and
liich
data on
useful
purpose
8
to
the second, thence to the third, an
to the fourth, the cylinders
diameter so as
to
compensate
:
successively increasing
for
reduction in pressure.
This prolonged expansion geta the most out of the
before letting go of
it.
The compound locomotive cannot carry the proce*
Steaming capacity, to move the modern load. More far as this. Sometimes one of its two cylinders
power and more quickness of action required more larged and made low-pressure, but preferably a second
steam; this, in turn, required larger boilers and large pair is added; sometimes each pair (high and low)
power
area, for
;
and
higher pressures and inert
tor
i
increase in grate and tine surfaces.
It is
no exaggera-
tion to say that the locomotive of the present
a
new construction.
The "inside-connected"
is
virtually
Naturally
tandem, but usually side by
side.
used and hence less coal
the Baldwin Works, who is
To quote
is
a
.Mr.
less
water
Vauolain of
leading authority:
"If you have 25 per cent less evaporation in a comit fol.Most of the pros- pound locomotive than in a Bingle expan
cranked axle, disappeared long ago.
lows that you get an increased water evaporation from
tyles might he distinguished in a diagram by the
number and relative positions of their wheels. These the coal you burn, and consequently yon have not only
arrangements are not by caprice and their interest to 25 per cent less coal consumed, but an additional amount
the general reader is that they are not govered by ma- due to better evaporation: so where you save 25 per cent
type,
working directly on a
chine-shop convenience, hut represent
and relative
tion
according
to
variations in posi-
of cylinder, lire-box and boiler,
size
requirements of the service.
yi
15
per cent of coal, or where you save
K> per cent of water you save probably L5
and
coal,
so
on
leading trucks,
I
I
MO
drivers
lantic" type, characteristic of the X. Y.
trains,
Central's
having a long boiler and enormous
capacity;
the
2-G-L'
is
the " Prairie " type;
the "Pacific" type, and on this type the
fast
"softer,*'
reducing condensation; there
steaming and hence
less
liability
of
damage
being able to run longer distances be
ti
boiler
sometimes reach the extraordinary length of 20
tubes and
feet, in
water, faster
running;
less
time
cleaning of
to
tires is
coupled 80 inch drivers.
truck type
area,
is
to get
and herein
is
The
object of the trailing-
a long boiler and increased grate
much
of the secret of the incn
hauling power (and increased earning power as well) in
the
modern engine.
One change
valve.
The
substitutes
latter
is
the piston valve for the slide
contained in a
flat
box attached
to
in dry
On
n
a
sons
is
the other
king,
i
drawheads; by
-
»r
can be made
fuel
without
required: '-and on ac-
quence of placing the huge tire-box at the rear of count of the softer exhaust" the dan
six
per cent of
in that proportion."
(this meanAdvantages are also found in the quality of the
and no trailing trucks) sen ice. Live steam may be OSed at will in the low"vcrcly limited in si/e of fire-box; the -4-1-2 (having pressure cylinder, and thus there is an increased power
available at starting and in emergencies; the exhaust is
bding trucks, 4 drivers and 2 trailers) is tin
Thus, the very old type designated as
ing
of water
tting fires
reduced.
hand, there
e
criticism
of the
modern large engine for having been developed
Cracks in the
rapidly and thus not symmetrically.
large and wide fire-boxes; cracks in the frame be
of the great weight of cylinders; troubles with rs
and a great increase
in
repairs— these are among the
INVESTORS' SUPPLEMENT.
6
may be
plaints; but these
they
ai-f
In favoi
per
is
temporary troubles, and
only
compound plan.
compound an average economy of 29*69
not distinctly chargeable to the
the
oi
water and 39*57 per cent
•••nt in
found on one road, and
ing of from 26 to
1
1*9
This
compounds, and as
(liter for the
n»ad reports the agreeable
mads
ten oilier
<>n
per cent.
per car mile
in fuel
is
a coal
to repairs, the
finding that
sav-
a large item
the
to
Paul
St.
compounds
have com
ten per eent less than the singles, this result
being apparently due largely to better endurance oi the
tubes.
One authority h>«»ks to the cylinders ami con-
I
The
considerable.
frog
always
is
a
Vol. LXXVII.
place of hazard and
a very objectionable necessity.
A
device called a swing-rail fro?
The name
the danger.
••frog"
is
proposes
to
remove
retained in order to
indicate the purpose, but it is a misnomer, for the aim
and accomplishment of the device is to do away with the
In the first place, and as the meat feature, the
frog,
main line is left at all times unbroken and contin
even when the siding is in osi
for the points"
above mentioned the main line is always exactly as if no
On the inner side oi the Biding, at
siding were there.
which is
the place where the lines cross, is a hi
pulled clear within when the main line is in use, this
line being always intact.
To use the suling this hinged
rail, whose web and flange are rwt away so as to form a
tongue which laps over the main-line rail, is thrown
over into position; then the car wheel, rolling in upon
the Biding rolls above the main-line rail (without touch
r
nected parts tor any increased cost in repairs (which
seems \erv reasonable to a layman at hast) and says
that cost of maintenance ol all such parts comes on the
average to about
per cent of the total, this cylinder
outlay coming ordinarily to about 136 a year; hut. he
adds, boiler maintenance is about 36 per cent of the total.
Then a considerable increase in the percentage of the
To accomplish
one repair cost would he more than offset by a Mnall sav- ing it) as soon as it reaches the spot.
ing on the other: of course, too, the question is one of this bridging, the rail on that side of the Biding is gradually elevated, beginning about 26 feet away in each
the net advanto
This net advantage (dearly seems to be with the com- direction.
Thus when the siding is required the swim,
pound, and one curious point lor them (of value especially piece goes over to its place, making a smooth join;,
on some roads which need an all-round performance) is the wheel is carried as on a bridge above the main line,
that an engine with a driver large enough for passenger and when the siding is not required the main line is
work will start heavy freight trains as easily as simple without any break.
The dividend earners of a
Suppose the switch has been set for the siding and
engines with a smaller wheel.
railroad are the locomotives which haul freight, and (to carelessly left so. and a train approaches to pass at speed
quote .Mr. Vauclain again) ''it is the freight train which without stopping: if the train is facing the •• points " it
the largest portion of the dividend, if there is any will be turned into the sidimr. with whatever consedividend paid; consequently it is in that direction that quences may follow, for there is no practicable method
the efforts of almost everybody are constantly employed." of causing the coming train to re-set the switch without
.
•">
an unmanageable complication.
The device, then
does not help such a case except in this, that by an acascribed mainly to the steel rail, must he ascribed to the companying device, to be presently mentioned, the
lately developed locomotive as welL
switch cannot possibly be left in that manner without
having its signal showing at '-danger/'
But if the
train is coming from the other direction and finds the
SAJ1.IY
SWITCHES.
arrangement set for the siding, the first wheel which
Sidings and switches are of course necessary on every strikes the hinged piece that is lying across and above
railroad.
Formerly, the pair of rails on the main line the main-line rail will simply push it away, and this acwhich were next to the first rails of the siding were made tion instantly restores the "points" to the proper posito shift a few inches laterally by moving the switch bar,
tion and locks them there: the misplaced switch is thus
so as to join the mo\ aide rails w ith the Biding or to leave automatically righted, and nothing happens.
them in line w ith the main track; the present practice
Since no part of this device is touched by trains
normally, but only by those which are using the siding,
B the rails of the main track fast, but another rail of
the main line and one of the siding move together, being and at a slow movement, wear upon it is reduced to the
tapered down thin so as to not add appreciably to the minimum, instead of its being subjected, as the usual
width of the rail with which one of the pair is in contact. frog necessarily is. to the pounding of every wheel which
These "points " are shifted at will to turn the w heeds into p.isses; the two lines of rail at the place of intersection
Ir is
the
that the great progressive reduction in
enough
plain
cost
of freight-hauling, which
has
heen
generally
AT
are also supported on a
the siding.
Bui where one
rail
tiding intersect, there
main
of the
is
line
common
a
and one of the
jaws of another; the piece is hard to describe in words.
but nearh everybody has had opportunity to see it, and
pedestrian's
catching in the
jaws of this trap (quite a possible occurrence) is familiar.
As this combination piece is at a poinl of intersection,
foot
car wheel which passes the place must
roll over it.
of mishap are connected with it.
The
"misplaced switch" which causes some wrecks may turn
a train which is not intended to go there,
l:
Upon the s
Many chances
i
1
1
i
or the wheels
1 1
may run
oil
the
rail
derailment; inn trains thai use
slowly and hence are Qot exposed
ends
a
i"
ami
thus
siding are
greal
meet
moving
Injury.
ions are different with those which do not stop,
even wheel on one
I
the point of the
the frog is rapid,
and the
V may
strain on
break:
wheels
and
w<
a*
The other
long base-plate, so as to
—
which properly goes with
supplement it but can be used indeIf the groundan automatic safely switch.
part of the del ice
the jointed rail to
pendently
is
which moves the switch is pulled clear over, thus
returning the "points" to normal position, it lo
lever
automatically;
if it is
which the switchman
not clear over, the
locking-lever,
required to fasten with his padlock, cannot be closed into its place, nor will the signal
return from its "danger" position.
The warning signal
is
thus remains, and the
wrong.
Similarly, if
man
has notice that something
some obstruction
gets
in
and
vents the ••points*' from going up close against the
(in which case a wheel -flange mighl possibly run WTO
the apparatus will not close, and his attention
the fact thai there
is
some
is
is
prerail
called to
trouble.
This safety device has been successfully used for
& Nashville and I. ehigh Val-
he
and
side of such a train must run Swiftly
over this peculiar angled piece,
A Bange ma*j enter the
wrong groove;
moving out of plat
joint piece called a
"frog," • name which answers for a designation, but
without any discoverable appropriateness. This is a long
piece, resembling one V set. point first, into the open
the thrilling tale of a
common
hold the parts from any
era! years on the Louisville
ley roads.
would seem
is
As
to
is
in
simple,
ever]
ingenious and practical,
it
way commendable. Nothing
and whatever makes against
an accident,
urrence has claims upon attention.
so costly as
i
it
be
RAILROAD
Com pan
Misckli. wkui.s
J^'OR
COMPANIES.
M
I
BB1 PAQB& 147 10 170
k.
)
- putilisned
EXPLANATORY.— This Supplement Is expressly Intended for use In connection with the li
000)
from week to week In the Ciikoniclk. Frequent referenoe Is therefore made to the volume and page Of the OB ROD
I Item In thi
where fuller Information may be found. Folio wing each statement also Is given a referenoe to the
ceding Item, the reader can run back over
iny's history
the oompany. As every suoh Item contains a reference to r
at pleasure. Annual reports are In black-faced figures, and Ualiea Indicate a paragraph headed by
-n ilkment.
Index.— Any company not m regular alphabetical ordei may be found bj means of Index to roads leased and
Dividends.— The a\
mutated In the text are those actually paid during the nalenrtar years named, Irrespective of whan sor
Net earnings are given after deducting operating ex pensee and usually taxes, but not Interest, rentals or other fixed ob >
Securities. -These are described In table el bead of page [exoept the stock, for lack of space, sometimes only In text below) as follows
Miles of Howl. Opposite bonds, this means the rnlles of road owned oovered by the mortga
-ioo and larger.
Size or I'nr Pofate.—Shows tin dollars unless otherwise marked), the denomination
Rate Per Cent. -The Interest an. dlTldend
mtsm Is here shown g., gold; ••ur, currency x, extra; B. Stock or sc
When Payable.—J. 6s J. stands tor January and July; P.eA.,
LAS., March and September; a. A <>., April ami October
arch.
I) ., Jnn« "ami DeiO. -J., quarterly from Jan.; i^. -P., iiuarterly from
LAN., M
Ponds, principal when line, etc.— This column shov _ the date when the bonds mature ami the amount ami date of the
)wa
ino. M.
Abbreviations in table: M. for " mortgage; " gen M. for "general inort
M. or consul. M. for " consolidated a
" g. for " gold " o. or cur. for " ourrenoy " guar. p. A 1. for "guaranteed principal an
cum. for
or " Ineoin
cumulative " noii-ciiin. for " non-emu illative " oonv. for "convertible Into stock at holder's option; " pref. for "preferred; " s. f. for " sinking
" r. fully "registered (no coupons);" o. "ooupon;" o." "coupon but may be registered as to principal;" br. " branoh;"
clpal;
fund;" 1. gr. for
r'll "
end. "endorsed;" "red." redeemable d'rn" or "drawn" subtect to call when drawn by lot; "p. in." "per mile;" as'd "assumed."
Mortgage Trustees and Stock Transfer Agent* (TR Treasurer's Ottloe) are indicated thus:
Payable withoin deduction for any tax.
Baltimore—
Pittsburg—
New York Citv—
N. Y. ClTY— (Concluded—
Louisville—
B— Bowhrg (Jreii. Trust.
I!
IIIIii
Tr. A Guaranty.
1 Trait.
h— st
r
unbla Kinanco A Tr.
FfH
Ce- Cent nil Trust.
Trust.
Continental 'Trust.
!o It >t
- 'irti Trust.
I'l'l
.iety vit,
<l
Tn— Trust Co. Of America.
City Trust.
Kiln- (fidelity 4 D
Col Colonial Trust.
In
Dion TrusU
Dion Trust.
LL— Louisville Trust,
PI
.>! Ilu—
Maryland Trust.
I'd— Dotted States Trust.
Ca— Continental Trust.
Me lla— Mercantile
mn U. rt. Murt. A Trust Co. !> Bn- Safe Dop. ATr. A Pop.
Ea- Kxv
Philadelphia—
Trust To.
riicrs' Loan A Trust.
St. Louis—
Boston—
lillll
it—
CHICAGOHI'- Kl.lelltv Trust.
Mg| m .. ,. ,,,,,( Vsliev Tr
K— Knickerbocker Trust.
A II— American Loan A Trust. AC— Amer. Trust \ S iv. Itatik. UP— Qlrard Trust.
Ha- Maiili.nian Trust.
Kit Boston Safe Dep.ATr.
KG— Ki|intat)le Trust.
Qa I' Guaranty Tr. a B Dep. -«««i --. Louis Cnlou Trust.
.>
1
i
-
1
j
I
;
i
f
I-'.
;
I
i.
;
;
;
1
;
,
'
,
i
1 1
•
i
.
.
.
i
i
<
i
i-
•
i
•
I
I
I
,
.;
!'
We— Men-mil
Trust.
Mo— Morton 'Trust.
Up— Motroi>ollt»n 'Trust.
11,
I
It -
>l II
«—
N. Y. Security
A
'Trust.
I*—
North American
Trust.
HT Subscriber*
I<-
Interim' lonel Trust.
Yfassaoho'tta Loan ATr.
\
m
UC— Union
will confer a favor by jilvlnic
Date
Of
Co.) gold. * 1,750,000
F.0
General mortgage, jel, 160,000
Ce.e
Debentures, gold (English Co.)
c
Alabama Midlan, l See \n LKTIO OOAST Link RR.
Ala. N. 0. Tex. <t Pac. Jane— Deferred "B" shares.
Preferred "A" shares, i; p,
cumulative
"A" deben., red. aft. N'ov.1,'10, at 115—8eetext.c
"B" debentures, Income, red. after 1910 at 115.
"O" deb., Income, subject to call any time at 100
Alabama ,t I'irA-jioun/— Stock $1.050,000
Vloksb'g A Mer. 1st M. gold, *1, 000,000. F. .xo*
Ala. A Vlcks. consol.lst M., ($1,800,000) g..Ce.c
2d M., originally $700,000. g
< le <
Alaska Ventral -\*t Iff., r., red. at 108 uft. 1008.0*
Albany dt Northern.-1st M.. g., (860,000 are pre! )e
Albany dSusq.— 8toek.iltvfdsk, uar. by l>.A- H.(end)
Consol. M. i (guar, p.* 1. end.) currency 7s. F.c'Ai
nowlstM.
i°>s, interest only In gold...
do
Albany i£ Vermont— Stock, :i p.0. guar, by rental).
Allegheny <f Western— Sun k ($3,500,000)
1st M. $-.2,500,000, gold, guar., p.
A
1.
end
Allentoicn RR. (leased to Phlla.
& Reading
$1,000,000
£1,566,000
£676,070 9
$1,750,000
£10
£10
143
143
143
143
LOO
$1,000
£100
£100
1898
1,000
1870
$ A £
1870 100,000
1892
1,000
50
berton, o., 2**17 miles in length, with 18*75 miles under construction In Jan., 1903. a consolidation in May, LOOS; v. 71. p. L088.
stock, $100,000, owned equally by the Pennsylvania Kit., Bait A
Ohio, K
the Vaudorbilt Interests. Bonds authori
500,000; (500,000 reserved for future requirements. They maybe
drawn at 105 by lot yearly d
nlng 1903, by :» sinking fund
of $11,550 per annum. V. 75, p 140.— (V. 7(1. p. 134".)
Alabama Ureal Southern Kit.— /See Map Southern Railirai/.)—
Owns Wauhatchle, Tenn., to Meridian, Miss., 891 miles; branch Ones
owned,
Wauhatchle to Chattanooga, 5 miles, and Belt
Ry. of Chattanooga, 45 miles; trackage to Blockton, Ala., 8 miles, and
Woodlawn, 19 miles; total operated. 374 miles.
Organization.- Controlled by Southern Ry., but operated Independently. V. 60, p. 26; V. 81, p. 375.
Ala. Great So. By
Limited,
owns all of the stock and debentures of Ala. Great So. rr., and has
Issued In place thereof its own stock and debentures respe
for a like amount. The two companies own Jointly $833,3on
Of Southwestern Construction Oo. received In exchange for $S33,300 Tin. N. O. A Tex. Pac. stock. See V. 65, p. 117
8TOCK, Etc.— Of capital stock of English Co. the Southern Railway
Co. on July 1, 1.802, owned 81,736,000 "A" shares and $l,"> 10, 0.">o
B" shares, v. t> 1 p. Jd. For right to dividends see March. '94. Sopp.
Funded arrears ,,f dividend (English Co.), bearing I p. c. interest.
£53,257; ear trust notes, payable monthly to Mar., L908, £15f,609.
l
.
1
1
'91. "92. '93 to '95. '96. '97. '98. '99. '00. '01. '02.
\,
<;
Latest Earnings-!
July
Annual
1
6s,
9
6
6
8
9
9 June.
:..
£484,000, will retire 1st 6s and debentures.
1002-3. Gross, 88,000.3
13,786
\ 1901-2. Gross.
2,292,088; net.
Report.— Report for 190l-0'_',ln V. 75, p. 664, showed;
to
May
1
mos.
j
31.
Gross. $2,487,451;
on bon.
'03.
00000000
6
( ;
net,
$713,243; other Income, $11,564;
Interesl
income tax, etc., $3 _\l:' 2; balance for stock.
8405,833; dividends on stock of American Co. (6 per cent), $1
-<V.71, p. 601, 644, 1218; V. 73, p. 443, looS; V 75, p. 664.)
Alabama New Orleans Texan A Paclllc Junction Knllw-ajM <•«». (Limited.)— This Is an English company controlling Am
bama A Vicksburg, 143 miles; Vicksburg Shreveport A Pacific, 189
miles; New Orleans A North Eastern, 196 niilea.
Securities owned.— Ala. A Vlcksb. $30,000 1st mort., $337,700 2d
M., $141,100 consol. 1st Iff. and $581,500 stock; V. 8. A P., $1,386,000 gen M..$2.o-sO. 100 pf. and $2.773„i0O com. stock; V. 8. A Pao.
.
1
?••
eA ?
1
"1
cram bonds,
•°2\°! )0
>
,nc,oni es
81,364.000; N. O.
AN.
and $5,320,000 stock;
E..
$4,900,000 gen. M.,
-
55 55
6
5
5
*
555555
N.Y.U.S.Mort ATr. OoJ June
Dec
London.
1,
1942
.
D.
I
f.
M.
R.
g.
In
N. Lon.,Glyn,Mllls,C.ACo. Nov.l, 1910-40
A-
M. A
5 g
O.
1902 Yearly.
B
5
A.
A.
A.
A
A
A
<£
A
.r
Nov.l, 1910-40
do
See text.
Y., Central Trust Co.
J.
.r.
tf.
6.
O.
O.
J.
g.
g.
do
ft*.
A
A:
do
do
do
dn
do
do
New
1
A
N.Y.,I)el.
York.
A Hudson Co
Nov. 1, 1940
Aug. 9,*02,6%
Apr. 1, 1921
Apr. 1, 1921
Apr. 1. 1021
Apr.
Jan.
6, l'.>:!3
1, 1946
July 1901,41*
Apr. 1, 1906
Apr. 1. 1906
Mayl5,'03.l>fl
July 1. *03, S
N. Y Iselln A Co.
J. A J.
do
do
Oct. 1, 1998
A. A O
A. A O PhlL.Pa. RR.Co. ..vLon. Apr. 1. 1910
J. A J. Phlladelphla.Pa RR.Co Jan. 1,'Ol.etc.
Met). 1. 1942
do
do
M. A 8.
071,400 under KcadlnirCo.mort.
A.
\
.V
do
do
.lo
O.
do
at
M.
I'rov. N. Y.
N.
,
1
$1,000,000 are with trustee to retire V. A M.
E VKNINO8.— Fiscal year ends June 30. For 11^ mos. ending a
9,616, against $977,595 in 1901-2. Report for 1901-
ized,
:
.1
V. 75, p. 1027.
Tears—
Gross.
D
1801-02 81,019,844
920,668
-(V. 71, p. 750; 9()8;
t
Set.
235,340
V. 73. p.
Hal., stir.
1
I57,V.
,6)63,000
;,ooo
3,024
131,
7 r>. p
Dividend.
103,956
Interest, etc.
-
I
027.
laaka Central By.—Projected from Seward, on
the «outh coast
of Alaska, north to Atwood, on the Tan. in a River, 413 miles. In
1903, contract for tirst 25 miles was let Stock, $2,500,000
June,
5 p. 0.
non-cum. preferred, offered for subscription in Oct 1902; common.
authorized, 827,500.000: par of shares, 850. Bonds are limited
000 per mile of main lino and branches. The Central Pi
,
I
iChloago)
mortgage trustee. In April,
offered, accompanied by a bonus In oommon si
*>4.
Pres. and Gen. Mgr., (>. W. Dickinson. Vie.
Illinois
were
is
11
Mciiraw; s.e., John 1:. BallaJne
218 D.-nny Bldg., Seattle, Wash -(V. 75, p 866; V. 76, p. 70S, 1351.)
Albany A Northern Ity.— See Slip, for Apr
Albany A Siiftqiichaiina Hit.— < See Map Delaware d Hwlson.}BOAD.—Owns AJbany, to Binghamton, N. V., 142 miles. Leases,
obleskill, N. Y., to Cherry Valley, 21 miles, practloally owned by
D. A II.; total operated, 163 miles.
-kd for 150 years from Feb., 1870, to Delaware A Hudson Comaty, V. 56, p. 774.)
pany; rental Is 9' o per annum on stock.
\ 1 vital Report.— Earnings for years ending June 30:
.
'
1
W. Construction Co.,
Sh
8448,700 stock.
There are £28.494 interest certs, secured by £34,193 "C" debent.
OOUP. PAii>-For'91. '92. '93. '94. '95. '96. '98. '99. '00. '01
'02.
«^" De ^ Pn Pc
-875 1
4° •••P-c-2i« 2»«
5 Below B'w
2-u 2K 4*e
T.5
"0
do ..P.C
13, 2»8
5
8.
Due.
Stocks— Last
Dividend.
<>.
,
,
12;
1
Prlnol
pal, When
!
The Nov., 1901. coupon on B debentures was paid Jan.. 1902, and the
May. 1902, on July 1,1902; the Nov., 1002, an. May. 1808, coupons
iid when due.
on " O" debentures waa
a ]i.ivuient of 2\i p.
made In Feb., 1W02, and 5 p.0. In id., 190;'. V. 74, p. <J.i.
K vuninos.— See separate statement for each of the controlled companies. In year ending Deo. 31, 1902, net from investments was
xl 10,865; paid general expenses (£3,408i,lnoome tax i£^,_".i I), Interest on "A" debentures (i:{5,180). on "B" debentures 5 n. 0. paid In
Jan., 1903 (£19,108), on"C" debentures, 5 p. c. (*38,000) balanoe,
including £930 from 1901, £7,715-(V. 76, p. 434, 592, 1029.)
Alabama A Vlckobu rs; Ity.—Owns Vicksburg to Meridian. Miss,
and branoh, 143 miles, a ll steel rails. Controlled i>y Alabama New
Orleans Texas A Paclflo Junction Co., which see. Reorganization of
the Vicksburg A Meridian foreclosed Feb. 4, 1889 (see V.48, p. 190).
Dividends.— '90 to '98, 3 p. c. yrly.; '96.3: '»7 to '99,5; 1900 to 1902,
6 yearly. Stock dividend of 50 p. 0. in 1900; sec V. 70, p. 032.
Bonds.— The new seconds were Income till April 1,1*94, and area
a on the lands— 45, 393 acres.
Of the $1,800,000 consols author-
.
DrvniKNi>—
5
!"
'
"£„' shares
D.
..TJ
1891
J'ne 20,'03,5%
do
N.Y.,Fann.L.ATr.ABos| Jan. 1, 1908
A D London, Ulyn.M llsACo Deo. 1, 1927
Aug. 15, 1906
FA A 15
do
do
I*
100
100
Adirondack Ity.— In 1902 merged with the Delaware & Hudson.
Akron A Harhcrtoii Holt Itll.— Owns a belt lino around Bar
"B" shares. > 14
Bonds.— General M.
A
&
J.
g.
1902
875,000
5 g
400,000
3.500,000
3,000,000
7 cur.
7,000,000
600,000
3,000.000
6g.
2,000.000
4 g.
9,998.000 6 g. or 7
600,000
5
6,092,000
1,268,884 lncl. $1.
1,000
1,000
12
By.)
Trust.
£2,500,000
£1,500,000
100
1876
1876
4
In
£526,000
£134,000
1,000
1,000
1
11;96
61
61
Safe Deposit
allfornla
I
1890 £.->() Ac
£718,850
1890 £20 Ac. £1,018,390
£810,652
1890 £20 Ac.
100
$1,050,000 6
1881
1,000
1,000,000
lss;> 100 Ac.
588,800
lss;» 100 Ac.
601.300
259
359
259
i
Amount
£10
£10
tJ.o*..
Allegheny Valley— 1st M., guar. Penn. RR
r
Mort. to State Pa., $100,000 due Jan. 1, yearly..
Gen. M. :$20,000,000) ft., guar. p.Ai. FPl.x.o'Ar
San Francisco—
»>
<
[NTERE8T OR DIVIDENDS.
$l,0O()
.
142
142
\
When
Payable, and by
Outstanding Rate pei Payable Where
Value.
Whom.
Cent.
,-.
\
Kn.l Tr.
A
1878
isss
1886
35
on
Lnn.
WP-\Vest
....
290
t Tr
nn. Oo. for liisur.
'
Trust.
Size, or
....
IstM. (American
I'cl'
'Trust.
l'ar
1902
....
ATr.
Immediate uotlce of any error discovered In theie Tables.
Road. Bonds
above.
It— IstM ..s.f..text.g. I'hiii.o* Ar
Alabama Ureal South' n—"K" shares (English Co.).
Pref. "A" shares, (English Oo.) (>%, £800,000....
11,
FIP-I
I
N.irthern Tro
(
ItC— Royal
UAII.KOADS.
Miles
For explanation of column headings. Ac, see notes
of
Akr.it Barberton
Illinois
Ml
Ml- New Kngland 'Trust.
(HI HI Coloni Trust.
HH— Stale Trust.
Gross.
$2. 16:', 14.6
4,850.20=)
(V. 73, p. 337; V. 7
Albany
Net overtaxes.
84,643,964
1901-02
1900-01
1.
p.
IO885
"f.
1,033,152
1,059,364
2.524,129
75, p. 342, 1147.)
A Vermont UK.— Owns
Bal.,eur.
$1,140,218
1,464,765
road from Albany to
ford Junction, N. Y., 18 miles, Leased to Rensselaer A Saratoga In
I860 and now operated by D. A H. Canal Co. Annual rental, $20,000
INVESTORS' SUPPLEMENT.
b
RAILROADS.
_.
it
1902
i.obo
Stock, preferred, .•jiKii.-isc.ooo, 5 p. o., non-cum..
Chic. A St lout-) l-t M. ($10,000 p. Ill 0OT.F..0
chic. Santa Fe A OaL, 1st mort. gold itn
neral mortgage, gold.
Ad|. inc. M., cum. from July 1. 1900. it., cc.c'.tr
East. Oklah. IMv., l-t M $10,000,000, g <•
I
282
Deb..g ..Ser. B to I. ,$2, 500.000 ea.; call 105 (nutch. A Boy l-t X.,g.,red.l05aft L907 on <•
8. Fr.A Bi nJo V»
11 aft 1918
lie
375 1896
269
Pref. M. (old 7sext. in 1897), see v. 64, p. 286.0" 265 is 1877
1st M. voting power, 10 votes for each DO]
1877
Djcoiup bonds mot cum extended in 1900
1880
AUa>. Knorr. J .\o. Ai/ - 1st M., $1, 000,000,
1896
Oonsol. inort., gold. $10,ooo per mil.- I »
228 1902
Atlanta Terminal- 1st mm:
1903
10, gold 8.
*86
Atlanta <£ West Point— stock
Debenture certificates
1881
Atlan.it Jlirming/i. — 1st M.,*l luO,000,g.,text.F.e108 1900
83 is*;<
Atlantic CTtjr 1 nt
82,200,000, gold ..GnF
1900
Atlantic City purch money real est inort.M.t. I»
66 1898
Sea Coast prior Hen mortgage, col it
All.
Atl. City 1st con. M ,$4,500 000, R..D.A l.gtLOF
1901
a Origin airy Nov. l. in Apr 1903. Interest on *26.1 12.000
i
Charlotte-*:
100
t)
1,000
1,000
|
500
i
l.OOO
1,000
-
100
1,000
1,000
1,000
1,000
.
M
1.000
hail bee
l
Al^omu Central A Hudson ltn> IC>.— V. 76, p. 750.
Allegheny A \% eatern Ky.— [Bet MapBnff.lioch.it: Vitts.)—
Punxsutawney to Butter, Pa. (aoout 60 miles), opened sept. 4, 1899.
An extension of Buffalo Rochester a Pittsburg, to which leased In
Serpetiiity for guaranty of bonds
and 8 p. (' on stock. Uses Pitts.
West, from Butler to New Castle and Pittsburg under a trackage arrangement, making in all Ki5 miles. Extension rrom Butler to Newcastle, 20 miles, whs reported under construction in March, 190:>.
See application to Hut iu full.V. 70, p. 84'.).— (V.71,p. 501; V. 74, p. 774.)
Allegheny Vallc) Railway.—Owns from Pittsburg to Oil City.
Pa., 133 miles; Red Bank, Pa., to Driftwood, 110 m; others, 18 miles.
Organization, Ac.— Reorganization March 1, 1892, of the Allegheny
Valley Jiuilroad, foreclosed per plan In V. 53, p. 324,368,520; V.
54, j). 409.524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning $9,653,800 of the $10,544,200 common and
$11,876,654 of the •17,172,850 of 3 p. 0. cumulative preferred stock;
authorized issues $12,000,000 and $18,000,000, respectively, In $50
shares. Wording of pref. certificate wa- m editorial of Burn
of Oct. 30. 1887, p. 8. Leased to the Penna. RR. Aug. 1, 1900, for 20
years, rental being the net earnings. V. 70, p. 87; V. 72, p. 491.
Bonds.— General mortgage Is guaranteed by Penn. RR. by endorsement on each bond. Kcal estate mortgages, Jan, l. 1903, $734,561.
Report for 1902, V.76, p. 1215, showed gross. $4,193,085; net. $1,317,280; other inc., $91: int., ta
152,493: bal., eur., $164,879.
(V.72,p. 674; V. 74, p. B29,98 1; V. 76, p. 1245.)
A ll< nf <> i\ n Kli.—Toptonto Kutitow n, Pii.,4'-j m.; Reading system
Allciiiiiun Terminal If allroad.— Owns 3 k' miles of railroad in
Allentown Pa., connecting the East Penn. (Philadelphia 4 Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia &
Beading and Central of New Jersey (by assignment from Lehigh Coal 4
Navigation Co.) at Interest on bonds and 5 p. c. on $450,000 stock (par
850), bonds being guaranteed, principal and interest, by Philadelphia 4
Reading (fo
nd Lehigh Coal A Navigation. The Phlla. A
Reading Ky. Co. 111 1896 assumed the Reading's share of the old lease.
Ann Arbor Hit.— Owns road from Toledo, O., northwesterly to
Frank tort, on Lake Michigan, 292 miles; operates car ferries between
Frankfort, Mich., Kewaunee and Manitowoc, Wis., and Menominee
and Gladstone, Mich., and Mauistlciue, Mich. The Pere Marquette
he Toledo terminals.
Organization.— Successor Nov. 1, 1895, to ToL Ann Arbor 4 Nor.
Mich., foreclosed under Ijuintard-Bawrence plan in V. 59, p. 782. In
May, K»()2. a syndicate Closely identified with the Gould interests purchased control. V. 74, p. 10S8.
Stock. -Common, $3,250,000; preferred, $4,000,000; 5 p. 0. noncumulaftivc-; par $100. Pref. stock cert.
Sun. Oct. 30, 1897, p. 3,
BOND
lie first mortgage (trustee, Metropolitan Trust Co.
"•property, including terminals and freight boats
N. Y.,i
June 3o. 1902, current liabilities, bond int. and accrued taxes, $398,894; cash and current assets, $679,981.
Earninoh.- 11 inn-.,/ 1902.'!
Cross, $1,882,C4S; net, $610,005
July 1 to May 31. (1901-2
<.ro--,
L746.783; net, 496,750
AjnrUAL Kmokt.- Report for 1901-02 was In V.75, p. 007, showing:
ttartnd June 30—
1901.
19007
1899,
earnings
$1,893,410 $1,754,144 $1,721,453 $1,519,834
Operating.
1. 309.1 63
1,324.620
1. 172.390
Bel
$444,985
$396,833
$346,944
Deduct Inter -t
280,180
281,831
283,805
288,803
Taxes
52
49.733
46.003
40.153
..'.'21
Balance, surplus
$17,988
•
I
"<
iperatJ
properti and Improvements, against
dent, Jo iph
Ramsey
»l7-.i'il
in
l
li
son. directors, Oot., 1902, V7 75, p. 610
v. 75,
a n 11 a po ii» Wn-iiiiigioii a Baltimore
Arizona A
tali
I
301
Ky. —
tckage,
Kingman
nding
June
p.
balance, def.,
Underwood; Beo. and Tree R
A rka ii>»< ,T| |<| In ml ICI.
A rkii 11- i«. vniiiiieri, it 11.
ipletion of 25*
1
KU
191
-
.
170
1
in, 101 miles, [a June. 191
Wlnnfleld to Alej
»iuireii control. V 76, p,
"O
lug. $1 ,262,000
Bondt n limited to $12,500 per mlh
Idorado, Ark., south to
30, 19
total deductions 676,064; dividends,
nt ami Tre usurer, (•<<>.
w
.
w.
11.
A rka 11 hii « SouUiui
(\'.
June 30, 1902 (3 miles),
Bt Louis, Mo.-(V. 7o,
l
i
Year ending
i;.
111.
1
$35,000
Hunter. Vice-President,
g.
5
4
N.
J
A
4
A.
.1.
1902
1902
6 our
g.
.
.
4
.
lg.
J
4
.
4 g.
4 g.
4 g.
l>
Bee
M 4
&
&
4
4
4
4
4
F.
J.
A.
M.
s
A.
J.
O.
do
do
do
do
do
do
Oct.
July
Mar.
c
to
Pike (It
v.
Ark, 34
1901:
105 milea to
per mile. For rear ending
President, Wlllla
.
1
1.
1,
1,
1995
1995
1928
Feb.. 1904-14
Jan.
Oct.
1,
1.
1928
1940
N.Y.Cent.Tr.Co.,54Wall Mar. 6,'03,3»*
do
O.
do
Jan. 1, 1907
do
do
J.
Jan. 1, 1907
do
do
O.
Jan. 1, 1907
New York.
Deo. 1, 1946
A D.
A S. Offlce,L.& N.,120 B'w'y. Mar. 1, 2002
New York.
Juni 1, 1953
a d.
4 J.
Atlanta, Oa.
July 10, '01, 3
A.
J.
A.
J.
M.
r.
J.
J.
J.
&
4
M. A
&
*..
A.
J.
do
do
do
dd
do
do
O.
;i
&
A
4
N.
S.
do
do
Co's option.
Wayoross, Ga., and X Y July 1, 1920
Read. Ter. Bldg. May 1, 1919
do
do
Apr. 1, 1930
o.
Philadelphia
O.
Apr. 1, 1948
do
July 1, 1951
J.
J.
J.
N. Phlla..
V.70.
p.
944.
ArkannaM 8prlOK8eld A Northwestern
II K.— Projected from
Jefferson City to Springfield, about 160 miles. Stock authorized. $3.000.000. The stockholders on Jan. 20, 1901, authorized first mortgage
bonds at $20,000 per mile. V. 75, p 1085. 1398. President, Henry C.
Solomon, Kansas t ity. Mo. Directors Jan l'j03, V. 76, p. 330. (V.
75, p. 1085, 1398; V. 76, p. 330, 751.)
,
Arkansas Valley A WcNlern RR.— Red Fork on the St. Louis A
San Fran, bet ween Bapulpa and Tulsa, I. T., north westerly to Enid, abt.
140mileR, with branches mostly completed In Julv, '03 Incorporated
Jan. 131, 1902. In Aug 1902, acquired in the interest of the St.l.
V. 75, p. 288. Stock authorized, $3,500,000. Bonds are subject to call at
par and interest on and after July 1, 1912, or at any time at par if
an extension is arranged at a lower rate of interest. President, c. O.
Jones, Oklahoma City, O.T.; Sec, John B. Linden.— V. 75, p. 183, 288.
Anhevllle
Spartanburg
See Southern Ry., Carolina Dlv
A nIi land Coal
Iron Ry.— Ashland to Straight Creek Junction,
22 m. Ches.A: Ohio has trackage over this road. The mining interKy.,
ests were in Jan., 1902, transferred to Ashland fron & Mining Co., stock
being reduced from $1,547,000 to $773,500. Bonds, see V.71,p.27. Year
ending June 30, 1902, gross, $160,130; net, $75,473; other income,
$57,2d2; int., taxes, etc. $54,605; dividends (9 p. c
0; baL,
def. for year, $61,030. Total surplus June 30, 1902, $206,061. Dividends In 1895-96. 4 p. 0.; in 1896-7, 4 p. c; in 1897-8, 4 p. c; in
1898-9, 4 p. c; in 1899-0, 4 p. c; June, 1900, to June 20, 1902, 6 p. o.
yearly (H« p. c. Q-M). and in June, 1902,3 p. 0. extra; Sept., 1902,
none; Dec, 1 p. 0.; in 1903, Mar., 1 p. c; June 1% — (V. 75, p. 76, 732).
,
RR.—
A
A
A
RR.—
Columbia River
Astoria
Goble to Seaside, Ore., 79
miles; branch, Warrenton to New Astoria, 2 miles; trackage, Goble to
Portland, 40 miles; total, 121 miles. Stock outstanding, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
7, 1996, Interest F.& A., Issuable at $40,000 per mile; outstanding,
$3,280,000. Central Trust Co., Trustee. Year ending June 30, 1902,
gross, $306,954; net, +113,477; charges, $140,512; bal., def., $22,035.
Pres., A. B. Hammond, Astoria, Ore.— (V. 67, p. 426.)
A
Atchison
Eaatern Brldjre.— Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used by the
Atch. Top. 4 Santa Fe, the Chic R. I & P., the Mo. Pao. and the Chic.
Burl. A Quin. A reorganization of the Chic 4 Atch. Bridge Co. foreclosed Mar. 4, 1898, per. plan V. 65. p. 366. Stock, $700,000; par,
$100 per share. A sinking fund equal to the difference between the
annual interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and Interest (by lot If not purchasable In the open
market).
Year ending Deo. 31, 1902. gross, $96,65^; net, $75,002;
int. and sinking fund, $30,000; renewals and other charges, i$6,675
Pres. arid Treas., Howard P. Fells, Cleveland, O.— (V. 67, p. 57
(The) Atchison Topeka A Santa Ke italU\ ay.— (See Map)—
The system operated Apr., 1903. comprised 7,957 75 miles of
railroad, and embraced an unbroken line of track from Chicago,
via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ocean;
also to Galveston, Tex., and the Gulf of Mexico.
111.,
Organization.— This company was organized on Dec. 12, 1895
under the geaeral laws of Kansas, bv the purchasers at foreclosure
sale of the property and franchises ot the Atchison T. 4 Sauta Fe RR.
Co. In accordance w ith a reorganization plan. V. 60, p. 658.
The railway company In Apr., 1903, owned In fee 5,606 miles of the
system, including the line from Atchison to the western boundary of
Kansas, 470 miles, and also all, or nearly all, the bonds and stocks of
ijuis companies in which the title to the other
68, p. 974. A ii-t of such holdings is in the general mortgage (In V.62,p,
7:i2,733,anil
annual reports). See V. 69, p 1300; V.71, p. 2v,
For operating and st at 1st leal purposes the system is divided as follows.
J/i/«.
Atchison T. vv S. F
Gulf Colo. A- S. K
Southern California
Total of all
4,s
1,202 88
478'07
A.
T
...1,292-78
Lines
South. Kans. Ry. of Te.
7
Also control- the Sant
v alley
Dtt A Phoenl
Northeastern. C>1 1 miles in all. V. 75, p 680. In An
quired control of Gulf Beaumont 4- Kansas Cltj and Gull Beam
Northern, but all ai
operated Independently
V.
In Mar.. 1903. the Bel Bin
eka, In Northern California,
er with the California A Northern, 35 miles, was acqul
the interest of the company. \
itedon
'it. 11, 190 J, to parch ise the Santa Fe Pacific UK .etc
V
San FTanolsco A Ban Joaquin Valley Rj
V. os. p. 426; V.67 p. 841. 1355; V.71, p. 605; V.72,p
n \ul'.. 1901, lines iu Oklahoma were proposed, 226 being op
mid 66 additional under construction. \ 73, p. 7
•.!.!< I5i>; V. 75. p 010, '.iso
in.
outoffwas undi
lev, to Albuquerque, N. M.,
struotlon from Portales, on th<
nlng the main line about 200 mile*. V. 75, p. 28, B80.
he San I'raiiclsco A Northwestern K\ was it, corIn M
Wlth $15,00 \000 authorised -lock by Atchison offlol
build from Llton, Humboldt Oo., Ca
to a coi
ctlon with
the Atchison near point Richmond, on ^an Francl
er 200
miles.
Kramer to Johannesburg, Oal., 28 miles,
ie Randsbura RR.,
was
V. 70. p, 083.
eferred stock has preference as to assets and noneiimulHtlvc dividends not exceeding 5 p. c. per ami., as declared by the
A-
1
I
,
•
H.
70, p, 701. 751.J
II)
gross, $5 1.77H
4g. M. 4
4
In
In
July 1, 1919
July 1, 1995
Apr. 1, 1929
July 1, 1929
New York and St. Louis. July 1. 1952
Cheek from Co.'s otHee J 'nr 20.1903,1
N.Y..N Y. BecATr. Co. Mav 1, 1925
N. Y., Cenfl Trust Co. July 1. 1928
Cheeks mailed fr. N. Y. June 1.1903,2
do
do
Auk. 1.'03, 2%
N. Y., 5 Nassau Street, Mch. 1, 1915
do
do
Jan. 1, 1937
X. Y., Contfn.Trust Co.
.
.—Mm it lit on
Qagetown
rn
.).
Q.-M.
New York and Phlla.
NY., Metropol. Tr. Co
I
Qurdon Jot. to
he tn Camptown.48 miles; total,
new owners. Mock authorized, $12 000
miles; branch,
to
Orouoh.
.11
A O
A
I
of main tr..
net, #132.4'I3; other
I;
Beoretarj
IIIIM
.
1
n,
Wlnn11
fiebi,
Bron
811-
sident, K 1..'
n. y.
Bggh
11.
..
n
30,
ending June 30,
;ir
»,04O;
,
to Mo'"onnlco, 4
190
tl. 000 bonds Issuable only on
Jane
Hen-
is.
898, «>07; mo.)
nil.— v. 75, p. 1801.
DnnlOO to ^"u miles beyond
1
Chloride, Ai
now
ided for
1900-01.
-
Jr.;
n
J.
Q.-J.
195.000
5g.
6,000,000
5 g.
1,700.000 7 In 1902
4
500,000
4,250,000
7o.
750,000
4
1,000,000
5 g.
1 g.
500,000
•1
1,200,000
g.
1,232,200 6 In 1901
1,232,200
6
593,000
5g.
2,200,000
5 g.
4i«
75,000
350,000
5 g.
1,063,000
4 g.
stamped i> ayahle M
1.0O0
1,000
111
A
J.
\.
J.
300.000
i'.obo
1900
1898 500 4e.
100 102,000,000 4
100 114,K<
5
1,500,000
1885
1,000
lsST 1,0004:0
600 40. 13S.707.oO0
500 40. 51.72s.noo
5,64.">. 000
1903 l.OOOdO
27,500,000
1902
1,000
143
*
it
g.
7 iu 1902
Iron— Stock
22
1st refunding mortgage, $400,000 gold. If...
Ateh.d f.umVh Unity
:.. red., text. Ce
Atchison Topekad Santa /- By. Mock, coin.. 7,960
Atlanta
g.
1
334,000
1,262,000
See text.
101
SSlC
-
4
.0,000
7.0Oo.(
1889 $1,000
1895
1,000
1899
1,000
3
292
25
.
Ashland Coal
I
P"
Road. Bonds Value
Allentomn Jerni'l— 1st M., raer.p.Ad.(endL)g.Ce.xo*
Ann Arbor -1st niort., $7,000,000, gold. IB |> X...C
Arizona J Vtah -let M., $000,000. gold. Go
O"
Arkansas 8ouUie*n- l-t M
0, ft BI*t.
Ar/t. r.rflT.— lhT
I
81ze, or
of
notes,
of
bonds— PnnolNTK REST OR DIVIDENDS
pal.When Due.
Atnount
When
OnWandlng ««!»P« Payable' Where Payable and bv Stocks— Last
Whom.
Dividend.
_.
.
Date
column headings, Ac, see
on first page of tables.
For explanation
LXXVII.
[Vol.
.
1
1
i
July.
1908.]
KAILUOAD STOCKS AND BONDS.
D
SUPPLEMENT.
IN DEBTORS'
io
Milr.Date Size or
Amount Rate per When Where Payable, and
by
For explanation of column headings, etc., see notes of
Road Bonds Vatae, Outstanding Cent. Payable
\Shom.
on tirst page of tables.
$100
1897 100 Ac.
1900 100 Ac
100
100
100
1002 l.OOO&e
1902 KiO Ac
1902 100 Ac.
1900 100 AC
Atlantic Coast Lin e < <0. [Conn.)- stock, $30,000,000
Ctfs.of indcbt.,lnc..uoii-cum..$0.0O0,000.r.SBa.
red.atl05aftAr207T8.SBa
do
J.
Bit.
in'
Btk.,
common
(text)
Class "A" coin, st k. t:i\ exempt (Hull. & Pet. Ctfs.)
Preferrcl stock, 5 per oenl
1st consul. M ,980,000.000, g.. text U«....c-&r 3,850
Col.tr M (told, sec bj I., a >. stock,red.l05 e.vi
Certificate- ot indebtedness tnew)
.
told;
do
1. HI. UNO
1st Consol 4s.
oons M g.. Flor. to Charlest'n.c
Wllm. OoL a Aug., Isl M.. (Wilm. to Columbia).
At.C.L.oi s.c.gen. 1st M, $8,000,000, g.8Bm.o'
Petersburg M., class A, gold
1 )o
M B, g., (Petersb. to Weldon)
Blclim d « Pct.i.ii., 1st liiurt. ($2-1,500 are 7s> ..
0*
(on. M.. g. (Rich, to Pet., etc.). Co
Wllm. a WeL gen. M. ($938,000 are4s) SBa
.in
i
(10,500.000 See text.
5,000,000
5 our.
5,000,000
4
35,650,000 5 in 1903
1 ,000,000
5 in 1903
1,751.100 5 in 1902
34.5^5,311'
4
85,000 000
21.36.L875
78,000
4g.
g.
4
Q — M.
J.
J.
(8
102
192
674
59
59
23
27
468
177
86
68
110
102
545
124
103
171
171
175
.
,
>lv.,lBtM..g.(8an.towll.JSr.O.&c.).8Ba
Wll. a New Pern, 1st M., gold, assumed. SBa
Alb. a Bal .1st M., g.,aB8'd(B.Mtto Plym.)8Ba
Nor. A-Car..l8tM..i:.<P.Pt.,Va.toTar..N.c.).<v.c'
2.1 mortgage, gold
o"Ar
8av. Flor. A West 1st M.. gold 11 j>
St. John's R. 1st M., call. J an. ,'04 (V. 77, p. 35)
Charleston a Savannah, pen. mort gold.SBa.c
Bruns.AW. lstM. Bruus. to Albany, g.,gu.!Tlp.c
i
SBa
-
.
Income mortgage
Ala. Ml.l., st M., g.(Bainb. to Montgom.) 11 p.xc
Florida Sontli'n 1-t mort 15,000,000, g.A
Sao ford A st. Pet raburg, lot mort., gold. Pel*.
Pour small is. ues
1
K
,
1,000
1,000
1,000
1,000
1,000
1883
1880
1898
18sl
1SS1
1875 500 (fee
1890
1,000
1885
1.000
1,000
1899
1,000
1897
1894
1,000
1,000
1889
1896
1,000
1,000
1884
1899
1,000
1,000
1886
.00 Ac
1,000
•214
1895
1,0
153
1894
l.
7s-".i::
l.noo
Increase in the
majority of all
sented at a meeting. The total authorized amount of preferred stock is
$131,486,000, of which $10,800,000 is reserved to acquire other
lines; also $6,486,470 in special trust for Improvements, extensions, etc. Pref. stock certificates in Sufi'lement of April, 1897, page
Common stock authorized, $102,000,000.
3.
Divii>KND8.-On preferred. 1 p. c. paid Jan. 26, 1899; July 20, 1899,
1V»; 1900,4; 1901 to Aug., 190H, 5 yearly (F.&A.). Div. on com., June,
1901, l»s p. c; Dec. 2, 2 p.c; 1902, 4 p. o. (J. A D.); 1903, June, 2 p. c.
Bonus.— The Gen. Mort. (Abstract V. 62, p. 731-739, see also V. 68,
p. 974) Is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 7,734 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions.
General mortgage 4 * (limited to $165,490,500).
l^sae"*™ ^""liiol
a To retire guarantee fund notes paid and car trusts at
not exocediDK*l,260 for each $1.000 of old bonds... f 16.600.000 18361,000
606,000
1,600,000
Non assenting bonds from reorganization of 18&H
b
1,600,000
1,600.000
e Chicago A St. Louis 1st mortgage 6s.
For lmprov'ts, terminals, second track, equip't, etc.,
at not exceeding S3.oo0,i Oo yearly, of which not over
14.K00 500
30,000,000
20,000,000
7.326,500
For acquisition of Atlantic* Pacific and other lines
The Adjustment Mortgage ( llintnict V. 62, p. 739) Is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
be
for the fiscal year up to 4 per cent and the rate is to
Interest
determined on or before October 15 in each year
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 general 4s authorized for Improvements as above have been Issued (\. e.,
not before June 30, 1905), $20,000,000 additional adjustment 4s may
De issued for the same purposes at not exceeding $2,000,000 in any one
year, but only by a majority vote of the adjustment bondholders. interest—In Nov.. 1897, paid 3 p. o.; since, full 4 p. o. yearly.
The Eastern Oklahama division 4s of 1903 ($10,000 OuO authorized)
will be issued lor extensions; the present issue of $5,645,000 will be
secured on lines about completed in July, 1903, viz.: Paul's Valley to
Newklrk, Iud. Ter.. etc , a total of 282 miles. V. 76, p. 434.
The $30,000,000 debenture \s of 1902 were issued to pay for $13,000,000 equipment ordered since July 1, 1901. and to cover the oost
of securities of Santa Fe Presott & Pha-nix, and construction of new
mileage already made or authorized, amounting to $5,000,000, and
additional equipment. Terminal facilities and other permanent improvements made or ii.curred since July 1, 1901, or hereafter to be incurred.
No new mortgage OO lines owned when the debentures were issued can
be made without securing debentures thereunder. See statement, V.
74, p. 150, and official statement in V. 74, p. 204; also V. 75, p. 680.
Han Francisco <£ San Joaquin bonds may be drawn at 110 after 1915.
General Finances.—Capital expenditures from organization to
June 30, 1902. see V. 73, p. 1811; V. 75. p. 680. in Jan.. 1902, issued
$30,000,000 debentures, payable $2,500,000 yearly; see abo\ e.
In 19ol divid. nds on common stock were begun. V. 73, p. 738
The total funded debt per mile of road July 1, 1902, was $28,882;
interest charge, $1,167. V. 75, p. 678.
Latest Kakninoh.— 11 } 1902-3.Gross, $57,862,790; net, $22,723,^64
mos.,.Iiilyl to May 31. S 1901 -2. Gross. 54,690,803; net. 23,394.699
Deducting taxes and rentals, balance for Interest in 11 months of
1902-3 was $20,740, 207, against $21,530,739. Road operated 7,^01 avniil.-H in 1902 8, against 7.853 miles in 1901-2, the Han Ki an. A
Joaquin Valley KK., 373 miles, being Included in both years.
Kei-okt.--Annual meeting second Thursday in December. Report
for year 1901 -02 was given in V. 75, p. 064, 678; see also pa/e (ill
Average freight train load, 2 17 tons in 1901-02, against 242 in 1900-01.
1900.
Yearsend. Jun. :ioL902.
1901.
1899,
;
7,807
7,841
7,033
Arer. miles operated
Gross earnings
$59,135,086 $54,474,822 $46,232,078 $40,513,499
::2, 262,946
27,521,499 27,606,681
Operating
;
i
Net earnings... $25,225,818 $22,211,876 $18,710,579 $12,906,818
icoooi.i
1901-09
Net earnlns*.... |26.22\«ih
Other Income.... 1.1*0,868
$-ja,2ii.s;(i
Inc. mie.... $28,366,876 $22,644,438
Dividend on preferred lUX k
.N.t
Dividend
common
"ii
Balance, surplus
oil:
f..r
|
8aj.b67
i-02.
Taxes, etc
1
.$1 6.664, 6*8
llaL.suru
(I)*)6.70S,«K)
your
U
j..
et*.
1)
$6,888,608
Mornwoti; K.
of Exe0UtlT6 Committee, Victor
i. ill up. Coin p.; H. W. Gardiner,
I..
(
i.
I
New
Mniiii, Cl.ici*"
York;
ll
Andrew
(5)1)6
$6,777,018
inn;. n
i.
$12,474.&'i7
(4jt)«.<r;>\22o<i)t;»)i,r>2u.a3i
mi
»(,,%.-.
7,830,sll
B.I3S,i(h6
itoek
P. Ripley, President.
l itoo-oi.
$2.28(»,oi»6
18.863,168
Interest
Mi-limn Duval.
-
I
Jubvs, vYIcblln,
('
.i.
Thomas
prard
Uowel
P
.Ioiior,
A
-st.
Berwlod,
1'
Fowlei
TreiiM
I
Myron
Ripley,
J.lTreas. Of.."Wilin.,*N. C. Jiilvl6,'d3,'
do
do
lu.v iu,'03,2»i
do
do
Mav 10. '03 2»*
X. Y„ U. S. Trust Oo.
S.
July 1, 1952
M. A- N. N.Y..J. P Morgan ACii. Oct 1, 1952
M. A N.
1., Wllm., X. 0.
Irredeemable,
A
M.
A
MA
If.
i
Cijjh
,
—
(
(
t
.1
J.
g.
.
t
;
.Iulv.1903,2%
do
A
&
g*
A
4
&7'
6
do
X. Y., Cuyler If.
Co.
a D. \"<w fork A Baltimore.
J. Bait.. Sale i>. A lr. Co.
& J. Kichm'd and Petersb'g.
A
4»s g.
4,000.000 4g. A5g.,J
1,800,000
4 g. J
500,000
500,000
1,320,000
400,000
6,500.uoo
1,500.000
1,500,000
3,000,000
A
4
g.
5
A
A
a
do
O.
N.
do
A A
g.
do
do
do
do
5g.&6g
i g
7 g.
N.
Y
4g-
N.
V
-
1,
10,
July
July
1,
l,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
May
Apr.
July
June
Aug.
Jan.
Central Trust Co.
Kalt.sjafeDep.ATr.Co.
New fork and Savan.
V. V.,
5g-
Jan.
June
Oct.
Richmond, OHioe.
N. Y., Brown Bros.
J. V. Y., Bait, and Wilming.
i).
ialt., 8. Dep. A Tr. Oo.
O.
5g. M. & N.
4 g- I. a J.
.1.
a
g.
2.800,000
2,117,000
275,000
47,500
U.S. Trust Co.
do
do
U. 8. Trust Co.
.
,
N. Y.. Metropol. Tr. Oo.
N. Y.. U. B. 1'ru.t Oo.
do
.1
•1
Apr.
Jan.
Apr.
Jan. 1,
Jau. 1,
Jan. 1,
1933
1910
1948
1926
1926
1915
1940
1935
1949
1947
1944
1939
1946
1934
1901
193b
1938
Nov.
1928
1945
1924
1915-1943
Jan.
1,
1,
J.-ii.
do
1.
Various
earnings exceed $1,500,000, dividends to be 6 per cent and if they
exceed $2,500,000. 7 per cent.
Dividends, \ 1881 to'89. 1890. 1891 to Mar., 1901,inol.
Since.
Per cent— { 5 yearly.
6 yearly (M. & 8.) 7 yrly. (M.&8.)
5Hi
Latest Earnings.— 10 \ 1902-3
Gross, $2,'i72,490; net. $ '30,904
Gross, 2,133.355; net, 797,892
mos.. July 1 to Apr. 30 S 1901-2
Earnings.— For year ending March 31, 1903. gross. $3,047,261
agst. $2,898,978 in 1901-2. Pres., C. 8. Falrchild, N. Y.— (V. 73, p. 553)
;
Atlanta Knoxvllle ANortlierii It).— (See L.<£ X Map).— Knox
•
Tenn., to Marietta, Ga., 205 miles; and Murphy to Blue Ridge,
23 miles; trackage, Marietta, Ga., to Atlanta, Ga., 20 miles.
IIistory.— A reorganization per plan in V. 62. p. 1040, of the Marietta
A North Georgia, foreclosed. Stock, common, $3,000,000; preferred, 5
f»er cent, $l,5o0.000, issued in 1901 in exchange for second mortgage
ncomes. In Apr., 1902, the Louisville & Nashville acquired a majority of the stock. V. 74, p. 775. Of the oonsol. 4s, dated Mar. 1, 1902,
$1,000,' 00 are reserved to retire the first 5s, now limited to that
amount, the balance being issuable for general purposes.
Earnings.— 11 months, 5 1902-3
Gross, $644,171; net, $198,243
Gross, 573,902; net, 217,426
Julyl toMay3l.
(1901-2
Report for year ending June 30, 1901, V. 73, p. 1109. In 1901-02,
gross, $621,169; net, $229,053; int.. $87,592; taxes, $21,929.; surplus,
$119,532. President, (July, 1902), Milton H. Smith— (V. 75, p. 28.)
Atlanta Terminal Co.—To own union passenger station, with
approaches, to be used by Southern Ry., Central of Georgia Ry., Atlanta
and Seaboard Air Liue Ry. Stock. $75,000,
est Point
all oo liiion; par value of shares, $100.
Of t lib $1,500,000 bonds (sae
above), $300,000 is reserved for future requirements. V. 70, p. 593,
1394. Pres., J. W. English. (V. 76, p. 593, 1394).
Atlanta, Ga., to West Pt., Ga.. 86 m.
Atlanta A Went Point
Ga. RR., June 30, 1900. owned $494,500 stock and $388,900 deb. cert.
A belt line around Atlanta, 5>e miles, is operated at rental of 4 p. o. oa
it* cost, viz., $110,535
V. 71, p. 963; V. 73, p. 1354.
Dividends begun in 1855 were for many years 8 percent per annum.
From July 1, 1884, to July, 1901, inclusive. 6 per cent yearly, JAJ;
Oct. 1. 1899, 25 p. c. extra (V. 69, p. 590i; siuoe (%).
In 1901-2, gross. $788,637; net, $317,814. In 1900-1 gross, $745,103; net, $255,009; other income, $3,833; charges, $174,885; dividends, $73,932; surplus, $10,025
(V. 69, p. 590; V. 71, p. 963.)
Atlantic A Itlrini n^liuiii lilt.— \\ 'aycross, Ga., to Montezuma,
miles, and projected further to Oglethorpe and Talbottom; alsj
140
projected from Wayoross to the Atlantic Coast at Brunswick or St.
Mary's, or both, about 85 miles. In July. 1903, the Titton & Northeastern and 'iiftou Thoiuasville & Gulf, together extending from Fitzgerald to Thomasville. Ga., 8o a miles, were acquired. V. 77, p. 87.
In Oot 1901, it was voted to extend the road northwesterly from Cordele, Ga., toward Birmingham, Ala., about 124 miles, and from a point
in Meriwether County, at or near Warm Springs, about 75 milds; total
to be 397 miles. V. 73, p 899.
STOCK, Bonds, Etc.— Stock authorized, $7,080,000; Issued, common,
$606,400; preferred. $700,000; par, $100. Of the bonds $150,000 are
prior liens subject to call after 5 years at 110 and interest.
Balance
above $500,000 bonds can only be issued at $5,000 per mile of completed road over 70 miles. Car trusts, $28,386.
Latest Earnings.— For 11 months ending May 81, 1903
ville,
&»
RR
UK,-
—
-j
,
11
Net.
liross.
;;io«.
Charges.
Hal. sur.,
$243,846
$105,173
B31.VS9
$73,244
124,286
53,169
K2J9I6
30,253
Year 1901-02 (aver, miles about 80), gross, 9147,470; net, $65,405 interest on bonds, $25,000; balance, surplus, $40,405.
Prest., W. G.
Kaoui, i Nassau Bt., New York; Vloe-Pree. d Gen. Man. Geo. d. WadA Auditor, W. J. 8waln; olllce. Wa> cross, Ga. — (V.77, p. 87.)
Atlantic City BB.-Oarnden to Atlantic City, 57m. (double track);
branches, 5 m.; Wlnslow unction, to Cape May, N. J., Sea Isl.
Ocean Olty; total, 168 miles A consolidation in June. 1001, per
Stock, common, $2,625,000;
plan In ciiuosi. i.i;, X. 72, p. 127S.
preferred. $1,000,000 (par, $00). The Beading Oo. owns the greater
pail of the stock, and guarantees the oonsol. -1^. principal and
interest.
Form ot guaranty, v. 75, p. 1398. of the latter, $3,437,000
r\e.l to retire the Old bonds shown ID tabic above and $42,075
real estate mortgages and for improvements, BeeV.73, p Bl. There
are also outstanding $23,500 Beaooasl BR. ser. \ 5s and $2,834 ser. B
or year ending June :u>, 1902, gross, $1, 310,246; net, $206,870;
fixed
II; bal., sur., $4,039.— (V, 75, p. 1398.)
\iiniiiie conoi Line <<>.—(. s',, Map.)— Organised
May 29,
majority ol capital
1889, under the laws of Oonneotlout, and owns
stock and a large amount of the bonds In a ulroadoomFianles denominated for oonvenlenoe the Atlanuc coast Line System
ill y described under the title of the Atlantic Coast Dine KK. below.
1902-S
1901-2
.1
1
i
Slo.iv. As tO -ertilleates of Indebtedness, see edllorlal. Oct., 1897,
Sir., page 3.- V. 85, p
'1. \ 71 p. 131 1).
In 1898 $5,000,000
trlbuted as a 100-per-oenl dividend. V. 67,
954
(
.
i>
.".
oo
868,000
800,000
340,500
300,000
5,547,<
J.
N.|
A
J.
8*
,600.000
A
10, '03, 2
Irredeemable.
July 1, '03,2%
I
L.
Kenna, Chic igq.
\i-hhu Ht New York.— (V. 7(i. p. 1406; V. 77, p. 87).
Allniiln A < linrlolle Air Line It).
BOUthtm A'ai/
)— Owns 'lnirloltc N '.. to A Ian a. <l a., 'JU'.t intl(<s.
way System.
Ihe operating contriict of 1881 (made with Kichinond A Danville)
was assigned to and accept. -I by the Southern By. Oo. It requires
if gross
t he payment of Interest on At. A- C. debt and 5 p. c. on stock
Topeka:
on-i.
<)
ooo
profits.
$760,000 for extension?
1
.1.
Stocks—h&et
Dividend.
!
June
Baltimore.
In 1902 paid 5 p. o
In 1902 paid 4 p. o.
D.
A
•
pal, Whan Doe,
89,0(
1888
1888
No other mortgage and no
preferred stock can be made without the consent of a
the preferred stock and of all common stock repre-
board of directors out of net
657,000
&
J.
J
BONDS I'M.
No. Baal
Bviuu — Princl
INTEREST OR DIVIDENDS.
RAILROADS.
do
do
Atlan. Coast
LXXVII.
fVoi..
,
•
i
1908, stockholders subscribed to $500,000 new stock at $250 per $100
share, raising ihe anion nt outstanding to $10,500,000. V. 76, p. 1029.
in 1900 company distributed $10,000,000 i
oertlncatee of indebtedness (lnoludlnfl $2,500,000 of Atlantic Ooasi LJni /./.. o.iasa 100-p o.
dl\ I. lend to lepres. nt the ].roilts iroiu the consolidation by which the
Atlantic Coast Line RR. was formed.
I
July,
1903. J
RAILROAD STOCKS AND BONDS.
11
SUPPLEMENT.
INVESTORS'
12
you
^
i
xxvii.
Bon ds— PrinciRAILROADS.
INTEREST OR DTVIDEND8.
Date 81ze, or
.
pal, When Dne.
Amount
of
P»r
of
For explanation of column headings, Ac, Bee note*
Outstanding Rate per When Where Payable, and by Stoekt—Last
Road. Bonds Value.
Cent.
Payable
on first page of tables.
Whom.
Dividend.
RR — (Concluded.) -
Atlnntic Coast Line
SfLBp.O.d G
l-t M.,ir (Orala to Inv.
,
Wil.AWei rtfs
Dan*.— lsi
M
&
C
lir.K'l
—
iio.ir.lnt.rcntal
1888
$ 1.000
7.000
113,400
4g.
J.
100
A
l.O.M)
3.92=>,000
7
4
A.
g-
J.
.V
278
1900
1904
1901
1
g.
.1.
A
1887
1,000
'I
$1,525,000, g., lnt ivntal..Ta
Short Lin*.—lSl M ,$4, 000.000 gold.K
Atlantic <t No. Carolina- Stock. $1,800,000
Hit
1 at mortgage, $325,000. ?I
rental Grand Tr'k
AtZaiifw- rf 2
Augusta it Savannah— Stock 5* rental Central Oa.
Ce.xe
Augusta So.— 1st consol. M.. gold
Aw>n Geneseo <t Ml. Morris Tift.— Stock (see text)
Bald Eagle Valla/ - Sto< k, *2. 600,000
2d
All.
,
(lull
<t
$100
325,000
5,484,000
1,022,900
1894
1,000
H400.000
100
50
225,000
1,535,000
93
M. orlg. $400,000 (a. f., drawn at 100)... FPxr
BoiOmorerf A ima/i.N.L.-Wtork, common
Baltimore Ohesaurakt <t Allan. — \*X mort., goldAC
1880
1,000
£A$100
100
1894
1.000
1879
500
1879 100 &c.
50
1881
1,000
1886
1,000
1,000
1888
100
100
1898 500 Ac
1898 500 Ac.
1899 500 Ac.
1898 500 Ac
88
3
Ball. <t Cumb Vol. Ry.— 1st inort.. Interest rental
5
Ball, it Cumb. Vat. RR
1st mort.. Interest rental
carries i> r.)
B.d C.X.RR yjrt,n.-Hik. gn_ ($270,000
27
lnt Mortgage, Interest rental.
32
JSetff»mor< rf Harrisbmq RR.-M., gold. Vie
15
l-t M Went. Ext. ($10,000 p.m.), g. ,gU.RIe
stork, £125,000,000
HulHtnore A O/ilo— Common
Pref. stock, 4 p. c, ininciiiu, auth. $00,000,000..;
Prior lien mort., gold, not suhi. to eall.rne..c**r!l,017
570
1st mort.. gold, red., at 105 after 1923.l'w..c*&r
Bouthwest'n Dlv. 1st M., $45,000,000, g.F ..cat 921
37«
Pitts. Je. A Mid. Dlv. ($20,000,000) 1st M.iM'e.t-.tr
P. L.E. A-W.V Svs. ref..ir.,red.lOOiift.'25 I'n.i-.tr 1,633
Conv. drt.cn $15,000,000, cold, red., see text..
dig 1st mort. 3 1* per cent.
Dwdi
—
1
Bar
HaC
!
M
5 g.
1,797,200 2 In 189S
172
53
85
1st
,
See text.
1,000
100
.•
Ba
A
75
rordlT.1887.nOD-eam.4BC
<>fin.t
AU.it
1901
1.000
1,000
1901
ma
6
6
5
5
&
1'.
July 1. 1918
Irredeemable.
1,
July
1,
1,
New York.
J.
A. N.
Y„ Knlcker
».
Trust
Aug
1948
1948
1931
'heck from Co.'s office. Sep. 15 '99, 2%
Balt.Xl.F'rm'rs'AP.Bk July 1, 1917
(
M
3>a
Y., U 8. Trust Co.
Wilmington, N. c.
N. V., Mercantile Tr. Co. July
.1
J.
g.
X
J.
O.
A
J.
J.
J.
F.
J.
A
London and Portland. Mar., 1903, 3%
Savannah, Oa.
Julv 5, '03, 2%
J.P.Morgan* Co. Deo. 1. 1924
New York, Erie RR. Juiv 1/03. 1\
.1.
D. N. Y..
10
Feb. 1, '03 5%
312,000
6 our
Phlla..F.In8.Tr.A8.Dep. Jan. 1, 1910
358.000 7 uln 02 J
Checks mailed.
July 1, '03, 3>*
1,250,000
Phlla., Broad St. Stat'n Sent. 1, 1934
6 g. M
48,500
.1.
6
Bait., Farm. A Mec. Bk July 1, 1929
72,800
6
J.
do
do
Julv I, 1929
390.000
5 A7
J.
do
do
Julv 1, 1903
230,000
J.
6
do
do
July 1, 1931
080,000
5 g. M A N
do
do
Nov. 1, 1936
210.000
do
5 ft. M A N.
do
Mav 1. 1938
124,262.000 4 In 190.-5 M d a Co.'sOtnce,2WallHt.N.YSept 1,1903,2
59.374.000 4 In 190:i M. A 8.
do
do
Sept l.'03, 2%
71,000.000
3>* g.
do
do
July 1, 1925
J
69,000,000
4 g.
do
do
July 1, 1948
43,600,000
3»3g.
do
do
July 1, 1925
a 6,175,480
do
do
Nov. 1, 1925
3»ag.
20,000,000
M A N.
do
do
Nov. 1, 1941
592.000
do
4g. M. A S.
do
Mch. 1, 1911
,
1
4»
380 1853 500 Ac.
118,000
N. Y., 8peyer A Co.
Loan, 1853, extended in 18S5, gold
Oct 1, 1935
4 g. A. A O.
1868
1,000
69.000
4 g. J. & J. N. Y. Office, 2 Wall 8t. July 1, 1946
A- Con. .1 st M.,ext. In 1896 in cold
BOlTDfl l"M>K!;l 1 Mi Si HI II v\ hsTKRN DlV. 3 UJH
26 ooo Viir.. g. Varlons S. Y.. Farmer*' L. A Tr.
B A <) 8. W A'/.'.. eie
Various.
" Coup., M.-N.:
6 Coup., A.-O.; reg., y.-J.
re*.. O^F.
fl Coup., J. -J.; reg.,0,.
n Also $475.000 additional nnguar't'd.
a In addition $7,635.0 50 are pledged as part collateral for the Pittsb. L. E A W. Va. System 4s.
Pitt.
.
I
<•
.
—
V.71, p. 697; V. 73, p. 493. As to securities pledged to secure equally
theoertflicates of Indebtedness of 1897 and 1900, see V. 71, p. 1310.
1903.
Cash Dividends, S 1896. '97. '98. *99. '00. '01 '02.
4>«
5 4!<j8ee text. Tncl. Jne., 4
4
3
Percent—
\
3M)
In 1902, Mar., 2i« p. c; In Sept., 2 p. c. (quarterly).; Dec, 2 p. c; in
1903, Mar. 2 p. c: June, 2 p. c
Full Interest lias been paid on the certificates of Indebtedness to
1903. Chairman of Board,
Elliott.— (V. 74, p. 774; V. 75,
Henry Walters. President. Warren
p.
O.
4^6, 732. 1146; V. 76, p. 1029.)
Line Kit.— (See Map.) — Operates from Rich
Atlantic Coast
via Charleston, Savannah and Jacksonville to Port Tampa, Fla..
with nnmerotu branches, to Norfolk, Va., Wilmington and New Bern,
('.. Brunswick and Albany, (la., Montgomery. Ala., etc.
Lines owned — ( Con.
Milts.
Lines ow7ied.
Branches, etc
1,294
Richmond, Va., to Port Tampa,
898
Fla
U 8ee these companies.
Mile$.
Leaned—
Norfolk, Va., to South Rocky
115 Central RR. of 8. CarolinaMount
Lane to Sumter, 8. C
40
105
Contentnea to Wilmlnirton
40
138 Other lines
Florence, S. ('., to Bobbins
Trackage
43
Sumter to Columbia
29
Wilmington. R\C.,to8anford.ll6 Robbins to Augusta, Ga., etc.
mond
N.
—
—
.
.
Jesup.Ga.to Montgomery, Ala353
Brunswick, <;»., to Albany
160
DopontJot. to Inverness, Fla. .247
Total In earnings
Palatka, Fla., to Brooksville
l
i
i
.3,960
Controlled, operated sepa-
irsburg, Fla. 153
lately
% Louisville &N:«8hvllle
& West.Caro....
4,916
340
61
Northwest* n KR.of s. Car.
Also own- one sixth interest in the Riclunond-Washin-ton Co. and
Atlanta (Ua.) Belt Line Co., 5^ miles. Leases,
one-half Interest In
Jointly with the Louisville A Nashville rk.. the Georgia RR., which
operates and controls 026 miles. The acquisition In 1902 of a majority
-t
in tlir Louisville A- Nashville brought 4,916 miles of additional roa.l under the control of the Atlantic Coast Line.
Organization— .Originally the AtlantieCoast Line of Va. (change of
naniebeluK authorised in Jan., 1900); In April, 1900, absorbed by
Bartow
to
Punta (iorda. Fla.. 73
«i
Charleston
1,
p. 840, 893) the following allied propWeldon RR., South Eastern RR., Atlantic Const
Wilmington
dlroads of South Carolina and Virginia Norfolk A Carolina RR.
The Florida Southern and sanfoid d st. l'ctcr.-burg w ei e merged in Apr..
1,241,000 Fla.8o.4s and $775,000 Sanlord A St. Pi tersborg 4s being flfered the privilege of exchange for uo p. <• In Atlantic
consol. «s, V. 16, p. 918, 971. The Atlantic.Coast Line t'o.
(of conn.) owns a majority or the stock. See that company above.
V. 70, p. 893; V. 71, p. 1116. 1310.
'i in- savannah
lor. A Western By., whiohownedand controlled 2,234
a a- merged July 1, 1902.
These lines formed the old Plantsystem. V. 74, p. 774,829.
In Oct., 1902, acquired P80.600.000 of the $60,000,000 Louisville A
Nashville BR, itocS for 810,000.000 rash,$3.i,()()(),000 in 4 percent 5()
ilat. tru-t bonds
$5,000,000 stock. V. 76, p. 733, 792, 1.05.
Stock.— Atlantic (oa-t Line rr. of Va., class A, tax-exempt stock
was assumed as so much of the common slock of the new company.
he consolidation with lie S. 1". A W. in 1909 the common stock
.I from 815,890,200 to 828,150,000.
(See above.)
in Nov., 1902, tin- authorised common stock was inoi eased by $15,ooo.ood. "f the Den »iocs *5,OO0,OOO was given in part payment of
illtog lntrrest In the Louisville A- Nashville stock. $>. 500,000
additional being subscribed for as part of th<
8126 per share. This r'.u^i - the amounl outstanding to $36,650,000.
consolidation (per plan V. 70,
erties:
.V-
<
i
Ud
t
:
.
The preferred st
in
-
1902 mostly exchanged for
indebtedness. V. 75, p
r cent in 4 per oei
Ui vi !> Ni'S. Dividends onprel paid Nov*. 1900, to May, 1908, both
On common, including olass
Inciii^'
10, 1901; July. l«an o.i In 190
"A" stock, i;
i
lis
j,
A
,
to May,
urt a
Bokds,
820,000 per n He)
Lll
i
J.).
On
Indebt-
i
I
U< n
on about
norlzed, Limited to
road and a
|
under
bonds
02,000
us,
equii
aiq.li.
15,0(
•
OOOAtLCo
lOWUmlngto
m
able to the retirement
Indebtedness and
i
-
&
;
1901
2.. $S, 549,526
$61,628
$3,810,539
81,505,452
$2,^76,713
1900-1.. 7,915,098
3,270,269
62,916
1,567,527
1,765.658
From surplus as above In 1901 were paid dividends on preferred
(5 p. o.) $942,500 and on common (3>s p. o.) $556,157, leaving balance
surplus for year $778,056.
Officers.— Chairman of Board. Henry Walters; President, R. G.
Erwln; 1st Vice- Fres., Alexander H million; 2d Vice I'res., C. S. Gadsden; 3d Vice Pres., T. M. Emerson; 4th Vice-Fres and Gen. Man., J R,
Kenly; Sec, Herbert L. Borden; Treas., James F. Tost (V. 75, p. 1308;
V. 76, p. 47, 100, 209,210, 841,593,704.918,971.)
Atlantic &: Danville Ky.— (See Map Southern Ry.)— West Norfolk, to Danville, Va., 203 miles, three branches, 22 miles; James River
Junction to Claremont (3 feet gauge) 50 miles; total, 275 miles. Leased
to Southern Ry. from Sept. 1, 1S09, to July 1, 1949, tor taxes, repairs,
maintenance and cash rental sufficient to cover Interest charges, with
privilege of renewals for terms of 99 years. In addition the Southern
Ky. agrees to pay the same rate of dividends on the common stock as
may at any time be paid on Its own common stock. V. 71, p. 447.
8tock.— Common, $2,180,800; pref., 30,992 shares, par originally
iale of
$100, but reduced 60 per cent by payment from p
bonds, viz 40 per cent In 1900 and 20 p. o In Nov., 1901; further payments to be made latter part of 1904 and 1909, when It will be entirely
oanceled. See V. 71, p. 181. 862; V. 73. p. 722, 956.
Bonds.—Of the $4,425,000 fours of 1 900 $.">oo,ooo can lie issued only
for improvements upon request of Southern Ky. Of the $1,525,000
second 48, none can be Issued until July 1, 1904 and $750 ooo not
until July 1, 1909.- (V. 74, p. 774.)
Atlantic A GulfMiort Line. -See V. 73, p. 615; V. 76. p. 1354.
Atlantic A: Lake superior Ky.— In July, 1902, operated Metanedla. Que., to West Paspehlao. 98 miles; ownedSt-Gregoire bo Nioolet,
7 m.; St. Franolsto Yamaska. t> m.: Vamaskato Sorel, 10 m.; Lachute
to St. Andrews, 7 m.; total, 128 miles. Was under construction. West
Paspebiao to end of wharf, 4 in.; Paspehlao June, to Port Daniel, 21 m.;
Plerrevllle to Nlcolet, 15m.; st. Gregolre to Chaudiere June.,
During year 1901-2 road was operated hv trustee for bondholders.
Stock authorized. $10,000,000; par, $100; Issued, $2,602,500. Bonds
For year ending June 30, 1902, gross,
outstanding, JJ500.000, 4s
President, n«n J. R. Thlbaudeau
$43,405; def. under oper., $1,865
Sec. Edgar N. Armstrong, Montreal.— (V. 68, p. 329; V. 70, p. 1 148.)
Atlantic A: Norili Carolina It It.— Morehead (Itv to Goldsboro.
N. O., 95 miles. State of N. O.owns $1,266,500. 81.797.200 stock.
,
J2220
Dl V lUBH UB.— \
Peroent.
".»2.
''.»;{.
'91.
1*95.
22
1S97. 1898. 1899. Since,
2
gross. $257,033; net,
9; bal., sur-
lS'.Ki.
2
Kaksinos.— For year ending June 30, 1902.
J. int. and tax es, $27,443
unprovemei
;
plus,
89,985.—(V. 68.
p. 472.)
Atlantic VaidoNta A Western itv.— 8old in 1909 to Georgia
Bouthern d Florida Ky. V. 75. p 980. Year 101-02, groi
Au^iiMta A Savannali It It.— Milieu to Augusta, Ga., 68 miles.
i
ip.
r.
on stork. — V. 61,
to Sand.
dnjEUata Southern lilt.— Owns from Augusta
in.
and Sandersx Hie A Tennllle BR., in
p.
239.
>
oiithern Ky.
In Jan., 1901, aoqulred aboul four tilths of the stook, and so oontrou,
although the lease was annulled April 25, 1901, V. 73. p. 843
Com*
in. ui stook, $400,000; pref., 8350.000; par, $100
Year ending .1
1902,
'
,
I
gross,
i
1,864;
total
deductions,
were
rtf s.
6 and 7
A NortatWeetera It It.—See Houston ATexas Centr'l Ry.
Iron OtaSMO A 'It. 'lorrlK Itlt. — Mt Morris to Avon, N. Y
A
of
pi
of the
tcrtlllcatcs of Indobtedn.
M.d.ii,,.
holders of which bad In July, 1902, consented to exchange foi the
onds) and 810,638,000 to the purchase >>f the 812/00.000
a, \\
1 I
0,000 Brans, a West and churl. A
prel
Bar. Income bond- (abOUl 95 p. C. Oi latter acquired). V. 75, p. 70.
,
mo.s. ) 1902-3.Gross,$17 877.04 i; net, $6, '291,759
1 to Miy31.
15,957,1 -i6; net, 5,369,861
S 1901-2.Gross,
8av. Fla.
West, earnings are Included in both ye;t
For 6 iiios. ending Dec. 31, 1902, net, $3,244,638; other income
$257,500; int. on bonds, etc.. 81,762,512; int. on certs, of indebtedness,
etc., $546,129; bal., sur., $1,193,192.
Report.— For the year ending June 30, 1902. the earnings of the
properties consolidated were: Gross, $16,8(>8,995 net, $6,407,083;
other income, $229,519; taxes, $64 <, 847; Interest, $2,450,616; dividends, $1,862,169; other payments, $69,005; bal., surplus. $1,605,965.
Report for year ending June 30,1902 (not Including Plant system),
was In V. 7 6, p. 209:
oto8«
Other
Net
Interest,
Balance,
earnings.
earning*.
income.
taxes, etc
surplus.
July
lmpro\
-nt
ere used U
Sav. t
Latest Earns.— 11
The
In L895, re-leased to Cell, of (ieorgla at
I
tO the
l\tni:
As to the $3^,000.000 collateral trust 4s of 1902 see "Organization"
above. Tuey are subject to call at lOi in amounts not less than $100.000. Car trusts $140,000, due $10,000 quar., LVo. 1903, to Deo, 1906.
ii
-it
ii
,
18 miles. Leased to Eri<
26, 1896, in perpetuity at 2"« p. o.
on stock for 4 > ears from an 1. 1896,8 p. e. fori year more and 3*1
p.r. thereafter.— (See V. 63, p. 512; V. 89, i>. :iH, 589.)
Ba«le Valley int.— owns from Vail Station, Pa., to Look
haven. Pa., ">1 miles; branches to Sugar Camp, etc, 42 miles,
toPenn. BB. Ob. tor 99 years from Deo. 7. is(m. Rental, 4o
Bental 1902, $3 28,091; other Income,
l>«r rent of gross earnings.
.
hum
I
July,
1908.J
RAILROAD STOCKS AND BONDS.
13
SUPPLEMENT
LNVESSTOKW
14
——
RAILROADS.
[Vol.
INTEREST OR DIVIDENDS.
„..
LXXVII.
Bonds— Pnnoi-
Miles Date Size, or Amount
pal.When Due.
Rate
When Where Payable, and by Stocks— Last
of
Tor explanation of column headings, Ac, see notes
Outstanding
Road. Bonds Value.
Per cent. Payable
Whom.
on first page of tables.
Dividend.
|
!
'
tialtimorc
<£
— (Concluded) —
Ohio
Pittsu. Jcnc. A Mm. D
Oent.O..$2,500.O00.con.lst M.tlst I'm g.TIeBa.e
Sand. Mans. A Newark, $2,800,000, 1st M.l u.e*
Plttsb. June., 1st mort.. $1,400,000, gold.:*le..o*
c*
2d mortgage, $300,000, gold. Tie
?l e
Pitta. Jo. Ter. 1st M., $500,000. g., go. v -v
Bonds I'siikkiyim; PriTSB'g LAKE ERIE *
ev. Lor. * Wheel, eons. M. <now i.-t) g.r»m.o*
General mort., $1,000,000, told, red lo">. v.e
Con.ref. M ,910,000,0) O.g., r.'d. atl02i«.Ool.e'
Otor.Term.A VaLlsl M., it., gu., rod. par.HIe-o*£r
Monont. River RK., 1-t M., g., gu. B. A().<
Ohio* Little Kanawha By., 1st M 9250,000, g
Ohio River. 1-1 mort ($2,000,000), gold FP..0*
Oen. M. (93,000,000), gold, 1st on 39 miles e*
Rav.8p.A<; lstM., $400,0< o, g.,gu. p..ti.FPc*
Huntington* Blg8. 1st M. ($lo(),00o), g., gu o"
Klpiev A Mill I'r'K 1st M..g., TO. O.A L.ond.f.' r
Plttsb. 1"' ATol.lsl M. .:-..< ailed 1 _'.") Fell. L.'O.'i
e"
Plttsb. Palnesv. A Falrpon Lot M., g
1st tnort., ext. In told
Pitt-l>. N. v. castle A 1.. E
Plttsii. A- w «t.. 1st (cons.)M 910,000,000, g. .0"
BUwood simrt Lino, 1 nt M., gold, 9300.000... ••
W. Va. a P., 1st M. g,5s,8oaled; red. par. MoBa.c*
rn b.
Leased Lines,
RK., 1st M., told, tn ar..He Ha. c.tr
Bait. A N.
Mod. Kiv. Coal M.. $1,500,000, g., s. f red. at par
Sohuvl. K. i:. 8 RR. 1st M., g„ red. (text) I'fP..
8. I. Rap. Tr.,lst M„ $1,000,000. 11., $ or fi.Ua.0'
c*
2d mortgage, told, tuar., $2,500,000. S
0*
8. 1. Ry., 1st mort., $1,000,000, told. .tie
Bonds DiroKKLYnra
3*3 8
tV.
137
116
7
....
1886 $1,000
1869
1,000
1882
1,000
1894
1,000
t
Wkst V
77
68
"75
32
80
109
209
33
1
].
11
18
<
30
210
.
•
I
1886
92
102
1
,
"i
ROI NIA 48.
1S03
1,000
1896
1,000
1900
1,000
1895
1,000
1,000
1889
1900
1,000
1886
1,000
1*87
1.000
1 S00
1,000
1,000
18S8
1,000
1882
1,000
3
159
5
g-
A.
A
A
A
A
A
5 g.
5 g.
4^3 g.
4 g.
5 g.
5 g.
5 g.
5 g.
8 g.
A.
A
7
6
g.
5**
"ii
11
11
13
8.
.1.
J.
J.
Co.'sOfflee^WallSt.N.Y
Sept. 1,
do
do
Jan.
N.Y.,N.CltyBk. a Pitta. July
do
do
July
O.
Pittaburg.
O.
New York.
,
Oct.
1,
1,
1,
1,
1930
1909
1922
1922
1907
1
5,000,000
'.ooo
050,000
5.491,000
700,000
3,000
•
2.041,000
876,000
303.O00
50,000
ls7*
a
6
1889
1895
1886
1883
1899
1893
!
1,
1,
N.Y., J.P.Morgan « Co.
Bait. .Am. Rond'g A Tr.
Phila.. 508 Walnut St.
N. Y. f root Whitehall St.
May
1,
1939
A
A
J.
A
A. N. Y. Central Trust Co.
N. Y., Knlckb. Trust Co.
I).
N. Y., Cent'l Trust Co.
June
A
o.
Apr.
A.
F.
J.
t.
g.
A
A
A. A
g.
1
g.
J.
J.
J.
do
June
do
Jan.
N. N.Y..OA. B.AO.,2 Wall. Nov.
I).
A.
.J.
().
5 *• M.
5 g. J.
5 g. J.
6 g. A.
4 g. J.
4^t. J.
A J.
A
A J.
A A
A O.
A N.
A D.
A D.
A O.
A J.
A D.
4g-
A
F.
A.
*e-
924.000
4.50O.000
xl, 000,000
2,500,000
511,000
Jan.
Apr.
F.
4 g.
5 g.
X350.0O0
1,000
1,000
1,000
1,000
1,000
1,000
Citv.
Co.'80flice,'2\VallSt.N.Y
M.
5
60,000
83,000
3 026,000
3l 0.000
4,000,000
1938
1936
1930
1995
1919
1950
1936
1937
1920
1922
1908
1922
1916
1917
1917
1922
1990
A
6g.
520,(Hi(»
1,000
100 &o.
1,000
1,000
1,000
1887
1892
1890
i.OOO
Oot
J.
1
.
,
I>.
do
do
do
do
New York
or Phlla.
Phila., K.W.Clark
Co.
N. Y., Cent. Trust Co.
&
Feb.
Moh.
Aug.
July
Aug.
Oct
July
June
Morgan &Co. July
Allegheny, Pa.lstN.Bk.
N. V... LP.
New York
do
do
New York
1,
1.
1,
1,
1,
1,
1,
1,
1,
l,
Deo. 1, 194S
Deo. 1, 1935
Jan. 1, 1913
July 1, 1904
June
City.
1,
1,
1,
1,
1,
1,
1943
a
o. Equipment Obligations—
Real estate, car trust-, etc., Aug. 31, 1002
Car trusts, told, $1,00 ..ooo due annually. 8... .0*
See PHILA. \Tasiiis(-,ton..
Halt i m <rc dt Potomae
Bangor rf Aroos 1st M.. ($16,000 p. in.) g.G....C
B.
—
mortgage, gold. Turn
x Largely owned by or for Baltimore
2
5g.
J.
J.
J.
4*9 g. M.
$1,009,000
638,000
•959,000
•270,000
•194.000
1,833,173
8,000,000
1901
1.000
LTIMO RE.
211
1893
3,360,000
1,000
211 1895
1.000
152.000
Bala nee of ontstan ding amount
A Ba
1
Ohio.
*
Baltimore A: AiinapollH Sliort Line IIR.— Owns road from
Cliffords to Annapolis, Md., 22 miles. In 1897 acquired control of
Annapolis Washington A Baltimore RR. Co., owulng 3,575 out of 3,580
shares of Its stock, all pledged under the mortgage, which was sold
In Deo.. 1902, to the Wellington Baltimore A Annap. Electric Ry.
7, in".
The (334,000 bonds have been called for payment on
June 1,1903. V. 75, p. 1301. Common stock issued, $358,000; there
also #5oo,o00 of preferred stock authorized
Is
1900.
1901.
1902.
190*.
1899.
Dividends- ? 1898.
7**
7
6
6
5
6
Percent
S
For rear to June 30. 1902. gross, $105,109; net, $34,874; other Inc.,
ii;
Interest on bonds #16,700; taxes. $4,506; dividends. 7*2 p. c,
926 850; surplus for year. $15,458 -(V. 75, p. 1301; V. 76, p 800.)
Baltimore Chenapeake A Atlantic By.— Owns
Claiborne to
Cltj, Md., 87 miles; branch, 1 mile; total, 88 miles; from Claitransfer Is made by water; steamer lines
borne to Baltimore, 42 miles,
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. RR. and allied lines. V. 69, p. 541, 590. A reor.
Eastern Shore, sold Aug. 29, 1894 (V. 59, p. 371),
gamzatlon of Bait.
Pref. stock, $1,500,000 5 p. c. cumulative; common, $1,000,000
etc
In 1901-2, gross, $777,806; net, $202,672; other lnc, $3,677;
interest, $62,500; extraordinary expenditures,
taxes, $11,008;
9112,205; balance, sur., $10,970.— (V. 71, p. 1 1 64.)
(BB. and By.)—The Railroad exBaltimore A
tends from State Line, Md., to Waynesboro, Pa., 4-55 miles; stock
976,700 In 950 shares. The Railway extends from Bdgemont, Md., to
State Ln e, Pa, 8 miles: stock, $12, 500 In 9100 shares. Uotu are leased
item Maryland RR for 50 years from July 1, 1879, with privlegeof renewal or purchase; rental, Interest on bonds.
BB.— Waynes-
York.
to the mortgages, the following lines:
Olhrr Lint*—
ATOm.
W.
Virginia* Pittsburg
176
Pittsburg A Western
I'limtiiirg Dm-i. n (east "f Pitta.). .881
343
iM.nliehi River Kit
M
81
U. ft.— (670 mile*)
Baltimore to riillielclpliia and hrsllH ('lev. Terminal A Vniley
76
:«B Cleveland Lorain A Wheeling Uy.
Chicago, 111., to Akron o
Wheeling to Cleveluticl.etc
1192
Brandies to Fa'nnont, W. Va.etc. 08
Ohio Kivei- Kit. Lines.
south ii l>" V*
IMS
lien woo, lo Wi
().. vIiiCiik -In. loSt. I...I-I,
ling, etc
1270
C«HI DtlMjifliM
We»i Virginia Short Line BB
68
Pit'*. June. 8it» M
T4
Bellalre to vtidlmni Cltv, o
(
8_. Ohio * Little Km nil wlm Kit
i)
i
i
.
1,
l'.ml
The Ohio
<V
Little
Kanawha, 80m., and
t
lerbllt
-
••
101.
1943
1945
B.
AO.
common. $I9.9()0; preferred, none
(5) Pittetmrp Lak<- Krtr ,t Weet Virginia Byetem mortgage refunding
peroent gold bonds (authorised amounl fTS.OOO.OOO) are a Men on
1. (>:t:i miles, consisting of the Ohio River, Oleve, Lorain A Wheeling,
Pittaburg A Western, etc.. forming a dlreol connection with Pittsburg,
Cleveland. Kairpoi't, Lor.iln and Sandusky. Sllldeol to underlying
bonds outstanding thereon (see table above). In Jan., 1902, 921,845,
050 additional underlying bonds, including 97,635.050 Pittsburg Junoiion.v Middle Division 3%s, were held iii irusi as pari security, of
the total issue <>r bonds 920,000.000 were sold In Feb.. 1902, $4<
000 were held to retire underlying bonds outstanding (of which $12,'are tsHuahie
425,000 are subjeol to oall) and the remaining
for additions and Improvements, see tuii statement, v. 74, p 969.
1
History.
•
1.
Jet.
Pitts.
ilred Nov., 1901. V. 73. n. 1 203. 1356.
Receiver- were appointed in February, 1896, but on July
road proper was returned to the oompany, the reorganlsa
BUmmated without
\1on plan On V. 60, p. IS86,) having been
and the road vastly Improved in physloal condition.
Izatlon of the B. a O. Southwest, was effected and new
aed In Sept, 1899, per plan ln V. 67, i>. 888, the oonsoL
ige of \»'X\ having been foreclosed, and the road virtually
merged.— V. 71, p. 1818. in January, 1900. new teourttle* wen
onder the plan ol reorganisation of the Cent. Ohio and other
9,1109,1206.1356. On Oct. 9, 1901, the Pittsburg 4
lines.
(.'>> below.
,i foreolosm
m
ri.uhni; Oompaht. in 1901 over 900,000.000 (virtual oontrel) of
tbe $140,000,000 Reading Co. stock, consisting largely of preferred
lock, was acquired, tbe Lake Shore* Michigan Southern Ry. Oo, (Van-
1,
f,ake
J
Kit
7 Toui of nil fiirtdlng Baltimore
Bait and other Unas)
4,«40
In 1901 acquired majority of stock or Cleveland Lorain & Wheeling
Rv (V. 72, Ji, 180). Ohio River RB. fV. 78, p. HI) ami entire stork 01
ort Line rr (V.78, p. 285),ln all 522 miles of road, and
began o|ieratlng theni, the fj. L. A W. from Feb. 1, 1«»<C2, and the latter
two from Aug.
Jan.
July
hand column areow ned by
7,635,050 additional being pledged as part collateral for the Pitta.
Krle A West Va. System is.
Note.—The underlying bonds still outstanding In July, 1902. are In
The underlying stocks still In the hands of the public
•.able above
were: Central Ohio common stock. $13,578; preferred, $1,000; Pitts
i
-
AWc
eft
ro^oa.noo
Of which in partial exchange lor old bonds
Sold to a syndicate ror cash requirements
4,000.000
Balance for contingencies
431,000
bonds $0,175,480 are outstanding in the hands of the public.
Of these
.
Kandusky.O
1
'
The system embraces, subject
.
n first
'
i
i
1
To Deo. 31,*10
mam
boro to Bhlppensburg Pa., 26-52 miles. Leased to Western Maryland
RK. for 50 yearsfrum July 1, 1881, with privilege of renewal for intereet on bonds anddlvld. on stock, amounting in all to $42,730. See
Year ending Sept. 30, 1000, gross
table above and V. 75, p. 605
earnings. 9301,096, agalnsl 9269,695 in 1898-9; net (over taxes),
$168,007, agalnsl 9134.548.— (V. 75, p. 665.)
Baltimore A Harrlsburg BB.— Emory Grove, Md., to Orrtanna, Ka., 59 miles, with branohes, 7 mil»s, total, 66 miles. Leases
Halt. a Barrlsburg By., Western extension, Orrtanna to Highfield, 15
guaranteeing lnteresl on lis bonds Leased to Western Maryland
RR. for 50 v< ars from Oct. 25, 1 «"(!; rental, Interest on bonds. Stock,
common. $690,000; prer.. $29,100. Year ending Sent. 30, 1000, suri, p. 812.)
plus over charges, 958,997.- (v.
Baltimore 4c Ohio BB.— f.svr Map).— Road.—Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being in July,
1902, 3,233 miles. The " Royal Blue Line" (see Central RR. of N. J.)
New
St.
traok, and 964 miles or second, third and fourth tracks and sidand also all the equipment now owned of the value of upwards of
•20,000,000, or hereafter acquired. Total auihorlred, $75,000,000, of
vhich $5,000,000 to be issued only after Jan. 1, 1902 (at not exceeding
<fl,000,000 a year) for the enlargment, betterment or extension of the
properties oovered. See application to list, V. 60, p. 30.
(2) Fimt Mortgage 4 per cint Gold Bonds, Due July 1 1048, but sublect
;o oall, ln whole or in part, after July 1, 1923, at 105; a first lien on
jhe Philadelphia, Chicago and Akron divisions and branohes and the
tcairmont Morgantown A Pittsburg RR., covering about 570 miles of
Irst traok and about 332 miles of seoond, third and fourth tracks and
sidings: also on the B. A O. Terminal property and the Baltimore Belt
RR. They are also a lien sublect to prior lien mortgage upon
dne, etc. See application to list, V. 69, p. 30.
Cotal authorized issue in no case to exceed
$165,000,000
Of which to retire prior lien bonds in 1925
7s,ooo,ooo
For the enlargement, betterment or extension of the
properties covered by mortgages (1) and (2), or for
extensions, additions or equipment, at not exoeedlng
$1,500,000 a year for the first four years and at not
exoeedlng $1,000,000 a year thereafter, originally
37,000.000
3) Southwestern DvHeion ret Mortgage 3^ per oenta,
virtually a first lien upon the properties constituting the B. <fe O. Southwestern RR. system, or the
securities representing the same, covering about 9^1
miles of tlrst traok and about 305 ^ miles of seoond
traok and sidings. Total issue
$45,000,000
Of which Issuable only at the rate of not exceeding
$1,000,000 per year for the enlargement, betterment
or extension of properties oovered, original v
f,ooojooo
Ex(4) li. <£ O. I'itls. Jun. 4 Mid. Dir. 3tfl per cents.
oeoted to be ultimately a first lien upon the railroads of the
Cen. >. system and Pitts. Juno. RR. Co., 385 miles ln all—
total authorized Issue in no oase to exceed
$20,000,000
Of which to be Issued only at the rate of not exceeding
$1,000,000 per year for the first two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the mortgage.
s&oojooa
Cumberland
be road access to
do
do
g.
shown
York, 2 Wall
ings,
A
•
a
New
N. Y., Guar. Trust Co.
Tlrst
Ooean
Baltimore A Cumberland Valley Extension
J.
rSTXVAHIA RR. [HTBBB8T.—The Pennsylvania KR. 'o. purchased
a large Interest in 1000-01 and on Jan. 1, 1003. owned directly 921,480,000 preferred and $30,293,300 common stock; also through the
Northern Central $1. ooo. 000 preferred and 9781,500 common stock,
and through the Pennsylvania Co. at least $5,000,000 preferred stock.
V. 70 p, 70; V. 71. p. 52S.
Stock.— Authorized issues: Common. $125,000,000, see "General
Finances" below.; pref. -l p. o. non-oumula lve, $60,000,000; outs
Ing, see table above and "General Flnanc-w." Pref. stock dividends
(Hee V. 71, p. 1166, »nd edit., p. 1143; V. 72, p.
are limited to 4 p. o.
1186.) Voting trustdlsaolved In Aug., 1901.
Dividends (p. o.)
1900.
1901.
1902.
1903
)
Common
>
2
4
4
4
Preferred.
4
4
4
)
4
Bonds.— (1) Prior Lien 3^%, a first lien on main line and branches.
Parkereburg branch and Pittsburg division, about 1,017 miles of
$14,618; int., taxes, etc, 946,286; dividends (10 p. a), 9140,625; baL,
Pennsylvania RR. Jan. 1,
Rental in 1901,9266.626
BUT., 9155,828.
1903. owned $700,250 stock.— (V. 66, p. 708.)
ITlor
Halt. to WbeeTlna, Belpi
it. t<
5
I
A
J.
5g.
1
I
i
>,
-
The per cent di tn,,l arts of 1901 are cunverllble at the option
the holder into common stock at par on 80 days' notice (see V. 73,
they may be sailed lor payment at par ami Inters
I);
sny Interest day, beginning Mar. 1, 1902, either wholly or partly in
the inverse order ol their numbers. V 78, p. 388; V*. 78, p. 887, 1168;
V. 75, p. 549.
Li \si.ii Links.— Schuylkill River Baal side bonds, stamped [V. 68.
p. 40], and treated as follows: The road Is leased at a rental equlva(«>)
f
I
.
Jii.v
RAILBOAD STOCKS AND DOJ.U&
1903
BAJXBOJ
w„
al „ „
Date SUe.or
Miles „ .
Amount
Par
of
of
For explanation of ooluinn headings, Ac, see notes
out-iaudlng
Road. Bouds Value.
on first page of tables.
Ban. t£ Ar.( (Jon.) — IhI M.
Van Buren Exten. im
Aroostook Nil lHt M., $22
,
mo
>.000, goid.oB.o*
Aroostook Count v bonds (a**um ndl
Car trusts, G, 10-yr. 5s, 1900 (8i e V. 70, p. 893.)
Bangor <r Portland - 1st mortgage, gold
Bath Extension mortgage. gold
... fold
Bathit Ilaminoii.
..
Bocond mortgage, gold <
<t Ellu-, nil
1st mortgage, gold
Beaver
at bj end.)
BeecA Oree/c— Block (k'nuiiiii'
<•
1.
Ciearf.Bllum.enal
Belling*.
BeZf A'Je
Buy <f
dt
K
(end.)
g, go. p.
$
.
»
,
.
i
I
.
.
I
,i
lir
I
!
1951
!,
dually
do
',
g.
g.
irk
Apr
do
1,
1923
1.
1940
150,000
I
5,000,000
1,000
100 Ac
•
77
10,000
10,000
r
35
1891
46
30
30
1900
A-
500.000
710.000
500 000
Feh
.
I
A
do
dn
do
do
do
do
do
In default.
J.
g.
J.
See t.
400,000
5
g.
.1.
A-
J.
•2110,000
5
8
J.
A'
J
M. a
500,000
'
N
1
03,
Halt .Mere Tr. &
Philadelphia, Pa. KK.
.1
A
34
l,(i"
July
Indiana poll
do
4
4
4
Apr.
Ii
6
5
5 In 1903
1.25
1,000
1,000
1.000
1.OO0
1,000
V
N.
g.
6»* In '03
1.
50
r
84
27.">,000
1^S7
1893
do
do
N.V., Knlcki
.1.
1,000
1885
r
in
g.
1
3. Mi'
Ml.Vc
1895
25
4
i.OOO
1
1,000
L901
lsSl
14
Apr. 30, 1911
July
1
03,5%
Sept.
i
Feb.
1.
Jan.
1.
Jan.
Jan.
Jan.
Apr.
1,
:,
1927
1033
1013
kvncisco.
liisvi.Wask.it 01. h'dls Ui .M g
Bloomb'i/J- .s-itt van RJL— 1st M., (400.000.. ..Ft*
2d mortgage! Income, non emu., $206,000. ff
10. .0'
St M., (675,000
Boca J i.oyalti>n
BoontilieSi. L. d South, /,'v-lst M.g $l,0O0.'
.
.
1,000
1.000
1,000
1.000
1,000
11)03
1
11
1881
lent to Interest at 5 p. c. on the existing bonds, hut the new company
has the right to purchase all the .-ichuylkill bonds at lio and
aoorueil Interest at any time after Dee. 1, 1900, and prior to Deo. 1.
If
not *o purchased, the company will
1903, on 30 day* notice
assume the ultimate paymenl ot the principal when due. v. 69, i>. mx;3.
Island Rapid Transit new 4s the Baltimore A Ohio KR.
The Staten
agrees to purchase at par and interest in cash prior to July 1,10.4,
and meantime to guarantee interest thereon at 4 per cent. V. 68,
p. 189, 333, 525; V. 69, p 696.
The West Virginia A Pittsburg (see agreement In V. 67, p. 1310).
has been operated since Sept. 1,1899, under a 99 years' lease, for 4 per
cent on the mortgage, to be appropriated to payment of bond In!
O. having the option for 5 years to purchase the bonds at pat
the B.
and accrued Interest on 80 days' notloe. V. 09, p. 439.
The B. A O. purchased Feb. 1. 1903, at 125 $1,864,000 of the $2.393.000 Pittsburg Cleve. A Toledo bonds. V. 70, p. 632; V. 76, p. 47.
Finances.— Holders of common stock subscribed in May. 1900, to
3,900 oommon stock at (80. In Sept., 1 001, the authorized 00mmon stock was Increased from $45,000,000 to $60,000,000. to provide
for conversion of $15,000,000 debenture 4s Issued In March, 1901, for
Improvements, etc. (V. 72, p. 282. 337), and In Nov., 1901, was further
increased to (lOO.OOO.OOO, In Oct.. 002, $1 I, '202, ooo debentures had
been converted, stockholders in Dec.. '01. subscribed to new common
•took, vis., $'2'2, 537, '20(> at par, chlctly to acquire the stocks deposited
under the Pittsburg Lake Eric A West Va. system mortgage, aud for the
reduction of their debts. V. 73, p. 1159; V. 74, p. 150, 268.
The stockholders in Sept., 1902, subscribed at par to $12, 316,900
additional stock to the extent of 30 per cent of their holdings, 50 per
cent being payable at ouoe and 50 p. 0. on Nov. 24, 1902, raising the
amount outstanding to (124 262,000; of the proceeds $'20,533,000 is
1
&
1
applicable to equipment, (9,829,000 to double-tracking between Newcastle and Akron and miscellaneous construction, and the remaining
$12, 1.*. 4, 000 to acquire stock*, bonds, etc., to be plaoed under the Pittsburg Lake Erie A West Va. S3 stem mortgage. V. 75. p, 549, 9S0.
As to Reading Company stock, see above.
The $10,000,000 equipment bouds of 1901 are due $1,000,000 yearly.
Earn 1 no s— From July 1,11902, to June 30. 1903 (12 months), Including B.
O. Southwestern in both years, were
A
Oriiss, $('.3,449,633; net, $23,978,674
1902-3
dross, 57,8^9,611; net, 20,1901-2
Earnlngs of June, 1902 and 1903, based on 3,887 miles, being entire
system (1,3 10 miles) except
Valley lift. of Virginia. Ravenswood S. .oncer A 'ilenville. Ilinlev A Mill Creek
Valley, Ohio A Little Kanawha, Cleveland I'cnmual A Valley, Cleveland Lorain
5
B
),000
1.000
50
1
Birmingham
Jan.
">
do
I
50
50
i
J>!\ Idi
Tnu
Tru
V. Y., (iuar
N.
S2<
cum ninth o
i
houi.
N.Y.HrownBro* ABos.
1,000
1.000
1,(11
1st mortgage for (1,000,000, currency
Belt Hy.—lHi M.ircd. nft July l, 1903) g. Meiia
Belvidere Delaware -Stock i$4,ooo.OOO)
f guar, by United Co'*,*.!
M>L
mortgage J guar, by United Co'*,*, f.
Issue (600,000 reduced by*, f
of 1875
f
lied 0*.,
$4,000,000 (guar. b\
Birmingham J Atlantic 1-t mort .. f.OO.OOO
rinoi-
Due.
--Last
an.'
do
1.000
42
>oo,000, g.,B.f
\\
(iuar.
800.000
•so-'se
10
10
3
160
160
100
,
- 1 Bt M $
of Indiana
Siock Yartl
«
.
Where payable,
4>*
bj Bta
..'.iui.imio. g
ga.p.d
Hrit. Col.
Preferred stock,
Wtr
4
P*
.
u, "' n
r
5 g.
5 g.
(1,600,000
1*606
359
M.,mt.gu
1st
M
£««<;A Or. ^'xi.- 1st
1901
06 '00
INTER
*****
1,000
1,000
1.00J
151*
coiihoi. refund'g
1st M., g, guar, p. i
2d M. for $1,000,000,
$1,000
77
33
Piso.D. $1, 500,000, g <•
<•
M $5i o.ooo. g
13
A Wheeling.
for year ending June 30, 1902. was In V
75, p. 1114, 1151. (Sec also editorial, p. 1 1 10.) Average rate per ton
per mile, 5-15 mills In 1901-2, against 4 93 mills in 1900-01; average
revenue train-load. 406 tons. again*t 374 In 1900-1.
Advance statement for 1902-3 was in V. 77, p. 141.
1901-2.
1900-1.
Year enditty June 30—
L902-8.
3,887
Miles
3,233
3,221
Freight
($38,575,631 $35,553,872
>
ngers
> (63,449,633-;
9,923,867
9,054.602
Mall, express, etc
2,678,563
2,505,957
(
)
Annual Report.— Report
•
York.
I'hilM).,
when earned.
g.
VY.r.S
\.
A
O.
F.
•loo.OOO
<Si
A. N. V., Aiuor. Ex.
M..V
I
Hank
1,
1930
1928
1928
1,
10 23
1,
Aug 1,1911
t.tte of Maine refunds
Organization.— Organized Feb. 1
VSperoent of all taxes Levied. For organization
p s.V).
The Fish River KR., A-hland, Me., to Fort Kent, 53
Nov., 1902, Is leased, (V. 75, p. 977.) Extension from Katahdln
Iron Works, north to Chesuucook Lake, 50 miles, wa
to tie
in
proposed.
ion, (1,050,000; lO.iOo
stock. -< o
100
Id and
hares. 5% paid; pref., 5%, non-oum., onh standing, in
isked to Issue (500,000 udduioual
July, 1003. authority ws
took to purchase the Fish Blvex RU. v. 77, p
Bonds.— As to gold 5s on Plscat. Division see V. 67, p. 1159; V. 68
Van Buren Extension 5s of 1890, V. 60, p. 952.
p.
84, 828.
Of the consul, refunding gold 4s, $122500,000 were reserved to pay
off the ootsmndlig bonds, lnoludlng those of controlled roads, oar
oni preferred stock, and to acquire such controlled roads, $3,OOO.OOO for improvements over a series of years and $4,500,000 for
\ tensions at $'25,000 per mile lnoludlng equipment.
V. 73, p. 286,
.
7
l,
p.
03.
Latbst Bjionvos.—11 mos.,
1902-3.Gross, $1,619,010; net, $010,4 35
1901-2.Gross, 1,563,481; net, 560,004
for year ending June 30, 1902, In V. 75,
p. 977, showed: Gross, $1,708,93.'; net. $601,774; oharges, $128,801;
lietterments, $118,742; bal., surplus, $54,231. In 1900 1. gross, 81,449.454; net, (536,086.-(V. 74, p. 41, 93, 150; V. 75, p. 905, 97 7.)
May 31.
Anm al Rkport— Retiort
July
1 to
J
\
to Bath. Pa., 29 miles;
A- Portland Ry.— Portland
Jet. to Martin's Creek, 5 m.; other branches, 5 in.; total, 39
Stock, $510,000, all acquired In 1900 by Delaware Lackawanna & Western RR. Bonds, see table Dividend (6 p.c.) paid Jan. 15,
For year ending Dec. 31, 1902,
1901 In 1902, 5 p. c; in 1903, 4 p.
gross, $263, 229;uet, $61,965; Interest and rentals, $45,716; dlv. (4%),
$20,400; baL.def ., +4,151.
Haugor
Nazareth
miles.
;
Hath A HammoiidMpori Kit.—Owns road
from Bath.N.
Y., to
Hammondsport, N. Y., 10 miles. Chartered In 1872. Stock, (100,000;
Earnings.— For year 1902, gross, $31,922; net, $11,285.
Bay of ((it lute Ity.—V. 74, p. 150
par, $100.
lleecli Greek Kit.— < See Map adjoining N. F. Central.)— Road—
Jersey Shore, Pa., to Mahaffey, 113 m; branches, to Phlllpsburg. to mines,
Ac., 47 miles; total, 160 miles; trackage, 33 miles; total, 193 miles.
Lease, Ac— From Ootober 1, 1890, leased to the N. Y. Central A
Hudson River RR. for 999 years at interest on bonds and 4 per cent
on stook, and since May 1, 1899, operated directly as a part of its
Pennsylvania division. V. 68, p. *72. Carries mostly coal and coke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Central's guaranty of prin. and int. See V. 52, p. 570.— (V. 75, p. 1398.)
—(See Map adjoining S'.Y. Central.)
Beech Creek Extenalon
Held, Pa., to Keating. 54-17 miles; Rossi ter to Bosslter Jot., 8*21
Klhattan to Youngdale, 1 24 m.; total, 5862 miles; operated
trom July 1, 1902. A low-grade coal line leased to N. Y Oent.4 Hud
River RR. (whioh owns entire .$-1,500,000 stock) for 999 years from
.May -2-J., 1901, bonds being gu ar't'd, nrin. and int.— (V. 73, p, 1356.)
Helllimliain Kay A Brltlali Columbia It It.— Whatcom to
Maple Falls. Wash., 42 miles; extension under construction from
Kails to nrnells, 7 in; branch ftom Hamilton 8idlng to Lynmiles, and a further extension of over 50 m. also proposed.
ib 11, B
(stock, $1,000,000, all owned Jan., 1902, by New York and San
Cisco purtles. Year ending Deo. 31, 1901, gross, (1 2 ',134; net, $48,000;
taxes, $5,787; lnt.ou bonds (1 mouth), $2,083.— (V. 73, p 1356.)
KK
i
Total gross earnings
Operating expenses
..
$63,449,633
89,670,959
$51,178,061 $47,114,431
32,888,564
31.046,231
Netearnlngs
Other lnoonie (net)
$23,878,674 $18,289,497 (16,068,200
1,50j,0u0
1,984,984
688,429
Total net Income
Interest and rentals
$25. 87J
$20,274,481 $16,756,629
(9,630,662
$rf, 148,512
(8 902,1 6
Taxes
1,2
1,047,033
970,504
v*60 000
Discount, commissions, etc...
1,303,939
448,627
(4)2,400.000
o.OOO (4)2,400,000
Dividends on prof, stock
do
OOmmon stock. .(4)4,970,482
iDl.SOO.OOO
Additions and improvements
2,500,000
2,500,000
i
Balance, surplus
(6.157.&04 x$l ,081,097
x(488,985
xSurvilus differs from that tbown In pamphlet report owing to method of
charging common stock dividend, the above being used for simplicity.
.
Executive Committee.— L. F. Loree, Chairman; J. K. Cowen; 8. M.
Prevost, John /P. Green, Janie« MoCrea and Samuel k,. U Prea., L. F.
Loree; 1st Vice Pres., Oscar O. Murray; Sec, C. W. Woolford; Treas.,
J. V. McNeal. The Pennsylvania RU. is represented on the board by
8. M. Prevost, John P. Green, Samuel Rea and James MoCrea.
Other
;
directors:
John K. Cowen, James Speyer, Kdwanl H. llarrlman Norman B. Ream,
11. Schitl. Charles Steele,
Jamei Stlllman. Edward K. Bacon. Kepre-
Jacib
nentlng State of
N. Y. Offloe, 2
Baltimore
Mil..
I,.
Victor Bnugnnnin. A.
Wall 8t.-V. 76,
dc
p. 47.
(iorman.
I'
101. 330, 971; V. 77, p.
Potomae Kit.-WeePhUa.
Bait.
1
44.
A Wash. RR.
Kansror & ArooMtook RU.— {S»>e at ap)— Oldtown, Me., north
Van Buren, with branches; total 412 miles, viz.:
Lines owned—
Mites.
Miles.
Brownvllle to Caribou and br..205 Aroostook Northern, Caribou
Ashland Jot. to Ashland
43
to Limestone
16
Leased—
Oldtown to Greenville and.B. A
K. Iron Works
95 FlshRlv.RR.Ashl'ndtoFt.Kent 53
erly to
Belt Kallroad
A Mock Yard
of
i
iidlaiiapolla.— Owns 14
miles of belt road, etc. Leased for 999 years to Ind. Union— whioh see.
Divio.— ) Preferred In Common '95. '96. '97. '98to'02.
'03.
Since 1894J full to date, stock p. 0. 5
4»«
5 yrly.
6>s
Pres., 8. E. Rauh, Indianapolis, Ind.— (V. 75, p. 1353.)
Kelt ifnl i\\ii> (<ii Cliititniiooga, Teiui.).—Owns
belt railroad In Chattanooga, Tenn. V 67, p. 72.
HisTORT.— A reorganization
of
25 miles Of
Union Ry. foreclosed June
17, 1895.
Leased till July 1. 1945, to Alabma Great Southern RR.; rental guar
anteed to meet Interest on 1st M. ootids, taxes and maintenance.
Stock Is $300,000, owned by Ala. Creat So. Ry. There are also $24,000 second Income 4s, due 1945, but subject to oall at par July 1, 1903;
coupons paid from Jan., 1901, to July, 1902, InoL.— (V. 63, p. 609.)
it< Ivlderc Delaware KB.— Owns from Trenton, N. J., to Mauunka Chunk, N. J., 67. m.; Flemlngton RR.,Ac, 14 m.; operated cut-oft
1 in.; total operated, 82 miles. I/eased to United Companies, and transferred to Penn. RR. March 7. 1876. Net earnings pala as rental.
Stock.— Authorized, $4,000,000; outstanding Jan., 1003, $1,253,000; par, $50. Dividends: 1897 to 1903, both Inclusive, 5 p. 0. yearly.
Bonds.— All of the outstanding bonis are secured by the consul,
mortgage of 1875 for $4,000,000; sinking fund p.r cent of outstanding bonds if earned. The issues of 1885, lss7 and 1903 are guaranteed by the United New Jeisey RR. A Canal Co.
Form of guaranty,
1
V. 76, p. 918.
Earnings.— In 1902, gross, $1,121,127 m
i., sur.,
taxes, etc., $145,208; Btifk. fund and other ohn'
(18,044; div. (5 p. c), paid out of surplu
In 1901, gross, $l,306,56o, net, $412,0^6.— (V. 76, p. 47,
$62,650.
;
.
593,918.)
Bennington A Butland By.— See
Rutland RR.— (V. 70,
p. 685.)
SUPPLEMENT.
INVESTORS'
16
Vot.
I
TXXVIf.
/
/
/
_..roostook
Mtnrtn—
'_
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A£ H LAN D»Jp or Fairf.eld'
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P&t^ftfllrS
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°/
Wil^il:.]^/ '"/
Mil
>
V
*'rass
o
MAP OF THE
BANGOR
&
AROOSTOOK
UAlLKOAl) AM) CONNECTIONS.
>
July,
RAILROAD STOCK-
1903. J
RAILROADS.
*UleK
For explanation of column headings,
on lirst page of ti
Boston
<£
Bonds
Bonds
it.
p. A-
0'..
do
do
do
do
a
for
1893
1895
1896
rental guai
99 years.
OB
1900
1,000) not mort.)
10. 8
Eastern RR.cert8.oflndebt.lBl M.. g..s.f.,notdru o
Portsmouth Great hulls A Conway 1st mort
o
central Massachusetts, Lai M, i it. tssumed
Charlestown land mortgag
)tes
Port. & Koch. Terminal bonda (no mort.) ass'd.o
Bo»/o?i & Pro*.—Stock, 10 p. c. guar. 99 yrs., Old toL
Bonds, not mortgage
o"
Boston Revere J:*
ik
New 1st mortgage, $1, 000,000, gOldSB
e\tr
Boston Wtnthrop 4 Shore 1st mort assumed lit
Boston Terminal Oo. lat mort., euirencv.oit.cAr
Brad. Bord,
Kineua— 1st M.. $800,000, g "M i>
Brooklyn it Roekaway Beach.— istM.,$350,000,g.o*
Brwe Mines <* At.- lstM.8250,0 O.gu.p.Al.red.text
(
111
73
99
.<"
Q.-J.
tonic
1876
1-77
1886
1,000
;i,i
27
3>«
—West
Btockbrldge, Mass., to Connecticut State
21 miles. Road opened L842. Leased April l, 1S93. for 99 years
V. N. H. A- EL RR. for expenses, taxes and
p. 0. on stock, paid
15 at Housatonia Nat. Bk., Btockbrldge, Mass. Lease to Housa
RR. Bnapended hut not canceled, stock, $000,000.
KB.—
A.
<k
A
do
do
do
a, at
.
otnoe.
)
.
d<i
.
do
4
1,91
10,000
l.OOO
.
do
do
do
do
do
1
4>« g.
3 g.
6,0*'
M.
1,000,000
1,000,000
9,110,94]
A
do
do
N.
ili)
do
4>«
5
Li
1
A
J.
a.
Q.
A
0.
.1.
4
4
10
A-
J.
L908
.1.
4>sg.
In
.1.
1
.1.
.1
J.
11.
5
1.000,000
g.
1
M. A N
320,000
J.
A-
I).
l'.)44
1,
!
1
Bept
June
1
1,
1937
1
1,
1006
1
Julv 1,
Julv 1, 1919
ton.
Julv I/03, 1%
state Bt.Tr. Oo. Julv 15, 1927
:'l Bk.
Sept. 1, 1006
'1
Bostoi
.1 i:k.
Apr.. 'o2,lnt. la-i
In defaults' no- N
N. v., Knlokerb. Tr. Co.
3»«
:
1.
Oct.
Sept.
Oct.
Boston Otllco A
do
do
Boston Term., root
do
do
j.
i
A
Aug.
Jan.
July
Nov.
Jan.
i.und., Barli
m, at offloe.
g.
2.OOO.000
594,800
13,500
4,000,000
2,170.000
850,000 2
1
do
do
do
do
do
A J.
A O
4
'88-'93
1,000
100
1897 1000 Ac.
1,000
1886
1897 1,0006c
1892
500
1.000
1891
1902
J.
-.o70
500
100
68
P.
414,000
1.000
Var.
\ :ir.
—
It It.
4
4
4
4
1,000,000
1,000
1,000
1,000
I ,v Jd
1901
Various
4
3,67
1.0O0
1,000
loo
100
•85-'87
1.OO0
l.OOO
1887
lOOOAc.
1,000
,
Line,
to N.
3*
l.OOO
A Maine
scrip.
do
1 .01
1883
L885 8
.common and
rk-liln
Q.-M
|100
1901
Preferred stock, 6 per oent, n.>n cumulative. on.
[mproTem'1 bonds, s. f., not mort. or sui>
Irniiro \ cin't bonds, b. f., not mort. or subj. to oall
Bonds (not mortgage) for Imp. a ret
Bonds, ni
gold
ctr
Bou.ls, $5,454,000, g., secured by Fltchb. stock..
[mpro\ din nt bonds, not mort. ,$1,000,000
It<
1,000
1897-8
'99'01
.1'
Boi:
Amount
Par
o
I
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
Boston A
17
Value.
394
author:
1
.00,000
Bonds, 92,500,000, currency
Boston dt Lowell 8 took..
Bonds, not tnoi
Bomls,
Bonds,
do
Boston
of
of
1902
Albany—Stock ($30,000,000
(not mo'
(not m<>!
1
Uonds
&o., see notes
AN J) BONDS.
F.b.
Mm
1,
1947
1942
1,
June
1931
1.
83 m. (and subsidiary lines 90 m.); Stony Brook
RR., 13 m.; Wilton RR.. 15 m. leases mostly assumed by Boat. A- Maine.
a Leased In lss7 for 09 years to the
.17 IVT
oent per annum on stock till Jan. 1, 1897, and 8 per cent thereafter.
-Mock authorized. $6,599,400. The debentures
B vm> BONDS.
of April, 1895.
were described on pa^
ItOMlon Sc tlalne It It. — Road— The system with Its many branch
lines covers the territory from Boston, Mass., to Portland.
(two divisions), Springtlel.l, Mass., Sherhrooke, Oam, Rotterd
and Troy, N. Y., Woroester. Mass., to Portland. Me., and all important places In Now Hampshire:
fl Bee this company.
Lines owned.
Miles.
Line* leased— Voncl.)
Miles
Bo8ton,Mas8.,toPortland,Me.
Pltohburg
TI458
W. Dlv
115
'Well
flX5
Boston to Portland, E. Div.. 108 Worcester Nashua * Roeh... 1J94
Conway June., Me., to North
Connecticut River RR
flso
Conway, N. H
73 Other
72
Portsmouth Elec. Ry.
18 Trackage rights
9
Portland, Me., to Rochester,
Total operated July !• 1902.. 2,266
N. H
54
2d track (3rd A 4th tr. 10).. 513
Mi.
rn
X.
II.,
,
I
Itetoeiiier A- Lake Brie
Leases Pittsburg Bean BUZ A\
Erie RR., Bessemer, near Pittsburg, I'a., to Oonneaut Harbor,
Erie, etc., with branches, a total of 208 mllea, for 999
from Apr. 1, 1901. y. 72, p i:>7. Authorised to operate a railroad
from a point of connection won the 1'itts. lies. A- Lake E ;it 01
Kremis station, i'a., to u point >>u the Jamestown A Franklin RR.,
near 11.
I'a.;
has 10 miles under construction. Stock,
authorized, $500,000. Controlled by the Carnegie Oo. and so by the
U. 8. Steel Corporation.— (V. 72, p. 137; V. 70, p. 7 49.)
111. inlii-t
A Atlantic
Talladega to Pell City. Ala.. 23
miles; branches, Rogaus to ore beds, 9 in., and Furnace to Weislngers,
3m.; total, 35 miles. Stock, $1,000,000, all common; par of shares,
143,292; de£ under oper..
flOO. Year ending June JO, 1902
12; bond Interest not paid. President, Sidney H. March; see. and
Treaa., John Carlsen, 25 Broad St.. N. Y.
nh. Jot, to Northampton, Mass...
Itl»mar< k '.Vn»hhuni A Great I'a IN II y.— Bismarck, N. D.
99 Controls Me. Cent, (which see). 824
Sundry branches
st.Joiinsbury a Lake Champ. 181
to Washburn, 46 m., oompleted Nov., 1901: projected thence to
152
Lines leased.
Falls, Mont, of which l.~> mil, s north rom Washburn was let In Hay,
York Harbor A Beach
11
Stock authorized, f .",00.00 J; outstanding, 8200,000; par or Boston & Lowell
1003.
1T470
Vermont YaL of is7i
24
Concord* Montreal
shares, $100. Of the bonds (authorised laeoe *7,ooo,ooo) $600,000
Sullivan County
11449
26
wore issuable on the tlrst 46
impleted and the balance at
oici. vnization, Ere. -An agreement with ff. T.N. n. .t 11.
regard$12,000 per mile. Year 19O0-01, gross, $27,690;
taxes,
ing division of terrltorv was made In 1S93. V. 56, p.
8468. President, W. D. Washburn, Bismarck, N. D.; Sec. andTreas.,
1. -Of the $23,638,070 stock outstanding
July, 1902, 81
0. C. Crane, Minneapolis. Mlnn.-(V. 70, p. 1248.)
200 was held by trustees as collateral for Kasteru Rl.
Sullivan
Blooiiifebur-;
Owns Bloomsburg to Jamison ednesB. V. 69, p. 129. The stockholders voted on Ool
"ol, 000 additional common* stock a
City, I'a.. 30 mil. s. Stock Is $000,000; par, $50.— V. 66. p. 8<
Year ending June 30, 1902, gross, $70,260; net, $33,3SS; Interest, year bonds for Improvements and equipment, v. 7">, p. dti:>.
taxes, etc.. $30,015; bal., surplus, $3,373..— (V. 66, p. 80, 952.)
DiviDLNDS. < '87 '88 '89 "JO -<.>1 "J2 '98 *84 to Jlv. '09. FromOct.,'99
Bora A: Loyalton Kit.— Owns from Boca, <>n Central Paclllc On coiiuiion. 1 10% 9 9 O^a 9 8 8
6 yearly.
8ee below
Dividends Oct., 1-99, to Oct., 1903, 7 per oent yearly.— V. 69, p. 642.
mainline, norti we.-terly via I.oyaltou to B.ckwith, -10 miles; under
miles additional main line and
miles of branches.
OOnstruotlOn
Bonus.— As to debentarea sen BUFPUUfUH of April, 1895. Under
BtOOk, $1,200,000; par of shares. t1.~>. Bonds cover also Rjlurts Lumthe lease of the Fltohburg RR. the B. & M
ber Co.'s prop' rty comprising
s of pine land-, water-works
fifty year 3 per cent gold bonds to purchase, $ for s, the same amount
etc.; Mercantile rm-t Oo. of San Pranolaoo is morl
of Fltohburg common stock held by the State of Massachusetts and by
sinking fund of $1 per 1000 feet of lumber cut, commencing Oct 1.
persons; v. 70, p. 175.
In 1901 $1,00'
Wl .fe
1903. and of $2 .000 to be paid by the railroad Jan. 1, 1907, and
Bold for permanent Improvements upon various leased lines and inJun
#30,000 each year thereafter, will ret'ie bonds at 110 and I]
loo.; $1,000,000 of a $2,000,000 author!
v. 7t'>, i> ii.)'.
Earnings foi
Lpr. 1.1903:
Railroad,
1111; V. 75, p. 665, 130 L No
e Mar. 31,
.6 000
$101,422; lumber grot
21; total net,
kL guarantees $1,328,000 drat 5s or st. .loim-bury & Lake
or year ending An-.-. L904,
ted combo
Champlain. Also Interest on $274,000 "
:,oe 4s
.91.
lV. 70, p
Jointly with M. Cent, guarantees 8800,000 Pol
Boise \auipa a- Owybee By.—Nampa to Murphy, [daho, 80*45
r.AKMMis.- For m >ntha ending Mar. 31:
In 1901 was extended from Namp
uly, 1899.
mllea,
lilies, eie.
But sur
lea, under charter of Idaho Northern Ry
Co Emm
$1,000,000; par, * 100. In Apr., 1903, no bond
1901 9
>; net,
present" Year ending June 30, 1902, (58 mllea), gi
in. al meet!
ut, W. II. Dewe;, Sec. R. K.
.reen. Nanipa,
Annual report 1901-02 111 V. 75. p. 728, showed results as follows:
Sontiiern By.— Boonvilie to Veraalllee.
St. Loots A:
Ending Juti
1: 01.
1900.
Mo.,
mllea.
Leased t<> M<>. Pao. till July l. UHO, at annual rental of
1
operated June ;;o
mk, 8250,000; i>ar o( si
825,000, 'axes, expen.-i
Passenger department
$1
'.1 IS
Albany Bit.— Owns from Boston, Mass., to Albany, Freight department
1 8
BoMton
IS. I'll
Malls, express, etc
N. Y., 202 miles; numerous branches. 10 1 mil. 1,482,919
3 miles;
total operated. 394 miles. A consolidation of Deoember.l
Total gross earnings
't 31,7
Leased in 1900 for 99 3 ears to the N. Y. Cent A Hud. BJ" RR. for
Net earnings
$9,339,439
guaranteed rental of S per cent per annum on the $25,000,000 stock, Net, includ. other Income
$9,997,444
payable quarterly (Mar. 30, etc. J, organization exp
rest on
1,366,907
1,08*
bonds, taxes, expenses of maintenance, etc. The B. Ax A. iRentals
5.062,922
5,199,234
0,159
for certain property not included in the lease $.">,5OO.O0o in N'. Y.
Taxes
1,65
Cent. 3^ per cent 100-year debentarea, thus adding 77 per cent per
Dividends
1,761,359
..000
annum to 8 percent guaranteed on stock. -1
p. 288.
Sinking fund
V. 69, p. 1061, 1103, 1246; V. TO, p. 71; V. 71, p
-.413
-.017
Bonds of 1901 $2,500,000 were for terminal facilities at Boston, of Balance, surplus
Offl
lent, Lucius Tuttle, P
Which $1,000,000 issued. V. 71, p. 1218; V. 72, p. 44; V. 75, p.
ptroller an
Dividends— Cash dividends at the rate of 8 per cent yearly were eral Auditor. W. J Hobhs. Boston; Treasurer, Herb,
ton; Clerk, w. B. Lawrence, Boston.
paid for many years prior to the lease. Since 1900 B*j per cent, viz.:
2 p. 0. each in Mar. and Sept., 2^ p. 0. In June and 2>4 p. 0. in Deo.
II. While. Ilei.r
M. NV
Earninos (as reported to Sato RR. Commission).— For 9 iiios, ending
way. Krunkbu, N. II.; w
Mar. 31, 1903, gross, $7,530,839; against $7,088,241 !n L901-2; net',
Cochrane, ii>
$2.531, 2*»9. against $2,517,184; other income, $-8^,871; char,-..-.
<V. 75, p. 1301; V. 76, p. 381, 10?3; V. 77, p. 145.)
$2,495,027; bal., but., $323,143.
Figures of the lessee company:
Boatou Providence
Owns Boston. Mass., to Providence,
Oross.
Int. etc.
Tear.
Diridends. Bal.,sur.
R. I., 44 miles; branches, 20 miles. Leased for 99 years, April 1,
Net
1901-2... $9,890,305 $3,710,956 $l,36i
.000.000 $344,^21
1888, to Old Colony RR.; rental, 10 p. 0. yearly on stolk.
1900-1... 9,931.396
3,520.755
1,314
.000.000
206,302
Huston Revere Beach A Lynn Kit.— Owns nariow-gange road
from Lynn to East Boston, Mass., 9 mil.
:on by
x Also $187,500 by company Itself from investments.
oompany's ferry boats Boston Wlnthrop
(V. 73, p. 1312; V. 74, p. 150. 629; V. 75, p. 732, 1301.)
Wlnthrop, 5 miles, with branches 3 miles.
BoMtou & Lowell RR.-Ro.d) Owns Boston to Lowell. 27 miles 000 reserved for Boston W. A 8. 5s; balance
'or Improvebranohes—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles; ments. (V. 65, p. 68.) Notes payable July 1,
$165,000.
others, 45 miles; Middlesex Central, 11 miles; leasee— Connecticut
'92. '93. '94. '95. •96.
Dividends. > 1888-91.
1897 to July, 1903.
& Passumpsio, 147 miles; Nashua A Lowell, 15 m.; Peterborough, 10
Percent, j 7 yearly. 5 1*
5
4
3
2 yearly.
4>a
Lake
1
I
1
I
am
BR.—
;
A
RR,-
-
,
.
1
1
I
,
-
1
;
I
BoonvWe
1
1
&
i
.
1
;
;
.
1
—
BB.—
A
—
;
—
I,
lb
INVESTORS'
SUPPLEMENT..
iVol.
LXXVI1
C
July.
H
KAILROAD STOCKS AJND BONDS.
1903.
RAILR OADS.
MUe8
DIV1DENDH
or
size,
of
For explanation of column heading, Ac, see notes
Road
on first page of t.i
of
Bonds Value.
Amount
When
Per
Outstanding
IJ
1902
*l,000
$2,100,000
r
1882
1:10.000
L891
•..000
5
100
loo
Ulvldi
a J.|S.Y.,Knlcker.Trnat Co.
J.
J.
A
A
8,300.000
100
1887
1889
10
1899
1.
1.
S96
1896
lnt U
'i". g
-
1901
1,500,000
1,621,000
Eaumngs.— Year ends June
Tear.
1901-03..
L900-01
,
p.
A
Int.
975,162
19
407
68,568;
1
taxes.
m
V.
1
n
a
i
0'.), i>.
6,50
1,90
(100,000
1
1
,"»t;,085
73,Osr,
17,000
7. 67, p. 1000; V. 69, p. 9S8.)
i
i
Total
48*08
miles.
Stock,
common
A
Nan It
Sto. ."Uurlo
O.
I
196]
1,
York.
Apr. 1.
Corn Bxoh. Hank July I, '03, 3%
June 1, 1906
al ral Truat Co
do
Oct.
NY. Hanover
l).
1
do
do
5 g
i
Apr.
1.
Nat. Bk.
June
1,
) »98. '93. '91-96. '97.
5
>
19
14
'0.
3
'01. '02.
1927
8
4
1903.
6
4
8
)
5>«
.
p
if
-
\i
Id at
New York
$4,992,147
$1,863,267
19,988
$3,7
$2,421,587
$710,158
88
173,726
$1,883,255
$6-
$1,186,355
$668,110
803,114
127,964
(6)360,000
(2)120,000
(4)240,000
£5,803,693
$2,519,0
20,662
Total receipts
$2,539,680
Interest on bonds.... $731,472
Int. on floating debt.
259
Rentals
476.251
special appro'ns, eto
640,99
Dividend on pref
(6)360,000
76, p. 704,
L,66I
26,926
.
$1,1
13,512
330
1
Dividend on com...
(4)
240.000
(2)
126,606
Balance
sur.$90,704 sr.$205,305 sr.$3J5,974 sr.$269,951
The profit hii1 loss account for lU.iJ cro.hts 1100.000 dividend from II. \ P.
Co. stork and as.i
A I.
bita$SSjjifl foraddl
<
tlonul
C'.iih'
ruction excuses, not included in the
.
hi
Omoi
L, O. i ktes, Boohester; \
Ldrlaa laelln
1-'.
Dinkey, Rochester, Sec, J. H. Hocart, N.
Dlrtelor*.— J. KciuiedT Tod, A. O. fatSa, A. laelln, dr., W. II. I'eckluim, H.
Baxoer, Walter (i. oxkman, 0. on. Laelln. 1. 11. Hocart, a. Richard, w
KB.
Prest,,
Jr., N. Y.; Treas.. J.
'i
I
>
iscar Qrlscta,
L
John
KUer,
N. V. Olllce, 86 Wall St.-(V. 76, p. 1029; Y. 77, p. 145.)
fSre Mmp.j—OwnM a line exIt 11 11 11 1<> A Siik<|iiclininia
tending from Blnnemahonlng, Pa., to WellavUle, N. Y., with r-everal
branch lines. Total mileage, t72. The company la
-lues
5>> mile-, fi om Blnnemahonlng aouthweal to
j ler, DuBol
ville. Pa., where recently acquired coal properties aie Looated.
BoTFALO BXTKHBIOK. An extension Is also being ciin-tructed from
W. llsvllie to Buffalo, 81 miles, under charter of the liutlalo <& 8u
hantia Railway. See the Hy. Co. In-low and Y.76, p. 593; Y.74, p. 1(J37;
KK.—
1
I
V. 75, p. 76. 665, 922.
Hill lM>dkSDSQl 11 \n> \ .1 vi. A OOKl 'O.-Thiscompanv, the entire
stock of which l~ owned bv the I!. A S. RR.. own- coal Ian
Tyler, DuBoia, SykearlUe, Trout^ ilie and Big Bun, Pa
nated tO be undetlaid With Upwards of
free from liens except a mortgage of $260,000 (on ]>r. p
T; ler), w blob La pledged as part aeourity for the raliroad'a
p. e. bonds
0X1951. The Tyier and DuKoia properties are in aotlve operation
si.m K.-Coiniuon stock, all owned by B. ,fc S. Ry., $8,518,000; par of
shares $50.
In 1°.
1,000 4 p.o. nou-cuui. jiref. stool
authorized, of which $3,000,000 was sold. Y. 71, p. L037; Y. 7.--,
1
t
1
Pa., to
41
i
Total July. 1902 (ffSee separate statein't for this comOther
pany).
472
5
Organization, Etc.— Successor In March, 1887, to the Roohester A
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorKanizatloii
in Y. 11. p. 516. The BntireoapitaJ stock ($1,000,000) of the Rochester
A Pittsburg Coal A Iron Co. is owned (\ 66. p. 1088) and through that
oompany in May, 1896, control was acquired of .letteitield Coal A Iron Co. (see Bflaoel. Cos.) with $3 000,000 stock.
For
bonds of these coal companies see table above. Clearfield A Mahoning
securities are guar. Allegheny A Western, see below. In Aug., 1901,
allied Interests purchased upwardsof 2f>,000 acres of coal lands in Indiana County, Pa ,a 28-mile branch to Ernest. Pa., bring completed
July, 190;!; also 35 miles additional to be used to reach coal laml- neai
Vintondale. Pa., of which 17 miles to Black Lick to bo
1903 aud remaining Ls miles to be trackage. V. 75, p. 183, 347. A
17-mile branch la also under construction to other coal lauds in
Indiana Co.. Pa., acquired in Dec,1902,by theaame Interests. Y.7<>. p 47.
. k wis authorized 111 Nov.. 1901, tobe in •:
STOCK.from $6,000,000 to $9,000,COO; of the new stock ^-1,000,000 was
Pa
1)
5 g
liroaa earnings
Rlbold Jo., Pa., to Allegheny
Olty,
N. Y.,
.1
5
Netearnlugs
Otherlncome
mil n
Newcastle
Apr.
BJ r.i:;r.— Fiscal year ends June 30. The annual meeting Is
on the third Monday in November. The report for
was given at length In Y. 75, p. 340, 3 16.
02
toilal,
In 1901-02 carried 1,655,783 tens of bituminous coal mm oi
p. 317
6,934,359 total tons of freight moved), ajtalnst 4,590.527 in 1900 01.
1902.
1901.
1 ear end. June 30—
1900.
172
472
Miles June 30
338
Ala.,
West.— Butler,
.
>ew
\sm
ii
)
A
11
Flak a
Flak a Rob
rhei ks mailed,
J. N. Y..
1946
l'.ioi
!•:.
Pitts.
1
Jill e 1,
(let..
81,249,940, against $9222885.
Hy.-V
v. ham BK.— Projected from Brunswick,
417 mllea, with branches, making a total of
-150 miles, of which
106 miles, Brunswick to Nichols, was
kbOOl
completed July 1, 1902, Including the Offerman a- western kk, 3">
in Mar.. 1902; trackage, Nichols to Bu.~hnell, 20 m.;
miles, purchased
In
umier construction, Bushnell to Oollla, L9 m.; \". 74, p. 771.
Aug., 1902, the Tifton A- Northeastern KB., TlftOO te I'll /-,-eral.l, Ga..
25 miles, waa under option of purchase-, oontrol waa also acquired
of the Oollla A lrwin\ life pro] cted from Oollla to Ashburu. The litton
bad outstanding $50,000 bonds. V. 75, p. 288. Slock and
A N.
bonds authorized, each $20,000 per mile; outstanding Dec., 1902. $2,100.000 of each. Pros.. 1:. c. Miiehen; Sec, Fredei lo B. Chandler; Treas.,
C. .1. Bnahnell, 100 B*way, B. Y.— (\. 76, p, I3.">i
Brunswick A \*e»«terii Bit.—See Atlantic Coast Link RR.
BnflUo Creek Bit.— Owns miles of terminal road In Buffalo
N. Y. In December, 1889, leased for term of charter less one day, to the
Lehigh Valley and the Krio Kit., which together own entire capital
stock of $250,000. Dividends in 1898-99 to 1900-01, iuol., 7 p. 0. yearly.
Btiflalo BochcNtcr A Pittsburg Hallway.— (Set Map.)— Oper
ates from Buffalo and Rochester, N. Y., to the bituminous coal rekri"iis
Lines owned in fee —
Miles.
Leased- Entire st' k own'd— Mitn.
Johnsonburg A Bradford RR.~
Buffalo Creek, N. Y., to Howard
Juno., Pa
81
Howard Juno, to Mt. Jewett. 20
Clarion Juno., to Lindsey, Pa.. 60
Leased— Stock not owned.
Rochester to Ashford, N. Y
94 Allegheny A Western—
Punxsutawney to Butler, Pa. 60
Charlotte, N.Y., to Lincoln P'k. 10
Five branches to mines
19 Clearfield A Mahoning— TT
Trackage—
Cleartleld to r.eech (reek RR. 26
Erie— Mt Jewett to Clarion J.. 21 Mahoning Yalley RR
2
A: III
1,
Aug,
Bob
-
|
Birmingham,
A
a-
-
Robinson was appointed receiver; foreclosure pending. Y.76, D. 21 1 ,971.
Stock La $150,000; par, $50. Floating debt Jan., 1903, $2 LO,0
estate mortgage, $30,030. In year ending June ;>(>, 1902, groat, $6,070;
def. under operating, $8,174; other Income. 84.492; Int. and taxes.
$28,050; balance, deficit, $31,738.— (V. 74, p. 1194; V. 76, p. 211, 971
Bruimuiik
J.
Flak
,
1
May
1
101, J 11, 809.)
Brighton lteat
Bruce BflBCM A klgroma By.— Y.
g.
Y
n.
1
not purchasable, bonds mag be drawn by lot. Real
mortgages bearing.") p. o. Interest, $304,000.
KutsisoH. LI mos.,) 1902-03... Oroas, $6,745,018; am
to Mas 31. S 1901-02.. ..Grow, 5,700762;
July
net, 2.371,127
lor
mos. ending Mar. 81, L903, net, 8 ',316,824, again
In 1901-2: other income $26,384; oh;
14,768; Dalanoe, aurplna,
h Hit.—V.69, p. 22S; V.75, p. 1388.
Brooklyn A
Brooklyn A Itockaway Bciuli It It. —Owns road frOU
New Vork (Brooklyn) to Canarale Landing, Jamaica Bay, 3 1amllea(o]
which 3 mllea double track), and operates ferry to Bookawaj
Operations suspended during winter months. On Jan. 20,11 03, Henry J.
(la., to
Q.-M.
A. A
June
June
si:
do
do
do
do
fiO
50.000
.
eat;
,
p.
Wall
:iti
.lo
IS.'i
'
o7; net, $30,947; tut .taxes, etc 170,044; balance, deficit,
839,077. Prest , Geo. L. Roberta. Plttahurg, Pa.; Beo'y. J. B. Mo<
G Wall St., B. Y.-(V. 73, p. 1009; V. 7."., p. 79:;. 1030, 1301.)
Bratlleboro A Whitehall Kit.— (Y. 76, p. 1299.)
Hroclctlllc WesttpoH
N. Y.,
1)
Feb
May
The Oct.. 1902, and
$308,000 authorized; 8249,000 Leaned; par, $50.
Apr , 1903, coupons are la default; V*. 75. p. 1030. \ prol
mlttee for the bondholders, ii is understood, haa been appointed.
I'd llnea operated),
Year 1901 02 (Including 83 ml
1252; V. 76,
A
1K19
Cheeks ma
lu 1903, Feb., 2'u p. c; Aug. 3 p.o. V. 77, p. 146.
iioNDs. (itmeral 5s for $5,573,000
ad for prior bond
The $2,000,000 debentures of 1897 In the treasury In July,
inrertible Into OOmmon stock at par and sub
call at 10219; they are to bo aeoured by any aubaeo,nen{ mortgage unless made for refunding existing prior liens or for exieu>ions exclusively. Befl V. 6 I, p. 706; V. 73, p. 1 <)>, 1 1 1 1
K,vl'
income (is, $5,000. A sinking fund of 5 per cent will retire her. A, B
;n d
equipment bonds annually on
1, if purchasable at or below
lional equipment
liar; otherwise to be applied to the pure;
L131; v 71, p. 501; V. 78, p. 848. Series I) have an annual
88,
sinking fund of 6 p. c lor purchase of bonis Sept. 1 at 1(17. ami Inter
,
miles.
5
Common
(in common
-
ll-l'.l
.1.
g.
A A
5 g.
5 g.
Preferred
Southern Union Depot In Boston
Boston A Albany, New
opened in l
a. 40; V. 69, p 591.
England, Boston A Prov Old Colony and N. Y. N. H. A Hartford RR.
u owns one rittii of the 8500,000 capital stock and pay aIn montbly Instalments sums sulllcicnt to pay all expenses. On
per cent on stock.
These oompanJ
on bonds and
Registered Intjointly liable for any defloienoy in oaaeol foreclosure.
Dupona F ft A.—<V. 69, p. 139, 5910
erest
Bordell a Ktnsna Ky.— (3-/'. gemfft,) owns BradBradford
ford to Smetlinort. Pa., 2611 miles Leases Ormsl.v JO. 10 Mt. Jewett,
S ui/.ua RR.), 10- IS miles, and Mt .Jewett to Kane, Pa.
Pa, (Bl|
•
5
Dim
BoatOB Terminal Co.— Owns
(Pitt*,
|F.
.luiv 1. 1902. in exohange for $1,000,000 convertible
uid of the baian e atook holders anbaorlbed to $1,300,000 at par,
the proceeds to be DMd to build 45 miles of new road. See above.
V. 76, p. 188, 317; V. 73, p. 1009; Y. 74. p. 12
958
$001
$17,000
do
do
,
I'INCV.
Dio.paul. £al.,surp.
(57,561
M. A N
M. A N
g.
7.117.200
see text
7,150,000
L
.i
do
do
Jan
N. Y
3,24 1.000
1877
l;
Report lor 1898-1)
30.
Net.
Gross.
Hi
C'MIIJ WS<>
00
346,<
l.ooo.v.
t.OOOAo
do
do
do
(>(>•
l
1,000
12
do
do
do
A
do
.000
1,077.000
•i
1903 l.OOO.vc
loo
100\c.
Burlington Qedar Rapid* & Northern si.uk. ,.Tr
I'
mortgage, Lawful money
& N. W..oon, latM.,g., guar.Ce.c
a. An. eon Let m. a ooL trust, gold ... F
MlnueapoiN Ast.LouiH, 1st M.,goid (assumed). Ce
do
1,000
100
L72
Urn...
,.
%.
g.
4*«
500 Ac
102
do
A
5
8
0,000
>,
do
.v
865,000
1,(0(1
1952
1,
Aug.14,
127.000
,
Jan.
\
J.
32'.
..,000
1,000
1,000
l.ooo
1,000
L902
N.
do
300,000
7.000
350,000
100
1
g.
J
Olu 1903
li.OO"
1,000
1 ,000
1,000
1,000
l.ooo
1,000
l.ooo
1,000
108
-14 g.
-Last
-
Vihom.
able
J
6
Cons. M., $1,000,000. u-old, interest as rental, o"
n. RjlTLBOaD,
Buffalo N. !'..<!/.
Buffalo Rod, <vtrr x Pittsburg—Com. stock Tr
Pref. stock, non cum.; com. 6%; then pro rata'I'r
B. A P. 1 at M,g., Rochester to Salamanca i n
R. cfe P. oon -..i. St., (20,000 per in.,gold, g I »
B. B
M. if lo.ooo.ooo) g... i ii
Llnoota Park <fe Charlotte latM., gold, gu •
B. R. A 1*. oar trust -, gold, duo m-uiI annually ...
Equipm't bonds, 8500,000
A < S
'l.i
B„ dec., $1,0U0.0C0 each, g..s. f.G
(Id
D, g., a. f. ..
Seiuii'iis of lilted <",il l'rn/ie
Jefferson A Clearfield 0. A I., pref stock
Q.Q
1st M., g., alnking fund, drawn al L08
.Cans o
3d M, gold, a. f., drawn al 108
Boon. 4 Pitta. Coal a Iron, Lai af., g., i f
Helvetia, purchase money, mort.. g., a. r.Oa
<•
let M.of 1902, $2,000,000. g., red. 105,
noil cii
Buffa
fusnna RR. l'iof.>tk.. 4
He
1st M., g., s. f., rod. ai par
1st refun ling mort.,
0('0,ooo auth.
1,000
l.ooo
Brunsw. d* Inrminr)h.—\*tyi., $ 1.', 000,000, g «v
Brunno.it Wist.—HSee Aiiamic OOABI I.im. RR.
Buffalo Greek— \-
33
p 9
1
3.
Dividends.—On common, 4 p. o. foT 1894 and 5 p.c for 1895toJaly,
1903, inclusive, paid Q-J.; on preferred, 1 p. o. quarterly Mai
.
'
19
date of
Bonds,
be 5 per cents of 1913 have been reduced bv t
of the sinking fund and by refunding into 4s of 1951
They are subject to cail at par for sinking fund Ln
beginning with highest. Y. 65, p 234.
The 1 per c< nts of 1951
the entire property. They alio cover 8,000 acres or bitun Inouf
Ian Is at T> ler, Pa. Of the bonds aol
for refunding i
mad, anil the coal propel
be issued at
mile for the
sitiou of additional road; also for ii_
erties aud for new equipment.— Y. 73, p. 619. Total autli
i
i
I
.
<
•
I
.
INVESTORS'
2©
%
*
\
,
Buffalo
Buffalo
&
&
SUPPLEMENT.
- iTF THE
Susquehanna RY. Co.
Susquehanna
[Vol.
LXXYII.
«./
Iron Co.
P
ri
r
R
A
* t<£
iff
LACKAWANNA STEEL CO.
KldrwtT
P''
-
T\
RAILROAD.
AXD
[Tfl
<
ON
\
i
<
I
IO\>.
-
1
July,
'
1
RAILROAD STOCKS AND BONDS.
1903. J
*1
RAILROAD8.
For explanation of column headings, Ac, see
on tlr8t page of tables.
not.
of
-
dt Edmonton— Hiv OASJLDIAM Pacific.
California Ailil'n l-I M., gold, I
Gal. Nort/iw.—\hi M., g ($2,000,000, (ru. |> A
-m niKitN P
California 1'ik
Calgary
10
.1
1st
M
1891
1,000
1889
88
1,000
1,000
80
,g,*fii.p
Canatta id.
— 1st M., g., Ottawa to Inoolh
Ottawa Arnprlor 8
Central
1
i
1.279,000
Stock
16
in
*10o
1902
5
.
Montreal. Bk ol Mont
Loudon
-
£]
1,180.600
81,000
100
a;
iin.l
01
1
l.omlon and
•lev
Canadian
—
—
g.
1
I
A.
4
A
6
1880 JtlOOAc
\
7.'"
v-\'-
6
3»sg. J.
1,000
I.000
1
6
.;
ilOHAr * 1,830.000
J.
J.
J.
.1.
,lo
Londou. Oomp'j
1
the boi
p.
.
S,
.1
-
tin
i:s
}' \,
751,
I
ent terminable at option of either party.
i.
A full abstract or the mortc
•
:
on Jan
1,
1903,
$11 1,177.
a Hide 11 A Itu rlln^ton ( oniity It II.— Owns from Camdi
to Pembetton. n. .)., 23 miles; branch, Burlington, N. J., to Mount
7 miles; total, SO mile.-. Operated by
uaranteea 6 per cent on stork. Stock, $3
in January and July.
In 1902, gross, $293,212; net, $52,390; profit to
— (V. 64, p
lessee under rental, $15,475. In 1901, grot
net,
<
t
<
K).—
aniida Atlantic
-Owns
<
Mia
-tee
Qrtal
tad
'
Outstanding, 87,117,200; par of
1
.
10.000,
bj a bj udl
iiied by a Brat lien on terminal propel ty at Buffalo an
the 84
ite; also by deposit with the
miles under oonstruotlon In N
i.-t
Oo. of the entire common stock ol the B. ,v
act with the
Company and assignment of the above-mentJ
LronOO. (V.74,p. 10 10). See V. 76, p. 51)3. (V. 77, p. 87.)
1
I
BB
i69,021; ii.
for inten-t. etc 8600,4
.101; net
t
edar Itnpldn A Northern By.— Operates:
Linen owned iii fee —
Leas"
owned—
1
<
Branches owned
to
Iowa City 8 Western KR
Rapids, I. F. A N. w
Holland, la., to Watertewn,
Leased—
Manly Jo. to North wood
310
80. Dak., a
ip.
1
I
A
Clinton RR.. Ac.
0. M. 8
Trackage (orer
Total operated Jan. 1.1H0J
<
V. 74, p.
-
89
»,
B
lunula Soiitlicm lty.— 'See Map Si
ir
109
45
l.i(D5
forJan.1903.
170.
California Northwestern lty.— Operates under lease the San
Francisco 8 North Paolfic By., extending from Fort Tiburon, Cal.
(whence ferry to Sau Fr,.
Ilea), toUklah, OaL, 106 miles, and
branches, 59 aulee. Also, m Sept., L900, began to build an extension
60 miles into the it dwood forests of Mendocino and Humboldt counties. Cal.. of which I'klah to north of Wfllits, 30 In., are in operation,
and 10 miles additional were let in May, 1903.
worthless. V. 63, p. 838,
<f Hudson R.
i
1
!,
334 44886
, t-
.
H9t.)
from 8
Bridge station, includWindsor, Out., 226 miles; branches to
ng
.111 trik'ht. Out., etc., 231 miles; total, 457 miles, of which 100 miles are
ominally owned by proprietary companies. Trackage, St. Thomas to
London. Ont, 15 mllee. JJouble track. 135 miles.
Organization, contracts, Etc.— The Company was chart,
Oanada February 28, 1868, and debt
in 1878. In Nov., 1882,
uitraet was made with the Michigan Centra! for 2'
Jan. 1,1883. The Btoek holders voted on June 8, 1908, to
the Mich. Oent. for 993 rears, the latter Kuaranl
to 1910
in the stock
author
tlstlng boi
a provide for Improvements. V. 76, p 1191,1247.
Drvn>Rin>8.— 1888 '89
>i '02
1908
Slnoel887
2>a% 2*a 3»a 2«« 3 3 3 2>« 2** 2y'rly. 2"s
ASM" vi. RBTOBT.— Prel. report for 1902 was in V. 75. p,
of earnings, $310,167; other in
$300,000; bal surplus for y.
line
The Cantilever Bridge to
Ml
HiSTom .—The Chicago Book [aland 8 Paolflo Ry., whlob
5,000,000 of the $7.rJi,7-io stock, leased the road tor 999 years from
1, 1902, on a basis of fixed charges and 6 per oent on the stock,
Too had b<
In Jan., 1903, all the minority stock, ei
changed, dollar for dollar, for stock of the cnic. R. I A- Pao. By. V. 74,
p. 1194. i:5J4; V. 75, p. 28.
Dividends— J '93. '94. '95. '96. '97. '98. '99. '00. '01. "02
Since
Percent, i 3
6 See"Hlstory'<
Bonds.— Of the 5* ot 1884 (Central Trust Co., Trustee), box
For
d to retire, if deemed best, all prior and divisional bond-.
extensions bonds may b,
'id $7,
$15,000 per mile fi
BOO per mile for seoond track, the total author, issue not being II
Minneapolis
$1. Lou
June, 1927, numbered from 1,101
to 1,400, for .t.'.OO each cfl 50,000 ln all), have been as-iimed.
RSFOKT.—Report for 1901 was In V. 74, p. 1249; none since.
rear ending Dec. 31—
1901.
1900.
Miles oper Dec. 31
1,171
1,299
Gross earnings
$5.;,
Net earnings
L.432,761
1,4
1,250,842
1,852,593
Other receipt,101
260,98 1
102.714
Total net Income.. $1,955,307 $1,511,*:
Interest on debt
$792,200
8791,150
Dividends
(3)410,000 (4)2
(6)427,239 (3)440.000
Miscellaneous
19,977
18.045
Surplus
$260,(
!0,587
$404,651
.f7 17.-23
-(V. 75, p. 28. 238, 1146; V. 76, p. 1142, 1191.)
-ti.
FotJe (tnlrat
Main
fune
Butte Anaconda &. Pat Hie Kj —
Caluary A Edmonton Kj.— Sec page
19,
Canada BUekdcan A Clilca^o.— Bonds
73
,
l'ostvllle,
Riverside, Holland, etc
.
.
—
la., to Erin, Minn.
jointly Leased)
1
.
line, -loo
•
shares,
"Bnrllii;rt»ii.' '—See OKIOAOO BUBLUfQTOI
of
Depot Harbor, Out., on Oeorgian Bai via )tl
miles: trackage to SwantouTYt., etc, 10 m.;
:- from the Central Oountles By. branch froi
Bobertaon to
iry, 21 mllee, and branch, south [nd
Rockland, 17 miles, and from Pembroke A- Southern Ry, branch from
Pembroke to Golden Lake, 21 miles, at 25 pereeni of cr
total. His mil,'-. The company runs through trains to Mot
:nd Trunk By. from Ooteau, Montreal, 37 miles, under a
In Aug., 1899, absorbed Ottawa Arnprlor A Parrj
ot.
mpanj organised In 89
- from Parry Sound to
of
$ ,000,000 stock, opera!
Duluth. Milwaukee and Chicago. V. <;'.», p. 95 L The (ireat Northern
Oanada, together wltn the
Itlantle, forms a
through route for ocean-bound freight from Parry Sound to thi
dock- at Quebec.—V. 70, p. 27i».
.joO.ooo common and $1,000,000 preferred, all issued, together with
common.
Earnings— In 1901 2,
nd ran1)
Vermont state
.
old 4*»s (authorized
in
1
.
1
Net earn
owned by the Penn. RB
B623.193; net. *] 1,180; Interest and taxes. *
In year IDOL
traordlnarv exp
r,341.
e
lout "Mi ii
(See \ 78, p. b98.1
tr affiliated corporation,
rhe Buffalo
tan a iron'
Iser otlng on a traot of land adjolalng the terminal propertj nl the k,
ly. at Hutt.il> two blast furna
78, p. 922.) The rail
11, piny has a contract with the
Iron oompanj to transport all
Oal and coke that the latter requln
(less
I
the Cambria * Clearfield Ry. v. 77, p. :<;>. stock, 81,300,
owned by the Pennsylvania kk. Oo., wnloh operates the road under
1
:
Burllucton,
I
•
.1
Burlington
Tli
1
n
- Mill Mrancb
atiibrln A < learlleld ICIC—
in July, 1903, merger wil
miles; branohee, 53 m
northwestern, Millersburg
Blaok Lick and Tyrone & Clearttehl was arranged under
1
which 85,000,000 were underwritten
Bee.
;
n able.
Bonds arc issuable
o.vNorth
and Comp.,
,
1
<
Boflfclo A Imqnebsnns By,—Has under oonstruotlon a line
nsion of the Hnf
from Wellsvllle to Buffalo, N.Y. 84
falo A Susquehanna hauroad (whlob see above)
Upon completion
arsfor Inti
of this line the B. •&. 8. It R. « ill be leased
its outstanding bon Is and
guaranteed dividend 01 4 per cent yearij
on the preferred stock.
The
0. has acquired the entire common stook of the *,
Oo., and it will thus control, upon the ounpletlon of it- line,
Lie, Pa., whloliwlth
a railroad extending from Buffalo,!!
r.ii branches \\ 111 have a total mil
..",
Buffalo 6 Susqueti anna Goal 8) OokeOo. [\
ueo be
p.
of
11)37
,
1938
A-
1
>
A Newhall
888, 74-; v. 78,
lll< It y .— See
California Fu<
-
)
p. :;7o,
1934
1,
11115
1
!
533.)
-(V. 67.
1.
1,
offloe.
Stock. si.0O0.O00; Issued, 11,566,000; par, 8100.
at ?-•">. 000 per mile, being guaranteed bj leased for net profits for 20
1
1,
59 Wall A London
London. Marine
I'li.
lvuo
1
June
iii-
815,000,000, but additional amount- at 815,000 pet mile may be isready covered bj tile moil
sued for double -tracking
oklng fund of 3 oents per ton of ooelmlned Is
V. 78, p. 619,
for, to be Invested Ln the bonds if purchasable as not
Dg 10 i>. c, otherwise la saviugsbank securities.
Gross, $920,936; net,*!
11 month!!,) 1902.'!
(1901-2
arose, 772,157; net. 333,011
July 1 to May 81.
For 6 mos. ending Dee. 81, 190*. net, i
1901; other ine ,$53,414; charg.. 874,816; sur..
12,799.
Kktokt. — Keport for >ear ending .tune 30, 1909. v
length In v. 75, p. 902, 922, (See also editorial, p. s77
69; other Income, $37,672 total net Income, $3 L.941; Interest and rentals, >i id, 726; dividends, 8175,900;
bal., $69,316. In 1900-01, gross, 8721,966; net, $301, m; ...
(V. 76, p.
fd
'(
1.
July
July
July
1
D. N. Y..
8
1,
AlT.l.
Hot,
Bee.
Marl.
A
A
g.
Apr
•.
Monl
8
4
1,000
'
WallHI
.v.i
.
London, Baring
do
"I.
g.
N. V.
a
8
,0,000
)
(>.
A\
Iaiii,
1
1885 8 100 Ac
j! 100 Ac
£100 '•>
41 Ac.
i
A N
!
1902
In
S
",
J At l>):
l
10,000
1,380,1 l-
81 8c
....
r
3,221
Can. Paoltlc, 1st mortgage debenture sterling
183
1st inort. on algoma Branch, gold
hand grant bonds, int. gu. by Can. Gov*1
oQdated perpetual debenture
- oi
Princif vi Li iskd, ktc, Li nks.
Manitoba s. W. CoL R'7 812,000 p. m., Int. guar g 218
350
Atlantic a
-let mort. gold, guar o**r
ithoil/cd, $10,000,000;
3%
I
1DOO
i
$100
BoKua.—The first 50-year
1941
u3.
•
N.V ,hk
130.000
.
mm
Bade Central BR. 2d mortgage (now 1st)
Qnebeo Prov. due on Q. M. O. & O. and V. 6
l,
Phlla., B]
-
1,000
10,000
1
£71
287
.
l'aci/lr -Stork (See text)
cumulative
Pref. stock limited to l p. c,
.„.
Phils
I.
:
....000
.(i
i
Other bom
.........
Ontario Di\ Is1 M. deb I
text).
Perpetual consol. debenture stock
1st land grant M red. 110 (V. 75, p. 188, 6 19)
Imperial Rolling Stock Oo. 1st M.,part due.,
.
J.
.V
5
i
-
J.
000
1
1,000
LOO
1,000
L ,000Ai
L.000
459
i.
g.
0,000
38
ntal.
1st M. 114,000.000 [Can. monej
BeeV.63
2d M. for $0,000,000. Can ad'n money. Do.di
Leam. & St. Clair 1 si M., gold, gu., p.Ai (end)
Canadian Vo V, In. d
000 D.
B
6
Parr] Bonnd, 1st mort(
<
Canada M
Oanada Southern
1921
UK.
k
I
1
1,
1898
103
Cambria £ Clear}
UP c
i;-i
a 01
8uu
Camden <e Atlanta- Bl I Him
Camden it Burlington County- sunk. 8p.c1
July
V.
60
I
•
,
r
!
(
a
Had i.<
11
Jan.
16.— (V. 76,
1, i
;
\ortliern lty. — P.,;
and northwesb
•-.ati'liewan Kl\ er. -
1
J
;
mile
below; Port A
7
.
Northern Pai
m.; Belmont
;
'
in April,
l
!'
Seem in
Quebec and Montreal,
line to
Manitoba
I
p.
v.
1
sublet from the Pr >\ Incial
30. 1901, at 8210.000 annu
for 10 years, then {
the option of purchase al an\
to Duluth. to Insure a w
;"u also proposed
'verument
lias
I
t
nd truarantees certain of the bonds.
437; V. 73. p.
Organization. — William Mackenzie of Ton
the Canadian Bank of Commerce are
Cox and
I
•enterprise
INVESTORS' SUPPLEMENT-
99
Canadian
J' act fit
of
&o., see notes
e,
New
from rem
guar
at.
Dulut:
i
Hrel<-> il/
— 1st
(750,000, n d. ait. 6
M., 82,400,000 R.S
<
mort.,
it
J
69
g
ra.,
Li
NBRV
•11
300
46
29
M. g..i;u.p.&i.end.
mortgage, g.PeP.o'
& R. Ry. See text.
gold.PeP
o'
98
103
16
gu. P.
mo
1st oonsoL
KX>,
OaUktll Mo
ret
mortgage
lnct'ii
Cayuga J 8u$q,
Cedar Rap
Central H
Btock. 9
Central
1).
L.
1
i
J
A
W
By
34
.. ..
BUR
i
i\i,r
100
288
lie
O.OOO.ir.. textsc.tr
>!.>-,<'
I
-i M..$7.000,000,g.U.o**r
812
18,500,000. gold Me....o*4r 1,890
138
.(Columbus to Andalusia) g.6.0'
M., $840,000. gold. MBa.O'
L02
7"
•<.. Brut. to Dover, $6,000 p m.S.e*
Cent."/ Georgia
Oonsol.
rental
p. 0,
Us J SWirl/twrtirrn— See
Br. U. P. 1st M.. g.l'n
mort., guar., gold
:
i:
Ma.
1
pa
1901
1901
1898
1899
1002
1895
1895
i»oi
Kv.-Koad-Owii a trans-continental railway
made up as follows July 1, 1902.
the Pacitlo Ocean,
Under construction July
|
1,
324
1902
735
Operated aeot. of owners
Also controlled but op. sep.—
92
Used jointly
Minn. St P. 4 Sault Ste. M.1,412
flDuluth South 8. a Atlautio 565
7,586
Total In traffic returns
II See each co's statement.
Histokv, Etc.— incorporated Feb. 18, 1881, under oharter from Do
Canada, receiving $25,000,000 in cash as a subsidy, also
minion of
25,000,000 acres of land, all to be tit for settlement. The Ontario
& Quebec. Montreal to Toronto Junction, 334 miles, was leased In 1883
took and bonds guaranteed. In 1902 leased for
for 999 yean
999 years lie Ottawa Northern & Western Ry.. extending from Ottawa
via the Intel-provincial Bridge to Hull and Gracetleld, Que., and from
Hull via A\ liner to Wal tham, Que., a total of 151 miles, aud under conV.73, p. 1161; V. 7 4,
- trm tlo ii from t-racctleld to Maniwakl, 23 miles.
In Feb., D.03. the purchase of 14 steanD. 937,988; V. 75, p. 782.
shlps for trans-Atlantlo service was arranged, and in June, 1 903. ao1,865
2,72
1
•
I
t
N
i\
Igatlon
(
ii.,
o per., tint.'
1-1
steamers, chielly to
Alaska aud Vancouver Island points. V. 76, p. 435, 479, 1354.
Stock.— The company bought of the Dominion Government an annuity of 3 p. o. per annum on the common stock for the ten years 18841893, the las: pavmenl having l>ecn made In August, 1893. The Issue
of preferred stock must never exceed one half the common stock. In
1902 the authorised common stock was Increased from $05,000,000 to
$19,500,000 of Die new stock being sold to the stock-
KJ.OOO,
V. 74, p. 267, 378. 829; V. 75, p. "553, 665. In April,
to Issue Lp o consolidated stook In place
In treasury,
v. 76, p. 809.
iar.
was ashed
L008, pe> mission
ofbranoblini
'91.
Divi.
'.).").
'90. '97. '98. '99. '00. '01. '02.
1903.
4^ 4 5»« 5 5 Apr., 24
ot yearly (2 a. &o.)
c.r \it vmkkd Honds, Ktc— In May,
DXI BTOOK,
Bond1888, the company relinquished its exclusive right to operate in Manitoba lines to the international Boundary, receiving the Dominion Government guarantee of Interest on $15,000,000 of land bonds. These
ue a lie n on 14,680,100 acres or land.
H itics held agalnsl eonsoL ttt btntturt Hock in v. 75, p. 554.
In June, 1890, oompan] agreed to fjuanuUtt the principal and Intei
sued by the Dulutn South Shore
est of $20,000,000 4 per cents, to he
tol. bonds of the Minneapolis
per cent lnti
aAtbo
all Bte. Marie and in 1899 Interest on the 2nd mortgage
latter, and In 1901 Interest on $1,251,000 Mineral i:
4s of the
being all owned June 30, 190
it bonds, the last-named
>l,p. 239; V. 52. p. 608; V. 68, p. 669, 770; V. 73, j>.
V. 50,
.107,000.
556. Owns Dul
Common
Prefern d
5
2»a
i
[asued In 1894,
">
p.c,
J
2««
v'rly
p.
-
i
i
-
jo
tli'
r<h\r,si
Railroad, crossing the
Mate
See text
Dec, 1902,
July 26, 2882
Aug. 1, 1934
Irredeemable.
5
a.
F.
&
&
&
&
&
&
&
&
a
&
$425,000
J.
a-
g.
J.
5g.
J.
5
4
g.
A.
g.
4
g.
g.
g.
J.
J.
J.
J.
5
4
M.
5
4
g.
5
6
9
ol
D. Lincoln Tr.Co 8t Louis June
J. July, '02, notpd wh.due July
,
&S. D.Co. Apr.
1,
J.
July
D. N.Y. (irand Cent.Stafn
Dee.
1,
1,
1,
1.
O. Phlla., Gu.T.
1929
1941
1981
do
do
July
J.
1931
July
Philadelphia, Pa.
J.
1928
N. Philadelphia Co.'s offloe Mayl9,'03.2>e
o.
do
do
Apr. 1, 1948
A. CsklU,N.Y.,Tan.NlBk. Aug. 1, 1905
Divid'dpd. Sept. 10/97. Aug. 1. 1915
J. New York, 52 Wall St. July. '03, 4^9%
D.
g.
J.
J.
&
a
A
a
.t
a
&
J.
J.
do
tt.
J.
.V
I).
do
4
g.
4
5
g.
g.
5
5
5
gg.
g.
6
5
J.
f.
A.
f.
M.
1921
2001
1,
2,
June
N. Y..Merc. TrustCo.
Do
A.
do
O. N. Y., Standard Tr. Co.
a. N.Y.GuaramyTrustOo.
N.
do
do
Feb.
Apr.
Nov.
Nov.
Jan.
Jan.
Dee.
1948
1919
1932
1945
1945
1946
1946
1945
1,
1,
1,
1,
1,
1,
1,
1.
The New Bmnsmick Railway consolidated debenture stock has
interest guaranteed by ('. I*.; interest on the first mortgage bonds,
though not guar. Is oald out of rental under 990 year lea«e of The Calgary <t Edmonton Ry. debenture stock Is guaranteed lnter1
new lease of 1903.
The Ottawa Northern & Western Kv.
at 4 per cent under
V, 76, p, 41
loan is-ued in 1902 under
the lease Is for $20,00() per mile of road and » 1.000,000 for the Interprovincial Bridge at Hull across the Ottawa River. V. 75, p. 7
Lakds.— Lands unsold June 30, 1902, were 13,726.288 acres of Canadian Pacific grant and 653.013 acres of Manitoba South Western
grant, 300,200 Great North West Central grant. 3,755,733 Br:i
lumbia Southern and 167,189 acres of Columbia and Kootenay grant
In addition there will be acquired through
total. 18.603,093 acres.
the Columbia
Western Ry. about 2.500.0(0 acres. Total sales in
1901-02, 1.K62.8.V2 acres, mr $4,442,136. Total sales for year ending
June 30, 1903, aa reported, werej.2,639,529 acres for $ ',693,950.
As to land grant bonds of 1888, see V. 75, p. 793, 135d.
st
&
General Finances.- In 1902 stockholders subscribed to $19,500,000
new common stock at par, payable In Instalments during 1902, the
proceeds to be used for equipment and Improvements, together with
$3,000,000 appropriated from Die surplus earnings fund. V. 74, p. 37-<.
In 1901-02 £050,000 of consolidated debenture stock was sold and
ds applied to construction of branch lines, and acquisition ot
$1,25 1.000 Mineral Range RR. bonds on which int- rest is guar.
the Columbia & Western Ry. aud British Columbia Sou
Ry. V. 75, p. 553. Extensions proposed in 1902; see V. 75, p. 553.
EARNIN08.-11 mos., \ 1902 3. .Gross, $39,804.7e 2; net, $14,590,790
July 1 to May 31. J 1901-2 .. Gross, 34,323,
13, 23-, 175
For 6 mos. ending Dec. 31, 1902: Net. $8.796,18.1, ;iaiu>t $8,230840 in 1901, charges and dlvlnends, $5,590,276, bah.sur., $3,202,907
annual Report.— Flsoal year now ends June 30. Annual meeting is
held at Montreal on the first Wednesday In Ootober. The report for
1901-2 in full was in V. 75, p. 546, 553. See also editorial p. r>^l'ear» ending June 30,—. Calendar year.
1901.
1902.
1892
7,5"<8
Miles operated end of year
7.000
$8.08.1,370
Passenger earnings
$9,359,522
$7,098,097
Freight
24,199,428
18.983,186
18,738,885
3.944,l«i4
Mall, express and miscell
$37.503,o54 $30.Total earnings
0075
62 44
Per ct. of oper. exp. to earn'gs.
5816
$14,085,913 $12,109,376 $12,230,166
Net earnings
958,827
933.425
I uterest received
1.150.198
$15,044,741
$13,0 12, sol
$13,380,364
Fixed charges
$7,:;
$7,305,835
$6,816,676
.Ooo
150,000
For steamships
150,000
uvidends on common stock. (5)3, 25O.O00 (5)3,250,000 (5)3,250,000
Dividends on pref. stook
(4)1.222,506
(4) 954,840
(4)1,246.840
*1. 114,460
Balance, surplus
$3,063,077
$2,203,848
-(V. 75, p. 1353;" V. 76, p. 381, 435, 479,809, 1029, 12i7, 1354.)
Cane Belt IIR.—Sealy to Matagorda, 93 miles. Branch to Garwood, 9 miles, building. Lincoln Trust Co. of Kt, Louis
mortgage trustee. For 11 mos. ending May 30, 1903, cross, $i:<
net, $20,773. Year ending June 30, 1902, gross, $178,791; net,
I. P. Fell, Office,
768. President, Jonathan Lane, Houston,
Eagle Lake, Tex. -(V. 73, p. 444, 956.)
Cape Breton By.— In -Vpr., 1903, road nearly completed for 20
miles oast of Port Bawkesbury on the way to Loulsburq;
total
lie St; miles.
Controlled by the
Bubsldj $9,600 per mile.
Dominion Securities Co. (see V. 73, p. 3;t:>; V. 74, p. 98 •>, which 'owns
95 per cent of the stock. In Oct., 1902. a reorganisation commit-
I
.
James G. cannon. Chairman (1'rust Co. of the Republic, deposiV. 75, p. 732.
.Stock, $l,000,OoO, all outtary), requested deposits.
standing; par of shares, $100; mortgage for $2,400,000 authorized in
street,
July, 1901. President, Myron E. Evans, Offlo
N. Y. Clty.-(V. 74, p. 77... 986, D>88; V. 75. p 28,782.)
See Seaboard Air Line Ky. Co
(nrollna Central
from l.iiiuberton, N. C, to Ma< arollnu Northern Bit.— Owns
il, .n, S. C., 1 1 miles,
oompleted Nov.. 1901. in Deo., 1902, Augustus
Meliier of Philadelphia and P. <». BCoNeely were appointed re,
v. 75, 1252.
in Dec, Ltf02, s8.il 7 receiver's oertltioate (t;s) were
authorised. V. 76, p. 211. Btock, $500,000, all outstanding; par of
shares, $10. For year ending June 30. 1902: Gross, $26,924; Ul
tee,
UB.—
1
i;77.
1'res.
and
(Jen. Mis'r.,
delphia. i'a.-(V. 73,
Carolina
s. c
p.
Augustus
662; V.
7.'..
p
Uellier,
318 Bourse Bldg., Phila-
1252; V. 78,
p.
211.
& Northwestern By.— owns
itandard-gauge road
m,,\
to Iyenoir, N. c.. 1 10 miles.
1903, extension
land, N. CL near I.enor, to Blue Ridge Mountains. cr m.
Reorganisation In 1897 of Chester A- Lenoli
in Mar, coo, ne. iriy ail stock and majority o( bonds were aoqulred
he stockholders voted \piil 24, 1900, to increase the
Uoate
stock to $1,000,000 common and T-l.0OO.0o0 4 p. C non-oum pref.,
.re at $11,000 per mile (lnoludlug $2,000
to Issui
of the
tor equipment In 1903 and 1904) to standard-gauge tin- road,
$1 820.000 issuable on 110 miles now operated, $140,000
tiie obi bonds, mostly retired, • for $. v. 70,p
x*earl9011902 (110 miles),
bal,.
73; net, $67,920; charges, $26,641
1., win. a.
Barber, 30
v.-tv. 70, p.
.
1
,
,,
,
•
>
1
1
1906 am
81. j.
oney.
Paoinc's
per oenl
rental sufficient to paj
interest
lie bondholders' agreement to accept
rly),and to refrain from
pal (due LolO) during oontl
endorsed with the
i
at
I
i"
demai
<
i
3%
Irredeemable.
....
1,000
2,500,000
3. 459,000
1,000
1,000 N'neApr ,'0:t
1,000
7.000,000
1,000
17,200,000
1,000
1,000,000
1.000
* 4 0,000
l.ooo
J. 000
77, p. 87.
2,905
g.
g.
ON Cl dab Ra mis A Noat nwK-Ti: UN.
!
Pacific
J.
J.
J.
4
2.000,000
1,100,000
300,000
135,000
See text.
2,215,000
50,000
238,000
589,110
1 000
1885
1885 100 &c.
80
Province of Manitoba agreed to guarantee $10,000 bonds per mile on
>f branch line
to be constructed. V. 76, p. 751.
about
As to Imperial Kolllug stock 5s of 1902. see V. 75, p. 1353.
E\knini.> —For 5 mos. ending May 31, 1903, gross, $916,025; net»
>5284,h^5. For 4 mos ending Oct 31, 1902. gross, $684,235; net,
$254,184; Interest on Ibonds, $202,880; sur., $51,304. V. 75, p. 1353.
Pre-ideiit, William Mackenzie; Sec. and Treas., J. M. Smith, Toronio,
Canada.- 1\. 70, p. 265, 541,653,701,751, 1029, 1083, 1247, 1299; V.
al to
5
750,000
500,000
500 &o.
1,000
1,000
1891
1,000
1898
1,000
50
1.000
1898
1
I
4
1892
!
Canadian
• 8*8.300
£1,121,700
See text.
1,000
1,000
the entire lain! grant, 2,155,466 acres, about 363 '"I. are held for account of Manitoba Croverninent in
000, it
connection with guaranties, a.i3.000 for account of Dominion Govv tor a mall contract subsidy. Die remaining 1,500.ornme.
a time to time through a selling agenov at a mini000 to
mum return to the railroad of $3 per acre. V. 76, p. 1083. See V. 75,
p. 183.
Stock.— June 30, 1902, authorized $24,750,000; all paid up.
Bonds.—On Winnipeg and Saskatchewan divisions there have been
Issued first mortgage bonds, guaranteed principal and interest by Die
Government of Manitoba, at *s. 000 per mile; also second mortgage
id, $2,000 per mile. See V. 75, p. 1353; V. 71. p. 235.
bonds. D
In July, 1903, the Canadian Ooven ment was proposing to guarantee
50-year bond! at $ 3,000 per tni'e. with interest at 3 per cent yearly,
for the construction of the Gilbert Plains branch, to extend from
Dauphin on the Saskatchewan division to Edmonton, and the extension of the Saskatchewan division to Prince Albert; total, 924 miles.
V. 76. p. 1299, 1217: V. 77. p 87.
3,p.
" !, p.
Tli eOn tarlo Division 4ks (see V. 72, P. 338, 437,) were mostly
In 1902 exchanged for an equal amount of 4s, guaranteed, principal
V. 74, p. 882; V. 75,
tie Government of Manitoba
and Int'
Total bonded dent In Dec, 1902. £2,405 635.
p. 1398: V.71.P.235.
exclusive of Rolling stock Co 's bonds. In 1903 $2,000,000 perpetual
dated debenture stock was issued to acquire securities of controlled properties. V. 76, p. 12-17; V. 77, p 87. In March, 1903, the
81
Montreal
Branches and auxiliaries
Leased lines
4
15J.&D. Can. Pao. office, London.
a I) Montreal and London.
A D. London, Morton, Rose.
& J. Toronto and London.
F. & A.
London.
do
,T.
A, .1.
J. & J. Can. Pao. otlice, London.
4
6
5
nv.
Land GB LHT.— Ol
from Mont it
(6)
£719.000
£630.000
1902
LBOABD Aik
i500.000.OaP.
1st
-t
-
£200,000
ompa nv.
Colorado— IfiX M.. fold, sink, til II |>
a. $ 1,600,000 g. gu.,1 n
<7a/air.
Cent.
1883
1884
that e
that C urn
,i
Oarih'
Catas<
1st
17-1
text
Carolina
Stocks— Last
Dividend.
Whom.
Payable
Cent.
2,000,000
£4,007.381
£1
£100
£100
£1
rental
a-*
.
Bee Btatemenl ol
statement of
Minn.
Oarttui;,
i« t
:
.
Ottawa
Carton
*50 &o
1876
100
671
191
rock, lnt
Peri"
Cant
Cape
58
lft mort., gold. Bee
iruaranteed In perpetuity
it guar. In perpetuity.
1st M., gold, inl
>ok
'
Caleat
pal, When
by
Rate pei
— (Concluded) —
Ontario a
Ont.
Toronit
Outstanding
Road. Bonds Value.
Lawrence a Ottawa-
St.
Amount
Par
of
bona*— PrinciDoe
INTEREST OR DIVIDENDS.
When Where Payable, and
RAILROADB.
For explanation of column headings,
on first page of tables.
[VOL. LXXVII.
r
1
15;
V. 76. p
;
Jcly,
1903.|
RAILROAD STOCKS AND BOND&
J»
k
INVESTORS' SUPPLEMENT.
24
RAIL1.
>ate
„r
of
For explanation of column headings, Sic, see no
on
page of
first
Central o/ Georgia
Mill. Ga. & At. Div.
Eatont. Br. Let
Chatt. Dlv. pui
Chan. Rome A
"f
138
o'
to 5 p. 0., .TI|»...
re..
earned,
non cumulative.
gold,
^
1897
1896
1901
1897
1895
1895
1895
1887
b
'.!
red. at
g.,
Ha.
L10.Ce
a
Riite
out* Undine
"ui*"""1115
& car
Per
Cent.
*-
$1,000
$113,000
500
1,000
1,000
1,000
1,000
1,000
1,000
It,-
OR DIVIDENDS.
Wnen Where Payable, and
Payable
Whom.
5 out J
g.
I
trust*,
343.000
7,OOO.oo(i
4,000,000
4,880,000
Ocean
88.
't.
guar.Ce
e
ii
'
J
A
A
D.
.
l>s
1,000,000
1,022,900
5,191,100
273,400
188,000
'
do
Various.
J.
J.
J.
g.
:.3
100
ah stock din bonded debt)
333
100
....
Southwestern Railroad stock (no bonded debt).
100
5
Chatt ah< ochee A Gull, stock
08 1900
1,000
5 g.
rental. s.f..red.l02 k
1st Ii.. g., $2,000,000. int.
Central Massachusetts- See Boston A Maim: KK.
100
3,450,000 ) To be li
Central New ffnrfanrf— Common stock
100
3,150,000 I is pai
Preferred stock. 4 per cent
58 1899
5 g.
1,000
650,000
call at 105 after 1904. FP 0'
1st M., $1,250,000,
1,000
5 a.
58 1899
7,250,000
Gen'l mort.. 5 p. e. lnoomes,$8,500,0O0.FP....r
c'
12 1890
1,000
350,000 4^ (0) g.
RR.,lst M.,g., gu. (see text). Me.
Dutchess Co.
Central Ohio—Bee Bw.iimokk A- Ohio.
67,275,500 Held by
Central Pacific— ( 'omninii stock, 967,275,500
100
12.600.000 Held by
Preferred stuck, 4 p. 0., emu., $20,000,000
1899 500 Aw a60,017.000
4 g.
ref. M., $100,000,000, g., gu., p.A- i.en.Ce.Cfcr 1,349
1st
New 3^s, $25,000,000, g., gu., p.A: 1. end.U».o*4r 1,349 1899 500 Sic. 18,069,500 3i« g.
1899i
....
3
35,287,^30
for U. S. dcM.dtie $2,940,035 half-yearly.
Notes
Old BacUBTTUfl not Exchanged.
515.000
296 1868
1,000
nai. & o. 1st mortgage, series A, gold (ext.)
5sr&6g
.... '86-*89
1.000
124,0
Mortgage gold bonds, land grant, sinking fund
Co liel
retained as collateral for n otea b y U. 8. Government
3 97,000
"I
Auu-
NT Y., Guaranty Tr. Co
A
& D
5
5
5
387,000
1,000
,,sei uritiet.
L890
HotulS— Pruul-
pal.WhenDte.
b
do
.1.
J N. Y., Union Trust Co.
3 In 1902 Oct. 1 N. Y., Gu.T. Co.orSav.
l'pto5g Oct.
when earned.
do
when earned.
do
Dpt»5g. Oct.
5 g. M. A- N \. Y.. Guaranty Tr. Co
M'uthly
4, 000. (too
1,000
payable $31,000 s.-an.c
.1
.1.
1900-1
tr;.-
'
Locou.otn
100,000,
v <>. IbI M. $500,000, gold.U.
Bk. eoU.tr. b'ds,
Equipment
Go* Text.
21
i
KR.*
rent.
kmnnn t
Amount
'ed)—
i:>
1st M., $9,000 p. ut.,eur
2.
do
do
do
do
Road. Bonds Value,
tables.
M not
1st pre!.,
2d
3d
Size, or
d.!Par
[Vol. LXXVII.
I.
A
A
A
A
J.
<fc
Slocks— Latt
Dividend.
1947
1926
1951
July 1. 1947
Nov. 1, 1945
Nov. 1, 1945
Nov. 1, 1945
May 1, 1937
To Mar., 1908
To Sept., 1910
Jan.
1,
June
June
1,
1,
Guaranty Tr. Co July 1, 1920
Savannah, Ga.
Julv, '03, 2*s%
Jul"v, '03, 2»«%
Savannah, Ga.
J
July 1, '03. 2>*
J.Sav.,Ga., Citizens' Bk July 1, 1930
J.
N.Y.,
J.
J.
Savannah and Maoon.
eld In tr ust for ten years, or un til 4 per oent
d on gen eral mortgage for two years,
F. & A. Kid. LT.4 S.I). Co., Phil. "Feb. 1, 1919
Yearly, if earned.
Oct. 1.
Feb. 1. 1949
J. & D. Fid. I.T.A S.D.Co., Phil. June 1, 1940
South'n Pacific Company.
South'n Pacific Company.
F. Sz A. N. Y., 120 Broadway.
do
J. & D
do
Aug. 1, 1949
Aug. 1, 1929
Aug'03-Fb.'O9
I
;
Canon
Colorado Ry.— (3-foot gauge.)— From Mound House,
A'
In 1900
branch, 6 miles.
to Keeler, Cal., 294 miles;
substantially all the stock and all the bonds were acquired by the
Southern Pacific and the road will be broad-gauged and extended
northerly to a connection with the Central Paoltio and southerly to
Molave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1901-02 gross, $347,872.
Adirondack By.- (See Map N. T. Central.)—Owns
Carthage
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
500,000, is Owned by the New York Central RR., which In April,
f893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)
Nevada,
A
Carthage Watcrtoivn
&
SacKeti's
Harbor KK.— (See Map
K. T. Central, j— Owns from Carthage to Sackett's Harbor, N. Y., 29 miles.
Controlled bv N. Y. Central, which owns $483,800 of the stock and
guarantees the bonds. Leased to R. W. A O. for 37 "a p. 0. of gross
earnings. Rental in 1901-02, $44,448; 1900-01. $39,825; in 1899-00,
$43,958. Capital stock $465,845 common and $21,500 preferred.
(atasauqiia
«fc
Ko<rcl*vllle
KK.— Road from Catasauqua, Pa., to
Bittenhouse Gap, Pa., 29*5 miles. Opened in 1857; in 1890 the Philadelphia & Reading acquired control through ownershlpof amajorityof
the capital stock of $ 120.900 (par, $25.) Of the stock $254,125 is owned
by Reading Co., $251,625 being deposited as part security for Read,
gen. mort. of 1897. For year ending June 30, 1902, gross, $111,982;
net, $08,736; deductions, $9,960; dividends, $25,614; bal., sur., $33,162.
Cata\vi»*a KK.—Owns from Tamanend, Pa., to Newberry Jo., Pa.,
98 miles, and branches, 5 miles. Re-leased Deo. 1, 1896, for 999 years
to Philadelphia & Reading Railway. Rental, interest on the bonds, 5
p. c. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. See also V. 63, p. 969, 1116. Of the preferred
stocks in 1903 $2, 200,000 was first preferred and $1,000,000 second
preferred and common was $1,159,500; Dar $50.— (V.72, p. 1187.)
CniHklll Mountain Kail way.— Owns narrow-gauge road from
.1, up the ('atskill Mountain, to Palenville, N. Y., 16 miles; leases
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles.
Stock. $89,000. There are also second incomes for $15,600 6 p. 0.
Earnings. Year ending
First incomes have one vote for each $100.
—
June 30,
$48,409; net, $13,634; interest, etc, $11,848.
1..02, gross,
Cayuga &
SiiMqiielianna
KR.—Owns from
Susquehanna River
and renew-
Ithaca, N. Y., 34 miles. Leased during length of charter
Western at
als thereof to the Delaware Lackawanna
ti
&
a rental of
Corporate existence for 50 years from Jan. 1, 1900.
to Atchison, Kan., 293
miles; branches, 62 miles.
["he $3,459,000 1st 4s of 1899
are guaranStock, (7,585,000.
teed, prtn. and nt., by the Mo. Pac. (see V. 68. p. 329). Form of guarFor calendar year 1902, cross, $1,091,792; net,
7. 70, p. 279.
interest, $238,360: taxes, $90,113:
(271,54
].",;
bai, def ., $50,305.— (V. 78, p. 81.)
Centra] Florida a Bnlf CoaatRy.—Under construction ln Oct.,
rly to Braidentown and Sara1902, from
70 miles, 01 which 11 miles to be completed
sota,
ted to Boca Grande, on Gasparilla Island,
authorized, $15,000 per
liable a c the same rate. Presmile,
rhos. 11. Mo. Donnell,
Tre m., Ob
Owen, Treinont Bldg., Boston; den. Mgr J. II. liawe.- (V. 75, p. 28 )
$54,600 a year.
Central Branch Ky.—Owns Lenora
miles; Jamestown to Burr Oak, Kan., 33
1
I
:
1
,
Central of Georgia
nail
Gordon
Hallway.— (See Map).—System
All
t
to P
Colon
Oolun
u.Ala.
86
156
includes:
net leased— {tee these cos.)
South western KK.—
Macon to Kufaula
Miles
Fort \alle\ to I'ei ry
I'oi
Valley to ( 'ollll'nbus. ..
siniihviiio to Columbia....
Outhbert tO Fort Gaines...
12
71
I
Montgomery
Columb
SO
50
K
Opellka
In
I.ilfaula to
Aul'ii
60
17
Milieu to Augusta
(
85
21
A Savannah KK.—
Cbattah, A Gull
Grillln.Ga ,to(lnit.,Ti
Chlokamauga to Durham ..
Savannah to Tybee
Columbus to And
Macon Junction to Athens ...
Bruton to Dover
ta
144
68
Total oper. July 1, 1902. ..1.845
Ii ldnni
tO Lyons, 5s milcis,
102
77
Seaboard Air Line By.)
Steam ihip Company,
mated equivalent of.... 300
Total owned (and oper'dl
oui.
Organized Oot. 17, 1895, and Nov, succeeded to the
A Banking Co. of Georgia, fori
v. 60, p. loon and V. 01. p. (is
Cu
iiome A
Southern v
June 1, 1901. V. 72, p. 674, 721, 987, 1184
8to< i;. $ ..'ion. 000 held by interests allied with Southern Ry.
r
(desorlbed Ln V. 63,p, 1160) li
first mortgage of I8'.».
Bohds. i'
arfr.i/
line from Atlanta to Savannah, lnolnd
II equipment
and appurtenMillcdgevllic branch (312 111
ances and the canity In $1,995,000 ol the capital stock ol
steamship
nan. Trustee, Guaranty Trusl Co. of New York.
was paid on loean Steamship stock in 1901 2. V. 75, p. 439.
A pplleatlon for listing firsts and consols. In V. 03. p. 1 160.
consolidated mortgage (see abstract in V. 01, p. S73, also see
V. 63, p. 11 CO) is a first lien upon 580 miles including former
Barnes\
iiie
to
Tbomarton....
l»i
(leased to
1
>
1
(
1
|
Mont. Si Eufaula RR., Sav. Si Western and Sav. & Atl.]; also on
the leases of the South Western and Augusta «.t Savannah roads and
the stock of New England & Savannah Steamship Co., and a second
lien upon the main line, its equipment, etc., and also on the Macon
It also covers all leaseholds, securi<fe Northern and Mobile <fe Girard.
ties, etc. It may be increased to $18,500,000, at not more than $500,-
000 in any one
ye.ar, for betterments and equipment.
Macon <£ Xorthem Division bonds are also direct obligations of the
Central Ry., with rlrst lien from Macon Jet. to Athens, Ga., 102 miles.
Middle Georgia <6 Atlantic Division bonds are issued at $9,000 per
mile, of which $8,000 was for purohase of road and $1,000 retained
by Cent, of Ga. for betterments; subjeot to the Eatonton Branoh
bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
M. Ga. & At. Division.— (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
The preference income bonds, subject to the prior mortgages, cover
the main line and the former Savannah <fe Western, Columbus «fe Rome,
Montgomery & Eufaula, Mobile & Girard, Maoon <fe Northern and
Savannah Si Atlantic RRs., and their equipment, etc; also all
leaseholds, securities and equities of properties acquired by the new
company. They are non-cumulative and bear interest not exceeding 5
per cent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust.
1896. 1897. 1898. 1899. 1900. 1901. 1902.
Dividknds—
)
2>4
2
2
On let pref. incomes. $ l>a
3 1*
5
3
Collateral trust mortgage abstraot was ln V. 45, p. 242.
Chattanooga Division mortgage is a first lien on the former ChatThe
tanooga Rome & Southern RR., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chlckamauga, Ga., 17 miles, with
branches, ln all 155 miles, subject to $343,000 old 5s, for which a like
amount of bonds is reserved; $217,000 being also reserved for additional equipment and improvements. V. 72, p. 1134.
LATEST Earns., 11 nios. / 1902-3.. .Gross, $«.495,313; net, $2,009,544
July 1 to May 31.
7,191,827; net. 1,841,715
\ 1901-2.. .Gross,
Annual Report.— Report for 1901-02 in V. 75. p. 439.
1902.
1901.
Tears end. June 30—
1900.
$7,750,091
$6,920,715
Gross earnings
$6,086,263
5,531,039
Total operating expenses
4,778,148
3,997,748
269,171
213,411
Taxes
208,657
Net earnings from operation. .$1,950, 181
$1,929,156
$1,879,858
1-7,359
201,074
From steamships, etc
231.463
Total
$2,151,855
$2,116,515
$2,111,321
DEDUCTIONS FROM INCOME FOR YEAR 1901-2.
Total deduct's from lnc.$2,o
Net income
122,940
Officers.— J. F. Hanson, Chairman Board of Direotors, Macon, Ga.;
President, John M. Egan, Savannah, Ga.— (V. 77, p. 88.)
Central Uansai li u*et t* KK.— See Boston & Maine RR.
Central New lai^land Ky.— Owns from Campbell Hall, crossing the Hudson River at Poughkeepsie by its own bridge, to 811yernails, 58 miles; and leases and controls Hartford A Conn. Western
Interest on funded debt$l,663,900
365,015
Rentals, etc
I
|
RR., Hartford to Khineclill', 109 miles; extension from Tariirville.
Conn., to Springfield, Mass., 18 miles, operated from Sep 1902; total,
185 miles; also Dutchess Co. BR., Poughkeepsle to Hopewell June.,
12 miles; trackage, 1 mUe. V. 72, p. 1279; V. 73, p. 337; V. 76. p. 435.
Organization.— Incorporated ln January, 1899, per plan ln V. 66
p, 574, :iml V. 67, p. 789. as successor of Phil. Read. A New Bng. KR.
sold ln foreclosure Oct. 6. 1898.— V OS, p. si. i„ January, 18
899, persons friendly to Boston A Albany acquired a large inten
V. 68, p.
41. 84. Owns $1,390,000 Hartford & Conn. Western stock.
Stock.—The stock Is to be held In trust for ten years, or until 4 p. o.
Interest is paid on general mort. for two years.
,
Bonds.- Of the first 5s, $650,000 were issuable at once for assessments, line t.i Springfield, etc., and $600,000 will be reserved for Immerest on butchess 'o. KK. Ilfsts reduced to 4 4) p. o.
provements.
K aknim.s. B months ending Mar. 31:
Si i.
( in. Income.
max. - Gross
Charges.
Balance
8
$115,^72 def. $8
1902-3... .$441,553
$76,469
$6,085
116,95'
1901-2 ... 445
6,588
Lsur.
7,113
116,059
.vw.
Charges.
Ymr rial. Ju)ie30—
Balance.
-:»,026
(598,965
$155
190] 02
711.7.")'.t
170.
1900 01
,718
20,938
on ICER8. 0. W.Chapin of New York, President; .1. K. O. Sherwood,
Iieas, and Q, A. Heller, of l'hila., Sec'y.— (V. 70, p. 17.
See II. A O. KK. Co.; also V. 70, p. 75.
Central Ohio
(
I
53
BR.—
olumlila to .seiiersvllle
r.
A .T N. Y.. 120 Broadway. Jan. 1. 1918
do
A. .V O.
do
1936-1939
d $3,88 1,270 additional return ed by Govt.
-
<
.
KK.—
Centra] Ontario k>. v. 74, p. 1804 v. 76, p
Central PaelflC Ky.— C-s'<< Map of Southern Pacific.)
un s owned—
Miles.
Brandies to Ban Joae,
San Francisco, Cal., to near
Miles.
I.
Ogden, Utah
871
Ira*"/,
etc.
35
a
Latnrop, OaL, to Goaben. OaL L46 Into Ogden, etc
11
Kosevilie Junction, Cal., to
Oregon Hale Kino
296
Total
1,359
organization.— incorporated in I'tah in July. 1899, as suocessor of
the railroad under the plan Of readjuM metit in V. 68, p. 378, by whioh
the Southern l'acltic acquired the entire capital stock and guaranteed the principal and interest of the two new Central Pacific bond
j
1
1903
Ji i.v
RAILKOAD STOCKS AND BONDS.
J
Mubnrrlbera will confer a great favor by jilvlng Immediate
HAILKOAl>8.
For explanation of oolumn headings,
on
page of
ilrst
Miles
tie.,
,
All.
l
1
N. Y. A I.. Mr. Ken. M., g. it 192.000 5b) ....
L.-.-H. m
Leh. & Hud. lii
Jolntlj <
, g., roar.
texl
J. City bonds, guar, (part yearn D
aent.liK.of}', wn
00,000.
Central of South Carolina 1st mo
Central Vermont
A t.
let M., $12,000,000 gold, trafflo gnar .\
M gu. |>. .t L.O
Montn-a! & P«n Inoe Line Rj
Chart. Cleiul.it Sut.-- IxX M.g.,$30,000p. tn.W
1875
1888
<
88
i
1881
1*91
.
FP
Bo
Char
Chariot tr
M
nror
it
t
42
ML
I.
89
340
«
per mile)
1881
i.
i
r.
i.
•
Various
5
1 J. 175,000
1,000
1.000
11,000
4.987.000
1,000
1,000
4
1,7
1.000 a 1,06
.
lo
do
iaaw
M
1910
8
A
5
July
1.
July
J
I
1.
g.
.1.
a
M.
.V
}*
N Y
J.
:
.
Hank.
I)
At
1
-
1.
1,
1920
1 950
1944
Oct
I.'!
May
Oct
N. I'hll .Fid.
1.
1.
1946
1947
1943
1921
1,000
0,000
ll.ooO.000
4
O..-F.
g.
4 |
70.0C0
byOraadTrunh
00 held
i
200,000
2,000,000
1902
1896
1890
Bos..
Am
A
1..
I
5 g
on registered bonds
1,000
1,000
1,000
1,000
5
A.
g.
o
.V
Phil
V\
2,7.
July
600,000
50
OAarlier*— Stock
o'
1st mortgage. $625, 000, gold.
ahateaugau UK. Stork
Ohateauuati W y -\»l M.. gu. p.Al.Otee V.73,p.l 63)
! .$110.000.
Alt
Chati«
On coupon bonds JAJ;
g.
1
100
1899 lOOOAc.
ioo ato.
1894
1,000
Augusta By. Terminal 1st M.jg.j gn^p.A L end.Ce
Charlotte Oolumbia d Augusta— Bet BOVTBl R» Bl
H
5
i:k
.
p.i
i
6
1,000
1,000
MM
.
e An.. Coast
Columbia -lsl M -
Ohurl.it West. Car. -1*1
Income M., v.,
i
-Laat
17 u, loo
,
1
..
pa
1883
1.000
1887 SOO Ac.
L899
1
.
.
In ih.
«t
.ding
<
-.
dl»<
Amount
see
do
early May
Real estate boml and mortgages
Guaranteed Bonds—
Leh.A Wtlkesb
a gu.,p.Al ,ext. In 1 900
5sof 1912.slnk.fd.noi guar. (nut drawn) fi*
Am. Dock a unp.Co. lstM.,gu., redeem, at 110
ill.
an> error
ix.tl. t <>r
tables.
Cent. Jtlt. of \. ./.—Stock ($30,000,000 author.
Convert, debentures, convert u
i«-n. M.Ti.r *-"»«». 0O0.OOO, g.Ce.cti
Cent.RR.of N.J
Equlpm't M Ser. A 1170,000 dun yearly June
,
Dat.
ri*
23
1901
m
l.Ooo
625,000
75,000
200,000
100
39
10
1887
1900
1,000
A.
8 t
7 In
1902 A.
3»s
A.
if.
6
F.
5
(?)
J.
&
N.
O.
&
A
O. Co.'- 0000,
O.
do
A
A.
A
J.
shown above. The Old Indebtedness, including the U S. loan,
excepting about 8686,000 bonds, has been dJaehargecL
STOCK— (1) Common nlock. +07,275,500, all held by So. PaO. Co.
(2) Prefe rred $toek, 4 percent cumulative, authorised Issue +-'0,000,000, to be delivered to Southern Paelflo Co. tn consideration of issue
per cent collateral
Paolfle Co.
Of equal amount of Southern
triMt fiiiii bonds; of which delivered on completion of readjustment, $12,000,000; reserved to be delivered only t<> provide additional rojids, 11 required, for the paymenl of 3 per cent notes to the
thereafter only for betterments and add
United
$3,000,000; reserved to be delivered tor Improvements and additions
at not exceeding 1300,000 yearly, 16,000
Bonds— First refunding If. gold 4s, $100,000,000, secured by all
the railroads, termln. ils and equipment now owned, Including about
1,349 miles of tirst track, etc., by deposit as collateral security of over
Is.
Of the authorized issue
95 per cent of the old uiorl
$35,237,000 is held !>v the United States as collateral for 3 per cent
notes. See Abstrwt. V. 89. p. S08, and V, 70, p. 789.
Thirtu gear gold 8*ts, 825,000,000, secured by a second Hen
upon nil the properties covered by the 1st ret mortgage, and also by
deposit with the Trustees
soqulred or all securities and moneys held
In any sinking fund of the Central Pacific BR.,
Fuly 1,1902,
trusi
of 89,833,000 in securities ami 81,169 cash, end by
upon all the land-, covered by the mortgage dated Oct. 1.
>1.
Prom the pro
Bee Mortgage Abstract, V. 89, p. 858; i
oeeds of these sinking funds and land sales cancellation of bonds will
'D 3sjs were
be made from time to time; In February, 1900
oik) additional had been canceled
canceled, ami to Apr 19
\
reducing those outstanding to $18,069,500
70, p. 739; V.70. p. 1194.
Tirriity tin.
aggregating $58,812,714, Issued to
paid, leavthe Government In settlement of subsidy debt; J^7,630 to mature. +2,940.635 half-yearly thereafter to Feb.,
1909. First refunding 4s are deposited to retire thoin when due.
Land Grant.— Total land grant was about 12,000,000 acres, of wblcb
about 6,745,388 acres remained unsold on une 30, 1902. Sales In
1901-2, 111.011 acres; cancellations, 16,821 acres. Lund contracts
July 1, 1903— principal. 81,0 i. 'JO; average price per acre, $5 07.
General Kin \nvis— Cancellation of the 3>«b of 1899 is being
effected from time to time from the proceeds of the sinking funds and
also from land sale-, +-'.505,000 of the bonds being thus retired early
In 1900. V. 70. p. 279,
Earnings. -lo mos. > 1903-3 .. dross, +17,291,1 17; not. $t. 807.830
Jul\ It.. kpr.SO
(1901-9
Gross,
17; net.
6.2S
For6mos. ending Deo. 31,1902, net, $5,204,905; fixed charges,
bal, Mir., $2,908
02,801,619;
Rki-ort -In 1901-03. gross, $80,191,111; net, $7,632,435; other
Income. .+ 1. 000.970; int., taxes, sinking funds,
116,715; baL,
sur.. $3,715,720
In 1900-O1
.083.—
(V.7l.p B88; V. 75, p. 239; v. 76, p.
Central Kit. of I lid la na.— Mui.cie to Hrazll, Ind., 137 inr.es, of
which Brown's Valley to Band Creek, 12 miles, is trackage, sue
a Mar., 1903, to the Chicago A Southeastern Ry., foreclosed
V. 76. p. 653
Feb, 19, 1903
Controlled by the Cleveland Cincinnati Chicago a. St Louis and Pennsylvania kk. interests, stock
authorized, $ 20.000; new bonds. <n
President, Joseph Robinson.— (V. 76, p
Central It It. <>l \c\» .1 i-rwj .— (See Man 1'hila. it Reading Ry.)—
Operates Hon Jersey City, opposite New York City, westerly to
Wukesbarre am Soranton, Pa., and the neighboring anthracite coal
fields; also southerly to the seashore resortsol New j.
num. Lehigh A Susquehanna, PhilLines owned in
Jersey City to I'hilliimburg
UpsburgtO Cuion June. .etc. t.171
Sundry branches
82 Wilkc
...
5
Entire stork- owned.
Lehigh A Lackawanna
36
New York A Long Branch RR.,
Other lines.
Perth Amboy to Hay Head.. 38 Allen tow n
New Jersey South'n KB., Long
Tract
Branch to Atsion, etc
76 Union Goal RR
10
Other lines (no debt)
141 Lehigh A New England
2
Leased mostly for 999 yrs.j Miles.
;ow Branch
Issues
I
I
m
Apr.
!!••
.r.1,'03,4%
1, 1931
de
V. Y.
i
Oct.
Aug
1.
Am-
a Guaranteed Jointly with Le high Coal
Q.-
Y Oeai.Tr Co
1907
,1920
i
or grnrral mnrt
y nty
bonds (V.68, p. 128) w 111 be taken up by C. RR. of N. J.
is for +15,000,000; the bonds, formerly
The 1.
7s., of which $12,175,000 he
1, were in
See guaranty, V. 71, p
44) p. e. and guaranteed, prln. and Int.
Jointly and severally with the Lehigh Coal A
002,000 i.eh.A Hud. Hlv. Ry. Cen. as, prin. and int. See V. (17. p. 7-"-.
Earnings, ii mos.,) 1902-3 ...<
K)1,7K>; net, $5,404,428
July l to May 31.
( 1901.2... .Gross,
15,181348; net, 5,70
Annual
tanged to end June 30.
LL KKI'ort. — Fla
meeting was held on May 8, 1903, and will be hereafter on the Friday
following the third Moiidav in September. Of the 16,256,821 total
tonnage In 1900. 6,252.628 consisted of anthracite coal and 10,004,163
oral freight, against 5,736,912 authrae
freight in 89
The report for 1901 was In V. 74, p. 573, 5-a.
i
'
..
1
editorial, p. 551.
1901.
.31.
Fsor
Merchandise
$5,('~
Coal
7,230.817
2,602,746
Express and
iu
ill
-53
Miscellaneous
Total grossearns.
Net earnings
rail line
87.461,4
1.903.135
Other Income
1,757,702
Total net Income
•
Interest on debt
+2.7
-4,598
..OO.'
,
,
i
.1
.
Centals paid
Taxes
Renewal
402,949
f
t
Ogden Mine RR.
10
1
Nesciuehoning Valley
tf
17
Total operated Jan.
1,
1902.. 677
See this company, See Lehigh Coal A Nav. In "Misc. Cotnp
There are 261 miles of second and ISO miles of four tracks. With the
Bait. & Ohio and the Phlla. A Heading operates the "Blue Line." using
the B. & O. tracks from Washington to Philadelphia, the Reading to
Bound Brook and the Central N. J. to Jersey City.
History.— Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia A Reading. Receivers were in possession from
Jan. 1, 1887, till January, 1888. Reorganized in 1887 without foreslosure— see plan V. 44, p. 714. 710. Concerning coal proper
Lehigh A Wllkesbarre in Burr, of Jan., 1903 (p. 150*. and Lehigh Coal
A Nav. in "Miscellaneous." In Jan., 1901, control passed so the
Reading Ry., which acquired $14,500,000 of the stock. V. 73,
86,136,241,301, 721.
Drv.— J'91. '92 to '94. '95. '96. '97. '98. '99. '00. '01. .02.
1903.
P. c.l6ia 7 yearly.
5
4
5
8 Incl.Aug.,6
5
5»s
4k 4
11
il,781
(534*1.
+1,652,968
I.
-
p.
581,679,
72':.
9so, 1353.
Of l*eiui«yl\ aula. —Owns
Hellefonte (Hen
Itlt.
to Mill Hall, Pa. (on Beeob ('reck RR.) 27 miles; branch, 5 miles;
tan] V al. RR., 7 miles. Current Uabllltl i June 30, 1903,
$514,671. For year 1901-2,
73j charges,
1.
deficit, $28,293, Stock, +1,200,000; par.
Central
Central Hit. of South Carolina.—Owns from Lane.
S. C, 42 miles. Leased to the Atlmtl
-
Hunter.
lock, $170,000,
In
i
year 1897
rental
.
gro-s,
.i-.
$95,286; net over taxes, +36,019.— (V. 64, p. 887.)
Central Ity. of tfei* Bru n» ivlck .— See page 47
Central Vermont Ity.—Operates from Rouse's Point, at north end
of Lake Champlaln, to New London. Conn., with branches 531 miles in
all
of which 218 mil. -s leased, vi/.:
co. I,
1)7
in
Montville
;
1 5
r.
.
:l;
New Londo
Montreal
Pr
A-
10,
.
OkOANIZaTION.— Succeeded May 1. 1899, per
V. 88, », 1076.
p. 735. the Central Vermont Kuitroad, tpreeloaed,
Seci
—The Grand Trunk Hv. holds +J,18".,100
00.000 stock, and under a traffic
i
of
i
deficiency In earnings to meet Intel
d Trunk gross receipts from trail
Hrovince Line Hy bond-, see above. — V. 71. p
Ri.tort.— For year ending June 80, 1903, in V. 75,
Tear.
p.
1
198,
showed:
1901-2
662.297
10, 100
barles M. Haj
(V. 73, p. 956, 1361;
3,274,155
:
-
Cliarlenton Clendeiiiiin A Sutton
W. Ve., to Big otter. 64 ml
ton,
It It
I
.—Owns
road. Charles
i
BtruOtJng the Coal
connection with
through line to ci,
and Roaring
a
I
i
'
n
r to a poll
Dee.. 1902, Senator
.
H
nd contem]
35 miles. \
$100; outstanding Jan. 1.
First mortgage Is for $3,000,000.
Y'ear
V. 7d. p. 179.
In
I
endli
total de.ln
i
,
:\
inds, etc
Olvlden
Balance, surplus
i
I
2,138,607
2.3". 1.717
85,242.
President, H.
Washin
IOO,
I).
<harle-i..ii
(
lnirl.'»l(iii
'
1
—(V. 76,
p.
1398; V. 76,
A Vavaiinali Ity.— See
A AVestem Carolina
112 m.. and Spartanb
rt.— A reorganization and
Port Royal A Augusta and Port Ho
at foreclosure sale by Thomas <fc Ryan, w
Augusta,
p.
ATI.
I
v
lli.-
(in.,
of the
il
st<">ck
to Atlantic Coast Line
issue of inc.
V. 66, p. 38. 335.
i;.— $1,200,000; par, $100. A full statement as to Augusta Ry.
Terminal Co. and its bonds was in V. 66. p. 383.
EARMNOS.-For year ending June 30, 1902. gross. $963,760; net,
$252,521. other income. $4,181; taxes. <:j3, 200; charges. $192. .30;
and large portion of
In December, 1897.
Its
26
INVESTORS'
SUPPLEMENT.
I
Vol. LXXVII.
«
July,
1903.
1
M
RATLKOAD STOCKS AND BONDS
|
RAILROAD.
Miles
For explanation <>r oolamn headings, Ac, see note*
on first page of t.i
Chattanooga Southern Slock (8750.0001a
Chesapeake Hear h 1-t M.,
CheMapeakf <t O/i/o
Mortgage 8a, gold,
-I |
.(I
iin-IT Sgl
I
.1.
,
34
1'.M.
A
<
1898
lOO
l.OOO
1,000
o.)
text. « <• o*
Bee text.c-
,
1878
\
75
<
ism
1,174
1892
Greenb.ANew
Oar truata, pavable monthly on 8,700
Car trusts on 2."> toco, and ,000 oara, pay. ann'ly
Car trusts, ser. B, g
UP
annually.
Oar truata, aei
5
500
1
2,000
6
5
000
000
do
<lo
do
5
do
do
do
iVuir.A
g.
•mitf.
B
B
ooo
l.OUO
1
<
ittlc.
<
g.
g.
**•
I
800,
g.
g.
l.OOO
1
2,00
OOO
A-
A
A
1941
A. (iir.ini Trnsl
Rlohn
....
.
:'50,
do
a
1?
ODD
1000
1809
1H0J
i
J
ft
2*
.to
L890
"18
1
J.
g.
lu 190-'
8,013,
1,000
1,000
1,000
1.000
I
UCAKANTKED
whom.
18,000
1,000
l.ooo
252
252
26
25
.
«
>"^^"'i"'-
8
.
Craig Valley branch 1st m
Warm Springs Branch 1st mortgage, gold
General mort. (for $70,000,000. eto.) gold.
Ktneon Coal mort, assume I, re I. beg
Value.
|100
pi
lMt inort.,or l'.il
IVnm. Kxt., gold.
Ter'I 1st m.,1922, oo
letoonsol. mort. for 830,000,000. gold <
Rich. <fe All Di v. let oon. M., g. Beetexl
<•
2dcoiiH. M.,Klch. \l,i. I.ynchb. to Clifton F.Ce
1
1
tonda
•
S7
ooo
<
i
I-
Elevator Co. 1st M., gold, p. A guar
2d mortgage, for $500,000, lnc<
non oum o'
O. A o. BS. ltd m. deb. red. at par, go., p. d
Lo.AJefl.Hdg.l-i M
,gu .p AL.en 4.1
Norf. Term'l a Iran-. 1st M., 1500,000, gu. p. 41.
On
lMt mort
i
83,000,
Passenger A Bell ic (Lei K .), isl mort., gold
Big Sand] Bj lit H.. 84.000,000. gold
Chesapeake Western Stork ($408,400 It* pref.) ...
0. a \s i-t mortgage, gold (825,000 per mile) <«>.
Ches. West, new inort-'a-'f. .fi
15,000, gold., o*
1888
<
I
1.OO0
1.0OO
•,
•
i
,
.
B 30,000
"4
1,000
1,000
1,000
1895
1898
L900
5
4
1,000
1,419,000
H Guaranteed jointly and severally with ('lev. cm. Chio. A Ht. L.
blnoln
00 In the treasury June 80 19 02.
USer. "A"..'
aiio.ouo
New
M. A
York.
Jan.
l.U'.r.oo
1,000
Morgan
f.
000
100
Jan
Loud
(T.T..J.P.
g.
5
2,0oo
2
do
8
5 g.
4 g.
113,000.000
i
.
4
aJd 70,000
.
.
l
27
41
1896
1901
868,000
surplus, 820,778. President. J. B. Cleveland, Bpartanborg, 8. (;.;
Secretary, James
Poet, Wilmington. W. C. -(v. T.t. i» 120
Chariot ir nonroe A Colombia Kit.— Mriiv, B. c.. on Bss>
board Air i.lncto Hamburg, ii miles: extension to Jeneraon. 11 miles,
waa omplot.il July, 1908. Btook. $48,000. in 1902 filed above mort
lu'f to tin- Richmond
-.i~i
a Bale DeposltOo., a-* trustee. V. 75,
i'or year ending Jan. 81,1903 (H miles), trim, $18,859:
p. 1080
net, 818,984.
President, Ernest Williams— (. 7.>, p. io;to.)
!•'.
<
1
i
1
Ch irilrr> It y .— Owns from Carnegie, Pa., to Washington, Pa., 23 ni..
Leased till 1971 to the Plttaburs Cincinnati A st. Louis (now Pitts
burg Clnolnnatl Chicago a Bt I. outs); the rental Is net earnings.
Capital stock, 8840,300 (par 850); Pennsylvania Oo. owns $333. S50.
Divii.i.no.s- ) VO. '01. '!»j. •;»;>. '94, ".»:>. ''Mi. »87. "98. "99-*02. 1903.
slnce'89 (p.o.) { 5>a 7"o 8
10 10 8
9
10 10 7 v'rly Apr. ,4
Karninob.— For year ending Deo. 31, 1902. gro
5. net
$190,601; other Income. $11,166; Int. and other oharges $24,314; lm
provementa, 844.044; dividends, $45,171. in iooi, gross, 816
net, $136.727.— (V. 73, p. 615.)
(Iniicaii^ii) Kit.— Owns from Daunemora to Lyon Mt., 18 miles,
and leases the Ch
Railway, Lyou Mt. to Saranac Lake, 89
miles, and the Platteborg a Danne
ra KR. (so-called), Plattstniru
to Dannemora, 16 m.; total of tlic^t^ lines, oxtfnilini; from I'latt8t>urg,
N. Y.,on tho Del. Ai aodaon, Codaranae Lake, 7.* miios. of whleh Lyon
ilen, \*
Mt. to Plattaburg, 31
standard-gauge, the balance narrow,
to be converted in 11)03
V. 76, p, 101.
file PL A> Dau. is leased from
•
the State of N. Y. lor one dollar and the free transportation of freight
to the state's Prison at Dannemora. TheChateaugayRaUwaylaleaaed
for uterest on Its bonds, which are guaranteed principal and Interest
by e Delaware A Hudson Co. (See V. T.i, ]>. 1888.) Built 111 Interest
Iron Co., and to oarry summer travel to th«>
Chateaugay Ore
(llrondacks. In January. 1897, tlio SaranacA- Lake Placid, 10 miles,
as leased for 17 years jointly with the Chateaugay Ore A Iron Co.
The Delaware A Hudson operates the entire system (S3 miles) under
an arrangement (probably temporary) since Jan. 1, 1903. Stock,
$75,000 (par *100.)
For 8 inos. ending Sept. 30. 1902, Kross, $88,631; net. $19,618,
against $20,589 lu 1901; charges. *7.4 K); baL, TOT., 818,178.
Kki'ort.— In year ending June :i(), 1908, gross, $256,764; net,
38,017; rentals and taxes, $31,691; balance, surplus for year.
16,126. In 1900-01, groae, 8264,189; net, 888,708.— (V.78, p. 47, 101.)
I
&
•>
Chatham
Ac
Lebanon Valley HK.—See
Rutland RH.
A
< lialtaliooc hee
ii u If IC It.— Completed In 1900 from Columbia. Ala., to Sellcrsvllle. about 88 Ullies.
V. 71. p. 806.
l.i \hi:. -- Leaaed In perpetuity to Cent, of Georgia Ry. ford peroenton
8273,400 atoek and 8300,000 bonds, of which l p. o. to be used as a
sinking fund for retirement of bonds, upon completion °' whtoh rental
will be r i> c. on sto< u. payable J J.; additional stook and bonds win
belssued at about 4.500 each per mile for oxtenslon fro n Sellersvllle
'
to Floralla. 2-1 milos. v.:. p. 848, 1146. Bee Central of Qa. By.— (Y.
70. p. 1194; V. 72. p. 820; V. p. 75. 848, 11 16, 1801.)
Cliattahooc-licc \ alL-y Itlt.— West Point, Ga., to Jester, Ala.,
16^ miles, stock authorised, $1,000,000; outatandlng, 81 10.000; par
of shares, $100. Bonds, see table above For year ending Nov. 1,
1902. grass, $31,602; net, 813,974; Interest on bonds, $6,uO0; dividends (5 p. a), $5,500; bal., sur., 88,97 i
Chattanooga Southern Kit.-Owns road, completed In June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 miles; trackage to Chattanooga, 5 miles; sidings and
spurs. 10 miles; total of all track, 105 miles. Suooessor to Chatta
nooga Southern Ry., sold In foreclosure Feb. 14, 1895 plan In V. 61,
p. 830, but in July. 1902, the new securities had not been Issued.
The new lsts were to be $5,000 per mile on present mileage and $10.000 on extensions; and the Income mort. 5s, $750,000. Y. 63, p. 401.
Earnings.— 11 mos., ) 1902-3
Orosa, $112,271;
net, $9,685
July 1 to May 31. S 1901 2
Gross,
88.619; op. def.. 22, 106
Year ending June 30, 1902, gross, $98,185; def. under oper. exp.,
$21,603. In 190O-O1, gross, $92,843; def. under oper., $38,512.— (V.
63, p. 823.) Sec, E. C. Osborn, 3 1 Nassau St., N. Y.
Chesapeake Beach Kail way. —Washington, D. C, to Chesapeake Beaoh, Md.. 34 miles; to be opened May 1, 1903. Stook. $1,000,000, all outstanding; par. $100. President, Hvl. T. 8mlth; 8eo A. H.
Lewis; Treas., Fred. w. Moffat. Office, 1420 New York Ave.. Wash.,
D. C. (V. 69, p. 228; V. 75, p. 980.)
;
,
Chesapeake A Ohio Ry.— (See Map.)— Operates from Newport
News
Va., and Washington, D. C, to Cincinnati, Ohio, with branones.
Lines oicned in fee—
Miles.
Lines leaned
Miles.
Greenbrier Ky.
port News via CharlottesDurbiu toWhl tcomb.W.Va
96
ville to Ashland, Ky
512 Sundry branches leased
27
Richmond via Lynchburg to
Operated under oontract
21
Clifton Forge, Va
232 Trackage to Louisville
84
Branches In Va. and
Va.. 181 Trackage to Washington,
Lines controlled by stock, tic.
85
Maysville A Big Sandy RR.
Other trackage.
21
Ashland. Ky., to Covington, 143
Bridge— Covington, Ky., to
Total system June 30, 1902 1,636
Cincinnati. Ohio
2 Of which narrow gange
19
Lexington A Big Sandy Ry
185 Second track
149
4'
Othet lines controlled
Also owns one-sixth interest in the Richmond-Washington Co.
—
Old Point Comfort and New-
W
—
. .
DC
5 g.
Coiitln. Trust. N.
\
4 |
New
O.
.
.1945
V
York.
(irt.
I
called yelarly at par.
M. a n.
.
Thebraneh from Whltoomb up theGreenbrier Blver
miles, to a connection with
Cent
tii
v
to
pened to
Pin
the balance b< In
oidy In
on from Wlilteliouse, Ky.to the
Virginia, aboal so mliea, under eharter ol Big Band] By., waa under
construction Apr., 1903; otl
ma under construction June
bOUt 93 miles; , 1T V. 75, p.
30, 1902, hli
iiue
1,19
>1.
|
ElSTOBT,
4(0.
I
In-
A Ohio
tormer Chesapeake
imik to
olosure April 2, 1878, and this company organised, in 1868, under
the direction of Drexel, Morgan 4 Co., reorganised without fore
and the road extended to Clnolnnatl The consolidation with ti
niond A Alleghany was consummated in January, 1890. The Elisabeth
town Lexington A Bit; Sandv and other roads were absorbed In 1892.
CAPITAL stock.— Common stock is $60,529,500; Increased froiu
$45,000,000 to this hgure since 1892 through exchange of practically
all the $25,000,000 of preferred stooks (or common Btook and general
go 4»« per cents in certain proportions, h^irst prefer
$10,800 and second preferred for 8600 only was outatandlng Nov
30, 1902. See terms of exchange In v. .">4. p. 642 Stock may be reduced
by majority vote of stockholders If deemed desirable. V. 7(1 n 175.
UrviDKNDB.— Oct.. 1899, 1 p. c; Nov., 1900, 1; Nov., l'JOl, 1; Nov.,
1902, 1.
Honds.— Abstract of oonsol. mortgage of 1939 in V. i'J. p 117; of
Richmond A Alleuln-nv mortgages iii v. M, p. 1 14
The general mortgage of v.»2 central Trust o. and S. T wiekhani
r mile
trustees) is for $70,000,000, but additional amoi
may be issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 consols of 1889, issued or to be Issued, etc. The balance uni-sued may be
sold for new acquisitions, rolling stook, etc., but not more than
rathe entire
$2,000,000 thereof In any one year. The ino
property of the company, real and personal, at the tu
mileage
property
and
deed was made, and all additional
acquired with the proceeds of the bonds. See full abstract of mortgage
v
Feb., 1903.
n
In
.1. p. |644; also V. 54, p. 642; V. 55, p. 335.
uio.000
$34,833,000 had been listed on New York Stock Kx.
having been sold for construction and Improvement-. Y. 76,0.381.
The Louisville it Jeffcrsonrille Bridge bonds, of which >:f.OOO,000
an outstanding, ire guaranteed Jointly ami severally by the Chesapeake A Ohio andCle\( land Cincinnati Chicago ,v Bt Louis; any deficit
int of the bridge is payable by them in the proportion of onethird and two thirds respectively— see V. 60, p. 180; V. 61, p. 327,
:..">!•:
V. 68, I>. ^ and separate statement for L .\: J. Bnd.
Of the Greenbrier Hi/. 4s of 1900, guaranteed principal and Inl
$1,000,000 are reserved for extensions ami Improvements See guar
anty. V. 72. p 626; see also V. 71, p. 551,602.
Tiie car trust-, -erics H, nn er equipment costing $2,343,120, Including 25 locom iti\ e-. .o io -tei
i.-n box cars, 400
wooden gondolas, etc; series 0, l.OOO gondola
889, 888.
Operations, Finances, Ac.—Since the reorganization in 1888, when
the control of tin* company was placed for live years in the hands of
trustees, the property has been greatly enlarged and Unproved.
In Jan., 1900, Pennsylvania interests purchased a large block of
stock, and with the Morgan Vanderbilt interests now own a majority
of the stock
Y. 70, p. 75. 632; Y. 72, p. 480,
On June 80, 1902, the N. Y. Cent A Hud. Rlv. and Olev. Cin. Chic. A
.isj,455
st. Loula owned atook representing ouUay a reepeotl
Jan. l, 1903, the Pennsyl,458.569. Y. 7i. p. 898
vania Rlt. proper owned $10,130,000 and the N irthern Central $1,
500,000 of the stock.
i. and owns
The C. A O. 88. Co line was formally op
six steamers, using the railroad wharves at Newport News. The CoastJ
wise 8S. Co.. whose $636,900 bonds were purchased in 1899-0. OS
ocean tugs and 15 barges and leases 3 steamers. Y. 71, p. 554.
i
1
(
i
I
1
•
H
KwtMNGB.— 11
mos., ) 1902-3 .Gross, $15,1 s6,.v>l net, $5,1
15.330,355, net. ...?_
July 1 to Mar 81. $1901 a
nsl 17,226,For 5 mos. liiitug Nov. 30, 1902, gro--.
net lucoaie
429 in 1901; net earnings, 81,806.467; fixed
10.
from other souroes, $1,528,327; balance, sur
Annual Report.— Fiscal year ends June 30. Annual me«
held at Richmond on the Tuesday preceding the last Tuesday in
October. Report for 1901 02 waa given in full In V. 75, p. 547, 561.
and showed the following. See also editorial p. 527.
Traffic.— Of the total tonnage (10,904.165) in the year 19014)2, coal
and coke furnished 5,972,667 tons, or 54 per cent of the whole;
products of agriculture furnished 8 per cent. The average rate reon all
ceived on seaboard coal was only 307 mills per toi
freight, 4 02 mills. Average train-load, 259 tons In 1892, 509 In li*01-2
1900.
Tear ending June 30—
1902
Miles operated
1.636
1 ,076
Passenger earnings
$2,954,919
c.,144
Freight
12,833,806
-, mall and mlsoel.
735,653
;
-
1
1
Total earnings
$10.
Oper. expenses and taxe-
Net earnings
Other lnooine
"•
$5,702,043
136.431
148,371
Total and net Income. $5,839,474
$4,462,803
98
INVESTORS' SUPPLEMENT.
Vol. LA'XVlI.
.
July,
i
RAILROAD STOCKS AND BONDS.
1903. J
RAILROADS.
__.
.„,
Miles Date Slxe.or
Amount
Par
of
of
For explanation of column headings, Ac, see ncteo.lMV^.WVw,.,
on first page of ta
Road Bond* Value. (juujtauuim.
RR —
Stock, rental P. A R. Ry
«fc Alton By.— Coin. sto< k. $20,000,000 ...
Pref. Stock. 4 per cent. non -emu $20,000,000.
First lien M.,$22,0t O.OOO.g.aub.i all at par. Fc.tr
OKeatnut Hill
Chic
Oh. A Alton RR .refund's
Joint equip, i.
U
l<
tl
.
i
nil
-;t ii.
r.o
100
100
1900 l.OOOAo
1899 1,000 Ac
4
57
57
57
,
When
l"*r
PmimI.Ih
Pavable
.
1 )
1
I
1
rrinci-
.
When Due.
cal.
tn
1-aat
•
u'l,..,..
Whom.
Phlla., Treas. of.
8
June 4, '03, H«
Union
22,000
•03.
3>*g
000
1,000
-
l.ooo
)
V
K
Where Payable, and
'
liikl*>
8195,650
19,542. -i)'
29
1 384.000
a
J.'
i
2\
A
J.
I).
N. v.,
do
Bqult. Tro
i
i.t
|
15 ' IS
QMSBRLl
Rlv. Br., 1st M., g., ua'd, h. f-.dr'nat 100. c*
Kansas City St. L. A C. pref. stock, guaran'>
Jollet A Chic, 7 p.o. stock, perpet.,guar. bj
Louisiana A Mo., guaranteed preferred stock. ..
GMcti(/<i Burlington .1 Quinoy 8took,7 p o.i
Con. .M. cuv'lik' ( h. Ter. mow 1st M.ieit. In
Illinois Dlv. uoi
\ It
Sink, fund, Iowa lMv.,~>s, uol. tr.i drawn at
Sink, fund mortgage is, drawn at loo
car
Sink, fund 4a (Bo. w. D1y.) drawn at 100
e*4t
Denv. axten. (©oil. tr.i b'ds.s.f. dr'n at loo. > II C
Debentures (or Han. A8t. Joeephatoek...
Nebr*sk,i.
>op. m. (s.f.,notdr'ni \ it
Chicago A- Iowa Dn ., collat trust.
> II 0*
Convertible debentures (See remarksi
o'
B.AMo.RR. In Net.. \ L'd gr.,fc f., dr. at 100. > Ii I
Con.M^MtKKMHK) \ Exempt, not dr'n till 1908 1
Burl. A- Mo. 1!U. in Noli., s.f. rorAt.A-N.KK.stk.NII
Hannibal A at. Jo., con-ol. M.. now tat M. F.o"
1S77
5flss.
—
100
1,750,000
100
1,500,000
>.000
100
100 110,839.100
162
37
101
I
•
.
826
1873
I
901
1879
<
MSI
1
Balance, surplus
!j.
M.
do
do
do
do
do
do
do
03,
Mlg
Bost
July
1,
1,
1.
Bent
1,
1,
1,
1,
1,
1,
1,
'om'rcc
do
do
July
July
Jan.
Linerlea.
do
do
1HS
1.
Oct.
do
do
do
do
do
do
do
Boston. HI
1912
03,
do
do
Meli. 1,
1,
1,
1,
1H
1905
1949
1919
1919
1921
1922
1913
1927
1905
1903
1911
1918
1910
1911
fund uncanc eled and
In sinking
Year ending June 30.
<-0al. year—.
1900.
Gross earnings....
oper. expenses
W. Stevens, Rlclimond, Vh
(ieorge
Vice
;
President. D eatur Audi, Richmond, Vii
Treasurer, 0. B Potts,
Rlchmoiiil, Vi»
Wellford, Rlchiuoud, Va
CompV Sullivan, Kiciimond.
Directors
Decatur A xt«-ll, J..lm P, Green, 9. M. PreVOSt, Qeoro* W. Btereni
Chmincev M. Depew, Willi, uu II. Newman. Mimui'l Hen, H. etcK. Twomblj
;
;
;
troller, L.
—
Wickham.
-(V. 75, p. 441, 497. 547, 561, 611; V. 76, p. 265, 381.)]
ChCMiipcitkc Western Ky.— Owns North River (Jap, V 1.. |o
Bridgewatcr, 14 miles; peiied M.iv 1, 1902; leases for 99 e.n\- 'hesapeiike, & Western RR., Bridge water to Blkton, 27 mllee; total, 41
miles. Projected to tidewater on Chesapeake Bay, and westerly Into
the West Virginia coal fields, Ol which 14 miles from in dee water to
North River Gap la completed. Controlled by Chesapeake Western
Co. V. 75, p. 18
(
c
\
1
Stock authorized, $50,000,000: Outstanding. 868 table. Ches. West.
RR. has $5:13,500 com. and $29,200 pref. stock outsfng. In Oct.. 1901,
made a mortgage to the How line Green Trustee, of New York to seoure
$1,435,000 bonds. V. 73, p. 899. 1856. Y.
ending June 30. 1902
(29 average mi lea).
7.126. In 1900-1 (27 miles), gross, $31,159; net after deducting taxes, 8677; no Interest paid, bonds being
held by construction company.
President, De Witt Smith; Treas.
and Cen Mgr.. W. H. Hall; Sec., J. C. Ward. Office, 141 Broadway,
U
.
986
CbeMimt Hill if It.— Owns from Gennantown to Chestnut 11 ill
Pa., 4 miles; being double-tracked May, 1902. Released tu
Phlla A Reading Ry., the rental being reduced from 12 per oent to 6
percent on stock, the latter being increased In June, 1902, from
$120,650 to $195,650 —(V 74, p. 036, 986; V. 75, p. 76.)
Chicago A Alton Hy.— I See Map)— Road— Chicago to 8t. Louis,
Kansas tnty. etc., in all 920 miles, of which about 110 double tracked.
Road Owned—
Mile*
Lapsed Line*.—
it dm.
Springfield. 111., to Grove, 111.. 58 Roodhouse, 111., to
Kansas
Least,!. Linex—
City, Mo
251
Chtoago to East Bt Louis. Ill 280 Bloomington to Waun, via
p.
F.
M.
J.
J.
v
do
do
1.
1.
.
1902.
190).
4,163,577
4, oil.
£9,036.655
5,595,668
6,028,919
$3,440,9*7
118
$3,201,820
$14,3(3
OmCIBS.— President,
N. Y.-(V. 78,
M.
J.
A J.
A O
A O.
A 8.
A A.
A N.
A A.
A 8.
A J.
A J.
a j.
A 8.
Oct
Auk.
Miles
June 30, 1902, 61,062,325.
T.
F.
V .120 Broad wav
do
do
do
do
N. Y., Boston BAd
$3,306,221
1,304,172
1807,886
* From acoumulated surplus div. of 1 p. o. each ($605,287) was paid
Oct., 1H99, and Nov.. MOO. Balance to credit of Income account
It.
A.
M.
A
$2,790,4 00, are
l'no
62,390
J.
A.
5
4
4
4
5
4
5
5
6
6
4
6
I
e,
J.
I
44,300.000
.
0,-J-
3>fl
1SS1
8,000
9.000.0O0
1888
25.627.000
,472
1887
121
1890
L890-2
> 1878 800
Ac.
585
1S7S 6O0 Ac.
5.450.0OO
I
1,000 b3, 347,000
1880
289 MSI
1,000
8,000,000
415
1901.
\sl4
<1%)60«,291
Extraordinary expensi
Dlvldeud No. 3
7
b2.505.0O0
2.000
1,000
1,000
100 Ao.
1,000
1,0006c
1,000
100 Ac.
b, $495,000, and
e, rl.:;75.000 canceled not lnclud e.l. d, $1,550, 000. and
here Included.
at maturity. — V. 69, p. 178.
If Cash deposited to retire these
1102.
Interest on bonds, Ac... $3,778,066
7
fc!:
F. A A.
7
2 l.t. 99.000
41,00
1.000
1000. Ac
1,000
1
N.
8*
BOO, 1856; V. 74, p.
)
1
Coal Citv Line, Iml
25
'Godfrey A
Jacksonville
Dwight, 111., to Washington
Upper Alton (all In 111.).... 159
and Lacon, 111
80 Trackage to Peoria. 111., etc .... 17
Mexico, Mo., to Cedar City. Mo 50
Total of all owned, leased and operated In system
920
Organization- This railway company was organized in April, 1900,
and purchased substantially all the stock of the Chicago A A'ton
Railroad Company, vl/., $18,322,400 01 the $18,751,100 common and
$3,472,200 of Hi. $3,479,500 preferred stock, all of which has been
deposited as security under the first lien mortgage of 1900.
line of the Bt. Louis Peoria A Northern between Springfield and Grove,
58 miles. The railroad, whoso separate existence i~ maintained for
legal reasons, has been leased for 99 years from April. 1900, the r. ntal
being the net earnings, after payment by the lessee of all interest on
bonds, taxes and other charges, etc. See V. 70, p. 686, 995.
Stock.— Authorized, $20,000,000 eaoh of common and 4 per cent
non-oum. preferred; laaued lu amounts as shown in table above, the
unissued stock belnir reserved to exchange for the outstanding stock
of the railroad company not now owned.
DrviDhNDs.- 1) vidends on preferred paid Jan., 1901, toJulv, 1903,
both inclusive. 4 per cent yearly (paid J. A J.).
Bonds— The first lien 3^8 of 1900 are secured by practically the entire capital stock of the 0. a a. Bail road, as shown
by a
direct first lien on Springfield to Grove, 57 miles. V. 70, p. S'J
8ee application to list in full in V. 71, p. 1021.
The railroad mortgage securing the 3 per cents of 1899 will
provide
funds ror
improvements and extensions.
Bon
excess of $40,000,< 00 may be Issued thereunder on vote of twothirds of the stockholders for extensions of not over 500 miles,
main track, at not exceeding r-20,000 per mile, to fund leased line reuttal obligations and foi future betterments not to exoeed §
not over $1,000,000 per annum from Jan. 1, 1900. Stockholm
1899-00 purchase*
dOof the new 3 p. 0. bonds at the rate
of $650 cash for eaeli $l,i 00 face valne; V. 70. p. 739. 8ee official
Olroular in V. 69, p. 178: also p. 26. 129. 541; V. 70. p. 429.995.
In Dec, 1902, made a Joint equipment trust for $475,000 with Mobile
A Ohio RR. covering 500 freight oars. V. 76, p. 47.
General Finances.— The new management has made large expenditures for the development of the property, having purchased 4,000
new freight oars and 77 heavy locomotives, and undeit iken important
work In the reconstruction of bridges, etc. V. 70, p. 636, 894,914. 99~>.
Latest Earn'h-1 1 mos., ) 1902-3.
Gross, $9,323,134; net, $2,937,870
July 1 toMay 31.
J 1901-2. ...Gross,
8,498,023; net, 2,721,174
Annual Report.— Fiscal year now ends June 30. Report for year
1901-02 was in V. 75, p. 902.
•
1
I
. .
.
Net earnings.
Dividends
(7
11.
owned
siock
$3,2')5.331
$2,992,385
on Chicago A
o
)
25.622
2,517
xl.52"'
Miscellaneous Income.
Total Income
Rentals to C. A A.
-
RR
x $3,341,901
line not
Interest 8^0
$1.7 9.959
Hi, 134,618
covered bv lease..
per cent bonds
770,000
All charges
4 per oent preferred dividend
$4,128,461
781
770,000
$3,9<
781,760
Surplus
$07,147
$43,582
x Under Its lease of tho Railroad, tho Hallway Company operates the Una sad
as rental pi. Id in 1901-02 interest, laie« and real nl»; alto balance of n.
liiK9.fl.5H0.eiS.
Kromthlsla.it was paid 7 per cent (*l..'i<M,<W«) by the RaU<nwl
nearly all owned by the Kuliwny oompany, which
therefore, treats the dividends received thereon (11,625,822) as "other
as here shown.
Oil
Officers.- chairman of F.xeo. Com..E. H. Ilarrlman; President, 8. M.
Felton: Vlca-Pres., John N. Faithorn; Treas., F. V. 3. CrosbylSecrctary,
Alex. Millar, 120 Broadway, N. Y.
Directors— <J««'rve J.GoiM, M. I.. SehllT, James stlllman, K. II. Ilarrlman.
York; ('. II. ('happen, B. M Felton, James P. Korgan. John J. Mitchull.
N. B. Keim.K. 8. Winston, Chicago; D. it. lr
>nla.
tV. 74, p. 886; V. 75, p. 889, 793, 902; V.76, p. 47, 330, 864.)
New
—
Chicago Hiirlliixton A Quliicr Kit.— (See Map.)— ROAD.-Operates a great system of roads extending from Chicago westerly, reaching St. Paul and Minneapolis, Minn., St. I»ula and Kansas City, Mo.,
Omaha, Neb., Denver, Col., Cheyenne.Wyo., Black Hills, 8. D., and Billings, Mont. The accompanying map shows clearly the system, viz.:
Mile*.
Linc*ea*tof Misxoun Rio. Mile*..
Weil of Mitimtri River.
Owned (standard gauge)
3,805 Securit's all owned, leased In
Controlled (narrow gauge).. 229
perpet'ty( B. AM. R.in Neb.). 3,929
Leased and operated Jointly. 187 K ana. C A Omaha (controlled) 203
Total operated In system June 30, 1902
8,353
In Mar 1903. the Iowa A Bt Louis RR., Centre vlllc. [ft., to H
Mo., 100 miles, and nrojeoted to extend to Bt. Louis and to Blon
ital 0(510 miles, was acquired; V 76, p. 653.
Extension from
ty. la, to Ashland. Neb., 100 miles. Is pre posed.
In .I'M
ei ion from Mexico to Old M >i roe, Mo.,
u was under oonsl
I
|
,
88 mil,
a.
Organization, Ac. This was a consolidation In July, 1375, of the
Chicago Burlington A Quinoy In Illinois and the Burlington A Missouri
River in Iowa. Chicago Burlington A Northern and other subsidiary
V. 68, p. 975.
lines in Illinois were absorbed In May. I860.
In
1900 purchased the remaining leased lines In Iowa and Missouri, via.:
St. I.. K. X N. W., Chlo. Burl. A K. O,
West, and Chic Ft- Mad. A Dee Moines,
N'.73.p. 137.899.
V.71,p.697,
In July, 1901, $107, ')77, 500 of the $111,200,000 stock had been erfor the joint 20-year i p. e. bonds of the Gt> Northern and
Northern Pac. secured by the deposit of the stock in trust, on the basla
of $200 in bonds for $100 stock. See circular, V. 72, p. 871, and application to lisr. V. 73. p. 291. and description of bonds under Great Nor
In Feb., 1902, purchased Kansas City Peoria A Chicago Ry
Quincy to Pattonsburg, Mo.. 196 miles, and In June. 1902. practically
all the bonds and stock of the Jacksonville A St. Louis Rv., Ja.
vine, to Centralia. Ill
v. 74, p. 426, 1807; V. 75. p
112 miles
In July, 1902, extension from Billings, Mont., northwest to Great
on the Great Northern, was propoi
In Dec, 1902. the eh. B.«q, RR. had fteqnirftd $1,691,000 of the
$1,750,000 Quinev 14 It. Bridge stock at ^200 per share in 111. division
V 7.\ p. 1030; V. 7C. ).. 1083.
3 l-2s.
For legal reasons the r<>
I to the Ohio. BnrL A Qulnoy Railwiy (which see below) for 99 yean from October, 19ul, al
I
oent per annum on stock. V. 7.1, p. 842. 1011. 1061. 1207, 1818.
CAFRAL Stock.— The stook has been Increased for the acquisition
of new
uent of over $15,000,000 oonvei
eto.; iu lSSO.i 2(>p.c listribution was made. See "Organization" above.
'90 '91 '92 "93 '94 "95-V7 '98 '99 to Sep./Ol
Per oent. $8 yrlv 5
5 4\ 4 yly. 5«« 6 yearly.
4
5 4H 5
On June 15, 1901, 2 p. o. was paid for the 4 months ending July 1.
1901, when Interest on the new Great Nor. -Nor. Pac. collateral trust
:it bonds betan; Sept. map. c; tlrst ciuarterly dividend under
lease, l\ p. c. paid Jan. 1, 1902, dlvid. being paid
J.; V. 74. p. 41.
Bos D8.— For full description or each loan see the editorial article on
pages 3 to 6 of Sci-flement of Oct., H9t>, and Chronicle V. 63. p 775.
Th9 mortgage of /Soy for $Sj,ooo,ooo secures bonds dated July 1.
1899, maturing July 1, 1949, and to bear interest at not t> exceed 5
per oent. Suohbonds as may be Issued bearing 3 1* per cent Interest
wiU be subject to call at 105 per cent and accrued Interest and those
bearing Interest at less than 3 1* p. c. at par and interest on any
Bt
Jos.
st. Jos.,
A Missouri
BorL
A
Blutl's,
CO.
Keokuk
A
River, eto.
i
,
.
a
coupon day after thirtr
vears.
The
issue
Is
limited to $85,000,000
30
INVESTOKS' SUPPLEMENT,
[Vol.
LXXVU.
D
:
July,
KAILROAD STOCKS AND BONDS.
1903.J
:n
Subscriber* will confer a great favor by giving Immediate nolle- of any error discovered In turae Tabli
RAILROADS.
„,,
Miles
Date
of
of
for explanation of column heading, Ao., see notes
on
Chicago
first
Conn
<
l8tMn.Nod.and Tuik.Val.KKs.
Rep.Val., lstM.,gu.,(dr. at 100) .
atoh.
A
web.,
,$14,000 y'ly.o
1
on Atob.
raort.
1877 tlOOAt
248
62
90
145
I
f.
Un., Neb., el
Neb. UK. (let M. on bridge)
Llno'n.v N.w. i:i: -t m. m*.ar.,B.f.l p.o.,notdr*n
Ohini'/" Ci». <t 1 oui$t
C 11 A M.lsl M.. g
o"
2d
<
600.0O0
1878 100
"73
i
OK
,
-vc
•
3*91
174
48
1886
1881
1,000
1.000
1878
500 Ao
100
1890
1,000
1,0004m
is
187
Chlo.A Ind. <'o;.
0O0p.m.,asB'd.l»Ip.0*
EvanHv.
Sante .v chic., Inoome n ortgage
Indiana Illock oal, 1-t mort., m. f., all <it par...
Chicago <t »i«- stock im.1I held by Krle)
IstM., gold, lni
principal Is pd.
Income bonds for $10,000,000 5 p. o. none%
Teniiin.il let mortgage, gold
'I'.
<
(
<
1
A Qulncy
249
lS'.H)
1SSS
will become an absolute Urst mortgage,
the Mississippi River, upon the DA]
mcut of 821,699,000 consolidated mortgage 7 per cent bonds due
July 1, 1906, and of 82,320,000 Chicago £ towa Division 5 per cent
bonds due Fed. i, 1905. Suitlcii nt <>t ho now loan is reserved
up these $31,244,000 bonds and $41,(100,000 were Issued In L898
1903. The remainder Is available for additions, etc. See V. 68, p. 771;
abstract, V. 09, p. 288; V. 69, p. 70.v. V. 71, p. 1307; V. 7ft.
The Iiiirit i)irisu>}i bonds are a llrst mortgage on the main line In
Iowa from Burlington to Easl IMat tsmouth on the Mo. lli\ er, '278 miles,
and on 122 miles of branches; they are also a first collateral lien on 490
miles of branches and 86 miles of second track. These bonds have a
sinking fund 01
percent ($203,800) yearly, for which the 4b are
K;
nbjeoi to oaU at 100. the Ss at 105. The single main line and branches
"shall not exceed in the aggregate 900 miles." at $16,000
covered
per mile; on second track (of which June 30, 1902, there were 86
miles) may be Issued an additional $11,000 per mile. V. 65, p. 462.
Deliver Kit. bonds can be Increased only for 2nd track at $ 10,000 p.
The collateral trust tftbrtuka extetuUm bonds of 1887 are issued at
$20,000 per mile for single and $10,000 per mile for second track on
not exceeding 1,500 miles, a Detract of deed V. 15, p. 441.
Burlington it Missouri RR. in Sebr ask a consol. mortgage of 1878 Ufor
$14,000,000, and Is now a 1st M. or 1st collateral lieu; all except the
exempt bonds are subject to call for the silking fund at par; $171,400
retired in 1003. The "exempt" bonds may be called after 1908.
The 5 ptr cent debentures of 1890 92 are eomvm HP 'S 8 for $ Into stock
me prior to Dec. 1, 1902, except when books are closed. 815,61 I,800 had been thus converted up to June, 1002. V. 67, p. 842. See
terms of conversion on page 6 Of the SUPPLCMEHT for Oct.. 1 88
Ofc.NK.rtvt Finam'Ks.
Corn being one Of the principal articles carried
greatly according to the size of the orop.
theea
\
In Ma
ubsorlbed lor $0,922,700 new stock at par.
in Jul
>3, $5, 000,000 5 per oent notes were sold, d ated Aug. 1,
1903, due March 15, 1904, and secured by Illinois Dlv. .l^s p. o. bonds,
with B "20 i>. o. margin to be kept good.'' V. 77, p. 140.
LATMT i'\i:siN(is. From Julyl to Aug. 31 (2 months) earnings,
Including lines controlled, wen
Cross.
Ktilance.
Charges.
2 months.
$9,791,688 $4,035, 2«2 $1,626,000 $2.
1902
of
'
t
I
l
m
'
—
!
i
3,860,772
i.<
Annual Report.— Fiscal year ends June 30.
V. 75, p.
:
Report for 1901-02 was
817, 857, (see also editorial,
showing operations, Including results of the
190
Miles operated Juno 30
Freight
8,1
i
886,072.079
-or
1
Mail and miscellaneous
Gross earnings
Expenses and taxes
p. 823),
C. B. AN., etc
1-0900.
1900-01.
7.661
7,912
$33,662,221
-.\|
1,408
13.013
-
g
ii.nso
31 .42
$18,112,370
Other Inoome
Total inoome
int., rent,
$16,1
1
8.370.06
eto
$16,49
63,1*78
18.471
I
S.761
-sm:>
(6)5.8 29.678
$1,26:
•Of
tb
DlRW
Burllri.
Ilarrlm
.
a matter of convenience.
Pretnlenti, Chicago. 111.: Charles
'aul, Minn.; W. P. fioimh, Robert
I. G mid,
H. McK. Two
and Howard T. Nichols ol "leitri rk; Norman
".'.171.1083,1112.
-tV. 7o. -
II.
I'erkint of
v.
Bacon,
t
ciuckko.
V. 77, p. 115.)
U. -nin
•if
percent
V. II.
llacon
III.
Chicago Bnrllngton A Qulncy Hallway.Burl, a
lie
(hie.
system for 99 years from October, 1901, at 7
Incorporated in Iowa on Oct. 10, 1901.— V. 73,
8< e
H. A Q. RaUroatl above and Nortln rn Securities
1867. Btock authorised, $100,000.0011; In July,
"/
l
D
not yet issued.
James J.
W. B.ii
Hill,
W.
ent; ("linrlcs K. Perkins,
P. Clouiih.
Ueoiy- W.
I'ericlns. B.
inns M;
Chicago Cincinnati
Hammond. Ind. <:
«fc
John
U. Hurrlraan,
S>.
J.
1
Boat B
ATr.
i>.
I
Jan
J.[
l.
Feb.
July,
;
1
'
June
K.
A
'
1,
x*.,
1
.
May
Centra
1>07
1
ourthNat Hank.
N. Y., Central
r.
ff.
a
TnUl
do
do
do
Tru--
Jan.
1
a.
6
6
7
.
N.Y.,
Met
L.
Oct.
1,
ATr. Co. May
do
July
Erie RR.
1920
1908
1,
l,
Oct.
irk,
1912
1937
1,
1,
May
York, Erie KR.
by Erie KR.
g.
1,
Nov.
Oo.
l
Fed.
Farm.
do
New
owned
5
July
Bank.
n
«g.
8
do
D.
l
irk
it.
do
J.
6
6
150,000
136,000
100,000
12,000,000
10,000,000
300,000
1818
1908
1,
Oct
A
5
Lines oirned in fee.
Doltou to D.umlle, ni
Miles.
1982
1982
July, 1918
Bluff, Ind., to
107
to Hra7.11, ind.
Momence Jo. ,111., to Brazil, Ind. 130
Danville Jo., 111., to Thcb. s. 111.277
Danville,
18
111
Jc
in Clssna Park, 111..
Jo. to Hldell Jc, I!
Percy Jot. to La Crosse, Ind ...
MllfordJc..Ill.,to Frcclaiid.Ind
TruckiHfc,
•
7
15
ru branch..
1
etc.
46
Total operated July, 1903.. ..752
11
St. L. A San Frsn.
Jniy,
p rl of the itock, as laid below, and
1903, amalgamation with other St. L asBoa Fran, lines was pending
under the name of the Chicago St. Louis Memphis ANew Orleai
BisTOBTj Hkasks,
aoqulred the greater
August, 1902, the
m
whloh see.
The Chicago A East 111. owns $1,000,000 stock of Chic. A W(
Indiana-having all the local trafllo of the latter road from Dolton
'nto Chicago. In 1902 the trafllo contract mad.- In 189o with the
Evansvllle A Terre Haute for the operation of a through line between
ChloagO and KvanHvllle was ctlll In force. (V. 5ft, p. 995.)
In 1902 the Southern 111. A Missouri Bridge Oo. (which see) lot central ts for a bridge acres the MIsdsMppl River, forming with SI
Southwestern a direct line to Texas points. V. 71, p. 1219; V. 71, p. 930.
Stock.— In addition to the amounts outstanding In table, $5,250,600
common and 81.135,000 pref. were In treasury in July, L8
In Aug.. 1902. the St. I. outs A: San Francisco RR. gave In exchange
for the oommon and preferred stock Its stock trust oertll
rate of 8100 thereof for
V. 75, p 288. In Jan., 1903,
$7,040,300 of the $7,217,800 common and 84,157,700 Of the $0,830,Thost. I»uls A
700 preferred had been exohanged on ibis basts.
Sau Fran, has the option to retire the trust cot tiibates at any
$2 50 per 9100 oommon stock trust oertlnoate ami $1 50 per $100
<
rtiticatc, payable in gold, ami obligates Itself to
pay oil" the entire l-sue in 40 ) cars from date at the same rates no .111whlle Obligating it-elf to pay 10 p. 0. dividends on the comtnon and 6
nin on the preferred truel ccrtirtcates, respectively, these
amounts botng equivalent to 4 per cent on the prlnolpsJ sum to be
eventually received In payment therefor. Upon failure to pay any
dividend within 30 days after deiuan I therefor, any holder may surrender the certificates to the tin -tee ami receive the shares
thereby. 8oe also V. 75, p. 2
181.
P lVU>— B— )*89. '90. '91. 92-*7. '98. '99. '00. '01. '02. 1903.
On prof., p. c... > 6 6 stk. 4»« 6 jTly 6
6
6
6 6
Common, p. 0.... >
2'g 3 4 4"« !i"tiO
6
Bonds.—Tne general consol. and 1st mortgage of 1887 (trustee. Central Trust Co.) provides forthe retire
142,000 prlorbondsand
for Issue of bonds on new road at $is,000 per mile for single track
also for bonds for equipment at $7,000 per mile and for double track at
per mile. In 1897 the total issue of gen. consol. bonus w»»
-30,000,000 and bonds were reserved for Chicago A
Coal firsts.
Bee V. 04, p. 1088.
Bs.—This com pany owns most of the capital stock
Of the Brazil Block Coal Co.. and carries all its coal,
ft carries also
the coal of the Danville, Clinton and Williamson county fields. On
-, 1903, car trust notes, -101,689.
1NQ8.— For 8 months, July 1 to Feb. 29:
•
,
B
M.
UdatJon on June
Oross.
Olhr-
028,130 $2,277,015
1901-2
.03
Net earnings
$2,577,762
op. ox. to earns..
(5
Set (Incl.oth. Income). $2,8
•
139,5
Annoal Report.— The annual report for 1901 02 was In
392. Rate per ton per mile was 0*459 cts. In 1801 0*2.
Year end. JuneZQ.
1902.
1901.
1900.
,ierat. June 30
711
738
727
U rose earnings
86,277,494 $5,659,446
Oper. exp. A taxes.. 8.699,732
3,471.2
P.
Ral.,*urp.
Int.,<tc.
$1,114,106
$185,740
V.
7ft,
p.
-
">0>
.'.
$2, 107.
1.201,071
1.
1,120.139
l,0i
Rentals
KR.- Owns Cincinnati to
Lonlsrrllle
SUM.
paid
4,
unail Richmond a
i;i;. and
Indiana WesUrn KR., the through line being nearly completed In
V. 76, p. 1247. The
July, 1903.
Louisville RR. was Inft
corporated on -Nov. 17, 1902, with f 500.000 snick, to build
from Otnolni da to Louis v ill
ithori/od, (!)
The Cincinnati Richmond
Murcic 1st 5s, Chios go
Cincinnati,
and Clu. it lud. West Issui s arc ah Bubject to call after 10 rears from
their issue, the C'n. Ki. h. A Munole after Oct., 1910 See oftiotal statement, v. 71. p. 106O. v. 71. p
190.
Pros w. a. Bradford Jand Treas., Roger ^. Allen, 10 Water St., Boston.— (V. 76, p. 810, 1217),
Chicago
Bastora IIIIiioIn HU.—(See Map.)— Operates road
(double track to Danville Jot., 100 miles) from Chicago, 111., to Terre
Haute, Ind.. and bituminous coal fields; also to Thebes and Joppa. 111.
An extension from the main line to Pana, 111., on the CI. Cin. Chlo.
S. L., 20 miles, will be built, affording with trackage over the Big
Four a through line for the 'Frisco to Chicago. V. 75, p. 1087,
pref. stock.
.(6)
stock... (6) 4
Dlv. on com.
r n.deprec'n.et o.
i
607 ,172
-79 (4»«)278,901 3<v
129,20".
317,215
1
1
&
A
1
Non
F.Yoakum. -
Ralanc
Officers.— PTesi>ent,
<
A
I
106
j/o
Chicago to Dolton, Oh. AW. Ind. 17
Otter (reek June, to Terrell..
6
11
ille
Ac— In
Casey, Ind
Branches to Coal Mines
a
Double track
Hide trucks
111.,
Joppa Jot tojoppa,
Clssna
iv
I-
1903,.'
A
g.
6
I
1907
1,
i.
Gin 1903
97.000
91,000
2,788,000
1,
Deo.
Jan.
Host- n.
),700
.
(.'.
fteni. v. 78, p.
Boston, 2d Nat'l Bank. Jan.
do
m, Bk. of Oo
July
J.
7,217.800 'Un 1903
\..rtl>-
I
i
A
1
-
Balance
Dividends
ernjolnl bond
'"ijJrt*'
Dividend?
sinking funds for the several loans respectively held alive June 30, 1902, of the bonds given above aa
'11,000; k, $133,000.
and the Hen securing the bonds
8,460,462
J.
f.
5
1
•
In the Ciikonk-i.k.
1
8
1,000
100
100
1877 100 Ao.
1,000
1880
l.OOO
1881
1.000
1884
1,000
1887
1887 l.OOO.Vc
loT
1
east
an.
Whom.
.000
500
1902
:t3
Danville AG raj
-t M. munied..o'
Extension, 1st mortgage
o*
i00,0O0),gold
Consol. murHra.
C'e.O*
Collateral trust bonds, sinking fund
o*
Oen'l consol. and 1st mort. $30, OOO.OOO. Ce.oAT
1901
ft
1.'
1902
I
<
i
5
1,078,000
1,180,000
i
linen
-u.OOO
ft)
It
l.OOO
1,000
1,000
L68
Cln. Ind. <fc w., Isl M., | 100.000 sail tcu.oii o'
Ohic. <* Ma$t. TUinoi*
om. stk. i$ift,ooo p. m.) 'i i»
Pf. st'k,$l O.oct
-10,000 p.m.)
non-out
1st mort. (h. f.
all
7
7
6
7
6
7
85,000.000
l.OOO
600 Ao.
Gen. M.. Ft. Oct., '10.AB
Chicago & Cincin. IstM #7' 0,000, g., call
Hoosler Equip. I si M.. ser. A, uuar. p. &. nil
covering
LEST OF l»l Vll'
Vnen Where Payable,
P yable
ys
Cent.
<1
The Chicago Burlington
outstanding
'
1
Concluded)—
los. 1 to 500pf.)o*
s.f.tdr.at
I'.
Rate per
R* te P8 '
c)ut!?andinB
Road. Bonds Value.
page of tables.
lUirlitigh,
K.C.Ht.J.A-
Size, or
Lyford, Chic. |
Dlroctom.— D. O. Reld,
»,598
BJOJ
H.
ry, J. S. Ford.
I!
K.
v oakum.
N
\v.
W. H.
Y. oilier,
H
Moore,
2ft
Br.
Wm.
B. Lseds,
kV.
J. II.
Hll-
U. Porter Jr.. Chlcaso; .lamer. Campbell. Bt, LouU.
-(V. 75, p. 732, 1031, 1252; V. 70. p. 101, 265, 1081. 1247, 1299).
lar.l. 11.
.
< lil< ajjo A Eric It It. — 'See Map SrieRR.)— Owns from Marion, O.
Hammond, Ind., 249 miles, ana leases trackage over Chicago A
West. Indiana to Chicago, 20 miles. PractlcaUy merged In Erie. RR Co.
Bonds.— The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 mtles of road, the contract with the Chicago A
Western Indiana, $1,000,000 of that company's Btock and $240,000
stock of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.
M
32
1NVEST0KS' SUPPLEMENT.
[VOL.LXXVU.
July,
1903.
|
.
RAILROAD STOCKS AND BONDS.
33
c
.
U4
INVESTORS'
SUPPLEMENT.
RAIDROADS,
I
Vol. LXXVII.
LVTKRK8T OR mviDKNljS
Miles Date. Stze.or.
—
Amount
For explanation of column headings, Ac, see notes
of
of
Par
/w*ran<iin«» Kate P er When Where Payable, and by
Vnlnn.
r t
p ar „ Hll
w>«.™
Road. Bond* Value. uutstanoing
on tlrst page of tables.
v. tern.
Cent.
Payable
!
buiuls iTlliOl
pal, When Dne.
Stocks—Last
nin^^^
Dividend.
,
Chicago
&
Trunk— See Gr. Trunk West. Ry.
Or.
Chicago (ireat Western
Deb. stock, ouni.,
g.,
—
$30,000,000, dlv. In cash,
100
100
100
Preferred stock A, * 15.000,000, 5 per oent, gold.
Pref. stock B, 4 per cent $10,000,000
Common took, ~>0,000,000
1899 Various
8terllng 5-year notes 5s of 1899 (no mortgage)
Sterling 5-year notes (no mortgage) red. at 101..
1903 Various
Chic. Hummond <t West'n— SeeCmc. Junction Kv
Chicago <t Indiana Coal— See Cmc. <fe E vhtbkn II LINOIS
Chic. Ind. dt East.— 1st M.,g. red. 115 (text). IV. c*
43 1902
1,000
:.
.
Ohicayo Indianap.
Ji
Louisville
—Com. stock...
Preferred, 4 percent, non-oum., $5,000,000
L.N.A.&C, 1st Main Line.— N.A. to Mich. City..
289
162
1st M., Chlo. & Ind. Dlv., Chlo. to Ind., gold..o"
509
C. I. & L. refunding mort., $10,300,000. gold..('c
Do
gold 6s, issued for old consols
509
Perry Mathews Busklrk Stone Co., 1st M., guar..
Con.8toneCo.l8tM.,$250,000.g.,gu.,p.Ai.red.text
Indiana Stone RR. 1st M., guar
Chicago Junction— Common stock
Chlo. Ham. * West., 1st M., $2,500,000. g...o"*r 27*48
CM, Miltc. Jt St. Paul—Common stock (Sec text)
Preferred stock? per cent yearlj not cumulative.
Prior lien consols, convertible into pref
1,435
Consol. mort., conv. into pref. stock
F.o* 1,435
I. AD. Ext. 1st M., convert, into pref
F.o* 335
8. W. Dlv. 1st mortgage Western Union RR..0*
212
.
100
100
1880
1881
1897
1897
1898
1900
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1897 500. Ao.
100
100
1874
1,000
1875
1,000
1878
1,000
1879
1,000
Chicago A Grand Trunk Ky.—See Grand Trunk Western Ry.
Chleaeo Great Western Ry.— (See Map.)— Road.— Operates the
route, radiating from Oelwein, la., northerly to St. Paul,
easterly to Chicago and southerly to Kansas Cltv, and embracing
"Maple Lear'
:
Owned—
Lines
A
Trackage,
Miles.
Kan. City Ry.—
Miles.
etc.
Paul to Minneapolis
11
Chicago terminals (V.71, p. 442) 10
Chicago to St. Paid, Minn.,
691 Dubuque to Aiken
14
and St. Joseph, Mo
132 Des Moines terminals
3
Branches to Haytield, etc
Bee Creek to Beverly (no bds.) 23 Leavenworth to Kansas City.. 46
Operated under agr eeme nt —
IT which see.
Mason City A Fort Dodge.... 1F130
Total operated
Wisconsin Minn. A Pacino....H272
956
History.— The Chicago 8t. Paul A Kansas City was organized in
May, 1886, and in December, 1887, merged with Minnesota A NorthOhio. St. P.
4 st. J. & J. London, R.Beason A Co. Jnly 15 '03,2V
3,4*9 No lnfst
.......
11,372,400 5 In 1902 Seml-an< London, R.Beason ACo. Feb. 28,'03,2»*
9.46-i,090 SNone) Semi am
do
do
29.91H.000 iyald.J
5 g. Semi an London or New York.
808.333
1904
2,000,000
8einl-an
5
do
do
Various, 1908
$100 $27,577,000
g.
Debenture scrip mot interest-bearing)
St.
.
western. In August, 1892, reorganized per plan. Vol. 55, p. 856.
On Sept. 7, 1893, the Great Western acquired by deed the title of the
Kansas City Ry. (81507 miles). In June, 1902,
Chicago St. Paul
the old mortgages were satisfied of record. V. 74, p. 726. As to 7 year
contracts inane in 1802 with packing companies, see V. 75, p. 341.
Securities.—The holders of debenture and preferred A stock appoint the finance committee, whioh exercises general supervision of
finances. Additional securities of said Issues can be put out, but only
with consent of a majority of both said classes of stock present at a meeting. Securities of other issues having a Hen prior to preferred A can be
/?reated, but only with consent of two-thirds of both olasses. The several olasses in case of liquidation will have prlnoipal paid in gold, according to their priority right to dividends. At extraordinary general
meetings of holders of debenture stock and preferred A stock colleoti vely, holders of om -tenth of said stocks outstanding, present or represented, constitute a quorum and by a majority vote have power to
sanction any modification of the rights of said stocks. The provisions
of the several classes of stook were fully set forth In the editorial
artiole of the Supplement for Ootober, 1897; see also V. 71. p. 441.
In 1898 the authorized issue of 4 p. o. debenture stook was increased from $15,000,000 to $30,000,000 for future refunding and improvements. See Finances below. V. 66. p. 133, 663. 1088.
In Nov., 1902, $6,500,000 common stock was issued to purchase the
outstanding stock of the Mason City A Ft. Dodge RR., Mauly Jot. to
Ft. Dodge, la., and branches, 130 miles Mason City <te Ft. Dodge Ry.,
Hayfiold, Minn., to Manly Jet., la.; Oelwein, la., to Hampton. la ,121
Paolfic RR 272
miles, and balanoe of stock ot Wisconsin Minnesota
miles. V. 75. p. 1201. The stockholders voted on Feb. 18. 1903, to in
crease the common stock from $30,000,000 to +50.000,000. a portion
of the new stock to be used to complete the purohase of the abovenamed roads.— (V. 75, p. 1201, 1253)
uividkni'9.— On pref. "A" paid Jan., 1899, 2p.c: In July. 1899 2 p. c;
la 1900, 5 p. c; in 1901, 5 p. o; 1902, 5 p. c; 1903, Feb., 2 ^ p. o.
Finances.- On March 17, 1902. $3,437,000 additional debenture
stock was authorized; also the sale of two branches from Haytield,
Minn,, to Manlv Jut.. la., 19 miles, and from Waverly, In., to Damp
ton, 42 miles, to the Mason City A Fort Dodge RR. for $1,386,000 of
first mort. 4 p. o gold lOndfl of latter; V. 74, p. 726; V. 7n, p. 559, 665.
In 1903, $2,000,000 live-year 5 p. o. notes were issued. V. 70, p. 809.
Early in l'.toi Vermllye & Co. became the Hsoal agents of the company, 'their Mr. Read entering the directory. See v. 72, p. 580.
In Apr., 1901, a syndicate acquired all the stock and bonds of the
Mason City A Port Dodge RR., Mason City to Fort Dodge, la., 92 miles,
the purchase including coal fields near Ft. Dodge, and arranged to
extend the road from Manly Junction to Mason City, 12 miles,
and Hamplon to Clarion, 80 m. (both completed), to connect with
the C. (it W and also southwest, to Omaha, the latter completed
mnoll Blofts July, 1903, and westerly to Blonz city, a total of
about 250 miles. In March, 1902, It was arranged to transfer to the
Mason City A I't. Dodge RaUvoay two branches, aggregating 91 miles
above), which will extend the linos of the Mason City & Ft. D.
ttf-
501.000
10,500,000
5,000,000
3,000,000
2,300,000
4,142,000
4,700,000
22.000
118,000
In treasury.
2,200,000
2,090,000
53,183,900
48,325.400
34,000
1,860,000
1,059,000
4,000,000
I
t
5g. M. A N.
See :<-\t.
4 In 1902
6
J.
J.
If.
II.
&
.v
Y., N. Y. See.
Y., J. P.
D.
J.
A Tr.
May
do
do
1942
1.
Morgan ACc. J'ne27,
do
do
do
do
do
i
03,l>4
J'ne 27, "03,2%
July
1910
1,
A A.
do
Aug. 1, 1911
A J.
do
July 1, 1947
I
A J.
6
do
July 1, 1947
6g. F. A A. Am. Tr. A 8av.Bk.,CWo Feb. 1, 1908
do
8g. M. A N.
da
May 1, 1920
New York.
Sept. 1, 1948
5 g. M. A 8.
All owne dby Ch. J. Sy. A Un. Stk. Yds, V. 68, p. 326.
6 g J. A J. N. Y., Cent'l Trust Co. Jan. 1. 192"
7 In 1902 A. A O. N. T.Orhce,30 Broad-BtJ. Apr.23,'03,3>a
7
A. A O.
do
do
Apr.23,03,3»«
7
do
do
Jan. 1, 1904
J.
J.
7
do
do
July 1, 1905
J. A J.
7
do
July 1, 1908
J. A J.
do
6
J. A J.
do
do
Jaly 1, 190i»
8g.
g<
g.
F.
J.
J.
<Jt
Officers.— President, A. B. Stiwiney; Vloe-Pros.-, A. Oppenheim;
Secretary, R. C. Wight: Treasurer, 3. O. Barnard; Auditor, C. O. Kalman, all of St. Paul, Minn.
Directors— A. R. Stiokney. A. Oppenheim, S. C. Btlcku w. 9. Weyerhaeuser. J.
W. l.uBk. H. E. Fletcher, T. H. Wheeler, William A. Hevui, It
Wight.
.New
Yorkofflce, 31 Nassau St.— (V. 75, p. 1253; V. 76, p. 47, 157, 266, 495* botf.)
A: W.
See Chicago Junction Rt.
ObleajEO
C
Hammond
RK.—
&
Chicago Indiana
Eautern Ry.—Owns Converse, Ind., to
Munoie, 43 miles, of which Matthews to Muncio, 15 miles, completed
Dec, 1900. In July. 1903, extension was prune sod from Muncle to
Richmond, 36 miles. Projected from Chicago, 111., to Columbus, O.,
In
and from Richmond,
Ind., to Cincinnati, O.
Stock was lnoreased in Oot., 1902, from $425,0©Ot» $1,000,000. Of
the bonds ($1,000,000 authorized) f 500,000 aro reserved for future
requirements.
A sinking fund, beginning 1907, will retire bondsIn year ending Mar 31. 90^, gross earnings, *98, 238; net
yearly.
over taxes, $36,752. Pres., Paul Brown, 100 Wa-hington St., Chioago,
111.; Sec. J. H. Miller; Gen. Mjjr.. H. E. Drew.
OtUoe, Matthews, Ind.—
V. 74, p. 986; V. 75, p. 848.)
1
Chicago Indianapolis Jk Louisville Ry.—(See Map.)—vyei"Monoa Route" from Chicago, 111., viaMonon, lad., to Indian-
ates the
and Louisville, Ky., with branches. The system Includes
Miles.
Oper. under contretct
Lines oxonea
Miles.
Indiana State Line to Indianap 1 62 Chicago to lad. State Line
20
New Albany to Miohlgan City .289 New Albany to Louisville
5
..
Bedford to Switz City
40 Connection In Indianapolis.... 2
Orleans to Fr. Llok Springs
18 Clear Creek to Har7odsb'g, Ind. 10
apolis, Ind.,
—
:
—
.
Total of
546
all
A lease for 9t*y years with Chioago A Western Indiana (of whose stock
this co. owns $1,000,000) gives entranoe to Chicago on a mileage basis.
Owns one-third interest in Kentucky A Indiana Bridge, having bridge
Extension, from Indianapolis to
at Louisville. Ky.
V. 71. p. 599.
Linton, 85 miles, 1b to be built in the spring of 1903,
History.—Successor July 1, 1897, of the Louisville New Albany A
Chicago Ry., foreclosed per plau in V. 63, p. 922.
In Oct., 1902, the suit attacking the legality of the foreclosure wae.
settled. V. 75. p. 1031.
In Aug., 1902, the Louisville & Nashville and 8outhera Ry. acquired 9:< p. c of $10,500,000 common and 77 p. o. of $5,000,000 preferred stook, on the basis of $73 and $90 per $100 share, rospectively,
&
in their joiot 50-year 4 per ceut collateral toast gold bonds at par, secured by the stock acquired, six-tenths of mi purohase price being
payable optionally in cash. See description of bonds und»r Louisville
& Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
Dividends.— On pref.. 1899, 1 p c: Oct. 1900, to June, 1903. both.
Inclusive, 4 p. e. per annum. First dividend on common, lp.c.May
29, 1902; Jan. 29, 1903, l 1 * p. c; June 27, l 1* p. 0.
Bonds.— Refunding mortgage covers road, equipment, etc. (lnoludlng
$1,000,000 stock of Cii. & W. Ind and $240,000 stook of ths Belt
total authorized Issue Is $15,000,000, of whioh
Ry. of Chicago)
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be Issued only for betterments and equipment, not to exceed $300,000 in any one year, $2,091,000, of the latter of whlah $1,233,000 had
been Issued to Aug. 31, 1902. Of the Consolidated Stone bonda
($250,000 authorized issue) $25,000 are suhjeot to- call yeacly, Jan.,
1903 to 1906, Inclusive, and the balanoe Jan. 1,1907. V. 73, p. 41.
Car trust notes, $16,085, June 30, 1908,
Finances.— See statement to N. Y. Stook Exchange In July, 1897,
V. 65, p. 194, and "History" above.
Earnings.— 11 mos., ; 190203... Gross, $4,63r3,724; net, $1,793,79«
July 1 to May 81. I 1901 02. ..Gross, 4,190,007; net, 1,595,018
Annual Report.— In V. 75, p. 729, showed
1900-01.
1899-00,
1898-90.
Year end. Jtuie 30— 1901-02.
$4,581,158 $4,150,470 $4,177,888 $3,501,120
OrossearnlngB
W. main line.
y to the
1.72S.02*
1,496,923
1,549,083
1,146,170
Net earnings
n-ln Minnesota A I'.i.-ulc in:., Red Wing, Minn., to Mankato,
135,776
129,448
109,787
86,687
Dividends received...
94 miles. In 1901 purohased Duluth Red Wing A- BO. and the Winona A
rn, making 246 miles then owned, and built a 27-mllo connectIncome. $1.857, 472 $1,632,704 $1,659,470 $1,232,857
Total net
ing link. Both of the roads are operated for loo years under agree$761,950
$752,700
$771,294
$772, 1O0
Interest on bonds
ui. nts dated Apr. 1.1901. the Ohio, (it. West, to receive their out ire
208,036
199,197
210,833
205,409
Rentals, eto
;
,
.
,
'.
i
I
&
GrosInc.
.7,549,689
2,000,230
Rentals duel, equipment).
7,013,861
6.721,037
140,604
188,978
1,720,224
Mlsccllan.
sur. 2 1,021
r.
463,930
27!
147,999
780,610
Int.ln cash on 4% deb. stk. 925,207
Dlv. on pref. -lock "A." (5%)568,620 (5)568,620 (5)568,620
Interest paid..
Balance
i
'•.
V.
.mink's above Interest on bonds and own their entire stooka.
r
V, 74, p. 93; \',7. >. p. 1801.
722,
Kahninoh.— 11 mo*., > 1902-8 ...Gross, 97,115,375; net, $3,060,009
(1901-9
Gross, 7,0i7,037i net, 2,01
July 1 to M tv 3..
For tl mos. ending Deo. 31, 1902. net, $1,172,687. against $l,S30,981; charges, $8*0.3-3; dlv. on prof. A (2^ p. c>, $284,310; hal., SUT.,
.•
V 7(i, p. BIO.
port for 1901-02 in V. 75, p. 5 17, 558; editorial, p. 521.
lii.roi. i.
19ol.
1900
1902.
$
I
Tear r.ndina June 30.
Net
;
dof.
9,100
143,785
450,177
299,120
498,002
(4)
I
$979,930
$972,789
$958,109
$971,297
$6sd,081
$052,774
$274,748
$886,175
Dlv. of
p. 0, ($"10,000) on pref. was paid Mar. 30, 1899. and semiannual di\ of 2 p.
($100,000) In Oct, 1900; 9 P. o. (*l(X>.ooo. k.pi
19(11. and 'J p. c. ($100,000) Oct, 1901; 2 p. o. ($100,000). Apr
and 2 p. 0. (1*100,000), Nov., 190J; on common, 1 p. c, paid May, 1902.
'dent and Icii.t.iI M in;t_'cr. W. II. MoDoel, Chicago;
i|-i
rer, W. II. Lewis, 19-« Custom House Place, Chioago; Secretary
.1. A. Hilton. 80 Broadway, New York.
Total
Surplus
1
.
.
i
i,
(
Dliectort— II. A.
,-. Ic, K.'M.
—(V.
b
''.'.
'
i
p.
;.i.
A. .1. TlioMum I'ltioMi, A. II. Oll'iml. A.T. Frertota
I'le Hour. I.. 111. New V.>rK: W. II. iloD .el. (J. II.
ind.; VolneyT. Maihut, intHiinup* Jia.
103l. lli'l; V, 7H, p, 157.)
Ill.kiii.iii.
Ch
m unlock. Lafayette,
7119,788,980,
Chicago JiiiuMoii ll«llwii),-Own" and operates a belt line
around Chicago from Whltini:, Ind.. to Kranklln Park. 111., frois Chappell. III., to U. B. Yards, and In the Union BtOCk Yards dlstrlOl I'onnectp.
frtth industries aud alldlvergluK roads. Total mileage operated 74 9^
-
.
July,
1903.J
RAILROAD STOCKS AND
BOM».
aS
36
INVEST0K8' SUPPLEMENT.
[Vou LXXVII.
July, 1903
KAUKOAD STOCKS AND
J
SulKKTllii'm will confer a -freat favor by glvlus liu mediate •• 1
KAII.ko.ad-.
-...^
„„
Miles Date
.
For explanation of column headings, Ac, see noteon first page of
t
CMeayo Milwaukee
Mineral Point Division
vDak.
Im
,,ext.,l *t
v. Dlv. 1st
Chic.
Wis. A
l.ooo
1,000
1,000
1,000
1,000
1.000
1st mo!
umed
Terminal mortgage, (fold.. P.o'
Dakota .
them let mortgage, gold V
Chic A Missouri River Dlv. 1st mortgage
v
Gen. M<for $150,000. oooi. gold ser. A..¥Ja.o*Ar
"H"3 -jh
o'
do
dO
Mtlv. A North* n lHt mort., Sohwarz.toQr. Ba
•
11
1
.
0'
nlidated mortgage
Okie, .r .v. ITmI, -Com. stk.. 977,601,049 aath.Tr
Tr
Preferred stook (not oumulatlve) see texi
Ch. A N. \V. con. s.f. M. ($12,900,000), not ilr •
Cedar Rapid* A Missouri Rlv.— 1st mort. 3d Dlv.
M. or
Rapid* to Dea Moinei River
Madison ext. 1st M.. g. (a f. 823.000.not dr*n).P
Menominee extlatMT.g.
;.i.ooo
;o,ooo
4,75
•
1,250,000
1!
I
In
500 Ao. b 2,977,500
c 2,546,500
1872 500 Ao. d 3,365.000
text
listed, Bee
1;
Formed
First mortgage of 0. 11.
84, p. 287.
to
is
for $2,500,000 (trustee, E.
;
VhltmgO
Kiilninii/iK)
Woodbury, Mich,
..
i
Jan.
July
do
6
6
6
5
5
5
6
5
A
A
A
A
5
4
A
g.
g.
1
6
I
A
J.
do
N.Y..co.
do
do
do
do
do
do
do
li.-F.
A N.
J. A D.
M.
g.
7 ff.
7 t
Ad
do
do
do
do
do
do
do
do
do
J.
M.
A
A
D.
8.
amount
dltlonal
11)10
1,
1,
1924
1914
Jan.
July-
July
Jan.
July
Jan.
May
June
J one
1, 1910
do
1. 1918
sOmoe.52Wal)
908, 3 Mi
do
m\ 1
do
1, 1915
do
1, 1916
J line 1, 1909
do
Apr. 1, 1911
do
June 1, 1911
do
June 1, 1917
do
D. N.Y..cii.Mll.AHt.P.Ry.
8
1910
1919
1909
•
do
do
do
do
do
do
do
do
do
do
do
A
5
34
N.Y.
.v
r.do
1,
1,
1,
1,
do
do
.v
,
.1
In treasury, see text.
1
isury of the company (unsold) see below
Tot il reported by the company as outstanding
Kcseri ed for prior liens
Available or eventually to become available lor Improvements, there being included in this amount the
bonds originally reserved for prior liens, which have
since been com cited into pref. and common slock
in
-For year ending Dec. 31.1902, gros
17: net,
other income, 843,789;
charges, 8608(589; dividends
1182,000; surplus, 881,829.— (V. 8*7, p. 1262; V.68,p. 326).
$772,07s
».
riuN.-
aw.
Bonds
Francis
v
h.
mount tn the hands of the public
which Chic. Juno. Ry. owns 27-48, the balanoe being Operated
trackage rights and other agreements.
lease,
im/
1
ii-J.
March, 1 ^98, as a consolidation of the
Ohioago Hammond A Western and Chicago A Indiana State Line in
the Interest of the Chicago Junction Rys.A Union Btooks Yards Oo,
Olio
in
1.
7
7
7
7
709,000
1X71
1871
>t
.1
.v
S41u'02 Q.-J.
95.120
12.H32.000
ate
1*H4
treasury ami n
r.
.
6
A 7
7 In 1903
1,000
BOO
>t
a [nomding .Jul}-.
coupon Interest JAJ; registered
under
1865
dr.F
Fond-du-Lao.F
(a
Nortliw. Union lstM.,g., Mil. to
m., of
6,007,000
3,000,000
100
100
—
.\
7
1,000
2,856,000
1,000
3.083.000
1.000 ii-'l. oOO.OOO
1,000 alO,'J63,000
2,15
1,000
'•.000
1,000
.
.
5
4,7:
-
ill..
Rate
5
1,10
2,17
St, P.
.v
uny error
5
1,000
Dlv. 1st mort., gold.F.c
Minn. Div. 1st mortgage, gold !•"
1
Cn. Mil.
6.67o.ooo
2,500,000
500
,i.-rlor
ol
$7,432,000
1.000
1,000
1
Lacrosse & Da
Wlso.Val.KK.co. latM., Tomah to Merrill, Wls.c
Ml
Wis. Val. Dlv. 1st M.s. f.notdr'u
Dub. Dlv. let M., 8. f., not dr'u
N B.C
0. Dlv. 1st M.(Ch. to KittredgebF
do West'n Dlv. 1st mort., (see text) gold. P.o'
Far
Outetandlna
•1,000
1,000
<••
1st
Amount
Par
Komi*. Value,
Pmu l (0m$96\—
P.o"
v
mortgage
M. ($1)90,000 5
V 0'
mortgage
St.
.t
So. Mlnneso-
«•
<
:t/
,NI
oi-« -.
Size, or
of
of
Uii.nl.
1
BONDS.
Snirliiaiv Ity.—Owns 55 miles. Pavilion
common, $2,000,000; preferred, $450,$675,000; pref.. 8271,000; par of shares,
A
stock,
000; outstanding, common,
$100. The first mortgage is for 9225,000 to Union Cruel Co. or Detroit,
as trustee; bonds all in treasury ; cut rent accounts Jan. 1, 190
in 1901. gross, $84,248; net, 125,715; int. on di
336.
dividends, $6,266. President, E. Woodbury; Treas. and 8eoy. II. 0.
Potter, Kalamazoo, Mich.— (V. 61, p. 1068.)
27,948,500
Total authorized
1
The $34,263,000 outstanding include ft;, 000,000 Issued (on
17s miles of sundry small branches on which the general mort
a first lien, and to retire the 82,600,000 tirst
tga«e bonds or
Chicago Bvanston
iperlor Ky., a Chicago suburban
89,193,000 Issued to replace prior bonds paid ami canceled ai
070,000 for additions to property.
iiutalt/.atlou per mile or roil June 30.
cvi. mnvn
itereet oh
,879; bond-.
in Oct., 1902, made a traffic agreement with the Union Pacific RR.,
from
terminable on notice, for through passenger and fl
Chicago to the Pacific ooast V. 7
p B48.1801; V. 76, p. 101.
Iii
Apr., 1901, stockholders subscribed to +*,<'' 3,200 new stock at
par. the proceeds to reimburse tim oompany for 801 miles
provide for K.
cut-ofl
built during
and other nei
construction, to cost 84,800,000, and In
Jan., 1002. $2,362,100 additional common stock was sold to pay in par
miles of new road, equipments and improvement-, v. 72, p.
437,935; V. 7 1. p. 378. In Oct., 1902, the rate of dividend on com
moii was Increased to 7 per cent.
The funded debt was Increased during the year 190
of general mortgage bonds and was decree
underlying bonds retired and canceled; of the latter $2,024,000 were converted Into preferred stock. Of the funded debt there
.011,000 (again
was in the treasury June 8<
'Owns general mortgage 3 >«s and
June 30, 1901), of win
$159,000 gen. M. 4s. During 1900-01 $4.0oo. 000 of the general 3 »«8
V. 71, p. 1119; V. 7
and 8100,000 general
Average freight train-load in 1901 02 was 2 54 tons; rate per ton per
mile, 0810c in 1900-1 train load. 236 tons; rate per toil per m.O Bole.
K minings. — 11 nios ,) 1902-8... Gross, 84
July 1 to May 31.
1 1901-2.. .Gross,
41,789,408; net, 14,2
roRT.— Fiscal year ends June 30. Annual meeting 1b
September. Report for 1901-02 was given at length In V. 75, p.
held in
See also editorial, p. 524. In 1901-02 of 19,885,573
B.
freight carried, grain furnished 23 p. c; other agricultural products,
2 p.o.; coal and coke, i:{ p. c; lumber, 9 p. c; other forest products.
9 p. c, and mlscellamo,-,
p. 0.
00.
1901-02.
1 90O-01.
6347
6.512
Aver, miles operated June 30..
6,604
-..".14
-erearnlngs
Pi
31,220,217
Freight earnings
39,516,812
(1357,992
5,961
8,071,804
Mall, express, Ac, earns
8,177.848
Total earnings
$45,613,124 $42,369,Oi2 $41,884,692
1
1
..
t/hteaco Lake
BboreA Baatern
ll y.— Embraces 159-01 mile*
of track, connecting the various works of the Illinois Bteel company at
Chicago, Juliet and Milwaukee with diverging trunk lines, and, also
with steamship lines, atone quarries, industrial establishments, etc.;
also by trackage rights over [49*54 miles of roads reaches the ooal
fields Of lllinoi- and Indiana and Juliet, 111., handling between South
Chicago and these points a large trafflo for t lie Illinois Steel Co. The
stock, $600,000. and the bonded debt (83,280,000) are owned by the
Federal steel Co., and thus continued b;
Corp.
.iiient, Deo. 31, 1899
Locomotives, 54; freight oars, 3,077;
cabooses. 11. steam wrecker, 1.— (V. 64, p. 422; V. 67, p. 428, 483).
:
Cblcauro Milwaukee
from Chicago westerly to
Omaha. Neli., and Kan
St. Paul Ry.- (See Map.)— Operates
Paul, Minneapolis and Lake Superior,
Mo., with lines, traversing Illinois,
Iowa, Ml.-sourl, Michigan, Wisconsin, Minnesota and the Dakotas, viz.:
Roiul.
Road.
Milci.
Miles.
A:
St.
I
2nd A 3rd tracks
298
Trackage (includ. 2d track)... 169
History, Ac— The Milwaukee A 8t. Paul RR. Co. was organized May
6. 1863, and on Feb. 1 1, 1874, took Its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee A Northern to the st. Paul was
In Mar., 190:1, lie Wisconsin Western
ratitled in September, 1893.
K. K., La [Targe to Wauseka, Wis., ~>2 miles, was acquired, and will be
operated separately for the present V. 76, p. 541. Extensions from
Farmlngton to Mankato, Minn., 56 miles; Cumbrota bo Faribault,
Minn..
miles, ami Eureka to Linton, K. D., 49 (miles, wen
plated In 19iK(. V. 75, p. 656; V 7b. p. H91. Branch from Wausaukee, Wis., west to (iirunl .let., is miles, was opened June. 1903.
Capital Stock.— The preferred stock has a prior right over the
common stock to a dividend of not over 7 per cent from net earnings In
each year, but If not earned it has no cumulative right. After payment
no rata.
of 7 per oent on preferred and 7 on eommon,bothola
Lines owned (of which 26
miles owned jointly)
6,604
|
t
:i.~>
Common
stock raised to $58,183,900, by stockholders subscribing at
parte 10 percent Increase ($8,673,200) In April, 1901. and 100 additional sold In Jan., 1902. See below. V. 72, p. 487.
The stoclcholders voted on Oct. 4, 1902, to increase the
authorized common stook from $58,183,900 to $83.1*3.900. See
Preferred stock on Deo. 31, 1873, was 812,274,
V. 75, p. 793
has been Increased to present figures almost entirely by exchange
of convertible bonds for stock, only about $9,000,000 bavin
In Dec, 1902,
issued for other purposes (Improvements, etc).
$3,306,000 prior lien bonds were exchangeable.
'90. '97 to'00. '01. '02.
1903.
DIV8. since '89. V90. '91. '92. "93. '94. '95.
I
[-002442
77777777
On common.
On preferred. 3
In 1902, on common,
4
5 vearly
(>
yearly 7
7
I
7 Ai)r.:Ha
p. 0. extra,
April. 3 p, c; Oct., 3'-j p. D, and **
making 7 p. 0. for the year. V. 75, p. 549.
Bonds.— Abstracts of some of the older mortgages wore pub-
V. 4s.
convertible into preferred ttock at anytime
been declared and
within ten days after a dividend shall have
payable on the preferred Iowa A Dakota Extension 7s and Chicago
Milwaukee A St. Paul consols of 1875. The consols of 1874 also
are convertible into preferred within 15 days after dividend day. The
Mar. '93. p. 2.
convertible bonds were fully described In Sut>ri
Ohicaao <t Pacific Western Division, see SCFPi.i
t Ol Jan. 1901.
Terminal rive per cent bonds of 1884 cover terminal property
of several hundred acres in Chicago and Milwaukee.
The general mortgaqe of 1889 (see abstract In V. 48, p. 830) Is for
$150,000,000, to the fjnlted States Trust Co., of New York, as trustee,
and covers the entire railway property and franchises of the company
(therein described) subject to prior liens as below mentioned. The
prior lien bonds cannot be extended, but will be paid off at maturity.
On June 30, 1902, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose Indicated, viz :—
lished in the
Chronicle, V. 45, pp. 85, 114, 144.212. and
The following bonds are
:
'
'I
I
.
fl
I
;
U
•
Maintenance of way
$7,219,136
Malnt. cars and engines
Transportation, gen. exp., etc..
14,8
$7,503,3*0
3,0!-
3,31
1,322,047
1,
Renewal account
Additional equipment.
Miscellaneous
Total expenses
Netearnlngs
Other income
2,4"
1,47
'.-71
$30,l;e
$15
Total netlnoorae.
$13,463,855
144.756
-.4,391,509
I
434.315
$15,850,544
174,(
$1
.
Djterestondebt.eto
6,210.08
Balance for dividends
Dlv. on common
(7)84,072.87
Div. on pre;
,7
11.726
Balance, surpli
OFFiCKR9.-Chalrinan. RosweU Miller, 30 Bt
: Treasurer, F. G. Rauuey,
President, Albert J. Barling,
Chicago;
Milwaukee.
I
I
WD
Me»,
WUlUm
-
New York Omoe—30 Broad
Chicago
A:
St.-(V. 76.
p.
101, 541, 1191.)
North. Faililc lilt.—Chicago Terminal Transfer RR.
Ohleaspa a Ifartli Weatera it>.—
.. with Om.r
portant system of roads unit
Paul Minn., with the great wn
with the mining regions of Michigan and the Black
I
.
.
INVESTORS'
38
RAILROADS.
Date
Miles
SUPPLEMENT.
Size, or
Bond*— Princi
INTEREST OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stock*— Last
Amount
Rate per
Cent.
Chicago & North Western— (Continued)—
Winona <x St. Peier mi uiv/> * (now 1st) assumed.
let uiort. ext., gold, land grant, a. I., ass'd.o.F'
Plain view RR. and Minn. Val. 1st mortgages
Rooh. A- No. Minn. 1st mort.. guar, (assumed)
Dak. C. 1st M., gu. (Watert'n to Redtleld, si. D.)F
Dak.C.lst M.onSo'eastDiv.(toIIawarden) gu.l 11
Menominee River 1st M., two series (assumed) F
Mil. A Mad. 1st M., Mil. to Madison (assumed) Fc*
Chloago A Tomab 1st mort., guar, (assumed) F i
.Hi
Chicago Milwaukee & N. W. construe do
Dee Moines AMlnn.lstM.,DesM. to Jewell Jo. FAe
Ottum.C.F.A St.P.lst M.($25,OO0 p.m.), gu. I
No. m. 1st M. ($20,000 p. mile), assumed In e"
Mil. L. 8h. A W., Consol. M. (now 1st) gold <
Mich. Dlv. 1st mort. (for $3,000,000), g..< U
<"« r
Ashland Division 1st mortgage, gold
Deben. (see text) see. by mort of '89, g... <>.<•Ext. A Inip.M.for$5,0O0,000,g.,s.f. notdr.Cc 0"
.
nf
Income bonds
cum
(not
r
i
Marsh. Ex.l8tM.$600,000($15,000 p.m.). Uu c
C.&N.W.8.f.bdsor79($15,O0Op.m.)r'd.atl05.Fo4r]l
o*&r
Sinking fund debentures 1933 Un
o**r
25-year debentures U n
o*«kr
Chicago A No. \\ 30-year deb I;n
Exten. 4s. $20,000,000 ($20,000 p. m.).Un.cAT
Gen'l gold bond, mort., $165.0OO.0O0.Ui». o*&r
Bover Val. Ry., let M., ... $1C,000 per m.F.c\kr
Minn. A la. Ry.. 1st M.,g.. $16,000 perm.F.o'Ar,
Mankato A New Dim, 1st M., g.. $410,000 F.o Ar
Southern Iowa, 1st mort.. $1,120,000, g F o\tr
H Coupon Interest M. & N.; registered Q. F.
Princeton A North., 1st M., $2,100,000, g.F.o'Ar
Chicago
1867 $1,000 $1,592,000
1871 100 Ao. It 4,038.500
1878
250.000
200.000
1878
1882
a 1,007,000
1882
2,000,000
•76-'80
560,000
1880
1,000
1,600.000
1880
1,528,000
6 601,000
U882
1,000
1888
600,000
1884
1,000
1,600,000
'24
71
125
31
82
152
57
64
76
413
82
40
693
693
1^^
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l.OOOAc
90
119
26
56
1881
1884
1885
1887
1889
1881
1892
1879
1891
1884
1891
1886
1897
1898
1899
1899
1900
105
1901 l.OOOAo'
"40
041
i
Miles
7,205
Princeton
Western
St. Paul Eastern Grand Trunk
&•
16
Pekin
Un
.(leased).
444; V. 75.
1,500,000
5,000,000
1,281,000
1,000,000
,
8eml-an
M. A 8.
M. «v 8.
M. A N.
A
A
M.
M. A
F. A
M. A
5
M A
5
6 g. M. A
6g. J. A
6g. M. A
8 g. F. A
8 g- F. A
M. A
6
A. A
5
A6 A. A
M. A
5
M. A
5
|
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
ao
do
do
do
do
do
J.
do
do
J.
J.
M.
8.
.V
.
N
N.
A.
8.
8.
N.
J.
8.
A15AO
l.OOOAo ml99650O0
l.OOOAc
) ,440,000
l.OOOAc
1,901,000
3>s
g.
J.
3ijg.
3»«g.
J.
'416,000
1,000
1,000 Ac N'neJune'02
A.
3*3 g.
M.
3>«
1,940.000
J
g.
A.
A.
N.
O.
O.
N.
N.
F15AA.
f
A
A
A
A
A
D.
D.
O.
Annual Report.— Flsoal year ends May
Miles.
2d track
797
Large interest owned—
Chicago St. Paul Minneapolis
A Omaha
1,606
2
p. 446.)
In December, 1891, the Milwaukee Lake Shore A Western RR. was
bought by an exchange of stock. 8ee V. 57, p. 375; V, 56, p. 792.
In 1900 various proprietary roads were purchased and in 1900
to 1902 others built in the Interest of the C. A N. W. were absorbed.
Dividend.
N. N.Y.,Co. eOffloe,52Wall Nov.
D.
do
do
Deo.
5
4
3>«g.
to the road proper.
Branch from Evan. Tot.. Minn., to Marshall, 47 miles, was opened 'n
An*. L902. In June, 1902, extensions from Nelson, 111., to Janesvillo,
Wis., about 100 miles, and Verdigris. Neb., to Fairfax, 8. D.. 70 miles
(the latter From. Elk. A M. Val., of which 60 miles operated in Dec,
1902), were under construction.
History, Ac— A Vanderbllt line (V. 75. p. 1086) organized Id 1859.
In July, 1884, tbe capital stock of the Fre uont Elkhorn A Mo.
Valley was acquired, and in Jan., 1902, the road was about to be
absorbed. Its securities, except those held bv Chlo. A N. W.. are in
table above. V. 75, p. 1085. On June 30, 1901, purchased Sioux
City A Pacitio RR. at Government sale. V. 72, p. 721, 1236; V. 73,
p.
A
A
5
During the fiscal year 1901-02
223 miles were completed and
Total June 1, 1902
7,283 added to the road proper.
During the fiscal year 1901-02 223 miles were completed and added
Peoria
J.
436,000
4,148,000
500,000
400.000
12,590.000
l.OOOAc
9,800,000
l.OOOAc f 5,369,000
l.OOOAc K 9,819,000
l.OOOAc h 17489.000
60
(leased)
g.
Whom
Payable
M.
7
7
7
7
6
6
7
6
6
6
7
\
North \V«*ten» Ry.— (Concluded.)
a.
Road owned in fee —
Main lines, etc
Entire stock owned —
A
139
184
[Vol. LXXVII.
1,
1,
1907
1916
1908
Sept. 1, 1908
Sept. 1, 1907
Nov.
July
Sept
Nov.
Nov.
Oct.
1,
I,
1,
Sept
1,
1907
1906
1905
1905
1905
1907
1909
1910
1921
1924
1926
1907
1929
1911
1928
1929
1988
1909
1921
1926
1987
1923
1924
1929
1925
Jan.
1.
1926
Feb.
Men.
Men.
May
July
Mch.
Feb.
Feb.
May
Oct.
Oct.
May
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Nov.
Apr. 15,
Aug. 15,
Nov.
Deo.
June
1,
The annual meeting is
held the first Thursday in June.
The report for 1901-02 was given
at length n V. 75. p. 438, 444
See also editorial, p. 418. Advance
statement for 1902-3 was in V. 76, p. 1245.
31.
i
Of the freight oarried In 1900-1 (total 25,527,575 tons), ores furnished 23 per cent; lumber and logs, 15 per cent; grain, flour and mill
stuffs, 13 per cent; other agricultural and dairy products, 3 per cent;
ooal and coke, 15 per oent; metals and machinery, 5 per oent: stone,
sand, brick, etc., 5 per oent; live stock, 4 per cent; inisceL, 17 p. o.
CHICAGO A NORTHWESTERN PROPER
19f2.
1900.
1901.
Tear ending May 31.
1903.
5,218 "
Average miles oper.
5.507
5,760
Passenger earns
$10,886,139
33.436, 892
2,321.091
Freight
Mail, express,
Ao
$9,718,191
31,864,945
2,015,451
$9,002,688
32,008,684
1,939,433
Total earnings.. $50,041, 118*46.644,122 $43,098,587 $42,950,805
Oper. exp. A taxes.. 33,460,832 30,005,643 27,229,998 26,994,013
Net earnings
$16,580,286 $16,638,479 $15,868,589 $15,956,702
(63-18)
P. o. exp. to earnings (6R-80)
(6433>
(6285)
Total net receipts.. ..$17,157,366 $17,215,559 $16,445,669 $16,486,582
Net Int. on debt
$6,541,463 $6,406,038 $6,324,752 $6,069,384
Sinking fund, etc....
230.315
299.630
355,640
234,695
Dlv. on common
(7)3,060,783 (7)2,737,868 (6)2,346.744 (6)2.346,744
Dlv on preferred. (8)1.791, 598(8)1,791,5*8(7)1,567,650(7)1,567,650
4 ,169.526 _ 4,54 2,041
Real est., const., Ac. 5.013.702
4.697 ,055
Balanoe, surplus
$519,505 $1,348,305 $1,737,367 "$1,605,121
FREMONT ELKHORN A MISSOURI VALLEY (OPERATED SEPARATELY).
Tr. end. May 31.
1902.
1900.
1899.
1901.
V. 71, p. 291. 294; V. 73, p. 294. 1010; V. 75, p. 446.
In Feb.. 1903. It whs voted to lease and then merge the controlled
Fremont Elkhorn A Missouri Valley RR. V. 76, p. 381.
Grossearnings
Capital Stock.— Of the common stock $2,333,688, and preferred
§3,835 remained In the oo's treasury In June, 1902. Pref. stock has a
Net earnings
Total charges
then
common
7 p. o.; then preferred 3 percent;
then both olasses snare.
10, 1903. to inorease the
authorized oommon stock from $11,448,366 to $77,601,045 (making
the entire stock $100,000,000). See General Finances below. V.7o,
p. 1085, 1146.
The consolidated sinking "^und bonds of 1915 have voting power.
Divid.— '84. *85. '86to'93. '94. '95. '96to'99. '00. '01. 1902. 1903.
Common.. 7 6** 6 yearly 3 4 5 yearly 6
6
7
7
Preferred. 8 7*3
Below. Below.
7 yearly
In 1902, on common, Jan., 3 p. c July, 3 p. o. and 1 p. c. extra; In
1903, 7 p.o. On pref., Jan., 1% p. c; April, lh p. o., July, M i>. <•. ami
lp.o. extra; Oct., 2 p. c; In 1903. Jan., 2 p.o.; Apr., 2 p.o.: July, 2 p.o.
The extra dividends of 1 p o. eaoh on the stocks in July, 1902, Increased the rate for the fiscal year 1901-2 to 7 and 8 p. o. on the common and preferred stocks, respectively. V. 74, p. 1194.
Bonds.— (leneral Mortgage— See AbMtract In V. 65, p. 1175.
The authorized issue Is $1 65 ,000,000 U nlted 8tates Trust Co. trustee)
$131,645,000 were reserved to retire underlylngbonds, and remainder
for additions and Improvements, $4,000,000 at once and $1,000,000
a year thereafter. V.65,p.l070. V. 65, p. 69, 111, 571 V.75, p.«80.
The miking fund bonds of 1879 are secured by deposit In trust
of $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most Important being described in Sctpplkment of
May, 1894. Of the sinking fund bonds of 1879 $5,753,000 are 6s;
the sinking fund 1b at least 1 per oent of outstanding bonds, which
are subject to call at 105; and through its operation the amount
outstanding bus been reduced from $15,000,000 to the figure In tabic
The nnkmg fund debentures of 1933 have a sinking fund of $200,000
Ser year, If they can be redeemed at 105. See description of all t be
ebentureson page 2, hi i-i-i i.mkst of April, 1895.
The extension !,<, mis of 1886 are secured by deposit In trust of first
mortgage bondH at a rate not exceeding $20,000 per mile. Included In
tbe collateral June 1. 1902, were $l(>,67f),0O0 Fremont Elk Horn A Mo.
Valley Ists and $2, .*>(iO, 000 1st* V* yoinlng Central lets [consolidated
•with F. E. a M. v.], etc Bee r. i; A m. v. bondi below.
The Fre mo n t BtKkorn rf Missouri VaUen consols have a first Hen on
1,170 miles (Fremont Neb., to Dead wood, D. T., 557 miles, and
branches to Hastings, Albion, Ac, 613 miles), but besides the amount
of issue KlveO as outstanding in the table $10,675,000 are held an part
collateral for Chicago A Northwestern extension bonds Of 1886.
i he Boyei Vallej Minnesota A Iowa, Boone County Mankato A Blew
Ulm. Minnesota A South Dakota and Iowa Minnesota A Northwestern
bonds weie assumed In June 1900, the roads being absorbed upon
completion; also In 1'jOI the Honthern Iowa tin Peoiis A North w est
srn and the Princeton A Northwestern and Un
,v
I'aciito
(see description of lis bonds v. 78, p. 444,1159).
See V. 71, P. 88,
£rior right to 7
ten
common
p. o.;
3 per cent:
The stockholders voted on February
<
;
l
(
,
;
291,'.'
Tin- Orel Issne of (•30,688,000]
refunding bonds
old to provide for 818,187,000 old bonds
maturing up to In
902, re lining interest charge nhoiil if
v 76, p. ir>7.
n nds" above end v. 80, p. 09.
Btockbolderi In Feb., 1908, subscribed to 89,228,110 new oommon
st oik nt oai to ihe extent or 15 p. <•. of their holdings, raining the
amount oul -t. .riding to 848,808,000. V. 7.r>. p. 10
tons, against
In 1901 OS
bga rreight train load was 21
232 tons in 1900-01; rate per ton per mile, 0*81 of a cent.
i
s.
<
1
.
;
,
p. 47, 157. 330, 381, 541, 704, 1245, 1247.)
Chicago Peoria
St. Louis Ry.— Road.—Owns from Pekin
to Granite City, 111., 180 miles; Madison to Bridge June, 3 m.;
Havana to Jacksonville, 111., 42 m. branch, Lockhaven to Grafton, 8 m.;
total owned. 233 m.; trackage, Pekin to Peoria. 10 m.; Granite City,
II... to Merchants' Junction, 3 m.; lnSprlngfleld, Hgm.: Madison, LIL,
Madimiles. Owns and operates Litchfield
to St. Louis station, 7
son Ry.. Litchfield Jet. to Madison, 44 in.; trackage, J.
St. L. Jet. to
Litchfield, 1 in.; total 300 miles.
Reorganization of Chicago Peoria A 8t L. RR. and St L. Chic A 8t.
Paul Ry., sold In foreclosure Jan. 8. 1900, per plan In vol. 68, p. 722.
Bonds.— Of the $2,000,000 prior lien 4^8 (City Trust Co. of N. Y.,
trustee), $575,000 are reserved for future extensions, improvements,
etc. Of the Litchfield
Madison guaranteed 1st 5s ($750,000 authorized issue), $600,000 will be used at present for improvements and
building a spur to Staunton, 111. V. 77, p. 147. Stock, com., $3,600,-
-(V. 76,
A
;
'•_>
A
A
A
000; pref.. $3,750,000.
Earnings.— For 2 months ending Aug. 31, 1902, gross, $266,242
against $232,767 in 1901.
Report for year to June 30, 1902, in V. 7C, p. 431, showing gross,
$1,402,775; net, $220,951; other income. $26,837; fixed charges, $234,046; b;il., sur., $13,742. President, Charles B. Kimball, New York;
Secretary and Treasurer, Ralph Blalsdell, Springfield. 111.; Asst. See.
and Asst. Treas., T. C. Wellman,
146.)
Clil<
New
York.-
(V.
76, p.
131; V. 77,
p.
IkIhihI A I'm nil Itnllroad.— Incorporated In
Iowa on July 31. 1902, lis an operating eonipany. per plauV.75.p.
239, to take over th- Chic K. I. A- Pa©. Railway The entire capital
stock + 145.O0O.0UO) Is owned by the Koek Island (holding) Company,
hut u- bond! (see above) are heid by the pilhlle.
BOVDS.- The collateral trust 4s of 190V (authorized issue $75,000,ood) ,re se. tired by a pledge with tbe trustee of an equal amount
of the stock of tbe c. u. i. A P. Hallway as acquired. In June, 1903,
.ioo of the 875,000.000 Hoiiway stock bad been acquired,
In 1903 #16,798,000 of an authorized Issue of $18,500,000 col
trust 5s of 1918 nad been issued with Rook island Co. stoek in payment tor *27.9rtH.3O0 ol the $30,80tj
-t. LoulS & San FrsUblSOO
com. stock. V. t;, p, 1406. -(V. 76. p. 1084, 119), 1X47, 1 lOii.)
ago Itock
(
'.
1010.
miiai. kinan<
at 3>s per ent ii
(.i
$4,589,449 $4,287,806 $4,121,458 $3,885,489
$1,377,065 $1,307,781 $1,246,124 $1,274,687
1.021.945
1,021.391
1,020,879
1.043.009
Balanoe
sr.$334,056 sur.285.836 sr.$224,733 sr. $253, 808
Officers.— President, Marvin Hughltt, Chicago; Vice-President and
Secretary, E. E. Osborn, 52 Wall 8t.. New York 2d Vice-President,
M. M. Rirkman, Chicago ; Treas. and Asst. Seo 8. O. Howe, New York.
Directors.— W. K. Vanderbllt, F. W. Vanderbllt, II. McK. Twornbiy, Samuel
F. narger, Chauncev M. Depew. James Stlllnian, J«mes 0. Fargo, Krank Work,
N. V.; Albert Keen, Lake Geneva. Wis.: Marvin llinrhltt, Frank Work. Byron
L. Smith. Cvrus H. McCormlck, Marshall Field. Chicago: B.C. Frlck. Pittsburg.
Pa.; David P. Kimball, Oliver Ames, Boston: Zenas Crane, Daltou. Mass.
I
i
i
i
i
;
i
Itock Ihlmid A 1'nilllr It) — St r M«}> lint k Island Co.
pt'ue* 1)8 and n:t.y Tbe system extends from
blcsgo, in., via
Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas
City, Mo., to Sauta Rosa. New Mez., there oonneotlu with the lines
of the New Mexico Ry. At Ooal Co. ami forming with them and the
Honthern Pacific a through line to the Psoiflc coast; also from Tuoum<
oari, n m.. to Memphis, Tenn.. ami to (Tori Worth. Tex., on tbe south,
,ni'\ on tbe north t.> Minneapolis, Minn, ami Watertov a, 8
Dak., with
<
lileajzo
.
r
•
niim
us branches, vl». (see V. 75, p.
1
150; V. 76, p. 751
Jii.y, 1903.1
KAILKOAD STOCKS AND BONDS.
3*
n
c
40
c
LNVESTOKS' SUPPLEMENT.
Chicago
Jt
North Western (Concluded).—
1901 l.OOOAc
1901 1 ,000 A100
1900
1.000
1000 l.OOOAe
1883
1,000
1900
1,000
1.00(1
1900
,
i
230
230
d 8t.L, Pr. UenM., g., call at lOT'-j.rl.c
m., $2,000,000, g., called at 108 < o
M., k. (text) Don-onm , called at par
0,000, g (rn.. p. a I.F.C
Ch.n. i..ri-.ie ui:. Col.1 M.>75.ooo.ooO.Ce o*Ar
00. g., red.
Chic. Bock I -hi A Pac.Ry
.000).
1st M.,( hie.. OL, to Council Bluffs A- It'. >hl - I a.i
Chic. !',.
OonaoL
BC
Inoome
Col.
M
tr.
Chicago
.-
81.
1
786
3.128
!
1902
Ser.B to P.rtueyrl
hum rf Netr Orleans Bee
Paul Mum. et Omaha
ILL.
1.000
190(1
1903
1,000
1902 1.000AC
1903
1.000
100
1-77 1,000 Ac
44
,
Genera! mortgage, $100,000,000, gold...Ce
CliiciujH st.
i:
pal,
per When
Cent.
Payable
Where Payable, and bv
:!.-
Whom.
When Due.
Stocks— Last
Dividend.
I
Peoria * Northw 1st M., $2, 125,000. g.F..o**r
125
Sioux City A Pao., let M.. g.. ^4,000,000 I
BiouxCltvA Pac, pref. stock (1st M. on m.)...
6
33
Minn. £ Bo. Dakota, 1st M
!8,000 F
Iowa Minnesota A Norl
LstM., g.F.o'Ai
1.170
From. Elk. AM. V.oons. M. $25,000 p.
!
Bonds— Princi-
INTERE8T OR DIVIDENDS.
RAILROADS.
Mile- Date 81re, or
Amount
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value. Outstanding
on first page of tables.
LXXVII.
fVoL.
.OOOA-c
1,000
•
3ia
2,125,000
4,000,000
M.
A
New
S.
«V
A.
York, 32 Wall St
do
Mch. 1. 1926
Auc 1. 1936
Apr. 1,'03,3»«
do
-.000
J. A J
do
Jan. 1, 1935
3,900,000
J. A J.
do
Jan. 1, 1935
..000
A.
do
Oct. 1, 1933
4i<2ir. M. A
1,425.0* o
S. N.Y. office, 52 William
Mch. 1, 1930
2,000.000
8 g. J. A- .1.
do
do
July 1, 1930
2,000,000 dp toop er cent when earned.
Julv 1, 1930
M. A- V N Y. olllce.52 William. May 1, 1923
4 g. M. & N.
7,000
N. Y., First Nat
Nov. 1, 2002
Int. from Sept. 1,
16,793,000
Sept. 1. 1913
75.0011.00(1 See text.
Ou»r.
>rk and Chicago. Aug., '03,
I
ti
N. Y., First Nat. Bk.
12,500,000
July 1, 1917
60.581,000
4 g. J
do
Jan. 1. 1988
do
.000
4 g. M. A- N.
New York.
May, 1904-18
g.
3>*g.
7
3»*g.
3»sg.
6
9(i..*00
F.
A.
do
do
do
do
do
& O
--.
m
1
.1
I
100
18,558.953 6 in 1903 P. A- A. N. Y., Office, 52 Wall 8t Aug. 20. '03 3
03,3i*
;;, noii-cum., including scrip
100 11,259,912 7 in 1903 F. A A.
do
do
Paul Stillwater A Taylors' Kails i-t morl
21 1878 500 Ac.
7
do
do
Jan. 1, 1908
834,800
J. A J.
Hnd.ABlverFallslstM.. Hudson to River Falls.
12 1878 500 Ac.
125.000
8
J. A J.
do
do
July 1, 1908
177 1878 J500 Ac.
Ch.8t P.A Minn. 1st M.,g.,i:iro\
1,901,000
do
do
May 1, 1918
6 g. M. A N.
St. P. A Hioux City, 1st M., g..$10,000p.m..Ce.c
607 1879
1,000
6,070,000
do
Apr. 1, 1919
6 g. A. A O.
do
No. wis. 1st M. Lake BtC.ton'rBpoonerasB'd.Ce.0"
80 l*sO
1,000
701,000
6
J. A J.
do
do
Jan. 1, 1930
M. A N.
Sault Ste. Marie A Southwest'n 1st M.,assumed.c
37 1890
1,000
350,000
5
do
do
Nov. 1, 1915
C.8t,P.M.AO.M.,$30,ooo,ooo ($15,000 p.m)Oe.e*
1880
1,000
14,011,000
6
do
J. A I).
do
June 1, 1930
1880
lie
1,000
2,000,000
J. A I).
June 1, 1130
do
Consols., Interest reduced.
3»s
1,000
394,000
5 g. J. A I). N. Y., Mercantile Trust. June 1, 1936
Chic Term'l Tr. 11H— Ch. AGtW^lst &L, g.,ass'd.o'
1886
650,000
M. A N. To City of Chloago.
5
May 1, 1938
Citv <)t Chicago purchase money mort, assumed
i',000
91 1897
13,635,000
4 g. J. A J. N. Y., Mercantile Trust July 1. 1947
GWc.Term.Transl.l8tM.,g.,$16,500.000lJa.o*&r
100
5,000,000
Julyl, '03, Ha
Ohicat/n >t Western Indiana Stook (see text)
6
Q.—J.
Chloago.
9,7»::i,000
1,000
Q..— M. N.Y., J.P.Morgan A Co. Deo. 1, 1932
General M.. gold, sink, fund, sub), to call 105. .o'
48 82-92
6 g.
0"
1.000
1902
8,195.000
4 g. J. A J. Ill.Tr.&S.Bk.Chic.ANY July 1. 1952
Consul, mortgage. $50,000,000. gold IC.
Ln addition the sinking Hind June 1, lt<02, held. a. $58,O0o; b. $172,500; <•, $150,500: d, $135,000; «\ $149,000; l\, $521,000 (and $10,000
li, $1 .143,000:
k. $202,500:
$573,000; IT Coupon Int. M. A N.: reg. Q.— F.
In sink, funds JuneJ, 1902.
on hand); ;., $181,000
....
<
!
8t.
I
I
I
m
;
Elwood
to
Texhoma, O. T
Chicago R.
494
349
569
109
956
Herington,Kan.,toTerral,I.T
Horton, Kan., to Roswell.Col.
Gowrie to 8ibley, la
Branches
,v
Moines
l)i -
v
..it..-
:
&
Miles.
Gulf.
Income from loans, etc
986,849
92
123
Total inoome
Rent leased roads
Interest on debt
Missouri River bridges
Dividends
(4)2,247,900
Balance
338
Total lines Nov.. 1902. ..7,033
Under vii ttruction —
Louis Kans. City
Other mileage
St.
A
Col...1J294
730
Total system Nov., 1902, lncl. projected mileage, etc. (about). 8,057
In April, 1902, the greater part of the stock of the ChoctawOklahoma
Gulf RK., including Choctaw A Northern, etc., 1,076 miles in all,
was acquired. See below; also that Company and V. 74, p. 775, 1354.
In 1902, also, most of the outstanding stock of the Burlington cedar
Rapids & Northern and Rock Island
Peoria (which see) were acquired, and their roads leased rrom June 1. V. 74, p. 1 194, 1250.
As to Des Moines A Fort Dodge RR., see V. 74, p. 1037
In April. 1902, purchased all the stock and bonds ot the St Louis
Kansas City A Colorado, St. Louis to Belle, Mo., and building westerly
to Kansas City, thus forming when completed a line into St. Louis 294
miles V. 7.">. p. 665. See K. C. & Col.. V. 76. p. 158.
Other proposed extensions Include one from Fort Worth to Houston,
268 mile-; Amarillo, lex., to Tecumcari. N. M., 125 miles; Ardmore, I. T., to Dallas, Tex., upwards of 200 miles In Oklahoma, etc.;
V. 75, p. 1156. See also V. 75, p. 1398. Extension from Lawton, O. T.,
to Waurika, 41 miles, was opened December, 1902.
Hibtoky.—The present Chicago Rock Island A Pacific was a consolidation .Tun* 2. 1880. with $50,000,000 stock authorized.
In July. 1903, $69,557,400 of the 975.000,000 capital sioek was deposited per plan V. 75, p. 239, each $100 stock being exchanged forthe
folio wink.- seourll es: $100 in 100-yesr 4 p. o. gold bonds of the Ohio. R.
oatt (of Iowa), the new operating company, and $70 preferred and 6100 common stook of the "Book Isl'd Company" (of New
1, which owns the entire eapit *1 stuck of the Railroad company.
See also statement- Of those companies in this SUPPLBMBHT.
Stock.—In July, 1901. stockholders subscribed to $10,000,000
additional stock, raising the amount to $60,000,000. See below. In
1902 the stock
by sale of $-.235,500
at par to shareholders be Issue of $5,88 1 Oco takes up Burl. Ced. Hap.
A Nor. and Book is la nil a Peoria minority stock- of $2,000,000 to pur'n
A olorado By., and by sale of $880,500.
A
&
I
t
(
(
V. 71. p. llfl
>'92A'9S '94 '95 '96 '97 '98 '99 to
since :io.
nt
..
In Jan., 1903,
..
.
I
'l
dividend and 8 p
for
(
3^ 2
per cent wa- paid,
0.
Vug,
"
2
1
s
m u
V
1
viz.:
1903.
5 yearly. Below.
regular quarterly
2»s4ifl
1 '4
'02.
p. c.
"adtanoe lajment of pan of dividends
Funding m
tor $100,000,000; $5,500,000
were available utter 1002 at $18,000 ]>er mile, to retire bonds od
.mi remainder are issuable at not over $1,000,000
num for permanent improvements ami additions, including
equipment. Bee Mortgage A bntract in V. 66, p.
The collateral tn
000.000 anthorlzed) Il^^
'i
by deposit
»0 stock of the Choctaw Oklahoma A Gulf BR. (see thai company); the portion unissued Is refor the actual cosl of the remaining Choctaw
Berred for
stock at no! over •
-hure for the preferred and
B"N
1
i
Shan
V. ,1, p
luinnii.
Omn
July. 1902, stockholders subscribed at
stock, to construct or purchase new road;
ond track, linpru
equipment V. 72. n. 1185:
Iii
I
fling
par
1
•
1
r.
ircri
Mile-* opei ste
31—
!,
mo
1
J>.
1
oj
,
W a-
in
v 71
1901.
1900.
$8,080,164
19,
Mall, <
•
•earnings
to
1
1..
$28,385,846
10.OU
17,730,398
$5,541,037
New Orleans
lty.— To form a
San Francisco from
north-aud south trunk line tor the St. Louis &
Chicago an i St. Louis to Memphis and New Orleaus. w ith numerous
branches, a total of 2,0*9 miles, including the following subsidiary
companies of the At. L.
8. P.: viz., the Chic. A Eastern Dili
Louis Memphis A- Southeastern, 8t Louis A Gulr. st. Louis San
Francisco A New Orleans, aud 325 miles to be constructed from
Memphis on the west side of the river south to Fort Adams, and
thenoe 100 miles by Illinois Central trackage t<> New Orieantrolled by toe St Louis A Ban Fran.
V. 77. p 85, 146.
Stock authorized to he $10,000,000. A consolidated mortgage (the
limit being commonly reported as $140,000,000) will be ma
refunding and other purposes. An arrangement has been D
guarantee jointly with the Southern Ry. the New Orleans Terminal Co.
4 p. 0. bonus (present issue $3,500,000).—V. 77, p. 35, 145.
Cliicasro St. Paul KilUteapolla A; Omalia Ky.— ( See Map Chicago <6 North Western.)— Roxu.— Mainline Elrov, Wis., to Omaha. Neb.,
593 miles; other lines, 1,064 m.; total, Jan. 1. 1903. 1,657 m, of which
1,588 are owned and 69 miles leased. V. 69, p. 1147. In Apr.. 1901,
the Chippewa Valley A Northwestern Ry. was incorporated
struct a line from Kict> Lake, Wis., northeast about 100 miles, of which
36 miles wire operated in Jan.. 1903. Of the
Chippewa
Falls & Northeastern Ky., 28 miles from Chippi
Vis,, to Holconilio were opened in Dec, 1903. V. 76, p.
History.— This was a consolidation July, 1880, of the Chicago 8t
Paul A Minneapolis, the North Wisconsin and the Bt Paol A Sioux City.
In November, 1882, a controlling interest in the stock was purchased
ior the Chicago A North Western Railway by the acquisition of 93,200
shares' of common and 53,800 shares of preferred.
Stock.— Authorized common, $21,403,293; preferred, $12,646,833,
Held by the company Dec. 31, 1902, common stock and scrip, $2,844,340 preferred stock and scrip, $1, 386,921. Preferred stock has a prior
rit'ht to non-cumulative dividend of 7 percent; but common is never
to receive more than is paid on preferred.
A
—
I
t
Divs. since '89
)
Common, p.o. >
Prof., p. c
>
'90 '91 '92 '93 to '96 '97 '98 '99 '00 '01 '02
1903
2 3 1*
5
None.
2
5 Below
6
4 4 6i$
7 per ann. (3»s FAA.)
>
Bonds.—There are $75,000 Minneapolis Eastern
$25,361,695
$22,650,604
1st
111.
guar. 7s
due Jan. 1,1909; $1,500,000 Superior Short Line By. bonds are owned.
Chicago St. Paul A Minneapolis 1st (is. due 1918, and North \W
due 1930, are exchangeable at option of holder at anv time,
dollar for dollar, for oonsoL 6s of 1880, due 1930. V. 68, p. 521.
In
$2,000,000 31* p. c. con
1003,
p. 668,704,
Lands.— Sales 1902, 31,035 acres, 6128,666; unsold, 205.5 11 acres.
Latkst K vkninos.— From Jan. 1 to May 31 (5 inouthB), gross,
$4,600,931 In 1908; $4,500,811 in
\nm al Rki'okt.— Report for 1902 was in V. 76,
I
Year enduii) Dec. 31—
1902,
$11.
Gross earn 1111.-1
Operat'g expenses and taxes.
Net earnings
$4,424,272
111. s76
Net rentals paid
Net int. on debt (less other inc.) 1^894,059
Div. on prat StOOk
(7)787,976
Dlv. on com. stock
(6)1,113,300
Appropriation for imp'ts
600,000
surplus or 1:1:. (o
$417,061
'•
-
p. 649.
1900.
1901.
$10,342,000
1,196,101
7,014,270
-2. 134
109
1.3 13.097
p.
sales
1166; V. 71,
~:i.l54
$3,852,846
0,248
1,34
(8)92*;
:
600.000
$1 10.906
p.
627, 1260; V.76,
7,750
,
,1
-\3tttf
Netfrom land
,011
649,668,7041,
p.
BR.—Property.— Oon«
terminals In city of Chicago, lines of railand a belt line around the
npany
land In and adiaoent to the city,
"acres
are In the centre of the buslni
also Inclu
feet of
dock property on Chloago. River, Nearly all land, includln
upon
which tracks have been built i- owned in
miles;
Tom Chicago Junction Ky., 11 miles; trackage. 7 miles; total,
los miles; 2d track, 64 m.; sidings. Ill m.; total all tracks. 273 miles
June, is;t7,of Chloago a- Northern
History.—A reorganisation
and Chic. A- calumet Term., plan V. 64. p. 8881 898. Is Feb..
1901, Ilarriman IJ ndicale acpim-d con 10L V 72, p. 2 11, 580.
Bait. A- Ohio, ch
Hammond
in, Suburban KU. Co. of Chicago.
Ii
Uiuls
ad
way leading
owns 7'
freight
thereto,
1
m
1
1,23 1,283
$2,462,475
i
Loala "leniphlN A
1
107.
Freight
$4,973,043
*3.097,326
71 Broadway.—(V. 76, p. 1029; V. 77,
ottice.
hi< asro St.
.
n
1
Passenger earning*
<
..
1,981.
Report for
-
N. Y.
Oblcaco Terminal Transfer
aer Income,
the
19o3. §4,870,400; baL,
1900.
$7,668,153
3.000
698,440
$11,079,970
$756,954
2,951,322
150,751
Ill
M
No. Topeka, Kan., Denver,
Col., Pueblo, Col., etc
1
km-s
1901.
$S,199,602
7,500
693,879
130
T., to Tex.—
N. M. line
Terral to Ft. Worth, etc...
Ch. R. I A El Paso. TexasNew Mexico State line to
Santa Rosa, N.
Trackage to Kansas City,
Burl Ced. Rap. A Nor
.11,367
Rock 1-1. mil A Peoria
120
Choctaw Oklahoma A Gulf 111,076
j
Net earnings
From land department
Tex.—
Okla. lino to Amarillo.Tex.
162
144
IT
Fori Dodge. .^
I.
1902.
$10,131,121
12,000
Texhoma, O.
Total owned Nov. 1, 1902.. 3,318
Leased, etc.— (!1 Which see.)
47
Peoria A Bureau Valley
IT
Keokuk
•
Controlled— Opcr. Separately—
Miles
Lines oxcned—
Chic, 111., to Council Bluffs.Ta. 500
Davenp't, la., to Atch'n, Kan. 341
.
n
July,
O
i
.
RAILROAD STOCKS AND BONDS.
1903. J
RAILROAPB.
__
West Micl
(fi
Chicago Wisconsin
Choctaw
Mempl
<£
,t:
Choc. Oklah,
Prefcrr.
Gulf
it
.
i'khk .Mai:
Minru tola— See W
hoc. oki.aii. a
coin.
./
.
Bonds Value.
<
i
;
SO
d
«.
P
•
GP
Consol. v
I
000,000. gold. UP.
Car trusts, gold, $5<>,000 Oc( I, yearly
U i* o
B, $70,000 s. a toAug.'Oi
000.OP
I03.GP.
White A HI. id
U.,g int. gi
5,062
<(
I
1
Cincinnati Hamilton
1
a
i\i.
Comma
Dayton
i
i»
p.O,
I
pre
Oonsol. mort. (now lsti $
do
cum
dO
1875
B.i
mo
I
Tie.
..
....
W. 1st M. g„ red. at 1 lo \ guar, p. a l. (end.)O,
G.I.A W.lsl A ref.M.,$4,200,000g..gu.,p.*l.enNo
1
l.oOO
l.ooo
1903
car crusts Jane 30, 1903
38
Cincinnati Leba
lsteon.M.61,500,000g.gu.p.Ai.en.(V.75,p.l3
7QO 000 addition
J
do
N. Y.,
4 g.
185.000
244,000
Tn
ooo
Y
N.
B
lrn-t
.
4
*i
(B66
:
to responsibility, to become the successor to the Bt. Louis
Company as lessee under said lea.se of Oct. 1, 1898." V. 68, p
i
703; V.71.P.662.
•1
Clnn..
>t.
.V-
I
ten. 1'r.A -
do
N
1
I
l
I
:
•
i
UK.—
<
£
offered the same prioe. vis., 880 per
860 r.>r the preferred. SeeV.74,p,
i
775, and also
p.
1902 purchased tin* Chootaw Northern RR., 13
id the
Hot Springs RR., 40 miles, (mc* v. 73, p 7 _"_\) V. : l, p,
iMviDi.M.s.—On pr.'f.: 1S»S to Apr. 1902, 5 p. O,
mon, 2, Oct., 1899; 1900. i: 1901, Apr., 8; Oct., J*-j i>. a cash, and
also a 10 p. c. distribution In com BtOOK.
In 1902, Apr..:; p <•. No
dividends on either stock were pal In <>el., 1908. V. 7... p.
«.—The OOnSOL mortgage of 1002 Is for the authorized amount
of $1,000,000 on the coal properties and $15, ooo per mile
mile of railroad now owned or hercalier constructed, an amount
equal to the outstanding gen. and C. A- M. 5s being reser\ ed lo retire
me. V. 74, p 151
The Little Rock Bridge (is are •ubjeol
al L05 for sinking fund of 820,000 yearly.- (V. 71, p. 608.) Car trusts,
le above and V. 73, p. 1318, 1866: v 74, p. 787.
mos. ending Dee. 81, 1902, gross, 83,312,150; net,
"M; other Income. #5,6 1 7; total, $1. 386,267. Deduct; Interest,
In
,
-
Chicago A Went Midi.—8ee Pere Marquette UK.
Chicago Win. A- HI ii. —Sold In 1890 to Wisconsin
;
»67), rental
elation, ete>, $70,648;
Ukcokt.
Year
(
A enapfcle lilt.— Si Choctaw Oklahoma & Gulf RR.
A <;ulf Kit.— (See Map Mock Island.)
:i:
<>/
668
116
Hot Springs, Ark., to Mali ern
Searoy, Ark. to Des Aro
,
d
—
4o
25
1
;
n uk ley to.I'kson port, Ark.
64
Alva and
Geary,
137
Total Nov., 1902.
Anthony. Kau
1,076
In July, 1902, extension was under construction from Guthrie to
the main line ator mar HailevvHlc, 1. I'., 170 miles, With branch KT
Shawnee, 30 miles, under title of Choctaw Oklahoma a Gulf Rai
Apr.
[l
with $l.i. 00,000 stock. V 71. p 1195
on Was
under construction southwest from Amanlio, l'e\., 125 allies, to TcN. M.. at a oonneotiou with the i;i Paso line of the Rock
eumoaii,
... Dallas, Tex., 113 miles
Island; also Aidn
V.75,p
Histokv.— a reorganization of the Chootaw Coal
o.,sold
in foreclosure sepi .;>, is..»4. Holds valuable oo
lootaw
A Memphis RR., formerly leased, w
DO.
V. 70, p
River Val. RR. is leased for 80 years Crom
944. 1
July 1, 1900, interest on $500,000 five per cent bonds being guaranteed for tiist ten years and on $600,000 thereafter. V, 72, \
In Jam, 1903, all exoept 8393,600, stock was acquired by the Chicago Uock Island A; I'aciflo Railway. Co., the minority stock being
-
I
I
31 — of railroad.
Oct.
minim/.
I
Balance,
Interest
oftxilti.
-
$2,025,044 $607,419 $1,
1900
2.7*2,019
741.486
1.288.736
197,834
miles operated, 643 miles In 1000 01, against 565 In l B99 00.
From surplus above shown were paid dividends, m 1900
on pr.f
5 p. c. ($300,000), and on common L*t p. o. ($320,000), and 6120,000
for equipment renewal funds. Coal output in 1900-01, 148,497 tons.
Pres., Wm. B. Leeds; See., Geo H Crosby; Treas., i.
Rayne. Di;
._.'.•
1
.
,
I
May, 1902,
rt
i
i
V. 71,
p.
886, 1307.—(V. 76, p.881,
l
O eo rget. A Porteanoatk HB.-flM
cin.
uctiiiiati iiitiiiiiion
a.-
stkkkt Baxlh
Dayton Ky. —(.*•'«« Mav.)—Opes
i
,
i
direct line between Cincinnati and Toledo, Ohio, with bran.
Springfield, 111., and [ronton, on the Norfolk A Western, etc.
BDTOIT, Bra—In
July, 1895. consolidated With theCln. Dayton
rim ago under the name of cm. Ham A
Cincinnati Indiana A W<
is operated
mneetl.m with th.
EL I I). System. On July (i,
1903, the Plndlay Fort Wayne A Wesl Rj
».,to Port VI
in.l., so ndics, iraa ae aired al for.
77, p. 88.
i;oad oirniii i' Sec this Uo.) Miles,
Proprietary roads
Mile*.
Cincinnati (0 Dayton, ()
60 Cincinnati Ind a- w. item
l tc
cinciniiati a- Dayton
Daj ton to lie. in, (>
14
mi f> Delphos, o
Columbus Kindla'v A Nnrthern. 18
Eindlay, 0.,toFt Wayne. Ind. so Bowling Green \ik
Trackage
13 Plqua A- Troy Branch
Roads 'ased —
Ifiohlgan
^142
A\ enue RR
3
Total of all
1,012
Owns the Dayton A Union Jointly with Clev. Clnn. Ch
jointly with the Southern Uv. controls the Cincinnati New Orll
Paotflc Ry. V. 75, p. 078.
New preferred Is entitled to 5 per cent, then common to 5
i; then
both share eanallf
V. 09, p, 1300.
Divioi mis since consolidation—
Nov.. 1895 to May, 1903
New preferred, Issued in 1895
0% yearly (Q-7)
..neral mort. covers the perpetual lease of the Dayton A
Michigan, the profits under which arelarge. V. 5 i. p
p. :i73.
The BtOOkhOlderS VOted On Dec. 11, 1000, to authorize a refunding
mortgagi a aotexoeedlng -l per cent to take care of the maturing
Indebtedness and convert the fixed leasehold and other obli
to purchase railroads held under lease or operating contract; also to
reduce the Interest on the cin. Dayton A Chicago treasury bonds from
5 to 4 per cent and sell the same. V. 71, p. 1018, 1819; V. 7.1, p
Guarantiks.— (Guarantees securities ,>t Cm. Hamilton A
A
Irontonand
Kailirai/.
('in. 1>. .v
I
V. 60, p. 1104; V. 61, p. 68.
I
I
.
.
I
Dayton A Michigan; also $03:1, ooo Indiana Decatur a Western
As to control of Cin. N. O. A T. P., sec thai
RKroKT.— Fiscal year ends June 30. Report in V. 7
June jo—
i.
I
irnlnga
White A Black River Valley,
116
tint.
balanee, surplus, 67lAv402.
L9, 80S, 818,
- Report for 1900-01 In V. 74, p.
dross
(irass of
.
Central Ky.
Chihuahua A Pacific II II.— Completed Apr, looo.from Chihuahua, Mexico, to Mina.a, 126 miles. Subsidies by Mexican Government in its 5 per cent Interior sinking fund bonds are: On 185
miles completed (already received), $1,400,000; on second and third
These .subsidies were in (let.,
will aggregate $4, 750,000.
from Chihuahua to Pacific
1900, transferred to K. C. M. A
the K. C. M A V ha\ Ing a 10 v car trackage agreement 01 ST the entire
line. See K. C. M. a- o. .statement and V. 71, p. 181. Stock
500,000, all issued; par of shares, $100. No bonds Issued to Oct..
1902.— (V. OG, p. 573; V. 71, p. 181.)
I
Clnn iuu Oklahoma
1
I
<
via O.T., to Tex, state lb
Halleyvillc, I. T.,to Ardinore.
1
1916
.
do
1
p. a,
1,000,000 conmion and $17,000,000
iimulatlve prcr. Bond* Of the $11
Lsl 4s, $1,305,000
erved to retire the assumed bonds; pi ,295,000 for new property.
urnroa
oa.) l908-3.Grosa, $1,458,878; net, $598,0 lo
1,344,912; net,
July 1 to Apr. 80.
} 1901-2. Gross,
Bbpobt, Report fbryear ending June 30, 1902, given in \
791, shows, gross, 81,639,116; net, alter deducting taxes, *'
Interest, 8597.600; bat, sur.. $38
.ii. Mgr., .1.
N. Kaitiiorn. Chicago, II'..
Sec. and Asst.
Treas.. W. T. Wiener, 2d, 30 Broad St.. N. Y.— (V. 77, p. 88.)
Chicago I nloii Transfer Ky.— V. 72, p. 872; V. 73, p. 1207.
Owns a valuable terminal
CHlCaCO A Ht'xtiTii Indiana
system of roads affording entrance Into Chicago to the roads named
below, lis lines extend from Dearborn Station, Polk Street, Chicago,
Indiana State Line, 10 miles, to
to
to Dolton, 17 n
Oraglm 16 miles, and to 8outh Chloago, 6 miles; total, 48 miles; total
deluding 2d, 3d, 4th tracks and sidings, 220 miles; also owns
about 900 an. s of real estate, passenger and freight yards, warehouses,
ele\ ators, etc. The Belt Ry. Of 'hicago lease- and operates 76 miles or
the 220 mil.s owned by the Ch. A \v. I., its securities being all held by
the companies leasing the ChleagO A W. I.; see V. 60, p. 1058,
l.i. \se9.— This company's road and terminals are leased under percontracts to the wabash, the Grand Trunk West, .the Chicago A
lianapoils a
astern Illinois, the Cbloago A Brie and the
Louisville, each of which tlve companies owns #1, 000, 000 stock. They
are nun leased to the Atchison, the Elgin Jollel A Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
oent the interest on the bonds outstanding.
Dividends.— > '92-9-1. '95. '96. '97. '98 '99. '00. '01. '02. 1903.
6
6
6
6
6
6 Imldly,'!'
6
Peroent.
$6y*rly. 7*>
* Also a special dividend of 85 p. o. was paid May 1, 1903.
Bonds.— The general mortgage bonds became subject to sinking
fund in 1903. and will be drawn at 105 and Interest In such annual
amounts as will retire the debt bv maturity.
00,000
Of the eonsoL 4s of 1902 (authorized it
has ben sold on account of track elevation and other Improvements,
additional to be used to refund bonds e inc. led by opera#4,355,000
tional the sinking fund, $10,014,000 are reserved to retire the outstanding nisi and general mortgage bonds and 631,631,000 for
future additions equal to at least ins par \ aluc of the bonds issued.
V. 75. p. 782, 906.
Annual Rkcokt— Fiscal year ends Deo. 31. Report for 1902 was In
V. 76, p. 1207. showing gross Income. $1,053,840; interest, etc, *7 l!>,479; dividends, $800,0001 baL, surplus. $8,861. -(V. 77, p. B8.)
mm
Jfi/r*.
1941
1.
do
Central
do
1,000
»0,000
>.0u0
i
c
A
Apr.
N.Y..Kft8slerACo.*>4Wall
M.
.1.
Day ton tre'asury.
I
Asher
do
A.-O
A N
4
i.OOO
L902
Chicago A Alton) contracted to hear lease, but subsequently Edward H.
11 an man, .lucoii ii. Bohlff. James Btlllmanand George J. Gould
hicago 4 Alton
that on or before .Ian. 1, 1904, "they will cause the
other corporation satisfactory to the Terminal ComI., Or some
<'o.
.
N.Y.,1.
OOO
i.boo
1
BT.T.4CaM
4>#g.
3,000.000
1,300,000
1902
Equipment notes, maturing yearly
I.T., to
O. T.. to
11
.
'.OOO
1,000
1,000
1,000
l.ooo
l.ooo
l.ooo
I
.
Shawnee,
In
927
1,668,000
l.O-K)
05
Hand Otrned—
Memphis. Tenn,
1980
612,100 4 in 19
i'dbo
lu.Ce.o"
Ghoetsvnr
Y
V.
8,00i
100
100
100
'le
V.f-'.t.p.
O. 1'hlla
O.
5
1,000
par)
I
sink, run.l.
*:J7ti,0OO
5 p
Ji,
Clii
.
.V
A
I
I
Cin.
K.\
A.
A,
.
,000, pilil
Northern
5
5 In U<
A
Been
A
5
7-'"
i
do
New
200
1,000
.
Cm. Dayton
5
1,000
OO.OOO, <old
-
II
Peoria
uut.stun.iiiu
.
i
General (now
Choc, d Mem. lsl M
L.Rock K'g« lnt M..
<
II
MUeH J)r
Ac see n
For explanation of column headings,
on ilrMt page of tables.
.
1
,164
Net earnings
Div. com. stock D.
A-
M.
Home
Dlv. pref. stock
$5,837
2,018.108
886.610
Deduct interest on bonds.
D. A M. l;
1306,002
RR
Vvc. i;r..
Ky...
389,225
Total
Surpl
;
-
CIik
.
M.
I).
Wo, „1I. .n!. Olnoln ,Ov—
Ilanilliou A lndlanapoll«
liiiiall
It j .-
1902. In Cincinnati In
CIik imiait
In Che
,v
Indiana Western Kit.
Cincinnati Indianapolis 4 Western UK.
D.j - llamilioi
Liberty, 78
mllee. A comolldatlon in Sept., 190J, of the
,fc
1,72*
first
42
INVESTORS' SUPPLEMENT.
[Vol. LXXVII.
—
July, 1903
AND
JtAILROAD STOCKS
j
BONDS.
IM
BAELBOAD8
„.,
Ml lea D » te 8U °' or
Amount
For explanation of columu headings, Ac, *ee noloof
Outstanding
Road. Bond* Value.
on
page of table*.
Mm
Oin.dk
Mus.V.— lst.M $2,000,000,g
X. O.
f).
pref. st„
T. P. Jr.,
<fi
Oineinmiii
\>,<i
5%
148
m
11,000
100
1901
1871
1,000
750.000
1.0OO
11.600,000
2,000,000
Cleveland Cincinnati
I
-..
i
/.(r.i./o
,f
Bt,
I.
.
unlit
Ht. L.
I.
9
0. ron.
M drawn at 105, s.f.
1 p.
138
—
100
100
175
o.o-
Gen. latM.. $10,000,000 g.,s.r. not dr'n.Cvc.tr
Cleve. Col. Clu. A Did. Consol mort is.-.- text)
391
Gen. consol. mort. 1*12,000.000) gold., tie. Cfcr 391
Indian A 8t. L. 1st M., In 3 ser. of $667,000. In C
72
72
2d M. ($2, 000,000), gold, Inctliiniip. to Terre II e.
Cl.Oiii.Ch.Ast.i.., Whit.- Wnt. Val. Div, lat,g.Oe.o62
8pr. A Col. Dl v. (Col. Bp. a I'm .. 1st M g Ce.o"
48
Cairo Division lat M., $5,000,000, gold
267
Oo.O*
194
8t. L. Div., cob. tr., g. ($351,000 In a. f.u'e.oir
203
can, Wan. A.Micii. im. lat mort, gold.. i «.oGen. mort. 100 year for $50,000,000 K.IUe.O'Ar 1,021
1880
ism;
1S74
OonaoL (now
M
1st)
A Jefferson v.
A Cleveland— Pref. atook
i$3.000.000)gold
Alio
Bridge 1st M.— See that Co.
I
ii
<
>.,
I
l
&
M.
g.
J.
J.
M.
J.
.V
A
A
A
A
A
A
J.
H
J.
N.
J.
D.
N.
J.
do
do
.
1,
I,
Jan.
July
1
1.
1.
July
!
l,
l,
Bepl
Jan.
Nov.
July
1,
l,
1,
Jane
M
1920
1936
1914
1,
1919
1912
l-.uo
1940
1939
1990
1991
1998
iv 1.'03. 3<»4
Jan.
1,
1928
Ind., to
It
.
Adams.
operated
Dec.31.
Gross.
Set.
$591,515
560,200
etui.
$124,166
131,0
li\tere*l.,tr.
Iiil,i„re
$186,000
'5
def$l,834
12.
5,005
sur.
;,()<)()
a Hnncle int.— Merged in
Louisville Kit — (V.76, p. 810, 12
iune,i903
Cleveland Akron
A Oolnmhn*
1
Kali way.— Owns from Hud-
eon, O., to Columbus, ()., 144 miles; Dresdeu branch, Kllbuck to Trinway, 33 miles; Apple Creek branch. miles; coal spurs. 11 miles: total
owned, 197 mile*; trackage Trinway to Zanesvilie. 17 mile*. Owns a
fourth Interest In Akron
Barberton Belt KK, 21 mile*. V. 76, p. 435
Penn. Co. took control Junel. 1899, purchasing 02,237,500 of the
Bl.000.0OO stock (par $100). DUidends. 2 p. c. yearly, paid Sept
1001. to Mar.n. Iw08 M -s i, Of the l-t consol. gold UoflSOO Commercial Trust Co. of Philadelphia, truateei. guaranteed principal and
lutereet by the Pennsylvania Company, $1,800,000 ar.- re.-.rved to
retire the gen 5s due 1927. V. 71, p. 990; v. 78, p. 659,
Report for
1902 In V. 70, D. 1405. showed: Cross. «>1, 1 1 7,.,7 1; net, $40
other Income, $3,035; interest. 9161,100; div. (2 p. 0.) $80 000 bal
aur., $170,170.— (V. 76, p. 435, 653, 1 4U5.)
&
i
Cleveland Cincinnati Chicago
A
Owned directly—
leased Q%m omtrotled.
\tiles.
Cleveland, O., to Columbu*,0..138
Gallon, O., to Indianapolis
203
Delaware to Spiingtleld
50
Cincinnati to Lafayette
175
Indianapolis to Terre Haute.... 72
Harrison Branch
7
Leased entire st'k owned
Clnoln. Lafayette A Chic Ry.— 57
Cairo Vlnoenne* A Chic Ry.—
—
—
Cairo, 111., toT11ton&branoh.267
St. I.011. DIv.T. H to B. St L.193
Columbus Springfield A Cln.—
ColumbuB, O., to Sprlngtleld.. 45
White Water— Harrison, Ind., to
Hagerstown, Ind
62
Waba«h A Michigan Rv.—
Benton Harb. to Rush v. A Br.249
Other line* kii
44
Cln.
94, LoiiIm
Ky.— (See Map.)—
Miles.
Cincinnati AMpritigtleld Ry.—
Lud.(Pve(6m.fr .('in .itoDav'n 48
a No debt, or bonds all owned.
RR—
Colum. Bope&Greenab'g
26
Trackage Into Olnolnnatt, &o. 32
)
«~
R3
B <ttO. S.
(
Trackage Into Jefferaonvllle.
W
Total included In earn*...l,89i
Operated; earns, kept separate—
Peoria A East'n Ry (U).—
352
Kankakee A Heneoa RR.—
42
Mt OUead Hhort Une
3
Total of system Juue 30/02.2, 287
Trackage HI. Cent. Into Chic.
On percentage baala
Operates Independently—
Dayton A Un.
RR
)
5
(f)
Double track
102
8andu*kyACleve. Ry.—
8and'sky,O.,toDaj-fn,O.etcl70
U See thl* company.
History, Etc.— A consolidation of the Cincinnati ludlanapoll* St
Louis A Chicago Railway Company, the Cleveland
lnclnnata A Indianapolis Railway Company and the ludlanapoll* A Bt. Loulr
Railway Company, made In Julv, 188'.). pt r plan in V. 48, p 427. Of
the common stork, ill, 225, 400 was on Jan. 1, 1901, owned by the
Lake shore ,v Mich. So. Ry., this amount, together with the private
holdings in both stock* by the Vanderbllt family, being, It la undertend, a minority of the entire share capital
V. 7j.
Road. — Operate* a system of roads radiating rr in Indianapolis,
Clncin.
,
,
<
I
•
1
1
,
g.
-v
'
Auk
Chicago Clnclniiatl A1 J
Clearlleld A .TIhIioiiIii^ Ky. (See Map Hut. Rock.. <t Puts.)—Owna
<oad, completed In 1893, from Du BolsJunc, Penn, on Kill. K A- P.,
to Clearfield on Beech Creek RR., 26 miles
beaaod dunng
"iporate!
xxlstence and reiK.wals tliereof to Buffalo Booheate & Pittsburg—
which see— at a rental payable In gold aud equal to 6 per cent on
#750,000 stock, par $50, and 5 per oent on bonds, the latter being guar.
p. A L, by Indorsement on each.— (V. 61, p. 710.)
&
1
J.
in
*
I
D.
Cincinnati iticiimond
.*>0.14l
m
do
do
i'
A
1
c
New
M
g.
5g.
lu< IniiHtl
Tear
,
)
g.
6
1902
1901
to
to
In 1901 and 1902, 2 p. c. each ($40,000) was paid from accumulated surp us.- (V 72, p 984; V. 76, p 653; V. 77. p. 80.)
Cincinnati
Orleans Texna PaclllcMy.' (8ea ilap of
Southern Hy -Operates Cluolnnatl Southern Ky owned by
Cincinnati, Cincinnati to Chattanooga. Tenn 336 m.; traeka.
In Jan., 1903, the ntire stock of the Harrlman & Northeastern Ry.,
Harrlman to Petros. Tenn.. 22 miles, was acnilred in the interest of
the company, but the road will be operated leparately. V. 7", p. 157.
In 1901 lease waa extended 00 years to Oct. 12, 1966; rental until
Oct. 12, 1906. was modified '»eglnn!ng Julv 12, 1002. to $1,0
yearly, the remaining $.">0,ooo per quarter to be deferred a* It
and to be paid quarterly at rate Of $K),000 yearly, with indeferred payments at a per cent; rental under renewal to lie > ,u><>
000 early for first 20 years, then $l,100.o0>) for 20 years, thereafter
$1,200,000. V 73. p. 722; V. 74. p. 1251.
Pref stock. 5 p. c. cum.,
$:!. 000,000. with no voting power, but prior rights on dissolution.
Of
this, $2,000,000 w.s Issued for Improve, ueuts at par V. 7 1. p. .
Diviukno.— On pref.,
p. c. pud qiiarterlv ^ept 1,1802, to June,
1808, both inclusive. Car trusts June .10. 1002. $92,59 1,
Stock.- Common, $3,000,000, controlled lo Interest of Southern Ry.
and Ciu dnnati Hamilton A Dayton Ry. V. 61, p. 20; V 85, p. 117;}.
Latsst Eaunb.— 11 mo*., ^ 1902 3,..Oross, 95J562.305; net. 91,378 42
July 1 to May 31.
(1901-8 .Gross, 8,148,803; net,
Annoal Report.— Report for 1901 2 waa in V. 75, p. 908, shoving
gross, $5,660,401; net, $1,420,810. (against $1,389,827 In 19OO-01)
ether income, $5,592. rentals, $1,217,269; balance, surplua, $209.1 J4
agat. aur. $179,132 In 1900-01.— (VV. 75, p 34 1. 9U9; V. 70. p. 157.)
Cincinnati Norlliern It It.— f See Hap Oleretand Cm. UMr ,,, j>
St. L.j— Owns Franklin, O., to Jackson, Mich., 208 miles; trackage (C.
0. O. &St. L.>. Franklin to Cincinnati, 38 m.; at Jackson,
iu
Successor In June. 1897, of ciuemuatl Jackson & Mackinaw, fore
closed.- V. 65, p. 621; V. 72, p. 338, 1034, 1135; V. 73, p. 81, The lioldinga of Clev. Cin. Cn. A St. L. are valued In balance sheet of June 30,
i.'o:i.2\
Julj 2O.'03,l»«
do
do
do
do
do
do
do
do
do
do
do
do
do
I. Inn. nd A Port Wa> 11c It It.— Owns from RichDid., 89 miles; leases 5 miles of P K \V. A 0.
(Dec, 1801), by Grand Rapids A Indiana Ry!
Rental, net earnings.
Interest I* guaranteed by the, Pennsylvania Co
and Pittsburg Cln. Chicago A Ht. L. Co. )olutlv (the P. CO. A 8t. L.
taking the place of the Cln. Hamilton Je Davtou in 1888)
stock $1
709,313-par, $50, of which Penn. Co. J.m
1,
1903, owned
$1,256,900. Due guarantors Jan. 1, 1903. $1,38 1,07
An
$60.ooo
60,000
J.
1
Bept
do
do
do
do
do
do
do
do
do
do
do
do
do
Various
M. A N.
4g.
428,997
2,571,000
mond,
'
110,141
10,000,000
4.000,000
17,657,000
Now
A
$123,374
4
4
4
4
l
. '01.
N.Y.,.1
Q
4 K.
I
(
j
g. J.
g.
ir.
Moh,
M
,
571,032
6
(550.000
<
,
$645,2-* 6
M
BowL (irn lr. Co
ka made
,
1902, at $1,091,055. V. 75. p. 454, 457. STOCK, $3,000,000 In 1901
gross. *u:i!i.2:n; net, $89,581.
Prest.,
K. Ingalls. See report, V. 70, p. 581.— (V. 74, p. 999, 378.)
>.>.! .Is, ltM«o
:>* miles, Including (! mil s from Leiianon to
Cln KK; Mlddletown .let. to Mlddletnwn. O 14
the Dayton Leb
miles (former .Mid. .v Cln. RR., taken over Jan. 1, 1803); total 52
miles. Controlled t>v i'cmii. UK. Interests. Stock authorized, $1,500.OOO; outstanding, $993 000. V .75. p. !)S0. Of the $IJ}00.000 Bret
consol. is of 1902, guaranteed principal aud Interest by tli-< I'ennsylVHiila Oompang, 8900,0
were leaned to nay for Cincinnati & Middletown RR. and other property and retire old bonda, $400,000 are reaerved to retire the 5a, dae 1916. an I $10 1,000 Bo purehaee real aetata.
V.77,p.-i(i.
K-port for 1 02, V. 77. p B8. Year ending Dec. 81, 1809,
Including Mid. a Cln. for ~ moa gr<>«s, 9844,783; net, 1 19,222; charges,
$28.920.-(V. 7U, p 48, 157; V. 77. p. 80.)
kicking; itiver It it.— Brooksvllle to Wellstmrg,
Cincinnati
10 miles, and Mtllslmro to Johnson, 17 miles. In Aug, 1001, under
construction from Brooksvllle to Johnson Jet., 28 miles. Kxten-ioii
also proposed in 1902 from Hillsboro to Morenead, 20 miles, making
75 mile* In all. 8tock. $200,000. All old bonde will be retired. Vice
Pres. and Gen. Mgr., Y. Alexauder. Brooksvllle, Ky.— (V. 70, p. 1194 )
< ln< Imiall A; l.oulsv 111.
KU.—To extend from Mlamlvllle, O.,
to Louisville, Ky., 105 miles. Incorporated Nov. 17, 1902. in the Interest of the 'iiiclniiati Richmond &< Muncle UK., which see. Stock
authorized, $500,000.— (V. 75, p. 114U.)
link I n^iiin Valley It It.— (See map of Pitltburg
Cincinnati
Cincinnati (:hirti/o d St. Limis.)— Owns'MorTow, Ohio, to Trinway. O.,
148 mile*. Owns Zaneavllle Terminal KR 5 miles, jointlv with
Zanesvilie & Western Ry. V. 77, p. -r,
Successor on Aug. 1, 1898. to the Cincinnati A Mueklngum Val. Ry.,
foreclosed June 29, 1898, and purchased in the Interest of Penn. RR.
V. 67, p. 27. Of the bonds f 100,000 are reserved for future needa;
sinking fund retire* yearly one per oent Of those outstanding. If offered at par or less. The l'eims> lvanla Company guarantee* the
bonds, principal and interest r-ee form of gu rantv, V. 76, p. 653.
Stock. $2,000,000; par $100: all Issued. Dividends: 2 p.
June 25,
1900; Deo. 31, 4 p.c; 1901. Dee.31, 3p o; 1908,8 p. 0. iVnnnylvanla
KK own* *754. 000 of $1,000,000 bonds. V. 55. p. 1078. Car trust*,
$221 000 3'js payable $22,400 jearlv to June, 1012.
K v km sos. Fiscal year end* Deo. 31. Report for 1902, V. 77. p. 86
Yr.-nd. De<\31.
Gross.
Set.
Interest.
' Hulanre.
1902
1901
7 or 6
'00
8,205,000
2.0O0.000
500.0O0
50
mi M Lebanon A Norlliern Ky.— Owns Cincinnati.
Dodde,
I
1,000
.,
I
A
I
4g.
"OO
1
l.
t.
F.
g.
C.I4H
i
July
Hamilton Tr., H'klvn.
A. N. Y., Wlnalow. l. .v o
'
">.000
i
in
!uecks mailed.
(
1.
i
N.V
4
1,103,780
S
LOg
Junel.'i
Quarantj i'r. Co. Jul;
Wtnalow. I. v Co. Juno
Y.,
N. V..
1902
27,997.700 4 1n 1
10,000,000 5 In 1002
k)o
e
Ac
1S S
170
lu
,76 1.000
1
1,000
L890
1890 1,000Ac
1,000
1891
1.0O0
1898
|
I
I
J
.v
N
-
1,000
1,000
1.O00
1,000
1,000
Indianapolis Rv., Indian v Deaf n- .fc Western Ry. and 8prtngfl.eld A
Decatur KK. V. 75, p. 289, 989. 497, 789. Stock auth, 98,200.000
Bonds.- The "tlrst and rrfu ding" 4s of 1909 (f82900.000 authorized issue) are guaranteed principal and Interest. Iiy c. II. A I), by
endorsement on each; $4,500,000 were lax
1 In exchange for exlatln« bonds, of which $2,700,000 In the Cm. Haiiill. A Dayt u treasury;
$3,4()5.ooo aic reaerved to retire the Ind. Dee. 9 Weat. 5aand tbe ronaaintng $235,000 for general purposes of the company. V. 75, p.
1201,
he I I). A W. bonds ate redeemable by lot at 110 at any time on
eight weeks' notice; $833,000 are guaranteed by Clu. Ham, 9 l>a\
winch guarantee! also the c. EL & I. 7a.
Kvknis'.s.- YeBT ending June :10. 1902, of companies OoneoUdated were 91.U29.723; net, 9408.710; total deductions, 8353.879;
bal.. «ur, #55.337.- V. 75, p. 2;i'.) 889, 407, 7:12, *4'.). L30J, 13.">j.)
4
4,000,000 2
l.OO.I.Ve
1SM-1
OBLiOATiom roa Pbofbibtabi Lam,
Loulav.
1,000
is 09
1882
1890
1890 500
,
Cincinnati Sandusky
l)
A
5
100
Common stock ($28,700,000 authorlzedi
Preferred stock, 5 per oent, mm cumulative
C.
ft
.1.
g.
J.
J
Tr. Co.
MllHtl.
A
J.
J.
g.
B
1887 500 Ac.
1900
1,000
177
>al.Wh.
Stocks Ijkst
Dlvldi
Whom.'
— M.
)
4
I
.
1'rLnoi-
I.
A A NY.. Farm L A
1 ,800.000
50
1893
Olear/ieiil
13
Payable
Cent.
1,(IIIU
26
a Ft n
mort., ifolti. Int. gu o'
it Mii/,'>iti n,/
Btook, rt per oent rental
«.
| r
l«t mortgage. KOld, guar. I: B a I'
Clturjiiti Southern
*t mo
sj.000.000
Otevel'd Akron 4 U<>1„
Gen. mortgage (now lst,,g
.c
l8t con. M., $4,1
end..
f., gu., p. ,t
fHn. liirh, , «>,,, i
1*9-1
86
gu.p..vl rnd.l'c'
cum., (4,000,000
00,000, g.<..o\tr
-
Ind., westerly to ChloagO, Peoria. Cairo, III., 81
LonU
^rly to Handusky, Cleveland. OolUmbua and Cincinii .,1 1, Oh
southerly to Louisville, with brandies
Q July, 1801, control of the
Cincinnati Northern RR.. Frauuliu, O to Jacuson, dich. 20i mile*
was acquired. V. 73. p. 137, 497; V. 75, p
1803, Interests identified with the company purchase t!
Southeastern Ry. (now Central RR of Indian 1), Munole lo Hrazil.Ind..
137 miles, including tracKage, 12 miles, nut the r<»ad m operate
"•
petidetitly.
V. 75. p. 4:17. 611.
The company In Feb
build a 50-mlle cut off between Hillsboro, III'., and Mitchell, n
Louis V 75, p. 10
liie compan> la alao ono-fourth owner of Peoria .* Peitin Union Ry.,
(through the
1st Ry.», on
.rmlnal RR.
A«s'n uf 8t Louis and two tlfths owner of Indi
ion Ky. and
part owner of Dayton A Union, which is operated Independently.
Capital Stock.—On Jan. 1, 1890, the com.
0,500,000; It has been increased to present figure to ac.juir. stock* of llnee
absorbed, etc Dividend* on common stock were resumed In
DlVoa.— '90 '91 *92 *93 '94 '95 '96 '97 '98 '99 '00 '01 '02
1003
Com...) 4 p.c 3
Pref...$
5
2««
5 Inel.July,3*
5
|
,
!
i
.
1
1
;
-
33
55
555 00033<«4
5555
44
INVESTORS' SUPPLEMENT.
[Vol. LXXVII.
'
July,
AND
KAILItOAD STOCKS
1903.]
.^vi.uoai,,.
Date 8U., or
Amount
of
h* Uul Bonds Value. out 1 *;;:
Miles
For explanation of column headline's Ac, see noteon first page of tables.
of
'
Itoad.
A
Oolumb. Oin. <e indianap.— See Ci.kvk. ("in. Cmo.
CHIC.
Indianap. St. Louis <£ (Mir
TfTieW.Cleveland Lorain
r5.000.000.
mort. (now 1st) g. See text. I »m
i'9'2
Consol.
192
General mortgage, $1,000,000, gold, red. 105. W..
Oi«ee.
Oleve.
<fi
Con.ref. ML, $10,000,000, g., red. at lo2Hi.<
V.— Con. M.inowlst)$3,000,000,g <
Otev. it Mar.— 1st M.,s. f., not ilr'n, gold, if uar. ••".i-"
Oleve. <6 Piltsb.— Stock, 7 p. o. guar. DS Penn. RR.O0
A A K...0"
Gen. M. $10,000,000,1', c
.v
Guar p.*l.<end.) Pa. UK
$100
J
125
103
•
202
i
I
New
r
.
11,226,800
l.OOO
1,000
1,000
5
1.000
I
1
•
I
N. Y., Wlnslow,
g.
y
i
1
882
A
A
1
••
I
.
•
"A"
lei
J. A.
"B"
.1:
\.
A
M.
o.
Bonds.— The sinking fund provision
9 N
of the Cleveland
;
1
1902
1908
1,000
1,000
- - 7
1,000
1
1902
Oolumbut Oin-
1
;
—
1
$18,351,748
17.058.982
$4,171,364
$2,609,601
$1,561,763
1.880,779
Anniai, KKi-our. — Annual meeting last Wednesday In OotoberAd\ ante statement for 1902-3 (partly estimated) was In V. 76. p. 1406Keport for 1901-02 in V. 75, p. 488, 454. See also editorial, p. 416.
1900.
1902.
1801.
rear end. June 30—
1899.
Miles operat. June 30
1,891
1,838
1,891
Passenger earnings $5,487,506 $4,879,652 $4,653,224 $4,245,036
Freight
9,226.534
11,920.097 11,640,003 10,867,502
Mall, express, etc...
1,257,835
1,247,792
1,809,469
1,886,134
1
1.000
Total earnings... $18,7 17,072 $17,877,490 $16,806,851 $14,719,362
A taxes. 18,744,880 12,755,638 11,749,264 10,645,556
Net earnings.... 94,972,158 +5,121,852 $5,057,587 $4,073,807
Total net Income
$5,050,312 $5,249,506 $5,140,520
Interest on bonds... $2,619,520 $2,685,056 $2,661,442 $2,672
Rentals, etc
231,907
224.171
180.131
201,165
Dividends on pref... (5)499,941
(5)500.000 (5)500,000 (5)500,000
Dividend ou 00m.. .(4)1, 119. 516 (3^)979,620 (3)839,840
Freight oais, etc....
600,371
567,852
821,567
Balance
sur.30,974 su r.$285,065 sur. $93,200 sur$723,689
E. Ingalls, Cincinnati,
Vice-President,
D. Layng. New York; Secretary, B. K. Osborn, 'Incfiimttl, O.; Treasurer, Chas. F. Cox, New York; Auditor. P. A. Hewitt, Clnolnuati. O.
Directors— Wl.llHin K. Viiinlerbilt. Krod'k W. VamlerMIt ChnuncyM. Depew,
J. Plerpont Morcaii, 11. McK. Twombly, James I). Layng, William II. Newman. Walter K. miss, of New York; Alexander MoOonalaand Moiviiio K. ln-
Officbrs— President, M.
;
<
(alla. Cliiciiiiiatl;
— (V.
James Burnett, Cleveland.
O.
75, p. 611, 1086; V. 76, p, 479, 653, 704, 1406.)
A Wheeling
Hy.—f^ee Map
0.)— Owns
from Lorain, O., to Bridgeport, O., opposite Wheeling,"'. Va.,153 miles;
Lester to Cleveland, 28 miles, and branch to Bellaire. O.. 6 miles:
Lorain branch, 8
total, 192 miles, and has trackage Into Wheeling.
miles, and Bellaire connection, 1 mile, were proposed 111 July, 19o8.
Cleveland Lorain
B.
6
5
J.
A
J-
>*
1).
N.Y., X.Y. Sco.a
M.
g.
g.
Apr. 1.'03,
A
8.
New
Jan.
Apr.
1,
Oct
1,
2%
1
Mar.
July
>ep.ATr.Co..I'.alt.
1.
1,
1981
1848
1953
I,
:
.
York.
',
1948
1922
A I'lllnluir^ IC It.— Si W'i/< Penneylvan a Railroad.
Kochester, l'u, J
m.; Ualiuevllle to
31 miles: fellow Creek to
Coal Mines, 3m.; trackage. Boohsster to Pittsburg (I'ltt^li. Ft Wayne
A Chle.),20 miles; total. 827 miles.
LnAsa—Leased for 999 years. Dee. 1, -171, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Kental. 7 p. c. on $11,226,300 stock.
Interest on bonds and organization expenses.
all equally aeoured; guaranty. V. 56, p. 604.
KwiMN<;s. [n 19
14.410; net, $2,736,791; profit
r
leasee wne 91,504,680. i\ 73. p. 783, 1 159; v. 75, p. i.;i.:
to
Cleveland Terminal A: Valle> till. Sir Map Baltimore <t
Ohio.
Owns from Cleveland, Ohio, to Valley Junction, 75 inllea;
sidings, 67 miles. Buooessor, as per plan In V. 60, p. 437 and V. 61, p.
10, 1895.
70, to Valley Ry. (of ohioi. sold in ton
B. A O. owns $4,594,300
\, 200, 0O0 common (par $50)
tommon and of the $2,200,000 preferred, $949,200; par 8100
Bonds -The first mort. bonds are guaranteed, principal and li
by the B. & O., endorsed; Interest la paid regularly from sarnli
I
majortt] Is stamp daeeuhjecl to can on 60 days' notice at par and
V. 71, p. 913.
Car trn
ire May i. L90t.
.000 May l yearly to 1909, Inolo
raninet income $413,027
1901 OJ.
interest, etc.. $235,950; surplus, 9807,077.— (V. 76, |> 91
< oaliulla
Paelfle lly.— S.tltlllo to Torreou. Mexico, 20O m l.s;
Stock, authorized, $1,500,000: OUl
oompleted Aug
1808.
Cleveland
Cleveland,
.t
).,
I
a consolidation of Nov. 23, 1893. (See V. 57, p.979.)
Operated since Feb. 1, 1902, by the Bait. A Ohio, which owns about 75
per oent of the stock. See that company and V. 72, p. 480; V. 73, p. 236.
Stock.— Common, $8,000,000, and preferred, non-oumulatlve, 5 p. 0.,
$5,000,000, par $100. After dividends of 5 p. 0. have been paid ou the
preferred and common, both stocks share alike.— V. 60, p. 1058.
Dividends.— On preferred In 1896, 3 p. 0.; none since.
Bonds.— Of the $10,000,000 consol. refunding gold 4 »«s. $5,000,000
are reserved to retu?e first 5s, $1,000,000 for general 5s due June 1,
1936, remainder for improvements, etc. V. 70, p. 230, 480. About $1,000,000 consol. 5s of 1893 are stamped subject to call at 110. On July 1,
1902, real estate morts..*100.0O0.
Kki-oki'. — Keport for year ending June 30. 1902, waa In V. 76, p. 208.
showing, gross, $2,692,588; net, $1,117,566; charges, $365,5
anoe, $310,470.- (V. 72, p. 480; V. 73, p. 236, 95 3; V. 76, p. 208.)
Cleveland
.^Ialioiilm: Valley Ky.—Owns from Cleveland,
O., to Sharon, Pa., 81 miles [57 double track]; Nllea, O., to New Lisbon,
O., and branohes, 44 miles. Leased to Nypano RR. (formerly N. Y..
Penn. A Ohio) till 1962 rental $525,967 per annum. Coupon Interest
Is J. A J., registered Interest, Q.-J.
Stock Is $3,259,200, of which
$2,758,250 Is held bv "Atlantic First Leased Lines Rental Trust Co.,
Limited," of London. Dividends In 1897, 13% p. c; 1898 to 1902,
both Inclusive, 13 »a p. 0. yearly.— (V. 63, p. 968.)
Is
1
A
;
Cleveland A .Harleiia Ry.— Owns from Marietta, O., to Canal
Dover, 103 miles, and branch 7 miles, Zoar, O., to Canal Dover, leased.
Pennsylvania Co. obtained control In Nov., 1893, having purchased
about two-thirds of the stock, and took charge Jan. 1. 1900, the net
revenue over operating expenses, taxes and interest on bonds being
returned to the company. Stock. *'2,000,000— par $100. V. 69, p. 1345.
Bond9.— Guaranteed prln. and int. by Penn. Co. Sink, fund 1 p. c.
Earnings— Keport for 1902 In V. 77. p, 87. Bhowed, gross, *696,051;
net, $133,417; other income, $1,700; int. on bonds, e
33; ba).,
sur., $33,434. In 1901, gross, $601,154; net, $139,187.— (V. 77, p. 37.)
1
to
1
<
1
plila,
1
1
.
—
.-
A
,
Ing, $1.
W
A
LtlPresident, A.
Title Guarantee
Trust
72. p. 872.
llendahl; Treas.. H. T l.llllendahl. 15 Kxchange 1'lace, Jersej City, N.
J.-(V 79, p. B785 V. 73, p.
p. 3U. lose.)
ColebrookdaJe Hit.— Pottstowa to Barto, Pa., 12-84 miles.
Leased to Phila. A Reading Ry. Common stock, $297,215; pal |
1
t||«llaiidM lly.— Owns from Colorado Springs
Colorado
I
Castle, Col., through Kusk Ivanhoe tunnel. 234 miles, including 8nowden to I.eaihillc, 8 111., not operated: Jerome Park branch, 15 miles;
Aspen branch, Is m.; total owned, 867 miles.
i-tle to
li, Col.,
Kitle Creek, 14 miles, and Klo Grande Junction KK.
to Grand Junction, 63 miles total owned and leased, 3 1 miles.
I
;
Organization.—Successor Oct., 1897. to the Colorado Mldlai
foreclosed and reorganized per plan In V. 64, p. 122 1, 1226.
In May, 1900. a minority of Stook was purchased In the Joint Interest
of the Colorado A Southern (Hawley Interests In control in April
and Klo (irande Western (sucoeeded to by the Gould interests). — V. 70,
V 71. p. 88| V.73.p.llll. No stock is held
p. 686, 791, 997. 1290;
roatt.
the puoilo. Pref. $6,000,000; common, $4,000,000.
s.— In June, 1900. the $6,250,000 2, 3, 4s were made full 4 per
cent bonds, and the right to -sue $500,000 prior lien4s waa waived;
V. 70, p. 1390;
also V. 71, p. 139.— (V. 72, p. s21.)
Snrp.
Misr.inr. (bargee.
r™. end. June30— Gmts.
tiy
1
1901-2
1900-1
$20,023
$41,615 $514,458
801,778
515,708
84,269
W. Kramer;
OFFICERS.— President, Frank Trumhull; Vice I'r s.,
Treas., H. B. Henson; Bee Harry Bronner, 74 Broadway. New York.
$2,162,286
8,385,184
$192,866
683^18
>
,
Bean
Dlr.Tters.—Grenvllle M. Dodge,
ler-
ii,
old,
1
I
History.— This
Ado.
1
Tr
N.Y..''h. Kk. A Col. Bp.
[nt.Tr
oLBp.
N. Y., M. Tr.,& Col. 8p.
M
300.000
Oper'gexp.
J.
I
Central Trass,
None ever paid.
\-
'
I
4
1,000
9
I
1901-2
4,5oo.000
g,
g.
y Kv.
•!>" F.
>
Tr.
,
O. X. Y.,
\
A IT.
9
I
y
A. X. Y., Central
J.
5
A
A
F.
700.0O0
1
1
M.
X
g.
1,03 1,000
MA
1
N.
I.
Title Gnar.
Phila,,
.1
846.000
1808
J.,
1
ilo
do
do
I"
J.
""tVg.
1,93h',000
i.'ooo
at option of holder either In lawful money at 7 per centner annum or
In British aterllng at 6 p. 0. Of the TndianapoUa Jt St. Louit tlrst 7s
series " A" are J A J.; series " B," M. A S.; series " C,"
N.
St. Louis Division bonds, see deed Of trust V. 52, p. 42-45.
As to the Cincinnati Wabash .t Mich. 4 per cents, see V. 52, p. 713.
The 100 year mortgage or 1893 Is limited to $50,000,000. In Apr.,
'5,000 general 4s were reserved for prior liens (exoliiHlve
of Cairo division. Peoria division, Mlohlgan division and the Bt. i^mis
Haute), and $9,7
equipment, eonetructlon and liettermeiits, etc., at the rate of $1,000,000 a year.
LAX 'imm - (Juarantees Interest ou I.oul-ville A Jeffersonv. os, p. 822. OnJunn
Tflle bridge bonds Jointly with theChes. AO.
30. 11)02, owned stock In Chesapeake A Ohio representing an outlay of
Cincinnati Northern KK. securities costing $1,091,55. V. 71. p. 39s V. 75, p. 455.
us 1NO8.— From July 1 to May 31 (11 months.)—
L.ati-1
mot.
Orott.
/n/.,rfr.
Bal., tur.
Net.
Sud
O.
A. v.
1.
Jan
227
1,000
cinutiit.e Tndianapolii eontol. bond* (stamped) baa been oanoeled. The
principal of these bonds Is payable In gold, but the Interest is payable
1
g.
W.
hi lii'O'J
4
1901
-
1
5.
5
3
>.()Oo
g.
4
1,000
.-
1
5
6
500,000
31.ooo.ooo
do
do
x
g.
3>ag A.
600,000
9,151,000
100
100
Jan.
N.Y .Wlnslow.Lat
N. Y., Farm. L. A
7
4»*
3 »n
43'.i,ooo
1,000
100 fee.
1,000
1,000
•
J
text
-tee
g,
Cleveland Terminal d Valley
'
D.
.V
i.OOO
York. 2 Wall 8t
.
A
00
1892
,
lot
202
{£™S,°
ta
Bee Balt. AOmo.
...0*
200
Ooahuiiu .( Pat
13
Oolebraokdule.M <>r<J6c
259
Colorado Midland I at inort.. 910,000.000 <
20 ««
jold tie
Colorado 4 Northwest)
O.000
Colorado .( Southern Common Hi
pref., 4 per cent, non-cum., $H,: mi. hod
2d pref., pet oent, non-oum., $8,500,000
0* 1,086
1st mortgage, K"hl, $20,000,000 <
....
Car trust notes Nov. 30, 1903. due monthU
70
t.Ce
Col. Bp.d Or. Or.D. Ry
70
2d mortgage, $1,000,000, irold, sinking rand.
rja
l-t oonaol. mortgage, $3, 600,000, jrol
Colorado. v Wyoming Ry.—l*tM.,i
He 171
75
1-1 M.. 912,000 p. m SB*
Col. Srii'b d Lauren*
\
71
Vol un
kirn k>
Columbia .t OreenvilU
Columbus Hook, "I.
Hooking Valle
....
Oolumb. J L. Jf.r/i.-1-t M., g $20,000 p DB.PJO
Cent,
$5,000,000
5,000,000
1,000
1,000
1900
l.OOO
1,0006*
1.0O0
1895
j
-t
1
ir»
ST.
I
(Met>.<« Jf.
BONDS.
Krank
BdwIn.G
Budae,
'•
Keiine.iy T.«l. K.C. IC011-V.Krain.'r. K.
^^
Triinitiull.
V. 73, p. 841.1111, 1312; V. 75.p.665.)
Colorado
Norlhwe-tern Ity. — Boulder to Ward. Col., 26 1*
In Nov, 1902, foreclosure sull pendmiles, operated from Oct., 1898.
r ending
V. 74, p. 986. Stock, $500,000; par $100; all 10. Culbert1902, gr.
t;
net, $64. Prea..
ie 30
son. Qtrard, Pa.— (V. 73. p. 899j v. 74, p. 986.)
Colorado
Southern Ky. —(.s>e .Wn/<.)— Operates from Orin
iuiution, Wyoming, through Colorado to Fort Worth, Tex. 1-Vi <».
r*.
Une* mania,
Cheyenne t.) Ortn Junction
164 Other llne>.
Deavei to lie-denier Junct CoL.. 128 TrackaQt— I'.i
Denver to Lead v.( narrow gauge). 1'>1
(Denver a Itn. (.ranUo)
68
•• Bsliltrln Mine
131
do
).
1.181
Trinidad. Col., to Texas State line l.'tf
T"tnl owned and leaned
Alto h>ut Inr.jf intrrrtt In Fort Worth .t Denver City Ky.. 465 mile*.
-
i\ ".71. p.
13 9,
f
.
A
W
A
1
|
.
1
1
I
I
Has
traffic and trackage agreement with Union Pacific,
Cheyenne a- Nor. Division with
rer Atchison tracks, Denver to Pueblo, Col. V. 69.
u
irOATion.—8uooeeded on Jan. 11, 1899, per
e Union Pa.
A Gulf ai
nlnon. Owns a large majority ol
Denver City Ry., whic
idoMldlate:
Colorado A southern and Klo <;r:u
190'-'. Edwin Hawley. President of Minneapolis & St. L01.
the
I
.
179.
p.
*
li
t
d.-
1
tee,
acquired control,
Voir
toes, Grenville
M
\'
anu
),787.
rus-
All classes of stock are ve-
J. Kennedy rod until Jan. 1, 1904. and t!
preferred stock shall hai
three consecutive yr.ir-. The voting trustees may, howe
the stock at Sny earlier date.
_
DivinKNns.-Div. on 1st pref., 1900, 2 p. c; In 1901, Feb., 2 p 0,
for calendar year 1900: Oct, '01, l 1* p.c; In '02, Apr.,l>s p.c; Oct
In 1903. Apr., 2 p. c.
Budge and
.
46
INVESTORS' SUPPLKMENT.
rllllWINO
"
f
S FO
VASQUCZ
E
c
P^TRINID
/«
^
W
M
THE COLORADO
LP
&
<)
1
l
SOUTHERN
RY.
[VOL.LXXTII.
,
July.
1903.
KA1LROAD STOCKS AjND
|
HAILROADH.
For explanation of column headings,
on first page of ta
Col. Ter.
<£
-
,
<fco.,
see note
Tran$f. -Mort. $350,000, gu. O.
A
8.
^^^
iK DIVll.i
op
Amount
Outstanding Rat* Per
Road. Bonds Value.
.
When
ayablc
H.
1841
Volumbwt * Toledo See !!> i.iv. VAlOJtT BT.
Columbus dt Xenia— Htoi k g pet sent rental
,
Combiniiiimi Bridge (Sioux Oily, /(«.;— l«t
Concord
Concord
it
<*
Collin.
M
»n-urrr
N
HO«t
o
'
Boston,
H.
do
do
do
do
do
do
do
Broad
do
do
Phlla..
•
>
"tt.,
do
tlrst
is
Phlla.
Ueo on
all
,
1901-02 iraa In V. 75. p.
Tear ending June 30—
Gross earnings
Ii07,
showing:
r.
$5,580,:->27
Operating expenses* taxes.. 4,260,425
*i.3l!',''o^
Netearnlngs
94,287,748
3. 330. 774
9906,969
94.79-l.64 9
91,082,1*49
3.713300
$1,124,524
9945390
$1,379,362
Total net Income
718.876
700.046
752.603
Interest on bonds, etc
6246.344
»026.75tf
9405.648
Balanoe. surplus
•Dividends on 1st pref ..(3»a%)»297,500(3"fl%)9297,ftO0 <2%)*T70,000
* Paid from total surplus, which June 30, 1902, was $807,205.
Ofkickrs.—Chairman, ('rcnvtllc M. Dodge, New York City; President and General Manager, Prank Trumbull, Dh nver, OoL; Secretary
and Treasurer, Harry Binnner, 74 Broadway, New York City.
Directors.—Grenvtlle M. Dodgs. Henri Badge. J. Kennedy Pod, Frederic P,
.in, ltd ward J. Berwlod Kdward c. Henderson, Adoiuh
fohn J
in, BdWlD llaw'ev and Bam Bronner, New York City; Hurry Waller-.
Baltimore. Mil.; N. 111:111 It. Beam, bloagO, 111.; l-'ra"k Trumbul Deli
-(V. 74, p. 135f>; V. 75, p. 848, «t)7; V. 16, p. 205.)
Central Ity. of
Itr 11 iiNWlek.— Norton Station (on Intercolonial By.) N. B., to ciiipman.N.B., 46 tnlle.4. opened in 1888. Stook,
Mends issued. 9640,000 llfty-year coupon
all outstanding.
9900,000,
6s (91,000 each), due Nov 1, 1!):57, Int.. M.-N., payable In New York.
N. Y., London, KiikIoikI. anil St. John. N. B.; Central Trust Co., N. Y.
Trustee. Year ending June 30, 1902, OOa*, $7,332; def. under operating, $29,394. Pres C. Ford Stevens, Philadelphia. Pa.-(V. 63, p. 116.)
Colorado Spring* & Cripple Crock District By.—Color ad o
Springs to Cripple Creek, OoL, 40 miles; Cameron to Victor. 5 m.; electric lines—Victor to Cripple creek. 6 m.; Cripple Creek to Vlotor, 5 m.;
1
.1
1
,
New
,
branohes and spurs, 8 in.; total, 70 miles. Owned by the owners of
principal mines of t ripple Creek Dlstrlot.
8took, nil outstandiiiK. common. $1. 200,000; preferred, 5 p. o. noneum., $800,000. Par of shares, 9100 each. Beginning Jan. 1, 1901, a
sinking fund of 5 per cent of gross earnings for preceding year can n>tor the Irai i"> years, then at
tire first mortgage bond* yearly at
107 1* for 5 years, then 105 'or the next live years, tin n 102*? tor three
yean, thereafter «t par. of the first consoi. 5s of 1902, $2,977,000
y\ere reserved to r.ti'e the 91,977,000 first and 81,000,000 SOeond
mortgage bonds; In Apr, 1908, >7.l,000 of the second mortgage
no
liniiits
had been retired
Kakmson.- For
V.
7ii.
i>
mos. ending Mar. 81, 1003, gross earnings. $655.
130; net Inc., 9849,922; oharges, $147,398; sink. fund. 932,757; bal.,
ur. ,9166,767. Bee V. 76, p. 12 15. Y. at ending June30. 1902,
9586,943; net. 9206,568; interest and greater part of taxi
charged to construction. Net earning* were largely reduced l>y rate
war. Proa., Irving Howlort; BOO. and Asst lYeas.. E. t\ Draper;
12 1
Treas., F. M. Woods; And., L. F. Llnuey.— (V. 76, p, 4::
Colorado A- AVyomluc K) — Ilartsvlll.- to Sunrise, Wyo., 18
Pueblo, Col., main line and
miles; connections v. lth various lines at
sidings. 95 miles; rrlnldad, GoL to Curatro.'wlth spurs torn:
miles; total, 171 miles
he olorado Fuel a Iron Co. o\\ ns the entire
stock. Bonds, see table above. President. G. W. Bowers.
Columbia Newberry A La urea* It It.— Columbia to Laurens.
Bonds, see table. There v.
8. C, 75 miles. Stock. $500,000
$77,454 income bonds. For year ending June, 80. 1908, gross, 8180,594; net, 957,048; total deductions, 935,273 balance, rar., 921,776.
President, w. 1;. t'liilds, Colunuda. 8. C.
Columbia Soutbern Kr.— See Supp, for Jan..
Columbus Hock. Valley A Tol.— Sek Hockini; Yallky Ry.
ColumbiiM A Lake Hichi-iMii lilt. -Owns railroad from
Lima. ().. to Defiance, 40 miles; traokage throtigh Lima to be over ihe
Detroit Southern; extension proposed from Lima to West Mansfield,
40 miles, and Irom Deflai ce UironghWeet Unity to Coldwater, 60 m.
Successor. Aug., 1902, to Col. Lima & Mllw. K.K., foroelOOOd, V. 76.
p. 289, 1 147. stock authorised, per mile, +10,000 each of common and
non-cumulatlve preferred; par of shares. $100. Bonds, see
4 p.
table above. President, Qeo. A. Garrettaon; LYeae., K. Hope Norton,
33 Wall BC, N.Y.-(V. 75. p. 2s'.t, 1147; V. 7C. p. ColHmbiiM SaiuliiHky A Hocklnir Hit.— Road— In 1902 foreclosed aud divided between Toledo Walhonding Valley & Ohio KR.
and Hooking Valley Ry.— V. 75, p. is06.
Coliimbun A- Southern Ry.— Lancaster Junction, O., at a connection with the Penn RR.,to South Blopiningville, 34 miles; projected
to run from Columbus to Wellston. 100 miles, with branches fro
castor, Hamden and Allenville. Incorporated on July '26, 1902, as
successor of the Columbus Wellston and Southern RR., sold In foreclosure to J. Q. Reeves and associates of Lancaster. 0.,on Deo. 4, 1901.
V. 73. p. 1206; V. 75, p. 184. Stock auth., $ 1, 000.000.- (V 75, p. 239.)
Columbus Terminal A Transfer Hit.— V. 75, p. 1202.
•
'••
'..
'I
••
1.
fo
<21
1
.
I
it"
Jan,
Htafu.
io
Sept. 15, 1!»<M
8t.
1981
l.
1911
1932
!.
Mar
d*»
15,
Mass.
Lebanon, Pa. Jan. 31*03,
do
A]ir. !.
n,
•
3%
<
;
1
'.
Colombo-
M.ir
I
July
1
Ohambersburar. Jnlyl.'O
a-
Venln lilt.—Owns from Columbus,
(),, to Xenla. ().,
Operated as a division of the Little Miami, ami is leaned for
from December, L 869, in connection with that road, to thl
nclnnatl Chicago .V St. Louis, which pay* 8 per cent 01
but in March. 1901. the 6 per cent from assets was discontinue
the present, rhe lease Is guaranteed by the PennsylTanla l:K.
formerly paid s-'-, oercetit dnldend
,v \
out of asset*, per
21r per ««nt Marcli 10 am! Hentember 10 and 2 oercetit June
1". L.it In March, 1901, the - B per cent from asset* was dlsoODDOC
tinned for the present.— (V. 72, p. 532.)
Combination Itrld^e (Minn City, la.) Owns steel bridge
1,940 feet long over Missouri Liver, with approaches,
mile, Ul
railroads and street cars and as a highway. Stock, 91,500,000, I
mon and all Outstanding. Mortgage trustee, I'nion Tl
dlanajiolls, Ind.
Pre*., Jos. C. Head, Latrobe, Pa.; Vice-l'rest., Wrn.
Itevnold*. M.irblehcad, Mss*.; Treas., T. A. Stoddard, St. Lou:
Secy., F. L. Baton, Sioux City, Ia.-(V. 75, p. 393).
Concord Sc .Tlontrcal Hit.— From Nashua, N. II., via Concord, Plymouth, etc, to Groveton and the White Mountain
miles In all, (Including Manchester A Keene, 30 miles, owned jointly,
414 mile*; 86 mlie* double track. A branch from Concord to llml-on,
N. II.. about 35 miles, to be operated electrically, Is under oonstruotloa
(18 miles completed In Aug., L902); $1.000,00o bonds will be
therefor.
V. 71, p. 698, 761; V. 74, ]>. 727. June 29, 1895, leased to
Boston A Maine for 91 years at rental of 7 p. o. per annum on all
stock. The sto kholders voted on April 8, 1903, to purchase the Cooconl Street By Com ord to Penacook, 8 miles, and to Issue $500,000
stock therefor and to extend tbe road. etc.. of which $100,000 was sold
in June, 1903.
V. 76, p. 751.— (V. 76, p. 1406.)
Concord A Portsmouth lilt.—Owns Portsmouth, N. H., to
Manchester, N. II.. 40*? miles. Leased to Conoord KK. In 1862 for 99
years; rental, 926,000; 7 p. c. on stook and organization expenses, and
so operated by the Boston A Maine.
Connecticut A Pansumpnlc River* 11 R.— White River Juno.,
Vt., to Canada Line, 110 m.; leases 999 years Massawippl Valley, 37 m.
Lease.— From January 1, 1887,
leased
to
the
Boston A
Lowell for 99 years on a basis to pay Connecticut A Passumpslo stook
5 per cent till January, 1897, Inclusive, and 6 per oent thereafter.
Snot kitif.8.— Massawippl stock receives same dividends as stock of
ind $400,000 of ft [not included In the amount outstanding]
Is pledged
as part security for 4s of 1893
Of the $2,500,000
preferred, $500,000. as also $50,000 Massawippl Valley By. stook,
are represented byOonneetlont Trust A safe Deposit Oo. of Hartford
5 per cent trust certltlcates. under which the Vermont Valley BM the
right for 45 ears from Aug. 1, 1Ss5, to purchase the trust stock at
par and Interest and in the meantime receives all dividends above 5
per cent per annum on the stock deposited in trust.— (V. 57, p. 1040.)
Connecticut Itlvcr Kit,-Owns from Springfield, Mass., to
N. H., 74 miles (double tracked, 36 miles); branches, 6 miles.
In Jan., 1903, purchase of Vermont Valley KR, 94 mil
posed, its $800,000 bonds to be assumed and ctock probably issued
A-
55 miles.
-
<
1
1,
('-',-,
.
.i
'
—
1
189900.
1900-01.
10 1-02.
Sejit.
'N
the road, equipment
and other property, 91 >22ti,0OO being reaerred for the eoonisltaon of
coal properties, and for future additions, betterment*, equipment*,
statement to the New York
etc., at not exceeding 9300,000 a year.
Stock Exchange In V. «», p. 1027.
Gross, 95,536,212; net, 91,28
Earnings— 11 mos 5 190S-S
Qroas, 5,04\923; net, 1,3
July 1 to May 31. ( 1901-2
For 5 mo*, ending Not. 80, 1903: Net, 9674,787, agalnal 1901] other ineome, 91,688; charges, $402,058; baL, *nr., 6274,818.
Annual. Kbpokt.- Fl.Hcal \ ear ends June 30. Report for year
mortgage
Ill
Jan. 1
Julv 1,
New oik City.
N. v., Knlck. Tr
N. V.. Morton Tmsl 00
Cru-l Co. of N. V.
i
Common stook
Valley
Bum is.— The new
Aiu'.,
do
•1<>
mortgage, I >.(
1,000
mortgage, gold (see t«-x
Copper Rang*—
Oomtntit <t Lebanon. Stock
1st ni.> it.. 9800,000. red. al pur beglnlng 19<
OorvaUUm eastern 1st mort ($1 1.250,000)
Cuba Bcutern 1st mortgage - ,000,000, gold.K.
Ouba rk.— let M., gold, 92o,0u0 per mile ncoaar
1st inort.,g., G.gu..
Cumberland it Pennsylvania
Oumbertemd
.
l
H.
July, '03
Dep. A Tr. Co.
do
Apr. 1.
'on, Mass.
i
•
1
June
ao
<
1.
]
•
Conned mi/ (Phila.)—leX M., ga p. .VI. Pa. RR.en.O
I'lui. Germ, a Chest iini i-i «., rro. bv Pa, K.y.r
t
Jan.
June
June
.
1st
1H%
J'ly 1'03,
R'ston.Paneull IlallB'k
-
cut go!
;
»3.1»4%
c
.
I.
do
do
do
t
3Hi prr
1.
.i»n.
pf.)
Stook. Class 11 (B.
Stock, Class III. ill. 0. .V M. i.l.l stock)
Stock, Class iv. (Concord) $ti,ooo.o<>o ai.tii. Text
Bost. Con. A Mom. tin j.ro vt-ni » n mortgage
Concord* Montreal con. M. for*:...r.()().t)i»o.lf M.o"
o"
Debenture l>omi ,91,1 iO.000, currency
<io
$1,000,000, int. guar
Do
no'd..
Concord <t Ports. Slock, 7 p.c. rif.
1'i.r -lock, »; p. o. rent'1,99 yrs.o"
Conn, it- /'ihm/wi
lit moTtgese Sl,900,000, gold
Massawippl st'k, guar.same dlv. u* Conn. & Pass.
Newport & Blohford 1st mort. roar.
.thorlzed)..
Connecticut Bin
c
Bonds, not mortgage, for* 1,000,000, gold
Bond-, not mortgage
do
July
:<denip.
1
Oluremoni (S. II.)— 1st mortgage
Montreal BtOOk, Class I. (B. C. i M.
;
47
/*OND8.
of
of
.
,
\
.
fur it* -toe);.
V 7(i. p. 212.
for 99 years from Jan. 1, 1893. to the Boston 4k
Maine, annual rental (as amended Oct. 10, 1895) being 10 per cent per
annum on capital stock), payable directly to the stockholders In semiannual Instalments Jan. 1 and July 1, and in addition thereto
on bonds and scrip and 92.000 for organization expense*. LOOM
all taxes, operating exj
*hall issue its stock or
bonds for permanent improvements.— (V. 76, p. 212.)
Coiiium tlnii Ry. (Philadelphia).—Owns from Mantua Junction
to Krankford Junction, I'a., 7 miles; (icrmantnwn Junction
nut Hill. 7 miles; branches, etc., 29 miles; total, about 36 in
I
;
Jan.
datlon
1,
1902, with the Philadelphia
Oinnantown A
Chestnut Hill, Kensington A Tacooj andothei
Pennsylvania KB. V. 73, p. 390. Stock authorized standf
50; all owned by Penn. KK. Dividends paid
s <>f
m
In
;
the
nut-
1902,
4 p.c. (J.AD.)-(V. 75. p. 1354.)
Copper Batan it ll. —Calumet, Mich., to Mrss City, with
branohes: total, Apr., 1903, 105 mile* side tracks, 15 miles
2.606,100; psrof shares, 9100. Control:tofCoppi
Consolidated (Mining) Oo. Bonds limited to *20,00O per mile of main
line and branches and s-i ,*s.0<h> per mile of sidings. For 10 mos. ending
;
-
Apr
30, 19o:
-
gTO
6,176; interest. 966 470 bal
President. William A. Paine. Boston; Sec. ami Tr>
Stanwoud, Boston. Office, Houghton, Mich —(V. 70, D, 230.)
Cornwall lilt.— V. 74, p.
.
-
.
706.
Cornwall A Lebanon
lilt.— Owns Lebanon.
cwago.
In June, 1901. the P
acquired 9540,000 stock, nearly all tin
own-d by the Lackawanna Steel Co. V. 72, p. 1241,
'94'95. *96 97 9S *99 1900*01 02
DtV8.— J To 1893
1
(Per cent) Mto4isjyrly
5
5«« 8
2 4
4
3
4 4*-g
Earnings— 10 months. 5 1902-03
Q
.<••
July 1 to Apr. 30.
) 1901-02
1901-2, gross, $332,943; net. $155.-3-1; Id tercet and taxi
320; dividend (6 p. c.),$43,0O0; bal., surp., 958,5 IS
(V. 72. p 675.)
< orvallla
Kaotorii It II.—Owns from Y equina o Idanah. Ore.
142 miles. Land grant was 850,000 acres. Organized In Dec, 1897, to
Steel
Co.
,
,
—
A
SUPPLEMENT.
INVESTORS'
4S
[Vol.
LXXVII.
MAP OF THE
DELAWARE & HUDSON "
m»52.
RAILROAD SYSTEM.
N
Sutton
f
Jo.
D
""mooersjcF
PLATTSBURGl
.lire
^<
Tyon Mt
LVON^
T
r /,
Fallso
Jc
...
B M2^
,
ABLE >'-7W\ \
ZTj/h*
1>
'•mhy.ii\j
,lBURV!NGTON
->
#rt
St.Johnsbury
PAUL SMI
«'H?lf&<
~r
Tuvp" Iffy
~'fk
.^vVjtf
-
nSif
adiro-nd; 6k
(j
charl0,tc
t^erg
Wells River*
11
'^dlF
MOUNTAINS
/:
J,j,.:L.f/
E*
?
*
sf
/*
PortHcn^'-J^
1 ft_
uu
nanimon'ilvlllc
FT.TldONOEBOGA^S
^fiWlCOr+OE^OGA
'Jy/N
NORTH CREEK
RIVERSIDE
o
The
if
Tiviuou
D-.
t;
--,
luii
Ws
^\\o
s
\Etttrfo
ntaau
|I«M
.RUTLAND
vy/
HILEHALL.*!
Gassettst
Lii
/^
Ks.\
SUPSrVDGL
[Rupert
\jie>i
sJ Corintl>
sv
If
I
^
londerry
A.
J
/ Vj Eingal
Greenfields
e>
S^fiATOGA^
/*
BELLOWS FALLS*!
Ba "st„
;.
Ta£-V^i,
Richfield Jc.
.Richfield,
.
Sch e "e
1e
o Springs
RajidalJSvJll
c
JHERRYVALLjfY
D^ Kuyter
V-S?"'"-
.
_ South Yei-nonUf
Cooper»to\ynH»
rlville"
New
1
11 *
'
/l'
rserlin
Milfor
\>X^> S*
Norwich
"^J^-o Stamford
r
// *e
?
4.
-/.'
Can
/
Oswego^
...
Huntington"
BMOnri
Talmei
Andes o
vq pk
YValton
WestOaldl
\Sbringfi^ld
pepoefl
^ Ta-<-Uf,.,,
mTCtarrocclrf Hancock
Rondout^
tClThompbo^-^
High Kails o
>RW-
...
*******
w
©Liberty
7(
'
^O ^o^V
..,.*•
fc
°KlUnviIle
1
<-.>
^Summit
J
Colli/.sviilo>
ftehfield
j.|,rmlnu'«o^
c/ \a
/
V
V.
•inery,
7
"',
tf
o
m Is** -^
A V\
qoakland
^Sfi^o^vy
/Branch
-r
\
<\
low Havenj^ N
V.rjr
J/*
.
v _ N *.
W-^
l\
I
SLJI
_
•
July,
RAILROAD STOCKS AND BONDS.
1903."
RAILROADS.
Date
Mile*
for explanation <>r column
on llrnt page of ta
<.,
I
Size, or
Par
of
of
Road. Bonds Value.
see note*
Ill
Amount
and b
,:;',
"nt«t until,„
til.
.
.
a*T
5
Oumb. Vol.— (Con.)— Pref. stock ($243,000 2d pt)
1st
Hllll
'2(1
gold
KIM..
Dakota Pa
.
lu
it
:
1.0O0
Day
3i*
50
8
1st
•-
p.
i
,v-
l.
142
end
Dayin
Dayton Union Ky.Dayton ^ R
l<t M.,
».
f.,
cull
par
tit
I
Delti"
117
54
M., gold PP...
Delawai
-Stock— 8
Del. 4
000
too
mortgage
1st
2d
p. c.
gu. Pin
1809
I
Detw
100
n'ly,
:
old.gll. p.
I
-
....
....
....
Hill
I
Jan. l
0'AT
1,000
7
>
1892
57
....
....
4>*
1890
AM'
3,11-.
1,000
1,000
1,000
in
Blna
Tin
.v
l.OOO
Detairnre Mil.
if
1877
Ka.— Junction
.v
B.
1st
1.000
1874
All.
All.
inoi
19
Delaware Hirer KK.
1.300,000,
.f
200,000
eso.ooo
1896
10
i>..tl.,Ponn.RR.«.l'
tend the Oregon central A Eastern, whi oh
Pacific, sold In foreclosure Deo. 22,
1.000
>.;;
net,
I
]
i
Cumberland A Pennaytvuaia int.— owns
from Cumberland,
Piedmont, M<L, and several branches, 57 miles. Owned and operated by Consolidation Coal Co., which guarantees bv en lorsement the
tirst mortgage.
V. 52, p. 390. Stock. 81,500,000; par, 8100.
For year
ending June 80, 1901, gross, $812,077: net, 8364,492 ohargi
202; dividends, $82,868; bal.,8ur.,$188,3'JJ In 1898-0, tut *lt: 1. )j.
G ii in be r I a nd V a 1 1 e y It It .—Owns from Harrlshurg, Pa t o Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland Valley <t Martinsburg Railroad, 34 miles; Dtllsburg & Mechanicsburg Railroad. 7 miles;
Southern Pennsylvania Railroad, 21 miles; leases Cumberland Valley
A Waynesboro RR., 18 miles; total operated, 163 miles.— (V. 61, p. 152.)
Stock.—Pennsylvania RR. owns $975,850 com. and $237,200 pref.
Dividends.— In 1880 to 1884, 10 per cent yearly; from 1885, to
July, 1903, both Inclusive, at rate of 8 per cent yearly.
Earnings.— 5 months, (1903
(iross, $701,8.-i0; net, 884,085
Jan. 1 to May 31.
ram, 148,288;
( 19
Report.— Earnings entire line as follows:
hii.,rir.
Net
Bnl.,*urp
Dividend*.
1802.... $1,256,501 $378,7(
174,418
1901.... 1,131,531
42."..lS•_
JH
68
218,004
-(V. 66, p. 708; V.68,p. »;68; V. 70, p. 5 80; V. 72, p. 891, 532.)
;
1
.
<
.
,
Dall»» Cleburne dc Southwestern Ky.— 0*ns K.mii, On Mo,
Kan ,v- iexaa RR., to Cleburne, 10 miles. Operated from Dee. 1,1902,
Extension proposed from Egan to Dallas, J7 n lies, and from Ole
borne to Qlenroae, 50 miles. Leased to Mo Kan ta .t Texas
s
Bonds authorised, 8150,000 flrsl mort 3n-year gold 9
im
1000.
D. Myers, Cleburne,
lex.— (V. 76,
at
at
a
i
48; V.77,
p.
i>.
Stock authorised,
paid
last accounts.
888.700. The stock
issue a tlrst mortgage tofaeoure
1, 1903, to
to extend the road and take Dp existing bonds.
(V. 70,
I
;
p.
m
in.;
1
tock;
rental
nei
other
-
•
.
Adlromlack Ry
',]
57
Total operated Jan. 1 1 :)()3
717
Also leases Utlcn Clinton A Blnifhaniton and Rome A Clinton RR.
44 miles, sublet to New York Ontario ,v Western. Op
Jan. 1, 1903, tbe Chateaugav RR system, Plattsburg to Sa
,
and Lake Placid, 83
mile*,
-lock of the Oooperaton
v.
76,
101.
p.
In Jul]
Valley BR.," 00 per* town
with lon^-term lease of Oooperstowo
q.nehanna Valley BE., l'.i' miles, was acquire I. v. 77, p
History. Etc.— This company was chartered April 88, 1828
It
one of the largest miners and carriers of anthracite coal.
DavenportO
'88 '84 '85 '86 '87 *88
,
89to
,
&
l»
'00 '01 'n2
!»6 ".»7 to
1903
7
7 6 5
5
6 7 y'rly. 5 y'rly. 7
7 Below.
Dividends for 1903 fixed at 7 p, c, payable quarterly. V. 76, p. 48.
Ronds. — In 1899-OOlaaued 84,000,000 e<iuipment trust 3»«s and debenture 4s, of which 81.000,000 have been paid and
1- i,, iv
.ily.
V. 68, p. B70j
70 p.125
Chateau
^1, 500.000 bonds are guaranteed by tbe
v
,
I
\
\
vWiich
-erved to retire in l<ji
v. 78, p. 1263.
eauga
GSKBBUX PniASOBS. "11 May'.). 1 -;t:i, the stockholders voted to set
linking fund to retire stock and bon
ourltles, an amount equal to at least dve 061
per annum, to be charge.
p 826. See ordinance in mi
:d amount or coal owned and controlled Jan 1*
1180
I'
18.401,785 tone, in 1900 8200,000 stook was retired from prothe sinking fund; $141,800 In 1901; 8151.100 lu 1902 and
«'f
•
.
•
1
1
-
'
$100,000
in 19<>3.
lings of leased
-
II:
for 3
ending March 31 u
—
a
illi'inj \
months
SltHJ'Uh.-
montht.
iwoa
n
fi.i
•
I
.
•
864.1 ii
a.
Rki'ORT.— Fiscal ve.ir ends Deo. 31. I
-day in May. Report for 190
7tJ, p
1901,
7.
,1
571.
.
(anthracite)
carried in
tons.
:u —
1
1901.
Earnings of railroads,
Net irallrn
Inter,
nd rentals...
.
Profit
2.9T7.1S
...
from railroads
Total profits
82,642,783
*4.6n
(ion of plant
uk. fuuil on
I,lv
"io.066
.
Balance, surplus
I
Dayton
Western It K.— Owns from
to State line
Ind..33 miles, and leases 4 miles to Richmond, ml. Leased from Jan. 1
1865, for 99 years, renewable forever, to Little Miami, and so operated
by Plttsb. On. chic A St. Louis. Under terms of the lease, upon payment of the D. & W. bonds the Little Miami will become sole owner
of the D. A W. Of bonds $32,000 are 7s. Stock. I
Delaware KK.— 8kellpot Crossing, Del., to Delmar, Md., 95*22
miles; braucl.es Cenirevllle, Md.,toTownseud, Del., 3515 miles; Clay-
to
,
DlVlDUIM.
sime 82.%<
;
surplus earnings over in
bonds at not above 100. Year ending Oct. 31.
net, 882,363; other Income, 610,126; <!
|
•
I
V.
interest
town, MiL,29S7
;
bonds
p.
tci
V. 87,
Delaware A: Bound Itrook Kit.— Owns from Round Brook
(Central of XT. J.) to Delaware River, 27 miles bran.
ion. 7;
second track 27 miles; all trac
In May, 1879, leased for 990
years to Phlla. A Reading RR. for 8267,000, paying internal and
on stock; lease assumed by Phlla. ,w Bead'g Railway.— (V. 6s, p
Delaware A IIiuImoii Co.— iS,e. Mil/,.)—'
llroad lines
from Wllkesbarre, Pa,, via Albanv. If. Y.,
l'.dnt on
line, with branches, 717 miles in all.
V. 881 p 87L
Line* owtied—
Mile*.
Linesleaxr
cot. Mile*.
Lackawanna A Susquehanna.. 22 "
haima
142
Valley RR. of Pa
17
Vork <\e Canada
150
Branob
28
elaer e\ Saratoga
192
Schenectady A Mechanloville. 10 HUnlon BB
22
Cherry Val. Sharon A A If. any 21
rson RR. (trackage)
35
"Soheneotady A Duanesburg. 14 Other lines
7
'par $100);
oted on
and sinking fund and S p.'o. on pref. stock an
o. on common.
Guaranty oupreferred is secured by mort
bat the preferred carries no voting power. V. 56, p. 813. Mori
1856 Is. held alive under mortg. of 1881, which is therefore a
Dayton Union Ky.— Union depot at Dayton,
-l ,000
all common, nil outstanding.
Pres,, M. li. Ingalls; See, Ralph Peters,
Treas., C. G.Waldo. Otlice, Cincinnati, O.— (V. 73, p. 126!
Dayton A Union Kit.—Owns from Dodson.O., to Union City.
Ind.. 32 miles leas,- Dayton to Dodsdon, 15 miles total
miles. Operated by Cleveland Cini.
lointlv
with the Cincinnati Hamilton A Da
the $86,300
is
l
398 to July, 1903, inclusive,
1
|l.'jn-.:c..|
Dayton A RUenlaratn int.— [See aTajp an. Hnm.it dhij
Dayton, O.. to Toledo Junc.,0., 141 miles; trackage Into Toiedo.'l^m.
Leased May 1, 1863, In perpetuity to Cincinnati Hamilton A Dayton.
Rental
Aug.
ading Oct. 31, 1902. gross, $l.s
Income, $24,577; inter.
:::<); bal., aur., 882,655.
|V.68,p. 129.)
B8.)
nlon Depot Co.—Terminal
Dallas, Tex.
1,
Philadelphia
miles.
Idends
-
DaJlae TermlnaJ RauUway
.1
1927, to the Philadelphia Wllmlnxton
which
.
.
do
N. V., Kn!.
1
7-:»7
•
r>4, p.
'
ty
In
J.
,1..
1.
I
W.
A
Cla\ Ion, Del., to Che.-
;
lllvcr ItH.— (V. 78, p. 479.)
It It.— I' ml cr const ruction nun Oranadlllo Ray, on
of Cuba, northwesterly via Quantanamo to
Lands owned by the Cuba Hardwood Oo., 43 miles; to be extended
eventually to Ripe Bay, on the north shore of Cuba; also branob to be
bnlll from h point uearGuantanamo easterly to Barao ».
Ba
Cnba Hardwood Co. V. 76, p. 1355. stock authorised,
$2,0(jo.<n)D.
in.iunc.
K> bonds (see above) were author
Izc.l. Pros., H.W.Bennett. Offloe, 79-81 Wall St, FLY.
(V. 76. i>.|1355 )
Cuba Kit.— Operates from Santa Clata. Cnha, to Santiago do
:.~ii.j
Cub. i, 3i.">
miles, of which Santa
mile-, is
owned and balance con trolled; also ownSplrltus, it
to the Bay of Nlpe, 10 m.;
374 1* miles, (controls Ponupo branch, 12 miles, and leases Jnearo to
San Fernando. 42 miles; total operated, i is miles SeefV. 75, p. 1147,
1317. Road opened Dec s. 1904
authorized, 810,000,000 eaoh of common and 'I per cent non
cum. pi
indlng, common, $6,000,000; prof, 88,000,000
of Shares, $100. Bonds, see table above. President, franklin B.
Lord; vice-pies., Perolva) Parquhar; Treaa., James L Rurke. Omoe, 83
Montgomery St., Jersey City, N. .).— (V. 75, p. 1117, 1307.)
ident.
j. riii;
J.
ton, Del., to Oxford. Md..
i
A Solomon
Eastern
i
*
&
ir.
I
;
Ottf
4
1.300.000
provides foi ex
Snake RlvarlnMalhenr Co.
Kaumviis.- Ib rear ending June 80, 1902, groj
total deductions, (67,280.— (V. 88, p. 174.)
Cotton licit.— Sec si. Louis southwestern Ky.
II
g.
(!)
Oregon
<'n l>n
3
4
5
J.
3
Bridge—
ir.,ini.
do
j.
J.
»,000
f.K
.0,000; out
strward to
Count
i
i
...i-'
>00,g.,8
do
:
lateaa
onroaaAequlp (fl0.000.0O
i
g.
4
i
-
1
I
Delaware Lack a \\
ates main line from
410
He
a
11 1111
Cortlandl
A Western
miles, witu branehesto anthr
:
.
Itlt.-
ork.
so
INVESTORS' SUPPLEMENT.
(Tot.
LXXVII
—
•
July.
AND
KAiLliOAD STOCKS
1908.1
RAILROADS.
I
Miles
column headings,
For explanation of
on first page of
UOJMU&.
\o., see notes
tables.
Date
of
of
-
l:l
DIVIIM.N DH
«'K
I
Blse.or
Road. Bondu Value.
50
Delaware Sust/. if S. BR. Btoek (aiith. $1,500,000)
Denver Lakewood £ Oohini - 1st mortgage
M.
,000
Denver Nori/nr. J: Vac. -l*\
i.
t, ooui., (see texl
Denver >£ K t<> or--Pref. stock, 5 per cent non oom., $4».4oo,ooo.Tr
lBtooiiH. mort. for $42,000,000*
(1
lB 4r i,<;g7
1,621
(now lnt mortgage]
i
S II
.11
Outstanding
|1,
Who
,vable
A
,000 See text. M.
Drirtou, Pa.
N.
Mljr
1903,3
1,
i
Rio
mile) g
i
Rio Grande Junction
Kio Grande Western,
M.g.(v.69,p.28
1st
-'"-
lit cons, mort., red at]
1886
500
L80
1889
L889
1H08
«
,|
14 n.O.OOO 5
3J.450.0OO
32,500
Wo.e"
Cent. 1st M., guar, F.68,o.724,g no
Co., l-t M
#2 .000,000, red. no.Jio
pleasant Valley Coal, 1st M s. r.. red ii5..Tio
Denver d Soulhiess Urn Common Btoek
Preferred -lock. 5 per cent, non cum
<••
41
v 0*
Mid. Term, I81 mort., gold, sink, fund
127
00,000. B. f not sul.j. to call. Co.
Des Momi-s ,r Fort Dodge Common stock
(erred stock, 7 p. c. non cum
iul..F
secure,
lst.M. t
(ss)
Do. J both eqriallj i Series H, int. guar.,end P
55
lnt mort. on extern, rare to Km in en. int. gn..V
75
-1st M..$l 1,000 p.m., g.red.OoLe'
D.Mo.la F.ieNo
Des Moines Union-SUnk, $2,000,000
4
Ce.o"
gold
1st M. for $800,000,
189
1st equip. M. gu....0"
Detroit Oraitd Haven t£ Mil.
1*9
o*
mort., guar, (option— see text)
Consol.
65
Detroit Hillsdale .f ft W. Bt'k,4 p. 0. rent'LL B A MB
1
I
Detroit Orand HapUU .f Wutern BOC P«B1 Makq
on Nov. 30, 1909, In treasur y and
fl Of which $100,000
33
.
—
Wat.
Lines owned
I
Mate line 10 N.Y. line ....
Br'noheeto N'rthumberrnd.Ac. 80
N. J.
l.t
1
Ml
1
—
Ittised
i
N
v.
LgOfl
1901
1895
1899
1874
1874
1901
1284,000
In
48
OmOll-
.
i
I
,
76, p. 810.
lielaivarr Klver It It. A Itrldt^e Co.—Owns a bridge over the
Delaware River near Philadelphia and about 10 miles of connecting
railroad. Capital Btoek ($1,300,000) Is all owned by the Pennsylranhi
RR., WhlOh guarantees the bonds, principal and Interest, by endorse
Dividend for t; mos.. p. c. pud Deo. 1900; 1901 and
njeii't on each.
•_'
1902, 4 t». o. yearly (2 J. A D.i; 1903, July 1*0, 2 p. 0. sinking fund Is
one p. c, but bonds oaunot be culled Ouarant] tnV. 63, p, 1062,1159.
—Owns main
line
from Drifton, Pa., to Gkrwen, Pa., 31 i.nies; branohes, 17 miles; total
owned, 48 miles. Trackage— Lehigh Valley UK., etc., 133 miles
Opened Feb. 15, 1892. The road is controlled by Coze Brothel
DlVLDKNDfl Oct. 18, 1892, 40 p. c. In oash Nov.
Inc.. the coal miners.
25 1893, 20 p. c. in cash and 50 p. c. in $tock\ Sept 26, 1894, 'JO^s p. c.
In eaa*j 1899 to 1901, 4 yearly. 1902, 5; In 1903. May, 3 p. o.
KvasiNQH.— In year 1901-02 gross, $870,240, net, $113,188; Interest, $14,029; depreolatlon, $01,259. -(V. 7o, p. GOO
-> n to iionham,
ocni-oii KoniiKin A New Orleane iit.-i
'.by 'he Mo.
Tex. 29 m'les. Operated since completion
Kansas A Texas under a ten-\ear contract. Stock, B 180,000. In Feb.,
permission was given to Issue $340,000 thirty •year gold bonds.
1903,
on road between Bonham Jet. and Bonhain; V. 76, p 381. Pri
Ed. D. Stager; See., John \V. Russell. — (V. 74. p. 1195; V. 7G,p.38l.)
Denver Lakeivood A (ioldeit lilt.— Kmbraces 27
traci, of which 22 steam, Denver to Ralston, and 5 trolley, Denver to
;
)
I
(
1
dorton Tr
do
do
do
do
do
do
do
A
A
Apr.
Jan.
Mch.
July
1949
1917
1
,
1
.
1
.
02,1
5 g.
B g.
072.000
N.
5
g.
400.000
871,000
2,000,000
3,200.000
1,350,000
5
g.
6
6
4
sinking fund,
Biiruuiii.
A
A
J.
J.
*i
J.
xA
do
do
J
J N.Y., Colonial Trust Co.
A
<k
A
O.
O.
Nut. Bk.of
M
i
Oomm'oe
<
and London.
"i
mi.
J.
lso $2,2
Trust.
i!
>
1929
.
a N
M.
A.
A.
i*
o2.m
(',.
I'
4
1.0JO.OO0
1981
1
LATr.Co.
Aug. l.'02,7«t
Jan. l, 1905
Jan.
Jan.
1,
1,
July
1,
'
IBM
;
Nov. 1. 1017
Nov. 14, 1918
Nov. 15, 1918
July 5, '03, i%
33,000 not guaranteed.
W.W. Burst, reoelver. On Mi', 17, 9 i.'. foreclosure decree
». For 1901-02, i
F. 74, p. 1189. stock.
net, $17,489. President. Samuel New
1
waa entered.
'.
i
KK.—T. 78, p. 1855| F.77,p
Denver North we«tern A l»aclll«- It — B illdlug from
iienver Bald A Sail
l)e?u,r
j
Lake, about »00 miles, along a line about 100 miles aoatta of
the Union Paotflo and 185 miles north of tii<> Denver >v R
By arranffoment with the Sao Pedro Lis angelee a Paolflj a lm
.
Ry., Ao.
-President, W, II. Truesdale; Ch;iirm.in of Board, Samuel
Sloan; See and l'reas., Fred F. Cliambers, 26 Exchange I'lace. N. Y.
BOARD, sumici sioun (Chatmaan), Fredk. W. Vandertri't, Wm. sr, 4s*or,
i<:ugeiu' Higglns, Henry v.r. I'arlor, J. K<
ftooksfeller, lUmilum MoK. Twombly, Junes Sllllunin, If. Taj lot 1') ne. Hnrrlg
('
VatansslOCk Knink Work. John D. H«>« kefeller Jr.
-iV. 75. l>. ^"'-K 1086! V. 70. p. 48, 477,541,918.1029.)
Delaware Maryland A Virginia Kit.— >wns from Harrington
rankllu City, Ya., 54 miles;
to EtehobOth. Del., 4 l miles; (ieorgetown to
which own
total. 98 miles. Controlled l.y Phlla. Bait. A Hash
20O of the $526,758 stock (par $25i, and so by l'enn-.\-i\ .n.i.t BR Bee
498. Loans and bills payable, Oct. 31, 1902. $184,800] Othei
V 50 p
flouting debt. $480,024. In year ending Oct. 31, 1902, gross, tnet, $40,7s6; Interest, taxes, etc., $48,718; balanoe, deflolt for year,
$7,9o2. but this does not include interest on the floating debt.
It It.
N. Y.. Maltl'd,
7 In 1902 August.
N. Y., Fin-t Nut. Bank.
4
1.200.0O0
do
2>«
1.2O0.0O0
BO
the
$1,900,088.
Delaware SiiHqtiehaniia A Schuylkill
.).
RR
7»«
U.—Y.
5
(,000
13,000
100
l.OOO
1887
l.OOO
1878
1878 200 Ac.
100
1
If.
M
g.
July
1936
1
See text
48 1 ,ooo
l.OOO
l.OOO
1,000
1,000
1881
7 yearly
Kinancks.— The refunding of Morris v Kssex bonds maturing prior to
Interest charges of tti* latter aiiout
Nov, 1902. reduce. the guar.
8200,000 yearly; Warren BR. refunding In 1900 and 1906 will reduce
charges about $50,000 annuully. V. 'O, p. 177; V. 71, p. 1000.
i: \umnos.- Karnlugs of leased Unis in New York State for 3 months
ending March 81 were
In'.. Tttxri.ctc. Rat. Bur
Omit.
Vet
,.,„„,
$713,311
$819,207
$1,325,518
1<) 3
$2,899,856
i05,920
1,8*9
616,499
1,790,265
1903..
Fiscal year ends Deo. 31. Annual meeting Is held
annual Rki-ort.—
on the Tuesday preceding the last Friday In February. The report for
1902, witn balance sheet, <raa In 0HBOHI0I*, V.7(J, p. 477. Bee also editorial p. 4.'>t>. The following tnoludesail lines BXOapt Hyr. Blngh'tOn di
N. Y., Sussex RR., Bangor A Portland ana Lack. A Montrose RK.:
1900
1901.
1902.
y,,ir,>i,l. Drr.61.
$4,186,232
$4,522,383
Passenger earnings
$4,592,036
17.41H.o33
1">. 159,344
15,195,510
Freight earnings
1,507.218
1,506,021
1,647.384
Miscellaneous
$21,398,704 $23,507,034 $20,887,763
$9,122,210
$6,265,484
taxes
$6,931,342
Net after
'1.200.082
*1,«38,043
'79^,477
foul department (net)
141,390
641,943
401.519
Other miscellaneous Income..
$8,10
$8,115,338 $11,202. 2ls
Total net Income
$5,305,012
$5,387,854
$5,850,213
Interest and rentals
12,2b5
l.'3.o27
201.212
Kentals. a lvalues, etc
2.523.127
8,058,149
Renewals and bettermenta
1.834.0QO
1,8
Dividends (7 p. oi
1,834,000
fiance after dividends... def.$2, 180,652 sr.$l, 196,054 BUr.$896,232
* Earnings of the coal department
in 1902,119,440,950; expenses,
3,-i78; i.et, $792. 177; In 1901. *^,oo-,7 17; e\pen190o, $22^61,887; expeusee, $21,001,805; net,
104; net, $1,688,648;
Delaware & Northampton
A
J. in
A.
\
l'.UO
do
do
do
100
100
Lines leased— H Bee each co. Miin.
97
Utloa Chenango A 8ueq
11
RR. of N. Y
19
HSVarrou
8 yearly
a
4 g.
5 t
1.174.000
,
6H
\
J
J.
850,000
750.OO0
3,lHM),lKlO
;
o.
5 «
.1.
100
100
l.OOO
47
(V. 72, p. 435)
34
VCayuga >v Susquehanna
35
V Oswego A Syracuse
Total operated Jan., 1903 947
81
<>> racuseBlng. A N.Y
present title
diiTOBT, Bro.—Original oompanr ohartered la i->:t2
assumed In 1853. No sub companies (coal and mining) are controlled.
the railroad owning u- anthracite mines, in \pr., 1903 control of the
N. Y. .v lioboken Ferry Co. was purehaeed. v. to, p. 918.
•'84
8dtoJnly.'Q8
Dividends{1881
i>.
July 15, 03,2»«
Bank
du
dO
12,271
l.tMK)
IJVallev
-ex, Ao
A Essex and branohes.157
Laokawanna A Western. 214 Bangor A Portland
Blnce 1880.
.v
15,200
11
H Morris
'
A
1,000
1,000 Ac
1,000
1,000
.
1
1903 J
4»«g.J
In
-..120,000
.
i
:::::
i2.277.O00
l)Ce.(
(Ttuii
Utah Fuel
1,o.k>
1888
«.o"*r
i
iih'n l-t molt., guar.ue
1st mortgage, guar
•
100
LOO
«
,
Improvement mort. ($5,000 p
1909
5..
•
I
!'• aii. Nevada and
lis lied through Colorad
Seoted to be eompleted In about two years. See V.76, p. 289 Co
i\ e been Lei
Bee v. 75, p. 906; V 77, p. 146.
inoorporated In Jolr.
1902, with $20,000,000 authorised siock, or which *10.0(M),ooo preferred 5 per ceiil non cumulative, all to be issued for OonstrucUon,
together with $20,000,000 of tin- $32,500,000 I per BUI bonds
V. 75,
President, David H. Moffatt; Flce-Presldeot, W.Q.
p. 1 147,
Tress., W. K. Rossi.ewn. Bee.) r. B. Qlbeon. -iV. 7
147.)
Deuver A lllo (iriuidf Kit.— f&M 1/u//, ROAD I'he lluesof this
company, together with thoeeoftbe Rio Grande Western Ky., whose
stock Is substantiully all owned, well shown on the adjoining map,
its
roaoh all the important points In Colorado and exten
st.iudard-gauge line extends from l)eu\er \ la I'ueblo sreStOf l!
l.eadville and (i rand Junction, to Ogden, Salt Lake City, Ao., I
>.
i
i
i
•
1
1
;
1.
.
.
M>l"<-
Road owned and operated
.
2,328
Miles.
I
|
Of the preceding:
Standanl gauge
1,470
Narrow gauge onlv
920
Total June 30. 1902
2,390 2d track and 3d rail
381
North Fork branch, 43 miles, was completed In Jan., 1903.
Reorganization of a railway company of same name foreHISTOBY.—
closed July 12, 1886. The Rio Orande Junction Is leased Jointly by
this company and the Colorado Midland, and Its bonds guaranteed.
The Colorado Midland Is controlled bv parties Inter*
illy In
Y To, p.
the 1). >V U. (i. and Colorado a Southern
02
Rio Or. Jo. RR.,eto. (leased).
1
I
The Missouri
Pacific early In 19ol
aoomred$l i.soo.ooo oommon and
$7,300,000 preferred stock. tiiH, together with the Rockefeller interests, It Is understood. con^tHiitm : a considerable majority of the entire stock.- V. 72. p. 338, 580, 1238; V. 75, p
DrvTDIUM since. '92 *93 '94 '95 '96 '97 '98 '99 '00 *01 '02 1908
91 m pref., p. cents
2^ 4
5
-i'ii
During 1901-2 pref. stock was increased from $23,050,000 to
$44,400,000. Of the new preferred $19,500,000 was sub-cnu.-d b/
stockholders at 90 and used to acquire the entire Rio (iruude Western common >tiu'k, the remaining $8,250,000 being Issued In exi
for substantially all the $7, 00,000 H Q. \V. |iref. stock on basil
ihares of Denver stock. Through th- Ho
hares Ol Western for
Orande Western the Utah Fuel Co. waa acquired. V. 72, p. 775.
Bona. -Consols of 1888 fur $6,900,000 originally reserved for ex10 ogden (made onneoeesary by aoaulaltlon 01 Rio Orande
020022
k—
1
455
1
used for other capital requirements.
V. 73,p.i507.
iiimmi 1.1 Y. I 7, p, 328.
rael Ol mortgage In
The im/irvrrmrnl MOrlpagt abstract wusln CSBOnOLB, V. 47, p. 229.
Ab-tr.ict of u. o. W, ist mort. was in v 49, p. 387. and statement.
N.u York -t(,ek i:\cliangein V. 50. l». 73; also Y. 89, p. 884.
t<
The Rio u. W. first consul. 4s of 1899 are secured by a first mortgage, eitlierdirectly or by ull their securities, on 173 miles of brunch
line-, and further by u second lien on 138 miles of main line and other
ad on all new mileage to be constructed and roiling stock nurOhaaed, including 50 miles of branche- (0 Uei>er anil coal mines built In
000 are reserved to retire the l-t 4s, $2,163,000 were exchanged for $2,850,000 treasury branch line bonds; t1o.oiki.ikkj have
-.000,000 were is -1 ia de at not exoeedlnu $500,000 per annum for equipment and Improvements, They areal
by a
if the
Bret lien on the entire $10,000
Utah Fuel Co. Additional consols may al-o be
020,000 per mile for future
branches and extensions or for underlying liens of acquired roads.
See application to list in full. V. 73, p. 537.
775, 1189. List
».
of securitna
1908, v. 75, p. 017.
Lvti -r K u;ms.,s.— From July 1 to May 31, 11 months:
Bal., sur.
Oross.
Xct
11 uioi"'Ije*
..$15,902,014 $6,161,
-.1901 I ... 15,577,040
8,237
Lmrr/AL RaTO«T.— FnD report for 1901-09 la v. 75, p. B06, 814, the
gross.
rn being included in 1901- 1 only.
earnings. Including the Rio Orande Western.
;,0l2,$17,036,839 in 1901-2, as below; net, 478 See also p. 582.
Tear ending June 30
1902.
1901.
1900.
1899.
Average miles oper'ted
2,347
1,670
1,674
(
,
1
i
1
l
1
$
Oross earnings
Net earnings
Other Income
Total net income
11 on bonds
Taxes and insurance
New equipment.
Dividend on
$
'..080
17,03-
Mi-cellaneous
9.270,246
3,5
165.:
1
1
110.327
113.6-4
1
6,871.041,8
.
i
'.1
2
3o'
500.000
310.:u 4
130.161
1
pf. stk..(5i-
I
Balance, surplus
.
362
i
146.000
52
INVESTORS' SUPPLEMENT.
[Vol.
LXXVII.
s
JILV..19C3
)
UAILROAD STOCKS AND BONDS.
J
.13
RAILROADS.
For explanation
09
Detroit
Detroit
<>r
111
column heading*, &c,
st page of
'
annul
'
-
Out«andln«
Bond* Value.
I
When
I
\Y
,
Cent
K RR.
Lansing J Xortherti
<c I,'.
moil stock, uli
•., IKMI-nllll, 0]
I'M', -to,
ItU.
"1st lien," 81.500,000, go
Ho.
"Mort. bonds" 81,750,000 fold, red. at par. *i <•.<••
Del. s». -lHt M..g., W.S00.00O, n d.to'06al L06.C*
i
i
i
1001
1901
Mortgage, 810,000,000 gold.Co
Ohio South n, equip, not! -. due 86,560 month)
lstM93.000,000,g.gu.p.J m
Dover it Ho<- k'f
1st mortgage
Dub. * s Chi
u
Btook,6
i/
lowa Palis.
Cher .V Dak.,0,
R,
m
1903
.
I
1891
1,90
do
<
i
f
.i*
—
83,500,000, g., cull .it 105...
2d mort. (85,000,000) gold, red. at 10
.
Dututh Bo. 8K.4 Atlantic Marq.H.AOn.gen.sJ
JJuluth South shorn A All. in.,
FirHt oonaol. mort., gold, Interest guar
9,792,000
l-i
1997 L.OOOAc
l.uoo
1896
do
00,000
B,43<
65
190
<
do
6
g.
5
1,000
g.
i8,000
1,07
1, ()()(!
do
N. Y..
'
do
Jan.
Apr.
dO
Vork. 44 W
i
1,
1,
do
York or London.
do
New
F.
A
A.
M.
A
8.
Minneapolis, Minn.
N. Y.,N. 7. Cent A Hud
J.
A
J.
Jan., '95, tnt'at leal
J.
,v
J.
4g. M. A
8.
15,107.000
(83,000,000 held by C. Pao. Ju;
Inc. oerts,
York.
Car trusts Jane 1,1909
it Rainv Lako- lit M., 82,000.000,
Dunk. At. Vol. J PUtsb.— let M., old 7s, to be rcrmi.l.
Dutilir
BKOLAHO.
r
East Broad Top RB. -r Ooal 1st mortgage
Dul. Va.
1»1«
171. ooo
1,761,000
1,000
1,000
1897
if., Eiuptri
6
l,
1,(MH)
130
156
419
572
I
1
do
g.
1
500 Ac.
M.
,eto.,la1
Y
N.
140,000
184
i
I'
M
N'.Y..<
5,42
'I
Dululh tf Iron Hon,/? -lHt 01
2d mort., ourrenoy, red. at 105. 85,000,000
1st mort., gold, b.
Dutuih Miuabt
tforth'n
1st oonsol.
do
4,2*1.000
i
I
AQ and OmehaDh
1,050
1,250
1,000
LOO
rental
p. o.,
W. llnea, 1
M [a
4 Slotu City
(1L Cen.,
51
B
Dtl.JToi.sn.l,
1,000
L.0O0
l.OOO
1,000
All
All
1902
l.uoo
1.000
'0,000
1879
-
1,000
500,000
til
5
g.
I
4
5
6
50
East Mahanoy RR. stock
Btockfip.o gu.999yrs.Phll.AR.
ia
fa*//
lst.M.. gold, guar. p.Al. bj P.A R, RR.(end.)...c*
III KN Rl
36
36
1888
Ba*tTeiin.<eW.X.t!ur.- lstM.$250,Ooo.uu
81
1991
1,000
pd
July
l
i
PhlL, Phil.
4
K- ad.
K,
K
J ih
do
do
i
.
OrncEKs— chairman
George
!• cur.c.
850.000
Gould; Preel lent.K. T. Jeffery; Vice- Pree. and Gen. Mgr, Russell Harding; Treas., J. w. (iilluly;
ad Comptroller, Stephen Little. Office, 190 Broadway, N. Y.
M H irrlumn,
Oould, MornDlreot
J.
Wurnur
nd IrthurCoppell,
Wlnalow d. Pierce,
Hini itu-xcii Hnrdlng, St. Louis: Edwarfl O. Wolcott, Uenver, CoL
>,<><;. (;i |; v. 7ti. p. 159, 991; V. 77. p.
-(V. 7
Denver A- South wcMcrn Ky. — 1>i\ ido, Col., to ripple Creek
ami Florence, etc .Trim.-, yiotori
3m.; braDohesandapnn
to mines, eto., u miles: total, 125 miles, ol which 43 miles standard
gauge. Incorporated in Nov., w.c.i, to aqqnlre Midland Terminal
By.. Florence A Cripple Creek BR, Golden Circle RR., La Bella mhi
Water .t Power Co., Colorado TradlDg A Transfer Co. and $
Refining Co. E
ocua, V.
bonds or United States Reduction
69. p.851, 101 1. lo::; \
V. 74, 880; also »dv.In CHB
of Board,
J.
'
'
i
<
A
v
<;
March 8, 1900,
BlOCT im>
p. lx.
immonstook, >;:!, 000,000; 5 p. c. non-oum. pr«
s$577,Of the gen. morl
ferred stock, 92,000,000; all Issued
ooo were reserved to r< deem the outstanding §487 ,000 Midland
only underlying bonds remaining unretired; 8284,000 have been purabased i>y the sinking fund, and $100,000 purchased from surplus
earning* are held in the treasury as an asset. V re, p B80. sinking
fund or 895,000 j curly will retire bonds if purchasable at 110.
common, l^t p. c quarterly May L 1900, to Feb 1,
Dim
1903, LneL; pref.,
p. 0, quarterly May 1, 1900, to Feb. 1, 1902, inol.
in May, 1902, dividends were deferred because of rate war, which
was settled In July, 1909. V. 74, p. 998; V. 7:., p. 29, 78,
IS,
was in v. 76,
Repobt.— Report for year ending K01
p. 702, showing gross. $1,088,701; net, 8142,064; intercut on bonda,
aklng fund, 8108,655: dlv. on nref. (li*. p. 0. 825,000; dlv.
in 1900-0
gross.
on com. ii
p ci, 845,000; bal.. deficit, $30H,954
K (illicit; Secretary and
81,949,069: net, 8660,651. President,
... ,1
p Cobb, onice, 52 Broadway, n. r.—(V. 76, p. 708.)
Owns llei Moln.-s to Ft. Dodge.
l>o HolBes Kort Dodge
Ia., ss in., HiidTarato Ruthveu,55 miles; track
entral.Tara
to Fort Dodge Junction, lnoluded above. Leased Jan. 1, 1997, to Chic.
Rook Isl. & Pao. for 18 years at rental of 30peroentof gross earns., with
a guarantee Of 4 percent interest on the Series A bonds, and 2>« per
cent per a mi m on the series B bonds, both series being eqnallj by the mortgage of 1874. The series B were originally t. per cent In
comes, but their coupons have been stamped, reducing the interest rat*
to the 24 p. 0. guaranteed. Preferred stock la entitled to 7 p. o. noncumiil it i\ e dividends, then common to 7 p. 0. after which both share
equally. In 1901-1902 newpartles purchased itoek. V. 71, p. 1038.
'94
*95
'96 to '98
1899 to 1902
1893
PlVJJjmjJft.— \
7yearlv
on pref. (p. 0.) s
4
4
8 yearly
Rental for year ending Deo. 81, 1901, $207,573: for 1900 was $189,(V. 74, p 1098; V. 75, p. 188; V. 76, p. 1248.)
894.
- la., to
Dch niolnea Iowa Palla ft Northern
In July. 1903, extension
Des Mollies, 75 miles; completed Jan. 1909
Slock anthornorth from Iowa Falls, about 10 miles, was propos. d
Ixed, $i,2to,oi o. Bonds are subject to call at 10/v on and after July 1,
1906: they are limited t0$14,000 per mile, with +50.000 additional for
Des Molues terminals. Pres't, B. S. Kllsworth, Iowa Falls; Sec, J. H.
Funk; Tretis., H. II. Woods.- {V. 7-1, p. 1038; V. 70. p 158.)
Deo Moiucn liilou ICy.—Terminal roa-d In Des Moines; owns 4
miles main track and branches, 11 miles 2d and side tracks, bridge
across Des Moines River and 25 acres of land In Des Molni
statemeiitto N. Y. Stock Bxebange V. 65, P. 1173. Leased so Wabash
RR., Chicago Great Western, Chle Mil. A St P. Ry, Chicago Burlington AQuincy KK. and Keokuk
Western Ry. (C. B. A n Byatem).
The Des Moines Iowa Falls a Northern Ky. will, It was report!
use the terminals, v. 75, p. 342. Rental equal to expenses and fixed
oharges paid monthly by lessees on wheelage basis. Bills payable
June 30, 1902, $76,166. Earnings for year 1901-02, groBS, $209,765
net,848,38<>; charges, $48,389.— (V. 75, p. 342.)
1
1
l
i
'-i
1 ,
W
KK.—
A
j
11
<>
1
A
Detroit
Grand Haven A .Milwaukee
It).—Owns from De-
troit to Grand Haven, Mich., 199 miles. A reorganization of September, 1878. The principal and Interest on the bonds are guaranteed by
the Grand Trunk of Canada. Htoek, $1,500,000; par, $50. Real estate
bonds or mortgages, $226,000. On June 30, 1901. sundrv outstanding
urand Trunk of Canana owned Dec. 31, 1900,
aocoun
SO.
the $1,500,000 stock. \s to otler to bondholders In 1900, see V. 7
For year ending Deo. 31. 1902, gross. 81,151,361; ne;
charges, $361,208; bal., def., $81,608. For 1901, gross, tI.077.22o.
°e KK.
Detroit Grand Kapldn A; Wentern.— See Pi
I
Detroit Hillsdale
Sc
Southwestern
UK.—Owns from Ypsllanu,
Mich., to Bankers, Mich., 65 miles. Leased In perpetuity from July 1,
1881, to the Lake Shore & Michigan Southern Co.; the rental is $54,000
per year 4 per cent on stock.
—
Detroit Ma< -Ulnae A Marquette UU.—
rsCos.
Detroit dc ITIacklnae Ky.—Owns from Bay City, Midi., to Tower,
174 miles; Rose City Branch. 92 in PreSCOtt Branch, 12 til.; Valentine Lake Branch, 26 DO Lincoln Branch, 14 miles; various logging
branches, (largely temporary) 72 miles; total, 330 miles. K\north from Towerto Cheboygan Is to be complete,! aboit Dec. 1. 1903,
and to be continued to Mackinaw iu 1904; total. 23 miles. In July,
1903, brauch was under construction from Twining tl
Saginaw Bay In 1901 02 earned 942,092 tons. of whlcli forest products
furnished 72-45 percent.
;
*
190%
•
I
;
ui Jul]
19
I,
-ii;\hmm.s.11 uios., July
oros.
l
-
to
1902-3
Groat, 8871,187;
1901-2.. .Gross, 798,809;
ear ending June so, 1902, in
I
May 91.
Bepori for
i
i
s
net,
1
of
1.
UISTOBT, Sto.—Formed in December, 1894, to Ray City A Alpena, sold in roreolosure. In May, 1902, Hen
K. Meliar,- and aaSOOlatt I ai-uuired control.
Bonds. "Mortgage bonda" for $500,000 were p
incuts, etc., at not over $50,000 per year. V. 74. p. 629
idltion
mounts shown above as outstand
$50,000 ''mortgage" bonds were on June :>o. i;to3, held in the treasury,
eoi,,-The capital stock is si.OOO.oOO, of whirl
mon and 81.000,00
,901
;
V*.
Interest, 9109,500; miscellaneous, 430,104: baL, surplus
3,724. -(V. -:,, p. B49, 1027; Y. 76. p. 1248).
81
22
75,
t.i\.
•
-
fer
1
Detroit southern It It.— Operates rrom I)et rolt. M leli., to WellBton, o.. via Lima, 311 miles, with branohes, 121 -sallee, a total of 489
miles, including alioui 19 miles of trackage, and thus c
.
route from the bituminous ooal fields In Southern Ohio, in Aiu- 1902,
acquired the iron i;\
[ronton, 0..1
miles, Included
and built connecting
7.76, p. 1355.
>ko i\|/. v ion.— A consolidation of he OblO Southern RB atnlthe
Detroit A Lima Northern Ry. on June 1, 1901, aftei
plan V. 72, p, 488.— V. 72, p. 626, 722. 1094, 1080.
c Common authorised. 616,000,000: pre ferred -i p.& bob
cum., $10,000,000, both as mi eased July, 1909; outstanding ommoni
The new stool
810,487,000; preferred,
pint to build a bridge over the
md branch lines No :m.
..
i
I
I
<
I
i
i
-
>.
medlate issue is contemplated V. 76, p.
Yotim; Tki -i
until June
Botll OlaSSl
Ol
\otlng
(unless aurrendered earlier at their dlsoretion), In the
trustees: Frederlok J. Lisman, John B. Borne, Bvans H
Lawrence and Leopold Wallach.
Bonus.— The 84,500.000 10 year 4s are secured by a pa
money Lien on the Ohio southern By. (Lima to Wellston and in
In all 263 miles); upon their retirement, for wh
the ttfty year is are reserved, the latter will be a rirsi n
1
i
.
in the 50-year
all the oonaolidated properties,
00, to.-h of preferred and common stock,
gether witb served for extensions and Improvi
173,000 of
year 4s for Improvements on, and equipment notes of, the Ohio SouthSee statement, V.7S, p. 1287; V. 73. p. 1261: V.75,
RBFOBT.—Report for year ending June 30, 1902, was m Y. 75. p.
I
l
roas earnli
and ta\es. 8319,000; baL
72, p. 10S0; V.
Detroit
7.".,
p.
:
def..
990; 7 76.
906; net, S-'i
I."
8732204.
Directors October,
p. 972, 1192,
l
i
—
Toledo Shore Line
lilt.
K\tends from Toledo to
(suburbs of) Detroit. 51 miles, of whlcli 20 doub e tract; laid with
so-ii,. gteei rail. The urand Trunk Western By. and Tolei
a RB own the entire stock and jointly guarantee ihe bonda,
ial and Interest, by endorsement
See form of guaranty, 1 76.
A'
Oftt
re reserved for exten* <a> andim1086, 1253, 1354; Y. 76, p. 1900; v 7:
Dominion Atlantic It}. (Y. 71, p. 29, 84; V. 72. p. 36, 127:'.)
May. 1901, Bnd<
Dominion Boenrltles Co.—Organised
Jersey laws. Owns 90 per cent of the stock of the Cape B re
(V. 73.
>eroent of the stookoftbe North Ami
Lumber Pulp Co. (V. 74, p. 887, 991). eta See v
U89.
In June. 1902. a reorganisation oommittee.JsanMG.Cai
d
man (Metropolitan Trust Co., N Y., depositary), n
posits.
V. 74, p. 1251, 1309. Stock authorized, $3,000,000; par of
$100; outstanding, 91.681.800. oillce, 25 Broad s;
k.-(V.
p.
658.
anta
(V. ~
.
p.
—
m
I
A
,
.
71.
p.
111.)
1
Dubuque A Slou*
<
Owns
It)
BB.^M
Map
of Itlniom Central,—
Dubil(|Ue, Iowa, to lowa Kails, 143 mile-; low a
City, 184 mi
iter to Cedar Rap
to Sioux Falls, Dakota. 155 miles; Cedar Falls to
(merged by consolidation in 1996), 76 miles; Tara SI
Dodge, la., to Council Binds, 130 miles; total owned,
'ontrolled since April, 1HS7.
which owns all except a few hundred Bhai
I
i
lowa,
.
KK..
- road;
June, 1900) and has Issued Its
uinds held by the publio are the 7s issued
the on]
lowa F
r Cit\ mortgage, $2,800,000.
lnvii
-1895, Deo., 1; '96, 3; '97, 2; '983%; *6
1900, 3; 1901, 14; 1902, Jan. ltf. l.-(Y. 70. p.
Duliith A Iron RaSfS UK.—Owns Oiliith to Kly. Minn., 1 19
lthbranch) - to M
Owns
'.oOO.
ore docks and yards on
(as increased
;
I
I
parBlOO. Land grant from Minnesota
201.790 acres had
a'
.
$3,500,000 of the $4,500,000 2d
Tlie first mort. bonds are authorized
construction
tre«;at«
d 100
<«'
.
INVESTORS' SUPPLEMENT.
51
RAILROADS.
INTEREST OR DIVIDENDS.
„ _ Q
Data Size, or
Amount Kate Per When Where Payable, and by
of
Par
Outstanding
Cent.
Payable
Whom.
Road. Bonds Value.
.,.,
&o., see notes
Eastern Kentucky Ry — Stock ($1,779,500 Is prof.)
Eastern Ky o/ 3/iniiM'/iu-8te (JREAT NoRTHhits.
Mlgm Jotul <£ Eastern— lut M. ($10,000,000) g.Cc.eKlmira Cortland <£ Northern— See LEHIOH V.U.LKY
Klmiruit Lut:e (hit. — Sodus Bay A 8o.— lstM.,S I n
Kltnirn <t WiUiameport— St'k,com.,5p. o. ren'l. N.C.
Preferred stock. 7 p. c. rental, 999 yrs.,No. Cent.
$100
Uric J
New r«r*
tok,
7
p. 0.
A—
c.
8,500,000
5
g.
M.
A
N.
100
75 »a
75i«
1884
1,000
5
g.
J.
N. Y., Nat.
N.
Phlla.,
1,000
A
A
A
A
A
J.
1860
1863
1902
1890
1.000
500,000
500,000
500,000
963,000
570,000
250,000
2,000,000
4.2H7.000
112,378,900
16,000,000
RR
....
20
85
$250.000. Ta...
rental.999 yrs..PennCo.
General mort. (now 1st) $4,500,000, g., guar.Un
Erie Httilronil Cotnpnny -Common stock.
2d prel. .-tock. 4 p. c. non-cum
1st pref. stock, 4 p.
1,000
75»s
1st M..
Bfi
non-cum
$ A *. K.c"
West, funded coupon bonds, gold.o*
Brie, lei M. (Butlalo to Corning. .0*
Buff. A Southw., 1st M., Hull to Jamestown, g.O*
Newburg A N. Y. 1st M.. g , extended In 1889.0*
If— Kolld* ON PBOPKBTIKI CoNTKOLI.Kl) BY
•Bergen Co. UK., 1st BfL.Ruth. Jo. to Kldgew. N.J.
•Ch.AKne 1st M.,g.(Mariou.<>..to Ham'd.IudCe.o*
526
526
140
67
12
Owne
10
250
A Atlantic Terminal,
1st mort., g.Ce..
jElmira State Line Hailroad, 1st mortgage
fGosb. A Deck't'n, 1st A 2d M's., ($60,000 are 2d)
Lgo
500
"""50
Aw
1st consul, mort., $:H).000,000, gold.
A
*
50
50
....
....
100
100
100
Ml K-ROAD8 CONSOI.IDV TED.
Old Hond447
N.Y. &E. 1st tCPlerUL toI>un.,ext.,'97, golcL.O"
417
c*
2d moitglkg<e, (extended In 1879) gold
447
o*
(tended in 1883) gold
3d mo
(extended in 1880) gold
c 475
4th mortgage,
475
c*
5th mortgage (extended m lsssi.gold
60
Erie K'v.lst M.. Bun". Br.. Hornellsv. to Attlca.g.c"
N. Y. L. K.
Bufl. N. Y.
Stock*— Last
Dividend.
$3,447,300
1891
1S1
mortgage
Income bonds. 99 rears to run
Central
Bonds— .Principal, WTien Due.
of
1st
J-
.
Miles
.
tor explanation of column headings,
on first page of tables.
Erie
fVou LXXVII.
1847
1849
1853
1857
1858
1861
1870
1878
1876
1877
1868
KSHIP
1881
1890
1888
1875
1,000
500 Ac.
Ac.
1.000
OF Enti
1,000
1,000
1,000
500 Ac.
;
Ac—
Qmiil
&
O.
Broad
1
1941
1924
May, 1903
July, 1903
Jan. 1 1910
Oct. 1 2862
May 1 1923
Sta.
St.
1,
July 1
do
do
do
,
.
N. Omoe. Cortland, N. Y
q.-M N. Y., Union Trust Co. J'ne 10 *03,l«j
do
do
July 1 1940
J. A J.
M.
g.
g.
New York.
F. "A A.
I
•68'69
;
A.
Bank Com.
do
do
do
J.
J.
I
1,000
A
J.
31nl902
200 Ac.
Earnings.— For year ending Juno 30. 1902. gross. $5,934,868; net
1,634; other income, 944,168; total deductions, $1,-110,398;
dividends, $1,800,000; balance, surplus, $813,404 —(V. 67, p. 71.)
Dill ii Hi .HIwhuIm- <V Northern Ky.— Owns from Duluth to Mountain Iron, Minn., 77 miles; branches and spurs, 76 miles; trackage to
Union Depot, Duluth, 2 miles; total. 155 miles. Entire $2,512,500
stock and $2,305,000 of the bonds are owned by Luke Superior Consolidated Iron Mines, and so by United States Steel Corporation with
$1.D. 0,000,000 of capital stock. -V. 72, p. 1038.
Eakmm.s— i'oi- year ending June 30.1902, gross, $3,755,416; net,
$1,202,954; other income, $104,602; charges, $762,630; bal.. surplus,
$544,926.- (V. 72, p. 183; V. 74, p. 205; V. 76, p. 212.)
Duluth South Shore Atlantic Ry.— Operates Duluth to Sault
Bte. Marie, 415 miles; "Soo" Junction to St. Ignace, 43 m.; other, 116
m.; total, 574 miles. Controlled by Canadian Pacitlo.
Capital Stock.—Common stock is $12,000,000 preferred, $10,000.0O0 par both $100. Preferred stock is 6 per cent, non-cum. Canadian
Pacific Julyl, 1902, owned $6, 100.000 com. and $5,100,000 pref. stock,
$3,000,000 incomes and $15,107,000 consols.
Bonds,
Abstracter*/ mortgage, V. 45, p. 274.
The first consolidated mortgage or 1890 has Interest at 4 per oent.
guaranteed by Canadian Pacific which July 1, 1902, held the entire
outstanding issue ($15,107,000] In its treasury as security for its 4 p. o.
debenture Stock; consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
Finances.— Of the tonnage in 1901-02, ores furnished 47 p.
c lumber, etc., 28 p. c.
Latest Earn's— 11 mos., > 1902-3.. .Gross, $2,499,041; net, $901,036
July 1 to May 31.
M901-2. Gross, 2,437,144; net, 895.293
Deficit under charges, $54,487 In 1903, agst, sur., $20,987 in 1902.
Report.— Fiscal year now ends June 30. (Report for year ending
June 30, 1902, In V. 75. p. 729 )
Grots.
Net oeer luxes. Oth. inc.
Interest
Balance.
fear.
3^
M.
J.
2,482,000
4 g. M. A N.
2,149,000
5 g. M. A 8.
4,617,000
4 »ug. M. A 8.
2,926,000
5 g. A. A O.
709,500
4 g. J. A D.
182,600
4 g. J. A J.
16,891,000
7 g. M. A 8.
3,699,500
7 g. M. A 8.
2,380,000
J. A D.
7
1,500,000
6 g. J. A J.
250,000
5 g. J. A J.
IE (*)OR A M AJORITT (J)ofCa
200,000
A. A O.
6
12,000,000
5 g. M. A N.
300,000
5 g. J. A J.
160,000
A. A O.
7
246.500
Various
6
1,000
1.000
1,000
1.000
500 Ac.
50
5
7
6
5
5
7
May
N. Y., 71 Broadway.
Feb.28,'03,l»«
N. Y., 21 Cortlandt 8t.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
pital Stock, oh bt
N. Y., 21 Cortlandt
do
do
do
do
May
1,
Sept. 1,
Moh.
1,
Oct. 1,
June 1,
July 1,
8ept. 1,
Sept. 1,
June 1,
July 1,
Jan. 1,
(fl)
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
Lease.
1911
1982
1918
Elmlra.ChemnngCo.Bk Oct.
1905
1928- 29
St.
Apr.
1,
May
1,
July
1,
1,
Atlantic Coast Line and Southern Ry. V. 77, p. 146. Bonds were $1,000,000 llrst gold 5s, $166,480 funded coupon scrip and $277,000
second
8s.
Earnings.—Net earnings
for year ending
June
807; In 1900-01, $22,042.— (V. 76, p. 1300; V. 77,
East Tennessee Virginia
Ea*l
'iviiiii-«»r«'
a
dc
Wi'«tiTii
30, 1902,
were $25,-
p. 146.)
tJeorjjia.—8ee Soither.v Ry. Co.
North Carolina KR..— A
nar-
row-gauge road from Johuson City, Tenn., to Cranberry, N.C., 34 miles,
including 3 miles leased, stock June 30, 1900, $501,900. Extension
to Lincolnton, N. C. about 75 miles, projects '. For year 1901-2, gross,
$95,V!16; net, $37,470; int., taxes, etc., $13,925.
HiixiiT ii Kentucky Ky.— Road from Riverton to Webbvllle, Ky.,
Chartered in 1866 and opened through in 1889. Stock is
common $1,697,800; preferred $1,779,500. There are na bonds. Bills
and accounts payable June 30, 1902. f26,688. Earns, for year 1901-2
gross, $56,78y; net, $9,381. In 1900-1. gross, $52,241; net.$6,615.
36 miles.
Eel River RR.—See Logansport A Toledo Ry.
Kluln Jo lift dc Eastern Ry.— Owns from Waukegan, 111., on
Lake Michigan, via Spaulding and Joliet, to Porter, IncL, 130 miles,
and branches Normantown to Aurora, 10 miles — Walker to Cos-
ter. 111.— 32 miles; Hammond to Whiting, Ind., etc., 9 miles; total
main line owned, 18 miles; spurs to coal mines, etc., 16 miles;
trackage (L. N. A. A Chicago. 94); Chioago A West Indiana, 48; Belt
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 93 miles,
total track operated, 320 miles.
1
,
$873,742
19012.. $2,690,569
$6,2*5
$859,700
$20,327
sur.
740,430
5,900
860,023 def. 113,69a
W. F. Fitch, Marquette, Mich.-(V. 75, p. 720, 1202.)
Dili u h Virginia A Kalny Lake Ky.— Projected from Virginia,
Minn., northerly to Koochiching, 97 miles, with branches, of which 20
1900-1
2.484,211
.
-ident.
i
stock authorized, $2.0o0.ooo.
miles completed In July, li)o2.
In
March, 1902, filed a mortgage to the Minnesota Loan & Trust Co. of
Minneapolis as trustee, to secure $2,ooo.< oo nonds, of which $1,500,000 are Issuable at 915,000 per mile of single track and remainder for
President, Wirt H. Cook; Secretary, Frank W.
rolling stock, etc.
HehnTok,— (Y. 74, p. 679, 986.)
Dunkirk Allegheny Valley A I'lithliurs.-Owiis from Dun
kirk, N. Y.. to Titusville. Pa., 91 miles.
A consolidation in 1872.
Operated since Oct. 1, 1901, by the Lake Shore & Mich. So. Ry. for
account of New York Central, to which leased for 500 years from
1873 at 14 p. c. on stock. Capital stock, $1,300,000, N. Y. Central A
Hudson River Oo. owning $1,067,600; par, $100. For year eudlng
Jane 30, 1902, gross, $295,780 net, after deducting taxes ($16,727),
79.860-, oharges and dividends, the latter, $19,500 (1 4 p. c), paid by
N. Y. Central -(V. 70. p 12!»0.i
Ea*t Itroad Top It It. A Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woo.lvalc, Pa., 81 miles, Shade (lap KR., 11 miles,
and branches to mines. M miles. The Shade Gap KR. was to vote Aug.
See V. 75, p. 77. a coal road, opened in
16. 1903, "ii consolidation
-tock $815,589 (par 850). of woloh (247,189 is <; p. c. pref.;
;
t
liabilities June 80, 1902, $365,808.
First mortgage 44
i, 19(18, remain unpaid; no Interest paid thereon since
ooo) due Jui\
Int., tf p. c, payable M.N. Tear 1901-02,
Other bond
noes, $104,390: net, $19,«»89; Interest, etc.. $24,78 1
bal., deficit,
-
;
67,
p.
177;
.
7.-.,
p.
77; V. 77, p. 145).
Raat Louisiana RB.—Pearl
River, La., to Covington, 24 miles
branch, Mandevllle Jot. to Mandevllle, 12 miles; total, :u> miles. In
Jan., 1901, control was changed.
V. 73, p. 87. 'stock. $1,000,000;
Issued. $H40,300; par, $100, Year to June :io, 1901, cross, $77,6-19;
lilt, and laves, $9,948; lull., def., $5,862.
I'resj lent.
I\ B. ll.ivne, New Orleans, La.; Treas., C. K. Mulllngs. Coyington, La.
-(V. 78,
p. -7).
Baal IHakanoy
— owns
from
Easl Dfahanoy Juno.
it.
leased Dec. l. 1896. for '.»'.!!>
Nicholas and branches, 11 miles,
Little Sohuylkill Nav. KR. and Coal Oo. at
per cent on stock,
dgned to Phil, A R. Ky. or the -tock $288,650 la owned,
00 being deposited by Reading Oo under its genera] morl
it is.
.">
Kant IN- mm) vanla It 11.— Owns Raiding, Pa., to A lien town, Pa.35 miles; second track 18 miles; all traok 78 miles. Leased for 999
from Ha] 1, 1869, to the Philadelphia A Reading RR. at a tenl
1.per oent per annum on the stock and mt< real on the bondsumed In 1898 bi the Phils A Beading Railway Oo ofii
owned bj the Reading Company, $875,000 of whlob is deposited under its genera] mortgage of 1897.
Bnsl shore Terminal Oo,*a it it.— Ki ui. Owned terminal road
In Charleston, B. C.,3 miles doii hie trick laid with 60 pound
iuses, about
Company also owned ii wb
land, 4 cotton compresses, etc., on the olty'a water front, these being
icd by its own mad with the other railroads entering the city.
Purchased la foreclosure on Jul] 14, 1903, by representing cs
the
I
-
•
.
,
t
Organization.— An outer belt line at Chicago for transfer of freight
without breaking bulk. Also reaches coal fields. Entire capital stock
Steel Co. and so by United States Steel Corporation.
owned by Federal
Stock.— Stock. $6,000,000, par, $100. Dividend, 4 p. o. yearly (in
December) in 1899 to 1902, lnoluslve.
Bonds, Etc.— First mortgage balanoe unissued can be disposed of
for extensions, betterments, etc
Report- For year ending June 30 earnings were
Surplus.
Gross.
Net.
Oth. xncome. Int. on bonds
Tear.
$404. S44
1901-2... $2,178,484 $796,800
$19,225
$410,481
:
1900-1... 2,022,019
750,313
19,495
392,600
377,208
President, A. F. Banks.— <V. 74, p. 151, 205; V. 75, p. 1399.)
Elmlra Cortland Sc Northern Ry.— (See Hap Lehigh Valley.)—
Owns Elmlra, N. Y., to Cauastota, N. Y., 118 miles, and leases during
corporate existence, Canastota Northern, Canastota to Camden, N. Y.,
21 miles. In 1896, the $2,000,000 stook was purohased and 5 per
oent bonds guaranteed by the Lehigh Valley. (V. 63, p. 402.)
Elmlra Ac Lake Ontario RR.—Owns 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 Bay
;
;
southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stook. Lease may
be terminated on thirty days' notioe. Year ends Deo. 31.
A-
Earnings.
1902
1901
Elmlra
Gross.
A:
Balance.
Intrrest.dkc.
Net.
$8*,7!»0
$828,244
785,886
$68,089
72,715
31,607
Wllllam*port Ky.—Owns from
sur. $20,701
Oef. 41,108
Wllllaiusport, Pa., to
Klmira, N. Y., 75»s miles. Leased to the Northern Central Railway
999 years from May 1, 1863. The dividends on the common stock
are 5 p. c. and on the preferred 7 p. c, less taxes, making dividend on
common 4*60 per oent and on preferred 6*80 per oent. Year ending
1..">:;;•;
net, 9849,277; rental $168,340.
1, 1902, gross, $1,28
for
El Paao
A:
northeastern
UK,- see Nkw
Central IfOW Vork
An at us, '20 miles;
Brlfl
MkxicoRv.
A
Coal.
N. Y., to Clncinin Stay. 1902, to the
J'J. L902.
V. 74, p.
It It. - Cortlandt.
completed Hay, 1898
Buooessor
railway company, sold In foreclosure on March
1139 Stook, $250,000; par o' shares, $100, Bonds,
For year ending June 80, 1902, Including 9 months
p31,362: def. under oper azp., $7,761; interest
Prea win. w. Montgomery, New York. -(74, p. 727,
see tables
of obi
company,
oharges not paid.
1189, 1195.)
I.rio
Pittsburg Kit.— Ou ns New a-<tlc, l'a. to t; Irani. Pa., 81
miles; branch, to Krie Docks, ;) miles; trackage, to Brie, 17 mlltvs; total
101 miles. Leased to the Pennsylvania Railroad for 999
operated,
yean from March 1. 187*0, at a rental of 7 per cent on stook and
on the bonds, and the lease transferred to the Pennsylvania
pany. Tax suit, see V. 71 p. 185,
&
<
,
s..s— The lease was unprofitable
the deficiency being la 1l
1900, profit, $118,216; in
•864,1 12. (V. 71, i>. 135.)
1901,
former years,
profit, $32,873; tn
•307,498; In 1902, profit,
to the lessees In
proilt,
Brie llnllroad.— See. Mup on adjoinnnj
/xij/e.— Embraoes trunk
Jersey City, Opposite [few York City, l> Chicago, 111., 998
branches USSOmlles; total, 2,31a' muei; second traok, 703
miles; 3d and itn tracks. 24 miles; total, 3,015 miles. The total .of
2,318 miles comprises:
Line
iroui
nd
July,
STOCKS AND BONDS.
KAII.KOAJ)
1903.1
INI)
kaij.koai>m.
page of
ttrst
of
Bond!
Value.
JSrie
ilMli SHIP
•Jeffers'n.lstA^d M's., ex.ln'874V89(H'dale Hr.ic
1st mort., Carboi
lepot. gold .fp.o*
....
....
52
>
N. Y., 1st
(reorganisation)... 0*
If.
10O
1,000
ISsM
1.0OO
1SS0 500, Ao
,
422
,
,l,i-.
i
....
1901
....
'Ir'ii
at
100
New
Brie Kit. equlnm't trust, gold, pari yearly.
Avon Goneaoo 1 Mi Morris and Roobeal
A No. Arkansas KK.
Mco 8pring$ Boo Bt,
1903
....
....
T.H
lti<!i<iit«f»>lis
<f
A
Evansvllle
l
Preferred took,
mm
gold
gold.F
o*
Ml. Vernon Rranch mortgage, kohl
Buffalo to Jamestown, N. Y
Buttalo to Oornlng, N. Y
Other branches
Block all
'
or nearly all
Brie KK
•Jefferson RK
IN. Y. A Greenwood L.
•Cbloago
',
Avon
Montgomery A
i
1,000
1,000
1,000
1,000
1,000
l.OOO
Morris
1115
'
u>
1126
Koch.
A-
(ienesee Valley
Other lines
Leased
B
RR... H52
(Tleve.
New Jersey A New York RR. H38
A Wyoming Valley RK.. 59
H12
H18
46
to
Xypano RR.
A Mahoning Valley RR.
1181
1132
Sharon Railway
Other lines
54
1 67
Tracka <ir
ITloga
U Set. this company.
Lines In system June 3<V02 .2,318
Other lines
N. Y. Susquehanna A Weat.. 238
History.— On Deo. 1, 1895, succeeded to the property of the old New
York Lake Erie A Weate in KK. Company, sold in foreclosure on Nov.
6 under lte second consolidated mortgage. The new company holds in
fee or through ownership of all or practically all the stock of the Independent companies, the line from New York to QblOOgO (Includliik' the
Nypano KK and Chicago A Erie companies) and also all luanch and
subsidiary lines except a few small properties. Tbe reorganisation
plan of is95 was In V. 81, p. 868.
In January, 1898, control of the N. Y. Susquehanna A Western was
obtained. V 66, p. 83, 335. 573, and editorial p. 53. See Stock bolon
In Jan., 1901, entire stock of Pennsylvania Coal Co. was acquired,
the pnrobase Including yalnable coal mines. Brie A Wyoming Valley
Erie
RR
RR
•Nyimno
«
498
58
1 40
.
miles. See Bonds below. V 71, p.
Rli.,S<'ranton,Pa., to Lacka'.va\cn
1219,1311: V. 72, p. 44.186, 241,582. 627; V. 73. p. 398. In 1901 an
Interest In the stock of the Lehigh V. KK. was purchased. V. 73, p. 3'.»1.
Coal and Stkamhoat I'hoi-kktv.— The brie coal properties represent an aggregate of 10.5(H) acres of anthracite, of which about
9,000 acres are held In fee; also 53,000 acres of bituminous coal
lands held In fee 14,000 acres of bituminous held under mineral
lights. Its coal tonnage In the year 1901 -O'J aggregated 12,411,078.
out of the 27,697,158 ions hauled. The In Ion Steamboat I.I ne (merged
In Erie KK CO June 80, 1886). has terminal, etc., propertu-- in
Huttalo and 8 lake steamers. See V. 63, p. 514. Thei'e/oi. coal properties acquired In 1901 are additional.
Bee above.
Stock.— The stork Is to beheld by J. Plerpont Morgan, Louis FltzCharles Tennant. Hart., voting trustees, for tlve years, and
Seralrtnnd
lereafter until the new ttrst preferred stock shall have received 4 per
The new company reserves Hie
oent cash dividend In one year.
light to redeem either class of its preferred stock at par In cash. Provisions of voting trust and preferred stock certificate were given in
r>'.i
.
St'iii.i mi
m
oi
April, lsiiT,
page
Bonds.— The new
l'.'O'J,
8 p.
c.
(F.
A
A);
111
1
^
1908, Feb.,
1
1st pref..
p. c.
>_•
P
was
ft
consolidated mortgage Is for 81751000,000
[Farmers' Loan A Trust Co. trustee]—see «»>»! ract of deed V.i'.J, p, 89,
and secures 885,000,000 prior lien and 81 40,000,000 general Uen bonds.
Of the 9140,000,000 ijimrtii (it 11 bonds, 892,078,000 aroroserred for
tbe ultimate acquisition of bonds and guaranteed Stocks Lofl niilisturbed on various parts of the system [see list V. 88, p. B9], and f 17,000,000 were reserved for new construction, betterments, additions,
guarded restrictions, n.it over
etc., after 1897, under carefully
$1,000,000 to be used in any one
The position of the first consolidated mortgage is substantially as
follows: It is a rlrst lien [mortgage or collateral, the prior lien bonds,
ho\\c\er. preceding the general Uen bonds upon the company's chief
coal properties (except Penn. Coal OO.) upon its water transportation lines, including valuable terminal properties appurtenant thereto,
ttrst
of profitable local lines in New Jersey and near
a second lun upon certain minor coal proper!
railroads leading to all the coal properties, upon the terminals at Jersey city, upon the Buffalo New York A. Brie Railroad
(the main line to Buffalo) and the Buffalo terminal properties other
than those upon which it is tlrst lien, and upon the entire line from
Salamanca to (Chicago; It Is a second consolidated ynoriuayc upon
the lines between Plermonl and Dunkirk i4t. ml
The collateral trust «s ol 1901 are secured by .'>i pet cent of the
o total
entire New n oik Busquehanna A Western stock
Issue), all of
k. and thi
the Pennsylvania Ooa]
of the Erie A Wyoming Valfej KK Boranton,
kawaxen.65
miles, and the Delaware Vallej a Kingston kk. of the bonds
000,000 were issued to acquire these
i-entlng the N ^
.«usq. A \Vest< rn, alread] owned), the remaining 84,000.000 being reaerved for Improvements to tbe propertJi
ted by the stocks
acquired. A sinknik' tiind Ol 10 cents per ton Of coal sold purchases
bonds at not exeeediiik' 105, otherwise to be applied to the drawing
ol bonds by lot, all suck, bonds to be kept alii a and the accrulna Interest thereon to be added to the sinknik' Hind, which, it wa
will be sufficient to retire the w hole Issue at or before maturity.
V,
7. In 1901-9
71, p. 1219. 1311; V.72.p. 44. and circular, p
9222,000 of the amount shown above as outstanding was purchased
by the sinking fund
and upon a number
Buffalo;
6
6
tK)
IOO
183
it Is
Upon the
-
.
1
l,
1,
]
1918
11*35
Jan.
Jan.
do
do
1.
Feb.
Ht.
1.
l.
Apr. 1.
Yearly
h>t
I
lDIO
I
rly.
A
8.
J.
A
.1
do
g.
I
a-
.1
do
milu'01
51ul902
*i
6
A.
A
A
.1
A.
N.Y., farm.
July
I,
Jan.
1,
1926
'01, lis
l.
Ai-r.15
do
July
July
1,
1910
1921
do
Apr.
1.
1923
d
1..
do
do
I
1900
1.
do
do
Cheeks mailed.
J.
I
if.
A
ATr.Co.
May
N.
O.
J.
g.
g.
6
M.&
N. Y.,Parm. L.
1.
ThO convertible -is of 1903 (f50.000.000 authorized ISSUO) will be
Issued from time to time m required and maj be made convertible
M
common stock at a price to
lived u hen lie bond a are iss
not less than * 1 '"s per share; they will OOTOr all the compan) to underlying liens "The ttr-i Issue ol
006 for
Improvements and equipment Is convertible on the h
bonds for 8200 stock after April 1. 1905, and before
1. 191
7t;. p :is-\ 841.
Keai estate mertgagoa outstanding June
.325.
inn Bonds Under the iirst oonsoL mortgage ol l-'.* the company
ooveiunts to pay the Interest regularly on all the obi bonds in the
table til*' are marked With a * OI a t (OXOOPt N. J. A N. Y. bonds,)
and to take them up ami pledge them with the trustee at maturity.
Loin/ lh,rk lis see March, ls'.l I. BVPPI
Under N. Y. I.. B, A W.
For N. 1\ Lake Erie <t W. Ooal dt RR.. see 80F. January. 1 S95.
Fixko OB \k<;i s.— The fixed oharges of the System w. re reduced by
the reorganization from $9,400,000 to $7,800,000 per annum.
FlNANCKS— In 1901-02 $2,931,000 general Hen bonds were Issued for
construction, etc. V. 71 p, 7."> 1, 1919
The tlr-t dividend on llrst pr^
ferred wtis declared In July, 1901. B
nd V. 73. i>. 137.
In Mar. 1903, stockholders
the rlk'ht to subscribe pro
rata at 87 « and interest to .*10,o0o.uoo convertible 4 per cent bonds.
Issued for improvements and equipment, pajineut to DO made
l. 1908.
V. 76, p. 889,541.
Kakmnoh.-II ni08.,> 1902-3.. Gross, $41,43C.1M
net, 818,2
July 1 to May 81.
{1901-2. Gross. 87,646,465; net, 1 1,S 67,078
ForUmos. to Mar. 81, 1803, net, 910,278.423; other income
479; charges, $7,904,405, attst. $7,843,635 in 1901 J; sur., *'^,« 18,497.
\i. Kki-ort.— Fiscal year ends June 30. Report for 1901-2 trlven
in full in V. 75, p. 848, 869 see also editorial on pace .vJU. A\erace
Crotghl train load, 399'7t! tous. against 400*39 In 1900-01.
1900-1.
19012.
1899-0.
1898-9.
Miles operated
2,316
2.272
2.971
Qroea earnings
940,894, 134 889,102,302 $38,293,031 $33,752,704
Working expenses.. 28. 176.600 28.406.974 28,44" .605 '.!".. 1C9.926
Net amines... .$12,717,834 $10,695,32* $9,844,426 $t(,58'J,778
N.t ooal OOmp'S.. x*1.70J,I9lx$l,274,830
$236,642
$298,479
Into
1
1
.1 iv sin. tci
Apm
>
MUM
1
,
.'
I
I
;
-
;
.
Other Income
242.721
Total net Inc.. $14,663,042
Inter.
221.247
$li!. 191,405
87,541,730
1,189,488
223,409
,891
Rentals
1,119,168
P.O. due l's'd lines.
Int. on equip, tr's
..
Miscellaneous
083
Total oharges...
183,466
2 5P,( >97
910,264,5*4 rM. 140,354
96,981,628 $6,^42.679
1,158,387
1,093,53*
23:r
174.777
20,475
H.101
$1,683,430
i
r<.. .:t.7:>;>
r
-;.5.
ending
Jnlrl,
In 1M1-04
,n coal
-.
I'.hiI.
come from the Utter iiro|..
cedlns reart tnoome In each case;
the Inthe earlier Tear* the pre-
U
•
nded.
•
—
i
f..r
i>r<>ni -
Including Pennsylrania Ooa
ks President. F. I). Underw
I:
Daniel Wlllard; Sec. and Asst. to President,
lea,
i
>5
r
the profits of the Pennsylvania Ooal Co. for 6>« months
mill ..f the other coal properties for the t«.. j ears from
line 80, lJXil. The DOITSSpOl dlllH Item un.ler is.w on eii.l.r,,. .•«
x Hi-i-n— .nt
.line SO,
355,081:
r
4'J.. -:»'2
194.027
aoe, surplus..
$4,384,677 $2,823,157
09 1st pf
(3)81,436,772 (l'-j. 71-
'
Dividkndr.— First aenil-anuual dividend on
15*10
July
New York A London.
A A
1H4B
1.
May
OortlaadtBt
N. v.. 81
1.
July
Mar.
N. Y.. 81 Cortlaudi
c
861,000
i
paid Aug. 30, 1901; In
B.
J.
J.
J.
:i.
In Mar., 1898, Erie 1st prei. stock was moreased from $30,000,000 to
«43,000,000. -nd common stock from $100.000000 to *1 13.0O0, 000. to
acquire New York Misc|. A Western stock
Be* V 66, p. 335, 573. The
1st prei. stock was further Increased In 1901 $"'.000,000 in connection
with the purchase of the Pennsylvania Coal Co. V. 72, p. 136, 588.
do
v., 81 OorUai
do
do
do
do
M.
000
3,000,000
375.000
Mtln
May
May
(U
do
do
.1
1,
ortli
<
oe.
1,282,417
1880
1881
1883
Goshen A Deokertowu
oinnil.
&5g.
m
oka—Baa
A
A
A
21
,V <).
do
Various N. Y., 21 Cortlandt
Various
London.
Various
York.
g.
lley 8t<>
Brie
J.
J.
J.
F.
A.
g.
5
5,4
Northern KK. of N.J
A
'
F.o*
M A
g.
g.
g.
g.
4
5
1879
1884
1886
Ivnea.
(Jen. A Mt.
67
140
139
4
4
120
190O-2
Leased
Milet.
Lines otcned in fee.
Plermout, N. Y., to Dunkirk. ...447
5
4
1,10%, 204
BOO text
ciimnlative.
'on mo i. mortgage (lal Uen)
let ooiihoI Ida ted mortgage,
l.OOO.OOO
85.000.000
35,885,000
83.000.000
50
50
,
Coii.M.t$2.500.000>g.gii.p..*l.<cnd..l...\ .H.FC
iium stock, $4,000,000
gratis, dt Terrr Huutc-C
c
1,104
I,
Oct.
i
115
144
25
Indianapolis 1st M., gold, guar. F.O'
Jan.
Y.,
5 g. M. A N.
6
5
A
6 our. M A N. N.
6
J. i
1..SOO.OOO
40
55
135
Soul!.
.\
c
g.
Various N.
170,500
*U00
Genes see Va
U
AvatiirrtlU
6
C) OF CaJ-i TAI. "
6 J. A J. Phlla
1,000
.
.
N.'i
B
ll>,000,(»00
1890
'
,
1.0OO
1,000
1.00O
l.OOOAc
1895
67
mort. on Buffalo .v Bouthweat'n, gold.
Prior Uen h
la. $35,000,000, gold..
P. 0**1
Gen. Men, 1140,000,000, g. 8
bo J nlj
'I
Pa. coll. tr.M., $38,000,000, g., a f.. tex
New mort 100,000,000, g oonv.tnto eom.atk.li
n.y.i. i: i w oar t..i; to Q ln< .pari !"'
MAJ OBITT
4 Hi A
A
:
Pa;
H.000,000
4H»g.
KK. and Mha ron By,
RK. — 8ee i-ach 8 ompany.
v.Mah.
y — Tlo kr a
Railroad OompAai Ni« Bohdo.
Ho
Ac
lss'J
K 0'
•N. Y. L. B.&W.D.A LOO. li» M
.old, $ A S. P.0*
*N. Y. Pa. & Ohio, prior llei.
Do. Reused lines nee separate statements for
H N. Y. Busquebanna A Western— Northern Meu
<— Krie
MM.
l*sO 500 Ac.
l-'.lj
500 Ac.
34
(red. 10.% ttfter B years)...*
K. 1 HtM. ."law ful moii. ".Upo'
2<1
I
Cent,
1,000
1,000
'ee-'e:
i~ •'•
Gon.lL, $1,200,000
N.Y.L.K.A-W.C.a- K
I'
<
1889
1885
37
"Long Dock Oo
HMout. A Krt.', 1st 9 3d morts. ($40,500 an- 2ds)
VH.T.AOreeaiv L.. Prior lien M. ,$1,500,
N.g.
[New Jersey &
-
Par
la
Railroad {Cimrt niled) —
l<— Itondx OH Pliol'KKl M * OOMTBOLLI
.*•
Da:,
of
on
Miles
3
lot
I
i.'A.
V
P.
and G«
Richardson;
I
I
:
Aud., M. P. Ulauvelt.
toks.— ('has. Steele. J. J. Goodwin, John U. McCnllongh,
Mills, Alexander B. Orr. F. I)
Underwood, Samuel 8
Francis Lynda Btetson, Bben B. Thomas, J. Lowbor Welsh, J. J. Hill.
Norman R. Ream. Robert Baoon, II MoBL Twombly.—(V 76. p. 899,
441. 846. 8'»9, 10S6; V. 76, p
\un«\llle A Indlanapolln lilt.—Owns Evansvllle to Terra
I
Haute. Ind. (via Worth In gton), 134in.; leases branch, 12 m.
History, Etc.— A consolidation In 18*5. Of the
'.18.000
held to meet prior liens. The oonsols. and the bond- of 1924 are guarl'erre Haute, which owns capital stock, $2,000,000.
anteed
\V. 1'latten;
Diki
i
Company owns no equipment,
si BaBMIHOO— 19 moo., I 1902-3
July i t<i Jane 30.
9
In 1901 02.
1,461; net. -155,570; bal., deficit for
I uin.illli' A Torre Haute Kit.—
Li
i
(in-
I
I
I
.
Road owned and operti
Oontm
Kvaiisville to Terre Haute..
Branohea
to Mt.
...980)
-
106
Vernon,
etc
Evansvllle Belt (stock heldi
via Wort
Itock
Total in earnings
With
162
villi
'
EdwinS Hooley and
u
'
(
control and dividend on comin. mi
stmk
Illinois
:alned
ll
V. 74. p
pass<-d.
Dtv'Ds—
V87-'90 '91 "98 "98 ".14 *95 '96 '97 '98 '99 '00 '01
Com. stock. Joy'rly 7 7*; 7^:
8% 3 m»
1
1
2 4>s
5 5
Prof, stock
>
"> per cent In bonds.
Also scrip dividend.
.
'02
....
5
',
preferred 5 p « declared In 1902. paid 2»« p c Oct
and 2^) p. c. April 15, 1903. Serti -annual diTidend on commoi
1801, was passed. V. 74, p 880.727,7
On
,
1902,
36
INVESTORS' SUPPLEMENT.
[Vol.
LXXVII.
I
July,
RAILROAD STOCKS AND BOND&
1903.]
RAILROAD-
Mllea
Date
of
Par
I
Size, or
of
For explanation of column headings, &c, see notes
on first page of tables.
.%7
Alu mut
,
,.'
.
..„,,.„,
—
Evatixv.it T. II. (Con.) Sullivan Co. Coalbr.M.,g.Fo
1st general mortgage for $7,00O,0OO, gold F.o'
i>0,000 1b 7 per cent, pi
Fall Broitl.
Filchburg— Pref. 5 per cent rente!
Bonds, not mort, 8900,000, 1903,
b
Bonds to State or Mass. 4 p.o. since Peb
BondH ($1,500,000 duo 1907, In
BondH, not mortgage
Bon
Bonds,
BondH,
Bond*,
Bonds,
Bonds,
0"
notmortgagi
...o"
not inc
not in..
not
not
750,000 are 4s
M
mo
Troy A Boston
l
Bl
mort. (V.
•'>:>,
p.
<>r
l'julj.ctr
:
405)
Brookline & Pepperell plain bonds, guai
if Pert Marquette- Bee i'i hi. m ibqui
Florida Central
fotulu Johnstown <( <
:n>! inorl.. $700,000, gi
Hint
V.71.
Johnston
ii
i,
Cayudm
it
or t
i
LOT
t
\
34)
uiied
p.aL.bj K.J
lstoon. gen.ref.M
FLSint'fi..
if
p.
KinKsboro
i
S..,g
I
Mr
00,000, i?., red Mi..
o
Waym
Fort Worth
it
Denv. Oi
-tump, cti
$1 n.000 per mile Tie
1st mortgage, (fold,
1st M., g., old 5s, Int. red
Ft. Worth if Rio Or.
<r Ho.
HIO .V NOHTHW
Gulf—\t\t mort., $150,000, gold
Fremont Elkh.
Gainesville
it
I
napolls bonds
are guaranteed. Bee that company. General mort. 6s for $3.8
am held la trust to retire the prior bonds una cur trusts at maturity.
uios., j 1902-3. Gr
1 1
LRUS.
915.200
July 1 to Mar 31.
(1901-2. Gross, 1,362,001; net,
BarplasoTai ii nioe. charges, $424,838, agi
78 In 1901 8.
ANNUAL Rkcokt. Report lor 1901-02 was given In V. 75, p. 979.
Tear tint. June 30—
1900.
1902.
1901.
SI
$1,453,060
$1,392,760
urnlngs
OOi.oio
704
821,631
Other Income
39,233
.J17
37,248
'
By., the latter of which was bu
aok) from Amsterdam
miles
V. 73, p 81, 493, 1355; V. 74, p.987;
Eleotrio) street
Hagamaus,
'.'^
U Oo. of Pulton Co. and
By. l-t
adutta Elec
-led in N. Y. Central cut. -red din
..
i
I
i
V. 75.
100.
-
Ownsentli
>
titles
titer.
i
a^
Boiroe.—Of the oonsol,
of 1902 'to retire Amsterdam street
authorised
>
indfor
i
construction, double tracking from Johnstown to s.
nel other in provements, and of tbe
>(X) for imp;
to retire prim
tensions, V. 76, p. 265
,OOOGlov. a
i: \ iivixi; s. -For 3 mos. ending
Sept. 80, 1902, gn
13,066 in 1H01. Yearl90l-oj.gr..
$109,200: other income. *59.203; interest, tn'.
(S p. c). $48,000; bal.. BUT., $4.482.- (V. 7ii, p. 818.)
Fori Mnitii a IFeatera Kit.— O:
l
Total net Income
Interest on debt
and mlsoellaneons
Kvunsv.
$743,708
$337,950
77,672
04,054
<5%)04,167
lnd. drtlclt
.V
Dlyldendson preferred
common
do
Depleted eciulpmeut
$647,557
$658,879
$887,950
70,528
-.950
77..
R8,<
(6%)64,167
(5%)64,167
<3%)119,585
(3 1«%)139,50O
189,879
Balance, surplus
$10,486
def.$38,003
del
Gffickrb—President, Edwin s. Booley, New York; chairman of Di>
N. Y.; YieII. Hall; Treat
I, V7. K. Curl. don.
o.
Nones; 8< cretai v. Gilbert 8. Wright, EvansvWe, lnd. Dlreotoi
v. 7 ., p. 900.- (V. 71
979; v.70, p. 260,919.)
.
I,
.
«.i III.
Tcrro Haute A: Chic— See Onto. A East.
Full Itrook Railway,
fa ''/» >•
York Central
—
111.
Rirrr KB.—Owns from Corning, N. y., to Antrim, fa., 53 lullcs; branch
to Uly
10 miles; total 98 miles.
—The railroad and Its rolling stock was leased to N, Y. Central A Hudson River Kit. tor 999 years from May 1J1899, for$l7.r>,000
yearly, payable quarterly tn gold, beginning Aug. l. 1899. also taxes
and repairs, the leases ol the Syracuse i. nevu & Corning R.V. and
Pine Creek RR., formerly held, beimr canceled and new leases made to
N. Y. central, which also assumed the guaranty of the $3,500,000 l'me
Creek bonds. The
not Include the coal prop.
Brook Coal Oo. Prior to the lease dividends li
>ald quarterly
since 1891 at the rate of 7 per cent per annum on preferred and 8 p.
o. on common; since the lease, 7 per oent on preferred and 2>a pi
on common.— (V. 08, p. 379, 573, 773, 872.)
i
i
properties in Oklahoma; llenrv C.
rick of Pittsburg. Pa., Is ui'der.
o.l to be largely
uteres .1
^t..ek. *5,ooo,ot»". ,11 a
par of shares. *ioo. Bonds, see tab
ent for the purohs
V. 77. n.
f equipment costing #438,000.
and Treasurer, '.v. 0. Dustln, of leveland.O.
p. 29,54!"; V. 77. p. 88.)
n. Ml<h.,
Fort
A Jaikkiui Itlt.— ''
ally to
lnd., 98 miles.
On Augu
tore «V Michigan Southern at a rental ol
p.r cent on the preferred BtOC
3 per oent on pref. stock to be paid as
common, but not exoeedlng 2
I-
Bl
I
.
t
<
.
-
..
& Denver
Fort Worlli
Owns
Texllne, 454 m.
V.
ing June 30, 1902, gross, $11
For~~
year end-
v. 70, p 1800.
1,788; oper., def., 62,300
(V.
Fltebburg Hit.— System extends from Boston Mass. to Troy,
N. Y., 190 miles; branches to Worcester. Bellows a
3 mile's;
458 miles In all. of which 56 miles (Fitchburg to (ire. .unci.
from Vermont A Mass. and 9 ni. Iroin other cos.; second track 17-' m.
Lease.— Leased for 99 years from July 1. 1900, to Boston ,v Maine for
5 p.o. on pref. and 1 p. c. on common stock, pa; able quarterly [Jan. 1,
etc.], organization expenses, loteresl on boi
maintenance, etc.
The B. .V M. holds about
common stock, pun based with proceeds of n - 3 p. C
000.
at 90, the rem kinder being lnthe treasure
v. 7o, p. 70, 126, 176, 583,
1291; V.71, p. 29, 543; 7773. p. 533.
Bonus. Debentures described in v co. p. 967. The stockholders
3ept. 24, I a 02, t
'0,000 :?i« p. c. bonds to provide for
various ootids maturing up to Dec 1. 1903, inclusive; also to provide
tor additions and Improvements. V. 75, p. Oil; V. 73, p. 1112, 1312,
ANNUAL Rt PORT.—Last report (for 1899-1900) was in V. 71. p. 909.
(V. 71, p. 829; V. 75, p. 611, 066; V. 76, p 053. SIO.)
i
WO
.
—
& Fere Mur<|ueUe BB .—Merged in l'.re M.ir.pi.
Florida Central A FciiliiMiilar It It.— >. -•» .aboard Wr I.lne Ry.
Florida Baal «'oa«t It y.— Operate- from JaoksonvUle,
Flint
City
Ity.— 0\s
stock and bonds of frt. \\ orih .V Den. Term. Ry.
ith. By. owns a majority of $o,835,ooo
common. Pref. Stock, "stamp, d,"
DlVlDCNOS.—On pref. Jp. c. Mar.,
out of surplus earnings of the
p. c.
from surplus earnings
-. -Finances readjusted
of mortgage V. 45, p. 440.
In 1896.
Plan
VIkIhiiI
\
<;r..
;
July 1 to May 31.
1901-9
it BstPOST.—PlSOaJ \ear now ends June
6 mos. ending June 30, 19o2, was in
|
i
88;
;
Wayne
-
Farnivlllc A. Fov* liutan UK.— V. 7b', p. 653.
Fayettovllle A Albemarle.— See Si i\ July, '01, and V. 69, p.743)
Flndlay Fort Wayne A Wctern By. —(flu lf.</> C. 11
Owns from Flndlay, ()., lo Port Wa\ ne, lnd.. 30 miles, sold ai foreclosure July t;. 1903, to Inolnnatl Hamilton & Dai ton By. V*. 77, p.
fot
3i>.
I
other loco
.11";
85; bal.. sin
Tear
<>id. the.
31—
190L
Net overtaxes
Other income
From
Beport tor 1901 was in v. 74.
1900
31H.157
340,410
533,860
17."
11
total net Income, as above, In 190
onboi...
Frank Trumbull. Denver,
A
Fori Worth
to Brady,
Itlo
HOT;
(..'.-. V. 75. p.
Grande By*—Owns
196 miles, of which Bl
In Mar.. 1903
Stock outstandln
rhe stockholders voted rune 13, 1901,
50,000 to pay fc
and the Mexican t. order, of w bleb Idatton «lth St
p. 1237. In Apr.,
1'
wasautlior
Is A- San
I
1
I
vli.MMMKvr.- In Mas
bondhold
Jan.
1.
mil
1
i
as trustee,
secure $8,741,000 thirt
per cent bond,.,
1903. a portion of the Issue to be presumably reserved t relisting bonds a r or before matui ty
V.75,
ur 1901-02 gross earns.,$l,936,948; nel
in 1900-01; charges *3S3,963.-(Y. 61, p. 112,
p, 906.)
Florida southern Kit.— Merged in Apr., 1903, in Atlantic Coast
Line RR.— V. 76, p ;»7'2.
dated Jan.
to
1,
>
;
Fonda JohiiMown & QloTomwllle
N. Y.. to Northville. 41 miles; leased lines,
It
It.—Owns from Fonda,
miles; total, 52 miles.
RR and the Auister-
1 1
In Dec, 1902, absorbed the Cayadutta Electric
I
alive
by
I
per
i
tr
r
(\'.73.p. 1.57; V. 70,
p.
212)
Foxhuii: Itrld-e Co.- V, 75, p.
Fulton < <>ii in > If arro Ctensro B»y. Bee Apr
GsJneaTUle A Gulf H
|
w
000.
Loans
June
30, 190
dent, J.
Galni
— Road
M
-
»» ill.
.1.
II.
i»..
from
preferred. Of the
by the Georgia RR
but no interest <>n
i
um
ii
A
Y. 76.
from Fort
completed
I-'.
>rt. 25
miles; total, 4S4 miles. V. 69,0.591.
In Apr.. 1
.mi was
under construction lroin Miami south -'2 miles. System owned by
Henry M. Flagler.
June 30, 1901, stock. $1,000,000; $7,100,000 bonds issued. In
Oct., 190-J, tiled a mortgage to the Colonial Trust Co. of New York.
I:
earnings. $1,119,3
I
8t. Augustine, to Miami, 866 miles; branches to P
etc, 17 miles; Atlantic A- Western. Blue BprU
18 miles; Tltusville branch, t^ miles; Jack?
dlv
Ark., to
kit .let., I. T., 1 1!» in., of which Ft. Smith
Is owned and Ft. Smith .let. to I-'t. Smith, 'JO ml
Southern trackage; under construction from weleetka to Guthrie
n7 miles, to be complete. July, 1908
The road will develop ooal
i
Hudson
it
.
th.
Voiulirrii Itlt. — N
(
|
rsYESTORS' SUPPLEMENT.
38
RAILROAD-.
|„„
Miles
1
:*•
J
[Vol.
Ponds— Frinoi-
INT EREST O R DIVIDENDS.
or
pal, When
Due.
Stocks— Last
Dividend.
Amount
Par Outstanding Rate
For explanation of column headings, Ac, see notes of
of
When Where Payable, and by
on first page of tables.
Per cent. Payable
Whom.
Road. Bonds Value.
I
Galveston Harrisb d 8. Antonio lrtM.AJandgr.0*
2d mortgage, Harrisb. and Houston to
Ant.e"
West. Di v. 1st M.,g.,BanA.toElPaso,636 m.&br.o*
256
2d mortgage (see remarks)
o*
Equipment bonds, due $82,000 semi annually.
671
BU
Omteeston Houtton 4 Sand, of 1882
•71-'80 $1,000
L881
1881
1902
"5*6
-.000
1,000,000
13,418,000
1,000
1,000
1,000
1,000
1,000
2 -J.")
071
—
'
Up
A
&
;
GalveMon Houtsn
tic 11 demon RR. of 1882.—Owns
from Galveston, Texas, to Houston, Texas, 50 miles.
Organization.— TheM. K. AT. and International A Great North,
have had trackage rights since December, 1895, under a contract
providing tor payment to mortgage trustee of $100,000 yearly
to meet interest on O. II. A II. bonds and an additional rental of
$24,000 per annum for dividends or other purposes— see V. 61, p.
1064; V. 83, p. 697. M. K. A T. owns 4,999 shares of G. II. & H. stock
— see V. 01, p. 1013. Stock, $1,000,000; par, $100. For year ending
Deo. 31, 1902, gross, including $124,000 for trackage as above, $376,
823; net, $178,629; other Income, $3,569; interest, $100,000; equip't
andlmp'ts, $63,732, balance, surplus, $18,466.— (V. 65, p. 1114.)
(iiilvtutiui lloiixion a Northern Ky.- Owns from Magers,
suburb of Houston, Texas, to Galveston 53 miles. Successor May 1,
1899, of Galveston La Porte At Houston Ry., sold under foreclosure.
Capital stock Is $500,000; Issued $200,000, of which the Southern
Paelilo owns $199,000, together With all the bonds. V. 72, p. 287.
Year ending June 30, 1902, gross earnings were $408,441; defloit
nnder operating, $28,972.— (V. 71, p. 1811; V. 70, p. 542.)
«ene»co
Wyoming KIl.— Rotsof, N. Y., to Pittsburg & Lehigh
Jet., 11 miles; Etetsoi Jot to Grelgsvllle. 4 111.; branch, 2 m.; total, 16
m. Stock, $500,000: par of shares, $100
Dividends from Oct.. 1899,
to Oct., 1902. incl.. 5 p. 0, yearly (paid A.-O); 1903. Apr.. 4 p. o.
i-oi rear ending Mar. 31,
Ot :;. m 1 earnings as repor ed were $96,700;
Int. on bonds, $25,000; bat, sur., $61,700.
Year 1901-2, gross, $127,807; net. 871,051; int. and tax.es, $28,550; dividends (5%), $25,000!;
bal., $17,501.
Pres't and Treas.. E L Fuller. S'iranton, Pa.; Sec, H.
A-
A
1
18 Broadway, N.Y.— (V. 76, p. 1X48.)
George'.. Greek A Cumberland.— See Apr., 1900,
D. Fuller,
1
Sci'P.
O eo rg etOW A «
cutt-i-n.-See Apr., 1900, Sopp. (V. 75, p. 1354.)
Georgia Florida
Alabama Ry.— Arlington to Bainbrldge,
6a., 40 mileto Tallahassee, Fla., 41 miles, was placed
In operation In March, 1902.
Further extension projected from
Arlington to Columbus, <ia., 90 miles, of which 26 miles Irom Arlington to Cuthbert, Oa., were operated Jan., 190 J. An extension Is
lie built from Tallahassee, south to Tampa, I 10 miles,
\U
Perry Old Town and lirooksville, with liranch uuiii Old Town to
Archer, Fla., under the charter or the Florida Southeastern Ky.. in-
A
corporated June in, 1902. v. 76, p. 29, Name ohangedtn 1901
from Georgia Pins Ky. stock. $:t:>o,0O0, all outstanding; par,
For year ending June 30, 11)01, (40 miles, mortgage Issued
later).
$l.i3s; Improvements,
r
$100.
$13,. .73. bal., sur., $5,706. President. J. P. Williams; See. ami Treas.,
J. O. Hatch.
Offloe, Savannah. Oa.
(V. 74, p. 1089; V. 75, p. 89.)
Georgia midland it> .—owns road from Oolumbusto feloDooongh.
Ga., 98 mill
rom July 1, 1896, for 9«.) years to the Southern
Railway ( o. tor | 19,500 annua] rental (being Interest on the first mort
-. etO.,)
K»ge b
and $2,500 for Columbus terminal property. Stock
Is $1,000,000, owned by Southern Kallway Co.
(V 03. l». jO/.)
eo r ia Ballroad.—Under thlS name are operated the lines leased
from the (,,
Banking Co.—whloh see.— (V. <;? p. 1200.)
1
—
G
g
,
Railroad
fieerapla
a
iiankinu
Oonnpany.—Owns
from
August
,.,.,
171 uiiies; branohea to Washington
and Athens, 58 miles; Macon a Augusta RR. (proprietary road),Oamak.
Ga.. to Macon, (ia, 71 mill's; trackage, 4 miles
total, 807 miles.
1M/.11 tOW. Owns also one hairthe stock of the Western Railway
Alabama Hhe enlral of Oeorgla Railway owning the Other half),
Of
and a 17 pi oent Interesl In the Atlanta a West Point (whic
Guarai.
with Central RR. dc B. Oo of Oeorgla) the OOOtlrsi mort
itsol Western Ratlwaj or Alabama
;
0m
i
1
In April, 1881, the railroad (807 miles) and its Interest in the other
railroad oompanles w»
to W. M
Wadl
associates, for the Central or Oeorgla and the Louisville A NashvtllS at
$600,o<'
but In April. 1899, the
a n. was beld to b
quired all rights under the lease; the Atlantic Cos -t Co. in July, is:t'.),
r
aoqulred a hair ini
j, p. 722; v. *i'.». o. X85, >'.U:
Deo. 31 is:i2, the banking department was turned over to " ouorgia
Railroad Bank," 1 n
|198,800] of whose mock is owned.
L
.
,
Dividk.nds—
/'si
Since lsso, P. Ct.s
94
j,
10>4
lOyearly
l()t»
>89 to July, 1908,
LI p. e. yearly.
g.
g.
J.
5 g.
J.
3
A.
A.
ft
•
2fi0,000
5*g.
May
I).
do
&
&
J.
J.
<fe
<fe
A
M.
&
M.
J.
J.
<fe
M.
A.
6
&
A
A
A.
July
J.
A
1931
Apr.
Jan.
Apr.
1.
1,
1,
1913
1930
1929
July
1,
1,
1951
1946
mall'd to N.Y. iJulyl5,'03,2\
J. X. Y.,Am. Ex. Nat. Bk.
J. NY., Am. Ex.Bk.AAug.
J. [All Augusta; (is In N.Y.
N.
N.
J.
J.
().
N.
A.
O.
A
&
A
O.
J.
J.
1
I
I
Jan.
Jan.
Jan.
1,
1,
1,
1922
1910
1922
Balt.M.T.AD.Co.AN.Y. May, '03, 2>«
.May, 03, 2%
do
do
Balt.M.T.&D.Co.AN.Y. July 1, 1945
July 1, 1952
do
do
Sep.'03,8ep'ia
S.
O.
Various
J. A D.
M. A s.
5,791,700 3 in 1902 A.
920,000
3»Dg. J.
4»«g. J.
4,455,000
3,962.000
4 it. A.
1,
Oot., '03 to '22
OiN.Y.,J.P.Morgan&Co. Apr.
Various
M.
1910
1905
1931
June
do
N. V. V. ,-.).!'. Co., 120B'w'y
Q.—J. lAugusta;
J.
1,
1,
1,
Feb.
A. N.Y..8o.Pac.Co.,ABost.
& O
& O. N. Y., Merc Trust Co.
& J.
Sen York,
& O N. Y., Knick. Trust Co.
A J. New York A Savannah.
A.
A.
4,200,000 11 in '02
1,000,000
5
1,000,000
6
500,000
5 &6
1,000,000
684,000 5 In 1902
1,084.000 4 in 1902
3,801,000
5 g.
2,000,000
4 ft
342,000
4 Hs
100,000
4
250,000
6
215,000
5
1,514,000
5 g.
246,500
6
300,000
5 g.
1
is now receiver,
in June. 1908, sale was ordered. Sonic of
the bonds were held to bo iuvalid. but an appeal will probably be
taken. Bee V. 7o, p. 1406. In 1891) 0, gross, $92,342; def. for year,
«.— (V. 76, p. 1400.)
(ialvt'Mon llarrl»l>iir<:
Nan Antonio Ky.—(See Map South
Pacific.)— Owns Houston, Tex., to east bank of Rio Or. River. 834 miles;
branches, 73 m.; total. 917 miles.
Organization, BTOOK, Etc.— Operated by the Southern Pacific Company, whloh owns $27,064,400 of the $27,084,372 stock (par, $100).
Bonus.— First mort. has a sinking fund of 1 p. c, but it is optional
with holders to surrender their bonds if drawn. Western Div. 'Ms
by special agreement are treated as income bonds. V. 58, p. 719.
Equipment bonds, v. 7o, p. 1300.
on June 30, 1902, there was due the Texas New Orleans RR. $1,404,376. School fund Claims, V.64, P. 1137; V. 66. p. 471; V. 70, p. 686.
Barninus.-IO inns, / 1902-3
Oross. $5,658,034; net, $705,8:tl
July 1 to Apr. 30. \ 1001-2
Oross, 6,070,054; net, 1,320.029
Year l'JOl-02, gross, $7,117,821 net, incl. other income, $1,338,678; charges, $1,295,838; bal., sur., $42,740.— (V. 76, p. 1300.)
6
5
5
5
315,000
1,650,000
—
Dunlap
A
5g. M. A
6
J. A
1.55S.000
2,000,000
800,000
500,000
.
M
&
g-
6,3f>4,000
1888
K., JKe.o'
Golvtklon HousL d North.— 1st M., $800,000, gold
56 19O0
Genesee <t Wyoming BS.— 1st M., g., $.~>00,0OO i*
16 1899
ilooo
Georgia d) Alabama Ga. Oamlina d VortA'n Wee Sbab. Aik L ink Rv.
0- orgiaFlor.il Alab.— 1st tf., $550,000, g .. 'la.o 1 Text
1,000
1901
Georgia Midt'd By.— 1st ML, g.. $1,650,000, Int. gu.
1,000
98 1896
Georgia Pacific- Bee SOUTHERN R^.
Georgia Railroad it Hanking Co. Stock
100
307
Bonds, refunding, not mortgage, currency
1897
1,000
c"
Bonds, not mortgage, currency
1,000
c**r
1880
Bonds, not inort., cur., $200,000 are 5s of '87o"Ar
1882-7 1,000
Utorgxa Southern it Fla.— Com. BtOOk. I 1,000,000
100
100
1st pref., red. aft. June 1, 1905, $684,000, 5 p. o. Text
100
2dpref., $1,084,000, 5 per Mat
1st mortgage, gold, $4,000,000. Me Ha
1,000
285 1895
o*
1,000
lit consul. M , $10,000,000, sold.N
397 1902
o*<fcr
Equipment trusts, $18,000 due semi-annually.. 1,000 1902
Gettysburg it Ilarrisburg—Ro. Mt. 1st mortgage....
i",obo
Oettysb'.- a- Harrisb':.' 1st mortgage. old issue...
1,000
1882
Consol. mortgage, $565,000, gold, see text
1,000
35 1891
Gila Valley Globe d Xorlh'n — lal M., g.. text..
125 1894
1,000
Qo$Ken <t Deckert'ti—lai A- 2d M. ($(10,000 are 2ds)
12 1888-9 500, Ac
Gmiverneurd OewogateMi — 1st
1892
1,000
13
,g, gu. p.,t 1.1 lie
Gr. Raf). Helding d- Saginaw — \nt niort., text, gold
1,000
28 1899
Q'aiul Haputs dJnduma By.— stock, $0,000,000.0*
100
1st M., mostly 1. gr.,g., ext. in l«9y
1,000
335 1*891
o"
1st mort., extended, gold, guar, by Pa. RR
335 1891
1,000
e*
'••
MM.. $5,000,000, g
3*7 1896
1.000
i-i
6
7
LXXVII.
Phlla., Reading offloe.
R. omoe.
Phila., P.
1898
1912
1926
Nov.
1924
New York.
1928-29
N Bk OrCo.Goshcn.N.Y.
N'.Y., Gd. Cent. station.
June 1, 1942
Int'l Trust Co., Boston. Moh. 1, 1924
Of., Or. Rapids, Mich
Apr.25,'03,11*
N. Y., Wlnslow.L. AOo. July 1, 1941
do
July 1, 1941
do
Philadelphia. Pa.
Oct. 1. 1936
&
do
do
Apr.
Oct.
Oct.
1,
1,
1,
1,
Earnings.— 307 miles. ) 1902-3 Gross, $2,143,441; net. $670,436
July 1 to May 31.— 11 mos. \ 1901 2. Oross.
1.348.839; net, 620,862
Railroad earns, for year ending June 30, 1902. gross, $1,986,757; net,
$649,229; di vs. received. $1 10,1 >>&, advance*. $16,555; reutal to Ga.
RR. & B. Co., $600,000; balance, sur.. $745,840.—(V. 70, p. 125.)
i.nirahi Son 1 hern A Florida Ry.— ( Ste Map of Southern Ry.)—
Owns from Macon, Ga., to I'alatka. Fla.. 2!)0 miles. In Oct., 1902. purchased Atl. V. & W. Ry., Valdosta, Ga.. to Jacksonville. Fla., 107 in.,
Hihtorv.— A reorganization of the Georgia S. A F. Railroad, sold In
foreclosure April 2, '95. (Per plan in V. 60, p. 928; see also V. 59, p. 551
Dividends.— On lstpref.,'96, 4 p. c; '97 to May, 1903, 5p. 0. yearly.
On 2d pf. in '97, 2 p. c; '98, 3; *99, 3; 1900 to May, 1903, 4 p. 0. yearly.
Bonds.— Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers road from afaoon, Oa., to Palatka, Fla., 285 miles, and provides also thai the $684,000 /(r«f preferred
stock shall be a lien thereon second only to the bonds and coupons.
The unissued lirsts are reserved for old claims, improvements, eto.
The first consol. 4s of 1902 are for the authorized aiuouut of $10,000,000; of which $4,684,000 are Issuable to retire the *i. 000,000
fives and $634,000 first preferred stock, $.2,000.0
-ued to
acquire the Atlautlo Valdosta & Western Ry. aud $3,316,000 are reserved for future requirements. V. 7r>, p. 9 so.
Latest Earnings.- 11 mos., 5 1902 3 Gross, $1,494, "23; net, $376,513
July 1 to May 31.
1,14 5,407; net. 274,300
1 1901-2 Gross,
Annual Report.— Fiscal year ends June 30. Report for 1901-2
was In V. 75, p. 608, showing gross. $1,250,875 net, $2;) 4,970; other
Income, $14,089; interest on bonds, $190,050; div. on pref. stock,
$77,560. Pres.. 8amuel Spencer, N. Y.— (V. 7.5, p. 849, 980.)
CeUyftburs A llarrl«biir<r RR.— Carlisle to Gettysburg, Pa., 31
miles; branoh to Round Top, Pa., 3 miles. Tne Reading Company owns
$540,700 of the $600,000 capital stock, $535,000 of whloh deposited
as part security for its general mortgage of 1896. The 00 n sol. 5s of
1891 were guaranteed by Phila. & Read. RR. (foreclosed 00.).
OUa Valley Globe A Northern Ry.— Bowie, Arts., to Globe,
125 miles. Stock, $2,000,000, of which southern Pacific Co. owns
$1,100,000. V. 71, p. 1314. Par,$100. The bonds, limited to $15,000
per mile ($1,514,000 outstanding), are guaranteed, principal and in:
by South Paciflo Co. V. 69, p. 27; guaranty in V. 68, p. 232.
Dividend.—Dividend, 1901, 4 p. c; 1902, Jan., 4 p. c; none slnoe.
Earnings— 11 mos.. 5 1902-3
Oross, $294355; net, $174,310
terest,
July
May
1901-2
340,835; net, 176,978
Gross, $375,367;
net, $185,452; interest, $75,700; div. (4 p. a), $80,000; balanoe,
surplus, $29,752. President, William Garland; Sec and Treas., A. O.
Laird, Los Augeles, Cal.— (V. 73. p. 616, 1 108; V. 75, p. 340.)
1 to
31.
I
Year ending June 30, 1902,
Oross,
In V. 75, p. 340, viz.:
Gouverneur JSc OM«veentchle RR.— Owns from Gouverneur to
Y., 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—whloh guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
<;rand Rapid* II- Idiim A Sauliuiw Kit.- Froeport to BeldEdwards, N.
lng.Mloh.,28 mile. Mortgage is for $260,000 ou 28 miles aud$9,000 per
mile for additional construction. Leased from Jan. 1, 1900. to Pere
Marquette RR. (whloh owns all the capital stock) for 30 years, rental
ooverlng interest.— (V. 70, p. 39.)
Grand Rapl<l« lv nlk ai»ka A -<>n 1 licH.fcni Kit.— Rapid City
Mich., to Stratford, 33 miles. Leased to Ohio. A West Mioh. RR. (now
Fere Marquetto) for 10 years from Jan. 20. IS 18, at $20,000 yearly
and 15 per cent of gross earnings irom merchandise, logs ami lumber
iV. $6, p. 857.)
other than pine. Sinking fund Jan. 1, 1903, $54,692
<;ran<t RapldM A Indiana Ry.— (<8SI Hop of Pennsylvania RR.)
— Owns from Fort Wayne, Ind., to Mackinaw city, 307 miles Manistee
Branch, 19; other blanches, 11 miles; total owned, 430 miles; operates
the following roads but has not assumed the old company's leases
Cincinnati Richmond dt Fort Wayne RR^ijOm.; Traverse city
RR.. 26m.i Muskegon Grand Rapids A Indiana RR.. 41 tn. The Traverse City I.lclenaii * Manistlque RR., Traverse City to Northport,
Mioh., 80 miles, completed July, i9o;i; operated for its net earnings.
Bee V. 74, p. 777; V. 76, p. 81 1.
Aug. 1. 1866, of Orand Rapids A Indiana
1 is roRY.— Successor
Railroad, foreclosed under second mortgage pet plan in V. 63, p. 153.
— Dividend. p. c. Apr.. 1900; In 1901, 9 p. c. (A. A O.)
Dividends.
1 ^j p. c.
1902, April, 1
p. c; Oct..
'j p.0.; 1903, Apr
BTOOK -Stook, $6,000,000. of whloh Pennsylvania Company Is supor nc,ui.\ all. V. 74, p. !).">.
DOBOd to own all
BOITDS.—The first mortgage bonds extended at 4 * per oent are endorsed with the guaranty or the Pennsylvania KR. Oo. to purchase the
coupons as they mature, and the bond itself at maturity. They have no
See gu,
lien on laud grant
;.. 649
V. 69, p. 1193. Of
the 2dS $3,687,000 were owned .Ian. 1, 1903, by l'enn. RR. Real
1
1
1
'•_•
.
1
.
i
•
i
.i
s.
<1
.".
ii.
nun.
Kiiour. Report for 1902 was In V. 76, p. 749. In 1902 carried 2,147,230 tons freight, of which 46 p.o. was lumber. etc, and 10 p.o. coal.
1899.
1901.
fear enoVa Dec 81.
1902.
1900.
Miles operated
430
428
480
480
oross Income
$8,196,739 $2,871,782 $2,661,438 $2,404,284
Netoverexp's&taxes
585,316
784,470
634,847
700,718
Interest charge for 1902, $390,927; other, $112,363; dividend
|3 p. c), $173,730; bal., surp., $77,449.-(V. 76, p. 749, 810.)
—
July.
RAILROAD-
-_
>l
For explanation of column headings,
on Oral page <>f tables.
Ac., see notes
Grand Kaput* Kalkaska
M.,
Grand Trunk
s.
<e
M.—lei
It !i.—<
k,
s. f.,
i
it
_.
Date
of
Par
33
,
168 >4
66
3265
3205
624
L A
g.
£100
£100
L869
£ lOO
100
Vur
L878
£100
£ lOO
l, on;.
.
1908
1908
1912
1.
1.
500
i.
£100
1874
»03.0OO
1880 $5 00 Ac.
£100
1900
14.437,000
1,500,000
1900 $500 Ac
$100 124.001, 7<io
10O
0460.600
1879
1,000
7.369.000
Not
,
July/92,cp.pd.July, 03
H
1
N
-i
fixed.
l'.MO
1,
Jan.
Coin.
1
N H
on. inn or s,- q
.
I.
July 1, 1950
Julv 1. 1950
--anBt. A hit. 1,'03, 1H
Aug. 1, '08, 1>*
dO
York.
paid 1001 02
p. c.
•
do
New York and
5.570.00O
1,000
1,000
13.344.000
1,000
19.533,000
1,000 a 10,185,000
i^s:i
72
299
260
.
Aug
May
l/ondon.
m
Nassau hi.
do
do
do
do
do
do
N.Y.ALon..BaringBros
New York
N. Y., 32 Nassau St
N.Y.32Nas.
do
do
N. Y., 32 Nassau 8t
N. Y..
1887
1890 £100Ao b£3.000.0O0
1901 $1000ac 215.7S0.000
1SSJ
1,000
2,800,000
1SSH l.OOOAc
4.700.0O0
1898 l.OOOAo d5,000,0O0
1887 l.OOOAc lO.OOO.OOO
810
.
42'
l-S-2
1HS3
-
do
:u:
177,7(KI
•100 Ac
:
1*-M>
1,221
2.655
do
mable
1868
1884
1--
.07
I
do
da
do
10,000
7,168,0 >5
4,270,375
14.6S4.731
'8.000
2,72
£ lOO
1874
1874
Tru-
Int'l
Cheek from
£100
£100
Ijuit.
.
().
J
°°^o!6oo.wo | (now l9t M on land8) &old.Ce \ 2,655
Montana Exten. lstM.($25,000p. m ,). g.« I ( :r 420
Minn. Un.RR.lst M ..g.,gu. ($050,000 are 5s).< a.0*
East of Minn. 1st M. ($50,000 p. in.), g.. gil.Ce.C'Ar
No. Dlv. iuort., $15,000,000, void, guar.Tie.c'Ar
Mont. «'en. 1st M. ,«.($(), ooo.ooo are6a)ga < <• Ma
5
i LOO
1873-4
Where Payable, ami
ll)lt
.
£100 £22,47
MM
Paotttc Extension M. £6.000,000, gold Ce..o*Ar
C.B.AQ.o'l.tr.M.g.(su.tocall -if Ja.'00atl05)«. eAr
-J 00,000
11.000
1*!»7
1884
|
Wellington Grev A Hruce 1st M.. £532,000
Wett'n — Northwest Or. Tr., 1st mort.
1st M., $15,000,000, lut guar., g., $ (cur.) A £.F
2d M., lnoome, g., $1,500,000, red. (text)... .Col.
« t. Northern— Stock, $125.000,000
8t. Paul Minn. A Man.— Htock.orlg. * '2 0.000, 000.
St. P.M. A M.2d (now 1st M.ig. does not oov. l'ds)o*
Dakota Extension 1st M., gold
Ce.o*
When
,
DIVIDKN
.
Amount
rvntaESuitiM
uuisiamum.
Road. Bonds Value,
823,818
A9
IN,
Size, or
of
p. o.
Brand Trunk
_
_,
Miles
guar, stock, non cum.. io be 6l6,<
1st preference S
ick, £3,420,000
2d preference stock, £2,330,000
3d preference -1 per cent Btook, £7,168,055
Debenture stock, £4, '270,575
3,512
Con sol debenture took (ooL trust), cum
2d eq ul pin cut M. (subject to 1st M. In ti iist)..o.
Great westers perpetual ilclicniure stock
o 836»»
Northern Ry., 3d preference A A H bonds
o£ 490\
Debenture stock, 4 p. «.. perpetual, 4 L2
Grand Tr. Geo. Hay A L K
189\
,£810.200
Midland of Canada 1m M - it lonal, £525,000.0 )
455
Consol. 1st M., £3,104,700
OS
4
:
KAILROAD STOCKS AND BONDS
1903. J
1909
1910
1933
1938
1937
1940
1921
I,
Nov
1.
July
July
1,
I,
June
1,
1.
Julv
Julv
July
Apr.
i
I
1,
1.
ion
19281948.
July 1. 1937
Great Nor. has aoqulred all except $450,600 of $20,000,000 stock
a $11,502,000 additional pledged for Pao. Extension bonds of 1890.
Minn A Man.
d Subject to call after April, 1928. f Coupon bonds J. A J.: re*.. Q.-J.
b £3.000, »00 additional held by Great Nor.
of
<•
St. P.
t
Grand Trunk Ry. of Canada.— Quebec
Can., via Montreal, to
Portland. Buffalo, Detiolt. Toledo, eto
KKI'OKTKD SKl'ARATKI. Y.
SYSTEM PROPER.
Majority SUKk OuXMd.
MUr>.
470
Lines owned
a,t»T8 Centra] Vermont ^
Chicago,
,
IU-: also to
:
I
I
Lrnttii— partly ownrd—
Atlantic A Bt. Lawrenos, Portland. Me., to Island Pond, Vt...
Boflalo A Lake Huron
Clnoln. Sag. A Mackinaw!
Other
i
Grand Trunk Western!
Bnttri
150ll)etrolt Oraiul Haven
162 Tol. s«ir. a Muskegon
83*
I
A
18*
Mill
b7
l
58
216
lines
I
Jointly ounvd
Detroit A Toledo Shore Line
61
Total road
Total
earnings
4,700
TSee separate statement this Co.
Organization.— A consolidation. In Auk-. 1882.
In July, 1903. tin- Grand Trunk Pacific Ry., controlled bv the same
Interests, with | 10, o> 0,000 or 946,000 on authorized stock, whs proposing to extend the OOOOp tn\ '.s iine 2,500 Or 8,000 miles to tlic Pacific
coast, the PaOlfle terminus to he Port Simp-. in, 860 miles north of
Vancouver. The Canadian Government, It u expected, will oonstrool
the portion of the proposed line from MonotOB, New Brunswick,
on the Intercolonial Kv to Winnipeg, via Quebec, about 2,(>oo miles,
ami lease it for probably 50 yean totbe(Qr <i Trunk Pacitic. guarantee
lug part of the bonda on the remainder of the line from Winnipeg
westerly to be built by the company, V. 77, p. 88, 146.
In Dec. 1902. purchased the Detroit A lobdo Sbore line Hit., I)e
troit.Mloh., to Toledo, O., 61 miles, in oonnec Ion with the Toledo st.
Louis A Western Ky.. the latter anil the Qrand 1'nnik Western Ry.
Jointly guaranteeing the $1,900,000 l per cent Phore Line bonda.
Tills at) or. Is a through line to Toledo and a connection via the Toledo
St. Louis A Western to St. I.ouls.
V. 76, p. 1354; V. 76, p. 653.
Stock, Etc.— The authorized capital on June 30,1902, was £41,
656.364 stock (£40.813,834 Issued and £842,530 unissued), advances
from the Canadian Government In aid of construction amount to
£3,111.500.
Perpetual consolidated 4 per oent debenture stock;
authorized by Act or 1882 and later Acts, has been Issued from
time to time to acquire securities of companies consolidated and con
In
8,668
I
.
,
trolled, amounting Dec 31,1902, to £8,211,988. and hearing an an
nual interest of $125,486. V. 71. p 84. In Feb., 1!>03. application was
made for authority to Increase the 4 p. c. guaranteed stock from
£5,220,000 to £10,000,000. V. 76, p. 382, 97J.
Dividends since 1891: Guar., 4% stook— 1894-97, nil; Oct.,
1899, to May. 1903, 4% yearly. On 1st pref.: In 1899, 4%;
6»«%; 1901,6%; 1902. Apr., 2>a%; Oct., 2»nV 1903, May,
On 2d
pref., Apr.,
'98. 2%;
In 1900,
c. the 1st dlv. sinoe April. 188H; 1901,
May. 3 p o
1902. April, 4 p. c; Oct.. 2*9 p. c
1908, May. 2 «« p. c;
on 3d pref., 1 p. o. for 1902, the first since May, 1SS4. V. 76, p. 382.
Earnings llmos., 1 1902-8. ..Gross, $24,717,332; net. $7,331,172
July 1 to May 31. i 1901-2. ...ttross, 21,079,571; net, 7,201,690
1900.
Hit,
p.
;
;
Report.—Btatement for 1902 was In V. 76, p. 916.
Teari ending Dec. 31
1901
1909.
£5,18m,079
Gross earnings
£4,857,599
Transportation expenses
3,578,433
3.301,765
Net earnings
£l,H10,(i4«
£1.555,833
Total net Income
£1,811,658
£1,736,651
Rentals
155.206
155,218
Interest on b'ds and deb. stk. 1,066,1 52
1,072,498
Advances
to controlled roads
6.768
Dividend on guar, stock .(4%) 208,792
Do on 1st pref. stock... (M 170,840
Do on 2d pref. stock... (5%) 126,420
Do on 3d pref. stock... (1
1
.
>
22,501
(4%) 208,791
(5%) 170.- in
(4%)101,136
1900.
£4,575,433
3, OS
£1,487,866
£1,694,218
1
16,848
1,054.512
(4%)20s.7:i0
(5%)170,841
<3%>75,852
Balance
def.£4.l67
sr. £5,667
sur.£2.143
President. Sir C. Rivers Wilson, London Second Vice-President and
General Manager, Chas. M. Hays.— (V. 7C». p. U7j; V. 77. p -~
Grand Trunk Western Ky.— Owns from Port Huron. Mich., to
Chlo. A West. Ind. RR.. 330 miles, and trackage Chicago A West, Indiana, 5 miles; total. 335 miles. Stock. $0,000,000, all owned by (irand
Trunk.
A reorganization per plan (V. 69. p. 954; V. 71. p. 28) of the
Chicago & Grand Trunk Ry., sold In foreclosure Oct. 31. 1900.
Bonds.—The Grand Trunk unconditionally guarantees the interest
on the new 4s. Of the 4s, $563,000 are reserved for Northw .(.rand
Trunk tjs. The new incomes are subject to call at 85 and anv interest
,
.
then due. within the first 10 years. Int. on Incomes, 1% paid in 1901 2.
Jointly with Toledo St. Louis A Western guar
Toledo
Shore Line bonds, v. 7r. p. 053.
Year ending Dec. 31, 1902, gross, $4,678,308; net, *662."35; charge-,
$694,004; bal., def., $31,269. (V. 72, p. 103 l; V. 76, p.
Great Northern Ky.— (See naps)- In Feb., 1*00, leased the
Bt. Paul Minneapolis A Manitoba for 999 years, assuming its funded
debt and guaranteeing 6 p.c. per annum in gold on lta$20,0O0,<
In 1902 only 8468,64
of Manitoba stock bad not been exchanged for
Gt. No. stock. — (V. 1 8. p. 129; V. 67, p. 1356; V. 67.
18,842.)
The Northern Securities Co. (which see below) formed in November,
1901, owns about 75 per cent of the stock, having given
change $180 Securities Co. stock per $100 share; It also acquired,
nearly all of the stock of the Northern Pacitic. V. 73. p. 1011, 1062,
1161, 1357; V. 76, p. 101
I
I
In 1901 stockholders subscribed at par to $25,000,000 new stook,
raising total Issue to $125,000,000 ($20 per share to be credited on
account fOT advam
ril Minn. A Manitoba Ky). the proceeds
to acquire BOO miles Of additional road and control of Great Northern
Steamship Co. V. 72. p. 680: V. 78, p. 184,
slow. As to
earlier stock issues, see Sdii'LEMENT of July, 1902.
Hoai).— The system embraces
Garret-on. R, D.. to BtoUX
Lines leased and ontrated
8L Paul Minn. A Man. Kv.,
Ottyja., and O'Neill. Neb. 228
8t. Paul to Lowell, Wash... 1,790
Duluth Watertown A Padflo—
Branches in Minnesota, the
Watertown to Hunm, Dak.
70
Dakotas and Montana
2,009
Mlnneapollt c d
9
Montana eiitral —
Eastern Ry. of Minnesota
(Jreat Palls to Butte
60
H Lake
261
Hincklev to Duluth
72 SlMikane Palls A Nur
203
Hlnokley to PTidley
65 Montana A Great Northern
like...
New Dul; to Cass I.
Ry. IV.72, p. li
140
Mi-sls., Minn., to Hibblng
Jennings, Mont., to Intern.
49
Brook Pk. to Cooll (leek
Boundary
51
I
—
(
1
.Imic, eto
84
Park Rap A I^ech Lake Ry.—
Park Kapids to Cass Lake
49
Dakota A Great Northern Ry.—
I.akotato
li.ilni.in-,
N.D.,eto.
Duluth Terminal By
Owned, unbonded —
(it
Palls, Mont., to Intern.
Boundary (under recon134
struction!
Crows' Ne-t southern Ky.—
40
Boundary
intern.
to
ator>
49
2
Seattle A Montana RR.—
Heattle to Westminster
Anacortes to
Kockport,
Wash., eto
Washington A
(it.
North. Rv.
«»04)-
(V. 73. p
Marcus. Wa-li., to BepubliO
Victoria, VancoiiNcr a
ern Ry. A Navigation —
Rldeau, B. C, to Car-on,
B. C, etc
143
62
Total operated directly... 4,565
60
16
Stock owned opcr. separately—
Wlllmar A Sioux Kails—
Total road Oct.. 1902
5,849
Wlllmar to Yankton 8. D.. 205 2d and 3d track and sidings. 1,197
Montana A Great Northern Rv see V. 72, p 11S7. A> to Wash. A
Gt. Northern. Seattle A Northern Rv., Victoria Vancouver A Eastern
Ry. A Nav. Co., etc, see V. 73, p. 184. 904.
Lands.— Sales for year 1901-02 were 124.180 acres for $1,129,277 and 819 town lots for $15,003. The net amount due on land contracts June 30, 1902, was $3,277,487; lands unsold. 816,088 acres,
to be reduced about 600.000 acres by a final adjustment with
Minneapolis A St Cloud grant wa- 176,864 acres; unsold Jnlyl,
1902, 23,054 acres; sales in 1901-02 were 281.228 acres, for $495,686.
!
Dividends, ) '92 to '96 (Indus.), '97 '98 '99 '00 1901 '02
1903
r
Gt. No. pf.%{
5 p. o. yearly.
7
7
5»s 6V4
7*a 7 Iiiel.Atig.,. »!
Also In 1898 50 p.c. In Seattle A Mont, stock, which was then exchanged for 40 p. 0. In Gt. Nor. pf. V. 66, p. 1044, 1188; V. 74, p. 829.
;
Bonds.—8t P. Min. A Man. consol. mort. of 1883 is for $50,000,000. of
which bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 miles of railway in Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the D.iko
tas, the prior liens on which average only 87,300 per mile.
V. 64.
p. 518. M07iiana Extension mortgage Is for *'_'5, 000,000 for extensions
and for second track, tbatraci V. 45, p. 848.
1'aciftc extension mort. .£6.000,000 provide* for bonds at 46,000 per
mile lii Montana and £7,000 i»er mile west of Montana; £3.000,000
of this Issue, in addition to ttiose given In the table above, were released
upon pa> incut of collateral tnist bonds Sept 1 1898. V. 66, p. 1044,
iib-l rait ot mortgage, V 52, p S3
In 1901 the (ire.it Northern and Northern P.iclflc acquired
577,200 of the Chicago Burlington d Oulucy RR. 8111,200,000 stock
In exchange for their Joint 20-year 4 per cent gold !>.•
bv the deposit of the stock In trust, oil
each $10o stock. See circular. V. 72. p. 871, 1034, 1135, and application to list. V. 73. p. 294, 903.
:>ment,
Eastern Railway of Minnesota. Pint mort.
,
•
.
—
id
of
to
1
The Northern Dlv
elevators.
189s provides: for
the head of lake navigation
1
•>
•
mortgage
building from Posston, Minn.,
at Duluth. and also for future require
meiits. including the retirement of
t
..irlty.
-
They are redeemable at 10"> on three months' no
— v. 66, p. 471. Montana Otntral bonda oover severs
Chboh. bee. 12, 1891.) The Manitoba ;
Great North)
-
I
guaranty.
See form of
e adv.
latter. V. 74,
The Will mar it Sums Fall* bonds are en
guaranty of the Manitoba and Great Nort hen
m.iv be mads at $17,500 p. m. for additi
MnneawoMl We*in„
p
BO,
I
irther
•
;..
1
Finances.- In 1901-02 (10 months)
l'er cent):
In 1900 01, 81.920,000 (12
.<H)0 (10 p.c.) In dividends on Basten
I u.
(6
1900-01 on Montana Central stock. debt per mile of main track (4,7! miles)
I
.
73. ji 910.
-
835.
0,000
*:
in
inded
In
I
' the public.
Train load 1901
In Jan.. 190), the Northern Stean
and Great Northern elevator atjiBuiTa;
0,000.
•
V. 76, p. 33*
al»oot
60
INVESTORS' SUPPLEMENT.
1771
fVoL.
'
r
LXXVII.
f
July,
1903.J
RAILROAD 8TOCK8 AND BOND8.
<U
V
v
'
62
.
INVESTOKS' SUPPLEMENT.
LXXVH.
[Vol.
Bo/uts— Princi-
INTEREST FOR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
pal, When Due.
Par
For explanation of column headings, Ac, see notes
of
of
Outstanding Rate Per When Where Payable, and by Slocks—Last
Cent Payable
Whom.
Road. Bonds Value.
Dividend.
on first page of tables.
Great Northern— ( Concluded)—
Wirrmar ASi'x F'lls 1st M.,g.,gu.p.Al.(end)Ce.o*A-r
Minneapolis Western 1st mort. gold, guar
o*
Duluth Superior A- West, car trusts, assumed
205
GreatXor. Ry. of Canada— 1st M., g.,8.f.,text.Oc177
guebec Term'l M., #300,000 auth. (V. 71, p. 09*)
qulpnient bonds, due semi-annually
Green Bay rf Western RR.— Stock. Bee tort
Debentures, Class A, Incomes, text, non-oum..o"
Class B, Incomes, after stock, non-oum
c
Greene RR. (X. T.)— Stock
Guay. cf Q. -1st M. $12,282,000, g.,gu.. text. I sin
75
Gulf Beaumont <f K.C.- lstM..$10,0O0p.m.,g.A Re
2d mort, $10,000 per mile<$176,000 arc <>*t A B.C
75
Gulf B. A (it NO.,gOld, p.
I. kru.,end.AB.text.c
Text.
Gulfdt Ship Island -Mock, $\000,000 authoi
let ref. and termlual M., g.N
251
o*<fer
Hancock <t Oatumei—See Mineral Rajjok KK.
Hannibal <£ 81. Joseph— See Chicago Burlington & Quinc
Harriman <£ Northeastern— 1st M., gold, Co
22
Harrxsb. Portsm'lh ill. Joy <& Lane.—8took,7p. o.gu.
53
1st mort. (ext'd In 1883), guar. p. A- 1. Pa. RR.GP.r
53
Hartford <£ Connecticut Western Stock
109
1st mortgage, extended In gold In 1903..
109
Henderson B'dge Co.— 1st BL, g., d'wn at 105-Ce.o* ....
Hibernia Mine RR.—Stock
4*4
Hocking Valley lit/.—8took, com., $11,000,000..
Stock, pref., $15,000,000 4 p. o. non-oum
Columbus A Hooking Valley 1st more, gold...c*
76
Col. & Toledo 1st M. (Columbus to Walbrldge).c118
Ohio & West. Va. 1st M. (Logan to Pomeroy)c*..
85
1st consol. mort, $20,000,000, gold.Oe
346
• $16,000 old 5s of 1S9H remain outstanding.
.V-
—
1888
1900
1900
1,000
1,000
1.0O0
1,000
1899
1893
1893
1900
1,000
100
500
500
1,000
100
1902 1,000 Ac
y.
1895 100
Ac
1,000
1,000
100
100
100
....
1867 500 Ao
1875
1,000
1.000
1880
1899 1,000 Ac
902, 914.
p. 882.
(2)
5,202
$28,350,690
$11,537,628
5930
5281
OREAT NORTHERN INCOME ACCOUNT.
Tear ending June 30.
1902.
Net earns. St. P. M. A Man... $13,268,998
Interest on bonds owned
380.635
Dividends on stocks owned...
1,419.960
Front on Treas. seour. sold .
363,177
Rentals of leased lines
176,484
Bills receivable
General Int
A
2,059
474,141
other income..
Total receipts
$16,085,456
Paid rental St. P. M. A Man. $3,742, M6
Great Northern dividends
(7)8,225,920
Renewal, etc., funds
2,000,000
Balanoe
1901.
$8,026,871
395,548
3,126,504
337,554
172,752
2.014
212,845
5,076
528,910,789
^13,042.414
1900.
$9,530,776
350,422
2,958,855
689,076
166,765
3,740
436,456
$14,136,090
$3,709,548
1932
Aug. 1, 1913
Aug. 1, 1913
July 1. 1930
July 15. 1903
Feb. 1, 1952
Central Trust Co. Jan. 1, 1916
Company's Office July 10, •03,4
July 1, 1913
do
Hartford.
Aug.31,' 03,1%
do
July 1, 1923
Sept. I 1931
N. Y., 120 Broadway.
Apr.10.' 03,3%
See Central of N. J.
N. Y., J.P. Morgan A Co July 18, 03,m
do
July 18, •03,2%
do
J. N. Y.,
J.
J.
A
A O
A A.
M & N.
A J.
Phila.,
do
,
,
,
Oot
do
do
do
do
do
do
do
do
1
Aug. 1
May
July
1
1
19*o
1905
1910
1999
A Western RR.— Road owned from Green Bay, Wis.
Marshland, Wis., 209 miles; branches, 13 m.; trackage to Winona, 4 m
Fassen'r.
Xet.
Gross.
Tair^,
tic.
H<d.,sur.
$374,140 $128,214 $502,354 $165,980 $16,457 $149,523
172,010
39,654 132,355
126.6S5
527,312
1901
400,627
From balance in eaoh ve^r was paid, on deb. "A," 4%, $14,000; on
common stock, 4%, $100,000.
Directors.—8. 8. Paimer, Pres.; Mark T. Cox, Sec. and Treas., 40 Wall
8t,N. Y.; C. Ledyard Blair, J. A. Jordan, W.J.Hunt—(V. 76, p. 703.)
Greene RR.—Owns road from Chenango Forks to Greene, N. Y.,
9 miles. Leased to Delaware Lack. A W. for term of charter for 6 p. 0.
stock.
Capital stock, $200,000; par, $100 The $200,000 7 p. c.
bonds which matured Deo. 1, 1902, are held la the D.L.& W. treasury.
m
76, p. 265.
Stock authorized, common, $7,032,000; preferred, 7 per cent, oura.,
$5,250,000. The bonds are guaranteed, prlnoipal and Interest, by the
Government of Eouador, secured by a first lien on all the Customs
duties of the latter.it receiving in consideration 49 p. o. of the common
Co.
stock. Interest in London is payable at Glyn, Mills. Currle
President, sir Jas. Slverwright, London; Vice President, T. H. Powers
Farr, New York; Seoretary. Benonl Lookwood Jr.; Treasurer, Samuel
H. Lever, N. Y. Office, 33 Wall Street— (V. 75, p. 1031; V. 76, p. 593.)
Gulf Beaumont
Kansas City Ry.— See Sure, for Oot., 1902.
A
Tot. for thesystem.$38.858,513 $17,984,195 $2,031,750 $20,015,946
From this last result ($20,015,946) were pain the totallnterest jharge
of all the companies, and the guaranteed dividends on St. Paul Minneapolis A Manitoba stock, not owne-f, a total of $5,106,346 ana dividends of $8,225,920 on the stock of the Great Northern Ry. Co.
?iOfpicers.— President, James J. Hill, St Paul; 1st Vice-President,
amesN. Hill. St. Pauh 2d Vloe-Pres., R. I. Farrlngton; 3d Vice-President and Sec y, E. T. Nlohols, New York; 4th Vloe-Pres., J. W. Blabon;
Treas'r and A sst. Soc'y, E. Sawyer, St. Paul; Asst Seo'y and Asst Treas.,
N. Terhune, New York N. Y. otltee, 32 Nassau St.
Din-do™.- J j. 11111. Frederick Wererbsnter, P. inn. B. sawyer. m. D.
Grover. R. I. Fwruurtrm, II. W.Cannon. .1. N. mil. Win. It Ix-hn.
—(V. 75, p. 7 80. 902. » 14, 921, 1253; V. 76, p. 101,330, 1084.)
;
Great Northern Ooimo Ida ted Securities Co.—
I
Holds
a majority of ilie stock of tin- Great Northern Railway of Canada
(which see below); also of the Montfort
Oatlnc.au Colonization Ry..
Montfort Jot to Arundel, 88 mile*, a bran h of which Is to be built
from 8t Jerome to 8t Bauveur, ih'v mile*, and of tii« chateaugay a
Northern Ry., building from Joliette to Montreal, 3(3 miles.
Control will be held by the Canadian Northern and (Jreat Northern
Ry. of Canada Interests, ensuring the operation of the two systems
practically atone property. V. 7(1. p. 704, Stock authorized, $8,000,000, all of one clasp. (V. 70, p. 704.)
A
Great Northern Railway '<>i < aiiiuhi.— Owns main line
between BlT-a-Plerre, on line or Quebec a- take Ht. John Ry., to
Huv. kcNlmry, 09 Ihc Canada-Atlantic liy., 168 mile*, with running
rights over (j A L
Bl John to Quebec, Bo miles; ai«o a branch to
Bhawrnlgan,
miles, and one to si. Jerome, 1% miles; lotaloperated
June 80, 1902. 332 Vj miles.
oontraol with Leyland Una,
expiring 1806, 19 oonnectjon with which and OanadaAtlantloBy.lt
thioiigh line from Chicago and Dulnth to Liverpool and London. England, 800 miles shorter Hum via Buffalo. Owns elevator at
Quebec, car and repair whop'- at Quebec, etc. V. 71 p. 1880,
comiioi..- Is March, 1808. control wan acquired by the
Northern Consolidated Beourltles Co., In which Canadian Northern
partieB arc lai gely Interest) d. s. e those companies. V. 7C. p, 70
stock authorized, common, Q £60,0 .)<); dehen
IDS
preferred stock. #450.000. Of the $6,000,000
rlrst in
A, issuable at 880,000 per mile of oornnleted
dm.-, and also $500,000, series B
road, $3,540,000
on account of bridge aerOM the Ottawa lilver at la w ke-bury
Report for year ending June 80, 1803, hrsl fall
actual operation, was in V. 75. p. 1852, showing gross, $634,7<
.
'-j
I
1
.
-
I
A
Tunc. 1903, 3%
Guayaquil A Quito Ry.— (3Vfoot gauge )— Projected from
Guayaquil to Quito, Eouador, about 290 miles, with two branches.
Of this, lift miles, from Guayaquil to Quamote, are in ooeratlon.
Controlled by the Ecuador Company of London, which is building
the road, $12,282,000 bonds, $5,250,000 preferred and $3,586,320 (51
p. o.) of the common stock boins; deposited as earned as security for
the £1,000,000 six per oent gold bonds of the Ecuadorian Ass'n (predecessor company) due 1932 (int. J. -J), but redeemable at 110 after
1905. See V. 72, p. 1283; V. 75, p. 289, 1031; V. 76. p. 593
Tot. Ry. sys. proper$36.032,255 $17,003,398 $2,001,623 $19,005,021
Spok. Falls AN or.Sys. $1,165,197
$552,455
$561,791
$9,337
Minneapolis Union....
225,998
171,839
9,707
181,546
Minneapolis Western.
65,089
149
28,419
28,569
Duluth Terminal
36.233
13,500
13,500
Northern Steamship. 1,333,740
214,584
10,934
225,519
1
A
Guatemala Northern RR.— V.
sr.$2,116.990 sr.$l,689,063 sr.$2,217,764
1903.
do
do
A D. D.L.AW.off.26Exch.Pl.
A J. N Y..U.SM.ATr ALon.
A A. N. Y, 59 Cedar St
do
A A.
do
do
do
& J.
Buffalo, N. Y.
Q.-J.
J. A J. N. Y., Flsk A Robinson
J.
J.
F.
F.
J.
1,621,000
200.000
11,000,000 3 In 1903 J
15,000.000 4 In 1903 J
4 g. A.
1,401,000
7
F.
2,500,000
1,5«4,000
7
12,157,000
4»«g. J.
Freight.
(7)6,408,778
1,800,000
In
1951
1902
$12,274,088
$3,687,656
Canada,
Mont.
Co.,
;
5489
(7)6,897,369
In Ontario,
Royal Tr.
To 1906
N.Y., Central Trust Co.
Feb. 2, *03,4%
N. Y. of., 40 WalL
do
Feb. 2, '03,4%
do
taxes, nor oan
(3) OPERATIONS OF WHOLE 8T8TEM.
Tear end. June 30, '02.
Gross.
Net.
Oth. inc.
Tot.net inc.
Great Northern Ry. .$28,397,135 $13,268,998 $1,460,458 $14,729,456
Eastern Ry. of Minn. 4,:'38,929
457,445
2,454,088
2,911,533
Montana Central Ry. 1,787,052
634,047
62,268
696,316
Will. A Sioux Falls Ry
1,520,293
600,383
28,280
621,«62
Dul. Water.APao. Ry
45,888
172
46,054
88,847
Organization- Incorporated
3.
J.
J.
Feb.
Feb.
J.
J.
J.
1938
1911
1,
1,
I
|To FeD. 1,1906
N. V. Central Trust Co. Jan. 1, 1950
Skcurities.—There are no fixed charges on the property other than
any be placed thereon, or the property be sold or leased
without consent of 75 per cent of stock. Class A debentures are entitled to 2^ per oent Interest, if earned, then common stock to 2^ p.c,
then the two share ratably but after 5 per cent has been paid on both,
olass B bonds are entitled to all surplus earnings. See V. 61, p. 471.
Dividends—
(1898. 1899. 1900. 1901. 1902. 1903.
3
4
4
Class "A" deb., p.
1
2h
2»s
2»s
4
4
1>«
3
Stook.p.
( ....
2>s
Report for year ending Deo. 31, 1902, In V. 76, p. 702, showed;
OPERATIONS OREAT NORTHERN 8T8TBM PROPER.
Tear end. June 30.
1900.
1902.
1901.
5,249
$36,032,256
$17,003,398
&
Nassau Street. June
N.Y.ALon., BaringBros July
Green Bay
(1)
Av. miles operated
Gross earnlnge
Net earnings
P. 0. of exp. and taxes
A
A
3.
3.
J.
J.
History.— A reorganization June 5, 1896 (per plan In V. 61, p. 471),
of the Green Bay Winona A St. Paul, sold in foreclosure May 12, 1896.
1901-02 was given at length In V. 75,
for
See also editorial,
g.
D. N. Y., 32
A J.
A J.
FAA.31
J. & J.
4^g
M. A S.
8* A. A O.
700,000
to
against $39,963,213 in 1901-2.
Annual Report.— Report
5
6 g.
300.000
1,182,550 7i2ln'03
700.000
4
2,712,800
2
Ac
100
....
1883
1881
5g.
•4,397,000
50
....
1853 500
A
&
g.
g.
5
118,000
274,000
6
2,500,000 4 Feb.'OS
600,000 4 Feb.'03
7,000,000
200.000
6
5,250,000
6 g.
749,500
6 g.
75O.0O0 5 A 6 g.
434,000
5 g.
5.000.000 See text
100
1896
1896
5
5
4,(i02,0OO
i.obo
1,0(0
1,000
Earnings.— Great North'n system (lncl. St P. M. A M., East of Minn
and Montana Central) Julyl to June30, 1903, 12 months, $41,679,101,
p.
3,646,000
500,000
117,495
1
1
total deductions, 8157,4 17. balanoe, snrplat
President, Pierre (Jarneau, oiiebcc. i-t Vice Prest James MoNausht,
i, 642, 853, 705.
35 Nassau St., N. Y.—
A
Gulf A Inter-State Ry.— See Supp. f >r Oot, 1902 V. 76, p. 48.
Knl A Snip Island RR.— (Se« Map. )-Owns from Gulfport on
;
1
Mississippi Sound, Gulf of Mexioo.to Jackson, Miss., 1605 miles;
Columbia, 4875 miles, and Saratoga to
The road was extended
total, 251 miles.
1900, the entire llnebeln^- operated from Sept,
Laid with 60, 05 and 75-pound steel rails, for
former of which 7.">-lb. rails are beinir substituted. Important harbor
Imjirov incuts are being constructed at Gulfport, including an extensive system of docks, piers, etc.; also a channel 7 miles long extending to deep water. A brauch from Mendenhallto Columbia 60 miles.
Charter is perpetual.
Is under eonntructlon.
Stock.- Capital stook, $5,000,000 (par of shares, $100) nil outstandTrust Co. under a voting trust; J.
ing and deposited with N. Y. Sec.
T. Jones, Harvey B. FUk ind Oliarlos K. Meekinan. voting trustees.
July, 1 p. c
Dividends.— In Apr., 1808. 1 p.
Bonds.— Of the new 1st 5s ($5,000,000 authorized), $2,750,000 were
used to refund the old bonds (only $16,000 of the latter being nowoutBtandlng), the remainder being i-Hiiableas follows: $1,000,000 to complete the terminals at Oulfport. $500,000,forneweiiulpineiit and
000 for 75 lb. raUsI and other improvements to roadbed and structures. A sinking fund of one per cent yearly aooralng from Jan. 2,
1805, may purchase bonds at not exceeding HO, but the latter cannot
Sec V. 7 1. p. 436, and application to list, V. 74, p. 1257.
Dfl drawn'.
i:\HNiNQ9.-For 11 months ending May 31.
sur.
Clinrqti.
\,t
(i-osi.
11 mo*
$103,623
$17\517
$579,140
IP02 3. ...$1,665,460
887,438
400.2:17
1901-2
162,E
1,260.107
branches, Maxle to
Laurel, 41-75 miles;
as above In 1899 and
1900. V. 69. p. 1011.
A
;
.
miles),
Report.—Report for year ending juneSO, 1902 (2
was given at length In V. 75. p. 1 ();•!». showing. gros«, $1,374,684 net
over taxes. 8184.170: obarges, 8176,811; bal., surplus, $258,859.
Prea.,j7r Jonas, Buffalo, N. Y.— (V. 70, p. 864; v. 77, p. 88 >
*out \t\\ culern R). — V. 7(5. p. 751.
Halifax
Iliirrlinan A Norllu-nwleri Ity. — Harriman to IVtros. Tenn.,
88 miles, [n Jan., 1908, entire stook acquired in the interest of the
Cincinnati. New Orleans A Tex. Pao, Uv hut will be operated separYear to Mar. ;u, 1902, gross,
stock. $600,000.
ately V. 76, p. 167
881,805; net, 888,081; charges, $l8,ooo.-<v. 76, p. 212.)
Ilnrllord A Connecticut \V.«tcri> ICy.— Owns from Hartford
Conn., to llhlnecllir, N. Y., 109 mil.w. and from Tarlllvlllo. Conn., to
14 miles Leased mi August 1840, to th* Central
Mlttim
per annum
-i 2 per oent
agland Ry., the rental paylng'i
on the stook. Of the stook $1,390,100 is owned by lessee.— (V. 76, lp.
;
A
.
..
July,
1908.]
RAILROAD (STOCKS AND BONDS.
i
.
64
INVESTORS' SUPPLEMENT.
KAILROAD8.
Date
For explanation of column headings, Arc,
on first pane of tables
Bond. Boide Value.
Eock TMOojOK.&H.O.&C.lstM.g.gu.red.llOaril
Con.Co.il
1
st
$1,000
1,000
1,000
1900-1 Various
l.OOn
1902
M.,$3,5O0,0O0,g gU.8f.'06,red.ll0af.'12S
1892
192
192
1893
1870
1890
1890
1890
1900
453
453
453
58
103
Con. M., 1. ft., g., it'll, at 110, int. guar. F.c.tr.
Gen. M.,goid,int. guar., end. ,*s.ooo paid M
Waco A- N.W.Dlv., let M.,g.,$25,OO0 p.m.Ce
Austin A- Northwest., 1st M., g., gn.p A LRIp
Ft Worth A New Orl., 1st M. (Wax. to It
C.Tex. A N.W., 1-t M.. go. B. l'ae. (Gar. to \Vax.)F
Euiilimjiton <£ Broad Top— Common slock
Preferred stock. 7 per cent, non-cumulative.
1st M., extended hi 1890 (Int. onlv in gold). .OF
2d M.. old 7s, extended in 1895. p. A I., g.)...GP
yd mortgage, oonsoL. ext. in gold In 1895 4. p.o"
Consol. car trust, $68,000 due Oct. 1 yearly
14th ser. ear trust, {
ly Dec. l.PeP..
Iberia d Vermilion— 1st mortgage
Illinois Central— Stock, $95,040,000
Leased line 4 per cent stock, guar, (see remarks.)
41
12
'
64
64
64
64
64
16
^?
.
U
1,000
1.000
1,000
100
100
1875
1875
6s
m ™* „, (Sterling lids, olddueext, In 1895
Sterling bonds,
1905
At r!l 4s of 1886, due
gold.... o*
iiVnnnnnnJ
$15,000,000
50
50
500
500
1854
1857
1865
1 896
1899
1893
1951.
3^8 of 1886, due 1951, g...CAr
3s of 1895. due 1951, goid.cwr
3»*sof 1903, due 1951, gold...
706
4200
4200
L886
air
6
8
ii"
f
equally.
u
>
1,000
1,000
1886
1895
*200
1,000
1903
II. nder-on Hrldffo Co.— Owns bridge across Ohio R. at Henderson. Kv.. and 10 miles of road. Stock la $1,000,000 (par, $100), of
which the Louisville A N'ash\ ille Co. hold < about $«30,000, a part also
belli-' In Bridge Co. treasury (V.73, p.960). The Bridge CO. Is guaranteed
fross receipts of $200,000 per year by the several roads using It and
ividends of 2k> p. c. were paid each F. A A. to Feb., 1901.
No
dividends since! to Apr., 1903. V. 73. p. 391. See olliclal circular.
v. 7:;. p. 444. Protective measures V. 73, p. 723. $403,000 bonds
For year 1901-2. gross, $220,926; net,
In sinking fund in Oct., 1900.
$195,185; other deductions, $171,035; divs., $25,000.-(V. 75, p. 342.)
Hlbernla
Min.
Kit.—Owns from Rookaway,
Millie
N.J. .414 m. Leased to Cent, of N.
-.
J. In
N.
J.,
to Hlbernla
1890 for $12,000 per an.
Hock ni; Valley Hallway— (Set- Map,)— This oompany owns
line from Pomeroy, O.. to Walbridge, ()., 250 miles, with traokage (Penn. BR. System) Walbridge to Toledo, 6 miles; branches to
Athens, NelHonvilie, etc., 73 miles; leases Wellston A Jackson Belt
Ry., MeArthur Junction to Jackson, 18 miles; total. 347 m.; 2d track,
25 in. In Oct., 1902, acquired all the securities of Zanesvllle & Western Ry.. Columbus to Shawnee and Zanesvllle, <>., witn branches, a
total of 126 miles, or which about 40 miles Is held under lease or
trackage rights. V. 75, p. 906.
History, Ac— Successor on Feb. 25, 1899, per plan in V. 68, p. 231,
to the Columbus Hock. Valley A; Toledo By., sold under foreclosure
Feb. 24, 1899. V. <;s,p. 231, 379. The coal lands, from which the bulk
of the company's business laderh ed, aggregate about 20,975 acres, and
are covered by the new oonsoL mortgage. In Dec, 1899, acquired
control of the Toledo A Ohio Central Kv.. by purchase of entire issue of
$8,421,000 Middle States Construction Co. collateral 3s, which are
secured by deposit of the entire stock of the Tol. A Ohio Cent. Ry.,
except $54,100 common and $11,600 preferred (See V. 69. p. 1345),
but that road is operated separately. See Stock below.
I
main
C—The
preferred stock
is
As
Hubject to call at par.
common stock, see below.
Era-In July, 1903. a block of
of block of
to sale
the stock deposited
with J. P. Morgan under agreemem ..1 Dec.. 1903 (V. 75, p. 1301), waa
sold to five railroad oompainlea, said to be the Pitts, cm. Ohio. A Bt,
Louis (tWO-BlxthB interest), and Bait. A Ohio, Ches. A Ohio. N. Y Central and Brie (each one sixth). This block included over $5,510,000 and
possibly most of the $11,000,000 common stock, the owner- recall lag
$103 per share above all expenses, v. 76, p. 1301; v. 77. p
Dividknd.h.- On pref., 1900, 8i« p.cj 1901 to July, 1908, lnol , 4 p. 0.
per annum. On com. July, 1901, to July, 1908, tncl. 3p. c. per annum.
Bonus.— The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to 96,274,000 prior bonds, have a first
lien on all the coal lands $6,274,000 consolH are reserved to retire
the existing bonds (th
an bonds, however, may be exlanded at maturity) and $5,6 15,000 for the acquisition of new property
and betterments, of which $3,667,000 sold In 1899-1903. v. 72. p. 33-;
V. 74, p. 1038; V.76,p. 1192. Substantially all of the bonds and stock
of the Ohio Land A By. Go. and the Wellston A Jackson Kelt Ry., 18
miles, are deposited under said mortgage. Description of bonds In V.
23.
Guar ai
Hooking Coal A Coke Co. bonds.
71. p. 271.); also Continental Coal Oo. bonds.
(V. 75, p. 407,
987.) Thecal- trusts of 1902 co\er 8,020 foitv-ton gondola oai
7 1. p. 1196; V. 75, p. 741.
»r 11 months eliding M,iy 31:
\-i.
nth me.
11 mot.Charges.
Balance.
$1,53-. i:(2
17.262 (930,083
1901-2
1,792,120
1,846,910
1.
359,787
867,052
.Hie la mostly freight, and over 80 p.o. of this is
anncai. Hi
bituminous en;:
Average tram load is large -in 1902, 678 tona.
Beport for year ending June 80, 1902, waa given at length In V.
editorial. p. .07.
76, p. 727, 74
l'.toi 02.
1S99-00.
1900-01.
Gross eanilngs
7.267
,286
2,641,207
•.
•
Ho unto
11
Kant
BT.
:
1
July
1,
1951
do
do
Feb. 1, 1952
Metropol. Tr. Co Apr. 1, 1904
Various.
To Julv, 1908
Y.,
Nov.*03-M\M2
Holyoke, Mass.
Deo. 31.
Jan. 1,'03, 2%
A s Bost..01d Colony Tr.Co. Sept. 1, 1922
M A N. N. Y., 120 Broadway. May 1, 1933
M. A N.
do
do
May 1, 1933
M.
A
A
J.
A.
Houston, T«
Central Trust Co.
do
do
do
do
N. Y.. Cent. Trust 00.
do
do
J.
.V.
0.
0.
A
A
A
N.
.1.
A
.V
o.
J.
J.
A-
.1.
A
J.
A
A
o.
A.
0.
1912
1921
1930
July
1941
Dec. 31, 1925
Oct. 1. 1911
Oct.
J.
A.
Annually.
July 1, 1937
Y.,
A.
M.
J.
A.
F.
A.
A.
A
J.
V.
.V
A
A
M
it
A
J.
A.
A
J.
J.
A
<*
A.
.1.
.1.
N. V., 120
May
Broadway.
do
do
do
do
do
do
10,
Feb.
1.
1920
1925
Mch.31.1925
Pliila.,Merchants'TTU8t Oct.1,'03-1906
To Dec. l.'ll
D. Penn. Co. for Ins
A. X.V.So.Pac.Co. 120 B'y Aug 1943
H. N. Y., 214 B'way A Lon. sep. l.'C3. 3%
J.
do
do
July, 1903. 2%
,
London.
O.
Apr.
1,
1951
D. London, Morton, C. A Co. Deo. 1, 1905
J. New York, 214 B'dway. Jan. 1. 1951
do
J.
M A
H.
A
().
A.
1,
1,
1,
1.
Apr.
Phll.Of.,4thAWaluutSt. July24,-03,2l«
do
do
Julv 24, '03,31a
do
London.
Jan.
A Weat Texan Hy.— Owns
1,
Mar.
I,
Apr.
New York & London.
1
1951
1951
1P51
from Houston, Texas,
to Sabine River at Logansport, 191 miles, where it connects with the
Houston A Jshreveport RR., Logansport to 8hreveport,39 miles. Reorganized in 1896 without foieclosure. Bond issue limited To >3,000,000. Stock $1,920,000, of which $1,905,000 was ownedfby So.
In May, 1903, the Rock Island Co. acquired a hall 'Interest In tin
V. 76, p. 1084. 1407. In 1902-3 a dividend of 16 p. a waa paid from
moneys received from the reorganization committee In adjustment
of accounts.
The Southern Pacific Oompany has guaranteed
$2,199,000 of the bonds, principal and Interest, by indorsement, rethe right to redeem the bonds at 105 and Interest at any time
serving
on six months' notice; guaranty, V. 70, p. 841; see also V. 71, p. 236.
For 9 mos. ending Mar. 81, 1903. gross, $685,861; def. under oper. exp.,
For year 1901-02, gross, $901,$9,679; int., taxes, etc ., $118,135
420; net. $188,659; other Income. $3,424; charges, $159,878; bal.,
eur., $32,205.
(V. 76, p. 1084, 1407.)
1
Houston
Texan Central Hallroad.— ( See Map
Ac.
of Southern
Pacific)— Owns from Houston, Texas, to Denlson, Texas, 338 miles,
Hempstead, Tex., to Llauo, Texas, via Austin. 215 miles: Bremond to
Boss. Tex. ,55 miles Garrett to Fort Worth, 55 miles; other branches,
30 miles, total owned, 692 miles.
History.— Successor April 11, 1893, to a railway company foreclosed Sept. 8, 1888. Reorganization plan V. 45, p. 792. 820. On Aug.
22, 1901, various controlled lineswere merged, including the Austin A
Northwestern, an extension of which from Burnett to Lampasas, 23
miles, was completed Nov., 1902. V. 72, p. 4«0, 821; V. 73, p. 137,
491. Litigation, sec V. 74, p. 680. In 1903 the Rock Island Co. ac-
quired a half interest in tue stock. V. 76, p. 331, 1407.
Bonds.—The bonds are being gradually reduoed with proceeds of
land sales. The first mortgage was for $8,634,000, of which $570,000
reserved against claim of State of Texas upon 75 miles of the road.
The 80. Pac. Co. guarantees interest on all bonda. The first mortgagt
bonds and the consolidated mortgage bonds may be called for redemption at 110 with proceeds of land sales. See full abstracts of all the
mortgages in V. 52, p. 242. Of the $5,068,OOOconsolidated 6s authorized
$1,149,000 (not included In the amount outstanding above) are held aa
part security for the general 4s There were also
000 Lampasas extension Interim 5s. Htock. $10,000,000. of which the
So Pacnic Co. owned +9,596 000 par, $100; one-half
acquired in May, 1903, by the Book Island Oo. V. 7o. p. 1084,1192,
1407. In 1902- 3 a dividend or 6 p. c waa paid out or aocuin
surplus. V. 76, p. 1407. As to school fund claim for $673,100, see
;
V. 64, p.
1137
;
V. 66, p. 471; V. 70, p. 686.
LaitdS.—The lands June 30, 1902. held for cancellation of 1st and
oonsol. mortgage bonds, consisted of 2,446,843 acres; land coi
outstanding were $1,431,867. V. 65, p. 869.
LatkbtEaknh.- IOuios. ,1902-3 ..Gross, $4,557,687; net, $1.1
4,452.234; net,
$ 1901-2.. .Gross,
July 1 to Apr. 30.
For 9 mos. ending Mar. 31. 1903, groBB, -1.1-4 1.018; net,
int.. taxes, etc., $698,328; bal., BUI
other income. $15,444;
er income,
In year 1901-02, gross, $5,156,171; net. $1,
$37,011; total charges. $1,003,074; balance, surplus. $572,228. In
1900-01, groea, $4,958,892; net, $2,004,821.— (V. 76, p. 1198, 1407.)
Hudson A: lYInnlinttaii llll,-V. 76. p. 705. 752, 11
Huntingdon & Krond Ton ;nt. ttlt. A Coal Co.— Owns from
Huntingdon, Pa., to .Mount Dallas, i'a., 45 miles; branches, 19 uillea.
I)i\— '91. '92. '93. '94. '95. '96. '97. '98. '99 '00. '01. '02. 1903.
1
....
5
5
4>a 4
On com. 2 4
7
6
5 5>a 7
5
6
On pref.
Annual Rki'out.— Report forl901 was given In V. 76, p. 911
000
77 77 77
Interest.
Ac'.
(irons.
1
>
Dividend.
Vork.
-
1.298,303
1,440.000
250,000 2 In 1902
250,000
5 g.
5 g.
2.199,000
501,000
5 g.
See text.
6
5 85,800,000
2,826,000
6g.
4 g.
4,287,000
6 g.
1,105,000
1,920,000
B g,
709.000
6
180,000
6
1,371,750 5 In 1903
2,000,000 7 In 1903
416,000
4 g
367,500
4g
1,497.000
g
272,000
i
263,000
4
322.000
6
95,040,000 6 in 1903
4
10,000,000
2,500,000
4g
1.000,000
5 g,
1,500,000
4 g
2.499.000
3»s g
£500,000
3 g
3>« g,
$3 000.000
1,00
1,000
1,000
1.000
1,000
1,000
1,000
1881
1
l
ii.OOO
1,000
1,000
1,000
Whom.
-
227,000
100
25
g J. A J
2
5 g. F. .V A.
6g Q.-J.
5
Various
4*2g M. A N.
$2,750,000
Bonds— Prinol— pal.WhenDue.
Where Payable, and by 67oete-Laat
or dividends.
When
nnUrun.in.,. Rat* P er Wnen
Payable
Cent.
1901
1902
1894
Car rru-i bonds and scrip, r. f., red. at par, g.rfl p
Equip, notes, payable monthiv
Car frosts, gold, $80,000 semi-annually §.....
Eoosac Tunneld Wilmtnaton— Stock
1st mortgage, $250,000, goiii.on
Eou.it. K. ti W. Turns— \ gu. p. A- 1. by So. 1*. I n
1st mortgage, gold.. ( not guaranteed
&.— state of Tex. pr. lien Lai 7
Eon*
1st M.l.gr.g.red.llO.lnt.gu. $2.250,000 pd.Ce
i„t
Par
>:E8T
Size, or
of
of
net-
LXXVII.
[Vol.
-
1002
$106,190
1846,606
Divid'nds,
$120,1
Jialanee.
119,416
-
lot .. 190
100,000 sur. 117,775
324,964
lliOl
754,633
(V. 70, p. 168, 831, BIO; V. 77. p. 146
Salt Mine Jet. to Abbeville, La., 16
Iberia
l.oulslOownedbj
miles. Stock, $300,000, of wb
101-02,
lanaATexas KK. a Steamship Co. (So.
bal., sur., $26,816.
gross, $70,606; net, $48,847; int.,
—
I
A Vermilion Hit.—
1
Net earnings from
opi-r'n.
.$'_',
Other Income
0-7,1 92
501,519
7,972
$1,776,060
295,388
1,084
Total available income... $2,591,741
Fixed chargeDividend* on pi ef erred
1)560,000
Dividends on common
$2,071,448
902,900
'.Olio
<
(3'v).13(),000
324
tu
IHInola Centra] itii.-ovr im;i.)- Boao.- operates tromC
southerly to New Orleans, I. a. .912 mile-, and west
111.,
509 miles, with numerous branches. It- road, clearly shown
on the aooompanj Ing map, is made up as Collowa (flu blol
Rood own* <i a
139iv. Line (Ohl<
Chicago to Cairo, 111 1 ,,,
City, la.,
:
1
,
surplus.
lent,
N. Oott,
<
>'.
$738,548
..
m
olumbuaj Bee. and
olumb
Tn
-(V. 76,
II
ml:
W.l.i
p.
ill'
26
..
8. Will in
V. 77, )..::0.)
I
972,
1
192;
Tunnel A
It.
oad from lln -in* Tun
payable June 30, 1902, $21,000.
1,392;
i
$5,000.
Diva, in 1896,
1
r,
(
Wilmington
ii
Kills
A-
....
706
] :,,'.,,
p. c.,
HoiimIoii iieaiinioiK a
I'.
\V.
'i.llllulil
II It
.— N AKKow (iADOK.—
Wilmington, \'t., 25 miles.
Barnlnga for feai 1901-02,
ro
cbarges, $13,168; dividends
in 1897 to 1902. inolaalve, a p,
Now Orleans It). V. 76, p.
(2
0.
1
p.o.),
yearly.
Grenada. Miss. 100
Val. RB.
and brs. 1,096
da Alton A Terre 11... 239
to
I
730
'
Bwlta City to Bfflagh'm,
Springfield to E Bt Louis,
111.
II
Mem., Ten.,
f.
Bionj OJtl
III..
Hlckoj
r.ii
Eael
alia. 111., to
la
Dubuque,
Dubuque
88
Memphis
to N. O.
re ttOCk oir/K
88
(V. 71.].. 517I
Acquired Oct., 1901,
Peona, I1L, to Evansvllle,
Dad., with 6 Dl. branch V.
78, p. 891,665)
Control owned.
Leased.
'
(t.
892
Branohea
Chicago A Texas (Sept. '97)
..
80
1
go St. L. A- N. O. RR.
Cairo, 111., to New (Mi.
Line U) L'UlsN
(C. O. A- B.
W.
bribes)..
<,
ayaten June 30,1902.5,386
Of which earns, kept separate—
I
Va/oo A Miss.
547
614
Ille, el.
>v
861
Vail.
RR
1,096
Total included In earns.
July
1,
1902
4,284
—
July,
RAILROAD STOCKS AND BONDS.
i903.j
*«t
/
-.
MAP OF THE
HOCKING VALLEY
RAILWAY
65
i
)
66
INVESTORS'
SUPPLEMENT.
LXXVII.
[Vol.
MEREST OR
Ho?id*--Prlnoi-
DIVIDENDS
RAILROADS.
,
Miles Date Size, or
Amount
Par
of
of
For explanation of column headings, Ac, see notes
ontstandimr Rate Per When Where Payable, and by
""^standing CeQt
Whom.
Payable
Road. Bonds Value.
on first page of tables.
Illinois
Central— ( Concluded >—
Trust bondssterl. (see. bvCh. St. L.A-N.O. con- I »
1st M.,Sp.Dlv. ret ni., (V 66. p. 1'237) g.Ua.xo*£r
1st M., Middle Dlv.,Otto to Norman Juno. A brs.r
Collateral trust bonds, cold, $
UM*Ar
Cairo Bridge bonds, gold (see remarks) .. Us. e\tr
Col. trust, $25,000,000, g.,on L. N.O.A T.Ua,0*«r
0"*r
Western lines, Is' M i.IJi
St. L. Dlv. A Term'l M., $1 0,000,000, g. Is.xo'.tr
Do $5,O00,000(8eeV. 65, p. 1173),g.,re.x.o*<fcr
Loulsv. Dlv. .V Term. M. $25.000,000, g.Cw.xo'&r
Chicago 8t. Louis e\ New Orleans, 2d mortgage..
81 8,000,000), gold, Int. guar.ctr
S Consol. M.
.,
i
(Do
guar. p.
A
1
Memphis
Div. 1st M., g.,gu. p. * 1. (end.).U«.o*
Div., 1st M
*., *\000,000. lie
0'
Lltohtield Div., 1st M., it. $4,000,000.F
Omaha
,
111
131
857
798
218
239
553
567
567
567
100
130
98
1886
1897
1881
1888
1892
1892
1894
S1897
1897
1897
1877
1881
1897
1889
1900
1900
i
*200
266,000
000,000
968,000
000,000
000.000
000,000
425,000
377,000
939,925
688,000
80,000
$1,000
1,000
500 Ac.
1,000
500 Ac.
1,000
500 Ac.
1,000
500
Ac
1,000 all ,289,000
1,000
359,000
1,000
,500,000
1, COO Ac
,000 000
1,000
,148,000
Underlying St. Louis Div. <£ Terminal oonds.
100
St. Louis Alton A T. H.— Stock <not held by IlUn ola Ce ntral).
1,000
17 1883
Bellev.ACarondelet, lstM.,Belle.toE.C.,gold.e
1,000
51 1880
M. (I.e. owns $100,000)0'
Bellev. A El Dor., 1st
1,000
.Tle.o"
30 1886
St. Louis Southern., 1st niort., gold
1,000
17 1887
Carbondale A Shawneetown 1st M., g old. .o'
Iowa Falls A Sioux City— See statement of Dub uque A Siou x City.
1,000
89 1901
Illinois Southern— l»t niort., irold, $2,000,000. EC.
100
Indiana Illinois dt Iowa— Stock. $6,000,000
1,000
203 1900
1st mortgage, gold, $12,000,000, gold.lC....o&r
80,000
470,000
88,000
538,000
241,000
.
a
A
A
A
Illinois Central HH.-(Concll'I)li.).
Deo. 1, 1899, took over portion of St. Louis Peoria A Northern
Ry. from 8pringtleld to East Rt. Louis 111., i>8 miles. V. 71, p. 547.
RR.
extension, Tara Station,
The Fort Dodge A Omaha
near Fort Dodge, la., to Council Bluffs, la., 130 miles, was parchased by the Dubuque A Sioux City RR. on June 16, 1900,
and leased for 50 years to the 111. Central for its net earnings above
interest on 111. Cent, bonds issued thereon (see below). V. 71, p. 547
During 1900-1 various branches of Yazoo A Miss. Val., aggregating
90 miles, were completed, and in Nov., 1902, Lake Cormorant to
Tutwller, Miss 68 miles, was completed, and several others were
under construction Branch from Reevesville, 111., to Golconda. 15
milt s, was opened December, 1902. In Apr.. 1903, extension was reported to be proposed from Brilliaut, Ala north 90 miles to Tennessee,
,
Alabama line.
The stockholders
voted on Oct. 16, 1901, to acquire the former
Peoria Decatur A Kvansville Ry., Peoria, 111., to Evausville, Ind., 244
miles, previously operated bv IllinoisCent. as agent, with 6-mile branch,
the cost to be represented by a new bond Issue. V. 73, p. 391, 665.
The Kentucky Western Ry., Blackford to Dixon, Ky., 18 miles, was
purchased In Dec, 1901. V. 75. p. k71. In Jan., 1902, obtained conTerminal Ry. V. 74. p. 151. In Feb., 1902,
trol of the Omaha B.
purchased the Cecilia branch, 46 miles, formerly leased. V. 74, p. 326.
&
History, Leases, Ac— Chartered In December, 1850. The oompany
pays to the State of Illinois 7 per cent (In 1902 $911,365) of grow
of the 706 miles owned in fee yearly in lieu of taxes. The Chicago St. L.
A N. O. is leased for 400 years from July 1,1882, at 4per cent per annum
on its $10,000,000 stock deposited to secure the leased line slock.
Capital Stock.— The leased line stock is secured by deposit of
•10,000,000 Chicago St. Louis & New Orleans stock, and In oase of
default for sixty days on any semi-annual dividend of 2 per cent, the
stockholder Is entitled to his share of the stock pledged. (V. 6i, p. 1071.)
Early In 1901 the stock was increased from $60,000,000 to $66,000,000, in Nov., 1901, to $79,200,000, and in Aug., 1902, was further increased to $95,040,000. to provide additional equipment and facili8ee V.71,p 1066; V. 72, p. 241, 282; V. 73, p. 82. 138, 666; V.
ties.
74, p. 1308 V. 75, p. 77, 498. The new stock was subscribed for at par
pro rata r»y shareholders of record. Of the stock, over a majority is
now held in America, $8,000,000 being owned by the Railroad Securities Co. See page 1 1 8 of this Supplement. V. 71, p. 698, 779.
;
1885. '86. '87. '88. '89. '90. '91 to '99. 1900. '01. '02. 1903.
Com. stk. S 8 p.c 7>a 7
7 5"j 6
5 y'rly.
5 1*
6
6
6
Bonds.— Main Line $15,000,000 mortgage of 1874 covers property
described in V. 63. p. 76. The $3,100,000 first mortgage sterling 5s,
which matured April 1. 1903, were refunded into 3*28, the latter
retaining their llrst mortgage lien on the main line. V. 76, p. 654.
Cairo bridge bonds are secured by deposit of a like amount of Chicago
St. Louis A New Orleans 1st M. Cairo Bridge 5s.
The rental for ihe
bridge Is $180,000 in gold annually, of whioh $30,000 goes to a contingent and sinking fund till 1902, then $20,000 to regular sinking
fund. 8ee adv. In Chronicle, May 7, 1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago
Bt. L. A N. O. consols of '81, and are to be Included in any new mortg.
The collateral trust bonds of 1952 are secured by pledge with the U. 8
Trust Co. of New York of $16,350,000 5 per oent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are seoured by pledge
of the securities of the Loulsv. N. O. A Texas (now Yazoo A Mississippi
Valley RR.), Including all the $16,900,000 1st mortgage bonds, except
$68,000. ill the 69, 101, ooo mortgage incomes and all but $96,000 of
the $10,000,000 land grant income bonds. See adv. In Chronicle, June
DlVlB.
)
11,1892, and V. 54, p. 904 V. 61, p. 112.
For the Chicago St. Louis a Veto Orleans the lessee guarantees the
principal and interest of all the outstanding bonds prior to the 5a of
1881, and by an endorsement on the latter bonds guarantees the
payme.it of the Interest on the same until the prinoipal Is paid. Of
these consol. 5s $5,266,000 additional to the amount outstanding above
security for the 111. Central trust bonds of 1886. The 3»«8
are plegcd
of 1897 aregiiar,, p. a- I., liy endorsement— see guaranty, V. 65, p. 1071.
The Western Lines loan of imih Is for $10,000,000. but $4,575,000
bonds can be Issued only when the road from Iowa Falls to Sioux City,
184 miles, now subject to {2,800,000 of Iowa Fulls A- Sioux City bonds
(see Dubuque ,v Sioux Cit> KR.Mlueln 1917, shall he transferred to
the trustee without enonmbranoe. Bee Supplbh anT of Jan., 1899,
The St. Louis Division .( Terminal bonds are for $15,000,000
authorized, of which (5,000,000 are three per oenta; $:i, 500,000
wen issuable for Improvements, equipment, etc, and Bl .tnu.ooo'are
held (0 retire 81,400,000 Underlying bonds still outstanding on the St.
Louis Alton A T. II. system; see table aho\ e. Bee ii I>»| rm-l of mortgage in v. <;c., p. i :ih. Bee also v. 86, i>. 188: v. 71, p
ZomittUt* Division •( Terminal mori. Is for 825,000,000; of the bonds
•1,1 12. ooo are reserved to porohaMthe i6 miles (Cecilia branch) from
Ixiulsvlllc ,V Na.-hvllle and to retire the L. A- N. bonds thereon; $2,500.000 for new additions or extensions. Chicago St. Louis A New
Orleans took title to the Louisville Division and loins In making mortalso Hi pp. of .Ian., 1899.
§age. See V. 66. p. 1 .'{6. for ii l>«< rn<
V.
5,0.867,516; V. 86, p. 188; V. 67 p. 681; 7. 75, p. 671.
The Omaha Divition mortgage covers the former Ft. Dodge A Omaha
RR.. Tara to Council BluffB, la.. 181 miles. V. 71, D
of the 14,000,000 Litchfield Dlvlfionbonds,$l,000,000 were reserved
V. 71, p. 547, 646.
for Improvement*, etc.
;
M
I
;
Stocks— Last
Dividends.
London, Barin gBros.
York, 214 B'dway.
do
do
do
4 g.
do
i
do
A
do
4g.
do
do
4 g.
A
<v
do
do
4 g.
3>«g.
do
do
A
A
do
do
3 g.
3»« g.
do
A
do
do
6
A
do
do
do
5g. J/fADrj
3iflg. J/jAD/j
do
do
do
4 g. J. A D.
do
do
do
3 g. F. A A.
do
do
3 g. J. A J.i
3»* g. J.
3i*g. J.
5
F.
2k
6g.
J.
J.
J.
4
4
M.
M.
g.
g.
4 g. A.
,025,000
,000,000 4 in 1903 J.
4 g. J.
,850,000
J.
J.
July
New
1,
1950
Jan. 1, 1951
1921
1952
1950
1953
Nov.
1951
Aug.
1951
July
1951
July
1953
July
1907
Deo.
June 15, 1951
June 15, 1951
Deo. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
Aug.
Apr.
A.
Deo.
1,
1,
1,
1,
1,
1,
1,
1,
1,
July,'03,li«%
A J.
do
do
June 1, 1928
AD.
do
do
July 1, 1910
do
do
A J.!
Sept. 1, 1931
do
do
A 8.
Mon. 1, 1932
do
do
A 8.
A O Equitable Tr. Co.,Chlo. Oct. 1, 1951
& J. From Treas. of.. Chic. July 1,'03,2%
A J. N. Y., Gr. Cent. Station July 1, 1950
I
!
In addition $5,266,000 consol. 5s are pledged to secure Illinois Ce ntral collate ral trust bonds
On
pal, When Due.
of 1886.
General Finances.— In 1902 the stock was Increased to $95,040,See paragraph headed "Cat ital Stock" above.
During 1903 the remainder (122 miles) of the main line between
New Orleans and Chicago will be double- tracked. V. 76, p. 48.
Earnings.— 11 mos., $ 1902-3 Gross, $4 1,09 *, 5 16; net. $12,397,905
000.
.
July
May31.
12,040,927
Is held
at Chicago the third Wednesday in October. Advauoe statement for
1902-03 (partly estimated) was in V. 77, p. 144. Report for 1901 02
was published at length in V. 75, p. 663, 670. See also editorial, p. 638
The following does not include Yazoo A Mississippi Valley.
190'2.
1901.
Fear end ng June 30—
1903.
Miles operated
4,284
4,265
$7,327,742
Passenger earnings
$8,020,649
(
)
24,876,339
Freignt earnings
-45,145,400? 27,710,782
4,696.379
Mail, express A miscellaneous
5,089,599
(
$4O,*21,03O $36,900,460
Total earnings
845,145,400
25,841,792
31.731,000
28,014,340
Operating expenses
$13,414,4oo *12.8o6,690 $11,058,668
Net earnings
3,535.109
2,476,575
Net reo'pts from interest, Ac. > , ,,. onn (
a ' 7ao
28.608
16,679
Miscellaneous
\
S
Total receipts
$16,650,300 $16,35t,4!)6 $13,563,851
Deduct
(
$3,015,365
$2,930,925
Interest on 111. Central b'ds... i
[nt.onChl.8t. L.AN.O.b'ds...
2.413.251
2,421,090
505,161
533,913
Rental Dub. A Sioux C. RR.... ,$6,360,000 {
507,525
507,525
Net rental St. L. A. A T. H. .
*452.738
Miscellaneous
126,732
)
I
Divid'ds on Ill.Central stock. .t6i5.702 400 (6)4,752,000 (6)3, 780,000
Balance, surplus
$4,587,900 fl$5,038.462 H$2,937,660
*Inoludes $250,000 pension fund, $145,238 rent of Peoria dlv. etc
$2,395,000 in 1900-01
1T Includes $4,340,172 betterments, against
and $654,329, accrued Interest on bonds, payable after July 1.
Yazoo A Mississippi Valley —Results on 1,095 miles in 1901-2;
edit.,
1,057 miles in 1900-1. See report at length, V. 75, p. 606, 617
p 579. Deoision holding company liable for $600,000 baok taxes, see
V. 75, p. 1086.
Cross.
Feai
Net.
Other inc. Interest, etc.
Bal., tur.
1901-02. ...$6,587,355 $1,882,419 $47,752 $1,064,417
$865,754
1900-01.... 6,127,942
2,069,691
695
1,004,306
1,066,079
Surplus In 1901-02 as above, $865,754, all paid Sept. 1, 1902, to 111.
Cent, as owner of entire $9,104,C00 Loulsv New Orl. A Tex. 2d niort.
Income bonds on account of arrears of Interest ($4,879,507) on July
1, 1902; $1,016,079 paid from earnings of 1900-01.
1 to
>
1901-2.. Gross,
37.520,712; net,
Annual Report.— Fiscal year ends June 30. Annual meettng
i
^w
—
|
.
.
I
I
;
—
Officers.— President, Stuyvesant Fish; Treas., E. T.H.Gibson; 3d
Vice Pres. and 8ec, A. G. Haokstaff. 214 Broadway, N. Y.
Directors.— Walter Luttgen, John W. Auchincloss, J. T. Harahan Charles M.
Beach, Cornelius Vanderbilt, Stuyvesant Fish, Ktfward n. llnrrtman. John
Jacob Astor. Charles A. I'eabody, Jobn C. Welling. W. Morloi (iruinell. K. W.
Goelet, and ex officio, Hon. Klchard Yates. Gov. of Illinois.
-(V. 76, p. 1399; V. 76, p. 48. 654, 752.; V. 77, p. 1 44, 146.)
Illnola Southern By.— Owns Chester 111., to Salem, 111., 84 m..
and Sparta to Rosborough, 5 m.; traokago, centralis to Branch Jot., 3
total, 92 m. Successor June 1, 1900, of the Oentralia A Chester
RR., foreclosed. V. 70. p. 1048; V. 71, p 29. Friends of the company
are building an extension, under tht- name of Southern Missouri Ry.,
from Little Rook Landing to Bismarck, Mo., 43 tulles, to be completed
m
in
.;
summer of
1903.
Stook, $2,000,000, all Issued. Year ending June 30. 1903, $148,823.
For year ending June 30, 1902, gross. $115,133; net. *28,409; int.
and taxes, +3>*. 141; bal.. def., $9,732. President, J. W. Walsh; Treasurer A. F. Williams; Sec and Auditor, C. F. Welnland, 204 Dearborn
St..
Cliioago, III.— (V. 75, p. 549.)
Indiana Decatur A Western Kv.— Merged in August, 1902
n Cincinnati Indianapolis A Western RR.— V. 75, p. .39.
Indiana Illinois* A Iowa l» It .—Owns from South Bend, Ind.,
to Seatonvtlle, 111., 192 miles, with branches, 18 miles; trackage -'catonvllle to /caring. 8 miles; leased for 50 yeart- from Feb. 23, 1900, the St.
Joseph South Bend A Southern KK., south Rend, Ind., to Bt lo-cph,
Mich., 39 miles; total, 251 miles. In 1902 the Lake Shore A MicliUan
Southern Rv. pnrohaeed $-1,773,200 of the $5,000,000 stook. V. 73, p.
13"(;
;
V. 74, p. 41.
l)ivn>KNDS.-Oct., 1900. to Jan., 1902, inclusive, 1 p. c quarterly;
July (semi-annual). 2 v. c; 1903. 4 p.c (J A J )
BOHIN. Of the $12,000,000 lst4sof 1901 $7,500,000 were Issuable
only for new property and Improvements; of these, $350,000 wire
leaned In 1902 for new equipment, side tracks, etc. V. 71, p. 1299; V.
73, p. 87.722; V. 74, p. 1251.
Karninos.-H months, ) 1902-3.. Gross, $1.5*7,889; net, $438,173
July 1 to May 81.
( 1901-2.. .Groes,
1,562.241; net. 411,481
surplus overcharges. $242,007, against $251.7.11 In 1901-2.
Kakninos.- Report for ycarctid June 30. 1902, was in V 75, p. 1198,
showing: gross, $1,700,817; net, 8475,888; Interest, taxes, rentals,
8207,784; dividends (4 p. c), $200,000; balance, surplus for year. $67.616. In 1900 1. gross, 81*416,265; net, $494,191.- (V. 7.">. p. 1198.)
I ndla iiapolln
I'nlou It).— Owns 3 miles of track, 93 of a mile
of road, with terminals at Indianapolis, Ind., and lenses for 999 years
the Belt RR. of Indianapolis- 12»« miles (which see).
,
—
/
KA1LKOAD 8TOCKB AND BOND8.
July, 1903]
MINNEAPOLIS^
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ILLINOIS CENTRAL
SYSTEM.
I
INVESTORS' SUPPLEMENT.
6S
KA II. ROADS.
Miles
For explanation of column headings, Ao., Bee notes
on first page of tables.
of
Ko.id.
93
tndianapolis XJn.— 1st M., g., s. f. not Bailable PPi
133
Indianapolis <f rinnonnw int M.. gu. p. .t L(end.)c.
Interborough Sapid Transit— Hlm\(, $35,000,000..
1.007
International <£ Ureal Northern 1st inort., gold
—
o" 1,007
2d inorti.-Hi.-o, gold F
3dM.($3,Ooo.oo<)i(form'ly lne.),g.lnel.scnp He o* 1,007
Colorado Bridge bonds, sinking fund. V
Interoceanic By. o/JfSXMO—OWL shs., £1,700.000.
Preferred Btook, 7 per cent, cum., £1,000,000...
Pr. lien deb., sub), to call at par aft. Hob. l, '97.
Date Size, or
»
t
of
Par nmlV^Hn,, Kate P" r
Bonds Value. OutbtandinK Cent
p ayaole
$940,000
1.700,000
Bee text.
>00 Ao. 10,742,000
1881 500 Ac.
9,842,000
1892 500 Ao.
8,721,052
1880
1,000
198,000
£10 £1,700,000
1867
mm
1888
1901
1,000
1,000
100
.s'(.
"54
112
112
Jaeksoiiv. Southeast. 1st M., Jack, to Litehtleld..
..P»-Po*
1st consol. mortgage, $050,000, gold
Inooine M, gold, nnn-cuni., $1,650,000. .PeP
Jacksonville Tcr. — 1st M., $500,000, g., gu ITIp..o*
L. E — 1st M.,$750.000.<o.o."
Jamestown Chuul.
Jefferson— let A 2dMs,ext. In '87A'89 (H'daleBr.)o
1st M.Carbondale to 8. depot, g., gu.p. A l.FP.o*
Joliet rf Northern Indiana— 1st M. gu. p. Al. M.
Junction ( Philadelphia h-1st m.,guar.p.Ai.(ext'd).
General mortgage, gold, coupon, $750,000
tLanaw.dt Mich.— 1st M.$15,000p.m.g.gu. p.il.Ce.c*
"a
<S-
8
37
45
Co
362
362
164
1880
1896
1896
1894
1901
1867
1889
1877
1882
1900
1890
1,000
i.ooo
1,000
1,000
1.000
1,000
1,000
1,000
1,000
Formea in 1850 and rurnisnes terminal facilities to the several
railroads entering Indianapolis. Capit.jll— The Cleveland Cincinnati
Chicago A St. Louis, the Pittsburg Cincinnati Chicago A St. Louis and
the Terre Haute A Indianapolis are virtual proprietors, they having invested In it $861,817 to June 30, 1902. No stock outstanding.
Earnings 1901-02, gross, $660,207; net, $161,147; other Inoome,
$12,843; charges, $98,132; balance, surplus, $75,858.
I ndla nil poh- A Vincennea Kit.— Owns from Indianapolis, Ind.
to Vlncennes. 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Securities.— Stock, $1,402,000; par, $50; of which Pennsylvania
Company on Jan. 1, 1903, owned $1,401,900. The $1,400,000 guaranteed 2d 6s were purchased by Penn. RR. V. 72, p. 490.
Net.
Interest, etc.
Balance.
Freud. Dec jr. Oross.
1902
1901
—(V. 70,
$770,214
709,434
$201,564
168,000
$83,514
123,245
def. $118,050
def. 44,755
p. 739.)
Interborough Rapid Transit Co.— Incorporated on May 6,
1902. in New Y'>rk, and acquired the stock of the Rapid Transit Subway Construction Co. Will operate tne rapid transit tunnel railroad in New York City. This road is expected to be completed early
in 1904 as a four-track line from the City Hall (with the two track
loop at that point), under new fc-lm sit., Fourth and Park avenues, to
42d 8t., thence under 42d St. and Broadway to i03d St.; also as twotrack lines, partly viaduct, (a) from 103d St., on the West Side, to
Kin k'sbridge Station, <b) from 103d St. to the East Side and Bronx Park;
extension south from City Hall under Broadway to the Battery and
under the East River via Fulton & Flatbush avenues to Atlantic
Avenue, Brooklyn, there connecting with the Long Island RR., is
under con miction, to be completed by 1906; total to be about 65
miles of track on 25 miles of road.
Leases Manhattan Ry. for 999 years from Apr. 1.1903. See that co.
Contracts.— Contract with city calls for the construction of the
road from City Ball north lor $35,000,000 and its lease to the company ior 50 yean from completion, renewable for another 25
year-*, the rental to be equal to the interest on the city's bonds issued
for construction (hut not for ea-ements, etc.) and a sinking fund of
1 p. o. rearlj to retire the bonds, beginning 5 years after the road is
placed in operation, provided not less than 5 p. o. per annum is then
earned on i he stock. The company must also at Its own expense pro\nii the electrical equipment, contracts for which will aggregate
$16,000,000 Tor contract see v 69. p. 1088 The extension from City
Hall, Manhattan, to Brooklyn, is to be built without aid from city except about $3,000,000, and leased for 35 years with privilege of renewal for 25 years. V. 75. p. 30, 184, 1086, 1202. Bee V. 76, p. 101.
STOCK.-Stock aut., $35,000,000; par of shares, $100. V. 75, p 1301.
VOTING Trust.—The stock is ueld in a voting trust for 5 years from
May 12, 1902, E. Mora Davison, B. Hamburger and Charles B. Ludlow being the voting trustees.
Earninob.— Estimated yearly earnings at the outstart are, gross,
$7,500,000; net, $1,125,000; interest on N. V. City bonds, $1,295,000;
bal -in.. $2,830,000, or over H p. ft on the stock.
Direc roas. — William H. Baldwin Jr., Morton F. Plant, August
Belmo' t, Andrew Freedman, James Jourdan. i, B. McDonald,
Gh
Oaknian, John Peiroe.Geo. \v. Young. Wm. A. Read, Cornelius vander
bllt, New York; E. P. Bryan, Bound Brook, N.J, and Gardiner M.
ane,
Boston.
1*1. snieiit. August lieimont;
vice President, k i' Bryan; Secretary,
vacant; Treasurer. John I'. Buck
Olliccs. 5 Park How Bldg., Westem Union Bldg. and 28 Nassau St., N. Y. (V 70, p. 503, 705.)
International A Great Northern RR. (AM Map Missouri Pa
ati, i. — l.oiikr\ lew 00 Tex. A 1'iic. (near Shroveport, La.,) soutliv.
to Houston anil Cal\ e-ton, also to Laredo, Tex., on Mex. National BB.
end from Spring northerly to Ft Worth.
Miles.
Line* owned
J'•int trackage—
Miles.
Long\ lew, Tex., to Laredo
494 Galveston Houston A Hen.
Palestine to Houston, Tex
150
50
(Jointly with M.K. AT)
Ml lien a, Columbia, etc.,
Other lines
26
branches
102
Total system Jan. ,1903. ...1,083
Port Worth to Spring
261
Ou(i,\M/.A ion. Beorganlxed without foreclosure In 1892 under plan
In V. 54, n. 208, 866. Btook authorized is $25,000,000; outstanding
000s par, $100; controlled in interest oi tfo. Pao,
On Kay 1,
1901, the Calvert Waoo a Braaoi v. By., In operation from Marlln to
Bryan, 66 miles, was merged, and was extended In 1901-03 from Mar
lin north to Ft. Worth and from Bryan soul h to Spring, 22 miles
h
oi Houston, making through line HOUStOO DO II Worth 280 W
72,i> 872. A* to projected extension to New Orleans, etc., see v. 75
V. 76, p. 480; V 7I.P 1088. or these, branch from N.
to M ad son vi lie, 47 miles, was under construction in July, 1003.
Bonds.—The second mortyaye Interest, soali d to '• peroent, until and
including Sept. l, 1897, is now 5 peroent; but In
tultthe
to 6 p. o, as formerly.
V. 78, p. 446.
In July, 1902, equrpment
ate, Lnolud Int.,
18. payable monthly to 1908.
m.s. Jan. 1 to June 80, gross,
In 1908; In 1902,
$2. '27i, 27-1. Report for the year endii g Deo. :n was in v. 76,
p
(irnss.
Net,
Other inc.
Ohargee,
flalanoa.
1902...
113 $1,888,988 $10,092 *$1,379,5«9 sur. $14,511
1901
5,148,092
1,827,488
L1.966 l l,221,249 but.
118,148
Ohargi - In 100J above Include about $101,171 for new equipment
In 1901
V. 70, p. 480, 6i», 654, 1030.)
>, p. 981, 1864;
.
w
I
\
|
1
I
I
I
|
i
i
I
i
i
i
-
•
M.
M.
M.
M.
g.
g.
g.
4
7
£10 £ 1 ,000.000
£50 Ac.
£400.000
100
100
503
541
F.
6
5
100
£100
£100
£100
A
&
A
A
A
A
A
M&8
5
J.
4
£699.886
£469.459 37 ie ln'00
£1.150.000
4H»
Whom.
Dividend.
N. Phila., Fidelity Trust.
A. N. Y.,Fann. L.ATr.Co.
May
Feb.
1,
1,
1926
1908
N. N.Y., office, 195 B'way.
Nov.
1,
do
do
Bee remarks.
N. N.Y., offloe, 195 B'way,
Sept. 1,
8ert, 1,
1919
1909
1921
1920
J.
Mob.. 31,1912
8ept. 15,1950
Sept. 15, 1950
8.
8.
London.
15
May
1,
1950
|
JAD 15
London.
Jan. 1, 1984
in '00 M. A 8. N. Y. office, 25 Broad St. Mar. 1/00.1 *•
Us
a D. N. Y., Mercantile Tr. Co. June 1, 1938
5 g.
Mar. 1, 1951
4 g M. A 8.
July 1, 1910
J. A J.
See text.
6
A. A O. Phila., Penn.Co. for Ins. Oct. 1, 1925
Jan. 1, 1935
None paid.
S* J. A J.!
5 g. J. A J. N.Y., Guaranty Tr. Co. July 1, 1939
4g. J. A J. N. Y., Contin. Trust Co. Jan. 1, 1951
4»s A 6 J. A J. Phila., Fidelity Tr. Co. July 1, 1927
N.Y., Erie RR.
Jan. 1, 1909
A. A O.
J.10&J. N. Y.,Farm. L. ATr.Co. July 10, 1907
4i«
July 1, 1907
J. A J. Phila., Bread St. Bta.
do
do
Apr. 1, 1930
3>a g. A. A O.
Apr. 1, 1990
4 g. A. A O. N. Y., Central Tr. Co.
£400.00(1
5
1,800
5,674,-.
M.
4>«g.
7
None.
1,000
p. c.
IstM. for87,650,000,g.(ab8tr.,V.49,p.582)nie.o'
Refumi'g M-, $25,000,000. g. See text ,TI<»..o*Ar
Louis— Stock Trust Certificates.
Jacksonville if
lxxvii,
huuUs— iTlnciUK8T OR DIVIDENDS.
pal.WuenDue.
NV1 "' 11
Where Payable, and by Stocks— Last
deb. stock, sub. call, par, £1,150,000.
Deb. stock, 7% "B," subj. to call. 1V0, nou-cum..
Second deb. stock, red at 105 after 1911. text
Mex. K. deb. stk., £450.000, guar., red. 1 05 beg.'14
Iowa Cent.—Common stock, $11,000,000 auth
-cum
Preferred stock, $7,400,000, 5 p. c,
Four
rvoL.
00
7,64!',000
.1.
2,000,000
1,500,000
300,000
350,000
1,582,000
500,000
600,000
300,000
2,800,000
800,000
425,000
300.000
2,469,000
Interoceanic Ry. of Mexico, Mm.-See page 170.
Iowa Central Ry.— (See Map) —Operates Peoria, 111., west to Oskaloosa, la., thenoe northerly to Albert Lea, Minn., forming a through
line via Minn. A St. Louis RR. from Peoria, I1L, to St. Paul, Minn.
Miles.
Leases— {stock otcned.)
Miles.
Owns—
la. C.&W., Belmond to Algona. 37
Iowa June, 111., to Manly Jo.,
340 Track, Iowa Junet'nto Peoria. 3
Iowa
Branches to Belmond, etc
151 Manly Jot.. la., to Albert Lea,
14
Minn, (owned Jointly)
Total in earnings July 1, 1902
558
History.— Reorganization (by plan in V. 44. p. 653) of the Central.
Towa sold in foreclosure In 1887-88. In June, 1900, Minneapolis A 8t.
Louis interestsobtalned control through purchase of the common stock;
the two properties are operated in close connection. V. 70, p. 1249.
Capital Stock.— The preferred is entitled to 5 per cent (non-cumulative), then common to 5, then both share pro rata.
(V. 62, p. 548.)
DrvTDEND8.—On preferred stook In 1892 1 p. c; in 1899, 3 p. c; in
1900, 1 ^ p. c, none since. V. 71, p. 258, 342.
Bonds.—The refunding 4s of 1901 are secured by a mortgage on the
entire property now owned or hereafter aoquired, subject to the $7,^50,000 first 5s, for which an equal amount is reserved. In 1901
$2,000,000 were issued to retire the $555,000 Iowa Central A Western
5s and the $591,000 Keithsborg Bridge €s (the latter oalled for payment on Deo. 1, 1901,) aud for improvements and equipment. The
balanoe are Issuable for future extensions at not exceeding $25,000
per mile, improvements, equipment. V. 73, p. 901.
Earnings.— 11 months, ) 1902-3. ..Gross, $2,229,872; net, $427,851
July 1 to May 31.
2,336,017; net, 410,877
S 1901-2. .Gross,
Annual Report— Fiscal year ends June 30; report for 1901-02
In V. 75, p. 1198, 1206. Soft coal tonnage in year 1901-02 was 7si0.443
(42 p. c. of total tonnage). Ton-mile rate in 1901-02 was 0668 oenta,
against 0709 oents in 1900-01; train-load 1901-02 218 tons.
1899.
1902.
1901.
1900.
Tear ending J unc 30.
513
506
510
Miles oper. June 30
558
jiross earnings
$2,543,350 $2,284,123 $2,325,919 $2,120,575
559,719
Set earnings (over taxes)
437,549
387,514
551,459
rot. net reo'ts (inol.rents)
574,694
506,929
438,757
566,780
390.806
387,203
431,709
Interest, rentals, *o
504,014
Dividends on preferred
(3) 170.024 (JP«) 85,005
ww
*$2.915
$7,049
$5,950 $102,482
on Iowa Central & Western stocks and bonds in
Balance, surplus
•Adding
profit
cost ($201,623) makes surplus for year $204,538.
President (July, 1902), Edwin Hawley— (V. 75, p. 1 1 98, 1206.)
Iowa
Lonta ItR.— Acquired in Maroh, 1903, by the Chloago
Burlington & Quincy BB. (V. 7b, p. 654, 752.)
Jacksonville A- t I. LouU Ry.— In June 1 902, the Chicago Burlington A Qujncy acquired practically all securities.- (V. 74, p. 1308.)
Jiii-kmiiivlllr A- So ii tli Western KR. Jackson vllle to New berry
Fia.. 88 miles, operated July, 1900; extension, Newberry to Manatee
Springs, Buwanee River, 20 miles, under construction Jan.. 1903.
V. 00. p. 80.
Bonds reported to bo outstanding. $300,000 tlrst and
$200,000 second Ob. due July 1, 191 1 Michigan Trust Co of Grand
In .lulv. 1903, Change of control took place.
l-aplds, Mich.. Trustee.
10,736;
V.77,p.89. Year ending June :io. 1901 (86 miles
-co. and Gen.
net, $37,086. President. 0. M
Mgr E. S. Bpenoer, Jacksonville, Fla.-(V. 77, p. 89).
Jacksonville Terminal By,—Owns union freight and passenger depots [lhe latter opened Feb. 1 1896.] and terminal properties at
Jacksonville, Flu., Including 20 miles of track, used by Savannah
Florida A- Western. Seaboard Air Line, Jacksonville St. Augustine A
Indian River (now Florida Hast Coast By.), which companies guarantee by endorsement the principal and interest of abOT« bonds, and
own the entire stock. Georgia southern a- Florida K\ also uses depot.
For \ear 1001-02. gross, 9112,663; net, $10,375; other
V.71,p.i::5.
Lnoome,999,813; deductions, .+34,021. <v. 71, p> 135.)
>i
AM.
—
,
,
.
Jamestown Chautaneraa A Lake
icrlo it y.—Jamestown,
'_'ti'->
miles; branch to Falconer, 3^ miles;
Weetfleld, 11 miles, was oompleted In June.
to
incorporated In Sept., 1900, and purchased
total. 11 miles,
l:»0'^;
the stock and about 96 per cent of the $260,000 bonds (5s| of the
Jamestown A Chautauqua By. and entire stock of Thautauqua steunnboatl o. operating 11 steamers on Chautauqua Lake. Stock. $600,000,
For year ending June 30, 19()2, railroad earnings
all common.
kioss, $69,841. against $60,730 In 1901; net $17,046 against $1
Gha a (V. 76, p. 219.)
oharges, $8,867. baL, aur., 913,679. Pres. i'.
N. v.. to
Ohantanqua,
extension, Mayvilio
<
L
Jefltorson int.— owns Lanesboro, Pa., t<> Oarbondale, Pa., 37
double track; branch, llawley, i'a., to llonesdale, Pa,, 8
Leased In perpetuity to the Krle RR. Co. for $140,000 per
miles.
annum for main line and $14,940 for branch. Used by Delaware A Mudsou to reach Carbondale. Stock. $2,005,150; all owned by Krle KR.
Joliet A Norllieru Indiana It It. —Owns Joliet. 111., to Lake
Ind., 15 miles.
Operated as part of the Mlohlgan Central sysd to the Michigan Central. Stock
Boad opened In 18
($300,000), all owned by the Mien. Cent., carries dividends of 2>a per
I
cent per
annum.
Junction
Ferry,
I'a.,
(V. 70. p. 752).
It It.
(Philadelphia).—Owns Belmont, Pa., to Gray's
Leased for 50 years from Maroh 1,
about 4 miles.
KAlUfiOAl)
STOCKS AND BOND&
flt>
INVESTORS'
SUPPLEMENT.
[Vol. LXXV1I.
—
c
July,
;
RAILROAD STOCK- AM)
1908.]
RAJJLBO U."
-
Miles Date Size, or
Amount Rate per
Par
of
For explanation of column headings, Ac, see notes
Of
Outstanding
Cent.
Road. Bonds Value.
on first page of tables.
Ktn.O.Belt— let ($534,000 gu. K.C.F.8.AM.). IV B.o"
Kan. Oily Vtin. <t Spring.—1st M., g., guar N It
Pleasant nil .v De Soto 1st mortgage, gold > it
K.
Ft. 8. & Mem KK. MM.,;, .i--niii.il. Ml
10
174
Bef. M., $60,00 (.000, *., gn.p.4 i.imi-1. x •»! i-.o- Ar..
L'M'I ,1-VIS.. Hi '-M>K. C. F. 8. A G. 1st M., I'll. gr.,s. f., dr'n at 110 o*
Ho'easteru A M. 1st M., dr'wn at 105.0*
Ft. Scott
0"
Mom plils K. A' Col. st
"'
Kansas A Missouri KK. 1st mortgage
K. C. F. 8. A M. KK con. M 1*25,000 p.ni.)NB.C
Current Klv. KK. 1st M., $20,000 p. m., guar.*
Kan. 0.A M. K'y A B'iIkc lst.M.g.,s.f.,dr n at 110.0*
v-uar., s. f., red. at 110.
Kansas Kuulp
call lit par
1-t M
Ft. Hoott Equip. Go
Ozark Bquip. Co.lst M..gu..$1.000.000,oallatpar
K. C. Mem. A Hlr gen.M.. $4,500,000. our oil o'
Inc., non-ciim. To be Stamped— see text. OK.
•767
160
103
50
26
719
•
<
1
I.
.
M
B
,
81
3
1
,
Blrm.
B«-it 1st
M„
v,
,
,
red.
102 >*,
gap
Ad
OB
end
285
16
0*
Memphis Kqulpiiiciit Co.. guar., rod. at 110
Kan. ci'iy Mrs. J Orient l-t M.. g., $22,500 p. m
if EU
Kan.
1st M., #3,000,000
Kansas Oily Southern— 8 took, com.. 880,
,000
1
,
/;-
•
'
Pref. stock, 4 per cent, aon-oum., *Ji.ooo.OOO...
.ne..o'
1st mortgage, K old, $3o,oO0.0i<0
....
1
When
OK DIVIDENDS,
pal, When l>ue.
Where Payable, and by Stock*— Last
Whom.
A
Dividend.
Boston, Of., 50 State
July
Oct
«
g.
g.
g.
A.
1901 1,000*0
14,100,000
*g.
A.
A
O.
NY., Mercantile Tr.
Co.
Got.
1,
1936
1879 100 Ac
1HS0
1,000
2,151,600
7
7
7
J.
.v
D Boston, Old Colony
Tr.
1,
M.
A
June
Boot
1908
1910
1910
$1,000
1,000
500
1,000
1H*4
1882
1888
1887
L889
1889
1899
1900
1894
1894
1902
1890
1900
1903
1900
(tl
i.ooo
6
a571.0OO
4.(2,000
1,000
i.OOO
1,000
1,000 fl3,73(i.OOO
1,006,000
1,000
b3,000,000
1,000
1.000
1,000
S 00,000
1.000
- to. 000
1,000
3.323.300
500 Ac.
500 Ac X6.325
1,000,000
d 1-9,000
i.obo
1,000
5
7
1 ,500,000
30,000.000
21,000,000
29,999,500
J.
5
M.
M.
5
4 g.
6
See text.
i
1
t
To be b
3
g.
May
F.
J.
J.
1899, to Phlla. WUm. A Bait.; lessee to pay fixed charges, keep road
Stook
In repair and nay bond Interest and 6 per cent on stock.
$250,000; (par $50), mow all held by Phil. Bait. A Wash, and the Peun.,
V. 68, p. 428. Dividends— in 1891, 40 p.c, In 1892, 35 p.c. in 1893,
30; 1894, 15; in 1895, none; 1896. 15 p. c; 1897. 10 p.c; 1898, 20 p. c;
since 6 per cent yearly under lease.— (V. 68, p. 428.)
Kanawha A m<
Corning,
Ky.-
(See Map Toledo dt Ohio Central.)—
hlirini
to (iauloy on the Chea.
Ohio, 177 miles, less 18
to Gulllpolls, and 1 mile, Athens to Armltage, where
().,
A
miles, Pomoroy
Hook. Vol. Ry. tracks are used. Also owns branch of 11 miles leased
to Toledo A Ohio Central and Col. Sandusky A Hooking Ry. companies.
History, Etc.— Reorganization In April, 1890, of the Kanawha A
Ohio Railway sold in foreclosure. (V. 50. p. 451, 483.) In Oct., 1890,
large Interest In the stock was aoqulred by the Toledo A Ohio Central,
a
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
165. 351.) Capital stock $10,000,000 ($1,000,000 in treasury July.
1902). The tlrst mortgage bonds arc limited only to $15,000 per mile
of road constructed. Apr. 30, 1903, car trust 5 p o. notes, payable
monthly, $1,608,603; special equip, and betterment loan, $575,000.
Latest Earns.— 11 mos.,) 1902-3 ..Gross, $1,133,882;
net,
$103,825
July 1 to May 31.
1,021,783: net, 818.169
s 1901-2.. Gross.
Def. under 11 mos. chges., $71,090 In 1903,agst. sur. $96,776 In 1902.
Anndai. Statkm BUT.— Report for yearl901-2. In V. 75, p. 728, showed:
Grose, $1,096,359; net, $244.1 55; other income. 87.148; Int., taxes, etc,
8174,948; balance, surplus, $76.355.— (V. 75. p. 666, 728.)
VTeaicra int.— (V. 70, p. 864,919.)
KaaiaiOltT Beatrice
Kit iixii- (It) Kelt It)-.— From Argentine to Valley of Blue River, 10
authorized #2,500,000
miles.
Stock
(par,
outstanding
$100);
owned one-half by Atchison Topeka
{500,000 (par. $100);
Santa Fe and three-tenths by Kansas City Fort Scott A Memphis and two-tenths by Chicago Milwaukee A St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
from 1888 to C M. A St. Paul and Atchison Top.
8. Fe (Jointly with
other companies) for payment In each oase of 3 p. 0. per annum of
ooet of property used with equal proportion of oost of conducting
A
;
A
transportation and maintenance according to wheelage. The mort
fage Is for $2,500,000. For year ending June 30, 1902, gross, $340.40; net, $191,413; interest, taxes, etc., $155,043; hal.. sur., 886,870.
Kaii«ii» City Clinton A Sprlnjrlleld It > .—Owns from Olathe.
Kan., to Ash Grave. Mo., 154 miles; Km more Jet. to Pleasant Hill,
Mo., 8 m.; Arcadia, Kan., to 8t>rlngf eld. Mo 85 miles (acquired Sept .,
1901 from Kansas City Fort Scott A Memphis RR.); total, 247 miles.
Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft Scott AMem. RR. (old co.) Under purchase from K. C. Ft. 8. A M., $2,000,000
six p. c. bonds of that oompanv, were guaranteed. For year ending
June 30, 1902, gross, $307,374: net, 886,781 other Income, $41,237
Interest, $273,660; bal., def.. $146.692.— (V. 73. p. 236, 723.)
Tlemphln Ry. (See Map of St.
Kanaaa City Fort Scott
Louis <t San Francisco Hailroait <t>ini«u>y.)— Operates road extending from Kansas City, Mo., to Memphis, Tenu., and branches,
854 miles. Including trackage 85 miles from Arcadia to Springfield,
Mo., owned by K. O. Clinton A Sprlngtleld Ry.(whloh see above). Also
has a controlling Interest In stook of the K. C. Mem. A Blrm. RR.,
owning line from Memphis, Tenn., to Birmingham, Ala with branch,
285 m., and of Kansas City A Memphis Ry. A Bridge Co., owning bridge
across Mississippi River at Memphis, 3 miles. Total, 1,142 miles.
Organization.— Incorporated on June 14, 1901, and is vested with
the property of the former Kansas City Ft. 8. A Mem. Railroad other
than the 85 miles from Arcadia to Springfield, sold to the Kansas City
CUnton A Springfield; also controls other mileage. V. 72, p.1237. 8ee
V. 72, p.4*8, 532. 675, 988. The St. Louis A San Franolsco RR. owns
the entire stock and leases the road, guaranteeing the bonds of 1901,
principal and Interest, and 4 p 0. on preferred stook trust certificates.
Stock.— Common authorized, $45,000,000; outstanding, $15,000,000, all owned by St Louis A San Franolsco RR The pref. stook,
($15,000,000 authorized, of which $13,510,000 Is outstanding, par
$100) Is deposited In escrow, and against it are Issued trust certificates
of the St. L. A San F. RR.,the latter having the option to retire the oertltleates at any time at par, and obligating Itself to pay oft the whole
Issue In 20 years from date, meanwhile obligating Itself to pay quarterly dlvs. of 1 p. 0. thereon, beginning Jan., 1902. See V. 72. p. 1238.
Bonds.—The refunding bonds or 1901 (limltea to $60,000,000) are
to be secured by all property now owned, or hereafter acquired with
the proceeds of the refunding Issue. Of the bonds, $11,650,000 were
subscribed for In June, 1901, about $31,025,770 were reserved for
exohange against the face amount of underlying bonds, $3,000,000
for refunding purposes, $5,000,000 for improvement*, betterments
and new equipment at the cumulative rate of $600,000 per annum,
and the residue, as well as any bonds not used or required for refunding purposes, will be reserved for Issue for additional lines and extensions, at not exceeding $22,500 per mile thereof.
As to guaranty on
bonds of 1901. see "organization" above. V.75, p. 853.
In 1902 the K. C. Ft Scott A Mem. Ry. guaranteed the Interest on all
except #538,^00 of the $5,1*23.280 Kansas City Mem. A Hirm. income
bonds, beginning Mar. 1, the bonds so guaranteed being stamped with
a provision making them subject to call at any time within 10 years
from Sept. 1. 1902, at 95 and interest V .74, p. 477, 577.
The Birmingham Btll bonds are guaranteed, principal and interest,
Jointly by the Kansas Citv Memphis A Birmingham and St. Louis A
A San Franclsoo. V. 75, p 1147.
.
,
;
A
,
1,
1
i
do
do
Kept
do
do
do
do
AUK.
A N V. V., Mero.Tr. A Bost.
Boston. Old Colony Tr. Oct
I.T. Tr. Oo
Oct
1,
A
Jan.
1,
July
i.
M.h.
Mch.
1.
Oct.
l,
S.
1
J.
J.
6
5
4
St.
do
Mo.
:.ouls.
5g.
5
J
O. Boston, Old Colony Tr.
do
M
6
5
A
A
A
A
X
A
A
A
J
Tr.
J.
do
N.
do
do
do
S.
New
Co
do
do
do
do
1,
1.
1
'
1929
1H05
\.l
York.
A. Boston, Old Col. Tr. Co.
J.
J.
1,
A UK. 1.
1950
MO
1934
1884
L88J
1905
Jan.
1,
1953
Apr.
1,
1950
eld in v otlng trust for 5 years.
A.
A
O.
N
Y.,
Merc. Trust Co.
Includes (a) $4«6.000. (b) $154.C00. (c) $200,00 0, (d) $69.00 0, held a live In slnkl ng fund.
v Includ es $2,00 0.000 assumed by K. C. CI.
x Ail except $501,7>-0 are fixed-Interest bonds; coupo ii- MA 8. V. 7 1. p. 829
* A.
in.Oority of stock of Kan. City If. A HI nun ., 285 nlieSi .i ml provides for retire ment of Its bonds.
Owns
1916
$2,050,000
3,192,000
58,000
2,000,000
1886
1885
1877
85
1
1
71
IJONDS.
A
8p.
Kkiikt.—The earnings of the combined properties (Including also
those of the K. C. Clin. A Springfield Ry not owned) were (later earnings are Included with those of St. L. A 8. F.):
Set.
Oth. tnc.
Orosi.
Charges.
I'eai
Hal., sur.
1900 01... $8,840,857 $3,427,913 $77,087 $2,o54,983 $1,450,017
irom surplus as above were paid In 1900-01 dlv. on Kan
A Mem. pref. (8 p. c), $219,984; dlv. on common (1 p 0, $395,920
Int OH K. 0. M. A B. Incomes (5 n.c). $316,803; charged off, t 63.032;
leaving final surplus of $454.219.— (V. 77. p. 30. 146
KuiixanCity Memphis. A- lllrml ii^liain It It. —See Kansas City
Fort Hcott A Memphis Ry. above.— (V. 7o, p. 1147
Kanxaa City Mexico A Orient UK.- (See Map.)- Projected
to extend from Kansas city. Mo., to I'ort Stilwell, Max., on the Gulf
of California, about 1,500 miles.
In. Ian., 1903 work was In progre-- along the entire distance from Kansas City, Mo, to Sweetwater,
Tex about 650 miles, of which 100 ml'e- from Harper, Kan., south,
were completed, and aiiout 200 miles In Mexico w-re under construction; but Of the latter 30 miles east from Hurt St ll well completed;
track-laylngwas In progress In Kansas, Texas aud Mexico, ami It was
expected the entlr<> road would be completed within three years.
See V 76, p. 1858. The 'hihuahua A- Pac .completed from Chihuahua
to Mlnaca, 125 m.,used as the southern portion of the line, under a
ten-year trackage agreement, the concessions for building the uncompleted portions of the line (see V. 71, p 181) having been transl
to tins company. V. 73, p, 602. See prospectus In V. 75, p 1253.
In Mar., 1903, operation was begun between Wichita Kan., and Carmen. ). T.. 106 miles, of which Wichita to Milton, 81 miles. 1- Mi-sourl
I'aeillc trackage, under temporary arrangement.
The Kansas City Outer Kelt A Electric KK. (see that company below) will, when completed, afford terminal facilities and an entrance
into Kansas City. V. 76, p. 3 31.
,:itiks.— The company Is to issue the following stock and bonds
to rover each mileof completed road and equipment, viz.: $22,500,
tlrst mortgage 4 per cent gold bonds, running fifty years from their
dale, Interest payable semi-annually (but probably Incomes for the
first three years) and $20,<'0
per mile each In common and non-cumulative 4 per cent preferreid stock, and in addition $2,500,000 bonds
for extra work In the Sierra Madre Mountains. V. 75. p 1253. Stock
s held in a voting trust for 10 > ears or more.
Pres., A. E. Stilwell.
OrFICKBS.— President. A. E. Stilwell: 1st Vice "res.. Enrique C. Creel; 2d
Vice Pr— 1 \V W >vl\ enter; Md Vice-Pros and (Jen. M«r.. Knwnrd Dickinson;
Secretary. Neal 8 hi. run: Tren»., w. a. Bale. Executive Oommttec
K. I,.
M.tlm (Ohairni*' ), Edward UicklDSOn, W. 8 Wood*. W. A. Uule. A. E. Stllw.
mill \V W. -yivei-ter. Other directors Include George J. (Joulil, Warren
G l*urdT»nd J. T. Odell.
— (V. 75, p. 184. 666, 907, 1037. 1202, 1253; V. 76, p. 331.)
Kansas City North wewlern
Entire stock, $4,016,000
(par «loo), and $2,983,000 "B" bonds were purchased in Nov., 1900,
by Mo. Pa<\ Ky., which see; also Slit, of Jan., 1903. For year 1900-1
(on 174 miles) gross H426.877; net. $109,591 other Income, $1,441;
deductions, $78,636; balance, surplus, $32,396.
Iviiii-ii- City Outer
Kelt (Steam) A Flo* trie gl. J*HM
Map )— This company Is constructing a belt line road at Kansas City,
the train line, double track, being 7 miles in length, extending from
No Kan-as ci'y to the Kaw Valley on the west, with bridge across the
Missouri Kiver. Will afford an entrance into Kansas City for the Kansas
City Mexico A Orient Ky., ami connect with the various steam roads
entering that city. Arrangement- are also proposed with certain projected suburban electric roads.
Incorporated in 1002 by interests
friendly to Kansas City Mexico & Orient Ky. V. 75, p. 1 84] V. 7tt, p. 331.
Si
ihities.— Stock authorized. $2,250,000 each of common and 4
percent preferred. The stock will be held in a voting trust of ten
members until the full dlviden shall have been paid on the preferred
for live consecutive year- 800 V. 78, P SSL Of the $3,000,000 authorized 1st gold 4s (see table above) $1,500,000 have been sold; the entire
cost of con-truction and equipment was estimated at not over $2,000.000 In bonds, leaving balance for extensions and Improvements.— (V.
75, p. 184; V. 76, p. 331.)
Kantiaa Oltjr Southern Ry.— (.See .Vn|i.|- Operates a line extending from Kansas City, Mo., to Port Arthur, Tex., (thence by It*
shin canal 7 miles to deep water on the Gulf of Mexico), with branches
and extensive terminals used by various roads entering Kansas City.
Lines oirned
Miles.
Lines oicned—
Zixies.
Kansas City, Mo., to Belt Jet.. 12 Branches to Fort Smith, De
Grand View, Mo., to Port Ar45
Q dncy, La., etc
thur. Tex
765
Trackage-To Gr'd View, o. 11
Total
833
Organization.— a reorganization of the Kansas City Pittsburg A
GulfRR., foreclosed Mar. 19. 1900, per plan V. 69, p. 1012. 1062.
V. 73. p. 1356; V. 74, p. 94. In Oct., 1900, control became vested In the
Harrlman syndicate. V. 71, p. 913, 963. Geo. J. Gould is Vice- Pres.
:ities.
Of the amounts shown as outstanding In the table
above there were in the treasury on June 30. H»<>2, tl. 456, 175 common
stook, $619,189 preferred stock and $783,y40 bonds.
Voting Trust.— By modified plan both classes of stock will be vested
for five vears In the following voting trustees: EH. Harrlman, Geo.
J. Gould, otto II. Kahn, John W. Gates. Herman Slelcken. Louis Fltsgerald and James Stillman. The voting trustees may, In their discretion, deliver the stook at an earlier date.
Cits
)
)
,
(
1
:
1
UK.—
;
.
i
—
I
I
I
|
M
72
z
o
a
=
Z-
h
o
Z
(0
INVESTOES* SUPPLEMENT.
o
2
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.
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-
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[Vol. LXXVII.
o
July,
1908.]
RAILROAD STOCKS AND BONDS.
?:*
.
74
,
:
SUPPLEMENT.
lr^YESTORS*
[Vol.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date 81ze, or
Amount
of
Par
Forexplanationof column headings, Ac, see notes
of
ntititQrf.nn^ Rate P* r Wn en Where Payable, and by
Road. Bonds Value. uuwianaing
CenU p ay a bi e
Whom.
on first page of tables.
Kansas City St. Joseph <f Council lUitffs .— See Cine. Burl AQoincy.
Kan. City Suburban Belt See Kansas cit\ South EKN R Y.
Kentucky Central— Srv Louisville A Nashvillk.
dt I. Br. >( BJL -K. <Sr I. B. 1st M.,g .assumed..
s <••
lstcoiihol. mortgage, 82, 500,000, gold
<t Pes Moines— Preferred stock, 8 per oent
o"
1st mortgage, interest guar. 0. R. I. A P
Keokuk <t Hamtlton linage— 1st mortgage
Kewaunee Green Hay dt Western— 1st mortgage. F.c
Kingston dt Pembroke— 1st M., gold
Knoxv. <£ Ohio— 1st M., gold, guar, by rent Ce.O'Ar
Lake Erie dt Detroit /are) See Pkr'k arijikttk
Lake Krir ,t HVslcrii-Com. stock, $20,000 p. in.
Pref. stock, 6 per oent (not cum.) ($20,000 p. in).
<
1st mortgage, ($10,000 per mile) gold
2d inort., for $3,025,000 ($5,000 p. m.) gold.Ce.c
1881
1900
Ken
162
162
Keokuk
—
M
100
1878 100 Ac.
1869
1,000
1891
1,000
1882
1,000
1885
1,000
113
69
RR.
725
725
725
725
100
100
1887
1891
«C Michiijan Sunthrru —Hloek
Guar. 10 per oent stock (Mich. So. A No. Ind.)
onsol. 2d inort.
do
CAr
859
Mortgage, $50,000,000, gold. I'm
o *r 1,000
Detroit Monroe A Toledo 1st mortgage, guar. ..o
55
Kalamazo & White Pigeon 1st mort.. guar. l'n..c
37
41
Bat. Cr. 4 8tur. 1st M.,g., guar. p. 4 (.(see M.Cen.)
1,000
1,000
Lake Shore
100
100
. .
1873
1,000
1897 l.OOOAc
1876
1,000
1890
1,000
1889
1,000
1889
100
1888
1,000
50
(
A 8t. L. 1st mort., g., p. & 1. guar.
Kal. Allegan >v Gr. Rapids stock, rental guar
c
1st mortgage, guaranteed .On
Erie A Kalamazoo (l'sed) st'k, Toledo to Palmyra
Bturgis Ooshen
z N. Y.
Central holds $45,289,200 of
36
58
58
26
mo-..,. I uly
1
)
to Vlay 31.
\
Grossearnings
Operating expenses
$5,450,871
3 616,126
Net earnings
Total net income
$1,834,745 $1,353,845
$1,950,120 $1,384,186
128.850
114,600
821,263
762,903
76,662
7,011
28,000
Taxes
Interest on bonds
K. C. Term, expenses
Miscellaneous..
378,000
572,000
2,000,000
M.
A.
Louisville.
8.
March, 1911
O. N.Y.,StandardTrustCo. Apr. 1, 1950
N Y., Ottloe, 13 Wm. St. Sent. 1,'02, 1%
do
Oct. 1, 19S
O.
do
O. 62 Cedar St. As earned. April 1, 1899
D. N Y., Office 40 Wall St. June 1, 1921
N. Y., 45 Broadway.
J.
Jan. 1, 1913
See text
I
B
3
6
A
&
BotuU-PtUxoIDae.
Stocks— Last
Dividend.
pal, When
g.
g.
A.
A.
J.
J.
J.
A
A
A
A
A
N.Y.,J.P.MorganACo. July
J.
11,840,000
11,840,000 4 In 1903 J. A J.
7,250,000
5 g. J. & J.
5 g. J. & J.
3,625,000
z 49,466,500 7 In 1903 J. 4 J.
10
J.&J.28
533,500
J. A D
6,098,000
7
43,844,000
3*a g. J. A D.
7
924,000
A A.
5
A J.
400,000
79,000
3 g.
A D.
322,000
3 g.
A D.
595
610,000
A O.
5
840,000
A J.
10
F. A A.
300,000
1,
1925
N. Y. Office. Gr. Cen. Sta Julvl5,'03,2%
N. Y., Chase Nat. Bank. Jan. 1, 1937
do
do
July
1,
1941
N.Y., Grand Cent. Stat'n J ul v 29. "03.3
do
do
i
Coupons at Grand
Cent. Sta'n, N. Y.
Registered lnt'st on
2ds by Un. Trust;
on new 3>s8 by
U.
8.
Trust. N. Y.
H
July28,'03,5%
Deo. 1, 1908
June 1, 1997
Aug. 1, 1906
Jan. 1, 1940
Deo. 1, 1989
Deo. 1, 1989
April, 1903
July 1, 1938
N.Y., Treas., 24 Thomas. Aug., 1903,
5%
this.
1902-3. Gross, $\828,5i8; net, $1,552,028
1901-2. Gross, 5,268,292; net, 1,713.178
Report for year ending June 30, 1902. at length in V. 76, p. 98, 108.
1901-02.
1900-01.
1899-00.
Latest Eabnino9.— 11
1,000,000
5 g.
1,069.000
4 g
1,524,000 See text.
2,750,000
B
8
1,000,000
1,000
LXXYII.
$4,753,066
$4,118,763
3,326,015
3,39.^,222
792,749
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to Rushville, 133 miles; total owned. 725 miles, of whlon
717 steel; leased from Oct- 1, 1895, the Northern Ohio RR., Akron to
Delphos, 162 miles; total operated, 887 miles.
History, Etc.— Formed in 1887 after foreclosure of the Lake Erie
A
Western Railway. (SeeV. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1, 1903, the Lake Shore A Michigan Southern
pref. stock. V. 71, p. 1269.
Divid since 188 9 J 18901 '91 '92 '93 to '98 *99 1900 '01 '02 1903.
on pref.—
4
2
4
4
(4% 4 4% 5 yearly
owned $5,940,000 common and $5,930,0U0
Bonds.— Abstract of
first mortgage in V. 46, p. 45; of 2d mortgage In
Guarantees $2,500,000 5s Northern Ohio, whioh see.
31, 1903, gross, $1,129,988 In
1903, against $1,097,425 in 1902. For 6 months ending June 30, 1903
V. 54, p. 444.
Earnings.— For 3 mos. ending Mar.
Balance, surplus
Dibectors. -Pres.,
$916,334
$478,683
Stuart R. Knott: Vice-Pres.,
G.
J.
Gould;
J.
W. Gates, John Lambert, of Chicago; Edward H. Harriman, Otto H.
Kal'ii, Edwin Gould, Lawrence Greer, H. P. W'ertheim and Herman
New
York; John J. Mitchell, of Chicago; Julius S. Walsh,
H. C. Pierce, of St. Louis.— (V. 76, p. 98, 1 08,)j
KaiiMaM City PlU*burg A Gull
See K. C. Southern Ry.
81elcken of
UK.—
Iron Hit. A South. By.- See Mo. Pac. Rt. System.
Kentucky A Indiana Krldgc A Railroad Co.— Owns steel
St.
i,
on
i«
cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind.. and 5 miles of
also owns Louis. A New Albany Ferry Co.
belt line in Louisville
Successor Jan. 31, 1900, to Kentucky A Indiana Bridge Co., sold
in foreclosure subject to the $1 ,000,000 first mortgage. The Southern
Ry., Bait. A: Ohio Southwestern (B. A O.) and Chicago Indianapolis
A Louisville own the $75,000 capital stock, and pay monthly, in proEortlon to cars handled, any deficit in operations. Of the $2,500,000
rst oonsol. 4s, $1,000,000 were reserved to retire the old 5s at maturity and $500,000 for improvements and betterments. V. 71. p. 492.
Earnings.— For year ending Dec. 31, 1899, gross, $278,610; net,
$120,885. President. W. M. Greene; Seo. and Treas.. H. v. Heazlitt,
Gen. Mgr., W. M. Mitchell— (V. 70, p. 1249; V. 71, p. 29, 287, 342.)
(partly estimated)
(frost,
6 mos.
Chargis.
yet.
$2,3«4,7P4
2,238,766
Vir,n>i
f'ri
f.
Bal., Sur.
$571,917
575,248
$236,800
$334,375
$712
236.80J
334,375
4.073
Annual Report.— Annual report for 1902 was In V. 76. p. 916
Year end. Dec. 31.
1902.
1901.
1900.
Grossearnings
$4,699,340 $4,533,204 $4,475,712
Net (incl. other income)
1 ,357.437
1,591.734
1,380,929
Deduct taxes
204,522
206,983
197,335
543,-50
Interest on bonds
543,750
B 3,750
125.000
No. Ohio int. guar
125,000
125,000
Dividends
(4)473,600 (4)473.600
(4)473,600
1903
1902
1
;
Kentucky WcMtern Ry.— In 1902 purohased by 111. Central RR.
Keokuk A i»< — IVIoliieN Ry.—Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chicago Rock Island A Pacific Railway, the lessee to pay 25 per
oent of the gross earnings, but guarantees the interest (not
cipal) on the bonds. Stock is $1,524,600 8 per oent preferred
600,400
common
Dividends.— )
On
pref. p. o.
flie
prin82,-
and
(par $100), a majority of which is held by the lessee.
1893. 1894. 1895. '96 to '98. 1899. 1900. *01. '02.
24
$
95
cts.
90
cts.
None.
50
ots.
50
cts.
1
1
Rental: In 1897-8, $144,855; in 1898-9, $144,875; in 1899-00, $159,068; in 1900-01, $148,178— (V. 68, p. 772.)
Keokuk A Hamilton Bridge Co.— Owns
Keokuk,
bridge across Mis-
for railroads and foot passengers. The
originally leased to four companies, but only two com-
sissippi River at
la.,
property was
panies now use it, these being the Toledo Peoria A Western and the
Wabash Regarding guaranty see V. 59, p. 969. On Judgment of
1889 $203,000 has been collected; on Judgment of 1894, $142,000;
In Apr, 1901, $142,000 was awarded. V. 72, p. 821. Stock, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, and part of overdue interest is paid as earnings permit.
Last coupon paid was No. 40 (second half), due Apr., 1889, In Sept.,'02.
Earninos.— Year ending June 30, 1902, gross. $34,116; net, $14,849; Other income. $20,853; total deductions, $38,534; bal., sur., $3,
268. In 1900-1, gross, $32,612; net, $19,548.
President, Andrew
Carnegie; Treas., Theodore Oilman, 62 Cedar St., N.
(V.72, p. 821.)
Y—
Keokuk A WcMtern RR.— In
1899 acquired by C. B.
A Q.
Kl ugNton A Pembroke
lt> .— Owns from Kingston, Ont., Can., to
Renfrew on the Can. Pee., 101 miles; branches. 9 miles In 1899 was
reorganized per plan In V. 07, p. 274, by which $1,000,000 (par
$50) first pref. 5 p. c. non cum. stock (V. 67, p. 1309; V. 68, p. 130)
and $15(t,ooo second pref. 3 p. o. stock Issued, floating debt paid and
In Aug., 1901, the Canadian PaC
Interest on bonds reduced toSp.0.
Ry. purchased control (V 73, p 445,1160.) Com. stock, $2,500,000; par
First div. on 1st pref.. lp. o,, paid April 2,
tear ending Deo. 31, '02, gross. 8171,795;
$17,100; balance, surplus, $2,435. — (V. 73. p 1160.)
KuoxvllleA Bristol Kit.— Morrlstowii. Tenn., to Corryton via
Tate springs (Hean station), 40 miles.
Reorganisation of Morris
$50;
( ».ooo.
1
'01;
Done since
mi.
:l:i,V.iri; Int.,
town
A-
to
Cumberland
On
UK.
foreclosed
In
I
h»h.
V
86,
D
BIO
in Deo., 1902, Bird M. Robinson of
stock authorised. $1,000,000
York, purchased the entire outstanding $100,000 stock.
V.
75. p. 1854. (V. 75. p. 1802, LS
Own- K nox vlllc, Tenn., to .lellloo.Tenn.
nox\ llle A Ohio
and branch, (i!) miles. Stock, $1,122,200. par, $100. Southern Ry,
owns *i.iih,3oooi the stock, of which $1,111,800 la pledged under
Earnings not reported separately.
its consolidated mortgage of 1894.
Komi A Kau Ky., Hawaii.— V. 75, p. 289; V. 76 p,
New
HIC—
K
Lake
dusky,
Brie
O., to
Peoi
A
Western
la, 111.,
Railroad.— Road Owns
420 miles, and branch
to Minster,
8an
10 miles;
Balance, surplus
827. 1355: V. 75,
— (V. 74, p.
p.
$10. c>65
135*7; V. 76,
$252,049
$31,596
p.
864, 916, 1355.)
Lake Shore A Michigan Southern Railway.— (See Map
N. T. Centra! )— Operates from Buffalo to Chicago with branches. The
line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie A Kalamazoo.
Leased, [Msee this Oo.]
Road owned directly.
Miles.
Miles
Buffalo, N. Y., to Chicago. 111.. 540 Kalamazoo A. A G. R
58
Sundry branches..,
320 Jamestown A Franklin
51
Mahoning Coal RR
Entire stock oicned.
47
ab Erie A Kalamazoo (26 m.)
Detroit A Chicago (see below)
Text.
Detroit Monroe A Toledo
55 Detroit Hillsdale AS. W...1T
65
Kalamazoo A White Pigeon... 37 Fort Wayne A Jackson
98
fl
Northern Central Michigan
61
Sturgls G. ASt. L
36
Central Trunk
5
main
.
Elkhart
A Western
11
Grand tot. oper. Jan. 1, '03.1.411
Total of above
1,092
Of the main line 519 miles has double track. By oontrol of " Ntokel
Plate" the Lake Shore has still another line from Buffalo to Chicago.
Operates Dunkirk Allegheny Vail y A Pittsburg, Dunkirk, N. Y to
Pa 91 miles, sinoe Oot 1. 1901, for aooount of New York
Central — (V 73. p 663 ) In Feb., 1902, the L. 8. A Mich. 8o., together
with the Michigan Central, took over the operation of the Detroit
Toledo A Milwaukee RR Allegan to Dundee, .Mich 133 miles. V. 74,
As to double-tracking Mahoning Coal Ry., see
p. 379; V. 76, p. 1026.
V. 71. p. 680.
Organization, Ac. A consolidation on August 16 1869.
In
February, 1898, a majority of the capital stock was purchased by the
N. Y. C. A II. KB., which gave In exchange its 3*? p. o. bonds at the
V. 66. p. 288. In 1903,
rate of $200 in bonds for $100 in stock
$45,289,200 stock had been exchanged. V. 69, p. 1237.
N. Y. l.loauo A 8t. Louis road has been controlled by ownership of
stock sinoe 1882, Lake Shore now owning $6,240,000 of its common.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stook.
The company also oontrols and leases the Mahoning Coal KK. [see Lake
shore "S\ stem" below] and owns (besides the entire stock of the proprietary lines) $4,050,000 Pittsburg A Lake Erie stock. N. Y. O. A H.
K RR. In 1899 had acquired over nine tenths of the capital stook of
the Lake Shore, as stated alms c
In 1900 the company purchased $11,224,000 of the $27,989,310
Cleveland Cln Chic. A Bt Louis common stock a No $5,9 10,000 of the
81 1,840,000 oommon and $5,980,000 Of the $ll,840,ooo Lake Erie A
Western preferred, the whole at a cost of $12,958,08 i, of which $8,«
958,082 paid from suiplus earnings. V. 71, p. 1269; V. 72, p. 870.
In 190V purohased 84,800,000 of the $5,000,000 stock of the
Indiana Illinois A Iowa KK., operating line from BeatOnvWe, 111., to
Kt Joseph, Mich., 859 miles. V. 73. p. 1356; V. 74, p. 41. In 1901
purchased from surplus earnings 83,200.000 Lehigh Valley RR -lock
v 74, p. 879. There were outstanding Jan. 1,
at a oast of 81.920.000
..000,000 bills payable on account of properties acquired. V.
,
Tftusville,
,
.
,
i
;
-
78. ].. 1026.
In Jan.. 1903, the one-half share in over tfC.0,000,000 of the $140,000/ 00 Beading e<>. stock aoqulred bj the Vanrterbtlt interest-, oonlisting largely 61 preferred stock, the other half being held by the
Michigan
turned over to the Lake Shore
Baltimore A Ohio,
Southern Ry.. which has made a'/>ne-year loan of $25,000,000 for the
V 70. p. 10'J, 15s.
WM
A
In Jan., 1908. the entire stook of the Lake Erie Alliance A Wheeling RK., Phalanx. <>., to Oil Ion villi-, ss miles, was purchased, together
with all the stock of he L B. A. .V- U". Coal Co and 51 p. 0. of that of
V. 76, p. 265.
tin Jefferson Coal Co.; also other properties and lands.
I
,
July,
—
2
.
KAILROAD STOCKS AND BONDS.
1988.]
RAILROADS.
Mllwi
^ ^„
Par
of
For explanation of oolutnn headlngs.Ao., see notes of
on first page of tables.
Road. Bonds Value.
—
Byttein
Mahoning Ooal RR. Stock
Pref. stock, see text
1st M., Youngs to And., etc., guar. p.Al.(eud). I in
1st M.,$ 1.200.0O0. g..s.f.F
L. Bup.it Ishpem. Ry
L.TaKoe Ry dkVr.Oo.-\*\ M.,g.,$500,000B.f..l><
Leavemrorl/i Terminal By. *i Hridge,— \*\ M - <
LtKighit Hud. Kir, r 1 Bt M ,k'.,lnt.red'o'dlo5i.
Lake 8/wre
43
43
43
20
—
16
<
1896
1901
42
•
L887
2d mortgage, gold
Warwick Valley
2d mortgage
1st niort.,
extended
In
L.A Hud. K (len.M. $3,000,000, g.tsee
1900
text,
M
issi
500 Ao.
15
1909
1,000
l.OOO
1,000
ioi
101
1868
1870
1873
1873
897
1,000
1,000
1,000
1,000
l.OOO
1st M., $1,000,000, void Vt>
Nevi Bngl'd
Nortirton. 1st M.,g.. 9300.000. gu.,red. lOO.FPo
Lehigh
L890
<t
Lehigh Falley
and
c
Stock
1st mortgage,
o.
r..
50
- 10 p.
pi iOP
ext. In gola In 1808..
UP
2d mortgage
i
Oonsol wort., ) coup. A reg., $4,762,000 4^s.o,tr 461
\
$40,000,000, s annuity, $2,538,000 are 4»*s.
Mtge. and Ooll Trust, g.. call at lo7 »«...«; P.o'Ar
Coal purchase bond, 3 MllM (V. 74, p. 210)
117
Lehigh A N V.. 1st M g., guar, p. A 1. ?l |».
Leh.val. of N.Y., 1st ML, g., gu.p.A i.(end.)<;Po\cr 283
31
Leh. Val. Tor., 1st M. gold, gu. p.* 1., end «
60
Easton A Aiulioy.lst M. Easton to P.Ainboy, gu.
12
Easton A No., IstM., gold, (,'iiar. I>v L.Val.fcPo'.tr
22
Middlesex Valley, 1st mort., $000,000. gold <V.c
Penn A N. Y. Can. A RR.— 1st in., endors...o*Ar.
Consols (seetext) guaranteed p. A t.(eud.) <;Pr
Elmlra Oortl'd A No. 1st pref. mort., gold..Ce.C 119
PP
,
•
.
1st M.. (fold, guar, p.
A
f.
(end.i
119
<«•
Can.No.lsi M., g..gu.p..ti.byE.CAN.<V.76.p.l406)
Mom- (anal stock, 4% guaranteed 099 years
Preferred stock, 10 p. c. guar. 999 years
1
L901
1895
i'.obo
ls;»(i
1.OO0
1891
1,000
1.0O0
1880
1895 500 Ao.
1892
1,000
ist;«;
1888
18H4
1HH4
1886
1,000
1,000
1,000
1,000
100
100
'89 '90 '91 '92 '93-97 '98 '99 "00 '01 '02 1903
7
7
7
5 6»« 6»« 6 y'rly 6»s 7
7
Blnoe'88. P.ct. \ 5
mortgage of 1897 (United States Trust Co.. N. Y., and
The oonsol.
John T. Dye of -Indianapolis, Ind., trustees,) Is for $50,000,000 of 3*a
per oent gold bonds, tax tree, authorised to retire the several issues of
7a maturing from 1m'.)8 to 1903 (see u I. -tract In V. 64. p. 1182)
amounting to $13,192,000, and the balance, $6,808,000 for use In re
funding said bonds and for general purposes of the company. The
mortgage covers 82954 miles of main line and branches a considerable portion being double tracked— and 181'11 miles of leased lines.
V. 66, p. 1 140; V. 68, p. 1182; V. 73, p. 1264; V. 75, p. 290.
Guaranties.— As to guaranties additional to those shown In table
above see Detroit Hillsdale A S. W. and Fort Wayne A Jackson.
General Finances.— Nothing has been charged to construction or
equipment account since 1883, the outlays charged to operating expenses for new equipment amounting In 1902 tO$l,433,67i and In 1901
to $3,589,079, and for construction to $2,971,932 In 1902, against
$747,257, these Items being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1903, $18,035,138. Low grades permit
large train loads
average for 1902, 576 tons, against 530 In 1901.
To Jan.. 1903. $37,094,000 of the $43,192,000 7 per cents duo In 1903
and earlier, and outstanding In June, 1897, had been retired and
$43, Hi 1,000 ••« :c- - issued, ttxed charges being reduced $1,062,040
per annum, or over 2 per cent on the capital stock.
Dividends.—
way and
1,
lonk'.
J.
A
M
6
i
i
.1
M A
if.
4>*g .1.
5 g. A
5
g.
7
6
5
6
g.
g.
g.
A
A
A
A
1948
1910
1928
May
1,
1997
Leh. Val.Of.AN.Y.
Wept, 1,
1946
1940
.1
N.
N.
F.
F.
1,
Sept. 1,
'
B. Phil..
O.
A
June
Philadelphia.
.v
J.
4
10
do
1)
A
M
4, 4i«, 5
St
it
N.
M A
M A
J. A
A. A
A A
4>sg.
do
1
Y.
•
otttce;cp lik.N.A.
Phlla.. Of.,228 Ho. 3d Ht
I)
M A
5
Phlla
Reg.aU)ttlce;cp.Bk.N.A.
Phlla. Ofy 928 Bo
g.
5
i
Warwick. N.
D.
O.
O.
O.
J.
A.
A.
N.Y.Merch.N. Bk
do
do
Phlla.. Of., 228 So. 3d St.
do
do
N. Y., Central Trust Co.
Phlla., Bk. N. America.
Phlla.. Lehigh Val. RR.
do
do
do
do
do
do
PhlL offloe,228 8.3d St.
do
do
(entire stook
1,
Irredeemable.
July
1,
1.
1.
Oct.
May
Nov.
Nov.
1,
1,
1,
June
Apr
1,
l'Jil
1920
1936
1942
1900
1939
Apr. 1, 1914
Apr. 1, 1914
July 1. 1906
Aiu.,1903. 2%
Aug
.1903,
5%
owned— no bonds Issued), Hud-
$166,663
176,529
$157,247
172,739
$9,416
3,790
it i
til
;
;
.
.
them
In practical control.
V. 0*, p. 1226; V. "0. p. 1049; V 7_\ p,
In 1901 representatives of the Erie, Lackawanna, Central of New
Heading aud Vanderbllt interests entered the directory. V.
72. p. 137.391. TheLake Shore A Mich. so. In 1901 purchased $3,200,OOO of the stock. V. 74. p. ss3. In April, 1903. certain subsidiary
Ing
87.
,)
.
companies, in all 109 miles, were merged. V. 76, p. H10
c> u. Property.—The Lehi.
Kit Co. owns 3,619 acres of
ooal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
which In December, 1893, owned anthracite coal and surface lands:
Total acres.
Ooal acres.
Rtfd. yield.
Owned
In fee
15,217
7.242
124.000,000
8,123
5,741
111.000,000
1,708
1,708
47,000,000
Controls through stock owned.. 9.229
4,519
>0.000
Collieries 54. dally capacity about 30,000 tons. (V. 62, p. 3b4.) The
Hazelton Coal Co. (chartered In 1896) stock Is owned ana its $2,000.Perpetually leased
Term
leases
0O0 first mortgage 5s also owned are goal
1900 Delano Land Co. was merged in Leh.
I,
p.
137. In
Val. Coal Co.- V 71, p. 287.
shipped (Torn collieries owned 3,049,755 tons In
against 3.327,927 tons In 1900-01; total coal tonnage In
The Coal Co
-'.
1901-02 was 5,620,872.
Divipkmdb.—
'86. '87. '88. '89. '90. '91. '92 '93.
)
none
P.otj
(
5
5
5
5
5»«
4
slnoe.
4>i
-.-The $15,000,000 mortgage and col. trust yi of 1897 were authorized to provide for floating debt and for future improvements,
Since '85.
$7.ooo,000 (which may bear a lower rate of lntere-t than
per oent)
being reserved for improvements or acquisition of stocks or bonds of
Other companies at $1,000,000 a year after 1900. The mortgage
covers 791 69 miles of single track, Including branches <tn.l sidings,
.*>
real estate In Philadelphia, and also
l.ehu'h Valley bonds with
; u: : extended or new prior
high-
.'
over
f:ate principal
at Leavenworth, Kan., and valuable terminal property
The mortgage coutalns a sinking fund provision. Kan
Joseph A C. B. (Chicago B. A Q.1 and Chicago R. I. A P.
Missouri River
sas City St.
use the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894, and Chicago ot. Western from Sept. 1. 1895. for 30
years; rentul $14,250. For year 1901 02, gross, $51,509;
Int. on bds., i-30,000; bal., sur., $5,412. Stock,$600.000.— (V.t9.p. 49 L)
Klver Ry.—Owns from Greycourt, on Erie
Lebigh
RK.,toBel\idere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
A6
7
4»*
4»*
and
N at tonal Bank.
1, 1928
1, 1911
1, 1917
1, 1911
1, 1912
1, 1920
1, 1945
1, 19.'
l-:i;i
Jan.
July
July
July
Apr.
July
July
Jan.
BBWiM
1
1894). 1.110 feet
.1.
ink,
'
$386,876
442.251
1
railroad bridge (opened Jan.
.1.
g.
4
J.
J.
J.
'o
1
A Boston, sold in foreclosure Deo. 14, 1894.
s.— Stock is $1,500,000, par $50. Mortgage is for $1,000,000, of which $569,000 for Improvements and ezten'a (V. 68, p. 134.)
Current liabilities June 30, 1902, 8269,493, There were also $75,000
collateral trust bonds and $20,000 equipment 6s.
BAUrmCM.— For year ending June 30. 1902, gross, $124/85; net,
$32,433; charges, $47,178; balance, d. licit, $14,746.- (. 74, p. 478.)
Lehigh Vulley
Map)— Main line, Jersey City, N. J., oppoelte -V Y. City, to Buffalo, N. Y., 446 miles; branches to Audenrled,
Tomhleken, Hazleton, Ac, 748 miles; Lehigh A New York RR, 115
nines State Line A Sullivan Railroad, 24 miles; total main line, 1,333
miles; sidings, etc., 938 miles. Total system 2,271 miles second
track. 573 miles; third track. 19 miles. Trackage: Penn. RK 13 6 miles;
N. Y. Central, 15 miles; sundry trackage, 20*8 miles Bee V. 77, i>. 147.
Hi -Tory, Etc.— In March, ls«J7, arranged with J. P. Morgan A Co.
of N. Y. for a general readjustment of finances, including the holding
of voting power for a large block of the stock.— See V. 64, p. 517.
7 1. V.b8,p.474.
For list of securities owned, see V 86, p 1-7
In
Jane, \899, J. P. Morgan A Co. purchased about 75,000 shares of stock,
ne half of the holdings of the Asa Packer estate, ami In Jan.,
1901 the lemalnlng half, these, together with other acquisitions. pl»o-
,
In that city.
g-
3
Orange County RR.
-mi
9,908,3-*0
Leavenworth Terminal Hallway A Bridge.—Owns
.1
A
A.
J.
O.
O.
N. Y.. Nafl
PiMiirhkeepsie
923,247
Bentalspald
1.049,667
'.'1<U;05
2,297,252
2,266,656
Interest on debt
3,973,312
53,350
53,350
Dlvld's on guar, stock
(7)3.462,655
(7)3,462,055
(7)3,462,658
Dividends
Bnrplns over dlvs.
$3,195,776
$8,272,869
$3,692,470
—(V. 7C>. p, L09, L58, 266, 1020, 1030, 1355; V. 77, p. 36.)
nj ntcm. — .fliilimihiu Coal ItlC— Owns from
Lake Miorr
Youngstown to Andover, O. and branches, 47 miles. Branch from
Donghton to Plymouth, on the Luke Bhore.47 miles, was tobeoom
pleted In July, 19('3. leased In perpetuity for 40 per cent of gross
earnlugs to Lake Bhore, which Jan. 1, 1903, owned $865,900 common
and $399,500 preferred stock.
Dividends.— ) 1889. '90. '91. '92. '93. '94. '95 to Feb., 1903.
4»«
8»9
5
8
8 10 <Feb.7%,AiiL.On common.
S4Hr%
The preferred stock certificates are 5 p. o. guaranteed and oontain
par at option of company.
a clause making them redeemable at
For year ending Deo 31, 1 902, rental, $668,207; surplus over Int.
and 10 p. c. on com. and i p. o. on pref., $408,354.— (V. 66, p. 897.)
Lake Superior A lahpemlug Ry.- Marquette to [abpomlng,
Mich., 20 miles; leases, 1 mile; total, 21 miles. The Munlsnik' Rv.,
Little Lake to Munising, 38 miles, and the Marquette & Boatbeastern
K\ ., Scaudia to Marquette, 17 miles, are operated as one sysi.
being controlled by tbe Cleveland Clltls Iron Co. Stock, $l,0o0,0OO;
par of shares, +10o. Bonds are subject to call for the sink Int fund by lot
at 105 and interest. Year ending Dec. 31, 1902. gross, $186,584; net,
$43,910; other income, *l-».72i;; taxes, $19,270. President, Win. (i.
Mather, Cleveland, O
(V, 75, p. 1207; V. 76, p. 124s. V. 77. p. 89.)
Lake Talioe It) A 'I'rn importation < o.— Truckee to Tahoe,
Cal., 15 miles, narrow Range, opeiated during tout - season from Mav15 to Oct. 15 In cc niiectlon wiih -learners and hotels, also owned, stock
$500,000, 1 outstanding. Mortgage coven also steamers, wharf and
hotel property eoMttng $250,000; sinktni; fund becomes operative tn
1905; Mercantile Trust Co., San Francisco, trustee, V 74. p. 479. For
1902. net earnings ov. r Interest and other charges were $20,130. For
year 1901, gross. 889,368: net. $16,469. President, D. L. Bliss, Ban
Francisco, Cal.— (V. 74. p, 478.)
Laramie II n hit's Peak A Par I Or Ity.— In Sept 1902, grading
almost completed from Laramie, Wyoming via Centennial. 75 miles,
to be operated In 1903; contract also let for 25 miles to Hattle Lake;
entire projeoted line, 6O0 miles.
Stook authorized, $10,000,000,
alloonunon; outstanding, $3,500,000; par of shares. $10. No bonds.
President, Isaac Van Horn, 7 Congress St., Boston.— (V. 72, p. 988 )
1
*
A
A
A
A
A
A
(
.Central Ti
'i
<
D00.
.;
J.
5
r.
!
n
V
17,307,795
*;>, 158.719
10,391,736
i
.1
Lewis A. Riley, President, Philadelphia, Pa.— (V. 75, p. 1 250, 1254.)
I.< hl<rh A New Eiisland Kit.—Operates road from siatlngton,
Pa., to Campbell Hall.
V., 96 miles, of which two sections, aggreiratlng 32 miles, belong to other companies, leaving 64 miles owned.
Leases for 999 years Northampton RR., Martin's
reck to Bath, 15
miles, to be completed early in 1903. V. 74, p. 478, 1252.
History.— A reorganization July 1, 1895, of the Pennsylvania
$26.4ti(»,5l4
$9,062,44ti
g.
5
4l«
1901
•
1901.
g.
g.
5
RR—
1
it
6
5
J
A.
J.
J.
J.
1909
1
899,273,675
20,210,2 2.)
A
r«-l> 1. OJ 7<S
Union Trust
July,'03,2»«<V
July 1, 1934
do
do
farm. U A Tr.Co Jan. 1, 1926
i
,
1902.
2 10.000
1,124,000
4 31.000
g.
g.
g.
5
.1
.
Earnings —For 6 mos. ending June 30 (1903 partly estimated).
\rt.
lUlier me. Int tun<, r c.
lUiL.Uur.
Qron.
6 »»'>«.—
$2,340,000 $2,337,' 00
1908... $16,878,000 93.837,000 $840,000
7-o,ooo
i.<2o,oo0
:i.
1902.
4,264,> 40
1.408,739
Dividends or 3
pi r cent call lor $1,731,328 for the G months.
ANMual Report.— For 1902 was In V. 76, p. 1026; see edit, page 1003.
880,449,292
21,0-< 9.064
$8,4hO.V29
$10,128,793
6
5
A.
|
Stocks— Last
Dividend.
('.,
i
31—
455.000
0.000
600,000
800,000
164,000
145,000
<
Whom.
miles; total oper., 90 miles.
The Central RR. of N. J. and Lehigh Coal A Nav. Co. control the
road. V. 68, p. 568. Stock, $1,340,000; par, $100.
Bonds.— Of the $1,124,000 general mortgage bonds out, $1,062.000 are guaranteed Jointly, prm. anil Interest, by the Cent. RR.
of N. J and Leh. Coal A Nav. Co. An additional $1,535,000 are reserved to take up prior liens and $330,000 for extensions or acquis!
ii ins Of eonneedng roads.
8ee form of guaranty, etc., In V. 67, p. 788.
F. wtsiNos.- 9 mos.,
Cross, $300,508; in
(1909-08
$116,878
July 1 to Mar. 31.
(1901-09.
Gi
t,
114,919
Surjilus over charges. s7, h
against def. $469 In 1900 1.
Annual Report.— Including Orange County
V. 75, p. 1250.
Year end. June 30.
Grots.
I ni..tnj,ete. Bal.,tur.
;
Drr.
A
J.
J.
J.
pal, When
Where Payable, and by
son Junction to Maybrook.N.Y., on Cent. N.K.Ky. (PoiDrhkt«ej>sre Bridge),
Including trackage, a total of 13 miles; S. E. A P. RR.. Phllllpsburg
to Kaston, 1 mile; trackage, Penn RR., Belvldere to Phllllpsburg, 13
—
Tear end.
5
5
40,441,100
5,000,000
6,000,000
10,400,000
12,600.000
7.900.000
1.170.OO0
2.0OO.OO0
15,000,000
10,000,000
6.0O0.0O0
51.000
375,000
1,500,000
8,500,000
750,000
1. 250,000
300.0O0
1,025,000
1.175,000
OR DIVI1H M>-
„!,!„
in '09 P.
.850
lines:
)
Total gross earnlugs
Oper. exp. A taxes
Net earnings
Net, lncl. oth. Income....
11,600,000 io
15
..
<
When
l"' r
'
,
1,000
1,000
l.OOO
1,000
1,000
1,000
3
•
.
$50
50
7a
ilEBT
Amount
n,^^^A\,^ Ha
" u wi» u "- lu "
-
sum
or rate of
n the consolidated mort
bonds was given
are so
1
bonds
,
oom-
maybe
.iggre-
toept as provided
tMire.
List of collateral pledged to
in V 65, p. 1114-eee also V. 66, p. ls.7.
The
n at 107^ p. c.
(f\RASTiKS.— Eatton
A Hndiou
;
irious
lien prior to these
but not toll
secure
bonds
SnrtKtrn Rfi.— Road from Belfast to Easton
Pa.. Smiles; branch to Lehigh Valley HK. at
1 miles
Capita
00,000. LehU'h Val. guarantees!".p. 135.
Eimira Cortland A Sort Kern RR.— This road, wl;
istota
Northern, runs from Eimira to Canastota
V., 140
miles. The stock. $2,000,000 is owned.
it
76
INVESTORS' SUPPLEMENT.
[Vol. LXXVII.
July, 1903
.
.
'
RAILROAD STOCKS AND
J
KAIl.UOADM.
Miles
Oat*
of
•
Sire, or
,
nint
Where Payable, ami by
Outstanding
Value.
ML Bonds
Payable
Lehigh Valley -{Concluded}—
L.V.OoalCo.lst M $12,000,000,g.S.f.,not <lrn.o**r
Snow Show, 1st M., not guar.
1-t M., ft., _•
tr. etfs., 83,000,000, call, (text)
OP
Do
i*tM.,g.,e.\.t.ln'oi,re.l.io2.
General mort.. gold
Co
.
<
Renewal
i
Island
OOMOl
Id
•
103
"18
i.OOO, lsl M
assumed
N. Y
n. +600.00(1, Lsl M., assumed
Mont:.
Unified M.. $45,000,000, g. oall no i »m ..o.tr
.
Bayre. Penn.,
110
abstract V. 51, p. 114.
$900,000.
V. 65, p. 412, 1071; V. 77,
1887
Mortgage
Car trusts,
lift.
BR V S3, p. 840, s-10.
MiadUtex Valley UB. Naples to Geneva, N. Y., 29 miles. Bonds due
1943, goaranteed, principal and Interest (endorsed), v. 62, p. 134.
Morns (Jamil. Leased for 999 years ami dividends guaranteed.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
I'etDisi/lrania if \11r\orl; Oanal if Railroad. -I>eased for 99 years
from Decern >er 1, 1888, to Lehigh Valley, which has assumed Its debt
and owns all Us stock. ConsoL mortgage bonds of 1 ^tss are reserved to
take up prior bonds when dne. The oonsols Lnolnde >4, 000,000 of 5
per cents. $3,000,000 of -Is, $1,500,000 of 4>.js. V. 62, p
Lehigh iC Sew York RR. Near Bast Waverly to Kaiih.ven, on Lake
Ontario. 115 miles. V. 61. P
p. liU; V. 71, p. 1311.
Lehigh Va
''<>.— See "Coal Property " above.
The 1-::.
000 Coal Oo. trust oertlfloates nf 190 m ill be -.cured by
84,000,000 tu \aiue of "anthracite ooal and the proceed* thereof:"
they are subject to call In whole or In part by lot at any time at 102 "*
and Interest or at par on Deo. 1, 1007. V. 7o, p. 1254.
GBMKk.vl Fiv UtOBS.— Plan for raising oapttal for necessary Improvements was uniler c .iisider.ilion In Jul v. 1908 V. 77, p. 3 6, 117.
»T EA.BNIJJOS,
From July 1 to May 81 (1 1 mouths), net railroad
earnings were aa ihown below after deducting; $1,114,000 for additions
and Improvements, axalnnt $1,382,000 In 1901 _':
\rt nicnuif.
Lthigh V ilUu Hll -^
I
—
,
I
,
,
.in. j.
.
8H.694.72H
.lll'l
1.HU6.413
tatu^ 1OO8-S
In V. 7., p
,
•
1138,788
IcIJ-
.... Jit.
8.1
I
ieu-9.
AJorosL Bbport.— Flsoal
da
was given
year ends Jnne
•
1
s res:
riie
80.
r.
13.71
1
tear* end. June 30.
,
.
—
1901.
—
1900.
1901.
•
1
1
1
_-
i
ating expenses, v. 75. p, »io.
The report for 194 - as above does not lnolude the (joal properties,
for the Improvement of which $320,456 was expended In the year,
and frmi whose operations, etc., there was a deficit of *.V S. 682.
Other Income as above In 1902 ($1,079,367) Includes dividends on
stocks owned. (296,978; interest on mortgages, {
odries,
$127,084, and interest on bonds, $816,120, the bonds embracing:
1,400,000 Le
Led. Val. Coal Co.. ltft*7; #8,noo,OOOBehuylktll a Lehigh Valley R.R., tl.P28.000 Uazletoa Coal Co
rt» ("anal A Banking Co., $485,000 Kochester Southern ItK f'o
$iim.ikmi Middlesex Valley KK Co.. $35 '.000 Greenville & Hudson R
1
.
Co.
Pres.
Thomas; 2d V. P.. J. A. Middleton; Treas.,
see., D, G. Baird, 228 to. Third St.. Phlla, Ezeoutlve
B. Thomas; Geo. F. Baker, £.
(Dec. 1902), E. B.
Alderson
,
Com.: Ohalrman, Eben
Charles Steele,
rt.
MoK. Twomblr and Alfred Walter.
tesbnrT.Norm
ku
B.Ke imJose
>b
T
Wharton.Beaiive.-m
Borte, Charles Steele. Irving A. Steams, Abram Nesbttt, 11.
Kb. M ». Thouias. Ueorge K.Baker, J. Rogers Maxwell,
lii.bt. ('. I.lppmcotl.
(V. 76, p 266, 435, 310, 972; V. 77, p. 36, 89, 147.)
McK. Twombly,
ior
and
—
&
1911
g.
J.
A N
A
A
In
i.ouIk
J.
Bi
J. Phlla..
J.
J.
-
b
a
a
6
g.
g
-
M
V
N
M.
M.
8.
8.
D.
5g.
5
5
4g.
9
.1.
a
,\
1.
ami piilla.
Julv 1. 1999
•no Walnut JinvlS.'O.V^ *
1
Aug.
Julv
July
1,
J
do
do
do
do
do
do
do
do
do
do
do
do
do
1
M
19l£
1961
...
Feb.
.!«»
do
D.
J.
A
A
A
A
J.
6
600,000
600.000
650.000
100,000
315.000
1>.
g.
,135.000
,000,000
.v
ll
A in-
irt.ATr.Oo.
cj:-j:
4
1
J'ne
lnt Nat.lik.
do
do
do
do
do
do
do
do
do
do
do
do
g.
.121,000
125.0OO
.
of
•
4»sg.
J.
1933
1,
1
:
1
1
1981
1988
l.
mm
Men,
Juno
June
1
1.
1
June
1,
May
May
1,
193W
1911
1
1.
1943
1945
I
Jan.
Jan.
1
1,
Mar
ll<>
1981
1984
1920
1,
Moh.
Meh.
t.w
tures will be Issued from 'line to time for balance of the Interest
In cash 011 the general mortgage bonds accruing after Aug. 1,
',101
-ue'i debentures (8875,000 eyentually) being payable without
whenever the company -hall decide, either in ca-h or .
.-e bonds, hut to hit
payable Immediate]
area on the stock. Loans payable June 30,
wross. 8510,015; net. 8? 14,276
Earnings.- 11 months, j 1902-8
1
.
.
i
I
1
July 1 to May 31.
(1901-9
Gp
Year ending June 30, 1902, gross, *r_'l,lo.'; Dot, $165,771;
8111.748; taxes, 87.200; rentals, etc., ddent, Arthur Cary, N. Y.— (V.7 1, p. 1; V. 7(1, p. f.ri.)
I. line Itock III*.— Owns road In
and around K01 kland.
;
Me. 11
mile; total, 12 miles
bj the Km kland-B lokport
Ime o. of Maine Bonds, i I00,ooo
ref 3 year gold is. due July 1, 1929 ($1 ,000 each), lnt J hi and July.
it
Portland, Me
Year ending June 80, 1!»0'_'. g]
$36,396; other Income. $1,600; cb
724; dividends (4 p. a),
-1 s ooO; bal ror., $1,272
Pres ft-ed. E. Blob
1
•
•
.
,
Keinick, Boston,
I.lille
vllle.
Fall*
10 mill
Mass Offloe, Bookland,Me.
A- DolgeTllle III*. — Little
Falls. V. V.. to DolgS
1902, to foreclosed road ol
Bonds, see table.
ETo
•
name. v. 7.r», p. is. Stock, 8250,000.
ending June 80, 1902, gi
dent,
Dumont
Clarke; Treasurer, B, B.
WauokeL
(V. 75. p
Little Kiiiniwlia 1*1*. -Parkersburg, W. \ a
t> Palestine, 30
miles, thence by steamer, 20 miles, to Creston; total.
miles.
The plan for the extension «r the Wabasb
1 the
Little
doned "for the present" in M
70 p
1030. Btoek, $3,000,000 authorized; Issui
In kpril.1902,
a svndi
lenting the Gould Interests acquired the roa
W. Va. A- Pills Item, V. 71, p. 777. From Nor. 22, 1901, to f
SO
1902, gross, $3 1,57..; net (8.840
J. T. Klalr, Presl
Parki
w. Va.— (V. 75, p. 442, 668, 1802; v. 70, p 1030.)
Little iTIlaml Kit.—Owns Cincinnati, O., to Springfield, O,, 84
miles branch, Xenla, O., to Dayton, O., 16 miles; leases, Columbus A
XenlaRB., Xenla, O., to Columbus, O.. 55 miles: Dayton A West. KK,,
Dayton, O., to Ind. State Line, 38 m.; Cin. 8t. Con.KK., 2 111.; lot, i.i:> m.
I.i \s K .— on Deo. 1, 1869, leased to Pittsburg Cincinnati
& 8t. Louis
(now Pittsburg Cincinnati Chicago A St. Louis) fori
years
renewable forever. The Penn. RR. Co. is a party to the eontrai
guarantees Its faithful exeoutlon. Rental Is 8 per cent on $4,943,100
nd Interest on debt. Lessee's report showi> net loss to lessee
". $230,645.
In lsos, $222,225; 1899 profit, 854
19; In 1901 profit, $67,151; In 1902,
stock authorized, fs,. 000.000. Beginning Dec, 1899, >eper oenl extra has been
paid eaob Decandjum trom the surplus Invested fund, making dlviper cent \ear!y
Of the 34S, 81358,000 Were, OS Jan
1908, owned by the Pens. kk.-(V 72, p. 241, 1080; 7. 74, p. 427.)
I.lttlo Itock Ac Hot sprln^H Western 1*1*.—See Sdp. Oct.. 1902.
Lit Ilo Sell ii) Ik 111 Navigation Hit.
<«al.—Owns from Port
Clinton to Tamanend and Reevesdale, 32 ml
to Pliila. ,v Bead. Ky. for 999 years, and rental reduced from
7 p. 0. on stock to 5 p. c, gold from Jan. 1, lse.17; in 1898, 5^ p. o In
S>s; In 1900. 5; In '01, b^t; 1902, Jar.. 2»«p. c; July, 3p c;
1903, 5 p. o. Lessee pays taxes and organ, expenses,— (V. 73, p. 554.)
.
:->-2
1.
1.
,
1.1
1
report ror 1901-02
litonal. p. 880.
) ear»e7ul. Nor. 30.
901,910
1902.
17:1;
Ooal Co.
ll.Sy4.181
I
def.41o.Or8
alaaoe, »ur., f
Karnlngs from coal. $9,828,959 89,636,802 $11.6'*3,276 $9,413,472
Mlsoel. frtught
9,627,286
9,272,317 14.255,961
9,1
Passengers
001
3,635.061
-s
1. .,
1.109 j:u
Mall, express, etc...
1.017.260
Total gross
824 0,282
J. 118
Op.exps .lno.reir
Net earnings
$4,620,136
Other income..
1.079.368
Total net Income
,646
$t>ir».467
$6.i
8tate taxes
Bal. of Int. account.
880,249
254.883
7 .'..^
Loss Mor. Canal. etc.
290,684
Int. and rentals
5,179,038
4,936.370
S01.-i;c>
lnt Leh. Val. Coal.
825,700
Total oharges... $7,032,2*
jj« ^7. 144, 943 86.940,443
Balance
df.$l,332.777df.$1.098.3138r.$.">74.bl2,ir.*-J."
Operating expenses include large expenditures for additions and
betterments-$l,676,974 tn 1901-02, against $i,331,27l in 189
hesidts large outlays for equipment In all years: In 1901-02, estimated
loss from coal strike and tlooils was about 83.000,000 and oosl of repairing tl"i"l damage 8888,000, of whloh $502,000 Is Included In oper-
W.
4
1
1910
.
1.
1
Vallc\
ChMTKC"
oo
g.
1
.OOO.Vo!
LehighValley Terminal Railway. -Owns double-track road from South
Plalntleld, N. J., to Jersey City, with about 125 aores at Jersey City and a
large water front there, etc.; Its stock of $10,000,000 is owned by Le-
in
5
7
5
288,708
1,000
1,000
1,000
1,000
1,000
1.000
1881
147.
p.
3>*
4 g.
1 ,494,000
Buffalo, IT. Y.. to near
branohee to Ithaca, Auburn,
\'al.
M.
5
I ,000,000
I
double track, aid
285 111. stock owned by Lehigh
N. Y..
Clnn.,OfBoi
H-6
,943,100
.llT.ooo
.1 10.000
3
Oo.ofSew l'ort.-Owm
17-"> in.
total,
111.;
1
12
19
6
21
I.
r III*.
Am
332.000
76
76
i.
lid
Phlla
»,.,.
I
1.0OO
1.000
1880
1881
1888
'"i
!
lluilicay
50
100 Ao
1
1
I
Lehigh Valley
1,000
1KH1
L881
L888
993
156
ilo
ilo
do
0'
General mortgage, <<>lil <>
I..
RR m on firry for $2,750,000. gold. C<
Stewart Line >f. <>f r
0,000, gold. Ce..
Debenture ? i.*>oo,ooO) gold, not snbjeet to call.
New York .v noshing 1st mortgage, assumed
B'klyn a Ifontaub Mt m.. 2d M.. g., ass'd, Bos. si. to Bastp. a brs.Ce.0
Long Island City A flushing 1st MC,assum4
0'
mortgage gold, assumed. Ce
1
1878
'
1:110
Glrard
A.
Varlu
1
1899
150
,000.000. Ce.
I
1.0O0
1901
mortgage
D
Ph
1
Phi
.V
100 At.
1882
84
84
53
inort'-'
M. ($3,000,000)— V. 72, p. 184,241, I0S0
>*(
/.. Book <e Hoi 8p. West
Little Hchuyl i: hi ,v«r. till, it Ooal
Btooi (rented gu.)
'.<»(/
g.
D.
1
Jan.
Julv
1903
1250,000. gold
New
J. N. Y. and Philadelphia.
J.
Phllatlelp
,500.000
92
r
.V
1.
4
,2
50
Little
Little
etc.,
L5O.000
0.000
,072.000
1,000
1.000
1,000
A
.1.
g.
Ml
1,000
1895
gold,ser."D""E"&"F',, due$4i
Lexiiigt.ce Kuii'it
g.
g.
1
,00(1,000
:
J.
5
5
5
5
5
l.OOO
Coal
National Storage Oo. trUBl
72, p. 1 11)
Car trusts, < $50,000 due each r. • \
o*
gold.*; i* s 825,000 doe eaob P, <\
gulp, trusts, gold, due $200,000 yearlj P< r
L. V.
l,OOOAo$ll ,514,000
50O
1893
OF
Delano L'd
77
BONI>8.
i)K DI VII
ol
for explanation of column headings, Ao., see note*
on first page of tables.
H
'
Lexington
Bastera lly.— Owns from Lexington. Ky., to Jackson, Ky.. about 92 miles. Operates Ohio A- Kentucky Ry., Jackson.
Ky., t<> cannei coal fields in Morgan Do., 26 miles. Stock, *
par, $100.
Reorg. without foreclosure in 1901 per plan V. 73. p. 663.
BONDS.—The tirst mortgage 5s were extended at -ame rate of intere-t
to Julv 1. 1911, the company having the right to call and redeem all or
any of them at 102 and Interest. A'l Interest on the general mortgage
bonds was waived to Aug 1, 1901, Interest thereafter to be paid in cash
Feb. and Aug 1, as follows: 2 p. 0. yearly for 5 years, then 3 p. 0. for
5 years and 5 p. c yearly thereafter to maturity. Deferred deben-
.
:
1
1
,,
A
I.oizannpnrl Ac Toledo It y.— I.ogansport. Ind., to Butler. Ind
12, 1901, to Eel River KK.. sold under
order Of Court and purchased In the Interest of the Pennsylvania RR.,
rated from Jan. 1, 902. as a part of the Vandallas] stem
$1,900. Obligations due Pennsylvania Co Dec 31, 11*02. bearing 4 p!
ps by Penn. Oo. at 4 p. c. rearlj
000; int. dae on advance^. $78,941. For 1902, gros
def
under op. exp 825,951; int., eto *i.2.197.— (V. 71, p. 41.)
'"". I»IhhcI 1*1*.— operates all the steam surface roads on Long
Island, adjoining New York City, the system lnoludlng:
•virus—
Mite*.
Lecuee(H Which see.) Jfn"«*.
long Island City to Greenport. 95 N. Y. A Rockaway Beach Ky.
Long Island
Neck.. 14 MontaukExt. AN. Y. Bay Ext. 27
Harbor
99 N >w York A Rockaway
5
.-sundry branches
82 N. Y. B'klyn A Man. Beach T... 18
G^t Neck A Port Washlagton
4
Total owned.
290
Leases
Brooklyn A Jamaica RR
10
Total June 30, 1902
396
North Shore Branch RR
30 Double track
108
]
•
-
;
,
:
.
|
.
—
Stock —$12,000,000;
Dividends.— \ 1882.
par, $50; of which PenmRR. owns $6,7:
'83 to '90. '91. '92. '93. i»4. '95. '96. None
Peroent.
1
I
4 yearly
4>«
4»4
5
5
4
4 slnoe.
Bonds.— The ferry mortgage for $2,750,000 covers all the real and per
sonal property pertaining to the company's ft
Street and
Jstun Sllpi. As to debentures so.
.of April, IE
The unified mortgage (U. 8, Mortgage A Tni,*.) Is
••000,000, secured by a lien upon the entl0( 10.000 being reserved to retire all prior liens, $8,000,00<
of motive power to ele
r if deemed ad%
OOO for other In
$4,000,000 remaning',
with any unused halano
vementsand ad
at not exceeding $400,000 per annum. Bonds are subject to call at
1
i
7*
UMVii^TOliS'
SUPPLEMENT
[Vol LXXVII.
.
July, 1903
70
KAILKOAD STOCKS AJSD BONDS.
J
l.s 1I.KL8T OK UIYIUI M.RAILROADS.
MIWk .
Miles Uate Blze, or
Amouut
Par
..r
„,,„,?„ „ Rate J er When Where Payable, and
For explanation of column headings, Ac., see notes of
Outstanding
^,,
Cen t
p Hykble
on first page of tables.
Bead. Bond! Value
_
Prinei
line.
I
Long Island— (Concluded) —
\-i-.i. Lores, Pkihoipai oi
is nuu n ••vau
BR, y.Bh.Br.oons.M.81.426,000,gn p.dd <
N. Y. B.&Maii. B. 1st con M.$ 1,7 26,000 g.,gu.Ce
N. Y. A Rock. B., 1st M 0984,000, a
« .P. P. A 0. I.. 1st anil 2d. (886.000 2ds) iru
i
i
Ifcl,
i
i
i
i
//.—1st niort., 82.500,000, gold
II. rf 81.
Bo
L6fi
l
Louitv.it Jeff.Br. 0o.—Q5,000,000,g.Kn. p.4d.,end.c'
Louisville d Kanhrillr stock. $60,000,000
Ceoll.Br. lst.M., Cecil tol.oul*.,s.f.,,li.at 100.1 "
E.H.AN.lstM.. Hend.toNaah.,g, dr'nat 1 10
Louis. * Nash, gen'l M., gold, drawn at llu
L. C. A Lex. 2d in. m. f. not clr'n. I. on in. to Newp't.c
<
<
Gen.
niort. L.
('.
LAN.W-.-.vN
A
L.,
To
gold (formerly 6b),Mo.o"
46
151
802
175
175
189
45
2dM. an col. g. « D
M., gold dtr'n at 105).F..o*
141
N. 0. .V Mot). Div. lstM..N.O. to Mobile, g.F.o*
141
2d mortgage, gold
Boutheast'n .v st. l.oulsDlv. 1st mort., gold.... o* 808
br....r 208
2d M.,gold, Bast Bt L. to Evansvllle A
118
1st M. (50-vcai da), $15,000 p. in.. k'uM. I 'a. ..c*
1st mort.. collateral trust 1*7.000,000) gold..FC
Unified mortgage for $75,000,000. gold.< e.c-.u Text.
Coll. trust M., call pur art. 5 yrs.,830,000,000, g
Bt. i.ohIm propertj lei M., gold, 88ft0,000.ftM o
a Iu hands ot public; total Issued shown In left hand
Pensacola
Ala. KB.,
I>lv., 1st
.
110
In
whole or
a
kan n km.
1887
1895
...
President,
1,000
1877
1879
1SS0
I.oiilola
W. H. Baldwin Jr.
Philadelphia.— (V. 75,
mi
Is
Clillllll n;
Pres..
$33,001
15,619
under mil
I
sept
I.
sept.
I,
do
do
N. Y..
.
Jan
00.
ork
N. Y..R Wiuthro]
1,
1945
I,
19: 3
.
9 B'rd
Mn
July
Knlck. Ti
LOUlSl Ille, K v.
N.Y..Bk.of Am .V LOOlS.
May
2*
o
g.
I
B
i
i
Morgai
N. Y., 120 Broadway.
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
D
7
4>*
6
6
6
M I N
g.
g
6
A.
g.
g.
ft
J.
A
M.
6
.V
•1
A
M. A N
m a h
3
5
5
4
4
5
8
J
M A
-
J.
A.
A O
Hee
olliclal
1941
i
I. 1946
Aug.10
Man. 1, 1907
1919
1.
June 1, 1930
1907
1.
Nov. 1, 1931
Apr. 1, 1910
Moh. 1, 1920
Jan. 1, 1930
Jan. 1, 1930
I, 1921
Moh. 1, 1980
May 1, 1937
Nov. 1, 1931
Julv 1, 1940
York.
Apr. 1
Mcli. 1. 1916
Louis, »i.
Tr. Oo
d. e. f, e. see foot note on next page.
U
Bt.
mort
tleil
at Alexandria
A
I
1950
1
1.
-
N. Y...I. r
1908
7
M
1927
1931
1987
Jul J
NY., Moody. MoL.ft
statement, Y. 77. p 36.
President, Wil-
Vlee-Pros., P Mcllvrled; Sec.
lenborn, 71 Broadway. N
and Treas., UlarciHi- Cll.rbe, "Shreveport, La. (V. 77, p 36.)
LoiiIhIuuh southern Ity.—Operates from New Orleans to Belalr
miles, A reorganization of New Orleans A South
and Shell Beach.
'S
;
.">
1
ern, foreclosed October 88, wi»i. See V. 64, p. 83. In Jan., 1901. the
United By, A Trading 00. of Euglaml acquired over 95 p o. of tl
and bonds, that coinpativ also owning the KenlNworth Sugar instates,
lo.uoo acre-. V. 76, p. 706. stock, $300,000, par $100. Dividends In
190001. 7 p. c; in 1901-02, 7'j v. c. Year l'.HMl 01, gross. $91,780;
net, $39,264; int. and tax., *19.Si:i, baL, BUT., |19.46L -(V. 76, p. 705.)
Loulalana Wewtern UH.-INc
»/ Southern 1'aeijle.)— Owns
miles; Midland to Eunice:
otal, 164 miles. Operated
independentlv, but in oonneotton with Southern Pacific Co. system,
stock.
which owns all the $3,360,000
if";'
fron. Latarette, La., to Bablne River, 106
24 miles; Midland to Abbeville, 34 miles;
net, 86
j 1902 -3. ...Gross, $1,575,568;
1,595,663; net. 700.3*7
July 1 to Apr. 30.
S 1901 2. ...Oross.
In year ending .Mine :i<), 1902, gro--. -1. < '.s88; net, Including other
Income, $942,131; surp. over chargt^s, $769^291; amount of net profit
due this company as per lease, $812,182.— (V. 74, p. 268.)
Loiilxvllle
At. It It. —Versailles, Ky.,to Beattyvllle Jet 10lm.,
reck to i;eatt\ viiic. So miles, opened In Dec. 1902.
of which Miller's
Extension of 55 mile- propoaed to connect with the Norfolk A w
incorporated in July, 1899, as Buooessor of the Richmond Nlcholasvllle Irvine A Beatty\ ille KR.; sold under foreclosure May 1, 1899.
Y.71.p. 236. Stock. $1,000,000; par $100. Bonds, see table. Year
ending June 30, 1902(76 miles), gross. $150,237; net (operating expenses. Ini'liioing s:t >."<o-i paid lor new equipment), 86,724; interest,
$38,094; taxes, $3,168; balance, def., $34,538. President, James P.
Ain-den; s.-i •., K. M. \Valla« -e. Oillce, Versailles, Ky.— (V 71, p. 236.)
Earntngb.— 10 months,
A
,
<
•
LoulMVllle Itrid^e
<
».— Owns
bridge
">,2!>
1
teal
long over Ohio
in LouisRy.. Louis.
Nashville, etc. Surplus earnings are paid back to roads using bridge.
STOCK is $1,500,000; Penn. Co. owned Jan. 1, 1903, $900,000. Dividends, 1896, 6»« p. c. 1897, 7 p. o.; in 1898, 6 p. c; In 1899, Feb., 3
In Mar., 1903, the Court decided that the minorltv stockholders
p. c.
were entitled to 8 p. o. dividends since 1896. (V. 76, p. 7c
July, 1900, paid 8 p e. dividend for the Aral half of 1900 ami last half
Mar 25,
of 1899; May, 1!101.3 p. c; Oct, 3 p. c; Got., 1903,
p
In
net overtaxes, $154,391.—
1903, 3 p. c
(V. 74, p. 481; Y 76, p. 705.)
St. Louis Ily.— Road.— Louisville
LoulMVllle llendemon
to Henderson Ky., 142 miles, of which West Point to Ixulsvllle, Ky.,
2 miles, Is trackage owns also Irvtngton to Fordsvllle, Ky., 44 miles.
ili-roRY.— A reorganization June 1, 1896 (per plan in V. 62, p. 138),
of the LomariUe Bt, Loula 8 Texas, sold In foreclosure.
Skcdritieb.— Stock, common, $2,000,000; preferred, 5 p.o. non-cum.,
$2,000,000. The stock Is to be held by John J. McCook, Brayton
Ives and Oscar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote ol trustees. See terras V. 62, p. 138.
Of the bonds $300,000 are reserved to build to Louisville.
Used by several
railroad-,
I'
0.
<
.
A
A
St. L.
;
8nr.$59,494siir.$250,073
Robert YV. Smith, Broad
$1^2,957
118,476
B
M
I,
Oct
-
J.
.v
Oct.
I
River at Louisville, Ky., and about 2 miles track additional
p.
$295,575
198,270
i
g.
ville.
ArkaiiNHM Ily.— See Ma/>.) — Hope,
97 $478,532
92 316,746
5
-.
g.
JiiO.OOO
lialan ce
I
1902
1901
5
1,785,000
8,584,000
892.0O0
lssi
3,258,000
lsso
dl,926,000
e544,0O0
lsso
lsso
5,000,000
1,000,000
1880
3,500,000
1881
3.000,000
1881
1,000
fl,749.000
1,000
1887
lsss
1,000 tf4, 940,000
1890 1,0004m b30,095,000
17/0o,«i(m
1.000
1903
617,000
1,000
1891
1877
1399; V. 76, p. 158,266, 435.)
A
Ark., to WinnUnder construction Horn wmnfleld easterly
field, La., 148 miles.
to Jena, :>s ml ea, and proposed from Jena easterly to Vldall ». on the
Mississippi Klver, opposite Natchez, MIhs.,51 miles, and from I'ac .ton
southerly to Alexandria, 42 miles. V. 75, p. 135, 1306.
Stock.— Stock (authorised, $2,250,000. outstanding. $1,750,000,
shares par $100), deposited with the Standard Trust Co. of New Y.u k
Voting trustees 10 years: William Buchanan, Kdu aid K. Porter, BenJ.
F. Yoakum, Harvey E. Ki-k and Charles L. Back.
Bonds.— Former bonded debt $600,000 at 6 p. c. has been paid ofT
New issue of 5 p. o. 25-year bonds is for refunding, betterments, equipment and extension*!; total authorized, $7,000,000. of which $1 ono,
000 reserved for bridges across Black and Red rivers and the balance
limited to 880,000 per mile of completed rai.road. Th« entire amount
outstanding, but no part, will be subject to redemption at 110 after
Sept 1, 1907 Beginning with 1907 a sinking fund of $55,000 ner annum to buy bonds at 110 or under.
Earnings— 9 months. ) 1902 3
Gross, $376,066; net, $106,94
July 1 to Mar. 31.
Gross, 355,272; net, 137 <.ii;i
J 1901-2
Report.— Report for year ending June 30, 1902, was given at length
In V. 75, p. 1299, 1306, showing;
Mil**. Orost. Op.ex.it taxes.
Tear—
X~et.
Oharget. Baiawe.
8t. Station,
g.
1,600
2.200,000
8,600,000
60,000,000
100
81,000
1,000
1,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
(
None.
Treasurer
5
500
$1,345,642 $1,281,186
$1,631,552
837,2-0
837,280
210,832
258,701
232,084
484,295
322,800
322,800
4,749
16,962
5,440
541,255
10u,000
195,809
None.
>
1,000, DUO
Net earnings. ...$1,772,056
Total net
...$2,104,744
860,613
Interest on bonds.
Balance
o,
1896
1895
W.l ,TJ.S Mort. a
orbln Mai
8. N.Y.,1
2,240
.
Reserve fund
O.
M 8
g.
g.
1,000
100
1
...
1,600.000
100,000
1.000
.
Rentals
Miscellaneous
A
A
Sellll -all
5
5
1881
;
...
A.
lh
iS(
1901
antees 5 p. o. on $650,000 New York Brooklyn & Manhattan Beach
preferred stock as part rental also 4*2 p. o. on $50,000 P. P. & So. Br.
stock, and 4>s p. o. on 882,500 of the N. Y. A Coney Island stock.
Finances.— In 19o3 Atlantic Ave. (Brooklyn) Improvement was
well advanced, the total cost being estimated as about #2,500,000,
of which one half will be borne by the cltv.
See V. 72, p 722;
V. 64, i>. 489; V. <;:., p f>12; V. 66. p. 471; V. 73, p. 613, 1011, 1207; V.
75. p. 135, 342. 114.; V. 76, p. 435.
In Jul\ 1902, contracts were let for the extension of Rapid Transit
tunnel [being constructed by olty) from Manhattan under the East
River and thence to Klatbush A\e station, Brooklyn. V. 75, p. 30,
185.
Also.lnl902 the Penn. >. Y. & Long Island UK was incorporated with $20,000,000 stock, to construct and operate by electricity an underground tunnel railroad an an extension ol the PennBJ
vanla BR. system from Jersey City, and thence under the Hudson
River to a central passenger station at 83d street and 7th to loth avenues, and also under the Baal River to a connection with the Long
Island KR. New York Connecting BB M Y. 74, p. 830; V. 75, p. 1203
Latest Earnings.— July 1 to Mar. :u 9 mos. System, 396 nilles.
Other I nc
Balance.
9 mot.—
Urott.
Net.
Charge*.
1902-3.. ..$4,64^, 621 $1,188,24.0 8301.002 $1,196,476
$140,773
1901-2...
1.22<:,S07
219,31)8
1,222,888
219,317
4*256,499
Annual Report.— Report for 1901-02 was In V. 75, p. 1145.
1901.
Tear ending June 30- 1902.
1900.
1899.
Gross earnings
$5,883,607 $4,862,347 $4,557,259 $4,622,475
Operating expenses.. 4,111,550
3,516,705
3,276,073
3,311.371
Taxes
Q.-J.
g.
g.
J.
on any Interest day. V. 68, p. 618. Morts on
V. 76, p. 266.
addition to guaranteed bords In table above guar-
.
5
M.
500
In part
in
Hl.6ol.00O
1,000
1.000
1,000
1,000
1,000
real estate, $448,737.
<it'
5
81,000
1892
19
K
»
<
I
30
125
88
154
45
106
101
v
i<m. <f ^rA.-i-t lf.,|
Louisiana <f Sorlhwcst I(H
iir-t niort., gold
..
J- Sin.- lit M. go]
K
Z,a. Houth'n— 1st M., g.,red. at 105 after 1908
Louisiana Western — \ni mortgage, gold.
Louitv. it Atlantic — \*l niort.. gold, *1,000,000
Louisville Undue Co.— Stock
Louitiwu Hy
Lmi.it.
\MI
l^.tfjiv.
.»
$149,956
103,8
7
Wm. Buchanan, Texarkana, Ark.— (V. 75, p. 1 299, 1 306, 1354.
Louisiana A Nortliweat It It.— Owns Magnolia. Ark., to a point
trackage, Magnolia, to McNiel, 6 miles.
8 miles south of Bienville
Extension southerly to Natchitoches, La., 36 miles. Is to be completed
further extension proposed to Crowlev, 110 miles.
daring 1903
Stock,
$3,000,000
authorized;
October.
issued
In
1902,
$700,000, par, $100. Loans and bills payable June 30, 1902, $v76,521. Trustee of first mortgage bonds, People's Trust Co., Brooklyn, N. Y.
There are also 50-year gold consols at $7,500 per mile,
all owned by company. Year ending June 30,1902 (86 miles).
;
;
$154,331; net, $75,676; int., taxes, rentals, etc.. $59,609; hal., suriuus,
$16,067. Gen. Man., J. D. Beardsley, Gibsland, La.— (V. 73, n, 957.)
Louisiana It all way A Navigation Co.— Owns Shreveport to
Mansura, La., 154 miles Extension is under construction from Man
sura to Baton Rouge, La., 71 miles, and branches from Colfax to
Winndeld, 28 miles, and Camptl to Chestnut. La., 14 miles. Also an
thorlzed to build New Orleans and thence south to the Gulf of Mexico
Successor on June 22. 1903, of the Shreveport & Red River Val
Ry the charter providing also for the ownership and operation of a
line of ocean steamships In connection with the road. V. 77, p 36;
•
|
,
8tock authorized, $12,000,000; outstanding July, 1903, $3, s
par or shares. $l 10 Bonds (see table below) are limited to $23,000
per mile; $300,000 have also been Issued for a bridge over the Red River
I
•
I
I
A
i
;
Earnings— 10 months,
1902-3
Gross, $673 910; net, $200,538
J
July 1 to Apr. 30.
(1901-2
Gross, 577,538; net, 146.181
KKroitr for vear ending June 30, 1902, was in V. 75, p. 1199, showing: Gross. $696,064; net, $180,294; Improvements. $87,941: interest. $110,000; taxes, $16,000; balance, surplus, $16,353
In 1900-1.
gross, .$668,484; net. $198,282.— (V. 73, p. 442; V. 75, p. 1 199
Loulnvlllc a Ji Hi r«(in\ Ille Bridge Co.—One-half mile long
and the approaches one mile: opened Jan. 1, 1896. Also owns about
40 acres of land In Louisville and 100 acres in Jefferson vllle. Stock,
#1,425,000; mortgage Is for $5,000,000 (trustee U. 8. Trust Co. of
N Y. and Union Trust Co. of Indianapolis); bonds for $1,500,000
are reserved for future construction, etc.; the bonds are guaranteed by
the Chesapeake A Ohio and Cleveland C. C. A St. L. roads. In whose Interest the entire stock is owned.
See V. 61, p. 559.— (V. 62, p. 84.)
Loulnvllle A Nashville Kit.— (See Jfap.)— Road.—Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to Bt. Louis, Mo., Memphis, Tenn., etc., 2,471 miles, making total system proper June 30, 1902, 3,392 miles. The system Includes
Line* owned absolutely or
Reported teparaiely.
Mile*.
through capital ttock
Mile*. UNasbvllle Chatt. A St. Louis. .942
Louisville to Nashville
185 11 Georgia Railroad system
626
Sundry other lines
2,933 UAtlanta Knox. A Northern. .228
Line* leated, Ac.
>;ed for other co's
52
USouth A North Ala. RR
189 Owned but leased to other oo's. 21
Henderson Bridge
254
10 Do. Padncah A Mem. Dlv
Otherlines
70 Blrm. 8outh (half sfk owned). 27
II See this company.
Total system proper
Total of all June 30, '02.. 5.542
3,392
In Feb., 1902, sold Cecilia Br.. 46 m., for $l,"O0,O00. V. 74. p. 326.
In Apr.. 1902. acquired control of the Atlanta Knoxvllle A Northern
Ky.. Knoxvllle. Tenn., to Marietta, Ga., 205 miles, witli 25-mHe branch
and trackage to Atlanta. Ga., 20 miles, and in Oct., 1902. was building a
connecting line from Jelllco. Tenn., to Knoxvllle. 65 miles, giving di
1033.
red line between Cincinnati and Atlanta. V. 74, p. 77
iRQANiZATiON.— Line opened between Louisville and Nashville Nov..
1859. For securities owned and In sinking fund see V. 75, p. 140, 1042.
)
:
'
•
SO
INVESTORS' SUPPLEMENT.
rVoi„
LXXVII
July,
RAILROAD STOCKS AND BONDS.
1903.]
KAILROADB.
For explanation »( column headings, -fcc, Bee notes
on Urst page of
^^^
of
Amount
Pai
<>r
,
When
,,?,",'"',"{?„.
,t
-f Concluded)—
v.; si, villi
L. AN. unit Mob. .v Mont. joint b<:
Feiis.AAt. iBt M..gold,s.f.,dr'n at llo,,-
17!l
•
Ken»
New mortgage
Nashv.
Ho.
A
($7,000,000) gold
No. Ala!,
2d M., ({old, h.
000,000),
.in. i,
OonsoL m<
•
i
f.,
g.,
l.OOO
1,000
1900
1.0(H)
$2,000,000.
gu
1st
Macon
Macon Dub
Uatn. Centt til Stock and
1st COUmoI. mor
.1
.red.at
Oi
MM
|
rental, 999
p. o.
xn
p,
.>
Dex'
iqulastock
Do vei,
j
Lend mt.c
'
Port
p.o. rent..
.>
etc..,
guar, by end.
b Also $16, (150, 000 are pledged to seoure
4834,000, e $36,000, f $16,000, g
1888
1887-8
17
17
m»
tin-
J.
1889
1
July
July
M.mk a Portland
1
l.
1,
Ai.r.
Ai.r.
(
{
4Hl
4»« g.
4H»
4 g.
191*.
1.
June
1
.
0,000
l,
J.
A
.1
J.
A
J
A.
A
A
Cent. Of. Auk 3o
2d Nat') Hk. .v Port V.\
i
J'lic 'IPortl'd, Mr., a
J.
Dover, Me., 00
July '0.
J. Bos.,2dNutl Hk., 1'ort. July
Hk.
do
Bangor. Ttt
Portland,
2
A
5
4
5
4
122,000
175.0O0
1917
A
K.
400,000
3i*
Julv. 1916
;
oi
4
1,300.000
Nat '1 Bk Port
do
and I'or;
1
do
do
Apr.lS
M<-.
i
J.
J.
1900
..
l
owned by the Oo. on July
were
l.
,m. on
.
bonda, 836,000, not paid.
(V. 63, p. 104
Tallin Dublin A Navamiali Hit.— Owns road completed from
Macon to Dublin, 5 miles; projected to Savannah, 99 mile- additional
1
,
which 7 miles easi from Dnblla, together with branch from
terminus of line to Vldalla, 33 in., completed In Jl
in.
Owned by the ill A oa. Improvement Oi. of Chicago V
711.794.873. In July. 1901. made a $1,500,000 mortgage
of
-
i
June
V
rastee.
.
60,
p
to the
184, Pill- pi
30, 1902, gross, $1 17.953;
p.
:>
,
In year ending June
$1,350,000; par.$loo.- (V.78,p
3o, 1900, 833.963.
-.lock
.c
;
i
:.">
>
i
1
.
<f-
—
I
,;
.
[flalne OentTSj It It.— I.lneof road, Portland to Vanceboro. M
Augusta, 351 miles; branches. Cumberland Junction to Bkowheiran,
i~t.>ii :»i miles;
Bath to I^ewlston and Parmlngton. 76
branohea Belfast, Dexter, Buoksport and Mt. Desert, Includlna
(77 miles), 183 miles; Portland A OgdensbUTg Py., Port
Lunenberg, lio miles; small branohes, 7
-and Hers
n- .ht., n. 11., to Time Kidtre, Quebec,
Bath to BooKland (Including t-t.-am terry, 6-10
834 miles, or which 895 owned, 388 operated un.i.-r 999 year
and practlcall) owned; :va miles operated undei 50
and 9
miles ferry lines Boston A- Maine owns $2,51(i,00o stock.
%.— Htock for$2,5H;.O0(» owned by Boston .v Mam.-. V. 72. p. 988
Di viKi.NDs. — 1884 to Jan., 1003, 6 p. 0. yearly.
Bonds.— There are also $81,000
•
I
e
A
.
1
i
i
» -i
-
Lykens Valley RR, A; Conl Co.— Owns from Mlllersburg. Pa., to
WUliaiwstown, Pa., 20 miles. Lease to Northern Central is terminable on 00 days' notice.
Rental $35,000 per annum— (V. 64. p. 330.)
.11 a <-o n
A UlrmtiiirliHiii Rv.— Owns Sofkee Junction to La
Grange, Ga., 97 miles; trackage Sofkee to Macon. Oa., 8 m.
Earnings.— 11 mos., ) 1902-3
Gross, $127,580; op. def., $8,463
JiUy 1 to May 31. $ 1901-2
3.623
Gross, 104,949; net,
mortgage) ootid-,
dm
Interest
14, r«nw80: 1902.
.194,305
Net earnings..
1.425.160
Other income..
Net Income *1,579,< 23
1,666,717
134.585
$1,801,253
$043,110
$604,233
85,744
$1,796,992
8884,870
2,933
.526
29,440
200.OOO
no
•
Rents
Dividends
Sinking fund...
(
looo.
1901.
298,566
29,440
lharged off
—
Lhu
7,090
,4«7
11.".
Burp
,031
(V. 72, p. 988; V. 73, p. 142, 1007; V.75.
Rlancbesterat
17.037
1,711,5
Hal.,
,148
p. GOO, 102 8.)
renee int.—Owns from Man Chester,
:
for
50 years
tf.
50
dtv. of
p. o.
I
C
laiihaUHii K>
H.. to
frc»n
rental paying 10 p. 0. dlv. In
paid from proceeds
A M. suit.— (V 73. p. 1
r
.
'
I
and sinking fund paid out of rents
A Km. .-lock and bonds, +1 1,000, exchangeable for M C. ttoi I.. Joint
i> with
B. a M. guarantees 8300,000 Port Union Station bo
Annual Report.— Report for 1 001-2 was In V. 75. p. 1028.
not guaranteed.
I
<
old C'olonj Tr.
.
lonal
190
.
.
1
July, '03. 1V»\
'•
J. N.Y..
%
2,119.000
Xashr. bonda are drawn at HOby lot
f In October, for payment Deo. 1 In amounts Increasing each
per year Is finally reached
In 19<"_>, $55,000.
The Pensaeola Division bonds are subject to a drawing sinking fumi
85.000 till 1900, inclusive. then $10,000, and so Increasing.
The general mortgage bonds of 1880 are called at no in in <reaslng
amounts each year; ^337,000 a ere paid June 1,1908. V*. 76, p
nitled" mortgagt (trustee, Central Trust Comin June, 18
or 876,000,000 waa authorised, -n 917,660 bonda betns r<v
served to retire all prior liens (none of the prior liens can lie extended),
line for Improvements, extensions (at the rate of -r^'J.oooper
mile. Including equipment i, ami for otherpurposea
be mortgage oovstock
era (besides l .•_".»•_' miles of road and its equipment
of companies com roiled, ami 83,150,000 bonds tree from an] Uei
of mortgage In V. 61, n,
In
73, i> \< :u. 1188
Apr., 1903, company reported $16, 1 1,000 la ued.oi which •17,288,000
in treasury or deposited to secure the coll trust La of 190
»o to seoure OeolUa branch bonds.
Total
In sinking funds
Usted|on n v Btook Kxoh In July,
7.74.p.677.
Lexington general mortgage bonus are
Louisville Cincinnati
now limited to 83.258.000, V. 88. i>. 1010.
Mohiii <r Montgomery LouiteiUe 4 Ifatkville joint mortgage It for
S5,ooo.ooo, a tirsi iien'ou 17s'... miles Mobile to Montgomery; *l,000,00 reserved tor Improvements. V. 61. p. 11 "0,750.
Kentucky Central mortgage abstract V. 4">, b 3
000,000 authorised Issue) are
TheeoUateroi tru>t 4s of
...
i.
secured b) deposit or
AN. unified la .and will be
ed by 87,341, 00 ad Utlonal as reoel ved during 1 03 -i
N. PaduoahA Memphis division bonds, the latter covering the
l. A
road from Paducah, Kv., to Memphis, Tenn., 254 miles; $'2,500,000 L.
.North
ual Co. is (V.75, p. 1864), 84,221.000 Bontb a
Alabama 5s and * 00,000 Pensaeola A Atlantic n-. tot il .t:: ,; Ki.OoO
A proportionate amount of the collateral may be withdrawn
bonda.
at any time on delivery to the trustee or not ic~~ than $l t 00o,
000 of the bonds. The proceeds of the 823,0O0,O0u to be Issued in
ill be used to take up the $7,500,000 collateral trust la paid otf
April l If 03, and the Bt- 45.400 8outh A North Alabama
Mn\ 1, 1903, and for other oorporate purposes. V.7(J,p,
.00.000 Louisville A Na»nville Southern By. Joint bonds
Of the $1
of i;»oJ. $582,700 are reserved to acquiic tin- remaining "Monon"
stoi k ami #2,110,000 for Improvements and anlargementa <»f the
'•Monon'" at not over $500,000 i early.
ftHANOBS since July 1, ls;»4, the "construction account"
aas been closed. Amount of permanent Improvements charged In
101-2 waa 81,487,277; In 1900-1, *;
102 the Louisville A- Nashville and the Southern Ball way aoLoulequired *9 ,746.900 oi
1,000 Cbloagu Indianapolis
vllle Boramon snd $3,873,400 of the $5,0 0.0
preferred siock in exehange for their Joint BO-year 4 per cent bonds on the basis of 78 for
aion and 90 for the preferred st ck or optional i\ '.(> per cent
of the purohase price In cash. V. 74. p. 13-v V. 70. p D
Ki I'uuT.- Ad\ anoe atatement for 1902-3 (partly estimated) waa in v.
77, p. 80. Report forl90i-0°. in V. 7.">. p. 1037, 1035; see also
liioo
I'.'Ol.
l'ear net. June 30
1903.
1902.
3.100
Fruielit earnlnga
$22.772.1 7t5 $20,4 1H. 162 f20,<
6.217.P03
5.742J381
Passengers
Mail, express, etc...
l,722,27tj
Orosa earnings
885,415,389 830,712.:
23,!'""
Oper. expenses
20.902,488 18,333.033 18,608,406
Net earnnu's
II ,46
9,789,178
9,13
9,809,819
Net.lncl. In
9.78
10,810.841
10.493,861
*~Deduct— laxes
$;) ^4,000
8813.538
$832,074
Interest and rent...
1
5.1 1.7 B
4*998.612
4,987.018
5 n
AdVstoS AN. A .etc
257,331
118J574
,342
206,
1.
Sinking f'd paym'ts.
141.10O
14 1.400
128,900
Dividends. 7..'.
(StSjl 00.01
(5 )2.875.000 (5)2,095.000(4)2.1 12.000
Hur) over dlvid'ds 18,136,459 81.850,30
$1,586,113 $1JJ(
Ot'FICF.liS.— Chairman, Ilenrv Walters, N. Y.; President, ftf. II. Smith.
Louisville; 2d Vioe-Pres., a. W. Morrlaa, 120 Broadway, N. V
Dlreo
tors, Dec, 1902, V. 75, p. 1351. (V. 76, p. 705. 7")-', 1193; V. 77, p.
so.
•
.1
13
9,000
l.ooo
1,000
loo
1.000
of the
>,()00
.
1
Jul\
•">
>
,v
&
I.
I
1,11
Atlantic
i
,
IP way.
v. V.. Office,
J.
1,100
O.OOOoui standing) but the roads will be operated Independently.
V. 7-1, i> 830, 103m; V. 75, i>.
STi.i k
-Inoreaec from $55,000,000 to 860,000.000 authorized lr
In April, 1902. tbi
109.
iok wai
issued ror Atlanta icnoxviiio <& Nor. By, and extension. Bee above.
'91 -:
'o:s
'i't:
18 *99 '00 '01 *09
Div.— l'83-f
>
5
4
None. 8H I
5
4
P.O. S Noes. ftstk.5stk.
In 1890. of tin- 8 i>. i-. paid, 49 io p. o. waa In stock.
Sender,
O. N.Y.,-
Jul)
<-l-
trust bonda of 1903.
Additional uiiiouuts
ooo,
1*82 3,000,
k .-.10 0,(100.
oollat'l
Apr
J-
1909
'.In
loo
100
B.f.
Con tml by Atlantic Coast Lint.— Late In 1903
BR. acquired a majority of the. stork
I. In.-
A
A.
g.
•1,7..
1891
130
109
109
11
1
1
A ilk'
800,000
1,000
1,000
l.ooo
l.OOO
1,000
1,000
1,000
1887
M
48
i
>gdens. Btook (2
Jan.
Julv
ilo
I
1872
41
<
<
.to
l.l
304
B
i
Fort land A
do
1(H)
for Mt. Desert Branch A
Sinking m. 10-208, gold, old 6s, ext. Feb. i.
.A," gold, not iiiort., B. f. > It
Impi
l)i>
.In
"lC'inr., not Muni., m. f.HH
1m. refunding mort., gold...
Me.
ot- Line BR.
So., assumed
1st M. Pei
ni.lt II
... 2d mort.Ib
i.
l.OOO
1901
Broadway.
N. V.. 120
way.
g.
4
1,788,000
O01I1
50<
M
UO
8.
J.
do
1
jo
20
0,000)
$9,oo..
Coll. !•
ua a
..NATO
I.
A
A
B.OI
l.OOOAc
Cm
M., $500,000, gold OH
my
Whom.
g.
I
l.ooo
1888
L. & N.-So. Joint M., $15,500,000, red. af.'o.
,t
Louinviiti New Alb
Okieago. See
i>rk.
l,uicrn>
Rental paj
4
K>,000
k l,9»(
Own.
105
i
4»fl g.
M.
J.
lH.000,000
11,697,000
11,000
896
1881
Mp
Fior.dsJBheff., 1st M., g.,assu. in
l
ort...
;
Where Payable and by
'ayahle
t
Louitrillf
»1
(l.levaied).— Po vD-Owns all the -levated
boroushs of Manhattan and the Bronx, N.Y. city, main
roada In
.
rall-
line
and branohes, 87>e miles, donbled-traoked, with 1;
Utlonal
bird track, sidings, etc
V 70. p 176.648 Late In 1902 began using
nurd-rail on entire system, v. 75, p. 733.
\si..- The Interborongb Bapld Transit !o, leasees the road for 999
.in April 1, 1908, the rental from Apt
1, L9<
to be 6
per annum on the stoek and 1 p.- r eenl additional 11
earned, and after Jan l, 1906, 7 per cent; also $10,000 yearly
•on. Of the $1 -,000,0110 new -lock authorized In
1
.
1
<
il
.
]
'
Jan. 19
remaining $4
1202. IS
p 101
7ti,
ic.
V
.scribed for at par !>v stockholders: the
not to be issued prior to Jan.. 1906, v. 75, p.
70. p. 2 2: also Iiit.-ruibau Kapld Trai sit
.... V.
(
Form of guaranty, V. 78, p. t-o.
-In Jan.. 1903, authorized tube increaced from
*?i«,O00.000
00
-.—Consolidated mortgage (trustee, Central Trust Oo.) Is limited
on present mileage to $40,000,000, and will provide for prior bonds
when
due.
Amounts beyond $40,000,000 may be
Issued for est
$30u.000 per mile of single and *G0o,0OO per mile of
(See abstract of mortgage In V. 51, p. 248, and applicaYork Ptock Bxohange in V. 52, p. 353 )
rate of
louble track.
tion to
New
To May, 1898, claim* aggregating
had been paid a
abutting property and other cases were before the oourt
OHKoniri.h. v 66. p. :»54. and v. 67, p. 789. Personal property t«i
ent, see V. 66. p. 054; V 67, p. 222; 1
I, and V. 71.
--',134.
p 1120, Taxes in litigation Jan.. 19<. 3. per baian
which about half was settled In Jan., 1003. V 76, p. 212.
.
;
DiviDBNDS.— > '87
*98 *99* 1900 '01 *03 1903
4
4
4
4
4
li
In 1903, Jan.
31,
Apr.,
0. for 3 mos.
p
190'. and 1 p. e additional for the 9 mo». to that d,.
See V. 76 p. 1240. As to dividends p.v. able under lease, see at
Earnixos.— For 9 months ending Mar. 31:
flrow.
!
Wet.
Otfi.inr
Int.. tax., etc
136,549 $4,777,845 $2
2.'.
1901-2
-.!
514,513
2,043,' 21
vl Rej*ort— Report for year 1901-02 was given In V
495, and report for year ending Sept. 30, 1902, In V. 75, p.
I
t. s
6
m
'8s
5
<•;
'
5>«6yrly. 4»2
Up.
1
1
—
r
i
INVESTORS' SUPPLEMENT.
62
_
RAILROAD8.
[Vol. LXXVII.
Bonos - .Principal, When Due.
INTEREST OR DIVIDENDS.
„,,
Miles Date Size, or
Amount
of
of
Par
When
For explanation of column headings, Ac, see notes
"""tanaing Rate peri Payable Where Payable, and bv
Road. Bonds Value,
Cent.
on first page of tables.
Whom.
Maine Central— ( Court talrd —
>
Hereford R'y stock (4 p. o. rental for 999 years)
lBt monvaire. guar. p. A I. (endorsed)
Upper Coos rr. stock, 6 p. c. rental 999 years.
1st inort., guar.
p.
. .
53
53
55
22
33
14
14
19
22
j
'
(endorsed)
.t 1.
Extension M.. #21,000 p.m., guar. p. A Mend.).
Dexter A Newport, stock, 5 p. c. from Nov. 25, '98
1st M. (old 6a refund, in 1807) gu. p. A 1. end."'
Eastern Maine, stock, 4^ p. et., rental 099 years!
Hanches. <t Lair.— Stook.10 p.e.ren'ltill 1937.B.AM.
Real estate bonds (not mort.) int. iru. by B.A Mc
Mavhuiiun
onaoL stock, 960,000,000..
..|.ol. Kl. 1st M., $600,000 p.m., au'd.g. <'..('
N. Y. El.
18
32
32
53
r
oorisol. mort., gold <>.<
Manis. M«rq. rf Sorth'n- 1st M.. $1,500,000, gold.
.$"
ri |>
Peak Ry.- 1st
Man. <sMarietta Cnl J- chr-f.t 1st
, #250,000, gold.K
Mar. dt I'hiriiur it S A'in. V. RR.P. 1st M. g..«
S.R.V.M. ,g., $750,000 (V.»;7.pi:i..7).K. c
Maryland <t Perm.- York A t'eacli Hot. M. (lext)
1st mort.. $1,200,000, gold, call at 105.HeBa.o'j
cum., call at par *l
Inc. M., $900,00 •,
Massairi/rpi— Stock guar, same div. as Conn .A- Pass.
.-.
M
Pikf
M
9
<
•
49
34
43
40
84
84
37
23
MA
M.AP.A
'
Ha..
4%
oonn eaul Lake «t LUiesville let M
Mexican Central— 1st M. (unassented) inclu.
Mtatiriiu
$100
100
1890
1890
1,000
1,000
10O
1897
100
1,000
100
M A $
j
scrip
Consol. mortgage, $32,000 per in.. gOld.BB.O*Ar 2,689
lstcons. inc. Aserlp,n.-cuni.($9,600p.m.),K.ABe* 2,689
2doon.inc.$6,400p.m.red.at50%toAug.'29AKc-i2,689
Registered income bonds and scrip, unassented.
Equipment bonds, 850,000 oalle 1 vearly at par..
do $50,000 y'lyAug.l); ret 102^ beg.'lOOB.Cl ....
Coll.tr. bonds, u., see. by cens. 4s. call par.ItlSic*]
(
|
1,000
1,
000 Arc
1,000
1,000
1,000
1,000
1,000
1,000
"i'oo
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1.000
1.000
1891
1881
1889
1889
1889
1881
1897
1899
1902
!
.11 a
n i ia ii IC > .—(Concluded.)
1902.
1901.
1900.
Year ending June 30
$10,665,911
$9,416,887
$9,138,573
Gross earnings
5,147,326
3,905,953
4,163,658
Net over operating exp
625,800
836,383
831,325
Other income
2,699,671
2,707,765
2,677,706
Interest, rentals and taxes
(4)1,920,000 (4)1.920.000 (4)1,920.000
Dividends
Balance after dlvidendB.sur.$l, 153,455 sur.$402,335 sur.$109,513
Yr.8ep.30. Passengers. Yr.Sep.30. Passengers. Yr.Sop.30. Passengers.
1896-97.. 183,184.641 1898-99.. 177,204,558 1900-01.. 194,152,316
1897-98.. 179.728.356 1899-00.. 183.788,851 1901 02 223,427,283
(V. 76, p.3^2, -ISO, 512, 705, 752, 919, 1219; V. 77, p. 147.)
Northern
Manlstlque, Mich
llinit-tlqiic .Marquette
on Lake Michigan, northerly to Shingleton, on the Duluth So Shore
Atlantic. 40 miles, with branch to MoNetl's. 13 miles; V. 75, p. 185.
To operate a car ferry (to be opened July, 1903) between
lstiqne and Northport, on the Traverse City Leelenau
Mamstlque
RR.. to be built from Northport to Traverse Citv, 30 miles, as an exIndiana Ry. V. 74. p. 776; V. 76, p. 810.
tension of the Grand Rapids
Stock>, liovns, Etc. -Stock, $2,000,000, all outstanding. The unissued 5s of 1902 (authorized issue of $1,500,000; Union Trust Co of
Detroit, mortgage trustee) are applicable to an additional car ferry,
equipment, improvements, etc. V.75, p. 185. For yearendin.K Dec. 31,
190'A eat nini.'H inclii-'iiii: operations for 4 mos. to Ma; 1 by Man. A
Northw.Ry. were: Oross earns.. $112,871; net,$37,222 President, R.
R. Metheauy; Sec'y, B. B. Metheany.— (V. 75, p. 810, 864.)
i| a nit --n
Plhe'* Peak Ky.— Manitou, Col., to summit of
In June, 1903, an extension
Pike's Peak, 8'0 miles, standard gauge.
(tob( electric) from Pike's Peak to Cripple Creek, 9 miles, was regorted to be prop Bed. Operated from April to November, yearly,
tock. $500,000; par of shares, $100. In Oct. 1902. all coupons due
had been paid. For year ending Nov. 30. 1901, gross, $88,142; net,
$37,550 interest on bonds. $25,000; taxes, $1,689; bal., sur., *10,861.
President, C W. Sells; V.-P. and Treas., Z. G. Simmons; Sec, J. B.
Glasser. Oilloe, Manitou, Col.— (V. 71. p. 646.)
,
|
'
I
—
KR.-
A
•
&
Mm
&
A
A
;
JUarlcopu
A
Phoenix
A
Salt
It
i
ver Valley
RK.—Maricopa
to PhcBiiix. Ariz, 36 miles Tcmpe to Mesa, 7 miles; total, 43 miles. A
consolidation In Dec, 1895, of the Maricopa A Phoanix RR. and
Phoenix Tcmpe A Mesa Ky. Stock, $ ,000,000; par, $100; of which
Southern Pacitlc Co. owns $510,000. Bonds of 1895 have a sinking
fund of $6,000 annually after 190o. V. 67, p. 1357. Year ending June
30, 1902, gross. (158,185; uet, $46,08*:; int. on bonds, $36,300; taxes,
(5,650; bal., BUT., $4,138. Pics., Francis Cutting; Sec. and Treas..
F.I. Kendall, Crocker Building, San Francisco. Cal.— (V. 67, p. 1357.)
;
marietta ColumbUM
Cleveland HK,- Owns from Moore's
4208 miles; branches, 742 miles; trackage
A
Junction to Palos, Ohio,
Successor on Nov. 1, 1900, to the Toledo A
to Marietta, 8*20 miles.
Ohio Central Extension RR., foreclosed. V. 71, p 810,1012. In i-ept.,
1902, reported
aold to Wabash KR. interests. V. 75, p. 793. Stock
For 8 mos. ending June 30,
authorized and outstanding $250,000.
ross, $48,814; del. umlcropcr., $6,646. Prcs., I>. I. Roberts, New
M
fork; Treas.. James
T
Blair, Greenville,
Pa.— (V.
75, p.
Maryland A Pennsylvania Kit.— Baltimore,
80 miles, with branch, Delta to Peach Bottom, 4 m.
6ttfl,
793.)
Md., to York,
V. 72, p. 339.
Pa
,
Stock and Bonds.— Stock authorised, $3,600,000, of which $ ,^97,500 reserved for future requirements. In 1902 the authorized issue of
the first 4s was reduced from $2,700,000 to $1,200,000, of which
$250,000 are reserved to retire the York and Peach Bottom 5s and
$400,000 additional for future purposes. V. 74, p. 94, 427. York and
Peach Bottom. "A," bonds are for *47,500, Interest A. A O.; "B" bonds
int M. ,v N.
In 1901 3 p. c paid on Incomes; in 1902. 4 p. o.
For 9 mos. ending May 31, 1903, gross, $78,833; net,
oharges, (8,625; balance, surplus. $16,222.
iRT.— Report lor year ending Dec. 81, 1902. in V. 76, p. 477,
Showed: gross, (280.098; Det, $70,040; int. on bonds, $70,498; bal.,
sur., $6,142.
Pre*., John Wilson Brown.— (V. 76, p. 477.)
ITIaaon < It) A Ft. Hodge
'See
Chicago Great
Western.)— Owns road from Mason City, la., to Lehigh, la., 88 miles,
and branch, 4 miles. In Mar., 1901, Chicago Great Western interests acquired all the stock ami bonds, and extended the line northMason City to Manly Junction, 10 miles, and
erly from
Hampton to Ciarion, 30 miles, at connections with
from
the Chicago Great West also In 1902 being extended southwesterly
U) Omaha (to be completed by Oct., 1903, and west to Sioux Citv,
about 250 miles additional; the two O. O. W. branches from llavllcld,
Minn.. to Manly. let., la.. 49 miles, and from Wavcrlcy to Hampton, la.,
42 miles transferred In Mar.. 1902. to the M. (3. A Ft. I). Hutu-ay will
extend the road as thus proposed easterly totheCG. w. main line. The
road Is operated as a pint of the
<«.
system under an agreement
dated Apr. l, 1901, miming for 100 years, providing thai ail Del earnings kbOVe 4 per cent interest on new bonds 'o be Issued shall go to the
latter, the stock to he exchanged for Chic ot Western common stock,
dollar for dollar. V. 73, p. 566, 816, 722. In Dec, 1909. new stock and
In \ car end ill: .1 one :i(), 1902 (102 miles),
tad not been Issued.
gross, (297,720; net, $155,218; taxes, $10,800.— (V. 78, p. 616.)
Tla»«.n \v
Valle) It y. Province line tO I.cnoxvlllo, (J,ue.. 31
with branch. Hm trackage to SleTbi ookc. Que., 3m.; total, 40
miles. Leased Tor 999 years from Julv 1, '70, to the onnectirnt A Cassimipslo Rivers RR. Stock, $800,000; par of shares $1(M>; dividends
payable Feb. ami Aug. 1. Dividends formerly 5 p. c; 6 p. o. slnoe
(802,450,
EAJUUMOa
(24,8
17;
KR.—
Map
;
W
I
| •
| >
—
I
;
(
*H
5
4
A
A
M.
M.
M.
A
J.
Stocks—Last
Dividend.
N. Portland, Me. Cent. Of. Mav, 1903, 2%
N. Boston, 2d Nat'l Bank. Nov. 1, 1930
N.
Portland. Me., Oflioe. May. 1903, 3%
A N. Bo8t,2d.Nat Bk.;Port
A N. Portland, Me.. Otlioe>
"rsOllice. Portland
A J.
A 8. Sec. N Bk.,hos.A Port:.
A N Rocklan Me., Office.
* N. Manchester and Boston.
A J. Boston, B. A M. RR.
M.
M.
4»s
M.
1.0OO.0O0
10
4
J.
274,000
55,200.000 8ee text Q.-J.
IO.h 18,000
J. A J.
a i
M. A 8.
1,000,000
5
i.OOO
4 g. A. A O.
1,100.000
5g. M. A N.
5
500.000
250.000
g> M. A N.
2
540,000
6g. \t. A N.
78,000
g g- M. A N.
Text
249.950
5
550,000
4 g. M. A 8.
900.000 4 In 1902 A. A O.
IF. A A.
800.000
6
iJ. A J.
5
200,000
IJ.
287.000
A J.
(7) 4
66,678.000
4 g J. A J.
20,563,400
3 g- July 10
11,282.000
3
July 1
367.200
3
700.000
A. A O.
5
5
A. A O.
800,000
10.000,000
4»«g. F. A A.
""i'oo
1878
1886
1890
1902
1891
1900
1886
1895
1882
1901
1901
M.
M.
4
4
6
4
$300,000
BOO.OOO
350,000
350.000
698,000
122,000
175,000
200.000
1,000
1892
secured b\ consol. mort. of 1890.
deli.,
—
1890
37
i
Manhattan Elevated
.
May
May
1930
1930
1,
1,
Julv. '03, 2*s%
s.-iit 1, 1917
May, '03. 2*4%
May
5%
1, '03,
Jan. 1, 1922
N. Y., 195 Broadway. Julv 1, '03, 1^
N. Y., Mercantile Tr. Co. July 1, 1908
N. Y., Mercantile Tr.Co. Mch. 1, 1916
do
Union Tr.
1990
1952
1909
1940
Apr. 1,
do
Co., Detroit Mav 1,
See text.
Oct. 1,
N. Y\, Knick. Trust Co
Nov. 1,
N.Y., Farm. L. A Tr.Co. Nov. 1,
do
do
Dec. 23
Apr.
N.Y..RrownBros ABalt Mch.
do
do
Apr.
Boston,
S.
D.
A
.1916
1925
1932
1951
1,
1,
1,
1951
1,'03,3%
1, 1921
1, 1911
1, 1911
Jan. 10. 1939
Jan. 10, 1939
July 1, 1911
Apr. 1, 1917
(»et.
1, 1919
Feb. 1, 1907
Tr. Co. Aug.
Mer.Nt.Bk.,Meadv.Pa.
Boston.SafeDep.&Tr.Oo
do
do
St Louis, when earned.
01.Col.T.Co.,Boe.ALon
do
do
St Louis & New York
July
July
July
1
Jan. 1. 1897. Of the stock. $400,000 owned by the Conn. A Pass. River
is deposited under Its mortgage
and $50,000 is represented by
Connecticut Trust A Safe Deposit Co. of Hartford 5 per cent trust oertltloates.
(See Supplement of Ootober, 1901.)
*l.a<l\ 111. < oiiik
Lake A Llnexvllle.— Meadvllle to Llnesvllle, Pa., 21 miles, and branches, 2 miles; total. 23 miles.
Leased to
June 8, 1989, to Pittsburg Bessemer A Lake Erie RR.; rental, 25 per
cent of gross earnings. Stock, $200,000; par, $50.
am
—
'lexican Central Ry. Limited ( Ucxlco).— (See Map.) Opermain line extending from Mexioo City
north to Juarez City, with numerous branches, etc., viz.:
ates a standard-gauge road, tbe
Owned—
Miles.
Mexico City
to Juarez City. .1,224
Mexico to Rio Balsas
181
Chicalote to Tamplco
Tamplco
to Trevlno
Branch, Irapua to Ameca ..
Branch, Cuadalejara to Tux-
407
388
217
'
Ownnt
Miles.
Other branches
Least d —
360
Mexico Union Ry
Bar extension (Tamplco to
La Barra)
11
6
pan
Total Jan. 1, 1903
120
2,915
In June, 1901, the Monterey A Mexican Gulf RR., Tamplco to General Trevlno, 388 miles, was acquired, and is being extended from Paredon to the San Pedro branch, about 150 m by which will be reached
Extension is building from Lecherta,
the main line at Torreon.
near City of Mexioo, to Velasco, near Tamplco. 225 miles, to be completed by end of 1904, this inoluding the Paouuoa, Zaoaultipan ATampico Ry. (purohased). extending from Sandoval to Apulco, etc, about
62 miles, thrt uncoustructed portion earr\ing a subsidy in 5 per oent
Mexican Government silver bonds at $10,000 per mile
he Mexico
CuernavacaA Pacific Mexioo to Balsas River, 181 miles, was acquired
bv deed on Nov. 12,1902, and extension is projected to Aoapulco.—
(V. 73, p. 337. 957; V. 74. p. 729, 1035, 1196 V. 75 p. 981, 1203.)
Organization.— Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Government Debt readjusted in 1889— see V. 48. p. 191, 292. 327. 8ee
also Mexican Cent. Ry. Securities Co., Limited, below. In Mar., 1901,
a syndicate headed by H. Clav Pierce of St. Louis acquired a majority
of the stock. See "Finances" below. V. 72, p. 627, 873; V. 75, p. 29.
Sdbsidy.—Jan. 1, 1903, there was left of the subsidy In trust $1,812,794, to be used whenever necessary for the pavment of principal and
interest of the consolidated mortgage bonds. Under Tamplco Harbor
concession for a depth of 20 feet, has received $2,934,600 of 5 p. o.
,
'I
;
Government bonds.
Stock —Stock authorized, $25,600 per
100, In
mile; outstanding, $47,962,-
$100 shares.
Bonds.— Of the
priority bonds $1,403,000 were paid off with proceeds
of subsidy collections, interest oea-slng April 10, 1891; the balanoe,
Is held as an Investment by the trustee of the consoli$5,597,000,
dated mortgage. See V. 52, p. 390. The consol. mort., 4 p. c, covers
the entire property, all old firsts deposited, and the subsidy earned and
to be earned. (See abstract of mortgage in Chronicle, V. 49, p. 177.)
Both series ol incomes are non-cum. and secured by one indenture to
the American L. A T. Co. of Boston. First Incomes received 3 p. c
Interest In 1890, 1891 and 1892 ; none slnoe. V. 72. p. 627. 880.
In 1903,1 in addition to the $66,678,000 consol. 4s shown above,
(19,874,000 had been certified by the trustee, of which (1,776,000 are
held as collateral for equipment bonds. $1,000 0"»0 were purchased
by trustee under subsidy trust fund. (16,129,000 were held as colper cent bonds (see below) and *47o,0 JO were owned by
lateral for 4
the company. V. 71, p. 1220.
In February, 1902, the company Issued $10,000,000 collateral trust
5-year4 1« per cent bonds, scoured by (16.139,000 consolidated is,
held in the treasury, the prooeeds of which were used to retire the
(6,000,000 notes Issued in payment of Monterey A Mexican Gulf RR.,
the balance to be applied to 150 mile extension of that road to main
line, payment of about $2,(>00,nOO floating debt, Improvements, etc
See V. 73. p. 957; V. 74, p. 205. 728; V. 75, p. 29.
'•_•
Finances.— A readjustment plan to retire the Incomes, etc., and to
adjust tho finances has been dela\ ed. V. 76. p. 1249.
Earnings — Mexican our. ) 1903 .Gross, (10,487,161; net. $2,780,731
8.517.880; net, 8,73
Jan. 1 to May 81 (5 mos.) \ 1902 .Gross,
Annoai. Report— Fiscal year ends Dec. 31. Report for 1902 was
ghenln V 76,0.1082.1140. The gross earnings below are Jfrj-irim
Currency; all other figures U. 8 currency Mexican dollars averaged
4216 cents In 1902, 4782 cents in 1901 and 4892 cents In 1900.
INCOME ACCOUNT— (U. 8. CORRENCT EXCEPT AS INDICATED).
1902
1900.
1901.
1899.
Tear en d my Dec. 31lbs operated
2,621
5.135
2,054
2,016
Qnmeama.Mex.eaif81,182,827 $17,493,673 $17,223,878 $15,602,065
Net earns. Mex cur..
Do
do In U.S. cur.
Mlsoel. In U. 8. cur. .
Net Income
Fixed charges
(8.792,618
3,289.021
Balance
Subs'y ao'tlnU.S.our
Result, sur
5,961,606
8,518,884
279,234
,
$4,986,663 $5,373,683 $5,199,095
2,384.598
2,516.961
2,628.677
182.517
115,720
187,110
$2,567,115
2,937,276
df.(496,403 df.$370,161
370,101
500,000
(8,(97
(2,744,297
2,738,204
$2,704,871
2,604,873
sur.$6,093 8ur.$99,198
None.
$6,093
49,223
$148,421
Jlly, 1908. J
RAILROAD STOCKS AND BONDS.
5)3
B
r
KAll.ROADs.
see notes
<feo.,
_
of
^
EtOttL
Hi/ Securities Co., Lint.— A deb.stock
deb. took, 4%, I'u in
Mex. Cent.
£100
1899
£100
1899
1S97 £100<Stc
4%
Mex. Int. -Vt. licn.Jdl.2i o, ooo, red. at par I' ti
1st con. M., 116,000,000, g nm guar.BIp.xo**r
])o
c. i.'u. stp.. sub. to call 95 to Mob.., '07
,
[Vol. LXXVir.
KKH'J OK Dl\ lOh.NDS.
Date Size, or
Amount Ra per When Where Payable, and by
^of^
Par
!*
outstanding
Bonds Value.
Payable
Whom.
Miles
For explanation of column headings,
on tlrst page of tables.
B
SUPPLEMENT.
INVESTORS'
84
»
615
848
847
1897 500
•3.841,83
4^
.'.000
3 ooo
Ac
bonds (no mort), non-onmnlai
\, i fi„ ,,<ii Bee National RK. ok Mi.xi
Mexican NorUt* rn— Stock
1st mort., r B. gold coin, s.f. not called. IYlo.o"<fer
J A J 15
'
A-
.1
g.
g.
a 1. (Mil. OOO
Mexican Railway, Limited— Ordinary shares
M.
J
1
&
S.
Jt:2,2:>4,720
Income
Mexican
4,499,000 4 In
4".,
3.000,000 See text
6 g.
£2,554,100 See text.
£1.011,900
6
£2,000,000
£1.000,000 2*2 in '02
000
4
£5<3,.r»10
4
ooo 4 in 1903
11,000,000
3^ g.
4
2,600,000
B
3,850,000 |
5
1,500,000
6
700,000
5
725.000
4 g.
1,850,000
3»flg
3i«
2,000.000
491.200
5
250.000
l g
421,000
800.000
,300 held by N. Y. Ce
1st preference stock, 8 per cent
2d preferenoe stock, 6 per oent
Perpetual e per (tut debenture stock
Mexixut Bo /.v.. /.<;/i. — Ordinary shs., £1,000.000.
1st M 1" deb. -tuck, £700.000, red. 110. (1
2d M. 4% deb Mock, £000,000 red. at par, 90 y'rs
Michiu'in Central -stock
o'.tr
1st mortgage, $ 8,000,000, gold «
M. 0. Michigan Air Line, 1st mortgage. I'n.. o&r
I
M.C.lst M. on Oct. & Bay City 1*4.000,000). V n.c
do
do
bonds without coupons.
o'
M. ('. lt*t mort on (irand Klver Val. RK.l'n
M. O. lei mort. on Kalamazoo A- 8. Haven. In r
M. O. 1st M. Term. $1,500,000 (V. 64. p. 880).c.tr
Mich, cut 1st M. ou Jack. Lans Saginaw, g,c .tr
Jack. I. an* A Hat. stock, 3 >s po. y'rly, guar, hy end.
Grand Klver Valley stock, rental in perpetuity...
Bavcitv a Hat. C. 1st M., g., gu.p.A 1. end.iTlp..o"
i
Bat. C. 4 sturgis 1st M.,
g.,
gu. p.
a
!
"
end..i|i>.e
i.
7^
a North Indiana 1st M., guar. p.Ai. (end.).c
of $599,000 held by sinking fund.
Jollet
a Exclusive
ViceChairman of Hoard. IT. Clay Pierce Pres't, A. A. RoblnsoD
President and Comptroller, Gabriel Morton.
Executive Committee: ll.Clnv Pierce (Chairman of Board), Brec^o ririye
J one*. A. A. It b ns ii, t;ai.iioi Morton. W, I. Blow, F. II. Frince, C. D. Blmpboii Boon It oharda, K. .V ITom and J. C. Van Blarcom.
Office, 422 Olive St.. St. Louis, Mo. Directors. May, 1903, V. 74, p.
988; V. 76. p. 1< 30.— (V. 76, p. 1027, 1030, 10S2, 1140, 1249.
Mexican Central Ky. Scouiitie* Co., Limited.—Tills depositary company was formed in 1899, per plan in V. 08, p. 331, to acquire
the 4 per centConsols of the Mexican Central Ry. " and to issue in their
place two classes of securities." The share capital was raised by a pay
ment o' £2 tor each $1,000 bond deposited, for expenses, etc Each
$1,000 bond deposited will receive £102 "A" and £102 "B" debenture
stock, constituting a tlrst and second charge respectively upon the
deposited securities, both secured by the same deed of mortgage to
Right Hon Lord Hillingdon, Right Hon. Lord Revelstoke and H. W.
Bmlthers, trustees. Frederick M. Spankie, Secretary, 3 Graoeohurob
(V. 68, p. 331, 524.)
Street. London. E.
V. 74, p. 478.
Mexican KaNiern
;
;
C—
BR.—
KR.— (See Map, page 93).— Owns In
Mexico a standard gauge road from the centre of the International
Bridge over the Rio Grande between Eagle Pass, Tex. (where conueomade with the Southern Paoldc), and Ciudad Portirio Diaz, via
Torreon on Mexican Central, to Durango, 540 m., with branches, 90
new branch,
in.; Beats to Monterey, 72 in.; branch to Tlahualilo, 43 in
-nil Durango to Tepehuanes via Santiago Papasquiaro. 135
miles completed in 1902; total, 880 miles. Extension proposed to
Mazatlau. on the Pacific Coast Organized under laws of Connecticut.
In Apul, 19 2, control of the road ($15,786,100 of the stock and
all of the $4,499 000 income bonds) was tahen over by the National
RR. of Mexico as per plan V. 73, p. 784. See V. 76, p. 1102.
Stock. -Authorized $25,000,000; Issued Jan., 1903. $20,708,200.
Bonus. — In 1897 reorganized, reducing fixed charges on 659
Of consol. 4s $3,017,000
miles from $005,360 to about $448,650.
Jan.. 1902, reserved for extensions at $lo,000 per mile and
International
.Mexican
;
ii
The total Issue of consols
entente.
limited to $16,000,000.
in
The National RR ol Mexico under agreement of June 30, 1902, has
Stamped $5,61 ,000 Of the consols as guaranteed, principal and interest,
these being also subject to call at 95 and interest on or before Mar. 1,
1807. V. 76, p. 186. Prior Hen 4^s, see V. 65, p. 151. 1071. Consol.
4a Ol 1 897 listed on N. Y. Stock Exohange Feb., 1898. See application
In V. 88, p.
341.
was paid
for 1902. V. 70, p. 762.
Eakninos-Mcx. cur'cy. > 1903.. ..Gross, $3,1 6^,117; net, $1.272, 149
Jan. 1 to May 31. 5 mos. $ 1902... Gross, 2,625,131; net, 1,033 239
annual Rhi'oKT.— Report foryear ending Dec. 31, 1901, was given at
length In V 76. p 1189, 1198; see also editorial, p. 1 1 00. In 1902, gross
age of 668 miles, $6,496,491 (Mexican currency); net, $2,426,283; in C. S money, net including other income, $1,01". 013; charges,
o, Interest on Inoomes, f 179,960; discount on bonds. $5,977;
bal.. surplus, $191. 255. Pre ...I. (i. Metcalfe. N. Y. office, 30 Pine 8t—
(V. 75, p. 185; V. 70, p. 1 189, 1192. 1198.)
See National RR. of Mexico.
Mexican National
Dividend on incomes, 4
p.o.,
I
UK.—
Mexican Northern Ky.— Owns from
Ksealon. Mexico, on the
Mexican Central Ry., to Sierra Mojada, 83 miles, all steel.
Stock.—Capital stock is $3,000,000 see application for listing on
N. Y Stock Exchange in full. V. 64. p. 619.
Dividkm.s... i 1892. 1893. 1894. 1895-99. '00. '01.1902. 1903
Percent
2Inc..)'ne,l
6ifl
8
4 yearly. 5
6Hi
4>a
;
(,
In 1903, Mar.
'• p.
c .;
June,
'•_•
p. o.
BOHDS.- The mortgage is for $1,000,000, of which $599,000 held by
See V. 60, p. 482.
the sinking fund In June, 1903
Annual EtBPOBT.— Earnings as follows In U. S. currency:
DiriU. Surplus.
0ro$$,
Net,
Other inc. ahtn-t/en.
..$202,140 $12 1,-53 984,597 $1 12.707 $105,000 def.$58.357
22.197
142,500
1900-01.... 642,132 202.720 39,202
187,285
31.220 131,801 142,500
12.107
i,
V. 70, p. 2M); V. 72, p. 581, 1011; V. 74, p. 1089.)
p loi
;
Mt \l can It u \i ji) , Limited. —See page 170.
ex lea. Southern Ky., 1. 1 in.— See page 170.
Michigan Central Htl.—iSee Map tnljtitntni/ A>io York Central
I.im Ol BOAS
Mam lino Kensington to Detroit, 270 miles
and Windsor to Suspension Bridge (Canada Southern), 220 miles;
('.ranches owned and leased 1,143 miles)
total main line. 496 miles,
trackage (111. Cent.) Into Chicago under perpetual lease, 14 miles; total,
1
71
1
i
>7 miles of seoondtraokJanuai
In Feb., 19o2. jointly with Lake Shore
and ,057 miles of side track& Mich 80 took Over Detroit i,i. i., A Milwaukee UK., Allegan to
Dnndi e, Mich., 188 miles, v. 74, p 879; V. 70. p, L026.
Re incorporated under general law. See
Control was aoqolred by the N. Y. c
In Deo., 1901, V. 78. p. 1208
a ii
In April, 1898, as stated below.
H.T.C A II K. UK. CO. In "98 gave In exchange its 3>up.
rate of t
r gold bonds
In bonds for $100 in stock.
lit the
In 1908. tl6,814,800 Of the $18,738,000 stock had
V. 66, p 759
.pure,! by the N v 0. A il. B Ki:
V 66. p
1
I
•
1
Canada
Dim
Ni.w
s
5
3
nil.
"i
Oown
99
i
Per oent—
1
4 yearly
"."O
5
thai company,
'91
'92
5
5 >« y'rly
luly.'Oa
4 yearly
Due.
Stocks— Last
Dividend.
London.
London, when earned.
London, speyer Bros. Sept.
M
N. Y., 25 Broad
Sept.
4
do
4 g M. a S
do.
Sept.
1902 Sept 1 Own'cT.byNa.RR.ofMex.
4
4
>
1,880
i.OOO
pal, When
Q -M.
A D.
N. Y., office, 27
do
J.
M.
&
J.
A
Qlyn. M. C.
Nov.
I
.
K.
June 2,'03.i*%
Deo. 1, 1910
A
Lon.
Mjy/OsTliia
Co.. Lon.
Checks mailed.
A
A
Perpetual.
Oct. 30, '02,21a
A.
A.
a
& N
A-
N. Y. Or. Cent. Station. July 29, '03. 2
.i
M.
J.
.1
I.
& Co.,
Reg.at G.C.S; cp.atO.T. May
Kg.atG.C.S.;cp.atU.Tr. Jan.
1.
1,
1,
1,
1,
1,
1.
1.
A B. N Y., Uulon Trust Co. Mch.
Q.-M. N.Y.,Gr'd Cent. Station. Mch.
M.
M.
&
&
A
M.
A
M.
M.
.1
1947
1977
1977
St.
do
N. Glyn, M. C.
J.
Wm.
1,
1,
1.
8. N. Y.,
Union Trust Co. Sept
8.
Nov.
July
Rg.atG.C8.;cp.atO.Tr. Sept
B
N. Y.,(ir. Cent. Station.
N. Y., Or. Cent. Stat'n.
Rg.atO.C.S.jop.at D Tr
J.
Mar
1952
1940
1931
1931
1909
1939
1941
1951
1,'03,
1H
Jackson, Mien.
July, 03,2 »s%
Union Trust Co. Deo. 1. 19a*
do
Deo. 1. 1989
J. & D.
do
J./O-J.IO N. Y., Farm. L.&Tr.Co. July 10, 1907
J.
J.
<fe
A:
utral
J.
D. N. Y.,
&
II.
R.
RK. Co.
Bonds.— Battle Creek <£ Stxirgis bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore A Michigan Soutuern, 7
miles of the B. C. A 8. Doing operated by that company
The jl,85o,000 3^8 of 1901 are a first mor'gage on the Jackson Lansing a
Saginaw RR., 350 miles <V. 73. p '061; V. 76. p. 1027J In April, 1902,
$18,0O0,0o0 of 3^js wore authorized, dated May 1, 1902, of which
$10,000.0110 were sold to retire the tlrst >s and 7s, maturing on that
date, and $1,000,000 additional have been sold, the remaining $ ,000,000 being reserved for additions, etc. V. 74. p. 728; V. 70, p. lo2.
Earnings. — For 6 mos. ending June 30 (1903 partly estimated):
r
.
wns-
Set.
Charges.
Dtrs
urosi.
Hat, sur.
$10,729,000 $1,821,000 $1,235,000 $374,760 $211,240
1,310,206
371,700
9,089,574 1,830,326
115,300
Annual Report.— Report for 1902 was in V. 76. p. 1027.
lf-02.
1901.
1900
Tear ending Dec. 31.
Gross earnings
$19,045,083 $18,490,273 $16,730,131
15,467,504 Di/745,964 18,22
Op. exp and taxes
Net earnings
$3,577
$3,744,309 $3,500,641
Net, lncl'g other ino
3,631,592
3,814,048
3,545,735
1-4,310
Rentals paid
184.310
184. 10
Interest on debt
2.271,250
2,026,468
2,219.908
-.,238
Can. Southern share
300. »52
310,168
New seoond track
210,000
80,000
Miscellaneous
4,402
6
1903
1902
Dividends
(4)749,520 (4)749,520 (4)749.520
Surplus
$361,126
$23,776
$6,743
-(V. 76, p. 1027,1085, 1140,1356; V. 77, p. 147.)
ITIlddletowii I'nloiivlllc
Water Gap
(See Map IT. T.
Susquehanna <£ Western.)— Owns from Middletown, N.Y., toUnionville,
N. Y., 1365 miles. Stock, $149,850; par, $50. Controlled through
ownership of stock by New York 8usquehanna A Western, whloh
pays interest on bonds. In vear euding June 30, 1901, gross, 863 274;
net, $12,584; charges $21,923; bal., deficit, $9.339.— (V 64. p. 004.
midland Paeltlc Ky.— Projected from San Luia Bay (mar Port
Harford), Cal.. to Bakersrield, with branch to lit. Kittiick, 200 miles
through tie Bunsei oil distrct in Kern County
Stock a, it
$5,000,000; jar of Bharea $100; outstanding, 8220,< 00. Bonds are
issuable at $25,000 per mile; Beacon Trust Co. oi Boston is mortgage
trustee in 1903, $2,000,000 were sold. A sinking Hind ol
of the outstanding bonds will retire bonds, if purchasable up
alter Feb. 1, 1908. V. 70, p. ^04. President. M. A. Lippitt, San Fran(V. 76, p 864, 973, 1030.)
Oisoo; Tn-asurer, A. Feist,
Mill Creek &. ITIIiie HIM Navigation A It K.— Mill Creek Jo. to
3S miles; bram h 3 3; 2d track 3'8 in.; total track,
Broad Mtu., Pa..
33 miles. Leased In 1861 for 999 years to Phila. & Read. RR., lease
assumed in 1896 by Phila. & Read". Railway; rental $88,000 an,
Millon to Stlllmore, Ca.. 32
miUea 6c Southwestern
In 1902 extensions were proposed from Stlllmore south to
miles.
Way cross, so miles (of which 21 Biles from stlllmore to Vidalla under
construction), and from Mill< n northeast to the Savannah Bit
miles. Stock June 30, 1901, $39,000. The entire #800,000
bonds iCiti/ens Bank' of Savannuh, trustee) is pledged as securltv
tor a two-year loan of $460,000, doe 1904. V. 75, p. 185.
(iross, $13,587; net. .* 1 '-'.l Sfi
K viiNiNos-ll mos. S 1902-3
cross. 85,619; Bet,
July 1 to May 81.
(1901-2....
6,549
For year ending .lone Ml, 1902, grOBS, $38,831; net. $ '.0 lo, against
$9,488 in looo-i. President, c D.Baldwin; Beoretary, riceuivrana
Gen. Mgr., Frank R. Durden. Olllce, Monte,
(V. 75, p. 77,
Milwaukee A Lake \\ linieha^o It K. — (See Wisconsin Central.)
Uiluaiilit-r A Iflilinenota It It.— V. 74, p. 427; V. 75, p. 3 12.
&
KK.—
i
I
KK.—
I
On-
RElne
ll ill
A
Schuylkill
I
Haven Kit.— Fiom Schuylkill Haven
Ashland ami Enterprise Jot., 12 miles; 24 track, 21 in.; total track,
130 miles. In ls<;)7 rental reduced to ti p, < on stock under ni'»
for 999 years from Jan. 1, 1897, to Phila. A Bead. Ky Co.
Dividends
p. e. m Jan. and 3 p. c. in July, ^ p. o. being
Said stockholders are 2
eduoted for taxes.— (V. 88, p. ion.)
»l ineral It .1 n^ . II It — -ee page 170
lllmieapoIlM A St. I.onln It It.— (See Map.)— Owns main Hue
Minneapolis to Angus, [a., 200 miles; Western Div., iiojikins to V7atertown, s D 215 miles; Kalo Branoh, 14 miles-. Lake Park Branon, 1 »«
in.; winthrop, Minn.. to storm Lake, Minn.. 164 miles
Leases trackage from Minneapolis to Ht. Paul over St. I'aul A North. l';ir. KU, 10
miles; total operated. 849 miles. Also owns, but leases t, Mur. ('. H.
A Nor., Albert teato Iowa Slate Line, 13 m On July 1, 1901, L
to whit* Hear Lake, 18 m., w»s sold to Northern Paoiflo. V.75, p, 985.
HlslMUV. A reorgaiil/.itlon In Oct., 1894, per plan ID V. 59, p. 871,
of Railway foreclosed under Improvement and eaulpmenl mortgage.
[n Feb., 1899, purchased (V. 68, p. 672,) from the Rock Island 123
miles, Morton to Watertown, 80. Dak., part of the 217 miles of the
The New
lu branch through rich grain
unbonded Wis. Minn a I'ae
ami Uve stock countrs to 111. Central RK at Storm Lai
mlleH, was completed about July 1 1900. V 88, p. 130. In June, 1900,
persons Identified with Mlnu. A St. L. obtained control of the Iowa
Central Ky. V. 70. p. 1849
STOCK. The capital stock Is, common, $6,000,000; preferred, 5 p. c,
rhe preferred is entitled to dividends at
non-cumulative, $4,000,000
6 per oent, and then common to b per oent then both hare pro rata.
The $2,500,000 Hrst pref. was paid otl at par on June 1, 1899.
to
tfl
.
,
I
Jci v. 1908.]
I
RAILROAD STOCKS AND
N
-'
BO
G
:
ivrx^o
N
ha
S
86
INVESTORS' SUPPLEMENT.
Bonds— Princi-
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date 81ze, or
Amount
When
of
Par
of
For explanation of column headings, Ac, Bee notes
rwiVo .f^n .» Rate P*r P«r»Wi. Where Payable, and by
OUWlaUlUng Cent. Payable
YaliiA
Cant
UTinm
whom.
on first page of tables.
Road. Bonds Value.
Middletoim Tin. <£ IT. Gap— let M., ext. in '86..
13
966
1871
2d mortgage. Int. guar. ext. In 1896 (see textb.e
Midland Pacific— 1st M., gold, $6,000,000, text .0'
1903
Midland RR. ) f S. J.— See N. Y Bl
n \ A West.
Mill Creek <£ Mine Hill .\'</r. <* lift. -Stock
1902
Millen <t Southwestern— 1st mort., $800,000, gold..
Nobt ii-Weh
Milwaukee Lake Shore <t Western—8ee> CHHXAi
NTKAI. Ry.
Milwaukee <t Lake WinsuiaffO—Bee Wiscossi
Milwaukee <£ Northern— See Chicago Milwaukee & St. Pa ul.
52
Mine HUl <t Schuylkill Hav—8tock (6 p. ct. rental).
66 1891
Mineral Range— Cons, mort., text. g., red. at 105. c
66 1901
General mortgage, in t guar, by Can. Pacific F.
20 1891
Hancock & Cal eoiis.,M g., red. at 105, ass'd...
l
-
,
«£ St. /,«uia— Common stock. Ce
Pref. stock (V. 70, p, 1150), 5 p. c, non-cum.Ce..
o*
1st M., Minn, to Merrlam Jnuc, gold.
1st M., Merriam Junction to Albert Lea.gold.F.o*
Iowa ext. 1st M., g.(Al.'Lea to Ft. Dodge)g.Ce.o'
HP
81
2d M., $5,000,000. gold. int. guar.. <'e
1,452
Car trusts June. 1903
ITwin. S. St.l'ti »'.— 1st M., $10,000,000, g., text.
Minnesota Trans fei 1st mort.— ($535, 000 are 4stc
M.
250.000
2,000,000
J.
1,000
323,375
See text.
Ac
50
500
Ac
100,0'
1.000
1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903
5
3
3
5
5
5
Preferred
3»s
4*s
None.
Common
H« 4
5
5
Bonds, Etc.— Bonds Issued under the mortgage due June, 1927, numbered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids A Northern RR.
As to tirst consol. mortgage see abstraot V. 59, p. 1145. The refunding mortgage of 1899 limits the first consols to $5,282,000.
First refunding mortgage of 1899 is for $25,000,000, of whlon
$10,000,000 reserved to retire underlying bonds and $6,849,000 for
future extensions, Improvements, etc, under severe restrictions. The
mortgage is a first lien on 277 miles of road, etc., and a blanket lien on
rest of property.— V. 68, p. 187, 332. See application to list, V. 69. p. 32.
Gross, $3,008,864; net, $1,144,154
Earnings— 11 mos., ) 1902-3
Griss, 3,200,545; net, 1,311,176
July 1 to May 31. ] 1901 2
(p.o.) )
V
>
Annual Report.— Annual meeting 1st Tuesday in Oct. Report for
1901 o2 is given at length in V. 75, p. 977, 985; see also edit., p. 947.
1899-00.
1900 01.
Tear Ending tune 30.
If 01-02.
642
514
Average miles operated
633
Passengers
$601,836
$876,486
$703,826
Freight
2,526,763
2,413,134
2,117,553
137,591
1 58,5-»4
143.921
Mail, express, Ao
Gross earnings
$3,540,840 $3,275,504 $2,863,310
Net over taxes
$1,446,120 $1,318,887 $1,163,922
200 ,266
Other income
185,03 6
188,954
Total net income
$1,631,156 $1,507,841 $1,364,188
Interest paid
8b6,980
897,220
892,540
Dividend on pref stock
(5)200,000 (5)200,000 (5)200,000
Dividend on common stock
(5)300,000 (4)240,000 (Hs)90,000
Rentals, etc
47.451
56,711
57,024
Bal. surplus for year
$196,725
$113,909
$124,624
Officers.— President, Edwin Hawley. New York; Vice-President, L.
F, Day; Secretary, Joseph Gaskell, Minneapolis; Treasurer, F. H.
DavlM, 25 Broad Street, New York.
Director* BL Hawiey, John W. Mnckay. BL banKdon, F. K. Palmer, F. H. Davis:
John H. scries. New York; l>. C. Weir, New York; George Crocker, New York.
Day, Miniieiu>oli».
p. 94, 1089; V. 75, p. 549, 977, 985.)
ITIInneapollft St. Paul
sault Ste. ITIarie
Owns main
from Sault Ste. Marie. Mich., via Minneapolis to Portal, North
line
Dak., at the International boundary line there connecting with the
Canadian Paolflo, 1,039 miles; branches, Hanklnson, No. Dak., to Bismarck. 222 miles; Wlshek, North Dak., to Pollock. 70 miles; other
branches, 98 miles; spurs, 23 miles; total Sept., 1,902, 1.452 miles;
also has terminal trackage in Minneapolis, St. Paul and Sault Ste
Marie aggregating 19 miles. Extensions proposed, see V. 75, p. 730.
In May, .i. 3, contract was let for extension From Glenwooq. Minn.,
north via a lax audita to White Berth, Indian reservation, 128 miles.
Branch was under construction from Birchwood to Reserve Villa<e,
Wis., 20 miles.
L. V.
—(V. 74.
Ry.—
c
l
History.— Formed June, 1888, by consolidation of the Minneapolis
Bault Ste. Marie A Atlantic the Minneapolis A Pacific, etc (See V.
46. pp. 538, 609.) Controlled by Canadian Pacific, which July 1, 1902,
owned $7,066,600 common ami $3,533,400 pref. stock, etc
Stock.— Authorized, common, $14,000,000; preferred. $7,000,000,
of which the Canadian I'aeitlo on July 1, 19u8, owned 07,066.600
common and 93,583,400 preferred. Preferred stock hae s prior right
to 7 per cent (non cumulative;; then common to 7 per cent; then both
classes share pro rat a. V. 75, p.
19.
Bonds. Can. Pao. guarantees by endorsement 4 per cent Interest on
all the bonds assenting to a reduction of interest to 4 percent.
(See
V. 50, p. 784; V. 51, p. 289. About one half the Minn. A Pac. bond!
and practically all of the other Issues assented. V. 54, p. 799.
Abstract of Minneapolis Sault Sle Marie (A Atlantic mortgage In V. 45,
The consol. mortgage 0M888 (trustee, Central TniHt Co., mort
p. 243.
gage abstract Ciikonk 1.1., V. 47, p. 142), was for $21,000,000 on 800
miles (siitliclent of this amount being reserved to retire the prior
bonds) and for 920.000 per mile on all additional mileage. V.78, p. 185.
Of the 95,000,000 2«l Is of 1899 98,500.000 were Issued to take
up certain maturing interest bearing obligations and current capital
expenditures and for equipping of terminals and additions, he remaining $1,500,000 to be 1-siied hereafter from time to time onlY as
v. 68, p. 669, 771, 977; v. 71, p. 645.
required
LATBSTEABHS.—11 mos.) 1902-3
Lf 3,380,724
July l to .May 31.
( 1901-2. .Gross,
5,688,638; net, 3.023,556
in pout.
Report for year ending June 80, 1902, was in v 76, p. 730.
.">
t
-
y et.
Bros*,
Int., tares, etc.
-7
1.
-(V
71,
p.
$1,694,259
I7.075
:
83,280,760
1,97.2,737
1
New equip.
Itai.,sur.
$1,5
1.624,864
645;
897;
v. 73, p, 1S5,
bh.
730.)
page 170,
M 1 11 nchol Tea osier It > — Cnloii road, owning 18*5 m
tending from Junci ion wit h chic. Mil. A- st. Paul al Merriam
it
.Bee
1
I
N
eland \
!'».•,
A N/N. Y., N. Y. 8usq. A W. Nov. 1, 1911
do
& D.
June 1, 1910
do
& A. Bos., Kelley, End &Co. Feb. 1. 1923
Philadelphia.
July, 1903, 5%
A J.
1932
Phila.,Ottloe,119
New
d$
o $174.30 0.
owned by Can.
New
nil,
Chicago
llin
'
1931
1951
Pao.
1931
03,2»s
03,2i«
,
-
I
4th. July 15,' 03,3%
8.
York. 44 Wall
Jan. 1,
St.
Jan. 1,
York, 44 Wall St. Jan. 1
N. Y. Central Tr. Co. July 15,
do
July 15,
do
do
do
Jan. 1
do
June 1
do
do
June 1
do
do
Deo. 1
do
Apr. 1
do
do
All
,
,
do
do
A
,
Nov. 1
Moh. 1
do
do
1907
1927
1909
1910
1921
1934
1949
1926
1936
1938
J
1949
A Chicago. 1903 A 1907
D.
New York.
Jnnel, 1942
A. lstN.B'k.^t.Haul.Mlnn. Auk. 1, 1916
Jan.l.'04-'08
J Minn. L. &Tr., Minn.
1922
N. Y., B'k of Montreal.
A
A
A
A
A
A
J,
do
do
do
New York
Jan.
Jan.
July
Jan.
do
do
do
1,
1,
1,
1,
39.600.
Additional bonds can be Issued for property and improvements as
required. Principal onlv is payable in gold. Mortgage trustee, St.
Paul Trust Co.. St. Paul. Minn.— (V. 66. p. 1238; V. 67. p. 956.)
A WeMern
IttlMNlNhlppI Arkansaw
By.- Owns from a point
In Drew County, Ark., to Gaines Landing on the Mississippi hiver In
Chicot County. Ark. Stock authorized *220,000. President. Oeo. H.
Martin, Fort Dearborn Building, Chicago, 111. (V. 75, p. 442.)
rfflioMOuri Kaimim A Texan Ry.— Road.— Operates a line with
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly across the Indian Territory and the Texas cotton belt to
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with branches. (fl See this oompany.)
Road owned.
Operated not owned.
Miles
Miles.
Missouri Kan, & Tex. Ry.—
Wichita Falls Ry
...
18
Denison A Washita Val. Ry
St. Louis to Red River, Tex 629
(V. 76, p. 1249)
Hannibal to Franklin Jo... 104
20
Branohi-sto Paolaand ParDenison Bonham A N. Or.RR.
24
Dal. Cleb. & Southwestern...
sons, Kan., and Stevens,
10
—
I.T..&C
490
Mo. Kan. & T. Ry. of Tex.—
Red River to Houston, Tex. 548
Denison to Henrietta
112
446
Other branches
Dewey,
I.
T., to Bartlesville.
Operated jointh/.
Louis to Texas Junction..
St.
Kansas City
to Paola.
Whitesboro to
Iola to Piqua,
Total owned
2,329
Ft. Worth
Kansas
Galveston Hous.
A Hend
4
24
43
71
7
U50
Controlled.
Mo.Kan.&Okla
113
Total operated July, 193.2,713
The Denison Bonham A New Orleans Ry., Denison to Bonham, Tex.,
24 miles, has been operated under a ten-year contract since Dec, 1901,
and the Dallas leburneA Southwestern Ry., Cleburne, Tex. to Egan,
10 m. (to be extended to Dallas, Tex., 27 miles) under lease since Dec
<.
20, 1902.
V. 76, p. 48.
Organization,
Ac— Reorganized
The $12,890,000 stock
in 1890,
without foreclosure, [plan
mortgage being paid off at par.
"M. K. A T. Railway Co. of Texas"
in V. 49, p. 719, ] the old first
of the
deposited with Central Trust Co. as trustee for he M. K. A T. secu(V. 54. p. 1047 V. 55. p. 298.) M. K. fe Eastern was ab
A Pac in 1899 and Sher. 8h. A So. in 1901. V.
63. p. 30; V. 73, p. 609.
in July, 1902, the Missouri Kansas A Oklahoma Ry. began to construct three lines in Oklahoma, aggregating 275 miles, viz Guthrie to
Stevens, I T., with branch from Oklahoma City and one from a point
in the Osage Nation to Wybark, I. T.; in Julv, 1903, 113 miles were in
operation. V. 75, p. 1086.
See Bonds below. V. 74, p. 1038; V. 75,
p. 60*. 1086.
In May, 1902, the Texas A Oklahoma RR. was Incorporated, with.
$3,500,000 stook.to build anextenslon from OkhihomaCitv to Colgate,
I. T., 105 miles, and acquire the Denison & Washita Valley
By., Colgate to Lehigh, I. T., and branch, 6 miles. Contraot w<ts let in Jan.,
1903. See Bonds below. V. 74, p. 1038, 1140. V. 76. p. 480, 19 19.
Land Grant.— Land grant in Indian Territory 3,110,400 acres, sub|eot to extinguishment of Indian title. For status in 1897 and 1898,
see V. 67, p. 222; V. 65, p. 542, 594. (V. 55, p. 937; V. 81, p. 1155.)
Bonds.— M. K. A. T. 1st and 2d mortgages of 1890 (abstracts in V.
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
Houston, Tex., 941 miles [except 71 miles of trackage] and randry
branches, the total mileage mortgaged being 1,601 miles, including the
Sherman Shreveport A BO., but see below.
These mortgages also cover the rlKht to the land grant In the Indian
Territory.
Payment of Interest on the ^second morigag* of 1890 Is
obligatory since the coupon of Aug. 1, 1895; previously It received 2
f
is
rity holders.
;
sorbed tn 1897, K. C.
,
p. c. Interest yearly.
The Missouri Kansas <t Eastern bonds originally guarantied were
assumed In June, 1*9<;, the road forming the St. I^ouls extension from
Franklin, Mo., to Texas Junction, Mo.. 162 miles. Bee V. 68, p. 90,
Of the St. Louis division 1st refunding bonds; 94,666.000 were reerved for the retirement of both Issues, the balance being for extensions and improvements 011 the division. V. 72, p. 1084; v. 7... p. 608.
The Sherman Shrivr/iort <f Soulhfrn mortgage Is for $6,000,000 at
$20,000 per mile; issued. 93,689,000, of which 82,000,000 pledged
under M. K. A T. mort. of 1890. The bonds, formerly guaranteed, were
assumed upon consolidation In May, 1901. V. 72, p. 103 1. 1115.
Dallas A Waco bonds are guaranteed, principal and In(ii \n vn lis.
terest (Issue limited to 91,840,0001
The Hoonvlllc Bridge Is me guaranteed, principal and interest, and
v. 7:;. a, 194
ai-o as 10 linking fund beginning 1911.
lie M. A". ,f
in Texas mortgage secun s 810,000,000 of bonds at
$20,000 iier mile tor extensions In Texas, The; are guaranteed principal and Interest. See above, and guarant., V. 58, D. 604.
he Southwestern Ooal <f Imp rovement Oo.'t bonds are guaranteed.
Mortgage ($1,000,000) covers the coal 011 5 1 ,00o acres In Indian Ter'S additional, the Deniritory, and the company also own
son i Washita Ry., 20 miles, mines In active operation,
The Missouri Kansas Oklahoma bonds are guaranteed, prinolpal
and Interest; the bonds are issuable at 920,1 00 per mile on new milehe Texas ,fe Oklahoma hotels
age to be constructed In Oklahoma.
ruaranteed; of the latter $968,000 are Issuable only in 63
ohange,
>r the 8outhwes1 Coal A Imp. bonds; balance for constructlon at $20,000 per mile. Form or guaranty, V. 75, p. 185. V.
1
/'.
I
I
A
.
Prhllcy (with stock yards, etc): side tracks 36*23 miles; total 49*78
miles.
(V. 1.7,
>ok, 970,000, eaoally owned by:
I
J.
Due,
Stocks— Last
nilHrt«n<1
Dividend.
1
V. 75, p. 649, 811,
a \uriii wuiiiiikiii
tiiiiik koi.i
$300,000
10
4,210,200
J
5»a
593,000 4g.-5g. J.
1.000,000
4 g. J.
325,000
5 g. J.
c6,000,000 5 in 1903 J.
d4,000,000 5 in 1903 J.
455,000
7 g. J.
950,000
7g.
1,015,000
7 g.
636,000
l g
1,382,000
6 g.
a5,282,000
5 g.
b8, 151,000
4 g.
21,000,000
4 g. A 5 J.
8.209.000
337.000
4 (5) J.
25,057,000
I*'
3,500.000
179,.') 69
5 g. ,1.
See text.
4A5
1.439.000
F.
170.000
5 g. J.
220.000
5 g.
-
A
F.
pal, When
1
TURN.
1902
1,000
1886
1,000
1902
1,000
1902
1.000
b $551,000.
—
Wisconsin— 1M uif rt.. $200,000, g..0\
50
Mi*si»*i;>vi Arkansas ct Western— 1st M., gold. AC.
22
a or which *2«2.000 held in treasury June 30, 1902.
.V«.
Dividends
$150,000
1,000
1877
1,000
1877 500 Ao
1879
1,000
1880
1,000
1881
1,000
1894
1,000
1899
1,000
100
1886
1,000
1,000
1886
1,000
1888
1899
1,000
27
102
53
92
Mort.on 8outhw. exten., g. ($12,000 p. m.)Ce..C
Pacific extension 1st mortgage, gold.Ce
o*
First consolidated M., 115.282,000, gold.Ce. o*&r
& refill, 925,000,000, g. ($18,000 p.m.). Ce. 283
Minn. St. F <& S. Ste. J/.— Stock (% 7% pf. n.-cum.)
Minn. Sault Ste. Marie A Atlantic 1st M.g.Ce..o"
495
Minneapolis A Pacific. 1st M., $15,000 p. m.Ce.o"
286
Consol. M., gold, int. guar, (end.)— See text Ce.o'i 1,452
<t
BlOOto
500
100
100
Minnrajiolis
Minn.
LXXVIL
[Vol.
1
71.
p.
1088; v.
7f>, p.
733.
e
RAILROADS.
Dale
Mile*
For explanation of column headings,
on first page of t.
Ac., see notes
w
.
Missouri Kansas
I
.
100
4
,
,
i
g.
1890
1902
<
lst.M.itu. p.AI.,a.f..oall at 1.
af<««o«r< Pnci/lr
l.OOO
1,000
1,000
1,000
195
1892
....
I
1901
1889
r
8.YV.C Alinp
1,000
L901
67
•
<
i
Htock + 100,000,000 autll.) ..
Pae. KR. of .Mo. 1st M.. extend in L888, raid. file
2d inort. ext. In 1H*.)1 In gold, St. I., to k
Lai M., st. Lonla real estate, ext, in i*;»2, ^ ,i<t
100
I
(
283
889
1868
1,000
1.000
L871
1st M. Oarondelel Br.,g.,gu p.a
ii.i.)ext. 93,
13
3d m. (oover'gaLl prope.ol PaaLfle kk. of Mo.io 296
Mo. Pacific 1st M., Lexington to
gold
55
Ooaaolldated mortgage, 930,000,000, gold... e* L.076
Gold oollatenil trust I' n
o'&rl 1,120
1st oollat. mort bonds for $10,000,000 g. *l
671
Ler. & fancy Val. lat M..g.,gu. (V. 70, p. I096).e*
52
Verdigris Val. Independence A w. 1st M..g.,guar.
81
,
I
1SS0
1887
I
ls-io
1886
1886
K.C.& N W.,lst M.pf."A"g.. Int. rent. .red 105, Me
Equip. Ass'n oldlgat'ns, 9230,000 pa; Se]>t 1 y'lv
do
do
Her. C, $282,000 June 1 yearly.. He
L894
1909
A.
A.
A.
do
do
do
do
do
1.68
J.
«lo
r.
do
1910.
till
Latest Kakninoh.—
i
1,000
1,000
l.OOO
L.OOO
1,000
500 Ao.
1903
i
190203
Annual
In April.
Charges.
Surplus.
$16,110,136 $4,651,819 $3,142,917 81,2
3.335.S41
15,218,616
4,363,465
1,027,621
Kkiokt. Annual meeting first Thursday after first Monday
Report 1901-02, V. 75, p. 608. See also editorial, p. 584.
—
Year end. June 30.— 1902.
1900.
1901.
Aver. miles operated.
2.500
2,265
2,218
2,200
Passenger earulng8.$3,040.842
$2,658,245 $2,152,708 $1,943,123
Freight
12,097,618
9,886,995
12,632,692
9.394,922
Mall, express, etc.
717.865
647.220
586,749
592,2*9
Gross earnings.... $16,391,399 $1.">, 103,083 |T2,62o\512 *1 !.:
Ope. exp.and taxes. 11,871,564 11,134,147
8,765.470
8.012.829
Net earn., Inc. nth. In. *fi$-l, 553, 64811 $4, 307,073 1193,954.251
Interest on bonds..
3.226,841
3,118,015
3,082,093
8,0(
Rentals.. Ac
.142
417.8
371.292
366.817
Balance
8r.$908,939 sr $799,916 sr.$450,866 sr.$548,683
•
.813 In 1902,$38,137 In '01, $43,209 In 1900. $61,588 In 1899.
Officers.— Chairman and President, Henry C. Rouse. New York,
Vice- Pres. and Gen Man mrer, A. A. Allen, St. Louis, Mo.; Vlee-Pre*
and Treaa C. G. Hedge New York; Secretary, S. Nalline, 49 Wall st
,
John
Rookefeller. William Bock feller, Henry C.Botu
Poor, Joel f. Freeman. Cbai
lamea Bro*n
Sdtteriet'. New York; Myron T. Herrtok, Cievelaod, 0.;
Wli B. P. .Mei), nald, Alfred J. Poor and r. N wick, (it Ka sum; II. .1. I)e Mure/: Ovens, Amsterdam
l"l and.
-(V. 76, p. 140S; V. 77, p 89.)
Dlreoton
t
SOU. (KM)
D.
nts Hoyt. Henry W.
I
lty.— fees Map.)— Operates an Important system extending westerly and southwesterly from st. Louis, Ho., in
eluding main line-, from st. Lonla to Omaha. Neb., 495 miles, anil from
Kansas City to Denver, Col., 758 miles, with many branches
sas, etc. Through tlu-St. Lonla Iron Mt. A Southern, which It controls,
connection la had with Texas ami the lines of tin
Paolflo,
ITIlNHOiirl Pacific
|
International
a- (ire it Northern and kne St. Lonla southwestern, the
whole forming what Is known as the "Oould System," In which the
heirs of Jay Gould are largely interested (nee list of Mr. Jay Gould's
holdings, V. 60, p. 83.) The Mo. Pao. property Includes
*rd line*, etc— (Oon.)
Lines owned and controlled. Miles.
Milts.
8t.
Louis to
Omaha
Other main line
25 branches owned
Leased lines ete.
495
838
1,701
LeroyAOaney
Valley
52
Kansas City AS. W
Other lines
Trackage to St. Joseph, eto
4>-
192
35
Boonvllle St. L. A Southern. .. 44
Verd. Valley Ind. AWest
81 Tot. Mo. Pac.andbr'nohllne8.3,489
Also owns all capital stock of Central Branch Union Pae., etc., 388 BD.'
St. Louis Iron Mountain A Southern and leased
lines, 1,773 miles
Grand total Missouri Paelflo mileage Jan. 1, 1903, 5,661 mllee.
Early in 1901 a large Interest was acquired m the Denver A Rio
Grande RR and so in the Rio Grande Western Rv extending the
system as fa- west as Orden, Utah. The Gould and Koeketeller hold
Inge In the Denver »V Klo Grande are together understood to constitute
a large majority of the entire capital stock.
In 1901 the Little Rock A Hot Spring- Western KR, Little Kock to
Hot Springs, Ark., 57 miles, was acquired. As to St. Louis Iron Mt. A
Southern acquisitions, see statement for that company following.
Organization, Lkasks, Ac—The Pacific RR. of Missouri was sold is
foreclosure September 6, 1876. The present oompany was a oonsolida
tdon In August. 1880, embracing the Missouri Pacific and minor roads.
The bonds of the proprietary lines are practically all pledged to secure
Mo. Paolllo loans. The Iron Mountain stock Is mostly owned by the
Missouri Pacific. Control of the International A Great Northern
was seoured In 1892 and of Central Br. U. P. In 1898-99. -See V. 68,
As to Texas A Pac. see below.
p. 329, 520.
Stock.— In July, 1 901. the authorized capital stook was Increased from
to *100,<>00,000. The amount outstanding on Deo. 81,
$70,000,000
1900, was $50,432,150; this was Increased to $76,102,875 In
1901 by the conversion of $11,218,060 collateral trust bonds and
by Issue of $2,983,500 for purchase of entire stock.and$2,983.500"B"
bonds of K. C. Northwestern, ami by further laeue of * 11.122,000
[partly at par to s'ockholders] to purchase #14.800.000- common and
$7,300,000 preferred stock of Denver
Klo Grande and for other pur
poses; In 1^02 $1,400,000 was sold to pay for new construction. 56
miles. V.72, p. 1188, 1238. 1280; V. 73, p. 185, 1356; V. 75, r.
.
.v.
M
'
Dividends— )
'82 '83 to '87 *88 *89 '90 '91 "92 to '00 '01 '02 1903
Percent... S 6
None 2<* 5
4
3
5
7 yearly. 5
4
On July 20, '01, 2»« p. c. was paid; 1902 and 1903, 5 p. o. each (JAJ).
k
k
Bonds.—The consolidated mortgage Is for $30.000,000— trustees John
F. Dillon and Edward D. Adams — the balance unissued Is In
redeem prior bonds due If deemed best. Abstract In V. 47, p> 287.
The collateral trust bonds due 1917 (Union Trust Company of New
York, trustee) are secured by mortgage bonds of new roads at $J*>,000
t
or $15,000 per mile; these embracing the line from Fort 8oott. Kan.
to Pueblo. Col eto. For securities pledged, etc.. see V. 46j>.678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
.
June
1,
1,
Auk-
1i
1949
1990
1940
v.
1,
1,
do
do
do
do
I
«.
ao
1949
1951
l,
Nov
1.
1929
03,24
Auk. 1, 1938
July 1, 1938
Jnlv
.
i
o.
1,
1938
1906
1,
Nov.
An*.
Nov
1,
1,
1,
l'.»20
1920
1917
1, 1920
1, 1926
Men. i. 1926
Jan. 1. 1933
TO Si-pt 1912
TO June. 191b
Jan.
An*.
Julv
do
do
5
1942
.
do
do
195 Broad
Mercantile Tr
do
do
do
do
do
ao
do
do
do
do
do
do
do
do
do
do
do
do
do
do
I
do
1,
.
Q.-M
-coo of the $25,000,000
lone.— In Mar., 190
Pacific 2ds had been exchanged for 65 per cent In a
M. bond. (V- 68, p. -->3. 819
fn July, 1901. din
74.1
.lend, on stock were resumed. V. 72. p. 1238. The 911,218,00
vertlble deben't of 1900 were exchanged in 1901 forawel
Earnings-! months, )1903.. Gross, $13,801,362; net, $-1, 121, 34s
Jan. 1 to Apr 30
(1908. ..Greet, Ii,4*j4,'.in2; net, 8,19
Annual Kki'okt.— Fiscal year ends Dec. 31. Annual meeting 1- held
+t st.
Louis In March. Keport foi 1909 area In V. 76, p. 589, 5»9.
Earning! >f Missouri PadflC hi tic in have been as below. "Other Income" In 1902 Includes Interest on Tex. A I'.ie 2d mort. Incomes,
."*><»; Denver A Rio Grande RR.,
81,118.800; Pacific Bxpi
$365,000; coal companies, 8150,000, etc.
11.00.
V ear ending Dec. 31.
1901.
IP 02,
VI lies operated
5,61
5,570
4,988
Total earnings
$36,661,093
1 ,3 1
Netearnliigs
13,01
10,<
2,473.131
'.(.619
)ther Income, Ac
2.42
Texas A
1
i.
;
•
''<
1
Total net Income
$14,874,636
86,64*. 672
and rentals
Interest
Taxes.
$15.519.01<>
96,615 1,082,916
1,156.
mdry accounts
"-3,261
841,1
<r,
Dividend!
1,855.1 10
1.547
Balance, surplus
2,689,513
8,914,720
9,886,760
Omens. President, Oi >rge J. Gould; Beoretary ami Treasurer, A
11
(aief , 195 Broadway, New York.
win Gould. Bamnal Sloan, J ami
ors.— George J. Gould, Rui
I
,
.Do
.1
I).
Fluckefellei
!.
;
I
1996
1,
Julv
5
i,.
t. N. Klnnoy. Milwaukee,
do
do
do
do
.lo
6
5
1.024,500
2.030,000
2.820.000
2001
1942
do
5
-."
li>44
1,
Ao
7
14,37-
1,
do
do
ISJ
14.904.000
1,
Nov.
Apr.
Apr.
Apr.
J.
A
5
237.500
3,828,000
June
do
do
A N.
A N
M.
3.907.OOO
M.
l.ooO.OOO
.1.
968.000
77,802,875 5 In 1903 J.
7,000,000
|
5
2,573.000
L. ,v
month* ending Kay 81:
Net
J.
1.000
V. 75, p. 608.
dross.
M.
M.
1,340.000
See text.
650, OOO
Tllixnirl KannaM &: Texas It y.— (Concluded.)
Equipment Note:— On Mar. 31, 1903. these aggregated 93,933,537,
payable part yearly
Due.
Dividend.
49 Wttl
do
J.
2,500,000
mso
>,
Whom.
1,852,000
4,00
1 L 1.000
1872 500 Ao.
1873
500
1876
1.000
(
nun-
i
A lieu
Stock* - 1 auU
Payable, and by
Payatile
M
Guaranteed bonds—
Dallas AWaool si m ,920,000p.m. g.p. A Lgn «
M.K.A Ok..lslM ,$20,000 p. m.,-e.Ar
Tex. A Okla.,ls1
..gu.p..t i.'i
M.K.AT.of Texaslst M., 920,000p.m., R.,gU
Boonv. Br., lMt M., g., go. p. A i., end. »>. ..o*
VII"
When Where
100,800
13.000,000
1,000
1,000
1.000
1,000
1,000
l.ooo
.
,
1)1
{
moo 9M
(
,
Amount
Kate p*
OuUtalidllik('nit.
Bead, Bonds
87
OK
81*e, or
of
it
i
afiseouai K
HAS A Tazafl
A I'j-n.t on mm. -;•• K
Preferred stock, 4 per cent non oumulal Ive
M. K. A T. 1st mortgage, gold, Oe
1890
1,601
1V.MI
2d M. (formerly Lnoon
l.BIe
1,601
1st M. exten. bonds, gold £20,
li..
1894
p
st. Louis > v
1st. rer« M
$6,000 oon f
L901
o*
Mo. k
- 1,000,000 g
162 L802
BMtim.Ce,
2d mortgage, guarantee I, i.«-tu*; retired
162 1889
8h. Sh. a Bo. 1-; M 920,000 p. m *., mso Ceo'
2og
L898
Kan. city A Paelflo Lai M., gold, assumed.*,
130
Missouri Kanaat
1901-02
3
'
RAILROAD 8TOCK8 AND BONDS.
July, 1908
I
w
1
Bizbr,
si.
Louia,
nieeonrl
Ho.—<v.
I'aelll*
••
.1
,\e«
\
«.rk.
M*,
8 J al illal 9t
7o, p. sift,
.
11.
Wa
.•>*>«. 6^1.
t-
a»u,
1
Iron
l.<uil«
red.
W. K.
oer, Roa>ell Hard.. (,
Tlouutaln
4c
so ut her 11 It).— ( -See Map.)— Owns St Ixmls toTexarkana.Tex. Line.
490 m.; oranches to Belmont, Mo., Bird's PL, Mo. (Cairo), Cam.len, Ark,,
Helena, Ark., (.'ushmaii, Ark.. Arkansas City, Ark., Warren, Ark.. Memphis, Tenn.. Ac. 747 miles; 11 oust on Central Arkansas A Northern Railway, McGehee, Ark., to Alexandria, La., 190 miles; total owned January 1. 1903, 1,427 miles. Leaaaa Little Bock A Fori umith and Little
Kock Junction railroads, 176 miles. Kansas
Arkansas Valley KR.,
.v.
170 miles.
Total operated Jan. 1, 1903, 1,773 D
In Deo., 1901, holders of 822,276,000 of th.
^8 Texas
m
A
new Iron
Paelflo seconds exchanged their bonds for 65 per cent
Mtn. gold 4s bearing interest from July 1, 1899. BOO Bonds below,
il,o v 88, p 829,880,474,580.579, 619, 725. 774.
In Dec, 1902,
the
Orleans Northwestern RK.. vidalla. La., northwesterly to
Ai Kansas 8' ate line, 115 miles, was bought. V. 76, p. 1400.
May, 1908 a line from St. Louis along the east side of the
-ippl Klver to Tin lies, 111., with branch to coal Held-, a total of al>out
1 i"> miles, was about co opiated; a new short s\ stem
from St. Louis to
New Orleans was aiso proposed via the weal aide of the river, and a
connection with the Texas a Pacific at Clayton, La., ami s diagonal Line
A
New
•
1
from the last-named line to a connection with the Mo l'ac. at Garth
age, Mo., completing a 480-mlle Ion irrade line from Kan, aMemphis, ortheKern his to Clayton, La
ler construction, and Ha tcsvllle. Ark., to Carthage, Mo
254
miles, 82 miles of the last named being completed V. 76, p. 9 13,600,
.
1
1
,
1031.
-i.hk— Stock was
$25,788,435, of which $25,788.^35 June 1, 1903,
Missouri Pacific mostly acquired In 1881. Authorized
1903 to $K.0,000,OO0. See below. V. 69. p. 27.
DiviDKND-In 1899 2 p. c; In 1900.6; in 1901,6; 1902,10.
"..>Ni>s.— General oonsol. mort. is for $45,000,000. Nos. 11,001 to 18.000 inclusive are endorsed with the Missouri Pacific*! fruaranty of principal and Interest form of guaranty was in V. 66, p. 650; they are a first
,53- miles. (V. 68. p. 85, 233, 520.)
lien on
The gold 4s of 1899 (first Issue $30,000,000) may be Increased
not nv.r $10,000,000, at $12.(00 per mile, for construction or
acquisition and equipment of branches and extensions.
They are
secured by a lien (sub Ject only to the general con-ols on all the railroads, terminals and equipment of the company, and also a first and
only lien on all stocks and bonds now embraced in the trust of the
gold funding note Indenture upon satisfaction thereof, all leased and
branch lines, or their bonds ami stocks acquired by the Loan, and all
Texas A Pacific seconds acquired, and all future extensions and
branches constructed or aoquired.
Of the $30,000,000 at present authorized $16,250,000 were Issuable to retire the entire
Issue of Texas A Paelflo seconds, and $12,114,000 to retire at onoe
$3,952,000 gold funding notes and $3,412,000 Kansas A Arkansas
Valley 1st 5s, and also eventually $2,596,000 Little Bock A Ft. Smith
bonds, $435,000 Little Kock Junction 1st 6s, $683,000 car trusts, and
$200,000 Banng Cross Bridge bonds and the haUnoc, $1,636,000
available for Improvement*. (V. 68. p. 619; V. 70. p. 9»7; V
u.000)
The River A Gulf Divisions 4s ,,f 1903 (present!
will be secured by a first Hen on 677 miles of road bnlll or
structlon >see shove) and on terminal property at Bl
Louis, Cairo and Thebes and deposit of the bonds of the
Memphis. Additional bonds may be Issued up to a tol
and
at not over $30,000 per mile of main line for new.
$15,000 per mile of second track and branch lines, but nol exceeding
the actual cost, and for additional terminals, equipment, double
tracks, etc. See also above. V. 76. p. 543, 600, 1085.
was
•iwtied
i.\
limit increased In
;
1
.
1
.
ss
INVESTORS' SUPPLEMENT.
[Vol.
LXXVII.
—
July,
>
RAILROAD STOCKS AND
1G03.]
BONDS.
89
Prluci-
l:\IIKOAD8.
Mil.-* Date Size, or
Amount
Par
of
7^r: ...
For explanation of column headings, Ac, Bee notes| of
0n
""Wtandlu^ Hat* per
on first page of tablet*.
Road. Bonds Value.
When
ffa
HiHHnu ri Pacific Si/sti m — (Concluded)
St. Louix iron Mount in ,r Southern
*
Gen. oouhoI.
Do
1.
gr.
do
.-
BiirliiL.'
.
Cn
i
Rook a
1.538
81tO"7 $1,000
1,538
.>
gr.
.
i
too, i.ooc
too, 1,000
146
BM
I
June
1
4,000,000
500A0.
4.0O0.OO0
38
500 Ac.
L900
1,000
1,000
(V. 71.
N. Y.,
g.
g.
g.
g.
342,000
Joint equipment notes ($19,000 due semi ann.)
>.000p.m.,g.,gu.p.AL(en
OonsoL mortgage, $10,0 0,000, gold.* J
Motion tji hi in Hirer US. Bonds BM B. A O. UK.
Montana Gen/rut Bee Ukk\i NOBTHKHIf.
Montana RR -1st M.. it., $2,000,000
Wontaom'v K*H J, utM. $200,000. lawful money e
Moh.JMni [itM.,91
July
i.
N
J.
A
J.
V
V.. Guar
V.. Farm.
ATr.t
1(01 A.
1,000
I.OOO
1.
••
arm.L. a
do
I
I
ilu
.
1919
;
15/12
•l
M.
3,000,000
1P00
1890
1047
1980
.
Mnv
Ti
I..
•i.lik.Mni,!
M.
1902
i
Hk.
To
182
200.000
1
,
ilo
till
1901
nl tr
i
Farm. l.att. <v.
N. V..
Various.
Various.
V
l.ooo. ooo
Tru
•in
g.
K.
5
404.000
i
t'-x;
6
6
4
B
4
4
ii.i7-J.ooo
1888
1,000
.
"A" A "B"
ill.
,ld
loo
500 Ac
boi
trusts
Apr
July
July
N. v.. colonial
5 g.
5 if.
1*61
<
do
.1
1,200.000
1000
looa
472
55
506
189
.V
1,000
Hi
1
Hi]
1,000
149
law fill moi
l8tM.,exten.,Coluni
iranoh.gold. af. C
General inort. for $10,000,000, (now gold) ,
Montgomery Dlv., 1st M.. $4,000,000, gold
Collat. trust, gold, cull ut par.G.e*
Bt. Louis A Cairo l-i mort,, eold, lnt< rest guar c
Mobile A R.Sh.lat M.. $200,000, gu
I,
do
llo
iln
6
7
«
lOO
Mobile. J-. Ohm Muck
1st M., Moli. to Co l.i iiri n. if.. Int.
1.
liuarMy.
<
1
Equipment
Equipment
to
500 Ac.
2
1st
Apr
Apr
O.
ilo
1-7K
Rock
i. p.Al.hv lr. Mi
.11
Mobile dk Linn ini/lt. RR.- Pref. slock ($000,000)....
Prior lien, gold, #000,000. Ce
1st M., 91,200,000
...
Se.fl
ytobih lackton <t K. ('.— st M, $1,000,000. g
,40., lsl U.,$ . (too, u- •'.
10.4 i.l.i-
Smith
A
do
165
Ft,
J n-
A.
rly
in., (rold,
M.Jand
slnk.fund..
Little
Little
|S36,927.0O0
l.tMKI
si
Unifying A ref. M
I'M..
River A O Div'n
Oar trusts Mar.81 ,1908,dueJune,
,
He
i
M. (9i5.000.000)
gold,
and by
A
A
8. N. Y., Knukerli. Tr. Co.
S. N. Y., <»r (Mil. Station
A
A
J.
J.
Bept
i
Mar
1.
B009
July
1,
N Y .MetroiiornTr.Co. Jan.
1,
1980
1910
i
.
.
Annual Kki'okt.— Report
Tear ending Dec. 31—
100
.
for 1902 In V. 74, p. 590,
showed:
1000
190L
1903.
Gross earnings
$1 i,'>81,037
$17,010,57* 916,961,021
13.022
Net earnings
Other reoelpts
1,274,607
1,062,
Total net Income
6,41
8,007,519
7,903,927
Interest on bonds
8,070,598
3,170,531
8,118,403
Taxes, bridge exp., rent'ls, Ao.
936,
757,468
47/242
Dividend!
;10%>2.57
Balance for year
sur.$l .222.97
$2,584,365 sur.$608,870
— (V.
1
75, p, 982, 1400; V. 76,
ITfohllc A:
and
it It.— Mobile to Marlon Junction. Ala.,
1888. Leased to Southern ">"• from Mar. 1,
Latter agreeing to meet the Interest on bonds,
a dividend <m the $'.100,000 preferred stock of l
In July,
99 yean, the
guarantee
to
213, 648, 1081, 1085.)
Klrmln^liuin
149 miles; opened
1899, for
p.
per ccni tor tirst year, 2 peroenl forseoond year and Speroentfor
third year, and I per cent foi lie, fourth year and thereafter. The
$900. Ooo common stock Is owned by Southern By., and the voting
J»ower on tin- preferred Irrevocably assigned to the Boathai
luring the term of the lease. V. 68. p. 420. 1 131; V. 69jj>. 891; V.71,
Foreclosure In 1895 per plan V. 60, p. 857.— (V. 73, p. 137.)
p. 1013.
t
Mobile
.lai
liHOn
from Mobile to
< it y IC It. — Owns
Extension will be bulH north from Beau-
A Knimao
Hattieaburg. Miss., 96 miles
imnit. 30 miles sou t ilea -t ol BatUesburg, to Jackson, Venn., abonl 850
miles; of this, Beaumo]
to Decatur, Miss., l oo miles, will i>e completed a bout Oct., 1903, and the balance, from
orth to Jaokson, 2.">o milt s w ill be leased from the Gulf a Chicago ui; for B
from July l. 1908, The Gulf & Obloago Is partly completed from Mlddleton to Pontotoc, 62 miles, and is to be standard gauged and extended, its bonds being guaranteed, principal and Interest
Bee form
of guaranty, V. 77, p. St<. In Nov., 1901, acquired the Kingston A Cent.
Miss. RR., Laurel, Miss to Baj BjprlngS, 25 miles. V. 78, p 101 1
$4,000,000; Issued Oct 1, 190
Both
100; par of shares. $100.
Issues of bonds shown in table above arc limited to 920,000 per mile
of standard-gauge road. V. 70, p. 687. Report for year ending June
30, 1902, in V. 75. p. 1199, showed, gross, $167,229; net, >7:i.497: in
1900-1, gross, $140,730; net, $70,272.
President, W. D. Btratton,
New York; Secretary. Pierce C. Butler. Directors, July, 1903, V. 77,
p. 89.— (V. 76. p. 1143; V. ',7, p, 37, 89.)
i
,
mobile A Ohio Kll.—iSer Mmp h'n. llf/.t— Owns from Mobile,
Columbus, Ky., 472 miles, proprietary tine, Kentucky A Tennessee RL to K. Cairo, 21 miles; branches to Columbus, M
Ala., to
Columbus, Miss., to Montgomery, Ala., 107 miles; with Warrior
Branch, 9 miles, and BlOCton Branch, IS miles; total owned, 71 5 miles;
lis a Cairo (leased), Cairo to St. Louis, 152 miles, with branch to
Mlllstadt.7 miles; total operated June 30, 1902, 871 miles. The Mobile
Nashville
A
ed
in
Feb., 1903.
V
69,
p.
-~>(
;
;
Delta UH., see V. 75, p.
History, Etc.— Opened in 1861 securities readjusted in 1879.
Lands June 30. v.b, valued at 8
In 1903 the Sent hern Rv. had acquired 17,962,000 Of the
$9.472.iHio gen. i- and 14,932,600 of the $5,320.6*
Issuing,
dollar for dollar. Its collateral trust i per cent gold bonds In exchange
for the M. A O. ecu -is, secured by a pledge or the latter ann all
trust certificates for stock, dividends being payable (A. A O.I at 2 per
cent for one Mar. 3 per cent I'm the second year and 1 per cent In perpetuity thercalter. The ti is t iliv.of 1 per cent was paid Oot 1, 1901.
The road will be operated Independently. V. 72. p. 241, 483.
"Divikkmis. -First dlv. (1 p. e.) paid Feb. 28, 1898; on June 24. 1903,
'2 p. c
from accumulated surplus. V. 70. p. 1408. As to dividends on
stock trust certificates see paraifraph above.
STOCK.— Stock authorized, $1 0,000,000; outstanding, $5,320,600;
Sar, $100. The voting power on $4,984,200 of the stock toexen
:ie general
mortgage bondholders by virtue of the deposit in trust
under the general mortgage ol the old debentures of 1*79.
~*^«D8.— Under the general mortgage of 1888 there can be no forerlttin< till four coupons are in default
Mortgage abstract, \. 17, p.
83. V.tO, p. 967
Interest on $4,000,000 Bt. I.ont- A Cairo 4s Is
iced. As to Mont. Dtv. 1st 5s, see application V. 66, p. 1045.
Of the $2,500,000 collateral tru
suable in exel. an: e for the $6,500,000 ft. Louts
Cairo stock. See
v. 7o. p. 532. bi July, 1902, $8,489,000 stock bad been exchanged.
im.s.- lor \ car ending June 30, 1S03, gross. .•?", 183,291, agst.
$6,509,488 In 1901 2.
obt.— Report for 1901-02, v. 75, p. 903, including Montgomery
Division, lss mile--, in last three years. The results of the Mobile a
Bay Shore 1;
r"i6,015; net $24 ,460; charges, >1 1,453.
Tear end'g June 30—
1000.
1899.
1902.
1901.
Miles operated
874
874
638
Total gross earnings. $6,509,488 $6,139,912 $.\P9i;.731 $4,531,153
Net earnings
2)020,302
1,807,061
Net.lncl.oth. income. 3,130,667
1,922,012
Interest and rentals. 1.5^9.107
Balance, surplus*.. $541,560
07,104
$366,702
$33
V. 70, p. 158.
Mississippi
;
A
ti
*
Equipment and new construction
ses) cost
(additional to operating expen$271,748 In 1898-9; $314,990 In 1S99 0, *389.41<i in 1900-1
in 1901-2.— (V. 75, p. 903; V. 76, p. 48, 158, 140s.)
and $417,510
5
it
•
K.
6
J.
'J.
N. Y.. Central Tr. Co.
Mobile Ity. Terminal Co.— V.7B,
Motiawk A tlnloicKIt
1>
1308,
Central. )—Owns from
on the N. Y. entral's main line northerly to Malone,
al Vermont, with branches, 189 miles in all.
and
ST. Y. Central leased the road
histoky.
guaranteed us Hist mortgage bonds. New York Central owns lie
In 1902 a new \r.i<>- In perpetull
ook
cent cun-ols authorized, of winch $2,500,000
$10,000"
to retire at maturity the Urst mortgage bonds and $3,«oo,u00
lor Improvement i and enlai Kementa. v. 74,
09,541; first
Year endlnif June 30, 1:»oj, gross, $1,087,9
bal., def.,
Int. on incomes (5 p. c). $129,458;
charges.
$16,557 -(V. 7.1. p. 445, L818J-V. 74, p. 630,830,937.)
" tlnnon,)'- See Chicago DTDXAXAFOUB A Lotisvn.i.
Hoiioiiuiiliela lll\er It It.— Road from Kalnnont to Olarkaburg,
Road opened In 1890. li.AO.owns all of
Car
the coal bonds being reduced to $1,000,000
000 stock (par 311
trust 6s, principal Apr 1. 1902, 9877,000
9; net, 1-195,660; int., tav.s. etc., $40,585.— (V. 70, p.
Tin ii tana It It.— Lombard. Mont., to Harlowton. 9
m from
from Summit to Leadboro, miles; total, loo miles.
Harlowton to Lewlstown, 63 miles, is under construction, to be built,
perhaps, under a new charter.
stock authorized, $3,500,000; Issued, $1,574,000; par of shares, $100.
Of the$2,000,000honils, all outstanding. months' notice, the remaining $1,00
able at 105 and Int. on
being held June 30, 1901. by the Northern I'acllic My. as collateral for
.ear ending June 30, 1901, cross, $101,124
Preeldenl II. D.
laL, sur., $3,587.
$23,448; Int. and 1
Moore, I'hiladelnhla, I'a.; Vice-Prcs. and Treas., Richard A. Harlow,
Helena, Mont.; See, W. J. Fnohs, Helena, Mont (V. 71, p. l
Tloniorey 4k Ulexlcun <;ulf It It. —Purchased In June, 1901, by
the Mexican Central By..- (V. 74, p. B87; V. 7.",, p. 290.)
i,
.
N.
N
1
.
i
..
i
t
:•
i
•
.
I
I
1
I
it y.—Owns real estate and
Montgomery, Ala., about one mile of track on Tails
rry and Columbus Btreets. Alabama Midland By.
Himual rental of $15,525. The Atlantic Ooasl Line RR. owns 90 per
cent >if the stock. Capital stock Is $200,000 par. $100.
RIoBtjcomery Belt Line
ine in
\>
;
Montgomery A Krlt Ky.— {See Map Erie Railroad.)- Owns mad
from Montgomery to Goshen, N. Y. 10 miles. Road opened 1867.
Leased In 1872 to N. Y. I. 1. .v W. (now Lkii: RR.— which
stock. 9150,000, Dividends (4>9 per oenl |ht
Is $15,531 per annum,
annum) are paid May 10 and Nov. 10. sinking fund $6,500 per annum.
Moore Co. A Western lilt.—See V. 74, p. 776.
llorjjan'n Louisiana A Texan UK. A sieaiiiHlilp<'onipaiiy.
uf, of Southern Pacific.) - Ko w>— Owns Algiers to Cheneyvilie,
205 miles; branches, 95 miles trackage to Alexandria, 24 miles; total
railroad lines. 324 miles; steamship lines and ferries, 3,170 u
Organization.— The Southern Pacific Company owns al) of tt)
"stock. Operated independently Since Jan. 1, 1902. but In
am. Company hi
connection with Bo
*nd river steamers and 6 tugs plying between New York and
New Orleans and between Nnlf ports; also wharves and wan
EARNINOS.-10 mos., > 1902-3 .. Gross, $1,019. 252; lie'
4,706,992; net,
July l to Apr. 30.
{ 1301-2.. ..Gross,
Tn year ending June 80, 1;m)2 gross, 97,191,630; net, Inclinling
si due
other income. $3,007,483; surplus over oharg'
oo. under lease to So. Pao..$l,731,221.-(Y. 75, p. 290; V. 76, p "i43.)
Tlorrln A Knnex Kit.- (See Map m neimrare Lack
Western.)— Owns from liobokeu. N. J., to Phillipsburg, N. J.. 88 mil**;
branch, Denvllle, N. J., via Morns A Ks-ex Tunnel, to Hoboken, N. J.,
35mU.es; leases 37 miles; total operated, 157
Lease.— Leased In perpetu ity to Delaware Laekawanna A
assumed all liabilities and pays 7 p.
per annum on the oaptr«
whenever 30 p. o of gross earnings are sufficient to
and 10 p. c. 09 sloe!;, p. c. additional must be paid.
Bonos. -01 the 935,000,000 1st refunding 3^s. $23,968,000 t
wi
< bonds, and $11,032,000
77; V. 71, p. 1 107. See
additions and improvei,
form of guaranty, V. 71. p 1308.
-The road Is important to the Delaware Lackaw.,
a as a route with terminal facilities on New York Harbor, but
rental
Aftei
a large annual demit, viz
-08.
In 1901. $1,415,179.— <V. 74,
In 19c
to Port
Tloiint Carbon A I'orl <;irb. hi itli,—<i\Mitrack, 2^ tulle
Carbon. Pa.. 3 n
IL and lease
Leased March 5, 1^60, fo
6d in 1896 by Phlla. A Reading Railway. Rental $.j6,2.'i0 3early
Tfuscatiiic North A South BR.;
!
;
.
<•.
-
1
.
.
-
I
:
i;
]
I
nnakearoa Grand
Kapldn A liullnna Kit.-Owns road,
R. A Ind. at
Orand Rapids to Muskegon. Mich.,
Grand Rapidwhich was foreclosed In I **9<
author
'0;
par,$10
<y
Orand Rapids A Indian
i
b net earn;
iponol Jan.,
paid In July. 1902. Kannngs for year ending Deo. 31.
491; net, $43,101; interest on bonds, etc., $38,100.— (V. 77,
p. 89.)
1
:
no
RAILROADS.
|
j
For explanation of oolumn headings,
on first page of tables.
<feo.,
see notes
„.,
Miles
_
Date
of
Par
,
-.
Con. M. (for >-5,000.000) guar. D. L. & W.C«to*<tr
1st ref. niort.. g., $35,000,000, gu., p. A end. F c\tr
Special real estate bonds
Morris & Essex Extension stock, guar. 4 per oent.
Mt. Carbon rf Port Carbon RR. — Stook (rent'l guar.)
Mvnitiny— 1st ruortk.'aL. e. gold
Muscatine So. <f So. 1st M., $-150,000, gold.N
Musl.ti/on or. Kapids tt Indiana 1st M., gold. Ce.
Narragansell Pier A'/?.— 1st mort., $100,000
Hash.ua <£ Lowell— Stook, 9 p.o. rental, 92 yrs.B.&M.
.
r
—
Nashville Chattanooga 4 St. Louis— Stook
1st mortgage (for $6,800,000)
c\tr
let M. on Fayette, and MoM.brs. ($6,000 p.m. )o*Ar
mortgage on Lebanon Branch
o*
let M. on Jasper Br. ($90,000 are 8s, due '06)Ce.c*
1st mortgage on Centrevllle Branoh, gold.Ce.ctr
1st mortgage on Tracy City Branch
o**r
Duck R. RR., 2d mortgage, now 1st mortgage, g.
ConsoLM. ($20,000,000) $20,000 p.m.. gold. I Nashville <£ Uecatw Stook, gu. 7*« p. o. by L. <fc N.
—
85
120
120
85
15
340
125
29
43 77-'83
46 1883
20 1887
48 1881
798 1888
.
Gross.
Net.
Inter est, etc Bal.,sur.
$8,723,694 $2,391,196 $1,659,661 $731,535
7,266,021
2,142,134 1,677,508 464,626
Annual Report.— Report for 1901 02 in V. 75, p. 730, including
Paducah A Memphis division. 254 miles. In 1900-01 and 1901-02.
Tear ends June 30.
1902.
1901.
1900.
1899.
Mileage end of year...
1,195
1.195
935
935
Gross earnings
$7,992,530 $7,620,128 $6,487,318 $6,081,766
Net earnings
2,370.416
2,509,002
2,246,734
1,982,009
Investments, etc
18,130
22,253
26,178
30.482
Net Income
$2,388,546 $2,531,255 $2,272,912 $2,012,541
Int. on debt and tax... $1,156,768 $1,231,484 $1,262,005 $1,203,391
Rentals.
625,878
625,877
422,268
422,268
Dividends
(1%) 100,000
Miscellaneous
81.189
54,514
42,731
3 4,847
Balance
but. $524,7 11 sr.$619,380 sr.$525.908 sr.$254,535
-(V. 73, p. 336, 781, 1313; V. 75, p. 287, 730, 1354; V. 76, p. 48)
A
UR.-f£M
Naahvllle
Decatur
Map Louisville ct Nashrnlle.jNashville, Tenn., to Decatur, Ala., 119 miles. Re-leased to
Louisville A Nashville in 1900 for 999 years, the rental being 74 per
oeut on stock. The L A N. July 1, 1901, owned $1,971,600 of the
stock.— (V 68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
National Hit. of Mexico.— {See Map.) Operates a road extending from Corpus Christi, Tex on the Gulf of Mexioo, to the City
of Mexico, with branch to Uruapan, etc., which upon completion of El
Salto extension (cut off) about Sept., 1903 from Huehuetoca to Gonzales, 166 miles, will consist as follows:
StandakkGai'ok— Oicned Miles
Narrow Gdaqb— Own«/ Miles
Laredo to City of Mexioo
802 City of Mexico to Uriapan. .. 321
Mexico to Tacuba (3 rail track) 3 Aoambaro to Gonzales
55
Clntura line (< rail track!
3 Riucon to Sai Luis de la Paz.. 31
Salamanca to Jaral
It Vanegas to Matauuala
37
Controlled Secur owned.
Leased
Texas Mexican Ry., Corpus
Mlohoacan A Pacific Ry.,MaChrlstl to Laredo, Tex., and
ravatlo to Zltacuaro
57
Owus from
,
I
I
|
—
—
branch
162
Total of all (see below).... 1,493
Total standard gauge
992
Also confols by ownership of a majority of stock the Mexican International rr., extending from connection with the Southern Pacific
at Eaglo Pas*, Tex,, to DurangO, Mex., and to the National RR. of
Mexico at Monterey, with branches, 880 miles In all, and owns the <le
taehed branoh (narrow guage) not Included in table above, fr. m Baa
ros (7i. miles) to be standard tanged and extended
Miguel to Mate
to a connection with the main line at Monterey, the total distance from
Metamoros to Monterey to be about 222 mllea; [nteroceanta Ky. of
Mexico (to be controlled), 555 miles (fraud total system, 3,004 miles.
in.iiine, 1903. Tt;:* mile
main line, extending from orpua Ohrlatl
south to Oonzalea were standard gauge and in operation, this Ineluding the Ti
an Ry.; V. 75, p. 1147.
Organization.— Incorporated In Utah on Feb. 9 1, 1902. as successor
without foreclosureof the Mexican National RR., per readjustment plan
<
•
In
V. 73,
|>.
7SI.
AOBKEHKNT WITH MBXIOAN GOVBBNMINT. ETa-
Mexican Qovernn cut purchased £25,865 500
mon an 1 preteneds took 8« e V. 76, p. 1801,
In.lune, 1908. the
of the $65,30 ',000 comNearly allot 11.
common itook then consent* a to the conversion of that
into in" S p. e. nun emu "second prefern d ami "deferred" stock, to
lie rate or two shares ol -.
ond preferred and one share <>f
1
1
'
1
common stook, per plan \
1193. The Government of Mexioo has agreed to purchase any ol the
deforreil stock oflered r<r a limited period at #10 per share and a lar.e
lit of the M'i erai other
ok
Also to -en to tin' nim
ii
Company the ft 1,000,000 [nterooeanlc
Ry. of Mex <•> leoonri debenture stook, ti e latter, with pref erem
common shares already owuo I, gi\ Ing practical control, tiua scouring
deferred for every three shares of
<
I
I
1
W>
5
M.
R
A.
<fc
M.
,
1,000
,
Bonas— princi-
-d bj
1
1,000
1,000
1,000
Na»livllle Chattanooga A St. LouU Ky.— (See Map.)—Own*
frou Chattanooga. Tenn., to Hickman, Ky., 320 miles; branches to
Lebanon, Ac, 485 miles; leases Western A Atlantic, Chattanooga.
TeDn.. to Atlanta, Ga.. 137 miles, and Memphis A Paduoah Dtvlson of
the Louis. & Nash 255 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1902. 1.195 miles. Extension of Bon Air Branoh Ry.
to ooal fields was completed in April, 19i>3.
Organization.— A majority of the stook ($5,500,500) Is owned by the
Louisville A Nashville, and pledged under its unified mortgage, etc., »o
that the two systems are operated in olose harmony. West'n A Atlantic
•I'd from State of Georgia till Deo. 27. 1919, at $420,012 per an.
Dividends) 1888 1889 1890 1891 1892 1893 '94 '95 '98 None
since 1887.. f 4H
5
5
5
5
3% 34 4 y'rly since.
Bonds.— The Traov City branoh 6s fall due $20,000 yearly on Jan. 1
to 1916 Inclusive, and $100,000 on Jan. 1, 1917.
Consolidated niort. of 1888 provides that all prior bonds shall be paid
off at maturity; suttloient ol the $20,000 p. m. are reserved for them
Jointly with Louisville & Nashville guarantees $2,500,000 L. A N.
Terminal Co. bonds. See L. & N. V. 75, p. 1354.
Gknkral Finances.— Bills payable incurred for lease of Western
A Atlautlo RR. and new equipment June 30, 1902, $806,452.
Latest Earnings.—July 1 to May 31 (11 months):
Cent.
>™3» A W »™
Payable
-
25
119
Vol. LXXVII.
4 N.
Qoshen. N. Y.
Ooshen, N. Y.
O.
& S Inter Trust Co., Boston.
5,000,000
A. & O. N. Y.,8.Pao.Oo.,23Broad
1,494,000
do
do
6g J. & J.
1,000,000
5
J. A J.
do
do
15,000.000
7
J. & J. N. Y., Del. Lack. A West,
M. & N.
7
do
do
5,000,000
11,677,000
7
J. .v D.
do
do
3>« g. J. & D
do
do
9.600,000
4>«
1,800,000
do
do
,M. & N.
221,000
4
do
do
12
J.&J.15 Phil a., Read'g Term'l.
282,350
160,000
4 g. A. A O. Am. Trust Co., Clevel d
398,000
5g. J. A J. N Y..N.Y. Sec. A Tr. Co.
750.000
J. A J. IJan.,'02, pd.Jiily,190;%
70,000
i* F. A A. R.I.Hosp.Tr. Co., Prov.
|M. A N. Nashua, Indian Hd. Bk.
9
800,000
10,000,000 1 for '98 Q.-F.
N. Y. and Nashville.
J. A J. ,N. Y.. nanover Nat. Bk.
6,300,000
7
750,000
6
J. A J.
do
do
300.000
6
J. A J.
do
do
461,000 6g. &8 J. A J.
do
do
376.000
do
6 g. J. A J.
do
360,000
6
J. A J.
do
do
22,000
6 g. M. A N.
do
do
7,452,000
do
do
5 g. A. A O.
7»«
3,567,382
J. A J.
Nashville.
1.C00 0C0
5g. J. A J. Merc. Tr. Co., St. Louis.
4 * g. J. A J. N. Y., Speyer A Co.
20,000,000
4 g. A. A O.
22,000,000
do
do
100
50
1900
1,000
1898 300 Ac.
1,000
1886
1896
1,000
100
100
1,000
1873
1877
1,000
1877
1,000
38
28
37
^f
$130,000
40,500
438,000
Var*us
Naxhville Florence dt Sheffield— See Louisville <& Nash TILLS.
Nashv. Term.— 1st M.,g.,lut. rent, red. 105, beg. '07
1902
1,000
national RR. of Jfexiro—
Prior lien M., $23,000,000, g., call at lOi.Cn.c*. 1,405 1901 500 &o.
l:<ol
First consol. M., $60,000,000, g. (see tcxn.ce.o* 1,405
>oo do.
11 mos.
1902-3
1901-2
OuTtanSmg
1866 I.
1867
1897 100 <fco
1878
1,000
1880
1,000
1893
1,000
50
1864 500 &o.
1875
1,000
1900
1,000
102
157
204
i
INTEREST OR DIVIOENP8.
Size, or
of
Road. Bonds Value.
Montgomery rf Erxe Ry.— 1st M. (old 7» ext. In '86)
2d mortgage (old 7e extended)
Moore Co. <& West— 1st mi rt.. gold $1,000,000. 1 II
Morgan'* La. <£ Texas— 1st M.(N Or.to Morg C.).Fo"
1st mortgage, Alexandria Extension, golcLF
General mortgage. V
Moms <t Essex— Stock, 7 p. o. guar. D. L. & W
1st mortgage
1st
SUPPLEMENT.
INVESTORS'
I
1
pal. When
Due.
Stocks— Last
Dividend, %.
May
Oct.
Men.
1,
1,
1,
1926
1927
1917
1918
1920
1913
Apr. 1,
July 1,
July 1,
July 1,'03, 34
May 1, 1914
1, 1915
1, 2000
1912
June
Deo.
May. 1903, 1%
July 15,'03.6%
Oct.
Jan.
1,
1,
1925
1929
July 1, 1926
Auk. 1. 1918
May. '03. 4%
Nov. 1, '98,
July 1, 191
Jan. 1, 1917
Jan. 1, 1917
J an., 1906 A' 23
Jan. 1, 1923
Jan. 1904 to'17
Nov. 1, 1909
Apr. 1, 1928
July, 1903,
3\
Jan.
1,
1932
Oct.
1,
1.
1926
1951
Oot
r the National a line from Mexico to Vera Cruz and an outlet to the
Oulf of Mexico.
The Government, will also consent to the consolidation of the National, Mexican International and Interooeanic Kys., and grant an exclusive concession for 20 years from October 31, 1903, to construct a
road In a zone 50 kilometers wide wit'i the Rio Grande River as the
northern boundary, and extending from the Gulf of Mexioo to a point
100 kilometers noithwestof iudad Porflrio Diaz.
Stock - Common stock was $33,350,000. and pref. (now 1st prof.), 4
non cum .•{•32,000.000, all outstanding. In July, 1903. the comp.
mon sto. k was mostly exchanged for new 2d pref. stock (total issue to
lie $22,213,333) and deferred stock (total issue to be $U,11«,666). See
above The lirst preferred has a prior right to 4 p. c, then second preterred 5 p, c; thorj 2d pref. and deferred share pro rata.
Bonus.—The new bonds are reserved a-t follows
Reserved.
Prior lien oonds. Total issue [except to refund, $ for $,
Mexican International RR. prior lien bonds, now
*5.850,000] not to exceed $23,000,000,of which are
reserved for general purposes under proper restrictions but not to be sold before Jan. 1, 1904, except
to meet any unexpected increase In expenses of
changing the gauge and building El Salto extension.
$3,000,000
First consolidated mortgage i percent gold bonds. Total
issue [except to refund, $ for $, Mexioan International RR 1st consols, now $6,983,000] not to exceed
$60,000,000. of which there are reserved:
Reserved to retire new prior lien bonds wnen due
23,000,000
Reserved for improvements and new equipment, at
not exceeding $500,000 a year
6,000,000
Reserved for acquisitions of new property and for extensions at not exceeding $10,000 per mile of standard-gauge line, or $7,500 per mile of narrow-gauge
line, on which the oonsol. mortgage will be a first Hen
9,000,000
The two new issues of bonds are secured bv a first and second
respectively, on
lien,
all the
property of the Company now
owned or provided for under the readjustment and the El Salto extenf'
<
,
sion when constructed, and also upon the securities of the Texas Mexican Rv., and the consul mortgage has «iso a tlrst lieu on $15,786,100
of the $20,708,200 capital stock aud all of the f4 499,000 incomes
of Mexican International. Of the $22,000,000 consols issued, $756,562 were on Jan, 1, 1903. In the treasury.
In June, 1902, an agreement was male to guarantee the $6,9 4,000
Mexioan International consol. 4s, principal and Interest. See that
company's statement also V. 75, p. 77.
Earnings.- 5 months, ; 1903
Gross, $4,682,108; net,'$1.633,330
Jan. 1 to May 31.
Gross, 3,568,029; net, 1,104,361
< 1902
Above figures are in Mexican currency.
Annual Rei'ort.— Fiscal year ends Deo. 31. Report for 1902, with
the balance sheet, etc, wat given in V. 76, p. 749, 761; see also editorial p. 726. Gross and net earnings below are given in Mexican curronoy, the income acoount In U. S currency. For earnings of the
Mexican International (operated separately) see statement of that 00.
,3
;
INCOME ACCOUNT— (0. 8. CURRENCY EXCEPT GROSS EARNINGS.)
1901.
1902.
Tear ending Dec. 31—
Average miles operated
13^3
1,349
Oross earnings (Mexican currency)
$7,724,520
$9,262,860
:;.J14,176
Net earnings (Mexican omrency)
2,923,198
1,329,429
Net earnings (United States our tency)
1,410,198
INCOMi: AClOL'NT 1902.
lhd„rtNet earnings
$1,3 29,429
Taxes
lllteiest. discount hnd
$16,688
Rentals
exchange
1">.6'J7
1,798
1,557,299
Interest on bonds, etc.
383.597 Interest on bonds
Loss on Mex. money assets 119,927
Total
$1,675,707
Total
$32,946
$1,728,653 Surplus for year
l.-nrv I'.
DlUKClciKs. ll.ni v ltiililcniler. Kino Anil I.
or th»lni
Gordon Uacdonald, Carl a. de Oeradoff, \\'m. <;. iinoui. M M. Hevneidn,
Hcnrv W. I'ifi. ill of New York: 1.. F. Lore. Baltimore, Ud.. (Julllermo
do i. sunn y Bsoanrton, Joss de Landa j Hscandon, Bmlllo VelMOo, K. N. Hrown
hihI Curl Smith, all Of Co
u
<•
oiFiiiaiv Prea.,
Raoal; :<\ Vieo-Pres. and Gon. Mgr.. E.N.
Brown; Comptroller, m M Reynolds; Bee. and iast-Trea*., Win. Hurckel;
Treasurer, .1 M. Kra/er. New Yoil; offlee, 80 Pine St.-(V. 77, p. :17.)
Nebraska Kaunas &. Unit K.,-|V. 76, p. 973.)
w
W
|
Ne«quclioHlii(r Valley It It. —Owns from Nesquehonlng Junction,
r'a., toTamenend, Pa., 17 miles; Tunnel Branoh to Uanaford, Pa., l mile.
Leased for 999 years (with B p. c. guaranteed on stock till 1904) to the
Lehigh Coal dt Navigation Co., which under its option has the right to
retire the stock at i»ar and Interest on Sept. 1, 1904
aee item ''Delaware Dlvlalon Canal" In v. 88, p. 1189.
\cvada-< allfornla-Oi ::<>ii Ity. — Kcno, Nov., to Madeline. Cal..
miles; extension proposed to Lake view, Ore 95 miles. The sierra
rr., Plumas to ciairviiie. OaL, is operated Independently,
;
M
v.
<
r
>
.
71. p.
770.
outstanding.
stock,
com
Daring 1901-3
non. 91.450,000; preferred, $7r>o,ooo, all
U
Earnings- 11 mos, 11908-8
July 1 io May 3i.
(1901-2
p. <
bonds were ail exchanged for 5a.
dross, $178,079; net, $79,360
liross,
143,045; net, 55,196
July,
1908. J
RAILROAD STOCKS AND BONDS.
91
92
INVESTORS' SUPPLEMENT.
I
Vol.
LXXVII
•
.
July,
1903.
RAILROAD STOCKS AM)
i
'.ONUS
I
u:t
RAfLP.O\hv
For explanation of column heading's, Ac, see notes!
on first page of table*.
Naugatuck—Srn
Xiw Uavkn
N. Y.
Newbury Dutches$ <t
Sol.
[noome mori rage for $1,625,000
<
N. K. 1st
New
New
OR!
Jersey Junction
1st.
J'
Ntit'Jn-K
New
l-i
M
0O. \
IMTInN.
II
ort.,
,
m
C
1,000
.e«sr
V
II
do
de
j
A.
A
F.
A A
A.
l
PORD.
1,700,000
11)01
1,000
1880
7
.
1,000
250,000
1,500,000
4
A O
<lo
Ju
O. Coup.,ouloe;reg., mallei
n
^
1
,i,t.
Apt.
1
Fab.
1,
1986
o.-t
dtHud. Ul\
i.obo
3,000.000
00
2.600.0O0
3.000.000
1,320,000
t
i',600
i
1901
L881
1.
1931
1,0'M)
.
1.5
1,000
g.
A.
A.
A.
ff.
J.
1,000
Surplus over ohargos. $57,067 In 1903, against -32,034 In 1902.
Beport for peat 1OOI-8
In V. 78, p. 262, snowing, gross, $159,393; net, $55,'«U; Int. on bonds. §24,9to taxes, $5,221; t»»l., sur.,
Pros., D.O. Moran, «H Win. St., pT.T.— (V. 76, p. 282.)
Nrviuia Central
Battle Jim., (Tar., to Au-un H
miles, narrow gauge, stock. $750,000. [nterest on 8717,000 bonds,
wined pan:
ment of $120 per bond, guaranteed by the Nevada Co. of \. J.. Is paid at N. J. Title (iuarantce A
Ml So
City,
[n 1902 oew mortgage was about to be made to secure 81,750.
000 5 p< r cent bonds, the old bonds to be retired. Bee V. 74, p. 879.
Earnings f or 1901-02, gross, $88,470; net 81,284: 00 inter.
by railroad. Pros., Samuel Bamberger. (V. 74, p. 878.)
Newark Nome-met A: Strait*.— Sold to B. A O. See V. 70, p. 702.
Newburjr l>n telteee A Connecticut It It .—Owns from Dutchess
Junction, N7Y., to Mlllerton.N. Y.. 59 nillea. A reorganization In 1*77.
Stock, 1:1
Common, $500,000; pref., $600,000; par $".(). There
were June 30, l9o-_', $ 26,000 coll. trust 5s; $1,184,500 lnoome 6s and
825,000 of 5 p. 0. real estate M. notes. In year ending June 30, 1902,
gross. $171,626; net, $40,971; other Income, 8800; interest, taxes,
etc., $19,791; bal., surplus, 821,867.— (. 88, p. "»«8.)
I'. upland
It It.— New York New Haven A Hart. RR. owns
nearly all or the stock, ami slnee July I, 1808, lias leased the road,
which Includes: Lines owned. Boston to Hopewell unction, N. 7., 816
miles, and branches to Springfield, Mas-... Prorldenoe, 11 1., etc, 1 11
miles. Lines Leased (see each OOmpanj I, Norwich A- Worcester RK., T'J
mfleaj Providence & Springfield RB., 28 m.; Woonsooket A P
miles.
RR.. 9 in.; 01 her lines, 3S miles; trackage, 'J:! mileThrough Norwich «fe W11rn-.I1 r BR. controls Norwich A New imk
Trans. Co.'s steamers, 125 miles.
History.— A reorganization of the New York A- New England (sold
June. 1002,
In foreclosure July 9, 18951 per plan Y. 58, p. 783. In
there had been exchanged or was held by the lessee all except *
of the $20,000, 000 common and $74,200 of the 88.000,000 pref. stock.
Preferreo stock not exchanged receives dividends ol 8 per cent per
annum under 99-year lease.— V. 66, p. 384, 617, 10o2; V. 80, p. 1012.
Bonus.— See guaranty of consols by N. Y. New Haven A- Hartford
RK. V. 61, p. 611; $10,000,000 reserved to retire lsts.— (V. 69, p. 1012.)
jArsoy Junction Kit.— Terminal road through Jersey City.
Hobokeu «ud Weehawken. about 8 mllea, Leased for 100 years from
June 30, 1&96, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Docks Ry.
Jerney A New York
Owns from Erie Junction, N. J..
toGarnervllle, N. Y., 'J9 miles: branches to New City, etc., 5 miles
ates to flaverstraw, etc., 14 miles; total opera'
es.
KrleRR.
In April, 1 806, purchased control.
Stock, f 1 .440.S00 oommon
800 preferred: par, $100. Control Is with preferred stock and first
morttrage till »; per cent has been paid on preferred for three years.
wh
UK.-
.
'.
New
.1
i
I
do
New
RR.—
do
A
!
-J
g. J.
A.
5
5
1,726,000
A.
A.
g.
A J
A O
A O.
A O.
1951
1,
1.
co.
p,
1.
Pa
Jan
1989
1088
1953
Oot.l,'02,m*
1,
Julv
July
l.
1.
July
Old Col. Tr. Co., Boston.
1951
1915
l'Ul
Jan.
earned) on Deo.
J
Pittsburg,
44
1928
1.
•
:
g. (If
p. 0.
A
J.
1,
July
>o\.
1
.
Wftller, Boh
J.
g.
1947
Apr.
Jan.
do
ilo
>o,000
LOCO
1910
1.
\
Y Colonial
N.
,f.
.
1, 400,000
See text.
N. Y..N.
J. AA. A
g
4
100
100
1885
A
A
g.
>
1,000
....
1
th
3.500.00O
100
1895
1902
I
6
July, 1903, 2*«
1.
»«•
5,200.000
1009
1
B
5
!
Ion. OtBoa.
g,
1,000
1,000
.
Colonial
A5
1,79.
<
New
g.
I
$250,000 Col.
121
northern Btock
Consolidated M., now l si m. ($688,000
L21
,.l
N. Me*. Ry. J- 0oa(— 1*1 A- con. it- col. ir
165
Collat. trust, ki 1<1 ($3,000.0001 red. at 108 \
Alain, a Hue. Ml
36
M., $900,000, g., guar
N
El Paso* Rock L. 1st M..$2.5oo,ooo,g..gu.«
Dawnun By. A CoaL Coll. ir., g.. JU. i>. .t LCol.e' 130
195
New Orleans <£ North Pattern— Prior lien M., c < .
0*
1st mortgage, gold F
l MS
General mortgage, $8,000,000, gold.!*.
Income in ort. (non-eum.), $ 1,500,000, gold. 1*.. r 188
New ori Term,
....
M $15,000,000, g. gu.t< \t s
it
Newport J C,),r,n. Bridge.— Stock, $l,5oi »,000
1st M., $1,500,000, g..s. f. gu. p. A- Lend by Pa.F Coio*
Newt'mt.Xi.rtftir.
....
>00 g.,red.text«»B
1st Id
/*.
Hrooklyu a! Manhal. Booth— Common stock..
"20
Preferred stock, non cumulative
20
1st con. M. (now 1st M.) gold, guar, ny L. I.Ce.o*
l
.1
1
5
1.50<
ml
1,000
5
oo.oir
KB
7
l.Diiiimi
1
-Last
1.164
4,000,000
1,000
UHK N
B«
M., goal
Bail
siix-kt
24S
1,000
1,000
1,000
It
,
Term
by
.to it
WllOlli.
500 At
59
trust b
do
1 hI inort
cur.
lstcons.M., $17,500,000. g..gu.,p A I.. end. M
'
Whei
.1
M, cur
I)o
NY
When
per
'•'"'•
.
.
Sew England RR.—V. Y.A
NEW
,,•.„, „ i,„
()utMnl" l,!
$50
1904
l,
'
>.'
'
HABTTOao.
A-
Ne*qn
—Stook suid. to oall Sep.
WoiaAarOalif. -Oregon. Istl
Nevada Ventral 1st M
Don cum., in.
,
of
Par
Bonds Value.
of
1.
Oct.
19-15
1932
1,
Checks mailed.
Apr. 03,2>«%
N.Y.,CorblnBank'gCo. Oct. 1. 1935
,
Of the first and consolidated and collateral trust T.s of 1901. $3,OO0.00c are reaerved to retire the ooUataral trust r>sof 1897 and 82,000.000
are applleable for Improvements and new equipment. V. 74, p. 776.
Tin bonds of the ilamogordo a Baoramento kPfn Ry., 01 the El
ars
Boot toland and those of the DaWSOD
»
guaranteed.
ending Dec. :n, 1802, gross,
,
I
I
S
.
Ui,6.v>; interest,
$249,150;
I
Report for year ending June 30, 1001, In V. 74, p. 827.
(!- William St.
(V. 70, p. 158
New Orleans, La., to
New OrleaiiH A. Nortli KuMtern
Meridian, Miss., 190 miles; 25 are 60 and 171 are 75-lb. st<i<l rails
Stock $6,000,000 (par, $100), of which $5,320,000 and $4,900,000 gen.
4»«s and $1,500,000 Incomes were held In June, 1903, by Ala. bTl
09.
N. V. oltice,
)
RR.—
HI
A
Pai-
.1
By.
line.
Reorganised In 1902 per plan In Y. 71. p. 681. Of the gen. 4 i^s.
irere$4,900,000 were Issued In exchange for i-t
;'.2o,ooo for
served to retire the remaining i>rior Hen bond
future requirements. Car trusts April 1, 1903. 8! L081
l.u;sis.,s
I'or
1 1- mouths ending June
-0,530,
against $1,939,732 In 1901-2. Report tor 1801-08, V. 78,
Other mr. Int.. rlr.
l'r. end. June30.
Gross.
Xel.
Balance.
1901-02
$2,030,262 $532,0
1000-01
I.W29.812
391,200
90,547
475,888
5,864
— (V. 74. p. 268, 681; Y. 75, p. 185,290. 904.)
\<-\\ OrlcuimA \<irlliwi«(irn Hit.— Owns from Vidai
northwesterly to Arkansas State line, 115 miles. Stock, 81,499,100,
~'\
lulred bv st. Louis iron Mtn.A Bo. (Mo. Pao. system),
v,
1
1
1400.
\ e »v OrleaiiH
p.
-
I
Terminal Co.— Owns extensive terminal
property
Orleans and a bell railroad around the oity, to be ueea by the
.mis a San l'ranclsco and Southern By. Formerly the New Or
leans A -an !•'! ancisco, but name changed, the company acquiring all
the terminals and rights owned bj Southern Bailway and St, Louis a
San l'ranclsco Interests In New Orleans and the property of thl
Orleans Belt A- Terminal Co. .Stock. 85,000.000; par of Shares
The bonds, $8,500,000, Oral Issue (see table above, will be Rtiai
(the new
j nitly by the Chloago St. Louis Memphis A New Orleans Bj
Prtsoo oompany forming in Jury, 1908, to operate theChli
Louis through line) and the Southern Ry., or possibly one of its subsidiary oompanles — (V. 77, p. 37.)
Newport
Cincinnati llrlil^e Co.— Owns bridge from Newport, K v., to Cincinnati. ()
LoulSTllle A Nash, is under contract to ihc
bridge; annual rental. $115,000.
Peon. Co. owns $1,340,000 stock
Dot, 1899, 1 Hi p 0.; 1000 to 1902, both InnL, 8p.
raoe. -For year 1902 gross, $154,710; net. $lo7.173
mteresa,
1.859; dD ldrnds. $4i,000; bal., det, ($1,685. -<V. 68, p. 1159.)
Newlon A- \orth\ve«lerii It It .—Projected from New ion BO
104 miles; In operation, Oowrle te Praser, la., 21
mllea. in July, lOOS^extenslons fromGowrle toBookwell City, 18
mile-., ami Fraser to Boone. 7 miles, were under construction, and
St.
1
1
A
;
.
Earnings
Year
685,548; Interest,
ending
June
30,
190'_\
groat
5;
$61,647; balance. 828,901. (V.
Terminal Ry.— Y. 76, p- 865, 1111.
etc.,
New Jereey
>e\*- London Northern mi.-Ov as from New
Braltlehoro, \'t., 121 miles, and leases Hrattlchoro
Brattleboro to South Londonderry, Yt., 37 in
;
"'.
P-
net,
S22.)
A-
Whiteh..
99 years from Dec 1. 1-.11, to Central Vermont. The
rental is $.: 13,552 per annum which leaves a small surplus aft<
vldlng for inter., etc., and 9 per cent dividends. Taxes mid inipiovcuiet by lessee, without claim on New London Northern
lata
snltto break Brattleboro & Whitehall RR lease, tec \'. 76, p 1301.
DiviiiKNDS.— 1888 to Apr.. 1802, 7% yearly, then 8% yearly
and since to Apr., 1903 (lnclu.), 2»4 p. c. quar (9 p. an )— V 76, p. 1801.
New ITIexIco Ry. A Con].— (N-v Map). OWl
Vnrtheastem By., from BJ Paso, Texas, northeast 1(14 miles; to thi
Coal fields; controls and operates F.l l'aso A- Ko.k Island Ry„ Carrlaosa
to Santa Rosa, 130 miles, completed Feb. 1, 1902; Alamogordo aBacramentoMt. Ry.. Alamogordo, N. M to Russia, 32m Dawson Rv.A
Coal Co., Liberty, N. M., to Dawson, 135 miles, completed in ltf03;
Li \ski> for
•
I
.
was proposed. Successor in 1902 t<>
in- from Boone to New ton, 57 m
.1 outBoone Rockwell City A- Northwestern By. Stock. |
Bonds are subject to cail on any Interest day at 110 and
V. 75, p 704. President, Hamilton Browne, Kiaser, la.; SecInterest.
(
London. Oonn., to
:
61 n>.
In Feb., 1902, the El Paso A Rock Island By., with 82,500,000 stock.
which 60 per cent owned by the N. M. Ry, A Coal and Of
per cent guaranteed 50-year bond", completed the road from Carri/osa,
N. M.. to Santa Bosa. 130 miles, at a connection with ai
of the chic. Hock [aland a Pao., with which aoloaetraffli
has been made for 9 .9 \ ears. Y. 71. o 1210.
In 1903 the Dawson Railway A
with $3.("
was completed from Ltbertv, X. M, north to Daw, on
miles, its collateral trust bonds being guaranteed principal and inand being seoured by the sto- k and bonds
of the Dawson Ry. and those of the Dawson Fuel Co. $1.' 00.000 each)
the latter owning about 25,000 acres of ooal, mineral and timber lauds.
V. 73. p. 900; V. 74, p 7
Stock —stoi'k, common, *3,000.000, all outstanding; 1st 8 p. c
cum. pref., 82,000,000, authorised Jan., 1903, ol which $500,000 Issued; 2d pre:.. 5 p. c. non-cum., u>l.0oO,000.
The coli. trust 5B of 1897 are secured by deposit of all the stock and
bonds of El Paso A Northeastern Rv. of New Hex. ($2,700,000 Of each),
the stock of the El Paso a- N. B. RK. of C
no bonds Issued), and all the stook ($2,500,000) and all the boi
00O) of
the New Mexico Fuel Co. the latter covering 3,500 acres of coal lands.
retary. William A. Kelley.- (V, 75,
79
p.
1.)
N.\v aTark Brooklyn A Manliattan lt.a< li Ry.—Owns from
-!i Pond Junction to Manhattan Beach (Coney Island), and branches
.y Ridge aud Greenpolnt, 20 miles, of which 16 mile-, double track.
Lkase, Etc.— A consolidation August 27, 1885. Leased for 99 years
from May 1. 1882, to the lxmg Island BJB
.t 35 per cent of gross
earnings. Rental guaranteed to be at least 5 per cent on pref. stock.
-.— The L. I RR. has attached to the bond-, its unconditional
01 1\ of prin. and int. in addition
ease. — iY. 73, p. 32
Ne*i VorU A Hrooklyn Tunnel RR.—Y. 7o. p
I
t
New York A Canada
It It.
(
— Whitehall.
N. Y., to Rouse's Point.
Y, 113 miles; branches, 38 miles, stock, $4,000,000, par $100.
Lease. Etc.— Leased for long term by The Delaware A Hudson Co
N.
which guarantees the bonds, and has $3,768,642 invested
See debenture guaranty. Y. 64. p. 181.
.
In the prop
erty.
yet.
Orott.
Tear tof 1801-8
June 80. \ 1800-1
—
81,184,761
Oharget.
ir.
-
Balance
$147,910
I.l-i3.l33
421,750
281,109 but. 140,641
lY. 73. p. 337; Y. 74. p. 10SS; Y. 75, p 842, 1147.)
N
York Canadian Pacific It) .—•-,, Y. 75, p. 30. 394.
w
New York
.
I
,
standing.
History,
Central ATItidmou River
A-r.
RR.—{Boo Map.)—
—Control of the Lake shore and IClohhrao Central roads
lulred In 1898, as stated below. Their earnings ar
s. parately. but the dividends on thetrshare* held by
eluded in the item " other Inoome," offset by a like amount of 11
on the collateral bonds Issued for their purchase, v. 71 p
lirol of the Lake F.ne
Western was acquire
In Jai
1
.
.fc
large Interest in the Clove. Cm. Chic. A St. 1.0
Yamierbilt interest in the latter to an absolute majority.
a
.
Na-liua
Lowell
RR.—Owns
The
(
double track road from Ixjwell,
to Nashua, N. H., 15 miles.
On Oct. 1, 1880, leased for 99 years
to Boston A Lowell. In 1887 lease was transferred to Boston A Maine,
which pays a rental of $73,000 (9 per oent on stock).
A-
A
94
INVESTORS' SUPPLEMENT.
Blind c
6
[Vol. LXXVII.
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COAL COMPANY.
PROPERT]
4
Q
nu
fZ. P/950 £ NORTHEASTERN
EL PASO & ROCK ISLAND RY.
CO>«i t//VDS SHADED..-
HMa
-
July.
UAJLBOAD 8TOCK8 AND BOND&
1903.)
railroads.
For explanation of column headings, Ac, tee notes
on first page of tables.
JT.
Y.
dt
Canada— 1st
M., sterling, gn. D.
A H.l/n.C
Debentures, g., guar. p. A 1. end. Del. A H. c
Central .t Hudson River— Stock. 'I r.
Debtoertlfs.. (N.Y. Central), gold, $6.450,OO0.oAr
Debentures, 1884, *10.0O0,000 Ail eq'ly f .. o*r
Debentures, 1889, SI, 000,000. ( secured J
r
Debent's, g., s. f., $13,194,000. fbymort
o'Ar
Refund. M., $100,000,000, g.Ce of 1*07. o'ir.
Obllat. trust, g. ($100,000,000) L. Hh. stk.«.
($'21, 550,000) Mich. Cent. atk..G
do
do
Debentures Issued under B. A A. lease
M.Y.OhicagodtSt. Louis- Common stock
2d preferred (5 per oent, non cumulative)
1st preferred ("> per oent non cumulative)
1st M., gold, slnkinc fund not drawn
Ce.o'AT
Equlp.tr. "B" g. $23,000 due yrly Feb.l5.,«
Equipment notes, 120,000 due semi-annually...
M M D
Zt*
151
Mew York
1
919
.
X. <t
F. e%
Oreemo.L.— Prior
lien
Harlem Common,
1
1
,
do
do
.
\
.
Central
523
523
523
505
1
53
145
145
136
214
214
214
214
38
38
1.000
1,000
1891
1891
vm
:
I
fj
«!
1902 (319 miles 4-tracked) 11,134
Stock.— Dividends on stock registered In London are payable In gold
at 49"«d to dollar. As to new Issues, see " General Finances" below.
DIVIDENDS since
1891. Per oent.
5
'92. '93. '94.
iSH
5
5
'95. '96-98. '99. '00*02.
4>4
4 yrly.
4
5yly.
1903.
Inol.Jnly.3-Tj
HOT
Bonds.— Description of debentures waa on page 3 of Suppi.i
of April, 1895. They are all secured by the refunding mortgage of
1897 equally with the 3»«a. Ref. mortgage Is for $100,000,000, of
which $70,377,333 reserved to retire all existing bonds at or before maturity and $14,622,667 for premiums; the remainder ($15,000,000)
Is reserved for new construction after 1903.
In 1903 3^b of 1897
had been Issued to retire about $56,000,000 of old bonda.
Collateral trust 3^8 of 1898 are secured respectively by deposit In
trust with the Guaranty Trust Co., mortgage truatee, of stock of the
Lake Shore A Michigan Southern ami Michigan Central RRs. at the
rate of $100 of L. S. A- M. S. stock for each $200 of bonda and $100
of Mich. Cent, stock for eai It $115 of bonds outstanding. The total
authorized Issues of 3Vs are $100,000,000 for Lake Shore and $21,550,000 for Michigan Central. The loans are aeoured by aeparate
fleeda of truet. See V. 66, p. 288, 336, 760, 811.
The N. Y. Cent, iasued In 1900 $5,500,000 of 100-year 3 1* per
eent debentures for certain propeity not Included In the Boston A Albany lease. See V. 69, p. 1102; V. 71, p. 502, 964.
Goarantikb. The company guarantees the securities of Its leased
lines to a considerable aggregate see separate statement for each 00mpany marked with a II In the table of mileage preceding. It also guarantees Western Transit Co. 4JUB for $1,000,000 due February, 1903.
General finances.— The refunding of the $70,377,000 of old hlghlnterest-bearlng bonds Into the 3*«8 of 1897 during the years 1898 to
1905 will eftect a very large annual saving in Interest charges; to
Jan., 1903, about $56,000,000 old bonds had thus been retired; annual
saving In luterest charges by refunding to Jan., 1903, abou, $1,325,
000. V. 75, p. 1148; V. 76. p. 159.
In July, 1901, the company had acquired #45,289,200 of the capital
stock of the Lake Shore road In exchange for3 Wj p.o. bonda (see above),
leaving $4,177,300 afloat, including $533,500 guaranteed 10 percent
dividends (see V. 66, p. 288, 336, 1238), ana also $16,814,300 of Mich.
Central stock, leaving $1 ,883.600 still outstanding.
In April, 1000, $15,000,000 stock «vaa issued at par to provide new
rolling stock, and on Apr. 16, 1903, the stockholders voted to lnorease
the stock from $115,000,000 to $150,000,000, $16,912,000 of the new
stock being subscribed for by stockholders pro rata at $125 per
share. V. 74, p 151. A portion of the proceeds will be used for the
substitution of electricity for steam on New York suburban division
and New York terminal improvements, estimated to cost $20,000,000,
to be complete al> >ut lOOrf. (V. 74, p. 151, 776; V. 75, p. 240, 290,
550, 1203, 1254; V. 76, p. 266. 331, 1083. 1408.)
In 1902 control or virtual control of the Reading Co. was acquired
by the Ba timore A Ohio (Pennsylvania interests), who later agreed to
share the same with the Vanderbllt Interests, the purchase by the latter be lug made through the Lake Shore A Michigan Southern. V. 76,
p. 101.
Average train load for entire system. Including company's freight,
was 387 tons in 1901-02. against 392 tons in 1900-01.
Annual Report.— Fiscal year ends June 30. Report for 1901-02 was
see also editorial p. 701.
given at length In V. 75, p. 727, 737.
Advance statement for 1002 03 was in V. 76. p. 1352. Of the freight
(35,599,689 tons) carried In 1901-02, about 33 p. 0. was coal and coke.
—
1
May
May
I
,
<
.
A
A
5g. M.
102,000
1,553,000
M.
is
given
In
8.
8.
May
1,
.
tirst
Years end. June 30.
Miles June 30
do
left
(
'-$77,538,100,
>
)
Total groaa earnings
877,538.100
$2 4,157,300
5.222 &00
.
Set earnings
Other Income
Vet tnoome
*29,37tf,«00
O e.t ue t-tientalB paid
(
)
Interest on debt
Vaxes on earn. A stock... ^$20,365,600
Taxes on real estate
1
|
s. Int. Rev. tax
J
300,000
Brved for deb'tures...
Dividends.
(5)6,604,200
Special Implement fund
l\
Balance from operafn
President,
WbL
It
:,
July
03,3%
Mch.
{
1
I.
$2,109,800
...
2. 03,
5%
10J7
Yearly to 1911
'.
.
31/10
1946
'03.5%
1, '03,5%
May 1, 2000
1.
1932
]
July
July
.
1,
July, '03, 1 "4%
Jan. 1, 1921
Aug
Bk
1,
May
1,
1928
1928
Sept. 1, 1941
Sept
1902.
3,320
$40,»>59,779
1941
1,
100
1901.
3,323
$39.5."i0,399
23,807.085
6,487.004
870.903,868
|24,040.379
_ 4.876.028
828.916.4o2
$9,17
7,780
9H0,os7
2,595,728
68,648
300,000
80,868,867
VUti.355
*tft>,333,lll
4.5:;'
1
7,767,548
853,231
2,330,094
68,514
300,000
(5)5,750,000
1,500.000
8492,183
(6)6,961,411
1,760,000
.
$305,307
Newman; Chairman, Chaunoey
ROSStter. Directors (April.
urer. K. L,
2000
1,
1,
hand column.
-
*all, express, etc
1,
1,
July
1
do
1903.
earnings
--learnings
••Telght
1005
1904
1904
1905
1997
1998
1,
Kept
B«p1
1
N. Y., Liberty Nat,
1904
1904
1,
1,
Julyl5,'03.1««
'•'
A Hudson Klver UK.— Concluded.
1,
Due.
Stoeks- 1 jmh
Dividend.
horn.
\N
*
has since transferred Its holdings In these companies to the Lake Shore,
which see. In 1000. also, an understanding was reached between the
Vanderblll and the Pennsylvania Interests, by which the hitter bo
came Jointly Interested In Ches. A Ohio Ry. V. 70, p. 76, 125, 1040.
Holdings of Vanderbllt estate. V. 71, p. 1221.
The Boston A Albany RR.,393 miles, giving a through line to Boston,
taken over under lease Nov 10, 1900, Its operations being lnoluded In earnings of system from July 1, 1900. See that company.
Mileage.— The company's system oonslata of the following
Mile*.
Operated under contract.—
Lines ow neU.
New York to Buffalo
441 Terminal Ry. of Buffalo ...IT
11
.-tern
13
Branches
369 Pittsburg d
Other
3
Lines leased. fl See this co.
108
West Shore
479 Trackage
J
«*
Total In earnings
Troy A Ureenbush
6
3.378
Oontrnllx! Om rated separately.
Bpuyten Duyvll A Pt. M...H
6
New York A Hitrlem
137 Lake Shore A Mich So
11.111
H
Mew Jersey Junction
5 Michl iran Central
II
jt 1,653
Rome Watertown A Og
624 N. \" Chic. A St. Louis RR..H 523
IT
Mohawk A Miilone
182 Lake Erie A Western
725
'I
fl
Carthage A Adirondack
46 Northern Ohio
162
H
U
Gouvorneur A Oswegatehlell
13 "Big Four" System
112,235
New York A Putnam
59 Indiana Illinois A Iowa....*J 252
Boston a Albany
393 Cincinnati Northern
208
....fl
Fall Brook Rj .etc
H 231 Detroit Tol. 4 Milwaukee..! 155
Beech Creek 'KR
IT
160 Dunkirk All. V. A I'itta....fl
91
Beech Creek Kxten. RR ...If
59 PlttS, a Lake Erie s\ stem..! 185
Wallklll Valley
33 St. Lawrence A Adirondack!
56
Total owned and controlled July
Payable
London, Baring Bros.
6 g.
1874 JlOOAo 14.000,000
1. OO0.000
4>4 g. M. A N.
1,000
1896
5 In 1902 <i
100 132. 2:.
-2.SOO
N. Y.,Gr.
1853 500 to,
* 8- "
7,<
do
do
1HS4 1,000*0
do
i^:t l.OOOAo
do
do
4 g. J. A D.
dO
1890 L.OOOAc
(III
II
3»* g. J. A J.
do
do
1897 l.OOOAo
do
1SSIS L ,0006c »o,5'
dO
3»ng. F. A A.
do
do
1898 l,000to 19,336,448
3»«g J. A J.
moo
5,50
do
do
1-1, 000,000
100
100
11,000,000 3 In 1903 March. N. Y.Or. Cent. Station.
100
do
do
5,000,000 5 in u>03 March.
1,000
4 g.
Union Trust Oo.
1887
19, 125,000
n Y
5
til Trust Co.
1896
1,000
99,000
4»*
J. A D. N. Y., Nat. Cits Hank.
1900 20,000
lOOAo
5 g.
1896
rtlandl Bt
" 8ee text See text V \ .dr. Cent. Station.
50
do
50
dO
1,343,950 See text Bee text
314 g. M. A N.
do
1897 LOOOto 12,000,000
do
4.500.000
1,000
5 g. F. A A. N. Y., (iuarnuty Tr. Co.
1902
100
10,000.000
5
Q.-J. N. Y., by Del. Lack. v w
do
1.0OO
do
12,000.000
J. A J.
1880
6
1SS3
F. A A.
do
1,000
5,000,000
5
do
M. A N.
1.0O0
do
1890
4
do
5.000,000
As reported July, 1903: the amount out standi ng when refu ndlng began
New York
Cent
Payable, and by
,1
I
M..gu. p. Al...N.gX0*
p. c. 10% guar
Preferred stock, 14 percent. 10% guar
Refunding M. (now 1st), §12.
<ic.tr
1,000, g
M. T. <ejersey-i st M., $7,000,000, red. at 110 G.o*
tf. Y. Lackawanna it Western—Stock, guar. 5 p. ot.
1st mortgage, guar. by Del. Lack. A West
F.o'
Oonstr. mort >niar. DJ Del Luck. A West.F...o*
3d M. Term. Imp. (for $5, 000, 000), gu. p. A 1... F.
Mew York Ink- Brie <* Western— See Krik RR.
M. T. <* L. Hr.-Qmi M. (now 1st)
*<> * 2 500 0O°. K-0"
Jf.
VamV
pal, When
When Where
l>er'
(
i
if.
amount
pV" Outstanding
I
)
I
Hondi -Pnnel
81
}}f
Ro"ad. Bo°nds
»a
'):
W. K.
M
Depew; TreasW.
Vanderlillt. F.
Vanderbllt, Obannoey M. Depew, Samuel F. Barker, .1. Plerpont Morgan, William Rockefeller. Hamilton McK. Pwombly, Wllllaa H. Newman. Charles C. Clarke, D. O. Mills, William Bliss, Ceorge S. Bowdoin
and Edward V. W. Rosslter.— (V. 76, p. 1408; V. 77, p. 89.)
York OUeagO St. LoiiIm Kit.— (8ee Xap of Neva York Central d Hudson River.)—Owns from Buffalo, N. Y., to nilnols State Line,
except 8 miles leased between Dunkirk and Silver Creek, leaving 494
miles leases the proprietary line, Chicago A State Line RR.. III., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek,
8 miles; total. 512 miles; trackage In Buffalo, N. Y., 1 ^ mllea, and
Grand Crossing Chicago, 111. (Lake Shore RR.), 9 miles.
Histort.— "Nlokel Plate" road, foreclosed and reorganixed in 1887.
New
A
;
Stock.— Lake Shore A Michigan Southern owns $6,240,000
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
Dividbnds.—
Mar.
)
'92. '93. '94. '95. '96.
53%
4
5%02%0
5
'03-
55
5
Div. on 2d pref., 2 p. 0. in 1901; in 1902 and 1903, 3 p. 0. eaoh.
Bonds.— A sinking fund of $100,000 per year Is provided when net
earnings are $900,000 or upwards, If bonds oan be Dought at or below
102; If not, the sinking fund lapses for that year, thua 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.
See abstract of mortgage, V. 45, p. 541.
Latest Earnings.— For 3 mos. ending Mar. 31:
3 mo*.
Grots.
ffet.
Other ine Int tax. etc. JSal lur.
1903. ...$2,145,812
$492,826
88,157
$325,432
$175,551
1002.... 1,754,615
313,985
136,182
444,387
5,780
\ssi al Report.— Report for 1902, V. 76, p. 1027.
Principally a
freight line, freight In 1902 contributing $5,701,033 out of $7.1 3«,899.
1900.
Year ending Dee. 31—
1902.
1901.
Gross earnings
87.138.899 $7,485,484 $7,023,359
Op. rating expenses
5.034.253
5.211.626
5.293.678
Net earnings
82, 104.0 >5 *2,273.S58 $1,720. 6nl
26,721
Other Income
40,125
32.291
Net, Including other income
$2,144,770 82.306,140 *1.75«.«02
1st
i>f.
tn
3
common
'97. '98. '90. '00. '01. '02
,
,
Additions and betterments
585.000
756.000
398.587
777,000
777,000
777,000
104,092
185,649
154,217
Dividend on 1st pref.*
(5)250,000 (5)250,000 (5)250.000
Dividend on 2d pref.*
(3)330.000 (3)330,000 (2)220.000
Balance, surplus
86.723
$17,121
$38,927
* Note.— Dividends from earnings of year given are
paid In March
Interest on
bonds
Equipment truat charges
of following year.
Pres.,
Wm
H. Can'niff.— (V. 76.
p.
1085, 1316.)
New York Connecting RH — V. 74, p. 830; V. 76, p. 382, 1356.
New York A (ireonwood Lake Rr .—< Se*. Map of Erie RR.)—
Owns from
Jersey City, N. J., to (ireenwood Lake, 39 miles, and
branohea to Rlngwood, etc., 8 miles; Watchung Ry., Forest Hill to
Orange, N. J., 4 in.; total owned, 51 m. Stock, $100,000; par, $50.
on May 1, 1896, was leased to the EiieRR. for999years from
May 1, 1896. Prior Uen bonds are guaranteed, principal and Interest,
by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
New York 4c Harlem lilt.—Owns New York City to Chatham
N. Y., 136 miles (four-tracked 7 mllea north of Harlem River). Alas
owns Fourth Ave. street railroad.
Lease.— The property (except the horse railroad) was leased April 1,
1873, for 401 years, to the N. Y. Cent. A Hudson River RR. for Interest
on bonds and dividends at rate of 8 p. 0. yearly, Mnce increased to 10
v. 70, p. 740. 1049, V. 71, p. 20,
p. 0. through refunding of bonds,
1220. Tbe street railway was leased in July, 1896, to Metropolitan
Street Ry. Co. for 999 years at $350,000 yearly (3»«p. 0. on stock) for
5 years and $400,000 (4 p. c.) thereafter. V. 62, p. 1088.
regular annual dividends
Guaranteed by N. Y. Central
1002.
10% (Jan. 5%, July 5%)
From Metropolitan Street Ry. rental...
4% (April 2%, Oct. 2%)
AlsolnOot., 1899, a aurplus distribution of 25 p. c— (V. 76, p. 1144.)
w«
INTESTORS'
SUPPLEMENT.
(Vol.
].
XXVII.
1
July,
—
.
RAILROAD STOCKS AND BONDS.
1903.
RAILROADS.
97
-1'
OK DIVIDENDS.
—
Amount
Miles Date Size, or
Outstanding Rate per * hen Where Payable, and by
Par
of
of
For explanation of column headings, Ac, see notes
Pa/able
Cent.
Whom.
on first page of tablet*.
Road. Bonds Value.
$
i
Jfew York Note Haven «t Hart.—Stock. Bee text
Debentures, mostly exchanged for stock 1903 o*
Deben. ($5,000,000 each), our., non-convert. .oAr
N. Y. Prov. A 1508., gen. M. (now lst).g.,ass*dcAr
Shore Line 1st M., N. Hav. to N.London, assumed
Housatonlo old consolidated mort. (assumed)...;
New oonsol. M. ($3,000,000) g. (assumed) F.o'l
$100
1893 100 Ac.
'97'01
M.,
g., ass'd, call aft.
Bonds of Proprietary,
etc.,
1,000
1892
18M0 1,000 A-c
1**0 500 Ac.
1,000
1887
1899 500 Ac.
51
3V»
1,000
1880
1877
1,000
1880
100
1883
1,000
1873
1.000
1881
1883 l.OOOAo
1902
1,000
1888
1,000
1879
1,000
1881
1S80
1,000
1.000
1891
500,000
25,000
500,000
150,000
2,000,000
1,000,000
150,000
1,000
1897
1880
1892 l.OOOAc
1,000
1899
1,000
1900
1,000
1902
1902
1,000
1,500,000
250.000
16.937.000
2.050,000
3,125,000
363,000
359,000
585,000
1,728,000
1904..
36
36
12
12
55
,
Debentures
Derby, oonsol. mort. (Nov. lst)..o*
N.H.ANo.,oon.s. f. $15,000 p. jT.,notdrn.Un.o*
o*
Northern Extension bonds
New Haven A
13
98
28
Deb'tures ext. In '96, non-oonv.,V. 62, p. 548.0*
10
Holyoke & W., leased, mtge. $200,000, guar..o*
Old Colony— Bee those oos.
51
Providence <fc Worcester 1st mortgage, currency
7
Nan. B'ch, 1st M. ($240,000 own. N.Y.N. H. A U.)
N.T.O.dt W — Kef. (1st) M. $20,000,000, g.JIe.o'Ar Text.
Qold notes, seo. by 1st M. on Boranton Coal Co.
Do g., seo. by 1st. M. on Elk H. 0. A I., due s-a.o*
Oar. trusts, *37,000 payable semi-annually. lUa.
Car trusts, $40,000, payable semi-annually
128
JT. T. <t Ottawa RR — Receivers' oertlf., $585,000..
Irlo.x.o'Ar
128
1st M., $3,500,000
(1)
575,000
1,200,000
700,000
700,000
200,000
New England and
Jersey
RK.—Owns
1
'
H >o
1897
1 ,00060
two partially constructed tun
Hudson River, between New York City (Manhattan
Borough) and Jersey City, about 4,000 feet of the north tunnel having
been completed and 1,580 remaining to ho built; of the south tunnel
600 feet lias been constructed. Terminals In New York will bo In the
neighborhood of (Mni-toplicr iiml Ilud-on streets. To be operated by
electricity. The North Jersey and Jersey City Hoboken A Paterson
nels under the
when completed. The entire tunnel
Franchise,
expected to be completed In 1904. V. 76, p. 436.
oharges to be readjusted every 25 years. Bee V. 75, p. 77, 1354. The
Hudson & Manhattan RK which proposes to build a tunnel from
Jersey City to Cortlandt St., Manhattan, Is controlled by Irlendly InStreet Rys. will use the tunnel
Is
,
terest*.
V. 76,
p.
705. 184
'
Incorporated In New York on Feb. 11, 1902. as successor of the Hud
•on Tunnel Kw, sold In foreclosure per plan V. 73, p. 1313 (see also V.
70, p. 996 and 1149).— V. 74, p. 380. Stock, all Issued, $8,500,000, of
which $3,500. 000 Is 6 per cent non-oumulatlye preferred; par of
hares, $100. of the *7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 330, 577.
Officers.— President. Wm. G. McAdoo; Vice-Presidents, Walter O.
Oakman and Edmund C. Converse; Secretary, ('has. W. King; Treasurer,
Henry
A.
Murray; directors, V. 74, p. 577; V. 76, p. 436.
New York.— (V. 76, p. 436, 705, 1249 )
Of-
15 Wall Street.
floe,
New York Lackawanna A Western Rr.—Blnghamton to Buf-
and Internat'l Bridge and branches, 214 miles, of whloh the main
213 miles, Is double track; Delaware L. A W. has a lease for duration of charter from October, 1882, giving a guaranty of the bonds and
5 per cent yearly on the stock, bonds and stock being endorsed. Seefonn
of guaranty of terminal bonds In V. 67, p. 1357 see also V. 68, p. 283.
falo
line,
;
New York Lake Erie A Western It It .— 3ee Erie RR. Co.
New York New Haven A Hartford lilt.—Covers Southern
New England and the only direct routes between New York and Boston
.Miles.
*Anea Owned in Fee—
Junction near N. Y. City to
122
BpringHeld, Mass
Lines to Provldenoe, Plttsfleld,
Miles.
Leaned (part Owned.)
(whloh see)
536
Old Colony RR. (which see). .616
Lines Leased
316 Provldenoe A Worcester
48
Litchfield, etc
Other lines
58
Leased and Controlled—
268 Trackage to N. Y. Olty, etc. ... 30
Lines to Turner's Falls, eto
43
Other Hues
Total oper. July, 1902(88 miles has four and 667 two tracks).. 2,037
Controls Fall River, Prov. A Bton., New Haven, New London & Nor.
wloh and Bridgeport 88. lines. V. 70, p. 842 V. 71, p. 643 V. 73, p.
721 V. 76, p. 480. European connections see V. 75, p 794, 981.
History.— A consolidation In 1872 of the New York A New Haven
and the Hartford A New Haven. In years 1892 and 1893 acquired
control of several companies whose bonds are given In table above.
The Housatonlo, Shore Line, N. Y. Prov. A Boston and the Shepaug
Lltchtleld A Northern have been absorbed by consolidation. \ 69,
p. 742. Bee also Old Colony. Four-tracking, etc., at Bridgeport, Conn.,
to oost perhaps $3,000,000, was far advanced In 1903. V.69, p. 955;
V. 71, p. 644; V. 73, p. 138; V. 75, p. 729.
Slectric Railways.— Controls Stamford 8t. Ry., Merlden Electric Ry.,
electric railway between Hartford and New Britain, 10 m., 14 miles
between Provldenoe and Bristol, eto. V. 67, p. 732; V. 69, p, 742;
V. 71, p. 644; V. 72, p. 137; Wor. 6 Conn. Bast. Ry., V. 75, p. 1203.
Capital Btock.—Stock authorized. $100,000,000. Of this amount
$54,635,400 was outstanding nod $16,211,900 was exobanged, $ for $,
NewEng. RR.
—
—
;
;
;
.
for convertible debentures.
Stockholders subscribed to $7,039,700 new stock at $175 par •have,
about 66 per cent being paid for In full and the balanoe being payable
$50 on June 1, 1903: $40 on Aug. 1,1903; $40 on Nov. 2, 1903, and
$45 on Jan. 2, 1904 (any Instalment may be anticipated), the proceeds
to be used to pay for maturing bonds, new equipment, rolling -tock
and floating debt. This will increase the outstanding stock to $77,987,030.
V. 76, p. 865, 1301.
Dividends.—
1873-1893.
1894.
1895 to Sept., '03, (lncl.)
10 yearly.
9
8 (2 per oent quar.)
Bonds.— The convertible debentures of 1893 for $16,397,200 were
mostly exchanged In 1903 for stock at par. The remaining $185,300
will be paid In cash April 1, 1908. Under the lease New Haven road
"assumed" the debt of Old Colony. In Mar., 1901, $10,000,000 nonconvertible debentures were authorised, $5,000,000 of whloh were
sold, the proceeds to be used In part for Improvements at Bridgeport,
Conn. V. 72, p. 627; V. 73, p. 721; V. 75. p. 729.
Leased Line Stocks.— The stocks of the leased lines unexchanged
on June 30, 1901, or later, and the dividends payable thereon are shown
below, the shares being all $100 each exoeptlng Danbury A Norwalk,
which are $50 each. The leases are for 99 years.
Stocks—
Total issue.
UnexcK. Divid'd. Period
Berkshire
$600,000
6 p. 0.
Q.-J.
$599,000
B. AN. Y. Air Line pref
4 p. o. A. A O
2,998,500
1,396,000
do
do
common.. 898,500
154,700 Pays no divid'd.
Danbury A Norwalk
600,000
152,925
5 p. c. J. A J.
Naugatuck
2,000,000
1.006,400 10 p. 0. J. A J.
N. H. A Derby
447.000
21.600
4
J. A J.
New England, common
20,000,000
52,500 Pays no divid'd.
do
preferred
do
5,000,000
74,100 3 p 0. Oot. 31, Ac
Old Colony
16,608,900 11,089,900
7
Q.—J.
Peroent.
)
s
1902 Q.-M30
A. A
3»tA4g. M. A
New Haven, Co.'s Office.
O. N. Y.,
g.
A.
6
Dae
Stocks— Im\.
Dividend.
Sept. 30, *03. 2
Uncoln Nat. Bk. Apr.
,
5
pal. When
New
York.
O.
do
8. N. H.. Nat. N. H. Bank.
O.
New Haven, Conn.
8.
A
4i«
M. A
A. A
4
5 g. M. A N. N. Y.Farm. L. ATr.Co.
6 g. A. A O. N. Y., Llnooln Nat. Bk.
5
A A. N.Y.,l.lncolnNat.Bank
7
6 J. New Haven Conn.
A6
A J.
do
do
A O.
5
do
do
A7
A O. N. Y., Chem'al Nat Bk.
4
A D.
do
do
4
A D. New Haven, Ct,, Treas.
3>«
M. A N.
New Haven, Conn,
6
A. A O.
6
do
do
A. A O.
5
do
do
J. A J.
5
do
do
A. A O.
do
do
4
4
A. A O. Prov.,R. I. Hosp. AT.Co
2>*
A. A O. Tnas.old Col., Boston.
4 g. M. A B. N. Y. Ottioe.56 Beaver.
iN.Y.,N. Y.8eo.6Tr.Co.
Sg
5 g. J. A D. N. Y., Morton Trust Co.
4i*g. J. AD. JT. T., Miniimt. Tr. Oo.
4iflg. M. A H.
New York.
J. A J. Of. reo., 27 Pine St., NY.
6
4 g. IM. A N. Nov.,'98.ooup.lastpaid.
4
Lines:
Bos. ANY. AlrL. lstM.,N. H. to Wllllman.,Ct.O*
Oolohester RK. 1st mortgage
Danbury A Norwalk con. M. ($100,000 are 6s). o*
Genl. M., Danbury, Conn., to Wilson Point, Ao.o*
Harlem R. A Porto. lstM.gu. ($1,000,000 6s). F.oAr
2d mortgage, guar. (Bee V. 56, p. 813). F. oAr
Naugatuck 1st M. Nauga. Juno, to Wlnsted, Ct.r
New York A
8 In
4
62
49
90
90
.
New Haven Stearab.
Bee text
10,000,000
1,000,000
200,000
100,000
2,839,000
225,000
ouimm-jtuiuI-
1.
Apr.
Men.
Apr.
Nov.
June
Aug.
July
July
Apr.
Oct.
June
June
Ku
Apr.
Apr.
July
Apr.
1,
l,
1,
1,
1,
1,
1,
1908
1947
1942
1910
1910
1937
1919
1,
1,
1,
1,
1,
1,
1,
1906
1907
1920
1925
1903
1911
1918
1,
1918
1909
1911
1904
1911
1.
1,
1,
1,
Oot. 1, 1947
V. 72, p. 675
Jan.- 1. 199S
Aug.'OS Fcb.'U
l>ec.'03 J'ne'lS
To Jan
Sep. '03-8ep. 'OT
Jan. 1. 1904
Nov.
1,
1917
Total issue.
TJnexck. Divid'd. Period.
Stocks—
Pawtuxet Valley (par, $ (1))... 100,900
100,900
7 p. 0. J. A J.
Btookbrtdge A Plttsfleld
448,700
437,700
J.
6
vKSiscs.-For 9 months ending Mar. 31
Qross
Sri
9 tnos.
Otk. Inc. Ini Jiixes.ete.
Iial..sur.
1902-3.. $34,473,628 $-1,971,655 $347,415
$0,107,058
$3,152,012
1901-2.. 31,954,006
9,826,238 577,771
6,127,588
1,2
Annual Report.— Annual meeting Is held third Wednesday In Oot.
Report for 1901-1902 was In V. 75, p. 730
Tr. end. June 30.
1902.
1901.
1900.
1899.
Miles operated..
2.038
2,047
2,038
2,038
Passenger earns. $21,223, 631 $19,853,093 $19,764,755 $18,384,831
Freight earns
21,871,642
19,864.701
20,164,753
18,381,849
425,814
Miscellaneous
414, 517
377,237
395,643
Gross earnings.. $43,521,087 $40,132,311 $40,325,151 $37,143,917
Net earnings.... $12, 247,213 $12,083,332 $12,100,311 $11,562,661
013,060
540,121
Other Income....
562,560
623,423
Tot. netlnoome$12, 800,273 $12,646,391 $12,04 ti.432 $12,186,084
Int. on bonds... $1,305,838
$1,160,967
$1,062,435
$1,100,119
Other Interest...
496
521
10,953
1,858
Rentals
4,464,711
4,451,634
4.476,258
4,537,875
Taxes.
2 410 380
2 367 636
2,484,605
2,171,167
Dlyidends".'"l.'(8)4',296',5e8 (8)4,294.738 (8)4,231,278 (8)4,158.688
Balance
sur7*38-',2.)0(sur.$363.548 sur\$391,335 sur.$207,282
Officers.— President, John M. Hall, New Haven; Secretary, W. D.
Bishop Jr.; Treasurer, Augustus S. May, New Haven, Conn.
Directors,—William Bklnner. Holyoke, M»«i.; w. i>. Bishop. UridgeKort Conn.
Carlos French. Seymour, Conn
Rockefeller,
J. Pterponi Morgan, Williuru
ILDapSW, George MoC. Miller. New York; Joseph Park, Ky.
Newton Barney Hartford, Conn.; Charles f. Choate and Nathaniel
I'.
Boston; Kojral (. Tuft. Pn
Brooker, Aneonia, Conn.; I. Do V.
Warner. Bridgeport; J. M. Hull, Arthur I). Oshorne. QsO. J. Brush. New
Uaven; Frank w. Cheney. Boul h Manchester; Kdwln Mllner. Moostip, Com.
— (V. 76, p. 708, 752, 865, 973, 1301; V. 77, p. 37,117.)
York A Loner Branch
Perth Amboy to Bay Head.N.J.
38 miles. Leased in 1888 for 99 years to Penn. RR. and Cent. RR. of
N. J., which Jointly and severally guarantee Interest and 7 per oent on
$2,000,000 stock, all owned by Ceu. RR. of N. J.— ( V. 72, p. 438.)
Q—
I'.
,
:
I
New
KB.—
New York Ontario A Western By.— (See Map.)—Operates
from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Oswego to Cornwall, N.Y
Brauoh to New Berlin
do
to Delhi
do
to EllenviUe
Road
Miles.
Controlled, <tc.
Miles.
Pecksport Conn, (leased)
4
Ontario Carb, A 8. (leased.)
Cadosla.N.Y., to Soranton, Pa. 54
Rome A Clinton (leased)
HIS
Utioa Clinton A Blng. (leased). 1131
Wharton Valley (owned)
7
EllenviUe A Kingston (leased) 27
Port Jervis Mont. A Sumiultv.
272
22
17
8
Total owned
319
Trackage (till 2079) W. Shore RR.:
CnwalltoW , h'ken(V.61,p.425) 53
(leased)
1141
See this Co.
Total operated Jan. 1,1903
549
On Deo. 2, 1902, the Port Jervis Montlccllo A New York RR. was
foreclosed and was succeeded by the Port Jervis Montloello A Summltvllle RR. The new organization Is controlled by the New York Ontario
A Western Ky. and Its line, In connection with the EllenviUe branoh
and the EllenviUe A Kingston RR forms a through line, put in operation Deo. 22, 1802, from Port Jervis to Kingston. V. 75, p. 1400.
IT
,
Organization.— The New York A Oswego Midland was sold In foreclosure Nov. 14, 1879, and this company organized.
Stock.— Stock is $58,118,982, (par, $100), of which $5,000 Is old pref.
Votino Trust.—The preferred was originally $2,000,000, but all except $4,000 has been exchanged for bonds under act of June 8, 1885.
The exchanged preferred stock Is held alive under a voting trust and
elects eight of the thirteen directors under a provision of the " Artloles
of Association," until a dividend shall have been earned and paid upon
the common stock. The voting trustees elect directors In the interest
of the common stook. See V. 61, p. 425. 426, and editorial, V. 65. p. 495.
Bonds, Etc.— Refunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. A Soranton Ry.,
54 miles, and all other property hereafter acquired. The balanoe
unissued Is available for additions, Improvements, eto. V. 72, p. 87.
Qkneral Finances.— In 1902 surplus earnings were being applied to
double-tracking 107 miles of main line, to extend over three or four
years, to cost about $1,500,000.
V.74,
p.
830;
V. 75, p- 505.
Early In the oalendar year 1899 the coal properties at Soranton,
Pa., of the Lack. Iron
Steel Co., (the capacity of the collieries
A
then open being about 700,000 tons per annum) were purohaaed by
the Soranton Ooal Oo, aided by loans from the N. Y. O. A W., the latter
Issuing Its $2,500,000 5 p. o. notes (reduced to $2,050,000 April,
1902), extending over a period of years secured by first mortgage on
the ooal property, and loaning $1,475,000 (of which $305,000 ha«
been repaid) secured by a second mortgage thereon, the O. A W. obtaining a contract for the entire tonnage. V. 68. p 41. 429. The
coal companies are expected ultimately to take) care of all the obligations created. V. 69. p. 604, 646.
In November, 1900, eight Independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hill Ooal A Iron Co., the N. Y. O. A W. Issuing Its $3,500,000 5 per
98
INVESTORS' SUPPLEMENT.
[VouLXXVII.
July,
1903.]
RAILROAD STOCKS AND BONUS.
99
A
.
100
SUPPLEMENT.
INVESTORS'
RAILROADS.
I
Bonds— rTinol-
INTEREST OR DIVIDENDS.
_
LXXvII.
Vol.
„..
t
Miles Date Size, or
Amount Rate per When Where payable, and by pal.When Dne,
For explanation of column headings, Ac, 86© notes
'Stocks— Last
Par
of
of
Dividend.
Road. Bonds Value outstanding
Cent.
Payable
Whom.
on first page of table.
,
N. T. Phila. dt Norfolk— Stock, $2,000,000
1st M., $3,000,000, gold..FP
c*
Income mort,, g., non-cum., reg, ($1,000,000)
N. T. dt Putnam.— N.Y. A No., let mortgage, gold.c
N. Y. AP. con., $6,200,000, g., gu. p.Al. en<LUu o*
if. T. dt Rock. B"h.— 1st M., $1,000,000, g., gu.Ce.o*
2d M. Income bonds, non-cumulative. Ce
r
N. T. Susq. dt Western— Midland RR. 1st M., g.Ce.O*
Psterson Exten. RR. 1st M., real estate, b. f.,g.o"
N. Y. Susquehanna
Western, 1st mortgage.
1st mortgage, refunding, gold.Ce
o*
2d mort. ($1,000,000 gold) 3d M. on 72 m.Ce.o"
General mortgage for $3,000,000, gold. . . Ce.o"
Collateral trustbonds, subject to call, our. Co
Terminal 1st mort. for $2,000,000, gold.. l's.o'*r
Allied conipanies
Wllkesb. A East'n, let M., gold, guar. p. A l.*:..o*
Busq. Connect. RR. 1st M. g.,red. at 105, gu.ITIp c
Mlddletown Un. A W. G.—See that company.
Passalo & N. Y., 1st mort, (999 years, rental).
Maeopln RR., 1st mort. (br'eh to Macopln Lake)
N. Y. 8. A W. Coal Co., let M. (1,050 aoree, s.f.).o"
N. Y. A Wllkeebarre Coal Co. let mortgage... Co
N.T.Tex. teMcx.—Ut. M.,g.,$or a.gu.by So.Pac.Fo'
FP
A
.
112
112
57
57
12
12
72
1
127
127
127
—
.
Norfolk dt Portsmouth Bell Ltne— 1st mort.GP....
Norfolk dt Carolina - See Atlantic Coast Link RR
Norfolk dt Southern—Capital stock
1st mortgage. $10,000 per mile, gold. A
o'
Norfolk Jt Heat.Ry.—Com. stock, $66,000,000. A
Adjustment pref. 4 p. o. non.cum. $23,000.000.
a There are also $53,000 not guaranteed.
$50
1899
1,000
1899
1,000
1887
1,000
1894
1,000
1887
1,000
1S87
1.000
1880 500 Ao.
1881
1,000
1887
1887
1890
1895
1893
65
10
1892
1897
3
91
6
1885
1896
1887
1893
1882
1902
151
151
1891
2
....
500
70,000
44.000
398,000
450,000
al,465,000
250,000
6
5
6
6
J.
1,000
"500
A A:
100
....
1,000
100
100
RR.—
to
Va., 95 m., and King's Creek, Md., to Crlsfleld, 17 miles.
ReorKanlied In 1898-99 without foreclosure, per plan In V. 66, p. 760.
Securities.— Stock, $2,000,000, all outstanding, $285,625 having
been subscribed for by stockholders at par In Mar., 1903; par, $50; represented by negotiable trust certificates issued by Fidelity Insurance
Trust A Safe Deposit Co. of Phila. Of the $3,000,000 1st 4s, $400,000
are reserved for improvement*. V. 68, p. 773, 978. As to incomes,
see V. 68, p. 978. Interest on lnoomes, 2 p. c, semi-annually paid
Nov. 1, 1899, to May, 1903, both Inclusive. First dlv.on stock, 2 p. c,
paid Jan. 3, 1901 June, 2 p. c; Dec, 2 p. c; 1902, 5 p. o. (J. A D.l;
1903. June, 3 p. e.
Eakninos.— Year ending June 30, 1901, gross, $1,251,773; net,
$436, 116; other Income, $3,120; oharges. $270,895; dlv. (4 p. c), $68,;
bal., sur.. .+99,796. -(V. 74, p.
988; V. 76, p. 159, 436, 1030.)
I'm mini
Owns 155th Street and 8th Ave.,
S. Y. City (terminus Manhattan Elevated), to Brewetere.N. Y., 54 miles;
double-track branch to Yonkere, 3 m.; operates 2 m.; total, 59 miles.
Hibtory.— Successor to the N. Y. A Northern, sold under foreclosure
of 2d mort. I)e< 2H, 1893, and purchased for N. Y. Central A Hudson
River RR.. which
under lease— see V. 63, p. 754. 820, 1159.
Decision, V. 74, p. 3H0. Capital Btock Is $6,500,000; par, $100.
Bonds.— The New York Central guarantees the new ooneolldatod
mort. bonds, of which $1,000,000 were reserved for Improvements; also
i 1,200.000 to retire at maturity the first 5b.— (V. 74, p 380.)
York A lto< kiiway Itcnch Ry .—( See Map Long Island RR.)
—Owns from (ilendule Junction to Rockaway Park, 1031 miles, with
branch, 1*48 miles; total, 11 74 miles double truck, mostly 80-lb. steel;
To be equipped elect rlca ly. V. 75, p. 1140. Stock, $1,000,000; par
$100. La—ed June 30, 1902, by Ia>uk Island Railroad Co.. whose
endorsement Is printed on first mortgage bonde, of which, June 30,
1902, $101,000 owned by L. 1. RR. and deposited under Its unified
mortgage, together with $905,333 of the Incomes. Year ending June
M, gross, 8387,140; net, $181,620; other Income. +2,973; bal.
over oharges expended for Improvements.- (V 66, p. 104&)
York Simqnehaiiiia A
iMii It It .—(See Erie. Map.)
History.- Consolidation In June, 1881, of theMldland of New J. In
1898 nearly all of the capital stock was exohanged for stock of
the Erie RR., which operates the line as an Independent outlet to Now
York. See V. 66, p. 53, 83 and 759.
New York A
RR.—
New
New
fl
A
J.
S*
5g-
J. Phila.,
M.
M.
A.
F.
1910
1910
do
do
do
do
do
Jan.
Feb.
May
May
1.
1,
1,
1.
1,
1,
1,
do
do
A
N.
MAN.
J.
l","
do
do
do
do
do
J.
J.
A
A
A
A
A
A
A
A
Apr! "
June
do
do
Jon*
1,
Mch.
1,
1942
1907
Deo.
Deo.
1,
1,
1,
1,
1.
1,
1910
1918
1912
1933
1912
1938
July
A.
F.
F.
M.
St.
N. Checks malled(see text)
A
A
A
M. A
2 g
6 g.
New York Pennnylvanla A Ohio RR.—See Erie RR.
New York Philadelphia A Norfolk RR.— Delmar, Del.,
i75;
A* O. N. Y.,Of .21 Cortfandt St
do
do
A D.
J.
J.
3,000,000
225,000
A
Cape Charles,
M.
A."
J.
A.
A.
1,000
1,000
1, 000 Ac
Junel5,'03,3
Jan. 1, 1939
Jan. 1, 1939
New York City.
Oct 1, 1927
O.
O. N.Y., Gr. Cent. Station. Oot. 1, 1993
8. N. Y., D. 8. M. A Tr. Co. Sept. 1, 1927
Checks mailed.
26 So. 15th
D.
A
A
A
A
A
M.
4*«g
RR.—
A
A
J.
J.
447,000
2,551.000
248,000
2,000,000
—
New
-
1,000
1.000
1,000
1
A
"
i",6bo
cent sinking fund first Hen gold notes eeoured by the Coal & Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June 1, 1901, to June 1, 1911. and thereafter $200,000 semi annually to Dec. 1, 1915. In the event of any additional mortgages
being placed on the railroad properties besides the refunding mortgage, the notes are to be secured pari passu with such new ohllgagatlons. The Elk Hill Co. also made a seoond mortgage to the N. Y O.
A W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The company's coal tonnage is derived from the following sources:
Soranton and Elk Hill companies (as above stated), total maximum
capacity, 2,700,( 00 tons; other companies, 300,000; shipments from
washerfes, 800.C00 tone.
Earnings— 11 months, ) 1902-3. Gross, $5,533,813; net, $1,425,878
July 1 to May 31.
{1901-2. Gross, 5, 94,651; net, 1,322,953
For 9 mos. ending Mar. 31, 1903, net $1,192,457, agst. tl.287,629 in
1901-2; other inc., $300,587; charges, $977,978, aget. $775,545; bal.,
sur., $515,066, against but., $687,569 in 1901-2.
Ajtntjal Report. Fiscal year ends June 30. Annual meeting last
Wednesday in September. Report for 1901-02 was given at length in
V. 75, p. 495, 505; see also editorial, p. 475.
Coal traffic in 190102, 2.455.305 tons (out of 3,612,487 tons), against 2,361,026 in '99-00.
Tear ending June 30.
1902.
1901.
1900.
Gross earnings
$5,322,884
$4,963,483
$5,456,696
Operat'g expenses and taxes. 4.157,754
3,414,917
3.777.137
Balance, net earnings
$1,545,747
^1,298,942
$1,548,566
Tot. net lncome.inol. "other." $1,810,917
$1,962,991
$1,822,258
Interest on mortgage bonds..
677,480
654,133
617.480
Mleoell.lnterest and discount
277,032
232,092
153;471
Rentalspaid
197,446
197,533
19 2,282
Balance, surplus
$658,959
$879,233
$859,024
Pre8.,Th08. P. Fowler.— (V. 75, p. 1400; V. 76, p. 213, 382, 1085.)
York Ottawa
Tupper Lake. N. Y., to Ottawa, Can.,
128 miles. Stock, $2,540,000. In Apr.. 1900, Henry W. Gays was
appointed receiver. V. 70, p. 842. In July, 1900. $685,000 receiver's
certificates were authorized. V. 71, p. 135; V. 77, p. 37. Foreclosure sa'e under first mortgage postponed to November 18, 1903;
all the first and nearly all the second mortgage bonds have been deposited with Spencer Trask A Co, nnder a bondholders' agreement, but
no reorganization plan had t>een formulated to Apr., 1903. V. 75, p.
394, 794.
There are $63i,000 second mortgage Incomes outstanding. Year ending June 30,1902, gross, $193,232. Coupons of May,
1899, and since in default.- (V. 76, p. 1085; V. 77, p. 37.)
York Pemmj 1 vanla
Shingle House, Pa., to Canlsteo, N. Y., 52 miles. Sold In foreclosure on May 24, 1902, to F. A.
Howard Cobb. V 74, p. 1139. In Apr.. 1903, plan of reorganization had not been arranged. For year 1901-02, gross, $96,679; net,
$2,054; chargeB, $18,349; balanoe, def ., $16,295.— (V.74, p. 1139.)
New
82,000,000 See text.
2,600,000
8
J
1,000,000
1,200,000
5 g.
4,025,000
984,000
5 g1,000.000
3,500,000
250,000
f g
5,000
g>
2
3,745,000
5 g-
D.
8.
Aug.
do
do
do
do
do
do
N. Nov.,'02.n'tpd.wh.due
O. N.Y..8.Pao.Co.: London.
A. Phila., Fidel. Trust Co.
D.
D.
Moh.
Nov.
8.
Apr.
Feb.
1911
1937
1937
1940
1905
1943
2,000,000 4 In 1902 Q.-J. N. Y., Metrop. Tr. Co. July 10,*03,1%
May 1, 1941
do
do
1,380,000
5 g.
64,469,200 2^ In '02 J. AD. Office, Philadelphia. J'nel9,'03, l»s
do
do
Ang.21,'03,2%
22.98S.100 4 In 1902 F. & A.
MAN.
Ovmed(infee)orentireStk. Miles. Susq. Connecting RR
10
Jersey City to Gravel PL, Pa.. 101 Other branches
25
[Double track 19 miles.]
Lines leased, etc.
Miles.
Two Bridges, N.J., to Unlonville 21 Mlddletown Un. A Water Gaptf 14
Wllkesbarre A Eastern
2
65 Traokage
Total road operated (IT see this oo.) June 30, 1902
238
Stock.— Pref., $13,000,000; oom., $13,000,000, of which the Erie
owned June 30, 1902, $12,378,900 common and $12,892,400 preferred,
of whloh $6,630,000 common and $6,630,000 preferred are deposited
under Its Pennsylvania collateral trust mortgage.
Dividends.— ) Nov., 1891, to 1892.
None
On
pref., p. ot.
2i« yearly.
\
since.
Bonds.— General mortgage
5s, bonds are reserved to retire the
seoond mortgage 4^8. See mortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment of an assessment.
Ae to terminal bonde listed in Sept.. 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The Wilkesbarre dt Eastern
1st 5s are unconditionally guaranteed. V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each MAS.
EARNINGS.— 11 mos., ) 1902-3
Gross, $2,377,980; net, $1,020,703
July 1 to May 31.
Gross, 2,474,268; net, 1,115,674
S 1901-2
Report.— Report for 1901-02 in V.75, p. 1028, showed on 238 miles.
Year.
dross.
Net.
Oth. Inc. Oharges.
Bal. Sur.
$2,583,928 $1,113,345 $3 -',622 $924,608 $221,359.
1.047,249
29,570
930,238
146,581
2.504,887
-(V. 75, p. 849, 1028, 1032, 1302, 1400.)
New York Texan
ITIexlcan Ry.— (See Map of 8outhern
Pacific.)— Owns from Rosenberg to Victoria, Texas, 91 miles; branch
from Wharton, Tex., to Hawkinsville, 48 miles. Completed Jan., 1903.
Btock. $630,040, of which Southern Paolflo Company owns $615,000.
There are also $53,000 old sixes outstanding and 30-year Matagorda
division bonds Issued at $15,000 per mile, due Jan. 1, 1931, int. J.AJ.,
on the branch from Wharton to Van Vleck. 31 miles. Operated by
So. Pao. Co., which guarantees the 4s, and to which is owing $823,236.
EARNTNQ8.-10 mouths, ) 1902-3
Gross, $393,225; net, $92,581
July 1 to Apr. 30.
$1901-2
Gross, 310,062; net, 114,675
In year ending June 39, 1902, gross. $383,671; net, $149,167; balance
over oharges, $27.612.— (V. 76, p. 543.)
Norfolk
Owns Port Norfolk
Portsmouth Relt Line
to Berkley, Va., 6 miles. Stock ,$49,600, in $100 shares. Bonds see
table. Yeai ending Deo. 31. 1902, gross, $80,248; net. $30,007; int.
on bonds, $12,500; other int., $1,000; taxes, $8,841; baL, sur., $15,666.
Soul hern
Owns Norfolk, Va., to Edenton. N. C,
Norfolk
74 miles; (ferry across Albemarle Sound to Mackev's Ferry, 9 miles;)
thence road to Benhaven, 30 miles; Norfolk to Virginia Beach, 18
m.; Kempsvillc to Munden's Point, 22 in.; Virginia Reach to Cape
Henry, 7 miles; total main line, 151 miles.
Dividendb.—July, 1892, to July, 1903, lnol., at 4 p. o. per annum,
and In July, 1901, 1 p. o. extra was also paid.— (V. 74, p. 206.)
Report.—
Gross.
Other Inc. Oharges. 8ur. for div.
Net.
1901-2
$161,060
$3,050
$68,465
$95,645
$825,325
1900-1
697,100
14.506
68.240
110,053
163,787
Dividends paid In 1901-2 (4 per oent), $80,000; in 1900-1 (5 p. c>,
$100,000.— (V. 72, p. 1238; V. 74, p. 830; V. 75, p. 240: V. 76, p 1356.)
Norfolk
Western Ry.— See Map.— System extends from Nor-
1901-02
1900-01
A
RR.—
A
RR.—
A
A
folk, Va., westward to Columbus, Ohio, and northward to Hagerstown,
Md., with branches to the varloue coal Holds In Virginia ana West Va.
Road
otcned.
Miles.
Miles.
Norfolk, Va, to Columbus, O...704
Roanoke
Radford, Va., to Bristol, Tenn.lll
Sundry branches
to Winston.
121
142
Roanoke, Va., to Hagerstown. 238
Total owned June 30, 1902.1,681
Graham to Norton
100
Nor. Car. Juno, to Fries
44 Columbus Conn. A Term. RR.
4
Lynchburg to Durham. N. C. 115
Portsmouth Jot. to CincinTotal
1,685
nati and I vorydale
106 Doubletrack
105
Organization— This Railway company In 1896 succeeded to the
property and franchise of the Norfolk A western KR., etc., foreclosed
per plan, was In V. 62, p. 641 The old stock paid an assessment
"'
of $1'. 50 per share, common receiving 75 p. c. and (he old pref. 112>s
2
In new common. In 1900-01 the Penn. RR., together with conP
trolled companies, acquired control through purohase of over $32,000,000 of the slock. Bee V. 74, p. 503; alsoV. 70, j>. 6S7. 1150, 1195; V.
.
71. p *09; V.72, p. 184, 480; V.73, p.957. The Cincinnati I'ortstnouth
A Virginia. 180 miles .was merged July 1,1901. V.73. p. 137. 438, 532;
V. 72, p. 503; V. 75, p. MM, V. 75, p. 30. Branches building June 30,
1902, 125 miles; see V. 75, p, 503.
Stock.— Provisions of preferred Btock certificates were given In 8uriii mi nt of April, 1S97, page4,eald etock being 4 p. o. non-cumulative,
with preference ae to assets and dividends.
Dividknds. p.e.)
Preferred...
Common
1897.
1898.
1899.
1900.
1901.
>
1%
3\
4H
4%
)
..
4%
2%
..
1902.
1903.
4%
-1%
2»*9i June.l^
V. 75, p. 1148.
1s limited to $62,-
In 190.', on common, June, 1 p. c; Doc, 1 ig p. o.
-. — The first consolidated mortgage of 1896
500,000, of winch an amount eqaal to the underlying bonds can bs
Issued only on the retirement <>f the Mine. On June 30, 1902, the
balance unissued ($28, 2S9.5O0) was reserved as follows: To retire
)
:
JOLY,
—
.
KAiLROAD STOCKS AND BONDS.
1903.]
RAILROADS
Ml Irs
For explanation of oolumn headings, Ac, see notes
on tlrst page of tables.
Of
Ko.td.
Norfolk A Western Ry .—( Concluded—
N. 4 W. Oen. (now 1st) M.Norf.to Brls..eto.g. FPo*
New River division 1st mortgage, gold. Pi* a'
Improvement A Kxten-lon Mnrt, gold PP c"
428
165
588
129
.
Date BUe, or
Amount Rate per
Par
Where Payable, an4 by
of
Payable
Whom.
Bonds Value. Outstanding Cent
$7,283,000
2,000,000
5,000,000
5.000.000
36,210.500
1881 $1,000
1,000
1882
1,000
1883
1,000
1889
1896 5O0 Ac.
1,000
1901
500
1892
1,000
1902
1902
1,000
1*0
4 New Eng., 1st M.,aBsuin.,g.Ce.o*
.,500,000, g. 'I.1,579
N. 4W. lstcon
Pooah.Jt M..$20,000,000, g., oalll05.a.f.GI».o\tr
v
4
Col. Con. 4 Term, 1st M., g., gu. p. 4 I. (end
Eqnlp. trusts, g.,$500.o00y'rly,beg. 1905. PI*
Norrisl. <t Main L Oon.— 1st M.,g.,gu.p..tl.end.GP
223
North Carolina stock, 7 per oent rental
50
86
Ho. Penn.— 8tk., 8 p. o. gu.990yrs., $6,000,000 auth.
56 1866 500 4c
Oil 2d M., now 1st M.( 7s extended In 1896). ...o
1873
extended In cold m 1903
Oen'lmort..
oAr
1881
r
Consol. bonds seonred by $1,200,000 stock.
1898
Funding loan bonds, $109,000
....
Real estate morts. and ground -nt -June 30, 1902
1,000
26 1890
No. East Penn. — 1st M., g., gu.P.4R. (end.) liu»*o'
1.000
107 1896
North' n Ma.— 1st
($350,000 are prior lieu).
o
100
Northern, (N. R.)—Stock, 6 p. o. rental
83
50
Northern Central— (Stock $12,000,000 authorized)
1st mort, State of Maryland loan— V. 74, p. 1197
148 1855
145 1874-5
Consol. gen. mort. ( gold, s.f dm. at 100, A4B.0
l>
145 1878 7 $1,000
of 1874, gold, ho- ] gold,
o
1,000
145 1885
o
cures all equally, (gold, K
145 76482 1,000
2d gen. M., series "A* 4 "B" (A $2,565,000) Pi'
100
North'n of New Jersey— Stock, guar, (see V.69,p.81
Boloto Valley
:
600.000
3,500.000
250.000
4,000,000
4,721,250
1,500,000
4,500,000
1,200.000
$4*
PP
o
3d mortgage, now 1st, Interest guar
Gen. M., $1,000,000, g., Int. gu. by lease, (Jsin.C
21
1887 100 Ac.
1900
1,000
ut.standing prior lien bonds, $22,098,889; for new conflit, 1-'. ',000
truotlon, acquisitions ana improvements, not exoeedlng $1,000,000
yearly, $2,690,611; and $3,500,000 additional for similar purposes.
The right to issue prior Hen bonds has been annulled. V. 73, p. 502;
V. 74, p. 151j V. 75, p.
The 4 per cent first consols are a first mortgage on a large
part of the system, viz., about 860 miles of railroad; upon lmSortant terminals at Norfolk and Lamberts Point; upon the Ohio
Machine Works; besides being a
iiver Bridge and the Roanoke
consolidated mortgage upon the remainder of the system, sub
They are further secured by the
lect to the undisturbed liens.
squipmeiit, certified to have cost ovei $11,000,000, oovered by the car
See abtrusts and equipment bonds taken up under the plan.
stract In V. 64, p. 876. V. 72. p. 137,438,532.723, 1080; V. 75, p. 505;
V. 70, p. 1408.
The N.
W.-Poenhontas Joint bonds are secured by about 295,000
acres of coal lands owned and held by the Pocahontas Coal
Coke Co.,
whose stock is owned, of which about 50,000 acres have been leased to
companies whose stock Is all owned by the United States Steel C01 poration ami 39,797 to other concerns, ho royalties under such lease*
alone being shortly expected to be sufficient to almost meet the fixed
oharges. They are subject to call at 105, beginning 1906, for a sinking
fund of 2»« oeuts per ton mined. V. 73, p. 845. 902; V. 71. p. 41, 380,
1197; v. 7.">, p 502. These bonds are the Joust and several obligations or the Railway Company and of the Coal A Coke Co.
The equipment trusts of 1902 ($3,500,000) were Issued on new
equipment OOStlng *5,000.000. V. 74, p. 681; V. 75, p. 502.
For description of funded debt, see v. 75, p. 504.
t.isii.M Kin \nceb.— The reorganization reduced the tlxed charge*
from $3,214,037 to $2,218,450, a reduction of 8995,587, making the
annual charges ahead of the new common stock smaller than those
ahead of the old preferred stock. Of the traffic in 1901-1902 58 per
oent (7,056,721 tons) was bituminous coal and coke.
As to Pocahontas bonds of 1901, see above. Dividends on the common stock were begun in June, 1901. V. 72, p. 873.
Earnings— For 11 months oudlng May 31
Int., taxes, Ac. Bal., sur
Cross.
Net.
1902 3
$19,192,117 $7,607,012
(
&
&
t
19012
16,177.168
6,865 1?4
Annual Report.— Fiscal year ends June
8,155,277
4,708,877
30.
Annual meeting
In October. Avera.
is
held at Roanoke, Va., on second Thursday
per ton mile 0463 cent in 1901-1902, against 0'486 in 19<>'
load of revenue freight, 476 tons, against 452. Report for 1901-1902,
V. 75, p. 494, 501 (sec editorial p. 474) showed:
1901.
1902.
1900.
1899.
Tears end. June 30—
$
$
$
Passenger earnings
2,379,476 2,046,455 1,857,305 1,608,414
Freight earnings
14,594,28113,214,164 11,753,062 9,7
Mall, express, Ac
578.449
524,824
480^ 38
Total gross earnings.. 17, 552. Jot; 15,785,442 14,091,005 H.827,138
Operating exp. 4 taxes. .10,136,227 9,445.459 8.501,090 7,939,102
(57-75 )
(5984 )
(60-38 )
P. c. of exp. to earns
(67'19)
Total net earnings. .. 7,415,979 6,339,983 5,5"9.909 3,*7 4 1 A 97*1 6.33.'
Total net Income
7|49o',873 f..UM,600
3.911.400
Interest on funded debt. 2,352,402 2,238,480 2,257,239 2,219,477
Intere.-t on ear trusts
16,400
5,375
11,238
Def. Int.PocC.&C. bonds
161,230
Dividends on pref
(4)910,014 (4%)909,924 (4)909,748 (4)909,588
Dlvldends.on com....(2%)l,289,384(l%)644.692
Miscellaneous
10,000
1,051
1,520
7,444
Betterment fund
2,500,000 1,500,000 1,500,000
Floodfund
250,000
....
Disco 11. t, etc
80,392
31,185
470,266
Ba anee
sr.182,076 sr.$822,030 sr.$507,938 sr.752,654
10KR8— President. F. J. Kimball; Chairman of the Board of Direct, is, Henry Fink, 27 William St., N. Y
Hemphill. Gen-
On
1.
&
eral oilice. Arcade Bldg., Market
15th streets, Philadelphia, Pa.
Directors.— Henry Fink and Victor Morawet
.Tick j. Kimball, s. m. Provost, Bamnel Ilea. N. Parker Bhortrtdse, w. 11. Barnes, Joseph
L Uuran and John I*. ..rccn, Philadelphia: James sfoCraa, Pittsburg; Waller
Taylor, Norfolk, Va.
-(V. 75, p. 49 1, 501, 550, 849, 1148; V. 76, p ISO, 1301, 1408.)
H
Norrlnloivn
4
.Tlalu
Line Connecting Kit.—Owns
road
3,405 feet long, inoludlng bridge over sclnnlkill River, extending
from Norristown to a connection with the main line of the Philadelphia 4 Reading at a point above Bridgeport. Pa. The Reading Co,
owns all the s.'.O.OOO stock and guarantees the bonds, principal and
interest, by endorsement.— V. 75, p. 1148.
North Carolina UK.— Owns from Goldsboro to Chariot;
Carolina, 221(55 mile*; Carolelgh Jot, N. C, to Carolelgh Mills, 190
m.; total, 22355 m. Leased from Jan. 1, 1896, to the Southern
for W> years at $266,000 (6»s p. e. on stock) per year till Dec. 31
and +286,000 (equal to 7 p. c. on stock) balance of lease; also taxes.
V 63. p. 361. Of the stook the State of North Carolina holds $3,000,000.
—(V. 65, p. 27; V. 66, p. 665).
North Pennsylvania Kit,- Owns rrom Philadelphia, Pa., to
Bethlehem. Pa.. 56 miles; branches to Delaware River. Ac. 31 miles;
second track, 54>a miles; total track, 227 miles.
Ground rents
July 1, 1901, $47,854. Leased for 990 years from May 1, 1879, to
Phlla. & Reading RR. at 8 per oent on stook, and lease assumed In
1
4
A.
4
g.
g.
J.
A
g.
J.
t
*
g-
M.
*
7
K-
M.
4
5
8
4
33,„ g.
4
91,899
400,000
5 ft.
1.650,000 Bm taxi
3.068,400 See text
11,462.300 8 In 1903
1,500,000
6
6 g.
198,000
2,000,000
8 g.
1,757.000
4>«g.
5
3,565,000
4
1,000.000
654,000
6
4»«g.
154,000
K
4
M.
g.
eg. A. 4
6g. P. 4
<g. M. 4
-i.OOO
<
104
6
i!0,0O0,0O0
M
M
lOl
4
4
N. N. Y., Mercant Tr. Co.
O.
do
do
A.
See text.
N. N.T., Mercantile Tr. Co.
O.
D.
do
do
k» — 1 art
Dividend.
May
Apr.
Feb.
1,
1,
1,
1,
do
do
I,
1,
1931
1938
1934
1989
1996
1941
1991
V.Y., Atlantic Trn-t Co
J. in
1.
l.'O.Vll
8. Phlla., Fidelity Tr. Oo
Reudg Termln'l Bept 1. 1959
8. Phlla
Burling m, n
A.
Aug. 1,'
Phlla. Of., 240 80. 3d St. May 25, '03, 2\
N.
do
May 1, 1936
do
J
.
4
M. 4
do
J. 4 J.
do
M. 4 8.
do
do
M. 4 N.
do
do
A. 4 O. Phlla., Phlla. A Read'g.
J. 4 J. N.Y.. J. P. Morgai
on, III M11;
Q.-J.
J. 4 J. Baltimore, Treas. OHloe
Annapolis.
Q.-J.
J. 4 J. London and Baltimore.
J. 4 J. Baltimore, Treas. Office.
A. 4 O.
do
do
J. 4 J. Baltlmore.Treae. Office.
Q.-M. N. Y..21 Cortland
do
(to
J. 4 J.
do
do
J. 4 J.
F.
."»('«
i
Jan.
1,
Sept. 1.
Nov.
1,
1958
1905
1928
Apr. 1, 1920
July 1, 1928
July 1,'03.1»«
Julyl5, 03,4%
Irredeemable.
July 1, 1904
July 1, 1904
,
Apr. 1, 1925
Jan. 1. 1926
June, 190:i,l%
July 1, 1917
Jan. 1, 2000
1896 by Phlla. 4 Reading Railway. The $4,500,000 general 7s, due
Jan. 1, 1903, wero extended at maturity in gold for 5<> years at 3\o
peroent. V. 73, p. 1160; V. 75. p. 1354. Current liabilities June 30,
1901, +217,024 -(V. 73, p. 1160; V. 75, p. 1354.)
North-Kant Pciiiih> Ivanla Hit.— Owns road from Olenslde to
New Hope. Pa.. 26 miles. Controlled by P. 4 R. Capital stock, $400,000, of which $318,950 owned by Reading Co. par, $50.
Northern Alabama K y .— Sheffield to Parrlsh, Ala., and branohes,
stock and bonds pur119 miles. In April, 1899, a majority of
chased by the Southern Ry. V. 88, p 89 1. 878, Bee also V. 69. p. 391.
stock Is $2,000,000. Under supplemental mortgage of 1S9S $400,000 of the outstanding $1, 700,000 1st 5s were made prior liens. Remaining $1, 300,000 general lien bonds bear Interest for two years
from July 1, lS'.ig, at 2 per cent, thou 3 percent for two years; thereafter 5 per oent. V". 67. p. 1208.
In year ending June 30, 1902,
gross, $408,161; net, $57,689. In 19001 net, $54,898.— (V. 69, p. 28.
Northern (New If anipnhtre) Kit.— Owns Conoord, N. H., to
Vt., 70 miles; branch to Bristol, N. il., 13 m; total,
83 miles. Subsidiary lines, Concord 81 Claremont RR., 71 miles; Pe
terborough 4 Hillsborough RR.. 19 miles. Lease to Boston 4 Lowell
for99 years from Jan. 1, 1890, was assigned to Boston a- Maine; rental
was 5 peroent on stock till July 1, 1897, and now 6 per oent, payable In gold. Until July, 1897, 1 p. o. extra was paid regularly from
contingent fund. Also In 1894, Jan., 5 p. o. extra was paid; in 1896,
July, 2 p. 0. extra; In 1897 5 p. 0. extra.— (V. 65, p. 463).
Northern California Ry.— See Southern Pacific RR.
Northern Central Ky.—Owns Baltimore, Md., to Sunbury, Pa.
137 miles, of which 132 miles double track— brunch, 9 miles; leases
Shamokin Valle> 4 Pottsvllle RR., 38 miles; Elmlra 4 Williams port
;R. ,76 m.; operates at oost— Elmlra 4 Lake Ontario Kit, 100 miles;
L> kens Valley RR., 19 miles; also since June 1, 1902, York Hanover
ic.lerlck RR, St! in
York branch Penn. RR., York, Pa., to Cola
umbia, 13 m.; total, 450 miles. Also uses N. Y. L. E A W. tracks, 7 m.,
and Phlla. 4 Erie, Sunbury to Wllllamsport, 40 miles.
OROAjnzATioN.— A consolidation of several roads In 1854 Controlled by the Pennsylvania RR., which owns a majority of the stook.
Securities Owned- On Jan. 1. 1903, among the assets held were
Phlla. Bait 4 Wash, stock (pan of $352,200; Elinira 4 Lake Ontario
stock (all), $1,500,000; Shamokin Valley a Pot tsville stock, $619,650;
Union RR. stock, $1,225,000 (the Dal. of $875,000 being held by Phlla.
Wllm.4 Balto.), etc. Also the following, mostly acq ill red in 1900; Ches.
4 Ohio stook $1,500,000; Bait. 4 Ohio pref. stock. «1,000.000, and
common, $781,500; Norf. 4 West pref. stock, $500,000, and oommon,
$1,000,000; Erie & West, Transportation Co. stook, $500,000.
.;. — Authorized issue was Increased in Feb., 1900.
from $8,000,000 to $12,000,C00; Penn. RR. on Jan. 1, 1903. owned $6,267,950.
LiJLBiirnns.— Mort and ground rents on Jan. 1, 1903, were $110,706.
Divid'ds.— )1888. '89. '90. '91. '92. '93. '94 to 1900. '01. '02. 1903.
Per oent... $ 7
7
8
7
8
8
7 yearly
8
8
8
ING8.-5 rnos.. J 1903
Gro)2; net, $903,069
Gross, 3, 480,99,!; net, 1,010,569
Jan. 1 to May 31. (1902
Inn vi. Rei-okt.— Fiscal year ends Dec. 31. President's report foi
1902, given at length In V. 76. p. 476. 491, showed the following:
nd. Dec. 31—
1! 02.
1901.
1900.
1899.
Miles of road
450
381
381
Gross earnings
$8,456,^85 $8,266,958 87,845,412 $7,233,417
mines.
2,351,590
2,511,969
2,347,874
1,950,523
Otherreceipts
533.109
575,608
12,194
Total net Income
$2,927,198 $3,106,275 $2, 980,009
Rentals, Ac
507,777
464,912
535,619
480,844
'ondebt
535.905
530,187
651,116
775,420
Dividends
(8)918.980 .8*916,980 (7)684,033 (7)526,267
Taxes and mlscel
'495,775
118,969
93,157
153,291
Extraordinary
700,000 1,101,039
613.525
300,000
Balanoe, surplus
None.
None
*12y,567
$247,810
Includes 8397,926 "extraordinary expenditures not properly
chargeable to capital account." (V. 76, p 4 7 6,49 1.865.)
Northern Kit. of Mew Jersey.—Owns from Bergen, N. J., to
Sparklll, N. Y. 21 miles; leases Sparkill to Nyack, 5 miles. Leased
to the Erie RR. from June 1 1 899, for the term of Its corporate existence, for Interest on bonds, 4 per cent on $1,000,000 stock, p
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
4*« per cent general mortgage bonds, guaranteed by the Erie, *
0O0 are reserved to retire the tis due July 1, 1917, and the remainder
for improvements and betterments or equipment for operation by eleotrlcltyof the leased properties. See V. 89, p si.-(V. 71, p. 30.)
North. Ry. Costa Klca.-See V.71, p. 1067, and United Fruit Co.;
White River Jot
.
1
I
;
•
,
1
V. 75, p. 849.
Northern Ohio Kail way.— (Sec Map Lake Eric dt Western.)—
Owns Akron to Delphos. o.. ltr> miles; branch) 1, 2 miles. Leased
In perpetuity to L. E. 4 W., which guarantt is tho bonds. V. 62, p. 826,
Stock.—Common stock (all owned by L. E. AW.) $3. 590,000-, preferred non-cumulative 5 p.
stock, $650,000; par of each $100.
Is for $4,000,000 of which $1,500,000
unissued are limited to *15. 000 per mile of completed road her
W. V.66, r. 337.
constructed or purchased. Operated as part of
E
0.
Bonds.—The.first mortgage
L &
102
INVESTORS'
SUPPLEMENT.
[Vol.
LXXVII.
July, 1903.J
RAILKOAD STOCKS AND BONDS.
103
INVESTORS'
104
RAILROADS.
^^
,
.
SUPPLEMENT.
Amount
Rate per When Wheve Payable, and
Outstanding Cent
Payable
Whom.
|
1895
'
J
J
.
8t
Bonds Underlying
St.
Paul A Duluth
167 1881
Paul A Duluth 1st mortgage, assumed
o'
c"
167 1887
2d mortgage, assiuned.Ce
21 1884
A L. 8up., 1st M., s. f. not dr'n.Ce.c*
25 1886
Duluth 8. L. 1st M, p. A i., s. f. not dr*n.Ce...cConsolidated mort., ass'd, $5,000,000, g.ITIp.c* 238 1898
Car trusts, including interest, Jane, 1903
.... '98-'99
Itorth'n Pax.. Ter.Oo.— IstM., gold, red., atllO.F.o"
....
1883
Northern Railway ( Cat. )—See Southern Pacific RR.
Northern Secnri vet— Stock, $400,000,000
No. Shore RR.—'S. Pao. Coast, gen. M. (now lst),g.c 90 :5 1892
New No. 8hore M $6,000,000. ft.., s. f. bsg.'12.o* .... 1902
Northwestern Coal By.— 1st M., guar, end., g.F.c* .... 1893
Northwestern KR. of 8o. Oar.— 1st M., $375,000. ..,
65 1900
72
....
Norwich dt Worcester—Pref. stook, 8 p. o. rental
Bonds (not M.),lnt. gu. under lease, ourr'oy...o<fcr .... 1897
8t.
Taylor's F.
I
;
t
-
7
i.obo
g.
5
5
6
5
4
1,000,000
2,000,000
210,000
500,000
1,000.000
198,199
3,692,000
1,000
1,000
1,000
1,000
1,000
Q.-F.
Us A
6
F.
A.
J.
M.
J.
g.
5
J.
g.
100 364,867,849 4 in 1902
1,000
1.000
1.000
1,000
1,498,000
S 50,000
794,000
285,000
3,000.000
1.200,000
100
1.000
5
of the
leading lines to the Pacific, having its eastern termini at St. Paul,
Minn., and Duluth, Wis. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining district of Montana and the farming
•ountry of Washington to Taooma and Seattle, and to Portland, Oregon, with branches to Winnipeg, etc. The system comprises
Haiti line.
Miles.
Leased to others.
Miles.
To other companies
Ashland, Wis., to Portland,
9
354
Ore. (incl. 5 m. terminals) .2,171 To Frovinoe of Manitoba
Bralnerd and 8taples to 8t.
Notoperated
30
Paul
181
403
Total owned
Other lines
5,471
Total main line
Various branches
Controlled properties.
Wash. A Col. River,
Minn. A International
2,755
2,323
163
115
owned (operated
Total system July 1, 1902... .5,749
61
5,078 8econd track
The Manitoba branches, aggregating 354 miles, were leased for 999
years from May 31, 1901. to the Provincial Government and sub-let by
the latter to the Canadian Northern Ry. at a rental of $210,000
annually for the first 10 years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter $300,000, with the option of purchase at any time for $7,000,000. V. 73. p. «10. In Jan., 1902, purchased branch from Minneapolis to White Bear Lake, Minn 15 miles,
formerly leased, assuming $280,000 bonds. V. 74, p. 94.
In 1898 leased Washington Central, and purchased the entire
capital stock and all of the income bonds of the Washington A Columbia River Ry. Hee separate statements for these Washington companies. On July 1, 1900, the 8t. Paul A Duluth RR.,St Paul to Duluth,
etc., 238 miles, was merged, its bonded debt being assumed. V. 70, p.
1250; V. 71, p. 648.
On June 30, 1902, 108 miles of branches and extensions were under
construction; of these the Washburn branch, Iron River, Wis., to Washburn, 34 miles, was opened in Sept., 1902, and Mackenzie to Linton, N.
D., 40 m., in July, 1903. In Oct., 1902, the Bellingham Bay & Eastern
Ry., Wlckersham, Wash., to Falrhaven and Whatcom, 23 miles, and
Washington A Oregon.'Ry-. Kalama, Wash., to Vancouver, 29mlles, were
purchased and In Dec, 1902, the Port Townsend Southern RR., Port
Townsend to Qullcone, Wash., 28 miles, aud Olympia to Tenlno, 16
miles. V. 75,p. 849, 1355.
History.— This Wisconsin company on Sept. 1 ,1896, succeeded to the
railroads, land grant and other property of the Northern Paolflo RR.,
foreclosed In July, 1896, and reorganized per plan in V. 62. p. 550.
The original Northern Paoiflo Company was ohartered by Congress
July 6, 1864; 450 miles to Bismarck were foreclosed In 1875.
Stock.—The $75,000,000 preferred stock was paid off at par on Jan.
1, 1902. the common being increased from $80,000,000 to $155,000,000. V. 73, p. 1062, 1160; V. 74, p. 41
In October, 1902, 99 per cent of the capital stock had been acquired
by the Northern Securities Co. (which see below). V. 72, p. 1081; V.
73, p. 138, 185, 1011, 1062, 1161, 1357; V. 74, p. 681.
Dividends (p. o.)— )1898 1899 1900 1901 1902
1903
>
5*12
On oommon
2
4
4
Incl. Aug., 5
On pref. (now retired) ) 5
4 4(Q.-M.)1 4
In 1902, Feb., 1 p. c; May, l 1* p. c; Aug., 1Mj p. c; Nov., l^j p. c; In
1903, Feb.,
p. o. and »* p. o. extra; May, 1*2 p. c; Aug.,l»«p. o.
Bonds.— Abstracts of the new Prior Lien and General Lien mortgages of 1896 were in V.C3, p. 1012-1019, and the statement to New
York Htock Exchange, was in V. 63, if. 1072, showing:
Prior lien 4"i,s purchasable with land sales at not exceeding 110 [but not subject to call], not over
$500,000 OMh yearly to be so applied. Total issue
$130,000,000
Issued and Outstanding
lorjoojoo
Reserved to retire Ht. Paul & N. P. and West. RR. bonds..
Sj7j,ooo
For new construction, betterments, mini pin cut. etc, under
carefully guarded provision*, but notexceedlng $1,500,000 per annum. Originally $25,000,000— still hold
iO.ooo.ooo
Of the $190,000,000 general lien bonds, $130,000,000 are marred
to retire the prior lien bond* at maturity and $4,COO,000 for now construction, betterments, equipment, etc.
The St. Paul ,t Duluth hirimtni mortgage secures $20,000,000 purchase money bonds on be former St Paul & Dulutli, of which $9,215,OOo were issued to aoqnlre the road, if *, 283,000 are reserved to retire
existing Ht. P. iv I), bond* and the balance for improvements to the
property
V. 70, p. 1250; V. 71 p. 1 167. The lands Included In the
grant of the former St. I'au) A- Duluth are estimated to bo worth
about $4,000,000, and were not eovi red by the old mortgagee, They
are to be sold and proceeds applied to purchase of the bonds at not
over LOS and Interest, or If not jiurchasable at. that price, then to betterments, Improvements or additions to the mortgaged premises or
equipment therefor. To July, 1902, $1,129,000 had been thus purchased and canewled. V. 71. p. 1167; V. 72, p. 889,
in land grant was 1 2, woo acres to the mile In the
LAJTD GSAJT]
r Minnesota and Oregon
end 28,600 acres per mile In the (then)
lnturuiedUto territories. The acres on J uue 30. 1902, not yet sold were:
Minnesota
175,306 Washington
3,655.751
north Dakota.
40,941 Oregon
207,073
Total
directly)
,
m
t
.
3
,
I
I
Montana
Idaho
12,260. i:)s
1,582,101
Total westof Mo. Rlv.17,926,466
1,
1,
1,
t
J.
iff.
2*
Q.-F.
A J.
A N.
A N.
A. A O.
Q.-J.
M. A S.
J.
g.
M.
M.
8
4
1,
1,
A A.N.Y.,J.P.MorganACo. Aug.
A O
do
do
Oct.
A J.
do
do
Jan.
A 8.
do
do
Sept.
A D.
do
do
June
To
A J. N.Y.Wlnsl'w.Lan'rACo. Jan.
Checks mailed.
Aug.
San Fran., Co.'s Office. Jan.
A
1,
1,
1,
1,
1,
1997
2047
1998
1921
1907
1931
1917
1914
1916
1968
1909
1. 1933
3, '03,
1,
He
1912
San Francisco. May 1, 1943
N. Y.
N.Y., Farm's L. AT. Co. May 1. 1923
Bait., 8. Dep.
Tr. Co
1949
Mech. Nat Bk., Wore July 1, '03, 2%
i
A
Boston, Co.'s
ofllce.
6 Coupon bonds J. A J.; registered bonds Q.-J.
U Coupon bonds F. A A.: registered bonds Q.— F.
Berlin at 420 marks per dollar. J 5,130 miles, including 40 miles not operated; spurs, 261 miles. * $702,000 add'l In treasury
Northern Pacific Railway.— (See Maps.)—Operates one
Dividend.
\
Q.-J. |N.Y.,J.P.MorganABer* Jan.
do
do
Jan.
New York.
A D.
Deo.
do
July
M.
N.
do
Jan.
i g
3 g.
I
Mortgage.
Div.
by;
$2,500,000
$1,000
5 g- A. A O. N. Y., Chase Nat. Bank. Oct. 1, 1945
100 155,000,000 See text Q p_ New York and Berlin. Aug. 1, '03, 1>«
M.3JC&X4
1,000
352,000
7
New York.
May 1, 1907
1,000
8,021.000
6g.
do
Feb. 1, 1923
1
1896 500 Ac 101,709,500
1896 500 Ac 56,000.000
1900
'8,054.000
1.000
1901 l,0O04o|215,780,OOO
1877
280,000
1,000
Prior lien M. $130,000,000 gold, ld.gr.IWe.o'&r See
Gen. Hen M. $190,000,000. g., land gr. F o'Ar See
226
P.-Dul. Div. pur. money M., $20,000,000. G.c*
C.B.AQ. col. tr.M., e. (red.aftJan/06 at 105)Gi\tr ....
15
1st M.Mlnn.ADul..Mlnn.toW.B.Lake,g.ass'd FP*
.
1877
1883
Bonds— Pnnclpal.When Dar.
Stocks— Last
INTERE8T OR DIVIDENDS.
Size, or
of
Par
For explanation of column headings, Ac, see notes of
Road. Bonds Value.
on first page of tables.
No.Ohio— 1st M., g. ($15,000 p. m.) gu., p.* l.Ce.o" 167
Northern 1'nciflc It;/.— Stock, $155,000,000
60i»
Western RR. Minn. 1st M., gold, assiunea
8t Paul A N. P. Gen. M., I'd grant, ass'd.Ce.o'&r 182
New mortgages of Northern Pacific Hi/.—
[Vol. LXXVII.
Men.
June
Land sales
In year 1901-02 aggregated 2,271,052 aores; net
received from sales and laud contracts, $2,335,889.
1,
30,
1927
1902
amount
General Finances.—The fixed annual charges of the property as
then constituted were reduced $4,770,206 by reorganization of 1896.
In 1901 the Northern Pacitto and Great Northern acquired $107,577,500 of the $111,200,000 stock ol the Chicago Burlington A Qulncy
RR. in exchange for their Joint 20-year 4 per cent gold bonds
secured by the deposit of the stock In trust, on the basis of $200 in
bonds for eaoh $100 stock. See circular, V. 72, p. 871, 1034, 1135;
application to list, V. 73, p. 294; V. 73, p. 610.
On Jan. 1, 1901, voting trust was dissolved. V. 71, p. 1013, 1016.
Earnings -Year ending June 30, 1903 Gross, $47,142,581, against
$42,339,972 in 1901-02.
Annual Report.— Report for 1901-02 in V. 75, p. 73 1, 978, 764
1901-2.
1900-1.
1899-0.
1898-9.
Yrs. ending June30.
5,100
4,714
4,579
Aver, miles operat.
5,019
Passenger earnings. $9,177,509 $7,247,000 $6,219,996 $5,050,356
Freight earnings.... 30,227,013 23,481,713 22,140,180 19,485,960
1.661,142
1,512,358
Mail, express, Ac...
1,982,853
1,832,270
Gross earnings.. $41, 387, 380 $32,560,984 $30,021,318 $16,048,674
Net earnings
$20,098,966 $15,920,840 $15,626,690 $13,699,222
:
Taxes
$920,352
$850,590
$750,133
$1,149,890
120,742
134,690
112,852
61,520
3,000,000
2,011,285
3.000.000
2,176,619
Netoperat'gincome.$15,828,333 $12,854,513 $11,663,247 $10,710,950
Miscel.. excl. land sales 843,765
685,521
743,787
1,001,607
Bal. for interest
$16,672,098 $13,598,300 $12,318,768 $11,712,557
Interest
$6,624,866 $6,395,681 $5,864,950 $6,079,273
Rentals, etc
Add'nsandlmp'ts..
Div. on pref. stock.. (2(1,500,000 (4)3,000,000 (4)3.000,000 (4)3,000,000
Div. on com. stock.. (5)6,999,946 (4)3,200,000 (3)2.400.000 (2) 1,600.000
Bal., Biir.for year $1,547,286 $1,002,619 $1,083,313 $1,033,284
Officers (July 1, 1902).— President, Charles 8. Mellen, St Paul,
Mban.; Vice-President, Dan. S. Lamont, New York; Sec, George H. Earl,
New York; Treas , 0. A. Clark, St. Paul. New York office, 49 WaU St
(V. 75, p. 978, 1355; V. 76, p. 331; V. 77, p. 147.)
—
Northern Pacific Terminal Company, of Oregon.— Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Alblna, comprising lands 270 acres, trackage 32 miles, dock frontage
7,904 feet. Station at Portland, Ore., opened 1896. V. 69, p. 230,441.
Lease.— Leased for fifty years from Jan. 1, 1883, Jointly and severally
to Northern Paolflo, Oregon Ry. A Navigation and Oregon A California,
with guaranteed rental to pay interest, sinking fund and taxes; leases
assumed in 1899 by new Nor. Pao. and Or. RR. A Nav. V. 69, p. 230.
Stock.—Stook ($3,000,0001 owned by said three oompanies (40 p.o.)
by Oregon Ry. A Nav. Co., 40 per cent by No. Paolflo and 20 per cent by
Oregon A 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.
Bonds.—The first mortgage Is for $5,000,000; in 1902 $4,120,000 had been Issued, of which $405,000 retired by sinking fund, drawings at 110 and interest V. 75, p. 135, 849; V. 76, p. 159.
Northern Seen rl ties Co.— Incorporated on Nov. 13, 1901, per
plan for harmonizing the interests of the Northwestern roads. See V.
73, p. 1011, 1062 and 1357. In April, 1903. the U. S Circuit Court of
Appeals declared the company to be a combination in violation of tho
Anti-Trust Aot, and therefore illegal; an appeal has been taken to the
U. 8. Supreme durt, argument being set down for Deo. 14, 1903. V.
76. p. 811,919, 1249.
Stock authorized. $400,000,000; par of shares, $100. About 99 per
cent of the $155,000,000 stook of the Northern Paolflo aud about 75
per oent of the stock [$123,880,400] of the Great Northern are owned
by the Securities Company, having been mostly exchanged on the
basis of $100 for $115 and $180, respectively, In Northern Securities
Co. stook to retire the entire stooks of both companies would require
$403,250,000 of Securities Co. stock. (See V. 76, p. 102.1
Dividends.— DIvldondB 1902, 4p. c; in 1903, Feb., 1>« p. c: May,
;
l^p. c; Aug.,
lie p.
o.
Bl i-oRT-Report for l.'l'.j months ending Dec. 31, 190?, with balance
sheet, was in V. 76, p. L098, showing: Dividends on stocks owned,
dh blends
$15,364,262; 6Xp
Bl and taxes paid, $512,510
(4 p. c ), 914,088,615) balance, surplus, 8768,107.
Earnings.— Gross earnings of 1 he 3 roads for the year ending June
80, 1908, were $151,554, 691. V. 77, p. 147. For the year ending June
30, 1902, as follows:
Total.
Or. North' ». North' n Vac. Chi. It <f Q.
;
18,377-81
5,019-36
8.109-08
62349*87
888,858,518 841,887,379 853,795,249 $134,041,137
78,995,498
taxes 20.R74.317 22,438,303 85,682,878
Net earnings.. ...$17,984,196 818,949,076 $18,1 2,369 $55,0
340.H04 _ 3,216,319
843,765
2,031,750
Mlsoellan's Income
Total net lncome$2O0l 6,946 $19,792,841 $18,458,178 $58,*«1,961
8,370,004 _^20,l 45,928
Fixed char.
ren '5.000.263 *6.745,607
$15,01 5,683 $13,047,234 $10,083,1 10 $38,116,033"
B lance
•Interest ($8,606,120) on Gt Nor.-Nor. Pao. Joint bonds not InAverinilesoper't'd
tiros- earnings
Oper. exp.
A
'
4
.
.
cluded.
Officers.— President, James J. Hill; Vloe-Presldent. John 8. Kennedy; Second Vloe-Presldent, George F. Baker; Third Vice-President,
—
.
July,
RAILROAD STOCKS AND
1908.]
105
130JMD8.
Honas—friatnOK mvil
pal.When Dae.
Where Payable, and by Stocks— Lsmt
INTEREST
RAILROADS.
:
Miles Date Size, or
Amount
When
Par
,'7", Y| n „
of
of
For explanation of column headings, Ac, see notes
f
Uutstauding R»t« per
CeQt
p>
Road. Bonds Value,
on first page of tables.
i
) 11
l
Whom.
_
j
L.— lstM.,$300.OO0,g.red.llOlnl0yrsTa
Ogden Mine Kit.— Stock (5 p.o.rent.Cen. of N. J.)
lfor.it St.
.
—
.
o*
Ohio <t Ky 1st M., g., s. f.. call atllO.Ce
Ohio dt Little Kanawha fly.— 1st M., $250,000, g.K
Ohio dt Mississippi— See Balt. A Ohio South
OAio River— 1st mortgage ($2,000,000), gold. FP.c*
Gen. M.($3,0O0,0O0),gold, 1st on 39 miles. FP.O'
Rav.8p.AGlen.lstM.,$400,000,g.,gu.,p.Al.l'Po'
Huntington A Big 8. IstM. ($400,000), gold, gu <••
Ripley AMlUCr.l6tM.g..flru.>*t.. end i'i« e ki
Oh.Riv. <*ire«<.-lstM.,*2,750,000,g.s.f.red.tc\t< »
o*
OUl Colony— Stock, 7 p. o., guaranteed by rental.
Bonds for Framlngham
Bonds not mortgage
Bonds, not mortgage
A
Lowell bonds
74
10
26
80
1,000
1.0O0
1.0O0
l.OOO
1.0O0
1,000
2,000,000
2,941,000
376,000
303.0OO
50,000
100
17,058,900
408,000
750,000
4,000,000
3,000,000
5,100,000
issti
11
1892
1HSM
1903
13
111
1SS7
1S1KI
ms4
lssl
lKs*
1KD4
1S95
r
r
NH
$100,000
450.0O0
250,000
228,000
169
209
33
o
Bonds, not mort. (authorized $3,000,000), g...o*r
o*r
Bonds, not mortgage
Boston Clin. V. A N. B. mortgage.
Bonds, not mortgage.
Omaha Undue J Terminal Ry.— 1st M. ($5,000,000)
Oregon <* Oaf.— 1st M.. g.dr'n at 100 gu. p.Al. Uu.O*
1901 $500Ao
lOO
1,000
1896
1,000
1900
125
1^0
1893
1887
1896
1,000
lilt. X Navigation— Common stock
Preferred stock, 1 per cent, non-oumulatlvo
Consol. M. mow 1st) 924,500,000, gold N
o* 1,063
Oregon short Line Hit. —Common stook
600
Or. Hli.!.. 1st M, n. & 1., gold— see V.63.p.602...o*
Utah A Nortirii 1st mort., $12,000 per mlle....o* 477
477
('on. If. .era., $15,000 p. m., s. f. notdr'n.g. A Bo*
Con. IstM., $36,500,000, g. (IstM. on 400m) .«.c* 1,479
Four p.c. and jmit ic. gold bond*, dm. lO'i^.c/Ar
Income bonds, Series A. 5 p. o., non-oum.OB
Series B, non-cuni..TIo
do
Oreg. <i So. E.— lut M.. $300,000, g., red. llO.s.f.No
100
100
100
1882
1878
18S0
1897
1902
1897
1897
1902
1,000
1,000
1.000
500 Ac.
l.OOOAo
500 Ac.
500 Ac.
500 Ao.
D. Willis James; Fourth Vice-President, W. P. Clougli; Seoretary and
Treasurer, K. T. Nlohols; General Counsel, W. P. Clougli.
Directors.
D Willis James, Bamnel Thome, James J. Rill, K. T, Nichols,
Ceoru'ti K. liuki r. Robert Bacon. George \v. Perkins. Daniel si. Lament, k. ii.
iiiirriiniin. Jaoob H. -dim. James Btlllman, W. P. Gloosh, Qeotge 0, Clark,
Jolin S. Kennedy ami N. Tcrtiiilie.
—(V. 76, p. 010, 1028. 1241), 1301, 1356; V. 77, p. 147.)
North Shore Kit. (Narrow tJauge)—Owns San Kranolsoo to
Cazadero. ^7 miles; branches to San Kafiiel and Mill Valley, 4 miles;
leases to Sun ijucntin, 3 miles; total operated, 94 miles, Including
ferry to San Francisco. 6 miles. Of the road, Sausollto to Mill Valley,
Fairfax and San Rafael, 254 miles, was belngelectrlcally equipped and
standard gauged June. 1902. V. 74, p. 1252. Successor May, 1902, of
North Pacific Coast KK„ purchased by syndicate composed of R. R.
Colgate. R. M. Ilotallng. William M. Plerson. C. A. Grow, E. J. De
Salila Jr. and John Mai tin. V. 74, p. 94, 152, 327.
Stook issued, $6,000,000, par $100. Of the $6,000,000 5s of 1902
(Mercantile Trust Co. of San Francisco, trustee), the present issue is
$3,500,000. of which $1,500,000 were reserved to retire the North Pacific, Coast 5s at or before maturity, the balance being issuable as
required for extensions aud Improvements. V. 74. p. 1252.
Gross, $166,541; net, $70,751
Latkst Karni*<;8.— 3 mos., > 1903
Mar. 1 to May 31.
< 1902.... Gross,
129,385; net, 49,482
Surp. over 3 mos. charges, $29,951 in 1903, agst. *23,178 in 1902.
For year ending Deo. 31 1902, gross, $524,223; net, $183,986; Interest and taxes, $124,320; bal., sur. Tor year, $59,666. In 1901, gross,
(V.
474, 401; net, $102,636. President, John Martin, San Francisco.
f4, p. 252; V. 76, p. 332, 865.)
Northwestern Coal Ry.— Allouez Bay, Wisconsin, to Allouez
Junction, Wis., 2'53 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guarantees the bonds. See offiolal statement, V. 71, p. 698. Capital stock,
1,000,000. For year ending June 30, 1902, gross, $25,615; net, $8,S 71; Int. and taxes, $11,839; bal., def. for year. $3,468.— (V. 71, p. 698.)
.
—
Northwcat.—See Chicago A North Western.
Northwestern UK. of South Carolina.— Wilson
Mill, 8.
C.
via Sumter, to Camden, 61 miles, of which Sumter to Camden completed 1900; branch, Millard to St. Paul, 4 m.; trackage, 4 m.; total,
69 miles. Stock, $100,000. Livldend 6 per cent paid Deo., 1900
and 1901. Year ending June 30, 1902, gross, $82,453; net, $41,839;
taxes, $3,950; charges, $11,400; dividends, $6,000; bal., sur., $20,490.
RR.—
Owns from Norwich, Conn., to
Norwich de Worcester
Worcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
72 miles. Also owns entire capital stock ($500,000) of the Norwich A New York Transp. Co., operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N. H. A H. RR. sinoe July 1, 1898; rental is 8 per cent on preferred stock.— (V. 69, p. 1194; V. 70. p. 76, 125.)
Norwood St. Lawrence
Norwood to Raymondville, N.
Y., 74 miles; opened Nov., 1901. Stock, $100,000: par of shares,
$100. Bonds are sublect to call at 110 Apr. 1. 1912. President, (lias.
H. Remington, Watertown, N..Y.; Sec, Francis M. Hugo; Treas., Warren F. Howe.— (V. 74, p. 1090.)
Nypano
V. 63, p. 2*0; V. 67, p. 223.
'Owns Nolan's Point (Lake Hopatcong) to
Ogden Mine
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1, 1882, to Central RR. of N. J. for 5 p. 0. per annum on capital
•took and $500 yearly for organization expenses.
total,
A
RR.—
RR.—
RR.—
Ogdennburg A Lake Champlaln Ry.— See Rutland RR.
Ohio Connecting RR.— V. 75, p. 981, 1 100; V. 76, p. J19.
Ohio A Kentucky Ry.—Owns from Lex. A East. Ry. at Jack-
son, Ky., to cannel coal fields in Morgan Co., Ky., 26 m. Operated by
Lex. A East. Ry. since late In Oct., 1901. Coni. stock, $200,000; pref.
itook, $100,000; bonds as above, $250,000; junior securities to be
taken by stockholders, $175,000. The bonds are guaranteed In the
Kentucky Block Cannel Coal Co. Pres., W. de L. Walbridge, 1 B'way,
N. Y.; Sec and Treas., M. Baxter Jr.
Ohio A Little Kanawha Ry.—Zanesvllle, O., to Marietta, etc.,
80 miles. V. 69, p. 907. Acquired by Bait. A Ohio, wldch has pledged
under its Pittsburg Lake Erie A West Virginia mortgage $5
oommonand $824,000 pref. stock. V.73, p. 1264. Stook, outstanding.
common, $918,000; preferred, $1,167,500. la year 1901-02, gross,
$188,718; net, $43,191.— (V.73, p, 1161, 1264.)
Ohio River Kit.— (See B. <t O. Map.)— In July. 1901, purchased
by the Bait. A Ohio RR., which has pledged $5,884,400 of the $5,915,430 capital stock as part security for Its own Pitts. L. E. A W. Va. 4a.
Report.- Year ending June 30, 1902, gross, $1,559,152; net, $585,942; hit, $252,536; bal., son, $333,406. Earnings since July 1, 1902,
are Included In those of B. & O. Report for 1900 In V. 72, p. 985.
Gross. Op. ex. dt taxes.
Jear Dee. 31:
Net.
Int., etc.
Balance.
1901
$1,517,934 $1,014,469 $503,465 $287,774 $215,691
1900
1,453,018
981,863
471,155
290,099
181,056
-(V. 72, p. 985; V. 73, p. 83,237,287.)
Ohio River A Wentern Ry.— Seepage 173
Old Colony RR. (Hans.)— Owns road from Boston to Provlnoetown, Mass., Newport, R. I., etc., 508 miles; leases. 108 miles.
Lease.— In 1893 leased to the New York New Haven A Hartford
for 99 years. About $5,500,000 of the stock, included In table above,
A.
(?.
J.
J
g.
M.
a
a
g,
6
g.
g.
5 g.
7
44
A
A
'hlla.,608 Chestnut 8t.
J. Phlla
W • » * uiu €»' i n a »
N. Y., 1 Broadway.
J
A
8.
D.
l,
N. Y., Kulek. Trust Co.
Men.
1,
1950
N.Y., Central Tr. Co.
Jane
1,
1,
1,
1,
1.
1936
1937
1920
1922
1908
1,
1,
1904
1904
1938
1924
1925
1910
1932
1943
1927
.
do
do
4
5
5g.
In '03 J.
1
g
J.
mostly
A
A
A
A
A
A
A
F.
I
5
g.
5
*
J.
J.
J.
A.
K.
A.
A
Aug.
July
Aug.
1933
July 1.03,
Apr.
July
J .in.
I,
Deo.
1.
1,
1,
1.
1\
Pacific.
N. Y., 120 Broadway.
J.
J.
J.
o
See text F.
A.
5 p. o. In Sepf 02
4 In 1902
Oct.
5
191'6
Boston, N. E. Trust Co. Jan
Treas. office, Boston.
July
Prov. L. AT. Co., Phlla.
L,
N. Y., South Pact tie Oo. Julv 1.
N. Y. Office, 120B'wa\. July 2,'
do
J.
do
July, 11103, 2
D. New York & Germany. June 1, 19
wned by Union
g-
6
Office.
do
do
do
do
do
4*
4%
Apr.
,
Boston,
.Qt-J
4
3
do
do
New York
or Phlla.
A. Phlla.. E. W.Clark A Co.
A. N. V C'intln. Trust Co.
J.
1932
July
uij
O.
A.
1,
July, '03,2 »«<W
«i
. ,
.
4
111,031,000
Dividend.
CltyN.Bk.Wafrfn.N.Y Apr.
ItyN.Bk.Wafrt'n.N.Y
OK
5
24.0O0.0O0
1 1 ,000.000
21.482,000
27,460,100
14,931,000
4,993,000
1,802.000
12,328.000
41,000,000
7,185,000
14,841.000
200,000
O.
A
A
A
A
A
A
•
5*
1,000,000
1,000,000
1,000
1,000
Oregon
O
5
U '.',000
1.'.
1902
21
g.
5
(t)
1,000
1,000
1.C00
1,000 Ac
1.000 fee
1.000
667
5
O. N.
do
do
do
do
do
do
Y.No. Amer. Tr.Co.
do
do
do
do
do
do
Feb.
July
July
July
Aug.
July
July
Apr.
1,
1,
1,
1,
1,
1,
1,
1.
1922
1908
1926
1946
1927
1946
1946
1922
held by the lessee. The lease provides for dividends of 7 p. 0. per
stook not exohanged. V. 56. p. 247, 374. Stock author$20,000,000. In Feb., 1903, $050,000 additional stock was authorized, of which $300,000 was sold, raising amount to $17,408,900.
\ '.76, p. 480.
In June, 1902, issued $1,000,000 of 3 4 per oent bonds.
— (V. 75, p. 78, 135; V. 76, p. 480, 594, 654.)
Is
annum on
ized,
Orange A Northwestern Hit.— Buna to Orange, Texas, 30
Extensions are proposed, making 385 miles In all, Including
one from Buna to Sbreveport, 150 miles. Stock authorized. $400,000;
outstanding Jan., 1903, $200,000. In April. 1003, the Railroad Commissioners of Texas approved the Issue of $23,000 bonds per mile on 30
miles. President, I* Miller; Seo. and Treas.. W. W. Reld; Gen. Mgr.,
C. W. Hole. Office, Orange, Tex.— V. 76, p. 1 1 14
Oregon A California UK.— (See Map Southern Pae.)— Portland,
Ore., to California State line, 367 miles Albany Juno, to Lebanon, 12
miles; Portland to Corvallls, 97 miles; Woodburn to Natron, 93 mile*;
Portland, Ore., to Airlee, Ore., and branch, 85 miles. Total. 654 miles.
Lease, etc.— Leased to Southern Pacific Co. for 34 years rrom August
1, 1893, the lessee guaranteeing Interest on the bonds, and the lessor
receiving any net profit and being oharged with any detlcit after payment of charges. Betterments are payable by lessor. Southern Pacltio
owns the bulk of the $19,000,000 stock, $12,000,000 of which Is 7 p. o,
miles.
(
|
;
V. 72, p. 287. Due 80. Pao. Co. June 30, 1902, $4,985,790.
Bonds.— Land grant was about 4,000,000 acres, part of which
pref.
is
covered by the mortgage, proceeds of land sales going to redeem bonds
isii iject to call at par).
The Southern Pacific guaranty of principal and Interest is printed on each of the 5 per cents.
In 1901s02 net
land sales sublect to mort. were $1,484,299. See V. 63, p. 754.
l.vrisT Earnings.— 10 m., > 1902 3. Gross, $3,273,502; net,$810,886
July 1 to Apr. 30.
2,872,192; net, 854,345
s 1901-2.Qross,
Earnings.— Year ending June 30, 1902, gross. $3,504,911; net,$l,016,095; interest, taxes, etc.. $1,260.574.— (V. 76, p. 1144.)
Oregon Improvement.— See Pacific Coast Co. (Mlsoell. Go's).
Oregon Railroad A Navigation.— ( See Map Union Pae.)—East
Portland, Ore., to Huntington, Ore., 408 m. Umatilla, Ore., to Spokane, Wash., 245 in.; branches 425; leases 2 m.; total, 1,075 m. of
which 19 narrow gauge; river division water lines, 375 miles. Ocean
line to San FTanclsoo. 660 miles. V. 63, p 969; V. 71, p. 391. 603. In
Aug., 1902, oontract was let for extension from Rlparla, Wash., to
Lewlaton, Idaho, 71 miles, to be oompleted in Aug., 1903.
Organization.— Organized in July, 1896, per plan In V. 61, p. 325
and V. 62, p. 41. Controlled by Union Pacific Ry., directly and
through Or. Sh. Line. Owns $700,000 first 5s (entire Issue) of Columbia Southern Ry., Biggs, Ore., to Shaniko, 71 miles. V. 73, p. 1363.
Stock.— In October, 1899, the U. P. Issued its common stook to
retire, $ for $. the $7,718,600 Or. RR. A Nav common stook not
owned by the Short Line Co. and its preferred stock to retire the $11.000,000 Or. RR. A Nav. pref. stock.— V. 69, p. 492, 597. In July, 1902,
all except $38,21C common and $16,954 preferred stock was owned
by the Union Pacltio system. V. 70, p. 177.
Dividends.—On preferred: 1897, 2 p. 0.; 1898 to Jan., 1903, both
inclusive, 4 p. 0. yearly. On common paid 1% July 2, 1898.
Bonds.— The consolidated mortgage of 1896 (abstract V. 63, p.
928; trustee, New York Security A Trust Co.) covers all the property.
Of the $24,500,000 authorized, the bonds unissued are mostly
reserved for the construction of additional road at the rate of not more
than $20,000 per mile of constructed road. V. 74, p. 206.
Rkpokt.— Report for 1899-1900 in V. 71, p. 960.
;
.ur end.
Rail lines
Water lines
June iO—
1901.
1900.
1899.
$7,542,954
$6,683,115
$6,258,282
849.346
839.277
7 17,697
Gross earnings
$8,392,300
$7,522,31)2
$7,005,979
Net earnings over taxes
$3,688,543
$3,522,003
M48.790
-(V. 72, p. 45, 184 V. 74, p. 206, 380, 830, 884; V. 75, p. 290.)
orecon Short Line RR.— (SeeMap Un. Pat.)— Granger, Wyo., to
Huuilngton, Ore., 542 m.; branch to Ketchura, Idaho, 70 m.; Ogden to
McCammon, Idaho, 111 miles; Pooatello to 811ver Bow, Montana, 256
miles; Lehl Junction to Tlntlc, Utah, 54 miles; Ogden, Utah, to Friaoo,
276 miles; sundry branches, 173 miles; Butte to Garrison, Mont.. 57
in., owned, but operated by Northern Pacific; total June 30. 1902,
1,740 miles. Branch from Corwiue. Utah, to Malade City, Idaho, 48
miles, was under construction in July, 1
\
;
On June 30, 1903. the portion of the main line from Salt Lake City,
Utah, to Callentf s. New, 340 miles, included above, with some branoh
mileage and additional completed road south or Calleutes, about 550
miles in all, was taken over under purchase by San Pedro Los Angeles
A Salt Lake Ry. V. 76, p 919 1856; V. 77, D. 38.
Extension of 8t. Anthony branch to Yellowstone Park, about 75
miles, was also proposed.
>kt.—Successor March 16.1897, of the Oregon Short Line A
Utah Northern Ry., foreclosed per plan In V. 62, p. 504, 505. Controlled by Union Pacitlo, whlcn holds nearly the entire capital stock
and the greater part of the Income A and B bonds. V. 75, p. 1032.
c vrtTAL Stock.— Authorized $27,460,100, of which new Union Paclflo
Ry. Co. has aoqulred $27,450,100. V. 6-i, p.188,381,474.
Bonds.— Of the $36,500,000 new first consols, $22,029,000 are reserved to retire at maturity the loans not disturbed
.
—
2
SUPPLEMENT.
INVESTORS'
lOti
RAILROADS.
I
•
]
<£ Syracuse- Stock, 9 p. o. guar., D. L. A W.
Consolidated mortgage (guar. D. L. & W.) F
Construction M., guar, p. A 1. (for $1,000.000) F
Oicensboro et Xashrille—liit mortgage, gold.
Ozark <£ Cher. Ci a*.— let M., g.. red. 107»a.ss»
fanam a— Stock
1st M.,$4,000,000, s.f.,g,red. at 105(text).<
Subsidy bonds., g., drawn at 100. See V.64,p.705.o*
Paterson d Hud.Rir.-~ 8tk., 8 p.c. rent. N. V.I.K.vW
Palerson <t Ramapo— Stock (rental guarantee)
Pemigetcasset Valley RR.— Stock (rental guar;
Pennsi/lrania lilt.— Stock, $400,000,000 Tr
General mort. bonds, $1,000 and JB200 each, .cat
Oswego
.
.
.
<
|
35
35
35
88
1-14
i
c
Ponds
W. AB. stock as
(P.
Collateral trust loan, gold
,
collateral)
i
not drawn
... o-
Gold bonds, redeemable,
text, convertible «;P.e
Wllk., 1st, Ser. A, drawn at 100 .c
Sunb. Haz. A
2d mortgage, Income
oat
Sun. & Lewis.. 1st M, $600,000, p.A L, g.CiuFC
Westchester, 1st mortgage, assumed
West. Pa., consol. mort., sold. assumed.. PI P.c*
River Front, 1st mortgage, assumed
Equip. Tr. gold bonds (8. f. 5 p.c.) not drawn
C
Penn. Rolling Stock Trust, $300,000 paid yearly
Penn Car Trust. $300,000 paid yearly
.
x On coupon bonds
J.
A J.:
1881
1903
•1-
48
.
Currency registered bonds
r
Currency coupon bonds
Sterling bonds
c
Gold registered bonds
Gold ooupon bonds
Gold sink, fund, 1 p. o., not drawn, .c"
[ Sterling (s. f. In 1900) not drawn. c \tr
$50
1876
1883
1897
1880
"l4
14
857
85"
1,000
1,000
1.000
1,000
100
1,000
1,000
1867
1875
1875
857
857 1873-4
857 1879
857 1879
857 1893
857 1895
1881
1883
1902
43 1878
43 1878
56 1896
5 1879
138 1888
462 1882
1889
1898-9
1899
on registered bon ds A. AO.
*200
1,000
1,000
1,000
£200
1,000
1.000
500 Ac.
100 Ac.
100 Ac.
1.000
100 Ac.
1,000
1,000
1,000
1.000
1,000
a Incl
Series a, Incomes, uiiu cumulative o per ceui", nave received: In
i
A, incomes, non
5
cent*, have reoeiveu: in
189 4 p. c; Sept. yearlv since, the full 5 per cent, at Guaranty
897,
Trust Co, NY. or Old Colony Trust. Boston. V. 6*. p. 492.
:o.,
Oregon RR. A Xavlgation stock, viz., $16,281,400 common and
Jn *.
$976,900 preferred, is owned and pledged as special security lor
the Series B incomes, but dividends thereon are to go to the Short Line
company except as needed to pay to Series B their full Interest. In
Oct., 1898, 3 percent and in Oct., 1899 to 1902, Inclusive, 4 per cent
yearly was paid on the Series B incomes. V. 65, p. 572; V. 66, p. 1141.
The Union Pacific owns $6,674,000 of the $7,185,000 Income "A"
bonds and $14,688,000 of the $14,841,000 "B" bonds.. V. 70, p. 176.
In 1900-1901 $78,108,000 Northern Pacific stock was purchased and
exchanged for $82,491,871 Xorthern Securities Co. stock and $8,900,007 cash (V. 75, p. 1196). All of the Northern Securities stock has
been deposited as collateral for an equal amount of "participating"
bonds (see below), the latter, together with the cash mentioned, being
given to the Union Paciflo RR. for advances.
The "4 per cent and participating 25-j ear gold bonds" of 1902
(Equitable Trust Co. of New York, trustee), are limited to the amount
of collateral, vis., North'n Securities Co. stock, pledged with the trustee. In addition to the fixed Interest at the rate of 4 per cent (gold)
per annum, the holders are entitled on Feb. 1 of each year, begin
ning 1904, to any cash dividend paid during the preceding calendar
year upon the deposited collateral in excess of 4 per cent on the outstanding bonds. The entire Issue or any part (when drawn by lot) is
suhjeot to call at 102^. Amount sold $41,000,000. the $41,491,000
additional bonds issued being held by the Union Pacific. See also
Union Paciflo RR V. 75, p. 136. and abstract of mortgage. V. 75,
p. 243; V 76, p. 383. In Feb., 1903. the quarterly dividend pa'.d on
Northern Securities stock was increased from 1 to l>«p. c. V. 76, p. 213.
Latest Earnings. -For 5 months ending Nov 30, 1902, gross,
$5,244,530; net, $3,021,504; other inoome, $1,394,023; charges,
2,573,417; balance, surplus. $1,842,110. For 11 mos. ending May
f 1, 1902 (1,438 average miles), cross earnings, $10,122,259; net,
$5,260,214; otber Inoome. $3,284,304; fixed charges, $4,910,375; int.
on open accounts, etc., $993,454; bal., but., $2,640,688.
1P99.
Tear ended June 30—
1901.
1900.
Gross earnings
$9,673,279 $8,578,398
$7,577,108
exp. and taxes 5,012,274
Net earnings over
4,473,464
3,778,280
Financial Office, 120 Broadway, N. Y. City.— (V. 76. p. 919. 1356.)
,
Southeastern
6c
RR.—To extend
from Cottage Grove,
Ore., to the Bohemia Mining Distri t, 36 miles, of which Cottage
Grove to Rocky Point. 14 miles, completed in Jan., 1903. Branch from
Waldron to Robinson. 6 miles, is also proposed. Stock authorized,
common, $500,000;
preferred 7 per cent cum., $500,000; outstanding,
$400,000 of each; par of shares, $100. Bonds, see table above.
President, Geo. W. Crosby, Atlantlo City, N. J.— (V. 75, p. 135.)
RR.—
Oswego 6c Syracuse
Owns from Oswego, N. Y., to Syracuse.
N. Y., 35 miles. Leased in 1869 during length ofoharter and renewal
thereof to the Delaware Lackawanna A Western Railroad Company for
©percent per year on $1,320,400 stock and Interest on bonds.
Ottawa Northern
6c
Western Ry.— See
Canadian Paciflo Ry.
Otis Hj. -Otis Jet. to Otis Summit, N. Y., 1-35 miles. Successor
June, 1899, to Otis Elevating Ry., foreclosed. V. 69, p. 81. Stock, $65,000. Bonds, $71,000 lstM.40-yr. 5s, dated July 15, 1899, all outstanding.
Year 1901-02,
bal., def.,
$1,156.
Owensboro
6c
gross, +9,515; net, $2,799; int. and taxes. $3,955;
Pres., Chas. L. Rlckerson, N.
(V.69, p. 81.)
Y—
Nashville Ry.—OwnB from Owensboro, Ky.,to
Adalrvllle, Ky., 84 miles; Mud River Branch. 4 miles. Operated by
Louisville A Nashville Railroad, which owns the $1,156,518 stock (par
8100) and $1,200,000 of the first mortgage bonds— all these bonds and
moat of the stock being pledged under its trust deeds.
Ozark * Cherokee Central Ry.— Owns
OkmiiUec,
Fayetteville,
Ark,
to
T., 144 miles. Including steel bridge over Arkansas Klver
"it Glbaon, i. T.j extension! are under construction from PayI.
Jasper, Ark., Okmulgee, LT„ to Oklahom
O. T., and Muskogee, I. T ., to Fort Smith, Ark total to be about 400 rh.
outs A Him FrsnoiBco, which
0, all owned by the Ht.
Btocl
opt rates the toad a- pari of it - Central division, 'ill $9,000,000 new
40-year r> pec oenl (told bond* were need to take up $2,780,000 old
bonds, balance rest r\ d for extension ..f main line and c instruct ion of
brandies. See v 76. p. 865,919. President, H. W. Seaman, 8t, Louis,
etteviiie, Aik.. to
;
i
.
•
t
Mo.
«V. 76,
1>.
102, 865,919, Mils
Panama RR.— Colon
to
)
Panama and
I. a Boca, 50 miles, 5-foot
to be purchased by tl:
majorltj
0) or capital
ItOOk. V. 76, p. 834, In June. 1902. made a new traffic agl
for three years w itii the I'neiiic Mt.li Steamship Oo. v. 74, )> i
'89 '80 *91 ".»2 »98 '94-00 '01 *02 '03
DrviDBwna. y*
9
5
5
9
9 NonoMar.2 4 Apr.,
In 1902. June, 2 pax cent; Sept., J pet
of W17 u for $ l.OOO.OOO
mortgage
sinking fund
Is $150,ooo yearly and bonds may be drawn lor s. f. at 105;
he entire
iay be called for paymenl on and after April 1, 1903, at 105.
description In v. 60 ,p. 1043.
The subsidy bonds are seeured by an assignment and pledge
tlonaMa to the trustees of $225,000 annually, of
made by the
the annual subsidy or rental to that extent payable to said government
gauge. The Panama Canal Co.,
Government In April, 19(3, owni
t.hoiit
a
I
•
Cent.
9
$1,320,400
7
438,000
5
668,000
2.000.000
6 g.
3,030,000
5 g.
7,000.000 See text
2,364.000
4>a g.
81)9,000
630,000
298,000
'Too
541.500
50 301,171.700 6 in
19,997,820
$ or £
1,000
1,000
;
1
1,961,000
2,757,000
22.762,020
3,498,000
1,500.000
2,825,000
4,850,000
7,702.000
9,900.000
20 697 5
al, 000,000
]
Rate per
50
8ept.,
Oregon
Outstanding
Bona*— prinoi
INTERE8T OR DIVIDENDS.
When Where Payable, and
„_
Miles
For explanation of column heading, Ac, see note*
of
on first page of tables.
Road. Bonds Value.
8*
,
A
A
A
M.
M.
A.
A
A
A
4
A
A.
M.
J.
<fc
I.
F\
J.
J.
Paterson, X. J.
A.
Tre's.off., Concord, N.H.
Philadelphia, Office.
do
M.&N^y
July, 1903,
do
July,
& J. Phlla. office and London
Philadelphia, Office.
8.
A 8.
do
do
& N. N.Y., Farm's L. AT. Co
A J. N.Y..Far.L.AT. & Lon
A J. Phlla., Pa.Co.for Ins. Ac
A D. Phila.,Prov1d tL.AT.Co.
A N. Ph. A Am. Ex. Bk. NY.
A N. Phlla., Broad St. Stafn
AX.
do
do
A J.iX.Y..Am.Ex.X.Bk.APh
A 8 Pblla., Broad St. Stat'n.
AD.
do
do
A X. Phlla., Co.'s Office.
A 8. 'Phlla.. Glrard Tr-nat Co
J.
Q.-M.
-M.
M.
M.
J.
,
4>*g. J.
I
A W. RR Aug. 20, 1903
do
do
Mch. 1. 1907
do
May, 1923
do
X. Y.. 120 Broadway.
Xov. 1, 1931
O N. Y., Chic. & St. Louis Apr. 1. 1943
X. Y., 24 State St.
Apr. 3/03, .%
O.
do
do
Oct. 1, 191/
N.
do
do
Xov. 1. 1910
8.
N.
X.
See x Phlla. Office & London
Q.-M. ,j Philadelphia, Office,
I.AD./j
do
do
3»ag J.
1,350,000
500.000
5
75,000
4 g.
4,000,000
212,000
4H
4 g.
2,728,000
3i* g.
3,600,OfO
3*« g.
2,100.000
ud nt: $155, 900 bond
Due.
stocks— Last
Dividend.
F.-A..20 X. Y., Del. L.
M.
6
1902
6
6
6
6
5 g5 g.
4 g.
4
pal. When
by
Whom.
Payable
8
3»ag.
5
6
4 g.
LXXYII.
[Vol.
\L
M.
M.
J.
M.
J.
1
M.
M.
Q.— J.
day 29, 03, 3
July 1, 1910
June 15, 1905
June 15, 1905
July 1, 1905
Sept. 1, 1919
Sept. 1, 1919
May 1, 1943
July 1, 1948
July 1, 1921
June 1, 1913
Xov. 1, 1912
May 1, 1928
May 1, 1938
July 1, 1936
8ept, 1919
Jane 1, 1928
May 1, 1912
Sept. 1, 1914
Oot., 1903-09
do
do
do
do
i
Q.-F.
s
4%
1903,4%
Aug, 1903. 3%
Xov., 1903-09
held a live In sink. fund.
by the company, and are drawn and paid
any surplus of the subsidy not needed
off
on November 1 yearly with
$180,000 bonds
for interest;
now in treasury. See statement as to subsidy bonds
Annual Report.— The report for 1902 in V. 76, p
in V. 64, p. 705.
807, showed:
8urplus,
Xet RR.
Set of
to Dec.Zl. Earnings. Earnings. Steamships. Oharacs. Incl. Other Inc.
$1,239,34t $644,635
1902
$23,122 $830,409
$295,384
1901
259.590
1,365,171
739,909 loss 143,374
835.809
The charges above in 1902 inolude Subsidy payment $25,000; interest on bonds. $172,002; redemption of bonds, $302,890, etc.— (V.
74, p 95, 827, 1090, 1252; V. 75, p. 550; V. 76, p. 332, 807.)
Paterson 6c Hudson River.—Owns from Marion. Jersey City,
N. J. (south of Bergen Junction), to Paterson, N. J., 14 miles, double
track. Leased in perpetuity, at $48,400 per year for road, $5,000 for
land in Jersey City and taxes, to Erie RR., forming part of main line.
Paterson 6c
Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of main line of Erie RR.,
to which leased Sept., 1852, during legal existence, at $26,500.
Pecos Valley 6c Northeastern Ry.— Road. Owns from Pecos City, Texas, to Amarillo, Texas, 370 miles. In Dec, 1900, the
Atchison Topeka A Santa Fe acquired over 97 per cent of the $2,916,000 bonds (50-year gold 5e of 19*8) and 97 per cent of the common
and preferred stocks ($3,162,000 each), but the road will be operated
independently for the present. V. 72, p. 88. 137; V. 73. p. 736.
Report.— Year 1901^02: gross, $617,779; net, $187,137: otherlnoome,
$2,367; int. on bonds, $145,800; surplus, $43,703.— (V. 73, p. 900.)
Pemlgewasset Valley
Plymouth, N. H., to Llnooln, N. H.,
23 miles. Leased to Concord & Montreal for 6 p. 0. on stock, and Is
operated by the Boston A Maine.
(See Map).— The system, as shown on the adPennsylvania
joining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie. Cleveland, Toledo, Chicago and Burliiigton on the
north, and to Washington, Cincinnati, Louisville and St Louis o~ the
south. The total system on Jan. 1, 1903, aggregated 10,556 miles, of
which 3,661 miles represent the mileage operated directly under the
caption "the lines east of Pittsburg and Erie" and 2,983 miles the
mileage operated directly under the caption "the lines west of Pittsburg and Erie," the latter being more fully desoribed under the title
Pennsylvania Company and Pittsburg Cincinnati Chloago A St. Louis.
The balance of the system is operated independently.
HOt*.
East of Pittsburg «fc Erie.
_ . _ „
_,.
„
„
Main Line and BranchesMiles. Other lines (Inolud. D. A R. Canal.
Philadelphia to Columbia, Pa
81
Gross RR.
Tear
:
Ramapo RR.—
—
RR.—
RR.—
,
Philadelphia, Pa.. to New Boston,
210
eto
HarrisburK. Pa., to Pittsburg, Pa. MS
2t«5
Branches and spurs
Total main line and branches..! 884
Lines operated by lease or contract
Har. Port*. Mt. Joy
A
Lan. Klt.1
Dillersvill*' to Harrisb., Pa.,etc.
Tyrone A Clearfield Ky
Western Pennsylvania" KR.T
United New Jersey KK.1
Trenton to Jersey City, etc
Philadelphia A Trenton" RK.t
Alleabeny Vallev Ky.T
\V( 1st. New York A Penu1_
Connecting Uailwayl
Lines operated under contractual.
I
Bagle Vallev
1(11.1
Cambria .V Clearfield Klt.t
Southwest Pennsylvania Ky.T
Pittsburg Va. A Charleston Ky.T.
Helvulere Delaware IIK.T
Philadelphia v Long Branch Kit.
Delaware River R 11. A Bridge!....
Philadelphia* Krie RR.1
Organization, Leases,
53
142
183
14i
26
2fll
548
38
93
105
12fl
82
81
49
10
.
Total In Penn. Hit. statistics.3,061
Trackage
ttt
Reported separately—
Phil. Baltimore A Washington!.. 718
Northern Central Ry.T
460
West Jer. A Seashore RR.T (incl.
ferries, 2 m.)
813
.
Cumberland Valley RR.T
Long. Island
West
ot
(T
168
896
1
BaluChes. A Atlantlo Ry
Oread total east of P. A K
88
5.818
Pittsburg 6c Erie.
—
See each Co.)
Reported Directly
.Vilw.
Ohleaco A St. LoutsT... 1.646
.1.S3S
Pennsylvania c<>mi><ini HnesT
Total reported directly
VJ.«8 i
Pitta. Ciu.
Reported SeparateltIs A Indiana llnesT
582
Terre Haute A Indianapolis?
«T3
Other lines (see Pa. Oo.statement) 606
Total system Jan. 1, 1903.
10.6:t5
(irand Rani
:«>7
Ac— The
charter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company control*
all the lltiCH west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all Its stock. In 1900-1 the Penn. RR. purchased a large Interest In the stock of Baltimore A Ohio RR., Chesapeake A Ohio Ry
«na Norfolk A Western Ry. V. 70. p. 76,
72, p 481,
In 1900 acquired most of the ntock and Income
581; V. 76, p. 1-1
bonOB of the Western N. Y. A Penn. Ky. V. 72. p. 1-1
The Baltimore dr. Ohio, togethor with the vanderhllt Inter*
1901 02 came Int > virtual control of the R.-adlng Co. V. 7<>. p,
The Western New York A Pennsylvania Ry. and the Allegheny Valley Ry. were taken over under lease August
1,
11)00, adding
about 829 miles to the system proper. V. 72, d. 491. In May, 1900,
purchased a majority of" the Ixmg Island
stock. V. 72 'p. 481.
On April 1. 1902, Schuylkill a Juniata was merged, V.-;G.p.484,
The western Pennsylvania ainl other toad- oonneoung with the main
line were merged Apr. 1. 1908, V. 76, p. 486,
!
RR
•>ki>.— The total cost Of these to January 1, 1903, waa
$22ft,91H 8 _'.">,iuany of which are pledged to secure Pennsylvania Issuer.
,
1
Revenue derived from theee aeourltli
CAPITAL stock.— Stock authorized, $400,000,000; the amount
out-
standing has been increased from time to time, Chiefly by sale to
stockholders for new acquisitions, etc. See Oen. Finances below.
1)IW. J '83 *84 '85 '86 '87 *88 '89 '90 '91 "92 '93-99 '00 '01 '02 '03
>8»« 7
d. c
5
5 5«« 5
5 5>« 6
6 5 y'ly. 6 6 6 May, 3
Ifl 1893 paid also 2 per cent In scrip.
July,
1903.]
RA1LKOAD STOCKS AND BONDS.
107
.
.
SUPPLEMENT.
INVESTORS'
10»
RAILROADS.
MUee Date 8Ue
or
of
Par
For explanation of column headings, &o., see notes of
Road. Bonds Value.
on first page of tables.
Pennsylvania RR.
1900
1900
1901
1902
1902
1902
1889
1892
1893
i
A
—
—
M.2d
E. consol. M., $10,000,000, Int. guar.Ce.O*
c
2d oonsol. mort.. Income, non-oumulativeCe
Oe.c
Peoria <t Pekin Union— 1st mortgage, gold
2d mortgage, gold Ce
c
.
Pere Marquette— Common
stock, $16,000,000.. ..
Preferred, 4 percent, non-cum., $12,000,000
Dlv.
Grand Rapids Newaygo <fe Lake 8h. 1st
Chic.AWest Mloh. gen. M. ($12,000 p. m.).NB.o*
1
$1,000
1,000
1,000
1,000
1,000
1.000
5,000
1,000
1,000
1881
1897
1901
1902
1901
—
1,000
1,000
1,000
1.000
1,000
76
30
30
46
76
47
202
342
342
342
20
20
10
480
1, 1903, $5,335,016.
General Finances. In 1901 the authorized capital stock was increased by $100,000,000 to $251,700,000; $50,500,800 thereof being
subscribed for by stockholders at $60 per $50 share, raising the
amt. outstanding to $202,200,800. V. 7 2, p. 392. 533, 627, 1238, 1280.
The stockholders voted on Maroh 10, 1903, to authorize an Increase In the stock from $251,700,000 to $400 000.000, to be made
from time to time In the discretion of the direotors, $50,000,000 of the
Increase, if dremed advisable, to be issued in convertible bonds. Of the
stock, $20,980,350 was Issued April, 1903, in exchange for convertible
debentures. (See below.) Stockholders subsorioed in 1903 to $75,094.750 new stock at $60 per per $50 share, nearly all of whioh was
paid for in full in June, the remainder being one-half paid in and
balance payable in equal instalments Oct.. 1903, and June, 1901. V.
76. p. 383, 488, 594. 706, 1193; V. 77, p. 37.
In 1902 were Issued $50,000,000 10-year 3^% gold bonds, dated
Nov. 1, 1902. of which $29,302,500 were converted in April
1903. Into stock at $70 per share, and balance are convertible at option of holder Into stock at $70 per share on May 1 1904, or any subsequent interest day, on 30 days f notice; they may be called for redemption at lO'i'-j and Interest on any Interest day beginning May 1, 1904,
but if oalled may be oonverted on basis above stated. See V. 74, p. 577.
In June, 1901, obtained control of the Pennsylvania and Cambria
Steel cos. See "Industrial cos." and V. 72, p. 1280; V. 73, p. 843,957.
In 1903 the company was proceeding to construct an under-ground
electric tunnel railroad from New Jersey under the North River
to a central passenger station at 33d St. and 7th Ave., New York City.
and thence under the East River to a connection with the Long Island
RR. in Long Island City. Completion of the work, estimated to cost
about $40,000,000, will take several years. The tunnel will afford entrance into New York City for the Pennsylvania Railroad and
Long Island RR. and permit the sending of through trains by rail dlreot
from the South and West to all points in New England via the bridge
from Mott Haven to LonK Island, which Is to be built by the New
York Connecting RR.; see V. 71. p. 913; V. 72, p. 1280; V. 73. p.
p.38<»,
1264; V. 74, p. 38o, 478, 831. 884, 1308; V. 75, p 1203, 1302, 1355.
264;
July,
The loan of $40,000 000 at 41*2 p. o. due July. 1903, was paid from
Vi
the proceeds of the the new stook. V. 76, p. 811.
extensions and improvements, see V. 76, p. 487, 488, 594.
As to
Latest Earnings.— Jan. 1 to May 31, (5 months) directly operated:
Gross, $49,327,517; net, $13,816,758
Lines east of Pitts- ) 1903
burgAErie. j, 1902
Gross, 43,823.817; net,
14,258.458
Lines west of P. A E., inc. or dw...Oro88+$2,325,800; net, —$305,000
Anndal Report.— Fisoal year ends Deo. 31. Annual meeting is held
at Philadelphia on second Tuesday In Maroh. The report for 1902 was
given at length in V. 76, p. 484, 539 see also editorial p. 511.
—
,
.
;
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
31—
1901.
1902.
3,706
$112,663,330
Int on Pa. RR. Investments.
Int. on United N. J. securities
Int. for use of equipment
.
.
$;)7,6 12,25!)
8,1 IS -01
Gross Income
253,543
394,700
272,773
$46,652,136
Deduct— Rentals
*1 1,605,948
Miscellaneous
Interest on funded debt
Interest on stook allotment.
Int. on morts. A gr'd rents..
5,095,883
1900.
3.739
3,650
$101,329,795 $88,539,828
$36,070,252 $30,440,622
7,781,720
5,781.297
255.170
245,188
444,489
390,732
73,928
103,635
$44,655,166
$14,643,144
4,254,585
172,319
162,637
2,050,400
1,503,173
74,168
800,678
136,400
136,400
State taxes and mlscellau..
1,806,874
1.660,219
Total
180,802,172 $22,400,836 $19,654,236
$25,849,964 $22,194,330 $17,277,530
Balanoe
$129,428
Payments— To trust fund
$109,673
$103,341
Oonsol. mortgage redeemed
402 LOO
402,390
402,690
1 2 .505.000
6.540.7H5
Extraordinary expenses
10.824.588
$7,046,816
811,886.65 a
Balanoe to credit of Income. .. $12, 8i:i,iH> •10,867,678 $10,230,714
Dividends
(6) 12,262,491 (6) 10, 857,072
(6)8,781.171
Car trust payments
Interest, general account..
Equip. tru.u loan sink. fund.
.
Extra Betterment Fund
credit of profit and loss
Bal.proMt and loss Dec. 31
1.448,544
To
ARNINOS ON ALL
LINES
Tear ending Dec.
Gross earnliiRH
Netearnlngs
31—
$550,945
$24,861,421
1IOTII
None
None
$22,485,305
$22,485,305
EAST AND WEST OF PITT8BUHQ AND ERIK.
1803.
$21!», 849.865
67,629,593
1901.
1900.
$198,626,878
64,013,492
$175,236,353
54,738,077
Joan p Green, 2d
Officers— President, A. J. ffMtstt] l8t v p
V. P., Oharle* B. Puik 3d V. P., S. M. Prevost; 4th V. P., Samuel
Rea; Secretary lowls Nellson; Trcas.. Robert W. Hmlth. N Y. headquarters, 85 Cedar St. (V. 76, p. ll!>3, 1356. 1 103; V. 77, p. 37,147.)
-
—
-
do
do
do
do
-
1903-10
June, 1904-11
Men., 1904-12
July, 1904-12
Oct., 1903-12
Phil, Deo.,
do
do
do
do
Moh.
Philadelphia.
1,
1909
Philadelphia.
Sept. 1, 1912
N. Y., Farmers' L. & Tr. May 1, 1923
Pittsburg, Co.'s Office. Deo.30,'02.3%
N. Y.. Nafl City Bank. July 1, 1921
N.Y.,Unlon Tr.
Phlla. Sept. 1. 1937
A
do
do
do
do
Feb.
Deo.
N. Y. and Philadelphia.
1,
1,
1,
Nov.
1941
1942
1916
Phlla., Go. Tr. Co., etc. Various dates
Phila., Gu.Tr. & 8. D.Co. Dec. 27, '02, 4
Phila., 26 So. 15th 8t.
Aug. 1, 1905
Phila. . Gu.Tr.A 8. D. Co. Apr. 1, 1913
....
50
1880
1,000
1883 500 &o.
1886 500 &o.
1890
1,000
....
100
1879 100 Ac
1888 500 Ac.
1890
1,000
1890
1,000
1881
1,000
1885
1,000
100
100
1875 500 &o.
1881
1.000
rent* payable June
Miles operated
Gross earnings
Net earnings
Phlla.,Girard Trust Co. Feb., 1904-10
Comm'l Trust Co.,
50
l'< ini»> l\ iiiiln Kit. Co.— Concluded.
Bonds.— Oonsolidatedmort. of 1873, see Supplement of October, 1901.
The 4 per cent loan o/1881 is secured by Phila. Wllm. A Bait, stock.
For gold 3*iib of 1902 see "General Finances." Mortgages and ground
Tear ending Dee.
Bond*— Princi-
INTEREST OR DIVIDENDS.
pal, When Due.
61,
When
niif«Ta,,.tinff Rate P
UUWianoing c.mt.. Payable Where Payable, and by Stocks— Last
P»v»1>1a
Whom
nivlHAnrt
Cent.
Dividend.
-f Concluded)—
Penn. Car Trust, $700,000 paid yearly
Penn. Equipment Trust, $200,000 paid yearly. ..
$400,000 paid yearly.
do
do
do
$400,000 paid yearly...
do
Penn. 8teel Car Trust, $700,000 paid yearly
$300,000 paid yearly
do
do
r
Del. Ave. Market 1st mortgage
r
Delaware Ave. Bloodgood property
Penn. RR. real estate puroh. money g. M.FP.o'<tr
Pennsylvania Company 8 took.
Bonds, gold, sec. by pl'ge & guar, by Pa. RR.c*&r
Qu. tr. ctf s., $20,000,000 g. gu.Pa.RR.,ser. Ac'Ar )
ser. R.GP.c\tr >
do
do
do
c\fcr)
ser.C
do
do
do
do
$1 .334.000 dr. yTly, g., ga. Pa. RR.G P
Car trust* (June, 1903)
Pennsylvania <t North Western— Stock, $2,500,000.
o*.
Bell's Gap 1st mortgage. UaF
Consol. M. (for $550,000) s. f. not dr'n.GuP.o*
o*
Clearfield & Jefferson 1st mortgage tJiiP
o*
General mortgage for $2, 500,000. GuP
Peoria <t Bureau Vol.—8tk., 8 p. o. rent'l C. R.I.&P
Peoria <t Eastern— lno\. Bloom. 4W, lstM.,pf.<
Ohio Indiana A West. 1st M.,pref.,g.,lnt. gu.Ceo"
P.
[Vol. LXXVII.
do
do
do
do
Jan.
1,
1927
Jan. 1, 1930
Aug.,1903, 4%
Apr. 1, 1940
do
do
Apr. 1, 1938
do
do
Apr. 1, 1940
4 p.o. paid Apr. 1, 1903 Apr. 1, 1990
N. Y., Central Trust Co. Feb. 1, 1921
do
do
Feb. I. 1921
N Y.R. Wlnthrop A Bos. Aug.17/03 1%
do
do
Aug.15,'03,2%
N. Y., Dn. Tr. A Boston, June 1, 1905
do
do
Deo. 1. 1921
A Pao. RR.
N. Y., J.P. Morgan 4 Co.
N.Y. ,Ch.R.I.
Directors— Alexnnder M. Pox. N. Parker StiortrulKe, William L. Kikln«, AlexJ. Casaatt, Clement A. Orlscom, Amos II. Little, William H. Barnes. Geo.
ander
Wood,
C. Stuart Patterson,
Kmneham
B. Morris,
Thomas DeWitt
Curler, Jas.
MoCrea, Lincoln Godfrey, John P. ttreeu, Charles B. Pugh, Sutherland M. Prevost,
Samuel
Ilea.
—
Pennsylvania Oompauy.— (See Map Pennsylvania RR.) Owns
no road in fee but has oharge of all. the system of the Pennsylvania
Railroad Co. west of Pittsburg, viz.: (IT See this company).
Leased by transfer from Pa. RR.:
Controlled by stock, etc.:
Miles.
ilile$.
Pitts. Cin. Chlb. A St. L.iri.35639
Pittsb. Ft. W. A Chloago.. 1^469-89 Cin. A Muskingum Val... 1(148 45
New Castle <fe Beaver Val.. II 14-98 Waynesburg A Washing.. 2815
Massillon A Cleveland
1223 Cin. Leb. A Nor
4571
1184-47 Grand Rapids & Indiana.. 430*21
Erie A Pittsburg
Cleveland A Pittsburg
Musk Gr. Rap. A. Ind.. 4068
H 201-74
Leased directly by Pa. Co.:
Traverse City RR
26 00
Pitts. Youngs. A Ashta.... 11125-09
Cin. Rich. A Fort Wayne 1T85-60
Toledo Wal. Val. AOhlo... 1)234-41 St. L. Vand. A Terre H.... 1T158-30
4
ludianap. A Vinoen. RR. H133-11 East St. L. A Carondelet.. H13-25
Controlled by stock or otherwise:
Logansport <fc Toledo Ry..
9303
Cleveland A Marietta
H10313 Terre Haute A Logansport 159 36
15-27 Terre Haute A Ind'lis RR. 12322
Pitts. Ohio Val. A Cln
-55 Terre Haute A Peoria RR. 145-12
Rooh. Beaver Falls AW...
Marginal RR.,Beav.F..Pa.
296 Cleve.Akron A Columbus. 19697
-71 Wheeling Terminal Ry....
Rolling Mill RR.,Toledo,0.
965
21-31 Newport A Oincin. Bdge.
-73
South Chic. A Southern...
2-46
Branches W.N.Y.APa.Ry.
5142 Louisville Bridge
.
Controlled jointly:
Total Penn. Co. lines... 1,471*27
A
A Yough.
.
U 1 8 -32
Western....
H23070
Pitts. Chartiers
Tol. Peoria
161-59
Ry.
Total of all lines
4,94515
Organization—Chartered in Pennsylvania April 7, 1870. Its stook
is owned by the Pennsylvania Railroad.
On Deo. 31, 1902, the Penn
sylvania Co. owned sundry bonds having a par value of $11,937,502.
and stooks of par value of $145,572,162, valued at $99,892,165, and
yielding from Jan. 1 to Deo. 31, 1902, an Income of $5,413,933.
Stock.— Stock, $40,000,000 as inoreased Deo. 5, 1901, from $21,000,000 in return for stooks of controlled oos. See V. 74,p. 41, 95.
Divs. \'S3 '84 to '91 '92
'93
'94
1901
1902
'95 to 1900
4 Mar. 4 June 4
none
Deo. 3 Deo. 3
p. 0. ( 4
Bonds.—The gold bonds of 1921 are secured by leases of P. Fort W.
A ('., the Cleve. A Pittsb. and Erie A Pittsb. railroads, and of bonds and
stooks having a par value in 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, "A," "B" and "C" were Issued by
Glrard Trust Co., Philadelphia, as trustee, tinder a deed of trust made
by the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p 0. guaranteed special stook of the Pittsburg Ft. Wayne A Chicago
Railway Co. The total authorized issue of the trust certificates Is
$20,000,000, each series to be secured by deposit of shares of the
special guaranteed stook to an amount equal to the par value of the
series, the sinking fund having retired $202,000 to Jan. 1, 1903. See
V. 65, p. 368, 572, 1116; V. 67, p. 122; V. 72, p. 339. 490.
The $20,000,000 gold 3»» p 0. trust oerts. of 1901 were issued to
pay for acquisition of stooks of the Pennsylvania A Cambria Steel companies. They are guaranteed, principal and Interest, by Penna. RR.,
and secured by deposit of $15,000,000 Pitts. Oincin. Chicago A 8U
Louis preferred, $5,000 000 Norfolk A Westeru preferred and $5,000,*
Operated by P. O.
000
C.
A
Trackage
8t. L.
A
Bait.
Ohio preferred stocks, and are subject to call for redemption Nov. 1 annually by lot at par In 15 equal drawings. V.73 p.843,957.
Report.— Report for year 1902 was in V. 76, p. 650, showing gross
on 1,519 miles, $33,025,648; net, $9,717,219; other income, 85 ,413,983; interest, rentals, etc, $9,347,217; transferred to extraordinary
expend, fund, $2,000,000, sink. fund. $1,627,960; dividend (3 p. c), 81,.
200,000; bal., sur., $956,025. In 1901, gross, $29,054,544; net, $8,742.506; other income, $3,505,366. In year 1902, profit, $5,783,985;
in 1901, profit. $3,681,260.
(V. 75, p. 794; V. 76, p. GSO.)
Pennsylvania
North Western It II. —Owns Bellwood, Pa., to
Horatio, 62 miles: total, Including branches. 7;> miles. In. Ian. 1903,
2,237,900 of the $2,250,000 slock had been exchanged for that of the
of the P, a N. V. 74. p. 152. The BtOflkPenn. RR., 4 shares for
holders \s ere to vole 00 .lulv 17. 1903. to consolidate with other subsidiary roads of the vnns\ vania RR. under he name of the Cambria
V. 77, p. 37. -(V. 71, p. IBS, 42s: V. 77, p. 87J
aeld Ky
A
'.»
1
A
l
i
Ittircim Valley Hit.— Peoria to Bureau Juno., HI.,
47 miles. leased In 1854 to Chicago Rock Island A Pacific RR. for
$125,000 yearly; dividends, usually 8 p 0. yearly, occasionally more.
Peoria A KaMern It) .— (See Map Olev. Cin. Chic. A St. Louis.)—
Owns from Pekin, 111., to Indianapolis, Ind., 202 miles, and has a lien
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; track age, Pekin to Peoria, 9; total operated. 352 miles.
11 ^k, Etc.— Formerly Ohio Indiana A Western, sold in foreclosure
In 1890, reorganized per V. 49, p. 616.
Leased till Apr. 1, 1940. to
Cleveland Cincinnati Ch. & St. L., whioh guarantees Interest, but
not principal, of the first consols and the underlying bonds, and owns
one-half the $10,000,000 stock, par $100. See Supplement of Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,000 stock of the P< 0. <V Pekin Union Ry., on which 6 p. o.
yearly was paid 1895-1902. V. 74, p. 152.
Peoria
July,
1903.]
KAILfcuAD STOC&b
AND
B0ND6.
109
(
.
.
INVESTORS' SUPPLEMENT.
110
RAILROADS.
[Vol.
INTEREST OR DIVIDENDS
Miles Date Size, or
Amount
When
Outstanding Rate per Payable Where Payable, and by
Cent.
Road. Bonds Value.
whom.
of
Pere
!TIar
D.Gr.R.
quelle- (Concluded.) —
A
vs..
380
280
400
235
l8toon.(nowl8t) M.,law.m.OB.o*
Flint A PereMarq. M. ($1,000,000 are 4s) gold-.e
Consol. mortgage, g.Ce
c"
Pt. H. Dlv. 1st M. ($3,500,000), g., Ce
o"
Toledo Division, 1st mort., gold, IB
o"
19
89
Ch.AN.Ml.lstM.,gu.p.Al.endbyCh.AW.M.OBo'
Western Equipment Co., call at par
....
Marquette equip't 1st M., guar., s. f.. call at par
....
East.equip.lst M.,g,gu. p A I.. callpar.tex t..*M.c
....
Pere Marquette consol. M., $50,000,000. ,.F.c4r
202
Late Erie A Detroit River Div., lstM., g
....
Pere Marquett* coll. tr. M., g., call par
....
Pere Marq. Transportat'u Co., gold, p. A 1. guar.
66
Saginaw Tus. A Huron, 1st M., p. A 1. guar. Co.
28
Or. Rap. Beld. A Sag., 1st M. gold, lnt 8t rental.
Pere Muni, of Ind guar. p. 4 i call atl05.1£ae" Text.
....
Marq. A B. D. A N., gu. p..tl.. call 105,8 f..Ka c
....
Bull. A Ning. RR. A Ter., gu. p.i 1. (V.70,p.lO31)
Pertciomen— lstM.,8er.I(lstrn)g.,gu.p.Al. Ht P.o" 383
1st M., eer. 2 (2d l'n) g., gu. p. A I. (end.) PeP.o* 38-3
Peterborough RR.— Stock (rental 4 per cent)
....
Petersburg RR.— See Atlantic Coast Link RR.
73
PhU.diBalt.Cent.— 1st M.$2,500,000.$l. 200,00041*8
Phila. Baltimore dt Wash.—Stock autli. $25,350,400
PhiLW. A Bal. plain bdfl., s.f. $20,000 yrly, not dr.r
r
Plain bonds
Plain bonds
r
Plain bonds, gold
r
Plain bonds, gold
l 1*
Bait. A Potomac, 1st M. (tun.) g., s.f., not dr'nx.o'
92
let M., road, guar., gold, s. fd., not drawn. ..xo"
93
Consolidated mort., $10,000,000, «old.SBa.C
....
Phila.<£ Che*. V.— let M., pf. ,old 5s, red.'96,g. PePo*
1st m.. old 4s. not pf.. Int. reduo' in '96. e.PePo*
Mo
.
t
,
,
l
When Due.
Stocks— Last
Dividend.
pal,
Par
of
1897 $500Ac
1880
1,000
1889
1.000
1889
1,000
1897
1,000
1891
1,000
1,000
1,000
1,000
1900
1903
1901 lOOOAc
1902
1,000
1903
1897
1,000
1900
1,000
1899
1,000
1903
1,000
1903
1,000
1903
.....
1888 100 Ac
1888
1,000
100
....
1881
1,000
1880
1887
1887
1891
1892
1871
1871
1889
1888
1SS«
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1.000
50
500
soo
4
$5,379,102
5,000,000 4 g.M g.
2,850,000
5 g.
3,500,000
5 g.
400,000
5 g.
5
1,667,000
6
30,000
797,000
5
3,500,000
5 g.
5,575,000
4 g4i-j g.
3,000,000
2.870.00P 3 to 4g
80.000
6 g.
1,000,000
* g.
260.000
5 g.
575.000
4 g4 00.000
4»s g.
A.
A.
A
A.
J.
M.
A.
A.
M.
J.
F.
J.
J.
O. 2d Nat. Bank, Boston.
N. Y., R.Winthrop
Co.
A O.
A N.
A O.
A J.
A N.
A 0.
A O.
A S.
A J.
M.
A
A
Apr.
A
May
Apr.
Intern'l Tr.Co., Boston.
Bob., Nat. Webster Bk.
July
Boston.
Apr.
N. Y.. R.
do
Oct.
Wlnthrop&Co. Mar.
Aug.
2,
1,
1,
Jan.
do
do
1,
Jan.
A. N. Y..
D. St. L.
A 8.
A N.
A O
M.
M.
A.
1,
1,
1,
1,
May
Morion Trust Co
Union Trust Co.
A J.
do
do
A A. N. Y., Cont'l Trust Co
F.
1,
1,
1,
1,
Oot.
do
do
do
do
.XXVII.
Bonds— Prlnc.
1946
1920
1939
1939
1937
1931
1909
1910
1908
1951
1932
1923
$20,000 y'rly
Aug. 1, 1931
Mch. 1, 1924
May 1, 1943
Apr. 1, 1933
[nt'l Trust Co.. Boston.
N. Y., East'n Trust Co.
N. Y., East'n Trust Co.
d>
799,600
1,125,000
385.000
5g.
5
£3
A
g.
4
A.
2.200,000 4** A 5
20,488,600 See text
5
1,000,000
4
1,000,000
1,000,000
4
930,000
* g1,000,000
4ft
1,500,000
6 g.
3,000,000 .
6 g.
3,000,000
5 g.
280,510
4 ginn rwv>
3 a
Reading Ter.Bld. Jan. 1, 1918
do
do
Jan. 1, 1918
Nashua, N. H.
Apr., 1903, 2%
Phila.
O.
A
A
A
A
A
A
A
A
A
A
A
M.
J.
J.
A.
M.
J.
A.
J.
A.
J.
A.
A
*
N.
Penn. RR. Co.
Nov. 1. 1911
Broad St. Stat'n J*ne30,'03,2%
Boat ,K1<L Peal' June 1, 1910
do
do
Apr. 1, 1917
Phila.. Broad St. Stat'n Nov. 1, 1922
do
do
Jan. 1, 1926
do
do
Oct. 1, 1932
Bait. Office and London. July 1, 1911
do
Apr. 1, 1911
do
Bait. Office, Calvert St July 1, 1929
Philadelphia.
Apr. 1, 1938
Hn
Art
Apr 1 1Q39
Phila..
J. Phila.,
D. Phil. Of
0.
N.
J.
O.
J.
O.
J.
O.
n.
.
;
246 and
truse P, aud are subject to call on any interest day on 60 days' notice.
They boar interest at 3 per cent to Dec 1, 1905, and thereafter 4 per
Incomes.— Dividend on Incomes 4 p. o. paid April 1, 1902, from earn"
V. 76, p. 480. In
lngs of calendar year 1901; Apr. 1, 1903, 4 p. c.
April, 1903, semi-annual payments were proposed. V. 76, p. 811, 1031.
Earnings.— 11 months, ) 1902-3... Gross, $2,666,8 Z7; net, $587,069
51901-2.. Gross. 2,313,807; net. 608,085
July 1 to Mav 31.
Sur. over 11 uios. charges, $216,498 lnl903, agst. $257,514 in|1901 2.
Annual Report.— For 1901-02 see lessee's report In V. 75, p, 439.
Interest.
Net.
Balance.
Year end. June 30. Gross.
'$564,260
$654,113
1901-2
$2,518,751
$89,853
1900-1
2,488,303
821,950
404,075
417,875
•Includes $160,000 (4 p. o.) int. on iuoomes.
- (V. 74, p. 152, 428; V. 75, p. 439; V. 76, p. 480, 811, 1031.)
Pckln Terminal By.—See Street Railway Supp't.
Peoria
Pekin Union By.— Owns Pekin to Peoria, on both
Peoria
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 1814; second main track, 880; total main track, 26 94 miles
Mileage of side and yard tracks, 53-71. Capital stock, $1,000,000.
Owned by Peoria A Eastern (Cleveland Cin. Chlo. A St. Louis system)
Chicago A Northwestern, Chic Peoria A St. Louis, LUino is Central
system, Lake Erie A Western and Toledo Peoria A Western companies.
Dividends 1895-1902, 6 p o. per annum. Earnings for year 1901-02,
gross, $809,817; net over taxes, $226,847; charges, $157,155; improvements, $32,951; dividends, $60,000; balance, def., $23,259.—
oeut to maturity. V. 75. p. 1302; V. 76, p. 213.
Lake Erie & Detroit River Division mort., V. 76. p. 1356; V. 77. p. 89.
The Pere Marquette RR, of Indiana 1st 4s of 1903 (antho ized issue,
$3,000,00i\ Eastern Trust Co. of N. Y., trustee,) will cover the road to
be built from New Buffalo, Mich., to Hammond, near Chicago, 46
miles, aud be issuable at $2ft.0u0 per mile for single and $10,000 additional for double track, $500,000 heing reserved [or Chicago terminals. The lir-t issue ($575,0C0) will be for 23 miles from New Buffalo
to Porter, lud. V. 76, p. 919, 1193. Bee form of guaranty, p. 1356.
The Marquette A Bessemer Dock A Navigation bonds (Eastern Trust
Co. of N. Y., trustee.) aro guaranteed jointly, principal and Interest.
by the Pere Marquette and Bessemer & Lake Erie. They are subject
to call In whole or part at 105, and 1 p. 0. must be called yearly for
the sinking tun 1 at the same prioe, if not purchasable at a lower
figure.
V 76. p. 706, 922 Form of guaranty, p. 1358.
The Buffalo & Niagara RR. & Term. Co. mortgage for$l,000,000 will
be seonrt d by Buffalo terminals and 45 miles of road. V. 76, p. 1031.
The Eastern Equipment 5s of 1903 are In two series -A for $1,500.000 and B for $2,0^ 0,000 the entire Issue may be called on 6 months'
notice and $75,000 of the As and $100,000 of the Bs are redeemable
Bonds.—See abstracts of mortgages of 1890
A Western mortgage, V. 47, p. 201.
Id V. 51, p.
of O. Ind.
&
&
-
(V. 70, p. 584,; V. 74, p. 152.)
Peoria
V. 76,
p.
A:
Spring. By.-SeeScp.
of July, 1902,
andV.
75, p. 290;
1085.
Pere Marquette
RR,- (See Map.)—System lnoludes:
Miles.
Lines oicned in fee.
Alexis (near Toledo) to Lud268
lngton on Lake Michigan.
La Crosse, Ind. to Bay View,
380
Mich.
Detroit to G'nd Rapids Mich. 152
Port Huron to Howard City.. 172
Pt. Huron to Grindstone City. Ill
94
Grand Rapids to Big Ledge..
102
Allegan to Pent water
Walkerv., Ont., to St. Thomas 128
Sarnla, opposite Port Huron,
Miles.
Other
lines, branohes, etc
Trackage, etc
Trackage St. Thomas to Buffalo, N. Y
Leased <G. R. Kal. & S. E.)_
Rapid City to Stratford
Saginaw TusoolaA Huron—
(See this company.)
Saginaw to Baa Axe
London A Port Stanley
249
276
112
33
66
24
Rondeau
78
Total
2,245
Also owns car ferries Milwaukee to Muskegon, and Ludingtou and
Manistee to Milwaukee, etc, and four steamers valued at $443,564. In
Feb., 1903, three additional car ferry steamers were ordered, to cost
$950,000. and also B vessel, to cost $210,000, to ply on Lake Erie,
between Bondage and Comieaut. V. 76, p. 383.
Organization.— Incorporated Nov. 1. 1899, as a consolidation of
Chicago dt West Michigan Ry., Detroit Grand Rapids A Western RR,
and Flint A Pere Marquette KK., per plan in V. 68, p. 1024, 1181. The
Lake Erie A Detroit River Ky., 230 miles miles, including leased line,
24 miles, was taken over Jan. 1, 1903.
In Dec. 1902, u syndicate oonslstlng of Thos. H. West and John F.
Shepley of Che St Louis-Union Tract Co., F. H. Prince, Q. H. Norman,
Newman Erb, Nathaniel Thayer, T. F. Kyan, Mark T. Cox and others,
acquired .'rit.'^Ti .Too oi the $14,145,500 common stock, which, together
with $2,800,000 additional stock (about equally divided between common and preferred stock) have been placed in a 5 year voting trust,
thus ensuring control. The purchase of the Lake Brie A Detroit
River Rv. and n agreement for trackage with the Michigan Central,
terminable on 80 days' notice. Iroin at. Thomas to Buffalo, 112 miles,
from Detroit to Buffalo. V. 7."), p. 981, 1203
extend
;
Mar.
Genehal
|
130-j.
on M
Earquette International Bridge Co. was
ted to build a bridge aor6as the Detroit River near Grosse Isle,
"« Detroit The Marquette A- Beaaemer Dock a
about 20
Navigation 'o Including docks at Oonneaul and Fort Dover, oi
Brie, It controlled bj the Pere Marque te and the Bessemer
Lake
i"below. V. 76, p
Erie,
.706,922,1084.
mi Mar. :», 1908, the Pere Marquette rr. of Ind. was incorporated to
build 46 miles from New Buffalo to Hammond. Ind.. 20 miles from
Chloago, under ooaatruetton In July, 1903. V. 76, p. 88
k.— Authorized $1<;,000.000 common and $12,000,000 4 p. c
n. pref.; outstanding common 814,1 15,5110, preferred usin table.
Divii>i..ni>.-Oii pref., 1901 to 1908, both lnol , 4 p. 0. yearly (F..\.\.)
V. 7, p,
p. c, paid Aug. 1903.
ilV, on e. minion,
BONDS Tin oonaoLasol 1901 (total lHsue $50,000,000) are limited
impleted single track line, Including un
000 per mile double-track, of the bond
<
,
&
I
.
V.72, p.
000 were rest vi d In retire lie same amount of old bond
t>e retired
675. Of the Marquette Equipment bonds
yearly by the sinking fund at par, and the entire issue uiaj be called at
7. 72, p. 1184.
that price on 60 d
ral trust gold bonds of 1902 (limited to $ J.S70.000) are
b\ the entire capital stock (81,400,000) of the Lake Erie A
secured
1
t
.
Detroit River Ry., the National Trust Co., Limited, of Toronto, being
V. 77,
p. 89.
Latest Earm'gs.—5 mos.,
Jan. 1 to May. 31.
1903 Gross, $4,441,301; net, $1,124,661
1902.Gross. 4,090,048; net,
904,941
Surplus over charges, .^402.139 in 11)03, against $254,o48 in 1902.
The Lake Erie A Detroit Is included in both years.
Report.— Report for 1902 at length was in V. 76, p. 1031.
1902.
1901.
Year endina Occ. 31—
1900.
Gross earnings
$9,955,375 $9,201,175 $8,296,112
Operating expenses and taxes
7,510,534
7,110,212
6,330,593
)
s
Netearnings.
net land receipts
$2,444,841
$2,090,963 $1,965,519
50,519
Total net Income
$2,444,841
1.451,705
$2,141,482
1,356,389
Add
Deduct— Interest
Dividend on pref. Stock
(4)420,416 (4)420,446
159.244
Equip, sink, fund payments
152,500
Transferred to lmprovem't fund..
200,000
$213,476
Balance, surplus
to
1254,
V. 76, p. 866. Form of guaranty V. 77, p. 90.
Finances.- See lef.er of President in July, 1903.
yearly.
I
8212,147
$1 ,965,519
1,319.331
420,000
(4)
$226,189
F. H. Prince; Vice-Presidents, Mark T. Cox
York; Vice-Pres. and Gen. Mgr.. Myron J. Carpen
ter; Sec and Treae., Charles Merrlam; Auditor. J. E. Howard; Directors, May, 1903, V. 76, p. 48, 1031.— (V. 77, p. 37, 89, 148.)
Owns from Perkiomeu Junction, Pa., to Emaus
Perklumen
Junction, Pa.. 383 miles.
Stock, $1,500,000 (par value of shares,
$50); owned by the Reading Co. and mostly deposited under Its Jersey Central collateral 4 per oent mortgage of 1901. V. 72, p. 283. Reorganized In 1887. In year 1901-02, gross. $397,057; net. $191,473;
Interest and taxes, $102,830— (V. 71, p. 1013; V. 72, p. 283.)
Wilton to Greenfield, N. II., 10^ miles.
Peterborough
Leased April 1, 1893, to Boston A Lowell for 93 years at 4 p. 0. on
stock and expenses. Capital stock $385,000; par, $100 div., A. O.
Philadelphia A Baltimore Central lilt.— West fnua. to
Ootoraro Jc.Md., 63 miles; Wawato West Chester, Pa.. 9 m. (double
track, 13 mi; branch, 2 m.; leased. Chester Creek RR.. 7 m.; Phila.
Baltimore A Washington holds $2,497,150 of the $2,499,189 stock;
For 1901-02 gross earnings, $968,718; net, InoL other lnoome, $l Q !i,7;st!;
charges, $173,578; bal., sur., $26,158.
Officeks.- President.
Newman
Erli,
New
RR.—
RR.—
;
Philadelphia Baltimore A
\t nxli
I
nut on
Bit.— (See Map
Penn. Kit.;— Operates from Philadelphia to Washington. D. C, and from
Wilmington, Del., to Dclmar, Del., with branches as follows:
Lines otrjied—
Miles.
Lines controlled, leased, r.—
Philadelphia A- Halt. CeutrallJ. 80
Philadelphia to Bowie, Md.,vla
Baltimore (all double rack*. 1 19 Delaware KR.Ii
258
Bowie to Pope's Creek, Md ... A8 Delaware Md. A- Va.li
98
Branches to Delaware City, etc 42 other lines (5)
58
>
t
Total (H see this company)
704
Organization.— A consolidation Nov. 1, 1902, of the Philadelphia
Wilmington A lialtlmore RR. and Baltimore A Potomac KK. V. 75.
1032. As to proponed new terminals at Washington, i>.
1
594, 812.
Lock authorised, $25,350,450; outstanding May 29,1903,
,600, mostly owned bj Penn. BJL; of the balance, $'LOOO,000
wd lor exchange oi Halt, a Pot oonsols. and $5,950 for the
Hie old companies not yet exchanged; par of shares, $50.
Divii
9 '89 '90 '91 '92 '93 '94 '95 '90 to '02.
Slnoe,
6
6
7 7H> 7 6>«
(P. Hll.il
7% 7
7
below.
Eirst dividend (semi-annual)
In 1902, Jan.,
p. c. July :i p. c
DSOlldatlon. 2 p. c. paid Dec. 81, 1902; 1903, June 30, 2 p. c.
•s.— The bonds issued by the Phil. Wilm, A Bait, are all to be
secured by any future mortgage; see page 4 Suf. of April, 1895.
Mortgages and ground rents 1903, $185,765.
V.
7f,, p.
1
I
1
.
Jcly, 1903
KAILKOAD STOCKS AND BONDS.
j
Ill
RAILR< LD8.
1VIOKND8.
I
For explanation of column headings, Ac, see notes
on tlrst page of tables.
K "''
Miif-tul.,iin
Bonds Value, ^uutunnung
or
Par
of
.!.
do
($5,263,000 are 5s)
.OOO 4
10.0OO.
i
(>3,2%
"- 7<*X
'
A
LMO
O. I'litla.Hf
Aug
.
1981
3,3<S
5
5
it;
I
6
5
Gross, $7,558, 156; net, $2,025,424
V. 74, p. 526.
In 1901-2, gross, $12,231,194; net, $3,989,698; other
Income, $637,132; Interest, taxes, rentals. Improvements, et<
010.234; dividends, $569,644; bal.. sur. $46.953.— (V. 76, p. 594.)
Philadelphia A Cliotcr Valley Kit.— Road from Bridgeport
to Downlngton, Ph., 22 miles. Chartered In 1888. Capital stock (par
Is, common, $550,000
preferred, 8205,100; total, $755,100, of
;
which Beading Company owns $454,450 common and $205,100 preferred, of which 8450,000 common and $205,100 preferred are deposThe Reading Company
ited under Its general mortgage of 1897.
guarantees the bonds, with Interest reduced. See V. 63, p. 1064.
Philadelphia A Erie H It.— (See Map I'enn RR.)- Own* Sunbury
to Erie, Pa.. 288 miles; branches, 17 m.; double track.'. 123 miles
Organization, Lkakk, Ac— Formerly Sunbury A Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid a*
rental. Pennsylvania RR. owned Deo. 31, 1902 $3,499,800 oommon
and $2,400,000 special stock and $3,944,000 general mortgage bonds,
and city of Philadelphia (sinking fund) $2,250,000 oommon stock.
Dividends— On common In 1892, 2 p. o.; 1894, 2 p. 0.; 1901, 2 p. 0;
1802, July, 2 p. 0.; Dec. 2 p. c; 1903, July, 2 p. 0. On "special."
1888-93, 7 p. c yly.; '94 to "96, none; "97, 2 p. c; '98 and '99, 4%; 1900
7%.
Gross, 82,888,107; net,$810.3."»s
858,462
3,8 19; net,
Annual
Kki'oiu. - Report for 1902 was given In V. 76, p. 53!)
li»02.
l^!»H
Tear end. Dee. 31—
1900.
1801.
Gross earnings
$6,423,102 $6.7S<),689 $5.82 1,626 $5,348,029
Income
Total net
2,110.835 2,725,740 2,086.010 1,664.235
Interest on debt
1,019,150 1,019.150 1,019. ISO l,01flj.8e
Dlv. on special stock
168,000
168,000
168,000
96,000
Div. on com. stock.... (4%) 319,400(2) 159,700
Interest on equlpm't,
757,491
588,018 1,202.722
447,864
Ac
M.
A.
l>
A
A
N. On. Bav. Kk. A Tr ..cin.
O. Check from (o.'h offloe.
N Y
Dec.
do
A
g.
g.
8
'
J.
J.
do
Central Tr
do
N. Y.
A
A
A
1
;
J.
Y
N.
J
C.
,
S.
Trust 00.
1,
Nov.
1.
Apr 1.
June 1/03, 8S
o.t 1, 1940
July 1. 1943
i,
1947
June 1. 1918
D. Un. Trust Co., Plttsb'g.
I'll Tru-t Co
J'ly
I
Kid. Tit.
g.
1911
1922
1932
1939
:.
A
A.
A
A
24%
03,2*i
fllee.
A. Haltlui.lla'
1,
1001-06
ATr.Pi
1904-8
O. Dnlon Tr. Co., Piti
do
N.
do
Apr.
1,
'"I '13
11 -'20
do
Apr. 1, 1021
do
Jaii.15,'00.4%
Plttaborg,
do
A. A O.
Apr. 1. 1932
do
in 1!)03 see
aim. I, a
N. Y..
03,1 >«
In 1803
N.Y., Farmers' L'ha It. J uly It!, '03, 2%
I
I
Jan. "00
1
mi
1
mm
do
.1
.1
7
7
Various n. y
5 a
715.OO0
1,506.000
May 31. (1801-2
Gross, t;,754,756; net, 2,058,624
Annual Rkport.— Year ends October 31. Report tor 1900-01 was In
.1.
5|. M.
3.O21.000
1 to
A
1848
I,
5g.
2,000,000
22.701.1
F.
,
Phlla., Company'* Oftloe July, '03.
6
6,31-
225,000
800,000
725,000
1.0O0 0O0
2,050,000
700,000
816,000
24,777,534
g.
g.
J*
><»>
2,000 000
3.O00.0O0
Preferred stock
< Col. A Ind. Cent, morts. ($2,335,000 are Lei M )
I Union A l.ogan-p't 1st M il"n City to Logans. )o*
ChlcSt I. a Pltti 0OH M.($22.OO0.0O0)g. I n.i'.ir
On
A.
\
Q.-J.
F.&. A.
6
3,500.000
225.000
Louis— Coin, stock
Earnings.- 5 months, ) 1903
Jun to May 31.
(1902
5
5
6
65O.000
i
to 1902, both Inol.,
10
Bee text.
,
B.4 l. .1. .oonaoL M-. 810,000,000,
Debentures, gold, $2,000,000. See text. C PI
Bewemer eq trait, 975.000, ir., eft. July 1 DPI
('mi in nit equip, trust, part due yearly, g FPI
Shcnango equip, trust, parr due yearly, g. I PI..
Orcein llle equip, irual $100,000 due y'ly. g.UPI
Butler equipment tru-t $2,050,000 I IM
PtfttburgOhartiers .f Youyh'y— Stock. #1.000.000.
Gen.M. $l,000.000,g.,gu.p.At.(end.)FPI Beetei
$50)
A5g.
I'ltlla.. Hr
oarly. Phlla.,Bi
J
'
1
Kahnixoh- 7 moa.,1 1902-3
g.
500,000
4 I
.00
12
)'hl. a ...M
2,000,000
5 g. AA015P1UU
1.417,000 See text. A. A O.
do
,
Nov.
6
)K)0 4g.
r
—
tf 81.
and by
1902 .Semi an
•
1
Pittib'g Oincinnati chir.
lit
8,680,000
PKxla. it Franhford -1st M., $500,000, go 1. n P
PKxla. Oerm. A 'SorrUVn— Stock rental., P. A R. Rl
PMla. Hamsburg A Pittsburg— 1st mort., gold.e'Ar
Phil. tfrirt'ntCN. Y
1st M.,gold (see text) ..
Phtlndrlp/iiii ,t ICfii'linf/ Ry.— 8LK Rkai
PKxla. <* Trenton— Stock 10 p. 0. rental, Peas KB
Pitdmont <t Otsmberiaitd stock, 5 per cent rental
1st mortgage, gold, Interest rental. Me ...
Pine I: u " .e West.— 1st M., $1,200,000, g., red text
Pine Oreek— 1st M., guar. prln. and Interest (en<L)r
Piqua <t Troy 1st M., $2 '0,000. g., gu. p. A
Pittsburg Bessemer 4\ L. M. emu., 8 p o. rental -•
Pref. stock, t; |>it oenl si n guar, by rental ...
Plttsb. Bben. « Lake Erie, lHt mort, gold <v..c
ConHol. 1st mort., for $1,800,000, gold. 4 e
Pltti
.
,
PKila. <l Erie— Ooininon stock ;$10,000,000 author.)
Special stock, 7 percent
Gen. M. (now 1st) gold, guar. p. A 1. by Pa. KB,
do
Wllrl
1" r
t.
A.
A
<>
Dnlon
do
do
.
1904
Oo.
Deo., 1905
Oct, 1. 1932
do
Pine Creek Hy.—Owns Stokesdale Junction, on the Fall Brook
7"> miles
I'a.,
>k<. \ni/ation.— K. T.
Central control* the capital stock and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable anarterty, Q.-F., bond
Interest and taxes.-V. 68, p. 379, 573, 773, 872. The 1-t mortgage Is
guaranteed by the Reading and the New York Central, join:
severally. See form of guaranty, V. 56, p. 650. Stock, $1,000,000
(par, $50); July 1, 1902. N. Y. Central owned $999.000.-(V. 68, p. 573.)
Road, to Newberry Junction.
<
Pittsburg HcNKcmcr A Lake Krle RR.—Owns line 00m
pleted In August, 1S'.)7, from Bessemer, near Pittsburg, Pa, to
Conneaut Harbor on Lake Erie, and Wallace Junction, Pa., 155
miles; terminal In Krle, etc.. Pa., 2 miles; branehea, 11 miles; leases
Meadvllle Conneaut Lake A Llnesvllle RR., Llnesvllle to Meadvllle, 22
mtles; trackage to Cascade, near Erie, etc, 13 miles; total, 203 miles.
Most of the road owned is to be double-tracked In 1903. V. 75, p. 1203.
Organization, Etc.— A consolidation Jan. 14, 1897, of the Pittsburg
rthenango A Lake Krle and the Butler A Pittsburg. Carries Iron ore
«outh and coal north. See V. 63, p. 1 l.V.i; V. 65, 0. 153, Controls boat
lines for ooal transfer to Canada. See V. 60. p. 872; V. 61, p. 241. 795,
Of the stock $5,500,500 com. and $.00,100 pi ef. are owned by the
Carnegie Co. and deposited under Its collateral mortgage. leased
for 999 years from Apr. 1, 1901, to the new Bessemer 4 Lake Krle
RR., a subsidiary organization of the Carnegie Co. for *! per cent on
pref. and 3 p. 0. on oommon stock, Interest on bonds and organization
expenses, etc., the lease being guaranteed hy the Carnegie Co. V
72, p. 137. Through Carnegie Co. Is controlled by U. 8. Steel Corpo'n.
Dividends.— On pref., 3 p. 0. 1899. In 1900,6 p. c; slnoe under
lease. 6 percent yearly on pref. and 3 p. 0. on common.
Bonds.— Debentures of 1899 may be called after June 1, 1909, upon
company paying *« per oent for each year of unexpired term.
The P. B. A L. E. mortgage of 1897 Is for $10,000,000 (trustee United
states Trust Co., N. Y.), ooverlng all the railroad, property, rights and
franchises of the consolidated company, including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the 5s of
,800,000 reserved to retire Plttsb. Shenango A Lake Krle bonds.
1 sot.- Report of lessee companv for year ending Dec. 3 1, 1902,
was in V. 76, p. 749, showing gross. $:;,* 13,367, against $3,021,215 In
1901; net, $1,668,514, against 81,548,81
Pres.. James II. Reed, Pittsburg.— (V. 72, p. 137; V. 75, p. 195, 1203.)
Pittsburg Carn«»arlc A Western Rr.— Under construction as
extension of Wheel. A L. Krle from near Jewett, O., to Pittsburg, Ps^
" form
60 miles; to be completed In fall of 190in connection with Wabash, an Independent route to Pittsburg for the
Missouri Pacific and associated lines. A contract providing a large
tonnage Is reported to have been made with ths Carnegie Co. (now
controlled by the l T s. steel Corp.) Stock authorized, *2.<>00,000,
all o.* one class; all outstanding. Ahyndlcate Is supplying the funds for
construction. -1 V. 75, p. 498; V. 76, p. 103, 332, 543, 973, 1031.)
1
1
Balance
-(V. 74,
p.
sr.$15,766sr$176,168sr.$141,369 sr$101,221
380, 526; V. 75, p. 30; V.f76, p. 383, 5 3!>.>
A
Krankford lilt.—Owus from Cresoentvll e to
The $500,000 stock Is owned by Reading
of which $498,950 is deposited under Its mortgage Of 1H'J7.
from 5 to 4 per cent, principal and
In 1898 Interest on bonds redn
Interest being guaranteed by Reading Co.— (V. 67, p. 1358, 1357.)
I'hlln. (ierm,
Chestnut Hill lilt.— See Connecting Ry.
Philadelphia
Frankford, Pa., 2'6 miles.
Company
1
A
Philadelphia
(.erimi nio \vu
A NorrUtown Hit.— I'lula.
Pa., to Norrfstown and Germantown, Pa., 20*66 miles; second track,
20 miles; 3d track, 2*59 miles; total track, 102-4 m.; leases Plymouth
BR.. 9 miles. Leased Nov. 10, 1870, toPhlla. A Reading for 999 years;
rental, $277,623 and $8,000 yearly for organization expenses.
I'll t«l>u r;r
Philadelphia llurrl-l.ii r»
Harrlsburg,
Pa., to Shlppensburg, on the Western Maryland RR.. 47 m.; 2d track,
3'38 ic; sidings and laterals 17-47 miles. Leased October 15, 1890,
for 999 years at 5 p. 0. on stock. Interest on bonds, taxes and
expenses to the Philadelphia A Reading RR., which by endorsement
on each guaranteed tltebonds, principal and Interest. Lease assumed
In 1896 by Philadelphia A Reading Railway. Stock, $2,000,000 (par.
$50),ownedby Reading Co., of which $1.995,000. along with $1,472,000
of the bonds also owned by the Reading Company are deposited under
Its general mortgage of 1897. Mortgage Is for $2,000,000.
A
Philadelphia
RK.—
Newtown A New York RR.— Philadelphia to
Newtown, Pa., 22 miles; sidings and laterals. 3'42
common, $1,225,000; preferred, $400,000; par, $50
Stock-
mtles.
Of the bonds,
$849,100 (with coupons only partly paid— sec V. 64, p. 331), are owned
by the Reading Co. and deposited under Its general mortgage of 1897.
In October, ls-.ts. Interest on $507,000 bonds was reduced to 3 per
cent, from April 1, 1897, and made a tlrst charge, that on remainder
of issue being left at 5 per cent subject to said agreement. V. 68, p.
773. Current liabilities June 30, 1901, $272,589.
Philadelphia A Readlns HR.—See Reading Comi- is v
A
Trenton Hit.— PJilla. (Kensington), Pa., to
Philadelphia
Morrlsvllle, Pa., 24 miles, mostly four tracked, and branch 3 miles. On
June 30. 1871, leased, with the United Cos. ofN. J., for 999 years to the
Penn. RR. at 10 p. c. on $4941,100 stock, the total Issue being $1,259,100. the balance being owned by the United RR. of N. J.
Piedmont A Cumberland Ry.— Road
A
from W.V.
C.
Junction,
\V.
Va.. to Cumberland, Md., 29 m. Under the now lease of '99 the W. Va.
Co.
Pitts Ry. receives all revenues and pays all expenses, 5 p. c. Int. on
bonds and 5 p. c. F.AA. on stock, of which It own-" 82 per cent. V.
69, p. 590, 5*2; V. 73, p. 785. Previous dividends: 1894, 5 p. c; 1885,
6; 1896, 6; 1897, 5; 1898, 4; 1899, 4.— (V. 6H, p. 49 2; V. 73, p.
Pine III oil A Western
Pine Bluff to Sheridan. Ark., 23
miles; under construction Sheridan to Benton. 22 mtles, to be 00m.
Hy.—
Eleted by Apr., 1903. Controlled by Sawyer * Au-tln Loml
a Crosse, Wis.
Stock authorized and outsfandlng. Bonds are subject to oall at 105 In (and after) 1912; the Illlnoi
Trust Oo of K.ist St, Louis Is mortgage trustee. V. 75, p. 1203.
Carglll; Sec and Trees.. 'J. H. McMillan. Otnce.Plne Bluil,
dent. W.
Ark.-(V. 75, p. 498, 981, 1149, 1203.)
W
I
.
Plltnburz (burlier.
Plttnburi: Cincinnati
A Youghloglieuy Ry.— See page 17J.
Chicago A Nt. Louis It) .— (See Map.)—
Lines owned.
if ilea.
I.
Reudcomb Jo.
owned
Total
firs leased
—Con.—
Mxles.
Ohio Connecting Rv
Pitts. Wheeling A Ky
Eng. Connecting Ry. in Chio.
Other nes
Operated under their own
509
to Anoka Jo... 166
Bradford Jo. to Indianapolis. 104
I ndianapolls to Jefferson Wile
108
Branches
816
Plttahurg.Pa., to Chleago.IU.
1
3
28
2
5
1
—
organisation
Pittsburg Chartlers A Youga-
I.ioj
Trackage—
Indianapolis to Kokomo
55
lioulsvllle Bridge, etc
5
/.i>ir«<e<u'<f(H8ee these oo's.) Miles
' Chartlers
23
loghenv Ry
Cin In a. Musk. Val. RR
Waynesburg A Wash. RR
19
149
28
Miami
Total of all Jan. 1,1903... 1.812
192
inlat ion (per terms In V.
Organization, Ac— Formed In 181
875) of Chicago St. Louis A Pittsburg, Jefferson vllle Madison A
50, p.
Indianapolis. Cincinnati A Richmond and Pittsburg C1n. A St L Controlled by Pennsylvania Company through ownership of stock.
Capital Stock.— The stock authorized is: Common, $45,000,000;
preferred. $30,000,000; par, $100. Outstanding Dec. 3
1902. common,
7. ->3i;
Stock listed to Sept, 1902.
16.
preferred
•Little
•
1 ,
1
oommon. 825.539,300;
preferred, $24,000,000. suit V.
Of the preferred stock. $15 000,000 Is
69, p. 1248; V. 70, p, 126
as collateral under Penn. Co certificates of 1901. V. 73. p. 957.
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 right after 3 per oent has been declared on the
oommon to an additional 1 per oent, making 5 per oent In all."
After 5 per oent on both common and preferred, the two share pro rata.
I
'
Dividknds.—
On pref. p.
On com.,
c—
)
\
34444
202
1892-93. '94. '95. '96. '97-'93. '99. '00. '01. '02 1903.
4 yearly.
1 p. c,
Aug. 15,
'01; In '02 a
1
!
(FAA).
Stock of Old OOMPAnH unexchanged Jin 1, 1903; Plttsb. Cin
A 8t L common, $26,750, Chio. St. Louis A Plttsb., oommon
267, and preferred, $6,052: Steubenvllle A Indiana, oommon, $78,771,
$5,000.
and preferred, $7.i0; Jeff. M. A
Bonds.— The consolidated mortgage for $75,000,000 (Farmers' Loan
A Trust Co. of N.Y.and W. N.Jackson, trustees,) covers the entire propI
.
—
o
113
INVESTORS'
1
SUPPLEMENT.
I
vol.
LXXVI1.
-
o
MAP OF THE
U
t.-yia
ROCK ISLAND COMPANY
111 rino
H
SYSTEM.
ci^
EdgemoC
Bonbad
Dakota
c
Je.
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July,
EAPOLIS
v
IHOJ
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ifleld
KAILROAD STOCKS AND BONDS.
1903.]
?
!
,
PAUL
.V. P1 I'
113
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JALVESTON
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e
o
114
INVESTORS' SUPPLEMENT.
[Vol.
LXXVII.
o
.
Julv,
i
KAILROAD STOCKS AND BONDS.
1903.J
115
I'nnel•.EST OR DIVIDENDS.
R WI.KOAD8.
pal.When Due.
Mile* Date 81m, or
Amount
Kal ** l"' r When Where Payable, and b> Stocks— L*m\
1'ar
For explanation of column headings, Ac, aee note*
of
of
rwSienrii,..,
outsianoung Ceut
Whom.
on first page of tables.
pHJ
Road. Bonds Value,
.
v
Oin. Vhir. <* St.L. — ( Con.j—Ht. A Ind. 1-t
Jen'nvUle, Mad. & In. 1st M. (s. f. drawn at 110).
2d mort., Jeffersonv., Ky., to Indiauap. A br'h.e
Mr
Pills.
1864
1866
1870
116
222
222
•1,000
1,000
1,000
ilV.HI
1892
Con. M., $75,000,000, gold, guar. p.*l.
]
!!
.
J!
1,000
B02
1 B9S
1899
1,000
1,095
1-
1
5
$8,000,000
•731,000
419
g.
,
<•.
-
A.
4>«k
M.
F.
J N. Y., Natl City Bank.
O. N. Y., Fanners' L'n A Ti
A
A
7
A.
7
J.
4»*g. A.
1,970,000
10,000,000
8.7S0.OOO
1,379,000
4,983.000
by Pennsylvania Company. F| „ i,'" ,.•
1,000
3>ug.
1,000 bl0,837,OOO
("E," g.0"
Pittsburg Cleveland rf Toledo -See Baltimokk A Ohio RR.
100
19.714.286 See text.
Pxttsb.Ft. Wayne J.10.
470
Gen. stk., 7 p. c. guar. 1'n. KB
',700 See text.
100
Guaranteed special Imp. stock, 7 i>.
guar, by end
470 1871
5,250,000
\ i.. r
sink, fund, cumula-)
1st mortgage, *<t:.
468 1S02 500 Ac.
o* >
ls«2
5,160,000
2d
1«M j tlve, not drawn.
468
do
2,000.000
3d mortgage
468 1862
150,000
5 g.
Pitls.J.Kb.dh..
A.aB ('.Ter.KR.,lstM.g.,gu p.Al.o*
1901 200 Ao.
3
Pittsburg Junction- See Baltimore <fc Ohio.
50
10,000,000 10 In '03
Pittsburg <t Lake Krie— Stock, auth. #10,000,000. ..
1,000
71 lsTs
2,000,000
1st mortgage, gold
o
8 g.
1,000
71 1SS9
2.000.000
2d mortgage, gold, Series A. A B.N
6 |.
600,000
Pill*. Lisbon tf West—Sv\\ mort., g.,see texr.H.o'Ar
1909
1,000
4g500
5
P. L * W. Ky
1ft M., subject to call at 105
25 L896
1SS4
Pittsburg SIcK. <£ Hough..— Stock, Kuar.,eee text
50
3.959,650
6
"57 L882
1st mortgage, guar, by P. A K. K. and L. 8. AM. 8.c
1,000
6
2,250,000
v.\ I.. K.andL.S.AM
2dM.,gu
57 1SS4
1.0O0
6
900,000
l.ooo
MoKeesport A Belle Vernon, 1st M., g., ass'd FFI
28 ISMS
6 g.
$00,000
Pitts. Ohm VaLd Oin.
15 1S!»0
5 g.
1,000
290,000
Lai M. g.,s.f. not dm FP.c"
iimore A Ohio RR.
Pittsburg Puintetc. if Fairpo
- 2,000, OOOColO*
112,< 00
5 g.
1,000
Ftitofr. Shairmnt
899
4 g.
New mortgage, gold, $15,000,000
1902
5,888,000
'"60
-lock if (.,000,000)
Pittsburg
84
3. 772,400 7 In 1902
Cons. M.,now it, g., B. f., not dr'n. <cr. A <JP 0"
84 1895
1.000
;i,ooo
4»« g.
iking fund Jan 1, 1903. held $2,212,000 addltl onal.
b$73 ?,ooo.
Pitltbura <£ Western—See Baltimore A Ohio UK.
(end.)
A
A
A
A
A
J.
N.
A.
'<
do
do
do
Q.-J.
N. Y., Wlnslow, L.
Q.— J.
,
Latest Earnh.- S mos., > 1903. ..Gross, $9,741,283; net.
Jan. 1 to Maj 31
9,005,263; net.
s 1909 ..Grata,
Annual Retort.— Report for It 0'2 at length in V. 70,
1902
l>ar ending Dec. 31.
.
p. 7
I
A
.V
A. Pittsburg, Co.'s Office. Aug. 1,'03, 5%
.1
do
do
Jan. 1, 1928
O. N.Y., Security AT*. Co Jan. 1, 1928
D. N.Y.,BowLQreenTr.G
1952
"
J.
Com
1
BR
l'lttnbure Fort Wnj nc A < lilcn-o Uy.—lSee Map Penn. Mi.
Road,
d Pittsburg, Pa., to Chicago. 111., ami tir.. 170 miles.
Double track. 271 liiiles, of which part was built in 1893. In July, 1900,
66 miles of additional second track was under const ruction.
rrclosed Oct. 24, 1861, and r.
From July
D perpetuity to the Penn. ELlL;
1, 18C>:'
rental pays Interest, sinking fund of debt and 7 per oent on stock, payable Q.-J. The
lessee keeps road In repair and pays taxes and expenses.
In July. 1901, an extra dividend of 2 per cent was declared on both
stocks, but it will be paid on the guaranteed Bpeoial Btook only In oaso
>
i
1.
it.
V. 72, p, 821, 1188.
u STOCK.—The special Improvement stock Is Issued to Pennsylvania KK. for Improvements, Ac, under article 16 of lease, which
Cvi'ii
Frovid.<s that the lessor may issue special bonds or stock. See V
39, and wording of endorsement In V. 56, p. 774. The specla
In all respects subject to the general or prior stock and
rights of holders of said general or prior stock to ha\e distributed to
them in Quarterly Instalments an annual dividend fund of $1,8
^ special stock
is issued from time to time for
free of all t
betterments; In 1898, $335,300; in
1900. *l.()o
In 1900. $1,291,200; In 1902, $1,418,200; u 1903. s^.oiO, 100. Of the
$24,033, 300 guaranteed special stork outBtandln
925.900 is pi dged to secure bonds of the Pennsylvania Company.
V. 75, p. 10*7.
Bonus.— The tlrst mortgage is in series of $875,000 each and second
mortgage of fstiO, 000. Of the above 1st mortgage bonds, $3.044,ooo
and of the second mort ga
\.")00, and$2.
>-h, were held
In the sinking funds June 1, 1903 J
Report.— Report for 1898 In V. 69. p. 127. In 1902 profit to lo«see
Is
;
was $781,049; in 1901, $831,230— (V775, p. 10S7; 7.76,0.1866,
Pittubur-; Jo hunt own Kbciifthu r<; A Kanleru Hit.—
gauge). Owns Frugality to Philllpsburg, Pa.. 34 miles;
for 990 years Altoona
Beech Greek Terminal KK.. Juniata Junction to Altoona,3 i miles, guaranteeing Its $150,000 5 per 01
bonds, prin. uud lit. V. 73. p. SI. 139, stock authori
000; outstanding. $1,200,300; no bonded or floating debt In July,
1901.
000 20-vear 4 p. c. car tru-ts, dated June 1, 1900.
drawn $3,000 r< .11 ly for the sinking fund. Year ending June:
gross, $4.">,174; net, *4,610. Chairman of hoard. John F. Finney;
President, Samuel P. Langdon. Philadelphia, Pa.
V. 76, p. 142.
Plttaburv Junction Hit.— see v. t;7, p
t, io.*»6.
B.
O. is In control, owning all of the securities except *14.9.">0 common stock, $959,000 tirst 6s $270,000 second 5s and *2 19,000 Terminal Co. 5s. 8ee B. A O. and V. 69, p. 1003, 1 192 and V. 70, p. 77.
3-ft.
A
l
<
1
(
A
Pittsburg A Lake Krte KK.—Owns from Pittsburg, Pa., to
Youngstown, 0..68 niilep, to be four-tracked; brauch lines to Newcastle,
Pa.. 4 miles; total owned. 72 miles (of which 70 double track); leases
Pitts. MoKeesport A Yough. (which see), 103 miles; Mahonln
Line RR. 3 miles, and Beaver A Ellwood RR., 3 miles; other, 4 m.;
total operated, ls'i miles.
Owns $139,850
Chartiers A Yough.
P. A K. K.
Mich. 80., which owns about $4,050,29, 1903, to
tho stook to $10,000,000, to provide for Improvements. Including the
four tracking of the line from Youngstown to MoKeesport, etc..
the new stock beiug offered to stockholders at par; payment to be
made July 31, 1903. V. 77. p. 37.
Dividends.- 5 1884 to 1891.
1892.
1893 to Aug.. 1903.
Per cent. <
6 yearly.
8
10 yearly.
Annual Report.— For year ending Deo. 31. 1902. gross. *10,098,70C>; net. $2,236, 171; tax68. $143,430; Interest, $227,408; 736; other, $13,728; div., (10 p. 0.), s-~>00,000 bal., sur., »72.169. In
1901, gross, $8,047,167.— (V, 76, p. 973. 140 1; V. 77, p. 37.)
is
operated
000
stock
of Pitts.
in Interest of K. s.
of stock.
A
The stockholders voted on June
1
;
Pittuburjr LUbonA Western K K.— New Galilee, Pa., to Lisbon,
O., 25 miles; Salem to Waehingtonvllle, O.. 7 111., coal road, 3 miles;
35 miles. Extensions arc reported to be proposed to Canton;
Ashtabula aud East Liverpool, O., and in Pennsylvania to a connection
with the Buff. Roch. A Pitts
A consolidation in Nov., 1902, of the
P. L AW. Railway, the Salem Ry. \V. 72, p. 937) and the Shenango
total,
Phil.
.
•
J. N. Y., Union
J.
do
do
.1
J.
A
A.
nTr.Co
Trust Co.
do
do
A
N.
,
1903.
Julv
July
1,
Oct.
F.
A.
A
A.
1,
Feb.
1.
1949
1952
1.
Central Trust Co.
Philadelphia Office.
do
O.
3%
1932
1934
1918
1920
1,
A.
M.
.
J
Juh
J. Plttsb'g. Fidelity Tr.Oo.
O. Phlla., Broad 8t. Stafn
FA
A
L911
1931
1,
1,
May 1,03. 34
Apr.
do
1925
1,
a BeSYVer Valley Ry. of Penn, V. 75, p. 791. stock, all outstanding
$5,000,000, all common. The 4s of 1902 arc limited to $40,00" per mile
of Bln&le main track road now owned or hereafter acquired, including
provicion for underlying bonds, 0162,000 bonds
rved to
e V. 76. p 383
rear ending June
retire the $150,000 fives
30,1909, |S2 miles) gross, $83,163; net, $19,686;
bal., sur.. $6,593,
President, N. h. Blillngsley, Lisbon, 0. (\
17, 1032; V. 76. p. 49,383.)
<
1,164
Miles operated (system proper)
$22,610,557
Gross earnings.
Net earnings
5,705,687
Miscellaneous
71,042
Total net earnings
Interest on bonds
$2,202, 05
131,6*7
Rentals paid
Car trust* (Including Interest)
'1.
Miscellaneous
(4%)9o7926 1%) 907,870 (4%)9O7,07O
Dividends on preferred
(b%) 743296 (2>?%)618
Dividend on common
Balance, surplus
$138,080
$547,743
•
Lnolodes extraordinary exi>endltures In revising grades, alignment,
etc., etc.
x Includes profit In operating Kittle Miami RR. and St. K. V.
r
AT. IK
(V. 71, p. 13, )(;; V. 76, p. 788j V. 7$, p. 7 is. 1ST.)
IMtl.l.. Clcvo. A Tol. lilt.— See Bait. A Ohio RR.-(V. 76, p. 49.)
the courts hold that stock entitled to
l\
1\
F.
1
I
'03,
7. '03,
1, 1912
1, 1912
July
July
July
Jan.
J.
I
l
AOo. July 7,
O.
-
1
1,
1,
1,
1,
A
A
A.
J.
,
-.
1,
Oct.
July
do
do
do
do
do
do
do
do
Tltl.ATr.Co
Various
Various
/
1914
1900
1910
t.
1940
Apr.
1942
.1. 1942
Nov. 1, 1945
Aug. 1, 1949
Jan.
do
do
do
do
do
do
do
do
do
J.
1
I'liinbiir:;
KeKeeaport A
Hit.— Owns from
V«>us;hl<>irlii-ii>
N. Haven. Pa., 57 m.; MoKeesport to F,i\ctt«- City, Pa., 31 m.;
b.aiuhes, 13 m.; leases 2 m.; total, 103 in., of which 50,m. double track.
Lease.— Leased to Pittsburg A Lake Erie RR. for 999 years. Rental
Is 6 per oent on the stock, principal and interest of the Pittsburg McK.
A Yough. bonds being guaranteed by Pittsburg A Lake Erie and Lake
-ho re i Michigan Southern companies, the guaranties being endorsed on
the share certirlcates and bonds. The guaranty of the stock is on the
condition that the holder shall accept par for the same on July
See wording of guaranty In V. 56, p
1, 1934.
authorized, $2,250,000; 2d tutge. bonds
$4,000,000; first ml
Profit to
I,
of which
authorised, $1,750,000.
one-half was payable to the Lake Shore A Michigan Southern.
Owns road BeliI'lttNbtirs Ohio Valley A I'lncl nuatl
al re, O., to Powhatan, O., 18 in lies. Operated for cost by Pennsylvania
Company In connection with Cleveland >v Pittsburg slnoe Deo, i, 1892.
TrusBtook, authorized, $1,500
tee of mortgage (for $1,500,000., Fidelity I ns., etc, Co. of Phlla. Year
gross, $22,766; net, $-1,785.
ending Deo. 31, 1902,
•
-
KK.—
I
1* in -bury: Pntnearrllle A
Pnirport KK.— Owns Falrport, O.
()., 53 miles. In July, 1902. the Baltimore A Ohio
RR. pledged the $800,000 common stook and $235,050 of the $250,000 preferred stook and all the 1st mortgage and terminal bonds as
part security for Its own Pittsburg Lake Erie A West Virginia £
Is.
V. 72, p. 1188. For 7 moil hs ending Jan. 31, gross, $200,542 In
1901-2. against $296,285 in 1900-1.
to Y'oungstown, etc.,
U>; Int.
June 30, 1901. gross, $475,277; D
In 1S99-00, gross,
2; balance, surplus. $33,194.
L2S,209.-(V. 71, p, L82,
p. 1188.)
IMtliliurii slinwiniit A \0rlI1er11 KK. I:
ed as
a short route from tho bituminous coal fields In Elk and Jefferson
counties. Pa., northerly to Macedon (on the N. Y. Central A Hudson
EIR.), Including branches, 350 miles. Of first division, Wayland
to Shawmut, Pa., [228 miles], 168 miles Is In operation, viz.:
Own**leased- (ConcU
Mile
llornells. Jet. to Uornellkvllle
rmott, Pa
10
*3
tit. Jswett to Oorrrvule, Pa
7Vd( I
is
var
to Shawmut. Pa
6
36 Hriirki>nrt to BrockwaTTllle, Pa
*
let. to Cardiff. Pa
la
e. 1' 1.,
l.arabt-o
8
iding
and
t;i
I,
—
-
:
•
Total operated
13
108
i he extensions under oonsti notion include: Clermont to Kasson, Pa ,
7 4 miles. Corryvllle, Pa., to Olean Jot., N. Y., 14 m., and Bolivar, N.
Y'
to Angelica, 23 111.
m/. \ in is.—
consolidation In 1899 of the Central New York
Western, Bull
's A Southwestern RP... etc.
owing to failure in 1901 of Maniuand A Company, who purchased
the bonds, reorganization was necessary.
V.
Cnder plan,
1,
p. 327 (only $112,000 of old $6,000,000 5 per cent bonds not having
in Oct.,
.cut bonds received In ex1902.) t
t
bonds of a $15,000.
10 per
ta follows:
cent on which interest began to run Feb. 1, 1902. and IOO per cent on
which interest will accrue from Aug. 1. L903. The Kersey RR., 12
inr.es. formerly leased, and about 150.000 additional acres of coal lands
and mineral rights were placed under the m-w mortgage. \
:t27, and Circular, p. 57s.
The Don assenting bonds have r.
Interest to Aug., 1902. The old 1st.*
not been canceled. V. 75, p.
:<i.
v.— All com., auth., $15,000,000; Issued, $6,000,000; par $100.
,
A
A
,
l
•
LAXM1
K vusinos.— For 9 mos. ending Mar. 31.
9 mo*.
Gross.
Set.
Chargn.
nc.
Bal.. sur.
-
1901-2
F.
U9.177
i88.se ;
ending
the completed portion, earn
9,1902, were:
Gross. $595,141
net. $246,601; Other Income,
.!
xrxinos— On
1
;
'.txes, etc., $.<
>KX).
.-•KRS.— President, Jonn Byrne; l? Wall St.— (V. 76, p. 30, 291.)
Pitts. Micnan^iA Lake Frlc.—See Pitts. Bessemer
Erik.
I'lUfclMir- Ternitnal KK. A Coal CO. -V. 75, p. 1355,1400;
&L
V. 76, p.
1
I
IMttHbur^ Virginia
A
to Brownsville, vc, Pa.,
82
riiitrlcktou
m
Jan. 1, 1903. $3,382,050 stock, and
lngs as rental, the bonds
Ky.—South
Pittsburg,
R..
all
the bonds,
Pennsylvania RR. offer
$1 19 50 of Its own stook for
Dividends.—
)
:06.
55355556 777
'92. "93. '94. '95 "96. '97. '98. '99. *00. '01. '02.
Per cent... S
^:SG8.— Year end. Dec. 31, 1902, gross, ?3,650,290;
341; other income. $6,614; fixed chargep.o.).-(V. 76, p. 1302.)
Pa.
which owned
si
U 03.
May.3»9
n
Uvliends(7
t
I
116
INVESTORS' SUPPLEMENT.
RAILROADS.
v
[Vol. LXXVII.
INTEREST OR DIVIDENDS.
""^"
wl
Miles Date 81ze,or
A m nil n
of
Par
of
Rate perl When
For explanation of column headings, Ac, see notes
Road. Bonds Value. Outstanding
on first page of tables.
__.»
,
-^-p-^ Where
I
Toungsl. <t Ashtab.—Com. stock, $2,000,000
Preferred stock. $2,000.000
Ashta. A Pittsb. 1st M..Y ngst'ntoAsht.O'AFPr.
Consol. M. (for $4,000,000) s. f. 1 p.o, not dr.F.ePlymoutt, <f lltiiiflebnro, l#l M.,lnt. gu.by OldCol.o*
Poiitiac Orford if .Worth.— 1st M.,g.,$400,OOO..TIe.o*
Portland <f liochmtii See Boston A Maine RR.
Portland <C Rumford Falls.—Stock
Consol., now 1st, mart., $1,000,000, gold.. OB. o*
Plain bonds, sinking fund, gold, $350,000
c
Portland Union liy. SUt.— 1st M., ser. "AAB,"gu.s.f
Port Reading.— l*lM.,e.,gu. by old P. AR.PeP.o'&T,
Potomac Valley— 1 st M.$2,000,000, s.gu.TI e Ba c*Ar
Potosi d Rio Verde— 1st M., $15,000p. m.,8.f..llo.o*
Providence <£ Springfield 1st M. gold.
o
Providence <e Worces'tei Stock (10 per cent rental).
1st M.(refund'g),cur., $1,500,000. V. 03, p. 1064.0")
Quaker toten <t Eastern— 1st mort., gold GuP..o*
Queen Anne's RR.— 1st mort., $12,000 per mile...
Prior Hen M., red. at 103 to 1906, then par
Consol. mort., $1,400,000 (4 p. o. for 3 years)
Pittsb.
—
——
125
125
62
125
$50
50
1878
1SS7
1 892
1896
15
100
1887-0
1891
1891
1898
1892
1,000
1.000
1,000
1,000
1,000
1,000
500
100
100
100
1902
1,000
1903
1,000
1889
1,000
1862 100 Ac
1864
1,000
1877
1,000
1900
1.000
RR,-
&
&
Report.— LaBt report
(V. 73,p.;il09), showed, Including leased lines:
Balance.
Oross.
Net.
Other inc. Int. A taxes.
$4,080,687 $1,534,029 $3,000 $1,078,729 sur.$348,300
3,835,034 1.337,861
3.726
1,076,652 but. 264,935
33, 445, 785, 1011, 1 1 09; V. 74, p. 268.)
—
1900 01
1899-00
— (V. 73, p.
Pittsburg
Youngatown A Anhtabula RR.—Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junotion. O.,
85 miles Canneld Branch, 1 mile ; trackage, 3 miles. Total, 128 miles.
;
Organization.— Leased August
1,
1887, to Pennsylvania Oom1903, owned $375,000 common and $1,550,000 preferred stock; rental net earnings. Lease terminable at cither's option
Dividends. ) 1890. 1891. 1892-95. '96. '97 to 1900 '01. '02. 1903.
Common, p.o. S 2*2
3
6 yearly. 6 1* 6 yearly. 6»« 7 Mar, 3*fl
On preferred, 1888 to Mar., 1903, 7 per cent yearly (M. A 8.)
Bonds of 1887 are reserved to retire 6s.
Bonds.—
Earnings.— In year 1902 gross, $2,713,130; net, $912,326; other
Income. $20,082; int.. improvements, etc, $861,163; dividends, $212,044; baL, def., $140,799.-(V.73, p. 616.)
Pontlac Oxford
Northern
Operates road from Pontlao
Mich., to Cascville, Mich.. 100 miles.
In year 1902, gross, $197,897
';s,474; interest. $24,000; dividends, $.r>0,000; Stock, $1,000,000.
Dividends: In 1890, 1 p. c; 1891,3; 1892, 4; 1893,6; '94,4; '95, 3»s;
1900, 4; 1901, (1) 1902, 5. President, Hugh Porter, N. Y.
summit vlllc
Port Jervl* Ifloutlcello
Owns Port
Jervls, N. Y., to Monticello, N. Y., 24 miles, and Huguenot to Sumraitvllle, 18 miles. Successor to the Port Jervis Montioello & New York
RH., foreel 'Bed Deo. 2, 1M02. V. 75, p. 1254, 1303. Stook, $110,000.
is owned by N Y. Ont. & West. Ry., to whloh ro id Is to be leased
Bonds, $327,000. Iu year ending June 30, 1902 (old oo.), gross, $63,241; def. under op. exp., $2,113. -(V. 75, p. 12 54, 1303.)
pany, wnloh Jan.
1,
A
RR.—
;
;
A
Portland
A Kumford
Fall*
RR.—
Ry.—Owns Rumford Jot.
to
Rum-
ford Falls, 54 miles; branch to Otis Falls, 10 m.; trackage (Me. Cent.)
Rumford to Lewlston, 4 m.; total operated 68 miles. Controls Rumford Falls A Rangely Lakes RR., 41 miles of track.— V. 69, p. 954.
Dividends— ) 1896 1897 1893 1899 1900 1901 1902
Percent.
J
4
5
4
6
4
6
1903
6
Inol.J'ne,6
Annual Report.— Report
—
for 1900-1 was in V. 73, p. 1008.
Int., tax. .etc.
Net.
Dividends. Bal.,sur.
Teat
Oross.
190102
$556,686
401,493
1900-01
$246,513
175,196
$80,656
76,147
(6)
(5)
$90,000
65,000
$78,856
34,049
1008; V. 75. p. 612.)
Portland I nlou Railway Station.—Stook, $50,000. Bonds
guaranteed Jointly by Boston A Maine and Maine Central.
Port Keadlnt; RH.— Owns 21 -21 m. of road, completed in Sept..
1892, from Bound Brook, N. J., to State n Island Hound; Hidings and
laterals, 27-79 m.; total, 49 OO m. Capital stock authorized $2,000,000—
par $100, all owned by Reading Company, $1,555,0(10 being dl
-(V. 72,
p.
1188; V. 73,
p.
general mortgage of 1897 and $110,000 under Jersey Central
collateral mortgage.— (V. 55, p. 544. 639, 680.)
I'otoiniK Vail.) it it. —opened In sept, 1892, Potomao Valley
June, Md., to Gherrj Run, \\ \u., on the B. A O., 14 miles, ana
from Porters, Pa., to York, I'u., 17 miles; total, 81 miles. Capital
d to Western Man land, tin bond*
Stock, $500,000 ($50 sha
of 1941 having principal and interest guaranteed, lolntly and severally, by the Western Maryland RR. <'o. and the Baltimore A ii.irrisimri
Ry. Co., and being soendorsed. 'I lie bonds have a sinking fund of 7-lC
of one per cent Year 1902, net, $286,891. For year ending Bent 3()
1901: Gross, $395,263; net, 9288,920.— (V. 68,p. 180; V. 70, p. 1144.)
I'otonl A: Itlo Verde II),- Owns a narrow-gauge road from City
of San Luis Potosi, Mexico, to Baolenda Alvarez, 40 miles.
Has confor 99 years, expiring Nor. 4,1985, when railroad becomes
the property of the Mexloan Government, Company is exempt from
taxes and mi, oil duties for L5 years
Bonds are subject to call at 110
under
its
.
I
I
i
and interest on any
NOUTHO
Jr.,
interestday.
27 William street,
Providence A
Now
Pros., Robert 8.
Towne; Hoc, O.J.
York.
Sprliiigllclri If If .—Providence, R. I. to Douglas,
Mass., on the Nen England
line, 2s miles. Stook is 9
$100), mostly owned hy tin N Y. NYw II A Hart. V. 01, p. 101;
leaied (terms modified in Julv, 1896,) to New England BR, till July
mam
M.
At
A
A
A
A
A
A
A
A
A
4to5
4
IR Lin K Ry.
Pittsburg Lake Erie & West Virginia system 4s the entire $13,500,000 of new stock, $5,982,000 of the $9,700,000 first mortgage 4s of
1887, $81,000 old 6s (all), $136,000 of the $219,000 Pittsburg New
Castle & Lake Erie 4s due 1917 and $3,500,000 new mortgage bonds
of Pittsburg & Western RR.— V. 73, p. 445, 785.
lo June 30
A
A
A
A.
(t)
Sufficient oonsols are reserved for the purpose of retiring all sectional bonds at maturity, at whloh time they must be paid oft The
remainder are Issuable for improvements, additions etc. They are
guaranteed unconditionally as to principal and interest by the Pwin
sylvania Company. The five series are all equally seoured. See adv.
In Chroniclk May 21, 1892, and guaranty on bonds, V. 56, p. 604.
(See Map of Bait. <6 Ohio .)— ROAD—
PI Unhurt;
Western
Owns Allegheny, Pa., to New Castle, Pa., 60 miles; standard-gauge
branches to Foxburg, 53 miles; 3-ft gauge lines to Jewett, etc., 108
miles; total owned, 221 m. Leases and controls Pitts. Cleve. A Toledo,
Mahoning, 11
77 m.; Pitts. Painosville A Fairport,53 m. Trumbull
m.; total system, 362 miles.
Status. — Road sold on Oct. 9, 1901, under the 2d mortgage and reW. RR;, B. A O. pledging as part security for its own
organized as P.
:
J.
J.
(t)
rental.
,
I
See text.
382,000
650,000
350,000
1,000,000
750,000
fto>irf»-PrlnoiP*l, When Due.
Stocks— Last
Dividend.
8. N. Y.. Farm. L. ATt.Co. Mar.25'03, 3»*
8. N. Y., Far. L. A Tr. Co. Mar.25'03,3»s
A. Phlla., Fidelity Tr. Co. Aug. 1, 1908
N. N. Y.,Farm. L. ATr.Co. Nov. 1, 1927
Boston.
J
Jan. 1, 1912
J. N. Y.Mero'le Trust Co. July 1, 1916
O. N. Y., Co.'sof., 27 Wm.
J. Pro v., R. I Hospital Tr
funelS.'OS.l"*
Nov.
Aug.
1926
1927
2,
1,
Jlv'27,Jan.'29
Jan. 1, 1941
Jan. 1, 1941
Oct.
1918
1,
July 1, 1922
Providence, Office.
June30,'03,2i«
O. Prov., R.I. Hosp. Tr. Co. Oct. 1, 1947
Quakertown, Pa.
J.
Jan. 1. 1927
D.
1945
Baltimore.
Moh. 1, 1951
8.
Q.—M.
5
5
330,000
erty.
A
g.
5g-
(»)
1901
1901
Railroad Securities -8tock, com., $10,000,000
Pref. stock. 4 per cent cum., $10,000,000
....
111. Cent. stk. Int. certs, cum., g.,ser. A,red 105 IT n
Raleigh <£ Augusta— Raleigh <£ Qaston— See Skabo akd A
Raleigh <t Oape Fear— 1st M., $310,000, goid.K.o*
20
Rariian River RR. -1st mortgage, gold
o
40
Reading tt Columbia— 1st mort. (ext. In 1882)... o*
40
coupon (extended in 1884)
o
2d mortgage,
o
Debentures
'7-4
Read'g Belt— 1st M.g..$750,000, gu.p.&l.end.GP.o*
J.
A
A
A.
5
10
4
10
1,750,000
J.
4,750,000
2,575,000 4 In 1902 A.
8,000,000
4g- J.
1.0O0
1895
1901
6g.
400,000
750,000
3,500,000
1,500,000
180,000
100
1897
1897
&
Whom.
Portland, Me.
2,000,000 6 In 1902 Q.-M.
992,000
4 g- M. & N. Boston, Old Colony Tr.
350,000
4 g- F. A A. Boston and Portland.
4
J. A J. Portl'd. Me. A Boston.
300,000
Philadelphia.
1,500,000
5 g. J. A J.
1,800,000
5 g. J. A J. Baltimore, Hlllen St'n.
1.000
1896
1897 500 Ac
l
Income mort.. *600,000
Quincy RR. Bridge Co.— Stock, 10 per cent
'
1,000
100
01
A
A
A
A
A
$1,333,342 7 in 1902 M.
1,700,000 7 In 1902 M.
1,500.000
6
F.
M.
5
1,562,000,
5
J.
225,000
6 g. J.
400,000
1.000
1.000
'
Payable, and by
M.
5
5
5
5
6
g.
g-
4
g. IM.
J.
I
M.
J.
J.
Boston.
J.
O.
J. N. Y., oflloe,
July
1, '03,
6%
Apr. 1, '03,2%
120B'way. Jan. 1, 1952
New
Y'ork.
8.
Tr.
N. J. Tit. Guar.
J.
Read. RR.
8. Phlla. . Phil.
A
&
do
do
D.
do
do
D.
Phila., Read. Ter. Bide.
8
Mar.
1943
193»
1918
1904
1917
1950
1,
1,
1,
June 1,
Deo. 1,
Sept. 1.
Jan.
Mch.
**
1989, at 4 per eent on stook. See V. 63, p. 30, and New Engl a11
RB. report V. 63, p. 698. The bonds were guaranteed by the N. Y. *
New England (since foreclosed).— (V. 63, p. 30.)
Owns from Providence, R. I., to
Providence
Worcester
Worcester, Mass., 44 miles, of which 5 miles are owned Jointly with
Boston
Providence; branches, 7 miles; total owned, 51 miles;
From July 1, 1892, leased for 99 years at 10 per cent per annum on the
Btookto the N. Y. N. H. A Hartford.— (V. 63, p. 1064.)
1.
A
RR.—
&
Quakertown A Eastern RR.—Quakertown
to Rlegelsvllle,
Stock, $180,000, all outstanding; par of shares, $50.
30. 1902, gross, $25,198; net, $6,785; charges, $11,970.
President. John Jameson; Sec, Henrv 8. Funk; Treas, James
H. Shelly; Gen. Mgr., A. F. Baker. Office, Quakertown, Pa.
Quebec Central Ry.—V. 75, p. 30; V.76, p. 594, 920, 1219, 1408.
V. 72, p. p. 989; V. 73, p. 1203.
Quebec Lake St.
Quebec Southern Ry.— Owns Sorel, Provinoe of Quebec, to
Noyan, 89 miles; St. Lambert to St. Francois, with branch, 55 miles,
(former South Shore Ry.); total, 144 miles.
Extension east, 85 miles was proposed in 1902, making short line
between Montreal and Quebec. See V. 74, p. 95. A consolidation was
also voted Jan 14. 1902, with the South Shore Ry. V. 74, p. 152; V. 76,
p. 1249. Stock to be increased to $4,000,000, all common. In 1903
negotiations for a settlement and possibly a sale of the road were
pending. V. 75, p. 240, 550. 612, 1032, 1255. President, H. A. Hodge,
Montreal, Can.-(V. 75, p. 612, 1032, 1254; V. 76, p. IS 19.)
Quebec Terminal Railway Co.— See V. 71Jj>. 603; V. 77, p. 38.
Queenstown, Md. to Lewes, Del., and
Queen Anne'*
Rehoboth Beach on Atlantic Ooean, 60 miles. Pennsylvania tracks
used between Lewes and Rehoboth, 6 miles; branch, Queenstown to
comOenterville, 6 miles; branch, Queenstown to Love Point, T2
pleted Apr., 1902: total, 84 miles. All tinanolal information refused.
In 1902 obtained authority to Increase the stock (recently $720,000)
to $3,000,000, consolidate by lease or otherwise with connecting railroads, and issue $30,00) bonds per mile on its entire line; also to extend from a point east of Denton southerly via Federalsburg, Salisbury
and Snow Hill to the Virginia State line and thence to Cape Charles,
Va. V. 74, p. 206, 728.
The consols bear interest at 4 per cent for three years and 5 per. cent
thereafter, of which $732,000 to retire the old 5s, balance to retire
Year ending
prior lien bonds and for improvements. V. 72, p. 283
June 30, 1902, gross. $161,709; net, $19,434; total deductions, $33,496; bal„ def., $14,062; 1900-01, def $10,784. Pres., Williain H. Bosley, Baltimore; Vioe-Pres. and #en. Mgr., Charles Nellson; Sec, A. H.
Taylor.— (V. 70, p. 532; V. 72, p. 283; V. 74, p. 206, 728.)
Quincy Carrollton St. Louis Ry.—See Scpr. of Jan. ,1903.
In 1902 sold to C.B. AQ,
QiilncyOmaha Kansas City
Quincy
Rrldge Co.—Owns bridge 1*43 miles long over the
Mississippi River at Quinoy, 111. Leased Jan. 1, 1869, during life of
charter, probably 100 years, to C. B. A Q. RR. at annual rental of
$175,000, whloh pavs 10 p. o. on stock; on Jan. 1, 1903, 1 p. c. extra
was paid. V. 75. p. 1355. In Jan 1903. the Chlo. Burl. A Quinoy had
purchased $1,591,000 of the $1,750,000 stook at 8200 per share
in Its Illinois Division 3»* per oent bonds.— (V. 75, p. 1032, 1355.)
Railroad Securities Co.— Organized by Interests Identified with
the Illinois Central to acquire and hold securities of railroads. Stook,
common, +10,000.000; pref., 4 per cent cum., $10,000,000; outstanding, common, $4,750,000; pref., $2,575,000. The $8,000,000 present
issue of the int. certificates ($20,000,000 authorized) are seoured by a
like amount of Illinois Central stook, Interest at a 4 per oent cumulative rate being payable if reoelved from dividends on the shares
pledged, the stook itself being deliverable to the holders of the certificates at inaturltv unless the option to call at 105 is meantime exercised. V. 71. p. i)37, 1031). Dividends In 1902, 4 p c. (paid A.& O.)
on pref; in 1903, April, 2 p. c.-(V. 74, p. 428, 937, 989, 1039.)
Pa., 15 miles.
Year ending June
John Ry
A
A
RR.—
m
.
.
A
RR.—
A
RR.
,
Italoljili
A Au-uma Air Line RR.
>
8
seaboard Air Line Ry.
If.— Operates from K ilru-h N.C, to
Bippehaw. 20 miles. Including 2 miles of trackage extension under
construction from Sipp haw to Lllllngton, 16 miles, and farther extentlon proposed to l',i\ ettevllle, 28 tulles total to be OJ miles. Incorporated In H<)S; road opened Jan., 1899. Btook authorized, $10,000
tier mile.
Bonds (see table above) are limited to 83,000 per mile. V.
76,n 752. For 6 months ending Dee. 81, 1902. gross, $16,510 net,
-27.239
Yesr ending June 80. 1902, gross, 825,140,
llalel^li
A
<'npe I'ear
It
;
;
1
;
1900-01; net,812,050, against 812.985. President. .Iclin A. Mills;
Bee end Trees., F. r.Bloks, Offloe, Raleigh, X. P.— (v. 76, p. 788.)
Karl tit ii River Hull road.— South Ainliov to Now Brunswick, N.
J„ 18 miles; branohes.7 miles; total, 20 miles, stock authorized,
{1,000,000; issued, $382,000; pur, $100. Loans payable Deo. 31. 1901,
25,124. Year ending Deo. 31, 1901, gross, $87,207; net. $37,795;
Int., taxes, etc, 822,881; stirp., $15,414.— (V. 68, p. 573; V. 77, p. 34.)
Beading Bell lilt.— Pelt railroad, 7-4 miles in length, around
Reeding, Pe», opened May, LOOS. v. 71, p. 751. stock. $7.«>o.ooo,
Road leased to Phlla. A Reading Ry.
all ou tied by Reading Company.
foi 999 years from July 1, 1902, al » per emit on the stock, interest on
<v.7i,p. 751; v. 74, p. 1090.)
bonds, and taxes.Columbia
Owns from Columbia to Sinking
it en til ;:
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junotion to
in
A
RH.—
j
.
July,
1908.
:
RAILROAD STOCKS AiND BONDS.
|
^
"AILBOADB.
8Ue
Dftte
Amount
Outstanding Rate
Reading Compan y Common stook
|70,(
I
ini,
i'ir
tr.
Bf.g
,
g.
J.
4
g.
A.
4
4
K-
u.
P.
t
above.
1i
Only $16,000 are
2o<;.doo
1.
100
1,000
100
100
100
Co.
ilk'
PJlorgan & Co
-•
N.
J.
Phlla., Read.
.
'laNv.'M
May
Phlla, Guar. Trust,
do
J.
1,
A London. July
Philadelphia
J.
J.
J.
•
J.
1.128.190
10,000,000
2.000.0O0
1.316,900 3 In
1,072,000 8 In
7
g.
1942
1,
1910
July 1, 1910
do
July. 1910
do
do
Oct. 1. 1933
A.
0.
do
J.
D. 1'lilla., do A Loudon. June 1, 1911
Apr. 1, 19*7
A.
O. I'lilla.. Rea.LTer
Men. 1, 1937
M.
do
do
8.
1941
Q.-F. Phlla. l'rov. Life ATr.
J.
J.
J.
8
m
6
20, 1942
July
do
City Treasury.
Various Phlla. Penn. Co. for Ins.
do
do
Q.-J.
F. A A. Phlla.. Read. Ter. Bldg.
(J
;-io,ooo
1997
1951
J.
A
A
A
A
A
A
A
A
A
1,
1,
Apr.
When drawn.
Phlla.Qlrard Trust Co
N.
M.
pt.10,'03,2%
MorganAOo. Jan.
Y..J.P.
1921
1903
.
A
J. .V.Y., Del.
A Hudson
:
Apr.
1,
Feb.
l,
1904
1932
1903,4%
Co. Julv.
May 1
M. A N.
do
do
7
1903 J. A J. Phlla. and Richmond. Julv l, 1903,4
July 1, 1808,4
1903 J. A J.
do
do
M ,v N
do
500,400
do
7
and Reading Coal A Iron Co. shall be responsible fo r all old bonds
3s.
.
Heading Company— Philadelphia A Heading It)'.— (See
In oonneotlon with the
freat anthracite coal properties of the Philadelphia A Reading Coal A
Map.)— The Philadelphia A Reading Ry. operates
run Co. in the Schuylkill region, Pennsylvania, a system of
roads centering at Philadelphia, extending to Haaleton and Williams
port on the north, and westerly to Ilarrisburg.HhlppensburgamK icttysburg in Pennsylvania and Wilmington, Del., on the south; also easterly In New Jersey to Atlantio City and Cape May. on the Atlantic
Ocean, and to tidewater at Port Reading on New York harbor, viz.:
Miles.
Miles.
Leased lines— (Con.
Lines owned in fee.
Phlla. Har. A Pitts. RR
Phil, to Mt. Carbon, eto. A
ff47'2
12519 Wilmington A North. RR.. fl 88'4
branches
59'44 Phlla. A Reading Term. RR.
Lebanon Valley branch
13
Lebanon A Tremont brauoh 65-28
Tot.leased (2d track 243'4). 637-7
Mahanoy A Shamokln bra'h 6047
Entire stork owned
Sohuvlklll ASusq. branch.. 5337
5-3
1*86 Chester A Delaware RR
West Reading branch
—
Rupert A Hloomsburg
1-6
6-3
Mlddh fii A Hummelst'nRR.
Tamaqtia Hazleton AN. RR.
99
—
A Columbia RR
1J39-6
Lebanon A other branches 13*8
Read. Marietta A Han. RR.
64
North Bast Penn. Kit
1T25-7
Phlla. A Chester Valley RR. U215
AtlantlcCltyKH.Abranches1I167-4
Catasauqua A Fogelsv. RR.. 29*5
Schuylkill Valley Nav.ARR. flll'O Gettysburg A Harrlsb Ry... 1134-1
East Mahanoy RR
TI383
1J109 Perkiomen RR
Shamokln Sunbury A L. RR.H313 Pull. Newtown A N. Y. RR. 1121-7
Phlla. German. A Nor. RR.. U296 Port Reading RR
H197
101
Chestnut Hill RR
U 40 Stony Creek RR
2-6
Catawlssa RR
1J1030 Phil. A Fraukford RR
0*4
Norrlstown Juno. RR
See this company.)
1186-2
North Pennsylvania RR
Delaware A Bound B. RR... H33-8
Total controlled
4535
Sohnylkill A Lehigh RR
H469
Total system July, 1902 (2d track, 474 miles)
1,457
677
Central RR. of New Jersey (op. Independently. See that co.)
Controlled
Reading
.
.
,
fi
|
I
Dividend.
4g.
5,
3,600.000
Chlcktes, 6 miles; total operated, 60 miles. Stook, $958,373 (par. $50) of
which $788,200, together with $9,500 1st mtgo., $35,000 2d mtge. and
$1,000,000 debentures, are owned by Heading Co., all except 83,200
Year 1900-O1,
stock being deposited under Its general mortgage.
gross, $300,740; uet, $104,618; charges. $119,696.
Total (2 tracks 182 in). .365-61
Lines leased (Bee each Co.)
12-8
Oolebrookdale RR
11-2
Pickering Valley RR
1135-4
East Pennsylvania RR
Allentown RR
H4-5
Little Schuylkill Nav. A RR. 11315
Mine Hill A Sohuy. Haven.. 1420
Mt. Carbon A Pt. Carbon RR.fi 25
Mill Creek A Mine H.RR....H 38
A
500,000
5 g.
B09.000
ft*
1,428,191
1,512,700
6
6
084,000
78,000
iH
2,696,000
5 g.
18,811.000 6 g. A 7
9,363,000
4g.
5,766,717
4 g.
8.500.000
2.720.000 tl 3 aI»«
,
.
Utoekt
O.
M.
A
J.
g.
OF 188
Oonsol. mortgage ($8,102,000 are gold 6s).FIV.
tImpr tM.,g.,ext. ln'97.PeP Bee V. 65, p. 870, g.
IConsol. M.of 1882, g., 5s, ext. '07 (V. 65, p. 278)0'
o**r
tTermlnal mort, gold. See V. 64, p. 85
Philadelphia! 'm subway Loan, guar., $3,000,000
A: wT.Coml \ I. marts. Beeilst v.64, p. 619.
Coal trust cert III ates, gold. Bee V. 65, p. 278.
(OoLi t. gold loan (BH.) go. p & l.. ext. in '02
Real estate mortgages
Rensselaer dk tfara. —Htook.Sp. o.gu. Del. & Hud. (end.)
o**i
1st mortgage, consolidated, Int. rental
Richmond h'mie.ricksb. <t Potomac— Common stook
Dividend obligations (same div. as oom. stock)..
Stook, guar. 7 p. o., exoept $19,300 guar. 6 p. o.
Note.— General mortgage of 1897 requires that the
J. N\
4»«g M.
4S»g.
1,131.000
I
A
A
- Last
DM
Whom
J
4
I
list M.,ext.in "Go, Philadelphia to Potter. $A*.c
Mortgage loans of 1844, 1848 and 1849
o
o
tMortgage loan of 1857 convertible
Mortgage loan of 1868, gold, extended In 1893.0
pal, When l>ue.
bj
Pajable
88,000,000
1.295,000
red U)5aft. '06.PePo*Al
Princi-
HIVII'
Where Payable, and
|
,000
j-;,ooo
Wllm. A North'n stk tr. ctfs., g., red. at 105 UVr
Car trusts, $3, 600,000. 9252.000 s a.
Car. A mar. truMs, #200,000, s. a., beg. 1002. UP
Equipment trust, Her. C, gold, $87,O00 s. a
Old Plillit. A ltcad. Hit. BONUS CNDER LTINO
Delaware EUver Terminal Pur. Money !£., gold.o'
Delaware River Term. Ext. 1'ur. ftfon. M., gold.o*
(Bonds ami mortgages on real estate
marked
per!
38,000,000
42.0O0.0OO
11011 ciiin
2d pref. stock, 4 per cent, non cum
Gen. M., $135.0OO.0O0,g.,8.f.notsub. call. o.o'Ar. Text.
Jers. Cent. col.
When
trust for 5 yearn or
For explanation of column headings, Ac, see notes of
of
on first page of tables.
Road. Bonds Value.
1st pref. stock,
OK
li.KI -1
s
„
11?
(1i
|
From the oompanv's docks at the extensive
(IT See this company.)
terminal at Port Richmond it operates a line of steamers and barges
In ooastwise coal tralllc and provides berths with elevators and ample
accommodations for several trans- Atlantic steamship lines. In Jan.,
1901, control of the Central RR. of New Jersey was acquired. V. 72,
p. 86, 340. 392, 676; V. 73, p. 847.
Stock Ownkksiiii\ -The Baltimore A Ohio and the Lake Shore A
Michigan Southern are Jointly in virtual oontrol, having acquired In
1902-03 over $60,000,000 of the $140,000,000 stock, consisting largely
of preferred stock. V. 76. p. 102.
Voting Trust, Etc.— All classes of stock of the new company are to
be held by voting trustees iJ. Pierpont Morgan, Frederic P. Oloott and
C. 8. W. Packard) for five years, and .thereafter until 4 p. o. oash dividend per annum shall be paid on the first preferred stock for two oonseoutfve years, though the trustees may In their discretion surrender
the stook at an earlier date. The company may, after dividends of 4%
have been paid on the first preferred for two consecutive rears,
convert the second preferred stook Into one-half first preferred and
one-half common stook. As to rights, see V. 64, p. 709. Voting
trust, V. 64, p. 955, and Sup. of April, 1897, page 5.
Organization.— The Philadelphia A Reading RR. (ohartered April
4, 1833) and the P. A R. Coal A Iron Co. were sold In foreclosure Sept.
23, '96, and reorganized per plan In V. 61, p. 1109. Bee V. 64, p. 709.
In the reorganization the 41 millions of old stock and the 56\
millions of old preference Income bonds were assessed 20 per cent,
the stock then receiving 100 per oent in new common and the preference Incomes, common and preferred stook in oertaln proportions.
The "Reading Company" In the reorganization acquired the security holdings, real estate, equipment, eto. of the old Phlla. A Reading
RR. Co.; also the $20,000,000 stock and $20,000,000 bonds of the Phlla.
A Reading Hi/, and the $8,000,000 stook or the Coal A Iron Co., and
against all this property issues lte own securities. BeeV. 64. p. 709.
The property of the "Reading Company" consists of the following
Railway equip, leased to Ry. Co. for 8 p.o. yearly
$19,792,119
Real estate not sppurt. to RR. (ann. revenue ab't $175,000). 16,962,576
2.107,650
Colliers and barges leased to Ry. Co. for $115,000 yearly...
Leased equipment
5,308,253
Phlla. A Reading Ry. stock $20,000,000 and bonds, $20,40,000.000
000,000 par (annual Int. to Reading Co., $1.200,000)
8,000,000
Phlla. A Read. Coal A Iron stock at par
Miscellaneous securities at par (In 1896 yielded $765,000). 70,347.139
262,415
Morta. and ground rents at par (not under '96-'97 mort.).
Int. In Phlla. A Read'g Coal A Ir. above securities owned.. 79,002,721
1.640.872
Claims against other companies, etc
$243,422,946
Total July 1,1902. (SeeV.75,p. 801)
.
Hi nk i.so Fund. -Whenever. In any year, a dividend is paid on the
amount must he paid simultaneously to the trustee equal to
5 cents per tun on all coal mined hy the Coal A Iron Company during
the preceding year, if the aggregate of dividends so declared exceeds
that sum; otherwise such lesser sum as thai] equal the dividends so declared. Under this provision $383,525 was set aside in Mar 1900,
and 8488,000 general mortgage 4s canceled, and in 1901 $366,371 was
paid and 8391.000 bonds canceled; In Mar., 1902, $413,935 was set
aside and $143,000 bonds canceled. V. 73, p. 848.
stock, an
,
Dividends.— On
2 p.
o.;
Mar.
l.-t pief.. i;)00; 3 p. c; 1901. 4 p. o
in 19)2,
Oot., 1 p. o; in 1903, 4 p. o. V. 70, p. o3f, V. 77, p. 33.
:
Bonds.—The General Mortgage 4s (abstract V. 64, p. 612)
are secured by mortgage ana pledge of all properties and securities embraced In the reorganization, and also all other property
acquired thereafter by use of the new bonds. They have above sinking
fund out of the revenues from the Coal A Iron Company, but are not
subjeot to compulsory redemption prior to maturity. The new mortgage Is also, subjeot only to the bonds for which res. rvation Is made,
based upon properties or securities of all the lines of railroad owned,
Including the Philadelphia A Reading Railway Company proper,
365 miles; various leasehold lines, 635 miles; all the property of the
Coal A Iron Company, or the securities thereof, representing nearly
200,000 acres of coal ana timber lana: equipment valued at about $18,0O0.000, also marine equip. See application to list In V. 64, p. 709.
Furthermore, it has a first lien upon a majority of the capital
stook of various companies in the system owning 453 miles of railroad, and also on various bonds of system— list In V. 64, p. 613.
Of the $135,000,000 fours of 1897 $51,457,500 were reserved to take
up undisturbed bonds and $15,500,000 for future construction, equipment, etc., at not over $1,500,000 per annum.
Improvement mortgage 6 p. o. bonds of 1873 due Oot. 1, 1897, were
extended at 4 p. o. for 50 years from April 1, 1897, payable In U. 8.
gold and guaranteed p. A 1. by the Reading Co. V.64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. o. till Mar. 1, 1937, the Reading Co. and Coal A Iron Co. becoming
responsible. See V. 65, p. 870, for contract. V. 65, p. 152. 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see January, 1895, Supplement.
The bonds were In 1902 extended to Feb. 1, 1888, at 4 per cent, principal and Interest being guaranteed by the Heading Co., and sinking
fund reduced to $30,000 yearly. V. 72. p. 242; V. 74, p. 206.
The coal trust certificates under agreement of May, 1895, are not
redeemable until April, 1904— see V. 63, p. 838 and Jan., 1895, Sopp.
The Philadelphia Subway Loan Is payable after ten years from date
In 20 annual Instalments, to secure which $500,000, bearing Interest,
has been deposited, and $100,000 yearly Is being set aside In monthly
instalments. See V. 58, p. 1110; V.62,p. 850: V. <i:i. p. 881; V. 71, p. 758.
The: Jersey Central collateral trust bonds (f23.000.000 present Issue)
are secured by deposit of f 14.500,000 Cent RR. of N J. (cost $23,200.000) of the $27,213,800 stook outstanding, $l,49S,000 Perkiomen
stock and $440,000 Port Reading Kit stock, the remainder of the
$45,000,000 authorized being reserved to acquire the minority stook
of the Central Company. They are subjeot to call on April 1, 1906. or
any Interest day thereafter, at 105 and Interest, on 60 days' notioe.
See abstract of mortgage. V. 72. p. 487; V. 73, p. 847.
The Wilmington <£ Sort hern stock trust certificates are secured by
deposit of $1,495,000 out of $1,500,000 W. A N. stook. V. 72, p 340.
Oar trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200 ,0M
car trusts of 1901 cover 10 passenger and 38 freight looomotlves,
1,000 steel coal and 500 gondola oars, 500 box oars. They are additionally secured by $833,000 of the general mortgage 4s, which may
be withdrawn as the car trusts are paid off. V. 72, p. 822.
Coal Properties.— These aggregate about 194,000 acres, as follows:
Timber lands owned (acres) 70,489
Goal lands owned (acres). ...95,144
Goal lands leased (acres)
7,429
I
21,000
Iron ore lands (acresi
\
General Finances.— The earnings
for the fiscal year 1902 3, were
estimated to be at least *4, 500,000 above fixed char_
4 p. o.
dividends on the 1st and 2d pre. stocks would call for $^00,000.
V. 77, p. 3*.
Latest Earnings.— From July
P. A Ii. Ilv.
11 mot. to
-M.iii 31.
.
—
.
Grots.
19u«-3..S29,l04,S-l
1901-S.. 27.816,493
Charge*
do
all
|'0£M,«88
10.2V4.501
May
Coait
31 (11 months) results were:
Iron.
.
790, 797. See
Tears Ending June 30.
All Co*.
total net
Net.
t2.C7.42fl
2fl,3z7,7tJ7
1, 778,196
f9.SM.000;
for 1901-2
also editorial, p. 702.
RtcuLOt.
|1.M4,«43
»20.0SH.t»1
1901-.'
Annual Report.— Report
p.
1 to
Gr,m>
Cos. 11 mos. 1902-3
do
,
9,ae9.902;
935009
.
18,
balance, sur.. I*
balance. »ur.. 3.853 /MS
was given
1902.
Railway oom pan y— Receipts... $29. 5 15. 534
Expenses (InoL renewals, etc.). 18.769.it;)'
Net earnings
$10,74
Coal A Iron Co.— Receipts
$26,519,530
Expenses
26,283 ,2<
Net earnings
$236,327
Reading Co.— Net Income
5,312,1 $16,293.99'-*
Net earnings all Cos
|1
at length In V. 75,
1901.
$2S,34l,16S
1 3.566.351
f
$28,917,85S
-
$924,709
444
$15,583,971
4,336,494
$14,303,115
IIS
INVESTORS'
SUPPLEMENT
[Vou LXXVII.
C
July,
RAILROAD STOCKS AND BONDS.
i903.|
RAII.Ro
ll»
\l>lilt
For explanation of column headings, Ac, see notes of
on first page of tables.
Boad Bonds
Par
(Con.)— Con. M.,*2.000,000, K.Ce.o'ir
1890
$1,000
$500,000
1898
1,000
315,000
1890
1890
1.000
l.OOO
1,000
1,000
2.233,000
2,277,000
100
100
100
51,190.200
Sie. Fr.<£ I'd.
New
inort * ,noo,00<>, go)
<v
A Mrck. — l*i M., 9315,000, g.(V.
Richmond <t Petersburg SkkAh
i
,
Wlifii
r
I
Outstanding
v,
WkO
able
4i«g
a
Apr.
I'd
1
Rxch.
89.
p.
-rLiN
k
Rio Grande Juta
iek
0"
1st mortgage, gold, guaranteed. Ce
m, p.m.C«
Rio Gr. Sierra Jf. .f Par.-\Rio Gr. Southern— lui M.,g.,*2:>,000 ) Dot gua
per inlle.Ce
\ guaranl
JZio Grande Western- E
.v
Rio Ul k»DI
Roe/i. <* Genesee Pa/.-Htook.6% rent U Brie RK
#or* Island Co.— Common stock,
Pf. stock (also toass,eto.),non cum, $..4,000,000
1
loti
-.1
I
2,000.000 3*9
100
"62
|
In '03
NY. ..Malt
Yearly.
1,000
2
A
4 g
i
%,
I
.Ooppell)
Excfl
1M
3.3* 10
K. b 5.'<
D<
.
,
J
a
J.
1.
V
J. P.
RR.
1
Aj.r
82
.1
July
1917
1.
1940
1940
V
1,
July
do
.1
1,
|
A
18
R.
I.
P.
RR.
col, tr.
M. $7o.OOO,OOOCe.o*.tr
1902
l'.'OU
Ch. R. 1. A P RR oot tr. M red at 1024.<V
7 8
O.R.I.AP.Ry.lst M ,('li ,111. .to conn BLADX I I
General mort #100.000.000. gold, .re
o\fcr 3.128
Coitr M x -<or BtoP.duey'ly.red.IOlHi.Ce o
Burl c. R a No 1st M lawful money F.
369
(V.,eoni l-t M.. g., guar.Cc. c
i
.
A
No. niii.i..iM. .*. col. trust, gold P.e'Ai
Mlnueai). .V Ht L., 1st M., gold (assumed) Oe
Rook [aland v Peoria, oonsoL 1st mortgagi »i|>t
Choo. o. A a., gen. (now 1st) M .. 95,500,000. g.o*
Obno. A Mem 1st M., $3,750,000, ass'd.<; Pear
L. Rock Bridge 1st M.,assM.g..red.(te\ .«;p.<>*
Consul 81 (see U at), * t0.0O0.0O0. gold <;i» <•
Cartrnsrs, gold. $50.00o. Oct. l. yearh <;i»
Ser.B, $70,000 s.a.to A.ug.'06, th.975,000 G I*
Ser.C. $1,750,600, April, y'rly. begin. 1903OP
Rotk Islam! A Peoria Bonds— 8ee HOOK
It
<t
cad
Glint mi
I
lit:
LMDI
[fll
l.OOUAC
All
L9
i ia
1
,
OOAc
Ju'y, 1903, 3<S
I
•03,1%
283
282
1894
1899
962
L899
1902
11
1901
lOO
1901.
$13,287. 255
92,296,717
$4,800.
">
1
1900.
912.365J 15
$1.9
'
>
-
and fl. McK Tw.rablv.
Offloe— Reading Terminal Building, Phlla.— (V. 77, p 38, 148.)
A et
{over taxes)
Rentals.
.
Bal.,def.
$751,101
$1,014,705
*283.601
714.421
2,636,183
1,033,683
319,202
—(V. 73, p. 337; V. 74. p. 1088; V. 75, p. 342, 1147.)
ItUlimoiid Ac Danville.— See Southern Railway Co.
Richmond Frederick »i>n rPotomac UK.— Owns from
Richmond, Va., to Quantloo, 79 miles; James River branch, 3 m. leases
Quantlco to Junction, eto., 3 miles, total 85 miles; to be double tracked.
The dividend obligations carry no voting power. Rloh. A Petersb. Conneotlon RR. stock of $140,000 reoelvea 8 p. 0. dividends under lease.
The guarante<>d stock Is seoured by mot
The Richmond- Washington Co. (see belowi in 1901 took over a
majority of the capital sto( k, hut the ••union" line of that company
has been operated by Rich Fred. A Pot. otHolals alnce Nov. 1. I'oi,
and separate corporate existence will be maintained. V. 74. p. 149.
Drvs.on stock A) '91 to '93. '94. '95 '96. '97. '98. '99. *00. '01. '02. 1903
div. oblle. p.c. S7yearlv. 6 ?
7
7 6kj 7
7 8
8
8
r.osi.s.-The.S' s of 1903 i*l.o0O.000 authorized issue) will pro\ ide
for double track and iin ;>r<> an BntS.
V. 7o, p,
19.
Karnino8.-10 months, s 1902
Cross, $1,0 18,648; n.t, $307,071
Gross,
July 1 to Apr. 30.
M901
902,080; net,
Rkpobt.— Report for year ending June 30, 1902, was in V. 7C. p,
99, showing: oross, $1,168,054; net,$441,483; Other lnoome, f 22,830;
lntereat,$3l. 175'; dividends. •*!231, 144; bal.,sur., $201. 9DI. Ii
gross, $1.(66,865; net, $371,751; other lnoome, *26.314-(V. 73, p.
1161; V. 74, p. 149; V. 75, p. 78; V. 76, p. 99, 1248
$2,75(5.720
'
A
;
!
1
\
1
.'
)
Richmond A Mecklenburg Kit.— Keysvllle,
Va.. to Clarkesvllle, Va., 31 miles.
Road Is leased by South. Ry. Co. for 50
from Nov. 1, 1898, for Interest on bonds. (V. 69, p. 391.) Stock
900 (par $100), of which $300,000 owned by 80. Ry. Co.— (V. 71, p. ll'Jl.)
Richmond A Petersburg RR.—See Atlantlo Coast
Richmond- Waaliingtou Company.—Controls a
Line RR. Co.
"union " line
Washington, I). C. to Richmond, Va., 115 miles, in the Joint mi
the following roads, viz.. the Pennsylvania RR.. Baltimore A Ohio RR.,
Atlantlo Coast Line Co., Southern Ry., Seaboard Air LIdc
Chesapeake A Ohio Ry., each of which owns one si \th of the $2,670.000 oapital stock; operation began Nov. 1. l.ioi The entire road
Is to be double-tracked.
V. 75. p. 78. Dividends I
h,
corporated on Sept. 5, 1901, and acquired a majority Of the \ 011111: eap
ltal Stock of the Richmond Fredericksburg A Potomac RR. and the entire stock of the Washington Southern Ry extending from
end of Long Bridge across the Potomac River to Qnantloo. 36 miles.
For year ending Dec 31, 190:, int. on investments and depi
796; taxes, etc. $2,772; dividends (3 p. c), $S0,10o; ba
I
1
.
p.
•
o, n,i,
1
7
6
i
450.000
5.50O.0O0
3.525,000
375,000
5.0«2.000
00.000
7H 0.000
1,540,000
1
5
A
A
•J
1,
Oct.
I
Apr
N. V.,
ilo
•
I
1
Bk.
t
,
:
Firm Nat. Bank
do
do
do
do
do
do
A
M A
.1.
1934
1927
1,
vmpuiiy'M Offloe July
1,
1,
Oct.
Jan.
N. V.,
g.
g.
5 g.
5 g.
5 g.
•I'tg.
1906
June
i*..
5 g.
6
1917
1988
do
J.
J.
1913
1.
ilo
do
Centra Ti
llo
do
N
g.
1919
1,
•
1952
1905
Phlla.. Olrard Trust Co. TO
do
do
To Aug., 1908
April. 1904 10
do
do
345.360
1
A J
J
6^4
1,
<>it.,
Clinton. N.Y.. by check July. '03. 3*«%
Broadway.-(V.
offices
are at 100
64, p. 611, L198.I
Klo Grande Southern Kit.— (Srt M,i/i Denver <t H\<> Grr.
Owns narrow gauge from Dallas (new name Rklgeway), Col., on
the
Denver A RlO Grande, southerly to Durango, 162 miles, and branhes
Te'durlde and coal fields near Heaperns, 18 miles
Btook, $4,510,000; June 30, 1902, $2,255,600 owned by Denver A Rio Grande. See
V. 63, p. 404. Mortgage abstract V. 54. p. 163, and application to N.
Y. stock Exenanse in V.64.B. 146. of the bonds, $2,'.'77,ooo are
to
guaranteed by
1).
Earninos— For
AR
11
V. 70,
G.
p.
791.
months ending May
See guaranty, V. 70,
1295.
p.
31:
dlh. inr.
months.
Gross.
Charges.
Net.
£al.,nir.
1902-3
$506,839
$254,258
$203,110
$9,807
$1
1901-2
235,919
199.341
524,239
7,625
t, $262,541;
For year ending June 30, 1902, gross, 867
other income, +7,706; Interest, tax,
7.955; surplus for year
862,292. In 1900 01, gross, $539,529; net, $252,749— (\. 71, p. 389.)
Klo Grande Wentern It It.—See Denver A Rio Grande RR
Itlver Kronl Kit.— Lehigh Ave., Kensington, ti Dock St., Philadelphia, with branch; total 4*69 miles. In Jan., 1903, merger with
Pennaj l\ .mla RR. was pending.— (V. 76, p. 103.)
It<>< licMter A QoneSOO Valley Kit.— A von to Rochester, N. Y., 18
miles. Leased July 1,1871, In perpetuity to Erie Ry. Rental, $34,012.
Rock lolaiid Co.— (See Maps, i><i</i s 11:', //.','.) — Incorpor..
New Jersey on Juiv 30. 1902. ann aoqulred, per plan v. 75, p. 240,
the entire stock (•125,000,000) of the one. R 1 a- P. BaUrva&tnBW
co ), whose bonds, together 'with the stock- of the Rock Island Com
'oo.ooo
pany, were Issued In exchange for (1 ) $•
R. I A Pacific liadiray— which see, and (2) per plan (V. 76, p.
1408, 1406). for over 90 p. c. of ihe$3'),Bo-.oui> m Louis A -.m Fran.
Dm. stock: also acq ilred one-half or the stock ol the Qooston &
Rv ami Houston A B
Central RR, Houston i'a-t a
port RR (segregating 922 miles) for $1 ,500.000 cash, $i,5O0,0O0 pre
ferred stock and $3,500,000 ttve year 4 percent notes doe April l.
1908. 8ee Stock below. As to Chic. 84. Louis Mem. A N
that comptuy.
Ri M).— The "Rock Island system" is clearly shown on the accompanying maps, Its lines Including
1I1CAOO ROCK ISLAND A PACIFIC RAILWAY KVSTKM.
Mites
Mitts
Leased —
Ohio R. I. APac. Riilw a !,.... S,6!>6
Des Moines A Ft. Dodge
S'ock a/t' <>r Marly all; 01
144
Oioct. Okla. A Gulf
1,051 Keok. A Des Moines (maj.
-lock owned)
Hurl. Ced. Rap. A Nor. (also
162
Entire nock owned by 0. 0.
;i,367
leased]
Rnk Island A Peoria (also
<t O..
:
,
I
leased)
M'20
..
A
Peoria
Searcy
A
Des Arc
25
Bur. Valley (also
leased)
Chic. R. I
Ohio, R. I.
A
A
Total Nov. 1. 1902
second track
147
*3^0
*111
Gulf
El Paso
OTI1EB LIS)
Conlrnllri/.
)L
Miles.
n.incl.
7.033
ACQC1BED IN 1803.
Balfst-trk mrnrd.
Miles.
I. a Ban Fran..- /»
Houston A Texas Cent
692
151 miles trackage (Mar.
Houston
191
31. 1903)
5,137 Houston a Bhreveport
39
Under construction
Total other lines Mar. 31, 1904
6,31s
The following lines of the Chicatro Rock Island A Pacific RaUmtty
W1 re under eon-truetion Nov. 1, 1902, aggregating 1,024 mile.-:
St. I/oulA Color*, lo UK. Cn. -St. I.oula to Kansas City
294
St.
i
:••
Hock Island A Gulf Ut. r\i.-.I.irkst)oro lo (Galium
87
Chicago Kock b»n,l A <.u
ffnrti to Houston
205
Men line, and Chic. K. I.
CblO U I. A (Julf Ky.—Clmarllloto Tc
A Kl Paso Kt. Co.— Texas New Mexico line to ucumeari
12^
''ilckasaw UK
er; and Chicago Rock
island A Gulf Kt. Co.— Re Rlvi
lis
Oklahoma A Gulf UK. Co -(iuihn,' to Chandler..
60
Viin, us branches In Uklahoma and Indian Territory— utn u t
150
Stock.— Common stock authorized $96,000,000; prefi rred ^M.OOO.
000. The stock of the controlled coni]i. lines Issued and ac<|uir(
the amounts of R ck Island Co. stock issued therefor, follow
;o-
I
.
843, 1011.)
.
I
Rio Grande Junction Ry.— Owns
road 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 8prings. Leased by Colorado Midland Railroad (since foreclosed and reorganized as Colorado Midland Railirai/)
and Denver A Rio Grande at 30 percent of gross earnings, which companies iolntly and severally guaranteed the bonds, prin. and Int. First
div.. 1898. 80cts.; 1899. $1 20; 1900. $1 96; 1901. *3 75; 19
$3 90. Year 1900-01. gross, $575,350, rental, $172,806.— (V.98, p.237.)
Rio Grande Sierra
g.
g.
M A
5
5
5
do
to
11
ReniRelarr A Saratoga It It.— Road. — Embraces 192 miles, vis
Road owned—
Milts.
Leased t Continued)—
Miles.
Troy to Lake Champlaln
79 Ft. Kd ward to Caldwell
15
Leased—
Vermont line to Caatleton, Vt. 7
Troy to Waterford Juno., etc.. 14 Eagle Bridge, N. Y., to RutSchenectady to Ball-ton
land, Vi
15
62
L.KA8K.— Leased In perpetultv March 1, 1871, to the Delaware A Hudson, which, June, 1901, owned $800,000 of stock; rental, 8 permit
on the stoon and Interest on bonds. Guaranty on stock, V. 56, p. 778.
Gross.
-03.000
7.
1
1,
1.
July
Jan.
ink.
2002
1,
Kept.
1
Edward M. Shepard and John T Terry, New York
Dividends on 1st pref
(4)1,120.000 (3^)934. 73
(lm 374.735
Surp. end of year (all cos.).. *4.il'0.«15
$3,871,724
$2,Okkiokks.— Pros., George F. Bacr; Vlce-Pres. and 8eo., W. R. Taylor;
Treas., W. A. Churoh; Comptroller. D. Jones.
Director! Joseph 8 Harris, <
r, John Lowber \Vei«h, George
Thomas. Henry \. iiiiiwni, Senrv P.MoKeen, Samuel Dlokson, Charli
Year.
from Bept.
v« v.
l
....
$14,359,099
$1,934,893
$5,246,615
Accumulated surplus
Int.
« g.
.soo
5,000
1,000
1,000
l.OOO
1.000
1 .000
1.000
1.0)0
1902
Hank
g.
g.
,000
2'J.i (95.000
6,500,000
1,905,000
l.OOO
1,000 Vc
Company — (Concluded.)
1902.
923.— (V. 73,
.
If
-
1.000
1877
Stock freural gnaranteedl
Fixed charges and taxes
Surplus
1901-2
1900-1
Y DJ
Checks mailed
do
N.
J.
12.50
4
5
1881
1984
t
Rome
69.557,000
1876
,
i;
l.OOOAo
1877
1898
1902
,
B.(
A
I.
t;
BONDS ok Srsn.M
•
Cli.
555,200
A
>
:
Tbtal
Chicago Uock Island A
in
RR.—
."TIadrc
Pacific
Organized in Mexico In 1896; Incorporated in N. Y. State in June, 1897, being completed
from Ciudail Juarez via San Bias Mountains, Lake Guzman, Sabmal
and San Pedro minim.' region, to Casas Grandes, 156 miles. Exl
proposed to Guerrero, 156 miles, to meet the Chihuahua A Pacific.
and a projected line to Pacino Coast. Capital stock is $3,1.
($20,000 per mile) and bonds are authorized at $20,000 per mile, of
whioh $2,000,000 issued for construction to July, 1898. Inter
bonds began July, 1899. El Paso Southern RR. organized to build Kl
Paso terminals and Rio Grande bridge.
Directors.— President, a. Foster Hlgglns; Vice-President, Edwin D.
Morgan; 2d Vice-President. A. GiffordAgnew; Secretary. George Rowland; Sldel Tllghman, John B. Lawrence Jr., \V. Morton Grinnell,
-
I
Re«orr»-(l
lor
I'ac. K».»7ft."00.00n
1,1.
atl9.557.400
isn,
1
r.K'.mn.
Balance
Total
The preferred stock
|.-
-
too
IUS.llt8.Ono f 105.tC5.700
Krl»co stock not dejsi-itea and
mission
*-s.472.f>;0
|51,1»0,2C0
•
II.-:
I
gn
M7.8O0
fOo.OOO.000
is preferred as to capital and also
at tn
rate of 4 p. c. yearly for 1903
after to and Including 1909, then 5 p. c. for 1910 and ;
The preferred
1 9 1 6, inclusive, and thereafter 6 p. c.
cumulative dividends
Co. Urue*.-^
fSl.00C.O00
as to nonai.
entitled to elect a maiorltv of the directors. The authorized amount
can only be Increased with the consent of two thirds of each class.
.
INVESTORS'
ISO
RAILROADS.
===^=-
.,„
_
Date
.
Mllee
Size, or
97
M.(lnt. only In gold, $500,000 are 3 >*b) F.o.
Oswego Bridge Co. 1st mortgage
Syracuse Phenlx 4 Oswego 1st mortgage.
Norw'd A Mont. 1st M., g., $360,000; $l0,000p.m.
o*
W. <kOg.Term.RR. 1st M.,gold, assumed
ConsoL
All
—
—
We
R
Oswego A Rome
17
13
7
28
28
[Leased In perpet],lBt M., guar.
2d M., g.gu. p. A 1. (end) by R. W. AO..Ce.o*
Utioa A Bl. Rlv. st'k,7 p. o. perpet gu.by R.W.AO.
TJ. A B. R. 1st M., $2,000,000, g., gu. p.Ai..Ce.o
Rutland Stock, preferred (for com. see text)
150
150
120
120
127
—
First consol. mort for $3,500,000, gold. Us .o**r
A L. Ch 1st M., $4,400,000, g., assu.Ce..o*
Rut-Can.— 1st ML, g., assuni., $1,350,000. OB.. o* 43 1*
59
Bennlng A Rutland— 1st ref.M. g.,assnmed.IV.o*r
100
i",6bo
1900
1900
1894
1902
1,000
1,000
1,000
251
1897
1,000
43
43
1896
1896
1,000
1,000
59
58
.
100
7
M
Johnsb. dt L.Ohampl.— 1st M. ($1.328,000 gu.)g.o"
Johns River 7erm.-lstM. $2,000,000 N
131
Ry.—
Ry.—
100
Co
2d mortgage, $400,000, gold. Co
Dividends".— Dividends on
clusive, 1 p.
O.
quar.
,
pref., Feb.,
1903 to Aug., 1903, both
in-
>Kden Mills,
S. Hrewster, D. G. Bolssevain and
K. R. Cable. James II Moore and Marshall Field. Chicago B. F.
Frlcfe. IMttsbunr. Pa.; Geo. T. Borrs. Kant Orauee. N. J.
11. Moore. Cbatrman
W. B. Leeds, 1), G. Reld,
Finance CoiumittHe-W
J. H. M.u.re, K. I. Illne and Marshall Field.
77, p. 148.)
N. Y. offloe, 71 Broadway.— (V. 76, p. 1249, 1408;
Mnrtrf, A. R, Klower, Geo.
New York:
;
II. 0.
•
;
.
V
Bock Island A Peoria Ry.— See page 173.
Borne
A Clinton BB.— Owns
road from
Rome to
Clinton, N. Y.,
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
A Hudson Canal Co. and operated by N. Y. Ontario A Western.
Borne Wiiicrtiiwii A Ogdensburg BR.— (See Map yew York
Central dt Hudson River Railroad .)— Owns from near Niagara Falls to
Massena Springs, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego A Rome RR. and Suspension Bridge to
Lewiston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Richland to Rome, 41 miles; branohes to Cape Vinoent, Ogdensburg,
Pulaski, Fulton, etc.. 110 miles; total owned, 414 miles. Leases Utioa
A Black River Railroad ($1,120,000 of $2,223,000 stock owned), Utioa
to Ogdensburg, and Clayton branch, 150 miles; Oswego A Rome Railroad ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR.. 9 m Carth. Watert. A Sack. Harbor, 29 m.; total, 629 m.
Lease.— In 1891 leased during corporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. o. on stock;
guaranty, see V. 52, p. 463 Utica dt Black River Is leased In perpetuity,
7 per cent on stock guaranteed.— (V. 72, p. 1238.)
Rutland BB.—Operates from Bellow's Falls, Vt, via Rouse's
Point, N. Y., to Ogdensburg, with branches to Bennington, Vt, and
Tioonderoga, N. Y., etc. Controls Rutland Transit Co., operating steamers between Ogdensburg and Chicago, Duluth, etc. Operates passenger trains into Montreal from Noyan Jet over Quebeo Southern and
Canadian Pacific, and to Troy and Albany over Boston A Maine and
N. Y. Central A Hudson River RR., making through line from latter
;
points to Montreal. V. 75, p. 1029.
Miles.
Leased, etc.—
Miles.
RR. Linen Owned.
Lines to Tioonderoga, etc... 19
Bellow's Falls, Vt, to Og283
densburg, N. Y
Total operated
Rutland. Vt. to Chatham N.Y.I 14
416
Organization.— Lease to Central Vermont was terminated in
1896. Iu 1901 absorbed by consolidation: Bennlusrton A Rutland,
Rut -Can., Ogd. A Lake Champ, and Chat A Leb. Valley. Also owns
entire $ 1 00,000 stock and $100,000 4 p. o bonds of the Rutland &
Noyan RR., entire $1,000,000 stock of Rutland Transit Co. and eutire
$300,000 Btock of Ogdensburg Terminal Co. V 75, p 1029. (V. 73,
In 1901 W. Seward Webb obtained control.
p. 437; v. 72, p. 88, 822.)
k.— Preferred stock outstanding July. 1902, $9,057,600; of this
was sold during 1901-2 and $500,000 Issued to acquire
500,00'i Chatham A Leb. Valley stock; in treasury, June 30, 190^,,
103, 100. See V. 73, p. 1011, 1062; V. 74, p. 95. In Apr., 1903, all but
J 199,400common stock had been exchanged for pref. on the basis of
ten shares of common for one share of preferred. V. 72, p. 439.
Dividends ) Year '92 to '95. '90. '97. '98. '99. '00. '01. '02. 1903.
2
2
3
4
3
on pref.... S P.C. 4 yearly.
Jan.. 1
In 1903, Jan., 1 p. c; the July, 1903, dividend was passed, surplus
earnings to be applied to Improvements. V. 77, p. 38.
Accumulated dividends on preferred said to aggregate 130 per oent
Homi-.- Rutland Canadian mortgage Is for 81,350,000 (see advt. In
Chsonioue of July 15, 181-9). There are also $900 second 5s, due 1898.
In 191/2 fl ,600,000 t ** per cent equipment lionds were sold. V. 74, p.
728. Of the amounts shown In the table above as outstanding there
were Inltho Rutland Treasury June 30, 1 902, 8600,000 Chatham
Ltb.
•is. 850,000 Ogdensburg Term. 4s and $601,000 Rutland Transit 5a.
Earminos. For9mos ending Mar. 81. 1908, gross. fi ,748,144, aga'st
#1,510.7-11; net, $525,209, against $165,919; other Income, $93, 136;
oharges. 8478,288; baL, sur., $140,112.
Report.— Report for year 1901-2, In V. 75. p 1029; V. 76, p. 47.
190102.
tears KndntgJ une 30.
1900-01.
416
:it;o
Miles operated June 30
82,184.882
arnlnga
|1,933,186
788.090
Net earnings
674,889
923.oir,
Total net Income
770,947
86.548
Deduct Taxes and rental*
83.000
481,041
Interest on bonds
Interest on loans
49,019
91,635
.'13.000
Muklng fund for equip, bonds
Div. on pref. stock
(3%) 261,72* (1%) 169,564
I
|
I
I
t.700
12
A
Balance, surplus
Pres..
W. Seward Webb;
Treas.. Clarence
$1,686
$31,805
Morgan. 51 K.llth M..N.Y.
Perclvsl W. Clement. Itmi
Ball, Hdgar Hunting.
I, vt.; (ii">. 11.
Boston. Mas-.; John W. Stewart. Ulddleburjr, vt.: W. Beward W«t>i>, sbeitmnie,
v M. Depew, K. v. w. UoBKlter, George liird. 8. 11. Calls*
rlgr., Glmi.
I'.
:
iiHto Comtnttti •
v. W. RoMlter. II. 11. Powers and 8. It. Callaway.
p. 13.: 6; V. 75, p. 240, 907, 1028; V. 76, p. 4 7; V.77 ,p 38,90.)
I
-(V. 74,
5
A 3^
A.
6
6
5
5
7
5
r.
r.
A.
M.
M.
F.
<?
A
A
A
A
N. Y., Gr.
do
do
do
do
do
do
do
do
do
do
o.
A.
A.
A
o.
N.
A N.
A A
A H.
-
Cent
Botutr-Princl-
When Due.
Stocks— Last
pal.
Dividend.
Station. Mayl5,'03, 1H
Sept. 1, 1910
do
do
do
do
do
do
do
do
do
do
Company's
LXXVII.
office.
N. Y.. U. 8. Mort. A Tr.
N. Y. Nat. Bank of Rep.
Boston. Nat. Shaw. Kk.
N. Y., Nat. Bank of Rep.
"July
Feb.
Feb.
Apr.
1,
1,
1,
1,
1,
1,
1.
May
May
May
Mar30
1922
1915
1915
1916
1918
1915
1915
03,3i*
July 1, 1922
Jan. 15. '03, 1%
-
July 1, 1941
July 1, 1948
July 1, 1949
Nov. 1, 1927
Mch. 1, 1920
do
do
N. Y., First Nat'l Bank. July 1. 1951
Aug. 1. 04-'12
do
do
Co.'s office or Boston.
Oct, 1903-17
,
Boston, Mass.
Jan. 1. 1920
Troy, United Nat. B'nk. Aug.l5,'03,l»s
N. Y., Contin. Tr. Co.
Feb. 1, 1931
Jan. 1, 1951
Boston, Comp'ys Office. Mch. 1. 1944
New
"Vork.
July
1,
1952
N. Y., Central Trust Co. Julyl5,*02.2»«
N. Y. Central Tr. Co.
Jan. 1, 1947
Mch. 1/02, 2**
N. Y., Confl Trust Co. July 1, 1996
N.Y., Colonial Trust Co. Oct. 1, 1996
f
BB.—
A
Butland
Whitehall
Owns from New York State line
Caatleton, Vt., 7 miles.
Leased Feb. 1. 1870. In perpetuity to
the Rensselaer A Saratoga RR. (rental $15,342—6 per cent on stock)
and so operated by Delaware A Hudson.
to
(l^.-F.)
Official Statement. —As to securities, rights of shareholders, road
built and building, etc., see V. 75, p. 1157.
Earnings.— See statement of Chicago Rook Island & Paoiflo Railway
on a preceding page; also statements of other subsidiary companies.
Officers. -President, W. B. Leeds; Treasurer and Secretary, D. G.
Reld; Assistant Treasurer and Assistant Seoretaty, George T. Boggs.
Directors— \V. B. Leeds. »Vra H. Moore. D. O. Held. f. L. lime, Geo. O. MoYoakum,
Q,- F.
M. A s.
5
6
-
"Too
1st pf. stock, 5%, non-cum.
St. Jos. dt Or. 1st.
1st M., g., 2 p.o. 2 yrs., 3 p.c. 3 yrs., then 4.Ceo*Ar
Stock, $1,615,000
St. Lawrence dt Adirondack
o*
1st mortgage, $800,000, gold.
^
Rate per
M.
7
1,950,000
J. A .1.
9,057,600 1 In 190J .). A .1.
3,449,900
4>sg. J. A J.
4,400,000
4 g- J. A J.
1,350,000
4 g. J. s J.
500,000
4>ag. M. A N
500.000
5 g- M. A 8.
500,000
4 g. .1. A .1.
379,000
4>ag. M. A N.
1,500,000
4^g. A. A 0.
150,000
4
1,000,000
5 g. J. A J.
255,700
-F.15
6
1,000,000
A A.
4g.
768,000
A J.
g
i
2,500,000
A S.
5 g
1.000,000
4
A J.
5,500,000 5 In 1902
A J.
3,500,000 2-3-4 g. J. A J.
1,615,000 See text. See text
800,000
J. A J.
i g A. A O.
400.C00
6 g.
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
Bag. Tuscola <t Huron— lstM.,g.,gu., p. A 1., end. Co.o*
St.O.Mad.dtSl.L.BelL— lstM.,g.,$800.000,r'd.SSt.c*
8t.
Bt.
is -.to
1891
1898
1898
1897
1900
1901
1901
1902
2d M.,gold,as8um.,Bub|.to call aft. 1901 Co.o"
Chath.ALeb.Val. 1st M.. $500,000, g..p.A l.iru B
Equipment trusts, g maturing $33,000 yearly
Equip, tr. $1,500,000, g., $100,000 y'ly.AB.cAr.
Ogdensburg. Term.Co M.,lutgu.,s.f $10,000 y'rly
Rutland Transit 1st M., not guar. (V.70,p.534)OB
Rutland <t Whitehall RR.— Stock (no bonds;
,
$100 $10,000,000
1855 100 Ao
417,800
1874
1,000
9,576,000
1885
100,000
1885
175,000
1886
130,000
1,000
1888
375,000
1865
1,000
350.0OO
1891
1,000
400.000
•68-71
100
1,103,000
1900
Ogd.
0^°^*
Outstanding
[Vol.
INTEREST OR DIVIDENDS.
When Where Payable, and by
Pavable
Whcm.
Q.
Par
of
For explanation of column headings, Ac, see notes of
Road. Bonds Value.
on first page of tables.
Rome Watertown it Ogdensburg— Stock, guar, (end)
1st M.,Wat A R., Rome toCaoe Vln.,s.f.. not dr'n.o*
SUPPLEMENT.
—
SagrlnawTnscolaA Huron.— Owns
Saginaw, Mloh., to Bad Axe,
66 miles. Stock, $600,000 par, $100. In year 1898-9, gross, $147,448; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1, 1900, for guaranty of principal and
Interest of bonds (form V. 71, p. 30) and maintenance.— (V. 72, p. 88.)
St. Clair flii<ll«<>ii A St. Lonls Belt BB.— Owns bridge completed across the Mississippi River at Alton, 111., In 1894; also 2 miles
of road. The bridge Is 2,100 feet long and laid for double-track. In
Apr., 1901, reorganized without foreclosure, per plan V. 72, p. 288,
the old 5s receiving 125 per oent In the new 4s, which are subject to
oall at 105 after 5 year*. On Jan. 1, 1903.. the Chicago Burlington A
Quinoy RR. discontinued Its use of the bridge. V. 75. p. 1303. In
J uly. 1903, sale of the property to the Terminal RR. Association of ht
Louis was proposed.
V. 77, p. 38. In 1900 gross earnings were
$80,894; net over taxes and extraordinary expenses, $32,321. V. 72,
Treasurer, L. A. Handy, 800 No.
p. 676. 8tock. $500,000; par $100.
Fourth St., St. Louis, Me.- (V.76, p. 811; V. 77, p. 38.)
Lake Champlaln BB.—Owns Lunenberg,
St. Jolnn.hu ry
Vt, to Maquan Bay, on Lake Champlaln, 120 miles, and branch from
North Concord, Vt, to East Haven, 11 miles; total, 131 miles. The road
is operated independently although a majority of the stock Is owned by
the Boston A Lowell, leased to Boston A Maine. Stock, common, $2,550,000; pref., $1,298,500: par of shares, $50. In year 1901-02 gross,
$316,910; net, $32,564; def. under oharges, $44,832.
St. Joseph A Grand Island By.— Like of Road St. Joseph,
Mo., to Grand Island, Neb., 251 miles. Trackage, St Joseph to Gower.
Mo., over S. F., 20 miles, and Gower to Kansas City, over Q. O. A K. C,
etc, 41 miles.
History.—A reorganization Feb. 23, 1897 (per plan In V. 62, p.
;
A
—
St. J. A Grand Island Railroad, sold in foreclosure.
Union Pacific Interests are understood to be in control. V. 75, p. 907.
STOCK.—The voting trust expired Jan. 1, 1902. V. 73. p. 1314. Common $4,600,000; 2nd pref. 4 p. c, non cumulative, $3,500,000; 1st
784,950). of the
$5,500,000 (see table above); par $100.
1902. None
1899.
1900.
1901.
(p. o.).. i 1898.
slnoe.
3
5
5
5
3
J
Bonds.—The 1st mort. Interest was 2 p. o. till Jan. 1, 1899; then 3 p. o.
till Jan. 1, 1902 and thereafter 4 p. o.
Bonds for $500,000 reserved
for uses of new company cannot be Issued to exoeed $100,000 yearly,
and $1,000,000 can be sold only for new mileage at not exceeding
$6,000 per mile. Mortgage Is for $5 ,000,000. See listing In V. 64, p. 1 138
Latest Eajinings.— 11 months ending May 31:
Net.
Int.,tajces,etc. Bal., sur.
11 mo»/AiGross.
1902-3
$229,682
$438,085
$208,403
$1,285,295
1901-2
273,171
1,238,973
458,966
185.795
Annoal Report.— Fiscal year ends June 30. Report for 1901-02,
with balance sheet, In V. 75, p. 1029, showed: Gross, $1,349,790; net
$497,406; Interest, taxes, etc, $204,801; div. on 1st pref. (5 p. c)
President, W. T. Van Brunt;
$274,903; balance, surplus, $17,699.
Treas., Graham G. Lacy: Seo'y, Francis W. Russell, St. Joseph. Mo.
pref.,
Dividends
On
1st pref
Directors Oot., 1902, V.75,
p.
907— (V.75,
p.
1029. 1400; V.76,
p.
159.)
Bend A Southern BB.— Owns
St. JoHeph South
Ind., to St. Joseph, Mich.,
South Bend,
reorganization of the Indiana
39 miles. A
Michigan Rw, foreclosed and sold Dec 8, 1898. V. 67, p. 1263.
common and #250,000 5 p. c. pref., to be held for
Ix>ased to Indiana Illinois A Iowa RR. for
five years in voting trust.
50 years from Feb. 23, 1900. Dividends of 5 p. c per annum on pref.
and 2 p. c. on common are paid Mar. 15 and Sept 15. No bonds.— (V.
A Lake
stock, $500,000
70, p. 481; V. 73, p. 554.)
A Adirondack
St.
Lnwrcmc
By.— From Malone, N. Y. (on
to Adirondack Jot, 56 miles, connecting there with
he Canadian Pacific at Its 8t Lawrence River bridge, Montreal.
Dividends, 2>u p. c, paid Sept 1, 1901; In 1903, March, 2>u p. c,
paid from accumulated surplus. Current liabilities June 30, 1902,
Mohawk A Malone)
889,199
;
equipment
trusts, $100,418.
Eabninos— 6mos., 1902
Gross, $118,759; net, $f 0,849
)
Gross, 12-1,563: net, 62.7-1
July
i 1901
Burp, over ohargeB, $19,809, against $12,349 In 1901. In 1901-2,
dross, $241,782; net, 897.487; other income. $427; charges, $93,005;
bal., sur
84,909. President; w. Beward Webb.— (V. 75. p. 794.)
St. Loala Ro't A Terminal By.— Acquired In 1902 In the Interof Terminal RR. Association of St. Louis.— V. 75, p. 848.
est
St. L««la A falro BB.-Sce Mobile A Ohio RR.— (V. 70. 532.)
St. I.oula A tiulf By. Extends from Cape Girardeau, Mo., southerly to l.ccchville. Ark.. 120 miles, with branch from Callgoa via
Campbell to CaruthersTUle, 86 miles, and other branohes, 37 miles;
also had under construction from Maiden, Mo., to CI ark ton, 8 miles;
In Mar., 1903, extensions from Bloomfleld
total of all, 220 miles.
to Campbell, Mo., 35 miles, and \ in Dnset to /.eta. 1 1 miles, were reported to be let
A consolidation on May 1,1902, of the St Louis
Kcnnett A Southern RR. and allied lines. V. 71, p. 938, 1039. Nov.,
1902. control of the road was sold to the St. Louts A San Francisco. V.
75. p. 114S. Stock authorized, $6,000,000. Debt, $1,1 55,000.- (V. 74,
p. 938, 1039; V. 75, p. 499, 1148, 1355.)
1 to Dec. 81.
,
—
,
July,
KAILKOAD STOCKS AtfD BONUS.
1908. J
191
Tin el
RAILROADS.
:EHT OR DIVII':
pal. When Dae.
warn Date SUe, or
Amount
When
For explanation of oolumn headings, Ac, see notes
of
Par
of
Outstanding Rate per Payable Where Payable and by Stockt—Lmmt
Cent.
on tint page of tables.
Road. Bonds Value.
Whom.
Dlvldend.
t
Bt.
Bt.
St.
Louit Bridge
See Tkrm. RR. Ash'n ok St Louis
LouU <t Cairo— See Mobile A Ohio.
LouU <t 4ul/—Bt. L. Ken. So.. 1st M., gold..o*
PemUoot Dlv. 1st mortgage, gold sm
Kennett A Oso. RR. 1st M. g Int. rental, ssi
20
25
20
10
<fc
,••
,
(
Francois Valley, 1st mort., gold, Int. rental..
Other bOLds. etc., assumed (V. 74. p. DH9)
Bt. Louit Kantat <t Northern-Bee Wajiamii Rt\
Bt.L. Kan. Oily dk Got.— 1st M $'20.000,<x>o. g Hut
105
Bt.L. K tlB.— 1st M.. $13,000,000, g red 105OH o"
Bt. Louit Merch. Hr. Term.— 1st M., gu j>.AI.,g Ml
Meroh.B'gelstM.,red.aftFeb.l. 1909,at 1 lo.ssi
Bt. L. it No. Ark.— 1st M., g., $25,000 p. m. text. I
Bt. Louit Jt San *Va».—Coin, stook, $64,000,000 1,691
1st preferred stook, 4 per oent, non-oum
1,691
2d of. stk. 4". n.cu. $3 1,000,000
1,691
K.C.F. 8. A M. n-ef. stock tr. otfs.,$15,000,000,gu
....
C.& E.I.eom. «tK.tr .efs.,'f.7,2l7, w OO,g.gu re.p'ri ol
do pref. do $6,830,700, g., gu re. par.Col
St.
.
,
Refunding mort
New
I
gold, *s."-.,ooo.<mo M>>.
c\tr 1,902
Orl.ext. puroh. nmn col. tr.M. $8,750,000, g.
.
,
seourel by St. L M. AS. K.stk.Ka
Bonds underlyimu hkkisdino 4s.
Coll. tr. notes
....
294
2d mongage (now 1st), Series \. H A 0, gold...
Mo.A W. Dlv.lst M.,g.,$5.000yearlydr.atl05..c
82
104
St. L. <b San F. ool. trust gold, s.f. not drawn. Us. o
Gen.M.,g.(lston365m.)$3,681,OOOare6s.Uao
Collat. Trust mort. on branches, gold I'n
a*
57
Oonsol. mort., $50,000,000, gold, no option. 71 e 1,902
Southwest Dlv. M. $1,500,000 red. at p;ir, g « «-.•
112
103
Oent Dlv. st M., g,$3.462.000,red.at 102 i.Oo.e'
* In Sept., 1902. $97,000 Southern Missouri A
Arkan
a Ezolusive of $",907,000 additional In treem Irv ord
I
J
1
St.
St.
LouU Iron
1891
1894
1897
1899
1876 100 Ac.
1879
1.000
1880
1,000
1881
1,000
l.OOO
1887
1,000
1896
1897
1,000
1899
1.000
sas bo nds wer e
A
deficit. $4,926.— 'V. 62. p. 362.)
St. I.oiiln A North Arkansas
Sellgman, Mo., connecting
with the St. Louis A San Francisco Ry., to Harrison. Ark., 68»« miles;
extension from Harrison to Iyeslle, 60 miles, under construction, of which
33 miles to Gilbert was iu operation April. 1903. In Dec., 1903, the
Leslie A Southern Ry. was Incorporated with .+3,000,000 capit
by the same Interests, to build an extension from Leslie south to tittle
Rock. Ark., 120 miles.
Successor by purchase Feb. 1, 1900, to Eureka Springs Ry. In Apr.,
1901, extension was completed to lead mines at Harrison. Ark., 50 in.
The first mortgage of 1900 was to secure $3,212,500 5 p. o. gold
bonds on entire proposed line of 128 's miles, at $25,000 per mile,
per plan V. 69. p. 645. Stook, $1,712,500; par, $100. For 4 mos. ending
Oct 31, 1902, gross. $77,896; net, $35,152. In year ending
1902 (82 aver, miles), gross, $218,132; net, $85,906; interest. $S5,625;
HR.—
t
I
taxes, $6,743; bal def .. $6,462. President. John Soullin, St Louis;
Sec. and Mgr., Geo. West, Eureka Springs. Ark.— (V. 73, p. 900).
st. Lou In
City Ry.—See St Louis A Ban Fr. RR.
St. Loula
San Francisco Kit.— 'See Map.)— Road.— As
shown by the map, the system embraces: usee this Co.
Lines owned
Milet
Ope r. independently— (Con. I
8t.Louls,Mo.,toRedRiv.,I.T. 567 Fort Worth
Rio Grande.... U198
Springfield, Mo., to Knoohe
Red Rlv. Tex.
South. (InoL
186
31m. traok to Fort Worth.
89
Jot (Kan. Citvt.Mo
Monett. Mo., to Ok. Clty.O.T. 261 Paris A Great Northern RR.
17
Sapulpa, IT., to Denlson.Tex. 193 St. L. San Fran.
N Orleans 165
PelrceClty.Mo.,to Ellsw'h.K. 323 St L. San. Fran. A Tex. Ry..
15
Aslulown, Ark., west
Texas Ry
166 Okla. City
9
Beaumout.Kan.,to Red River 318 Black well Kind A Texas ..
13
Branches In Missouri, KanChicago A Eastern IUlnoU. 11748
sas and Arkansas, etc
234
Total Mar 31,*03, (includ1 rackage—
ing 151 miles trackage) .4,641
Knoohe Jet to Kansas City..
4 fiSt Louis Memphis & S. E.,
Leased
since acquired, to be
414
Ft S. A M. and trackage. 11853
K. C.
to be
261
Operated independently —
Birmingham Belt RR
16
Kan. City Mem. 4s Blrm
Cher. Cent, to be... 400
286 Ozark
Santa Fe the Kan. SouthU Also owns jointly with the Atch. Top.
western Ry., Arkansas City to Anthony, Kan., 59 m. In Jan.. 1903, a
union of certain of the controlled companies was proposed. V.76, p 159.
In Apr., 1903, the Oklahoma City
Western By., an extension from
Oklahoma City southwesterly to Quanah, Texas. 184 miles, was completed. The Birmingham Belt RR., owning 16 miles of traok around
Birmingham, Aia., was purchased; also the St. Louis San Fran. A New
Orleans Rv Hope Ark., to Ardmore, Imt Ter 223 miles, completed
An extension Is proIn May, 1903. V. 74. p. 1197; V. 75, p. 75, 343
posed from St. Louis to Shelbyvllle, 111., 95 miles, at a connection with
the Chic. A East Illinois. V. 75, p. 291.
Southeastern RR. was
The entire sto?k of the St Louis Memphis
,
A Oklahoma
A
—
'
A
A
&
. .
.
,
,
A
Feb.
Apr.
do
do
<>.
Chicago,
J.
1,
1.
Jan.
1,
1,
1014
1917
1919
July
Jan.
1,
1,
1951
1953
June
111.
Oct.
1
Feb.
,
1,
1929
Apr.
June
2,050,300
131,000
196,000
9,484,000 5 A
439,000
1,558,000
829,000
145,000
outstandtn g.
6
6
6
6
5
g.
g.
g.
g.
g-
M A
F.
r.
.].
A.
*g-
J.
»
A.
A.
*
gg-
N
A A.
A A.
A J.
A ().
A
AA
J.
<).
a
1, '03,10*
1. '03. 19b
July 1, 'OS. l«i
1,
1,
1,
1942
1942
1951
Nov.
1,
1942
Trust Nov.
do
Aug.
1,
1,
190«
1919
1920
1931
1987
1996
1947
1929
.Inly
July
July
N. Y., Mercantile
do
N. Y., United States Tr.
N.Y., Mercantile Trust
N. Y., Union Trial
N. Y., Mercantile Trust.
N. Y., Mercantile Tr. Co.
do
do
epostt ed In sp eolal trust*: for ninli riving h onds deposited as
A
A
St LouU, Mo.
A.
D.
,
RR.—
.'.
i
A
A
A
a
i
—
A
A
5 «•
|
794. Stock authorized, $20,000,000; outstanding Apr., 1902, $1,939,800: par, $100. Bonds are Issuable at $30,000 per mile of main line.
President, Wm. B Leeds, Chicago, 111.; Sec and Treas., W. P. Kennett.
(V. 75, p. 78, 136,794.)
St.
Lunli ITIemphla 4c Southeastern
To extend
from St Louis, at a connection with St Louis * San Fran. HR., to
Luxora, Ark., with brandies, in all about 420 miles, forming in connection with the St. L.
S. F. RR., the shortest line between Birmingham Memphis and St touts. Of this, 300 miles are completed, and
balance, from (ape Girardeau, Mo., to St Lonls. 120 m.,to be completed by May, 1903. V. 73, p. 291.
Organization —A consolidation In January, 1902. In Nov., 1902,
the St. Louis A San Franotsco acquired the entire $10,000,000 outstanding stock. V. 75, p. 1088, 1148.
Bonds.- Of the 4s of 1902 (present Issue limited to $8,530,000) $5,000,000 were underwritten By New York, st Louis and Boston
capitalists.
In Sept
Arkansas
1902, only $87,000 South Mo.
bonds remained outstanding. V. 74, p. 207, 268.
Officers.— President, B. F. Yoakum; \ Ice President and General
Manager, B. L. WlnchelL— (V. 75, p. 291, 1088, 1148.)
St. Loula Mirrhaiilo' It r I dye Terminal Hy.— Organization. -Double-track road from near Union Depot, via Main Street, Hall
Street, Ac, to Ferry Street, opposite the Merchants' Bridge, 7 miles. It
owns and controls the Madison 111. A st. L. Ry., connecting the town
•f Madison and Fast St. Louis, 8 miles; total, 15 miles. Leases Merchants' Bridge for Interest on the Bridge Company's $2,000,000 bonds.
Stook authorized, $3,500,000; Issued to July 1, 1899, $2,939,500;
par, $100. On Deo. 31, 1900, there was due to Terminal RR. of St L.
$1,008,489 for advances under Its guaranty. In Nov 1893, Terminal
RR. Association of St. Louis acquired control of this company and
guaranteed by endorsement the pnnolpal and Interest of its $3,500,000
first mort. bonds and the interest on $2,000,000 Merchants' Bridge 6s.
The 6s are subject to call after 20 years at 110 and Interest.
Earnings.— Year 1900, gross, $762,510; net over taxes and rentals,
—
50,000
740,000
F.
.
LouU) to Belle, Mo., 105 miles; branch. 3 miles; trackage, Forest Park
Union Station, St. Louis, 4 in.; also almost completed westerly 76
miles to and beyond Versailles, Mo*; contract let thence west to Kansas
City, 120 miles. In May. 1902. the Chicago Rook Island * Pacltlo Ry.
acquired the road and is extending It to Kansas City under charter of
Kansas City A Rock Island. V. 7G, p. 189; V. 74, p 938; V. 75, p 136,
A
A.
J.
J.
|
to
$188,344; Interest, $193,270;
g.
6g.
6
1,000
1901
3,030,000
4 g. J. A J N. Y., Morton Tr. A 8t L.
1902 L.OOOAfl •3,834,000
4 g. J. i J. N. Y., Oomp'y's office.
1890 500 Ac
3,500,000
5 g- A. .V (). N Y ..F'ritL.ATr. A Bt.L.
1,000
1889
2,000,000
6
r. i A H Y. Farm. L. A Tr. Co.
1900
(1)
5 g.
100
30,808,000
100
5.000,000
4
Bet t.-iChecks mailed.
100
16.000.000 See text. -se.- texi
do
100
13.510.000
....
(.1-J.
Y. M.ro. Trust Co.
* g100
7,070,000
10 g. J. i J.
Checks mailed.
100
4.143.500
J.
..w.
6 g.
do
do
1901 l.OOOAc 152,707,000
< g- J. A J.
Y., Morton Tr. Co.
1902
See text
* g.
1902
1,000
4,000,000
New York.
* «• M AN.
A
,
6g.
HO.IHM)
1,000
l.OOO
1,000
South. Ky.—See Mo. Pac. Ry. System.
Louln Kansas City 4c Colorado It It.— Forest Park (St.
ITIt.
$135,000
150,000
$1,000
Aug.
July
1.
1,
Oct
1,
1,
1,
1.
July
Oct
Apr.
moot
It
«w> text.
v.
ajqulredlnNov., 1902. See separate statement and V. 75, p 1087.114 8.
In July, 1903, acquired the Ozark A Cherokee Central Ry.. I
vllle, Ark., to Okmulgee. I T., 144 miles, with extensions under con*
structlou from Fa] et'i vllle to Jasper, Ark.; Okmulgee,
to Okla
homa, O. T., and Muskogee, I T.. to Ft Smith. Ark total to be 400 m.
In July, 1903, the Chicago St Louis Memphis A New Orleans RR.
(which see), oonC oiled by the St. touts A San Francisco, was ah >ut to
be organized to form a new north-and-south trunk line by uniting the
following St. L. A S. F. subsidiary companies, viz: Oh
&
Illinois, St. Louis Memphis a Southeastern, St. Louis A Gulf
LouU San PranoUcO A- New Orleans, and constructing 325 iiillrMemphlB south to Ft, Adams, theiico reaching New Orleans by Illinois
Central trackage, 100 miles. A consolidated mortgage will be made
by the new oompany for refunding the boudsof constituent properties
and other purposes. V. 77, p. 38, 148; V. 76, p. 1144.
A trackage agreement tun been made with the Cleveland Cincinnati
Chicago & St Louis, by which the latter will build a 50-n lie cut-off
between Hlllsboro, 111., and Mltohell, near St Lonls. and lie Chic. A
K. 111. will build '20 miles from Pana, 111., to a Junction with Its own
main line, thus affording a through line to Chicago
75, p. 1087.
In Mar., 1908, the 81 Lonla san Fran. A Texas Ry., the stock being
all owned, was ant hori ed to acquire various controlled roads In Texas.
V. 76, p. 159. Controls Ozark & Cherokee Central Ry. See that Co.
Organization—Organized June 30, 1896, to suooeed to the property
ami franchises of the Baitwaft "tnpany sold in foreclosure and reor.
per plan lu V. 62, p. 829 and 1140—see also p. 742. Central Division
of Atl. A Pao.. 112 miles, was purchased In July. 1897. V. 65. p. 150.
In May, 1903. the Rock Nl u,d Co. acquired ^27,988,300 of thi
808,000 common stook, the latter receiving (p<
in common
stook of the Rock Island Co. and $60 In 5 per oent gold bonds of 1913,
of the Chicago Rock Island & Pacific RR. See those companies, Y. 76,
.
1
I
;
•
t
t
\
.
I
ISA.
The New Orleans Terminal Co. was organized Jointly by the St
P. lost;.
LouU A San Franolsoo and Southern Ky. -\ -terns, and will
p, c. gold bonds (present amount $3,5OO.000(, which will be guaranteed Jointly by the Cnlcago St. Louis Memphis A- New Orleans Ry and
the Southeru"Rv.,or possibly one of the latter's subsidiary companies.
V. 77. p. 38; V. 76. p. 11 11
The Kansas City Fort Scott A Memphis Ry., extending from Kansas
miles,
City to Memphis, Tenn., with branches, a total of 854
was acquired in 1901; its entire stock is owned and road leased for
Interest on bonds and 4 per oent on preferred stock trust certltlcates,
the new refunding bonds being guaranteed, principal and li>
See K. C. Fort Scott A Mem. In this Supplement and V. 72, p. 438,
532, 581, 1238. In May, 1901, acquired over 90 per cent of the stock
of the Ft. Worth A Rio Grande Ry.. Fort Worth to Brown wood. Tex.,
146 miles. Control of Chicago A Eastern Illinois, 747 miles, waa acquired In Aug., 1902; see below.
Stock.— In May. 1901, an increase in the stook from $50,000,000 to
$100,000,000 was authorised ($15,000,000 of the new stock being 24
pref.) In connection with the authorization of the refunding mort gage,
In order to oomply with existing laws. V. 72, p. 723, 1081.
The oompany reserves the right at any time to redeem
either or both olasses of its preferred stook at par in oash. Provisions
of the pref. oertlhoatea were In Sui-plemknt of April. 1897, page 6.
Dividends.—
1903.
1897 1898.
1893.
1900. 1901. 1902.
First pref
2 p. ot 4 p. ct. 4 p. ot 4 p. ot Below Below Below
second pref
1 p. ot. 2 p. ot 2 p. ot Below Below Below
In 1901. on first preferred. Jan., 2 p. o.; July. 2 p. c; Oct.. 1 p. c;
Jan., 1902, to July, 1903, 1 p. c. quarterly (Q.-J.); on second pn
1901, Mar., Ha p. o.; Sept. 1 p. c. Dec., 1 p. c; si nee to June, 1903,
inol., lp.o. quarterly.
In latter half of 1901 dividends ou both preferred stocks were onanged from semi-annual to quarterly.
Bonds—Oonsol. mortgage of 1896. see abstract Id V. 64. p. 186.
The refunding 4s of 1901 are limited to $85,000,000, of whioh $62,500,000 were reserved to refund the underlying bonds and the remainder for extensions, acquisitions. Improvements, etc On Jan. I,
1903, $36,623,950 of the $51,870,750 old bonds, Including the entire
issues of the Kansas City Division (117 miles) and St. Louis Oklahoma
A Southern Ry. (S*pulpa to Denlson, Tex., 197 miles), together with
$3,044,200 Fort Worth A Rio Orande Ry. stock, had been depoilted
under the mortgage; when the remaining $15,246.soO are exchanged the refunding issue will beoome a first and oulydl:
collateral lien on 1902 miles of road. Of the underlying bonds outstanding $2,050,300 (tlrst mortgage on the line from Pacltlo to
Seneca and branches, in all 294 miles) mature in 190o and $1,402,200
are subject to redemption at the company's optlm on short notloe.
The underlying bonds.whlch have been deposited as additional security under the refunding mortgage, and whioh are therefore kept
alive, are as follows:
A. B.
A
C. As
of lUOO
13,639.700
87* roe
LOBfl.ooa
7SA.0O0
Trait As of ls*»
Ft, Smith* Van Bar. Br. As..
100,000
4.12^,000
Uun. mort. A§ of 1S8L
A,«84,00
do
6i
Trait 5«»f 1H»7
A60.000
871, oeo
Southwest. Dlv. 5i
Mo. A w. dit. As
-u L w ch. A West.
As.
CenUDIr.
1
4s
<la.
A
So. 4<t(ain
Kaasa»Cttr Dlv. 4s
do
do
3«
NorthwMl. Dlv.4»
(alii
(all)
•'•t I-?2?
4.Ai0.0pu
«,Si4.aoa
7
. J "-222
1
ConsoLU
'
r
BI.Bold ASo.b'dl(V.7«.p.708> 4.600.000
Red RlTorTexa34Po.
|V. 7S,
The New Orleans extension purchase-money ooll. trust 4s of 2 (authorized Issue, $8,750,000) were used to acquire the stock and bonds
of the St. Lonls San Franolsoo A New Orleans (formerly Arkansas
A
7
"
INVESTORS' SUPPLEMENT.
122
L
[Vol. LXXVII.
MMhO
49
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W
M.r.0)!.
I:
AND CONNECTING LINES.
BATON
Uuill. Cy
\C°> '£»"">
1
July,
RAILROAD STOCKS AtfD BONDS.
1903.]
RAILROADS.
.
tfor
I
„„
Miles
on
first
page of
in
__.
Date
of
of
explanation of column heading", Ac, see note*]
81se, or
i'ar
Amount
I
1. 1.
1
133
OB KlVlliKHDB.
-I
When
Kate per
Road. Bond* Value.
tables.
Louis A San Fran. — (Concluded)—
N.W. Dlv.M.(Wlch.to Ellsw.), $l,3O0,0O0,g. Co. o"
i'tlnoi
pal. When Due.
Where Payable, and
Wj
Wkfl
'gtoeks— Uit
Dividend.
St.
1900
1879
1902
1885
106
AW.
8t. L.WI0I1.
1st M..red. at 105, gold
14ft
o'
Blr. Belt 1st M., g., red 102»«, gu.p.Al.end.OHC
ie
Ft. 8. AV.B.Brtdge 1st M.,g.,dr.at 105,guar.p. Ai.e"
....
Chicago
Eastern Illinois and Kan. City Fort Soott
Equipment notes, payable s. a. (V. 73, p. 1310.)
Equip, notes, g.,ser. U .red. par ,$62,000 due s.a
do
do g «er. 0. due $50,ooo seml-anu'iy
*/. Lou. Southw.— lntld. ctf*..$10.500 p. m., g.O.o* 1,223
&
4%
1901 S.OOOAc
1902 4, 000 Ac
1902
1890
1,000
1891 500 Ac.
1902
1,000
1897
1,000
1899 500 Ac.
1902 $ & SL
f
$10.000.000, non eum.,gold.;Ue
1,223
1st consol. mortgage, $25,000,000, gold. H.c'Ar 1,233
Gray's Pt. Tern/l. 1st M., tax., p ,61 ,e .g.SSI
16
,u
Bt. L.Troy J £'.
1st M..$0OO,0OO,g.,red.texi .TIStcAr
13
Bt. L. Walk, dt Oulf lHt M., $1,225,000, g. A JS. K.
101
Bt. Paul rf Duluth-St*} Nokthkkn I'ai 11 10.
Bt. Paul Eastern dt Or. TVun/e — 1st M., g .Int. gu.o
56
lno.,
,
Bt.
Bt.
Paul Minn.
<t
Paula
M
dt
4
Oal. Northw., 1st M., $2,000,000,
(en.'
gu.p.A
g.,
L.s.f.i
iTo»Ua?leiV«*.rf/'/Wfnij:-lstM..$5,000,000,g..TIe.o -
Ear-YINob.— For 11 months, July
8.
Gross.
1
to
Set.
198
1,000
1,000
RR
May
31:
Charges
Ot/ier
Total net income
Deduct— Interest on bonds
Rentals of leased lines
Taxes
Miscellaneous
Dividend on lsl preferred
Dividend on 2d preferred...
Dlv on K. C. Ft S. & M com. stock
Balance.
for construction,
$8,345,572
3,191.720
2,434 069
360,759
81,546
(4%) 199,742
(\\) 605,539
$3. 101,200
2,586.658
1,887,672
888,074
75,097
(4%) 200.0(
(24%) 400,000
(4%) 395.920
220,619
Ao
Balance, surplus
$1,472,197
$1,997,159
B. F. Yoakum; Vlce-Pres, and Gen. Mgr is.
Wlnchell; Yico- President and General Auditor. Alexander Douglas;
Officers— President,
..
and Asst, Gen. Mgr., C. H Beggt
Frank H. Hamilton; Comptroller. Asst. Sec. and Asst. Treas. at New
York.C. W. Hillanl. N. Y. olliee. 5 Nassau St.
Directors— (Apr., '03) J. A. Blair. E. C. Henderson, Mark T. Cox, II.
H. Porter, W. K. Blxby, J. S Ford and J. T. Fulton of New
Nathaniel Thaver, BenJ. P. Cheney of Boston. Mass.; H. C. Plerci .
Richard C. Kerens, B F. Yoakum. James Campbell. St. Louis. Execi
tlve Committee. Jaims A Biatr, James Campbell, Filward C. Henderson, II. Clay Pierce, B F. Yoakum and II. II. Porter. -(V. 76. p. 130.';
Vice-I'res.
Lire
I'raiulxo
A Texan
Southwestern
Ily.
THWI8TIBI
Cniro to
M:idn.| Kraiich
Point U-ancli
SMittuart Hrancb
I. utle Kock Branch
(iriiT;.
Shteveport Branch
g.
J.
g.
5g.
,(XIU
A
J.
J.
A
A
600.,0O0
6g.
.1
983 360
5
J.
6g.
J.
See text.
See text.
4,940,000
Annual Report.— Report for Utfl \ear ending June 30, 1902, showing operations of system, comparison being mane with same lines for
preceding year, was given at length in V. 75, p. 852 to 856 and 884.
Tear ended Ju ne 301902.
1901.
Average miles
3.252
2.923
(Iron earnings
$21,620,882
$19,324 279
Net earnings
8.143 410
7,914.392
Other income
197,162
lx'.^os
HSU
4
4
..
do
do
do
I).
1,
Bla
1903-11
Dee..
Fel._0i
TtlUl
N. Y., Merc. TniHt
N. V.. Bowl, Qr Tr
Y^,
<
.-ntral
N V.IUIr.Tr. *
I
May
I
all
RV. CO.
Texarkana. 419
|
-
6"8
S*-7
34-8
44'4
01*8
operited mileage June
—
lty.— (V. 76, p. 15T, 752.)
(.See
Mmpm) — Embra
LOUIS SOUTIIW. KV. CO.
Main Llne-T^XHrkans o (istenr
8T.
•
t
'
J
I
|
Korl \V..r li Branch...,
Dallas Bran I)
^"4-0
t
Slicrman H^anch
Hblaboro Branob
I.nfkin Branco
1
j
1
b^i
«i-B
UCO
SO. 180'
Also has St. Louis Iron Mountain .v Southern trackage, not Included
in operating accoun s, viz.:
7"v4 miles;
St. Lome to Blamarek. Mo.
Blsmirck, Mo to Delia, 74 miles Memphis, Tenn .1 FalrOi
60 miles, niakuu t lie total hues 1,498*4 miles. Also the rl^ht to run
pasw Dger trains l>et*een Ft. Worth and Dallas over Texas A Paclli.
32 miles. Y. 7, p 90. Of Che 1,289 miles of main track, 264 are laid
with 75-lb., 952 with 56 lb. and rest with 35, 55 and 60-lb. steel rail-.
Organization.— Reorganization per plan in Y. 50, p. Ill, 561, of St.
Louis Arkansas & Texas, sold In foreclosure in October, 1890.
The
stockholders of the St. Louis Southwestern K v. of Texas were to vote
July 8, 1903, to purchase the Texas A Louisiana RR., extending from
Lufkln, Tex., easterly, 20 miles, and to extend to a point at or ne. r
Newton, a distance of 70 miles. V. 76, p. 10S6.
Stock.—Stock Issued, common, $16,500,000: authorized amount Increased In 1902 to $35,000,000; pref., 5 p. c. non cum., «80,00
of which in treasury June 30, 1902, common, $143,900; preferred,
$106,350. Par of sh ires, $100.
,
1
.
.
1
.
19*9
I
'
A
A
J.
New York and
Doe.
Dec.
Jan.
1,
1947
1910
1930
J.
Offloe,C.AN.W.,52Wall. Jan.
1,
1913
A
N.
1,
1930
1944
1913
\>.
a D
Ml
la.
Va
1
1
I
"
St
81
I.
1.
IxHidou
1.
l,
4
6 g. M.
g.ASg. M.
6
g.
J.
4
g.
6g.
5g.
J.
J.
J.
5
A.
A N.
A J
O.
A
g.
A
A
A
A
8.
Btnl Trust Co.
Paul Trust <>
Salt
J.
A
St,
Lake
N. Y.. Cent. Trust Co.
J.
J. 1 percent pd. In 1901 2
,J5Broa<l.A Ir'kft
J.
NY
San Fran. A
New
May
May
Jan.
City.
York.
Jan.
1,
1,
July
1,
1,
Jan.
1,
I
B
5
g. IM.
New
York.
Apr.
1,
194S
1918
1919
1928
N. Y. Mercantile Tr. Co.
July 1. 1953
1942
Sept. 1, 1942
Bonds.— The .first mortgage certificates are issued against a like
amount of tirst mortgage bonds secured upon the constituent lines at
a rate not exceeding $16,500 per mile, and the second mortgage oertlfloates against second mortgage iiomls at $8,250 per mile.
The first consols of 1003 (authorised ISSOe 025.000 000), are secured
by all the property of tli
subject to the prior outstanding
bonds. Of the amount $6.uoo,000 were Issued to retire $1,700,000
equipment bonds and other capltil requirements. 09f000,000 were
reserved to retire by exchange the $10,000,000 second m<
,
Income bonds (of which $6,727,500 had oeen acquired In July,
and the remaining $ 10. 000. 00 are leserved for the acquisition of
branch lines at not over $20,000 per mile, a-quisitions and improve<
75 p, 186.) See V. 74. p. 328, 578, 630, 831; V.75, p. 790.
({ray's Point Terminal guaranty In V. 69, p. 1062. 8t. L. 80. W. owns
all stock and leases road for fifty years.
(\ 65, p. 413.)
Oross, $r>, 751.64 5; net, ^'..^81,663
Earnings.— 11 raos ,> 1902-3
Gross, 6,754,185; net, 1,973,560
JulyltoMay31 {1901-2
Annual Rbport.— Annual meeting is held at St. Louis, Mo., on the
first Tuesday in October.
Report for 1901-02 was In V 7">. p. 790.
l'careiuling June 30—
1901
1900.
1809.
Uross earnings
$7,267,'. 60 $7,387,1 74
$5,908,284 $5,862,338
Operating expenses... 5,173,066 4,632,892
4,209,088
1,156,073
$2,0!i;.l94 $2,754,282 $1,752,211 $1,653,250
Net earnings
(71-80)
P. 0. op. ex. to earns...
(71 '181
(7031)
Tot. net, lnol. other inc. $2.1*3,213 $2,836,478 91,8 17,896 $1,737,708
Taxes
155,771
151,567
133.495
L96,619
lnt,on|lst Aeon, morts.
811.848
800,000
800.000
800,000
Int. on 2d mort. bonds
180,000
400.000
380,000
360,000
Equipment payments..
204,889
171,061
385,413
258,825
61.148
44.536
Rentals.eto
66.907
50.143
Bal. over all paym'ts
$408,617
$270,292
08*8,190 $1,174,074
vice-President and General
Officers.— President, Edwin Gould;
Manager, F. H.Brltton; Treasurer, W. K. Warner; See, do. Krbeldlng.
Duel-torn.— Kilwln (Joull. Irvingl..n. NY.: U. at <i:ill»wav, Thomas T. Kckerl.
WiiMlow S. Pierce, William H. Taylor and All>ert L>Sb, New York; Murray
Carlcton, K. 11. Ilrllton and Charles I'.
lis.
Otllce. 195 Broadway, New York.-(V. 76, p. 1249; V. 77, p. 90.)
Si. Louln Troy A; KRHiern Rlt.— East St. Louis, 111., to Troy.
wiih branch, 1 mile, to oliinsvlUe, 111
111.
t>tal. 13 miles of road
(26 miles Of track). Stock, $350,000, all outstanding: par of shares,
$100 Bonds are subject to call at p*r after 1004. Prea., Ldwin 11.
Conrades; Sec. and Treas., Julius L. Wlnkelmeycr. Oltlce, 314 North
4th Street. St. Louis, lie —(V. 70, p. 126.)
St. I.oiiIm \ miu loll. A Torre Haute UK.— See July, 1902,
8upi'LK.mknt and V. 75, p. 667, 734, 1303.
SI. LoiiIn Walk lux A: <;iilf llr.— Like Charles to Alexandria,
La., 98 miles, with two branches aggregating 3 miles; total, 101 miles.
24. 1 002, of Kan City Watklns A- (iulf kk.. sold in
foreclosure on March 24. 1002
V. 7-i, p. 630, 681. Stock author
ited. tl.225,000; present issui
par of snares, $20. Bonds authorlaed, 01,225,000; present Usue. $983,360, consisting of $5
bonds and *100.700 In £100 bonds, valued at $4 87 per M.
President, J. B. Watklns; Sec. and Treas., J. s. Thomson, Lake Charles,
La.
Drectors, 7. 74, p. 680.- (V. 75, p. 201.)
st. Paul.— See Chicago Milwaukee A St. Paul.
M. Paul Kantern I. rami Trunk Iff.— (See Map Chicago A
S. Wj-Owns from Ooonto to Cllntonvllle, wis., 56 miles. Leased
Oct 30, 1884. for 99 years to Milwaukee Lake 8hore A Western.
Rental 30 per cent of gross earnings, Interest on bonds being guaranteed.
.ease acquired Aug. 16, 1893, by Chicago A North Western
through purchase of Milwaukee Lake Shore A Western.
si. Paul A Northern Pacific Ky.— Merged in Nor. Pao. RR.
(The) St. Paul C11I00 Depot Co.— Owns Union Passenger Station
with 8-76 m. of track (additional tracks being put In July, l:»02). the
stock being Increased from 0350.000 to about $1,000,000 for Improvements in progress; owned equally by the following:
rthern IVtCitl
'nil Minn. A Om i»ia. C.
•-n. Chic Bur. AOnlncr. Miun. St. I'aul A S. Sie.
Marie. M 1111. v tile. It. I. A I'ac.
Authorised -t iik. $l.000.0O0. Rental covers Intere- on bonds and
•iit on stock since May 1, 1902;
from 1800 to May, 1902,6
per eent dividends were paid. Year ending Dec. 31,
con0S2; net, $22,600; other inoome. $26,105; int. on bo
-. Pres.dei
struet'on advances, ate., 17337; d rld<
Niiel'res., Tho uas Cooper; Bee., W. Q. Johnnon.— (Y. 74. p. 1090.)
Salt Lake A Lou Aaajelea KK.— Road from Salt Lake to Saltair Beach, Utah, 15 miles, standard gauge—see V. 65, p. 824. Stock
$150,000.
In 1901 $300,000 first 6s were outstanding.
For year
ending June 30, 1901, gro-s, •f.yj.i;.^; net, $22,835,
.06 in
1899-00. other income, $6,021; charges, *19,s36.-( V. 65, p. 824.)
San Antonio A Aranaaa Pan* Ky.—Owns from Kerrvllle to
Houston. 308 miles Kenedy to Corpus Chrlstl, Tex., 90 miles Yoakum to Waeo, 171 miles; Hkidmore to Alice, 43 miles, Hhtner to Lockhart. 54 m.: branch. 21 in.: total. 687 m., all 50-lh. stefd. Ii
1903, contract was let for extension trom Alice to Brownsville, asout
180 m
Histobt.— Reorganized without foreclosure sale In 1893, management passing to 80. Pac, which owns $2,000,000 stock.
ments.
(V.
.
1
-
(
;
!
-
•
I
I
t
Total of
1930
1919
1,
;.;.
|To
(T.
J.
Apr.
Oct. 1,
Apr. 1, 1910
Fk.
11 mot.— earning*,
earning*.
inrmne
if i.ir,*
surplus.
1902-3. .. .$29,392, J90 $10,915 903 $350,033 $s 609.199 £2.626,737
1901-2. ... 25.661.150 10.207.470
866,916
7.626,483
2,84
Road operated 4.3 14 average miles in 1903. against 3,974 In 1902
Mam
Y
N.
3,272,,500
12.054 ,750
250.000
250.OOO
300.0OO
See text.
See text.
550.0OO
3,948.000
748,000
&
LoiiIn
O.
M. i N
1903
1902
1892
687
25
165
60
&
A
St.
F.
do
do
do
A I)
A A
*
1.000
1.000
1.000
1
ST. LOI Is SOI
J.
N. Y., Mercantile Trust.
H.
<».
20.OOO 000
,<XM)
100
1893
1.000
1888 500 Ao.
1889
1,000
1898
1,000
15
p. 114*».
V. 77, p. :H, 148.J
St. LoiiIn San
A O
MAN.
(i
1,120,000
As to Birmingham Belt RR. bonds, see V. 75, p. 1148.
General Financks.— As to new acquisitions in 1901-2 see "organization " and "Road" above.
In Jan., 903, 7.070,000 of the $7,217,800 common and $4,143,500
of the $6,830,700 preferred Chicago
Eastern Illinois
Itook was
acquired, the St. L.
8. F. giving in exchange it* stock trust cert Ifloatea
at the rate of 8.250 for each #100 share of common stock ami #150 for
each $100 share of proferied stock, upon which 10 and 6 p. 0. dividends,
respectively, arc paid. See Chicago
Eastern Illinois on a preceding
page and V. 75, p. 291. 393, 1031.
Stockholders of record June 30, 1901, subscribed to $11,650,000
4 per oent gold refunding mortgage bonds of the Kansas City Port
Scott a- Memphis Ky. due 1936. guaranteed principal ami Interest by
the St. L. A S. F., and $13,510,000 In 4 per cent preferred stock trust
certificates of the K. C. Ft. 8. A M. Issued against the preferred stock
deposited in trust. V. 72. p. 1238. See K. C. Ft. 8. Ai M.
L.
A.
4 g.
91
1,000
Choctaw Ry.), mostly completed from Ardmore, I. T., to Hope, Ark.,
223 miles, with extension from Ardmore to Lawton, a total of about
300 miles. V 75, p. 1087.
The $4,000,000 forty-year 4 per cent oollatfral trust notes of 1902
(Eastern Trust Co. of N Y., trustee) are secured by deposit of the entire
($12,500,000) Bt Louis Memphis & Southeastern stock. They an mto
Ject to oall at par at any time, beginning July 1, 1904, on 30 days'
Expended
*
6g. M. A
4 g. A A
6g. A. A
t>0, ,000
ee those com paiile*
1.179 ,000
4
1,116 ,000
4 g.
1880
1894
1893
....
J
1.
Ban Fran, d Ban Joat/uin Vat.—Bee Atch. Top. A
Ban Ped. Los An. <t S Lake-\*t M.. $50.0O0,000,g
Banla Fe Ventral -1st M., $2,500,000, g.P 1*1
V. 75,
4
MM
1883
Aransas Pass—Stock
1st M., $21,600,000 g., guar. v.
Bai Diego Ouuamaca dt East. Ay.— 1st mort. g..7Ic
Ban Fran, it So. Pacific— 1st M., gold, s. f.lffe.O'Ai
notice.
B4J ,500
,000
1,000 ,000
Manitoba—Bee Great Northern—
So. Pacific— Bee North's PaoIFIO KB.
81. Paul Unton I) pot— 1st M., g., l»t. as rental...
Consol. M., gold ($100,000 are 4s), Int.
rental
Bait Lake <tf Los Angeles— \%% mort., gold.irio. el
Ban Antonio
l.OOO
1,000
l.OOO
A Memphis, s
.
2d M.
r
#. >00Ac.
);
-
-
;
:
—
v
INVESTORS' SUPPLEMENT.
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ST. LOUIS
SOUTHWESTERN
RAILWAY.
o
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RAILROA
Mrst
page of
„„
Miles
I
or explanation of column headings,
on
!
RAILROAD STOCKS AND BONDS
1803.]
Ac, see note*
tables.
of
Santa Fe Pre*. <t Phoenix— (Oon )— 2d M., gol d
Preeoott A Fast.. 1st M., $375,000, p. At gu <e
Saranac <t Lake Placid— 1st M.,$120,000,g., Ce.C
2d mortgage, $24,000, Ce
<
Saratoga
<i
198
•
264
lo
"ii
—
All
due guerterlj
«.
Ac
Carolina Central old bonds, non-assented
1st Oonsol.M., $3,000,000, gold, gu. p.Al.end. P
lla
Durham A Northern, 1st mort., $ 150.000.
Roanoke A Tar River. $2C0,000. *l e lla
Flor. Cen. A Pen. 1st M. $5,226 p. m., gold Cfc.o*
2d M. (1st onext.,92 m.) $5,226 p. m., gold. A .0*
Consol.M., $7,800,000 ($10,000 i>.m.), gold.G.oSouth Bound 1st M., gold. Int. rental.TOe Ka.c*
Ga. A Ala.. 1st M., con.. $10,000,000, g Itll.i
267
42
«
32
575
666
780
136
400
<
1898
1XSM
1SS7
1888
1H90
1898
1891
1895
1,000
1,000
1,000
1,000
1.000
1,000
i.bbo
Bonds.— Mortgage
Co.)
.
for $21,600,000 (trustee. Central Trust
and the So. Pacific Co. by endorsement on each bond guarantees unconditionally "the punotual payment of the principal and Interest."
Bonds for $2,700,000 reserved for extensions, limited to 100 miles
See full abstract of mort. In V. 56,
at +27, ooo per mile, equipped.
Due south. Pacillc Co. June 30. 1902. $1,927,113.
p. 54o.
In July, 1903, the Texas Railroad Commission ordered the company
on or before Oct. 3, 1903, to cancel $1,356,000 of the outstanding
$18,900,' 00 bonds alleged to be issued Illegally, to reduce the stock
by Sept. l."> to $1, 000,000, and separate the management from the
Southern PaolflO. The cancellation of Boon bonds may be deferred
pending tro completion within two years of an extension from Alice to
Brownsville, on the Gulf of Mexico, about 150 miles, when new bonds
on the extension may be Issued In exchange therefor. V. 76, p. 1302.
1409; V. 77, p. 90, 148.
Earnings.— 10 mos., > 1902-3
Gross, $2,141,276; net, $446,940
Jaly 1 to Apr. 30. $1901-2
Gross, 2,172,830; net, 575.17 1
Annual Report.— Fiscal vear changed In 1897 to end June 30. Report for year to June 30, 1900. was In V. 72, p. 627. In 1901 2, gross,
$2,547,166; net, $644,669; oth. Income, $1,745; interest on bonds,
etc., $1,022,995; balance, deficit for year, 8176.581.
President (July,
1903), Charles R. Hudson.— (V. 70. p. 1409; V. 77, p. 90, 148.)
Sun Antonio A <• n IT Kit San Antonio to Stockdale, 37 miles.
Stock authorized, $1,000,000, Issued Apr. 1902, $32,000. Bonds authorized, $250,000. In March, 1903, foreclosure was pending. V. 78,
For year ending June 30, 1902, gross, $69,548; net, $31,361;
p. 543.
deductions, $20,583; bat. sur., $10,778. President, George W. BrackInrldge; Secretary and Treas.. John A. Fraser, San Antonio, Tex.— (V.
708; V. 69, p.. 591; V. 76. p. 543.)
Stanford
84. Petersburg It y.— See Atlantic Coast tine RR.
A
A
North Pacific Ry.— Point Tlburon, Cat, to
San Pranclsco
Uklah, Cat, 106 miles, and brandies, 59 miles. Consolidation of March
1889.
Has steamer connection (6 miles) with San Francisco,
19,
teased to the California A Northwestern Ry., Incorporated in March,
1898. The S. F. A N. P. guarantees $2,000,000 Cat A Nor. 5 per cent
bonds, to be Issued at $25,000 per mile. V. 67, p. 370, 688, 788. Stock
Issued, $6,000,000; par of shares, $100.
Bonds.— Issued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and Interest. [Mortgage abstract V. 49, p. 241.]
Latest Earnings.— For 11 months ending May 31:
11 mo*.
Gross.
Net.
Ohmrges.
Bal.sur.
1902-3
$24S,425
$1,171,304
8376,917
$27,792
1901-2
1,011,302
265,850
250,384
18,469
Anndal Report.— Report for 1901 02 In V. 75, p. G64. showed gross
81,132,579: net, $309,205; charges, $224,493; bat, surplus. $83,772,
In 1900-01 gross, $1,039,000; net, $337,579.— (V. 75, p. 136, 664.)
San Pedro Lo* Angeles A
Salt Lake Ry.— Projected from Salt
Lake City, Utah, to San Pedro, on the Pacific coast, about 850 miles of
main line, with bra nches, making an aggregate of about 1,100 miles, the
Los Angeles Terminal Ry., 51 miles, being acquired, and to
merged about Apr. 1 1901, as a part of the new line. In Nov..
112 miles were completed at he western end of the line, of which Los
Angeles to Riverside, 38 m„ was operated in Mar
On June 3d, 1903. purchased portion of Oregon Short tine (Union
Pacillc system) extending from Salt take City to Calientes, N'ev.. 3 10
miles, with some branoh mileage and additional completed mileage
south of Calientes, 550 miles in all. This leaves about 400 mil.
constructed westwardlv from Calientes to complete the through line.
of which Calientes to Daggett to be built by company and 90 milt s
from Daggett to San II. rnirdlno to bo (temporarily) Atch. Top. A
Santa Fe trackage. The 8 It Lake City terminals are leased for 99
year- from July. 1903. V 76, p. 920, 1193, 1356; V. 77, p. 88, 148.
President W. A. Clark owns control. V. 75, p. 907: see V. 74, p. 269;
,
1
p. 1148, 1204.
Stock authorized, $25,000,000; all Issued.
BoNns.-Of the 4s of 1903 ($50,000,000 authorized issue; Equitable
Trust Co. of New York, trustee.) $40,000,000 may be need for the
following purposfs (balance reserved for future requirement
To pay for the 550 miles of Oreg( u Short tine acquired, for whlsh
$7,s0t ',000 cash was paid, the road already completed and acquired
and tos Anceles and San Pedro terminals (costing in all $10,200,000)
and lo complete the system. V. 77, p, 3*. 90
For year endlngJune 30, 1902 (49 miles), gross, $268,371; nel
913. President, W. A. Clark Secretary, !. F. Miller; Treas., W, It
Leete.— (V. 76. p 920, Hi- 3, 1356; V 77, p. 33, 90, 148.)
Sau Pete Valley Ry.—Nephl, Utah, to Morrison, 51 miles; Quarry
Branch (opened Aug., 1899), Nenhl to Cooper. Utah, 5 miles; total, 56
miles. Stook, $510,000; par of shares, $100. Bonds. $565,000 lBt
gold 4s, dated 1894, due 1923, interest J-J, and $250,000 2d mort. is
dated June 1, 1895, due 1921, interest J-J, Farmers' Loan A Trust Co.,
New York, Trustee. Year ending June 30, 1902, gross. $20,091; def.
under oper.exp..$5,326. Theo. Bruback.Gen. Mgr.. Salt LakeCity.Utah.
Santa Pe Central Ry.— Under construction from Santa Fe, N.
south to Torrance, 117 miles, to be completed during 1903.
Branch from Moriarlty Jot to Albuquerque. N. M. 47 miles, Is reported to be proposed Incorporated in J ufv, 1901. Stink authoriied.
$2,225,000. Of the bonds. $2,000,000 are Issuable at once, and the remaining $5CO,000 after Jan. 1.1904, for Improvements and extensions.
V. 75.
;
M
,
A
A
A
M.
6
July I, 1948
Apr. 1, 1928
Cortlandt Wl.
May 1. 1918
do
do
May 1, 1913
Troy, United Nat'l Bk. July 15,'03,3»g
N. Y., 44 Wall St.
July 1, 1937
IT.
YM Central Trust Co,
I
J.
O. N. Y, Standard Tr.
V. 21 CortlandS. N
Co
Apr.
1,
1,
1959
1924
600,000
M.
4
N. Phlla, Phil. A Read.RR May 1, 1948
50
576.050
5
J.
nn'l. Julyl3,'03, 24
J Phll.i
100 29.000,000 Tn votln g trust.
ioo 19,400,000 In votln it trust.
Apr. 1, 1950
L900 l.OOOAc 12.775,000
4 g. A. A O. N. Y., 15 Wall Street
1901
1,000
10,000,000
New Yoik.
May 1, 1911
5 K1903
1,000
See text.
M. A S.
May 1.
do
To July 1.1918
1900
2,113 767
5,000
i'- J. A J.
4>9
1,000
1902
595.000
F. A A
N v. 03-Fb. 12
1,000
Ga.AAla.Term.Co.,lstM. (call at 110). guar, p. 41
1898
268 mit
Ga. Carolina A Nor., 1st M., g., guar. ITIe Kao"
a Inoludlng $140,200 bonds held alive In sink lng fa nd.
Is
A
4g. A. A
i
44
11)03
1,000
1,562,000
olldat ed mort gage.
'Bl-'gi
1,000
115,233
ft'
Old LOANs.exeludlng amounts ('(pledged unde
M
§*
600.000
MlO.ooO
Nassau Strict.
J.
O.
N.
•
,
(V. 74, p. 380)....
ter. 0,
A
A
'
.
do
A
J.
I'' A.
875,000
120,000 5 (6) g. M.
5
24,000
480,000 7 per an
9O0.000
J.
l.OOO
l.OOO
-Last
Dividend.
I
,
9,984,000
91,000
1874 100
1898
Schuylkill Valley Navigation <t Ji/t— Stook
Seaboard Air Line fly.— Stook, com., $37,500,000..
Preferred stock, 4 p. ft., OOH-611JIL., $25,000,000
o*r
1st M., $75,000,000, g. (see text). CoBa
Dot tr rat M., g.,* 10,000.000, red. at 1()5 Ce o'
Atlanta Hlriu division 1 st M., $10,000,000. ..K
Equipment trust, due quarterly..
do
,
'
Ste.
Eqiiipm't mort., gold,
r a i„„
value
500
10
100
1,000
1887
iij
RR.
1.1 M.
1902 1.000*0
Schenectady- Stock (rental guarant'd)
Marie Bruige— 1st M., g-.s.t.dr'u at 1 10.
8%vannah Florida <t West'n— See ATLANTIC COAffl
Savan'h Union Stat. Go.-lst M., $600,000, g..TIi>.i
ScKeneetady <t Duancsb.—\nt mort., Interest guar..
Schuylkill \i Juniata— See Pennsylvania RR.
Schuylkill <t Lehigh 1st M., guar, by Read'g Co...
Sault
1893
1808
1898
1896
•
»„,„„„.
rJSSSi' . Rat« pat
Outstanding
Cent.
Ptyable
Pu
Road. Bond!
.
on
Dees BUe.or
of
1*3
bourn Principal, When Due.
I
g.
A
A
A
A
J.
J.
J.
3.000,000
•100,000
•56,000
8,000,000
410,000
4,372,000
2,033,000
5,405.000
1,000,000
B,86O,000
M.
A
A
New
J.
'
do
do
New York, 15 Wall 8t
do
do
do
do
N.Y..15WallSt.,orBalt.
New York, 15 Wall St.
New Vork.
Bait., Mer. Tr. A D. Co.
J.
,
Ap.'13
J. Bait., Mer. Tr. A D. 00.
J. N. Y., Farm. L. A
N. Bait.. Mer. Tr. A
<>
,
York.
1920
Jan.
1,
1949
Hot. i, 1928
1917
July 1, 1918
Jan. 1, 1930
Jan.
Apr.
Oct.
1,
1,
1,
Deo.
July
1,
1,
1948
1941
1945
1948
1929
Incident, H. H. Andrews; Secretary, J. E. Saint; Treasurer, J. T. MoAlbuquerque, N. M.— (V. 75, p. 186.)
Santa Pe PreMcott
Phoenix Ry.— (See Map Atchison To.
pekaif Santa Fe ) — Owns Ash Fork, via Presoott, to Phoenix, Arizona,
190 miles; opened In March, 1895. P. A E. Jet. to Mayer. Arte., 264
m. built under charter of Pp
astern, was completed
1898, and is leased for 99 years ami Its $375,000 bonds guaranteed.
Branch from Huron. Ariz to Hlg Hug mines, 8 miles, complct* d \pr.,
1902; extension under way from Meyer to Crowned 'King mine. 27
miles, of which k> miles completed Apr, 1908: total 248 miles.
The Phonix A Eastern Ry., completed f»om Pbcsnu to Mesa, 15 miles,
and under ooDStraotlon to Benson, 168 milts additional, he
taiighiin,
A
i
,
op. rated since .lino- 7. 1908.
V. 77, p. 90.
Stook, $7,903,000. 'l'he roatl Is tax exempt
by legislative enactment
for20years from 1891. The Atch. Top. A 8. Fe took possession Nov. 8,
1901, having aoqulred $2,963,000 of the second mortgage bonds and
all of the stook.
paid Apr. 30, 1903. Bee oftiolal
Dividend. :i p.
c
statements, V. 73, p. 898; V. 74. p. 150; V. 88, p. 838; V. 75,
Report for 1900-1 was In V. 73, p. 954, showing:
Years.
Oross.
1901-2
1900-1
-(V.73,
$1,050,035
956,624
p.
$617,950
525,711
781, 844,900,954; V. 75,
Saranac
p.
680.
Rrnlttl.
Net.
Intrrett.
Pal., sur.
$17,912
$395,523
$20-1,515
p.
17.C.37
395,621
667; V. 77, p. 90.)
112,453
Placid RR.—Owns from Saranao Lake to
10 miles; operates under contract N. Y. Central"
A Lake
Lake Placid, N.
Y.,
58
miles; total operated, 156 miles. December 19,
1896. leased to Chateaugay RR. and Cliateangay Ore A Iron Cos.
lolntly for 17 years, and Interest on bonds reduced from 6 to 5 p. c;
rental 35 percent of Its gross receipts asd one-half net profit from
transfer business at Lake Placid— at least $7,200— to pay 5 per oent
Interest on bonds, which interest is guaranteed Jointly at 5 p. c. to and
Including Nov. 1, 1913, by endorsement. Operated by Delaware A
Hudson Co. since Jan 1, 1903, under temporary arrangement. V. 76,
Dividends.— In 1893, 3 p. c; in
p. 103. Stock, $250,000 (par $100.)
L894, 9 p.c; In 1H95, 2 p. c; none since to Oct. 1, 1902. For 1901-02,
rental, $9,048.— (V. 64, p. 182; V. 76, p. 103.)
Saranao branch,
Saratoga
A Schenectady RR.—Saratoga
to Schenectady, 21
miles. Leased in perpetuity in 1861 to Rensselaer A Saratoga and
lease assigned to Del. A Hudson Canal, by which it Is operated.
Rente I, $31,750 per year. Stock, $450,000. Dividends, 7 p. o. yearly.
Sai It Ste. ^larle llrld-e.—Own Sault Ste. Marie Bridge, including 6 421 feet of main track. The Canadian Pacific, Duluth South
Shore A Atlantic and Minneapolis St. Paul A Sault Ste. Marie KK. cos.
agree to pel for use of bridge an amount equal to operating expenses,
anil Interest and sinking fund of debt. Mortgage, $1,000,000; sinking
find. $5,500 yearly.
Stook. $1,000,000.
Savannah Plorlda A Western Ry.— Consolidated
1902, vith the Atlantic Coast Lino
RR.— (V.
on Julyl,
75, p. 31.)
Savannah Union Station Co —Owns nnlon passenger station
and terminal at Savannah. Hi., with s miles of track. Leased by the
Southern Ry.. Savannah Florida .v. Western (now Atlantic Coast Line
RR.) and Seaboard Air tine Ry which own the $300,000 stock, the
rental providing for lBterest and sinking fund on Donds, maintenance,
etc.
President, w. W. Maokall; Treas., Savannah Trust Co.; Secretary,
W. V t>a\ ls.-(V. 71, p. 343. V. 74, p. 1039. 1253.)
Savannah A Slateaboro Ry.—Owns Ouyler to Statesboro, Ga.,
84 miles; trackage, Cuyler to Savannah, 21 miles. Extension was proprosed from Statesboro to Swalnsboro, 20 miles. Stock authorized,
$300,000.
The shareholders on Deo. 20, 1902, authorized amortgjgc to secure $500,000 50-year 5 p. c. bond"; Savannah Trust Co.,
trustee; $160,000 issued Apr., 1903. and old 6s retired. V. 7.r)t p, 1303.
ling lieo. 31, 1902, gross, $38,204; net. $14,889
President,
Ceoil Gabi.ett Savannah; Tress, and Sec, W. T. Dante, Washington,
D. C. Office, Statesboro, Ga.
(V. 75, p. 1303. 1401; V. 76, p Schenectady A Diianenbure:.— From Quaker Street Junction,
N. Y.,to Sohenectady. N. Y.. 14 miles. Owned by the Del aw are A
Hudson Co. Stock, $100,900.
Schuylkill A Lehl^li RR.—Owns from High's Farm, near Reading, Pa., to Slatlngton, Pa., 44 miles. In 1883 leased to Phlla. A Reading RR. for 999 years and In 1896 lease assumed by Phlla. A Reading
Ry. Rental. $27,0O0 yearly. Reading Company owns stock ($600,000),
of whloh $598,000 Is deposited under its general mortgage of 1897.
Schuylkill Valley Navigation A RR.— Port Carbon to K
dale. Pa., 11 miles; 2d track, 5m; branches, etc, 1141 m.; total
28 miles. Leased July 25, 1861, for 999 years to Phlla. A Reading KB.
Lease assumed in 1896 by Phlla. A Reading Railway Co. Rental
$29,450, whloh pays 5 p. o. on stock and State taxes.
Seaboard Air Line Ry.— fSre Map.)— This company owns a
line from Richmond. Va., to Atlanta, Ga., and Tampa, Fla., etc, vlx.:
Lineia r,,t,i \n ft*
Miles.
Proprie;ari) Lines.
3ldes.
Rlchmo'd, Va..to Savannah, Ga.502 Otherllnes
354
Wilmington, N. C, to Atlanta,
Port8m'th.Va.,toWeldon,N.C.
81
o Suwanee Rlv., Fla. 58
437
8avannah,Ga., to Montgomery,
32
State line to Lewlston, N
Ala. (58 miles trackage de61
Trackage
,
ducted)
Jacksonville, Fla., to
280
Tampa,
Cedar Keys, Chattahoochee
River, eto
806
Totalsys. (see V. 74, p. 773),2,611
-
SUPPLEMENT.
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Ji i.v, 1903.
RAILROAD STOCKS AND BONDS.
J
RAILROADo.
arc.,
see notes
t
Road. Bonds
Seaboard Air Line Ry. — ( Coneluiti
Kalelgh A Augusta, Lsl M guar, p A L, R
Raleigh & Gaston, 1-t M.. $1,500,000, --. .^I
,
A Roanoke— 1st
107
I
.
IS.i o
M. $2,500.000..1Irlt.i
Debent. $690,000, to be secured by any 2d
Car and equipment tmstl
BhaimiKm Siiii/iury it Lewiaburg~l»t
2d mortgage, K»l'd
gKaniokiH Vol. .f Pottt
1st M., $2,000,000. *., sink,
niort
....
81
M
o'*t
0*
guar, by No. C.
fun.l (nol dre*
Bharon-HXmk ($800,000) 6 p. C, guar, bj rental.
Sharon, 1-t M, _ (Sharon to Pj
...F
Now Castle «\; snenango Valley 1st m.. int. gu.
k,
F
-um
Shrew-port .c Red River VniUy- Bee Loi
Bt.
Sierra Ry. (of Oal.)Sierra Valleys— 1st M. (Cal Safe Dep. Oo. trustee)
Bxlver Spr. Ocala it Qui/- See Atlantic OOASI Lis
Bkmifiih Us HR.—lut inort., $100,000, gold.Uam.
Somertrt Hail may -1st mortgage
Consul, mortgage, $420,1 00, gold
South Oaroltna PaelHe- 1st M., cur.. Int. renl
Bo. aeonj-ii <* nv, Ooeut
Mottgage, $250,000. g..
Bo. it No.Ala.—2t\ M. g. ,$2,000,600 (own. by I.
Consol. inort (for $10,000,000), gold, guar.<
Bo. Illinois it Mo. BridoM
$3,000,000. g lie
li M
South' n I nil aunt 1-t M gold 9e<
l.<
South Fae. Coast 1st M., g.,gu. (8. f 1912)
F <
8outh,rn Paeifle COMPANY Stook($200,000,0O0)
I
31
31
38
38
33
li.
17
.
Col. trust inort., cold, sub. to call at l'ar.l'n
lHt inort. bonds, Ber. A. $3,000.000...
Coll. tr. M., g., sec. by Pac. Mall, eto. red. '02.C. 0*
42
u
10
189
lsil
1,000
1,000
v.io
1901
1,000,000
1,000,000
1,000
1,000
6
4»s
6
1,000
1,000
g.
v
BT.
1.000
100.000
1901
1887
g-
5 g.
4 g.
M.
4
F.
4
g.
g.
g
J.
g.
J.
4
:
12.775.OO0
20.000.00J
i
29,725,000
mu
12.900 000
The collateral trust refunding gold 5s of 1901 will be secured by deposit with the trustee of $20,000,000 4fl of 1800 and wen apt)
fund the $3, 400, OOO (! per cent certificate- [V. 70, p. 842), called for
one mth interest In the road
payment on Aug 28, 1801, to purohase
from Richmond, Va., to Washington. I). ('., and minority stocks of subsidiary lines, and to provide for retirement of maturing car trusts,
floating debt, future betterments, etc., and to retire the collateral trust
5s. due Oct
1903. (V. 71. p. 69*). for which an equa'. amount
lateral trust 5s are reserved.
V. 72, p. 1280. The $2,483,000 Ga. A
Ala ."i„ preference lionds were paid Oct. 1, 1901, and the $1,323, ooo
coll. tr. 5s on Oct. 1. 1902.
Hi- Atlanta a Birmingham division 4s of :<)03 ($10,000,000 authorized issue u ill be ser u red on the line to be built from Atlanta, ..c
Birmingham. A a., 174 miles, with branches 30 miles, a total of 204
miles. In Apr., 1903, $6,000,000 b >nds were told V. 7<i, p, 1302.
The series C equipment trusts mature 4 12,000 quarter!] from July
1. 1903. to Apr. l, i«ios, thereafter quarterly $39,000 each July and
$38,000 euch Jan., Apr. and Oct. to Apr It) 13. 7.76, p. sot
,
i
I
.
General Finances.—Capitalization per mile Is reported as $19,380
bonds, $6,560 preferred and $1 1.450 common stock, interest on bonds
and rental charge for year 1902-3 mot allowing for equipment
Issued since June, 1901), about $2
seeV 72, p. 1281;
p. 77-i. In Feb., 1902. issued 0700.000 equipment trusts.
V. 74, p. 828.
Latest Eabn.- 11 mos.,) I'."
158; net, $3,089,000
July 1 to May 31.
{ 1901 S.OrotS,
10,082,806; Bet, 3,197,980
RBPOBT.— Fiscal vear ends June 30. Report for the rear ending
June 30, 1902, was in V. 70, p. 476, 189 See also editorial, p
.
SwmSO
6
i
8. M. ATr.ro. Aug.
Boston A Oaklai:
July
Nat Shaw. Bk. July
.1.
A-
N
a-
N.
N.
N. Y., Mercantile
1
.;
(ia.
15 Wall St —(V. 76, p. 1302, 1356
Seaboard A Roanoke
See Seaboard Air Line Ry. above.
Seattle A San !•" ra n« l*co n>. A \ a vi-al 1<> 11.— Oroanization.
—Incorporated in March, 1899, to own 1,931 acres of coal lands 25
miles southeasterly from Seattle, Wash !
terminal and dock
f>roperty at Seattle, etc.; also Bteamshlp Lines and 35 miles of railroad
f bullt.-V. 08. p. 929.
V.69. p. 396, 852. In A
the Northern
Pacific acquired control. V. 75, p. 891.
I
.
1,
1.
1,
1,
1918
1917
1950
1914
1923
19lo
1938
1,
1,
1951
1937
l,
1949
1911
1905
Aug.
Nov.
Feb.
July
I
l'lieiiix Nat. Bk.
A A
A J. N.Y..8.Pac.,120IS way
A D. ut oonp. paid Dec. 1899
N. Y.. [20 B
do
dO
A D.
Aug.
1,
1,
1,
1.
l,
8tock, $3,000,000. Bonds, $1,500,000 1st 40 year gold 5s,dated Apr.
1899, int. A-O at Metropolitan Trust Co.. N. V.. trustee; $825,000
The April, 19t'3. coupon was not paid. See pari
in V. 09, p. 182, and advertisement in chronicle of July 22
President, C. S. &!
78, p. -3; V. 75, p. 291; V. 76, p. 1
1,
Nebaotlcook A llooncheud
KK.— V.
me
08, p. L0
24,
1899, A. B. Thompson, ot 1'ittslleld. Me., was appointed receiver.
Miiimoli In Siinbury A Lewrlaburu
"arbon Run Jet. to
West Milton, Pa, with Iron bridtfe over Susquehanna, 31 miles; second
track, 15 miles; total of all track, 57 miles. Leased to Philadelphia A
Reading RR. July 2, 1SS3, for 999 years at 6 per cent on the stock,
and lease assumed in 1896 by Philadelphia A Reading Ry. Used for
coal traffic northward. Stock, $2,000,000 (par, $50) owned by Reading
Co., of which $1,995,000 Is deposited under mort. of '97.— (V. 51, p. 21.)
KK.—
Miamokln Valley A
Pottavllle lly.—f See Map Pa. RK.)—Sun-
bury Pa., to Mt. Carmel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes, interest on the bonds and
per cent on the stock, of
which $619,650 Is owned by the Northern Central. The $2,000,000
first 3^ (of which Penn. RR. Jan., 1903. owned *l,r> 14. 000], were Issued
to retire the 7s at maturity July 1, 1901. -(V. 73, p. 189, loo.', 1314.)
Miaron jr. —Owns from Newcastle. Pa., via Sharon, to Pj-matunInir.
Pa., with oranches. 3307 miles in all. Consolidated uuh Newcastle A Shenango Valley RR. and then leased to the Erie RR. for 900
years from Deo. 1, 1900, for interest on bonds and
per oent on stock,
the old leases being canceled.— (V. 72, p. 88; V. 73, p. 399 )
nIi re v« port Ifrldgo A Terminal Co.— To construct a bridge
across the Red liiver. to be used by the St. Louis Southwestern and
shreveport & Red River Valley railroads. Bonds will be Issued. See
V. 76, p. 2C0. President, T. Alexander. (V. 70, p. 266.)
Mireveport
Ked Klver Valley.—See Louisiana Ry. & Nav.
Sierra Hallway (of (a lornla).—Owns road from Oakdale,
on line of Southern Paeinc. to Carters, Tuolumne County, 58 miles
Branch, Jamestown to Angels, 19 miles, was opened Sept. 15, 1902.
Stock authorized, $5,000,000; lssned, $2,780,000. Second mort. income bonds $1012,000. For
mos. ending Dec. 31, 1902, gross
r'or year ending June 30, 1902. gross,
$181,492; net, *i 11.881.
$261,814; net. $1.">0,778; int.. taxes, etc.. *7»i.3;3; bal.. sur.. $74*406.
Prest., Prluoe A Ponlatowski; Sec'y, S. M. Rickey. San Franolsoo, CaL
sierra Valle) It K. —Plumas to Clairvllle, Cal., 31 miles. Stock.
$945,000; par, $100. Extension to Mohawk. 6 miles, will be completed
in 1902. Pres., E. R. Dodge, Amedee, Cal.— (V. 74, p. 776.)
Nil ver spring* Ocala A Ssxlf
See Atlantic Coast Line RR.
silverion RR.—Owns Silverton, Col., to Irontop, 22 miles. In
July, 1899, Alexander Anderson was appointed receiver.— V. 69, p.
132. Stock, $350,000; par. $100. Bonds. $425,000 1st gold 20-year
Os. due Oct. 1, 1908.
In Apr., 1903. no reorganization plau had been
agreed upon. Year 1898-99, gross, $10,885.— (V. 69, p. 132.)
somer»et K}.—Owns road from Oakland to Bingham, Me., and
branch, 42 miles.
Road opened In 1890. Capital stock Is $736,649
(par, $100). Of the 4s of 1900 Maine Trust A Banking Co., Oardiner, Me., trustee, the balance are reserved to retire the old 5s at or
maturity. V.70,p.l096. Bills payable June 30, 1902, $25,000.
vkninos.— For year 1901-02: Gross, $134,069; net, $34, o21; charges,
$18,700; balance, surplus for year, $15,821.— (V. 73, p, 900, 1008.)
son ih Carolina A Georgia KK.- See .-outh'n Ry., Carolina Dlv.
south Carolina Pacific Ry.— North Carolina State line to Ben
nettsville, S. C. 10") miles.
Leased till Dec, 1924, to Atlantic Coast
Line RR for Interest on bonds. 8tock, $100,000. Bonds, see table.
somli (iforgla
Weal « oa-t lly — ileartpine to Greenville,
miles; extension is proposed from Greenville to the (iulf. 00
(li.
Stock
The bom:authorised
used to pay otr present debt, balance for imp!
I'. J. Spain,
of Quitman, (ia
is mortgage trustee.
V. 7ti, p. 7(i0
For vear ending
June 30. 1902. k'ni,;.
President, J.
sr, 0. T. Tillman.
[V. 76, p. 706, 866.)
Southern IlliiioU A ."»l l»«o 11
llrldire Co. — His under constructionabi
the Mississippi River between Theb
and t.ny- I'oint. ftfo to be completed Jan., 1904, forming a direct
,
R
A
1 1
KK.—
I
:
A
.
1
I
.
n Illinois and the St. Umls
Southwestern Ry. Length t<> be 2,750 feet t>f steel truss and 1,100
feet of coneren arch.0,000. all outstanding. In
1901, made a $3,000,000 mi
78.)
V. 75. p 7southern Indiana It) .— s, r i/ (J/
re Haute. Ind, to
,
ledford Belt Ry..
.
KK.—
Oct.
Jan.
Apr.
.-.
Quitman, Q ..
Y. Of., 120 Broadw'j
Y.,Ofllee, 120
N. Y.
1-
ce.
1937
•
1
Main office, Riohmond; N.y
12,
1915
i
Gross earnings from railways
$11,008,478
$10.)
Gross earnings from water lines
511.
$ii.r>7!>,*i."i
Total groas earnings
9
Net earnings, including other income
$3,471,553
Deduct — uterest ou bonds
$2,481,400
Other Interest
no
Rentals and miscellaucous
f>8.995
Balance, surplus
$820,257
-':>,ti,V.)
OmcBHs. President, John Bkalton WTOUm*; Vloe-Prealdenl and
Gen. Iffgr., J. M. I'.arr; Secretary, D.C. Porteous; Tretis.John II. Sharp.
Directors. -John Bkelton Willtamn, Riobmond. Va: Jas. M. Barr, PorUmom b,
U. Addison, of Richmond. Va.: J. \\
V:i.:
Mid lendorf. Wm. A. Marburg. S.
Darlea Warfleld and Robert C. Davidson, of Baltimore, n.c Geo. W.
Durnam. N. I'.:
in M II
Dooley, Richmond. Va.; F. R. Pel
Thalmann. New York; C. Sidney Miepard. of New Haven. N. > W.W. Mackall,
Savaunah.
Apr
-
J.
',-.27
;
4>a
<
.
3%
1
A. N. Y ,U.
eg.
2.215,000
15,000,000
:
/una SO, 1908.
1912
1925
03.
1. 1931
Sharon. Pa.
Mar 1. '•
Farm, LATr.Oo. June
Fann. I.. A
July 1, 1917
tteMll.-,
J.
8,000,000
400,000
8,760,000
5.50O.0O0
1,000
ended
1.
.
"0,000
-s, -,1s, 500
The proprietary lines Include Roanoke & Tar River RR. stock all
owned). :i2 miles; Seaboard A Roanoke RR. (91 p. c. of stock owned).
81 miles; Atlantic -uw.iine Kiver A (iulf RK., 57 miles (stock all
owned.) In addition owns entire Mock of the (ieorglaA Alabama
Terminal Co., operating 8 miles of track.
Also owns a one-sixth Interest In the Richmond-Washington Co. controlling the road Iroin Richmond, Va.. to Washington, 1). 0. (V. 73, p.
843.) and under tratlic agreement with the Pennsylvania RR. maintains through car ser\ ice between New York, Philadelphia, Washington ami the Smith, also controls the Baltimore steam Packet
bonded) and a substantia] Interest In the old Dominion Steamship Co,
In L909 the Ka-t A West KR.. Carlersvllle, (ia., to Pell City, Ala.,
117 miles, with branch to Jacksonville, Ala., 8 miles, was Required,
anew road from Birmingham to Coal tty, 39 miles, and one from
Rockmart to llowells |3 m. Irum Atlanta). 42 m., being limb
struction. tO form Hue from Atlanta to Birmingham. V 70, p 18
Organization.— An amalgamation in 1800 of various "Seaboard"
lines, including those whose securities are shown in the table above;
these lines were subsequently (except 171 miles) merg. d.
Stock.— Authorized $62,500,000, of which $25,000,000 pref.; outstanding Jan., 11)02. common, $29,000,000, and pref. $19,400,000.
Bdm.v The4sof 1900 are a first lien on about 350 miles of road.
including 102 miles of main line from Richmond to Ridgeway and loU
miles from Hamlet to Columbia (subject only to $155,000 prior Lien
bonds on two branches); also a dlreet mortgage on the who;,
miles of consolidated road, subject only to $18,098,000 Drior lien outstanding bonds thereon (or an average of about $11,500 per mile) and
a consolidated collateral lien on the remainder.
The 4s or l'.nx) have been Issued, pledged or reserved as follows
Total authorized Issue In no case to exceed
$75,000,000
A
f.
6
5
-'•.7.000
is;il
l'«ar
1.
A A
F.
1
1899 500 Ac.
L900
(
5
5
',000
1,000
1S.SU
(
May
July
Broad Bt Stat'n Aug..
Juiy
do
rocker- Wool worth Bk.
'
g.
F.
172.rOO
104.600
1,000
1,000
1,000
1,000
1.000
1903
L880
t
v..
Y..
'
:
A Be a
do
Phlla..
Jan. 1, 1926
Jan.
July
Aft. Julf.lDie
1
do
dO
So
Phlla, Phil.
300,000
500 Ao.
1900 500 Ac.
1884
coll. tr ref. 5s
m1 to retire at maturity, dollar for dollar, hII
ho underlying bonds on the va' I0D8 divisions of r>« system
Issuable only lifter July 1. 1903, for additional properties, improvements, extensions, etc, at not excee
tl.6oo.uo0 for
four years and fl.uoo.ouu per annum ti en-after
J.
a a
6g.
1,233,000
.
A
do
A
do
1
1897
1895
outstanding
•cure tne $10,000,000
A.
J. Halt., Merc. Tr.
do
J.
do
J.
14 g
657.650
164.000
250,000
100
....
A
A
A
A
J.
r.
6
50
AT
J.
J.
J.
F.
g.
6g.
1,000
1889
1887
Dividend.
5
f.450
Whom.
-
pal, When Due.
Blot kt Last
Payable
1
50
1
1901
150
104
Steamship
lleb
..ooo
-
62VOOO
1882
Bond*— Pnnc
Where Payable, and by
i>er
Cent
6
5
5
1898
77
si
,
,
1,000
LOO Ac.
l--.;
Kale
$1,000,000
1.200.000
2.500.OOO
1886 $1,000
1,000
1897
VIO
'
I
Outs tan ding
V.i. .f.
1886
i
Amount
Par
of
of
1»7
INTEREST OB DIVIDENDS.
Size, or
For explanation of column headings,
on first page of tables.
8eal).
W
B
.
Heiiford to Oolitic, Ind.,
1
miles,
under perpetual contract, by which
earnings abore int. on $350,000 5 p c. bom
ith"rn Ind.
Ry, Under ooustruot Ion In July, 1903, bi
avllle, Ind.,
southwest to suili\
around Te
apleted during 1903, and braneh to Indian ypriDgs, Ind., 3
Eztensionfrom Blnora to Evansvlile
ilso proposed.
V. 76,
a reoritaniiatlon of Evans. A Rich. KB
Mar., 1897.
—Common, +:;.ooo.000; pr«f., $500,000: par, $100; all Issued.
DivinEMis.— Dividends on pref., Dec 1901, 2-j p. c 1902, June.
2>« p. c; Dec, 2«s p c.
HoNus.-Of the 1st 4s of 1901, $.",000,000 are Issuable to retire the
old $1,500,000 be, construction expenditures in 1901, additional
-
I
1
,
;
12S
INVESTORS'
SUPPLEMENT
[Vol.
LXXVII.
d
Ji i.v,
RAILROAD STOCKS AM)
1903.J
RATLROADB.
_.
i
,,
Miles Date
of
For explanation of column headings, Ac, see notes
of
on first page of tables.
Road. Bonds
Southern Pacific UK.
A11
1st
f
r
securea.
.Stock, *1.'>9,445,000
M
ild
-
1'
»?oid..
:»,
,
|
,
land
,
•j.
MID
Par
Value.
187
dr*ii
..c *r
:
10,000), gold
dm.4
do!
«. f.
<•
<
<
Northern California,
392
392
167
lsso
1881
79
114
114
149
373
54
1867
1871
1875
1877
1888
L889
1st
mortga
m
1,000
1,000
1
1,000
1,000
due Mar. and Sep.PlP.,
ki 11-
ennesseo
A Ohio
Ch.<.'ol.*Allg. 1st M.I
44
lilt. Ill
1
J.
J.
1869
Die tmprtf.
Int.,iaxr*,ttc.
s,i.
1
A
d
g,
Jan.
Jan.
July
Jan.
4
6
5
9158,153
do
do
do
do
do
do
do
Aj.r.
|
ton
mi
do
July
D.
A-
g.
g.
May
I
A
O. IV. Y..J.P. Morgan *0o.
I
g.
do
.1
July
.I.,
In
me
Olh.
Sit.
(Irtits.
May in cither
ANNUAL BSPOBT.— Fiscal
C/titrgrg.
•
7.".,
1404
p.
vear
to
now ends June
Ml
Ifl
Gnlv. Uarrtab'R .* San Anion. Bjr.
New v ,rk Texas a Mexican Ky
II inston &
as 'entral Kit
..
na Western Kit
\ Tex. Kit
n.-.v Orleans RB
Teias \
Galveston Houston \ Northern..
•
.Mi OPBBi
P17
.
]
.
-v
—
1
tlelH
Uy
hue-
,x
Houston
>
lBOO-t.
3,864 VI
pts
non propria)
an.i
Hixi inisi-ei. rsoslpta "f prop,
eompsii
|»3.5<«,SJ1
...
I
r-
-j 1
i
<
51H.045
Hl,i*7
> f»
i
62W.862
8a7,134
707
l.flSJLWB
re-
ptlonofbondi
Inters*) on
.
- South. Pa.-. Co.
of leusod line-
o|)er«ti.'iin
TolHl
.
(U4.<25
nol pledged for
ties
rt
fr.
MM
.m lODrOSi other tliau
1, SIS.
lota.
187.11
ode 1 1or liceiiuni of proprletarj
(pensea
openituii:
1
»:a.5l0
8d,770
lnve-ii
Mil
[noon
:.-
vii.-
H9.0M.097
f.M
i
...
i
Trackage and other rentals
it on funded debt
in (Ynir il PiiclBc Kit. notes
70t,dno
12,7P4,flo7
1,1X0404
llnl s
~A
I
-
1/,7W6.<80
l.a7&.»09
47W.774
46.010
Kinking fond construction and earnlnss
•
cb
t
;
on
i
ni-
KSrt.067
and n«w eqaipmsnta
1 1
lamlnsl Southern Pacific Oo.. viz.:
funded debt of Sontasra Pacltlc Co
.77-
r.'.-.
1.B72.770
Sinking fund coiitril.iitlons
76,000
75,000
tnn-- and all -dher accoani
Insnrsi
deooi.mo
Oelts in operations of leased lines, etc
6(»,W2
Dltoount on Southern Psctflo Co iVipercenl t.onds
jea.ooo
lAO.OOO
Advaieloiilo A Aransas P
405,fl0i»
Total expenditures
f<-,|M,iMi (77.661.111
Snrplus orer all disbursements
def.»IKM.87e
0.466.690
I'l.-idcnt, K. II. IIarrliuan.-(V. 76, p. 1302, 1409; V. 77, i>. 148.)
So ii ili,r ii I»aelll<- lilt.— >. Map*.)- BOAO, Owns all the California lines of the Southern PaOlflO Hystem except the Central Pacitle
and the south Pacific Coast. The roa 1 owned
a through line from east bank of Bio Qrandi
'
;
-
f
loo
ad, to
1
6,806
I
i
;
I
Colorado Hv
from proprietary
Trmoksse sod other rentals
-ink. funds pledged for rodeiiipt'nof bonds
.'
Tot1.dednc.ai8m.less.to Ai. h.s,»>
r,3
atei) Links, ktc.
300 San Anloiiin ,t Ar
A W. Texas llv
Oils Valley Qlobe ,v North's B]
..f owned, leased and aWHstiHI lines Jons 80, lOOJ
O.fivil
In Jan., L900, 80. Paolflo Interests acquired control ol U
Houston A Nor., Houston to Galveston, .">:< m. In Feb., 1900, substantially all the stock and bonds of the Carson A Colorado were acquired
and the road will be broad-ganged and e\ entnally extended as a link in
a new line made from I.os Angeles, In Southern California, ea
towards Salt Lake, Utah.
The Ogden A Luelti BB. will be built dur
las; 1902-04 from Ogden to Lnoln, 107 miles, as a cut-off, saving 46
tulles.
V. 74, p. 880, 1197; V 71, p. 85.
In Nov.. 1900, a ma Jo
Pacific Mall 88 stock (910,006,000) was acquired. V. 71, p. 1018,1812.
Proi'riktaky Links.— These, with a total mortgage lndebtedne-s
June 30,190°., 0^305 970. 670. are mostly owned—Only *1
of their total stock of 9303,924.572 not being held on July 1. 1
the Bouthern Pacific Co. "Ommiu i-'TofJan.,
Stock, Etc.— Total stock authorized. $200,000,000, includluc 967,
275,500 exchanged in 1899 for Central Pacific stock see
cine and V". 68, p. 878, 728; V. 69, p. 182; V. 70. p. 740.
Bonds.— The 4 per cent collateral trust Kold bonds of IS99 are limited to 936,819,900, and are subject to call at par on six months'
notice.
The first issue of $2£
secured by the common and 912.000jOOO preferred stock of the Central Pacll
e forthwith.
The remaining 98,000,0
m be issuea from
time to time only as an equal amount of Central Pacific preferred Is
received and added to the collateral, 95,000,000 of this
reserved for tmpiovcm>nt- and additions on the Cent,
exceeding 9200,000 yearly— see Cent. Pao. and .V. 68, r. 37S. See
Mortiraire Abstract, V. 09, p. 859.
The two-five years collateral trust 44s of 1900. limited to $30,000,000 (present lesne, *15.000.000». arc secured by deposit of 97.174,000
K)0 stocks of oompanlei
Sar value of various bonds an
•oiled, tnclu ling Pacinc Mail etc.. and $1,530,000 Wells, Far^
stock; other $15,000,000 is issuable against the deposit of ad'..
stocks and bonds of companies controlled or acquired up to 90 per
cent of the actual cost thereof. See Mortgage Abstract. V. 71. p.1314.
Car-oii
|
-.767'*^
its
throng
till
3«5
Keport for 1901-2
80.
editorial. V. 75,
I;
freight train load, 319 tona In 1901-2, agalnal 304 In 1900-1;
reoelpta per mile, 10'Ji oente, against icol contain 190
rti—
Ill
159
]!al.,*ur.
]
at length in V.
:>;'
s,
1909
1.
923,479,"
170.191
Cbanrea in L902-3 molude 919,50
nded for i.eiterment*.
Honaton A Texas Central and lta subsidiary llnea an- nol included
Controi
1,
1910
1,
Apr.. 1913
$2
.
H.701
.1907
.
11 mo*.
1
A BhreTeport BB
i;»06
1,
LOO] 2
Bai.,tur.
A 1.
1903
.
:
in
CJontu.i
1929
1,
i
.
.
1..07
1988
Apr.?0.*03,9»|
n
.
.1
1
,
(5)925.00<>
(
1
1,
I,
1.
June
A Co.
19H
1911
006
1,
1.
first
icitie
1
J
1,
1,
Mob
refunding is and 80-year gold o 1** issued by the Cenare unconditionally guaranteed, principal and interest.
In Jan
190
I plan for the Issuance of Long-term low rate refunding bonds waa in abeyanoe, V. 74, p. 269; v. 70, p
BASBiBoa For 11 months ending May 81:
112,411
Lent John i; Walsh; Secretary, C. F. Welnland. 204 Dearborn
St., Chicago, in.
(V. 74, p. 77t;, 1 iht; v. 75, p. 237. v. 76,p.S
So. ;rio. a Ark. ici{.— s. e st. Louia MempbJB A Sontbeaafn BR.
South Pacific Coast lc> .— N iBBOW <• tuoi -Alameda to
Iron. 77 miles; branches, 27 mllea; ferry, 8 mj total L04 mllea.
Leased for 55 yeara from July 1, 1887, to Southern Pacific Company,
which guarantees the i>
N and o\\ na all the 96,000,000 stock. ^ ear
1,488; op. def., 911,775; de£nndi
15,761.
Southern Pacific < 0111 pun) .— s,r »/-/. >.
BOAD.
k In fee, 1. ut prlnoi pally through ownership ol
Sartiy i.y Lease it operates h great system or mails extending from
an Pranolsoo to New Orleans (thence by oompany'a steamers to N" w
York. etc.). and to Portland. Oreson. to Ogden, Utah, with bra
ni/ed under laws of Kentucky. On June 80,
ORu.r
the Union Pacific owned 990,000,000 of the capital stock, a
Htron^' working control, but the road will com nine to be .,;
Independently, v 72,j)
V. 75. p. 136
Dnder plan for readlustment of Central PaoLfic securities, uie Bouthern Pacific in l-'.i'.t
acquired the entire capital stock ol the Central Padl
ktoomSany: also see below, Large amonnts In improvement - wei a upended
nrlng 1901-2. V 73, p. 83; V. 75, p. 1407; V. 76, p. 753. Dissolution
Of ke. lie pOOl, V. 76. P. 811.
in L903the Book Laland Oo. purohased (for 91,600 000 cash. |
OOOln Its 5-year 4 p. c notes, dated Apr. 1. L9(
|2,rvoo,000 of
stock) one half of the stock of the Houston
traf. the Houston Bast A We«t rexas and the Houston & Shreveiwrl
railroads. V. 76, p. L084, 1409.
System comprises the followimr, fully described under their own titles.
I.
1910
1911
1,
ProT.LL4Tr.0o.,Phlu
I1U
do
4
The
:il
PBOMUBTABY
1,
1.
N.Y.,do
d.i
N. Y., 120 Broadway.
1
.
1,870
.•.077.000
showing
9277,852
,9
2,478,000
1
489,828
lli
Jan.
1.
do
u'way
.'
150,000
1.408,000
1 uios., 5 190!
B u:\i\..v
July 1 to May 31.
562,624; net, 242,528
( 1901-2. Gross,
vi. Ki:ioi;t. — Report for the vear ending June 30, 190'J,
_.,,,'' \
Central Pacltlc UK
1.
1913
1937
1038
1905
1937
1937
A|.r.
do
do
do
do
do
do
do
1.7-1
iss:t
T.M
-r
1
1900-1
J.
cot.
1,
do
do
do
do
N.
-
SOUTHBBJ Kv! LWAT
Ol
mortgagl < B
gold); V.SO.p.lO
1
r
5,l
1,000
1.000
1,000
,
*
1,
.1
-
19012 8680,195
A
A
A
A
4>*g. J4»«g. J.
1.000
•
4
equipment. etc. and further bonda at (20,000 per mile for single
track and 910,000 per mile for second traok constructed or acquired
in addition t.. i..i mllea from Terra Haute to Westport. etc
\
Equlp'1 notes, LnoL int., Apr. 80, L903, £991.249, bonda to retire
which arc available under the mortgage. See v. 71, i>. 776, L97,
I.v: 1.-1
do
do
do
do
do
do
4,751,000
5 g. A.
1,074,000
IOO 120,000,000
A O.
LOO 60.000,000
A 11. N. V.J I'.M
100
Sea tc\t.
a
3.*>.3t;7.000
6 *
S.Y.,J.P.Morf
1,0004c
1901
BBBOBO
.s.500
1,000
l.OOO
L902
1903
.
8177,0 JO doe semi aunaallj
K.,
A.— Pmni
J.
J.
J.
J.
2,232,000
500
mi
!
tor. n., g.,
c
A
M.
6,000,000
1902 l.OOOAc
1,000
1900
.
!
.
nun
4,180,000
L894
1
•
g.
O.
O.
O.
O.
J.
5
1,
1.
*
*
A
A
.
Com stock:, $12o,000.<
Preferred, 5 i'«-r rent, non-eumn., 960,OO0,<
M. & O. Ht.K-k tr.irtt certilli
i.-.nj
1st eon. M.. 1st on 900
g cjU'JO.OOO.OOOKV
Coll. tr. bonds, ft., red par af. 2 yrs. (V.75,p
i-ir
in .11 '"
80. I, A- N'.J tM.,1
Equip, trust, ser a goid.due Ma; and Nov.PIP.e'
Mr
wV
.yable
S.Y..Miv,ljnn\in
1,000
1.
.
Where Payable, and by
n
lt'
A.
A.
A.
A.
1887
Bouthfin Hallway
do
do
do
'
.00
50c
to .nil 107»« uft. 190
1st M
ld,gnar.Qtf
IN
vv
1
1,000
.
V. 76, p. 377.
V'ur.
P"
•
1
Asm
Amount
nntSanSlTiff Haee
1,045
lONBULIUAl
Calif oriiiu Paolflo, Lit mart, gold (ext'd In
2d M., gold.gu.p.M., end. t>v On. Pao., ext. in ':>1
8dM..goltl.guar.by
kreSa)
Northern By. (('ill 1, lut niort., Int'-t truii r. gold
L.OOO.OOO),g.,lston;225m.l 11.
1
OK DIVW
„,
Size, or
1875 50
gi
m.
80. Pho. of Arizona
Series B, gold, guar
80. Pacific of Ne* Mexico, Lai mort.,gold
Athmtir
I
auth
.
do
do
do
I
l*o
BCXNLfck
Si .,
Pao. Br. lstM.g
80. Pao. gen n
Stockton A Oo]
1st oons. M.. guar., gold,
8.
-
1
1
1. 1
.
k.
l]
1
owned and
the line-
operated
and Arizona, i
rales, Han Franolaoo and
nnmero
Tehama in No.
California, with
leased in 1903
in
the Bonthern
dies) being held
Padflc syatem, 242
under lone lease bT Atchl-on
miles of roads In New Mexico and Arizona
V. 65, p. 981, and At.h. 1.
h. F. Item, p. 1118; sea v. 84,
M/ vtion. — Incorporated on M ir.-h 7,
oii-ollilatioa
•
•
ciiaiik-e fori.
A
i
I
of
the-
of Cal., Ariz,
and
-71,
N'i'a
p.
ithern Pao. BB. of CaL waa leased to Southern P
for fixed ohargee, bettermenta ami additions and a certain percentage
of the surplus Ineoine under the ••oninilius lease."
Btock.— 8o. Pao. Co. June 30, 1902, held $100,640,133 of the stock.
nsolidnttd Morlgaae of Sept.. 1898, (aOC fU]
.">7, p. 1041), provides for all prior liens and new cotistrin -tlon.
Bonds
inednot ei
dlnu $;J0,0O0 per mile, of which #7,;^00 a mile
.id for additions and hettenuvnts. See V. 57, p 469
Thla
-
•
morurage
Jannarr, 1899, eorered 1,98
ansolute 1st lien on 724 miles. The supplemental n
In
-f
mite this loan to s?30.0oo.<iuo. (exclosl
underlylnc
to call at 107Lj after 1905 as shown In talde al.ovi
I.kno iJRANT.— The land RTant was 12.S40acri •bonds, hut a large proportion o
ren and useleos for agricultural purposes without In
which
is
it
an
-ulijeot
nil.
V
s
U
bar-
1901-2
171.3
•.
uts,
June
30, 190
acre-, inelm
item V. 66. p. 77-
July
$21,144;
lai
-
l
10 nios.,
to Apr. :;o.
u.
SO in litigation.
>
|
1902-3
1901-2
Hi post.—For
ri
•
p.
1
ar ending
see
407.
Gross, $26,427,564;
dc
I
amount
Annual n
is;
pany as per
Pacitle RK.
V. 75,
of
net
profit
rt
•
{2,712 miles) for vear ending .lune 30,189*.
n-ngtliln V.67,p. 1062, 1062.— (V. 71, p
Southern Pacitle Kit. of
".iloo-See 8o. Pac. BB. above.
New
130
HrVESTOBS' SUITLEMiiNT.
[Vol.
LXXVII
JCLY,
RAILKOAD STOCKS AND BONDS.
1903.]
131
i
*»+.
'><
I';
*N
*•
T
I
qOOCM
'
O )u
S
* Q
l„
him
';+*'
<
c
V*
o
'1
\
&r^
*
HAP OF
South.
o
\
Company's
Pacific
A
SYSTEM.
'
/
-
o
'
>r
si
^
Mlufi
•i.
r
LAKl
SALT
I
Shaffer?
TEHAMA^
/.
//v
I
''.
"£
A'.t.
J
*
-^
I
c
I
r
MTklah
rginla City
lt**1
^V \
V
^o
v
SAN FRANCISCO'
r
k
"
ADA
JNO HOUIi.
o"
<„L'i
IN
N
\
'Aw
Vd
\
CANOCIARIA
w-
llllllllt
r°/'\
.**
\
.
\
*t
-
v,^
*sr*?
>
3
\
\
s9;
q
"
\
SAN LUIS
•'
\.
.eg
.e»'
\
\
Ni
*^
SS
:
s*
10
1
X/.
SAN
^
DitCO
MAP OF THE
"^
SOUTHERN PACIFIC COMPANY
PACIFIC SYSTEM.
M
cK
h\*
«
—
c
I
133
BA1LKOAD8.
,
column headings, Ac, see
notes,
For explanation of
on first pageT>f tables.
191
164
38
38
«
347
50
309
•
<
Wa-
tern 1st mortgage Ce.
Western No. Carolina, 1st oon. mort., gold
Virginia A Georgia
Ea-i
Div. M.. g., (Bristol, Tenn. to Selma, Ala.).Oe.c
•
1,020
-. M., g. ($20.000.000
E.T.'
Ala. Cent, 1st M., Selma to Meridian, gold
B.— 8oc rn r.iiN Railway divisional sk> obi
95
<
East rennessee
lien,
gold.Ce
1.020
Kemp. A Ch., $8,000,000, g. «;.c
Kap 1st M., at., red. par Jan.l y'ly
Aiken Brunch, 1st M.. gold A (V. 68. p. 826)
292
28
24
365
-
1st mort. on
Charlottesv. A
St Louis
div. 1st m., 915,500.000, g.IC
Col.M.,g. ,$9,500 (too, s.f.,seo.M.AO gen
1872
1881
Mobile A Ohio bonds—See MOBTXH A Ohio RR
On I'RoiKiun s PBAOTTOALLT OWTOD Bl (") ok
•Atlantic .v Yadkin 1st M., g., guar
.Ce.O*
ITRlcliin. a Meoklenb., 1st M., $315,000, gold...
HAtlauta A- Oharlotti Stock
Pref. M. (old 7a ext In 1897, V.64,p.286) our.o'
1st mortgage
r
Income bonds (not cum (is, interest at 4 p c.r
amounts pledged June30, 1902,
Also additional
C—
—
)
1880
1886
1879
1,000
1,000
1,000
3,106,000
12,770,000
1,000,000
5 i
5 «
6 g
J.
1894
1898
1879
1,000
4.500,000
5,1*3,000
M.
A
1,000
lOO&c.
4^, 5
J.
J.
J.
J.
A
A
A
A
J
6
&
J.
J.
J.
8.
A
A
&
O. N.Y., J.P.Morgan A Co. Apr. 1, 1949
N.
do
Nov. 1. 1948
do
B. N\ Y., Central Trust Co. Mar.6,'03, 3»e
owned
500
LEASE 1) TO('l
166 1899
31 1899
1,000
1,000
100
265ia 1877
1,000
265 J^ 1877
1,000
1880
500
under flrsto onsolida
pages 144 and
10
51
69
54
113
North Carolina Midland
Other roads
Trackage Rights—
Ilanlcev'e, S. C, to Sav., Ga.
WashinKt u,D.C,toAlex.,Va.
Stevenson to Chattanooga. Ao
23
7
39
27
18
10
155
26
,
'
1
|
l<
he consent of holders of a majority of the pref
t
Aa to question whether the pref. la subject tooall, see V. 72, p. 1136.
ViiTIn
BUST.—A majority of both classes of stock is deposited with
three st ock trustees under an extension eonsented to In 1903. The stock
'1
ahallbe held by the stock trustees and their successors, jointly, until
Oct. 15, 1907, and thereafter until terminated by a vote of a majority
of the stock aMentlng thereto, although the stock trustees may, In heir
discretion, deliver the Mock at an tmrllor date. Mock trust.
Ptorponl Morgan, Charles Lamer and George F.Baker.
Provisions
of voting tru-t ami pref. stock cert. In si re. of April, 1897, page 6.
As to extension, w e v. 75, p. 12, 812, 1033.
I
1898
1899
1900
1901
1902
1903
2
3
4
5 Apr,2>i
firti consolidated mortgage, Central Trust Co.,
(aee abstract In V. 69, p. 788), is secured iiy mortgage
BT. Y., trustee
»Dd pledge of all the property of the company. The total authorized
1.'.Oi. as
V 70, p
Issue
000 gold bonds.
follows:
<,
l
J
1
I
10,
Iasuableonlv t„<\"
r«ui.
<
ri
.mi
1902
'
(of
whioh $2,790,000 In
,rl '"'
trees.)...
*:i6,4«5,ooo
65,355,000
:
4
&
A
A
A
A
A
A.
J.
O.
S.
J.
N.
A
M. A H. Safe D.
M. A N. NY.,. I.
M.
J.
g.
4g.
4g- M.
A
A
A
A
A
P.
;
Nov., 1910
Var. 1906-31
May, 1936
1, 1924
1, 1914
J.
S.
July
do
do
do
July
Nov.
July
do
J.
V.
do
do
do
do
do
J.
do
1938
1996
1913
1998
.Ian. 1, 1951
Sept. 1, 1938
Feb.
Sept.,
do
do
July
PblL.Tr.SafeD.AIns.Co. July
N.Y..J.P. Morgan ACo. July
do
do
1930
1956
1918
1,
1,
1,
do
do
1,
1,
1,
A.
M.
M.
A.
A
do
do
do
().
<te
J
A.
O.
5,000:
J.
&
b
t
mm
'•_.
.
do
do
do
Jan.
Jan.
Jan.
1907
1907
1907
1,
1,
1,
$1,325,000.
perpetuity thereafter.
V. 72. p. 242, 822.
In 1902, $7,949,000 of the
$9,472,000 bonds and $4,932,600 of the $5,320 000 stock had
been deposited. V. 72, p. 439; V. 73, p. 664
Jointly with the Chicago St. Louts Memphis & New Orleans (new
company organized In 1903 by St. Louis & San Francisco RR. interests) guarantees he bonds of the New Orlesns Term. Co. V 77, p, ;js.
Equipment trusts mature as follows: Series A, $225,000 each
in May and November, 1901, and $213,000 May 1 and $212,000
November 1 in each year thereafter; Series B, $180,000 each,
Mar. 31 and Sept. 30, 1902, and *170,000 each M.&S. thereafter; Series
C, $223000 on June 1,1903, and $229,000 each J. A D. thereafter;
series D. $177,000 each M. & N. beginning Nov. 1, 1^03
In
Jan., 19o;i. consols were being issued in exchange, dollar for dollar,
for tin- $2,000,000 Charlotte Columbia & Augusta 1st 5s; $592,000
had then been exchanged. V. 73, p. 1265.
Gknkkai. Financks.— Certillcates of indebtedness incurred for pur-
chase of properties June 30, 1902, +2,240,000; oollat. trusts hont«.
$4,000,000, see tatde above. V. 76, p. 148. During 1900 01, $4,7 IV
000 consul. 5s were issued. Equipment notes of old companies June
30, 1902, $46,223: tulscel. equipment obligations additional to those
above, 8493,875, The acquisition of the Mobile A Ohio in 1901afforJe
a Hue to Mobile and Montgomery, Ala., etc. See Bonus above. V.
in Apr.. 1902, the dividend was increased to
72, ]) 242; V. 73. p. 343.
the full
per cent rate. V. 74. p. 578.
I'.KH. the Southern Ry. and Louisville & Nashvll'e had aoIn May,
qulred $13,620,300 of the 816,500,000 Ohio. Indianapolis a Louisville
stock In exchange for their joint 50 year 1 per cent bonds on the basis
of 78 for the common and 90 for the preferred atoofc, or optionally sixtenths of the purchase price in cash. V. 74, p, 1029, 1090.
Latk.st Earn'gs— 11 J 1902-3 .Gross, $39,000,590; net, $10,501,168
mos., July 1 to May 31. Uv'Ol 2. .Gross. 34,958,866; net. 10,114,955
Operating 7,12 miles in 1902-3, against ti.!»42 in 1901-2.
For (i mos. ending Dec. 31, 1902, approximate earnings were: Net,
86,3(3.635, against 86,115,050 in 1901; other income, 9486,142;
,$4,311,054; divs. oil pref. (2>a p. c ), $1,500,000; baL, stir.,
fi
I
,72a.
Annual Rki'ort.— Fiscal year ends June
30. Annual meeting is held
ad Tuesday In October. The report for 1901-02 was given at
417. See also editorial p. 115.
Triune.— The freight tonnage is widely diversified, which Is an element of strength. Agricultural products In 1.01-02 furnished only
about 11 per cent (cotton about 5 per oent), while over 40 per oent
was from mining industries (80 per cent being coal) and about
cent was product of manufactories. Ton rate, 0*931 cents per in.; trainload. 226 tons. Earnings, etc., (lnoludlngln 1902 and 1901 the St. Louis
division. 374 miles, for the entire year, but in inconn account In 1901
only for 6 months actually operated), have been as follows:
Tears end. June 30.
1902.
1901.
Average miles oper.
6,743
6,798
In V. 75, p. 1US,
length
$
24,94 2,1 80
9,601,360
Frel ght
its
Mail, express, etc.
Cross earnings
3.1
37.712,24b
...
"iilngs
lO.Hi
Other income
1,609
38,617,452
9,06
3.014,515
85.697,772
10,31c
498,706
10,815
Total net income 11, oi
7,1s
and rentals 7,P
255.409
Other deductions..
93,767
Bal.. BUT. for year..
3,( 00,897
3,540,500
Dlvld. on pier
(5)8.000,000 (4)2,400,000 <3il.so0,000 (2) 1,172,904
OrnoBBS. President, Samuel Spencer, BO Broadway. New York;
Seo*y, u. D. Lankford, 80 B'dway, N. v.; Treas'r, n. 0. Ansley, 1300
i
Samuel
M|
M
i
.
.
c.
<
0.; Joseph Bryan, uirUnmnd. Va
W,
m. toman. Atlani
alls ir..
Iwarn, llarrt« C Fain
oer Charles Steele. Jamei l\
iili'i»;n
it !•- I, an lei
ICdmund It It .mli pli .if .Nov y nk.
\. it. Andre*
Washington, I).
Vf. Kini.-v,
.
I
Tr. Co., Bait.
Morgan A Co.
Improvements. The bonds cover the 292 miles of main line and
branches at $17,108 per mile. The balance ($1,417,000) is held for
betterments at not exceeding $100,000 yearly. 8ee V. 67, p. 179.
8econd mortgage on former Memphis A Charleston secures $2,500,000 of 5 nor cents, of which $1,500,000 owned by So. Ry. June 30,
1902 and $1,000,000 reserved for improvements. St. Louis Division
mortgage covers the former Louisville Kvansville A St. Louis RR.,
consisting of 374 miles of main line and branches, the balance unissued, $ 1.2(0,000, being reserved for extensions, improvements or
additional equipment, V. 72, p. 138.
The collateral trust 4s of 1901 have been Issued dollar for dollar in
exchange for the Mobile A Ohio general 4s as acquired, by a pledge of
which they are secured.
Stock trust certificates for M. A Ohio
stock will also be issued, upon which dividends are payable at 2 per
oent for one year, 3 per cent for the second year and 4 per cent In
t
i
;
Sept. 1. 1909
Jan., 1910
do
do
A.
Pennsylvania Avenue. Washington, D.
/ ,.,,,,!,,,,,,.,,! ol.lltr:i
786)
537,700
ii'.r onlj tor extensions and additions
To be
at not
[oeedlng 82,000,000 yearly, with a "ingle.
r>9,p.786)
11,942,300
Prior bonda must he paid by maturity.
First Mortgage bonds, Issued In 1898 on aooount of pur
chase of Memphis A Charleston liy.. bear 4 per cent Interest
.Ian
.to Jul;. I. I'.iol
then
percent to July I, L906, and
oenl th'-rcatii r. The total authorised Isa
i.ooo, hut *i >oo,
-an be used onlj to inn hi a line replacing trackage bet ween son and Chattanooga, 88 mllea. Of the remainder of the 111
000 were Issued to retire old mortgage Indebtedness and 8100,000 for
i
M.
1,500.000
4 g.
4 g.
815,000
1,700,000 7 In 1902
500.000
4o.
4,250,000
7
750,000
4
ted linn gag e: a $22
1
on preferred.
Bonds. The new
J.
5 g.
150,000
11,250 000
7,949,000
I
DIVID—US (p. 0.) ) 1897
F.
South EKN Ry.
)
Charl.. N.C.to Atlanta, Ga. 268 York, Ala., to Meridian, Miss.
^Georgia Midland Ry
98 Birmingham to Mobile Jc.Ao
Franklin A Pittsylvania
30 Kentucky & Indiana Bridge.
8elma,N.C,to Pinners Pt,Va.
f Mobile & Birmingham RR.—
Selma, Ala. .to Marion Jet., 149 Other
f Southern Ry.. Car Div.—
Charleafn.S.C to Augusta,
Total mileage op. July, '02.6,779
Ga., with branches to Columbia, S 0., etc
Controlled— operated separately.
252
Canid'n,S.C.,to Mar'n.N.C. 171 HMobile A Ohio
874
Ashev., N.C.to Alston.S.C. 134
Augusta Southern
82
Other branches
151 St. Johns R Ter. (V. 75. 982)
Also has one-sixth Interest in P.lchm'd- Washington Co., owningunlon
line between Richmond and Washington, 115 miles.
V. 75. p. 449.
Also has perpetual trackage rights over Atlantic Coast Line RR.
between Savannah. Ga.. Jesup ana Jacksonville, Fla., 172 miles, beginning July 1. 1902. V. 75. p. 31.
VKHI.IATKI) BUT OPERATED SEPARATELY (SeeeaChCO.)
Alabama Great Southern
357 Northern Alabama
119
Clnoln. N. (). A Tex. Pacillc. 336 Georgia Southern A Kla
397
Organization, ETC.—A reorganization In 1894 of the old Richmond
A West Pt. Ter. system per plan in V. 58, p. 363, 385. See also V. 56,
Numerous lines have slnoe
p. 858. B74, 1016, 105s, and V. 57, p. 81,
been acquired by
ase and purchase.
In July, 1902, purchased Atlantic Valdosta & Western Ry., 112
miles, and merged it In Ga. so. a Fla. v. 74, p. 1309; v. 75, p. 982.
STOCK. Authorized $120,000,000 common and $60,000,000 five per
tentnon-ciiiinilatire />n ferred ttock. No additional mortgage'ean be
Rut upon the property, nor can the amount of the preferred stock be
,
7,635. ooo
1,000
,
lcreased without
427,000
400,000
500.0O0
1,0006c
State University R R
Elberton Air Line RR
t'jKnoxville A Ohio RR
4,365
3,30s. 000
L898
1901
231
& Charlotte Air L.
M.
1910
1,
F.
J.
—
Total
5 K
5
Oct.
Jan. 1, 1916
Jan. 1, 1922
Various.
Jan. 1, 1915
Apr. 1, 1927
do
do
do
do
do
do
do
do
4
6 t
&
Leased—
A.
Morgan A Co.
do
do
do
do
do
do
do
do
a 1,025,000
b2,53 1,000
ism
and branches
282
to Stevenson, Ala... 1272 Look hart RR
14
Operated under agreement —
Bristol to Chatt'ga, Tenn.... 242
Knoxrille to Cumb'd Gap.Ky
64 Roswell RR. (narrow gauge)
10
Controlled by securities —
Ooltewah Junction, Tenn., to
Brunswick, Ga
415 Atlantic & Yadkin..
165
flAtlanta
J.
5
N.Y., J. P.
1SS4
(
,
J.
J.
l.OOO
—
Austell, (ia., to State L.. Miss. 261
Atlanta Jc, Ga., to York, Ala. 271
Atlanta, (ia., to Ft. Valley .Ga. 102
E. St. L., 111 to N. Alb., Ind. 263
Branches, etc
1 ,450
(i
A
A
4>4
4,5,
5
1874
1882
1889
1873
ls^O
1881
1886
14.5.;— Company operates 6,729 miles, extending from Washington,
D. C.,and West Point and Richmond, Va., to Danville, Va., Greensboro,
N. C, Norfolk, Ya., Charlotte, N. C, Columbia, N. 0., and Atlanta, Ga.,
thence 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— Bait. Ches. A
Richmond S. B. Co., 200 miles H See this company.
Miles
Leased Continued.
Miles.
Owned in fee
Alexandria (near Wasldng'n)
Mecklenb.RR.
31
f Richmond
280 II North Carolina RR.—
to Greensboro, N. C
Joldsb., N. C, to Greensb.. 130
Charlotte.N.C.to Aug'sta.Ga. 191
Col*nibia,S.C.,toGreenv.,S.C. 144
Greensb. to Charlotte, etc..
94
W. Point, Va., to Neapolla... 179 Atlantic A Danville Ry.
Norfolk to Danville, Va.,
Salisbury, N.C.to Morristo'n,
Tenn
Memphis
A
rMHHon/i
Dividend.
Co.
Southern Hallway Company.— (Sec Map,
—
A.
J.
J.
5 X
6 R
2,000,000
5,660,000
62,000
5,997,000
Due.
Stoc ks— Last
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l.OOO
1,000
lOOAo.
1.000
1,000
1901
o*At
IsOo'Ar
7
6
6 K
$500,000
$1,000
d1
i
from 1900
Virginia Midland—Serial mortgages
hoiuis
pal, When
of
500
DebexL mort.. old 6a (no longer incomes) <v...
la, gold, s.f.,snbj. to cull. <>.<•Bool]
Richmond York River 4 Chesapeake 1st nioit.ti
M
— rrinol-
OR DIVIDEND8
81zeor
Amounl
Par inirt^u,,,Vtni7 lRate Per When Where Payable, and by
h1h«
p av «i»iA
\.h nm
Road. Bonds Value uursianuingi fVTlt
Cent.
Payable
Vhom.
of
it
Equipment mort.. gold, s. f., subj. tooall..
Richmond a- Danville cons, mortgage, gold
[Vol. L.XXVII.
LVTF.RF8T
MUe8 Date
BoutliTii By. [Oon.) Ch, OoL a Aug., 2d M Oe
Columbia & Greenville Lai mort., gold. Co..
o*
Georgia Pacific 1st
2d
SUPPLEMENT.
LOTES'TORS*
,
<
1
0.:
-
w
I
1
.
849
(V. 76,
),
90.)
Nonllnrii Knllwiiy, Carolina Division,
to
All:
..
Charleston
with branches to Columbia
miles;
Camden. >. ('., tn Marion. N. ('., 171 miles; Asheville,
H. C., 184 miles; Other branches, 188 mil. s. total,
i
N.
:>."i
C.to
mile-.
Alston.
I
to the Southern Ky. A consolidation of he A-hevllIe A- Spartanburg
Carolina Midland, south Carolina A Georgls and smith Carolina ,v
Georgia Extension railroads. Stock aul hoi Ized, $7,798, 700. Of the
t
i
.
Q
•
Jily, 1903
RAILROAD STOCKS AND BONDS.
|
RAILROAJJ8.
I
._
Mile*
Date
of
of
For explanation of column headings, Ac, see notes
on first paxe of
-
Par
Southern
ICi/.—f Ootid. ;- Oa.Mld. Isl M.. Int gU.Oe
flNorth Carolina—Stock, 7 per cent, guar.
'Knoxville, <fc Ohio, 1st mort.,gold Ce
o'*r
ITMoblle A Birmingham RR.. prior Uen,
Istmort*
0,000
stock ..
1,000
1896
98
imlliii;
Value.
inds
t
193
1946
$1,650,000
100
1,000
do
.
Me
148
1895
278
1900
1,000
1902
1,1
i:n<-j.
1,000
—
July
July 1,
1,000
1,20
!
Northern
ffAtlantlo
A Danvllh
n
I
Souther
1[So.
1,000
1,000
Col..$l ,000.000,
.V
Buml
nn: ml
[mi
s
•
Soul/,.
3b
128
00.000, g, red. (text).c
Southwtui i
1,000,000 auth.)
1st M., sink, fund $5,000 yearly, not drawn
8outhwr*>- rn (da.) stock (see text)
Spuyir
Btate Line
78
Sunburii Ua
LV A
Sunctj"
Sutq. E
Stock,
p. c.
rental Con. .v- Mon
90,000, gold.
FP
Syracuse Btngfuv
Consul.
Syrnci1st
ami
M.tj..
D.L.AW.) F.o**r
stock 3 Si p. o. rental)
dr'u at par F
C
gn. (end.) by
i.
f.,
.
1879
l»tM.$l,500,OO0.g.r'd,110.beg. , 08.ICi
toe. Saul.
1002 (818,000,000 authorized), 16,250 000 arc
m aurlty the underlying divisional bonds, 9 i.000.000
bare b<
o reimburse the Southern By. for the previous purii
properties, and the remainder are available for
Improvem ate, equipment ami extensions, $4,000,000 being reserved
tor a nor
ti
estern
nsion Into and through the States ol
Carolina. North Carolln
and Kentucky. V. 75,
of
i
i
I
President,
p. i;itf.
south fthore
79, p
Andrews.— (V.
B.
v.
75, p. 81,
13-..)
sen Quebec Bonthern Rj
it>.
;
v. 75, p. 1255; v.
1250.)
South A Western
City, v,i
i:,.i
miles.
It It.- Johnson City, Tenn., to Spruce Pine,
Sd from Spruce l'lne, Tenn., 1"
Hum ciinchport, va to Minneapolis, \
,
had control andwaspropoi
connection with other Hi
posslblj to tidewater.
A oonsolldatlon In June, 1902,
of the oino River A Charleston Ry. with other properties. 7.74, p
1091. autuorlzed, $10,000,000; outstanding, $100,000; par of
$100. Tho bonds are subject to call in whole or part (by lotl
at par and soorued interest on or before Jan l. 1907. on 90
notice.
>
olnslve, being at the rate of a per
bose of July, 1905. and Jan., 190ft, at 3 Hi per cent and
extend the
loate
fields to B
V. 76, p. 213.
i
;
per
annum.
V, 71;, p,
86.
President
Carter.- ;V. 76, i>.
V. 7o. p. 818, 43»s 1V.50.)
Lj
soutiitxevt I'eiuiM) ivania By*—Qreensburg, Pa., to Falronanoe,
Pa., 48
branches, !><>
net ear
a tal and owns $1,057,250 stock at
bond
L.
i
i
m
DrVIDKNUS.—
Percent ....
>
*95.
10
10
11
10
Grot*.
1807 to Apr
10 percent j
'96.
11
1
\
253,904
691,921
!
Br
'
Income In 1901, $2,f 26
in
Deludes
itnpro.
Apr.
«*
.1
7
5
M
3t.
1.
l,
A
19M
-
M'ncliVfr.N.ir.Nat.Rk July, 1903. 3%
Oct. 1, 1952
May 1/0
do
ilo
l/OS, 7e%
iN.Y..
Or. Cent, station. Mcli.
J.'N.W. Harris
Co..ChieJ Jan.
1.
I
J.
11*11
8tockbiiil«e,
O. Phlla., Fidelity Tr. Co.
Q.-F.
MJ
3»9
l,:i_'5,0O0
l
A
1,
1905
1909
:
bandoned. Buooessorln Aug., 1902, ot the Central Penn
a RR., foreclosed. V.75,p 343. stock
rending
$50. Bonds, see table, v. 75, p
000; pat
June SO, 1902 (old Co.), gross, $25,
Henry
Cochran. Willlamsport, I'.i. (V.75,p. 1808.)
Susqueiiiiniia a \nv York BB.— Protected from Bingham
ton, N Y., to Boat Ins Branch, Pa., 97 miles, w Itn branch from i:
Pa., toFrosen Run, 23 miles; of this 48 miles from rowande, l*a., to
R •i-ton, ami a 23 mile branch were in operation in June
Bolldatlon In 1908. V.75, p. 291. stock. $2,000,000; par of
lonal ha\ iii_- been sub$100; oatstandlng. $1.0
scribed tor in Air., 1903
Bonds ($2,000,000 authorised) are 4>2S.
12. and due Dec. l, L 982, but subject to call In ten
(Jen. Mur., C. B Morton; Tre;is., M. i'. llaniinond, Williams
»
'
I
(V.7... p
i
891
KK.— Owns
road from Stanhope to Franklin. N. J
branch. 30 miles. Road openuoe 1881 open
Lack. AW., which owns a majority of thi
Dividends
L90O,4p.e.; i'.»0l, \uk'.. 9 j> c:
raid fro
901, 'J p. c. Do p. c. bonds due Apr. l. 1903, were paid
off at maturity.
t\
Foi rear epdlng Deo. 31, 1902, STO
net,
-;>-.:.:n, ohai
dividends (2 p.o,), 9 12,772;
SyrueiiHe III n^huiiitoii A N \ .
...to l'.lngii, initon, N.
..rk, A
Controlled slnoe 1869 by
\V., which, June 30, l'.iol, owned $l.t)01,90O stock ami guar the bonds.
DlVIDl.SOS
UClllH.
'90
'91
89
Per cent
12
8 yearly (9 p. 0, ipiar.)
8
s
/>iri</f
Kvkminoh.
Int.
Or
1902
r
lH-,. .;<7
1901
137,020
200,000
476,217
1,070,917
-(V 65, p. ;,
SoaaeX
.
;
KK.—
.
"i
I
I
Syracuse (.encva A Corning Ky.— Cornlni:, N. Y., to Geneva.
£ miles; Pens Van to Dresden. 8 m. Formerly
Hrook Ry., but lease oanoeled and new lease made from May
for term of corporate exlstenee to N. F. Central,
per annum, payable quarterly, Interesl on bonds ami other obligation
the N. Y. 0. owning $821,900 of th
00 stook, par
his rental Is equivalent to s :Du t>er cent dividend on the
1
l
Southwestern KK.(<;u.)— Owns Macon, Oa., to BufaoJ
Valley to Columbus, Ua.. etc. with branches; total, 333
leased for 101 years from Nov. 1, ls<).">, to OentTi
a rentalof 5 p. o. otiHtock. As to Stilt, see V. 71, p. 809; v"
Spiiyii-n Duyvll A Port Morris
Owns t! in. double track
and cor
N.Y. Central A Hudson with the
Y. ,v Barlem.
Leased to -New York entral till Dec. 31. 1970, at S per oent on stock.
KK.—
v
I
State Line
Pa., 24 miles.
A Sullivan
ment* at 105
Kit.— Owns Monroeton,
i0 (par $50.) Mon
8toi
The;,
ooal lauds.
-
ire subject to call for
until Jan. 1, 1914,
and thereafter at
Pa., to
B
,
i
•M>. 573;
•
Etoad leased ail 1934 oPennA N.Y. Canal A B
$40,000 pei
and bo oper. by Lehigh Valley.— (V. Ti. p. 479; v. 7(
Sluten Island Ky.— niton to l'ottenville, 1 •_'••; I mi
A 1,050,000. o
which 0569,850 owned oy Baltimore .v- Ohio: p
Year endlm.- June :so, 1902, gross, *it>7,^G:i; Del
at and
taxes, $34,538; balan », def., $374.— (V. til. p. 787.)
18s>:>, subject to first inort. by B. A o. V.69, p ,884
Stockbrldgo A IMllsllcld Kit. — Vandeusenvllle
at
Apr.,
Ky —
\.i
ft.
6
In.
I'
foreclosed.
'
i
.
I
I
Sunoury 4c LewMown Ky.
Kail;
\
Suncook Valley KK.—Owns road Suncook to Pittstleld.
is
66,
p
BIO.
Btook authorised,
v
Ltl uitlc RR>.
8500,000, of winch
non-cum preferre 1; par of share. $100. Bonds
\ear ending June jo, moi, gro
net
table above.
.
rk.—|V.
71. p
lib
,
7.-..
p.
If.,
17
for (5 p. c. on $240,000
$841 .700, Of which $101,700 Is
Tuttle. Pittstleld. N. H.
Susquehanna Bloomsibiirg 4 Berwick KK.- WataoDtown
to Berwick. Pa., 42 mi cs. In Apr.. 1903, extension was under oontruotion from Kyersgrove to Berwlok, JO miles; y miles of old road is
241.)
94|V. 75.P
Tenn., easterly to Harrlii-l hi
from
Clarksvllle to Hopkins^ ill. K
was almost oomplet'd in Julj 1903 The Nashville Terminal Co.'s facilities, to bo built, | inoluding terminals and bridge
tsed fur 99 years from May i. 1902.
V. 73, p. 337
i. p. 577, 831;
V.
V.
common fj
ok authorized, $8,00«»,000,
per mill
-hvllle
f25.0
on \u_voted to subscribe to $l,o< o.ooo Mock,
sertption price to be paid on completion of the road from Nasln ille to
Clarksvllle. Miit, V. 71, o ISO
tl
RR. bonds, dated July 1, 19 2, are
i>er mile; of the present le
a reserved to retire the renm
lie KK. bonds.
The Nashville Terminal oi'
ipany. The Mercantile Tr
i trustee of both of the new mortgages.
ent, J
l'te>
y. o. M. L»intr.-(V. 70, p. !»7J, lilt,
terminal
Association ol S|. Loilln.-l'ltnlKRTr.. mil mils at St. Ixiuls. with belt lines and
^uls
andatnnm
ength; oper
C:»n)i).:
2.
V.74,1
.o.oooofi;
In .la
-Kins Ferry
Co. was acquired. V.
In July the purV. 76. p. 103.
chase of tin
ippi River at All
Clair Mi
Lou a Belt RR w lite
le
northwesterlj
\
is
.
;
k 1 1
•
.
i
i
1
1
i
,
KK.
A
i,
.
.
X.
A Montreal
Hiram A.
V.
5 per cent
•
,
President.
Is
.
1
non-dividend paying.
'
IVIniantcpec -National it)
V
Tenneaaee Central kk.— Nn-ln
1
miles. Leased till 1913 to Concord
Of capital -«tock; total stock issued
i
.
<
Pltl
Edenton, N. C, on Albemarle Bound, 50 miles, Inolndinfi extension
from Rylan to Bdenton, 17 miles.
to standard ruaee the roal and imiiu n branch from Beekford to
Elizabeth c.
oitr lied by Baltimore oapltalistn
stock
10,000, of whloh $800,000 is outstanding, a
stock dividend of too p. o. having been declared Jan
of shares, r
0.
Ol the 1st oonsoL ^s or 1902 ($1
>,000 authorized
issue) r
ere Issued to retire $70,000 ol the old 6s, build extensions to i.denton and Elisabeth city, i-j miles, standard-gauge tlm
road and lay til) ll>. st'-el rail, the balance being reserved to retire
$i)0,ooo old 6s due April l, l»li aod for future n qulremei ts
There
are also $100,000 (authorized issue
p.o uon-oum. Income
bonds. V76,p.l03. Year ending Ool 31,1
845,470; annual Interest charge now i< $30,400; baL, ~ur 815,070
Preshtent.'.\m. 11. Bosley, Baltimore, Md.— iv. 16, p. 19, 108.)
Sullivan County Kit.— Road rrom Mellows Falls to Windsor,
Vt., 26 miles. Road opened 1849; operated since April. IS
Boston & Maine. Net earnings, less taxes and Interest onbonds, paid
lessor. Stock, #500.000. owned bv Vermont Valley KK.
oi
1901-0'-'. gro
3; net. $67,048; interest,
dividends (8 p. c), $40,000; bal.. sur., f5.">.- (V. 85, p. s«7.)
Snnbury lluy.lctoii A Wllkcsb. Ky. )
Bee Pennsylvania
1
m
i
I
to
Kblk, vs., to
-
miles to Nlsqualli
lalliilah Falls Ky. —Own, Cornelia to
illiil.ih Falls, (la., 21
extension under
a from Tall ulah to North Carolina
•
Carolina
1088.)
to Eatonville,
w a -li
oiiih.
l
ed for 99 years April 1. 1893, to N. Y. N H
6 p. o. on stock. lessee pays taxes. Lease to Housatonio suspi
Stockton A- Keckwl'h Pawn Kit.— V. 75. p. 1809.
St
KK.-
under oonstmottofl to Aahfordo, 21
branch also projected from Batons
Btook, common,
9 p c
non cum issued; par of -bar.-, $100. or
the bonds (see table above) additional amounts up to -l
on y at the rate .>r $13,000 per addl lonal mlleof tracx.
nd Cooklngham, Portland, Ore.;
C m. Harden, raooma, ore.— (V. 70 p B
foreclosure
p.186
-
suiloiu
78, p. 1068; V. 74, p. 828; F.75,p
fields:
.
Ky.— Purchased
t*.
last, tii
H miles; extension
bitum nous coal
t
staten Island Kuptd Transit
ma
r
;
sinking fund requirev 67
par.
(
I
13*fl
ann.),
Mass.,
\
g.
Union
:
Int.Jajft.tte
1902
1901..
•Inci
i
I.
5
throiuh coal
line
Fr.Oec.31.
240.000
1,000
1.000
1903
•
I/O
rnt'n'l Ti
.1.1.'.
2,500,000 81nl90J q
7
A. A
100 Ac.
til
v..
LsO
RR.
V
H
A
i
357,000
100
Corning
m
m
M
A.
'•.
100
1,000
too
1,000
1902
42
81
81
1
OHIO.
90,000
500,000
100
1,000
:
:.
Apr.
.i
A
1886
1902
28
1919
1.
Phlla.
do
1,000
OKI.
,
'<>.,
Apr.
JuU
1
00
1
-
r
do
do
do
oo
1.1
1877
Stolen Ittiin,! Ry, and
aUm ftland Rap
Suffolk if arolind
1st mnrrgage
1st consul, limit $1,000 on.
Stockbrittije <e Pittsfleld 6p.c. rental N.Y. N ii.aii
Sultivat
it mortgage, $400,00
2d
3,925.000
lima lHvi$i,
'
*8part. Union
NOW
'
Company.
,
o|
entrance to
V. 77.
St.
lMIXaTIOH.—Organised :uH>9.
nole
i
wm
Louis fro
:
The
fo
npanles are
n»
A O. SouthMounts
westsrn. Missouri Pacltio, Wabash, St. Louis Vandalia A Terra
Haute (Penn. RR. system) Chic. Kock Island .v Paoitlc, 9t. Louis A
Nashville. St, Ixiuls
Iron
134
INVESTOKS' SUPPLEMENT.
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fec,
Date
Size, or
of
o.
Par
see notes
Road. Bonds Value.
Tallulah Falls-l&t mort., $600,000, gold IB
Tennestee Central RR.—T.C. Ry. 1st M..IYIM ...o*
Nash. A Knox. 1st nior". for $2,000,000. ^Ie.. c*
T. C. RR, M. $15,000,000, g., red. 105 af. July ,'07.
Term'l Railroad Association— lstmort., gold.Ce 0"
1st oonsol. mortgage, $12,000,000, gold Ce. o*
Gen.M. ref., $50,000,000, g.,s.f.,red.,text.re.o\tr
8t. Louis Bridge Co. 1st pref. stock, guaranteed.
2d preferred stock, guaranteed, endorsed
21
55
87
205
1st mortgage, gold.
c*
Tunnel Railroad of St. Louis, stock, guar. (end.).
Terminal Ry. (Buffalo)— lstM., $1,000,000, g., N.o*
Terre Haute ct Indianao.— Con. M., now 1st M.,F.g.
2d My oon. g., red. aft. July 1, 1902, at 105 V t
terre Haute <£ Logansport RR.— 1st mortgage
11
116
116
93
159
138
138
Obligations convertible Into mortgage bonds
Terre Battle <£ Peoria.— First mortgage, gold. 17 n..
1st con. M., $2,500,000, g., gu. p.&l. (end.). I n
Texas Central— Common stock
Preferred stock, non-cum
1st M., $2,000,000 g., red.110 ($105,000 ls).Fo*
Texas Midland RR.—MorX. ($750,000 is id mort.)
Tex. <£N. 0. of'7i— L'd gr.e.f.notdrn., IstM.A.c'&r
Bablne Division si mortgage, gold
c'.fer
Consol. mortgage for $4, :'.">. o<'0 <»'
o*<fer
Dallas Dlv.lst M., ir., $20,000 r«-r
(textiUn. .o"
204
52
105
104
209
1
1
m
Equipment bonds, due $6H,000 semi-annually...
Texas
<t Pacific— Stock, $50,000,000
1st M. (Eastern Div.), gold, s. f. red. at 100
c*
1st oonsol. mort. for $25,000,000, gold.FP. ...c*
2d cons. inc. M. ($25,000,000), g. (see rem.l.IWe.c*
Louts. Div. Br. Lines, 1st M., g. $12,500 per in.ITle
* $500,000 additional 5s and $45,000 4* in tre
1901 $1,000
1,000
L898
1,000
1888
1902
1,000
1889
1,000
1894
1.000
1903 l.OOOAc
100
100
1879 500 <fcc
1896
1885
1892
1879
L898
1887
L892
1898
1 898
1875
1882
1893
1900
1902
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1875
1888
1888
268 1901
asury June 3
513
900.000
862,000
2,575,000
1,620,000
2.455.000
1,292,000
38,760,500
2,*15.000
22,120,000
24.676,125
3.348,000
RR.—
&
South Bend.
Ind.,
to Rookvllle, Ind., 159 miles; trackage, Rockvllle to Terre Haute, 23
miles; steel, 60 and 701b. Successor on Deo. 1, 1898, to the T. H. A
L. Railroad, sold Nov. 18, 1898, to Pennsylvania Co. Capital stock,
$2,000,000. Due Penn. Co. for advances Deo. 31,1902, $271,500,
bearing 4 p. c int In 1902 gross, $1,093,745; net, $183,960; Int. and
rental, $90,990; betterments, $76,397; sur., $16,573.— (V. 72, p. 985.)
Terre Haute
Peoria Mil.— (Sec if apof Pennsylvania RR.)—
Road operated from Terre Haute, Ind.. via Decatur, to Peoria, 111., 174
miles, of whloh 13M miles are owned and half Interest owned In 8
miles and 28 miles is by trackage over other roads. From Oct. 1, 1892,
leased for 99 years to the T< ire Haute a Indianapolis at rental of 30
per cent of gross earnings, with a minimum sulllclent to pay Interest
on debt. Bee V. 55, p. 766. Lessee owns $544,200 of the $1,837,400
preferred and $1,338,000 of the $1,926,800 common.
Committee.
Interest due sept.
1,
1896, was paid May 1,
1901, by order of court and the coupons of Mar., 1897 to Sept., 1901,
Inclusive, la May, 90S; Enter coupons unpaid
V*.72,p 887: v.70,p.974.
hairman, MarkT.Cox, James A. Blair, James
Bonduoliiers' (,'ommlltee
W.Paul Jr. Depositaries, N. Y. Security ,v Trust Co. N. Y., and
Drexel
Co., Phlla. A majority of bonds has been deposited.
The eon olslUnlon Trust Co N. Y., trustee], carry the guaranty of
the T. H A Indian polls.
In May, 1000, the U. S. Circuit Court of
Appeals afllrined the validity of the guaranty. V. 70, p. 992, 1049;
V. 72, p. 4H1.873. Bites! year ends Oct. 81, in 1901-02, gross,$559,086; net. $40,9*7; rental from lessee, $167,726; bal., loss to lessee,
$126,738— (V. 72, p. 481, 873, 937; V. 70, p. 974.)
Texan Central IIH.-Khah Runs from Ross, In McLennan Co.,
to Albany and Stamford, lex., etc., 227 miles, ami extension Albany
to Stamford, 40 miles, waa completed Feb., 1900
Projected further
to Las Vega*, N. M. Successor in 1893 of the ratlini,, roroolo •
Dix in ends.- On preferred ta L896, 8 p 0.; L897, ;. L898, 81 1899,4;
1900, 4; 1901,7^; 1908,5 p.c; 1908, 5 p. O. <>n mni
u. 2»* p. c,
July 15, 1901; In 1902, Jan., 2>* p. c; in 1903, July 2i 2 p. 0.
Latest Eahns.-11 mos., J 1902-3.. .Gross, $560,137; not, $156,520
July 1 to May 31.
559,264; net,
< 1901-2. ..Gross,
168,782
A
—
1
(
A
1 1
months' charges., $128,165, agst. $129,885 in 1901-2.
M.
g.
J.
4»sg. A.
5 g. F.
4*
J.
3
I4
5
5
A.
J
A.
J.
J.
J.
J.
6
4
5
A
A
A
A
A
A
A
A
A
A
"
<fc
onus— frinoJ-
Due.
Stocks— Last
Dividend.
J.
July
J St. L., Miss Val. Tr. Co.
N. N.Y., Mercantile Tr. Co.
J. Mcro. Tr. Co., St. Louis.
O. N.Y..J.P. Morgan* Co.
Jan.
New
do
do
do
do
do
do
do
do
York and London.
May
Julv
Oct.
Aug.
Jan.
1,
1,
1,
1,
1,
1,
1,
1921
1948
1918
1958
1939
1944
1953
Julv, 1903,3%
July, '03, 1*9%
Apr. 1, 1929
Morgan* Co. July. 1903, 3%
N. Y., Grand Cent.8ta'n Apr. 1, 1948
N.Y..J.P.
\
A
A
A
A
if
|
N.Y.,Farm. L.&Tr.Co. July
July
do
do
N.Y.,Fannere'L.&T.Co. Jan.
1,
1,
1,
1925
1925
1910
D.
Mar. 1, 1937
M. A 8.
In default.
M. A 8. Sep.,'01, coup, last paid! Sept. 1, 1948
in '03 Yearly N.Y.,Farni.L'n ATr.Co. July 15,'03,2»«
Julyl5,*03,2»s
5 In 1903 J. & J
do
do
Apr. 1, 1923
do
do
4g. A 5g A. & O
1993
None in 1897-98
5
J. A J
F. & A N.Y.,8.Pac.,120B way Aug. 1, 1905
7
do
do
Sept. 1, 1912
M. & 8
5 g. J. A J. N. Y., Central Trust Co. July 1, 1943
Aug. 1. 1930
New York.
4 g. F. A A
Oct.'08-Oo.'12
A. & O
6
5
,
'
,
Moh.
June
1,
1,
1905
2000
Deo. 1, 2000
Jan. 1, 1931
'
Report for year ending June 30, 1902, was in V. 75, p. 609, showing:
Gross, $593,668; net, $158,743; other income, $1,776; Interest, $26,330; dividends, $132,457; bal., $1,731. -(V. 75, p. 499. 609.)
Texan midland
RR.— Road
from Ennls on Houston
A Texas
Ceutral Ky. to Paris, Texas, 125 miles, of which 14 trackage over St.
Louis Southwestern. In 1893 purchased by Mrs. Hetty Green. Stock,
$500,000; par, $100. Total ourrentllabllitles July 1, 1902, #2,055,22-.
For year 1901-02, gross, $542,472 net, $85,202; charges, $63,138;
sur., $.22,064. Pres., E. H. R. Green, Terrell. Tex.— (V. 63, p. 839.)
Texan
Orleans
(See *f«p So. Poc.) -Houston, Tex.,
to Orange Sabine River), 112 miles; and Sabine Pass to Dallas, 30
miles, completed May, 1903; Houston to Clinton, 8 miles; total 421 miles.
In May, 1899, purchased the Sabine A East 1'exas, the Louisiana
Western Extension and the Texas Trunk RR., a connecting link to
form a continuous line from Dallas, Tex., to Sabine Pass being completed in Apr., 1903.
Securities Etc.— The stock Is $5,000,000, all of It being owned by
the Southern Pacific First 7s are purchased by the sinking fund at
not over 110. There were also June 30. 1902, $342,232 Texas sohool
fund 6s, int. M.&N., principal payable 2 p. 0. per annum. Lands un
sold Jone 30, 1902, 4ai,650 aore6.
The first mortgage of 1900 secures bonds at $20,000 per mile on the
road e ttonding from Rockland to Dallas, Tex., about 218 miles, a part
of which was purchased In 1899, and extensions hereafter acquired or
constructed up to 40 miles. V. 70, p. 997; V. 71, p. 183.
Earnings.— 10 mos., ) 1902-3 .. Gross, $2,604,600; net, $356,220
July 1 to Apr. 30.
\ 1901-2 ....Gross.
2,458,530; net, 454,448
In year ending June 30, 1902, gross, $2,970,724; net, Including
other income, $546,728; surplus over charges and taxes, $97,800.
In 1900-1, gross, $2,709,185; net, $151,581.— (V. 76, p. 4S1, 1302.)
Pacific Ry.— (See Map Mo. Pac.)— New Orleans, La.,
Texas
west to El Paso, Tex., 1,150 miles; Marshall via Texarkana Juno, and
Whitesboro to Fort Worth, 316 m.; branches. 279 miles; total, 1,710,
of which 93 miles, Sierra Blanoo to El Paso, is trackage, leavlngl,652
m. owned. In Sept., 1902, branch under construction from Baton
Rouge, La., to Concordia, 109 m., at a connection with the New Orleans & Northwestern, mostly completed In Jan., 1903 (75 miles operated Feb. 1, 1903); also branch from Natchitoches to Shreveport, 70
miles, of whloh 60 miles completed in Feb., 1903
V. 74, p. 626, 1253,
Organization.— In 1888 reorganized by the plan In V. 43, p. 164, and
V. 45, p. 401, without having the foreclosure sale oonttrmea, thus preserving the original Federal charter. Land assets Jan. 1, 1908, were
67.444 acres, land notes $36,910 and $8,200 cash.
Stock.— Mo. Paclflo Dec 31, 1902, owned $6,525,000 stock.
Bonds.— See 1888 mortgage abstracts, V. 47, p. 82.
The Louisiana Branch Lines mortgage will cover all branches constructed or aoquired In Louisiana at $12,500 per mile, but not to exceed In the aggregate $7,000,000. V. 72, p. 577, 1189.
Interest sorip, Income and land grant bonds (a stock liability, retlrable under reorganization agreement), ,$138,802; other scrip, $8,169;
$438,000 Eastern Division 1st 6s were called for redemption on Mar.
1,1899, $105,000 on Mar.l. 1900, $11 8,000 on Mar. 1. 1901. $123,000
on Mar. 1. 1902, and $126,000 on Mar. 1. 1903. Equipment notes,
$1 .9 0,091 payable monthly Aug., 1903 to Aug., 1913. In June, 1903,
ordered $218,725 worth of equipment. V. 76, p. 1302.
Finances.—On second 5s there is no right to foreclose unless default
The 00m pan y has been spending its earnis made on ilrst mortgage.
ings in needed improvements; In 1900-02 made 1st payment on lnoomes,
viz., 1 4i p. c; In 1901, 4 p. c, and In Mar., 1902 and 1903,5 p.c. each.
In Dec, 1901, all except $896,588 of the Texas A PsolllO seconds
had been exchanged for 68 per cent In new St. Louis Iron Mountain
A Southern gold 4s. See Iron Mountain statement following Missouri Pacific V. 68. p. 525. 619, 725. 774; V. 70, p. 533. In Mar., 1903,
$1 -i:>-<. 125 second mortgage incomes were subscribed for, raising the
amount outstanding to $21,676,125.
Earnings.—Jan. 1 to Juno 30, '03. gross, $5,559,681; '02, $5,218,374
Annual Report.— Report for 1902 was in V. 76, p. 650.
1900.
Year ending Dec. 31—
1902.
1901.
1.527
1,697
Miles operated
"51,122
$11,23< ,001
$11. 76;'
GroBS earnings
$3,735,491
$3. 169.490
$3,484,311
Net earnings
363,135
147,830
189,178
Other Income
;
RR.—
A New
1
A
1
.
Total net Income
$3,632,141
Interest on first mortgage... $1,428,459
I,
Interest on 2d lnoo
Fit.
el. u
us (year 1894)
16:i
Balance, surplu-.
x
Prom
Ctl
niTuinii ateii inrplni "»>' paid
ln 190.'; In 11KH. *U2(!.8M):
—(V.76,
p.
1088, I802j V. 77.
In
11)00.
$4,098,626
$3,358,668
$1,393,814
,)l. 161,900 (4%)92
....
284.511
87.424
...
neons
M
1
Surplus over
5
8
LXXVII.
pal, When
by
M. A 8. N. Y.. Merc. Trust Co.
f g J. A D. N. Y Mer. Trust Co.
5 g.
5 g. Moh. 1. 5 p c. pd. Hob. 1. 1903
5 g. ,J. A J. N. Y., Mer. Trust Co.
total of $1, 300,000 'Issued.
1902
—
A Logannport Ry.—Owns from
1,324,500
•605,000
1,000
1,000
1,000
1,000
0.
I
500.000
1,060,000
33,000
2,197,000
3,e49,400 2*3
100
1,652
1,387
1.3H7
1901.... 2.385,309
1.489,813
350,143
1,402,642
437,314
Chairman of Board, Julius S. Walsh: President, W. 8. McChesney Jr.;
Secretary, 0. A. Vlnnedge; Treas., F. C. Daab.— (V. 77, p. 38, 90.)
Terminal Ry. of RiiflTalo.— Blasdell, N. Y., to Depew, Erie
Co., N. Y., 11 miles. Opened Sept. 15, 1898. V. 67, p. 530. Stock Is
$1,000,000; par, $100. Lake ShoreA Michigan Southern and N. Y. C.
A H. R. RH. each own 5,000 shares of the stock. Year to June 30,
1902, gross, $69,235; net, $48,309; interest and taxes, $47,416;
bal., sur., $893. Secretary, E. V. W. Rosslter, N.Y.— (V. 67, p. 530.)
Terre Haute
Indianapolis
(See Map Pa. RR .)— Owns
Indianapolis to Illinois State line, 80 miles, with coal branches, 43
miles. Leases St. Louis Vand. A Terre Haute, 158 lilies; Terre Haute
A Peoria (less trackage 28 miles and half ownership In 8 m.), 174 m.;
total, 455 m. Pa. Co. owns a block of the $1 ,988,150 stock.
Receivership.— On Nov. 13, 1896, Volney T. Malott, of Indianapolis, Ind., was appointed
receiver.
See statement in V. 63, p. 1011.
Decision In Dec. 1902. V. 71. p. 810; V. 75, p. 1204, 1303.
Dividends: 1878 to 1884, 8; 1885 to Feb., 1894, 6 p. c; none since.
Guaranties— Interest on T. H.
Peoria bonds went to default, but
Interest on Terre H. A Indlanap. consol. 5s of 1885 and 1892 has been
paid when due. V. 67, p. 30; V. 70, p. 992, 1049.
Annual Report.— In 1901-2, on 123 miles owned, gross, $1,770,433; net, $669,168; oth. Income, $13,000; Interest, $125,000; loss In
operating leased lines, $110,709; bal., sur, $446,449.— (V. 75, p. 1303.)
Terre Haute
$282,000
1,000
1,000
:
INTEREST OR DIVIDENDS.
When Where Payable, and
Cent
Payable
Whom.
Rate per
1,550,000
1,756,000
5,000,000
7,000,000
5,000,000
18,000,000
2,490,000
3,000,000
5,000,000
1,250,000
1,000,000
1,900,000
600.000
i.obo
1,000
1,000
1,000
8an Francisco, Chicago & Alton, Chic. Burl. & Qulncy, Illinos Central,
Southern Ky. and the Missouri Kansas <fe Texas, the seven last
named having acquired their Interests In Dec, 1902, and Jan., ll 03.
V. 75. p. 1850; V. 7t>, p. 103. These companies agree under contract to
use the property forever and pay as tolls the Interest, taxes, rentals and
other charges, and each line will contribute its proportion to the extent
of one-fourteenth of $1 ,000.000 to make up any deficiency from unforeseen circumstances. See also St. L. Merchants' Bridge Term. RR.
Leases.—The leases of the Bridge and the Tunnel are for their
oorporate exlstence.and were made July 1, 1881.
8tock.— Capital stock, authorized amount, $50,000,000, as In"
creased In Dec, 1902; outstanding June 1, 1903, $2,882,000.
Bonds, Etc.—The mortgage of 1889 (trustee Central Trust Company
was described In advertisement in Chronicle of February 13, 1892.
Of the general mort. refunding 4% sinking fund gold bonds of 1953
($50,000,000 authorized) $18,000,000 have been Issued for new construction. Improvements and additions, $17,500,000 are reserved to
retire existing bonds and $14,500,000 for issue after Jan. 1, 1908, at
not over $1,000,000 yearly forimprovements and acquisitions. A sinking fund commencing July 1, 1906. will retire $100,000 of these bonds
yearly by lot at 1 10 and Interest if not purchasable for less. The entire issue Is subject to call at 110 and interest on and after Jan. 1,
1910. For property mortgaged, see V. 76, p. 267, 383, 481, 807.
Guarantees $3,500,uoo St. L. Merchants' Bridge Terminal 1st 5s and
interest on $2,000,000 1st 6s of Merchants' Bridge. See those Co's.
Anndal Report.— Year ends Dec. 31. Report In V. 76, p. 807, showed:
Net.
Teai
Cross
Other mc.
Charges.
Balance.
1902. ...$2,615,360
$1,494,369 $335,894 $1,462,919
$367,345
A
Amount
Outstanding
[Vol.
891
276,328
20,265
-1.251,428
x$842,799
equipment, etc., 18.-
for betti rmaDtt,
8036,043,
p. 90.)
A INorthwcMtern Ry.— V. 73. p. 139.
RR.— (irand Saline, Tex., to lloyt. 9'-j miles;
Texaa Sabine Valley
Trim
Short lilnc
extensions are proposed, those belugas reported one southeast via
'lintoii and Maybank to Corslcana, 65 miles, and northeast via Quit(
.
.
July,
RAILROAD STOCKS AND
1903.]
^^
RAILROADS.
INTEREST OB DI\
Kttt4A
'
.
1H99
l.ooo
1875
1878
1885
J.
A
J .V.Y.U.S.Mort.ATr.Co
5
5
g.
g.
F.
A
A.
OOO Oct
1,153,
l.OOO
1,000
2.750, OOO
3,760,
1,000
L888
1887
800,000
5
5
1,001 'd»0
isss
100
1,000
1,000
.
©all at par. each ceitllleate being secured l.y deposit of $2,000 Of the
1st 5s; outstanding, 9160,000; V 8.
Mexican Tru-t Co.. trustee.
See V. 76, p. l.v.i. Por year>ndlng Jane 80, 1902, grosa 964,804; net,
$7,191.
President. L E. Walker, Kansas Olty, Mo. Offloe,
Tex. -<V. 77, p, :
&
Ma
Tlftou Tlioiiiaarlllc A
i.
u If
It
y.—Tifton,
to Tliomasville,
Issued, $555,000; par of
(la.,
65»s miles. Stock authorised. $1,000,000;
shares. $100. Bonds are limited to $10,000 per mile
In Juh.
the Atlantic A- Birmingham mi. acquired the road
V. 77, p, lis
>1902
S1901
Gross, $7."., 968; net, $32. 'Js'
July 1 to Noy. 30.
Gross,
66.560; net, 30,961
8uri>. over 5 mos. charges, 813,196 In 1902, agst. $2,107 In 1901.
For year ending June 80, 1902, gross, 9142,607; net, $69,717; total
deductions, 948,931; bal., sur., $10,786. (V. 77, p. 148.)
TIokh Itll.— See Suit, of July, 1894. Stock, common, $391,200,
and $189,700 preferred; par $50.
Toledo Central Station Hy.— V. 76, p. 436.
Toledo Ohio Central It j .— (Srr Map)—This road Includes:
Lines otr >i td.
Miles.
Trackage ,37 miles.)
Miles.
Toledo to Bremen
173 In Toledo (L. 8. A M. 8.)
1
Alum Creek to Truro June
4 Bremen to New Lexington
11
urns.,
1
A
I
|
New
Lexington to Corning
Whltmore to Thurston
Peo, to
st.
Mary's, V.78,
r.
13
145
660. 81
To Chauncey
A to
Carrlngton
28
j
Total operated
43<>
Kanawha & Mich, (which see).. 177
Total owned
396
In June, 1901, the Hocking Valley Ry. had acquired all except
864,100 of the 96,500,000 common and $11,600 preferred sto
the $3,708,000 in exchange for 70 per cent of Hocking Yalle,
V. 09, p. 1347; V. 71, p. 810. See also Hocking
of the same class.
Valley item, V. 69, p. 134.".; V. 71, p. 865. Operated separas
Dividends.—On common: In 1891, 2 p. c; 1892, 4; 1893,2. On
pref. April, 1890, to July, 1896, Inclusive, 5 p. o. yearly.
Bonus.— Western Division mortgage covers the road from Toledo
to Truro Junction, 139 miles, and also (subject to the first mortgage of 1885) the rest of the property. See V. 55, p. 322. 545, 69
The Toledo A Ohio Central guarantees the principal and inte:
the Kanawha A Michigan tlrst mortgage bonds (see that ompauy) and
Jointly with Hooking Valley Ry. the K. A- Hock OoaiAOoke bonds
(see V 71, p. 271) and Continental Coal Co. bonds (V. 75, p. 499); also
guar. int. only on $300,000 T. A O. Cen. Ext. 5s (foreclosed). 8pecial
equipment and betterment loan June 30, 1902, $572,304.
The St. Mary's Division bonds coyer the line from Peoria. O. to St.
Mary's, 61 miles, acquired In March, 1901. V. 73, p. 284, 628.
i:<it., inel.
Gross.
Net.
Maied
EARNINGS.— 1 1 mot. earnings.
charges,
earning*.
other income.
July 1 to s 1902-3.. $3,074,9r.7
$002,103 $113,006 sur.$.:
May31 ..U901-2... 2,610,557
535,638
431,462
sur.111.617
Annual Rei-ort.— Report for 1901-2 was In V. 75, p. 731. Of tota[
i
.
tonnage 66 p. c.in 1902 was bituminous cool.
Tears end. June 30—
1902.
1901.
1900.
Oioss earnings
$2,877,659 $2,571,722 $2,368,912
Net earnings
705,556
720.582
832,902
Other Income
17,589
7,424
13,189
Total net income.
Interest, taxes, etc
$723,145
588,640
.
9739,006
517,651
$846,091
484,536
1899.
91,897,808
601,413
94366
P<
..sur.$139,605 sr.$210,355 sr.$361,555 sur.$12S,312
Pres.,N. MonsarraL— (V. 74, p. 152,269; V. 75, p. 499,667, 7 31.)
Toledo Peoria
Weatern Ry.— (See Map of Pennsylvania KH.)
—Owns from Effner, Indiana Btato fin«, to Warsaw, 111., 220 miles La
Harpe to Iowa, 111., 10 m.; jointly with Wabash, 1 mile; trackage to
Peoria and Burlington, la., 17 ax.; total, 248 miles.
Organization.— In 1894 Joint ownership and management by Pa.
BR. and C. B. & Q. was arranged. Stock $4,500,000 (par $100), of
which $423,100 in treasury in 1902. Mort. abstract, V. 45, p. 242.
In October, 1894 (3 coupons), were paid $5 In cash and $15 in debenture scrip. (See V. 61, p. 514.)
Equipment trust Dec, 1902, $150,623; bills payable, $331,191.
Earn'gs.— 12 mos.,) 1902-3
Gross, $1,239,823; net, $272,^32
July 1 to June 30. S 1901-2
Gross. 1,183,034;
et,
274.079
Surp. over 12 mos. charges, $2,528 In 1903, against $2,255 in 1902.
Annual Report.— Report for 1900-01 in V. 74, p. 91:
Tear.
Orott Earn'gt.
Net Revenue. Int. tt Taxes. Balance.
1902-03
$1,239,823
$272,852
$270,304
93,528
1901-02
1,152,034
271,823
274,078
2,255
-(V. 72, p. 1189; V. 74, p. 91; V. 75, p. 612.)
Bal. for year.
A
;
do
do
do
l,
earned.
do
do
do
l,
A
g.
l.
Jane
M.
A
N.
.V
J.
B
1951
1961
l,
Nov
V
Jan.
Am. Kx.
Farm I.
Y.,
v. v..
Common
A
'•_>
l
1938
L 1917
i.
L0M
July
Nat. Bk.
a
1951
1953
l.
A.
J.
'.)
l.
July
J.
A
l,
l
1905
1905
1986
1935
1935
To Aug.
M'uthly
Jan.
l.
I
1942
'"
A.
4VJK
J.
4»*g. J.
• f. M.
4
:;.-'-io,ooo
J.
54
1C0.OOO
300,000
260,000
275.000
50
15 miles. Htock. $10,000. Io Mur., 1902,Toxas
RR. Commission authorized $185,785 bonds. I'res., Fred'k K. Blount
26 Broadway, N. v.. \ -i. r <• John Mulholland. 3S Park How.
Texan Southern Ity.— Marshall, Tex., on the Tex & Pao., to
Wlnnsboro, on the M o. Kansas a Texas, 73 miles. Extensions are
pro posed south to Beaumont and Bablne Pass, aboul 300 miles, and
north from Winnsi. on. to r'aristork, $79,98o. Bonda outstanding,
225, ooo iir-t 30 year gold 5s, dated July l, 1902, int. J. A J. In July.
f 903, the rexai m: oommlaslonere amhorlied $199,000 additional
bonds, v 77, p lis. Collateral trust 8 year 7 1* p. o. gold oen
($370,000 authorized issue) dated July 1. 1902 ($1,000 eaeb) -ubject to
l,
I
do
do
J.
;i7\ihmi
1,000
1,000
1,000
1,000
man to Pittsburg, about
.
To
1,492,000
1809
1902
1888
O.
l.
I).
if
Kg.
i,
do
Oct.
la
-fntral Trust Co. July
J.
A
A
1921
i,
l,
To be In
10,000,000
9,000,000
6,500,000
l.i. 02.000
3,000,000
1,500.000
11.11
1891
1808
190 1
l,
Aug.
I
w.
A.
g F.
ust for fire years
(n voting tr USt for five yrars.
Cent Trust Co.
3»iig. J. A J.
4
100
1000
1900
<fc
A.
.1.
5 K-
1,000
,
I
1,
*
5
1902
J.
g.
g.
g.
5
•J-'.)
<i, Old Col.
PhlL.Newbold
Jan.
Ehnlra,ChemungCo.Bk
7
7
5
5
6
265,
i, o
3,000, 000
2,500, ooo
2,000, 000
436,
1,000
1.000
1,000
1,000
1,000
1901
1901
g.
v
'
Dividend.
5
ML i
r ' no1
*
Whom.
Payable
Cent.
'
'
pal.Wheu Dae.
Where Payable, and by
'"* u
(K.I)
$150
555
ooo
I
;•
,s
*"
500
|]
....
1
I
r
l"'
1
Texas Short Line— 1st mortgage, sold rani
9«e
Tifton Thomat.dk Gu</-lst M.,g. ,$l,OOO,0O0. (Ulr' 55»«
Tioga RR. — 1st M., dim 1882 and extended, gold...
46
Extension bonds
46
Elmlra State Une Railroad 1st mortgage, guar..
7
Toledo ce Ohio Oentral— 1st M.,g. (V. 53, p. 43i
196
Western JMv. 1st iuort. for $2,500,000, gold \
General M. (V. 62, p. 594) 1*2,000.000 ,g.C<
335
St Mary's Dlv. 1st M, g, ~ 00.000 no
61
o'i
do
lHtpr.-i Inc., $"00,000, non oiim
61
Cartrusts, Apt
principal duo monthly)
Quurtutti-rit BoiUU.
K.A.H.C A'' .fid
r.d.llOuf.'ll H(,
Cont. Coal, 1st M., g.. s. f, red. IK) at
B B
Kanawha a- Mlchlgai
that company.
Tol. A 0.0. Exl
ed). int. oi
IstW
Toledo Peoria 4 West. 1st M., ifor$5,ooo,000),K.o*
380
Deben. Hcrij. (secured by
Toledo liy. ^ Terminal 1st mort., 93,600,000,
Toledo 81. Louis it Western- Com. stoox, $10,000
Preferred stock, 4 p. c.
cum 910,000,000
Prior lien nior... 10,000,000, gold..
P. odd 451
lstM..g..*6,50o.ooo,reu. aft. July, 1925.CO]
451
Toledo Sayimitr a
l«t mortgage
96
Toledo Walhonding Vol. A Ohio stock, $1,000,000
234
1st mortgage ($20,000 ) A, gu. p. A Lend. F
/
per mile), $4,000,000, H,
do
o" >
294
gold
f S
do
)C,
Tor. Ham. dt Buff— 1st M., g., $40,000 p. in. A B.0'
88
fVan#y/ra/ii'(-ist M., g., $160,000, gu. p. A i.eud.o
99
Trav. Oily Lttl. dt Han.— 1st M., $300,000, g... cat.
30
Traverse City Hli. Ht-t mortgage, void
26
Troy dt Oreenbush—Btooh, 7 percent rental. x.Y.c.
6
135
EOXDfi.
..
lilies Date 81*e,or
AmollIlt
Par
For explanation of ooluinn headings, Ac., see notes
of
of
r»iit«t»i. i(i.^
OUMtluialB K
on first jiiixe of tables.
Road. Bond* Value.
Eaknisus— 6
*
1
N.Y
A
A
A
A
A
A
J. All
All
1
uATr. July
1
,
1
,
1
,
do
owned
owned
l.y
Or
b]
I'rimk
Y
Merc. Tl
Co.. Plttab.
00 Detroit.
N.Y.,V» 'llislow.l.an A 00
Troy. N 8
/j
Union
J. AD.
.
May
'i-i
i'r.
,
L938
1950
1918
'02.4S
July
do
do
Boat A London. June
.
,
1
do
do
V.
.
1
Pi bi
N.Y.,1
5
3
7
July
Apr.
July
.
do
O.
1
,
1
,
1
Apr.
Jan.
.
11)31
1933
1942
1946
1919
1969
1933
JnnclS' 02,3>e
Oe^OwU
a double track ball road,
Toledo tly. A Terminal
irouid me oltj and suburbs
27 B miles In length, opei.ed
toross the Maumee River), connecting with 24
(Including two
roods entering the olty. V.78,p.617, in Aug., 1902, the ob do Angola
A Western K\ u a- incorporated With $300,000 BtOOk, to build from
Toledo to the Indiana state line, v.?
Stock autb
rtgage
outstanding,
o. of St. Louis to secure $3,500,000 bonds,
to tho Commonwealth Trust
v. 7i, p.
President, H. B. Xing.—<V. 75, p. i355.)
1
i
.
<
mo.
A
C—
See Toledo St. Louis A Western below.
K.
Toledo St. LouIr
.Tlimkcgon Itv.— From Muskegon, Mich., to
Toledo Kaeliiaw
Ashley, Mich., 96 miles. The Grand Trunk of Canada owns t.ie $1,600,000 stock; bonds have a tramo guaranty. V. 71, p. 85; V. 72, p. 338.
t'ul. Tear.
Interest.
Gross.
Set.
Deficit.
Traf. gnar.
$133.s95 op. def.$10,599 $83,100 $93,699
$13,3 12
13,312
1901.
145,855
30,863
83,100
52,237
-(V.71,p. 31,85.)
A
—
A
Toledo St. Lou l«
Western Kit.— Road Owns from Toledo
to East 8L Louis, 451 miles (01^ and 70 lbs. steel); Hidings, etc, 107
miles; also has trackage to St. Louis and Toledo Union daj
Organization.— Successor of the Toledo St. Louis A Kansas City RR.
foreclosed per plan V. 70, p. 1196. Took possession in August, 1900.
Votino Trust.— Both olasses of new stock will be vested for live
yean la the following voting trustees: Frederic p. Oloott, Thomas B
Hui. Lard and William A. Read, who
ty sell the stock at anytime,
subject to the approval. of a majority of each class.
i. M.S.— Of
the prior Hen 3 >a8 $1,000,000 is reserved to be issued
utter Januaryl, 1902, at not over $250,000 per annum. Additional
tlr-t mortgage bonds, not to exceed *1 0,000,000, may lie issued at any
time to retire the prior lien bonds. The Detroit A Toledo Shore Line
Is present issue, $1,900,000) are guaranteed, principal and Interest,
jointly with the Grand Trunk Western Hy. V. 76, p. 655.
Rei-ort.— Report for year ended June 30, 1902, was In V. 75, p. 979.
Balance,
Fiscal
Gross
Net
Other
Bond
cnrnitiq* income, int'rest.
i"ir. earnings.
Taxes,
surplus.
DiH i)2„ $2. 640.880 $725,417 $9,643 9575.000 $104.J<>0 $55,690
1900-01.. 2,490,566
690,014
6,341
510,000
104,400
82,555
>ki k-krs. -Chairman of tho Board, Win.
A Read; President, Ben.
Jainin Norton; Sec. audTreas.. Joseph H. Seaman.
Othoe,44Pine8t.,N.Y.-(V. 75, p. 1355; V. 70, p 19,666.)
Ohio it It. —Owns road la
Toledo Walliondlim Valley
operation from Toledo Junction to Toledo. O., 80 miles, and from
I.oiidonvllle to Coshocton, O.. 45 in.; Sandusky to Cleveland, 109 miles,
purchased Oct.. 1903, (V. 75, p. 907, 982, 1088). Total owned. 234
miles; trackage (Pitts. Ft. W. A C.) to Mansfield, O., 7 m.; total, 241 m.
I.i vsk. Bra— Leased for net earns, to the Penn. Co., which guarantees the bonds and owns all the capital stock.
VKMN08.— For year ending Dec 31, 1902, gross, $1,490,598; net,
14; other Income, 9729; Interest, etc. 9157,509; dividends,
00m
bal., sur., 91364.— (V. 75, p. 907, 9-2, IOC
#
Toronto Hamilton A lludal.. It It. Hamilton to Wat.
Ont., 43 miles; Hamilton to Welland, 3S m.; branches. 7 m. (See V.
htgaD
63, p. 319.) Under traffic agreement with N. Y. C
Central, Canada Southern and Canadian Padflo, n t
ically
guaranteed. See V. 68, p. 475, and advertisement in Ciiuoniclb of
Man h 11, 1899. Of the stook, $2,500,000, 19 p. c. is hHd by Canadian
Pacific and 51 p. o by N. Y. Central. V. 61, p. 753; V. 63. p
.75. 1134; V. 69, p. 29. Forcalendar year 19i>
'1,181;
net. $190,879; int. on bonds, $131,200; baL, surp., $59,679. V. 69,p. 29
Trana- AlaHkan.— V.73, p. 786. Traim-Canada.-V. 76, p. 1193
TraiiNTlYanla Kit.— Hendersonvllle to Eastatoe Ford, N. C, 33
miles; under construction, Toxaway to Lake Toxaway, 10 miles.
authorised, $320,000; par $100; all outstanding.
V. 68,
Mortgage trustee is Mercantile Tri-t Co., Pittsburg. Bonds
p. 926.
ranteed, principal and Interest by Toxaway (land) Co. of North
Car. V. 69, p. 182. Year end. June 30, 19"2. .r.--, ?24,420; m
339; charges, $9,720; bal., del, 9S8L I'res., K. H. Alsop, Pittsburgh;
Vice President and General Mgr., J. F. Hays, Brevard, X. 0.
m
1
•
A
I'.
;
—
1
«
I
Traycrie City Leelenau A .Tlaiilntlqne Hit.— Owns Traverse
iich, to Northport, 30 miles, completed June, 1903.
An
extension of Grand Rapids A Indiana By which owns one fourth of
Stook and bonds and opeiatos the road, the rental bein« the net earnAt Nortbporl oonneetlon will be made by car
76, p 913.
rthern
ferry with Manletlque. on the Manlstiitue Marqn
S
RR., owned by the ram
V. 74, p 777. Stock authorized,
$500,000; par of shares, tlOO. The Union Trust Co. of Detroit is
mortgage trustee. President, R. R. sCetheanyj Ireasurer. D. w. Kaufman; Secretary, B. B. Mcthean.v.— V. 7;, p. .77; V. 70, p. 812.)
,
(
Travcrno city Kit.—owns road from Walton to Traverse City.
Mich., 20 miles; opened in 1872. Leased in 1883 to Grand Rapids A
Indiana RR., but not included in the reorganization of that company
In 1896. Coupons 1st mort. all paid to July. 1903, lncl. There are
$190,000 of 5 p. o. Incomes outstanding. Capital stock is $205,000;
par $100. For year ending Deo. 31. 1902, gross, $59,031; net. $7,708;
Interest on bonds, $7,500; bal., surplus, $203.— (V. 67, p. 75, 1310.)
Owns from Troy to Albany. 6 miles
Troy
Greenbuih
double track; leased to sT.Y. Central in 1851 at 7 p.c. on $275,000 stock.
A
RR.—
133
INVESTORS' SUPPLEMENT.
LXXVII.
,
Jcly,
J
KA1LKOAD STOCKS AND
1903.
KAlLKOADh.
Date Size, or
AmoIlr
far
,.,„",
of
For explanation of oolman headings, rtc, see notes
Road. Bonds
on Hrst page of tables.
IN
.
.
Where payable, am
•
.
OonsoL m.
Kefundh.
Unadilta
000 authoi
for
5 g.
I'uri/ir a /;.
Common stook,$l
Pref. stock, l i»'i oent, uou cum.. 8100,000
1st M. By and land
000,000 g. .*!«•..
IstLoonv.M., $100,000,000. g... red
m
Union Spi inga & ,Vo
jnitetl If. J. RB. «* V<n
p 0. guar..
General mortgage of loan of 1908, gold
r
'71 for $20,000,000,
r
loan or 1923, gold
(now 1st mortgage! loan of 1929, gold
o*r
Union
I In
4
In
all
Unit'
L,
l
|
loan of 1951,
J
Patifle—
00
si
4
gold.... o*r
g. p.
<te
F
Vermont d Mas*.— Stock, p. 0. guar, by Fitchburg
New bonds (sec text) guar, by Fitchburg kk
Vermont Valley of 1871 stock
l-t M.,wlth $500,000 sul. Co. KK, stock as col.. o*
M $500 and $1,000,
TuMahioMii It. Ii Ity.—Owns about O'a miles of Belt road In
Tuscaloosa, Ala., and suburbs. Capital stock authorized, $100,000;
Issued, $26,000 ($100 shares.)
General Manager, J. W. Woolfolk,
Tuscaloosa, Ala., or 15 Wall Street, New York.
.
<fc
NY.
O.
N
and
Phlla.
g.
A
Mav
do
do
dO
do
Y
J
N.
N.
N Y
a
J. N.Y.,
J. n
,
Morton
|
1
M.h.
Mob.
Hill
I
S.
3>s
A
A
A
A
A
A
J.
M.
6
5
Tr. Co.
1944
1.
i
Jan.
1
D
.
A.
'i
.
P A A
A.
A.
Y., On. N. Bl
(3. l\
Security aTr.Oo July l. 1939
i».
I.ack.AWeet. July <U,2»«%
do
Aug. 1, 1911
do
,
:
owned
A O.
Oct.
O.
O. Bost.,53 Devonshire St. Apr..
All
v B.
do
19*1
1,
|
1903,3%
Mav
1923
Bellows Palls.
July 1,'03,8%
S.Dep. ATr.Co. Oct. 1. 19i«
N.
1.
O.i Boston,
$4,101,506; also further notes or contracts
which,
at
aggregating $6,688,227, and the lauds for
company. Bee V. 67, p
-
not paid
1908
.,
Fell.
Sent.
FA A10 Utloa, N.
5
5
6
6
1002,
1
JulylO,
do
A.
A
M.
NY, Offices.
Philadelphia Otlioe.
H.
a
i
inat.,1 June :*o,
for lands sold
If
for, revert to the
ralue of lands ai.d
tl
eetl-
10,789,783,
Is
During 1901 2, 1,258,840 acn
ror 82,170,
KAL FIN A NOBS, To pro\ ide for the purchase of Southern Paeole st.,ek and other properties, stockholders in 1901 subscribed at par.
Tusearorn Valley Kit..— Owns narrow-gauge road (3 ft.) from
Port Royal to Blair's Mill-*. Pa.. 27 miles, proposed to be changed to
stock. $300,000 par, $50; outstanding,
standard gauge during 1903
$150,000. Year ending une 30, 1902, gross, $'25,259; net. $12,629;
Interest and taxes, $13,7]
bal., def.. $1,091.
Pres.,T. 8. Moorhead;
convert. 4 D 0. gold bonds. V. 72. D. 302. 340.
B H. Harrlman's statement, V. 74, p. 1197.
Aug. l, 190 !, subscribed at 90 and interest
per cent and partlcip.ttShOrl Line KK.
voar gold bonds, snoured bv a like amount of Northern
Securities Co
1,000,000 additional bonds were sold In Jan.,
818.500,000 are held hs collateral for U. P. 5 p. o no
below) and the remaining $27,991,000 Issued being bald In tbe c. P.
Option of bonds under Oregon Short Ltni KB
Treasui
abatract of mortgage, V. 75, p. 248. V 7ft,p. 18 ,895i V. 76. p
[•I
June. 1903, aboul 550 miles of the Oregon 8bort Line south of
salt LakeOliy, including branches, was Fold
Angei. s A Salt Lake K. for $7,800,000 Mb. V.76, p O.O; \
ir
y.fi3,500,[n 1903, $10,000,006 5 p. o. notes
000 Oregon Bbon Line
p o. and participating bonds were sold,
dated Aug. l. 1903, due Veh. 1, 1905, ohlefly, it was understood, ror
Southern Pacillc rei|iin clients lor acquisitions and improvements.
ii
the loan have an option to purchase
The underwriting e
the bonds.
V. 77. p. IIor 1
mouths ending Mav 31 on 5,701 average
I.vtkst Kakmnos
miles, against 5,71 5 In 1902, after deducting taxes:
Xet Earnings.
Broet Earnings.
01-2.
1902::
1901-2.
July 1 to May 31.
19024.
CnlonPao.System.$4b,:.7i.oio $43,888,889 $2
Anndal Rkpokt.— Fiscal year ends June :;o. Report lor 180] I
V 7
p. 10-4. 1091 (see also editorial, p. 1062). Average train load Including company's freight, 417 tons In 1901-2 against 365 In 1900 1.
(0 |
I
00,000,000 Mrst
lien
As to improve!
.
McWilllams.-
1953
Jan. 2
Office, 120 B'way. Apr. 1,
do
do
Apr. 1,
July 1. 1947
do
Bait, Inter
!8ee text.
800,000
750,000
400.000
750,000
3,193,000
See text.
1,000.000
300,000
l
In default.
K-
6
4,00O,0(K)
Stock
<f Bingham ton
1st mortgage, guar, p a i. t>y D. a- ii., end .No...
Valley (N. Y.)- stock, 5 p. o. guar, by L>. L. A W...
1st mortKaKe (for $000,000).
Valley (Virq
*l,000,000
o
:;.
M.
g.
6
o
A Bio GBAH
Lome Watbb. A O
-k.t; p.cgu. by d.l.ava
R
jttca
Ulica Clinton
1,
June
'
3»t g.
l.gu.
Ho.
A
6g. M. A
4g. 1'. A*g.
:
I).
A A
A J.
J.
1902 A.
190
4
5
'
FF, secures
l.
,
N. V.,
10
1
i
eo.ii
v. gnlokerb. Trust.
Y M
July
do
do
July
4 g.
•
1
Sec..
N.
J.
11o<
led. a!
J.
I
($200,000 authorised)
In., -\,
D. N
A
,1.
r.
Ec
ltt M., $12,500 D
Uiah Oentn
UlieaJ r.uuk
A
J.
J.
$2,000,000, gold. Ce
I
Last
1
Wl.
Valu.-
.
l,n>;,,
137
r
.„
.
JJOMDfc.
Tnaeatoosa Belt- 1st mortgage, $100,000, goid.Ko
Tuscarora Valley 1st tuorl
>ld
Tuscarora UK., 1st M
'I |> .0
Ulster ADi
l
.
;
Stockbold'
(V. 67, p. 1169.)
i
1
The
tinier
A Delaware
son River). N. Y., to
It
It.— Owns from Kingston Point (Hud-
ineonta, 109 miles, m lth branobes, a total of 130
miles. V. 74, p. 42. Of refunding 4s or 1902 ($3,000,000 authorised
$600,0(10 bare been Issued, tin $.".00,000 second 5s of 1S!»1> being retired. V. 75, p. 567. Loans and bills payable .lime BO, 1902,954.000.
Earnings. r,. r 6 mos. ending June 30, 190'2, gross, 1278,131 net,
$76,050; oth.r Income, $1,733; charges, $90,b05; bal., def., $3,017.
Tn.tnd.June 80. Oreem.
Net,
Other ine. int. .taxes, etc. Bat.. snr.
(
|
;
19001901 ...$607,423
1899-1900.... i7:i, 663
.
$177,793
142,376
$4,868
$1
l36,0oS
11,400
17,118
-(V. 71, p. 186; \ 72, i>. 628; V. 74, D, 12; V. 75. p. 78, 667.)
Vallc) Hallway.— Owns road rrom Brldgewater to
I until In
New Berlin, N. Y., jo miles; opened in July, 1895. Extension from
New Berlin to Oiiioiita, :i miles, is proposer), tbe Mohawk a ':
KK. being lncorporateo In Dec 1902, to build the same. V. 7."..
Income bonds, 827,618 40-year 5s. lnt<
but funded for 5 years, and 111 April, 1901, foreclosure suit was
V. 72, p. 776.
Drought.
JTear 1901-2, gross. $34,131; nel Income,
87,431; Int. and taxes, $18,195; balance, .(elicit. $5,764.
Everett M. Culver; J7 William St.. N. Y
(V. 72. p. 77b
I
I
,
nderground Bleetrte Knllwayn or London,
m
l.un ted.—
76, p 920, 974, 1031, 1250.
Union l»e|>ot llr.ATcr. It It. of Kaunas City.— V. 72, p. 989;
V. 75, p. 1255, 1304, 1401.
I iilou Fat-IlUKallroad. —{(ire Map.)— The system embraces
Lines owned <tiri Ctly Controlled— I'raei ically Oicnett
to Ogden
Council Bluffs
1,012 Oregon short Line KB.,
Kansas City to Denver
640
Ser, Wy., to Huntington,
Denver to Cheyenne
106
re, Helena. Mon., to PrisLasalle, Co.. to.Iulesburg ..
151
co, Utah, eto
TI 1.740
Other branches eto
1,206 Oregon KK. & Navigation.. U 1,072
d
3
Tot. main line and l)r'nohs.3,115
Total all lines July 1.1902 5,930
IT See these companies.
History.— Incorporated In I'tah July 1, 1897, to succeed per plan
of Oct. 15, 1895 (V. 61, p. 704,705, and V. 64, p. 124), the 1 11101
Ru., as stated to N. Y. stock Ex. In \". 0t>, p. 618; see also V. t!7. p. 790.
.
1901-02
Average miles
I
|
Fixed charges
Int. on Or. Short L. Incomes
/'i oidenda on—
"re. KK.A- Nav. pref held by pub.
Directors,
estl-
Wlnslow
S.
Pierce,. lames Stlllman.
.1
«
'•_
Mom
.;
-
beneficial ownership
Wyoming, Colorado, Utah and Kansas, the value of whloh was
Q. Hurt,
II
Marx in Hughltt, E. H. Harrlman. Thos. T. Bokert, Jam
oou id, Oliver Ames,
Otto h. Kahn, T. Jetlerson collage Jr.. Gteorge
J. H. schitt, Louis Fitzgerald, Chas. A. Peabody and BL BL Be
in:, 120 Broadway, N. Y.- (V. 7P, p. 1250; V. 77, p. 148.)
I' n ion spring* a Northern R».—Owns Union Spring- to Fort
I).i\ I-, Ala., 7
miles. Bonds are subject to call on aod after May
1,1906, at lo.; International Trust Co. of Baltimore Is moi
7. 76, p. 758.
President, W. M. Blount; Tieasurer, .1. M.
Elly. oiiice, Union Springs, Ala
IV. 76, p. 763.)
I
nlon TermliiHl Ity. <*f
<liy.— Owns terminal road at
Sioux City, la total track, 13 miles. Incorporated June. 1900, as
successor of the Sioux City Terminal Ky. Ax Warehouse, sold In foreAug. 22, 1899. v. 70. p. 1202. Operated by the oompany itself, charges being made for switching on a xvheefage liasis.
Stock.
OOO.Of WhlOh $1,870,250 outstanding, all Issued to the old
r tWO thirds ot tln> stock
has been deposited in a
voting trust for tlx
No bonds
f. 71, p. 81.
Wright; Sec. Walter T. BllyeU, 514 Walnut St.. Philadelphia; Treas ,
Adam A. >tull, 505 Chestnut St., Philadelphia.— (V. 71, p. 31.)
tilled Ne\% Jerwej Itailroad 6c Canal Co.— {See map PennI
/.'.)
With other properties operated In Conner! inn therewith To
em of roads in Northern Ne,\ Jer
city,
tending from Oamden to Amboy and from Phils
w ith branches and connections, a dlstan
f
167*31 miles; Hudson
Klver ferries to Ne.v \'ork. I mile, and Del. A K. int. in Canal from
•v Brunswick and feeder. 66 miles.
PhlL A Trenton
and Ib-ividere Del.— which see— are principal leased lines.
-c..— Leased In June, 1871, to the Pei
r 999 years;
rental equal to 10 p. o. on stock, lnt-ere-;
net,
For year ending Dec. 31.
other inc..
<
1
V. 72. p. 392, 776.
30, 1902, directly or through
5.C41.777 acres of land, situated In Nebraska,
654
(4%) 8,981,
(4%) 4,
(
.*
V. 72, p. 1084.
$11,989,480
$28,926
i
1
Lands.— The lst4sof 1897 covered June
Pacific pref
do
column
do
Balance, surplus
1-
collateral, eto.
.1,036
$20,010,279
$7,442,188
$33,034
1,376
(4%) 3,979.580
(4%) 4.000,01 4
$6,31".. or.
$4,554,087
us. i'.tc— (July, 1902.)— Pres., and Oen. Mgr., Horace ii. Burt;
Vice t'res.. SVm. D
Millar; Treasurer, F.
iid.r
li.ioi
.
:
looo-Ol
5,543
38,181
24,587.145
1,0
income
I
«
.".,710
$47,500,279
25,559,226
$21,941,053
earnings
Operating expensesand taxes...
Net feeelpts
Income from investments
:
In 1901-2 purchased $90,000,000 stock of the southern
strong working control. V 72, p. 2 18,28 i; V 78,p in.
During the in. ai y. ar 1900 I, $41,08 ,000 preferred and $37,023,000
Northern Pacific common Mock Was purchased, the title Delng
In the Oregon sliort Line Kit. On Jan. 1, 1002, the Northern Pacltlc
was paid off at par and the oommon ItOOk iras
Sreferred BtOOk
lcreasedaud exchanged for $82,49 1,871 stoos of the Northern Be <uitles Co. ami $-1,000 i)7 cash. \ 75, p LI 96. See Northern BeouritJes
Co., V.73, p 1010, 10«12, 1358; V. 74. p (is 1, and Oknkk.u. In
below regarding " participating" 4s of 1802,
STOCK.— The preferred stock Is entitled to p referential 4 per cent
non-ouiuulutivo dividend-*, as declared by the directors, and ti no
other or further share of the profits.
In ISO the stockholders authorised the increase of the oommon
stock from $61,000,000 to $90,178,700, and of the preferred stotk
from $7r>,000,000 to $100.00. '.odo in order to complete the company's
oontrolof the Oregon KK. A Navigation and Oregon Short Line KK.
On Mar. 24, 1901, the common stock was further authorized to be
to provide for the com erslon at the option
Increased bv $100,000,0
of the holders or the 1st lien 4s of 1901. V. 72. p. 892. 628. Iu June,
V.
1903, $12,741,000 had been exohanged ' 73, p. 13G0,
Dividends p. 0.)— ) 1898.
1899.
1900. 1901. 1902.
1903.
>
On common
4
Apr.. 2
4
3»a
1 >a
On preferred
4
4
)
4
Apr., 9
3^1
Bonds.—The rlrst mortgage (Mercantile TrustCo., trustee). co\
1,854 miles composing the former Union 1-actiio ana Kansas I'acitlc
lines, including the telegraph,, terminals, equipment, and, directly or
Indirectly, land grants,
statement to N. Y. Stock Exoh., V. 66, p. 618.
The tir-t nen convertible 4 per oent gold bonds or 1001, lin
$100,000,000 is secured by praotJo&lly all the collateral fonnerlv in
the treasury, including 875,000.000 southern Paolttc stock, and by
riiey are con\ e>
first mortgage on about 1.025 miles Of branches,
lble at the option of the holder at anytime before Mav 1. 190
common stock at par, and redeemable after that date in whole or in
Eart by the company at 102^ per cent (in the latter case to be chosen
To June, 1903, $12,741,000 had bee
y lot)
1360. See abstract of mortgage showing securities pledged, value of
.
.
,
1
|
I
V
1
I
,
•
i
I
/.'.
1
);
-
plus ror yes
r7,025.359.- 7.74,9 682.)
•
In 1901, gross, $24,330
I
Ilea
&. Siinqueliaiiua \ alley Ky.—Owns Ctlca,
N/x., 75 miles branch to Klchtleld Sprliu
Koad opened October, 1872. Leased to Delaware
Western at 6 per oent on stock. Has no bonded debt.
Chenango
N. Y., to Greene,
total, 97 miles.
Lackawanna A
;
138
INVESTORS' SUPPLEMENT.
[Vol. LXXVII.
.
.
July,
1903.
RAILROADS.
<£
10 aj
General
fue.
<£
see notes
Date
of
()00
&
i
l
Lot
lit
F
mort., rold.4
ii
hi.
as
Kvn
<•
—
iho.
Des Moines
I
M..g.,s.f.,n d. UO.Ce.C
t
lst.M., gold, $l,B00.000.Co..e'
>l».
A Oh. Dlv. M gold, SI, 000,000. K... c*r
eAr
Omaha Division, $3,500,000, (fold
Tol
1889
97
1899
144
1901
1901
New
terminal mortgage, $10,000,000, go .1
c<fer
b. t.Co
Nor. M., g., guar.
Kans. Oil
Columbia A 8t. Louis, $300,000, g., gu- P.AL18H
Lkaskd Link HuNDSo. L«1 M. loptlon, V.75,p.l033)
Bt. L. Conn HI.
Bruns. & Chilli, (option, V. 75, p. 1033', Int. guar.
Wabash Chester dt Western— 1st mortgage, gold..o*
lstoonsol. mortgage, * 1,000,000, gold.sst....o*
Wallkill Valley— 8tock, 34 per cent, guaranteed...
.V-
per cent, guaranteed.
.
MM
33
33
UK.—
A
A
A
i
1
.
.
(V. 75. p. 730: V. 70. p, .07,
Wabanli ltallroad.— (Sre
Owns East
of Miss. Hirer.
2 73.)
.lfn;j.;— Embraoes lines as follows. viz.
Owns
Miles.
West of Miss. Hirer.
Toledo, O., to Fast Hannibal,
Camp Pt. and Flvaston, Ul.
Decatur, Ul., to E. St. Louis.
Moberly to Ottumwa, la
536 Salisbury to Glasgow. la., etc
110 Des Moines to Moulton. la
Juno, near Chicago to Ktlinghaiu and Altamont, 111
Btreator to Fairbury
Brunswick, Mo., to Council
Edwards vllle Branch
Delrey, near Detroit, to Butler
Mont pe Her, O., on line to Detroit, to Clarke Junction.
near Chicago
Attica to Covington
Champaign to Sidney
Toledo to Montpeller,
New Haven
.
216
31
8
j
110
to Butler, Tnd...
Owns
Bluffs, la
Excelsior Spr to Mllw Juno.
Total
owned and
Trackage,
leased
131
15
95
225
9
2,040
etc.
Chicago to Clarke Junction..
150 Moberly to Hannibal (V. 69,
15
12
O
.
26
550)
70
Fast Hannibal to Qulnoy
17
60 7 short lines to Qulnoy, De26
troit, Ac
36
Other lines
1
275 Windsor, Ont., to Buffalo..
270
P.
West of Miss. River.
Louis to near Kansas City.
Oentralla to Columbia, Mo.
21
Bt. L. Levee to Ferguson, Mo.
11
Grand total July, 1902 ...
Also 7 miles owned, but leased, not Included above.
The new line from a point near Toledo, O., to Montpeller, 50 miles,
giving the company a continuous line from Toledo to Chicago, was
completed In Jan 1902; also a line from New Haven, Ind.. to But
ler, 26 miles, replacing the Eel River RR. V. 73, p. 569.
Omaha A at
Louis RR 145 miles, was taken over Nov. 1, 1901. V. 73, p 1012.
Histobt, Ac-Successor In 1889 to the Wabash St. Louis A Pacific,
which was sold in foreclosure. See Supplement up to January, 1889.
Lease.— Entrance to Chicago is secured over the Chloago A west Indiana, of whose stock this company owns $1,000,000.
Capital Stock.—The stock Is $24,000,000 preferred 7 p. o. non-oum.
and $28,000,000 common par, $100. Holders of the "A" and "B"
debenture mortgage bonds are entitled to one vote at stockholders'
meeting for every $100 of principal, and to nominate one-half of the
highest even number of the board of directors.
Bt.
,
.
,
,
;
.
r-
1
1
i
.
i
1.
,
.
LmI
Fro
A
Jan.
l"t
'02.
Nov
.1
from Jan.
lut «t
do
.1
5
g.
J.
J.
J.
4
g.
ML
3>ug. A.
A
A
A
A
1,
A
.1
•
\
May
1,
do
Tru
(i
1908
1903
1938
1939
1938
1,
>lo
In 1903 paid
J
1,
I.
July 1.
see text.
July 1. 1941
Jan. 1, 1988
Mar. 1, 1941
p. o.
er paid.
N. Y., Central Trust Oo.
N.Y., Oontln'l i'i ii
.. Knlckcr.Ti
B N
0. N. Y., Bowling <ir
.1.
"»
1941
1.
1953
5
5
4
g.
g.
g.
M
.v
4
g-
ML
A
N. N.
6
8
J.
A
J NY, Office, 195 B'way July
A Boston, Bank Redemp'n Aug.
5
5
2003
Oet
ul v*o:s
.J
1915
(1)
way
N, N. Y. Central
A.
So
g.
g.
1
1,
1903 Jan.
1,
5S
19*
.
N. Y., Central Trui
A
A
1916
1.
1
421,000
264.000
300.0O0
390.000
330,000
250,000
330,000
l.OOO
I Ilea
OllntOD A Itlnuliniuloii lilt.—Owns Utlca, N. Y., to
Randalls ill*-. N. Y.,31 miles. leased during continuance of charter
renewals thereof to Delaware A Hudson Company, which
pays rental of $61,500 per annum. Operated by New York Ontario A
Western. The street Hues owned are leased to Utlca A Mohawk
By. for $15,000 per annum. Capital stock, $849,285 (par $100),
dividends on $200,000 of which are guaranteed by Del. A Hudson
at 6% per an.; balanoe variable, 3\ p. o. paid In 1898 to 1902. lncl.
Bingham ton, N. Y., to State Line of Penn.,
Valley (>. Y.)
11 miles, leased to Delaware Lackawanna A Western at 5 per cent
per annum on stock, the lessee assuming the interest on bonds.
Northern lly.— See page 173.
Velaaro Brazos
.iiaxmici
it» nil.— Koad. Fltchburg to Green
Vermont
Held, Mass., 56 miles of double track; branch, 3 miles. Leased to
Fltchburg RK. for 999 years at 6 per cent on stook. New bonds to
the amount of $772,000 will be Usued to provide. In part, for the 5s
due May 1, 1903.-IV. 75, p. 612; V. 76, p. 160; V. 76, p. 812.)
Vermont Valley KR. of 1871.—Owns Bellows Falls to Brat tieboro, Vt.. 24 miles. Controls the Sullivan County KR., Bellows Falls
to Windsor, Vt., 88 miles. Operated by Boston A Maine. In January,
1903, merger In the Connecticut River Kit., the latter to assume
the $800,000 bonds, was proposed, v. 7>;. p. 21*.
Earnings of Vermont valley for year ending June 30, 1902, gross,
7.179; dlv. on Sullivan Co. KR., etc., $49,450; total
$269.7:
net, $106,629: interest, taxes, etc., $-16,569; dividends paid, $60,000;
balance, surplus for year, $60.— (V. 65, p. 867; V. 76, p. 214 )
Pacific Ky.— Delta, La, on Miss
Vleksbiirtr Mircveporl
Isslppl River, via tfhreveport. to Texas line, 188 miles. Of this, 17 miles,
Shreveport to Texas State line, is leased to Sherman Shreveport A
Southern M Issonrl Kansas A Texas system) for 25 years from July
28. 1900. Successor on Mas 1. 1901, to V. 8. A P. Railroad, fore
closed, per plan V. 78, p. 028. 676; V. 77, p. 38.
Stock, Etc.— Stock authorized, common, $3,000,000; outstanding.
$2,856,500; pref., sec table. Of the $3,500,000 general 5s - ,323,
are reserved t'> take up at maturity the prior lien 8t ami $605,000 for
future requirements. On pref. stook, 5 per cent, paid Sept. 1, 1902.
Earnings.— From July 1 to June 14. gross, $1,213,546 In 1902-3; $1,
030,364 In 1901-2. Report for 19014)2 In V. 75, p. 11»9.
Set.
Other me.
nitres'.
Oross.
Tear.
Bal., Sur.
25S
1901-2. $1,080,252
$315,668
$155,822
•$166,098
1900-1..
906,018
180,571
Dlv. of 5 p. o. ($107,1 10) on i>ref.. was paid Sent 1, 1902.
—(V. 72, p. 937; V. 73, p. 1 1 .»7. V. 75, p. 1 199; V 7". p. 38.)
Virginia A South western Ky.— Owns from Bristol, Va north
erly to Big Btone Gap and southerly to Mountain City, Tenu
134
stock, 92.000,000, all common, of which half owned by
miles,
Virginia Iron Coal A Coke Co (see miscellaneous companies In
tnls BUFFLBMBIIT), which guarantees the bonds uneondit
principal and Interest. i>er plan V.7 >. p. 3 18,898,736. S >e offlola
For 4 mos. ending Oct. 31, 19o_\ gros
-.
lUfiit, V.76, p. 873
against
a 1901; net $86,142, against $63,712. Year ending
net, $164,700; interest charge Is
June 30, 1802,
A
A.
A.
r-t
'i-nt'l
2,800,000
100,000
100,000
1878
1.000
1878 100 &o.
L888
1,000
1893
1,000
100
1877
l.OOO
1877
1,000
42
65
5
3.0o
1901
41
38
J.
g.
6
6
00,000
3,349.000
I.MIO.000
3.000.000
N'ih-
I'.IOi
6
7
5
1,000,000
1,000
9
22
g.
.Ian.. '89.
'
(I)
839,000
32,498,000
ate
and
$100,000 yearly.
B
l
J
V
M i
i.OOO
ooo
1
1901
Equipment bonds, $3,000,000
'-j
5,000,000
1,000
1,000
1,000
1,000
1,000
1,000
Hs<(
L889
1891
.
2d mortgage Income, 3
JJ.OOO
1,000
lOO
1.000
1902
52
A
M A
1
i
red. Dtt to'09.Me
B<
non-oum., series 0, not r*
Det AChle
J.
5
l.OOO
1,009
Deb. M.. In
Do do
4-5 g.
I
1.57
t$34, DOd.OOO). .Ce.o*
L,
$1,744, 375
2.1
i
Wai.
Bate per
Where Payable, and b>
Outstanding
Payable
Whom.
188
"i.ooo, gold, go. Ho..
<e Bouthw.—
Pinrimu a; Truckt
Wabash B.—8t.L.,K AN. onm. Charles Br'ge.g. Ceo2d mortgage, (option, V. 75. p. 1033)
Va.
Par
0'
.rlnol-
pal.Wh. n Due.
Last
Dividend.
Amount
|
1886 $1,000
188
13t»
LNTKREST OB DIVIDENDS
of
Koad. Bond* Value.
BR.— 1st M. on land, g Ceo"
KJk, pf., 5% n.-o., $2,200,000
i
Pm BB.
Virginia Midland
V. 8.
,
Meridian— See Ala. A VlCKBBCRO.
Ticks. Bhreve.
Tick.8h.<£ 1
.
t
KAILROAD STOCKS AND BONDS.
|
For explanation of column headings, Ac
011 first page of tables.
Ticksburg
8
.
-
r.
.v
.1.
.V
J.
34
34
34
J.
J
A
r.
A
A 8.
<*•J.
M.
.i
Y,
Y
Office,
1.
May
195 B'way
1,
.Lin
ui-, Offloe.
J,
g.
g.
Mir.
Tr.Co.
1,
1921
1928
1942
1,
1,
1908
1908
Nat. l:k loin
July 1. L918
July '94, pd. July 1, '96 Jan. 1. 1928
X. Y., (ir. c.-nt. Station. Aug., '03, *„%
N.
.
do
do
do
do
Aug.
Aug.
1,
1,
1917
1917
Bonds.— Abstracts of the mortgages of 1889 were In V. 49, pp.
The first mortgage covers all the lines owned both east and
west of the Mississippi at time of reorganization (1,542 miles); but
the second mortgage covers only lines east ol the river at time of or270-273.
ganization In 1889, 1,009 miles.
Debenture mortgage bonds, $3,500,000 are series A (pref. In respect
to Interest payments only) and $26,500,000 series B. If series B bonds
are not pre-eiite.i at maturity, July 1, 193^». interest will continue
to be payable If earned. See stock above as to voting power.
Interest on) 1890 to 1893. '94. '95. '96. '97 to '99. '00. '01. '02. '03.
'•A" bonds
%
6 yearly.
S
001
6666
The Detroit <£ Chicago Extension bonds cover 150 miles, completed
May, 1893, from Montpeller, Ind., to Clarke Junction, 26 miles,
from Chicago. Mortgage Is for $3,500,000; abstract in V. 54, p. 1049.
The Des Moines Division bonds of 1899 ($1,800,000 authorised) cover
96 miles, equipment costing $250,000, etc. See V. 68, p. 574, and advertisement In Ciikon. March 18, 1899: also V. 69. p. 335, 796. 1248.
The Toledo <t Chicago Division 4s of 1901 are secured by a tlrst Hen
on extensions oonstroeted In 1901 from Maumee, O., to Montpeller. 50
miles, and from New Haven, Ind., to Butler, 26 miles, and by a lien
subject to the Detroit A Chicago ext. 5s on the present line from
in
Montpeller to Chicago, 150 miles. In Jan., 1901. also sold $3,000,000
equipment bonds. A sinking fund may retire $100,000 equipment
bonds annually at 108 for 5 years, then $150,000 for 10 years and
thereafter $^00,000. V. 72. p. 185, 582. 822; V. 73, p. 567.
The Omaha Division 3^8 (Bowling Green Trust Co. of New York,
trustee,) are secured by a first lien on the former Omaha A St. Louis
RR.; Council Blulls, la to Pattonsburg, Mo., 11 I mllf-s; of the Issue,
$500,000 are reserved for Improvements V 75, p. 686.
In May, 1 902, purchased the Columbia A Ht. Louis RK., Centralis to
Columbia, Mo., 22 miles, guaranteeing $300,000 four per cent gold
bonds thereon. V. 73, p. 838, 786, 1012; V.74. p. 1040; V. 75, p. 686.
Boli ers of St. Charles Bridge 1st anil 2d mortgage bonds, ft. Louis Oo.
Bluffs A Om. 6s and Bruns. A Chilli. 8s were offered right of exchange
V. 7.5, p. 1083,1204; V. 76. p. 214.
tO April 1. 1903. for 1st 5s of 1939
The stockholders and debenture bondholders voted on May 5,
1903. to issue a new mortgage to secure $10,000,000 ilfty-year 5 p c.
gold bonds to acquire from tune to time additional terminals at 8t.
Louis and Kansas City, Mo.. Chicago ami muiicv. 111
Toledo. O.
Detroit. Mich, and other places. About $3,500,000 or $4,009,000, It
\s.m understood, will be required during 1903 and 1904 V. 76, p. 436.
,
7."..;.
i
ilal Finances.— In 1902 the Gould interests acquired control of the Wheeling
Lake Frle. and will complete in 1903 ths
Western Ky.. from Steuben vllle. <>., to Pittsburg, 60
Pitts. Carnegie
A
A
miles, forming In connection with the Wabash an independent route
to 1'ittsburg for the Missouri Pacific and associated lines
V. 72, d
776,874.1189; V 78,p 188; V.74,9 109
:d syn-
A
Pittsburg and the Eastoqutred the West Va. Central
ern Maryland RR to obtain access to tidewater at Baltimore. Seethe
two last-named cos. In May. l9o2, a Gould syndicate acquired control
of Ann Arbor KR. V. 74, p. 1091,1141; V.76, p.
I, 1032; V 77. p. 148.
In March, 1898, began running trains Into Bullalo,
Y.. u~Grand Trunk Ry. under Joint trackage agreement. The Wabash
00 will pay the Grand Trunk a rental commencing at $275,000 per
annum, to be Increased at the end of every tive years by $25, OOO a
year, until It reaches $350,000 per annum. Wabash also pay its quota
st of operation and maintenance.
V. 66, p. 812.
Traffic.— In 1901-2 carried 8,578,603 tons; grain rurnlshed 12 54 p.
c, bituminous coal 25*62 p. C; lumber 6-33 p. c, and live stock3 97 p. o.
i: vumnos.— 11 |mos. ) 1902-3
Gross, $19,430,921; net, $5,21(1 010
July 1 to May 31. J 1901-2
Gross, 17.537,"?69; net, 1*919,441
ANirrjAL Bkpobt.— Flsoal year ends June 30. Annual meeting at St.
Louis second Tuesday in September. Report for 1901-02 was given at
length In Chroniclk, V. 75, p. 663, 686; editorial, p, 640, showing:
Year end ing June 30—
1901.
1908.
1900.
Average mileage
2,483
2,367
2,35<
"<
I
v
•'
i
-
Gross earnings
$19,053,493
Maintenance of way
2,740.901
Motive power
4,294.889
Maintenance of oars
1,244 037
Transportation and general..
5,507,559
Total oper. expenses
"$13,847,430
Net earnings
$5,200,057
Perot, oper. exp. to earn'gs..
From
rent of tracks,
Ac
(72-68)
$17,o54.464
2,335,371
3,909.316
1,457,151
5.050.207
$12,752,0.5
$4,802,419
(7264)
3i3,836
$5.1467255
$586,199
$16,440,990
1,896,131
3,605,625
1,334,758
5.110,902
$11.947, 4r*8
$4,493,574
(7267)
418.155
.522
$5,624,212
$4,833,096
Taxes
$627,930
$567,327
Track, bridge rent. Ao
1,620.060
1,496.349
1,129,863
Int'st on bonds and rentals..
2,964,757
2,760,571
2,715,796
Dlv. on "A" deb
210.000
210,000
210,000
Balance.
sur.$93.136 sur.$2 10,099
sur.$201,459
Officers.— Chairman of Board, O. D. Ashley; Pres. and Gen. Manager, Joseph R*msey Jr.; Vice-Pres., A. C. Bird; Treas.. F. L. O'Leary;
Total net lnoome
I
C. Otteson.
I)irootors.-Mes»rs. O.
f>. Ashler,
Thoma* II. Hubbard, Edgar T. W»lle».
II. Urde, Jogeph Ramsey Jr., Ceorg*' J. Oould, S. C. Kevn»ld».
Wlnslow S. Tierce. Kdwln Oould. Henrr K. VcIUrg
and Cyrus J. Lawrence.
Office.— 195 B'way, N*. Y.-(V. 76. p. 1032; V. 77, p. 38. 148.>
Jamen
Terrj. K.u<«ell Snue,
.1
140
INVESTORS' SUPPLEMENT.
fVou LXXVII.
Ju.v,
RAILROAD STOCKS AND BONDS.
1903.]
RAILROADS
hum Da*
Warren (N. J.)— Stock, 7
1st consolidated
1st ri-r.M
ini)
-v
1
p. c. pem.,
stl morlc
00. gold; gu.
guar.
i. ••
P-
Waaningin,
o r
Wash.
<t
i-i
Washitiulnit Ohio
I
Wt
if
-
1
(t
1st
WooitHtow
w. J
Gold
-
\
i
\
M
«m
v
n A
000
jr.,
•
Nooup.)
tip). ..I
18
l8tM.,gu.n.&l. l end.byN.1
I
i
M
l
iok. $25,000,000.
p 20 L) M i>
amberl'd, 1st M., mi. rental, g.vie
Coal .v Iron K> l-t M \ 71,p.ll66.gu..g
West Virginia d Pittsb. 1st Ml, g, red ffle.Ba e
Wett'n (Ala.)—\H\ M.,g.,gu.byC. Ga.andGs BB.<
KM>,g H<
West. Ifaryi'd— NeVi IstM ,(50,
Gen. lien end oon v. M 910,000,000. lna 1 yrs B.
MeHa
"79
128
374,000
500.000
5
Wash,
A
A
ii
lid
do
A
J.
July
;r.
Oent
'heck from Oo.'b ofiloe.
\.Y..
i
!
1
680
5
5
(5)
1
A.
A.
4^
.543.000
00,000
10.000,000
1
4
4
a a
A O.
A O.
r.
g.
k.
g.
Belt, Hembletoi
Halt..Mer.Tr .V Dep Ob.
<
do
do
1909
l,
1911
July 1.
July 1
Jan.
Mar. 25, 02.2
July
Aug. l. mil
'
Au«
Apr.
1,
1,
Oct
1.
Oct
if.,2Wall8t.
n \
luarant] Ti
N. Y.. Merc. Tru
K.
lull
1,
Btetlon.
1,
May
llll
lll>
I
1930
iiii
do
do
dO
do
do
4
J. A J.
50.000,000
10,5-4. '00 3»aln'01 Bee text
.
<>3.2^
ill)
J.
:
Baroi
do
4 g.
3»« g.
'
York.
A.
Fhiia
.1.
l'a.
1,
1
.
1920
1990
l'UR
1952
1952
.
.
-Mam
Columbia
A-
1
Maryland BR, mortgage <>f
Divn
1. -95 to '96.
1
(Per oent.)
8m
lllver lt>.—Owns road from Day-
oee,
|
8488,150;
i^i
vi
1.
1901
to
Kikmmis- Year ending June
n
ami real estate department i-r c< ».^"
coal and coke shipments for year 1900-01, 1,628,714 tons;
i»b
1
Weal Virginia A Plttabarg Hit.—
In
v
-
Halt.* Ohio.h-
West VS., to B OhWOOd, W. 7a., 120 miles, with branch, 6
also from Weston \ ia Buokhannon to Pickens, r ,o ml
170 miles. Leased to reorganized B. A 0. lor 806 years from
tal,
Bept. 1, 1899, per plan In V. 87, p. 1810, for four per cent on the
pi $10,000 bonds being stamped with an sgn
tent
reducinK the interest from 5 to 1 per cent and the H
option
to purchase bonds al par u Itnln 5 \ ears on 60 daj 1' notice,
v. 89, p,
16. com., $2,500,000,
Dd ptef., +900.000. all deposited by Bait.
At Ohio under Its own Pitts.
1.. d
weal 7a system mon
lUTg,
,-.
1
L
•
i
Bovdb.- Mrst mortgage oovers road and its equlpmen and
1111 her. coal and mineral lands in West Virginia.
(V. 71, 0, 810.)
Woicrn (The) It) of A la liama.—Belma to West Point.
Georgia RR. and Cent. KR. of Oa. each owns half the $3,000,000 stock
DrviUMUa ) 1894 to 1806. 1897. 1898. 1899. 1900. 1901.
—
|
.
I
cent. s
2 yearly.
3
4
Jan., 2
d)
For year ending June :<o. 1902. jtross, $^37,173; nel
other income. (4,331; deiluctions, (188,5 3; dividends, (130.000.
Weatern Maryland itit.— Kovo Baltimore to WUllamsport.Md.j
Baltimore A Cumberland Valley Ballroad and
on, Edgemont to Bhlppensburg, Pa., 34 miles Baltimore A Harrtsburg Ballroad, Emory Grove, Mil., toOrrtanna, Pa., 59 mill
branohes, 6 miles western extension, 15 miles; Potomac
Williaiiisport to Cherry P.un on the B. A O., 14 miles, and Porters to
York. 17 miles; Washington A Franklin By., llacerstow n. Mil., to
umbra. Pa., 19 miles; total, 25k miles main line.
Bistort.—Im June, 1909, the Gould Interests acquired from city el
Baltimore and others nearly ail the stock
to tidewater at
Baltimore is under oonstru. tlon and In time the road will be extendeii to the co»l fields in Western Maryland, Wesl Vs or Pcnnsyl\ aula
An extension is being built from 'hern B in, X V. \
lie land. Md.. 68 miles, at a connection with' the
v
Pittsburg. Of the Utter's stock, 98 per cent bas been acq uin
id under the mortgage of 1902.
below s
Bee Bondc
180. 7'.'. 81] V. 74
1304: Y 71
>.ooo outstanding June, 1903, 00m-Common
mon.$l5 68">, 100; preferred, (324,000.
1st 4s of 1958 (anthorU'd
cover the entire property and
f
the propi
inn s: also 9i p. c. of th<
10k of the
tral A Pittsburg and tbrOUgh the -tocu or the
1
.
;
'
;
211,077
in V. 76, p. 1140.
Tenrtend. Dec. 31.
1901.
1900
1902.
Gross earnings
(3,893,799 (3,678.693 (3,490,457 (8,114,192
1002,391
91NetearnlngB
In 1902 other Income. (28,190; interest on funded debt, rentals-
(
Dlrldi
67; balance lor dividends, $">7 .71
on coiiMnon (and 6 p. c on speola] guaranteed) call for
843. leavlni; (31 8.872, all Of which w as transferred to the e\ti aordlLary expenditure fund. -(V. 74, p. 32-:, 1 130; Y. 7tf, p. 1 ito.i
Weal Shore It It.— See Map X. V. Ct iiirnl if IluiUon Hirer
hawken.N. J., opposite New York City, to Buffalo, *. Y.. with branches,
430 miles byr. Out. A N. Y. BR, iowih d), Syraause to Earl vllh
total, 479 m. Suoceesor of N. Y. W est 8hore & Buffalo, foreclosed
I.v ok.— Leased in 1885 for 475 years to the New York Central A
Hudson end all earnhoga, Ac, Included In that oompany*s report The
(10.000,000 of stock is owned by the New Y'ork Central Company.
Bonos.- The bonds cover 436 miles of road, and also the terminals
at Weehawken. Abstract of mort. in V. 42, p. 170.- (V. 08, p. 332.)
1
c.
1
;
;
1
t
I
pany,
.
th(
acres or iron ore Ian Is and ooal nines product)
of coal and coke yearly, of $25,000,000
used for purchase of the properties, build terminals In Baltimore, reconstruct and equip the Western Maryland and provide for
Went Virginia Central A- Plttuburjr Ry.— A railroad a
company invest Virginia in the upper Potomac region—the Klk oardec
Owns road in operation from junction near Piedmont,
to BeliuKton, W. Ya., 102 miles; Elkins Junction fee Buttonsvtlle, 17 miles; branches to Klk Garden, Ac., 13 miles; total owned
132 m. Leases Pled. A Cumb. RR„ 29 miles; 92 p. 0. of its stock Is
owned, and new lease of 1899, provides for interest on $050,000 5
per cent bonds, 5 per cent on $050,000 stock, etc. V. 69, o. 490.
Extensions. -The Coal A Iron Railway Co., whose entire stock
is owned and $1,000,000
bonds are guaranteed, will be completed in 1903 from Elkins, W. Ya., to the Forks of the Green
Hew
miles;
:•
taxes.
Joseph
Pres.,
i
Gross, (1,848,0
Grose, 1,227,748; net,
1
m
ions; 1,492,288 tons
1896
York.— (V. 70, p. 381,
Bamsey Jr.,
1
i
moa.,51903
{1808
Report.- Report for 1902 was
;
,
Coke
(
May 81.
I
558.113
871,078
I
on Is under
to Mineral Wells Tex., 23 ml
construction from Mini ral \v Us to Jaoksboro and Graham, 7n miles.
Controlled bj Missouri Pacific
In
It,
(100,000
'.Mi2, made a mortgage i<> ceouTe t\ ,^.*<-i ooo Ore per cent bonds,
S
500,000 Delng Issued to retire the Old 6S; balance for c\
?
H; net,
ding June 30, 1802, gi
Gould; Secretary and Treasurer, J.
Pr side)
J
(39,293
W. Boot
(V 75, p. 612,808, 1858.1401; V 76, p. 180.
aneylraals RB,
Weal entente r it it.— *
Waal M-rnrj a ^<ii 8 aio re iiu.-on ifo,> Ptnn*jfl9utiia BB.J
— Owns all the lines of tne PennsylvSJ
in BOUtbl
Jersey, Including line from Camden, opp. Philadelphia, to 4tlanttc City
(58 m.i, Camden to Cape May, Bl m., etc; total owned 330 miles.
Organization.— A consolidation In 189b per plan Y. 02, p. 3C6, 871.
BTOOK.—Common Stock authorized. $S,076,000, of which the 1'eiin.
RK. held Jan. 1, 1908, (1,692,950. v 87, p. 188.
Diviukmis.- Uncommon In 1898, 2^1 p.c; bl 1807,5 p c:
1902. 5 D, c: in 1808, Mir..
p. c; in 1809, •. 1900. ;>: 1801,
Bonks.— Fn-t consolidated men
'O.OOO. of which in
Jan., 1003, (1,840,000 w« re reei rved for i>rior lien bonds w hen due.
and $2.o:().ooo for Improvements, el
rtgage
trustee, Coiniiionwealth Title In~ur <\- Trust Co. Philadelphia.
Earnings.- 5
None
'02
1
I
<
:"»;
gro*»
-2
*97. '98. '99. '00. '01.
1
^ 1 2^9 3**Mar.,idlns Mar. 81, Including coal depkr
RB. net. Ooal,
si. tJh'ors.eie
balance.
.1.112 (797.390 $
I 1* yearly.
yearly.
929,791
539.080
390,105
>RT.— Report for 19001 In Y. 73, p. 681, Showing:
Xei urer
Other
lint, for
Interest d
10/
rental*.
Railroad.
tneotne,
(saw,
die., etc,
1900-01
(t33,924 (804,398
81.182.181
(1
1, 08,392
41
01,128
From surplus above shown in 1900 01, were paid as follows: Betterments, ci|iiipiiieiit, etc $:.o.\ 191
dividends (3 >• p. c>. $350,000:
"Oilier income" Includes profits of Davis Coal *
bal., SOU
Waafelagton county int.—8ee page 171
t* aahlsaztea a i rankiin By. flee page 171.
Waafclagtoa l rminiil Co.— V. 74, p. 528; V. Ttl. jv 804, B19
Welllawtoa Grey A BroceBy.—V. 75,p. 1856; v. 77 p.S8.
Weatherford Rtlnrral Welle A IVorthweeiern By.—Owns
I
HK
*.
L
j
\
1
1,468
taxe«), 8161.823; Int on 1st mort., $100,000; int. on Lnoomes, (44,000;
surplus for year. 816,423 -(V. 66, p. 428.)
Weatherford
I
1
Pendleton. Ore.. 128 miles: branches, 35 miles; total,
par, *100. Additional rlrst 4s
StOOl
may be Issued for extensions at $20,000 per mile. (V. 61, p.70.j In
Feb.. 1898, the Nor. Pao By. purchased the entire capital stock and
Intel est paid on Incomes: In 1 ^'<8-9, $55,000.
all of tht Income bonds.
5 p.
Philadelphia,
F.
1948
1
brier Kiver. In Pocahontas Co
\S\ Ya., 45 miles, to a connection
with a branch of the ( 'he*. A Ohio from Caldwell, completed In July,
h-e V 71, p 800 and for
1901
f iruaiautvp. IK
In 1808 a HOmlle line
see v. 74, p. 1251.
be built from Bi liiik'ton to a point near Pittsburg on the
t
out
Pittsburg Carnegie A Western By. V. 76, p. 1082,
HlsniuY.
line completed in l-m'.». Hy acquisition of r
of Davis coal a Coke Co., the Ballway Co. has
ecqnlred about 50,000 acres of excellent steaming and coking.
and nearly 700 OOke OTCns; 107,005 acres of co.il.liou and timber
re now owned and 1.784 leased, the mines produalng about
5.000 tons of coal and ,111111 oils of QOke D
In L002 control of the ro.nl was ac cured n> the Gould Inter'
]>cr cent of the stook being deposited
ty under
miles.
Jan. 1 to
Julv
July
Jan.
Payable
g.
2O00
Bee statementol each company.
1
Waehlswton
1.
N.Y.,1
6
4,0(>(
BB.—
168
:
lun.
a
1,000
1,000
1902 1,000*0
1«02
nob
J
g.
5*6
0,000
1,000
1890
189
m)
(111
I,
5 In 1902
8
3.2;
Chester, I1L, to Mt. Ver«
w.ii.n.ii ObeeSer a Weeterm
Coupons due Julv,
non, [11., 89 miles. Mock ( 1.250,000; par, $100.
1894, paid July, 1890. For year ending June 30, 1908, gn
net, $18,5(19; Interest on bonds, $;u,;>00; bal., def.. for year, $1
Warrtn A Corateana Paetflc lly.—See page 171.
Wiirrrii It It., N. J.— New Hampton June, to Deis. Bridge, N. J.,
18-8in. Leased In perpetuity to Dele, L. A w. at 7% on stock ami
onboioi- In July, L 900, 02.000,000 8>«s were euthorised to retire the
8750.000 first 7s due Oct., 1900, and to provide i.m the (800,000 consols due Mar. 1, 1905, belenoe being for improvements. Bee form OJ
guaranty. -<v. 72, i>. 828; v. 72, p. 15. 428.)
\% hhIi iii^ton CentraJ By.—Owns reed, Cheney bo Coulee city
Wash., 108 miles; brsnob from Coulee City to Adrian, 20 milt
under eon-i ruction In December, 1902
Reorganisation in .in
Leased In S9- to Northern 1'Hcltk for 999 years at rental sullloie nt to
pay Interest on new 50-year gold 4s, to t" issued ut 815,000 per mile.
(See full particulars V. 66, p 96 t). Tl e Wor. Paolflo owns tin
81,000.000 of capital stook and $286,000 bonds— <V. 67. p. 127,691.)
ton,
4
4
1.
Ml
v.
(111
llll
5«.
l.OOO
1.000
L88i
A
V. Y., Del. L.
A A
J.
10,000
11
1881
29
45
159
lead.
4 g.
i.ooo
1890
1885
F.
l
1881
1,000
1879 500 Ac
lm-j
1,000
.
Lkam.o Locks
2,1
>
Wl,.
do
1,000
BOS
i
<
A.15AO
3»«g.
50
50
1st Bf., gold, »8,< 00,(
Piedmont A
7
7
1,000
911
1,000
"l9
310
310
436
i
Payable
fl.HOO.OOo
IjlSt
•
(t-nt.
1,53
1.
pal. Win
When
pet
1,000
1,000
11
lO.gold
shun
Hint
•
Outstanding
1,000
1,000
stock
)
iiiurt.
189«
1898
4,000 Go
.91,8
•
OnsoL
Bwede
108
137
163
If
int. natal r
HI BN KT.
i>tooi
i
1875
KB.
Common
Sea Short RJt.
guaranteed
A At., oon
.
West
West
>,
(Aw
West Oheth
West Jemey
•
<*
-
$'2,.MX),
,
\i
Wi/
Sj»«-<in
Cinii.l
1st Si
non-cum
rts,
1
d Frank,
«></(/,
mlle.K
<
col u in b. Hirer
Income
Wm$k.
$50
65
18
18
County
WaMfiiiti/ion
AW
I). I>.
!'
Al-F
in.
Size, or
of
of
Pei
For explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Ill
Improvements,
Coal Field.
fromi lerry Run. W< -t Vs
West Virginia Ceufl and the We
'
W. Va.,
all
.
<ed as follows. \
the existing bonds of the western M
.* Pit's, and ••lT.Ms.TtKt, under careful restrictions for
and
development i>f property of the two r.'
The general lien and' convertible mortgage secure* #10
0(1 <1
4 percent 50-year bonds, interest for the first three years being
1
I
able only
If
earned.
V. 75, p. 850; V. 76. p. 49.
142
INVESTORS' SUPPLEMENT.
|
Vol. LXXVII.
Subscribers mil confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds- PrinciINTEREST OR DIVIDENDS.
~.
RAILROADS.
_.
„_
„.,
Miles Date Size, or
pal, When Due.
Amount Rate er When Where Payable,
Par
of
For explanation of column headings, &o., see notes of
and by Stocks— Last
Oiitxt.nTwiinD'
uuwtanmng Cen P p ayaD i e
Road. Bonos Value.
£
Whom.
on first page of tables.
Dividend.
.
1
.
586
Western N. T. <t Pennsylvania —Stock (see text)
586
West. N. Y. A P. 1st M., ($10,000,000), gold. Ble.o
o*
586
General M., $10,000,000, gold, Bee toxLCn
Inoome bonds, $10,000,000, gola, non-oum.FPc*
Mortgages and ground rente payable
Western North Carolina -See Southern Ry.
Western Petmsyl ama— See Pennsylvania RR.
Wheeling ^ Lake Erie— Com. stock, $20,000,000...
lstpref. stock, 4 p. c, non-cum $5,000,000
2d pref. stock, 4 p. c, non-cum., $12,000,000
187
1st M., Lake E. Dlv.,BowerstontoL. E.,g He..O*
50
1st M. Wbeel'g DlT., $ A £ (2d on 187 m.)g.Ce.o*
260
Exten. and Impr. mort. ($1,900,000), gold Ce..O"
451
1st oonsoL mortgage, gold, $15,000,000 ine...o*
Car trusts, Jane, 1903, pay'ble ni'thly, qr. A ann.
Equipment bonds, $2,500,000, g.,s. f., sec text. Me
10
Whet Term. — Id M, $2,000,000, g., s.f.gu p .Vi c,Vr
Whitc&Hl'k Riv.Val. lstM.$800,000,g.,tnt.gu.F.c*
67
White Pass <£ Yukon— Stock .£1.700.000
112
Consol. 1st mort. deben. stook, red. after 1920.
Mortgage debentures (navigation bonds) red
"l8
Wichita A'ai/*-lst mort., g., red. at 1( 5, s. f.sst.e
51
Wien.Vai.— l8tM.,lu.red.to3 toJidy,'02g.^Ieo"Ar
WUkesbtu-re it Eastern— See N. Y. Subq. <fc West.
5
WUkmbarre <t Scranton— Stock, 5 per cent rental..
5
First mortgage gold, guar. p.Al. by L. C. & N. Co.
47
WiUiamspori <£ So. Br— 1st M., $760,000 g.FP.C
Wilm. Col urn. rf A ug.— See ATLANTIC COAST LINE Co. OF
Willmur a* Sioux Fulls— Bee Great NORTHERN.
$50 $20,000,000
1887
1895
1898
1,000
1,000
1,000
9,990,000
10,000,000
10.000.000
317,199
100
100
100
20,000,000
4,986,900
11,993,500
2,000,000
894,000
409,000
11,318,000
625,305
J.
I
8
"
<fe
A.
&
Nov.
J.
N. Y., Continental Tr.
O.
1.
Jan.
do
Apr.
do
Tr.— When earned.' Apr.
1
Fid.
1,
1,
1,
1937
1943
1943
I
,
1886
1889
1899
1902
1900
1900
.
*
1,000
1,000
1,000
1,000
i'obo
1,000
1,000
1SSS
£10
1900 £10.
5g.
A.
g>
g>
g-
J.
F.
£
?
4
M.
<fe
<fe
&
&
O. .V.Y., Mercantile Trust Oct. 1, 1926
N. Y., Central Trust.
J.
July 1, 1928
do
Feb. 1, 1930
Sept. 1, 1949
To April, 1811
J. N. Y , Merc. Trust Co.
Jan. 1, 1922
Ollice, Pittsburg.
A.
Aug. 1, 1940
J. N. Y., First Nat'l Bank.'June 30, 1980
A.
S.
do
N. Y., Mercantile Trust
&
g
5
A
600,000
5 g. J. &
£1.375.000 See text. 8ee text Off.,7Moorgate8t.,Lon. J'ly 10/03. 2**
£716,702
do
5
J. & J.
do
Deo. 31, 1930
£255,555
J. <fe J. Lon., Glyn.M., C. &Co.' Jan. 1, 1911
6
6 g. J. & J.
$230,000
St. Louis, Mo.
Jan. 1, 1925
769,000
3 (5) J. <fe J. N.Y. Mercantile Trust, July 1, 1940
2,5(>O,000
-
1,500,000
1
<feo
£100
1901
1895
1890
1,000
1SSS
1901
1,000
1,000
$500
50
500,000
500,000
530.000
5
Deo. 31
& N.
Phila.,
4i«g. M.
4^-..l.
&
108
So.
do
4th
Deo.31,'02,5%
May 1, 1938
July 1, 1931
St.
do
J. Phila., Fidelity Tr. Co.
8. C.
Of which $266,000 In treasury June 30, 1901.
Eaknishs— For
9 mos. ending June 30, 1902, gross, $1,520,222.
net, $618, 36H; int., reutais, etc., $295,951; bal., sur., $322,415. Statefor 1900-1 was In V. 74, p. 677.
Interest,
Div.on
Bal.,
Net
Tearend.
Qrou
rt7its,<tc. B.tCB.pref.
surp.
earnings, earnings.
Sept. 30.
ment
$348,840
$784,417 $432,834 $3,043
234,449
670.529
433,037
3,043
Joseph Kamsey Jr.; Vlce-Pres. and Gen. Mgr
President (Feb., 1903).
F. 8. Landstreet. Directors, V. 75, p. 850. -(V. 76, p. 49, 384, 544.)
$2,119,473
1,823,741
1901
1900
Wi'Kirrn New York A: Pennsylvania Ry.—Owns Buffalo to
Emporium, Pa., 118 miles; Buffalo to Oil City, Pa., 136 mUes; OilCityto
Olean, 110 miles; Rochester to Hinsdale, 99 miles; Stoneboro to Mahonlngtown 38 miles; branohes, including proprietary lines, 85 miles;
owned, 586 miles; leases, 45 miles.
Organization.— Reorganization March 18, 1895 (per plan
total
Supple-
in
ment of January,
1895), of the Railroad, foreclosed Feb. 5, 1895.
In 1900, the Pennsylvania RR. purchased $19,402,686 of the stock
per share, $9,134,000 Income bonds at $300 per bond, and
at $9
on Aug 1, 1900, took the road over under lease, together with
the Allegheny Valley RR. V. 71, p. 31, 85. V. 70, p. 843, 1096, 1150.
A new lease Is to be made for 20 years from Aug. 1, 1903, to continue
thereafter from year to year, subject to termination at any time on 60
days' notice. V 75, p. 1255.
Bonds.— Abstract of Western N. Y. & Pa. 1st mortgage in V. 47, p.
109. The general mortgage carried Interest till April 1, 1897, at 2 per
oent, then till 1901 at 3 per cent and now at 4 per cent. On June
30, 1902, $395,000 income bonds were in the treasury.
Annual Report.— Report for 1901-02 was given in V. 76, p. 20?.
1902.
1901.
1900.
Tears ending June 30.
$4,764,331 $4,075,089 $3,813,713
Gross earnings
704,932
Netearnings
Other income
925
Netlncome
$705,857
$499,500
400.000
119,183
Interest charges on 1st mortgag.
Int. on gen. mtg. (see above)....
Taxes..
Int. on real est. and equip, notes
Miscellaneous & extraordinary.
16,150
281,121
429,122
7,091
914,441
24,265
$436,213
$499,500
323,807
90,836
22,069
88,497
$938,705
$499,500
294,037
107,190
20,148
def $610,097 df.$587.995
$17,830
149; V. 75, p. 550, 1038, 1255; V. 76, p. 160, 209.)
Pacific Ry.— Projeoted from San Francisco, Cal.. via
Oakland, Stockton, 8acramento, Orovlllo and Beckwith Pass, Cal., to
Incorpo
Salt Lake City. Utah, 810 miles, with 440 miles of brandies
rated on Mar. 3, 1903, and was to take over shortly the pall
Francisco Terminal Railway & ferry, Stockton A Beckwith I'.t
ento <fe Oakland By. Hee V. 76, p. 655, 867, 1194. In
July, 1903, the Western Pacific Construction Co. was organized with
Balance, surplus
—(V. 74,
p.
Western
$30,000,000 authorized stock to imild the roan. V. 77, p. :ts
IjBtook authorized, $50,000,000; par of shares, $1 00. Stockholders
oto on July 27 on authorizing a mortgage to secure $50,000.
huh
it \ -\ car D p.
gold bonds. The Gould Interests, it is rumoied,
are behind the enterprise. Directors, v. 7«, p. 866. President, WalKm tmanu;
Vloe Presidents. A. O. Katns and Henry
ter J Hh it n*-t
.1. Dalcell Btown; Bee, B. M. Bradford.— (V.76,p.655, 867, 1194.)
PeniiMylvanla RR.— See Pennsylvania UK.
Western
Wheeling Terminal It all way.— Owns a railway bridge at
Wheeling, W. Va., completed in 1891, and about 10 miles of terminal
track, connecting various Kits. A reorganization of the Wheeling
Bridge at Terminal By., purchased at foreclosure sale on May 27,
1900, in Die imerest of Die Pennsylvania RR. Stock.— $2,000,000,
Of the bonds, guaranteed principal and inall outstanding; par $100,
nnsylvanla Company, +500,00. are reserved for
additions anil Improvements; mortgage trustee, Commercial Trust
"iin or guaranty, V. 70, p. 655. For year ending Dec.
(o of Phila.
31 1902, gTOSS, 91 88,192: net, $H5,264; Int., $60,000; improvements,
$12 171; bal.. sur.. 918,090, I'res., Kdward B.Taylor; Sec, 8. B. Lig'
ii
i
t
!•'.
;
>
I
gett- (V.
It
It.— (See.
Mil
Lines <>""' it
Toledo, O.. to Martin's Kerry .\>1H
144
Cleveland to Zanesvllle, o
45
Canton to Shcn ods\ ille
4
Toi<-. in Bell Una
Total
Map of Wabash
Cleveland Beit
Branches owned
Branch leased
RR.) Includes:
Mil—.
<;
44
8
499
uildliig, under charter of I'tttsTurg Carnegie Aa line from Mingo Junction to Pittsburg. V.72, p. 874.
.7:;, |. 186; Y. 74, p. 678; V 70.].. Ml.
[n Feb., 1903. It
proposed lo doubla track the mad 6M( from Toledo and south from
Cleveland, v. 78, p. 864,
H»l 1, 1899, per plan In V. 66, p. 1149, ol W.4
Burroi
mortgage,
L K Hinlirini. sold in Keb., undi
In Apr!
Hubject to underlying 1st mortgages. 7. 68, p. 880.
a syndicate controlled by Die Gould interests acquired oontroLthroufli
purchase of tie- oommon stock in the open market, and the road
allied with the Wabash, although operated as a separate property.
V 7 J. p. 723, 776, 874.
Allu-o
m
inti
It v.,
wm
.
i
i
,\:
i
$3,328,000 are reserved to retire at maturity all underlying bonds.
V. 68, p, 1027; V. 69, p. 29. They are a first Hen on 202 4, miles and
oover 248 Hi miles additional, subject to the outstanding divisional
bonds. V. 74, p. 1040.
Under the consol. mortgage, all underlying bonds, as exchanged, must be canceled. (V. 71. p. 391; V. 70,
896, 998.) See application to list new securities V. 71, p. 34, 542.
P.
Early in 1901 $1,529,000 first consols were Issued, mostly for improvements, and In 1902 $900 000. V. 72. p. 534. h26; V. 74, p. 1040.
Equipment bonds of 1902 maybe purchased at not exceeding 105 and
interest or drawn by lot at 10S and interest <or the sinking fund may
bo applied to the purchase of additional equipment) to the following
amounts: $75,000 for 4 years, beginning .Ian. 1, 1903, then $100,000,
$125,000, $150,000 and $175,000 yearly for each successive period of
4 years to date of maturity. V. 74, p. 578.
Latest Earn'b.— 11 mos. ) 1902-3.. Gross, $3,«1 1,328 net, $907,695
July 1 to May 31.
3,20b,391 ; net, 870.375
J 1901-2.. Gross,
Report.— Report for the year ending June 30, 1902, was In V. 76, p.
209. In 1901-2, of 5.258.274 tons of freight carried, products of
mines furnished 64-93 per oent (bituminous coal, 43- 17 per oent);
manufactures, 20-32 per cent; produots of agriculture, 4*40 per cent;
lumber, 2-75 pei cent; balance, miscellaneous.
;
Tear—
Net.
Cross.
Ot/t.inc.
Inl ,tai.,etc.
Bal.. sur.
1901-1902. ..$3,537,022 $943,220
$871,097
$72,123
1900-1901... 2,954,105
877,591 $44,058
774,697
146,952
1899-1900... 2,670,024
705,031
40,070
598,867
206,234
Officers.— Chairman of Board, Myron T. Herrlck; President, Joseph
Ramsey Jr.; V.-P., A. W. Krech; Treasurer, H. B. Henson, New
York; Sec'y, J. H. Dowland. Cleveland. Offices, Cleveland, O.
DlBUOTORS.—George J. Uou'd, Edwin Gould. Cyrus J. Lawrence. Wlnslow 8.
Pirroe, (UvlD YV. Krech anil W, K. Connor of New \<ik: .lo.septi Ramsey Jr.
of si. Lon r; Myr..n T llerrick, George A Qarretson, K. w ogiebay. II. P.
Mclnto.<h. Robert Bllckensderfcr, [Iau. It. Ilaiuiu mil William 0. Mather of
Cleveland, and C. M. Spltzur of Toledo. 0.-(V. :0. p. '20», 8-4, 614.)
White at Black Klvcr Valley Kit.— Brlnkley to Jaoksonport,
Ark., 67 miles
Leased for 80 years from July 1, 1900, to the Choctaw
Oklahoma & Gulf RR. for guaranty of Interest, indorsed on bjnda.
stock authorised, $1,875,000; paid in, $323,000 Of the $600,000
bonds outstanding, $100,000 have coupons cut oil" for the first ten years
and $200,000 are reserved for extension to Batesville.— (V. 72, p. 189.)
Wlilte Pane A- Yukon Ry.— Owns a narrow-gauge line 114 miles
In length, extending from Skaguay Harbor, Alaska, to White Horse.
(V. 69, p. 335; V. 67, p. 1162, 1138); also controls the Canadian Development Co., operating steamers between White Horse and Dawson
City.
V. 72, p. 392; V. 73,
p.
443; V. 75,
p.
1300
Organization.— Incorporated under English Companies Act.
si
iritieb.— Capital stook authorized, £1,700,000 as increased In
Mar., 1901. Of the £700,000 new stock, £255,555 will be reserved
to retire a like amount of debentures issued to the Canadian Developmriit Co. iii payment of their fleet, good will, etc. V. 72, p. 582. These
debentures are described in v. 74, p. 479.
Tlio consolidated 1st mortgage B p. o. debenture stock of 1900 1s
a £750,000 issue, secured by B first mortgage on the £752,223 bonds
and the entire stock of the local companies owning the railway. As
to sinking fund, see V. 75, p. 1300.
Dividends.— First cash dividend of 5 per cent paid Apr. 22, 1901,
and also In August a 25 iier cent stock dividend, the two together representlng the protlts of the tlrst three years to June 30, 1901; Dec.,
1903, July, 2Hj p. c. V. 7;i, p. 898,
1901. 5 i>.
Report for year ending June 30, 1902, was tn V.75,p. 1300, showing
proiit above Lnteresl on debentures and debenture stook, £ 186,9671
in
i
.
70, p.1292; V. 70, p. 666.)
Wheeling at Lake Krle
The Zanesvllle Belt & Terminal Ry. has been operated since Jan. 1
1902. under a temporary agreement. V. 74. p. 207. The W. & L. E.
RR. owns majority of the stock of the Pitts. \\ eeling
Lake Erie Coal
Co., leased In 1901 for ten years to other parties. V. 70, p. 799, 741.
Stock.— In March, 1901, $400,000 second preferred issued on account
of purohase of Coshocton & Southern RR and $600,000, together with
$1,000,000 common stook, was used in constructing extension from
Adena, O.. to Beliaire and Martin's Ferry, 26 miles; in Mar., 1902,
$847,500 first pref. and $423,800 second pref. for additions, etc.
Bonds.— The mortgage of 1899 secures $15,000,000 gold 4s, of which
m
t
brought forward from ln-t year, •289.878; total, £1.'6,340; dividend
(5 p. 0.) paid Deo. 13,1901, 468,750; stock dividend (25 p. c), representing earnings used for improvements. 6376,000; bal., sur., £82,590.
Pros., s. ii. Graves, ioic> chamber of Oommeree Building, Chicago,
Sec, F. C. Klllott. — (V. 75 p. 1300.)
111.;
Wichita Palls It v. -Henrietta, Tex., to Wichita Falls, 16 miles.
Operated l>i Missouri Kansas ,v Texas By. under contract extending
to Jan.
1,
1980,
Stock. 820,
For 6 mos. ending
1
.31.1900, gross, $37,401; net, $20,944; Int.
&
Idends, 611,364. Year ending June 30,
1902, gross, $80,161; net, 833,937; Int. and sinking fund, $16,463;
dividends, 116,473.—(V. 7.^, p. 1 161; 7.71, p ^'> i.l
Wichita Valley.— Owns from Wichita lulls to Seymour, Tex., 51
Slock, $0,000,006; outstanding,
miles; completed in Sept., ls;)o.
$1,020,0(1(1; par, $100.
In 1897 Interest was scaled to 3 per cent to
July 1, 1902, Inclusive, and again In 1002 for 5 years to July 1, 1907,
Inclusive. Land and Income notes (6s), $123,617; Income notes (5s)
and sinking fund,
July,
RAILROAD STOCK8 AND BONDS.
1903.1
Subscribers will confer a great favor by giving Immediate uotlce of
UTOI
ui>>
1NTI
RAILK<>Al.-
143
111
-I
<li><
\
.
,
r,
.
<i
in
1>
1
m
•
I .i
OK DIVID1
Mlles Date 81/.
Amount
Par ontotondlng' 8^? Po* , w |"' 11 Where Payable, and by
_€tm
For explanation of oolumn headings, Ac, Bee note* of
Payable
Cent.
Road. Bonds Value.
on first page of tables.
$500
1,000
1,000
A
1890
odd
og
M.
A
8.
5
g.
J.
A
J. Phlla.,
g.
J.
A
A
A
A
1,000
Wiseat. Water*. <f farm.— let M.. $1,000,000, re0*
deemable after 10 yearn at 105
1901 100 Ac.
3-- 1,
531,800
J.
l.a-t
Dividends.
1907 1887
1931
~ do
do
-.
MM
D. Phlla., K.ad'g'I
%*
4
1887
1892
1897
ft.
8
8884,000
408,000
30,000
M., rail In 1907, Int. guar..r
88
88
General M., $l,0(>0,oo(>. g, \>.\ 1. go .end. 1'eP.r
rly. V. 06, p. 950
Car trust certs., due Wilmington & Weldon
Hkk Atlantic COABI Lot k RR.
103
Winona Rrutge --lHt M., gold, f.. r'd. at 110.F
WUming. 4 North.— 1st
m.
Autf. 1,
FirstN. Bk., Wllm.. Del. To Nov., 1908
N. Y., J.
Walker A Son. Sept. 1,1915
Real Estate Tr.
July
1,
1931
July
Jan.
1,
1,
1948
1950
Wisconsin Central Railway—
100
100
16,147,900
11,267.200
1899
1900
1901
1902
1,000
1,000
1,000
500,000
3i«g. J.
489,
4
535,000
5
1888
1882
1,000
1,000
Common
stock, $17,500,000
Pref. stock, 1 per cent nou •cum., $12,500,000
6'
let gen. M., gold 127,000,000 Vm
Minn. Ter.
g., suhj. to call at 10ft after 1910
to call at 105.1 >
Manh.6BE.dlT. lata
Equipment trusts, due (60,000 yearly. .71 1>
M
ftn EXCRAHGaD.
alTII
Chte.Wi-e. ii~in A Minn, 1st M gold, assumed. o'
Mllw. A Lake Win. 1st ruort.. Mid, assumed. ..o*
IUnkkklyim. Sic
,
1
(
all
equally.
Wor. Nashua A Roch. RR. bonds.
do
do
do
I
)
I.
do
do
do
do
do
do
1
33
..o*
...c*j
122
66
416
54
246
9
94
47
47
47
47
1879 500 Ac
1895
1,000
1900
1,000
1890
1,000
100
1886
1,000
1893
1,000
1890
1,000
L896
1,000
{68,249. V. 67. p. 224; V. 76, p. 160. Year 1902. gross, $68,899; net.
23,609; Interest on bonds, 23,070; bal., sur., #539.— (V. 76, p. 160.)
Wllkcubarrc A Scraiiton By. fMI Map Central RR. of N. J.)—
Owns from Hcrauton to Mtnooka Junction, Pa., 5 miles, of which 1 4
miles Is double track. Leased from May 1, 1888, to Lehigh Coal. A Nav,
Co. (see "Miscellaneous Companies'*) during corporate existence
less one year, at $17,f>oo |>,>r annum and taxes. Lease assigned to
Central of N. J. at 6 per oent on cost of road ($1,089,532) ana taxes.
Lehigh Coal A Nav. Co. holds all the stook.
\\
MllnniHporl A North Itraix
li
It
It.— Hall's
to Satterfeld,
Pa
,
lir., 45 miles; leases Eagles Mere RR., B miles; total, 53 miles.
Stock lautborlzed, 12,000,000) common. 8938,382; preferred. $400,000; par $50. The 4Ss of 1901 ©over the road mid 3,000 acres of
coal lands In Sullivan Co., Pa., $250,000 being reserved for extenWere canceled. V. 72, p. DUO. 1280.
sions. The old
Gross, $166,2^5; net, 84
Eahninob.-I 1 mos..> 19' 2 :i
.Gross, 119,400: net, 43.110
(1901-2
JnlylioMaySl
mos. charges. $1 1,789 In 1903, ag'st $16,93 In 1902.
Burpius over
Year ending Jane 30, 1902, gross, $132,437; net, $49,279; interest,
in 1900-01. gross, $115,278;
834,605; balance, Burplua $14,675.
net, $39. 576. President, B H. Welon. Hughes ville, Pa.; Sec andTreas.,
and
M
1
i
1
Y.-(V. 71. p. 80S; V. 72, i>. 676,990, 1881.)
Aua;. Kit.— See Atlantic Coast Line RR. of S. C.
Wilmington A Northern Kit.—Owns Wilmington, Del., to
Highs Junction, Pa., 71 miles; branches, 17 miles; total owned, 88
Reading, Pa., etc., 4 miles. General mort. bonds are
miles;
rsttuort at maturity, stock authorized, $1,500,000;
reserve*
H.
C.
Adams,
Wll. Col.
N.
A
i
0.000; par, $.".0. The Reading Company owns prar:iat<ral
ttoally the entire capital Btook, whleh is deposited ni
Read. By. for 999
trait mortgage. The road is leased to the Phlla.
Feb. l, 1900, for Interest on 8760,000 bonds and 3»« p c.
years from
7.70.0.127,998; v. 71, p.
dlv. on stook, payable quarterly (Q F-18).
758. No report since 1898 In V. 68, p. 1021. (v; 78, p. 840.)
A
A Wi'ldiui Kit.— See Atlantic Coast Line RR.
Itrldue Hull way .—Owns bridge between Winona,
03 mile; opened Sept. 1, 1891. Le.
Minn., and Buffalo, Wis..
igo Burling
Winona A Western,
tonA Qiiincy for 30 years. Bto< k. -$400,000: par,$l00. Year ending
Ulliiiiii^liiii
Winona
1
I
gross, $21,223; net $14,562; charges, $19,594
In 190001. gross, $20,152; net, 816,560.
Winona A Western Ry.— On Sept. 12, 1901, sold to Wisconsin
V 78, i>. 617.
Minnesota A Pacific Ky
R. — Wiscasset, M. ..
WtaO^eSWl *» atervllle A I'll III t imtn n
to Albion. 43 Lj miles (2-foot gauge); also partially OOnstrooted from
Weeks Mils west to Farmington, etc, Me., about 50„mtles, of which
14 miles to Wmslow are In operation.
A consolidation In 1901 under -pedal act of the Maine Legislature
Of the Wiscasset A- Quebec RR (see V. 71, p. 603; V. 69, p
185), Watervllle i Wiscasset UK. end Franklin somerset A Kenne
eoRy.-V.73. p 898. BtO«k autnori/ed. $1 ,0O0,(). 0; par of shares,
E.
$100. The Real Kstate Trust Co of Philadelphia Is mortgage trustee.
Jnne
30, 1902,
def., $5,032.
•
K
President, Leonard Atwood, Bullitt Bldg., Phlla., Pa.; Tre*8., J. H.
Gould.-(V.
p.
73, p.
392
)
Wisconsin Central Hallway.— (See Map)— Sv.stkm
extends
from Chicago to Ashland, Wis., and Lake Superior Iron mines, also to
liy the extension to Manitowoc ami
Ht.l'aul and Minneapolis,
ferry across Lake Michigan, connects with the Pere Marquette and has
a short line to the East. V. 63, p. 117. The system inofudes:
Lines owned.—
Mites,
Lines owned.—
Mile*.
Ohio, to Trout Brook Jet.. Wis. 452 Other branches
49
Abbottsford to Ashland, Wis.. 133 trackage to Chic, Minn., etc.. 32
Rugby to Milwaukee, etc
34
Branch to Bessemer
28
71
.-purs to Industries (60 miles
Stevens Point to Portage City
unoperated)
Neenah toManttowoo(14 Jntly) 44
167
33
Marshttchl to Ni koosa
Grand total duel, spins operated 102 miles and unop. 65 m). ..1,043
Organization.—Successor July 18, 1899, of Wisconsin Central
Co. after foreclosure per plan V. OS, p. 728; has acquired by d<
I
the leased
lines.
securities.
V. 70,
V. 6", p. 29, 83, 133. 182. See application In full to
p.
list
433.
Stock— Voting Trust. — Both classes of stock are Tested in the voting trustees, Gerald L Ho\t. John Crosby Brown, William L. Bull,
Fred. T. Gates and Francis K Mart, for H\ e \ ears. The voting trusteemay, however, dellvi the stork at any earlier date. After 1 ]•
dividends on both common ami preferred shall have been paid In any
year both shall participate equally in any further dividends for suon
year. After the termination of the voting trust the pfefera
I
nave the right to elect a majority of the directors whenever for two
successive years dividends upon the preferred at the r ite of 4 percent
per annum shall not have bet n paid in cash.
Bonds The new 1st gen. gold 4s ($27,000,000 authorized) are
secured by a mortgage upon all the lines of railway, terminals, equip
ment and other property a Quired thereby, and also by deposit of all
securities owned or acquired under the plan; in July, 1901, $2,245,000
were reserved to retire underlying bonds still outstanding, and about
8115,000 remained available for betterments, purchase of equip-
—
g.
M.
J.
J.
J.
N.
776,000
6
604,000
6g.
658,500
5g.
951,000
5 g.
A.
3,960,000
100.0OO
A.
3,099,800 4>«ln'03 J
150,000
511.000
735,000
380,000
J.
i*
May
fork,
Maltland, Coppell
A
ft
i
Wis. Cent. Kit. con. M.. 1st series, (fold, ass'd.cAr
A
Wisconsin rf Mich,— 1st M.,g., *15,0oo p.D
Wxsc.Mmn tl I'nnnr ftl M. (see tuxt i, gold. Iff e.o*
Woonsofkrt it I'asc — 1st M., Int. go. Ityof Woon c
Worcester Nashua* Rochester- Stock ($3, 600 000)..
Wor.ANas.
llstM. of
79 secures
All
,
July
<
Mch.
A
A
A
A
do
do
Bon T P I t
J.
O. C. G.W.oft
O. R. I. Hoe. tr. Co., Pro v.
O.
I
July
Jan.
Jan.
Oct
oct.
Am. Loan ATT. Co. July
Bos.,
1, 1951
1, 04-11
do
do
do
do
do
do
do
do
1918
1912
1900
1945
1950
1910
1,
1,
1,
1,
1,
1,
1,1903,3
July
Jan.
Jan.
1,
1,
1,
Oct.
1.
1908
1918
1930
1934
ment, etc. In May, 1900, made a purchase money mortgage on Mln
neapolls terminals to Minneapolis Trust Co., as trustee, to secure
$500,000 of 3 1* per cent bonds, and In May, 1901. on the Marshtleld A
Southeastern Ry., Murshtleld to Nekoosa. 33 miles. V. 70. p 896; V.
78, p. '.'37, 1035; V. 73, p. 851. The three series of underlying bonds
(Bee table above) were assumed in Apr., 1902. V. 7.">, p. 734, 1204.
Oenkral Fin ancf.s.— The reorganization provided $5,060,257 for
new equipment, improvements, expenses of the reorganization, etc. In
Mar., 1901, $908,000 additional first consols. Issued for Improvements
were listed, making total outstanding $24,635,000. V. 72, p. 628.
i: VKNING8.— For 11 months ending May 31:
11 in '<«.—
Oth.inc.
Net.
'
Interest, etc.
Bal. sur.
$2,208,726
$34,005 $1.61
-.29.988
1,927,156
23,055
1,564342
38a|869
Ki POBT.—Report for year ending June 30. 1902, al length, was In
V. Its, p. 727,741; see also edit., p. 707. Of the total freight traffic In
1900-1(3,437,902 t< ns) 2707 j>. c. was Iron ore and 26*83 percent
Lumber and forest products. Iron ore contributed :»-<;7 per cent of
the ton miles hauled and B"57 per cent of the freight
\
,-rage
t ton mllo In 1901-2, 709 mills, against 971 mill- n, 18934.
....$6,045,333
1901-2
5,480,397
i
1901-2.
Gross earnings
Operating expenses
-mings
Total net income
Fixed char., taxes,
.
1900-01.
$6,041,470 $5,324,27
3,883,374
3,446,463
I
3,5
-
(5.480
.173 $1,882,574 $2,064,758
1,715,068
etc.
1,636.455
1,571,843
Sur. for the 12 mos. of
$4S0,105
$246,119
$-192,915
luiu'.CTORS.— John Crosby Brown, William L Bull, James C. Colgate
raid I,, iioyt, k. w. siiei.ion and Josepb H Dale'
Fred
rk: Francis U. Mart, Boston: llenrv F.WhltOOmb and Howard*
Morris of Milwaukee; William F. Vilas, Madi-on, ••
i
Chairman of the Board, Win. L. Hull; President, Henry
F Wiiiteoiub, Milu auke-; Comptroller and Auditor, Robert Toombs
Milwaukee; Treasurer, William K. Hancock. .Milwaukee; Secretary
Mori is, Milwaukee; \-st. Secy, Jo-.
York
N. V. oillee, 8i K \ change Place.— ( V. 75, p. 727, 732, 7 11, 1J04.)
\VIm< uiikIii A
'I IcIiI-jim
Ry.-Owns from Faithorn Junction. Mich., on Minneapolis St. Paul & Hault Ste. Marie Railway,
to
Peshtlgo, Wise., 67 miles; trackage, H miles. Kxtenslon from Faithorn
.!( t. to Qulneseo. 16 miles, 1b to be
opened August, 1903. Opei
trattlo Jan. 1. 1895. From Peshtlgo oars are taken by Lake Michigan
Om Kerry Transportation Co. to Chicago. Stock authorised and
1,500; par value, $100; current liabilities June 30, 1902
l.
I. a-t coupon paid was that maturing July
1, 1898.
Apian
to scale the rate of Interest was proposed, but no result had been
readied in Jan 1903.
In 1901 02. gross, $100,347; net, $4 703Charge*, $55,642. Pree., J. P. Hopkins, Chicago.— (V. 66, p. 185.)
\VI*cmi»tii Tliniicnotti A Pacllic Kit.— Red Wing, Minn to
M.uik. ito, 95 7 miles; Red Wing to Zumbrota, Minn.. 28 111.; branch to
Clay Banks. 3 111.; Winona, Minn., to Osage. la., 115 m.; 81mpson
Minn., to Rochester. Minn.. 7-5 m.; total. 246-2 miles. The above mlW
ago Includes the Duluth, Ked Wlni: A Southern Ry., 28 miles, purchased
inly 1. 1901. and the Winona A Western Ry., 115 mill
d Sept.
12, 1901, a 30-iulle connecting line from Zumbrot
I
,
.
pleted In the Fall of 1902. Stook, $4,06o.O<>0. all owned by
the Chicago (ireat Western Ky., which eoinpanv operates tlo- road as a
part of its system under an agreement dated Apr. 1, 1901, running for
100 years, providing that all net earnings above h
bonds
shall go to the Great Western, the accounts of this road to be
kept
v. 73, p. 566.
ately.
i;ki
For the year ending June 30, 1902, the earnings of the
Winona a Western. ll"> miles, being Included from Sept, 12, 1901
only, wi
$478,411; net. $205,351; lntei
100; rentals'
B89; bal sur.. 881,088.—<V. 73, p. 844.)
oKT—
,
Wsrmttl
via
Nashua
NhhIiuu
to Roche-t.r.
A H<m holer
It
It.—Owns from Worcester
miles. Leased for 50 years from Jan. 1,
1886, to the Boston A Maine; rental $250,000 and taxes.
Divii.km.s- ) 1887-93 "94 '95 '96 '97 '98 '99 '00 '01 1902. 1903.
'it
< 6 yearly
5
5 5
5 5U 4*9 4 5\
5
4U
The Jan., 1903, dividend was reduced to
p. c. and balanoe of
lloatlng debt paid off; In July 3 p. c. was paid
104.
Total profit and loss deficit June 30. 1902. $3?5.702. Current liabilities July 1, 1902. $73.040.— (V. 76, p. 104. 1409 )
rl-IU-vlllo A Temilllc It H.— Tennllle
lawkinsvllle
_
76 miles, of which Dublin to Hawkinsvi:
w»s former
Oconee
HR., merged Feb. 1.1--9
V 69 p. 1S9. Stook
common, $230,000; preferred. r70.000. Par of shares $25. Cent, of
Ga. Ry. owns all the preferred and
>f the common stook.
Dlvldei
ere paid on bothstooki at rate of 7 p. c; 1900, Jan.,
Mine. 1900, 4 p. 0.; Dec,3>t P- c; 1901, June. 3 p. c: Dec.. 3 p
1902. July, 3 p. c; 1903, Jan. 1, 3 p. c; July, 5 p. c, inoL 2 extra. For
year to June 30. 1902. gross, $143,495; net, $48,620; taxes and Improvements, $11,763; dlv., $1S,000; baL, 818,857. Pros., A. F. Daly,
-.i-i
m
W
-
;
Tennille,
Ga— (V. 68, p. 189.i
Zaneavllle
8c
Ohio River Ry.—See
Ohio
A
Little
Kanawha Ry,
C
144
INVESTOKS' SUPPLEMEOT.
[Vol. LXXVII.
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COLUMBL
oj^^vpnuvi'tow-n
-U'olimiliia
July,
RAILROAD STOCK8 AND BONDS.
1903.]
1.1
I
CL.EVELANL
'*V
I
N
P
S Y
N
L
V
ui
O
HARRlSBURC
"21 (JrbaiW
»H\LADELPHI,
/
Zaii<'-s\
ill'-
----
X
!
^
I
-^
OAV.T.
JElkins
r^VASH,INGTON <
<„-,
X
/
/nil
1
CHARLESTOf
,
C2
">..
N
Vl
/
1
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\J
\*«.>J:7 o, "»c
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7
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• C°'
fl.»villa
/
.CHARLESTpi
'-HARLPSTpN'
Jlilli-i?
<<$*
S^
V
i.-l.lr
'"Lyons
V
\
^Tbrunswick
v.
ft Feinaiulina
l^^-.
MAP OF THE
^^JACKSONVILLE
{
/
»
Lfve*Ct5
krka
^
St. Augustine
Gainesville
Cim>\
SOUTHERN RAILWAY
SYSTEM.
illc
r-
Southern Railway -owned or (eased
Operated separately- Majority Stock Owned.
» Other
I
Bartow
CO.
lines in
which the Southern Railway
Principal Connections.
= Trackage
Rights
is
interested.
l
,
146
LNYESTOflS'
SUPPLEMENT.
[Vol.
LXiVii.
—
MISCELLANEOUS
The following pages (Nos.
found on pages 166 to 171, whi]
14?
to
COMPANIES.
Sum.- additional statements will be
i?l.
other industrial!
I65oontain the Leading Industrial oompaniei
to still
MI-< K1.LANEOU8.
l:
For explanation of column headings, Ac, see notes on
Bonds Value.
tir-t page of tables.
Adams Express— HUnik.
mor
Collateral trust
.1
Amul
k,
1
Amer. Aaricul.
Pref.
1898 500
.Tie
AUii-Ohulmerg -I'liiiHiiuu -'
Pref., 7%, cum. (as to
isets
a-
0,000, text
d
$155.000,000
-_'0.000,000.
1
>ct-<
p.
American Alkali— Stork,
coin
and
div.
1
$20,000,000..
OOO
D
Pref.. 6 p.c, en
ri<>
paid In)
Preferred
.-^tock,
sinking Hunt
Pref. stock,
7
p.
coam
Mock, common, $(5,000,000
Preferred,
p. 0. onm., $3,000,000
- stock, common, $4 000,000
Preferred stock. S ncr cent, cum., $3,000,000
Debentures. $2,000,000, gold, red. at 105. ce
1902
1.000
Acetylene.—-.,, Medio Gas.
v. 01, p.
Adams
p.
1,001)
100
4
1107; N.Y. Carbide
Acet,
TOT.
rcxprc*».— Organization.— An association formed In 1854
but not Incorporated, operating on about 35,000 miles of railroad, including Penn., C. B. A ()., Clies. A Ohio, N. Y. N. H. A H., etc
Bonds.— In 1898 treasury securities were pledged with Met
Tr. ( '<>. to secure (subject to prior indemnification of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 p. c. bonds.
These last were then distributed as a 100-p. o. dividend. V. 66, p. 470.
Dividends.— Long 8 p. o yearly, but reduced in 1898. on payment
of 100 p. c. dlv. in bonds, to 4 p.c; in Dec, 1900, to June, 1903,
yearly, and In Mur. 1903,2 i>. c extra from the sale of oerta
estate. V. 76, p. 436. See V. 06, p. 470; V. 73, p. 1265; V. 76, n 18
I
436
;
V. 77 p. 90.
Albemarle
Ac Chen. Canal.— See page 166.
Alltn-ClialmerM Co.— organization.— Incorporated In N. J. on
May 7, 1901, to manufacture heavy engines, mining and otter ma
chlnery, oomblnlng Edward P. Allis Do. of Milwaukee, Frasor &
Chalmers of Chicago (V. 72, p. 1137); Gates iron Work-.
Dickson Mfg. Co., Soranton, Pa eto. v. 74, i>. 1144; $2,600,000 was to
Properties taken i\
DO expended in doubling the All Is plant
April 1, 1901, right- ot Btook, eto., see V. 74, p. 1141. Venullyo A Co.
of New York were interested. V. 72, p. 874, 937, 990.
Dividends. -On pf., 1* p.c, July, 1901; Nov., l'JOl, to Aug., 1903,
7 p. c yearly (1-U p. e. iJ.-Fj.
Btook, Bftc.—Preferred entitled to 7 p. c cumulative dividends and
a further preference of 1 i>. c. non-onm. after 7 p. o on common, into
which it Is convertible, $ for $, on May till 1921; no bonds.
ST.
Pint report for the year ending April 30, 1903, was
at length In V. 76, p. 1852, showing: Net profits over depreciation.
etc, $1,653,676; dividends on pref (7 p. c), $1,137,500: bal., BUT.,
$516,076. Chairman of board, Elbert H. Gary;
Pros,, Charles Allls;
Fust Vlco-Pres. and Treas., W. J. Chalmers; 4tU Vice P. and Sec, Jos.
aman. OItU'0,71, Broadway, N. Y.-(V. 76, p. L194, 1352.)
Amalgamated Copper Co.—Organization, Etc.— Incorporated
on April 27, 1899, In New Jersey and purchased control ol Anaconda
Cop. Oo. fv. 67, p. 958), Parrot! Silver A Cop. Co.. \\'a>hoe Cop Co
Obi Bmeltlng, Bost a .Mont Don. Cop. a- Sllvei Mm. Oo. and Butie A
Bos. Consol. Mm. Co., eto. Sec statement to N. Y. Stock Kxohange
showing securities owned, etc., V. 72, i>. 1281. Stock wain June, 1901,to be increased from $75,000,000 to $155,000,000, to
purcli
ES Of the two last-named companies, per terms V. 72,
p. 1082; balance unissued reserved to acquire remaining shares of
a iieiu/.e |a pending. I Dec
those conn 'anies. Li ligation with
amber, 1901, and January, 1902, the prtoe of copper was reduce 1 from 17 to 11>« cents per pound. V. 73, p. 126."), [314. See also
V. 78, p. 1283. see V. 73, p. 664, 728, 844, 1161,1206, 1S65. As to
1
.
.
,
,
I-',
i
United .Metals Selling Co., Belling ageucv. see V. 76, p.
The only bonds are Bos. A- Mont. 7s. $60 i.mni, duo *lo0.000 yeorlv.
1,000, due Apr. 1, 1917.
beginning 1902, and Butte A Bos
V. 72, p. 1281. See V. 71, p. S45- See V. 72. p. 777.
IM\ blends, 2 p. c. iiuarterly (Q.-J.). Oct., 1899, to July. 1901, Loth
lnolu. In Oct., 1901, 1»« p.c; in 1902. Jan.. l p. c; May, 1902, to Aug.,
1903, both inclusive, Ha p. o. quarterly. See ofllclal explanation. V.
73. p 1314. SeeV. 73, p 664,773.
Earnings of constituent cos. year ending June 1, 1903.— V. 77, p. 90.
Officers.— President, Henry H. Rogers; Sec and Tr. .- William <;.
Rockefeller.
Directors. H. B Rogers, Wm. Rookefeller,Wm. G
feller, A. K. Flower, P. P. Olcott, Robert Bacon, Jas. Stillman and A.
C.Burrage. Ottice, 52 B'way, New York.— (V.76, p. 33.2; V. 77, p 90.]
.
I
American Agricultural Chemical Co.— Organization.— Inoorporated in May, 1899, in Connecticut, under special charter, and
acquired control of fertilizer companies (including Listers' of New
ark) named., in V. 68, p. 974. and V. 72, p. 672; V. 73, p. 664 V. 75. p,
241.292,440; V. 76. p. 867. See V. 71, p. 545. Dividends on preferred Oct., 1899. to Apr., "03. 6 p. o. yearly (A. A O.) Bonds, $25,000.
Rki'ort.— Report for year ending June 30,1902, In V. 75, p, 440,
showed: Total net inoome, $1,605,705; Improvements, betterments,
etc, $462,980; div on pref. 6 per cent. $1,028,754; balance. $113,971.
Pres., John F. Gibbons, New York; Sec, Albert
French; Treas..
Thomas A. Doe. N. Y. ottice, 26 Broadway.— V. 76. p. 707, 867.)
American Bank Note Co.— Incorporated in N. Y. in 1858.
'03,
DIV8.- ; 1892 to '94 1895to*98. *99. 1900. '01. '02.
Percent.) 8 yearly
6 yearly
7
6
6
6 Incl. June, 3
Payable 1 p. c each in M. A S. and (2p. c. each in J. A I).
Chairman. Aug. D. Shepard, 78-86 Trinity PI., N. Y.— (V 76, p. 214.)
American Boot Sugar Co.— Incorporated on March 24,1899.
Dividends paid from Oot.. 1899, to Julv, 1903, both Inclusive,
Q.-J.) See prospectus In V. 6S, p. 280
6 p. c yearly (l 1
Sugar" item, V. t>9, p. 1249. Report for calendar vear 1901 in V. 7 1,
showed: Total income. $3,521,048; profit from operatloi
723,
S.
19; cost of maintenance, $362,711; profit of campaign. $491,307. Estimated earnings for year ending June 30, 1903, in V 76,
showed: Profits of campaign .$725 671: expenses and interest
000; depreciation allowance $63,938; div. on pref. (6 p. ©.), $240,000;
bal., sur.. $77,733. Pres., Henry T. Oxnard: Treas., John E. Tucker,
(V. 74, p. 8a5; V. 76. p. 812.)
32 Nassau St N.
;
(
^
,
Y—
A O
N. V., oitice,
ig 31, '03. >*
26 K'way. Apr.
By
1, '03,
3%
J'ne 30/03,2%
check.
:
Checks mailed.
July Y,' 63,
M. A
S 8ept, 1902, Int. not pd.
See text.
7
8ee text M'nthlv N.
6 la 1903 Q..-J.
,
8 In 1900 M.
g.
.t
uar. Trust Co.
14
Broad
1919
aug.l, '03. *.
.'03,1%
July 1/03, 1>«
N.
St.,
do
A. I
1,
I,
do
I'
do
N. Oir., 86
Bept
Auk
do
do"
V.,
V Hot.
do
17,100 See 1. \t se. text V. Y.. Wlnslow, 1,. A Co.
10,198.600 6 In 19021 J, A I)
do
do
3,00o.
do
4»s g
Q
">2 M. .V N.Trfii
3.81 1. 00
100
100
1890
5g.
9,12
luii
.;
V. 61, p. 1155; Un, Carbide, V. 06.
A..
Q.-J.
30,000,000
30,000,000
6.000,000
3,000.000
4,000,000
3.000,000
2,000.000
loo
too
ommon stock,
$20,237,100
Pref. stock 6% non-onm., sub. oall at 105, $14,502,300
1
Debentures, extended In 1900 (V. 71, p. 237, 1010). .C
tures,
aph -Stock. $4,000,000
America
<
a
9,294,900
100
American OolUm
(hi
Kl\
N. T.. Br.-Exch Bid.
Quar,
Q.-M.
15,000,000
4,000,000
100
ti
American Oolton
Q.-F.
2\
1. '03.
1, 1948
2,40
1,000
lS'.f.)
Preferred Btook, 7 per cent, non-oum., $30,000,000
Uliiclt-
18,163.000 6 In 1902
0,000
100
American Oan- Stock (half is 7 p. 0. cum., pref)
American Oar tt Foundry—Oommon stock, *30,ooo,000.
American
M.h.
legraph Co.
-old jv. 69, p. 896).Uasa.e*
ii
.
Dividend.
York,59BroadWy June
17. 'J!
100
100
6 per cunt, non-eum., $6,000,000
Whom.
Payable
Cent,
See text
12,000,000
* g.
20,000,000
0,000 71nl902
153.ss
t.
"*50
American Hank Note Slock (no bonds)
American Beet Sugar Common stock, $1 5,000,000
Amer. Jatt Til)/,/
American hicych
Ac
10O
100
100
100
100
50
»),000
°
Prlnol
DIVII
.When Due.
Where Payable, and by Stocks— Last
Bats Per
ut
American Bicycle Co.— Organization
00.
2.
\|.r. 1,
4%
1905
June 1,'Oi, 2%
June 1/03,3%
1,
v
—Incorporated
1915
15,'03.1%
In
New
Jersey on May 12, 1S99. and acquired concerns mentioned in V. 69, p
177. 493. including Pope Mfg. Oo. (Columbia bloyole), Crawford Mfg.
Co., West'n Wheel Work-. Automobile A Cjole Pa) ts Co.
V, 72
537), ate See application 1o list. V 7'J. p .536, and V. 73, p. 782. 1358"
plea v. 75, p. l nil. on Bept 3, 1902, Albert a.. Pope. K. Lindsay Coleman and John A. Miller were appointed receiver*. V. 75, ip. 499. In
I'eb.. 1908, the l'oj.e Manufacturing OO. was incorporated to acquire
lie properly alter foreclosure.
V.76 p. 644. 812, 974, In Apr, 1903,
be eeeivers were authorised to aooi pt the offer of $3,500,000 by the
reorganization oominlttee for the personal property. V. 76. p.
Ki.om; vm/.ation.— The plan in V. 75, p. 1401 issued by the oommutee consisting of Wm. A. .Read. Chairman, Geo. F. Crane, Colgate
iioyt. k. s. Bmlthers and Qeo. W. Young (depository. Central Trust
Co. of New York), has been 'declared operative. It provides for the
new company or the following seeaxities: *io,ooo,ooo
Issue by
common, $2,500,000 ilrst pref. <; p. e. cum. (subject to call at i 10), and
si'.o.ooo.ooo second pror. 5 P.O.. cum. after 2 years from Feb. 1,1903.
The debentures will receive par in new second pref stock anil the old
preferred and the old oommon 60 and 25 per cent, respectively, in
new common stock, and In addition $9 each per share in now 1st
pref. stook foraoa
tent to be paid in 3 equal instalments,
the third being payabli Mar 2, 1908. There Is to be a live- year voting trun. in Dot, !:»o2. *.".oo. moo on, -\,.;ir 6 per oent receiver's certificates were autliori/.ed.
V. 75, p. 850; V. 76, p. 267.
Stock authorized, common, $-JO,0O0,0O0; outstanding, $17,701,500;
parol shares, $100; pref. 7 p. c, cum., and bonds, see table above
U. port for year ending July 31, 1901, in V.73, p. 782.
I
l
i
i
.
Offickrs.— R.
L.
Coleman, President— (V. 76,
p. 1302.)
American (an <'<>.—< >u<; imz vtion. - Incorporated in New Jersey on Mar. 19. 1901, as a consolidation embracing, It is said, about
- .. per cent of tbo tin can business of the country,
including about
loo concerns. See partial §Ust, |Y. 72, p. 682, In 1903 operated 31
fact ones, one or two machine shops andjtwo detlnnlng plaj
76. p. 96*. Morts assumed, $113,000. Moore Brothers are interested.
Report for year ending March 31, 1903, in V. 76, p. 969, showed net
earnings from operation, 6886.711.
Chairman of Board, D. O. Keid; Pres.,F. A. Assmann; Treas. A Aud.,
F 8. Wheeler; Sec& Asst.Treas., B. H Ismon, 11 B'way. Directors
Apr., 1902, V. 74, p. 885.— (V. 76, p. ;»74.)
cm
American Car A Foundry.— Okoanization, ICtc— Incorporated
New Jersey on Feb. 20, 1899, as a consolidation of the MichiganPeninsular Car, Onio Falls Car Mfg. etc., mfg. freight and passenger
ear.. V. 68. p. 280, 377. 1029; V. 71, p. 86. j<f; V. 73, p. 958.
Dividends on com- \ 1900.
1901-1902.
1903.
mon
)lp. r.
2 yearly
1 p. c. quar. (Q.-F.)
is...v.
earnings forlOmos ending Feb. 28, $5,900 971 in
walnsl $2,806,1 18 in 1901-2. V. 76, p. 753.
Report for vear ending April 30. 190*, was in V. 76, p 1405, showearnings $7,059,9u2; <lividends on pref stock (7 p. c), $2
o; on common (3 p. c), $900,000; surp
•.(02.
Okfui as I're-., I're.i'k II Katon; Chair, of Bxee. Com., YV. K. Rixbv;
Treaa.,6. 8. DeLano; Beo., D. A. Blxby, 8t Louis, Mo. Direct
72, p. 1239; V. 74, p. 1357. N. Y., 25 Broad St.— (V. 76, p. 920, 1 10
Amcricaii Cement Co.— See page 166,
American Chicle <'o.— Oko vniz vtion —Incorporated In New
Jersey On June 2, 1899, and consolidated the leading die wing gum ln-V.68,p.871, 1130. See V. 71, \yjtj. Dlv.: On pre:
July, 1903, iv« p. c. QU, ;6 i>.c. per an.). Common 1 ^ p. c Oct., 1899;
p. 0.; 1901, 8 p.c; 1902, Jan., 2 p. c; Apr
1902, to Julv.
bothlnoL, 1 p.c. monthly. Net earniugs in 1902 3 over dividends
00) were $776,000. Pres, W J. White, Cle
bo. and
II. Rowley. Olllce, Park Row Bldg., N. Y.— (V. 71, p. 1141.)
American Coal—See p. 166.
American Cigar Co.— See American Tobaooo Co.
\ me r Da n Coi ion c,,._ >Bti \ni/ vi ion. —Makes and leases a patented machine for producing oyUndrloal bains of cotton. V. 68. p 321
12 03 bandied 520.ooo round and 60,000 square bales,
s
npanles also buy square bales and buy and sell cotton seed.
In Jan.. 1902 over a majority of ea
u deposited
with a protective committee (Cornelius N. Bliss. Chairman, am.
w°lnff,20 NassauiSt., Beo.), under an agreement continuing for three
years. See V. 73. p. 1266. All accum.dlvs. on pref. stock p
Nov., 4 p. c 1900, 8 p.c Action on dividends was deferred in 1901.
v. 72, p. 1240. As to $2,030,000 debentures ol 1902, -.-e V. 75, p. 31.
Year 1899-00, gross, $522,142; ue
chairman, James G.
Cannon, New York; Pres- J. P. Cooper, Boston, Mass. Directors.
V. 7%, p. 1240; V. 75, p. 734.-(V. 75, p. 734.)
in
t
i
.
I
,
<
>
!•:.
;
;
American Cotton Oil.— Incorp. Oct. 14, 1889, inN. J., to succeed
Amer. Cotton Oil Trust Mas works in various southern cities, etc, for
manufacture of crude and refined cotton oil. lard. soap, fertilizers, etc.
K, BlC- In Nov., 1901, over a majority of the stocks had been
deposited with seemmfttee (Geo. a U rrison. Chairman), with a view
to united protective action, power being given for three years to sell
the deposited stock at 105 for the preferred and 60 for the common.
V. 73. p. 288,724,901; but see V. 74. p. 93s. Dividends on preferred
stock June, 1892, to June, 1903, inclusive, 6 p. c. per annum. On com-
M
.
SUPPLEMENT.
INVESTORS'
11*
I
Vol.
LXXV1I
Bonds— PrincINTEREST OR DIVrDEN US.
MISCELLANEOUS.
_
Date Size, or
ipal, When Due.
Amount
Par Outstanding Rat6 Perl
ot
Where Payable, and by Stocks— Last
For explanation of oolumn headings, &o., see notes on
tmwtauuing c t
BondB Value,
Payable
Whom.
Dividend.
first page of tables.
.
I
.
|
i
^^
|
$100 $18,000,000 8inl902.T.
American Ksprrss— Stock
Amer Hidt d Leather—Common
100
100
1,000
100
100
stock, $17.500.000
104).
(»
Pref. -tock. 7", oum., 817.500,000
1st M.. $10,ooo.<>oo. %., k f., subj. to call at 115. Col o'
Amer. Tee—Com. stock. $25 000.OO0 (V. 72. p. 392, 584)..
Pref. stock. 6%, cam., 915.000.000 (V. 72. p. 302, 534)
ntcral trust bonds, 94,346,000, void. <v
Underlying bonds, lncl. Knickii. 5a due Feb. 1, 18
Amer. Lmteed—PL stock, 7 p. c, non-emu., 016,750,000
American Locomotive— omtnon stock, 925,000,000
(Bonds, sec text).
Pref. stock, 7%. com., 925,000,000.
American Halting.— PivtemA stock (7 i>. o. pref., oum.)
1st M.. $5,000,000, g, sink, fund, subj. to call at 105.0'
American I'ntumahc Ser v ice—Stock, com.. $10,000,000..
1'referrcd, 6 per cent, non cuin.. 95,000,000
American Radiator—Pnt. stock. 7 p. c. cuin., $5, 000,000
American Sttcer fine— 1st M., 92,500,000, l..t all I05.K
American s/npbuiliti na — .«tock, BommoD. 91 5,000,000..
Preferred, 7 per cent, non-coin $15,000,000
Amer. Smelt. <f Rt fining— Common stock. *io, 000,000...
Pref. stock, 7 per cent, oum.. $ 0,000,000
American Snujf Stock, oommon, $1 2,500,000
Preferred. 8 per cent, oon cuin., $12.500.000
American steel FtmndrUe- Btook, common, 920,000.000,
Preferred stock. per cent, cumulative 820,000,000....
American Steel Castings 1st mortgage, gold.G
.
1899
1902
1,000
L899
50
50
100
1900 500
Ac
100
100
100
100
100
100
100
100
1897
;
int. on deb. bonds, $135,000; balance, net income, $2,23^,206; dividends on pref. (0 p.C), $61 1.916: div. on common (6 p. c), $1,214,226;
bal., surplus for year, $412,064, against $75,199 in 1900-1. Profits
year 1899 00. $1,739,449; 'OO-'Ol, $1,244,357; '01-*02, $2,373,206.
Officers— President, George A. Morrison; Vice-President, Robert
F. Munro; Seo. and Treas.. Justus E. Ralph. 27-29 Beaver St.. N. Y.
Tranfer agts., Wlnslow, LanierA Co. - (V. 75, p. 1 lOl; V. 76, p. 1032.)
American Dlntrlt-i Telegraph Co.— See page 166.
American Express*—An "Association" formed under the laws
of New York State in 1859 and 1868. Not an incorporated company.
Operated in Dec., 1900. on about 45,000 miles of railroad in the
United States .Including boston & Maine, nearly all the Vanderbilt
lines. Illinois Cent., etc. In Apr 1903, purchased control of the Westcott Express Co A' 76.p.653,H74. In Apr.. 1901, President J. C. Fargo
was elected a director ot the United States Express Co V. 72, p 777.
almoin since 1882; In Julv, 1901. to July. 1903, 1 p o.
Dlvldei
extra was paid semi-annually from Investments. V. 73, p 1063.
Pres., J. C. Fargo; Treas., James F. Fargo, 65 B'way.— (V. 76, p. 974.)
American Hide A Leather Co.— Organization.— Organized
,
V
69, p. 493.
In Jan., 1901. said to control
about 75 per cent of the upper leather output of the country, Including
companies mentioned in V. 68. p. 925 except Webster <fc Co. and R.
Suhni L. Co. See V. 70, p. 77, and application to list V. 72, p. 673.
Bonds, Etc.— Sinking fund of $172,500 retires bonds Sept. 1 yearly,
If purchasable at 115 or less, or if not will be invested in other securities.
J. & W. Sellgmai A Co. financed the consolidation. Report for
yeur ending June 30, 1902, with balance sheet, was in V. 75, p. 495
showing eai nlngs, including those of subsidiary companies, $1,411,
511; lut on bonus, »5 11,500; renewals, repairs, sinking funds, etc.
$493,134; bal., BUT., $406,877. Pres, Thomas W. Hall; Directors, Sept
1901. V. 71, p. 493; V. 73. p. 495. Office, 96 Cliff St., N.Y.— (V. 76,p.lt4.,'
American Ire Co.— Organization.— Incorporated in New Jersey
on March 1 1, ls99. and in October, 1899, had acquired most of the
910.000.000 stock of the Consolidated Ice Co. of New York (see V. 65,
461) and the $10,000,000 stock of the Knickerbocker Ice Co. of
aine. For list ef plants, etc.. sec official statement, V. 69, p. 793; V. 70,
1168,1271; V. 72, p. 1086. Transacts a
p. 585; V. 71. p. 1014, 1 21
sale and retail business in New York City; Philadelphia, Pa
Boston, Mass.; Baltimore, Mil.; Washington, D. C; Camden. N. J.;
l.akewood. N. J., and Atlantic City, N.J. Litigation, V. 73, p. 721; V.
71, j>. 1068; V 73, p 958; V. 75, p. 395. In 1903 an investigating
committee was appointed. V. 76, p. 595. See also V. 76, p. 1087.
Dividends.— On pref'd Oct. *99, to Apr 1902, 6 p. o. yearly (Q.-J);
In July, li<02. dividends on pref. weie deferred to accumulate workV.74 p. 1857. On com., Nov., '99 to Feb., 1902, incluing capital
sive, 4 p. o. yearly (iJ.-Fi; none since
V. 74, p. 885.
Bonds. - Of the 5 per cent collateral trust bonds, $2, 50 a 000 were
oaed to reduce the floating debt, $300,000 mere in April, 1903, owned
by Die company and $1,587,626 were issuable to et ire underlying
bonds and $3 4. 620 real estate mortgages. V. 76. p. 920.
BJXPOBT.— Report for 1902, With balance sheet, was In V. 76, p. 591.
showing a prottl and Loss dsnoll on Deo. 81, 1902, of 9162,482.
I) Sch..(imi8kcr
I'res't niKl ( IinirniHii), ('. W.Morse of
DlBBCTOBI l"n
New trik l>. U Hunt (Vlce-I're* t) Ol I'Mlarclphln: Wesley M n)er(Vlcei'r.-'t
oi Baltimore Oreo Dennett. John It. B«-nnett K. vv
kms Vice1'ri'nn
Blake. E. D. Halej (1 rea«.) Henrj ii. Head mid Hubert a. 8<ott,
d St. New York.— iV. 7«. p. 591,61*6, DL'u, I0a7.)
secretary. OfBOr, US Kn-t
American iron A: Steel IHI'k.— Seep. 166.
'
&
l
,
;
,
,
.
i
.1
1
1
.
«
.
i
I
ti
American l.l^lii A Traction. — Seepage 166.
A in erica ii I.limccfl.— Old. iM/.u ion, Etc.— Incorporated on Deo
the
New
laws of
Jersey, an a consolidation of the
National Unseed Oil Co. with the ten leading outside linseed oil companies In the D. B.,perplanm V. 67,p. 1161; V. 69, p. 697. see v. 71,
For list ol plants, etc.. see V. 70, p, 631. Com. stock authorP. 545
kl 6,750,000, all outstanding: pref. Stock as in table.
In June.
1901, Standard on Interests acquired a majority of stock V.76.P 216.
in vi in- m.s.— On pref., June L5. '99, to Sept., 1900, 104%; noi e since
oim
I'.i
Beport for yeai ending July 81,1901, was in V. 78, p 662
98 showing loss from operations oi (1,402,491. Pres., Frederick T.
w. a. Jones,
Directors Sept.. 1902, v. 73, p. r..r >;.; \\ 75.
p. 550. Mam office, 100 William st.,N V.- iV.75, p. 55<
V. Til, p, 214.)
\111erican Locomotive <'<».— Oko vnization.-- Inc. •!].,. rated in
v on June io, .'Oi as a oonsolidatiorj ol the Pittsburg (Pa
s
Locoutiiler
.
i
,
;
1
.
1
motive A- Car Works; Brooks Locomotive Works, Dunkirk, V V Cooke
Locomotive A Machine Works, Paterson »T, J.: Bcbeneotady (N Y.)
Locomotive Works; Richmond Locomotive A Bfaoh Works; Rhode
Island 1.0c Wks.; Dickson Mfg. Co., Scranton. Pa.: Manche»ter (N. II
LOO. WkS. (See list, V. 78, J' BOl. V. 72, p. 11S9; V. 73, p. SSI, ISO, 724.
Di\ iid so.
1.
Dividend on pret i\ p. c. quarter] j, Oct, 190L,
Hooded debl of constlt ueiit COmpanil K
to Julv. 1903, both Inclusive.
in-ill, iioituring N \ 1. r.i.;7: Kin 111 ml
;
)
1
.
.
in.
due Apr
owned
0.
I
Co
1m
I*
7b.
O.0O0
1'
in-
11
;
r
I.
10<
I,
1
W
1
1
.1
1K89 'In. Ill 11-1.1
« i.iifllsi'.
1, of
Interoatlnnal Air Powai Ituode Inland Loc.
k-i
n> 11. bal subject 10 call at any 11
.ii
oanra
1.
1
1
11 iii.d pi i'f.
Amer
l"i
-1.
,<
k
..11
held
fur
In
the
year ending June 30, 19
partly estl76. p.' 109.
1:1 POBT.— First report for 12k months ending June 80, 1902, was In
V. 75, p. 609, showing net earnings, 88,107,177; interest and discount,
at'
raat>
'I
wen
f)32,H 63,780, agsl
13 In
1901-02.
,
sOf.,65
Bway
July
1. '03,
4%
N. V
.
Colonial Tr.
133E 23d St., by check
do
New
do
York.
Sept. 1.
1919
Feb. 15. *02, 1
Apr.l5.'02,li«
Apr.
1,
1920
1,18
mon.lh9M.3p.iv. 1899, 4 p. c; 1900.34 p. c; 1901, 2 p. o 1902,
Dec, 4 p. c; au additional 2% being paid Juno 1, 1903. V. 75, p. 1033.
Hi POST.—Report for 1901-02 at length ;n V.75, p. 1085, 1101, showed
protlts $2,873,206, after meeting expenses of adniiuist., interest. &c;
Jeisey in 1899.
C g. M. A B
See text. Q.-F. 15
See text Q.-J.
2,50s 000
5 g. A.
B.216,000
25.0iki.ihmi
15.000. (Mil
1,00 J
,
New
J. N\Y.,Co.
12,54
100
100
100
100
.-.
In
&
11,274,100
>3.
V
1
1
I
in 1902
16,750,000
25.000,000
24,l0o.ooo
in 1902
14,440.000
"*6g.
3,861.ooo
5,805,650
4*837,500 See text
3,000.000 7 in 1902
Q.—
Q.-J.
J.&D
A
.1.
Tr. Co.
Bv check
.1.
Q-J.
Text
J
Q.
q
text.
M.
1\
1914
May 14/03; 1%
Mch
1920
'03.1%
1.
July 15/03, 1«4
N. Y.. 71 Broad wav. Julv 7,'03, 1\
N. Y., Morton Trust Co. July 1, '03, 2»*
do
do
July 1,'03, 14
N
-m.
Jt
o:),
1.
.in- el,
Cleveland, Ohio.
te>t.
Deo.
Jau. 20/02, li«
-M.
1902
,
Oot.16,'99. lit
&
1902
g.
July21,
F. 15 Off.,Lake ttI)eari>.St.Ch.
S.
N. Y. Kuiuk. Tr. Co.
e g.
7,600.000 See text.
7,900. Oon 7 in 1902
5
Cliecks mailed.
Check from
N. Y., Guaranty
'
1485,500
50.000,000
50,000.000 7 in
1 1. HOI, TOO
See
12,000,000 6 in
15 000,000
15,500,000 See
471,000
Sept. 15'00,1%
N
Y.,
do
74 Broadway
do
June 1/03, 14
Nov.
1.
1912
8105,865; dividends on pref. stock (7 p. c), $1,750,000; additions to
property (balance after charging 8802,151 to current expenses), 81.O27.077; balauce to credit of prottt ana lo-s, s224.23."». (V.74, p. 270.)
Offickks.— President, S. R. Callaway; 1st V. P.. A. J. Pitkin; 2d V.
P.. R. J. OroHs; See., Leigh Best; Treas., C. R Denny; Comptroller. C.
E. Patterson. Olfice, 25 Broad >t.. N. Y.
Directors. June, 1901, V.72,
p. 1240.— (V. 75, p 609, 1356; V. 76, p 104, 707, 1409 )
American 'laliin- Co.— A consolidation incorporated Sept. 27,
1897,in N. J.— V. 65, p. 619; V. 70, p. 478.
Reorganization.- The plan [V. 76, p. 595, V. 77. p 3^ of the
commute., Frederick Uhlmann, Chairman (Standard Trust Co. of
New Y rk depository) provides for authorization of $10,000,0 common and * 000,000 4 to 7 p. c. pref. stock (present issue of ea -h not
ed 86,139,000.) The old pref. stock to receive 35 p. e. in newpreferred and the old common 25 p. 0. in new 00 ten on stock, each
class of the old stock to receive iu addition an amount In ihc ne «
of the same class equal f o the present 6 p c b uids, to be issued from
time to time as they are retired throUKh the -inkin fund as enlarged
by the plan or otherwise. Until 4 p. c. In nuy one year DAS been paid
on the oommon stuck, the holders of the new preferred will elect a maJorlty of the directors. The existing bonds are to be assumed. Opposition to plan. Y 76, p 1409; V. 77, p. 88.
Stocks.— Authorized, $15,000,000 each common and preferred Is
sued, common. $14,500,000; pref., as In table. Dirideiuls—Oii pref.,
Jan.. 1898. to Oct.. 1899, incl., 7 p. o. per an. (1^ Q. J.); none sinoe.
Bonds. Walter Q. Oakman and Geo. R. Turubull are trustee-. V.
69. p. 950. 1013, 1195. Underlying mortgages. $^5C,0C0.
Km rt for year ending Aug. 31, 1902, V. 75, p 1095, showed;
Profits above Interest and $102,516 for depreciation, eto $323,754.
Officers.—Prest, Chas. A. Stadler; Seo'y. P- I> 8. Rethune
Treas.. Louis L. Stanton. Directors, Nov., 190
V. 71, p. 1068; v. 73
p 1063; V. 75. p. 1088. N. Y. office, 63d St. & E. R.— (V. 77, p, 38, 91.)
American Pneumatic Service Co.— Organization.— Incorporated in June, 1899, under laws of Delaware —(V. 68, p. 1130, 1179.)
Is the owner oi the whole, or nearly all, stock of the Lamson Consol.
rvioe Co. (V. 68,p. 1073). the Intern. Pneum. Service Co., eto.
Dividends on pref. stock to Jan 20, 1902, inch. 6 p.e per an.: since
passed to increase working capital. V.74 p. 1309. 1357. Underlying bonds March 31. 1901, $516,000 Lam son sinking fund gold 6s,
less a sinking fund of $161,577. In July, 1903, a bond issue for
$1,250,000 to provide lor Improvements was reported In contemplation.
V. 77. p. 39. Balance sheet Deo. 31, 190'.'. V. 77, p. 39. Arthur
"7. p 39)
8. Temple. Treas., 115 Chaunoy St.. Boston.- (\
American Radiator.— Incorp. in N.J. on Feb. 14, 1S99. See V.
Common stock. $5,000,000; outstanding, $4. t 93,000; par.
68, p. 329.
$100 Dividends on pref May, 1S99. to Hay, 1903, Inclusive. 1 ^ p. 0.
quarterly (Q/F 16), Report for yeai ending Jan. 81, 1903 with bal.
sheet. V 7e, p. 651, allowed: Net profits. $701,094: 7 p. c. on preferred,
$210,000; balance, $491,094. Pres., C. M. Woolley.-(V. 76, p. 651.)
American Sewer Pipe Co.—See page 166.
.
1
t
,
,
,
American Mi pim l<l I mr Co.— Organization. — Incorporaled
in New Jersey on March 16, 1S99, to unite the shipbuilding and kindred Interests of the Great Lakes, v. 68, p. 770; v 70. j>. 896;
V. 71, p, 3 14,1014; V. 73, p. 390. Div. on pref., July, 1899. to July 15,
1908, inclu., 7 p. c. per an. (1% Q-.J.) Firs' div. on common,
p. c.
payable quarterly Dec, 1902. Mar June and Sept 1903. V.
75, p. 734.
Report for year ending June 80, 1002, in v 7 -, p. 730,
showed: Net earnings. $2.5o7,55l; div. on pref., $553,000. dei
Hon and maintenance $420,29 1: reserve for maintenance, $20
">:
mi Buffalo mortgage, $150,000; baL, t
itch.,
\V. L. Brown, Chicago: See. and Treas., R. c. Wei
re.
Diri
v. 73. p. 390. Offices, Cleveland, 0.—(V. 76. p. 384.)
American Smelting A Beflntasj Co — >u.. wi/.vtion, Etc.—
.i. rse;
Incorporated April 1, 1899, under laws of S*
V
a us and operates
plants for the stneltlng
d the
treatni'
"f lead bullion copper bullion ami copper matte in Utah,
Montana. Colorado. Kansas, Nebraska, Illinois, New Jer-ej M>«xloo
nrbere The principal noerohantable produotsare bar gold and
silver, p'l- lead olectrohtic copper and bide vitriol.
Controls the
City Stneltlng .V Ketlning Co., the Omaha «\ Grant Smelting
For list of plants, rights of stook, eto.sei \ 68.1 975; V
V. 71. p. m; V. 76, p 97
68, p. 471, 523; V. 70, p. 232
III Apr
'01 the property of M. Oilggeuhe.
1
aoqulred,
ck being Increased from $27,400,000 each ol oommon and preferred tn $50,000,000 each. The output of lead and sliver, it is
Is now a In it 85 I'll cent of the production in the I". S.
V. 7) p 1271.
circular in V.72. p. 185. V.71.p. V.
Omaha <& Oram Bmelt. lsl 6s. due March 1, 1911, $77 1.000, retlr
able nboiii $70,000 annually by sinking fund, and $191,000 I'ueblo
Bmelt. A Ret l.s, due 1918, are the only bonds
Di\ 1. mis mi prat to July, 1903, inclusive, 7 p. c. per an. (1\ Q-J).
Report. Reportforyear ending April 80, 1902, in v. 75. p. 54R.
•%.• repairs, etc
showed: Cross, $.
dend on rd (7 p. a), 88,500,000; bal., sur., 81,861
.1w Nash (Pres. and Ch'man of Board), Daniel Quggcnheiin iCh'inan El 0»m.). Dane (iuggenheln
omon lintgeniieini. Morris (iuggenhelm, iiinmi QugKenhelm, II. U Higglnson,
ever. i> 11. Moffat, M. D. [hatcher. J. B. Orant,
Oram B Bchley, A.
Ouj (' Barton, Dennis Hheedy, N. Wltherell, i: 8 rowne, \ Ellers,
ii
rrelland Barton Sewell, Vloe-Pres, 71 B^rar.— (V. 78, p. 91.)
A merlcaii Nil 11 II" « «>.— Oito vm/. vtion.- -Incor]>orated in N.J. on
M ir.12, 1900. Am. r Tobaooo and lonttnental Tobacco own $7,500,000
(•ommon and $2,500,000 preferred stooS and have 8 of the 17
directors. For list of properties merged, claimed to have an output
I
I
1
.
.
,
'
,
m
11
1
1
U
.
,
,
1
,
1
km
<
—
MISCELLANEOUS STOCKS AND
1903.|
.
7
MI8CELLANEO!
-
Date
For explanation of column headings, 4c, see notes on
first page of t.i'
Aaier. Straw tloarit
American Sayar
f.,
1
lie
/I
-Common
nlng
cum
Prer. stock. 7 p.o.
Ameriran Telegraph
American Telephone A
tab
t" call.
-
Par
Of
Value.
Amount
45,000,( 00 7 iu
>o,000
109,700,100
OH
o Oo,
8 1> <. nun
Com
.v
.1.
&
N
.1
J.
Host.. Nil!
0,000 Bee tezl
s in 190
i,i 00,000
0,000
in 1902
0,000
96
1
red.l02%.fl
(i
j
do
York.
i/ii-ia
ki mailed.
do
N. V..
10 In
•i.
1919
1,
03. 8
So
9:;
•.
>!
ann Kaeh.- Stoi k. nun
Preferred stock, 7 i>. o oumulatl
Woolen- Pref. stock, 7 i>. c, cum., American
,000
\mrr Writing Paper—Pref. stock, 7 oum ,$12.
<»i« c1st M., s.f..k\, +17,(100, ()(»<). t-ull aft. Ju
Auociated Merchant* Common stock, ij
i*t pref., 6 p.o. oum., $10,0i 0,000, oonvert at par.. text
»',„,/„„.
Jan
S"
—J.
-J.
O.
I
rl.v.,beg.8ep.,'00HIe
,jr.,$l ,000.000, b. r., $20,000
Amer. Waltham Watch Co.—Stock, $4,000,000
i
do
N
1
Pref. stock. 7 per c.-ni, ouninlatlve, £2.000,000
1
.1.
or 4 J.
cum.; prel
p.Al.,
.1
L902
000 autn
Am.Clgar, gold note*, fio.i
V ..Manh.Tr..* B
l
4
10,000,000
>/o"
Amer
1911
L.
do
2
•
7»a
1
A
1
•">
Teltg
i
stock,
bom.
A A
K.
g.
"i.OOO.
si
(uoi
(v. 70, rj
Oollateral trust mortgage, our.
Am. Pell dehen OB. V. 87. P
Aanr. Thread Pref
cuin..g.or4
<•
000. gold or a
Lsl d
3tkblOorp
American T%n Plait (Jo. BeeUNin
I'ref.
n
\\
$316,000
10
1
•
.i
i
Win
Kate pej
Outstanding
IB
BONOS.
Merc Trust
By DOmp
'<
July la
u.
Oo.
-
..
See text
,
S
0.000,000 7
in
1902 ii.-J.15
inty Tr. Co. Julj 15,'
,,
M
pref., 8 p. o. o
Bethlehem meet and Beth. Jm* Ree Q.
Rronklvn- W
Btock. $7,500,000
-
16,88
5
hi
ti
i
Rud.Tr.,Hoboken,N.J,
in
tin
5 in 1902
5,055,000
miii
B.
n.Old Col.
g.
1802
•in
'03,1
H
03.H*
tin
urn
,
r.70.p.588,
1899 of about 15,000.000 pounds oi snail
statemenl to N Y. Stock Exohange, V. 72 p. 62ft, 872;
428. First dlv. on pref.. 8 p o., paid Jan. 2. 1801; July. 1 Up
ldv. on
irlf imi p e c).— j.)
l«ap. c; 1903 to July,
oomraon, JaiL, 1903, to July, 1908, inol., 2 xt p. e. qoar
Report. -Report for year ending i>>'c. 81, 1908 fin V. 76,p. 540>,
bowed: Net earnings, $1,739,617: dlr. on pref
Geo.
dlv. on common (2 *ep o.t, $275 043; bal.. anr., 874i,
a Helme; Heo.. Otis smith. Treas.. S. D. Christian, ill Firth Ave,
ki.
Report for 1902 In V. 76, p 703. 7..o.vi,.
io/i/,<; inc. 31.
1901.
rotal gross earnings
$13,277,457 $1 1.006,8 1
rturpln> over Interest charges
7.M35.272
N.Y.— (V.
of New Jersej to manufacture and sell tobaoc
Deo., 1898, >obl its plug tobacco interests to the new Contlni
bacoo Co., reoelvtnB tnerefoi
00 pref. and com stock of the
latter. V. 68, p B2o
Bee below. [V. 68, p. 128, 11:
aoqulred Union Tobacco Oo
V. 69. p 128;V 70, p 533.896 in June,
1901. mosl ol tin- con mi n stook was acquired bj
which tssni d its collateral tru»t -1 per cent" bonds on
bonds for $100 Btock BeeV 72, p 1137. In Nov., 1901,, juircli
II
[iropertiei
\
He \ !:.'.'
1
IS.
p 1
Ln
i
I
•
.
Idends
..Frederick p Pish. Dlreotoi
(V. 76 p, 58
Ti>i. l.'.o. '
A iner lea 11 'I'll read «'o.— See page 106.
Palo
((
,
75, p. 1355]
\
"7
p.
.
840.)
Aiiiirlmii Boda fountain.— « page 166
American spirit* BMsj. flee Disi u.i.imi. Co.
Amcrli an Met Foundrlc.. Cu-Nr page 166.
Am. strtiw Hoard.— Bee United Mux Board >v Pap.Oo ;V 76, p. 878.
American Bngrar BeAnlnc— a n. J. corporation, suooessor in
Jan., 1891, of the Sugar Refineries Oo. organized In 1887; plan, V.
Capital stook, originally 850,000,000, was
Si
I
the oapital,
1892, to $75,000,000 (naif prer.) to soqufre
four Philadelphia refineries and .i oontrolllng Interest In
Bpreohels's refiner; in California in- been held
tin- Baltimore refiner]
under lease to the " western Sugar Refining Co.," or which the '* trust"
owns one-ball the stock. Beel sugar Interest acquired In Apr
V. til, p. 941; coffee plants, V. 88, p. 1167: v. 64
p. 40; v. 70. p.
Beet sugar refineries in
688. 10.M; V. 71, p. 914; V 72, p 1187
p.m. In
p. 280; V.09. p. 1249; V. 76, p. -07.
June, 1900, three Independent refineries were consolidated as the Mat
Sugar Ketlning Co. (see V. 70, p. 1096; V. 71, p. 3 I. Sec V 70, p.
482,634. 998. 1051; V. 71, p. 186, 237. 699. Independents,V. 7.!,).. 23s.
In 1902 estimated to have supplied about 65peroentof the output
of refined sugar ln the U. 8., as agalnsl 90 p. o. formerly. V. 64,
V. 71, p. 31; V. 87, p. 632; V. 68, p. 1104; V. 74,p 96; V. 76, p. 100.
in
L901 each class ol stook was
BOo.000 to $45,000,000 by sale at par to shareholders. V. 78, p. 617.
!'. ,-t. j
l)i\.
1903.
1802. 1898. 1894 to 1899. '00 '"1 '02.
lo'-j
'Jl'-j
7 Ind M.iv.ri^
7
Common
12 y*ly (3 Q.- J.l 7\
[
Preferred
7p. o. yearly to date; marly all I}. -.T. V" 71, p. llos.
)
in Jan.,
stock of
tin*
l
.
I
our. — No recent report. Annual meeting In l!'0'2,see V. 7(>, p.ltiO.
Bai.vm-k smiktDae.81,'00.
Deo. 81, 1902.
Daw.Sl.'Ol.
,«64
indiuachlm
30,04»5.7.'SO
ui.l debts receivable.
36.S62.702
6
89,111,883
[nvestmts ln otber oomp's
pj.ji
I
Bugar, raw and refined
Ki
i
•
Total aaMtS
$125
8 '".Cll
$122,
$90,000,000
24.958,321
10,871,320
Capital stook
Reserves
16,000
9.W07
Western Onion—wt
American Teleplioue A Telc^rapli < o.— luiUSI/. vTloN.—
Kormci'iy owned the long-distance Lines oi the Amerioan i<>
Qoluding the
phone ('oinpaiiy; in 1900 took over thi> otln
securities owned in local companies (s*e V. 69, p. 826, 907,
and England.
Leased
o
rj
(
circular. V. 70. p. 585.
Bee series of telephone artte
826.1034.12
ipitalizatloD of
p.
He
674,
i>anles,
••
On Apr. 20. 1903
76 i>
Instruments were In ase.agalnBt 2.76 1,620 on \|u- 20, 1902
see V. 73, p 446.555,7*4; V
-
as to Berliner patent, v
pat. 'tits. v. 72, p 677; v 76, p 8
~t .,
p
21
i
Pupiu
Contri
12, 69«i; v. 77. p. 39.
a- T< legrapb Oo., the suooessor to the Brie Tel a- Telep.
1867; V 74, p. 12.271.
In Apr, L902, President Baker of the First National Bank.N. Y.
v
L,p 882,720.
City, and other Ke s \^rn man became dlreotora
Btock.—On June 3. 1001 , the authorised stock was Increased from
to $150,000,000 and on M.ir. 1. 19o3.to s 50,000,01 0. of
$100.000.000
oribed ior by stockholders st par In
the new stook, $20,709 0(
1901 aini 21,937,000 ln P.102. Stockholders of record InneSi
are offered the riant to Aug. 1 5 to sun scribe to about $21 ,950,oo0 new
par to the amount of one r-ha e (or ever] live brld, payable
lii five equal instalment-' on Sept, 22, Nov. 21, P'O
and Jan. 22, Mar.
22 and Mar 6, 1904, or optionally In full on any of »ald dates. This
V 78, p 1856;
will increase the outstandings tock to $131,710,000
V. 77, p. 39. In addition t-7, 1*4,400 is held oy Amer. Bell Telephone
Co. ami 18 virtually unissued.
Dividknos.— On American Hell Telephone stock, previously
peroent yearly, were from Jan 1895, to April. 1900, i"> p. e per annum. The a. T. a- T Co., as suooessor of the Bell,
7^ per cent per annum, viz 2 *j p.o. paid July 16, 1900; Oct. 15, 1 'u
See V. 70, p.
p. c: Jan. 15, 2^ p. c; Apr 15. l j p c.
Boio>&—The collateral trust mortgage of 1899 provides forthe Imequired
mediate needs of toe company and for future extent
and reouree equall] the enlL trusi bonds and the *i 0.000, coo Bell debentures. V. 70. p. 40; V. 72, p. 874. On deposit of additional collateral
further bonds ma] be issued, but to an amount not exceeding
cent of the estimated value of the collateral: and the Issue at any time
outstanding must not exceed the amount of the company's capital
Stock then paid up. V. 69, p. 1195, 124!»; V. 70, p. 40.
Earnim.s. -For 4 tuos. endine Apr. 30. 1903. gross, $5,9JC, r 4'; sur"
plus over interest char»es. $4,179,525.|
ern Telephone
V.
7:;,
1
p
:
1
.
1
,
I
:
]
1
V
74,
in
'-..
11
V 76
under laws
1 *.".io
1
Together with the Continental To
0,000 of the
oapital stock octhc American Snuff o. and $7,000.< 00 of the +10,000,
000 stook of the American Cigar Oo V. 72, p. 531.
cold notes are guaranteed bj the American and ContiOlgar Oo
p.
nental Tobaeoo oompanles. Beel 78, p. 1118; v. 72. p. 1037.
<
'1
1
Doate ln editorial of
authoi
i.OOO
whli
of
1^99
in
II
new common stock, making
.is paid May 11,
total
I
divides
Union
,1111c
$1,500,000 balance
017.
Issuable for other purposes
V. 63
Preferred authoi laed, $1
Divid's.- >98 to
'oo. '01. 'Oj.
1896.
1903
Common... 12% yrly. 6 A 20% scrip. 8
Below,
rly (2% quar.l to Aug., '03 .inclusive.
100 p. o. ln common stook paid on common May 11,1899. in
P. 102. on common, IV
p c; May.2>ep.C
a
2%p.0.; Nov., 'J^j;
i'li, 'J !) \< c; M;ii
III 1903,
3 p, e.; Aug., 3 p. c.
LBTiruAi Rbport for year endingJDoo. 81, 100
p. 591:
<fr,r.
ote.on.0om. Inl.on Scrip. Surpltu
81,120.000
120,292
L901.. 6,647,114
1,120,000 (6%) 8.270,000
181
76,224
Is
•
I
1
.
1
,
i
1
I
,
..,c. N. Btrots; Trnas
B. N.
N. v offiee, 1 1 1 Fifth Avenue.- (V. 70, j. ;,<» 1 707.1
mi erica 11 Typo Founder** «». — incor'd
1892 under lawaof N
J.
V. 55, p. 625 and adv. In 189G decreased the $5, 0OO.000 oommon
and $4,000,000 pref. stock to $4.1 00.000 (par $100
-lock
stockholders were offered the rijrhl 10 suhsci Ibe until
32.
May 1, 1903. to the remaining $1,000,000 of thi stock, at $12 scrip and $84 oaah per share to pay the Boat ag debt,
etc parable all al onoe or $13 on May
.1 hi.
10, 1904. respectively.
V. 76. p. 656; V. 73, p. 955,
ils Auir. 81,
Dividends on common stook: Oct., Mi>, ] p. 0., Aral
in Jan., 189». to July, 1903, Inol., 4 p.o. per an. (paid Q-J).
li.
addition In Jan.. U»02, r> p.
scrip and In Apr., 90
rip was
paid. Dlv. on prel, paid July, l9w2, to July, 190 , moL, l%p.c quar.
vi
Ki rour. - Report for year endinir August 31. LOOS, In
V. 7.*>, p. 10 11, showed srross profits after deducrinK exjienses, $404,
C56; interest ohartres, $103.1S
,527; dl% on coinmon (t p.o.)
,000; dlv on pre:
H. 87. Nelson, 27 William St. — iV. 7C. p
Doha
.
m
v
1
1
1
,
inert can Waiiiiam \v«i<h.- incorporated
01 i~..i:
tbam,
1.
>03l,
A mcrlcaii 'tobacco Company.— Organized
.
Total liabilities...
*8H $110..
Directors.— H. O. Havemeyer, Chas. H. Benff, Artimr Donner, i^>weli M, Palmer, John Mayer, w. B. Thomas, John l- P
Arthur Donner. Transfer Offioe, 117 Wall St., N. Y.-(V. 76, p. 11
A me r lea li Tele-;rapli A <'alile.—Owns tiui Qables bet wr
Co.
<li\
ln
manufactures "Waltham" watc
Dallj output of watohmovei
Mass,
DrvTDasma.— ) 1879-05,
Massachusetts
.t Walp.
"."•.
'oo. '01
•
161.
1903.
'02.
Per oast,
6
rly.
6
6
25 s 10 10 10
Below
paid extra cash dividend of 16
p <.. the stock being In- 1.000.000 b
at par.
102, boh mcl
Mar 1 p. 0.; Bept., 6 p <•.. InoL 2 vtra; In
!| r.
July, 2 p. n.. in'erim dividend
p. c,
from
to June 1. 1903. dividend periods hi reaft- r t<> be J. & l>
V.
76 p 1857. ia anos sheet Mar. 31, p.)0J, V. 76, p. 1353.— (V. 76. p.
161 1250, 1 858, 1357.
\ 111 r I. >i 11
<;la-n Tlnililne < ,,. rjBOAj
LTIOR.—
Incorporated n New Jersey on Mar 6,190
Owns
excl'iov.- rlul
In window-Klass machlns patent- In in<
""7.
In Mar
1903, purchased neai ij
innn sto, k Ol the Amer Window
and lensed patent rluhts to latter on roj
k authorized, oommi
cam..
in
i-:»'.»
-
t
,
,
1
:
•
Window
•
,
.
I
•
.
p.ir
ol
!h
8500,000 pre! wer
icqalrepal
each wet e available for purob
common stock. The latter company's stock
ahai
as p a ]d Mar..
(in
annum
-
P.ii.o,
Profits, -The Am.
Wn
otected In
to Mar., '0
I,
•
to
Am window
Glass
rnmulatlvi
its
rlplu
1
-
doi
-
American
H
Larkin, Secretary 8
596, 707, s»;7.>
Moolcu 4 <>.—OBOARIZATIi H
•1
burgh, Pa.— (V
,
Law :
7f>, p.
al Providence
Incorjiorated Mar. 29,
Mills,
Pi
7
1>. (.17; V
v.Ti.p ^,- Statement to Stock Exchange, V 71. p
K.— Authorised by charter, common. aAO.OOO,
.000,000. Authorized by stockholders to
>
.
I
rre.l
7
:
SUPPLEMENT.
INVESTORS'
150
—
—— —
MISCELLANEOUS.
——
_.
[Vol. T.XXVII.
INTEREST OR DIVIDENDS.
M
—
—
Date Size.or
Amount
Par
of
n-UTJUi1,, „ Rate Per When Where Payable, and by
For explanation of column headings, Ac, see notice on
Cent.
Payable
Bonds Value. outstanding Cent
Whom
first page of tables.
_.
.
•
Bonds— Principal, When
Due.
Slocks— Last
Dividend.
|
|
B'klyn Ferry (Court. j— B'klyn A N. Y. Ferry, 1st M. o*Ar 1886 $500Ao.
1.000
o* 1898
Consol. mortgage, $7.500,000.
100
Kk, $15,000,000
Brooklyn U
1,000
1st con., $15,000,000. g. G (for underlying bds.see text) 1895
100
Buffalo Gas— l'r<-i stock, (i p.C, non cuni.,$2.000,000auth.
c 1897 1,000
.000, red. At 115, gold. Bl
lstnioru
1.000
1st M., 83,000,000, g.. red. t.\t.Ne\vi 1 H02
Buf.
>.— 1st M., $3,->00,0; 0. couv. text
1902
1,000
Bu»lt.
50
guaranteed)
Cambria Iron—Stock (1 i>. 0.
50
Oamo
took, 850,000,000
100
$0,000,000 authorized.
Celluloid Co.— atOCk,
Central Foundry— Deben., $4,000,000, red. aft. 1901 105 L80S
ioo
Ceil t rat J 8oulh American Telegraph— Stock $8,000,000
100
Chicago J tuirt ion Hallways ct Union Slock Yarn*— Stock
100
6 percent cumulative, pref. also as to assets.
Preferred,
1,000
o* 1890
Collateral trust, gold, $ or a Ce
Mort. and coll. trust ref. gold bonds, $14.000.000.S.o*Jtr 1900 1.000&0
100
Chicago Pneumatic Tool Co.— Stook, $7,500,000
100
Ulajtin (H. B.) Company— Common stock
100
pref. as to princl1st pref. 5 per ceut,gold, cum
100
/ pal and dividends.
per cent, cumulative
2d pref.
100
Colorado Fuel <r Iron- Common stock, $38,000,000
100
Preferred stock, 8 p. c. cum., $2,000.000
1,000
Conv. deb., $15,000,000, g., red. at 105, text. IC .o*&r 1901
1,000
Colorado Fuel Cos gen. mort., gold. s. f., red. 110.A..O" 1889
1,000
Col.F. A 1. ten. M. ($0,000,000) g..s.fd.. red. 105.Cci.c-.tr 1893
T.OOO
888
Or. Rlv. Coal A Coke 1st M.. g. ($1 25.000 guar.). Co <•
K
KC
.
—
<,
1
and finance properties above named and additional plants, $20,000,000 preferred and $30,000,000 common. Outstanding preferred, as In
table; common. $29,501,100. Dividends on preferred, July, 1899, to
July, 1903, both inclusive, 7 p. c. per annum (Q.-J. 15). Only liens are
$65,000Jbonds of Chase Mills. V. 71, p. 1316
Earnings.— Report for year ending Deo. 31, 1902, In V. 76, p. 540,
showed: Net profits, $3,227,067; previous surplus and adjustment of
accts., $2,783,409; dividends at 7 per cent per annum, $1,400,000; net
surplus, $4,011,076. Pres., Fredk. Ayer; Vice Pres and Treas.. W.
M. Wood; Asst. Treas., W. H. Dwelly Jr.; Sec, Jos. T. Shaw. Office,
Ames Building, Boston, Mass.-(V. 74, p. 939, 1198; V. 76, p. 640.)
American Writing Paper Co.— Organization.— Incorporated
in New Jersey on June 25, 1899, as a consolidation of fine writing
Saper mills, producing, it was stated, over 84 per cent of the output of
ew England States and over 76 per cent of that of the U. S. V. 69,
128. See prospectus, V. 69, p. 128, 227. Common stock, $11,
500,000: issued, $9,500,000; par of shares. $100; pref. stock and bonds
as in table. See V. 70, p. 998. Of the $17,000,000 bonds $; 12,000
were in the sinking f una in Feb., 1903. and $400,000 in the treasury
Report for cal. year 1902, with balance
uncanceled. V. 76, p. 540.
sheet, In V. 76, p. 540/showing: Net income, $1,827,360. int. on bonds,
depreciation, etc., $1,072,178, bal., sur., $755,182.
construction,
Officers.— President. W. N. Caldwell; Treas'r, George B. Holbrook;
Secretary, E. H. Hall, Holyoke, Mass. -iV. 76, p. 437, 540.)
Anaconda Copper Mining:.— (V. 74, p. 832; V. 75, p. 136, 850.)
See Nat. Asph. Co. and V. 74, p. 42.
Asphalt Co. of
p. 25,
Am.—
Associated
hauls' Co.—Organization.— Incorporated In
Connecticut, under special charter, and acquired the
»ler<
Apr., 1901, in
following interests in dry goods businesses in the city of New York,
viz.: $4,500,100 of the $9,c 00.000 stock of the H. B. Claflin Co.; 12,OOOor the 18,000 shares of preferred and 6.000 of the 18.000 shares
of common stock of the Adams Dry Goods Co. and the business of
James McCreery & Co. of 23d St. In Deo., 1901, purchased the business of Posner Bros of Baltimore. V. 73. p. 1358. The business of H.
O'Neill A Co., purchased by President Claflin, will probably be taken
over early in 1904. V. 76, p. 5i0. The 1st pref. is exchangeable at
par, at bidder's option, into either com. or 2d pref. stock.
Dividends -On preferred stocks, in full to July, 1903 (Q-J.) On
common, Deo, 1902 to June, 1903. both lncl., 1\ p. c. quarterly.
Reiout.— Report for 6 mos. ending Feb 1, 1903, with balance
President, John Claflin.-(V. 76, p. 640.)
sheet, was in V. 76, p. 540.
Bay State Ga» Co.—Stock, $100,000,000; par, $50. See p. 166.
Barney A Smith Car Co.— See page 166.
Bethlehem steel Co.— See United States Shipbuilding Co.
Botton El. Lt.— (V. 72, p. 629, 677, 1190, 1282; V. 73, p. 443 )
Brooklyn Ferry.—Organization.— Owns ferries from Roosevelt
Grand St., 23d St. and 42d8t., New York, to Broadway, Brooklyn,
and from Grand St., New York, to Grand St., Brooklyn; also leases
Tenth A Twenty-third St Ferry for 99 years from Deo., 1898, at 5 p. o.
on $550,000 boi.ds and 5 per cent on $1,000,000 stock. V. 67, p. 1206.
The new ferry from East 42d 8t. to Broadway, Brooklyn, was opened
Dec. 2, 1901. V. 73, p. 1162. Statement to N. Y. Stock Exchange
Surplus over charges in 1900, $97,981. Mortgage
(V. 69, p. 1102).
covers real estate in Brooklyn and N.Y. and 16 steel boats. Report
Dec. 31. 1902, in V. 76. p. 86K, showed: Gross, $1.for rear ending
351,908; net, +5 -'2,255; Int. on bonds. $3S5,000; rentals, $77,500; balanoe, sur., $.''9,755- (V.74,p. 1250; V. 76, p. 868.)
Brooklyn I nlon «.:*.— Incorporated In New York State Sept. 9,
1895. See plan V. 61. p. 831, and V. 02, p. 1141.
Contract.— Under tlvc-year contract in 1897, olty now receives gas at
90 cts. per 1,000 cubic feet; private consumers at $1. V. 64, p. 887.
Dividends.— 1896 to June, 1900, 6 p. c. yearly, paid semi an. (J-D);
Dec, 1900, 4 p. 0.; 1901 to June, 1903, lncl.. 8 p. o.
Bonds.— Mortgage of 1895 Is for $15,000,000 of bonds, subject to
St.,
Bonds.
M
Citizens' Gas 1st
Citizens' Gas, con.
Union (in« 1st M
Union Gas L. con.
Pres.,
Interest.
James Jourdan;
Brooklyn
$43,000
253,000
140,000
30,000
Treas., E. R.
W liarl' A Wnrcl
triiimwlc k Dock A
I
Maturity.
Apr. 1,1806
Outstanding.
5% a. A O
5% P. A A.
6% J. & J.
5% J. A J.
M
M
Chapman.— (V.
Jan.
1,
1,
1,
1940
1905
1920
75, p. 1033.)
Co,
New York Dock
Co.— See page 166.
»c.-Sne
in |>ro v< ineiit
Feb.
July
Bnfflrio Gae.-Organiied In Oct., 1899, and consolidated the
Buffalo City Gas Oo. and Buffalo Gas i.ight Oo. Owns entire stock and
bonds of the Mutual Gas Lliriit Co., all ho Htoek of the 'it /.en's Gas
Co. of Buffalo, and about 27.000 of 80,000 shares of stook and 02,048,'
ooo of $2,100,000 bonds of People's Gat i, d Coke Co, (V. 07,i>. L262).
See Official statement) V. 7, p. 34. Stock, common, ^7,000,COO; «>ref.,
t
(
I
,
see table.
On Marob 28, 1903, the Frontier Electric Lighting Co. was Incorporated with 6800.000
the aame Interests, V.76, p. 707.
Ootober to Hay 3'., mo.), B months, net, 0277,686 Report foryear
ending
LOOS, in V.75, p 1251, showed net, 0339,187; Int. 00
bonds, $290,250; bal., surplus, $48, NK7. a O. Humphreys, 31 Nas(V. 76, p. 707, 920; V. 77, p. 3 l.i
s.iu M
Pre*.
If llllillo A Ml •,<|ll ell 11 II II 11 I roil Co.— Oli<) LMIZATIOH.— ( Scr Map.)
—Incorporated In New York May 14, 1902, and owns 50 acre* at Stony
Point, iieai Buffalo. V. T., 0I» which Is belli* built ft plant with two
blast furnaces having a rapaolt; Of ''>Oi» t<> Ton tons ut pig Iron dally.
This plant 1* i<> be 111 operation about Sept, L903. Leases f »r 50 year*
ore lands In Mesa >a range, Lake superior region, ue.r Bibbing, .Mum.
Controlled by Holers, drown A Co. and F. H. & 0. W. Ooodycar 01 the
1
,
& J.
A A.
Q-M.
6
$1,000,000
6.500,000
5 g.
15,000,000 8 in 1902
14,528,000
5 g.
1,710,000
5.805,000
5 g.
3,000,000
5 g.
2,500,000
4 g.
8,468,000 4 In 1902
45.000.000 3 In l!»c>3
5,925.(>no 8 In 15)02
6
8,868,000
7,725,000 Oln 1902
6,500,000 Sin 1902
6,500,000 Gin 1902
5 g.
10,000,000
1 g.
4,000,000
6.013,600 see text
3,829,1 mi B in 1902
2,600,300 5 In 1902
2,570,600 Gin 1902
23,931,000 See text.
2.000.000 8 in 1902
14,069.000
b g.
040.000
6g.
5,347.000
5 g.
934.000
6 g.
B'klyn, First Nat. Bank
N. Y., H.B. Holllns A Co.
By check from Co. 'a off.
N. Y., Chase Nat Bank.
J.
F.
m. a
A.
&
Br.
0. N. Y., Continental Tr
J.
A
A
0.
O.
New
D.
A.
A.
F.
(T.
A
& A
M.
A
PI.
N".
Y.. Office, ut;
1911
1948
1947
1932
1952
'03,2%
1,
1,
1.
Apr. 1.
Aug.l5,'03,75o
July l. '03.1 1*
NY.Bar'g.MagounACo. May
N.
Q.-J.
Q.-J.
Q.-J.
B'way. July
1, 1919
8, '03,
Ha
N Y.,Ot!ice,25 BroadSt. July 1, '03, 2%
do
July 1,'03, l>g
do
J. N. Y., Cent. Tr.; London. July 1, 1915
O. N. Y., Standard Tr. Co Apr. 1, 1940
A
&
Q-J.
J.
A.
Q.
Oct.
York.
June
Trust Co. Apr.
X. Y. Of.,
1,
Junel/03, 2%
May 1, 1945
Y.. Knick.
Checks mailed.
do
do
30 Wash.
Q.-J.
Co
Jan.
All it. 1.
—J.
N.Y.,Offlce-
Q— F.
do
do
Q.— F.
Church
do
do
July, '03, 13»
St Julyl5.*03,2%
Aug. 1, '03, 1><
Aug. 1,'03, l>t
Q.-J.
Apr.15,'02,1*
Denver and New York. Keb.20,'03.4%
1st coup, paid Aug., '02 Aug. 1, 1911
M. <fe N. N. Y., Metrop. Trust Co. May 1, 1919
K. A A. N.Y., Chase Natl. Bank Feb. 1, 1943
A. A O. .V.Y..k"nickerbookerTr. Apr. 1, 1919
F.
*
V.
A A
A.
Buffalo iV Susquehanna By which is building an extension to Buffalo.
See that company under railroads; also V. 74, p. 1040, 1092; V. 75, p.
795; V. 70, p. 596. Stock, $600,000.
dONDS— The $3,000,000 flr<*t mortgage gold 5s of 1902, (N.Y. Security & Trust Co., trustee), are due June .1. 1932, but are subject to call
as an entire issue at 107 ^ and interest on any interest day after June
1, 1907; they are also redeemable at par and interest for the sinking
fund In the order of their numbers, beginning at the lowest number
at the rate of $100,000 yearly from June 1, 1907, to June 1. 1931, both
.
inclusive. President, Wm. A. Rogers.— (V. 75, p. 795; V 70, p. 596.
lt ukIi Terminal Co.— Organization. Etc.
Incorporated In New
York on Feb. 14, 1902 (V. 74, p. 477), to own extensive terminals on
the water front. 43rd to 51st streets, Brooklyn, warehouses, etc. See
full ftatement in V. 76, p. 974, 1032.
Secdeitiks —Stock authorized. $7,000,000, all of one kind (par of
shares $100 eaoh), of which $3,500,000 outstanding, the balance being
reserved tor the conversion of the bonds at the option of the holders
$ for $, on or before Jan. 1, 1910. Of the tlrst (convertible) is ci-3,500,000 authorized issue) $1,000,000 Is reserved for future requirements.
Sea V. 76, p 974. President, T. Irving Bush— (V. 76, p. 974, 1032.)
lluiK 1. K Co.— Organization. -Incorporated in New York on
Owns stooks of various cos. publishing fashion magaJan. 15. 1902.
zines, manufacturing paper patterns, etc. See ofticlul statement, V.
7r>, p. 237. Stock, $12,OOO,CO0, all outstanding. Div., 1 p 0. quar. paid
Sept., 1902, to June. 1903, both incl. Underlying bonds. $ 1.200,000
Federal Pub. Co. collat. 6s, due 1920, payable 10 p. c yearly, beginning 1910. Report for year ending Deo 31, 1902, la V. 76. p. 541,
showed: Earnings of operating cos $726,198; dividends, $300,000;
bal., sur., $120,898. Net earnings (above depreciation) of controlled
cos., in 1901. $^0,388; in 1900. $161.1 12; in 1899. 0484,392.
President, G. W. Wilder; 1st Vice- Pres., C. W. Morse; 2d Vice-Pres , J. F.
Birmingham: Treas., C. D. Wilder; Secretary, R. S. O'Loughlin.— (V
75, p 237,292,612; V. 76, p. 541.)
< alum. 1
II. c la ITllnlns.— Stock, $2,500,000; par $25. Dividends 1895-90, 100 p. c; 1896 97, 120 p c; in 1897-^8, 160 p. c; in
1898-9, 280 p. c; 1899 00,320 p. c; 1P00-1, 260 p.c; Dec. 1900,80 p.
;1901.Ar>r.,60 p. o; July. 60 p. c: Oct., 60: 1902. Jan., 40; May, 20;
Aug., 20; Dec, 20 p. c 1903, Mar. 20 p. c; June, 40 p. c. As to dividend policy in 1901, V. 73, p. 393. In 901-02 produced 39,982 tons
of refined copper, against 36.327 in 1900-01. Report for year ending
Apr. 30, 1902, in V. 75, p. 238.-(V. 75, p. 238; V. 70, p. 1145.)
Cambria Steel Co.— Incorporated in Penn. In Nov., 1898, per plan
In V. 67, p. 688, leasing the Cambria Iron Co. for 999 years at 4 p. o.
on Its $8,468,000 stock. (V. 68. D. 128.) In 1902 acquired over 99 p. 0.
of the Republio Iron (ore) Co. stock. V. 75 ,p 443, V. 70, p, 862.
In June, 1901, a controlling Interest was acquired bv the Pennsylvania RK. and affiliated roads. V. 72, p. 1282. Under the plan of readjustment (V. 72, p. 1190) the stock was increased to SroO,000,000,
of which *"),000.000 in treasury. V. 74, p. 1253. V. 73, p. 84, 393.
1
(
,
A
;
Dividends.— Dividends on stock since reorganization
p. 0. yearly (F.A A
Report for 14 mos. ending Deo. 31, 19(
1903, 3
:
In 1902 and
)
with balance sheet was in
V. 70, p. 862, showing net, $o,084,26't; other income, $575,944;
semiannual div's (4^ p. o.) $2,025,000; decharges, $003,241; three
preciation, $800,000; impt fund. $1,500.00
bal., sur., $731,963.
Directors, V. 73, p. 339, 844.— (V. 75, p. 1149; V. 70, p. 656, 862.)
Celluloid Company.— Organization.— Incorporated Nov. 28,
1890, in N. J. 8tock, $6,000,000; issued $5,925,000; par, $100.
Dividends, ; '93. '94. *95. '96. '97. '98. '99. '00. '01. '02.
1903.
Per cent. S 5>a 4
4
4»«
4 4»«
7
7
8 Inol.July.3
Factories at Newark, N. J.: office, 30 to 36 Washington Place, N. Y.
President M. 0. Lell'erts; Vice-President, J. A. Bartow; Treasurer, F.
R.Lefferts; Secretary, J. R. Halsey.— (V. 71, p, 1168; V. 75, p. 1304.)
Central I'lrcncuki Co.— See page 166.
Central Foundry Co.— See page 166.
Central A South American Telegraph.—Owns oable line from
Vera Cruz, Mexico, to Valparaiso, Ciuli, 4,750 miles, and land lines
850 miles, etc. Also the Trans-Andlun telegraph lines, 1,200 miles
Connects at Vera Cruz with Mexican Telegraph Co., and owns an Inter
est in oable between Galveston and Coatzaooaloos, 825 miles, etc
'88-'96.
Dividends, ? 1885.
'86.
'87.
'97. 1898 to July, 1903.
Percent. S 4
4
6 yearly (<4. -J.).
6
7 y'rly
6\
In 1890 20 per cent in stock. Report for year ending Dec. 31, 1902.
2,
',
was in V. 70. p. 1028, showing gross, 01,002,571; net, 0614,540: dl\.
(6 p. c), 0468,586; renewals or c tides, 094,182: bal., sur., 056,812.
Year 1901, gross, 0982,058; net. 0649,718; dividends, $463,536.
Offloe, 06 B'way.— (V. 7r>, p. L804j V. 70. p, 1028.)
Central Union Telephone Co.—See page
( hi'Mipiakc A Del, Canal.—Seepage 166.
166.
ObeaapeakC A Ohio Canal—Sui\ 1890; V. 72,p.875; V.74,p.329.
Chicago ICdlwon.— V. 70,
1088, 1184, 1303.
Chicago Junction Hallway* A I11I011 *to<-k Yards.—OR(jvM/vii'iN. Incorporated In 1890 In Hen Jersey, and purchased 98
)..
per oent of the Stock Of Union BtOOk Yards A Transit Co. of Chicago.
Thus controls over 460 acres of hind (with one mile of waterfront).
Containing warehouses, sheds and pens to accommodate 75.OO0
cattle. 300,000 hogs, etc See Chicago unction K\ ., in ' Kallroads."
Dividends.— On pref., 6 p. 0. yearly <(J.— J.). On common 1891, 10;
1892 to July, 1903, lnol., 8 p. 0. yearly <Q-J). V. 70, p. 328.
Bonds.— The collateral trust bonds are secured by pledge of over
90 p. 0. of the Btook of Union HUick Yard Transit Co. Of the $14,000,000 4 per cent bonds, $10,000,000 are resorvod to take up the collateral trust 5s. See V. 70, p. 1251; V. 72, p. 389.
. I
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MISCELLANEOUS STOCKS AND BONDS.
^
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*
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—
1.11
INVESTORS' SUPPLEMENT.
152
0.
General
L Iron
LVol. LXXVII.
Offices.
lands.
un coal lands.
3.
4.
Laramie Steel Works.
Dry domestic coal land-.
r
Elic Head Mountains. Anthracite lands.
Done -tie e :il l.mds.
m and domestic coal lands.
mi and domestic coal lands.
steam coal lands.
Dry
W. Coke Oviii-.
>.
6.
<i.
I
Seml-caklm; domestic coal lands.
Ml Semi aking ataain and duimsllo coal
13. Coking coal mines,
11.
i
I
U, Ooklng coal mines.
Antinre its mines
Y>.
17.
Antli-
14 Coklnp: coal mines. Coke Orana.
U. Clay prop
21.
Iron
Iron
I
.;:.
Iron
|
21.
UgntJ
:'<).
•S>.
2fi.
Iron
Iron
!
I
M
Lino
30.
Domestic coal
too.
•jiiarrlos.
inin<v.
M
i.
M
37.
"n
Don
coal
"
'
38.
miss
*
30.
41.
boa
land*.
(
am
44.
4:».
it..
47.
coal
I
Ant!
Ugntl
Iron
Iron
.
:
LOCATION
OF THE
COAL & IRON PROPERTIES
The Colorado Fuel & Iron
COLORADO, WYOMING
UTAH and NEW MEXICO.
Co.
location and maukctsV
Colorado r ncl I Iron o.
Shown by the Shaded Section.
(
1
>
July,
MISCELLANEOUS STOCKS AM)
1903. J
MIM
>UH.
Colorado Fii't ,t Iron
OoL Coal .v ir. DeveL,
Rooky Mountain
Ocmmereial Oable Btoea
First M. (lnol deben
Oommrrcitit Union Teltg
Oon$ol. Gun of Baltimore
1st mortgage bonds
Oonsol. 1st M..
is-:.
1,000
1897
F
BtkL.gu i6p.o
stock autli..
I
I
ism. 500
$7,000,000. Mflia
Indebtedness, gold, red after
Ki.TTn
cars
">
>
6
I
o*
•
1,000
1,000
*.tr
I
-
.
M..
lal
L-oi
i,
red. el
Unll
Hnt-.li Eleotrlo
1-
mortgage, 015,000,000, gold.no
g., red. at IOS Oct. l. 1900
'ower, l-t tnort., 95,370,000 I a
!
1-:..
1
I
Un
88,1
660,000
910,000
55,000
9532,922
1902.
94,547,197
2,075,860
_
"
706,000
910.000
55.000
9366,928
910,000
9 0.000
1901.
84,401,218
2.117.H51
.
,
,
I
r,377 In 190.J; Interest on 1st
9142,125; dividend on cot
.;
n
baiierve for com. stk. June 30, 1903, 81,240
Profits for calendar y<
deduotlng any dividends: in 1902,
In 1901, 9650,554; In 1900, v. 77. p. 149.)
Colorado Fuel A Iron.— \ Colorado corporat ion
formed in Oct.. 1892, by consolidation [V. 55, p. 373,639,] of
Fuel and Colorado Coal A Iron oompanlei
Pee V. 62. p. 461 in June.
dlvldi
pref.,
<
<
•k. feller Gould Inter*
at least temporarily, a*
:
control.
Mr
J.I
chairman end dlreeto
7
finished «toel products Is to be B
78, p. 661; V.76, p 1149. Own-* entire stock Of (dorado A
Wyoming B
L7o miles, which in Mar.. 1908, mad.- s mortgage to
secure 87,500,000 4 p. 0. bonds (present Issue *i,500.oooi. See th h t
der railroads. The stockholders wii vote .n Am.-. 19, 1903, on
approving loans made by directors during year 190
retiring,
1410.
The annual oajuwlty of
V
Is
see also circular In full. p. 862, 058, 7;M. and olroulars Y. 7'J.
Bonds.— 8ei> application for listing bonds V. 82, p. 461.
The 5 p c. debentures of 1901 are convertible at the option of
the holder Into common stock at par from Feb. 1,1902, to Aug. 1,
1906, Inclusive, and redeen tble at the option ol the company at 105
after A lie I, 1906, The proceed-, have been used for the construction of
auxiliary plant- to manufacture tin plates, hoop-, rods.wire, ns
Y. 79, p. BOO, and olrouiar \ 73, i>. 561, and application to list, V. 74,
In July, 1902, 8931,000 had been converted v.
p. 731.
.
|
'94.
:
*9
1903.
3 1
4
8
so.
40
4
8
N
II
Latest Earnings- Net earnings for 4 mos. ending Oct 31,11102,
9747.841, against 9418,011 In 1901
BeeV. 75,1149.
Ki nm.- Report for 1901-02 at length In V. 70, p. 2o3. 270.
Gross
Set
Tear er. d'g June 30.
1901.
1901
Fuel department
r
.f'.lt.O.lOO
)9,353
Iron department
6,873,052
1.01
6,266,877
Retail dept., eto
303,591
390,316
28,033
1
.
.
,
Total
$13.112,003,038 Bal.toino. acct. aft. deduot'g ecu. ezpena
12,671
other Income In 19
.x.-s. 6111,
2, 8291,187; Inti
11k. fund.
L; dlv. on pief.,8160.0
31.832.
OFncEKS,- li. M (lenient, chairman. J a. Kebler, President; J. II
MeOlement, 2d Vlce-Pree. and Comptroller; John l. Jerome, Treas
1
1
O trice
Denver. OoL New York otlice. 71 Broadway.
Directohs:— F. T. Gates J. I) Rockefeller Jr., K. P nnalee Prentle
Kebl«r, Geo. J.Uouli U-nj.unin Nlrol
.1.11 McCiemeni, Geo P. Bui
win Hswlcy H. K. Miintinctoii. -K II II, n mar'. Frank Tnunhull mid .Innr s
II. lly.io
KxeonrtveC mmlttee K.T.I
mam. J. I) Rockefeller Jr
Gkrald,
11
^67.
HoClemsDi an.i .1. a Kebler— v. 711. p. -.*:. i.?.
1
Columbus A Hoeklng Coal A I roa < om pan j.— Organized at
Columbus, O., Jan 26, 1883, and owns large ooal andiron pro)
(13,250 acres of land) in Ohio.
See V. 44. p. 878; V. 03, p. 559.
Organization. -Reorganized In 189S without foreclosure per plan
In V. 65. p. 976. Interest being reduced from 6 to 5 per cent- -v 65, \>
367. 976; V 67, p. 28 see end't on bond V. 66, P -l
-rock author
ooo.too (par 91C0), increased i.pr, 1901; om
lng, 96.924,400; balanoe reserved to retire $18.900 remaining 5 per
cent preferred stock, v 72. p 1185. in April, 1903, an agreement
was reached as to control. V.76, p. 975; v. 74, p ^86,1088,1141.
Div. on common stock, i-j p. c. nee 1,1902; in 1903, Mar., >* p. c; July,
I.
.
r
ij p.
c: paid at Farmers1 L.
a
T. Co., N. Y.
1,
1.
1.
1948
1»27
v
do
1,
N. Y., Knlck'i.'r
J.
.v
Fork »:
Jan.
N Y .11. R. HollinsACo. July
A
months,
J
I
1
i
j.
'.
1903
G
Apr. 1 to May 3i.
(1909
Ovoaa,
19,015; net,
12.148
Ki.i'iiKT- Report for year ending' Mar. 81, 1903, Y. 70. p. 19
Fr.toJfor.Sl.
Oron.
OlKtrxne.
Charge*. Bat.,$ur.
8618,872 $179, Oh7
1901-02..
601,153
90,67:i
'18.421
55.512
r
Bonus "ii exchange of stock, etc.
surplus ..L902-S was paid 1 p 0. (I
oommon, leaving nel
.Directors, May, 1903, V. 76, p. 1145
»75, 1087, 1145, 12 16.)
Commercial Cable
one
to Ireland;
Bristol,
f
England
;
ad
>.
1
1
»
•
•.
OWUS
Co.*
tbova in
1
j
three
cables
fr.m
rom reland to Havre. Iran..-; two fTOl
two Nova Bcotiato New York and one
from Fayal (Axores). to Canso Nova
I
1
t.
1
from Fayal (Azores) to Ireland; total cables 13,000 m
•. whose lines r om h»ii
Commercial Paoltli
Hawaiian Isi.nds to the I'lnliipine Islands
opened onJulv
1
I;
;
Jan.
4,
v. 77, n
Oo. « as purchased
10 mostly exchanged, $ for 9, for 4 p. cbom
ill property and leases and also the Btocksov
companies controlled see v. 64. p. 951; V. 72
31,1902, had 192.181 miles of wire (land 111
stock of
ind
ile
1
morv
arious
,
working arrangements with ". .'j7:i ml •- f wire,
.r
oontraot from July l. 1902, t.>
Pennsylvania RR. lines east of Pittsburg, Including aboul 1,000 oommerola] offices; furl her arransementa o\ er remainder of bj
when present oontraets expire, v 74, p. 1857; F. 75, p 79.
Stock, in Deo., B99, 000.000, and 93,333,300 subscribed by stockho
Btockholders in Feb., 1003. subscribed to the 91 ,666,700 treasury stoek at
par, applied towards the company's Investment In tin* Comu
Kaolflo Cable Co.. and on Mar. 2, 1903. voted to lucn
orized
stock from $15,000.000
000. V. 69, p. 1195; Y. 70. p. 215.
r
1
Includli
I
1
-
DivniKNDS.—
Per oenl
)'89. '90. '!il to •:>(;. 97-'98. '99.
8
8
s m>
7 yearly.
8
Tears.
•<«.
8
I>il..tlr.
v;
'03.
R-low.
quarterly has
c.
In Y. 70.
Dir'iln.
f 800,000
788.694
,
•^_ .:m:;,:,-i!i
3
'01. '02
8
8
*00.
Beginning April.' 1903. • uniform amount of 'j p
been paid V. 70, p. 544.
Ki 10KT.— Fiscal .\earends Dec. 31. Report for 1902
-fl. "
1
1901
2.259.
9.629.794
1,01
mice. 253 Broadway, N.Y. —(V. 76, p. 5 4 1.514: \
91.)
<
omul
>n\i ealtk i:ie< trie Co, or ciiiia-i«».— 1\'. 74, p. 1137,
1198, 1264; v. 7.".. p. 79, 292; V, 76, p. 50, 815, 968, K»83.)
< 0111 pre •.-oil
\lr <<>. of It or. ol Tlan lial ta 11. — -1 page 166.
( oii«ol i<lale«l <ar Heating Oo.
UUppllOS Steam and li"t water
apparatus for heating railway trains and electric hrateri
care, eto.—V. 70. p
-50.000; outstanding.
•
Dividends
O,
'93
>«9a
Per cent,
F.
J
4
'98
"97
".»4
1900
'99
3
6
1
4
3
3>a l»s
~h
Officers and directors June, 1900, V. 70, p. 1252;
Ollice, 413-423 North I'earl Ht., Albany. N. Y.
(V. 76,
'01
5-
8
s
Consolidated
<;a«. <>i
7
1
Y. 76. p. 1357.
1357.)
—
p.
Haitlaaore dty^^Inoorporati
'-lay 5,
in July, 1902, new n
oder the laws of Maryland
July 26, 191
was reduced on June 1, hum), from 91 28 to 81 10 per
v. 70. p. 431, 685, 79 I, 1097.
1,000 cubic f.et
Ii
certiiicates of indebtedness were sold for Improvement
950O.000 each on Jnlv 1, 1919, and Jan and July. 1013. but 1
from their date V 74, p. 1310,
Official statement,
V. 77, p. 33.
-;-tlcs.
I
-
etc
.
\
.
74,
1
.
DrriDunML— > '92.
Per cent...
\0§
*98 to *96.
5 yearly.
ment
P 13
,
showing,
.
i
1994
1932
1906
1944
111
j.
j.
!
.1
1,
1,
!
do
15,000
I
.
1,
1940
•
Y.,<entral Trust Oo.
N.
:!:
\
Preferred
....
1
York.
0,
<
99,000,000 8 per oenl enmnlattve (par 9100)
On Bent. 85, 1899, the stockholders voted to Increase the common
took :r.m 911,000.000 to $23,000,000. for Important additions and
Improvements, all being Issued from time to time as required,
July 18, l'" 1. to further increase the sail
lor conversion of the debentures, see below.
Dividends.—
Ooinmon
1
0,1
.
Stock.— Preferred
July
J
<
Out. Tr
.
;
1900.
94,154,481 $3,977,139
2,085,003
9
DntBCTORS.— Cbaunoey m. Depew (Ghalrmaii), B N. Foss. Boetoai
National Thayer, Boston; Jons Keen Jr., n. J.; F. H. Prlnoe,
\l'o. -it
II. Veeder and
P. A. Valentine, of ObloaOO: Win. D
Outhrle and William O. Lane, of New York; G
gePeabody Gardner,
Boston. N. Y. oltire. 10 Wall.- (V. 70, p. 181. 910, 707.)
Chicago 1*114- 11 mill lc Tool. 806 page 166
Ohleafto Telephone Co.— (V. 78, p. 968, 884, 703, 975.11
Clulllii (II. II.) Company.— Incorporated under the laws of New
ml deals in dry goods. Frontage 875 feet on
Worth Bt, H Y Citj
\
l,p 98
\
lated Merchants' Co. owns
84,500,100 of the $9,000,000 stool
\
72, p. 72 1.
1
Divn.'i-.
'98. 'n-l to Apr. .':•'!'. J
.10. 01
02.
18
Com.,p.c. 7>s 6 (1>4 ij. J.i
.'each.
Incl Jnlv,
8
8
8
Preferred stocks - In full to Aiilt..
isr.— Report for half-year ending Juno 80, 1903 (V. 77, p
Net for
and 2d
"i
.
.
94,048
8,911
866,
71
o
1,
n
M.
1
2
1900
I
Trust
1
1,500,000
81,-
Ti
Melt. 1.
.1.
3,50(>.
1,000 Ac
1,000
show* di
1901
$1,852,388 81,8*>7,025
Stork Yds. <fTr.Oo.—
Gross earnings
Netearnlngs
do
Morton
,
June
It
N. Y., Cent'
.
1,000
in V. 70, p. 2;<.\
31—
Y
D. N.
J.
,
1
,nr r„,tu.g Dee.
N. Y., Office, 4
M.
2,188
100
1894
1*0
I
•
1
A
J.
lUlu
Bat
Ooloi
do
J.I
1,000
moo
I
I
.
Report.- Report
nrk.
Mer.Bk., Bait
J.
by (
Equitable Oai L 001
New
Debentures, subji
N.Y. \- East River Oat lstmort..g.G 0* f Amsterdam]
1st con. M
0.
(95,000,000), gold K
.<»<>"
<
New Ains'dain l«t com. &L, gold, 920,
«'< 0"
Central I'nion Oas. guar, p ftl S S A
B
Dividends of U. 8. Y.('o.,Ac
Balance pr.
General e x pen- s, rents, Ao
Interest on bonds
Dividends
Depreciation
Balanee. surplus
Ml 5
>
I.'.moo.OOO
'
1,000
1,000
1,000
I
1890
.
J.
1,461
Illuminating, 1st mortgage
"l
Mi
.1
.v
1'.
1.
•
<
a
1902
lit
A
Farm.
Nm.
1.
1899
921,000,000,g..Bab.tooal] to Feb'O ICe.o'
v
^
Baltln
J.
.1.
5 g
AHk.
100
1888
A
J.
r
N.
n
I>
.
500
000
1,500 000
Ate.
1,
koIiI,
111..
ill.-.-.
.1.
'.
inn
•
r
I'ur inoii.M
A J.
Q.— J
g.
e tt-\t.
-
000
Ju.lKlll
i I
.1'
BOXDS OF COMPANIES OONTBOLLKD.
Edison
5
100
:•
Debentures
tO
who
able
979 000
*1,000
1887
l
VFhert
lien
l
Bat
Ootuoliittiirtt
I
tnlini.'
—
m., k„ go., red. 10
i. guar
Iron,
iaa
•
Amount
Value.
LstM
//•../>
m
or
Par
-ll/.e,
see not*--
,
-i
i
<'o;ii a\
I
1
'J
„_
.
Dat«-
For explanation of oolnmn hi
first page of tab
Ooi.cf
1
on
7_'<
V?
-
A^
4H
l.-nt.
June
Ferdinand
Jos W. Clarke: Oen.
Bait Directors, July. l:.
so.
.
•
190;;.
1
|
net
.,o.i
bal., sur.. for di\
1.
b\
t
for year ending
_
r
i;
OL. "09
-
,
mess;
1.;.-
('.
Mgr A
S. 1
.77,
Consolidated Gaa ol \< \» \<>rk.—
No v. 11, 1884, as a consolidation, and
p.
39.
:dzed
Ii
all
in
the other gas companies
Manhatt
and of
all
th
-
electric
Bee seoarate
Formerly 6 per cent: troa .in
? p c; 1900, March, 1 p
ertles
II
irk City.
Divti.t.vi.s
'
Sept
1900, to J
10th Inclusive, -;»7 the price of gas has iicin reduced fron
nlag
1901) ae required by law. F. 64. p. K
k.— Iii Mar., l!ni.>. stock im
2(>o. and in July.
.
Mine
1
m
1
1
-
V.
1051.
'.'
7".
771, p 184
Bal. fbeet Jan. 31. 1901, V. 72. p. 436; P
V. 76. p. 264 ; net profits of cal. year 1902, ab
$2,100,000. asainst ^1 .iOO.OCOin 19 Jl.
I
p. C;
'i.-J.i.
1
'
INVESTORS' SUPPLEMENT.
ist
Vol. LXXVII.
Bonds— Princi-
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
—
Date Size, or
Amount Rate Per When Where Payable, and by pal, When Due.
Stocks— Last
of
Par
For explanation of column headings, &c, see notes od
Dividend.
Bonds Value. Outstanding Cent.
first page of tables.
Payable
Whom.
OohmoI. 0OS— fOonJ Stan Gas L., 1st M., $1,500,000, g.c L890 $1,000
$1,362,000
l,250.0tKi
No. L'mou Gas, 1st M., 81, 500.000. g., not guar. K
1,000
5 gConsolidatid Lake Superior—Com. stock, $82,000,000...
100
74,070,t:00
Pref. stock, 7 p. c. non-cuin., $35,000,000
100
28,452,400 Bee text
Mich Lake Sup. Pow.lst M.,g.(V. 09, p. 336; V 76,p.754) 1 999 5 00 .vo
3.500.000
1'..03
Collateial trust mortgage, $15,000,000, see text
See text.
1,000
40.000.(i(M) Bee text
Gontotidated Tobcu
100
MO.OOO.OOo
Coll. trust M
")0,000 (see text) .Mo...c'ir 1901 50 Ac. 157,378,2('()
4 g.
Oonsolida'
100
took
) 0.250.OOO
2 In 19i/3
1st
490.OO0
g., sink, fd., red. each Jan. at 105.<;..
1,000
4>a g.
Continental Tobacco— Stock, common, $50,000,000
100
48,846,100 Bee text.
Stock, pf. (as in assets and dlT.J non cum.. $50,00O,0OC
48,844,(ioo 7 in 1902
100
Gold debentures, 92,000,000 (V. '<0. p. 331).
1900 100 Ao
7 g.
1.581,100
Corn Product*—Common stock, $50.000,000
100
45,215,500 Bee text.
Pref. stock. 7 per cent, cum., $10,000,000
100
27,380,700
7
.
.
.'<•
•
1
i.
i
1
Dnasscmed Bonds of
m.i.h d
Oompah
Nat. Starch, deben, g s. f., (8,000,000, call 105. i *m
a
United States Sagat Refinery, gold, 1st morl
Nat'l starch Mfg. o., 1st M ... gold (sinking hind) .Tin
N. Y. Glucose Co. lsl M.. 92.500,000, g„ s. f. Sec text.
Crucible Steel Co. of Amei:— Pref. stock, 7 per cent cum
St. Clair Furnace] 1st M., it., p £ i. roar. ieiid.).l»PI 0"
St. Clair steel, 1st M., sold, soar., f2.250.000 I PI
Clalrton Steel, M.. g., p. ,v i. gu..due$r>oo.ooo v'rl.v UPI
Cumberland Telephone d Telegraph— Stock, $20,000,000.
lst mort.. $1,000,000, gold, s. f. (other bonds see text)
<
1900
1801
1901
19u2
1,000
1,000
1,000
NKW AM8TKKDAM GAS.
1897, and consolidated N. Y.
of
& East River and
Dividknds— ) 1894 to 1897. 1898. 1899. 1900. 1901. 1902.
Since 1898, p o. s
9 yearly.
8
3
9
7
9
1901 to 1903, Inclusive, Jan., 4; July, 5 p. o.
1903
9
(4) STANDARD GAS LIGHT CO.
Organized in 1886. Owns 160 miles of gas pipes north of 13th 8t.,
York. The Consolidated (Jas Co., it is understood, owns twothirds of the stock, which Is $5,000,000 common and $3,721,100 pref.
New
Divs—
Oom.
'91.
%
'95. '96. '97. '98. '99. '00 '01. '02.
'92. '93. '94.
1903.
1
4
5
5
2
8
6 June, 3
4 4
5*2 4^ 6
2** 6
8
6
6 June. 3
Office. Third Ave. and 49th St., N. Y. V. 71, p. 1273; V. 72, p. 1241.
< oiimoL Qetaof iMtiMburg.— Bee Pittsburg In St. Ry. Suri\
< on nol.L a he Su per.— See p.166.— Consol. Ice.—See Am.IceCo.
Pref. %.. 3*4
1^
Consolidated Railway u-iuin-
&
Refrigerating
<
<>.
in New Jersey in Mar., 1901, to take over, per plan
V. 72, p. 077, the OonsoL Ry. Kiec Lighting a Equipment Oo.
(seeScii-. Jan., '01, and bul. sheet, V.72, p. 57S; V. 74. p. 328), Safety
Third Rail Oo. and th European By. Refrigerating Co, and control
In addition the chloride oi' ethyl system of car refrigeration.
Stock
authorized. $22,00",000; outstanding, $17,500,000; pur of shares.
$100; $1,400,000 was to remain in the treasury for future requirements. Faotory at Derby. Conn. No bonds.
Directors, V. 71, p. 632
Pres., Isaac E. Rice: Vice-Pros, and (Jen. Mgr
S. Marsh Young.
Ballance sheet of Dec 31, 1900, V.72, p.578-(V. 74, p. 632; V. 76, p. 481.)
Consolidated Rubber Tire <;o— See page 167.
—Incorporated
,
Consolidated Tobacco Co.— Okganizatio .— Incorporated in
New Jersey on June 5, 1901, and acquired the greater part of the common stocks or the Amei Kan and Continental Tobacco companies and
--
through them control of the American Cigar Company, v. 72 p
1188.1190. V.72, p. 1282 Bee BOWDS below. The Havana Co.. formed
1902, as a consolidation of tho Cuban tobaceo oompai
preferred Increased to a 6 per cent rate. v. 72, p, 1241. Office, Third
controlled in the same Interest. V. 74, p. 1141. Auxiliary companies,
V. 7ft, p. 1256. to Dec. 1902. the Continental Tobacco Oo. acquired
all or nearly all the 93,000,000 stock of the Harry Welssinger Tobax
Co. of Louisville, Ky. v. 7.=>, i>. 140.'; v. 70, p. 5o.
n June, 1903 the
rehandllng tobacco plant of w. 8 Mathews A Sons of Louisville Ky
was aoquired by the British-American Tobaceo Co. V 77, ].. 89.
ii
pi ,1902, an agreement was made with ths imperial
Tobacco
Co. of England by which the two companies are lelt undisturbed in
meu own countries, respectively, the export business ol both bring
turned over to tbe British- Amerioan Tobacco Co., ol whosi 830,0
000 stock the Consolid ne. ,,u ,,, 820,000.000 ami the Imperial 810.
000,000. V. 75, p. 735; V. 78, p. 618, 724, 1859; Y. 76, p. §68. 921.
STOOK&BOl
r, 940,000,000; all paid in; $10,000,000 having
been subscribed for by stockholders at par in Jan.. 1903: parol
8IO0. Theboi
ableonly to acquire common stocks of Amei i<;in
and Continental Tobacco oompanies al the rate of 8200 In bond-* for
$100 of American Tobacco stock and $100 In bond- for $100 Of OOntl
nental Tobacco, and are seemed by stocks of those companies acquired, aud other property
V. 73, p 339.
Diviui.M). Dividend of 20 per cent paid Jan. 20, 1903. V. 76, p. 50.
ST.— For year ending Dec. 31. 1902, in V. 76. p. 691.
H.460: int. on bond-. 66,876,234; dividend (.0
n, c.). $t;,o(io.(ioo; adding 835,010 surplus on Deo. 81, 1901 leaves
balance, surplus, <>n Dec 31 L909, of $950,216.
OWIOl
Duke, President; Thomas F. Rvnn, First VicePresident; J. Ii. Cobb, Second Vice President; 0. K. Faucctto, Third
Vice-President; William B Harris, Treasurer) 0. B. Scene, Secretary.
Directors. V. 72. p. 1188.— (V. 76, p. 921, 1410; V. 77, p. 39, 149.)
I
i
.
.
A
F."i
Feb.
.1.
1
A
J.
Q.-J
Jan. 20,03, 20
V. Y., Morton Trust Co. Aug. 1, 1951
N. V., (iuaranty Tr. Co. Feb. 2. '03,
2%
Jan. 1. 1922
do
do
Manhattan Trust. July 2, '03,4%
July 2, '03,1*4
do
do
Baring. Magouu & Co. Apr. 1, 1905
N. v.. Cuyler, M. & Co. M yll,-03,1%
July 10,'03, 1*4
do
do
N.Y.,
<^.-J.
I
Q.-F.
Q
1933
A.
.1.
rt
N. Y. J.T. Weed,25Broad July
June.*03, lat.pd.wb.due Dec.
N.Y.J.T Weed,25Brtad
Checks mailed.
Colon Tr. A: Pitts.
Union Tr. Co., Pittsb'g
do
do
Checks inailel.
N. Y.. Washington Tr.
N. Y.,
1,
1,
1,
8ept. 1,
May
1925
1921
1920
1926
J'ue 29/03, 1*4
Aug., 1910-39
Jan., 1904-25
July, 1904-'13
July 1. '03, 1*4
Jan. 1, 1918
Y.— Incorporate!
If.
in
RR
;
,
,
V. 69, p. 70-1; V. C8. )>. 1025; V. 70, p. 283, 482. Stock, $45,200,000,
practically all owned by Consol. Gas Co. V. 72, p. 1038.
Bonds.—The first 5s of 1898 ($15,000,000) are secured oy a first
Hen on the company's new power plant and other property and pledge
of various securities; list see V. 68, p. 773, 824, 1025; V. 76, p. 268.
The 4s of 1899 are secured by a purchase money lien on the former
Ed. Elec. Ilium, property, subject to bonds of 1890 and 1895, and by a
Becond mortgage lien on the remaining property of the consolidated
company. V. 72, p. 939, 1038,
(3) NEW YORK MUTUAL GAS LIGHT CO.
Incorporated in New York Apr. 17, 1866, under special charter.
Stock, $3,500,000. of which over a majority, it is understood. Is held
In the interest of the Consolidated Gas Co. Par of shares, $100.
&
CouHollduted Water Co, of Itlca,
entire $7,000,000 stock
Secuhitiks.— The stock authorized is $13,000,000 of common
stock, $10,000,000 of 5 p. e. preferred, cumulative afterNov. l. 1900,
Newconsol. 5s for $1,365,000, preferred stock $1,000,000 and commor
$835,000 Id June, 1900, were In treasury available for future needs
Par of shares $100. OverSO per cent of the outstanding stock is held
by the Consolidated Gas Co. V. 70, p. 897, 948, 1052, 1197, 1252.
(2) NKW YORK KDISON COMPANY.
Organized May 23, 1901 as a consolidation of the N. Y. Gas A Eleo.
Light, Heat A Power Co. and the Edison Eleo. DJum. Co. of N Y. Owns
large power plant located on lst Ave., between 38th and 39th Streets.
Sep. 15. '02,1*4
Checks mailed.
N. Phlla.,Prov.L.&Tr.Co. May 1. 1949
\-
Nov., 1899, aud by purchase of existing properties acquired control of
uractioally all the water available for city of Utica, N. Y. V. 69, p.
956, 1064. Stock, co union, $1,500,000; pref.. 5 p. c. non cum., $1,000,000; par of shares, $100. First mortgage, $2,500,000 thirty-year gold
5s, due Jan. 1, 1930, int. J.AJ., at Continental Trust Co., New York,
trustee, Pies., Geo. L. Record.— (V. 75, p, 613.)
Consolidation Coal Co.— Incorporated In 1864. Baltimore A
Ohio
owns $5,353,200 stock. Coal mined In 1902, 1.746,069 tons;
in 1901,1,685,381 tons. Owns $1,500,000 stock of Cumberland a
Penn. RR. (which see) and guarantees its $1,000,000 bonds. In Jan.,
1903. purchased large interest In the Somerset and Fairmont coal
compaules V.76,p. i05, 333.
DIVXDBNDS since 1883: for 1884 and 1885, 1; for 1886, *j; for 1887,
I 1*; for 1888, 2>4
from 1889 to Feb.. 1903. inclusive, 2 p. c. yearly.
Report.— For 19' 2 In V. 76. p. 478. showed: Gross, $3,659,146; net,
$1,072,271; charges. $491,552; divileuds. $205,000; depreciation, etc..
$197,280; bal sur., $178,439. Pres., C. \Y. Watson. Office. Baltimore,
Md. Directors, Jan., 1903, V. 76, p. 105. -(V. 76, p. 478, 754
(1)
1,
plan V. 00, p. 133. Owns
New York Carbide A Acetylene Co.
F.
|
W
Incorporated Nov.
Q.-M.
ML
I
Offi
lent, II. orison E. Gawtry; Vice-Pre.-idents, Walter
R. Addicks. Sam lei Sloan and Lewis B. Gawtry; Sec. R. A. Carter;
Treas., Jas. A. Hennett. Trustees— Wdl C. Whitney, II. E. Gawtry,
Samuel Sloan, John
Sterling, W. Rockefeller. M. Taylor Pyne.Geo.
F. Baker, Jas. Stlllman, S. Palmer. Frank Tilrord, F. A. Schermerliorn,
A. N. Brady, T. F. Ryan.— (V. 7G, p. 264. 268, 656, 921, 1032, 1087.)
Eq. Ga- Light, per
May, 1930
N. Y..Mero. Trust Co.
N N. Y.,H.B.Hollins&Co. Nov. 1, 1927
N.
A:
I
mo
1898
A
5 g. J. A J
4,137,000
778,000
6 g. I. A J'
6 g. ML A N
2,924,000
2 4 o.ooo
6 g. ML A B.
25.000,000 7 in 1902 Q.-M.
3.000.000
5 g. F. & A
5 g.
2,250.000
5 g. J. & J.
5,000.000
ll.o3J.000 7 in 1902 Q-J.
880.000
5 g. J. & J.
1,000
1,000
1,000
Text.
100
1,000
1890
1901
ML
M.
)
Continental Tobacco Co.— Incorporated Dec. 10,1898, under
the laws of New Jersey. Acquired by purchase the entire business
and assets of the leading manufacturers ol plug chewing tobacco, including with others Drummond Tobacco Co., St. Louis, Mo.; Liggett A
Myers Tobacco Co., St. Louis, Mo.; plug business of Amer. Tob. Co.
and $3,000,000 P. Lorillard Co. oommon stock. See V. 69. p. 745; V.
71, p. 545, 1168. Also has acquired $1 581,100 ol $2,000,000 Lorillard
preferred stock at par in exchange for Its 7 per cent gold debentures. V. 70, p. 331, 1051; V. 71, 646.
Jointly with American To
baoco Co. contro'" the American Snuff Co. —see statement of latter, of
whose capital stock the two oos own $10,000,000, together with $7,000.000 of $10,000,000 stock of American Cigar Co. V. 70, p. 533.
The $5,000 000 American Cigar Co. 4 p. c. gold notes are guaranteed
jointly and severally by the Continental aud Amerioan Tohacoo companies. See V. 73, p. 1113; V. 72, p 1037. In Deo. 1901, the Wilson
A MjCallay Tobacco Co. of Mlddletown, O., was acquired, and in
Deo., 1902, all or nearly all the $3,000,000 Harrv Weissinger Tohacoo
Co. stock of Louisville, Ky , and in May, 1903. the T. C. Willi ->ms Co.,
Richmond, Va. V. 73, p. 1359; V. 76, p. 50. American Stogie Co., see
V. 77, p. 148.
Stock.— Apr. 21, 1899, increased the oommon and preferred stocks
from $37,500,000 to $50,000,000 each. V. 68, p. 670, 771. In June
1901, 99 percent in interest of the common stockholders ag_reed to
exchange tnelr holdings for a like amount of collateral trust oO-year
4 p. 0. gold bonds of the Consolidated Tobacco Co., which see above.
DrvTDKNDS.— On pref., Oct., 1899, to July, 1903, at 7 p. c. per annum.
On oommon, 2 p. c., Jan., 1902; April 1902. to Jan., 1903, ooth inclusive, 2»a p. 0. quarterly (Q.— Jo; In April, 1903, 4 p. c; July, 4 p. o.
Report.— For calendar year 1902 in V. 76, p. 591, showing:
Surplus.
Pit. on com.
)V«r—
Set cam's.
Dil.onpref.
1902
$11,776,934 (7%)$3,419,122 (13%)$6,349,993 $2,007,819
3,204,696
1901
7,600,740 (7%) 3,419, 22 (2%)
976,922
Oftiobrs.—President, James B. Duke; 1st Vloe-Pres., Chas. E. Halilwell; 2d Vic -Pres., Frank II. Ray; 3d Vice Pres. and Secretary, C. C.
Dula; Treas. H D. Kingsbury. N. Y. oilioe, 111 Fifth Ave.- (V. 73,
P 13)9: V. 71, p. 530, 575; V. 76, p. 50, 481. 591 1251.)
Corn Prod acta Co.— Organization.— Incorporated in New Jersey on Feb. 6, 1902, and acquired, per plan. V. 71, p. 329, 381, 1086:
IMviaenti
hew co.
Oap&al
Ml '08
98 'Ml
1111/—
stack.
OtPM.
1
a o 5* 1
r Refining Co., oOm.$«4,0B7,:«)0 i^i.M.OOO
1
,
-
m 777
Incorp'd
1
i
cumulative, pref .... 13,t«8.800
National Starch Mfg. Co.. com... 2,595,000
Bperoenl cumulative, nref .... <,o^.s,:«)0
I.Yi.OOO
Union Suiiar Uetlnlng Co
iso.ooo
Cburles Pope UIuoobo Co
8,600,000
N. Y. Ulnoose Co. (Sli.000,000 pf .)
7 phi- cent
1
.
The Glucose Co. was organised
lH.lf.SnOO
H.445.8U0
8,651,800
760,000
120.000
1,896,001
ix 7
]
i
(
..
..
May, MO. 1^ 6
Not known.
t
i» 1*97 (see v. 65, p. 327; applicaStool Exchange, V. 87. p. 1283. and V. 73. p. 960):
the National 8taroh Qo. was a consolidation in 1900 of tho National
starch B£l!g. CO. with other properties, and was said to do about 80 per
cent of the starch business of tne oountry; plan and list of plants v.
70, p. 742): Illinois Hugar Refining Oo. V. 73, p. 496; New York oiuV. 72, p 398.
The allied interests report a capacity of 2n.i,
ler, Morgan & Co. are interested.
000 bushels of corn daily.
Stock authorised, oommon, 660,000,000; pref.. 7 percent cuni., $30,000.000; about $2,000,000 of each class to remain in the treasury, together wita any amounts not used in exchange
Imvii.km's.- On pref., July, 1902, to July. 1908, Inch, 1 \ p. o. quar.
Dividend of 4 p. 0. on the common stock is payable 1 p, 0. on May 11,
Aug 10 and Nov. 10, 1903, and Feb. 10, 1904, V. 76, p. 657.
Tho bonds of controlled companies have not been assumed)
Bi 'M>s.
'tid sinking fund charges are payable from
bul tie
Of the Naeai mug- befOI e an] dividends can DC paid OD their stocks.
tional starch d- bohturcs, 88,778,000 are reser\ ed to ret Ire bonds of
aroh Mfg. and U. S. Sugar Kellnery oompaniCS. Of the New
YorkOluoose 1-. i" oenl of each bond ($40i is retlrable Bept 1
yearly, beginning 1902, but the bonds are not subject to call. v. 74,
n 1086. The Interest due June 1,1902. on I'.s Sugar Befinery bonds was
paid 111 Jttlj Since to June. 1903, when du-. V. 71. p. 1310, V. 75, p. 79.
BnPOBT. Eleport for the year ending Feb. 88, 1908, was in V 76. p.
lowing: Net prollt for year, $i.013,s II; div. on pref. (5»* p.0.),
$1,426,066; bul., sur.. $2,5s7,775.
OmOBBS. PK-.-...C. II. MatihiesM-n: Vleo-Pros., 8. T. Butler; Sec, 0.
urectors, V. 74, p. 530; V. 76, p.
(.lass rreas. Ronjainln (Jialiam
I.
7<u. Beadquarters, Chicago, 111.; N. Y. otlice, 25 Broad St.— (V. 76, p
tion to N.
•
V.
.
On
—
1
1
;
I
50.656, 703, 1083.)
July,
MISCELLANEOUS STOCKS AND BONDS.
1903.]
MI8CELLANEQU8.
For explanation of column headings,
drat page of tables.
I
see notes on
A-o.,
^ ^^
Amount
Par
of
Outetaniliiik.'
Bonds Value.
Denver Union Water Co.— 1st mortgage, $8,000,000. gold 1891 KlOOAo
Detroit W/y Gas-8tock. $.VOOO.OOO.
ao
<••
Prior Hen mortgage, $6,000,000, gold < !o
1,000
1808
Detroit (ias consul. 1st mort for $4,500,000
<•
Diamond Match. —Sto6k, 915,000,000, list. In Chic
DiitiUen' geeuritit*
Col.tr.
Am.
'mp
-Stock
M.. 8 -;.o00.OOO. g.. con v. call 105
af.
!
1893
,
,
>
I
.
let mortgage, sinking rand—see texl v it
j, -on d S'erl
IstM.g »- ooo.OOO,
Dominion
1(J0
I
Spirits Mfg
1st M.. g call at 105, s.f.,
Ha
Dlst. Co. of Am., coll. tr. M.,g.. i, pay. y'ly. oall.Mt-.o*
Dominion
p. c. (see text, p. 87)
s.f .see
text
1895
1901
1,000
1,000
,000
1
100
1893 500 Ao.
1809
2d mort.Editon gteetrie III. Co., Bo$ton Btook
Edtion Electric Illuminating Bee Kings Co. El bc. Lia HT A
Electric Storage Battery Stock (9458.7<
texl
Blee. Vehicle Co.- Pref. stock, - p c. Don
'0,000
Ref. lnt mortgage, 12,2 >0,000 v 74, p 08) n«»
1902
Emjjt
-'nek, mini
'.(MX)
Preferred stock, t; per cent, cumulative
EqiiitabU in. (bis L.Oo. of Phlla.— Ut M ,g.. red.al 105. N
m tral Aepkalt— Common stock, 3
00..
.,
I
i
m
Pref.
i
stock, 5 p
o.,
oum.
irter j \ears,
su.ooo.ooo...
General Chemical Co. Common stock, $12,500,000
Preferred stock, 6 per cent, cum 912,500,000
General Electric Common stock, + I "..ooo.ooo
Dehentur.
,ok. +2, 500,000. g..red. text.o
.
(
Win. )<rn nip a son*'
Niii|,
100
l'..u
i
16,2
100
100
Stock— stock,
7,4
i
1902
:
\
i
!
July
Che,
ni,
1900
I
N. Y., K
N. Y., Morton Tr.
1,
Ai.r.ll.
v.
1H05
I
(heck- m
J.
if.
9
J
Jr.
1928
1.
New
I
ft
York.
.
do
Check
A A N.Y.,(iu.Tr. Oo
I
14
08,
fron
.
!
I.I. 111.
\..ri.
-
Owns
Jersey.
'
basic patents for storage battel
i,
p. 76,
In
and
Electric
V
R1
7
.
.
.
Empire
vi,.,
ami iron < <>.— >i e pa^e lb7.
Kqilllable i.um Ll-lit (ol"N. V .)—OAI CO.
i:<|iiltable 111. Gas Ugfel oi iMillo.—
page 168.
Brie Tele-rrapli A Telepli.—See West'n Teleph. A Telegraph Co.
(e ni'Mil \»phali Co.— ()K<; vm/vtion. — Incorporated in New Jeri
i..
page 167.
i
sey on Mav 19, 1903, as successor of the National Aspha
plan 7. 75, p. 188; V 76, p 1145. l'rop.rtle- controlled V. 71, p. 545,
700; V. 72, p. 211, 286; see also V. 73. p .290: V. 70. p. 530, 993.
ii.— The preferred stock has preference
to assets in case of
Liquidation and is limited to dividends of 5 per cent per annum (oumulatl\e after 2 years); it is convertible at any time, at the option
of the holder, into oommon stock, on the basis of 9150 oommon for
$100 preferred, but will be subject to call at any time after 3
years at 110 on 90 days' notice. Practically the entire issue of the
preferred and $10,000,000 of the common was issuable at once, tin
remainder ($7,000,000) of the common beln*; reserved toward conversion of the preferred. Of the Immediate Issue of common stock 94,500.000 was purchased at 50 by a syndicate f urnishlnK $2,250,000
for working capital and payment of certain li
Votino Trcbt.- Stock 1b vested for ten years in five voting trustees
vis., Rudulph Ellis, William F. Harrlty, Alvln W. Krech, Henry Tatnall and Qeorge H. Turnlmll. but the trust may be dissolved In whole
or In part at auy time by unanimous concent, or after seven years as a
whole, In the discretion of a majority.
Bom.s of controlled companies outstanding (not owned), $1,000,000,
Harder Asp. p H v. deb. tis, due April 1. 1916; £33-1,000 New Trinidad
Lake Asphalt debenture 6a, due Jan. 1, 1930; 9400,000
debenture 6s, due Jan. 31
n Asphaltum 25
veer 1-t r s. dated July 1. 19oi. subject to call at 107. V. 70, p. 993;
V. 71, p. .M5; see also securities owned. V 73. p. 290.
.r.
Reporl (of receivers) ror calendar year 1902 In V. 76, p. 808,
showed: Total gross income, 813,388,0 0; nel earnings, $552,756;
add losses of previous rears charged
actual net
famines for
109.—( V. 76, p 1145,1251.)
I
President. O.
Wirt; Aud., II. C. Cram.
N. Y. office, 27 William
8t., N. Y.— (V. 75, p. 293; V. 76, p. 333, 380. 656. 10
l)l»t UlorO
Peenrltlee Corporation.— Ok<; vvi/ vtion.— Incorporated Id New Jersc\ on Sept. l 8, 1902, as suocessor, per plan v. 7
&1310. 1,858, of the Dlstillliis- Co. of America, the latter having con
ol of the American Spirits Sffg. Co.. Kent icky D
Warehouse Co., Spirits Distributing Uo. (dissolved in 1602) and Standard
DlstllliiiK & Distributing Co.: see v. 88, p. 122-1; also several rye
whiskey concerns. Including Hannis Distllllnu Co. V. 69, p. 1
745. List of properties, V. 73. p. 130; Y. 71. p. >U5; V. 09. p. 957. Independent distilleries, Y. 71, p. 157; otiieiai statement) V. 70. p. 100.
Kin vncial.— Under the reorganization the fixed charges were reduced
from $1,000,000 to $800,000 yearly and the total outstandu
i:.
56 Michigan Avenue. Onieago.
I
.
i
General CnemleaJ
<
<•.— ok<> vvi/
uiov
Co.. N. v., James L. Morgan
Otllcial statement. V. 74, p. 1093; V. 73, p. 721.
director. V. 76. p. 157.
.
i
James
.-teyer
is
a
ending Dec. 31, 19"2. with balanoe sheet,
.irgM off. $269,Net profil
for year
8, p. 880. showed :
6 '. c. on preferred
1.819; gross profits, $3,806,860; Interest, taxes, additions, etc.,
$1,572,501; netprotlts. 81.784,856, against $1,657,850 in 190O-1. See
also V. 75, p. 904, and balanoe sheets of proprietary
p. e.
per an.
(l<i Q.-J.J
paid
'.>
NI
.
On pref
On oomm
: In
.
,
dlv.,
i
p.
c
<>n
f,
common.
'03.
'1
both
and
iiiarterly in
v. 76. p. 437.
I
and Deo. out of earnli
Vlos- President).
Steel.—See page 167.
of Boston.— See page 167.
.
.
and bonds from $83,130,000 to $-H.5u>,000.
Owns nearly 90 per cent of the stooks of the Distilling Co. of
America. The new bonds are secured bv the deposit of lie stocks and
bonds acquired, and are redeemable at 105 after 1908 an
at option of holder into stock "t par at any time within 10 years.
Dividends.— On pref., Jan. 1903, to July, 1903, both Incl. 1 p.c. quar.
Report.— Report for year ending June 30, 1902, in V, 75. p. 906,
showed gross sales of constituent companies and all other income,
and Treasurer!. Amory Q. Hodges tlii-'<>ll Murrar. W.
Brentwood Smith. J. K. Hulshizar. Executlvo committce-K. .). rnrlcr. \V. P.
Ward. Araorj Q. llodites. Asst, Treas.. H. W.Jones. Office, 27 William St..
N. Y.-IV. TO, p. 9a, W76, lf>7; V. ~,T. p 91.)
*
M
i<
under laws of Illinois. Owns factories at Barberton, O., Detroit,
Mich., Oshkosh, Wis, OawegO, N. Y., etc; also store proper
ties at Baltimore and Philadelphia, and saw mills at (ireen Bay, wis.;
Athol, Mass.; Keene. N. H., eic. with extensive pine Stumpagc
p. 135. V. 76. p. 3S0, H)s7
ifornla lumber pure).
Butte County RR., see V. 76. p 380; Brvant * May. V 76, p. 656.
Dividknds.—
)
1893.
1^95. 1896 to June. '03.
1894,
Since 1892. p. ot. S
21ig
20
lo
10(2>«quar.)
8tock.— Increased In 1895 to $11,000,000; in 1899 to $15,000,000.
Annual Report.— For 1902 In V. 70, p. 380, showed net, I
111.
1.
authorized. $ls,0O0,oO0 outstandlnic, pref.,
1
convertible Inti
p. e. cum
".
share; coiiimoii, 915,796.785; pat of si
After 1 p. c.
on pr
Ian. 2, 1901,
eferred, common and preferred sbar<
8 P.O. Was paid on preferred in full to Dec. 31. l'.»00; Apr., 1900, to
July, 1908, both inclusive, H» p. <•.. Quarterly. On oommon, Apr. l.
to Juiy 1, 1903, both rnelnsrVe, IM p. o. quar. (Q.—J.). Tlie
rtookholders voted in Apr., 1903, to allow- tie
\'. 76, p. 868.
into oommon stock at option oi holder, Shan- for ihan
KkKMN'is. - Statement for calcielar rear 1903 In V. 77, p. 31,
dd, $312,427; bal..
Showed total ne1 earnings. 91,113.199
reporl
surplus, 9300,772; total sur. Deo. 31, L902
President, Herbert Lloyd: 8ee and Treas..
for 1900 In V. 72, p. 578.
Walter (i. Henderson. Phlla.
Director-.. May, 1908, V, 77, p. 31.
Ollice, Allegheny Ave. and 19th St., Phlla., Ps - ;V.77
3 1,91.)
Bleetrte Feklele Co.—OaoAjnaATiow. -Incorporated in 1897
under the laws ot New Jeney. V. 70, p. 1197, 1252; V. 71, p. 1169.
ji. 195.
See V. 69, p 850. As to status In Sept.. 19o'
De
ciston upholding Belden patent, tee v. 7C i>. 754.
seccritiks.— Common stock authorised 91 i.ooo.ooo; Iasued9
to be
000; pref., aee table After 8 p.c. on oommon, d
llvlded pro rata between the common stock and the preferred Btook.
152,300 pref. and
ige Battery Co. In
12,800 oommon stock, and $ 44,000 bon
Dividknds. -On pref.. April, lsi;i;i,s per
c. On
oommon, in 1899, s ]>. c. None since. Last reporl In V. 69, p.
Pres.. M. J. Budlong. ExeoutlTeOom., Philip T. Do.Ikc, John Hone
Factory and otllee, Hartford, Conn.— (V. 7t'>, p. 754.)
0, EL Day.
Detroit City Gas.—See p. 1G7.
Detroit Mack, A; Marquette Land Grant.— See n
Detroit Union BR, Depot.—See Sen t.tMi.xi, Oct., 1897.
Diamond TInUli.— Oi:o vm/
&, Etc.— OrRanlzed In 1889
Edison Electric
Jan.
took
.
Dominion Coal Co.— Dominion Iron A
,
1
;
$1,000,000; balance, surplus,
dent and Gen. Mgr., Frank B. Smith. Pittsburg, Pa.;
Julius Bleler, Pittsburg, Pa
Directors, Jul
(V. 76, p. 50, 137. 181. 590, 975; V. 77. p. 1
W. P.Ward
1.
Oo
r.
I
J.
34
ilaon
New
-
Curley (President).
1927
1915
1911
\m. I.. \
'08,4%
New England Tn
Moh. 1. 1913
J Bank of Montreal, Can. July
... 1918
Aug.).
N. Y.. Merc. Trust Co.
.1
.V
850.) Acquired In
Oct., 1902, the Chloride
Englaml. V. 75, p. 908;
i,t showing propi
,
DiuBCTORS.-E. J.
S. tronl.1 (Secreiarv
ul v 27, '03.1%
I
i
t
B,
l,
Ll'nelS
•
<
-
otlloe,
rr
of llrookl) ii.— S. a |
BdlaOBl llhclrlc llliiiiilliallii^ ( ","l N. u
BOISOM ". under Consol. (ias of N. V.; also April.
Klcctrlc It out Qn. gee page 107.
.-167.
Ib'ClrlrCii, of America —
Kleclrlc Morale llallery.— Incoipoial. ::
I
.
674; In 1901, $2,021,072; In 1900. ber; Treasurer, J. K. Robinson; see'v.
O oaxa
,
.V
i^.-J.
8 In 1902 Q.-.I.. 1".
1,100
2.04
1
General
,
ieck
5 In 1908
1
lo.ooo.OOO
m
i
1923
1918
1.000,000
1
V. 76, p. 921. 975, 1087.
Divm.ini.s.— >
'92.
'93. "94. '95. '96. *97. »98. '99. '00. 01. '02.
Percent.
j8<620so. 10 18 7 None. ..
5
5
5
3\.
The Deo., 1902, dividend was passed. V. 75, p. 1256.
Kki'okt— Report for 1902-8 In V.TO.p.lJ 46, 388, showed 98,519,169
gross, over « per cent (9800,898, against 9885.286 In 1900-01) earned
on stock; $21, 730, 874 orders on hand. Dividends paid, 11121,200, 2
p. o.; surplus, $179,198. Directors 1903. V. 70, p. 1 145.— (V. 76, ill".
Crucible Rteel Co. of America.— Okoasiz ktion.— Incorporated
on Jul} 21, 1900, under the laws of New Jersey to consolidate 13 propertics, Inoludlna the Park Bteel Oo
etc., named In the prospectus, V. 71,
p. 32, claimed to represent about 95 per cent of the output of crucible
steel In the U. S
8eo also V, 73, p
k authorized, coininon,
$25,000,000; pref., 7 i>er cent cum., 925,000,000: par, 8100. No bonds
Owns quarter stock and>:uaran tecs bonds of ClalrtonSteal Co., which in
June, 1902, absorbed the Bt Clali
ETumaoe oompeolee, the remainder being owned by the D. B. Corporation and the
OUver & 8n j der Interests. rheClalrton Company, It was stated, In
July 1908, made a mort. of $1,133,000 in connection with puschase of
coal land- Bee V. 79, p. 824, 1
p. 394, 447. 618,641
p. 82, 908; V 78
T. p
149 Dividends on prcf., Dec. 1900.
io JTnae, 1908. 7 p.0. yearly (Q.-M.) 7. 75, p 1102, v. 76, p. 50.
Kkpokt. -Report for year ending Aug. 31,1902, was In V
904, showing: Net earnings. $3,503,161; other Income. on pref. stock (7 p. o ), 91,750.000; dlv. on outside hold
425) of Park Bteel Co. pref. stock (7 per cent), 916,689; obarged off,
v
1914
1.
.oi>o,000
l<
Rushton, Philadelphia, and
Cumberland Telephone A Tele- raph.—See
Denver Gun A- Hectrlc—See page lt>7.
Denver Union Water Co.— see p. 167.
an
6
5
100
100
100
100
100
280,000; par of shares,
the following voting
II.
m
I
1,000
A majority ha* been deposited wn\\
and Richard
2
.
3»*tn03
a Bagflne BnllaUna <«•.— incor
Jam
as increased
'i
By check
A O
1,
Jan.
Emerson,
J 1.400
i
$100.
a. v
July
'heck- n
.
5 In 1902
I
B.l
l,7<
1,000
1
trustees: E. T. Stotcsburv
Geo. F. Baker, New York.
N.V. Fourth Nat. Hank.
<
a
Due.
Stocki— Last
Dividend.
LVD CO" SOL
B
100
100
Penn. in 1871-72. In April.
maturing part Jan 1, annually, viz.: $80,000 for 5 years, then $110.000 for 5 years, then 9140,000 for 5 Tears, than $170,000 for 5 years
but subject to call lit 102 •«. were Issued, secured by 95,000.000
5s of an authorized Issue of $7,500,000 of the hitter, 92,000
reserved to retire prior liens and 8500,000 for future purpo
V. 76, p. 921, 975. Plrst M. gold 5s of 1899. 91,425,000 (lnt
due Mar. 1,1929. but snbjeot tooall $25,000 yearly ut 110 for a sinking
fund. V. 07, p. 1310, V 98,
In
J.
!.*>
1,000
oo.OOO
-
A
5 g. J.
30.500 2"9ln'01
5,055,000
5 g.
365,000
r.
15.000.000 10 In '02
Bee text
5 g. A.
6 ft
1,750
-0,000
J.
5
3,000 000
8
2,571 000
6
7. '10,010
5 r J.
Ml, ODD
6
10
pal, When
by
Whom.
tyable
9,000,000
«</n<f«— Princi-
>K DIV1D.
Where Payable, ami
Whi.n
Rate per
130
William H. Nichols; Treasurer, James L. Morgan
Y.25 Broad dt- (V. 76. t). 330, 381,137,657.)
8eo..J. Herbert HatfK.N.
General Kleclrlo.—Org \si/. vtion.—
charter of New York. Apr. 15, 1892. and m
railways and all kinds of electrical »n,
cnts with Westlnghouse Electric A Mfg. Co
*
(
trio
:lai
>at1
a
.
156
sPfPLBiyram.
usfVESTOBs
MISCELLANEOUS.
_ ,
Date
Size, or
For explanation of column headings, Ac, see notes on
of
Par
page of
llrst
Girard Point Storage—let M.,gu. p. At.Pa.
Grand R
;A4— lsl morL. fold,
Havtn
Hobn
,
RR
r
call at 110.
1890
Co
STUEL TK.VILW AV
Public 8 rvice Corporation In
>
STAT!
:.
cumulative, $60,000,1
•0.000, BUb. call text.
I'F
1902
36.000
i'rcf
Inttt
M.,
100
100
100
7
I.
1898
1903
1,000
1,000
100
100
I
1,000
100
100 &o.
1901
Contract!
05, p. 151; V.68,p. 1024. (8ee V. 68. p. 927). V. 70. p. 6 9.
for power, V. 72, p. 5S3. In June, 1901, obtained controlling Interest
In British Thomson Houston Oo.. Ltd.. of Loudon. V. 72. p. 1283. Iu
Feb 1903. about $2,000,000 of the $3,000 000 stook of the Stanley
Electric Mfg. < o. was purchased. V. 70. p. 437.
Own- the rights tor the United States under patents covering Curtis
steam turbine engines, v".7©,p 1195.
Stock was reduced on Auk. 17, 189S, 40 p. 0., viz., from $34,712,000 to $20,827,000. On July 15. 1902, a stock distribution or
06^3 p 0. was made, thus restoring the 40 per cent surrendered in
1898. Bee V. 7 1. p. 729, 777. 1199, 1.252; V. 75, p. 32.
Dividends. Dividends on oommon stook July 15, imi!», to July,
1900, l»s p. a, quar. (0 p.c. per annum); Oct., 1900, to July, 1903, inch,
2 p. c. guar., and in Jan., 1901, 1 p. o. extra. V. 71. p. 6o4, ii22.
Debentikes.— In 1902 $2,049,400 3^ per cent 40-year debenture
bonds were Issued, redeemable on or before Aug. 1, 1912, at par and
thereaiter at 105 in exchange for the greater part of the Sprague
Electric Oo. stock, per plan V. 75, p. 139.
Annual Report.— Fiscal year ends January 31. Annual meeting
is held the second Tuesday in May. Report for 1902-03, with balance
sheet of Jan. 31, 1903, was given at length in V. 76, p. 917, 924.
C—
—
induct—
I'earend.J.ni.ai—
.
1H08.
11)02.
.$80,089, Q* f32,s:i8.037
014,668
Baleofsecnr^Ao.
484,060
U38,5sa
$30,122,060 *:s3,852,303
hi
1902.
lyOS.
Op. exp.4 taxes..$2S,8»«,-81 $25,254,122
Int. ondebent...
4^,310
44,831
ui.sm
t}»7..su
t>73,«50
Royalties, etc.
Int. and dl v....
Bal.for div., 4c.$(0.23.',8:<8
IM,555,931
Balance 1902-03, as above, $10,232,838; cash div. on stock, $2,677,"
263; total surplus Jan. 31, 1902, $15,287,141; deducting $16,746,133
stock dividend and *1,613>80 from patent account, leaves total surplus Jan. 31, 1903, $4,482,702.
(ash Jan. 31, 190.!. $3,682,556;
accounts receivable and work in progress, $14,586,063; stocks, bonds,
real estate, etc., $13,113,669; accounts payable, etc, $1,381,671.
Oehceks.— President,
Bec.M.
i".
C. A. Coffin; Treasurer,
Westover; «. Y.
Henry
New
office. 44 Broad St.
p. Iub8, 1195.)
Darling;
\V.
directors May,
1088.— (V. 76,
76, p.
.
I
J'l.l.MKNT.
Intern. A 11 tomolille Ac Vehicle Tire—See page 168
Iniernatlonal Harreater Co.—Incorporated in New Jersey on
Aug 12, 1902, and purchased the property and butinesa orthe follow-
ing leading concerns manufacturing agricultural machines, viz.:
(see v. 75. p. 292). Milwaukee Barvestln
1
'.
Oa
Harvesting Machine Co.
Piano Manufacturing Co.
Warder, Uushnell & Glessnei Oo. (Champion).
In addition to the Mve plants owned in the U. s., one plant Is under
construction in Canada; also owns timber lands, coal, ore, blast turn inlek
naceand
steel pi-opi iiie
,p
V.
.
:ii.~>.
lUthorfzed, $120,000,000, all one class, to be 6 percent
cumulative preferred in the evenl or an Increase In stook; the new
stock can only be author-in d by vote <>r two-thirds of stookhol<
"mo -. Oyrus ti. MoOormlok, President; Charles D erlng. hairman Executive Committee; George V7. Perslns, Chairman Finance
Committee; Harold f. oCormick, James Deerlng, William H. Jones
and John J Qlesmer, Vice-Presidents; Richard F. Howe, Secretary
and Tn aiircr.— iV. 75, p. 3-15; V. 76, P
<
>i
I
ini< rimiroimi nereantlle Ularlne Co.— Oik; vm/.ation,
— Forraei ly the International Navigation Oo., the name being ol
lnorea ed
V
1093;
t<>
provide, per plan
Etc.
Tip
V
for the amalgamation of Atlantic
p. 1089, 180
which was Una nee. b? a s] Ddloate headed by J. P.
ni propel ties were taken o. cr on L>oc. l,
1902.
7. 75,p. 1257.
The following lines are included:
Tonnagi
Tonnag*
_
WnlteStat
866,000 Leyland
Amerioan
17 ,,„ wi Atlantic Transport
' """ Dominion
71.000
As to agreement wltn Qerman lines, see v 71. ;>. 1255; relations
with E
iimieiit, v. 75. p. 735; V. 70. p ;»;:,.
The U
'«i
id n c Oo. "f Belfa -t. with which a Btrong working aiiianoehae been made (see V. 74, p. 10
understood,
est In the Holland America line.
lank Bonds. Stook authorised. $60 000,000 each of oommon
to 10 per cent per a uu inn, while the debentures are out
per cent urn. pref.: par of shares, $100; of the Mock, $12,id
lt ,400.000 preferred remain in the treasury The
I,
.
stupl"
'
75,
i,
-•
i
•
1
/
t
i
i
'
<,
|
1
1
i
il
•
)!
The Internatlomi
at
1
o..
b ili r
5
\
ears.
call at par after 1908
fund of $25o,000 to «
111 retire them annually,
beginnlbgMa] L, 1905. President, O. A. Grisoom, Dlreol
i
iiiUint'
.
B. J.
B
rge
w.
P. a.
h nridsner,
B. n.
A
A.
A
1.
1,
Feb.
1940
1015
Junel, 1922
v. y.. Company's otlice. Feb.
N.Y J.P.Morgan A Oo. Oct.
Q.-J.
:
g. iF.
A
Baksr.Joha
Perkins, Jsmss n. Uyde, Cbarli
1,
1,
,
July 1, 99,1%
July 1, '03,11s
Feb. 1, 1918
k* mailed,
6
6
1929
1922
l).
&O
do
do
Y„ Met.
N.
A.
Tr. Co.
v. A O April, '03, coup. pun.h.
See t.
See text
4 in 1902 Q.-J.
See text
Checks mailed.
1,085.313
None
3,770,000
6 g. I. a D. N. Y..T.AT.. 71 B'way.
.!.
New \'o- k.
2,000.000
A .1.
12.262,500 4 In 1003 Q. .1.
Checks mailed.
8,850,0<to
in 1903 i^.
F.
N. Y
Iway.
2.500 000
A;
J N V Colo ial Trust Co
2,000,000 7 per an. M. ,V N N. v.. Guaranty Tr
o.
I
700.o<
i
J.
&
J.
i.
Oct.
1.
July
1
.
At
Deo.
Jan
July
AUg.
1
1%
'03,
,'03, 1»*
1,
l
1%
1948
1933
.
1
Jan
Ma]
1951
'03,
will.
1,
1,
1913
,'03, 3i«
N.Y.,CtKeaLB.&T.Co. Jan.
1.
1921
Britiih Committf*.— 81r Clinton B. Dawklns.SU. Hon W. J. Pine, Henry
Wildinjf. Charles K. Torrey. .1. Brace l.-may.
Executive I'ommdtce.—C. A. Uriacom, P. A. B. Widener, F. J. Berwlnd, Charles
Steele. Oeornc \V. Perkins.
Broad and Sansom
office, 71 Broadway. Phila. offlce to be at
(V. 70. p. 922, 875, 1033. 1411; V. 77. p.
N. Y.
sts.
International Nickel Co.— See paj;
International Paper.— Incorporated
.Ian. 31,1898, and took
over by purchase twenty five of the principal pulp and paper mills of
the U. S., see V. 67, p. 42* and V. 69, p. 49 I; also applications to list
in V. 67, p. 1359, and V. 68, p. 726.
Daily output of finished paper
about 1,500 tons. 8ee prospectus in V. 60, p, j-< and V 87, p. 177,
also omclal statement V. 69, p. 281. The Continental Paper
a majority of whose) $5,000,006 stock is owned, has built a factory
at Rumford Palls, Me.; its capacity was being increased in Oct.. 1901,
trom 5.000,000 to 10,000,000 bags daily. V. 70, p. 742; V. 69, p. 494.
90>-i;
V. 73. p. r<6. The American Realty Oo., organised in 1901
to handle some 250.000 acres of land in Maine belonging to the International Company, baa made a mortgage for $500, 00i>; outstanding,
$472,000. V. 73. p. 392; V. 75, p. 1205
Dividends.—On pref..Julv,lS9 i', to July, 1903, Inclusive, 6 p.c. yearly
(l^ quar.) On Dec. 31, 1898, paid on common. 1 p.c; in 1899, 2
-
1
c; none since to July. 1903. V. 69, p. 593. 957; V. 72, p. 1037.
Bonds.— The consolidated mortgage of 189S covers all property
subsiqu-ntly acquired, as well as that owned when the mortgage was
made. Of the underlying bonds mentioned below, bonds are re>
to take up the (Mens Falls and (>Cs Falls issues, viz.:
$1,500.0 u Hudson River Pulp A Paper
to call at 106,
In whole or in cart, Jan.
(ileus Palis Paoer
or July I. ol any year after
p.
i
1
<
i:
:
assume. i. * ,(> i.m 0: Otis Kails I'nin Co., assumed. SM84.000; Bemlngt
per Co. bonds, assumed, f 178.000; C. K. Keuiinmon 4 Sous Co., ito.ooo; Olcott
Kails Co. bonds, «;-The tlrsi mortgage purchase money gold bonds issued by the International Co. since its formation for properties acquired arc:
R'HldS—
lln. rr paid.
Maturity.
Intermt.
Oil >f IN".
Mill,
Ammonon»uc Lumber
M
Oman
1st
M
.Y. JMet.Tr.Co.
$
,K
-
"
do
do
do
do
do
H«. F-A.
Full* Sulphite 1st SI. Off, J-J
I'iseatHquls Kails Paper, 1st).,. v .
Kumf'rd
Qlneoae Sugar llcfiiiiiig Co —See Cora Products Co.
<jiold A: .stock Telegraph Co.— See Westekn Union Teleoraih.
Grand iCapldM Gae-Llght Co.— See Ameh. Light & Traction.
Great Lakcit To wing Co.— See page 168.
Ifa< UciiHitck Water Co.— V. 75, p. 1089, 1205.
Havana Commercial Co.—See Havana Tobacco Co.
Havana tobacco Co.— See page 168.
Hawaiian Commercial A: Sugar <'o.— (V.76, p. 755.)
Herrlii^-Ilall-.Harvin Co.— See p. 168.
Hndion (on uiy (,a«.— See Public Service Corp. In STBEBT Rul•
Oct.
V..
;.
06,700
9,245
,
Income— Sales
.>.
I).
100
1901
per cent, cumulative, $9,000,000. .
Dlvi
v.
li. p
loo)
1st M., $4,500,000; s. f., called at no, beg. lOOl.Co.o'
•00,000, gold, redeemable at par
Into
rump Co.— Com. Mock, $18,500,000. ..
1'k
>er oent. cumulative, $12,500,000
Dei
O00(oonv.lntocom.8'tk)red 1051
Worthinirtoii, pref. Btook, 7 p, c. cum. (pee also text)...
Holl.Olfg.,lst.M .*7oo.OoO,g.,gu p.Al.eml (V.73,p. 1 1 17)
8tOi
17,1
100
1,000
1898
00,C»rn,red.atl05, s.f.,$200,
4took, oommon, $11,000.000
•
F.
J.
V.
£50
stock, common, 920,000,000
100,000 (underlying bon
,g.©a.r< <L a£'0? at I05.ou
1,000,00
<
5 g.
•i
52.001
r
1st oo
& A
&.
SL'I'I'L.
1,000
<••
'
Inter.
Philadelphia.
i:..MeMillin&Co.
New York.
O.
F.
J.
g,
g.
100 120,000,000
100
48,000/ 00
100
00,000
1,000, ivd.l'
'
5
5
Whom.
Payable!
3**
Due.
Slocks— Last.
Dividend.
liy
RPOBATIOH.
-
Mock, $120,000,0000
Prefi
Int'l
I..M
Cent
$2,214,000
1.225,000
7.50O.OOO
1,000
pal, When
Rate Per
Outsta
$1,000
1903
A Hobokkn Fkkkv.
v.
.
Amount
1S'.«5
$ 10,000.000, gold
Bonds— Princi-
INTEREST OR DIVIDENDS.
When Where Payable, and
_,
Bonds. Value.
tables.
[Vol. LXXVII.
*
I2S0.0OO
160.00
I
Sept. 1, '18
Keb. 1.'18
do
'18
July
1.
Aug.
350.000
1. '18
Report.— Report
for year ending June 30, 1902, in V. 75, p. 440:
Balance,
Gross
Coat ran- maDividend*.
Interest,
surplus.
income. Uriels, mfg. etc. taxes, it
[6%)onpref.
1901-2. $19.7l!i. 121 if 16.S18", 225 $1,003,740 $1,344,402
$553,054
1900-1. 20.711.902
907.267
10,750,245
1,344,402 1.709,988
V. 70. p. 482.
In June, 1900. entire floating debt was paid off.
OFFICERS.— President, Hugh .1. Ohlsholm; First Vice President, F.
H. Parks; Second Vice-President. T. T. Waller; Treasurer, A. JX. Purbank; Bec'y, K. W. Hyde. 30 Broad St.. N. Y.— (V. 75, p. 796, 1205.)
International Power Co.— See page 168.
Fiscal
year.
.
international
Suit
New Jersey
Co.— Organization.—Incorporated
in
In Aug.. 1901, and in Nov., 1901, had acquired a majority
stock oi the national Bait Oo. (see page 170> and Ketsof Mining
Co. per plan V. 73, p. 72 I. V. 75. p. 551. 736; V. 76, p. 755.
Default.— No funds having been provided for April, 1903. interest
the coupons were purchased by friends of the management through
the Knickerbocker Trust Oo. see v. 76, p. 755.
Stock, Etc.—Oi the $30,000,000 stock. $11,350,000 was to be used
with $7.500,000 bonds to acquire the Btock of the National ami the
stock and bonds of the Retsof companies; $7,400,000 stook was
Issued for expenses of organization. $1,000,000 working capital
I'nderh im; bonds $240,000 Hutehlnaon-Kansas Ball Co., due Jan. 1.
oo.OOO
1912, an. Retsof Mining Co., $1,000 gold 5s du
(int., J.&J., at ECnloki rbooker Trust Co.. N. V.. trustee); United Bait Oo.
of Ohio trual certificates (form, V. 72, p 286) are in default, contract
with that co. being in litigation (See V. 74, p. B78; V 7«,
Prea.E. L. Fuller; fee. ana Treas.. M. M Hei.lingJr. Offloe, 8cran<
7C>, 1146.)
ton, l'a.-(\. 76, i>. i;;t
ni the
i
i
Internationa]
Silver.—Oboajtikatiom, Bto.— incorporated
in
Nov., 1H9S, under the biwa Of New Jersey and acquired control of
silver piaiiiik' properties see list In V. 67, p. 1160; also \
334, 1024 ; V. 78, p. 106, In 1899 estimated output about
Of the total silver plating output in the U. S. Also has a luri
ling silver output. Bee application to list in V. 68. p. 884. as t" ru-hts
of stook. plants, etc. ?. V7, p. 1100; V. 68, p. 1024; v. 71. p. $45.
— In. Ian., 1903. a settlement was made with In!
1.7H0 common and 1015,800
preferred stock, suoh stock so acq itrfd and all
A Bro. being now owned bj the! nternattonaj Co.
The
payment therefor $1,500,000 pref stook and
\
majority of tl
V.76,p 106
p. 0. debentures
lerred steel; Is held In a voting I111-I. Dnderlylns bo ds *127.600
Holmes A Edward* 1st lis; Ko.eis \- Hamilton. Wale bury. $30,000.
DmDBWDB on preferred, 1*4 percent,pald April, 1900; In 1901, none;
Jan , 1902, to July, 903. both lnoi., percent yearly d p o. ii.— J.);
to dai
Ian., iio: I, scrip lor unpaid d!\ ldelids (21 'j p. c
V 75, p. 1357; V. 7o, p. 106,
13.
report for ear ending Dec. 31, 1909, With baL sheet in V. 76, p.703,
showed net earnings, $481,197; int. on bonds, $220,022; div. on pref.
stock (4 p. c.i. $2) 4,300; depreciation written oil. $ 42,tf07; bal., sur.,
Fres., Samuel Dodd; Treas., Oeo. u. Curtis; OfBi
$214,218
Maiden. Lane, n. v. Directors, May, 1903. V. 76, p. 1038.— (V. 76, p,
106, 507, 7ii3, io33.)
which
of the
ai
I
os of
Rogers
latter Issued in
(
'
i
)
I
\
International steam
Wrnxmrbnrr,
tion of
ii\
e
.
Pomp
Co.—Oeoakizatiom.— Inoorpoconsolidaof the steam pump
under the laws of Nca
companies estimated to do 90 per cent
i
b
.
July,
MISCELLANEOUS STOCKS AND BONDS.
1903.]
Date
For explanation of column headings,
first page of Cab
tko.,
Kinqt County Electric high
lsi mortgage, gold,
-tock, $5,000,000.
KrliHon Hi.
111.,
Lacki
cons M.. now
1st M., 120,000,000,
Latin
l"..
on
Size, or
M
Q
6 In 1902
4
J.
g.
1,000
I
l>U
>
Con
mo
1901
fork.
I
M
M
do
Ac.
Philadelphia, ottloe.
oanal,
,
nd76 m.
I
L.
I.FP-.
i
A 122 m.
.,
lilt.
M .jr.
;2d
PIPc"
30
LOO
100
100
LOO
?25.000,000.OII.
k
h
;r. ('„,,$ Coal
rri'i.
.f
Co*e— Coin,
10.00
1.912,600
Ml
100,000, (fold,
National Atphalt—fee
dm
Obnbral Abphai
<•
1
.
Henry
u. Worthlngton
8 p. o. prof .shares of
<
•18H,3oo 6 p. o. de
,0
A KnowlesCo. Holly Mfg Oo bonds, see V. 73.
Blake
1117.
tookholders on Deo. 22, 1902, authorized the
issue or $.{,r>oo, ooo debentures and a like amount ol oommon stock
into whion tii.> are convertible at the option of toe holder, for
Improvements and working capital, ?".',300,000 to be Issued at present.
V. 75, p. 1805, 1357; V. 76, p. 106, 815.
BlPOBT.— Report for year ending March 31, 1003, given In V.
77, p. I4\ showed net proiits, 82,113^368; dividend on preferred
11,000; Interest, etc, $585, 70'.>; dlv. on oommon
il., sur.. $5o(l.l56.
President, John W. Dnnn; Treasurer,
Otllce, 114-118 Liberty St., N. Y.
New directors, June,
1902, V. 71,
3, p. 1304, -tV.7ff,p 1251, K oi. V .77. p. I 15.)
p.
I»i.i
I
|
i.
;
Iron sieu in boat.— Seepage 1'
Jefferson x Olenrfleld Com]
& iron.—Bee stir Apr, 1908.
m April. 1-.97, in
,
Knnans
City, no*. i;hn Co.—Organised
and acquired all the property,
•'
City (las an. Missouri (las companies.
I, OOO, OOO .utile
feet a day, 257 miles of main pipe; in. tern to u
21,120.
Capital stock, 85.000,000: par, 8100. Bonds outstandln
^om5h.
Interest Is pa
1, 1922, subject to oall at 105.
I AO. at N. Y. otllce of Guaranty Trusl Oo. orM. A N. In London
Report for vearendiiu' April :io. 1903, V.7d,p L405. Net. 838
Int., $197, ill; b»L,$189,829. Ptes
HughMoGownn.— (V.78,p 1406.)
Kings Count) Eleetrle LlnntsY I'ower.— This company, own
tag a new power station on the waterfront li> Brooklyn, anil other
ty in that borough, acquired In 18
a in V. 67, p. 482,
iheein
oo capital stock of the Edison Electric Qlumlnatinq
Co. of Brooklyn, thus uniting all tlie eleotrlc Lighting busli
I
I
.
,
Brooklyn
v.
.
m.
p
|
l
OO
Of the
new
stock
one half payable Ma] land the
1,1903 msklsg the amount outstanding
DrvtDENIw.— June, 1900. to Mar 1908, 1 V quar
Earnings- statement for caL year 1902 In V. 76,
;
i
ments, etc
.
847,046;
iiii.ti r
dh on
.
1949
1.
t.
July
do
1
seoured control of
1
18
the ot her gas oon
all
i
In
is.
I
~>
authoii.
Dtvs
]»ar of
',
I
;!>().
-
'.
D.c.
tO
i!
>2»«
>
share-
'97. 98. 99. 00.
7 (3>« seml-an.) 8 5 5 5 5Jn-,J'-..
4
11
3 3
ll.iNDS.— See application to Stock Exchange In V. 49, p. 657.
kxBstPOKT.- For rear 190'J net earnings were 81.158,
1901, $1,051, S70; N. Y. otllce. 30 Broad Bfc—(V. 78, p. B l, '.'22.)
Lelil^li Ciiul A: .N a \ l^atlon.— Owns canal from Coiipor'
miles.
(on, Penn., 48 miles, and leases Delaware Division
nn.
Com.p.
o.
5
6
5
)0
1
Also owns LehlkTh A Susquehanna Kallroa.l. Phllllpsburg, N. J., to I'nioii
Junction, I'a., id.", miles, with brunches, 60 miles, and leases
Nesquehouing Valley Railroad, 17 miles; Tresko* Bailroad, 7
miles; other lines, 17 miles total, 206 miles, of which 115 miles double
tracks; but all these roads are leased for 999 years from 1871 to
with a
of New Ji'M') BR., rent
13% peroentof grc
minimum rent ul of $1,414,400. Dstawore
from 1866 at Interest on the bonds and 4 i>. o. on stock, paid as rental.
Sr... K.-In Nov., 1002,91,486,860 new stock was sold to provide
V. 7;">. p, 1084.
tor Improvements and worklnir capital.
•neral M. of 1884 covers, aubj. to prior
.anal and 161 miles railroad; bO]
rved to
retire all i>rtor issues, (.round rents h.ii.1 mortgages, t'l II)
As to collateral trustbondsol 1895, see full statement Id v. 61, p. 154.
f. 66, p. 1139 (under "DeL Dlv. Canal"),
Formortgs
Issued Juli l, 18»8, bj the trustee
o retire iflSO.OOO Del. |)t\. ('anal 6s and for other nnrpow
iitional in July. 19 12, for property aoqulred; ul thi
rere reserved in the treasury to pro00 in Jan.. 1903
V. 70. p,
i Lie ior Boating debt and working oapital.
Jointly and sev-rally with Cent BB. of N. J. guarantees 81,062^K>0
Leo, A Hud. itu-cr By. gen. 5s, prln. and int. V. 67. p.
85 '86 *87
Drvs. smcel889< ,(.»l
1903
II '02
r
Peroent
I
4 4
'S)
8
B
B ~>h 6
S
:
lieAltNUAl. Rki'iiiu
76. p. 1301.
DinBS In
port for 1902 was In V. 76, p. 540
a 1902, 1,112,127
Coal
tons; 1801 1,1*05,495 tons; 19 0, 2,098,880 tons.
r snsVnf Jan. 81.
1801
1802.
From railroads
$1,819,276
'Hiials
def 77,036
def.9,077
10,7
7,403
<i*\ protiton Iveh.Coal..
dlsceUaneous
217,510
179,485
fi
;
I
1
14
•
I
'.•
•
•
Total receipt*..
axes, Ac... >
1906, .Inn.
108", -bowed:
p.
:.
-tock- <« p.
.
".
i
Laclede <;a» i.i".ln.—Oboahixatiom.— Incorporated In
h
<
;
-tlnkinir
fund
\
I
..
COy to extend the Held of its operations, v. 74. p
The prop.01. 437;
74, p. 1148; V. 76, p.
1
ol
nietit, V. 77. p, :; ii arc:
(1) Plant under (.instruction at Wont Seneca, near Hult.il
If, V., to manufacture late ;iiut nil classes of structural steel and other mat.
tlon to steel rails and billets, to bare i oapeetty of not ""-.tiiir
of rJnl*he.l or duel per annum; (8) ore pr.
<la ainJ New York, stated to oavo 5n.OUO,0
81.7KO acres Of bituminous OOal land* (owned In
eel In Pennsylvania, blast
furnaces at Colebrook, Pa., and ooke ovi
inon Pa., an interest In the
Cornwall lilt, and
rnwall Iron Co. the lwt-nami*d ben n leaved, and ab.u'
one third of the srnwall .t Lebanon BB
00k aiitlion/ei. all common. rtiO.000 000; parof shares
$100; of this. 1*19,971,400 la outstanding, full paid, am
heldfor exchange, share for Bhare, tor Laott. [.
b! ick;
!>mI for by stockholders in Feb., 1902, Is 60 p. 0. ]>..ld in, and
820,000,000 IS reserved tO retire convertible bonds. Y. 76, p.
•.
i.
.
1
-
i
Bonds.— The lirst mortgage gold 5 s of
100.000 antb
lasuei are secured iiy ,i tlist lien on
tnd the
stocks of other corporations owned. Tiie, ire redeemable at the
oompany*s option at 107 and Interest to Apr. 1,1906, on 60
notice and convertible Into stook, dollar for dollar, at ]<ar If not so
redeeme i, at the holder's option at any time between Apr.
and Apr. l. lvi:.. v. :<;. p ;:;7. Of the bonds. $15.000,000
I
^
A;
to.
r,
i,
Lelil^ll
WllkeMha r re Oal.— >.
Square <iHr«len. —
<
e
i.ioi.i
(
'.
mr.il
BR
of
El
MimIImoii
^la ulialtail IteiiCli Hotel A" Land f.».— <.-. page 1G3.
ManutiK -Hirer*' I.tutit A Heat Co. -See page 168.
Hartisi Co.— see page 168
Tfnrylaiid Coal t ...—
ntrols 6, OOO acres of land In Allegheny
tnd (tarrett count
><k- Preferred as In
u addiold common, :*i 1,100. ami treasury stock, $103,895. Pi
tion
-
I
1
dividends
15;
DiviiiKMis-
(.'.
48
. .
iV. 7
i
;
l,799(5'«)789.006 (4)57
13 sr. 330.647
Br.281.172 bt.388.764
87.077
loo.ooo
222,55-1
100000
Dividends
Balance
Depre'n and damage
baL. sur..
.
Pwe Anthony N. Brad] Trees., A. N. MeNni V. 77. p. 92
Knickerbocker leeCO.Ol Cli lea -.<>. — V 74, p. 580; V.76, p. 3 80.
i.Hikauiiniia «>ieei Co.— our, vM/. rtus —Incorporated
York on Feb. 15, 1902, as SUOCeasor of the Lackawanna lnm
544.
cks mailed,
do
aoedfrom$] l8to$l per 1,000
1896 the prid
Illuminating and so cents tor ruel gas. suits v
In 1808 North Amer. CO. acquired control. V. 76,p. 482,
K.—Preferred, 5 p. o, enm., 82,500000; oommon
-
.
llson Oo,
('In
nloiiTr.i
.1
'
76,000 purchase nionev bonds are secured
by deposit ..f 83,000,000 Edison stock In trust, b
morti:ai.'H lien on
County pla
owned or hei
acquired, and by $1,000,000 OSSh guaranty tnn.l
ie.1 in
securities approved by the committee— see v.87,p
Edison Co.'soonsol. mort'ge. see V 67. p. 482,842; V. 71,
The stockholders vot-.l on Mar. 8, 1903, to inorease thestook tr-mi
par.
A-
I
i
i
i
il
J.
5
,/
latlve pi
.v
r.
business n f tin. country, .\. !;i-n .• of hlirh duty engines. Ofilctul state7. 68, p. 723; V. 72. p. 673; v. 71. p.
report V. 78
nit;. Kew subsidiary oomp
I,
V, 76, p 1146.
i>.
In Apr. r 1903. was building a new factory at Harrison. N. J., to ooat
oversjil.oiHi.oii.i. v. 7 i. p.
.i
16.
1;
V. 78, p. 82, 315; V, 76, p. 215, 1
up. on pre! Ang. 1,1890. to Inc. l, L803, both LnoL, 6 p. o.
per annum, m> (£. J.; on oommon. July, 1901, to July, 1903, mot l p. o.
Suarterly; also
p. o. from rear 1902 :;. payable quarterly, beginning
uiy
000 7 p.
ok unissued Is set apart to retire tl
i
111.
Com]
.1.
1.000
5.000
ment In
rl
M.
7 In 11103
IM
N.Y.. 114Trll.ini.'
*
i
20.000 000
s
I-
10
6.(X
Indebtedness,
es of
A-
I
non-oumulatlve, $10,000,00
t,
.
July l.'O
l.H
1902
ULuntH.y
do
do
L898
xt)...
I
do
do
4»9g.
4>*k.
i
1,000
Mery,
1914
l,
KK.Fl'i
in.
i.OOO)
HatM
Apr.
do
do
>
ild.FP
Fd.
Maiiuf
Mary*
M>r.
Ac
Lthujh Ooa
1st
1st
Due.
-Last
1,000
1,000
$10,000,000, g.AIo.e
1st.
pal, When
•
Tln.i
1897
I
i»i\ II.
mat
Bund- Value. Outstanding
col
i|
mon M
Huron,
see notes on
1.17
,
ns in '901.
i,797; In ID
a
190
- irplus
In
ll
oo,
0,019.
'Mi
-;i3.
i
T<2\
-
1908.
()•:
5
4
4
5»«
5
\ 2»«
3H» 4Hi
7>e
7Jnly,8>f
July l,2i-j; Dee 31. 4'-j. lncludini: 2 extra; in 1903, July,
extra.— (V 74, p i7<.. v 3
p. 1305.)
Bnasneltnostts <.a» omnsmoSi—osotiffUTi
intarr
Ion formed in totober, 190
Q as eV Ooke Oo., reorganised without fo
1311. Oper d
product 00k
K is for he iti if an lighting purposes is pro
r..p. c.
•2.
i
i
>,
«
'
(
.
.
1
p
ls;ji.
Ti.
then enrlc
the followlngeo's, of
-•
\*
rllmted
fo
wh
:
subscribed, the remaining 85,000.000 oeing issuable alter J.m
1904, for not o\cr two-thirds of oost of additions. V. 77, p :i I.
There are also outstanding
ana iron
30-year >< due Feb. 1. 1926, Fain.
fc Trust Co., truste.
erlng property in Pennsylvania, V. 76,p.
OmCBHS.
l.
Walter Scranton: Treasurer. J. P. Higginson;
NewYork otlice, 100 Broadway.
All.riKht, ." L. HUir, 1! It. It ickinvh in. Warren
.'
New
Knirland Oas
&C
.)
Brookllne Oat
-
of
ik.
In. lei.
t.
1.00
zSontb
(V. 70, p. 161,385,
public.
i
ID.
i
,
;
.
srtK.
USol, 1111; V. 77, p.
;»
I
\
b
DodRe. O. R. rearing Jr., n a. Quinnese.
in ud Hares, Adrian
Ijelln Jr.. Samuel Mather, J. O. McCullough. D O. Mills. Moses Ta>lor Prne.
Walter Sera ton, Ja
v t. H.
UoE
Twombly, Cornelius VanderbUt, Robert B. 7an (ortlanjt. Henry Walters.—
W.
J.
\000
-.600
-took.
xRozbury (ias LU'ht stock
i Boston Os
jli.y State Uas ol sit
•Brooklme Gas LU'ht Co. Ins
DIBECTOKS.-J.
jr..
I
-
I'resi.l"iit,
Secretary, John W. Farquhar.
.
stock. »17
do
V. 76. p. 161.
-x
\
81
Involvi d in
:.y
Bay State Uas
Co. litigation.
the
°
.
.
SUPPLEMENT.
INVESTORS'
138
MISCELLANEOUS.
Date
For explanation of column headings, <fec.,see notes
first page of tables.
of
on!
.
81
r
S!.\!
Bonds Value.
National Biscuit— Common stock, $30,000,000
Pref. stock, 7%, cum., $25,000,000. For bonds Bee text
National Carbon—Common stock, $5,500,000
Preferred stock, 7 per cent, non-oum., $4,500,000
Nat' I Enameling <* Stamping--Com. stock, $20,000,000.
Pref. stock (as to assets), 7 p. o.. oum., $10,000,000.
1st mort.,g., $2,500,000 auth., liopayable y'rly...sst
National Fire; roofina -Com. stock, $5,500,000
Pref. stock, 7 percent, non-cum., $10,000,000
National alas— Stock, $4,000,000
Preferred stock, 7 per cent, non-cumulative
1st mort., gold, $200,000, payable Nov., vearlv.I'Pl.c'
General mort., $2,500,000, g.,s. f., d'rn at 105 V PI o'
National Lead Co.— Stock, common, $15,000,000 autii'd.
Preferred stock (7 per cent, cum.) $15,000,000 auth
8t. Louis Smelt's 4 Refln'g, mort., red. In 1905, vru "tl e
Newark Con*ol. Oat—Newark
1st M., $4,000,000
Consolidated mortgage, $10,000,000
c*
New Eng. Cotton Tam-Pt. stock, ($5,000,000,7% oum.)
1st M., $6,500,000, gold, s. f. subj. to call at UO.NB.CNew Enaland Qa* <t Coke— See Mass. Gas Com tames.
New England Telephoned Teleg— Stock, $30,000,000
Bonds, Ser. 3, 4 & 5, $500,000 ea., call aft.lOyrs. at 102
Bonds, 8eries 6. 7, <fc 8. $500,000 each, not sub), to call
Bonds, $1 ,000,000 (text)
New Tork Air Brake— Stock, $10.000,000
1901
2,250.000
4,500,000
8,000,000
2,250,000
1,650,000
1.400.000
1,100,000
14,905,400
14,904,000
50.000
4,000.000
5,832,000
5,000,000
5,182,000
1,000
50
50
50
50
1
-99
11)01
1,000
1,000
100
100
1900
1895
1898
1,000
1899
1,000
1891-3
1895-9
1,000
1,000
1,000
100
103
1900
10<\ 101, 3>A, 886, 5*4,
1 OSS.
1304, 185*; V. 77. p. 89.)
mergonthaler Linotype.— Listed in 1898. Report for 1901-02
in V. 75. p. 1030, showed total net profits, $1,892,918; dividends
(13»«p. e), $1,350,000. Statement as to rival oo's. V. 67, p. 371.
Dividends. ) 1894. *95. '96. '97. '98. '99 & '00. '01. '02. 1903.
Percent.?
3
March. 1902,
2^
25
20y'rly. 13*9 15Incl.Jne.,5
8 14^ 19
c; June, 2^; Sept., 2 1*; Dec, 7 1* Including 5
p. c; June, 2% p. c.-(V. 75, p. 851, 1030.)
ITIexlcan Teleirrapli.—Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tamploo and Vera Cruz.
738 miles land line, Vera Cruz to Mexico City, 267 miles. Also direot
cable from Galveston, Texas, to Coatzacoaloos, Mexico, 825 miles, duplicating the Mex. Tel. and Cen. & So. Am. Co.'s Gulf oable system. Owns
2,125 shares of the Central & So. Am. Telegraph To., whloh see.
Dividends— In 1882 to 1886, inclusive, 8 per oent yearly; from 1887
to July, 1903, both Inclusive, at rate of 10 p. o. per annum (2»* Q-J.)
Earnings.— Report for year ending Deo. 31. 1902, was in V. 76, p970, showing gross earnings $456,006; net, $349,194- divs., $191,260J. A. Scrymser, Pres., 66 B'way, N. Y.— (V. 76, p. 970, 1353..
ITloiioncaln In Itlvcr CoiimoI. Coal A: Coke Co.— See p. 168.
.T| oin real Ll^lu Heat
Power Co.— See page 168.
extra;
p.
1P03, Mar., U»*
;
A
Mount Vernon-Woodbcrry Cotton Duck Co.— See
United
Duck Corporation.
National Anphnlt Co.— See GENERAL ASPHALT Co.
National BImciiIi.—Organized in 1898 and purchased N Y. Bls.Co.,
Am. His. A Mfg. Co., etc.— V. 66. p. 288, 901; V. 71, p. s*5\ V. 77, p. 92.
States Cotton
Dividends.— On
(l*i
Q-F).
On
pref.. in 1898, 5*4 p. c: 1899, to May, 1903, 7 p. 0.
com., Jan., '99, to July, 1903, Inch, 4 p. 6. (1 p o. Q-J>
Bonds.—These include N. Y. Biscuit first 6s (MAS.), due Mar., 1911,
$804,000; Am. Biscuit A Man. 1st 6s (FAA.), due Aug., 1910, $545,
000, and $40,000 5s due $5,000 yearly in October. V. 07, p. 274.
Annial He port.- Report for year ending Jan. 31, 1903. was In V.
76, p. 432, showing: Sales for year. $40,221,925; net profit, $3,689,338; dividends, 7 p. 0. on pref. and 4 p. 0. on common, $2,84u,95)
sur., $839,387.
President, Benjamin F. Crawford; Sec., F. E.
Bugbee; Aunt. Treae.. J. A. Lewis.— (V. 77, p. 92.)
;
bal.,
National Carbon Co.— Organization.— Incorporated
In New
Jersey on Jan. 16,1899. V. 68, p. 85, 130. Dividends on pref. July
Oct., 1% p. c; 1900, Jan., 1^ p. c; Mar. 15, 1\ p. 0.
15, 1899,
p. o
Dividend period changed in Feb., '00, to Q.-F. 15; May '00 to May, TO.
1* it. o. quar. Report for year ending Jan. 31, 1903, with bal. sheet,
in \. 76, p. 479. showed: Net earnings, $594,371; dividends (7 p. 0.)
on preferred, $815,000; depn
$250, <>:!7; bal.,sur., $22,734.
Prcs... Ian.
T reas., H. E. Haokenberg; See., H. J. Davles.
Main otllcc, cii-veland.— (V, 74, p. 17«; v. 76, p. 179.)
W
;
,
1
1
.
National lua melius A Stamping.— See page 168.
National PlreprooflnjE Co.—Obganization.— Incorporated in
1889; name changed In 1 899 from Pittsburg rerra CottaOo. Controls
29 plants adjaoenl to vaiioua cities between Boston and Chicago, orer
4,000 acres of ooui and clay landa, patent rights, etc. Manufactures
porous terra cotta, Oreprooflng. hollow tile, building blooks, etc
Properties owned, tee v. 72. p. 898, 1191; 7.78,p 60T. Production
In 1902 750,000 tons, to he Increased In 1903 to ahout 1,000,000 Km.-.
ro.—Common atook. 80,600,000; pref., 7 p. 0. non*oum..
fi o.ooii.ood; amounts outstanding, iee table ai.o\ e; par of shan
11
May, 1808, authorized stock wan increased by $2,000,000 pr<
and $1,000,000 common, the new stock to be allotted as required, v
10; mortgages and notes of under
76, p
lying companies guaranteed, $261,700.
Divini hds. on preferred, Oct., 1000, to April, 1903, both inclusive,
7 p. o. yearly (paid Q J.), On oommon, May, 1901, to Nov.,
p. <. yearlj (Q P.»
L808, Feb, 80, 1 'v p.e
Ma] 26,
i>.c.
Kim..
i
Report for \car ending 11.
81, 1802, in V. 76, p. 684,
shewed: Net earnings, $1,136,948; dividends (5 p. c on oomm
7 p. c. on pref 1, «664,78«; balanee, isvplos, $672,184
Ki.itH
Chairman, i> i'. Sanry; President, W. n. Henry; Treas.,
H. Graham; Secretary. 0. a. Jonea. Direotors (Feb m»<)3), V.76,
p. 482. Olliee, Carnegie Hldg., Pittsburg, Pa.—V. 76, p. 1196.)
m
1
;
c
m
on
Wm
Bond*— Prlnclpal.When Due.
by; Stock*—Last
i
.
8. 8t.
L. Tr. Co., St.
Dividend.
May29,'03,l\
Mayl5,*03,l\
July 1,'03, 1%
July 1. '03. 1\
Louis. Sept 1, '03, 11
May 25,'03,1»«
Checks mailed.
do
do
Apr.25,'03,Hi
19TK)
,
Q.-F.
1902
Boston, 119 Milk
May 15,'03,H*
St.
6
5
A.
A
&
O. Boston.Bank of Repub. Apr., 1906 7-8
O. Host., Nat. Hk.Com'ree. 1915,'16&'19
4
3
A
J.
A.
1902
Q.-J.
Bost-.Nat. Bk.t'om'ree. Jan. 1, 1930
Olliee, 60 Hwav, N. Y. July 15.*03,2%
National (^lass Co.—Organization.— Incorporated
1
%
Julyl5,*03,l%
1903 to 1909
<fe 8ons Bk, Pitts.
M. & N.
do
do
Nov. 1, 1921
March. N. Y., 100 William St. Meh. 1 '00, 1%
J'ne lf>.'03,l*
do
do
7 In 1902 Q.-M.
June 1, 1920
do
do
5
J. & D.
Newark.
Apr. 1, 1944
Q.-J.
5 g. J. A D. N.Y.,41 Wall A- Newark. Dec. 1, 1948
Bos.,Kld.,Peabody&Co Jan. 1, *03, 3»t
See text. J.-J
5 g. F. & A. Boat, N. Shawmut Bk. Aug. 1, 1929
in
Pennsyl
1899, as a consolidation of tableware manufacturing
interests. V. 69, p. 61, 1015. Present capacity, 678 pots. For 8 outside
conoerns, capacity 280 pots, seeV. 69, p. 1015.
Stock.— In 1903 $1,650,000 seven per cent non-cumulative pref.
stock was subecribedfor at par, $875,000 being paid in cash and the
V. 75,
balance by surrender of $775,000 of old (common) stock.
p. 1357; V". 76, p. 438.
Bonds.— First mortgage bonas of 1899 are payable $200,000 yearly
Nov. 1, in numerical order beginning with number one, at Pittsburg. Of
the general mortgage bonds dated Nov. 1, 1901, $1,800,000 were
reserved to replace the first uortgage bonds (including the $200,000
They may
retired Nov. 1, 1901), the remainder for improvements.
be oalled at 105 on 30 days* notice for at inking fund, which is to receive
5 p. 0. of the earnings yearly. V. 73, p. 239, 348, 618 V. 75, p. 1357.
Officers. — President, Frank L. Stephenson; Vlce-Pres., A. W, Herron. Pittsburg; Secretar, Addison Thompsonv; Treas., Myron L. Case.
Office, Pittsburg, Pa.— (V. 75, p. 1357; V. 76, p. 438.)
vania on Julv
f>ref.,
.'0,
&
Q.— F.
y.—J.
LXXVII.
6g. M. & N. Mellon
1 In
I
100
Stock. -Common stock authorized. $25,000,000, all outstanding;
4 p. c. cum., $25,000,000, helm increased from $15,000,000 each
n Jan., 1903, to acquire stocks of additional gat cos. See above.
Dividends.- First semi-annual on pref., 2 p. c, paid June 1, 1903.
Contract.— Contract with the Dominion Coal Co. V. 75, p. 1257.
Earnings.- For year ending June 30, 1902, earnings of companies
controlled were about $750,000, against $620,000 in 1900-1; estimated
earnings in 1902-3 wore at the rate of over $1,000,000 yearly. Balance
sheet of Feb. 11, 1903, V. 76, p. 545.
Oi FICER8.— President, C. Mtnot Weld; Treasurer, Wallace S. Draper,
Secretary, John C. Rice. The Old Colony Trust Co. Is transfer agent
and the Massachusetts Trust Co. registrar.
Trustees -Charles Francis Adam*. Bd; Walter Cnbot Baylies. Samuel Carr,
Robert Clarence I'ru\ n. Jostpb liallister Kusseli. Frederick Elmer s»now, ("has.
Augustus Stone, Albert Straus.-. Chrit-topber -M iti'.t Weld, Robert Winsnr.—
5 g. |M.
8ee text.
7 In 1902
21,816,700 6 In
1,500,000
1,500.000
1,000.000
8.012,500 ,8 In
In 1903 (jier V. 76, p. 50, 106, 161. 3861 purchased at foreclosure the
Btook deposited as security for the Boston United Gas bonds, of the Bay
State (las do. of New Jersey, and ao controls ;ill the pas companies
operating in Hot-ton. In June, 1903, consolidation of the controlled
properties was authorized under tne title of the Boston Consolidated
Gas Co. but pending settlement of litigation with recolver of Hay
State Gas Co., it ha a been agreed not to merge or to divide the earning* of
the four Add'eks companies (marked with an "x" in preceding table.)
p.
perl
!
Qu
7(1.
Rate
$100 $29,236,000 4 In 1902 Q.-J. 15 Chicago & New York.
100 24,304.500 71nl902 Q.-F.
do
do
100
5,500,000
100
Company's office.
4,500,000 7 1nl002|Q.-F. 151
100 15,441,800 4 In 1903 Q.— J, N. Y.. Colonial Tr. Co.
100
do
do
8,396,600 7 In 1903 Q.-J.
.
(V. 76. p 1*67; V.
INTEREST OR DlVIDEJvDS.
When Where Payable, and
Cent.
Payable
Whom.
Amount
Outstanding
I
[Vol.
5,
;
National Lead Company.— Organization.— organized under
New Jersey on Dec. 7, 1891. It controls extensive plants
manufacture of white lead and other produots.
In Aug.. 19C0, the St. Louis Smelting A Refining Co., whose stook 1b
owned, tiled a $1,000,000 mortgage. V. 72, p. 390 In Apr.. 1903, the
Sterling White Lead Co. of Pittsburgh was acquired.
V. 76, p. 1088.
Securities.— The preferred stock is entitled to 7 p. c. per annum cumulative. See editorial of May, 1893. Supplement, and V. 60, p. 349.
Dividends.— t 1892. '93. '94. '95. '96. '97. 1898 to 1900 1901
Common, p. c. J
1
2
3
1% yearly.
Preferred, p. 0. 7 per cent yearly (1% Q-M to June, 1903, inclusive).
Annual Report.— ihe annual report for 1902 in V. 76, p.
432, showed: Net earnings, $1,202,514; dlvl lends on preferred, $1,043,280; balance for year, surplus, $159,234. In 1901, net, $1,112,140.
Directors.— W. H. Thompson, E. C. Goshorn, F. W. Rockwell, L. A.
Cole, R R. Colgate, A. P. Thompson. Wm. W. Lawrence. J. A. Stevens,
George O. Carpenter, Edward F. Beale, R. P. Rowe, Walter Tufts and
Charles F. Wells. Pres., L. A. Cole; Charles DaviBon, Sec; Wm. \V.
Lawrence, Treas. N. Y. office, No. 100 William St.— (V. 76, p. 1088.)
National Salt Co.— See page 168.
Nat. March Co.— See Corn Products «jo.; V. 74, p. ',71, 330, 382.
National Sugar Refining.—See page 169.
the laws of
in different States for
1
Newark Consolidated Gas.— 8ee 8treet Railwat
Surp.
New Central Coal (Md.).— Owns coal lands in Allegheny County.
Maryland. Tons mined in 1898, 203.677; 206,262 In 1897, 188.453
In 1896, 201,826 in 1895, and 151,002 tons in 1894; net profits,
in 1898, $37,397;
in 1897, $32,006; in 1896, $23,018.
N. Y.
office,
I
Broadway. In 1898 reduced the stock from $5,000,000 to $1,000,000
and shares from $100 to $20. V. 66, p. 901, 1140; V. 64. p. 515.
Divid'ds.— ) '87.'88.'89.*90. '91-'94. '95-'97. '98. '99.'00. 01.'02 '03
Since '86
-(V. 67,
p. c. \
p. 29;
1100
2420
,
l
Mar.,2
V. 71, p. 700; V. 76, p. 334, 1190.)
New Hngland Cotton Yarn.— A consolidation of 9
of New Bedford. Fall River and Taunton.— V. 69, p. 28, 81,
p.
587, 1294.
Total, 620,000 spindlea.
yarn mills
181; V. 70,
V. 71, p. 345; V. 73, p. 443.
Securities.— Stock authorized, oommon, $5,000,000; pref. (as to
assets and div. and subjeot to redemption after Jan. 1, 1900, at $140
per share), 7 p. 0. cum., $6,500,000, outstanding, as In table. Notes
payable June 29, 1902, $2,632,500.
Reorganization.— The plan (V. 77, p. 40) announced by committee
Co., depositary) in
(William W. Crapo, Chairman; Kidder, Peabody
.Inly, 1903, provides for the formation of a successor company under
the laws of Massachusetts, which will be authorized to Issue *'-. 000,000
six p. e non-cumulative preferred ami $3,900,000 common atook, the
bonded debt to remain nnllsturbed. An underwriting syndicate has
been formed to provide the $2,OOJ,000 cash to pay tl«>»t lt debt, etc.
In July. 1903, over 84 p. 0. of preferred and OT B> BO p. c. of common
stook had been deposited. V. 77. p 149.
The net earnings over all charges for four years have averaged over
$700,000 yearly, which on the basis ol fixed charges of the new Co.
-<4o,ooo
would, lt Li stated, mean surplus earnings (overoha
Ser annum, applicable to sinking fund ai.d renewal payments and
Ivldends on stocks. The basis of exchange is as follows
A
i 11
:
x Pnyt
of—
A'arA $1<
.
1.
-
Preseni pn
1
common
was
n<l receive*.
f.
Next com.
$70
10
u
•
A
$3i»
$:io
Present 00m. stock. $5,000,000.
naif Am:. 17 and half Sept. 17. 1903.
\
|10 additional, for whloh holder win receive $10
1
*
.Vnr nr<
8
Also, optionally,
in prof, and $8 in
*
lt<
ki
Report tor | ear ending Juno '28,
in V. 75, p 841 (no income account).
1902, with balanoe sheet,
paid Jan. 1,
DrvTDBNDs, i'ir-t div. on pref., 8*4 v o. for
yearly (J.-J.). The July,
1900; Julv, looo, to Jan 1903, Inch, 7 )•
1903, di\ Idend «
8, p. 1804,1!
Pres.. Andrei* «J Pleroe, New Bedford. (V 77, p. 40, 149.)
New England Telephone A- To learn ph.— This company does a
telephone business in Maine, Now Bampshln .Vermont ami Massachnfrom The American Bell eh phone Co. Ou January
1,1903. It had 107,00^ stations In all, against 91.281 In 1902. Of oap
,1 by American
Telephone & Telegraph
ital sto.k $12,087,
V. 70, D, 40,
The bonds arc debentures, tmt are to be
(Bell) Co.
secured by any mortgage placed on the property. The stockholders
In 1902 subscribed to $3,593,200 now stock at par, raising amount
outstanding to 821,618,700. V. 74, p. 833, 1312.
,
.
<•
1
1
,
.
July,
MISCELLANEOUS STOCKS AND BONDS.
1903.J
_.
Date
MIHCEEEANE".
For explanation of column headings, Ac., see notes on
llrsi
Hun.!-
'ilea.
i
N. T.
I
dt
fjhl
Ural
r
.
!
I
-m
yew
A-
"
t;
,
cum
Whitney. 6
890
H98
-190
1st) mort.,
1,000
l
....
....
1
H9*
">2
«
Deal,
WatertOWn, N. Y.; capacity. 500 sets of oar brakes a "lay. In
April, 1908. Russian plant was placed in operation, V 74, p. 887.
In 1896 dividend t; j>. <-.; in is'.»7 and iJuly, 1908, LnoL, 2 p, o. qnar. (8 p. c. per an.). The stockholders voted
Aug. II
ise the stook from $5,000,000 to $10,000,(00.
Of the new stock $i .'.';>o,ooo was subscribed for by stockholders at par
($100) for extension of business, and
K) additional for the
I
101.
V 69, |>. Ml 888; V. 72, p. 876.
As to
stent litigation with Weattnghouse Alr-Iirake Co., see V. 69, p. 181,
.
886j v. 7:i. p 1858; V. :
DnsoTOBS.—President,
\. Btarbnok, 66 Broadway] Vloe-Prost
Daniel Magone Secy, and Treas.. John C. Thompson; Asst.Treas
iwer, H. A. Rogers, J. O. Young, Anthony N.
O. H.
Bradv,ThomasO.PardvandOeorgeB.Maasey.— (V. 75,
York Hock Co.— Uico imzation— Incorporated in N. I
on July 18, 1901, as SUOOessoi of the Brookl\ n Wharf A WaTChO
foreclose.
ami reorganized per plan v. 7J, p. :i:i7. Poe
taken Aug. i, 1901. Y.78,p 388. Owns water frontage in Brooklyn
frontage of more than 84 miles," of whloh 157 foot leased otit.iai
statement, V 73, p. 1355. Projected tunnel to NY. see V. 70, p. 483.
HTt>.
|~,0OO.O0O] pref. 5 per oent non
ouniulativ. $10,000,000. all In shares of $100 one!
both stocks the two stocks to share equally, of the bonds, 000 are reserved for fature extensions ami liuproveiih
additional were In the treasury June 3<>, 1908.
Dividkndb.-DIv. on pref.. 1 p c, paid Oct. ,1902; in 1903, Apr. 1 p.o.
i>.
C
;
.
(
p
l
1
,
.
year ending July SI, 903. with balance sheet
in V. 75, p. 610, showed: Gross earning
".; net over repairs
oto., $814,534; Interest on boi
.anee, surplus, 8851,884.
OFFICKHS.- Pies. David H. Kin* Jr.; VI - l'i.-., OolUBbaS <>'1>. l-e
Un; Sec. Edwin thorne; Treas., Oeor^e
Speneer, Offlei
Bridge St. (Manhattani. N. Y Direct.irH. 7.78,0.141,1114; V. 75, p.
1358,-(V. 74, p. 1312; V. 75, p. 552, 610, 135*: V. 70, p
York A: K»»t Iflvcr I'crry.—Owns the "Astoria" Kerry between Astoria, L. I and foot of 93d St., New York, and has three ferry
boats. Capital stock, $750,000; dividends are payable Q.— M.
Dividends.-) '95.
'97.
'96.
'98.
'99. '00.
'01.
'02.1903.
(Q-M)P. o.
3
4
44
5
5
54 6
6
Mar.l'j
I
Bonds, $750,000 1st 30-vear gold 5s due Nov. 1, 1922, Interest M N
at Kings Co. Trust Co. Directors— William A. Nash. Theo. F. Jack
son, H. K. Kuupp, K. Lehman and Roswell BMrldgB.—<V. 71, p. 392.)
York A Bant
cr liim Co.—See Nfew A m~ n kdamGab Co.
York A Hoboken Ferry <o. — Incorporated Nov. 10,
1898, under the laws of New Jersey as successor of the Hoboken Ferrj
Co.. operating from Barclay street, Christopher St. and West 14th st to
Hoboken. In Apr.. L908, a controlling interest in the stook was aoqulred by the Del. Lack. & West. RR. V. 76, p. 923.
BONDS-Of the $4,000,000 gen. 5s of 1898, $700,000 were r.
1
R
New
,
Hh
^
;
all are redeemable at 110 on any interest day.
1899.
1900.
1901.
1902.
1903.
Per cent... i
4
1
4 i
(I)
June, 1901, t<> Dec. 1902, 14 p. o. quarterly.— (V. 76, p. 51
N.Y.H in. Gas Light.—See Con. Gas. N.Y. .Hut. Tel.—Seep. 169
New York & New Jersey Telephone.—Operates telephone
lines under perpetual license from the Bell Company in Staten Island,
Long Island (including Brooklyn), in New Jersey In counties of Bergen,
Essex, Hudson, Mid llesex, Monmouth, Morris, Passaic, 8omei>.
sex and Union. Total st tlonson Jan. 1. '03, were 53,184 (of which 25,026 in Long Island), 42,130 in 1902, 35.176 In 1901 and 28.073 in 1900.
Stock —Stockholders iu 1902 subscribed at par for $3,125,00'
raising the amount outstanding to $12, 665, (>00. when paid for In full,
on Aug. l. 1808. V. 7ti, p. 592. Real estate mortgages Jan. 1. 1903,
:(
I
$111,500.
Dividends.—
Percent.
t 1392.
1893.
1894 to Julv. 1903, inclusive.
6
$
6
7% yearly (lncl.
In Jan.)
Earnings. — Report for year ending Dec. 31, 1902, was in V. 76, p.
showing gross, $3,962,597 net, $1,139,140; interest, tax.
592,
giee^O: dividends, #707,688; balance, surplus, $265,162. In 1901,
gross, $3,376.433— (V. 75, p. 669; V. 76, p. 5 9 2.)
N. \. 6z Oj. Elec. Light & Power Co.—See page 169.
New York Suburban Gao.—See V. 68, p. 474; V. 70, p. 844.
New York 4: Texas Land Co.—See page 169.
N. Y. Transportation.—See page 169.
Niagara Fall* Power Co.—See Supplement for Oot., 19c2.
Nlles-Beiuent-Pond Co.—Ohoanization.— Incorporated in New
Jersey on Aug. 11, 1899, as a consolidation of the NUes Tool Works
Co. etc. Does much of the heavy machine trade of the country.
V. 69, p. 388. In Jan.. 1901. took over entire common stock ($1,525,000) of the Pratt
Whitney Co., guaranteeing 6 per oent on the
tatter's $1,225,000 preferred stock (subject to call in 1911 at par) provided that the guarantor earns that amount on Its own stock. V 71.
I
;
,
,v-
p. 139; V. 70, p.
1253; V. 72. p. 143.
I
Mhv
i'r.
15. •<);(. 1L«
'03,14
<
.
,
1815
.1"
:
Bqolt Tr. Co., Obioagii. July
N V
urn Ero, Bank. June 1.
1
(
.
'08, 2
do
•08.1HI
I..
do
X.Y.,.Manhat. Trust Co. Aut. 1.
do
Ang.1,'03, l 1*
to
to
to
to
:
<.
June
.io
1
common, 85,000,000; pref., n per oent oum. (subject to oall
1911 at 105i. $3,000
Dlv. on pref.N..
13, 14 p. o. quarterly.
On common, Sept., 1901. 14 p. c; Deo., 14 p c; 1901.6 p. o. <y M >.
May 15; Sept., 8 p. C,
1902, Mar., 14 p. c. and 1 p. c
Doc, 2 p. o.; iu 1903, Mar., p. e. Statement for year ending
eprecla1902, In V. 76, p. 5 1 1, showed: Net, $1,62
Stock,
In
•
I
'_•
$200,000; div. on pref. (6
$400,000; balance, sur., $774
tlon,
a:
Improvements
M.iV
1 V«
1944
1846
Julyl0.'03.5«6
Miiy 1. I'll
July 15/08. 1>«
to
to
.lo
Newport Ac Cincinnati Itrldce Co.—See Railroad Cos.
New York Air llrake.— Incorporated under laws of New
Dividends—
L,
Will.) in.-
to
Meroh. E. A
loo
I
for
L,
.
Bquit.
100
100
,
New
'02.
W.
do
\
New
New
1%
1951
.s mailed.
100
\
Report.— Report
1,
X. V.otl.,71 Mr..
.
1
V
A
KS mulled,
West. Unli
V.,
to
100
18s(!-93. 1894. 1895. '96. '97. 1898 to May 1903.
3 ^yearly.
4
44
5
54 6 yearly (l 4 Q.-F.
Ajtjtoal Rhpokt.— FlsosJ year ends Dee, 81, Report for 1902 was
In V. 76, p. ii n. showl
09; net over Inter
est. maintenance, taxes, etc.. $1,188
(6j>.c) $1,1
balance, sur. for year, $60,048.— (V. 71, p. 1312; V. 70, p. 334, 114 1.)
for
Aug.
do
do
Mklvn.-l
N.
500
1
Percent.
Office D. L.
»
1,000
1,000
.....
i
,M
loo
1,000
189")
gold
l)..
v
100
stock, (Bonds Bee text).
tt 1ml. Sail it Ilium <lax
OtUMltvator StOCk, .0.1 moil, $6,500,000
ii .!. inn! cum, $6,500,000
Htook, prefl
Oold notes, due Jan. L, yearly (see text)
-Mo.
common, $7,000,000 (ceo ts\t)
Pacific Ooast Co.
1st preferred -.to.-k, $1,525,000, 5 p.o. non-oumulatl\e
2d pref. stook, $4,000,000, i>. 0, uou-cum. (see text)
1st mo
(Id Tia
DIVIDKNDS.—
,
to
do
1<><>
\
Ohio
1.
1
100
-
V. 70.
Apr. 1,'03,
&
M.
X. Y., U. S.
9
1,000
In 1011 at 105.
pf. stock, go., nil., text
oum.
... mow
Qeu 1
Mortgage, 2,000,000, old KC
Cicero Gas, 1st m< rtgage HC
same
bj
Whom.
1,000
I'omuiOl
[.
fforthxp
J43;
Pnnol-
OK DIVIDENDS.
Payable
1,000
1881
<•
g.,s.f. $20,000 y'rly. not di
,
p. o.
I
Works
Cent.
$100 $10,000,000 See text. A. A O.
500 Ac. 11,798,000
4 g. F. A A.
..000,000
M. (now 1st) $1,500,000.
NiUxliemrni fa,
Pref. stock,
1
st 4*
1
,
Pratt
Horth
-i
•
L10 -1. 500
N. Y.
y, two niorts. ($600,000 are
BT. Y. <fc Hoboken
n. mort., go
N. T. Mutual (la* Light -Stock (hoi
S. Y.MutuatTrl. -Mut. En 1.1 1st M,g.,gU .no<t
i:i
I
d
Hob,,,
Hot). Fit..
New York
1
IA9
oAasfc:"&r^v^. wtoi w^'
Value.
-..-
Y.
in
ai
Slxe.or
of
y. r. Doefc— Pf. stock. 610,000,000, 5%, nonoum. (text)' ....
1st ii
1901
sm ...
>, gold, call at 103
i
If.
»
.
I
p.
o,
$358,500; on
B
0.
oommon
-
MoKlnneyj Treaa., Chae.
M.C Davis, i:u; liben] St., N. Y. -(V.76, p
North American Company.—Organization.— organl/.edln 1890
L.CorneU; Sec. E.
under laws of New
successor to the On-iron a Trans-Oontlaental Co. Is Interested in street railway and electric enterprises. In
1901 the stock was decreased from *4o,ooo.ooo to +12.000,000 by the
ISSUe "f one -li;ne for each 3 hi shares. V. 73, p. 30: V. 76, p. 106.
The stockhold
>n sfar. 38, 1903, to inorease the stock from
Il8,0u0,000 o 817,000,000 to pay for stock of the Laclede oen Light
io of st Louis and Inorease the oompanv's holdings In
.
eleC light business In St. Louis and eNewlnre. \'. 7ii, p. 5
Dividi >i>s. A dividend Of 4 p. c. has been declared from In
and dividends received from permanent investments, payable quarv. 76, p
terly on Mar., June, s.-pt. and d.-c l, 1908.
1
1
1
•-
—
i;i.i")RT, ETC.— Fiscal year emls May 31. Report for year 1902-03
Controls Mil*
at length was In V. 76, p. 1361; V. 77, p :{•">.
Bi Bi it
also the ClnElectric Railway A i.iirht Co. (seeSTai
rinnati Newp"nt a- Covlngtoa Light A Traction Oo. v. 72. p. 922.
\
7t (. B84,1306, I'niou Electric i.iirht A- Power Co of st Louis,
:.
1858, V. 77. p. 40. and D.-'Ison Co
V. 75, p, 088. Laclede Oas Light Co. of si.
SeeV. re, p. 1860, 1861. On May 31. 1908. owned: Stocks, $14,663,bonds, .f9oo,s6T>; and Its balance sheet showed loans payable,
888;
6847,131; aooonnts receivable, $861 JJ94 ; i-ash. $718,168. In Oct.,
syndicate, of whieh the North American Co Is a member, purohasel the stooa and bonds «>r the Dotted States Shipb uilding
posited as collateral for loans contracted by the underwriting syndicate. V. 75, p. 1090.
Directors.— Edward Q. Koasbey, John I. Beggs, C. W. Wetmore, 8. W.
!urt, Edwin M. Hulkley, Win. Nelson Cromwell, G. R. Sheldon, Edi
i
.
,
,
i
<
mund
C.
Converse. Henry C. Payne. Robert Bacon. Chas.
1. Pflster,
has. A. Sponbrd. President. C. w. Wetmore; Vloe-Pres., Charles A.
Spollord; 2nd Vice Pros., Win F. White; Sec, Silas A' Burt; TreaIt. sheldon, 30 Broad St.-(V. 76, p. Bid, 1888, 1300; V. 77, p. 35.)(
Northern Inlon
<ia« Co.
(New York
City.)— V.
65, p. 621.
"Northwestern t.a« Llsjbt A Coke Co.- Organization. -Aoonsolldation In s.-pt
1803, of the Northwestern Gas Light & Coke Co. of
Evauston.Oioero Gas Co. and Blue [aland
V. 75, p. 397,665.
Oontrolled by Interests friendlj to lie People's Gas Eight & Coke Co.
stock authorized, *\00o,000. Of the Cicero Gas refunding and
.
t
general 5s of \90l (authorized Issue. $5,000,000), which are guaranteed, principal ai d Interest, *.">oo,000 arc reserved to take up
July l, 1922; $i,770.odo were Issuable forthwith and the
remaining $2,730,000 only for improvements, additions or extension-,
or tin- .".« or L898, 1850,000 are reserved to retire the 6s of 1895,
>o being reserved f">r Improvements.
DiKK(T.)i;s. - Nelson a. Medeary (President), w. p. Martin (VioePresldent), T M. Jackson (Treasurer), John ii. Walsh, John A. Spoor,
u. M. Gunderson and Alfred S. Trudc (V. 75, p. 397, 669.)
11
Viirihwi-ntcrn 'IVlcjjraph.—Owns 8,000 miles of wire and is
leased to Western Union for 98 years, which guarantees dhidi-nds
at 6 percent on $2,500,000 stock (par $50) and interest on 1st mort.
7s, due Jan. 1, 1904, Interest J. A J.— (V. 72, p. 143, 630.)
Ohio A Indiana CoiinoI. Nat. A Ilium. Ga>.—See page 169.
Omaha Water Co.— See page. 108.
OHm ICIcvator Co. — Incorporated Nov. 2S 1898. under the laws
Dl N.w Jenei and UMk over about IS plants comprtBlng about
85 per cent of the business, see v. 71, p. 545; V. 74. n. 271; V. 75,
stock $0,500,000 common; outstanding, $6,350,300.
Prep. 552.
ferred outstan luiir (see table above), $i,in9,soo. The stockholders
in Bep. 8,
k from
9 12, t"> increase the authorised prefem .1 ~
t <
1
.
<•
ofthenev
old to stockholders pr<> rata at par for improvements and working capital, the
balance to remain for future purpos. -. V. 75. p. 345, 552.
Dividends on pref., July 15, 1-9:', to July. 1903, both in. inslve. 1 >*p.
paid Apr., 15,
c. qnar. (t>'V l>er annum).
First dlv. on common. 2 p.
1903, from earnings of 1002. V.76, p. 651. Hold notes, $1,250,000,
>.OOOJan l.ln 1903 to 1905, $400,000 In 1906 and $200,000
In 1907 and 1908.
I
c
Report for year ending Dec.31.1902, with balance she t, in V 76, p.
showed net earnings over Interest and renewals, $9 7s, 4 10; dlv. on
uarged
pref. (6
34,829; div. on
(2 p
otr for depreciation. $266,575; bal., surplus, adde.l t.) working capital,
$300,000. Otllce, 71 Broadway, X. Y.-(V. 76, p. 597,65 1,708.)
651,
oommon
Pacific Coaitt Com])any.—This company controls the Pacific
Coast Steamship Company .owning its entire capital stock) and
operates Ave steamship lines running between San Franclsoo,
Portland, Viotorla. Sitka, Fort Bragg, San Diego, Ac. Also owns all the
securities of the Columbia A Puget Sound RR mow standard gauge),
Seattle to Franklin, etc.. with sidings, 57 miles, and its New Castle
mine; the Pacific Coast Ry. (narrow gauge), Port Harford. Cal., to Los
Ollvos, 80 miles. Operates Franklin Coal Co. owning Franklin mine,
with 3,050 acres coal lands at Franklin and 2.083 acres at New Castle.
aiSTORT.—Successor on Deo. 1, 1897, to the Oregon Improvement
Co., sold In foreclosure and reorganised p. plan in V. 65, p. 412, 463.
•;
INVESTORS' SUPPLEMENT.
160
LLANEOU8.
For explanation of column headings,
first rage of tables.
Pacific Mail
Pac. Pack
Paterson A
Date
<fec,
see notes on
SteamsMp—Stock
Nov.-Deb.(V.74,p. 1143)
g.,s.f., red text...
Blec.—Cons. M.. f 5,000.000, g
PeJinsi/lrmtia Co mil— (Jen. M., *5,000,000, int. gu.,
Penn>
k, 7%. non-ouin., $25,000,000
r
Old Penna. Bteel 1st M., cur
r
Maryland Bteel 1st mortgage, currency. «;p
Penn. Bteel o>., OonsoL mort., $7,000,000, gold v.v
Collat. trust loan Cornwall propertle, s. f., red t<'\t. ...
MarvlM Bteel oar tr bonds, g *00,000duejt!v.< 'all 105
People's Gag Light <f Voke (Chicago)— Stock, $35,000,000
People's Gas Light & Coke 1st mortgage, gold, $ <fe £..c
o
2d mortgage..
*C
1st OOILSOL mort. f<ir $10,000,000 gold. Cc
o"
Equitable Gas Light i Fuel 1st mortgage Ce
c
Chicago Gas Light <fe (Joke 1 st mort k'ace.it.lFPi
Consumers' Gas 1st mort., gold. Bee V. 66, p. 472.Cec
Illinois L. H. & Power 1st mortgage
c
1C
Lake Gas & Ligbt 1st mortgage, gold
Refunding M > m, 000,000, g.P...o*Jir
P. G. L.
Mntu al Fuel Gas 1st mort., $5,000,000, told, assumed.
Hyde Park Gas, 1st mortgage, ftssumed.Ce
Calumet Gas Co. 1st mortgage, Assumed..
Phila. Electric— Mock. $7 50 per share paid in (see text)
Phlla. Elec. Trust Otfs., gold, <il7.5oo.000 (see text)...
Edison Eleo.TrusI Ctfs., gold (Ed.stk.asooll.)
OM Plilla. Elec. Tr. Ctfs. (Penn. II. L. & P. stock as col.)
<f
i
,
AC—
DrviiiKNUS—
Com., per ct..
1st pref., p.
,
1898.
1
I
Par
5
1
$100
1902 500 Ac.
1870
1887
1892
100
1(10
1874
1874
1893
1,000
1,000
1,000
1.000
1,000
1,000
1.000
1,000
lssr.
1SS7
1886
385
1
l-,*:,
1897
1897
1884 500 Ac
1,000
25
1S99
1896 100 Ac,
1898
1.000
to Aug., 1902.
an.)
per an.)
Q-F (4% per an.)
pref., p. c.
A f ter i p. o. on
I
;
I
|
. .
$1,129,S06
Balance, surplus
Total net Income
For year 1900 01, gross, $5,137,546; net, $1,150,870.
Officers. Etc.— Chairman of the board and President,
$148,951
;
1st Vice-Pres.. J. C. Ford Treas., John Keau 2d V.- P. and Sec, H. H.
Durand: AssL Treas., Clifford C. Fay. Executive Committee: Henry
W. Camion, E. H. Harriiuaii. Daniel 8. Lamont. T. Jefferson Coolidge
Jr., and Grant B. Schley. N. Y. office 10 Wall St.-(V. 70, p 106, 541.)
Pacific itlall steaiiiMliip.— In Nov., 1900, the Southern Pacific
Co. acquired $10,005,000 of the stock. V. 71, p. 1015. In June, 1902,
made three year agreement with Panama RR V. 74, p. 125
In Mar.,
1903, two steamships were purchased for a price supposed to be about
;
;
>.
V. 76, p. 708.
$3,000,"00.
Dividends.— No dividends from 1887 until Dec, 1896, when 1 p. c.
was paid; in '97.2p.c; In '98,2^.0.; in '99,June,m2p.c; Dec., Us p. c,
none since, surplus being invested in new vessels, etc V. 70, p. 331.
Report.— Advance statement for 1902-03 in V. 76, p. 1190.
1901.
Tear ending Apr. 30.
1903.
1902.
Steamships
$2,677,913 $1,883,413 $2,868,969
Subsidies
14,510
8,640
13,878
Miscellaneous
135,083
137,293
188,319
1900.
$3,509,840
12,282
195,498
$3,071,166
$3,817,620
Total earnings... .$2,827,506
$2,029,346
Net earnings....
$167,821
$8,260 df.$j07,935
$830,189
Dividends (3 p. c) In 1899-00, $600,000; bal., but., $230,189.
E. H Harriman, President; Jos. Hellen, Bee and Treas.. 120 Broadway, N. Y.-(V. 75, p. 133, 138, 1208; V. 76, p. 708. 1 1 9(i
Pacific Packing: dc Navigation Co.—See page 1(19.
Patemon Sc Pa*nalc «;a«A: Klecirlo Co.—Bee Street lit. Sun*.
Penile) i\ a ill. i till;. Light* Power.- See Philadelphia Eleo.
Pennsylvania Sfecl Co. —Chartered In New Jersey on Apr. 29.
1901, and acquired per plan of recapitalisation, V. 72. p. 46, 91, almost
entire $6, 500,000 stock of Penn. company of same name and entire
stock of Mar.\ land Steel Co. Thus controls 555 acres at Steelton, Pa.,
and 1,000 acres at Sparrows Point, near Baltimore, Md., with steel
plants, including blast furnaces, having annual capacity of 750,000
tons pig iron: two Bessemer plants, capacity 800,000 tons, and one
open-hearth plant, capacity 250,000 tons of Ingots; two rail mills,
capaclu 640,000 tons, a shipbuilding and a bridge-building plant, a
complete frog and switch building plant, etc..
Owns the entire $2,4' o.ooo stock of the Spanish-American Iron Co..
shipping from 100,000 to 500,000 tons of ore annually and owning
)
about 5,000 Bores of land; also a half Interest in .luragua IronCo.. both
near Santiago. Cuba (V. 62, p. 770; V. 71, p. 393; V 70. p. 917).
In 1901-02, purchased a »o ea intereal In the Cornwall Ore Hanks Co.,
Lebanon Co 'a., the Lebanon Furnaces. Leb mon, Pa., and $540,000 of
the $800,000 stock of the Cornwall A Lebanon UK., and Issued $7,500,000 80-year S per cent collateral trust bonds Of the Penn. steel Co.
(of Penn).
3<
V. 75, p. 315, 307; V. 72. p. 1241, 1283; V. 73, p
Otllclal statement showing securities of controlled
V. 74, p. 1312
companies own. d, their properties, balance, sheetof Oct. 25, 1901, etc.,
78, p 1355.
In 1903 Maryland Bteel Co. Issued $coo,ogo car trusts, v. 71, p. 1312
In June, 1901, control wan aoqul
Pennsylvania RK. and
affiliated roads by purchase of $10,000,000 each of common and pre
,
i
1
ferred stock,
v. 78, p
1
878.
k
Common stoek authorized, 825,000,000; outstanding, $10,
750.000 (par 8100). Preferred, see table above, v. 72, p. 1211.
Divini.M.s. Dividends on pref. stock ilnoe recapitalization, 3>g p.c,
rov. 1.1901; tn 1902,7 p 6 (paldM.AN.); In 1903, May, S
liiiM)s.-(>»i«//ii/it/i </ )ouii morlga
plants at Steelton. Pa
Darrow Point, Md., all or the $1,000,000 stock ol tin- Marylann
,
K>,000 capital slock of the .luiacur
red to rel
Iron Co.; 88,000,01
Oartiusl
V. 72. p
not«-s Dec. 81, 1800, 8250,000.
Of tin- coii. truntSp c bonds trust 5s of 1902, not ies< than $100,000
nor more than 8500,000 may be tailed, al 105, al any Interest period)
In addition a sinking fond of 50 oents per ton of ore mined
similar v applied; If the sink, find Is not sulllclent to n
8150,000 the company musl meet deflolenoj
V 7i.p 1812
(
1
,
1
Ki.niiu for calendar >
7(i, p
\
917, showed: Earnings
of operating companies over charges and depreciation,
against $2,161,507 in 1901; dl\l. lends (paid to Penn 10), $1.1
bal., $1,296,032; total receipts of Penn Co., $1,212,336; bai.denolt,
under es pen -es
nt dlv. on pref. ilnoludlng 3^%
palil .May. 1903), 9
»mblned Surplus Of operating and holding
oompai
01
Directors, Oot 1901, V. 73, p. 1355. (V. 75,
1.
.
<te
8.
A
N.
&
Due.
Look
Dividend.
—
Stock*
A.
3.482.0OH
"O.OoO
A-
B.
6g. M.
A.
600.0(10
32,969,100
in
2,lc
!*
2,500,0(1(1
D. N\ Y. Mercantile Trust. Dec.
O.
N.Y., First
N.BkA
Pat.
Phila.. Broadst. -Nation
Checks mailed.
Philadelphia Offloe.
1. '99,
I**
Aug. 1, 1922
Moh. 1, T349
July 1. 1910
May 1.03, 3>*
Nov. 1, 1917
Feb. 1, 1922
do
do
Girard Trust Co.. Phila Sept. 1. 1925
Philadelphia
Oct. 1, 1932
5 g.
5 g. J. & J. Girard Trust Co., Phlla July l.'03'12
1902 Q.— F.
N. Y., Central Tr. Co. Maj 25, 'OS, H*
6g. M. A N. N". Y., Cent. It. A Chlo. Nov. 1, 1904
F.
4,900,000
6 g2,000,000
g
t g.
10,000,000
5
4,240,000
5 g.
500,000
7
300,000
6g.
2.500.C
5 g5,000,000
200,000
250,000
6 g.
24,987,750 5 In 1902
14,982,200
4 g.
1.994.30O
5 g.
5 g.
11,206.700
-
5*
.).
A.
J.
J.
J.
A O
,v
&
&
A&
M.
&
J.
<fc
M.
M.
M.
&
&
J.
J.
J.
A.
A.
People'* Ua« l.l^ln
1»« quar.
1»4 quar.
3*3
4
1
1^ quar.
2nd preferred and oommon, these stocks share equally.
Latkst Earns.— 10 mos ) 1902-3. .Gross, $4,530,230; net, $904,064
July 1 to Apr. 30.
4,155,981; net, 838,996
$ 1901-2... Gross,
Report.— Rep. for year ending June 30, 1902, at length in V. 75, p.
847. 862, showed gross of steamships and oolliers, $3,299,337; net
$449,743; rail lines, gross, $704,643; net, $363,440; ooal department,
etc., gross, $1,070,228
net. $275,509. Detailed results were:
$222,300
Gross earnings
$5,074,207 Interest on bonds
24i,304
Op. expenses and taxes. 3,985,515 Depreciation, etc
Div. on 1st pref. (5%) ...
76,250
Div. on 2d pref. (4%)
Net earnings
160,000
$1,088,692
Interest and discount
41,114 Dlv. on common (4%) .... 280,000
2d
&
M.
5
5
1,9!
Since.
Q-F (4% per
A.
g.
7 in 1902 M.
1,0c
500
500
J.
g.
5
6
2,28!
1895 500 Ac,
1,000
1902
1,000
&
1899
5
3 in
10,.^00,000
iHuiuts— Principal, When
cent^ Payable
,
I
1,000
1 .000
[Vou LXXVII.
INTEREST OB DIVIDEND8.
When
,,
1,500.00
905,000
1,000
1,000
1H Q-F (5%
41.
Amount
Bonds Value. Outstanding
1900
1899.
2
2
|
o.
Blze, or
of
.*
-
GP
Ml. -el
;
&.
A
&
N. Y., Cent. Tr. A Chic.
O. N. Y., Central Trust Co.
T
J. N Y., CeuflTr. A Ohio,
I).
.
Apr.
July
do
J.
do
Julv
D. N. Y., Central Tr. A Ch Dec.
N. Chicago, Chic. Nat. Bk. Nov.
J. 111. Tr. A Sav.Bk.,Chio. July
New York.
Sept.
8.
N. N. Y., Cent. Tr. A Chic. Nov.
8. First Nat. Bk., Chicago. 8ept
J. Chicago Eq. Trust Co.
July
.
1,
1,
I,
1,
1.
l,
1,
1,
1,
I,
1904
1943
1905
1937
1936
1915
1915
1947
1947
1904
1917
*
J'ue lS.'OS^
Checks mailed.
Laud Title A Tr Pliila
.1
Oct., 1H49
O. CitvTr.,S.D.&S.Co.,Ph Aft. Apr., 1946
O. l.HiidTit.ATr.Oo.. Phila. Apr. 1. 1948
&c
Coke (Chleajjo).— An
At
A-
D.
.
absolute consoli-
Oas
2, 1897, of the companies formiug the old Chicago
Mutual Fuel was purchased
p. 1088; V. 65, p. 235.
dation on Aug.
Trust.— V. 84.
In
November, 1897, and early in 1898 consolidated, as was also the Hyde
Park Co., with the People's Gas-Light & Coke Co. The Universal Gas
Co. (stock. $1,500,000) is controlled In the company's interest.— V.
67, p. 179; V. 68, p. 474. On Nov. 1, 1900, made a oontract to purchase tbe property of the Ogden Gas Co. for $7,000,000, at the expiration of the latter's frauohise on Mar 4. 1945. V. 72, p. 91, 244,
630, 779; V. 74, p. 99, 155. As to Indiana Oil A Oas Co.. see V 67. p.
690; V. 68. p. 825, 11*2; V 71. p, 33, 1123. As to Northwest-rn Gas
Light & Coke Co., see that co. above.
Property.—In service January, 1902: Street mains, 1,796 miles
meters, 323.0S9; publio lamps, 24,911. 8ee V. 66. p
In June, 1901, a settlement was reached with the city on the basis
of the latter receiving on account of its percentage of the gross receipts (viz., 3^ p. 0. from illuminating and 5 p. c. from fuel gas) free
gas for 25,000 street lamps (this service to be valued it £3 1O.OOO) and
for these lamps Welsbach burners (valued at $25,000), these to be
maintained by the city; any surplus in the percentage above $375,000 to be paid in cash." The contract forbids the city to attack thooompany's franchise, but reserves to it the right to continue the Ogden
gas and 75-cent^gas suits. See V. 72, p. 1283, 1087; V. 74, p. 155; V.
75, p. 240, 609. In Aug., 1901, suit was brought by the State to test
the constitutionality of the Consolidation Act of 1897. V. 73, p 349
Stock.— In Sept., 1901, stockholders subscribed to $4,300,300 stock.
raising the amount outstanding to $32,969,100. V. 73, p. 496.
'93.
'94. '9^. '96. '97 to Mav.'03
Divs.— )'89. '90. '91 '92.
Percent. ] 4
3
3
5k 4^(1 128C) 6 213 1^ Sy'rlyd »«Q-F)
Bonds, Etc.—Of the $40,000,000 Issue of 1897 $26,546,000 bonds
were reserved to retire prior bonds. The balance may be Issued for
additional property, improvements or betterments. V. 65, p. 572.
Report— Beport for year ending Dec. 31, 1902, in V. 76, p. 380
1900.
1901.
1902
VEAR8 ENDING DEC. 31
$9,663,476
$9,090,337
Gross Income
$11,058,413
$4,642,550
$4,871,305
$5,145,202
Net over operexp
~,30O
1.^57.300
1,857.300
Interest on bonds
611. Sit!
584,175
630,586
Depredation
$2,4u2.169
$2,201,075
Balance for stock....
$2,657,316
*l, 720, 128
$1,978,146
$1,784,633
p. o
Officers.— Chairman of Board, C. K. «. Billings; President,
Knapp; V.-P A. N. Brady. 2d V.-P., Walton Perguson; 3d V.P., C. K.,
Wooster; Treas., W. 8. McCrea; Sec, L. A. Wiley. OUlce, 54 Wall St.
Dividends, 6
I
,
Y.— (V. 74, p. 1041, 1255; V. 75, p. 246, 669; V. 76, p. 3 80,
Philadelphia Company.—See Pittsburg, In Street Rv. Bup.
Philadelphia Klectrlc Co.— See page 109
PI]lMlMiry-\Ya»hbiirii Flour IU1IU Co.— (V. 75. p. 1305.)
Pltteburg (Dal Co.— Seepage 169.
N.
1
Plainer*' Comprees Co.—See page 169.
Poembontaa Coal &. Coko.—Bee Norfolk & Western Ry.
Pope manufacturing Co.— See Amer. Bicycle Co.; V. 77, p. 150.
Postal Telegraph Cable.— Bee Commercial Cable Co.
PrewM'd steel (nr Co.— Organization. — Incorporated in New
Jersey on
1899, as a consolidation of the
Steel,
111., and Pittsburg, Pa., and Bohoen Pressed
Pittsburg. Prospectus in V. 68, p. 188, 131. See V 71,
VS4S Capacity of the works about 120 cars a dav of largest size;
average dally output Oct., 1902, llOcars. V. 69, p. 745; V. 70. p. 1000.
Competition, V. 73, p. 1316; V. 74, p. 5^0. Leases plant of Western
Bteel Car & Foundry, llegewisoh. 111., having capacity of 50 wooden
oars dally. V. 74, p. 801, 835, 788.
BOUDS.—The first mortgage gold bonds are Babied to call In whole or
74, p.
part at par and interest on any Interest day. v. 72
203. Series due Feb i. 1904. was called for and payment made on
;io;i
v. 75. p. 1305. There are also $75,000 purchase
M
Alleghany land purchased June, 1902 int. at 4 p.c. being
payable J. & 1>. and principal at any time in Mini- of 810,000,
imiio Mis On pref.: to Jan.. 1800, 1% p o paid quar. (7$ per an.]
l)iv. period changed to (J. P.: May. 1800, 10 May. 1908, 1 ->i p. e. quarOn oommon, 1900, 6 p. c; 1901, 4 p. o 1902 (Q.-K.h 4 p. c; in
lyableln q
1903, Feb., 1 p. o ; May, 1 p. c; also I p.
Instalments, beginning Feb. 24. V. 7(i, p. 200.
ir8 mos ending afar. 81, 1903, net, 8J 069,unst 81.025,118 in 1902; Int., 848,191; depi
dlv. on pref (1*J p. O.,) 8218,750s bal for com mon stock,
BftTOHT. Report f'.r year ending lee. 3 1 190.'. with bal. sheet, was
14;
depreciation,
in V. 76, p. 264, 433, showing net earning
dlv. on pref (7 i> o), 8875,000; dlv. on oommon (4 p. o,
In 1901 net earns., *i,<>:
500,000; balance, sur. 82,903,114
.Ian. 13,
I
I
Equipment Co. of Jollet,
Steel Co. of
i
—
;
i
.
1
t[>0;
(tit.
N.
!••
Jan. 1808, V. 74,
,
v. v. Offloe,
iiotist.it
'-'i
BroadSt.
918; V .70. p 2o.».-<\". 78,
New
d
i
2<>l. 269, 133.)
h'.iu und«M' laws
Procter A- «..<iul>le < o.— Formed
.i
carry on soap, candle, oils and glycerine business,
In
-locli was Increased and bond* paid ofI\
Y.71 p 713, 817, 915.
1900
o nmon stook
stockholders voted Maj 2s, 1902, to lnrre
The
,500,000 to 86,000,000. V .71. p. :ii. joo [a 1903 arranged
\. ,b.
to build a new plant In Kansas City t cost about $1,000,000.
p.
p.
m
-
,
I
,
i
.
,.
nea
1
•
\
76, p.
'
91
7. 923.)
IM\
mi m.s
ommon.
OH
pf.
111
-
)
.]
1891. 1892 to 1897 Incl.
1901 to M
12 per cent
BOy'rly. 12 yearly fQ.*F.)
Cincinnati. (V.76, p. 1!
full to. July. -03. Incl. Oilier.
"
MISCELLANEOUS STOCKS AND BONDS.
Jtjlt, 1903.]
When
,
PitUburg Ooni— Common -took, $32,000 000
Preferred BtOOk, 7 per cent,
ciiinu!
100
01,200 7 In LOOS
1001
1st M., gold notes, red., du
.ily, Peb No.<
Procter <* (tumble. Common
Pref. stock <s p.c., cum i. Beetermsli
Pullman (,'itm pony Stock, 074,000,000..
Ouie kmlver Mining Preferred stock, 7 p. o., nol oun
ooo
Railway S'eel Spring Oo. Oommo
Preferred, 7 per coot, cum., $18,000,000
kejrubhr Iron ,( Steel Common stock, $30,000,000
Preferred, 7 per oent, cumulative, $2 i.000,000
Royal Baking Powder Common itoek, rio.ooo.cOO
Preferred stock, $10,000,000, t> per oent, cumulative..
Rubber (><><><(* Manufaeturino—Oom. itook, $25, ooo.oOO
$30,000,000 Ibonds, see text).
Pref, stock. 7 p. c. 'cum
Safety Car Heating <* I.ighixng stock [$ '.OOO.OOOl
Machine) Ifanu/oc'p— Stook, $30,000,000
"1.000.
Stat* ShrjrTtetd Steel a? Iron— Common BtO
Preferred stock, 7 per cent, uon cum.. * 10,000,000. ..
» lion ,v steel Co. 1 -f mortgage, (jold * O
General mortgage, (told, subject to call at par. Co...
Standard iltll'g Stock i$0,900.000 is pref. 5 u non
0*
First mortgage, gold, $6,360 000 ."Ho
-F.
1,
1900, the
S
In I'"-.;
p. «:»
i
.
Oo.
$17,990,782
$7,878,199
1,48
846,760
5,919,886
1033.)
Kapltl Transit Ferry.— skk Sop., Oct.. 1897; V. 68. p. 1134.
Kcniibllc iron A Steel Co.— Organization.— Incorporated In
New Jersey OH May 8, 1899. toconsolidate J'.i plants making bar and
forge Iron, being practically all the plants In theCentral and Southern
States west and south of Plttsborg. V. 68, p. 873. Also owns 7 Mast
furnaces, mining properties In the Bfesaba range, '" 'be LakeJSuperlor region, extensive Iron an4 coal lands inclmiinir those belonging
to Pioneer Mining a M(<. Co. of Birmingham, Ala., and the cokejplant
V. 71, p. US) POT list of properties
Of the Council s\ llle Col,
men-cd see prospectus. V. 68, p. 674; V. OS. p. 1227: V. 60, p. 889.
850, 1151; statement, V. 70, p. 228; V. 71.
454] v".76,p
p.
STOCK. -Common, s-iO.000,000; pref. (as to assets ,-\nd dlvl.lends), 7
per cent cum., $35,000,000; of which $3,809,000 common and *4.t;4:i.
100 preferred, reserved to purch.i-e additional properties. Annual
oapaclty of ilnlshed material over 1,250.000 tons. V. 71, p. 453.
DiviDEND8.-On pref.. Oct. 1,'99, to July/03, 7 p.e. y.-arly (1\ Q.-J.)
Rki'okt.- Report fort! mos. ending Dec. 81, LOOS with balance
sheet, was In V. 7H, p. 330. showing: Net profits, $3,091388. against
$1,419,549 in 1901; Improvement
ref. stock (3>fl ner oenti. $712,
76f>; itlv. on
»1; bal., 1UT
$1 71,632.
Report fir year ending" Jane 30. 1902. la V. 75. p
showed: Net profits, $3,260,077; Improvements, renewals, 01
011,245; div. on pref. (7 per cent*. *1.424,107; bal.. mr., $824,725,
Officebs.— President, Alexis W. Thompson; Seoretary, B.L H
Treasurer, John F. Taylor. Main offloe. Stook Elzohange Building,
Chlo. Dlreotors. Sept.. 1902, V. 75, p. C13. 984; (V. 7t>, p. 380. 97 1.)
Ktaode Inland Perkins Horne«linr.—See page 169.
1
|
.
Royal Baking Powder Co.— Okuam/itidn.- Incorporated In
Feb.. 1899, under the laws of New Jersey, and merged Cleveland Bak
Powder Co., Royal Baklmr Powder Co.. New York Tar'
Tartar Chemical Co. and Price Haklug Powder Co. See V. 71. p. S4j.
DiviDEND9.-On pref., to .Mar., 1903, lncl. 6 p. 0. per an.— l»s quar.
Dividends at the rate of 8 per oent yearly, it Is understood, have
been paid on the common stook.
Pres.. Chas. O. (iates; Yloe-P.^A. H. Porter. Jr.; Treas., John Morris;
Sec. W. L. Garey. Onice. 100 William St,, New York.— (V. 72, p. 679.)
lug
1
It
libber lioods Tlannlacl
11
rl 11-
Co.—Oroanization.— Incor-
porated in New Jersey on Jan. 26, 1899. and acquired 99\ per cent of
the stock of the Mechanical Rubber Co., 75 per cent of the stock of
Morgan & Wright, Chicago, 111.; the entire capital stocks of the Peerless Rubber Mfg. Co. of N. Y. and of tne India Rubber Co. of Akron. O..
and the entire stocks of Sawyer Belting Co.. Hartford Rubber Works
Co., Indianapolis Rubber Co. and Peoria Rubber A Mfw-. Oo,
v. 68, p.
189. See official statement in V. 68, p. 872. V. (is, p 774; v. 71, p. S4S
In Feb., 1900, acquired capital stook of Am. Dunlop Tire Co.
STOCK. Etc- Stock authorized, common, $25,000,000; pref., 7 p. a
cum., $25,000,000; par $100. Outstanding, common, $16,941,700;
pref.. $8,051,400.
Dividends on pref., June, 1899. to June, 1903,
(l\% Q.-M.) On common, July, 1900, to July, 1901,1
/ p. 0. per an.
p. 0. quar. The bonded debt of oompanles controlled consists of:
$841,500 Mechanical RubberCo. 1st sinking fund gold 6s, due Jan. 1. 1918;
»«36.045 N \ Heltlng A '"acklng 1st mort. sink, tund deb. 69, duo Jan. 1. 1918,
.
.
subject to call at 110.
Report.— Report for 1 5 mos. ending Mar. 31, 1903. In V. 76.
showed: Net income. $933,860; dividends on preferred (8*
$704,497; bal., sur, $229,363.
Juh
do
I
-Ce fe\t
Oo 4ug.i5,
r
Q.-M.
!
ir>
J'ne 20/03,1
July
(Jciieral o:'
i
Q.-J.
1. "03.
\
1H
Otaeoks
1,700
>.-J.l.".
July 15/01,1%
do
d"
ll.e 16/03.1«J
J.-M.lo
9,061,400
By check.
July.]
4,849.600 See text.
30.000.000 7 111 li»Ol Q-M.
<'2,1H
7.S00.000
Guaranty Tr. Oo, Julv 1.03, lh
6. 7O0.0OO 7 In 1901
Q.-J.
F. A A. N. Y .Central I'r
Feb.
3,000,000
g.
.11
J. ooo.OOO
do
Apr.
4»«g. A. A O.
11.500,000
Apr. 10/03, 1%
Metropol I'r. Co
If. A N. n. v
1
1.000
,
1306; v. 76,
LOOS
•
1
1800
mow
p.
lull
03.3%
Olnotnnatl.O. ,Oo. Ottlue
.
I
76,
do
•".'
10,000,000
100
Jersey on Feb. 25, 1902. as a consolidation of the a.
Spring Co., Pittsburg, Pa.; Charles Beott Spring Co., Philadelphia, Pa.;
Detroit8teel ASpringCo.; Pickering Spring Co.. Ltm.. Phil*.,
tional Railway Spring Co., Oswego, N. Y.
V. 74, p. 883, 483. Offlcial
statement, V. 74, p 984. In .lime, L902, purchased the Steel-Tired
Wheel Co Issuing $3,500 i)c o each of common and preferred stock
ther.for
V 66, p. 18ft; V. 72, p. 4U; V. 74, p. 1041. [300; V. 75, p.
so. Total capacity of nil plants Matured, L85/750 tons annually.
Dividends on pref., l\ p. o. quarterly, paid June, L902, to June,
No bonds. Aggregate net earnings in 1901 of properties consolidated, $1.
n
1900, $1,556,967. balance she*!
i,
L903, V. 76, p 651. President. J. E. French; Sec, M. B. Parken Treas., James c ». ach. Directors, V. 74, p. 1200; v.75, p. 1308.
v.
Ing, Pitta
1
7 In 190S
(K),0O0
20.361
10,0<"
1899
1
New
13,
Mn\ 27
/
27.191.oOo
"ioo
Net surplus for year
$3,015,750
13,81
Pres.. Robert T. Lincoln, Clilo.
N. Y.. 15 Broad St.— (V.75. p. 908.1
Quicksilver 71 In In -.—See Suit, of Oct.. 1897; V. 72, p. 2 41.
Uliilnii.— V. 74, p. 3 76; V. 76, p. 216. 502.
1* til
— Incorporated In
Itullway iiccl Spring Co.— Okovm/
my
74,0c
4,391,300
13.500.0O0
1887
1
Paid o her -leeplng oar ass'ns
Dividend- on capital stock
s in
loo
LOO
100
100
$9,317,584
J ,908,903
485,749
5,919,924
12 in
Farmers' Hk. Build-
A A
F.
.0,000
LOO
loo
10O
100
Warner Palace Car
SLSKr^S.^:::::::.::::::::::::::::}ww97^»
03.1\
j
7
4
3,r>o.
100
sold its assets to The Pullman Company, representatives of the Vanderbtlts entering the board of directors of the latter company, the
stock belli*- Increased from $54,000,000 to *7 I. OOO.OOO, to retire the
W agner Company's $20,000,000 stock. See V. 69, p. 854; V. 70, p. 40.
cash Dividends.- > 1877-80. '81-83. *84-98. '99. 1900-02.
1903.
since 1877— P. Ot S 8 yrly. 9»« y'ly. 8 yrly. 6»« 8 yrly. InoLA g.,6
In 1 s'.is pniu an e\ ra cash dividend of 20 per oent and sto'
dend of 50 p. 0. to distribute surplus assets. V. 67, p. 75, 789, 840, 902.
Report.- Report for 1901-02 was In V. 75, p. 905:
Tear$ ending July 31.
1902.
1S01.
Operating expenses
Depreciation on oars, etc
iioin
Pittsburg,
i.boo
L00
LOO
LOO
LOO
,
Jan.
b\
-J.
00,000
25,0*
190-J
MoKee's Rocks pun
Pullman Co.-On
\S
O
100
10O
'KIO.OOO.
mortgage, gold, pavat.le pan
Prttted Steel Oar 0o, Mmk, common, $12,500,000
Pref. stock (as to assets), 7 p.c, non cum., $12,500,000
(The)
I'rlnci
pal, Wto
Where Payable, and
•100
...
I
161
ividknds.
Mi-ri:i.i.\M:orH.
Date Size, or
Am mnt Rate pet
For explanation of column heading.), Ac, see notes on
Bonds Value Outstanding
Ilrst page of tables.
New
;
I
p. 863,
p. c)
.
Okficbrs.— President, Charles II. Dale
?d vice-Pres., Krnest HopkiasoB
Dreas.,
Harry Keene. Oen. oitic.-, 1".
rectors, April, 1903, V. 76. p. 814.-(V. 76. p,
raJbotJ
I
raylor; 8eoy
J
;
.1.
1
A
2t 9. 814,
8B3, 869
,
Di.
)
Mo, * m/ \ rios— incorporSalety Car Heating
Llclttlew.
ated in 1887 in New Jersey. Manufactures "I'lutsch" light
tus, which Mar. 1 1903. was In us.- on 20,326 cars |q t:.. United States,
Including 3,197 Pullman cars. Stock, see table; no bonds.
Divii.KMis.- > 1889-92. 1893 97. L89S-00, l'.'Ol. 1902. 1903.
6 5 rly.
" yrly.
11
Cash (per ot ).. s 4 yrly.
Below.
9
From 1808 to .Julv. 1903. Inclusive, 8 j». o. veariy. with extfa quar190'-, to.
terly dividends of 1 p. c rrom Oct
3 p. c. extra in Oct 19 t and on Sept. 2. !'oj,
extra In Mock.
p
Rl port — Year end'ng Dec. 31, 1902.oomldn'
agS Of Safety
and Pint scb cos. were $933,908; dl vs. on Safeti '. *'•'< k 10 per cent),
$401,784; dividends on Plntseh Oo, itoek, .\... 188,100; baL, Mir.,
Andrews. Dlreotors Include: Robert Andrews,
$401,024. Pn
K. M. DtZOn, Win. Harbour. A. 0. Soper. Win. A. Read, J, E. French.
Bdw. Lauterbaoh, P B. Wyokoff, K M Buikie* and Geo. P. Hiker Jr.
Main Office. ISO B*waj M V.-tV. 74, p. 104 1, l08Tj V. 7ti. p
siii^er (S<>»% Intr iTIaclilne) ^11^. Co.— >m. \m/ vnoN.— Incorporated in 1S73 111 New Jersey under special W
re located at
KUzabeth, K. J., and Kllbowie, near QlasgOW. In Dec. L802, the MulOg Irou 'A' irks at Netcong. V. J., WOTS purchased and
ei 11 furnace and foundry will be erected.
V. 75, p. L308. 8toC
bi 200 peroenl stuck
OOO.OOO, having been Increased in
dividend, capitalizing surplus. V. 71, p. 1224, 1273. Cash dividends.
as reported, were: In 1898. 30 p. c; 111 ls99, 100 p. O.j In 1900. 20
Dividends on stock as increased 1901 to Jam-, 1902, lncl., 7Jk c.
p. 0.
yearly (paid (4.-IL) Ottioe, 149 Broadway, New York. -(V. 7.\ p
Blo ae B eflield Steel A Iron Co.—Organization.— Incorporated in New Jersey and In Nov., 1899, acquired several propSee prospectus, V. 09. p. 288;
r stock representing the -ame.
V. 70. p. 1099; V. 71, p. 185, .Ml] V. 72, p 779: V. 76, p. 65
r
OO.OOO common and *3, 30O, 000 pref. was reserved fur s Bteel plant
and future requirements. See listing, V. 70, p 1200, showing properties, rights of preferred shares, balance sheet, etc.; also V. 72, p. 774.
Dividends ou preferred, April, 1800, toJnly, 1803, 7 p
(Q.-J.) Earnings ror6 mouths t-i.dlng Mav 31, 1803 ipartly estimated).
"(HI; div. on pref..
net. +1.240,592. agBt $518,2 IO; int. and
$228,000; baL, suTj, 8883,582. Report (or year endingiNov. $0, 1802,
:•]).•( Intlon,
given at 1-ngth in V. 7t>. p. t;*v'2, t;r>9, showed
etc, $1,338 381; bond interest. $210,000; div. on pref., 7 p. .. $469.000: sur. for year, $659,391. Total surplus Feb 2s. L803, $1,657,734.
'
.1
,
.
>
1
,
1
I
1
1
.
<
I,
1
h
•
.
>
<•
I
1
<
Pres., J. C. M*ben; Sec. and Treas., j. 11. Meg teen, Birmingham,
Ala.
New directors, .Mar L808, V, 70, D. 60S. V. 7ii, p. 977.
.
(
.
southern A Atlantic Tele4US4pfc. Leased to Westen lir.ioi
(which owns $390,475 of stook) and stock guaranieed b] rental r> p. c.
Southern New Enjr. Telcph.— (V. 74, p. 176; V. 76, p. 29s
so 11 III Vllba Water Co.—See 8CPPLEMENT for Oot., 1902.
sinndard .Milling Co.— s, page 1 69.
Mautlartl Oil.— 0B0 vm/ ation.— This N«w Jersey corporation succeeded in June, 1888, to the Standard >ii propei ties, held by liquidattrustees.
See Suri'i.KMKNT for April, L898, and v. 68,
ing
p L227 ; V. 88, p. 28. Controls petroleum oil refineries In all the principal (Northern cities of the United states, and
ibout 65 per
cent of the country's total output of rellned oil also controls oil wells
in Pcnn., Ohio and W. \'a.. anil has pipe lines for transmitting Its oil to
tidewater. V.liti.p. 1239; V. 09. p. 74.".; V.71,p.l273.
-7.870.
STOCK— Common, $100,000,000; $10,000,000 prefeired can,
Divii.kni.s-) 1891-95. 1996. 1897. '98. '99. 1900. '01.1902. if)03.
Percent
sl2ayT.
31
33 30 33
4M H.low.
48
48
In 1902. Mar.. 20 p. e June. 10 p. o Sept., 5 p. c; Dec, 10 p
•larch, 20 p. c
1903, June, 7 p <•.
Officers.— President, J. I). Rockefeller; Treasurer, W. H. Tilford
ary, C. M. Pratt. Office, 26 Broadway, N. Y.
Dikkctorb.— J. I). Rockefeller. William Rockefeller, EL M. Flagler,
J. D. Archbold. H. II. Kogers. W. H. Tilford, C. M. Pratt, O. H. Payne.
B I. Hedford. C. W. Harkness, J. A. MoHett. P. (J. Barstow and Walter
Jennings.- (V. 75, p. 2y4. 1 150, 135s V. 76. p
S70.)
Mandard Kope A T w I tie Co.—See page 169.
Suaqiie. Iron A Steel Co.—See Scrp for Oot., 1901 V. 75. p. 398.
sulli A « o.— <>uo vM/ iTiuN.- Incorporated In Illinois April 1,
1885. Has packing plants at I'nion .Stock Yards, Chicago; at
Omaha.
v, East St. Louis, South St. Joseph. South st, Paul
and Fort Worth. The National Packing Co., wr
lttiorIzed stock, was Incorporated In New Jersey in Apr..
certain Independent packing companies acquired In
vift A
Co. and other packing Interests. V. 76, p. 08, 7.e>r..
*o,oOO.
I vm. Bonds.— Stock was Increased .la;
Dividends since lsss: 'S9 to '91. lncl., 8 p. c: "OS to July. '98, lncl., 6
Bonds, s« e table at..
p. c; OoU, '98. to Ju y. 1903. 7 p. 0.
Hi i-'.kt.— Report for vear ending Dec.
il.sheet.was
!u V 76. p. 100. showing: Sales (oven. $200. OOO.OOO. against
OOO.OOO 111 1901 and $ 170.000.000 In
I
•<•
I
;
1
:
;
;
;
;
.
:
'.
-
1
above depreciation, rep
Swift;
I
Pres.,Louis F. Swift; Vice-Pro-.. Kdwi.td
Sec, D. E. llartwell; A--
syracime Mglitliis Co. — V.
Tamarack lala* <•.— \
Temple Iron Co.—See pace
<
1,
anb— (V.
p.
882.
76, p. 1196.)
598.
p.
70,
7
!
-
170.
1
143. 1.
.
971.
.
'
.
INVESTORS' SUPPLEMENT.
162
LLLANEOUB.
MLB<
of column headings,
nrst page of tables.
For explanation
Date
Ac, see notes on
p
Bonda
Standard Milting Co. (con. >— Underlying M's. undisturbed
Btandurtt Ott—Stock, $100,000,000
gland. Root <t Twine 1 st M.,g.,s. f., to call at 105.7Ia.c"
Oonsol. M.,nou cuiii.. incomes, g., to call at par.. < <
«wn// <£ Co.— Stink, 926,000,000
1st M., $5,000,000, (fold, call after July, 1910..
Temple iron—Stock, $5,000,000, guar. 8ee text.
Mort.Acoll.tr. bonds, $15,000,000, g..gu.,s.f.,te\f «.
Tenn. Coa/ /. rf PR. Co.— Stock ($248,000 Is 8° ouiu. pref
Blrm'gh'ni, Ala., Dtv.,con. M..g.,s. f. 1%, not din
Tennessee Div. bds, g.,s.f. 1 **% yearly, notdr'n
DeBard. M., g., ass s. f. $30,000 y'lr, not dr'n.F. 0"
Tenn. Coal Iron A KR. gen.M.,g., 915,000,000. 1'n...c'
Ala. Steel A Shipbuilding, pref.
p. 5. cum., guar
1st ML. g.,gu., s. f.. reg., red. 110 begin. Jan., '07. KEa
Cababa 1st M., #1, 100,000k., gu., s. f., red. at HO.Ce.C
Union Bag <t Paper— Stock, common, $16,000,000
Pref. stock (as to as and div.), 7 p, a., yam., $1 1.000,000
.
1896
L896
i
AC.
;
1900
)
1887
IssT
L890
1901
<
,
r
|
'
I
i
1890
1902
1st M., gold, red. at 110 after Nov. l, 1895
InionSi.— 1st A coll. M.. *tr>. 000,000,g.,gu.p.Ai a.f.N
Union Typexcriier— Common stock
1st 7 per cent preferred stock, cumulative
2d preferred stock, 8 per cent, cumulative
United Box Board d Paper— Pref atock, 7 per cent cum
lstmort., $3,500,000, g„ part due yearly, red. Ho. O*.
United Oopner Stock, Is 6% oum pref
1903
!
Tennessee Coal Iron & Kail road Company.— Organization.
—Owns
blast furnaces, coal mines, Iron mines, foundries, Ac., in Tennessee and Alabama— V. 55, p. 60. 463. V. 63, p. 31; V. 69, p. 82; V.
68, p. 1227; V. 70. p. 588; V. 75, p. 621.
On Nov. 30. 1899, the Alabama Steel & Shipbuilding Co. plant was
The plant has ten open-hearth furnaces
opened at Ensley City.
of 50 tons each and a capacity of 1,000 tons of steel billets and slabs
daily, and is leased to the Tenn. Coal Iron A RR. Co., whiob
(ruarantees its $1,1 00.000 6 per cent bonds, and $440,000 6 percent
preferred stock. V. 70, p. 591. The common stock, all owned by the
Tenn. C. I. A RR. Co.. carries control of stock. V. 66, d. 1002, 1235;
V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
Dividends.— On common In 1887, 1 per cent: in 1900, 6 p. c; none
since to Jan., 1903. Preferred paid In full to Aug., 1903; see below.
Stock.— The authorized common stock was increased in 1900 from
$20,000,000 to $23,000,000. V. 70, p. 382, 483, 589.
Bonds. -Of the $15,000,000 general gold 5s of 1901. $3,000,000
were sold to complete the steel mill at Ensley, having an annual capacity of 100. COO tons of rails and 200,000 tons of steel and other
forms; $10,6°>3,500 reserved for existing bonds bearing 6 and 7 per
cent interest, and the balance for improvements. The making of rails
was begun in January. 1902. V. 72. p. 876. 940, 989; V. 73, p 86, 554,
Iron 7s due Nov. 1, 1903
1117; V. 77, p. 93. $27.0l0 Pratt Coal
Latest Earnings.— Earnings for the 6 mos. ending June 30. 1903.
were: Total income, $2,135,475; fixed charges, $394,833; depreciation, $230,790; div. on pref (4 p. o.), $9,932; bal., surp., $1,494,914.
Report.— Report for 1902 in V. 76, p. 434. In 1901 output was:
Coal, 4,085,08b tons; coke, 1,179,855 tons; Iron ore, 1.415,723 tons.
rear end. Dee. 31—
1902.
1901.
1900.
1899.
Tot. net profits.... $2, 656.747
$1,725,638
$2,347,027
$1,865,705
Int. on bonds, .fee.
804,251
862.189
705.282
577,832
41W.537
Depreciation, Ac.
359,234
(!)
76,962
Dividends
23.175
19,864
1,497,876
&
sr.$143,869sr.$l,210,911
sr.$484,351
DiRECTOR8(May. '03»—Co rd Meyer, James T. Woodward, D. H. Bacon,
R. Sloater, James H. Smith, William Barbour, A. B.
Boardinan. F. S. Witherbee, Joseph B. Dickson and 8 L. Schoonmaker.
of New York; Walker Percy and Charles MoCrery of Birmingham, Ala.
Chairman of Board and President, Don H. Bacon; Secret'y andTreas'r;
L. T. Beecher. 100 Broadway, N. Y.-(V. 76, p. 1089; V. 77, p. 93.)
Texan A Pac. Coal Co.—See page 170.
Texai Pacific Land Trust.—V. 74, p. 1256; V. 76, p. 652.
B. F. Tracy, H.
Is
Tidewater Steel Co.—V. 74, p. 535, 991; V. 76, p. 162, 870.
Trenton PoUerle* Co.—Stock, $3,000,000, of which $1,250,000
8 pc non-cum. preferred; 8dp. April, '97. Div. on pref.. 2 p. c, paid
April 10. 1900; last previous June 11. 1894; July, 1900, to Jan.. 1902,
both incl., 8 p. c. yearly— 2 Q.-J.; 1902, 8 p. 0. (paid Q.— M.); div. for
Dec, 1902. wa« paid at rate of 8 p. o. and dividend period changed to
Apr., July, Oct.and Jan V.76. p.483; April and July, 1903. 2 p.o. each.
In Oct., 1902, *55",000 4 p. c. Income certlfl ates were issued to fund
the 44 per cnjt accumulated dividends on preferred, the latter being
made 8 p. c. non-cumulative, per plan V. 74, p. 1256 The certificates
are subject to call for a non cumulative sinking fund of $25,000 yearly,
beginning Jan., 1903, payable out of net profits, if any. over Interest on
certificates and dividends on preferred; In Jan., 1903, $35,021 were
purchased and .nccl.il. V. 75, p. 81, 1208, 1258 —(V. 76, p. 483.)
Direct. I'rlnt. &. H'kblnd.—V. 69, p.1060; V.71.P.862.
Union Bass A: Paper Co.— See page 170.
Trow
Union Depot Co; of Columbim, O
The
P. C. C.
& St.
L.
owns
a half Interest in this property. —<V. 63, p. 117; V. 64, p. 804.)
Union Ferry.— Operates five ferry lines between New York and
Brooklyn. Capital stock is $3,000,000; par $100. The mortgage cover?
19 ferryboats, real estate, etc. Dividends: In 1894, 4 p.o.; 1895,4; In
1896,4; in 1897, 4; In IK'.H. 313; n 1^99, 3 1900, to July. 1903. 2p.o
<»• p. c. QII As to proposed new ten year lease, see V. 72, p. 940,
1038, 1140; V. 73, p. 86, if
Pre*., J I>. Falrchlld.- (V. 73, p. 1064.)
Union Lead <fc Oil.—See V. 71, p. 100. 1146; V. 76, p. 216, 927.
To. Tlic lint. hihc- steel Corporation, which took
I 11I011 sic.
possession a* of Jul l, LOOS, own* the ei tire 820,000,000 stook, and in
consideration then for, and tin- tarnishing of $li»,ooo,000 cash for lm
guarantees 145,000.000 of new 5 p. o.
bonds, of which about ill remain available for
future rev 78, p. I860; V 76, p 1160; V. 7 1, p 100.
qulren
)um:i> -The planti, located a1 Donora, Pa near PittsPkoikrth.s
burg, on the Mnnongahelu River and Sharon, I'a will, wheu completed In every branch by July. 1903 (tee V. 70. p. 54(i), Include:
Plants at Dnnora and Sharon. Pi- with dailj oapaorfj *« follows;
Wast
.•»
open- heart h limine.. a,40C
mlng hlalibniK
mid abort luir mil In, iJ.vOOtuna: 4 rod mill*, son tens: 8 wire ml mil mills. 7,000
l
—
I
;
,1
.
,
,
f>
.
11
00 toti't;
1 ultBln worati,
tin plate plan)
l.ooo ton*.
kega
I
tube worka, 8
ton<;
ml. 100 tons;
t
1
plate mill,
*<<
by-product coko plant
Coking ooaj property In lower Connelltville district. 4,740 anrea of coal and
H10 urn* of Htirlnco.
on the Mononaahela Kiv.t. ,634 acres of coal and no
i
h o
modern
•
iharon and Penobaool mlnea (In feel ami Donora mid Sweeny mines
(leaaea) on the aasaaoa range, etHiuH ad to oootaln 40,000, uoo tone of iron ore.
iio\l>s.-Thc tits' and collnteral ">s if 1902 ($49,000,000 authorized
arc g larauteed, principal and Interest, by the United Htatea
orporatloa, and are secured by all the property of the company.
In',
,ne lUhleOl to cull
tOOl acquired.
after Dec. 1. 1907, ut. 1 10 and interest. Of the bonda $29,114,0 >0\vere
'
1
Q.-M.
F.
&
A.
Q-J.
J. A J.
J. A J.
J. A J.
Q.-F.
J.
A.
F.
J.
J.
J.
J.
A
A
a
&
A
A
A
J.
O.
A.
J.
J.
J.
D.
New
1911 A 1922
N. Y., 26 Broadway. J'nel5,'03,7%
N'.Y., Manhattan Trust. Aug. 1, 1946
Aug. 1. 1940
New York and Chicago, July 6, *03, 1\
N. Y.,N.Bk.of Rep. A Ch. July 1. 1914
V. Y. Guaranty Tr. Co. July 1/03,3%
N. V., Guar. Trust Co.
Jan. 1, 1925
N. Y., Hanover Bank,
See text.
do
do
Jan. 1, 1917
do
do
Jan. 1, 1917
do
Feb. 1, 1910
do
do
do
July 1. 1951
N, Y., Hanover Bank, July 1/03,3%
July 1, 1930
ao
do
do
do
Dec. 1, 1922
York.
N.Y., First Nat'lBauk July 1/03, 1\
July 1/03, >*%
Co. office, Brooklyn
Q..-J
A N. V. Y., Corn Exch. Bank Nov. 1, 1920
J. A D. N\Y.,N.Y.Seo. ATr.Co.
Deo. 1, 1952
Q.'-J-
M.
Apr. 1/03, 3%
Apr. 1/03, 3 »«
Apr. 1/03,4%
I
,
Bal. for year... sr.$l, 409,784
an
I
Union Ferry—Stock
—
Bern]
i
1898
1892
Dividend
I
;
1899
pal, When Due.
Stoc ks— Last
Rate per When Where payable and by
Outstanding
Value.
Cent.
Whom.
Payable
6
$2,213,000
$100 97,500,000 45 in '02
1,000
2,740,000
l.ooo
6,805,330
100 25,000,000 7 In 1902
500 &c.
5,000,0«0
5 g.
2,500.000
LOO
6
2,82<,0OO
1,000
4 g100 22,801,600
1,000
3,650,000
6 g.
1,000
1,193,000
6g.
500 Ac
2.729.500
6g.
1,000
4,347,000
5 g.
440,000
6
i'obo
1,100,000
6g.
-:<-!.
1,000
6g.
100 16,000,000
100 11.000,000
7
100
3,000,000 2 In 1902
100 Ac.
2,200,000
5 g.
l.OOOAc 8ee text.
5 g100 10,000,000 6 In 19c2
100
4,000,000 7 In 1902
100
4,015.000 8 In 1U01
11,750,882
i"dbo
2,000.000
5 g.
100
5 000,000 See text.
LXXVI1.
Bonds— Princi-
INTEREST OR DIV1DEND8.
»_,„„„
Amount
Size, or
of
[Vol.
A &
A
O.
O.
&
M. &
N.
A.
J.
J. N. Y.,
Morton Trust
Jan., 1904-13
Co.
May 1/03,3%
outstanding when the stock was turned over to the Steel Corporation,
$St12, 000 are Issuable from time to time during 1903 for improvements and working capital, *3, 500, 000 are to be used to retire underlying bonds and $3, "474,000 are reserved for future purposes An
annual sinking fund payment of 2 percent of the amount of bonds
outstanding may be used to purchase bonds at not exceeding 110 and
Interest, or after Deo. 1, 1907, to call bonds at the same prloe. All
bonds purchased or redeemed are to bear interest for sinking fund
purposes, tu us retiring t lie entire Issue in about 27 years. The amount
mlssued (about $5,000,000) will remain available for additions and Improvements. V. 75, p. 1 150; V. 76, p. 107. 54C. Guaranty V. 76, p. 709
The bonds Issued prior to the combination were:
Interest
Date.
Outstanding.
lHa*iirit*.
Sharon Steel 1st
$750,000 O.t. 1, 1940
g sink ) 1900 5g.A&0
fund
5 8ubJ to call at par after Oct. 1, 1U10
Sharon Steel M. (1st on ) 1901 5g.J&D
1,000.000
(»>
tube mill, 2nd on other >Subj. to call at 105 to June 1,1911, thereproperty)
)
after at par.
Sharon Sheet Steel 1st M..
500,000
5g.J&D 1,250.000
* 1901
Sharon coke
biiaron Coke 1st M
f 8ubjectto oaU arter 5 year8
—(V. 75, p. 1359; V. 76, p 107. 334. 545, 709.)
Union Switch & Signal.— V. 76. p. 479, 598, 927, 1361.
Union Type Writer.— Organized ln 1893 ln New Jersey. A
combination Including Wyckoff, Seamans & Benedict (Remington)
Yost Writing Machine, American Writing Machine (Callgraph), Smith
Premier Typewriter and Densmore Typewriter companies.
'93. '94. '95. '96. '97. '98. '99. '00. '01. '02.
Dividends.
1903.
1st preferred, p.o. 3>s
Apr.,3 1*
2d preferred, p. c.O
6
8 Apr., 4
8
8, 16 16
Com. stock, p. c
6 Apr., 3
Pres., Clarence W. Seamans; See. Geo. K. Gllluly. Office, Jersey
City, N. J.-iV. 72, p. 584; V. 74, p. 634; V. 76, p. 2. 9. 658.)
United Box Board &. Paper Co.— See page 170.
United Copper Co. of iTIonttna.— Okoanization.— Incorporated in New Jersey on Apr. 28 and owns about 95 ne c«nt of the stock
aud all the b >nds of the Montana copper properties developed by F.
Augustus Heinze and associates, producing about 42,000 000 pounds
annually, viz.: Montana Ore Purchasing Co.. Nipper Consolidated Copper Co.. Minnie Healey Copper Mining Co.. Corra Rock Island Copper
Mining Co. and Belmont Copper Mining Co. V. 74, p. 942. In calen
dar year 1902 output was 3'), 374,696 lbs., against 30,318,328 lbs. in
1901. (V. 76, p. 870.)
Stock authorized, oommon, $75,000,000; present Issue, $45,000,000,
balance being reserved for new properties; pref. 6 p. o. oum.; $5,000.000. Par of shares, $100. V. 75, p. 139. Div. on pref., 3 p. c, paid
Nov. 1, 1902; ln 1903, May, 3 p. c, No bonds.
Officers.— President, F. Augustus Heinze; Vice-Presidents, Arthur
P. Heinze and John McGiunis; Treas., Stanley Gilford; Sec. vacant;
Asst. Secl.Stanley Glfford. Directors, V.74, p. 1146.— (V 76. p. 870, 927.)
United Electric Co. ofNew Jersey.—See Street Ky. Sop
United Fruit Co.—Organization.— Incorporated ln New Jersey
on March 30, 1899, to control the tropical fruitbusiness. V. 68, p. 620,
979. 1134; V. 69, p. 909, 1016. Stock authorized. $20,000,000; all
common; par $100. Issued, $12,369,500. V. 71, p. 393.
Official statement, V. 69, p. 854. Properties owned, see reports V. 71,
r>. 1011, 1020, and V. 73, p. 1060.
V. 74, p. 1095; V 75, p. 621. As to
Northern Ky. of Costa Rica, see V. 71, p. 1067; V. 75, p. 851. Dividends. October. 1899, to April, 1901, 10 p. o. per annum; July, 1901,
to July, 1903, 6 p. o. yearly (Q.-J.), and ln Oct, 1902, 1 p. c. extra.
Bonds.— Debentures for $3,000 000 were Issued in 1901 and$l,000,000 in June, 1902; they are convertible in' o stock at the option
of the holder after Jan. 1, 1903, and are subject to call in whole or in
part after Jan. 1, 1903. V. 7a. p. 2 10, 296, 486; V. 75, \>. 803.
As to
$1,000,000 bonda of Elder & Fyffes Shipping Co., sec V. 77, p 41.
Report. -Fiscal year now ends Sept 30. Third report for 1 3 months
ending Sept. 30, 1902, with balance sheet and rem arms, compared with
12 mos. ending Aug. 31 ln earlier years, In V 75, p. 1199. 1207
Net
Earnings Other
Altscel.
Ointtend
Balance,
Fifal Earnings. Sub. Cos. Income. Charges, on Stock.
Surplus
Ytar
$
$
$
$
$
$
1901-2.2,215,936 net 230,581
260.69 >< '>fl) 1,05 1.408 1,134,410
1900 1 1,804,027 def 52,05168,161221,580 (9)1,0841767
1H.790
Andrew \V. Preston, I'rcHt.; Vice .'rest. Minor C.Keith; Treae'r,
OharleaA. Babbard; Beo'y, Bradley w. Palmer; Asat, Treas. James F.
Dire, tors Oct.. 1901, V. 73, p. 791. (ieu'l offices, 131 State
Til. ien
St., Boston, Mass.— (V. 76, p. 387; V. 77. p. 41.)
(The) I n 1.<| iinn Improvement Co.— Organized 1882 in Pennsylvania; reorganized in 18»C>. Charter is perpetual and buslnessls
,tlng of gas works.
In 9(>0 operated in
the building, lea-n.
V. 70, p. 1000, 944.
over30 leading citi.
In 1900
Increased Mock from 615,000,000 to 832,600,000. V.70, p. 87. 592,914.
Owns control of the Connecticut Ky. A Lighting Co., a consolidation
in 1900; also of United Lighting A Beating Co.
V. 70, p. 044; V 71
In April, 1000, obtained
p. 609, 1273; V. 72. p. 079. V. 71. p. 4 iO
praotlcal control or the gas and clectrlc-light business adjaoenl to
7">.
New Vork City except Long Island. V. 70. p. 850; V. 71 p
In Mar., 1902, consolidated the Harrlsburg, Pa., GaS Co., and In May,
190.', the street railway, gas and electric properties In Providence and
M
.
M
_
77 68
7777 777
;
(
:
1
1
1
Vicinity.
V. 74. p
1090. 1140.
lie stook DOldi
Stock.
from 688,250,000 to 686,736 000.
l:<:>^,
I
V. 76, p. 75':, 1253.
'.'(-3. to increase the stock
Stockholders word offered the right
orlbe 10 the new .--took at par. payable 8 15 per -ha re on June 15,
1903 (or optlonallv all at once), |10 on Aug. I, *10 on Oct. 1, $10 on
V. 7tt, p. 334, 103*.
1, 1908, and $5 On Jan. 1, 1904.
1
'
1
.
—
July,
1903.
MISCELLANEOUS STOOK8 AND BONDS
J
INTKR
MIHCKLI.ANEOU8.
Dat« Amount
of
Par
,,„,".' z2\ Ba
For explanation of column headings, Ac, see notes on
Bonds Value. uut " l,ilullu "
Hrst page of tables.
<
.
-
I'rcf.
Mt. Vernon woodberrj
do
do
Prel -to,
U. 8. Envelop*
Mtock, 6
lsi
m
p- IT
0€Ol
BOO
'OOO
.
U. 8. R'al'
S
/
.
"K"
>V
to
'motion
Con
DlVLDUDS Mnce 1889,8
•
.1.
J
S.
.v
r.
g.
Oonfl TruM 00
B
II
3%
N
.1
A
A.
V
Pro
Boston, 01.
dO
16, 02.
1.
1941)
.Ian. 1.
Halt
.
pd. lug.
c.
|.
•.
1
•
Sep)
S
Mar.
.
1,
Aug.
•
1.
1911
do
N. Y., Offloe,
49 Bway.
;.ald.
<-i
-J
M.
A
J.
.v
g.
15 In '02
4
July 1,03,
1
N. N. Y.,ParkBk.; 1.
.1. B
.< Mike, 55 Cedar Bl.
I
do
do
Various
Various
g.
4
g.
do
do
14
1917-1918
191*
July 1,03,
2
—
,
i.rnsg
talis
tor-
1,063 099
itrpttti.
«
1,3 1..
1
is
119,495
Balanoe
def.*418.109
$62,606
$3,007,887
$3,226,514
dihectohs. -Samuel P. Oolt, 11 K OooTerse, immm B fbrd. I. Howard
Kr.d k M Sbupard.
.1. D. Vermaule. ll-nry U llotcnklss, LsstSt l.clun
.iier
K.
Mull 01. K'nincls l.Tiide
s. Convene. CostellO C.
I
8.
SteUon. rrnncls L. Hme. Kohr»im I.. Corning,
t;
('resident,
Samuel P. Oolt; Vlos Pres., Cons
slaad,
N. V. Ottice, m Murray Street.
DUSl Norri-; Treas., James H. For
US, tOV, 1 1
Stalest Mi Ipbu lldl 11- Co.—Ohoanizatiow.- IncorporI tilled
ated In New Jersey on June 17, 1902, and acquired entire capital
stocks of the following shipbuilding concerns, rree from all Hens:
Union iron \v..rks. s.ui Prsnetseoi ii\.i. IfindtassOa of Bath,ltSLi Bath
Iron Works. Bath. Me; Crescent Shipyard and the Sam u«l 1.
... KM/.nbethport. N.
Eastern Sbipbuildtas Co., New London. Com
uiiiiKswurih Co.. wilnnnKion. Dsl.; Csnda Mfg. Oo., Carcsret, N J.
The Bethlehem Steel Co. was also pun
ling the company
to build battleships complete with armament, armor and all equipment. V. 74, p. 1313; V. 75. p. 317. See that oomp n.y.si r. Oct.. 1902.
On July 1, 1903. James Smith Jr. was appointed receiver. V. 77. p.
41. see also V. 76, p. 130.1, 1369, 1412: V. 77, p. 150.
Contracts on
hand April 1, 1903, * 14.675. 19
A committor., Roland K. Oonklln, 133 Broadway, Chairman, will
present an opposition plan. V.77,p. 160.
Ri:>»uo ini/.ation Pi. vs.— The plan, in V. 76. p. 1197. Is-ued In Mays
19<'3, by the committee (Geo. R Sheldon, chairman. City Ti
of N. T^ depositary), prOTides for the formation of a new couipaur,
whi.diwilit.e aotborued to Issue $15,000,000 common and $
''i-ciiiiiulativc preferred stock (preferred also as to assets) and
$12.00O.(K)O ilr«t mortgage 5 p o. 30-year told bonds. The new bonds
will be seonred by a first mortgage upon all of the properties of the
iia my, including the plant or capital stock of the Methlehem
Steel Co., subject to underh nik.- mortgagee or the Bethlehem Iron and
Bethlehem Steel compai
page) , with sinking fond
'.000 per annum, begi iihuk' rive years after
such bonds.
I.
I
I.
!•.
1
1
.1
1
.;
1
-
I
1
&
tialancc,
iC.
<
I
United States Rubber.-Oeganization and Pboperti.— Or-
'
Ki
dtlil',
$
$
1,179,490 252,460
Ford,
.
ganized under laws of New Jersey In April, 1892, for the manufacture of rubber boots and shoes, etc. Application to X. Y. Stock Exoh.
interest
I
:
5666
a
1%
In 1893 ao
d the
Total surplus Mar. 31, 1903, $1,384 1
•
Includes interest on loans. s7s.">,i4:i; Int. on B. R. Shoe debentures,
$240,000; Int. allowed customers. |10 1.:; 16.
The earlier reports show for the company Itself
19'0
Year And. Mar. j'
1902.
1901.
1899.
(,ro- income
$58,380
$265,622
$3,233,773
$3,416,381
Rent, exp'ses, etc.
476.489
203,016
225,886
189,867
56, p.
V. 61, p. 114; V. 71, p. 557, 817. Output, sole leather.
Stock.— Wording of pref. certificate Is In editorial In May 1, '93,Sdpp.
syndicate headed by IlalU-arten & Co. furnished #11.
cash Statement to N. Y. Stock Exchange, V. 75. p. 1200.
Dividends.— On pref.. Jan., 1903. to July. 1903. lnci.. l*a p. 0. miar.
Officeks. -President. B radish Johnson; Vlce-Pre.-.detns, B. P. Mo
Oonnrtll, Albert Flake and Robert E Howling; Treasurer, B.
Fellows. Secretary, K. G. Babbage. Office. 137 Broadway. Executive
Committee: Jsmes Stillman, Chairman: Charles M. Schwab, Harr.'S.
Black, Albert Flake, R. E. Dowling. H. Morcenthau. Hugh J. Grant.—
(V. 75, p. 1200, 1308; V. 76, p. 51,927; V. 77, p. 93.1
United States Reduction
Keflnlng Co.—See page 170.
All
mriont.
$
1
p. 23;
of George A. Fuller Co. (see V. 7*. p. 10-7.; and the dew York
Realty Corporation (see V. 73, p. 1359); also the real estate interests
of the Central Realt v B >nd
Tru-t Co., but not the Alliance Realty
OUUt
proJtU
1902-3.... M.Kss, "57 2.531.681 24J.717
l'.ioi 2 ...45,917,537
474,469 70S, 1 26
United States Flour milling.—See Standard Milling Co.
United states Leather.— Inoorp. Feb 25, 1893, In N. J.— V.
-
O/'trattua
-
?'i<cal
704
Construction Co.— Organization.
p. 54s.
1
'
Incorporated lu New Jersey on Aug 4, li<02, aud took over per plan
V. 75. p. 247, 294, IH8, 736, all real estate, contract- and other property
539; V. 71,
00 2^02 02
T C. Carpenter and K H. ThonUM.
Okfickks.— Pres.,Oeor»;e B. Hav< •-; Lit Vice President, Geo J. Long;
2d Vloe-Pres A. F Callanan: Sec. and Treas., B. F. Hauirhton. Oftice,
80B'way, N. Y.— (V. 74, p. 1859; V. 75, p. 21: V. 76. p. 1406, 14i2.)
1
tilled Stale* Cotton Duck Corporation.— See page 170.
United Statect Envelope.—See page 170.
United slates i-'.x |.nm.- A n " association " organized under the
lews of New York Stale In 1854; not incorporated. Operated Dec.,
In
1900, on about 30,000 miles of railroad In the United States.
1887 the stock was Increased #3,000,000, to S10.0O0.00O. and the
Baltimore .v Ohio Kxp. was purchased. Metropolitan Exp. V. 72, p 92.
Dtvn.KM.s. )'90. '91. '92. '93. '94. '95. '96 to '00. '01. '02. 1903.
Since '90, p. c. \ 4
2
2
4
2
3 yearly. 3^
4 May. 2
i
p.
1
,
Dividknds. 1895. 1896. '97. '98. '99. '00. '01. '02.
1903.
Preferred, p.o.
6
1
4
4%
Incl Jly.,4 1*
Overdue on preferred: May 1, 1893, to July. 1903, 38 i« p. 0.
Bonds.— dlnklnir fund 4 p. o. of Issue yearly, the debentures to be purchased or drawn at 1 10. Debentures for #9.653,000 have beei
fled by the trustee, but on Deo. 31, 1902, only $V-"<o.«'0 outstanding
and $1,400.00' in the treasury; of the latter about $400,000 retired
by sinking fund and oanoeled Aug. 1. 1902. V. 74, p. 782, See adv. In
Chronici.k of May 6, 1898, and application V. 57, p. 88.
Plan.— The plan in V. 76. p 1196, proposed bv the preferred stockholders' committee (Ceo. Poster Peebody, Chairman; Moron Trust
Co depositary,) in Buy, 1903. provides for the holding of th<s preferred shares In a voting trust, with a view to distributing a part Ht
least of the surplus (estimated it over 30 p. c. of the preferred stock)
on account of the accrued di\ lends thereon, amounting July
to 38^)6 p C, and to enable the compan» hereafter to issue bon s
for acquisition of property or for other capital purposes. The available
surplus is represented largely by the #10.000,000 first mortgs
15 year sinking fund gol 1 bon Is and itook of the Central P
vanla Lumber Co. (authorized amount ^JO.OOO.O'JO). V. 76. p. 1253.
The voting trusi ^agreetneol to terminate on m iv 20, 1913. or
mi reed to a oe »
sooner if the preferred
oompany. but the owners of a majority may by written requ
initiate it at any tune
The voting power Is to be held by he tru-t
company, the latter to be guided by the pro'erred stockholders' committee as constituted from time to "time.
ANNfJAi. Kki'okt.— Fiscal year ends Dec. 31. Report for 190
In V. 76. p. 47!), with balance sheet, showing prottt and loss surplus
of $6.4S6,320 on Deo 31,1902. In 1901 surplus was $5,460, B8l
profits for 1902. as derived from the balanoe sheet, were $4,7'
against 84,656.947 in 1901
DrnciU President. K. C. Hoyt, New York City, N. Y.; Seo'y. Joslah
T. Tubby, Brooklyn. N. Y.J Treasurer, James K I'lum. N. S
N. Y. Office. 26 Ferry Street— (V. 76, p. 1196, 1253; V. 77, p. 41, 150.)
United States Mortgage Sc Trust Co.—See page 170.
1039; see V. 56,
In
quired live additional concerns.
stock of the Boston Bhoe Oo see V. 67, p 81
»1, 738,
mi.:, ;»05.
Owns three-fourths of the rubber boot and shoe
output of the U. H. V. 74, p. 733. Companies out-lde "trust" June,
1900, see V. 68, p. 574. 675,726: v. 71, p. 37. 1317; V. 72, p.
73, p. 1318; V. 74. p. 100. In l-f.i;> sold rubber tire business to Rub1- bug. Oo
-v 60, p, 1106.
herG
stock.— Preferred stock has preference as to assets and earnings
and no bonded or mortgage debt oan be created without oonwriting of holders of tliree fourths of each class of stock. Common is
entitled to all surplus after eight per oent on preferred. See wording
of pref. oertltloato in editorial of May, 1893. Sii-plkment.
Divs.p. ct.
1893. '94. '95. '96. '97. '98. '99.
1900.
1901.
Common
)
None
2
—8 p. 0. yearly-- U6
Prefe rred
8
8
8
Jan., 1
J
In 1897 paid on preferred in Jan., 4%; July, 2%.
H
ITm.im; N'.i -. The funding notes of 1902 are sooured by deposit
..f notes of tue subsidiary
companies aggregating $12,
,000, and
were Issued to discharge the enure floating debt, Including that of the
subsidiary companies, ruder the trust instrument the net <iutok assets of all the companies, exeludlng real and fixed properties, shall
never be less than $15,000,000; in addition tue \alue of the 16 plants,
all unencumbered, was estimated at $12,500,000.
V. 7 1, p, 684, 733.
KKI'OKT- Report for year ending Mar. 31, 1903. In V. 76, p. 1 141.
Ori; vm/:vTION. Incorporated In New Jersey on Mar. 13. 1899. V. 68, p.
430. For list or properties tee prospectus iti v. 68, p. 233; v.
69, p. 757; V. 71, p. 11-1. Dividend on preferred, l\ per oent
Deo., 1899, to June 1, 1900. Inclusive, 1 3j p e. quarterly (7 per cent per
annum); since 10 Sept., 1903, iucl 1 p c. quaitclv. Com. end pref.
stocks authorized, $15,000,000 each; Outstanding. $12,500,000 each.
homis- Underlying bonds, Amerlosa Pipe A Foundry Co., $1,194.
900 6s (Int. J A: J.) V. 70. p. 87; V. 74, p. 1359.
BBPORT. Report for year ending May 31. 1903, with balanoe sheet,
7.76, p. 1408, showed: Total net lncomeover Int. and Improvements,
1,228,724. agst. $711,184 In 1901-02; re-ervc for worklug capital.
$546,718; dlv. on prer. (4 p. 0.). $500,000; bad., SOT., §182,006.
Dikm'Toks. — Samuel Thomas, Geo. B. Hayes, Colgate Hoyt, A. C.
Overholt, B f, Overhoit, C. K. Burke, E. C. Fuller, Anthony N. Bradv,
George J. Long. A. P.OaJlanna, P. J. Ooodneart, David ones, w.
—
1%
Office,
1900
in 1892, V. 55, p.
p. c.
14
9 Murray St. NY. Apr :io,'00,
do
do
Jan. 31. '01.
lnl9O0
9 in
)
A
•
July 15 '03,1 >«
.
6 In 1902
—
United Shoo Machinery Co.—Seepage 170.
lulled State* Caul Iron IMpeA F«»u udry Co
Oo.
do
u;, 000,000..
1
Ac
15,
fr..;
tj
4 1nl
per annum, payable quarterly, in
Jan., 1896, paid extra dividend of 15 p. c. In convertible scrip.
RBFOB1 for 1902, 111 7.76, p. 1029, showed profits of President, Thomas Dolan; secretary and Treas., Lewis Llllle, broad
* Arch St-., Plilla. Directors, V. 76, p. 1038.— (V. 77, p. 150
United States Realty
Check
14
1911
1.
text
1
••K" g. t red. after 10 yi
"N" g., red. after 5 years. o*
<
757; V. 57,
<i
ij
— J.
Sept.
July
Philadelphia, Ottlce.
1905 tj.— J.
5
|.er cent, cum., 930,000,000
Preferred Itook,
United Mates Reduction .r Eeftning Go. -See text.
oiniuoii $'25,000,000 authorized)
Untied StaU 1 Ruoot r
Preferred ($25,000,000 authorized) 8 p. o. non-oum
p.
-
J'ly 15. '01,
oitu-e.
Old OoL Tr. Co.
do
.lo
2^ln'0J.I. A
5 In 1902 M. &
'O.0O0
••<•"
Boston. Oo.'S
g.
g.. r.-d
United Stolen Mor
1st mort. trust
beads.
73,
5
S
,
Del..
-V.
IMKMIJ T
"
1902
5 K-
5 R
.... o*
k. 7 p. <., cum
#4,000,000
after 190s at 104. «. f.
> curly, red. .it 101, beg. 1907
United 8talt - Express Mock
United State* Leather -Common Mtock, fll-l.OOO.OOO < «•..
Preferred Block, oumulittlve, 8 p. 0.. $64.OO0.0O<>
Deb. $10,000,000, g., a, f., 4 p. c. sob. to call at 11" < >•
1st Mort.,
pal, When l>ue.
I.HUt
l.iv
.•idend.
b.
Whom,
i.
I
t lying bond
U. S. (lotion Dart:
and
.Vhere payable
>•
rporat Ion In Htukkt Ram
United Elertric Oo. of Sate Ie.r»ey— See Public
*100 #12,575.500 7 In
United FruHr-8took, 920.000,000
94,000
Debon.,$5,ooo,oi>o.g..oil.conv red. at 1 lOaft J
l.OOO
No.Ry.oit
LetM ,g.red.l05.*.f.Alnt.gu oil.50
United Gas Impro
sin
United Shoe Machine,-,, Common stock $12,
25
Preferred stock,
per cut. cumulative, 112,500,000
See
100
,7 p. c ,11011 cum.
U. 8. Cult Iron /'i/n d I'li'tn
,
u\:i
1
1
PSM
Term* of Exehange,
A'aeA$l.000 of—
MS
4
.
Auettt. ^elrbond^. Oom nock, ff.itotk.
$1.2 00
x *150
First mort. sinking fund bonds.. None
None
y 1,000
Common stock (*2^.00O.0O0) ...None
None
100
N me
Preferred stook (830,000,000)
400
None
x Also cash for Aug 1903. coupon, y Also oash for Juy, 1903. coup.
Vi.risr, Tki"st — A voting trust will lie In force for -n en years, un
less sooner terminated as authorised by vote of
ustees.
The voting trustees are to be: Char
leldon,
Max Pam. Charles W. Wetmore and James 11 Reed, of Pittsburg.
I \KMN0S.-The estimated re-nlr- for the year ending May 1, 1904,
are: Bethlehphlidnitlding plants. $750,
col.
& mort. bon.;
.
,
I
I;
000; total n.
dehem
steel Co.. $517,550; int. on new bonds,
dlv. on ne\
"00; bal.. sur
\
*1.2&0.000.
ears
- will Include >.'50,000 per annum
>n for slnklngfund.
OtHcial statement showing properties, etc. V. 76, p. 493.
Bonds.—The 1st mortgage bonds .$16,000,000 series A, of which
$1,500,000 In the treas
:irst lien on the plants
named above (except the Bethlehem Steel C0.1 The "collateral and
tru-t mortgage" Is secured b
'KW.OOO stock and
$10,000,000 Bethlehem Steel Co bon Is and by a second mortgage lien
,
;
1
INVESTORS'
164
SUPPLEMENT.
rvo». LXXVII.
Moiuts— .Princi-
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
Date Size, or
Par
of
For explanation of column headings, Ac, see note on
nivSSJHin* Rate P61 WbeTi (Where Payable, and by
Payable
Whom.
Bonds Value.
first page of tables.
"
Rubber— <Con. )-OH.
U. 8
fd.
1902
189S
gold notes, red. par..TIo.o
Boston Rubber S hoe Co., gold, bonds
U. 8. Shipbuilding Co.— Com. stock, $25,000,000 auth
Pref. stk (also as to assets), >>"> nor.-cuiu., $20,000,000
<'
1st M., $16,000,000, g., Ser A, red llOaiivJulv .Tie
Collat. and trust M., $10.(00,000, g., red. text If. c'.tr
Beth. Steel parch, mon. M. for Beth. Iron, g GP.c'.vr.
Belli. Iron, l^t mort.. assumed by Beth. Steel Co.FP.o*
Uniltd Stun* Sleel Corporation- Com. stk.. *550,OOO,000
100
100
.
Union RR 1st mortgage
Johnson Co.of Pa.lst M.,red.$l 00,000 Sep l.y'ly.l's. o
Amer. Steamship 1st M g., gti., i>. .t 1. end., s. f IS c*r
Pittsburg Steamship mortgage, sink, fuud., red par
Carnegie Co. col. tr. M., $ or i.s f.red at 105 af.'05. Uao'
,
,
.
1
1
H. C. FrlekCo.M.. s. f.. red. 105, $100,000 yearly July 1
do puroh. money M .$ir>0,0©0 yearly Jan. 1
do
Pittsburg Bessemer A Lake Erie RR. and Duluth Missa be"&N
all the remaining properties of the shipbuilding company. The
latter Issue has the right to vo'e pari passu with the stook. V 75,
p. 347, 398. 565; V. 76. p. 494.
DlliECTOiis.- Lewis Nixon. Max Pain. Henry T. Scr.tt. Raymond Newmann.
Jo«epriK fclivuib. Joseph Huhiio Livingston. Adolf* Borne. B. M. Mcllvain,
BllWOOd C. Kilts. John M. Bonner. I li. Bailey, Leslie I). Ward. Frederick K.
1. Arcbibitlfl Johnson, Ch«rle» W. Inker Marshall R. Ward
.
On
icers.- President and General Manager, real-nod; Treasurer. Alfred C. Gary; Secretary, Cyrus 0. Wells; Executive Committee, Henry T. So< tr, of San Francisco (Chairman), Max Para, E. M. Mcllvain and lewis Nixon. Office, 43 Cedar St N. Y.-(V. 77, p. 150.)
,
United siatex Steel Co. of Everet*, iTIaas.— See Scfflkmknt
03, and V. 77, p. 41.
of April,
Halted States steel corporation.— Organization.- Incorporated in New Jersey on Feb. 25, 1901, and acquired per plan In V. 72,
p. 441, 679 (see also V. 73. p. 349), practically all the stookof—
li
lotal (fork,
»4fl.484.800
Federal Steel.com
do
p. o. pref... 53.260.100
40.000.000
National Tube, com
"
7 p. c. pref.. 40,000,' 00
Total stock.
i
Amer. Tin Plate.com
do.
7
$2* .000,000
p.c pref. lH.325.eO"
Hoop, com
)9.0n0,C00
14.000,000
24,600.000
7 p. c. pref. V4.600.0i o
do.
29.4 5.040
30.527.W0 L. Snp'orCon. I. Minos
H.175.000
7 p.c'pref. .. 30.627.8Oi) Shelby Steel Tube, com
do.
6.000,000
do
7 p. c. pf.
<lo
50,000,0001
Amer. St. & Wire, ccm
20.000.CPO
Union Steel Co
do.
7 p.e.pref. 40.OO0.C00
$156,800.000
Carnegie
Compare V. 76, p 709; V. 72, p. 483; V. 74, p. 273. 434, 991, 1042.
Natlonal8teel.com
7 i>. c.
do
Amer. Bridge, com
S*,000,00"
pref... 27,000.000
I
Amer.
•
St.
7o.C pref..
do.
I
Amer. Sheet
St.,
com
I
.
'
'
1
Owned— The properties owned,
exolusive of those acquired through the Union Steel Co. and Troy Steel Products Co., are:
M blunt furnaces. 14'open-taearth and 16 Bessemer steel plants, 6 steel rail
Propektiks
5 g.
J.
5g.
6g.
F.
A
A
A.
5 g
5
5
g.
g.
bar, billeWetc. mills In 31 plants: 11 structural shape mills, in 3 plants;
mills.'
13 plate mills, In6 plants; 1» plants, comprising 30* puddling furnaces; 64 merchant mills, producing bar Iron, steel, etc.. In 19 plants; *' plains comprising
446 hot n ills, rn duclng tin plate, etc.: 27 rod mills. In is plants: 'U wire nlants,
K4<wtided and Beam lessl tube plants, ii7 bridge and structural plants, 22 complete foundries, besides numerous miscellaneous armor, axle. etc.. gh.
it.
on iiiinesln the Lake Superior region, about. r.O.oi Oa. res of coking
and IT, toe beehive ceke ovens, etc.. In Westmoreland and Fayette counties.
Pa.: S67 hi product coke ovens at Benwooo, W. Va., and Sharon and South
Sharon, l'a.. 30,875 acres of steam and gas coal lands, etc., railroads, lake vesi
J. Jan.. '03. lut. last paid.
N. Y.
Q.— F.
A A
F.
5
1902
In
In 1902
—
on
...
A. EliotN.Bk.,Bos. A Prov.
5
2,872,000
5
6,900,000
7.852.000
5 g5
6,732,000
1.000.000
6
2,000,000
5
i.6'66
1,208,000
6
1,000
4,889,000
5g2, 4 37,000
5
1,000 Ac
213.000
5
1,<00
5 g.
1.600,000
300,000
5 A 6
o. Ry
See those eo mpanles
1894
1900
1901
1900
(
A
1,000
1803 500 Ac.
1.000
1891
1887 1,000 AC
1,000
1896
1890
Morton Trust
F.
Mch. 15. 1905
Aug. 1, 1908
20,00f>,000
>
Bonus of Companies Controlled—
c*
debentures, (no longer convertible)
c"
Non-convertible debentures. A A B
o"
Elg. Jol. & E. 1st M. ($10,000,000) g.. «'c
c<tr
Duluth A Iron Range, 1st mortgage :np
2d mortgage, currency, red. at 105, $5,000,000. Ce.o*
IS v. Y.,
g.
5
Due.
St'ocks-Umt
Dividend.
25,000,0
14,500.000
1902
1,000
1902 1,000 Ac 10.000,(
7,' 00,000
1,000
1901
1,000
1,351,000
1886
100 50«,495. '-'co
100
See text.
Preferred stock, 7 per cent cumulative, $r>50,000,000
l.OOOAo )
r, ii
*- ir $304,000,000 5 red.at 115,s.f.(text) I MT.tr 1901
301059000
Collat. tT.M., sic\a aao nnn ] m)t red 8 f rteitt.. 0»*r 1901 1,000 Ac
See text.
Coll. tr. 2d M., $2~0,000.000, g., s. f., red. text, L's.Cfcr 1903 500 Ac.
Illinois Steel
M.AG
$5,000 $11,000,000
1 ,ooo
4.800.000
pal, When
Sec
A
Tr. Co.
Phila. Fidelity Trust,
1932
1922
1998
1907
30, 03,1%
July 1
Aug. 1
Aug.
Feb
1
— M. N. Y. Off. Empire Bldg. S'pt.
.-F.
do
do
Aug. 15, '03,1 \
fc
Various NY.. J. P. Morgan A Co. Apr. 1 1951
do
do
do
Apr. 1 1951
M. A N
do
do
Apr. 1, 1869
A J.
A O.
A N.
A O
A J.
A 8.
A 8.
A If.
& J
A O.
A J.
1910
1913
1941
A.
do
1937
do
Oct.
1916
J.
do
do
Jan.
M.
Sept. 1. 1946
M.
To 1914
N. Y., U. 8. Trust Co.
M.
Nov. 1, 1920
J.
Jan. 1, 1915
A.
N.Y.,U.S.Tr.Co.,or Lon. Apr. 1, 2000
July 1, 1919
J.
To Jaa., 1905
under RlRs.— For other bonds, s ee text
J.
A.
M.
do
do
Jan.
N.Y..O0., Empire Bldg. Apr.
May
do
do
1,
1,
1,
1,
1.
The stockholders were given two option to May 16, viz.: (1) To ex
change, pro rata, at par not exceeding $200,000,000 preferred stock
for the new bonds, and (2) to subscribe In cash, pro rata, at par for
$50,000,000 bonds. An imderwri ing syndicate obligated Itself to
take at lea-t $80,000,000 bond* not taken by stockholders in exchange
for pref. stock and $20,000,000 for cash, receiving a cash commission
of 4 per cent on all bonds Issued. If the stockholders have exchanged
about *50,00O, 000 pref. stock for bonds, as commonly reported, the
conversion will r*sult in retiring .fir-'O.ooo.OOO preferred stock and Issuing $150,0O0,0j0 bonds, while the company will receive $14,000,000 (net) cash. See V. 76. p. 1147, 1200.
The collateral trust second mortgage 5s of 1903 to be Issued as above
(V. 74, p. 584, 733. 892; V. 76, p. 545.) wJl be next In rank and similar in form to the 5s of 1901. They will be subject to call after ten
years from date at 110 and interest in whole or part (if the latter to
be designated by lot and coupon bonds to be redeemed first). An annual sinking fund of $1,010 000 will provide for retirement <>r the
bonds. No foreclosure proceedings oan be brought for default [inpayment of principal or interest conttnuing];far less than two rears
Amer. 8S. bonds, V. 74. p. 1146; Pittsburg S S. bonds, v. 75, p. 1305.
History of the principal properties, as given In Chronicle, may be
ascertained through Index on page 166 of Inv. Scp. for April, 1902.
Bonds of companies controlled not mentioned In table above:
Mautritv
Vn trest. Oulxitnuimg.
Nat.SJeel Ms. ($250,000 are 5s)
$1,696,000 To Dec. 1912
5 A 6
Am. Tin. Plate mortgages
75,000 Mar. 1, 1906
5 A 6 Var.
Allet h. Furnace mortgage
5 F. A A.
Aug. 1,1911
78,000
Amer. sheet Steel.— Dewees > - ,-,
j. xr
May 1, 1818
D *2,000,000
Wood 1st mortgage
J
No. Lake S S., due $10,000)
5 M. A S.
60,000
Sep.'03 '08
yearly
\
Host. Coke 1st mortgage
Feb. 1, 1942
5 F. A A.
500,000
Host. Coke mortgage, due >
5 F. & A.
Aug. 1,1909
75,000
$12, 500 yearly
(
Contin. Coke purch. mon. M., J
Feb.'04-'ie
5 F. A A.
800,000
due $100,000 yearly...
.__ „,
Contin. Cohe purch. mon. M, ) .
Apr.'04-'19
592,000
<**• Apr "»
due $37,000 yearly
Latest Evkmnos.- For 6 mcs. ending June ?0, 1903 (June partlv
estimated), not. *61,56H,235, against $64,377,515 in 1902; lnt sinking fund, depreciation, etc.. $16,505,299; div. on pref. (3 1 * p.c). $17,859,839; dlv. on com. (2 p. o), $10,166,050; bal.. sur.. $17,037,047.
Report.- Report for year ending Deo. 31, 1902. In V. 76, p. 808
Trnr ended
w
.
'
,
The output of the company In 1902 (see V. 76, p. 808) is shown below.
The pig iron produced was about 45 p. o. of that of the count ty; Bessemer steel ingots and steel rails, about 70 p. c each; open-hearth
Steel
,
52
p. 0.
Output.
Gross tons.
16,063,179
Inn ore
Pig iron, spiegel, etc... 7,975.530
b,759,210
Bessemer steel
2.984.708
Open-hearth steel
Coke, manufactured... 9,521,567
Coal mined (not used
709,367
In making coke)
Finimihi Pkoocctb—
Bessemer steel rails... 1,920,786
Fin.
Prod.— (Cone/.)
Finished
Gross ton*.
structural
work
481,029
Plates and sheets
1,433,117
Wire and wire products 1,132,139
Bl'ms.slahs. billets, etc.
782,637
All other finished prodnets
2,466,524
Total of all finished
products
8,197,232
In June, 1901, a majority of the capital stock of the Shelby Tube Co.
was purchased on terms V. 73, p 349; V. 72, p. 1285; V. 73, p. 86. Coke
propei ties, V. 7(5, p. H15. In Jan., 1902, 50,000 acres of coal lands
were leased on a royalty basis by constituent companies from the Pocahontas Coal A Coke Co.; on thofe will be erected at least 3,000
modern coke ovens, with a capacity of at least 1,500,000 tons of coke.
Alliance with Allls-Chalmors Co., V. 74, p. 271;
V. 74. p. 52, 274.
also American Steel Foundries Co., International Eflokel Co. and
United states Kealtv iind Construction. See statements of those companies in this Buff. Estimate of value of propertv, v. 75, p. 139.
On Jan. 1, 1903. took over the entire capital stock of the new Union
its f 45,000,000 of. new f. per cent bonds being guaranteed,
n
princl' al and interest. Sec thai company or a preceding page. v.
::r!>; v\76.p. 107,646.
In July, 1908, one-half of the {8,500,
acquired. Seethat
000 CI airton Steel Oo capital atook was reported
con puny under Crucible Steel Co. if. 77, p. 150.
8tock.-as to retirement of $200,000,000 of $510,314,100 pref.
Stock, see ItoNlis below. Large stockholders May. 1802, V. 75, p. 81.
Subscriptions by employes in Jan., 1808. V. 70, p. 51, 334.
Dividends- On pref., 1% p. o., quarterly, paid Aug. 1901, to Aug.,
1903. incl. On coin., p. c, quarterly, Sept., 1801, to Sept., 1903, lncl.
BONOS.— The collateral trust S percent bondl of 1801 were •
and B)
by all the securities owned; 8154,000.000 only (series A,
are subject to call In whole or part at 1 15 per cent after Apr. 1. 1911;
a sinking fund of $8,040,000 yearly, beginning June 1, 1902, oan
purchase bonds If obtainable at not exceeding 11"' and Interest, ami
\ptil 1, 1811, ma.\ be applied to the redemption of series A. C
ol t<> be drawn by lot.
promulgated a plan (see V. 74, p. 788, B83, 881* 1858
in 1902
V. 7r\ p.545.) for issuing S25O.OOO.0O0 5 per cent seooi d mi
collateral trust bond- for the retirement of 8200,000,000 pref. nook
UtlonaJ capital for the corporation and
follows: For the pin
its subsidiary companies, to be u-eil
harmonizing and In some oases modernising the plants, +05000,000;
roi additions made during the preoedlns
00,0< <>. ud
ipertJea acquired
rebate money obllgal
The plan
shortly after organization dn 1901), 81 0,000,000.
oel redaction of $1,500,000 yearly in the charges
ahead of Hie com mon stork and with the expenditure of 836,1 00.000 on
nerty to pirmltan increase of 2..00.000 tons yearly to "all
iirodiicts" (Including thone consiiineil by the COmpant itself) and an
Increase li earnings from the Increased output of $7
d from
eduction in ooai or iinnliict lon of 85,000,000— total,.f 12,000,000 year•
.
m
1
I
wm
H
:
.
i
Dre. 31, IP 02.
Mar. 31, 1902
Gross sales and earnings
$560,510,479
Repair8,etc, and fixed charges of subsidiary companies
426,901.715
Net earnings
Deduct—
Sink, funds on bonds of subsid. cos
do on U S. Co. bonds
do
$133,308,764
$111,503,054
624.064 >
3,010,0005
.
3,059.913
Depreo'n & exting. f'ds (reg. prov'n).
4,834,7 in (
13,417 461
replace t funds (reg. prov'n)..
9,31
Exti'y.
10,000. ono
10 000
Spec fund for deprec'n and imp'ts.
1 :. 00,000
15,187,8'
Interest on U. S. Steel Co. bonds
Dividend on preferred stock
(7°„) 35,720,178
(7%) S
common stock
do
20,308,771
(4%) 80,388,680 (4'
Dlv. on outstand'g stocks of sub. cos.
25,350
)
Balance, undivided earnings
$34,253,657
Directors.- The directors are as follows:
7o
Morgan,
P.
.1.
Tn Frh.. l'.iOtl.
Francis 11. Psabody,
Charles Steele,
William 11. M
I'.mii.
Feb.,
John
Rockefeller,
I).
llenrr
II.
It.
.
M Schwab,
Norman
Klin il Hi. irv
(Jeorire VV. Perkins.
Kdinunil
('.
James G
i
Pel.
us.
r
James
Converse
Ream,
n.
A.
Wldcner.
15.
II. llee.i.
t\ Krick,
$21,307,727
To Feb.. 1905.
Marshall Field.
Daniel O. Raid,
n. Rockefeller Jr..
Alfred Clifford,
Robert Bacon,
Mat lianlel Thayer,
loan K. Drvilen.
.1.
William Kdenbom.
President, Charles m. Schwab;
Corer: Fir^i Vloe I'm-... Jamas <;.ivl.v.
Comptroller, William J. Kllbert.
('lenient A. GliSOOm.
Aaatatanl to rresident, w. k'
i.as.. Richard Trlrabl*.
Sec'y ami
I
KlVAVCK CiiMMITTKF- (Jco. W. I'erklnf. Chalmaa: llenrv H. ltogerman II. Beam, P. A. It. Wldcner. Henry
Prick and Robert Macon.
Hiiro, 71 B'way, N. Y..— (V. 76. p. 1418; V. 77. p. 11,8 7,150.)
(
Virginia-Carolina
<
liemleal Co.— organization.— lnoorpor
ated on Bent. 18, 18!>.">, and lias aequlred most of the successful uuinnfactorles or commercial fertilizers Irom Halt, to Atlanta and Savannah.
V. 68, p 481: V. 88, p. 888, 884; adv. InOHHOR. Mar. 4, 'i);); V.72,p.444.
See application showing properties owned, etc.. V. 72, p. 1186; V. 72,
p. inn. L285; V. 7:i. p, i:<7, 840: 7.74. i> 848, 1085; v 75. p. 81, 140,
..-So. Cotton Oil OO., 88,881,300 Ol whose #1 1.000.000 stock Is
owned, operates the cotton oil properties See V. 78, p. -10, 137, 1365.
stock. The stockholders voted on July 17, 1801, to authorise an inthe common stock from $12,000,000 to $38,000,000, the m-w
stock to be Issued for cotton olL etc, properties. reoentlv purchased,
and from time to time a> required: outstanding Apr., 1963, $27,984,\
78, p. 88, i:i7; V. 7.\ p.
i
i
i
•
•
i
ly, v. 7<;, p.
54.-..
v.
7t;. p. :i34.
;
Divicivi s-(I'.c)..
Con.
n
Preferred, 8
j
.•
p.o.
.
N
1896.
Dec..
1
1807 to Mar., 1809, inrL
ulv.
Since,
mqr.
In fullto.Iuly, 1903, Inclusive (paid Q.-J. 15).
Coi.LATr.iiAi. Trust Bona.- The bonds are secured by the $9,881.300 Southern Cotton Oil stock owned and 82,808,800 of $2,219,200
stook of tho Charleston Mining A Manilla, t'g Co. The proof ed» were
used to restore over $3,300,000 rash taken from working capital on
—
1
JWLT,
a
O
.
MISCELLANEOUS STOCKS AND BONDS.
1903.J
Ml.SOKI.I.ANEOUS.
Date
For explanation uf column headings, Ac, see note on
first page of tables.
Ffrjri»ua-fJarM/i»4<i flhemieal— stock, oom
,m.. $12,0
Pref. (also as to asset
Klnir fund, see text
Col. tr. M., g., r<
Size,
of
o,M-V»T..«in» Rttt «' I"
Value.
100
1,000
Oe
Virginia Iron Ooui it Ookt -Underlying bonds i«wi texti
Va. Iron Coul a
'l.i
Va. & Houthw. By., 1-d M., $2,000,000, gold, gu
Wells, Fargo <* ('„. stock
Ho
1899
5
.
I
c
>it
Collateral trust gola bonds
est. In 1903
Western Transit Oo. -Bonds, gu. by N V.
Western Union Ttl tgTttpM stock
Collateral Trust bonds. .Me
Fuud'g and i.iil eatat« umrt., $20, Ooo. <><><>, gold. F. car
WestinghouMc Air lirulce— Stock. $11,000,000
Wt iimghouse Elec. <l Mfg.— Assent, stock (V. 71, p. 1274)
e remarks).
pref. (94,000,000) Btook, 7 p
Debenture oertitioatea, $3,500,000. gold (see text). Me
(
'.
100
1
...
15.2 50.000
1«9^
i
i-« <
(to
be
l.ooo
11.000,000 2
1st
M
,
105.
•Mount of recent acquisitions and to provide about
ine for the properties acquired. They are subject to
om any Interest da]
ginning 1904, at
t«xr.
1,00
post
(or
and
!02><j
V. 76,
1908. tn
Interest.
rem ending June
ir»,
'
p.
1
1
I
(
c
I
page 170.
et ern Ti lepboac A: Tchxraph Co.—Owns 77 per cent
of the Cleveland Telephone Co., 82 per cent of the Northwestern Telephone Exchange Co. and HA per cent of the Southwestern
graph & Telephone Co., also oontroiinK interest In the Michigan TeL Co.,
81 per cent of tin Wisconsin Telephone Co. and all the $1,200.
stock of the Postal Telegraph Cable Co. of Texas. These comp
operate' in Ohio, Minnesota. North and South Dakota, Texas. Arkan
Michigan and Wisconsin, under licensee trom Am. Hell Co., wnlchowns
the balance of the itook Of the three Hist named
Organization— Incorporated in N J. on Jan. 22. 1903, Hinl pnroha
per plan In V. 73, p. la.-s;), and V. 74 p. 42, all the assets of the Erie
Telegraph A Telephone Oo. V. 7 1. p. 871, bankrupt but not toi
The Aiuer. (Hell) Telephone A- Teleg. Co. owns control V. 76, p. 51
Dividends.— Dlv. on pref. Am;.. L908, to Aiu- 1903, 4% yrly.
a i).
Bonds.— All the old bonoaexeepl $164,000 wen retired. The
bonds are secured bj stuck and bonds owned. Sec list, \'. 74, p. 893.
Outstanding bondsof proprletftry companies
Mich. Teiorii. 1st its, dae 1017, nb6.ooo; do thirty-year eonaoL eoM
Jan. 1, Ulsft. Old Colon] Trusl Co., Boston, trustee. M.71j,000; Detroit Telephsne (Buthorl/ed is»uo tl.isiO.OO' 1st •J.Vycur u'ulii fls. iiu>
f
000, raar. prtn. and Interest, by Mich. Tel. Co.. Central Trnsl Co. vv..
1
I
-
i
I
(
'
I
ol
the several Issues Included
I
6
1
1
Year ending June 30.
Revenues for the year
1901-02.
.
1899-00.
1900-01.
-
$
$
$
98,078,098 26,364,151 2 1.758,570
r,>A.2on
20.780.7tH 19.668.903
M
8,20ti
Dividends paid
Interest on bonds
Surplus
4.868,04^
992.5KO
95*1. 160
896.306
2,261,024 1,431,717
Bbl.OaO
391,277
Miles of Miles of No. of
Year. PolesACbl's. Wire. Offices. Messages.
Profits.
Receipts.
1866-67... 46,270
—,9J> $2,624,919
85,291 2,565
1892 93... 189,936
769.201 21,078 66.591. H5S 24.978.443 7.496.037
1900 01 ..193,589 972,766 3 1,238 65,657,049 2d.3-4.iM) «;, .185.248
1901-02. .196.115 1,029.984 23,567 69,371.883 28,073,095 7, 292. 329
Office, 195 Broadway, New York City.— (Y. 76, p. 1253, 1305, 1412.)
WcHtlii^hoiiMc Air llmki'.- OKiiAM^inos. i:m\— A Pennsylvania corporation. V. 67, p. 8 13, 1065.
Stock formerly $\,000,000 (par $50) was Increased to $11,000,000 in July, 1898$5,000,000 being distributed among stockholders a< a 100 per cent
stock dividend (V. 67, p. 128; see also V. 66, p. 955; V. 67. p. 1044).
Up to 1898 dividends of 20 per cent per annum hail been paid for some
years. In 1899. Jan., 5 p. c; Apr., 5 p. c; July, 5 p. c; Oct., 10 p.o..
In 1900, 7 ^ p.c. each, quarterly (Q.-J.) lncl. 5 extra; since to July,
p. c. quarterly, incl. 3^ extra. As to litigation with N. Y. Air
BrakeOO.,see V. 69. p. 181, »12; v. 70 p 686; v. 73, p. 1365; V. 75,
1359. Report for year ending July 31, 19i»2, was in V 78, P 1201,
p.
showing: Gross, $8,559,503; cost of operation and other expenses,
$5,630,807; net prollts. $2,928,696; dlv.
14.468; bal., sur.,
1,0 77,700
p.
803.
1201.
1359.1
TIa mi Ih«
til rl
n^ Co.—OROANIZA-
«
providing for debentures.
V. t!7, p. 1112.
I>ivii>KND8.-'-On pref. Feb., 1S92, to Apr., 1903. lncl., 7
"- p. c. out of earnings from Apr. 1 to Mav 1
15 to .1 ir. 1, 190 i; dividends 01
after to be pail at the same time. V.76.P.108
1
in July, 1»03,
ib.,
1900,
1
ndson
•
1
1
'
p.
0.
par an; Aug.. 1901. to Mav. 1903, lnol .7 p. o. (1* p. c. ii -Ft; on July
'>.
p. 0. out of earnings from May 15 to July 1.
fobs.- Fiscal year ends Maroh 11 Sales It 1902-3, $23,
11 ling
sub.0s9.
s diary coiui>ames (ipproxln
ries Francis
Dikkctoks.— Brayton
N. Bra ly, N. W. Bum;. A
Ph. Ferd KobW
stead, Fra k H. Taylor, H. H W
Westinghouse. PreslHyde, Brayton [Tea, Geo. C. 8
H Taylor, Ph.
irles
Ferd, Kobli- and I.. A Osbon
BOO, 136 u)
A. Terry. N. Y. office is at 120 Broadway.WestlnghoiiMe Mnihliic Co.—See page 170.
m
(
stock-
No bonds.
-M
MAN No bonds.
Q—J
MAN Mav 1.1905
None.
JAJ
Q — J No bonds.
MAN May, 1911
JAJ
JAJ Jan.. 1904,
.
;
below as outstanding: Franklin Tel.. $632,1)00; Gold & Stock Tel.
$1,443,800; Int. Ocean Tel., $23,100; IU. & Mississippi Tel., $100,350;
Paoitlo & At. Tel., $1,458,125; Southern & At.. $390
MA-s Sept. 1, 1901
cj
and preferential as to principal. See
wording of preferred oerttfloate in editorial of 11
As to the debenture certitlcates of 1898 see V. 67, p. 324, 691.
Sinking fund of $150,000 yearly from 1900 to pay off debentures at
- to be placed on property without
105, to be drawn by lot
i
company owned the following
6
4
2»t
I
,
;
Q— M Nob
1
—
$33,849. Office, 125 Milk St., Boston, Mass.—
Wenterii TraiiMlt «'o.—Owns piers, etc, In Buffalo. N
14 steamers and also barges used on the Qreal
Central owns Its $1,000,000 capital stock— (V. 76, p 216.)
WcMtcrii Onion Teleirrapli.— Orirani/.ed under the laws
York State on April 2, 1851, and present name adopted In 1856.
Stock —Tn 1892 increased stock from §86,200,000 to $100,000,000, of
whloh $8,620,148 was thenpald as scrip dlv. to represent surplusearnUiks expended on the property and $2,630,000 still unlsDtviOF.NDs.—
'93 to July.'03.1ncL
>'87. '88. '89. '90. '91.
'92.
Since '86, p. c. {
2
5
5 5h
5 15(10so.)
J.)
Bonds.—On June 30, 1902, the following stocks (par value) were
pledged for the collateral trust bonds: Gold & Stock Telcgrai
111,800 Internat. Ocean Tel., $1,961,500 N. Y. Mutual Tel., $2
700; and bonds. Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4<teol D-ooare secured upon real
estate in New Fori ami blcago and pro\ Ide for the $»;.* 00,000 of 6s
and 7s due iu 1900 and 1902, construction, etc. In the event of a
mortgage being plaoed upon any part of the system, they will he
a prior lieu thereunder. V. 70, p. 384, 1203; V. 71, p.750; V. 74, p. 785.
Leased Companies.— Under leasee the company aside from other
rentals pays iuterest and dl\ddends as below. On June 30. 1902. the
muture.
Period.
•
.
but.,
%
5
4
corporation manufacturing appllanoefor electric lighting and power purposes. Statement to N. Y. Stock
K\cbange wasln V. 54, p. 763. The oompany owns exclusive rights
In
to the Tesla patents on alternating current*.— V. 61, p.25, 158.
March, 1896, an agreement was made with the General Electric Co.
for pooling patents. 8ee V. 62, p. 502. 635, 1040; V. 68. p. 1024.
In 8m»t ., 1898, pnrohased substantially entire
'00k and all
0,000 of the $2,500,000 20-yr bondsof Walker o
British Co., V. 69, p. 232,802; V. 73, p. 1114: V.7..P 1 ill V 76 p. 1089
Cuiru. STOCK, Kt<\— Stock authorized Is $25,000,000, Increased
15.000,000 in Feb, 1901, 83,000,000 of the new (took being.
nold to Btookholde
V 72. p 681
n
re
ting stock was offered to sto khi
per 450 share, of whloh #30 payable June 8. »25 on July
on Bept. 11, 1903, or option illy all atonoe, the proceeds to
the
for
extensions and work"
outstandi ig amount to
T. V 7d. p. 1099. The first
took carries cumulative dividends of 7 per
num. with rlirht to participate equally with other stock after the same
fund hecm .in- r> J. ji.i^nxX) Postal Telegraph!
30-year sold .'is. due Inn I, 1088, tnu.iiilv of Interest and sinking fim
aient t.i retire l)>n.ls a! in Ourtt y sasained i> paroftase Mar IB 1001
As to default on Michigan Telephone bonds, see V. 75, p. 33,2
V.76, p. 48 j. 923; on Detroit Teleph. i>ds. v. 75, i>. 993, «>l <. 983, 1034
Rktokt Report for year ending Jan. 81, 1903. with balance sheet,
In V. 76, p. 652, showed: total Inoomi $1,304,210; net revenue above
$8t},47'.) aepreclatloc, 8673,849; dlv. on pref. (4 p.o.) $640,000; bal.,
1
Bonds
lnl.ordir.
Amount.
1
ell4,300 6
fl.957.000 Ok'.
($5O).My7,1980
2,500.000 6
1st mort. lilt cuar ...
l.lsO.OOO 7
Pao. A Atl. stock <$2."i>. 99 years
J a .1 No bonds.
k54 1,875 4
Son. dt AtL stock ($25) .999 years
A AO No bonds.
b558.400 5
Also owns directly Or through collateral trust, vir.: a $632,900;
15,600; C$100,350; d #1.984. 60<»:
OO; f$3, 013,000;
k#1.45-.i-j .. ii $390,475;
$4 ».<»00.
UOn U 1:1 PO» —Report for 1901-02 was In V. 75. i>. 792 Advance
Itfttement for 1902-03 (partly estimated) was in V. 76, p. 1305.
228.— (V.75,
•liikliik'
1
»19
1
May,
WeallnghouMe Klectrlc A
1
1
dn
stk.
noN.— A Pennsylvania
1
)
do
Julylo.
1914
iMttsi).
N.
expires.
itr.
Remainder
I
Wcicm QuO«,( Milwaukee).— (V. 74, p. 482; V. 76, p. 658.)
.
\h
.V
Oper.exp'B,rent..t'xe8.Ac.
page 170.
W
M
nd.TltdiTr.Oe.
1916
I.
.
i»
a-
1902-03.
I
(
.1
h Co. — s
1918
1
(
\V.-«.ti-lii-»Ier 1.1". Iillll^.— s. c
.
JulylO
<lo
dO
N V Merc. Tru
n. v Central it. Oo.
Miituul C11. Tel ,]
:
<
1950
L80 h-whj
Hoiids $500. not mort.
.000 4»«
nilnols A Miss. Tel
perpetual. cl,*30.145 4
fntern.Ocean Tel. stock. Jan., 1981 dl,015,400 6
Sorthw. Tel.
ceived for Sept., MKi:!, coupons was paid on Mav 1,1903 OfthclM
5s, 92, 178,000 have been oanoeled, the $8 29.000 unissued being h-dd to
retire prior lieu bonds, \ >/
$585,000 'arlcr 'oal tVr Iron 5s, due )ct. 1
1988, subject to call at 105, $100,000 Va. A Tenn. Coal cV- Iron 6ft, due
Mar 1, 1904. and $69,000 nuns Creek Coal .t iron bonds. President,
Henry K. IfoHarg, N. Y. Oftloe, Bristol, Tenn. -(V. 77, p. 146.)
Wells Farjo A <'o. (K« pros*).— incorporated under the laws
of Colorado February 5, 1806.
On January 1, 1903, operated «n
38.808 miles of railroad. 1,898 miles of »tatre and 5,552 miles of
Dividends of s per cent yearly
steamer routes; total, 45,758 miles.
were paid for many years, but the semi annual dlvid
1 paid In July,
1894, was reduced to 3 p. c; 1895, to Jan., 1903, 6 p. o. yearlv(3 J.AJ).
and In Jan., 1902, 2 p. c. extra; in July. 1902, and Jan. and
1903, each 1 p. 0. extra, rhairman of Executive Committee, E. H liar
rtman. Directors Oct.. 1902. V. 75. p. 621, 803. — (V. 75, p. 621. 803.)
:
July 15,
Jan l. 1938
N.Y.MutTeLstook($25)Feb.,1982
Meadows itinl Seed Island, va.;
and Johnson
City, Tenn., and Mlddleeborough, Ky.; Radford Pipe Works, itadford.
Vs.; Orescent Horseshoe Works, Max Meadows, va.; Bteel works at
Bflddleeborough, Ky., and certain foundry ami machine works. Also
owns about 132,000 acres of coal hinds, and owns and controls about
109,000 acres Iron ore ami timber lands, together with hall of the
•2,000,000 capital stook of the Virginia & Southwestern By., imuan,
va.. eoal mines to Mountain City, Tenn., etc., 134 mil.-. V. 68, p. 675;
V. 69, p. 388. See application to list, V.76, p, 273.
Stock authorized. $10,000,000, all common outstanding. $8,6-11,600;
Readjusted per plan. V. 75, i» 34s, a\*h, 73<i. The scrip repar$10O.
\» i-IhIhu
Q..-J.
v. T.. Office,
1932 $14,000,000
1904
100,000
1100,000
Empire* Bay State, st'k
1989
300.000
rranklln Tel. stock
1975
a267,100
old .V Stock Tel. stock.Jan.,1981 b2,444.400
77, p. 145.
:
1923
.
do
York
Lease
140, ($87, 1102.
v
\ug l.-oa^s
k St.
5 ..'.Hi,
\m. TaL 4k Cable stock.
Ch. A Northw. Tel. stk.
1st mort., Int. enar
;
.
1902
l
Company,
whole
l'.»50
,
Pittsburg
mm
$3,C00,ooi>
call as a
showed net
;,:!!<>; Int. on bonds, $209,40
dlv. on pref. 1- p 0.),
earn
$900. Ooo, dlv. "ii com. (."> p. 0.), $1,399,220; bal sur., $27,696.
Officers. President, s. T. Morgan: Beoretery. B. i>. en- nsbaw;
B VV.'lra\ei-, Richmond, Va. — (V. V. 76,p. 1038,1305.1
Virginia Iron Coal 6c Coke <'<>.— Oik; km/, vtion.— Own- far
naces at Roanoke, Pulaski. Buena Vista, Radford, Qraham, Max
ki
Q.-J.
N
W--J.
5
2003
1,
ir. Co., B
irandCeul -
1903
8ee
..
105 or for sinking fund $500,000 annually, be-
it
Y
I
Jan
•:.
i
lot at
|
v.n-i
July 15/03,4%
Jane i. 1980
U
•'
•">
due $50,000 y'ly.beg.'O?
gu.,
1
I
Mob
...
I
rroiu Jan. I, <>j
Office. 63 B'way.
rro\
>v ir. Oo
Colonial Tr.
.
do
".
by
Debt
Westlngh FMulry,
V
1.
oo.OOO
g.
850,000
See (est.
Bee text
50
one kind-.
all
i-i*ii
">
g.
in 'o_'
7 in
7 In
>
l
\
4>«
50
1,000
MacMnt
,i
5
1,0004m
50
1.
.
Hk of Manual
N v
J. [nt'sl
a-
a
>,ooo
l.ooo
88 A
Wai
tgage, subject to call in
-
J
lti.ouo.ooo
16,000.0 10 4 In 1902
'.B g.
3>«
00,000
97, .11
5 In 1902
Dividend.
Julie
York
•
i)
t
Wesiinghoute
ie.
81nl0O3J.
to.ooo
Wh
Whom.
Richmond. Vu
do
de
M
M a
a
g.
n
l.ooo
.When Dae.
Where Parable, and
'*"
Payable
5g- A
T.oo
100 Ac
1900
1,000
100
LOO
l.OOO
1902
1884
1,000
!
See text, y
Bin 1903 v
12,00*
1O0
"
r
19(H)
Weltbarti OO. Ooll. tTUHl mort.. BO
"HJ, B. f
n). gold Col
Weslche*<er Lighting 1st M
Weit. Telephone it I 'Ironi/,/,
Oom -tock. $ >.
Pref. stock, 116,000,000, 8 p. <•., cum. after J rear*
l'rlnol
IN I'KKK.M' <>K DIVIDI
01
1'ar.
16.?
I
1
INVESTORS'
166
Albemarle A Chen. Canal.— Owns canal between Chesapeake
Bay and Albemarle Sound, 14 miles. Stock Is $558,200 ($100 shares).
Dividends in 1893 96 each l»ap. o. yearly; In 1897. none; In Feb..
1898, Hap. c; none since. Bonds. $500.0<>0 1st M. Ts, due Jnlv, 1909.
In Jan.. 1903, $330,000 of the bonds had been deposited with tl;
Trust Co. under a plan to reduce the interest to 4 p. c. and take a 3 p. c.
cumulative debenture bond for the difference in Interest, but all
coupons were paid In full to Jan., 1902; later coupons, Incl. July,
1903, unpaid. S.c report, V. 74, p. 92; V. 72. p. 1035. In 1901-2, gross,
In 1900-1. gross, $51,905; net, $33,417. Pies.,
ij.-i
Elliott. Oilice. Norfolk. Va.— (V. 74, p. 92; V. 75, p. 795.)
American A Ik all. —See Sup. for July, 1902, and V. 76, p. 214. 1194.
American Cement.—A consolidation In 1899; Ineorp. in N". J.
Prospectus, V. 69, p. 1249. Stock, $2,000,000. Dividend* 1900 to
July, 1903. both Incl, 8 per cent yearly (2 extra). Poport for 1902.
V. 7<i, p. 590. Bonds, $895,000 1st mort. and coll. tr. gold 5s, due Oct.
Int. A. & O. at Oirard Trust Co.. Philadel1, 1914, s. f. $30,000 yearly
phia, trustee. Pres., Robt. W. Lesley; Treas.. Fred'k J. Jiggens, 24 8o.
15th St.. Phiia. Seaboard Cement Co., see Chronici.k of July 25, 1903.
—(V. 76, p. 5 90,655.)
American Coal.— Mines at Barton and Lonaconing, Md. Stock,
$1,500,000; par, $25. Dividends (M. A 8.) 1894, 6»a p. c; 1895. 7; '96.
8; '97, 8; '98, 9; '99, 10 p. c; 1900, 9 p. c; 1901, 10 p. c; 1902. 10 p.
c; 1903, Mar. 2, 5 p. o. Otttoe, No. 1 Broadway- (V. 72, p. 340.)
$39.47(i;
Warren O.
;
American District Telegraph.—flee Supplement of Jan.. 1893
Annual report for year ending Deo. 31, 1902, was In V. 76. p. 263,
showing gross, $610,042; net, $96,866; dividends (2 p. c), $76,886.
Dividends.— ) '93. '94. '95. '96. '97. '98. '99. 1900. '01. 1902. 1903.
2V» 2»«
May. 1
2
3
1
2 2 2»4
1
Peroent.
|
Offloe. 6Dev 8t..N. Y. City. Directors and officers, Apr., 1902. V.
p. 207, 885.- (V. 74. p. 2o3, 207, 885; V. 76, p. 214, 263.)
74,
American BratM Twine Co.— Organization.— Incorporated in
Delaware on June 8, 1899. Official statement showing properties
owned, V. 73 p. 1262; V 74. p. 96; V. 75. p. 31, 187. 1305. Stock.
^
Dividends paid
all outstanding; par of shares $100.
p. c; cot. l^p.o; 1903. Jan. 2. >4 p. o.
Apr.. 1902. 1*4 p. c; July,
lindt rljing bonds, $36,000. Wisoonsln Grass Twine 6s, due Jan. 1.
1907. President, Stewart H. Chisholm; Viee-Pres. and Tieas.. Henry
E. Howland; Secretary. Charles P. Howland. Office. 15 Broad Street,
New York.-(V. 75, p. 31, 187. 1304; V. 76, p 49
Steel IMaiiiifacturliijf.— In Aug., 1899, abAmerican Iron
sorbed properties at Reading and Lebanon, Pa. See list in statement of April 30,1900. V. 71, n. 180. In 1901 the North Reading
Works were sold. V. 74, p. 576. Stock, common, ¥17,000,000, $5
per share paid in; pref., 5 p. o. cum., $3,000,000, full paid; par of
shares, $50. Dividends on pref.. Jan., 1900, l^p.c; Apr., 1900, to July,
'03,l 14p.c.,Q.-J. On com., 1900, $1 pershare; 1901,55cts.; 1902. Jan.
29, 15 ots.; May 28, 15 cts. No bonds. Report for year "nding Dec. 31,
1902, in V. 76, p. 651. In 1901, profits over renewals, etc., $521,318.
dlv. on pref. (5 p. a), $150,000; div. on com. (55 cts. per share). $187,1
Office. Lebanon, Pa.— (V. 76, p. 651,655.)
000; bal., but., $184.31 8.
Traction Co.— Organization.— IncorAmerican Light
In New Jersey in April 1901, by Emerson McMillin and assoporated
ciates to brin^ under closer control their lighting and traction companies per terms in V. 72, p. 724. 871, 987; V. 73, p. 285, and V. 75, p.
343. All Of the stick of the Blnghamton (N. Y.) Gas Works is owned,
and at least 97 p. c. of the stook of each of the remaining properties
named| below, except the Jackeon (Mich.) Gas Co., of whioh latter a
$15,000 000.
m
SUPPLEMENT.
I
Vol. LXXYll.
890.475, par of shares, $5. Dividend on pref. July, 1899, to Tan.,
1903, inclusive, 5 p. c. per annum (2i« p.o. seml-an). First div. on
common, 30 cts. per share (or 10 per cent on amount paid in) paid out
of earnings of 1899-0; In 1900-01,35 ots. (10 p. c); In 1901-2. none.
Bonds - See application to li«t in full, V. 70, p. 179; also V. 7P, p. 267.
(n 1901 purchasedl control of Wool Exchange Co.. o\vning|lunldiug 26C
West B'way, subject to first mort. of *500.000. V. 73, p. 289, 393, 446.
Report. - Report for year ending Mar. 31, 1903, with balance sheet,
in Chronic i.k of July 25, showed: Gross profits. $1,1 47,2-1 5; depreciation, $300,000; bond Interest, $242,740; div. on pref. stook (5 p c ),
$244,524; div. on com. stock (4 p. o), $168,000; ha)., sur., $191,981.
President, T. C. Waterhouse, Sec. and Treas., Theo. M. Ives, 260 W.
Broadway, N.Y.- (V.73, p 289, i 93, 446; V. 75, p. 665; V.76, p. 267.)
Smith Car.— Incorporated
Barney
A-
Fear.
Aft.
In
1892
In
West Virginia.
Stock outstanding, common, $1 ,000,000; pref., 8 per cent, cumulative,
$2,500,000; par, $100. Bonds, $1,000,000. 1st 50-year gold 6s cj AJ.)
subjeot to call at 110 on or after July 1. 1902; Guaranty Trust Co.. N.
Y., trustee. Dive, on com. in '93, 5 p. c; on pref. 8 p. o. till Mar., '95;
dividends resumed Deo. 1, 1899, then 2 p. o. quar. to June, 1903, Incl.
Report.— Report for year ending Mar. 31, 1903, V. 76. p. 1298.
Had
Otti. inc.
debit. Interrml. Pre*, div.
Bal., sur,
1902-03. .$566,261
$60,000 $200,000 $302,511
$3,750
1901-02.. 399.993
....
26
tO.OOO 200,000
139,967
— (V. 74, p. 1198, 1250; V. 76, p. 1298 )
Bay Mate Gas Co.— Stook outstanding stated to be $235,650,000,
in $50 i-hares. Its equity (see Scpp. of July. 1902,) in certain Boston
gas companies was sold at foreclose e In 1902 and the stook s bought In
rcr the Massachusetts Oss Companies, per plan in V. 76, p. 104, id.
Pepper was endeavoring to prove the
In July, 1903, Receiver Geo.
sale fraudulent. As to olfer to stockholders by other parties In Jul v.
1903, see Chronicle of July 25, 1»03. See V. 76, p. 33\437. Mi,
974, 1145, 1194, 1357; V. 77, p. 39, 149.-(V. 76, p. 1357; V. 77, p. 39,
W
149.)
Brunswick (Ga.) Dock A Improvement Co.—Successor to
Brunswick Co.reorg. per plan in V. 65, p. 326; see also V. 66. p. 1034.
Stock, $5,000,000. President, Henry E. Howland, 35 Wall St: Bee,
Treas., G. A. Kraetzer Jr., 142 Pearl St., N. Y. V. 76. p. 812, 1357.
Canton Company.—See Supp. of Apr., 1897, and V. 75. p. 292.
&
Central Firework* Co.— Organization.— Incorporated in New
Jersey June. 1896. Properties controlled, see V. 72, p. 341. Stock
authorized $1,750,000 each of common and 7 p. c. cum. preferred;
outstanding oommon, $1,406,150; preferred, $1,267,200. No bonds.
Dividends on common: 2 p c. yearly paid Aug., 1900, to Feb., l! 03,
both Incl (F. it A.); on pref., 7 p o. yearly to Feb., 1903 (F A A.)
Checks are mat ea. President, Unas. G. Street; Sec and Treas., Geo.
T. Egbert. Office, 9 A: 11 Park Place, N. Y.- (V. 74, p. 939.)
Central Foundry.— Incorporated In New Jersey on July 11,
1899, and acquired manufactories of soli pipe said to control 95 per
cent of trade in the U. 8 V. 69, p. 178; V. 71, p. 1222 Stock,$7,000,000 each of com. aDd 7 p. o. cum. pref., of which $350,000 of each Is In
treasury; par of shares $100. Report for year ending Jui.e30, 1902,
was In V. 75. p. 340, showing: Profits, $378,055; boDd interest,
$231,780; equipment, depredation, etc., $89,158; bal., sur $57,117.
President. Alfred Fowle Jr.; Seo. and Treas., W. L. Rogers.— (V. 71,
p. 1222; V. 75, p. 292, 340.)
Central Union Telephone (Chicago).—This company controls
the Bell Telephone business in Indiana, In Ohio with the exception of
Cleveland ami Cincinnati, and in Illinois excepting Cook and foui other
counties. A majority of the stock is held by Amer. (Bell) Telephone A
Outstand'g
Tot. stock
Teleg. Co. Subscribers Jan. 1, 1903. 114,400. In Oct., 1901, the outistved.
botuts.
standing .stock was reduced one half, to $3,481,500, and the 'author|4.(M O.d
$0,000,000 V. 74, p. 482.
1,000.000
1,225,000 V. 64, p. 6«2.
ized amount Increased to $10,000,000; $3,481,500 of the new stock
400,000
460,(00)
See page being offered to stockholders at par, the prooeeds to be used for Improve1,000.000
752,0001 174 of INments; outstanding Apr., 1903. $3,587,100. V. 73, p. 901. See circu)
A
A
majoiity
is
owned.
Milwaukee lias Light Co
Grand Kaplds (Mich.) Gas Light Co
Matiist niWIs.) GasAEIectrlc Co
..eepb (Mo. GasCo
Paul Minn.) Gas Lt.Co
V. Kins Works
Consol.Gas C of New Jersey
jBCkson (Mich.) Gas
Southern (8an Antonio. Tex.)
Traction co
-i.
.1
8t.
1,600,000 x3,883.000 [ VE8TOR8'
450,000
628,000 J SlJPPLEM'T.
1,000.000
971,000 V. 75, p. 344.
260,000
810,060 V. 76. p. 650.
Pee St. It T.
laniinnn
i own rnn J
l.BO&.ooo
l.ww.cuo}
i
BlnvhsmtonOJ.
.
x8ee
also $7f 0.000 St. Croix
Light A)
SDp<
>
Power
Co. guaranteed bonds, V. 73,
p.
p
^
1014.
Stock.- Authorized, common, S15.000.000; pref.6 p.o. cum., $25,000,"
000, of which $9,396,200 pref. and $4,678,700 common outstandingFirst dividend on pref, Us p. c, paid Dec. 2,1901; 1902 to Aug.,
1603,6 p. o. yearly.
Earnings- Fcr 11 mos. ending May 31, 1903, net, $991,696; dividends, $473,255; bal., sur., $518,441. For year ending June 30, 1903,
net earns over 6p. c. dlvs on pref. were $537,869, a. aiiist*423,246in
1901-2. Pres., Emerson McMillin; Gen. Counsel and Sec. W. F. Douthlrt; Treas.. H. B. Wilson. Directors, V.73, p. 235. -(V. 77, p. 148.)
American Sewer Pipe Co.— Organization.— Incorporated in
New Jersey on Feb. 17. 1900. as American Clay Mfg. Co. as a consolidation of 27 vitrified drain-pipe plants said to control from 80 to 85
per cent of the industry, and name changed, Feb. 1,1901. For list,
etc, see V. 70, p. 482, 688, 874. The bonds are subject to call at 105
and Interest up to $100,000 yearly after Mar. 1, 1901. See official statement V. 70. p. 688. Stock, $8,000,000, as reduced March, 1903; outstanding, $7,805,700; par, $100.
Officlrs.— President, Ulysses D. Eddy, New York; Secretary;
Thomas D. Brown, New Brighton. Pa.; Treasurer, W. B. Goucher,
Pittsburg. Office, Pittsburg, Pa.-(V. 76, p. 160, 267, 437, 920.)
American soda
Foil ntaln.— Formedtn '91 in N.J.-V.66,p.382.
Stock outstanding: Common, $1,250,000; 1st prof., 6 per cent, cum.,
$1,250,000; 2nd pref., 8 per cent, cum., $1,250,000; par, $100.
Pl T lPJ D*.—OB preferred In full to Nov. ,1896, incl.; in 1897 to 1899
Inc., i one; Nov
1900, 9 D. o. on 1st pref.; Nov.. 1901, and Nov.. 1902,
6 p. o ea h on 1st pref., leaving accumulated dividends unpaid of 21
p. o. on 1st pref. and 48 p. o. on 2d pref. On com., none since 189G.
General Finances.— On Aug. 31, 1902, notes payable, $367,395.
A>m \i Khokt.- Keport for year ending Aug. 31, 1902. V. 75, p.
1200. showed profit. $108,5M), against $146,418 for 1901. Pros.,
James N. Notth. N. Y. olllee, 449 First Ave.— (V. 75,)). 1200.)
i«l i lew
American Steel F
Co.— Oroanization.— Incorporated In New Jersey on June 26, 1902, as a consolidation of
Aric-rxiwi Meal Cast Ids Co. (8m BtTPPLmniTof April, HOB), Rellanoa
eignton A Howard Steel Co. B St. Louis,
8t
Callings Co. of Pittsburg, Pa.
Casting Co. of Frankltr, Pa., Bergent o. or Cbia
I II., Fraic kiln Steel
American Si eel Foundry o. 01 Granite! II J, III.
For properties aeciiilred. rluhts of slock, etc, see V. 75, p. 1300. Of
,,000,000 common iiiid$l,.r>00.ttie $40,000,000 Stock (ball p
(MIO p referred are in remain li the treasury and lie IsiUed onlv for cash
or property of the act mil eath value at ar. V. 74, p. 1141, 1867. i>lv.
on pit!., Dec. 1,1902, to June. 1908, '• p. 0, niaiterly to. M
nireci prevloui to consolidaarnlnga of pn
ii ii mi
Net earning tor 2 mos.
tion \\er> ;ct (be tut of $1,841,800
ending Sept. 80, inu'j, inbjecl to depr< olatlon, eta, wen- (827,491.
hiPresident, .lofeph H Kehwa'i; -I \ Ice lic-ident, Daniel
Euan; 2d vice Prealdei i.< H. Howard; Treasurer and Secretary, F.
P
,
i
t
(
-
i
1
)
i
c
i
i
:i
i.
i
1
,
Dlreotora, V. 75. p 1801; v. 7«, p. 1145. Offloe, 74
Y.-(V.75.p. 1033, 111:'. 1205. 13lM>; 7. 76, p. 1145.)
ncoi porated In N. .1. Mareh 10,1898.
American Thread <'o
Stock, $6,000,000 common (98 50 per $5 l
(V. 67, p. 1158.)
entirely owned In the English Sewing Cotton
in, understood to be
Co.); $6,000,000 live pat cent turn. pref. (gold or JJi; istteison.
Hromlttiiv, N.
—
1
;
,
lar,
V. 72, p. 1190;
V
73, p. 618.
Of the $0,000,000 10-20-year gold consol. 5s due Jan. 1, 1919 (Old
Colony Trust Co. of Boston, trustee), $2,500,000 are reserved for 1st
6s subjeot to call at 105 after July 1, 1906 (111. Trust A Savings Bank,
See
trustee). V 73. p. 446; V. 68, p. 379, 472, 570; V. 71, p. 86.
also advertisement in Chronicle of Mar. 25, 1899. In Mar., 1902,
purchased New Harrison Telephone Co. of Toledo, O., assuming $100,000 bonds. V. 74, p. 682. Beport for 1902 In V. 76. p 1190, showed:
Gross earnings, $3,003,717; net, $661,728; Interest, $481,383; bal.,
sur $180,345. Pres., L. G. Richardson, oilice to .be at Indianapolis.
76, p. 268, 975, 1087, 1 190, 1194. 1251.)
Delaware Canal.—Owns canal from Delaware
Chesapeake
City to Chesapeake City, Md. In June, 1893, bondholders were asked
to accept 4 per cent interest (In place of 5 per cent) until contingent
fund, reduced to $49,613, should again amount to $100,000. Bonds,
$2,602,950 (extended in 188«); due July 1,1916; Int. J A J. Interest
For year ending May 31,
Is payable at the office In Philadelphia.
1903, gross receipts were $136,308; maintenance of canal, $47,310;
net, $88,998; Interest charges, $104,118; deticit, taken from contingent fund, $15,120. Stock, $1,903,238; par, $50. President, Joseph E.
Gillingham. Offloe, 528 Walnut St., Philadelphia.- (V. 77, p. 39.)
—(V.
A
Chlcaco I'm inn tic Tool Co.— Organization.— Incorporated
New Jersey on Deo. 28, 1901, and took over the Chicago Pneuii
In
Boyer Machine Co. of Detroit, Talte-Howard PneuEngland, Standard Pneumatic Tool of Aurora, 111., etc.
The properties acquired are supposed to control about 90 p. o. of the
output of pneumatic machinery in the United States. Owns entire
*300,000stoct Consol. Pneumatic Tool Co. of London; V. 76, p. 879.
Stock authorized, $7,500,000, all of one kind, outstanding $6,013,-
matioTool
Co.,
roatlo Tool Co..
600. Dividends 2 p o. quarterly, paid April, 1902, to Jan.. 1908, both
inclusive; In June, i»oy, IV p. c— the deferred April dividend; July,
V. 76. p. 868, 1 145. Bonds. $2,500,000 first 20-year gold 5s,
1 \ p. o.
($1,000 each) due Deo. 31, 1921; outstanding, $2,240,000, $60,000 Laving been redi em< d by the sinking fund; int. J. A- J., at Nat. City Hank,
Trust Co. ofN. Y, trustee. They are
N. Y. Central Realty Bond
1. 1908,
subject to call at 105 from Jan. 1, 1907, or beginning .la;
drawn by lot at the same price for a yearly sinking fund
thev may be
'
of $50,000. V. 71. p. 208.
Kkpoi t.— Report for year ending Dec. 31, 1902. with balance sheet,
was in V. 7(>. p 379. showing: Net profits, $897,059; Int. on bonds,
$115,000; sink. fund, ir 500,00; depreciation, etc.. written off $D'5,os«); dividends (8 percent) $453,264; bal.. sur.. $113 706.
DuntOfficers.— President, I. w. Dunticy; Vloe-Preeldent,
i:\ecutlve Commitley; Secret a r\ and Treasurer, .John it. Milliken.
J.
tee. J. W. Huntley. Joseph Ho\er. ('lias. Wacker. .1. A. Lynch,
Chalmers. Dlreotora. V. 74, p. '.»7, 777, 1310; V. 7C. p. «37. -iV. 75, p.
1149; V. 76, p. 888, 37»,4:i7, 868, 1145.)
&
i
W
.
W
©omprcNKod Air Co. of the Borough
<>l
~Wanliut tan.— See
105. 161. 86*, 1145, 1303, 1357, 14 m.
C«> liNc.l Wl.iletl Lake Superior Co.— < hai tered in ('ounce icut,
under special Act May 18, 1897. V. 7?, p. 988; \ 68,p 1075; v. 75.
ji.685. Owns directly or through its owner.- M p of tin- Ontario Lake
Superior Co.. all the capital stock of the following corporation
terlng about Sault Bte. Marie, Canada:
l.nkc Snperltu POWBI '•. Mmll -t e. Mai le Pulp 4 Papal Co., AJgOO
t*, p iw, tS8S,); AIeod
p. 874, w:>-. Ml, 1088, lo^. *
merclal Co.. I.lm., AlBoms Central & Hudson Bay I<ihIm:i>
Tagonu WhIoi a Light to. Ilrlti>>e. America
«'>, 1Ud2; v. ?-'. p. l-:t
North Shore Hy. Co., International Trail
n anltoulln ai.
Superior Power CO. and Trans- H. Murys Traction < t>. MortBi ri. tor
July, 1909; v.
7t;. p,
t
'
I,
i
I
liiiucaof 1>*'<.
sf V
7ti,
p. 754.
he plants Include: Hoesemcr steel works and rail mill with capacity
for producing about 500 tons of rails per day; two blast fiirna
i
1
Joly. 1908
,
MISCELLANEOUS STOCKS AND BONDS
I
about 4 00 tons dally oapaolty; by-product charooal plant of JO retorts
and 60 bee hlvokiiris: Helen Iron on mine; 106 miles ofrallroa
pleted and In operation; B ore, freight am: passenger -• unships,
nickel and eoppt r mini i and imeltera, rtrrn nlokel roasting plant, sulphurous aold works; machine shops, forge, Iron and brass font try, cartiulldlng shops, two saw mills of 160,000 feetdallj eapai
ground wood palp mill of dally oapaolty of loo tons;
mill;
sulphite pa p nun or 60 tons daily oapaolty, water work* ami eleotrle
light plant, two eleotrle itre<
two water-now.
€0,000 and 80,000 beret power. Una
T»i, p.
\
56, 1 110.
>•>; outstanding Apr.'
Stock. Stock authorised, common, 133,0
11(03, *7i.'»7o .I'd., pref, 7 p o, aoa-oui
outstanding'
$28,452. oo, most or the remainder of the i«me being subscribed for-
UH
See V. 76.
t
.
p. 50.
Divii>km>s. on on Bsfied In full
Deo., 1003, dhidcnd WSjfl il.-ferr. .1.
t->
Bf pt.,
V 7>,
p.
1909
ipuyable (Q.-M.); the
1858.
BOHUH.-Stockholdersof July CO, 1003. are offered right to Aug. LO
to subscribe at 60 for $12,500,000 thirty-year 4 p. o. collateral trust
bonds (part of ;in Issue of $15,000,000, of which the balance to lie
reserved for future use), to be secared by stocks and bonds of mpantea owned* rhe proceeds are to be used to pa] off the
$5,050,000 bankers' loans, complete construction under contract and
provide Deoessary working capital. See V. 76, p. 650, 754. V. 77, p. ;ii
149. To secure these loans various mortgages of subsidiary companies
were made. V. 70. p. 656, 754; Chronicle of July 25, 1903.
Report for the year ending June 30, 1902. was given at
length In V. 75 p. 682, showing: Net luootne. Including subsidiary
companies, $1,428,186; general expenses, $20,101: preferred stock
dividend. $1,115,408; bal.. sur. for year, 8292,629; adding subsidy received on aooonnl AJgoma Central* Hudson Bay Ry $380,424, and profit and loss balance brought forword, $123,755, leaves
total credit to protlt and loss June 30, 1902, 81 ,096,808
President, Cornelius Shields; vice-Pros., Edward S.Sanborn; Treas.,
A. II. Cliilty. New directors, Jan., 190 <. 7. 70, p. 50, 215. Olllce, Sault
Ste. Marie, Ontario— (V. 77, p. 80, 81, 149.
BaVOSX.
,
Consolidated Robber Tire Co.— Incorporated In N. J, In Apr.,
1899. See V. 71, p. s-ti- Stock, common, $4,000,000; pref. 8 p. &
cum., $1,149,500; all Issued. Par of shares, OlOOeach in June, 1901,
$3,000,000 debentures were autliorl/.ed In place of an
.mount
of preferred stoi k and 82,050,500 treasury stock was retired, per plan.
V. 72. p. 841. 891. They are entitled to 4 p. o. interest if earned; Bp e
paid Apr. 1. 1902, out of earnings of calendar year 19l»l; none paid
from earnings or 1902. Decision, V. 7 1. p. 1093, 1198
Dividends on preferred, sept., 1899, to Dae., 1900, Ha p. o.
quarterly (Q. M.l. Mast dlv. paid Dee. 1. 1900. Check- are mailed.
Report for year ending Deo. 81, 1902, was m v. 76, p 1028. -bowing
net loss of $62,585, offset by undivided profits i$s3,«'.»2) of Huckove
RubtterCo. President and (ien. Mgr., Van II. ('artinll: Sec. Frederlnk A. Seaman, olllce, Jersey city, N.J. (V. 70, p. 544, 1038, 1088.)
t *
1
i
•
-.
1
.
—
CiimOcrlitiwI
tucky
L888,
in
Telephone
Sc
Telegraph.— Organized
In
Ken-
and operates under perpetual and
ezoluslvi
(rem American Bell Telephone Oo. through the entire states of Klsslsslpiii and Louisiana, the greater parts of Tennessee and Kentucky,
and a few OOOntles In Indiana and Illinois- Am. (Mel ) Telep. ,v Tcleg.
Co. owns $0,176,600 of the stock. Subscribers May 81, of. B
The BtOOkholdl is in Jan.. l'.)0:i, Increased the authorized stock from
$10,000,000 to 820,000,000, to provide for extensions and improvements, 82.339,075 of the new stock being subscribed foral par by
stockholders, payable on Feb 2. July land Oct. 1, 11)03, and Jan. 2.
1904, making outstanding $11,695,375. V.76, p. 50.
From
p
1
o
Apr.. 1903. 3»s p. c Bee eport Feb., 1879
In Aug.. 1902, sale was arrant
serving for the bonds mineral rights in Mar',
- been paid
and $500,000 balam
amounts ra Jane 1. 1904, and June l, 1905, witl
This will leave OJDSOld about 150.00
acres of timber land-, and together with
r
sales there will be on hand ah
;
r
In
which
i
V.
.7.
|
ir.,
I
oomn
1903. a protective
Dominion ton
20 Broad
j,
ending Dec 31, pen, in v 75, p
-v "disbursement*
canceled, $85,813; int. on bonds,
$32,617; bal.. sur, $14,630. In 19<
bond Interest, $9,959. - (V. 76, p. 707, 751; V. 77. p
Report for yeej
over
.rplus
> —
Limited.—
showed:
182,
ncorptirated
in 1893.
lommon stock, $15,000,ooo; pref. stock and bonds, see
table p. 157. Loans and bills payable Mar.
posed new bounties July, 1003, v. 77. p, 1 1:1.
1,.The Dominion Iron a steel Co. leases the property from Mar. 1,
1902. to Api 11 1. 1992. for $1 600.000 yearly, payable quarterly In
ND.000 yearly;;
March, June, September and Deic, and a royalty of 7
gro-s ton In excess of $8,500 OOO per year. V. V4. j>.
v. 74.
r.
output 10 nios. oLdlug D. c 31, 1902, 2,836,321 tons; In 1901
I
4
,,
,
>.
|
1
1
470 tons.
Diva, on pref. paid
In full to July. 1903. lncl
l'.to-j. .Ian. 1908, 2 p.c
OOk 4 p. <•. Oct.
Lpr., 2]
Fiscal year now ends Dec. 81,
Karnlngs for 10 mos ending Dee 81, 1002, Wi
1
.
On
.)
.K
;
roni-
|
rental
reoeived under lease, $1,333,333; other tin on
on itook, $90O,0uO; lnt ai.d premium,
"i
|2< 0,000; d]
sur 16; general expense. $52,485; bal
nklng fund
requirement, flSOL^ss additional
Bee v. 71;. p. 11 10
Pres
lu.ss. Monti, a!.
(V. 75, p. 1305; V. 76, p. 7M, 1115.)
-
,
.
,
Itomlnloii Iron A steel Co.—
(
iK'.
\\z.<<\
under
the laws of Nova Scot ia on Jane 17,1899; '- building iron an
works at Sydney, Cape Hreton, to have, it 1- -aid. a .1, ill v rap.icltvof
1,000 tons of steel. In June, 1902, six of th tei
In operation. V. 74. p. 98; V. 70. p. 1051; V. 78,
pectus V. 72, p. 58J. A rail mill, loo tons ,i.,u oapsoltv, and three
other mills are expected to be oompleted 'lining I9u3. \
The plant will have 300 coke iVCnS. V 76,
The Dominion Coal Co. la lea-ed until April 1, 9H2, for $1 .000.000
yeurly and a ro\alty of 7 1 * oeuts per l toss tun In exoeat of 3.500,000
per year. V. 74, p. 832, 1254; V. 75, p. 500 a
Oas companies, see V. 78, p. 1257.
'
•
\
1
Stock —Common, $20,000,000, all lamed; $5.nO(i,oi.,i toing sold
May, 1902, at $co per -hate par $100. Bcvan per cent omnulatlve
preferred stock, ($5,000,000) subieol to call at $] [fj p'-r share or convertible Into oommnn st< <-k, at holder's option. V. 72, p. 778; 7.74,
Bouutv decision, 7. 75, p 14o2.
Dlv. on of., 3»s p.c, Oct 1. 1901; In 1902,7 p. 0.1 1
-Apr.,
3'-. p.c.
Mort. trustee, Nat'l Tr. Co. of Ontario, Montreal, Can. Bonds
ina\ tie purchased or called (drawn by lot) at lio and Inter.
sinking fund or In such amounts as may be desired on July 1 yearly.
V. 71. p. 1122.
Bonus.- In June. 1903. $1,500,000 2d mtge. serial bonds were
authorised, the security including the tease or the tommton 'oal Co.,
the entire loan, It is stated, beina underwritten by the director*, the
proceeds to he used to complete he mills under conV. TH,
!'.<
P. 12 11, 1357. 1410; V. 77. o.
Report for the year ending April "0, 1902, with balance -h.-.r was
in v. 75. p. 27.
Report for s mos.
Fiscal rear now ends Dee :;i
ending Dee. 31 1902, m V.7I!. p. 1 11". includii'for 10 mot., offset by rental under lease, showed net earnings 881; lnt and sink. fund. $410,985; pref. stork dividend, $2
sur., $309,612. President, James Ross. Montreal; \ 'lce-1're-ldent-.
QeOTge A. COX, Toronto. :Mid I. .1. Forget, Montreal. Directors, May,
1903, V. 74, p. 832; V. 76, p 1087.- (V. 77. p. UD.)
p 530.
<
1
1
Dividends.— From 1892
to 1897, both lncluslve.4 po; 1898,
1900,6; 1901 to July, 1903, 7 per an. (1% p. o. quar.)
6;
167
5;
1899,
1
.
Bonus. These consist of $880,000 first 5s (see table above); $239.000 20-year deb 5a (int. K.vA). duo Feb. 1. 1920, but redeemable at
jar, Issued for purchase of People's Telephone Co. of New Orleans;
$150,000 East Tennessee Telephone gold 6s (Int. JAJ), duo July 1,
1918, and $10,000 Ohio Valley Tel. gold 6s (lnt JAJ), due Jan. 1. 190S.
Earntnos.- Report for year 1902. in V. 76, p. 379. showed: Gross,
I3.070.le3. net above fixed charges. $782,105; dividends '7 p e.i.
023.20
1:
balance, surplus. $158,962.
p. 50, 101, 379.)
General
ottloes,
Denver Gas & Electric Co.—Organization.— Incorporated
In
i
6s. due April 1, 191«. $1 ,000,000
($1,000 oa to. all outstanding;, subject to call at par ..fter 5 rears, int.
A.&O.; Hankers' Trust o., M. Y., trustee. General mortgage gold 5s,
$8,000,000 authorized, of which $2,580,000 outstanding ($1,000 each)
dated May 1, 1903, due May I, 1949, but Buhjeel to cull on May 1.
1008. at par. May, 1909, at 101. May, 1910. at 102. .May, 191 1. al 103.
May, 1912, at 104, and May, 1913, or any intere t day thereafter, al
&N.; Trust Co. of America, trustee. Of the general .">*,
105; int.
$3,260,000 are reserved te retire underlying bonds (Including the
$1,000,000 new prior Hens).
Underlying bonds, viz.: $1,600,000 Denver Conaol. Oss 80 year Bold A*, due
Nov. 16, 1PU. Int. J.-J. at Atlantic Trust Co.. N. V.. subject to call at 105; *6.">.000 Denver Consol. gold deb. 6«. duo Oct. 1, Oil; $4> o,o o Denver ConsoL Klec.
1st gi>ld 08. dae Jitn. 1. 10io, subject to call after Jan. 1. UMk; Atbiiitlc Trust
Co. of New York as trustee. Int.
-J., at Chemical lisnk, N. V.; |170.'
em Blecineal Construction CompniiT 1st gold Ss, due October 4, 1815, Int.
(
M
.1
I
(».. at
Mass. Loan A Trust Co Of Itoston, subject to call at 108 at;
Chairman, Emerson MoMlllin, 40 Wall St., N. Y.— (V.76, p. 921.)
nlon Water.— A consolidation Oot., *94. Franchises
Owns tlie water supply of the city of Denv.
Capital stock Is $5,000,000 common and $2,500,000 of
run until 1910.
5p. o. non-cumulative preferred. Bonds $8,000,000. President, W.
Cneesman; Treasurer. D. H. Moffat.— (V. 72, p. 285.)
S.
Detroit City Gas.- Organized In March, 1898, and owns all the
fas properties In Detroit. Mich. Has a contract till 1923 with the city.
n Dec, 1901, a city ordinance was passed reducing the price of gas
to 70 cents per 1.000 cubic feet V. 73. p. 1266. In June, 1908, Detroit
City oas Interests put chased three quarters of the $100,000 Wyandotte Light & Fuel Co. stock. V. 76, p. 1303.
Stock. -Authorized. $5,000,000, $4,560,000 outstanding; par, $50.
Dividends, 2»* p. o. Nov, '99: 1900, 5 p. o; 1901, May, 2^j p. c. The
Nov., 1901, dividend was passed. V. ~3, p, 1063.
Bonds.— The new
prior Hen mortgage Is for $6,000,000, of which
$56 1,000 retained for future extensions and Improvements am
000 to retire the $365,000 Det. Gas 5s. not vet exchanged, and
$16,000 income 5s. Prior lien bonds are subject to call at 1 lo.
Earnings.- Net for oal. year, '01. $527.( 18. agst. $512,252. In '00
Officers.— President. Emerson McMillin. New York; Gen. Man., H
D. Walbrldge. Detroit, Mich.— (V. 73, p, 1254; V. 70, p. 1303.)
Detroit Mackinac A, ITIarqueftc KR. Land Grant.— Under
the reorganization of lie Det. Mack. * Marquette K. R for
Oct., 18^0. the holders of the land grsnt Income bonds retained their
lien on the lands a oegthe line of the road in Northern nftehig
The bonds are due Oct. 1. 1911. int. parable Apr. and
V. 70. p, 751.
Oot. as earned at not exceeding 7 p. c yearly; outstanding. 92,771,000.
t
11
nil
nail n« Co. of llonton. — OK<-
.
Stock.— Stockholders are ottered $^3,600 new stock pro ratast*
$200 per $loo share, payable Aug. 3. l'.)03. raiding amount outstanding
V.
19.100.
76,
1251.
p.
authorized to Issue $2,000,000
new
company was
In July, 1908, the
stock at $200 per
khan
for im
ot the stock,
Stated, to be Issued until eatly in 1004. V. 77, p. 14'.).
"
Di\ ii.rNi s.— ln Feb, 1901, 3 p. c. Including 1 p '.extra; Ma
1901 to Aug.. 1903 both Inclusive, 10 p c yearly (paid o, -F.)
BONDS.—Bond* are $293,000 Bi ston Eleotrle light 1st 6s (Int.
M.AS.) due Sept. 1 1908, atd $957,000 tlrst consol. gold 5s (authorized
.250,000) due Sept. 1. 1924.
KiiiiKT— Report for the year ending June 30. 1002 (Boston K.
Light Co. and Suburban Light A- Power Co. Included In both
was In 7. 75, p. 12. >1, showing:
l'c/r.
DiruV.lt. BaL.tnr.
Grots.
Xet. Other inc. tnterwi.
proveuu nts and acquisition of suburban propert
le«.
none
was
It
,
'
190 1-02... 12,460, 15 8 $949,731 $25,981 $182,26
1900-01... 2,307,359 917,730 13,948
105,130
774,155
>i
iters.— President. Charles L. LMgar; Treasurer. Henry
•
'
i
Office, 3
.
andvlolnity.
1 1
In 1881.
In 19(>3 controlled en I re eleotrle light
V. 75, p. 1251; V. 70. p. 1251, 1303
of city.
s
BoNns.-Prlor Hen 15-year gold
I
1
tion.- Incorporated
Apr.. L899, as a consolidation of the Denver Consolidated Os s and
Denver Consolidated Electric ( ompanles. Stock, $3,500,000. Reorganized in 1903 per plan, V. 76, p s _'.
Denver
Fdlnoii K'eetrle
Nashville,
Tenn.-(V. 76,
A.
.
Head
Place, Boston, Mass.
(V. 70. p. 1251;
V
B,
I
77. p. 149.)
Ivleetrlc Boat Co.— Organization.— Incorpotatcd in Ifew Jersey
on Feb. 25, 1899, and acquired all of the capital stock of the
Blectrlo Launch Co., the Holland Torpedo Boat Co. and the KlectroCo.. etc. V. 69, p. 697, Par, $100. Issued, common, $4,999.President. I I. Rice. 100
pref., $2,045,000. V. 69, p. 697.
Dynamlo
600;
Broadway.— (V. 70, p. 178,742,999; V. 71, p. 32, 1271
Klectrlc Co. of America.— Okoaniz vtimn— Incorjiorated
i
in Jan.,
(few Jersey, 7. 88, p. 85. in isoo-oo purchased control of
light plants in several cities, later sel lug some of them. See
list, V. 70, p 943
V. 74, p. 325; V. 73. p
$5.OOO.OOO, jiar $10 rbetns reduoed from $50 In June. 1902); of which $4,078.780 issued. <)n July 9
1902, the n malnlng $2 5* per share was
paid In. making the stock full paid, an extra dividend of $150 per
share being paid at the same time v 74, p
2.1310. The only
bonds are $84,000 Canton io Light, Heat A Power n 6s. $308,000
Auburn (N. Y.) gol.i
K),< 00 Horauton Illuminating. Heat
Power 5s, due M.r. 1, 1923. but sub ci t to call after 1913. V. 73. p.
238, 49*. 108$
Dividend-. 50 cents per share, e*ch paid Julv, 1899.to Jan. 21. 1901,
Inclusive iJ.-J); Julv 31. 1901,
25 eta.; July 15,
\tra dividend) $1 50 (so
Jan.
!,80eti
Status Apr.irOS. V. 70, p, 921. R< port for 1902
was in V. 70. p. 110". showing total nei
gainst
,$14«,500.
$480,186 lo 19ol; divide)
1899,
In
electric
;
1
i
.
(
i
A
-
Omi
lent. A. London Snowden; Vlce-Prest., John H.
Frank B.
Vici
H. T. liar'
I. an.1 Title Bldg., Phlia.-i V. 75,
Directors. V. 7 I. p H86 Offli
!iu
p. 293; V. 76. p. 161. 921. IO-'-. 1
r
Cathirwood: 2nd
,
Ball.
I
I
inplre Steel
14, 1899.
V. 68,
A.
p.
Iron to. —Incorporated
524.
Alleghany Ore
A
In
New
Jersey on March
Iron Co., organised
in
Jan.,
-
I
INVESTORS'
163
SUPPLEMENT.
1902. Is controlled V. 74. p. 'J()>: V. 70, p. 1353, 1-109. The entirestock
of the Crane Iron Works Is owned.
DrvtDKN-DS at rate of ti p. c. per aiinuin paid July 1, 1899, to July 1,
1900: 1901 to Jan., 1903, 3 p. c. yearly (J.AJ.); July, 190 i, 2 p. c; see
V. 68, p. 9.
Report.— Report for year ending T)eo. 31, 1902, wasio V.70, p. 1353,
showing net earnings (over $46,575 charged off ror depreciation),
*203.0*7; iinpt< charged off, $170,148; dividend (3 p. <•.) on pr.-f.,
$75,000; bal.. <lt>f $4 > 061; total surplus Dec. 31. 1902. $128,039
Fitzgerald.
President. Leonard l'eekitt, Catasauqua, Pa.; Sec. J.
Catasauqua. Pa, New directors, Feb., 1903, V. 76, p. 482. (V. 70,
.
IflanhaUaii Beach Hotel
M
1 1
I
in
New
Jersey on Mav 2 s*, 1902, and acquired per plan V. 74, p. 1142 control of
the Havana Commercial Co., the entire stock of the H. de Cabanas y
Carbaj-il and control of "Henry Clay and Bock & Co. " thus combining over nine-tenths of the high-grade tobacco products of Cuba. Controlled by the same interests as the Amerioau and Continental To-
bacco oomp
isles.
common. $30,000,000; pref. 5 per cent non-cum, $5,000,000,
outstanding: par of shares. $100. Bonds, $10,000. (
twenty-year
gold 5s, of which $2,500,000 to remain in treasury-(V. 76, p. 1249.)
Herring- ll a l-.Mar vi n Safe Co.—Organization.— Incorporated
In New Jersey on Aug. 3,1900, as successor Dec. 20, 1900,per plan in
V. 68, p. 232. and V. 70, p. 689, of Herring-Hall -Marvin Co. V. 71,
p. 238. Stock, common. $1,650,000; 7 per oent non-cum. 1st pref.,
$600,000 and 7 per cent non-cum. 2d pref.. $1,050,000; par of shares.
$100. Report for rear ending Dec. 31, 1902. in V. 76, p. 432, showed
net earnings above tntere>t charges of $70,840 Pres.. H. A. Tenney.
directors, Feb.. 1903, V. 7b, p. 432.— (V. 76, p. 1316; V. 7«, p. 432.)
8tock,
all
'
I
International Automobile
&
Vehicle Tire Co.— Organi-
sation.— Incorporated in New Jersey in April, 1899; factories are at
Chelsea and Newton. Mass. (see V. 68, p. 772>. Stock authorized, common, $1,500,000; pref., 7 p. o, cum., $1,500,000; par of shares, $i 00
each. On Mar 1, 1900, $2,368,000 stock had been issued. Bal. sheet
Mar. 1, 1900. V. 70, p. 999— (V. 68, p. 772; V. 70, p. 999.)
International Nickel Co.— Organization. Incorporated in
New Jersey on March 29, 1902, and acquired control of the Canadian
Copper (& Nickel) Co., with plant at Copper Cliff. Out.; Nickel Corporation of London, with mines at New Caledonia, and the Orford Copper
Co. of Hayouue, N. J., American Nickel Co. of Camden, N. J., with
their snbsidlarj companies. In Deo 1902, 93 p c of the Mockhold
ers (£750,000) of the Nickel ''orporatlon of London had agreed to accept for each £5 share $0 25 each of common and preferred stock of
the International Nickel Co. V. 75, p 120V 1257. Chas. M. Schwab.
President of the C. 8. Steel Corporation, was Instrumental In forma
—
,
tion of company. V. 74, p. 730, 832.
Stock & Bonus.— Stock authorized, $12,000,000 each of common
and 6 per cent nou-oum. preferred; outstanding, $8,741,505 of each.
Bonds, $12,000,000: 1st gold ,5s, due Apr. 1. 1932; subject to call at
A
N
Y. Beoority <t Trust Co., trustee; outstanding,
$9,903,440; present issue to be $10,000,000.
Report.— Report for year ending Mar. 31, 1903, in V. 76, p. 1190,
showed total n«-t lnoome of constituent cos. (excluding two in New
Caledonia), $1. 009,393; int. on bonds, $459,244; t>al sur $559.1 ».
OrucERs—Chairman of board, Robert M. Thompson; President,
Ambrose Monell; Sec, Stephen H. P. Pell; Treas.. James L Ashlev.
Directors in 1902. V.74,p.730. Office, 72 Broadway.— (V. 75, p. 1257;
110; Int.
<StO
at
.
,
1
V. 76, p. 1190.)
International Powfr Co.—Organization.— Incorporated in
New Jersey on Jan. 14, 1h99. Owns American Wheelock Engine Works
of Worcester, Mass., and Corliss Steam Knglne Works of Providence, R.
I. V. 08, p. 671; also on April 30, 1902, $8,211,800 preferred and $661.300 American Locomotive Co common stock and $75,425 each of oommon and preferred American Diesel Engine Co.
stock. Etc—Common stock anth rlzed, $7,400,000; outstanding,
$5,047,"00; pref 6 p. o. cum .$000,000; par or shares, $loo First mori.
bonds, 4s, 9200,000, were Issued In 1899 on property since sold (see
Am. Locomotive Co.), and 8140,000 mortgage on Corliss plant
Dividend on pref., 8 p. c. tor 1899, was paid March 16, 1900; on May
>.
1901, 6 p -.for 1900 and Ifl p. c. tor first quarter of 1901; 1903,
May, 6 p. a, and 2 1* p. & for first quarter of. 1902. First divldi
oommon 2 p. c, paid .May 20, 1902. see statement, V. 70, p. 482.
REPORT.— For year ending Dec. 81, 1901, with balance sheet of
April SO, in V. 74, p. 1 82, showed total net income (Including Inter* st
on Amer. Locomotive stock owned, etc). 8292,796] interest, $17,328;
dlr. on pref. stock (6 p. 0.). 899,000: bah, sur., 9209,469,
Pree., Joseph 11 ffoadley, 78 Broadway, N. Y. Directors, June, 1901, V 72. p.
1240.— (V. 74, p. 832 .u»,ii37; V.7B, p. 180S; V, 76, p. 383, 386.
.
1
i
1
-.-
1
Iron Steamboat Co. of Neiv lcmc>
.
— 1'iopert
\
OOIlSlStS
of
Iron steamboats. Incorporated In New Jersey In Aug., 1902, as
successor, per plan V 74, p "78, »**~. to the New Jersej oompanj of
the same name, i.m olosed An* 0,
02. V. 75, p.
For year ending Oct. 31, 1900, gross receipts were $236,935: operating expenses, 6133,006; terminal charges. $15,8hi
rental
-27, or,]
baL, sur., 887.176. Stock, 8400,000;
parol shares, 810 each; outstanding, $.202,790. Bonds are $100,000
orior lien 30 year 5s <gi> en for as -ess oenl of fame amount on the old
bonds) and 8*00,000 gen. or 2nd 3o-y«ar4s, all redeemable al par,
Honds may be called yearly Tor sinking f 11 n<l Bee V, 74, p. 778.
President, Allan c. Washington.— (V. 75, p. 188, 293, 397.)
Joiirmii) A llnriiliam.— -. plan. V. 70, p. 1293; V. 71, p. 590.
ITlHdlMoii Square (iiirdcii. Owns in fee a block or land In Now
York Cltj and building thereon. Htock, $2,000,000 (par, 9100).
Bonn*.—81,250,000 nrst 90-year gold r>s. due t^o^ 1, 1919. and
$750,000 2d gold (Is; lust coupon paid on latter being that, 0l
1896, In Feb., 1897.
era Tc stCo ofN Y.. trustee. Beoond mortgage bondholders' committee: F. K.. Hturgis and W.C Gulliver; deposP. Morgan a Co.- v. 66, i>. 820.
DrnaoTORS (Oct., 1902); P. K. Sturgls, J. Plerpont Morgan, D. <).
Mills, Charles Lanier, B, n
Bolllster,
W. F. Wharton. Stanford
White, W. O. Oulllver. James C Woodward, Frank
San.
Jauie(V. 07, p. 090; V. «s. p. 95; V. 71, p. LIT.
1
;
:
M
i
W
I
inula,
i
urerf* l>li;ln
A-
Heat Company, Plltnbureh.—
m
'466
Havana Tobacco Co.— Organization.— Incorporated
the real
Stock - Stock authorized $25,000,000, as increased June, 1903; outstanding, $21,000,000; par of shares, $50.
Dividends. First quarterly dividend,
p. c, paid July JO, 1903.
Bonds.—
DMc.
Outthnufg.
interest,
Maturity.
making certain payment
1903
1901.
1902.
1899. 1900.
) 1808.
6
per cent.
6
i;
6
6<J.&D.) June, 3
6
Preferred, per cent ) 4
-( V. 73, p. 393, 959, 1210; V. 74, p. 270; V. 75. p. 1 i56»
Fort si. I'nloii Depot ( Detroit)— See Si ri'i.EM'T of April, 1897,
tireat Lake* TowlDg Co.— ORGANIZATION — Incorporated in New
Jersey on July 6, 1H99, as a consolidation of towboat companies along
the Great Lake- See 7.69, p. 79.593; V. 72, p. 778. Stock authorized, common, $2,500,000: pref., 7 per cent non-cum., $2,500,000. Is
sued Apr.. 1901, 91,675,000 oommon and $l,8f2,850 preferred. Par
of shares $100. In 19007% div. on pref. was paid; in 1901, Feb. and
May, none; Aug.. 1901, to Mav, 1902, 7 p. o. yearly (Q-F. so). Pres.
and Treas., T. F. Newman. Cleveland. O.—<V. 78, p. 187.)
.
>n
Incorporated In Penn. on Nov. 28, 1899, as a consolidation of various natural ga» companies operating in Western
Pennsylvania; In Apr., 1903, the Fort Pitt and other properties were
nnrged (V 76, p. 7o8; V. 70, p. 331; V. 69, p. 1105): also owns practically all stock of Wheeliug (W.Va.) Gas Co. (V.76, p. 885,438, 482, 922)
and all stock o' Tri State Qas and Wetzel Gas companies (V. 75, p.
in June, 1908, new trunk pipe line extension into
>7, 909)
West Virginia was under consruotion. Y.7G, p. 1252.
Equitable 1 mill anting; Gas Light Co. of Philadelphia.—
in 1H9S by United Gaa Improveiuent Co., which owns a
majority of the stuck, to operate the gas works leased from city of
Philadelphia. Bee full particulars In V. 66, p. 426. Common stock
issued, $3.125,000 preferred stok,
per cent for first year and 6 per
cent thereafter, $3,125,000. Sinking fund of $124,000 yearly Is to re
105; ami beginning in 1908 the Improvement Co. agrees
tire bondfl at
to create a sinking fund to retire the stock In 1928, when the property
Is to revert to the oity.
Lease may be terminated by city in 1908 on
Dividends.
ami Limited/.— Owns
;
Organized
Common,
I.
and premises known as Manhattan Beach, with the Manhattan Beach and Oriental hotels, music amphitheatre, fireworks
enclosure, bicycle tracK and other buildings, 44t; acres or land,
A-c.
Stock. 82,000.000, or which $500,000 is preferred B per cent
non-cumulative; preferred outstanding. $500,000. Bonds. $1,500,000 general gold 4s, due Nov. 1, 1940; int. M & N Central Trust Co.
Of N. Y.. trustee. Commencing with May, 1894. four years' coupons
were funded into 10\«ai -crip. A few or the coupons have not yet
been funded. N. Y. otlke. 192 Broadway.— (V. 62, p. 869.)
M
;
A;
lxxvh.
estate
1353, 1357.1410.)
p.
rvoL.
It.
Gas 1st M
due $100,00011900
I'itt
g,
.
••early ($1,000 ea
I
>
8g JSOekD
Mtllou A
Int. at T.
[
U.PI
Tojune30,' 11
8600.000
Sons' Bank, Pittsburgh.
J
M. L. & H. 1st M g lue
*50,000 yearly ($500 ' 1900 6g. J&J
$600,000 To Jan., 1915
&c. each)
.. i
Wheel, 1st col. tr. M..$2.- / ,, m
903 6g.-FAA $1,857,000 To Feb., 1916
',
500,000. g.. due 8200,
OOOyearly (81/ OOea'h] ) "ut. at Colonial Tr. Co., Pittsburgh., Pa.
New mortgage, 886,500,'-* 1903 B g.-MA-N $3,750,000 To May, 1918
000, gold
Int. at Union Trust C, Pittsburgh.
j
Of the $6,500,000 bond- authorized on June 23, 1903. *3. 750,000
were Issued to pay for For; Put (Jas C.i and balance Is reserved for
extensions and improvements. Including pipe! line to West Va V.76,
The Wheeling coll. gas bonds (several terios) are subject to
p. 1252.
call from 102 to 105.
Earnings.- 3 mos to Mar.3 1. 1903, gross. 91.354. 589; net, $979,33 7.
OFFICES* President. II B Beattj Secretary, H E. Peibert; Treas
urer, E. H. Myers. Othce. Farmers' Bank Bldg Fifth Ave. and Wood
St., Pittsburgh, Pa --(V. 76, p. 703, 922, 976. 1252, 1411.)
ITIarMden Company.— Incorporated in February, 1897, to manufacture products from cornstalks— see V. 65, p. 235, for uses ol product.
Common stock authorized, *35.000,000; outstanding, 983, 962,9 0.
Pref. stock, 6 p. o. cum., authorized, $15,000,000; issued, *l ,646,200.
Report 1902 in Chrox., May., 1903. Owns majority of stock or International Smokeless Powder Co., a part being pledged to seoure $300,000 notes due 1902. See V. 71. p. 1123. In July, 1901, obtained
control of Amer. Milling Co., with plant at Riverdale, Chicago
V.
74, p. 35; V. 74, p. 1354. President, E. G. Buckner.— (V. 74, p. 1 354.)
ITIoiionsraliela River Consolidated Coal A Coke Co.—
(" River Coal Consolidation.")— Incorporated In Penn. in June, 1899. to
consolidate coal interests along the Monongahela River, and coal traffic
to New Orleans, etc., including 200 steamers and 4,000 coal
boats and barges, and coal elevators, etc.
Owns between 36,000 and 37,000 acres of coal.exclusive of surface. See constituent
concerns taken over Oct. 2. 1899. V. 69, p. 1065; fee also V. 72, p.
876,939; V. 74, p. 99. In May. 1901, purchased eleven-twelfths of
stock of Corona Coal <fe Iron Co., owning about 20,000 acres of coal
lands in Walker Co.. Ala. V. 76. p. 264.
Dividends on pref., 7 p. o. yearly, July, 1900, to Jnlv, 1903 (J.-J).
A sink\ng fund of 5 cents per ton of 1 >« ineh coal mined and shipped
will retire bonds annually about Dec. 1 if purchasable in the open
market at a reasonable price; to Nov. 1, 1902, $532,000 were canceled.
Report for period ending Oct. 31, 1902, with balance sheet, was in
V. 76, p. 264, showing undivided profits over all charges and dividends on pref. of $180,037; total surplus Oot. 31, 1902, $1,037,097.
President. John B. Finley; Treas.. Geo. I. Whitney, Pittsburg, Pa. Directors,Nov., 1902, V. 76, p. 269.- V.76. p. 215, 264. 269
,
.
,
.
.
'
.
.
;
,
,
(
Montreal
Heat
Ltsrtit,
A:
)
Power Co.— Organization.— In-
>y special Act or Quebec Legislature Mar. 2-, 1901.
Conand power business of Montreal and subtwo hydraulic stations for generation of electricity, to be in
operation in the rail of 1 90S, to have a capacity of 2H.000 horse power.
corporated
trols the gas. electrlo light
urbs; nlso
Properties owned, see V. 74. p. 580? V. 75. p. 23*; V. 70, p. 923. Dividends on stock, 4 p. c. yeaily to May, 1903. inclusive (paid Q-F).
Oidil'intl'n. Lant <i\r.,> te.
Datt. Inlertht
SEC R1TIK8—
Q-F
Stock, $17,000,000 (par $100) ....
$(6,977,800 May. '03, 1
lwt & coll. tr. M $7,500,000, t 1902 4»* g.JAJ 3,500,000 Jan. 1, 1932
."subject to call at 105 after Jan. 1, 1912
g. ($1,000 eaoh
Lachtne s. f. M. $l,000,00i». > 1903 5 g. A&O 3,414.000 Apr. 1,1933
<•'
\ Subject to call at, 105 aiturApr. 1, 1913.
g (*l,000each)
Underlying bonds— See below.
Royal Trust Co. or Montreal Is trustee or both mortgages, interest
being payable in Montreal at the Bank of Montreal or at Its agency In
New York.
Of the 4Ws of 1902. $1,124,000 are reserved to retire an equal
amount of tin lerlylng bonds and 82.870,000 foi Improvements. The
unissued Laohine bonas are reserved, viz.. to pay tor balance or suboompany stock-, $7,o00. and to retire sub-company bonds, *279,000.
List or underlving bonds and description of mortgages, V. 74, p. 580;
.
J
988: v. 76,
p.
p.
923.
Rm'okt. — Report for the year endin
iCLKof July 25, 1903:
}
Apr. 30, 1903, was
in
Dir-ulrnd*
$182,205 <4<',o$' 79 3 r>-l
CmtON-
gur
$39,334
$1,939,560 $90O,S73
91,495
11,753
1,760,285
821,217
combine, results with preseni Interest charge are as follows:
1902-3 .....82,324,942 81,136,748 8406,931(494)8679,113 860,705
<>i
h ikPresident. Herb irl B. Holt; First Vice President, James
.cond Vice Preeldeni Rudolph Forget: Becretarj Treasurer!
Yrar.
Grout.
Nfl.
1902-3
1*01-2
In/err*/.
Jiul..
i
i
ii.
ii.
Henahaw.
Directors, v. 74, p. 5so.
- (V.
76,
p.
i
National BusuBellnar a Ktstaaplna Oo.—ORG anizatiok.—InIn V,
corporated In Nev Jersej on January 21,
1H7, ami
68, p.
i
olHolal
1901, Apr.,
100.7 p >o.i
in v. on pref.,
statement in v. 76. p, 1406
1% p. c: J one 80, 1 4 p. c; <»ct. l, i\ p. o.;
1903, 7 p. o. declared, payable quar. (Q-J.)
1908, 4 p. c. declared, paid 1 p. o. on Jan. 1,
\ p. Q,uar. (Q-J.)
On common, 1902,4 e
1909.
<•
i
\>
;
;
dinar, thereafter.
Report ror > ear ending June
I
1
p
V.7f>, p. 909.
30, l;io2, was In V. 75, p. 341, showing,
91,720,307 dividends on pru, (7 p. c ). 8587,762; div. on com. (4
r
surplus. $1,779,1. leaving a surplus or $6(i9, 291; total
c. ), $163, J
p
70-. President, Pred'kO. Niedrtnghans;8eo., wm. n. Mat thai; Trees.,
Ingram. N. V. olllce. S3 Fulton St. (V. 76. p. 597, I 105.)
National Bice Milling.—See tull statemenl v. 55, p. 49; v. 71,
p. 1123, 1223. V. 79, p. 917186, V.73, p. 1163.
National Suit Co.— »m. ni/ vt ion. Inoorporated in New Jerv. 69. p. st.:j.
(iiiuiai
sey on March 18. 1899
statement to
In
rk titock Exchange was in v. 71, p. lllH; V. 68, p. 694
>et
a majority or stockholders accepted tor $i ,000 preferred one
1 901
B 1,000 five per oenl gold bond of the International Bait Oo. and one
share ($100) ot Its capital stock, and Tor common stock an equal
net,
;
.
<
<
.
.
v
a
JUt.T. 1908
amount
:•
•
•
ai
I',
i*ii
>athan
Sept. 29, 1902, Frank P. M«D. imott of J
ii. Bcwtfnlrir or Warsaw, N. v., wen
tmiuiou •>• <.<k Is BTOCK,
cumulative, 85,000,000; of these 91.241,750 each ol common and preferred
ilted In escrow on account <>r purchase
'0 per
Salt Co., iiml an equal amount of 7 per cent uroi
oent common trust certificates Issued, agalnsl Himr; tin
litigation. The
axe la default, the contract with the United Co. being In
V. 76.
unpaid May, 19
amount of
In Apr..
755, 1196; V 74, p 678; V. 71, p. 1272; V. 73, p. 186, 286
r,
901, A. w. LiitiiHon and J. B Zerfie were appointed receiver- of the
United Oo Bee \ 72,
74, p B82
Mi pref. Ill full to .No.
DtTIDSHDa
1901, OB roiimion. 1 Hi p. 0. and
lool, ti p. c (Q.-F.)
o. Nov
extra >u |>
p. c
Hum
100 Hutchlnson-Kansaa Salt Co., due Jan 1. 1912
Ki iil, with balance iheat, In v. "4, p. «7-< i*i» also p. 730
Directors, V. 74.
ami editorial, p. 7ol>, shows net profits, $38,915
On
I
paid
and M
Mar.
m
o..
v. 75,
Broad
i
(
ji
ci
i
'-'.
'<,>
2,
I.
lull
Plttnlmri:
a
806 Fifth,Ave.— V. 76,
i.
—
7 p.o. yrly.
Pref. p.0.)
-i\. 75, p. 1403.)
2d
pref.,
Prior Hen gold
$1.500.0011
PAA
F&A
l.OOO.OOO
M.OOO
5.I.V.I
5s,
79J.0O0
President, Theodore
Y'ork;
Pacltw-
Treas.,
Lug
CWoodbury. NewYoi
Stockton
Hetli,
Omaha, Neb.— (V.
>•
10,'
Aug
10
July 1.1916
subject to call Ht 105 p.
5.1a.'
8,577.000
Subject to call at 106 P.
5
Consolidated gold, (1.000
$6.000.000
i
New
None.
50
50
5 p. c
Jersej
In
i
I
1
i
yrr ann.
.
)kc. vsi/. kti. .N.
I
5 yrly. (vj J)
New
u.orp .rated In
Mll-
ir
p,
i
2S4,
ipaoity 47,000 barrels ol Bo
28, 1010; V 71. a, sty.
.k.-n 01 er M.iy 11.
1
V. 71
p
.
185,
75, p. 1252; v. 68, p
The properties
of the old
or
v
tl
B78, 988|
company
I
wo Boa
authorised, $4,600,000; pre .:> per oent
nou cumulat!
000. Of the new 1st 5s,$2,213,OCi
to retire a1 par th.
r-Jones Jewell
Northwestern Con
Milling 1st 6s (see V.70, p. 288). The plan
limits the new mortaagi
iut permits Uicrease of this by
$500,000 for work
the bonds •<> be sold at not le^s than 95.
Dim
on jiref., 1%, paid Apt. 10,
p. 658.
OB (km a, Ktc — Int. Oh'ges, Y305.130; sink, fund for bonds. M5.000.
•>
0,
1946
r
-
c.
Jtevens,
76, p. 1411
)
Packing A Nsvlgstlon Co.— 010.
New
1
•
.
1901, and aoQulred it> of the leading
salmon c a u 111 in; concerns In Puget son ml and Alaska. Including PaolfloAmerican Fisheries Co V. 7o. p. :'"'.. etc V. 73, p 142.394. Ollloial.
statement, V. 74, p. U3S. In 1902 readjusted per plan InV. 74.P,
1143. The Pacitio Selling Co., with * l.OOO.OOO stock. Is sellliu
V. 73, p. 960.
In March, 1903. owing to the sin ill run of 1902 and the depletion of
working capital >r the paymem or bonds under rea Uustmenl
porated In
1
and owns die.
is
Minneapolis, Dnlutn
In
superior. Milwaukee. Buffalo, Byraouse and New York; total
Last <liv.,eU
Out-tanH'g.
.-
i
I
.
-
5
6*a
-
on >ct SI, 19
per pla
V. 7(l,
through rabsldlary oon
•
Interest.
T :,,>
—
standard Hllllnc <o.—
I
IteurirfM.
sto.k
1st pref,, 5 p. c
I
<
Stock, common. $2,500,000. not Issued; outstanding, 1 -t pref.. B p. c.
non-oum., 8750,000; - on.i prat., 5 p.0. non-oum.. $1,000,000 Par
ed Stocks are subject to call at par, dl\ l.l.nds
beiug paid at Parmers' Loan & Trust Co., New Vork. Decision, see
Dividends paid on tlrst pref., 189«. 5 p
V. 71. p. 815; V. 7 I, p. 1811.
o; 1899,5 p. c; 1900, :> p, c; 1901,5 p. c; 190J. 5 p. o;
oiid preferred, 1 ]> e. Aug., 1S99; 1900, 2 p.
Common
1
i.\
)
1803, 9 p.
I
.
,
;
1
••
1
9 p.0.! 1902, 2 p. c
quired
(
I
.
idatlon."i
!9,andinOol
1
Ida i< .1 Natural A Illuminating
Incorporated In N. J. on Dec. 29, 1899, pel
plan V.69.p 1251
Stock +10.000.000, of which $1,000,000 to ao
quire new gas fields, Bee statement to N X Btook Exchange, V. 70, p.
184. Dividends Mar 1900, to June, 1908, 1 n. c. quarterly, none since.
Underlying bonds, $820,000 Ind. Nat A III (.as 0s nut. M \). due
190S; *l.ti90.ooo
A Wabash 6s, J-D, due 1925; $1,940,000
M N. due 1924;
fort Wayne, 6s J J, due 1925; $960,000 Lafaye
$1,940,000 ohm a ind 6s (J-D), due 1986
Beport for eafend
1908 In V. 76, p. 432, showed net defloit after payment of di
and construction (*55,916) of $13,934 it. -i. .('has
(2p.c. P. Dleterieu; Treas A. li. l'roal, 45 B'way, N. Y.— (V. 76, p. lo32
Omaha Hater ('». OBGAbTHATIObT. sucee-sor In 1886 Of Amer
lean Water-Works Co. of Illinois, per plan In V. t;j, p. 10S5. In 1903
the city of Omaha prop ied to purchase property
v. 76, p. 1411.
nn<.
— ("Ball
DiviiiKSDs-Onpref., 1900, to July, 1903, 7 p. c. (i).-J. 86).
Uki-oki.— Report for year ending Dec 31. 1!HU, In V. 70, p. 433.
net proiits after deduottntj exjienses and all losses, $5,7
royalty and depreciation, 81,047,326; Interest on bonds, $318,281;
appropriated
dividend (7 p. e) on pref.. $2,078,865; nndlvlded protn
for preferred stock dividends and working capital, $2. 279,4
Officers.— Frauds L. Bobbins, Chairman of the Board and Pres't;
Treas'r, John D. Nicholson; Bee rotary. F J LeMo
th Ave.,
Pittsburg
Directors, Jaxu,]1902, Y. 74, p 100.— 17. 76, p, 488*977.)
,
I'iN. — u.oi i.orated in Maine
I laiiter»' ColliprenN <'<>.— Oho km/
on May 24, 190-. a
of m \\'e-t Virginia company <>f tl
name, and the Indo-Egyptian Compress Co. unaer plan of coiisoli.la
•ion. V, 7 1. p. s;jj, 888.
Also purchased 58 ginning plants, having a
oapaolty of 350.000 Lowry hale-. V. 74, p. 1800. Manufactures
l.owry jiresses and markets cotton and ha\ when compressed Into
cylindrical hales, own- .nine stock of Canadian Ila\ Baling Oo.
and patents In U. S. and Mexico ami 16 Other countries (and colonies).
The new company had aboul $2,000,000 working capital, stock. **),x e preferred,
750,000 common and +3,250,000 7 per cent Qon c in mil
all lssuexl. full paid.
All the common stock has bean deposited with
trustees, who hae issued trust shares therefor; $476,700 prad
ti\
ttOOk and 8366.600 common trust shares are Owned b\ the com p.,'
President. Arthur K. Marsh; Chairman of Hoard. Stephen M. Weld,
Vice President. T. Jefferson Coolidge Jr.; 2d Vice-Pies], lent. (i. T.
Francis; Treas.. i' M. Wakefield; Sec, P. s. Qoodwln; Directors, V. 70,
Otllce, 131 Stale St.. Boston, Ma-s.- (V. 76, p o')8, 814.)
p. 814.
Itliode ••laiiil-l'eriv Ills llur»r Shoe < "o ill pa il > .— >KO A.NIZATi'.N
Manufactures aoi
oalka at Valley Kails. B. 1.6
miles from Providence. V. 61. p. 1014.
omon o>r general)
stock. *1.000.OOO; pref.. 7 per cent cum.. >> .1. $1,750,000
par, $100.
The reduction In the stock from $2,750,000 to $1,000,000, uroposed
In Dec, 1902, had not been oonaummntad In April, 1908. V. 75. p. 1403.
Divs.— )1892. '93*95. '96. '97. "JH. 1899tol901.
Since
Com B.a,> 12 "sj 10 yrly. 4««
>
<>
mil <o.
Harrlt]
.
on
or iotbaud
P.76,p BOS, 868, 1141.)
showed
1
<
P. Oonover, Jr.
(V. 75, p. 1208;
.
l'alla Power Co.— See 8ii'i\ Oct.. 1902 V. 7b\ p. 1 40.
lian (Chicago).— Si ri\ of Jan., 1898.— V. 71. p. 99, 155.
Ohio A Indiana
<ia».- An anialgamation
I
I-
,
Wm.
,
ml.— This company
Niagara
Ogden
1
I
(
p. 1852.)
took the lands granted
to the International and Houston .V Oreat Northern KKh., ahom
OOOacr.v June 30, 1902. had 1,89 L961 tores unsold, stock $1,350,000.
par 846. Ttaaa., J B. wetmore, LOO Broadway, n. v.— iv h6, p. S3
I.
treasurj uncanceled and
tile
the large coal mines tributary to railroads In thi
liiirt.' dl
lier wit h coal and ore docks, loading and 111.
Ittabuia and other
at D ul ut h, Chicago, Mil waul
fdants
Owns about 150 coal mines, with equipment, aa
ids.
150,000 acres of ...a! lands in, or within a radius of 40 miles of Pittsruirg. together with some 5,000 coal car- operatiii-- over railroads radiating from PlttsbUl g, nil 11- Northwestern Coal By., Who -<• 5 per cent
bonds it guarantees, see thai company under "Railroads." -v. 71, p.
713. Lata in 190] lea edBnaw Coal Oo. properties is bout 1.200
1") miles west of Pittsburg for 40 \oars, and In Jan.,
Il 5,000
n the Hooking Valley. V. Ti.p 37o.
In June. 1902, pui
control of tiu> Pittsburg
lannon Kit. and mine-, and
itluthe Milwaukee Western f
V. 74. p. 1812; V.75, p. 680.
In Jaauarr, 1908, purchased entire stock of Midland Coal Co own
1ng.*,000 acres, subject to 8480,000 bonded debt, and of National
Dock A Fuel Co. of Cleveland, O., and control of ( 'olonial Coal A Coke
7ti. p. 216. 433, 077.
Bonds. — In 1809 isnued $6,000,000 5 p. c. gold bonds, secured by
pledge of the stocks of some of the subsidiary corporations. See
table |iin a preoed Lng paw and V 74, p. 838. li
la of siitisliltary
companies Deo. 31. 1902, $]
17,900.
Dibbctors. -Frank Tllford, 11. 1: Qawtry,T. W. Stephens, Henry u.
Wilson, James T. Pyle, Julian i> Palrohild, Abratn B. Hyatt audi..
B Oawtrv, of New Vork, and John Day Jackson. New II .iveti. Conn
Prank Tllford. President; Henry R. Wilson, Isl Plce-Presldent; H L
N.V.oiiice.
duclng
ti,.
1
.
,
New York A Texan
()
.
nna.—Incorporated InN. J.L
• .
IN.— A consolidation. Incorporat -.1 in July, 1900: supplies OH
tire borough or Queens outside of Rookaway.
See otlicial statement
v. 72. p. 1039.
to New v.Mk st..,k Exohango.
Stock and Bonds. Btookj common and pref. 5. o. iion-cmn., 81,250,0O0eacli, all issued.
Par of shares, *100. Bonds. $2,500,000
30-year gold 5s. dated Aug. 1, 1900; Int. IWA; Union IrnY trustee. Of the bonds #2.272,000 are outstanding, $78,000 are raserved to ret lie the *7^,000 N. Y A o_iieens Gas A Kleo. gold 5s, due
Jan. 1. 1949. and $160000 for aztenalO
lor rear ending Aug. 81, 1002. gross, $307,6(V.t, net,
i;vhmn..s
1137,027; Interest, $116,775; bal, but., $20.2
Snyder, Bee. and Treas.
of
7. 74, p
A. V. R. Ooe; Treas.,
A Power (o.-Okoan
I
Under agreement
B
1903, lncl.
Coach. Metropolitan and Oentui
md Park Carriage
Opmpanies. In June, 1901, purchased Newport plant and control of
V. 72, p. 1139.
Metropolitan and Centun Express companies
the
1191; V. 73, p. 35. V. 70, p. 844; V. 71, p. 390; P. 78, p
,n- m
tor fear 1899, with balance sheet, was In V. 70, p. 840. l'rcsi
dant, Henrj Sanderson Treas., \v. k. Ryan; Sec, Ralph Q. Miller.
Oltlce, 8th Ave. and 49th St., N. Y.— (V. 74, p. 99, 215,482.)
EleetrlC
p.
m
1
M
New York A Queans
mi and all the $17,the balalic
properties
Philadelphia and M.I797, and utllclal circular, p. -
I
p
1
trie
Vear ending Oao. 81, 1902, sritl
Ki.i-.Mtr.
lot al tnes Income. 88,422, 1
V. 70, p xiil, 1111.
etc., $1,718,0 18; Interest, $1,601
Joseph
M
William
lent,
Vork Mutual I el< H, l ali^fftlnflOMOT (0 the Mutual DoiOl
Telegraph Com p..
took carries dividends of 8 per oent per
on February
1883, to
annum under all
Union Telegraph, anion owns 02,886,700 ol the $2,500,000 stock.
>.-\* Vork Iraiixp.. rial Ion Co.— Ok., vsization.— Incorporated
Jersey on Peb 28, 1899, and oparates under license from the
above Jan.. 1002. stock au
Vehicle Co. Name changed
Ihorlsed, $5,000,000; par. $20. as reduoed In Jan., 1902; outstanding,
$4.70o,oo(). v. 7i; p
entire capital atooks of Fifth
i
In
oral for loan-.
)
New
-
to $11,266,700
V. 70. p. 331. Il
<K)o fours, mostly In the open market,
purohac
being placed
i
1900 to duly
J.). paid Oot
James h. Paatw—<v. 78, p. 4s3
l "-j p
o
President,
d pref.,
No beau.
1249.
dated
.
Mlltholi.
ell
1
I
V. 74, p
1
2,000.000 old PI
the amount outstanding
stock, +l(),0(H).(Kio t; p. c. oumulatfvi
uon ntook; all outstanding; par of -
31.
V. 75, p.
in.
'l.looofih.
e.
215.
p.
I
1
|ac. -lit coin:'
official statement.
,
V. 71.
1
kTfg. I., a P.
Nai
retained to acquire otlni e
.
and $10,000 ooo
1
trust
Diluting to $17,
500,000
National Sonar It. nlii- .— )B0 v.m/ a iuv luoorporated In
New Jersey on June 2, 1900, and took over the New York Sugar Refln
lag o.'h (Dosoheri refinery Lou* [aland City, the MoUanhauer reflnThe
n. N
V.. and the National refinery, Yo
oapaolty of the new company la 10.000 barrels daily. V. 70, p.
II
1,
June. 190
each on amounts paid
p. c
Bohda.—Collateral
Oct. 16
which *1 !.'.'-
—Hunter. 115
p. H4o\
i
pU
'
.
.
1
June, 1903, oelng 2*s
,
Presided
1
1
0,000. of which I
has in* I"
V. 74. p
1902
in.
t
i
.
V. 74, p.
V. 73,
Ook.
in
1
•
STOCK.— Authoii
i
<
16t>
nil-) It mil.i lli.lrli \.i.i«l.. — -.. s ...for Oct.. 1
1.
iiadi ipiiiu 1 1.
Co.—Oa
rporatad
in Oct. 0, 1899,
Control* nearl] all >.'
S
propertlesof the city; ali-o in West Plnladi phia ami ch
i!»oi. acquired $146,i75 ol
V. 7J.
1
725
p.
1
.
MISCELLANEOUS STOCKS AND BONDS.
J
In l.in.if
of
1
July,
.
:
(
Y.
,
,
I
.
(
o.
Mfg. Co ou
Boston, Wm. Wall A Sons of Brooklyn
V. 73, p. 614. Reports nf oouunltteoa
competition In June, 1902, see V. 7 1. ;•
1064
tBoston A
V
•
.
in
mills In
.
in
be
.
mnabls
t
.
7. 72, p. 887, 11 10.
O
;
see
to
As
$100»; out-
.
sinking fund
per
ent of bond- u
sinking fund and canceled to Oct. 31
1
;
—
laws
A
$1, 50,000 receivers* oertifloatee were author
ieed. of which $760,00
bearina UOt over (> per cent int. rest, due one
year from date, but payable On 30 days' notice, were IsSU ible at once
and balauce later. V. 7rt, p. 70s, $76
Stock authorized, $12,50J.O0O each of common and 7 per cent cum.
preferred; outstanding, common. $(i.l.~>0.000; preferred, $7,100,000;
20-year 5 per cent debentures, $1,500,000.
OFFIOKRS. — Pies., Charles Couustdiuan Vice-Pre.*., Thomas H Mo
O-Overu; Treas. Frederlok F. Carey; sec
K daud Ontlrov; Directors.
V. 73. p. 613. N. Y. olUce. 93 Hudson St
V. 76, p 70s, si;"9, 97ti. 1033.
Treas.,
.1
60, p. lol 2; V. 63, ;
Oo. a<-ts as selling agent. V. 75. p. 3 '7. 613
Owns 3 mills in operation, vis., Sewail Day m
.mi the VFatarhury and Lan
vo idle and partly dis
of
|
on March 23,1903,
1
.
-
depository (Philip S. Baboook Booratary), request* deposits
the debentures and stock. V. 70. p. 545. Opposition (Havet
committee. Van Norden Trust Co deposits]
Bee V. 70. P 1031.
'«>
1st vice l'res, Win. I.
c Kllm
Hull; 2.1 Vi.e p
J.A.Knox. Ollice. 37 Wall St N. Y.-i\
Mandiirtl ItopeA Twin. Co. — Incurpor
1
rhecoinpau. lie. -aiue e
ill! Tno
Y'ork and QenrgS B. BallOOh Ol New Jerse] ant. lames A K.'ir of
Seattle and.J.K Winn of Alaska were appointed receiver;*.
nintee. witii Qeorge P. Orana, Chairman, and Colonial Trust
11
irplus
First report In V. 7">, p. 12S
in operations of plants fir period
months ending sept. 30, 1902, after deducting
Chairman ol Board, Brayton Iv.
I
.
.ulative
-ed for
i
incomes and entitled
to
'or
each $100.
iff
INVESTORS' SUPPLEMENT.
170
Report.— Vear ends July 31. Report for 1901-02, In V. 75. p. 610,
showed Profit on ihe year's operations after paying interest on bonds
and borrowed money. $37,102; nehit bnl. Auk. 1,1901. $4S7,70l;
:
written off for certain losses sustained, $126,403; doubtful accounts,
$8,788; balance, deficit to profltand loss Auk. 1. 1902, $585,790. Gross
sales In 1899-00, $4,255,342; in 1898-99, $4,999,275.
Presideut, Thomas Russell; Vice Prest., Alfred R. Turner, Jr.;
Treas. and Sec, Joseph O. Taylor, 14-20 State St., N. Y. Directors:
Thomas Russell. William Barbour. W. R. Potts. James B. Clews,
John Kean, A. K. Turner Jr., Joseph G Tavlor, Jos 0. Reiff and E. Le
B.Gardiner. Office, 17 State St., N. V.— (V. 77, p. 98, If 0.)
Temple Iron Co.—Organization.— Incorporated 1873 in Pennsylvania, ami in March, 1899, purchased anthacite coal properties of
Simpson A Wat kins around Scranton, Pa.— V. 69, p. 231. Controlled
In the Interest of anthracite ooal roads, Del. Lack. & West., Cent KR
of N. J., Heading Co Lehigh Valley, Erie and N. Y. Susq. <fe West.,
which guarantee both stock and bonds. See V. 71, p. 1124, 1170.
Stock and Bonds.— Stock authorized, $5,000,000, guaranteed 6 per
cent, subject to call at par and accrued interest on Jan. 1, 1904, on 6
months notice, but absolutely payable by the RR. co's Dec. 31, 1906;
$2,500,000; par of shares, $100. Held in voting trust
Sresent issueTrust Co.. which Issues Its certificates of beneficial intery Guaranty
est against same. Bonds are secured by stocks of properties owned
and are subject to call by sinking fund of 15 cents per ton on ooal
mined at 110 and Interest; they are guaranteed, but severally In dlf
ferent proportions, by the railways above named. Of the bonds the
$11,000,000 remaining unissued are reserved for additional proper
V. 71, p 1124, 1170; V. 75, p. 926.
ties.
Officers.- President, Geo. F. Baer, Philadelphia, Pa.; Vloe-Pree't
and Treasurer, A. F. Law, Scranton, Pa Secretary, Geo. L. House.
Directors, V. 74, p. 732.— (V. 74. p. 634, 732; V. 75, p. 926. 1403.)
,
;
Texas A Pacific Coal.—Owns 50,000 acres of ooal lands In
Business eonsl.-ts or mining coal and manufacturing coke,
brlok, etc. -tock $2,500,000: outstanding, $2,250,000. Dividends:
1896, 4 p. c 1897. 4 p. 0.1 1898, 44 p. c; 1899. 5* p. o.; 1899 to July,
Mort, is for $500,000 of 6 p. c. bonds,
1903. 6 p. c. yearly |Q.— J.)
due 1908; bonds for $27* ,000 in sinking fund (In oec, 1902). leaving $222,000 outstanding: interest A.
O. at Central Trust Co., N.
Y., trustee.
Pres., E. L. Marston, 33 Wall 8t , N. Y.— iV. 71, p. 1175.)
Texas.
;
&
Union Bag
A-
Paper Co.— Organization.— Incorporated
New
In
rights of stock, etc.. V. 68, p. 675. Statement for year ending Feb;. 1
1903, with balance sheet, was in V. 76, p. «64, showing net earnings,
$961,037; dividend on pref. (7 p. c), $770,000; balance, $191,037.
Bills payable Jan. 31, 1903, $680,000.
quar.)
Dividends.—On pref., July, 1 899, to Jul y, '03,7% per an. (I
Okkickks —President, L. G. Fisher; 1st V.-P. and Sec, Edgar G. Barratt; 2d V.-P. John II Derby; Treasurer, Geo. -R. Sheldon. Office, 1
Broadway, N. Y.-(V. 74, p. 774; V. 76, p. 8t»4.)
\%
oiled Box Board A: Paper Co.— Organization.— IncorporI
lMt'2,
ated in New Jersey on May 28, 1902, and took over as of Jan.
per plan V. 71, p. 375, the leading straw-board and box-board com(including Traders' Paper Co., Lockport, N. Y.,etc, 26 plants);
fianles
a the country, having a theoretical capacity of l,35y tons dally;
also acquired $5,800,000 of the $6,000,000 American Strawboard
Co. stock, and owns entire stock or Knickerbocker Pulp & Paper Co.,
with a daily capacity of 40 tons of pulp. V.74, p. 1041; V. 75, p 358.
In June, 1903, suit was brought by iormer owuers to set aside purchase of Oswego Falls Pulp & Paper Co. V. 77, p. 40.
Stock authorized. $28,937,400, of which $14,oi8,500 common and
$14,918.9C0 seven per cent cumulative preferred; outstanding,
common, $13,694,329; preferred, see table. Over a majority
has been deposited In a stock pool for one year from Au<. 14, 1902.
V. 75, p 39H. First dividend on pref., 1% p. o., paid Deo. 15, 19(»2.
In March, 1903, dividends were deferred to accumulate surplus for
working capital. V. 76, p. 658, 1038. Profits from July 24 to Sept.
80, 1902 <24 months), $216,431. Balance sheet Feb. 1, 1903. V. 76.
Financial statement March, 1903, V. 76, p. 756. Status Mav,
?. 434.
903, V. 76, p. It :I8; V. 77, p. 93.
BoNDB.-Thelst 5s of 1903 are due $350,000 yearly from Jan. 1.
1904 to 1908, both inclusive, $250,000 Jan. 1, 1909 and $1,500,000
Jan. 1, 1913. They are subject to call (when drawn by lot) for pay
mem at oar and Interest on any Interest day. Of the authorized
amount $2,000,000 bonds are Issuable forthwith, the remaining $1 500,000 being reserved to retire from time to time a like amount of
underlying bonds on 15 of the plants (see list V. 75, p. 1304), viz
Traders' Paper Co. N. T. «g, $200,000, due by Nov.. 1919. Thompson Pulp A
PaperCo.. N. V .,fs, |2on.»>i)0. Somerset & Kennebec Co.. Me., |838.0oi Tytns
Pai er. etc, <>.. tm.bW: Wabash Paper Co. .Indiana, »V00,000; Peorm S'rawboard
Co.. III., Os, lioo.uot; Wilson, et allL Conn.. $58,300; Oswego Kails Pulp & Paper
i
,
:
;
Co.. $76.< 00, etc.
Amer. Strawboard Co. has outstanding $516,000 1st sink, fund gold
due Feb. 1, 1911, int. paid F
at Internat. Trust Co. .Boston.
Report of American Strawboard Co. for 1902. V. 76, p. 378
&A
6s,
Pre*., James A. Roberts; 1st VicePres., R. F. Newcomb; 2nd VloePres., Chas. D. Brown; 3d VicePres, R. B. M<Fwan; Secy., w. c.
Staley; Treas.. Eugene M. Ashley. Directors. V. 75. p. _'47; V. 76. p.
483. Office. 11 Broadway, N Y.— (V.76, p. 434, 658; V.77, p. 40, 93.)
United Shoe Machinery Co.— Incorporated in Feb., 1899, in N.J.
V. 68, p. 333, 430; V.74, p. 43o; V. 75, p. 851. Stock, common, $12,500.000: outstanding, *10,720,300; preferred cumulative. 8 percent
Balance sheet Mar.
$12,500,000; par, $25; outstanding, +9,930,450
Underlying iionds, 8208.500 Internationa)
1, 1902, V. 74. p. 935.
Goodyear Shoe Machinery (Is; mortgage assumed, $00,000.
In VIIU.MJH. First dividend, •« per cent on preferred and 23 percent
on comn on. paid April 15,1899. V. 08. p. 525 On common, July,
189!'. to July, 1903, Inclusive, s p. c. yearly (2 Q-.I). On preferred, July,
1899, to Julv, 1903. inclusive, at 6 p. 0. per annum, payable quarterly.
Annual statement Manh. 194 S, V 76. p. 971, 1859, 1902; V 75, p. 81.
In June, l!io_', Win. A. Read, of Vermllye «fc Co. of New York, was
a director. V. 7 1. p, 1312.
President, sniney w. Winslow of Boston; Treas and Gen. Man., Geo.
W.Brown; Secretary. Mi fieri Brunor.of Boston. Albany Ml'dg., Boston,
Ma>s.-(V. 75, p. 8t>l; V. 70, p. 709, 814. 971. 18 9.)
—
;
I
lilted Slaten
— Incorporated
In
Cotton Dink Corpn rat Ion.— OkcaNI/. \TloN.
New Jersm on Juno 4, 19**1, per plan In V. 72, p.
Woodbem
992, 1028, 1241, to control the Mount Vernon
Cotton Duck
Co. (see list 14 mills. V. 69. p. 129), etc. V.72, p. 11 il»; V 70. p. 1088.
Ui'A! 'i -iviM l'i xv.— The plan announced by the re d|ustment
mans gen, B Dairies Warfleld, .1
Mlddendorr, EI. A. Orrloti Htm
ThOt. M Turner, In July, 1908, provides for the merger of the United
wm
ml Mount Ve> non-W< oillo rry companies
The consolidated eoanany will be authorised to issue $14,000,000
tlrst inortg.ge 5 p. 0. 50-) ear gold bonds, $7,850,000 ilr-t pref. 6 p c.
OCmulatlve, $«,000,000 second pref. 5 p. c. MD. cumulative and
States
>
common
'
stock.
Dew bonds wlU be
ompnm
all hi teres t*
I
a first lira
-object to *
1
.">.<)
()
on the properties o( the United
underlying bond", and will cover
in the
Mount Vernon Com
$S.000.000 Ik
e the Mount
maturitv (of whieb $1,< 0< ,000 in treasanil | 125 000 for umlorh ing bonds, and $S25,UOO, "og. tlur with
0,000 Mrst prefi red -tock. « ill remain In the treasury.
panv.
ur\
,
own< d or hereafter aoqulred
<
f
the
in hiIh.
•
i
[Vol.
A nd
ray$
T.XXVU.
receives
«
each $1,000 of—
eash. Bwdi. 1st pref. 2d pref. Oom.
(*6. 000.000).. $250
$2^0 $1,000
None 1,000
U. S. pret stock ($2.75ooooi
50
50
....
U. S. common ($10,000,000)
$600 $400
Position of Cons i. Com v ant.— Combined earnings for the year
verification were $1,050,739; int. on bank loans should
1902 subject to
not exceed $50,000 per annum; int. on underlying bonds, $26,750;
int. on Mount Vernon Woodberry 1st 5s ($7,000,000 outstanding)
$350,000; Int on new bom's, $237,500; dlv. on new 1st pref. btock,
$300,000; bal., sur., $86,489.
Opposition to Plan.—The Income bondholders' committee object
to the above plan. V. 77, p. 93, 150.
Stock.— Authorized, $15,000,000 each of common and 6 per cent
cumulative preferred, as reduced Feb., 1902. V. 74, p. 331. Common stock outstanding, $10,000,000. The Jan., 1902, and Jan 1903,
cumulative int. on the Mt Vernon-Woodberry Incomes was passed; In
Aug. 1902, 2** p. o. paid. V. 75, p. 247, 347; V. 76, p. 439.
Dividends On pref., 3 p. c, paid Sept 15, 1902. V. 75, p. 247.
Earnings —Report for the calendar year 1902 in V. 76. p. 434.
showed net earnings of U. S. Cotton Duok Corp., $245,2(30; Int. and.
gen. expenses, $101,277; bal., sur., $143,989. Surplus earnings of Mt
Vernon Company over depreciation, etc. and 2*« p. c. (*150,000) oa
Incomes, were $15,470.
Chairman of Board, S. Davles Warfleld; Pres't, Chas. K. Oliver,
Continental Trust Building, Baltimore, Md. Directors and offloers,
V. 74, p. 331; V. 76, p. 216.-(V. 76, p. 1359; V. 77, p. 41, 93, 150.)
TlohUrs
>,f
Mt Vernon Inoemes
,
—
I nlted States Envelope.— Incorporated In 1898 under the laws
Maine.
Absorbed ten companies named In V. 66, p. 1003,
producing over 90 per cent of the commercial envelopes in the United
States. Output 17,000,000 daily; capacity over 20,000,000 dally.
Stock. $1,000,000 com., Issued $750,000; par, $100; pref., $3,750,000:
par, $100. Mortgage bonds, $2,000,000. See V. 66, p. 1003; V. 67,
Debentures, $225,000, due $25,000 yearly. V. 74, p. 385.
p. 179.
Dec, 1898. paid 2 p. c. on pref.; June. 1899. to Sept., 1901, Inch, 7 p. c.
per ann. (Q-M); 1902, 5 p. o. (M AS); 1903, Mir., 2^ p. o.
Report for year ending June 30, 1902, with balance sheet, in V. 75,
int on 1st mort. bonds, $120,p. 496. showed: Net profit, $485,010
000; dlv. on pref. stock (5 p. c), $187,500; sink, fund and depreciation,
$104,871; bal., sur. $72,639.
Officers.— President. C. H. Hutchlns; Treas., R. W. Day, Springfield,
Mass.; 8ec, W. M. Wharfleld. Springfield, Mass.— (V. 75, p. 496.
of
;
I
nlied siiH,- Mortgage & Trust Co.—Chartered In 1871.
Formerly U. S. Mortgage Co.; present name assumed Feb. 23, 1895.
Stock.— Capital stock is $2,000,000; par, $100. Surplus, $3,000,000;
undivided profits July 1, 1903, $609,439. Dividends.- In 1894. 6
1900. 10; 1901, 12; 1902, 15;
P.O.: '95. 6; '96. 6; '97, 6; '98, 6>a.; '99, 10;
1903, June 30, 8.
Bonds.— The
series of mortgage trust bonds, $1,000,000 each, are
first mortgages on Improved city
"In amounts at least eoual to the bonds outstanding.
See application to list $5,000,000 bonds In V. 67, p. 487.
Officers.— President, George W. Young; Vice-Pres., Clark Williams;
Treas., Edward T.Perine; Sec. Calvert Brewer.— (V. 75, p. 81, 347.)
secured by deposit with trustee of
real estate
United States Redaction A Refining: Co.— Incorporated in
New Jersey on May 31, 1901. Extracts gold and other precious metals
from ore obtained chiefly from Cripple Creek Distric, Col. Official
statement showing properties owned, etc., V. 74, p. 882.
Stock authorized, common. $6,000,000; pref. (also as to assets) 6 p.c
non-cum., $4,000,000; par of shares, $100; outstanding, common
$5,918,800; preferred. $3,945,800. Bonds (all outstanding), $3 ,000,000
first 30-vear gold 6s, due July 1,1931, subject to call at 110 as a whole
or for a sinking fund of $50,000 annually; Continental Trust Co., N. Y.,
trustee; Int. paid at Kessler & Co., 54 Wall St., N. Y.
Dividends on pref., l^ p.c, paid Deo. 20, 1901, Am?. 1 to July 1,1903
both inclusive, l * p. c. quartet ly. On common, Apr. 1 to July 1, 1903*
both Inclusive, 1 p. o. quarterly. Cheoks are mailed.
Report for year ending Aug. I, 1902, given in full in V. 75, p. 802,
showed net earnings (over improvements, etc.) $960,733: int. on bonds
(13 months), $195,000; div. on pref. stook (3 p. o.) $176,886; dlv. on
common stoik (2 p. c), $118,038; bal., sur., $470,809.
Piesident, Chas. L. Tutt: Vice-Pres and Mgr., Chas. M. Mac. Neill;
Sec. and Treas., Spencer Penrose. Transfer offloe, 54 Wall St, N. Y.
- (V. 75, p. 687, 790, 802.)
\\ -ifehiicli Co.— Organization.— Incorporated in New Jersey Apr.
28, 900. as a consolidation per plan (V. 70, p. 898) of the Welsbaeh
Light atnl Welsbaeh Commercial Companies. The United (.ias Improvement, It is understood, owns control. Stock, $3,500,000, par $100.
Dividends.— 2 p. o. paid June 28, 1901; in 1902. June 27, 2 p. c.
Bonds.— Of the $7,000,000 gold 5s (Provident Life A Trust Co.,
Pinhole phia, trustee) $409,000 reserved for working capital, etc.
Report.— For year ending May 31, 1902, profits were $538,536; Interest and sinking fund, $431,6d0; dividend, 2 p. c, $70,000; bal., sur..
$36,877. In 1900-01, profits, $625. »37.
Pres., fidney Mason; Sec and Treas., Lewis Llllle. Office. N. W. cor.
Broad and Arch Sts., Philadelphia.— (V.74, p. 101,331; V. 75, p. 565.)
Westchester Lighting.—Organization.- Incorporated on Nov.
6, 1900, and absorbed various gas and electric-llght companies supplying territory in Westchester County north of New York City. 8ee
V. 71, p. 1023, 1175. Stock (of which a controlling interest is owned
by the UnitedGas Improvement Co. of Phila.), common, $10,C00,000;
preferred. 5 per cent (cumulative after Jan. 1, 1904), $2,500,000;
Of the gen 50 year 5s, $4,180,000 are to be used
!>ar of shares, $100.
from time to time for additional extensions aud new properties and
$460,000 to redeem an equal amount of underlying bonds outstanding, viz.. $22,000 Municipal Gas Co. of Youkers 6s, due Jan. 1. 1904.
$343,000 N. Y. Suburban Gas Gas Co. 5«, due Mar. 1. 1949 and $95,000
New Roi belle Gas A Fuel 0\ 6s, due Jan. 1, 1908. There are also
$250 000 Hudson RlverGas & Electrio fs. due May 1. 1929, and $335,000 While Plains Lighting s, due .Ian. 1. l93«, for which no generals
arereaerved. For rear ending Deo. 31, 1902, gross $1 087,799; m-t,
In 1901,
$375.33*; int. on bonds, £253,920; bal, sur., $123,418.
President, Wm. W. Scrughaiu: Sec.
gross. $849,153; net. $251,040.
Lewis Llllle. Directors. V. 71. \>. 1175: V. 71, p.
B, vv\ Stllwcll; Tnas
1
•
i
'
,
1175. 1224; V. 76.
p.
1419,
WeatlnchOUM Machine Co.— Organization,
I:tc- IncorporI'i'iiii
in ls.Ml; manufactures gas engines, etc, nnder '•Vestlngbouse patents. Btook authorised to be Increased trom $8,000,000 to
$5,000,000 in Ian., L90S, formerly part preferred, but to be all of
one kind. V.74»p 101, Par value of •hares, $50. Stockholders were
offered. the rivht to April 95, !9o8, to subscribe to $2,000,000 new
-.tock at $100 per $50 share. r«islng the amount outstanding to
000. V. 78| P 758. Dividend! have been paid since about
Dividend* on common and preferred July, 1800, toOet., 1909,
both Inclusive, 6 p>e yearly io,
1908, Jan., 9>ep e. (quar.): Apr.,
2*g p.c.; July, 2*g !>• c. The Westlnghouae Foundrj Co. Is building 25
miles BOUth of Pittsburg. V. 75. p
Bunds. Of the $1,000,000 r p e. gobl debentures, $850,000 r. I
to retire 6 per cents due 1914, and balance to build a Steel foundry and
forging plant at Bast Pittsburg, having a daily oapaolty of so tons af
ated in
5
.1
i;
>
•
V
t'.o,
Offloe,
pi
j ,2.
2Mb St.
ii
.
I
forcings.
V*.
89,
p.
854.
(See also V. 69, p. 802.)
President. George westinghouse
Secy., T.
and LibertyAve Bast IMttahurg, Pa.— (V. 76,
;
.
.T.
Brown.
p. 756.)
July,
MISCELLANEOUS STOCKS ANO BONDS.
1003.]
for share, for Its own stock all exoe.
v 74, p. 1 197, l.:~<.i
V 78,
RAILROAD COMPANIES.
St,
SUPPLEMENTARY-See al$o Tablet Pages 7 to 146.
ArkaiiMHM midland lilt.— own a from Helena. Ark., to laren
don, 50 miles; Pin*- City to Brlnkley, Aik., 24 uillca. Capital stock,
8418 per oen«;
81,490,700 (par *10o.) Dividends pal<t In 1895-8.
In 1B00-7, -74 p, c; in 1887-8, 1"W P o.j In 1888-8 It); In 1899-0,
0-61 p. o. In 1H01 entire atock wan aequlred by Mo. Pec (St Loots
V. 71, p. 20«i, 574. Vear 1901 <>_>. gross,
Iron Mountain & -o. U\
105,182; net
aid taxes, 818.689; dividend!
070. President, Oeorge J. Gkmkl —(V.7S, p. 935.I
Calvary A IKdnmiiton Icy.— Owns Cilgary, Canada, to K.tinoii
on, Can., 191 in ami to l'ort Molieod, Can.. 104 in.
in Feb., L9<
median I'aoinc for 99 year* w*a
to the
ratified, under which the 8 P.O. bond* Ul.TJl. 700) wentor an equal amount of debenture stock, on which Interest i« ptnaranteed at 4 p. o. At the termination of the lease the principal of tbe
poinds will be p dd at par or a further lease entered It to. v '6. p. 484
Oovernuient subaldj la JJIO.OOO per annum till July. 1911. Land
mint 1,h^,ih acre-, of which 407,402 acres unsold held (Oct 1902.)
vernment again-t subsidy. Btoei 81.000,000; par * 100. In
1901-02, gro
net, 1274,781.- (V. 78, p. 9H0; V. 7((, p. 434
liiK-roceaiilc KiiIIuh) Of Tlcxlco, Limited.— Vera Onu to
Mexico Clt>. bfex.,842 miles; Los Reyes to Puente de Ixtla, 123
l
)
.
<
.
)
.
LoeArOOi to Tlacilalplciiii.72 in.; other. 1* miles; total. 555 mile*.
in Not., 19(m. the Mexican Eastern K>\. Limited. was formed, with
410,000 share capital, all owned hy the InU.roce.uilo. and purchased the narrow-^au^e line from San Marco* to Tezultlati. 79
md built from Vlrreyes to San Nloolas, 61 miles, the whole
belnK leased for BO j earn for a rental nfflolent to meet the general expeneee and interest on the debenture capital, of which £400,000 has
been Issued for purcha-e and extension ot ho mail, ami In addition,
after 1990, a fund toward the redemption of the debenture Stock. The
company will ha\ e the rlirht after June 1, 1914, to purchase the Mexican Eastern Ky. by redemption of debenture Mock. V. 73, p, 1 868.
in.;
l
other Income. r vear.
27. (Mil); taxes, 841,777; dlv (5 p, c
Is at
In 1892 an
p. c per annum havi
A or bond* im
extra lO p. e. was paid; 1n 1 896 an extra r
/(«* I, land On. above— (V. 74, p. 1197, 1253; V. 7
.VcIhmco Hrazon A Northern Kt — '.<>>' "
\'ela»t«o,
jo miles; extension from Anchor north to Dallas, ain.ui
j'.u mllee, wa^ repoite
108, "f which
71) mileunder OOnstmotiOn and aoOUl HO miles of b
iiy i, 1901, of the V'nlasoo Terminal Ry., foreIn K.
May 7. D»0l BtOi k author00.
'
>
Organization.— In 1896 reorganized per plan In V. 62, p. 864, In
Mexican dov't secured control. V. 78, p. 7;t3, '.hit. 881.
In May. 1908, the National l;l: of Mexico arranged to aci|iiire from
the Mexican ;o\ eminent (he je 1,000,000 second debenture stock, this
with other preference and oommon snares owned giving the National
V. 7('> p.
co npanj pi* ot leal contn
198.
<
1
becukitikh.- on Dec. 14, 1900, 81.800,000 ol 4
p, c. 8d debeatara
authorized. Bee circular, V. 71, p. 1120, as to rights, etc.
Of the second debentare stock aiso.ooo wan cold to the .-hareholders
and 81.000.000 to the Government of Mexico at !»0'm per cent, to retire
the sW3.\3'.ii seven per oent ' A" debenture stock called for payment
on Mar. 31. 1903. V. 75. p. 907, 981: V. 7ti. p. 888.
Kakninuh — July 1 to J une 13, 1808
1 »4 months) gross, * 1,979,97 0,
against 84 ,084,858 in 1801-02.
-\rl.
tlront.
t\et in Jt.
Year tntttd June 30:
£"?:
(Mex.) 88H3,9?>3
1901-03
(Mex.) 81,8 1 2,* 81
(Mex.) 898,884
100.983
1900-01
Mex.) 4,2U,0'«6
wlih
Net revenue ax-count for 1901-02 showed £20.319, which,
on hand left, after distribution of 2 7« p. o. to "A" debenture .stock, a
balance of £20 tocarry forward. 8ec.CE. Seruhv: Treas. H. Frlederlehsen. 9 New Hroad 8L. London.- (V. 75, p |9sl; V. 70, p. 382, 1192.)
TlfXlniii Hallway, Limited.— City of Mexico to Vera Cruz,
864 miles; Puebla branch, Aplzacoto Puebla,28 miles; Paohuca branch,
OmetiiM'o to I'achuca, 28 miles; total. 321 miles.
Organization. — Incorporated Aug. 20, 1864, as Imperial Mex. Ry.
I)ivii>KNi.son } 1897. 1898. 1899. 1900. 1901. 1902.
1903.
i
.
•
uiihority to Issue 8200,000 boi
l!<02-03, gross. $17. 0s() deficit under oper. exp.. 14,
\Vaiier; Vloe-Pres and
\. l.i-oo, Tex.-(V. 73, p. 1118; V. 74. p
For
7.
v.-ar
:
A
13
—
)
'A' trr. n t,,
\\ arren
I ortlran* Pacific IC >
impw ood.Tt-x
20 miles; extensl n proJecte<l from W.irr. n
,.
about 150
miles Stook, $100,000. par of share-. |100, In tfoi 1901, application was made for authority to Issue bonds at |15,000 per mile
Preei.ieiit, .1 ,T Campbell of Houston, Tex.; Treas. and (ien
Man
L
Campbell; St<cretarv, V. W. McNeil
For year ending Ju
gross, $24,258; def. under oper. »xp., $14.346.-tV. 73, p.
.
i
,
t
,
.
I
\Viohl iilMoii t'oiinty R It.— Owns Washington Junction, cm the
Maine Central Railroad., northeasterlv to C
103 mllftn.
with branch to Bastport, 18 miles, and Princeton, 19 miles, a total
length of 137 miles. In May. 1908. foreclosure suit was br
the road when reorganized. It was believed, to become part of he Boston iV Maine system. V. 7H, p 1144. BtOOk, <-oininon, $l,5(K),O00.
The preferred, 8500,000, 5 p. o. non-oun
owned by Wash'n
- taxe*.
County. Vear ending June SO, 1902, g>
i.
Frederick W. Whlt882,909. In 1900-1. grosredge, Pres
Sept., 1909,
1.
«•
,500
;
861,446
.*>
<
:
171
59 Wall
.
New
St..
York.-IV.7fl.
11-1
481,
p.
I
WasliliiKlou A Franklin Ry.— Hagerstown, Md., to Qulnsonla,
Pa., 1437 iulles; was built In 1898 and extended from c^uinsonla to
Zumbro, 5 miles. The line is leased to Western Md. at 5 p. c. on cost.
wtock, $150,000, was Increased for Improvements authorised in
mnrt
Apr. 1901 estimated to cost $78,750 In Aug.. 1901, madfl
the Heading Tru-t Co., as trustee, to
175,000 tlrst
mortgage S per cent gold bonds, covering he A tenw aid cut off of the
Maryland. -(V. 72, p. 876; V. 7<>. p, 478; V. 73, p. 392.)
Western
-
l
I
'-.i
took was
1
I
HU
u
26, „
2>4
87«
Mnf.ll
L«a
3»e
3*a
Jan. 1 to Dec. 87, 1908, 1 fa months (Mexican currency
For \ear 1901, gross, | I,4u2,
gross, 84.998,000; In 1901, 84,305,700.
298, ag.un-t 84,489,135 in 1900; net above operating expenses
51,633.878; total not revenue. £i64,287; deb. Interest, 8120,000;
lstpref. (p.
i:
o.) I
MiSiscs
1
)
m
p. o„ £38.311.
Secretary, John T. Dennlston, London, Eng.
It.,
Broad
St.. E.
mineral
O.— (V.
45
olllces.
New
66. p. 1001.)
Ha line Hit.— Houghton,
Mich., to Calumet, Mich., 14
miles; south
miles, opened
Deo. 24. 1900; trackage, 26 miles: total. 127 miles, all standard gauge.
History, Kir. Reorganised In 1891. On June 1, 1901, the Hanoook
A Calumet RR. was n erged (V. 78, p. 785). In jreag 1895 paid dividends 10 ^ p. c.;ln 1^9t'>,7 p.c.; 1897. 7 p. c; 1898. 3»s p. c none slnoeto
1903. In Mar, 1903. authorised stock was Increased to $1 200,000;
Hancock to end of traok, 27 miles; branches, 24
Range extension, Keweenaw Bay to Rlddlet Junction. 38
;
outstanding, 8928,400, par*i00.
Bonds.— Consols for $7,000 are reserved for 811,100 old bonds.
Of the 8598,000 outstanding, +339,000 are 5s; the Canadian Pacific
on June 30. 1902, owned the remaining +2.". 1,000 (which are 4s), and
the $l,00O.Ot>0 general mortgage 4s, both of which It guarantees as to
interest. V. 7r>, p. 654. Bee V. 73, p :>">t;, 816j v. 73, p. 785. Of tonnage lu 1801 73 p. c. was ores and mining products.
EARNiNOS.-For 11 months ending May 31.
Grots
\<t.
Oihrr inc.
Chargr*.
i:<ila*rr.
11 mo*.
8100.413 def $12,693
1902-3.... $510,123
82,405
691,815
sur. 7,295
95,3m
1901-2.... 54^,269
818
88 825
Report.— For year ending June 30, 1902, gross, $592,648; net,
$89,715; Interest, etc., $83,542; surplus 86,178.— (V, 73, p. 785.)
iTIiixiiiln*' North A- south It It. M uscatlne, Iowa, to Klrlck,
on Iowa Central, 28 miles, with which has traffic contract. In March,
1903, Charles Howard was appointed receiver. V. 7rt. p. 0.">4. PoreYear
closure sale set for Aug 19, 19<>3. Stock, $450,000: par, $100.
1901-2, gross, $48,522: net. 82.974; onarges. $25,148. Pres.. Walter
—
& YoushloghcHV Ry.—Owns from Char
:
;
Dividends— In 1895, 4
1896,
p. o.;
lip. c; 1897. none;
H
nan
1898,7 p.c; 1899. 1 p. c; 1900,4p.o.; none since. Of the
are guaranteed (endorsed) ny Pitts. Cin. Chlo. A St Louis, the other
half by the Pittsburg A Lake Erie. 8ee guaranty, V. 56. p. 650. The
$309,000 first 6s were paid at maturity on Feb. 1, 1902, In cash bor
rowed at 4 per cent per annum. In year ending Dee. ;-u. 1902, gross,
$343,310; net, $134,656;
Int., etc.,
Ohio River A Wmirru
It
$42,243; bal
v.— Owns
.
sur., $92.4
1
Bellalre. O., to Mill
Kun,
Rock
I
2,
l£
frtim
Book Island.
159.)
111.,
afeci lonery
Allien.
Ainer.
;
.
n
II
m
l\
«me
70
-t,.iiinshlp..76
73
American Lime a Stone,
7*
Amerloan Lumber
AmerJslutosoope ABlograph.70
American llice
TO
Amorlenn School Ki.rniture..7rt
American Screw
75
American Sparklets
71
Amer. Woodworking Macn..73
Amen Shovel
Armour A Co
Associmed
xtlat
Oil
78
76
"7
Co
75
75
76
70
70
017
tM
68]
586
11 as
140a
an
Ibrlm I'aper Mills
Borax Consol. Limited
Borden's Condensed Milk ..
70
Boston Quicksilver
Urn Ish oiiin Ma I'sck. A»'n.7H
70
Brooklyn Borough Ua»
Light. .73
Brooklyn Oasa alec.
<
Kuflalo A Susquehanna Iron.76
lluue Kleclric A I'ower
73
70
I Biro. Corp
~~
Furniture.
71
Vmcnca
'
(
—
90*
1083
1-1
e&e
aaa
P<4
SJB
7ft8
7'l
<1
180
764
Central Oil
1
...7rt
bid *o Kiiiiwar Squlpment.*0
natl Kdlson Rlecti
Cincinnati <ia- A Ele trie. ...77
Chic Brew. ,t Mult... .77
<
I
Brew. .76
Columbian Blec.CarL.AB ke.70
70
Colnmbmi (O.) Bdlson
( mpiitlng Scale of Amerlca.7S
Bphone of ivnu...73
('ontineivtnl Cotton Oil
70
ental Ky Equipment. .70
on tra Costa Water Co
78
i-ky
(
Tramp
.
MilbneA Kxport
Kodak
1146
1013
1013
Bros., l.im
111
-
.78
X9.<
7s
1251
75
5M
1
ig.u-r
1
-
•
1
1
Co.. I>aterann..7n
Land Credit.. ."d
sit
Pennsylvania Furnaos
Penna. Sugar Itettnlng
I'll: -i.urg Brewing
Cuttas
I
River Telephone
Hlver Water Power. 7d
* Telpg
73
tu
ISM
—
1
Pittab
Valve A Const r
75
70
70
7«
74
71
72
7n
Quaker Portland ''fraent
70
Radrosd Kquipmem
78
76
iy Automatic Sales
Machine.. 70
78
St. Joseph -toi-k Yards
St,
Oil
«.
I
San
Fl
Brew.Co.71
70
...
Falls A Wh. Hit.
S..ne-r- Bl
Siiriigue Fleet rlc
..7«
Pow.75
7d
I
74
Soring Valley Water Work*. 77
7*
hinery... 78
Cur
,ni Typewriter
ird t'ndergr- undCable.'O
n
«
(John
Co
H.i
70
77
Power
CarLlne.76
07
Kt A Ilium. Prop
Susquehanna
Iron
A
-
137
m't. 77
KM
108U
-77
73
"5
W3
New En«.70
137
v
K.-ui-
Ijumhlln
Krrn
k.'
\
''
I.'ncoln Gas A Kl-clrlc
innville Lighting
Manhattan Oil
1088
7ve
r
-
HT....7X
74
5
1
Paper
n Shec
...72
7»
.
77
T*
72
l:i:<
I
Manhattan Transit
98
IS'0
6(«
MO
m
g
7fl
73
160
87
9*0
..
...
<
otype Machine. "5
10M
75
70
ins
.
•
209
160
1X57
40
-,-
Inrai descetr
i.omtier
93
488
1208
1147
444
384
1809
il«blng
Kanawha AH01
107
1148
..75
I'nit-
...74
St. el Co.. .'0
88
977
860
767
«er.
!«'
MM
«7l
1015
AChem.'O
790
1015
870
698
814
80
1096
Steel
"tei-l
9-8
fl
1148
40
289
760
100
229
1043
Shilllto 'Johnl Co of Clncln.09
standard
861
Yards.. 74
Pa< king
«t
166
970
1358
rop.74
V Klec
77
-
Sharon
]>5«
79
v.. Petroleum... .75
7^
r\
I'ker Kefrai
Harper A Bros
75
in <>U
.... 75
74
ilcajro.
'
I'.-.r--
91
J
1306
1
)
4S1
494
91
7ft
018
346
488
878
900
249
662
90
36
-
>
>
<
3f3
76
Telephone
.61
truck
1190
e9
A Ontario Land si-p Jan. ,1900
71
1123
Penn. Tei. a Tel
1306
Now York Shipbuilding
76
n.
99
uburban water. .74
rl
248
North. Ala. Coal, Iron A Rv..78
B9t
Nor'h An:er
unit..rA I'ulp.'rt
•70
No's Bootta Steel A Coal .. 70
97«
-tup
70
1367
flH4
Uoiille^-Hauern. Straut Br'w.70
Norihern l J ap?r
7o
n
J-9
77
74
I
>n
1«W
187
77
.
S40
lxr.a
A
Pitta,
70
Fleminirton Coal A Coke
luctlon
1
a Dry Dock
40
1358
ues
N. Y.
991
I'neuniatlc Transit
h'alrmont t'oal
Sugsr HetlnlnK
Fowler
74
Light ..8t Rv
;> Building
70
ma
New Vork Auto
N. y.
Pure
Jl"5
Klectrtc Corporation
il
a
....73
1-7
70
70
09
70
Ill
75
76
Ico
Steel
ol.
Iron
Zinc
New Orleans Oas
729
...78
>1
n
New
New Haven
New Jersej
74
St. el
Hanvi
anion Stale Steel
Deere A Oo Mohne.
Denver Onion Depot
111
'
i'HKsaic St c.
1117
73
1
I
1411
119
I
79
13U
77
A<:< ke
-on Steamboat. .71
<'<>al
VallBJ ^'.-.-lA Wlre.7d
Monoiigahcla Light A Power
7n
Montreal Llgl •. 11 \ f
70
Moaler Safe Co of Boston
7rt
Natli
ItM
70
National Fireprooflna
National Gramopbi
Nat. Roofing a Corrxmatli
Natl mat sugar Refining
08
National Typewriter
njlland Brick
78
01
67M
1
Central
1,77
Mohawk
1
393
I/!ft*
I
141
771
•
114ft
1
4
74
I'aclc
Atlantic Trannport
Halt more Brick
1087
1356
I
r-i>:
.
460
loS
72
.-legraph."fl
Michigan TPlepbons
77
Milwaukee A Chicago Brew.. 70
114
7H
71
7rt
Mining
ll
lute
?•>
"'i
71
A met Kler. Keating.. Sop. July 1H9«
7fl
American Oral h o-phone
to
111., 91 miles
R. I. a- Mercer Oountt KK.. 82 miles: branch, 5
miles total 118 miles. Leased by the Chicago K 1. A Pacific for999
years fiom June 1
902, for fixed charges and « per cent on the stock.
In Sept., 1902, the Ohio. R. I. A Pac. had acquired by exchange, share
Peoria,
-<
18
I'.ine-l
-
l
W. R. Mitchell, Bo.-t.- lV.75,p.J
Island A Peoria Ry.— Owns
>
Manhii'
Maiiiifacturci ltuiiher
Manville Co
'
I
O.,
klu
»07
A
BB
Cement
an
iufi. f
3.
Ill miles, three-foot guave; trackage to Zanosv lie, 1 mile Also own-.
majority stock of International Coal Co., holding 25.0OO acres adjoining road. Bo oessor Jan. 1, i903, to Bellaire Zanesvilte A Cincinnati
RR. Tubes andard-gauged and operated by -team for freight and
electricity for passenger business, stool, oommon, 83,000,000; pref.,
6 p.c. non-enm.. $2,000,000 par of sliares, $loo. Bonds are subject
to call, lu or alter 1!»08 at 110. V. 70, p. 48. 102.
Latkst Earns.— 11 mos., > 1902 3 ...Cross, 5-179, 376; net, $60,383
July 1 to May 31.
165.711; net. 31.546
( 1901-2. ...(iross,
In year enflng ui.e 30. 1902, old co.. g
Pres., Arthur E. Appleyard, Boston; 9eo., W. R, J omerene, Coshocron,
O.; Treas.,
Brake
Foundry
.11
Beecnmont, 19 m. trackage (Chartlers Ry.), 2 m. 21 miles in
Btock outstanding, $700,OOO, owned jointly by guarantors men-
tiers to
all.
America
(V. 76, p. 054V)
Plttnbure Chartlers
tioned below.
P(U)l.
7H
ConsoL Coal A Ir..n
Alabama A Oeorgla iron
Alabama Steel A Wire Corp. .75
Al».
I
London
miles;
M. Oorham, Phila.
INDEX TO ADDITIONAL COMPANIES.
60
09
70
"79
1142
196
52
1
1301
484
.
Jb
. ...
..
..
.
NEW YORK AND BROOKLYN BANKS.
Capital.
|
Compaq ces
Amount.'
$
Par|
New York
America'
Am. Ex eh
.
.
—
Bowery*
Broadway
Bronx B rro*
/
"...
100
Citizens'...
100
City
Colonial"
1(10
LOO
100
...
Columbia*
.
Commerce p LOO
100
Oons'I
profits.
t
Corn Exob 100
East River.. 25
'
100
100
00
Fifth
100
Fifth Ave*.. 100
100 10,000,000 13,1 7', loo
Firet
Fourth
100 3,000,000 2,90 1. 00
14th Street' 100 100,000 102.000
1,000,000 2,14s, 300
Gallatin ....
57,100
Gansevoort* 50 200,000
Garlield
100 1,000,000 1,301,300
Germ'nAin.' 75 750,000 493.800
Germ'n Ex.* 100 200,000 658,800
Germanla*.. LOO 200,000
Greenwich*. 25 500,000 515.700
Hamilton*.. 100 200,000 1 <0,8 '0
Hanover .. 100 3,000,000 6,39o,800
Imp. A Trad. 100 1,500,000 6,62d,600
.. ...
100,000
Int«rnat'l*. 100
Irving
50 1,000,000 1,072.600
Jefferson*.. 100
400,000 239,600
Leather Mfr. 100 600,000 554,300
Liberty
100 i/l. 000,000 (/l, 858.000
Lincoln
100 300,000 1,284,100
Manhattan * 50 2,050,000 2,376,900
Mkt & Fult. 100 0900,000 1,102,100
Meohanlos'
25 2,000,000 2,768,500
Mech. <fe Tr * 25 700.000 360,s00
Mercantile i. 100 «3,000000 4.459,600
Merchants'
50 2,000,000 1,407,200
Merch. Ex.. 50 600,000 336.600
Metropolis*. 100 1,000,000 1,413,000
Mt. Morris". 100 250,000 112,500
Mutual*
100 200,000 191,700
Nassau*
50 500,000 304,900
N. Amst'm.. 100 500,000 .-92,600
New York.. 100 2,000,000 2,465,500
N.Y. County 100 200,000 635,000
N. Y.N. Ex. 100 6500,000 393,700
Nlne'thW'd* 100 200,000 194,600
N. America 100 2,000,000 2,070.600
Northern ... 100 300,000 219,800
Oriental"
25 •600,000 842,«00
Pacltto- .... 50
422,700 588.600
Park
100 r3.000,OiK> /• 6, 867,400
People's*
25 200,000 393,600
Phenlx
20 1,000,000 330,900
Plaza*
100 100,000 23 >,400
Prod.Exch/ 100 1,000,000 486,500
Riverside"
100 100,000 108,300
Royal*
IOO 100,000
5,699
Seaboard
100 500,000 1,31 4,000
Beoond
100 300,000 1,281, »-:oo
(t.
Seventh t.
100 2,500,000
Shoe* L'thr 100 1,000,000 363,200
State"
100,000 492,400
100
34th Street 100 200,000 202,600
Twe'f.Ward' 100 200,000
99,100
23d Ward* 100 100,000
g (.••oo
Union Ex.". 100 75 i.OOO 375,000
United
100 1,000,000 208,600
Varlck*
100 100,000
60,400
Wash. H'ts.' 100 loo.OOO ll'i.^00
Western p. 100 10,000 000 3, 2-17,500
West Side".. 100 200,000 509,600
YorkvlUe" .. 100 100,000 265,200
Equitable.
.
Federal*
Fidelity*....
">
. .
.
.
.
.
.
.
Rrook 1)
100
100 200,000
100 •clM>.000
50 300,000
50 300, OOO
loo.ooo
100
100 .-100,000
loo 300,00
30 252,000
50 500,000
loo.OOO
100
100 3O0.OO0
loo
100,000
50 100,000
100
100.000
100
200,000
100,000
100 200,000
100 loo.ooo
:
Borough
Broad w'y'..
.
Hrooklyn*..
City
Con.I.&u H
Hth Ward*..
First
Maiiufae'rs'
Meo'nl'
Merchants'
NasHau
Nortli
Peopl.
17th Ward*.
u.
Wallaliout*.
».
1B08,
A
OC
&
<fc
r.
J.
.
and
1
10
20
Q.-J.
q.-F.
P.
&
,1.
10
J.
<fe
J.
J.
J.
j.
J.
J.
.r.
J.
j.
a
&
<t
8
None
6
7
6
12
&
&
& D.
& J. tfone
M. & N.
8
Q.-J. 100
10
J. & J.
J. & J. 150
Q.-F. None
J. & J. Xone
7
J. & J.
Org. In Apr.
10
J. & J.
Q.-F.
8
13»2
J. & J.
10
J. & J.
J. & J. None
A. & O.
6
J.
j.
J.
J.
luoa, Twi-iiit -ixt'i
.
7ii.
p
',
to $1
v. 7-.
|.,
L8.
V. 07, p.
275
7
8
;
J.
J.
12
j.
J.
At
&
J uly 03.
12
us.
M
BeeV
12
J.
8 ..000 r.
&
&
1
10
16
6
16
N.
8
a. None
1
70,300
J.
A
V
1331;
5
p.
7
I.
1.' '-'.
l
\
„
1..
*
>.ii
-.|
10 furl
\z*i. t
.
1
>03.
1..
in
.
Ap
.1
11
,:;i
|.
\-.7..
2>«
,
Capital in-
app
1
1,
11
..
1
.
state.
500,000
I
.
\., v
v
;&, p. 10118,
.
p. 137U;
V.7<1, p. 468.
from ta.oOO.onn
.
Brooklyn.
Brooklyn
Flatbush
Franklin
Hamilton
Kings County.
100
100
100
100
100
Longl.L.&Tr.. 100
Nassau
100
Peoples.
100
WillianiRburg 100
d
i
Broadway and Seventh Nat
M
-ituckholilerii au'horizi'd
—
In
increase to eapll
An.-.
03.10
June,'03. 3
June,'03 5
V. 75, p. 422.
J uly, '03. 17
75. p. 114.
July, '03 5
June.'03.10
131, 1227.
June, '03. 8
.Jun-,'03
5
V.74.p.917,133fl
Jiin-,03.20
Au»-.,'03. 8
Juue,'03. 3>«
July, '03. 5
June,'03. 3
June, 03 3
July.'03. 2
'02. V.74,p.657
July,'03 12»«
oils Cos.
July. '03.25
2. V.74,p. 797
July, '03. 3
1378.1331.
Q.— M.
June,'03. 4
Julv,'03.«3
J uue,'03 3
q.—V.
Q.—F.
Aiii.,'03.
&
J.
it;
J.
Mav,'03. 2
2i«
lulv,'03. 2»«
lug.,'08 3
Q.—J.
& A.
F.
M'thly.
.liuy,'03.
J uly, '03
Q — J.
n Feb.. 1903, cuiiitul Increased to *3. 00,00 anil surplus to fS.ooO.OOO.
311; V. 75. 3.137'-.
(, See V. 70. p. 244, 685. 731.
1
2
V.
7fl
NEW YORK AND BROOKLYN FIRE INSURANCE COMPANIES.
Capital..
COMFAMIE8.
!
Amount.
Par.
Com'nw'ltb
100
100
100
100
100
50
25
15
50
100
20
50
100
50
25
25
20
50
25
25
10
50
Continental
Empire City.
|
German Am.
j
Ger.AUlanoe,
Germania...!
Greenwich
Hamilton..
Hanover
. .
i
Home
Kings Co
Nassau
New York...
Niagara
North River.
Pacific
Peter Cooper
Phenlx
8tuyvesant
Unlt'd States
Westchest'r
W'msli. City
*
Jver
I
500,000
DrVTDKNDS.
.Vetsurp.,
Dee. 31,
1902.*
1900. 1901. 1902. Last Paid.
6
25
6
30
349,188
1,000,000 5,71 8,962
200,000
9,272
1,000,000 4,695,881
400,000
6
25
25
None
30
30
463,564
6
10
10
8
10
10
10
6
8
6
14
8
5
10
10
10
10
10
3
3
8
7
16
24
185,720
39,009
846,653
16
24
5
16
24
1,000,000
3,000,000 6,436,039
200,000 103.192
200,000 24 2,063
200,000
66.846
500,0ou 1,104,937
350,000 210,294
90.ri68
200,000
93,304
150,000
1,000,0001,758,155
200,000:
16,786
86,405
250,000
10
10
300,0001,215,219
250,000 1.201.137
all liabilities,
3
6
15
10
6
8
13
5
10
6
15
10
6
1,000,000 2,542,884
200,000
150,000
6
5
10
6
16
10
6
8
11
5
10
%
July. 03. 3
July, 03.15
July. '02. 3
July. 03.15
July 03. 5
July. 03, 8
Jul. '03. 5
July '03. 3
Jul/, •03 5
July. '03. 7
Dec. •02. 5
Julv. 03. 5
Feb, 03 3
July, '03.10
Apr. '03. 4
Nov, 02 10
Aug 03. 5
July, '03. 5
02. 3
July, '03. 2
Feb. 03. 8
July •03.15
Jan
ineludiug re-lusurance, capital and sorlp.
GAS COMPANIE8.— SEE ALSO MISCELLANEOUS.
Companies.
Par.
I'ref.. non cum
OoL Gaa, i-t M., g,
Con. Gas (N.J.) Stk..|
i-t
I
mortgage
M. $7,500,000
100
50
5%g
L,
<;.
0.
]>
81
loo
l.ooo
25 Ae
h
1,000
Mun'lGaa (Alb.N.Y) LOO
1st mortgage, g
1,000
loo
Roon'Bt'rG.4 ELoom
LOO
Preferred
1 -t
rolls, nmrt
1,000
2d M., opl 1910 1,000
,0"o
lmpt M..
p
eon. giild
—
I
Mud
St, Jos.
|
Mo
Reg.,
K-i:
I
lr-t
April,
J.
,v
.1
15.HOO.I.
A
J
2,000,000 Q.-J.
2,750,000 M. A S
A-
.1
O.
A.
&
'
I
8
Juuel.V'03, 8
D
)Q
l>
.
1932
Jan. 1.1936
Jan. 15. 1914
5
6
(t)
(t)
6
6
Apr.
1920
1. 1953
O.
10
a"
4
5
5
2»a Iuly20'02,2»i
Apr. 1. 1926
t>
V. 71. p. 392.
6
Julv 1, '(> I, 4
8
6
loo.OOO AiO
6
B00.000 .1. A> J. 8
2.900.000 M. & a. 6
2,000,000 q.— F. 10
oo. I. .V J
6
6
..ion |.\ & A.
6
5
2,000,000 M
'.'03,2
Mar.
1.
1037
6
L910-1830
10
6
Vu--.l.'03.2i*
lulv 1, 1906
Ap. 15/03,11*
Feb L,'03,3
V..\. 1. 1912
iy
1.
li*
Apr.
1,
1,
6
lulv
1,
4»*
1,000,0
700,000
a
6
5
A
J
..
J
100
.
20
g Vnr'.i
R
Vat's
000 Q
850,000
A
600.000 J A
2,714 000 H
I
J
.1
2.600.1
000
800.000
A
.
J.
A
J.
J.
J,
1920
1921
1942
1937
.01,1
l-
1915
July 1. 1918
Mar. 1. 1944
6
M.ivl.'OS^lt
LB
02-27
6
-H 29
......1 one 1,'08
maturit v on noruU.
See paire 170.
Thin column shows last di\ Mend ou flock*, an 1
eontrollod liv Ainerieaii LAghl
in
laaued as IOO p. O. dividend on stoek. See V. 70.
Now
1,
5
.v
<fe
.
7
6
5
O.
250,000 J
310,000 A.
400,000 1
).)0
•
&
6
1938
Mar.20,'01, 4
M
I.Mk.
•
I
&
X
•Date.
A or.
D
1,5)0."
onrrenoy... 1,000
L,000
lot M
l.ooo
Gen. mort gold.,
Waah'u \p.(
2 15,000, J.
L.000,000
971,000.1.
"08,
5
.iy
:.
I
i
'01
$650,000 A.
(1)
.lurk iMu-li.) i.a- Stk
50
1-1 M. 5s. g
1,000
1st m. 8a, -Deli., erlb,g.,6
p eri ori
1
'1,000
Madlaon (Wl8.)G4El
<
afloat.
A O.
1,700.000 Jan Mar
100 3.600.000 J * l>.
foil M., gold....,
L. Hr. L'g lht M. 6s. 1,000
Indianapolis Gas
Dividends and Interest.
Securities
Blngh. (N.Y.) 1st M.. $1,000
Coriuu'B(0.)O.L&lI.
100
t
_.
74.p757.9fl6'
p. 77.
.
.
Q—J.
1,000,0001,896.388
200,000 140,116
l,000,000l,531,43>
500,000' 891,958
500,000 1,202,130
1,000,000, 1,40 1,004
500,00q 500,801
1,000,000)1,507,308
700.000 533 74 1
V
6 June,03. l»t
lv'0 _'.V.75.p.9, L2
•*5, p. 1231.
June,'03. 4
M
Lsl M..
J i,.-oo,o:)0. V.
from V' " <hi to
V 78,
8
10
I
.
%
Last Paid.
July, 03. 10
Julv,'03 15
Aug., '03 4
J uly. '03. 5
8
M
.Mt.l'.iMliui.K.
1.,
y '02
60
Q— M
.
\v.
80
Dec, I'M, Fifth Av... u.mk and
ounanii :i'.i with Meohat
|
.1
'02.
ness April. 1903.O
July, '03. 3
511.981 iOrg. in 190 2.V
Enuitatiled
'/3.OO0.000(/^.T7-i M5 J * l)
....
6
Farm. L. & Tr.
1.000.000 7,022.678 Q.— F. 35 40
iitli Avenue
L,000,000|l,287,4Se
20 17
(;iiar.Tr.,N.V
•'110,000 5,414,147 (^ —
20
12
Guardian
IOO
500.000 529.0-11 Beg bu s Ag '02.;
Kniikeilioek'r 100 1. 000,000 2,289,021 .1. A J. 7
7
Lliieolu
100
500, 000 500,000 Org.
ar'O 2 V.
Manhattan
3011,000,000 1, 945, 054 J. <S J
6
MeVJear R'lty 100 500,009 503,102
M<-naiitile.... vlOO 2,000,000 .5,985.312 Q.— J. 25
30
Merchant*
100 500,000 1,442.976 See V. 89, i>
M.-tropolitan 100 2,000,000 5,524,628 J. & J. 10
10
Morton
100 2,000,000 6,012,366 Q.—
15
Mut. Alliance. 100 500,000 501,222lBeg.bu s.J'l v,'02
»o
N.Y.Lf. I.&Tr 100 1,000.000 3,944, 306! J. & D. 40
N. Y.8ec.&Tr. 100 1,000,000 4,231,870 Q.—F. 20
29
No. American. 100,2,000,000 3,078,980^. & D. 7
10>*
Heal Estate.. 100 500,000 04 1,37.8 J <k J. 8
9
Standard
J. A D.
100 l.OOO.Oii'
6
6
Title Gu.ATr. 100 4,375,0003.986,142. l|.—M. 12
15
.itO.0003,214.822, <4.— J.
of Am.
7
7
Tr Co. of Rep. LOO 500,000
15,149 Beg bu s A pr.l
Union
100 1,000,0007,542.22^; tj._j. 32 40
r.s.Mort.&Tr. 100 2,000,0003,009,439!See Mi seel lane
United States. 100 2,000.000 12053. Oi J. & J. 50 50
Van Nordeu.. 100 1,000,0001,137,671 Beg bu's. M ar.'O
Washington
!
LOO 500.000 932,209 Q —J io
Windsor
100 1,000,000 5j0.4S7 V.75,p .9. 7 11,
LS1
1.
Nat.
Empire
Mlnneap.
National Bunk of Ciiniin
!3,')00.00
V 7fl, p, 111
iDcreaae caniiul
Tdo
P.
V.7S p. 1008, 1232.
from 9600,000. v.
V. '1.
3
July'03. 2i«
banks.
11
..'() j.
'io7.
July '08
5
lof 1,00 1,000.
tin-
74.
J.
88, 1908. tor sou.,
Keb
All
'<
Julv'03. 3
<;
V.75,
M.v
May
8
8
268,200
76. p. 138
Julv'03. 4
July'OS. 6
May '08. 5
Bstab. 1895.
OS. 8
July'OS. 3
it;
7
160,000 M.
Eastern
6
.
10
10
<fe
.
'01.
1,000,000 502,851 Begin ibusi
2,500,000'2,746,96
700,000 400,013 Beg. liu B.M'
2,000,000 7,842,202 J 4
1,000,000 13068373 Q.— J. 80
1,000.000 1,090.7'.0 P. & A
..
1,000,000 1,463,318 .1. Jc J. 10
1.000.O00 3,279,009 Q.— M. 7>«
1,000.000 951,929 Beg.bu s.Ju
July'O.. 5
531,300 J. & J.
391,700 JanM'y
45,900
053,90" I. A J.
J.
.
Cent. R.B.&T.
Central
City
Colonial
Continental
.
V.76 p. 1277
July'OS. 4
J> 307,753.
July'03. 6
20 July'03. 4
May '03. 3
18
10 Feb. '03. 6
10 J u y'03. 5
July'03. 4
8
3
July'OS. 4
7 July'03. 4
7 July'03. 3»a
July'03. 3
6
12 .l'ue'03. 6
None May/OS. 4
See V.74,p.706
8
May 'Oi 4
24 J uly '03, 8
10 July'03. 5
50 July'03 2 5
Aug. 03. 2
6
None Jan. '97 3
8 July'03 4
02, V. 74, p. 1065.
10 July '03. 5
\ug 03. 2
8
15 Julv'03. 8
10 July'03. 5
None July'OO. 3
Apr. '03. 3"a
July'03. 2
Q.-J.
8
V.75, p. 16.'.
J. & J.
6
6 July'03. 3
J. & J.
12
12 July'03. 6
J. & J. None |None Jan. '01. 3 1*
Q.-J.
4
3 July '02. 1
J. & J.
18
20 Julv'03. 10
Beg bu H.OOt .1902 V.75. p. 771.
J. <fe J. None
6 Juh'03. 3
5
F. & A.
Aug. '03. 2**
5
Beg. bu -i.Jun e,'03. V.76.p.l332
Began b ualne as No v *0l.
Began ualne ss J a n. 2. '01.
Beg. bu s. Sep t'Ol; V 73, p 422.
None None Jan. 04. 3
iniT'iaaud to *>:••'
K84,
1
8:8; V
hi-
July'03. 3
Julv'03. 5
July '03.10
Ma y.'03
18
10
10
A.
.,r
in Deo.
May 03.10
May '03. 3
6
6
,
1
''
Auk.'03. 3
July'03. 7
20
1
>,00'ito$il60,oO'i.
00 i, and niirpl us
\
of Ho. .M.i. ,o
SM6; v 76 |,
ihhi
Jue'03 3
6
13
J.
8
8
>Tg. M;i r.'Ol. V. 72
10
J, <te J.
10
from |20
in
uU
$1'
20
8.
Q.-J.
lattoi li
Cupiiui increaiieil in
tlo. 'hi
Ju.» '03. 3>«
tlay'OJ. 3
Vpr.'OJ. 6
Feb. '96. 2i<j
7
6
12
^0,000
'•
Junn 1008,
Hi; v .7.-., p. 11 :i.
p. 81. 77. u. 7,
banka merirxd wltb tbe Mei
0,
July'O
July'O*. 5
5
10
20
.1
& J.
bu
& J.
Beg.
ink oonaolldated wot,
ill
r
2
12
6
6
18
6
6
J.
ie
Jim.-.
1H81, 13-s.
100
None None
N.
A
a
s.643.
8
1
N.
1.
-
Keb 03. 7
12
loly '03. 4
-';
V 74. p. 1119.
v-,19
us.Oe t-02; V.7 ., p. 884.
71, p. 735. .147.
Jul. '03. 6
12
12
J.
M.
SI
1.
ay'08 V.76. P. 051
7 1.87H Org. In Apr., 1902; 7.74. B
310,900 J. A J. 10
10 .In \ '03 6
Julv'03. 3^
165,000 J. & J.
7
7
595,0 '0 J. & J
14
14
July'03. 7
28,478
V. 71
p 73. 808.
pltul
It
V.75
12
8
A.
1.
Broadway
03.10
12
12
OS. 4
16
16
s. A|i r '03. V.76. p.1006
150 150 Julv o3. 25
6»*
6 July'03. 3
4
6
6
97. 5
None None
J ill V '03 4
8
8
8
J 111 V '03. 5
8
Q.-M.
V.
Howling Gr*n.
Jan. 'U3. 6
1
100
100
100
100
100
100
100
100
100
100
100
25
100
Bankers*
,
y,'02;
Prottta
5
Juv
Iden
ipital
t.
Capital.
July'03. 4
8
V. 72 p. 755.
8
r.'ol
lxxvii
Anar. i, 1903.)
Surplus & uiviiiKNiw paid In '01 and '02,
Unoiv'ed
and also last dividend.
Par Amount. J'ne3003 Period.
:;
Aug.'o:s
9
12
[Vol.
Chronicle Ja'v 25 aid
Companies.
None None Jan. '00. 3
A.
F. A-
May '03.
20
12
12
100
100
.r.
7
A J.
\i. A N.
6
12
A. <fe O.
Began b
National, an«l
r..i
8
I
G..-J.
'.
voted
7»*
tnX).n U
lr .uj
%
St
July'03 10
May '03. 4
17
15
11
Atlantic
Jane
Period. 1901. 1802.
j
$
Q—
.
es't
M
1
.
(Detailed statements in
Dividends.
65,000
50,000
Ill, •00 J. & J.
800,000
011,200 J. <fe J.
1,000,000
53.200 Org. An
100,000
1,000,000 3.690.500 J. <fe J.
450,000 1,079,200
1;
50,0
100,000
300,000 7,458,100 Bl-m'ly.
671.000 J. & J.
1.550.0O0
J"), OOO.OOO 15.8«b,400 M. A N
jot
100.000
300.0001 271,500 J. A J.
S.067.200 J. & J.
IOOOO"
1.000,000 1,0 0,800 Org. J ul
j,. 00,000 3, 320. sou F. .V A.
250,000 150,900
14,400 Org. Ma
.r 200,000
a 250,000
8,100 Began
200,000 11 3, -'00 See V.
«250,000, 3 75,000 J. <fe J.
100.000 1,613, 100 Q.-J.
10(1
rrhatham
25
ChelseaEx.*
Ohemioal
'
.
NEW YORK AND BROOKLYN TRUST COMPANIES.
State banks.)
'
(
Surplus A
undivld'd
100 1,500,000 3,478,3001. & J.
IOO 5,000.000 3.781.400 M A N.
".<>s, 400
Q.-F.
LOO 880,000
>00 773.700 Q..-F.
1,000.000
(1)
J. & J.
Butch's'&Dr 25
100
Century
.
.
.
.
B^NKS, TRUST COMPANIES, INSURANCE COMPANIES, &C.
172
Afltor
1
'
8
..
p.
1200.
J«L1,
5
'
:
1
RAILROAD EARNINGS.
1808.1
173
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
Jan.
Feb.
March.
A aril,
•
•
t
S
Ala. Gk Houtbrrn
1900_
(310 m.)
(310m.)
188,804
200,0*2
S3U.X74
.(310 m.)
23-.56..
(310 m.)
1901
190*.
1908
Al.T*T.
4r M. F«-
2&4
1W1.,(7.'
116 -:o
I
190«....(7.H«o t,,
190.1... .(7.906 to
Hiilllranrr
952
•
„].)
6,378,929
A Ohio—
1902
—
(3
,„j
i
4..-2V.24-
4.630.722
4.874.7J1
5.267.813
5.4S9.10V
1903
(473m.).
i
(472 ru.).
1473 CO.).
481.19)
4-9.3^V
868.828
686.986
61-.54
408.6I-:
954.087
886.247
4rt.i.:
1909
1603
478.514
573.888
181.876
208.4 40
196*00
.(7.001 to 7.467 ru.).
lM<il_..<7.4,'
(7
\900.
.
(7,e90m.)
Central
I
:).
2.294.787
2.500.819
2.953.771
-'.-
3,015.752
219.46*-
'0.447
«
.
3,794,30-
49*1.070
SewJrrifr-
19000
19010.
I*!- iu.)
(6*8 m.).
190*0
(«
loo*
(688 m.).
W m.
628.701
800,003
1.-46 m.)
855.0811
-i
113
1.803.419
1.408.011.309.51
2
1.758,685
1.089.965
1.164.482
1.217.280
1,51«,202
Central Paclfle—
1900
1801
190*
1908
(1,369
(1.380
(1.859
(1.369
Cheaaaenke
m.).
m.).
m.)
ra.).
Sc
6 910.9.1O
3.648.F.06 4.086.831
8.027.258' «.248.393
170.080 64.9W7.33f 63.324^7(1
65.178,826 7>6.549.767 66.430.434,6:..
4P1.146
632.721
812. tat
671,4751H.MM7
5-1.11
475.888
657.488
812.087
600.937
698.750
848.CU3
491.64"
584.816
2,61 7.760
2,471,17'
5
2.617.983
4.779.0W6,439.679
6 84-. 1.2
«
I
6*.404.4<-
6
6.1
3.H-5
3,6
-
46,318.»r9
834 54 949 019
/>' 0^468.4 -4
9.683.49V
3,248,020
9,401.194
8.881.819
3.183.- 19
3.T95 391
2.688.89/ 064 -1
I.a04,9tti
8.171.471
'4.140.000
44H,70>(
470.1 *-
407.000
477.100
aTi.hOt
631. 70>
826.4T4
1
68641
S,*69.«o0
63f6.731
704,313
3. II
528. 97b
8.55
<.497 73.i
8.661. 482
107471
4.127.40-8
648.004
670,010
07. .871
5U8.089
682.15'
j.... '1,08k
8.969.146
40.124.44 6
817.883
8*4.777
76U.9V8
8.678.275
-20.252
1.3"0.234
1.401.787
1.088,917
1.674.597
1,190,549
528.87M
732.724
798.703
1.143.H23
L.80S.10I
1.230.991
1.282.185
1.353.217
1.340.1.8)1
1.310.(144
1.1V 13.780
1.1.I-.870
l,5fl8,10<
77
1,743.010.
1.198.124
1,748.007
990,874
1.420.707
1,764.-71
1.712.012
uoo7.ua
1,124 5ie
1,810,002
1.4 42.8 8
1,60-2,180
1.273,081
1,171.199
1,40- .857
1.599,334
846,754
710,081
766,958
596,7 (-4
825,'-52
698. K(
7,',1.590
767,728
787.711
->-.47l
8,069.060
8,007.990
L1O0,T1
U4M.7M
1,138,485
1.294.707
1.492.924
1,349,676
1.212.MI3
1.324.946
l,170,-3o
1.673,-10
1.488.1-6
1.8*7.33..
1.066.633
1.738.088
761,40.1
TH
93.
8.382.878
•830,594
•71439
1.8«6.2«".
1,101.25.
1.898.901
L.889.84'
1.550,587
1,120.192
1.225.25V
1.340.929
Allan—
(666 to I'll m.).
(920 m.).
190U
1901
1902
1908
j
.'..141,07>.|
1.733.66'
-
1
680,888
1479.400
1.1^38.61)7
'6
l.»47.1S8
1.443.848
997,
1
860.28*
1.513.f>47
1.209.773
1.780,89 j
1406464
2.02', 285
2,0,8.724
;.
1.028.815
...
16.78J.4U0
16,107.801
1.627,697
1.724,4 43
1,468,66
18.669.199
1.9-5.917
1,708.703
2O.779.8O0
1.464.714
1,268.700
1.327.1:
14400,781
1,325.82;
1,428.4*8
1.446.167
15.834.520
B00.40*
647.600
026.887
Mil 60*
042.270
1.939.987
1,9-2.9*/
Ohio
«V
1900... (1.446 to 1,176 ra.).
1901... 11.689 to 1.807 m.,\
1902. ._<1,6<'7 to 1,888 m.;
(1.638 m.).
1908
• hlcnua
5.012..
I
65.1 13.4 5*
65.7*0.8V;i
56o.iMt.
VtXJ&>
-45m. j.
•<
14-. 45..
1.977.1149
1,
->8.H«.
8.864 .008
2,676.460
•
8.849.089
560.895;
1900.. ..(1.640K, l.fflum.)
1901. .«< 1,000 to 1.-43 m.)
Cent.
::ri
?.'
220961
^25 81-
Ceoruiu
af
1908
191*
2.158.071
8.064.018
Total
*04.008
*00.720,
(aiiiialnn I'm-lfle1901.
1908...
Dec.
100.870
3,94<\966
3.736.010
4.007.10"
i
188. 90-
1901...
Not.
Oct.
I
4.598.7"-
Ball. Ho. h. v PI I tab.
886.741-
Meat.
5,216,131
.',
1900
•
173.389
088
4rCl7.lT-
176.6. <
06304
S.550.011
3.201,114 8,741.701
3.-79.71
.1. 997.22'
3.
64.067.058 61.631.304 64.7*8,)
64,760.9<
64.Ml.3dl 64.480.897 66.40W..18 .- iHJji
200 m.)
1901.^3.200 to a
15.
•
-
190..
888,868
181.780
190.T-2
168.646
188.911
203.521
2u6 - ..
3,556.083
4.14l.H>9
4,877.497
Aui.
1
I
167.919
174 4-2
810.000
2D0.191
-r«
190Cl...(7.,: 14
Jul).
Jane.
."flay.
(
....(920m.).
669.977
1.046.099
1.284.873
1.434.C81
1.8 8,709
B9S.8M
688.8 47
7-0.002
846.899
891, 67
7.6,801
l.loo.ir*.
1.8M.710
1,198.63
1440.70)1
1.194.023
1,041.032
1.384,179
1.190.278
1,187.084
1.358.602
1,466,068
1.181,-46
690,286
802,69
873.86-
1, 5*1,480
881,837
603,068
002,009
I
8407.871
788,488
9,6<
9.108
fhlr. Hurl. A' Qullicy(7.6:8 to 7.987
190l_. .(7,967 toM.M
190*.... (0.171 to 8.368
(8,353
1903
1900...
m.).
m.).
3.510.243
8,734.881
8.887.866
ra.).
4414,017
3,758.139
3.571.256
3.907,297 4.
4,480,790 4
4.620.388J 6.171. 0o
8,004.01
;
3.rH.8K:! 8.940.087
4.K.8.C14
4.325.481
699,926
688,100
601.035
689.31
678.98689.622
62S.491
593.189
840.94
35-.-'
m.).
4,772.004
6.61441B
6,164.238
6, 198.813
6.060,666
8406,786
j.241.7-,
4.110.S75
4.266,924
5.249.821
4-. 169.159
656,668
610,137
647,323
4406486
62.087.159
Chicago Gt. Weat.i900
1901
1902
l»08.
,030 ra.).
(8
.
Chic. Ind.
A
532.9-7
611.733
090.08b
610.128
(547 m.).
(547 m.).
(547 m.).
(547 ra.).
H03
Chic. Mllw. A; *t. P.1900.
71m.).
1901.
4*6.671 to 6,746 m.)
190*...(6.T46 to 6..54 ra.).
(6464 m.).
332.619
816,612
19ko_..< 5.8*7 to 5,56*
1901.._(5,60
m
'i
689,879
387.388
ra.).
887.104
2,s>t7.74
3.698.9
3.091.541
3,391.366
19
3.40-1,14I 991.
M
I
8.104.002
8.630.905
3.7*",389
3.'.'44.I9-
3,449,061
.
-1.11
.
070.664
363.997
124,6.8
443,107
868481
378,*79
888,068
401.102
4
959,564
8.4
480.641
410.738
399.194
N.O.&Tei.
7.513.746
-.
428,88.-
1.371.47u
1,785 376
U.142 m.).
369.: s-
3C0.232
1901.. _(1, 142 to 1.116 ra.).
.(1,146 to 1.121 in.).
.1,121 m.)
1903.-
870.780
(1.891 m.)
897.803
410.449
4. 1.00,;.
8.964.016
1
3.681.564
8.684.060
C-
2.O0I.UH)
2,127.838
3,71 8,006
I
104
4.443,216
(I
3,928.369
4.002.116
1.208.1
4 214.641
4.640/252
4,621.807
4,814.701
4,177.139
41,001.608
3.991.254
46, 404. 83V
4.1-4.22
4.546.104
-11. -II
4.
4.046.328
4.174.0-2
2.400.6161 2.615.839
B488.0S8 8,000.07
2.790,86- 2.998,872 2.708487 2.914.491 2,489,108
C3.7J6,307 C3.810.9tt6 c4.278.880 c4.46l.i40 c3.873,0i5
971.3C7
..
L.080407
1,019.626
1,003,681
1,208,811
797.289
836461
411.576
121,784
4£.2,94c
473,080
503,477
3.293.034
8.818.773
3.7s7.991
42,r38.436
46/493.030
47.67i.4l8
H
.
.'
B
3.978.79'
92.--.4oi
869.763
1.26 1. (W0
1,327,262
1,001,243
97374V
41.-..767
o
442.479
« 60,000
647.-87
Blu481
itnde
lwm.).
1901e..i2.3i9 to 2.393 m.).
>9«8«.. (8,393 to 2,4 Ml ra.).
1903*
12.433 m.).
462.1..
619.J-0
1
9-
1.366.438
1.688.495
.3. 8..
l.:<67.864
1.403,61(7
Southern
f.
I
.1
08
10.342.001
H.100,40*
482.211
391.193
473.529
60X.W73
460.601
6vo,330
474. K.7
48c, 182
668,708
1,608,80
1.610,749
4,988.532
6486,104
462, K<
6.8I1..99
1/64.066
17.402/99
1.614,04.1
l,7ol.94:i
18.976.576
93. 160
1900.._(8.271 to 2.318 m.).
(It,
(9,81a iu.).
(2,8l8 m.).
3g7J>0»
P28.872
376.811
478.662
634.404
14846
453.890
438,088
1,040.468
1.160.168
1.310.4S)
1.159,648
2.582,588
8.737,102
8.758.398
3,353,341
4-1, -24.1
1.140.69f<
8.988.710
3.189.894
3,298.490
3,C6I,624
1,117.,.8-r.
UJUM
1900»_
(6,209 m.).
1901V_(6.209 to 6,246 m.).
1.984,993
1.927.949
1.740.508
1903».. (6.246 to 6.61.1 m.).
1908'
....(6,613 m.).
8,536.1
1,313.44
1
9.0*6.082
3,899.684
3847.865
3.151.117
3.611.472
3.905 Ojr
4,1044*4
4,2'
-.98.19
19.'.'.
I.
1.7.9,19.1
1.589,037
1,746,191
391.034
464.672
514.210
1
1,802.688.
1,7*6,9.6
404.98'-
1.762,097
1.7w.,5iu
2,163,064
.1.4'*
:
471,114
087.041
487.616
428.415
498.68k
632.-17
668,773
tl
8.14
1
4.1-9 (M
6.1*6.540
6.V20.469
1.843.528
8332.868
1,167.
1.4'3..l74
1.469,182
1.634,689
1,670,494
1.0 1.-.01-0
1,310.784
1,6*6,704
1,397.91,
1,689.171
8416.008
1872
3.118.901
8.158.3717
8^*30.663
3,800,860
3,
1,188,820
3.511,494
3.767,162
3,810,162
8.283,647
2,679.560
55
2,876.85(
3.117.297
15.8.1-7.895
i
1.511.73
17a88>ol
3.169.52
3.646.220
4,041., 1 JO
87/73.167
'
r
(.:>.
.2.r()7
3.247,109
3470.689
1.
1,4
613.81-2'
1,240.682
1.387,671
1.S89.818
1,410,881
•2.998.-7.
2.223.3711
I463.«4l
1.8O0.4t0
417.W48
461.735
1.204,772
1,195.037
1.887.(91
1.371,168
Gt. Norta'n System—
1.469.604
1,700.068
1.068,090
33 624
1,'
Krte190*
1903
3.688.1 7:<
8,
,1* 3:i8.836
567.803
1.417.532
1901_
8404,000
3.5-2.04
90448*
4*4.314
445.«72
477.519
1.289.SK
«.i
8.2-20,827
00,61
I..
I
Hlo
8.419.204
8.566.990
4.139.. 29
4.4<>4.251
308.601
924,008
t.301.1h9
1.350.841
1.429,598
1,651,489
A. »i.
"
1900.... (1,83- tO
(1,801 tu.V
1901
19(11
(1.601 111.)
1900c
3,108.868
3.232.19
.')rt:».832
806.468
458,5;t3
1900
408,41
982.002
490,702
3
8'22.96887.69.1
P.-
(388 m.)
(33d m.).
(330 ra.)
Cla.Chlc.
353.367
391.161
4 V 3,940
7--
838,511
1900
I90t
1902
1908
.1
3.374.611
67 1.06.'
756. IN1
1908
vV
753.CK
.702.362
3.497,39V .0,449.38" d»,5fll,71&
791.385
Ocnv.
8.0.94
•587,059
033,188
1.889.538 1.718.47*' 1.902.440
,157 1.795.830
2.194.490 1.941.881 2.084.950 1,991.111 2,^03.825
2.297.518 8,288,156 3.314.010
4. '11. Jl- C3.B12,97!> c3.794.293 c3, 035.34 "c 3,325,387
778,3V 8
960.801
A.
853,789
:M3'.90-
8.772,924
.
Col era do
806496
44V 178
3,i95.7r.'
.
1901. ...(1.657 to 1.591 m.).
1H)3..„(1.691 to 1.667 m.).
19'
•
3,585.52.')
(3,-19 m.).
(3,819 to 7.. 33 m.).
1902a
1903*
(7
Chic. *t. I\ >1. A. O.1900. ._(!. 519 to 1,557 m.)
CI.
629,429
641,060
6*8,793
388,1411
3.284.104
I
8,100.79*
3,921 m.)
1903d.. (5,9:
Cln.
653.502
58?.87>-
420.IVJ9
344.937
888,018
888.327
407,063
2-7,-2'
:158.675
8,548,048
5.0.4.8
hlo. It. I«l. .V for.
1900V. (5,019 to M.MWm.)
1901fc
6*0,7
3.210.S13
Chlr. A: North VVoat.-
«
1
I.oulav.-
1900
1901
1902
.(
:.2i.r,»
524.882
3,lo3.172
3.087.073
41/..9...
;
4,190
3909.069
2.413. —
-
2.35.-1. .147
8.27tf.OOo
2.307.51
8.728.436
2,399,087
3.-99.660
2.-09.98
8.091,010
8.211,0-0
301.393
380.24k
407.522
480,866
385.170
331.27.
317.901
873,177
388,56-
•HJJ
401.193
437.881
345.79,1
32.1.97 -
399.:, 64
isejhM
450.f7V
6*.0.6l3i
6i,7.877|
9.918.379
8.820,473
2,834.415
2460,866
3.288, 434
3.4 93..V.4
3.1 14.907
3.777,881
3.486.886
3,509,118
3,968,867
2.714.-1
28.909,474
i.^. 7,00*1
3.023.32'
4.183.1
40.206.822
88466.88*
3,647.847
4(
I
2.1-1
.-.2
1
1
3.195.401
8.460446
8.1
•
75
4,112.7 22
393,400
4 60.008
562.074
490>2o
4
Hocking; Valley
1900. _
(348m.).
1901
1902
(340 m.).
(340 m.).
(340 m.).
1903...
3-1.92
391.050
463,744
407.77c
489.920
461.749
(00.61-.
»<7.6JO«
S08,88.<-
886.087
4.709.7*7
4.917,063
,-
llllnola Central.—
1900_. .(3,996 to 4.265 m.).
1901... .(4.286 to 4,2-4 m.).
1902... .(4,284 to 4,300 m.).
1903
(4.300 m.).
Intern'l A: tit. North.
1900
(776 to 820 m.).
1901
(820 to
8,-5 ra.).
1908.... Cr4 to 1,063 m.).
1908....(1.063 to 1,101 ill.).
iowii
t
rni
i
ii
(610m.i.
1901
(610 to 543 m.).
(543 to 668 m.!.
1908.
I
oulavllle A-
iS58m.).
Nnnhv.—
1900. ,_(S.083 to 8.164 m.).
1901. .„(3.164 to 3,313 m.)
1908. ...(3,313 to 3,4-U m.).
903
..
(3.441 m.).
*
800.629
2,411,2041
2.953,7 58
41-. 94.1
381,28.1
261.041
387.77^
388.041
393,011
373,980
414.'
177.83.S
170.708
800.467
K8.606
199,697
207,77i
180,764
232,08
107,888
1-1.2":
177.884
183,90c
4:3.94(
3771.759
2.910.4.-4
9.630.890
3.175.752
8.80O.318
.1,340,770
3881.7 21
3.383.178
3.400.469
3, .34,4..'
3.414.92*
3.768,331
4,044,606
8,1*2.-3
8.4-5.384
3.741,360
8.287. 7c8
.K4.687.708
8.418.120
89,
3,787. 10-
42.2*2.96^
•
432.013
613,000
878.544
2.026.499
8.178.800
8.462.H70
4..
81488
268..,:,.
387.190
379.268
40V.548
860.014
341. -29
160.269
163.000
180,463
07488
307,180
300.043
3¥3.(9t
386.816
435.6:6
591 47.
535.816
612.392
4.437.116
638,07*^
685.'.'88
60K.7 98
644.34
628409VH
166.389
177.177
194,107
20r,0ll
488488
266.621
22,. 73c
20--.937
213.0*0
190,508
84*7488
201.618
206,839
800.3hl
807.028
-1.7-0
08478
8.215.729
2.446.418
2.652.864
2.776,3'^
2.418.6.-2
2.425.023
2'
8..07.6O7
2.H^r.483
2.496.0r,9
89.838.-19
»3,029,024
8*8496
327,168
i
1900
1902
339.749
38.,.; 4H
2.875.74.-.
Approximate
844.S7T
220,894
2.392,303
2,724,718
2.1-:V.>72.2- 8.937
2. 101.81I'
!<.06O,753
8.777.583
2.50l,t-37
192.88.
2,*52.'i27
2.14-. 371
2,40844
J.
3190,796
8.177.812
4*848*
*,311,39i
2..-. W.244
8.436.840
8.771.8V3
9^80.119' 8.160.-)7-
a.003,904
8,008,086
flunres.
Inclndes rittabarR A Western, Ao.
e These flirures are on a new basis, corarlns Choctaw Road, Bur ington Cedar Rapids
d Includes t runs- Missouri lines in 1903, beKlnnlng March 1.
t Includes Rio Orando Western In all years.
Monthly tig urea do not Include New York A Long Branch Division.
k These tig ares include other income.
6
3^l8.1W»
130,056
2.243.620
2,808.376
3,084.87 4
21-21-
A Northern, A
7
.
.
.
1
1
.
1
SUPPL SME N T.
INVESTORS
174
[Vol. LXXVII.
MONTHLY GROSS BAKNLNflS OF PRINCIPAL RAILROADS—(Conclmded)
Jan.
March.
Feb.
April.
"11
June.
ay.
Iinei-iiui'i ...(.45 to M8 ru.>.
10O"#.
(848 m.).
1901*
1902'
(848 1.
(88u m.).
190SK
N», l.nulnBinnrnt. A_(50- t-> 643 m.V
11500
(643 m.).
1901
(643 m.).
1902
..(043 m.).
IPOS
Mlnn.x. P. A 8
1900 ..(1,2 2 to 1.
1901 ...U.878to 1,35=. m.).
1908....a.355 lo 1.4..2 tn.).
190.1
(1,462 m.).
(Ho. KmmiiN dt IVxiih 1900.... (2.208 to 2,222 ill.).
1901fl ..(2.222 to 2.480 m.).
l«0ia ..(2.4io to '2.602 m.).
10O3o... (2.602 to 2/9:5 m.).
Slo. I'hc. iY Iron >lt.—
19O0.._(5.326 to 6,54.5 m.)
1901. ...(6.513 to 6.57om.).
1902... (5.570 to 5,651 m.).
1903.... (5.661 to 6,693 m.).
1900c
1901c
1902c
1903c
Hai'l
UK.
A Mo.
M. Y.<\
HI
I
1900d...(M.82i to 8.823
1901<i...(3,223 to 3.320
1902d
(3,320
1903d
(3,520
N. Y.Ont. dk
440.804
405.6-1
442.884
480.73.'
3"<8.710
58<\786
670,910
810.604
851.691
1,18-1.099
1.960,701
1.2l0.<87
1.332,570
1.139.761
1,266,718
1.411,126
1.251.1.00
1.11
1.305.285,
2,860,280
8.218.980
2.715,399
2.622. 350
2.298,715
9.088.971
2,680.890
3,090.146
9,098.477
2,018.863,693.937
642.041
8.981348
3,080.285
3.51 1.8 is
510,019
477.470
481. 400
59'.1.30(i
502./
00
423,00"
443.517
557,«22
725,086
551.943
674.207
614.224
O78.0b£
044,838
710,076
707.436
823,797
580.273
623.010
619.041
776,396
631.239
884.663
676.610
852,641
634.380
644.345
809,243
599.050
689.824
677,110
825,645
725.186
675.316
717,981
1,007.083
4.250.319
5.182.9 8
6,401.017
6,230.441
4,010.370
4.400,269
4,490.413
3.810.621
4.340.693
801,985
483.020
468.498
866.980
446.284
462.421
557.227
m.).
m.).
m.).
m.).
Hltt
6-6.1534
m.i.
ni.).
m.).
m.).
474.132
547.038
688.917
5.378,077
6.900,884
6.343,181
40389
274,449
305.703
851,232
836.411
SiO.112
341,006
278.260
818.232
305,670
27:5,463
307,023
985,532
2)6,82.
2,971.160
3.475,226
3,576.913
318.111
4-2.589
579,9)9
388.P8I
508,731
728.894
424.65*
892. lo9
814.488
408.7-4
694,803
742,101
1.141.5151 1.325.661
1,888.880 1 4.'. 5.101
1,435,14'
1,603,480
1,890,775
1,891,485
1.801,867
1.528,883
1,571,75
1,383.361
1,830,:513
1,371,149
13.495.306
16 383.0O-9
10,700,807
2.938,720
H.197.133
3,223.036
8.693,833
3,-64.590
8.105,791, 2,014.376
3,314, 71-
3,518,162
3.034,303
3.013.736
3,300,050
88.909,287
36.881,093
37.495,887
686.764
572,0 14
030,675
605.489
614,880
584.716
553.102
620.688
6,014,658
6.135.888
6,976,171
638,495
625.892
776.888
7 30.1,486
081.853
788,834
916,70 i
7.166 7. K)
7.724.626
0.262,869
I
H07.7K
72.5.020
944.9W
1.255.0 14
1,871,350
2.576.0C7
5 '6,835
35
59
3.037,519
3,2l3.ou
3.5 '0.45'
3,078,782
463,239
481.026
53 •'.S-*!
•631,457
471.047
3,312,548
481.227
506.633
419.13;;
474.001
561,354
603.262
000358
635,688
400.2381
55V262
475.982
885.H29
4.703.048
3,600,429
6,823,377
510.4'52
622.071
726.510
•810.033
788.819
618.887
850,181
735,808
630.235
P25.474
740.081
7:556.78
682.464
619.56P
742.134
908,619
622.842
038,888
7^9,817
650.785
589.773
700,030
6.391.395
6,940,000
6,03(5,839
425.277
303.O70
282.045
1.310.088
l,378.H.-<8
1.245.829
1,847.236 1.374. 81
1,902.558 •l,M00,9il
683.581
007,1-15
744.530
1,04 -,988
1388,
'04
•9«!i,007
676.389
610.173
614.967
849,131
V
613,454
551.9-13
720,791
53-2.885
001,030
815,209
6,880366
4,253,361
5.188.745
5,483.620
6,618.920
6,783,7v.5
0,M55,fc06
608,234
086.714!
922,2-7
777,708
624.475
679,601
80 5,013
017,976
808,693!
687^2
1:08.161
025.889
863.115
5.980.876
6.796.407
8,737,247
6,874,819
6,8^8,612
6,701,679
5.911,210
6,016,310
6,799,355
5.704.812
5.837,015
6,127,977
626,519
571.613
409,215
878.011
490.768
350.061
282.022
521.701
384,149
1C0.306
601.422
488309
01 i,263
800.163
1.242,930
1.387,607
1,682,837
1308,047
1.437.511
1,713,403
1,327.877
1,466.313
1.740,120
1.414.829
1,832,059
1,741,620
1,291.366
1,447.971
1,029,027
591.515
858,616
628.415
718,904
70-5,298
402.056
543 588
837.845
«59>69
4.650.377 4,814.751
5.783 860 6.893, *5
5,9e3,616 6,00 -.7.10
6,712,479 M.65 r,066
•
383,859
363,131
46J.86J
660,0631
m.).
m.).
m.).
m.).
1.201.385
1.360.927
1.516.620
1,776.202
1.060.015
l.i60.658
1.212.770
1,602.290
1.172.137
1.421,088
1,488.865
1,915,993
1,128,614
1.280.729
1,57 I. HI1,956,406
667.236
681,138
788.780
858.136
562,279
381.770
601.470
718,379
624.710
645.210
671.81'
860,210
661.702!
2.013.180
3.293.132
1.964.757
2.182.133
2.872.663
3.015.710
2.406.812
2.685.964
3.162,816
3,517.400
6.424,271
8.01O.474
8,682,774
9,567,174
6.163.334 7.011.032 0.909.372 7,136.5«7
8.142 377 8.402,03*
7.144.921 1.231.00
7.553.321 8.886,105 9.099 777 9,901,988
8.229,524 I0,131.6j4 10,767,577 I0.624.r38
m.).
m.).
m.).
m.).
2.376.480,
3,032.377
.
Pere Marquette—
1900
(1,760 m.).
1901.. ..(1.768 to 1.779 m.).
4-5
49.1.522
3*0. ''SN
5-21.052
-.881
1,281,591
I
081,966
679.986
7l0,i65
881.165
692.202
751,902
812.0J4
052.102
fcfl7.20i
811.602
2.627.030 2.835.3.37
v.919,509 2.015 277
3.408.27* 3 605.>'2>
3,742,600 •4,13 5.879
2,409.271
8.73 -.715
H,:5i)i..-55
3,482,0.3
692.936
681,836
620,619
761.019
705,019
018,107
819,70
769,007
772.68
742,937
776,037
3.131,605
3,852 037
4,501,160
8,5 54.684
4,612 635
5.445.400
3.023.5>2
4.181,075
4.379.491
2.662.031: 32.237,681
3.116.527 81.731.401
3,751.1241 45.103.330
7.238,530, 7.718,578
8.701.050 9.530,275
0,822,750 10,516,076
7.788.524
8.774.8-26
7.816.004 S6.576.919
8.306.073 101.390.704
9,105,825
082.116
695.215
832,355
671.841
0.320.
.17:5.03.',
3,037348
2.733.172
S.l9).008
3,850,372
3.623.431
3,920.377
0.790.095 7.401.961
8.851,103 9.214.59)
9.771,503 10,100,990
7,192,833
8.4 82.759
9.596,059
1
1
732670
776.316
188,517
901.235
788,331
648.315
159.012
774.798
803,108!
907,469,
667.911
596,332
683.306
771.006
1808,108
677.492
505.312
676.026
1797,756
198333
M20.05J
,
7.881388
i,675.io-2
1.811.710
2.040,166
2.147.895
2,704.984
2.091.412
9.115.752
2.440.120
8,105.711
2.170.343
2,828.206
2.329.212
2.461.459
-2,574.734
-2.6-21,835
2.70\303
2.251,710
3,!9J,110
1,905,707
1.718,004
2,043.820
1.712,286
1.450,007
2.845.030
2.23J.050
2.881, 1S5
1,817 801
102,587
1.696.291
2.537,611
2,193.320
2.977.S86
4.522,206
5.317.171
5.202.110
6.277,5*2
3.508.004
4.377.777
4.341.215
5.772.370
3.810.010
4.459.072
4,212.415
4.103,772
670,0881
780.881!
884.784
935,169
75">.450
6,801.881 00.581,094
6,600.120 60.733.466
6,202,7861 71,941,971
4,136.160
5. -64,026
6,057.168
450,840
1,305.029 15.185,593
1.860,887. 18.624,514
1,618.647 li,918,718
7.846348
750.840,
643.0401
803,910'
8,267.048
8.450,748
112,663,395
857.031
939,161
712,771
791.067
844,718
774,126
868.360
S9 13.232
2.297.044
79 m.).
(2.0-4 m.).
(1.
dfc
561,057
v.
(All lines east of P. A E.)
190C+ .(2,803 to 2.960 m.).
10015 1 (3,769 to 3,673 m.)
1902+1 (3,673 to 3.810 m.)
1908+1
(3.640 m.).
1903S
493.67'
606,583,
•617359
60M.667,
59U.384
519,13 II
663.850
m.)
(380m.).
Pklla.
483,083
50 1.070
684,358
692,«7f
2,45".3('5 2.460,538
8.824.180 2.68-5.012
D.00l,4 •« 2,95\8-g 2.7 57.310
3,105,471 •8,809,401 •2,919,000
(380 m.).
(380 m.).
(3-50 m.).
1902
433,428
466.222
£42,5:2
1.09 -,056
1.403.336
481 m.).
Pennsylvania—
410.036
49-.54K
633,80 5
4 4 5,u 19
891,165
1.201.617
1.337.8U6
1.111.690
1. 298.0 32
354.838
315.011
333,865
538,026
19006 .(6,187 to 6,494
1901 6.. .(5.580 to 5.302
19026.. (5.3o2 to 6.394
19036. (5,394 to 5,384
1.481. "59
398,490
41.1.251
555,On|
938,876
northern Paclflc-
S
(76,843
798031
-01.697
7 411,750
8.296,110
0.201,175
9,955,376
Ufiiilliiii-
1900 ....(916 to 1.0U0 m.).
1601
(1,000 m.).
1902..
J1.003 m.).
1903
(1,003 m.).
2.139.748
8.908,119
1,021,176
2.667.647
2.570.109
1,902,106
2.882.1241 1.878,811
2.4*5.553 2.845.25
l,0o0,411 2,244.342
2.476.478
2,640.8 2
2.887,460
8V552.424
8.411.700
2,861.119
27,137,810
29.173.976
2.810.752
2.6O2.620
191,763
2,097.001
2.405.231
2.424,013
212,313
8.712.918
2,304,214
156,318
1.021,048
8.165.184
616,996
2.530.148
8.034,545
2.344,718
3.000.068
2.J-
256,107
2,001.350
25.150.107
30.300.690
17,631,102
4.772.211
4.230.749
4-.O0.V25
2,177,372
6.032,77*
2,234,608
6.075.042 2,899.327
4,739.767 6.010.398
2.004.700, 2,761.638
6,006,824
6.875.157
5,232,197
5.648.477
4.895.567
5.762.4 79
52.287,017
60.771,676
45,392.080
041 041
977.895
596.617
712.433
056,002
857.803
867.8971
871.468
010.022
1.400,431 * 1,8 '3.105 1 1.645.273 tl.054.810 » 1,023,870 tl,081.6ufl tl, 764.511 11.811,489 t2,177,812 t2.o31,oi8 tl,8-0.510
1,598.67 11,817, 1 17 1 1,5501. 217 tl. 74-5.1.70 tl,702,6»7 tl,8i8..-.',:i 42,037,935 *2.187,758 42,848,580 12.061,116 1 1,097,004
•2.312.55O0
: 2,466,711 t .',693,261 J2,6-2,llr,.t; ,595,81
9.087,910
80.774,007
22.754.315
2.490.81
9.604.019
8,084,033
Co.—
4'onl dt Iron
1900
1901
1902
1903
42.225.162
2,828.354
2,658.061
8.
Total both Co.'n—
1900
1901
1902
I..
•113.801
4'8),347
290.81 f>
I.l51l.(i24
northern Central—
HU
235.86-'
830 892
438,137
Norfolk cV WeHtern-
1900
1901
1908
1803
1.338,462
1.32-5/0O
297,401
317.513
340^95
929.894
(481 m.).
(
Total.
1.890.410
1,801.282
251
958,049
800.3*8
465.378
(lal m.).
(481 in.).
1900.. ..(1.551 to 1,554
1801.._(1.6«n to 1.875
1902.... (1.876 to 1,710
1903. ...(1,710 to 1.716
Dec.
*246.477
201.M0
1.018.019
1.363.850
Weal'n-
1900
1901
1902
19*5
224,1*5
25 '.001
280,-00
227.943
988.498
439.408
627.084
679,525
(974 m.).
St. I..m.).
m.).
m.).
.(1.286 lo 1,123
(1,321
1902?. .(1,323 to 1,898
(1.306
1903<
213,044
257,988
274.143
234,100
241.95'
400713
gfj
1000s
1901e
416.583
181.189
337.569
301.401
Mexico-
of
513.035
699,723
I
1,428,707
1.4«4 573
409.042
451.224
527.770
456, 1«4
.535.387
«:!-.528
259.6.40
222,21!"
-
(L.106
..(1.195
(1,195
(1.195
51-1.011
540.-173
69 ,808
2
222.569
199.643
197.562
200.778
889.078
(874 m.).
(871 m.).
Raihv, Chuti.tV
410.488
486 V48
451,680
6I2.201
690,674
547.764
614.393
50.5.182
1-7.(7
4,i5.609
Ohio
,V
1900a
1901a
1902a
1903a
426.882
476.927
434,091
Nov.
8
1.839.020
1
(Mexican
Oct.
Seat.
8
8
1.372.226 17.223,877
1. 876.31 8
1.456.150
1.878.«87l 17.403 674
fc 1.640.803 fcl.690,137 fcl.670,028 fcl,9,»5,17l fcl,885.01)a k2,0il,329 fc21, 132,227
8
1900*. ..'2.017 to 2.054 m.). 1.583.297 1.839.291 1.541.677 1.462.400 1,591,514 1.611.793
1.460.977 1.370.881 1.538.856 1.446.520 1314.4*9 1.4:56,782
1901e...(2,o54 to -2,186 m.).
1,0/9.970 1 .4 60.6*7 -k 308.258 kl. 704. 504 fcl.-94.53l kl,())7,TS.'
1802 . .(2,1-0 to J
(2.916 m.). .2.020800 *1829.fc8: fc2.163.:91 2,2i:i.i47 2, 130,876 *2,04 7.68-'
1903*
Mobile
II
Auk.
July.
Onirnt-
tfrxlcan
oV-Hikr. H»'»V-'"
1900. ...(1,408
1901. ...(2,924
1902. ... (3. 202
1903... .(4, 3 40
St. l.oul«
to 1.697 m.).
651.141
to 3.201 m.). 1 1.7-10.51 7
to 3.5-54 m.). i 1.799,57 7
to 4.0CI m.). 42.750,480
nouthweil,-
1900
1.6J8.0H
607.765
2,978.183
'2.140.616
1,188.813
JS.952.8a8
4,147.043
6.416.353,418 523
8,847,943
8.820.440
4.567.304
6.998,353
5,l-3J,3*()
1
609388
41H.Oti7
816,627
471,680
621.436
427,861,
677.712
640,516
501,658
650307
008.8261
OHO. ?44
1
018.830
572.604
672,898
5.007.780
6,445.7-0
6 628,2201
8,881,51 >
311330
1900k. (8.088 to i,681 m.).
1901h .(6311 to 8.759 m.).
1902/1.. (8, 79 1 tu 8 8 * m.).
1908/1.. (8336 to 7.990 m.).
•southern It ii w a v
190 ... (0,418 to"J,727 m.).
413,001
631.668
573.350
531,8. 8i
574.730
5.062.567
5,735,447
8.099.008
7,002,0101 3.918,483
2.857,0282,392.071
Southern PaclucCo.—
4.006,15'.
1
(1.268m.).
(1.293 m.).
(1.295 m.).
3. 280. .165
2,097,530
677.326
1901.... (1.268 to 1.893 m.).
1908
1903
1.8iJv,506
87381,701
6.341,005
0,160,112
7.147.705
481,388
661.062
65l,418|
OO9.I0«|
771,708
771.743
810.025
7711,7 40
800,006
737,968
700,162
796.708
068.007
529,602]
5.007,882 6.387,271
7,206.523 7,100.819
8,863,884] 8,007.016
7,417,177
7,875.121
8,270.211
6.727.790
7.16 Y201
7.045,520
6.718.611
J
3,000,478
J
3,0
f.5,620.348
1 8.408,848
J3.68l.lli
I 3,878,390
467.8361
420.281'
404.018)
607.865
628,888
6'3.074
617,711
6,788.016
5.408.076 5,402.860
6.i36.i65 6.911,974| 6,285.2)7
6.810.181 o,83.',-50 6,464,813
7,307.000 16,9 5.280,
8,721 677
0,026,-91
(
0,655,364
7.F86.004
7,281,010
60 1,1,0
82.121,035
85.860,878
10
-16
1
2.558,314
8,430 167
2,475.080
5
2,675,863
J
2.860.841
iis.1'0 )2.H1",745 13.073.846
19015...(6.7-21 to 4,740 m.).
'•,011.187
>M I 7.119 J 3 188,1115 5 2 H5...11 I 2.K) 881
5 1
21)1.416 J 3, 198,266
:;, 57o )3."3I
1902J... (8,731 to 7.114 m.) )3.281.(188 J2.M70.865 J 1.848.0881 j 8.148. 61
J 3
(7,114 lo 7,184 m.).
1903)
.010 J 3,380,558 (3.810,100 )3, ,43.410 |8,4 l.,!l!3 ) 8.343
I
1
I
)
'..
SH
I
)
3,0-55.875
1
8308,454
I
3,i06,722 )3,631,9<J3
)
3.112.881
181
j
)
J
38,468,970
58,708,587
40,177,482
TeiHM A
I'liclllc—
1900. ...(1.102 to 1.570
19<il.._(l,570io 1.6e5
1902... (1.710 lo l.-4i
1,-41
1103
Toledo
dk
1900
m.).
m.).
m.).
idj.
780.820
l.i 173.5
Ohio Cent.
202.120
200.418
(371 to4.50 m.l,
1901
1
1902
K> in.
18
1.084.740
1.057,060
i.
2'20.58O
.
iWnij.
1908.
'2
73.107
Union I'ltcMr
Sy«i.-in
1900 ._(5..o9 to 6,500 ill.).
1901. ...(5, Ml
1902.. ..(6,74* to 5,761 m.).
(5.781 m.,.
1908
2.918.292
8,211,591
•01
Wnbai.ii1900.... (2,1528 to 2.
1901.. .. '2.3
1902. ...(2,387 to 2.48*
1,314.583
Vj
1.68O.8O0
1.672,151
•
.
m.).
730,111
050.700
875.817
176.328
170.064
101.217
230,408
088.806
980.80
8 ;0.si,i
1,001,654
1
.
179.407
202.002
2 (2.8-25
807.01 1|
9.0
3,1215,71:1
2310,688
8,991,818
23,166
3,810,899
8,470,8044
4,090,1315
1,209.156
1.870.496
1, 8)1).
171
1,318,612,
581.101
0O8.1OO
008.88.1
206,616
103.017
227.100
mi
188
693.118
743.154
097,615
617.011
804,079
847.0-0
788,068
010.30'.
1,118,808
1.107,449
056.122
1.I.11.W04
1,175,808
1,105,802
1.138,63
1.284,119
1.340.02:1
1.280,094
0.751.181
11,770.072
11.880.001
•761,35.
235.015
247,076
222,107
250.-20
•23V251
•890.004
201. -223
-262.068
210,415
847.770
800,084
2 53.240
868,888
291.718
217.000
XB0.252
878.879
3.801,161
4,(^34.819
4,612.387
4.707,260
4.965.931
3,829,313
1.1 18.4 07
4.714.427
3.622,4 75
20
226.442
250.7 13
8,082,384
3,418,731
3.740.3-4
3.2'40,3i2
3,3*10.411
8303.108
8.610,841
3,
3.918.602
4,176,20)5
8,698340
2.758,808
•2,9
14*10,004*
H. 141
4,102,131
1.51 1,76
1
1
41,856.860
4 .."34.891
1,320,698
1,637.571
1.360.106!
1.662.310
1.327.818
1.613.560
1. mil, 28J
1348.001
16.806.118
Jl
1.0J3.7O5
1.840,01)0
1370,000
1,431.581
1.030,679
1,714,000
1336.880
1. .1-6. 17).
1, 781,6
1.692.341
1,804,813
19.081,158
50,205
521.830
547.020
7o.03i
480388
430.39.5
402.810
640,808
412.202
44 076
400,041
6.344,181
6.03 1.066
609,968i
656.075
042,438
4 -2, 1503
694.016
356.6 1-2
480,06 5
606,217
432,670
464.710
053.857
000,484
751,05
880.018
775.103
781,201
737.050
086,093
750.061
5.300.188
6.352.308
111
1.10
1309,671
1.202.860
1
111.688
1.187.3'.-
1.651.A5H|
1,706,631
003,138
736.363
(103.101
1
927,016
1.4
27.038
1
'16,818
1,780.060
Wisconsin Central
1900
:566.027
(960 m.).
(050 U.
1902
1808
432.100
6O5.403
621,107
004 8.4
410.561
321.420
439.264
418.274
440.887
(.01
4
.550.1-0
689,100
661.1.74
•6 16,700
406.13(1
380.834
3.54.738'
4 10.815
810.104
•
(977 m.).
(977m.).
470,788
A. Ulna.
1900.. ..(1.001 t
1,04" tu.).
l.«'l
„| 1,047 to l.Oln in.).
800399
Yazoo
481388
I
1
4
M 0.30
4
1
.1.4.'7.|i6
Vat.—
,
040,101
6 H.3I4
640.956
382.531)
317.188
808.843
446,40
816.711
410.806
8389 0"i
510.762
588.7.'l
66
86 union of <-ni.nl.
IudTsJ
\ Ali.-irlieny Vnlley Division bouliiiiinti nil li 1001.
1 After Jan 1. 11*01, the
Kan. City K..r:
irth ,v Hi
iir»nde nr« laoluded la addi'lon i" the St. I. \ Ban fran. proper, an 1 nft«r .iio. 1, 1903,
B.. C. M«m <k 8irm. and Kori
inolud.-s Ho ,v 1:
/> Ili-.-nltson 8t. I'nul A Dill, are aildod In afi«r July 1, I0O1.
a Inoludes Montftomerj DlTlslon In all the y«§*«.
c After .Ian. 1. 1000,
.( Includes (or all
mv u it.
Inoludi - Padaoab ,v Hemp. » v
periods the Beech Cr.-.-k UK. mi t ho Kail llrook System, and iift«T July 1, 1900, the Boston A v
M
Kluures are Klvi>n In M.-xl.-nu i.-iirrt>n<y.
*4 lavlu.les
Mldl'd and S 111 antonlO extension «loce May 15. 10 H
kG
y Inclu lo- n-iiills on Hut >ln, -.
lloii«.\ Tex. Cent, and lUOlldlary :111m
l'lieso Mk'iir<>, ln< In le results 011 Monterey A Mei. (iulf from Men. 1 1002 and also
fc
5 9U l.-iuis Oivisn.n InoliiU.-.l.
Mexico f'ueri.avnra A I'nclllc mi<l ltl<> v'onle Branch, etc.. fro n .Inn. 1. 100 4
I Inclines hake Hrle A Detroit Hirer Ky.
I Does not iiu
u<l< Houston fc Texas Central, Houston Ka.«t A West I'.-xn
and Houston A Snrevcport.
1902.. „(1. 000 to 1,108 m.).
1903
(1,109 tu.).
•
Approximate
(
And
tltfurea.
-
.
684.686
*O;,904
.
W
1
'
1
1
.OOo
561.1.1,
1
-
1
1
I
1
1
.
.
-
.
I
1 1 >
.
.
July,
INDEX
Companiea not giro)
in
COMPANIMS—CONSOLIDA
TO
WILL Bl FDLNI)
Delaware
Adirondack
UNI'
I
American Bell Telephone
American Biscuit & Mfg
American Bridge
Am.
i'ii: ii
Manufaol
American
American
American
.in
sud Ca-Ung
M
Tin
PI
American Bteel Foundrli
'
i)
-'
'
St.
tt<
a
Battle
-
Chloago Burlington & Qulnoy.
Canadian P
atrel.
Houston a
Southern
Lake Shore A Mlnhlg
Michigan Central
Pennaylvanla A Northwestern.
Rutland UK.
A Northwestern
'
—
reekASturgls
tie Creek
Gap
BonnlngtonA Rutland.
Bell'B
United States shipbuilding
United Btatea Shipbuilding.
Bethlehem Bteel
Bethlehem iron
BlgSamh
Blngbamton Q
ltinuiiiu'liiiin
ta
Works
Cheeapeake a Ohio
American Lighi a metlon,
St. Louis <S San Franelaoo
Kansas CRj Memp. «v Birmingham
Missouri K
>-sas.
..
Boonville Bridge
Boston Clin. Pitch. A New Bed
Boston A N. Y. Air Line
Boston Rubber shoe
Boston Wlnthrop & Shore..
old Colony.
New
A Hartford.
United Btatea Rubber (Mtscel. Co's)
Boaton Revere Beach A Lynn.
Ohieago A North Western
Boyor Valley
Long [aland.
Brooklyn A Slontauk
OonaoL Qh of New York.
Brush Electric Illuminating
Wabash.
Brunswick A ChllllOOthe
Atlantic Coast Line KH.
Bnwiswlck A Western
Buff. A Niagara KK. & Terminal. .Pare Marquette
Erie RR.
Buffalo .V Southwestern
Chicago Burlington A Qulncy.
Burllugtou A Missouri River
Central l'aoltlc.
California A Oregon
Southern Pacitlo RR.
California Paclllo.
.People' a Gaa Light A Coke.
Calumet (ias
N. Y.
llnvi-n
Weal Jerai
Atlantic
tore.
Canadian Pa
Canada Central
United Btatea Bteel Oorpo ration.
Carnegie Co
Seaboard Air Line.
Carolina Central
Dubuque A Sioux Cltv.
Cedar Pail- A Minnesota
Cedar Rapida Iowa Falls A N. W... Burlington Cedar Rapids A North'n.
Chicago .V North Western.
Cedar Rapida A Missouri Liver
central Branch,
Central Branch Onion Pacific
Boaton A Maine.
Central Maaaaohuaetta
Central of Ge. Ry.
Central of Oa. RR. a Ranking
Baltimore A Ohio
Central Ohio
Northwestern
Houato & Texas Central.
Centr.i
New Amsterdam Gas.
Central Union Oas
Atlantic Coa*t Line RR.
ItOD a -avan nah
Southern Railway.
Charlotte Columbia & Augusta
Southern Rail*
Charlottesville A- Rapldan
Delaware A Hudson.
Chat*»augay Ore A Iro
Rutland RR.
Chatham A- Lebanon Valley
Chattano >ga Rome A Southern ... .Southern Railway.
Chicago A Brie.
Chloago A Atlantic
Chicago Bnrllngton A Northern... Chicago Murllngton A Qulnoy.
Chicago Cincinnati A Louisville.
Chloago & Cincinnati
People- (ias L. A Coke.
Chloago (ias
Peoples' Gas L. A 0, (Mlacel. Co'ar.)
Chicago (ins Light A Coke
Chicago a Grand trunk
Grand Trunk Weatern.
Chicago A i.reat Western
Chloago Terminal Transfer RR.
Chicago Junction.
Chloago Hammond. A Western
Chicago a Baetern Illinois.
Chicago a- Indiana Coal
Chicago a Northwestern.
Chicago Milwaukee A N.
Pere M.uuuette.
Chloago A North Michigan
Chicago eruilual Transfer.
Chicago a- Northern Pacific
Cincinnati Indiana. polls & Western.
Chicago A Ohio River
.Chicago Milwaukee a 8t» Paul.
Chicago A Pad lie
See Atohiaon Bj stem, Apr.,'96,Sui'.
Chicago Santa Fe A California
\tchi>on Topeka A Santa Fe.
^mls
Chicago A St.
Illinois Central
Chicago st.
v Orleans
st. Louis A Pittsburg
Plttab'rg Clnolnnatl Chloago
Chicago
Chicago St. Paul Minn. A Omaha.
u St. Paul a Minneapolis
Chicago A North Western.
Chloago A Tomah
Chloago Wisconsin A Minnesota ...Wiaoonstn Central.
i
<
W
'1
I
i
Choctaw Oklahoma A Gulf.
Choctaw A Memphis
Ciuoinnati Hamilton A- Indianap. Cincinnati Indianapolis A- Western.
Cincinnati tnd Bt Louis A Chicago.! 'leveland Ciu. Chi.-. A st. Louie.
Chicago Cincinnati a Louisville.
Cincinnati A Indiana Western
Chloago Inolnnatl a LonlavUle.
Clnolnnatl Richmond A Manete
Clnolnnatl Sandusky A Cleveland .Cleveland Cm. chic A St. Louis.
.
<
Cincinnati
Cincinnati Sou' hern
Cincinnati Wabash A Michigan
Clalrton S:eel
ex. PaC.
'•
Cleveland (In. Chic. A St. Louis.
Crucible 81 eel Co of America.
Leech Creak.
Clearfield Bituminous Coal
Cleveland On. Chic. A St. Louis.
Cleveland Columbus Cln. A ml
Baltimore A- Ohio.
Cleveland Lorain a- Wheeling
Baltimore A- Ohio.
Cleveland Terminal A- Valley
Weal Va. Central A Pittsburg.
Coal A lion Ry
Internal
Northern.
Colorado Bridge
southern Rail*
Columbia A Greenville
Columbian Bl. Car Light. A Brake.. Consol. Ry. EL Lighting A Equip.
W ibash.
Columbia A St .Louis
Columbus Connecting A Terminal.. Norfolk A Western.
Columbus A Hooking Valley
Hooking Valley.
Columbus A Indianapolis Ceutral.. Pittsb. Cincinnati Chic. A St Louis.
Hocking Valley.
Columbus A Toledo
Commercial Union Telegraph.
Commercial Cable.
Consolidated Ice
American Ioe.
Consol. Kan. ('it v Suielt'g A Rettn'g.Auieru an smelting & Refining.
Consolidated Stone
Clue. Indian. A Louisville,
:
I
:
.
Consumers' Gas
....Peoples'
Continental Coal
Current River
Dakota Central
Dakota A Great Southern
Dallas A Waco
Danbury A Norwalk
Danville A Grape Creek
De Bardeleoen
Delano Land
Coal
&
Iron
\
-
.1
Gas
L.
A
('.
(Mlacel. Co'a.)
Hocking V
Kansas City Fort Soott A Memphis,
Chicago A North Western.
Chicago Milwaukee A St. Paul
Missouri Kansas A Texas.
New York New Haven A Hartford.
Chicago a Bast Illinois.
Tennessee Coal A Iron (Miscel.)
Lehigh Valley
Denver (ias A Electric
Denver Consolidated Gas
Des Moines A Minnesota
Chloago A North Western.
Grand Rapids A Western... Pere Marquette.
Detroit
Detroit A Lima Northern
Detroit Southern.
mthern Railway.
Equipment
i-tei-i,
Eastern of M.
Pa-tel n of MimiePlec
in
111.
of
'ii a
North Lehigh Va
Brooklyn
Kin.Con--
Pdi-ou Lice 111. of N. Y
Bleotrla Axle Light A Power
BUwood Short Line
Eluiira State Line
York.
Equip.
.
Light'g
I
.
A
re A; Ohio.
Balti
RR
Tioga
LB........N
Equitable Gai
i«l
Equitable Gas Light Co. (N.
P(
New
Y.»
Go's.)
•
\
a Kalamazoo
Lake shore a Miehlgai
n Transportation Co Pennaylvanla RR
springs
Eureka
North Art
Maine Central.
European A North American
Henderson A Nashville. .Louisville A Nashville.
Bvanavllle
Lvausviiic Terra Haute A Ohl<
Chicago Milwaukee A St. Paul.
A Southern
Prie
i
.
Unite Stat
Pere Marquette.
i
Belt
Birmingham Equipment
Camden A
ii'iin
i.
itlon.
"" k
Railway.
\-u-!erd.iin
irporatlon
•
i-
itabula
A-ht..
<
nlt<
United
B "i
-
Atlantic a Northwest
Bay
p
itlou.
>ue.
New England
Central
i
Pa-t
American Dock A improvement Oo..Cen1
Unit*
American Sheet Steel
Aim-i
Duhith short Line
Durham A Northern
Dutchess Countr
.ion.
Hit
i
be [ndei tx-iww.
WILL Bh FOUND CNUKB —
I
Lake shore A Michigan Southern.
RR.
American Telephone A Telegraph.
National Biscuit
Alabama Midland
TED,
be (bund b
.
thern Rallwa
Atlantic*
Alaba.-.a Central
maj
tablet ta their alptfbattoal order
rare
ti>
NAMh.
AuiiTii-.iii
175
LNDEX.
1903.!
•
poratjon.
l
1
Marquete
Florida Central A Peninsular
Florida Soul hern
i'
Scott Equipment
Seaboard
All Llni
savannah Ploi
n
rn.
ott A Memphis.
Loulad
Port Worth A New Orlea-is
Houston A
atral.
Fremont Elkhorn A Missouri Val. Chicago A North We-tcrn.
Seaboard Air Line Ry.
Georgia A Uabama
Carolina A Northern .. ...Seaboard Air Line Ry.
Southern Rallw
Grand Rapids Gaplds Gaa Light. ..American Light a Ttm
Michigan Central.
Grand River Valley
Green Bay.'.
Green Bay Winona A St. Paul
Mobfle Jackson A Kansas
Half A Chicago
Mineral Rmge.
Hancock A Calumet
Hannibal A Bt .Joseph
Chicago Burlington A Oailroy.
New York New Haven ,v Hartford.
Harlem River A Portchester
Haatlnga A Dakota
Chloago Milwaukee A St Paul.
Maine Central.
Hereford
Hoboken Ferry
N.Y. AHobok. Forry (Mlsoel. Co'a)
Holly Manufacturing Co
International Steam Pump Co
H toiler Bqulp
Cincinnati Richmond A Muuole.
ut
New York New Haven A Hartford.
Uousatonlo
Delaware A Hudson
Hudson Coal
Ohio River.
Huntington A
Atchison Topeka A Santa Fe.
Hutohlnson A Southern
Hyde Park Gas
People's (ias L. A C. (Mlsoel. Go's.)
Imperial Rolling Stook
Canadian Northern.
P
tatorn
Indiana Bloomlngtou A Western
Cleveland cm Onto. A st. IxjuIs.
[ndlanapolls In. A Lafaj ette
Cincinnati ndlanapoll- a Western.
Indianapolis Decatur A Western
Chicago Indiana]). A Louisville.
[ndlanapolls A Louisville
K
Buren Bridge
st.
.
.
i
I
I
.
<
I
Cleveland Cln. Clile. A St. I /Mils.
International Mercantile Marine.
Chicago Milwaukee A St. Paul.
Dubuque A Bioui city.
Indian. ipolw A st. Ixiula
ttlonal Navigation
Iowa A Dakota
low a Falls A Sioux City
Iowa Minnesota A North western.. Chicago A Northwestern.
Michigan Central.
Jack -on Lansing A Saginaw
Buffalo Bo
I'ittaburg.
Jefferson Clearfield Coal A Iron
.lelt'erson Madison A Indianapolis. Pltt-burg Cincinnati Chlo. A Bt. L.
—
.
Pennsylvania
Jollel A Chicago
Junction A Breakwater
United States Bteel Corporation.
Chicago A Alton.
of
Delaware Maryland
A
Virginia.
Kalamazoo Allegan A Gr. Rapids. Lake Shore A Michigan Southern.
Kalama/.oo a White Pigeon
Lake Shore A Michigan Southern.
Kanawha A Hocking Coal A Coke.H icklng Valley
y Port sc.tt a Golf
Kansas City Port Scott A Memphis.
Kansas City A Memphis Ry. Bridge. Kansas City Port Soott a Memphis.
Missouri Kan -as A Texas.
Kansas City A Pacific
Citv Pitta, a Gulf
KanSouthern.
K .n-a-citv st. .1. a Co. Bluffs. ...Chioago Burlington A (Qulnoy.
-i
Lou i- a- Chicago
\lton.
Kan -as City Ft. Scott A Memphis.
OttJ A Missouri.
.
*
' 1
1
<
Union Paclflo.
Pacific
Kentucky Central
Louisville A Nashville.
Di-tilleriea AWarehouse.Distilling
Kentucky
rloa.
-
I
Knox A Lincoln
Lake Erie A D.-trolt River
MalueCentr.il.
P^te Marquette.
- tpertor OonaoL Iron
Mines. United st u<m steel Corporation.
American Pneumatic Servloe.
Lamson Consol. 8tore Service
Canada southern.
Leamington A- St. Clair
Lehigh A New York
Lehigh A Susquehanna.
Lehigh A- WUke-barre Coal
i
'ii
Lehigh Valley.
Lehigh Coal A Navigation (Mlsoel.)
Central RR of New Jersey.
Missouri
ley
Louisville
1
l
Pad Me.
A Na-hv'le L. C. A Lex.)
International Mercantile Marine.
Chicago Burlington A quliiey.
Buffalo Rooheeter A Pittsburg.
o Peoria A- st Loulg.
Choctaw Oklahoma A Gulf.
A Prank fort
lev .i|, Line
Lincoln A Northwestern
Lincoln Park A Charlotte
(
on
Rock Bridge
Rock Jet. -Little R.AFt. Smith Mi— ourl Pacific.
Brie RR.
Long Dock Company
Long -land city A hushing
Long i-land.
Chicago A Alton.
Lit villi
Little
Little
I
oulsville Cincinnati A Lexington. I^iuivtll«.
Lex.
Louisville A- Nashv.— L. C.
Louisville A Frankfort
L-'iiisvlLe A Nashville Terminal ... Ixiulsville a Na-hvllle
l>ouinvlUe.
"diSew Albany Ohloa
l>Mils\iiie New Orleans A Texas
Ulinoi- Central (Yazoo
M. V.)
Southern Rail way
LOUlSVflle Southern
I
.
A
A
'ii Gas A Electric
Mahoning Coal
Maul tobaSouthwest'n Colonization
A
&
American Light
Lake
-
A
Traction.'
iigan So.
System.
<
Mankato a New I'lui.
North We- tern.
x A salt RIt. Val.
Maricopa a Plui-nix
M
Marietta A North Georgia
Atla;
» A Northern.
stte A Bessemer Dock A Nav
Marquette Houghton A Ontonagon. Duluth South shore A Atlantic
I
i
Massawlppi
Maysville
A
MoKeesport
Connecticut
Lexington
Belie Vernon.
Charleston
A
Memphis A
Memphis Equipment
Merchants' Bridge
Menominee River
K
A
Passumpslo.
-Louia. A Nash.
AYoughiogheny.
Southern Railway.
Kansas City M-mphls A Rlrmlng/m.
P
st.
Louis Meroh'tr Bridge Ter.
Chicago
A North
Western.
RR.
.
-
INDEX.
176
WILL BE FOUND UNDER
NAME.
Manhattan Elevated.
Interoeeanlc of Mexico.
Metropolitan Elevated
Mexican Santera
Midland of New Jersey
Midland Terminal
New York Susquehanna & Western
Denver A .Southwestern.
Milwaukee A\ i. .ike Winnebago
Milwaukee Lake Shore A: Western.
Milwaukee A Madison
Milwaukee a- Northern
Minneapolis a Duluth
Wisconsin Central.
.Chicago A North Western.
Chicago A- North Western.
Chicago Milwaukee A- .St. Paul
Northern Pacific.
Minneapolis a- Pacific
Mlnneap. Bt P. A Banlt ste. Marie.
Mlnneap. BaultBte. Marie A Atl'tie. Mlnneap. Bt P. A Sault Ste. Mane.
Minneapolis I'nion, Minn. Western Great Northern.
Chicago A North Western.
Minnesota A Iowa
North Western,
Minnesota * South Dakota
Chicago A Alton.
Kiver Bridge
ppi
M
Missouri Kansas & Texas.
Missouri Kansas A- Eastern
ri Kansas AOklahoma
Missouri Kansas A Texas.
St. Louis A- Han Francl&oo.
Missouri A- Western
Mobile A- Ohio.
Bay Shore
Mobile A
Baltimore AOhlo.
Mononualiela Kiver RR
"Monon Koute"
Chicago Indianapolis & Louisville.
Montana Central
Great Northern.
Montauk Extension RR.
Long Inland
Lehigh Valley.
Morris Canal
Consolidated Qafl of New York.
Mount Moiris Electrie Eight
Mt. Yernou rt'oodberry Cot. Duck. United states Cotton Duck.
People's Gas Light & Coke.
Mutual Fuel Gas
New York New Haven <te Hartford
Nantasket Beach RK
Boston A- Lowell.
Nashua A Lowell
Worcester Nashua A Rochester.
Nashua A Rochester
Louisville A- Nashville.
Nashville Florence A Sheffield
Tennessee Central.
NasliTillc A: KnoxYille
National Cordage
Standard Hope a Twine.
Philadelphia Electric.
National Electric
American Linseed.
National Linseed Oil
Corn Products.
National Starch
U ulted 8tat>s Steel Corporation.
National Steel
United States Steel Corporation.
National Tube
Chicago Burlington A yuincy.
Nebraska
Consolidated Gas of New York.
New A in st erd a m Gas
Baltimore A Ohio.
Newark Somerset A Sti aitsville
.
New Brunswick
Newburg A New York
Canadian
Pacific.
Erie BR.
New York New Haven A Hartford.
New York New Haven A Hartford.
New York Susquehanna A Western.
Central of New Jersey.
Louis. A Nash. (N.O. A Mobile Div.)
New Haven A Derby
New Haven Steamboat
New Jersey Midland
New Jersey Southern
New Orleans Mobile A Texas
New Orleans Pacific
Texas A Pacitic.
Connecticut A Passumpslc.
Newport A Richford
Long Island.
New York Hay Extension
National Biscuit.
New York Biscuit
Brooklyn Ferry (Miseell. Co's.).
New York A Brooklyn Ferry
Manhattan Elevated.
New York Elevated
Erie RR.
New York A Erie
.Consolidated Gas of New York.
N. Y Gas Elec Lt. Heat A Power.
Corn Products.
New York Glucose
Erie RR.
New York Lake Erie A Western
N. Y. Brooklyn A Manhat. Beach.
New York A Manhattan Beacu
Consolidated Gas of New York.
York Mutual <ias
New
New England RR.
New York A New England
New Y'ork A Putnam.
New York A Northern
New York Pennsylvania A Ohio. ...Erie RR.
New Y'ork New Haven A Hartford.
New Y'ork Pro\ idVnce A Boston
New York Ontario a Western.
New Y'ork A Oswego Midland
N. Y & Queens Elec. Lt. A; Power.
A Queens Gas A Electrio
N. Y.
Long Island.
New York A Rockaway..:
New York Supquehanna * West.
New Y'ork A Wilkesbarre Coal
Chicago Burlington A Quinoy.
Nodaway Valley
Atlantic Coast Line RK.
Norfolk A Carolina
Norfolk Terminal A Transportat'n. Chesapeake A Ohio.
Lehigh & New England.
Northampton
Northeastern RR. of So. Carolina.. Atllantio Coast Line RK.
Southern Ry.
Northern A labaina
Chicago & Northwestern.
Wabash.
North Shore.
Canadian Pacific.
Chic. St. Paul Minn. A Omaha.
Southern Pacific RR.
United Fruit (Missel. Companies.)
Northern Illinois
North M issouri
North Pacific Coast
North Shore
North Wisconsin
Northern California
Northern Ry. of Costa Rica
Northwestern Grand Trunk
Northwestern Union
Ocean Steamship
Grand Trunk Western.
A North Western.
Central of Georgia Ry
People's Gas Light A Coke.
Chicago
Ogden Gas
nsburg & Lake Cbamplain
Ogdensburg Terminal
Indiana A Western
Ohio
Ghio
Ohio
Ohio
Ohio
Ohio
A
Little
Rutland RR.
Rutland RR.
Peoria A Eastern.
Baltimore & Ghio.
A Georgia Extension.
Baltimore A Ohio.
Detroit Southern.
Kanawha
Kiver A Charleston
RlTer
Southern
So. Carolina
A West Virginia
Omaha A Grant Smelting...
Hocking Valley.
American Smelting
Ontario A Quebec
Oregon Central A Eastern
Canadian Pact tie.
Corvallis
A
Refining.
A Eastern.
Pacific Coast Co. (Miscel Comp'es.)
Oregon improvement
Oregon short Line A Utah Northern. Oregon Short Line.
Home \\ atertown A Ogdensburg.
Oswego a Koine
Ottawa Northern a- Western
.Canadian Pacific
Chicago A North Western.
Ottuniwa Cedar Falls A St. Paul
Ozark Equipment
Kansas City Pt Scott A Memphis.
New York New Haven A Hartford
Pawtuxet Valley
Pennsylvania Mfg. Light A Power. Philadelphia Electrie.
Pennsylvania A N. Y. Canal
Lehigh \ alley.
Maine Central.
Penobscot Bhore Line
Louisville A Nashville.
Pensacola A Atlantic
Chicago A North Western.
Peoria A North western
Atlantic Ooaal Line RR.
Petersburg
Phlla. Germanfn A Chestnut Hill Connecting Ky.
Philadelphia a- Beading.
Beading Company.
Central New England Railway.
Phil. Reading A- New England
.mil A-
Halt imore A
.Baltimore A
Baltimore A
Baltimore
Toledo
Pittsburg A o one Us v lilt)
Pittsburg Junction
Pittsburg Newcastle A lake Erie
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Pittsburg stienango
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a Lake
Erie..
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A North Adams
a lie soto
Plea-unt Valley Coal
Plymouth A Ml'ddlcboro
Portland a Ogdensburg
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Hill
Portland A Rochester
Portland Baoo A Port-mouth
Portsmouth Croat Kails A Conway
Postal Telegraph Cable
Pratt A Whitney
Presoott A Eastern
.
Ohio.
Ohio.
Ohio.
Ohio.
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Pittsburg Bessemer A Lake Erie.
Baltimore A Ohio.
Huston A Albany.
Clinton A Springfield.
Denver A Rio Grande.
Old Colony RR.
Maine Cei
I
Boston a Maine.
Boston A Maine.
Boston A Maine.
Commercial O ble.
Mies Hement Pond Co.
Santa Fe Prescott A Phrenlx.
[Vol.
LXXTII.
SAME
WILL BE FOUND UNDHH—
A Northwestern
Chicago A North Western.
Kalelgh a Augusta— Ral. A Gaston Seaboard Air Line.
Ravenswood spencer a Gienviiie..ohio Kiver.
Republican Valley
Chicago Burlington A Quiney
Richmond A Danville
Southern Railway.
Richmond A Petersburg
Atlantic Coast Line RR.
Richmond York River A dies
Southern Railway.
Rio Grande Western
Denver A Rio Grande.
Princeton
River Front
Pennsylvania.
Seaboard Air Line
Roanoke A Tar Rlvfr
Rochester A Pittsburg
Roohester a Pittsburg Coal
Hut land-Canadian
A
Buffalo Rochester A Pitt»bnrg
Iron Buffalo Rochester A Pittsburg.
Rutland.
st. eh u
Wabash.
St. Joseph c as
American Light
Traction.
St. Lawrence
Ottawa
Canadian Pacific.
St. Louis Alton
Illinois Central System.
Terre naute
St. Louis Arkansas
Texas
St. Louis Southwestern.
St. Louis Bridge
Tunnel
Terminal Association of St. Louis.
St. L. Cape Girardeau
Ft. Bmlth.. Southern Missouri
Arnamas.
St. Louis Chicago
St. Paul
Chicago Peoria
8t- Louts.
St. Louis Council Bluffs
Omaha... Wabash.
St. Louis Iron Mount'n A Southern. .Missouri Pacific 8ystem.
St. Louis Jacksonville A Chicago
Alton.
Chicago
St. Louis Kansas City A Northern.. .Wabash.
St. Louis Kansas
Southwestern Kansas Southwestern.
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A
A
A
A
A
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A
A
A
A
Oklahoma & Southern
St Louis A San Francises.
Louis Southern
Illinois Central System.
Louis Wichita A Western
st. Louis a Ban Francisco*
"St. Paul"
Chicago Milwaukee A St. Paol.
St. Paul & Duluth
Northern Pacific.
St. Paul Gaslight
American Light & Tractkin.
St. Paul Minneapolis A Manitoba... Great Northern.
St. Paul A Pacific
Great Northern.
St Paul A Sioux City bonds
Chic. St. Paul Minn. A Omaha.
St Paul 8till water A T. F
Chic st. Paul Minn. A Omaha.
Sandusky Mansfield A Newark
Baltimore A Ohio.
Ban Francisco A San Joaquin Val.. Atchison Topeka A Santa Pte.
Sault 8t Marie A Southwestern
Chic. Bt Paul Mlnneap. <s Omaha.
Savannah Florida & Western
Atlantic Coast Line RR.
Schuylkill River East Side
Baltimore A Onto.
8cioto Valley A New England
Norfolk A Western.
Seaboard A Roanoke
8eaboard Air Line.
Sea Coast
Atlantic City.
Seattle A Northern
Pacific Coast (Miscel Companies.*
Sherman Denison A Dallas
...Missouri Kansas A Texas.
Sherman Shreveport A Southern... Missouri Kansas A Texas.
8hore Line
N. Y. New Haven A Hartford.
Silver Springs Ocala A Gull
Atlantic Coast Line RR.
8ioux City A Nor. and 8. City A W. Great Northern.
8ioux City A Pacific
.Chicago A North Western.
Smitlitown A Port Jefferson.
Long Island.
Sodus Bay A Southern
Elmira A Lake Ontario.
South Carolina A Georgia
Southern Ry.. Carolina Division.
Southeastern A St Louis
Louisville A Nashville.
Southern Iowa
Chicago A North Western.
Southern Minnesota
Chicago Milwaukee A St. Paul.
Southern Pacitic Branch
Southern Pacific of California.
Southwestern Ark. a- Indian Ter
Arkansas Southwestern.
Spartanburg I'nion A Columbia.. Southern Ry., Carolina Hrvlsion.
.-pints Distributing
Distilling Co. of America
Sookane Falls A Northern
Great Northern.
standard Distilling A Distributing. Distilling Co. of America.
Standard Gas
Consolidated Gas.
Steubenville A Indiana
Pittsburg Cin. Chic A St Louis.
Stillwater A St Paul
Northern Pacific.
Stockton A Copperopolis
Southern Pacific of California.
Sturgis Goshen A St. Louis
Lake Shore a Michigan Southern.
Sugar Trust
American Sugar Refining.
Sumter A; Wateree
Southern Ry, Carolina Division.
Sunbury A Erie
Philadelphia A Erie.
sunbi ry Hazleton A Wilkesbarre. Pennsylvania.
Sunbury A Lewlstown
Pennsylvania.
Superior Short Line
Chicago St. Paul Minn. A Omaha.
Taylor's Falls A Lake Superior
Northern Pacific
Tarkio Valley
Chicago Burlington A Qutncy.
Terre Haute A Southeastern
Evansville A Indianapolis.
St Louis
St.
St.
Texas Mexican
Mexican National.
Texas & Oklahoma
..Missouri Kansas A Texas.
Toledo Ann Arbor A No. Michigan. Ann Arbor Railway.
Toledo St. Louis A Kansas City
Toledo St. Louis a Western.
Toronto Grey A Bruce
Canadian Pacific
Troy A Boston
Fitchburg.
Tunnel Railroad of St. Louis
Terminal Ass'n of St Louis.
ITnlon
Northern Central.
Union Pacific Denver A Gulf
Colorado & Southern.
Union A Logansport
Pittsburg Cincin. Chicago A St L.
Union Tobacco
American TobSM
United Elec. Lt A Power of N. Y. Consolidated Gas
United States Cordage
Standard Rone A Twlne(Mise.Co, i.
United States Hour Milling
Standard Milling.
United States sugar Refinery
National starch.
Upper Coos
Maine Central.
Utah Centra]
Denver A Rio Grande.
Denver A Rio (irande.
Utah Fuel
Oregon short Liue.
Utah New A Cal
Oregon short Line.
Utah A Northern
Utah A Pacific
Oregon short Line.
Itica a Black River
Borne Watertown A Ogdensburg.
Valley Ry. of Ohio
Cleveland Terminal A Valley.
Venice A Carondelet
Verdigris Yul. Independ'ce A West
Viekshurg A Meridian
Virginia A- Southwestern Ry
Waco A Northwestern
Walker Co
Ware River
Warwick Valley
Washington Ohio A Western
Wellington Grey A Bruce
West Chester.
Western
Western
Western
Western
A Atlantic
Equipment
Minnesota
North arolina
a astern I'ennsv lvanla
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Wilkesbarre A Eastern
Willmar A Sioux alls
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Southern Kail
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v ay
Missouri Pacific.
Alabama A Vicksburg.
Virginia Iron Goal A Coke.
r*.i Railway
Houston A
West'ghouseELA M.ui.tMiscOo'a).
Boston A Albany.
Lehigh A Hudson River.
I
Southern Ry.
Canadian Pacific.
Peniuu lvanla.
Nashville Chattanooga A St Louis.
Pen Marquette.
Northern Pacific.
Southern Railway.
Pennsi \\
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Wi
Baltimore
shore.
a
Ohio.
Chic Bt Paul Minneap. A Omaha.
N. Y. Susquehanna A western.
Great Northern.
Wilmington Columbia A Augusta.. Atlantic Coast Line RR,
WUtn.AWeldon- WOm A Newborn Ulentio Coast Line RR.
Winona A St. Peter
Chicago A North Western.
\\ Iseonsln .v Minnesota
Wisconsin Central Company.
Wisconsin Minnesota A Pacific
Minneapolis A St. Ixiuls.
Wisconsin Valley
Chicago Milwaukee A st Paul.
Worthlngton. Henry R. Co
International Steam Pump Co.
York A Peach Bottom
Maryland A Pennsylvania.
r.auesville A Ohio Kiver
Ohio A Little Kanawha. ,
@FedFRASER